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mircea_popescu: one day we'll find out exactly how important it would have been
mircea_popescu: i suspect it's one of those things like wearing condoms
mircea_popescu: the trollbox may have some value, but that value is not visible in how much doge goes for.
mircea_popescu: you going on about how the trollbox is worth thousands of btc because some scammer somewhere traded what he purpots to be 1% of some crap with himself at an implied valuation of fiddy billion
mircea_popescu: if one day btc-e pulls a vircurex and lists itself as an asset, and pumps the price like they do
mircea_popescu: there is absolutely no relation between the content bs and the acquisitions/mkt cap game.
mircea_popescu: " make billions of market captilization / acquisitions, and all they do is hold onto content that users have put there willingly under a license that gives"
mircea_popescu: you have a large number of mistaken assumptions baked in, tho.
mircea_popescu: cads so basically you'd like this to be worth a lot is what igather.
mircea_popescu: this proposition is frequently revisited but empirically always shown to be false.
mircea_popescu: cads so you're saying that the owner's profits from the franchise are dwarfed by the various leeches' ?
mircea_popescu: so the owner made like 400mn total, and they sell a lot of crap other than this stale meme.
mircea_popescu: 2013 full-year net revenues of $4.08 billion were flat with 2012 revenues of $4.09 billion;
mircea_popescu: Hasbro Reports Fourth Quarter and Full-Year 2013 Financial Results and Declares an Increase in Quarterly Dividend to $0.43 per Share
mircea_popescu: but moreover the prevalence of pedophilia is such that it look smore like the bitcoin hash debit than anything.
mircea_popescu: which is how i got to hear about it, the anthropologists keeping track of the decay of the us cultural space noticed that it's not just that holywood can't make a film that's not either a very bad socialist tract or else a drug chain
mircea_popescu: ie all the people who find child porn either too expensive, too risky, or too socially inacceptable to directly discuss.
mircea_popescu: so bascially in the 21st century middle aged men are mentally infantile.
mircea_popescu: yeah but chat gets pretty hot and you're new, so. one never knows.
mircea_popescu: as in, not have to rollover any day/week/whatever loans
mircea_popescu: actually because of how credit works you can sort-of rolling-window-daytrade
mircea_popescu: herbijudlestoids anyway, don't let any of the foregoing impugn on your intelligence or usefulness for the space.
mircea_popescu: (which again is proven by the diff curve, with its attendant problems, and by the fiat/btc prices, and by a thousand other glimmers)
mircea_popescu: herbijudlestoids i r sorry but it is. pretty much any assumption of market efficiency in any bitcoin market is touched in the head.
mircea_popescu: herbijudlestoids stop being so fragile. he just said you're presuming the market is efficient and therefore oyu're stupid
mircea_popescu: currently bitcoin is woefully inefficient : people get beaten into shit, they turn around and reimplement the same thing.
mircea_popescu: see ? that's what mike_c was basically saying originally.
mircea_popescu: obviously the seats in the one restaurant which serves food go by "how much people hungry can afford to pay"
mircea_popescu: the value of the only asset which yields a + is pretty muchj... infinite
mircea_popescu: can't fucking apply numeric methods on something this conceptually fragmented.
mircea_popescu: and obviously, "dude it's a scam through and through" is a third.
mircea_popescu: for that matter, the other angle i can't reduce or disprove is "very small certain income > any other alternative, seeing how all other assets are -EV so far"
mircea_popescu: herbijudlestoids you seem strangely immune to the currency notion.
mircea_popescu: but yes, to complete the story : for all you know s.mpoe is the fractionary reserve of the btc superrich. for all you know s.mpoe is the doge of assets. for all you know s.mpoe is the golden ticket people dream with.
mircea_popescu: twtr value is defo not derived from any economic activity
mircea_popescu: herbijudlestoids there's no compelling reason to believe the price of mpoe isn't derived from its value as a currency.
mircea_popescu: o btw... the bitcoin guild in rift ? biggest thing on server.
mircea_popescu: and in general, the safe assumptions in fiat are at the very least suspect in btc.
mircea_popescu: wherein a number of large players keep pushing back and forth holdings of s.mpoe as tokens of credit
mircea_popescu: such as for instance as roughly the equivalent of a discounted us fed
mircea_popescu: another : maybe s.mpoe is becoming monetized in a particular manner,
mircea_popescu: (don't get me wrong, i get the ample wtftude involved here. i humbly submit it's not because of me but because of fundamental issues stemming from the nature of btc)
mircea_popescu: what makes you think you can calculate the eps growth rate implied by the market ?
mircea_popescu: herbijudlestoids perhaps not the best expression of the concept, but anyway.