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Wed May 07 13:48:47 UTC 2014  <HeySteve>   I understand, I am looking more for an economic reason why doing things that way leads to failure

Wed May 07 13:43:20 UTC 2014  <ThickAsThieves>   one day you invent the coupon, 20 years later you have an economy bent on quantity over quality

Wed May 07 13:34:23 UTC 2014  <mircea_popescu>   if no wot identity is involved, the thing's irrelevant economically, might as well be two somalis trading cowries

Wed May 07 13:34:00 UTC 2014  <mircea_popescu>   all purported economic activity that's not taking place between wot registered identities is deffective. if only one wot identity is involved, the whoile thing is in no substantial manner different from the medieval relations between peon and his lord.

Wed May 07 13:31:05 UTC 2014  <ThickAsThieves>   they arent part of our elitist portion of the economy

Wed May 07 13:30:42 UTC 2014  <mircea_popescu>   ThickAsThieves so then... they aren't part of the economy. lol

Wed May 07 13:30:24 UTC 2014  <ThickAsThieves>   just not the economy you can trust

Wed May 07 13:30:17 UTC 2014  <ThickAsThieves>   plenty people not in the wot are part of the economy

Wed May 07 13:29:56 UTC 2014  <mircea_popescu>   anyweay davout's argument is souind : if they had no wot they were not part of the economy in the first place.

Wed May 07 13:24:33 UTC 2014  <ozbot>   Economic cycles finally explained pe Trilema - Un blog de Mircea Popescu.

Wed May 07 13:23:20 UTC 2014  <davout>   ThickAsThieves: if i wanted to argue the opposite i'd say criminals that aren't in the wot weren't part of the economy in the first place, so that would be a non-issue

Wed May 07 12:53:08 UTC 2014  <mircea_popescu>   HeySteve http://trilema.com/2014/a-complete-theory-of-economics/ i meant that

Wed May 07 12:49:41 UTC 2014  <HeySteve>   mircea_popescu, Austrian economic theory mostly

Wed May 07 12:48:51 UTC 2014  <mircea_popescu>   HeySteve you read the theory of economics ?

Wed May 07 12:36:01 UTC 2014  <mircea_popescu>   chetty exactly. but in the old days of imperfect economy, people actually had to have a backchannel, and take over the tractor or whatever it was

Wed May 07 04:49:49 UTC 2014  <bitcoinpete>   “Spill response and clean-up creates business and employment opportunities for affected communities, regions, and cleanup service providers.” <<true enough. the gdp-based economy is the car accident economy, which is exactly why bitcoin is so important

Tue May 06 22:01:26 UTC 2014  <mircea_popescu>   ?Alibaba is the fastest-growing Internet company in one of the fastest-growing economies in the world,? said Sameet Sinha

Tue May 06 20:56:39 UTC 2014  <mircea_popescu>   and depends what your interest is. my mention was something to the effect of, "some frenchie took the pseudo-statistics that yielded the golf club pattern in climate pseudo-science and applied it to pseudo-economics"

Tue May 06 07:18:21 UTC 2014  <ozbot>   Why Eve Online's economist thinks bitcoin could be a scam | Polygon

Sun May 04 23:42:56 UTC 2014  <ThickAsThieves>   Economist, CoinTerra, BTCJam, Roger Ver, Kraken, Bitstamp, BFL, Maidsafe

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