log☇︎
414300+ entries in 0.133s
mircea_popescu: (also links to a good other article)
mircea_popescu: http://trilema.com/2012/the-problem-of-too-much-money/
mircea_popescu: toffoo what you thought i was making shit up ?
mircea_popescu: ;;later tell bugpowder exactly.
mircea_popescu: bgupta you seen the too much money article ?
mircea_popescu: basically.
mircea_popescu: at least that's how soldiers got to be called soldiers in the first placer.
mircea_popescu: it's paying for the military.
mircea_popescu: <Bugpowder> taxes are the purpose of a currency <<< actually if we go by historicval recorxd
mircea_popescu: ;;ticker
mircea_popescu: this certainly.
mircea_popescu: that'll resolve itself soon enough, and then there's the rest of eternity to bitcoin back and forth
mircea_popescu: now all that aside : currenlt bitcoin is not workable as a token to buy eggs because a large number of idiots mistakenly refuse to recognise its value.
mircea_popescu: but then to reduce that to such a narrow use seems fallacious.
mircea_popescu: i mean saying its purpose is to measure commerce / act as medium of exchange etc is one thing
mircea_popescu: this is like saying "what is the purpose of a car! to drive on new jersey turnpike!"
mircea_popescu: eggs and bread are not the test case of currency.
mircea_popescu: bgupta i think you're confusing yourself.
mircea_popescu: "=PriceMPEX("O.USD.C031T","S")"
mircea_popescu: jasmine tea is like the worst.
mircea_popescu: also if you use diarhea as a standard
mircea_popescu: right.
mircea_popescu: what nuttery is this ?
mircea_popescu: bitcoin is "a bad currency"
mircea_popescu: and ciompletely out of control
mircea_popescu: so basically because the usd is an inflationary piece of shit
mircea_popescu: he's certainly the one bitcoiner most likely to go shoot up a school or some shit
mircea_popescu: this lukejr talk about killing is worrisome
mircea_popescu: https://bitcointalk.org/index.php?topic=164550 heh.
mircea_popescu: <dub> the funny here is that Luke-Jr invested in DMC <<<
mircea_popescu: bgupta orly , forbes knows =shiot now.
mircea_popescu: lmao finally. Bugpowder now you can log chats!
mircea_popescu: kakobrekla i just realised you're a nominal millionaire.
mircea_popescu: !ticker m s.bbet
mircea_popescu: KRS1 not everybody lives in ridiculous slavepen.
mircea_popescu: o that guy
mircea_popescu: phat wallets ?! when did that happen.
mircea_popescu: Bugpowder yup
mircea_popescu: the power, i has it
mircea_popescu: (just kidding)
mircea_popescu: sure.
mircea_popescu: smickles no because infinity is selfequal :D
mircea_popescu: ChaangNoi tell me about it. im sorry i got out
mircea_popescu: smickles :p
mircea_popescu: if it never crosses that bitbet is going to be a pain
mircea_popescu: ChaangNoi it crossed ?
mircea_popescu: but on puts i don't think it'll ever be doable.
mircea_popescu: it's easy enough for calls - those always give you exactly the btc
mircea_popescu: 0.1% i mean
mircea_popescu: well if you need 1 contract granularity there's a problem
mircea_popescu: (not actual figures)
mircea_popescu: big diff
mircea_popescu: your 1 is either 1 or 0
mircea_popescu: your 1k would be between 896 or 895, ie, either
mircea_popescu: but you're currently fighting with a rounding error.
mircea_popescu: so basically the reason russians are so weak in btc is that for whatever reasons they've decided to move to ltc at some point ?
mircea_popescu: dwolla got.
mircea_popescu: please no disturb
mircea_popescu: 28/03/13 Temporarily no accept liqpay
mircea_popescu: nono. good it wasn't.
mircea_popescu: o gawd.
mircea_popescu: ahahaha tell you waht... if it fizzles now...
mircea_popescu: has it actually crossed ?
mircea_popescu: heh.
mircea_popescu: meanwhile ~2500 bux bet on litecoin hehe
mircea_popescu: https://twitter.com/BitBetsBets/status/318899438645047296
mircea_popescu: anyway. just a theory.
mircea_popescu: jborkl i dunno, but more fakes are sold than original.
mircea_popescu: in fact the costs of maintaining your metabolic health on junk food are about 2x what you'd pay if you just ate cooked stuff.
mircea_popescu: except tv dinners aren't really just as good as actual food.
mircea_popescu: "by buying tv dinners which are just as good as actual food, i only pay $5 instead of $50!!11"
mircea_popescu: "i am getting A DEAL!!!!"
mircea_popescu: yeah
mircea_popescu: they will basically spend 2x to buy some ersatz of anything just as long as it's niominally cheaper.
mircea_popescu: i think the driving force here is just how poor / desperate americans are.
mircea_popescu: heh
mircea_popescu: hm dub wtf is that
mircea_popescu: <smickles> "1.0 BTC for 0 O.USD.P086T" << you're kinda misusing that. it's not really intended to do 1 contract at a time. do 1k.
mircea_popescu: <smickles> one could've seen this recent loss coming before anyone else, and not been able to do anything about it << of fucking course. that is the point of it, you have to actually provide the service, as a bondholder.
mircea_popescu: smickles << how'sgain limited ?
mircea_popescu: the result was that everyone else defaulted.
mircea_popescu: ;;later tell thestringpuller yea, the MPCDO stuff tried to.
mircea_popescu: <jurov> mod6 is commanding clit, don't disturb < lmao. o gawd, best comedy show in town this chan.
mircea_popescu: it's april 2nd
mircea_popescu: ha! BitBet has resolved ~400 btc worth of bets this month so far.
mircea_popescu: <mod6> I AM THE CLIT COMMANDER << ahahaha
mircea_popescu: thestringpuller how'd that work ?
mircea_popescu: cool
mircea_popescu: hah
mircea_popescu: chick's struck eh.
mircea_popescu: Jessica Roy favorited your Tweet
mircea_popescu: @Mircea_Popescu 8m @JessicaKRoy Yeah.
mircea_popescu: @JessicaKRoy 10m @Mircea_Popescu Is that you in your Twitter background??
mircea_popescu: Jessica Roy favorited your Tweet
mircea_popescu: @Mircea_Popescu 13m @JessicaKRoy Strippers everywhere have been doing this for many many years.
mircea_popescu: benkay well we're not all little bishes you know :D
mircea_popescu: benkay nope no idea what that is
mircea_popescu: stuff to do when you're sick. have toes suckled, play poe, jasmin tea...
mircea_popescu: http://trilema.com/2013/path-of-exile-story-continued/
mircea_popescu: not clearly.