271900+ entries in 2.006s
mircea_popescu: just put up
a sign, National Bank of Romania Gold Vault, Rosia Montana Division on that mountain and be don with it.
mircea_popescu: why bother with all the digging, all the cyanide ponds, all that, just to get gold out fo the ground, move it 500 miles south west and then... dig
a hole, put it there and guard it ?
mircea_popescu: they;ve been trying to push this deal for the entire decade, hiring pr, doing tv shows, paying the idiots living there fiddy bux
a head to go "omfg we're dying of hunger", the works.
mircea_popescu: about ten years ago
a mining group formed to cut out one certain mountain, convert it to gold (and silver, palladium, tungsten, etc etc) and pay the government 20%
mircea_popescu: the austrians mined it, transylvania still sits on
a pile of untold millions of ounces.
mircea_popescu: what i mean by this is : romania sits on
a mountain of gold. it was the main source of minable gold for the roman empire, when they finally conquered dacia the local king's treasury financed 100 days of straight games with plenty left over.
mircea_popescu: the reason they didn't is that gold has
a negative mining return.
mircea_popescu: well this article does
a lot to explain his psychological drive in being so bitcoin-butthurt
decimation: Sorry. He has his good moments, but I agree he is
a spaz
decimation: Except Bitcoinstein has
a much brighter looking future than Goldenstein
pankkake: I don't know, I don't think I kept those. I've seen
a few novels too. crazy stuff
decimation: Yes. I read it earlier and now I re-read it. So the transcendental nature of Bitcoin describes its ontology. Bitcoin's effect on the world of humans is more like that of
a soveirgn state.
nubbins`: some weird masked jester lifting up
a My Little Pony's tail to examine the goods?
nubbins`: in the sense that some weirdo drew up
a few doodles of exactly this
nubbins`: i'm sure there's
a "manga" of everything
Duffer1: the only thing i can think of that comes close isn't
a manga
mircea_popescu: so since y'all are
a lot more knowledgeable than me : is there
a manga/hentai/whatever you call the weird cartoons which is predicated on females being decerebrated at birth, kept on live support systems, used as reproductive furniture ?
nubbins`: is there
a religion for being selfish?
mircea_popescu: that q is
a lot more complex, but did you read discussion with herbi
a few days back ?
ThickAsThieves: is there
a religion for this, worshiping bacteria and our role as its protectorate?
nubbins`: consider that
a human is just
a bacteria colony surrounded by
a fleshy support system
mircea_popescu: pankkake actually it's possible that the recent rise in ass licking as
a sexual practice is fundamentally driven by the need to compensate for
a lack of bacterial load in the digestive tract.
mircea_popescu: complete sterility is apparently
a serious health risk.
nubbins`: "i'm in
a really bad spot financially right now"
mircea_popescu: afaik mpoe-pr going all public with it was absolutely the first case
a default was prosecuted in public in btc
mircea_popescu: more importantly, at the time it was really common, to the point of being
a rule, that nobody made public default complaints
mircea_popescu: at the time it was
a big deal, people really bought it.
Apocalyptic: written by
a supposed investor saying how confident he was, cause Patrick got too much to loose if he ran
Apocalyptic: i've read some interesting article about him
a while ago
mircea_popescu: but since it's
a topic, i wonder if anyone were to make
a list of all the supposedly big businesses in btc ordered by the total btc sum they donated to exposing scams,
mircea_popescu: those that didn't don't get
a 2nd round today, it'd be unfair to their betters, that did take it.
virtuals: I read that
a long time ago, whet question
Apocalyptic: you know mpoe-pr warned it was
a scam from the beginnin
Duffer1: alberto about to spend
a reallly long time in jail
mircea_popescu: i have, and it changes your perspective in
a particular way.
nubbins`: the part where he goes on about whether
a piece is "finished" or not is good, too
nubbins`: maybe
a bit obsessed with scarlett johansson
ThickAsThieves: anyone know
a better way to reach bluematt than this coingen email?
ThickAsThieves: verb: give
a negative rating to
a posting or
a definition in Urbandictionary (thumbs down)
ThickAsThieves: (V) 1. To treat someone of the same color with the disrespect of racial discrimination. 2. To disregard
a respectable black person because of their skin color
ThickAsThieves: (N) 1. An ungrateful person, behaving as if they were entitled to everything. 2.
A white person behaving as if they were black.
mircea_popescu: anyway, i woke up after six hour's sleep with two article ideas in my head and ended up writing
a third in chat while taking
a break from writing my first ;/
mircea_popescu: in fact, she's so novel that people that go by "what i've seen" generally imagine she's
a poor pr.
ThickAsThieves: how often tv picks work out to be worse then flipping
a coin
mircea_popescu: this allows you to actually extract
a profit out of the stupidity of people who are too stupid to realise just how stupid they are.
mircea_popescu: 4. you subdivide both divisions. now you have
a list of people who know you fucked up twice, this you discard ; two lists of people who think you go tone out of two. these you merge ;
a most valuable list of idiots who think you got 2 out of 2.
☟︎ mircea_popescu: 1. you put up
a site with some content and drive
a ton of traffic to it. google ads, whatever. this is your start-up cost.
herbijudlestoids: i might buy
a couple of bitcoins and bet on just dice...maybe...kind of got my heart set on buying as much MPOE as i can
mike_c: herbijudlestoids: i think the more analysis the better, so i hope you keep at it. i'm just not
a believer.
herbijudlestoids: if its
a regular dice site i would say just bet using kelly criterion
mike_c: like people at
a baccarat table marking player vs banker
mircea_popescu: you can bet on any self-chosen odds, including 95% for
a 4% gain or w/e.
mircea_popescu: herbijudlestoids jd is
a dice site. people gamble on it. its house edge is 1%. the returns it pays investors vary wildly.
herbijudlestoids: the simplest betting strategy is to bet on the low volatility bets, i.e. those that have
a low payoff but high probability of succeeding
herbijudlestoids: is it
a listed stock somewhere? or do you mean apply it to bets on the site itself? i couldnt see it in my mpex data
mircea_popescu: predictive. ie, that somehow
a numeric manipulation of the past yields the future.
mircea_popescu: herbijudlestoids his question is simply this : both qa and ta rely on
a fundamental predictive presumption.
mike_c: ohh, so if you find patterns in
a random walk, then they must be valid going forward
mike_c: If price fails to drop more than 10% below the bottom of the head-and-shoulders bottom, then it could be forming
a double bus
herbijudlestoids: TA guy will buy and sell based on ...for example h&s pattern...QA guy will analyse exactly what
a h&s pattern is, expected returns, failure rates etc
herbijudlestoids: it doesnt have to trade down all 20 ticks, right? just
a - return
mike_c: so if
a stock trades down for 20 ticks, you're saying buy it or sell it?
herbijudlestoids: its
a different way of plotting the data instead of price/time its price/arbitrary divisions of price
mike_c: i hate technical analysis, so excuse my stupid question: wtf is
a 20 tick bar?
herbijudlestoids: because its highly unlikely that the next bar will be also
a -2% return bar or even
a -1% return bar, etc
herbijudlestoids: for example, if there is
a 20 tick bar with
a -2% return, you should bet against it
herbijudlestoids: the simplest story the graph tells is that
a gambler could bet on any 20 tick bar and more likely expect
a positive return than negative one
Duffer1: tat how much does it cost to coingen
a new alt?
Apocalyptic: <ThickAsThieves> can you even do it without the source? // if you have
a linux 64-bit exec yeah
mircea_popescu: ThickAsThieves at their level, not like they can make
a decision. if you say "i'll put
a bid wall for x btc" they can't say no.
mircea_popescu: figure out based on mining cost what diff you want, put
a bid wall around there on whatever altscam marketplace
Namworld:
A scammer will scam anyone... ANYONE. As long as he can get away with it. He might not scam partners who live nearby. But from another country, working on same project. Why not?
mircea_popescu: "i couldn't believe you have
a web page asking users for their private pgp key"