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mircea_popescu: in other words, giving "yourself" 100% trust arbitrarily is not well borne by experience.
mircea_popescu: on the grounds of everyone having managed to lost more wallets in the intervening two years than bitcoin
mircea_popescu: this is not actually correct. btc on mpex books are more valuable than btc held by users, (and are traded as such)
mircea_popescu: 6:11:48 PM CheckDavid But btc on their books are less valuable to shareholders due to the risk of.losing them and other factors.
mircea_popescu: CheckDavid: dignork: I find it hard to conceive of a business that can't think of expansion . << efficiency of capial deployment is the issue. read buffett\s letters to investors, he covers it in detail
mircea_popescu: the fact that there's no one doing it now simply reflects the fact nobody is currently giving a shit. not something ytou can rely on as you change the incentive structure
mircea_popescu: and stop relying on incidentals. if there's any value to fucking you over, the nonstandard txs will be accepted by everyone.
mircea_popescu: kakobrekla, left him a comment, curious if he publishes it.
mircea_popescu: they were lolled at for asking for miner gear purchase receipts from people who indicated the btc source os "mining" for months nao
mircea_popescu: asciilifeform: re: bitstamp: if the story is true, they've fucked their public goat. << the story is both true and not really new.
mircea_popescu: because they load it in the mempool and chainmine for all its permutations
mircea_popescu: see the thing is, your system may actually SAVe the miners thousands of dollars.
mircea_popescu: yeah i see. thing is... why'd you want to play it this way rather than the normal way ?
mircea_popescu: punkman: MP goes away, the logs dry up, for shame << i dunno dood, I've been working to catch up for three days. in between picking up hawt brazilian chicks in the street and shoveling steaks
mircea_popescu: "viscous personal attacks" dub ?! quick, call the interwebs poleese.
mircea_popescu: kinda funny how self important those fuckwits are jeez.
mircea_popescu: omfg check out the complex excel sheeting for 5btc or w.e it is
mircea_popescu: benkay: didn't mpif have a float of n at t=0 and then shortly thereafter had a float of n + m? << 1mn, then as that sold out 2mn
mircea_popescu: jurov: UKs first exchange with access to the banking system... but..we're actually doing casino first? << is this that dunne guy that was here recently ?
mircea_popescu: bitcoinpete that's in like, palenque in mexico, arenal in cr etc. tourist traps with shitty pipes. otherwise not a concern.
mircea_popescu: pankkake: and conscription is undoubtely slavery << all education is slavery.
mircea_popescu: <bitcoinpete> mircea_popescu: nubbins` canada looks scarier and scarier. <<how so?? << icebergs and shit
mircea_popescu: ok and with that im caught up with the 23rd. omfg you people talk A LOT
mircea_popescu: gravy train coming to an end, in a decade nobody will even remember who bezos was.
mircea_popescu: but perhaps... it's cheaper than a car and doesn't need your foot on the ground like a bike ?
mircea_popescu: "It has just been announced now that UTA, the union of bus drivers, will convoke a full strike for ALL buses(colectivos y micros , which means city and long distance buses) for this Wednesday, 28 May starting at 0000 in ALL OF ARGENTINA!."
mircea_popescu: anyway, the trick with suing is to make up your mind quick and let the papers fly the next day.
mircea_popescu: fluffypony, apparently diogenes kyon was perpetualloy both, is still remembered.
mircea_popescu: and you two as well as anyone interested is invited to a full debate of this matter, to take place statring 8pm today, my time. which is roughly in nine hours. then maybe we can get to the bottom of it
mircea_popescu: bitcoinpete: i would've thought he was the exact opposite << this, incidentally, is how you know you've buddha'd. various people reading your stuff come to exactly opposite conclusions on fundamental topics such as "what is the purpose of meaning"
mircea_popescu: princessnell: not exactly keep living, but maximize probability of the highest possible degree of genetic transmission. but you get my drift. << iget your drift, i just don't perceive any substance to it. can you prove your purpose is more to convey your own genetic material than to convey the genetic material of the e coli you're very comfortably keeping at a pleasant temperature deep inside, and strive to keep well
mircea_popescu: lol i c. so what did htey test, the secretaries' lower piping ?
mircea_popescu: capital doesn't belong with the idiots currently holding it. they don't know what to do with it, other than pay people to falsely claim they do know what to do with i.t
mircea_popescu: which is why the rape of the people with fiat by bitcoin is so fucking essential.
mircea_popescu: benkay: the people with the money to implement dumb crypto things are never going to select professional services people for execution who say things like "what you are trying to build is not possible to build". << pretty much exactly.
mircea_popescu: i wouldn't run a server on ubuntu, but if making a system for an ex windows person prolly still best choiuce,
mircea_popescu: gotta try around a little. as is typical of open source, diff things work for diff jobs.
mircea_popescu: artifexd: I was thinking about Ubuntu but apparently they suck for reasons that are unclear to me. <<< dependency hell and a bad case of code rot.
mircea_popescu: thestringpuller: password is used in two places unfortunately two very important places << that was a pretty shitty password.
mircea_popescu: so you get mpex-audited float every time yoyu pay a dividend.
mircea_popescu: benkay: afaik there's no way to evaluate the float on mpex. you just gotta trust mircea_popescu. << no, this is why the dividend payments work the way they do. mpex will a) not let you pay fewer shares than there are and b) issue you a signed receipt which includes that number.
mircea_popescu: benkay:HeySteve: nonsense. << it's not nonsense in any way. naked shorts are the instrument of evil. women should be always naked, shorts always covered. the us is doing it exaclty backwards.
mircea_popescu: hl et all or else do half a bitcoin's trade out of 500 idjits.
mircea_popescu: benkay: I was thinking of starting a general shorting fund - sell shares that mimic shares in every way (pay same divs, buyback at vwap after X months). sell the shares at a discount to make them more appealing than real shares << mpex did this early on, but it was a political move to crush the idiots that thought they can make a glbse club. i doubt it'll be financially productive, you'll either fake volume a la btct
mircea_popescu: asciilifeform, so now you finally get to sleep with your work ?
mircea_popescu: bitcoinpete: there honestly aren't enough hours in a day to document "all the scams" << he may well have a pooint.
mircea_popescu: asciilifeform, suggestion : move to istanbul for the week. free airfare if hyou got the miles, like 100 a night for downtown hotel
mircea_popescu: well in cr they never destroyed the pipes, what can ido