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mircea_popescu: roughly speaking it became improfitable at about 10k weight.
mircea_popescu: ThickAsThieves well it's pretty much defunct now, but my point is it being liquid when it closes.
mircea_popescu: how many people need to hedge exposures over hundreds of btc ?
mircea_popescu: ThickAsThieves in principle there's not much keeping you from making any bets you want, two weeks, a week, w/e.
mircea_popescu: who was asking me for evidence they're running fractional reserve two months ago ?
mircea_popescu: Drescher took the paper that was offered him and put it into the toaster, saying: “I wish the toaster to be happy, too.”
mircea_popescu: “I would like to give you this personality test”, said the outsider, “because I want you to be happy.”
mircea_popescu: A disciple of another sect once came to Drescher as he was eating his morning meal.
mircea_popescu: Knight, seeing what the student was doing, spoke sternly: “You cannot fix a machine by just power-cycling it with no understanding of what is going wrong.”
mircea_popescu: A novice was trying to fix a broken Lisp machine by turning the power off and on.
mircea_popescu: <Rulother> you know you can't just power cycle a machine with no idea what's going on :D
☟︎ mircea_popescu: they want random idiot to bring his friends, random idiots as himself.
mircea_popescu: "Sisters Penny and Jane Lowe are arrested for hitchhiking and skinny dipping and are sentenced to work on a rural farm for a corrupt agricultural magnate named Tropp."
mircea_popescu: gecko_x2 rthat's a property of all good spirits (ie, not industrially produced crap)
mircea_popescu: gecko_x2 he's not started drinking professionally yet :D
mircea_popescu: cheap nobrand instant is made out of dead indian baby girls
mircea_popescu: ThickAsThieves so if i buy X seats i could take your asset offline ?
mircea_popescu: i wonder if any troll registered asicminer yet on the forum
mircea_popescu: let's not spoil our perfectly good sexism with racist overtones plz.
mircea_popescu: i think sugar is universally more dismissive than baby
mircea_popescu: in 2014, once the bitcoin foundation approves the new bfl protocol.
mircea_popescu: you can change your name for the cost of a sworn affidavit.
mircea_popescu: make a fucking name for yourself. jokes are good for as long as you wear short pants.
mircea_popescu: not like ignorance should defer to experience or anything. kleeck called it!
mircea_popescu: ThickAsThieves if you recall, i explained when they introduiced it why it's a bad idea.
mircea_popescu: neither of these are likely. neither of these is impossible.
mircea_popescu: you can guess there's probably more than 1-2k btc wanting asicminer today. what if it flash dropped 90% ?
mircea_popescu: also, to be always remembered, liquidity is a fickle beast. it appears solid when not needed. take the more obvious case of a casino : if a dice site is making btc, it has investors. what if it's 50k btc under on 100k btc total played ?