log☇︎
392400+ entries in 0.139s
mircea_popescu: it is extreme, but about equidistantly from the center extreme as the rest of the crap
mircea_popescu: how much of that pot each gets depends basically on when they sell.
mircea_popescu: that's the pot of liquidity.
mircea_popescu: what we found out yesterday is that those 170k or shares held by various people have about 1-2k btc TOTAL to split among themselves.
mircea_popescu: plenty of people have plenty to sell, to the tune of about 170k or so.
mircea_popescu: 98% of discussion comes from holders of 2% of float.
mircea_popescu: remember the 98% rule.
mircea_popescu: %
mircea_popescu: but i guess by 5 to 105
mircea_popescu: selling hardware has probably a better revenue model, for surer
mircea_popescu: the two aren't really that distinct.
mircea_popescu: yeah, that's a fact.
mircea_popescu: if so, i agree.
mircea_popescu: ThickAsThieves you mean generally, as in, "actual implementation, actual revenue, market trying to cope with pricing it" ?
mircea_popescu: the sooner you digest this fact, and the sooner you get rid of the relativism fallacy, the sooner you have a chance to matter.
mircea_popescu: it has people who know what's what. i'm, one of them. you're not one of them.
mircea_popescu: and all on top of very deep ignorance. bitcoin is not a level field.
mircea_popescu: the mistake here is your proceeding from the intellectually bankrupt ideology of relativism,
mircea_popescu: loading your happenstance with nonsense and calling the lot a "fact" won't help you.
mircea_popescu: look at that, 1% over 3 btc.
mircea_popescu: what whales ?
mircea_popescu: "big players". heh. lots of btc. the whole selloff was 100 bitcoin.
mircea_popescu: random anon on btctalk is not a big player.
mircea_popescu: dude, get out with the posturing.
mircea_popescu: kleeck a reddit post is worth about as much as your "calling" things.
mircea_popescu: how do you figure ? stocks move all the time.
mircea_popescu: dub it's because you're young at hearty.
mircea_popescu: gecko_x2 most users talk to mpex via custom scripts anyway
mircea_popescu: well really it's a broker, but anyway.
mircea_popescu: it's a gui for mpex
mircea_popescu: no but srsly. why not just use coinbr ?
mircea_popescu: or make your own
mircea_popescu: gecko_x2 use coinbr.com
mircea_popescu: can't even scam right, let alone do anything useful with themselves.
mircea_popescu: idiots.
mircea_popescu: so lulzy how the actual miner is plumeting and all the scams are floating as if nothing happened.
mircea_popescu: some bitcoiners would be much better served playing eve.
mircea_popescu: but anyway, in other news : i bought 10bn worth of ice shit in eve yest. today there's a blocade on ice shit.
mircea_popescu: why does everyone come up with this same exact brilliant idea all the time.
mircea_popescu: again with this.
mircea_popescu: for some values of kinda ranging from infinity to infinity.
mircea_popescu: lmao why so mean
mircea_popescu: dub luke doesn't count.
mircea_popescu: at what, 3-4 years of age.
mircea_popescu: soon mtgox will be dead and mpex will be literally the oldest thing in btc
mircea_popescu: otherwise nobody'd stake on them
mircea_popescu: Namworld gotta have short terms with these things.
mircea_popescu: yea
mircea_popescu: pretty decent odds on that yet.
mircea_popescu: http://bitbet.us/bet/495/there-will-be-blood/
mircea_popescu: so many words the author can't afford.
mircea_popescu: the thread is pretty hysterical, actually.
mircea_popescu: https://bitcointalk.org/index.php?topic=269191.msg2879513#msg2879513
mircea_popescu: ThickAsThieves they got it at the kleeck factory. down the street from the pipedream depot.
mircea_popescu: Duffer1 problem is you don't have anyone to bet against.
mircea_popescu: o look, someone with deep pockets really wants to see labcoin succeed too.
mircea_popescu: so how much is this someone with big pockets pay per shill ?
mircea_popescu: !ticker btct asicminer-pt
mircea_popescu: fucking dry spell. 10 hours i had the sprinklers running today.
mircea_popescu: im with dub
mircea_popescu: pretty funny shit. they have 73 jrogers, 6 yokadas but just one plangans
mircea_popescu: To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net
mircea_popescu: To contact the reporters on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net; Yuji Okada in Tokyo at yokada6@bloomberg.net; Peter Langan in Tokyo at plangan@bloomberg.net
mircea_popescu: azn weird.
mircea_popescu: well now like that you prolly have a point
mircea_popescu: countries get kicked in the teeth two-three times a century and come right back for more.
mircea_popescu: things that collapse are conglomerates, like ussr or usa.
mircea_popescu: gecko_x2 they're a nation. they'll be fine.
mircea_popescu: it won't collapse.
mircea_popescu: tho it may be the case they get insect wings.
mircea_popescu: well on the positive side, the japs are certainly going to be the first to grow wings
mircea_popescu: i read somewhere they're leaking two-three chernobyls a month.
mircea_popescu: gecko_x2 yea apparently it's pretty fucking horrid in there.
mircea_popescu: sorta like lambs.
mircea_popescu: mining bubbles run spring to autumn
mircea_popescu: all bubbles end eventually.
mircea_popescu: kakobrekla lmao
mircea_popescu: don't worry, it won't last.
mircea_popescu: lol some things can't even be said.
mircea_popescu: v1.0 beta.
mircea_popescu: The DykeDirk
mircea_popescu: icedrill ftw.
mircea_popescu: ThickAsThieves im so dismayed they've not made a dildo that hashes. srsly.
mircea_popescu: agp 2x
mircea_popescu: maybe they make The Bridge ?
mircea_popescu: i wonder what's next.
mircea_popescu: heh
mircea_popescu: kinda nice of them, pay a little more to the traders.
mircea_popescu: ThickAsThieves more like anyone trying to push a scam trying to make the most of what they perceive as "an opportunity"
mircea_popescu: dub esp if through a pipe
mircea_popescu: this is like saying rome is the best city in the world. well... sure, at some point it was.
mircea_popescu: ny was great about 100 years ago.
mircea_popescu: scratch a bear, go to jael
mircea_popescu: all day.
mircea_popescu: late august is not mid may.
mircea_popescu: by this logic the 12 am paid is about 10 that you lost and about 2 in dividend.
mircea_popescu: minign companies pay amortisation on their capital + some dividend.
mircea_popescu: dexX7 mining companies do not pay dividends.
mircea_popescu: this is unparalleled, by about a degree of magnitude or two.
mircea_popescu: qxzn mining has so far made ~13mn btc.