365900+ entries in 0.111s
mircea_popescu: generally your pocket starts enriching once impotence starts showing up
mircea_popescu: the datasource (china's stat bureau) has pretty much given up on publishing data
mircea_popescu: in a more wtf line of inquiry, check out this bet that just closed :
mircea_popescu: being a pseudo-ceo of a pseudo-corp which does a kickstarter thing, you are a whatever, etsy service representative.
mircea_popescu: in short, being an actual ceo of an actual corp which does an actual ipo, you are a professional.
mircea_popescu: an ipo is more like, i am a carpenter, give me money to carpent. the investor has no recourse as to whether the carpenter buys a hammer or a saw,
mircea_popescu: in which case i suppose if you take the beermoney and buy pot daddy has the recourse of wtf, i gave you that twenny for beer not for pot.
mircea_popescu: right, but that's more like a "daddy, gimme some dough to buy beer" sort of venue
mircea_popescu: da fuck was tha tthing called anyway, fundkicker, gofuckme, what.
mircea_popescu: you're basically proceeding into some sort of glbse/kickfunder extrapolation as if it were a thing
mircea_popescu: mike_c well, there's only prototyping for one board reported yet, and moreover most of the cost is engineering time, which obviously doesn't show
mircea_popescu: we're saying that the quick increase in the btc rate puts responsible, competent ceos in the position where they forego fiat deployments
mircea_popescu: KRS1 "if the IPO requests $X amount of dollars to fund project Y" contradicts " convert BTC to fiat"
mircea_popescu: for instance : if you think the dollar is going to shit, you're better off buying euro, than buying Ford shares on the thinking that ford does business in yurp
mircea_popescu: than to invest in corps that use it but have foreign assets.
mircea_popescu: KRS1 well sure. but in principle, yeah, if you don't trust a unit of account it's saner for you not to hold it at all
mircea_popescu: i guess in retrospect this is yet another one of those places where naive "financiers" of the glbse troop confused discting things cause well, what did they know
mircea_popescu: that's how board meetings work, where the board selects ceos
mircea_popescu: some of them make good calls, some of them make bad calls.
mircea_popescu: let them either put the fire out or else let the fire run out and see what it's worth
mircea_popescu: KRS1 that you don't want to buy a house on fire at the list price.
mircea_popescu: if people were actually willing to pay for music this may be a brilliant idea.
mircea_popescu: ThickAsThieves because the club house is mostly populated by retards.
mircea_popescu: you're in the wrong business because your business just got better ?
mircea_popescu: nevertheless your correct decision has so far been to not buy any coal.
mircea_popescu: now. you nominally are in the business of buying coal,
mircea_popescu: next week, they bring in mega tip top drilling tools. you again....
mircea_popescu: you figure, this will take coal even lower. and forego again.
mircea_popescu: you figure at this juncture coal prices will likely go down, if nothing because of transport, and so forego buying coal yet.
mircea_popescu: they just open a new coal mine. this coal mine is larger than any one on earth, and close to your plant.
mircea_popescu: KRS1 ok, forget bitcoin for a moment, cause this is perhaps throwing you.
mircea_popescu: ThickAsThieves this isn't really the thing discussed tho
mircea_popescu: which is contrary to wat the company is supposed to be doing
mircea_popescu: because it's likely that this will result in negative returns
mircea_popescu: efficiently means it will see positive returns above the risk free rate
mircea_popescu: KRS1 yes. the company, once capitalised, has a fiduciary duty to deploy capital efficiently.
mircea_popescu: this system whereby corps announce what they intend to use the money for is rare irl.
mircea_popescu: in general a share placement capitalises the corp. that capital is then deployed.
mircea_popescu: IPO's are not meant to capitalize and profit directly from investment money. << ?! what ?!
mircea_popescu: god help me. you mean yahoo is seriously going to do the whole bs usg thing in 2014 ?! after it died ?
mircea_popescu: "Yahoo Voices is where your expertise and perspectives take center stage! Here you will find millions of articles, videos, and slideshows on every topic – published by Yahoo users, just like you."
mircea_popescu: KRS1 but you gotta form a question/challenge of som sort
mircea_popescu: ALL OF YOU HATERS can go back and get your commissions from "TIC" now and STFU and stay off my honest and legit. post.
mircea_popescu: no actually it's been quite a pleasant read, and you have good points well stated.
mircea_popescu: Much of the noise in the liberal American internet revolves around making people feel good by talking about things they think are bad and raising the consciousness in a futile quest to change the world by talking. There are hugely diminishing returns to raising consciousness (even assuming the ideas you're promulgating aren't of the rankest communist origin). << this.
mircea_popescu: basically the one thing people most hate is being exposed to other things.
mircea_popescu: what else, they make some modest woman go about naked. torture of all hells. yet other women love being nude.