log☇︎
907700+ entries in 0.62s
ThickAsThieves: because they sold 50 blades at 50btc last night
[\]: ThickAsThieves, why's that?
ThickAsThieves: hard to say
[\]: so what price do we think AM is going to top out at?
ThickAsThieves: push that price down!
jurov: oh google maps actually says three hours only
jurov: we 'll manage these 4 hours somehow
[\]: perhaps you aren't my type?
jurov: so we should know each other more bby then.
[\]: like I want to road trip with you
jurov: [\\\]: try to go to budapest, we can make road trip then
[\]: I don't know if I can handle that
[\]: all flights take me through germany
jurov: hahaha yea we need protection against impostors, too.. but last time pgp challenge/response was done by email
asciilifeform: so, GPG challenge/response at the gates?
jurov: oh that catched my attention too... did that actually happened last time?
[\]: I think I'll just 'register'
[\]: so if I don't VIP, I can trash the VIPs?
[\]: You will be expected to behave courteously towards the other VIPs, which specifically includes not trying to sell them.
mircea_popescu: sometyhing like that.
[\]: so I pay the fee and the only issue is my transportation?
[\]: everyone spells the name wrong
jurov: she may if you succeed to unchain her
[\]: jurov: to which it does 'it' refer?
jurov: [\\\]: she may if you succeed to unchain it
[\]: just because she want to the last doesn't mean she's going to the next
mircea_popescu: mpoe-pr is in the pix lol
[\]: I want her to shake my... hand.
[\]: is the girl going?
mircea_popescu: [\\\] depends how many people show up. was nh last time.
[\]: I ain't going if I don't like the digs
mircea_popescu: he was expecting everyone to buiy it up to 100k per btc by xcmas a few weeks ago
mircea_popescu: well, i like that at least he's claiming to have been following the girl's guidelines.
jurov: he was here before beginning of time
benkay: but i may do that anyways.
jurov: yes. most libraries do tht anyway
benkay: as in shell out to?
benkay: i just want to (encrypt key message)
ThickAsThieves: I'd like to get to 5000 shares ASAP
ThickAsThieves: and sold the whole way
ThickAsThieves: i bought before the recent rally
ThickAsThieves: i can say i have yet to sell a share for less than 10% profit
ThickAsThieves: is tough
jurov: very. how much you made on them? 20%
ThickAsThieves: more loyal than loyal?
jurov: --> ThickerThanThiev has joined this channel
ThickAsThieves: really i just didnt think about it, and mIRC has a nifty connect/disconnect button
jurov: wanna get thicker?
mircea_popescu: you know this is pretty cool, a few people already stated they're coming next year.
mircea_popescu: <asciilifeform> jurov: that's when the "Bitcoin as NSA honeypot" hypothesis will be tested until red-hot. <<< ehehe.
asciilifeform: jurov: the paper economy, yes. but people will still want to live, and will try.
jurov: rolling blackouts? then any forecasts are off, almost all usual econ activity will cease
asciilifeform: but the fun might end rather abruptly (at least in the U.S.) when the rolling blackouts begin.
asciilifeform: jurov: that's when the "Bitcoin as NSA honeypot" hypothesis will be tested until red-hot.
jurov: will be interesting whether the surveillance infrastructure will be efficient enough to prevent
asciilifeform: jurov: slowly enough. the first step will be punitive taxation of metals (see the imminent U.S. national sales tax as a base to work from.)
jurov: okay, such thing will certainly not come slowly
asciilifeform: "economic terrorism."
asciilifeform: and not the wimpy FDR confiscation. the Soviet one. where possession of bullion carried the same penalty as murder.
jurov: i don't contend that, only that the govts don't have so complete control than in 20th century and it's maybe easier to cause panic
asciilifeform: jurov: re: gold: eventually the physical metals market will decouple from the idiot paper-metal chump harvester. That's when the confiscation gasenwagen revvs up.
mircea_popescu: if it's poorly digested stuff coming out of some obese overlord you can live forever on the kernels.
asciilifeform: with the little twist that ultimately if you eat shit instead of food long enough, you die.
mircea_popescu: in fact, there's rarely not a majority available.
mircea_popescu: than admit they're eating shit.
mircea_popescu: there's never a shortage of people who, if forced to eat shit by the spoon, would rather claim this savarine is wonderful
mircea_popescu: jurov practically speaking, because the world is mostly made out of Chaaang-Nois.
mircea_popescu: "An analysis of Iksil's trades revealed that he was using Microsoft Excel excessively, making a number of formula errors that caused him to underestimate the risks of his positions."
asciilifeform: the permanently-unemployed say hello to the kolkhoz, and so on
asciilifeform: the next step is the slow outright Sovietization
asciilifeform: but, at the moment, there is still an effort to keep up the pretense that there is an actual economy, where physical goods are produced, bought and sold at a profit, plebes are paid salaries from a fraction of the proceeds, etc.
mircea_popescu: this is already the case.
asciilifeform: and dispense with the elaborate spreadsheet charade.
mircea_popescu: jurov he obviously means the fake gold nobody wants anymore.
asciilifeform: what I suspect is that at some point there will be a shift to a rather different, more Latin American social order, where the nobles are simply given bank cards with $ PosInfinity balance
jurov: <asciilifeform> I predict .... counter-intuitively slow rises in the price of gold <<< i think that is only possible if fed somehow proves the gold is there
mircea_popescu: "what'as the worst that can happen, inflation ? that measn the economy has resuscitated, win"
mircea_popescu: exactly. the fed is hungry and stupid. it goes "so we make 2% on 10trn which is 200bn and if we print another 10trn we make 400 bn instead ? go for it!"
mircea_popescu: and as a result fucking up the body.
asciilifeform: mircea_popescu: yes, they're just hungry and stupid.
mircea_popescu: they are there working dilligently at a bad definition of what the job is.
mircea_popescu: understand, cancerous cells aren't there conspiring to fuck up the body.
mircea_popescu: because the system is broken.
mircea_popescu: the fed simply makes money on the bonds they buy.
asciilifeform: So I won't be surprised when at some point the charade ends and the tinted window fellows will be handed actual titles of nobility.
mircea_popescu: neither of these is the point.
asciilifeform: when considering the purpose of the fake money printing, I can think of two distinct goals: (1) keep the spreadsheets from failing checksum (prop up the charade of an American "economy") and (2) keep the hookers, cocaine, jets, etc. flowing to the "nobility" despite their total economic/social irrelevance.
mircea_popescu: asciilifeform which is why i didn't consider it originally. but on a purely semantic basis it has to be pointed out.
jurov: so all the fake money is circulating in stocks and forex atm?
mircea_popescu: the us economy was never this weak. not in 1950, not in 1939, never.
mircea_popescu: the fact that the indexes are up is proof.
mircea_popescu: yeah, jurov : you can watch the stock exchange.
asciilifeform: I predict that American hyperinflation will lead to counter-intuitively slow rises in the price of gold and BTC. From the fact that large gold/BTC holders stuck in America will be selling off their stashes to buy basic necessities.
jurov: i was thinking that maybe there's some thing to watch for *before* hyperinflation kicks in
asciilifeform: jurov: yes, but that's the barometer to watch.
jurov: obv but that's a consequence, not a cause
asciilifeform: jurov: when the U.S. dollar price of your lunch equals today's price of a used car.
jurov: well, where's the fake money now and how can we see when it starts being spent?
asciilifeform: mircea_popescu: just the fact that the fake money will eventually circulate. and the consequences, etc.
[\]: mircea_popescu: is that my invitation to be a VIP? ;)