271700+ entries in 2.098s
KRS1: looks like theres also
a rating to them
mircea_popescu: what, you think financial top management particularly WANTED
a crisis ?
mircea_popescu: decimation so then you try to "make it work" which means you push both ends and then
a decade down the road your shitty officers bring about
a crisis of unheard magnitude
Vexual: etrade is
a stock broker here u know mp?
mircea_popescu: herbijudlestoids i just mean that if you want to dd on your own you can't possibly need
a bank for any purpose.
mircea_popescu: herbijudlestoids why do you need
a bank to interface your etrade account ?
herbijudlestoids: decimation: why cant any business wanting loans list
a bond and their financial deets and allow me to quantify them and bid in the free market on their rate?
Vexual: yeah herbi got it, hes
a surity
decimation: ie
a real finiancial middleman in the proper sense
herbijudlestoids: realistically, there should be no bitcoin bank, doesnt seem necessary as long as there is
a highly liquid market for bitcoin duration notes and bonds, like 10,30,90 day 2,5,7,y bonds
decimation: you can have
a fractional subsidary for the idiots to bank with
decimation: with
a convienent loan-matchmaking system
mircea_popescu: Vexual 500 dollars
a year to bank there and no further fees.
Vexual: well if mpex is anything to go by, youd own
a priavte bank
mircea_popescu: anyway, the actual reason would be, of course, that the last thing any one government wants is me at the helm of
a huge fiat bank.
Vexual: you might have
a son in the next few years mp
mircea_popescu: in the current situation, the only reason i conceivably could not lbo
a bank with 100trn in "assets"
herbijudlestoids: i dun think you can afford
a strong bank, thats why i suggested one of the weaklings :P
decimation: what's the point of owning
a fiat bank?
mircea_popescu: maybe this year i cut
a deal with
a large bank. or maybe i buy one. or maybe next year. or who knows
mircea_popescu: in general,
a large number of fluffers are trying to scam various particular venues. there's all the dorks pretending like they have projects for the benefit of the clueless va market.
mircea_popescu: "Here's the latest Max Keiser in which he and Stacey Herbert to
a good job of explaining what I have in mind. " this sort of thing will instakill any project, for instance.
herbijudlestoids: seems
a bit vapey right now? i tried to reg for the forum but doesnt work etc
herbijudlestoids: im watchin the youtube video about it now, seems like he has hired some indian guy to do the coding and the explanation video is just
a skype screencast of him showing reggie what he has paid for
herbijudlestoids: KRS1: from what i understand its using zero trust contracts in
a closed bitcoin system to do financial obligations (basically)
Vexual: in two teths of the time it takes an
a 380 to fly round the world you could be to cuba and back
herbijudlestoids: if i went around, saying i was emperor just because some moistened bint lobbed
a scimitar at me...
decimation: lol maybe they can dig
a tunnel to the uk while they work
decimation: I donno, how are they going to attact elite coders to work in
a hole?
Vexual: i expect tellers with broken computers and
a stopwork from govt
mircea_popescu: this is just damage control anyway. most of the deposits belong to companies, which
a) are legally required to keep their funds in
a bank and b) are not insured anyway.
Duffer1: he's jsut using it as an example to highlight
a point, smart guy knows his audience
mircea_popescu: flay
a libertard alive today. he's earned it. then salt the wounds and make his mother watch.
mircea_popescu: "Someone should start
a bank (or maybe someone has) that charges (rather than pays) interest and does not make loans. "
mircea_popescu: besides, the nsa is dead. the us is scrambling to create
a new, actually secret replacement, while pretending nsa is still
a thing.
herbijudlestoids: the way i see it workin gis something like this: FBI discovers new online drug marketplace, probably tipped off from dutch intelligence or similar agency who actually has the knowhow. they poke it, cant de-anon it, and so they call up the NSA to take
a poke. initial pokes are unsuccessful so they go all out against it.
Apocalyptic: i really don't see HK or Russia extradite
a drug marketplace owner
mircea_popescu: 2. most jurisdictions couldn't give less of
a shit about the us and its problems.
herbijudlestoids: youll be going up against
a very scary adversary who will hand your details over to the FBI or local equivalent as soon as they de-anon your server
herbijudlestoids: my main concern is if you setup
a legit, correctly secured darknet site, its just going to make you an even bigger target for the NSA really
herbijudlestoids: yep, well you can bet the big vendors on those sites are now doing their "security due diligence" before they list products on
a given market
herbijudlestoids: mircea_popescu: i just kind of assumed that anyone who wanted to setup
a website like that might be the kind of person who knows even the first thing about security
mircea_popescu: speaking of php. the stuff had me in
a state of ptss for
a few hours
mircea_popescu: Vexual at the rate benkay is posting on that cascade of his, the cheatsheet will need
a flatbed truck.
Duffer1: ya there's
a reason why mpoe-pr recommends taking
a year off to read first :P
Vexual: or
a small amount of visible water vapour in the sky
Vexual: i think bitcloud should be
a proof of work image board with extra stenography
herbijudlestoids: has anyone come up with any useful use cases for urbit? all i could think of was
a mutt clone lol
☟︎ mircea_popescu: anyway. bad ideas being funded is
a serious problem for any society.
mircea_popescu: yeah, interesting to me too. in the following sense :
a londoner goes to the country, and upon hearing
a goose meow he expresses his astonishment : listen to the cock neigh!
mircea_popescu: imo "crowdfunding" as in, kickfunder etc is
a fad not unlike social media.
herbijudlestoids: definitely considering the aggregate demand for junk bonds it does seem there is
a lot of stupid people out there willing to fund anything
herbijudlestoids: this interview is supposedly about decentralisation of energy but seems to cover the idea that crowdfunding, p2p lending etc: "Even the assistant director general of the Bank of England, Andy Haldane has said this is showing signs of becoming such
a trend, such
a potential mega-trend, that it could disenfranchise the main banks, the high street banks in the way that I think some of these trends in renewable energy
KRS1: ethereum looks like
a really strong project
benkay: well like i said i don't think i even get
a say
benkay: mircea_popescu: you're welcome to assume jurov's debt to me. i don't think i even get
a say.
benkay: goddamnit i'm going to die broke with
a donation address on my blog
benkay: altcoin is
a thing now?
mircea_popescu: ThickAsThieves pankkake seems atc has
a quite solid bottom in nao.
Duffer1: MPOE-PR: taking people down
a few pegs, even if they only started with 2
benkay: dah do'h no it only paid out if bs&t didn't have
a credit event
jurov: only now, after
a year some figured out how to reach json decoder
benkay: i'd love to see the 'turing equivalent conversion' of
a python class tangle to lisp
benkay: would someone kindly
a) write my name in channel and b) pm me?
mircea_popescu: where you get to "hiring lawyers, with
a degree or comparable experience and attention to detail" it becomes quite hilarious.
ThickAsThieves: Evil thought of the moment: Will we eventually see
a trend of tricking people into losing their bitcoins? (Decreasing supply)
kleeck: I even put up
a bitbet on it
kleeck: Been away for
a bit, wanted to focus on my new job for
a while. Settled in now so I can bullshit with you guys.
mircea_popescu: no, but i've seen girls with spots so bad painting them with
a wide brush was the only way.
kleeck: Yes. That was
a good year...
kleeck: What
a great way to legitimize Bitcoin!
kleeck: Wasn't that
a confirmed paid prostitute?
Vexual: ima buy me
a arcehorse
lippoper: there was
a lot of troll in the last sentence
nubbins`: pankkake, is that
a monospace font?