log☇︎
253200+ entries in 1.836s
tg2: figure out a premium that makes sense
neilol: need a derivative market
neilol: like a credit default swap
tg2: has anybody put any thought into a bitcoin insurance company?
ozbot: Interacting with fiat institutions [such as the SEC], a guide
benkay: o there's a new photo of mircea_popescu
benkay: not three years of 'forum sucks, mpex at least isn't a scam' getting under everyone's skin?
nubbins`: having a business meeting :0
benkay: or maybe just a shibboleth
tg2: benkay why u calling me a sock
pankkake: zacm is a legit idiot, yes
dexX7: i think zacm is legit, have seen him in #bitfunder for a long time
gx: i also have to bow out for some beers, it's been a pleasure, thanks for the lambasting everyone
mircea_popescu: anyway. i gotta go now to stand trial as a witness in a civil proceeding @ a local bar, so.
gx: mircea_popescu i'm just a coder, but my biz partner has experience with quant and we have advisors who are daytraders
mircea_popescu: you have any sort of relevant background ? like being a quant or a latency tech or something ?
rithm: it's a genus or a species i do not reminder
gx: guess not- i've bought and sold via irc though. a few years ago. guess i'll register with otc and then all will be well
mircea_popescu: http://bitcoin-otc.com/viewratings.php that's a full list tho
mircea_popescu: phf` lmao that's pretty kickass a name
mircea_popescu: anyway. so you're a coder with ambition. got a name ?
gx: i'm trying to remember, it was a damn long time ago
gx: mircea_popescu i'm just a coder with ambition, that's all. and i've done trades on otc, just not under this nick
thestringpuller: gx hate is a dumb word, lets use distrust instead
gx: i don't care if anyone hates me, i pasted it here for a reason, harshest critics :)
thestringpuller: have a bunch of people use your product
gx: not monthly, credits that are banked in your account, and are used up when you place a trade through the system
kakobrekla: credits , like a monthly subscription or ?
rithm: i'm not a coy nigger
gx: kakobrekla regarding latency, the <20s is a catchall as not all exchanges offer websockets support. so we're forced to poll.
kakobrekla: well, you have a presence on irc so props for that.
gx: there's a pronunciation guide for you oin coinigy.com
truffles: those sound a lot better though
gx: kakobrekla i'm just ribbing you a little bit
gx: are you positive you're not looking at this on a tandy?
gx: the link is a copy of the email blast we just sent out
kakobrekla: would be a good place to write "WE DO <this>"
khersonus: "less than 20s of delay. This number will be lowered in time to only a few seconds." << I don't think I'd call that "low latency"
domsch: thanks a lot truffles.
gx: reading comprehension goes a long way nowadays.
kakobrekla: well unless this is a faucet, then no
domsch: all the CAD files + software will be free. But if you want to buy the actual unit (meaning already produced) you’ll have to pay. This is for those who don#t have access to a 3d printer and don’t want to go through the hassle.
truffles: if u paint it black it could be like a little black box :D
domsch: this is a gadget supposed to be there for the public use - it is there to add value, not generate money.
gx: anyone with some BTC twitter followers wanna help a brother out with a retweet? trying to get our beta update out to the public. pm me if interested, thx. sex and drugs in return
domsch: haha - no I hope I don’t. But it’s most stereotypes with locals. I live in the Alps and people around here are process driven: You go to school, college, then you work for someone for a ffew years and ONLY then you can consider running the show.
domsch: as a young kid that is just getting started, doing the above is pretty much the “only way” to prepare oneself. A problem that I have seen in the past is that a lot of people are reluctant to work with youngsters like me - which I do really understand.
pankkake: so it's a nfc payment terminal?
domsch: one of the products http://imgur.com/a/pVsEJ we have have been working on. But there is more to come.
twizt: im not calling u a fuckup lol
twizt: mysql server is free who need a oracle lisence?
truffles: u said mp's a fuck up?
twizt: i didnt say he was a fuck up lol
mircea_popescu: <twizt> i wonder how much money neobee wasted on all that promotional crap << me too. but it doesn't seem like theres ever going to be a report.
truffles: noisy spectators get a bad rap itc
ThickAsThieves: at least let him fuckup for himself before declaring him a fuckup
ThickAsThieves: <twizt> you sound too sales pitchy /// methinks youre attacking the kid a bit too prematurely
thestringpuller: mike_c: true, you will never be able to fully comprehend the defense strategy against a large DDoS without having experienced it like say mircea_popescu
mike_c: to a degree. you still must get in the trenches to really learn.
mike_c: it would be better to learn by attaching yourself to someone experienced. this is a bad industry to learn by failure for the reasons already mentioned.
nubbins`: different from a restaurant :D
domsch: in the early days of a startup titles don’t matter anyways as we still have to prove all of the hypothesis and actually get a working model up and running. So all these fancy titles are useless. It’s about getting shit done.
mike_c: it would be better at this stage to attach yourself to a more experienced entrepreneur.
ThickAsThieves: a thought leader
mircea_popescu: a 18yo that fucks up is losing his key for all time. you're risking a lot more than the 50yo, who already fucked the girls, drank the meads, got bored.
mircea_popescu: a 50yo that fucks up is therefore losing his key for ages 51-70 or w/e
domsch: I am not in this space to make a buck and seize every tiny opportunity, or even try to scam people. I’m here for the bigger picture. I may be young, I may be dumb - but I am trying.
domsch: I can tell you a personal story, how I tried to run my first startup, (a performance based advertising network, known as CPA = Cost Per Action) and how I was scammed out of my last $1000 and had to work over the summer as a construction worker to get enough money to continue working on the project.
domsch: Good read. And I definitely agree with you on some of the aspects that young people (of my age, younger or older) are in this space to grasp an opportunity - these are the people that don’t see the future, the long-term benefit. These are the people that are there to fuck you in the ass when they see the slightest chance to get away with a few bucks.
ozbot: Bitcoin is creating a whole new set of problems pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2012/bitcoin-is-creating-a-whole-new-set-of-problems/
Namworld: A mac mini? This thing looks smaller than a small computer fan. How small is a mac mini?
mircea_popescu: do you have a name ?
domsch: yes I really like what Bigfoot is doing. I don’t think that anyone in this space can be treated as a competitor (in broad perspective of course) - we are mostly all after the same and pursue the same ideals.
twizt: that thing looks as big as a mac mini
benkay: well that's better than a QR sticker.
twizt thinks its time for a bunch of big words to be used, while making little to no practical sense
domsch: http://imgur.com/a/pVsEJ
kakobrekla: domsch prolly a good call.
domsch: Hey guys, Dom here. I’m in the process of setting up a few businesses and am actively involved in a few crypto-hubs. Just wanted to hang out in a few IRC channels to talk with people from the space.
Namworld: I'm not sure how such a system would work to actually prevent fraud. Unless that system had exclusive amangement of funds. But then running a business would be close of impossible if all money spent needs to be approved by shareholders.
tg2: I knew somebodyw as working on a wallet-splitter where you sent to an address and it split it by a fixed % and sent back out to the other x addresses
mircea_popescu: tg2 anyway, you can take the message upstairs. "guy actually said you either play ball or he buries you, it seems improbable but he does have a history of doing exactly that."
tg2: where every voting shareholder gets a proportionate, verifyable voting mechanism?
tg2: anybody working on a distirbuted-trust system for these types of scenarios?
Namworld: Well to be fair, it's not a proof of innocence. But justice isn't supposed to work that way. It's not supposed to be guilty until proven innocent.
ThickAsThieves: "The coins are not stored on the public addresses shown on the homepage. They go into a secret chamber buried underneath the arctic circle Wink
Namworld: A dose of mob justice, with unproven guiltyness??
mircea_popescu: generally, btc stocks follow a hump pattern
Namworld: They got the short end of the stick, but is it because a scam occured? Contract was respected and outperformed. They bought at the high.
ThickAsThieves: it's why i made a forum account
ThickAsThieves: it was actually the first thing i ever did in bitcoin communication, sent a msg to erik asking how it could be proven he wasnt stealing
mike_c: getting bought out well above market price is a great deal.
Namworld: But without proof, contract was respected, shareholders got a great deal, and people are complaining about buying high before profits diminished and price going much lower.
mircea_popescu: tis a race.
tg2: that's a tough accusation to clear
mircea_popescu: whoever finds a non-down syndrome kid first wins.
Namworld: Basically, contract was respected. People are mad about the SD deal because they can't verify anything about the sale. They bought at a high price and claim Erik sold to "himself" for low after selling some shares for a very high price or other such accusations.
mircea_popescu: they wanna take a crap all over it, no big deal really.
Namworld: and all holders on MPEx got a very good deal in that sale.