log☇︎
799700+ entries in 0.461s
TATtothemoon: such care for their brothers
jborkl: But I learned so much, this time I have it right.
TATtothemoon: I like all these Davis tidbits of dudes telling dudes not to buy bitcoin
jborkl: Learning by losing other peoples money for the 9th time is really rough guys
Apocalyptic: gg, too bad for the free rook
mircea_popescu: you're like the 5th. it is teh wtf of all time
mircea_popescu: yeah pretty much everyone who read that came here to wtf
jborkl: Oh and usagi made a thread, only a 90% loss and it worked out well
jborkl: I noticed all these accounts with 5 posts or 3 posts, now it makes sense
jborkl: Oh, so they mos needed more money eh
mircea_popescu: and ip bans (pay to unban)
TATtothemoon: can also pay to unban
mircea_popescu: jborkl o, it's a riot. no more noobzone, so all the shills can make socks with lower cost
jborkl: What new rules Tat?
mircea_popescu: it'd actually be a sad twist on bitcoin if that's what it'd end up doing : burn elec to mine, burn btc to spam a forum... too virtual.
mircea_popescu: not much there.
mircea_popescu: the only idea is that i have a larger pile of money than your mom has a pile of used condoms.
mircea_popescu: well... there's nothing in the idea, that's what they're doing already, amateurly, or on shoestring budgets.
TATtothemoon: IPO the idea
mircea_popescu: sadly there's no way i could in good conscience justify the expense to shareholders.
mircea_popescu: see the panic on the faces of the various would be "entrepreneurs" once they get flooded to shit.
mircea_popescu: i'm half considering hiring an indian outsourcer and putting 2-3-5k indian kids on spamming all the scam threads just for lulz.
jborkl: Oh to the moon is the motto of the altcoin of the week
jborkl: ? Tat
TATtothemoon: scam training ground
mircea_popescu: jborkl i think shills have to be pretty dumb. if they were smart they'd find more productive stuff to do neh ?
mircea_popescu: not sure of what exactly, but it is a strong top signal
jborkl: I don't know , they are pretty dumb shills if that is the case
TATtothemoon: skimming the occassional noob
mircea_popescu: just shills shilling to shills.
mircea_popescu: that'd have to mean the forum is mostly not read by noobs anymore.
mircea_popescu: this may be an explanation, basically, buncha shills simply making a deliberate effort to switch terminology around.
TATtothemoon: and my ignore list is now useless too
mircea_popescu: i've never before seen people genuinely praise shit and despise steak, out of what seems like their own personal volition and thought process
TATtothemoon: I start to want to correct people and then I'm like why bother anymore...
mircea_popescu: and a bunch of muppets in all the noob-scam threads congratulating them on their superprofessional buznizz skillzorz
TATtothemoon: I can't even read the forum anymore
mircea_popescu: there's a bunch of muppets in mpoe thread screaming about how mpex is "designed to make money from noobs"
mircea_popescu: dude the forum has reached a singularity by now.
ozbot: Testing Shiller's Nobel Prize Against The Bitcoin Bubble - Forbes
truffles: walked into that 1
Apocalyptic: yes truffles
mircea_popescu: nubbins meanwhile the lift of s.mpoe earlier this week from 80s to 100s quietly added about 200 million worth of new wealth to the savvier counterparts to those investors buying... all the other scams.
Duffer1: only if #B-A gets to pick the winner
kakobrekla: how many people do one or the other
Apocalyptic: not if you don't invest them and hold them securely kako
kakobrekla: one of them
asciilifeform: the btc equivalent is when someone hangs you upside-down and connects you to a mains socket, to extract your keys.
nubbins`: "This time around, the task of cleaning up banks should not be quite as daunting as five years ago because shareholders, bondholders and wealthy depositors can expect to take some of the losses, as happened in the bailout of Cyprus in March."
asciilifeform: broken pipes won't be a problem. the copper's been 'harvested.'
mircea_popescu: there;s plenty about the piigs in french etc.
mircea_popescu: you read the eu press ? :)
the20year2: i've seen more about the german gold than spanish and itailian banks
mircea_popescu: just as soon as they agree not to point out the various unflattering bits. and so what if no girls are interested ?
mircea_popescu: the slobbering fat dork and the lanky acneic geek can be best friends
mircea_popescu: tit for tat.
mircea_popescu: the news on the german gold owed by the us also disappeared.
the20year2: it went from utter collapse to....nothing
the20year2: I've been so curious as to what's been going on with the PIGS, here in the US the news disappeared
Apocalyptic: <ozbot> Europe prepares to come clean on hidden bank losses // brace yourself
mircea_popescu: things haven't improved since then. au contraire.
ozbot: Europe prepares to come clean on hidden bank losses
the20year2: I do freelance work for most of the major lenders, and get to see all their vacant properties or properties that are in default, but they don't want to process
mircea_popescu: exactly how bad bank assets are being the most closely guarded secret atm.
the20year2: what's that based on?
mircea_popescu: 2014 has a good shot at being the first zero gdp year on record. both the us and the eu look set to write off in financials at leeast as much if not more than what the economy produces.
the20year2: farmland and large cities taking up more water
mircea_popescu: meanwhile, piigs banks look set for an aditional... 300 to 500 billions in writeoffs.
mircea_popescu: what, it rains in the us doesn't it ?
benkay: all states sitting atop the depleting aquifers
benkay: everything fed by the colorado river
benkay: "let the water table drain!" say the bureaucrats. "let the states fight over what scraps of water remain."
benkay: while the tyrant's agricultural policies hasten the next dust bowl.
benkay: let the robots have the center of the country
the20year2: BOA is terrible about it, wells fargo is quite good
the20year2: Some banks will force winterization - they hire people to watch homes, when someone moves out they get in and winterize it
mircea_popescu: mr dimon might have to bring back some of those 20mn to help jpm make it through spring.
the20year2: So, come spring anyone looking at them will get a nasty surprise of broken pipes throughout
Apocalyptic: kakobrekla, i have no interest to do so
mircea_popescu: yeah, because they on average did like 8% iirc.
the20year2: There's a $100 process that will make the property weather just fine
kakobrekla: Apocalyptic you can bribe blockr.io guys to add it there
the20year2: Depends if the bank winterized it
mircea_popescu: i guess banks take more writedowns right ?
mircea_popescu: so what happens to the average us home, which was build on the cheap out of shoddy materials, is currently foreclosed and thus empty, and the winter hits hard ?
Apocalyptic: hum primecoin block explorer cannot even afford their own domain it seems
mircea_popescu: shoelace tying problem ?
the20year2: they tried to mobilize the national guard but they couldn't even assemble
the20year2: We had one in '78 and the drifts were 4 meters high
benkay: recovery times
benkay: sadly, the technical gentleman disregards all of the other metrics that might be interesting
the20year2: If you look at Ohio's weather, since the mid-late 1800s, we've had a bad winter every 30 years or so, and we've been due for a bad one for like 2years
benkay: "my friend reminds me that people like Danny, who can tell a good story, fervently and in the right plutocratic echelons, can be very useful when starting a business" http://blog.podsnap.com/startup-of-darkness.html
the20year2: I've been saying for 4 years for people to get emergency heaters, and only one person I know went out and di it
the20year2: too few people have planned for this crap, i'm curious what the death toll will be
mircea_popescu: well possibly you run into more retards there.
kakobrekla: i knew it was a scam in 2003 or so, is one of the reasons didnt get my degree, not talking bout c or f.
chetty: people may not take it seriously, but you still can't buy a decent lightbulb
benkay: and then get real serious about numbers of variables and extrapolations and observation windows briefly before saying 'but this is all esoteric shit that bogs one down in details when the more important point is that they cannot possibly say what they say with any justification'
the20year2: really? I run into quite a few people who do, and the -50 degrees this next week are proof