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mircea_popescu: so what's the story with payb.tc ? i saw some vague accusations of impropriety re pirate funds or what ?
mircea_popescu: so you mean to tell me that if you imported it 1000 times you'd have 7000 ratings ?
mircea_popescu: so joel katz was actually trying to con rather than just being dumb as rocks ?!
mircea_popescu: not really. you need a lot more credibility to make a mpex than to trade usd for btc or back
mircea_popescu: understand, it's not like i have a deathwish for mtgox or anything. they're doing something valuable and so on.
mircea_popescu: for instance, irl an exchanger is bled try in taxes and reg costs, but also protected, because you need a license to do it.
mircea_popescu: and also because irl currency exchanges are in a much better relation to the respective govts
mircea_popescu: no but i mean, exchange house makes x, stock exchange makes y
mircea_popescu: ok. do you see how one of them would compare to the stock exchange ?
mircea_popescu: Lyspooner do you even have currency exchanges in your country ? as an independent business i mean
mircea_popescu: <jurov> cause mircea is exponential <<< lol phrase of the year.
mircea_popescu: for anyone that still remembers april times tho... it was a really scary time to be in bitcoin.
mircea_popescu: was an episode earlier like 30-40k contracts were bought
mircea_popescu: jurov but i think in a world where absolutely NO OTHER measure exists or is used, this measure, flawed as it may be, is much better.
mircea_popescu: but anyway : obviously the value of all items in btc will be more than the total btc.
mircea_popescu: why do you think 14k bitcoins aren't enough to extrapolate based on ?