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294900+ entries in 2.18s
VanCleef: i'm thinking about doing an ipo about doing a bitcoin business in america. its a really good safe jurisdiction that encourages innovation and new ideas.
ozbot: Scientists Say They've Confirmed A New Element : The Two-Way : NPR
ThickAsThieves: http://www.npr.org/blogs/thetwo-way/2013/08/27/216222043/scientists-say-theyve-confirmed-a-new-element
ThickAsThieves: cue a whole meme series
ThickAsThieves: I will give props to labcoin for a not horrible logo
ThickAsThieves: "BACKERS INCLUDE A WOMAN WHO HAS BEEN REPORTED AS MISSING SINCE 2011"
ThickAsThieves: anatomy of a btcgarden
ThickAsThieves: “We had a board meeting which put together a small research group, tasked with making an initial assessment of business opportunities in the fledgling digital currency area. The team presented its report in early January, and the report identified the digital currencies as a potential area of disruptive technological breakthroughs, and a very promising investment opportunity.”
ThickAsThieves: "Massive Luck Investments, which has offices in places including Manila and the UK, is a relatively new entrant to the bitcoin space. "
mircea_popescu: a
Rulother: We need a translation bot in here
mircea_popescu: dexX7_ some complaint about someone answering a phone
dexX7_: Ukyo: http://www.btcpie.com/blog_2013/08/bitfunder%ef%bc%88weexchange-%e6%b3%a8%e5%86%8c%e5%8f%8a%e5%85%85%e5%80%bc%e6%8c%87%e5%8d%97 some chinese guys created a tutorial on how to register @ bf, maybe this is useful for you
mircea_popescu: if it goes to two, it's a further -40%
mircea_popescu: the move from ~4 to 3.5 was a good 15% sliced offa there.
ThickAsThieves: until now there was no call for a pricewar
Rulother: I have a couple of singles to get money for, I'm not letting that go so easily. Nor do I let money just go to waste.
ystarnaud: i personally just wrote off my $1300ish paid for a single... and moving on
Rulother: There is a big movement to get a class action lawsuit going
ystarnaud: you can get a refund through a painful process if you used paypal i think...
ThickAsThieves: "Price of BFL Single: $2499 for 50Ghs. Price for 5x AM blades: 3.5btc x 5 x 130 = $2275 for 50Ghs. Every single BFL device that has been pre-ordered just got undercut. I would expect nearly every rational actor with a BFL preorder to cancel immediately. Friedcat just bankrupted them."
ThickAsThieves: (testing a theory)
mircea_popescu: here's an open secret : bitcoin is much like south africa back when it worked, an apartheid system. forumers, redditors and co are 2nd class citizens. we don't give a shit about them.
mircea_popescu: who the fuck is appointed in a chat log in the first place. am i missing something ?
ystarnaud: everything's a scam lol
mircea_popescu: que burnside explaining how he had a lot of respect for mpoe-pr
mircea_popescu: ystarnaud certainly a good back-up to have just in case.
ystarnaud: i see it as a good alternative to BTC
ystarnaud: like a few weeks ago... (cant remember exact numbers but around those...) LTC was 2.4USD... BTC 96 USD... you had a ratio of 0.025LTC/BTC... now its like 2.35LTC/USD and BTC is 115BTC/USD for a ratio of 0.0204LTC/BTC
ThickAsThieves: it might have a life
ThickAsThieves: yet is not reliable enough to be a solid hedge
matuszed: The diff for ltc was a 100 in April
mircea_popescu: bitcoin is one of those markets, like television, where being #1 pays. being #2 maybe can be made stable if you cut corners. the rest however is a money black hole.
mircea_popescu: that'll quickly becvome a problem.
San1ty-Work_: got dc'd a while
mircea_popescu: San1ty-Work a company once imploded over this exact problem.
ThickAsThieves: is that a bitfury thing?
dexX7: 51 % is the absolutely worst case, but the double spending problem is fluent. if you didn't read it already, i highly recomment to do so: https://bitcoil.co.il/Doublespend.pdf - it's not about "does one have enough hashing power" but "would it be ev+ with the current hashing power to try a double spend"
ThickAsThieves: there is still a lot of margin
gecko_x2: not even with gen2.. for a longer time than ppl expect
ThickAsThieves: it will be a ride
ThickAsThieves: while it wont be a monthly schedule, yes AM has already made clear they intend to add at least 800-1000TH to the nethash over the next 3mos
gecko_x2: will all the asic miners collectively be able to add 50% a month?
gecko_x2: San1ty-Work just simply they had a monopoly, and now competition is springing up from all over the place
San1ty-Work: gecko_x2: Atleast have a reasoning behind it...
ThickAsThieves: this is a regular topic
ThickAsThieves: i am willing to put my money behind a bet, this is how we sort out confident opinions from mindless delusion for a lesser co like labcoin
ThickAsThieves: anyone else with a chip order
ThickAsThieves: so, "realistically" speaking, Labcoin might have half a percent of the network in a month
gecko_x2: then a forum post
gecko_x2: oh they would 'analyze' the pics and return with a barrage of a thousand new questions
gecko_x2: sending out pics of your daily work to thousands of hysterical forum trolls is not the best way to ensure a peaceful work environment
dexX7: two weeks are a long time
dexX7: why in a few hours?
gecko_x2: it's gonna skyrocket in a few hours
jurov: Those that talk about “the New World Order” in a “derogatory” manner...oh my
thestringpuller: about what 2 bitcoins worth a day?
thestringpuller: not a lot of xbond is selling though :\
bobbabad: annoying to have these people "fronting" a project rather then the actual owners
bobbabad: theswede is a clown at doing PR
jborkl: It was on that shitty rag of a bit coin mewspaper
userioao: I didn't see such a thing
userioao: can you post a link to where you saw they talk about 40th chips
Duffer1: they're trying to pass off a group buy for 3x market value
jborkl: I just wrote a better business plan than some of these ipos
jborkl: Well I am going to make a 11nm chip that runs at 5ph , so game over bitches
Urushiol: like a swimsuit?
Diablo-D3: a swiss outfit
mircea_popescu: but a serious, multi-million mask made for 28nm is better than a rushed 65nm whatever.
mircea_popescu: so it wouldn't be a 28nm that's 100x better than 65nm per se
mircea_popescu: imo the sound had a distinct, and pleasant quality.
mircea_popescu: anyway, has anyone even done a sum of all promised hashing this year ? just for lulz if nothing else.
mircea_popescu: it's not as much a list of what the govt perceives as threaths, as a list of pats on the back for a bunch of old people that indeed someone still gives a shit
dub: I run a jdm ecu and decat system to maximise emissions
Rulother-pc_: Yeah then you get to pay a tag fee and an ad volorum tax
Rulother-pc_: In my state, you have to get your emissions tested for you car once a year, every year before your birthday month
mircea_popescu: Namworld that's a common problem.
Namworld: Which is why I got a good bunch of BTC not tied anywhere
VanCleef: like a b0$$
thestringpuller: just go rob a baby of his trust fund by gun point
kakobrekla: he doesnt stand out since scammyness is on a rise back to the glbse levels
kakobrekla: Diablo-D3 a bunch of people on this chan has
VanCleef: MP is a hologram
Diablo-D3: its probably just a troll persona created by some scammer
mircea_popescu: a yeah, syria's gettin' ugly.
AndrewJackson: Tried to stop them getting a hold . but alas i did
VanCleef: i think asicminer is a scam i get the feeling friedcat isn't his real name
Diablo-D3: Namworld: meh, Im a beast
Namworld: ThickAsThieves: of course he's a beast, he's a fucking dark templar. (look at profile pic)
Diablo-D3: because hes a troll
mircea_popescu: a beast, how ?
Diablo-D3: hes a troll
ThickAsThieves: i will tell you one thing Jutarul is a beast
ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg3022356#msg3022356 a board member responds
VanCleef: a marketplace made up of many differnt types of sick, demented animals
pankkake: anyone not being a narcissist hates themselves anyway
pankkake: as a narcissist, I take it as a compliment
ThickAsThieves: to a narcissist, surely
mircea_popescu: but isn't calling someone a narcissist more like a compliment ?
ThickAsThieves: "Mircea Popescu is a narcissistic windbag. Stop giving him your attention."