904800+ entries in 0.667s
benkay: with modern reputation
tracking
tools he'd be out of business rather quickly i imagine
mircea_popescu: i wouldn't want
to live next
to some random penny-ante inkeeper in his mind.
benkay: and
the city halls rules benefit hotel owners at my expense
mircea_popescu: so basically
the model is, fuck your relationship with your landlord and
the city hall
benkay: they were all put in place
to drive
the boarding houses out of business
benkay: yeah but screw
those ordinances, mp
mircea_popescu: klout is kinda funny, keeps sucking my cock. "o, you've been retweeted 67
times
this week. average uis 6"
ThickAsThieves: my mom sent me
this email
today: "Subj: Klout.com - I just saw a
thing on Nightline about it. Kinda like Linkedin I
think....only
they rate you with a number...not for me...lol....but I am curious what you
think about it...?"
mircea_popescu: it is against city ordinances
too , in most metro areas.
mircea_popescu: benkay yes. it is against your lease pretty much everywhere
to sublet
mircea_popescu: it's getting disgusting
to watch, all
these "businesses" into mass-gutting
benkay: let me clarify: for scammers who advertise well,
they made out like bandits.
mircea_popescu: benkay consider : myspace sold itself for a bn. back a decade ago, before
the qe. groupon's COMPETITOR is valued north of 3bn, after shedding a lot of valuation.
mircea_popescu: for
the sort of position, for
the sort of circumstance, 1 bn is a joke.
mircea_popescu: the funny
thing is on one hand i
told everyhone when
they were here
to be defensive players
ThickAsThieves: most here seem
to
think marketing is purely about spin
benkay: and i'm not surprised
that it's possible
to make money shuffling
things around
ThickAsThieves: also likely surprised at
the impact good marketing can have on exposing your services
ThickAsThieves: and you'd be surprised
the money
that can be made moving stones around
benkay: now if you
take
those
things
to ipo, you
too can make out like a bandit
davout: hmm, i guess
taking liquidity is also providing liquidity at
the same
time
benkay: but
that shit won't make you rich.
davout: mircea_popescu: moving stuff around provides liquidity
to someone but eats liquidity somewhere else, ends up neutral
benkay: that's how you prevent
the capital you've acquired from disappearing in inflation
ThickAsThieves: i also help large shareholders unload
their positions, small shareholders buy small stakes
benkay: not dismissing
the role of
traders and liquidity providers entirely
benkay: but don't expect
to make out like a gangster
benkay: if you don't deliver value
to a company, don't expect
them
to deliver returns
to your pocket
benkay: without delivering value
tho
benkay: they really just want
their capital
to not decrease
benkay: westerners always want
their capital
to increase
truffles: <ThickAsThieves> it's like drinking with philosophers>>>
that sounds more interesting
than
this discussion !
mircea_popescu: at least you don't have 45k in college debt for
the priviledge
ThickAsThieves
benkay: consider
this perspective
truffles: ThickAsThieves just
take it up
the butt and move along
mircea_popescu: except we don't yet have
the long
term for
the later, so.
mircea_popescu: ThickAsThieves look, everyone does his own
thinking, has his own expectations...
davout: mircea_popescu: how's
the hiring ladybytes on your
traders
team coming along?
mircea_popescu: as far as i know
there's a
total of
three people actually qualified
to be doing
this.
mircea_popescu: depends if you're a daytrader marking
to market on a daily basis.
mircea_popescu: the idea is for btc
to be a safer place
than anywhere else, not some mythical land you raid now and again
davout: "benkay: here comes
the gpg" << LOL
mircea_popescu: the idea is
that you perceive
this medium as dangerous and i aim
to make it safe.
ThickAsThieves: and while i dont
think of everyone as
thieves in waiting
mircea_popescu: the great advantage of btc is
that it'sd a perfectly even ideal field on which everyone's understanding can be
tested
mircea_popescu: ten years down
the road
things will have played out as i said
they will, and
they could no longer play any number of ways.
mircea_popescu: yes.
this is
the
thing : at
this point anything "could" happen
ThickAsThieves: it is you
that is making
the assumption
that AM is
the
thief
mircea_popescu: the only way
this divide will be healed is
through
time. so i'm not in any rush for anything
to happen.
mircea_popescu: this may be informed by experience, heck, it may even be
the correct stance in btc.
mircea_popescu: ThickAsThieves basically where you're coming from is
this : "i'm here in
the land of
the
thieves, better pack as much and run while i still have my legs"
ThickAsThieves: so you want
to say contracts are
the real deal, but dont actually protect you
mircea_popescu: contracts (like any other
thing in
the world) work by working not by being broken
mircea_popescu: no contract protects
the investors or any parties against
the very contract being breached.
ThickAsThieves: but it doesnt protect investors from a number of
things
that could easily circumvent
the contract into worthlessness
benkay: to
the extent
that exists in
this space.
mircea_popescu: you don't have
to agree, but you won't change
this whether you agree or you don't.