log☇︎
242100+ entries in 1.676s
decimation: "Intellectually it is a fascinating story. If you look at the market cap for bitcoin, it is for the five billion dollars. -- $4 billion to $5 billion.
kakobrekla: https://scontent-a.xx.fbcdn.net/hphotos-ash3/t1.0-9/10256067_10154090400905284_2099256056379806121_n.jpg
kakobrekla: maybe its a good time and place for this nao :)
HeySteve: ;;google the bitcoin foundation is a scam site:log.bitcoin-assets.com
fluffypony: coloured coins are maybe more interesting, but then I have to wonder if it's solving a problem that needs solving?
fluffypony: I do have a problem with something that seems to, on face value, just enable scammers to scam even more easily than CryptoStocks
fluffypony: let's say it's provably a scam and the operator has disappeared
fluffypony: CheckDavid: fundamentally I don't have a problem with the *idea* of a distributed exchange, the problem is that it's not realistically plausible right now (in terms of being able to handle any significant trade volume)
CheckDavid: I am a bit confused
bounce: was a bit of a spat not too long ago, when they made it mandatory
bounce: "translate href except for /search...src=hash" might be a reasonable shot
kakobrekla: someone post a link to some tweet for test
benkay: you can configure big boy irc clients to handle that for you, although that requires storing a password on disk.
Guest89510: so now ive been demoted into a guest lol
benkay: see this is a problem with having one irc nick and another wot nick
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
benkay: xchat's not bad if you're a gui guy
benkay: irssi's a good one if you're command-line competent (and being so is recommended for crypto use)
Drew: im about to post a different version of my little investment seeking thread on bitcoin talk, self moderated to delete trolls and just let it sort of sit around as advertisement while i start building my trust to approach from a different angle
bounce: apparently the tweet is right there, in a <p class="js-tweet-text tweet-text"></p>
FabianB: heh, thought of requesting this too a few hours ago
herbijudlestoids: our small company is being invested in! by a big company!
bounce: we've already seen that insecurity is no object, instead a rather desirable property; it's the /perception/ of insecurity that matters, and for that there's propaganda
jurov: a faimly has one account where it's a must and for everything else jut cash is used
bounce: oh the banks just up the fees for their customers, but they're a package deal on the account level, not individual transaction level
bounce: the fees are in "having a bank account" and (perhaps separately) "having a chip&pin card", and a lot more for "having a credit card"
jurov: imagine starting a sentence "if goverment slashd the taxes by 60%..."
assbot: BitPay raising $30 million of capital, gives itself a $160 million valuation which is ridiculous | The Cryptocurrency Times
kakobrekla: http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/bitpay-raising-30-million-of-capital-gives-itself-a-160-million-valuation-which-is-ridiculous/
bounce: until they drop the fees to ~1% and put a big push on people using chip&pin, then the sheep'll do just that
fluffypony: because the banks charge a fixed monthly "rental" for the machine
bounce: europe. where the government also requires pay to be made by bank transfer and so requires everyone in the workforce to have a bank account
bounce: then again, in chip&pin countries there's a big and continous push to use your bank card (or cc if you must), to the point of there being multiple chains that don't accept cash at all any longer
fluffypony: well jurov's got a point - they keep doing big pushes here in Africa to "bank the unbanked", but they forget that often the unbanked want to stay that way to avoid paying tax
asciilifeform: jurov: discussion was about the logical next step re: rfid, where you spend money just by walking through a door
asciilifeform: it is, however, still possible today to walk around a city, buy food, visit park, etc. without phone.
bounce: rather build a mostly self-sufficient house with plenty farmland and a cellar full of build-it-yourself equipment. lathes, 3d printers, what-have-you
asciilifeform: mircea_popescu: i don't like this entire in person shopping thing anyway << dragging one's arse to a shop remains a pain. rfid arches might ease the pain, but at what cost.
bounce: begging, a growth industry
asciilifeform: mircea_popescu: that bank pic looks like... athletic tourney chart. should we expect a 'amerikanskiy narodniy bank' to show up at the pointy end of the tourney bracket shortly?
assbot: Twitter / Mircea_Popescu: Once a market is perverted ...
mircea_popescu: asciilifeform> other thing, folks will answer 'i've an electromagnetically-shielded wallet! haha' - but see who laughs last. eventually, you won't even be able to walk into a shop unless the door can read your CC << this is a good thing, becayse i don't like this entire in person shopping thing anywayu
benkay: thestringpuller: the girl put together a boquet for which i took credit. i am also going over this morning to take credit for the meal my sister is making.
jurov: i think he's a subversion of mircea's thickening necks theory
kakobrekla: he came a long way for a zombie
davout: kakobrekla: he's like a zombie that you can't kill because there's no brain to shoot
davout: the dotcoin dude: "You will never win! The smart guys know what happen and your problems can only be regulated by a psychiatrist!"
thestringpuller: "You wanna be a CEO huh? Start by joining #bitcoin-assets"
asciilifeform: other thing, folks will answer 'i've an electromagnetically-shielded wallet! haha' - but see who laughs last. eventually, you won't even be able to walk into a shop unless the door can read your CC
asciilifeform: this is not simply poor engineering, or penny-pinching. there is a purpose.
davout: asciilifeform: i'm not a camel, my bulge is on the other side
asciilifeform: then go and prove that 'you are not a camel'
asciilifeform: he just needs your name, and a few commonly-available biographical stats about you, and can borrow $1M in your name.
asciilifeform: the way it works now, a thief doesn't even need to steal your account #s, etc
asciilifeform: you, from the standpoint of mr. bezzlemeister, are a problem in need of solution
asciilifeform: the short version: say you live in the u.s., work a decently-paid sort of work (e.g. engineer), have few or no expensive vices, etc.
fluffypony: asciilifeform: interesting - got a read for it or is it easy to find on Google?
mircea_popescu: and a russian.
mircea_popescu: they're all related to a german.
asciilifeform: there wasn'ty going to be stone left upon stone << mircea_popescu is optimist! thinks there'll be a stone left standing over here...
davout: re what we were saying about mastercard a couple of weeks ago
mircea_popescu: "On April 21, 2014 bitcoin got its first lobbyists, however a competitor hired them. DC lobbying firm, Peck Madigan Jones, registered not one, but five of their employees to lobby Congress on “bitcoin” and “virtual currencies.” The client they are registered for is MasterCard, a transaction competitor to bitcoin"
InGoldWeTrust: I thought this was a chat room for bitcoin, must be the wrong place
BigBitz: "saved" is a rather bold sentiment mircea_popescu.
bounce: the crackdown on who can open a bank account where is largely US (and UN-lobbygroups) driven
davout: yea, there a fuckton of french people that have swiss bank accounts, all the folks working cross-border, plus a bunch of wealthy ones
BigBitz: I thought, at a min, residency as bounce said, but I actually thought they had some Citizenship nonsense as well.
davout: "Nobody can have a .ch bank account unless they are a .ch citizen AFAIK" <<< nah you don't need to, you don't need a corp either, you just need to convince a banker
bounce: and a couple thousand in fees and things
bounce: oh, 20k or 100k CHF, to be deposited in a swiss bank account.
BigBitz: yeah pretty sure there is a capital requirement as well.
mircea_popescu: why is this a concern ?
bounce: IIRC there's a bit of a capital requirement for that
mircea_popescu: (ie, just open a corp_
BigBitz: Nobody can have a .ch bank account unless they are a .ch citizen AFAIK.
BayAreaCoins_: Have a good day
BayAreaCoins_: You know as a American I can't have a Swiss bank account? Sure I understand not giving your bitcoins away as a bitcoin person, but if you are someone else it might not be such a bad option...
BayAreaCoins_: I understand the trust issue, I'm in bitcoin too :), but it seems like it would be a nice option.
BayAreaCoins_: I had a ad on Just-dice for a while thanks to doog :P
BayAreaCoins_: Snail game is a interesting one... I'm stil learning it. Basically I have this whole side of the world to myself because it is against the law to import live snails into the USA.
BayAreaCoins_: I do a number of things though. Sold a business in 2010 and did the college/frat thing. Fucked off since I learned that college should be paying me for the homework I was doing for them
BayAreaCoins_: I plan on making $100,000 this week and I just wanted to spy a little
BayAreaCoins_: Like the gold guy in South America... like 50bil to 4 in a year :-\
mircea_popescu: i was worth like > 1bn earlier this year, nao moar like a third that.
mircea_popescu: davout you'd make a horrible us internet person.
BayAreaCoins_: mircea_popescu So does that mean you will take the chance of floating your coin to fiat for a price fall or do you hold strong and long
mircea_popescu: davout i already am a terrible french person i mean
mircea_popescu: want more, wait a little.
davout: you would be a terrible french person
mircea_popescu: open a restauant which only serves foods which can be consumed at such a temperature that their overal caloric balance is nil
mircea_popescu: so here's a kickass business idea :
BayAreaCoins_: Slide show is like when the pictures change every 5 seconds (it was a joke)
davout: wtf is a slideshow wallet ?
BayAreaCoins_: hear there is already a alt out with a slideshow wallet.
fluffypony: Bitcoin is even being investigated as a terrorist threat
BayAreaCoins_: davout right... so you would be a gold guy if it was full of gold. *Captain Obvious*
davout: if your safety deposit box is full of gold you don't really qualify as a "fiat guy" in my view :D
fluffypony: which is why jurov is such a big supporter of buttcoin
BayAreaCoins_: Um... you know. You got some guys who have a bank safety deposit box full of Gold, Silver, Cash or dust :P
BayAreaCoins_: jurov a fiat type of guy or trying to square away a corner of a market?