175400+ entries in 1.281s
decimation: this tends to be
a benchmark for those who are fronting money for business
mircea_popescu: anyway, as to the interest rates, there was
a discussion recently, and no, business rates aren't per month, you want to pay what, 3ish%
a year or some shit.
felipelalli: mircea_popescu: it is
a pitty because it was (
a kind of - or has potential to be) useful.
mircea_popescu: it's an accident, and from the equity perspective, it's
a disaster waiting to happen.
mircea_popescu: and this is incidentally why i said earlier that they are not
a business in the first place. it doesn't fucking matter what "others think". others don'tthink, others bray. thinking is above. and the thinking is, it takes two days for them to lose half the userbase that matters.
mircea_popescu: visible across the whole spectrum, how do you think myspace went from selling for
a billion to turner to selling for 18 mn or w/e it sold off to.
mircea_popescu: but for them, going from
a 70 aggregate to
a 100 aggregate is
a net gain.
mircea_popescu: in short : you were so diluted by idiots you didn't even realise your sum total human effort was worth less than
a systematic, spammy approach to things.
mircea_popescu: felipelalli has the opportunity to become
a sort of speaker for the dead as it were, for
a certain set of dead.
trinque: felipelalli: there was
a previous iteration which I will soon dump the history into the present incarnation
mircea_popescu:
http://log.bitcoin-assets.com/?date=22-03-2015#1063215 <<< note the important takeaway here. nothing keeps people in other places with shit banks from being intelligent, getting in wot, becoming part of the actual bitcoin marketplace. there's people here from all over the world. over time,
a low effort / consumer thing like btcjam HAS TO devolve into the typical check advance / spam loan operation.
☝︎☟︎ decimation: aye, I linked
a movie of
a replica running earlier, will dig it up. I saw it in person actually, was quite impressive
felipelalli: trinque: why only 6 docs? Is that
a new service, isn't it used that much or it is only the current day?
trinque: holy fuck I step away for
a minute :D
mircea_popescu: it would seem to me you are managing like an illusionist not like
a manager, which is to say, comparing with some sort of null hypothesis / god's footsteps / whatever.
mircea_popescu: at my day job, i am
a manager. it's what i do. or used to, b. b., but w/e.
mircea_popescu: fortunately, i am not in
a position to make this call. for which i am thankful.
mircea_popescu: this is
a given : no matter which way you go, you lose something.
danielpbarron: felipelalli, you're signing with
a different key than the one you registered with
mircea_popescu: before you get to think you get to have "ideas" you must do sufficient useful work to support yourself with. whether you do it in
a year or
a decade or over rest of your life, your choice.
mircea_popescu: "i live in
a shit country, borrowing directly from bezzle is way better than going through local banks"
assbot: Logged on 22-03-2015 01:06:05; felipelalli: Itaú normal interest rate: 7% PER MONTH. My interest rate in Itaú (because I am an old client): 4.8%. BTCJam: 2.8%. It makes
a huge difference when you calculate the compound interest per year.
assbot: How to make money on the Internet while pretending you know what you're talking about and accumulating
a legion of mindless followers - for fun and profit! pe Trilema - Un blog de Mircea Popescu. ... (
http://bit.ly/1HhALwS )
ben_vulpes: trinque's
a busy man. it'll get hammered into shape...eventually.
felipelalli: now I'll try to publish
a signed document.
ben_vulpes: asciilifeform: yeah, the thread kicked off at "<ben_vulpes> trinque's doing
a major launch this week, i think we'll be lucky to get much of
a peep out of him at all"
ben_vulpes: we live
a few blocks from each other, drink each others wine, fuck each others girls
ben_vulpes: trinque's doing
a major launch this week, i think we'll be lucky to get much of
a peep out of him at all
mircea_popescu: ben_vulpes at some point
a roman army was defeated,
a total of three aquillae (legion header) were lost. the romans spent
a century trying to get them back, at one point famously excavating
a few square miles o land
mircea_popescu: if you look at it, the entire history of rome, from kingdom to empire, was basically this : they had
a set of benches under some trees somewhere
mircea_popescu: ben_vulpes if you mean, as in latium, then note octavianus didn't adopt random orphans
a la dick tracy.
ben_vulpes: worse, americans with
a do-gooder complex.
ben_vulpes: there's
a time tested model for this, and it's the noble family.
mircea_popescu: took
a while, but i suspect more due to slow comms at the time.
mircea_popescu: all the schmuckodon in "bitcoin business" comes from the completely irrational expectations of all these schmucks that they can earn
a living "being" "ceo"s.
cazalla: felipelalli, also i don't place much faith in how they identify people,
a driver's licence, electricity bill.. worth just as much as newly created wot identity with no feedback.. plus the sort of person who needs to borrow $500 is the sort of person who would lift things such as
a drivers licence from parents/friends/partners wallet anyway
assbot: Logged on 21-03-2015 23:04:58; trinque: asciilifeform: I have long wanted
a system where member nodes can all publish wads 'o gpg stuff, peers don't know the contents of the wad, give each-other redundancy
assbot: Logged on 21-03-2015 22:59:27; asciilifeform: we don't have
a mechanism for producing the good stuff separately, yet.
assbot: Logged on 21-03-2015 22:55:01; PeterL: would deedbot be
a suitable place to publish scientific research?
mircea_popescu: but i can envisage the day when
a) all science is published via b-
a, and to read... get in wot
assbot: Logged on 21-03-2015 22:51:01; PeterL: new #B-
A need: print off all the articles and store in
a library
assbot: Logged on 21-03-2015 22:40:21; asciilifeform: most of the time when i go to that library it isn't even for
a specific rational purpose
assbot: Logged on 21-03-2015 22:33:07; nubbins`: fwiw "everything is online now" people generally miss out on
a broad spectrum of opportunity
ben_vulpes: apple is pretty much anathema to the #b-
a approach to compute.
ben_vulpes: always keeping in mind that it is
a rug
cazalla: felipelalli: I ran to qntra.net to read something about that and for my surprise I didn't find anything. But now I understand why. Not fully yet, but I can at least understand your point of view. <<< fwiw i would never lend bitcoin to people on btcjam regardless of their ability to pay back, i'd never use the site to borrow either, so i guess it's not so difficult to see why i would not write
a story on it either
assbot: Logged on 21-03-2015 22:02:30; pete_dushenski: buy
a honda, insert own custom ferrari engine
assbot: Logged on 21-03-2015 21:47:01; decimation: the developer in question had already made
a deal with apple to publish the app apparently. I couldn't even compile my own version unsigned for my own personal use
mircea_popescu: asciilifeform no, because they stick to the touristy traps anywhere. stopped for coffee earlier at whorehouse cafe, table across two lost derps with ipad propped on "south america on
a shoestring". muy confused.
mircea_popescu: for
a good chunk of the audience, this is actually so. it's not even
a real country.
mircea_popescu: which is why stuff like "putin doesn't understand how thw world works" can be said with
a straight face
mircea_popescu: i think it was either
a protein or fat that was needed for god knows what. because phase passed.
mircea_popescu: one chick went through
a chickpea phase where she ate > 100 cans over about
a year. half of it within the first season.
mircea_popescu: ben_vulpes i dunno dood. milk's
a big thing. various fats, various vegetals.
mircea_popescu: then after
a year or two as the body re-learns to associate food with micronutrients - all sorts of urges, as it approaches various layers of problems
ben_vulpes: an exercise in slimming down
a rubenesque babe lead to...liver prazlems?
mircea_popescu: i know
a girl that makes soaps and stuff. she wouldn't touch the coarse stuff.
PeterL: once
a few more stocks show up on the exchange