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mircea_popescu: hence i've been pushing for people to make blogs since forever.
mircea_popescu: i don;'t think that can work as an automated thing. i think it has to be curated
mircea_popescu: and if there's a superservant avatar, the gheisha is it.
mircea_popescu: well teahouses to be fair to the actually larger azn tradition
mircea_popescu: and in general, whenever someone is willing to play the superservant, his thing will be a hub of conversation.
mircea_popescu: it's a fact tho. for the past year or so kakobrekla has been acting the superservant, and as a result the chan came to dominate bitcoin discussion.
mircea_popescu: well 10yo people aren't particularly jewish or anything else. just kids.
mircea_popescu: one of the chief points thereof being that if you ain't laughing you ain't got it.
mircea_popescu: which happens to be a pretty smart way to look at life and everything.
mircea_popescu: he killed the cool jews. at the time european jews were mostly hasiddic
mircea_popescu: you know, the one annoying thing hitler did was... he didn;t simply kill all the jews he could get.
mircea_popescu: ThickAsThieves that was so funny, how keiser deleted all his content
mircea_popescu: yet people NEVER are willing to just do the right thing for fucks sake.
mircea_popescu: the free market proves its superiority again and again and again
mircea_popescu: this channel is pretty much the best venue in all of bitcoin, in spite of there being no mods and nobody giving a shit
mircea_popescu: that channel has gone pretty much to shit, in spite of a lot of rules, a lot of dicking about and a lot of nonsense.
mircea_popescu: more than a year ago i left bitcoin-otc over a dispute about moderation.
mircea_popescu: <ThickAsThieves> the channel lives through much worse daily << it's kind of funny to me, this.
mircea_popescu: reasonably, the long term prospect of bitcoin is up. the long term prospect of volatility is down.
mircea_popescu: well, you know... it's bitcoin. the only way is up (up! up!)
mircea_popescu: ThickAsThieves maybe he just wants to tell me random insane shit i said x time ago finally made sense to him.
mircea_popescu: why don't options get their own mpsics like in NORMAL SANE PEOPLE LAND
mircea_popescu: and why are options trading in the underlying or wtf nonsense have you kids cooked up this time ?
mircea_popescu: might explain why actual ws types aren't as worried about it as the forum variety seekrs.
mircea_popescu: ThickAsThieves you know most pro traders irl trade one asset class.
mircea_popescu: afaik this was discussed in the forum fiat500. the blowout rate was like 30%, making any interest under 5k pa or so a losing proposition.
mircea_popescu: as far as i know tho, it's the borrowers who come to the terms of the lender
mircea_popescu: b0n1 not quite enough market data yet to answer that q.
mircea_popescu: that's why it's not legally surprising a bank takes its depositor funds. they are unsecured creditors. the bank is the owner of all funds deposited by anyone.
mircea_popescu: hehe. it is a good thing. and you are exactly correct, by thwe way, it's a point few people understand
mircea_popescu: <jurov> okay to me it looks like a loan. and borrower thus owns the coins, with purported obligation to fullfill some conditions later << methinks j man has been doing a lot of reading up lately.
mircea_popescu: "My partner and I had reservations for 6:45. By 9:30, we still hadn't received our pizza."
mircea_popescu: you're talking to the one guy who prevented that back when it actually had a chance.
mircea_popescu: the good news is that back in 2011 they had about 2mn btc, then in 2012 they had about 100k
mircea_popescu: there's a crowd of idiots who want to invest in-crowd.
mircea_popescu: if i ever list ltc it will be because i'm moving off btc.
mircea_popescu: i'm a monomaniac sort of guy. i idle in one irc channel only. i handle one cryptocurrency only.
mircea_popescu: really slow uptake. i guess that's what you get when something starts as a hobbist market : hobbists.
mircea_popescu: it certainly wasn't well presented seeing how nobody got it at the time.
mircea_popescu: truth of the matter is miners are so far away from any sort of financial understanding it's probably wasted effort to debate which of their dumbass notions should be contradicted etc.
mircea_popescu: nevertheless, it helps if you contradict something germane to the issue rather than something random, i think.