823100+ entries in 1.163s
mircea_popescu: it's not inconceivable
that
the btc still in circulation by
the
time btc
takes over
the whole world economy will
trade at what would be
the equivalent of
today's billion dollars.
mircea_popescu: if one single currency is
to represent all
that value, and especially if
that one single currency is bitcoin, where people exhibit a massive
tendency
to hoard it,
mircea_popescu: Vexual looky : about 20
trn of new wealth is added
to
the world each year.
the asset value of
the world, all
things
told, is probably
two
to
three degrees of magnitude above
that.
Vexual: now im not an economist by any stretch of
the imagination..
mircea_popescu: <dub> how
to buy a dimebag of crack when
the smallest unit is $10????! <<< HOW
TO PAY
TX FEES ON
THAT!!!
Vexual: bitcoin
trading
to 1bn?
mircea_popescu: like
the upper bound for cranial capacity is about 3k cc, because
there's a finite space between a woman
dub: breathing
through his nose
Vexual: I don't understand
the concept mircea
benkay: imagine
the referential
transparency: "O.USD.C125T.e6"
benkay: "what is one
to do - scientific notation?" fuck yes!
mircea_popescu: global gnp is somewhere in
the 20
trn (thousand billion) range.
dub: how
to buy a dimebag of crack when
the smallest unit is $10????!
benkay: ^^
that scientific notation
dub: its going
to be a real problem for a lot of bitcoiners
Vexual: is
ther 12 million billion dollars in
the world?
benkay: save us all
the accounting headache of figuring out how many fractions of a buttcoin
the options are written on each month and just quote 'em in lots of satoshi and put it in
the listing string!
dub: iirc it was
the smallest unit in amerifag money
benkay: we all know where
this curve goes sir
dub: some poindexter at MIT worked out
that satoshi-dime parity was $15k and change
mircea_popescu: the endgame where bitcoin is
the universal backer of all currency and it
trades somewhere in
the 10mn
to 1bn per range actually sees
the dollar slightly stronger
than it is
today.
ThickAsThieves: i was
thinking about
this a few days ago coincidentally
mircea_popescu: by
the
time bitcoins go for 1bn each, which is probably
their upper bound, each satoshi is
ten bux
mircea_popescu: here's a wild
thought : by
the
time bitcoins go for 1 mn dollars each,
thestringpuller: I imagine Josh just copy pasting
the same message every
time
there is a delay
kakobrekla: Due
to
the delay for
the earliest people,
the ones affected will be upgraded
to
the watercooled version for free.
The watercooled Monarch will be a closed loop system, so no maintenance will be required.
kakobrekla: When I have a specific date from
the foundry, I will post an update here with a revised
timeline. We still expect
to ship
the bulk of
the orders in/around February. Anyone ordering now will probably not get
their order until March or April, just as an FYI and in
the spirit of
trying
to keep realistic expectations on shipping
times.
kakobrekla: >BFL_Josh>here's been a bit of a delay at
the foundry on our chips and scheduling.
The sample chips have been delayed a few weeks (still waiting on an exact date), so
this should only affect
the earliest customers, who we've already contacted with regards
to
the delay.
The majority of customers should not be affected much, if at all.
benkay: so
that
the mitm can get your password
mircea_popescu: i put it in
the alt for
the img and it links
to
their page
pankkake: Bitcoin
to
trade at $100 USD by
the end of March 2013 link is wrong
ozbot: The strange case of
the delusionist and later stories. pe
Trilema - Un blog de Mircea Popescu.
benkay: emotions do interfere in
the ruthless pursuit of capital
pankkake: well
the gpu mining community is by far
the worst
mircea_popescu: i
thought
the definition of bullshit altcoin was "can still gpu
them"
mike_c: well, people have bought labcoin shares in
the last week
too.
pankkake: I don't understand why people pay for
them, but why pass
the opportunity
to get some free money
mike_c: are
there any bullshit altcoins
that are cpu mineable?
jcpham: should've been mining bullshit altcoin instead of laughing at
them
jcpham: my gpus rigs have been sitting for months because i'm
too lazy
to go over
there and pull
them offline
jcpham: only because i have
the gpu mining rigs sitting unused
jcpham: now i'm even mining
the shit for giggles
jcpham: i ignored litecoin for
too long
mircea_popescu: "every
time you say literally but mean metaphorically mtgox kills a large pizza kitten"
pankkake: literally* hmm.. lite. rally.
there's a coin idea in
there
pankkake: I shaved my manly beard
today. Litteraly months of work down
the drain
pankkake: oh I realize my coloring hook for assbot actually removes
the first character
mircea_popescu: pankkake i suppose it's
the case
that my readers DIDN'T USE
TO BE autists like you. but not anymore nao. because progress and stuff.
kakobrekla: oh, i always
thought
trilema credits were
the source of your wealth
mircea_popescu: i don't
think poor was possible since about 1994 or so
mircea_popescu: i'd have died stupid if you weren't here
to bitch at me.
mircea_popescu: btw pankkake, for your curiosity : since i finally fixed
trilema credits ordering i'm getting about 10x as many orders.
mircea_popescu: there once was a man, his name was magellan, a portuguese skipper,
the girls found him cute...
kakobrekla: pankkake on
that one
the weight is just mitigating
the risk of mps disappearance
ozbot: BitBet - Super Bowl coin
toss will be "heads"
pankkake: but
there are bets where it wouldn't matter - and in
that case you can create
the bet with a higher last weight
jamespeerless: but if its "will
the patriots win on sunday" WHEN you bet doesn't matter if
the game hasn't started
jamespeerless: so it's
to handle bets
that range over long period of
time or where information is leaked over
time
jamespeerless: is
the idea
that at
the start of
the bet
the odds aren't really known?
kakobrekla: to account for
the risk
that early bettors are
taking and discourage leechers
kakobrekla: i starts at 100k and goes down
to whatever its set
to go down
to
jamespeerless: can someone explain how
the weight works on bitbet?
pankkake: I
thought
the "LCSH" was about finding
the guys and actually going
there
pankkake: they wanted
to believe in labcoin, I guess
they now want
to believe in
the legal system
lil_data: to hunt down all
the btc bad guys
mike_c: the easiest people
to scam are
the victims of a previous scam. proven gullability!
ThickAsThieves: when i change dns
to google it just erases
the setting when i close
the popup
lil_data: next
time invest only chargebackcoins
dexX7: well, do people steal parcel
transporter cars?