log☇︎
429300+ entries in 0.152s
mircea_popescu: but in any case i'd be surprised if it were much %wise
mircea_popescu: they may have ended up with some leftovers since glbse exploded and maybe some people didn't claim
mircea_popescu: 100-150, something like that.
mircea_popescu: about 150k usd at the time
mircea_popescu: made 400k, sold 200k at .1 each for 20k btc
mircea_popescu: they have tho
mircea_popescu: it's not quite as clearly stated as on mpex, but it's the principle.
mircea_popescu: and the shareholders can buy the other half.
mircea_popescu: the company always keeps half the shares
mircea_popescu: basically asicminer ipod on a copy of mpex contracts
mircea_popescu: but they can't sell those ?
mircea_popescu: back in june or w/e
mircea_popescu: their shares are already sold, at .1 each, for 40k btc.
mircea_popescu: how do they raise money ?
mircea_popescu: well...
mircea_popescu: but still, they need 10x as much to break even on the various loans. who knows, maybe they make it.
mircea_popescu: 25 blocks * 25 btc = 20k rather than 10k
mircea_popescu: this recent jump hel[ed them a lot.
mircea_popescu: smart of them that they have liabilities denominated in fiat tho.
mircea_popescu: 70k + 70k actually.
mircea_popescu: sooo asicminer has like 70k usd in bills to pay ?
mircea_popescu: ahahah that works ?
mircea_popescu: as long as the guys are me i kinda have that.
mircea_popescu: if i ever figure out what it'd be.
mircea_popescu: hi
mircea_popescu: http://rt.com/news/meteorite-crash-urals-chelyabinsk-283/ meteor!
mircea_popescu: lol
mircea_popescu: anyway, im out. take care all.
mircea_popescu: fo reals.
mircea_popescu: equally clueless but at least tits.
mircea_popescu: i'd rather give it to strippers.
mircea_popescu: that's investing neh ?
mircea_popescu: BitHub well, i mean in general speaking. bonds and equity, loans and investments. what else is there ?
mircea_popescu: that'd be it no ?
mircea_popescu: but it will be SOMETHING!
mircea_popescu: it may be juicers or toasters or something, not necessarily asics
mircea_popescu: kakobrekla by the time last block is mined bfl delivers fo sho.
mircea_popescu: ya well.
mircea_popescu: it's like a hundred or w/e. you don't need a lawyer like on retainer in any case
mircea_popescu: if the cost of registering a llc is an issue then you shouldn't make one
mircea_popescu: i am serious.
mircea_popescu: without money you don't need a llc anyway
mircea_popescu: im sure they have llc reg services there too.
mircea_popescu: ya but as in all endeavours, you're best off interacting with a professional.
mircea_popescu: in most places you need an agent of record anyway
mircea_popescu: Diablo-D3 its prolly best to have someone else handle it
mircea_popescu: ;;ticker
mircea_popescu: "PHOTOS: Reeva Steenkamp's modeling pictures " as an article insert
mircea_popescu: its incredible how ready to serve the prurient interest the web is.
mircea_popescu: The South African FHM model
mircea_popescu: http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/2/14/1360871599159/South-African-sprinter-Os-010.jpg nice. ducklips and everything.
mircea_popescu: she wanted to do dp for valentine's and he mistook the two big guys for his wife
mircea_popescu: Lyspooner right. let me see here, he's a gimp and she's a trophy
mircea_popescu: ok that makes me half sorry i didn't see it.
mircea_popescu: ahahaha
mircea_popescu: it wasn't in my feed
mircea_popescu: what the fuck is next, John Dork, fabled Sykrim Warlock ?
mircea_popescu: so wait, "paralympian" is now a legitimate title ?
mircea_popescu: i misread :D
mircea_popescu: bah Lyspooner beat me to it
mircea_popescu: maximian since when do reddit insiders have money ?
mircea_popescu: why is that wow ?
mircea_popescu: bout same
mircea_popescu: ;;ticker
mircea_popescu: seems legit
mircea_popescu: online story mambo #5
mircea_popescu: this apparently culled from bfl shoutbox.
mircea_popescu: "I went through the shoutbox archives and it turns out that engineer has been trying to figure out how their boundary scan tester works unsuccessfully for 3 straight days now. You kinda need that thing to figure out if the chips work correctly and if they don't why they don't work correctly."
mircea_popescu: the bashies continue to deliver!
mircea_popescu: haha
mircea_popescu: need 2
mircea_popescu: in fact computers are an item that can not be made of any single material
mircea_popescu: semiconductors require semiconductance
mircea_popescu: nah
mircea_popescu: if you plug it in it turns your computer to worthless gold!!!
mircea_popescu: but...
mircea_popescu: it does 15th/s and uses no power
mircea_popescu: imagine the midas asicminer
mircea_popescu: lol
mircea_popescu: ok, so you spend some btc then
mircea_popescu: okay
mircea_popescu: well, me, prolly they will cause im cool and all. but as a general rule no
mircea_popescu: prolly not.
mircea_popescu: there's a market even if nobody is trading anything.
mircea_popescu: a "market" doesn't have to mean what you think it means.
mircea_popescu: teh invisible abaccus.
mircea_popescu: not me.
mircea_popescu: no, im just sayingthat the value of my resources isn't a function of what i do or not do.
mircea_popescu: what, you think people don't wolfwhistle the girl who wants to be a nun ?
mircea_popescu: you still get courted.
mircea_popescu: yeah.
mircea_popescu: you get courted.
mircea_popescu: nah.
mircea_popescu: it's not the will of the people that enacts the value of currency.
mircea_popescu: people are easily seduced by this "we the people"
mircea_popescu: ya, i get that, but it happens to be wrong.
mircea_popescu: that's why they're dollars.
mircea_popescu: the use of your dollars is not a function of what you do or don't do.
mircea_popescu: same as always.
mircea_popescu: then likely most fiat would go into stealing bitcoins.