260100+ entries in 1.918s
moiety: mircea_popescu: how to prove
a publisher knew something was illegal when they advertised it though?
mircea_popescu: kinda why i encourage people to blog and so forth, make good info
a little more accessible.
MAKABEakira: would have ff
a lot of wtf if i found trilema 6 months ago instead of last month. btc infospace is
a formidable fog of war for newbs
nubbins`: this was back before wireless routers were
a common thing
nubbins`:
a local subsidiary of bell that you've never heard of
nubbins`: i used to be with this ISP and if you connected
a switch to your dsl modem, they'd give
a public ip to every connected machine
BingoBoingo: benkay: It's when you take
a bit of coke an touch it to your gums to see if it is coke or not
BingoBoingo: moiety: Well the pirate case might touch on Thermos's responsibility as he said sure Pirate, you can start
a thread, allegedly
moiety: hey i didn't know there was
a thread! didn't they take enough crap regarding BFL ads?!?!
BingoBoingo: There was
a thread in Meta, I'll dig it up
mircea_popescu: BingoBoingo well for what it's worth they seem to more or less have moved
a bunch of coins in november
BingoBoingo: Well, bitcoin. It's hard to tell Buttstamp knew what an audit was, other than having had one seemed like
a good thing.
mircea_popescu: or else, it is in fact related, and for whatever reason the respective disreputable russian group does not wish to admit to it. so it's more like
a front.
mircea_popescu: also important, that same group of russian folk run
a number of other ventures, which are inexplicably absent from the firestartr claims,
mircea_popescu: specifically, their claim as to be behind badoo is immediately suspect, seeing how
a) badoo is not particularly
a respectable venture and b) it is run by
a certain group of russian folk, well known to be disreputable.
nubbins`: BingoBoingo: yeah, you tell him that there's no way in hell and that he's wasting his time, and he tries to argue that it's worth his time and it's totally
a possibility
mircea_popescu: more importantly, the purported auditor does not substantially exist. it consists of
a recently registered, domain-by-proxy website, upon which some random copy has been plastered.
mircea_popescu: so, this purported audit is in very poor form, for
a myriad of reasons, such as for instance it being published by the audited entity rather than by the auditor.
dexX7: i agree and i expected something such
a reaction. you don't need to convince me or something
mircea_popescu: so, bitstamp is this bitcoin exchange. people have been havng their doubts about it for
a while. bitstamp came up with this theory whereby it's been audited.
nubbins`: i'm trying to track down
a brass 2011 series-2
nubbins`: bit of
a long shot, but do any of you guys have casascius coins?
mircea_popescu: someone should tell cary it's
a bad idea to CONTINUE signing in the company of such doofusry.
mircea_popescu: seeing how kraken managed to fuck up deposit addresses creating
a mess worth 100s of btc, that they lied about.
mircea_popescu: or else it's
a deceptive front for
a well known group of grayhats
dexX7: so what are you saying? do you doubt that the result of the "audit" is legit and bitstamp is running
a fractional reserve?
mircea_popescu:
a history of fraudulent behaviour, and random cardboard web ventures
mircea_popescu: Badoo is
a dating-focused social networking service, founded in 2006, which uses deceptive tactics to attract new users
mircea_popescu: "team". whio ? they have
a website which consists of... "we"
dexX7: Firestartr's team has been behind €6.7Bn in transactions over the last 20 years;
a dozen trade sales and IPOs and started eight companies from scratch covering brands like Skype, Orchestream and Geneva. Our current community of ventures includes names like Rightster, Teleportd, Badoo, Pusher, Fanatix and UC4 Software.
kakobrekla: you just need to have
a large enough wallet and spammer idiots will sends satoshis to your balance along with
a blockchain info note
mircea_popescu: random website with
a domains by proxy registration and
a prepackaged css suite slapped in fails to impress.
mircea_popescu: so coindesk links
a pdf published on bitstamp;'s website
gribble: Error: "bc,stat" is not
a valid command.
mircea_popescu: Bunnyh unless they have
a fractional reserve problem and then they do rolling window withdrawals
Bunnyh: first support response was the same message, even with the "Please contact support part", that was
a bit funnyt
mircea_popescu: bitstamp is like
a respectable business and everything
Bunnyh: took
a few days to clear that out
Bunnyh: i got that too
a few weeks ago. i got an email too, which explained that withdrawal was blocked because of attempted phishing attacks, and i had to contact support
mircea_popescu: all these kids running around acting as if universal equality is somehow
a fait accompli.
bitcoinpete: "Those in the 21st century who are most enamored of the word privilege—and often wield it as
a bludgeon—make two mistakes. First, as Skwire shows us, they underestimate the complexity of power dynamics and social context. But they often take it
a step further. In the name of reducing their newer, fuzzier kind of social privilege, they often advocate increases in the simple, old-fashioned, government-based variety."
mircea_popescu: apparently
a smaller amt of phone number isn't better after all!
mircea_popescu: Were we to split the stock or take other actions focusing on stock price rather than business value, we would attract an entering class of buyers inferior to the exiting class of sellers. At $1300, there are very few investors who can’t afford
a Berkshire share. Would
a potential one-share purchaser be better off if we split 100 for 1 so he could buy 100 shares? Those who think so and who would buy the stoc
mircea_popescu: with at least several thousand public shareholders and more than $1 billion of market value, we are almost certainly the leader in the degree to which our shareholders think and act like owners. Upgrading
a shareholder group that possesses these characteristics is not easy.
mircea_popescu: Investors possessing those characteristics are in
a small minority, but we have an exceptional collection of them. I believe well over 90% - probably over 95% - of our shares are held by those who were shareholders of Berkshire or Blue Chip five years ago. And I would guess that over 95% of our shares are held by investors for whom the holding is at least double the size of their next largest. Among companies
mircea_popescu: Through our policies and communications - our “advertisements” - we try to attract investors who will understand our operations, attitudes and expectations. (And, fully as important, we try to dissuade those who won’t.) We want those who think of themselves as business owners and invest in companies with the intention of staying
a long time. And, we want those who keep their eyes focused on business resul
mircea_popescu: In large part, however, we feel that high quality ownership can be attracted and maintained if we consistently communicate our business and ownership philosophy - along with no other conflicting messages - and then let self selection follow its course. For example, self selection will draw
a far different crowd to
a musical event advertised as an opera than one advertised as
a rock concert even though anyon
mircea_popescu: Entering members of
a shareholder “club” cannot be screened for
mircea_popescu: If the holders of
a company’s stock and/or the prospective
mircea_popescu:
a rational stock price is rational shareholders, both current and
mircea_popescu:
a price rationally related to its intrinsic business value. (But
mircea_popescu: split would be
a pro-shareholder action. We disagree. Let me
mircea_popescu: The assumption behind this question usually appears to be that
a dexX7: yeah well. is this
a bad thing?
mircea_popescu:
a trillion dollars is not much loss for usg ineptitude.
a hundred grand is too much gain for real world people,
mike_c: what
a joke. "Plaintiff Securities and Exchange Commission ("Commission"), for its Complaint against
dexX7: here is
a general warning: mp cooperates with the sec, so be careful what you tell here
mircea_popescu: that's what an investigative finacial journo that's looking to jump out of
a window would pursue.
the20year2: tesla's was way more than
a few million
the20year2: Although in the case of tesla, they issued the non-gaap
a few hours before gaap and gained an extra $50/share
the20year2: If we use GAAP it makes it easier to transition to
a public corp
nubbins`:
a friend of mine had "PLEASE ASK FOR PHOTO ID" on the signature panel of his credit card some years ago
nubbins`: grab
a chip and pin card, rewrite the stripe, smash the chip with
a ball-peen hammer
nubbins`: even places that use chip-and-pin will fallback to magstripe if there's
a problem with the chip
joecool: ie. if i walk into
a store with
a stolen magstripe you don't know i have, i can purchase goods and even if there's
a chargeback, it only claws back from the store those goods were bought at
joecool: mircea_popescu: skimmers are
a bigger threat if you can duplicate the magstripe, but most non-US countries figured that out and went chip and pin
joecool: thestringpuller: that would depend on whether the attacker actually received goods, if they ran
a merchant account they'd have the money clawed back
joecool: mircea_popescu: not like
a CC carries any sort of personal info other than name and address which are often already public record
joecool: and even if the domain was with
a US registrar it usually takes
a month or two to go through the processes to get it back
joecool: i've seen more than
a few domains get jacked from social engineering, the best are ones that clone the site, set up shop somewhere without many laws (romania?), then monetize the stolen site
mike_c: wait, wasn't that how mpex got down? somebody impersonated you to
a proxy server admin?
mircea_popescu: whereas small players will have to retain the help of an investment banker, in which case they get auditing as
a packaged deal anyway
the20year2: So all companies outside of mpoe is
a scammer?
the20year2: It's accepted by
a country with
a 17t economy plus other economies resulting over 25t of gdp
mircea_popescu: if i ever watched tv perhaps that'd sound like
a lot more.
dexX7: well, i can't say that anything i ever wrote lead to
a tv serie
mircea_popescu: she's
a sorta leah, and as we all know it sucks to be leah
dexX7: "the ugly who became
a writer instead of cum sucking slut"?
dexX7: hey guise what do you think about
a blockchain postcard service? users submit
a message which is then posted via op_return. i bet some devs would love the idea! :D
benkay: plus, what do i look like,
a trader?!
benkay: i've already decided on that strategy. i think rent plays are
a red herring.
benkay: still noodling on
a 6 month put basically
dexX7: somewhere in the reddit comments they said there will be some kind of authentification. like: you claim you are mp and insert his twitter handle, but to proof it, you'd need to post
a verification tweet