199700+ entries in 0.045s
mircea_popescu: trinque i for one am very curious how bitfinex is going to settle all the buyers.
mircea_popescu: yeah since the tools alf dropped nodes are actually much more usable for ths
mircea_popescu: all the derps "buying" "cheap" bitcoin on the scams in question (bitfinex, kraken) remember : it's not yours until you send it to your offsite wallet.
mircea_popescu: exactly what that guy told satoshi the plan's gonna be, back on the original list in 2009. "they'll invent fake btc, trade it and it will "go down".
mircea_popescu: anyway, the bitfinex + kraken thing is pretty memorable lol.
mircea_popescu: Adlai right. redditards, "FIRST APPLE TREE!111 FOUND IT IN MY GARDEN!"
mircea_popescu: asciilifeform didn't bingo run >9k version for a whiole ?
mircea_popescu: so bitfinex finally does the thing it was supposed to to and "cause panic" ?
mircea_popescu: <Adlai> so where do i begin with this bitcoin thing? << get stator/rotor going, is a start.
mircea_popescu: anyway : i am itching to declare extant browsers obsolete and force through a replacement.
mircea_popescu: i wonder what;d happen if someone made a racist browser.
mircea_popescu: so for my own curiosity (inspired mostly by our bitcoin experiments here) i had it tested. there's no modern browser thatr doesn't leak memory.
mircea_popescu: i bet you he gets the bulk of it from womenz that don't know enough contemporaneous culture to just send nudies.
mircea_popescu: if someone is dumb enough to talk to a machine they should CONTINUE.
mircea_popescu: this problem is easily resolved : there can not be an "any" node.
mircea_popescu gapes in amazement at the incredibly powerful tool he came up with over dinner conversation.
mircea_popescu: so then you say this, and your "Certain" has become an "every"
mircea_popescu: yes. when you design "a parachute" you design it for "every".
mircea_popescu: think is "all". wank is "some". "certain" is iffy and should be resolved to either.
mircea_popescu: actually, i would propose that's the difference between think and wank in the space in question.
mircea_popescu: see, that's the difference. i don't think we ca do a "like to think" if the premise is not an "all" or "every"
mircea_popescu: ascii_field "providing punctual technical solutions for poorly understood future situations".
mircea_popescu: but then again gold is a very low bar. almost anything makes more sense to hoard.
mircea_popescu: the consensus is, it makes more sense to hoard NRFB smartphones than gold.
mircea_popescu: "to ensure world happiness, you buy some people girlfriends and some people's girlfriends"
mircea_popescu: no, it does not work. it merely appears to have worked
mircea_popescu: the soviets tried the inflatatron, but by making shitstick cellphgone. it blew in their face)
mircea_popescu: (incidentally -0 this is how the russians ruined their at some point fledging industrial reputation
mircea_popescu: yeah but i don't see how the smartphone made out of shit and sticks will cut it
mircea_popescu: price doubled. (price doubled specifically bnecause it wasn't all the way, incidentally)
mircea_popescu: but yes : goods there moved from pipeline to storage like... halfway. 1/3 of a way really
mircea_popescu: jurov nah it was like 3, and in any case the weather stayed bad and 90% of production was in the same area.
mircea_popescu: this is the star line of goods. just like normal stars.
mircea_popescu: that 1% total sale volume is the last sustainable place for it, after price increases past 100x demand collapses entirely and the good either becomes monetized or disappears outright, in the hands of collectors.
mircea_popescu: so, sales of 100 units/day, at 100x what they cost a day, some point at t5.
mircea_popescu: the good now moves from pipeline to sotrage pricing, and as a result it will slowly dwindle as price goes exponential and demand collapses.
mircea_popescu: ascii_field here's the model i propose to you : current debit is 1mn units/day, say, call this t0. "world ends" event, t1. prices spike 40-50% and social support wanes. demand drops 80%. this is t2. production stops, and the pipeline gets diverted to storage, this is t3.
mircea_popescu: jus' dreamin' its dreams of "intellectual property" and whatnot