450400+ entries in 0.19s
mircea_popescu: thinking you can replicate the things by copying what you perceive of their surface.
mircea_popescu: i didn't revise the claim. what i pointed out was that third parties will be able to verify this at a set point in the future.
mircea_popescu: you will, once he fails to pay my 500 btc end of the month
mircea_popescu: the only people willing to borrow are those who don't intend to repay.
mircea_popescu: it doesn't work in the real world, either. if you compensate for bad loans by jacking up rates eventually you create a vicious circle :
mircea_popescu: i'm also sure he's going to spend most of those years in various courts.
mircea_popescu: i'm sure he has a great plan to make everything right over the span of a few years
mircea_popescu: thestringpuller the last play-pretend forum banker defaulted recently, didn't he ?
mircea_popescu: .g site:bitcointalk.org miner bonds worst investments you can make
mircea_popescu: thestringpuller it's a cash-flow business. let me dig the thing up
mircea_popescu: you'll have to double power every 18 months just to stay the same, and this AFTER it stops growing.
mircea_popescu: miners are only secure in the sense that you're secure in the knowledge your investment will eventually devalue to almost 0.
mircea_popescu: OK, I stand corrected. And if you prefer lulz over doing some research how exactly MPOE is financed, then sorry, I'll rather leave any further discussion to MPOE-PR .
mircea_popescu: well man... this is one of those problems that'll make the solver rich
mircea_popescu: (well, basically, i will be taking lots of money in (from mtgox ?) and doling it out to many people who paid me btc. what do i do to make it legal ?)
mircea_popescu: you really shouldn't be going into something like this w/o a lawyer partner.
mircea_popescu: i would think your greater problem would be handling money flows.