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mircea_popescu: just like in BTC i'm the only one doing shit, everyone else is buying bentleys and spraypainting crackheads in gold paint.
mircea_popescu: i did some giveaways for like answering q's and whatnot.
mircea_popescu: asciilifeform it contains a warehouse of bugs because it was built by joe out of toothpicks and chewing gum
mircea_popescu: o look, the chinese "computer upgrades" have made their way into the us
mircea_popescu: Social Security being shut down for 62 hours starting 2/15/14
mircea_popescu: asciilifeform that sounds like it could be on a beatles song
mircea_popescu: KRS1 yeah but the thing with large moves is that nobody believes it
mircea_popescu: so the us is restructuring its foreign debt after all huh
mircea_popescu: whoa baby. no more pensions/retirement benefits for you us people, is it ?
mircea_popescu: you're being the bane of hipsters. cause you got the gift of trendbreaking
mircea_popescu: when you take a position in a trending stock only for the trend to immediately and abruptly reverse.
mircea_popescu: <Mats_cd03> i didn't know it did that < you have got to be kidding me.
mircea_popescu: tbh maybe it's time to try a twitter. announce surprise half billion losses, see what happens
mircea_popescu: asciilifeform those saps'd intimidate themselves with a coca cola cap.
mircea_popescu: asciilifeform if bugged landlines were presided over by the meta-kgb rather than the classic kgb you couldn't audibly detect the listener switching on.
mircea_popescu: what is this ?! s.mpoe has 3x the per-share revenue of google ?!
mircea_popescu: meanwhile google is trading at 1170 with ttm per share at about 38
mircea_popescu: i wonder how well would a bitcoin company do that made a 2% loss
mircea_popescu: let's see what other lulzy comparisons we can find. is twitter even listed ?
mircea_popescu: o wait. haha. i was comparing facebook revenue with mpex net income attributed.
mircea_popescu: but a "social network" with nothing at all can not begin to stand up to the central bank of bitcoin. it's a contest between a bulldog and a cockroach.
mircea_popescu: because see, facebook existed back in the day when myspace was trading for 700mn
mircea_popescu: i doubt it. what will help is the passive effect of people hearing about s.mpoe and forgetting about facebook
mircea_popescu: so basically facebook trades at 100x s.mpoe on 4x the revenue per share.
mircea_popescu: mike_c no rush, volume can come later. let people figure shit out first.
mircea_popescu: all the bitching about how difficult itis or it isn't to acquire btc is irrelevant. that's not where the hot core of btc is happening. this is.
mircea_popescu: in the end... this being exactly how greatness is built. by the time they do find that common ground... look out.
mircea_popescu: team A being "i don't care how good these internet funbux corps look" and team B going "unless i need money to buy rope i'm not selling my btc securities"
mircea_popescu: i guess the fundamental negotiation has tyre kickers and car collectors, and they have trouble finding common ground
mircea_popescu: so basically two good dividend months in a row for bbet killed the volume.
mircea_popescu: best scam in history, every way you look at it it's legit
mircea_popescu: tell you what, ~8% of the mkt cap trading over ~7 months is just about exactly right.