log☇︎
296800+ entries in 2.195s
BitHub: cause my friend knows i'm into bitcoin and that
punkman: http://rlv.zcache.com/i_love_vaporware_mesh_hats-ra52a04ca77754b67a848ac0e607cb30d_v9wfy_8byvr_512.jpg
BitHub: sorry i know i usually troll but im very serious about this one
punkman: I like that a new altcoin is popping up every other week now
mircea_popescu: i'm not really believing it either.
BitHub: i cant believe it
BitHub: i wasn't talking to him directly, my friend was talking to him for me heh
BitHub: i dont know
BitHub: i was just talking to some guy on the phone
mircea_popescu: (which is what i meant earlier. sov AND MINING grew lots)
MJR_: mircea_popescu: yeah, i like the business model, i'm working on an fpga design that should be more efficient, and can then do an avalon style chip maybe...as far as i have seen, the designs work, but that doesn't mean they are nearly on the level they could be
bgupta: I've heard of some of the example's like metal content exceeding face value and no matter what gov't laws go into place they will get scrapped.
punkman: I know just enough to know I don't know shit
MJR_: mircea_popescu: i'm working on a blog... plan on juxtaposing the tower of babel with bitcoin...money as speech etc
mircea_popescu: MJR_ i think both ways.
bgupta: I am an engineer by profession, not economist.
bgupta: well many of you guys have been in channel for months if not years.. I'm realatively new..
MJR_: i literally almost didn't mention it this time, because i figured everyone would be like "oh no, not gresham's law again, we all know asshole"
bgupta: was trying to figure out how to transfer most of my savings into btc (as SoV).. but decided if I just wait a few years, most of my assets will be in btc if I do nothing. (Not sure if that was clear)
mircea_popescu: i submit the 3-6april 4 day interval qwould have killed a ponzi.
ThickAsThieves: i think we were at about 59000 coins at 140
ThickAsThieves: 37% is roughly how much the price has risen i bet too
MJR_: well that was my biggest point about a magic money machine, i would gladly throw all of my paychecks into btc and hold them, if i could spend them freely without worrying about ACH transfer times, etc
bgupta: (Making sure I am taking away the correct message from post)
bgupta: so I guess the arguement is it can exist largely as an SoV?, as long as it's tradable into fiat, and other goods services?
mircea_popescu: meanwhile i would say the small things lost share and the larger things gained.
mircea_popescu: i have an old graph somewhere, want me to dig it up ?
MJR_: i know it moves quick...
mircea_popescu: i have no idea why people still reference sr when discussing bitcoin commerce.
bgupta: err 21 million i mean
bgupta: yeah I know, but last I heard "commerce" at least on the silk road side was like 12 million per month.. how much larger is other commerce..
MJR_: but bgupta, my point was that there are fundamentals to back this up...actual bitcoin transactions for goods is up quite a bit, and we are just getting big enough to attract real attention from big fish, this is what i think happens today and this week...
thestringpuller: I made like a 1000 bucks easy
thestringpuller: mircea_popescu i used AirBNB to throw a party
Namworld: Let's just say that the debt in USD value is already at 35k USD which I'd be quite hard pressed to be able to purchase that much in BTC. I have over half that in free BTC and much more in BTC assets however.
Bowjob: Ah, i didnt win anything from the rape contest. shoulda paid more attention to photoshop class lol
mjr___: its just close to the US, and I have some family there
mircea_popescu: i can attest us adverising was always insane
dub: via US I get offers of 'shocking footage' about chinese gold hoarding, anit-obama liberal agenda shit and emergency supplies
dub: from my home space I get adds for international travel, hotels and insurance
dub: I find browsing the net from american IPs quite unsettling
thestringpuller: I'd rather gamble on the market
dub: I honestly cannot tell if he's a troll or not
dub: I say old chap. Down with this sort of thing!
mircea_popescu: jurov you know i don't highlight on mircea
mircea_popescu: i was just telling him off.
mjr___: i kinda wish you and vexare had continued in english
mjr___: i think they may need to lower the sending threshhold eventually
mjr___: its crazy to see all the tiny amounts of bitcoin i have left across the web
jurov: lol i'm actually in the same timezone.. just confused by summertime
mircea_popescu: they get dunked into the riever every time they say "I feel what the author really means"
mircea_popescu: i'm an opponent to free education, and also to nonviolent education.
thestringpuller: mircea_popescu: I feel as though you are an opponent to education because of the tendency for the young's reluctance to "listen"
MJR__: that's why I got the 164 calls in the first place...calls haven't let down so far
mjr___: and here i was being nervous about 164 call...
benkay: mostly because i'm trying to develop expertise in the evaluating of people thing
benkay: i wish i could meet the guy
mircea_popescu: ok, that i can buy.
mircea_popescu: i am saying that the statistically expected benefit is degrees of magnitude under the statistically expected loss.
mircea_popescu: no, i'm not saying that statistically he's likel;y to fail
benkay: i don't really think he's looking at an investment-caliber round
mircea_popescu: i put 10btc in 1k such projects
mircea_popescu: here's the problem : suppose i'm an investment fund. i have 10k btc.
mircea_popescu: i have a lot of trouble believing that.
mircea_popescu: there's a reason I ipo already functioning sites.
Troic: I thought the gem thing was a freak novelty gizmo fad, I liked the bitcoin flower better :).
mircea_popescu: guy codes but wants to pay 10k for something I could probably werite myself
mircea_popescu: I ran a social games company on Facebook since 2008 to 2012; in the 5 years of operation I made many games. "
mircea_popescu: no listen to this : "Why do I think we can triple profits?
mircea_popescu: i throw them out anyway.
mircea_popescu: I'm here to propose a take over of www.bitcoingem.com together. I was made aware that this is the first chain game and by the looks of its traffic stats its pretty well established.
benkay: it's not a terribly bad idea, but i see what you mean about the individual.
mircea_popescu: Hello I am son of Prince which I can proof with 40 degree alcohol.
mircea_popescu: "my full name is David Tenemaza Kramaley - you can look me up in the UK companies house as a registered director. I've been featured in the BBC, Business Insider, The Times, National Geographic, Radio 4, etc... I can proof all of this to serious investors."
benkay: i'm reading that. are you talking about everyone in the thread? the individual proposing the thing? the followers?
benkay: apologies if I'm late to the party...
deadweasel: nice. help is good. i need someone to type for me. :/
mod6: but i've got some help now, so that's pretty awesome
mod6: cause thats when i get the most stuff done i think
mod6: i need to get back on the all-night-satoshi-horse again though and keep coding
deadweasel: ha, i hear ya.
mod6: has been pretty minimal for years. epecially since i've been in btc.
mod6: and i've had like 5 cups of coffee now. so.. ZOOM
mod6: wow. that kinda thing usually makes me raise my eyebrows, but this time i had a tx that was held up! lol
Lyspooner: casascius coins are expensive http://www.ebay.com/sch/i.html?_nkw=casascius
mjr___: speaking of which, i may need some beta testing done...
mjr___: the fact that i got 8 means i should be able to get more though i think
mjr___: but i can't do much with the POS router i get from time warner
mjr___: can't wait to move my ec2 instance up to a high i/o model
mjr___: its using upnp i think
jurov: and also, i repeat if that got lost... it's better to keep it running all the time(hence my mini itx box suggestion)
mjr___: i usually get around 8
mjr___: i heard there was a way to increase how many nodes you connect to
jurov: i enjoy quick tx propagation
jurov: since i run two instances anyway, it was easiest to have 0.8.1 sync from 0.7
mod6: jeeze i really need to quit other shit an just do this full time, hard to keep up
mod6: i think what i remember hearing about it is that 0.8.1 breaks the upgrade process... or it was more problematic then usual.
jurov: mod6, I'm happy with 0.8.1. its' much easied on hdd
mod6: ahh, ok. i heard there was a fierce debate on that in -dev
deadweasel: because i can't get into #bitcoin-security and see if .8 is borked worse than it seems...