70200+ entries in 0.033s
mircea_popescu: or in the immortal words of some schmuck, "nah. if i give you 50k now i'm wasting it".
mircea_popescu: FOR THE REASON that the implicit discount on its money is different.
mircea_popescu: this is because the "same" money is discounted on the basis of "in whose hands it finds itself" -- the 1 people are expected to lose most of it under couch cushions ; the 2 people are expected to take over the world with that scrawny one billion.
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: 2. small start-up, worth 1 million. analyst expected profit year end is -300k. company beats, makes 999 bn 999 million 700k.
☟︎ mircea_popescu: consider : 1. large corporation, worth 1 trillion. analyst expected profit year end is 75 billion. company beats, makes 76 billion.
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: asciilifeform your notion of money is broken in that you misunderstand its materiality.
☟︎ mircea_popescu: why shouldn't whatever spare cycles his brain has be used to improve tmsr-rsa ?
mircea_popescu: yes they buy and make some things. this is of the nature and substance of clouds.
mircea_popescu: because usd doesan't buy you anything you actually want ; and redditard can't make anything you actually want.
mircea_popescu: anyway, rolling back up this many branched loop : there is nothing to be gained by mentally denominating capital in uniform standard dosidoes, nor by mentally denominating labour in redditard.
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: yes. but that's not under dispute, the "convince them" part is. they were convinced, and it didn't even take that much in terms of machine gun chains.
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: it is very much not how they think, but it is how they speak.
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: and you further know i'm right because you're welcome to "buy" the 3 ring binder they have, not the computer you want.
mircea_popescu: and you know i'm right, because soviet distributed goods in the exact same manner, and ppl... didn't "pay" units of nothing for them. and this had no impact whatsoever.
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: asciilifeform nothing was confiscated because there was nothing THEY HAD!
mircea_popescu: the whole "inca promise is liquidated when made and therefore when not kept it is confiscation not scamming" is pretty lulzy.
mircea_popescu: your idea is very feminine, you know, "i met this crook, and he told me ia cu mustar mimisor ca face bine la ten and that he'll marry me. so i imagined myself practically married. and then he didn't marry me. so he confiscated my marriedness!"
mircea_popescu: we shall here call the ideology at time t "inca" and at t' "tmsr".
mircea_popescu: at time t (=9th grade) all girls in "community" found themselves in agreement sucking cock is gross. at time t' (=12 grade) all girls in "community" found themselves in agreement only peasant girls don't suck the cock.
mircea_popescu: the limit to the capital outflows is not the "individual" decisions of the incans lmao.
mircea_popescu: there never was. let them take the tsar's portrait to their grave and that'll be an end to that.
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 this is not an argument. so the surgeon you speak of is either inexistent or too dumb for his own good. what of it ?
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: if they wish to cease being scum, let them get off windows or w/e.
mircea_popescu: moreover, your model veers dangerously close to "sane but poor". there is no such thing as "respectable poor". the poor are scum. substantially.
mircea_popescu: consider the sad case of djb to see the great win of NOT wasting your resources.
mircea_popescu: what matters is whether there's one lord or ten assassinating usg drones etc. not random joe blow. not AT ALL.
mircea_popescu: the dollar at sub bitcent per thousand or per trillion has nothing to do with what the idiots do or what happens to the idiots.
mircea_popescu: the notion that the price of btc / the fall of constantinople / etc hjave anything to do with this is so much lulz.
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: asciilifeform less-losable btc does not float all boats, in the exact manner public school literacy doesn't float all boats ; or "Everyone learns lisp" floats all boats.
mircea_popescu: some are born to endless night, and just as many today as ever.
mircea_popescu: not that part is in contention. but that this has NEVER changed, nor ever will.
mircea_popescu: 1817 sicilians still did it as in 817 and 183 bc. traditional society, which means, they don't change THE FORMS of the stupidity. still dumb as rocks.
mircea_popescu: they exist for the above stated reason. you understand that before they had pantsuits, they had little figurines they dressed up and promenaded around town ?
mircea_popescu is entirely not against doing, but better to do with reasonable expectations.
mircea_popescu: but there is no education of the human race generally, nor any benefit in trying.
mircea_popescu: yes, sane wallet would be useful as part of baleen system to extract not-retarded individual somehow unaware/lost among the retards.
mircea_popescu: as per the ancient "i sold my shares once the soubrette i was fucking on the side started talking shares with the bootblack"
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: asciilifeform the retard does not ever do that. what the retard does is herd.
mircea_popescu: not ~ONLY~ everyone thought 1 means 2, but the same "everyone" thought i'm "arrogant" or w/e, "psychopath" for saying things like "you are not qualified"
mircea_popescu: asciilifeform well, you might not see how anyone might think, but then again you'll be stuck explaining 2012 tardstalk.
mircea_popescu: whereas retard braions leak, because that's the definition of retard, and then mpoe-pr has to pen psas about "hey, retards, you being qualified for 1 and thinking you're qualified for 2 threatens the very fucking market"
mircea_popescu: these are all different things. yes the mental bar for 1 should plateau eventually ; but this does not qualify the qualified to 2 or 3 or 4.
mircea_popescu: but there's different bars to 1. hold bitcoin ; 2. productively employ bitcoin ; 3. productively work on bitcoin code ; 4. participate in tmsr.
mircea_popescu: asciilifeform what the retard "thinks" is of no consequence in any way.
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.