373800+ entries in 0.11s
mircea_popescu: for a moment i thought there actually is a pron starlet named miley cyprus
mircea_popescu: so some kid bets 20 bucks on btc being over 1000 in six months, he gets 5 grand out."
mircea_popescu: kakobrekla over lunch i was loling with one mod, because she observed that "well, for many people bitbet is a great proposition because not only it allows them to win, but also it prevents them from spending their btc in the interval.
mircea_popescu: Duffer1 there was this attempt to make a more concrete localbitcoins, "buttonwood"
mircea_popescu: i mean, it responded to half year's worth of pressure nicely. but it isn't enough.
mircea_popescu: his experience clearly shows that that market needs someone to put his foot down and keep at it for 5+ years.
mircea_popescu: localbitcoins is more like a brand than like an actual service servicing local markets.
mircea_popescu: yeah i don;'t quite grok what it's supposed to be. thought maybe the owner is here.
mircea_popescu: worst insult of all, nobody in the actual biz paid him even the equivalent of a bit into cheeseburger.
mircea_popescu: BingoBoingo it first and foremost got a chance because dooglus. it'd have died an ignominable death if almost anyone else'd have tried an exact copy.
mircea_popescu: as the othersd say, gotta be great, and more importantly gotta be someone first.
mircea_popescu: mikaeldice it's a coin in the well already, and has been since summer 2012.
mircea_popescu: apparently you can't mismanage a property into the shit for 2+ years and then have it survive. who knew!
mircea_popescu: ;;later tell oleganza what's the point of a blog w/o a comment section ?
mircea_popescu: spiel says hollyowood's dogfood, and he has a point. they gotta do something.
mircea_popescu: the corn did manage to ocasionally pick up a spot, but usualyl driven out within a couple of years
mircea_popescu: both linen and corn had been long used here, and so they exist as wild species.
mircea_popescu: i have had the occasion to see this in nature, as romania had for over a decade a lot of ignored agricultural land.
mircea_popescu: it's a relatively successful one, but not very. nothing like cannabis.
mircea_popescu: matybe, i'ven ot really been following the entire "green technologies" stuff.
mircea_popescu: or else you can have sensitivity training and one huge diaper party for mentally stunted "adults" in name only.
mircea_popescu: you can either have teachers fucking students and people being called fucktards left and right a la mit 1950s
mircea_popescu: universities' capacity to create went out with the admittance of the special interest groups.
mircea_popescu: i doubt they do. they may inadvertently acquire "rights" to unrelated people's great ideas through the latter's negligence/cluelessness
mircea_popescu: kinda dead in the water, at least the anglo-saxon model.
mircea_popescu: i doubt anything useful, interesting or valuable is coming out of universities anymore.
mircea_popescu: "bhagenbeekdd@metaltrade.ru 7:00 am The first-rate method to gratify your girlfriend" << dude, metal trade ? poor girlfriends.
mircea_popescu: thompson financial is doing decent money simply by having collected and assembled all this data.
mircea_popescu: b0n1 but since you're talking about this, let me point out to you that this is a business model.
mircea_popescu: notrly a new point by any means. that's why the more sensible people have been saying all along that bitcoin isn't nor does it aim to be a visa competitor.
mircea_popescu: which is why there's not so much stuff in the midmarket, in spite of mpex being unbitcoinly friendlty to free entreprise.
mircea_popescu: i think you may be not the first to make that experience
mircea_popescu: on the other hand i can understand the disbelief, people with any experience looking at options are aghast to see mpex spreads.
mircea_popescu: let alone the OPTION spreads on the 2nd, which by their nature have to be wider than spot
mircea_popescu: obviously the spot spreads on the first will be way narrower than even the spot spreads on the 2nd
mircea_popescu: s.mpoe moved 20%ish over 9 months. btc moved 10000% over the same interval.
mircea_popescu: but let alone spread girth for a moment and think in avg prices.
mircea_popescu: mpoe moves relatively very little, i was just looking through early feb/march logs and it was trading 65-70
mircea_popescu: i wish there were more airplanes for 10k a pop on the market, for instance
mircea_popescu: i guess we all wish for more liquidity at better prices, but this is probably true universally.
mircea_popescu: this obviously is a distinction btc people would gladly blur, but i think it'd be pretty dangerous/irresponsible to allow it just yet.
mircea_popescu: if you are going directional then you are speculating not marketmaking.
mircea_popescu: well the idea is that if you're marketmaking then you're marketmaking. selling puts and calls.
mircea_popescu: (ironically, people paying for options last month made ~3k btc in aggregate)
mircea_popescu: Namworld you could write your own and list them of course
mircea_popescu: Oct 28 17:17:15 <thestrin1puller>but in all srsness i think i may fork over money for an mpex account
mircea_popescu: there's two types of arrogant people in the world, those who know they're much better than you and those that don't know you're any better than them.
mircea_popescu: the other way however... not so much. clueless noobs with delusions of self importance are pretty much a buyer's market.
mircea_popescu: Apocalyptic one bitcoin buys me at least 100 clueless noobs who have it all figured out.