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mircea_popescu: bgupta ya but seriously, the press is horrible for information.
mircea_popescu: bitcoin economy is not worth x because total aggregate btc "would be".
mircea_popescu: anyway, the confusion between "fiat value of M3" amnd "economy" is grave.
mircea_popescu: i have no idea why people still reference sr when discussing bitcoin commerce.
mircea_popescu: really business insider is the most ignorant piece of shit out there.
mircea_popescu: "Pachter thinks that could increase to 100 million nights "eventually"—at which point it could be generating $1 billion a year in revenues.
mircea_popescu: in the 90s they were shockingly insane for the european mind
mircea_popescu: Responsible department: Department for Culture, Media and Sport
mircea_popescu: english just doesn't deliver under the telling off rubric.
mircea_popescu: they get dunked into the riever every time they say "I feel what the author really means"
mircea_popescu: if you only educate about half the kids, and beat the shit out of about half of those it works nicely.
mircea_popescu: i'm an opponent to free education, and also to nonviolent education.
mircea_popescu: people who imagine they're being entrepreneurs and in general doods preocupied with posturing and maintaining apparences
mircea_popescu: well, my expertise tells me this guy is lieing when he claims he had success.
mircea_popescu: as in, a 1 in 1000 shot at making 10% on your investment, and a 999 in 1000 shot at 90% loss of cvapital.
mircea_popescu: i am saying that the statistically expected benefit is degrees of magnitude under the statistically expected loss.
mircea_popescu: no, i'm not saying that statistically he's likel;y to fail
mircea_popescu: the rermainder 14 will not be able to bring me 10001 btc in total.
mircea_popescu: 985 flounder, because they were in fact run by idiots, nigerians and uidiot nigerians.
mircea_popescu: here's the problem : suppose i'm an investment fund. i have 10k btc.
mircea_popescu: practically, you gotta bring something to the table. if you allow this model where the homeboy wants you to pay for his acquisition
mircea_popescu: if his lowball offer is turned down he puts one guy on the project and has the site replicated by wednesday
mircea_popescu: in that case he just makes a lowball offer, buys the site and goes on his way
mircea_popescu: guy codes but wants to pay 10k for something I could probably werite myself
mircea_popescu: I ran a social games company on Facebook since 2008 to 2012; in the 5 years of operation I made many games. "
mircea_popescu: no listen to this : "Why do I think we can triple profits?
mircea_popescu: I'm here to propose a take over of www.bitcoingem.com together. I was made aware that this is the first chain game and by the looks of its traffic stats its pretty well established.
mircea_popescu: We need to raise 105 BTC. Each 1.5 BTC buys 1 share in the new business. Max 25 Shares per investor.
mircea_popescu: Hello I am son of Prince which I can proof with 40 degree alcohol.
mircea_popescu: "my full name is David Tenemaza Kramaley - you can look me up in the UK companies house as a registered director. I've been featured in the BBC, Business Insider, The Times, National Geographic, Radio 4, etc... I can proof all of this to serious investors."
mircea_popescu: because "the people" can do anything they set their mind to.
mircea_popescu: In March, we sold only 57,90€ worth of firing services"