354800+ entries in 0.094s
mircea_popescu: when bitcoin gets close to about pi it's time to sell.
mircea_popescu: number of articles published discussing bitcoin / number of sensible things said.
mircea_popescu: i have a new formula for computing the market value of bitcoin
mircea_popescu: what was the lowest consumer license for windoze, like 50 bux ?
mircea_popescu: BingoBoingo i can't find people to take these easy bets with
mircea_popescu: and so... you know, economic recovery. we've hired more people to do nothing, go us.
mircea_popescu: there are entire career paths financed on the public dole which consist of nothing but pretending like the crap matters,
mircea_popescu: greenspan_fan well, it's like in any socialist state : some people go along because they hope to get something from it,
mircea_popescu: play the "womenz in tech" angle for maximum butthurt later on.
mircea_popescu: go identify who the guys involved are, send girls to fuck each of them,
mircea_popescu: i mean sure, steal and distribute warez, get qt pissed off.
mircea_popescu: greenspan_fan the self-perception of importance is pretty much the whole of the compensation.
mircea_popescu: but hey, you know. cocksuckers making enough to pay for either their own coffee or their own sugar opine on matters.
mircea_popescu: half a bitcoin a month on average. how's that for a bonus.
mircea_popescu: fun fact : back in 2008 (ie, as the crisis hit) denton suspended their bonus package.
mircea_popescu: makes little difference what anyone working for gawker actually said, having worked for it is enough.
mircea_popescu: nah, that's one of those venues which gets blacklisted in integrum.
mircea_popescu: all this derpage re @wesuck or whatever that thing's called reads to me a lot like "o hey we here at dead-fiat-ventures wish to make a last stand against this evil bitcoin empire"
mircea_popescu: i suppose maybe maintain the appearance of things working in the eyes of complete noobs for an extra... hours ? coupla days ?
mircea_popescu: if you put an order to sell they'll just delay it until someone bids enough.
mircea_popescu: ;;later tell bloctoc there is oyur answer : it stopped dropping because they've stopped executing orders under X value.
mircea_popescu: asciilifeform no because each game could only be played once ?
mircea_popescu: it also includes basic crafting and skill training and harvesting and recipes and stuff.
mircea_popescu: then someone emulates quantum computers in a zx80 emulator emularted within a gpu card and bam
mircea_popescu: look throguh the math there, do your own calculations.
mircea_popescu: the computational cost of the network has been calculated, on trilema, it was scary back then. it's way worse now.
mircea_popescu: people are currently desperate to buy stuff to wreck the network with
mircea_popescu: <asciilifeform> idea being, gold was never purely a long-term store <<< this will need fleshing out.
mircea_popescu: threowing a virgin that way once or twice is sensible.
mircea_popescu: roughly we're in the situation of "dragon moved in hillside next to village"
mircea_popescu: not that there's anything wrong with trying anything and everything on the beast.
mircea_popescu: no, it does not "store value" any more than "empathy" as used by the libertard is either human or virtuous.
mircea_popescu: greenspan_fan this seems to me a completely unwarranted generalisation that actrually breaks logic.
mircea_popescu: asciilifeform> time to digest a meal: ~6 hours. does that mean that one should be able to go without meal for ~72 yrs << yes, if they were a payment processor.
mircea_popescu: course this is more of a case of hawala reduces to bitcoin
mircea_popescu: asciilifeform if one takes a conceptual hawala rather than any particular historical implementation, no.
mircea_popescu: this was actually tested back in the old days of mpoe, works just fine.
mircea_popescu: i mean, we can do blockchain propagation and mining via email ffs.
mircea_popescu: greenspan_fan well presumably whatever suspends btc suspends all btc-likes
mircea_popescu: obviously presuming liniarty and so on and so forth, but just for the sake of it.
mircea_popescu: thus therefore, tolerable btc outage should be something like 2 years.
mircea_popescu: tolerable ccp service outage, ~one day, from experience so far.
mircea_popescu: built-in ccp delay on a payment, ~1 second. built in btc delay on a payment, ~10 minutes.