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mircea_popescu: picture john cleese going "well it's not bloody england now is it!"
mircea_popescu: i wonder how many women go around the daily chores of their cocksucking on camera life *thinking* they have saline solution breast implants
mircea_popescu: He's the one who totally won't inject your breasts with cement. Totally not that one.
mircea_popescu: deadweasel nubbins` you know someone on the forum put mircea popescu in quotes ?
mircea_popescu: it happens, irc is fluid, just fix it and forget about it.
mircea_popescu: [KS] eh get out, you're an otherwise smart fellow about to paint himself in a corner trying to argue nonsense of the sake of nonsense.
mircea_popescu: "On the other hand professional also implies that you understand how context works, and will never ever under any circumstances omit relevant context when quoting, especially when such omission changes the meaning of your quote and the quoted then has to point this out to you"
mircea_popescu: MGK: I heard this is the center of bitcoin, hello center << lol i had just missed that. hello mgk. who are you ?
mircea_popescu: this de-facto creates some extra money in the system, and the aggregate is known as "commercial credit"
mircea_popescu: commercial credit is created by any merchant that delivers goods to another but does not force them to pay right off.
mircea_popescu: jesus fuck i can't believe how broken the internet is. anyway, investopedia is wrong. the definition of commercial credit has nothing to do with any bank.
mircea_popescu: anyone thinking they can build a business out of paying ratecard has got a whole other layer of things wrong with their head.
mircea_popescu: but anyway, if you're curious : the last time i bought ads, cca 2006, i simply crossed out anyone who wasn't willing to go UNDER 50% of list price, and just negotiated with everyone else.
mircea_popescu: they just might run $50k worth of ads and pretend they're owed $1.050 mn
mircea_popescu: nubbins` ok, that may be an exception, seeing how nobody is interested in buying ads, and ESPECIALLY not at list prices, so if you're the sort of schmuck that may be tricked into it and they have nothing else to run anyway,
mircea_popescu: generally you let a customer walk with a few k's, then they pay that... takes someone even mid level many years to work themselves up to where they can run a tab in the millions
mircea_popescu: well i don't know how they do it in cyprus, but i've never extended millions in commercial credit on unpaid accounts.
mircea_popescu: no fucking way anyone was stupid enough to credit that dude with millions.
mircea_popescu: "unfortunately confirmed with Niccocia that BREWSTER fled the country with thousands of coins from the IPVO and employees, unpaid employees and milions of dues to local businesses"
mircea_popescu: however, i never realised it, and so i can book a gain on that buy now if i feel like it.
mircea_popescu: see, i bought 60 coins for 1k dollars in 2011. all through 2012 this was ~1k dollars loss.
mircea_popescu: MisterE you already booked your loss no matter what other things happen around you.
mircea_popescu: the ratio between people willing to buy to support it and people needing to sell to pay for their mining is better.
mircea_popescu: ThickAsThieves the liquidity problem of a crypto coin is problematic. i could present the following argument that atc actually has better liquidity :
mircea_popescu: but that aside ltc was always an iffy proposition. and contrary to what the proponents were screaming, it hasn't really been lifted by btc so much.
mircea_popescu: ThickAsThieves well, the forum crowd still hoping to "strike it rich" on their ten bux will proclaim it dead
mircea_popescu: people will expend as much energy as they're willing to expend, how many hashes that yields is a purely conventional measure
mircea_popescu: "To lower the footprint of LTC and retain GPU mineability, the algorithm of our choice is X11." footprint in what sense ?
mircea_popescu: MisterE: heh, I got a little nervous nelly today, thought we were going to test 400, so I sold some coin for 484 that I bought at 505 :/ << that's how fortunes are made.
mircea_popescu: trying to imagine the world is such a mind boggling exercise.
mircea_popescu: just so people of the 2010s at that level have no particular understanding of google as apart from the normal functioning of their browser
mircea_popescu: but much akin people of the 90s though the blue ms explorer icon was "the internet"
mircea_popescu: I wonder if there's anyone who actually said this honestly today, somewhere on the planet
mircea_popescu: ie, stuff nobody cares about anymore but since they're merge-mined there's plenty floating around
mircea_popescu: i suppose merge mining does that, there'll be lots of abandocoins
mircea_popescu: you'll find few people here care about altcoins, outside perhaps atc and ltc, or to make fun of dodge.
mircea_popescu: moiety it's an expense thing. expensive carpeting is expensive to maintain. gorgeous ceilings are a one time only sort of expense.
mircea_popescu: probably not. wasn't it eminently defraudable in some manner ?
mircea_popescu: andyfletcher you happen to have that pic of 5 people, neo "ceo" guy on left, tuur guy next to him then 3 actual adults ?
mircea_popescu: this is what, the... fourth installment of "we shall make our own webexchange and become rich out of lunch money" attempt that blew up ?
mircea_popescu: i think there's enough material of good crazy quality on that forum so far to hack the borg cube.
mircea_popescu: the dank bank was epic lmao. -pr sends me the link with "you have to check this out" in the comment field, which you know, the fuck do i know what it is ?
mircea_popescu: how the fuck would one not is the question. this beats anything steve martin ever did.
mircea_popescu: oh, but nothing can ever dull the pain of dissaproval by a bunch of anon tards on a forum somewhere.
mircea_popescu: and this half pound of hand made chocolate pralines i bought yesterday from the... uh... from the pantry
mircea_popescu: oh you know, all butthurt about how nobody is using mpex anymore because i'm a dinosaur
mircea_popescu: o look who's here. when did the menuls let you out of the cage moiety ?