ThickAsThieves: like OracleCoin

ThickAsThieves: theyd have to be horribly out of touch

ThickAsThieves: no corp will make a coin anytime soon

ThickAsThieves: i just dont buy that

ThickAsThieves: i wonder if he'll do it for real

ThickAsThieves: didnt Namworld buy that bitcoin shirt company?

ThickAsThieves: (you just might get it)

ThickAsThieves: we just say, careful what you wish for

ThickAsThieves: well thats obv

ThickAsThieves: maybe i should make Satoshi was an Anarchist shirts, everyone will buy them thinking it's for the opposite reason

ThickAsThieves: and for Anarcho Satoshi?

ThickAsThieves: can't have trust as value without thinking everyone is out to get you!

ThickAsThieves: hehe

ThickAsThieves: or anarchist satoshi

ThickAsThieves: then hoarding is just building a bubble

ThickAsThieves: heh

ThickAsThieves: well it leaves potential for intense volatility

ThickAsThieves: core devs would add decimal places? :)

ThickAsThieves: wouldnt extreme hoarding cause more volatility?\

ThickAsThieves: i guess

ThickAsThieves: answer is, cuz there's nothing they can do about it

ThickAsThieves: which i guess i should reform to, why do they not worry about hoarding

ThickAsThieves: why

ThickAsThieves: during the recent NY panels, we do they only mention volatility, and never bitcoin's deflationary problems

ThickAsThieves: i guess this conversation nullifies another question i had

ThickAsThieves: i assumed she could tell the future

ThickAsThieves: when i search i just get cartoons

ThickAsThieves: well it seems like it drag out pretty far

ThickAsThieves: hehe

ThickAsThieves: how long?

ThickAsThieves: do you believe the fiat bubble will actaully finish?

ThickAsThieves: hmm

ThickAsThieves: but you wont land jumping off the earthj

ThickAsThieves: youll die from both

ThickAsThieves: more like jumping off the earth vs out of a plan

ThickAsThieves: when fiat bubble is done, will we not continue to deflate?

ThickAsThieves: same result no?

ThickAsThieves: what amount of settling is likely or required?

ThickAsThieves: does deflation "settle"?>

ThickAsThieves: does the interfacing problem exist without deflation?

ThickAsThieves: [18:11] <mircea_popescu> ThickAsThieves hopefully it settles down.

ThickAsThieves: [18:11] <mircea_popescu> no argument. which is why it's a problem.

ThickAsThieves: [18:11] <ThickAsThieves> atm, or forever?

ThickAsThieves: [18:11] <mircea_popescu> this is a major problem for bitcoin atm.

ThickAsThieves: [18:11] <mircea_popescu> we're saying that the quick increase in the btc rate puts responsible, competent ceos in the position where they forego fiat deployments

ThickAsThieves: [18:10] <mike_c> yes

ThickAsThieves: [18:10] <ThickAsThieves> we're kinda saying all spending of bitcoin is bad business, right?

ThickAsThieves: plz hold

ThickAsThieves: last time it was a topic at least

ThickAsThieves: another thing I have trouble with is how we can easily point out the problems with inflationary money, but when we discuss the problems with deflationary we stop at "well hopefully it calms down"

ThickAsThieves: just in their back pocket

ThickAsThieves: suppose bitfury has 66% of mining right now

ThickAsThieves: and what if we vote into power the wrong powers

ThickAsThieves: and bitcoin is probly no different

ThickAsThieves: simply that over time, a trust system breaks down

ThickAsThieves: nor that a wot cant be trusted

ThickAsThieves: i never said trust cant be develped

ThickAsThieves: we are zoomed in to different parts of the 'wot'

ThickAsThieves: no

ThickAsThieves: my point is that parties will seek to exp.loit the trust system

ThickAsThieves: I buy an Erupter farm in tier 2

ThickAsThieves: i buy a GPU in tier 1, i mine,

ThickAsThieves: for example

ThickAsThieves: and i dont mean the earth exploding

ThickAsThieves: that trusts systems are compromised on some timescale

ThickAsThieves: yes but it does not counter the inevitable

ThickAsThieves: i can make up tiers of compromise too

ThickAsThieves: up

ThickAsThieves: but you are just making that all upo

ThickAsThieves: core devs core-developing ( i also shoulda have added )

ThickAsThieves: people trusting the ledger

ThickAsThieves: miners mining

ThickAsThieves: it is a wot, no?

ThickAsThieves: so the compromise of bitcoin is inevitable

ThickAsThieves: i mean in general, is a wot's compromise inevitable

ThickAsThieves: is it even possible to prevent?

ThickAsThieves: people want to be told > thus rely on trust > thus capitalism becomes great liar

ThickAsThieves: they in their own type of Kink High, let them play!

ThickAsThieves: well i dont necessarily want to conversate about that aspect nubbins

ThickAsThieves: the risk with slaves!

ThickAsThieves: it does what you tell it to

ThickAsThieves: well your server is a slave right

ThickAsThieves: like if i rant on all this to my mom, she'll think i'm a conspiracy theorist

ThickAsThieves: why the fuck is the phenomenon that uneducated think complicated info is untrustworthy

ThickAsThieves: I get it, I do, but this is not easy to communicate to normals

ThickAsThieves: ugh

ThickAsThieves: that implies things happen to icrease dollar value no?

ThickAsThieves: i want to be be able to form a sentence like "If we print the same amount of money in 2014 as 2013, your $1 with be worth .82"

ThickAsThieves: by striclty looking at money creation changes

ThickAsThieves: sure, but how do i sort out what a dollar is worth, ignoring outside inflations

ThickAsThieves: that there are vastly conflicting ways to count the money?

ThickAsThieves: so you guys are saying there really is no answer?

ThickAsThieves: meal*

ThickAsThieves: I pre-choose every mean place before we even get to the airport

ThickAsThieves: when we travel,

ThickAsThieves: you are so right about picking place to eat!

ThickAsThieves: or at least what mp says total ignore-ance

ThickAsThieves: ignorance

ThickAsThieves: its total ignirance out there man

ThickAsThieves: this is for friends and family