750000+ entries in 0.468s
mircea_popescu: at any
time
there will exist a quantity of
theft, q. at any
time
there will also exist a minimal quantity of
theft, mq, such
that it is more productive for
the young
to work at commerce and industry
to acquire wealth
mircea_popescu: whereas by workings of biology will (in all its forms) concentrates with
the young.
mircea_popescu: by workings of
thermodynamics wealth (in all its forms) concentrates with
the old
mircea_popescu: society at all
times opposes youthful monkeys with aged monkeys.
these desire
to control
the female monkeys, and all
the stuff related
to
this, from cars
to stockings. including
their means of production and so on, all
the way
to legislation (which monkey may shave her cunt and show up in garters ? mine or yours ? )
mircea_popescu: anyway, i can readily offer a way in which systematic pilfering is essential
to commerce and industry.
☟︎ decimation: well, he should stop
trying
to make gay navies and start by re-writing
the bitcoin client with a real spec
mircea_popescu: sorta same problem as
the average gold bug, except his is more refined.
decimation: "Every nonneutral dilution can be defined as
the combination of a neutral redenomination and a nonneutral redistribution. And
this is why dilutionists are quacks. Dilutionists are quacks because it is impossible
to imagine a way in which
the systematic pilfering of wallets could somehow be essential
to commerce and industry."
decimation: "My
test is
that a real economist is an economist who believes
that any quantity of money is adequate. A quack economist is an economist who believes
that increasing prosperity - or even continuing prosperity - demands a continuously increasing quantity of money."
decimation: I suppose
that is
troublesome for some...
decimation: "Part of
the
trouble so far has been nailing down exactly what Bitcoin is. "
mircea_popescu: engadget figures
the way
to do reporting is putting 6 links in
two paragraphs, all leading
to engadget.com
ozbot: SEC investigation of Bitcoin-based stock sale could lead
to broader regulation
mircea_popescu: there's a diff eeprom for
the symetric key,
these are physically separate for reasons etc
decimation: okay
that was my question. I suspected as much, but I was
thinking about possible scenarios
today and it occured
to me
that such a precaution would be wise
mircea_popescu: and other features generally make it improbable a key will be lost. but
this level of specific detail is
to be you know, put up once
the product actually goes for order
mircea_popescu: anyway, decimation :
there will be a single key storage eeprom, but
the key itself is written quite redundantly on it,
Duffer1: imo asking questions is usually better
than
the alternative
decimation: ah,
that answers my question, it seems
that
there will be a single key storage EEprom
ozbot: S.NSA pe
Trilema - Un blog de Mircea Popescu.
decimation: is
there a preliminary block diagram available?
decimation: it would be sad
to have some bitrot render it unusable (or in an uncertain state)
decimation: asciilifeform I had a question about Cardano. I assume
that measures have been
taken
to prevent loss of
the private key in
the case of
the failure of a flash chip or bits
thereof?
decimation: reading most US newspapers would lead one
to
think
that
the US military just shows up somewhere without any baggage
train
decimation: There are all kinds of logisitical arrangements with "allies" of various kinds which are never mentioned in
the US media
mircea_popescu: (incidentally... without mihail kogalniceanu
the afghanistan retreat isn't even all
that possible)
decimation: so you are going
to have State vs. Defense
mircea_popescu: you mean
the only country which has a military base which allows
the us some sort of semblance of relevancy in
the black sea ?
decimation: well, ultimately
that's
the outcome, right?
Duffer1: but
terrsm and MONEY LAUNDERING OMG
decimation: I don't
think bitcoin rises high enough on
the foreign policy hopper
to pressure Romania
decimation: you didn't go
to
the hearing at 9am on
Thursday? You could have had your say.
That's democracy!
decimation: "agencies will have
to have a public comment period before
they grant
themselves extraconstitutional authority over a matter"
mircea_popescu: "hello sir, we're mailmen. please step out of
the car"
mircea_popescu: more likely future, people will start being arrested by
the cable company over
there.
decimation: perhaps you can steer one or
two
to
the real lede here -
the writ under which USG agencies operate, and
the apparently unlimited self-extension of
the same
mircea_popescu: it's really shocking
to me
that i have
to explain
the basics of law
to people writing news o.O
decimation: these journos will make for amusing reading on
the log
mircea_popescu: LordPutin: what ilearned from
thiswhole
trendon shavers deposition is
that youneed
to have a good online username like "mymothersasshole" or something...."So you spoke with my mothers asshole on
the 10th of Jan last year, is
thatcorrect?" << lol
mircea_popescu: kakobrekla seriously, "september 11
TYPE OF EVENTS" << yeah, it's a
term of art :D
mircea_popescu: perhaps not as often as is
the case in romania, but definitely a lot more often
than is
the case in russia or w/e
mircea_popescu: asciilifeform you know, such
things happen. contrary
to what
the general public perceives of
the government, it does
tell itself
to go pack sand all
the
time.
g_forcewinds: If I see any commissioners when Im up at 3am ill be sure
to ask
them ;-)
g_forcewinds: I'd love
to chat further but at
the moment I must run. I'm at work and have stories
to write. Hope
to chat again soon.
mircea_popescu: go hunt down
the comissioners and ask
them pointed q's about exactly
this.
mircea_popescu: well ok, but
that'd have been a prime spot
to crack
the story you know ?
mircea_popescu: as far as i know
this matter has been discussed in
their comission already, and
they're working
towards a decision
☟︎ g_forcewinds: that doesnt speed up
their own determination
though
mircea_popescu: g_forcewinds well, yes, but
they do have
the help of
the fed and gao already making similar determinations.
mircea_popescu: there's a lot of difference between
trading oranges and
trading monopoly money.
g_forcewinds: my impossible i meant
that it
takes a long
time for
the SEC
to make a determination like whether
they are going
to regulate. I could be wrong, but I
think a public comment period is required
mircea_popescu: asciilifeform
there's a major difference
there
too.
the grain case (and
the oranges cove case which is used
to
teach kids about
the sec) all discuss actual items of value.
g_forcewinds: Thanks for clarifying your perspective Mircea. I'll be sure
to reach out if I you end up in a story again. What's
the best way
to get in
touch? FYI I work at night
mircea_popescu: that aside : what makes you judge we're
talking about "A bunch of impossible" ?
ozbot: The reasons why Bitcoin securities can’t be regulated by
the SEC pe
Trilema - Un blog de Mircea Po
mircea_popescu: that "and" doesn't work. i didn't question anything, i asked
them
the
traditional quo warranto.
g_forcewinds: but you did question
their authority
to ask for
those documents etc and asked
them
to show what legal basis
they h ad for doing so, yes?
mircea_popescu: either way, i'm not denying or arguing or anything else. someone calls you on
the phone, you ask "who is
this"
mircea_popescu: i wouldn't presume
to
tell
them how
to be authoritative, i imagine
they have lawyers
that can sort it out.
mircea_popescu: i indicated
to
them
that
they have
to make
this choice, and how
to go about being friends.
mircea_popescu: the sec couldn't decide if it wants
to be friends or it wants
to be an authority.
g_forcewinds: so how you would characterize your email exchange with
the SEC?
mircea_popescu: it works
the other way around : i don't argue
the negative,
they make
the statements
that establish
the positive.
mircea_popescu: that's not how laws work. i don't declare
that i broke no laws, and i don't contest
the authority of some random person making demands.
ninjashogun: g_forcewinds, not really. Like if you say, "Hi, could you
tell me what I'm being arrested for" it's not
the same as saying "I'm disputing
this arrets, you're detaining me unlawfully!"
mircea_popescu: well actually, it's a fundamental issue of law which somehow seems lost on
the journalistic profession