229400+ entries in 1.901s
Rassah: Plus I like driving
a cell phone on wheels :D
mircea_popescu: (for the newfags, this "less than
a house" thing is
a reference to
a 2012 discussion re jcpham's investment in pirate. he had less thna
a house, more than
a car there)
danielpbarron: i don't think
a 1`000 BTC prius can ever get
a ROI
Rassah: I don't give
a shit about the environment. I bought it to save money
rithm: so clandestine three-letter agencies dumping the firewire, supermagnets, and
a failed raid controller
mircea_popescu: kakobrekla see ? he got
a 1k btc prius. beats your golf cart.
rithm: someone linked me to the blog and i read paranoia and/or
a failed raid controller
rithm: so mpex had
a raid controller failure
Rassah: at $22, thinking "bubble." I was wrong on that, but my car had 250,000+ miles on it and was almost dead, so *shrug*. I have never sold out any of my other coins. As far as anyone knows, I have lost them all in
a boating accident, or when I accidentally dropped my USB stick into an airplane toilet and flushed it out over the Atlantic
Rassah: I was an early adopter, I bought bicoin usin my OWN retirement funds (i.e. money slated to go to IRA and savings every week ended up going into Bitcoin). Then I borrowed some more money from our HELOC to buy
a $30k BLF miner, I never preordered, waiting for them to ship, by February 2013 they still didn't ship, so I sold those bitcins, paid off the HELOC, and bought this
http://imgur.com/ZGjrh4e instead. I bought at $8, and sold
ThickAsThieves: Rassah you can be like Tesla and make
a big deal, say you are open-sourcing your mesh network tech
mircea_popescu: ThickAsThieves rassah is chiefly famous for having been an early adopter, then having bought bitcoin out of some sort of
a retirement fund w/o the so's permission, right before the climb to 8 or something like that. then sold out and well, one of the first people to pay their mortgage "because bitcoin".
mircea_popescu: this is the sort of thing
a megacorp
a la sony can still botch.
Rassah: He thinks if it won't make him
a million ad get him
a fancy sports car, it's not worth bothering with
Rassah: I beieve the idea is to get merchants to use
a "terminal" or sorts to use our cards with, which will provide some of the mesh. Once the cards are done, we'll probably also sell solar powered radio repeaters, with no screens or walet, which should make those dirt cheap too. Then you just glue them to tops of things
Rassah: Keep in mind, this thing, before it's laminated, is as thin as
a piece of paper. Battery included. (and all flexible, including the display). Not much room or power for bluetoth
Rassah: First version of Bitcincard will just be
a hardware wallet. Later version, once we get newer battery technology implemented (I think carbon?) it will do full mesh networking, meaning you'll be able to use Bitcoin without need for inernet, and if charged with solar, infrastructue of any kind
Rassah: No, we just got the prototypes in the office
a few weeks ago
mircea_popescu: Rassah so it's
a half-implementation of bitcoin-qt, doing only the wallet part ?
Rassah: Bitcoincard started as
a mesh network based idea for
a text messaging device. Then the gy who was developing it found out that it's perfect for
a bitcoin wallet, ad switched directions, forming Mycelium
ThickAsThieves: i recall them having
a credit card gizmo with buttons on it
chetty: <Rassah> Oh. You're all millionaires here?... whats
a millionaire? why is stuff being measured in dollars?
ThickAsThieves: Seamlessly, without numerous middlemen cutting off
a big chunk
mircea_popescu: had you spend the past year or w/e cultivating irc, instead of wasting time on forums/skype/etc, you'd be in the position of lolling at the notion of
a fiat bank.
Rassah: I would trust an established banking institution more than an OTC trader with 2 or 3 ratings. I would trust an established OTC trader more than
a bank
Rassah: From the way he described it, I think he only wants it to be
a temporary stepping stone to make USD to BTC transition easer, and doesn't expect it to last very long
danielpbarron: realcoin is not relevant in
a post-fiat world; why even waste time on such
a notion that only solves the "problem" of mass adoption
Rassah: So, has it been long settled that we don't need
a distributed exchange? I missed that memo...
Rassah: According to Brock, initially trough his own bank/exchange, and hopefully eventually through whatever banks support his system. So maybe yours. Since banks make money by charging fees to transfer money around, it may be difficult to convince them to add
a system that lets them transfer their own dollars for little to no fee though
mircea_popescu: it's nonsense on
a fucking stick, bitcoin and fiat still have different hardness.
Rassah: Realcoin: you agree to
a trade with
a bicoin sellet. You create
a ransaction that trades one of the other. The trade is signed and happens at the same time
Rassah: #bitcoin-otc: you send
a promise of dollars, the seller escrows bitcoins. Dollars take time to get to the seller. Once they do, escrow releases coins to the buyer.
Rassah:
A dollar that trades directly on the bitcoin blockchain, allowing for atomic exchanges between bicoin and dollar-value asset
mircea_popescu: Rassah the statement is typical of
a desperate play for relevancy coming out of the sort of idiots that imagine claims matter.
Rassah: Although I support Realcoin, that statement is
a bit... reduntant? Useless? Price moves for or against relative to something else, so instead of using Realcoin, you can just as easily use that something else...
ThickAsThieves: "Realcoin, therefore, represents an opportunity to speculate with fiat currency for the first time. If you have reason to believe its price will move for or against
a digital currency on the market, now you can take advantage of that. "
Rassah: Woah. I haven't authenticated in over
a year. Shows how often I visit IRC :p
BigBitz: mircea_popescu I thought you'd have
a beard/shorter hair.
mircea_popescu: now we know how many muricans it takes to fill
a cunt.
mircea_popescu: "Last month it took more than 20 firefighters to free
a US student who had become trapped inside
a giant sculpture of
a vagina in Germany."
nubbins`: take
a well-kempt person in one, and sure. looks fine. but then, most things do
nubbins`: and nobody wants to see
a slob's gross yellow armpits
nubbins`:
a nice soft t-shirt is like being draped in jersey-knit bedsheets
nubbins`: HEY GUYS HERE'S AN EXAMPLE OF WHAT IT LOOKS LIKE ON
A GIRL
bitcoinpete: "BRICS -- are due to approve the creation of
a new currency reserve fund and development bank at their summit in Brazil, which starts today."
fluffypony: so there's
a ton of work on that to finalise before the 25th
fluffypony: and then we're tendering for
a sales office on an estate on the Garden Route that has tons of holiday homes for rent
fluffypony: bitcoinpete: had lots of catch-up work to do, missed
a group exco meeting whilst I was away
bitcoinpete: we were just mentioning you vis-
a-vis silbert's node
bitcoinpete: just linked him pankkake's article on running
a remote one
bitcoinpete: "@jgarzik Jeff, is there
a dumbed-down explanation somewhere of how to set up
a node?"
mircea_popescu: d) they... actually... run
A DIFFERENT AD NETWORK in their dash.
mircea_popescu: so
a) they advertise in google, paying top dollar (1st result)
assbot: Bitcoin industry thrives in Argentina. "
A new safe haven". - Singularityisnear
mircea_popescu: danielpbarron this is false, i personally had drinks with
a bunch of openly gay people there.
decimation: I guess I was thinking of reasons why "the public" would bother to invest in
a publically available stock.
mircea_popescu: no mention of age, but I am ready to take
a bet that your average highschool today is half-bi, half bi-curious gals.
mircea_popescu: this okcupid stuff is
a goldmine. "Another inquiry that had unexpected results: we asked 252,900 straight people have you ever had
a sexual encounter with someone of the same sex?". men : 7% did and enjoyed it ; 6% did and didn't enjoy it ; 5% didn't but would like to try. women : 26% did and enjoy it ; 7% didn't enjoy it ; 18% would like to try it.
decimation: it seems to me that there's
a pent-up demand for income for those who are holders of bitcoin
mircea_popescu: so yes, it IS
a gift to the community. just, not in the sense you'd think. it's the sort of gift you're not at
a loss for giving, like sharing music.
mircea_popescu: this is in fact correct. if someone wants exposure to x market, with
a company in x market listed his options are "invest or roll your own"
mike_c: mp also has
a theory that listing prevents competition because they can just invest in you instead of building
a copy.
mircea_popescu:
a more practical approach is to look at "why do people get into the wot ?" and go from there. why do people finish highschool ? why do people go on to college ? should everyone with
a hs diploma strive to go to college ? etc.
mircea_popescu: it also has some disadvantages, such as
a loss of control, or association with another party or whatever.
mircea_popescu: Scoring : you get to know how good you're doing, as
a manger.
mircea_popescu: Capital :
a listed company has more capital, and more ready access to capital.
mircea_popescu: but in general :
a listed company has some advantages, and some disadvantages. let's look into it.
mircea_popescu: existential questions are fundamentally broken because things that exist exist in an infinity of ways, whereas things that are represented are represented in
a finite manner.
benkay: mostly 'cause i'm
a derpy young thing trying to not. lose. money.
mircea_popescu: it's like "why get married", "why make friends", "why eat
a steak" or w/e.
benkay: those three days up in
a row