log☇︎
286200+ entries in 1.691s
ThickAsThieves: and didnt realize how right i was,
ThickAsThieves: yesterday I mentioned they could be like HP
ericmuyser: fiat500: but i dont think the divs are much to them really
Chaaang-Noi: fiat500 i agree, but they are buying lots right now
Chaaang-Noi: i bought into AM just cuz they were in china
ThickAsThieves: the only saving grace i can suss for AM
ThickAsThieves: the more I dug into how correct you were
ThickAsThieves: the more I thought about it
ThickAsThieves: mircea_popescu, I'm gonna be one of those people to thank you for prying my eyes open after our conversation about AM yesterday
Chaaang-Noi: anyway i was just kidding, im all about free speach and free prees but what that guy said was just ignorant
Chaaang-Noi: pretty sure i would be called a terrorist by many jounilist ffor killing off stupid journilitz
deadweasel: lol, i think you should be able to pick up a drone online in the next 10 years
Chaaang-Noi: if i was predident of the world, i would use drones to kill off people like that reporter
Chaaang-Noi: i wonder what percent
deadweasel: i wonder
Chaaang-Noi: i just dont want to go to the copy shop anymore esp btc stuff
Chaaang-Noi: so i had to buy new ink each time i wanted to print, was fail
Chaaang-Noi: my ink jet the ink on the heads just dried up cuz i did not use it enough
Chaaang-Noi: i will never print 2k pages
Chaaang-Noi: i think im goint o pick one up $50 to $100 is worth the risk
jurov: lmao http://i.imgur.com/MYPudoC.png
fiat500: i think it cost $40 or something ridiculously low like that
fiat500: Chaaang-Noi: i have a laser printer here that i use once or twice a year
Chaaang-Noi: and i would rather waste $100 on a printer than lose $100,000 in btc
maz0: man seems like a waste. thats what I use the printer in work for
Chaaang-Noi: i dont trust kinkos or the like
Chaaang-Noi: i will print maybe 5 pages a month
Chaaang-Noi: i will never buy an ink jet again
bdk_kluge: Yeah... I have an Epson inkjet. It "runs out of ink" every time I want to print something -.-
bdk_kluge: If it's just powder, I'd assume you want it dry :p
Chaaang-Noi: i got the ink jet and i did not use it enough and the ink always dried out, was crap
Chaaang-Noi: like if i use it once a month it will be fine?
bdk_kluge: It uses powdered ink, I think.
Chaaang-Noi: i guess
Chaaang-Noi: i just looked up the value, its only worth 10k usd :(
Chaaang-Noi: but i dont know, the size is large, but the quality is low so i dont even know
bdk_kluge: Oh. I don't know jack shit about diamonds, but he designed a ring for me something like a year ago and was pretty great throughout. I don't think he liked our design choices, though, lol
Chaaang-Noi: trying to get a value on something he is selling, but i think its just way too high
Chaaang-Noi: yeah, he is the one selling, so i want to ask someone else :)
bdk_kluge: That TipTopGem guy's in Thailand, I believe.
ThickAsThieves: i recall they used to get creative with fees too
ThickAsThieves: so I cancelled it
ThickAsThieves: I had a HSBC credit card a long time ago, and one day they sent me this offer that essentially would result in a much higher APR through some scheme
bdk_kluge: I'm still shocked by - who was it -- HSBC in Mexico with the drug cartels - or was it RBS? Now I have to look it up again...
Chaaang-Noi: kludge i know who you are talking about, that was liberty dollar
bdk_kluge: I'm getting names confused.
Namworld: So i guess the payment system is borked, but not the trading platform
Namworld: oh, I see what mircea meant about the chain stuff
Namworld: I haven't really used the payment system
ThickAsThieves: omg I spy an MPEX logo!
cole_albon: I think the speed of ripple transactions makes it superior to bitcoin as a payment system.
Namworld: Yeah, I guess
ThickAsThieves: i dunno what aspect is borked but ive seen him discussing
Namworld: I have an indication of how much I hold of which issuers
Namworld: http://i.imgur.com/fDINCKF.png
Namworld: and although my balance shows 0.02 BTC, if I go on trust tab...
Namworld: Because I only have 0.01 fucking Weexchange BTC
Namworld: Ok, so I have purchased 0.01 BTC from Weexchange BTC orderbook and 0.01 BTC from Bitstamp BTC orderbook. I had 0.02 BTC in my account in balance summary. I then proceeded to place a 1 BTC sale order on the Weexchange BTC orderbook.
Namworld: Guess I'll have to go back to Ripple and mess around, testing
dub: I think that scene from Dumb and Dumber explains ripple best
jborkl: mass i mean
jborkl: I read on their website they just go poof
Namworld: I can't get BitStamp's IOUs or withdraw anything without trusting BitStamp IOUs
Namworld: [22:53] <Namworld> I decide to trust BitStamp's IOUs
jborkl: why i dont want your IOU for a cheeseburger, thanks anyway
Namworld: I then send BitStamp IOUs to BitStamp, including my BitStamp account # in some field
Namworld: Ripple executes the trade, I get the guy's IOUs, he gets my XRP
Namworld: I decide to fill the order
Namworld: I see someone is offering 5 BTC BitStamp IOU for 40k XRP
Namworld: Then I proceed to check the XRP to BitStamp BTC orderbook
Namworld: I decide to trust BitStamp's IOUs
Namworld: That's what I'm saying, for fuck sake, when did I included ripple in all this?
dub: I think you're talking about different things, Namworld is still talking about some idiot paying 5btc for his ripples while mircea_popescu is talking about how ripple works
Namworld: I trusted Bitstamp as an issuer. Then traded these XRPs for BitStamp issued BTC IOUs
Namworld: From Ripple I guess
Namworld: From the giveaway thread, as I said.
Namworld: It works exactly as in this graph, as far as I witnessed: https://ripple.com/wp-content/uploads/2012/12/how32.png
Namworld: That's not how I understand and witnessed Ripple to work.
mircea_popescu: listen, the way i find out what the president of the republic ate
Namworld: Maybe if I had a more complex trust network...
Namworld: Well I didn't notice any kind of mixing...
mircea_popescu: cole_albon no, i meant the naive stone age "free rate repo" system
Namworld: I might be mistaken... but I didn't notice any such chain trust effect
mircea_popescu: cole_albon i think you hafta read the scrollback.
Namworld: As for #3, I think you got your facts wrong...
mircea_popescu: but! when i accept this, i undertake someone's CP risk
mircea_popescu: if they credited my acct with ~300 bux for every 100 deposited i'd consider it.
mircea_popescu: Namworld i wouldn't deposit money in mtgox because the mtgox risk requires a premium
mircea_popescu: as long as i take debt, ANY debt, i expect a %
mircea_popescu: i don't care lol.
mircea_popescu: as far as i know, if your bank is showing 200 dollars in your account
mircea_popescu: pigeons you want to give that a read say if i've fucked up anything ?
aknap3: thought there was something about ripple trust being transitive, so if you trust someone, you are also trusting their judgment of others, but maybe I misunderstood it
mircea_popescu: [\\\] finally came to me when i saw your dasehs. magic.
[\]: I forget now
mircea_popescu: i thought it was way over that
[\]: I wasn't a partner or anything
[\]: I was just keeping track of who was owed what
[\]: mircea_popescu: what was I handling a year ago?
mircea_popescu: and i guess this all calls for a write-up