mike_c: asciilifeform: lol. you need to stitch that as the last frame of your earlier video :)
asciilifeform: BingoBoingo: on the contrary, i should like to tame this one. he likes to sit in the window box (once contained plants) near my work room.
benkay: just lay odds on diff bets as soon as they appear
assbot: imgur: the simple image sharer
BingoBoingo: asciilifeform: I guess feline disassembly and analysis isn't warranted until it catches another defective flybeast...
mike_c: thestringpuller: there are safer ways to invest in bitcoin difficulty besides mining companies. like x.idiff. way less chance of scam.
mircea_popescu: "60 Religion Protects You From Bad Science --Medicine, Expert Problems, and the Rationality of Temples" quoth taleb.
asciilifeform: haven't found any remains, so not 100% sure. but thick & contented cat now sitting on the shit perch.
asciilifeform: in other news, persistent bird finally appears to have ended up at end of the line - in cat.
mike_c: at that point, i will invest in the REIT :)
mircea_popescu: or, amusingly, at the point where 1 inmueble goes for 1 btc
mike_c: maybe, but maybe the last 10x takes a bit longer. hence crystal ball.
mike_c: won't be there by 2016 i don't think.
mircea_popescu: 20x world gdp seems the measure to me
mike_c: that's how much all the gold is worth
mircea_popescu: "it was only sometime between 1910 and 1912 ...that a random patient, with a random disease, consulting a doctor chosen at random, had, for the first time in the history of mankind, a better than 50-50 chance of profiting from the encounter."
benkay: is there a gribble command to get issued coins?
mike_c: obviously $8bn is a joke. it can't stay there.
mike_c: what is BTC stabilization point? when do we get there? I don't think 2016
mircea_popescu: what, it just goes to the moon perpetually ?
mike_c: hard to say then.. would need crystal ball.
mike_c: mircea_popescu: when would you make the first purchase?
mircea_popescu: how about the next five years ?
mircea_popescu: mike_c couple of years is no concern, i don't see how one could fit all the required research in one year.
mike_c: thestringpuller: i've looked into some. but it's hard to find any worth reviewing.
mike_c: all I'm saying, is that if you create a BA REIT, it will decline in BTC value over the next couple years.
mike_c: there is a universe available. some people buy t-bills.
mircea_popescu: consider : if only the things that you'd invest in existed, what would you do for food ?
mircea_popescu: well, because if there isn't a universe available and everyone rides on thesame pole we'll sink.
assbot: The problem of too much money pe Trilema - Un blog de Mircea Popescu.
mike_c: unless of course, you have too much money. in which case I recommend reading this article: http://trilema.com/2012/the-problem-of-too-much-money/
asciilifeform: ThickAsThieves: no useful src there (for core)
other_mp: mike_c sometimes i suspect your investment philosophy is roughly the equivalent of the kid that'll only eat cake.
BingoBoingo: ADM basically runs on the Uber model, little actual infrastructure (a few hub) and a lot of subcontractors.
mike_c: I used to think bitbet was an investment until halep pranced her way into the finals.
mike_c: i wouldn't sink any btc into them
mike_c: lots of investments in the world. t-bills are an investment.
gribble: ADM: Home: <http://www.adm.com/>; ADM: Careers: <http://www.adm.com/careers/Pages/default.aspx>; Archer Daniels Midland - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Archer_Daniels_Midland>
benkay: ibid the memory-ing
asciilifeform: (what's there now?)
asciilifeform: afaik the nazitowns weren't walled in
other_mp: trying to explore this theory.
other_mp: perhaps had the whole thing been managed by a corp into which the inerested parties could buy interest
other_mp: theory being that the real estate problems of san francisco today result from poor historical management
other_mp: yes. silicon is on the outs.
asciilifeform: hurting the very thing that made it possible << thermodynamics suggests that this is kinda inevitable for just about anything worthwhile
other_mp: mike_c especially cxonsideringthe sinergies involved. a successful plata valley would by and of itself drive up btc price, hurting the very thing that made it possible
other_mp: you should see the jewish section btw.
asciilifeform: isn't ar one of those places where they love expropriation/dekulakization?
other_mp: it doesn't cost you 20 dollars/sqft to acquirethe space.
benkay: there is the thing called buying the hole, where you buy a building or some fraction thereof during/prior to construction for some 30% discount. whether or not the position is liquidatable later, i cannot speak to.
benkay: my intel suggests that residential is not a good play. not enough buyers to support the market, too much inventory to support rents at a rate that accomodates inflation, plus buyers favor newer properties over anything else
mike_c: to put this in perspective. it's August 2013. price is $100. "the price was $240 in april, hasn't moved in months"
other_mp: more interested to settle theprinciple first, then maybe more canbe squeezed from such optimisations
other_mp: i don't know enough about the market to even guess.
benkay: residential, other_mp ?
other_mp: http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=360&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& << admirable how glued to 100 it stayed, after the april events.
other_mp: what does the esteemed chan think, mike_c, fluffypony, los_pantalones : am i fucking insane to contemplate a ba real estate investment vehicle for btc ?
other_mp: basically, they had 2.5k building sales in april for an average value per building of
other_mp: so from my local newspaper (which helpfully includes three pages of stock and equity listings, you should see these things) :
asciilifeform: BingoBoingo, mike_c: transformer/bird hypothesis: beautiful, but one problem. wrong room.
asciilifeform: either that or mp has defective u.s. implant and i have a defective nsa camerabird.
gribble: CAUTION: irc nick differs from otc registered nick. Nick 'other_mp', with hostmask 'other_mp!~Mircea@190.172.18.16', is identified as user 'mircea_popescu', with GPG key id 8A736F0E2FB7B452, key fingerprint 6160E1CAC8A3C52966FD76998A736F0E2FB7B452, and bitcoin address None
mike_c: ;;ident other_mp
asciilifeform: mircea_popescu, other_mp: ...board ignores atx shutdown << cpu is stopped
other_mp: hm, so you can actually have multiple accounts id'dasthesame gpg id ?!
benkay: re uber: it's the perfect way to roll out a robo-fleet
asciilifeform reads logs, no doubt missed all the good stuff
mike_c: not one person other than mp bet on halep.
mike_c: by the way, this fking halep thing exposes another great money maker. Bettors clearly undervalue low probability events.
mircea_popescu: except... she wasn't going there.
mike_c: yeah. but uber has some possibilities because they aren't fucking sharing photos. they are selling taxi rides.
mircea_popescu: here's a true story. when i was in hs they had a sort of homecoming thing, picking teh prettiest chick at the party. as a personal favour, tehy were going to proclaim the chick i went with miss our highschool.
mircea_popescu: mike_c, i just tend to bet on the right tits.
mike_c: clearly you have staff in france.. top 3 seeds out at garros?? halep in the finals??
mircea_popescu: but you know, coca-cola (100bn in assets or so) has... factories all over the place.
mircea_popescu: most just get the ap and aws instances.
mike_c: not what it's worth, i was just saying they've put in more work than most.
mircea_popescu: i also have my own staff all over the place
mircea_popescu: <mike_c> you don't think they have their own staff all over the place? << perhaps you grossly overestimate what that's worth.
Apocalyptic: It reminded me of mircea when I heard the news
mike_c: are you fking kidding me. halep in the finals??
BingoBoingo: Sure, they have a call center.
BingoBoingo: Paying them to expand
assbot: UBER UBER ALLES: Investors value ride app at $17 BEEELLION The Register
fluffypony: http://www.theregister.co.uk/2014/06/06/backers_buy_in_to_uber_at_17_beeellion_valuation/
mike_c: no one told them that triple A mortgage bonds were worthless.
jurov: how's that? they bought shitty bonds for 3.5trn?
FabianB: i mean i used the wrong word
FabianB: makes sense to eat a loss for the smaller part, gotta think about it why fractional reserve is needed when you have too much capital anyway
mircea_popescu: sadly i lack a cutter shop in this part of the world, so we'll never know if mike_c had it and the mobos had stuff added.
mircea_popescu: (that's a summary. the reality is more complex but not substantially different)
FabianB: anyone understands the mechanics behind fiat banks parking big integers at the ecb and why they would pay a fee for it? is storing these integers in their own systems more expensive?
mike_c: they didn't even get metal bars
assbot: We can neither confirm nor deny that this is our first tweet.
assbot: Twitter / nowthisnews: For the first time in history ...
mike_c: must be humming at the right frequency.
BingoBoingo: asciilifeform: Is it possible your flying problem beast suspects the transformer is either a buffet, or porn?
kakobrekla: mike did the heavy lifting
assbot: Xanadu Software Released After 54 Years In the Making - Slashdot
BingoBoingo: http://tech.slashdot.org/story/14/06/06/1757210/xanadu-software-released-after-54-years-in-the-making
mircea_popescu: As stated before I will continue to pay out dividends to all invested. Thoughts of suicide have crossed my mind more than a few times in the past week but I am unable to leave my investors high and dry due to my lack of control."
mircea_popescu: halmark of the forum ceo : does thinks he had no intention of doing.
mircea_popescu: It was never my intention to use the funds as I did, I had plans and budgets developed for them."
mircea_popescu: "To all investors, I sincerely appologize for misusing the funds you have trusted me with.
benkay: "recuperate the funds"
mircea_popescu: "well i have a lots of tattoo the wings is spreading all over my chest and make it more bigger than the actual size and its very painful specialy when the needles hit my upper cleavage all the way down to the half of my boobs "
BingoBoingo: Anyone else remember the KingofSPorts lolcow who got 1BTC from dooglus for writing a confessional about his gambling everything all the time and landing in rehab?
mike_c: omg. this was FOUR HOURS before the confession:
mike_c: this guy is canadien, right? why do all these idiots sound like yoda? "Terribly saddened I am by what has gone on."
BingoBoingo: Seriously just buy ~$1000 in chips to just sit in front of you and play with a $100 bankroll from that pile. And watch the drinks come in.
mike_c: it has been scientifically proven that people believe they play better when tipsy. so drink up.
BingoBoingo: fluffypony: The point of casino blackjack is to try to lose less money while getting the complimentary drinks that you would have spent on the drinks.
BingoBoingo: fluffypony: You miss the point of casino blackjack
fluffypony: and as I sat at the table I was like "what in actual fuck. this is such a scam"
fluffypony: went and drew another $300
fluffypony: and then lost it all
fluffypony: I tried gambling when I was younger - read a bunch of books on playing Blackjack, played a whole lot of games against the computer, and then went to the casino with my $300
kakobrekla: in the spirit of previous killing babies convo, you should send newbs directly to just-dice and see who comes out alive
BingoBoingo: I swear the most useful side effect of recommending a 6 month reading and waiting period is to sort out the fucking Dice addicts.
kakobrekla: "yo bitch! wanna make some motherfuckin'* money ? " *virtual
fluffypony: "Most of which were used to purchase miners or cashed out and spent on drinks and VLT gambling at a local pub where I was attempting to get the waitresses to come work for me."
mircea_popescu: "yo bitch! wanna make some motherfuckin' money ? "
mircea_popescu: so he's going to continue pestering the waitresses.
fluffypony: what in fuck is wrong with these people
BingoBoingo: The feeling was worse than anything you could possibly imagine.. Akin to losing a family member or worse." -MrKlye
BingoBoingo: My feeble attempts to recover the BTC were met with tears shortly after it sunk in what I had just done.
BingoBoingo: This was all in vain however, I watched my balance drop like a stone in a pond.. I remember as the balance hit zero..
BingoBoingo: Frantically I began betting with the 10 BTC... Trying to recoup the loses I had just endured..
BingoBoingo: It crashed.. I went from 24 BTC down to 10 before I even stopped hitting the "lo" key on my martingale.
BingoBoingo: "Suddenly everything I had been planning, all of what I was working towards, All of the investment I had sworn to use for good..
mike_c: well, at least the money ended up in mpif.
pankkake: actually I remember a bug with NICs, where you had to unplug the computer for a few minutes to fix it (because it would force firmware reloading)
jurov: but then, mircea is safe in BA
jurov: i'd think there's agreement against top honchos of earth to be in one place
jurov: BingoBoingo: today the potus was in normandy on 70th anniversary, with putin, merkel, queen elizabeth and everyone, live tv.. i thought it would be the best setup for alien strike, but sadly nothing such happened
mircea_popescu: mike_c, are you serious ?! who even cares if the on board lan card works ?!
BingoBoingo: mike_c: You also have to consider the 18% workplace mortality rate...
mircea_popescu: what do you mean it's the nic ?!
chetty: well I had silence too, before I hooked up the speaker for that
mike_c: that means it's the NIC.
mike_c: BingoBoingo: that's just the published wages though
BingoBoingo: "Several years ago, I came across a ranking of careers based on overall desirability. "President of the United States" was somewhere in the lower-middle of the pack, because it offers the most power and prestige, but also has the highest workplace fatality rate, terrible job security, brutal hours, and relatively low wages given what presidential-type people could earn on the open market."
fluffypony: the Intel Blue Hills boards in our experimental rigs have a little 2 character LCD display
pankkake: one of the reasons I keep plenty of spare hardware
pankkake: some high end motherboards now have a status display - much easier to check for errors than beeps
mircea_popescu: i even tried to attach the speaker, but it makes no sound
pankkake: I think I've had a hard drive block the boot, but it was even preventing the PSU from powering on
pankkake: I don't remember wether it was a card or a hard drive
mircea_popescu: and once the board is bare ?
mike_c: what was the culprit?
pankkake: had to remove stuff until I found the culprint
BingoBoingo: Or perhaps the desired effects, maybe some sort of "Annoyotron" is hooked up to a JTAG port.
mike_c: clearly the additional hardware installed on your motherboard during transit is having side effects
mircea_popescu: meanwhile other board won't see any harddrives. because fuck you, who said a board should see hard drives ?
mircea_popescu: i mean what, the ite chip blew overnight out of loneliess ?
mircea_popescu: but for another thing, what sort of failure mode is this you tell me ?! fans spin, on both cpu and vid card, but monitor reports no signal and board ignores atx shutdown
mircea_popescu: who the fuck ever heard of this.
mircea_popescu: motherfucker.
BingoBoingo: fluffypony: It is a market, not a democracy. If you want to vote to to the BitBet comments like everyone else.
BingoBoingo: I guess I provide some a five minute warning on an announcement concerning the sitting on the hands matter
kakobrekla: nsa then.
jurov: they are even slower than me
sedeki: i'd rather not disclose my full time job no
jurov: just switch to turbogears. no such nonsense there :D
sedeki: nothing at the moment
gribble: Currently authenticated from hostmask sedeki!~textual@unaffiliated/sedeki. Trust relationship from user assbot to user sedeki: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=sedeki | WoT data: http://b-otc.com/vrd?nick=sedeki | Rated since: Thu Nov 15 20:15:51 2012
assbot: La Maison du Bitcoin hosts the first French bitcoin hackathon
kakobrekla: still on the job?!
pankkake: so the fucker is going to keep a nice profit for himself
pankkake: there's no indication of how much will be refunded
punkman: fluffypony: who did the voiceover? not bad
assbot: The Lilac Breasted Usagi Bird - YouTube
asciilifeform: if it's an avian cyborg warrior of the fuhrer, it's doing a piss poor job of being inconspicuous.
fluffypony: it's a persistent little shit, then
mike_c: this is what you get for moving out of the city
fluffypony: I have one - I wrote the script
asciilifeform noticed that bird is still at work - and beginning to destroy expensive mosquito nets, tearing with beak, shitting continuously. i go out and set five mouse traps on its shit perch plank. two minutes later: unrelated bird whacked. i pick up carcass to throw to the kittehs, it comes back to life & rockets away, leaving glove full of feathers.
ThickAsThieves: "In the four months he's been on the move, he's shed 72 pounds, met all sorts of people, and been daunted by the thousands of miles ahead."
ThickAsThieves: lemme know if you need help with the logo ;D
jurov: it will use freenet to ensure we can't learn anything about the customers even under rectothermals
ThickAsThieves: well then i should stop imposing
ThickAsThieves: as much as i have spoken against colored coins, i have come around to seeing how they'll probably have a place
ThickAsThieves: right now coinprism has a wallet and people can ipo, but there;s no exchange
ThickAsThieves: or integration with other stock exchanges
ThickAsThieves: i'd lean towards expansion into other less-mpexy services
jurov: did you ask mp for it? you know wat are the conditions?
jurov: why not? X.EUR + margin could replace the former options
ThickAsThieves: i'm not sure it'd be the solution at this time really
jurov: the thing i think would help most, would be to offer margin.. but i don't feel like going into such alone and did not find anyone suitable yet
mike_c: ah, that is above the new share block.
jurov: so 2% toether
mike_c: at some point a significant holder will want to get out, or a significant buyer will want to get in. jurov will be there waiting.
mike_c: then you have an easy job :)
ThickAsThieves: but their frequency is low here
mike_c: BingoBoingo watched paint dry last month. it was the right thing to do.
mircea_popescu: ThickAsThieves, it's always dangerous to imagine things will forever go the way they went the past month.
ThickAsThieves: or otherwise watching paint dry
mircea_popescu: anyway, take the ethical end of it : would you rather have drug addicts use clean needles or w/e they can find in hospital garbage ?
jurov: okay, so.. if the orderbook/volume keeps staying like this, i'll just get long
ThickAsThieves: no one said you want them selling or leaving
mike_c: <back on soapbox> if you have good shareholders, why do you want them leaving? (i.e. selling)
Blazedout419: the mighty sky people...
ThickAsThieves: hmm i havent paid attention to it, but i will say i think your goal is to make money while following the rules, nothing more
Blazedout419: oh you believe in that crap then?
diametric: danielpbarron: well I should say, they'll go to heaven.
diametric: danielpbarron: so at the time, when being gay was a capital offense, and killing a gay person was legal, if a Christian killed a gay person in Uganda, and believed, they're in heaven right?
ThickAsThieves: <+jurov> ThickAsThieves: there? --- mostly
assbot: Uganda Anti-Homosexuality Act, 2014 - Wikipedia, the free encyclopedia
mircea_popescu: mike_c, there's also some interest to allow people be served.
diametric: danielpbarron: killing gays in uganda is legal, so people slaughtering them still have a ticket to heaven?
mike_c: you profit when people want to trade away from the asset's intrinsic value and you allow them to.
mike_c: this being the goal of a good market maker, not a wall street huckster.
mike_c: lots of trading volume is not a good thing, or the goal of a market maker. goal of a market maker should be to keep the price near the intrinsic value of the asset.
diametric: danielpbarron: its still the law, and jesus says you should follow the law, how is that not clear?