722200+ entries in 0.364s
HeySteve: I believe
the most expensive item yet
trading for btc
HeySteve: that I have, no dice. verified email
tho. I'm perhaps being extra cautious as it will be a big story
HeySteve: thanks,
that makes sense. nothing else for it really
fluffypony: HeySteve: so mention at
the outset of
the article
that
the quotes may be unsubstantiated because of reasons mentioned above?
HeySteve: not a
trading situation but journalistic
fluffypony: HeySteve: it depends - if you're
trading with
them
then
they generally have
to auth; whilst you can check with nickserv if
they have enforce on and are identified Freenode have said
that it's possible NS passwords were leaked coz of heartbleed
ThickAsThieves: this also goes in hand with mp's past comments on advising
to make mistakes people havent made already,
thereby adding
to
the
trove of
things we know won't work
jurov: HeySteve: look no futher
that
to
ThickAsThieves here
ThickAsThieves: fluffypony:on
the
topic of stupidity - you mentioned in a post
that clever people learn by observation, and stupid people learn by direct experience...but I'm not sure if I agree
that every lesson *can* be learnt by observation // well, NEW experiences can't be learned by observation, generally
HeySteve: speaking of due diligence, what is
the WoT etiquette on a big name who doesn't wish
to auth?
jurov: but
they haven't headr at all
jurov: i was hoping
that hipstrs redefined it already
mircea_popescu: kinds funny how contrarian people are in
their betting.
ozbot: BitBet - Bitcoin
to drop under $300 before June
gribble: assbot, you better behave or it's
the ass boot camp for you matey!
mircea_popescu: ;;echo assbot, you better behave or it's
the ass boot camp for you matey!
mircea_popescu: we're like a polity over here, and assbot is
the bureaucracy. we can pass whatever resolutions we want...
mircea_popescu: cuz what counts is when assbot gets around
to doing it, not when i say it.
ThickAsThieves: weird,
the first comment after you upped me didnt get
thru
assbot: Voicing
ThickAsThieves for 30 minutes.
mircea_popescu: i was just about
to say, people
think
they can do due diligence, but universally
they can not. however,
there's going
to be a living
to be made in
the future for
those who actulaly learn
to.
fluffypony: ThickAsThieves: you missed your
Twitter friend yesterday
mircea_popescu: there's all
these fucktards
that imagine derping about how saying nigger is bad will suddenly qualify
them
to opine on matters.
mircea_popescu: "But Andreas
Topulopulus , our God And Bitcoin Leader said we can
trust him?"
fluffypony: lol - "Herp Rating Agency is an initiative born out of
the need for due diligence in
the Bitcoin ecosystem.", but he gave Neo & Bee a "Buy Rating" a month ago
mircea_popescu: people rarely spend much
time complaining about something
that has no good reason
to exist.
fluffypony: and whilst everyone complains about it, you get
to see why it's
there
fluffypony: I must say,
the one good
thing about having spent a few years at a listed corporate is
that you see all
the red
tape and regulatory crap
fluffypony: everyone "started a company" in
their
twenties, it's just
that when I did nobody would've invested in it (even if I'd asked)
mircea_popescu: like
the crinkle guy, except in fiat
they don't let dorks
trade on
the company funds.
mircea_popescu: yeah. usually
the painful reality being
that one's, you know, 17.
HeySteve: I'm watching a good film about a man who believes himself
to be Sherlock Holmes, often
the delusion is rooted in denial of some painful reality
mircea_popescu: incidentally, read
the old pirate stuff, exactly
the same broken sort of personality.
mircea_popescu: cause of course it needs
to be supported, you end up having
to leave
town in
the middle of some crisis because you
think people expect you
to go
to
the crochet championship next
town over or w/e
mircea_popescu: and within half a year just
the rent extracted from you by all
this bullshit
mircea_popescu: when you could claim you're an intenrational crochet champion,
to
the mouth gaping amazement of everyone.
mircea_popescu: guy becomes unable
to motivate himself : why put in half hour of work
to learn how
to crochet
mircea_popescu: also breeds
this habint of obtaining it by lying (like
the early adopter stuff) which is pernicious, because it creats
the habit of lying.
mircea_popescu: instead of seeking mine, he went seeking
the publishers'. well fucking hell obivously
they'll approve you giving
them free money.
mircea_popescu: they all claim
that sorta shit.
this is part of why you don't want
teenaged officers :
they have issues with approval, and
they seek it
the wrong ways in
the wrong venues.
fluffypony: also I'm not sure why everyone bought his spiel about being an early BTC/LTC adopter,
there wasn't any evidence of
that; his lack of
technical understanding of cryptocurrency fundamentals would point
to
the opposite
mircea_popescu: but he didn't have brains enough
to ask even, let alone push for it.
mircea_popescu: he had all
the leverage he could possibly imaginably have : he didn't need a fixed date ; he was x-buying anyway.
the publishers had nothing, he could have gotten any deal he wanted.
fluffypony: yeah, when you have buying power and you don't leverage it
that's just idiotic
mircea_popescu: that's what
truely separates
the wayward (ie, erroneous) from
the outright imbecilic (ie, rookie) : he didn't even fucking bother
to get a good deal.
mircea_popescu: both rather useful life lessons, and
the more likely
to be learned.
mircea_popescu: finally,
they could have learned
that you do not grow rich by overpaying, and
that retail is for suckers.
mircea_popescu: and even mutually incompatible lessons, for
that matter.
mircea_popescu: so, while it's
true
that not every lesson can be learned from experience (usually because humans are
too attached
to
their own, ego-defensive processing of experience), definitely any lesson can be learned from observation.
mircea_popescu: neobee did not have more money
than
the average cypriot bank, and so a media overbuy strategy was a loser.
mircea_popescu: alternatively,
they could have learned
that advertising is
the corporate equivalent of
the cock measuring competition, and you don't buy it out of proportion
to your market share unless you are significantly more capitalised
than
the average.
fluffypony: marketing is
the last link in
the chain, not
the first
fluffypony: which rookie mistake are we
talking about -
the advertising one or another one?
mircea_popescu: (to be clear, since he's made so many :
the one where he bought out all
the advertising in a market, for a day)
mircea_popescu: maybe
they should have hired A cup chicks
to dance in a circle around roger ver, in
their underwear.
mircea_popescu: if
they learn from
that mistake
that "they should have x instead"
they're prolly pretty dumb anyway.
fluffypony: he should have
tested
the waters with a small budget and measured
the results
fluffypony: so where in
that process is
the mistake?
mircea_popescu: which was kinda
the idea,
there's an infinite space for experience, and in every iota of it
there's an infinite space for observation.
fluffypony: which doesn't
translate into clicks, and
they
then *learn* from
that *mistake*
that
they should have spent
the $100k on online advertising instead
fluffypony: the expert advises on radio advertising, and
they spend $100k on radio advertising
mircea_popescu: basically, infinities are not all created equal, some are much larger
than others.
fluffypony: the CEO/manager/whatever does a
ton of research, and realises it is his not his expertise
fluffypony: a new business wants
to do advertising
mircea_popescu: hm, maybe
that was opaque. what's your background fluffypony ?
mircea_popescu: the space of observation stands with
the space of experience roughly in
the relation integers stand with reals
fluffypony: on
the
topic of stupidity - you mentioned in a post
that clever people learn by observation, and stupid people learn by direct experience...but I'm not sure if I agree
that every lesson *can* be learnt by observation
mircea_popescu: the general population is in incontrovertible point of fact
too stupid
to live.
mircea_popescu: under it, an explanation claiming
that it was
the communication
that kept
them
together
fluffypony: And yet many people hate
those barriers
to entry and want
to invest (read: lose) money by
throwing it at
the dodgiest listings on
the dodgiest "exchanges" because
they
think
they'll make money in an unregulated environment. And
they complain about MPEX's barriers
to entry!
There are
truly no limits
to human greed."
fluffypony: "So
then MPEX.co creates a barrier
to entry by being extremely strict with listings, depending heavily on
the WoT for
trust and on GPG for contracts, and charging a 30 BTC fee
to register as a
trader (alternatively you can use a broker like CoinBr.
This prevents scammy listings and (generally speaking) means
that investors are of
the sort
that have money
to invest and
the rationale
to
think
things
through.
mircea_popescu: "Danny’s plans before any of us came on board, were shortsighted on multiple levels. What kept us
together
through it all, was not
the brilliance of
the plan, but
the coherence and communication of
the assembled
team and its skill sets. "
fluffypony: waiting for
the downvotes
to commence :-P
fluffypony: so I pointed out
that
there already *is* an exchange with barriers
to entry
to prevent stupidity, but
that "everyone" complains about it and
then wonders why
they get scammed
mircea_popescu: HeySteve: hmm, I should lay out my garden with hedges and such in
the form of my GPU <<
then you could dress as an electron and run around
there
to mine.
fluffypony: yes - and hilariously
there's now a call for regulation and barriers
to entry
mircea_popescu: is
this
the reddit where it
turns out
the "cfo" never got any accounts etc ?
mircea_popescu: i got
this comment link from mod was all like omgwtfbbq fml!