mircea_popescu: and this is not (one of the) tor deanonymization tricks.
assbot: Logged on 23-09-2015 01:36:58; asciilifeform: also usg giveth, usg taketh away. a 'pharma ceo' has so much as one cent purely by the good graces of hitler - who helpfully keeps penny-a-pill indian generics mostly out of u.s. market
mircea_popescu: yes, were that to be the case it would easy to be confused.
mircea_popescu: anyway. it just amused me as a case of "bug shaped man confused that the future doesn't seem to belong to him."
mircea_popescu: asciilifeform one of the people killed in my recent drawing.
mircea_popescu: peter murck wanna "kill the drama"
shinohai: Think what could have happened for a few of them with just a little research. Mighta found a way to invest said bitcoin into many times that by now :/
mircea_popescu: it would seem the "popular mechanics" interpretation of the internet in the common mind (which is what everyone no matter how brilliant in selected fields reverts to anwyay, in a process we call "the memory hole effect") is something like "the internet is an implementation of god - and a god that cares at that".
mircea_popescu: the fuckiung internet. it breeds stupid and lazy.
mircea_popescu: you ever saw the stripper lulz btw ?
shinohai: Still the same, casting a lot but no bites :/
mircea_popescu: o hey shinohai, how goes the hunt ?
assbot: Yet another pre-installed spyware app discovered on Lenovo computers / Boing Boing ... ( http://bit.ly/1gNof0B )
assbot: Logged on 23-09-2015 06:54:44; deedbot-: [BitBet Bets Bets] 24.66420430 BTC on 'No' - The ETH scam won't see 2016 - http://bitbet.us/bet/1199/the-eth-scam-wont-see-2016/#b27
mircea_popescu: http://log.bitcoin-assets.com/?date=23-09-2015#1283587 << hm, is it me or the no side is kinda getting spent ? originally it was very chipper at 5:1, but running out of steam at 2.x :1 by now
assbot: All the 'Happy Birthday' song copyright claims are invalid, federal judge rules - LA Times ... ( http://bit.ly/1V9gfKg )
cazalla: BingoBoingo, maybe aussie defence helped kick off the revival of ISIS gold coins https://twitter.com/Fight_DAESH/status/641766036421767168
deedbot-: [BitBet Bets Bets] 3.03225764 BTC on 'No' - The ETH scam won't see 2016 - http://bitbet.us/bet/1199/the-eth-scam-wont-see-2016/#b28
deedbot-: [BitBet Bets Bets] 24.66420430 BTC on 'No' - The ETH scam won't see 2016 - http://bitbet.us/bet/1199/the-eth-scam-wont-see-2016/#b27
mircea_popescu: in other news, yet another one of these : https://twitter.com/BitcoinBabeAU/status/646504292392771584
mircea_popescu: "Getting the Good Authority In the old days, competition kept Authorities in line. For example, in The Merchant of Venice, Shylock is trying to get a contract enforced by an Authority:" << heh, look at that.
mircea_popescu: more respek for actual experiments and their results.
assbot: The woes of Altcoin, or why there is no such thing as "cryptocurrencies" on Trilema - A blog by Mircea Popescu. ... ( http://bit.ly/1j8LgNl )
mircea_popescu: "Ultimately, as Bitcoin takes over the internet, all non-Bitcoin projects (of any kind) will be treated with the ridicule afforded a US resident who tries to pay for his milk with Japanese yen. Eventually, interest in using a non-Bitcoin will fall to zero. Altcoins, even somehow-useful ones, dont have a future." << and the proper link for this is, of course, http://trilema.com/2014/the-woes-of-altcoin-or-why-there-i
mircea_popescu: anyway, the amusing thing if one actually reads the above linked thing is that the proponent of truthcoin objects that ethereum bets won't work because they're not bitbet. which is a correct point, but leaves him in the lurch.
mircea_popescu: what if hollywood never existed altogether and i wouldn't have to explain to sane people from the future why the fuck exactly is it that every woman in every film has a permanently affixed bedspread righ above her tits for some reason ?
mircea_popescu: fuck "total optionality" in the sense of, strip mall.
mircea_popescu: what of all good films that never happened because that shit existed, and who pays for the damage britney spears did to music ?
mircea_popescu: what if we don't fucking want to buy bullshit lucas crap at any price, and what if we would gladly pay for that crap to not even have the possibiklity to exist ?
assbot: Oracles are the Real Smart Contracts | Truthcoin: Making Cheap Talk Expensive ... ( http://bit.ly/1KzVE7m )
mircea_popescu: http://www.truthcoin.info/blog/contracts-oracles-sidechains/ << the treatment of "how to increase fictitious '''optionality''' through factual restrictions" is particularly scandalous.
mircea_popescu: similarly, all sorts of derps on "bitfinex" and assorted scum are currently booking imaginary bitcoins they "will get in the future". except they don't, but their losses aren't of bitcoin, they're losses of "bitcoin",
mircea_popescu: and the "MtGox-failure, a failure that itself resulted in the loss of 6% of the circulating Bitcoin money supply." verbiage is particularly ill advised. the bitcoin mtgox lost never circulated for the most part, in that they were imaginary.
assbot: The positive market effects of the delivery bet. on Trilema - A blog by Mircea Popescu. ... ( http://bit.ly/1KzV3mo )
mircea_popescu: e-march-1st/ << bitbet's version, which cost bfl close to 1k btc, and which resulted in http://trilema.com/2013/the-positive-market-effects-of-the-delivery-bet/ and which in turn resulted in a lot of clearing the air for legitimate operators in the space, and which is to some degree why asics even exist today as a private thing rather than coming a couple years later as a usg only thing.
gribble: The operation succeeded.
mircea_popescu: ;;later tell psztorc "BetsOfBitcoin Also old, yet closed Mysteriously. Funds stolen or missing. " << nothing mysterious about it. back in 2012 inaba was pushing the bfl scam, had a deal with the various "bet site operators" to allow bets on bfl delivery and then anull if it doesn't deliver. betsofbitcoin went for it, got called out for it, was dead after that. https://bitbet.us/bet/7/bfl-will-deliver-asic-devices-befor
mircea_popescu: pete_dushenski> and even after that they're unlikely to lead a project << maybe we'll allow your argument re civilised places. but in the us specifically, none of the stuff you discuss ever happens.
cazalla: totally to be expected as well, which is probably why they did it to begin with
pete_dushenski: and even after that they're unlikely to lead a project
pete_dushenski: 'modernisations', 'reskinning', and other forms of revamping that rely on the existing bones of a building are what keep cities alive and allow neighbourhoods to go through multiple phases of waxing and waning
pete_dushenski: ultimately, architecture takes place in and around other architecture
pete_dushenski: which is certainly a large chunk of the industry.
pete_dushenski: this is not only about renovations either
pete_dushenski: architecture is as far more about existing buildings, topographies, and spaces as 'the new stuff'
assbot: Reality Keys - Facts about the future, cryptographic proof when they come true ... ( http://bit.ly/1Fem6qq )
asciilifeform: https://www.realitykeys.com << atrocity, linked from earlier atrocity. apparently there is no shortage of attempted schemes to build this perpetuum mobile, the 'decentralized fact verifier machine'
pete_dushenski: http://log.bitcoin-assets.com/?date=22-09-2015#1282406 << this, pointedly and as far as the eye can see, does NOT happen to be true.
mircea_popescu: "For millennia, there was suffering and misery. Can you imagine a world without music, or eyeglasses, or DayQuil?" << wut is dayquil ?
mircea_popescu: ah. do you specifically mean the line betting scam ?
mircea_popescu: of course the pot value varies.
psztorc: Stole from me and in the process of being poisoned.
pete_dushenski: psztorc: then what's gambling ?
assbot: These Two Projects Are Racing to Bring Election Gambling Back for 2016 - Bloomberg Business ... ( http://bit.ly/1Felstd )
mircea_popescu: http://www.bloomberg.com/news/articles/2015-09-18/these-two-projects-are-racing-to-bring-election-gambling-back-for-2016 << the bloomberg piece is mildly amusing.
asciilifeform: '...when you [1] watch journalists lie on television, [2] have to deal with obviously dishonest politicians rising through an obviously-dysfunctional "democratic" process, [3] get beaten down by office politics at work, or [4] participate in any serious argument with anyone. The fiber optic cable of the 90's gave the global community a "nervous system", called the internet, but despite advances in filesharing ("memory"), and s
asciilifeform: project for months, Peter Todd is actively reviewing it. Unlike 100% of all Bitcoin 2.0 projects, there have (so far) been no standing complaints from these elite-skeptics. Roger Ver, who has famously invested-in and donated-to some of the most promising organizations and experiments in the Bitcoin space (from original Ripple, to BitPay, to Purse.io), and ignored many others, has endorsed this project financially.'
asciilifeform: 'Reputable: Truthcoin was designed by a Yale Statistician with degrees in the blockchain-relevant fields of econ, psychology, and mathematics, who has been passionate about prediction markets since long before Bitcoin was created. Truthcoin was reviewed (favorably) by Andrew Poelstra, sidechains-co-author and skeptical author of widely-circulated technical papers on cryptosystem stability. Gregory Maxwell has been aware of the
mircea_popescu: http://wiki.bitcoin-assets.com/first_steps_in_bitcoin-assets << see ethere it's a half minute's job.
gribble: WARNING: Currently not authenticated. Trust relationship from user pete_dushenski to user psztorc: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=pete_dushenski&dest=psztorc | WoT data: http://b-otc.com/vrd?nick=psztorc | Rated since: never
mircea_popescu: well what do you want me to do. they don't, per se, have a liquidity problem, not being the sort of thing that may have a liquidityy problem. they simply have no relation to liquidity whatsoever.
pete_dushenski: ary. The vehicle could otherwise interpret the test procedure as a dangerous situation or malfunction, activating traction control or stability control. By enabling a test mode, the vehicle will be able to operate during the test process. Once the test is complete and the car is restarted, the car reverts to its normal function. And once the cars are in on-the-road mode, nitrogen oxide levels increased by 10 to
assbot: Logged on 18-09-2015 18:54:21; pete_dushenski: either a) when anything plugs into the obd-ii port, or b) the whole thing is a parallel construction to keep ze germans at bay against tbtf 'domestics'
pete_dushenski: http://log.bitcoin-assets.com/?date=18-09-2015#1278736 << turns out that i was off the mark here. to wit : "Emissions system and fuel economy testing is conducted while a vehicle is placed on a dynamometer—think of it as a two big rollers or a treadmill—rather than driving on the road. The vehicle has only its driving wheels rolling (the front ones, in the case of VW vehicles). But the rear tires are station
mircea_popescu: how about you get registered in assbot so i can give you a rating so i don't have to keep doing the upping.
mircea_popescu: understand : rules are generally powerless. the soviets had rules about how capital should be allocated.
psztorc: There are Bayesian versions
mircea_popescu: im not entirely sure what "market scoring rules" are. but by the excel reference i vaguely expect a bayesian atrocity.
psztorc: And yet, you change the subject so frequently.
mircea_popescu: ie, your attempt to get fatties laid already suffers from the "wide area low height" problem. putting a coin on top of this is just crushing it into oblivion, and going exactly tyhe opposite directionm of solving it.
mircea_popescu: this is not a question, it is a statement of fact. counterintuitively, perhaps (not sure why, but this only happens to some people), your addition of a coin to the problem has in fact worsened your efficiency, by introducing a significant friction factor.
asciilifeform observes that 'bugs' like this (if gaping hole in the chest of an idea can still be referred to as a 'bug'...) can live almost indefinitely long when there is a 'play money only' system such as ones mentioned earlier. simply because the 'unreasonable!11!!!11!!' folk with serious dough don't show up to clean their clocks.
mircea_popescu: unlike in my example, where i scrubbed off all incidentals that may hide the matter.
mircea_popescu: understand, the scenario is in no sense astonishing or at all unlikely. the scenario repeats itself 100% of the time in your model, just, you're not usually well instrumented to notice this.
mircea_popescu: so your liquidity has a problem in simply materializing from the, if you'll excuse the pun, the ether ?
psztorc: You're the only one who did anything.
psztorc: They're just inaccessible.
psztorc: Well then you lose all of your coins...
mircea_popescu: the answer will be no.
mircea_popescu: there's not gonna be any sort of solar eclipse tomorrow.
psztorc: the 1 mn shares became worth 1 mn coins again.
mircea_popescu: how the fuck would it be yes ?
psztorc: the answer was "Yes"
psztorc: As will your 2nd and all the rest.
psztorc: If you really own all the coins, and you didn't put any in the middle, your first share of Yes will cost you 1.
mircea_popescu: i bet all the coins on yes.
mircea_popescu: for instance : when i put 1 btc on the theory that ethereum dies by the end of the year, i got liquidated 5:1 within hours.
mircea_popescu: whence will the money come to liquidate my position ?
mircea_popescu: the odds on this are dismal.
mircea_popescu: but as to the experiment : suppose your coin exists. suppose it has a total issued volume of 1mn coins. suppose i own them all, because i'm an asshole and i buy them all.
mircea_popescu: i mean srsly nobody cares if you came up with it or clark gable did. that's not at issue. and in general "original research" is even a topic only among the wikitards. it's not a legitimate consideration.
mircea_popescu: i'm kinda puzzled why the problem is not directly obvious.
asciilifeform: to be made after he is done with the counter-less market of solo traders.
psztorc: People propose updates to the share quantity, and can locally calculate how the account [2] would have to change.
psztorc: The traders, although you can put some money in the middle (which you'll lose) to create...
psztorc: MSRs are a formula which relate [1] the current quantity of outstanding shares (of mutually-exclusive states) to [2] an account filled with money.
mircea_popescu: they too got a knowledge, why isn't it being met ?
mircea_popescu: or you could keep it simple, and explain why your excel spreadsheet isn't hard at work finding boyfriends for all the very fat lonely feminists out there.
psztorc: That isn't post structuralism... PS is when the audience is supposedly more important than the author's text or intent.
mircea_popescu: whence in the everloving fuck will you summon into existence counters for all the solo traders trading with no one ?
mircea_popescu: fiat, delta knowledge on valuation. i doubtr you'll find anyone who even will entertain the approach, within finance. but moving on :
mircea_popescu: and you're like, almost there, and all i do is recite that and laugh. you're out on your ass.
mircea_popescu: suppose you're in a VC office trying to close a deal. and i drop by to take the guy out to golf.
mircea_popescu: er)." << dja understand the concept of liquidity ?
mircea_popescu: "My design was able to solve a few other PM-problems as well. Any user can create a market about anything, removing the dual-requirement that a PM-administrator must not only be trustworthy, but also share your prediction-interests. Market scoring rule technology ensures that trading volume is irrelevant, and traders will always be able make a trade updating the price to their estimation (even if they are the only trad
mircea_popescu: ok, sure, for a given level, as long as that level is very high, they are in fact cheaper.
psztorc: Also, I'm sure you've heard of the Lightning Network.
psztorc: For a given level of security, the payments are now cheaper.
mircea_popescu: the entire "bitcoin is efficient" thing is very 2010s naivete. it is anything but.
mircea_popescu: ement device is BY FAR the most expensive, cumbersome and unwieldy mechanism for settlement ever devised. it was not even feasible to contemplate before computing and major bandwidth was available.
mircea_popescu: "Although Bitcoin does not solve our PM problems, it demonstrates that a blockchain can provide scalable, censorship-resistant, and trustless solutions. Blockchain solutions also generate efficiency by cutting out middlemen and avoiding overhead costs (no brick-and-mortar, compliance, administration, etc.)." << this is miserable. what exactly is "solutions" supposed to mean ? and more importantly : the blockchain settl
psztorc: And the sentence I wrote was to explain exactly why "proofs of solvency" are insufficient (which you have just restated)
psztorc: Of course, as I'm sure you know, "credit" comes from the latin "cred-" for "belief/faith"
mircea_popescu: the notion that "proving" "solvency" which is to say, having money may somehow buy character, and on it trust.
mircea_popescu: there is in fact no way to substitute for this.
mircea_popescu: "Before money or anything else. Money cannot buy it...Because a man I do not trust could not get money from me on all the bonds in Christendom."
mircea_popescu: "No sir, the first thing is character."
psztorc: I'm afraid I couldn't find the definition.
mircea_popescu: anyway, the jpm thing is more important, so let's get back to that for a second. the matter was put to him, in a congressional hearing, "Is not commercial credit based primarily upon money or property?"
assbot: The politics of Bitcoin on Trilema - A blog by Mircea Popescu. ... ( http://bit.ly/1K07c9f )
mircea_popescu: the closest i ever came to stating a definition was in this 2012 article : http://trilema.com/2012/the-politics-of-bitcoin/
mircea_popescu: much to the disbelief of the entire collected "foundation" & assorted jesuses, captains of industry and whatnots.
mircea_popescu: but no, the various hanger ons trying to insinuate themselves in bitcoin do not by this desire actually become part of the thing.
mircea_popescu: these claims must be novel. ever since they forgot to mention how shockingly little they processed for "black friday"
mircea_popescu: well, for starters, they priced bitcoin in dollars not dollars in bitcoin.
mircea_popescu: on the basis of what ?
mircea_popescu: the proposition that mtgox was a bitcoin business is tenuous.
mircea_popescu: no i meant the jpm quote.
mircea_popescu: "Although businesses can prove their solvency, proof of future-solvency is impossible, and even solvent Bitcoin PM-businesses would be able to steal funds by trading on and then reporting incorrect prediction outcomes." << this is a feckless misstatement of the situation. a centralized business is predicated on the trustworthyness of its living owner. whose word is, to repurpose a JPM quote, "worth more than all the bo
mircea_popescu: now, feel free to generalize on the remainder 10%, but it is not unlike saying "men are evil and should be locked up".
mircea_popescu: "The Bitcoin businesses that oppose this intent by holding customer funds (for example the currency exchanges) lose those funds regularly." << except mpex never did. and bitbet never did. and so on.
mircea_popescu: as the saying goes around here, you might not be interested in fungibility, but that doesn't prevent it from being interested in you.
mircea_popescu: whether each pays his own each time in silence, or you buy one round and he buys another round is nil.
mircea_popescu: and thje best example to verify this is, a situation where you and another guy sit in a bar for the space it takes to drink two drafts each.
mircea_popescu: there's nothing magical about money being "your own". the situation where you own house A, and live in house B which is identical but you rent ; and the situation where you own house A and live in house A is imaginary.
mircea_popescu: i disagree with the notion that whether bitcoin was designed for people to hold own money or opm follows from bitcoin being p2p ; that there is a way to differentiate between opm and yom. and other things
mircea_popescu: o, you want the list ? mkay.
mircea_popescu: or at least shore it up past the nude declaratory thing ?
mircea_popescu: "Bitcoin is P2P software. It was not ever designed for other people to store your money; it was designed for you to store your own money." << can you prove this ?
psztorc: It is in the pdf formatting that I am continuing my explanation of prediction markets in a different way.
mircea_popescu: ah intrade there we go.
mircea_popescu: "i once got formed an idea while in front of the tv ergo tv has a gift" ?
mircea_popescu: but leaving aside the entire "prediction market" thing, lemme try and find the actual coin discussion.
mircea_popescu: they are very basic INTELLECTUAL FASHIONS.
psztorc: These are very basic concepts, not exactly plagiarism.
mircea_popescu: you're perhaps unfamiliar with the saying "traduttore, traditore".
psztorc: Those statements are not original research...they're lifted from several mainstream scholars, econ textbooks, wikipedia "prediction markets" article.
BingoBoingo: The paper honestly reads to me as BitBet ad copy
mircea_popescu: "The current market price of these tradable predictions can then be interpreted as the likelihood of the prediction coming true." << because, why ?
psztorc: I'm specifically choosing not to target the 3030 audience.
mircea_popescu: why would it be a magic number and why would the number reference an undefined concept.
psztorc: That was actually a footnote. It was $1 in the pdf
mircea_popescu: ""Whereas a stock market is a place to buy and sell shares of a corporations earnings, a Prediction Market (PM) is a place to buy and sell predictions. Valid predictions entitle their owner to $11"" << this, foir the record, is horrible writing. do not mix things so far apart the abstraction scale, it confuses idiots and it gives smart people the impression your abstractor really has very little breadth.
gernika: The problem I see is that there's no profit motive for the market owner, because there's no owner, so no one will drive the thing to work. Which I hope relates to your last point.
mircea_popescu: in any case, the question here isn't whether you could stuff the heart of an ox, the guts of a pig and the lungs of a horse inside the skin of a skinned goose.
mircea_popescu: but you will notice you downloading porn and the functioning of a market are unrelated.
gernika: and it had all the porn I needed.
gernika: mircea_popescu: I can see a bbs as a public forum, yes. The decentralization is not as clear to me, at least not in the way I used them. I only ever dialed into one.
mircea_popescu: "What if you had access to the combined intellectual powers of all mankind? It would be easier for you to make decisions." << you know, not only this does not follow, but the contrary is actually recorded as anecdotal observation by pretty much all sources. like say russell.
BingoBoingo: psztorc: No one really misses anything about pdf when they quit
mircea_popescu: gernika a) would you agree that the superset of this inquiry is the bbs and b) would you say it meets definitions of either "forum" or "decentralized" as you use them ?
psztorc: Don't you ever miss all of the lovely pdf formatting?
mircea_popescu goes in on the hope this won't be pdf.
psztorc: If you like to read, #1 of the lower 5 is about why I chose to create Truthcoin: http://www.truthcoin.info/papers/
psztorc: Are we still on "why bother"?
mircea_popescu: (clearing, obviously, is a term of art, in finance. it's the process whereby definite items are recognized by others. very similar to the function of a torens title registrar, or the births book, or the military despatches.)
mircea_popescu: but in the original terms. "in Truthcoin the operations performed are almost exactly the same as existing Bitcoin transactions".
psztorc: You may be right about whatever you are talking about, but in Truthcoin the operations performed are almost exactly the same as existing Bitcoin transactions.
BingoBoingo: How a trusted third party could possibly be agreed upon though is among the most centralizing mechanisms possibru
mircea_popescu: in this sense, "the earth centralizes the imago-es of all astral bodies, as their light projection". nevertheless, the earth is not a black hole.
mircea_popescu: but the "meet" in "market" has a different intension from "meet" as in "sql join".
mircea_popescu: there is no meeting whatsoever involved.
psztorc: In the project I designed.
psztorc: When I say "decentralized", I mean it the same way Satoshi meant it: headless and immortal. The individual traders still all "meet" in one "place".
mircea_popescu: vex you gotta stop with the nick spam.
mircea_popescu: well no. the fundamental problem is that the function of a market is to centralize trade. decentralized market is like cool boiler.
psztorc: The fundamental problem is tying the market to reality, without invoking a trusted 3rd party.
mircea_popescu: jesus reddit is retarded. omg not even wrong where to even start /me abandons the entire thread.
mircea_popescu: you understand the fundamental problem with trying to create a "decentralized market" do you ?
psztorc: The last one.
mircea_popescu: oh another one of those.
mircea_popescu: "Truthcoin is my ambitious project to create a trustless P2P prediction-marketplace. This is possible because, unlike most marketplaces, the end product of a prediction market (PM) is information. "
BingoBoingo: mircea_popescu: He's got some sidechain betting thing, but more than that dun liek huffing ether
assbot: Truffle Tricks for Ethereum Development: Dispelling 8 Myths & First Impressions — Medium ... ( http://bit.ly/1PqLPfD )
mircea_popescu: https://medium.com/@timothyjcoulter/truffle-tricks-for-ethereum-development-dispelling-8-myths-first-impressions-880f66bf3320 << this is the lol of all fucking time.
mircea_popescu: "certain elements" are "attacking" the re-ripple thing by pointing out that it's stupid and pointless. TO THE BARRICADES!1
assbot: Prepare yourselves for the assault on Ethereum by certain hostile elements within bitcoin community. : ethereum ... ( http://bit.ly/1YBdAZ1 )
mircea_popescu: https://www.reddit.com/r/ethereum/comments/3lvsjd/prepare_yourselves_for_the_assault_on_ethereum_by/
mircea_popescu: kinda been degrading tho, curious if there's the required 1-200 btc left in the eth cheerleader camp to get it back on target.
mircea_popescu: originally it looked like the aim is to go for 5:1
BingoBoingo: mircea_popescu: Yeah, haven't seen any deca BTC bets since the qntra
BingoBoingo: Gravity has been and always will be the ultimate shitlord
mircea_popescu: that's just the world being unfair.
BingoBoingo: But seriously the big malingering complaint is now labeled "fibromyalgia" and there is actually a therapy that keeps these hams sated. Stong compounded mixes of tricyclic antidepressants and NSAIDS.
deedbot-: [BitBet Bets Bets] 23.00000000 BTC on 'Yes' - The ETH scam won't see 2016 - http://bitbet.us/bet/1199/the-eth-scam-wont-see-2016/#b25
mircea_popescu: that's 100% of psycho, and most of nonspeciffic pain (which only exists because gps wanted a loophole to prescripe medocal social security to healthy men) and then "old age/shit habits" diseases. like some arthitis types (aka gout)./
mircea_popescu: one of the most lucrative and so often targetted by pharma spaces is where doctors go "dunno, let's try this. and that. and then see."
BingoBoingo: They work more on repetative load injuries.
BingoBoingo: mircea_popescu: Ah, now most of the new "biologics" released in the US are for various forms of "autoimmune" arthritis but not really.
mircea_popescu: <BingoBoingo> But even now those things are going from treatments for the rare and debilitating to treatments for the common and hammy << exactl;y, and these two go together. we're now at the point where "important" vaccines for purely imaginary conditions are being pushed out. srsly, some people get nonspecific pain from what may be a viral infection ?
mircea_popescu: <asciilifeform> but the 'research' is not happening. << this is a point.
BingoBoingo: Never mind the cheaper combo is more effective against what either treats and gets literally all the save-Africa subsidies
BingoBoingo: Actuall rather commonly used medicine. Part of 'Malarone' the premier anti-malarial cocktail.
mircea_popescu: asciilifeform> why this particular schmuck was chosen as the whipping boy of the day << was in the news recently, '87 born catamite of "tiger fund" gonzo increased price of some shitty expired patent medicine nobody else was manufacturing because us is as springy as a dead halibut.
mircea_popescu: danielpbarron watch the guy being like 112 lbs and really awkward too
BingoBoingo: asciilifeform: Consider bupropion, the one USG blessed mood regulating dopamine reuptake inhibitor. Simple chlorinated amphetamine on the ring. I wonder more who can't make it than who can
asciilifeform: of course, i won't know when this has happened, you'll have to ask somebody who lives on the 'tide usd' planet.
asciilifeform: BingoBoingo: at some point, the 'intellectual property RIGHTS!!!!11!!!1!1' idiots will get what they have been so loudly begging for: underground pharma labz in every town.
BingoBoingo: But even now those things are going from treatments for the rare and debilitating to treatments for the common and hammy
BingoBoingo: asciilifeform: Hence the caveat
asciilifeform: but the 'research' is not happening.
asciilifeform: the $100/mg thing was grudgingly accepted by many thinking people on account of 'must fund RESEARCH!111!!111'
asciilifeform: based wholly on the presence of armed thugs enforcing 'intellectual property'
asciilifeform: so the 'disease is rare, 1mg pill costs $100' thing is a crock of shit.
asciilifeform: with no bureaucratic obstacles in the way (Officially not intended to be fed to human) - can get ANYTHING made for $20K or so, in Kg+ qty.
asciilifeform: know what the crowning glory here is? no drug whatsoever in an ~actual free market~ could ever cost $100/pill. it costs less than this to pay ukraininan chemists to make $arbitrarycompound.
asciilifeform: it's a piece of orchestrated hysteria to draw fire away from the serious operators.
BingoBoingo: But this is not the first dirt cheap drug to turn uranium plated by any stretch
asciilifeform: rather than 'nuke intellectualpropertyism, dekulakize and publicly behead everyone who profited from its imposition'
BingoBoingo: Or Obamacare breaks... pretty sure the goal here was breaking Obolacare
asciilifeform: the one thing you can be sure of it that at the end of the day the 'answer' will be something like 'pillz cost too much, need moar obamacare'
asciilifeform: this is the most galling thing, to civilians. recall mircea_popescu's 'pound of flesh' article.