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mircea_popescu: and i think the sort of idiots running around pretending "everything;'s something!11" are doing deaf people a major disfavor.
mircea_popescu: eh, while i can appreciate the theoretical beauty of this "fuck you, i'm a dragon" approach, i do not credit it any. in fact, i think it only exists because the context is of the "fuck you, dragons" nature.
jurov: and they hate the 1:1 attempts to translat speech into signs
mircea_popescu: (i didn't mean speech as in the sound thereof)
jurov: not for prelingval deaf, the "grammar" is purely visual
mircea_popescu: (In linguistics, an adjunct is an optional, or structurally dispensable, part of a sentence, clause, or phrase that, if removed or discarded, will not otherwise affect the remainder of the sentence.)
dignork: jurov: afaik it was russian project where they tried to build complex software, like space c&c.
jurov: and woinder if they have known what we know of retina, how would it end up
mircea_popescu: well actually, yeah, this is what i do :) my fucking thesis was on the limits of knowledge.
jurov: but i consider things like drakon editor a feeble attempt led by gut feeling of russina mathematicians
mircea_popescu: and if you can't do that, which is the absolute bare minimum of communication, you can't do anything meaningful.,
mircea_popescu: only because there's a textual context to generously support it.
jurov: there was the cad example, for curves that meaningfully stand for something
mircea_popescu: i think the bitrate approach misses the fundamental point here. you'll never beat the bitrate of "put out random pixels" with any bitmap approach.
jurov: even if, the knowledge is not yet being used in practice to achieve better bitrates
mircea_popescu: that somehow didn't emerge. so wait, reverse engineer the retina ? in what sense ? it's pretty well described as is
mircea_popescu: that said, feel free to draw out your love and other emotions, preferably directly on the object, with sticky matter.
mircea_popescu: the day someone makes derp++ and starts iterating splines in a cube conditional, we can revisit this.
jurov: i concede all the other attempts were feeble, but it may not be the ultimate case
assbot: Logged on 10-03-2015 00:04:10; mircea_popescu: i can accept that SOME PEOPLE actually need their monitor to graphics. so make a gamestation. otherwise, we're fucking literate, we're not women, nothing beats text. ever.
jurov: http://log.bitcoin-assets.com/?date=10-03-2015#1047115 << implies that text is by far fastest/most reliable channel to push bits into the brain
adlai: what really amazed/disappointed me was that NONE of the initial press coverage of 'soylent cream' mentioned 'soylent green'
cazalla: i enjoyed it but it's not exactly up there amongst my top fav cult films, that spot is claimed by a chinese ghost story and the young and dangerous series
adlai spent >90% of his lifelong screen-watching-time in the army
adlai: hmmaybe? i just watched whatever the other sergeant said was a movie we had to watch
cazalla: in the June timeframe — to have a scheduled hardfork to increase the block size in it. I probably won’t get there. It’ll probably be in the release after that, but we’ll see.
cazalla: I’m actually, right now, working on just getting consensus among the five, what I call, core developers — the five developers who have push access to the git code. I think I’m getting close to convincing them that we have a plan that will work. I’m probably going to have to write some more code . . . I think we have a year to eighteen months. I would love the next release of bitcoin — the next major release, which will be sometime
davout: ;;rate justusranvier -10 not sure whether the guy is malicious, stupid or both. either way...
gribble: You are now authenticated for user davout with key 13288EAB01713428
gribble: Error: For identification purposes, you must be authenticated to use the rating system.
davout: ;;rate justusranvier -10 not sure whether the guy is malicious, stupid or both. either way...
assbot: Successfully added a rating of -10 for justusranvier with note: not sure whether the guy is malicious, stupid or both. either way...
davout: !rate justusranvier -10 not sure whether the guy is malicious, stupid or both. either way...
gribble: The operation succeeded.
cazalla: ken park was another
cazalla: thestringpuller, ya see hotline miami 2 is out.. i didn't, it's fucking banned in australia lol
mircea_popescu: for that matter, it is unclear to me that the notion of "fonts" adds any value whatsoever and is anything other than shitgnomism, 80s flavour.
mircea_popescu: the world was apparently content to wait fifty fucking years for us to come along
ben_vulpes: x11, the whole nine.
ben_vulpes: it's a trillion dollar project if you swallow the whole spitoon of what constitutes modern computing.
ben_vulpes: the argument deserves surfacing.
mircea_popescu: a pretty good place to deploy them, too.
ben_vulpes: i know this, but for the loggerheads.
assbot: Logged on 10-03-2015 00:04:10; mircea_popescu: i can accept that SOME PEOPLE actually need their monitor to graphics. so make a gamestation. otherwise, we're fucking literate, we're not women, nothing beats text. ever.
ben_vulpes: http://log.bitcoin-assets.com/?date=10-03-2015#1047115 << this is why i don't quite buy the "trillion dollar project" argument.
mircea_popescu: i guess the answer im looking for is no.
mircea_popescu: well if they sold all the doge in the world...
BingoBoingo: No idea if they have? can they afford a tld?
mircea_popescu: hey, has doge registered the .moon tld yet ?
asciilifeform: there is also colonization and industrial rendering for biodiesel.
mircea_popescu: <decimation> other than being a megalomaniac and/or sick fuck << kinda the definition.
ben_vulpes: y'no see the tag, and the drapes, and the tag, and the being of in the bathroom?
asciilifeform: or other pet
cazalla: my staffy lived for 16 years and she was only permitted into the laundry
asciilifeform: ben_vulpes got the dog properly level ?
cazalla: i love dogs but a dog in the house.. i dunno mang
ben_vulpes: also tonight the beast acquired a new trick: "hold the fuck still while i put things on you"
asciilifeform: and then put back on shelf or in bag
decimation: more interesting are all of the server motherboards, but it seems like support is limited to old opterons
decimation: the main issue are all the peripherals. they sort of work.
asciilifeform: decimation: iirc 'efi' (standard apple/sun/sgi bootloader) a) has published source b) doesn't do particularly much in the first place
decimation: asciilifeform: re: old macbooks < apparently coreboot supports the old 1,1 and 2,1 macbooks
cazalla: not that i'd buy one, but at least these new mac laptops have 16:10 display.. with all the 16:9's doing away with master race 16:10's, it must be coming back into fashion
decimation: because unlike reactionaries, nobody on the left can actually claim to legitimately vest sovereignty in a particular person - all leftist government are of a temporary and emergency nature
decimation: on another note, another lesson to learn from the french revolution: the problem with being a lefty populist is that there's always someone else who is a little more left and a little more populist
decimation: other than being a megalomaniac and/or sick fuck
decimation: mircea_popescu: re: terrorist < eh, I don't see it. what does it benefit the terrorist to even bother?
mircea_popescu: these guys must be really good.
ben_vulpes: the troll who trained shanley? blocking trolls?
ben_vulpes: her mother's been banging on for a visit recently
ben_vulpes: ahaha so let me trumpet the superiority of my woman for a moment
mircea_popescu: a normally functioning economy would incentivize him to get out of the loop, by for instance starvation. however... all this desire to "help people" the wrong way, and the overpowered and hyperactive mothers that overprotect the squirrulous fruit of their womb makes any sort of meaningful rescue impossible.
mircea_popescu: i suppose the terrorist can then wipe his bloody tool on reddit screencaps printed on archival paper
mircea_popescu: for all the difference that'll make...
decimation: heh. others of his kind post on reddit about how terrible this is
mircea_popescu: there's no easy ways out.
decimation: then he's lowered into peasant-hood and has to work to eat?
mircea_popescu: that's the 3rd degree. soon enough the whole charade collapsed.
mircea_popescu: these are 2nd degree. then the town he lives in goes to shit, because no servants can be found, so smart people leave and usg moves in.
mircea_popescu: and also the sort of self discipline that job forces on him, so he is now also fat.
mircea_popescu: this does not cost him just the 380, but also the ease of interacting with people that job would have forced upon him. so he has no girlfriend.
mircea_popescu: ie, random imbecile 20something figures it's ok for him to forego employment as the guy bagging my groceries on the grounds that he can do without the 380 a week that job pays, and besides, he's a college grad! so he plays wow.
mircea_popescu: the 2nd and 3rd degree losses from this far outstrip the 1st degree.
mircea_popescu: the job thing cuts so low that it is absolutely NEVER the case ANYONE couldn't find a job. it's just they do not wish to do the jobs available to them.
decimation: there is a mystery: plenty of folks sit around all day playing WoW, etc for hours, and yet cannot find a productive 'real job'
mircea_popescu: just like the pizzeria that gives you a cute plushie isn't necessarily going to be the best pizza for your buck.
decimation: it might yield interesting patterns across large demographics, but the bridge of causality has yet to be constructed
decimation: the ability solve random puzzle games probably has nearly nothing to do with being a productive employee
decimation: actually he is making exactly the same error that you claim the iq testing guys are making
mircea_popescu: i suppose this is going to be the next personal trainer.
mircea_popescu: i knew that church idiot wasn't the only cockroach in the kitchen
decimation: ben_vulpes: lol, maybe we can 'seo' the brains of prospective hires
danielpbarron: i guess it wasn't bitcoind that caused the power cycle; just happened again just now and it wasn't running..
assbot: Supported Motherboards - coreboot ... ( http://bit.ly/1AbjsbB )
decimation: asciilifeform: http://www.coreboot.org/Supported_Motherboards < note the complete lack of modern intel xeons on the 'supported' list
decimation: the macports 'emacs-app' works fine for me
decimation: re: 'what do they do: http://acrossdifficultcountry.blogspot.com/2009/05/far-out-space-nuts.html < related “The Americans have gone to the moon. And the Russians. The Chinese and Indians will go there soon. Africans are the only ones who are stuck here,” Museveni said, addressing a meeting of the Uganda Law Society in Entebbe.“We must also go there and say: ‘What are you people doing up here?’”
assbot: Logged on 09-03-2015 23:56:03; asciilifeform: lol, rappoport! directly affiliated with d. icke, iirc? who gave us the lizards ?
mircea_popescu: i'd prefer the opposite of b, but in no case am i interested in anything but the opposite of a.
assbot: The lying liars who lie about psychiatry « Jon Rappoport's Blog ... ( http://bit.ly/1NCtzjU )
mircea_popescu: "I’ve always been curious what all these people have been up to in the Valley. Where do they go all day? What do they do? If we are so surrounded by lackluster talent, how do we build all of these companies that seem to be taking over the world?"
mircea_popescu: props to the idiot women running tech crunch nowadays tho, going to town with their typically idiotic "we claim nonsense as fact, because bois are generally too shy to tell us to stuff it"
assbot: Logged on 08-03-2015 19:31:23; decimation: http://techcrunch.com/2015/03/08/on-secretly-terrible-engineers/ < mostly rambling but has an interesting point "The difference between finance, management consulting, and engineering is that the first two fields have status hierarchy, and the third one doesn’t."
cazalla: i read they grow em next door in chile.. quite nice (old guy over the back has a tree)
danielpbarron: spaceghost is the show ATHF spun off from
mircea_popescu: if they do i never had one
mircea_popescu: what sort of contest was there.
mircea_popescu: the fact that it's one of the lamest "superheroes" (ghost something i dun recall) of one of the lamest "brands" (hanna-barbera, makers of utter age of crap atrocities like scooby doo and the jetsons) only bolsters the point
assbot: Logged on 08-03-2015 19:09:12; thestringpuller: punkman: keybase is forcing users to trust in central authority rather than forcing users to learn "their lessons"
mircea_popescu: this mentioned mostly to explain why om malik was never worth anything, and the "entrepreneurship" he deludes himself with / defrauded naive investors with pure puff.
mircea_popescu: which is why he is a central figure, and a nail off which many hats are hung. the moment he comes loose off of that, he lost it all.
mircea_popescu: isn't nice"/up to whatever libertarded snuff miss the point by a planetsize. his capital 100% consists of reliably telling "authorities" to go fuck themselves. sorta like me, in his field.
mircea_popescu: all the derps derping derpage about how linus "iusn
assbot: Logged on 08-03-2015 18:49:19; asciilifeform: a good chunk of the reputation of linus t. is that he's been fairly effective at keeping a lid on this kind of thing, historically
mircea_popescu: maybe they were going for that then
mircea_popescu: asciilifeform that thing is pretty much THE showcase thing, about 20 feet tall, two blocks from center of town, right by natl theatre
decimation: so the eu announced they would be printing euros, and in reaction german gov't bonds... rallied?
mircea_popescu: That's the thing. It looks like it should work, on the surface. If you don't dig too deeply, you may even come to the mistaken belief it worked for others. Meanwhile... Social Studies Do Not Work."
mircea_popescu: goes with my "Remember the inept newsweek goon, Leah McGrath Goodman ? The chick with the mortgage she can't pay on her own ? Like that other chick, like each and every other chick in this quagmire of chickdom ?
mircea_popescu: "Gigaom is winding down and its assets are now controlled by the company’s lenders. It is not how you want the story of a company you founded to end. " << ahaha. this is so fucking convenient.
asciilifeform: as in, from what day's the room booked, and till what
mod6: mircea_popescu: is someone coming to pick me up from the aeropuerto tho?
mircea_popescu: <asciilifeform> mircea_popescu: anything damning we ought to know about 'Aerolineas Argentinas' ? << i think they've notlost a plane yet.
decimation: but apple isn't in the business of making functionality
asciilifeform: decimation: it's a remote for iPnohe. mega-snore. other vendors had these ages ago.
asciilifeform: decimation: almost certainly the cheapest crystal (if any! might well have rc oscillator!) - given as the thing only works with iPnohe, which has always-on tcp
decimation: re: apple watch < my question: did they spend an extra $10 for a temperature compensated crystal oscillator or does it have a cheapass crystal which requires constant correction
decimation: apparently the state department 'officially admitted' that the passports were insecure and leaked info
decimation: http://travel.state.gov/content/passports/english/passports/FAQs.html < " Laser engraving and state-of-the-art security features minimize the possibility of counterfeiting and forgery. The card is issued with a protective sleeve that prevents the card from being read when not in use."
mircea_popescu: <ben_vulpes> i have to pay the reciprocity fee again don't i << reciprocisquat all the names!
mircea_popescu: <asciilifeform> the ar entry fee gizmo, that is << i don't think you can readily imagine how tech retarded the argentines actually are.
decimation: asciilifeform: re: passports < did you notice that the us state dept. now issues an 'rf proof' sleeve with all passports?
cazalla: not that it's notable, just serves as another example of what is to come for similar sites
asciilifeform: why this death is notable? did they go down 'in style', taking $maxint of chumpmoney into neverneverland with them ?
cazalla: here is the text from gigaom site if it's not loading for you http://dpaste.com/0BDQPTS.txt
cazalla: gigaom was some tech site or other, never really read it tbh, just knew of the name
asciilifeform: the price alone suggests that it might be their version of 'aeroflot'
cazalla: but i don't use my phone much at all now since i was relegated back to iphone 4 after smashing the 5, if it wasn't for google maps i'd get rid of it
cazalla: danielpbarron: i created a folder to dump all the undeletable apps and hide the whole thing on the last page <<< hah i do this too and the folder is titled useless
mod6: i wont be there until like 9-10am friday morning. i leave on thursday afternoon.
asciilifeform: if you're expected to speak into the wristwatch
asciilifeform: why not make these briefcase-sized again
danielpbarron: i created a folder to dump all the undeletable apps and hide the whole thing on the last page
danielpbarron: that meowmix character found me on another irc network -- i recognize the hostmask; it appears to be from my area as well
mod6: <+asciilifeform> the ar entry fee gizmo, that is << lol wtf, you have to pay a 'reciprocity fee'?
BingoBoingo: asciilifeform: I've seen the "amusement park ticket" requirement for Argentina.
ben_vulpes: they actually won't let you on the plane without the paper printed out.
ben_vulpes: it's my own statal agents i've gotta convince the papers are legit.
ben_vulpes: ars is not actually the problem.
ben_vulpes: but it's filed under the old name.
asciilifeform: ben_vulpes: at any rate, their online store thing claims it's valid for 10 yrs.
ben_vulpes: asciilifeform: the link in question is about amazon's use of emacs in their frontline customer support
ben_vulpes: somewhere in there
ben_vulpes: i have to pay the reciprocity fee again don't i
asciilifeform: other u.s. folks take note!
asciilifeform: the ar entry fee gizmo, that is
asciilifeform didn't stick with it long-term, but that's a story for another day
asciilifeform once took the theory described above by mircea_popescu to its logical conclusion and bought an ibm 'green phosphor' tty.
mircea_popescu: you will not behehehelieve the improvements of productivity once you simply do not any longer support the methods of timewasters.
mircea_popescu: so then.
asciilifeform: cad is a bitch with raw tty, but otherwise can't not agree
mircea_popescu: i can accept that SOME PEOPLE actually need their monitor to graphics. so make a gamestation. otherwise, we're fucking literate, we're not women, nothing beats text. ever.
assbot: Logged on 08-03-2015 19:03:30; asciilifeform: the folks who are willing to use 'lynx' for 100% of their www needs already know who they are.
assbot: Logged on 08-03-2015 18:48:35; asciilifeform: whereas the real issue is, whether google should be permitted to stuff arbitrary strange into mainline kernel on their say-so
assbot: Logged on 09-03-2015 19:44:57; ascii_field: 'i counted, read the cards on the wreaths. said things like, 'from wife', 'from son', 'from mother-in-law' - but none said 'from vodka.' nobody died from vodka.'
assbot: AIDS Inc.: Scandal of the Century: Jon Rappoport: 9780941523035: Amazon.com: Books ... ( http://bit.ly/1ENjGvP )
asciilifeform: sorta like the 'if it works, it's not AI' thing
asciilifeform: 'THERE ARE NO DEFINITIVE LABORATORY TESTS FOR ANY SO-CALLED MENTAL DISORDER.' << this is known to anyone with even a vague, passing interest in the subject.
assbot: The lying liars who lie about psychiatry « Jon Rappoport's Blog ... ( http://bit.ly/18wrOnH )
asciilifeform: lol, rappoport! directly affiliated with d. icke, iirc? who gave us the lizards ?
mircea_popescu: saifedean the way this works is you have ot link it
saifedean: if you want to go a little bit beyond TLP, try a man by the name of Jon Rappoport, and don't be intimidated by the cookiness... this guy was onto this stuff decades before TLP... and is far ahead
mircea_popescu: in the 70s, the occasional girl that went "i prefer older men" was kind of a freak. in the 90s, it was common enough. by now... i don't think any girl with options goes for boys her age. and so... there's your overclocking.
asciilifeform: saifedean: as tlp describes, the 'disorders' are a socially-acceptable means to get officially approved to take various psychotropic drugs, for those who go in for this
asciilifeform: but the traditional '90s obsession over clocks...
mircea_popescu: i don't think the average smartphone user is smart enough to know what the cpu does.
saifedean: my brother is in med school and today he reported to me that according to the latest DSM, 25% suffer from psychiatric disorders... won't be long before they get this up to 100%
asciilifeform: like the canned soups that are more and more water by mass each year
mircea_popescu: asciilifeform so is this sheer incompetence, or is china ever so delicately strangling them ? "first, you get them made for free. then, you get them made for ten dolla, but you have to give us the blueprints. then, we only make them for you out of 2nd best items. and then... wait, you're still here ?!"
asciilifeform: saifedean: except that it's a transparent scam, i, for instance, have the highest grade 'insurance' publicly sold in my locale, and it still offers nothing like the conditions found in civilized world
mircea_popescu: they WERE in soviet russia after all, kulak's diseases.
mircea_popescu: i wonder if diabethes and gout will become punishable offenses in the us the way all sorts of "psychological" imagined stuff is.
asciilifeform: i saw the figure and went 'wtf, what is this, some weirdo VLIW cpu with perversely spiffy pipelining?!' then rememberd 'nope, this is a garden-variety 'pentium m' box...'
saifedean: "and hey! When I exercise my god-given right to diabetes... Obamacare will be there for me"
mircea_popescu: asciilifeform and unlike the nkvd, they didn't even have to twist anyone's arm to keep quiet.
mircea_popescu: saifedean people generally have an inborn, deeply selected ability to only hear parts. so, through this approach "we pay you 10k in salary on the condition you spend no less than 11k a month" sounds like a good deal.
asciilifeform: mircea_popescu: this was an actual 'news'. today they advertised various machinery, with slower clock than a year ago.
saifedean: i don't really understand how anyone could want to live in the US in this day and age... anybody who chooses to go live there is essentially an other-determined dweeb who cannot think for themselves and just follows what the tv tells them
asciilifeform: distinct from the official letter of the law
mircea_popescu: i dunno... the "i'm not a snitch" thing floats to the point of "what is an american' in my head.
asciilifeform: like in any other totalitarian pisshole
asciilifeform: it was 50y ago too, theoretically
asciilifeform: saifedean: i actually went to a special school where they manufactured these!
saifedean: the lawyers are the best people in DC, and that says a lot
mircea_popescu: but then they started cutting up the hitchhikers
saifedean: i lived in DC for a summer and interacted with the residents... my theory is that DC has collected every single shitty asshole/teacher-pet/snitch/scummy loser from every single high school in the world to go live there... no matter where you were in the world, if you were a terrible piece of shit in high school, you found a way to get to DC by age 30
mircea_popescu: we will once you're done playing with these ones.
saifedean: yeah, the debt is enormous, and the CB keeps the government on a tight leash with it... banks are all well-capitalized and keep rolling over the debt for the government... but the government can never go crazy and do 5-year-plans or giant infrastructure projects or whatever
saifedean: but DC is the major league of stupid... the stupidest and scummiest of beirut and bucharest and everywhere else go to play in the majors in DC
mircea_popescu: imagine all the stupid of wash dc done louder by stupider people. also in a swamp.
saifedean: pegged to the dollar, but since the dollar is always falling, and the CB's gold reserves aren't, this makes the CB very comfortable
saifedean: washington is a fucking shit-hole, i wouldn't live in it if you paid me 20k a week instead of rent, there's no city worse on the planet
punkman: saifedean: hard money, dude! << but pegged to the dollar?
mircea_popescu: saifedean sounds a lot like very early romanian. what do they speak even, misr ?
saifedean: i've traveled the world and never seen a place better, the more i travel the more i fall in love with this place...
mircea_popescu: saifedean yes, but they support "ideas", and then soon enough vote, and riot.
mircea_popescu: as im not terribly in the mood...
mircea_popescu: saifedean from where i sit the only sane reason to go to lebanon would be the same as 1k years ago : to start a crusade.
saifedean: there's tons of refugees from syria, but they mostly come here and work, there's no welfare state to speak of so immigration is not really a problem
saifedean: this place went through 15 years of civil war though, everyone has had their fill, and nobody wants a repeat, and people are far, far, more careful than in other places... people hjave just learned to ignore all the drama and live their life... all the "violence" and "insecurity" after all, does not amount to half of a chicago
mircea_popescu: no but seriously, there's what, half a million muslims refugeed there now ?
saifedean: it'd be swimming with british stag dos and russian billionaires otherwise
saifedean: yeah, the fear of the country falling over is what keeps it so wonderfully beautiful, as it keeps out all the unwanted visitors :D
saifedean: im not even lebanese, i went to university here, then lived in london and new york... the move from beirut to these anglo shit-holes was a culture shock, there is no comparison... as soon as i finished my phd and got an offer from a lebanese university, i didnt hesitate move back
saifedean: and some of the world's best food, women, and wine...
mircea_popescu: yeah, but they have to compete with ohio's 150 a month or w/e it was.
saifedean: views on the mediterranean and the snow-covered mountains... 24 hour delivery services to get you anything you could possibly imagine
saifedean: the reason is that they still have sizeable gold reserves, unlike the rest of the world's troglodyte central bankers chasing returns and playing etrade accounts with their reserves
saifedean: but then when the rubble settled down, the central bank set the currency at 1500 Lira/USD in 1992 and it has not budged since
saifedean: it was 91% before the war, then the socialist scum managed to fuck shit up in the war, and destroyed the currency in 1983, it went from 3 Liras/USD to around 2,000Lira/USD
mircea_popescu: state of the art spamatron, for the curious : http://dpaste.com/1FPT1XY
saifedean: people don't really have shitty bezzle careers, they have actual productive jobs making useful things... like furniture and food
saifedean: the fact that this place has almost-hard money makes a real difference: there is no bezzle here, there has never been a stock market crash, housing crash, or any kind of business cycle
danielpbarron: thestringpuller, "A screenshot of the Abra app" << should this not be hosted on qntra?
saifedean: the value of the gold in the central bank's reserves at market price was equal to 91% of the value of all the currency
saifedean: the entire civil war drama was basically communist-funded trash trying to destroy the central bank and currency
saifedean: this is really one of the last civilized places in the world, because it's got the hardest currency in the world... you can see lack of socialist decivilization in everything here...
saifedean: oh no, there's a lot of ruin to be made in this place, and the socialist scum have been trying in vain for decades...
mircea_popescu: this exact thing was a problem, written down as such, exact words, in 1914. and since forever : central government attracts town loafers, who then derp about.
saifedean: the socialistards have been pressing for start-up funding and environmental projects, and the CB has obliged with some low-interest loans and funding conferences and start-ups and publicity... what could possibly go wrong
mircea_popescu: what will the kids figure out later ? oh, that - to go no further than latest trilema - jared son of charles got 40mn "investment" from x and y while charles was in jale because campaign donations and other issues related to x and y.
saifedean: the central bank here is probably the world's best, the currency has the highest gold cover of any currency in the world, they banned the banks from investing in any securities and compeltely avoided the 2008 meltdown...
saifedean: there is such a giant start-up culture in lebanon these days thanks to Central Bank bezzle, everyone and their dog wants to make a start-up... nobody wants to actually do something, just pontificate on start-ups and entrepreneurship
mircea_popescu: anyway, re the "questions asked" : in a total nod to asciilifeform's "merit washing" ideas, by now the point isn't even to have any sort of product, as it hasn't been for decades, noreven any sort of plan. they "invest" in "great teams", nao. "kids will figure it out later".
mircea_popescu: saifedean this is the prevailing view by now imo
thestringpuller: mircea_popescu: that sounds like a great video game premise for learning purposes. "Flip the ponzi"
gribble: The operation succeeded.
saifedean: my working theory is that any "entrepreneur" who engages in any form of 'event' about start-ups or entrepreneurship is not an entrepreneur, and has nothing interesting to offer the world. if they did have something interesting, they wouldn't have time for wankery
mircea_popescu: otherwise, the pension funds end up hodling anyway, and the fed rescues them, and here we are.
mircea_popescu: anyway, "society" is broad. the vc game is just to flip the ponzi to larger fools. they succeed 55% of the time or so.
scoopbot: New post on Qntra.net by thestringpuller: http://qntra.net/2015/03/digital-hawala-for-the-poor/
mircea_popescu: mike_c in all probability the last pitch meeting where the investors asked something sensible was cca 2002.
thestringpuller: it's spam tho! from the sketchiest of recruiters.
thestringpuller: "Hey thestringpuller, would you like to hear about this wonderful development opportunity with a fast growing company you've never heard of?!?!?"

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