log☇︎
639300+ entries in 0.378s
decimation: asciilifeform: they will be derping to themselves as they dig ditches or whatever
asciilifeform: and rounding off with the 'greatest good for greatest number' crapolade.
asciilifeform wonders what gear these folks will change into when it dawns on them that -all- of their gods are being pissed on, vs. an arbitrary selection thereof
BingoBoingo: <BlueMeanie4> so to have something that is so radically new, you need to have something that is radically detailed as well << No, this is reactionary, a return to principles more basic than any Tea Partier in a costume can imagine
mircea_popescu: what you got going there in teh socialist states of the americaz however is not.
BlueMeanie4: unfortunately it's not going to get you anywhere
BlueMeanie4: the problem is that the countries who didnt benefit from capitalism have a tendency to buy these broken ideas
mircea_popescu: hard money however does not. it will convince you right into the ground.
asciilifeform: just as 'are you paranoid if the gasenwagen is actually on its way,' -- 'are you still in a cult if the alien comet ship is actually parked in orbit, and waiting to pick you up?'
mircea_popescu: see, the nude emperor system does depend on everyone staying convinced.
BlueMeanie4: "all the cool countries do it"?
BlueMeanie4: i dont have to convince anyone
decimation: BlueMeanie4: you realize your argument of "all the cool countries do it" is not convincing?
bats_cd03: careful consideration is a characteristic of a cult. jeez, what isn't these days.
mircea_popescu: your system is so fucking dead it's funny to watch.
BlueMeanie4: and we all know this is just a characteristic of a cult
BlueMeanie4: so to have something that is so radically new, you need to have something that is radically detailed as well
mircea_popescu: seems to be existing just fine, but yeah, that's a point that can wait. might as well revisit it after it's inevitable and you know, cut in stone.
BlueMeanie4: and strangely you believe you are the position to scoff at these points when they correspond fully to how our system works right now
BlueMeanie4: youre advocating something that is not only unsupported in principle, it doesnt exist in reality either
mircea_popescu: well what do you expect. come here with exotic priors, expect everyone to accept them or else you gotta go watch cat pictures ?!
BlueMeanie4: im not arguing for some strange mythical world- this is how it currently works
BlueMeanie4: as most of these dicussions go
BlueMeanie4: ill leave it at this
asciilifeform: it also helps gravity to keep working
mircea_popescu: the point of bitcoin is to make equality impossible and life miserable for the majority.
mircea_popescu: <BlueMeanie4> gold backing has historically reversed wealth equality << of fucking course. what gave you the ridiculous notion that we're about equality ?
BlueMeanie4: these questions are reminding me that I need to look at cat pictures
mircea_popescu: <BlueMeanie4> this gold back currency people are most ppl with no real economics background who believe they have some 'fix' to our economic problems << you know you're repating this like it's the hail mary of your faith.
BlueMeanie4: this gold back currency people are most ppl with no real economics background who believe they have some 'fix' to our economic problems
asciilifeform: BlueMeanie4: if city hall were to bring in a truck full of wooden coins, would this cause the requisite trainload of produce to materialize ?
BlueMeanie4: all major money systems today are flexible money supplies
assbot: The problem of too much money pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2012/the-problem-of-too-much-money/ < there
asciilifeform: BlueMeanie4: point was a question. how does it follow that a 'flexible' currency supply is a useful thing?
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mircea_popescu: ;;google "tin women, that's what"
mircea_popescu: <BlueMeanie4> wow that is- AT BEST- a radical view of economics, but more accurately just cluelessness << no, it's a radical view alright.
mircea_popescu: now how would you confuse those two ?
BlueMeanie4: they used to use 'wooden coins' aka tally sticks all the time during the middle ages
asciilifeform: BlueMeanie4: no one, afaik, finds this particularly offensive. but how does it follow that the farmers will require a growing supply of the wooden coins?
nubbins`: although that's at a larger scale again
mircea_popescu: <BlueMeanie4> they are not places you would want to live << amusingly, the state says this of anarchy all the time. yet i've lived in anarchy and much prefer it to any kind of currently available state.
BlueMeanie4: i dont think they are a panacea, but rather a tool that can be used to generate wealth
nubbins`: some tourist shops here accept canadian tire money
BingoBoingo: bats_cd03> BingoBoingo: brilliant << Not a construction of mine. An event that happen, recorded in my wetware and entered into the public record
mircea_popescu: this is what the average tardstalk forum scammer says, too.
asciilifeform: BlueMeanie4: this is not an uncommon thing, and exists even here in usa (my local vegetable merchants at the market often trade with each other in primitive wooden coins they've agreed on)
mircea_popescu: <BlueMeanie4> Mircea - because so far no one has produced any sort of cogent response to my point << you would think that in either case.
nubbins`: my city did this once
BlueMeanie4: something like that
asciilifeform: BlueMeanie4: your story concerned a town which printed its own internal currency, yes ?
BingoBoingo: <decimation> I suspect that the number of USG employees who understand money is too small to coordinate a mass bitcoin theft << Even my FBI agent admitted holding some bitcoin... The Treasury agent though was silent on the matter
BlueMeanie4: or various immature responses designed to detract away from what is obviously a failed argument
BlueMeanie4: so far i have yet to see anyone pose any interesting examples- mainly your typical libertarian bellittleing etc.
bats_cd03: i do not think that.
BlueMeanie4: true, but the employment opps didnt necessarily exist
bats_cd03: your problem is: you are continuously assigning meaning to that which has none
decimation: BlueMeanie4: your story of paupers proves nothing. if they had to skills to bulid houses, they have the skills to earn money to build houses
BlueMeanie4: and you think Keynes was an austrian?
bats_cd03: still working through some papers, ya
BlueMeanie4: nubbins, that exactly what they did
bats_cd03: after you have, read some austrian theory. write a 10pg open response.
nubbins`: they didn't say "let us all go into financial debt to each other! you all owe me $100/hr for my plumbing services"
asciilifeform: BlueMeanie4: nothing stops a btc user from lending to another
bats_cd03: maybe we should rewind and assign a reading list. have you read keynesian theory, BlueMeanie4?
BlueMeanie4: wow that is- AT BEST- a radical view of economics, but more accurately just cluelessness
nubbins`: <+BlueMeanie4> but the money and debt allowed them to be specialists <<< you're 100% misunderstanding what happened, by virtue of trying to view it in the wrong frame of perspective.
asciilifeform: BlueMeanie4: loans are available - here. though not to everyone who asks.
BlueMeanie4: they are not places you would want to live
BlueMeanie4: there are mnay places that do have this
BlueMeanie4: what you fail to see is how the world would be if loans werent available
decimation: I provide our present trollish company as proof of the widely distributed ignorance
bats_cd03: surely we can do that. it'd just be... terribly unpractical.
BlueMeanie4: Mircea - because so far no one has produced any sort of cogent response to my point
asciilifeform can't help but picture a coprophagiac walking into a fine restaurant, proceeding to argue - with physical demonstration - his concept of 'fine dining'
BlueMeanie4: if im not mistaken, it's impossible to produce enough gold to account for all the wealth in the world
mircea_popescu: BlueMeanie4 how do you know it's not your understanding of how money works that's the problem ?
mircea_popescu: sure, for as longas there's money to be made, why not.
decimation: I suspect that the number of USG employees who understand money is too small to coordinate a mass bitcoin theft
asciilifeform: BlueMeanie4: all that remains is to ask you - if you believe 'hard money' to be a heresy, why are you here? and not in '#dollar-assets'
mircea_popescu: asciilifeform the first hour with the whore suggests one's "pickup skills" aren't entirely unsuccessful either.
decimation: mircea_popescu: well they still have some of the SR stash right?
asciilifeform: the '500 wars' suggest that they weren't entirely unsuccessful.
mircea_popescu: asciilifeform it's just thatr i can't locate any data showign they are succesfull to any degree. but anyway.
mircea_popescu: what is this shit even.
asciilifeform did (along with probably everyone else) predict this turn. i.e. - usg separating as many coins as can be turned up from their owners, by whatever means can be brought to bear
mircea_popescu: anyway, so fucking ludicrous to see the stone soup argument repackaged by people who five minutes earlier complained of ignoramus land.
mircea_popescu: now that's an interesting point. if only...
asciilifeform: mircea_popescu: where do you suppose the fuel to stoke the 'btc at 500 within 1%' engine comes from?
bats_cd03: i guess i've been here too long.
BingoBoingo: bats_cd03> an early silk road entrepreneur living it up on southern california after exchanging btc for fiat; authorities spy, notice new camaro but no regular employment since 2010... questioned, gasenwagen, perhaps USG confiscates some coins along the way. everything is gravy, republic lives another day. << And I bless Jebus I am but a midwestern pauper
decimation: bats_cd03: such a person ought to pay taxes and/or have a lawyer
mircea_popescu: bats_cd03 you got this whole soviet "illegal rich" thing going already ?
bats_cd03: an early silk road entrepreneur living it up on southern california after exchanging btc for fiat; authorities spy, notice new camaro but no regular employment since 2010... questioned, gasenwagen, perhaps USG confiscates some coins along the way. everything is gravy, republic lives another day.
mircea_popescu: now, who's more likely to have had a good fuck ?
mircea_popescu: i guess he doesn't wanna addres it, but let's take a stab anyway. BlueMeanie4 suppose two people wanted to fuck, and both liked to fuck. in scenario A, they fuck. in scenario B, they exchange obligations to fuck, then fuck.
BingoBoingo: mircea_popescu: Who said anything about scaling. Sewers were a problem for the Spanish because of the scaling involved...
gribble: Bitstamp BTCUSD ticker | Best bid: 513.21, Best ask: 514.09, Bid-ask spread: 0.88000, Last trade: 514.42, 24 hour volume: 6677.18273998, 24 hour low: 502.33, 24 hour high: 516.0, 24 hour vwap: 509.617291213
mircea_popescu: BingoBoingo doth not scale outside the dunbar number w/o a wot.