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mircea_popescu: in other news : SD Profit before fees: 30628.62760334 BTC (2.055%)
mircea_popescu: anyway, im off to town for a little. catch you later a bit.
mircea_popescu: and servers. i don't mean mirror it, i mean actually run it.
mircea_popescu: the beauty of how it's designed tho, is that i can run it symultaneously of multiple domains
mircea_popescu: Namjies i actually was planning to both sell dtng and move mpex
mircea_popescu: in fact this is the first online thing of that level. never before was a stock exchange ever had this
mircea_popescu: anyway. total cap on mpex (stocks only) is just about to breach 1mn btc.
mircea_popescu: so, as btc goes up (and in no small part because of mpex) the fee scales. is perfect-ish
mircea_popescu: otherwise its a 30 units fee on a 20mn total monetary mass.
mircea_popescu: if i call it a stock exchange i actually mean the words.
mircea_popescu: in other words, my core mission still is to equip btc with the weaponry it needs to win the war with fiat. this hasn't and won't change.
mircea_popescu: there's nothing wrong with having brokers serving any market niche. irl there's ameritrade and optionsexpress and etc doing online accounts
mircea_popescu: mpex would never list some asset making 3 btc a month, let alone something as dubious as those were. but it doesn't have to not list it :
mircea_popescu: for instance, so you understand better that i mean : in the discussion for psychoticboy's asset relisting, mpex got 1 vote, out of like 30.
mircea_popescu: at the macro level (which is what i do for mpex) you are well advised to use macro tools. a barrier to entry for instance.
mircea_popescu: this has been stated in the inverse, as "keeping drama out"
mircea_popescu: meaningfully contribute means of course help with price formation.
mircea_popescu: i want to keep people unable to meaningfully contribute in the market out of it.
mircea_popescu: that measure they have irl of qualified investors is pretty smart.
mircea_popescu: because there's no practical way to check people's disposable income.
mircea_popescu: and also for the sake of keeping them rare. idiots tend to self-select as they can't cope with it.
mircea_popescu: if everyone's done dumping the k's of btc on mpex for five minutes
mircea_popescu: then he wonders why police tries to keep an eye on him
mircea_popescu: one of the main reasons im here. better food than france, about on par wine, 1/10 the prices.
mircea_popescu: a 1 lb chunk of homesmoked, homemade cheese is like 20
mircea_popescu: simple game of who gets this euro ? the "needy" or the working ?
mircea_popescu: so i gave the salesgirl 60 and told her to give the guy food worth of the change
mircea_popescu: there's very nice farmer markets here. i bought 56 lei worth of smoked cheeses and other nice stuff. there was a beggar there, when he saw my cashroll he got all excited.
mircea_popescu: you gotta double your dime with at least a dime's worth of your intelligence.
mircea_popescu: taxes are bs, nickle to panhandler is bs, tithe in church is bs, these are failure modes.
mircea_popescu: and i help people all the time. the catch is that i never help people in systematic ways.
mircea_popescu: but in principle, the problem with society is this : no 100% solution will ever exist. so, in general, we need to understand and accept that some kids will get raped, some people will get shot etc. trying to make a system where these are impossible results in an unworkable system
mircea_popescu: why not just get a spot on an industrial zone like sane people
mircea_popescu: midnightmagic well if female children are screaming bloody murder...
mircea_popescu: Namjies i don't propose that. i am just pointing out the inconsistency involved.
mircea_popescu: i mean, "society" was in consensus earth is the center of the universe. lalala, big deal.
mircea_popescu: and so what society does has no bearing on the thinking side of things.
mircea_popescu: Namjies i do not propose society not be based on consensus. i just say we need to understand thinking is an anterior, more important thing than society.
mircea_popescu: consensus is in general the best tool to identify when you're about to get fucked.
mircea_popescu: the romans were in agreement that they kick ass, just as odoacer marched in.
mircea_popescu: midnightmagic no. the social representation of reality is consensus
mircea_popescu: and yes, consensus is society, which is what makes it dirty.