396200+ entries in 0.109s
mircea_popescu: and there's 5bn of them all over india china south america etc
mircea_popescu: google created a generation of clever chaps that use synonyms to "create original, fresh content"
mircea_popescu: microsoft created a generation of drooling dweebs who expect to click on shit.
mircea_popescu: google has done more damage to the world than microsoft by now.
mircea_popescu: because that's the problem, knc will flood the network.
mircea_popescu: and deposits just flushed if anyone was waiting on anyrthing
mircea_popescu: mike_c i guess some people just don't like to read or something
mircea_popescu: sky_king_ so if you have a seat you certainly can get into the pt/investment game
mircea_popescu: sky_king_ ok, so what do you know about bitcoin finance, mpex, etc ?
mircea_popescu: sky_king_ not really. there's a shortage of people who put the 500-1k hours into reading all the shit and generally are ready to do a whole lot of very skilled labour.
mircea_popescu: maybe if you gety any sort of volume you can have your very own dedicated full time
mircea_popescu: <peterl> TAT, if you just sold some for above the MPEX ask price, then go buy those shares and sell them to the PT <<
mircea_popescu: what i always say is, go on the market, see what's lowest ask and highest bid and put right in the middle.
mircea_popescu: let's take this other example : i play eve. eve has a gazillion weird items. noobs want to know what to sell or buy for
mircea_popescu: there is such a thing as premature optimization. bitcoin ain't there yet.
mircea_popescu: mike_c there wasn't a causality there. the idea is to make a litte over more volume rather than trying to optimize your rake on .x btc
mircea_popescu: which is to say very poor and very hungry and very defeated.
mircea_popescu: mike_c narrowing the bid/ask spread is the fucking point of life on earth.
mircea_popescu: topace_ i suspect it's some refund of something or the other.
mircea_popescu: that's what you do. then if you do that the exchange you're active on grows and bitcoin generally grows too
mircea_popescu: your job is to provide liquidity both ways and close the zero-infinity window asap.
mircea_popescu: and your job isn't to sit and bohoo over the misteries of price
mircea_popescu: your job isn't to sit and worry about what if these are the last five shares and we gotta make them last the winter
mircea_popescu: ThickAsThieves there's millions of shares in warrants at 1.x ish
mircea_popescu: options are simple : broaden the base or try and skim as much as possible.
mircea_popescu: you are aware about what volume it traded on ipo right ?
mircea_popescu: rather than try to make .5 btc as 50% of a bitcoin, the idea of economy, growth and generally progress is to make virtually nothing at all over cvasi infinite volume
mircea_popescu: obviously the market will route around this sort of nonsense.
mircea_popescu: this position is unwarranted, and an inclination to assume it marks you as one of those that have to be kept away from it all.
mircea_popescu: if you sell for twice the price basically you've fancied yourself a sort of blessed prince of bitcoin who taxes 50% of capital
mircea_popescu: ThickAsThieves this is all very primitive, but let's go into it.
mircea_popescu: markets exist to allocate capital not to cause friction
mircea_popescu: ThickAsThieves the moment you're factoring in "Scarcity" you've fucked up.
mircea_popescu: pigeons is there a trollbox in this bitcointernet that you don't keep tabs on ?
mircea_popescu: it must be a mental deffect of people. everything's online. nobody reads, noboduy knows anything.