745600+ entries in 0.476s
jurov: they know how
to appreciate
true womanhood
jurov saves
the crumbs woman
to later delight of his lesbian friends
nubbins`: he's published books full of shit like
this
mircea_popescu: then you're regaled something from
the roadside freakshwo cca 1905
mircea_popescu: lmao at all
this "genetically superior both physically and mentally"
nubbins`: "R. Crumb's ideal woman:
the 'true amazon'"
ozbot: Robert Crumb’s History of Women «
TheArtofAttraxion X Because your body is a canvas.
nubbins`: mircea_popescu: for
that matter, i don't
think
the chemist generally lays
the blotter at all
nubbins`: Mats_cd03: i haven't been keeping
track of
the clones at all
nubbins`: mircea_popescu: as it happens,
the best i've
tried has been white-on-white (no design at all)
Mats_cd03: as i understand it,
the best market are
the sr clones
mircea_popescu: nubbins` isn't it
traditionally reserved for
the girlfriend of
the chemist making
the dope ?
nubbins`: a
tough nut
to crack
tho, for sure
nubbins`: Mats_cd03: would actually be a neat business
to get into, supplying blotter paper
davout: mircea_popescu:
thank you kind sir
mircea_popescu: davout well i can't find it now. some kid from
the "community" of self-proclaimed experts wrote some sort of article/"white paper" on how bitcoin exchanges should do x y z
to get
their risk of blowing up in line with
the risk of
the average 20yo getting hit by a bus
Mats_cd03: after you lay it, get close and
take a deep breath
ozbot: Cash
theft from RNC locker remains unsolved - Newfoundland & Labrador - CBC News
davout: mircea_popescu: who was arguing
that ?
mircea_popescu: because you know, little
train engines
that can,
these people.
mircea_popescu: asciilifeform yeah something based on how likely it is for
the avg 20yo
to bite it
mircea_popescu: supported by evidence
this strange view oif his, seeing how bitcoin exchanges have
the life expectancy of
trisomic neonates
novusordo: i'm having
trouble with coming up with any good examples of non-asset holding corps preceding bitcoin
mircea_popescu: davout from what i recall, some random idiot opining was claiming
that getting
the average bitcoin exchange at
the safety rate of
the average human would be a great gain in security.
davout: but i do agree
that
the improvement of natural selection is a good
thing
mircea_popescu: asset-based corps dampen management incompetence, allowing outright
thieves
to run for a longer
time
than
the yshou;d
davout: there's also
the bus factor
davout: imho ZA corps are quite vulnerable
to issues related
to management since basically
the management *is*
the company
nubbins`: "In
the end,
the rioters
traded
the sole hostage in exchange for
two cigarettes before surrendering
to police."
davout: your evaluation of
the relative risk
mircea_popescu: which part,
the different risk class part or
the sorting of
the classes part ?
davout: tbh
that sounds more like your opinion
than an argument
mircea_popescu: not saying asset-holding is bad for all
time or anything, but it is riskier.
mircea_popescu: the argument boils down
to "fully distributed, non-asset hodling btc corps are a better risk class"
davout: mircea_popescu: doesn't your argument boil down
to : "assets are risky because
they can depreciate" ?
Neil: I want
to understand better what can happen.
davout: mircea_popescu: how would bb buy anything in
the first place ?
Neil: I'm not disputing
the setup, I actually like it.
mircea_popescu: so what's in scope is running
the court system of bitcoin
mircea_popescu: to
this position where he jsut lost a good 90% of his value
mircea_popescu: investor has gone from
this position where he realises gains each month
mircea_popescu: then
two years later wynn hotels hit a slow patch, get sold for scrap
Neil: Trying
to understand what's "in-scope" and what isn't. I personally don't
think it's clear. I respect your desire
to run a clean, auditable (via blockchain) operation. But
the future isn't clear at all,
to me anyway.
mircea_popescu: and it finally means
that about 70% of
that value is actual assets.
mircea_popescu: this obviously will force a modification o
the contract, making bitbet a nz0 now.
mircea_popescu: the forums will be extremely excited at
this development.
mircea_popescu: but consider
this : suppose
tomorrow some great[ly idiotic] new manager
takes over from me, and decides
to expand bitbet by buying wynn hotels.
Neil: Just saying "where's
the flexibility"?
mircea_popescu: expansion in
that sense is not useful for an investor.
Neil: So as a prospective investor, given
the
terms, I'm
thinking "Where can
this go, how can it expand?" And it seems limited. Which may not be a bad
thing.
mircea_popescu: people keep changing
things randomly because of
this unwarranted and unwelcome expectation
that "new and
therefore better"
Neil: Which isn't
to imply it doesn't have a great future.
Neil: But as a random Joe sixpack reading
the specs, and not knowing who you are etc., it's not really clear how bitbet can evolve, indeed even if it can.
mircea_popescu: basically
the business of
the bookie equals
the actual bookie.
Neil: Sure. I respect you believe
that.
mircea_popescu: the correct way for
this
to work would be for someone (respected and competent as a bookie)
to start a fund
Neil: Suppose bitbet decided
to do fixed odds betting (taking on risk on
the house). Is
that "within
the spec"?
mircea_popescu: or couldn't
trust mp or couldn't lock his btc up for months ?
Neil: mircea_popescu: So, somehting I've wondered. Do
the "bitbet"
terms at MPEX prevent bitbet branching out into other revenue streams?
mircea_popescu: so
then... what,
the guy with 200 didn't know about berkshire ?
Neil: But bid-offer is
too high.
mircea_popescu: if anything,
the fascinating
thing with
that 200 is
that it didn't land on
the no side of berkshire
mircea_popescu: so were
the implied odds wrong before or are
the implied odds wrong now ?
Neil: Clearly
the market is
thin. No, I have no idea either, but clearly
there are limits in our fun little world. Which is good :)
mircea_popescu: but i can't dispute
the facts on
the basis of my own opinion either.
mircea_popescu: this is like
telling me friction prevents wallstreet from pricing gold, because fucktards in namibia have no ws access
Neil: Friction of
trusting a dude with
the initials MP, friction of knowing
the bet exists and
the odds, friction of knowing
the odds can change underneath you, friction of
tying your money up for 1 year, ... I could go on.
Neil: The Berkshire bet is another example, I
think.
The odds are higher
that 3% (perhaps 15%) but friction prevents realization.
Neil: (i.e. no new bets have come in
to counterbalance). I don't believe
the "market" odds moved
that much overnight. Friction is high.
Neil: "You"
talk about
the dynamic of bitbet settling
to reasonable odds, but a counterpoint is
the example fo
the recent 200 BTC bet on
the 10k USD bet.
Neil: But I'd also support anyone's right
to bet
that...
mircea_popescu: all
the other smarter-than-life players ended up in
the same bin.
Neil: Not so smart. I wouldn't bet
that.
mircea_popescu: i suppose in a way it was a gamble, guy risked 2 btc on
the
theory "bitbet bettors are idiots"
Neil: mircea_popescu:
Though I
think he actually got some contra bets late in
the game, which meant he came out near break-even, by luck of said coin
toss!
mircea_popescu: that we readily agree. coin
toss and weight doesn't mix