408200+ entries in 0.162s
mircea_popescu: if you mean start a competitor with an angle, it all boils down to whether the angle a. actually helps you and b. is good enouigh to push you
mircea_popescu: a. you buy s.mpoe shares b. you try and make a competitor.
mircea_popescu: so srsly asciilifeform, let's say your reputation is enoug, and you have 10k btc to burn.
mircea_popescu: once that happened it's impossible to finance a clone anymore.
mircea_popescu: s.dice competition never materialised EXACTLY because s.dice listed.
mircea_popescu: asciilifeform im not sure what the incentive is exactly. you'd finance a clone rather than buy shares because ... ?
mircea_popescu: "if the next trade happens a year or so from now i'll be very happy"
mircea_popescu: he'd open a 1000 btc one first, he'd partner with me 2nd.
mircea_popescu: asciilifeform problem with your let's suppose is that it's nonsensical.
mircea_popescu: i think people grossly misrepresent what all is involved.
mircea_popescu: asciilifeform it's a complicated web. no one has the competence, or the capital, or the reputation, or the connections, etc etc
mircea_popescu: people have this incredible ability to "be content" with anything. frog in boiling water experiment if you know it.
mircea_popescu: well the problem with the "as long as people are content" argument
mircea_popescu: this induces huge volatility which then wrecks assets.
mircea_popescu: the problem with cheapo/clueless investors is that they follow trends
mircea_popescu: afaik it's just this nonsense to keep people who would like to work off
mircea_popescu: maybe the disagreement is borne out of me not understanding taxi medallions too well.
mircea_popescu: asciilifeform is there a way i can run a cab in london just for a day ?
mircea_popescu: benkay there was some pretty good discussion with pgp on this, lemme d ig
mircea_popescu: asciilifeform well then everything's everything and wtf.
mircea_popescu: well... would you say seat on nyse = london cab medallion ?
mircea_popescu: asciilifeform there's easy access for someone even with 0.1 btc. there's pts, there's brokers.
mircea_popescu: there's historically been small corps listed, it's not that.
mircea_popescu: asciilifeform i don't have a problem with rickshaws per se.
mircea_popescu: asciilifeform you're neglecting the entire geographical monopoly angle.
mircea_popescu: fucking unfair comparison of the century. i hate taxi medallions.
mircea_popescu: seems there's one avalon there, and it does 80% or so of the pool ?
mircea_popescu: you telling me 5 avalons doesn't get you in the list ?
mircea_popescu: jcpham its literally not that hard to do. get a journo dood to post nonsense ? 100 bux or w/e
mircea_popescu: not if you're in the wot. took him all of a day oir w./e
mircea_popescu: "I think rpietila is very close to establishing cult of personality. What MP achieves with mental coercion, rpietila does using humour, and with ease."
mircea_popescu: there's this crazy gbet about 10mn diff by end of month
mircea_popescu: Cylta yes, you can create options. you need to cover them.
mircea_popescu: i can't be stonewalled. he won't sign, he won't exist pretty much.