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mircea_popescu: some ninny actually took the time to blow them up one at a time
mircea_popescu: <pgp> often they float <10% of there shares and often aren't that liquid <<< /me grins
mircea_popescu: ppcoin sounds more like "what does this button do" than anything.
mircea_popescu: <jurov> but we also need someone to do it properly << i'm with him
mircea_popescu: "Unfortunately, without proper funding and with limited manpower running a project of this magnitude has proven to be very difficult. Recently, these problems caused for a group of users trouble and losses of funds. Ultimately, that's why we decided to shut down BitMarket.eu and stopped trading."
mircea_popescu: maybe putting a btc ask for a slightly above mkt price may work naturally to attract fiat ?
mircea_popescu: anyway, i'd say romania is about as corrupt as france.
mircea_popescu: MJR_III not air. WATER! run a stream through your thing
mircea_popescu: eh gtfo. facebook doesn't have a revenue model, is worth 100bn
mircea_popescu: i wonder if it'd be practical to make your asic farm in a small siberian town
mircea_popescu: jcpham use a heat exchanger to power a little steam turbine
mircea_popescu: i was wtfing all to hell here thining you know... crude oil
mircea_popescu: but anyway, maybe you're right Diablo-D3, dc is the way to go
mircea_popescu: Diablo-D3 minus a lot of the overhead. i think at least.
mircea_popescu: which most cities you can have installed for w/e, 1k per meter or somesuch
mircea_popescu: there's plenty of practically abandoned industrial space
mircea_popescu: or whatever you call industrial power in english. 380 volt
mircea_popescu: if i were runningtheir outfit i'd rend out a warehouse with a good triphase line
mircea_popescu: today they make decent dough, but also need an entire arsenal at the ready.
mircea_popescu: see, it's a mixed blessing. a year ago they made red ink but at least knew all the costs.
mircea_popescu: MJR_III now think of the legal bills to defend that million.
mircea_popescu: the guy that can do the job of 5 people is NOT cheaper than hiring the 5 people.
mircea_popescu: you run an exchange you need some people. not negotiable.
mircea_popescu: the thing is, it takes 9 months to get a child out of a woman. not negotiable.
mircea_popescu: think a little about the 10k a month and under exchanges.
mircea_popescu: but this is the case of mtgox. be it as it may, in most spaces the top dog can at least pay his salt.
mircea_popescu: ( 2400 salary + 2800 tax + 1500 fixed) * 5 = 30k usd in employee costs.
mircea_popescu: since there's no competition on fees its clearly not a profitable space.
mircea_popescu: MJR_III simply like this : i look at the immense fees.
mircea_popescu: or you have mtgox, which clears about enough to cover its costs.
mircea_popescu: you have cases with 10k a month which come to 200 btc.
mircea_popescu: listen MJR_III this fees stuff... think for a moment. no exchanger makes money.
mircea_popescu: the girl made a very good point as to the cost of financial ineptitude vs coding inavbility
mircea_popescu: smickles the redeem codes was a sorta attempt, but meh.
mircea_popescu: MJR_III so far even a fucking naming convention is impossible to contemplate, let alone implem,ent.
mircea_popescu: well... other than the obvious "cause they're 16yo aspies"
mircea_popescu: MJR_III that is a good point actually. i have no idea why everyone's so hell bent on being special unique etc.