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mircea_popescu: then it turned out that in fact yes all people do it, but the ability to SMELL it is the genetic trait
mircea_popescu: fun fact : mercaptane actually is a natural byproduct of asparagus digestion in mammals. for a long time people imagined the ability to excrete it in urine is genetically dependent, as apparently not all people did it.
mircea_popescu: what the heck do you mix to go from one to the other ?
mircea_popescu: incidentally... 3d molecularbiologizing... get cartridges of all the elements, print any substance.
mircea_popescu: i guess it'd have to be implemented electronically rather than chemically.
mircea_popescu: nah, non-compliant corps will crush the entire system, from sec down to all corps and their subcontractors.
mircea_popescu: with the mention that those WERE the good accountants. they won't be, in a decade or two.
mircea_popescu: and the actual clients, of course, but that's slowly coming into place.
mircea_popescu: you need to be in the wot and have a reputation before you'll get demand from any clients
mircea_popescu: i think tho the consolidation of subsidiaries can be done easily by a) disalowing unlisted subsidiaries and b) mark to market.
mircea_popescu: hopefully more of that stuff can go in as more of your profession start being available for the corps to do the stuff.
mircea_popescu: the executive leadership is for taking the burns once it blows up
mircea_popescu: benkay either that or "sorry, but we had to spend it eventually"
mircea_popescu: after last month's haha aren;t you glad we didn't spend anything
mircea_popescu: no, but i gotta follow up with something for investor's benefit.
mircea_popescu: moreover, an important point to be considered is that the real assets of btc corps act as an absolutel bottom in the btc exchange.
mircea_popescu: "oh if only we had spent btc at 1200 to acquire real goods now worth 2x in btc"
mircea_popescu: benkay speaking of that discussion, this month is quite the reverse.
mircea_popescu: how long does the average incompetent lotto winner take to be broke ? eh ?
mircea_popescu: yeah, and then what's the op to do ? you get the goxbtc and claim you didn't.
mircea_popescu: also, you need someone with a gox acct to escrow for you neh ?
mircea_popescu: that is possibly the most insane thing i heard ever since i heard of people "buying pirate debt"
mircea_popescu: talk about graceful degradations : tweets including references to #bitcoin-assets are auto-hashtagged "bitcoin" because that's how their parser works.
mircea_popescu: derping about with a purpose is necessary for your sanity.
mircea_popescu: what work. not like you go dig up coal in a mine or anything.
mircea_popescu: but today ?! what difference does it make, 99% of all derps live in the same exact conditions anyway
mircea_popescu: i mean back before roosevelt i could understand it, being poor meant fucking starving.
mircea_popescu: "Their roulette is technically provably fair and they are publishing complete results from previous day. But they are cheating in such naive way that they simply change outcome of roulette game when needed and later in published results from previous day they show different outcome, which is correct one but was not used."
mircea_popescu: by the time you're done with that you're rich already and don't even know when you bought copumpkin a new bionic girlfriend/maid.
mircea_popescu: B007 you get your words very well defined and your questions super sharp
mircea_popescu: benkay nothing because iirc i was holding the whole load.
mircea_popescu: the thing opened, all full of trepidation, abunch were bought
mircea_popescu: benkay "Predictably1, BS&T failed to issue the number of bonds they'd committed to, and Popescu was relieved of his obligation to pay out on the above synthetics."
mircea_popescu: they really seemed like they're competent for a while.
mircea_popescu: and meni rosenfeld moved on to to obscure turd pushing with what was going to become bitdaytrade
mircea_popescu: after the synth price normalised and soon enough it was in the shitter.
mircea_popescu: because that's what counted for a market back then, a buncha forum tards being friendly
mircea_popescu: anyway, in the case there : at the time the difficulty had gone up maybe 50% over 3 months, the dividends were mostly absent and the thing still traded "At price"
mircea_popescu: there's some schmuck from the early days plainly stating it in some thread, "the ipo is not for investors to make money but for the company to make money" or somesuch.