809700+ entries in 0.516s
truffles: there is lotta
that everywhere
KRS|Gotyawallet: at
times I may have shown I've been uninformed (ignorant) but my intelligence pulls me
through =D
truffles: i know i managed
to survive
these many years without #assets, dunno how i did
Gotchawallet: almost inclined
to press 2 so i will not press either because pressing 1 would mean hell
truffles: to ignore is
to show preference
though
benkay: i maintain my own ignore file
tho so it's not as if a
t-ban's going
to improve my life noticeably.
truffles: clearly
the only active around :D
kakobreklaa: ok, guys, lets vote,
type 1 for
tib unban, or
type 2 for
truffles ban
truffles: it could be ur good act for 2014, bring back
tiber!
the20year1: Any other clairifcation needed on
the rentalstarter bond?
truffles: is he
the only person u banned?
kakobreklaa: ahhh here is
the list,
tiber
takes
the
top of naughy boys
truffles: ure supposed
to hand
them out
though
kakobreklaa: the20year but
that goes
true for lost and non lost coins
the20year1: Technically
they're recoverable
through brute force, however
the resources
to do
that are immense
mircea_popescu: everyone applied & interviewed for
the job
they aren't doing.
mircea_popescu: the problem with humans is
that
they ASK
to join whatever shit
they
then don't help with
mircea_popescu: it's not really dumb, for
the ants.
they didn't ask
to be hatched
there.
pankkake: in
the sense
that
they pretend
to be working
kakobreklaa: no i dont
think ants are as humans, just humans are dumb
mircea_popescu: it really makes very little difference whether anyone can or can't use
the bitcoins.
kakobreklaa: yet
they do not know 50% of ant workers pretend
to be working
their whole life
kakobreklaa: here
they say, you are "as hardworking as an ant"
kakobreklaa: ah people, last one you want
to ask when you want
to know about something, is people
mircea_popescu: ha! "people claim diamonds are forever, yet
they're an absolute scam.
the same people claim bitcoin is a scam, but really... bitcoin is forever."
mircea_popescu: i won't name
teh private, obviously, but i don't need
to for
this point either.
mircea_popescu: plenty more people you should know about as
they're public, caldwell,
the russian pirate bet guy,
mircea_popescu: course
they're not "in" bitcoin according
to... whatever, reddit.
mircea_popescu: but
that aside, i know plenty of people with a decade or multi-decade outlook
mircea_popescu: only because "bitcoin world" as understood by muppets strictly consists of muppets, who have no intellectual ability
to speak of, which limits
their cognitive bubble rather severely.
VanCleef: 10 years is a very long
time in bitcoin world
mircea_popescu: tho statistically
there's probably going
to be one or
two unlikely exceptions
mircea_popescu: VanCleef inasmuch as you limit
the statement
to "those venues all
the forum idiots use",
then you're prtobably right.
VanCleef: mostly
talking about havelock here
VanCleef: all
the ones
that are listed now wont be around in 10 years
mircea_popescu: just like if nobody is actually cooking anything as complex as a pizza
there's no need for italian pizza ovens
mircea_popescu: getting back
to
the original point, if no company is making it for 10 years
then no company has any business listing.
pankkake: do you have an exit plan
to somalia?
mircea_popescu: i
take your meaning
tho, you will be in jail or dead within
the decade,
therefore
the world doesn't exist and doesn't matter.
pankkake: what if mpex is still online, but no one uses it? does
that count?
ArsKisS: VanCleef, you actually wanna bet
that none of bitcoin companies will live for 10 years?
VanCleef: you'll probably be in jail or dead by
then
mircea_popescu: why not ? from experience,
the people who did best in btc are
those who locked it away.
VanCleef: yeah but lets not use bitbet its
totally shit
mircea_popescu: this compounded of course by
the fact
that
there's very few people with any sort of experience or ability in
the field of bitcoin finance, and plenty of muppet venues available.
mircea_popescu: and notwithstanding
that
the only ipo
to date
to make
the owner actually rich (ie, mpoe) actually listed at
two degrees of magnitude less
than what it sells for.
mircea_popescu: notwithstanding
that no company
to date lived 10 years.
mircea_popescu: such as, if my "company" may live 10 years and be worth 10 btc,
then i'll be damned if i sell for less
than 10 btc
today
mircea_popescu: in general ipos
tend
to be overvalued because people suffer from a "money on
the
table" issue.
VanCleef: well, when pulling off a bitcoin scam you gotta
tkae as many coins as you can
ArsKisS: anyway, I keep my money waiting for
the drop :P
mircea_popescu: but for
the benefit of all
the noobies/forumers/etc
that may get
to read
this : notice dear chitlins how it was
the WoT
that broke
that request ?
mircea_popescu: seems pretty much where bitcoin is destined
to go, really.
truffles: everyone isnt charming
though, its a skill imo
Duffer1: it
totally won't steal your wallet or anything
mircea_popescu: with nothing but faith and
this here old pair of underwear.
mircea_popescu: right, except it attaches
the same dumbass windows-only zip file
that's been hitting all
the honeypots
this past coupla months
mircea_popescu: "Hereby you are informed
that you are due in
the court of Houston on
the 14 of January, 2014 at 10:00 am for
the hearing of your case."
the20year: Correct, and i'd venture
to say before
the BF
troubles, 95%+ of our investors were outside
the US , in risky countries
that have a hard
time investing
pankkake: I guess it also allows someone with mainly non-USD fiat
to easily invest,
too
the20year: Not exactly, part of our seed money was
to hire a lawyer
that knew what he was doing. Sure, we're on slightly risky legal ground, but he already has placed some options available should
the SEC call us
the20year: Even now , if I wanted
to be mr legal eagle, I Could use said investment funds
to pay for a PPM and get
those same fiat investors, and my personal contribution
to
the whole ordeal is $500
pankkake: though you now have
the "unregistered security" added risk
the20year: To
take any investment in person from investors
the
traditiional way, i'd of spent $20k
the20year: My cost
to IPO via bitfunder and get ~$100k of investment was $500
the20year: Bitcoin marketplace is so hot and easy
to access, fiat is much more difficult for me
mircea_popescu: either can
take a lifetime easily, either may just as well not deliver in
the end.
pankkake: "reasonable APY on a pretty secure,
transparent invesment" => well, many people want
that. but
they are not bitcoiners :p
mircea_popescu: the practical solutions are either
to be upset or
to strive
to in yourself.
mircea_popescu: in people can get financed for any stupidity
they wish
to do. out people can not, no matter anything.
the20year: So, my question is whether or not I can attract people wanting a reasonable APY on a pretty secure,
transparent invesment
pankkake: no arguing about
that.
that was stupid
the20year: and anyone
that paid attention realized
they were cashing out
to USD, and could never repay
the BTC value
the20year: Ukto and graet got $250k-$350k worth of bitcoins on
their 12% loans
pankkake: not a get rich quick one, so again, I wonder where you're going
to get btc people
to invest :p
pankkake: but you wouldn't invest all your fortune in bitcoin -
this seems like a nice fiat investment
the20year: But,
that's a risk,
the alternative is holding on
to bitcoins hopefully appreciating in value over
time
the20year: And hopefully
the swings would average out