358800+ entries in 1.138s
mircea_popescu: the only problem is that they're not decentralised, that's why.
mircea_popescu: MisterE in this case it makes me giddy too, i've a boatload of puts.
mircea_popescu: herbijudlestoids can you proceed through reductio ad absurdum ?
mircea_popescu: random_cat same as always, the bitcoincharts usd basket
mircea_popescu: this distinction, which may appear without a difference, is actually the whole story.
mircea_popescu: you see, if your liver relases glycogen, this is because of X, not because of X'.
mircea_popescu: your body is not aiming for a state in that sense, but merely proceeding from X.
mircea_popescu: it would seem you are substantially both the same thing doing the same thing : having identified a "better" state and labouring to enact this notion of yours into reality.
mircea_popescu: herbijudlestoids the us economy is in state S, obama intends to move it to state S'.
mircea_popescu: so you perceive no point of contact between the two whatsoever ?
mircea_popescu: how is this different from obama trying to "restart the economy" ?
mircea_popescu: so you were not trying to turn a profit, but to build up the ecosystem.
mircea_popescu: jimjenkin depends what your criteria are, but i dunno why it would generally matter.
mircea_popescu: mike_c also why slaves are the most educable. they own nothing, are immune to nothing, have no choice but tu learn.
mircea_popescu: so you said hail mary before stepping on the battlefield. so ?
mircea_popescu: <mike_c> <sigh> you want to learn your lessons when they only cost $9 or when they cost more? << the problem here is, of course, that people will waive their immunity to reality when reality is still powerless. this kind of puts a low bound on everyone's education, and this is why it's so much cheaper to educate poor kids.
mircea_popescu: so what you're saying is basically that my question can not be answered, in that you can't in retrospect establish if you were or were not trying to turn a profit.
mircea_popescu: amusingly, this is pretty much bitcoin-fiat dialogue, personified.
mircea_popescu: jimjenkin norway has the advantage it doesn't need to build self-sustaining system, because they're getting free money from the sea.
mircea_popescu: were you trying to turn a profit, were you trying to improve the atc ecosystem, what was it ?
mircea_popescu: so what were you trying to accomplish ? because it seems one of those polymorphous things which changes under examination.
mircea_popescu: herbijudlestoids anyway, it's nothing as heavyhanded as "a lesson" blabla, it's just we apparently all seem to see sometyhing there.
mircea_popescu: and generally, the ideology surrounding bitcoin is that these two are irreconciliable, and the 2nd is wrong.
mircea_popescu: meanwhile obama did very poorly trying to "restart the economy" from the top down
mircea_popescu: but merely out of a bunch of things following my rule above.
mircea_popescu: herbijudlestoids no but see, the argument is that nature did well enough populating the earth without trying to populate the earth
mircea_popescu: herbijudlestoids think in terms of autonomous entities. like say an insect, or whatever. its survival as a type and as a species depends on interracting with an unspeicifed envronment a certain way.
mircea_popescu: herbijudlestoids you're focusing on the wrong aspect here. nobody is proposing you should be hanged, the argument isn't that o woe, you lost your dwelling and your woman and your future playing barbute with teh atc market.
mircea_popescu: to reiterate my earlier q : why are you so convinced a high price is better than a low price ?
mircea_popescu: jayk ah, nope. they claimed it was some slovenian band but it turned out to be a scam
mircea_popescu: not saying it isn't necessarily, but curious as to the rationale.
mircea_popescu: incidentally, why are you two so convinced a high last trade is useful or important ?
mircea_popescu: yes well you gotta cut me some slack here, i deal with nude bands of amazons on a biweekly basis
mircea_popescu: btw kakobrekla since you're not doing anything useful anyway, approve some bashes ?
mircea_popescu: either what you do is profitable and sustainable, or else it isn't. we have a word for that latter.
mircea_popescu: how is it unsustainable, selling btc for atc at above diff implied price ?
mircea_popescu: Apocalyptic you're always going to be low on funds. this is bitcoin.
mircea_popescu: traditionally "i had a plan, gotta discontinue cause out of capital" is creamed.
mircea_popescu: "so, fiat quant finds crypto playground, gets creamed" ?
mircea_popescu: i thought you were both discussing other people's other trades
mircea_popescu: i think it took about 19 months for a 5 btc aggregated trade
mircea_popescu: amusingly this is way better than bitcoin's first year
mircea_popescu: and then ThickAsThieves also bought some iirc, so did you
mircea_popescu: herbijudlestoids gotta be a least a coupla bitcoins by now
mircea_popescu: BingoBoingo as rickles once said, he's making a loss on every trade but hopes to make it up on volume.