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mircea_popescu: even earlier. pick a time and place, they had some sort of town screwdown.
mircea_popescu: the only way people can pack that tight : everyone washes, everyone moves slowly etc
mircea_popescu: freedom is great for rural areas. to live in a city you must necessarily be very, very submissive.
mircea_popescu: i wouldn't want to live next to some random penny-ante inkeeper in his mind.
mircea_popescu: so basically the model is, fuck your relationship with your landlord and the city hall
mircea_popescu: klout is kinda funny, keeps sucking my cock. "o, you've been retweeted 67 times this week. average uis 6"
mircea_popescu: it is against city ordinances too , in most metro areas.
mircea_popescu: benkay yes. it is against your lease pretty much everywhere to sublet
mircea_popescu: it's getting disgusting to watch, all these "businesses" into mass-gutting
mircea_popescu: benkay consider : myspace sold itself for a bn. back a decade ago, before the qe. groupon's COMPETITOR is valued north of 3bn, after shedding a lot of valuation.
mircea_popescu: for the sort of position, for the sort of circumstance, 1 bn is a joke.
mircea_popescu: and now you're getting all excited cause erik is playing a lot of defense
mircea_popescu: the funny thing is on one hand i told everyhone when they were here to be defensive players
mircea_popescu: 's moving stuff back and forth he's providing liquidity which is still a service.
mircea_popescu: at least you don't have 45k in college debt for the priviledge ThickAsThieves
mircea_popescu: except we don't yet have the long term for the later, so.
mircea_popescu: the market is a voting machine doubling as a weighing machine
mircea_popescu: ThickAsThieves look, everyone does his own thinking, has his own expectations...
mircea_popescu: as far as i know there's a total of three people actually qualified to be doing this.
mircea_popescu: depends if you're a daytrader marking to market on a daily basis.
mircea_popescu: the idea is for btc to be a safer place than anywhere else, not some mythical land you raid now and again
mircea_popescu: the idea is that you perceive this medium as dangerous and i aim to make it safe.
mircea_popescu: the great advantage of btc is that it'sd a perfectly even ideal field on which everyone's understanding can be tested
mircea_popescu: ten years down the road things will have played out as i said they will, and they could no longer play any number of ways.
mircea_popescu: yes. this is the thing : at this point anything "could" happen
mircea_popescu: the only way this divide will be healed is through time. so i'm not in any rush for anything to happen.
mircea_popescu: nevertheless, i won't have any of it, it's not what i'm building nor what i stand for.
mircea_popescu: this may be informed by experience, heck, it may even be the correct stance in btc.
mircea_popescu: ThickAsThieves basically where you're coming from is this : "i'm here in the land of the thieves, better pack as much and run while i still have my legs"
mircea_popescu: contracts (like any other thing in the world) work by working not by being broken
mircea_popescu: no contract protects the investors or any parties against the very contract being breached.
mircea_popescu: it clearly delineates what anyone can reasonably expect. etc.
mircea_popescu: you don't have to agree, but you won't change this whether you agree or you don't.
mircea_popescu: bitbet is small. asicminer doesn't practically exist. it's take it or leave it.
mircea_popescu: ThickAsThieves as far as i can see, other than mpoe (which may well be oversold), sdice is the only investment available atm.
mircea_popescu: you're buying into someone else's specifically so as not to have to deal with that.
mircea_popescu: you want to be involved in business planning, start one.
mircea_popescu: most companies fail to file at all after their first year
mircea_popescu: if this is a spark but not a fire then what can io tell you
mircea_popescu: sdice always was and still is the majority of rthe blockchain
mircea_popescu: it will behave accordingly. you want excitement, chase the vircurex ipos or w/e
mircea_popescu: ThickAsThieves that's fine but not all things are that.
mircea_popescu: anyway. point being : the hammer has not grown. it is what it is.
mircea_popescu: ThickAsThieves this growth thing... it often is illusory.
mircea_popescu: in my mind investors are making a revenue from their holding