#asciilifeform | 2021-09-26

rude

00:01

guy's just got a 15% down mortgage from the bank

~ 1 hours 24 minutes ~

01:26

mats: unless i misread, wasn't 'just a mortgage', i.e. like an ordinary plebe who simply wants a place to live, but rather borrowing a fat sum to gamble on shitcoins with

01:31

bank naturally has 0 problem ~itself~ gambling with other people's moneys, but if bank discovers, somehow, that some uppity plebe is trying to do it ~to~ it, will obv. show him the door

01:33

rather like vegas casino showing card counters the door.

~ 18 minutes ~

01:51

its definitely a mortgage, probably denominated in kroner

01:52

in the thread he says its underwritten by swedbank

01:55

for reference, ibkr will give you 0.9% on 2mn usd, and the interest expense is tax deductible if used on an investmenf

~ 12 hours 49 minutes ~

14:44

Made an attempt at explaining VPNs aren't actually a privacy tool video if anyone finds occasion to hit the illiterate with it https://www.youtube.com/watch?v=5NGqanPaacw

~ 1 hours 32 minutes ~

16:16

http://logs.nosuchlabs.com/log/asciilifeform/2021-09-26#1059670 << VPNs usually don't mitm your https/ssl traffic, they could do it yes, but might still be stopped by browser hsts, certificate pinning, etc

16:16

Logged on 2021-09-26 10:44:34 bingoboingo: Made an attempt at explaining VPNs aren't actually a privacy tool video if anyone finds occasion to hit the illiterate with it https://www.youtube.com/watch?v=5NGqanPaacw

16:26

At the point the UAEs "Project Raven" turned into what appears to have been another NSA and USG-allied regime swapping intel to comply with the letter of law while violating the spirit of the law until it bleeds program... The placement of a Project Raven alumni as ExpressVPN's CTO suggests... "usually" and "browsers might catch MITM" are dangerous leaps.

16:26

*

bingoboingo typing subtitles on smart toilets and the potential for tracking people by their "anoderm" at public toilets.

~ 27 minutes ~

16:54

I will concede that explanation in video was adequate for tiktok generation

16:54

*

punkman finds it hard to explain anything about internet to ~20 year olds

17:04

bingoboingo, punkman : see asciilifeform's likbez on vpnism.

17:07

punkman: I have been getting some practice in communicating with said generation.

17:09

*

asciilifeform ftr suspects that literate 20yos ~exist~, but none of us know ~where~. possibly checked outta the net entirely, and subsisting on dead tree, even.

17:14

20 is too young, but 22 maybe humanable? "Disillusionment with higher education" and discovering incongruity of the world from what they were taught in school is a necessary prerequisite for potential literacy.

17:15

*

bingoboingo has had to explain to someone whose mental model of Bitcoin was "powerpoint" that holding bitcoin instead is holding keys to trade slides inside the one true powerpoint.

17:17

http://logs.nosuchlabs.com/log/asciilifeform/2021-09-25#1059669 << it is imho interesting how the ancient conception of usury (lending at interest; then retconned to 'too high' interest) aint complete in re modern world --

17:17

Logged on 2021-09-25 21:55:18 mats: for reference, ibkr will give you 0.9% on 2mn usd, and the interest expense is tax deductible if used on an investmenf

17:17

where it is the ~low~ interest loans (of fresh printolade, naturally, what the fuck ~else~ could be lent at low interest to ~allcomers) which inflate prices into stratosphere, and make participation just about mandatory

17:17

Logged on 2021-09-22 21:57:07 asciilifeform: billymg: usury in general. it leads inescapably to pricing life out of affordability to those who won't borrow.

17:18

it's not wrong to lend money, but it is evil to owe anything to anyone (except love)

17:19

dpb: how's this work? ( aint these 2 sides of same medal ? )

17:20

"it's not wrong to lend money as long as you think if it as gift"?

17:20

lend not expecting anything in return

17:20

a

17:21

soo then dpb's conception doesn't differ from that of the ancients.

17:21

not really lending then, neh

17:21

lending in 'gift economy' sense

17:22

i agree with you that the practices of the FED and IMF are destructive, not humanitarian

17:23

phunphakt: in current-day ru, 80+% of population owns their place of residence free and clear. (the rest afaik mostly quasilegal immigrants living N to a flat)

17:24

this is at least partly because interest rates there are in the 10s-20s%.

17:24

i.e. over9000 derps can't go and borrow 1e6$ at 0.9% and bid up errything in sight.

17:25

100% of my friends own their place of residence free and clear

17:26

dpb: yer prolly aware that not so many people in usaschwitz do, however.

17:26

yep, my friends are weird

17:27

(perhaps interestingly to overseas folx : the official usg stats, as always, lie : they count folx owning 'condos' and similar crapola as 'owners' of their residence, even tho normally these come with 3, sometimes 4 figure monthly perpetual fees, ~on top of tax~)

17:29

we also owe all our vehicles free and clear, which is the tougher one to live with. You can slowly build up a house. Can't slowly build a new car

17:33

asciilifeform: here they just call condos apartments, and it counts as property ownership even with "gastos comunes" that pass through to renter. Much of the Montevideo aesthetic seems predicated on no multi unit residential buildings enjoying the consistency of the one building, one owner arrangement popular in the USSA.

~ 27 minutes ~

18:00

https://www.cnbc.com/2021/08/05/china-us-container-shipping-rates-sail-past-20000-to-a-record.html

~ 4 hours 17 minutes ~

22:18

btw dpb , re http://logs.nosuchlabs.com/log/asciilifeform/2021-09-26#1059698 -- where were you geographically again ? ( here in washingtonistan, just go an' try 'build up house slowly' with own hands -- will pay 6fig in fines and end with 0 house )

22:18

Logged on 2021-09-26 13:25:12 dpb: 100% of my friends own their place of residence free and clear

~ 56 minutes ~

23:14

asciilifeform: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf

~ 17 minutes ~

23:32