log
38 entries in 0.406s
asciilifeform: ben_vulpes: scrap iron is turkey-dollars.
mircea_popescu: http://btcbase.org/log/2018-01-04#1763733 << consider the concept of "turkey dollars" ; http://trilema.com/2012/lets-dig-a-little-deeper-into-this-entire-deflation-problem/☝︎
asciilifeform: turned out, there ain't the turkey dollars, for even quite modest station.
BingoBoingo: Anyways the "Turkey dollars" refers to the dollars that could buy BTC
whaack: well you don't get stuck without a block, but you get 2016 very quick blocks (that the turkey dollars club must have btc to prop up) and then 12h or w/e without a block
BingoBoingo: http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/ << whaack This becomes untenable for whoever is dumping turkey dollars into propping up BCH, exactly because of the altcoin woes
a111: Logged on 2017-08-06 17:38 mircea_popescu: there's an absolute limit turkey dollars put on "tower to the moon" efforts : if you have at most 100 turkeys you can commit, printing further pictures of a turkey on paper will not help you in your effort to build the "cart driven by 101 turkeys". because the 101th physically does not exist.
mircea_popescu: there's an absolute limit turkey dollars put on "tower to the moon" efforts : if you have at most 100 turkeys you can commit, printing further pictures of a turkey on paper will not help you in your effort to build the "cart driven by 101 turkeys". because the 101th physically does not exist.
BingoBoingo: !http://btcbase.org/log-search?q=turkey+dollars
mircea_popescu: but -- turkey dollars 40k. us embassy barely scraped it together.
mircea_popescu: 40k turkey dollars buys you an ukrainian split, why the fuck would you trade it for a car.
mircea_popescu: (the link is particularly funny for the amounts. when it comes to turkey dollars, usg is really poor. 40k here, 10k there, 5k overages accounted for --- a far cry from the "we lost one trillion dollars in 100 bills that never existed" dept of war fare.)
mircea_popescu: but in any case - ethertard budget exceeded 50mn in 2016 ; and these are turkey dollars. this is more than the aggregate expenditure across all software branches in the united states in that year.
asciilifeform: the more interesting q is the rate of leakage into turkey-dollars.
mircea_popescu: if you find the time to read the log, the whole turkey dollars thing's discussed periodically. even recently re the linkedin "billion" sale.
trinque: if I had 40 billion turkey dollars and suddenly had to divest from USD denominated assets and companies that relied on consumer spending, where would I go?
a111: Logged on 2016-06-22 06:07 mircea_popescu: anyway. the lulz has cost usg more turkey dollars than mit has cost usg this year. that's an accomplishment right there, they could have made ten thousand hookers and fifty thousand "aides" happy for that money. this means 10k angry hookers and 50k passive-agressive pencildicks extra to deal with.
mircea_popescu: anyway. the lulz has cost usg more turkey dollars than mit has cost usg this year. that's an accomplishment right there, they could have made ten thousand hookers and fifty thousand "aides" happy for that money. this means 10k angry hookers and 50k passive-agressive pencildicks extra to deal with.
asciilifeform: if usg were bleeding turkey dollars, the successive iterations of altpump would lose vigour.
mircea_popescu: the "convertibility" of 1:1 turkey dollars to fiat dollars is a very expensive proposition.
mircea_popescu: but what's important here is the "turning fake dollars into turkey dolars through market destruction/replacement" mechanism.
mircea_popescu: this allows mp to turkey-ize the fake dollars, by denying a market to the usg agentura.
mircea_popescu: this is mostly turkey-izable dollars, and by the million not by the thousand.
asciilifeform: not like his boiz are spending turkey dollars in bolivia.
mircea_popescu: nevertheless, as various "open source" geniuses (ref http://btcbase.org/log/2015-09-07#1265178 ) found out on own skin, of the "26bn, $randomfigure" of paper dollars, precious few turkey-dollars actually trickle down to the "owners". black or otherwise.☝︎
mircea_popescu: asciilifeform inasmuch as he steal speaks of "its money", orlov doesn't actually get the turkey dollars thing. he earnestly thinks that there is ONE kind of usdollar, and PART of that one is "wasted". whereas the situation in the field is that there's two kinds, ands the bezzle part can only be bezzled with.
mircea_popescu: and fwiw, i doubt anyone has the money, or had, in the past century. we're talking 50bn turkey dollars here. gates can, at most, make a foundation to greenhouse little hussein bahamas out in africa.
mircea_popescu: oh, this isn't about math. this is about stem. stem costs TURKEY dollars.
ben_vulpes: la serenissima might be able to rent my oar pullers if it could convert my deficit spending to turkey-buying dollars
mircea_popescu: asciilifeform if you're wondering why the figure's so low (srsly, palantir raises 200mn, whatsap sells for 20bn ?), the reason'd be that most of this has to be actual turkey buying dollars.
asciilifeform: when even was the last time anybody gave somebody 100mn ~turkey dollars~
mircea_popescu: but the car cost ~1mn worth of turkey dollars to make.
mircea_popescu: also, seeing how InterActiveCorp ( NASDAQ: IACI ) consists of at least 10% okcupid and claims total assets of 4bn, we can estimate the value of the bezzle! if 4k worth of okcupid is perhaps 10% of the business self-valued at 4bn, then every dollar a us corporation owns is worth ~0.001 cents of actual, honest to god, turkey-buying dollars and 0.999 cents of pure bezzle.
ben_vulpes: and those refund checks are turkey-buyin-dollars
asciilifeform: all of the 'turkey-buying dollars' are to be vacuumed up.
asciilifeform was there with pet, and afterwards we had debate re: whether 'if even a few of the folks with maxint usd wanted a house like this, how many could be satisfied, ..., ..., turkey-buying dollars (tm), ..., ... .'
asciilifeform: real estate 'wealth' is the ultimate bezzle, nothing like 400,000 time the N of houses in $sector is even available as 'turkey-buying dollars'
asciilifeform: (i.e. there are probably not 5bn 'turkey-buying-capable' dollars on planet)