248600+ entries in 1.794s
pankkake: it's probably
a jew conspiracy, in both cases
benkay: mrstickball: have you succeeded in signing
a thing with your btc addr or shall we assume you to be an impostor?
cgcardona_: i've only just started reading about it but it seems like they are just launching
a buggy testnet
benkay:
a clean fry isn't enough, it needs to be reasoned.
fluffypony: you can sign
a message before it's finished downloading, innit?
mrstickball: I can probably put
a few hours in to get the WP frontend back up
benkay: 10k buys you
a heck of
a lot of css.
benkay: you could get
a lot done for 10k.
mrstickball: I wouldn't mind hiring someone to re-do BuyAHash and make it look
a lot cleaner, but I'm unsure what the costs on that'd be for
a full re-do of the frontend (the backend at least from my interactions are ok)
benkay: north of
a hundred an hour
benkay: we get
a lot of non-specific claims around here.
mrstickball: so imagine what I've had to do for SEC compliance as
a registered security
benkay: banging atoms together as
a business in the states is just horrid.
mrstickball: (and my wife is building
a candle factory over the next few months, so I'm having to help her learn all the compliance steps)
mrstickball: Because its so much easier to get someone in China to do work for me than it would be here at
a factory
mrstickball: I wish all hiring was that easy. But its not, and that's why I think regulation/compliance is such
a huge cogwheel in the American economy.
mrstickball: I can write someone
a check and 1099-em at the end of year... No real compliance or paperwork
mrstickball: much easier to 1099 someone on
a retail design via
a 3rd party than it is to look at hiring an in-house artist
benkay: okay hey so
a question
mrstickball: because I co-own an analyst firm that contracts 100% of its employees. I also run
a business that is looking to hire via W4. Different regulatory environment, as I have to pay
a lot more in compliance for unemployment, workers comp, SS, ect
benkay: seems like
a thing largely out of the control of anyone
TestingUnoDosTre: Here's the comment I liked" Second, they look at it from the US/European point of view. If you look at it from
a global level, there is
a lot less global inequality now than in the 50s and 60s. The income of Americans then was over 100 times greater than the Chinese. Now it is merely 6 times greater. 1,000,000,000 people have been lifted out of poverty into the middle class in the last 15 years. That is more than
benkay: and not
a whit like causation
benkay: sounds
a lot like correlation
mrstickball: he cites deregulation as
a potential cause of inequality, yet the reality is the EXACT OPPOSITE
mrstickball: its arguing about economic inequality without looking at
a lot of underlying factors
mrstickball: the book is arguing
a point without context
mrstickball: he's reviewing
a book that takes
a very dim view of economics which is typical for Keynesians
cgcardona_: DACs don't seem like
a pipedream of geeks to me.
benkay: cracks me up that y'all would rather harp on krugman than derp through his review of
a book written by someone else.
fluffypony: you can run
a business and burn all your creditors without complying with any rule ever and with nobody ever knowing your identity...that doesn't seem like
a healthy starting point for
a system
benkay: mrstickball: let me know when you get to the part where krugman reviews
a book someone else wrote.
TestingUnoDosTre: Read
a few paragraphs of that trash. Comments contained more resemblance of intelligence
benkay: billmoyers.com/2014/04/16/paul-krugman-why-we’re-in-
a-new-gilded-age/
benkay: that's
a good basis point for your analysis.
TestingUnoDosTre: What does ethereum actually do? Has anyone seen
a result compared to promises?
pankkake: fluffypony: actually, I made
a bot
a few months earlier.
benkay: i am leasing
a fucking processor with some fucking ram and running some calculations.
benkay: i am
a purchaser of compute
fluffypony: cgcardona_: benkay is
a bot, he says that as
a response to
a mention of any altcoin
mrstickball: and all of
a sudden, I find
a swelling padded mailer with
a few K in it
cgcardona_: : has anyone actually used
a btc atm? I've not used one yet. they didn't have any in SF before I left.
mrstickball: my thought is to do
a mining kiosk / ATM in each store
mrstickball: the reason I ask is due to my contract with
a major US PC retailer that wants to sell bitcoin/litecoin products
benkay: there are
a million reasons to avoid the atm's
TestingUnoDosTre: Also, I thought you had to register as
a money transmitter in US
mrstickball: I am thinking of putting one in
a PC retail store
benkay: it's just
a damn fog of scam out there
fluffypony: getting paid for building the long con is
a viable business model for the supplier
TestingUnoDosTre: It took me
a while to realize the forum is %100 propaganda or regards. Even after I read that accounts could be purchased in bulk
fluffypony: "Bitcoinner says: February 10, 2013 at 7:50 pm That stock exchange is horrible, the PR person on bitcointalk acts like
a retard. They host porn on the same server they host the exchange from. STAY AWAY FROM THIS EXCHANGE!!!"
TestingUnoDosTre: Wish I could have found
a way to swap that for analogous, but not that quick on my feet
TestingUnoDosTre: It's totally analingus to invest in
a company that behaves in such
a manner
fluffypony: I think the bottom line is that it's fallatious to fault
a company that sees an opportunity to sell shovels in
a gold rush
TestingUnoDosTre: Except with that you might still have
a positive memory of your trips to Egypt
fluffypony: benkay: sure, and some people want to take home
a bit of the sphinx, even if it's all an illusion
benkay: "buy
a souvenier! take home
a bit of the sphinx!"
benkay: it's like that guy next to the important place with
a cart full of cheaply made crap
fluffypony: or
a few thousand if they're particularly confident in it
fluffypony: TestingUnoDosTre: yeah, it's people who hear about it and decide to spend
a few hundred Dollars *max* on playing around with mining
fluffypony: we could argue that any ASIC manufacturer is
a questionable business venture :-P
benkay: it's just pmb turds in
a fancy css wrapper
fluffypony: some of them went from that to
a USB Block Erupter
fluffypony: they bought
a Jalapeno, mined for
a bit, flipped it on eBay or turned it off when it was no longer covering electricity
fluffypony: it was marketed as
a coffee cup warmer
fluffypony: nubbins`: "just like new except very dusty and with
a few blown caps, balance of warranty (1 month left)"
benkay: if you're selling mining chips to gamers you're
a scammer too.
TestingUnoDosTre: The guy has
a business selling rigs that will never roi have
a remote chance of roi. You're never going to build
a returning customer base
fluffypony: benkay: the other exception I've seen is with GPU rigs mining profitable altcoins, as theres always
a new pump-and-dump "ASIC-resistant" scamcoin being touted. drive them hard for 2-3 years or until unprofitable, and then part out the equipment to gamers
benkay: unless you're buying in bulk and getting
a great deal net 30 on delivery mining's
a scam.
TestingUnoDosTre: But that's
a decline on daily diff increases, not diff increases
TestingUnoDosTre: If I buy
a miner, expecting to roi in 180 days at constant diff, even with electricity. Costs factored in, I'm fucked
mrstickball: as per the chart I showed you, there's been
a steady reduction since the peak in September
mrstickball: for example.. if you spent $2,000 on
a mining rig in April 2013 and $2000 on LTC, and did
a buy & hold until, say... December... the rig would have returned far more
mrstickball: its
a hedge against the belief it increases
TestingUnoDosTre: Kinda retarded here, but how does
a network hashrate increase change my ability to find
a block at constant diff? Does it drop linearly with hashrate increase?
mrstickball: and if you look, daily diff changes are
a lot lower
TestingUnoDosTre: Even with
a 10 percent diff increase, diff doubles every 7 to 8 months
artifexd: AM almost has gen 3 ready so the difficulty will probably start spiking again in
a month or two.
mrstickball: mining is
a hedge against huge diff increases
mrstickball: I may drop the price
a bunch and just throw 'em out
artifexd: I am not aware of
a single asic currently available that will ever make its money back.