13700+ entries in 0.139s
mircea_popescu: anyway, to get back to the land of designs for a second : the original idea for tmsr isp was that it'd also function
as a holder of valuable (ie, "no longer produced") iron. and it'd carry it on its books, giving it a whole other kind of value.
phf: i believe dpb is in between houses so there will be some time before he has a reliable return address, but we've already agreed to
as much
mircea_popescu: so basically the idea was to use the foundation
as a shield/ralying flag
as may be needed.
mod6: So by using the foundation's endowment the idea was here, "the foundation is doing something",
as opposed to "mod6 doing something". That was the idea.
mircea_popescu: in other news, ben_vulpes mod6 is there some discussion that was had in foundation board
as to the wisdom/opportunity of commitment here ? are you basically trying to stretch capital or how exactly did the logic go ?
hanbot: mircea_popescu basically they made a constitution (
http://p.bvulpes.com/pastes/A5yUZ/?raw=true / just moved to
http://pizarroisp.net/?p=3 ) yesterday, there's no releasing of whatever private discussions prior. they're going to do some power testing on customer boxes
as a courtesy. ben_vulpes is going to take a few boxes there maybe next month. BingoBoingo "unsnarled" an mp-wp of unknown provenance, sadly he can't use the genesis item yet. some
mod6: (fwiw, I mearly read ".8 BTC debt to MP"
as something of a personal loan to BB since he was owner)
mircea_popescu: anyway, the formula above stands : the capital (1 above) multiplied by the discount rate (1.05 above) multiplied by the survival odds (3 in the 33% survival rate example ; could
as well be 10 in the 10% survival rate example, which iirc is what start-ups historically do)
mod6: Alright, so
as things in a start-up start to go south business-wise, for whatever reason, i.e. product sucks, whatever, the corresponding revenue/credit crunch makes it more and more difficult to service the debt.
mircea_popescu: so now ... the COST of carrying capital
as debt goes up immensely
as soon
as survival rates drop very slightly. start-up are notoriously unsurvivey, and so their debt would cost so much
as to ensure their failure.
mircea_popescu: if i lend a btc to a guy, in a market where the discount rate (what AVERAGE capital returns are
as per a, like the "cost of hotel rooms in this season/city) is 5% and whose survival rate is 33%
mod6: Fair enough, I may have just looked at the debt to be paid to you at face value -- just a simple bill that needed to be paid,
as opposed to 'bonds' or something else.
mod6: I expect quick turn around on questions --
As when emailing support, most queries can be responded to quickly. Others, maybe take 24-48 hours to have sorted.
mircea_popescu: asciilifeform apparently i have to flag you
as F on them ; for which we have to both be in. so at your leisure.
mircea_popescu: originally i was going to just call it off, have it liquidated and so on. because yes eventually it has to come to this, nsa was started on the premise that "here is a talented engineer who evidently has little ability to take direction or manage himself, but which we're construing
as due to poor prior context and expect will remedy itself, by itself, in short order".
mircea_popescu: suffice to point out that evidently enough the whole binome
as described is adaptive rather than designed. and it MUST be examined, and it must be repaired, rather than indulging in just
as childish deflection. o noes, ~i~ of all people want to drive s.nsa into a wall, fancy that wonder!
hanbot: trinque :
as in alcoholism, person wanting to quit has to --want to quit--. that's what i'm not seeing.
hanbot: aha. bills & addys and similar stuff being private makes sense; why's who would do what private, though? ah, that kind of "space". yes, it satisfies my curiosity, thank you for clarifying. fwiw i'm not sure what can be gained from "space"
as such - often what's most uncomfortable is what best leads to recovery and growth. but obviously your choice(s).
a111: Logged on 2018-02-17 15:22 BingoBoingo: diana_coman: The new management is working out the details for their clean takeover of the remains of BBISP
as a new venture. I defer the revelation of details to management.
hanbot: uld've extended to asciilifeform
as well, but after a week + of stubborn refusal to admit wrongdoing or show any signs of work towards avoiding said wrongdoing in the future, i'd be acting ---very irresponsibly--- if i let my admiration of the man and his past work (or my dislike of the discord lately) obfuscate a serious, present, problem. anyway, looking forward to reading the communications, assuming those are still coming. if not, the questio
BingoBoingo: <diana_coman> BingoBoingo, ahahah; ftr though that is ...true from all my experience
as it is, yes << Living in the hostel, you observe this a lot.
lobbes:
http://btcbase.org/log/2018-02-17#1784295 << I still think that this assumption, which you seem to be basing your current actions on, is a flawed assumption. But whatever, I'll still tune in to (and try to assist with, if assistance wanted) whatever asciilifeform (and ben_vuples mod6 and co.) produce. A split republic is still better than none
as far
as my individual fitness is concerned. Just... dumb.
☝︎ diana_coman: hence
as I said earlier: I'll be waiting patiently for its communications
diana_coman: mod6 I support tmsr isp but atm I am at a loss
as to what it is and how to actually support it
mod6: diana_coman, hanbot, same offer stands to you
as well.
diana_coman: BingoBoingo, ahahah; ftr though that is ...true from all my experience
as it is, yes
diana_coman: asciilifeform, the only way I can follow that is
as purely ideal "republic
as a notion" etc. perhaps true but not particularly... effective let's say
mod6: trinque: would you like to take over my spot
as Co-Chairman to the Bitcoin Foundation?
lobbes:
as no one will understand how to use; "hammer in nails with mircoscope"-ism
diana_coman:
as lobbes points out there are valuable resources in the forum, even if now reduced; not using them looks weird let's say
lobbes: Not just ISP venture, but Republic
as a whole. A mind with experience like mircea_popescu's comes along very infrequently. I.e. "resources" in my earlier comment refer to moar than just capital >>
http://btcbase.org/log/2018-02-17#1784360 ☝︎ mod6: So, we're working on it. And I am seriously discouraged by the line of commentary in here,
as opposed to support.
mod6: We don't have all of the details sorted out
as of yet -- and keep in mind it has been TWO DAYS, since we even contemplated this. TWO DAYS.
trinque: I am not tarnishing my reputation by the wallet operating
as anything other than a mechanism.
BingoBoingo: diana_coman: The new management is working out the details for their clean takeover of the remains of BBISP
as a new venture. I defer the revelation of details to management.
☟︎ a111: Logged on 2018-02-17 03:18 mircea_popescu: diana_coman "took me twice
as long" ?
trinque:
as for submission, in my house truth is the thing submitted to, and it so happens that most of the time I hold it.
a111: Logged on 2018-02-17 04:31 mircea_popescu: mod6 you are talking to a man who spent his time dicking about and
as a result is getting delorded.
mircea_popescu: anyway.
as he points out, not really much skin off my back either way. but consider that on one hand you're not exactly private investors there, seeing how fwiu you've involved the foundation's capital actually ? so you're stuck to some measure of public dealing an' tranparency
as'd befit such a lofty entity in its first actual commitment ? and on the other hand, bbisp kinda depends on good public perception.
mircea_popescu: mod6 you are talking to a man who spent his time dicking about and
as a result is getting delorded.
☟︎ mircea_popescu: if you find now
as opposed to whenever someone runs it, this differential is worth the difference between what and what ?
mod6: i have this mule box that i strap workloads to (core2duo box) -- should be fine
as long
as CPU isn't saturated, and during this test, the lappy was only like at .7 load or w/e
shinohai: Plox feel free to edit
as I have not advanced beyond first cup of coffee yet.
BingoBoingo: In other developments This week the residential bums around Montevideo Shopping have started addressing me
as "Maestro" rather than "Amigo" when I walk by. The first time was Tuesday, then it happened again twice yesterday with different bums. Will advise how this situation develops.
BingoBoingo: I read your brevity
as sufficient editorial to hammer the cognitive dissonance here on the subject. Well done.
a111: Logged on 2018-02-14 17:58 ben_vulpes: hey would you be so kind
as to push 3.3 btc of foundation funds to mod6's deedbot account?
trinque: indeed, only so simple
as completeness allows.
TomServo: ben_vulpes: I'm talking about changing my irc handle, such
as yourself.
TomServo: lobbes: Continuity break?
As I understood there was a (perhaps annoying to trinque) process for renewing keys.
lobbes:
http://btcbase.org/log/2018-02-14#1783926 << I'd say this one is more of a personal preference. I guess if you're going to start fresh now would be a good time, but personally I've never seen "handle=realname"
as so important
as to warrant breaking wot continuity.
☝︎ ben_vulpes: hey would you be so kind
as to push 3.3 btc of foundation funds to mod6's deedbot account?
☟︎ a111: Logged on 2018-02-14 14:27 BingoBoingo: ben_vulpes might be able to supply middle management if he takes an active interest in this venture. But
as per
http://www.thedrinkingrecord.com/2018/02/13/a-summary-of-bbisp-activity/#comment-114709 I would like to see new management present at least one plan where they envision keeping the corpse warm for a month and pulling the plug if they find it unfeasible in a way that allows BingoBoingo to survive in a position no wosre than
a111: Logged on 2018-02-14 15:13 mircea_popescu: or in more pointed terms, we've been running a
http://trilema.com/2014/ill-pay-for-your-tits/ except for brains. the reaction in the population has been comparable. it turns out about
as many people have brains
as girls have tits. and they're about
as intellectually useful, too!
a111: Logged on 2018-02-14 14:15 mircea_popescu: mod6 i'm not against you taking over ; but mind that
as you also mention, BingoBoingo 's problem wasn't lack of access to capital (i dunno why this keeps being the expectation,
as it's scarcely yet been the case, we're drastically overcapitalized is the entire fucking problem to begin with). BingoBoingo 's problem was lack of access to middle management, and it nigh on killed him. so for this to work, that's the key element.
a111: Logged on 2018-02-13 17:58 diana_coman: yes, how big is not a head count strictly of course; put it
as how powerful if that is clearer
a111: Logged on 2018-02-14 15:11 mircea_popescu: which brings the following point home : it's not at all
http://btcbase.org/log/2018-02-13#1783553 ; it's very much that the republic doesn't actually have the intellectual capacity to handle the needs of its immense capital,
as of yet.
a111: Logged on 2018-02-14 15:09 mircea_popescu:
http://btcbase.org/log/2018-02-13#1783585 << continuing on this discussion (not so
as to improperly call asciilifeform 's usual dithery blather such ; but for the record, that a discussion was at least ~attempted~) : s.mg boardroom eventually decided yesterday to employ a format for the pre-padded rsa messages. it will consist of [F][random bits][message].
a111: Logged on 2018-02-13 17:54 diana_coman: in other words this can be put
as: tmsr's l1 atm is not big enough yet to support an isp of its own
mircea_popescu: in this scheme, F is an 11 byte construct,
as follows : [byte, random][bytem size][bytem size][T][M][S][R][-][R][S][A]
mircea_popescu:
http://btcbase.org/log/2018-02-13#1783585 << continuing on this discussion (not so
as to improperly call asciilifeform 's usual dithery blather such ; but for the record, that a discussion was at least ~attempted~) : s.mg boardroom eventually decided yesterday to employ a format for the pre-padded rsa messages. it will consist of [F][random bits][message].
☝︎☟︎ a111: Logged on 2018-02-13 17:40 asciilifeform:
as far
as i can see, there is a shortage of heathens who have any btc to spend to begin with. (much less who want to spend it on a vps)
mircea_popescu: sure
as waterlillies nobody put an import tax on AA, there or anywhere else. and yet.
mircea_popescu: they're fuckups altogether,
as a substance not
as a coincidental, environment-driven property.
BingoBoingo: mircea_popescu: One day at a time. This has been good for my AA basics even if the local AA seems more cargo cult
as my spanish improves.
mircea_popescu: MEANWHILE, however, they have 100% unaccounted for the time externality. so basically it's a contest consisting of a guy without legs going about finding fault with people's fingers. because he's decided "legs don't count", and so
as he has much better hands than the rest of those losers he should be captain of the football team.
☟︎☟︎ mircea_popescu: mod6 i'm not against you taking over ; but mind that
as you also mention, BingoBoingo 's problem wasn't lack of access to capital (i dunno why this keeps being the expectation,
as it's scarcely yet been the case, we're drastically overcapitalized is the entire fucking problem to begin with). BingoBoingo 's problem was lack of access to middle management, and it nigh on killed him. so for this to work, that's the key element.
☟︎ mod6: Furthermore, we will bring management and retain BingoBoingo for his services
as 'Remote-Hands'.
mod6: We hope, to retain Mr. Popescu
as a customer,
as well
as ``Minigame'', S.MG, so known.
mod6: !~ later tell jurov Please to ping me
as soon
as you get a chance.