276300+ entries in 1.981s
the20year1: because your bank realized they can make money on it....they don't buy it for retail, nor do they hold it as
a reserve
nubbins`: Vexual: rare earth coins are generally
a bad investment.
nubbins`: i mean, shit, pull it out
a few different ways. cash, even.
nubbins`: i mean, the whole silver/gold stacking thing is
a bit fucking silly
KRS1: nubbins`: if you find
a site that does decent deals with in stock metals let me know
nubbins`: as far as spot-value bullion coins go, there are really only
a handful in both silver and gold
nubbins`: they put in an order with their supplier once
a week or whatever
nubbins`: people don't realize that
a lot of these places don't really have stock on-hand waiting to ship
KRS1: i think coins are lower weight..but at the end of the day..it doesnt matter if its
a dildo.
Duffer1: what's the point of
a coin over
a bar then?
nubbins`: it was
a funny piece. odd weight, nice design, low mintage, very high purity (99999!)
nubbins`: if you were wondering, being in the masters club mostly just means you get
a ton of junk mail
nubbins`: i went on
a bit of
a coin binge
a few months ago
mircea_popescu: seems to me 9.983 mn in gold would be
a wee bit more than that coin's weight
nubbins`: find me
a coin that
a collector would pay $17,000 over spot for, y'know?
gribble: Error: "c" is not
a valid command.
nubbins`: so it's really
a bit of
a leap of faith either way
nubbins`: some forum guy registered sept 2013 with 0 trust wants to do
a coin-for-coin trade with me
gribble: BingoBoingo was last seen in #bitcoin-assets 1 day, 1 hour, 37 minutes, and 42 seconds ago: <BingoBoingo> Just remembet I take
a break as soon as hockey coems on
gribble: Error: "seeb" is not
a valid command.
mircea_popescu: talk to pankkake, i think they give them
a copy with their passport.
mircea_popescu: sophocles is perhaps
a little hermetic if you don't understand the context
Duffer1: oh and diary of
a woman of pleasure was nice ^.^
mircea_popescu: plenty of good ideas, but you're telling me some people live inside
a fake-gravity spinning straw ? it's ridiculous.
diametric: but every time i watch
a scifi where some motherfucker hacks
a system like he's playing
a puzzle game
diametric: yeah, thats
a problem. fantasy has its own internal consistency, you know, magic. you can suspend your disbelief easier.
mircea_popescu: moreover, i understand
a lot more science than whatever rules fantasy.
mircea_popescu: Duffer1 notrly. they don't do nearly enough sex to make the cut as
a rule.
diametric: Duffer1: clones, in the picture there are
a total of 7 3d printers
Duffer1: MP do you have
a few favorites?
KRS1: how does one ipo over the ripple protocol..is there such
a thing?
mircea_popescu: fantasy is pulp that knows it's pulp. sci-fi is pulp with
a pretense. i never like that much.
Duffer1: i've yet to see
a sci-fi mmo i've liked
Duffer1: i 'played' eve for
a few hours, i never got the impression i was 'playing' anything, more like watching eve
mircea_popescu: Duffer1 the main town is pretty much
a constant spam of "send us monez we send back monez"
ozbot: ANN: Freesociety.com will sell land for bitcoins in
a government-free zone
Duffer1: last i saw of him was
a post about his indecision regarding ciphertrade
kakobrekla: why do i have
a feeling this would reqire lots of diy
pankkake: made
a small hole on the sheets
pankkake: when I was
a child, one exploded, and it started
a fire on my bed
pankkake: I have
a vacuum tube amplifier, I think it's going to explode eventually
b0n1: hey guys! I remember there will be
a bitcoin conference in romania beginning for 2014, right?
the20year: Anyone want to take
a look at this next revision of the RentalStarter biz plan?
mircea_popescu: given the nature of hashing these can only be extrapolated into
a hash estimate, which may vary arbitrarily much from the real value
mircea_popescu: decimation the argument could be brought that all loss of
a bitcoin wallet is intentional.
Neil: There's
a much faster way that uses no logs or bignums...
Neil: "Here's
a fast way to calculate bitcoin difficulty" folllowed by lots of spaghetti from Amir.
decimation: Indeed, the risks are obviously much greater for
a btc wallet
KRS1: yeah i dig it but...its not
a bitcoin wallet.
Neil: The difficulty is known at the block prior to the block with the new difficulty (it's
a 2015 block window). So theoretically bets in the period of the 2016th block should be refunded.
mircea_popescu: maybe some dork manages to send
a donation bet for whatever, 5k btc
mircea_popescu: srsly, if there's
a sudden gulp and it looks like no have the upper hand...
Neil: I give it 60% chance of getting to 1690. The leeches will come in in about 1 week (on either side) when the outcome will be clear, even to scrape
a 2%
Neil: KRS1: Only in
a controlled and verified env I suspect.
KRS1: there is
a new offering from the U.K. for that
Neil: Wouldn't be surprised to see 2bn difficulty bet could get to 1500 total. Would that be
a record?
KRS1: is it even possible to provide wallet insurance and successfully make
a profit?
mircea_popescu: yes well just because we found
a black swan is no reason to go looking for black lions.
mircea_popescu: or
a dumbass and his website, or
a website and its dumbass or however this works.
KRS1: i have no idea how you can insure
a bitcoin wallet.
mircea_popescu: KRS1 "yet another tranny thinking he's
a woman / guy with dreamweaver thinking he's
a coder / guy with
a student loan thinking he's
a financier making some dumbass social platform tht won't go anywhere and he won't stop talking about"
mircea_popescu: ThickAsThieves in
a functioning economy he gets it just in time to mine 10.98x btc off it
decimation: yes. I ordered
a "2nd batch" neptune for ~11 btc and I was wondering about the probability it would actually arrive and work would be
decimation: hi. I'm
a noob to the channel, but I note the conversation shifted to mining - and I was wondering if anyone had experience with kncminer stuff?
Apocalyptic: "
A miner would notice he got
a block" // how so ?
Neil: But then what would they be paying miners with?
A miner would notice he got
a block and the pool didn't claim it, at some point.
mircea_popescu: no but they just broadcast the block off
a new ip each time
mircea_popescu: another way of saying "concern trolling on
a planetary scale"
ThickAsThieves: After all the reddit scare, I wonder if the pool simply set up
a way to anonymize some of its hashing
mircea_popescu: Neil that gaming theory has the barb that it workls in reality, not in people's imagination. there's
a huge premium on pissing off the right crowd of people.
mircea_popescu: if there's
a 2 day fork say the no people will make out like bandits.
Neil: True.
A guy betting Yes just gets
a crumb :)
mircea_popescu: and let me point out to you that originally nobody thought there's
a chance in hell it reaches 2bn by feb.
mircea_popescu: Neil i think our 50:1 bs is misstating the point.
a guy betting no only gets 4x his btc
Neil: These difficulty bets should have
a slightly larger window of closing to resolution than 5 days IMO. It tends to be too obvious then. At least
a full cycle (10-12 days) should be the gap.
Neil: Well, baggsied that as
a new proposition, and funded it :)
Neil: I track it in
a s/s of my own; do my own thing :)
mircea_popescu: but hash rate is "how many times per second did we fail to solve
a specified problem"
Neil: There is of course quite wild variance, which is where
a modicum of skill comes in, but not much
b0n1: maybe 25% is
a bit too much to assume but anyway, its totally risky
b0n1: with an assumption of 20% diff increase we have
a break even in 97 days