mircea_popescu: uk deficit is powered by a huge trade imbalance, not some sort of local savings.

mircea_popescu: infanta of spain does have a sucky job in a sucky society, but at least she gets the fucking pearls. it makes some limited sense.

mircea_popescu: (and , of course, they're making the eternal soviet mistake, spending 5bn on "research", except in healthcare, ai, batteries, self-driving vehicles, satellites etc. ie, trying to spend money to rewrite history with themselve in the picture. if you have a fucking clue you never invest in R&D in "hot" shit)

mircea_popescu: who would pay to fuck a british bag is anyone's guess.

mircea_popescu: and the 40bn dun exist without the 50bn. you know how that goes, it's a "high paying bay area job"

mircea_popescu: and see, here's the true lulz picture : they exported 40bn worth of automotives. which looks like a something

mircea_popescu: they still export half a trillion worth of mostly software and crap (1/3 balance deficit)

mircea_popescu: and the uk specifically is headed for a shitter of epic proportions. they've to retool, but have no space to borrow to support capital costs and no strength in the labour market.

mircea_popescu: http://btcbase.org/log/2017-08-18#1699937 << http://trilema.com/2015/a-lingering-suspicion/ found meanwhile. ☝︎

mircea_popescu: a year ago precisely!

mircea_popescu: bit of a time bomb, as i'm sure these will pop up. first mover advantage i guess.

mircea_popescu: in principle there's you know, 100mn dollars worth of free money sittibng on ground, if you get 1% of that you really don't need a job.

mircea_popescu: charge a coupla percents or w/e.

mircea_popescu: well so this seems like it is a very credible service, makie a website

mircea_popescu: wanna do that as a service ?

mircea_popescu: lol Birdman 's got a consultancy bidniss almost going ?

mircea_popescu: asciilifeform aha, old man went in on a ticket of no-compromise, compromised errythang.

mircea_popescu: and to go with http://btcbase.org/log/2017-08-10#1696456 : wikiprop dept has a chapter on spain, "economic recovery (2014-)". because totally. ☝︎

mircea_popescu: just like if on an imaginary island you had a farm that produced all the milk but none of the meat, the return would be mostly in milk and not much in meat.

mircea_popescu: seems to be obvious and necessarily true, iunasmuch as bitcoin has 100% of the world savings market share and about a millionth of a percent of the world capital allocation market share.

mircea_popescu: asciilifeform well no, tank batallion is a different story. this is a textile maker, it has no further productive externalities than what it gets for cloth

mircea_popescu: that's a 96% discount on capital.

mircea_popescu: obviously the burlington discussion is very much apropos here : http://trilema.com/2015/so-im-going-to-be-a-total-asshole-for-a-moment-here/#selection-921.0-929.476

mircea_popescu: the only reason everyday joe doesn't encounter capital discounts is because a) too small and b) too stupid. otherwise even someone running a small video rental comprehends the difference between accounts receivable depending on from whom, and so on.

mircea_popescu: whereas in case 2 it will be put at so massively a premium so as to make 2 stock outstanding worth more than 1's.

mircea_popescu: both these items made the same unexpected billion. nevertheless, in the case of 1 this will be discounted to about a third of its value, resulting in minor share appreciation c.p.

mircea_popescu: goldbug looks at bar of gold, thinks "value here", you look at benjie think "value here". this is however not so, capital is an abstract not a concrete item.

mircea_popescu: no but we're all under a discreet obligation to promote the herdemocracy! everything else is theft and corruption and racism and so on!

mircea_popescu: fortunately, there's no kako-nubbins party to argue that hey, as btc price is chiefly supported by the republic, which has a lot to do with mp, it is therefore mp's job to idemnify "the users" as imagined by kako-nubbins for "this loss" resulting from his you know, unauthorized use of resources for purposes not priorly reported to the almightyly important kako-nubbins party!

mircea_popescu: mircea_popescu amusingly has. nsa made the worst deal in history by you know, buying parts and then trying to sell them as a result.

mircea_popescu: the little nigerian girl dreaming of a flying pony, barefoot under the banana tree may well be denominated in fucking pula for all it matters.

mircea_popescu: describing the masturbation of units of nothing as "buying something" is a stretch.

mircea_popescu: if i promise you a talking donkey and a cunt on your forehead in 2020, and you don't get them, this means i confiscated a talking donkey and a forehead cunt ?

mircea_popescu: you understand that "inca" is not a thing, yes ?

mircea_popescu: there's no way out of this. there will NEVER be such a thing as respectable poverty. it's called slavery, and the poor that aren't slaves are in open rebellion against god, nature, and everything good right and proper.

mircea_popescu: asciilifeform great surgeon makes as good a harem slave as any other pole dancer.

mircea_popescu: you understand this ? "opening" code so that blackchixcode can "contribute" "their" ideas is not improving the code. it's actually introducing a cost, of the magnitude of running a free buffett for crack whores.

mircea_popescu: asciilifeform because their labour is worthj a negative sum of money.

mircea_popescu: would you propose a transition from alt-mehmed to mehmed would improve the soldiery quality of the turkish janissary ?

mircea_popescu: consider the case of mehmed and alt-mehmed. now, mehmed has the historically accurate cannons which 4% of the time blow up and kill some servants. whereas alt-murat has the imaginary alt-cannons which still 4% of the time blow up naturally, and also include a "blow up" button, which, if depressed, 4% of the time blows up in the same way.

mircea_popescu: you'll just have a larger load of idiots.

mircea_popescu: so no, poor people not owing any money is not a problem. it is in fact the fundamental guarantee ~REQUIRED~ by any sound financial system, much like atmosphere is required for auricular function.

mircea_popescu: it's basicalyl a blind seeking of hillaries, they herd as a behaviou searching the environment space for a pantsuit to "lead them" into welfare statism.

mircea_popescu: because at age 6 the difference between you and average had unfolded to a term of x, whereas in a further four years it had unfolded to a further y, x ^ n as it may be.

mircea_popescu: at stage n, when bitcoin exists, curtis yarvin is too stupid to understand why it's much bigger than him ; and the mental efforts of marginal retard are just about comensurate with the sub dollar value of a coin.

mircea_popescu: anyway, the relationship between "unit covering functions", riemann's work and fundamental number (set) properties is one of those things that tend to make people entirely disinterested in "deductive government" a la http://trilema.com/2017/because-thats-just-how-things-are/#selection-259.147-259.253 once grokked.

mircea_popescu: a

mircea_popescu: anyway, there's a lot of work that went into this "program needs list of prime for initialization" thing back when people still actually put thought and work into computers. see wheel factorization etc if curious.

mircea_popescu: (the ancient original, cut out nth number, everfy 2nd from 2 every 3rd from 3 etc. euler's sieve is "take out a number, multiply the remainder of the list by that number, take out all the items in first list found also in second". which is faster yes, a generalisation of the 6k+-1 thing.)