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mircea_popescu: what i want to know is who replaces brains with pudding.
mircea_popescu: visit to mtgox article illustrated with a low quality outdoor shot,
mircea_popescu: i bet someone's trying it in all bitcoin services automatically
mircea_popescu: HEY ANYONE : if you're using same pw on strongcoin and anywhere else - change it now.
mircea_popescu: somebody has been putting passwords into mpex' submit field.
mircea_popescu: ya, i feel a desperate, feverish desire & itch to run ltc vwaps
mircea_popescu: has to cross on whatever charts thing for the bet iirc
mircea_popescu: "I personally wouldn't touch anything outside of S.DICE, S.MPOE, S.BBET and ASICMINER."
mircea_popescu: im sorry, i can;'t get past the unfounded assumptions and general illiteracy of the author.
mircea_popescu: In the USA, the primary form of money is bank deposits because bank deposits are the form of money that dominate the US payments system.
mircea_popescu: i mean... richest guy has what, 600k of these 100k dollar coins
mircea_popescu: this is pretty much the only way to judge, in my eyes. I don't care about absolutes, i wish to conserve the same percentual value.
mircea_popescu: is comparable to the relative preminence of someone with one solidus in 40 ad
mircea_popescu: i guess the relative preminence of someone with 100k in the american empire today
mircea_popescu: having one of the 100 coins in an empire makes you like a guy having1 of the 100 coins in another empire.
mircea_popescu: the 55 dollar per gram is misleading. they had much less gold available at the time, and different economy.
mircea_popescu: accounting for the rarity of gold/economy differential and everything... i just came up with 100k
mircea_popescu: if something like that happens again, the local scrip is backed by bitcoin instantly.
mircea_popescu: i think more of an exploratory "what is bitcoin really"
mircea_popescu: does not make the currency "that which is exchanged for one egg"
mircea_popescu: that currency slowly made it's way into the hands of the poor, in ever smaller denominations, sizes and metals, silver, copper, tin
mircea_popescu: athens used it to settle large scale trade, again much like btc is used today.
mircea_popescu: the greeks were split on the topic. sparta banned all currency
mircea_popescu: the original currency unit was worth in the $100k range in today's terms.
mircea_popescu: (ie, shop owner has a notebook, marks down your eggs, gets paid once a month)
mircea_popescu: incidentally, in most of the world eggs are primarily bought on notebook credit
mircea_popescu: i dunno that many people care about this in a discussion of "a good handgun"
mircea_popescu: while some handguns are more apt for that purpose than others
mircea_popescu: but you mean by currency something that's just a very edge case of what a currency may do
mircea_popescu: i guess someone could trade about 3 semi tractor trailers' load of eggs