795400+ entries in 0.507s
mircea_popescu: that juicy moment when person suddenly realises
the immensity of
this shit.
mircea_popescu: so scour
the entire list of known pinks for anything matching it, i'm not picky.
mircea_popescu: (technically 10k btc for a 19 dollar pizza would mean 0.19 cents each, but we'll let
that slide)
mircea_popescu: we're not
talking six month's worth of pump and dump here.
jurov: ^ with billions
total valuation
herbijudlestoids: mircea_popescu: so if i do a quick stock scan and find all
the global penny stocks
that outperformed BTC since inception, wouldnt
those actually be
the best store of value :/
mircea_popescu: herbijudlestoids well, reality is
that which happens, you know ?
deadweasel: mircea_popescu, at some point, don't you have
to start worrying about physical security.. hired goons of
the status quo and whatnot?
mircea_popescu: my wealth stored in btc has been doing better
than anyone's any other wealth.
mircea_popescu: they can't flawlessly merge
ten billion likes into
the value of an oil
tanker.
herbijudlestoids: i personally feel
that BTC makes a good medium of exchange but a poor store of value
herbijudlestoids: no? so why do holders of Bitcoins have any practical incentive
to hold
them lol
mircea_popescu: it
takes over
the role of everyting. usd, eur, rmb, sdr, gold, stupid facebook
tokens, in-game currencies like isk,
herbijudlestoids: what youre proposing here is essentially BTC
takes over
the economic role of USD as global reserve asset
mircea_popescu: much like
the us has no
train infrastructure, and uses
trucks for everything.
trains would be more effective for
trucking, but gasoline engines are more effective overall and so...
trains are fucked.
mircea_popescu: and since
there's no room for 2nd place, it will just be
this.
mircea_popescu: sure, except fundamental issues prevent either from competing with
the combustion engine.
herbijudlestoids: "Nevertheless,
the pressure is unyielding : people holding Bitcoins have no practical incentive
to get rid of
them, and people
trying
to get rid of
their increasingly worthless dollars have no recourse. "
mircea_popescu: you're basically saying "the stuff i say about cars also applies
to other locomobiles, such as steam powered
train engines and horsedrawn carriages"
herbijudlestoids: some of
the properties you apply
to BTC apply equally (or more so)
to gold and
that is an asset
that happens
to already be on ECB balance sheet ;)
mircea_popescu: herbijudlestoids for
that matter, bitcoin could actually be it.
jurov: now i had some brainfart "that
they want
to paint him as hitler?"
jurov: and asked nubbins`
to paint it
jurov: someone wanted
to procure mirceas portrait
herbijudlestoids: mircea_popescu: have you ever heard of
the freegold hypothesis?
nubbins`: i may have pasted
that one here before
jurov: benkay, what??? are we are
talking about
the portrait you wanted
to procure?
deadweasel: i
try not
to should on
things anymore, I'm always wrong.
mircea_popescu: it's a sad
time we live in when
the close minded burgeois scares
the revolutionary artists.
☟︎ nubbins`: sometimes for months at a
time
mircea_popescu: anyway, not
the first
time cluelessnes costs a guy his bread.
ozbot: Bitcoin prices, Bitcoin inflexibility pe
Trilema - Un blog de Mircea Popescu.
benkay: something a winklevii drops on
the floor and nobody wants
to
touch
jurov: then it just has
to go
there
benkay: this is a room of
true believers ;)
jurov: if btc is
to be small part of international
trade
herbijudlestoids: not sure if youre
talking
to me, but do oyu really believe BTCUSD valued at 1mio?
mircea_popescu: anyway, my point was more
that
the
trades streamed when it was half a bitcoin worth 50 dollars, and it's still streaming when it's 50 bitcoins worth 50k
herbijudlestoids: lets say
the rate of
trading goes up
to 10
ticks an hour, will you still stream on irc? :D
herbijudlestoids: mircea_popescu: iv counted 46
ticks over 2 days,
to compare
to say
the S&P 500 i would expect 46
ticks every 2 minutes?
ThickAsThieves: "And
there’s certainly some interesting
things about Bitcoin and other
things like it, but
there’s also a great deal of complexity. People
talk about
things like frictionless and
things like
that, and when you actually dig
through it, it’s really not
the case. It’s far more complex
than
that. And we feel very comfortable with
the business
that we have here."
ozbot: Visa Inc (V) news: Visa's CEO Discusses F1Q 2014 Results - Earnings Call
Transcript - Seeking Alpha
nubbins`: not sure which "official"
thread is more pathetic, asicminer or cavirtex
ThickAsThieves: "If further clarification is needed, FinCEN encourages
the submission of a request for an administrative ruling.
The procedure for submission of administrative rulings can be found at FinCEN’s Web site"
ThickAsThieves: "The first ruling states
that,
to
the extent a user creates or “mines” a convertible virtual currency solely for a user’s own purposes,
the user is not a money
transmitter under
the BSA"
nubbins`: so what
the fuck is mike caldwell?
ThickAsThieves: virtual currency as an investment exclusively for
the company’s benefit is not a money
nubbins`: over
the years, i've stopped
taking "this would be great album art" as a compliment
nubbins`: "at
the club, at
the beach, or in
the amazon. "
mircea_popescu: well he's
too clueless
to know me, so do you wanna escrow his fee ?
nubbins`: ah, don't know him, but
those paintings he's selling look amazing
nubbins`: mircea_popescu: 4 hours
too late, but i'm here now!
jurov: verily,
they should build drones and
take it inbetween
them somewhere in desert
mircea_popescu: anyway,
teh diids pushing it should be just about running out of suckerpool. should be lulzy
to see it unwind.
mircea_popescu: dude is back in
there bumping his shit, not a care in
the world etc.
mircea_popescu: dub remarkable how calous, 3rd world
teh forum has become.
dub: cant put anything past
these shibes
jurov: but #assets-trades could get into
trouble cuz flooding
herbijudlestoids: mircea_popescu: if
the
trading volume of MPex picks up considerably, will you still be streaming orders via assbot?
ozbot: Dilbert comic strip for 01/30/2014 from
the official Dilbert comic strips archive.
mircea_popescu: there's
tons of other stuff,
this one is funny because
the guy running it pretty much stole each and every possible way.
azi`: so much of
these sites
these days
herbijudlestoids: anyway
these are just play charts until more data comes, just
to get myself familiar with ingesting it and processing it...