780600+ entries in 0.573s
decimation: why should some
third party keep your keys because
the gov't says?
decimation: on
the other hand,
the idea of a bitcoin retirement 'fund' is retarded
ozbot: Time for Europe
to repeal
the US-backed AML crap. pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: ;;google
Time for Europe
to repeal
the US-backed AML crap
decimation: Of course, many of
these assets are "invested" in stocks, run by bandits who pump & dump
the price
davout: Apocalyptic: yup,
they be
the police, i don't want
to
touch
that with a
ten foot pole
ozbot: ICI - Retirement Assets
Total $17.5
Trillion in Fourth Quarter 2010
decimation: Total U.S. retirement assets were $17.5
trillion as of December 31, 2010, up 5.2 percent in
the fourth quarter of 2010 and up 9.1 percent for
the year.
Apocalyptic: when essentially LW is
the policemen and in charge of validating clients
davout: mircea_popescu: what is it you said once about one party of a deal saying "that's
the way it's gonna be" again ?
mircea_popescu: i mnean sure,
they can continue
talking
to
the scammers and be scammed
till
they're happy and had enough.
benkay: leave
those jurisdictions,
then.
davout: there's no such
thing as a "ok you're kosher" kind of stamp
mircea_popescu: davout so
that's what new york may offer
to convince me
to ok
their license bs :
davout: that how it works
though, and it's
the sad state of affairs where if you have any sort of financial license you *are* required
to monitor activity, and pretty much be
the police
Apocalyptic: the
trillions
they see on
their balance :)
decimation: If I'm right,
then
the next leg up on
the BTC/USD is going
to happen when
the
trillions of $ in retirement accounts start washing into BTC; via Gresham's law
mircea_popescu: you're a businessman not a policeman. let
the policemen do
their job.
mircea_popescu: because you don't wish
to be involved with or responsible of law enforcing.
davout: mircea_popescu: why is
that?
mircea_popescu: you get
the license,
the customer applies with
the agency. you get
the ok, you are legally immune
mircea_popescu: the only sane way
to do
that would be making a state agency which handles
the aml kyc.
decimation: Of course it would with all kinds of AML KYC rules but
that's obvious
mircea_popescu: the us
turning into a sort of continent sized syria is however also quite possible.
decimation: new york seems really serious about
this bitlicense deal
decimation: like pot,
the civil servants who run
the states can smell
the
tax revenue
mircea_popescu: decimation
that'd be
the optimistic view as
to
the us' future.
mircea_popescu: that's a sailor. people who can sail a boat in some circumstances are sail management
technicians or w.e
decimation: prediction:
there will be an operating legal BTC exchange in
the US within 2 years
mircea_popescu: herbijudlestoids
this dovetails neatly into an older saying of mine, re
the sailor being required
to sail
the boat in any wind.
decimation: As I grow older I've learned
to perceive danger in banality
mircea_popescu: it is illusory. and it blinds you
to
the actual safety in barren lands
mircea_popescu: so
this is exactly it : you perceive safety in banality.
herbijudlestoids: mircea_popescu: i get
the joke, its amusing. but i am not sure why you feel what im saying is an indication of
trouble for me stepping outside my comfort zone
mircea_popescu: ThickAsThieves generally, if you live in a
town where people have
the right
to bear arms, it's better
to live in
the one where people actually know how
to use arms.
mircea_popescu: the asshole's laying out some shit from his case onto a small
table
mircea_popescu: guy follows gal in
the room, she sprawls herself on bed, "Honey what'd you like ? cunt ? assgole ?"
mircea_popescu: herbijudlestoids you familiar with
the concept
that he who can't make a sharpened stick can't make an airplane or anything else ?
herbijudlestoids: we arent
talking about an exchange running asset class where
there is intraday vol
mircea_popescu: see Jere_Jones people have a lot of
trouble stepping outside of
the environment
they perceive as familiar and
thus imagine safe.
ThickAsThieves: <mircea_popescu>
ThickAsThieves you're
the scamspert, do you like cryptsy ? <<<< i dont know any of
the people doing any of em, but
this morning i inquired with all of
them
herbijudlestoids: mircea_popescu: like i said.
the market has no liquidity, which makes
the only game in
town worth playing, making markets. if i cant make on both sides of
the book,
then its basically me just selling ATC arbitrarily, or i gotta
take some initial losses
to generate BTC from ATC sales and use
those small amount of BTC
to make
the bids
mike_c: mircea_popescu:
the "vendor expoliting
tx malleability until our wallet was empty" was
the silk road excuse, not
the mtgox excuse i believe
pankkake: so I am forced
to use
that horrible interface
Apocalyptic: <mircea_popescu> Bugpowder nah, i don't
think we like cryptsy. // we certainly don't
herbijudlestoids: certainly not
the xchange iv been hearing
ThickAsThieves
talking about
mircea_popescu: ThickAsThieves you're
the scamspert, do you like cryptsy ?
mircea_popescu: if it's hard when it's easy
then it's hard permanently.
pankkake: what, under 500 satoshi?! I should have sold all my stuff
to jurov!
herbijudlestoids: yea well its kinda fuckin hard
to be a successful daytrader in a 0 liquidity market :P
herbijudlestoids: or do i have
to
take some ATC hits
to generate my own BTC
to limit
the market
mircea_popescu: herbi, how would you like
to be my atc daytrader on openex ?
ozbot: Why S.MPOE is worth more
than MtGox pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: They’re not in fact receiving as much as recognition of status or effort,
they find
themselves in
the untenable position of a poor immigrant who is spending all his wages and borrowing at unbearable, immigrant-ghetto rates
to buy flowers and wine for some local beauty who barely even registers
their desperation or even presence.
mircea_popescu: Add
to
the very narrow margins and very active competition
the burden of regulatory infringement. Money changers are spending as it is now literally immense sums (in Bitcoin
terms)
to
try and mostly comply with obscure and convoluted regulation, which
they can’t avoid or ignore because
they’re always stuck with one foot in fiat. In exchange for
this draining expenditure
they are receiving nothing at all, certainly
mircea_popescu: pretty much
the only
thing one can say about 2014 btc/fiat is "spreads"
Bugpowder: but it was good
to
talk
to a good lawyer
team about bitcoin financial issues
mod6: too busy programming strange
things in php
Bugpowder: I'll give it a
try again. I have a bit of an issue because I use a sub key for my own key and need
to specify it directly in
the pyMPEX script.
mod6: lol "Moderators: MagicalTux" :: He'd prolly just delete
the post.
mike_c: Bugpowder: have you seen herbi's charts? I
think he decided if you see between 7 and 9 downward
ticks you buy immediately for fast profits!
mircea_popescu: mod6
that's
their curse, nobody with a clue has accounts
mod6: maybe I can just make an anon comment? /me
tries
mod6: if it's got
this line: self._mpex_fingerprint = 'A57D509A' [ you should be ok ]
mod6: Bug: should just be able
to add
the new key
to your keyring and
then grab
the latest version