log☇︎
268000+ entries in 8.794s
asciilifeform: prediction: at some point ATMs will require the user to stuff his hand in a 'monkey trap.' if the transaction is deemed 'suspicious', the clamps close.
mircea_popescu: we thought you were butthurt as a fucken interneteer
herbijudlestoids: i been sick as a fucken dog
mircea_popescu: o look, it's a herbijudlestoids
mircea_popescu: <asciilifeform> incidentally, if the avaricious idiots move everybody to RFID cards sans crypto challenge/response << even if it has a challenge system, if it's made by the bank ppl... heh. glwt.
asciilifeform: pankkake: take-home lesson - found a hole? sell it to spammers and stfu. play your part in the food chain.
asciilifeform: these are a dime a dozen.
pankkake: "Serge Humpich is a person who discovered a serious flaw in the Carte Bleue system used in France for credit cards. He was convicted in 2000 to a ten months suspended sentence. He was 36 at the time, and lost his job as a result of the case."
asciilifeform: then 'prove you're not a camel.'
asciilifeform: (i could draw a picture of why, but i'll leave it as an exercise for the alert reader.)
asciilifeform: incidentally, if the avaricious idiots move everybody to RFID cards sans crypto challenge/response (as appears to be the plan) - every ATM becomes a btc-ATM. ☟︎
punkman: Visa fines the processors too, but on a different scale
asciilifeform: yeah, it would be quite surprising if 'amazon' were reamed to the same depth as a corner shop.
mircea_popescu: it used to be 8% in romania for a while, until the card people finally gave up_
mircea_popescu: (actually some strategic large merchants get paid to use cards on a regular basis
mircea_popescu: small time merchants with a shop or w/e are being reamed, but that doesn't really show in the bottom line
asciilifeform: they eat the loss, plus a penalty fee.
asciilifeform: 'carding' as we know it is actually a creature of u.s. and british banks. which profit from it. ☟︎
mircea_popescu: adjust it once a month or w/e
pankkake: it's not that simple, you need a running node and update script
asciilifeform: punkman: national mints are doomed to reinvent the blockchain. that is, if anti-counterfeiting were an actual thing, instead of a psychological 'security theatre.'
TestingUnoDosTre: TFA said 12 cents to produce a $100 USD bill
Shakespeare: there is a fnite amount
pankkake: number of coins, I can write a page in ~10 mins
Shakespeare: "Please provide a URL that shows the total number of coins in real time."
mircea_popescu: well technically bills these days are more expensive to make than their face value, so it is a sort of pillage
mircea_popescu: it's merely a transfer towards the issuer.
asciilifeform: unless, of course, it is generated via a 'proof of incinerated fiat bills' (serial #s?)
mircea_popescu: bitcoin is 99.98% of a whatever it is market.
mircea_popescu: anyway, the btc is 8bn out of a 10bn market story depicted there is off.
mircea_popescu: when you could just make a gem and buy a house
mircea_popescu: gimme a break.
mircea_popescu: benkay except not in a million years has ripple done anything of the sort lol
mircea_popescu: the cascadian movement produced weird music and a lot of new lice infections.
TestingUnoDosTre: can bitcoin drop like a rock so I can drop some fiat?
davout: mircea_popescu: no no, that's actually ok, we have a "Ministre du redressement productif" can you fucking believe it ?
BingoBoingo: I mean spam doesn't even pretend to offer a return ever. Solving captchas though offers some satoshis every nao and then.
davout: that sounds like a sensible explanation
davout: "oh sure, I'll send you these $3000 to pay attorney fees to unlock the prince's inheritance, if you could just western union me a couple hundred bucks so i can fix my bike to get to the bank"
davout: I've always wanted to try to reverse-scam these guys, sadly gmail has a good spam filter
davout: i happen to have a nigerian uncle that's in urgent need of 5 BTC to unlock the last presidents inheritance
mircea_popescu: that's a new angle : if you read the stuff crypto-whatever wannabe exchange publishes, you're roughly in the same set with idiots and grannies that still read the spam emails they get, tune in for cnbc newscasts etc
ozbot: [Cryptostocks]CFBTC - Crypto Fund BTCless seems CS/the issuer did a misstake
pankkake: yup Monaco does not pay the 75% tax: http://www.lefigaro.fr/sport-business/2013/12/13/20006-20131213ARTFIG00394-l-as-monaco-n-echappera-pas-a-la-taxe-a-75.php
mircea_popescu: jurov wait someone raped a soccer dood ?
BingoBoingo: jurov: As a courtesy I refer to American football as handegg
pankkake: I have glasses, huge disadvantage in a fistfight
davout: asciilifeform: that sounds like a very good way to harvest both lulz and profits
benkay: man the worst part of working at a cafe with a great view on a busy corner is all the tail walking by i'm separated from talking to by a pane of glass
BingoBoingo: jurov: Of course. What boggles me is they had a full 900 BTC allegedly.
mircea_popescu: you ever been to a rural disco ?
mircea_popescu: jurov what, i'm a lovable huggable simpleminded psychopath.
benkay: 'tain't too late to spin up a new one.
mircea_popescu: half a nitwit.
Jere_Jones: Question: Exactly which WOT is the "So you want to start a business" post talking about? I know of the #bitcoin-otc wot and the mywot.com site.
Jere_Jones: I think I might be starting to understand a little of what you're saying. I shall return to my lurking, listening and learning.
mircea_popescu: this is given culture, it's a shared foundation.
mircea_popescu: ow all the ways movies can’t be made. That’s what they’ve been doing with their years and the investors’ money up to that point : not coming one iota closer to knowing how movies can be made, but establishing vast inroads into the obviously endless topic of how they can’t in fact be made. Noobs bereft of this very valuable (in that it’s very expensive) knowledge ain’t got a prayer."
mircea_popescu: in it, you will find : "Much like “nobody knows how to make movies” was generally true in Hollywood, “nobody knows how to make Bitcoin businesses” is generally true in Bitcoin. Nevertheless, this does not logically follow into “so then everyone has the same chances, noobs and veterans alike”. Such a proposition could not be further from the truth, because the veterans have the sizable advantage that they kn
mircea_popescu: Jere_Jones it's mpoe-prs, and the problem with "Thou shalt do" is that a) there's a lot less of that available than you'd want, and b) people are well impervious to listening anyway.
Jere_Jones: I see a lot of "That's dumb", "They are unqualified", "They shouldn't do that". With the exception of your "So you're thinking of starting a bitcoin business" post on bitcoin-talk (which I have read multiple times), there is almost no "Thou shalt do".
Jere_Jones: The possibility exists that I am simply too inexperienced to know wisdom when it slaps me in the face like a trout.
mircea_popescu: counted for a weekend trip
mircea_popescu: except we had a trunk full of heavy equipment
Jere_Jones: mircea_popescu While a useful tidbit is occasionally passed along, I mostly see a lot of self-righteous "I told you so" comments about any business (I'm using the term loosely) that is less than an absolute success.
mircea_popescu: we used to do this thing whereby we'd dress up nice and clean, go to some disco in the sticks, a village somewhere
KRS-One: <+eoar> Bitcoin in 20 years will be like a cassette tape now. Clunky and outdated and surpassed by a much superior crypto <<<< interesting analogy
mircea_popescu: they also imagine they can just start "a security" and it'll all just fall into place
mircea_popescu: <davout> do people really imagine they can go to some foreign country and simply beat up some guy in a public place like a train station and not gete in trouble? <<< yes.
BingoBoingo: Well, at the station I suggested it might be more problematic for him if you don't fight back. Nearly every white person outside of the train there is usually a plain clothes police officer. He finds himself in a foreign jail ??? Profit?
davout: pankkake: the way i see it, for maximum lulz he should show up after a 5 hour trip, having had all the time to come to the conclusion that beating someone up in a public place, in a foreign country isn't such a good idea after all
Mats_cd03: Also a good work out
pankkake: hm kinda wrong, once a guy punched me and I wasn't expecting it
mike_c: i'm sure you could hire a stand-in for cheap
pankkake: is there a reference I'm missing?
davout: do people really imagine they can go to some foreign country and simply beat up some guy in a public place like a train station and not gete in trouble?
pankkake: beating up a guy in crowded areas, smart
davout: pankkake: so apparently this guy is ok to meet you at any train station to give you a beating for a fee
pankkake: made a profit, though fees ate most of it (again, poor student)
kakobrekla: i sold all my remaining fiat stock when btc was 80$ i think. already at that time, that was only a tiny fraction of my net.
pankkake: I was a poor student too
kakobrekla: at least for a fraction of the problem
pankkake: but investing in startups is often a loss; the general public doesn't do it however
benkay: that's good. a sign of competence, being nice.
Jere_Jones: mircea_popescu would you really teach a willing student to invest?
pankkake: he left a nice comment about PIF too :)
mircea_popescu: was it for a foreheadectomy ?
punkman: wouldn't a monkey, sans training, do better than the average bitcointalk-er?
mircea_popescu: i'd rather teach a monkey to invest than a bitcointalk-er.
mircea_popescu: pankkake what is bad about dr greg is that it's generally worse to have a half-educated idiot than ap ure idiot.
kakobrekla: can we have s.laughing so we have a laughing stock?
mircea_popescu: [7] nah, pankkake just made a nice summary thread
mircea_popescu: more like a naive participant i guess
pankkake: theseven wasn't a willing participant
deadweasel: is there a #burn-pankkake chan or what?
pankkake: <minerpart__> Fuck off pankkake you prick. You really think I would waste my time fucking off to France to hang around a station only to see you don't show up? You fucking idiot
pankkake: yeah I have a few topics like that
pankkake: a dead blog
pankkake: I have a blog
mircea_popescu: pankkake you should have a blog baby.