log☇︎
106400+ entries in 2.373s
asciilifeform: fungibility in this case is an ideal, not the actual reality on the ground (atoms of Au are fungible, btc aren't - at least, as presently implemented)
mircea_popescu: asciilifeform this is what "the community" didn't belive pirate's hash exchange was for.
mircea_popescu: nubbins` yeah, huge uproar in the sense that scammors are really butthurt there's some stuff they can't readily manipulate.
Duffer1: oh cool i didn't know you were involved
decimation: it's really a bet that the difficulty won't go up as much as everyone hopes/fears in the future
decimation: if you don't wish to buy with fiat for whatever reason
Duffer1: mining isn't profitable
Apocalyptic: that's the thing, i can't
nubbins`: glad i didn't play with you ;(
nubbins`: jeez, don't be so demanding
Namworld: Choose sidenubbins doesn't count
mircea_popescu: Namworld well now i don't know, i read the stuff in a paper book a while ago. lettuce see
pankkake: so you don't want on mpex anyway
pankkake: that's not really bothering me. I wouldn't pay the 30 BTC fee myself, nor do I desire to hold MPOE
mike_c: ah, no, i didn't make it up
Apocalyptic: mike_c, regarding your BitBet and MPex analysis on btcalpha, you claim these are "zero-asset company". I don't think this term is appropriate as they hold at the very least intangible assets such as goodwill resulting from their userbase and the reputation among other things
Apocalyptic: you wouldn't blend well in Miami yeah
Apocalyptic: <KRS1> I don't have a title like Duke or anything. // a shame really
KRS1: I don't have a title like Duke or anything.
TomServo: heh, I don't get it!
Apocalyptic: mike_c, wasn't that phil lakk ?
Apocalyptic: mircea, wait, you're saying risk pricing isn't a subdomain of finance ?
mike_c: thanks! it won't be long.
Apocalyptic: "bitcoin finance" quality blogspace won't that's for sure
mike_c: mine is probably limited by the fact that i don't intend to waste time dissecting the scams.
mircea_popescu: pizzaman1337 didn't you have a blog btw ?
mircea_popescu: i know (and for that matter house bets don't change much either)
mike_c: i have the numbers with those bets in as well. not as different as you would think. the sum of btc isn't that high.
mircea_popescu: and since it's impossible to take out later readjustments of the bettor, you can't really take out his original stake either. course i suppose what exactly you're trying to see
mike_c: i didn't want it to throw off the results. what i wanted to see was whether other people are being attracted to bets early.
mircea_popescu: i wasn't cause i have them, but the fact is there's so much counterintuitive if not outright fucking weird shit going on in btc
mircea_popescu: pizzaman1337 she had one but can't hardly be arsed to update it iirc
jurov: it makes little sense if you don't put collateral into picture
jurov: mike_c i can't wrap my head about shorting puts, how is the profit computed there?
mircea_popescu: i'm unemployed, mods please clean up my mess. i'm a quick study, believe me when i say so, pay no mind to the fact i can't be fucking bothered to figure out where my post goes
pankkake: what's a quiff? isn't it a pussy fart?
Vexual: http://www.youtube.com/watch?v=T-xu8CcamT4
mike_c: isn't it a bit early to be wasted vex?
pankkake: and that's only direct subsidies, anything bought by high schools etc. isn't accounted for
mircea_popescu: i don't quite understand why politicians still maintain the facade that the press people are like... people.
pankkake: I don't follow politics at all
mircea_popescu: i wonder what happens should anyone claim they didn't do X trade now.
mircea_popescu: buncha people got them. i don't recall what the reason was supposed to be
diametric: (*) [ insert list of reasons that don't count as downtime ]
diametric: KRS1: from the customers point of view it doesn't matter. They don't want to hear why your provider has issues, they want to know why you didn't anticipate them and have alternatives in place to mitigate it.
mircea_popescu: you could have a dedicated 10gbit pipe for your blog. that wouldn't be 100%, it'd be "all those instances when you get hit with less than 10gbps"
KRS1: carrier grade network problems aside, it amazes me hosting companies can't have 100% uptime
Vexual: im jealous, i don't rememebr what happened last week
mircea_popescu: doesn't understand jack shit it's saying, but that's not part of the scoring card anymore.
mircea_popescu: being able to read or write doesn't make you literate any more than being able to css makes you a programmer.
mircea_popescu: and the world will exist just fine long after we won't even remember your shitty republic ever was
mircea_popescu: does that mean yo ucan't be a gourmet chef ?
mircea_popescu: how would you know what's love and what isn't ?
VanCleef: wouldn't u?
mircea_popescu: that wouldn't be very practical. i can only get it up what, a few times a day ?
Vexual: he wouldn't ride a jetski unless his crew designed it
Vexual: i don't think he'd give away a kidney, it might be a drain on the economy
mircea_popescu: VanCleef dude don't be a hater, he asked me. what am i to do ?
mircea_popescu: but nevertheless, that something isn't much at all.
Vexual: what did you study at university? if you don't mind me asking?
Vexual: i bet i could get into the aussie chapter, it'd take em 6 months to realise I don't acutally do C++
davout: isn't he chair of the foundation or sthg?
Vexual: some logos are illegible, i hope they didn't pay too much
mircea_popescu: you're generally a lazy fuckwit that imagines he can redefine things in his head and that'll matter. it doesn't, obviously, but what difference does it make.
mircea_popescu: most people equally powerful you can't ever talk to.
asciilifeform: i don't really keep track of the 'scene', and in fact ended up in this channel entirely by accident!
asciilifeform: tape holds until it doesn't (yes, actual duct tape is a material that can be dealt with scientifically; we're thinking of the traditional 'philosophical' duct tape that just fscking snaps on you)
asciilifeform: isn't that where they had nominally 'unspendable' reserves that got spent?
Duffer1: i wouldn't call that crackpot at all
Duffer1: meh their pow doesn't actually do anything
asciilifeform: Duffer1: in case this wasn't obvious, this is not a product that threatens to actually exist.
asciilifeform: 'hard' isn't enough for the purpose of coin, you also need ease of verification.
BingoBoingo: Well X-Ray crystallography is indeed a hard physical problem with varying and more expensive levels of difficulty. X-raying a mineral crystal isn't so bad. A given protein in fluid is a bit harder. Getting a good picture of a receptor protein as it sits in the cell membrane is an incredibly hard problem.
nubbins`: my fax machine doesn't support silver ;(
Duffer1: wow i didn't even know that rush YYZ acapella existed, that's just awesome
pankkake: probably won't even be fiat-profitable
mircea_popescu: by the time they actually find gold or w/e btc will have gone up so far it still wouldn't have been worth it
Duffer1: i don't follow their scam actively, not sure
pankkake: lol they didn't finish too?
pankkake: but then you have to look at those that didn't actually finish the IPOs
Apocalyptic: I don't have any lippoper, read about
Duffer1: who doesn't?
Duffer1: i wish articles in r/nottheonion weren't 99% about america
pankkake: PSA: I am a lazy fuck, so don't buy any IPO from me. unless there's already some work done or something :p
pankkake: and they're just going to be scammed more… the guy isn't anymous, make him release actual financial statements
pankkake: "Ken has admitted a failing due to inexperience which is to be applauded in my book. That failing being his assumption that a third party subcontractor wouldn't let him down."
pankkake: I don't think that's a real job
pankkake: but yeah, if you have any doubt, then don't bother until it's not clear
Neil: Fucking betsofbico.in scam still hasn't resolved ~100 bets from last yr
pankkake: I want to write a "when not to invest" thing (It's pretty much the only thing I know; I don't really know when to invest :p)
KRS1: somone made a comment in this chan once..if you looked into it and still have to ask if somethig is a scam, isn't it obvious? I took those words to heart.
pankkake: then don't invest in things that aren't transparent
pankkake: I don't think there is much profitability in it anyway
Duffer1: i don't see why casc would need one either then
BingoBoingo: KRS1: Well, it isn't one of those typical things. Basically they wanted to make charges for something and the broad umbrella of disorderly conduct is allegedly where the alleged occurence fits.
BingoBoingo: KRS1: Well, I dunno how good my information is on the matter, but things don't look too bad
Duffer1: "There's too much shit in here I can't even pay attention to one thing for long enough to properly make fun of it"
jurov: i don't have petahashes anywhere in my computations
mircea_popescu: jurov above 100 isn't good enough to. above 150
mircea_popescu: i don't think they'll end up delivering it all this spring, but anyway