641500+ entries in 0.391s
BlueMeanie4: but its EASIER
to market it if i can catalogue by risk class
mircea_popescu: no, wot only looks at how likely it is for your cp
to lie
to you.
BlueMeanie4: WOT only looks at
the person issueing and while
this isn't useless, it is possible
to make much better systems
mircea_popescu: it's nonsense
to claim
they're
the same
things but with different risks,.
BlueMeanie4: yes i would buy one mortgage risk and not
the other
mircea_popescu: and yes, i would say
that
they are equally likely
to be delivered.
mircea_popescu: that's
the wrong question. is it equally likely
the store will deliver my order is
the right question.
mircea_popescu: "i order a dildo and a box of cookies in
the same shop. are
they worth
the same ?"
BlueMeanie4: well WOT measures value by
the person, not
the
type of credit
this person is marketing
BlueMeanie4: the point is
that different classes of credit are valuable
to different classes of people
assbot: What
the WoT is for, how it works and how
to use it. pe
Trilema - Un blog de Mircea Popescu.
hanbot: thestringpuller: hanbot: was
that a goodfella's reference? << yepper.
BlueMeanie4: well you WOT is one-dimensional. say you were
to describe what
the credit is FOR, ie. you want
to finance a software project.
then your market opens up,
there are investors out
there who invest in such
things.
jborkl: Mircea, if I need credit for
the next 3 days will my WOT suffice?
BlueMeanie4: so
this approach greatly increases liquidity
BlueMeanie4: but
they know what class of credit you are in
BlueMeanie4: but
there are investors out
there who might want
to invest in my CLASS of credit
BlueMeanie4: example I want
to make a bond for my business
BlueMeanie4: well part of
the problem here is how
to catalog
the *offerings* for
these instrumetns so I can easily invest or market
them
BlueMeanie4: and
there are MASSIVE outstanding instruments
that most believe will collapse
mircea_popescu: someone wants
to cast a vote in
the wonderous world of finance, he'd better demonstrate either intelligence or
the ability
to retain counsel.
mircea_popescu: whenever
the random idiot gets involved across
the board,
the economy goes
to shit.
mircea_popescu: BlueMeanie4 no it's not.
they aren't for
the mass market.
mircea_popescu: nubbins` it's actually one of
the best ways
to get in
the wot, fully paid future delivery contracts with someone already in. should be safe enough if dealing with a heavyweight for both parties.
BlueMeanie4: this is part of
the problem, MARKETING is
the big challenge for
these sorts of instruments
nubbins`: BlueMeanie4 what kinda options/futures you looking
to buy
mircea_popescu: everything else went
to shit, satoshi, mtgox, all
the previous
things
that "were" bitcoin. we're still here.
BlueMeanie4: hopefully you guys will be around here
then
BlueMeanie4: and
the first contracts were probably marriage contracts
assbot: GPG contracts pe
Trilema - Un blog de Mircea Popescu.
assbot: History,
Travel, Arts, Science, People, Places | Smithsonian
BlueMeanie4: also you need
to have securitization features
assbot: In which we discuss Datskovskiy’s discussion of MPEx pe
Trilema - Un blog de Mircea Popescu.
BlueMeanie4: i
think IRC might be limited in key ways for
this purpose
mircea_popescu digs up wherever he said
that something can either be decentralized or systematic, not both.
BlueMeanie4: ok i guess it would be fair
to give your platform a real vetting
mircea_popescu: we can't, because a) you're not in
the wot so no we, and b) we already have.
BlueMeanie4: we can build a real p2p financial instruments
tool
mircea_popescu: BlueMeanie4: so how do buy options/futures? << probably your best bet atm is otc. get in
the wot, identify a
trustworthy cp, sign a contract.
nubbins`: BlueMeanie4:
the rich get richer,
the rubes get ruber
BlueMeanie4: so what exactly is going on in crypto
these days?
assbot: How I was wrong : Cuckolding, or a story about sigmas pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: i wonder if
there's a fetish where
the guy wants
to eat out girls
that have priorly masturbated with pizza rolls
BlueMeanie4: factoids are
to fact what pizza rolls are
to pizza
BlueMeanie4: something neither provable nor disprovable, but simply annoying enough
to be worthy of printing
mircea_popescu: <asciilifeform> 'the irish maidens have not lost
their virtue;
they merely misplaced it by an inch.' << does
this mean
they imagine purity is about keeping
their asshole undeflowered, or does it mean
their hymen is now wrapped around
their uterine head ?
ThickAsThieves: this is actually what
the bitcoin community does
to everything
mircea_popescu: "what's
that ? " "like a virgin
that's really obsessed with
the notion people are
trying
to fuck her. paranoid virgin."
mircea_popescu: this should
totally be a
thing. "honey, i'm a virginoid."
mircea_popescu: a humanoid is some sort of human-resembling
thing. a factoid holds more prejudice : it's a nonfactual fact-looking
thing.
nubbins`: humanoid doesn't mean littler
table!
mircea_popescu: nubbins`
that's nonsense. next you're going
to believe a
tabloid is a littler
table.