277200+ entries in 1.705s
ohider: if its bullet proof its
a way to get off the USD
Duffer1: to spite
a rival nation / state that wants to kill it
pankkake: why would
a state chose to use/protect bitcoin? (real question)
Duffer1: there's
a relevant trilema article on this somewhere
ohider: if bitcoin threatens fiat wouldn't that be
a small price to pay to kill it
Duffer1: it would take the efforts of
a major nation to attempt such an attack on bitcoin
pankkake: if you want to "dominate" litecoin just rent botnets or supercomputers for
a day
pankkake: gpus cost
a lot too… (except of course that most litecoiners are 15 year olds who don't pay for gpus and electritiy)
ohider: if GE wants to kill bitcoin they could just buy
a shit ton of asic technology and dominate it
ohider: asic costs
a lot but you get
a lot of bang for your buck
mircea_popescu: going from the fringe fave to the mainstream clone is
a move few survive
ohider: I hear this shit about bitcoin needs litecoin like gold needs silver. Is the next investment
a coin that is impervious to asic?
truffles: cant raise
a family homeless..
ohider: but he is homeless and can't get
a bank account
ohider: dude is
a dev and homeless by choice.
A "Into the Wild" type dude
Duffer1: 650+
a day clicking 12 videos that pay .00000001 per click
Duffer1: that's actually saying
a lot since imo most alts are shit
Duffer1: i like namecoin, i'd have
a very small position if things were different
ohider: what is more valuable, 1 unit of name coin or
a name coin url
BingoBoingo: asciilifeform: Nah. School boosters generally have
a motivation for paying student athletes in that the more homework the athlete can afford the moar handegg they can practice and hopefully the more the team wins. What the athlete in this scheme would probably end with is not the Bitcoins, but some other value for which Bitcoins provide
a measure of plausible deniability.
ohider: fuck why not there an article about
a homeless guy who has
a tablet and
a solar panel that lives off bitcoin
BingoBoingo: I dunno Bitcoin might be
a great way to get around NCAA prohibitions on paying college athletes if it is done right.
Duffer1: wouldn't you want something without
a public ledger if you don't want to worry about getting expelled?
Duffer1: using bitcoin would be
a good way to get caught
ohider: if people want to steal ideas and resubmit theres no stopping that but if students can have
a way of getting paid the motivation of doing school work is changed
ohider:
a legitimate way of getting paid for the work that you do in class
Duffer1: for
a homework buying website?
ohider: if bitcoin tip works on reddit would that system work on
a website that students can post their work?
twizt: i set
a password so hard on my nick
Duffer1: piers was more like
a dog presenting
mircea_popescu: need somewhat of
a el che look to pull off crazy in
a cool way.
mircea_popescu: nothing funnier than
a very excited conspiracy theorist that looks like
a bank clerk
Duffer1:
a retard vs
a british pundit talking about american gun control
the20year1: He's always interesting to talk to, asside from owning
a dozen or so subways, the company he ran had gross sales of $30m-$40m
a year
the20year1: and he had quite
a bit of statistics from various employment firms, since most fast food workers were so transient
the20year1: They continue to take polls and check data, and every single time workers were asked, they were all willing to quit and change their job to work at
a bank for minimum wage, just because of the percieved class difference between fast food and working at
a bank
the20year1: For instance,
a good friend of mine owned about
a dozen subways (Sub shops), and they paid about $8/hr starting wage, work there for
a year and you're up to $12
a hour if you don't make management (most do by that point) and you're up to $14
mircea_popescu: 8% of the people actively looking for
a job can't find one. 30% or so of the people who could work do not
the20year1: There's
a huge percieved difference between jobs, so much so that people are willing
a 50% pay cut for something that they percieve as
a good job
the20year1: Around here, if you're
a decently skilled welder the rates are ~$100/hr
the20year1: There's
a pretty good bit of information on the problem from mike rowe
benkay: maybe they should get
a job as
a welder
the20year1: The ones that take 6-12 months of on the job training before you have somewhat reasonable skill and can go under
a contractor,
a few years there and you can write your own ticket
the20year1: My contractor says the same thing, no one wants to work, he approached
a half dozen guys who keep complaining about there being no jobs in town. Offered $15/hr starting pay, none would do it
benkay: modern hippies would rather not work than take
a job that keeps them off the reefer
benkay: i got out of the atom-smashing business
a while ago
the20year1: One is
a line manager for one of the largest power co-ops in the US, he can't keep anyone
the20year1: I know two guys that have told me more than once, if I wanted to weld/tend oil lines i could start off making $60k-$70k
a year
Duffer1: truffles an amount that can sustain you without forced reliance on
a welfare system
benkay: the whole notion is fucked. there's
a generation out there laboring at fast food operations under
a few tens of thousands of dollars of debt undertaken for useless degrees.
KRS|Gotyawallet: Dyffer1 good point- i was shocked after going to college to see just how worthless
a degree was..i felt like i wasted my time, but I'm happy to have been educated.
the20year1: Locally,
a typical waitress could go out, and buy
a lower end house with
a FHA mortgage for her median income, alone
the20year1: Significantly lower cost of living, easier time getting
a job
mircea_popescu: if there's anyone left with
a working brain over there
KRS|Gotyawallet: folks within the FED are probably starting to poop their pants
a little on the liquid side 1Q14
the20year1: i'm still considering
a realestate coin
kakobrekla: i would have to go way back to get
a non sucky version
pankkake: it's
a fucking option, put it behind an "Avanced do not go there"
mircea_popescu: either can be eminently inadequate for
a certain purpose or in
a given circumstance
mircea_popescu: yes well. cheese is
a particular way to process milk. racism is
a particular way to process difference.
truffles: i see something wrong with it, but less so if its
a means to an end
KRS|Gotyawallet: could be
a number of different reasons, imo most of the time it has something to do with their personality type
KRS|Gotyawallet: Tropes Are Tools, not clichés. - this will help me take
a more critical approach to media
KRS|Gotyawallet: yea they do help, anything that floats to the top of their froth seems to be worth looking at for
a final decision as to whether its worth my time or not
KRS|Gotyawallet: because you aren't
a muppet i guess..they're easily spotted here.
benkay: i maintain my own ignore file tho so it's not as if
a t-ban's going to improve my life noticeably.
mircea_popescu: ha! "people claim diamonds are forever, yet they're an absolute scam. the same people claim bitcoin is
a scam, but really... bitcoin is forever."
VanCleef: hmmm casares and vorhees hey, i'll have
a look
mircea_popescu: but that aside, i know plenty of people with
a decade or multi-decade outlook
VanCleef: 10 years is
a very long time in bitcoin world
mircea_popescu: just like if nobody is actually cooking anything as complex as
a pizza there's no need for italian pizza ovens
VanCleef: i'm not locking away btc for 10years on
a bet
mircea_popescu: in general ipos tend to be overvalued because people suffer from
a "money on the table" issue.
ArsKisS: well.. scam is
a bit rough word
VanCleef: well, when pulling off
a bitcoin scam you gotta tkae as many coins as you can
truffles: everyone isnt charming though, its
a skill imo
truffles: everyone with charm should have
a crack at fiat :d
mircea_popescu: some kid with
a coupla grand decided he's gonna get himself rich online