409700+ entries in 0.17s
mircea_popescu: this is true, mpex margin is quite different from most loan ops.
mircea_popescu: if you open one in manhattan nobody's going to bother.
mircea_popescu: consider the situation of a supermarket. if you open one in africa you will have a bunch of shoplifters.
mircea_popescu: jcpham if you only deal with peopel who understand the value of reputation you're more likely to survive for sure.
mircea_popescu: jcpham you know for the record i've not yet had problems with margined ppl.
mircea_popescu: go get in the wot, spend a year or more making sense, trade many many thousands of btc on mpex
mircea_popescu: clueless internet warriors who have definitive answers to things they read on wikipedia. i don't want to empower you folks.
mircea_popescu: ezdiy no, it's designed specifically to keep people like you out actually.
mircea_popescu: pgp people like coinsetter are part of a lengthy tradition of dunning-kruger. the controlling example is one kludge, an out of work bank clerk who figured himself a banker
mircea_popescu: <ezdiy> how do i margin trade on mpex? << you apply for it.
mircea_popescu: that piece looks like it cost a hundred bux. im not quite into giving obscure venues money for this "service" yet.
mircea_popescu: unbalanced_ well... so silicon angle doesn't do research. i had no idea they existed.
mircea_popescu: the barrier to entry however is a lot higher than getting a bunch of people talking.
mircea_popescu: if it were something anyone could do i wouldn't even have bothered doing it myself.
mircea_popescu: anyway, unbalanced_, people (like for instance MtGox) were discussing plans to trade options on bitcoins back this time in 2011, and mpex wasn't even mentioned.
mircea_popescu: maybe i'm overstating my herd concerns as personal bias.
mircea_popescu: Bugpowder i think perhaps you have a good point there, it does move like a biotech
mircea_popescu: grosso modo if you're spending any part of your day in a place where you can't peruse porn you don't belong here anyway.
mircea_popescu: unbalanced_ the sexual barrier is there to repel the unthinking adults, not to cater to the teenagers.
mircea_popescu: it is the investors it repels and the speculators it attracts.
mircea_popescu: huge volatility is exactly the same : in spite of the fact it mostly burns the speculators,
mircea_popescu: in spite of it being mostly the mobsters who are getting murdered, it is the peasants who move out of the town, and the mobsters who move in.
mircea_popescu: now, with the mob there comes sudden and striong social mobility, and also a bunch of murders.
mircea_popescu: let me illustrate this point, and i won't even use tits.
mircea_popescu: taub because volatility and investment are roughly speaking inversely correlated.
mircea_popescu: even so i am more worried by things such as sdice going to 75 then to 29 for no apparent reason
mircea_popescu: unbalanced_ everyone, as in, the people who took btc to 260 when i told them not to go over 130 ? why does one want this everyone muddling throuhg ?
mircea_popescu: stretchmarks are actually worse than no growth at all.
mircea_popescu: the surest way for her NOT being a successful fotomodel at 19 is if her tits grow too fast.
mircea_popescu: take the case of the twelve year old as an illustrative example.
mircea_popescu: there is a problem of growthspeed which is not too well understood, especially not by the average (which is to say business illiterate) entrepreneur these days.
mircea_popescu: and hopefulyl they get some sense/advice in the package.
mircea_popescu: (not the time spent learning, the time spent making the proofs that you'cve learned)
mircea_popescu: when you go to get your degree you are basically paying a fee for this priviledge, equal to the value of your time you put into making the papers
mircea_popescu: it's an exam. yet another of life's exams most fail to pass.
mircea_popescu: i havce no idea why people represent this in terms of them buying something.
mircea_popescu: just so they can cringe when it's $500k+ in a year or two.
mircea_popescu: haha something tells me people cringing at $7500 membership a week ago are still not running to get it at 60% discount
mircea_popescu: maybe idiots behave and we have a nice slope going to 130 till summer.
mircea_popescu: whether it scales or not will decide how large a community can get, not whether it will be the norm or not.
mircea_popescu: this hidden-ness and the lack of systematic solutions are exactly why the "virile fucktopia" is the only solution.
mircea_popescu: global warming is a useful "abstraction" if you're using it to get a dumbass neighbour to stop smoking out your pool.
mircea_popescu: there's no proof you have the mandate of heaven. nopr can ever be.
mircea_popescu: moreover, the original branch where we got lost is the proving.
mircea_popescu: the pretense of the "educated" to access it is as fraudulent in today's cathedral as it was in the druid circle obviously.
mircea_popescu: even so. the subtle structure of the world remains inacessible. even if the girl does it with enthusiasm and art.