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mircea_popescu: on this tiny romanian exchange Naphex's been trying to get into shape
mircea_popescu: it's basically just a scaled up version of the atc thing
mircea_popescu: anyway. BingoBoingo how would you like to do some btc/usd arbitrage for me too ?
mircea_popescu: last time i used stamps i was making lolpasties for tits.
mircea_popescu: "here's a debentures package in exchange, worth 5 trn. good deal for you"
mircea_popescu: asciilifeform they do, to the same degree huge sums move in us banking system.
mircea_popescu: holy shit. this is almost as good as the music industry.
mircea_popescu: "Once the tobacco is on the compound, the pouches wholesale for 50 books of stamps, or $300 each. Each pouch is then broken down into 80 to 100 tiny rollups that cost one book each, or six dollars. A $3 pouch of Bugler ends up retailing inside for about $600—a 20,000% markup."
mircea_popescu: kinda what business is, staying above of an ever rising tide of sour.
mircea_popescu: the interval between where the bet event unexpectedly took place and the time when the mod got around to closing the bet is by its nature variable
mircea_popescu: because it's not fixed, because the bet event can resolve at any given time,
mircea_popescu: currently it works like so : if your bet makes it on bitbet after the bet is closed, it goes to dividends. if your bet makes it before it's closed but after an arbitrary time selected by bitbet mods, you get it back minus 1%
mircea_popescu: which is improper, it's not your place to make that decision. it's bitbet's.
mircea_popescu: has it become common sense that if you run over someone you back your car up ?
mircea_popescu: imagine, something finding even better hiden queens ? it'll be centuries baby.
mircea_popescu: people arguing about how bitcoin will be obsoleted by "better tech", like that w3c muppet are mostly talking out of their ears.
mircea_popescu: similarly, the fiat interdiction on theft, or the bizarre expectations of forumers (whoi mostly live in fiat, cause they're not smart enough for their culture to be programmable by themselves), indignant at hao dares bitbet not "refund"
mircea_popescu: in this sense, the fiat taboo on counterfitting is nonsensical, but we didn't notice this to be the case until bitcoin mapped better on the actual reality.
mircea_popescu: it's nonsense to see such a rule in poker, per se. but in the context, as they're trying to map shit to a deck of cards, it makes sense. the change is due to the flaw.
mircea_popescu: like, "but you only get 2/3 of the pot if you win it with a qh" or w/e.
mircea_popescu: so if they're playing poker with bad cards (say, easy to recognise the queen of hearts) they may cut the queen of hearts game utility.
mircea_popescu: they're obviously in no sense unfair, but they do break the mapping, which is undesirable.
mircea_popescu: much like kids playing insta-ban specific behaviours they perceive as "unfair"
mircea_popescu: but the theory predicts that specific changes will be observable to reduce or mitigate the damage due to the particular vulnerabilities.
mircea_popescu: and an important point is : practical implementations will be more or less neatly mapped on the theoretical requirements. they may still function
mircea_popescu: it's to be expected we'd live in a world of gashes and slashes for a while.
mircea_popescu: currently the entire thing is "hey guise, check out this shit i made. i call it... a box cutter. it cuts everything"
mircea_popescu: "The Bureau of Prisons views any bartering among prisoners as fishy" << funny, seeing how they trade is mostly macks.
mircea_popescu: they're separated in theory, like your pulse and blood pressure are separate
mircea_popescu: i guess if your wotcoin actually works so that every user gets 10 coins for every other user present
mircea_popescu: in a much softer sense than before, this'd be practical.
mircea_popescu: the fact that the points do not conserve. think of a medium of exchange as a family.
mircea_popescu: kinda why doge is a dodgy scam : cause their coins don't conserve.
mircea_popescu: but your proposition was that the rating points are the moe.
mircea_popescu: "About 150 soldiers from the 173rd Infantry Brigade Combat Team (Airborne), based in Italy, are heading to each of four countries — Poland, Lithuania, Latvia and Estonia — in rotational deployments that the Pentagon says will be sustained until further notice." herp.