log☇︎
792000+ entries in 0.5s
asciilifeform: but perhaps nobody bothers to count
asciilifeform: odd that there is dispute. chinese executions are quite the opposite of secret.
nubbins`: they don't wait for some asshole to come to them
nubbins`: dub: sure, but the person who wants the kidney goes out and finds one they like.
mircea_popescu: asciilifeform yeah well that's where things get debated.
dub: nubbins`: theres a market, supply/demand and all that jazz
nubbins`: design a design and thing all the things
ThickAsThieves: need to promote the concept
ThickAsThieves: <nubbins`> what i want to see is a major utility announce that they ONLY accept btc. <<<< i might add "design a 100% Pure Bitcoin seal design" to my todo list
mircea_popescu: asciilifeform they're selling about 100k parts a year by the latest numbers i saw.
nubbins`: "who will buy my kidney" will attract nobody, because who wants the kidney of someone destitute enough to want to sell theirs?
mircea_popescu: dub yeah but they ran out of religions meanwhile.
dub: I thought they just pick a religion and use its practitioners
nubbins`: buyers lead the trade
asciilifeform: mircea_popescu: the chinese famously hang around the town scaffold
mircea_popescu: they send recruiting teams in the poor farmland, give kids laptops take their kidneys.
mircea_popescu: what do you think the chinese do /
nubbins`: i never really viewed the wet parts trade as a thing where sellers sought buyers.
asciilifeform: at some point we'll see the destitute and desperate sell their organs for a btc or two, to pay their meters. but not soon.
Mats_cd03: utilities being for rich entities seeking modest, secure returns, i dont see that happening
mircea_popescu: who knwos tho. alternative pasts.
nubbins`: did you even WATCH back to the future? ;(
nubbins`: if it had adherence, maybe those events wouldn't have happened
nubbins`: what i want to see is a major utility announce that they ONLY accept btc.
mircea_popescu: yet again one of our major strengths turns out to have been what clueless noobs imagined is a weakness.
nubbins`: asciilifeform: there's always this year :D
asciilifeform: well, to be fair, if the participants paid for food/housing with btc, there might've been an actual body count rather than simple whining
mircea_popescu: "sin(x) is expected to be 0"
herbijudlestoids: basically all im saying is that if EPS is expected to grow ~86%p.a. then MPOE is a fair value investment, if less then its overvalued, if more then undervalued
mircea_popescu: well... your calculation sits atop and intends to represent an economic reality. which is very fast chaning.
mircea_popescu: i don't think any current sovereign could survive such depression at all.
herbijudlestoids: so how does that affect my calculation?
mircea_popescu: after pirate we had a 4 month freezeout which was the worst i ever saw, almost killed the s.dice ipo
mircea_popescu: then there were like 3 major craters or so.
asciilifeform: a 'kinder, gentler' tontine, where you don't have to plug your rivals, just help them forget to check their mail ☟︎
mircea_popescu: herbijudlestoids many things. in jan last, there were ~7mn btc. now there's 12mn.
Mats_cd03: but i suppose thats 99% of the fun amirite
Mats_cd03: that sounds like good fun, although i'd be worried about getting killed if this wasn't pseudonymous
herbijudlestoids: mircea_popescu: which curve is fastly changing? the earnings?
mircea_popescu: very easy to run them transparently.
mircea_popescu: asciilifeform once the space stabilizes some i expect tontines will actually work great.
asciilifeform: every year the participants put out crypto-signed whatever, if one doesn't, his share goes in the pot
mircea_popescu: something akin to "the average value of sin(x)"
deadweasel: ah yes, if you don't reply to the email after a month, it's sent out
mircea_popescu: herbijudlestoids mind that you are calculating something over a very fastly changing curve.
herbijudlestoids: so based on those numbers i calculate the "market implied annual EPS growth rate" to be 86%
deadweasel: how do you reveal your private key to the right person when you die? holy shit, we need bitcoin TRUST FUNDS...
nubbins`: what was it, the flying hellfish or something?
mircea_popescu: herbijudlestoids something like that. depends on how exactly you calculate the reference price.
Mats_cd03: i wish i had friends that would put in for a tontine
Mats_cd03: dub: there is also more archer... 3 eps out i belieb
herbijudlestoids: mircea_popescu: and the div yield ~2.5%?
ThickAsThieves: "i'm gonna make servers that you dont have to trust"
deadweasel: starts to fade at the third
deadweasel: ah yes, forgot taht one.. those two episode made me laugh harder than I have in months
Mats_cd03: deadweasel: no i was thinking about the double deuces episode in archer just now
deadweasel: Mats_cd03: just's watched the simpsons tontine episode?
mircea_popescu: ThickAsThieves very... zoomedoutedly so to speak.
nubbins`: Mats_cd03: funny thing about ideas...
ThickAsThieves: anyone following the Open Transactions guy?
Mats_cd03: read: bitcoin tontines
herbijudlestoids: mircea_popescu: so is my calculation as the P/E of MPOE to be ~55 correct?
dub: ya - 8 Ways Your Sphincter Will Tighten When You Read This Amazing Conspirace
asciilifeform: dub: there's maybe a dozen outfits selling dedicated rngs, of various cost and quality.
nubbins`: "yeah, i'm addicted," the guy says, "but i can stop whenever i want"
nubbins`: guy walks into a bar and orders a glass of brake fluid. "brake fluid?", the barkeep asks.
mircea_popescu: dub notrly, we're mostly just reading the guardian about how fucking exciting it is to be like at the guardian. also diets.
mircea_popescu: "does this taste funny to you ?"
dub: we're mostly only just learning how broken existing offers are tho rite?
asciilifeform: funny that nobody is quick to help them.
mircea_popescu: ThickAsThieves thick, lucscious, shimmering pink folds of goodness.
mircea_popescu: asciilifeform there's possibly more rng customers than gpg customers imo
asciilifeform: 'good/cheap/quick pick two'
mircea_popescu: herbijudlestoids no approx. 1 bn. it's in the contract.
dub: ack, no thanks
assbot: [MPEX] [S.MPOE] [PAID] 900.45241962 BTC to 500`000`000 shares, 180 satoshi per share
dub: was just an idle thought 'hey since I'm lugging it around anyway, 64g of storage with better-than-a-truecrypt-volume security might be nice'
ThickAsThieves: "Since it's a SHA-256 coin, this is an interesting one to follow because the same equipment can mine it." I love the folds of irony Altcoin brings
asciilifeform: if we only wanted to ship rng, we could've done so in november. to all of six customers, or somesuch.
deadweasel: can my electric saw have one of those neked bar girls attached?
asciilifeform: (two of them, to be exact)
asciilifeform: rng is simply a part therein
asciilifeform: what do people think cardano is. an electric saw?
asciilifeform: i sorta wonder if anybody bothered to read the original spec
mircea_popescu: not as high as using the thing as intended, but still.
asciilifeform: (pulling the flash card gets you nothing)
asciilifeform: dub: if you recall, cardano presents as a disk. anything written to said disk is encrypted
dub: bolt on some flash that can't be casually read without having whatever other requisite peice
mircea_popescu: kakobrekla the snowdrops came out all over here.
mircea_popescu: nubbins` dun be telling dub it's a lefty conspiracy, he's been sayin' it since b4 you were boarn, son.
kakobrekla: and years to clean up the forrests
kakobrekla: its gonna take a year+ to fix all damage
mircea_popescu: yeah they got troubles. i was just making light of it because i'm an asshole in a tropical climate 70 miles away.
nubbins`: dub, the climate isn't changing
deadweasel: holy shit, that's going to be a while...
kakobrekla: theres about 1000 transformers damaged
deadweasel: less successfully tho, mind you
deadweasel: i still make them get naked with nice cheap words.
deadweasel: it's good to be the king
mircea_popescu: kakobrekla so that's what, like 80-85% ?