311700+ entries in 2.419s
Scrat: b-b-but im still
a poor beta fag
BitHub: anyway my point is, be
a man and work on making money
Bugpowder: those would be my top 3 reasons for
a wife, in some order.
ezdiy: till 25, people are looking just for
a cheap fuck
BitHub: but at the end of the day right its
a numbers game
BitHub: probably hasn't been with one for
a while
mircea_popescu: girls don't mind eating
a girl out once they figure out it's safe.
Bugpowder: although
a part of my integrity died
Bugpowder: There is
a lot of truth in 'The Game'
Bugpowder: you need
a client that can say, fuck 100% at 10MM, let's try for the 30% shot at 100MM
mircea_popescu: Bugpowder this is incidentally why i never raise offers. i make an offer. any further discussion is met with
a deduction from the offer.
Bugpowder: so when
a defendant finally raises the settlement offer from 1MM to $10MM, the client doesn't piss himself and take the money
Bugpowder: You want
a client that already is rich
gribble: smickles was last seen in #bitcoin-assets 1 week, 4 days, 19 hours, 50 minutes, and 28 seconds ago: <smickles>
a bitcoin atm could be the easiest way to send money to
a friend, each of you just goes to an atm
mircea_popescu: Bugpowder also someone will tend to represent
a 49/51 chance as
a 33/66 chance and
a 1/99 chance as
a 0/100 chance.
Bugpowder: If you give someone
a 50/50 chance of making $1,000,000 or
a 100% change of maki ng $500,000, unless they already have many million in the bank, they will invariably pick the sure bet.
mircea_popescu: actually the proof of this would be
a huge step forward in economic theory.
ThickAsThieves: mp, re: common thought, isn't it
a different situation when the very game IS common thought (speculation)
Bugpowder: but you can tell you are probably in
a bubble and peel off some gains on the way up
gribble: smickles was last seen in #bitcoin-assets 1 week, 4 days, 19 hours, 46 minutes, and 7 seconds ago: <smickles>
a bitcoin atm could be the easiest way to send money to
a friend, each of you just goes to an atm
Bugpowder: maybe democracy is harder to construct than
a spec bubble
ThickAsThieves: right but knowing what
a bubble looks like, allows us to construct it
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.
deadweasel: we actually make very few decisions with our conscious mind. our unconscious makes the decision and the consciousness creates
a story around it make so it feels special about 'making' the decision.
mircea_popescu: it is
a bounty of information and case study for actual economical discussion however.
Bugpowder: I wouldn't believe it if this was
a mature financial market
Bugpowder: I maintain that luck has
a huge role to play here
KRS1: wow i've learned
a thing or two since i've been here
mircea_popescu: we're talking net inflows, the fact someone makes bets worth 10 btc on s.dice doesn't mean he has bet
a total over 1 btc
mircea_popescu: probably. if by long term one means more than
a year or
a few.
Bugpowder: and from
a long term EV perspective, buying at 260 is still positive
mircea_popescu: let's look at this past week (dear lord, it is ONE WEEK) from
a macro perspective. buncha noobs poured 20-25 mn into the fiat/btc exchanges. miners took out
a few mn of that, exchanges took out
a few mn out of that too as fees.
Bugpowder: I think economic activity associated with bitcoin currently supports
a price of ~30
mircea_popescu: Bugpowder meaningful, as in having
a price signal. you're currently unable to make any sort of judgement as to what bitcoin price should be other than "what are others thinking"
deadweasel: i'd rather be profitable than be part of something in
a meaningful sense.
mircea_popescu: i don't imagine
a recoupling is ever likely at any rate.
mircea_popescu: buncha noobs got tjhemselves into
a tizzy. nobody really caresd.
Bugpowder: and the vast majority are in
a panic
mircea_popescu: the vast majority of bitcvoin holders don't give
a shit what the price is.
Bugpowder: ThickAsThieves: 70 might be
a bit rich actually… People will definitely want to buy at 50, but at 69? At 69 people are probably counting their blessings that they can sell the bounce.
gribble: MtGox lag is 4.718365 seconds. During this time, light travels 0.00945555063055 AU. You could have sent
a bitcoin from Saturn to its largest moon, Titan (0.00802 AU).
pgp: how bout that ... new low...
a little sooner than I expected, but hey...
dub: expecially now his loyal mouth breathing fanbase is realising what
a spineless piece of shit he really is
kakobrekla: id get rid of him for free, but his coins are 25$
a pop
Bugpowder: you never want to sell after
a selloff has been going for quite
a while
Bugpowder: dub I think there will be
a bounce
Bugpowder: It has been shown that if you make
a guess, pause, reconsider, then make
a second guess, then average those two guesses, you are more accurate
mircea_popescu: basically you can't initiate
a sepa wire except from an european bank or subsidiary
joecool: i tell them it's
a 50/50 on whether they will be successful or in jail in
a year
kakobrekla: dunno
a friend of mine has been waiting sepa withdrawal 3 weeks now from gox
joecool: so it's
a cycle of sweating and eating pizza
joecool: i'm guessing they spent
a good amount of money on pizza parties and don't have enough to fund all deposits
joecool: support has
a 3 day backlog, verifications has ~2 week backlog
joecool: well new hardware didn't do shit tbh, rate limiting and putting
a check to stop people bidding with empty wallets seemed to help
gribble: MtGox lag is 0 seconds. During this time, light travels 0.0 AU. You could have sent
a bitcoin ... nowhere, really (0 AU).
ThickAsThieves: i think there are
a lot of people waiting for the bottom
joecool: easier to build
a replacement
joecool: that's
a city they should just burn to the ground
joecool: well yeah armored car in philly is
a good idea
ThickAsThieves: rented an attic room from
a single mom who smoked pot in her bathroom
joecool: went drinking in southie
a few times, it's like full-retard boston
joecool: haven't had
a lot of time in southie, mostly back bay
Diablo-D3: dub: fucking supernigger hijacked
a cruise missile or some shit
Diablo-D3: and the news WAS reporting
a third bomb at the jfk library
ThickAsThieves: they said something about
a dark man trying to access secure area
joecool: ThickAsThieves: aljazeera thought it was
a gas main explosion
jcpham: Taking
a beating today
dub: meh, go look up some shit from whereve 'murica has started
a war
dub: mircea_popescu: never watched
a beheading vid?
pgp: ;;eightball is ThickAsThieves REALLY
a vegan?
dub: now she gets
a little sausage erryday?
orkaa: just saw
a guy on reddit had one
ThickAsThieves: look up proportion of meat eaten in
a country compared to cancer levels
orkaa: i'll have to treat myself with
a horse burger soon
joecool: eh it's like
a drug, there's
a withdrawal from it, but then it doesn't matter