← | Results 5251 ... 5500 found in all logged channels for 'f:mike_c' | →
(trilema) mike_c: i remember 15 years ago coworkers sweating his reviews.
(trilema) mike_c: mircea_popescu: walt mossberg??
(trilema) mike_c: heh, you better be good at it or you won't have any fingers left
(trilema) mike_c: i could only guess at the cab ride. i'm a better cook than benkay but that's about it.
(trilema) mike_c: broken windows my ass
(trilema) mike_c: he doesn't look half as scary as ray kelly did.
(trilema) mike_c: william bratton?
(trilema) mike_c: tapes are $20 / TB. can't beat that with a stick.
(trilema) mike_c: tape backup drives are reasonably fast too.
(trilema) mike_c: yeah, there you go. classic storage device for non-flippin bits.
(trilema) mike_c: that v14 must have been a killer
(trilema) mike_c: lol. this site wants to make sure i am using: Mozilla® Firefox® 10, 11, 12, 13, 15, 19 or 25
(trilema) mike_c: "Wilcox walked past Amanda Miller and confronted her husband. Amanda Miller then fatally shot Wilcox"
(trilema) mike_c: taste decent? i know this guy that gets dirt cheap smokes in canada and they taste like you're smoking somebody else's cigarette after they were done with it.
(trilema) mike_c: but i distinctly remember comparing what i got charged to some of the posted prices in the store and realizing (and not minding) that he was bending me over.
(trilema) mike_c: hmm.. what i paid would tax the memory. but just like drinks and stuff.
(trilema) mike_c: like at local convience store at 3am
(trilema) mike_c: related aside: i got charged 2 to 3x for everything in romania and still felt like i was getting a deal
(trilema) mike_c: pankkake: once we all sign up for circle we won't need the blockchain.
(trilema) mike_c: i'm not worried about fraud, more like bad decisions.
(trilema) mike_c: it probably has good uses, but i wouldn't like bitbets decided by a vote.
(trilema) mike_c: dignork: but then you trusting the crowd of oracles to make the right decision. see rota for examples of that not working so well.
(trilema) mike_c: dignork: what is it?
(trilema) mike_c: that is true.
(trilema) mike_c: you can't own trilema pages. gotta rent them.
(trilema) mike_c: idk, i'm not in the 'everything should be free' camp.
(trilema) mike_c: paying $20 for an ebook means you hate freedom (and children)
(trilema) mike_c: $3 for an ebook sounds like the right price to me.
(trilema) mike_c: why jerk up the 'our work' header?
(trilema) mike_c: it moves around a lot when i click the client boxes
(trilema) mike_c: clicking tozny worked for me
(trilema) mike_c: grab altcoin.foundation. it'll be priceless.
(trilema) mike_c: i don't do contract work. i've got some other insurance covering me, D&O or something
(trilema) mike_c: yes. buffet partnership, ltd bought B/H in 65
(trilema) mike_c: interesting. those aren't the B/H letters, but those look good too.
(trilema) mike_c: which is easier when you are the controlling shareholder.
(trilema) mike_c: hehe. he's actually pretty good about beating himself up.
(trilema) mike_c: interesting because the early years are him digging his way out of his first mistakes (buying a textile company)
(trilema) mike_c: all are worthwhile reading.
(trilema) mike_c: somebody prolly has them posted somewhere if you look around.
(trilema) mike_c: 1965 - 76 aren't online, but the ebook is only $3.
(trilema) mike_c: "i'm feeling lucky" ftw
(trilema) mike_c: with rabies
(trilema) mike_c: ;;seen thickasthieves
(trilema) mike_c: hey nubbins`. how's life.
(trilema) mike_c: catch you guys tomorrow.
(trilema) mike_c: although mp has proposed that ballers swap shares of mpoe like it's cash. which is interesting.
(trilema) mike_c: keep up here, cash = liquid btc
(trilema) mike_c: and "cash" will still be king :)
(trilema) mike_c: ok.. perhaps this will bring our lines of thought closer: in my theoretical model, someone with as much bitcoin as you should absolutely not be 95% invested.
(trilema) mike_c: ok :) fine. so if you assume the people worth talking about all have an enlarged capital base, then we can scope the conversation to that.
(trilema) mike_c: it is the opportunity of a lifetime for the guy with 100k.
(trilema) mike_c: that opportunity is not yours.
(trilema) mike_c: because it is a waste of yoru time.
(trilema) mike_c: with $200b in equity you ignore that shit.
(trilema) mike_c: pizzeria = $100k. will double for 10 years yielding.. $100m
(trilema) mike_c: with a huge capital base you don't even consider the pizzerias
(trilema) mike_c: well, this is kind of my point.
(trilema) mike_c: i am failing to map that metaphor onto our financial discussion.
(trilema) mike_c: why would i expend effort on something that may significantly increase 1% of my base instead of something that will only moderately increase 20% of my base? it would be unprofitable.
(trilema) mike_c: only so much time in the day. it is unprofitable to spend it on endeavors that can't return a reasonable percentage on my enlarged capital base.
(trilema) mike_c: but, not to sidetrack if that wasn't the main point.
(trilema) mike_c: it is not profitalbe to spend my time making 50% on 2m instead of 2% on 100b.
(trilema) mike_c: removed from the world of "profitable options"
(trilema) mike_c: not sure i give you that. different deals are exposed. some are removed.
(trilema) mike_c: fair but foolish, yes.
(trilema) mike_c: you mean 100 vs 20999900? then yes.
(trilema) mike_c: mircea_popescu: and i mean of course not on the betting or investing side.
(trilema) mike_c: of course not
(trilema) mike_c: but it gets more complicated with odds and with multiple wagers/investments.
(trilema) mike_c: if you have a 5% edge, bet 5% of your bankroll
(trilema) mike_c: so, TheNewDeal: kelly says in the simple case (1:1 bet) to bet your edge.
(trilema) mike_c: plus, i'm back.
(trilema) mike_c: i am of course.
(trilema) mike_c: i gotta pop off for 30 mins. back in a bit and will continue if you're still around.
(trilema) mike_c: plus he's 80-something
(trilema) mike_c: i wouldn't want to be him because he's trying to grow a capital base of $200B.
(trilema) mike_c: he owns lots of companies outside US, and the US companies sell more product outside america than inside. US could get wiped off map, and as long as Omaha was left standing he'd be ok.
(trilema) mike_c: let's take a fiat example. warren invests in good companies with durable competitive advantages and global footprints. what's the class risk? he only invests in good companies?
(trilema) mike_c: so i should diversify into "bad returns". hmm..
(trilema) mike_c: i propose doog and kako would still return funds.
(trilema) mike_c: like by some decree?
(trilema) mike_c: so the class risk is that all BTC bizness could go belly up?
(trilema) mike_c: JD is not actually running some elaborate fake movie on its site while secretly running a ponzi.
(trilema) mike_c: heh. pleasure doing business.
(trilema) mike_c: i'm not saying put 95% of your cash in pirate. or in a variety of investments that are all actually putting their money in pirate.
(trilema) mike_c: lots of investors jump off buildings during every crisis cuz they are dumb.
(trilema) mike_c: hm, a madoff investor
(trilema) mike_c: why sit around with a huge cash balance that isn't growing when there are good investment opportunities?
(trilema) mike_c: no, you're invested because no reason not to have your money out working for you
(trilema) mike_c: you mean it would be illiquid?
(trilema) mike_c: it would disagree :D
(trilema) mike_c: my theoritcal model would be 95% invested, yeas
(trilema) mike_c: to be clear (for the last time) we aren't talking about me, but what I would recommend.
(trilema) mike_c: ok. seems like a broad definition, but then yes, i suppose the theoritcal me is invested in securities.
(trilema) mike_c: theoretically JD isn't a security, it's bankrolling a casino.
(trilema) mike_c: hypothetically what do you call panacea? that's not stock and shit
(trilema) mike_c: fire away
(trilema) mike_c: ;;later tell davout if you want to see my warface you have to try and flip the switch on my computer's power strip after i've told you FIFTY TIMES to stay away from it.
(trilema) mike_c: mircea_popescu: comment published.
(trilema) mike_c: ;;ident CryptoConsultor
(trilema) mike_c: TheNewDeal: true.. but i am seeing the same numbers as you. 45 ph/s
(trilema) mike_c: TheNewDeal: mergemining
(trilema) mike_c: ah, proposed
(trilema) mike_c: what is this klye bet you're talking about?
(trilema) mike_c: the blonde bomber better win
(trilema) mike_c: user 798461 last 24 hours: wagered 2,838 lost 565. ouch.
(trilema) mike_c: just curious about how you deal with that kind of thing. must be reasonably common to get scam accused.
(trilema) mike_c: did you offer any kind of evidence or just lean on your rep?
(trilema) mike_c: what did you do about likashing?
(trilema) mike_c: yeah, that was a good one
(trilema) mike_c: 5750 wagered, nicely above average.
(trilema) mike_c: hey dooglus, how's it going. big day on JD today!
(trilema) mike_c: or you can PM him :)
(trilema) mike_c: daniel, he's gone. it's ok.
(trilema) mike_c: it is a very cool thing whose time may have finally come.
(trilema) mike_c: thestringpuller: mayhaps just rolled over 30d. last trade i see in logs is http://log.bitcoin-assets.com/?date=07-05-2014#663257
(trilema) mike_c: yeah.. that is odd
(trilema) mike_c: thestringpuller: there is. couple hundred btc have been sold this period at least
(trilema) mike_c: $vwap x.idiff.jun
(trilema) mike_c: kakobrekla: now that idiff's are relevant, would it be hard to add to add !t m support?
(trilema) mike_c: catholics do that too
(trilema) mike_c: ;;ident handsomesally
(trilema) mike_c: asciilifeform: lol. you need to stitch that as the last frame of your earlier video :)
(trilema) mike_c: thestringpuller: there are safer ways to invest in bitcoin difficulty besides mining companies. like x.idiff. way less chance of scam.
(trilema) mike_c: finally. darwin wins.
(trilema) mike_c: at that point, i will invest in the REIT :)
(trilema) mike_c: plus, $50k is 1 trillion. could end up at 2t, or 5t
(trilema) mike_c: maybe, but maybe the last 10x takes a bit longer. hence crystal ball.
(trilema) mike_c: won't be there by 2016 i don't think.
(trilema) mike_c: so wtf is that.. $50k btc price?
(trilema) mike_c: ;;calc 20000000 / 1e12
(trilema) mike_c: so you say $2 trillion, gold is worth $7 trillion, so let's say btc is going to be worth $1 trillion
(trilema) mike_c: benkay: blockr.io
(trilema) mike_c: that's how much all the gold is worth
(trilema) mike_c: ;;calc 35274*170000*1200
(trilema) mike_c: ;;calc 12864025 * [ticker --last]
(trilema) mike_c: current mkt cap
(trilema) mike_c: obviously $8bn is a joke. it can't stay there.
(trilema) mike_c: what is BTC stabilization point? when do we get there? I don't think 2016
(trilema) mike_c: but my guess is it wouldn't change
(trilema) mike_c: hard to say then.. would need crystal ball.
(trilema) mike_c: mircea_popescu: when would you make the first purchase?
(trilema) mike_c: thestringpuller: i've looked into some. but it's hard to find any worth reviewing.
(trilema) mike_c: and i'd be happy to bitbet back that opinion up :)
(trilema) 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.
(trilema) mike_c: !t h RENT
(trilema) mike_c: and some people buy RENT
(trilema) mike_c: there is a universe available. some people buy t-bills.
(trilema) 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/
(trilema) mike_c: cake is goood
(trilema) mike_c: if you have identified a small set of awesome investments, why would you put money in something else that is worse?
(trilema) mike_c: I used to think bitbet was an investment until halep pranced her way into the finals.
(trilema) mike_c: i wouldn't sink any btc into them
(trilema) mike_c: lots of investments in the world. t-bills are an investment.
(trilema) mike_c: keep your corn.
(trilema) mike_c: oh, nevermind. 1.3 bn in income.
(trilema) mike_c: 40b assets + 23b liabilities, but still, that's impressive.
(trilema) mike_c: it may be an appropriate expense, but still an expense.
(trilema) mike_c: that's fine, but don't tel me that growing corn instead of pot is an investment
(trilema) mike_c: it's a fiat investment, not a btc investment
(trilema) mike_c: right, but if that money could have grown 10x instead of 2x..
(trilema) mike_c: but it's still an expense, not an investment
(trilema) mike_c: what, you got too much time on your hands?
(trilema) mike_c: kinda like using btc to develop quantum computers that destroy btc
(trilema) mike_c: heh, yeah.
(trilema) 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"
(trilema) mike_c: last time it was 50 was mid-march 2013
(trilema) mike_c: btc actually was 50 bux in 2013
(trilema) mike_c: i don't speak spanish, but i doubt that said "10x in a year"
(trilema) mike_c: ;;ident other_mp
(trilema) mike_c: not one person other than mp bet on halep.
(trilema) mike_c: by the way, this fking halep thing exposes another great money maker. Bettors clearly undervalue low probability events.
(trilema) mike_c: yeah, another 20 years and she will be the lucky one :)
(trilema) mike_c: just sayin.. i married up.
(trilema) mike_c: my wife was miss-her-high-school.
(trilema) mike_c: yeah. but uber has some possibilities because they aren't fucking sharing photos. they are selling taxi rides.
(trilema) mike_c: clearly you have staff in france.. top 3 seeds out at garros?? halep in the finals??
(trilema) mike_c: not what it's worth, i was just saying they've put in more work than most.
(trilema) mike_c: are you fking kidding me. halep in the finals??
(trilema) mike_c: obv not drivers
(trilema) mike_c: you don't think they have their own staff all over the place?
(trilema) mike_c: they have to fight the taxi commission everywhere they go
(trilema) mike_c: uber has done more than most. getting operations in place in so many cities/countries is not trivial.
(trilema) mike_c: ;;calc (1 / 2000000) + 0.00021697
(trilema) mike_c: no one told them that triple A mortgage bonds were worthless.
(trilema) mike_c: they didn't even get metal bars
(trilema) mike_c: i don't know what OneFixt is, but thanks!
(trilema) mike_c: that is actually funny.
(trilema) mike_c: must be humming at the right frequency.
(trilema) mike_c: oh, interesting. animal kingdom becomes interested after sola arrives.
(trilema) mike_c: w00t. thx kako.
(trilema) mike_c: omg. this was FOUR HOURS before the confession:
(trilema) mike_c: this guy is canadien, right? why do all these idiots sound like yoda? "Terribly saddened I am by what has gone on."
(trilema) mike_c: it has been scientifically proven that people believe they play better when tipsy. so drink up.
(trilema) mike_c: thank you assbot, for keeping me from clicking that link.
(trilema) mike_c: get yer buy on!
(trilema) mike_c: srsly though, mpif nav is about to bust through the asks on the order book.
(trilema) mike_c: well, at least the money ended up in mpif.
(trilema) mike_c: BingoBoingo: plus it's gotta take significant years off your life even if it doesn't kill you in office.
(trilema) mike_c: (and i'm just kidding)
(trilema) mike_c: but it depends on the model of motherboard
(trilema) mike_c: silence = nic. beeeep bip beeep = memory. beeeeep beeeeep beeeeep = power supply
(trilema) mike_c: that means it's the NIC.
(trilema) mike_c: BingoBoingo: that's just the published wages though
(trilema) mike_c: 20 year old dells have those too
(trilema) mike_c: what was the culprit?
(trilema) mike_c: clearly the additional hardware installed on your motherboard during transit is having side effects
(trilema) mike_c: you called?
(trilema) mike_c: btcalpha - our motto is: never more than two months late.
(trilema) mike_c: excellent choices. what do you work on?
(trilema) mike_c: what do you do sedeki?
(trilema) mike_c: this is what you get for moving out of the city
(trilema) mike_c: you need a hobby :)
(trilema) mike_c: ah, that is above the new share block.
(trilema) mike_c: ;;calc 0.0002158 * 1.01
(trilema) mike_c: isn't your constraint 1%?
(trilema) 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.
(trilema) mike_c: then you have an easy job :)
(trilema) mike_c: BingoBoingo watched paint dry last month. it was the right thing to do.
(trilema) mike_c: 40 years worth so far. 10 more to go.
(trilema) mike_c: <back on soapbox> if you have good shareholders, why do you want them leaving? (i.e. selling)
(trilema) mike_c: </soapbox>
(trilema) mike_c: not to keep sticking my nose in when you keep asking TaT, but i don't think more volume should be a goal.
(trilema) mike_c: because present value of future cash flows counts.
(trilema) mike_c: intrinsic value != nav
(trilema) mike_c: you profit when people want to trade away from the asset's intrinsic value and you allow them to.
(trilema) mike_c: this being the goal of a good market maker, not a wall street huckster.
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