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mircea_popescu: punkman: sounds like some honest hard work over there << i wonder how much btc they get paid.
mircea_popescu: everyone's just sell sell sell not even a moment to consider it may be veering into the fucking ridiculous after a while ?
mircea_popescu: tefl/tkt ? holy shit, english teachers are now talking about their connections in the world ? what the fuck is wrong with this world, jesus.
mircea_popescu: obviouisly. scarce resource, expensive to make. gotta be this tal lto ride.
mircea_popescu: it's a market, unlikely it'll ever go over a buck or w/e.
mircea_popescu: and it looks like it's gonna go 12.x, and then x as in 6-9ish
mircea_popescu: dignork that's not the problem. the equation roughly is, "total btc miners get for mining". how that chunk is composed dun matter much.
mircea_popescu: if you look at secular averages, there is a huge jump.
mircea_popescu: real prices don't follow fundamentals exactly. this is how you know they're real prices.
mircea_popescu: what did you think drove the price, "merchant adoption"?
mircea_popescu: that's where this lets go : btc price goes up high enough for it to be worthwhile to miners. that tiny cent.
mircea_popescu: dignork what's that $40 come from, 600ish tx per block, 25 btc per tx, 600 $ per btc ?
mircea_popescu: chetty: How exactly are we to successfully and correctly examine ourselves when the only ?normal? we know is found in the boiling pot of water we presently occupy? << trilema!11!11!eleven :D
mircea_popescu: is this the first time i got called a religious leader btw ?
mircea_popescu: ah, him. well, if he manages to get over himself he might actually do something useful at some point.
mircea_popescu: fluffypony: he literally spoke about the thing that mtgox did that made them vulnerable to malleability attacks << this is a major part of why mtgox debacle was so funny to the old timers.
mircea_popescu: somehow i'd much rather spend my time reading that than listen to songs someone wrote based on poems they wrote (the world needs more singers-songwriters and fewer doctors and engineers!)
mircea_popescu: anyone bored enough to extract the footnote in question from chapter 17, lemmeknow. i got a log to read.
mircea_popescu: and it's funny what actually plays the role of fiat-denominated investment in most cases.
mircea_popescu: this being the main reason. people get so emotionally invested in their fiat-denominated holdings they simply can't adapt.
mircea_popescu: i doubt thinking of those people in collective terms is very sensible, but anyway.
mircea_popescu: this'd be a fine example of the strawman in question. you imagine this is a meaningful question, but it isn't.
mircea_popescu: what i am saying is that you can never have something meanginful to say about a culture from outside of it.
mircea_popescu: so you can do it discreetly if ego wound avoidance is such a priority.
mircea_popescu: no, but should you wish to actually learn about bitcoin, this channel is here.
mircea_popescu: you're not about to tell me what my argument is, now is it ?
mircea_popescu: my actual argument is that you're captive in a mostly meanginless structure, and that it's a shame, basically.
mircea_popescu: well now look. so do you understand the wot or don't you.
mircea_popescu: you aren't yet enough of a something to be insultable im affraid.
mircea_popescu: well, i suppose the way to reference it in your system would be "the wot games".
mircea_popescu: now, whether this session helped or didn't is unclear, but at least i tried.
mircea_popescu: and i left it because it was apparent to me that you don't, on your own, possess the intellectual means to comprehend the problem.
mircea_popescu: i left a comment on an article that pingbacked my article,
mircea_popescu: this is pretty much the gist of the problem. get interested in bitcoin or get used to not being taken seriously, i guess.
mircea_popescu: right. so if you're not interested in bitcoin, why should i care what you wrote down somewhere ?
mircea_popescu: this is readily reducible to the problem of "i have a very high wot score". it's not the number. it's the identity.
mircea_popescu: i don't think you understand how this works. things need a source to exist.
mircea_popescu: if the book had no author i definitely wouildn't read it.
mircea_popescu: Great Chain of Numbers: A Guide to Smart Contracts, Smart Property and Trustless Asset Management
mircea_popescu: RagnarDanneskjol arguably i make a living blogging these days, so who's to know anymore.
mircea_popescu: and as to the earlier point : there is no such thing as "legal ones" re bitcoin companies. there's bitcoin companies, and then there's fiat companies that try to make a buck off bitcoin
mircea_popescu: okay, i'll have to fix that article, no scholar environmental or otherwise.
mircea_popescu: Timothy Swanson Timothy Swanson is an American economics scholar specializing in environmental governance, ... << is this you ?
mircea_popescu: you think this is somehow more respectable than "evironment scholar" ?
mircea_popescu: looky : i've been fran kto you. now, can i get a frank answer to what exactly it is you do, for a living ?
mircea_popescu: now, i may well have misunderstood you. so, what do you do ?