log☇︎
249600+ entries in 1.983s
mircea_popescu: herbijudlestoids i merely said that out of the various functions, that happens to be the one it does worst.
decimation: well, what I was attempting to convey was the idea that bitcoin is contingent on coordination amoung many in a mysterious way
herbijudlestoids: decimation: not really sure what your comment re republocrats was about, very far from the answer i was looking for
decimation: I donno, I came to bitcoin via Mr. Yarvin. In retrospect his doubts about Bitcoin look silly.
decimation: I'm also assuming the word "bank" means something different than the modern western concept
herbijudlestoids: well, i assume your "everything" includes direct means of payment for retail things, since you included even facebook ecash or whatever in your list of things it is to replace
mircea_popescu: i have no idea. there's like 7k or so full nodes iirc.
mircea_popescu: Dimsler_ active users of what, pot ? i dunno, 50mn.
kakobrekla: i dunno, i do not study these things.
mircea_popescu: since i'm doing a trilema retrospective apparently, here, see that : http://trilema.com/2013/bitcoin-prices-bitcoin-inflexibility/#comment-92015
kakobrekla: hm i didnt know davinci way gay
decimation: I think Mr. Yarvin was correct in his analysis about the game theory of bitcoin saving
herbijudlestoids: also i dont think bitcoin is worthless, i think it has a considerable value as a medium of exchange
herbijudlestoids: although i would posit that considering the nature of centralisation of the internet currently, it might not be that hard for the USG to do so
herbijudlestoids: hmmm well i would never have argued that the USG will shutdown bitcoin or that bitcoin will be worthless, those seem like two stupid things to bet on
herbijudlestoids: i think youre a pretty smart guy, dont really want to get into a full blown thing so i will just say i disagree that through the lens of greshams law, bitcoin is the "strong currency" which savers have a preference to save in. if youre interested in maybe considering a different view heres FOFOA on the topic (a bit long) http://fofoa.blogspot.com.au/2011/06/bitcoin-open-forum-part-3.html
mircea_popescu: i guess. and obama is increasing the minimum wage, and more qe, and more bailouts, and so on and so forth.
mircea_popescu: but i have an excellent statistical reason
herbijudlestoids: i.e. what are those entities converting their productive surplus into
mircea_popescu: so i mentioned something in 2011, what of it >D
herbijudlestoids: i swear i mentioned something about global reserve asset earlier
herbijudlestoids: am i wrong? do you expect theres enough liquidity for you to make a transition like that without any loss?
herbijudlestoids: i doubt you actually expect that your net worth denominated in BTC would be equal to a fraction if you tried to convert it all at once to say USD or whatever
mircea_popescu: im not trying to convince you. i merely made the previous points.
herbijudlestoids: i guess up to oyu if you wanna use 4Y ROC as proof of its viability as a store of value but i dont feel very convinced
mircea_popescu: well... i hope his credit is good...
herbijudlestoids: so maybe my maths is retarded but i calculated (1000-0.01)/0.01=99999%
mircea_popescu: actually it seems it's not what i thought it was
mircea_popescu: o i remember biom
mircea_popescu: i'ma go spank a girl till you find anything ?
mircea_popescu: you can go all the way to 1950 for all i care.
mircea_popescu: so scour the entire list of known pinks for anything matching it, i'm not picky.
mircea_popescu: i'm kind-of curious if he actually finds one. afaik it doesn't exist. ☟︎
herbijudlestoids: mircea_popescu: so if i do a quick stock scan and find all the global penny stocks that outperformed BTC since inception, wouldnt those actually be the best store of value :/
deadweasel: i am not valuable to the status quo
herbijudlestoids: i personally feel that BTC makes a good medium of exchange but a poor store of value
mircea_popescu: you're basically saying "the stuff i say about cars also applies to other locomobiles, such as steam powered train engines and horsedrawn carriages"
jurov: now i had some brainfart "that they want to paint him as hitler?"
mircea_popescu: herbijudlestoids i don't see how it limits btc
herbijudlestoids: i personally put some weight behind it
mircea_popescu: so i have
herbijudlestoids: i guess its one option you didnt consider
nubbins`: i may have pasted that one here before
deadweasel: i try not to should on things anymore, I'm always wrong.
mircea_popescu: lol i guess it marginally qualifies.
nubbins`: the "salty" he mentioned, i've done business with
nubbins`: i tried!
herbijudlestoids: i take notes of oddly specific numbers
herbijudlestoids: well the highest valuation i had heard so far was 798,000
herbijudlestoids: mircea_popescu: iv counted 46 ticks over 2 days, to compare to say the S&P 500 i would expect 46 ticks every 2 minutes?
nubbins`: over the years, i've stopped taking "this would be great album art" as a compliment
mircea_popescu: i'm screaming at wannabe pr outfits.
nubbins`: i'll race ya
nubbins`: mircea_popescu: 4 hours too late, but i'm here now!
mircea_popescu: lol i see goat is putting a lot of effort into perhaps a comeback.
mircea_popescu: herbijudlestoids i mean, for prices to distribute normally it'd mean there;s not much meta activity going on
herbijudlestoids: i want to construct some kind of benchmark index from the different assets and use that to build information ratios etc
herbijudlestoids: mircea_popescu: returns definitely seem to skew positively, the distribution does not show the commonly taken levy form that i usually see, more like poisson distribution
herbijudlestoids: pizzaman1337: all i got so far :) but youre right small sample size
herbijudlestoids: similar formation to the 1 tick returns i plotted yesterday, seems like there is plenty of room for speculators
Neil: mircea_popescu: Seems I was right - bitbet gives you weight based on when bitbet processes the bet, not when the bet went in the blockchain... which is not good for extended downtime
benkay: what was i doing again?
Dimsler_: sorry i'm back
lippoper: I think i was right
lippoper: I bet the redhead is the hottest and you can't see any of her assets
mircea_popescu: anyway, more's the point : i been trying to get the fucktarded girls on crypto for 2 years.
Dimsler_: i love all the preaching bitcoiners how they are going to be saving farmers in argentina or africa
mircea_popescu: yes, but the problem is it all stems from your own personal delusion, i'd say.
Dimsler_: i try not to associate with the dreges of society
KRS1: i guess
KRS1: i know the guy who bought bitcoin.xxx
KRS1: not bad i have some contacts for that hmm
Dimsler_: i tried to buy pimpcoin
lippoper: i'll take one for the team and grab the big boobed girl on the left
deadweasel: it's like i'm 13 again!
KRS1: i like mid and right
deadweasel: i'm using my imagination (at work), i'll take the top 6
pankkake: I'd take middle and right
KRS1: mircea_popescu: I have not yet been rated
lippoper: mp, i'm not sure how it all works to be honest, but from what I understand Canada gives businesses more confidence to deal in virtual currencies because at least they've defined it as a commodity.
KRS1: i'll trade ya
mircea_popescu: i think you may be confused.
benkay: but the most handfully they've ever gotten with me was when i wasn't regularly putting them on their knees.
KRS1: http://i.imgur.com/klA7PdP.jpg
benkay: yeah man i know!
kakobrekla: lippoper i wont spoil the fun.
kakobrekla: i thought that middle girl has amish beard for a sec
ThickAsThieves: and when i said no, he negrated me
ThickAsThieves: but i even tried leveling with him privately
ThickAsThieves: i dont cqare enough to hate
mircea_popescu: i dun hate him.
kakobrekla: >alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.
ThickAsThieves: i guess these scams will exist til the diff calms down
pankkake: I know but I read it before. anyway, those PR guys are useless if they're just remote random forum users with no info
kakobrekla: >I fully believe we need to hire a PR manager, as my time can be much more effectively used actually working on things as opposed to maintaining this thread.
kakobrekla: i think.
ThickAsThieves: i can probly just put this in a spreadsheet and sort
mike_c: that was a house bet. i'm curious what the best gain on a user bet was. i'll look through.
mike_c: yeah, i glanced over the "on #277" somehow
kakobrekla: well i guess anyone can compile this list since all the stuff is public