641800+ entries in 0.417s
mircea_popescu: take
the us as a fine example.
the black ~~~minority~~~
there STILL
thinks it's your fault.
fluffypony: I'm oba-observing and seeing how
things play out
fluffypony: then you have a shit childhood because your parents are idiotic or because of circumstances, not because of something
that happened in
the past
mircea_popescu: but after
the African Bank bailout, why would anyone pay up on anything
they owe
to a bank
there ? uncollateralized i mean.
fluffypony: in another 1 or 2 or 3 generations
that excuse no longer holds water
fluffypony: because
they had a shit childhood as a direct or indirect result
fluffypony: so now
there are people who *didn't* grow up under Apartheid who are in power
fluffypony: you've got a large population
that was opressed
mircea_popescu: fluffypony is
this predicated on
the general
theory
that
the world is by and large a friendly place and most seeds once planted reach maturity and fruition ?
xmj: nice, i have 15min more
to procrastinate.
fluffypony: xmj: I
think
there will be a
to-and-fro for a few more generations - whether it does a "slippery slope" on either side of
the scale remains
to be seen, but once its worn itself out and
theres more social equilibrium it'll be stable
mircea_popescu: lol ok. most of
the people at katyn were eu citizens
too.
Vexual: you'll be selling infrasructure
to half of africa before you break a sweat
fluffypony: mircea_popescu:
the
timelines are also interesting - if it goes
to shit we'll be out long before it gets
there
fluffypony: lol Vexual - as opposed
to NZ where all you can hope
to do is swim?
xmj: well you can
take a Helicopter if you have one.
xmj: fluffypony: just make sure you have enough cash
to bribe your way out, and a guy who can drive you
through obstacles like borders and has been in
the infantry.
mircea_popescu: jewland
too. it's just not in
the cards for
that continent, having civilised countries
there.
Vexual: 20 million dead and half at
the border from lead poisoning
mircea_popescu: i wish i could find a way
to bitbet
this. "sa is going
to shit in a handbasket"
mircea_popescu: the us reneged about 50 billion worth of
them under fdr.
mircea_popescu: and i dunno why zh is making such a big deal out of it. a bond anchored
to gold. what's so strange about it ?
fluffypony: "this is such an amazing experiment, I'm going
to
try
this when I next look for a job!"
fluffypony: btw -
that Michael O. Church article got sent
to me
today by a friend
Vexual: the man who shakes his head cannot see
the way forward
usagi: Tat if you have anything of value
to add, so so.
usagi: The value of gold expands
to cover every other asset in
the world including bitcoin
usagi: Well what do you mean
then
tat?
usagi: You should be able
to get
this
usagi: Gold is really simple
to understand
usagi: But in any other case, if you give someone your gold and
they pay you
to hold it,
the deal is
that at some point in
the future you won't be able
to get it back
usagi: The only way I can imagine someone paying you
to invest your gold with
them is if
they were selling it for an inflated price. I used
to do
that with
TU.SILVER, I front-loaded my fee and
the shipping cost into
the share price
punkman: private key being
the gps coordinates
HeySteve: a secret buried
treasure chest is a lot more secure
than a bank vault I'd say
usagi: So who's going
to hold your gold... Normally you have
to pay for such a service but here come
these nice people offering
to pay you money
to hold it for you
usagi: Especially if you're in
the wrong country at
the
time
usagi: If
the wrong people find out it's in your house,
they will come and get it from you (and
they will, and
they will get it)
usagi: Let's say you have a reasonable amount of gold, more
than a kilo say
HeySteve: the interest rate is way
too low for
the risk imo
HeySteve: not sure why anyone would go for
this, but you always get idiots
HeySteve: so it's not just
trusting
the bank, but
their counterparties
too
chetty: <usagi> actual and perceived value being completely different..//being
the root of much evil
HeySteve: on
the face of it,
the bank must relend
the gold in order
to pay
the interest
usagi: It's actually impossible
to ever redeem it. But
the banks promise
that
they will buy back
the gold you have on account with
them should you want
to sell it
usagi: They allow you
to invest in gold but
they don't actually give you
the gold.
usagi: actual and perceived value being completely different.. in
the case of
the bank
the perceived value is probably very high..
The banks around here have been doing
the same sort of
thing for years
chetty: <usagi> Like if I promise
to give you a
thousand dollars at some point in
the future,
that has value//only if your promise has value
usagi: "Investors may not hold gold in unwrought form according
to South African law;" lol
usagi: Like if I promise
to give you a
thousand dollars at some point in
the future,
that has value
usagi: Well steve,
there is a difference between zero value and positive zero
usagi: Almost every single word in
the sentence is wrong
usagi: I don't even know where
to begin with stuff like
that
usagi: "In other words, for
the first
time "holding" gold will pay a dividend (or in
this case, interest)."
HeySteve: wonder how long before some respectable financial institution (cough)
tries
this with Bitcoin
Vexual: id wager
theres more buddhists
than whatever you do
usagi: It really should have been able
to merge itself a bit more into normal culture
usagi: It's a real shame
that stuff like buddhism is regarded as esoteric
Vexual: tathagata,
the father buddah, said, "With out
thoughts, we make
thw world."
Vexual: they're going about
things all wrong
mircea_popescu: invent a condom package
that detects eager sluts, save on all
the rohypnol biz.
Vexual: invent pinky paint
that detects pure flake, winrar
Vexual: yep, you're in
the wrong place
Vexual: put your fingers in
the drink
assbot: PLOS ONE:
The Science of Style: In Fashion, Colors Should Match Only Moderately
mircea_popescu: Vexual you saying
the dorks in
the photo are moles working for
the international directorate of date rape ?
Vexual: it got swapped out earlier in
the evening
Vexual: best
trick is,
the nail polis doesn't work
mircea_popescu: "An undergraduate
team at North Carolina State University might have just revolutionized your make-up drawer.
The four students are working
to develop a"
Vexual: horse: ill watch
the cat
Vexual: theres a `walked into a bar' joke
there somewehre
Vexual: !up
trixisowned abathingape
assbot: Amazing New Invention: A Nail Polish
That Detects Date Rape Drugs
punkman: I was going for an animal
themed name
theme
punkman: thing needs more buttons less
touch screen
assbot: Maersk Gunhilde, South China Sea - South China Mall, China - 4K
Time Lapse by
Toby Smith - YouTube
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed
ticker. Default market is Bitstamp. If one of
the result options is given, returns only
that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns
ticker for
that
three-letter currency code. It is up
to you
to make sure (1 more message)
punkman: don't go hiding under
the bed now
SuchWow: i won't, and i'm not an it, but
thanks
SuchWow: nor anywhere for
that matter
SuchWow: you're not
the one +ving me
mircea_popescu: asciilifeform pity handle
turns
the entire
thing into such a sad pro-govt piece.
BingoBoingo: All
this
time you've imagined
the fault was in others curiosity about you, when
the problem is joining a channel and imagining people won't be curious
SuchWow: once you +v someone a dozen
times