log☇︎
270000+ entries in 1.84s
Duffer1: do you know how to send a PM?
pankkake: http://www.bbc.co.uk/news/business-26059710 The company also reported a net loss of $645m
TomServo: There's a Laphroaig in my near future.
nubbins`: making dinner, recipe calls for a lightly beaten egg
ThickAsThieves: [16:07] <BlueMatt> but, I dont have a way to readily do that
ThickAsThieves: [16:07] <BlueMatt> anyway, the coin is gonna rebuild with a slightly different genesis block
chipug: max keiser's twitter page gives me a headache
chipug: this https://twitter.com/MaxScheisse isn't a parody?!
nubbins`: i see a bike around town sometimes with wheels like that
nubbins`: benkay: i'm a bike guy :D
TomServo: Not sure it's a parody.
chipug: there's a parody keiser coin now?!
benkay: nubbins`: are you a cardio guy?
benkay: man fuck a gym. just keep free weights at your house and fuckin' use 'em.
pankkake: I give up on making a source for Altcoin… I don't understand why it orphans the blocks
nubbins`: good a time for a break as any
asciilifeform: there's a difference between 'use my thing. because it's better' and 'use my thing. it's better, really. and oh btw, if you buy in it will pay for my 1kg/day coke habit.'
nubbins`: mike_c: did he say "if your friends have to issue public warnings not to invest in things you create, you're probably a legit businessman with a future"?
nubbins`: consider that pirate's scam enabled him to buy a bunch of blow
mike_c: now that they are making a mistake out of security ignorance instead of financial ignorance it's better :)
asciilifeform: i changed my mind. we should all love Altcoin. anyone who runs a 7MB turd of unknown provenance deserves the lessons contained therein.
nubbins`: i'm not saying you're a criminal, i'm saying you're hurting other people as well as yourself
ThickAsThieves: am i a criminal for profiting off jurov when he did the opposite?
asciilifeform: as if it took more than ten minutes to grab a copy of bitcoind src and change the constants
benkay: nubbins`: it's a perpetual mining bond. pay btc now for a thing that becomes rapidly more useless.
nubbins`: benkay: it wasn't a failure for TAT
benkay: how was vm a failure?
nubbins`: maybe you could whip up a regretcoin, premine a bunch, and send them to the rubes who got fleeced
ThickAsThieves: i'm not sure i'd even call it a failure
ThickAsThieves: i dont regret it as a failure
mike_c: a shocking lack of foresight? super harsh. a lot of entrepeneurs fail
nubbins`: mike_c: you disagree that displaying a shocking lack of foresight is tarnishing to a reputation?
asciilifeform: mike_c: if pump'n'dump is a type of honest business, i'd hate to see what a scam is now
mike_c: btw, i disagree that an honestly run buisness that ends in failure is tarnishing to a reputation.
ThickAsThieves: in a meta moment i made a meta altcoin
asciilifeform: it would be a very educational act.
nubbins`: you asked me if mp was running a scam by making a better coingen. i ask you if there's a mirceacoin
jborkl: so what did I miss about GOX? just read a article that bitcoin withdraws are not working now? (not that I use them anymore)
nubbins`: "can we trust this ThickAsThieves fellow?" "of course you can trust me, neobee, AM, etc" "but what about the perpetual mining turd and the altcoin thing?" "no no no, those were just a lel"
asciilifeform: right now, alt enthusiasts are shitting on a relatively clean beach.
pankkake: to make a "successful" altcoin nowadays you need more than releasing it
kakobrekla: no, guns kill people, not people. not a murderer
benkay: just because the signal is loud and clear today is not a reason why it should remain that way.
ThickAsThieves: Maybe, I make Altcoin, it does pretty good, then something goes bad and people lose a bunch of money. Then I admit you guys were right. The guilt eats my soul til I realize I must now design the best coin ever. I do, and it kills bitcoin, and the world basks in a new dawn of finance. I load up IRC "sup fuckers, good thing I made Altcoin!"
nubbins`: "so what if we're helping turn cryptocurrency into a digital liberia"
ThickAsThieves: again a bad analogy
mike_c: i like that analogy. so TaT threw a cig butt on the ground. who cares?
asciilifeform: every cig thrower is king of his own universe for a few seconds
pankkake: it's wasn't really about working, but I didn't want to add a dependency for nothing
asciilifeform: benkay: one of the big strengths of classic btc is that it is a schelling point.
asciilifeform: ignoring morality entirely. if you'd like to live in a future where crypto-coins are a useful thing, vs. a fogotten fad, think twice about cranking out spamcoins.
nubbins`: making a new compiler != creating exploits
ThickAsThieves: so it's just a fleecing of rubes plan of mp's?
pankkake: there are many gpg python libs, which all suck in a different way
nubbins`: PMTs = "a better" way to invest?
nubbins`: atc = "a better" alt?
nubbins`: "a better"
ThickAsThieves: and what of this grand plan to make a better coingen.io?
mike_c: pankkake: take something slow in one of your python programs and write a C module for it
asciilifeform: for the same reason that a town has more than one burglar
asciilifeform: somewhere in russia, a drunk is unzipping, preparing to piss in an apartment lobby. you prod him, he answers 'drunks will always piss in lobbies. you can't just will it away.'
asciilifeform: Duffer1: we already know the outcome. that's what makes it a distinctly disappointing experiment.
mike_c: imagine a grid with 100 tiny squares and 1 enormous square. Add as many tiny squares as you want, the Schelling point remains.
ThickAsThieves: altcoins are seeking their place, itll always be dynamic, but they will have a place
asciilifeform: the trouble with chump harvesting, morals aside, is that there is always a new, slicker chump-harvesting artist coming to town.
TomServo: TomServo | ThickAsThieves: is it a "preformance piece" or "maybe a viable altcoin, we'll see"?
ThickAsThieves: seriously, you cant definitively win one argument and now i'm a shill
nubbins`: denlove, eat a bag of dicks
asciilifeform: 'a) repaint your black car. it should be blue. b) why should i ? a) blue is just as good as black b) wtf a) here, i'll sell you some paint b) what's the value to me a) it doesn't need added value, blue is better '
ThickAsThieves: it;s not a fact
TomServo: ThickAsThieves: is it a "preformance piece" or "maybe a viable altcoin, we'll see"?
ThickAsThieves: again i think this is a false assumption as well, alts needing new concepts
nubbins`: but a big machine that spits out slightly tweaked alts isn't
nubbins`: altcoins are a great way to test out new concepts
ThickAsThieves: you assume all altcoins are a loss/waste
asciilifeform: it's a legitimate question.
ThickAsThieves: i dont think that's a proper comparison
nubbins`: would you count getting people off heroin and into crack as a good thing?
ThickAsThieves: would you count marginal success in that as a good thing?
asciilifeform: take classic btc. it was a net gain in wealth, rather than simply a machine from moving money from one pocket to another, because it made new things possible. what new things does the altcoin-of-the-day make possible?
nubbins`: sure, and you can offer perpetual mining turds that anyone with a brain would know is a bad purchase
benkay: everything is a scam
mike_c: i lost money on mpex once. mp is a scammor.
nubbins`: just wanted to offer a perspective
nubbins`: streets serve a useful purpose
benkay: is running a gambling house a moral operation, nubbins`?
nubbins`: bernankoin, you read the spec and have a lel
nubbins`: i think it's immoral to sell a cardboard box painted up like a house to a new family
nubbins`: mike_c, there was a housing bubble? ;p
nubbins`: what if i just want to stuff a cigarette with match heads to see what happens?
asciilifeform: would you happily part with gold, for instance, if you believe that 'gold standard' will make a comeback?
nubbins`: promoting a lelcoin as being serious is amoral
asciilifeform: then it is clear which coin the author regards as genuine and having a future.
Duffer1: it's a subjective moral argument
asciilifeform: whether a particular alt is 'trying to win over btc' can be determined by looking at what it is being traded for.
benkay: even if there is a mining breakthrough, the compute deployed against alts couldn't save bitcoin...
nubbins`: it's intended to have a chuckle
nubbins`: let's be clear, your experiment isn't intended to become a winner over bitcoin
asciilifeform: it isn't impossible. we live in a world with ms-winblows, for example.
nubbins`: it's impossible for a rubecoin to be healthy, yes