mircea_popescu: so 4 is this new 5 ? i don't like this fortran.

mircea_popescu: why are all the dudes in the (stock i presume ?) coinfire illustration fat

mircea_popescu: check me out, i'm so prepared :D

mircea_popescu: i have nfi how dumb it is, i didn't read.

mircea_popescu: i thought it was a crypto for black kids.

mircea_popescu: or i guess the poor ones

mircea_popescu: mod6 i dunno, they failed. the blockchain seems just fine of itself.

mircea_popescu: BlueMeanie4 well i wouldn't imagine it'd be the entire opinions

mircea_popescu: i don't run it, kako does. i just get the cookies :D

mircea_popescu: Nick___ i see. looking into it.

mircea_popescu: mike_c that's not even half of it. even 1k on either side wil probably draw reaction. i'd guess if you drop 5k on a side you'll get more volume on the other just on general principle.

mircea_popescu: except the problem is i don't see any large march brk puts hgaving happened this week

mircea_popescu: i suppose the statement would be "someone who's short the "up up up!" "

mircea_popescu: (i don't mean where else in bitcoin. i mean, where else in vegas)

mircea_popescu: nahuy part i good.

mircea_popescu: i fully expect to see old people hanged for the fault of being old in my lifetime.

mircea_popescu: (no, i didn't change it. i don't change passwords when a third party says so. i change them when i change them.)

mircea_popescu: that was fucking trippy. so i start irc client, it goes to login,

mircea_popescu: And so I decided that since I was already roped into this by association I had two choices. To stop promoting GGC and go public with the reasons why I was uncomfortable or to continue to promote it and hope it works. I chose the latter and very quickly money began flooding into the project and I began to think that maybe this would all work out and maybe Ken really knew what he was doing."

mircea_popescu: "Since I had already brought in thousands of leads to GGC throughout 2012 and the start of 2013 and Ken had begun to market this new property that GGC didn't even own I was very distressed. However, at the same time, the amount of interest was staggering. I knew there would be demand for a project like this but I was amazed how much interest there was. Ken again told me that this is just how these type of deals are

mircea_popescu: "A few months passed and there wasn't too much developing when I got an email from someone (not even Ken) in June of 2013 that he had just committed to purchase a property with secure water rights near the initial property for over $6 million... and it had to be paid in full within three months!

mircea_popescu: Ken told me it wouldn't be a problem and he'd get it fixed. And, while I had already begun to market the property I was generally okay in knowing that the four founders had bought a large piece of property that, at worst, they could live on and/or resell and no one would get very hurt from this mistake.

mircea_popescu: Very quickly after the purchase of the property I received an email from Ken that there was a lot of errors and the property not only can't be rezoned for 3,000 lots but only for 12! And, it had no water rights for much more than 12 livable units!

mircea_popescu: e plan was for us to bring in qualified people to help us develop the property as I brought in the marketing interest for lot purchasers. "

mircea_popescu: "I was assured that the property could be rezoned (at least somewhat) and that it had water rights and I returned to North America and Ken and I agreed we would be 50/50 partners on the deal (with a certain percentage for Cobin and his partner and for the founding investors) and I told Ken that I had no time nor qualification to operate or manage a real estate development so he would be the Managing Partner and that th

mircea_popescu: Excited by the property and the potential I decided to trust Ken on his knowledge of how to do real estate deals and we then raised the money with four key investors who we still to this day call "the founders". All were TDV readers and they were excited about the potential.

mircea_popescu: By that point I had had enough. "I don't do business that way," I said, and nearly got into a fist fight with Ken Johnson over it. However he and the others all assured me that this was "totally normal" in the real estate business to do... and over time they, and especially Ken, talked me into doing it. Ken told me, "this is how the real estate business works."

mircea_popescu: Everyone at the table told me that it was a "sure thing" which I found preposterous. But then, Cobin, his partner and Ken started talking about putting a down payment on the property with a "rubber cheque". They were essentially saying that we would give the owner a cheque that had no real money backing it and then raise the funds to buy the property.

mircea_popescu: "I first wrote about La Estancia as being "Galt's Gulch" in 2011. I went on to talk throughout much of early 2012 about how exciting I found the concept and how I would like to do one myself." fucking preachers without a church, teenaged boys trapped in sagging old bodies trying to get patrons to carve them a parish.

mircea_popescu: but these are all practical considerations. i wouldn't do this even as a banal every day person.

mircea_popescu: decimation i was just wtf'ing now, looking at it. really, pictures of one jar of honey, a bunch of SIGNS and a bunch of mountain range ? THAT ?

mircea_popescu: for the record, i agree with both negative estimates. it is incredibly stupid to go out in the fucking sticks, if you're on a budget.

mircea_popescu: i had no idea they had good drama.