mircea_popescu: and also the abundance of time it generously provides.

mircea_popescu: easy to stack games, especially when you have the excuse of material scarcity the prison offers

mircea_popescu: he has a point in that i suspect it's perhaps the easiest way to explain to the layman in laymen terms what exactly is the difference separating "me" or "us" from "them". teh fuffle readily makes sense or not at all.

mircea_popescu: yeah, this article should be linked more often.

mircea_popescu: (Perhaps this psychological mechanism accounts for the fact the Anglo-Saxon tribe still has the vestigial word but no longer remembers its meaning.)

mircea_popescu: i mean, 1k tons, 1bn grams

mircea_popescu: russia does not hold 1bn tons

mircea_popescu: isarescu squirreled away ~127 tons of the stuff, and that's >6 grams per capita.

mircea_popescu: "It seems that the Russians are better-equipped to survive financial collapse than just about anyone else. They have formidable reserves of gold and foreign currency to soften the downward slide. " << actually, the romanians have more.

mircea_popescu: yeah, i think i read this before

mircea_popescu: it's not the language tho. it's the minds. language is but a cloth.

mircea_popescu: then i follow your link, and what do i see ? "In the unfolding global financial collapse, it is not just our accounts and balance sheets that come up short, but our language as well."

mircea_popescu: lmao! re your club orlov : i was persuaded to add a disclaimer to my article, which reads "but before you run to the interpretative races be advised that the “money” sybol is used correctly in its proper sense, rather than in what mistaken cvasi-definition you might have intuited for yourself, and this use colors the meaning of “time” too."

mircea_popescu: you mean the girl on the porn set ?

mircea_popescu: http://trilema.com/2013/the-stuple/ << the treatment.

mircea_popescu: hence why it took a \while for fuelbombs

mircea_popescu: way to turn "more" into definitely less, as it were.

mircea_popescu: but then i'm the guy worth a billion dollars, and if you add their loot all together, you don't get a billion.

mircea_popescu: the irony here being that if you take the list of 100+ scammers they - each and every one of them - were at some point "bigger than me", in a particular "media's eye" view of the table.

mircea_popescu: well equally so for S, he's also doomed being part of that nonsense.

mircea_popescu: there we go, i'm happy with this model. it's a tuple.

mircea_popescu: the union becomes pernicious in that s's capital could be useful irrespective of him, but S's mental issues lock s out.

mircea_popescu: and that's what the scammer can't, fundamentally, have.

mircea_popescu: capital can be good. minutious attention to irrelevant detail can also be good. both need a lot of central thinking to actualise their potential utility,

mircea_popescu: the sad part of this otherwise heroic arrangement is, however, that it STILL doesn't work.

mircea_popescu: s naturally tries to use his relative advantage to defeat a problem, S equally so. together, they make a team. the alleged "theft" is nothing of the kind, teams reallocate resources all the time on common convention, which is hwat's happening here too.

mircea_popescu: he is then stuck, but also unable to admit this to himself.

mircea_popescu: for whatever reason, such as having a bad attitude to authority coupled with a duplicitous nature, he has managed to both escape re-education and avoid actually putting his mind to useful purpose.

mircea_popescu: the scammer, let him be known as S, has been doing nothing but contemplating, the minutious detail that is otherwise irrelevant.

mircea_popescu: so basically the sucker's life is this escalating avalanche of unpaid time debts which he keeps extending and extending for more and more ridiculous interest.

mircea_popescu: and as a result learning fa for him is "learn all calculus from fractions onward", which is easily months of HIS time (it'd be a lot less time for someone a lot more literate, because of the way economies of scale work in matters of the mind. however, this is not him)

mircea_popescu: which he mostly didn't have the time t odo because in junior high he didn't have the time to properly consider fractions,

mircea_popescu: the sucker, let him be known as s, is in a rush. he has not the time to completely consider things, and this is built on a lengthy historical tradition of the same : he also "did not have the time" to properly consider functional analysis in highschool,

mircea_popescu: but let me expound on the capital/time stupud tuple.

mircea_popescu: asciilifeform the farmer is lamenting that the deer lays dead, no more.

mircea_popescu: in the end scammer and scamee make a tuple.

mircea_popescu: they're time-stupid rather than capital-stupid.

mircea_popescu: asciilifeform this is an exceedingly difficult proposition. my current belief is that mostly they're stupid in a different way.

mircea_popescu: Duffer1 you recall the guy a day or two ago with the "200% is 200% no matter how you cut it" ?

mircea_popescu: this is experimentally true.

mircea_popescu: does a guy in a pink hat appear to be a pimp ?

mircea_popescu: understand, thinking is not a crime. not thinking however is. you can't just gloss over stuff.

mircea_popescu: this is the hardest job in all of banking, credit officer.

mircea_popescu: this is the topic of expertise. man walks into a bank, appears to intend to start a business. hoiw do you decide if you finance him ?

mircea_popescu: there is nothing more deceiving than appearance. how do you judge ?

mircea_popescu: Duffer1 what makes you think you are qualified to judge whether this is the case ?

mircea_popescu: in the end it's just a blank stare with a "wat"

mircea_popescu: incidentally, i think this may well be why otherwise intelligent people decide bitcoin is beyond stupid. they probably go through this intellectual cycle, "o, let's examine the data re this thing. what's intel got ? o wait, what ? you say what ? did what ? what ?"

mircea_popescu: asciilifeform no, you're right, i've just gone through five minutes of disbelief. i'm fine now.

mircea_popescu: that's the news. this is how people think the reports of an it project look.

mircea_popescu: 13/12/13 ; Sadly the beta release we wanted will be delayed by a week or so, more details in the newsletter ; 27/11/13 We have the gui wireframes back from designers..

mircea_popescu: 24/12/13 Countdown reset due to delays, mailshot has copies of screenshots...merry xmas all

mircea_popescu: asciilifeform NOT when barnum thinks he's carnegie and his visitors think they're there spinning the world.

mircea_popescu: "Ciphertrade is a fantastic new service that will change the way you work"Ciphertrade is a fantastic new service that will change the way you work.". does that "fantastic" only sound krameresque to me ?

mircea_popescu: endgame is at least 20 years away. the fuck im gonna do, that's my youth.

mircea_popescu: asciilifeform no because they keep making doges.

mircea_popescu: http://en.wikipedia.org/wiki/Kate_Craig-Wood << check out self-shipping wiki. arguably taaki's is better because at least he's original in his stupidity.

mircea_popescu: it has to be a mental disease. no other way to explain this.

mircea_popescu: teh leading british entrepreneur that was born last june and did a... leading green it company.

mircea_popescu: no other way to put is.

mircea_popescu: you people have what's technically known as a death wish.

mircea_popescu: bwahaha what do my eyes read. so some nut with a ltc denominated pnb is "making an exchange" and that's where the noobdom is all excited to go ?