log☇︎
430500+ entries in 0.112s
mircea_popescu: Balance Sheet: Feb 1, 2013
mircea_popescu: lol
mircea_popescu: what, 10 bux ?
mircea_popescu: lol
mircea_popescu: why be an ass about it ?
mircea_popescu: The Manufacturing Productivity Extension (MPEX) Program
mircea_popescu: The Maryland Physics Expectations Survey (MPEX)
mircea_popescu: Prosoniq MPEX
mircea_popescu: Membrane Protein Explorer (MPEx)
mircea_popescu: there's a bunch of things on the mpex name
mircea_popescu: why ?
mircea_popescu: course by now it's industrially produced, they put pork in it etfc.
mircea_popescu: that sort of thing.
mircea_popescu: http://www.recolta.eu/media/arhiva/salam-de-sibiu.jpeg
mircea_popescu: it's sort of like cheese (ie, grows a special mold)
mircea_popescu: there's this traditional salami thing in romania
mircea_popescu: its pretty good yeah
mircea_popescu: it'd be pretty out there for me to not know what it is
mircea_popescu: well, if i ordered chicken curry and got pork curry i'd prolly say something
mircea_popescu: it was funny cause that morning i had horse salami for breakfast
mircea_popescu: lol yeah
mircea_popescu: lol
mircea_popescu: who, you know, love to travel.
mircea_popescu: it's funny tho, cause they call them romanians but it's mostly gypsies
mircea_popescu: lol
mircea_popescu: why's that notable
mircea_popescu: welfare state collapsing all over the world
mircea_popescu: so go ahead
mircea_popescu: people getting tapped out.
mircea_popescu: 6 minutes lol
mircea_popescu: welllll...
mircea_popescu: and then they ask how does btc finance drive the btc.
mircea_popescu: couldn't swear to it
mircea_popescu: maybe ask ? i thought it was discussed
mircea_popescu: lol
mircea_popescu: i think he converts neh ?
mircea_popescu: well so buy 100k amnd push it to him
mircea_popescu: 74s yea
mircea_popescu: !ticker h sdice
mircea_popescu: Chilca btw, were you doing qa spanish mpex faq ?
mircea_popescu: ;;bids 30
mircea_popescu: i c
mircea_popescu: is he good ?
mircea_popescu: ok, fuck me...
mircea_popescu: The term stands for the standard identification code Pvpskvmybashd Mrsya.
mircea_popescu: 2. MPSIC what?
mircea_popescu: for some reason the this is dog meme is really hard on foreigners.
mircea_popescu: Yes, the dog will tell you.
mircea_popescu: 1. My God, What is this?
mircea_popescu: there's been a lot of bitcoin sindicate drama on the forum tho
mircea_popescu: not that i heard of.
mircea_popescu: people who take their work seriously.
mircea_popescu: slaves is always nice.
mircea_popescu: im just thinking its so commodified it's probably the case economies of scale rule.
mircea_popescu: to use all its power.
mircea_popescu: a nuclear plant and a datacenter.
mircea_popescu: heck, if one had any sense they'd build them together.
mircea_popescu: problem is, a datacenter is something a multi-billion company makes. in fact, it's about on the level of building a nuclear plant.
mircea_popescu: even with all that. they'll be fine, you'll make a little more per sq foot
mircea_popescu: they're not making a loss.
mircea_popescu: you're still not eating their lunch.
mircea_popescu: the reason they're sloppy is that there's so much govt demand for them
mircea_popescu: you're not eating anyone's lunch
mircea_popescu: and sell guaranteed space.
mircea_popescu: somewhere in a free country, with good safety in place
mircea_popescu: arguably it'd be a good idea to make a btc-level secure btc
mircea_popescu: it probably would.
mircea_popescu: so your mkt cap is probably under 50k btc or something like that.
mircea_popescu: if you made a btc-taking datacenter. problem is the btc paying customers aren't doing more than maybe a few ks worth a year
mircea_popescu: for now the deals that make sense to finance in btc are the deals that bring btc.
mircea_popescu: you will eventualyl be able to finance fiat endeavours in btc, but prolly after btc mkt cap passes 1 trillion.
mircea_popescu: 400k btc just went from 14 each to 24 each
mircea_popescu: makes no diff.
mircea_popescu: gets a larger % of fiat in exchange.
mircea_popescu: trades happen if and only if the % of btc you give away
mircea_popescu: which is an inconsequential 0.0000% of all fiat.
mircea_popescu: your 400k would be a very big 4% stake out of all bitcoin. your datacenter would be an inconsequential 0.0001% of all datacenters
mircea_popescu: nope.
mircea_popescu: more than 400k maybe a dozen, if that.
mircea_popescu: more than 1k at least 1k
mircea_popescu: maybe.
mircea_popescu: yeah.
mircea_popescu: a bunch
mircea_popescu: in what parallel universe this ?!
mircea_popescu: wait, so supposedly xrp mkt cap is 100k btc ?
mircea_popescu: for so many different reasons it doesn't even matter that adoption would skew
mircea_popescu: the "charts" people like that idiot on reddit are working on are bs anyway
mircea_popescu: ThickAsThieves yes.
mircea_popescu: surely.
mircea_popescu: ok.
mircea_popescu: ThickAsThieves exactly
mircea_popescu: if some 75lb dood offers 100 bux he gets in
mircea_popescu: if a 200lb woman offers 10 bux she waits
mircea_popescu: think like the blocks are train wagons, and the tx are people. the fee is what they pay
mircea_popescu: if its low nobody would include it unless there's space
mircea_popescu: if that difference divided by the tx length is high everyone mining will want to include it in their block
mircea_popescu: if input > output the difference is kept by whoever mines the blokc
mircea_popescu: a tx is (x+y+z) btc input (k+l+m) btc output.
mircea_popescu: ThickAsThieves that made no sense.
mircea_popescu: conceivably.