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mircea_popescu: [\\\] remember when like, 1 terrahash total was a remarkable lifetime achievement ?
mircea_popescu: i suppose their numbers must just not be very good, so they wear out a lot faster.
mircea_popescu: chsados i'd love to help ya but i never used the thing.
mircea_popescu: i take one day off to walk ma bitchez, you go dang it all to heck!
mircea_popescu: dub: 'moving to panama' is now a meme << not only has been dub on a roll yest, but moreover the meme should be panakkake!
mircea_popescu: anyway, Apocalyptic, he's an old guy that took a bad beat (cause he's smart but also doesn't listens!) and stuck through it. that sort of thing builds character of vipness.
mircea_popescu: Apocalyptic don't you know ? he ran the world famous shakuru disbursement fund
mircea_popescu: if messiah comes tomorrow riding a box of flaming fans
mircea_popescu: this is a discussion about what if god gets your wife pregnant.
mircea_popescu: so in this sense this isn't a discussion about mining,
mircea_popescu: but it wouldn't be a flamethrower, it'd just be a lucky freak.
mircea_popescu: if the shaman heals you he's still no doctor, even should the mage light up a fire he's still no matchstick
mircea_popescu: asciilifeform same reason a girl wearing a funny hat doesn't function as the emperess of china.
mircea_popescu: even if i crack 1000 consecutive blocks in half an hour.
mircea_popescu: asciilifeform anyway, if I get a parrot that extracts correct nonces out of a bag, i don't have a miner.
mircea_popescu: maybe i'm rusty, but afaik mining != sha(sha(block+nonce))
mircea_popescu: so i'm reading old logs : Jun 21 14:49:17 <mircea_popescu>well it was 1/4 bn earlier thisd year
mircea_popescu: the price of cotton figures what, 18 cents in the cost fo a tshirt ?
mircea_popescu: i guess nobody today remembers machlup as the initiator of the "information economy" concept
mircea_popescu: nubbins` so then no, you wou;dn't be in the same position. knowledge is money.
mircea_popescu: as a result mpex now returns executed collateral immediately upon execution.
mircea_popescu: so mike_c, it may please you to find that not only are you in the mpex faq now, but process of arguing about it ended a coupla hours ago with my complete capitulation
mircea_popescu: simulate asics in gpus simulated in pressure cookers simulated in one guy's mind.
mircea_popescu: pankkake fast moving consumer goods. like sodas, tampons, whatever.
mircea_popescu: when i say someone to do it i mean someone with a decade's worth of experience in a relevant position.
mircea_popescu: i dunno. i been crowing about how it'd be a good idea for years.
mircea_popescu: maybe i completely misunderstood the business model there.
mircea_popescu: wait, so actually the silkroad charged less than ebay ?!
mircea_popescu: they'd make a helluva lot more if they could just take a file out of dpr's book and tell the govt to suck on an onion./
mircea_popescu: i don't have a hard time imagining why they'd want to tho.
mircea_popescu: even further twist : "its payment unit PayPal may one day incorporate BitCoin." where are you skinnavaj guy.
mircea_popescu: mike_c probably not count because engineers aren't "successfull ceos".
mircea_popescu: benkay just idle comment that the volume was apparently up
mircea_popescu: i don't recall now if it was written as a bitcoinica envy clone or not.