log☇︎
304600+ entries in 2.357s
jborkl: There is a instance of that going on right now
mircea_popescu: pretty much all the expectations you'd build on a levy-strauss model are amply represented.
fiat500: ive noticed there is also a cult of personality trend in the community
fiat500: if mean is the opposite of nice, i dont think it is a useful metric in the world of finance
jborkl: a rude crack head on the streets is worthless
mircea_popescu: it's a decent thesis subject.
mircea_popescu: it's a mishmash of performance, sacrifice to the gods (and for the record most souls in btc have a very shamanistical relarton to btc, their own "reputation" etc)
mircea_popescu: well whoever made the rejected ripple price bet based on ripplewhatever.com as a price signal
mircea_popescu: i wonder if they have a MPOE-PR said our stupiod idea sucks support group
jborkl: I don't know, maybe our special developer that dropped in a minute ago helps out
jborkl: 6.7 million in funding - and you get a 1000 hours of bitcoin community support
fiat500: they bought a house or something
fiat500: jborkl: yes its by a scammer isnt it?
ericmuyser: they're doing a great job. they could build a bot to slowly shave off their XRP, convert to BTC then into fiat and earn enough to pay back the VCs and still have a valuation higher than all of btc o.o
jborkl: I read a article last night that BTC startup incubator was being located here in my town
mircea_popescu: a sort of themed stripshow.
jborkl: fuck , either way I need to go find a vc and tell them some stupid shit
jborkl: we will take over bitcoin - come vc just a 100 mil or so
mircea_popescu: it was just a case of "make some shit to pump, quick, quick, i got these vcs sorta interested"
jborkl: but I can not figure why a ripple is worth more than 1/1000th of a penny- if that
mircea_popescu: you know for a fact that no more than X txs can ever occur ?
jborkl: Ripple destroy each other - there is a ripple and a anti-ripple
dub: luke is a crazy scary person
deadweasel: except a dialogue
jborkl: no, he will not. You do not understand - it is a pointless conversation fiat500
Luke-Jr: fiat500: sounds like you just need to spend a few months getting to know the trolls here :p
fiat500: i am a troll
fiat500: thats not a scam
jcpham: bitfury's fpga rack used _a lot_ of power iirc
fiat500: Luke-Jr: out of curiosity, what makes this a scam?
mircea_popescu: "yet another butthurt Bitcoin fraudster throws a fit. come one, come all"
Luke-Jr: "MPOE-PR is a representative of MPEX who also operate BitBet"
jcpham: what's a bitfury?
mircea_popescu: obviously enough, a known liar will be publicly despised.
fiat500: theres 100btc there, so if it isnt them, someone a) really believes in them and b) doesnt like you very much
Luke-Jr: or is it run by a troll or something?
fiat500: ah, announced a day before, giving people time to buy in
ThickAsThieves: what happened was a huge dividend
mircea_popescu: May 29 01:30:01 <fiat500>so many shitty neighborhoods didnt get fiber because the community was like "wtf we dont even have a computer at home"
mircea_popescu: so btw, can you open a lemonade stand where you are ?
jcpham: i've lived in a fale hut
peterl: US is a third world shit-hole already?
Diablo-D3: http://siberiantimes.com/science/casestudy/news/exclusive-the-first-pictures-of-blood-from-a-10000-year-old-siberian-woolly-mammoth/
mircea_popescu: jurov romania is actually a net contributor to the eu.
truff1es: i def wouldnt want mp anywhere near politics, he'd just run things like a dictatorship..
truff1es: yall sound like a bunch of idealists..
truff1es: Rand Paul says a few sane things and then its just wtf moments everytime
mircea_popescu: jurov wouldn't be the first time a bunch of kids with no resources and no management fail to accomplish that which they could easily do, with resources and with management.
jurov: so you couln't find a business owner in timisoara that accepts the ideas
mircea_popescu: a ok
truff1es: shouldnt some1 loose a job if theyre is now a hole in bridge?
peterl: take a look in Detroit, it is a nicely decaying city
jurov: jcpham, there is a russian thread about "bitfury predzakazy" that means "preorders"
mircea_popescu: ericmuyser possible. i'd be muchly curious to see a <1gh/w chip
ericmuyser: no but honestly I think he's got it, he'll announce within 2 days or has shared it with a "respected" member
mircea_popescu: ahahah fiat500 send them a pic of a quarter
fiat500: like, a diaper change?
fiat500: "Thanks for pointing this out! We'll work on fixing this bug when we get a change."
fiat500: so, re: the bug i discovered on coinbase earlier today, just got a response from them
ericmuyser: just a single russian dude getting his kicks
ericmuyser: not really "a company"
fiat500: especially in a context outside the forum...
fiat500: one would think a company producing millions of dollars worth of hardware would be above calling out trolls on forums in public
mircea_popescu: actually that closes in about a week
fiat500: yeah thats absolutely ridiculous, but even if they sold them at 0.1btc (what i think they're really worth) they would still make a killing
fiat500: not a bad move on their part
fiat500: so a million of those would be 300TH/s total
ThickAsThieves: so new orders are a non-issue
ThickAsThieves: for example, I believe BFL claims they have a few hundred boards coming in next week,
mircea_popescu: but for a limited period, likely.
mircea_popescu: ThickAsThieves in a word, no.
mircea_popescu: ThickAsThieves perhaps. even so, in the mining market returns are made out of a capital amortisation part and an actual return part
ThickAsThieves: i think the possibility that AM will be more than a flash in the pan is quite real
ThickAsThieves: that AM is no better than a mining farm of GPUs
ThickAsThieves: you are presenting it as a large consideration
fiat500: samsung OTOH /is/ a manufacturer
fiat500: apple's cost of producing a phone is a lot higher than foxconn's cost
ThickAsThieves: is apple not a phone manufacturer?
mircea_popescu: they're just ordering some parts from a manufacturer
ThickAsThieves: they are a hardware manufacturer
ThickAsThieves: so you are saying AM is no different than a GPU mining farm selling off it's used cards?
ThickAsThieves: has there ever been a mining stock that sold hardware at retail?
mircea_popescu: ThickAsThieves historically, every single mining stock was, in its heyday, "just not a normal mining stock"
ThickAsThieves: it's just not a normal mining stock
fiat500: mircea_popescu: this is bitcoin, everyone is amortising over a period of time long enough such that cost is effectively 0
fiat500: true, but then why bother with basic at all, it becomes a passthrough of a passthrough
ThickAsThieves: otherwise i can give him a better price than AM-PT
fiat500: that was a big bid...
ThickAsThieves: dang thats a biggun
gribble: Error: "129.68900" is not a valid command.
gribble: Error: "129.68900" is not a valid command.
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)
usagi: why dont you send me a pm? :p
fiat500: thats a bit of a stretch
Chaang-Noi: and at the same time someone bought a market buy of AM
ericmuyser: that was a huge sell into the bids on bitvps i guess
ericmuyser: right before divs.. it's a weird time
usagi: They ported quake 2 to javascript you know. It got 60 FPS on normal hardware quite a few years ago
usagi: It's a WORA language running in a VM that is portable across anythig that is worth owning
Diablo-D3: a very minimal js syntax that basically illustrates a vm bytecode