293900+ entries in 2.142s
kleeck_: He gets called
a lot of stupid things because he got sick of hollywood.
kleeck_: If anyone complains about
a low hashrate I'll blame it on their midi-chlorian count
gribble: The answer is
a resounding no.
smickles: ;;8ball Is it
a game of reach?
mircea_popescu: so pretty much mining is
a on the long term
a way to lose btc, not make it.
mircea_popescu: just let it be where it is, put
a postit note on it saying "Romanian Central Bank Gold Vault - Rosia Montana division"
mircea_popescu: grubles old story. romania has huge gold deposits. always has. some dubious firm wants to raze
a mountain do cyanide extraction on some cubic km of ore.
Rawted: oh for sure, but they at least have to do
a little digging for it, and its supposed to be warranted. having
a company directly feed the info to them bypases all that legal mumbo jumbo, which is what worries me.
deadweasel: if you buy from them or sell from them, never leave
a balance at coinbase.
Rawted: now i made
a killing on FTC there, but i felt so bad about it i stopped mining altcoins lol.
pankkake: I thought I had the time to go out for
a while
mircea_popescu: hardly
a secret, it's why that chan turned into the forum
a year or two ago. what do you care ?
mircea_popescu: thought you were asking to join 1btc
a coupla days back.
grubles: nah i havent resubbed in
a while
mircea_popescu: just because there's
a tool of progress there's no guarantee any progress is taking place. keeping
a dildo in
a drawer somewhere don't mean you're getting fucked.
mircea_popescu: Rawted that happens to be one of the most common chip packages. sort-of like
a honda civic, you know ?
mircea_popescu: fact of the matter is, business doesn't give
a shit, sooner or later the tide goes out. when that happens all the naked swimmers don't really get the choice to run off and dress.
mircea_popescu: actually here's
a good thing you could publish on your blog : timeline of the miner scams and miner investment scams.
mircea_popescu: ThickAsThieves i'll give you even odds that many (most?) of these pseudo-mining offerings consisted of people trying to reimplement the famous pirate scams of the day. they collected bitcoin from suckers, bought AM in the hopes of AM going up, and with the intention of paying
a portion of the proceeds to their suckers.
ThickAsThieves: you can offer
a prize to both the bagholder and whoever sells at the highest price
matuszed: each coin is entitled to
a percantage of the flips
matuszed: Im going to ipo
a company that flips ipos
ThickAsThieves: small IPO =
a dozen flippers fighting to give some web designer 500btc
ThickAsThieves: they have
a nice video talking about how special they are
mircea_popescu: so eve is pushing
a 800mb patch what in the loving hell.
Rulother: I should just bet on that one, it was created by
a troll
mircea_popescu: in
a first approximation you could extract something by comparing Ts and eurodollars
mircea_popescu: suppose you had 10k in the bank but were not allowed to spend more than 1k
a year
mircea_popescu: benkay well, about 60% of work able adults in the us have
a job. the us official unemployment is 10%.
mircea_popescu: taub before bitcoin i was doing business consulting. this isn't the sort of thing books or universities teach, other than in
a very basic and fundamentally useless manner.
mircea_popescu: all this gets mixed together in the market an
a price emerges.
benkay: how do you hedge the inflation with
a shitbuck-denominated asset?
mircea_popescu: it wouldn't work worth
a shit if they tried to hedge both parts together, which is why they got separated. this incidentally is how finance works, isolates risks by types much like science isolates variables.
mircea_popescu: since the us is
a greatly impopular rogue state, the pressure on the currency is marked.
mircea_popescu: if i have
a bill from my cigar supplier in cuba for 10k usd, i can't use 10k usd from my ny bank account to pay it. i can however use 10k usd from my french bank to pay it just fine.
benkay: what regulations does the USG impose upon shitbucks that imposes
a penalty relative to eurodollars?
mircea_popescu: which is why they trade at
a premium over the domestic shit.
taub: for example i still dont know what
a eurodollar really is
taub: want to get
a better understanding of the current banking system
taub: coursera offers
a lot of interesting courses
taub: well its basically
a university course you can watch on
a website
mircea_popescu: he's wrong by default and absolutely stupid for even doing this sort of camwhoring without
a cam.
mircea_popescu: unless he's somebody, i don't give
a shiot what he thinks he thinks.
mircea_popescu: taub you understand that it is perfectly moot what nobody writes on
a page ?
taub: yea coursera requires you to get
a login
taub: This course offers an introduction to
a .money view. of economic activity for modern times, building on the intellectual traditions of British central banking and American institutionalism. Part One explores the economics of payment systems and money markets. Part Two explores connections with foreign exchange and capital markets.
taub: he's
a professor doing lectures
taub: so it looks like the course will get you
a good overview and understanding how shit runs right now
taub: but what's interesting is that he says he talks
a lot to poeple who work in banking
grubles: oh its still
a $100k+ unit if i wasnt renting
grubles: i, unfortunately, only have
a window to throw people out of
thestringpuller: invite 10 people at VIP's and charge all other nigga's 50 bucks
a pop
thestringpuller: I live in Atlanta and go to school downtown, so I figure if I can rent
a 4 bedroom loft for 24hours for 175-200 dollars, I can do that
kakobrekla: and then >WTF, Inaba. We have paid you Bitcoin, not USD. We buy bitcoin earning machines from you, but not
a USD debt notes. How can you end the contract without the consensus of the other side. We are supposed to have ASIC mining machines to mine bitcoin for us.
kakobrekla: "BFLS and it's derivative are now closed permanently. Server, I'm sorry if this upsets you, but it really is the best thing for everyone going forward and nets
a tidy profit for everyone who held shares. Each $600 units worth of shares has paid back $759.2 + whatever it's earned over it's lifetime, which is not an insignificant amount and is > 100% profit on the investment. I think that's pretty good for
a little over
a year, personally."
bobbabad: with QPF chips, such as AM's that dont have an exposed heatpad, you never put
a cooler ontop of the chips?
dub: Asicminer, they raised bitcoin on
a virtual clusterfuck pretending to be
a securities exchange, the end.
ascascasc: how they raised money on
a virtual exchange etc
zacm: labcoin not
a scam after all i guess
benkay: another one i've always found similarly amusing and less idiotic: have
a giant sheet of aluminum zipping around up in orbit. lob payload over it, and as payload clears apogee the film goes zipping by underneath. magnets in the payload set up eddy currents in the strip of aluminum, providing the forward oomph to accelerate payload. repeat with several more strips.
benkay: apropos only of oddball methods of achieving orbit, this one made me chuckle: you fire your payload directly up into the path of
a passing payload-catcher, which opens its payload-catching bay at precisely the right time to accept your payload without losing
a terrible amount of the gas in the bay, and closing the door behind the payload. payload compresses gas in intake bay as form of shock absorber.
Namworld: No, because I had
a large stake RG sold me -.-
Namworld: I already have
a business and spare ones to work on/with
benkay: and maybe
a business too
thestringpuller: no way you could build
a star destroyer or capital ship in even low earth orbit, without spending trillions of dollars
grubles: im having
a hard time wrapping my head around that
grubles: because youre like
a romanian pimp
thestringpuller: you need
a directional burn perpindicular to the initial apoasis in order to achieve
a stable orbit
mircea_popescu:
A space gun, by itself, is not capable of placing objects into stable orbit around the object (planet or otherwise) from which it is launched. The laws of two-body gravitation make it impossible to reach
a stable orbit
kleeck: I don't sell
a product, I teach you how to do it, young padawan.
kleeck: I want
a logo of Yoda, eyes closed, force-hands above his head with
a thought bubble containing
a hash, indicating Yoda is force-mining!