log☇︎
294500+ entries in 2.34s
ThickAsThieves: i dont mean it an intentional way
Bugpowder: ThickAsThieves: I would argue though that the dynamics of bubble formation and popping have such similarities that there must be common stages of collective emotion that drive them
Bugpowder: I wonder how that guy that quit his job to play 10000 hours of golf is doing.
deadweasel: i'm Malcom Gladwell.
mircea_popescu: Bugpowder i always suspected the "fight" or "Game" representation of markets is an artefact of the american mind and has nothing to do with market reality.
deadweasel: so if you know a subject well enough and long enough (10,000 hours i think), the instinct can be correct when you're conciously not sure.
Bugpowder: but the seductive argument is that the current state of bitcoin pricing is based on new market participants with little experience, and by using information asymmetries, like spending 12 hours a day on #bitcoin-assets, I can beat them.
mircea_popescu: well... mtgox is the most extreme case of capital controls i've ever seen implemented.
Bugpowder: I wouldn't believe it if this was a mature financial market
Bugpowder: although my brain tells my that I must be more skilled than the market
mircea_popescu: i wonder if their concrete prefab building can take it.
Bugpowder: I maintain that luck has a huge role to play here
mircea_popescu: kinda how the human brain is made to work i think
Bugpowder: I agree actually
KRS1: wow i've learned a thing or two since i've been here
mircea_popescu: i bet you the EV of the bubble is < the EV of S.dice.
Bugpowder: I'm 'adding liquidity'
Bugpowder: I think economic activity associated with bitcoin currently supports a price of ~30
deadweasel: i agree. but for some reason this has worked out better.
deadweasel: i'd rather be profitable than be part of something in a meaningful sense.
Bugpowder: hence, the people that are market participants are the people I'm thinking about, since they are pushing the price around.
mircea_popescu: i know your goal is to try and speculate, but this makes you not part of bitcoin in any meaningful sense.
mircea_popescu: i don't imagine a recoupling is ever likely at any rate.
Bugpowder: I saw that somewhere
Bugpowder: I have made very few mistakes tonight
pgp: how bout that ... new low... a little sooner than I expected, but hey...
pgp: thought I was going to bed, but... not now!
ThickAsThieves: guess i'll throw it into sdice or something
ThickAsThieves: ugh i had a bid up at 65 i forgot about :/
pgp: happening faster than i thought...
dub: I suspect you'd have to pay to have him taken away
jcpham: I think dub's phonetic is more
jcpham: I did my ten percent metal thing this morning closer to 100
Bugpowder: if I still had coins
Bugpowder: but I would exit on the next sustained up move
dub: it will be right after I sell
Bugpowder: dub I think there will be a bounce
Bugpowder: I told them all to sell this morning.
Bugpowder: I hope all my friends got out
joecool: i tell them it's a 50/50 on whether they will be successful or in jail in a year
Bugpowder: I just bought 2500 magic cards for some used 5850s
joecool: i'm guessing they spent a good amount of money on pizza parties and don't have enough to fund all deposits
dub: I dont thing the balance check is in yet
jcpham: I thought so too
ThickAsThieves: i think there are a lot of people waiting for the bottom
kakobrekla: i agree
Bugpowder: I know I did
orkaa: i can hear the morning busses
orkaa: hm, i should go to sleep
ThickAsThieves: hmmm this is gonna go lower faster than i thought
pipeline: at least if i had an armored car
pipeline: i would rather drive in philly
joecool: but i guess there could be worse, boston is low on my list of cities to drive in
joecool: pretty much hated the time i was there, hate the city, hate that it shuts down pretty much at midnight, hate the people, hate the accent, yeah all pretty horrible
ThickAsThieves: i lived on one of those alley streets
kakobrekla: i see a coke bottle
Bugpowder: http://www.liveleak.com/view?i=072_1366065507
ThickAsThieves: i lived in southie and west boston, pretty different
ThickAsThieves: ok see i thought i saw all kindsa blood on the ground on the news, i was like did someone explode?
joecool: http://imgur.com/a/riTdO/ << more nsfl pics, the link above i believe that's same guy pic #3
ThickAsThieves: mostly i remember them eatying monkey brains
ThickAsThieves: i survived
ThickAsThieves: i remember watching faces of death as a kid
pgp: I have seen that
mircea_popescu: i've not looked. i'll survive uninformed.
mircea_popescu: i lost count.
pgp: I live in NYC
dub: gf hates tofu but I sneak it in here and there
ThickAsThieves: i'm a stovetop guy
ThickAsThieves: i hate baking
dub: and I'll eat anything
dub: I had some proper prosciutto recently, almost couldnt take it
mircea_popescu: i have a slave used to be vegetarian.
ThickAsThieves: i will say that for some reason lately ive had trouble with energy, vegan and 3 hrs sleep isnt working :/
pgp: i guess my crystal ball isn't broken afterall...
KRS1: wow...i gotta hit teh google on that one
KRS1: I need to try to get over that hump.
orkaa: i'll have to treat myself with a horse burger soon
ThickAsThieves: i'd die without carbs, vegan
KRS1: I go mad.
KRS1: Carbs is the one thing I can't break away from..wish I could.
mircea_popescu: i love lamb tikka masala
KRS1: never ate Indian food I like..
pgp: errr, guys, i think we're gonna break 70 here....
ThickAsThieves: i like spicy foods (any kind of spice, not just hot), Thai, Indian, portuguese
KRS1: Ok I had the wrong definition of culture then..
KRS1: It has to be written? I have learned much about food from Jamaicans, dance from Cubans, poetry from folks from the U.K..
mircea_popescu: i fail to see how this is culture.
KRS1: I have studied with students from abroad, Egypt, Japan, everywhere.
ThickAsThieves: where i am, its nascar and pickup trucks
KRS1: Cubans mostly, but a big mix of everyone..and i mean everyone
KRS1: I am not far from Miami, FL we have a lot of culture here
KRS1: mircea popescu: i bet you can pull some bitches too
ThickAsThieves: i like dreadful weather
mircea_popescu: well... i'm from transylvania actually.
joecool: mircea_popescu: i thought france was a muslim country now
pgp: curiously, I have a trio of romanian developers who have worked for me for 8 years... sponsored 2 of them for h1b's... we joke about romanians in my offic all he time... in a nice way, of course...
joecool: i'm assuming romanians know more about americans than americans know about romanians
joecool: yeah I know there is, I VPN there too, i assumed it was because you don't have laws or something
KRS1: I do know a few things about Romania.