464600+ entries in 0.204s
mircea_popescu: gas was too difficult to get all the permits for iirc.
mircea_popescu: they had to make their own water supply and various other shits.
mircea_popescu: Private well to supply make-up water (well is backed up by city water)
mircea_popescu: 36,000 gallon storage tank to hold make-up water for cooling towers
mircea_popescu: yes. that somewhere however is not pretending to be and do things they aren't and can't do.
mircea_popescu: which is also why people don't partner with "anyone in the community".
mircea_popescu: people would point out you're not qualified to handle several billion.
mircea_popescu: on a total budget of 100k a prototype could cost at most 2-3k
mircea_popescu: if all you have is 100k and you spend 100k, you did not buy a prototype.
mircea_popescu: to wit, that thing which people with a lot of money do.
mircea_popescu: there's a very good reason why there's no dcs made out for 50 racks Diablo-D3
mircea_popescu: a mid size up to par with current specs dc costs about 1bn atm.
mircea_popescu: the generators for a decent facility run in the millions.
mircea_popescu: you can't build a detached family house for 150k in maine.
mircea_popescu: do you have any ideea how much... uh i dunno. gnax atlanta cost ?
mircea_popescu: A dedicated facility will be purchased or built on un-/under-developed land located in Maine due to our cold 6 months out of the year environment and lack of natural disasters. $150k will be set aside for this purpose as a soft estimate.
mircea_popescu: and so people aren't really very interested in facing the cp risk involved.
mircea_popescu: as such, the benefits of making a large company out of many fpgas are neglectable
mircea_popescu: be that as it may, the problems with your design are that anyone can run the newer fpgas. the days when gpu's required competence from the operator are gone.
mircea_popescu: fact of the matter is all this is pretty banal. a currency exists.
mircea_popescu: mno. i could just as well point out that it's because mpex went from 300k to ~5mn valuation, it's mpex that people are speaking about.
mircea_popescu: wouldn't you think this is something better left to "people" to say ?
mircea_popescu: you're missing out on some vaguely gay very pretentious stupidity.
mircea_popescu: it's sad what all the prep talks and "creativity" training has done to this generation.
mircea_popescu: im reading up on this jro drama. these forum idiots... ah god they're so friggin ridiculious. they're exactly but exactly like any other 30something incompetent but ambitious circlejerk.
mircea_popescu: you can't seriously think you invented "bootstrapping" though bitcoin.
mircea_popescu: if talk makes you happy you should spend time with whores.
mircea_popescu: surely. the only thing is that the market we can do nothing about.
mircea_popescu: cause i think this "being in a bad spot for being first" is mostly self-pity. in fact, it's in a bad spot by poor communication with market.
mircea_popescu: i think you'd have been a lot happier if that contract was better written tbh.
mircea_popescu: if you ipo as a shoe factory you can't take the money and buy shoe factory shares in other factories
mircea_popescu: the main problem still is how come you own other people's paper.
mircea_popescu: if they fail you don't end up with large capital costs writen off as losses this way.
mircea_popescu: yes but there's a reason, see ? tghe reason is that it's much cheaper to test things out on a small scale.
mircea_popescu: commodification is a natural process, you can'd "do" it any more than you can rain.
mircea_popescu: well i'll tell you this, unlike most everyone i don't think you're necessarily foolish. maybe a little haughty. the thing is, it's not enough for something to be hard to make it worth doing.
mircea_popescu: even in that paradigm, i don't understand why you'd be holding other people's paper.
mircea_popescu: the problem with this is that the market is not mature enough to make that move yet.
mircea_popescu: so basically you envisage a very capital intensive investment
mircea_popescu: o i recall reading that and pointing out that you're too late for the 1mn bitcoin start-up.
mircea_popescu: so we'll have to leave your opinions on valuations aside for a moment.
mircea_popescu: well the problem we have here is this : you think yours worth 1, they go for .0x. you think his worth .05 they go for 1.
mircea_popescu: the dmc is doing nothing to no market. it's 2k lifetime trade volume clearly indicate that.
mircea_popescu: giga's 5mh/s trade around 1, you want three of those, that's 3btc.
mircea_popescu: so basically you'll take anything to divest from your own company ?
mircea_popescu: that kenna dude from tradehill who is owen's partner in some land development
mircea_popescu: they don't love the sort of half baked shit that goes on on the forums, sure.
mircea_popescu: how dares this asshole mingle me in his feting pool of failures.
mircea_popescu: For 99% of investors who could make Bitcoin happen, the answer is a resounding "NO."
mircea_popescu: bust markets and ask yourself "If I was an investor, would I put any faith or money into Bitcoin businesses?"
mircea_popescu: The realization that I had gotten in to bed with a criminally minded guy, leaves me to only blame myself. Nothing changes the fact that I am ultimately responsible to the people who have been in my support. What's worse is that *very few* real world investors want to touch anything Bitcoin related with a ten foot pool. If you have to ask yourself why, take a look at the current price. Look at the ponzis (Pirate), look at the most ro