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Sun Jan 17 01:37:44 UTC 2016  <mircea_popescu>   http://log.bitcoin-assets.com/?date=16-01-2016#1373606 << ironically enough stell mill has strange anti-economies of scale. romania had one of the largest in the world, at galati. it was bought by arcelor and downsized. they also bought and downsized the krivoy rog ones.

Sat Jan 16 23:40:59 UTC 2016  <assbot>   Read, I, Pencil | Library of Economics and Liberty ... ( http://bit.ly/1WiwdP2 )

Sat Jan 16 16:14:02 UTC 2016  <mircea_popescu>   well, maybe not that. but the problem is purely economic : a quarter exahash is expensive as all fuck

Fri Jan 15 19:08:02 UTC 2016  <mircea_popescu>   anyway, ascii_butugychag point being : mechanized sorting of the playing innocents is, after all, an economic activity.

Fri Jan 15 18:55:22 UTC 2016  <ascii_butugychag>   usa had 'palace economy' for my entire adult life

Fri Jan 15 12:21:17 UTC 2016  <mircea_popescu>   http://log.bitcoin-assets.com/?date=15-01-2016#1370921 << they "had to get the economy out of the slump". and so they... TARP'd the whole country.

Fri Jan 15 04:38:06 UTC 2016  <adlai>   legal in israel, pays in "economic numbers" relative to the salesmen's previous jobs (hocking 'dead sea salt' in your local consumeristemple), rapidly replacing manufacture of arms both small and precise as the nation's primary income stream

Thu Jan 14 15:25:10 UTC 2016  <mircea_popescu>   the strange with bitcoin is that mining is ALWAYS a market in which supracapacity exists, for the odd reason that mining is a ~0 demand activity, which is altogether a concept unknown in economy so far.

Thu Jan 14 15:21:38 UTC 2016  <thestringpuller>   Relevant part hanbot had posted >> "Over the years, we had the option of making large capital expenditures in the textile operation that would have allowed us to somewhat reduce variable costs. Each proposal to do so looked like an immediate winner. Measured by standard return-on- investment tests, in fact, these proposals usually promised greater economic benefits than would have resulted from comparable expenditures in our

Wed Jan 13 17:06:34 UTC 2016  <mircea_popescu>   "Economists do the economy as psychologists do the mind. A watershed of data is statistically manipulated. Miserably intricate deeply parameterized speculative theory is fit to data, protected from criticism by complexity. Extrapolations are made. Official predictions are absurd versus observed reality. Economists scream "heteroskedasticity!" and demand multi-$trillion Federal bailouts. Psychologists disdain irrelevanc

Wed Jan 13 07:15:48 UTC 2016  <copypaste>   North Korea has the most powerful economy and army in the World, as measured by The People's Bureau of Statistics of North Korea.

Wed Jan 13 07:14:47 UTC 2016  <pete_dushenski>   "Let me start with the economy, and a basic fact: the United States of America, right now, has the strongest, most durable economy in the world. We’re in the middle of the longest streak of private-sector job creation in history."

Wed Jan 13 06:01:01 UTC 2016  <assbot>   Y’know that post-industrial service economy thing ? Ya, it’s just another shitty command economy. | Contravex: A blog by Pete Dushenski ... ( http://bit.ly/1RLaWg4 )

Wed Jan 13 06:00:59 UTC 2016  <pete_dushenski>   http://log.bitcoin-assets.com/?date=12-01-2016#1368046 << writing's on the wall. has been for a while, i suppose. http://www.contravex.com/2015/04/05/yknow-that-post-industrial-service-economy-thing-ya-its-just-another-shitty-command-economy/

Tue Jan 12 13:36:54 UTC 2016  <mircea_popescu>   "i know... we'll offshore everything to china and live off a '''service economy'''. then we won't bother getting off the couch. win-win!"

Tue Jan 12 01:51:40 UTC 2016  <assbot>   Logged on 11-01-2016 15:21:54; copypaste: i very much love the concept of a 3d game with a bitcoin economy. i've played a few, but all poorly done.

Mon Jan 11 19:01:38 UTC 2016  <ascii_butugychag>   (the climatologists and 'economics' - perhaps are)

Mon Jan 11 15:21:54 UTC 2016  <copypaste>   i very much love the concept of a 3d game with a bitcoin economy. i've played a few, but all poorly done.

Mon Jan 11 15:20:52 UTC 2016  <mircea_popescu>   one of the most encouraging things about eulora's economy that i see myself is - i keep a running total of player cash and of player assets. and the latter has been a monotonously increasing function ever since forever. the appetite for materials seems outright insatiable.

Mon Jan 11 00:36:17 UTC 2016  <mircea_popescu>   davout really ? because why, i'm short tits and they have economic utility ?

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