684800+ entries in 0.434s
TheNewDeal: need something
to concentrate on. refuse
to flip chicken early
TheNewDeal: this is going horrible. Just
tossed some chicken on
the stove and now I have
to
take a shit. Running around
the kitchen
trying
to hold everything in before I can flip
davout: mike_c: makes sense,
ty!
mircea_popescu: mike_c yeah ok, sure. facebook is paying 20bn for bitpay because gallipi & his sister gave zuck such good rusty
trombones.
mike_c: because
they keep
taking investments. you don't sell pieces of your company for money you don't need.
BingoBoingo: First
they call MP a pornographer,
then
they call him a scammer, later
the ignore him... Next
they call MP a witch?
mircea_popescu: the best construction for btc value conservation is if
their management is good enough
to copy s.mg, and basically
they just
take
the investment
turn it
to btc and wait
mike_c: davout:
they are spending more
than
they make.
this is why
they need investment. be it for growth, does not matter.
they are still spending more
then
they make.
davout: mike_c:
they published
the figures?
mike_c: no acquihire, sure. but
there are profitable acquisitions (for
the acquiree)
mircea_popescu: for
that matter, in no acquihire do
the investors see a dime
mike_c: davout: point is
they aren't cash-flow positive, so
they can't be socking away a pile of btc.
mircea_popescu: i know
they keep derping about how merchants went from 4k
to 40k, but... w/e
mike_c: what about acquisitions?
that is a common exit path and could make money for fiat investors.
davout: well maybe
the reason for
taking investment is not
that
they're unprofitable, but
that
they need it
to grow faster, am i missing something obvious
to discrimnate between
those
two?
mircea_popescu: i don't even recall, did
they publish
their
total processed / gross fees for q1 ? 2013 ? anything ?
mike_c: but
that is saying very little
mircea_popescu sings .. i'm
the king of
the repartee,
the asshole vip...
mike_c: fwiw,
they seem
to have better management
than neobee
[]bot: Bet placed: 4 BTC for No on "BTC worth over $5000 before 2015"
http://bitbet.us/bet/716/ Odds: 32(Y):68(N) by coin, 35(Y):65(N) by weight.
Total bet: 17.30076814 BTC. Current weight: 54,089.
mircea_popescu: mike_c and notice
that my lines are so very much longer
too :D
mike_c: if
they were profitable enough
they wouldn't have
taken investment..
mircea_popescu: obviously
they're not cash-positive if
they need 30mn now on
top of
the 10mn before and
the 2.8mn before
that or w/e it was.
davout: that'd imply a correlation between
their value and
the btc fiat rate
davout: for all you know
they might be keeping fees in btc, no?
mircea_popescu: it's sufficient for my strategic needs for it
to be under par.
mircea_popescu: i'm not incentivised
to sell it
too low, i don't need
the liquidity.
mike_c: i will be interested
to see how low you have
to sell it
to get buyers
mircea_popescu: davout right as in what you say is
true but it doesn't have much
to do with
the previous
mircea_popescu: mike_c also,
this is a dilemma crafted for your shoesize. so, reits are bad right ? how about seits ? where s stands for ... shit i guess.
davout: the way i was understanding it was "investing in potato crops is betting against btc appreciation" or at least depreciation of btc relative
to potato crops
mircea_popescu: davout i know.
that's kinda how
the mpex synthetics ruin
the life of
these people :
they make understanding what's going on so much easier.
davout: i was understanding
this a bit differently
mircea_popescu: davout yes, because
they're fuckwitted leeches and instead of helping grow btc
they just
try
to leech it for fiat profit.
davout: i'm either understanding
this wrong, or parsing it wrong
mircea_popescu: leaving aside
the fact
that
they very well can't buy even 10mn worth of btc.
mircea_popescu: davout
the people who invested in bitpay
took
the same bet really.
davout: buying it would be at
the same
time betting on bitpay's success and against btc appreciation
davout: that was
the first
thought i had when reading
the d.bpay example
mike_c: after all
the nice
things i said about frenchies
today.
mike_c: but i guess
they are both short BTC
mike_c: now i'm
thinking about how
to combine x.eur and d.bpay..
mike_c: not secret, but haven't i been wrong enough
today? :)
BingoBoingo: It's not unimaginable... For
that md4 would have made more sense
though
mike_c: no, just i had another
thought about what it might be
that wasn't in
the hash (or
the bet)
mircea_popescu: mike_c when you say backup guess, do you mean you had
two human language strings hash
to
the same md5 ?
mircea_popescu: i
think we're seriously
the most charitable people in bitcoin :D
mircea_popescu: you were nuts giving me even odds on a prop like
that btw. i mean srsly, am i known for predictability or what,.
mike_c: hopefully
that's
the right address and not some haxor
assbot: Bitcoin
Transaction e6a777345ccb5e65ca496a1ef123710f5f17f21d695563be47d1846635cf20d3
mike_c: well, 1 btc ain't what it used
to be anyway :)
mircea_popescu: good
thing he hosted it on pastebin with like
the minimal features and all, i know of no server setups even dedicated
that could have served 533 people since april.
mircea_popescu: ya dude,
totally so many people. it's like a downpour of people.
mircea_popescu: leaving aside
the part where his "opinions"
turn out
to be wrong, "hits:533"
mircea_popescu: "24/04/2014 Since so many people are asking privately about my opinion of BTC/USD price direction so I
thought I would write something for everyone."
mircea_popescu: fluffypony he's also not mentioning
the part where bitfinex is a scam ran by
the marginally retarded on stolen code.
mircea_popescu: gotta maintain marketplace discipline, as well as all know our own place in
this world.
mircea_popescu: not happening,
that sort of
thing.
they come and line up when i say
mike_c: my guess was
that mpex picked up a new strategic investor.
davout: TheNewDeal: yeah,
that was amazing
TheNewDeal: , market, stop,
trailing stop, fill or kill; nor about
the OCO orders or hidden orders. Bitfinex is
truly way ahead of
the curve.
TheNewDeal: I've not
talked about Bitfinex since
this isn't a sales pitch for
them. I've not
talked about how
they offer leveraged margin
trade as well as normal exchange. Nor have I
talked about
the p2p lending platform where people who don't want
to
trade can earn swap interest on USD or BTC balance. I've also not mentioned
the 5 order
types
they have: limit
TheNewDeal: found a good line in
that "risk assessment"
assbot: Discourse (discourse) auf
Twitter
assbot: Introducing
the D. series pe
Trilema - Un blog de Mircea Popescu.
gribble: Bitstamp BTCUSD
ticker | Best bid: 555.35, Best ask: 556.32, Bid-ask spread: 0.97000, Last
trade: 555.0, 24 hour volume: 23591.28559995, 24 hour low: 550.0, 24 hour high: 630.36, 24 hour vwap: 593.12308676
BingoBoingo: At least
the nuclear plant acknowledges
they handle hazardous substances.
pankkake: working
there = worst
than a nuclear plant
pankkake: I used
to walk past a mcdo every day. it was like 100 meters away, but it was down
to
the road I was on - it fucking stinked
mircea_popescu: pankkake> I'm not sure it's smell. it's like greasy air << it's
the smell. boiled hooves.
pankkake: and since I wasn't brainwashed early, I can't make it past
the smell
pankkake: I was one of
the few kids
that never went
to mcdonalds
mike_c: don't
tweet
that link, you'll get banned
assbot: Its
Time
To Publicly Execute Ronald McDonald · Clickhole
benkay: ;;google regulator disproportionate
trilema
benkay: nobody ever accused a bureaucrat of understanding
the implications of
their actions except maybe mircea_popescu
TheNewDeal: using $615 predrop and $580 current price,
the US Marshalls has lost approximately $1 Million USD since
their announcement a few hours ago.
davout: the advantage is
that everybody knows bc is definitely not faking volume :D