log☇︎
130700+ entries in 2.817s
MoneyIsDebt: isn't the whole bitcoin price result of ponzi
mircea_popescu: a ponzi isn't really dangerous unless it gets big.
MoneyIsDebt: I later learned that it doesn't matter what I thought as long as the majority on the market thinks otherwise
mircea_popescu: i wasn't here that long. only joined in july.
mircea_popescu: as you say... doesn't matter till i sell them :D
MoneyIsDebt: I don't want to just sit on the coins
MoneyIsDebt: doesn't really matter, since I'm not selling
mircea_popescu: you'll end up looking like you don't sleep, you rodeo
rg: sorry i didn't live up to your standards
BTC-Mining: It does the same thing during the day, I don't see your point
BTC-Mining: Beside, it's because I don't like the bed feeling sweaty that I prefer washing prior to sleep.
BTC-Mining: I have under 5% body fat, I don't need to sweat to get heat off.
MoneyIsDebt: I would expect pirate to buy them all back if he was going to pay. Since he hasn't, I think he's not able (yet)
BTC-Mining: Nah, I don't sweat much
BTCHero: if he pays he gets my respect, but he won't
BTCHero: it isn't a matter of that
Garr255: won't that totally ruin his company though?
mircea_popescu: dubious (to be generous) + won't use escrow
BTCHero: the fact that he isn't stopping taking bets makes me even more sure he won't pay
Garr255: I really don't want to lost 130 coins. who would? :P
EmanuelDeOrtego: I don't know if he will sell for me though
mircea_popescu: i can't believe how cruel that was just now.
BTC-Mining: Didn't give me any reaction. I was just reading, completly unmoved
BTCHero: bitfoo: i enjoyed it, don't listen to him
bitfoo: sorry my humor wasn't good enough :P
BTCHero: but, it wouldn't accrue the full interest then right?
mircea_popescu: i wonder why deadterra doesn't do it tbh
mircea_popescu: i don't. wtf is mpex
bitfoo: yeah, I really hope people didn't buy BTC just because there were crazy HYIPs
mircea_popescu: you don't want those guys. you want people with a head on their shoulders.
bitfoo: why? don't you think people will wisen up to this now?
dub: but anyway, his actions don't scream ponzi to me
dub: why goat can't just say "9001 bitcoins are my personal shit and 9001 bitcoins are in glbse ppt that I cannot provide individual details for" is beyond me
EmanuelDeOrtego: <_matthew_> And if he isn't doing some kind of shady insider bullshit, why wouldn't goat be able to just give that information?
mircea_popescu: Chaang-Noi here's the problem as i see it : there's no way for me to verify that you weren't buying your own shares of pirate thing.
mircea_popescu: i have no ideea what the meeting has to do with, i wasn't there
smickles: mircea_popescu: you didn't see him trollin' me for about half an hour?
mircea_popescu: we aren't seeing this kind of mass hysteria any time again i would hope.
EmanuelDeOrtego: Well, if he doesn't pay that....
mircea_popescu: seeing how he wouldn't escrow.
mircea_popescu: he'll keep shooting his mouth as if that wasn't plainly known six months from now.
mircea_popescu: EmanuelDeOrtego i don't see why you think anything changed.
mircea_popescu: i don't really drink coffee either
copumpkin: hah, I would except I don't drink coffee
BTCHero: err wait bitcoins aren't worth 10
copumpkin: ic3d: all I'm saying is that there's a _lot_ of business going on, at scales you have declared impossible, that you don't know about
copumpkin: and OTC is more subtle and doesn't have fees
copumpkin: ic3d: I'm not sure you're aware, but like the "real world", most bitcoin finance doesn't occur on exchanges
dub: mircea_popescu: I guess around $4k... I wasn't keeping track of reinvestment
copumpkin: and I don't really work long hours
copumpkin: I haven't had 50% taken
EmanuelDeOrtego: I just don't think people should work over 30 hours a week in today's industrialized society
dub: I don't have a life either
copumpkin: I just lost tens of thousands of bitcoins, and I don't have a life
copumpkin: I just realized I don't have a life
copumpkin: so I guess I don't have a life
EmanuelDeOrtego: Jobs are for people who don't have a life.
BTCHero: ic3d: i don't have a job
BTCHero: i promise i won't lose more than 40% of your money
BTCHero: no i need a rental property, this isn't a ponzi
copumpkin: mircea_popescu: I don't really care :)
EmanuelDeOrtego: Lesson? Don't be a libertarian in the RNC or they will fuck you up.
BTC-Mining: US is inflating fast, I don't see it getting worth more
mircea_popescu: actually dumping fiat into btc isn't too bad a strategy
smickles: kakobrekla: if i don't use it for 3 weeks, do i get 3x fees on that first one?
BTC-Mining: He doesn't want a bitcoin loan anyway...
BTCHero: I don't have a job
BTC-Mining: No I don't need loans. But I need one a while ago
smickles: s/y/t/
BTCHero: but I don't fault someone else for doing something i wouldn't do
BTC-Mining: I opted not to do a pirate passthrough because I feared it would default, no matter if I wouldn't be responsible for that default and people would have wanted that.
BTCHero: mircea_popescu: people who went through goat knew what they were getting into, i don't see the problem
BTCHero: well, it isn't common in ohio :)
smickles: ic3d: again, you really don't understand my situation
dub: ic3d: I don't live where you live though, property is a better bet here
smickles: ic3d: you really don't understand my situation, do you?
smickles: i didn't say without risk ic3d
smickles: ic3d: i don't think 5% return is too hard to come by with not so much risk
smickles: didn't you just earlier claim that value was wealth?
smickles: it just wasn't being utilized yet
smickles: ofc the computer didn't exist before, but all the materials already did
smickles: money doesn't represent wealth in a set ratio tho
smickles: wealth isn't created, there is a finite amount of it
smickles: isn't the idea of wealth creation kinda antithetical to bitcoin?
mircea_popescu: can't afford gpg
mircea_popescu: the btc doesn't seem to care about pigeons friends.
BTCHero: i wish i didn't own gigaming anymore
pigeons: i can't even make jokes, these are my friends who lost money
mircea_popescu: i haven't used mtgox in > 6 months
BTC-Mining: gabbynot, why wouldn't it?
smickles: ;;sell 1 "gpumax account" @ 10 btc price negotable, this thing is icky now, and i don't want it
smickles: ;;sell 1 'gpumax account' @ 10 btc price negotable, this thing is icky now, and i don't want it
BTCHero: if it was a ponzi there aren't 500k coins
mircea_popescu: wasn't he the diablo guy with the mining rigs ?
mircea_popescu: i ain't a playa.
mircea_popescu: wasn't it a quote ?
mircea_popescu: you know, dude can't even spell its correctly.
smickles: but anything can be done cheaper until there isn't any transaction of value?
smickles: there isn't a smickle co
mircea_popescu: o you wouldn't have heard of it lol