191100+ entries in 0.064s
mircea_popescu: you like questions and shit, fix the fucking legal system.
mircea_popescu: no there isn't. that's the thing with suicide bombing : no more questions.
mircea_popescu: a dysfunctional legal system makes suicide bombing a necessity. you don't like that, fix the fucking legal system.
mircea_popescu: i think suicide bombing not only can be but actually is perfectly justified.
☟︎ mircea_popescu: in other news, trilema article i been working for the past coupla hours now stands at 7.5k words
mircea_popescu: the only problem with it is that it's a profession, and you don't have a clue how it works.
mircea_popescu: "In the deal, Hooli would invest $200 million for equity while in return the two companies would enter into a business development agreement on the side in which Pied Piper guarantees to spend that money in a massive consumer campaign on Hooli’s ad platform."
☟︎ mircea_popescu: roizen is actually one of those actual women in, well, not tech, but anyway.
mircea_popescu: clearly they're shopping for many economists the same place gavin did
mircea_popescu: "Many economists believe that balance sheet losses are irrelevant for a central bank, so they should play no role in policy."
mircea_popescu: it does maybe 20mn profit over half bn revenue. which half bn revenue dropped 80% over the decade and will drop 90% over the next decade.
mircea_popescu: and in retrospective lulz, murdoch paid 5bn for dow jones in 2008. last summer ft sold (to nikkei) for 1.change bn.
mircea_popescu: "CoinTelegraph Media Group is the largest international cryptocurrency-related marketing and advertising agency in the world. Our Ad opportunities provide our clients with wide-reaching penetration into the cryptocurrency-oriented community."
mircea_popescu: hahahaha australia, that shithole where canaries are illegal ? lmao.
mircea_popescu: "Former heavyweight boxing champion Mike Tyson has joined forces with a cryptocurrency firm to bring bitcoin ATMs to Las Vegas. The deal with Conexus and Bitcoin Direct is believed to be the first celebrity partnership in the bitcoin industry."
mircea_popescu: i thought azn ppl were supposed to be throwing the curve.
mircea_popescu: the company ? which the guy called "a major breakthrough in finance" ?
mircea_popescu: If you tumbled over the term interest, you probably read an outdated posted. Sorry to tell you but there is no interest on your bitUSD ... for legal reasons ... thus the community decided to call it a yield :-). That yield is payed out every time you transfer bitUSD (that are older than 24h). This effectively is an interest, but has an other name. Check out the our info graphic about is:"
mircea_popescu: "BTS's consensus algorithm is DPOS, which is roughly that stakeholders vote on a relatively small set of block validators (~100). All stakeholders care about is "sufficient" decentralization - block validators are quick to replace. These validators can be high-performance servers."
mircea_popescu: anyway, "bitshares" turns out to be yet another bitbet-killer
mircea_popescu: o wait. they also think wrinkly old usgfag qualifies huh.
mircea_popescu: anyway, berkshire's 297/811760 = 0.000365872, better example in that vein
mircea_popescu: but if you'd prefer minerals, how about shell. 1,583,440 / 3.16bn = 0.000501089
mircea_popescu: or if you don't like gm, apple is 59,026,600/5.70 bn = 0.010355544
mircea_popescu: anyway, to sum up : mkt cap / mkt volume factors. bitcoin 0.004171805 ; ripple 0.002536088 ; ltc 0.006680363 ; 0.006944208 ; "bitshares" 0.031265642 ; general motors, 0.01136538
mircea_popescu: why would that be the case, the less liquid a market is the more hope driven it is.
mircea_popescu: dividing the mkt cap by the mkt volume roughly yields the "empty hopes" factor.
☟︎ mircea_popescu: so bitcoin is pushing it with its 0.005. but this 0.001 bs...
mircea_popescu: General Motors Company (GM). volume : 17,957,300 (3 mo avg) , 1.58 Bn outstanding.
mircea_popescu: in what sense does this make sense ? you don't even need to have finance experience to notice this nonsense.
mircea_popescu: someone fucking explain to me what is the MEANING of "quarter billion mkt cap" over half a million trade volume.
mircea_popescu: 5 BitShares $ 14,993,647 $ 0.005969 2,511,953,117 BTS $ 468,786 12.20 %
mircea_popescu: 4 Ethereum $ 61,476,700 $ 0.838699 73,300,075 ETH $ 426,907 -1.99 %
mircea_popescu: 3 Litecoin $ 121,542,198 $ 2.87 42,357,610 LTC $ 811,946 -3.64 %
mircea_popescu: 2 Ripple $ 242,349,655 $ 0.007460 32,488,247,336 XRP $ 614,620 -0.87 %
mircea_popescu: 1 Bitcoin $ 3,380,982,278 $ 231.09 14,630,650 BTC $ 14,104,800 -1.02 %
mircea_popescu: so since i'm now looking at the table of "crypto currencies", as if that's a thing now (hey, why not you know, alternate centers of gravity - why not!!1), here's a table :
mircea_popescu: so far it's more like a "pack of wild dogs invaded your living room ? quick, drop some squaky toys on the floor!11"
mircea_popescu: as the us is not printing new bills, the incentive is not present.
mircea_popescu: the only incentive to do that is the loss of face over having to print wider bills to accomodate the increase in digits.
mircea_popescu: twenty years ago you COULD NOT buy a house in romania other than for cash. no matter what.
mircea_popescu: nobody that you know paid in cash for a house or even a car. think about that. what cash ?
mircea_popescu: "no inflation for a century" ==> "time to cut two zeros off the currency"
mircea_popescu: the eu still has 500 euro bills, which are about as useful as argentine 100 pesos.
mircea_popescu: think for a second : your largest bill is worth ~80 euros.