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Mon Jan 26 04:02:31 UTC 2015  <mircea_popescu>   economists agree. i have heard from entrepreneurs. we'll discuss it in san jose

Sun Jan 25 19:45:53 UTC 2015  <mircea_popescu>   who here is on an economy internet package ? everyone just "give me the fattest pipe you got" "oh only that ? INTRODUCE LARGER ONES!"

Sun Jan 25 19:36:00 UTC 2015  <mircea_popescu>   (not for fucking, mind you. so give them a work at home job where no woman can ever come and a way to score nude tumblrs and that's the new economic model)

Sun Jan 25 19:31:01 UTC 2015  <mircea_popescu>   look, it's dying, what do you want from it. cars are pretty fucking stupid. they had an economic niche which made us forget temporarily, but it's closed up.

Sun Jan 25 19:28:29 UTC 2015  <ben_vulpes>   http://www.washingtonpost.com/business/economy/americas-best-selling-cars-and-trucks-are-built-on-lies-the-rise-of-fake-engine-noise/2015/01/21/6db09a10-a0ba-11e4-b146-577832eafcb4_story.html << craaaaapflation

Sun Jan 25 07:53:44 UTC 2015  <mircea_popescu>   pity you're not an economist like oleg andreev

Sun Jan 25 02:02:38 UTC 2015  <decimation>   buttonwood_: do you work for the economist?

Sat Jan 24 17:45:53 UTC 2015  <pete_dushenski>   asciilifeform: economists would say that this is the function of specialisation in an economy ;)

Thu Jan 22 17:49:50 UTC 2015  <assbot>   Central banks have no more control over their economies than gnats have over elephants. | Contravex: A blog by Pete Dushenski ... ( http://bit.ly/1Cj6Q72 )

Thu Jan 22 17:49:49 UTC 2015  <pete_dushenski>   http://www.contravex.com/2015/01/22/central-banks-have-no-more-control-over-their-economies-than-gnats-have-over-elephants/

Thu Jan 22 17:29:14 UTC 2015  <mircea_popescu>   yeah. but the something in question chiefly is "social and economic preeminence"

Thu Jan 22 17:27:27 UTC 2015  <mircea_popescu>   and when it pops, it will be JUST AS destructive to economy & society, according to how close to the absolute maximum it got.

Wed Jan 21 22:57:41 UTC 2015  <mircea_popescu>   an usg education is an economic substitute of an actual education, and margerine is an economic substitute for butter.

Wed Jan 21 22:56:56 UTC 2015  <mircea_popescu>   asciilifeform: Pierre_Rochard: there is nothing, and good reason to think there cannot be, anything which even rises to the level of an ersatz. << in economics, substitute is a functional substitute not a logical substitute. in this sense, your feet are a substitute for a train.

Wed Jan 21 22:54:14 UTC 2015  <mircea_popescu>   so you're spending 100 cakes per loaf of bread instead. because this is "economics" as understood by "expert economists" : oleg andreev, gavin assassinsen, that nytimes thoctchke what's his name

Wed Jan 21 19:39:34 UTC 2015  <Pierre_Rochard>   asciilifeform: preaching to the choir, but a “substitute” in the economic term is the opposite of a “complement”, not something you necessarily consider on equal footing

Wed Jan 21 18:41:16 UTC 2015  <Pierre_Rochard>   gavinandresen: fee revenue growth, if it accelerates then demand for btc transactions is relatively inelastic, the point at which it declerates indicates where substitution starts happening. If it’s right away, then you’re right on the economics. If its after a period of faster growth, then we can see what bitcoin transaction fee the market will bear before switching to substitutes

Wed Jan 21 18:27:27 UTC 2015  <ben_vulpes>   let's at least hit the steady state behavior before starting to diddle with important economic variables like block size.

Wed Jan 21 18:23:26 UTC 2015  <Pierre_Rochard>   my main disagreement is on the economics side, you say “ Limit the number of transactions that can happen on the Bitcoin blockchain, and instead of paying higher fees people will perform their transactions somewhere else.”

Wed Jan 21 09:46:41 UTC 2015  <Vexual>   id fly em all economy to somewhere and put em on a dying freighter

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