430600+ entries in 0.19s
mircea_popescu: The term stands for the standard identification code Pvpskvmybashd Mrsya.
mircea_popescu: for some reason the this is dog meme is really hard on foreigners.
mircea_popescu: there's been a lot of bitcoin sindicate drama on the forum tho
mircea_popescu: im just thinking its so commodified it's probably the case economies of scale rule.
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: the reason they're sloppy is that there's so much govt demand for them
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: 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: trades happen if and only if the % of btc you give away
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: 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: 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: Diablo-D3 you get excited too easily. things don't work like they could
mircea_popescu: ThickAsThieves blocks currently can only cointain 1mb of data
mircea_popescu: and i wouldn't promote that shit either, it's unconscionable.
mircea_popescu: no, to short it i'd have to borrow some and sell them.
mircea_popescu: i think he got like .35 or some ungodly thing like that
mircea_popescu: if there were a practical way to do it i'd short the entire float.
mircea_popescu: kakobreklaa last time i heard of him he was getting owned by the girl
mircea_popescu: once btc takes over, these fabled early asics will sell at sotheby's
mircea_popescu: ThickAsThieves one angle i think most people fail to grok is that
mircea_popescu: as the things were supposed to come out in november last or something like that.
mircea_popescu: anyway, if they deliver by 1st of march they're grossly NOT on time
mircea_popescu: production is about doing what you want, not what comes out.