log☇︎
115900+ entries in 2.657s
thestringpuller: i don't see your point :P
thestringpuller: my computer won't even load it
ThickAsThieves: if it MUST be, it won't be for lack of me trying to avoid it
matthew_boyd: 0 ;) You don't know me, I don't know you, we'll see later, how about that?
matthew_boyd: You would have to go through the whole explanation to everyone which would be more hassle that it's worth to buy the t-shirt!
matthew_boyd: Hahaha, I do think they are pretty good, seeing that you are a cat lover, I can see why you wouldn't snap one up immediately
matthew_boyd: Anyone else interested in the "Cat rich or fry trying" t-shirts? :)
matthew_boyd: mircea_popescu: It isn't really a question of "if" I was nervous, seeing that this was my first every escrow, understandably. "how many" I would say around 30 percent of the sub-reddit which isn't the worst...
mircea_popescu: this isn't the catholic church.
davout: he did fix a couple of things after i pwned it here and there, 10000x leverage wasn't really expected xD
davout: i don't really remember forum ncks, but i sorta recall this one
davout: who doesn't love the occasional asian young boy
pankkake: given that the guys who operate weexchange do not reply to support and can't handle some kind of passwords, no, it is already worse
mircea_popescu: i don't think so.
davout: ThickAsThieves: i didn't mean it like that :S
mircea_popescu: but be him... well... that i can't see.
Menoetius: only because i didin't buy any at IPO
furuknap: Sorry, I couldn't be bothered to scroll up a bit.
furuknap: <Stardust> but then people are so lazy asses.. <- Count me in! Where do I sign up for lazy people? Never mind, can't be bothered...
mircea_popescu: they're going under by now aren't they.
furuknap: Why can't it be both drama and madness?
Namworld: That's got to count for something, isn't it?
furuknap: To be honest, I don't understand half of what neither you nor they do, so my expectations are those of a pineapple. I expect to hang around for a while and then fall down and rot. Anything else is surprise to me.
mircea_popescu: <furuknap> Hey, that's a brilliant idea! I wonder why I even try to keep my operation honest... <<< you didn;'t actually imagine the failtwins are up to anything actually useful.
Namworld: How wonderful. Don't forget to wear your brain condom when reading stupidity. You don't want to catch Brain Bitcointitis now, do you?
Stardust: i mean the continously pulling mecanism isn't relevant for the withdrawal process, it is as to enforcing
Stardust: why just don't record it at the user registration
davout: Stardust: if you don't have a wot wallet there's nothing to gain from a quick attack
Stardust: couldn't you arbitrarily control the taffic being sent to all these auditors ?
Stardust: but you don't play with any data yet, you just look at the network traffic to identify all the auditors
davout: compromise the database server behind it, maaaaybe one auditor, but you sure won't be able to hack into all of it at the same time before one of the components alerts you
mircea_popescu: davout for instance that you can't use websites for btc.
davout: what aren't they smart enough to figure out ? your model ? or how to copy it ?
mircea_popescu: "the problem is teh "bitcoin experts" aren't smart enough to figure it out"
mircea_popescu: you're going to "imagine we use gpg to sign transactions on the client side so even if the attacker gets your server there's jack shit he can do as he can't enter arbitrary txs" ?
davout: mircea_popescu: it's just software, it doesn't do magic, so if the devs decide to throw the table over there's only so much it can do
mircea_popescu: and who writes apps that don't check.
mircea_popescu: davout well how do you know my app isn't checking data
davout: mircea_popescu: it doesn't really help to run your code in both places since what your code does is it runs your app, it doesn't continuously check for someone fucking with your data
davout: mircea_popescu: no, the security boils down to "unless an attacker can simultaneously fuck with X auditors he can't do shit"
asciilifeform: isn't that what bitcoind is for?
mircea_popescu: dude, ruby doesn't work. srsly.
asciilifeform: I, for one, sure as hell wouldn't put $100M of BTC on silicon I didn't design (or at least control the design of.)
davout: it isn't finished anyway
mircea_popescu: 10 fucking years ago we didn't even see the outrageous humour in it
jcpham: i haven't been there in ages!
jcpham: ....can't put my finger on it
jcpham: i have a fever and can't word it properly
davout: people have so many misconceptions about the law and what it says and doesn't say
mircea_popescu: but they don't get any.
davout: the last one i got wasn't that well done
davout: i'm off, these funny captioned pictures don't just watch themselves
mircea_popescu: jesus he just won't get it will he.
mircea_popescu: guess what ? they aren;'t.
mircea_popescu: they didn't use to, on the grounds that maybe they're like bitcoin
mircea_popescu: the onl;y time they don't ask for your id when you're using dollars
mircea_popescu: heh. not list the locations. these people just won't fucking learn what open means already
pigeons: bitcollapse: then don't do it
davout: the various laws don't usually give the slightest shit about your privacy
davout: you obviously don't have the slightest clue of what you're talking about...
furuknap: I have no idea what you just said, which, I'm sure, is why I don't have an account on MPEx.
mircea_popescu: !t m ^oix
benkay: i don't gamble like you crazie
benkay: i have a bet coming due next monday. btc trading above 70. wasn't concerned at the time of bet, am slightly concerned now.
gribble: Error: Couldn't get RSS feed.
mircea_popescu: if i don't guarantee usage the provider won't open new boxes of gear for me.
davout: as in, we wouldn't have this debate
davout: if you paid the hosting fee monthly it wouldn't be an issue at all
davout: i don't know how exactly to express this, but i think that somehow you're trying to get accounting to do something it's not really supposed to
mircea_popescu: for a number of reasons. i just don't think they actually work.
davout: but how does your way of accounting change that? doesn't the server already exist ?
davout: anyway, like you said, it doesn't really matter that much
davout: the whole "it can't be taken as a one time charge" is relevant when you use expenses to reduce your net result as a way to reduce your taxes, i don't think it has much relevance in BTC-LAND
mircea_popescu: these btc can't be taken as a one time charge, as they reflect a multi-period thing
davout: the box is not yours, the service is, you can resell the service, but you don't usually amortise IT services like this (which is another way of saying it's horribly wrong)
asciilifeform: you don't really own land unless you have 'Infangthief' on it!
benkay: at the end of amortization, you don't have a thing to sell for scrap value.
davout: you didn't buy it
davout: so yeah, i don't really understand why you'd amortise something that you do not own
mircea_popescu: benkay yeah. because i don't want to be stuck with one year odl boxes.
davout: so then, why one year? i don't know with other countries but in france you usually amortise IT stuff on 3 years, the rest on 5 and buildings on 20
mircea_popescu: i could prorate, i just don't see that i'd have to.
mircea_popescu: if its after a full period it can;'t be reported in the respective period
davout: either you account for them on a monthly basis (which i've never seen, but this is BTC after all) or on a yearly basis, you seem to go for the former, so my question is "why don't you start accounting for an expense of 1/12th of the server value on month #1"
davout: why don't you start amortising (spellt that way) the server right away ?
davout: doesn't this somehow equate to the management not really acting in the shareholder's interest ?
davout: which is good, the contrary wouldn't have been right
davout: mircea_popescu: it doesn't have to be accounted for per-se, but the warrants list has to come with the financial statements, because as you said it is something that needs to be taken into account to get a full picture of the company
davout: i'm not sure of the nuance you're making here but if it's something saying that the shareholder can't simply knock on the door and get the nominal value of his share paid to him then i agree :-)
mircea_popescu: in the simplest translation of common law that even a napoleonic lout might get, they don't have tyhe right to THAT capital. just to something equivalent, as practicable.
mircea_popescu: that's nonsense, as the shareholders aren't owed any btc.
mircea_popescu: ya well, i can't make 12 columns as i don't want to turn my blog into an aicraft carrier
thestringpuller: she doesn't like IRC
davout: mircea_popescu: don't you already pay someone for this ?
mircea_popescu: i don't think 500 page reports are actually useful in btc atm
thestringpuller: but fat chicks are kinda good in bed if they aren't too fat
davout: thestringpuller: i tell my friends i don't like fat chicks
thestringpuller: but you said you don't like advertising...
davout: mircea_popescu: why don't you present the usual assets/liabilities balance sheet in addition to the cash flows and accounts list ?
mircea_popescu: i don't argue that.