114100+ entries in 1.108s
benkay: mircea
_popescu: intellectual property
jcpham renames wallet backups to two
_girls
_one
_cup.rm
nubbins`: mircea
_popescu: romania has dolphins?!
cads: mircea
_popescu: math that kicked my ass 2 years ago is now super trivial, and yet the math that's kicking my ass today still seems tough
jurov: Mats
_cd03: for me it makes clear difference that my txs propagate nicely
cads: if I was making a revenue stream the latter sounds ideal, but of course I understand that my revenue stream would be even
_bigger
_ if I syndicate my content with youtube.
cads: mircea
_popescu: my claim is that media distributors like youtube and facebook profit from hosting this unlicensed community created meme content, which is typically considered much more entertaining in itself than anything like the cartoons, dvds, or plushies made by the company.
cads:
_maybe
_ it's a sort of childhood brand recognition
cads: mircea
_popescu: so 'moe' is a style of anime synonymous with "cute" and "budding" charachters that you want to lovingly "protect", and it's very popular with young girl audiences and middle aged male audiences.
cads: mircea
_popescu: Do you know about ponies?
herbijudlestoids: anyway. i cant stick around. i just came because mike
_c said i said MPOE was overvalued.
herbijudlestoids: mircea
_popescu: worse they present the data as if it was clear cut that now people like salsa more than ketchup, but there is probly algorithmic/computational reasons more than historical ones
herbijudlestoids: mircea
_popescu: like i said earlier. i dont view this as an argument, when i question it is just to learn. i am always willing to consider an opinion or formula or whatever, even if i dont accept it in the end.
herbijudlestoids: mircea
_popescu: so, for the sake of experiment, we are not allowed to make assumption that MPOE price is locally efficient? thats stupid now?
herbijudlestoids: mike
_c originally said that i assumed the market was efficient and therefore MPOE was overpriced. i did not saythat.
mircea_popescu: see ? that's what mike
_c was basically saying originally.
herbijudlestoids: mircea
_popescu: store of value which is hoardable without restricting the economy, non dilutable, no counterparty risk, etc
Duffer1: mike
_c ah thanks i misread conservation
herbijudlestoids: mircea
_popescu: showing what the market is implying the EPS growth rate will be on an infinite horizon...
herbijudlestoids: mircea
_popescu: i am totally fine with valuing MPOE on a book value basis. so what is the current P/B multiple?
herbijudlestoids: mircea
_popescu: i said *asset*. any of them, it doesnt matter.
herbijudlestoids: mike
_c: hold BTC, return 0%, hold overvalued asset for 10Y, sell asset, return -10%
herbijudlestoids: mike
_c: i thought the article ...i just wrote...makes it pretty clear? if youre buying one asset based on the 6 month historicals, then the future has to play out in a certain way for your investment to not underperform.
herbijudlestoids: mike
_c: no i wouldnt value shit based on historical data alone?
herbijudlestoids: mike
_c: if im dependent on the ask price at end of life then its a speculation not investment
herbijudlestoids: mircea
_popescu: if the price i pay today for MPOE is more than the total amount of gains that MPOE can bring in over say, 10 years, then it is a bad investment for people looking for assets to invest in for 10 years
mircea_popescu: mike
_c this is actually true, tho at the rate we're going by the time btc moneyness reaches balance the remaining inflation will indeed be very low
herbijudlestoids: mircea
_popescu: why do i need to buy a security then? the rate of conservation for holding bitcoin is 100%
herbijudlestoids: mircea
_popescu: all securities have an internal rate of return
herbijudlestoids: mike
_c: see that is useful feedback which i appreciate. your earlier comments just get my grill.
herbijudlestoids: mike
_c: well it depends i guess. mircea
_popescu was telling me something about 1% being the natural RoR in bitcoin under one calculation but in a different calculation 1000s of %
herbijudlestoids: mike
_c: whether or not i have an opinion really has shit all to do with the article
herbijudlestoids: mike
_c: im not saying too high lol, im saying *this is what the market is implying EPS growth will be*
herbijudlestoids: mike
_c: if what you quoted is what you took away from the blog post, i guess i must suck at communicating.
mircea_popescu: <mike
_c> i love quants. "if we assume the market is correctly pricing this stock, then we can derive that this stock is overpriced" :) >> pretty much it.
punkman1: mircea
_popescu: is this month gonna have more new accounts than previous one?
punkman: mircea
_popescu: is wifi from satellite even feasible?
punkman: mircea
_popescu: I think so
mircea_popescu: mike
_c none. but im just saying practically, people do what they do.
mircea_popescu: mike
_c do you know of any implementation of xml that is actually not xml-ish ?
mircea_popescu: Jere
_Jones the kids don't seem to, which means you'll probably have your work cut out for you until you fall over
Jere_Jones: mircea
_popescu And THAT is a beautiful language.
davout: mircea
_popescu: well that's kind of like mpex, "here are the rules; like it or not, but its how this thing works"
benkay: mircea
_popescu: that's the point. avoiding "all of those things" is an impossible task.
benkay: but if you just avoid all those things you can write rock-solid code, mircea
_popescu.
davout: mircea
_popescu: i told the owner, the kangasbros guy that bitcoincentral.com redirected to localbitcoins.com, a minutes after it gives me a blank page and starts working again as soon as i change IP
ThickAsThieves: <mircea
_popescu> hello multifacepalming logreader people. your facepalms have been foretold. /// as a mostly not programmer this aint so bad so far!
davout: mircea
_popescu: you'd be paying them fees for this
peterl: mircea
_popescu: could you publish your own average bitcoin price?
davout: mike
_c: no, because frameworks
ozbot: Unexpected T
_PAAMAYIM
_NEKUDOTAYIM - PHP Sadness
ozbot: Unexpected T
_PAAMAYIM
_NEKUDOTAYIM - PHP Sadness
mike_c: mircea
_popescu: here's one reason: "PHP is built to keep chugging along at all costs."
mircea_popescu: mike
_c what's so insecure about php anyway. it securely failed the === "orly" test
r3wt: $address = mysql
_real
_escape
_string(strip
_tags($
_POST["recipient"])); $wallet = new Wallet($idtw); $validity = $wallet->validate($address); if($validity == false) { $errors[] = "Not a valid address"; $error = true; }
Apocalyptic: mircea
_popescu, $ php -r "var
_dump(is
_array(false));"
davout: mircea
_popescu: guess you have a point
davout: mircea
_popescu there you go, PHP is the perfect randomness generator
r3wt: mircea
_popescu: if anything its a good place to learn
pankkake: mircea
_popescu: it does. but it's just a module, there's no quick access operator
davout: mircea
_popescu: the infamous "figure-it-out-yourself" operator
davout: Apocalyptic: maybe it has the NOT
_EXACTLY
_SURE
_WHAT
_I
_M
_DOING operator
davout: mircea
_popescu: oh yes
davout: mircea
_popescu: why not?