log☇︎
27 entries in 0.437s
snsabot: Logged on 2019-08-14 12:08:00 asciilifeform: and in short order you get the lemon market, where 'why should i pay a cent moar, i know i will get exactly same shit as from lolmart no matter how much i pay'
asciilifeform: and in short order you get the lemon market, where 'why should i pay a cent moar, i know i will get exactly same shit as from lolmart no matter how much i pay'
asciilifeform: in usa you can walk into supposed shoe place ( http://btcbase.org/log/2018-01-11#1769002 ) and pay $maxint, and will still get ~this ( not to mention , it's a lemon market, the folx with ~money here buy decorative fucktardery with wooden soles , not actually made for walking ) ☝︎
asciilifeform: the judging does exactly 0, 'lemon market'.
asciilifeform: lemon market.
asciilifeform: lemon market is not forever, potentially.
asciilifeform: difficult to 'cover the $100k' when lemon market.
asciilifeform: observe that crypto is ~still~ the quintessential lemon market.
asciilifeform: ( why no one has ? because , elementarily , lemon market. )
a111: 16 results for "lemon market", http://btcbase.org/log-search?q=lemon%20market
ben_vulpes: !#s lemon market
asciilifeform: mircea_popescu: lemon market, there.
asciilifeform: http://btcbase.org/log/2016-10-24#1558729 << it so happens that there is a (lemon) market. ☝︎
a111: 12 results for "lemon market", http://btcbase.org/log-search?q=lemon%20market
mircea_popescu: !#s lemon market
mircea_popescu: !~lemon market
asciilifeform: not to mention that 'save you from doom' entails uncertainty and ergo lemon market, whereas 'pay me to kill x' is immediately evaluatable
mircea_popescu: these are the canonical objections to this sort of "web exchange, mutually-insured on user funds" things : that on one hand they're an algorithmic noise amplification machine with no dampener available other than the power of prayer ; and that the yessentially implement a lemon market, a sort of competition in deadbeat-ism among the users. which is why they're so popular on reddit, and nowhere else.
mircea_popescu: http://log.bitcoin-assets.com/?date=14-03-2016#1432731 << this idea seems good in theory. in practice, this is exactly never happening. easier to understand why not, is to understand why there IS something categorically preventing a market in women ; like a supermarket where you go buy one. the ones that are above average have no incentive to participate - see the discussion about lemon laws and the death spiral except ☝︎
asciilifeform: ^ this, but also that the lemon market is so dire that folks trying to actually accomplish something tend to be ~extremely~ conservative
asciilifeform: that is, the market is a lemon market, and folks tend to get recruited 95% via meatwot and the remainder via verifiable recs
asciilifeform: is that software is a lemon market.
asciilifeform: not the least reason for this is that research PER SE is now a lemon market.
asciilifeform: the solution of very expensive problems with no precedent is quite possibly a lemon market, yes.
asciilifeform: but this is the ultimate lemon market
asciilifeform: nubbins`: mildly surprised there's no market for os-free laptops of somewhat rugged construction << iirc the term of art is 'lemon market'
asciilifeform: ('lemon market' and similar phenomena)