105000+ entries in 2.294s
mircea_popescu: i keep telling these doods altcoins are useful, and they only don'
t throw things at me because i'm fucking scary.
Apocalyptic: i don'
t specifically recall these quotes though
mircea_popescu: Apocalyptic it's not necessarily true. if you won'
t live in a world without cunt, and right this second i turn all women's crotch into angels' how long would it be before you realise i did it ?
pankkake: I guess the bet could be "altcoin difficulty to be exactly X", but I don'
t know what could be a good number
mircea_popescu: they have a set of worlds they'll live in, and a set of worlds they won'
t.
mircea_popescu: and tbh i kinda feel for him. sadly tho, they also can'
t be helped, because... as tat points out, "The problem here is that you have no mechanism with which to do so, and that because language is not employed for the purpose you imagine it employed."
mircea_popescu: bitcoin is immune to human agency, which means you can'
t pass a law to hinder it's fungibility.
mircea_popescu: so the driving force isn'
t bitcoin's immunity to the legal tender law,
mircea_popescu: the reason they didn'
t is that gold has a negative mining return.
pankkake: I don'
t know, I don'
t think I kept those. I've seen a few novels too. crazy stuff
Duffer1: the only thing i can think of that comes close isn'
t a manga
nubbins`: bacteria colony doesn'
t do so well, fleshy support system suffers
jborkl: Well it didn'
t work out for the human centipede
jborkl: Just the tip ok? Don'
t shove it all the way
nubbins`: "what good is piles of btc if you don'
t have your internet friends"
mircea_popescu: those that didn'
t don'
t get a 2nd round today, it'd be unfair to their betters, that did take it.
nubbins`: guy in video: "things that aren'
t necessarily interesting become extremely interesting"
nubbins`: fun fact, you don'
t need to pay homeless people to take crack
mircea_popescu: it's progressing, now you don'
t even spend money, just give them some crack
nubbins`: my endocrine glands don'
t produce thc
mircea_popescu: because the scammors can pay, and can scream, whereas the idiots can'
t pay, and can scream too, and they will scream against their interest.
mircea_popescu: ThickAsThieves at their level, not like they can make a decision. if you say "i'll put a bid wall for x btc" they can'
t say no.
mircea_popescu: "i couldn'
t believe you have a web page asking users for their private pgp key"
mircea_popescu: "Right now, I've got less than 1BTC and I'm dirt poor. Back when bitcoins/litecoins weren'
t worth anything (< 2 years ago), I had what would now be worth over a quarter million dollars worth in my wallet. I ended up wasting it on stupid gambling sites / day trading before it was worth much. Worst foresight ever."
Duffer1: the coin wouldn'
t exist vs the coin does exist
mircea_popescu: this is php syntax isn'
t it ? or does ruby use that $_post construct ?
mircea_popescu: we know you don'
t like hosting so we took your hosting out of the hosting dashboard.
mike_c: you don'
t know how to take credit for good luck do you? what kind of ceo are you?
mircea_popescu: believe it or not, i'm saying the entire marketing consideration didn'
t even enter into it.
mike_c: so you're saying you weren'
t sure it would work, so you shouldn'
t get full credit.
mircea_popescu: doesn'
t give them license to imagine good things happening are a marketing event
mircea_popescu: fwiw, i don'
t believe they are in fact marketing stats.
nubbins`: a lovely inking of yifu with "this isn'
t good for my chi", etc
benkay: some days i wonder if mircea_popescu didn'
t look at Pirate and say to himself "oh so you want to see an elegant scam, do yer?"
nubbins`: sometimes i don'
t want to be polite ;(
benkay: can'
t in2 network effects
benkay: i can'
t open any more bitcointalk.org tabs
benkay: rosenfeld's fake short didn'
t pay out?
benkay: haven'
t met many particularly good looking women over the age of 30
pankkake: being a pretty girl isn'
t such a gift after all
benkay: also whoever dm'd me; dm's aren'
t working for me today
benkay: as if it didn'
t before...
benkay: well gosh if -assets doesn'
t have its own derpcoin now
mircea_popescu: but you can trivially notice there's two groups if you take all the sm profiles and do scoring on them. you don'
t end up with either a powerlaw or any sort of gauss curve
pankkake: I don'
t know. if it had success without organized people behind it, it's a miracle
pankkake: I don'
t mine it, as it means mining less primecoin (which pays for my server bills!)
pankkake: I don'
t know how coingen works, so I'm not sure how it is supposed to get seed nodes either
jurov: and reminding me if i didn'
t pay you the first installment
pankkake: they're not litteraly offering that, don'
t get your hopes up :)
mircea_popescu: i can'
t believe todd actually went to work for mastercoin.
mircea_popescu: can'
t hold the btc hostage till china. that may be 55 years.
mike_c: i don'
t think that will last. surely competant competition will emerge at some point.
mircea_popescu: all i have to do all day is sit here and admire how people fail. i don'
t even have to do anything at all. just sit pat.
mircea_popescu: i don'
t think you realise how rare deidcated servers were in 2011.
pankkake: I don'
t know many businesses that end up doing what was planned at first
mike_c: yes, it doesn'
t show. but that's the point. you don'
t necessarily have to spend a lot to make progress.
KRS1: You aren'
t launching an IPO in hopes to do business to reinvest investment funds. You are launching an IPO to do business according to the business plan of whatever business you are going into. BTC is irrelevant.
mircea_popescu: mike_c well, there's only prototyping for one board reported yet, and moreover most of the cost is engineering time, which obviously doesn'
t show
KRS1: ThickAsThieves: My recommendation is simple...if the IPO requests $X amount of dollars to fund project Y, convert BTC to fiat and execute the business plan accordingly to yeield project Y. Simple. Don'
t reinvest investment dollars. Thats stupid.
KRS1: kakobrekla I think you are missing what I'm saying..sorry if I wasn'
t clear..
mircea_popescu: KRS1 well sure. but in principle, yeah, if you don'
t trust a unit of account it's saner for you not to hold it at all
mircea_popescu: KRS1 that you don'
t want to buy a house on fire at the list price.
KRS1: Once you reach yor capitalisation goal, why can'
t yo ujust move on and mature the IPO as discussed in the business plan? The idea is not to make money off the initial investment, its to make money according to the business plan.
mike_c: i didn'
t see that statement on the neobee prospectus :)
mircea_popescu: ThickAsThieves this isn'
t really the thing discussed tho
KRS1: Why can'
t the company cash in the BTC to fund the project?
KRS1: Companies typically launch an IPO to raise funds, along with a business plan, to bring a particular product or service to market with the intent on making a profit. Why shouldn'
t a company raise funds for X amount of BTC, cash it in for fiat? According to the business plan, the investment should request $X dollars for Y project. As long as the funds are matched, and everything falls
KRS1: I hate to bring this up again.. that article "You Can Raise It But You Can'
t Spend It" still doesn'
t make sense to me.
benkay: gonna make me think my opinions aren'
t useless blather
mircea_popescu: Much of the noise in the liberal American internet revolves around making people feel good by talking about things they think are bad and raising the consciousness in a futile quest to change the world by talking. There are hugely diminishing returns to raising consciousness (even assuming the ideas you're promulgating aren'
t of the rankest communist origin). << this.
mircea_popescu: kinda funny, if you think about it, how "torture" = enforced enlarging, in this case. god forbid you listen to some music you don'
t normally.
mircea_popescu: you can'
t run corps on a two week horizon. just getting a sale throguh is longer than that.
the20year: But that goes with every single investment in the world that isn'
t specifically buying bitcoins and holding them
benkay: there are words, aren'
t there?
mike_c: 2) you can'
t fking read them because they are long and they disappear before you can read the whole thing
mike_c: KRS1: yeah, that's the point. don'
t invest in a company that is going to use the funds for R&D or have fiat-based returns.
KRS1: "You Can Raise It But You Can'
t Spend It" is goddamn perplexing.
mircea_popescu: let us rejoice we still live in a time when it's humanly possible, and it doesn'
t even take a full year
pankkake: decentralized autonomous corporation and the other I don'
t know
mircea_popescu: in this sense, the clue given is no different from the clue of "we don'
t like your face very much"
mircea_popescu: now, you know that that's your address, but someone looking in doesn'
t.
mircea_popescu: kakobrekla there is however a guarantee a third party can'
t establish they're your coins.