log☇︎
391300+ entries in 0.1s
mircea_popescu: fractal would you buy it ?
mircea_popescu: fractal it'd never be forbes top 100.
mircea_popescu: ThickAsThieves s/that/what
mircea_popescu: "no" "then stfu and get back in line"
mircea_popescu: "o, we have a mandate fgrom the voters" "well, d othose voters hold any birtcoin ?"
mircea_popescu: ya well. but it's what it is.
mircea_popescu: as in "sec who and quo warranto ?"
mircea_popescu: which as a side point makes all the sec posturing rather lol.
mircea_popescu: not make a few million. fuckall cares. the idea is that the us president will take office upon swearing an oath to the conclave of bitcoin.
mircea_popescu: we're her to take over the world and reshape it drastically
mircea_popescu: fractal pretty much.
mircea_popescu: you can steal gold. you can't hardly steal btc.
mircea_popescu: which is how they ended up with btc in the first place.
mircea_popescu: they jhave no incentive to, as they already have more fiat than they know what to do with
mircea_popescu: fractal i doubt large holders will ever sell.
mircea_popescu: group 3 median like 0.05 to 0.1
mircea_popescu: i would guess group 1 median is somewhere in the 50k range. group 2 median probably about 80-150 btc
mircea_popescu: then there's ~100k people who have some dust, post on forums, what have you
mircea_popescu: basically there's a 1-200 people that matter, holding like 90% of all coins. there's ~10k people with modest holdings, doing another 9%
mircea_popescu: fractal large holders are part of the float as much as small holders.
mircea_popescu: lol matuszed
mircea_popescu: prolly 1k gets you in the top 1k for that matter.
mircea_popescu: fractal prolly 1k gets you in the top 5k
mircea_popescu: well it's hard to say.
mircea_popescu: bitcoin is quite top heavy
mircea_popescu: there's not that much space, plenty of people own more than 10k
mircea_popescu: 1-200.
mircea_popescu: someone should send the labcoiners a digest list of glbse muppets hating mp back in like... august 2012.
mircea_popescu: ;;ticker
mircea_popescu: lol what, rich people are bad mkay ?
mircea_popescu: well it's relevant.
mircea_popescu: but since you're here, link the pix to the other two ?
mircea_popescu: ppl will want to comment on the pastebin lol
mircea_popescu: Anduck why not start a blog at thius point ?
mircea_popescu: 0.2% to buy stuff
mircea_popescu: 0% fees to sell stuff.
mircea_popescu: well actually mpex has always had it eh ?
mircea_popescu: the thing is i know what doesn't work, i don't need to experiment to discover what's wrong with boiler rooms, wash trading, pump and dumps or all the rest of the "internet investment" stuff.
mircea_popescu: maybe.
mircea_popescu: fractal i have a history, by now it's long in btc terms.
mircea_popescu: because the goal is to make bitcoin work, not to try and finesse a few coins out of the masses.
mircea_popescu: they'd certainly fail otherwise. so no, i'd just wait for them to die.
mircea_popescu: ifg they're smart.
mircea_popescu: significant competition would participate in the same market, face the same constraints and take the same measures,
mircea_popescu: if random chinese asic manufacturers would help rather than hinder we'd be moving a lot faster, but even so, we're moving.
mircea_popescu: this is deliberate, helping the community professionalize.
mircea_popescu: fractal there's brokers doing exactly that.
mircea_popescu: Rulother coinbr.com you mean ?
mircea_popescu: i've said it's only going to go up in the future, and it's a fact.
mircea_popescu: the fee was originally 0, for people who wanted to beta. it went up from 20 to 30 when glbse failed.
mircea_popescu: someone actually rtemembers what scamlab was claiming a few weeks back
mircea_popescu: http://bitbet.us/bet/521/labcoins-own-130nm-design-sample-chips-will-be/#c1302 << SHOCKING!!!
mircea_popescu: same principle, not same volume
mircea_popescu: bujt nothing like the whale.
mircea_popescu: fractal iirc i made ~20 btc betting too
mircea_popescu: i hadn't realised how fucking integral to btc ecosystem trilema is. i'll have to get redundancy for that too now ?!
mircea_popescu: sadly.
mircea_popescu: there;s anarticle on trilema discussing it somewhere, remind me to link you sometime
mircea_popescu: fractal i was one of the large early investors.
mircea_popescu: that's exactly true.
mircea_popescu: dude you've been touched by truth. that's true innit.
mircea_popescu: ^
mircea_popescu: "please agree X is a great company to spare me the emoptional cost of readjusting with a contrary and grossly dissinterested reality"
mircea_popescu: well that's not so very great a reason is it.
mircea_popescu: rather than this underhanded bs. does anyone actually imagine it works ?!
mircea_popescu: i wonder why people don't just say "dude, i'm a big labcoin fan, because x y z"
mircea_popescu: at this rate she's going to be more famous than me
mircea_popescu: hm, did that bobbard character only drop by to bitch about mpoe-pr ?!
mircea_popescu: i wanna scoop her up early
mircea_popescu: i wouldn't want to miss up on the next cher.
mircea_popescu: a ok
mircea_popescu: recommend something ?
mircea_popescu: you know i never heard of her.
mircea_popescu: Swift moved to Nashville, Tennessee at the age of fourteen to pursue a career in country music.
mircea_popescu: masturbatory sexualness, i think it comes as a food additive.
mircea_popescu: what, skin them, fill the husk with hay and reannimate it with the dark arts of necromancy ?
mircea_popescu: you're not allowed to agree with anything if you want a good argument to keep going
mircea_popescu: ThickAsThieves i think it died once fractal said the magical word i agree
mircea_popescu: which has been perpetually a problem in any attempt at justice.
mircea_popescu: just saying that the definitions of words aren't at all that pinned down as we like to think them
mircea_popescu: anyway, niot saying the laptop example controls
mircea_popescu: you bought a laptop that'd run for months not for hours.
mircea_popescu: but you can't really run the laptop w/o power except for two hours
mircea_popescu: well ok, i know exactly why. you caught me :p
mircea_popescu: ThickAsThieves not sure why they're that aggitated anyway.
mircea_popescu: fractal ok, but do answer. is it a unit or two ?
mircea_popescu: bobbabad_ i can ignore you if you absolutely want that.
mircea_popescu: but seriously, if i buy a laptop, which comes as two item (power supply + laptop) am i buying one or two units ?
mircea_popescu: is it two units ?
mircea_popescu: fractal what about the power brick ?
mircea_popescu: little will she know that BITCOIN!!! touched her life.
mircea_popescu: i sort-of wonder if after this people will go have some nice icecream and argue over the cones with the poor hapless waitress.
mircea_popescu: bobbabad_ it's not a comeback. it's an attempt to help you start on the work of self-education. do try and answer the question, it's important.
mircea_popescu: bobbabad_ who are you and why do you think it matters how things look to you ?
mircea_popescu: as it should.
mircea_popescu: but that's the problem bitbet is resolving. slowly and verbosely.
mircea_popescu: we don't. yet.
mircea_popescu: most intellectual spaces have what's called "Terms of art" to come to terms with the problem
mircea_popescu: ThickAsThieves it's a problem this, getting language to work for the purpose of communication in a novel space.
mircea_popescu: ThickAsThieves that's not even true