689200+ entries in 0.406s
mike_c: what is BTC stabilization point? when do we get
there? I don't
think 2016
mike_c: hard
to say
then.. would need crystal ball.
mike_c: mircea_popescu: when would you make
the first purchase?
mircea_popescu: mike_c couple of years is no concern, i don't see how one could fit all
the required research in one year.
mike_c: thestringpuller: i've looked into some. but it's hard
to find any worth reviewing.
mike_c: and i'd be happy
to bitbet back
that opinion up :)
mike_c: all I'm saying, is
that if you create a BA REIT, it will decline in BTC value over
the next couple years.
mike_c: there is a universe available. some people buy
t-bills.
mircea_popescu: consider : if only
the
things
that you'd invest in existed, what would you do for food ?
mircea_popescu: well, because if
there isn't a universe available and everyone rides on
thesame pole we'll sink.
assbot: The problem of
too much money pe
Trilema - Un blog de Mircea Popescu.
assbot: BtcAlpha.com F.MPIF
Tracker estimated NAV per share: 0.00021705 BTC (Total: 434.12 BTC)
mike_c: if you have identified a small set of awesome investments, why would you put money in something else
that is worse?
other_mp: mike_c sometimes i suspect your investment philosophy is roughly
the equivalent of
the kid
that'll only eat cake.
BingoBoingo has seen
the ADM elevators on
the Mississippi coast of Western IL
other_mp: a lot of
those big bn figures are various consolidations
BingoBoingo: ADM basically runs on
the Uber model, little actual infrastructure (a few hub) and a lot of subcontractors.
mike_c: I used
to
think bitbet was an investment until halep pranced her way into
the finals.
mike_c: i wouldn't sink any btc into
them
mike_c: lots of investments in
the world.
t-bills are an investment.
other_mp: but are
they investments or are
they expenses.
mike_c: 40b assets + 23b liabilities, but still,
that's impressive.
mike_c: that's fine, but don't
tel me
that growing corn instead of pot is an investment
mike_c: right, but if
that money could have grown 10x instead of 2x..
other_mp: then
the word for
that expense is investment
other_mp: mike_c if
the expense saves 2x
the expense for 100 different peopel
other_mp: it's unsanitary for you
to not be periodically raped.
other_mp: trying
to explore
this
theory.
other_mp: perhaps had
the whole
thing been managed by a corp into which
the inerested parties could buy interest
other_mp: theory being
that
the real estate problems of san francisco
today result from poor historical management
mike_c: what, you got
too much
time on your hands?
mike_c: kinda like using btc
to develop quantum computers
that destroy btc
other_mp: mike_c especially cxonsideringthe sinergies involved. a successful plata valley would by and of itself drive up btc price, hurting
the very
thing
that made it possible
other_mp: you should see
the jewish section btw.
benkay: not
that i'm
terribly sane, but i'm working on it
other_mp: mike_c very hard
to argue with
that.
other_mp: i intend
to import as many sane people as possible.
other_mp: it doesn't cost you 20 dollars/sqft
to acquirethe space.
other_mp: benkay you can generally get about 1 dollar / sqft out of
tourists/foreigners from what i see.
benkay: there is
the
thing called buying
the hole, where you buy a building or some fraction
thereof during/prior
to construction for some 30% discount. whether or not
the position is liquidatable later, i cannot speak
to.
benkay: my intel suggests
that residential is not a good play. not enough buyers
to support
the market,
too much inventory
to support rents at a rate
that accomodates inflation, plus buyers favor newer properties over anything else
mike_c: to put
this in perspective. it's August 2013. price is $100. "the price was $240 in april, hasn't moved in months"
other_mp: more interested
to settle
theprinciple first,
then maybe more canbe squeezed from such optimisations
other_mp: i don't know enough about
the market
to even guess.
mike_c: last
time it was 50 was mid-march 2013
other_mp: for
that matter, btc was 1.2k in jan
mike_c: i don't speak spanish, but i doubt
that said "10x in a year"
other_mp: what does
the esteemed chan
think, mike_c, fluffypony, los_pantalones : am i fucking insane
to contemplate a ba real estate investment vehicle for btc ?
other_mp: basically,
they had 2.5k building sales in april for an average value per building of
other_mp: en la comparacion interanual, las escrituras se redujeron 2.1% y de acuerdo al colegio de escribanos, la cantidad
total aumeno un 20.6% respecto del mes anterior que registro 2223
other_mp: so from my local newspaper (which helpfully includes
three pages of stock and equity listings, you should see
these
things) :
assbot: [HAVELOCK] [SCRYPT] [PAID] 12.01217590 BTC
to 29`438 shares, 40805 satoshi per share
benkay: re uber: it's
the perfect way
to roll out a robo-fleet
mircea_popescu: a woman willing
to part with a juicy set of hooters just
to play
tennis well probably will
train harder
than your average.
mike_c: not one person other
than mp bet on halep.
mike_c: by
the way,
this fking halep
thing exposes another great money maker. Bettors clearly undervalue low probability events.
mike_c: yeah, another 20 years and she will be
the lucky one :)
mike_c: yeah. but uber has some possibilities because
they aren't fucking sharing photos.
they are selling
taxi rides.
mircea_popescu: here's a
true story. when i was in hs
they had a sort of homecoming
thing, picking
teh prettiest chick at
the party. as a personal favour,
tehy were going
to proclaim
the chick i went with miss our highschool.
mircea_popescu: and
that does mean everywhere,
turkmenistan and ghana are equally covered
mike_c: clearly you have staff in france..
top 3 seeds out at garros?? halep in
the finals??
mircea_popescu: but you know, coca-cola (100bn in assets or so) has... factories all over
the place.
mike_c: not what it's worth, i was just saying
they've put in more work
than most.
mircea_popescu: <mike_c> you don't
think
they have
their own staff all over
the place? << perhaps you grossly overestimate what
that's worth.
Apocalyptic: It reminded me of mircea when I heard
the news
mike_c: are you fking kidding me. halep in
the finals??
BingoBoingo: Most of Uber
though is simply outsourcing
to existing operators.
mike_c: you don't
think
they have
their own staff all over
the place?
BingoBoingo: Beyond
that Uber just seems
to have an App