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mircea_popescu: it's funny how scammers always have very positive news on the horison
mircea_popescu: but it's the fact. first financial institution to use gpg ? mpex.
mircea_popescu: now, that they'e not knowledgeable is ok, but should be fixed there,
mircea_popescu: it literally takes the average knowledgeable person 1 hour to go from holding some fiat to holding some btc stocks.
mircea_popescu: if they can't be bothered to do that, there's no reason to suspect they won't hurt themselves.
mircea_popescu: getting involved is a guarantee they put the effort into understanding.
mircea_popescu: dude. somebody who doesn't understand does not and can not have a position of power.
mircea_popescu: old people that don't understand shouldn't get exposure.
mircea_popescu: why bother offer it to the public ? the incentives just aren't there
mircea_popescu: you get a closed partnership with a billion under management
mircea_popescu: they do it because that's all their experience allows.
mircea_popescu: you have to understand the "for people" attitude internet dweebs immediately paint over bitcoin is nothing of any consequence
mircea_popescu: this would not be open to the masses for a decade at least.
mircea_popescu: all you need is someone start a general partnership with a few tens of mils from a dozen friends
mircea_popescu: i think the bitcoin gambit currently is to try and persuade some hedge fund people.
mircea_popescu: but maybe because other factors drowned it out and will be more apparent in the future.
mircea_popescu: this may or may not be true. if you look at the graphs there's no relation so far.
mircea_popescu: well, people think that s.dice betting volumes are somehow related to bitcoin price
mircea_popescu: i dunno why people keep ragging on mpoe-pr, she never says shit like that.
mircea_popescu: "Yeah, yeah, I can tell you do not have a very highly developed capacity for abstract thinking -- developers do not necessarily care much about the design of things but often prioritize functionality, i. e. you are not my target market so go and play with some lego blocks, I am sure you will find them colorful and appealing."
mircea_popescu: they go "does bitcoin have enough mkt cap to cover 200mn ?!"
mircea_popescu: Namworld well the appeal is this : if you go to iran and say hey, don't be stupid moving your dough on aplane, move it in bitcoin
mircea_popescu: so i think one of the reasons price is going up is to give space for various interests.
mircea_popescu: the thing with bitcoin is, the larger the total value the more appealing they are to people.