asciilifeform: mircea_popescu: no matter how you cut it, however, i dun have a battery that will power a keygeneratory-capable comp for a month. and neither does anybody else.
asciilifeform: afaik markets want actual-usd, not chargebacktronium
asciilifeform: yes but who wants to trade bitcoin for these
asciilifeform: upstack : i suspect that the situation re 'borrow mortgage and run away into btc' is entirely similar to old su 'run into dollars'. many (most?) would have nodded to 'sell motherland', 'but nobody's buying her!'
asciilifeform: same failure mode tho -- you go around pirateing, yarrrr, and storing treasure in btc, but in the end it turns out you were privateering for inca
asciilifeform: now say they instead had produced, and thinking it were theirs ('charging btc battery'). and then -- inca gets it.
asciilifeform: let's briefly revisit ye olde su, which afaik was largely nailed by folx ~not producing~, rather than spiriting $goodies away overseas
asciilifeform: mircea_popescu: 'better position' i admit is a poor phrasing. moar of 'give arsonist 10x the petrol'
asciilifeform: mircea_popescu: the 'stalingrad' hypothesis was not re 'germany wins' but rather 'prolongs the agony' -- could have easily finished wrecking the not-yet-wrecked half of europe, say.
asciilifeform: serious problem in the original germany : scarce and cruddy fuel , from fischer-tropsch ( which they only even had to begin with because of those 60.. )
asciilifeform: mircea_popescu: afaik this is only dampered today by the lack of folx willing to part with btc
asciilifeform: in ye olde su this was accomplished somewhat differently -- by physically cutting apart the, e.g., laboratory where you worked, and selling to faceless bagmen who carried it abroad
asciilifeform: ( i.e. if 'lafond's mother' could cash in, even at a loss, the house into non-usgolade )
asciilifeform: if ~anyone actually wanted usd enough to pay bitcoin for it en masse, even nickel-on-the-dollar's worth, usg would evaporate in a week.
asciilifeform: it's the sure siphon by which it can be drained dry.
asciilifeform: re the confiscation : welfaristans fear sham-indigence like elephant fears mice