log☇︎
320000+ entries in 2.573s
mircea_popescu: if i call it a stock exchange i actually mean the words.
Namjies: I often forget you want to manage MPEx as a stock exchange and that the fee I paid is actually to get a "seat" of sort.
Namjies: I suppose considering this, it makes a lot of sense.
Namjies: Well I see the point of not managing low income assets. Not worth the support. However for traders, there's always trading fees. But to avoid providing tech support to them, keep them out with a large fee. Enters coinbr which acts like a brokerage firm. And requires a monthly fee for having an account and higher trading fees.
mircea_popescu: for instance, so you understand better that i mean : in the discussion for psychoticboy's asset relisting, mpex got 1 vote, out of like 30.
Namjies: I suppose this is what coinbr is for tho.
Namjies: The way I see it, if they're not good investors, there's not really any incentive to protect them from entering the market. Any purchasing power small or large pressures prices up or down.
mircea_popescu: at the macro level (which is what i do for mpex) you are well advised to use macro tools. a barrier to entry for instance.
mircea_popescu: i don't think the two are a different thing.
mircea_popescu: i want to keep people unable to meaningfully contribute in the market out of it.
Namjies: I would have though so.
Namjies: I always wonder if you willingly make your initial statements seem like an extremist "never" to promote discussion or simply for the sake of keeping it short.
Namjies: I often end up wondering, why are we arguing on the topic?
midnightmagic: I ruined the first two sets of pork bellies, and the farmer was so pissed off at me for ruining the mean (even though I'd paid for the damn stuff) she made me butcher the last one myself.
midnightmagic: If my Dad hadn't the foresight to insist I keep my BBQ as far away from the house, I would be homeless right now.
midnightmagic: I smoked my own heritage bacon a while back. Did I tell you about that?
midnightmagic: I've been trying out some nice smoked meats.. shinckenspeck.. what prosciutto wishes it were.
mircea_popescu: lol i know people who'd pay 100+
midnightmagic: $10 for it. That's an okay price, I would pay for that.
midnightmagic: I am not prepared nor financially capable of providing for basic human needs and wants..
midnightmagic: For a long time I just tried to convince them of a better way to think. That doesn't work, basically ever. The last decade or so I've been trying to refine civil human compassion.
mircea_popescu: so i gave the salesgirl 60 and told her to give the guy food worth of the change
mircea_popescu: there's very nice farmer markets here. i bought 56 lei worth of smoked cheeses and other nice stuff. there was a beggar there, when he saw my cashroll he got all excited.
Namjies: But yes, people should not be systematically helped, on that I agree.
midnightmagic: I have to find a better way to do it.
midnightmagic: I try to help people..
mircea_popescu: and i help people all the time. the catch is that i never help people in systematic ways.
mircea_popescu: i agree.
midnightmagic: I'm pretty sure we have achieved a matched set of priors. :)
mircea_popescu: and i agree.
Namjies: That's exactly what I said.
Namjies: Ah. Here, I am simply considering the benefits of protecting individuals on which harm is done. (and not helping someone is not harming him)
mircea_popescu: Namjies i don't propose that. i am just pointing out the inconsistency involved.
mircea_popescu: i mean, "society" was in consensus earth is the center of the universe. lalala, big deal.
mircea_popescu: Namjies i do not propose society not be based on consensus. i just say we need to understand thinking is an anterior, more important thing than society.
midnightmagic: When I say "reality" I mean, "What a single human believes is reality." Not the objectively measurable thing itself.
midnightmagic: I eat half an apple all the time.
Namjies: Well I suppose they are indeed not really citizens.
mircea_popescu: i was using it in the social participation sense. citizen.
Namjies: Well, yes, I would still do. It depends on what you consider "human" however. I'm using it refering to the specy.
Namjies: Hmm, well I don't approve of persons having sovereignty over life and death of any human being, even kids.
Bugpowder: but many people are more optimistic about ASICs than I
Bugpowder: i do
mircea_popescu: Bugpowder an important point here is that i would imagine actual margins being blown to be rare.
Namjies: Ah, so being legally allowed to have beer makes humans humans now? That's probably one of the weakest argument I've ever heard you say.
Bugpowder: Well. I gotta sleep. I have put some trial contracts out for sale. If they don't sell by next Weds, I wonder if potential buyers will understand that the contract is not an auto loss for them at my ask.
mircea_popescu: ya i was gonna say, that's risky.
mircea_popescu: Bugpowder im really very much interested in discussing this in depth, i think it's very important.
Bugpowder: but with this collateral scheme, I'm going to sell for over .097 to protect myself.
Bugpowder: for example, I was going to sell for .0888
mircea_popescu: i mean i guess alternatively i could just shave the collateral each quarter, and return it.
mircea_popescu: that aside, i agree the system is imperfect for these reasons, but i see no alternatives.
Bugpowder: So a price of over 0.097 for the MAR contract is not a guaranteed loss for an asset buyer on the open market, since collateral reqs are at 0.28 right now. Will the buyer be able to know how many contracts are at the low and high level? I imagine that would factor in risk/reward and purchase price calculations
Namjies: How they act. They can't control his brain as far as I'm aware.
mircea_popescu: i think we're talking at crosspurposes. yiou mean for future asset buyer or creator.seller ?
Namjies: Yes. I'd approve with the deserving kid part. But there is an issue with that. If we exclude a kid for not making any effort/causing trouble, what do you do?
mircea_popescu: Namjies i would agree, but every deserving kid. it's important.
Namjies: I however hardly approve cash handouts and I'm saddened by the inneficiency of government at providing.
Namjies: And on my point of view, I would like to offer every kid a chance at education regardless of the parent's means as well as health care. That would be purely based from personal priorities.
mircea_popescu: i don't mind the experience, really, but it's unconscionable to pretend like it didn't happen.
Namjies: It might not be impossible... but so far large governments are very inneficient as far as I care.
Namjies: I was about to say, don't it all boil down to what priorities each individual has and what they are consequently willing or not willing to pay/be taxed for?
Namjies: I'm all for government having certain responsibilities. Others don't or want different responsibilities.
mircea_popescu: i mean, it works once a semester or something. but it can not be the whole curricula.
Namjies: I've seen high-school/college level teachers having such teachings.
mircea_popescu: “I'm a young and involved activist about to start my double major in environmental studies and politics, and I'm very, very angry about what is going on in this country. I blame this country's problems on the exploitations of corporations and a blind worship of the "free market" and "self-regulating capitalism" (Tell me, how does that work again? Oh yeah, it doesn’t morons). Following the deregulation of the banki
mircea_popescu: as in, music doesn't suck today, it's just i have divergent tastes to the world.
bonafide: I agree
mircea_popescu: and i guess now i'm the go to rightest-wing guy in btc huh.
mircea_popescu: if taxes were a reasonable 0.08% i guarantee you jessica simpson would be back to waitressing.
bonafide: I know
mircea_popescu: of the thousands of people who saw it and hundred+ that talked to me about it, i got 3 submissions.
bonafide: mircea_popescu: I have an idea
mircea_popescu: a fine example : i made a contest on my blog, for peopel to write fiction. reward was 5btc minimum + up to 100
mircea_popescu: but don't assume he is for me and expect i give you the money.
mircea_popescu: convince me he is and i might pay it.
Namjies: I don't see why we should exclude good individuals on behalf their parents are retarded/bad.
mircea_popescu: if it's inclusive i don't want to be part of it
Namjies: I can hardly see how I can expect a 5 year old kid to pay his first year of primary school. The whole costs...
smickles: I think that means homeschooling
mircea_popescu: i was ranting about how the eurozone is not good enough for romania to join earlier.
Namjies: Regardless, I'd feel better off if even the worst individuals would still get that education. They're already bad enough with it.
mircea_popescu: anyway. that aside health i can see as a function of govt, in many cases. mostly trauma.
bonafide: me, living in the US... I see people using depression as a scapegoat
Namjies: But I do agree education is quite soft on kids.
Namjies: Hmm... that sounds somewhat cliche. I don't see many people acting that way. I might be blind tho.
bonafide: I'm so sick and tired of this self esteem crap
mircea_popescu: i mean primary school.
mircea_popescu: i would rather have millions of smart kids die iliterate than billions of idiot kids think it's ok to give their opinions when adults talk.
bonafide: I agree education needs to spending
Namjies: I'm not really against socialism... at least not for the health/education part. Probably the only thing I approve spending for is education/health. I would not mind helping others for that. Money handouts however...
mircea_popescu: bonafide ids i guess
smickles: mircea_popescu: posted. let me know if i've made an ass of myself :D
smickles: well, when it happens, i may change
smickles: so i should sell about a third of a contract at say 03400000 satoshi
smickles: i'd be like that one guy and netflix or soemthing
smickles: I'd like to short it, but i dunno
mircea_popescu: ahh, i nearly forgot, tomorrow the rota starts!
smickles: alright, i've come up with a fair price for idiff.dec
Namjies: I wanted those 280 shares and wondered if I'd hit into my own sell order.