302900+ entries in 2.057s
mircea_popescu: i was preparing
a nice flower arrangement for the mizuho funeral
peterl: BITVPS spiked quite
a bit today
davout: s/proprietary gateway software/
a perl wrapper for the bitcoin client/
mircea_popescu: "There is already
a well-funded group developing proprietary gateway software to integrate
a BTC economy into several major game platforms. If you are still at the stage of raising capital you have probably already missed the boat."
mircea_popescu: so it's
a case of "the japanese have replaced our hambuger meat with tuna". right-o.
mircea_popescu: and yeah,. horse meat is sold at
a premium (esp because romania imports beef, and eats horse)
davout: what does that mean "she got
a paste" ?
mircea_popescu: mpoe-pr got
a paste. her response ? "the french may have invented sauce, but it's pretty weak"
davout: aknap3: there's actually
a story like that these days in the french news
davout: jimmy2k: yes, whether i will share it with you is
a whole other story
mircea_popescu:
a very simple design is usually safer than an apparenlty safer but more complex design
davout: but i guess if you compromise
a subkey you still have
a few options to do nasty things anyway
davout: mircea_popescu: isn't there
a haters thread already somewhere ? :)
mircea_popescu: lol DiabloD3 actually, there's
a shocker re the bitcoin girls in the pipeline
deadweasel: what are they doing with customers funds? Lending them out? Getting 1% in
a bank account?
peterl: no, there were
a couple steps up
deadweasel: causing price bulge on gox.... I am not sure Gox has
a bank that will do USD withdrawals for them...
jborkl_: but to me bitcoin is
a commodity - I have
a barrel of oil - I know what it is worth, but I can not go buy food with it
mircea_popescu: furuknap the fact x involved party needs to eat is not more
a germane point in discussing btc deonomination than in discussing dollar denomination,
furuknap: It must, or someone will have
a rude awakening in 2016 if the block reward doesn't explode from TX fees.
furuknap: If halving effect is 50% then each month, with
a price of 3BTC/share, AM 'loses' 0.0340909BTC.
jborkl_: then I can still buy my hamburger even with
a reward drop
jborkl_: and
a hamburger is .7 bitcoin in 3 years
jborkl_: well, ok if
a hamburger is .1 btc right now
jborkl_: even with
a block of 15 at $225
mircea_popescu: they may be half
a btc per block, but they won't be 10
furuknap: friedcat said that TX fees must be at 15BTC per block to protect Bitcoin. That's
a very scary statement.
jborkl_: and everyone was all in
a panic in November 2012, it all worked out fine
furuknap: I'd put it slightly lower than that, but it's still starting to look like
a loss project. My numbers from two months ago are still holding true.
mircea_popescu: if you consider your weekly amortisation to be 1% (it is
a mining thing after all) then each week is
a ~0.013 loss per share.
mjr_: that was
a btc amount?
jborkl_: I just go off the number of coins I expect the network to produce, which is more or less constant across
a long time period- / percentage of network owned /number of divisible units (shares) + hw sales
furuknap: Nah, too much of
a hassle. I only calculate AM based on network share, not hash rate :-)
jborkl_: that is tto short of
a time frame, the variance on that is huge
furuknap: Yeah, I know that, but why is the top ones, on
a live chart, sying 26 when the average is higher?
furuknap: True, it's
a bit up. The point remains, when nethash flattens out, and it must at some point, it will doubly affect DMS.* assets.
furuknap: If that keeps happening, it will be
a double reverse.
furuknap: I'm somewhat cautious about the DMS.* assets, though, as they effectively have somewhat of
a double exposure.
mircea_popescu: ThickAsThieves ironically enough
a guy vby the name brendio was drafting the same thing about may 2012
mircea_popescu: Chase bank and another bank, have both decided that we as
a Bitcoin based business are "Too High Risk" of clients, and have frozen/shut down our accounts. We were NOT given notice, and we were simply told "your funds will be sent to you by check within 30 days". This is not something we were ever warned about, given notice of, or even received the courtesy of
a phone call from the bank beforehand.
mircea_popescu: well actually he's
a fat guy from the midwest who pretends to be
a juvenile japanese female with magicval powers, karate expertise
mircea_popescu: was
a sight to behold. course like 1k posts were meanwhile deleted
ThickAsThieves: fascinating indeed, talking to usagi just gives me
a headache
ThickAsThieves: lol, first comment on Facebook in response to the USD thing "What is really
a joke is that we don't have LTC yet"
pankkake: takes
a day to go in production. unless that's how they develop: in production
pankkake: really, you might need
a day to change to
a new system, but what are they going to do for two weeks?
ThickAsThieves: We are currently making improvements to process withdrawals of United States Dollar (USD) denominations, and as
a result are temporarily suspending cash withdrawals of USD for the next two weeks.
truffles: "e, LeaseWeb's senior lawyer Alex de Joode said that nobody had attempted to access the Megaupload data in more than
a year." i think we know why
mircea_popescu: On Wednesday, Dotcom said that he would have bought back all of Megaupload's servers from the companies that hosted them, but he was unable to because the DoJ had frozen all of the company's assets and refused to release even
a portion of them for the purpose.
mircea_popescu: how did they confiscate his btc ? wasn't he
a big deal btc investor with like the twinkletwinks or w/e ?
ThickAsThieves: "You say that as if it's
a bad thing. I can't begin to contemplate what must be going on inside the skullous cavity of some dood imagining exchange executives " ... buy their own servers? ;)
mircea_popescu: ThickAsThieves so wait. kim guy is supposedly into bitcoin, has not
a dime left to buy servers ?
mircea_popescu: dude there's
a rift straight to hell oppened two houses down
ThickAsThieves: Microsoft is abandoning its DRM policies for Xbox One, “as
a result of feedback from the Xbox community.”
mircea_popescu: "Seems that the well known yet little discussed fact that the majority of people "in Bitcoin" have
a mental age of about nine is finally being recognized and exploited commercially."
kakobrekla: well, first we need to figure out if no more 'scammetags' are given for
a while now
mircea_popescu: because in
a village of scammy idiots, running any sort of legitimate business is significantly morer difficult.
mircea_popescu: unforeseen circumstances clause can never cover the "bet subject acts in
a deliberately deceitful manner"
mircea_popescu: run
a bitcointalk bet ? bitcointalk changes the respective behaviour
ThickAsThieves: running one alone doesn't affect potential for being
a scammer
mircea_popescu: basically the only way to run
a legitimate business in bitcoin
kakobrekla: i dont give
a fuck about the idea, just care about the bet
furuknap: I do. It may have dropped after I announced my asset and DMS.Mining took
a hit from doubled exposure and the huge DMS.Selling dividend. However, my asset won't mine for at least several weeks and DMS.Mining will recover if the difficulty stays low.
ThickAsThieves: would be awesome if i just set
a new price for DMS tho
jurov: have
a clue why such dump?
kakobrekla: Admit "Werner" is
a sock puppet account uner my control
ThickAsThieves: "Garr, you can officially piss off at this point and take your accusations and stick them straight up your ass. I tried to be nice and I wanted to help you and you give me all sorts of shit and accusations. This is why we no longer give
a shit about this forum; Everyone here is monumental assholes, no matter how accommodating one tries to be. Garr, you'll get your order when it
deadweasel: tits, what
a great read. i feel so lucky to not be one of those asshats. helps me remember I have no problems but imagined first world problems.
peterl: benkay: hey, I can wish, can't I? (I think you replaced the 'l' with
a '1', should be
a little 'L')