crassus

19 ms·

151.
by crassus 13y ago
It's amazing what the complete inability to fire anyone will do to an organization over time. All government projects have cost and time overruns, just some are worse than others. You should click that foseti link a few comments up.
152.
by crassus 13y ago
400 million dollar websites that don't work?
153.
by crassus 13y ago
I edited my comment with a Moldbug link. From the essay: "So Fedco, while it still has a bit of the cooperative flavor, is mainly organized around the other model of bad corporate governance: control by contractors (essentially, employ
154.
by crassus 13y ago
To be fair, democracy seems to work fine in the Nordic countries. America is bad at it.
155.
by crassus 13y ago
Tianming. If some other system governs better than democracy, then we should use it. As Moldbug points out, the current US Govcorp is structured as an employee collective[1][2], which no competitive corporation chooses as a system of organi
156.
by crassus 13y ago
Statistically, the American economy has not been more stable since the invention of the Federal Reserve. I think George Selgin has a paper on it.
157.
by crassus 13y ago
How will we live if people aren't artificially pressured to consume their wealth as quickly as possible? And we know those 8,000 years of civilization using metallic money were not all "economically disastrous". History gives
158.
by crassus 13y ago
Moldbug is great. What do you think of Urbit? From what I understand, it's attempting to create property rights in digital identity like bitcoin does for digital money.
159.
by crassus 13y ago
This may make sense for a short time at a place like Yahoo! If Marissa wants to raise the average for Yahoo employees, then the first step is to raise hiring standards and cut dead weight. The danger is that stack ranking drives away high p
160.
by crassus 13y ago
With $3 billion, you could put a rocketship on Mars, do serious research into gene-modifying medicine, start new cities on the ocean, make automated laboratories that shrink the cost of medical research - you know, sci fi shit. I'd tra
161.
by crassus 13y ago
That kind of hypothesis is clearly outside the bounds of acceptable discourse. Take an example from a link I posted further down the page, "The Death of Free Speech at Harvard"[1]. A law student wrote the following in a private em
162.
by crassus 13y ago
Take another example of pro-PC violence from when Tom Tancredo came to speak at UNC Chapel Hill[1]: "A host of left-leaning groups banded together to protest the event, starting with a dance party in the Pit and a banner-making session
163.
by crassus 13y ago
PC doesn't stop at "inclusivity" or "empathy". By threatening the livelihood of any person who says something that offends a progressive who thinks the statement might offend someone of a protected class, PC has a c
164.
by crassus 13y ago
PC is fundamentally Marxist[1]. The rules of discourse are completely different from the logical/rationalist discourse you may be used to. Who is speaking matters more than what is said, and those not in a protected class aren't
165.
by crassus 13y ago
From here[1]: "I had a distinguished colleague - Stuart Nagel - whose tale is worth telling. He taught public policy and one day explained that black businesses in Kenya were uncompetitive against Indian-run enterprises since blacks wh
166.
by crassus 13y ago
Harvard might not be as bad as some other schools, but then again we saw what they did to Larry Summers[1]. [1] http://www.mindingthecampus.com/originals/2013/11/the_slow_d...
167.
by crassus 13y ago
It's easy to stay within the bounds of acceptable college discourse by following two simple rules: be progressive, and don't be not progressive. Education colleges explicitly filter out people with non-progressive views[1]: "
168.
by crassus 13y ago
Of course bitcoin is a bubble. Bitcoin is irrationally overvalued. Just like the US Dollar. In the English language, that which is irrationally overvalued and stays that way is what we call money. This is Mencius Moldbug's Bubble The
169.
by crassus 13y ago
It's a pure international currency. That's useful for customers without USD access.
170.
by crassus 13y ago
Pretty much the whole of modern economics is built around justifying the existing cultural regime
171.
by crassus 13y ago
A little moderate deflation is not bad. There was continuous economic growth with deflation in the USA after the American Civil War for ~2 decades. Macroeconomists really have no idea what they are doing - except, I believe them that a su
172.
by crassus 13y ago
I like the mining design of Peer Coin much better. I worry that bitcoin mining will become too centralized/unprofitable due to declining block rewards. I'd feel more comfortable using a coin with a continuous small inflation tax p
173.
by crassus 13y ago
hopefully not for much longer[1] [1] http://www.indiegogo.com/projects/bitcoin-dark-wallet
174.
by crassus 13y ago
Only in the age of degenerate democracy would people imagine that the only alternative to mob rule is dictatorship, and fantasize that the two are opposites.
175.
by crassus 13y ago
If your political system depends on convincing your average non-techie person to believe sensible things, then your political system has a design flaw.
176.
by crassus 13y ago
Unfortunately, for every thousand new tech millionaires there is maybe 1 or 2 that is doing anything interesting or daring with their money. The energetic give it away to charity, the lazy park it in an investment fund. Few are the Elon Mus
177.
by crassus 13y ago
Twitter/snapchat are media companies in competition with prime time television and daily soaps. It's okay, IMO, if justification for their valuation consists of mushy statements about user feelings. It's their business.
178.
by crassus 13y ago
The only thing I don't like about bitcoin is that the mining reward goes to 0. Sure, there will be fees, but fees reduce the usefulness of a currency. And if people don't mine, bitcoin dies. Perhaps something else will take its pl
179.
by crassus 13y ago
According to the bubble theory of money, all money is a bubble. The bubbliness is what defines money - it is that which is irrationally overvalued. See[1] Bitcoin is money, Bitcoin is a bubble [1] http://unqualified-reservations.
180.
by crassus 13y ago
Also, it remains to be seen if miners keep mining bitcoin after the block rewards run out. IMO this is bitcoin's only design mistake.

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