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mircea_popescu: o yah, yeah i think ytou were added to the list back when
mircea_popescu: nah, there's some extra bytes to be able to brick asics
mircea_popescu: benkay, pretty much th estory of business since niniveh
mircea_popescu: but all in all this is a fine example of why i said in the past that bitcoin fucks everything up. it ruined the notion of bonds similarly.
mircea_popescu: granted that the form of it favours your interpretation
mircea_popescu: this seems to me to fly in the face of the ~fundamental~ point of tangibility
mircea_popescu: they're just as tangible now than before, what are they worth ?
mircea_popescu: mike_c, consider one of the safeguards is used and bricks a generation of asics.
mircea_popescu: a dream machine made out of a block of obsidian is tangible too ?
mircea_popescu: also seems they have no intention to even try doing amortisation accounting on the mining rigs
mircea_popescu: seems a scary tight margin put in those terms, but who knows.
mircea_popescu: mike_c, i guess the sane construction here is they're paying about 100mn to the various manuf etc to make their chips, and they expect to mine 200mn worth of btc
mircea_popescu: it would help if the people covering the most important thing happening in the world these years would be at leas tconversant in its basicsa
mircea_popescu: fluffypony, at the time there were about 9.5mn in total in existence, of which ~1mn still locked as today
mircea_popescu: i ddin't miss the part where th sec dutifully cribbed the mpex numbers from trilema.
mircea_popescu: obviously not people with even 1 year's worth of cc business.
mircea_popescu: but it's not directly obvious how. who the fuck does wsj serve these days anyway ?
mircea_popescu: its a fucking start-up, they didn't hear of stock options in georgia ?
mircea_popescu: mike_c, what i want to know is, if you ignore tax, interest, depreciaiton and everything else
mircea_popescu: Mats_cd03: how long does it take for BB to deposit winnings following resolution << a maximum of two days
mircea_popescu: "and expects $210 million in revenue for this year, on $120 million in EBITDA, Mr. Kikvadze said"
mircea_popescu: "BitFury Group Ltd. last week secured one of the largest rounds of funding in the bitcoin sector, bringing in $20 million."
mircea_popescu: yeah that's the thing, it never goes away anyway, so...
mircea_popescu: bitcoinpete: mike_c: didn't know that about altcoin… i don't know why i thought it was a costlier project << nah, thickasthieves was running lean at the time :D
mircea_popescu: Mats_cd03, has a good point, physics i agree is very very close. for exactly the same reason
mircea_popescu: math models are a lot easier to access, yes. not nearly as useful tho, not generally.
mircea_popescu: how deep to the water table is perhaps what you're discussing, whereas how much water in that spot at all is maybe what i',m saying.
mircea_popescu: suppose there's a land, and under this land water table, and above names of places.
mircea_popescu: well, we may be talking at cross purposes, let me try and model the difference.
mircea_popescu: rent way cheaper than tuition, results way better than degree,
mircea_popescu: i suppose the start-up approach to studying law in the us is getting a small apt close to the campus of a good law school and fucking all the older profs for free.
mircea_popescu: math is a prime tool of making one stupid, even in sane places (such as the soviet union)
mircea_popescu: there's nobody aliv ein the us qualified to teach philosophy to any degree.
mircea_popescu: granted this doesn't justify the tuition. but then again i've yet to meet the person that studied law and was worse for the wear for it.
mircea_popescu: my point is more that if you aspire to not be fucking stupid, pretty much the best avenue in the us colleges today is law.
mircea_popescu: but my point was not about the direct practical application
mircea_popescu: princessnell, as in too many duke grads unemployed to the point you get idjits a la tucker max writing "novels" and then moving on to "financial advicering" ?
mircea_popescu: fluffypony, you may underestimate the bezzle. what's whatsapp sell for i forget ? 50 trillion ?
mircea_popescu: princessnell: bitcoinpete i almost did the same and went into law. dodged a bullet there! << what's so bad about law ?
mircea_popescu: code has failed in production we'll shut the startup down, start a new one, buy the old one out, and then repeat. We call this Multi Startup Synergistic Prefailure, and it's inspired by the work of Tsukino Usagi. << you know it's pretty much how this crap works irl.
mircea_popescu: moiety, well, i have women to drive nuts, so it keeps me sane. it's like a gift.
mircea_popescu: just because they're after you doesn't mean everything's a meta.
mircea_popescu: pankkake, were you the one with the "with cia agents" zinger, you multiminded psychopath you ?
mircea_popescu: ;;later tell Phinnaeus it doesn't cunt if i wasn't there!!!
mircea_popescu: fluffypony, remind me to tell you about the ONE bdsm meet i ever attended
mircea_popescu: davout, basically, it's romania of the 90s/ny of the 70s.
mircea_popescu: i don't even know moiety. still working at having everything up and running, moving an entire cc across the continents is an involved task
mircea_popescu: no but you see, that's who they are and what they do. what do you want ?
mircea_popescu: it;s not really intended for the comsumption of the etsy crowd.