log☇︎
1034900+ entries in 0.777s
mircea_popescu: i would have expected honestly to see daisychain defaults in the banks
MoneyIsDebt: I can't see many other reasons to take expensive bitcoin loans , especially now that the prices are skyrocketing
MoneyIsDebt: I guess if you're addicted to drugs and need to buy on SR you'd agree to those rates
MoneyIsDebt: yes, high risk, but also expensive for the borrower
mircea_popescu: but they seem insanely high risk to me.
mircea_popescu: i know some people lend to forum users, sorta consumer/retail loans
mircea_popescu: MoneyIsDebt this is unclear.
MoneyIsDebt: Where are all these lending operations getting their profits from? Silk road customers paying 10% weekly interest, or?
BTC-Mining: I'll add a note about that in the thread I guess
mircea_popescu: i thought he paid 1% a week, where's 2.25 from ?
BTC-Mining: Seems there will need to be a pass-through since it's 100 BTC slices minimum
mircea_popescu: o hey was that there b4 ? i honestly thought you were black!
rg: maybe if its not a million degrees out tomorrow ill go get one
mircea_popescu: rg hos wanna do 14yo bois all da time.
mircea_popescu: and then she'd freckle the fuck up
mircea_popescu: she's shave and go in the sun
BTC-Mining: rg: how about shaving and going out in the sun every now and then? Get some all natural "de-whitening" treatment?
mircea_popescu: i thought you were black !?
rg: i have to do stuff
rg: so any imperfections on the skin show up
mircea_popescu: jesus god what is happening to this worl;d
mircea_popescu: besides i got a beard half the time
rg: so i can trick a girl into having sex with me
rg: its to clear up my face and make it look nice
rg: its not to get lid
rg: its at this bbq
mircea_popescu: dude the day i wear face masks to get laid...
rg: so my skin has to look nice
rg: and there is prime stockto fucking
rg: im going to an annual cook out this weekend
rg: and the client still BLOWS
rg: w ehave all these new features
mircea_popescu: in the us you have freedom of speech and everyone is stupid-liberal.
rg: and theyre rewriting it cause the bitcoind src is garbage
mircea_popescu: i mean, in england you can't own guns and the policeman can't ask for your id
mircea_popescu: has inherited the stupidities of both.
mircea_popescu: it does a lot of sucky things too. imo it's the unfortunate bastard of the us and europe
BTC-Mining: As the USA's hat*
BTC-Mining: Has the USA's hat, it seems to be influenced a lot by their systems. Yet it does a lot of "un-sucky" things on the other side.
mircea_popescu: The first 10 securities that sold shares in value of 100BTC will get their registation fees of 10BTC reimbursed.
BTC-Mining: Canada is a weird thing.
Luceo: I got in with ~$2400 and got 800 BTC, first time around
Luceo: Hmm, I wouldnt quite be there :P
markac: TypeError: unsupported operand type(s) for ^: 'int' and 'float'
Luceo: Sounds good to me
Luceo: Above that may be difficult
Luceo: I think probably $1k is achievable
mircea_popescu: the us gdp is not even 1 trn in bitcoin-convertible usd.
mircea_popescu: BUT most of that gdp is fake. the touch of btc will shring it to nothing.
mircea_popescu: the thing is, on thw face of it 21 trn seems doable, what, the world gdp is about there.
mircea_popescu: i doubt 1mn really. i guess we'll see more like 20k tops.
BTC-Mining: We'd need a 21 trillion market cap with all bitcoins generated for that.
Luceo: Its k each of these BTC are going to be worth like
mircea_popescu: back in the 90s when that economy worked still
mircea_popescu: 3600 added to a 13mn base is now more like usd inflation was
mircea_popescu: that's the thing, rewards double
mircea_popescu: Luceo not you, the rest of us. the ppl with money.
BTC-Mining: That's about 1/10th of MtGox volume too
Luceo: We'lll be the BTCilderberg Group? :P
mircea_popescu: the prices holding their ground in those conditions is unheard of irl.
mircea_popescu: BTC-Mining the point nobody understands is inflation.
mircea_popescu: and we'll be thought of as titans, like the people with the 10k btc pizza.
mircea_popescu: i imagine by 2015 everyone is trading in milibtc
mircea_popescu: that is the key factor i think.
BTC-Mining: That too.
BTC-Mining: It's still a fast changing, small economy, but the outlook isn't bad for bitcoins
mircea_popescu: yup. and the rewards are halving
BTC-Mining: Well, transactions amount have raised overall. What was thought of as a fad that would go away at the turn of the first bubble actually survived quite well.
mircea_popescu: i honestly think we'll prolly close the year ~20
BTC-Mining: That's over 1/3rd than the bubble at it's high
mircea_popescu: i feel like im 12 again and every morning i wake up to a new party.
gribble: Best bid: 13.19993, Best ask: 13.19994, Bid-ask spread: 0.00001, Last trade: 13.19994, 24 hour volume: 73786, 24 hour low: 12.29, 24 hour high: 13.45
mircea_popescu: BTC-Mining dun be a hater, this is the digital fronteer.
BTC-Mining: They'll judge and sentence you according to their laws.
BTC-Mining: Yes, you undeserving business man. You're not shark enough! That's a crime according to the business entourage.
rg: i dont swing the other way
mircea_popescu: Luceo you run a vps too ?
mircea_popescu: didn't know you swung the other way rg.
rg: anyone who binds their happiness to a woman is missing out
Luceo: I need to update prices
rg: women are not worth the hassle more than half the time
mircea_popescu: yes. just make them money. happyness is what women are for.
rg: is THAT a crime?
rg: so id like to make them happy?
rg: for not that much in return
mircea_popescu: but even so, why'd you want to do that ?
mircea_popescu: unless they show you STATs.
rg: i just dont want to make 'the management' angry
rg: i dont give a shit about the government
mircea_popescu: Luceo he means illegal in the mpex sense of that term.
Luceo: But you never know with the government
Luceo: I think that'd be dumb if it was illegak
rg: is this illegal:
Diablo-D3: just so I can buy the market. all of it.
Diablo-D3: I think Im going to start a motion to not pay dividends for the next few months as well
Diablo-D3: and now they're forced to trade me 15mh per dmc
mircea_popescu: wasnt that deadterra's ?!
Diablo-D3: I used asicminer to do it
Luceo: And they're about $10 :P
Diablo-D3: Luceo: theres like three keyboards worth owning