890700+ entries in 0.638s
benkay: and i'm stealthily equating
the purchase of VM with
the purchase of real hardware, which depreciates
to zero
benkay: can't live with 'em, can't read
their emails without wanting
to rip your eyeballs out.
mircea_popescu: <mircea_popescu>
the
type of retards causing
the problems get pissy about being marginalised and move <<
mircea_popescu: anyone with a clue would just call
things what
they are (ie, futures) rather
than pretend
they're "making a company"
mircea_popescu: basically you're
taking
the owner's cp risk in a futures contract.
mircea_popescu: that's why people like goat or ciuciu never actually producing proof of
their supposed mining hardware are iffy.
mircea_popescu: not really.
this is why
the operator shows his rigs etc.
ThickAsThieves: other
than ones
that actually prove
they have ghardware or sell it
ThickAsThieves: what's
the higher order of ponzis and rapidly commoditized markets?
mircea_popescu: the
type of retards causing
the problems get pissy about being marginalised and move
mircea_popescu: benkay yes, actually. once actual investors become
the majority,
benkay: has
the supply of amateur professional investors been exhausted in
the
traditional markets?
ThickAsThieves: when
the supply of amatuer professional bitcoin investors is exhausted
benkay: when do you anticipate assplosion of failure,
TAT?
mircea_popescu: another perpetual mining bond is going
to be
trade on BTCT.CO SOSLOVE868
mircea_popescu: jborkl_ not a matter of dumb necessarily more like meaningless. you are using his system (therefore
trusting it)
to express... your lack of
trust in him.
mircea_popescu: "-Epic
Talent Acquisition for Cryptocurrency Enterprise Demands"
jborkl_: well, I agree it is dumb- not arguing
that
jborkl_: that is what
TAT was referring
to
dub: whats
theymos
trust rating looking like?
mircea_popescu: i bet you
that a full investigation would reveal every single auiction ever conducted on
that forum had shill bidding
ThickAsThieves: We have standards when it comes
to scammers, cmon now!
kakobrekla: >If you mistrust Garr255, use
the
trust system. I'm not going
to remove anyone from
the default
trust network for rating Garr255 negatively. But scammer
tags require a more severe crime
than just going against
the expectations of bidders.
parseval: I really need
to make
that candlestick graph
ThickAsThieves: otherwise, in private conversations with people in
the know
benkay: but
the usual suspects have
their hands somewhat full
benkay: you've spent a serious amount of
time building your identity and
trust
therein. handing
that over is going
to be extremely nontrivial.
benkay: is
this a perpetual hustle? how do you plan
to extricate yourself?
benkay: man, you're chasing freedom and running a
thing where you have shareholders
ThickAsThieves: and i reserve
the right
to do whatever is in
the best interest of shareholders
parseval: But
then I'd only sell off a portion of
the shares, so if it came
to voting I'd have all of
the sway anyway
dooglus: and have a part of
the bankroll myself. I don't need
to make much for
the site
to support itself
parseval: Not necessarily, dooglus.. You could have players bet against each other. Kind of like bitbet with a 'market prediction' system where you
take a rakeback
dooglus: I don't know,
to be honest. I charge a 1% commission on investor net profits per week
ThickAsThieves: are you retaining enough of
the winnings for yourself?
dooglus: the casino needs money
to be able
to offer bets
though, right? I don't know whether
the player will win or lose until he plays, so I have
to have money
to back his bet
ThickAsThieves: [22:45] <mircea_popescu>
this model ensures he has money one
time and one
time only : when it just won.
ThickAsThieves: [22:45] <mircea_popescu>
the casino needs money one
time and one
time only : when it just lost.
ThickAsThieves: [22:44] <Bugpowder> but I
think it is optimal for other investors
ThickAsThieves: [22:44] <mircea_popescu>
the genius idea is actually a very bad idea, but anyway.
benkay: scuse me. moving
to pm
benkay_: paper chase or pussy chase,
there is only
the game.
benkay_: also i don't really mean flowers, i mean
the various shiny objects
they covet.
benkay_: and mendicants are smelly and unlikely
to find access
to
the sweetest of ladyparts
benkay_: can't say as it appeals
terribly.