945100+ entries in 0.667s
mircea_popescu: you want
to survive, you'd better start doing something useful.
mircea_popescu: money has no value if everyone can survive on minimal wage.
that's socialism.
tiberiusiv: i find it hard
to believe you can survive on 150 a month
mircea_popescu: lots of agricultural
tradition, probably
the oldest continuously farmed land in europe outside of italy proper.
mircea_popescu: certainly has
the world's best champagne, for instance.
dub: out of
tubes in
the case of fish
tiberiusiv: namworld:
they are in
the EU so any cheaper goods would get exported out
mircea_popescu: tiberiusiv minimum wage ~500 lei / month. comes
to 150 bux
Chaang-Noi: if add in
the dividends
that is like 1 btc a share
tiberiusiv: mircea: how is
the cost of living
there?
jcpham: learn something new for
the oix metrics
jcpham: you should really watch
that youtube
mircea_popescu: tiberiusiv let me give you a very good example
that just happened recently.
tiberiusiv: i
think you made a good choice vs new zealand
jcpham: i heard about
that on a
TEd
talk once
jcpham: is
this vortex mathmatics
jcpham: wtf are you
talking about
jcpham: what is
th 2006-2007 cacriza
jcpham: dude
that blog is in funny symbols
[\\\]: what happened
to
that bot? :(
mircea_popescu: tiberiusiv
timisoara particularly is conveniently placed.
jcpham: in
the age of kings who is your ally?
tiberiusiv: mircea: why did you choose
to return
to romania vs other EU destinations?
[\\\]: jcpham: I forgot
this was compuserve
jcpham: i
thought everyone had
their own walled gardens by now
jcpham: wait... who is
the community again
[\\\]: all
the fail in
the community isn't a good
thing.
mircea_popescu: [\\\] of course he has a point. old elite gettingstomped is always a good
time
to nostalgia.
tiberiusiv: i
thought
the depositers got a great deal in cyrpys
[\\\]: jcpham: I actually
thought he made a good point
Chaang-Noi: right now
they are all buyers,
they have noting
to sell yet
tiberiusiv: doesnt
take much
to knock
the price back
to 50
tiberiusiv: chaang-noi: if
that was
true we would see
tighter bid/asks
jcpham: volatility,laws, and
time are
the problems
Chaang-Noi: but hard
to pour in millions and millions
TomServo: regarding cyprus, how in
the WORLD does a
topic like
that just get bandied about in politics?
Chaang-Noi: FinCEN
to me means soon large investers, lije hedge funds will pour money in, might be happening now
jcpham: effectiveness is in
the ends
tiberiusiv: government bodies
tend
to be highly ineffective
mircea_popescu: tiberiusiv
they didn't collect it lol. peopel just kept calling it in.
tiberiusiv: kind of like
the stazi in east germany,
they collected so much data on people it just overwhelmed
them and
they couldnt do anything
jcpham: then
there is
the rest of
the world
tiberiusiv: fincen recieves so many suspiscious
transactions a day its impossible
to analyze
them all
[\\\]: nothing's
technically changed
[\\\]: hell, half
the people in
the know don't know
mircea_popescu: [\\\] has it. fincen is important for people in
the know. deeply in
the know
TomServo: I
think
the
topic being mentioned at
that level means something at least.
the-bucket-shop: I
think 50-65 was FinCEN saying it's not illegal
to accept btc
tiberiusiv: 1000 bitcoin would mean
the daily
trade volume would have
to be at least 100mil
mircea_popescu: yeah, but frankly i don't
think anyone from outside much cared
mircea_popescu: we're discussing perception.
the 50-65 runup was pretty much all cyprus media circus
tiberiusiv: during a default fractional reserve lending works backwards and fiat dollars are destroyed, making
the existing ones worth more
jcpham: for like
the first
time in millenia
TomServo: last i heard
the state wanted
to 'take over' detroit
mircea_popescu: tiberiusiv suppose
the us fucks up. such as, california actually defaults.
TomServo: what is short
term in bitcoin
time?
Chaang-Noi: im willing
to wait 2
to 5 years for 1000
[\\\]: thats what
they said about gold
mircea_popescu: Chaang-Noi you went
to bed wrongly. i went
to bed it was 60 woke up 64
mircea_popescu: he may still solve
the problem by proxiing as he's
trying, but it'll be more work needed
mircea_popescu: he's in
the shitspot of all
time. unlike mpex he doesn't make infinite moneyz so he can't spend infinite moneyz, unlike mpoe he can't just go "heh,
trade on irc fu".
Chaang-Noi: go
to bed, btc is 64, wake up btc is 64... btc is same! not happened in forever...
pizzaman1337: benkay:
that's why I'm only messing around with <10 options
this month...
benkay: too many focus on
the former.
benkay: that's
the important
thing.
pizzaman1337: Ok, I guess in
two days I'll feel comfortable with
this
tiberiusiv: this latest move has been
too far
too fast
jcpham: throw some more o's in
there
mircea_popescu: tiberiusiv i sold ~1k btc, but not really doing much other
than
that.
tiberiusiv: are
those in here with substantial bitcoin holdings hedging ?
mircea_popescu: if diff retarget works on 20th and
then miners do 30th,
jcpham: introduce nefarious hashpower and
that doesn't hold
true
mircea_popescu: tiberiusiv confirmation
time is a function of
the ratio between implied hash and actual hash.
pizzaman1337: mircea_popescu: when I do
that, should
they be removed from
the "To which add sums deposited as surety for 4th Friday settled option and future contracts" section?
jcpham: especially with pools ops increasing block size restrictions in
their mined blocks
jcpham: let me rephase, assuming all miners are "good" yes
the linear
thought is
that confirmations should increase
kakobrekla: it will retarget
to 10 min every 2014 blocks or smth which is ~2weeks
pizzaman1337: mircea_popescu: if I create and sell put options, and I want
to buy
them back before
they exercise, how do I do
that?