352600+ entries in 0.124s
mircea_popescu: i mean work in the sense of being in a constrained space with a bunch of idiots where you gotta watch what's on your screen
mircea_popescu: well no i don't mean work in the sense of doing something useful
mircea_popescu: generaly pseudomonas sp is a good bet for BingoBoingo's purposes cause they're pretty metabolically diverse.
mircea_popescu: it can live off caffeine. it can break down polystyrene
mircea_popescu: this thing is valuable because it can break down pretty much anything
mircea_popescu: speaking of which : pseudomonas putida is the first living thing that was "patented" according to the us courts.
mircea_popescu: and the other who is an alumni of "15 aluminum salesmen to watch in 2012"
mircea_popescu: but i mean if you have two alcoholic bums sitting on a garbage dumpster somewhere
mircea_popescu: doesn't the observation that "soo... if i had been watching you since 2012 i'd have seen nothing ?" come to them at all ?
mircea_popescu: i wonder what the thought process is when some chick ends up putting on her 2 line resume "i was a X to watch in 2102"
mircea_popescu: "Founder @dailymuse, YC alum, Inc 15 Women to Watch in Tech 2012, Advisor @hackbright, Productivity expert, Parisian, Former McKinsey, avid cyclist"
mircea_popescu: basically the consensus of idiots in fiat is that somehow magically the laws of nature have been cancelled for the sake of convenience.
mircea_popescu: " this is a bid for power and the return to the pre-crisis paradigm of "
mircea_popescu: "It’s tempting to dismiss the decision as incomprehensible legalese or the inability of justices to understand that contemporary financial systems rely on a powerful lender or dealer of last resort to weather financial crises."
mircea_popescu: germanz just ruled ecb may not act as lender of last resort.
mircea_popescu: nubbins` you ever found the problem or just nonspecific kludge ?
mircea_popescu: ;;later tell bitcoinpete you should get into the wot and remind me to put you in the bloglist sometime.
mircea_popescu: basically, they had a good idea, got too much resources, fucked up.
mircea_popescu: So they started dicking around with stock options, betting on mergers, the works. "
mircea_popescu: n, and turn it any way you please there’s not going to be room for deplyoing a hundred billion in capital for the purpose of arbitraging minute differences between the 29 y T and the current T. There just can’t be.
mircea_popescu: as explained in
http://trilema.com/2012/the-problem-of-too-much-money/ : "LTCM collected over one billion dollars in capital. If you’ve been following up to here you probably have a question in your mind : what in the world were they going to do with a billion of their own money ? Good question. The fund had access to heavy leverage, as high as 100:1 in many cases. One billion leveraged 100:1 means one hundred billio
mircea_popescu: course in a sense nsa as it is stands in a relation to nsa-as-thus-described about roughly as that merry bunch of Meriwether's thieves stood with THEIR sensible value proposition
mircea_popescu: this, incidentally, is the core and the whole of nsa's value proposition : people sign, subtly, but definitely, what they do.
mircea_popescu: BingoBoingo ironically... relics ? scavenger world ? thermodynamically doomed ?
mircea_popescu: it;s linked from the recent mtgox article, because it's the same pattern
mircea_popescu: have you read the leaked discussions about the historical operation of bitcoinica ?
mircea_popescu: asciilifeform the cribbed source was interesting, yes, in the way of humor.
mircea_popescu: asciilifeform the reason i always encourage people to read the history is quite this : endlessly fascinatingly amusing thing.
mircea_popescu: which it had been consistently refused to turn out to said executor)
mircea_popescu: (mtgox also had some funds held "in escrow" from that debacle,
mircea_popescu: which is currently the only asset some new zealand executor has to try and repay the creditors
mircea_popescu: and in no case was he authorised to "make open source" the codebase
mircea_popescu: they were (illegally) leaked by amir taaki, who in he process exposed sensitive passwords
mircea_popescu: is built out of taking the leaked bitcoinica sources and running them
mircea_popescu: bitfinex (the thing which now is misreported as > 30% of the bitcoin average usd price)
mircea_popescu: mart specifically refers to the loss in backgammon when you lose without having taken out any of your own pieces.
mircea_popescu: "there are waiters who, from all they've heard from conversations and debates of intellectuals, could put away a university professor, especially should they proceed quickly"
mircea_popescu: " Sunt chelneri cari, dupa cat au prins pe apucate din dezbaterile si conferintele intelectualilor, pot face mart pe un profesor de universitate, mai ales daca l-or lua repede."