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mircea_popescu: the recent bitcoin misadventure has clearly shown we need at least one backup
mircea_popescu: wait. to highlight the insecurity he's going to pay someone to highlight the insecurity ?
mircea_popescu: well, i sold 10mn packs a number of times and erik i think sold 1mn 3x
mircea_popescu: only their relative evolution is shown, all the outside noise tuned out
mircea_popescu: well yes, if both suddenly lost 99% of value in one week that wouldn't show on the graph
mircea_popescu: and then what has happened to turn it back again early feb ?
mircea_popescu: what has happened that turned the slow uptrend into a sudden downtrend late december ?
mircea_popescu: the smaller one goes from 40% to 80% of the bigger one during 2012
mircea_popescu: think of it in terms of countries. there's two countries and we're measuring their power.
mircea_popescu: im not angry or elated or anything else. just slightly amused.
mircea_popescu: Chaang-Noi dude, angry bs. the situation is this : i open up something for public discussion, you come up with a completely misunderstood notion of wtf it is. i tell you so.
mircea_popescu: you're a very good dunnker-krugerand tho. it compensates.
mircea_popescu: Chaang-Noi you're the one that's not getting it is the problem.
mircea_popescu: yeah lol. it is pretty basic, but apparently not quite understood.
mircea_popescu: listen, if i divide a distance in meters by another distance in meters, what will the result be measured in ?
mircea_popescu: the price has been divided out, it's just relative sizes.
mircea_popescu: listen. it's X item valued in btc divided by Y item divided in btc
mircea_popescu: dude you're telling me what it does based on you having glanced at it ?
mircea_popescu: say today google mkt cap is 5bn and apple mkt cap is 4 bn. then that would be 80% for that day on the graph
mircea_popescu: Chaang-Noi this is a mkt cap chart tho. if i took the dollar total value of BTC and the dollar value of a small company and compare them
mircea_popescu: if anyone is a graph reading expert, please read that to me.
mircea_popescu: don't they celebrate first period or some weird shit "?
mircea_popescu: jcpham running joke in this group of law sophomores was threatening them with prosecution for perjury
mircea_popescu: i wonder how many self-identified "mormons" are aware they're on mormon 2.0, 1.0 having been around for about sixteen months
mircea_popescu: so he had to start over when he lost his original notes
mircea_popescu: and then forgot what he read and couldn't read it again
mircea_popescu: some dumbass who was "reading" a language he didn't speak
mircea_popescu: the dude translating mpex faq to spanish made "small mormon family" into "familia de profesionales"
mircea_popescu: myeah. i'll have my secretary check my schedule for me.
mircea_popescu: dude, it's obnoxious, it smells great and tastes rotten
mircea_popescu: that's gonna be a tough thing to be in a coupla decades, so
mircea_popescu: anything as long as it's not something run by the celebrated failures.
mircea_popescu: certainly if i ever have kids it will not be in a white country.
mircea_popescu: yeah, but kinda hard to get parents to throw out the refuse they spawned.
mircea_popescu: can't just say "sorry dad, i'm a failure, my double major in dumbfuckery is useless"
mircea_popescu: it's a bunch of uppity young kids who couldn't get into a real school
mircea_popescu: idiots should be shot. communists should just be starved to death.