log☇︎
220100+ entries in 1.704s
BingoBoingo: bats_cd03> BingoBoingo: brilliant << Not a construction of mine. An event that happen, recorded in my wetware and entered into the public record
nubbins`: i've still got a "gilbert dollar"
asciilifeform: BlueMeanie4: your story concerned a town which printed its own internal currency, yes ?
BingoBoingo: <decimation> I suspect that the number of USG employees who understand money is too small to coordinate a mass bitcoin theft << Even my FBI agent admitted holding some bitcoin... The Treasury agent though was silent on the matter
BlueMeanie4: or various immature responses designed to detract away from what is obviously a failed argument
bats_cd03: after you have, read some austrian theory. write a 10pg open response.
asciilifeform: BlueMeanie4: nothing stops a btc user from lending to another
bats_cd03: maybe we should rewind and assign a reading list. have you read keynesian theory, BlueMeanie4?
BlueMeanie4: wow that is- AT BEST- a radical view of economics, but more accurately just cluelessness
decimation: BlueMeanie4: a world without loans would be far more rational in its allocation of wealth
bats_cd03: mortgages does make people a lot of slaves
asciilifeform can't help but picture a coprophagiac walking into a fine restaurant, proceeding to argue - with physical demonstration - his concept of 'fine dining'
BlueMeanie4: its not a heresy, it's just a lower form of money
decimation: I suspect that the number of USG employees who understand money is too small to coordinate a mass bitcoin theft
asciilifeform: BlueMeanie4: all that remains is to ask you - if you believe 'hard money' to be a heresy, why are you here? and not in '#dollar-assets'
BingoBoingo: bats_cd03> an early silk road entrepreneur living it up on southern california after exchanging btc for fiat; authorities spy, notice new camaro but no regular employment since 2010... questioned, gasenwagen, perhaps USG confiscates some coins along the way. everything is gravy, republic lives another day. << And I bless Jebus I am but a midwestern pauper
decimation: bats_cd03: such a person ought to pay taxes and/or have a lawyer
mircea_popescu: now, who's more likely to have had a good fuck ?
mircea_popescu: i guess he doesn't wanna addres it, but let's take a stab anyway. BlueMeanie4 suppose two people wanted to fuck, and both liked to fuck. in scenario A, they fuck. in scenario B, they exchange obligations to fuck, then fuck.
BingoBoingo: mircea_popescu: Who said anything about scaling. Sewers were a problem for the Spanish because of the scaling involved...
mircea_popescu: BingoBoingo doth not scale outside the dunbar number w/o a wot.
BlueMeanie4: if you have enough gold. these people didnt each have enough gold to buy a house, but collectively they had the skills to make houses
BingoBoingo: <BlueMeanie4> but the money and debt allowed them to be specialists << Fraternities at universities do this without the debt. With beer, a good, they manage to trade the good for pledge's dignity.
decimation: you think I could buy a house for some gold?
BlueMeanie4: its similar with mortgages, requires capital to get all the specialists together to make a house
BlueMeanie4: where there was once no houses, or even individual ability to create houses, there was not a usable house
bats_cd03: lol not an expert. anyway, i speculate: it could be a combination of due diligence combined with the USG trying to acquire as much btc as possible, theretofore held by citizens not entirely faithful to the fiat gods (e.g. tax evasion, other 'illegal' activities)
mircea_popescu: BlueMeanie4 no, but it's not a fair representation of what happened.
mircea_popescu: hey. it seems it'll take a while until this problem will be operationalized enough to be acceptable.
mircea_popescu: but if it does a lot of it it ends up like the us.
mircea_popescu: now, a little empoverishing itself for the sake of stroking its impatience may be okay
BlueMeanie4: and they made their own money system, a local currency
BlueMeanie4: i was in Belgium for a while and there was a group of people out in the country side
decimation: BlueMeanie4: do you think a finite supply of money is sufficient?
BlueMeanie4: thats how a money supply expands
BlueMeanie4: makes a society wealthier
mircea_popescu: you don't create new wealth by creating new obligations or else a law that'd enact the obligation of pigs to fly would make us all rich.
asciilifeform: how can we generate millions USD in wealth << build, say, an aluminum refinery and find a new deposit of bauxite.
asciilifeform: BlueMeanie4: is your (or mine) inability to answer this question with a definitive number (x kg, y usd, etc.) a 'problem' ?
BlueMeanie4: its like a BBS
BlueMeanie4: what is needed is a way to quickly INTERROGATE the contracts
mircea_popescu: it's so fuckng biased we have a wot to deal with the bias hierarchy
BlueMeanie4: come here WOT lets have a group hug
BlueMeanie4: WOT is a rating scheme
mircea_popescu: looky here : because wot users are identified, and their reputation forms a market hierarchy
BlueMeanie4: this is a big problem. this leads to market bias.
mircea_popescu: BlueMeanie4 no, and what's worse i don't see a way to translate your formulation of what's a problem in fiat marketplaces into ap roblem here.
asciilifeform: let's assume that superman flies in before anyone and 'takes or leaves.' how is it a problem ?
BlueMeanie4: do you accept that this is a problem?
mircea_popescu: BlueMeanie4 how would such a party have such an ability ?
BingoBoingo: BlueMeanie4: I'm just curious because my Mac SE/30 was useful until rather recently running a decently modern Unix until physical failure.
mircea_popescu: BlueMeanie4 you'll have to at least build a theoretical model showing how this attack'd work. kinda how it's done.
BingoBoingo: BlueMeanie4> i dont know << When's the last time you used your Apple II for a modern task?
BlueMeanie4: because no where do you even indicate that this is a problem
BlueMeanie4: lets say 100k changes hands a day
BlueMeanie4: if i can exploit, and it makes me a dollar or two, i will
mircea_popescu: why is this a problem ?
nubbins`: that's a general human problem
BlueMeanie4: well its not so much a problem of 'slow'
mircea_popescu: you'll have to sit down and confront the twinheaded fact that a) before you can improve on something you have to gain good familiariy with it and b) that the temptation to just make as a cheap substitute for understanding is sinful.
BlueMeanie4: its more of a distributed system
mircea_popescu: <BlueMeanie4> this is also a problem with Bitcoin, and thats why Counterparty cant be used for anything serious << this high speed thing is an unresolved problem in many ways.
BingoBoingo: A private assignment of anything should never have the wires be the limiting factor in its speed of execution, other things will slow it first.
BlueMeanie4: how do you measure success in a software project?
BingoBoingo: Contracts available for trading publicly need a centralized exchange. Private contracts need negotiation et al.
nubbins`: there's a dick surgery song about this very thing
BingoBoingo: BlueMeanie4: I think a problem is you are confusing particular contracts and contracts in general
BingoBoingo: If speed were the greatest virtue public transportation would not be a bus network, but coin operated people howitzers on every street corner
BlueMeanie4: first person to bid or to execute a contract
BlueMeanie4: sure, and this isnt a problem unless youre doing something where people are competing to be the first
nubbins`: thought i hit a roadblock with the poster color separations, wife suggested a solution that's even better than what i'd originally planned
BlueMeanie4: this is also a problem with Bitcoin, and thats why Counterparty cant be used for anything serious
BingoBoingo: BlueMeanie4: A disctinct advantage of IRC is its robustness, DDOS'ing even aggressively at best interupts parts or the network rather than killing it.
mircea_popescu: now whether it's irc or a website or anywhere else should come down to a technical discussion
BlueMeanie4: i may make a contract system that doesnt use irc
gribble: Error: Could not find a pending authentication request from your hostmask. Either it expired, or you changed hostmask, or you haven't made one.
mircea_popescu: it's a time tested system to keep idiots out.
BlueMeanie4: i have a degree in CS
gribble: Error: Could not find a pending authentication request from your hostmask. Either it expired, or you changed hostmask, or you haven't made one.
mircea_popescu: it looks and sees a diff guy is putting in the decrypted string and calls shenanigans.
gribble: Error: Could not find a pending authentication request from your hostmask. Either it expired, or you changed hostmask, or you haven't made one.
penguirker: New blog post: http://thewhet.net/2014/some-mendicants-a-hill-moistened-bints-and-deep-breaths/
mircea_popescu: fluffypony: "After a whirlwind of bidding activity, a 9.0-graded copy of Action Comics #1 sold on eBay yesterday for a whopping $3.2-million, the most ever paid for a comic book" << clearly no inflation propping up nasdaq. it;'s all just legit money, which is why all art and collectible prices are up 10x
mircea_popescu: a millenium+ ago.
asciilifeform: perhaps the nail polish - in a transparent variety - will catch on there.
mircea_popescu: o and also : IF you want any sort of shot at a decent lay, you're to have full nudes on the internet before you're 18 and aging starts.
mircea_popescu: ally reinforces a pervasive rape culture in our society.
mircea_popescu: Women are already expected to work hard to prevent themselves from becoming the victims of sexual assault. They’re told to avoid wearing revealing clothing, travel in groups, make sure they don’t get too drunk, and always keep a close eye on their drink. Now, remembering to put on anti-rape nail polish and discreetly slip a finger into each drink might be added to that ever-growing checklist — something that actu
dsherm: as long as it is a limited useful commodity
mircea_popescu: dsherm sure, and the total amount is upper bound. but see, journos do a lot of sloppy thinking. the total amlunt being upper bound != non inflationary.
mircea_popescu: at first i thought this must be a scammer play.
thestringpuller: i just got a mac book air
thestringpuller: better than ruining a mac no?
nubbins`: i just ruined a mac battery
thestringpuller: nubbins`: did you just ruin a mac?
thestringpuller: dsherm: is that a new one?
assbot: Logged on 11-08-2014 23:15:37; mircea_popescu: godovo http://trilema.com/2014/awstats-and-stuff/ << 1mnish pages/month means even if they optimally use tor, it's still a tiny %.
thestringpuller: if bot and key are on same machine, bot daemon can just run gpg agent as a daemon...
thestringpuller: or more giving a key to a bot...
thestringpuller: mircea_popescu: when assigning a key to a bot, what is a good way to allow the bot to access it? is a passphrase even practical?