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mircea_popescu: markedathome a, no. nobody guessed, so i guess i might let the secret out
mircea_popescu: if they can't turn a profit then, they can never turn a profit.
mircea_popescu: it;s not. no asics in the history of bitcoin mining will be worth as much as that 1st batch
mircea_popescu: so hedging, as opposed to people just speculating with no skin in the game
mircea_popescu: im curious how much of the yes are ppl who refunded / how much of no are ppl who stuck with their order
mircea_popescu: dub what do you figure they get sued for first, order selection or equity ?
mircea_popescu: what was all that bullshit with "old money" and "will deliver" and "your friend" etc
mircea_popescu: hm so that post pays off, i have like 3 ppl wantign the job already
mircea_popescu: tho you have a point, a bfl-bitpay tandem collapse is certainly conceivable.
mircea_popescu: i like to imagine they just process and that way they'll live forever.
mircea_popescu: that he can code a clone to X and that he can "play the market".
mircea_popescu: moreover, any random geek things two things of himself
mircea_popescu: jcpham if they try to play the market uninsured they are doomed.
mircea_popescu: depends if you count btc or usd and how narrow you cap things
mircea_popescu: there's levels. on some intellectual level they get it
mircea_popescu: thestringpuller anything wioth fixed supply. people think btc "is money" thus fully inflationary bs fiat.
mircea_popescu: what people don't realise is that btc is a lot like s.dice
mircea_popescu: Namworld that's a problem, really. pretty much nobody wants to list for that reason
mircea_popescu: paying out of. I have a very little amount of bitcoin, and after buying coinurl the amount is laughable but if the total amount of publisher withdrawals is a few BTC a week or something then I can make that happen. Be reasonable, be patient, and this transition will be pretty seamless.
mircea_popescu: , it's just not going to be feasible, and if giantdragon still had the site, apparently, he wouldn't have paid advertiser balances out anyway. Advertisers would use their balances for advertising, and the publishers had the ability to be paid out. If a publisher has a balance and the amount requested for withdrawal is reasonable, I'll just pay it out of pocket, but it's not like I have a massive bitcoin balance to be
mircea_popescu: Re: customer deposts: I can't give you guys coins that I don't have, but I will likely be paying users out of pocket for this in a manner that is affordable. The way the site was set up before, apparently, advertisers were not allowed to withdrawal at all. I want to change things like this to allow that sort of functionality but I am not going to be able to do that especially if you guys try to all withdrawal at once
mircea_popescu: "I work in fraud investigation and forensic accounting. People bring me crazy stories all the time. One such story was from a contractor who was hired to put in ventilation to a building for a bunch of servers. The owner later bragged about how he was stealing/counter fitting bitcoins and selling them. I have no idea how this all works but my advice is the same as Wulfar's, stay away from it"
mircea_popescu: even her recent crusade against bfl (who aren't poor schmucks) seems to have been on the spot
mircea_popescu: neither as far as denigration goes, nor as far as deserved goes.
mircea_popescu: this != denigrating everything (regardless if deserved)