311300+ entries in 0.087s
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."
mircea_popescu: aren't they basically the start-up predicated on the notion that square made simple geometric shapes bankable ?
mircea_popescu: noob traders generally don't understand that the trinity is price, volume, volatility.
mircea_popescu: suppose i bet 5 btc on "mp has three heads", then turn around and put 100 on the other side.
mircea_popescu: suppose i notice that any 5 btc i bet is followed by 20 btc in pamm bets.
mircea_popescu: take just one model of an avenue of attack. suppose i have a known bitbet address, which is up 20% to date.
mircea_popescu: it'll prolly work fine for as long as a very small fraction of trades are done this way.
mircea_popescu: ThickAsThieves it's a great idea in theory whose greatness in practice depends on not being used.
mircea_popescu: kakobrekla i tell you honestly that's like the best customer support i've seen to date. you make me fucking proud.
mircea_popescu: you gotta keep in mind we're discussing this country where they have rooms where if anyone screams "freeze" all the adults just.. freeze
mircea_popescu: pankkake: if it's what I understand (being paid bitcoins not fiat) << pretty cool actually.
mircea_popescu: “Why would you shoot a child that is suicidal? You are there to save him, not finish him off.”
mircea_popescu: Virginia High Schooler Threatens Suicide, Police Arrive and Kill Him
mircea_popescu: well yes. both slow and thick mean dumb :). however, slow is a good fuck and thick a good ass, so...
mircea_popescu: random factoid of the day : mongols used to call themselves "tata". the chinese called them daddy. that's the origin of the term, in all its permutations, big daddy and what have you.
mircea_popescu: i was like... what sort of tatar tribe from 1700 did this guy grow up with