Mats_cd03: all of the consumer versions of quadcopters suck balls
mike_c: he must not have agreed to the banker suicide pact.
bitcoinpete: the sec can't even nail down fiat businesses
bitcoinpete: “We believe that all of the expenses the SEC was complaining of were permitted by the limited partnership agreements and Delaware law,” said Aegis Frumento, a partner at Stern Tannenbaum & Bell LLP in New York, who represents Brittenham and the firm. “We have every confidence at the end of the day that these charges will not be found to have been fraudulent under the Investors Advisers Act.”
bitcoinpete: i was using "vehaha", then saw that mp had already played on it, so i adopted his for the sake of continuity
bounce: looks like a typo in the guy's surname
bitcoinpete: for enlightenment and enjoyment, i picked apart peter vehehes' latest "Annual Letter from the Chairman of the Bitcoin Foundation":
gribble: The operation succeeded.
bitcoinpete: ;;later tell wywialm thx for reading. i suspect that both prices and wages are downward rigid. the effect of this will be the necessary checking of egos. hunger will loosen up that rigidity before long. the human competitive streak will soon come out --> renaissance.
Apocalyptic: "the decision to postpone the event was a direct result of a negative response from government authorities or more specifically, The Federal Security Service of the Russian Federation, the FSB"
keonne: mjr for the love of irc learn to screen session
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
BingoBoingo: herbijudlestoids: It probably really depends on the customer.
BingoBoingo: herbijudlestoids: Nothing I can think of off the top of my head
keonne: I then started on a path off researching the histoy of the bar mitzvah; and was suitably disgusted
cazalla: hopefully the ass drops out of the aussie market so i can buy my supernode castle in tasmania cheaper
mircea_popescu: in other news, us rents now $330 ?!
mircea_popescu: i guess if you're waiting for it to make you rich and got rent to pay, there's no dropping like stability.
mircea_popescu: this is getting to be lulzy, for the past however many weeks it's been glued to 450, people keep coming in asking omg why is it dropping!11
jurov: thestringpuller aye
davout: benkay: http://www.youtube.com/watch?v=FVKb3DwPFA8 his faces are almost as good as the music
mircea_popescu: to tell him about how "nobody could have drawn a rocket on the wall it just couldn't have been done"
mircea_popescu: so suppose he were much more efficient at it. he had more money therefore. and now he could hire... condolezza rice.
mircea_popescu: partly because the pope was quite inefficient at either taxing or dekulakizing him out of existence.
decimation: da vinci was in the pope's wot
mircea_popescu: no but did da pope hire da vinci or did da vinci hire the pope
mircea_popescu: people' fucking irrational fear of people being ironically the most notable obstacle for those same people.
bounce: what? you're rich and powerful. you could hire a competent writer, or ten, and only keep the best one or two books
thestringpuller: the people who can't write books shouldn't write books...
mircea_popescu: i can't even begin to imagine anyone'd actually want to be stuck having to do everything by hand because well nobody else does because nobody else can because they fucked it all up.
mircea_popescu: suppose you'd rather do something else with your free time than having to write fucking books because everyone else is too retarded to write the books on their own and they just flock to the fucking gamew instead
bounce: to some it's not merely necessary to win, but for others to lose. turn a non-zero-sum game into a zero-sum game, why don't you.
bounce: it's a matter of attitude. why even bother spend any effort, money, whatever, on keeping the (not that uncultured part of the) plebs down? so many other things you could do with your wealth and power. what do you value? well, those values apparently aren't that highfalutin', after all.
decimation: one can sympathize with the impulse of the rich and powerful to keep the middle down, if only so that they are the only yacht-owners in the harbor
decimation: "Nor was FDR, as commonly asserted, a "traitor to his class" - anything but it. FDR's beliefs, or at least his speeches (in one so seldom praised for candor, the inference of any actual conviction is at best an exercise of imagination) can indeed be studied as almost perfect reflections of the intellectual fashions of America's apex upper class, the socialite-socialist aristocracy. These fashions have changed somewhat since 1933, but not that
decimation: mircea_popescu: dekulakization is nothing novel. << moldbug points out that FDR had the same motivations http://unqualified-reservations.blogspot.ca/2010/03/true-election-practical-option-for-real.html
mircea_popescu: keonne that was part of the joke see.
benkay: hey thestringpuller
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
mircea_popescu: in other news, the commanding officer of the romanian special forum-extraditions-and-other-lulz unit invited me to his daughter's bar mitzvah unexpectedly.
mircea_popescu: every customer either raped or satisfied within one hour.
mircea_popescu: you wouldn't want either to rob yourself of the collective wisdom of this space, nor to rob the history of same of your valuable contributions
mircea_popescu: there's no javascript involved in any sense.
keonne: Then my reading comprehension sucks
robwhiz22: You wrote me: "The best approach would be to join #bitcoin-assets on Freenode. Both me
keonne: okay - I've read more than 5 articles today, however the counter says I have four articles remaining. Now about my browser config, cookies are set to destruct after tab close and javascript doesn't run unless I authorize it
mircea_popescu: in other news, your wife is cheating on you.
keonne: yes it was, mostly because i wasnt aiming to file a bug, rather, alert you that you should fix your shit
mircea_popescu: the outrage was eventually their undoing, they were banished, socrates was identified as the guilty party, one removed.
mircea_popescu: so that nobody could safely extricate himself from their lot.
mircea_popescu: then they proceeded to implement their very own, context-adequate version of taxation/dekulakization : they ordered the citizenry to commit murders
mircea_popescu: socrates spent his life empowering the youth with the tools of the mind. once htey came of age that youth turned around and took over the city, ie, the world.
asciilifeform: 'corrupting the youth', hemlock/exile, hemlock, 'give a chicken for asclepius for me', 'drink this & walk around a bit', croaks
mircea_popescu: i dunno dood, as you know the story, tell it to me.
bounce: http://www.theregister.co.uk/2014/04/04/chinas_bitcoin_exchanges_begin_pulling_down_the_shutters/ -- ``The FXBTC exchange has posted a notice saying that it received the instruction by telephone [...]'' just call up, say you're PBOC, and tell'em to shed customers. done!
keonne: thats a very good piece (http://trilema.com/2013/youre-the-guy-who-wasnt-good-enough-to-sling-dope)
keonne: If this weren’t the case you’d have probably seen good numbers of fourteen year old pasty ass boys from Ohio and Connecticut running away from home to “become Cowboys!!!” only to end up the cum rag of some hobo or other.
dexX7: yea true. but you need to differentiate between the underlying "signing of some binary data" and an application on top which is used by humans. the later one would benefit from ascii only + some delimiter etc.
bounce: anything non-ascii is easily a problem. which is endless fun since various utf-8-ised s/w likes to insert fancy replacements for basic things like apostrophes that then get mangled in interesting ways in transit
dexX7: yea, i'm not sure what the issue was, but brainwallet somehow had a problem with a special character in the message
jurov: if it can't do <verbatim> just add there .txt to download
mircea_popescu: a final curlique on the dekulakization topic. asciilifeform you familiar with how socrates died ?
dexX7: true. and especially with brainwallet.org there were significant problems
asciilifeform: speaking of dekulakization: has anyone considered the 'partizans' hypothesis re: the dead JPM folks?
mircea_popescu: first off who the fuck is threatened by smart young people ?! and second off... jesus fuck i've seen their lives and their dens, they're boring and dismal.
mircea_popescu: and this actually comes to the core of the ideological opposition here. i simply do not like this "no middle" burned ground crap.
jurov: http://log.bitcoin-assets.com/?date=04-04-2014#604120 << dexX7 but i never got the same address from brainwallet as was actually used
asciilifeform: can't see how anyone who ever so much as set foot in the u.s. could disagree here.
mircea_popescu: it's a middle pruning control strategy, the exact equiv of raising taxes "for social good"
mircea_popescu: it doth not hurt the rich
mircea_popescu: now, dekulakization is EXACTLY the same.
mircea_popescu: see, the fact that i made the fu berkshire bet and the fact i pay about 2.85% a year on average are related.
mircea_popescu: however, there exists a center of people who can't afford good tax shelters, and who could, if left undisturbed, come to one day challenge him.
asciilifeform: game theoretically 'dishonest signal'
mircea_popescu: buffett structures the hell out of his deals to avoid taxation.
mircea_popescu: you familiar with buffett pretending taxes "at the top" aren't high enough, and with gates donating his fortune to "good causes" and so on ?
mircea_popescu: the us has borrowed past what it can repay.
asciilifeform: of course, there's a flip side to playing this game. eventually mr. dirt invents dekulakization.
mircea_popescu: now, when people such as me say the us agencies will have to learn to play ball or not exist,
mircea_popescu: his asshole was the point going in.
asciilifeform: this is, arguably, the oldest form of credit?
mircea_popescu: i did it myself, and quite publicly at that. remember the patrick harnett case ?
mircea_popescu: there's a very good fundamental reason to extend credit you know will never be repaid.
mircea_popescu: you remember my story with the jewish money lender taking a painting and other payment in kind for debt ?
mircea_popescu: but if not, there's always credit.
mircea_popescu: which is the deep reason for the http://trilema.com/2013/youre-the-guy-who-wasnt-good-enough-to-sling-dope/
asciilifeform: mircea_popescu: there's a kind of phase transition ahead, when it begins to cost more to 'work for google' than... it pays
mircea_popescu: much in the manner hearn is using his "i was at google" thing.
mircea_popescu: they can then use those on the stripper and prostitution circuits as extras "cause we're pornstars"
mircea_popescu: for the same reason most girls with great fuck videos PAY to participate.
mircea_popescu: the same shall soon apply to tech, we're witnessing a "professorisation" and "tenurisation" of tech.
mircea_popescu: sure. to take things from yet another angle : you're familiar with greenspun's analysis of why women don't go into science.
asciilifeform: much of what the chumpers 'buying' houses in usa are paying for could be had for considerably smaller cost - e.g. physical security, caste isolation, etc.
mircea_popescu: it's getting there, and soon sv will be in fact chinese dormitory style.
mircea_popescu: so anyway : only recently has tech become respectable, and as such it couldn't historically afford the huge bezzle-usd load of owning real estate outright.
mircea_popescu: what else in this world is there for her to salivate for ?
asciilifeform: as if the money is actually their own, and not simply put in their hands for a few minutes to salivate over.
mircea_popescu: buffett still does not invest in them because, politely, "he doesn't understand them", but factually "not in his wot"
asciilifeform: the most frustrating part is the folly of the engineers, who salivate after the '$300k sv job'
mircea_popescu: yoiu have to consider the history : only very recently have tech companies become "Respectable"
mircea_popescu: well that's where they're headed.
mircea_popescu: efficiency is a COO not a CFO job. in other words, you don't reduce it financially
asciilifeform: because they, for some odd reason, demand a ridiculous geographic concentration of engineers
asciilifeform: mircea_popescu: they way i understood it, the sv folks aren't actually paying engineers in particular. they're paying the real estate industry to (inefficiently) house them.
mircea_popescu: it does however stress the distribution of turkeys, if nothing else then because new price tags keep having to be printed.
mircea_popescu: asciilifeform ok. considering the what/how debate as accepted foundation : at any time there's a number of turkeys and a number of engineers.
truffles: this is one pleasing to the eye resume for sure
mircea_popescu: punkman srsly, make a blog, write up one of these a day, each day, for a year.
truffles: confined to the home already mp
asciilifeform: mircea_popescu: if you've the time, would be interesting to hear more re: the fate of the engineers.
mircea_popescu: hard to call, really, because the minerals exploration business (as discussed previously here) is kinda builty to work like this and there do exist occasional legitimate corps that get the brush treatment anyway
punkman: they got like 5 of those
mircea_popescu: QUOTE: "This is why the term "fictitious profits", definitely applies.
mircea_popescu: "The CEO of GreenBank has over 40 years experience investing in small caps"
mircea_popescu: punkman you're the most gifted person i know.
punkman: mircea_popescu: i have these episodes every couple of days, I see URLs in my epileptic visions
gribble: The operation succeeded.
mircea_popescu: ;;later tell moiety localbitcoins had some technology-enthusiastic policemen pull some "sting operations", which were kinda lulzy in their braindead stupidity but probably spelled out actual financial and emotional pain for the unfortunate parties to get involved in the bureaucracy's quest to justify its continued existence. i imagine it's gone as a result.
mircea_popescu: chetty the irony here is that whether he is actually physically distinct from the next derp or not makes little difference. stupidity is quite fungible.
mircea_popescu: when forumanon says of mp what obama&co say of putin, we know we're living in the best of possible worlds.
mircea_popescu: but the leaders of the sheeple bleating this nonsense on the forum said the same thing about the man that spanked them.
truffles: internet, i know its the best thing ever
mircea_popescu: truffles it's good you have the internet, because you can thus acquire even more parts you don't understand to build even larger the pile of dysfunctional junk that is your brain.
mircea_popescu: now i can finally get to the best part of my day,
truffles: its prob a mindfield of them though
keonne: yeah it doesnt bother me, just figured extra proofreaders wouldnt hurt :)
truffles: pretty sure there's more n migtve missed :D
keonne: superfluous 'a' in the second paragraph after 'inept'
truffles: i forget the rest
truffles: he was crying about how he has to be on the phone forever etc
Apocalyptic: truffles, btw you're on the permaban list of -otc since August 24th, what did you do ?
peterl: aha, to answer my own question, yes, but it costs 1 btc per transfer ... I don't think there is enough volume to make arbitrage worthwhile
mircea_popescu: anyway, brb cause im writing an article then we can beat it more.
bounce: actually, more like the other way around: management fundamentally deals with people so scientific method has a hard time with it, but moreover too many in management don't even try
mircea_popescu: but "there are ways".
mircea_popescu: just like the deceitful whore doesn't lend herself to marriage,
bounce: not directly, no. there's ways, though.
mircea_popescu: bounce one aspect of it's pesky tendency not to lend itself to the scientific method well
bounce: re earlier topic, I rather think plenty poor management gets to hang on and management in general is overvalued because we don't know how to properly value management, or even properly evaluate management outcomes, for that matter.
[KS]: BingoBoingo: as long as there is no "scientific" pretense.
moiety: chimp out XD nah the ohgod was because i didnt know what happened for sooo long XD
moiety: we have met then i think :)
keonne: and i doubt there are a lot of keonnes around
BingoBoingo: moiety: Saving grace of the scottish.
BingoBoingo: Knowing the reference is key to understanding contemporary 'Murican failings
moiety: thanks for the name Apocalyptic
BingoBoingo: I doubt the commitment of everyone here to sparkle motion, especially moiety
moiety: does anyone here know who owns localbitcoins? their channel is dead
ozbot: R David Matthew Gambrell | LinkedIn
jurov: keonne, the20year was here few days ago and defended it, don't remember how
keonne: I have a feeling its gonna drop, i dont know where they came up with this 0.0075 price from, their asses it seems
keonne: I had no idea you could still make geocities websites these days btcpd.com
BingoBoingo: Why the fuck is everyone named Christian such a fucking Cho-Mo
ozbot: The new bitcoin police
random_cat: Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit.
chetty: even stupid won't get roped in unless they are also greedy - the whole concept depends on 'get something for nothing' - or at least for little
BingoBoingo: chetty: What about the ones that require stupid?
BingoBoingo: truffles: The important part is recognizing that most of the scams in BTC follow classic patterns developed in fiat
BingoBoingo: Ghostbusters 2: You don't want us exposing themselves
truffles: pretty sure theyll come up with new ones
BingoBoingo: [KS]: Perhaps befor we talk levels of scams we need to talk literacy on the mechanisms
truffles: u can make other uses for it
bocobit: everyone feels it ( at least subconsciously ) and expect others to act accordingly
truffles: "the only thing necessary to create the perception of being watched and monitored and punished for bad behavior was the constant possibility of being watched and monitored and punished for bad behavior," >>> this is turrble
truffles: deal with 'em as they arise
bocobit: would you rather have pure anarchy or pure authoritarianism?
truffles: one need not look further than a forum or chatroom to see that power corrupts
bocobit: this system is ripe for abuse at the top
bocobit: do any of yall read epsilon theory?
truffles: i think the word needs more responsible leaders
bocobit: The world needs dreamers just as much as workers
mircea_popescu: anyway, the day is young. see you later all.
ozbot: From the Stacks: Why I Never Hire Brilliant Men | TaoYue.com
mircea_popescu: it's usually given as a textbook example of anti-intelectualism in the us.
bocobit: ya man I've been thinking about it the last week
bocobit: I hear SD is even better on the martian surface
truffles: <bocobit> what else is there in life?>>> gambling
decimation: maybe elon will help http://www.extremetech.com/extreme/178389-spacex-prepares-to-take-the-biggest-step-towards-affordable-space-travel-soft-landing-the-falcon-9-rocket
bocobit: what else is there in life?
bocobit: i'd do it if I was the first to walk
decimation: well, then perhaps the right managers can allocate resources to build the advanced enough robots
mircea_popescu: i have some popcorn prepared for the opinions in the first wrongful death suit connected to private marsd exploration
truffles: dont think they have advance enough robots out decimation
bocobit: how do you guys feel about the private mission to mars
mircea_popescu: management doesn't yeild as well to the scientific method, sadly, and spitefully.
mircea_popescu: competent managers are always in short supply. engineers used to be, but 500 years of systematic how-to-twerk videos have managed to squeeze an astonishing amount of butt out of the ass.
decimation: this probably causes most engineers to have contempt for those over them
decimation: in the us it is very difficult to find these 'captains of industry' who are leading the exploitation. management talent is lacking more severely than engineering talent
mircea_popescu: i personally think a grown man should possess a working knowledge of both fields, at least enough to make him conversant in either.
mircea_popescu: in a sense, if one finds himself bored in the laser lab and looking at the stars, one should switch from solid state to large body physics
mircea_popescu: <decimation> right, I get your point, but in the context of today the problem is that bezzle-finance has made the job of resource allocation niegh impossible << yes, tis true, but also somewhat unrelated to the issue of engineer pay.
decimation: as would be the case in any time or place I suppose
decimation: as we have covered before, what this ends up doing is favoring those who in the wot of those who control the printing press
decimation: right, I get your point, but in the context of today the problem is that bezzle-finance has made the job of resource allocation niegh impossible
mircea_popescu: and it's not harder than any other. if all we have are shitty engineers, are htey not worthy or less worthy of pay ?
decimation: except there are also who? whom? questions
mircea_popescu: the people answering how-questions don't need (or want) the tools used by the people answering what-questions.
mircea_popescu: decimation looky : there are two types of questions before mankind. one type reduces to what ? the other type reduces to how ?
decimation: this whole "the ceo should get 1% of the business" deal is something that happened in the 80's with the increasing bezzle
mircea_popescu: there's also money-flat, like what most people thing of "dollars". these are used to buy groceries with.
decimation: except, old republicans would point out that the managers used to not consider themselves worth of % of total business money
mircea_popescu: there's two kinds of money see ? money-%, like btc. that's the money used by the people who allocate resources.
mircea_popescu: they only get sustenance money.
mircea_popescu: yes, this is true. but they are not managers, they're not the sort of people who play the resource allocation game. thus they have no business handling money as a % of total supply.
mircea_popescu: what other effects would you expect, except for rents being in the 20mn a month range ?
mircea_popescu: suppose tomorrow the agreement was that no engineer working in sv is paid under 350mn dollars a year.
decimation: I agree it is rational from their perspective. And clearly, there are loads of engineers and "engineers" who are ready to signup
mircea_popescu: in this sense the rate-control agreement of the employers in sv is quite rational and in effect socially beneficial
mircea_popescu: people who aren't in the business of control (such as engineers, say) wouldn't -logically- be paid enough money to go into 2nd category.
mircea_popescu: anyway, i suspect the earlier lengthy discussion about money conflates two different uses of the thing.
mircea_popescu: <mikaeldice> So, this guy who said that people who put money on an exchange are stupid sheep and that the next MtGox fiasco 'is coming' is now opening his own exchange. << which guy ?