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mircea_popescu: hm. i guess more ppl were following btc for entertainment than previously thought
mircea_popescu: dub i was thinking "if the position you're in is deciding between am and bfl perhaps more fundamental endeavours need prioritizing"
mircea_popescu: (the english part i mean, i don't thin the romanian part is doable)
mircea_popescu: (they both being a promise of performance made by the world at large)
mircea_popescu: this because the difference between ownership and promise is nil
mircea_popescu: from a certain equitable perspective to present valuer you lose the same.
mircea_popescu: dub it's like this : if you lose what you were merely promised or what you actually owned,
mircea_popescu: well the worst hat can happen to .5 btc worth of investment
mircea_popescu: they may encounter problems of all sorts, it's a tossup
mircea_popescu: they may make dough from selling gear, they may havenses,
mircea_popescu: at current prices they'd have to mine ~500k btc in ordeer to pay you back from divs.
mircea_popescu: aneeshmehta nobody does "exostic options" for the sake of them being exotic.
mircea_popescu: irl banks aspire to the vaunted "tbtf" status, which means their mpoe bondholders are the taxpayers, and the interest rate is fixed
mircea_popescu: the value of the capital structure of course being that risk is correctly distributed so as to not generate the sort of problems irl banks have
mircea_popescu: sometimes it makes a killing, like the 10k in jan or w./e it was
mircea_popescu: option traders make money *(from the bonds) when they are right
mircea_popescu: atm the market is flat and im making a ton because people shortsold.
mircea_popescu: <benkay> b0n1: mp is running a a financial operation that makes money when the market stays flat. << this isn't actually right
mircea_popescu: well simply put if people can't do business in btc people won't do business in btc
mircea_popescu: kinda sucked all the benefit from speculators dry, got the press, that pie is eaten.
mircea_popescu: boring pushes worhtless speculators out and actual business in.
mircea_popescu: <asciilifeform> nowhere on this planet are the unprogrammed to be found en masse. << unprogramming is actually trivially simple to do. takes about two weeks.
mircea_popescu: much like the red marking on the girl's ass perpetuates the switch vibration long after the switch has rested.
mircea_popescu: but then again his caring is what'll perpetuate it, if even in the negative
mircea_popescu: tbh, it probably could be said that unlike the moldbug fellow i have the advantage of not reallty giving a shiot avbout the us government
mircea_popescu: if you want to get the borgs to revolt, it's one way to tell the borgs here's what you are, here's how things work, get fucked
mircea_popescu: i push the submission/dominance trip in those fields where people are totally off the deep end with the "i can do everything" and "agreement makes it real" nonsense
mircea_popescu: benkay only in those parts where "common agreement" diverges too much towards "lalala i can make it so"