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mircea_popescu: "Pastebin dump of a letter from SEC sent to several people who ran "funds" on GLBSE. Forum statements about people calling the attorney on the letter and providing statements. Not clear if it was just elaborate trolling..."
mircea_popescu: i doubt you could get him to go for a scheme like that
mircea_popescu: of course, due to the idiocy that was glbse, it will be a little while yet before people trust such funds
mircea_popescu: gesell i suppose the alternative would be to just invest in a fund, and let the manager worry about daily news
mircea_popescu: i think tbh, most people on mpex are btc addicts, reading it all multiple times a day
mircea_popescu: DeadWeasel i imagine something like a blog would be great.
mircea_popescu: it really boggles me that this isn't moving, the need for btc finance news is marked and yet... crckets
mircea_popescu: well, if anyone actually starts a real analyst service for btc finance
mircea_popescu: course people are allowed to announce their ipo wherever they want
mircea_popescu: in general i'll say something here and mpoe-pr will make an announcement on forum
mircea_popescu: ok, so, site was opened for beta, it was announced it will ipo in 5 days,
mircea_popescu: gesell in general ipos are announced in advance. were you around during the bbet ipo ?
mircea_popescu: because you can very convincingly argue you can afford to pay wins
mircea_popescu: pizzaman1337 well, for multiplereasons. there's a lot of benefit to being listed as a dice site
mircea_popescu: and also why put up with idiots a la PsychoticBoy eskimoblob etc filling up the forum with nonsense
mircea_popescu: in practice, good companies with revenue and market don't much want to list because why share your profits
mircea_popescu: thestringpuller by the time you're buying it it will be
mircea_popescu: smickles well it's only dead to the point that i wouldn't currently trust it with a case involving my or mpex's interests
mircea_popescu: at least hacven't received any complaints on the matter so far.
mircea_popescu: im only pissing off a buncha pasty ass computer geeks currently.
mircea_popescu: actually teh number of people willing to assasinate me is probably towards the lowest historical point atm
mircea_popescu: tho life expectancy has been mostly growing faster than my age for the past decades.
mircea_popescu: <mjr_> since everyone and there mom throws around the 21 million number << that number will be reached sometime in 2150
mircea_popescu: i can't fucking keep track of them anymore, it's all a blur. plus when i go to type into the url bar i have to type an entire word!
mircea_popescu: and unrelatedly : anyone starting any sort of business and naming it bit* bitcoin* or *coin IS AN IDIOT
mircea_popescu: guy just had a bad trip, ended up convinced "they're after him"
mircea_popescu: im pretty sure your bloatyblocks with messages in them would get dropped a liot.
mircea_popescu: gesell currently the prtoblem with bitcoin is that ther blocks are too small to contain the transactions
mircea_popescu: i mean sure ppl would get excited, but so what of it ? fpga ss till hash
mircea_popescu: if all of them, bfl, avalon, asicminer, etc go the way of basic
mircea_popescu: tbh i doubt avalon turning out to be a scam tomorrow would do anything to the price.
mircea_popescu: if you believe in markets as the ultimate allocator of resources, then that person's gain would always be smaller than the global benefit
mircea_popescu: the many idiots with large btc holdings obtained just for being here early are now mostly bankrupt
mircea_popescu: the grapewine abuz with the theory that that's the plan, crash btc price to rebuy cheap
mircea_popescu: if you look at the graphs, was a large chunk of btc sold off
mircea_popescu: other than that, the january people kinda got it on the chin, bot made 10k
mircea_popescu: mind that the only one time someone came close to "owning" anything was august, and if that's the case the wisdom was insider information, not smarts.
mircea_popescu: that was, as best i can guess, someone insuring a large btc obligation (via the calls) and someone trying to mommentum trade (short puts)
mircea_popescu: heh. if indeed they could "own" bitcoin through their superior trading skills they'd be doing it, neh ?
mircea_popescu: to my eyes it's much akin to the 16 yo kid that "knows hax"
mircea_popescu: there is this very loud but imo stupid group who claim that btc is inherently unsustainable because "they are finance experts and know how to break it"
mircea_popescu: irl a well run bank can't compete with a "too big to fail" bank