397400+ entries in 0.169s
mircea_popescu: and if that'd happen they'd immediately buy groceries.
mircea_popescu: for the benefit of people whose income could at most be upset by finding 20 bucks on the sidewalk,
mircea_popescu: sdrs are for participating states. bitcoin is for participating people. not an exact equivalent, but it does explain well how something can have value and not be exchangeable for groceries
mircea_popescu: i have my doubts about random muckracking emptyeddepended
mircea_popescu: just like i showed the SDRs as the exact equivalent, and people ignored it because well... they never had one so it don't exist.
☟︎ mircea_popescu: and everyone ignored it because welll... they didn't like to hear it.
mircea_popescu: but they make a poor standard, as they're not wealthy or socially needed.
mircea_popescu: i understand that the life of most consists of a daily struggle to produce "A little pocket change".
mircea_popescu: ThickAsThieves what if you turned all your dollars into land ?
mircea_popescu: if you turn all your dollars into btc ostensibly political process and government behaviour no longer affects your wealth.
mircea_popescu: the only way the terms make sense is if you're talking about fiat's value (in Bitcoin)
mircea_popescu: only way to make it appear relevant is through a leap of faith, aka willing suspension of thought.
mircea_popescu: this is however vastly irrelevant. squirrels are squirrels and people only matter inasmuch as they manage to treat that which matters rather than that which they "feel" is "relevant"
mircea_popescu: to "most others" whether squirrels are happy is "relevant"
mircea_popescu: i disagree that the cost of bitcoin in dollars is relevant for anything but bernanke.
mircea_popescu: <ThickAsThieves> maybe there should be a btc-alliance, businesses that refuse to accept fiat << yeah. there is. everything i do.
mircea_popescu: most of the economy is NOT goods, and most business cycles are not tangible in that snese.
mircea_popescu: but if you divide the total money supply to the total goods supply you'll get 85`000 dollar apples.
mircea_popescu: i get that everyone has this personal "o, itams" approach to finance,
mircea_popescu: ThickAsThieves there is totally btc business cycles. dice corp takes in profits, distributes to shareholders.
mircea_popescu: this has little to do with bitcoin, is just how fiat reflects itself in it.
mircea_popescu: the FIAT PRICE of bitcoin is dependent on the flow of fiat.
mircea_popescu: somehow people have come to believe homebrew is a better solution than the actual solution for some reason.
mircea_popescu: wherein you could make symmetrical assets which allow you to play the mining futures market
mircea_popescu: afaik tat.vm is an attempt by ThickAsThieves to implement the old brendio idea,
mircea_popescu: how much premium today would you want to give away your btc capital tomorrow ?
mircea_popescu: start thinking not from "o i could make some btc" perspective but fgrom the "how could i employ my btc" perspective.
mircea_popescu: the problem is exactly that. you can end up with 500k btc in liabilities. then what ?
mircea_popescu: <mjrIII> while bitcoin is volatile, it isn't that volatile << so you think.
mircea_popescu: like half of the bitcoin heists are traceable to ruby being a promiscuous piece of shit
mircea_popescu: so yeah, you're hardly in the weird forrest of novelty here.
mircea_popescu: so far namecheap is taking btc, i have yet to hear any bitchin'.
mircea_popescu: i doubt anyone cares. the recent internet bullshit trying to bother some restaurant resulted in more customers rather than less.
mircea_popescu: i mean sure there's idiots boycotting this or that because they kill bunnies or w/e.
mircea_popescu: like, not go to a restaurant because they take both visa and maestro and you hjate maestro ? lol.
mircea_popescu: nobody will NOT use a service they were going to use because there's more ways to pay than the one they use
mircea_popescu: anyway, i've yet to comprehend this. i think paying attention to what people say (like on their own shitty blogs) is a waste.
mircea_popescu: cads i really have no idea who'd be repelled by bitcoin
mircea_popescu: is this from the first ever second conference in london ?
mircea_popescu: i doubt anyone gives a shit about some obscure blogger that knows shit he doesn't understand.
mircea_popescu: i've noticed this, miost of the "real truth" sites have horrible ad arrangements.
mircea_popescu: "Is, and always will be a scam… You can’t even find a real answer about bitcoins, even after you dig for hours through hundreds of links. Useless programs, useless dead sites, useless"
mircea_popescu: "We all know Bitcoin is a sham, it’s a pyramid scheme"
mircea_popescu: you will spend way more than 22k on legal fees over the next decade.
mircea_popescu: let me explain something to you. if you are named as an accessory to identity theft computer fraud etc,
mircea_popescu: you logging in from your home links you to the phishing he was doing.