990400+ entries in 0.805s
Namjies: Idiots get
their hands on vast amount of money. Most often from more intelligent parents.
Those idiots also
tend
to damage
their heritage badly.
mircea_popescu: if
taxes were a reasonable 0.08% i guarantee you jessica simpson would be back
to waitressing.
mircea_popescu: sure, let's
tax 50% of society and give it out
to
the worst least worthy recipients
mircea_popescu: pigeons bonafide only because of
the current state sponsored moral hazard
bonafide: the problem is now... even
the people who aren't smart have money
mircea_popescu: that is
the very point of money :
they who have it are smarter
than you, and you should listen
to
them.
mircea_popescu: why ? cause people were busy dickingaround on facebook ? fuck
that.
bonafide: so
that he can support
the kiddies
bonafide: Namjies can self impose an 80%
tax on himself
mircea_popescu: of
the
thousands of people who saw it and hundred+
that
talked
to me about it, i got 3 submissions.
Namjies: Hmm, such a
thing would be impossible. We couldn't have a standard procedure
to determine
the desrving ones if each member of
the society wanted
that
they personally approve of said person.
mircea_popescu: a fine example : i made a contest on my blog, for peopel
to write fiction. reward was 5btc minimum + up
to 100
mircea_popescu: but don't assume he is for me and expect i give you
the money.
Namjies: Yes, but
the 6 year old has no means
to pay
the costs of his education, even if he was a potent individual and was willing
to.
mircea_popescu: good is not unrelated, randomly occuring, fallen from
the sky
Namjies: I don't see why we should exclude good individuals on behalf
their parents are retarded/bad.
Namjies: Right... so instead of helping
the kid into society, exclude it because his parent sucks and don't care.
bonafide: instead of weeding out
the idiots, now we encourage
them
to strive
bonafide: mircea_popescu: exactly... survival of
the fittest
mircea_popescu: not
the govt job. if rich people want
to pay for
their education let
them
Namjies: I can hardly see how I can expect a 5 year old kid
to pay his first year of primary school.
The whole costs...
smickles: I
think
that means homeschooling
Namjies: So what? If
they can't afford it, don't educate
them?
bonafide: Namjies:
the problem is... some people just dont want
to learn
mircea_popescu: Namjies no.
this devalues education for everyone else.
smickles: in
that spirit, who want's
to lend me 10000 btc?
mircea_popescu: i was ranting about how
the eurozone is not good enough for romania
to join earlier.
Namjies: Regardless, I'd feel better off if even
the worst individuals would still get
that education.
They're already bad enough with it.
bonafide: think Germany gave
them
the money
mircea_popescu: anyway.
that aside health i can see as a function of govt, in many cases. mostly
trauma.
smickles: hey, did greece recently issue a fuckload of bonds,
then buy
them all back at 30% par?
bonafide: me, living in
the US... I see people using depression as a scapegoat
mircea_popescu: problem with it being soft on kids is
tghat
there's nothing
they can accomplish anymore.
mircea_popescu: Namjies well, we're discussing principle. impossible
to attack with anecdote.
bonafide: giving awards
to make kids feel included
Namjies: Hmm...
that sounds somewhat cliche. I don't see many people acting
that way. I might be blind
tho.
bonafide: I'm so sick and
tired of
this self esteem crap
mircea_popescu: where
they imagine
they're
the king of
the world for
the first 2-3 decades and
then discover
they really have no value.
mircea_popescu: and in general, kids must know
they're worthless at a much earlier age
than
the current system
mircea_popescu: kid must know
that if he's kicked out of school
that means prison, digging ditches or sucking cock
bonafide: you create one social net and
then before you know it.. it's like
the aids virus
mircea_popescu: if going
to school was an exception, and his only chance out of
the slum and something he'd work hard for, it'd be different.
bonafide: appropriations are never given where
they're given
mircea_popescu: because
they don't risk anything. goes
to school, doesn't learn, no big deal
Namjies: How does free education creates
those disrespectful assholes?
mircea_popescu: i would rather have millions of smart kids die iliterate
than billions of idiot kids
think it's ok
to give
their opinions when adults
talk.
bonafide: but
the
teacher unions are ridic
bonafide: I agree education needs
to spending
smickles: Namjies: is socialism divisible/severable like
that?
mircea_popescu: Namjies
the problem with education paid for by other people is
that it creates
the disrespectful assholes we see
today.
Namjies: I'm not really against socialism... at least not for
the health/education part. Probably
the only
thing I approve spending for is education/health. I would not mind helping others for
that. Money handouts however...
mircea_popescu: remarkable what small % of moving funds are mtgox
trades
bonafide: if he's so sure
that
the site is money laundering scam ran my criminals... why did he attempt
to use it in
the first place
bonafide: that
this guy is bitching about
bonafide: a friday rally of eur/jpy
to 112 would be phenom
bonafide: even remotely
think socialism is good
bonafide: how does someone who goes
to college
bonafide: yea..
that's fucking
the scariest part
mircea_popescu: cme are such idiots. who
told
them e-micro can be 1/10 standard
mircea_popescu: for
the record, iso name for btc would prolly be xbt or something
bonafide: provigil should be given
to everyone
mircea_popescu: smickles : you should post
this novel sorcery as a comment in
the futures post
smickles: so i should sell about a
third of a contract at say 03400000 satoshi
smickles: that's
the current fair pps right now, correct?
smickles: 25*[shares]/[current diff]
then
smickles: mircea_popescu: it's simple arbitrage, sell
the future, "buy"
the shares
smickles: they should sell at a price which is a little above
the current diff
smickles: also, any miner large enough should be selling an amount of
those xdiffs equal
to
the number 2([easiest shares per minute]*[minutes untill settlement])
smickles: Whitney
Tilson < mircea_popescu
smickles: i'd be like
that one guy and netflix or soemthing
smickles: I'd like
to short it, but i dunno
gribble: BTCUSD
ticker | Best bid: 13.74690, Best ask: 13.74691, Bid-ask spread: 0.00001, Last
trade: 13.74690, 24 hour volume: 22405.29779859, 24 hour low: 13.46777, 24 hour high: 13.80000, 24 hour vwap: 13.69301
☟︎ smickles: really?
there's a case
to hear?