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mircea_popescu: lmao, so anything to avoid an actual delivery bet huh ? we make a fake bitbet out of forum paste & spit, pretend and pray.
mircea_popescu: pankkake you were saying a few days ago about being disgusted with ppl lauding scams just because they hope they get a little back ? where is it, i want to quote it.
mircea_popescu: if the box ain't functioning, there's no guarantee you end up with a web. even a not working one.
mircea_popescu: you seen the pictures of spider;s webs made by high spiders ?
mircea_popescu: it went from "indicator light" (algebra) to "execution squad" (bitcoin)
mircea_popescu: asciilifeform no. because abstract algebra does not allocate resources
mircea_popescu: what bitcoin does is it meaningfully sepparates the population, and i see nobody credibly arguing for extending human status past the 2nd bump
mircea_popescu: i wasn't kidding when i said they're turning into niggers.
mircea_popescu: if they had the mental power to catch up they'd be doing better money than whatever foodstamps "the press" pays.
mircea_popescu: pankkake yeah, noobs handle their ignorance differently. but still, how else do you know a noob's a noob ? by their ignorance.
mircea_popescu: there's nothing new in this world except for the history you don't know.
mircea_popescu: i see that, what i read is "i am a noob, hear my uninformed convictions and care enough about my worthless persona to set me straight"
mircea_popescu: internet epeen competition. "save the whales, power your compiler".
mircea_popescu: but my point is... so some kid gets out of school in june and wants to become a man over the summer.
mircea_popescu: well... they're all rich except kako. he just drives very expensive cars.
mircea_popescu: so what i mean is... they still meet the quals, in spite of so much changing in the interim
mircea_popescu: strangely enough, they all also knew one of python/perl/bash, had gpg sigs and are now rich.
mircea_popescu: but you're right, if you were here march-april 2012 you could have had one for free
mircea_popescu: azoo you familiar with the concept of "qualiified investor" ?
mircea_popescu: well see, the idea is that people to whom it looks weird don't get to buy.
mircea_popescu: she never called mpex stuff a scam, and that's everyone.
mircea_popescu: so prepare a large mug of coffee, set your poppers to poppin' corn etc.
mircea_popescu: it's like a mile long, and i;ll be publishing it soon.
mircea_popescu: mpoe-pr just completed a 3 month long project of going through the forum and picking out the places where she called out a scam, people called her fud and then it turned out she was right.
mircea_popescu: upon rereading, KRS|Gotyawallet you realise "lmao fucktard" didn't mean you but the quoted kid.
mircea_popescu: mpoe-pr sells lithium soda. our noob is more likely to ignore her.
mircea_popescu: and that's all, it took three weeks. next month, new guy hears about bitcoin.
mircea_popescu: after all, he ain't socially marginal for nothing, he's socially marginal because he has mental habits that don't promote success.
mircea_popescu: so by now he's ripe for the plunder. makes some "investments" on the power of social proof, gets raped, gets depressed and gets to hear from all the (few) people in his life about how he failed again
mircea_popescu: within a week he's put most of his available cash into it, and is getting to a manic phase
mircea_popescu: within a day he's bouight some, and spends the next few days not sleeping enough and reading bullshit sources a la reddit.
mircea_popescu: anyway, to get back to the prev point, the way it usually works is like this : muppet (usually young, ambitious, socially marginal character) finds out about bitcoin.
mircea_popescu: noob puts on pope hat, makes blood-curdingly stupid general statement with all the authority of stupidity.
mircea_popescu: "1) Mining based upon resource consumption results in centralization."
mircea_popescu: BingoBoingo it's not that anyone forgot. it's that nobody of the idiots going for such things makes it long enough
mircea_popescu: asic is not efficient, not really, cause you'll need to add memory bus and a bunch of clocking and so on
mircea_popescu: BingoBoingo i know, i know. just pushing teh button a little :)