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Tue May 05 21:21:40 UTC 2015  <assbot>   The Threat Of Mexico's Massive Undergound Economy ... ( http://bit.ly/1JOHGlP )

Tue May 05 21:21:39 UTC 2015  <lobbes>   http://www.worldcrunch.com/business-finance/the-threat-of-mexico-039-s-massive-undergound-economy/shadow-economy-gdp-black-market-employment-benefits-taxes/c2s16698/#.VUkz95O0K20

Tue May 05 21:21:37 UTC 2015  <lobbes>   not sure how you'd measure black market economic activity, but this article claims 25% of Mexican GDP is such:

Tue May 05 21:16:54 UTC 2015  <trinque>   still I think there's a lot culturally and economically in tx that's valuable

Tue May 05 20:56:31 UTC 2015  <ascii_field>   cow is more 'economically powerful' than farmer, sure

Tue May 05 20:55:56 UTC 2015  <trinque>   for one, texas is more economically powerful than mexico, at least going by bullshit GDP numbers

Tue May 05 20:49:37 UTC 2015  <ascii_field>   but the economic reality there - communist.

Tue May 05 20:48:55 UTC 2015  <ascii_field>   to describe any kingdom where the crown is the largest economic actor in any terms other than socialist, is stark nonsense

Tue May 05 18:57:26 UTC 2015  <mircea_popescu>   the only economists qualified to discuss bitcoin are here, and afaik the consensus is "gavin is too dumb to understand how ridiculous he is"

Tue May 05 18:56:56 UTC 2015  <mircea_popescu>   what fucking "economists" for crying out loud.

Tue May 05 18:51:00 UTC 2015  <thestringpuller>   jurov: < gavinandresen> jurov: I said I asked economists review my ‘block size economics’ post, and they did (and gave valuable feedback). It would be a full-fledge research project to estimate the impact of a technical change like increasing the max possible block size, I think

Mon May 04 21:57:11 UTC 2015  <mircea_popescu>   ascii_field it occurs to me that the word funkenstein_ was looking for, to describe the economy of chumps (whose coin is the bezzlar) would be... echonomy.

Mon May 04 18:05:01 UTC 2015  <trinque>   Without such a mechanism doing business in China is risky, she stresses, as about half of the signed contracts are not kept. 'Especially given the speed of the digital economy it is crucial that people can quickly verify each other's creditworthiness.' << wearing a deer-skin and calling yourself bambi

Mon May 04 18:02:56 UTC 2015  <assbot>   The economics of sinking 20 MB Gavincoin blocks. | Contravex: A blog by Pete Dushenski ... ( http://bit.ly/1GKN9UI )

Mon May 04 18:02:55 UTC 2015  <pete_dushenski>   thestringpuller: yup, http://www.contravex.com/2015/02/11/the-economics-of-sinking-20-mb-gavincoin-blocks/ and http://www.contravex.com/2014/10/07/how-a-bigger-blockchain-is-less-secure-and-why-block-size-aint-gonna-increase-any-time-soon/

Mon May 04 17:09:00 UTC 2015  <mircea_popescu>   but the idea that any fiat-oriented economics is essentially studying fart flow is sound, and yes it's all a matter of diffusion.

Sun May 03 20:43:57 UTC 2015  <jurov>   chainsaw is the last thing i'd economize on

Sun May 03 03:46:07 UTC 2015  <mircea_popescu>   Oxford Forum's aim is to expand into an independent college cum university which would generate and publish research in several areas including philosophy, economics, the psychology and physiology of perception, and theoretical physics.

Sat May 02 19:50:11 UTC 2015  <mircea_popescu>   "economy of scale" is simply one item in the shanonizer.

Sat May 02 19:49:52 UTC 2015  <williamdunne>   Which has nothing to do with economies of scale

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