405200+ entries in 0.127s
mircea_popescu: BitHub the friedcat guy won't sign contracts basically.
mircea_popescu: the fiorst edition was actually planned/invites sent in jan/feb.
mircea_popescu: asciilifeform burnside coingenuity davout DBordello Diablo-D3 dub FabianB_ imsaguy jborkl jcpham kakobrekla leotreasure mod6 nanotube pgp rdponticelli smickles_ ThickAsThieves thestrin1puller topace_ and everyone else ^
mircea_popescu: i have serious doubts that's happening again. ideally it won't need to.
mircea_popescu: on the recent fork it proved itself to work quite well.
mircea_popescu: there is however a messaging system build into most clients, to notify merchants if there's a split etc.
mircea_popescu: it's a moneybags issue, and who's to say they don't have a plan ?
mircea_popescu: the drop from 260 to 100 was certainly an investment. people lost money in order to prove bitcoin is not a pump asnd dump.
mircea_popescu: price will then diverge towards one chain closing in to 100% of the total.
mircea_popescu: people with weight will just pick, sell the loser buy the winner
mircea_popescu: which means everyone has 2x as many btc as he used to have : half on each fork
mircea_popescu: if the chain splits there's basically two distinct histories
mircea_popescu: chains are just that, sequences of blocks, which are made up of txs
mircea_popescu: as a result prices will rapidly diverge, panicking the mass of users, and the fork is economically resolved.
mircea_popescu: he will sell his btc on one and perhaps buy on the other.
mircea_popescu: since fork means btc can be spent independently on either chain
mircea_popescu: whoever has enough money to matter is likely to pick one chain for whatever reason
mircea_popescu: you're more resilient than him because you have no backbone, but that doesn't amount to much.
mircea_popescu: back to the matter at hand : pumping is a bad idea. universally.
mircea_popescu: which is why only new people give a shit what you think.
mircea_popescu: sure, you tend to think whatever's convenient at the moment,
mircea_popescu: and quite frankly i dislike that particular outlook because it's just bad for business, and for bitcoin in general.
mircea_popescu: not everybody is desperately trying to turn their fifty bucks into a million.
mircea_popescu: that's the whole story. stop confounding your hopes for the future with the history of the world,
mircea_popescu: they were both started about the same time (april 2012)
mircea_popescu: asicminer is a. never got that much invested ; b. never got that much traded in its lifetime history ; c. barely paid 10% of that in dividends so far.
mircea_popescu: Chaaang-Noi you claimed coupla days ago that am is going to pay more div than s.dice
mircea_popescu: ThickAsThieves maybe so. this discussion is not about the future however.
mircea_popescu: he however only blows it the direction that favours his bias.
mircea_popescu: the funny thing with Chaaang-Noi is that math illiterate people are equally likely to blow a degree of magnitude either direction
mircea_popescu: i did the math, turns out he's a degree of magnitude off, as per usual
mircea_popescu: ThickAsThieves maybe it will. he was arguing really strongly that am is a contender two days ago.
mircea_popescu: you need to hit 0.012 for 4 weeks straigjht to equal s.dice
mircea_popescu: Chaaang-Noi you know, i've been reviewing this. 0.0007 per share per week does not go very far.
mircea_popescu: i guess all the people buying into the ipo got owned huh.
mircea_popescu: Please do not deposit any further coins to your Vircurex accounts. We must assume that the wallet has been compromised."
mircea_popescu: "The systems Vircurex.com and Cryptostocks.com have been taken offline over the weekend
mircea_popescu: i actually suspect a large section of the btc failnoobs are here because they think bitcoin being based on maffs means that it'll do all the maffing for them
mircea_popescu: of course their intent is to lampoon normal female maturation into "Something bad". as if staying a retarded 7yo is somehow the ideal and we all missed the memo.
mircea_popescu: the onion is seriously the most respectable us news source.
mircea_popescu: <peterl> don't people who try to control a market usually run out of money? << always.
mircea_popescu: davout i think maybe you misunderstand what standards are :D