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djinnius's profile
sam atman
sam atman
sam atman
@djinnius

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sam atman

@djinnius

Philosopher of letters. Math nut. Wizard. ~wep

back into lunar orbit
github.com/mnemnion
Joined March 2009

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    1. Ian Welsh‏ @iwelsh 30 Sep 2017

      How Capitalism keeps going, and what will augur its end.http://www.ianwelsh.net/the-control-and-continuation-of-capitalist-societies/ …

      1 reply 9 retweets 8 likes
    2. Jonathan Korman  🔥 🗽‏ @miniver 30 Sep 2017
      Replying to @iwelsh

      Glad I'm not the only one who says "expand your sense of what alternatives to capitalism are possible by looking at feudalism"!

      1 reply 0 retweets 1 like
    3. Ian Welsh‏ @iwelsh 30 Sep 2017
      Replying to @miniver

      heh. People get confused about that, so much propaganda about it, but in any case not saying "return to", saying "other ways are possible"

      1 reply 0 retweets 0 likes
    4. Jonathan Korman  🔥 🗽‏ @miniver 30 Sep 2017
      Replying to @iwelsh

      It is usually my response to "capitalism is bad but rejecting it is communism which means Stalin so capitalism is good"

      1 reply 0 retweets 0 likes
    5. Ian Welsh‏ @iwelsh 30 Sep 2017
      Replying to @miniver

      I'm not sure if I'm sad or happy that I probably won't be around when capitalism's flaws lead to a billion or more billion deaths..

      1 reply 0 retweets 0 likes
    6. Ian Welsh‏ @iwelsh 30 Sep 2017
      Replying to @iwelsh @miniver

      predictable flaws, I might add. In the basic theory of markets.

      1 reply 0 retweets 0 likes
    7. Jonathan Korman  🔥 🗽‏ @miniver 30 Sep 2017
      Replying to @iwelsh

      I want to know what comes next

      2 replies 0 retweets 1 like
      sam atman‏ @djinnius 30 Sep 2017
      Replying to @miniver @iwelsh

      The striking thing about BTC and ETH: there is no debt and no leverage. No one will lend you a Bitcoin, let alone lend two while hodling one

      12:42 PM - 30 Sep 2017
      2 replies 0 retweets 0 likes
        1. New conversation
        2. Ian Welsh‏ @iwelsh 30 Sep 2017
          Replying to @djinnius @miniver

          bitcoin is the stupidest way possible to do something necessary

          1 reply 0 retweets 0 likes
        3. Jonathan Korman  🔥 🗽‏ @miniver 30 Sep 2017
          Replying to @iwelsh @djinnius

          I think you underestimate stupidity's limitless potential

          1 reply 0 retweets 0 likes
        4. Ian Welsh‏ @iwelsh 30 Sep 2017
          Replying to @miniver @djinnius

          Perhaps. But I really don't want to live in a world where the main coin is even stupider than BTC

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. New conversation
        2. sam atman‏ @djinnius 30 Sep 2017
          Replying to @djinnius @miniver @iwelsh

          This indicates to me that the fiat structure will capsize. The Internet of Agreements is our last, best hope.

          1 reply 0 retweets 0 likes
        3. sam atman‏ @djinnius 30 Sep 2017
          Replying to @djinnius @miniver @iwelsh

          The current ratchet is altcoin: fiat flows in, value pumps, and flees to the main chains during the dumps.

          1 reply 0 retweets 0 likes
        4. sam atman‏ @djinnius 30 Sep 2017
          Replying to @djinnius @miniver @iwelsh

          The next ratchet is collateralizing fiat loans with crypto. Borrow x against 0.y Bitcoin, pay it back to retrieve 0.y appreciated to x+z

          1 reply 0 retweets 0 likes
        5. sam atman‏ @djinnius 30 Sep 2017
          Replying to @djinnius @miniver @iwelsh

          The swamp practically drains itself!

          1 reply 0 retweets 0 likes
        6. sam atman‏ @djinnius 30 Sep 2017
          Replying to @djinnius @miniver @iwelsh

          A 2008 event in future would require the Fed to hard fork. The value of each branch is determined by investor/user confidence.

          2 replies 0 retweets 0 likes
        7. Ian Welsh‏ @iwelsh 30 Sep 2017
          Replying to @djinnius @miniver

          most of the bailouts in 2008 should not have happened, but a world without leverage is terrible. The gold standard was /shit/.

          2 replies 0 retweets 0 likes
        8. sam atman‏ @djinnius 30 Sep 2017
          Replying to @iwelsh @miniver

          The reason Bitcoin isn't leveraged or loaned currently is the relative hyperinflation of fiat. Once/if that process succeeds, it'll happen

          1 reply 0 retweets 0 likes
        9. Ian Welsh‏ @iwelsh 1 Oct 2017
          Replying to @djinnius @miniver

          leveraged BTC is only possible if you leverage into other currencies, unless I misunderstand something.

          1 reply 0 retweets 0 likes
        10. 1 more reply

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