311200+ entries in 0.066s
mircea_popescu: yeah. it was hidden in neobee's real world brick and mortar airplane warehouse
mircea_popescu: oh, ocean cops ? i hear bad things about their sirens.
mircea_popescu: different phone numbers have different amounts in them
mircea_popescu: im pretty sure utilities are required to report the top 5% iirc it was consumers in dormitory neighbourhoods.
mircea_popescu: led to avoiud the high energy consumption police screen for sort of thing ?
mircea_popescu: so today being a week since S.WOL floated, mike and i each got 2`250`000 shares deposited.
mircea_popescu: i have no idea how could one be more offensively impolite than making a contact page and then putting in a form.
mircea_popescu: ians realize the dollar system is not in their interest, and they are going to leave it. . . . If any significant part of the world stops using the dollar, the price of the dollar falls because demand for dollars falls, and the import cost for America would rise. When you see how import dependent we are, it would mean a substantial rise in the real cost of living for most Americans.”
mircea_popescu: On the Ukraine crisis, Dr. Roberts says, “I think Washington badly miscalculated this whole Ukraine business. It was an act of hubris, arrogance and stupidity. They are mad at Russia for blocking their attack on Syria and blocking their attack on Iran. They said ‘we’ll teach them.’ We’ll give them trouble in their own backyard and not to get in our way anymore.” The threat of sanctions has made the Russ
mircea_popescu: where did all the guys that used to argue with me about the fakeness of usg published figures go!
mircea_popescu: h quarter. Most likely, this coming quarter, they are not going to be able to hide the fact that it is negative. . . . I am convinced the first quarter was negative, and I don’t see how it could possibly go positive in the second quarter.”
mircea_popescu: On the steep drop in GDP growth of a paltry .1% in the first quarter, Dr. Roberts says, “What I find most amusing about this is they had to claim some real growth in the first quarter; so, they eked out .1%. Now we know they got that by rigging the inflation number they used to deflate the gross domestic product (GDP). The real GDP in the first quarter, properly deflated, was negative and probably also in the fourt
mircea_popescu: difference goes to having "duly authorised" badge to show.
mircea_popescu: asciilifeform shouldn't be 100%, should be more like w/e vat is
mircea_popescu: actually i'm kind-of surprised nobody has yet made a bitcoind/bitcoin-qt which takes a few out of every tx and sends it to author.
mircea_popescu: much like bitbet, there's ways to have edges here too. mostly on the vol/vol angle i guess
mircea_popescu: you try to ensure it by calling them "open", but alas...
mircea_popescu: benkay this has the advantage that it's a provably fair stochastic process.
mircea_popescu: mike_c i was thinking, i didn't even know this shit was possible.
mircea_popescu: thestringpuller i was using btc as a unit of account stylistically, to underline the lulz that is fiat.
mircea_popescu: benkay if one's in the business of making money out of nothing, one's stuck doing it.
mircea_popescu: then if you need 1k btc to cover your profile you just take yields to 0.1%. or w/e, 0.00001% if need be.
mircea_popescu: where if you have 100 btc at 1% while the yields atr 0.5% you book a 200 btc passive.
mircea_popescu: looking forward to the "cash-basis bond evaluation" becoming a thing with us banks.
mircea_popescu: sure you got drowned in spit, but they didn't mean anything by it.
mircea_popescu: it's not delusional, per se. it's just that china is large. when you're that large, spitting in every vessel isn't particularly noteworthy.
mircea_popescu: any more than all the uninhabited towns they built. they got scratch to waste.
mircea_popescu: china has a long history of making horrid public investments. that there's currently a china fed does not realy commit china
mircea_popescu: i think equating the part of china propping the us currently with china is at best naive.
mircea_popescu: irrespective of their motivations, whether they're there cause they're trying to fuck a guy's daughter or becaue they're drunk
mircea_popescu: all the byzantine generals serving the same camp ARE in that camp,
mircea_popescu: for the purposes of the macro discussion those others are the fed.
mircea_popescu: tyhis has the disadvantage that it bubbles up the stock exchange and (again) real estate
mircea_popescu: their balance sheets consist entirely of worthless paper that has to be overvalued.
mircea_popescu: which is why fake low yields are so important for the us financials atm :
mircea_popescu: if yields go down, everyone's old bonds expand on the books
mircea_popescu: so bonds being worth less really means the market's going to shit for the issuer. such as you know, default looming or w/e
mircea_popescu: it's a very schematic model, but for the basics : if yields go up low yield older bonds are worth less
mircea_popescu: now, i issue series B, 1 btc bonds paying 5 bitcents/month for 1 year.
mircea_popescu: ok, so i issue series A, 1 btc bonds paying 1 bitcent/month for 2 years.
mircea_popescu: do you understand how bonds are priced, for that matter ?
mircea_popescu: pankkake shit's gotta be rounded, otherwise children could who knows, give themselves a new cunt on the corners of the thing
mircea_popescu: seems to me it's god damned necessary, people should stop hiring phantomcircuit
mircea_popescu: Goldman Sachs filed with the New York Supreme Court, requesting "emergency relief" to avoid a privacy violation and "avoid the risk of unnecessary reputational damage to Goldman Sachs."