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mircea_popescu: see, if you take a credit and then receive a letter from the bank saying you are late on repayment
mircea_popescu: do you suppose soon enouigh we'd have a deal whereby it's ok to send farts, but i have to notify you when i do ?
mircea_popescu: currently mizuho is eating a lot of overhead handling the mtgox situation, exactly because the reporting involved in that pooling is being made more ciomplex and more expensive
mircea_popescu: buit they ARE cutting mtgox's stuff. sooner or later mizuho will have to say sorry you can't bank here.
mircea_popescu: the us banks are currently refusing its correspondence
mircea_popescu: the other banks were possibly going to stop corresponding with bs
mircea_popescu: correspondence in this context means accepting someone's promises to pay.
mircea_popescu: bear stearns was a highly leveraged and thus risky money handler.
mircea_popescu: bs collapsed on the POSSIBILITY of banks refusing their correspondence.
mircea_popescu: pankkake more like "so you're marked for death" "yeah"
mircea_popescu: "PS: I came damn near to tearing your apology to pieces, but now can't, you fuckin' lucky bastard. "
mircea_popescu: the same will happen here, but not because dooglus fucks up
mircea_popescu: your theory about s.dice may be correct. if it is, erik fucked up.
mircea_popescu: this model ensures he has money one time and one time only : when it just won.
mircea_popescu: the casino needs money one time and one time only : when it just lost.
mircea_popescu: i think the variance from noob investors going in/out might prove too much to handle.
mircea_popescu: i mean. calculating the profit for the thing is distinct from calculating his investment roi
mircea_popescu: if 1mn is bet on jd his take is 100btc, and this is gross
mircea_popescu: point being, if every brick in a wall contains an usb unit
mircea_popescu: archival ? there's one post left out of what, 10-20 pages
mircea_popescu: now look in the cam and say "i'm white trash and im on irc!"
mircea_popescu: tie up the wife and call in a whore << sounds like a winner.
mircea_popescu: "Effective immediately, we are discontinuing all business operations pending a business model review. At this time we are unsure when, and if we will resume operations in the future."
mircea_popescu: Thank you for the email. As of now there is a delay in bitcoin transactions. We apologize for the inconvenience caused.
mircea_popescu: if it did i'd say it's veering worryingly towards fpga
mircea_popescu: you don't flash asics anyway, or am i grossly confused here ?
mircea_popescu: as it'd be insanity to flash chip by chip after mounting in the unit
mircea_popescu: i imagine they'd have one of those higher volume flasher things
mircea_popescu: that part could be easily explained. the firmware is being flashed before the chips are put in
mircea_popescu: "If these units have been produced a week ago, like we are being told (new magic smt line, 50 units per day), how is it that they have an April firmware on it?"