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mircea_popescu: it's actually worse than the usual glbse / usagi crap.
mircea_popescu: so then let's make a new deal : you can't refund btc, you can't take btc.
mircea_popescu: no, they pretty much get to walk away with whatever they scammed off the idiots thinking they're the btc "community"
mircea_popescu: but basically people get a 95% haircut if they refund, so...
mircea_popescu: to prop, you know, stick a bit of wood in the way of a collapsing wall
mircea_popescu: course it's much like inaba trying to prop bfl, you don't prop flagging scams with retarded trolls.
mircea_popescu: so is Luke-Jr going back to bfl by early to mid next week ?
mircea_popescu: but yes, you can make a pretty penny if you have the capital
mircea_popescu: as in, shorted puts, price collapsed, covered same day
mircea_popescu: otherwise you could go 100k btc into mpoe bonds, then just buy cheap options and siphon interest away
mircea_popescu: if you look at the book all puts under 50 or so sell for 0.05351801
mircea_popescu: "Given that Krugman is against bitcoin, the thing is certain to succeed."
mircea_popescu: thing is, to make the thing real crazy, futures (the fiat ones) used to be settled 4th friday
mircea_popescu: All options expire on the last minute of the last Friday of their month (UTC times).
mircea_popescu: i guess he's buying it back on the theory that he doesn't want to earn that last .05 at the risk of one full week
mircea_popescu: by early to mid next week. Should be pretty smooth sailing after that."
mircea_popescu: romanian cheese is like the expensive imported french gourmet stuff
mircea_popescu: you can;'t realy compare romanian local cheese to canadian tho
mircea_popescu: the internet still the great social class mixer i see, bringing together those who otherwise would never meet.
mircea_popescu: meanwhile 15k a year in romania gets you two households with their women and children
mircea_popescu: i dunno who still smokes ciggarettes with all the stuff they add
mircea_popescu: it's not very good of course, but it's way better than any industrial crap.
mircea_popescu: you can just plant your own tobacco, costs you about 1 cent per leaf or something
mircea_popescu: you want to survive, you'd better start doing something useful.
mircea_popescu: money has no value if everyone can survive on minimal wage. that's socialism.
mircea_popescu: lots of agricultural tradition, probably the oldest continuously farmed land in europe outside of italy proper.
mircea_popescu: certainly has the world's best champagne, for instance.
mircea_popescu: tiberiusiv about like italians, maybe a little better.
mircea_popescu: tiberiusiv minimum wage ~500 lei / month. comes to 150 bux
mircea_popescu: tiberiusiv let me give you a very good example that just happened recently.