Forum logs for 03 Aug 2015
Sunday, 24 November, Year 11 d.Tr. | Author: Mircea Popescu
| assbot | [MPEX] [S.MPOE] 88950 @ 0.00050361 = 44.7961 BTC [-] {7} | [00:11] |
| assbot | [MPEX] [S.MPOE] 39400 @ 0.00050271 = 19.8068 BTC [-] | [00:24] |
| assbot | [MPEX] [S.MPOE] 24050 @ 0.00051505 = 12.387 BTC [+] {3} | [00:29] |
| * | TheNewDeal (~TheNewDea@c-73-37-184-29.hsd1.mn.comcast.net) has joined #bitcoin-assets | [00:40] |
| * | TheNewDeal has quit (Client Quit) | [00:40] |
| assbot | [MPEX] [S.MPOE] 20600 @ 0.00051755 = 10.6615 BTC [+] | [00:43] |
| decimation | heh apparently the avro vulcan (famous uk nuke bomber) was based on german swept-wing research | [00:49] |
| * | Now talking on #bitcoin-assets | [21:08] |
| * | Topic for #bitcoin-assets is: http://bitcoin-assets.com || http://log.bitcoin-assets.com || http://bash.bitcoin-assets.com || http://blogs.bitcoin-assets.com | [21:08] |
| * | Topic for #bitcoin-assets set by kakobrekla!~kako@unaffiliated/kakobrekla at Wed Mar 5 16:58:12 2014 | [21:08] |
| -assbot- | Welcome to #bitcoin-assets. To get voice (ie, to be able to speak), send me "!up" in a private message to get an OTP. You must have a sufficient WoT rating. If you do not have a WoT account or sufficient rating, try politely asking one of the voiced people for a temporary voice. | [21:08] |
| * | assbot gives voice to mircea_popescu | [21:09] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1222933 << what do you want, names and fb pics ? | [21:12] |
| assbot | Logged on 03-08-2015 02:08:02; asciilifeform: what layer. | [21:12] |
| shinohai | wb mircea_popescu, when you have time I need a eulora pass | [21:14] |
| mircea_popescu | alrighjty, one second | [21:14] |
| shinohai | kk | [21:14] |
| scoopbot_revived | Prophylaxis http://trilema.com/2015/prophylaxis/ | [21:20] |
| mircea_popescu | shinohai http://dpaste.com/0R58Y1F | [21:21] |
| assbot | dpaste: 0R58Y1F ... ( http://bit.ly/1N5OSbH ) | [21:21] |
| mircea_popescu | ima be in the game in half hour give you some noob items to get started. | [21:21] |
| assbot | [MPEX] [S.MPOE] 11600 @ 0.00053745 = 6.2344 BTC [-] {2} | [21:22] |
| shinohai | sweet thx | [21:22] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1222990 << dawg what are you talkin about ?! THAT is the reason. | [21:23] |
| assbot | Logged on 03-08-2015 08:39:38; jurov: only so that their balance sheet look right | [21:23] |
| mircea_popescu | it is the only conceivable reason and absolutely utterly sufficient. | [21:23] |
| mircea_popescu | if the natl bank balance sheet doesn't look right, everyone can go bite a steel girder. | [21:24] |
| mircea_popescu | and chew on it, happily, until such a time the balance sheet looks right. | [21:24] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223002 << the scam bitcoin the power rangers are pushing is known-broken, in that it can't actually verify the bitcoin blockchain. | [21:26] |
| assbot | Logged on 03-08-2015 09:02:58; cazalla: anyone know what is going on here? http://dpaste.com/2HMWH8Z.txt i get stuck at block 367896, tried copying over to another pc and same deal, hits block 367896 and shits itself and spews please update messages (which i even tried over the weekend for shits and giggles with their 0.11 bitcoin core client but it crashes with core dumps or some shit, can't even go from genesis to current block | [21:26] |
| mircea_popescu | why exactly your thing is stuck is unclear. you can either build stator and use the same blk stuff, which will work ; or else wipe them and start over from one of the foundation nodes, which will also work. | [21:27] |
| mircea_popescu | the latter is guaranteed to take a while. the former may take even longer depending on how familiar you are with mashing computers into shape. | [21:27] |
| * | mike_c (~mike_c@unaffiliated/mike-c/x-9105598) has joined #bitcoin-assets | [21:28] |
| * | assbot gives voice to mike_c | [21:28] |
| mircea_popescu | "In November, thieves stole $1 billion from Moldova’s three biggest banks through a series of fraudulent loans and transfers. Moldova, sandwiched between Romania and Ukraine, is the poorest country in Europe; the theft amounted to more than an eighth of GDP. It has set in train a series of events that will leave the government unable to pay salaries by the end of the summer, according to the recently departed finance | [21:29] |
| mircea_popescu | minister." | [21:29] |
| mircea_popescu | bwahahaha | [21:29] |
| mircea_popescu | "thieves". the moldovan equivalents of the ukrainian oligarchs just ran off with the loot. | [21:30] |
| mircea_popescu | rather than risk it. | [21:30] |
| shinohai | Hmmm. i think I have incorrect video drivers, but pass works, thanks | [21:30] |
| mircea_popescu | what'sthe symptoms ? | [21:32] |
| * | assbot gives voice to thestringpuller | [21:33] |
| shinohai | ./eu.sh: line 3: 12524 Segmentation fault ./euclient | [21:33] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223048 << word. | [21:33] |
| assbot | Logged on 03-08-2015 09:53:03; BingoBoingo: Well MS is probably going the Google/Android route. Less revenue from selling to users and more from selling the users. | [21:33] |
| mircea_popescu | shinohai ah, just try again | [21:34] |
| shinohai | kk | [21:34] |
| mircea_popescu | the client's pretty shitty, it has at least two race conditions in it that yield that . | [21:34] |
| * | assbot gives voice to williamdunne | [21:35] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223061 << i kinda have grown to like the self-absorbed srs this type of schmucks radiate every time they get fucked. | [21:35] |
| assbot | Logged on 03-08-2015 10:41:17; punkman: http://www.theregister.co.uk/2015/07/31/incident_managers_pagerduty_pwned/ | [21:35] |
| mircea_popescu | "oh we r rly srs security bidniss". | [21:35] |
| mircea_popescu | reminds me of "Bitcoin Security Group" lolz. | [21:35] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223127 << most for inertia, some for lolz. | [21:37] |
| assbot | Logged on 03-08-2015 14:06:53; asciilifeform: http://log.bitcoin-assets.com/?date=03-08-2015#1223002 << at this point i gotta ask, why are any of you still using the phoundation turd for anything | [21:37] |
| * | williamdunne would be interested in seeing Eurola corporations, with EEX to go with it | [21:37] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223129 << that didn't really happen and also some researchers published their research about it first but it wasn't published nor was it correct etc. | [21:38] |
| assbot | Logged on 03-08-2015 14:09:25; asciilifeform: http://log.bitcoin-assets.com/?date=03-08-2015#1223046 << if 'nsakey' didn't make folks quit Running Moar Winblowz, why would the win10 keylogger ? | [21:38] |
| mircea_popescu | williamdunne prolly gonna happen | [21:38] |
| williamdunne | At what point does it stop being considered a game for legal reasons? | [21:39] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223140 << but it is. | [21:40] |
| assbot | Logged on 03-08-2015 14:15:41; kakobrekla: intellectual class. < how is this not the bezzle | [21:40] |
| mircea_popescu | williamdunne i eat the world, the world doesn't eat me. | [21:40] |
| mircea_popescu | "legal reasons" stop being considered anything but a game. | [21:40] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223149 << for the record, mp's node found a new suspicious block at 365009, will be sitting there a bit. | [21:42] |
| assbot | Logged on 03-08-2015 14:19:14; shinohai: got 'em, and yeah i have only been syncing against mp's node | [21:42] |
| williamdunne | Wasn't insinuating that legal issues would ever be an issue for Eurola. It's more that it'd be interesting to see how a regulatory body would handle an in-game stock exchange that trades companies that perform actual economic activity | [21:42] |
| mircea_popescu | more interesting is how the in-game world would handle the "regulatory body", imo | [21:43] |
| mircea_popescu | i really don't give a shit for the other side of the coin | [21:43] |
| assbot | [MPEX] [S.MPOE] 7781 @ 0.00053328 = 4.1495 BTC [+] {3} | [21:44] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223175 << and he's among the better ones. a dollar a day is really above the work value of most people. | [21:44] |
| assbot | Logged on 03-08-2015 15:18:53; punkman: "I'm also on fiverr.com now, a site where you can offer any service for $5 a pop. I offer things like mini websites, setting up cloud servers, and many other tech jobs. The reality is my expertise is barely even worth $5 in today's market, so I frequently take on multi-hour horror projects on fiverr just to make four bucks (they take $1 commission)" | [21:44] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223188 << he's the us putin. his fault when any public employee fucks up anything. | [21:45] |
| assbot | Logged on 03-08-2015 16:01:15; jurov: what has obama to do with it? | [21:45] |
| assbot | [MPEX] [S.MPOE] 5950 @ 0.00054806 = 3.261 BTC [+] | [21:47] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223204 << this is not actually true. i have had slavegirls make a living off those things, as a learning exercise. disciplined work ethic earns a very decent living, and forever will. the problem is that for most white adolescents/young adults, that work ethic has to be supported with daily beatings for the first quarter at least. | [21:48] |
| assbot | Logged on 03-08-2015 16:57:18; ascii_field: 'As a final station, I'd like to describe what online freelancer markets look like for people like me. On freelancer.com and oDesk, you compete with hundreds of lowest-wage programmers from third world countries for exceedingly crappy "projects". It's an unmitigated race to the bottom. Even if I could land these jobs in an environment where the competition basically works for free, there | [21:48] |
| mircea_popescu | so, no. | [21:48] |
| mircea_popescu | he's just being a passive-agressive, self-entitled, delusional western schmuck. | [21:48] |
| mircea_popescu | let him sign up for myfreecams and do anal until there's blood on the fucking dildos. | [21:49] |
| mircea_popescu | then he gets the question again, see if the answer's changed any. | [21:49] |
| mircea_popescu | and no, i wouldn't buy him the sandpaper to grind down his glans penis with. | [21:50] |
| mircea_popescu | let him fucking beg for it. | [21:50] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223213 << iirc you got a bitcoin for running the windows compiler, and didn't even get pushed to do the os/x or die. my memory betrayin' me or something ? | [21:51] |
| assbot | Logged on 03-08-2015 17:00:46; jurov: i will be paid *if* i someday make sense of eulora spaghetti client | [21:51] |
| danielpbarron | http://log.bitcoin-assets.com/?date=04-08-2015#1223440 << stuff in Eulora *is* actual economic activity | [21:54] |
| assbot | Logged on 04-08-2015 00:42:57; williamdunne: Wasn't insinuating that legal issues would ever be an issue for Eurola. It's more that it'd be interesting to see how a regulatory body would handle an in-game stock exchange that trades companies that perform actual economic activity | [21:54] |
| williamdunne | danielpbarron: m'point | [21:54] |
| assbot | [MPEX] [S.MPOE] 12900 @ 0.00051944 = 6.7008 BTC [-] {2} | [21:54] |
| assbot | [MPEX] [S.MPOE] 14100 @ 0.00051944 = 7.3241 BTC [-] {2} | [22:06] |
| BingoBoingo | Can't tell if real or fake https://www.reddit.com/r/Bitcoin/comments/3fottn/cointelegraphcom_is_shutting_down_cutting_all/ | [22:08] |
| assbot | CoinTelegraph.com is shutting down, cutting all non-writer salary to zero.... : Bitcoin ... ( http://bit.ly/1SENu6Y ) | [22:08] |
| * | broz has quit (Remote host closed the connection) | [22:19] |
| * | mike_c has quit (Ping timeout: 246 seconds) | [22:26] |
| * | btcdrak has quit (Quit: Connection closed for inactivity) | [22:30] |
| danielpbarron | lol i met one of their authors | [22:31] |
| danielpbarron | at porcfest | [22:31] |
| danielpbarron | told her she should write for qntra instead | [22:31] |
| assbot | [MPEX] [S.MPOE] 12400 @ 0.00054805 = 6.7958 BTC [+] {2} | [22:32] |
| BingoBoingo | And her reaction? | [22:32] |
| mircea_popescu | BingoBoingo well... hm. | [22:34] |
| mircea_popescu | they were paying salaries ?! | [22:34] |
| mircea_popescu | July’s advertising revenue was 3,700 USD, therefore the budget allocated for content for August will be 3,700 USD. | [22:35] |
| mircea_popescu | bnwbahahahaa wut | [22:35] |
| BingoBoingo | Since scoopy seems to be dragging ass http://qntra.net/2015/08/os-x-flaw-in-the-wild-abuses-error-logging-function-to-edit-sudoers/ | [22:36] |
| assbot | OS X Flaw in the Wild Abuses Error Logging Function to Edit sudoers | Qntra ... ( http://bit.ly/1SET9Kh ) | [22:36] |
| mircea_popescu | isthis from something-ads paying 0.01 btc sort-of ? | [22:36] |
| BingoBoingo | It's probably fiat from fiat scammers wanting "exposure" at any price | [22:36] |
| danielpbarron | BingoBoingo, she was polite but not enthusiastic about the proposal | [22:36] |
| BingoBoingo | Eh, her loss | [22:36] |
| mircea_popescu | "In spit of these events, we hope that CT will be able to continue pursuing its strategic of increasing it’s market share and become the one-stop news source for the crypto-community. We wish you to remain strong in spirit and for a quick market recovery." << i suppose the tie-in is something like "small blocks made our shit blog ad revenue shrink in an imaginary market that doesn't exist but we hallucinated into bei | [22:37] |
| mircea_popescu | ng anyweay" | [22:37] |
| mircea_popescu | it'd be great if they pursued their "strategic" of learning how to sp'eal i'ts wordses an sheit | [22:37] |
| * | scthoopbot (~scthoopbo@cpc65609-newt33-2-0-cust1010.19-3.cable.virginm.net) has joined #bitcoin-assets | [22:42] |
| BingoBoingo | !up scthoopbot | [22:43] |
| * | assbot gives voice to scthoopbot | [22:43] |
| decimation | lol 3700 usd budget | [22:44] |
| decimation | do they have more than one employee? | [22:44] |
| decimation | 'we r poor folks about bitcoin!' | [22:44] |
| decimation | imagine actual people in Victorian Britain asking the assistant scullery maid what she thought about finance | [22:46] |
| williamdunne | thanks boingo, dw though doesn't need voice for now. Just the beginning stages | [22:47] |
| BingoBoingo | Ah, cool | [22:48] |
| decimation | http://www.pewsocialtrends.org/2011/11/07/the-rising-age-gap-in-economic-well-being/ < speaking of which | [22:49] |
| assbot | The Rising Age Gap in Economic Well-Being | Pew Research Center ... ( http://bit.ly/1SEW5qb ) | [22:49] |
| decimation | "In 2009, households headed by adults ages 65 and older possessed 42% more median1 net worth (assets minus debt) than households headed by their same-aged counterparts had in 1984. During this same period, the wealth of households headed by younger adults moved in the opposite direction. In 2009, households headed by adults younger than 35 had 68% less wealth than households of their same-aged counterparts had in 1984." | [22:57] |
| decimation | you know, people say that bitcoin is a ponzi scheme, but really USD is the world's largest ponzi scheme - and keeps growing | [22:58] |
| mircea_popescu | schtooopbot hahaha | [23:00] |
| mircea_popescu | so i hear it from a trustworthy source in sweden that the local libertards have come up woith this idea to replace whatever word is used for cunt with "snipa" which apparently means sparkle | [23:01] |
| mircea_popescu | there's the usual assortment of imbeciles trumpeting their incredible success whatever, uninteresting. | [23:01] |
| mircea_popescu | what IS interesting is that apparently the legendary snipe was found | [23:01] |
| decimation | because 'cunt' offends womyn? | [23:01] |
| mircea_popescu | in sweden. | [23:01] |
| mircea_popescu | decimation probably it's like rape or who knows. causes global warmyng. | [23:02] |
| decimation | actually it's because the womyn in question don't have cunts | [23:02] |
| mircea_popescu | sexperience begs to differ. | [23:02] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223244 << incidentally, this probably pays better than odesk. | [23:03] |
| assbot | Logged on 03-08-2015 17:12:42; danielpbarron: or gathering flotsam for me | [23:03] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223264 << there is a thread in the logs consisting of me essentially saying that if you can't fake stupiud you're not smart. | [23:05] |
| assbot | Logged on 03-08-2015 17:24:58; trinque: ascii_field: I don't expect for a moment that you could possibly fake "stupid" | [23:05] |
| mircea_popescu | decimation that quote says to me "kids of today r tarded" | [23:05] |
| mircea_popescu | unsurprising data is unsurprising. they are. | [23:06] |
| decimation | yeah, kinda. it goes to your point earlier with ascii - doing financial analysis the main business of the us is printing usd | [23:06] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223269 << no, there's some substance to their wails. you're thinking the very open and socially mobile eastern europe. they live in the solidified shitbrains puritan us | [23:07] |
| assbot | Logged on 03-08-2015 17:25:48; jurov: lol such fantasies | [23:07] |
| mircea_popescu | decimation this doesn't explain why the old farts are getting most of the fake bills. | [23:07] |
| mircea_popescu | (they aren't, they're just much better at not giving away their value for them) | [23:08] |
| decimation | true, but they also get direct payments through taxes, and indirect payments through money printing pumping up real estate assets | [23:08] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223277 << this is a major problem. for argentines too. they can't get anywhere because all the people they know are just as fucktarded as them. | [23:08] |
| assbot | Logged on 03-08-2015 17:28:45; punkman: trinque: consider the case where your meat-wot is "businessmen" in Luxor | [23:08] |
| mircea_popescu | increasingly, becoming a problem i nthe us, too. | [23:09] |
| mircea_popescu | decimation and medical bills. | [23:09] |
| BingoBoingo | It is beyond a problem here | [23:09] |
| mircea_popescu | young people can fuck, don't need to eat and don't get sick. | [23:09] |
| mircea_popescu | hard to overcome these structurally. | [23:09] |
| decimation | yeah, but old folks can ensure they get their pound of flesh | [23:10] |
| mircea_popescu | decimation consider the problem properly. remember me unkindly observing about kim kardashian that http://trilema.com/2014/holy-shit-technical-analysis-is-real/#selection-85.0-89.63 ? | [23:10] |
| assbot | Holy shit! Technical Analysis is real! on Trilema - A blog by Mircea Popescu. ... ( http://bit.ly/1SF1uNW ) | [23:10] |
| mircea_popescu | explain this to me. how is it possible that 99 out of 100 richeest households in the us aren'ty headed by a 35 yo female, ex whore ? | [23:11] |
| decimation | your selection thing doesn't work on my browser | [23:11] |
| mircea_popescu | obviously, 1% richest would be the strato-rich, sure, ok. | [23:11] |
| mircea_popescu | but the remainder, ALL the upper middle class, should be kims. | [23:11] |
| mircea_popescu | the only ones with something still to sell. | [23:11] |
| mircea_popescu | why aren't they ? why some pruny old dude ? | [23:11] |
| asciilifeform | if there were even 100x as many 'kims', the product they sell would be worth $0. like the poor programmer | [23:12] |
| mircea_popescu | You may think that point-whatever billion is hardly worth the mention, after all I'm white and male and go with the tech stuffs, rather than almost-not-black and female, going with the cocksucking-and-other-homemaking-stuff. You know, cheap textile "labels", perfumes, the Martha Stewart lot. Like this chick : | [23:12] |
| mircea_popescu | So it's all right and pooper that I'd be dealing in the tens of billions while her net worth is in the tens of millions, roughly enough to buy a whole closet where she lives. Right ? | [23:12] |
| mircea_popescu | asciilifeform not so. | [23:12] |
| mircea_popescu | a brothel does not lower the per-capita value of the individual whores. | [23:12] |
| asciilifeform | even now, who the fuck ~pays~ to see naked gurlz | [23:12] |
| mircea_popescu | but ehances it. | [23:12] |
| mircea_popescu | that's not what this is. | [23:12] |
| mircea_popescu | i said "Something to sell", i didn't say nudity. that's free. | [23:12] |
| asciilifeform | then what ? | [23:13] |
| mircea_popescu | you being seen with them. | [23:13] |
| mircea_popescu | social proof. | [23:13] |
| asciilifeform | why would i pay for that | [23:13] |
| mircea_popescu | because you understand how things work. | [23:13] |
| asciilifeform | or are they all to move to egypt | [23:13] |
| decimation | plenty of 'homemakers' are poor in the us | [23:13] |
| * | assbot removes voice from scthoopbot | [23:13] |
| mircea_popescu | decimation not the question. the question is why is anyone else on the "just about rich" lists outside of these women. | [23:14] |
| mircea_popescu | why are atheltes poor if the stench of cunt bothers you, same argument. | [23:14] |
| asciilifeform | http://log.bitcoin-assets.com/?date=04-08-2015#1223453 << who, precisely, will pay to see ~this~? mircea_popescu ? | [23:14] |
| assbot | Logged on 04-08-2015 00:49:35; mircea_popescu: let him sign up for myfreecams and do anal until there's blood on the fucking dildos. | [23:14] |
| mircea_popescu | asciilifeform iirc i have, sort-of. | [23:14] |
| asciilifeform | now, not swinging that way, i cannot say for certain how saturated the gay pr0n market is, but will observe that they lack the sexual starvation of the straight | [23:15] |
| asciilifeform | so my naive guess would be that it is an even tougher sell | [23:16] |
| asciilifeform | in terms of 'make a living' | [23:16] |
| mircea_popescu | http://log.bitcoin-assets.com/?date=03-08-2015#1223293 << the exact sort of thing that prompted my earlier "everyone is retarded" stuff. | [23:16] |
| assbot | Logged on 03-08-2015 17:32:52; mike_c: um, no? | [23:16] |
| mircea_popescu | asciilifeform you've reconstructed the discussion into a strawman and are getting the results you expected from it. | [23:16] |
| mircea_popescu | http://log.bitcoin-assets.com//?date=21-02-2015#1026639 < that. | [23:17] |
| assbot | Logged on 21-02-2015 01:19:34; mircea_popescu: "she's been going through 6-7k each month since autumn, but i get to go visit p diddy whenever i feel like it. it's a wash" | [23:17] |
| asciilifeform | no, elementary question. are there enough gay pr0nd0ll4rz to feed all the mr.unemployableprogrammerz riding their sandpaper dildos | [23:18] |
| asciilifeform | and, unlike the gurlz, these folks don't add to anyone's 'social level' by being seen with them (perhaps in rome ? but today?) | [23:19] |
| decimation | well, there's also the social status of being the old jew who owns reddit | [23:19] |
| asciilifeform | decimation: he doesn't have to feed the birds | [23:20] |
| asciilifeform | mod6, ben_vulpes, et al: 'zoolag' is down and will remain down for several hours. this is a planned outage. | [23:20] |
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| asciilifeform | http://log.bitcoin-assets.com/?date=04-08-2015#1223513 << umm, yes, they are. they are the folks who own (when they do) real estate, which is nearly the only thing which came close to keeping up with true inflation; they are also the folks who own stocks; etc | [23:28] |
| assbot | Logged on 04-08-2015 02:08:03; mircea_popescu: decimation this doesn't explain why the old farts are getting most of the fake bills. | [23:28] |
| asciilifeform | people who were there for the tail end of american economy being something like functional | [23:28] |
| assbot | [MPEX] [S.MPOE] 6150 @ 0.00052357 = 3.22 BTC [-] | [23:29] |
| decimation | asciilifeform: yes, that was my point.. | [23:29] |
| decimation | this is why I find the baby boomer whining about old people medical care and old people direct payments | [23:30] |
| asciilifeform | decimation: the whining, by and large, is coming from the ones who owe $maxint to the medical charlatans and are unhappy that it is coming out of 'their' bezzle rather than the treasury | [23:32] |
| decimation | "keep mailing us your taxes, your missing bank interest, and your real estate equity. Someone will totally mail you theirs when we are dead!" | [23:32] |
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| decimation | !up Michail1 | [23:32] |
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| decimation | asciilifeform: not that they had children who were raised to be +ev so they could afford to whipe dad's ass when he's old" | [23:33] |
| asciilifeform | decimation: what the hell does it even mean to be +ev in modern usa? | [23:33] |
| asciilifeform | it is approximately the same as asking who is +ev in prison | [23:33] |
| decimation | be on the receiving end of the above payments | [23:33] |
| asciilifeform | yes, a handful of thugs end up with the lion's share | [23:34] |
| decimation | which means you need to have a house bought before 1980 and be older than 65 | [23:34] |
| decimation | asciilifeform: yeah except if you read my initial link, old people have 47x more wealth than <35 | [23:34] |
| asciilifeform | aha | [23:34] |
| decimation | it's not mysterious who this '1%' are | [23:35] |
| decimation | I suppose my hypothesis is that if assets were demoninated in actual hard currency they wouldn't be able to run this kind of ponzi | [23:36] |
| asciilifeform | see where the 47x figure will go if you discount houses. | [23:36] |
| asciilifeform | (or if anything like most of'em tried to cash in) | [23:36] |
| decimation | yeah home equity is most of it | [23:36] |
| decimation | but home equity comes from bank debt, which comes from the combination of how much maturity transformation is allowed and how much money the fed prints.. | [23:37] |
| 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' | [23:38] |
| asciilifeform | let's work a gedankenexperiment: | [23:40] |
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| asciilifeform | say my neighbour, 86-year-old mr schmuckson, sells his house | [23:40] |
| asciilifeform | he now has 400k | [23:40] |
| asciilifeform | what can he do with it? | [23:40] |
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| decimation | well, to go to mircea's point, he can't buy 30 year old health | [23:40] |
| asciilifeform | he can... die? then the 400k becomes 0, it pays off mr schmuckson jr.'s college loans | [23:41] |
| asciilifeform | and car loans | [23:41] |
| asciilifeform | say he isn't ready to die yet | [23:41] |
| asciilifeform | he can buy... stocks ? | [23:41] |
| asciilifeform | same result | [23:41] |
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| decimation | let's be more reasonable and say he's 65 | [23:41] |
| asciilifeform | what he is actually going to buy, in likelihood, is a few years of nursing home. | [23:42] |
| decimation | he could buy yacht | [23:42] |
| asciilifeform | (automagically costs $networth in most states) | [23:42] |
| decimation | yes that's likely | [23:42] |
| asciilifeform | poof. bezzle - gone. | [23:42] |
| asciilifeform | it went to the same place the electric current in the neutral phase of your mains socket goes. | [23:42] |
| asciilifeform | a minus sign. | [23:42] |
| decimation | asciilifeform: I made this point awhile ago about 'roth' ira accounts | [23:43] |
| asciilifeform | it 'returns to dust' because 'from dust it came' | [23:43] |
| asciilifeform | as it must. | [23:43] |
| decimation | they are better in the sense that usg promises not to charge further tax | [23:43] |
| asciilifeform | picture if the whole idiocy asylum of mr. schmucksons tried to cash in their 400k each and buy turkeys | [23:43] |
| asciilifeform | or even rockets for isis | [23:43] |
| decimation | you can even give to schmuckson jr - but as soon as he gets his hands on it the clock starts | [23:44] |
| decimation | minimum distributions must be made | [23:44] |
| asciilifeform | it'll go straight to his creditors | [23:44] |
| asciilifeform | what's left, will buy him a house | [23:44] |
| asciilifeform | to play the cycle again | [23:44] |
| gernika | Not much of it would make it to schmuckson jr after gift tax | [23:44] |
| decimation | no my point is that usg demands jr drains the account | [23:44] |
| decimation | why put that provision in the law at all? | [23:44] |
| asciilifeform | decimation: so the current can return to the earth | [23:45] |
| decimation | unless you were intentionally ensuring that 'schmucksons' couldn't become wealthy enough to tell usg to fuck off... | [23:45] |
| decimation | but to connect with your point, clearly as long as you are wholly owned by usg, doing business in its monopoly money, don't be surprised when 'it giveth and taketh away' | [23:46] |
| asciilifeform | aha. | [23:47] |
| decimation | if nursing home, doctor, real estate - had to be paid for in gold that couldn't be magicked into existance, the prices would change rapidly... | [23:47] |
| asciilifeform | http://log.bitcoin-assets.com/?date=04-08-2015#1223506 << i've said it before, will say again: if you can fake your way out of 'overqualified, go away' when applying to be a cook or street sweeper, you can and will work profitably in hollywood or cia | [23:47] |
| assbot | Logged on 04-08-2015 02:05:21; mircea_popescu: http://log.bitcoin-assets.com/?date=03-08-2015#1223264 << there is a thread in the logs consisting of me essentially saying that if you can't fake stupiud you're not smart. | [23:47] |
| decimation | plus you would need fake 'blue collar' credentials | [23:48] |
| asciilifeform | aha | [23:48] |
| asciilifeform | let's say i pretend my diploma never happened, and my whole adult life of working r&d never happened | [23:49] |
| asciilifeform | what do i pretend instead ? | [23:49] |
| decimation | didn't last psychiatrist have a post about what is needed to 'prove' you are 'poor'? like no job, ever? | [23:49] |
| assbot | [MPEX] [S.MPOE] 2508 @ 0.00054806 = 1.3745 BTC [+] | [23:49] |
| asciilifeform | ^ that was for 'disability pension' from usg | [23:49] |
| decimation | asciilifeform: since you already have a record of paying taxes you can't fake disability | [23:49] |
| asciilifeform | aha | [23:49] |
| asciilifeform | but i was speaking of more mundane situation | [23:49] |
| asciilifeform | where you walk in to a 'cooks wanted', 'i need a job', they: 'you will leave as soon as you find work programming again, go away now' | [23:50] |
| asciilifeform | meanwhile behind you is a queue of fifty actual cooks | [23:50] |
| decimation | http://www.zerohedge.com/news/2015-05-12/getting-job-mcdonalds-harder-getting-accepted-ivy-league "In 2011, McDonald's announced it would hire 50,000 new employees on April 19 for its National Hiring Day. They eventually hired 62,000 people. Over 1 million people applied. This is noteworthy because many commentators have accused the unemployed of being lazy and unwilling to work." | [23:52] |
| assbot | ... ( http://bit.ly/1IIFUBA ) | [23:52] |
| asciilifeform | aha, this. | [23:52] |
| asciilifeform | how many of the 62k had computer science degrees ? | [23:53] |
| asciilifeform | and of the 1m ? | [23:53] |
| asciilifeform | ~i~ wouldn't hire'em if i were them, either. | [23:53] |
| asciilifeform | ethnic helots only plz! | [23:54] |
| decimation | yeah exactly | [23:54] |
| asciilifeform | folks who won't hate you for paying them starvation wage, who won't pack up at dawn at the first sign of 'real' work | [23:54] |
| decimation | they will apply and qualify for the appropriate gov't subsidies too | [23:55] |
| asciilifeform | aha | [23:55] |
| asciilifeform | no expectation of paid time off, or health insurances | [23:55] |
| decimation | http://www.washingtonpost.com/news/wonkblog/wp/2014/03/28/wal-mart-has-a-lower-acceptance-rate-than-harvard/ "Last year when Wal-Mart came to D.C. there were over 23,000 applications for 600 jobs. That's an acceptance rate of 2.6%, twice as selective as Harvard's and over five times as choosy as Cornell." | [23:56] |
| assbot | Wal-Mart has a lower acceptance rate than Harvard - The Washington Post ... ( http://bit.ly/1IIGfV0 ) | [23:56] |
| asciilifeform | this is probably why mircea_popescu suggested that they ought to compete for who can most creatively mutilate his cock on camera, rather than apply to 'walmart' | [23:56] |
| decimation | asciilifeform: the raw fact is that around 60-70% of the us 18-65 population is only capable of 'unskilled' labor of this type at best | [23:57] |
| asciilifeform | at best. | [23:57] |
| asciilifeform | but the article linked earlier was about something else | [23:57] |
| asciilifeform | craftsmen (programmer) for whom there is no economy to work in | [23:57] |
| asciilifeform | it is very easy to dismiss mr.unemployable as 'plankton' without knowing anything about him | [23:58] |
| asciilifeform | but the problem is not limited to plankton | [23:58] |
| asciilifeform | just as it was not the worst, by any reasonable measure, soviet physicists, who ended up driving cabs or drinking to death | [23:58] |
| decimation | especially if he doesn't want to keep to a 'push shit out the door we'll fix it later' schedule | [23:58] |
| asciilifeform | yes, mircea_popescu will probably say that a microscope that is not also a hammer is a worthless thing and ought never to have been considered a microscope | [23:59] |
| asciilifeform | all i can say to this is - don't lend mircea_popescu yer microscopez | [23:59] |
Category: Logs
