325500+ entries in 0.076s
mircea_popescu: and i wouldn't worry too much for the entire haxxorz bullshit. we're pretty much in place by now, if it ever becomes pol;itically expedient or economically productive to do so, the entire obsolete fiat industry can be fully interdicted with little cost and little effort.
mircea_popescu: bounce but srsly, what don't you like about the sec release ?
mircea_popescu: obviously they're making it just enough of a not-priority so as to miss out, that's part and parcel of how governments work.
mircea_popescu: GEORGE: Well, it always has to be explained to me, and then I have to have someone explain the explanation....
mircea_popescu: bounce oh, her. that's too soon really, they're still working on having what i said translated.
mircea_popescu: fluffypony no actually i'd say it's exactly right for forum learning.
mircea_popescu: also it makes sense to limit investment to rich people. because poor people are stupid, and their stupidity hurts the market, not just themselves.
mircea_popescu: "This INITIAL PUBLIC OFFERING AGREEMENT (the "Agreement") is made and entered into as of August 14, 2012, by and among Bitpantry, an unregistered corporation ; Ryan "aethero" Schreiber (GPG fingerprint 305C FB53 7F95 EB20 34A2 E72F 6B5A 5086 B24E D539), an individual ; Stormy "lucidlepidoptera" Schreiber (bitcoin address 1J96JXdfY3CYKeqiDASgnaKjLqumfqfSdG), an individual and MPEx"
mircea_popescu: and with that i bid you all a most excellent nighty night.
mircea_popescu: i'm an elitist because i've had the good chance to observe first hand what works and what doesn't and how and why.
mircea_popescu: i'm not an elitist because i got bored daydreaming one day and fixated on that.
mircea_popescu: asciilifeform consider the more apocalyptic scenario : there's no secret currently kept by the nsa that we don't already know.
mircea_popescu: anyway, the message couldn't be louder or clearer : the nsa is being retired.
mircea_popescu: <decimation> the bigger story is that 37% of fed retirment money is invested in a "fund" that has returned %0.82 year-to-date. << and then we cuss out people for "investing" in glbse&co
mircea_popescu: decimation no, at the time, it paid people overseas (and select foreign governments)
mircea_popescu: the gestapo you gotta pay. else the court may not "think"
mircea_popescu: meanwhile the same government paid its own employees a full 100%
mircea_popescu: "Plaintiff seeks to make his case solely upon the theory that, by reason of the change in the weight of the dollar he is entitled to $1.69 in the present currency for every dollar promised by the bond, regardless of any actual loss he has suffered with respect to any transaction in which his dollars may be used. We think that position is untenable."
mircea_popescu: but if stupid consumers did half of it ? then they could buy it... again.
mircea_popescu: wouldn't those have been great if the farmers didn't have to pour 100% of the milk poured,
mircea_popescu: always made me think of the 1930s milk pouring exercises
mircea_popescu: "pour your milk in this hole, we'll pour some more milk after it"
mircea_popescu: decimation used to work fine up until they started hiring idiots.
mircea_popescu: these are very insulted by a flat refusal to allow chumps at table.
mircea_popescu: asciilifeform this takes us to the deep reason mpex is oft maligned on the sm : reddit, tardstalk et all are mostly made up of would-be daytraders, in their own head.
mircea_popescu: asciilifeform sure, the other market participants do want it. the corp tho doesn;t.
mircea_popescu: fifty milion idiots with 10 dollars each made britney spears a reality.
mircea_popescu: well, he has the say of his buy or sell, whatever it is. that's a say
mircea_popescu: decimation for instance, buffett refused small investors precisely for this reason. fuck you, we don't want your stupid.
mircea_popescu: what exact value would one expect from joe the plumber's knowledge of stocks and the world around him to be passed through his 3k into apple's market
mircea_popescu: decimation i'd say it exists because a wide nonoligarchy somehow got the mistaken impression it should have access to the market.
mircea_popescu: the funny part being that this hft thing is a solved problem, mpex doesn't have it.
mircea_popescu: so there's been a sexchange of bitcoin, experts and investors so far. who's next ?
mircea_popescu: Sep 19 23:03:52 <deizel>bitcoinsexchange.com (later a hyphen is added to clear things up, bitcoins-exchange.com)
mircea_popescu: we are discussing quite different things. i said jitney, you proposed to replace it with painting the tape, i pointed out that that's different.
mircea_popescu: they have just pushed the stock price up fraudulently, and don't want to be raped for it.
mircea_popescu: this is generally why scammers bitch and whine about how shorts are bad :
mircea_popescu: asciilifeform someone could sell (even short) your stock, taking "your" profits you paid to generate.
mircea_popescu: also a little more risky, in the sense you may end up beaten to shit by the market.
mircea_popescu: asciilifeform common penny stock fraud. two brokers pass the stock back and forth to create the semblance of volume.
mircea_popescu: asciilifeform nah. jitney is an unsolved problem in the fiat markets either.