mircea_popescu: you want to build a "facility".

mircea_popescu: A dedicated facility will be purchased or built on un-/under-developed land located in Maine due to our cold 6 months out of the year environment and lack of natural disasters. $150k will be set aside for this purpose as a soft estimate.

mircea_popescu: and so people aren't really very interested in facing the cp risk involved.

mircea_popescu: as such, the benefits of making a large company out of many fpgas are neglectable

mircea_popescu: be that as it may, the problems with your design are that anyone can run the newer fpgas. the days when gpu's required competence from the operator are gone.

mircea_popescu: fact of the matter is all this is pretty banal. a currency exists.

mircea_popescu: mno. i could just as well point out that it's because mpex went from 300k to ~5mn valuation, it's mpex that people are speaking about.

mircea_popescu: wouldn't you think this is something better left to "people" to say ?

mircea_popescu: it's sad what all the prep talks and "creativity" training has done to this generation.

mircea_popescu: im reading up on this jro drama. these forum idiots... ah god they're so friggin ridiculious. they're exactly but exactly like any other 30something incompetent but ambitious circlejerk.

mircea_popescu: you can't seriously think you invented "bootstrapping" though bitcoin.

mircea_popescu: if talk makes you happy you should spend time with whores.

mircea_popescu: only thing we can fix in this world is ourselves.

mircea_popescu: surely. the only thing is that the market we can do nothing about.

mircea_popescu: cause i think this "being in a bad spot for being first" is mostly self-pity. in fact, it's in a bad spot by poor communication with market.

mircea_popescu: i think you'd have been a lot happier if that contract was better written tbh.

mircea_popescu: ya but they didn't actually ipo as a car factory

mircea_popescu: well ya but you didn't say that originally.

mircea_popescu: if you ipo as a shoe factory you can't take the money and buy shoe factory shares in other factories

mircea_popescu: if they fail you don't end up with large capital costs writen off as losses this way.

mircea_popescu: yes but there's a reason, see ? tghe reason is that it's much cheaper to test things out on a small scale.

mircea_popescu: commodification is a natural process, you can'd "do" it any more than you can rain.

mircea_popescu: well i'll tell you this, unlike most everyone i don't think you're necessarily foolish. maybe a little haughty. the thing is, it's not enough for something to be hard to make it worth doing.

mircea_popescu: even in that paradigm, i don't understand why you'd be holding other people's paper.

mircea_popescu: the problem with this is that the market is not mature enough to make that move yet.

mircea_popescu: o i recall reading that and pointing out that you're too late for the 1mn bitcoin start-up.

mircea_popescu: do you have a complement to that somewhere ?

mircea_popescu: so we'll have to leave your opinions on valuations aside for a moment.

mircea_popescu: well the problem we have here is this : you think yours worth 1, they go for .0x. you think his worth .05 they go for 1.

mircea_popescu: the dmc is doing nothing to no market. it's 2k lifetime trade volume clearly indicate that.

mircea_popescu: giga's 5mh/s trade around 1, you want three of those, that's 3btc.

mircea_popescu: so basically you'll take anything to divest from your own company ?

mircea_popescu: didn't it jump to .07 ?

mircea_popescu: has he paid all his depositors in tradehill yet ?

mircea_popescu: that kenna dude from tradehill who is owen's partner in some land development

mircea_popescu: what i want to know is

mircea_popescu: but that IS NOT BITCOIN

mircea_popescu: they don't love the sort of half baked shit that goes on on the forums, sure.