271400+ entries in 0.163s
mircea_popescu: mno. "i don't see how
they did" and "i see how
they didn't" are quite widely spaced apart.
mircea_popescu: actually
there's more substance
to lending
than ~anyone ever alive ever realised.
mircea_popescu: there's more substance
to lending
than
the naive christian "asking a living out of bare metal".
mircea_popescu: SHYLOCK:
Three
thousand ducats; 'tis a good round sum.
Three months from
twelve;
then, let me see;
the rate...
a111: Logged on 2016-08-12 23:45 mircea_popescu: let me put it
this way :
the fact
that we don't have a proper money market is much more
the problem of "the community"
than
the problem of
the misfortunate whoever
that ran bitbet. whether he was a scammer or not, as a factual matter, as an idealised,
theoretical construct
the observation stands.
mircea_popescu: i don't
think i ever spoke against a hanging, maybe if nice
tits invovled or something, but rare enough.
mircea_popescu: you
think
the average us banker DIDNT know,
throughout
the 2000s ,
that
they're going straight into real estate crisis ?
mircea_popescu: not even a
temptation.
the ECONOMIC DRIVE! if he doesn't - another will. and neither he nor
the other are mp,
to obliterate any conceivable competition by simple fucking logos like a
thing out of
the sacred
texts. so what's he
to do ?
mircea_popescu: yes, it's not even altogether clear
there CAN be such a
thing as a bitcoin-equivalent of
the fiat money market. yes, problems of all sorts, yes yes yes. and yet - what's he
to do ?
mircea_popescu: let me put it
this way :
the fact
that we don't have a proper money market is much more
the problem of "the community"
than
the problem of
the misfortunate whoever
that ran bitbet. whether he was a scammer or not, as a factual matter, as an idealised,
theoretical construct
the observation stands.
☟︎ mircea_popescu: sure. but
this is a conclusion
that requires analysis above
the pay grade
to make.
mircea_popescu: some fish might be
too big
to care ; but in general fish
that aren't
too big
to care are required, economically,
to maximize
the usage of resources.
mircea_popescu: in general, unless someone is ~central bank, it'll be difficult for
them
to ignore
the
time-value of capital.
mircea_popescu: yes, little difference between idiot putting bitcoin into bitfinex and idiot putting bitcoin into canadian lottery. but
this is not
the same as saying "we shall now has smart contracts bitbet"
mircea_popescu: yes,
this may be.
the problem is
that
THE SOLUTION you originally envisaged /
the STATEMENT of
the problem you originally used is braindead.
this is, ironically, very much approached
to his worship our bishop's objections - in
that merely
thinking you "should be able"
to
technologize your way into heaven is scarce guarantee you will in fact manage such.
mircea_popescu: anyway, don't misunderstand
the "not
to make money" bit, it's in my case a coincidence not a virtue. go, make money, absolutely no shame in it. a lot of shame in luchamos juntos blablala, so
there's
that.
mircea_popescu: it's not a complaint ; it's a statement of fact, made at a
time it's required
to be made
to protect
the business environment from public insanity.
mircea_popescu: it wasn't a significant sum -
think, i
threw away 1k btc
to humiliate buffett, i
threw away 5 fucking btc for stuff like
the contest
that produced "shall be delivered" ; etc. moreover,
to correctly account for it would have likely cost more.
a111: Logged on 2016-03-14 16:33 phf: nubbins`: it's a shame
that you chose
this approach for your denouncement. some people are here (myself, maybe ascii) not
to make money, but
to fuck around with novel ways of doing
things. it would've been nifty if, as a "lord" if you will, you picked up
the game and made your accusations formal, maybe solicited a judge from
the wot, made it interesting somehow! you don't have
to obviously, but
the approach
that you chose was basic and
BingoBoingo: mircea_popescu: What every Indiancandi has
the same name or something?
a111: Logged on 2016-08-12 23:19 mircea_popescu:
this is just another of
those "sunk costs of mp's
that we don't recognize nor compensate him for - just expect bitbet
to magically work for free"
mircea_popescu: this makes
the... shit i lost count-th lady flying into weird uncharted lands
to meet with me.
mircea_popescu: get in
touch when you're here, i'll send someone
to pick you up or such covertress .
☟︎ covertress: then I believe we now have something
to discuss in private
mircea_popescu: a
then you can
tell me what you
think of
the local cut.
mircea_popescu: asciilifeform whether he will pay with balls, wife, or a cute poem, is mp\s problem ; but you're
to expect you will be paid.
mircea_popescu: anyway,
this is another problem of
the prev discussed "bitbet"
theme - without a proper cash market and cash insurance, it's pretty fucking hard
to get it going.
covertress: I would like
to propose a visit
then, during my return leg from Shanghai.
mircea_popescu: covertress as we don't know each other, we have nothing
to discuss "in private". public will work jus' fine.
mircea_popescu: i don't expect ~anyone else would afford
to do
this. period.
mircea_popescu: this is just another of
those "sunk costs of mp's
that we don't recognize nor compensate him for - just expect bitbet
to magically work for free"
☟︎ mircea_popescu: understand - just because i'm
the king and queen and can afford
to leave whatever untold bitcoin fortunes lay fallow in whatever addresses for yeasrs at a
time - does not give you
the right
to expect or demand such.
covertress: mircea_popescu, I've meant
to speak w you in private but,
thought it rude
to PM you.
mircea_popescu: bitcoin is fungible. you hold a claim
to a sum, not
to any sort of otherwise specifiable coins.
mircea_popescu: nobody asked you anything of how bitbet's capital is
to be used by bitbet.
☟︎ mircea_popescu: covertress i've been in contact with a lively, nicely
titted waitress. i
think
this makes it 1-0 for me.
mircea_popescu: while i ran bitbet
there was no specific guarantee made
that "the coins" would be found in any place or not found in any place.
this specifically, explicitly and intentionally ; against at least
three different attempts
to "community organize" and assorted nonsense.
a111: Logged on 2016-08-12 21:51 asciilifeform:
touched shitfinex or ANY exchange while bets are hot ? scammer.
mircea_popescu:
http://btcbase.org/log/2016-08-12#1519996 <<
this is altogether unclear.
this "the people have
the right
to
trace
the coins" is a) still nonsense, bitcoin is not
traceable ; b) still nonsense, forget
the "dao" bullshit ; c) still nonsense, you
trust
the operator or you don't
trust
the operator.
☝︎☟︎ mircea_popescu: i dunno
the missionary, and don't care
to remedy
this.
mircea_popescu: is naggum people ? he's not in
the wot. what standard shall we apply.
a111: Logged on 2016-08-12 21:41 danielpbarron: seems
to me
the news is now broke-- whatever
the details. Not
that
the qntra competitors are gonna link
to
trilema logs as
their source.. but still
mircea_popescu: because
they refuse
to conceptualize
that
the us is a rogue state, why.
pete_dushenski: asciilifeform: aha. just recalled
that i read a bio or
two of streicher after your mention of him in
the logs recently.
mircea_popescu: asciilifeform
the strauss-kahn idiot also went willingly.
pete_dushenski: dun
think
they ever ended up in local journal, so prolly not