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mircea_popescu: for that matter, 19th century england was trying to create demand for silver by making 50lb silverware sets a sort of middle class standard
mircea_popescu: silver is pretty much like seasalt, can make as much of the stuff as you can possibly ever want.
mircea_popescu: you don't get proper ones till about 12 or so, and the owner always objects to having teeth pulled.
mircea_popescu: tell you wahjt, if i'm the boss of a tribe and i need a curtrency ima make teeth the currenyc.
☟︎ mircea_popescu: ThickAsThieves what amuses me the most is this "silver is valuable cause it can work as currency" nonsense.
mircea_popescu: listen. in 2011 alone, mexico alone produced ~4500 tonnes of the stuff.
mircea_popescu: it goes from 5 to 50 and back and again with the folly of the crowds, over the decades and centuries.
mircea_popescu: look. there's more than 100x as much silver available as gold. for every 6 dollars or so that silver goes up in price the production capacity doubles
mircea_popescu: gold is money. silver is this thing that poor people keep tryiong to pass as money
mircea_popescu: silver is abundant. people have been trying to sell it as worthwhile and "an investment" or "money" since the great debates in the us in the 1800s
mircea_popescu: WILLdude it will keep climbing until all the noobs are tapped out at which point it will stop climbing
mircea_popescu: "This is all nice and good, usagi also imagines he is fully compliant with what he understands of all applicable regulations. What is your MSB registration # ?"
mircea_popescu: sturles so you are not aware you actually promised to keep your information up to date ?!
mircea_popescu: sturles apparently nobody reads anymore. anyway, you have ever opened a bank account ?
mircea_popescu: because the good lawyer is expensive and wanted even more to get involved wuith the weirods, and the "just as good" cheap lawyer... isn't just as good.
mircea_popescu: Bugpowda because he doesn't even know what that means.
mircea_popescu: sturles you realise he also signed a rider saying he'll keep the info up to date.
mircea_popescu: first they take all his money and make him go through the court system for half a decade.
mircea_popescu: <Chaaang-Noi> gox seems to be legit in japan << based on what ?
mircea_popescu: i don;'t think anyone seriously expected anything be better organised than their trade engine.
mircea_popescu: you don't get his liocense, but you probably get his girl.
mircea_popescu: this is what your lawyers do for you during that dd mysterious activity.
mircea_popescu: ThickAsThieves people. not retarded children with neckbeards. people.
mircea_popescu: he has nothing to sell. his engine is a laughingstock, his brand name is like enron's
mircea_popescu: ThickAsThieves afaik the only properly licensed exchange was bitcoion=-central
mircea_popescu: luckily most of the larger players had enough sense to listen and gtfo
mircea_popescu: maximian he's in one of those positions where his only practical way is finding someone bigger to rat on
mircea_popescu: KRS-1 conspiracy is the easiest to prove, are you kidding ?
mircea_popescu: plus conspiracy seeing how that'd be darn easy to prove
mircea_popescu: Enky im sure they're going to tack wire fraud in there somewhere
mircea_popescu: tbh i don't think someone who doesn't know btc can use bitbet