376200+ entries in 0.111s
mircea_popescu: ThickAsThieves that kinda reminds me of the one time i got a buncha romanian blogger's faces and symmetrized them
mircea_popescu: i wonder what happens come 2016 when some republican gets elected us president if obama announces he "won't enforce" the new presidency.
mircea_popescu: he's off to buy the east indies on his accumulated mined coins
mircea_popescu: 225 seems insane, nvidia cards are better for gaming anywqay
mircea_popescu: obviously the same cave early behaviour is related to a lot of the forum-style scammy nonsense passing for investment so successfully.
mircea_popescu: and this is not limited to our narrow corner of tghe world. keeping a fortune and making a fortune are widely different skillsets.
mircea_popescu: but it is coherent with the behaviour that GOT YOU that btc in the first place.
mircea_popescu: now, this behaviour clearly does not optimize the $$$ you get for your btc,
mircea_popescu: the same will repeat for a while, i suspect. most of the people that willl sell under 10k have sold or are about to sell at 1k ish
mircea_popescu: because all the kids who were going to sell at 100 to 1000 sold at 130ish
mircea_popescu: the mounting buying pressure is temporarily sated, but then later on ? 200, 500, 800 go by like a dream
mircea_popescu: this is why we see this see saw pattern on the price : once it reaches 100 everyone who thought "three digits" sells out
mircea_popescu: the funny thing is, that the people who caved early and got bitcoin will continue with the same behaviour : they cave early and get dollars, too.
mircea_popescu: the bears are more akin to the girl : they expect bitcoin to court them.
mircea_popescu: now, bitcoiners are exactly the opposite : they are in bitcoin because they caved early, to the lures of this bitcoin idea.
mircea_popescu: in general, the expectation will be that she caves late. and indeed should you after a three week courtship tell her gtfo, you should have said yes on the first pass it'll be unexpected.
mircea_popescu: now, this is a rare behaviour irl. if you go up to a girl and ask her out, it's rare that she says "ok, i'm willing to be your gf now" after two hours.
mircea_popescu: everyone involved in bitcoin of any consequence exhibits the "cave early" behaviour.
mircea_popescu: consider the following imo very illustrative example :
mircea_popescu: ThickAsThieves the trick is, making a fortune and keeping a fortune are pretty divergent skills.
mircea_popescu: inasmuch as they're not groveling nude at the feet of their betters, they DO think way too high of themselves.
mircea_popescu: "The big problem is not that they think too highly of themselves. Their bigger challenge is conflict negotiation, and they often are unable to think for themselves."
mircea_popescu: no seriously ? get a job in porn, the set mother will tell you when you need to wash the cum off.
mircea_popescu: " It became increasingly difficult to balance school, socializing, laundry, and a part-time job."
mircea_popescu: "Rates of depression are soaring among millennials in college."
mircea_popescu: Counselling is being provided to the special forces team.
mircea_popescu: whole new prostitution dynamics, you send the no fee 1 satoshi tx as she takes her top off, the tx finally confirms by the time she's wiping her lip.
mircea_popescu: a hambuger or a cheap blowjob in america's inner city highschools.
mircea_popescu: it is probably forcing a point, which is why i say upper bound.
mircea_popescu: it's not inconceivable that the btc still in circulation by the time btc takes over the whole world economy will trade at what would be the equivalent of today's billion dollars.
mircea_popescu: if one single currency is to represent all that value, and especially if that one single currency is bitcoin, where people exhibit a massive tendency to hoard it,
mircea_popescu: Vexual looky : about 20 trn of new wealth is added to the world each year. the asset value of the world, all things told, is probably two to three degrees of magnitude above that.
mircea_popescu: <dub> how to buy a dimebag of crack when the smallest unit is $10????! <<< HOW TO PAY TX FEES ON THAT!!!
mircea_popescu: like the upper bound for cranial capacity is about 3k cc, because there's a finite space between a woman
mircea_popescu: upper bound is like "the highest something will ever conceivably go"
mircea_popescu: global gnp is somewhere in the 20 trn (thousand billion) range.
mircea_popescu: the endgame where bitcoin is the universal backer of all currency and it trades somewhere in the 10mn to 1bn per range actually sees the dollar slightly stronger than it is today.
mircea_popescu: by the time bitcoins go for 1bn each, which is probably their upper bound, each satoshi is ten bux
mircea_popescu: satoshi notation is exactly as precise as dollars and cents.
mircea_popescu: here's a wild thought : by the time bitcoins go for 1 mn dollars each,
mircea_popescu: by niow you could probably make a bfl competitor out of markov chains and php
mircea_popescu: i put it in the alt for the img and it links to their page
mircea_popescu: i thought the definition of bullshit altcoin was "can still gpu them"
mircea_popescu: "every time you say literally but mean metaphorically mtgox kills a large pizza kitten"
mircea_popescu: pankkake i suppose it's the case that my readers DIDN'T USE TO BE autists like you. but not anymore nao. because progress and stuff.
mircea_popescu: i don't think poor was possible since about 1994 or so
mircea_popescu: i'd have died stupid if you weren't here to bitch at me.
mircea_popescu: btw pankkake, for your curiosity : since i finally fixed trilema credits ordering i'm getting about 10x as many orders.
mircea_popescu: there once was a man, his name was magellan, a portuguese skipper, the girls found him cute...