mircea_popescu: mjr_ it's not the case.

mircea_popescu: but prudential is what it is.

mircea_popescu: he did some open source stuff, whiz kid

mircea_popescu: he IS a good guy

mircea_popescu: http://gizmodo.com/5940507/bitcoin-exchange-bitfloor-suspends-operations-following-250k-hacker-heist

mircea_popescu: so, i wouldn't keep btc there. but if you're ok with the risk, hey.

mircea_popescu: DeadWeasel they had a breach and currently owe the customerbase btc

mircea_popescu: let me save that in my directory.

mircea_popescu: heh.

mircea_popescu: both .3

mircea_popescu: if all banks default or something.

mircea_popescu: cause "everyone" knew if it comes to it fed is going to pick jpm to save

mircea_popescu: which was funny, at the time

mircea_popescu: and jpm

mircea_popescu: and at that time, citi and boa seemed primed for the same fate iirc.

mircea_popescu: depends. some things actually go out. that's why i picked leh.

mircea_popescu: but... most people'd have been ill advised to buy it

mircea_popescu: i mean... sure, i made money long on LEH

mircea_popescu: ya well, you don't know if it ever recovers is their idea

mircea_popescu: and they get paid $$$ for this

mircea_popescu: then rebuy when it's back up

mircea_popescu: advisors are actually telling people like stanford to sell when price goes down, and the more it goes down the more to sell

mircea_popescu: well, it's that intelligent markets theory or w/e

mircea_popescu: not really as fundamentally different as people paint em

mircea_popescu: reason and emotion use the same circuitry but different heuristics is all

mircea_popescu: im not sure i dig this entire reason/emotion debate.

mircea_popescu: iz i was using that example deliberately :)

mircea_popescu: prolly larger impact than the few cents

mircea_popescu: iz that's a good point yes

mircea_popescu: mjr_ the key is if they find a new jobs. they don't, they're dead.

mircea_popescu: much to their benefit.

mircea_popescu: ya well, netflix didn't have every hipster tard on their wagon

mircea_popescu: netflix beat earnings and it went up 908534905034%

mircea_popescu: lol actually

mircea_popescu: negligible of total.

mircea_popescu: but self directed ?

mircea_popescu: mjr_ it's not like joe six pack has sotck money

mircea_popescu: boy that disaster is gonna smart.

mircea_popescu: mod6 yah.

mircea_popescu: not if they're well managed.

mircea_popescu: mod6 i suspect they have some wicked tax avoidance idea they'll tery

mircea_popescu: give me an example of a corp where it worked.

mircea_popescu: i never understood the sense of it.

mircea_popescu: i know what it means

mircea_popescu: i never quite understood this taking private business.

mircea_popescu: because it sucks ?

mircea_popescu: mjr_ right.

mircea_popescu: hm ?

mircea_popescu: which worked out ok.

mircea_popescu: i was mostly into it to hedge

mircea_popescu: and by "thought" i mean swore their babies on

mircea_popescu: remember, back in aug and even sept peoplethought bfl delivers 1st batch in oct

mircea_popescu: people would take things like "diff will be under 50mn" at even money etc.

mircea_popescu: yes.

mircea_popescu: 100 btc bet then worth like 700 or w/e, 200 btc won now worth like 5k ?

mircea_popescu: well if you want to look art it this way, i was making bets on diff this year as far back as aug/sept 2012

mircea_popescu: yes, for the current month. but past months are water under the bridge far as you're concerned

mircea_popescu: i can totally see it.

mircea_popescu: cause well... gamblers are rational people and everything

mircea_popescu: well, there's this theory that people will bet less if btc are worth more.

mircea_popescu: aha

mircea_popescu: mjr_ what's your exit point ? or didn't establuish in advance ?

mircea_popescu: as smooth as 16yo bikini wax

mircea_popescu: there is just no way.

mircea_popescu: this is totally ponzi.

mircea_popescu: so 5 months and 2 weeks converges to like 0.02!

mircea_popescu: ;;calc .66 / 26

mircea_popescu: how long you been in mjr_ ?

mircea_popescu: Bugpowder are you copying this ?

mircea_popescu: DUDE!

mircea_popescu: dude

mircea_popescu: ;;calc 8/30.0

mircea_popescu: ;;calc 6.5/25

mircea_popescu: hum interesting correlation!

mircea_popescu: you got in late, ipo people are up like whatever, 80% on s.dice and 300% on btc

mircea_popescu: all pres howls about how "record new index soars!!11"

mircea_popescu: bernanke helicopters a trillion funbux into "economy"

mircea_popescu: actually mjr_, these days it pretty much does

mircea_popescu: lol

mircea_popescu: also, business.

mircea_popescu: if you made a risk you didn't make that risk.

mircea_popescu: why would they ?

mircea_popescu: now she's adding * to the "not his real handle" nicks

mircea_popescu: so i threw a shitfit

mircea_popescu: then a while back i referred to someone by her byname instead of their handle

mircea_popescu: girl usually notes him down as pcp

mircea_popescu: a right

mircea_popescu: who's that forum kid that keeps reporting on like, what pirate did in his hood

mircea_popescu: scamming meat grinder vid.

mircea_popescu: upload vids.

mircea_popescu: definitely.

mircea_popescu: enough for everyone to scream bloody murder

mircea_popescu: well, a coupla weeks

mircea_popescu: we'll be stuck with 25gh doing 5mn blocks

mircea_popescu: not for the network tho.

mircea_popescu: if they spike us up and then their gear dies early in a recalc cycle it'll be nasty.

mircea_popescu: well.... that's not gonna be much

mircea_popescu: if a set mines at 12th on average for 500 hours and then pops

mircea_popescu: the one thing that becomes interesting now is of course useful life.

mircea_popescu: ya. th mining requires some stuff other than power plug.