511600+ entries in 0.335s
PeterL: maybe I could run
that? pretty simple chemical reaction, really
PeterL: once a few more stocks show up on
the exchange
ben_vulpes: in practice, i'm unaware of anyone offering
to manage btc between MPOE/BBET/NSA/BTC for a fee.
ben_vulpes: no, my hypothesis is
that
the current us style of "just stick
the money in
the market and get returns" is slated for
the guillotine under
the new regime.
PeterL: MPIF is sorely lacking in places
to put its money
felipelalli: Let me ask one
think out of
the context: isn't gpg contract useless without some "proof of existence", published in Blockchain, e.g.?
☟︎ PeterL: you just need a couple slave girls with some cameras
to
tour all
teh libraries
felipelalli: He said something like
that
to me one day.
PeterL: I was
thinking like Jurov, yes
PeterL: but you can passively invest with a broker who is in
the WoT
felipelalli: I am not saying
the
trust should be automatic or fast. But
the funding process.
ben_vulpes: this "passive investment" routine is a holdover from
the fiat days.
ben_vulpes: trust cannot be automatic, is built slowly, must be on personal
terms, and contracts are always active.
ben_vulpes: all of
the above is why btcjam is a scam from
the -assets perspective.
ben_vulpes: at
the very least
they need
to be in
the WoT
felipelalli: danielpbarron: I'm
trying
to convince some of
them
to use OTC system at least.
danielpbarron: no reason you guys have
to stop lending at your prefered rates
PeterL: it is easier for scammers
to hide if
there are legitamate users around
them
ben_vulpes: a good scammatron has
totally legitimate uses and users.
felipelalli: And it makes more impersonal and passive. Instead
to make a spam asking for money
to your family and friends (active and personal), you can just publish
the list (passive and impersonal) and anyone can invest if
they want, or just ignore. Like 5 people I know personally invest
their first 30% and
the rest was "friends of friends". It just worked
to me because I had a good "outside WoT".
felipelalli: They were just like a
tool
to make easy contact 30 friends at
the same
time, and make it in 5 min. (actually in
this 30 friends
there were friends of friends, like level 2 in WoT))
PeterL: see, you had wot ouside of btcjam
that made
those investments worthwhile
felipelalli: Actually it was easy
to find red flags in
the lists. Unfortunately
their system does not help
that much, but if you are smart, you can see
the clues.
felipelalli: But I could easily be found
there. And I have personal friends
there,
that I know it is a secure investment.
That's why I only had profit, very few lost.
felipelalli: They could invest on me
there. I was a very secure investment, e.g.
felipelalli: and, of course, 4)
there are better investments
than BTCJam
to you.
☟︎ felipelalli: ben_vulpes: I
thought it was a global problem, but I learned here
that: 1)
there are rich guys (you guys)
that really don't care about it. 2)
there are guys with rich friends :) 3) your interest rate are ridiculous cheap. BTCJam really don't solve anything
to you.
ben_vulpes: felipelalli: aha,
that's why all
the butthurt
Pierre_Rochard: Pierre_Rochard: I
think
the worst credit cards run for 2% per month, 30 yr fixed rate mortgage with good credit will cost you 0.33% per month
felipelalli: PeterL: sorry,
the question was
to Pierre_Rochard
felipelalli: PeterL: what is
the rate per month you can get where you live? I heard it is much less
than here.
felipelalli: I had never
thought
that
they did not deserve even
taken seriously, but it seems
to make sense.
felipelalli: I'm sure I could set 2% rate or less and my list would be fund, because my reputation in Brazilian bitcoin community is very good. But now I have no choice rather
than get 3.5% calculated like magic by
them.
That's why I was disgusted. I would write an article about
that, but after
talking with you guys in
this channel I was unmotivated.
felipelalli: But now, BTCJam simply eliminated
the free market where
the user could choose its own interest rate (and let it free
to investors fund or not), and
they automagically calculate
the interest rate. With
this new rule, I can get by 3.5% per month.
That is not a huge problem for me, actually, I was using
this more like a
test. But
they simply buried
the "service". Even if it was a zombie's forehead shot.
felipelalli: Itaú normal interest rate: 7% PER MONTH. My interest rate in Itaú (because I am an old client): 4.8%. BTCJam: 2.8%. It makes a huge difference when you calculate
the compound interest per year.
☟︎ felipelalli: like a village without bank". You guys forget
that I live in Brazil, shit of country.
felipelalli: right lists, and
the right rates. I really want
to understand better why you guys dislike it so much. In my country
the interest rates are very high. In my bank, for example, I can get a loan with 7% per month MIN! APR 125% and in BTCJam I made some
tests and I could get my first loand with 3% per month (42% APR) and
then
the second 2.8% (39% APR).
The loan is so fucking high in bank
that I can say like mircea_popescu said: "we are
felipelalli: vorandrew: you said "you repay all year just
to get max rating" << no, no.
The service does not work like
that. Actually, if you get
too many loans your score can decrease.
The score is very bad implemented / executed yet, but it is not SO bad like
that. And 660K BTC? Well,
they played in
TOTAL until
today 44K BTC.
Total. I like
the idea of P2P lending: it is not
the most secure investment ever but at least is fun play choosing
the
felipelalli: mircea_popescu: "felipelalli it actually already works like
that." << what exactly "works like
that"? Sorry, I couldn't link it. --- And
thanks for
the links, I'll read it.
felipelalli: thestringpuller: but "the repayment rate" does not depends (also) on
the investor? He can choose
the investments he wants
to make. I was being lucky, or I made good choices.
felipelalli: mircea_popescu: "felipelalli it actually already works like
that." << what exactly "works like
that"? Sorry, I couldn't link it. --- And
thanks for
the links, I'll read it.
felipelalli: thestringpuller: but "the repayment rate" does not depends (also) on
the investor? He can choose
the investments he wants
to make. I was being lucky, or I made good choices.
☟︎ pete_dushenski: one of
the
trickier conversations
to break up, i admit, but it's a little better now.
pete_dushenski: but as i said earlier, reading comprehension would be
the most valuable for my purposes
pete_dushenski: i really don't know any other german speakers with whom
to converse
☟︎ pete_dushenski: on
the spendier side,
there's always rosetta stone, but having someone
to speak
to other
than my mother would be nice
pete_dushenski: trinque: haha i actually did a few lessons on
there ! back when i started 'sabbatical'
decimation: unfortunately german isn't as useful
today because germany has been well-anglicized
trinque: barely
toddler level, but
the app's fun
pete_dushenski: in german, i have hello, goodbye, sorry, counting
to 10, and a few other random words
decimation: asciilifeform: I know
that
the german chemical industry was also generally
transported
to usg
pete_dushenski: if anyone can point me
towards interesting work in german, i'll
translate it for cripes sake
pete_dushenski: chemical weapons, v2 rockets, many
things i have still
to learn of
pete_dushenski: my digging was more concentration camp focused, but i guess you bring up a good point
that
there's was a huge breadth of inquiry at
the
time
pete_dushenski: i'm generally curious about
the merits of
their decade and change of research
☟︎ pete_dushenski: haha what... i was
trying
to hunt down some nazi scientific papers last night
pete_dushenski: unless someone can point me
to mengele's published paper
trinque: asciilifeform: silos are still
there, as far as I know
jurov: all gear will be gon
to scrap metal or so
jurov: if
the collapse will look like anything in
the ostbloc
trinque: day
two, and we're back
to clubs and wearing skins
trinque: but
to
think none of
them are,
that's naive
trinque: which ones are actually prepared for
the collapse, we'll find out
then