275000+ entries in 1.994s
knotwork: How much (ballpark) would an option to buy bitcoin in say six months or nine or
a year for today's price cost?
knotwork: you pay
a little each time BTC dives?
Namworld: I have
a 290 BTC loan. Ultra crazy
knotwork: It does sound more and more like the place is probbly going to remain available for quite
a while yet so I guess I will check it out every month or few and see how desperate that become to get rid of it
knotwork: who would issue
a 500k CAD loan based on bitcoin collateral?
the20year1: BTC>USD , get
a cashout refi , then put that back into bitcoin
knotwork: and I wouldnt want
a bitcoin-denominated one that would be crazy
knotwork: because anyone who believes bitcoin is good as collateral isnt going to want to issue
a fiat denominated loan
knotwork: if I could use 500 or 600 bitcoins as collateral for
a mortgage/loan I might go for it all by mtself
the20year1: what i'd do is just start off with
a lowball figure, bring it up $10k or so every few weeks
knotwork: offer to take it off his hands for
a nominal dollar to save him the cost of demolition
knotwork: Well maybe
a movie. Involving an evil lair
knotwork: Well first I will just get my 400 amps into my country-house I might feel
a lot less stir-crazy cabin-fever starved for outlets to plug machines into then
kakobrekla: not if
a rock made of unobtainium hits you
KRS1: make sure to have
a greenhouse and recycle your water
KRS1: find
a way to live in orbit
Namworld: You could tattoo the private key on the underneath of your eyelid. Pull and read in
a mirror.
KRS1: Just buy
a ship. Done. imo choose the caterpillar diesel engines option..well worth it.
knotwork: See this place is
a great resource for discovering whether one is oneself
a great(er) fool.
knotwork: Maybe right in
a city next to
a police station could be more secure than out in the middle of no-where with gosh knows how long an RCMP response-time
Diablo-D3: the only machine that can be on you at all times is
a cell phone. cell phones are not secure.
Diablo-D3: unless the machine is on you at all times and already secure, there is no such thing as
a secure private key
knotwork: I coudl maybe put the keys in
a machine in
a vault or something
knotwork: one problem really with the military base idea is it would need
a guard or groundskeeper etc
Diablo-D3: not
a reseller further down the line
knotwork: for me
a MAJOR part of wanting my own datacentre is I dont want to refer to keys that are on third party land as "private" keys as for all I know they are not.
Diablo-D3: knotwork: I ended up starting
a dedicated server hosting company for
a quarter of
a million
Diablo-D3: Duffer1: we have
a few abandoned military bases in northern US including maine btw
Duffer1: millspec base in bumfuck canada perfect for
a data center
Diablo-D3:
a bunch of fuckwits that know nothing about running
a company
Diablo-D3: its
a fucking peanut gallery in there
Diablo-D3: [11:13:26] <knotwork> There was some guy in the investments section of bitcointalk (also probably known as the greater fool section) who wanted to do
a whole ten million USD datacentre with solar and such I cant recall who that was
knotwork: Yeah Diablo I saw
a piece of real estate I thought might be great for the kind of data centre you once wanted to do
nubbins`: re: permits, generally that would be
a provincial responsibility, not federal
knotwork: some guy on bitcointalk has pics of
a tiny little trickly he gets power from
knotwork: I wasnt thinking of
a dam but even just
a little thing you sink into the water might be all kinds of regulation apparently yeah
mircea_popescu: im pretty sure you need
a permit to dam running water, even in canada.
knotwork: I thought maybe I'd found just what he was looking for but at
a cheaper price
knotwork: oh good maybe he wont read the backscroll and will turn out to be
a great fool :D
knotwork: Diablo yes that it no idea what I'd confuse that with death, maybe its
a death and the devil thing
knotwork: There was some guy in the investments section of bitcointalk (also probably known as the greater fool section) who wanted to do
a whole ten million USD datacentre with solar and such I cant recall who that was
nubbins`: the victim's grave was dug up
a couple of days after burial
nubbins`: is arrested exiting
a jungle-themed family restaurant that happens to serve booze
nubbins`: guy gets out on bail, condition is not to enter
a licensed drinking establishment
nubbins`: Altus Group found that the building currently has
a market value of zero.
mircea_popescu: anyone got
a better pars-pro-toto representative for marxism than Althusser ?
mircea_popescu: besides, he's working on biopics. that's
a sure sign of desperation.
ozbot: John McAfee 'disguised as Guatemalan street hawker with
a limp' - Telegraph
mircea_popescu: "Vice accidentally gave away his location at
a Guatemalan resort in early December 2012, when
a photo taken by one of its journalists accompanying McAfee was posted with the Exif geolocation metadata still attached." cute.
the20year1: i think they ended up figuring like $25/mo for 768kbps for
a residential user
kakobrekla: yeah but then you dont need
a wheelstair ramp.
knotwork: Open Transactions is deisgned to work without transaction-history (logs? what logs?) but legal quagmire around that is probably quite
a quagmire
knotwork: right now I am putting in
a 400 amp hookup in my country-house but but that is now going to be done as
a "home business" in which I will purportedly only use 25% of the house for business
mircea_popescu: "He added that for his own security he has other people buy his computer equipment for him, uses pseudonyms for setting up computers and logging in, and changes his IP address several times
a day.["
kakobrekla: knotwork you want
a chocholate bar or
a chocholate factory?
decimation: "Roll with it. Hire
a creative marketing team and see what you can do with this," he said. Executives should have asked, "How can we do creative marketing to change Intel from
a staid, stodgy company to
a shaker and mover?"
decimation: He said Intel lost
a great marketing opportunity when he was being chased through the jungles of Central America. Instead of shying away from the McAfee name, Intel should have leveraged press about his misadventures and taken
a more edgy approach.
dub: the other is to subject yourself to it for
a week or more
kakobrekla:
a strong tide and your are out of land to stand on
dub: or likely many many nicer places than
a freezing shithole in moosecock territory
mircea_popescu: wait
a few years, buy her majesty's lieutenant general's children.
knotwork: its also true that if bitcoins skyrockets
a lot I wont care if
a place is
a steal or not I will just pay high to get what I want "at any price" kind of thing
mircea_popescu: well, let's put it this way : canada is running on
a deficit. eventually the whole shebang will go up on auction.
KRS1: I dont mind if
a pizza guy has to get laid, as long as its not near my pizza.
knotwork: <decimation> that's exactly the kind of reason not to get into an investment --> that is why my thinking changed since arriving here from get investors to its
a princely estate not an investment I just dont want to let go that many bitcoins this soon
decimation: what if divest
a few hundred btc and now have an ex-military dump?
mircea_popescu: by the time you have more bitcoin you can buy
a larger place
knotwork: well the model that is causing me to not want to spend that many bitcoins this soon is I expect half
a mill worth of today bitcoins to be five mill quite soon, likely sooner than many folk expect
mircea_popescu: KRS1 i can top that : all through the late 2000s,
a coupla banks here sold suckers house loans denominated in swiss francs, on the premise they were ~1% cheaper interest. this, after fees and all, amounted to maybe 500 bucks saved.
mircea_popescu: if you're thinking of such deals then you must have the credit and connections already which'd allow you to pick up
a mil or two on something under 5%
a year on the basis of you putting up
a quarter of the cost or less in cash.
KRS1: mircea_popescu: i live in south florida, where many consider ground zero for the banking/real estate fuck. I can tell you some horror stories. One scenario I like is the guy who makes $35K
a year who bought
a $350K house who now lives in
a slum apartment with ruined credit.
mircea_popescu: knotwork if you wish to run the dc then you definitely want to bring
a real estate/finance type on your team.
knotwork: no bank will give me
a mortgage, they dont count bitcoins as collateral
knotwork: Yeah maybe the best way is to figure princely estates are not intended to be investments, so go for
a mortgage instead of making it an investment corp of any type
mircea_popescu: knotwork then perhaps the right move is to partner with
a bank, take
a loan at
a decent rate if possible, pad your costs and buy extra miners.
knotwork: Running
a DC is something I can do, its just an ISP writ large
mircea_popescu: i tell you tho, real estate is
a professional line, like any other.