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mircea_popescu: now how the fuck can women tell who the violent males are ? he looks totally harmless to me.
mircea_popescu: the consensus in the harem seems to be that these chechen boyz (as typified by todashev) sure are pretty
mircea_popescu: some california producer that made butter out of its own milk was forced to stop selling it because it had an unfair advantage.
mircea_popescu: asciilifeform ThickAsThieves amusingly, there was recently a very similar case re milk.
mircea_popescu: moreover, the whole thing is begging the question. "how do you make money if you know how to make money already ?" "in the manner you know".
mircea_popescu: sort-of like saying "i have no need to use computers because i already know what 2+2 comes to"
mircea_popescu: sure, but that's an entire different story than what we're doing here.
mircea_popescu: misses the point that you'd have to construct that inefficiency first, which precludes the use economically.
mircea_popescu: so in general arguing "in this inefficient case the inefficiency could be used like so"
mircea_popescu: (ie, in a free market neither the gru nor the nazis could have existed)
mircea_popescu: asciilifeform no, they did not. see, it wasn't a free market, but at the other end of things
mircea_popescu: (trivially, your curiosity as to what's inside a watch isn't worth the pirce of a watch)
mircea_popescu: it's unlikely you'll be able to breach the former in order to benefit the latter
mircea_popescu: in general action (pull plug) is caught in a web of actions
mircea_popescu: no see, because you confuse information and action here.
mircea_popescu: but because bitcoin allows such fine payments, you're right, you can do this on a cup of coffee
mircea_popescu: course, i think they were talking of something else. inasmuch as there can be "something else" in the swamp.
mircea_popescu: novusordo that's not realisation. when you sell it, you report the income.
mircea_popescu: i dunno who'd live in a jurisdiction that takes any other tack to the problem, or why.
mircea_popescu: seems to me the only sane treatment of btc is as any other intangible, taxable only upon realisation.
mircea_popescu: asciilifeform the difference between cement and btc is that i can hit you over the head with the cement.
mircea_popescu: wao-ender this is going to take a year rather than a weekend.
mircea_popescu: asciilifeform could even have tournaments. who makes the most out of 100 btc or w/e
mircea_popescu: write a google search application that finds answers to bets based on queries derived from bet text,
mircea_popescu: ie, here's a very simple way to have fun as a bright young programmer :
mircea_popescu: something like "x on winner, half x on loser for all bets" or w/e other strategy
mircea_popescu: generally speaking mechanical, constraint betting results in better ev than "feelers".
mircea_popescu: anyway, 5.x btc profit on a 70ish btc budget as a handicapper is really not that bad.
mircea_popescu: mike_c the point about "it dun really matter so much to correctly identify the house" stands too, for the angle discussed in chat.
mircea_popescu: ha! the house clears 10% ? i had it pegged at about 8%
mircea_popescu: 1. take first 3 bets. 2. exclude one. 2.1 either the 1st, if it has the same exit addy as one of the other 2, and the two have same weight, or else the 3rd.
mircea_popescu: but the two you keep always have the exact same weight
mircea_popescu: mike_c the one you exclude a) always has the same output as one of the remainder two and is either made at weight 100k
mircea_popescu: mike_c the correct selection for house bets is to take the first three bets of any wager, and exclude one of them
mircea_popescu: now i look at the market, prices fell an average of 40% across all product classes.
mircea_popescu: also in the news, i took about a week off because of all the press nuttery, during which i stopped buying raw materials
mircea_popescu: aaand trilema, teh rift guild just went over 1k members