318600+ entries in 2.26s
mircea_popescu: so then let's make
a new deal : you can't refund btc, you can't take btc.
Chaang-Noi: i think there is
a rule that you have to wait 3 months after ordering or something
mircea_popescu: but basically people get
a 95% haircut if they refund, so...
mircea_popescu: to prop, you know, stick
a bit of wood in the way of
a collapsing wall
mircea_popescu: but yes, you can make
a pretty penny if you have the capital
Namworld: It's
a game with huge losses and huge gains...
smickles: "There’s
a reason supplying works
a certain way. I order the goods, you deliver the goods within
a couple of days and get paid within
a couple of months. NOT the other way around. Never the other way around." mircea_popescu you must have
a look at the kickstarter model
Namworld: true. There's
a minimum price for options.
error4733: gentleman be ready ! i'm bullish but i smell
a huge correction !
kakobrekla: > goat: well yeah, you know, this almost sounds like
a scam :/ [on BFL] <- lol your standards
tiberiusiv: really would like to see
a stronger bid wall
smickles: at face value, that looks like
a hard short
tiberiusiv: 10 min wage in
a poor place like QC lol only in canada
tiberiusiv: namworld: you are so full of it im not going to continue, the government in canada classifies anyone under 22k
a year as poverty
Namworld: But really, from what I know, you're not on 3rd hand clothes or living on fast food on minimum wage. You have plenty of good food, new clothes, decent appartment and eveything on
a minimum wage. No car, no vacation. But you have enough money, can spare to make savings and have sufficient extra money to spoil yourself
a bit.
tiberiusiv: because you can move to
a warm state and at least have the climate
Namworld: Unless you buy
a new car every few years
Namworld: Although
a bit cheaper than what you say.
Namworld: and you don't need
a car, it is almost impossible on minimum wage.
Namworld: tiberius... I don't know of anybody with
a car costing them 600 per month...
tiberiusiv: you need
a car in ontario and the running cost is high
dub: smickles: got
a kayak setup with sonar etc
dub: smickles: I go fishing maybe once
a wekk avg over summer
smickles: dub: fishing is awesome, even when since i had enough money to not have to do it, i still like pulling
a fish out of the river for dinner
Namworld: I like
a little bit of luxury in my diet tho.
smickles: tiberiusiv: i don't know you, but you might benefit by traveling
a little
dub: if you think eating mcdonals 3 meals
a day is living well..
mircea_popescu: meanwhile 15k
a year in romania gets you two households with their women and children
tiberiusiv: namworld: in canada to live well, ie go on vacation once
a year and have stuff you need to earn 15k
a month pretax
Chaang-Noi: in AU
a guy drives
a truck on
a mine and makes $150k
a year...
tiberiusiv: ive never seen such
a population loaded on credit
Namworld: Well don't buy
a 650k house in Ontario man...
smickles: yeah,
a good part of how i did well on 7.5/hr was that i cooked my own meals, had
a veggie garden
Namworld: Chips are not 4$ and smokes... well really, smoking does cost
a lot.
tiberiusiv: car insurance 200-400 on
a honda civic per month
Namworld: WTF MAN! You don't need
a freakin 1500/month appartment or eat 10$ meals at McD to survive!
dub: mircea_popescu: I pay
a lot more than that in mortgage repayments too
jborkl: realistic lowest wage paid to
a adult is about 11
smickles: mircea_popescu: it was
a better vehicle than the 82 mazda b2000
tiberiusiv: canadian government classifies under 24k
a year income as poverty
smickles: plus, they often refused to work more than 20hrs
a week
Namworld: You can rent for 500 USD/month and have
a 80$ monthly pass for public transit. Minimum wage is 10$ per hour so 400 per week or over 1600 per month. Cut 25% in taxes.
smickles: the scooter was awesome b/c it had
a small enough engine that the state considered it
a bicycle
tiberiusiv: people were paying 200-400
a month in insurance from 1-2 speeding tickets lol
tiberiusiv: its impossible to live in canada without
a car
tiberiusiv: i was just in ontario for
a few months
tiberiusiv: namworld: anywhere else you need
a car which is impossible to afford on min wage
Namworld: 1 room appartment is too costly. Take
a large one with co-tenants
smickles: I had
a 1 room apt until i had enought to buy
a plot of land and
a cheep ass trailor
smickles: min wage in 'merica is sufficient for survival if you arn't
a fucking dumbass
smickles: i worked at
a taco bell, saved up some money, bought some land
tiberiusiv: i find it hard to believe you can survive on 150
a month
mircea_popescu: tiberiusiv about like italians, maybe
a little better.
Chaang-Noi: if add in the dividends that is like 1 btc
a share
mircea_popescu: tiberiusiv let me give you
a very good example that just happened recently.
tiberiusiv: i think you made
a good choice vs new zealand
jcpham: i heard about that on
a TEd talk once
[\\\]: all the fail in the community isn't
a good thing.
mircea_popescu: [\\\] of course he has
a point. old elite gettingstomped is always
a good time to nostalgia.
tiberiusiv: i thought the depositers got
a great deal in cyrpys
[\\\]: jcpham: I actually thought he made
a good point
TomServo: regarding cyprus, how in the WORLD does
a topic like that just get bandied about in politics?
tiberiusiv: fincen recieves so many suspiscious transactions
a day its impossible to analyze them all
tiberiusiv: during
a default fractional reserve lending works backwards and fiat dollars are destroyed, making the existing ones worth more
mircea_popescu: tiberiusiv confirmation time is
a function of the ratio between implied hash and actual hash.
mircea_popescu: get rory & bruce in
a fingertrap, 2014 sees 1mn asics delivered
benkay: probably not as smart as
a new york whore
benkay:
a southern california stanford student would suffice
mircea_popescu: and then i could find
a foxy chick to train for this mission of infiltrating amd top brass
dub: as
a core developer, i look upon all Avalons as my son. i will send them to who believe us, not the faithless or buzzard.
mircea_popescu: this way when somebody makes
a real run, it's dented somewhat
mircea_popescu: and in
a sense it's good that
a bunch of no starter corps did it first
mircea_popescu: benkay no, actually, asics are
a crucial step in securing the network.
benkay: it's also hellza tricky to manufacture your own chips. not that i know from experience, never having sunk shitloads of money into
a litho run and subsequent processing (knowing how much things cost in the first place).
benkay: they cost
a lot of money, and deliver
a lot of hashing power to the purchasing entities.
[\\\]: mining with
a gpu IS
a miner
dub: im actually feeling
a lot better about my bfl preorder now :)