405400+ entries in 0.119s
mircea_popescu: lmao. somebody should make a droppings essence, market it as perfume
mircea_popescu: i am shocked and amazed how rapidly all that got resolved.
mircea_popescu: ThickAsThieves they are in the top, somewhere between 2 and 3 atm.
mircea_popescu: not so that X dood gets to turn his civic in for a rover.
mircea_popescu: it's just about darned time everybody understands we;'re here to turn btc into a trillion dollar thing
mircea_popescu: anyway, the moral of all this : amateur hour will keep us small.
mircea_popescu: and this is why you need to be bitchslapped ocasionally, you forget reality in favour of your own fantasy
mircea_popescu: Chaang-Noi i own millions of s.mpoe. it went from 2 to 70
mircea_popescu: ThickAsThieves people need to understand their place, otherwise goats will climb in the tree.
mircea_popescu: Chaang-Noi every exchange except mpex = every US state except rhodes island
mircea_popescu: meanwhile clowns argue about how they're happy... well, no, they're stuck.
mircea_popescu: and now... they can't sell because 1 unit sold moves the market
mircea_popescu: the contention is : am investors put in .1, took the risk, survived it.
mircea_popescu: course his investors are in general too clueless to realise, so he can manage to get away with it
mircea_popescu: which is exactly what's going on here, by refusing his investors liquidity friedcat is fucking them in teh wazoo
mircea_popescu: that making 1.5 out of .1 is ONLY GOOD if you actually take the 1.5
mircea_popescu: (ie, people willing to overpay just to feel warmly involved)
mircea_popescu: because you'll end up spending loads on new tech but your income is pretty much fixed (or even declining)
mircea_popescu: but the condensed moral is : it's never worth it to participate in a commodified business which is being actively researched
mircea_popescu: as a beginning investor he kinda shared some of your mistaken ideas/assumptions.
mircea_popescu: if you have the time and curiosity, read warren buffett's discussion of his woes in the textile trade.
mircea_popescu: ThickAsThieves mining is a quite different business from gambling.
mircea_popescu: Chaang-Noi and yet you don;t think 1.5 for am is too high.
mircea_popescu: and in general, there's always going to be this wild eyed "o, i will invest 100k into btc i expect 3475786895 billion"
mircea_popescu: it's a simple matter of you trying to make your shoestring into fabled riches.
mircea_popescu: selling for a right price != selling to a bunch of suckers.
mircea_popescu: Chaang-Noi well ya, but you're not exactly famed for having a clue so.
mircea_popescu: friedcat is quite apt at preventing his investors from realising their risk premiums
mircea_popescu: the hard working farmer who didn't understand banks ended up poorer than the lazy guy who never worked.
mircea_popescu: ThickAsThieves no, i think he's just not as financially clueless as friedcat.
mircea_popescu: actually erik is engaged to this girl he;'s beeb with for what, 7-8 years now ?
mircea_popescu: nah. his time to seize the moment was when the girl said
mircea_popescu: and this means deals select : idiots there, sane people here.
mircea_popescu: would you rather sell half your business for 0.15 or 10% of it for 4 ?
mircea_popescu: eric sold 10% of sdice for ~40k btc, worth like whatever, 4mn
mircea_popescu: he sold 50% of asicminer for 20k btc worth like 150k usd
mircea_popescu: Chaang-Noi that is just a result of friedcat's woeful financial management.
mircea_popescu: in 6 months we will be at the realisation that am is a mining stock, and consequently it's capped.
mircea_popescu: Chaang-Noi i think atm by mkt cap its > s.dice and am together mwahaha
mircea_popescu: if they keep it up they might just top s.dice's best month
mircea_popescu: a. then i misunderstood. obviously city centre is a limited supply.
mircea_popescu: andreas that is besides the point. who wants to live somewhere where "there are no apartments" ?
mircea_popescu: people expecting you to accomodate them rather than bending over backwards for your comfort.