log☇︎
351900+ entries in 0.09s
mircea_popescu: course, sovereign debt is quite a differen story.
mircea_popescu: dexX7_ you know, p e singer made a few millions that way
mircea_popescu: pay 1 btc or less on a lark, i can see. like you'd buy a lottery ticket
mircea_popescu: i'm with davout, i wouldn't pay 50 btc for that.
mircea_popescu: discerning the grain from the chaff is a full time professional endeavour
mircea_popescu: thats why we have the wot and on it goes.
mircea_popescu: markov yup. and the nyse and the wh.org and everything else.
mircea_popescu: goxxed what did you pay for it ?
mircea_popescu: anyone can write any numbers they wish on their website
mircea_popescu: and bitcoinbuilder is you know, some website
mircea_popescu: markov http://trilema.com/2013/accounting-for-the-nonzero-asset-corporation-the-mpex-standard/
mircea_popescu: ie, mtgox stole more from coinlab than coinlab stole from mtgox.
mircea_popescu: afaik coinlab is really in the red.
mircea_popescu: dexX7_ because their accounting was a complete mess, and because they never followed the an0 spec, things that'd be normally deductions have no scriptural basis.
mircea_popescu: they've been pretty much lieing at every turn since 2011.
mircea_popescu: markov i wouldn't put much stock in anything mtgox/karpeles say or said.
mircea_popescu: part of it is just expenses, like rubber balls.
mircea_popescu: part of it was lost to an unclear event which may be some sort of dwolla backstab or else some deal or who the fuck knows
mircea_popescu: (this goes right backl to the earlier discussion re "lawyers")
mircea_popescu: dexX7_ part of it was lost to the usg, as a result of karpeles signing false documents
mircea_popescu: markov for a long, long time.
mircea_popescu: it's a good idea to read the logs.
mircea_popescu: you know, i ended up repeating this pretty much twice a day because nobody reads logs.
mircea_popescu: mark0v http://log.bitcoin-assets.com/?date=27-02-2014#534574 ☝︎
mircea_popescu: yes, they were/
mircea_popescu: http://log.bitcoin-assets.com/?date=23-02-2014#523392 < i suspect that is the link you're looking for. ☝︎
mircea_popescu: dexX7_ hm ?
mircea_popescu: mebbe i call them... Burnside
mircea_popescu: jurov i guess i'd just use a diff name
mircea_popescu: https://twitter.com/Mircea_Popescu/status/432923293687885824 aaahhh
mircea_popescu: http://trilema.com/2011/trilema®/
mircea_popescu: for instance
mircea_popescu: davout thjat's how it works everywhere, trade harmonisation etc.
mircea_popescu: jurov thee's a lot of stuff. Pharmaceutical preparations for the treatment of pulmonary, inflammatory and infectious diseases ; Management and organization of multi-purpose exhibit showrooms for others ; Electric and electronic video surveillance installations.
mircea_popescu: lol
mircea_popescu: you can't hold a trademark on people's legal names against their use thereof.
mircea_popescu: but hey, what's the rush to figuring things out.
mircea_popescu: which is why strategically competent people called themselves MPEx rather than BTCex
mircea_popescu: and now is up for grabs by whatever ill intended agency.
mircea_popescu: the only thing is the bitcoin trademark, which was IDIOTICALLY assigned to mtgox by people without a clue
mircea_popescu: mtgox can't even cover the btc it owes the bitcoinica liquidators.
mircea_popescu: everyone takes a 100% loss.
mircea_popescu: "everyone" ?
mircea_popescu: you know, like neobee's geting in all cypruss newspapers (for an undisclosed cost)
mircea_popescu: i just lumped together all the "pr moves" around their first capital injection
mircea_popescu: davout at the time they were throwing money around
mircea_popescu: InfiniteRadio_ what campus is that /
mircea_popescu: about 600k of those claimed 750k happened by 2012.
mircea_popescu: they lost like 50k buying some bs polish exchange
mircea_popescu: jurov they lost about 200k in one go o nthat 1 cent/btc debacle in 2011 if you recall ☟︎
mircea_popescu: that part is true.
mircea_popescu: davout it never was audited.
mircea_popescu: this method vastly overstates it.
mircea_popescu: the20year1: is it provable/possible that gox has 740k bitcoins 'somewhere'? < that figure includes all their numerous historical losses going back 4 years, converted to bitcoin at the time of loss
mircea_popescu: o look decimation had it before me :D sorry, hadn't read the entire log.
mircea_popescu: ;;later tell nubbins` ^
mircea_popescu: of course he's special so he can't really block print, he has to draw.
mircea_popescu: nubsy was doing something like that.
mircea_popescu: it's the only tenet of the assets faith
mircea_popescu: everyone has to look at the logs all the time
mircea_popescu: this sounds familiar.
mircea_popescu: what are these gypsy muzaks
mircea_popescu: we were either coming from or going to the beach
mircea_popescu: chocolate, clothes...
mircea_popescu: well if she ever writes it have her drop a link here.
mircea_popescu: so where are you ?
mircea_popescu: lolk
mircea_popescu: jurov no in this case it's competent self management. i was inches from going "oh go get laid, you're nuts" at him.
mircea_popescu: B007 who'll write it ?
mircea_popescu: use your inflatable tube.
mircea_popescu: good idea.
mircea_popescu: in WATER ?
mircea_popescu: you want to make a tube 4 miles long ?
mircea_popescu: ...
mircea_popescu: cause you're launching it from the ocean floor.
mircea_popescu: then how does it climb 4 miles ?
mircea_popescu: then why's it buoy ?
mircea_popescu: Wtet defines pI - pE
mircea_popescu: Stw defines weight of the entire thing
mircea_popescu: pI-pE defines the strength of the tube wall
mircea_popescu: let pI be internal pressure, pE be external pressure.
mircea_popescu: i think you don't take my meaning. consider :
mircea_popescu: ensures it does not emerge to surface.
mircea_popescu: the tube strength and relative pressure required to not crush it at depth
mircea_popescu: nonono.
mircea_popescu: butwait.
mircea_popescu: how you gonna launch airbreathing rocket 4 miles underwater ?
mircea_popescu: o o that. yeah heard of it
mircea_popescu: benkay notrly ?
mircea_popescu: the subs care, deeply.
mircea_popescu: various us senators make proclamations about how intolerable this is.
mircea_popescu: because pretty crystals.
mircea_popescu: because the undersubs thought it expedient to cut an eighty mile tall hole in the bedrock supporting it
mircea_popescu: sea*
mircea_popescu: soon enough the uk falls into the see
mircea_popescu: meanwhile, in the depths...
mircea_popescu: there's all these people on the surface redditing about shit.
mircea_popescu: i can't imagine a better metaphore for bitcoin
mircea_popescu: they just disciplinedly reorganise the world.
mircea_popescu: nono, these never run amok.