794300+ entries in 0.506s
jurov: o
that was myself :(
jurov: someone had 10 O.USD.C155T
there? such bull
jurov: ok, i got some bitchings from coinbr about
the opex from coinbr
mike_c: then i could go long, and at least make money when
they are down
mike_c: difficult
to monitor, but i would like a bitbet on bitcoincharts uptime
mircea_popescu: and im fucking exhausted. not even 5% of
the list covered
jurov: yes, i was kinda psyched about
the reaper (first gpu miner for scrypt)
mircea_popescu: i actually vaguely recall zinging jurov for bothering with
the silly alts a coupla years ago
mircea_popescu: you know i like bluematt more and more as
time goes by
ThickAsThieves: To show my dedication
to
the cause, I promise
to NEVER mine Altcoin
kakobrekla: blah now i got
to bring my asics back online or what
benkay: thought you saved
that for
the girls
ozbot: dpaste: #1579602:
The Real Altcoin, by
tat.investments@gmail.com
mircea_popescu: jurov how much do you owe ? we'll
take .75 btc for all
teh great ideaz
kakobrekla: i want half, cause of
the grep logs idea
jurov: and reminding me if i didn't pay you
the first installment
pankkake: they're not litteraly offering
that, don't get your hopes up :)
mircea_popescu: i can't believe
todd actually went
to work for mastercoin.
KRS1: mircea_popescu: goes back
to something I've noticed as I get older, most fuckwits in business or whatever it is
they do, barely do it right.
They're usually off putting
their efforts in farting or dancing or whatever it is
they do other
than
their jobs.
pankkake: oh
they had kiko wu! *pornstalgia*
mircea_popescu: the problem with vaudeville is
that you're stuck mimicking mainstream
benkay: i see she's doing
the nikki minaj routine
benkay: i imagine she had a business
to run!
mircea_popescu: can't hold
the btc hostage
till china.
that may be 55 years.
mircea_popescu: pankkake even if it is, for what good reason would it stay
that way ?
mike_c: yeah, you've got
time :)
mircea_popescu: that bitcoin not spent is better
than bitcoin spent we could perhaps live with.
mike_c: i don't
think
that will last. surely competant competition will emerge at some point.
mircea_popescu: all i have
to do all day is sit here and admire how people fail. i don't even have
to do anything at all. just sit pat.
mircea_popescu: KRS1
there's a more subtle problem
than
the spending bitcoin
thing.
mircea_popescu: 287.84 of which out of businesses
that did less
than $1m historically.
mike_c: coinbase been pushing
that hard. offering $1m in free
transactions
to business
that sign up with
them.
KRS1: mircea_popescu: back
to
that- good analogy btw heh
KRS1: bah nothin wrong with
that imo
benkay: i'm just a little astonished
that one booted a vm
to
trade
these securities
KRS1: that shit started
to really change in 2009
mircea_popescu: i don't
think you realise how rare deidcated servers were in 2011.
benkay: i kinda
take
the opposite line on
that one - anyone who likes bitcoin should be pleased at
the cambrian derpsplosion of altchains
mircea_popescu: derp. anyone knows
this daniel fellow from
the mises circle website ?
mircea_popescu: "Anyone who likes Bitcoin really shouldn’t want any new currencies
to be created."
ozbot: BitBet - China's GDP growth
to exceed 8% any quarter in 2013
mircea_popescu: in a more wtf line of inquiry, check out
this bet
that just closed :
mircea_popescu: being a pseudo-ceo of a pseudo-corp which does a kickstarter
thing, you are a whatever, etsy service representative.
mircea_popescu: an ipo is more like, i am a carpenter, give me money
to carpent.
the investor has no recourse as
to whether
the carpenter buys a hammer or a saw,
mircea_popescu: in which case i suppose if you
take
the beermoney and buy pot daddy has
the recourse of wtf, i gave you
that
twenny for beer not for pot.
mircea_popescu: right, but
that's more like a "daddy, gimme some dough
to buy beer" sort of venue
mike_c: kickstarter is a lot like btc bizness. 99:1 bullshit but
there are some gems.
mike_c: no investor in an early-stage company expects
them
to "follow
the business plan"
mircea_popescu: da fuck was
tha
tthing called anyway, fundkicker, gofuckme, what.
mike_c: krs1,
that is simply incorrect.
mircea_popescu: you're basically proceeding into some sort of glbse/kickfunder extrapolation as if it were a
thing
KRS1: I must be out of my mind for
thinking logically here and believing an IPO and a business plan should work
together
to do exactly what
they fucking say
they are going
to do.
kakobrekla: which are way smaller
there
than here.
pankkake: I don't know many businesses
that end up doing what was planned at first
mike_c: yes, it doesn't show. but
that's
the point. you don't necessarily have
to spend a lot
to make progress.
KRS1: You aren't launching an IPO in hopes
to do business
to reinvest investment funds. You are launching an IPO
to do business according
to
the business plan of whatever business you are going into. BTC is irrelevant.
mircea_popescu: mike_c well,
there's only prototyping for one board reported yet, and moreover most of
the cost is engineering
time, which obviously doesn't show
mike_c: seems like s.nsa built cardano with 2% of
their ipo funds
KRS1: But you have
to spend it
to make anything happen.
mircea_popescu: we're saying
that
the quick increase in
the btc rate puts responsible, competent ceos in
the position where
they forego fiat deployments
mircea_popescu: KRS1 "if
the IPO requests $X amount of dollars
to fund project Y" contradicts " convert BTC
to fiat"
mike_c: ThickAsThieves: a btc-funded op should spend its money
to make more bitcoin. like
to bankroll just-dice.
KRS1: ThickAsThieves: My recommendation is simple...if
the IPO requests $X amount of dollars
to fund project Y, convert BTC
to fiat and execute
the business plan accordingly
to yeield project Y. Simple. Don't reinvest investment dollars.
Thats stupid.
mircea_popescu: for instance : if you
think
the dollar is going
to shit, you're better off buying euro,
than buying Ford shares on
the
thinking
that ford does business in yurp
mircea_popescu: than
to invest in corps
that use it but have foreign assets.
KRS1: kakobrekla I
think you are missing what I'm saying..sorry if I wasn't clear..
mircea_popescu: KRS1 well sure. but in principle, yeah, if you don't
trust a unit of account it's saner for you not
to hold it at all
kakobrekla: KRS1 if you dont want bitcoin exposure, GET
THE FUCK OUT OF BITCOIN
mircea_popescu: i guess in retrospect
this is yet another one of
those places where naive "financiers" of
the glbse
troop confused discting
things cause well, what did
they know
KRS1: Its an intriguing problem, but if
the IPO is never launched and
the business keeps investing
the initial investment funds, which is risky,
then
this is idiotic imo.
mircea_popescu: that's how board meetings work, where
the board selects ceos
mircea_popescu: some of
them make good calls, some of
them make bad calls.
KRS1: This is why I
think
that article is bunk.
KRS1: If
the market crumbles on bitcoin and you never executed your business plan and angry investors everywhere want your head
then what?