373600+ entries in 0.119s
mircea_popescu: "It is possible to do scrypt with a fpga, so that implies asic is possible too."
mircea_popescu: it's a company trying to make various gizmos. currently working on a gpg secure usb stick
mircea_popescu: because as far as bitcoin finance is concerned, mpex is now and always was a hefty 90% of it.
mircea_popescu: but to give you a proper sense of proportion : when s.dice delisted from mpex, it was actually announced it got sold off, rather than lie about it a la havelock. and then mpex investors got paid on the delisting.
mircea_popescu: Apocalyptic for any value of real that equals worthless.
mircea_popescu: otherwise, the statistical argument Duffer1 presents is sound. they never had a company that made investors a profit, and statisticallty they're batting the usual global scam exchange, -50% in 1/2 year.
mircea_popescu: collected >4k btc this year, paid no dividends, is now gone.
mircea_popescu: azoo sure. they reorganised as a entity run by "no one", recently. after which they allowed their largest company (virtex) to simply walk away from the investors
mircea_popescu: look at the us budget for each year, you'll know about how much the taxpayer is paying to support scammers.
mircea_popescu: asciilifeform yes. it equals exactly "entitlement" spending by governments.
mircea_popescu: what else are they gonna do. once they're in porn they're in porn.
mircea_popescu: just like the porn studios are still basically doing, boy meets girl, boy gets girl.
mircea_popescu: that particularly is not true, the warrior forum is still running two or three major scams pioneered in 1995
mircea_popescu: not really, most situations evolve as boundless systems
mircea_popescu: ie, being a scammer is not really so many steps about being a clueless noob.
mircea_popescu: the irony embedded in the entire fucktard ecosystem (meaning, the noobs and those fleecing them) is that it really is quite self limiting and not particularly prosperous.
mircea_popescu: mining venture taking preorders and no delivery bet ? scam. no questions need to be asked or answered past "what's the link to your delivery bet"
mircea_popescu: noob starts business ? scam. end of discussion, no questuions asked. if he's a businessman he's known.
mircea_popescu: this is why we don't care about such. noobs don't get to start businesses.
mircea_popescu: some prime investigative reporting by kakobrekla there.
mircea_popescu: KRS|Gotyawallet were you around back when primeasic showed and disappeared ?
mircea_popescu: if they don't want to use them... why's that a problem.
mircea_popescu: KRS|Gotyawallet you can't "scam the scammer" because the scammer has enough fucking sense to respect the first rule of investing, which is, don't randomly sent btc.
mircea_popescu: russellthies Jr. Member, 5 posts : "I received an email from Jim on Dec. 3rd, regarding my 1.2 th/s order (541). At that time he told me that they were working on the final "board tweaks" and that if they were late it would be by a week or so."
mircea_popescu: noob makes random thread on btctalk five weeks ago. he's nobody and his thing doesn't exist.
mircea_popescu: KRS|Gotyawallet why do you think this is even a thing ?
mircea_popescu: (of course, in this perspective mega-bitcoin-corporations a la asicminer are small guys too)
mircea_popescu: pankkake i am one who believes every little guy mining is good.
mircea_popescu: it will never happen, they will start shooting deli owners in the street.
mircea_popescu: asciilifeform you're asking "how much worsening of italian delis would take for mobsters to abandon manhattan"
mircea_popescu: mining has to be "distributed", which means, it must remain unprofitable for large ventures.
mircea_popescu: a tournament market, like typiocally the 1mn starlets waiting tables in hollywood is there to exploit labour.
☟︎ mircea_popescu: it's a really great way to use the market for a good purpose. in this case, we get the strongest blockchain money can buy.
mircea_popescu: mpoe-pr quoted buffett on the textile market to the forum until she fell over.
mircea_popescu: anyway, people mine because if they don't mine then it's profitable
mircea_popescu: (which adds cosmic perspective to the mpex view of the world, imagine there exists another whole "Ecosystem" out there made principally out of companies whose business model is operating in a not profitable by design market, and those are 90%+ of the revenue)
mircea_popescu: it's intended to approximately break even, which means most people will book a loss.
mircea_popescu: asciilifeform mining is not intended or designed to be a productive activity generally.
mircea_popescu: which they do, inasmuch as they handling money can't be libertards, and a sliver of libertards believe everyone who's not equally retarded is a fascist
mircea_popescu: there are still people who figure germany had a decent shot in ww2.
mircea_popescu: asciilifeform hard angle to sell for all the people that were offered to buy still workjing nuclear subs.
mircea_popescu: KRS|Gotyawallet in the food stamps context ? the stealing of people's money by the usg.
mircea_popescu: are you aware the only reason the us army is not completely exterminated to the last man currently is that the chinese do not WANT to ?
mircea_popescu: sits, waiting, while china spends 20 years developing complete tactical superiority in every field.
mircea_popescu: so you know... this shangri-la you speak of ? where o where is it ?
mircea_popescu: asciilifeform you know 40 years ago that'd have touched off a space race.
mircea_popescu: KRS|Gotyawallet the ussoviet govt is running short on cash.
mircea_popescu: seven downward slopes... seven bloodied hopes... seven are your burning fires...