867400+ entries in 0.657s
thestringpuller: too bad
the rich people have better
things
to do with
their
time
than place bets against scammors, otherwise I'd say
there could be a lucrative business in a set of bitbet's predicting
the failure of scammors on
the play exchanges
w_white: ítś buried somewhere in
the
thread a few
times.
w_white: eAsic has also confirmed via email a few
times
that
theyŕe under NDA with actm.
mircea_popescu: literate adults, and often contained literary references children would not understand. Younger generations, mostly illiterate, and having little or no Bible knowledge not gleaned from
their moronic parents and half-wit
talk radio hosts, probably misunderstood
the comment as being a general insult describing
the slow-witted Fudd."
mircea_popescu: Rawted i love
that word, nimrod.
to quote ud, "The Bible ONLY mentions
that Nimrod was a son of Cush,
the founder of Babylon, and a mighty hunter. Curiously enough, Dictionary.com attests definition 2
to have derived from a Looney
Toons episode, wherein Bugs Bunny mocks his adversary,
the hunter Elmer Fudd, calling him a "poor little Nimrod". Warner Brothers' Looney
Toons cartoons were not written for children, but for
Rawted: that ken slaughter guy from actm is a
total nimrod.
mircea_popescu: thestringpuller well part of
the beauty is
that
the fake exchanges have no shorting in place, and so...
mircea_popescu: it's like crossing
the east river in a peanut. way more
than crossing
the atlantic in any sort of actual ship.
mircea_popescu: cause while homer
touched a lot further out, it was way way less stupid. and
therefore...
mircea_popescu: dub
that's exactly it
tho. if we do
the ratio of (how fucking stupid it is) vs (how influent),
that shit is in a league with homer.
dub: I'm facinated
that anyone could read
teh actm OP and not draw
teh conclusion
that its writer is brain damaged
mircea_popescu: i mean
that
tytus scammer started
this fake
thing with his 100th/picostocks pure imaginary
thing
mircea_popescu: pankkake im fascinated by
the entire
thing i must confess.
dub: I'd still like
to see a link
to comms from easic
pankkake: and given
their current valuation, shareholders are likely
to get pretty much nothing as dividends
mircea_popescu: <w_white> I
think actm is more likely
to start 28nm hashing
than anyone else atm. << because why ?!
pankkake: they're buying avalons and subcontracting
their work. anyone can do
that
w_white: no, mostly because eAsic has confirmed
theyŕe making chips for actm and
theyŕe not a shitty company.
w_white: mircea_popescu:
thanks for blog link.
w_white: just question of whether its going
to be in november or april...
w_white: I
think actm is more likely
to start 28nm hashing
than anyone else atm.
dub: if
thats
the start of your concern regarding actm, I have some bad news
w_white: no but i am worried a congress decision against bitcoin use in
the US could affect actmś ability
to work with eAsic or operate bitocin company on US soil.
w_white: i don know h ow congress decision will affect eAsic or actmś ability
to do anything with
the chips if eAsic comes
through.
w_white: eAsic is a US company.
theyŕe going
to produce chips for actm regardless of actm being able
to follow
through on
their other promises.
mircea_popescu: and consequently couldn't care less about stuff like
the us congress
gecko_x8: this bot is prolly
trading it's own bids and asks
w_white: i wasn
trying
to sell anyone.
Diablo-D3: can we keep
the scamtalk out of here?
w_white: iĺl make money once
the eAsic deal is finalized,
then again if/when
they start producing.
pankkake: if you are invested in activemining you should have more worries
than
that
gecko_x8: but
the fact remains
they will all die withing 10-15 years
gecko_x8: and
they are way
too selfish
to
turn it over
the
the next gen
gecko_x8: prolly some 85%+ of all
the wealth in
the western world is currently owned by ppl over 65 yrs
w_white: iḿ
trying
to figure out if i should cash out in
the short
term and wait for news. or wait
til hearings.
gecko_x8: there is also
the question of cycles and
the baby boomers
w_white: iḿ invested in ActM, a company operating in US.
thatś where most of my worry comes from.
gecko_x8: but
that's just one small factor in a large complicated field of humman mass subconcious behaviour
mircea_popescu: what if one night
the majority assumes
the sun will rise ?
gecko_x8: because
the majority can never be on
the winning side
gecko_x8: that notion in itself makes
the whole scenario impossible
gecko_x8: but
the very fact
that you assume, along with
the majority,
that a us congress clampdown would affect
the price atleast initially negatively
mircea_popescu: w_white not just asicminer.
the azns have eaten
the western lunch on
this score.
gecko_x8: it's very hard
to explain, and i'm just an armchair, not an expert
mircea_popescu: if china made mining illegal
the price would probably drop noticeably.
w_white: if congress clamps down heavily, btc price would drop heavily in
the short
term right?
w_white: okay, i guess what iḿ really asking is
this.
gecko_x8: everyone is always
trying
to break free of
their governments
gecko_x8: if
the us congress
tries
to publically ban btc it won't go
to 1000, it will go
to 10000
mircea_popescu: basically
the us congress is in
the position of
the fat girl.
w_white: thatś large scale mining
though right?
mircea_popescu: well price will never drop
to 10 again, cause it costs more
to mine it.
w_white: rephrase-- what if price drops
to $10 after congress has hearings and issues legislation.
gecko_x8: gold doesn't need companies
to
trade it as well
w_white: bitcoin is largely US users is my understanding. if
thereś a huge sellof of US users, what happens?
w_white: theyǘe given fbi 120 days
to issue a report of
the security issues surrounding
the currency. what is preventing a kind of knee-jerk legislative reaction disentivising us companies from using it?
gecko_x8: they could not legislate
themselves out of a paper bag in 100 years lol
w_white: gecko_x8: what is keeping congress from making it practically infeasible for any US company
to do business in/with bitcoin within
the next 6 months?
gecko_x8: i
think btc is going
to 1000 much sooner
than anyone can imagine
gecko_x8: difficulty can't continue
to grow like
this
mircea_popescu: there's a finite supply of cash in
the hands of "people".
gecko_x8: that wil stoke
the fear necessary
to get ppl
to buy 1 coin for $1000
gecko_x8: then
the realization of
the massive computing power it
takes
to create a bitcoin
gecko_x8: first
the realization
that cryptocurrencies ain't going away from
this world ever again
mircea_popescu: gecko_x8 "there's nothing". listen,
there should be stuff under rather
than in between
thestringpuller: mircea_popescu: 1Bitcoin is now
the new eve cartel? What is dis? What happens when
the old guns go
to war with you?
gecko_x8: global market cap is just way way
too low for a
technology like
this
gecko_x8: but
the current $100 is just
too low
gecko_x8: after 800,
there would be some back and forth, ending with a spike
to 1000
gecko_x8: that's not how
the human psyche works
Duffer1: i
think it wants
to go
there, but
the sell pressure would be enormous
gecko_x8: i'd say
there is nothing between 260 and 1000
gecko_x8: sry mircea_popescu, stupid comment by me, but looking at
the charts and accounting for mass psychology
gecko_x8: if it breaks 260 it's going
to 1K
gecko_x8: btc breaks 135
then it's going
to
test 260
Duffer1: Gox is a good indicator of where
the market wants
to go
though
mircea_popescu: Duffer1 if
they do come
to 105ish it'd be likely unrelated.