log☇︎
280300+ entries in 2.079s
mircea_popescu: you know i said it in 2011
mircea_popescu: i understand that the life of most consists of a daily struggle to produce "A little pocket change".
ThickAsThieves: but when i must pay my bills and buy things not available in btc, I then look to the exchange rate
ThickAsThieves: but if i turn all my dollars into btc
ThickAsThieves: if i want to live the btc life
ThickAsThieves: i still can't make the jump to fiat value being irrelevant
mircea_popescu: i'm calling it irrelevant period.
mircea_popescu: i disagree that the cost of bitcoin in dollars is relevant for anything but bernanke.
mircea_popescu: <ThickAsThieves> maybe there should be a btc-alliance, businesses that refuse to accept fiat << yeah. there is. everything i do.
mircea_popescu: i get that everyone has this personal "o, itams" approach to finance,
emptyeddepended: i know there is bitmit
emptyeddepended: that's a huge step. i see another beneficial aspect of bitcoin, but yet there aren't enough merchants. i live in europe and a wire transfer to china to purchase goods is very delayed and expensive. bitcoin could do that in ease..
emptyeddepended: look at AM. that's the closest thing we have right now, i'd say.. and i was happy to realize that. buy btc, trade stocks in btc, a whole company born through btc and they even sell btc related products for btc -- but if you substract mining (and financial instruments), there is nothing even close to that
mjr_: the person who could do this best is a farmer i think
mjr_: i mean, if a bar COULD say, one jameson rocks is .05 bitcoin, now and tomorrow and next week
mjr_: i meant it is cool that someone is being a base
ThickAsThieves: oh i meant as an individual
ThickAsThieves: not only do you need a totalyy btc business cycle, you need layers of it, and it probably boils down to some root fundamental i'm missingh
ThickAsThieves: i think it's that bitcoin is a fiat-dependent economy
ThickAsThieves: but i'm skeptical
mjr_: i always wonder why they think more coins will be produced
Namworld: TaT, I thought the ASIC kills price theory went like this: 1. ASICs! 2. TONS more hashing! 3. TONS more Bitcoins produced! 4. TONS of price dropdown! 5. I was smart to buy at 250. It's all those mean ASIC companies which dropped the price.
ThickAsThieves: hence why i always say to everyone that the best thing for bitcoin, on every level,
ThickAsThieves: i think it all boilds down to
mjr_: the way i try to look at it, is "is this company a net buyer or a net seller? if so, do they hold coins, or get rid of them immediately"
Namworld: I know the concept of getting paid when requesting someone's debt to you to be paid might sound... foreign to Bitcoiners. But just request and see.
mjr_: at least retail (omg, what is this bitcoin stuff, i wanna buy)
mjr_: but i think as buyers leave exchanges
mjr_: i mean, it would be in their interest to do so
pankkake: yes, I think that bitpay's way of selling all the time is pushing the price down
Namworld: Hey hey hey... I pay 0.01 each on those bonds
Namworld: I do hold some. But I manage the S.DICE passthrough =/
mjr_: i mean, do they attempt to use logic at all?
Namworld: But I have 4x the debt in collateral/funds/stocks/etc
Namworld: and I think the collateral requirement is gone
mjr_: yeah, i had it when it was .03% a day
mjr_: I have a new theory by the way, on what has been going on with prices
mjr_: back in the day i think it was 2X
mjr_: AND you have collateral i believe
mjr_: 11% a year is fine i think
mjr_: I really like your bond Namworld
CheckDavid: I thought it was standard on bonds
CheckDavid: jurov, i was confused about this https://btct.co/security/TAT.VIRTUALMINE
CheckDavid: I am talking seriously
CheckDavid: Ah i am confused
Chaaang-Noi: Namworld, yeah i know he did not read the address, he did not read it even after i told him he did not read it... face palm
jurov: he is mpex owner, i mean. about the troll, depends who you ask.
CheckDavid: I thought it was the owner of mpex
matthew_boyd: Heck, I am probably more mature than this guy and he is maybe twice, or three times my age. :)
matthew_boyd: "I swear some people (like goat) go around the forum looking for things to cry about. Seriously it is entertaining and yet sometimes annoying because it reminds me of how a young child does things."
Chaaang-Noi: if anyone enjoyed it, make a compint, i know im going to get all sorts of hate :)
matthew_boyd: Haven't finished, but I found that entertaining :D
Chaaang-Noi: d3 you are welcome to post i that thread, and he calls him self troll of trolls
Diablo-D3: I am the king of trolls.
mjr_: if only i worked in the M&A arm of a bitcoin investment bank
mjr_: i spent a lot of time hanging out on just-dice yesterday
Chaaang-Noi: yes, i have a job for you if you want it, ill pm you
Bugpowder: I sell
Bugpowder: but I don't trust gox
Bugpowder: If I were trading, I might buy this
Bugpowder: but I have too many coins
Bugpowder: I'm selling
Chaaang-Noi: i thoght we were doing 50 soon
Chaaang-Noi: i see them eating at that wall
Chaaang-Noi: i hope its the right 5% :)
thestringpuller: I hold 5% of Chaaang-Noi
Chaaang-Noi: i hold 5% of it, its my bfl play, other than that one 60 ghs unit i have
Chaaang-Noi: i got mine....
dub: I recently had my tarrot cards, runestones and magic eight ball certified 100% accurate
kakobrekla: well fyi some people really do <i>invest</i> in fan clubs
emptyeddepended: haha nothing.. i just had to smile because of "He invests to my knowledge" and "but not in fan clubs" and that came to my mind :)
matthew_boyd: What did I do? I am confused? :(
matthew_boyd: I am good, haha ;)
MJR_III: i like camelcase lol
rulother: What would you say would be a fair price? I'm just curious really, better to make something off it than nothing at all
rulother: I don't know about that, I would say with the seo easily a 1000
kakobrekla: i doubt its worth much and you will have to cut price if you wanna sell for btc even further
rulother: Its a site I developed, but don't really have time for anymore
rulother: What would be the best to go about selling a website for btc? I know they're a few sites out, but they all seem pretty scattered
MJR_III: i think
MJR_III: i thought that was a really cool way to do the betting pool
kakobrekla: i have no idea what they are
kakobrekla: i have shoes that dont need tying
Namworld: I keep trying to PM you without success
MJR_III: i'm chatting from the page on my site :)
mjr_home: nothing as far as i know
kakobrekla: what did i miss
Namworld: This price drop ain't over till I say so...
MJR_III: lol, i think it would be trivial to avoid jail
MJR_III: you could also cut it up first, but i dno't think sdice has more than one piece
MJR_III: Chaang-Noi I think you agreed with my other points about revenue, costs, and market share
emptyeddepended: i completely forgot about email
emptyeddepended: i see. well, that would be enough though.
MJR_III: why do i keep getting dc
CheckDavid: I will start again.
emptyeddepended: i'm not sure, if i got your question right. do you ask about btctc itself or companies listed on btctc?
emptyeddepended: oh i see
CheckDavid: I wonder what would happen if it disappears in the practical sense.
CheckDavid: I have a doubt. If someone lists their stocks on btctc and then it goes under, hwo do you guarantee the rights of share holders? Does my question make sense?
emptyeddepended: almost every word of friedcat ends up on reddit's bitcoin frontpage, followed by another price increase.. i don''t care about the reports, but it's effects