678300+ entries in 0.498s
HeySteve: so it's decided purely on
their funding?
assbot: Introducing
the D. series pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: For everyi Series A / seed funding announced by
the circlejerk
that is either in excess of 1 million USD or for a company valued
through such funding over 100 million USD, I will create a synthetic asset on MPEx.
mircea_popescu: HeySteve
that
they announced a 10mn round. from
the article :
ThickAsThieves: i dunno, it's kinda a sad hedge, being
that
those companies are relying on bitcoin
HeySteve: right, and BitGo, what is
the reasoning behind including
them?
mircea_popescu: dub:heh, -assets doxxes NSA
two weeks before snowden << ain't history a wunderbar
thing :D
HeySteve: so is
to correct
to F.DERP as a hedge fund?
BingoBoingo: HeySteve: It will be on ESPN with
the fifty or so other bowl games
that happen in december
mircea_popescu: ThickAsThieves i don't mind
them either, honestly, but a) people found out about gallippi's past, and generally,
the
thing's coming apart. gotta cut
them loose.
ThickAsThieves: i dont mind BitPay
though,
they are
taking one for
the
team
HeySteve: BingoBoingo, yeah I saw
that... will it at least be seen on national
TV?
mircea_popescu: ThickAsThieves a business model based on
tricking people isn't a good match for ipo anyway
mircea_popescu: Mats_cd03
the guy's own money! he can spend it any old way he wants!
BingoBoingo: HeySteve: Bitpay is sponsoring a fucking bowl game.
They probably spent ~10% of
their last round on a notoriously poor form of advertising.
ThickAsThieves: this is why
they brag and compete over new notable merchants, it's all
they have -
those contract
terms
mircea_popescu: HeySteve yes, as mentioned in
the article. any corps
that make bold claims in
the future will go in
there.
mircea_popescu: Mats_cd03: what kind of gullible fuck pays
to bang a virgin? << if you pay
to fuck in general, why not.
ThickAsThieves: bitpay/coinbase only chance is landing exclusive contracts with poor
terms for
the merchant (still a leech job)
HeySteve: any plans
to add further companies?
mircea_popescu: of course, coinbase is a piece of shit, but
there';s no requirement
that next competitor is also a piece of shit
mircea_popescu: coinbase is already moving into
that, with no difficulty.
ThickAsThieves: bitpay also has
to worry about someone like PayPal coming in "Thanks for warming our seat!"
mircea_popescu: thestringpuller: lol bitcoin-assets will develop irc
tools
that will give irccloud a run for
their money... << will ? seriously ? show me irc
tools
that can compare.
HeySteve: ok it sounds like you've
taken a very close look into
their financials. could you explain what you mean by burn rate?
mircea_popescu: they're
trying
to leech it, which only works for so long. what's worse,
their burn rate is killing
them.
mircea_popescu: the success of bitpay has exactly zero
to do with
the success of bitcoin, is
the problem.
HeySteve: I don't know much about BitGo honestly, but it seems
the success of BitPay is very closely linked with Bitcoin's success. doesn't
that make
this something of a bet against Bitcoin's continued merchant adoption?
mircea_popescu: this, of course, is a very old story : with
the exception of mpex listed corps, it is universally
true of any other exchange or broad group.
mircea_popescu: so someone with 30mn looking
to invest in bitcoin would have been better served by buying bitcoin
than participating in
the series a.
mircea_popescu: well, more properly put,
the reasoning is
that
they will never make in
the course of
their business enough money
to pay back
that round of investment.
HeySteve: ok from
the original post (checking for new ones) I
take it
the reasoning is
that
they're overvalued?
HeySteve: ok
the companies concerned are BitPay and BitGo?
HeySteve: hi mircea_popescu, I'd like
to
talk about F.DERP now if
that's convenient
mircea_popescu: thestringpuller: is it still
too late
to get
trackign added? <<< ahahaha no dude, it was
too late before, but we've been doing -t for a while so now it's
too early
mircea_popescu: she's feeling something she ain't felt since forever. Pain. Pain. It hurts her. It shouldn't hurt her, you know, her pussy should be Bubble Yum by now, but when
this cat fucks her it hurts. It hurts just like it did
the first
time. You see
the pain is reminding a fuck machine what it once was like
to be a virgin. Hence, 'Like a Virgin'.
mircea_popescu: Mr. Brown: Lemme
tell you what 'Like a Virgin' is about. It's all about
this cooze who's a regular fuck machine, I'm
talking morning, day, night, afternoon, dick, dick, dick, dick, dick, dick, dick, dick, dick.
Then one day she meets
this John Holmes motherfucker and it's like, whoa baby, I mean
this cat is like Charles Bronson in
the 'Great Escape', he's digging
tunnels. Now, she's gettin'
the serious dick action and
BingoBoingo: Picking colors I
think
the priority should be, what would be
the biggest pain in nubbins` ass...
mircea_popescu: our colors are wind and
that shot of pain urmom felt
that one
time.
BingoBoingo: Eh, why not just use a couple
thousand shades of purple arranged such
that no
two splotches have a delta greater
than 3
ThickAsThieves: made from
the winds of extinct dragonflies or whatever
assbot: FOR
THE LOVE OF CONTENT MANAGEMENT I AM GOING
TO LEARN ABOUT KINJA which apparently has headline limits in length no actually it just has a counter regarding headline length and it's unclear exactly how long headlines can be and if
they can be really long or not, but one
thing is clear and
that is
that headlines can't have italics anyway
this headline [oh no according
to
Twitter, which is apparently where you go for Kinja documentation, you can h
mircea_popescu: apparently we have
to pick our colors for bitcoin-assets
mircea_popescu: btw i just got a message from
the high council of
the darkerati legolas of
the something or
the other, i forget (it was properly inside a dildo impaled in
the cloaca of a messenger crow
tho, so
there's no doubt as
to authenticity)
bitcoinpete: the lulz
that bind should obviate
the need for
tape
benkay: although
there *is* a dock, i could always
take
the derpmarine
benkay: hm maybe i'll duct
tape
the
trabamborghini
to
the roflcopter and float
to
the con
bitcoinpete: is
the roflcopter big enough
to carry
the
trambo
to
the party?
benkay: gonna rent a
trabamborghini
benkay: bitcoinpete: i'm looking forward
to my 10year
assbot: [HAVELOCK] [B.MINE] [PAID] 1.78533443 BTC
to 9`559 shares, 18677 satoshi per share
rithm: asicminer you used
to be able
to play in
rithm: #bitcoin-rithm is where we spin-the-bottle and decide if Willy
trends up or down
assbot: BitBet - Costa Rica will advance from
the 2014 World Cup group stage :: 0.41 B (35%) on Yes, 0.75 B (65%) on No | closed 2 days 14 hours ago
fluffypony: rithm: no,
the mining assets are all
turds - many are outright scams,
the rest are USD profitable and not BTC profitable
rithm: or is
the mining
turd still prevalent
rithm: are any of
the mining based assets not "turds"
rithm: it was a pain getting
the allow mask changed on all
the secret channels
bitcoinpete: benkay:
the startle was from my intoxicating confidence.
those poor girls hadn't
the faintest clue where
they went wrong.
rithm: then i went
to #freenode and got me cloak changed
rithm: but
this was so long ago
rithm: many many many moons ago when
tones still did stuff on phones
rithm: didn't
try
to hide very well
though
rithm: obv i knew how
to use freeshell long before
the kids
fluffypony: so won't
the real fluffypony please stand up
rithm: rithm is
the real fluffypony
rithm: once jcpham learns
to computer again
rithm: also i named all my kids with
the same initials
rithm: he's one of
the "top 4 scammers"
assbot: BitBet - Costa Rica will advance from
the 2014 World Cup group stage :: 0.41 B (35%) on Yes, 0.75 B (65%) on No | closed 2 days 13 hours ago
rithm: that guy sucks and
tried
to ruin a lot of ratings for no reasons
rithm: do i need
to confess
to anything else