this is approximately the current policy though. it's not an explicit auction, but rather an implicit one based on securing corporate or academic sponsorship for visas.
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Replying to @danlistensto @arachnocapital2
an extremely inefficient auction! we can do better!
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Replying to @eigenrobot @arachnocapital2
I am beginning to come around to the position that inefficient processes are usually better than efficient ones, for sufficiently ambiguous notion of what efficiency means in context
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efficiency necessarily means being tuned or optimized for a particular set of parameters. in most situations those parameters are either opaque or rapidly changing or both. over-optimized systems are fragile and also easily exploited.
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ass market hypothesis
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discussing ass redistribution policy is gonna get you in a lot of trouble with the blue-checked-ones
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> ass equity now there's an investment vehicle the banks haven't fucked up yet
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do you *want* ass derivatives? because that's how you get ass derivatives
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Replying to @chaosprime @androgynandre and
ass derivatives will be integral to so many puns
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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