435600+ entries in 0.166s
mircea_popescu: well i guess we have bfl as a potential... tho i doubt they'll announce anything.
mircea_popescu: midnightmagic because i'm the sort of idiot who tries to build people and institutions.
mircea_popescu: well if passive = losing then you have an extraction engine going
mircea_popescu: passive party can never be held to pay more than it received.
mircea_popescu: that doesn't change the fact that if i let things stand i can wake up tomorrow to 5000 fresh cases.
mircea_popescu: well... there's limits to being an idiot. it's actually much cheaper to be mtgox.
mircea_popescu: they piss on the public and guess what ? i'm the one idiot discussing it, so im the only idiot getting it in the teeth.
mircea_popescu: i'd have liked it too, but it's just not practical. mtgox keeps people's money fgor months/takes whatever out of it/etc,
mircea_popescu: i'm really not open to publicly discussing mpex policies anymore. they are what they are and that's that.
mircea_popescu: but yes, this IS horrible news for bitcoin in general.
mircea_popescu: i guess smarter people will find a solution at some point.
mircea_popescu: myeah. absent the possibility of a legal system it'll be interesting how that'll work.
mircea_popescu: ya well what can i say. bitcoin stuff needs certainties.
mircea_popescu: ;;everify freenode:#bitcoin-otc:adf2d557a738009c9237a79f6f8a8e12147b116ae1b36e362323a298
mircea_popescu: After each round of investment, all the players had more money in
mircea_popescu: parade decides he can see a little better if he stands on tiptoes).
mircea_popescu: were irrational Gust as happens when each person watching a
mircea_popescu: tional; viewed collectively, the decisions neutralized each other and
mircea_popescu: pany's capital investment decision appeared cost-effective and ra-
mircea_popescu: for reduced prices industrywide. Viewed individually, each com-
mircea_popescu: enough companies did so, their reduced costs became the baseline
mircea_popescu: were stepping up to the same kind of expenditures and, once
mircea_popescu: illusory. Many of our competitors, both domestic and foreign,
mircea_popescu: But the promised benefits from these textile investments were
mircea_popescu: buffett has a very nice piece explaining the economics of capital intensive businesses
mircea_popescu: but the bounced cheque comparison is possibly valuable. i don't imagine anyone with a bounced cheque failed to argue he made a mistake
mircea_popescu: i'm just gonna insist that peeps step up, take btc seriously etc.
mircea_popescu: and the solution proposed is to tear it down and make something else, this time carefulyl curatedf from the general community ?
mircea_popescu: so far i'm out what, 150btcs in salaries + all the promotional effort, to make someting
mircea_popescu: what if someone were to put a novel in the blockchain ?
mircea_popescu: A novel attack against bitcoin What if someone were to put illegal information into the blockchain itself? Top secret information or magnet links for example.
mircea_popescu: If any votes are held on the underlieing asset then (if practical) a motion will
mircea_popescu: that's the first roll. iirc there's a link to the very short contitution in it
mircea_popescu: hey, you judge the case, i judge your judgement. seems logical neh ?
mircea_popescu: bullshit "claimant is always right and mp is annoying and rich" judgements i don't need a court for, they're a dime a dozen.
mircea_popescu: normally i would have loved to say yes, but under the circumstances i don't see myself signing.
mircea_popescu: it's going to be messy, and it's going to be a waste of everyone's time.
mircea_popescu: jcpham someone will sooner or later have to lift the messy rock of btc courts.
mircea_popescu: ahaha! wait, wait. these verdicts, they fail to include payment addresses.
mircea_popescu: for that matter, expectign people to be thrown in a pond supposed to be above and beyond the collected wisdom of a good third of all humans that ever lived is also a bit off.
mircea_popescu: well obviously a one case of anything is about as meaningless as any other one case of something else
mircea_popescu: once you start trying to prop things with fiat-type arches you'll collapse in fiat mess.
mircea_popescu: yeah but a large part of the appeal was the philosophical purity of its general open nature
mircea_popescu: Jan 05 22:13:53 <mircea_popescu> BUT! FOR SRS! I AM KEEPING ROUNDED SUMS! NOOBS BEWARE!