118800+ entries in 3.268s
MJR_: but, you haven'
t in any way made the process better for the consumer because I will just use my credit card to buy your ebaycoins
MJR_: good for them, you made more money, still don'
t see a value proposition
MJR_: i seriously don'
t get it
MJR_: if they don'
t...why trust them in the first place
MJR_: but the fact remains, that if you don'
t control the system, it probably won'
t be very profitable for a company, and if you do control it, bitcoin will remain unique
MJR_: so, either they create a distributed system they don'
t control...which means its exactly like bitcoin but 4 years late to the party
MJR_: isn'
t that the same library all those kind of guys are using now?
mircea_popescu: i recall this is one of the recent noobs but can'
t place him
Scrat: see, didn'
t even have to invent an altcoin
mircea_popescu: "This community being what it is (40% ex-SA trolls, 30% clueless idiots, 10% intelligent assholes, 10% blatant scammers, 5% psychopaths, 2% bored college kids, 2% eccentric entrepreneurs, 1% Phinneaus Gage, and 1% people who can'
t count)"
mod6: didn'
t take long for the meme's to pop up on those pictures.
mod6: its like they think that bitcoin hasn'
t "made it" unless maria is talking about it everyday or some bullshit
Scrat: jurov: you have a point there, but this doesn'
t only apply to ssh
jurov: i don'
t understand why you need to have it sitting in dc
jurov: issuing btc transactions doesn'
t required some huge bandwidth/latency
jurov: why can'
t anybody have secured backend?
orkaa: Scrat, isn'
t that the point of ssh? :)
mircea_popescu: mtgox doesn'
t seem like they have enough of a clue to get proper physical security of their servers in place
davout: mircea_popescu: pic of you wearing a party hat or it didn'
t happen
mircea_popescu: i only share bills and fines. i don'
t share the finer things of life :D
deadweasel: truffles, no, i don'
t use btc as a means to a wet cock
davout: i don'
t speak slovak and my box doesn'
t speak flash :D
jurov: >:D can'
t even agree whom i'm trolling
thestringpuller: and didn'
t buy back puts as the price fell to hedge my short P80's
mircea_popescu: "we've been hacked" = "we're retarded and don'
t understand anything about computers, the internet or security"
Namworld: [20:23] <mircea_popescu> i have a completely abstract altchain. nobody mines on it, nobody owns any coins, nobody bothers to read the codebase (which doesn'
t actually exist in written form anywhere)
mircea_popescu: but since userbase minerbase coderbase etc aren'
t the criteria by which we judge altcoins...
mircea_popescu: i have a completely abstract altchain. nobody mines on it, nobody owns any coins, nobody bothers to read the codebase (which doesn'
t actually exist in written form anywhere)
Bugpowder: Academic papers on bitcoin don'
t make sense to me. If you had actually figured out something of value, why wouldn'
t you just try to profit from it
benkay: the nice thing about ron paul is that he's willing to say "i don'
t know"
jurov: and its creators are trying to make sure it doesn'
t stray from their plans by holding huge stash
TomServo: Isn'
t ripple sort of a distributed exchange?
Bugpowda: I can'
t tell if he said 500,000 or 5M as the minimum amount per day flowing in
mircea_popescu: however we couldn'
t find a way that was both intuitive for non-math people to specify and practicable in a web interface.
pgp2: the problem, ultimately, will be PR. As more people bet, others will come to the same conclusions - people will talk shit about bitbet and you didn'
t even get to benefit from any of that negative EV...
Luke-Jr: Doffx: using GBT doesn'
t require any extra effort from the miners like stratum does :p
Luke-Jr: Doffx: you can'
t even put 20 Gh/s of GPUs without it going boom
Luke-Jr: but rollntime isn'
t done at bitcoind, it's done at the poolserver
Luke-Jr: mircea_popescu: they don'
t have to upgrade to use rollntime
Luke-Jr: kakobrekla: BTCGuild *did* lose a bit when they upgraded to 0.8 because the admin wasn'
t paying attention to what he was doing
mircea_popescu: Luke-Jr deepbit doesn'
t want to upgrade because generally speaking updates are also shit.
Luke-Jr: mircea_popescu: he still doesn'
t support rollntime
Luke-Jr: kakobrekla: don'
t be stupid
mircea_popescu: i don'
t like pools because basically they fuck up the entire point of mining
TheMonarchTx: so once the bubble popped it's not surprising that the new accounts don'
t result in increased volume
orkaa: internet won'
t be able to cure our cancer when we're 70
MJR_: we aren'
t all american citizens here...(i am, not that it matters)
orkaa: shouldn'
t matter where they came from
jcpham: but his data could game you if you don'
t have your own fact-checkers
jcpham: well if we're talking about compensation, I wouldn'
t suggest paying for bad data...
jcpham: he work isn'
t lobbied for to your liking
mircea_popescu: and how the 500th iteration of a failed idea is going to yield results simply because he doesn'
t know of the other 499
mod6: So far I haven'
t had any issues or heard the anything like the guy on btctalk.
zebedee_: OK. What do you do personally if you don'
t mind my asking?Which client do you use, or do you do your own thing with private keys etc?
zebedee_: Sure. Just was curious about the tech of the offline wallet, as I've been dealing with such issues in a personal capacity myself. If you don'
t want to say anything fair enough, though I don'
t really see what risk that might expose you to.
mircea_popescu: furthermore, trying to game it this way exposes you to the following risk : if your bet doesn'
t make it into a block before bet is closed
zebedee_: Although it may be obvious, I don'
t believe that's explicit anywhere.
zebedee_: mircea_popescu: For bitbet.us, the weight is for a 1 BTC bet I assume (i.e. proportional to size)? I might have missed something but this doesn'
t seem to be explained in the FAQ.
jurov: but i realized i don'
t have anywhere to rush anyway
MJR_: lol they haven'
t goxxed ltc yet...
kakobrekla: >Reported to police (they are really no help, so much for paying their salary, seems they've gotten fbi reports about bitcoins and don'
t really like them, started asking if I pay taxes on them...),
Namworld: That hype didn'
t do much good.
thestringpuller: Something smells rotten in Denmark.The mean stream media (msm) seem to be hyping bitcoin lately and I can'
t figure why.
thestringpuller: The mean stream media (msm) seem to be hyping bitcoin lately and I can'
t figure why.
mircea_popescu: maybe i don'
t understand mining but... mempool right ? it's in ram.