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mircea_popescu: this bit of info'd quite change the optimisation, if they had it.
mircea_popescu: Apocalyptic i suspect it's only disrupted by the fact that atc has the sort of backing that makes it not go anywhere. it's nailed straight to the sun as it were.
mircea_popescu: course this is a fact people who aren't familiar with atc history probably easily miss.
mircea_popescu: since they'll be counting the "high" 5k as "low" six weeks later anyway
mircea_popescu: seems the hopper's "optimisation" is nothing but a dream in their head
mircea_popescu: funny tho the lockstep way it works. 1k - 4k - 1.5k - 5k - 2k - 7k - 5k diff sort of thing
mircea_popescu: they used to be 10% earlier this year. then again they used to be 100% a coupla years ago
mircea_popescu: on top of that there's some... maybe 1-2% by now, amateurs that get to jerkoff to the thought that they're "just as much a part of bitcoin AS ANYONE"
mircea_popescu: rack up the fiat expenses so you don't make a profit, take the bitcoin home.
mircea_popescu: bitcoin mining is a perfect avenue for large players to dodge tax, whcih is why the hash is going quite so nuts.
mircea_popescu: One thing to note is that, generally speaking, a Bitcoin/altcoin mining operation is strictly profitable from a fiat perspective. Anyone who thinks they’re profitable from a BTC perspective needs to take a cold, hard look at the data for the past few years, and needs to couple the historical data with the inevitable delays when pre-ordering mining equipment. << this is quite true.
mircea_popescu: i suppose the wanna-be cool dorks love it because it's so BIG and it looks JUST LIKE IN TH MOVIES OMAYGAWD
mircea_popescu: i had no idea they used the barrett as an anti-personnel device on the streets of the asphalt jungle
mircea_popescu: Mark Serbu told us, “I refused to sell my rifles to the NYPD, and when I talked about it online, it blew up like crazy. Everybody liked the idea of a gun law biting the government on the ass. There are only two manufacturers of semi-automatic 50-caliber rifles in the US, and neither will sell to the NYPD. This is like, ‘Screw you, New York.’ People are less safe without our rifles to protect you.
mircea_popescu: luckily we have years of amassed history and discussion to establish what competence/experience are, what they do and how they look like.
mircea_popescu: it's funny tho, that completely disqualifies thyem from any sort of experience or competence in the field
mircea_popescu: "by investing in this company you're buying chunks of a dollar-denominated investment, because they mostly plan to sell your bitcoin and pay off fiat costs."
mircea_popescu: why would fiat costs pose a problem ? it's quite clear why fiat revenues are a problem for reits etc, but costs ?
mircea_popescu: fluffypony " Given how reliant this company is on paying backend costs in fiat" I don't follow this part.
mircea_popescu: or wait, was that, they're planning to actually send congress a budget at all, like required by law ?
mircea_popescu: Apocalyptic they're also planning tobalance the budget
mircea_popescu: "They have something better than WOT. Real names and real business experience." ahahaha help me rwanda.
mircea_popescu: Apocalyptic: I wonder how much US sent them back so far << the us had more sense than to put a clause in there that the matter is to be judged according to frankfurt law.
mircea_popescu: moiety: what will happen next? <<< probably us court will try to confiscate various argentine assets in various countries, further straining its relations with the world.
mircea_popescu: Vexual: can't afford it ? << actually, they could, they just dun want to.
mircea_popescu: pankkake well, it's finite see. the only way they can do something stupid in the first place is by giving it away
mircea_popescu: the stupidity of people holding bitcoin is the one thing that can hurt bitcoin (as evidenced by say the pirate debacle, or by the fact that a million fucktarded stoners managed to give the usg a gift of 20k ish btcs)
mircea_popescu: the archetype of the neobee being, of course, that antonoderpulous guy.
mircea_popescu: these schmucks have sunk in the research and classifieds the typology nao.
mircea_popescu: <asciilifeform> good sovereign << a cryptozoological animal << this reduces to saying there's nothing to live for.
mircea_popescu: check it out, google has managed to erase history. the only winner of nurenberg doesn't exist in the brave new world.
mircea_popescu: the only solution is to pick a good sovereign and stick to it.
mircea_popescu: one day people will hang for just following orders in what once was washington, dc, too.
mircea_popescu: asciilifeform people hung for just following orders at nurnberg
mircea_popescu: medical profession maybe not, but the "mental health" "professionals" definitely.
mircea_popescu: asciilifeform i know dude. the idea is there's no such thing in there
mircea_popescu: Past meds (likely incomplete): Abilify, clonazepam, desipramine, diazepam, Gabitril, lithium, Neurontin, Paxil, prochlorperazine, Provigil, Prozac, Risperdal, Seroquel, Serzone, Strattera, Trileptal, Zyprexa"
mircea_popescu: "Current meds: lamotrigine 300mg, topiramate 325mg, buspirone 60mg, protriptyline 60mg, EPA 600mg, methylphenidate 5-10mg, lorazepam 1mg PRN
mircea_popescu: people thought organic synthesis is a cerebral endeavour
mircea_popescu: before every hick set his garage on fire trying to make meth