mircea_popescu: lol

mircea_popescu: lets make forums more like highschool

mircea_popescu: dub they wouldn't know how to use it

mircea_popescu: which is also true of cunt.

mircea_popescu: incidentally, anyone here capable of explaining ripple to me ?

mircea_popescu: cause it seems massively retarded.

mircea_popescu: you'd get bored tho

mircea_popescu: i think half the fun for ppl is the tards

mircea_popescu: dub : https://bitcointalk.org/index.php?topic=130264.msg1398343 point in case

mircea_popescu: I use Linux since 2001, so I know my stuff

mircea_popescu: I just noticed the password is saved in my phone's browser.

mircea_popescu: jcpham what sense does that make ?

mircea_popescu: so basically this has all the disadvantages of getting married

mircea_popescu: and as an extra bonus, you don't marry a hot chick.

mircea_popescu: sounds like a winner.

mircea_popescu: ifyou do credit might as well have a centra lbank.

mircea_popescu: i don't see the sense of btc loans either.

mircea_popescu: Diablo-D3 you know foreclosure is a net loss for a bank

mircea_popescu: https://bitcointalk.org/index.php?topic=130643.0

mircea_popescu: seems mtgox btc deposits down

mircea_popescu: <Namjies> Cause all the money used to buy everything is the property of the government to start with so why wouldn't it own everything bought with it? << bullshit.

mircea_popescu: dub lol

mircea_popescu: hm?

mircea_popescu: this is going well

mircea_popescu: pigeons : they made one of those bike leasing companies here

mircea_popescu: it failed so laughably...

mircea_popescu: what's that ognasty club thing ?

mircea_popescu: <Bugpowder> Whoever is dropping the big coin on S.DICE better not make all their money back by the end of the month or I am gonna be pissed <<< lol. y the haet ?!

mircea_popescu: pigeons list them as Nefario, Inc.

mircea_popescu: if you list as mpoe http://www.google.com/search?q=catfish+pigeons&complete=0

mircea_popescu: <copumpkin> does that cunt? <<< which one ?

mircea_popescu: also, who's plate ?

mircea_popescu: <Bugpowder> Well MPEX is market making for all of their futures << not at all ?

mircea_popescu: i have no idea

mircea_popescu: but yeah, i said it then, i thought (iirc smickles asked ? )

mircea_popescu: mpex isn't mm-ing any of them

mircea_popescu: well that explains it lol

mircea_popescu: i don't even think it's mm-ing per se, i think people just threw some bids up

mircea_popescu: on futures ?

mircea_popescu: cause that'd indeed be mm-ing but so far haven't seen it

mircea_popescu: pigeons invisible fist.

mircea_popescu: Bugpowder less fee.

mircea_popescu: All MKOPT orders are assesed a 2% fee (SPLIT orders are free).

mircea_popescu: ya, it's in the faq

mircea_popescu: http://polimedia.us/bitcoin/faq.html#12

mircea_popescu: i guess im inconsistent

mircea_popescu: s.mpoe

mircea_popescu: on the sad news front, seems nobody knows how to price the idiffs

mircea_popescu: not surprising i guess.

mircea_popescu: http://www.theblaze.com/stories/they-finally-really-did-it-eu-okays-central-banking-authority-approves-greece-for-another-bailout/ heh

mircea_popescu: “Europe and the eurozone have proved that they are capable of eliminating the challenges that confront them,” said France’s socialist President Francois Hollande.

mircea_popescu: fucking socialists will drive us all in the hole

mircea_popescu: then the fuckwit french finance minister "lambasts" rich people

mircea_popescu: it's sickening, this.

mircea_popescu: they're left to whine.

mircea_popescu: it's like a stupid bitch that marries some rich dude, won't cook, he tells her she either gets with the programme or gets lost

mircea_popescu: she bitches

mircea_popescu: then she gets served divorce papers

mircea_popescu: then she's all teary

mircea_popescu: well... shoulda fucken listen when we were jus' talkin'.

mircea_popescu: romania

mircea_popescu: which seems will never actually join the eurozone at this rate.

mircea_popescu: it's been a pretty good thing so far.

mircea_popescu: romania has miore gold than like,... australia

mircea_popescu: or kuwait, or brazil/argentina etc.

mircea_popescu: everyone's strengthening with this idiocy going on

mircea_popescu: the us just announced 40+45 bn in crapola

mircea_popescu: myeah.

mircea_popescu: "o, it's just money". pfff.

mircea_popescu: no, it's not "just" money. it's money. you're just an idiot.

mircea_popescu: ;;ticker

mircea_popescu: creeping up huh.

mircea_popescu: "Generally, pushing the security down to the hardware level in conjunction with software provides more protection than a software-only solution. "

mircea_popescu: this is so stupid. wikipedia, land of the useful idiots. who came up with this ?

mircea_popescu: the thing is btc will outpace gold on the long term

mircea_popescu: you can quote me on it

mircea_popescu: lol.

mircea_popescu: emp can not take out btc

mircea_popescu: in fact, we could hash on slave labour if need be.

mircea_popescu: btc can be implemented to work over carrier pigeons tcp/ip stack reimplementation

mircea_popescu: with shaved headed monks doing the hashing by candlelight.

mircea_popescu: it's really 1100 cluny tech.

mircea_popescu: over 60 ?!

mircea_popescu: Figures released Thursday from the Greece’s statistics office showed unemployment at a record high of 24.8 percent in the third quarter of 2012

mircea_popescu: basically, five people in all of greece still work.

mircea_popescu: well C140 is otm

mircea_popescu: basically you get 90 btc's worth.

mircea_popescu: which for calls is always 90, but for puts varies with how itm they are

mircea_popescu: if you got 100's you'd have 200 puts or w/e

mircea_popescu: the diff futures

mircea_popescu: lol smickles. blink and you miss mpex news

mircea_popescu: http://trilema.com/2012/further-futures-on-mpex/

mircea_popescu: http://trilema.com/2012/high-finance-falootin/

mircea_popescu: imm dates

mircea_popescu: :p

mircea_popescu: yes, they're very risky.

mircea_popescu: esp the far out one

mircea_popescu: but hey, with great risk comes great reward. you could in principle make ~70x your money in a year-ish

mircea_popescu: which is like... 4% a week ?

mircea_popescu: ;;calc 1.04**52

mircea_popescu: ;;calc 1.038**52

mircea_popescu: something like that.

mircea_popescu: lol aaand highest growth % goes to bvps

mircea_popescu: ;;calc 20 * 0.0067 * 0.002

mircea_popescu: ty for the quarter mbtc!

mircea_popescu: lol

mircea_popescu: ;;gentime 1

mircea_popescu: is it 3370181 ?

mircea_popescu: ahh, i nearly forgot, tomorrow the rota starts!

mircea_popescu: a new age in bitcoin bitchslapping!

mircea_popescu: smickles not yet

mircea_popescu: wait a second

mircea_popescu: ;;ticker

mircea_popescu: 13.69301 * 0.00061252

mircea_popescu: ;;calc 13.69301 * 0.00061252

mircea_popescu: omg creeping in on 10mn

mircea_popescu: who ?

mircea_popescu: lol if anyone shorted a week ago they're in pain.

mircea_popescu: so im getting hosed with sa traffic

mircea_popescu: who linked mpex ?

mircea_popescu: smickles amusingly, netflix not mentioned on his wiki page :DF

mircea_popescu: whoa what ?!

mircea_popescu: how'd you figure that ?

mircea_popescu: http://vr-zone.com/articles/lights-out-boeing-creates-the-first-working-emp-bomb/18163.html we need to bomb boeing

mircea_popescu: smickles but you need some block reward factored in

mircea_popescu: except

mircea_popescu: a share is only worth 25/x

mircea_popescu: nah

mircea_popescu: or maybe ?

mircea_popescu: ok so then it's [shares]*25

mircea_popescu: pure and simple ?

mircea_popescu: smickles : you should post this novel sorcery as a comment in the futures post

mircea_popescu: http://webcache.googleusercontent.com/search?sourceid=chrome&ie=UTF-8&q=cache%3Ahttp://forums.somethingawful.com/showthread.php?threadid=3484374&userid=0&perpage=40&pagenumber=5

mircea_popescu: someone can send me a dump of this ?

mircea_popescu: for the record, iso name for btc would prolly be xbt or something

mircea_popescu: NOT btc.

mircea_popescu: USD is called about 5 diff things in iso anyway

mircea_popescu: cme are such idiots. who told them e-micro can be 1/10 standard

mircea_popescu: wtf happened to 1/1000

mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/14rk60/private_investigation_on_mtgox/ this is... hm.

mircea_popescu: lol

mircea_popescu: they're mostly highschooler/college undergrads/grads

mircea_popescu: what'd you expect ? they need tit.

mircea_popescu: smickles proposed an example.

mircea_popescu: bonafide ids i guess

mircea_popescu: !ticker s.dice

mircea_popescu: http://www.bitcoinmonitor.com/

mircea_popescu: remarkable what small % of moving funds are mtgox trades

mircea_popescu: Namjies the problem with education paid for by other people is that it creates the disrespectful assholes we see today.

mircea_popescu: i would rather have millions of smart kids die iliterate than billions of idiot kids think it's ok to give their opinions when adults talk.

mircea_popescu: because they don't risk anything. goes to school, doesn't learn, no big deal

mircea_popescu: if going to school was an exception, and his only chance out of the slum and something he'd work hard for, it'd be different.

mircea_popescu: i mean primary school.

mircea_popescu: kid must know that if he's kicked out of school that means prison, digging ditches or sucking cock

mircea_popescu: and must know this aged 6.

mircea_popescu: and in general, kids must know they're worthless at a much earlier age than the current system

mircea_popescu: where they imagine they're the king of the world for the first 2-3 decades and then discover they really have no value.

mircea_popescu: the shock is psychologically scarring

mircea_popescu: they need to start with it earlier so it's softer.

mircea_popescu: Namjies well, we're discussing principle. impossible to attack with anecdote.

mircea_popescu: problem with it being soft on kids is tghat there's nothing they can accomplish anymore.

mircea_popescu: anyway. that aside health i can see as a function of govt, in many cases. mostly trauma.

mircea_popescu: smickles yes.

mircea_popescu: i was ranting about how the eurozone is not good enough for romania to join earlier.

mircea_popescu: Namjies no. this devalues education for everyone else.

mircea_popescu: if anyone can eat pie this devalues my pie.

mircea_popescu: exactly.

mircea_popescu: not the govt job. if rich people want to pay for their education let them

mircea_popescu: but don't tax for it.

mircea_popescu: if his parents suck he's screwed.

mircea_popescu: this gives parents an incentive to not suck.

mircea_popescu: yes.

mircea_popescu: society should be exclusive not inclusive.

mircea_popescu: if it's inclusive i don't want to be part of it

mircea_popescu: you end up stuck with the idiots and then fail.

mircea_popescu: you want to include the peaks not the bottoms.

mircea_popescu: "good"

mircea_popescu: they're not good if they parents suck.

mircea_popescu: has nopthing to do with good.

mircea_popescu: intelligence is just part of the pie.

mircea_popescu: no.

mircea_popescu: good is not unrelated, randomly occuring, fallen from the sky

mircea_popescu: good is worked and sweated towards.

mircea_popescu: no sweat, no good.

mircea_popescu: convince me he is and i might pay it.

mircea_popescu: but don't assume he is for me and expect i give you the money.

mircea_popescu: a fine example : i made a contest on my blog, for peopel to write fiction. reward was 5btc minimum + up to 100

mircea_popescu: of the thousands of people who saw it and hundred+ that talked to me about it, i got 3 submissions.

mircea_popescu: why ? cause people were busy dickingaround on facebook ? fuck that.

mircea_popescu: and the procedure SHOULD NOT be standard.

mircea_popescu: why standard? whoever has the money makes the rules.

mircea_popescu: that is the very point of money : they who have it are smarter than you, and you should listen to them.

mircea_popescu: pigeons bonafide only because of the current state sponsored moral hazard

mircea_popescu: sure, let's tax 50% of society and give it out to the worst least worthy recipients

mircea_popescu: then wonder why "stars" have money

mircea_popescu: well, cause you pump money into a cesspool.

mircea_popescu: money you stole.

mircea_popescu: if taxes were a reasonable 0.08% i guarantee you jessica simpson would be back to waitressing.

mircea_popescu: or w/e she does "profesionally"

mircea_popescu: Namjies that problem is purely theoretical these days.

mircea_popescu: bonafide yes, because the foodstamp fed multitudes have discretionary spending.

mircea_popescu: and i guess now i'm the go to rightest-wing guy in btc huh.

mircea_popescu: Namjies if the money they spent came from their work it'd at least be defensible.

mircea_popescu: as in, music doesn't suck today, it's just i have divergent tastes to the world.

mircea_popescu: Namjies im pretty sure if given the same revenue (80% gas accise + car tax + etc) the public sector would be doing a much better job with roads

mircea_popescu: but this point is amply debatable because in fact large projects require large agents and at that size the diff between govt and corporation is mostly academic

mircea_popescu: the principles informing decisions are more important than the exact incorporation form.

mircea_popescu: but look here : Sarah Ford, age 20, NY

mircea_popescu: “I'm a young and involved activist about to start my double major in environmental studies and politics, and I'm very, very angry about what is going on in this country. I blame this country's problems on the exploitations of corporations and a blind worship of the "free market" and "self-regulating capitalism" (Tell me, how does that work again? Oh yeah, it doesn’t morons). Following the deregulation of the banki

mircea_popescu: ng sector and the repeal of Glass-Steagall (the financial regulation act that would have prevented the financial crisis), this country has gone down the drain.

mircea_popescu: this stupidcunt thinks she may have political opinions ? aged 20 ?

mircea_popescu: jesus god.

mircea_popescu: kids that aren't beaten enough develop this very superficial "we know shit" conviction, and then the result is btctalk lending & usagi financial expertise.

mircea_popescu: nah.

mircea_popescu: just buy my stock lol

mircea_popescu: which one ?

mircea_popescu: if it weren't so prevalent...

mircea_popescu: we've taken things too far. much too far. sure, confidence is a good thing, kids were opressed 50 years ago etc. but by now it's way overdone.

mircea_popescu: way, way overdone. college mostly consists of elderly people asking kids what they think. who the fuck cares what 20yos think ? they're dumb as rocks by the very definition.

mircea_popescu: i mean, it works once a semester or something. but it can not be the whole curricula.

mircea_popescu: name one responsibility govt has ?

mircea_popescu: and then name one govt person who got into any sort of trouble for fucking up.

mircea_popescu: ya well...

mircea_popescu: in all times and places government is this "we'll do our best, expect nothing in return" proposition.

mircea_popescu: this works great if we're a village of 100 people and most of them love the one guy in charge

mircea_popescu: otherwise...

mircea_popescu: right-o.

mircea_popescu: but you know, just because something is impossible to do (large state) doesn't mean you should try anyway

mircea_popescu: it means you SHOULDNT TRY

mircea_popescu: indeed.

mircea_popescu: well, here's it from my pov : we dicked around for 100 years trying to make this welfare state work. it failed, pack it up.

mircea_popescu: i don't mind the experience, really, but it's unconscionable to pretend like it didn't happen.

mircea_popescu: the reserve requirements will be reduced for new contracts, but old contracts will be unchanged

mircea_popescu: Namjies i would agree, but every deserving kid. it's important.

mircea_popescu: Bugpowder they don't. in case of margins overrun the contracts are awarded proportionally.

mircea_popescu: say there's 90 contracts at margin high, and 10 at margin low

mircea_popescu: say the low margin gets blown

mircea_popescu: everyone gets 10% of contracts liquidated.

mircea_popescu: nothing.

mircea_popescu: um

mircea_popescu: i think we're talking at crosspurposes. yiou mean for future asset buyer or creator.seller ?

mircea_popescu: Well parents can't decide for their children how to << whart ?! why not ?

mircea_popescu: Bugpowder yes, practically. as far as mpex is concerned at most he gets no collateral back, at best he gets all collateral back.

mircea_popescu: Namjies how they actually act or how they should act ?

mircea_popescu: all children are born cowards.

mircea_popescu: an inability to make a kid act exactly the way you want is in general clear proof you're an idiot.

mircea_popescu: sure, but rather rare.

mircea_popescu: Namjies no, we couldn't. having a kid is NOT a contract with the state.

mircea_popescu: Bugpowder not other than by watching the market.

mircea_popescu: that aside, i agree the system is imperfect for these reasons, but i see no alternatives.

mircea_popescu: i mean i guess alternatively i could just shave the collateral each quarter, and return it.

mircea_popescu: that'd make it more fair ? maybe ?

mircea_popescu: Namjies as in, having a kid can not be considered a promise to anything nor an agreement to anything.

mircea_popescu: having a kid is a sovereign right above and beyond any convention, much like breathing.

mircea_popescu: Bugpowder risk discovery would b easyer, but the risk of sudden collapse would be notable.

mircea_popescu: as in, quarter closes, all positions get wiped.

mircea_popescu: Bugpowder im really very much interested in discussing this in depth, i think it's very important.

mircea_popescu: the risk of collapse.

mircea_popescu: suppose diff is above margin then. all positions = wiped.

mircea_popescu: but then we could just have a single 3 month contract that resets

mircea_popescu: no need for 4

mircea_popescu: Namjies who says they can;t ?

mircea_popescu: their kid, their problem.

mircea_popescu: sure.

mircea_popescu: it comes with it being THEIR kid

mircea_popescu: not yours and not the state's.

mircea_popescu: so basically, display the mean collateral per contract ?

mircea_popescu: ya i was gonna say, that's risky.

mircea_popescu: Namjies kids aren't people yet.

mircea_popescu: if they are, then they can fuck and have a beer

mircea_popescu: if they can't legally have a beer, then don't tell me they're people.

mircea_popescu: and the entire history of positive pop growth over millenia was exactly it : manufacturing slaves.

mircea_popescu: take that away you get negative pop growth

mircea_popescu: Bugpowder why autoloss ?

mircea_popescu: it's 9x innit ?

mircea_popescu: ;;calc 2.9**3 * 33

mircea_popescu: o just 80

mircea_popescu: Namjies yes, if you don't recognise them some rights then they're slaves.

mircea_popescu: Bugpowder an important point here is that i would imagine actual margins being blown to be rare.

mircea_popescu: do you think not so ?

mircea_popescu: this is a point.

mircea_popescu: Namjies me either, but the fact remains once you strip humans of some rights you can't pretend they're still humans.

mircea_popescu: they're not. so, either kids can do what they please or else they're slaves. no synthetic middle of the road so we can argue both ways

mircea_popescu: i was using it in the social participation sense. citizen.

mircea_popescu: midnightmagic we're discussing the philosophy of it rather than the practice.

mircea_popescu: even so what ? you can't have half a whole apple.

mircea_popescu: either it's whole or else it's not.

mircea_popescu: but how you treat something speaks to you

mircea_popescu: not to the thing.

mircea_popescu: hence the distinction between practical (how society treats them) and philosophical (what they are)

mircea_popescu: consensus is a pretty socialist thing.

mircea_popescu: truth is not something that is arrived at by consensus, nor is value.

mircea_popescu: nope, reality is not either.

mircea_popescu: and yes, consensus is society, which is what makes it dirty.

mircea_popescu: as a concept.

mircea_popescu: midnightmagic no. the social representation of reality is consensus

mircea_popescu: which is just a little more circularity.

mircea_popescu: the romans were in agreement that they kick ass, just as odoacer marched in.

mircea_popescu: consensus is in general the best tool to identify when you're about to get fucked.

mircea_popescu: Namjies i do not propose society not be based on consensus. i just say we need to understand thinking is an anterior, more important thing than society.

mircea_popescu: and so what society does has no bearing on the thinking side of things.

mircea_popescu: well... so ?

mircea_popescu: i mean, "society" was in consensus earth is the center of the universe. lalala, big deal.

mircea_popescu: society is here mostly to amuse.

mircea_popescu: Namjies i don't propose that. i am just pointing out the inconsistency involved.

mircea_popescu: midnightmagic well if female children are screaming bloody murder...

mircea_popescu: why not just get a spot on an industrial zone like sane people

mircea_popescu: Namjies not helping someone is not harming him.

mircea_popescu: and i agree.

mircea_popescu: but in principle, the problem with society is this : no 100% solution will ever exist. so, in general, we need to understand and accept that some kids will get raped, some people will get shot etc. trying to make a system where these are impossible results in an unworkable system

mircea_popescu: they just need to be unproductive.

mircea_popescu: i agree.

mircea_popescu: and i help people all the time. the catch is that i never help people in systematic ways.

mircea_popescu: taxes are bs, nickle to panhandler is bs, tithe in church is bs, these are failure modes.

mircea_popescu: you gotta double your dime with at least a dime's worth of your intelligence.

mircea_popescu: midnightmagic here's an anecdote for you :

mircea_popescu: there's very nice farmer markets here. i bought 56 lei worth of smoked cheeses and other nice stuff. there was a beggar there, when he saw my cashroll he got all excited.

mircea_popescu: so i gave the salesgirl 60 and told her to give the guy food worth of the change

mircea_popescu: which he didn't want! he wanted money!

mircea_popescu: so she got to keep it.

mircea_popescu: simple game of who gets this euro ? the "needy" or the working ?

mircea_popescu: like 4 to the euro.

mircea_popescu: actually, excellent food here is incredibly cheap

mircea_popescu: a 1 lb chunk of homesmoked, homemade cheese is like 20

mircea_popescu: yeah.

mircea_popescu: one of the main reasons im here. better food than france, about on par wine, 1/10 the prices.

mircea_popescu: lol i know people who'd pay 100+

mircea_popescu: except you can't import it in the us.

mircea_popescu: midnightmagic except beef yeah.

mircea_popescu: hehehe

mircea_popescu: nope

mircea_popescu: lmao

mircea_popescu: then he wonders why police tries to keep an eye on him

mircea_popescu: midnightpublicmenace

mircea_popescu: and actually ima go have some.

mircea_popescu: if everyone's done dumping the k's of btc on mpex for five minutes

mircea_popescu: Namjies sounds aboutright

mircea_popescu: ahh

mircea_popescu: Namjies for the sake of keeping it short

mircea_popescu: and also for the sake of keeping them rare. idiots tend to self-select as they can't cope with it.

mircea_popescu: because there's no practical way to check people's disposable income.

mircea_popescu: that measure they have irl of qualified investors is pretty smart.

mircea_popescu: i want to keep people unable to meaningfully contribute in the market out of it.

mircea_popescu: meaningfully contribute means of course help with price formation.

mircea_popescu: this has been stated in the inverse, as "keeping drama out"

mircea_popescu: basically it's the same thing

mircea_popescu: i don't think the two are a different thing.

mircea_popescu: at the macro level (which is what i do for mpex) you are well advised to use macro tools. a barrier to entry for instance.

mircea_popescu: targeted intervention is usually a bad idea.

mircea_popescu: for instance, so you understand better that i mean : in the discussion for psychoticboy's asset relisting, mpex got 1 vote, out of like 30.

mircea_popescu: mpex would never list some asset making 3 btc a month, let alone something as dubious as those were. but it doesn't have to not list it :

mircea_popescu: the people don't want it listed anyway.

mircea_popescu: so it works splendidly.

mircea_popescu: there's nothing wrong with having brokers serving any market niche. irl there's ameritrade and optionsexpress and etc doing online accounts

mircea_popescu: but it has to be brokers serving these markets.

mircea_popescu: in other words, my core mission still is to equip btc with the weaponry it needs to win the war with fiat. this hasn't and won't change.

mircea_popescu: so just going about that.

mircea_popescu: right.

mircea_popescu: if i call it a stock exchange i actually mean the words.

mircea_popescu: i guess that's rare, but still.

mircea_popescu: it's "small" only in terms of btc fiat value atm.

mircea_popescu: otherwise its a 30 units fee on a 20mn total monetary mass.

mircea_popescu: that'd be a 7mn fee in fiat.

mircea_popescu: so, as btc goes up (and in no small part because of mpex) the fee scales. is perfect-ish

mircea_popescu: anyway. total cap on mpex (stocks only) is just about to breach 1mn btc.

mircea_popescu: that's not low by any standards

mircea_popescu: in fact this is the first online thing of that level. never before was a stock exchange ever had this

mircea_popescu: Namjies i actually was planning to both sell dtng and move mpex

mircea_popescu: :p

mircea_popescu: the beauty of how it's designed tho, is that i can run it symultaneously of multiple domains

mircea_popescu: and servers. i don't mean mirror it, i mean actually run it.

mircea_popescu: there's no difference between two diff people loading http://polimedia.us/bitcoin/mpex.php in their browser and two or the same loading site1/site2 sorta thing

mircea_popescu: i wouldn't use the cloud.

mircea_popescu: i dun trust it.

mircea_popescu: lol.

mircea_popescu: it was a fine exercise so far, wasn't it.

mircea_popescu: anyway, im off to town for a little. catch you later a bit.

mircea_popescu: sooo what's up today

mircea_popescu: who now ?

mircea_popescu: i recall piuk getting hit for $6.

mircea_popescu: the bfl thing is beyond incredible.

mircea_popescu: i have never heard of such a thing.

mircea_popescu: in other news : SD Profit before fees: 30628.62760334 BTC (2.055%)

mircea_popescu: holy shit they're going to post +14k at this rate.

mircea_popescu: jcpham 1 second

mircea_popescu: let the girl post first.

mircea_popescu: nah

mircea_popescu: jcpham https://bitcointalk.org/index.php?topic=129566.msg1400034#msg1400034

mircea_popescu: good plan.

mircea_popescu: thanks smickles

mircea_popescu: lol

mircea_popescu: you want btc/month

mircea_popescu: lol so add

mircea_popescu: seems my 1btc/gh/month was under smickles. not .3 but 3.

mircea_popescu: Diablo-D3 does it even make it back, the 2.84 ?

mircea_popescu: http://mpex.co/ <<

mircea_popescu: aha ?

mircea_popescu: i doubt that lol

mircea_popescu: or should i say

mircea_popescu: ;;later tell namjies mpex.co

mircea_popescu: smickles tbh i always thought miner wants to buy diff nto sell it.

mircea_popescu: abracadabra looks to buy more gpus <<< prolly a safer investment

mircea_popescu: at least they can be sold

mircea_popescu: ;;ticker

mircea_popescu: we just lost half a cent

mircea_popescu: dolla

mircea_popescu: i was like, wtf are ppl buying puts

mircea_popescu: well ya but i dun trust ta any

mircea_popescu: 28k sold seems like, 5+4 5+4 10

mircea_popescu: yea

mircea_popescu: when you are mining you are taking virtual diff and turning it into real diff.

mircea_popescu: thus it helps to have a supply of already bought virtual diff

mircea_popescu: smickles http://mpex.co?mpsic=X.IDIFF.DEC

mircea_popescu: i think you buy them

mircea_popescu: no, whoever is mining wants to insure against diff going up

mircea_popescu: look, it's really simple. you have 1k btc, want to mine. case A : you buy mining gear worth 1k btc. mine. as diff goes up you make less btc from mining

mircea_popescu: case B : you buy 900 BTC worth of mining gear and 100 btc worth of diff futures

mircea_popescu: as diff goes up you make less from mining but some money from the future

mircea_popescu: so overall you end up having more money than case A

mircea_popescu: if you buy them yes.

mircea_popescu: if you sell them no.

mircea_popescu: 400%

mircea_popescu: the problem is that as hash output increases the 2k blocks go by faster, so the 400% is not related to time

mircea_popescu: you could get 1mn% in a few hours with enough power added

mircea_popescu: "work"

mircea_popescu: lol right lyspooner

mircea_popescu: kinda is yea

mircea_popescu: hehe wait for next one, when it goes from 25 to 12.5

mircea_popescu: ;;ticker

mircea_popescu: Each successful applicant will receive $37. This will cover the cost of six months of hosting at prgmr.com and a productivity-enhancing hot beverage.

mircea_popescu: gtfo

mircea_popescu: im sick of dubious hacks trying to be viral.

mircea_popescu: i don't need 37 to succeed and i specifically do not need some nobody giving it to me.

mircea_popescu: nope

mircea_popescu: i'd say it's unfunny