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mircea_popescu: why do you think banks wouldn't take most poor people's accounts if they weren't legally forced to ?
mircea_popescu: it costs to supply their needs more than they are capable of paying.
mircea_popescu: but the effort and expertise involved in doing this are much more than what's needed to make asics
mircea_popescu: their business is very expensive. rape-them-in-the-ass corps like banks etc are very good at keeping their idiocy expensiveness low while turning a buck
mircea_popescu: Namworld their misconceptions are for the greater good.
mircea_popescu: JohnGalt2 im just making the point that in the sense jobs is dead (ie, no longer driving apple) so is satoshi
mircea_popescu: simple example : satoshi is dead, btc benefits from it. jobs is dead, apple is doomed.
mircea_popescu: we are exactly diametrically opposed in every single aspect
mircea_popescu: Graet yes, we will get them either way. they're worthless. why bother ?
mircea_popescu: this very entrenched western notion that everyone's entitled to an opinion.
mircea_popescu: "Bitcoins, in theory, could become the next universal currency. However, they are a pain to obtain (if you're not buying them outright) and the security model could use some work."
mircea_popescu: "If there were more robust security, in the bit coin infrastructure. I'd consider it, but as its setup now, not very likely. "
mircea_popescu: However, recent evidence suggests that Duqu may have been written in Object Oriented C (OO C) and compiled in Microsoft Visual Studio 2008.
mircea_popescu: "What makes it possible to buy drugs with Tide is not because Tide is useful as a detergent. It’s because drug dealers and users have agreed that it is currency."
mircea_popescu: Not really. They're not at the LVCC, but at the Sands Convention Centre. That's like half an hour away from the "real" CES.
mircea_popescu: update their systems as soon as possible to versions 3.2.11, 3.1.10, 3.0.19, or 2.3.15
mircea_popescu: mpex safety announcement : mpex uses no ruby on rails or anything else at all.
mircea_popescu: dude. the absence of a bookie means you're not being fucked in the ass.
mircea_popescu: i can't believe people's reaction is "we should be stolen from".
mircea_popescu: dub i like the odds tho. it's like... 300:1 but "we win nothing"
mircea_popescu: thestringpuller a little more complex system, it's in teh contract.
mircea_popescu: teh ppl with asicminer shares get pissed off what are they gonna do ? sell on forum ?
mircea_popescu: cause at least they don't have a bunch of customers pissy
mircea_popescu: i would guess the battery cost would make phone mining impossible
mircea_popescu: Bitcoin Flakes Laboratories consist of a solitary man with a messy apartment which may or may not contain a chicken.
mircea_popescu: kakobrekla that's why you have a bunch of sitcom people doing "entrepreneurship" rutines these days.
mircea_popescu: i guess in a backwards way the futures uptake is a measure of btc/fiat decouplement.
mircea_popescu: the real macro problem here is that because btc and fiat are so badly decoupled