log☇︎
2200+ entries in 0.106s
mjr_: they are your neighbors
mjr_: everyone knows everyone
mjr_: parts of brooklyn
mjr_: washington heights
mjr_: its a community thing
mjr_: at least in nyc
mjr_: but for the most part
mjr_: they have no legal recourse
mjr_: i'm not saying people don't intimidate
mjr_: killing you means never being repaid, and never getting any more revenue
mjr_: than killing you
mjr_: and would rather continue making money off you
mjr_: remember, he has made money off you for 12 months
mjr_: he will say "ok, let's work it out and get you back on your feet"
mjr_: and you have a problem now
mjr_: if you have been getting a kg a month for 12 months
mjr_: no
mjr_: lol i don't know what you are doing
mjr_: credit serves to expand an economy
mjr_: write off some bad debg
mjr_: manage risk across multiple accounts
mjr_: wholesalers offer credit to increase sales
mjr_: same as anytingelse
mjr_: there is nothing special about coke business
mjr_: its like any business
mjr_: i'd say so
mjr_: $50 for .5g
mjr_: i lend 100k all the time
mjr_: if i have an operation where i do 10 million
mjr_: it is relative
mjr_: and regain revenue stream
mjr_: he can resume operations
mjr_: so that if he has to wait
mjr_: at least in nyc
mjr_: he manages his risk
mjr_: but the guy lending it to you is ready for it
mjr_: yes
mjr_: what could ever go wrong?
mjr_: i borrow a brick so i can make $10k easily
mjr_: so i don't borrow bricks expecting to default
mjr_: i don't do crimes thinking i will get caught and convicted
mjr_: thats like saying death penalty stops crime
mjr_: nope
mjr_: and no future revenue either
mjr_: killing someone gives you $0
mjr_: they are very business focused
mjr_: they are
mjr_: are you in nyc?
mjr_: my old roommate was a pretty big coke dealer in NYC
mjr_: MANY times
mjr_: lets say i know people who were "late" by a couple of months and resumed their arrangement after making good
mjr_: ok...whatever you say
mjr_: you guys really have a hollywood perspective on drug dealing
mjr_: LOL
mjr_: and people uderstand and work out terms
mjr_: no, you are a client
mjr_: do you think i just kill you?
mjr_: and SR bust comes
mjr_: you have made money
mjr_: but lets say i have been working with you for a year
mjr_: ys
mjr_: its more like a trade guild than the "colombian necktie/scarface" scenario
mjr_: built it back up again
mjr_: got someone to front them
mjr_: lost their stash
mjr_: ok, i know many people who have been wiped out
mjr_: yes
mjr_: ^^^^^
mjr_: ^^
mjr_: then meet you for 5 grams every other day
mjr_: so, most dealers would rather give you 100 grams NOW, once a month
mjr_: first off; main risk in drugs is moving them
mjr_: because it could hurt their credit
mjr_: like saying no sensible business risks using credit
mjr_: and depends on how much your health is worth to you, and the chance you think you'll default
mjr_: yeah, that is built in to what you pay
mjr_: for the vast majority of people
mjr_: it is totally sensible
mjr_: LOL
mjr_: my point
mjr_: traditional channel = i'll front you a brick
mjr_: and then resell on SR
mjr_: but rther have traditional channels
mjr_: who may not buy coke in colombia using bitcoins
mjr_: those were real world people
mjr_: which it is
mjr_: and you assume that consignment is not the main model
mjr_: let me get a kilo please, here is all the cash
mjr_: yeah
mjr_: uh no
mjr_: i think 2 things about SR
mjr_: of course
mjr_: yes
mjr_: yeah, and i wonder how the people the dealers owe money to will feel
mjr_: is it ok?
mjr_: but if one person had his 100 bitcoin stolen
mjr_: in the broad case
mjr_: i agree
mjr_: depends
mjr_: you can still both send multisig to an administrative site