272400+ entries in 2.027s
herbijudlestoids: im not trapped in any such mental representation and dont really believe for example that
a BTCUSD price punctuation event would need "permission" to occur lol
decimation: It's
a huge thing for New Yorkers indeed.
decimation: ?That?s
a huge thing, for the country and New Yorkers,? Lawsky said.
decimation: Lawsky at times sympathized with the goals of the investors at the hearing, complaining that it could take ?days? to pay his credit card from
a bank account. And he criticized fees immigrants pay to send money home, and welcomed the chance to use Bitcoin to reduce the costs.
mircea_popescu: "Nobody will care that the original paper may have been written by an American and the original discussion on the long forgotten original Bitcoin forum was carried in English. I can deal just as well with Russian investors, I can deal just as well with Chinese investors, Bitcoin is completely neutral from
a cultural perspective. This neutrality means that cultures will have to compete. So far the US is losing this comp
decimation: It's because
a few indiviuals in key positions think they can ride the wave of terror to power
mircea_popescu: the mark of the true junkie : he keeps
a stable of dealers, rather than the other way around
decimation: Do you think the triangle is in
a simliarly precarious position?
herbijudlestoids: "bitcoin just is, as long as many coordinate in
a mysterious way"
decimation: well, what I was attempting to convey was the idea that bitcoin is contingent on coordination amoung many in
a mysterious way
herbijudlestoids: ok, well im not really sure how bitcoin not being used for retail makes it
a bad MoE, but ok thats your view
decimation: of course you would want
a non-retarded security model
decimation: Therefore no reason why you couldn't run
a btc credit card
herbijudlestoids: if it is to replace everything, how can it also "never be
a direct means of payment for retail anything"
herbijudlestoids: can you please explain for us retards, how "bitcoin just is"? considering it requires
a globally distributed network of hosts to constantly verify and transact? fractures introduced to the network topology, or similar, seem to argue against the idea that bitcoin is simply
a mathematical construct. you need compute power and communication to implement and distribute the construct
herbijudlestoids: also i dont think bitcoin is worthless, i think it has
a considerable value as
a medium of exchange
mircea_popescu: and you'll be well advised to take note that for all his childish posturing
a) yarvin capitulated and tried to make his own bitcoin
mircea_popescu: it's
a better model than the "marginal saver", in that it relies less on statistical artificery.
herbijudlestoids: you cant just call
a currency the strong one for no reason. the use of
a particular asset as
a store of value by the marginal global saver(s) is what gives it that characteristic
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
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: (technically 10k btc for
a 19 dollar pizza would mean 0.19 cents each, but we'll let that slide)
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 :/
herbijudlestoids: i personally feel that BTC makes
a good medium of exchange but
a poor store of value
mircea_popescu: it's
a sad time we live in when the close minded burgeois scares the revolutionary artists.
☟︎ nubbins`: sometimes for months at
a time
mircea_popescu: anyway, not the first time cluelessnes costs
a guy his bread.
benkay: something
a winklevii drops on the floor and nobody wants to touch
benkay: this is
a room of true believers ;)
mircea_popescu: anyway, my point was more that the trades streamed when it was half
a bitcoin worth 50 dollars, and it's still streaming when it's 50 bitcoins worth 50k
ThickAsThieves: "And there’s certainly some interesting things about Bitcoin and other things like it, but there’s also
a great deal of complexity. People talk about things like frictionless and things like that, and when you actually dig through it, it’s really not the case. It’s far more complex than that. And we feel very comfortable with the business that we have here."
ThickAsThieves: "If further clarification is needed, FinCEN encourages the submission of
a request for an administrative ruling. The procedure for submission of administrative rulings can be found at FinCEN’s Web site"
nubbins`: solely for
a user's own purposes
ThickAsThieves: "The first ruling states that, to the extent
a user creates or “mines”
a convertible virtual currency solely for
a user’s own purposes, the user is not
a money transmitter under the BSA"
ThickAsThieves: virtual currency as an investment exclusively for the company’s benefit is not
a money
nubbins`: over the years, i've stopped taking "this would be great album art" as
a compliment
mircea_popescu: dude is back in there bumping his shit, not
a care in the world etc.
mircea_popescu: lol i see goat is putting
a lot of effort into perhaps
a comeback.
pizzaman1337: 2 days isn't much of
a sample size though, is it?
dub: What
a viscous cycle.
Dimsler_: honestly that entire forum is
a den of theives, liars, and fraudsters
Dimsler_: thats why
a simple pimpcoin interface
mircea_popescu: they're dumb as rocks, lazy as
a limp cock and proud like peacocks.
Dimsler_: well bitcoin is for anyone who doesn't want to
A) have
a problem with asset seizure B) wants to hide there activity financially C) want to launder there proceeds
mircea_popescu: bitcoin is interesting for the student/teen that doubles as
a hooker on her own
Dimsler_: and
a smart pimp should be on the btc bandwagon
KRS1: mircea_popescu: the porn industry does NOT have
a way to take micropayments
mircea_popescu: sex industry is kinda thick, kinda dead and doesn't really need
a special coin
twizt: use
a site like eros
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.
lippoper: that VOS is based in Canada, where they are treating virtual currencies as
a commodity
lippoper: pankkake, they have
a verification system
lippoper: 88% of trading was performed in USD, Bitcoin was the most traded crypto, combining for $19.4k, or 48% of the total dollar volume. In
a not-too-distant 2nd was Dogecoin, combining for $14.1k, or 35% of the total volume. No other cryptos came remotely close. Litecoin was
a distant 4th, posting just $2100 in total dollar volume.
kakobrekla: womenz can be
a handful. < is that
a handjob reference?
mircea_popescu: benkay careful you don't bit more than you can chew :D womenz can be
a handful.
benkay: mine's crocheting
a 'kneeling rug'
mircea_popescu: it's
a splendid idea, what. chicks getting dorks to lap them up and drool
a lot.
kakobrekla: i thought that middle girl has amish beard for
a sec
deadweasel: maybe you should start S.BDEV, offering consultants for
a % of business improvement profits.
kakobrekla: <mircea_popescu> <pankkake> what he really needs is
a guy to take over the business << pankkake has
a point there. << no biz, no point.
mircea_popescu: <pankkake> what he really needs is
a guy to take over the business << pankkake has
a point there.
kakobrekla: whos dick he was sucking not
a few months ago.
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.