131721 entries in 3.004s
gigavps: i just don'
t like dealing with your sock puppet
usagi: And this one was mine. It all started one day in 1996. This is the story of one Satoshi -- the Satoshi that knew too much. Although if one were to be intellectually honest one would have to mention that Satoshis are not sentient and can'
t really know anything. It's just a manner of speaking. Yes, it's reification, but there is a method to the madness. And this Satoshi had seen and done it all.
usagi: I don'
t really think it's proper to call a -PR account a sock puppet
gigavps: i don'
t have a sock puppet account and can speak for myself just fine
gigavps: i don'
t keep up with sock puppet accounts on the forums
gigavps: ciuciu why don'
t you PM him
usagi: You can'
t seriously run a business without a treasurer or a dead man's switch nowadays
usagi: The thing is this isn'
t 23nm
mircea_popescu: Diablo-D3 there are some cheaper variants to set up that deliver dubious product, as in, the economies of scale don'
t get to play much
usagi: ASICMINER is 130 isn'
t it?
mircea_popescu: an asic run is in the 50-100mn range as the absolut minimum. they don'
t have 50 mn.
mircea_popescu: smickles no, i just don'
t patronize places where idiots like gmaxwell are allowed to run wild.
Ignatius-otc: I haven'
t had it take longer than 6 confirms eprsonally.
mircea_popescu: didn'
t kludge get burned a yet undisclosed ammt over the owens/zip/rebate fiasco recently ?
mircea_popescu: <assbot> [GLBSE] [DMC] 4 @ 0.05 = 0.2 BTC [+] wait a second. didn;
t that start at 1.0 !?
smickles: ciuciu: you're really hung up on that, arn'
t you?
patrickharnett: I didn'
t notice the 30'th date - wouldn'
t be a problem anyway
mircea_popescu: the only difference, teek, might be that in general cdos are based on fixed rate investments, which arguably mpoe bonds aren'
t, or at least eskimobob so argues.
usagi: Well teek, didn'
t you actually invented the first CDO you know, teek.A and teek.B?
teek: usagi, this isn'
t really the same as nyan
mircea_popescu: tbh i don'
t think there exists more secure anything than .A atm.
DeaDTerra: Maybe a NyanCat? or maybe it wasn'
t a cat at all just Nyan. yea just Nyan
usagi: I can'
t access google docs in China
mircea_popescu: i fully understand this, and it's ap roblem, but it can'
t be resolved overnight.
mircea_popescu: i can'
t paste that with stuff doing 0.3% per week, even tho i understand that 15% pa is significant.
usagi: I can'
t sleep Diablo
usagi: They won'
t notice the loss.
usagi: You can'
t get my address
usagi: Don'
t want any backlash you know what I mean
zefir: Goat, you didn'
t bulk-order?
zefir: ASICMINER sold out ;) and assbot didn'
t notice :-/
mircea_popescu: this isn'
t bullshit post-Casino irl. this is pre-Casino
smickles: mircea_popescu: the more i think about it. the 'watching mpex addy and keeping track of stuff internally' method isn'
t as complicated as i made it out to be
mircea_popescu: i mean, why would someone fuck you up on deposits if thery can'
t withdraw the benefit ?
smickles: yes, i can prevent the exploit which I originally brought up thru careful monitoring, but who's to say there's one I have'
t thought of
smickles: which doesn'
t require me to hold lots of btc to float users
dub: since I know this isn'
t the case we can surmise that he is high on dick
smickles: thanks for the attempt, but that really didn'
t help my quest :)
dub: if I didn'
t know better I would assume Diablo-D3 was drunk
MoneyIsDebt: Diablo-D3: I get the feeling you don'
t like slashdot that much?
mircea_popescu: leaving some to conclude that the payments don'
t really happen either.
Ignatius-otc: I haven'
t checked that, would be interesting if so.
smickles: i'm just going to have to do a bunch of addition and subtraction to verify actualization of deposits in order to have mpex sub-accounts, arn'
t i
mircea_popescu: smickles especially a hosting that won'
t pull a linode
smickles: EskimoBob: yeah, but we can'
t leave evil out of sci-fi stuff like this
mircea_popescu: i don'
t believe we need to try and replicate fiat instruments in btc.
mircea_popescu: well, not really. and any way you can'
t recall them during their current month.
smickles: if mpoe actually held some capital, it wouldn'
t have to buy money
mircea_popescu: and i don'
t want to, cause imo that's the main value of the entire thing, it allows me to have a mpbor
copumpkin: mircea_popescu: oh, there might have been competition, but not as much as there might have been if you hadn'
t tied it up :) since many potential competitors might abstain from participating, just because of the risk, even if they were willing to offer low rates
copumpkin: mircea_popescu: that doesn'
t mean there was competition
smickles: mircea_popescu: wouldn'
t there be competition even w/o the 'tie up'?
smickles: mircea_popescu: arn'
t those ppt.X things zero cupon bonds?
smickles: EskimoBob: but the floating can'
t be negative, right?
mircea_popescu: smickles it wouldn'
t be either better or worsde for mpoe, the % would just be smaller.
mircea_popescu: im gathering that the main problem here is that i haven'
t carefully enough sepparated the two parts
mircea_popescu: you can'
t seriously tell me this is the risk-free rate.
mircea_popescu: you don'
t know me too well i guess, but i am all about finding the best ways to do finance in btc.
mircea_popescu: you don'
t know loss will occur on mpoe, actually historically hasn'
t really so far.
mircea_popescu: for many reasons, including "cant sell your own child" and "can'
t establish the best price to sell art so can'
t sell"
BTC-Mining: Did he ever mine at all to start with? I suppose so or there wouldn'
t have been a first few blocks. Unless he found a few people not long before launched, pitched the concept, and they started to mine since day one that the code was released
mircea_popescu: you don'
t ipo as a dood that doesn'
t even know what gpg is.
mircea_popescu: that people in general aren'
t capable to correctly value.
mircea_popescu: hey, i've made profits too, but the point remains : they aren'
t really bonds.
BTC-Mining: They wouldn'
t upgrade to Y something on the pretense X something is now upgradable
BTC-Mining: He could do it that way: I've sold you a contract for X mhash. Equipment remains mine, and I'll trade it for 20x more mhash, but won'
t give you anything
mircea_popescu: if i lend you a car i haven'
t sold you it, i've lent you it
mircea_popescu: all mining assets that didn'
t make 20% per month past 3 mionths are a net loss.
mircea_popescu: in strict depreciation terms all mining assets that didn'
t make at least 9% per month are a net loss.
smickles: i dunno, it doesn'
t make sense. it's the weekend, and i drink on the weekend
smickles: it wasn'
t much higher at the beginning of this month
Luceo: mircea_popescu: The flaw is that stupid people don'
t read the descriptions of the trades :P
Luceo: ^ And ugly tits don'
t count