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mircea_popescu: mike_c yeah ok, sure. facebook is paying 20bn for bitpay because gallipi & his sister gave zuck such good rusty trombones.
mircea_popescu: the best construction for btc value conservation is if their management is good enough to copy s.mg, and basically they just take the investment turn it to btc and wait
mircea_popescu: for that matter, in no acquihire do the investors see a dime
mircea_popescu: i know they keep derping about how merchants went from 4k to 40k, but... w/e
mircea_popescu: i don't even recall, did they publish their total processed / gross fees for q1 ? 2013 ? anything ?
mircea_popescu sings .. i'm the king of the repartee, the asshole vip...
mircea_popescu: mike_c and notice that my lines are so very much longer too :D
mircea_popescu: obviously they're not cash-positive if they need 30mn now on top of the 10mn before and the 2.8mn before that or w/e it was.
mircea_popescu: it's sufficient for my strategic needs for it to be under par.
mircea_popescu: i'm not incentivised to sell it too low, i don't need the liquidity.
mircea_popescu: davout right as in what you say is true but it doesn't have much to do with the previous
mircea_popescu: mike_c also, this is a dilemma crafted for your shoesize. so, reits are bad right ? how about seits ? where s stands for ... shit i guess.
mircea_popescu: davout i know. that's kinda how the mpex synthetics ruin the life of these people : they make understanding what's going on so much easier.
mircea_popescu: davout yes, because they're fuckwitted leeches and instead of helping grow btc they just try to leech it for fiat profit.
mircea_popescu: leaving aside the fact that they very well can't buy even 10mn worth of btc.
mircea_popescu: davout the people who invested in bitpay took the same bet really.
mircea_popescu: mike_c when you say backup guess, do you mean you had two human language strings hash to the same md5 ?
mircea_popescu: i think we're seriously the most charitable people in bitcoin :D
mircea_popescu: you were nuts giving me even odds on a prop like that btw. i mean srsly, am i known for predictability or what,.
mircea_popescu: good thing he hosted it on pastebin with like the minimal features and all, i know of no server setups even dedicated that could have served 533 people since april.
mircea_popescu: ya dude, totally so many people. it's like a downpour of people.
mircea_popescu: leaving aside the part where his "opinions" turn out to be wrong, "hits:533"
mircea_popescu: "24/04/2014 Since so many people are asking privately about my opinion of BTC/USD price direction so I thought I would write something for everyone."
mircea_popescu: fluffypony he's also not mentioning the part where bitfinex is a scam ran by the marginally retarded on stolen code.
mircea_popescu: gotta maintain marketplace discipline, as well as all know our own place in this world.
mircea_popescu: not happening, that sort of thing. they come and line up when i say
mircea_popescu: pankkake> I'm not sure it's smell. it's like greasy air << it's the smell. boiled hooves.
mircea_popescu: you think the guy with the "largest house in north hollywood" is taking a discount because it's so big ?
mircea_popescu: all the best-in-class mansions are overpriced for being best-in-class
mircea_popescu: <mike_c> and 10k house in 3k neighborhood sells for 5 < no it doesn't
mircea_popescu: it can be 11 when it's in the 3k average neighbourhood
mircea_popescu: if people used the noggin, a 10k house in a neighbourhood with 30k average houses would sell for 9 not for 11
mircea_popescu: "come live in this shitty house that's overpriced instead of underpriced as it should be, because you pay less-than-class for out-of-class items, always. just so you can imagine your kids get better education"
mircea_popescu: does it have some world class cabaret i never heard of or something ?
mircea_popescu: what's so ritzy about it ? seems a dorm town like any other
mircea_popescu: mike_c 4 bedrooms, that's what, between 6 and 12 people ?
mircea_popescu: ill be damned if i pay half a million paperthings for something with "one and a half" bathrooms
mircea_popescu: The house is listed for sale at $444,900 through Fast Track Real Estate Co. of Waldwick, N.J. Built in 1950, the 1,830 square-foot house has four bedrooms, one and a half bathrooms, a recently-updated kitchen, a garage and an unfinished basement.
mircea_popescu: <fluffypony> my favourite thing about those logs is how dub hasn't changed << yup he still delivers.
mircea_popescu: Apocalyptic that's how 2012 was all around. that's how people like hearn and maxwell ended up with the notion they're useful or whatever.
mircea_popescu: <davout> i really don't get the fetish -assets has for this usagi guy << he's diligently stupid and has been for a long time.
mircea_popescu: <TheNewDeal> I hope the price drops like a rock until that auction then just skyrockets back up << lol
mircea_popescu: BingoBoingo it's piss anyway. some us side fund will buy it, sell it to us, then lose the records. usms can suck it.