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mircea_popescu: Al Gore asserted that it’s crucial for global philanthropists to impose “fertility management” on Africa.
mircea_popescu: i didnt get to lulz yet, still working on you know, actual things :D
mircea_popescu: kinda planning to announce the management rooster today, you'd be the 5th.
mircea_popescu: (it's roughjly the equivalent of a normal ib liquidity clause)
mircea_popescu: this is also good because it gives some anchor to the fund
mircea_popescu: you get a 10% cut of the results, report your trades monthly.
mircea_popescu: ima make you a s.mpif manager, give you 50 BTC , your job is to try and make a profit trading s.mpif of mpex.
mircea_popescu: it goes like this : the s.mpif is going to be reporting its assets monthly. meanwhile it will probably trade. there should be a mechanism to buy/sell shares to ensure the market stays liquid and more or less alligned to net value. so what i want to do is :
mircea_popescu: rithm is not voiced, so he can't say anything about thatg :D
mircea_popescu: every single pirate investor "made money". until they didn't.
mircea_popescu: ask jurov, ask bugpowder, ask duffer ask what, dozens of people.
mircea_popescu: you will get fucked one day, and that day you will lose more than all your aggregate gains.
mircea_popescu: it's an exact restatement of "driving faster than i can handle the car while drunk is safe, because i got home alright"
mircea_popescu: (keeps everything, including the posts scamtalk.org mods try to hide)
mircea_popescu: this is a poor argument. if you read the logs you'll see you're by no means singular in making that error.
mircea_popescu: said by a 6 yo puerto rican kid on the lam to a 50 yo retired blonde prostitute.
mircea_popescu: "Fuck! He don't know the score. He sees a dame like you and a guy like me. He don't know."
mircea_popescu: CheckDavid jus' sayin'. in the end you do what you gotta do, but always better if you know the score than if you don't.
mircea_popescu: fluffypony happens all the damned time. i know like... two lawyers that ever successfully litigated the sort of shit
mircea_popescu: that's why founderds deals work informally, and VCs deals not so much.
mircea_popescu: informal only works if you're either part of the core or part of a group that can squish them.
mircea_popescu: always very easy to find out which. just, need a little experience in business.
mircea_popescu: it's building their equity. either they pay for it or you get a share of it.
mircea_popescu: in NO case do you work for a startup on a comission basis wtf is this, the land of where they get shit for free ?
mircea_popescu: anywya, if you're working for a start-up you want either equity or a salary.
mircea_popescu: yeah it's kinda how large deals work. industrial equipment is a perfect example.
mircea_popescu: item sells for 10k, profit is 1k, make 1% of net sales or 10% of net profit, same deal, you make 100 bux per item
mircea_popescu: so i guess it's just an arbitrary different comission %
mircea_popescu: even if bounce would like us to believe they;'re smart, the record is actulaly that they're devious instead.
mircea_popescu: as teh observation goes, all nsa successes to date are social engineering, not mathematical.
mircea_popescu: ie, that it's not accidental, but deliberate, as part of a broader govt sponsored industry agreement to keep mobiles weak cryptographically
mircea_popescu: i suspect the reason why good crypto is a hassle on smartphones is exactly what one'd expect.
mircea_popescu: CheckDavid if you're doing business, then you're definitely doing business with someone here at some point, or with someone they know.
mircea_popescu: the idea is that if you don't trade you prolly don't need voice.
mircea_popescu: you gotta get in the trustlist of someone assbot trusts
mircea_popescu: anyway, i don;t think the SOPS appreciate the seriousness of the problem. once people are actually willing to fight anyone you fucking name, to the death, your days are quite numbered.
mircea_popescu: Leon Humphreys remained adamant yesterday that his right to fight a champion nominated by the Driver and Vehicle Licensing Agency (DVLA) was still valid under European human rights legislation. He said it would have been a "reasonable" way to settle the matter.
mircea_popescu: A court has rejected a 60-year-old man's attempt to invoke the ancient right to trial by combat, rather than pay a £25 fine for a minor motoring offence.
mircea_popescu: the channel is difficult to sort for all but the most advanced of wizards
mircea_popescu: o hey, wywialm didja read my fundamental thing on economics ?
mircea_popescu: but see, suppose you wanna eat her out. what do you do ? full shower ? sink acrobatics ?