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mircea_popescu: well this is called price formation you know. the market atm is incredibly wide
mircea_popescu: i imagine if the price is too high it will undercut you,
mircea_popescu: well the only way forward is for you to present this at the upcoming "first" coinsomething conference
mircea_popescu: (fwiw, the romanian expression is "you can only fuck her after you roll her in flour and find the wet spot")
mircea_popescu: of course it would by definition be for more per share, but nothing wrong with that in principle.
mircea_popescu: deadweasel the two are not distinct however. you can just wait out the ipo, see if any value arises and then buy in lateer
mircea_popescu: as the article says, unlike all the other mpex ipos, which were sale by owner of established product, this is new biz.
mircea_popescu: asking me about "is the problem already solved" presumes we're past step 3
mircea_popescu: step 1. some people decide on a problem to solve ; step 2. those people come up with a way to do it and calculate resouerces needed ; step 3. those people gather the needed resources.
mircea_popescu: but anyway, bitcoin is basically game currency. that's what it's for.
mircea_popescu: deadweasel hehe, first things first. ipo, the nwe see what btc is gathered together.
mircea_popescu: actual mpex contract later today, actual ipo closes on the 10th
mircea_popescu: very comical one, if you understand the language and law
mircea_popescu: there's two problems with that. the first, that the law does not speak of instigation, it speaks of doing, and as such it's not clear how can you hold C responsible for genocide, except in the case you can show he himself killed, hurt, imposed etc.
mircea_popescu: for the sake of lulz quote the original i'll translate properly.
mircea_popescu: the government of President Bashar Assad took the trouble on Sunday to warn its citizens against travel to neighboring Turkey on the grounds it might not be safe there.
mircea_popescu: this is niot how it works. they who are worth millions hire a consultant. those who aren't worth millions pray.
mircea_popescu: sounds like a difficult thing, you're not a lawyer. how'd you compose one ?
mircea_popescu: but as a general rule of thumb, if they don't speak english they probably don't have the english brain rot either.
mircea_popescu: saulimus afaik it is not open to borrow, it's just tradefortress' private bond.
mircea_popescu: realistically i don't imagine he can justify the costs of so doing.
mircea_popescu: KRS1 fwiw i don't buy his entire "had the tab open must have acciodentally typed in" theory.
mircea_popescu: he got the fincen reg and was in the process of licensing
mircea_popescu: which is why this is important : proof that no, they don't just want the data.
mircea_popescu: this latest event is clear proof this ain't the case. the guy was meticulously keeping track of customers.
mircea_popescu: the end of dt is a lot more important news tbh. pretty soon the us will be cut off from btc completely.
mircea_popescu: "how can you make a loss with those spreads !!11" and other amateruness.
mircea_popescu: "hey, you two. you're now married. eat each other out!"
mircea_popescu: what if i went down the street, picked two women and went
mircea_popescu: but this isn't how it works. you don't abstractly create relations between unrelated in fact items