108600+ entries in 0.064s
mircea_popescu: now, i am in
the fortunate position of having valuable experience : bitbet's hotwallet was 1btc ; and it was never popped.
mircea_popescu: you're stuck investing $hotwallet-size * $failure-odds into
the business
that it could be, like it or not. just like your
time.
mircea_popescu: trinque
the line i was going on with
the "what odds do you give" is
that CDB is indelible from
the book, stays
there in red. cost of carry of capital, goods or otherwise, and so on.
trinque: let whatever comes in as revenue
trickle over into a rainy day fund if a wallet gets popped
trinque: probably just going
to set a ceiling on it, and grow
the ceiling over
time
mircea_popescu: kinda
the dilemma of "democratic society" aka "people have rights / are best judges of how
to deploy
their own resources" etc. you end up with
the walmart world and either you chase
the britney spears fanbase or else can't cover costs.
trinque: I'd actually like
to find a path
to
the hot wallet sooner
than later, for reasons of getting large enough
mircea_popescu: problem with it is
that such a
thing only pays after getting large enough.
mircea_popescu: but,
to be plain, it is a lot of work, and very useful, and very finnicky / highly qualified / high responsibility. so absolutely you should make bank for doing it.
mircea_popescu: generally should be able
to guess at
the
time you'd do it
today what
time'd be convenient
tomorrow sorta deal
trinque: but sure,
thing could say "estimated dispatch $time"
trinque: isn't always going
to be
the case
that I'm next
to
the machine at
the same
time
mircea_popescu: you ~could~ add a deedbot command like !!pending which'd list all pending items and
the estimated next send ("Next
tx push on Fri, Apr 14 at 8:14 pm -- in 25hours). gives people something
to do with
their
time.
mircea_popescu: that way a) you get automated
txn bundling, reducing fees and b) you don't have
to keep doing it.
mircea_popescu: trinque anyway, one reasonable measure
to cost control is
to do all
txn once a day, every day. ish.
trinque: you know
the hard drive on
the box cutting
txn died
too,
this week?
mircea_popescu: kinda how my reasoning went, "he's pretty good at getting
tx fees optimized, chances are users won't even notice
they're paying, when comparing with $average-webservice."
trinque: txn fees on my recent ones have been something like 0.00001, at
the low end
mircea_popescu: (consider
that
these are uncharacteristically generious
txn, most of
the world still operates on
the 19.95 walmart standard.)
mircea_popescu: i can't imagine half dozen
tx/day sorta debit can in any meaningful sense "pay for itself".
mircea_popescu: contrariwise
though,
there's not
that much per-tx cost
the system can bear.
trinque: sub BTC piggy isn't worth
that much, but "lul popped republican wallet operator" is
mircea_popescu: ~ example of question
to be answered correctly above ~
mircea_popescu: what do you evaluate
the odds of it getting popped at ?
trinque: yeah, but I'm not extending people
trb+linux+amd64 insurance
mircea_popescu: trinque how much does it need
to be ? so far < 1 btc per day or so neh ?
trinque: douchebag: asking you
to review
trb's deps wasn't idly selected
mircea_popescu: at
this phase
the incentive should still principally be
to streamline
things.
trinque: since I am unwilling
to bail
the
thing out if
the hotwallet piggy is popped, I have been reluctant
to do
that.
trinque: still doesn't really pay for me cutting
txn; obviously
the ideal is I cut
txn
to refill a hot wallet, bot can use up
to hot wallet balance without operator interaction.
mircea_popescu: trinque charge whatever
the network fee is and
there you go.
trinque: if I'm moving
this from a "hey use my airgap system for cheap"
to "high
throughput wallet system" it's going
to pay for itself
trinque: relatedly, I'm going
to instate a withdrawal fee. will decide what
that is later
trinque: oughta be back on later
today, but
the ministry of comcast, who knows
trinque: most likely yes.
there's an ISP outage.
douchebag: will
the bot be back up and working by
then?
douchebag: I have some girls who are gonna wanna show
tits
tomorrow
mircea_popescu: it's
the way of cia factbooks
to be half a decade out of date.
esthlos: nice hanbot, will play around and get back
to you on Sunday
mircea_popescu takes advantage of a momentary lull
to update
the
titpost lol
mircea_popescu: jossi
to voice yourself, say !!up
to deedbot in a pm and
then !!v
the string it gives you (decrypt its message)
ben_vulpes: looking forward
to giving it a crack myself
hanbot:
http://thewhet.net << lastest post (mod_rewrite ergo links not yet live, or i'd link y'all directly) is mp-wp_genesis. esthlos and anyone else who was waiting on
this is encouraged
to
test it out --setting up a
test blog-within-a-blog is gonna be a royal pita and cause yet further delays, so please do
try it out, lemme know how it goes.
shinohai is off
to have ice cream and brandy for birthday
douchebag: alright, when do you
think you'll get
to processing
them
trinque: just dealing with shitty internets for
the next howeverlong
trinque: yeah, everything
that gave a response
to somebody got
through; no worries
douchebag: hey
trinque but
the
transactions
that already got processed and everything
jossi: Tell me about
this place, if you had
to summarize in a sentence or 2
trinque: transparent ploy
to get you
to hang out with us longer, eh?
trinque: gonna have
to wait until
that box comes back.
a111: Logged on 2018-04-13 21:57
trinque: eh mircea_popescu internet just went out where
the wallet box is located.
trinque: got ya
thatbitchlola; going
to be moving
the wallet
to pizarro hosting soon as I can.
jossi: Something
that I enjoy and is stimulating & enriches
jossi: Oh, I am one
that doesn't do
the worth while stuff :o
mircea_popescu: you can follow
the log on
the website, if you click
the link
a111: Logged on 2018-04-13 20:37 zx2c4: i'm not saying everyone with leisure _does_ do something worthwhile with it. but you cant deny
that leisure is in many cases a necessary precondition for many great aspects of civilization
jossi: Heh whats
the story
there?
jossi: This pays well, not
the most stimulating job but gives me
time
to do other
things
mircea_popescu: jossi so other
than boutique and not going
to school anymore, what do you do ?
mircea_popescu: thatbitchlola
today or
tomorrow. something like
trhat.
mircea_popescu: !!rate jossi 1 ukrainian-french girl working for
the rich of nyc. wiwa la rebolucion!
jossi: But I don't want
to judge
the man
jossi: I see what you did
there lol
jossi: I suspect he only works with
the right cocktail of pills in him lol
mircea_popescu: you figure old man
trump's penis pump finally gave up
the ghost ?
mircea_popescu: here,
the police are lovely chaps. mostly give out directions.
mircea_popescu: yeah, i can't imagine how i'd put up with
the nonsense.
jossi: With
the extra patrolmen and blockades, but mostly done now
jossi: Trump had
the city messed up for quite a bit
too
jossi: It has its nice areas, but you have
to really like city life.
mircea_popescu: from what i hear ukraina sucks
these days. how's nyc ?
mircea_popescu: lol. so next
time rich dood walks in, be all like "0.11 btc for
this bed as it is, sir ; or 0.20 as a package deal, with me in it"
trinque: eh mircea_popescu internet just went out where
the wallet box is located.
☟︎ jossi: we sell
to
the rich, im not rich :(
mircea_popescu: will
the universe run out of
tits before mp runs out of bits ; or will mp run out of bits before
the universe runs out of
tits ?
THE QUESTIONS OF OUR
TIME
douchebag: im still getting her gpg setup, so obv don't pay her until after she gets
that all registered
lauren22: I remember
the beans from elementary school somewhat