mircea_popescu: in any consumer driven market, the price is the only signal of everything. and you do not give as much as a faint whiff of selling the 1k item for ~20 bux. not ever.

mircea_popescu: you can not "buy back own arse", at any price, for as long as you think in those terms or anything like them, your ass is public property.

mircea_popescu: (rate price means i wouldn't pay 50% of that in any case)

mircea_popescu: http://log.bitcoin-assets.com/?date=19-07-2015#1206146 << i've been mulling over this the whole fucking day, incidentally. if i were ceo of any automaker and the new model made the old models go up in price, i would on the spot fire the entire design team. ☝︎

mircea_popescu: shitty tube traffic ? i dunno that you could sell it at any price, a decade ago.

mircea_popescu: "but your honor, it would be a price too high for society to pay were the government granted the right to act because of any defect sufficient to invalidate submitted tax reports"

mircea_popescu: al. It would be a high price indeed for society to pay were every accused granted immunity from punishment because of any defect sufficient to constitute reversible error in the proceedings leading to conviction. From the standpoint of a defendant, it is at least doubtful that appellate courts would be as zealous as they now are in protecting against the effects of improprieties at the trial or pretrial stage if they k

mircea_popescu: <asciilifeform> 'progressives' like to trot out examples of 'the people of the past could not buy an ipNohe for any price' << except current folk can not get stuff like... tomatoes, for any price.

mircea_popescu: This means that ultimately, to the extent that currencies are interchangeable to end users, merged mining does not increase the overall security of the networks. The demand for currencies drives the price (and thus the value of the reward). Increased demand for any given currency results in decreased demand for others, lowering the incentive to mine for the other currencies. The total incentive is a function of total d

mircea_popescu: so any bets/guesses as to what price bitcoin needs to touch for coinbase to fire 9 workers ?

mircea_popescu: watch how in a few short months it won't be possible to buy bitcoin at any price.

mircea_popescu: "the smaller sum of 18,000 BTC missing presents a still more onerous obstacle than Mt Gox faced in absolute terms as that many Bitcoin are largely unavailable to most people at any price denominated in national currency."

mircea_popescu: punkman: if Satoshi appears and says hey guys I lost the key to 250k coins, how much would the price go up? << wouldn't have any appreciable short term effect.

mircea_popescu: The United States Marshals Service reserves the right to sell some, all or none of the bitcoins for any reason. There is no disclosed reserve price for this auction.< << check the shit out. "secret reserve, will not announce winner".

mircea_popescu: still the major problem will be that while on average say it's an ideal market, 0% bias, that average has a poisson distribution of maybe 15% each way, so any individual buyer could see a price fuzziness as close to 30% as his luck gets.

mircea_popescu: thickasthieves: would love if mpex or an mpex property offered any sort of price instrument that would allow moving volume from other exchanges << specifically ?

mircea_popescu: The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees fro

mircea_popescu: cazalla: is price-to-income a good way of evaluating a housing bubble? << it's an indicator. tho it also reflects the center/periphery balance (ie, in any realm, the capital is cheapest and the fringes most expensive. that's where mining happens or w/e, higher risk adventuring. easier money, less boring people, higher risk so many explanations for larger rents)

mircea_popescu: anyway, that's the major change here. after the missed boat of govt mining last year, this year the us fed has actually given its infinite fiat backing to any scheme that convincingly may help, and meanwhile to trying to depress price.

mircea_popescu: Is there any community out there, that despite the price crashes and road-bumps, stick together in such a strong manner, getting stronger by the day?"

mircea_popescu: ians realize the dollar system is not in their interest, and they are going to leave it. . . . If any significant part of the world stops using the dollar, the price of the dollar falls because demand for dollars falls, and the import cost for America would rise. When you see how import dependent we are, it would mean a substantial rise in the real cost of living for most Americans.”

mircea_popescu: Do u have any personal imformation of BVPS owner?They are fraud.They started buy back at a very low price 2 monthes ago,and it's non negotiation.I can get less than 3 btc.I accept that.And they say they will pay before june 30th. But I havent got any payment till today.

mircea_popescu: i wonder if we'll see a draghi hour. (named after "earth hour", where people supposedly don't use any energy for a whole hour once a year, the draghi hour is an hour where nobody buys anything whatsoever. it results from inflationary price shocks, supply side inflationary blockage and people being generally poor and justifiably hopeless)

mircea_popescu: <bloctoc> looking for eve online war logs to see if there is any relevance to mpoe price. << now that's diggin' deep.

mircea_popescu: i don't think your typical mpex holder has any interest in the bitcoin price of tyhe various fiats.

mircea_popescu: obviously someone that owns shares can sell at any price they want.

mircea_popescu: that aside, bitcoin will outlive the dollar, in which sense any arbitrary price point will be reached eventually.

mircea_popescu: mike_c i capitulated re s.mpoe price making any sense like a year ago

mircea_popescu: decimation not for any price youll afford to pay.