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mircea_popescu: and i'll look at the new graph and say... hey... i remember when i was discussing with azelphur
mircea_popescu: we've not jumped through actual mass adoption. if you grep the logs for last month's discussion about hashing bathroom tiles...
mircea_popescu: Perlboy nope. tried past 5 yeas, the problem is everyone will devalue.
mircea_popescu: no state HAS TO pay the poor. the poor are always last in line, and for very good reason : they're lesser people.
mircea_popescu: in actual reality, there will be no default, just the various "paying poor people to vote democrat" programs will collapse.
mircea_popescu: by their distorted reasoning, as there's not enough tax income to satisfy both of these, there will be a default.
mircea_popescu: in pseudo-lala crack cocaine pipedream the libertards in the us are living in, the first claim goes to welfare programs.
mircea_popescu: the situation ios like this : each state has some income as tax receipts, and some expenses. in actual reality, the first claim to tax receipts goes to servicing the debt.
mircea_popescu: pankkake well, in germany you gotta send kids to school.
mircea_popescu: don't piss off btc or else you may not have two codes left standing together.
mircea_popescu: i suppose this is the part us "regulators" will have to figure out soon enough :
mircea_popescu: basically bitcoin is currently drinking more computing power than all the rest of the computing world combined or some shit.
mircea_popescu: i recall the days when there were ups and down, those bumps you can barely see now
mircea_popescu: meanwhile, properly implemented pgp is still uncrackable.
mircea_popescu: because poor people can not afford to move otp keys around safely.
mircea_popescu: asymmetric keys are a much better solution for poor people, however
mircea_popescu: gecko_x2 not in any significant degree. asciilifeform is the tech there.
mircea_popescu: what, the guy that was selling glbse stocks is no good ?!?!11?
mircea_popescu: so are we yet at the realisation that btct may be slightly undercapitalised or not quite ?
mircea_popescu: statement of capital shows jack shit and the prices there are in the 50k range, to own. they rent.
mircea_popescu: incorporated in feb, guy made acct in march, name changed in august
mircea_popescu: fractal yes yes. you could have read all about it on trilema a while back. you genius you.
mircea_popescu: like, same css glory and everything ? some dood on the forum made it cause he was insulted by mpoe-pr
mircea_popescu: wasn;'t there some cheapo clone of mpex at some point ?
mircea_popescu: ;;google "hey guys, I think 2013 is the year of bitcoin, we'll probably hit $100, maybe $250"
mircea_popescu: turbo_ac100 the diffs must follow the curve x, 1.2x, 1.44x, 1.728x etc
mircea_popescu: dude, you've been saying whatever for two years, get out. link or gtfo.
mircea_popescu: for all your talk of doing w/e on random bucket shops.
mircea_popescu: you are aware that the only people actually trading the exchange rate traded it there, yest.