263700+ entries in 1.851s
mjr_: so i have
a debt that means you have to pay me other dollars
mjr_: that is like saying "
a mortgage is backed by
a house, but you cannot ever take the house'
Vexual: heres
a lesson in semantics
mjr_: you cannot redeem
a dollar
mjr_:
a debt means that i am OWED something
mjr_: oh, so it represents
a debt that won't be paid to me
cerelenius: mjr: you cant redeem it, its like
a self liquidating tbill
davout: cerelenius: bitcoin is
a commodity, money, not
a contract
mjr_: in the first case, you have an entity willing to always exchange at
a fixed ratio
mjr_: there is
a difference
ozbot: M.I.
A. - "Bad Girls" (Official Video) - YouTube
mjr_: and you had
a cheese sandwich
mjr_: and i had
a pb and j
cerelenius: say im
a farmer and i need capital to grow my crop
cerelenius: bitcoin can only work with
a functioning bills of exchange market
greenspan_fan: if bitcoin or its like ends up becoming the main currency, or at least
a sufficiently important one
cerelenius: apocalyptic: bitcoin as
a currency resembles
a sophisticated wealth transfer scheme, those who have more of it benefit from the work of everyone else
cerelenius: you need
a self liquidating credit system
Apocalyptic: <cerelenius> in bitcoin you will never be able to have
a functioning credit market // as said above, it's not that bad
cerelenius: you could run
a bills of exchange system if they ever figure out how to make it decentralized
cerelenius: in bitcoin you will never be able to have
a functioning credit market
cerelenius: renaissance was
a bread and circus to cover the economic looting of that time
cerelenius: thats what occured in florence as well, you had the biggest prosperity ever yet they ended up imploding since the commoner couldnt afford to run
a family
Vexual: floating
a theory is free dickhead
cerelenius: when you "buy"
a bitcoin its zero sum, someone else now has what you exchanged for it
cerelenius: lol bitcoin is not an investment pal, its
a speculation. bitcoins are sterile
antephialtic: if you really must read
a long one, read the fountainhead, its
a lot better than atlas shrugged.
antephialtic: if you're going to read
a rand book, read anthem, its much shorter and gets all her ideas across without 1200 pages of terrible dialogue
Vexual: he does have
a good sense of humour
cerelenius: well economics is
a pseudo physics, adam smith essentially seperated it from moral philosophy
ozbot: As
a white male, thank you for making me feel awkward ESPN.. - Imgur
cerelenius: davout: jews have
a tendency for causing chaos, it goes back to choosing barabas in the new testament..
cerelenius: bitstamp is
a pita to withdraw from 5k+ they turn it into
a huge Q&
A session
mircea_popescu: toffoo most of the people clueless enough to have been exposed will probably be rescued by their investors now,
a la second market.
cerelenius: thieves my ass karpeles is
a fucking jew himself
cerelenius: shrem made
a total fool of himself again
davout: cerelenius: reddit seems to be doing
a good job with that :-)
mircea_popescu: basically the french strike me as the sort of people who'd be in favour of
a government accuplation scheme.
davout: i was thinking about when you said using implied spot for futures was
a bad idea
Bugpowder: Going to have
a big effect on S.MPOE results. Would like to know before.
mircea_popescu: antephialtic actually
a guy focusing on hard hitting journalism was here earlier.
nubbins`: i think it was
a bit tongue in cheek
nubbins`:
A Goldman spokesman, after being told that @GSElevator had been unmasked, said in
a statement, “We are pleased to report that the official ban on talking in elevators will be lifted effective immediately.”
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.
ninjashogun: mircea_popescu, when you said above that this channel was worth "over $1b" I didn't takei t seriously as if it has like 500 regulars then just
a couple of people worth $50M - or
a single Internet billionaire who drops in sometimes - would account for that
benkay: i once heard copumpkin use
a closure to turn an Mac][ into
a Genera
ninjashogun: lnovy - if it's any consolation, they just came out with
a 128 GB micro sd card.
mircea_popescu: benkay fwiw, i heard copumpkin once used
a lambda function to turn
a iphone into an ipad
lnovy: I have 1920x1080 + 1280x1024... but only
a 4 gigs of ram...
mircea_popescu: what do you do if you get like,
a real monitor one day ?
mircea_popescu: o hey. didja help all the people buying mtgox debt learn
a lesson ? lol
Namworld: Withdrew it at
a 10% cut as soon as issues hit.
Namworld: What the hell is going on? I leave for
a few hours and the whole Bitcoin world goes to ashes?
benkay: i'm not even
a computer science person
antephialtic: mircea_popescu: I agree, DSA/ECDSA is
a kludge. Schnorr signatures are much better
joecool: i'm using 4096-bit RSA for the forseeable future, but ecdsa seems attractive if i can write
a javacard implementation to work on my yubikey neo
antephialtic: speaking of which, its
a bit ridiculous that GPG still doesn't support ECDSA keys
benkay: "cool to invest in
a startup"
Bugpowder: mircea_popescu: Nope, it sounds like
a good idea, but I don't think it will really work. the reason the pregnancy ones work is the hormone level goes up >1000x. MMPs are not that unregulated, maybe 2-3x by volume? Need to read the paper but I imagine the ROC curve is pretty ugly.
ninjashogun: greenspan_fan, so first of all obviously you would not give
a cash to
a pseduonmn :) We can get in touch if appropriate. Could you tell me
a bit about yourself - do you have any investments in startups to date? (or been involved iwth one)? Do you like matheatics or theoretical computer science?
mircea_popescu: at the rate we're going i'll prolly publish the bundle in
a coupla weeks.
greenspan_fan: personally, I think it would be cool to invest in
a start up, but I'm kinda averse to giving cash to pseudonyms in irc who aren't incorporated, have no references, no demos
ninjashogun: so out of
a $50K investment, probably
a few hundred would go to server costs and $47K would sit in the bank for six months. while we build it (Though I know that is not what investors like to hear)
ninjashogun: So what I was tihnking is that this isn't
a real 'forum' (in that most IRC channels are basically just trolls etc) and that I would just escalate to another form of contact (skype etc) and be in touch while it gets rolled out
greenspan_fan: it isn't meant to be discouraging, just that you have to do some ground work, have something to show off (like
a demo, or some sort of model, at least), before anyone can make an informed investment decision
mircea_popescu: and get
a positive result, you haven't in fact consulted any advisors.
mircea_popescu: ninjashogun listen, you're really misbehaving here, albeit perhaps unintentionally. the correct approach is to lurk and read the logs for about half
a year. then you'll be in
a position to meaningfully engage th dragons here.
ninjashogun: Duffer1 - is
a distributed team
a problem for you?
ninjashogun: And for
a bit of information, the team is distributed - he is in Kentucky and I am from Boston
ninjashogun: Here is the other person's profile that he responded with: "I am
a full stack web/desktop/mobile developer. Currently my weapon of choice is C# for the back end stuff, and JavaScript for the front end. I am also versed in Objective-C (I have three apps on the app store). Daily my bread and butter is developing web apps. Lately I've been developing cross-platform mobile games. I have
a degree in Math, so I know just
a bit of graph theory... this
greenspan_fan: it doesn't have to be
a solution, just an approximation
mircea_popescu: ninjashogun for the other part of your question, i would say everyone speaking here knows
a lot of math.
davout: no, i'm
a create-your-own-exchange consultant
mircea_popescu: if you manage to insert it into the next round of ycombinator
a la sokal, you get
a bonus.
ninjashogun: mircea_popescu, it doesn't matter if they're worth $10M altogether or $10B. As long as at least one person here has
a portfolio and is interested in startups
ninjashogun: mircea_popescu, ok... that doesn't really help me though :) I'm not here raising Series
A.
mircea_popescu: nevertheless, i'll bet you're not getting
a dime so far.
ninjashogun: antephialtic - No, I don't want to specify it here. It's not about solving an unsolved problem, but rather applying existing theory in
a novel way.