log
19 entries in 0.573s
asciilifeform: kgb -- for n00bs -- was ~100% staffed with folx who pissed on whatever oaths, principles, and wanted to proceed asap with converting their keys-to-the-shop into hereditary 'property right' .
asciilifeform: mp_en_viaje: http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-251.0-261.55 i think is it
a111: Logged on 2019-06-25 15:05 asciilifeform: http://btcbase.org/log/2019-06-25#1919917 << >> http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-251.0-261.55 .
asciilifeform: http://btcbase.org/log/2019-06-25#1919917 << >> http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-251.0-261.55 . ☝︎☟︎
mp_en_viaje: whaack, in summary, it's application of http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/ ; "if you're not rich, pretending to be agent of imperial morons so as to separate them from their earthly goods is time-honored strategy"
asciilifeform: mp_en_viaje had a piece re the futility.
mp_en_viaje: the whole "i just want to" item is just an artefact of this same problem ; examtaking is just a manifestation of the same behaviour. the principal-agent problem is the same damned thing. the brokenness of domestic arrangements in the us flow from the very simple "it
asciilifeform: moar http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-205.1-217.110
asciilifeform: i'd guess it was a case of http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-131.79-131.97 , some ameri-monkey was in a position to take the 3.2B in paper in exch for whatever crater, and did
a111: 8 results for "principal agent", http://btcbase.org/log-search?q=principal%20agent
asciilifeform: !#s principal agent
mircea_popescu: like the celebrated case of http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-131.79-131.97
asciilifeform: pretty much whole of su brass 'strategy' from ~1985, was http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#selection-231.0-243.1 .
mircea_popescu: just how much of an agent to make the principal in the principal-agent relationship is the problem. because obviously if the principal were an actual agent there'd be no agents.
mircea_popescu: douchebag, it doesn't pay for companies to actually care about their security, because of the principal-agent problem and the easy exit "nobody could have predicted" offers.
mircea_popescu: at issue is the resumption of a redeemable currency in fact, through payments in specie, supported by new york alone and firmly opposed by our good friends in http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/#footnote_9_77193 (ie, 2nd national bank and the wide array of western and southern banks dependent upon it. because guess who brought you slavery in the sense of financing it ? oh yeah, the re
deedbot: http://trilema.com/2018/the-principal-agent-problem-or-how-america-went-away/ << Trilema - The principal-agent problem, or how America went away
mircea_popescu: but the point remains -- it very much matters whose principal thje agent is.
mircea_popescu: http://btcbase.org/log/2017-07-22#1688906 << the classification of agent depends on the classification of principal he agents for. ☝︎