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mircea_popescu: "fuck you bitch, i can remain insane longer than you can remain solvent"
mircea_popescu: then again that's what Bugpowder was saying... it takes a slap in the face
mircea_popescu: i don't think anyone natively realises just how god damned volatile it is, even if they be otherwise sane and educated/experienced traders whatnot
mircea_popescu: with experience im realising this is the main warning actual people need re mpex.
mircea_popescu: truth of the matter is, mpex is liquid to the tune of 1-200k btc a month, but volatile to the tune of 1-500% a month too
mircea_popescu: im sure he'll find something to buy into and lose all his coins
mircea_popescu: pw:rn aka powerword:real name. it uses some tabletop game reference to slightly chuckle at how concerned people are with "their real name"
mircea_popescu: how the hell does my review of mogliamante come into that
mircea_popescu: cool. so then : yes you'll have to do a ton of reading.
mircea_popescu: Bicknellski well look at it this way : are you interested in bitcoin to learn/widen horizons or to feed yourself ?
mircea_popescu: Bugpowder if you get a pw you can have as many as you want
mircea_popescu: trilema identifies users by ip. you not having credits means someone read 5+ articles this week from yoru very ip
mircea_popescu: possibly you're on a shared ip or something but hot damn.
mircea_popescu: o ? your name is new, how did you run out of credits ?
mircea_popescu: prolly 90% of them would fit like toes in a silk stocking on bitcointalk
mircea_popescu: pigeons supposedly there's ~4-5 mn listeners that got hit
mircea_popescu: pigeons do you happen to have somewhere nearby the famous "with blood sweat and tears" email from our friend tom ?
mircea_popescu: about 10 minutes after going "o, yurpeans are a lot more sensible about money and stuff"
mircea_popescu: coast to coast am got a question from a marti in romania yest
mircea_popescu: pigeons that may be. it is also a self-limiting disease so.
mircea_popescu: the latter can be the case even if you have no more than 3 dollars in your pocket.
mircea_popescu: yes, the confusion here is between "i feel i could afford a car" and "i can actually afford a car".
mircea_popescu: which is quite possibly "never", so why shouldn't they have their fun ?
mircea_popescu: it's also a race condition waiting to happen, which they'll discover just as soon as rthey're forced to implement multimachine systems
mircea_popescu: and people don't get to put things in the book that aren't credit-worthy and leverage-able over their eyes.
mircea_popescu: of course they are. the only reason irl books contain unpaid orders is because they are still binding, but irl has credit.
mircea_popescu: pigeons because mpex is built to be fast. when a new order comes in the trade engine does not have the time to check if its book is covered.
mircea_popescu: sooo... bitcoin just got mentioned on coast to coast am
mircea_popescu: so apparently someone's blasting btc-e off da internets.
mircea_popescu: siome fat fuck nobody cares about trying to hang on so the spotlight.
mircea_popescu: he certainly had hundreds of my btcs at various past points (none atm)
mircea_popescu: i dunno that he's had that much money to run with anyway
mircea_popescu: if you catch bugpowder online sometime you could probably bug him for tips, i think he's one of the more successful traders