803000+ entries in 0.546s
dub: can't fault
that stoner logic
nubbins`: dub, i
tactically smoke weed for
this very reason
dub: the other is
to subject yourself
to it for a week or more
mircea_popescu: asciilifeform
this story reminds me of
the sad story of some weirdo pua guy. in 2010 i said something like "if you date
this guy you have good chances
to end up shot in
the face, because he is going
to shoot someone in
the face". in 2011 he was booked on charges of
dub: two ways,
tactical and strategic
dub: easy
to fix seasickness
knotwork: Not sure I want an island, I can get seasick just on
the PEI ferry
decimation: or you could be living next
to John McAfee and be murdered
knotwork: I dont want something with lots of power so I can do lots of mining, and with lots of room for solar and wind. water power would be nice
too but I havent seen anything good with water power potential yet
kakobrekla: a strong
tide and your are out of land
to stand on
knotwork: Ah but here I get much better perspective on
the whole
thing
decimation: I
think
the bitcoin
talk forum is where you want
to go if you are looking for greater fools
knotwork: are
the Lt-Gen's children cute?
dub: or likely many many nicer places
than a freezing shithole in moosecock
territory
knotwork: its also
true
that if bitcoins skyrockets a lot I wont care if a place is a steal or not I will just pay high
to get what I want "at any price" kind of
thing
mircea_popescu: well, let's put it
this way : canada is running on a deficit. eventually
the whole shebang will go up on auction.
the20year1: The increase in btc value certainly doesn't help me
too much
knotwork: Hmm okay maybe I should
try
to research how often places
this interesting come available
KRS1: I dont mind if a pizza guy has
to get laid, as long as its not near my pizza.
decimation: so you are looking for greater fools
then
knotwork: <decimation>
that's exactly
the kind of reason not
to get into an investment -->
that is why my
thinking changed since arriving here from get investors
to its a princely estate not an investment I just dont want
to let go
that many bitcoins
this soon
mircea_popescu: by
the
time you have more bitcoin you can buy a larger place
knotwork: I want
the place when I have more bitcoins
than I have right now but by
then it might not still be available, basically
decimation: that's exactly
the kind of reason not
to get into an investment
knotwork: I am not convinced
the place will still be available by
the
time
that bet is settled
decimation: if bitcoin is still on an upward climb,
than it's probably better
to hold
decimation: knotwork, it's hard
to imagine any business model denominated in fiat
that will beat your "model"
KRS1: I
truely believe in Dariwnism at work in finance.
knotwork: right now I am making more just doing stupid filling of orderbooks with lowballs buy offers and highball sell offers
than anything else I have been doing
mircea_popescu: knotwork if
that's
the entire plan you seem better off laying out some btc on
the 10k bet
than buying ex-military facilities.
knotwork: well
the model
that is causing me
to not want
to spend
that many bitcoins
this soon is I expect half a mill worth of
today bitcoins
to be five mill quite soon, likely sooner
than many folk expect
mircea_popescu: KRS1 i can
top
that : all
through
the late 2000s, a coupla banks here sold suckers house loans denominated in swiss francs, on
the premise
they were ~1% cheaper interest.
this, after fees and all, amounted
to maybe 500 bucks saved.
knotwork: I just dont want
to spend 500
to 600 bitcoins
this soon
mircea_popescu: if you're
thinking of such deals
then you must have
the credit and connections already which'd allow you
to pick up a mil or
two on something under 5% a year on
the basis of you putting up a quarter of
the cost or less in cash.
KRS1: mircea_popescu: i live in south florida, where many consider ground zero for
the banking/real estate fuck. I can
tell you some horror stories. One scenario I like is
the guy who makes $35K a year who bought a $350K house who now lives in a slum apartment with ruined credit.
mircea_popescu: knotwork if you wish
to run
the dc
then you definitely want
to bring a real estate/finance
type on your
team.
knotwork: no bank will give me a mortgage,
they dont count bitcoins as collateral
knotwork: Yeah maybe
the best way is
to figure princely estates are not intended
to be investments, so go for a mortgage instead of making it an investment corp of any
type
mircea_popescu: KRS1
this is
the
time of day
the delivery boys are fucking
the pizzaiolo gals.
mircea_popescu: knotwork
then perhaps
the right move is
to partner with a bank,
take a loan at a decent rate if possible, pad your costs and buy extra miners.
KRS1: 1 1/2
to 2 hour wait for Papa John's pizza delivery wtf.
mircea_popescu: i mean all
through late 2000s average folk figured
they're in real estate, "honey
the house made more
than i did
this week",
nubbins`: i've already got enough experience
to keep me busy without owning something in another country ;p
mircea_popescu: i
tell you
tho, real estate is a professional line, like any other.
nubbins`: essentially
the Cabal of Whitey
knotwork: Yeah but a princely mil-spec estate is a nice
thing for any bitcoin millionaire
to have, its just I am not quite ready
to buy it all by myself yet.
knotwork: the external diesel fuel
tanks were removed either
to prevent env damage or maybe because
they saw it coming if
they were left
to rot wihle
the building was not in use
knotwork: well maybe we can hack sattelites with
the disk
Duffer1: why would you sell
the dish
that's
the best part
knotwork: the sattelite dish is a conundrum what
to do with, yes. Maybe just sell
that off and use
the geodesic for something else
benkay: most are more interested in profit margins
than emotional siting
knotwork: there must be some radical bitcoin miners who will like
the idea of hosting in an EMP-hardended datacente
knotwork: oh it says
the dish is 45 ft
the seller must have meant
the geodesic it is in is
the 60 ft
the20year1: i've got a backup bid on a nice property here
that was at auction Saturday - 2br 1ba ,
two,
two car garages, $16k
knotwork: see someone found
the site already yes
the folly lake site is for sale
mircea_popescu: maybe one of
the miners/pools/asic producers is looking for space.
mircea_popescu: well
they're not useful
to me, i don't much care for real estate and i know nothing at all of
that market.
the20year1: I'd rather continue
to buy mid-ohio dumps
knotwork: Personally half a mill is
too large a percent of my wealth
to want
to blow it all on one investment especially since I except bitcoins will appreciate faster
than it will
knotwork: mircea I can give you confidentially
the full brochure URLs but I dont want
to give
that
to snipers
they might have gleaned enough info already
to snipe it
knotwork: Presumably not an auction no. It cost 8million
to build in 1983 so maybe it was auctioned and
the buyer who bid
the half mill financing fell
through
knotwork: or if
they have maybe its
too lowball
knotwork: owner is eager
to sell but I dont know how low one could
talk
them down
too, plus who knows someone else mgiht put in an offer
though it sounds like no one has yet
knotwork: So I figured one would want
to spend at least as much fillign it with miners or whatever as one spends on buying
the facility itself
knotwork: I was
thinmking it could offer hosting for miners for example as one use for it. I'd want
to put solar panels all over it and windmills its in mountainous area (there is ski-ing up in
that part of Nova Scotia
thought not year-round at least not with natural snow) so should be good for wind
knotwork: Its
the sattelite dish and
the huge ackaup power room with all
the knobs and dials and such i am not so sure how
to operate
the20year1: guess if i would have read
through i could of found my answers
knotwork: I
thought
the bitcoins in sapce project could maybe
transmit
to its sattelite from
there for example
knotwork: this is not gutted,
the generators all work
the survellance all works
the gates etc etc
knotwork: It does sound like an idea evil lair
thats why I
thought it might be worth looking into going in with some people
to get it