417000+ entries in 0.098s
mircea_popescu: but they can't publish that as it'd tell a real sad story.
mircea_popescu: 100 dollars deposited allows you an order of 10bn btc at 0.00000001 eacgh
mircea_popescu: s.dice paid ~70k btc in a year and the average mkt cap past month is 500k
mircea_popescu: lol @ "unless there is legislation STOPPING you it is implicityly legal" "WRONG" part
mircea_popescu: course corps like s.dice have no choice in the matter, as there's no practical way to deploy.
mircea_popescu: so in a very macro sense you are better off as a portofolio investor with the "have to sell ot realise" paradigm, as inconvenient as it is
mircea_popescu: and the 1-10 btc holders who move the price 30 to 70 to 30 to 70
mircea_popescu: or moreover, fractured : the big time holders who don't participate in price formation
mircea_popescu: the fact that stocks work as bonds (ie, they issue dividends)
mircea_popescu: Bugpowder exactly. which is why i see why the cavirtex ppl wouldn't really want to pay dividends.
mircea_popescu: and YES, buffett COULD wire himself all their capital in uganda and run off.
mircea_popescu: however, plenty of irl companies pay no dividends. hathaway paid no dividends.
mircea_popescu: i understand the value of dividends in decreasing risk
mircea_popescu: for the record tho : the dividend-based corp valuation model is flawed.
mircea_popescu: smickles my npd goes as such : yest told waitress she has a beautiful smile and it's a pleasure to talk to her which made her smile compulsively like an idiot every time she saw me and then gave her a nice tip. today cooked pasta and had jasmine tea (4 cups). so you tell me.
mircea_popescu: but anyway, re shorts : there were at least 20k btc total in short positions at a few points this month
mircea_popescu: except those don't get mixed into the main market info by design
mircea_popescu: but since peiople's education consists mostly of films and novels
mircea_popescu: instead of thinking he's suffering from every entry in the nosology book, like normal interns
mircea_popescu: Ooops I am out of luck. All my money is at home and I have no way to get at it."
mircea_popescu: Say I have most of my money at home in my computer. I am on the road without access to it and I need to spend some bitcoins.
mircea_popescu: redditor wants to know "How do keep your wallet on your computer synced with your wallet on your mobile?"
mircea_popescu: i wouldn't buy mtgox shares atm, i'd sell them short to all hell.
mircea_popescu: if company starts doing W instead.... no Y. maybe 0.5 Y, maybe 0.1 Y maybe 0 Y
mircea_popescu: as long as their trade grows from 1k to 5k to 8k it all seems top notch and scaling well.