315000+ entries in 0.101s
mircea_popescu: jurov: it should do bait << it should do mp approved bait.
mircea_popescu: i can't wait until people start reading the logs before they think they're being all newsworthy and shit
mircea_popescu: i recall back in 2012 when i was beating the bushes for sane iranian peoples lol
mircea_popescu: aite then. dealing with iran isn't such a bad thing anyway
mircea_popescu: too strong statements put you in the unenviable position that a ready counterexample can be constructed that speaks to what you say, and then your entire argument looks weak, where it needn't.
mircea_popescu: take pussy for instance. pussy is constructed with the average user in mind. it's not shit, that's a different hole.
mircea_popescu: Right off the bat, we see that Litecoin is pitched at the “average user.” This, of course, is a huge red flag that Litecoin is doomed to failure. Anything aimed at the lowest common denominator must necessarily be shit. <<< like what, like air ?
mircea_popescu: if you say "By this logic, it is better to buy half of a pair of boots than a whole car" you are.
mircea_popescu: if you say "<<At around US$30/LTC, it’s more affordable to outright purchase too. >> This author, like many a CoinDesker, is of the mistaken belief that buying a whole shitty thing just because you can afford it is better than buying a part of something far superior. Today, you can buy a million satoshis for $6 or you can buy most of the Dogecoin for sale on the market. Incredibly, some people will actually go for the la
mircea_popescu: ;;later tell bitcoinpete you know, your litecoin article'd benefit from a lot more reductio ad absurdum and other directly-obvious proofs to displace most of the appeals to authority.
mircea_popescu: they seem to not wish to submit, so they will have to be killed, pretty much.
mircea_popescu: this is also why stomping out us influence in bitcoin is quite so critical for its survival at this juncture.
mircea_popescu: guy knew EXACTLY what was going to be going on, back in... 2009.
mircea_popescu: ore disastrous, as with the most recent one. Each attack is hugely successful, and after the cataclysm that the attack causes the attackers are hailed as saviors of the poor, the oppressed, and the nation generally, and the blame for the the bad consequences is dumped elsewhere, usually on Jews, greedy bankers, speculators, etc, because such attacks ar
mircea_popescu: The big and easy government attacks on money target a single central money issuer, as with the first of the modern political attacks, the French Assignat of 1792, but in the late nineteenth century political attacks on financial networks began, as for example the Federal reserve act of 1913, the goal always being to wind up the network into a single too big to fail entity, and they have been getting progressively bigger,
mircea_popescu: seductive, and S. 190 goes down in flames before a horde of political activists chanting that easy money is sound, and opposing it is racist, nazi, ignorant, and generally hateful, the recent S. 190 debate on limiting portfolios (bond issue supporting dud mortgages) by government sponsored enterprises being a perfect reprise of the debates on limiting the issue of new assignats in the 1790s.
mircea_popescu: Then knowledgeable people complain that the evil financial network is heading for disaster, that the government sponsored enterprises are about to cause a “collapse of the total financial system”, as Wallison and Alan Greenspan complained in 2005, the government debates shrinking the evil government sponsored enterprises, as with “S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005″ but they
mircea_popescu: Government sponsored enterprises enter the business, in due course bad behavior is made mandatory, and the evil financial network is bigger than the honest financial network, with the result that even though everyone knows what is happening, people continue to use the paper issued by the evil financial network, because of network effects - the big, main issuers, are the issuers you use if you want to do business.
mircea_popescu: but re the paper conundrum, take this ancient quote : trilema.com/digging-through-archives-yields-gold
mircea_popescu: yeah, it's been through the years the most popular scam. "deposit lump sum, we'll pay you a few %s of it a few times. annuity ftw!"
mircea_popescu: early bank paper (banknotes) stoood to gold in a very similar relation. "deposit your gold, we'll pay 5976597985%. in gold. or maybe paper"
mircea_popescu: but even on a market of garr and nasty fucktards, it's slowly emerging
mircea_popescu: the only reason this isn't the rule now is the relative small size of the deals, which makes cluelessness seaworthy
mircea_popescu: it's cheaper to pay a few % and pretend like you've paid than to not pay at all.
mircea_popescu: all the "everyone made ROI hand over fist with a 60% btc loss" crowd will be well served.
mircea_popescu: (stuff like "deposit your bitcoin with for 50% per annum!!1" small print "repayable in either bitcoin or fiat at our option")
mircea_popescu: increasingly more respectable firms will be offering btc denominated savings accounts with a fiat clause as the cheapest most accessible way to get in the game
mircea_popescu: on the short term, 2015-2016, it'll be AMAZING what sort of interest people will be able to earn if they don't actually want their bitcoin capital back
mircea_popescu: <jurov> if i scale down the craziness, maybe tongue implant would actually work.. to pay or gpg sign something, one has to lick the electrodes << im not fucking licking anything
mircea_popescu: french employment. where good pr0n is only a lick away
mircea_popescu: well it doesn't have a vest, but anyway. got pockets and everything
mircea_popescu: in unrelated news, my pyjamas have little octopuses on them, my table is an inch of glass, i prop my knee under it while sitting. 3rd fucking thims this morning i had a peripheral vision panic of "WHOA WTF ARE THOSE"
mircea_popescu: i was about to say davout got 51 problems and a horse ain't one.
mircea_popescu: pankkake whoa shit, they're getting close to the 100 btc cutoff ?!
mircea_popescu: it's not a sale anyway. if anything, it's good news for you.
mircea_popescu: pankkake you don't have to use the exchanges. you can just undercut los_pantalones here :D
mircea_popescu: how about you know, derps paying voluntary stupid tax (again)
mircea_popescu: jurov kinda nonsensical. if he dumps the price he gets competition.
mircea_popescu: "The company will publish financial statements and certified audits frequently to make calculation of operating expenses transparent."
mircea_popescu: i dun recall them actually delivering 5k of the things, they had a limited supply prolly bought off some suprluss deal.
mircea_popescu: pankkake how many coins would that be? << the early (only) bfl delivered miners were commercial fpgas, so you know... a lot.
mircea_popescu: "also bitcoin was under 5 in spite of us secretly doing 140% of network hash on our 6k bfl miners self-delivered early by about 17 months"
mircea_popescu: "we also knew what chips bfl had sanded off in 2013 way back in 2011, which allowed us to beat them to the punch by two years but keep quiet about it"
mircea_popescu: "we of course can not offer any documentation to this claim, nor have we learned to gpg yet, because this is all very common of big ticker 2012 miners"
mircea_popescu: "During years of engineering time, we have built a network of partners, resources and contacts in Asia, Europe and the USA." yet the best they could do was still havelock.
mircea_popescu: asciilifeform: ThickAsThieves: if document is genuine, this is likely a 'marketing scheme' for the usg blacklist crap. << if it is it'll backfire, ppl get to learn first hand just how harmless btc actually is by telling these folk to stfu / ignoring them
mircea_popescu: jurov: but upon presenting them, namworld sid he can do better and old logo was actually okay << hey, my vote won!
mircea_popescu: but then what's that scrape when blackberry wouldn't give its keys to some foreign, i don't recall, russia was it ?