517200+ entries in 0.312s
bagehot: I suspect so, although, it'd depend on
the natural constraint
thats being put forth
mircea_popescu: just like gravity causes fishes
to swim and birds
to fly, just so money and
the economy cause black people
to be poor and jews
to have long noses
bagehot: Its definately
the case
that some social systems cause behaviors in practically all people, although I suspect once in a while people manage
to commander
the board for a bit.
bagehot: Another argument I've heard is
that
thing like 'money' and
the 'economy' exist as
they are because of some constraints
that are present in
the natural world and so
those constraints, eh, cause certain behaviors
bagehot: Thanks! First, re: one interesting idea: Can you clarify 'decide'? One sort of sociological argument I've heard is
that social systems cause specific behaviors
to be present in people.
mircea_popescu: but vice-versa : money and
the economy decide what people are.
mircea_popescu: one interesting idea
that came out here is
that
the people do not decide what either money or
the economy are.
bagehot: That's my first pass at an answer.
That's not a question I've
thought about before.
bagehot: And also how
those people define
the
terms.
bagehot: It depends on what is enforced by
the people who decide what money and
the economy are.
decimation: bagehot: do you
think
the supply of money must expand as an economy 'grows'?
bagehot: I also
think it'd be fun
to
try
to build a decentralized currency with a built-in mechanism for lender-of-last-resort purposes
bagehot: Well, so
to give a concrete example, but not
to make a normative statement about
the relative merits for some purpose of one kind of unit of account over another, I
think it'd be fun
to
try switching
the party
that initiates
the asset-liability relationship.
decimation: bagehot: what does it mean
to 'not be like digital gold'?
bagehot: I
think it'd be more fun
to see what people do, if anything, with units of account
that aren't like digital gold.
bagehot: Heh, nah, I've got no interest in patching bitcoin for
the sake of itself beyond
tinkering with
the code
to learn about.
bagehot: Well all
the better
then. In
the longer run I want
to
try inventing some units of account with different
transactional properties and expansionary mechanisms.
mircea_popescu: but,
the discussion is in
the logs, you can
traverse it by searching. prolly a good start as any :
mircea_popescu: actually,
this is exactly backards from reality. bitcoin is an utter mess, it works mostly by accident, most of
the bits are horribly broken and dysfunctional.
bagehot: Eh,
the delay was
to make sure I communicated accurately what I am here
to learn.
bagehot: Where I can go
to get
the gory details on how
the interesting parts of
the bitcoin source code are implemented and why
those interesting bits actually work cryptographically and in a game-theory sense. I
think its pretty incredible
that a bunch of people can credibly store
tokens of considerable value on a decentralized, digital network.
bagehot: Cool, yeah,
that'll save me a day of googling,
thanks
assbot: The Heretic's Guide
to Global Finance: Hacking
the Future of Money: Peer-to-Peer Review:
The State of Academic Bitcoin Research 2014 ... (
http://bit.ly/1G15duW )
decimation: bagehot: if you wanna know how bitcoin works, unfortunately
the only comprehensive reference is
the code itself
bagehot: On a related note, can anyone suggest a site collecting major papers on
the
technical and analytical details of bitcoins?
bagehot: at least from what I understand of
the
technical implementation.
bagehot: the keys used
to keep bitcoins a store of value are.
bagehot: decimation: What is
there
to say about
the BoE? I'm here
to learn checkout scarcity-through-obscurity currencies.
decimation: bagehot: here
to
tell us of
the bank of england?
bagehot: Thanks for
the !up, mircea_popescu
mircea_popescu: people have
trouble making rent down on earth, what mars.
assbot: Logged on 20-08-2014 05:33:36; mircea_popescu: now grant one more
thing :
there's going
to be no space until long after
the ocean floor is alma mater.
mircea_popescu: " said Peter Smith,
the Phoenix principal investigator at
the University of Arizona in
Tucson.
mircea_popescu: "Perchlorate is not a common word in
the English language; all of us had
to go and look it up," << pls resign now.
mircea_popescu: but anyway : it'd seem on cursory inspiection
that
the components market is actually not very healthy.
mircea_popescu: so apparently
there's exactly one producer of niobium oxide capacitors, and you can't put an order in.
decimation: your jug of bleach is sodium perchlorate,
this is calcium perchlorate, but
the idea is similar - concentrated bleach
decimation: apparently mars is 1% perchlorate which fucks with your
thyroid
decimation: 'imaginary mars was
totally easy
to colonize'
decimation: yeah much japanese manufacturing has moved
to china
mircea_popescu: re: electronic bits. funny what's left once a major empire collapses. japan used
to own
the electronics
trade. and
they still do, except... it's mostly moved away from
the stuff
they make.
mircea_popescu: decimation actually
traders use a very similar
thing
to replace phones
decimation: yeah, and companies like murata
that have a corner on ceramic filters, etc
decimation: asciilifeform: supposedly panasonic has a good reputation in
the passives market
cazalla: on one hand i get it, ya don't want random drunks coming in carrying on while you're having a conversation, but
they are easily muted
cazalla: didn't hang around
to find out
decimation: lol
they have some kind of moderator in
the 'screen room'?
cazalla: which is what i was gonna do last night ya know, bit of a chit chat, bit of a yarn but nope, gotta wait in some other room
to be screened
cazalla: asciilifeform, even if
Ts wasn't proprietary, it'd be pointless
to download as you can't just connect and chat with
them
cazalla: surprised
they're using it
tbh, mumble is far more popular in recent years
mike_c: they aren't pretending
to be bigshots, it's just a bunch of
TA's derping around
PeterL: sure, I guess
that works
cazalla: even
the aussie guy from drink or die fought off his extradition for 4-5 years
trinque: then one day
the govt shows up at his door and he pisses himself
trinque: cazalla: could just be one of
those self-defeating
types
that gets into such
things due
to psychological issues