261400+ entries in 1.8s
mircea_popescu: i read them and feel roughly on par with
a good session of reading the torah
mircea_popescu: i threatened my bank's clerk with having her write me one penny cashier checques for
a few hundred lei coupla weeks back
nubbins`: they don't even make pennies anymore. if you cashed that at
a bank, you wouldn't get anything.
nubbins`: two and
a half years after your son kills himself, the government sends him
a cheque for
a fuckin penny
mircea_popescu: probably cause it's written by perlispers stuck in
a basic body
mircea_popescu: asciilifeform
a wait, this is the source for the markov chain predictor innit
moiety: mircea_popescu: i think you're right, goes in better to see things working rather than
a mass of info for me :)
mircea_popescu: the fact that the author eschewed the 10% notation (which is like
a symbol by now) for 1 in 10 is kind-of telling
ninjashogun: is that
a 38,625 BTC transaction investing in s.mpoe?
mircea_popescu: then there's crystal space, which is
a collection of tools including networking and tons of other stuff
mircea_popescu: nah, there's cal3d, which is
a gfx library mostly. open source.
thestringpuller: lol
a lot Diablo 2 players with they could type with one hand
ninjashogun: mircea_popescu, well, this does not match my impression of conversations off of this channel. You seem to be the only one with
a very strong view. I would humbly submit that it is due to your strong interest in one particular financial model. Of course if you start swearing at me people will dislike me.
mircea_popescu: actually,
a better expression : over
a short week, youv'e gone from some random scum nobody'd consider seriously to someone that everyone would make
a point out of never doing any sort of business with. sort of from 0 to -100
ninjashogun: BingoBoingo - trust models can't be programmatic, or they will be games. For example someone will set up $10K just to spend on interest as they do hundreds of transactions with trusted members over
a year - the only goal being to be given
a $200K transaction that they then walk off with. You can't build trust programmatically.
BingoBoingo: ninjashogun: People don't have
a "WoT score" they have personalize networks. The score is the least relevant part of
a WoT
ninjashogun: BingoBoingo - if you trusted
a stranger based on
a WoT score and resolved
a deal in
a few minutes, you're very likely going to be scammed one day. It takes far longer than
a few minutes to verify someone's identity that you've never met.
BingoBoingo: The used real world contracts to defraud, when they should have implemented
a strong trust model
BingoBoingo: ninjashogun: Well just this afternoon someone supposed
a deal, I took and and the thing was resolved in minutes.
ninjashogun: nubbins`, why is it
a benefit for you that that even exists? (For cases where there is
a real world identity behind both sides)
ninjashogun: nubbins` Okay I'll bite. For people with real-world assets and paperwork, what on Earth benefit does ANYONE here get out of
a robust WoT system existing?
nubbins`: ninjashogun: consider that you might as well be walking into banks asking for
a loan and providing your WoT identity
ninjashogun: sorry, nubbins`, just read the backlog now. I was chatting with
a couple of people sorry.
nubbins`: not enough of them in one spot for
a queue to be necessary
mircea_popescu: maybe if the post office quit being
a whore it'd actually not go bankrupt every 15 years.
mircea_popescu: consider the situation of prostitutes. while fucking random men for money is in fact more income than your average married woman makes on
a day by day basis, cash in hand basis
mircea_popescu: perhaps i'm being silly, but i suspect there's actually
a hidden barb in there. ie, superficially it seems there's too much money to give in,
nubbins`: interesting that they chose that for
a headline, rather than "Canada Post now vetting and censoring addressed admail"
mircea_popescu: actually... he's probably in desperate need of
a friend.
BingoBoingo: If only Betbet allowed bets open longer than
a Year, "Roger Ver to fall under 1 BTC in holding by 2020"
mircea_popescu: i wonder what roger ver pays for
a list of losing bets
mircea_popescu: at least that guy had
a decent whine about noisy laptops and naked wives in eastern russia
pLambert: getting
a BTC loan is easy ... paying it back is the hard part!
mircea_popescu: pLambert we've not even come to the part where he's taking
a BTC denominated loan.
mircea_popescu: then copme back
a week later going "hey guise pls charity ???"
mircea_popescu: you have to be incredibly fucking retarded to go "hey guise, i don't give
a shit about you bye"
mircea_popescu: "Feb 25 08:13:06 <ninjashogun>guys I've received some suggestions to "lurk" and "read logs" here, which I wouldn't really have time to do. It was nice meeting you all though and I may be back as the project progresses. Overall I don't think I will be spending
a ton of time building WoT, advisors, etc - as I have real-world references for the moment that I would expect anyone to consutl."
pLambert: I don't understand, why would you take
a personal loan to finance your business instead of having your business get the loan it needs?
ninjashogun: which is why I wuold not raise external money for it - it is
a small amount I would use as
a bridge loan. But your thinking is correct, asciilifeform
ninjashogun: asciilifeform, yes, like your examples of airplane and particle acccelerator, it is physical hardware. Obviously
a plane on
a new design would cost millions in R&D, however we just have proprietary educational hardware and have very modest needs (under about $17K)
mircea_popescu: BingoBoingo no, because the hip thing to do is to come here each week and not wot, and then ask mp to tone it down
a bit
ninjashogun: mircea_popescu, I'd ask you to tone it down
a bit.
ninjashogun: to myself, as
a personal loan. I would like to do it this way because the company has become much more valuable, has assigned IP assets, etc. It doesn't make sense to raise
a small amount of company by the company.
ninjashogun: asciilifeform, I would like to bootstrap
a bit farther and need to make further milestones that have
a nontrivial cost for me.
ninjashogun: asciilifeform, because that was over
a year ago, and that was to the company.
ninjashogun: asciilifeform, I don't think
a bank loan can be used to finance what I'm doing. If it could there would be no need for angels in the world.
mircea_popescu: at this rate we'll probably end up with
a "no soliciting" rule.
mircea_popescu: ended up with
a fucking bitter legal fight and eventually left the place with the idea that the us is
a pre-modern shithole
dub: I could keep hens here but not
a rooster
dub: was thinking about putting something like this behind my place as
a bar/bbq kitchen
mircea_popescu: asciilifeform so move to missouri. you can live in
a beer can tower there
moiety: asciilifeform: there was
a couple here built an amazing house and they had to tear it down becauseit didn't qualify
mircea_popescu: pLambert the implied simply translates the fact that the earnigns and the price signals are averages and so...
a guess.
pLambert: yeah, I know how to get PE, but what is
a P/E implied value?
pLambert: mircea_popescu: in your statements you keep saying "The P/E implied value per share is so far 0 BTC." What is that going to say when you do have earnings? Do you have
a PE value you will calculate an estimated price from?
nubbins`: "
a serious document written in red crayon"
moiety: ok i have
a new grand plan!
pLambert: what is this,
a bitbet not based on bitcoin? Absurd!
ThickAsThieves: Tomorrow, 12CT/1ET I'll be giving
a powerful speech via Skype adapted from @Falkvinge Stockholm, 2006 freedom demonstration. #TexasBitcoin
benkay`: why does the div command even have
a notional float?!
mircea_popescu: FabianB_ report published, dividend paid, was there
a problem ?
deadweasel: i exist, therefore rate me
a positive 1
nubbins`: [17:16:35] <ProphetDaniel> And I would like to receive
a positive 1 rating for learning the GPG/OTC for BTC
nubbins`: [17:15:53] <ProphetDaniel> I'm
a newbie over here.
nubbins`: BingoBoingo: i wish i had to use
a glass to hear my neighbours
nubbins`: "Hiring
a lawyer to recoup < 50BTC is idiotic. Lack of practical legal recourse is what makes Bitcoin scamming so attractive."
mircea_popescu: nubbins` yeah, if you use
a bed the advantage is that the focus is fixed
mircea_popescu: Go into
a coin store and tell them about this, watch their jaw hit the floor.