120300+ entries in 3.261s
bgupta: well I can'
t see it happening in the US, basically the US "mass" citizens will pay taxes if they get what they think they want, and they don'
t feel that they are being taxed unfairly.
benkay: i don'
t know where to even start man.
bgupta: If all of a sudden income tax was optional.. the central gov'
t would have NO revenue. , and services would revert to neighborhood vigilante services.. think "paying the mob for protection".. I can'
t see this happening…
benkay: tiberiusiv i don'
t understand the analogy
mircea_popescu: if you propose paying for no service however, that ain'
t happening and is going away.
mircea_popescu: basically he's saying "hehehe, i can shelter from tax, therefore you should tax those who can'
t do it more"
mircea_popescu: "more taxes" won'
t touch buffet any more than the current taxes do. however, it WILL make whatever business less profitable, and thus less able to produce "nouveau riches"
benkay: how does the system where you don'
t have socialism work when you have so many poor, though?
mircea_popescu: the fact is that a. he's only not being taxed because he isn'
t paying himself a salary (because he doesn'
t need to)
benkay: interesting. i don'
t know that i buy the numbers behind that argument, but it's interesting.
benkay: don'
t be a pedant, puppeteer.
benkay: interesting. because they don'
t have to work for their income?
bgupta: well you can'
t have "rich" without "poor" laboring for their wages
mircea_popescu: just like a good baseball bat is one that doesn'
t lower the batter's average.
mircea_popescu: once you've read that my definition will make more sense. it is "a good currency is one that doesn'
t introduce friction for capital allocation"
assbot: Hell, ain'
t we about more fucked than a whore at closin' time, huh?
bgupta: mircea_popescu: ^^ typo.. anyway, that's not to say it can'
t grow into a good currency
bgupta: micea_popescu: what is the purpose of a currency? My understanding is that it is to facilitate day to day commerce. Buying eggs and bread and shit, so people don'
t have to barter. For this purpose, it sucks. Remember the volitility is not just in one direction..
bgupta: mircea_popescu: Interestingly the author is long btc.. anyway, the point is you don'
t need to accept that btc has the characteristics that make a currency useful, to see that it is useful. It seems to trade like a hybrid between some collectible, a currency, and a early stage startup's equity .
benkay: the chats weren'
t logged?
toffoo: doesn'
t look like that's been too successful today
Luke-Jr: Ukto: I signed up, and tried to claim my GLBSE crap, and it didn'
t work
Luke-Jr: toffoo: the reason I'm not using BitFunder is that it doesn'
t work
Ukto: I can'
t do anything to countermand that.
Luke-Jr: I don'
t want to use BitFunder, I just want my dividends.
bgupta: I like the jist of the forbes article.. Bitcoin is bad "currency" but a great enabler of innovation in the finance space. (They didn'
t say it, but it's akin to the innovation to publishing that the internet brought.. e.g. self publishing, decentralization, room for new leaders and business models, etc.)
ThickAsThieves: even known AM, Avalon and GPUs can'
t account for that much can it?
Bugpowder_: but I just don'
t want to get off the BTC train
smickles: i don'
t mind a rounding error, but i'd like to be able to ensure i'm on the 896 side w/o risking going to 897
smickles: < mircea_popescu> <smickles> "1.0 BTC for 0 O.USD.P086T" << you're kinda misusing that. it's not really intended to do 1 contract at a time. do 1k. <<< i'm not sure i'd want to do 1k if i can'
t predict what i'm going to get out of it
mircea_popescu: except tv dinners aren'
t really just as good as actual food.
mircea_popescu: <jurov> mod6 is commanding clit, don'
t disturb < lmao. o gawd, best comedy show in town this chan.
jurov: smickles, if you can'
t afford to license coinbr code, maybe we can think about alphatesting an api
smickles: soebot isn'
t ready for primetime yet
smickles: jurov: i don'
t like the limited gain with unlimited loss, and the delay of moving into and out of it. maybe i should look at the coinbr offering on bitfunder
smickles: jurov: i don'
t think mpbor are a good investment
jurov: insurance usually doesn'
t deal with 300% increase in a month...
jurov: mod6 is commanding clit, don'
t disturb
jurov: don'
t see any other possibility, since btc price can exceed any independent hedge
jurov: still i don'
t get it. MPOE is obliged to pay out exercises, not "as it sees fit"
jurov: then i don'
t understand what you have in mind
thestringpuller: mircea_popescu i think you have provided an opportunity given you don'
t hedge
Bugpowder: things may have changed / I don'
t quite recall
jurov: i believe the aren'
t diluted so much... but it's quite a shaky bet
benkay: some people don'
t care
smickles: (wow, that might look bad to someone who didn'
t see some of my conversations with tiberiusiv)
mircea_popescu: that's such a huge breach of bitcoin security i don'
t even want to consider it.
smickles: if a sufficient % of the miners agreed to not include it, it wouldn'
t confirm (odds are) for a while
pgp: ok - let's assume for a moment that the txn is valid and like jbork say, just might take sometime to pick up... If they have yet to confirm, couldn'
t you convievebly beg large mining pools to exclude the txn for a little while until the "community" could opine on it?
smickles: Bugpowder: but the tx hasn'
t confirmed for some reason
pgp: Txns won'
t confirm, but look bad...
pgp: wait a sec - doesn'
t the protocol permit the ability to book transactions in the future?
mircea_popescu: i can'
t go there. i get summaries (ocasionally) and even tho made by competent people they still piss me off.
mircea_popescu: pgp i don'
t think the idea ever was for coders to be paid
mircea_popescu: and so 1.0.0.1 being 1 day later doesn'
t quite have the cataclysmic implications.
mircea_popescu: well i'm the eternal optimist : they stfu with the "Developing" which they can'
t do because they can'
t code
smickles: time b/
t 1.0 and 1.0.0.1? 1 day
mircea_popescu: therusytrombone if a statement doesn'
t please you, why bet ?!
mircea_popescu: if the bet doesn'
t make it before bet is closed then it's a donation.
smickles: podizzle: also, if you don'
t like naked people, be weary of clicking on a link from mircea_popescu
mircea_popescu: well, i read it the following way : the bet can'
t be about some corp delivering before april 1st items it promised to deliver starting april 5th
mircea_popescu: well, apparently your reading of the text doesn'
t match the admin's and the majority of bettor's/commenter's etc reading thereof.
mircea_popescu: a reading including batch two is nonsensical as batch two wasn'
t even slated for delivery till apr 5
Bugpowdurr: I just don'
t believe that there are only 500 nodes
jborkl: I keep multiple copies, so I don'
t know anymore
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO) {short: !
t}
Bugpowdurr: I don'
t think we are gonna see $110 today.
Bugpowdurr: 18 year olds usually don'
t have much gross income though
smickles: so they just don'
t do business with them, often times
smickles: 'merican companies can'
t collect information on kids
Bugpowdurr: I don'
t think so, I think he is just trying to make a profit
thestringpuller: microhxo: I just don'
t want anyone who needs coin to have to miss out on trades because services are down
benkay: microhxo don'
t fuck with coinbase
saulimus: some won'
t buy if it doesn'
t come down to $2...
deadweasel: I'll defer to others on that microhxo.. I haven'
t bought in a while. Try getting verified on btcquick.com
ZedsterX: i thought most ppl in the this game were better than that and i don'
t know squat
ZedsterX: people can'
t sell it fast enough
Scrat: hasn'
t been online since
jurov: but even i don'
t offer such customizability "cover up to whatever you want"