125800+ entries in 3.169s
Namworld: Well if it hasn'
t sunk small convenience stores and shops/restaurants, and still don'
t, I don'
t see why that would change anything.
Namworld: Well I can'
t speak for Romania. But I see small businesses staying around and in all apparence, doing well.
mircea_popescu: no namworld. the reason is that people can'
t afford to stay in business
mircea_popescu: kakobrekla the problem with macroeconomy is that those terms aren'
t distinct.
mircea_popescu: it doesn'
t matter what the payment "costs" in your estimation.
Namworld: Well then we also don'
t need small gamblers on SatoshiDice or BitVPS is not profitable with it's sub 10 dollar plans. So are small sellers accepting bitcoins and etc, online or not.
mircea_popescu: this obviously is unavoidable, seeing how they couldn'
t afford to hire me to tell them this, and wouldn'
t have made sense of it anyway.
mircea_popescu: note, im not saying that by 2050 or w/e all these fabulous economies of scale baked in by design won'
t be working full bore
Namworld: That bottle of Coke that costs 10 cent to make is not profitable to sell under 1$ and Coke doesn'
t earn any revenue.
Namworld: But it does not exceed the costs... otherwise capitalism wouldn'
t work because pretty much nothing brings any profit?
mircea_popescu: it doesn'
t really depend. we have centuries of accumulated experience in trade. by now things are pretty well known
mircea_popescu: nobody does eitgher, but that's besides the point. we don'
t,.
mircea_popescu: point remains. we don'
t want the average joe and his 3-9 dollar transaction.
JohnGalt2: I don'
t think every user needs to understand how bitcoin works entirely. I don'
t, I'm not interested in the IT stuff, I'm interested in the moneyz stuf
Namworld: I don'
t see that argument as valid. As the supplier, you set the price and service provided for it.
mircea_popescu: why do you think banks wouldn'
t take most poor people's accounts if they weren'
t legally forced to ?
JohnGalt2: Namworld: A lot of the stupid people don'
t want to have fancy internet money without having a possibility to reverse transactions
Namworld: Probably not that great a comparison. But they don'
t need to know that much about it. If they didn'
t have such misconception of Bitcoins, they wouldn'
t oppose using it and could use a third party processor. Yes, there's still the payment processor, but there's less fees and it doesn'
t support the archaic closed credit card/banking system.
Namworld: They don'
t need to even know that much about Bitcoin.
Namworld: We don'
t want them, we want the business. Why is apple making so much money? For selling easy to use and elegant products. And they milk their customer base as much as possible.
Namworld: I don'
t know why but I can never read anything.
mircea_popescu: i can'
t believe people's reaction is "we should be stolen from".
dub: I havent looked and don'
t have keys handy, is coinbr letting us place bitbet orders for the IPO?
mircea_popescu: cause at least they don'
t have a bunch of customers pissy
gigavps: avalon is now saying they don'
t know how much is going to ship before cny
Anduck: don'
t you own like 800k of S.MPOE?
mircea_popescu: topace isn'
t fascinating what stuff was going on in the folds of the interwebs.
Anduck: mircea_popescu: isn'
t it, then?
mircea_popescu: wait. you can'
t tell if someone on btctalk is retarded, that's what you're saying to me ?
Namworld: I haven'
t seen Goat in forever.
mircea_popescu: Anduck not afaik. they however have a different model, whereby they don'
t deliver items
dub: isn'
t BTCGOLD that asset name squatter guy?
mircea_popescu: jurov seems just "mpex rehash, except we can'
t call it that."
Korbman: establishing a legal entity in the States isn'
t hard at all
gigavps: but there isn'
t much to telling the truth
jurov: they aren'
t gypsies, you missed in class when mircea explained teh pic
jurov: topace, don'
t dare to ask any fees, then :)
pigeons: so we can'
t verify its authenticity
mod6: home made icecream is better if i recall, i haven'
t had it in about 25 years.
mod6: lol: (23:44) < midnightmagic> weigh it and calculate density. <<< don'
t you just go by flavor?
midnightmagic: yeah i don'
t understand that. there's a simple metric to finding the best ice cream in a store..
midnightmagic: the funding for the research can'
t happen if selling bitcoin rewards doesn'
t support it though..
midnightmagic: The value of mining is a finite value and can'
t exceed some fraction of the value of the bitcoin economy..
mircea_popescu: the incentive really is against including miners who don'
t ihnclude transactions into bitcoin.
midnightmagic: let other people who don'
t care, mine sdice txn, and take the hit to block propagation. the incentive is against including sdice txn in the blockchain.
mircea_popescu: but you're welcome to establish it through experience if simple theory doesn'
t cut it for ya.
midnightmagic: it can. but there isn'
t enough incentive due to concentration of txn value. also, rg isn'
t really much of an authority :)
mod6: but... that doesn'
t mean there couldn'
t be a better way to do it either.
mod6: its kinda like rg said once, if bitcoin can'
t handle the tx's from SD, then we should pack up and shut off the lights now.
midnightmagic: Woops, "begging the question" doesn'
t mean "raising the question".
mircea_popescu: her audience is simply the world. she's not old enough to know y'all aren'
t worth the trouble yet.
midnightmagic: It either meant she was conscious of her dress choice, or not. If she wasn'
t, then it was uncomfortable watching her accidentally and apparently unconciously bare her ass seven or eight times.
mircea_popescu: sure. you can'
t eat with women you've seen the ass of ?
mod6: people usually vote their wallets, and additionally always pick the precived winner before hand. voters don'
t like to vote for a loser, even if that candidate is more closely aligned with their political philosiphies.
mircea_popescu: for that matter, women don'
t pick men rationally either.
midnightmagic: Canada is not fine. The moron voting public voted in Harper based on promises of infrastructure investment which haven'
t materialized, and now we have a rapidly deteriorating legislature which consists of a bunch of idealogical idiots essentially ignoring the entire canadian public and dismantling some of our most cherished institutions and rights.
mircea_popescu: irl i couldn'
t do it, and so i assume nobody else can either.
mircea_popescu: no, they won'
t fail, they just poison the economy with worthless receipts
mircea_popescu: Dr-X they're purely btc businesses. the dollar don'
t enter into it.
Bugpowder: Man, my matlab bet optimizer doesn'
t handle the time decay
mircea_popescu: tho, two years ago bitcoin couldn'
t hardly buy a pizza, so, it's a curve.
mircea_popescu: this ain'
t at all the case. congress refusal to lift the ceiling for the 100th time is pretty much the only sane thing going on atm.
jcpham: i want
t o design a sports book so bad
pigeons: which i don'
t get a dns response for
Namworld: so the window flash anyway and I don'
t manually check it.
kakobrekla: 19:29.44 ( kakobrekla ) ;;later tell namworld PS, somebody please tell bitvps to fix their SSL certificate, I can'
t pay my bill with them until they do this. If they don'
t get their act together right-quick I'm dropping them from the signcryption network. I've been pestering them about this for two weeks now and am pretty unimpressed with the lack of any sort of response.
jcpham: <dub> don'
t make obama fire a tornado at you