log☇︎
288 entries in 0.332s
BingoBoingo: <BlueMeanie4> so to have something that is so radically new, you need to have something that is radically detailed as well << No, this is reactionary, a return to principles more basic than any Tea Partier in a costume can imagine
decimation: BlueMeanie4: you realize your argument of "all the cool countries do it" is not convincing?
mircea_popescu: BlueMeanie4 if your system worked we wouldn't be here.
mircea_popescu: <BlueMeanie4> this gold back currency people are most ppl with no real economics background who believe they have some 'fix' to our economic problems << you know you're repating this like it's the hail mary of your faith.
TheNewDeal: BlueMeanie4 you offering call options?
asciilifeform: BlueMeanie4: if city hall were to bring in a truck full of wooden coins, would this cause the requisite trainload of produce to materialize ?
asciilifeform: BlueMeanie4: point was a question. how does it follow that a 'flexible' currency supply is a useful thing?
mircea_popescu: <BlueMeanie4> wow that is- AT BEST- a radical view of economics, but more accurately just cluelessness << no, it's a radical view alright.
asciilifeform: BlueMeanie4: see also 'hawala' in moslem world, 1000+ yrs.
asciilifeform: BlueMeanie4: no one, afaik, finds this particularly offensive. but how does it follow that the farmers will require a growing supply of the wooden coins?
mircea_popescu: <BlueMeanie4> they are not places you would want to live << amusingly, the state says this of anarchy all the time. yet i've lived in anarchy and much prefer it to any kind of currently available state.
asciilifeform: BlueMeanie4: this is not an uncommon thing, and exists even here in usa (my local vegetable merchants at the market often trade with each other in primitive wooden coins they've agreed on)
asciilifeform: BlueMeanie4: your story concerned a town which printed its own internal currency, yes ?
decimation: BlueMeanie4: your story of paupers proves nothing. if they had to skills to bulid houses, they have the skills to earn money to build houses
asciilifeform: BlueMeanie4: nothing stops a btc user from lending to another
bats_cd03: maybe we should rewind and assign a reading list. have you read keynesian theory, BlueMeanie4?
decimation: BlueMeanie4: a world without loans would be far more rational in its allocation of wealth
nubbins`: <+BlueMeanie4> but the money and debt allowed them to be specialists <<< you're 100% misunderstanding what happened, by virtue of trying to view it in the wrong frame of perspective.
asciilifeform: BlueMeanie4: loans are available - here. though not to everyone who asks.
nubbins`: <+BlueMeanie4> no but creating lets say mortgages does make people wealthier
mircea_popescu: BlueMeanie4 how do you know it's not your understanding of how money works that's the problem ?
asciilifeform: BlueMeanie4: all that remains is to ask you - if you believe 'hard money' to be a heresy, why are you here? and not in '#dollar-assets'
mircea_popescu: i guess he doesn't wanna addres it, but let's take a stab anyway. BlueMeanie4 suppose two people wanted to fuck, and both liked to fuck. in scenario A, they fuck. in scenario B, they exchange obligations to fuck, then fuck.
BingoBoingo: <BlueMeanie4> but the money and debt allowed them to be specialists << Fraternities at universities do this without the debt. With beer, a good, they manage to trade the good for pledge's dignity.
mircea_popescu: BlueMeanie4 okay, how would the proof that what i say is actually correct and your view mistaken look to you ?
mircea_popescu: BlueMeanie4 no, but it's not a fair representation of what happened.
decimation: BlueMeanie4: do you think a finite supply of money is sufficient?
mircea_popescu: BlueMeanie4 he's inquiring if you're trying to create or redistribute value.
mircea_popescu: BlueMeanie4 you know, three years ago half of all btc trade happened on otc. 90% ish of the rest was on mtgox.
asciilifeform: BlueMeanie4: is your (or mine) inability to answer this question with a definitive number (x kg, y usd, etc.) a 'problem' ?
mircea_popescu: BlueMeanie4 it's an otc market. you don't get to know anything the participants don't choose to share.
asciilifeform: BlueMeanie4: how many contracts for the purchase of, e.g, gallium, were written today?
mircea_popescu: BlueMeanie4 ever seen http://bitcoin-otc.com/vieworderbook.php ?
BingoBoingo: BlueMeanie4: Don't worry too much about this distinct IRC phenomenon where the channel carries on as many simultaneous conversations as the participants allow.
mircea_popescu: BlueMeanie4 no, and what's worse i don't see a way to translate your formulation of what's a problem in fiat marketplaces into ap roblem here.
mircea_popescu: BlueMeanie4 how would such a party have such an ability ?
BingoBoingo: BlueMeanie4: I'm just curious because my Mac SE/30 was useful until rather recently running a decently modern Unix until physical failure.
mircea_popescu: BlueMeanie4 you'll have to at least build a theoretical model showing how this attack'd work. kinda how it's done.
BingoBoingo: BlueMeanie4> i dont know << When's the last time you used your Apple II for a modern task?
mircea_popescu: BlueMeanie4 "seems" ? how does it so seem ?
mircea_popescu: BlueMeanie4 what's your idea of "serious trafic" ?
BingoBoingo: BlueMeanie4: What was you favorite computer you ever owned?
mircea_popescu: <BlueMeanie4> this is also a problem with Bitcoin, and thats why Counterparty cant be used for anything serious << this high speed thing is an unresolved problem in many ways.
asciilifeform: BlueMeanie4: 'usability' << we're using it. and it appears - you are, too. so what kind of 'usability' is lacking ?
BingoBoingo: BlueMeanie4: I think a problem is you are confusing particular contracts and contracts in general
BingoBoingo: BlueMeanie4: A disctinct advantage of IRC is its robustness, DDOS'ing even aggressively at best interupts parts or the network rather than killing it.
asciilifeform: BlueMeanie4: 'to criticise is to volunteer.' suggest your variant.
mircea_popescu: BlueMeanie4 then i don't like you and ddos your system. what now ?
asciilifeform: BlueMeanie4: use telex if you like. still gotta prove you own the private key
BingoBoingo: <mircea_popescu> BlueMeanie4 well we all use automation so it's not that fresh in head :) << I do it by hand
gribble: You are now authenticated for user BlueMeanie4 with key DCB374BF51587535
gribble: Request successful for user BlueMeanie4, hostmask BlueMeanie4!~chatzilla@ip-64-134-220-97.public.wayport.net. Get your encrypted OTP from http://bitcoin-otc.com/otps/DCB374BF51587535
BlueMeanie4: ;;eauth BlueMeanie4
mircea_popescu: BlueMeanie4 well we all use automation so it's not that fresh in head :)
BlueMeanie4: ;;everify BlueMeanie4
mircea_popescu: you first go ;;eauth BlueMeanie4
mircea_popescu: you first go ;;everify BlueMeanie4
mircea_popescu: BlueMeanie4 keep your cool and think of it ths way :
BingoBoingo: BlueMeanie4: I have degrees in Philosphy and preventing rot in bound volumes
BlueMeanie4: ;;everify BlueMeanie4 freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
asciilifeform: BlueMeanie4: everify yournickname thatstringstartingwithfreenode
mircea_popescu: BlueMeanie4 you gotta do the ;;eauth party ourself too!
mircea_popescu: BlueMeanie4 no name needed. take it out.
BlueMeanie4: ;;everify BlueMeanie4 freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
gribble: Request successful for user BlueMeanie4, hostmask mircea_popescu!~Mircea@pdpc/supporter/silver/mircea-popescu. Get your encrypted OTP from http://bitcoin-otc.com/otps/DCB374BF51587535
mircea_popescu: ;;eauth BlueMeanie4
gribble: Nick 'BlueMeanie4', with hostmask 'BlueMeanie4!~chatzilla@ip-64-134-220-97.public.wayport.net', is not identified.
mircea_popescu: ;;ident BlueMeanie4
mircea_popescu: !up BlueMeanie4
mircea_popescu: BlueMeanie4: also Mircea - you dont like Preston Bryne? << if i can be arsed to try and teach someone to read it can scarcely be argued i don't like them.
mircea_popescu: BlueMeanie4 listen : ident with gribble, let's walk you through this self upping thing.
gribble: Nick 'BlueMeanie4', with hostmask 'BlueMeanie4!~chatzilla@ip-64-134-220-97.public.wayport.net', is not identified.
mircea_popescu: ;;ident BlueMeanie4
mircea_popescu: BlueMeanie4 if slime molds are animals ima make buenos aires my spirit animal.
mircea_popescu: !up BlueMeanie4
mircea_popescu: BlueMeanie4 well that's why i gave you that rota reference. nobody o.O after the attempt at a public court thing failed miserably.
mircea_popescu: BlueMeanie4 aww.
mircea_popescu: BlueMeanie4 tell mpoe-pr that :D
BitMarmot: BlueMeanie4 I tend to give people the benefit of the doubt on character, but go ruthless on the facts
mircea_popescu: BlueMeanie4 not all people, no. if people valued candor there'd be a blowout sale on penis aids.
mircea_popescu: BlueMeanie4 well he did say codewise.
BitMarmot: BlueMeanie4 thanks! I saw.
BitMarmot: Thanks BlueMeanie4 - I do this for a living so looked at BitShares for 20 minutes and was like, "does not compute"
mircea_popescu: BlueMeanie4 if you id with gribble and pm assbot !up you can just up yourself.
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user BlueMeanie4: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=BlueMeanie4 | WoT data: http://b-otc.com/vrd?nick=BlueMeanie4 | Rated since: Tue Aug 26 15:52:35 2014
mircea_popescu: ;;gettrust assbot BlueMeanie4
mircea_popescu: !up BlueMeanie4
mircea_popescu: BlueMeanie4 well it's not necessarily defined, but to me gypped is the inverse process : when some lout appropriates capital he shouldn't have.
mircea_popescu: BlueMeanie4 you ever read up on the fabulous adventure of teh rota ?
gribble: Rating entry successful. Your rating of 1 for user BlueMeanie4 has been recorded.
mircea_popescu: ;;rate BlueMeanie4 1 Marx sez : never trust a capitalist.
gribble: Nick 'BlueMeanie4', with hostmask 'BlueMeanie4!~chatzilla@ip-64-134-220-97.public.wayport.net', is identified as user 'BlueMeanie4', with GPG key id DCB374BF51587535, key fingerprint 1FD273800859479EAE7577ADDCB374BF51587535, and bitcoin address None
mircea_popescu: ;;ident BlueMeanie4
mircea_popescu: !up BlueMeanie4
mircea_popescu: BlueMeanie4 yes, actually.
mircea_popescu: BlueMeanie4 well it doesn't help that he doesn;'t really know the common terminology.
xmj: BlueMeanie4: which is what I understood danielpbarron meant.
xmj: you know BlueMeanie4
dignork: BlueMeanie4: if you want existing future contract see here: http://mpex.co/?mpsic=X.EUR
kakobrekla: !up BlueMeanie4