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mircea_popescu: o wait. we are arguing because you're claiming you can calculate the eps growth.
mircea_popescu: ThickAsThieves it's an indetermination (inf/inf) it'll have to be somehow resolved
mircea_popescu: this will need more research rather than simple c/p stuff that really doesn't work in fiat anyway
mircea_popescu: basically the lot of what i'm saying is that there are no acceptable models to valuate here.
mircea_popescu: this makes the substitute p/b for any other way to get btc in the indefinite future also properly infinite.
mircea_popescu: if one continues to interpolate the current difficulty of mining curve,
mircea_popescu: whenever you seem just about to get it you retreat to declaring you ain't getting it
mircea_popescu: herbijudlestoids only if mpoe is to close shop in 10 years.
mircea_popescu: normally executions are distributed to actual held options randomly, but atm im holding the pre 14th set apart.
mircea_popescu: Bugpowdurr how would they force someone's short position anyway ?
mircea_popescu: atm the entire option thing is quarantined because of the price signal bs
mircea_popescu: in short... this is a complete nonsensical mess of wires sticking out.
mircea_popescu: you'd have to compare s.mpoe mkt cap with an actual corp's mktcap - book value
mircea_popescu: for that matter, even the s.mpoe mkt cap comparison to an actual comp is broken.
mircea_popescu: consequently models developed for evaluating what are fundamentally pmbs can not usefully be applied.
mircea_popescu: no other business in the history of business sits in this position of "can only turn a profit"
mircea_popescu: trying to compare those Ys with these Ys misses both points.
mircea_popescu: mpoe is so structured shareholders can only make a gain. thus Y > 0, X =0.
mircea_popescu: a pmb will reward X% per interval, and decay Y% per interval, with Y > X for all cases.
mircea_popescu: which is pretty much what everything else is, with sparse exception.
mircea_popescu: anyway, let's consider the historical case as it played out. s.mpoe vs pmbs
mircea_popescu: you could invest in good wallet practices just as well
mircea_popescu: but i suspect this is the overarching point here : 1% gains over a century are immense,
mircea_popescu: mike_c this is actually true, tho at the rate we're going by the time btc moneyness reaches balance the remaining inflation will indeed be very low
mircea_popescu: why do people bet on bitbet ? "so they can't spend the btc", sez someone yest.
mircea_popescu: it's 9x% depending how competent you are with wallets and whatnot.
mircea_popescu: but im attacking herbi because he's much too immersed into fiat nonsense.
mircea_popescu: well it's all highly speculative, nobody has the first inkling wtf is going on here.
mircea_popescu: herbijudlestoids seems to me all notions of growth are imported from fiat.
mircea_popescu: so inasmuch as google is worth 1% of all dollars today and 1% of all dollars in 2050, a high price of google stock is warranted at all points because google is important
mircea_popescu: to make eps etc comparisons between btc and fiat, fiat must first be converted on a % of m3 basis.
mircea_popescu: a high price in btc does not reflect an expectation of that thing to grow.
mircea_popescu: fwiw, i don't think the entire "growth" bs is worth two shits.
mircea_popescu: <mike_c> i love quants. "if we assume the market is correctly pricing this stock, then we can derive that this stock is overpriced" :) >> pretty much it.
mircea_popescu: asciilifeform somehow in my mental organisation what you propose comes way after a spec
mircea_popescu: i dunno anyone actually did this, may make for a good blogpost
mircea_popescu: asciilifeform it is actually remarkably stable to fuzzed chains
mircea_popescu: blog on blogspot, make a yahoo stores shop, bank with paypal, wtf is this, reddit ?!
mircea_popescu: 'you know what'd be really retarded ? if we made blogspot-style comment forms like a stand alone"
mircea_popescu: i bet that's how disqus was born, some ycombinated heads were sitting around and one went
mircea_popescu: say by disqus-ing your commenters avant disqus was invented even
mircea_popescu: say by deciding which of your articles need a special click through page.
mircea_popescu: i dunno dood. say by putting a link TO THEMSELVES on your shit.
mircea_popescu: whenever you're done taking it in the ass you can move quickly
mircea_popescu: srsly, static filed and "easily" exportable data ? that's it ?
mircea_popescu: pankkake the extent of your demands makes roses wilt in the fields.
mircea_popescu: of course, blogspot can never qualify for assnob price
mircea_popescu: herbijudlestoids> hullo guys, i wrote a new blog...because i was reading teh log.bitcoin-assets and saw i could earn teh nobel -assets price <<< lawl
mircea_popescu: kinda what verizon and etc have been trying to build all along