365800+ entries in 0.102s
mircea_popescu: (in the sense that total resources spent, including time / total market value - as an integral from current price to zero = ~.6x)
mircea_popescu: i'd venture a guess that they're about 60-70% or so in the red so far, however.
mircea_popescu: im not saying there's anything wrong with it, for that matter. the people doing it are providing data to all observers, not just to themselves.
mircea_popescu: you end up with two. there's distinguishably group A and group B, and group A is further traceable to convergence
mircea_popescu: but you can trivially notice there's two groups if you take all the sm profiles and do scoring on them. you don't end up with either a powerlaw or any sort of gauss curve
mircea_popescu: i have no idea specifically who's doing it, but i can tell teh pro hand.
mircea_popescu: it's quite visibly (and quite respectably) being organisedly pushed.
mircea_popescu: pankkake you realise there's a few people pushing it, and manipulating social media to give the impression of traction
mircea_popescu: no but what i mean, a community is different from a crowd.
mircea_popescu: pankkake i doubt this, but perhaps it's on the grounds of being uninformed.
mircea_popescu: "You don’t need to love Dogecoin. But you do need to see what is happening with it right now. We have a social phenomenon going on, and even if it fails, we will learn a lesson or two from it"
mircea_popescu: "The market demand for Dogecoin is there. People love it. It’s fun. It’s exciting. It’s different. It’s loyal. It’s furry. It’s happy. It’s glad to see you. It’s right there licking your face telling you that it loves you."
mircea_popescu: ok, kako, you sell to me 30k alts for 30 btc. pankake you sell to tako 300k beks for 30 btc. then i sell you 30k alts for 30 btc.
mircea_popescu: jurov it just has an issue talking to bitcoincharts for some reason
mircea_popescu: " Statistically speaking, MPOE-PR and by extension MP, is far more trustworthy than myself"
mircea_popescu: and im fucking exhausted. not even 5% of the list covered
mircea_popescu: beliebercoin unusablecoin starvingartistcoin biebercoin wethepeoplecoin jasoncoin
mircea_popescu: i actually vaguely recall zinging jurov for bothering with the silly alts a coupla years ago
mircea_popescu: you know i like bluematt more and more as time goes by
mircea_popescu: jurov how much do you owe ? we'll take .75 btc for all teh great ideaz
mircea_popescu: i can't believe todd actually went to work for mastercoin.
mircea_popescu: the problem with vaudeville is that you're stuck mimicking mainstream
mircea_popescu: can't hold the btc hostage till china. that may be 55 years.
mircea_popescu: pankkake even if it is, for what good reason would it stay that way ?
mircea_popescu: that bitcoin not spent is better than bitcoin spent we could perhaps live with.
mircea_popescu: all i have to do all day is sit here and admire how people fail. i don't even have to do anything at all. just sit pat.
mircea_popescu: KRS1 there's a more subtle problem than the spending bitcoin thing.
mircea_popescu: 287.84 of which out of businesses that did less than $1m historically.
mircea_popescu: worthless businesses built on worthless models with no defensibility whatsoever by worthless ycombinated minds.
mircea_popescu: i don't think you realise how rare deidcated servers were in 2011.
mircea_popescu: derp. anyone knows this daniel fellow from the mises circle website ?
mircea_popescu: "Anyone who likes Bitcoin really shouldn’t want any new currencies to be created."