mircea_popescu: One thing to note is that, generally speaking, a Bitcoin/altcoin mining operation is strictly profitable from a fiat perspective. Anyone who thinks they’re profitable from a BTC perspective needs to take a cold, hard look at the data for the past few years, and needs to couple the historical data with the inevitable delays when pre-ordering mining equipment. << this is quite true.

mircea_popescu: fluffypony btw that article is quite useful

mircea_popescu: god help you if you have to use the thing indoors tho

mircea_popescu: i suppose the wanna-be cool dorks love it because it's so BIG and it looks JUST LIKE IN TH MOVIES OMAYGAWD

mircea_popescu: i guess it'd work on anything short of a tank

mircea_popescu: the army mostly uses it to blow up explosives iirc

mircea_popescu: i had no idea they used the barrett as an anti-personnel device on the streets of the asphalt jungle

mircea_popescu: Mark Serbu told us, “I refused to sell my rifles to the NYPD, and when I talked about it online, it blew up like crazy. Everybody liked the idea of a gun law biting the government on the ass. There are only two manufacturers of semi-automatic 50-caliber rifles in the US, and neither will sell to the NYPD. This is like, ‘Screw you, New York.’ People are less safe without our rifles to protect you.

mircea_popescu: luckily we have years of amassed history and discussion to establish what competence/experience are, what they do and how they look like.

mircea_popescu: quite contrary to that derps claims.

mircea_popescu: it's funny tho, that completely disqualifies thyem from any sort of experience or competence in the field

mircea_popescu: "by investing in this company you're buying chunks of a dollar-denominated investment, because they mostly plan to sell your bitcoin and pay off fiat costs."

mircea_popescu: o well say it like that then

mircea_popescu: fluffypony " Given how reliant this company is on paying backend costs in fiat" I don't follow this part.

mircea_popescu: or wait, was that, they're planning to actually send congress a budget at all, like required by law ?

mircea_popescu: over about the same timeframe

mircea_popescu: Apocalyptic they're also planning tobalance the budget

mircea_popescu: "They have something better than WOT. Real names and real business experience." ahahaha help me rwanda.

mircea_popescu: Apocalyptic: I wonder how much US sent them back so far << the us had more sense than to put a clause in there that the matter is to be judged according to frankfurt law.

mircea_popescu: moiety: what will happen next? <<< probably us court will try to confiscate various argentine assets in various countries, further straining its relations with the world.

mircea_popescu: Vexual: can't afford it ? << actually, they could, they just dun want to.

mircea_popescu: that's the definition of self limiting

mircea_popescu: pankkake well, it's finite see. the only way they can do something stupid in the first place is by giving it away

mircea_popescu: luckily that tends to be a self-limiting problem

mircea_popescu: the stupidity of people holding bitcoin is the one thing that can hurt bitcoin (as evidenced by say the pirate debacle, or by the fact that a million fucktarded stoners managed to give the usg a gift of 20k ish btcs)

mircea_popescu: Apocalyptic that's a problem, yeah.

mircea_popescu: the archetype of the neobee being, of course, that antonoderpulous guy.

mircea_popescu: these schmucks have sunk in the research and classifieds the typology nao.

mircea_popescu: fluffypony neobee TYPES mind you.

mircea_popescu: knc kinda delivers don't they

mircea_popescu: I WAS BUSY THAT MAY DAMNIT

mircea_popescu: kakobrekla o look at that, 179:144

mircea_popescu: http://organofcorti.blogspot.com << he's like the mike_c of mining

mircea_popescu: ;;later tell organofcorti nice site btw