615400+ entries in 0.411s
hatchmo: you have
to provide a credit card
TheNewDeal
hatchmo: you can buy instantly on coinbase
TheNewDeal
TheNewDeal: they deliver 5 business days after, which basically
turns into an option priced in at 1% above current price, 4 days out
thickasthieves: well
the only
thing of value
they provide is a connection
to banks, right?
dignork: hatchmo:
their sell/buy rates are equal?
hatchmo: because of
the lack of direct
transaction fees?
hatchmo: what do you guys
think of circle?
mircea_popescu: why
this constant braindamnged need
to "improve" by ruining everything
mircea_popescu: it occurs
to me
that
the web2.0 replacement of / with ÷ is one of
the most idiotic
things ever done
mircea_popescu: for all you know
this one had
ten pounds of gold coins burried in
the back yard.
The20YearIRCloud: Quite possibly, however from my standpoint
there wasn't anything special with it. Heck
there's a home right next
to it for sale
they could of got for less with
the same features
The20YearIRCloud: It's amazing how people value
things - I was at a property auction, house was worth $45k , i wanted it for $35k, and people bid it
to $55k due
to ego
mircea_popescu: i imagine all over egypt/albania/kyrgiztan/whatever, in all sorts of small rural hamlets with a single internet lifeline, all sorts of adolescent boys are pretending like
they got
the millionz of btc
mircea_popescu: nobody ever heard of
them or dealt with
them, but sure, 300k bitcoin.
mircea_popescu: o wait, i forgot,
the wash
trading sort of huge. a
trillion just as long as it's done in 100 increments. nm me.
gribble: Bitstamp | A market order
to buy 12000 bitcoins right now would
take 5392647.4421 USD and would
take
the last price up
to 596.8700 USD, resulting in an average price of 449.3873 USD/BTC. | Data vintage: 0.0393 seconds
mircea_popescu: so yeah, if it goes
too low for
too long
they'll be dropping like flies
mircea_popescu: definiotely most of
the midrange and plenty of
the larger mining outfits have just about zero contingency and financial planning in place
Dimsler: especially if it carries
through for a few months
Dimsler: i
think at 250
theres going
to a miner bust out
gribble: Estimated
time of bitcoin block reward halving:
Tue Aug 2 17:11:59 2016 UTC |
Time remaining: 1 year, 43 weeks, 2 days, 0 hours, 20 minutes, and 0 seconds.
Dimsler: whens
the next reward halving again?
Dimsler: in
the end its nothingness
Dimsler: maybe
thats
the premise for humanity
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed
ticker. Default market is Bitstamp. If one of
the result options is given, returns only
that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns
ticker for
that
three-letter currency code. It is up
to you
to make sure
the (1 more message)
mircea_popescu: if anyone can get
trhough
to a contact or something,
tell him
to drop by
gribble: Bitstamp BTCUSD
ticker | Best bid: 338.0, Best ask: 339.76, Bid-ask spread: 1.76000, Last
trade: 339.76, 24 hour volume: 25149.13037167, 24 hour low: 325.67, 24 hour high: 368.74, 24 hour vwap: 0
mircea_popescu: so
the practical choice is either "how you doing" "Great! and you ?" "also great" "oh, great!" or else
the midnight oil.
mircea_popescu: yeah but most
things worth
talking about can't be discussed in simple
terms.
mircea_popescu: in a few years, it's a negative value. you get
tortured.
mircea_popescu: like currently, working for
the usg is a positive value. you get health insurance, a salary, etc.
mircea_popescu: ben_vulpes it's been known
to happen.
that's
the
textbook definition of dekulakization btw : make an asset go negative value in
the open market.
ben_vulpes boggles at
the notion of negatively priced btc
TheNewDeal: I don't believe
the price of bitcoin can go negative, alas I'm not an economics expert
mircea_popescu: kakobrekla no you will owe
the internet dollars when
this is all done
ben_vulpes: <mircea_popescu> kakobrekla you can lket coffee grinds sit in alcohol
then add sugar, just like anything else. << o fuck
the
things i learn here
mircea_popescu: TheNewDeal liquor is made quite simply :
triple alcohol (198 proof or w/e) added
to X item of your choice, let sit for a few months.
then cut it.
gribble: Bitstamp BTCUSD
ticker | Best bid: 330.12, Best ask: 332.75, Bid-ask spread: 2.63000, Last
trade: 329.15, 24 hour volume: 23585.18803595, 24 hour low: 329.15, 24 hour high: 368.74, 24 hour vwap: 0
mircea_popescu: kakobrekla you can lket coffee grinds sit in alcohol
then add sugar, just like anything else.
TheNewDeal: Is
there a specific flavor
that's preferred - i.e. brandy?
kakobrekla: dunno what is your point, but if you want
to kill yourself or just want a ruined coffee,
there are better ways
TheNewDeal: how about coffee and liquor? I've heard of many people proposing it, but rare
to see it happen in practice
thickasthieves: dimsler rides
the line between enjoyable conversation and
troll
mircea_popescu: but as a
total aside :
the quality of your arguments exceeds
the quality of your expression, significantly.
that means you're smarter
than you're read, which is unfortunate. you definitely should read up on and master all
that "preppy 101 vocabulary", it's not
the waste of
time inept pseudo-teachers and pretend-authorities have made it seem.
TheNewDeal: just curious - is it a common practice in any part of
the world
to brew coffee with snuff?
Dimsler: listen don't spin me
the arguement here with preppy 101 vocubulary and euphamisms
mircea_popescu: but
then again,
the proposition
that he was is easily falsifiable.
mircea_popescu: which is why you imagine satoshi
to be a rothbard
tool.
mircea_popescu: instead your priors are controled by
the authors of your favourite purpose-theory.
mircea_popescu: it's just
that
THEY do get
to control your priors. you do not,
mircea_popescu: this is false. you have no better access
than
the students of cause-theory, for very good
thermodynamic reasons.
mircea_popescu: the way
this promise goes is, "if you limit yourself
to purpose-theory, you will have privileged access
to ultimate effect"
Dimsler: quantitive money
theory fails on any systems its been
tried on
mircea_popescu: see, you're
trapped in
this particular worldview, which falsely promises you somewthing.
Dimsler: mircea_popescu,
the ultimate implications are going
to stifle any form of adoption
thickasthieves: my main problem with arguments is when
they proclaim ideals or extremes are achievable for more
than a moment
mircea_popescu: it's not
that. i don't care about
the man's memory or anything. im
trying
to explain a fundamental difference in approach.
mircea_popescu: he proceeded from basic principle. and he, and a lot of other people, couldn't give less of a shit as
to what
the ultimate implications are.
mircea_popescu: ok. so
then. satoshi didn't proceed
towards
this goal or
that goal, as presumed by
this or
that purpose-built
theory of economics.
Dimsler: but
the logic isn't very sound in many of
th eposted economic studies
Dimsler: and i read
the majority of
them
thickasthieves: dimsler mp is abstract but
thats like half
the joy of reading
mircea_popescu: you at all familiar with
the ancient art of hermeneutics, Dimsler ?
TheNewDeal: "satoshi had no idea about cryptography, or computers for
that matter" - dimsler
Dimsler: it goes completely off
tangent
Apocalyptic: for a guy
that had no idea he made a pretty good job
mircea_popescu: but in fact, a number of people are not doing any of
that.
mircea_popescu: you're
trying
to apply
the acting
towards a purpose approach, because
that's all
they
teach anymore.
mircea_popescu: looky here. all
this would make a lot more sense
to you if you read
the
trilema explanation as
to
the difference of acting from a cause from acting
towards a purpose.
gribble: Bitstamp BTCUSD
ticker | Best bid: 336.0, Best ask: 336.68, Bid-ask spread: 0.68000, Last
trade: 335.96, 24 hour volume: 23642.96240402, 24 hour low: 335.23, 24 hour high: 368.74, 24 hour vwap: 0
Dimsler: satoshi had no idea how
to distribute new coins
Dimsler: he fucking read murray rothbard and applied his idiotic quantitive
theory of money
Dimsler: lol give me a break you have no idea what you're
talking about
mircea_popescu: fucktard. for one
thing, it STABILIZES
the price. which is good.