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mircea_popescu: unfortunately for the usg, bitcoin is much larger than the united states ever could have been
☟︎ mircea_popescu: he asks what am i doing, i say i'm having a triple cognac and doing my books.
mircea_popescu: so i'm talking to an old friend, haven't spoken in years. he's an accountant.
mircea_popescu: i have no idea how you could have lost tons of money on it since it's trading at top atm. what did you pay ?
mircea_popescu: Guest16230 seems it's up 50% this month, what are you talkin' aboot
mircea_popescu: "State Seizes Two-Year-Old Child From Parents Because They Smoked Pot, Child Dies in Foster Care"
mircea_popescu: i think teh gpg is really counterintuitive or something
mircea_popescu: ThickAsThieves actually it's funny cause i had like 3 instances last month.
mircea_popescu: thestringpuller well... there was a rash of them, but it abated.
mircea_popescu: ThickAsThieves i can start to see where the "for your personal amusement" part could come in
mircea_popescu: thestringpuller the funny part is, that quote's older than 2/3 of smidge's index.
mircea_popescu: i recall we discussing accounting standards and me saying just use an0 thats what its for
mircea_popescu: thestringpuller it's simple. if you put in domain.com, the avatar is loaded from domain.com/avatar.png
mircea_popescu: since i won'd do it myself cause i know shitall about mining, and nobody else does it basically because nobody else has the capital
mircea_popescu: if you think about it, that's half of asicminer's total profits, and for that matter prolly > 10% of its entire profit over its entire lifetime forever.
mircea_popescu: thestringpuller not necessarily, but miners don't have 50k spare btc laying around.
mircea_popescu: ThickAsThieves were you here back when he came in to like... i dunno, cuss me out as a pr exercise i guess
mircea_popescu: there was a mm a while back but things diodn't work out so well for him.
mircea_popescu: dexX7 yeah. thing is s.mpoe was over half a mil btc back when asicminer was worth ~0.
mircea_popescu: dexX7 the volatility part is true but also very problematic in btc
mircea_popescu: well... like any garage sale, people like the crap buckets.
mircea_popescu: actually you should probably have 3 : i. large ; 2. small ; 3. scam (or w/e, politely named, "no income yet")
mircea_popescu: but anyway, here are your problems : put am, mpex (and used to be sdice) in there, you've got 2 mn+ btc wiping everyone else into irrelevance. you don't put any of them well... it's weird parade. (which is wjhy i suggested making two categories)
mircea_popescu: yes, it's a compromise, but what are you compromising and on what basis ?
mircea_popescu: smidge you can't arbitrarily cap things out, it makes no sense.
mircea_popescu: i think maybe in the 90s irc was bigger in europe than in the states
mircea_popescu: it'd seem to me this is an explanation not a hand-weaving.
mircea_popescu: the 2nd was decided on "whether it trades or doesn't trade" not on whether it's 0 or isn't 0.
mircea_popescu: the 1% theory is also weak, as the site charges the same total no matter who wins.
mircea_popescu: but i think the drama theory is weak. seems going the other way would have generated more.
mircea_popescu: well, as a matter of fact i can't see such a contradiction.
mircea_popescu: but anyway, the text : "S.DICE on MPEx will trade at or below .0016 BTC before October 2013."
mircea_popescu: right. so anything is higher than 0, so there yo uhave it.
mircea_popescu: well the idea is that undefined variables are nil. if there's no X trading on Y, the correct value for X on Y is 0.
mircea_popescu: s.dice used to be the bitcoin dice site, but seems justdice stole that crown
mircea_popescu: looky : s.mpoe is the bitcoin stock exchange. bitbet is the bitcoin betting site.