903000+ entries in 0.662s
ThickAsThieves: furuknap, what you are describing relates with risk of
total loss and inflation
Chaaang-Noi: i was IRL once, but it was boring and
too slow, so BTC
Chaaang-Noi: having only 163k of
the
total 400k
tradedable does add
to
that
ThickAsThieves: today we call an asset
that pays 1% divs monthly a dog
furuknap: Let's make a simple example. You can give me 10 coins now in escrow, and every year I will give you 1 coin in interest,
thus yielding 10% per year. However, after 4 years, your initial 10 coins will be reduced
to 5 coins.
Thus,
the yield is not 10%, it is negative 2.5% because over four years, you're left with 9 coins.
Chaaang-Noi: really if we are going ot be
this pedandic, we should just define what value means
ThickAsThieves: if
the amount of people investing in bitcoin stock doubles
Chaaang-Noi: knowing
their will be greaters fools in
the future adds
to value )
furuknap: Repeating it doesn't make it
true.
ThickAsThieves: like get
this, it's only been like a month since
the Great Bubble of 2013
furuknap: No, I'm
trying
to say
that
the amount of coin a mining operation yields will need
to be
taken into account now, knowing
that
the value of a share is likely
to drop of revenue from dividends drop.
Chaaang-Noi: yeah i kinda only value
this stuf up
to 2 eyars
Chaaang-Noi: you are
trying
to see up
to 4 eyars from now when we halve?
ThickAsThieves: nor how long corrections due
to it happening will last or appear
ThickAsThieves: you can't make assumptions about
the climate at
the
time of
the halving
though
furuknap: Nope. I care for price only
to
the extent it affects cost of halving effect.
ThickAsThieves: 3. If
the asset can maintain a leading position, and also sells hardware, only chance of stability and profit
furuknap: I'm not
trying
to predict price, only value.
truffles: i
thought it was a forgone conclusion
that we would have RFID chips and
that digital money would be
the norm
furuknap: I'm not
trying
to do so, only find a way
to evaluate what
the fundamental value of a mining asset is.
ThickAsThieves: simply
too many variables
to poke holes with confidence
ThickAsThieves: because i am fairly confident
that no
theory could dismantle shareholder speculation and an unpredictable future
furuknap: That way, you can work
the numbers for any mining asset, not just AM.
furuknap: To
the extent of my abilities, it will be. It's not as much a report as a description of
the method used
to come
to
the analysis I mentioned previously.
ThickAsThieves: but seriously furuknap, i really hope you are
totally candid amd open about
this repot
furuknap: The philosophy is called
Thelema.
Thelemite is
the description of an adherent
to
that philosophy.
furuknap: truffles: Well, everything you perceive and
thus can
think creates such a bubble.
The difference is whether you are aware of
that bubble and whether you have
the ability
to manipulate it.
ThickAsThieves: showing
that we are only limited by our own creativity
furuknap: If
that is within
the realm of possibility and you know
the "spells"
to make it happen, certainly.
truffles: gotta livein a bubble
to have everything fit ur will imo
furuknap: TAT: Yes, but
those are just supersticious morons.
ThickAsThieves: but
the magic people adore is
the kind
that breaks laws of science, paradigm shifts at
the very least
furuknap: Magick is far more
than daily routine. It is about shaping yourself, your mind, and
the environment around you
to create a reality
that matches what you will.
furuknap: TAT: Yes, exactly. Again, somewhat simplified, but really,
that's what's happening.
ThickAsThieves: magick equates
to, if you want something
to be a certain way,
then
take action
to make it
that way
furuknap: Or explaining something special in an easy
to understand way :-)
furuknap: That's about as far as you need
to go
to understand "Magick".
There is, of course, far more
to it
that
that, but it doesn't involve anything supernatural or anything like
that.
furuknap: The "Magick"
that most people
think about involves mysterious and secret rituals with sacrificing goats and whatnot. However, in reality, Magick is much simpler. You wake up and your breath smells like wet dog. Your desired goal is
to have a nice breath. Your ritual is
to go
to
the bathroom, but some potion on a brush and rub on your
teeth. If you do, your breath smells nice.
ThickAsThieves: i wouldnt call it magic, but I do believe
that as species we almost literally capable of anything
furuknap: "The Secret" as far as I've understood, is mostly based on
thelemic principles, yes. It's a bastardization as far as my peers have determined it, but I have not read it so I don't know.
furuknap: In Magick, it is actually
the same
thing. You have a desired goal and you perform some ritual
to achieve
that goal. If
the ritual is done correctly and is
the correct ritual, your achieve your goal.
furuknap: Well, consider what most people
think of when
they
think "Magic". It's Harry Potter, right? Some desired outcome, some formula or incantation, and poof,
that desired outcome happens (or fizzles).
furuknap: Magic? I don't do magic. Magick, on
the other hand, I do all
the
time. So do you.
truffles: if u want
to excel at surfing sure
furuknap: Mostly, you're not really efficient if you multi-task.
Task switching, however, can be quite efficient.
ThickAsThieves: can anyone
truly multi-task, isn't it mostly just ignoring many
things at once?
furuknap: In
that case, feel free
to ask your questions. I'll answer as best I can.
truffles: furuknap buttsex is a
topic in here so nothing is offlimits
furuknap: Two monitors,
two hands,
two eyes,
two halves of a brain... I was built for dual-tasking :-)
furuknap: truffles, like I said,
this isn't really a philosophy forum. Feel free
to PM me,
though, unless of course everyone is fine with
the conversation.
truffles: furuknap for some reasons ur words seem contradictory, hence why i ask
those obvious questions..
furuknap: Paulo Choelly is a
Thelemite :-)
ThickAsThieves: [11:37] <furuknap>
To some extent,
that is what keeps humans alive, yes, but fear
that prevents you from reaching your goals is bad. --- Makes me
think of
The Alchemist
Scrat: Firecoin2 initially began as a Feathercoin2, a joke coin created
to poke fun at all
the recent altcoin releases. However, after a surprisingly smooth launch, and some community support, it has been decided
that
this coin will relaunch as Firecoin2.
furuknap: To some extent,
that is what keeps humans alive, yes, but fear
that prevents you from reaching your goals is bad.
truffles: yea none wants
to jump out of an airplane without a parachute
furuknap: TAT, you want
to die or you allow
the fear of it
to control your actions`?
saulimus: "For God so loved
the world,
that He gave His only begotten Son,
that whoever believes in Him shall not perish, but have eternal life." <- solution right
there (disclaimer: I'm a christian)
furuknap: truffles, you're catching on! I do care about me, but you're
thinking correctly about
the issue.
ThickAsThieves: it can make me impatient and extremely averse
to undue stresses
furuknap: Nobody wants
to die, really. Whether you allow
the fear of dying control or affect your actions is more relevant.
furuknap: Morality is relative and
thus subjective. What works for you works for you. If you care not for what others
think,
that is all
that matters.
saulimus: what's
the point of adopting a philosophy your lifestyle fits
the best with? isn't
that just doing what you'd like anyway?
ThickAsThieves: closedt i found was buddhism, but
the whole being one with nothingness is ridiculous
to me
ThickAsThieves: i searched for
the philosophy
that fit my lifestyle a few
times when I was younger
furuknap: There's a difference between "whatever
the fuck you please" and "what you will".
mircea_popescu: i have no idea why
the notion of doing whatever
the fuck you please needs a name
furuknap: This isn't a philosophical channel, but if you want
to learn, read up on it. It's a pretty fascinating philosphy.
truffles: do
they believe in a God furuknap?
furuknap: If you will, you can.
The entire belief system on
Thelemites is "Do what
tough wilt". Nothing more, nothing less.