191100+ entries in 0.062s
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.
mircea_popescu: she can pretend she's wymyn in tech, interested in ethereum for glory.
mircea_popescu: mostly because warm soup at maryland, but that's limited.
mircea_popescu: (which is pure necrodearia style insanity-on-a-stick, for the people who haven
mircea_popescu: and within not so long, the only people left standing will have a very strong "opentransactions" flavour to it
mircea_popescu: technologically urbit, managerially dogecoin, practically ripple.
mircea_popescu: im still puzzled as to why all the eth derps imagine they're competing with bitcoin, quoting all sorts of bitcoin news etc, when it's quite clear they're trying to eat the ever shrinking ripple pie.
mircea_popescu: obviously. i'm sure there's somewhere some people secretly waiting for neobee "brick and mortar stores" to come out of hiding.
mircea_popescu: who the fuck keeps telling people enthusiasm matters. shut the fuck up and sit down, you're not helping. in fact, you're most of the problem.
☟︎ mircea_popescu: "Taylor Gerring @TaylorGerring · Sep 17 Taylor Gerring retweeted Vitalik Buterin The benefit of #Ethereum being defined by a spec, not an implementation "
mircea_popescu: aaanyway. that was entertaining. thanks whoever threw away 10k on bitbet, for the morning lulz.
mircea_popescu: i also can't believe the butthurt "augur" people that kept derping on reddit about how mean bitbet is actually are built atop this shit and somehow still expect anyone to take them seriously.
☟︎ mircea_popescu: shinohai i'd be actually surprised if anyone managed to use this thing as intended to date.
mircea_popescu: i simply had no fucking idea, i imagined they'd go ineptly hit on girls or something. eat many cakes.
mircea_popescu: mindboggling what the population of excel-educated project managers in obscure office space will do with their time if you let them loose.
mircea_popescu: so they're not even at discussing jets and immutability yet. so far we're doing "branding imperatives" and "How to call Serpent function from JAVA SCRIPT (including encoding of function arguments)"
mircea_popescu: asciilifeform seriously, it seems like this thing aims to be ~ urbit. made by people of the same exact ilk ("got some usg payola") but who understand EVEN LESS of computing.
mircea_popescu: it looks exactly like someone gutted lisp and replaced it with "easier to use" javascript.json
☟︎ mircea_popescu: eth.sendTransaction({from:eth.accounts[1], to:eth.accounts[2], value:eth.getBalance(eth.accounts[0])-eth.gasPrice*21000, gas:21000})
mircea_popescu: all i wanna know is what the fuck broken parenscript they use.
mircea_popescu: they actually sit around and pretend like this shit's a thing. i have so much trouble processing this...
mircea_popescu: a) all the wrong fucking choices ; b) they actually believe this shit has some sort of meaning. god help me, "the eth dev brand" ? how the fuck is it a brand.
mircea_popescu: We will de-emphasize the “ETH DEV” brand (with the exception of “DEVcon”) and focus attention on “Ethereum” going forward"
mircea_popescu: "We will continue our general direction of increasing permissiveness that we began with our recent changes to branding guidelines, and emphasis on maintaining norms of common sense and civility over strict rules. We are not following in the footsteps of /r/bitcoin‘s theymos. Discussion of EthereumXT (I suppose the closest equivalent we have is Expanse, with its 10x higher gas limit) is NOT banned.
mircea_popescu: We will make an effort to de-emphasize Skype, and emphasize Gitter as a means of real-time communication for developers. Gitter has the advantages that (i) it’s easier to quickly jump in and participate,"
mircea_popescu: As some initial steps, we are going to do the following: