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mircea_popescu: just let it be where it is, put a postit note on it saying "Romanian Central Bank Gold Vault - Rosia Montana division"
mircea_popescu: but why the fuck would you mine it ? to bury it someplace else ?
mircea_popescu: so far these shitheads have been humiliated every single time.
mircea_popescu: they've been trying to do it for > 10 years by now, much like the riaa/mpaa have been trying to be shitheads for > 10 years by now
mircea_popescu: that mountain happens to have been inhabited since the time of the romans (who were also mining gold there)
mircea_popescu: grubles old story. romania has huge gold deposits. always has. some dubious firm wants to raze a mountain do cyanide extraction on some cubic km of ore.
mircea_popescu: i've never traded that pair, i have no idea where it goes down
mircea_popescu: some chans will be shit. find the good ones and live happily ever after.
mircea_popescu: hardly a secret, it's why that chan turned into the forum a year or two ago. what do you care ?
mircea_popescu: Rawted so basically the dispute is what, poor moderation practices on bitcoin-otc ?
mircea_popescu: thought you were asking to join 1btc a coupla days back.
mircea_popescu: through, you know, not being retarded forumscam muppets.
mircea_popescu: ThickAsThieves that's actually the correct counterpoint. they aren't REALLY infinite, as they can't be. they just seem that way.
mircea_popescu: just because there's a tool of progress there's no guarantee any progress is taking place. keeping a dildo in a drawer somewhere don't mean you're getting fucked.
mircea_popescu: yeah. this is the beauty of the free market : it exposes, unmitigated, raw, the ugly underbelly of human stupidity.
mircea_popescu: the objection however is that they are differently marked (ie, the hole is of diff sizes)
mircea_popescu: Rawted that happens to be one of the most common chip packages. sort-of like a honda civic, you know ?
mircea_popescu: Rulother so we get to watch yet another emergency!cover this post! forum sock action ?
mircea_popescu: in general they'll "think" whatever seems most convenient at any point.
mircea_popescu: fact of the matter is, business doesn't give a shit, sooner or later the tide goes out. when that happens all the naked swimmers don't really get the choice to run off and dress.
mircea_popescu: even if they'd have argued all up and down all the summer that it's not what they intend.
mircea_popescu: i think as time goes by the incentive to split is getting strongert and stronger
mircea_popescu: start with where AM went past 0.5, because that's where it all begins.
mircea_popescu: dexX7 announcement means shit. if they win the bitbet bet it might matter.
mircea_popescu: actually here's a good thing you could publish on your blog : timeline of the miner scams and miner investment scams.
mircea_popescu: but... suckers don't listen, and so suckers hold bags.
mircea_popescu: no, because people in the know / in the right in group were selling at the same time
mircea_popescu: ThickAsThieves i'll give you even odds that many (most?) of these pseudo-mining offerings consisted of people trying to reimplement the famous pirate scams of the day. they collected bitcoin from suckers, bought AM in the hopes of AM going up, and with the intention of paying a portion of the proceeds to their suckers.
mircea_popescu: last we hear about it, before the obligatory "class action jacket" on forum ?
mircea_popescu: call it Meta, and your logo could be the metamphetamine molecule.
mircea_popescu: exactly the same principle at work, but with much better management and crowd control.
mircea_popescu: it seems indeed Jeff Rupley moved in january of this year as "Principal CPU Architect" at samsung austin r&d
mircea_popescu: dexX7 here's an item courtesy of the mpex scouring department : everyone else's name in the cointerra team page is used to name the pic. except in the case of ravi guy, the pic is named navi1.
mircea_popescu: for the lulz department: Ravi Iyengar engineer at government Mysore Area, India | Defense & Space
mircea_popescu: dexX7 well thanks for that, now at least there's something definite to go by.
mircea_popescu: i can be mircea popescu but ravi dude hasta be ravi, like madonna. cause he's not into business, he's into entertainment.
mircea_popescu: and i mean ravi. if i were to pick up the phone and call samsung hr, who do i ask for ? "ravi" ?
mircea_popescu: the one hit on arstechnica.com is from the cyruss bitcoin guy, which incidentally may end up an ugly mar on his reputation as afair he was quite well researched
mircea_popescu: look at the sources on that : reddit and some bitcoin spamsites.
mircea_popescu: so, is the cointerra thing announced on the known blog of ravi the lead cpu architect of samsung blog ?
mircea_popescu: some douche pretending to be someone cool on this side of the cool isn't particularly trustworthy on that alone.
mircea_popescu: when i moved to bitcoin i said so on my blog, and the people that knew me KNEW it was really me.
mircea_popescu: dexX7 the problem with these statements is that there's no chain of verification.
mircea_popescu: so eve is pushing a 800mb patch what in the loving hell.
mircea_popescu: tho in fairness maybe the labcoin shills are too stupid to show uo
mircea_popescu: by the size of the comment stack it will probably be even more hotly debated!
mircea_popescu: depends what you;'re ultimately trying to achieve anyway.
mircea_popescu: ts are promises of the usg to pay usd. eurodollars are promises of foreigners to pay usd.
mircea_popescu: in a first approximation you could extract something by comparing Ts and eurodollars
mircea_popescu: certainly an intellectually rewarding field to try and comprehend.
mircea_popescu: anyway. this is the heart of human civilisation, finance. it distributes resources and in the end draws the limit for the lives of everyone.
mircea_popescu: i won't lend to you at 5% if i figure the inflation will be 6% now will i.
mircea_popescu: obviously inflation is the lowest basic component of any interest rate.