ninjashogun: But this is not to detract from what you've done, asciilifeform (and mircea_popescu ?) Overall the device is a VERY good step.

ninjashogun: mircea_popescu, in fact it could be set to ONLY sign/encrypt/decrypt the next 1 message or 2 messages. So that it can't be stolen off someone's body, as it's in theri home and will only sign the next 2 things.

ninjashogun: mircea_popescu, Why not? assume that the other end is in the person's home. Then the wireless key is truly unusable.

ninjashogun: mircea_popescu, let me think about this.

ninjashogun: mircea_popescu, well I could just ask you. Not really that interested.

ninjashogun: mircea_popescu, I don't mean to pick on Romania. For many of my examples I'm really thinking of Hungary, and using it as an analogy.

ninjashogun: mircea_popescu, it's the same reason (to be honest) that very few Romanians found startups and that you would have had far more trouble finidng cofounders if you didnt' want to do it alone, than you would have in (for example), Berlin, Rome, Brussels, London, Paris, Tokyo, etc.....

ninjashogun: mircea_popescu, the answer is that they do not have the right socioeconomic perspective.

ninjashogun: mircea_popescu, I don't know about the criminals, generally they're not very smart. But I do know about founders and creating something.

ninjashogun: mircea_popescu, I think your model is a very, very fair one under normal circumstances. (Such as the Efficient Market Hypothesis.) However, I have very deep theoretical proof that your model is mistaken, and that these founders were in fact leveraging the same opportunity inefficiency that I am.

ninjashogun: mircea_popescu, also, if my investors don't know of them, i can't leverage their background to get an investment, either.

ninjashogun: mircea_popescu, so how would I learn from them? What use are they to me?

ninjashogun: mircea_popescu, fine. AirBNB had to sell Cereal. Yes Cereal. To fund their idea of a C2C ebay of Rentals.

ninjashogun: mircea_popescu, yes, rent in a very small room in a very large shared apartment, is $111 (after some clever negotiation from me based on how infrequently the room could be rented out due to its size). This includes all eelectricity bills, the Internet (that I'm using now) hot water, gas, utilities.

ninjashogun: mircea_popescu, fine. Lend me $17,000 now and at some point in my career I will repay you 500x (8.5M). I am 30 now and it has to be in the next 30 years.

ninjashogun: mircea_popescu, the way I interpret that is that Steve Jobs used the $5000 to start Apple and make his friend a billionaire.

ninjashogun: mircea_popescu, in a lot of ways it's enshrined into the way MANY people think. Some of it is legal (only accredited investors can be targeted; accredited investors display groupthink). Other parts of it are cultural - a lot of people just feel the same way.

ninjashogun: mircea_popescu, yes, I know this.

ninjashogun: mircea_popescu, let me put it to you like this. If ughlol were farther along, and actually already convinced 10 engineers at his university to be 'cofounders' for equity totalling 5%, 95% to him (which would show GREAT founder skill) and got some traction. HIs company would still probably die, and those 10 people would leave. Because he is in India.

ninjashogun: mircea_popescu, I've lived in Boston, New York, San Francisco, Paris, Berlin (a bit) as well as some Eastern European cities. I've been interested in startups in all of them, have worked for one in the first dot-com bubble in the 90's. I can tell the difference between different climates and how people behave in them.

ninjashogun: mircea_popescu, the ansewr is very simple. he would not have gotten an investment or interest from peter thiel. Or any VC. And nobody outside of 10,000 people would know the word "facebook".

ninjashogun: mircea_popescu, let's walk through it. If Facebook had been the same in every way, except Mark Zuckerberg was transplanted to be an Oxford student instead (same skills, same drive, same ideas) - what would have happened?

ninjashogun: mircea_popescu, I'm sorry you are factually mistaken.

ninjashogun: mircea_popescu, could you be more specific please!

ninjashogun: mircea_popescu, sorry what are you talking about not working?

ninjashogun: mircea_popescu, my 'half-lie' model applies to everything that is new and being built.

ninjashogun: mircea_popescu, and more importantly those words allow the problem to be fixed.

ninjashogun: mircea_popescu, well the main problem is that you need to reserve your hardest edge for when you need it the most. I've spend very long hours discussing very deep technical points without calling something "idiotic". It can be broken, wrong, unexpected, totally incompatible, etc. Those words are more specific.

ninjashogun: mircea_popescu, yes, this is the big defense of trolls. That if it does succeed it's luck, if it fails then obviously it's because it was a dumb idea just as shown by the trolls.

ninjashogun: mircea_popescu, what do you mean? http://trilema.com/2014/you-cannot-fix-a-machine-by-just-power-cycling-it-with-no-understanding-of-what-is-going-wrong/

ninjashogun: mircea_popescu, I saw your article on ughlol and think it completely misrepresents ughlol's idea and is extremely unfair. As long as it includes no identifying information, it's a simple troll and abuse of your power - which is fine. It will disappear off the Internet and nobody will read it again. However it is in no way accurate based on my conversation with him.