124800+ entries in 0.028s
mircea_popescu: it's a ridiculous stance, but whatever, people did PROVE that "she's a witch, but we did do the nose" etcetera.
mircea_popescu: no. "coin movement" carries no information ; anyone may pretend otherwise at their leisure.
mircea_popescu: it's a "if god exists he has 10 minutes to strike me down" nonsense.
mircea_popescu: burden of proof applies to meaningful statements. there's no burden of proof here, as this inference isn't even wrong.
mircea_popescu: at least we get to admire your intellectual flexibility!
mircea_popescu: you may think you see whatever ; for all you know some guy "sees" the true meaning of pgp signatures.
mircea_popescu: that bit is there to the owner of the pocket. in thsi case, bitbet. not you.
mircea_popescu: unlike fiat, there specifically ISNT as much of this as anyone could ever need.
mircea_popescu: at some point you'll have to understand bitcoin scarcity.
mircea_popescu: the rousseau nonsense is unrelated to our discussion so far.
mircea_popescu: if you don't catch fdmjkrlehkjer now, shall a dead genoan send you the bill ?
mircea_popescu: mno. "i don't see how they did" and "i see how they didn't" are quite widely spaced apart.
mircea_popescu: actually there's more substance to lending than ~anyone ever alive ever realised.
mircea_popescu: there's more substance to lending than the naive christian "asking a living out of bare metal".
mircea_popescu: SHYLOCK: Three thousand ducats; 'tis a good round sum. Three months from twelve; then, let me see; the rate...
mircea_popescu: the italians all had proper risk and insurance markets.
mircea_popescu: i don't think i ever spoke against a hanging, maybe if nice tits invovled or something, but rare enough.
mircea_popescu: you think the average us banker DIDNT know, throughout the 2000s , that they're going straight into real estate crisis ?
mircea_popescu: not even a temptation. the ECONOMIC DRIVE! if he doesn't - another will. and neither he nor the other are mp, to obliterate any conceivable competition by simple fucking logos like a thing out of the sacred texts. so what's he to do ?
mircea_popescu: yes, it's not even altogether clear there CAN be such a thing as a bitcoin-equivalent of the fiat money market. yes, problems of all sorts, yes yes yes. and yet - what's he to do ?
mircea_popescu: let me put it this way : the fact that we don't have a proper money market is much more the problem of "the community" than the problem of the misfortunate whoever that ran bitbet. whether he was a scammer or not, as a factual matter, as an idealised, theoretical construct the observation stands.
☟︎ mircea_popescu: very pernicious vicious circle / catch 22 sort of situation.
mircea_popescu: sure. but this is a conclusion that requires analysis above the pay grade to make.
mircea_popescu: some fish might be too big to care ; but in general fish that aren't too big to care are required, economically, to maximize the usage of resources.
mircea_popescu: in general, unless someone is ~central bank, it'll be difficult for them to ignore the time-value of capital.
mircea_popescu: yes, little difference between idiot putting bitcoin into bitfinex and idiot putting bitcoin into canadian lottery. but this is not the same as saying "we shall now has smart contracts bitbet"
mircea_popescu: yes, this may be. the problem is that THE SOLUTION you originally envisaged / the STATEMENT of the problem you originally used is braindead. this is, ironically, very much approached to his worship our bishop's objections - in that merely thinking you "should be able" to technologize your way into heaven is scarce guarantee you will in fact manage such.
mircea_popescu: anyway, don't misunderstand the "not to make money" bit, it's in my case a coincidence not a virtue. go, make money, absolutely no shame in it. a lot of shame in luchamos juntos blablala, so there's that.
mircea_popescu: it's not a complaint ; it's a statement of fact, made at a time it's required to be made to protect the business environment from public insanity.
mircea_popescu: it wasn't a significant sum - think, i threw away 1k btc to humiliate buffett, i threw away 5 fucking btc for stuff like the contest that produced "shall be delivered" ; etc. moreover, to correctly account for it would have likely cost more.
mircea_popescu: this makes the... shit i lost count-th lady flying into weird uncharted lands to meet with me.
mircea_popescu: get in touch when you're here, i'll send someone to pick you up or such covertress .
☟︎ mircea_popescu: a then you can tell me what you think of the local cut.
mircea_popescu: asciilifeform whether he will pay with balls, wife, or a cute poem, is mp\s problem ; but you're to expect you will be paid.
mircea_popescu: covertress aite, i'll buy you a steak. you ever had a proper steak ?
mircea_popescu: anyway, this is another problem of the prev discussed "bitbet" theme - without a proper cash market and cash insurance, it's pretty fucking hard to get it going.
mircea_popescu: covertress as we don't know each other, we have nothing to discuss "in private". public will work jus' fine.
mircea_popescu: i don't expect ~anyone else would afford to do this. period.
mircea_popescu: this is just another of those "sunk costs of mp's that we don't recognize nor compensate him for - just expect bitbet to magically work for free"
☟︎ mircea_popescu: understand - just because i'm the king and queen and can afford to leave whatever untold bitcoin fortunes lay fallow in whatever addresses for yeasrs at a time - does not give you the right to expect or demand such.
mircea_popescu: bitcoin is fungible. you hold a claim to a sum, not to any sort of otherwise specifiable coins.
mircea_popescu: nobody asked you anything of how bitbet's capital is to be used by bitbet.
☟︎ mircea_popescu: covertress i've been in contact with a lively, nicely titted waitress. i think this makes it 1-0 for me.
mircea_popescu: while i ran bitbet there was no specific guarantee made that "the coins" would be found in any place or not found in any place. this specifically, explicitly and intentionally ; against at least three different attempts to "community organize" and assorted nonsense.
mircea_popescu:
http://btcbase.org/log/2016-08-12#1519996 << this is altogether unclear. this "the people have the right to trace the coins" is a) still nonsense, bitcoin is not traceable ; b) still nonsense, forget the "dao" bullshit ; c) still nonsense, you trust the operator or you don't trust the operator.
☝︎☟︎ mircea_popescu: i dunno the missionary, and don't care to remedy this.
mircea_popescu: is naggum people ? he's not in the wot. what standard shall we apply.
mircea_popescu: asciilifeform i meant people, not rando "i crawled out of a woman at some point"
mircea_popescu: because they refuse to conceptualize that the us is a rogue state, why.
mircea_popescu: dudes gotta learn, you don't visit barbarfic lands without proper bonds.
mircea_popescu: asciilifeform the strauss-kahn idiot also went willingly.
mircea_popescu: lol nice story though, guy worth 1/4bn is going to bother with 15k piddly us dollahs. this is almost as good as "we found a street hooker who's willing to swear she was a hotel maid and the european central bank prresident did vague things to her. honest!"
mircea_popescu: doesn't seem like the uk is declaring anything but "i'll hold her for you"
mircea_popescu: recall the days the british navy pressed rando usians into 10 year ship washing terms ?
mircea_popescu: check it out, us can now confiscate uk citizens np. nice.