118700+ entries in 2.379s
seongyupyoo: i just don'
t want to go into coding all of that without knowing that this app will get any traction
seongyupyoo: yes, i won'
t be keeping in in the near future
seongyupyoo: you would not be making a 100 btc sale offer i don'
t think ever
seongyupyoo: i don'
t think there is anything that can be done about those types of people who don'
t mind just throwing away money for kicks
mircea_popescu: isn'
t pps kinda a bad model for mining ? as in, high risk of pool bankruptcy ?
mircea_popescu: topace you mined on his pool yet he didn'
t have the btc ?! odd. anyway, thanks.
mircea_popescu: people who can'
t aren'
t numerous enough to make anything of the sort you're contemplatin workable.
mircea_popescu: this mining farm thing doesn'
t work. people who can afford asics can just get them
KRS-1: BTCOxygen: I read your business plan if thats what it was- I don'
t see how investing with you can net more profits than if I bought some of my own units from Avalon batch 4 if there is a batch 4..considering management and Dev costs
mircea_popescu: whores don'
t work for the highest bidder. they merely pretend to.
KRS-1: mircea_popescu: the pay was never worth anything ...I used to do it (won'
t mention what) but it was Government employment and the pay wasn'
t dick. I went back to college and entered the corporate world and never looked back. Tripled my income and wound up working less/less stress..etc.
Scrat: million tons of granite didn'
t help piratebay's servers from getting raided
TomServo: mircea_popescu: I hadn'
t, but hadn'
t heard of assignats either. Does seem strikingly similar indeed. I need to read more.
mircea_popescu: also isn'
t it traditional to have a square box with shadow and reflection underneath ?
MJR_: don'
t let this opportunity pass you by
BTCOxygen: Don'
t miss out the great Opportunity.
MJR_: anyway, the point is that people's genes don'
t matter, what they do matters
MJR_: but no, you are right, i couldn'
t read his mind
MJR_: and if i think they are it isn'
t worth my time...tiberius is a perfect example, he will recycle arguments, switch to ad hominem, it is very easy to spot
MJR_: the fact i haven'
t ignored you, and i don'
t really plan to, says that i listen to your questions
MJR_: truffles usually trolls mildly enough that i haven'
t ignored, but for example eskimobob or tiberiusiv
MJR_: just saying without understanding the incentives in a situation, you can'
t change that situation in a controlled manner
MJR_: point was, if you don'
t account for "lulz" you will never understand trolling
MJR_: but truffles also brought up an interesting question...what if it all seems to me to be roughly equal in value? that is where randomness and chance play a role, a role that we have tried to minimize (though people still flip coins from time to time when they can'
t decide)
mircea_popescu: people don'
t care WHAT the punishment is. the only thing that makes any difference is that there's SOME punishment.
mircea_popescu: it's quite well established that people don'
t do math.
MJR_: so we aren'
t familiar socially
MJR_: meaning it isn'
t worth it at the prices they assume they would get
MJR_: it should be free money in their eyes...except it isn'
t...social stigma, laws, etc all change the value proposition
MJR_: for example...almost any woman could prostitute...why don'
t they all do it (and not just in a metaphorical sense)?
MJR_: you don'
t account for all the incentives on both sides of the equation...hence trolling
KRS1: MJR: I don'
t have functional knowledge of node.js..what i have seen of it is very kick ass though.
KRS1: I guess the first rule of #bitcoin-anal is that we don'
t talk about #bitcoin-anal
MJR_: mircea_popescu: hey! didn'
t know you were on, how's it going?
orkaa: ThickAsThieves, it wouldn'
t be a problem then
orkaa: i know, that's why i'm so surprised the hole isn'
t used so often
mircea_popescu: well afaik it's mostly for people who don'
t fuck so well.
orkaa: they don'
t ever fuck, fuck
pizzaman1337: well, it stores value, maybe it doesn'
t retain it
Namworld: I don'
t see what we'd do with so much market cap. Not enough transactions backing it. Mostly speculative "storing of value"
MJR_: the money it would take to buy 11,000 is trivial to zuckerberg...and i'm sure he wouldn'
t want to be beaten to some new tech thing by them
MJR_: Scrat: didn'
t specify in this article, but almost guaranteed to be encrypted
MJR_: it didn'
t specify if it was a n of m scheme, but i thought i read that somewhere
joecool: sure someone didn'
t just jack his account?
joecool: pretty much don'
t put your coin in anything you don'
t manage if you can'
t stand to lose it
MJR_: error4733: i don'
t hold a lot of bitcoins...i have bitcoin denominated assets
MJR_: joecool: i don'
t have a paper wallet
MJR_: it is very convenient to use a wallet you dn'
t control...but if they are hacked your coins are gone
MJR_: ...no, i don'
t think it could be
MJR_: not sure...haven'
t checked
MJR_: simple rule of thumb, if you konw the private key, they are yours, if you don'
t you are trusting someone to do as you wish in the future
MJR_: just saying, the fact you don'
t know the private key to the address you send to (correct me if that is not the case) means that you have given up control over your coins and are trusting them to send them where you want, when you want
MJR_: in the same way that if i deposit money in my bank account, they don'
t store that cash in a box with my name on it
MJR_: not to put too fine a point on it, but visa and mastercard don'
t actually deal with money at all
MJR_: for truff1es and KRS1: even though the transaction seems fast on your side, visa doesn'
t actually move the money when you swipe the card...that process usually takes place when the business gets the deposit from the bank that used visa or mastercard
MJR_: so, if i can attract people to my bank, where i won'
t keep a bitcoin to back every bitcoin credit you have in your account...i can do that
MJR_: yes, they do...and the network doesn'
t care what transactions you do...the point of anyone like paypal creating reversible transactions is that they hold your account...they don'
t need to put that on the blockchain
MJR_: bitcoin doesn'
t do anything
MJR_: if i don'
t like that paypal reverses transactions, i simply don'
t use them
MJR_: point is, if i don'
t like paypal's policies i don'
t have to use them either
MJR_: since i don'
t have to use bitcoin-qt, they don'
t control me
MJR_: that is the best feature of it in my opinion, that it isn'
t controlled
MJR_: basically...decentralized vs centralized (why a coin controlled by paypal is pointless, and if they don'
t control it, they are not adding any value)
jurov: yea. "don'
t call me skynet. i'm gribble."
jurov: and it isn'
t always most effective anyway.
MJR_: if people don'
t like the mining pools decisions, they will join a different one
MJR_: so, bitcoin is closest to that ideal...if people don'
t like the devs, they will build their own software
iz: i think your idea of a "perfect decentralized system" doesn'
t exist really
iz: just because a handful of ppl decide something's fate, doesn'
t mean it can'
t be a decentralized system
iz: are you saying bitcoin isn'
t decentralized, because all the clients follow the same protocol?
iz: they don'
t? who the hell was that guy then?!?
MJR_: last i checked they didn'
t come to your house and install it without your consent
MJR_: i can ask, suggest, beg, demand...but i can'
t FORCE
MJR_: you don'
t have to use the software they create
MJR_: they didn'
t have to ask the mining pool operators
MJR_: if one of those people controlled it, they wouldn'
t have had to ask
MJR_: they didn'
t have to
MJR_: huh? it is off the ground...and it isn'
t under anyone's control
MJR_: but seriuosly, if i control it, i can say "i want more than 21 million" or "you can'
t use it on silk road"
MJR_: i "control" this system don'
t I?
MJR_: they adopted a protocol that they don'
t control
ThickAsThieves: (dont forget i started my comments with, paypal won'
t do shit)
MJR_: the biggest feature of bitcoin is that paypal doesn'
t control it!
MJR_: my point is...paypal won'
t say "we can create a customer rewards point system, but let's do it in the most confusing and difficult way as opposed to just creating a new table in a database"
joecool: mod6: i don'
t even think paypal cares about paypal
MJR_: bitcoin either remains unique in its decentralization, or someone creates an identical system that doesn'
t add value