Tactical Avoidance of Apologies

Saying 'sorry' may INCREASE the volatility of a negotiation!

A cute conversation/negotiation tactic that recently been drawn to my attention, by a salesperson I went on a date with. In their profession, they said, "we never say 'sorry', we only ask 'how can we do better?'" 

• (a) To some audiences, 'sorry' is a de-escalation signal, and has no deductive mechanics ;
• (b) to other audiences, 'sorry' is an accountable vulnerability, and it logically follows that the vulnerability will be accounted for as an immediate liability, or a future liability.

In my own conversations, where I have mis-judged an audience to be of type (a), and said 'sorry', I have seen negotiations collapse immediately.

This is very interesting in retrospect. However it is not entirely new to me. Generally I would consider counterparties of type (b) to be inferior, culturally or psychically, so often I am searching for hidden triggers which reveal such weaknesses. As much as I might not have intended for a negotiation to collapse, I have always bet against the broader enterprise of negotiations with counterparties of inferior culture and/or intelligence.

I suppose I have to hold in mind that one day, I might be in a regrettable situation where the stakes are very high, and hinged on this risk management tactic.

Sizing Up : Global Wealth

The 'total value of global assets' is often cited, yet obscured by the denominator of global M2. 

Global M2 is itself obscured by denomination in terms of any specific currency. 

Perhaps a measure of global M2 normalised by the DXY, or something slightly more sophisticated than that, is what I'm looking for.

#noob

A Controversial Preference, and a Resulting Hypothesis

I hypothesise that a human genome without emotional function is viable, if we change our culture. Needless to say I don't expect to be able to see this tested within my lifetime. 🙂 

Asset Allocation : Meriology

 A study in asset allocation. Currently I lean towards minimising the loss of individual asset ledgers, and not minimising the loss of the general fund ledger. This is dumb isn't it? Well my hypothesis is that it is a good drill in asset allocation, for each of 18 assets, and so it will train me to improve governance of discrete components, and not just look at the net effect of a whole portfolio. I feel it is a challenging study, so that is unfortunately, the only guidance at this time. That's the problem with being both mandater and mandated, I suppose.

One of the problems I've lived with my entire life, is a style of national governance that is grandiose in federation, but crumbly at the microscale. I suppose this is just my reaction to that environment.

Two years of farting around without a clear focus on whether to focus on individual asset ledgers, or the entire portfolio. Probably due in good part to a lack of observability. This got fixed recently with a time-series dashboard of per-asset P&L - prior to which I was not-so-recently working with only a single column of net-to-date per-asset P&L. Ah well. Gradual improvements to ops.

Cryptocurrencies & Labour Movements : Common Theme

Regulation : Always the sword that hands above the industry. Crypto may be to the 21st century what labour unions were to the 20th. Over time, as the movement's effect on global economic alpha peaks, there may be corrections in the legislative environment which pivot the world around the next big thing.

---

Further banter :

Macroscopically, the cryptocurrency movement is trying to execute an inversion of regime, and the transfer of wealth via novel means to a new asset class in which older generations are underweight. This is the intrinsic value of the new technology - it is designed to subvert incumbent governance. The question of how gently or harshly old governance admits the new asset class, is the core theme of the cryptocurrency drama. In the peaceful scenario, there is a gradual admission of the new guard over decades of governance adjustments ... in the violent scenario, there may be sudden shifts of capital if the new weapons are allowed to dominate, or an outlawing of the new weapons resulting in new borders if the old guard is more alert.

Exactly Where do Cryptocurrencies Fit, in a Multi-asset Portfolio?

Banter :

mainly they are hedging against state interests. It is explicitly the hedge, so it is more accurate to say 'investing in anti-government technology' than 'investing in nothing'.

Further banter :

Value is what it's worth now, not what it's worth tomorrow. So not a predictable store. But if we want predictable stores, we buy low volatility, not high. Yet right now the market is buying volatility.

A long position on BTC is a bet that the future value (no specific time) is greater than the present. Pure momentum play. The only moat it has is market share, where the supply is constrained by validators, and demand by users.

The main near term risk to BTCUSD growth is states criminalising it (replaced with CBDC), or direct competition ( BTC.D shrinks massively from 65% ) which is a matter of losing brand equity.

One direct competition vector is tech disruption, the candidates are obvious (#1 ETH, #2 SOL, etc. ). The other vector is pure marketing, which is the common case. But so far no alt-coin marketing campaign has managed to kill BTC.D (share of asset class).

In the very longer term LTC.D, BCH.D, etc. have viable claim on BTC.D because in the long term BTC is not fancy anything. They might all lose to marketing.

XRP, ADA have brand equity based on being 'more' acceptable to states than BTC (ISO 20022).

I prefer to bet on the asset class as a whole. Generally I think the TOTAL ticker is the best benchmark for this.

Further banter :

Yes, I know, it's 'not an asset' 

Coming to Terms with Machine Intelligence

My sense of the general uncertainty that people have about AI, is due to the fact that 99.99...99% of people wouldn't know how to describe themselves to a machine. They barely feel adequate explaining themselves to themselves, and to other humans. They literally believe in the existence of other minds "on faith, and intuition", and have small nervous breakdowns when they feel cognitive dissonance from loss of trust or broken epistemology.

Also we should really call these Machine Intelligences. Most human-embodied intelligence is already artificial.

US bank rate study notes

• 1. Fed Funds Rate : lowest : decided by the Fed, does not affect loans from the Fed, affects loans between other banks and each other; an over-night rate
• 2. Discount Rate : medium : decided by the Fed, affects loans from the Fed to other banks ; pricier than the FFR, so the Fed is a lender of last resort when other banks can't cough up funds at the FFR.
• 3. Prime Rate : highest : decided by market forces, on a regional basis, an index which is used to price loans from non-Fed banks to consumer.

Governance, Cybernetics, and Memory Management

Fundamental reminders, for dealing with the increasing utilisation of Artificial Intelligence. 

All communications engineering, whether intra-entity, or inter-entity ... is beholden to the parameters of memory hierarchy, and its subsidiary concerns of 

• (1) naming things and 
• (2) cache invalidation. 

In short, communications and memory management are the same thing. Since communications and control are also the same thing, we can therefore infer that all controls can be viewed through the lens of memory management.

Error of Sociability

There was a period of time when web startups were trendy. At the time, I made a point to obtain operational knowledge of their fundamental engineering concerns, in order to maximise my financial leverage in the economy. 

However, I made the mistake of being too friendly with business counterparties in my network. Business owners would be friendly when able to obtain STEM services at a discount to the market rate. However, I would not set a rate that was too high, and so I would find that the friendliness of many people decreased over time.

Small mistake - albeit a common one. Assuming intimacy with people who are not fundamentally interested in being friends, for its own sake.

xmas notes : concerns that recently passed my desk

Don't confuse social responsibility, with social validation. This is the difference between prophylaxis and consensual sex.

Don't confuse governance, with regulatory compliance. This is the difference between following poor leaders, and replacing them.

Don't confuse learning, with sophistry. This is the difference between physical models of the world, and large language models.

Don't confuse hard money, with legal tender. This is the difference between a gun, and a gun license.

---

Before I got out of bed on Christmas morning ( or afternoon ), I wrote some reminders to my communities. One of those was about how the difference between learning and sophistry is like the difference between physical models, and LLMs. 
 
Later in the day, it occurred to me that maybe, many people are fascinated by LLMs because these people have been educated to think like LLMs, in order to keep them from true learning, and therefore from political economic effectiveness.

 Perhaps it is a paradigm of slavery.

Yield Curve Study Notes

 [ Loosening money Event -> More inflation soon -> Tight money soon ]

• -> [ at the Short-end : 
• { pre-Event coupons } are marginally Larger than { New treasury coupons }, so
• { Buy pre-Event debt }, thereby
• lowering yields to match Event ]
• -> [ at the Long-end : 
• { pre-Event coupons } are marginally Smaller than { Expected future treasury coupons }, so 
• { Sell pre-Event debt }, thereby
• raising yields to match Expectations for the future ]

... study notes, on end-2024 bond markets.

---

Further notes :

Trying to understand how the Fed's RRP balance and the yield curve interact, via the Fed's choice between selling bonds, notes, and bills.

Preamble : defining 'currency', 'currency market', and 'value'

( Part 1 in a series on articulating the ontology of money, from first principles. )

Money and currency are used synonymously below.

Axiom 1 : a category of fungible units can function as a symbol of value ... the category can be called a currency ; currencies are subject to property rights

Axiom 2 : a market for a currency, is any context in which property rights over a unit of currency may be consensually exchanged for property rights over other entities ; for simplicity, when we mean that property rights are exchanged, we simply say currency is exchanged

Axiom 3 : the value of a currency unit, in a market, is whatever the market is willing to exchange for that unit ... the value can be called an exchange rate

... In a market, at different times, a currency may have different values in the same denominator. E.g. today 1 Xcoin may be exchanged for 1 apple, tomorrow 1 Xcoin may be exchanged for 2 apples

... in a market, at the same time, a currency may have different incommensurate values based on different denominators. E.g. today 1 Xcoin may be exchanged for 1 apple, or 1 orange, whereas there may be no other way to compare apples and oranges ; other ways to compare apples and oranges would be deemed other markets ; markets may be in disequilibrium at a given time, allowing for arbitrage across times

Therefore : a currency has value at any time, where anyone is ready, able, and willing to create a market for that currency, by trading it for something else.

---

Moreover, it may be hypothesised that a currency has value in the future. For example, we may guess today that a US dollar has value tomorrow, meaning that we establish a falsifiable hypothesis that ( tomorrow there will be a minimal market for 1 USD, meaning that someone will be ready, able and willing to give us something for 1 USD ). We may further nuance the hypothesis by saying what will be traded, and we may also detail the legal environment about that market.

In this way, it is demonstrated that the legality of a currency market is a secondary, non-essential property of money. Legal money is simply money used in an environment where no one asserts regulatory breaches against that use. Legal and illegal money are both special cases of money in general.

---

Furthermore, it may be thus shown that the common understanding that money has value because some government has military force to enforce a legal environemnt is a secondary, non-essential property of money. Regardless of the existence of an enforced set of rules about the market, as soon as anyone is willing to trade money for something else, the money becomes valuable.

---

Part 2, should address the ontology of 'money supply'

Philosophy of Cryptocurrency : Metaphysics, Ethics, and Epistemology

People often forget that the sole purpose of Bitcoin, as the first-mover in a new asset class, was to short the USD. And the main use of cryptocurrency to-date, as an emerging technology, is to disenfranchise state governments.

All conversations about their its legitimacy, viability, price, popularity, international political economic SWOT, etc. begin, and end there. 

But in order to fully appreciate the breadth of the subject matter, one has to be thoroughly familiar with the legacy of American Exceptionalism,  encompassing USD exceptionalism over the past 80 or so years.

What is money? The ontology of the thing, precedes the ethics of the thing.

• Preamble : defining 'currency', 'currency market', and 'value'
• 
  

Hobbesian Dating

Regardless of business, or pleasure. ( Some view pleasure as a variety of business. )

I view the entire culture of getting into relationships assuming the best of the other person as a patriarchal weaponisation of emotional vulnerabilities built into the genome. Regardless of gender, I think folks need to formalise expectations in as much detail as possible before getting attached, formally or informally. That's the point of dating.

I understand if people want to maintain a culture that normalises an altruistic baseline which should be taken for granted. But it's horrible risk management, and I would never recommend that assumption as a matter of operational security. 

This theme dominates most of the conversations I have with people, on dates, and about dating, these days.

LOL

Peristilahan Kaum dan Bangsa di Malaysia

Saya kurang mengakalkan kejatian perkauman. Saya hanya berminat dengan kejatian kebangsaan. Keseluruhan sejarah negara saya memang dicacatkan dengan hal perkauman yang tidak selari dengan hal kebangsaan. Oleh sebab itu, perpaduan selama-lama ini tidak tercapai antara marhaen, yang memadankan kebangsaan dengan perkaumanan, dan tidak memadankan kebangsaan dengan kenegaraan.

Sejarah kenegaraan mestilah dirujuk. Dalam akal sekelompok marhaen, perkauman adalah kejatian yang wujud sebelum kenegaraan, dan kenegaraan hanya alat ungkapan perkauman. Selama kelompok ini membawa kemarahan dan kesengsaraan hatinya ke pasaran, sebarang percubaan untuk membangsakan Malaysia tanpa kesakitan perkauman, nampaknya kerja sia-sia.

---

Further reading :

• Bangsa Malaysia – dahulu dan sekarang
  

Further banter :

Ada pulak pengutuk atas istilah 'kaum', 'puak', 'bangsa', tanpa penelitian terhadap kepelbagaian makna setiap istilah itu dalam kamus, dan dalam bidang khas, lagipun ketidakselarian antara istilah serupa tanpa persamaan dalam bahasa lain.

Further banter :

Ah well ... I guess this is just where I find myself in middle-age ... digging up the spectres of this weird country I live in. 

Valuation Methods : so-called Fundamental, Sentimental, Technical

 Everything beyond book value is a sentimental indicator, because it's a "what if". 

• The allow-list : the only reason people call some of those other things "fundamental" is because they put their faith in certain counterparties, and scenarios. 
• The deny-list : the only reason people call some of those things "sentiment" is because they personally don't have faith in certain counterparties, and scenarios.

The funny thing about technical analysis is that it belongs in the fine arts. It's basically just music and dance. The even funnier thing is that this isn't taught in liberal arts curricula ... the original liberal arts included music and geometry ... skills which separated non-slaves from slaves.

Further banter :

Reminder on valuations :

- goods and services have no true intrinsic value

- the nominal intrinsic value of goods and services is what legal entities will pay for them

- so predictable valuation forecasts, depend on predictable legal entities

- the art of valuation, is forecasting the emotional enslavements of 8 billion plebs

- what will their infatuations do, next?

❤️

What's the Point of Central Banking?

A central banker's job is hard. 

They're judged on peculiar goals, such as 'unemployment' and 'inflation'. These narrow goals are widely understood to represent quality of life ( for consumers ), ease of doing business ( for investors ), and integrity ( for governments ). Yet these narrow goals are poor proxies for the broader underlying goals, in an efficient environment where everyone has the same data, and disparate goals. 

Central bankers are in the market, besides speculators ( private profiteers ), and government popularity contests ( public profiteers ). And against those forces, central bankers implicitly defend citizen welfare, and human development.

A central banker's political legacy is therefore skewed by their allegiance, more or less, to any of these poles. Did their policies result in increased economic equality, or inequality?

Maybe that's the real goal of central banking.

---

Further banter :

The Fed is armed with a leaf-blower, and a hoover. Congress is the tree that sheds the leaves. The game is to have only so many leaves on the ground at any one time.

The Fed can't fundamentally fix problems generated by Congress. One is more specialised than the other, and therefore less responsible for the economic welfare of the nation's people.

Recap on how the rules that currently govern BTC are IMPLEMENTED / ENFORCED

• 1. BTC exists as the sum of transactions on a LEDGER run by a validator NETWORK ( 'the bank' ). 64% of the NETWORK is currently anonymous : it could be the mafia, BRICS, or CIA black-ops. But since many of the adults in the finance world support it, I guess they have done their homework on this. What do I know?
• 2. There's no moat to setting up new LEDGERS with the same or different rules, like instances of a boardgame, BTC2, BTC3, etc.
• 3. LEDGERS can undergo mitosis, e.g. BTC and BCH were the same until a point in time. This is sometimes referred to as a hard-fork or net-split.
• 4. Sibling ledgers may follow different rules.
• 5. The market capitalisation dominance of BTC, represents the fact that it presently holds the greatest brand-equity, or user-base. The value of BTCUSD is completely extrinsic to the internal functions of the BTC network, in the same way that a company's share price is extrinsic to the internal ops of the company.
• 6. If there was another disagreement about how to run BTC tomorrow, we could see another hard-fork.
• 7. The UN could hard-fork BTC and upgrade the protocol to make it a CDBC. This hasn't happened yet mainly because the tech is not well understood by states, nor are the economic implications. It's a rich field of research.
• 8. The trending SBRs are a gateway drug to UN-CDBC. Once many states have SBRs, they understand it better.
• 9. USDT is another CDBC testtube. TetherInc can remotely confiscate USDT and remit the backing USD to anyone it wants to.
  

• 10. The absence of a global ban on non-state-cryptocurrencies, is implicitly a policy of mutually assured enfeeblement, as states struggle to comprehend the new technology. Meanwhile, states aren't sure about how to handle NGO-cryptocurrencies, but they are tolerated as long as the Five Eyes appear to tolerate them.

Musings on the Fed's Guidance | Hidden Issues at Play

Powell knows it doesn't matter what he says now, because his job is to update his own advice every six weeks. :P

How do they come up with the 2% inflation ( LT-mean 3.28% ), and 4% unemployment ( LT-mean 5.68% ), numbers anyway? I'm really curious about the rationale.

Best guess is that the job involves some iterative guessing about how deflating the equity valuations would shock the unemployment number, round and round. The arbitrary targets are meaningless.

As productivity increases, unemployment should go up, AI whatnot. If wealth is distributed more evenly, unemployment is not intrinsically a problem. Inequality of wealth distribution seems to be the core issue, but that's not explicit in the mandate. But he would know all this, and have to work with it.

Strange times. But no stranger than any other.

Three types of analysis in discussions

( From coaching folks on analytical philosophy. )

• (a) are we trying to find words to describe a thought which we don't have good words for? ( semantics ) 
• (b) are we sure the words accurately describe the mental model of the subject matters, so we are testing hypotheses about the internal coherence of the model? ( syntax )
• (c) we have confidence in the coherence of the mental model and now wish to test it against hypotheses about the real world? ( science )

All distinct activities, which have clear boundaries in between each type.

Mother of Bubbles

Joie de vivre is the fundamental bubble, which sustains all others. I don't see any particular human experience or construct as necessary, so as I go about the world, I see only bubbles of exuberance.

My ideal for investing in bubbles is roughly :

1. Understand the physics of the underlier.

2. Understand the lens that the market has upon the underlier.

3. Understand the governance model. Are regulators involved? Are there hidden calls and puts? Where are all the exits, and who controls them?

4. Understand the externalities. Explore all contingencies. Unveil network effects and hidden counterparties.

5. Decide how many years of your life you can write off, in order to get involved.

6. Execute very carefully.

7. Decide that is ok to fail, before beginning anything.

Note on the Crypto Asset Sector

This is the output from [ Google Translate ] of a [ note I wrote to practice my Malay ]. The output is unedited, so there may be mistakes, and it certainly doesn't read the way I normally write in English. I may edit this to normalise the English in the future. Today it is just presented here as a handy reference for anyone I might have wanted to send the note to, in English. Sorry.

---

1. My Story in the World of Currency Marketing

2. Critical Appreciation in Terms of International Political Economy

3. Five Important Dichotomies

1.

Back in the 80s/90s, when I was around 7 years old, I also issued my own currency. Tech at that time was not very developed, so I just wrote numbers, on orange manila hemp paper. I airdropped the money to my siblings (pitiful for them), and the orange money economy began. The value of the orange money collapsed not long after that, and the economy disappeared, due to the ingenuity of my siblings who mastered the concept of unlimited money supply controlled by radikyat.

For the next 30 years, I did not dare to invest in crypto assets before government regulators issued a strong policy on their use ... so I waited until various parties had caused a huge disaster, and finally after FTX collapsed, only then did I begin studying the crypto asset sector. This is based on the understanding that at any time, any nation that has the weapons to enforce its sovereignty, can ban the use of any foreign currency, including any crypto asset, in its territory in the blink of an eye.

Currently, I consider crypto assets to be an alternative asset class whose principles have not yet been firmly established by any nation. If the government determines that citizens can invest, invest ... with the warning that one day there is also a possibility that it can be banned.

2.

Summary of the current situation in international political economy / EPA / IPE: national currencies are agreements, that is, international tools that enable trade and the transfer of power between certain parties, to protect the security of that party. From this point of view, currency tools can be weaponized by their parties.

However, every nation in the world has not yet banned non-sovereign / non-national currencies, because the presence of non-sovereign currencies can weaken the economic administration of every other sovereign nation. This is called a strategy of mutually assured weakness. Crypto assets are weapons of mass weakness. This is the pattern of governance.

If the entire world could be federated under one government, then the use of crypto currency tools/weapons would disappear, and their value would decline. But we do not expect this to happen in the near future.

3.

**Currencies** can be classified in detail. The following dichotomies are separate, and do not overlap with each other:

• ... First Dichotomy: there are 'national / sovereign' currencies, and 'non-national / non-sovereign' currencies;
• ... Second Dichotomy: there are 'commodity / intrinsically valuable' currencies, and 'fiat / extrinsically valuable' currencies;

**Transfers** of currencies must also be classified in detail.

• ... Third Dichotomy: ( edit : transfers of ) 'commodity / intrinsically valuable' currencies can be carried out 'physically', or 'representatively / in accounting notation'; while **all transfers** of 'fiat / extrinsically valuable' currencies are only 'representatively / in accounting notation';

(Although people consider national paper money to be 'physical' currency, paper money is actually 'fiat' currency, based on the understanding that paper money is an accounting symbol with no intrinsic value. )

• ... Fourth Dichotomy: **representative transfers** of currency can be done on any medium, including 'non-electronic medium' (e.g. paper money as a token, or accounting written on paper documents), and also 'electronic medium' (e.g. electronic tokens, or accounting stored electronically).
• .. Fifth Dichotomy: *representative transfers in accounting** can be done on a 'cryptographic ledger', or 'without a cryptographic ledger'... where crypto can actually be done on paper too, although it is not convenient. So when the concept of 'sovereign/national bank digital currency / CBDC' is presented it may not involve crypto.

---

End of original note. 

Moving on ...

How Does Currency Work in General?

"3. Five Important Dichotomies"

Between  sharing this, and making my dinner ... it occurred to me that there may be a bit of work to be done here vis-a-vis an analytical philosophy of money, i.e. 'what does it mean, when we say, money? or a 'dollar/unit-of-other currency'?

From what I gather from recent conversations, broadly there is an INFLUENTIAL narrative that the value of money lies in its repayment, and so far I have briefly argued that any promise of repayment depends on an IMPLICIT promise of limited supply. In more detail, any REAL repayment is CONTINGENT upon an implicit ASSURANCE of a specific VELOCITY of money supply.

After revisiting the five dichotomies I jotted down in the note above, I found that my third and fourth dichotomies lack clarity, and may imply some confusion. 

Putting these two broad concerns together, it seems there is a need to articulate a Kuhnian paradigm of what money is.

But I will only attempt this after dinner. ( It was in the microwave, and now I have to eat it. )

Cleaned-up summary of common dichotomy errors ( 2025-01-01 ) ( link ) :

I. Most crypto is fiat. Because most crypto is not backed by off-chain assets.

II. The incorrect usage of the term fiat to refer to state-issued-non-crypto money, is regretable.

III. The following orthogonal dichotomies should be considered properly.

Money : 

• ... fiat, vs. non-fiat
• ... state, vs. non-state

Money transfers :

• ... physical, vs. representative
• ... digital, vs. non-digital
• ... crypto, vs. non-crypto

Sabah has a new TYT

18 December.

This week I read about the appointment of Sabah's new TYT ( tuan yang terutama, the head of state). 

The TYT role is similar to a sultan's role in those states with 'Malay rulers' - except a TYT does not have the status of 'Malay ruler' - therefore the TYT does not preside over Islamic matters, and so Sabah's head of Islam role short-circuits to the Agong himself. The TYT also represents Sabah on the Conference of Rulers, but as ... non-Malay-rulers do not participate in matters pertaining to Malay rights, Islam, or the appointment of the Agong and Deputy Agong, and ... since the COR meets on few other matters, therefore ... the role of the TYT on the COR is largely symbolic. The intricacies of this pattern extend into the protocols of Sabah itself. 

Head of the legislative body (state parliament). Where Malaysia has a Prime Minister appointed by the Agong, Sabah has a Chief Minister appointed by the TYT.

Circularity / 360 feedback. However, the TYT himself is appointed by the Agong, ON THE ADVICE of the CHIEF MINISTER.

The appointment of the TYT has attracted controversy. I found a minimal history of the relevant issues on Wikipedia.

https://en.wikipedia.org/wiki/Musa_Aman#Controversy

---

Link to article on the Chief Minister, who advised the Agong, to appoint this TYT : https://en.wikipedia.org/wiki/Hajiji_Noor

Recent coalition history :

https://en.wikipedia.org/wiki/Gabungan_Rakyat_Sabah

Recent party history :

https://en.wikipedia.org/wiki/Parti_Gagasan_Rakyat_Sabah

Neurodivergence is a Pleb Term

Summary of a short exchange I had with a psychologist, which reflects views I have had since college in the early 2000s. I might be wrong, but to be clear, my view is :

1. The term neurodivergent is in the dictionary.

2. The term is furthermore used as jargon in the field of psychology.

3. In the field, the term refers to statistical deviation from a set of behaviours deemed to be normal.

4. I have referred to neurodivergence as a 'pleb term' .

5. I make this reference because I do not find it agreeable that the field has defined a set of behaviours deemed normal, without clearly highlighting that these normal behaviours are defined based on cultural norms, which are social facts, but of no other meta-ethical foundation. ( My view is that all moral positions are arbitrary, and to pick one as normal is a blight upon society, and the intelligence of people. )

6. Moreover it is disingenuous to frame psychology as a discipline, at this point in time, as having a seamless rooting in the natural sciences. So norms in psychology are neither rooted in clear meta-ethical foundations nor the natural sciences ... they are very much cultural norms.

7. I believe it is appropriate to refer to people who endorse specific cultural norms as 'plebs', and therefore I believe it is appropriate to refer to neurodivergence, which assumes specific cultural terms, also as a 'pleb term'.

8. What is most annoying is the concept of diagnoses based on social behaviour, which are classified as neurological instead of cultural. With regards to what sort of social behaviour is deemed normal, much of these are differences in cultural preference. Yes, all culture supervenes on neural states. No, please do not refer to behaviours as neurological rather than cultural, UNLESS THERE IS A WELL-DEFINED NEUROLOGICAL PATHWAY to be declared diverged from.

---

Further banter :

... the designation of a normal range of behaviour is political engineering. Just because most of us feel good when people smile and return smiles doesn't mean 

• (1) the underlying neural pathway is simple, or thoroughly mapped, 

• (2) that anyone should be socially obliged to comply with a social norm, even if that social norm has a simple or thoroughly understood underlying neural pathway. 

The socio/cultural elevation of 

• (i) a high frequency behaviour to 

• (ii) an informally expected behaviour (see high-context culture), to 

• (iii) a formally expected behaviour (low-context culture), 

is a very distinct progression, that needs examination, lest people abuse each other about expectations without having established rules of abuse. 😛

Further banter :

re :"study of psychiatry is by definition difficult to formalise, whereas there are many existing bridges to neurology, and we still know so little about the sum of all parts" : 

I think we are in complete agreement about (i) the state of the art (ii) the reasons for the current state of the art.

We probably differ in 'socio/cultural/political' preference, about what sort of language/behaviours should be condoned in the public sphere, given (i).

I have a specific view of the world which is quite boring ... I actually find that every iota of my personal experience is quantifiable, so I am not waiting for the rest of the world to come to the same conclusion. I simply live my life, and exert my politics in the world, based on my personal experience. 

Culture is software ; meat is wetware ; as information systems, cultures are much, much simpler than meat. Which is why the current attempt to implement AI by modelling the meat is so wasteful. 

All the best, to everyone else, who does the same from their various normal/non-normal points of view 😃

 Further banter :

It is difficult to explain, both, to people who believe they are common, and to people who believe they are uncommon, that the common way of doing things is not intrinsically better than any uncommon way of doing them.

In short, maybe one must say, "I understand this is not a common approach, but the problem here is the commoners, not the uncommon approach."

Discussion on Physical Mechanics of Valuing Cryptocurrencies

Point 1 :

"they are breaking the unit of Bitcoin into Satoshis, haha, so much for limited supply"

Response 1 :

I'm not sure that you understand math. Shifting the unit of gold from ounces to nanograms would do nothing to the value of gold. The physical supply is the same.

Likewise the physical supply of Bitcoin is constrained. 

Of course the choice to value Bitcoin is binary, such as the choice to value gold, or maize. The population of investors could instantly choose to value either at near zero - the only reason they don't is due to booked accounts receivable which they don't want to give up.

There are no intrinsically valuable things on earth, not meat, not minds, not feelings, not love, not family, not friendship ... each of these is given meaning by some idiot. Some idiots happen to have have BTC / USD / gold / maize accounts receivable, and that's why those things have value. LOL

Point 2 :

"there is no PHYSICAL limitation"

Response 2 :

Physical supply is limited by a machine, and the use of the machine is by consensus of users.

The users can choose to use a different machine, but as long as they use this one, supply is limited. 

Surely you understand the nuance, or, you don't actually know how the machine operates

Point 3 :

"the physical machine limits a NON-PHYSICAL SUBSTANCE ; NFTs are an example of a NON-PHYSICAL SUBSTANCE and we have seen that market crash"

Response 3.1 :

An NFT is a pointer to something that isn't meant to be used as a unit of currency. Those are like traditional trading cards, we know exactly how those markets work, so let's not get distracted here.

Reponse 3.2. :

3.2.1.

The USD is basically a tool for the communication of value. It is a contract regarding the supply of USD, and the ability of anyone else to use USD as a meaningful denominator of other contracts i.e. payments. The USD has no intrinsic value, it is based on a promise of supply limitations. ( The notion that it is based on the promise of repayment is a strawman, because repayment is only meaningful in the context of the promise of limited supply. )

In the paragraph above, you can swap in any state currency. 

Imagine if NGOs like the Methodist church printed their own currency, MCD, you could swap that into the paragraph above for USD. The only reason you would trust MCD less is because MCD is a lesser known entity, and fundamentally you have no control over MCD or USD money supply.

3.2.2.

Now imagine there was a technology to limit XYZ currency supply. The methods of 1. decentralised ledgers, 2. cryptographic hashing, basically combine to give you a bank where anyone can check money supply at any time ... the moment money supply changes, every holder of the currency may know it quickly and cheaply. This is the ONLY technological advancement that has been introduced. ( Only  a small lie, for the purpose of this point. ) If they don't like the rules of the bank, they can start their own bank ad infinitum, which is called a netsplit, and you can refer to BCH vs BTC for example.

The fact that people would go long BTCUSD simply tells you how little faith they have in the US government's promises of limited supply. 

The fact that people go long BTCBCH, and the difference in market cap of BTCUSD vs BCHUSD, tells you something else, which is non-trivial.

---

Further banter :

Well you say, 'if there is a rock, and rocks build houses, and people want houses, so rocks have present value, anything else is speculation', that's a valid lens. 

Symmetrically, I say, 'if there's a rock, and some clown in jersey wants to trade it for a wooden house, so rocks have value, anything else is speculation', that's a valid lens too.

The only difference is you put faith in the imagery in your head, and I put faith in the imagery in mine. Digging down to the fundamentals of what people do in their heads, is probably beyond the scope of a comment thread on LinkedIn. :)

Further banter :

we could go into anthropic principles, and life goals, and the architecture of political influence begining with the grassroots and ending with the state. But, to what end? In a comment thread like this, there's little room for specifics. If people disagree and want to drill into fundamentals, those are long and deep conversations.

In my own life, I'm basically a hermit. I live on military rations, repair my clothes, and drive a 20-year-old car, and budget everything around a minimum wage job. But I keep tabs on fashion, food, cars, and macroeconomics because other people care about them.

So nearly nothing in life depends on what I value it as. Mostly economics is about other people's values. :)

So the value of X is whatever I can get paid for X right now. Everything ELSE is speculation. The intrinsic value NOW is what it is now. The intrinsic value in the FUTURE is speculation. 

Exporting US Inflation : Bitcoin is a Ploy

The proposed Federal Bitcoin Reserve would be a fundamental step in the global evolution towards Central Banked Digital Currencies. But it remains unclear if this threatens, or enforces, American Exceptionalism and USD hegemony.

---

Running the simulation :

• 1. US enacts BTC reserve in 2025.
• 2. US borrows USD at T_IRR, and goes long BTCUSD ; BTCUSD goes up ; at this time roughly 78% of US debt is still held by domestic counterparties, and 22% is held by foreigners.
• 3. BTC_IRR > T_IRR, with near certainly in the 5-year-term, and probably in the 15- and 50-year-terms. ( Caveat : 8. )
• 4. ( Reversal of 2. )
  As BTCUSD goes up, US goes short BTC, and repays its USD debt. BTCUSD price velocity is thus moderated by the rate at which the US sells BTC to pay off USD debt. 
• 5. ( Effects of 4. on 3. )
  Therefore this strategy works for the US if it holds the reserve for a long-enough time, until most other nation-states have BTC reserves also, constricting BTC_ACTIVESUPPLY, such that the BTCUSD price has appreciated astronomically from 2025. 
• 6. ( Effect of 4,3. on DXY )
  If the US uses its BTCUSD investments to pay off USD debt, it just means that the US is chopping ( or at least throttling ) USD M2, tautologously moderating the reason for BTC price appreciation which makes it a bankable investment in the first place. ( There may be other reasons that BTC is a bankable investment. )
• 7. ( Logical conclusions of 5. )
  If all nation-states horde BTC, the end-game is the same as if no nation-states horde BTC, except that now there would exist a common understanding of how digitally constrained money supply works. This puts the long-term BTCUSD price much higher than it is in 2024, but not at infinity, as it becomes some clarified function of global M2 ( all commodity prices are some murky function of global M2 ).
• 8. ( Possible implications of 7. )
  In some near-future when ( a sufficiently powerful majority of ) nation-states, and global monetary governors (such as the IMF) have reached a comfortable relationship with BTC pricing, then the case for uniformly replacing BTC with a more sophisticated global currency technology would be clearer to all. This is the general evolution-or-obsolescence case for BTC, which may see BTC either 
• 8a. ... adapted into a global CBDC ( where the UN-or-equivalent controls all the validators, or splits the network ), or 
• 8b. ... being banned, with nation-states opting to switch from allowing non-state cryptocurrency use, to banning non-state cryptocurrency use. This could be supplemented by the introduction of a per-state CBDC coupled with international CBDC protocols, or a single unified CBDC ( other than a direct descendant of  the BTC network ) at the global level. 

There are many reasons why each of these options is a pro/con for each state. To be elucidated elsewhere. Modelling these would fun.

---

This note was originally titled, 'Bitcoin as a Global Reserve Currency : Price Stability, then Evolution, or Obsolescence?'

I am also starting to wonder if the US BTC Reserve enactment would throttle the price growth of Bitcoin, while boosting valuations for non reserve currencies like LTC. It's basically increasing correlation between USD and BTC. So simply by holding BTC in reserve, there's a fed-put on the BTCUSD.

These are just thought floating around in my head that I've been scribbling down. No proper research has been done about this and there's probably some critical flaws in my hypotheses.

---

Further banter :

thanks. I'm just here for free tuition.

(1/2)

- The intended purpose of a thing is irrelevant to the functions it actually fulfills. There are now 'newer technologies than bitcoin for ( all sorts of things related to decentralised immutable ledgers )'. 

- BTC's value at the present is (FWIW) due to its (admittedly outsized) role as the 'lingua franca' for the asset class ... at about 60% of capitalisation. 

- The 'intrinsic value' of any fiat ( USD, BTC, etc. ) is basically zero, and its extrinsic value is a bunch of trust in a promise of limited supply. (There's a commonly cited argument that the value of state fiat is down to the state's promise to repay state debt, but that's a flawed perspective as real repayment of state debt is contingent on the more fundamental promise of limited supply of state fiat.) State fiat, or currency in general, functions as a language for denominating obligations, and has no intrinsic value. (You may disagree, I'm just elaborating on my position.)

- Back to the 'current' function of BTC. ( I have a word limit. Hah. ) Reports seem to glomp Fed and Tresury holdings https://www.federalreserve.gov/data/intlsumm/current.htm . 

(2/2)

- Regardless of whether the Fed or the Treasury holds it, the reserve asset would be 'on USGOV' from the point of non-US parties.

- We're discussing the proposal that USGOV could add BTC to its reserve assets. There's no reason to to do so, EXCEPT, that the asset has been marketed to public as a hedge against USD M2 expansion, and every ex-USGOV is buying it as a potential replacement currency vs the USD. Of course you wouldn't be able to agree with this point if you disagreed with the 'intrinsic value of any fiat is zero' specified above; but assuming this is true, then by extension ...

- The very act of USGOV holding a large quantity of BTC, should cause an increase in USD-BTC correlation ( which you seem to agree with ), which implicitly runs contrary to very 'current reason' that people hold BTC, regardless of its originally intended use. At some magnitude of USGOV holdings of BTC ( because we are examining the proposed strategy ) this tempers or outright reverses the rise of BTCUSD.

- At that point, USGOV doesn't even need to sell BTCUSD, it just holds it as a reserve currency. And the THREAT of a BTCUSD sale, followed by a reduction of M2, would temper / reverse BTCUSD price growth even more.  

 Further banter :

Yours is a commonly cited valuation of currencies - I have argued elsewhere in this comment tree that 'the repayment reason' is a strawman, which fundamentally depends on 'the limited supply reason'. Briefly :

There are actually three parties involved in the use of a currency.

• - ( A : they who control its circulating supply )
• - ( B,C : they who use it to denominate obligations )

B and C can only use a currency if A sticks to a promise to reasonably limit supply. The unlimited supply of the currency by A would deflate the value of the currency over time, thus making it useless to B, and C as a denominator of value.

This is true of all fiat ( non-gold backed ) currencies, regardless of whether that fiat is issued by a state ( USD, EUR, etc. ) or a decentralised community bank ( BTC, BCH, etc. )

Further banter :

Facts : it's NOT unlimited, because when it IS unlimited, you get Zimbabwe. B and C can only have the faith to use A's currency, because there's an implicit understanding that the expected rate of inflation is low. If it were high, B and C would simply switch to another currency.

The technology of distributed immutable ledgers, simply lets anyone set up their own currency. It's just plain old NGO-issued currency, BUT WITH MUTUALLY ASSURED CONTROLS OVER SUPPLY.

Caveat : average cryptocurrency user has no idea how it works ... hence no actual control over its supply ... but for whatever reason they trust the NGO community bank more than states. So they go long one fiat, and short the other.

Nothing complicated. Just a plain old loss of trust, resulting in trades. But at scale, it becomes stupidly interesting lol. Now BlackRock ( you know the news ) 

Further banter :

Well, the problem is partly because US and USD exceptionalism is an offensive play to begin with. No one knew how to get around it because all the other roads (currencies) sucked.

The technological innovation was simply to create a road (currency) that any NGO with a communications network could use to set up a central bank with controls visible to the users.

With that in place, at this point, it is US/D exceptionalism which is under attack. The US has various levers for defense. It can, as you say, go deflationary and spike unemployment ... or it can do (one of the other funny/stupid things we're discussing). 

Further banter :

the 'why haven't they just banned BTC yet?' Is one of the more interesting questions.

So far there are 2-3 angles I have on this :

• 1. It's a mutual assured enfeeblement strategy, to backdoor all state-fiat, since every state doesn't want too much strength in any other state's fiat.
• 2. It's a deer in headlights reaction to not knowing how states can efficiently use decentralised ledgers, blockchains, CDBCs, for defense or offensive purposes. So everyone just tolerates it while they look at testtubes like Tether, where TetherInc can remotely confiscate any USDT and remit the backing USD to TetherInc cooperates with.
• 3. States have some vested interest in the existing BTC network. No idea who the 64% of anon validators are right now. Right? 

Further banter :

No, no, not quite.

"Bitcoin is simultaneous long-and-short position versus global carry" - I finally got to read the details on December 2024's latest jargon.

Bitcoin is not so 'short global carry', because BTC's price in other currency terms will deflate if those currencies are rebased ( monetary deflation ). This is also why the creation of a US Strategic Bitcoin Reserve is both a short-term booster, and a long-term dampener on the BTCUSD pair. 

First of all, everyone is familiar with the concept that if the US has an SBR, then SBRs become mainstream, and 'every' country will have one too.

In the short-term, SBRs drive down Bitcoin supply, and thus drive up BTCUSD. But in the long-term, the very feature of Bitcoin which gives it value is eroded ... Bitcoin's value is mainly derived from decorrelation with the global M2, or the unhinged money printers which are the collective fiscal irresponsibility of the world's governents. So by the time every state has Bitcoin, Bitcoin's price appreciation will start to stabilise, implicitly becoming a low-tech CBDC.

At that point, it's rather likely that the UN either (a) builds a CDBC protocol around using Bitcoin, (b) forks Bitcoin or establishes an alternative which is more technologically sophisticated which becomes the UN-CDBC, or a protocol around a bunch of per-state CDBCs. The (b1, b2) contigencies are that Bitcoin continues to co-exist with UN-CDBC, or becomes outlawed/denigrated.

Further banter :

Update : I've started to jot down 'an articulation of money, from first principles'. Meanwhile i'm going to walk-back the hypothesis that 'states holding hard money, while issuing soft money, implicitly temper the appreciation of the hard money against their soft money', as I did a bit of modelling, and realised it's probably not true, however, more models are needed : what if at some point, the market for the soft money collapses by simple rejection from counterparties, who demand to be paid in the hard money?

Further banter :

( SBR impacts : still thinking aloud in conversations, prior to much clarity of modelling )

Not very deeply studied, but it seems like

(1) someone could buy most of the BTC in existence driving prices up but, they wouldn't be able to sell it in the long term, except by driving prices down again.

(2) The market would front run the sell any time it could, so there would be a perpetual discount on futures due to the threat of dumping.

(3) The magnitude of the perpetual discount increases, whenever buyers with an agenda to sell are seen buying. 

(4) This dampens the price-impact of buying unless everyone agrees not to sell. 

(5) In the evangelical phase of BTC, it is easy to persuade the majority of hodlrs that other hodlrs are not inclined to sell, because they are on the same side of the table, with the state M2 printers on the other side, however the more BTC is sold to states, the less BTC is held by non-states, and the more influence states have over the price of BTC.

(6) At this point, states can simply move the price of BTC any which way they prefer. States can threaten to dump BTC, and burn the proceeds, which subsequently keeps the price of BTC down by deflating M2, the denominator. The real price of BTC appears to be preserved in this case, though the nominal price of BTC would go down. 

(7) At some point, states may or may not get tired of playing with rebels, and decide to migrate from a BTC SBR to a per-state or all-state CBDC. They may do this by forking BTC, if BTC is already well-adopted, or by outlawing BTC and booting up new networks. Subsequently the price of BTC would be depressed again due to mass withdrawal of retail participation, unless of course there is a concerted effort by retail participants to become subject to criminal prosecution (entirely possible, just probably not soon).

I don't have a crystal ball. So this stuff is a good thought experiment.

 

Hypoaesthetic Rotation

During the recovery phase of hypertrophy, hypoesthesia seems to occur concurrently. To maintain productivity, it then seems appropriate to search for muscle groups which exhibit normal magnitudes of proprioceptive sensitivity, and to work on those groups instead of the numb ones.

The Risk Imposed by Random Angry People

Some people literally lose verbal reasoning capability when they're mad. I ran into a number of those adults when I was a kid ... they would demand that the kid stop talking, and they would only react clearly to yes or no answers. I think I encounter these folks less often as an adult, simply because I don't live with anyone who presumes that I will agree with them all the time.

The most charitable case of course, is sitting down every angry person in the world, and lie to them, so that they will calm down, and then begin to discuss things with higher intelligence. Some days one feels like lying for charity, and some days one does not. After all the P&L impact of throwing so much energy at fixing other people really is predicated upon one already having maintained one's own happiness adequately, and in excess of basic requirements to function as an individual.

I guess you can have a neutral approach to other people in society, but if they bring their anger to your doorstep, and dump it there, you can only do so much to console them. Clearly, it's harder to provide a solution, if you're viewed as the aggressor. But that is the limit of comprehension available from folks in a state of trauma.

This is literally why I presume that no matter where I go in the world, there will be some asshat waiting to pull some random freakshow on me. Haha. So I every day of my life, I begin with the notion that that the base case is that it is the day I will die. And if I don't then, damnit, now I have to think about what to do tomorrow ... or risk further boredom.

I'm conditioned to keep my stakes really low.

On the 'Normal' Frequencies of Suicidal Thought Varieties

 From the 'Your Therapist Needs a Therapist' FB group ... OP posts a meme :

... therapist : any suicidal thoughts?

... patient : only the normal amount.

... therapist : the normal amount is zero

... patient : ( monkey face giving a side-eye over their shoulder ) 

My initial comment ( edited for clarity ) : 

... "Thoughts WITH high intent to execute, WITHOUT reason," is associated with a LOW normal frequency.

... "Thoughts WITH high intent to execute, WITH reason," is associated with a HIGHER normal frequency.

... "Thoughts WITHOUT high intent to execute," is associated with an EVEN HIGHER normal frequency.

... All different stats

Another commentor : 

do you have any literature on this?

Me : 

unfortunately, no. Lay person here, not certified. Could sit down to Google it, but I haven't.

The intuition is simply what I understand that societies consider to be disordered or not.

• 1. Having the capability to simulate a murder (self or others) isn't criminal, and therefore there are few laws limiting the freedom of thought about this.
• 2. Having the incapability to (simulate without subsequently reifying) however is criminal, but we generally don't have brain scanners to read what people think, so we only judge them by what they do.
• 3. Back to therapy ... this is the slow method of brain scanning.
• 4. There are good arguments that sometimes it is ethical to commit murder (self or others). But that's into the realm of ethics, less about mental health.
• 5. After all what is considered health or orderliness is some synthetic norm agreed on by a community, which we codify into arbitrary norms and laws.

Plot twist : psychology invented 'normal' ( I kid, I kid ) 

USDT and TetherInc are basically a test tube for USD-CBDC

 TIL :  

• - TetherInc is NOT regulated to prove its claim that all USDT issued is backed 1-1 with traditional USD assets ; it has never been comprehensively audited by a third-party ; is has a history of being fined for false claims
• - TetherInc controls the USDT validator network, and can arbitrarily freeze any USDT wallet ; it has a history of cooperation with US.gov to seize assets 
• - the absence of regulatory stringency combined with government cooperation basically indicates that US.gov allows TetherInc to function as a sort of test tube for USD-CBDC
• - the mechanism of seizing USDT assets seems fairly straightforward : TetherInc simply has to freeze a wallet, and transfer the corresponding reserve assets to the seizing party 

aphorism : education x respect

Anyone who pursues education in order to obtain respect, is a fool.

Check : am I allowed to say X under the Sedition Act of Malaysia? #1531f

Malaysianisms : Yesterday, I engaged with some comments about the role of language in national identity, and the lenses that different demographics of Malaysia apply to this debate.

A very brief metaphysical overview ( ontological question : what exists, to be discussed? ) of this is :

** Under the Law / Formally **

1. The national Constitution differentiates 'classes of citizen' by certain 'traits', such as the use of a particular language.

2. Each class of citizen is subsequently attached to differentiated sets of rights.

3. There is no legal requirement to obtain knowledge of any language, unless one wishes to gain admittance to certain classes. The use of specific languages is necessary, but insufficient, for admissions to a class, based on the given class definitions.

** Under the Law / Less Formally **

4. Under the Constitution, but subsequently nuanced under subsidiary legislation, and at the whim of by executive policy, both drawn up over the years, there have existed ( and expired ) a number of policies with varying degrees of controversy. Some policies embedded specific structures into the the economic history of the nation, and in hindsight may or may not have been the best way to do things. These continue to be be an interesting class of contemporary debates.

** Above the Law / Informally **

5. There is a great discourse about national identity, and whether a certain language is necessary for informal assignment of national identity. ( Basically some believe that if you don't know language X, it makes you less Y. )

6. There remains room for (5.) to feedback to (4.), and even in the distant future maybe to (1-3.)

** Meta-philosophical Concern : Act 15, The Sedition Act 1948 ( Amended 2015 ) **

7. Most recently, the 2015 amendment to this law was "approved by the King on May 28, 2015 and published in the Gazette on June 4, 2015," thus forming the most recent official copy of the law.

8. As recently as 2023-SEP-08, officials such as the Inspector General of Police have called into question the citability of the correct law, as recent amendments may or may not have been included by recent publishers. ( https://www.malaymail.com/news/malaysia/2023/09/08/books-on-sedition-law-should-include-2015-amendment-to-prevent-public-confusion-on-3r-offences-says-ex-igp-musa-hassan/89637 ) An updated PDF could not be found under site:agc.gov.my via Google as of 2024-DEC-10. A Malay version updated to 2006 may be found here ( https://mediamalaysia.net/wp-content/uploads/2010/05/Akta-15-Akta-Hasutan-1948.pdf ).

9. The legality of discussions ** about ** items (1-6.) should be given due consideration in light of (7, 8.). 

10. Paraphrased, the Sedition Act, forbids causing :

• 10.1. ... { dissatisfaction, hated, contempt, disaffection/disloyalty } to any { ruler, government, administration of justice } ;
• 10.2. ... incitement of attempts to do anything illegal ;
• 10.3. ... incitement of ill-will or hostility between any groups ;
• 10.4. ... the calling into question ( Malay : "mempersoalkan", defined extrinsically by the Dewan Bahasa & Pustaka as "raising as a question, turning into a question, analysing, discussing, debating" ), matters discussed in Articles 152, 153 or 181 of the Constitution. ( Act 15, Section 3, Subsection 1,f ... which I shall find amusing to hashtag : #1531f ) ;
• 10.5. ... the (creation or distribution) of any (content with a tendency to be seditious), regardless of any intention or absence of intention ( 'actus reus', without 'mens rea' ) ... thus making it possible to be guilty by accident.

11. Therefore, in the BROADEST interpretation the stated topics are strictly taboo, not even to be discussed, which cannot possibly be the correct interpretation. However a NARROWER interpretation of "calling into question" may allow for statements to be made, as long as they comply with the rest of the Sedition Act.

12. So, in the discussion of (1-6.) it may be then be inferred, you DO NOT want to :

• 12.1. ... phrase any (sensitive matter) as a question ;
• 12.2. ... say that any (sensitive matter) should not be the case ; that it is the case in law should be taken as a given, if the law is clear ; however since the purpose of any law is to be read, interpreted, and enforced, it appears that interpreting the law must be allowed to allow the law to fulfill its own purpose ; this will probably have to go to court if you challenge it, and there may not be bail while you wait ;
• 12.3. ... incite any attempts to illegally modify (sensitive matter) ;

13. Finally, what does that leave us with allowances to DO in the discussion of (1-6.) ? Perhaps :

• 13.1. ... stating ( without question ) that something that is stated in law, any subsidiary legislation, and related executive policies, are facts ;
• 13.2. .... stating ( without question ) the observation that any items of (13.1) have had specific consequences, physical or mental, with evidences provided ; phrased in an arbitrarily non-seditious fashion.

That is probably hard!

14. The main concern I had across (1-13.) was, am I allowed by law to say some of the things I have said? For example, that the Constitution and its subsidiary executive policies over the years have caused division among Malaysians, that this is a fact, and that it is a grievous fact, of national proportions?

15. I have just said it anyway. But I grew up in this country assuming that I would be powerless to stop myself from being locked-up at anytime, so generally I am prepared for that. 

Good evening!

---

And other laws on speech? Would like to compile a list for my own interest.

• ... Printing Presses and Publications Act ( Act 301 )
• ... Communications and Multimedia Act ( Act 555 )
• ... Official Secrets Act ( Act 88 )

Komen atas : ketidakgunaan bahasa malaysia oleh sekelompok orang malaysia

Keterangan : Niat asal sesuatu bahasa kebangaaan, adalah sebagai kebangaan bangsa tersebut. Malangnya : konfabulasi dasar hak ekonomi dan dasar pendirian identiti membolehkannya terjadi sumber permisahan rakyat antara satu sama lain.

---

Teks1 : Penulisan asal dari tangan : 

Bangsa Malaysia selalu mengidolakan bahasa sehingga termaktub dalam perlembagaan bahawa kelas/golongon berhak adalah terpisah mengikuti ciri seperti pengunaan bahasa. 

Ini bukan ciri setiap bangsa. Kita saja yang mewarisi keidolaaan ini.

Lebih lagi, kelas warganegara yang sudah dibuang hak keutamaannya, dia rasa tak perlulah mengejar ciri-ciri ini ... asalkan matlamat dan keutaman hidupnya tidak merangkumi kemasukan ke dalam kelas bumiputera, dalam fikirannya, ciri-ciri bumiputera hanya gangguan kepada jihadnya yang utama, iaitu kekayaan, sejenis gaya hidup, dan penjagaan hati dirinya dan ahli keluarganya.

Begitula masyarakat Malaysia, mungkin akan terpisah secara berpelembagaan, selama-lamanya.

Inilah antara kepiluan yang diputuskan bangsa kita.

Komen ini ditertetawakan pembaca ; saya teruja :

• "Saya tak faham tulisan saudara. Orang putih kata "verbose"."
• "Inilah kepiluan yang diputuskan bangsa kita. Really??? Did you just google translate this?? Hahaha."
• "google translate ke bro?"

Jadi saya ambil kesempatan ini untuk membuat penyelidikan dan perbandingan antara cara tulisan saya dengan tangan, dan kuasa penterjemahan Google.

---

Operasi / Perjalanan Pertama

Teks2A : Penulisan asal (teks1), diterjemahkan ke dalam Inggeris, oleh GOOG :

The Malaysian people have always idolized language to the point that it is enshrined in the constitution that classes/groups are entitled to be separated according to characteristics such as language use.

This is not a characteristic of every nation. We are the only ones who have inherited this idolization.

Moreover, the citizen class that has been stripped of its preferential rights, feels no need to pursue these characteristics... as long as its goals and priorities in life do not include entering the Bumiputera class, in its mind, Bumiputera characteristics are only a distraction from its main jihad, which is wealth, a certain lifestyle, and taking care of itself and its family members.

Thus, Malaysian society may be separated constitutionally, forever.

This is one of the sorrows that our nation has decided. 

Teks3A : Teks2A, diterjemahbalik ke BM, oleh GOOG :

Rakyat Malaysia sentiasa mengidolakan bahasa sehingga termaktub dalam perlembagaan bahawa kelas/kelompok berhak diasingkan mengikut ciri-ciri seperti penggunaan bahasa.

Ini bukan ciri setiap bangsa. Kita sahaja yang mewarisi pemujaan ini.

Lebih-lebih lagi golongan warganegara yang telah dilucutkan hak keutamaannya, berasa tidak perlu meneruskan ciri-ciri tersebut... selagi matlamat dan keutamaan dalam hidup tidak termasuk memasuki kelas Bumiputera, pada fikirannya, ciri-ciri Bumiputera hanyalah sebuah gangguan daripada jihad utamanya, iaitu kekayaan, gaya hidup tertentu, dan menjaga diri dan ahli keluarganya.

Justeru, masyarakat Malaysia boleh dipisahkan secara perlembagaan, selama-lamanya.

Ini adalah salah satu kesedihan yang telah diputuskan oleh negara kita.

---

Perjalanan Kedua

Teks0 : Pemikiran saya, sebelum tulis (teks1) :

Malaysians tend to idolise language, to the point where citizens are classified according to their use of language in the Constitution.

This isn't true of all nations, but it is true of Malaysia.

Citizen classes whose rights are deprioritised by law, have no incentive to learn Bahasa Malaysia, unless they aspire to ascend to the bumiputera class. Therefore this trait of bumiputeras is viewed as a distraction to one's primary pursuits of wealth, a particular lifestyle, and care of oneself and one's family.

So Malaysian society may be divided forever, constitutionally.

So it is one of our nation's decided tragedies.

Teks2B : Teks0, diterjemahkan ke dalam Bahasa Malaysia, oleh GOOG :

Rakyat Malaysia cenderung mengidolakan bahasa, sehingga warganegara dikelaskan mengikut penggunaan bahasa mereka dalam Perlembagaan.

Ini tidak berlaku untuk semua negara, tetapi ia benar untuk Malaysia.

Golongan warganegara yang haknya diketepikan oleh undang-undang, tidak mempunyai insentif untuk mempelajari Bahasa Malaysia, melainkan mereka bercita-cita untuk naik ke kelas bumiputera. Oleh itu sifat bumiputera ini dilihat sebagai gangguan kepada pencarian utama kekayaan, gaya hidup tertentu, dan penjagaan diri dan keluarga.

Jadi masyarakat Malaysia mungkin berpecah selama-lamanya, mengikut perlembagaan.

Jadi ia adalah salah satu tragedi yang telah ditentukan oleh negara kita.

---

Perjalanan seterusnya ... ( I don't know about you, but I prefer the final line as expressed in Teks1 )

Further banter :

1. Bangsa is interesting because it means alternatively, nation, or race. This leads to colloquial oddities such as 'bangsa Melayu/Cina/India' referring to ethnic origin, and 'bangsa Malaysia' referring to national identity.

This has caused confusion in speech, because when I say 'bangsa kita' to a Malay person, they may think I made a semantic error, whereas I referred to Malaysia. I recently wrote something complicated along the lines of 'kepiluan yang diputuskan bangsa kita' and everyone's first reaction was, did you get this from Google Translate. Lol

I explained cryptocurrencies to my dad

 ( Yet another note, so matter of testing different ways of saying the same thing to different audiences. )

Recap of how blockchains work : 

• 1. at the root : the basic data structure is a distributed ledger ... a complete record of the history of something, given to a number of different parties in a network
• 2. consensus protocols : changes to the ledger are submitted to a certain number of parties ... and the parties must agree, to some majority, or the network fails to function
• 3. cryptography : using cryptographic hashes makes the ledger cheaper to check
• 4. cryptocurrencies : the ledger is used to store the records of a currency's unit creation, transfer, and destruction
• 5. smart contracts : the ledger is used to store computer code that be executed upon the meeting of certain criteria
• 6. governance : some cryptocurrencies carry voting power, like shares in a company, within the rules of their protocol
• 7. incentives : in exchange for computing power, parties in a network may be rewarded with units of the network's currency
• 8. The extrinsic value of cryptocurrencies ... like the extrinsic value of shares in a company ... is not tied to the internal functions of the cryptocurrency's network. 
• - If Apple's stock price goes to zero, operations of the company are not internally affected. 
• - Likewise the price of bitcoin is only a measure of the faith of the world in the value of bitcoin, in terms of USD or other currencies.

I am an NPC

I am an NPC. That's gamespeak for non-player-character, or a robot in a fictional world which human-controlled avatars can interact with. I am joking of course, but bear with me. I came to this conclusion after making a snarky comment on a celebrity teacher's post about solipsism and experience as a fully-quantifiable data structure.

I have since the early 2000s been of the opinion that all my experiences are possible to quantify. To detail this a bit more, all my sensory experiences are no-doubt quantifiable, and I generally have no categories of experience which I think of as non-sensory. This is a common, and in some traditions canonical, view among analytical and/or meditative thinkers, but most laypeople don't really think of things that way. Instead the plebeian uses concepts of irreducible emotional and spiritual experience to describe their mental life.

But what if there actually exist such ineffable, incongruous, unquantifiable, intuitive, irreducible experiences in other people ... and it is only I that don't have them? Aha! I must be an NPC!

My friends would probably say : that explains everything.

Reflections on Operational Anxieties

Fear of loss. Kierkegaardian palpitations. Eye watering nausea. Spine numbing diarrhoea. Metaphors for unregulated uncertainty.

Feel like buying? Don't buy.

Feel like selling? Don't sell.

Feel love? Wrong signal to love.

Feel hate? Wrong signal to hate.

Opportunities forgone in times of disregulation are written off, as unpredictable accidents.

Actions taken without the impulse of unplanned activity, can be studied structurally for further development.

Politics is Knotty

Political engineering is, figuring out how to hand everyone enough rope with which they will happily hang themselves. 

Political philosophy is, the habit of asking of anything in hand, what kind of rope is this?

guess who's running the 64% of bitcoin validators hiding behind the TOR network :D

I don't know - the economic incentives are kinda trite. Be my guest, hazard a guess. Could be the US deep state, or BRICS, or someone else.

• competes with the function of sovereign currencies
• debases any sovereign power projections executed via currency agreements, policy, or controls ( i.e. mutually assured enfeeblement of nation-states )
• soaks up retail liquidity
• soaks up USD liquidity
• moderates the price of any other inflation hedging assets ( gold, US equities, particularly tech stocks )
• ???

---

Further banter :

McAfee's interview is a nice example of shit served with ice cream :

1. BTC is really, really, slow. Read up on TPS for other alternatives, there are many.

2. Filling in forms is really, really, fast. If you have 1990s QR or other OCR infrastructure to begin with. (Mostly we don't, and that's a cheaper policy solution than deregulating cryptocurrency.)

3. There are lots of enforcement mechanisms to keep sheep in the pen. The motivation for states to avoid those for now should give any reasonable analyst cause for concern : besides the mutually assured enfeeblement of state money, where does surveillance fit in? And after all, who runs the validators?

4. You don't have to tax crypto users, if you can tax crypto validators. By extension in one, of many possible futures, where decentralised validation is the global monetary infrastructure, the tax on physical inputs would have skyrocketed, to control who can afford to run validators.

Nota mengenai Sektor Aset Kripto

1. Cerita Saya dalam Dunia Pemasaran Mata Wang

2. Penghayatan Kritis dari segi Ekonomi Politik Antarabangsa

3. Lima Dikotomi Penting

Small Algorithm for Sector Asset Allocation

• - assets are sectored to the degree that there is data to differentiate their markets, but assets in a cluster may be of any capitalisation size
• - assets within each sector are equally weighted; sectors are weighted based on broader criteria, tactically and/or strategically, with allowance for tactical changes in relative weight 
• - tactical rebalancing : bull market : when one asset in sector appreciates out of weight against other assets in the sector, buy up other assets in the sector until all assets are of equal weight
• - tactical rebalancing : bear market : when one asset in sector depreciates out of weight against other assets in the sector, sell down other assets in the sector until all assets are of equal weight

Hmm!

Motivation to Pursue Rote Skills

Most of my motivation to pursue mastery of dumb skill is of one of two kinds (a) it's often easier to DIY something than to hire someone else (b) at scale I don't want to be managing labour without insight into what labour is doing.

Mostly (a) : cooking, cleaning, simple fabrication and construction, clothing repair, accounting, sex

Mostly (b) : nutrition, physical conditioning, software development, business administration, project and program management and governance, asset and investment management

All the dumb shit in the world. But useful learnings, in context.

Music played with money

It's become considerably interesting to me that liberal arts colleges don't make it mandatory to study the widely practiced and economically impactful visual culture of what is horribly misnamed, 'technical analysis', in the finance industry. It's nothing more or less than music played with money.

---

Further banter :

Of all the common commercial activities I've put myself through... I swear, technical analysis is literally, not figuratively, the closest it comes to writing music. Because it's literally, not figuratively, a matter of looking for geometric progressions of tempo, melody, and harmony in signals. And we're talking about layers upon layers of this shit ... I'm not a huge fan of either. But these are apparently the best tools we have to govern animal spirits by the billions. A huge fucking dance-off ...

Thinky Poem

You may think, I have not lived. I have lived, mostly bored, yet not depressed - I have found things to build, and it has amused me; mostly I have built myself, sometimes I have built other people.

You may think, I have not loved. I have loved, many parts, yet few wholes - I have found things to fix, and it has amused me; mostly I have fixed myself, sometimes I have fixed other people.

I may think, the world is a series of ugly things, half-arsed ideas, broken stories, and damaged machines, destined to encounter myself, a force of irony.

We may think, I have yet to live, that I have yet to love, or, we may think that the world has yet to me.

It doesn't matter what I think, I just think things because I am bored.

Cognitive architecture of beauty and intention

LT and ST memory interactions, the psychology of beauty and intentionality, and the architectural impact of economic privilege :

Form 1 : the conceptual brain is in read mode, outputting concrete sensory forms into sensual memory; in this mode, the output of peripheral sensory cognition, into sensual memory, is less consequential, because the conceptual brain (wherein the wetware may constitute both memory and computing functionality) is not in write mode, and therefore not taking input via sensual memory, from peripheral cognition.

Form 2 : the conceptual brain is not outputting intentions, and is therefore available for reflective inputs. It experiences pleasure from recognised cohesion, and pain from recognised chaos (high entropy).

More assertive personalities find themselves more often in the Form 1. More sensitive personalities find themselves more often in the Form 2. The privileged person is naturally or culturally enabled to switch between the forms with agility.

Incremental Utility of Power

Some people find rich people irritating because they wield power in hurtful ways. That is not my main concern.

I tend to find them irritating if they are the sensitive sort who use money to reduce their exposure to irritations.

Generally I prefer people who are less sensitive - and you see, people who are less sensitive tend to be less wealth-seeking, as incremental wealth adds less to their quality of living.

Maybe that is too brutal.

The Life of Leaves

Society is generally wired to sustain things. Why live? Why help others live? Why persist the trash of human trivia in all its forms? Some people enjoy it because it is aesthetic. Others do not do it because it is not aesthetic. Darwinism has it that only one of these survives to reproduce. Some members of society are destined to be leaves. Some members are net destroyers. Objectively these are all amoral positions. But if morality takes a normative stance about survival, instead of merely a descriptive one, then the destroyers are immoral.

I am generally content with my role in life as a destroyer. The question is only how to interact with trash.

Practical Philosophies of Education

( from an interest group ) A response to philosophical concerns about the education system in any specific country. Some practical notes on educational concerns in COUNTRY.

1. Make a distinction between 

• (a) your targets for your own education vs. 
• (b) your targets for the education of your peers/friends/countrypersons. 

Implementation of any ideal to contribute to society hinges upon your own capability to function, first.

2. Any concerns you encounter about education in COUNTRY may not be specific to COUNTRY. It may be a global concern - you should suss this out early, so that any action is planned within an appropriate context scope.

Bitcoin as a Risk

The biggest threat to Bitcoin is another cryptocurrency. I don't know which one that would be, but you can take a guess. 

1. Nearly all publicly accessible cryptocurrency operators ('validators") are fundamentally non-state-organisations, or NGOs, equivalent to unregistered religious societies. The industry lingo for this is DAO : decentralised autonomous organisation. Unless states outlaw such organisational activities, publicly available cryptocurrencies get to exist. States are incentivised to keep these around, as a form of mutually-assured financial vulnerability. No state wants another state's fiat to be the fiat franca, therefore nearly all states currently implicitly support non-state-fiat by virtue of not outlawing non-state-fiat.

2. Bitcoin however, has an overly concentrated share-of-mind. Currently it holds about 60% of the entire asset class's capitalisation, a fraction which represents what the investment community at large knows about cryptocurrencies in general. One might say the same of gold, among other metals, so maybe this isn't going away. However Bitcoin is becoming more complicated in ownership, financially leveraged in the economy, and intertwined with other asset classes. Moreover, unlike gold, Bitcoin is subject to catastrophic failure via cartelisation of validators and the 51-percent-attack case.

3. Under what circumstances might large holders of Bitcoin be forced to sell their holdings? (Looking at you, $MSTR.) Every professional asset manager's RMD should have this contingency documented clearly. Under what circumstances might nation-states collectively agree to outlaw non-state-fiat? Ditto RMD fiduciary duty. Under what circumstances might an ex-Bitcoin cryptocurrency gain more economic momentum than Bitcoin? The RMDs must have a plan.

4. Pro-tip. RMDs never have comprehensive plans.

5. I guess we'll just wait and see how things develop.

6. Everyone can go back to work now.

Poles/Means in Geometry

 Geometric norms in visual culture.

1. chaos

2. straight lines, right angles

3. curved lines, circles

All styles can be plotted along a three dimensional axis, having more or less of each of these.

In some sense, this lens is extensible to aural and other modal cultures too.

incels

Chatted with a friend today about stereotypical issues in the cis-het dating market. Of course, you can switch the genders, for other types of couplings - this is a caricature.

1. BOY incels : WANT to be cuddled, but don't know how to make girls want to cuddle them; stabby guesswork often results in guys "making moves" which strike girls as either ludicrous or traumatic; CHEAT code answer ... ask a girl what makes her feel loved, then either admit you don't want to/know how to do it, or do it and ask if she feels loved ... if she says she doesn't, then you may do philosophy together and review the specification; 

2. GIRL incels : WANT to feel loved, but don't know how to make boys want to love them; half the time, girls are just waiting for rain, and not making moves; CHEAT code answer ... tell a boy how you want to feel, AND what tends to help you feel that way ... if they say they won't/can't/shan't do it, then you may do philosophy together and ask the client why they are avoiding the simplest way to get what they want;

In both cases, DON'T even bother with people who won't answer the question and discuss the specifications, goals, and ways to reach goals unless you're rich and like gambling with time/money/etc.

Not a very developed set of ideas, but enough to get started on scripting a play, or something like that.

Gentlemen at War

centrist : Seems like automated circuit breakers on exchanges can be manipulated, to trigger panic-selling, and this should not be allowed.

capitalist : It's not the exchange's job to stop panic selling. In fact exchanges ENABLE panic selling which would not be possible without exchanges. The exchange's job is to allow smart money to take dumb money.

centrist : What are circuit breakers for, then?

capitalist : Circuit breakers allow smart money to take dumb money, gently ...

Why Smart-asses Gravitate to the Investment Industry

1. Ignorance is the basis of all investment.

2. Without ignorance, all assets would be terminally-valued in the present, and there would be no investment incentive, and thus no investment activity or industry.

3. Thus investment banking attracts smart-asses.

Trying to Understand the Asset Class

Well, now the stupid-case scenario for JAN'25 is asset class cap at 8T USD, and BTC cap at 5.2T USD, where BTC.D=65%, or 270% of 21NOV'24 price. Huh 😛

I suppose that means, a passive toy portfolio strategy for Malaysians would be, go on Luno, buy RM100 of each of the 18 token currently offered ( limit orders on the exchange, not instant buys ). Hold it for 12-months, with a benchmark of 2.4x, or profit=140% of money-in. YMMV

the psyche of salarywo/men and non-salarywo/men

The psychology of the salarywo/man is very specific. They are mainly concerned with their ability to win trust. More trust means more pay. They fear being untrustable! It is terrifying to them!

But those of us who are not optimising for pay, worry about different metrics. We don't mind being employed, but if you don't trust us, that is not a problem, as our key priorities are unaffected by the absence of trust, and absence of pay. So usually we just set a price on our time, and forget about it. Generally I prefer board roles. Lol

Meanwhile, there is an endless quantity of things to do in life beside being employed. Mainly I enjoy studying. Studying is capital development, which I can deploy for my own welfare regardless of external employments.

I have planned my life around minimum wage, so I am guaranteed to have easy access to happiness until the time I cannot work, and then presumably I can die.

destructuring the crypto bubble's expansion

1. Asset classes : real estate (slow sticky dirt), commodities (fast loose dirt), equities (property rights), contracts (promises : debt, futures, other derivatives), currency (communication).

2. Crypto is just a type of currency, which simply innovates on the communication problem.

3A. Commodities were initially correlated with crypto, as early cryptofiat was marketed as a low-tech, supply-limited, hedge against statefiat.

3B. Statefiat currencies become slightly more correlated with crypto, with the emergence of stablecoins.

3C. Equity is becoming more correlated with crypto, as ETFs and listed entities holding crypto increase in size and quantity.

3D. Fixed income is becoming more correlated with crypto, as (3C) increases its gearing to hoard more crypto assets faster.

4. We must continue to monitor the intertwining, and stacking of leverage, in order to be aware of sudden unwindings. This is the natural course of things.

Ensuring Merged-entity Accounting Policy Harmonisation

 - Minimum of one board member must have end-point / EP responsibility.

- Cross-functional working group / WG at the executive level reports to the EP.

-  WG must document all communications with regulators / R.

- WG must produce on-beat status updates and risk management, besides the main project timeline itself.

- WG must have designated comms person / CP with ready 30-second briefings for each of many internal and external stakeholders, on each major contingency, at all times.

I'm sure this applies to anything else, of equivalent importance, really ... 

Summary of Architectural Style Jargon

Structuralism : "systems design"

Classicalism : "anything too old to challenge, but structured and pretty enough to keep"

Modernism : "minimisation of classical forms, maximisation of equivalent structure, moderation of prettiness"

Art deco : "minecraft modernism"

Streamline : "curvy art deco"

Post-modernism : "fuck structure, fuck pretty"

Expressionism : "whimsy"

Baroque : "maximalist expressionism within a structural context"

Rococo : "foamy baroque lite"

New Formalism : "modernism with moderate reintroduction of non-functional, formal classical compliances"

Brutalist : "minimisation of any non-functional formal compliances"

Corbusian : "wear anything you want, pick up a potted plant, and hold it over your head, then squat"

Prairie style : "replace the pot with a broad hat, squat deeper"

Miesan : "lose the pot, keep squatting, more glass"

Diatribe Against Tribal Education

 I'm in a FB group for education. There is good LOL-value in some of the posts, but it is a depressing reminder of how education functions for the masses.

• 1. The mode citizen is taught to be fearful, and to have no fear is criminal. This is generally called morality.
• 2. The mode citizen is taught to be distracted, and to have no distraction is disordered. This is generally called autism. ( The popular version, not the medical definition. )
• 3. The mode citizen is taught that their individual experience, and local networks are important, and the needs of their few outweigh the needs of the many. This is generally called self and family.

Can you imagine if the mode citizen was fearless ( amoral ), focused ( relentless ), and constantly seeking to be aligned with the species as a whole ( atribal, anational, aracial, acultural )?

Yes, you have seen it before! It is like the borg. That is the sort of civilisation I think is ideal. But to get there, there are many, many, many, little wars which shall be fought among many, many, many little groups of people. 

And that is purpose of capitalism - to formalise the jungle under law, and to bring about the evolution of our world from past to future.

Maybe the future will be bright, maybe it will be dark, but there is only one way to find out.

Explaining "cascading stops are a market risk" in Malay

Order types in Malay : 

Kemungkinan bukan masalah technical, tapi risiko pasaran yang tidak diurus baik oleh peniaga. Kita cuba menterjemah sendiri ya, sebab BURSA dan DBP macam tak cover istilah ni ...

Carta (exchange) tu kelihatan macam 'lata hentian' di mana 'pesanan hentian terhad' tercetus berurutan. Contohnya : 

[ pesanan1 : pada hentian 370, pesan jual terhad pada 350 ]

[ pesanan2 : pada hentian 350, pesan jual terhad pada 330 ]

[ pesanan3 : pada hentian 330, pesan jual terhad pada 310 ]

Jadi bila ada jualan pada 370, semua pesanan ini jual sekali ... boom 😃

Saya baca orang kata luno tutup pasaran : mungkin ada pemutus litar pada had 15%