asciilifeform: i have 0 respect for the vitalist bohr.
mircea_popescu: well then show it lol
mircea_popescu: this isn't how it works. decent gigs, like slutty chicks, aren't "earned", especially not in the linear, old mia farrow view of earning.
phf: but the question of link hijack remains, i will revisit it after i refine the annotation mechanism a bit
asciilifeform: (the most reality-based hypothesis is that ~asciilifeform~ simply isn't 133337 enough to score decent gig)
phf: "there is nothing wrong with your television set. do not attempt to adjust the picture. we are controlling transmission."
mircea_popescu: asciilifeform: i have learned that: a) there is ~0 demand for the things i know how to do among honest-work folks b) the folks who ~are~ hiring reversers, CAN'T FIND them << "socialism works" in other words.
mircea_popescu: i can see why pre-dragon log would link to itself rather than build an outside dependency. who even knows how long the old log website will last.
phf: the whole link fix has been superseded by annotations anyway
phf: original purpose was to let me read log references without leaving the log reader, but jurov later suggested doing a more exhaustive link fix for deprecated urls
mircea_popescu: davout for my curiosity, did you move the hotwallet funds or did you pass the codebase along with the hotwallet ?
mircea_popescu: http://btcbase.org/log/2016-04-08#1448857 << he has a point i think ; while the semantic content of links may perhaps be argued in that way phf , seeing how for instance redirects are honored etc ; nevertheless can't simply hijack people's links.
mircea_popescu: generally, it's the one thing most hideously implemented anywhere.
mircea_popescu: phf i bet you the reason ghetto beats regexp is that regexp is horribly implemented in w/e you use.
mircea_popescu: http://btcbase.org/log/2016-04-08#1448825 << no he really had the right idea, something like that'd have been a great way to sanitize one's own meatwot.
mircea_popescu: i suppose the capital really should be alzheimera
mircea_popescu: http://btcbase.org/log/2016-04-08#1448791 << heh, prolly best bet if that's what he's after is find the freelancer.com injun that did the coding in the first place
asciilifeform: i thought they died of starvation?
mircea_popescu: contrary to what the disney cartoon re-enactions of "the dinosaur age" may show for cinematic value, most dinosaurs died of organ failure, not of being eaten by a supposedly functional superpreditor that in point of fact was barely adequate to count as a manatee in modern terms.
asciilifeform: either that or we get eaten.
phf: maybe human hitler is ok, just as long he's not the venusian variety
mircea_popescu: i'm not even sure the word want may be thus prostituted.
mircea_popescu: it is altogether dubious, however, that priest-like organisation may exist in world bereft of some sort of hitler.
phf: danielpbarron: my impression is that in all seriousness asciilifeform pines for a technology priest status in an hierarchy that's at the very least not rotten through and through, i.e. building machines for non-lizard-hitler. he despairs since one is not available. as such "become crust punk" advise is totally inapplicable to him
mircea_popescu: http://btcbase.org/log/2016-04-08#1448733 << there's this internet lore furry thing, so i suppose it intends to be high comedy ; but meh.
mircea_popescu: davout i have nfi what you did here. for one thing, shareholders don't get 86, they get 86 + 1% of resolveed bets - 13.37
asciilifeform: more still, if you count the 'tax breaks' other usians get (e.g. mortgage) that i don't.
trinque: back to the thread, considering people in isolation is an artifact of this world's thinking.
trinque thinks of ender wielding legions as though they are part of his extended body
trinque: asciilifeform: seems exactly the right thing to happen right before another power vertical is established
asciilifeform: from my admittedly amateur understanding, mircea_popescus are produced when power verticals ~collapse~ and teenagers are competing in re cutting throats rather than who can be best young sov bureaucrat.
trinque: I'd say it has everything to do with the architecture of human societies.
trinque: (in all fairness to the rabbits, I'm aware of at least one instance of a rabbit eating the ears off his weaker brother)
asciilifeform: http://cluborlov.blogspot.com/2012/02/wheel-of-misfortune.html << while we're on the subj.
asciilifeform: punkman: when you cheat at lotto, you are simply playing another lotto.
punkman: asciilifeform: but briefly back to thread, imho it is important to understand that asking 'how to be mircea_popescu' is a fundamentally broken question, not unlike 'how do i win the lotto' << hey we just had the answer to lotto. you cheat.
asciilifeform: to be complete, it oughta also contain a reminder that there is not a forest where you can put 10 bil. wolves.
asciilifeform: i recall he had a spiffy article, where he cooked up an alternative to the maslow 'pyramid' thing, with 'mystical domination - being right when there was no good reason you could be right' as #5
asciilifeform: it is actually interesting to me, how mircea_popescu has a very strong respect for folks who take suicidally dumb risks (e.g., the 'oregon patriot' folk, isis snackbars, etc.)
asciilifeform: but briefly back to thread, imho it is important to understand that asking 'how to be mircea_popescu' is a fundamentally broken question, not unlike 'how do i win the lotto'
asciilifeform: they don't get wedged in minimax pits.
asciilifeform: because they are dumb enough to do a screamingly -ev thing
asciilifeform: this is sorta why the 'r-strategy' game is played with teenagers
phf: And it's most definitely that you can't reason out of minimax, so sitting there "how does" is not going to work
phf: Anyway I can't communicate that point because I only infrequently manage it, and the results are always predictably +ev, but perhaps it's the idea that minimax requires painful break, but then possibility space opens up and a talented person like yourself will have a relatively easy (though not effortless) time exploiting it
phf: Maybe I got the name wrong, about young Arab in prison
phf: You seen the prophet?
asciilifeform: they have some exhibits for infidels
asciilifeform: pete_dushenski: they give tours
pete_dushenski: asciilifeform: have you ever been inside mormon temple ? unless you're architect or engineer who built the thing, or practising mormon thereafter, the answer is nope.
asciilifeform: (given as the marriages are not officiated by usg, the women all register as welfare mother cases)
asciilifeform: pete_dushenski: not so secretly, they - and the hassidim of nyc - collect 'single mother' pensions by the megatonne
pete_dushenski: asciilifeform: also how ukr farmers and rocath french-canadians rose to prominence in the last few centuries in this country : 8 children families sop. mormons continue this practise (plus mega-secrecy) and they're not doing too shabbily by most measures.
asciilifeform: yes, it is interesting to know, e.g., how petroleum was formed in the ground, from dead organisms
asciilifeform: anyway i regard the algo as being ~entirely uninteresting.
pete_dushenski: how canada still makes hockey players too, though this is the solitary domain where this strategy is herein employed.
asciilifeform: it is an ~ablative~ rather than an ~additive~ manufacturing process.
asciilifeform: his algo, in my summary, was, approx., 'start by being 10,000 bright and suicidally daring ro teenagers in the roaring '90s, end by being one mircea_popescu' or the like.
asciilifeform: actually it is how they make mircea_popescus.
ben_vulpes: slightly less time consuming than attempting to jump through the vault door, i suppose
asciilifeform: (or, alternatively, where the pistol jammed)
asciilifeform: according to everett's mechanics, the outcome of using this device is that you wake up in the universe where the primes were guessed.
gribble: The operation succeeded.
asciilifeform: at any rate, everett device is this gadget that tries to guess the answer to a trapdoor problem, e.g., deriving mircea_popescu's private key primes
asciilifeform: BUT it has the advantage of removing the idiot vitalism that bohr pissed back into physics
gribble: The operation succeeded.
asciilifeform: pete_dushenski: were you here for the 'everett's device' thread ?
pete_dushenski: the ultimate otp
pete_dushenski: nah, he'll remind you that soviet chick doesn't need to know when 'wall falls', just needs to know right guy to get her through to other side. there was mega-thread on this at one point.
asciilifeform: in other nyooz, https://www.reddit.com/r/shapeshiftio/comments/4dx6k4/shapeshift_update_april_7_security_breach
pete_dushenski: so much for that theory
asciilifeform: they desperately want serfs.
asciilifeform: dun understand why i should have to, to write motherfucking software
asciilifeform: i'm simply tired of having to leave the house.
jurov: or do the hijacking properly in all cases where it's needed, like polimedia.us -> trilema.com
phf: old urls are still hijacked though, i think i'm going to disable that, and let just arrows do their thing
pete_dushenski: in other news, autonomous semi trucks are about to get the vote : http://qz.com/656104/a-fleet-of-trucks-just-drove-themselves-across-europe/
phf: also url patching facility is from before the arrows, so to some extent can now be dropped entirely
jurov: like, you can do do s/log.bitcoin.assets/btcbase.org/ globally on everything before the log was launched
jurov: *other ways than
phf: jurov: you're talking about this line "PeterL: http://btcbase.org/log/2016-04-08#1448483 << I said the same thing in the other chan a few hours earlier http://log.bitcoin-assets.com/?date=07-04-2016#1443837" yeah?
jurov: Whoever was waiting for coinbr withdrawals, mircea_popescu flushed some this morning, and I did the others now
phf: that's … intentional, but obviously breaks after the split
jurov: but escaping of < in the output
jurov: but the problem isn't url parsing
phf: *url parser rather
phf: http://btcbase.org/log/2016-04-08#1448528 << jurov thanks i'll look into it. i mean, the http parser consists of search "http" and then search for a set of separators, it's as ghetto as it gets, but i had better results with that approach overall than using a regex
pete_dushenski: asciilifeform: another reason why i wouldn't build my own bbet : the same reason i also wouldn't build my own cpu fab. i'm less 'inventor' than 'pro-scavenger'. i'm not 'early adopter', but rather 'fast follower'. to work to my strengths, i wouldn't start my own bbet anymore than you'd start your own strip club.
shinohai: Plus, unlike with UStards - no worries about which bathrooms to use. They shit in street!
pete_dushenski: ben_vulpes: i momentarily considered stan as an operational partner, but then quickly recalled the ongoing s.nsa saga and how it's basically made "two weeks" (tm) (r) his middle name. not that i fault the 'poor' bastard. he only has so many dr. octopus tentacles with which to do maffs and whatnot.
BingoBoingo: <pete_dushenski> all non-wot is anti-wot << No. People outside the WoT can still be renown as especially evil.
BingoBoingo: Actively inside the anti-WoT
gribble: The operation succeeded.
pete_dushenski: e idea of changing min 0conf but never quite resolved that quandary myself... alas. it was going to be a steep learning curve to be sure, but i was up for the challenge.
pete_dushenski: ben_vulpes: anyways, at a management level i had in mind to increase the vig/fee and hold on to house bet winnings in an effort to increase revenue to compensate for mistaken txen, resolutions, etc., obviously appreciating that this may, at least initially, discourage some users. was also going to tag in some meatwot to assist with moderation and actively scour meatwot for potential bookies. toyed with th
DonaldTrumpOfBTC: should the most senile republic of bitcoin build a firewall to keep chinese miners out?
pete_dushenski: BingoBoingo: and hack (with axe) then saw (with two-man lumberjack specialsaw) not hacksaw
BingoBoingo: For outdoor brush clearing you want either a chainsaw, reciprocating saw with appropriate blade, or good old fashioned crosscut saw.
pete_dushenski: BingoBoingo: the pantacode angle crossed my mind actually
pete_dushenski: ben_vulpes: ha! if i knew you'd be open to the idea, i mighta bet more ;)
BingoBoingo: And then finally rename contravex to MooseCawks!!!
pete_dushenski: BingoBoingo: it's going to be 15C+ today, so the bicycle is getting dusted off fo sho. sorta does the same job as hacktimesawtime
ben_vulpes: (b-dog, amusingly, a nickname of mine from the nineties)
ben_vulpes: hire the beedawg?
ben_vulpes: pete_dushenski: just outta curiosity, how were you going to run the thing?
gribble: The operation succeeded.
pete_dushenski: had a dream last night that znort woulda gladly paid twice what he did. man alive are these ex post rationalisation engines humming.
BingoBoingo: asciilifeform: But the printing vendor did
asciilifeform: my brother once participated in the programming for a video poker machine, and was informed by his co. that he will, likely, never be permitted inside a casino in usa
BingoBoingo: This reminds me of the mcdonalds monopoly promotion where the $$$ prizes all went to friends and relatives of the vendor doing the printing for years before they were caught
BingoBoingo: Anyways this is perhaps the most apt summary of journalism ever: "I kind of like the idea that hes taught himself not to look because if he looks its just neverending, right? You have to know when, as Superman, when to intervene and when not to. Or not when not to, you cant be everywhere at once, literally you cant be everywhere at once, so he has to be really selective in a weird way about where he chooses to interfere."
BingoBoingo: asciilifeform: We don't usually get massive pileups and these pipe explosions are infrequent. House explosions happen anywhere orcs are allowed to go feral while playing homeowner
BingoBoingo: jurov: Also the only Furry I know anywhere near bitcoin is that fellow who does the mycellium fungus wallet marketing
asciilifeform: the 'luckiest' we ever get is massive 'pile-up'
BingoBoingo: jurov: There's a consistency to this
asciilifeform: this is the moscow public radio btw
asciilifeform: also has interludes for 'hot new weapons system of the day'
BingoBoingo: asciilifeform: What else do people listen to when driving around the big prison?
BingoBoingo: 3. Some people here are now parents and need the warning
BingoBoingo: anyways asciilifeform 1. Furfags don't have a Turing or a Jurov to redeem them
asciilifeform: ''According to the civil complaint filed in federal court in Virginia on Tuesday, the boy had been given an “SSSS designation indicating that he had been designated as a ‘known or suspected terrorist'" while going through airport security. Since he was a seven-month-old, Baby Doe, as he is referred to, was subject to “extensive searches,” including rifling through all of his diapers.'
BingoBoingo: What's yet another credit card break when this is happening.
deedbot-: [Qntra] Furry Perverts Hack Radio Stations To Evangelize Their Filth - http://qntra.net/2016/04/furry-perverts-hack-radio-stations-to-evangelize-their-filth/
ButtNewsButt: http://qntra.net/2016/04/furry-perverts-hack-radio-stations-to-evangelize-their-filth/
asciilifeform: though here in the land of the great inca, all women formally belong to the great inca
mircea_popescu: no idea wtf they must be thinking - poor woman should get free tampons from strangers rather than become the domestic servant / slave / whatever of a not-poor woman ? or sex toy of a man ? or or or ?
asciilifeform: but it was the tampon donation bin that really melted my brain.
asciilifeform: http://thisainthell.us/blog/wp-content/uploads/2009/05/claymore-thumb1-300x222.jpg << for ref.
mircea_popescu: thus therefore, he was wrongfully convicted on a technicality.
mircea_popescu: there is no exception to this rule.
mircea_popescu: here's how spears work : they have a business end and a handle. the handle - always points toward you. the business end - always points to the enemy.
mircea_popescu: so then ?
asciilifeform: mircea_popescu: american courts largely operate 'on technicalities' now, except when usg's verdict is assured by a tame freisler. it is how they avoid crafting inconvenient precedents.
BingoBoingo: <mircea_popescu> guy underwent a white supremacist conversion in prison. (which is not particularly surprising - gotta make some friends somehow!) << He was kinda a play white supremacist before prison for the lulz. Switch was flipped in prison.
mircea_popescu: "He was convicted of violating the Computer Fraud and Abuse Act and faced 41 months in prison, but the sentence was overturned." reheheheallly. what ever happeend to "he was wrongfully prosecuted by X and unlawfully imprisoned for 41 months before the people finally came to their senses" ?
mircea_popescu: asciilifeform when's the paper from ?
mircea_popescu: asciilifeform should the performance not be avoided, for it not being avoidable or for any other reason, such as that i feel like blood that morning, the bill will be paid, both here and in heaven, by the fiat governments and no one else.
gribble: Lied der Partei - Wikipedia, the free encyclopedia: <https://en.wikipedia.org/wiki/Lied_der_Partei>; The Party is Always Right! - German Joys: <http://andrewhammel.typepad.com/german_joys/2007/01/das_lied_der_pa.html>; Ernst Busch - Lied der Partei - YouTube: <https://www.youtube.com/watch?v=eByxIINticQ>
mircea_popescu: asciilifeform there's one dispute to be had. i doubt very much hitler was anything but a center of mass. yes roosevelt intuited that since he wants the bureaucracy, the right move is to blame hitler, and yes churchill went along with it. but in point of fact...
asciilifeform: http://btcbase.org/log/2016-04-08#1448652 << which is precisely why i call the thing 'nazi' and its hypothetical center of mass - hitler.
asciilifeform: http://btcbase.org/log/2016-04-08#1448626 << afaik there is nothing to keep usg from zeroing out any usd account they feel like, whenever
asciilifeform: http://btcbase.org/log/2016-04-08#1448622 << was it mircea_popescu at c2 who had a talk about how 'scammitude' is rather like friction, and is not escapeable ?
asciilifeform: http://btcbase.org/log/2016-04-08#1448586 << i have a scan of the canonical (j. barnes) 2012, if either of you want.
mircea_popescu: see the above german liver equation.
phf: mircea_popescu: if i end up finding it at all useful, i will. i used spacing to indicate when were the active parts of day, so i'm trying this graph to provide an equivalent functionality. it's a number of messages/hour of day histogram
asciilifeform: but srsly, just ~storing~ 100s of btc is nontrivial, esp in the barbarian lands
asciilifeform: http://btcbase.org/log/2016-04-08#1448569 << this is sorta why i was astonished at the high sale price; buyer will have to build ~his own~ mircea_popescutron
mircea_popescu: btw phf you gonna document what the little blue graph on top of pages even is ?
mircea_popescu: let the permanent record indelibly state that you people are driving me to drink. it is not even noon here, and what started as "shit i need breakfast to keep up with this guy. and some chocolate. more chocolate" is by now my 2nd glass of cognac.
mircea_popescu: in typical republican fashion, while everyone else was sleeping we got together and shat a few hundred lines of heavy duty material into the logs. go us!
asciilifeform: http://btcbase.org/log/2016-04-08#1448593 << 'we have packaged the defective transistors separately!111'
mircea_popescu: this entire fiat sovereignity bullshit has to end, and the sooner the better. preferably before it does yet another rendition of its signature stupidity.
mircea_popescu: ah, but i don';t mean it re germany specifically. could have said france or italy just as well. what i mean is, that a "rule of law" bureaucratic government with an economic presence is strictly speaking the nazi party irrespective of any consideration, chief on the list what they say or think they want.
wywialm: this view seems to be increasingly more prevalent, lately, in particular in connection to their solving of the recent EU problems
mircea_popescu: the important point, at least to my eyes, is that exactly nothing has changed.
wywialm: well, they once tried that
mircea_popescu: once that changes - they'll take it all. and i don't mean houses and cars, i mean blood and livers. they also have a market value.
mircea_popescu: i am for my needs persuaded that strictly the only reason germany does not today confiscate every fixed good in current possession of its peon population is that the net result is deemed less than continuing with the current nonsense.
mircea_popescu: just as soon as the damage done to a hated third party (here, the russians and especially the saudis) exceeds the damage done to the item itself, it's 100%.
mircea_popescu: actually, in the case of non-sovereign central banks, the claim on assets is VERY strong. recall the case with cyprus ? ( http://trilema.com/2013/time-for-europe-to-repeal-the-us-backed-aml-crap/ )
wywialm: the quality or even existence of those assets are a separate thing
wywialm: yes, it is quite insightful to look at corporate papers as a national currency. Both are composed from a liquidity premium and a claim on some assets. In case of national currencies, the liquidity premium is very large and claim on central bank's assets very weak, but not nonexistent
mircea_popescu: also re http://btcbase.org/log/2016-04-08#1448620 : i suspect that's actually the role corporate paper (generally stocks, or else bonds - corporate bonds being the EXACT equivalent of national currencies, by the way, supported in the same way) plays here.
mircea_popescu: and HAD you found it, it'd have been some family venture ran either by the hardass patriarch that founded it, or else by an exactly cloned son.
mircea_popescu: you'll be hard pressed to find a fiat corp today that is anything but another pirate ; and even fifty years ago you'd have been hard pressed to find a fiat corp that wasn't a sort of bASIC from our friend tom with blood and tears.
mircea_popescu: anyway - back to the scam thing briefly - bitcoin does in fact deliver on its "best economics lab ever devised" role, for they capable and willing to look. the whole "didn't start out as a scam" thing that is pretty much the universal rule of fiat anything, played itself more obviously, more rapidly, in the hands of more naive people less versed in covering it up.
mircea_popescu: and motherfucker this black chocolate with almods thing is to die for.
mircea_popescu: suppose, alternatively, that tomorrow china declares that apple is banned as a terrorist organisation, and no azn corp can do business with them.
mircea_popescu: let's make it even worse. suppose tomorrow its governmental sponsor announces that it is "under investigation" for "violations". you know for a fact they can steal any amount from its coffers, liek they did with say jpm.
wywialm: and these limits are obvious once you start comparing apples and russias
wywialm: of course there are limits to corporate valuation based on marginal transactions and comparison of this valuation to total nominal spending of final goods aka GDP
mircea_popescu: wywialm i sympathize with the "not every asset is a scam angle". but consider say apple. could it buy russia ?
wywialm: but while it is possible that there is only one bullshit (global currency) it is not possible that the number of currencies equals number of economic and political entitites
mircea_popescu: with less integration, the respective bullshits can at least be somewhat measured against each other on the fx markets.
mircea_popescu: but once the market is both predicated on and discerning the bullshit, you have constructed a very unstable circularity.
mircea_popescu: indeed, not all bullshits are made equal ; and supposedly the market might help distinguish. maybe so.
mircea_popescu: maybe. but this suddenly is a different discussion than the lofty place we started.
mircea_popescu: well, from the investor's perspective, "you have to accept that this is bullshit anyway" is the same thing in either case.
wywialm: yes, i'm looking from the investor's perspective (or at least try to)
mircea_popescu: they gotta call it what it is.
mircea_popescu: there's no executive priviledge vested in anyone but myself. if the president of the united states and some low life in niger say the same thing, they ARE the same thing.
wywialm: that's why 'it exposes you to other risks'
mircea_popescu: how come they keep doing it ?!
mircea_popescu: wait, and it's not worthwhile for the social security administration to scam it from you ?
wywialm: in a hyip world, you have to 'invest' something that is at least a bit worthwhile to scam it from you, which means that there is at least one non-hyip asset and holding it without investing is an investment decision. holding this asset (e.g. USD) is not itself risk-free, but insulates you from hyip risk and exposes you to other risks
mircea_popescu: (and for people who aren't in finance and don't follow that trade, perhaps a good primer for the "gaussian copula" lulz is http://trilema.com/2013/why-mpex-is-better-than-fiat-institutions-part-349085-we-dont-use-excel/ seeing how nobody wants to admit or discuss the matter anymore much like the jews forgot all about sabbatai zevi.)
mircea_popescu: this "realize" is of the nature of "you have to understand we love you", ie, entirely devoid of cognitive content. it is a bit of propaganda one has to accept. ok, so they accept it - or don't. fine. what now ?
wywialm: it still works when you realize that you have to invest in something and there is no risk-free asset
mircea_popescu: so in this sense the "split risks so i only undertake what i want to" works well in theory and on paper, but it is in practice always devolved to a luzly idiocy like "the gauss copula", direct equivalent to yesterday's discussion re the problem of computers
mircea_popescu: this splitting works for definedrisks. it can never work when you want to put defined risks in one pile and undefinable risks in the other pile.
mircea_popescu: this is the defense against the risks problem above usually deemed as rational. the problem here is that this in practice always devolves to a sort of "when confronted with the number e, i wish to be insulated from the part past the decimal point and underwrite the part before the decimal point".
mircea_popescu: successful insulation is another way to say economically dead, really.
wywialm: nevertheless, in a very general sense, any action involves taking specific risks and avoiding others. Say, me not invested in S.BBET successfully insulated me from the risk of it going into receivership
mod6: (04:07) <+ben_vulpes> mod6: i have a trashy pdf copy of dodrill's 95 ada instructional material. lmk if you want a copy. << sure! hit me with a link or we can talk in pm if you wanna exchange in other method.
mircea_popescu: wywialm well, the idea is that what people want and what people need rarely meet.
wywialm: yes i am familiar with the censor
mircea_popescu: jurov i have nfi why the peanut gallery got stuck on "0 fee tx", and i have nfi why you particularly wanna paint yourself in those colors, but w/e.
mircea_popescu: the reason was very strictly that, obviously, if you pay ten aurei for a nice purple, and then wear it off, you WILL be ten aureii less rich.
mircea_popescu: wywialm you might be familiar with the unpopular office of the censor in the roman empire. his job was principally to deny women, 2nd class citizens with very little self-expression debuchees allowed by society outside of conspicuous consumption, the use of luxurious products.
mircea_popescu: the immediate correlate of "oh, i can distribute my risk to unknown parties" is, "i'll right now!! put less thought into the matter proportionately". however, whether the risk distribution works or does not work is not actually known, or even computed, now. this impedance causes trouble.
mircea_popescu: but, currently, i am not even convinced the possibility of hedging is actually a wealth increaser.
mircea_popescu: apparently even the slightest insulation from risk is bound to be misinterpreted in the most extensively insane sense. i have nfi how the fed chairman sleeps at night.
mircea_popescu: if anything, the bitbet experience has taught me that i had been erring in the supportive direction, at any rate.
mircea_popescu: i think the intention is for mpex to be neutral.
mircea_popescu: while these facts are exactly that - facts ; the situation remains what it is. lots of people working to fix it, of course, but until it's fixed it's not fixed.
wywialm: also, the interest of a shareholder in a public company is not always in line with the exchange's. And exchange can encourage volume or discourage it.
mircea_popescu: and without a solid protocol there can be no serious interest in cryptocurrency.
wywialm: indeed it does. but without liquid (or at least 'fairly liquid') stocks, there can be no derivatives market on top of them (no hedging available at reasonable price).
mircea_popescu: taking mpex private resolves the last possible avenue for derps to argue about this point.
mircea_popescu: attempting to "create business" from the position of the central bank is both stupid and a doomed enterprise.
mircea_popescu: if one's not happy with the volume thereof, one's only recourse is to start a business.
mircea_popescu: the idea here is that mpex is a strictly correct and strictly complete reflection of bitcoin business, such as it is.
mircea_popescu: another's what he said to the berkshire market maker, ie that if the next trade happens next quarter he'll be happy.
mircea_popescu: well, there's plenty. one went something like "to call a party with low capital and high transacted volume an investor is not unlike calling a guy in a dirty overcoat that stalks women and jacks off a romantic".
wywialm: i'm familiar in general on his views on not having a liquid market available, but cannot recall the quote
wywialm: could you please share what are the plans for MPEx future, besides what has already been revealed at the announcement? in particular, S.MPOE produced majority of volume. Are there any plans to increase the activity on other stocks?
wywialm: ah, ok, similarly to the previous assbot
wywialm: i haven't yet got the hang of deedbot voicing
mircea_popescu: for the republic's store of reaction gifs, in case of need : http://49.media.tumblr.com/560a9088996bebfe3e89c4275dd5aa5b/tumblr_o1god4CWCq1ule9rko1_500.gif
mircea_popescu: davout> ben_vulpes trinque mats ty, fixed. this particular flavour of retardation has been shot in the head << making it the... 5th ? since bitbet receivership brought serious republican scrutiny to franco.is blog ?
gribble: The operation succeeded.
asciilifeform: read the rationale b00kz, understand how and why.