1016800+ entries in 0.681s
mircea_popescu: a company is entitled
to make an item, use it, sell it, whatever
they want.
midnightmagic: mircea_popescu:
The owners owning cars is a false analogy.
midnightmagic: mircea_popescu: ..
there's only so many bitcoins released every 10 minutes.
Diablo-D3: midnightmagic: its a glorified mining contract
that sells hardware.
midnightmagic: Or are you
trying
to
tell me it's really just a glorified mining contract?
Diablo-D3: midnightmagic: erm, Im paying friedcat
to mine for me
Diablo-D3: and friedcat owns like 15 or 20% or some shit like
that
midnightmagic: And it's irrelevant
that
the shareholders are
the ones financing
the practice,
that doesn't change a
thing.
Diablo-D3: they're using
their own SHAREHOLDERS money against
them
midnightmagic: *using*
their own customers money against
then
thereby.
midnightmagic: No, it means asicminer's non-device-selling activities are destroying
the maximum potential value of
their own devices, AND
they're in a conflict of interest because
they're competing directly with
them for a slice of
the available btc pie.
Diablo-D3: if _anyone_ is mining,
the devices are worth less
midnightmagic: The devices
they are selling are for customer use. If
they are mining,
the devices are worth less.
Diablo-D3: that farm
that
they're building is for shareholder use.
midnightmagic: I am not acknowledging its correctness, I'm saying it's irrelevant whether
that is
true or not.
Diablo-D3: so... hes... not allowed
to buy his own product?
midnightmagic: I'm failing
to see how
that is a counter-example
to my point.
Diablo-D3: its no different
than if friedcat bought
them for himself and mined
to himself
Diablo-D3: I dont see whats wrong with
that strictly
midnightmagic: That's competing with
their own customers, using
the profits from customers buying
their devices
to power
their devices, and likely grow
their personal mining farm
totally in secret.
Diablo-D3: midnightmagic: I dont
think
they're going
to maintain a perm farm
midnightmagic: No,
they're contemplating mining past
that and growing
their personal mining farm
to 50TH. Or, at
the very least,
they're not going
to suddenly stop mining with
their 12TH, which reduces
the value of
the asic devices
they sell.
Diablo-D3: they're going
to mine with early units
to repay investors and sell
the rest
Diablo-D3: I
think you're confused about how asicminer is operating
midnightmagic: I'd also like
to point out
that I'm one of
the very few people who doesn't
think you
tried
to do something naughty with usagi and
that nefario freezing your shares was a dick move.
midnightmagic: The conflict appears
to be arising because you seem
to have backed an anticompetitive horse and I
think
they're going
to get stomped by
the bitcoin devs.
midnightmagic: Also, I'm not
trolling you. Either you know something you aren't
telling, or you don't. Either way it doesn't change what I'm going
to do: all it changes is you're pretending
to know something
that's impossible
to verify (show me da unicorn) or not.
midnightmagic: Say he did "copy" even
the design of
the asicminer, as you are implying. Why wouldn't I prefer
to put my money with ngzhang when asicminer is going
to mine against
their own device customers, with
the money
their customers use
to buy
their devices?
Diablo-D3: did your jimmies get rustled over
the fact I know more
than you do?
Diablo-D3: midnightmagic: you cant
troll me no matter how hard you
try
midnightmagic: You're speculating. Are you also speculating for ASICMINER or do you know something more
than was posted in
their
totally unhelpful "yes we're going
to use our customers own money
to compete against
them"
thread?
Diablo-D3: quite a few fabs may have IP libraries, smic is
the cheapest
Diablo-D3: because he said it in his damned
thread?
Diablo-D3: all
they did was spam
them on
the mask
Diablo-D3: they put
together
the masks, but
they're using SMIC's existing IP
midnightmagic: And did you pull
this out of
thin air? How do you know
this?
Diablo-D3: though, hilarious part, I would have gone
the same path
Diablo-D3: hes even fabbing
them at
the same company on
the same process
midnightmagic: ngzhang, regardless of whether he's "copying" someone's business plan, has delivered more reliably, and more openly I might add,
than anyone building mining hardware put
together.
midnightmagic: .. no, he reattached
the fuse on
the BFL single and identified
the chip
they were using.
midnightmagic: Even with
the fewer MH/s,
the numbers were still considered impossible. It remained a mystery until ngzhang reversed it at
the hardware level.
Chaang-Noi: midnightmagic i
think food will go up in price but no it is not a fact
Diablo-D3: only if creative == less
than promised
midnightmagic: And have
they not delivered in a creative way on promises
that a good number of people said were impossible in
the past?
Diablo-D3: one guy
that OWNS AND RUNS
THE ENTIRE
THING
Diablo-D3: the government drives
them
to do so
Diablo-D3: I "broke"
this news like a billion months ago
Diablo-D3: Chaang-Noi: do you know how NOT news
this was?
Diablo-D3: usagi: btw, you never
told matthew off in
the dmc
thread
Obsi: fucking blue LEDs on
tech
Obsi: shit internet
time messes with my real
time sense... 6-8 maybe?
Obsi: yeah
that kickstarter for
the wifi LEDs looked pretty sweet
Obsi: LEDs are
the next step
OneMiner: sry gotta run. PM me if you'd like
to say anything!
OneMiner: the mercury is less
than if you burned coal. Mercury is released into
the air from coal power. Also radiation in greater quantities
than you get from all
the nuclear disasters around
the world.
OneMiner: Not
the ponzi part,
that's a joke.
The conspiracy one is serious.
OneMiner: Not a joke. I'm very sad
to say I'm serious.
OneMiner: I had some right wing (they listen
to Rush, yes
that far right) folks who I had known my entire life say, "Yes, our marriage will be affected" but
then
they couldn't say one more word on HOW. Also
they
think CFL lightbulbs are a conspiracy and probably a ponzi.
OneMiner: Also, I demand
that a plate of pasta be stamped into
the next coins
they mint! It's
that or it's discrimination!
OneMiner: Smoovious don't worry. It's
the last of
the old dumb people. When
they die, it's all roses and backrubs from
then on.
OneMiner: Seriously... Does
the christian god care if he is on
the money?
OneMiner: Religion must be driven from every corner of
the gov't. It would be most excelent of us
to
take god off of
the money (as Romney fears apparently).
kuzetsa: we're just
trolling at each other
OneMiner: No access
to any special groups. I go further in saying
that religions should NOT be
tax exempt in any way.
OneMiner: You know, in Canada
the catholic school board gets special gov't moneys.
They have shot
themselves in
the foot. Soon Canadians will be shelling out for pastafarians and
they will have gotten what
they deserved for funding
the catholics with public money in
the first place.
kuzetsa: my religion involves killing republicans and stealing all
their money
to use for reconstruction during
the aftermath of my riteous dumbpocolypse
OneMiner: So we agree. Seperation of church and state is
the best ever.
OneMiner: If someone can't practice
their religion,
that's oppression. Is
that what you were saying? I don't follow.
OneMiner: Lot's of anger in politics, if you are not red in
the face and spitting... You're doing it wrong.
OneMiner: kuzetsa just something
that makes me angry.
OneMiner: Also seperation of church and state. When someone gets
that wrong I'm like *facepalm* all damn day. It's pretty much
the best idea ever, and
there are
those who oppose it.....
kuzetsa: 2) I'm a non-violent
taoist
OneMiner: Smoovious naw,
that's no good.
Then Jo-Jo
the circus freak Romney supporter can
try
to exact revenge.
OneMiner: You know. I really love a lot about
the US. But
there's some
things
that just make me furious. Rigged elections and grey area assasinations are some
things
that boil my blood.