312700+ entries in 0.111s
mircea_popescu: 6 confirms (as opposed to 1 confirm) only matters if they are actively mining and attacking the chain
mircea_popescu: someone doing that much hash doesn't need your puny 5kw tumble drier
mircea_popescu: you got a better deal with this than with them putting in us quarters anyway.
mircea_popescu: get out. they gotta be physically there too, it's not worth it
mircea_popescu: TheNewDeal at the size of your purchase you can prollylet them go on one confirm. who's gonna dblspend for a can of coke
mircea_popescu: :p remember kitten, one of the first things i said to you was wtf you doing with the doge
mircea_popescu: davout yeah but yours doesn't count because it was before mine!
mircea_popescu: ine of reasoning and are entitled to hold that viewpoint; or your self-awareness and general level of intelligence allows you to change your opinion or view. Thus, being “wrong” (or having to defend your view) is encouraged!"
mircea_popescu: "That last point probably needs some elaboration. You see, #bitcoin-assets makes a distinction between “being wrong” and “being stupid”. If you are “wrong” about something the implication is (and should be) that you are self-aware enough to explain your reasoning well enough that one of three outcomes occur: those in conversation either come round to your point of view; or they agree that you have a valid l
mircea_popescu: but since pankkake got me re-reading old things, yea, i like this fluffypony bit :
mircea_popescu: <dub> is that an organisation for the purpose of immediately surrendering to anything that threatens crypto << don't knock it, it's a splendid strategy.
mircea_popescu: justusranvier lol that's quickly becoming one of the most loved b-a links
mircea_popescu: justusranvier i dunno. as a compulsive reader of supreme court caselaw up until about the 70s i must say it was pretty good literature.
mircea_popescu: “It is not the role of this court to identify and plug loopholes,” Scalia wrote. “It is the role of good lawyers to identify and exploit them, and the role of Congress to eliminate them if it wishes.” << i could see scalia as bitcoin chief justice.
mircea_popescu: "we decided not to go by what things are, but by what things seem to us" is nothing but an open invitation to be scammed.
mircea_popescu: “Why should any of these technological differences matter?” Breyer wrote. “They concern the behind-the-scenes way in which Aereo delivers television programming to its viewers’ screens. They do not render Aereo’s commercial objective any different from that of cable companies.”
mircea_popescu: anyway this aereo thing is going to cause problems in the future.
mircea_popescu: finding the source link to a quote has never been this difficult
mircea_popescu: just because scammers don't use gaap in fiat too doesn't give ignoramuses aspiring to comment the right to pretend gaap doesn't exist, or its use isn't legally mandatory.
mircea_popescu: right but i mean of whom or what or in general, who needs to be hit over the head with the observation that the bitcoin space has had a gaap for years and they're being ignorant.
mircea_popescu: "The poorly thought trust system also highly favor said organization" favors. cause singular.
mircea_popescu: No results found for "There are currently no Generally Accepted Accounting Principles (GAAP) governing bitcoin".
mircea_popescu: and a market of "hackers" let's say, ie, the sons and daughters of said iliterate peasants. who will just move to bitcoin.
mircea_popescu: truth is bitcoin is exactly going to kill them. western union has a market made out of illiterate peasants and assimilated non-persons, which is not really worth serving per se,
mircea_popescu: meanwhile the sec is too fucking snotty to actually get to work at strangling these idiots.
mircea_popescu: please keep buying shit at par, we'll give you rented hashes for 5% six months later
mircea_popescu: i so wouldlike to see someone grow some fucking balls and argue in court that they're not hold to do anything the irs wants because well... the irs doesn't follow the law.
mircea_popescu: otherwise, you're "legally required" to keep the records for... ever.
mircea_popescu: well that depends. if it suits them, they only keep them for 6 months.
mircea_popescu: rithm the misguided pretense as to jurisdiction is starting to get on my nerves. sec doesn't actually make it, but all sorts of dr foreskin lapdogs fall over each other to "create consensus"
mircea_popescu: fiat people : stop trying to pretend bitcoin is fiat. bitcoin is not fiat. more importantly, your expiration date is in the past.
mircea_popescu: mthreat all this "we gotta say something and we have no idea what to say so here's a collection of copypasted material with filler" shit...
mircea_popescu: quite the vibrant little community we got here. there's even a manul in a treehouse!
mircea_popescu: actually i think something else is the most interesting property, and sorta too lazyto write blogpost
mircea_popescu: I encourage you to visit the links: the profiles section will help you in your daily worshiping of myself, while the other sections will allow you to experience the productions of some other great minds. However, you will come to the inevitable conclusion that I’m better than all of them combined.
mircea_popescu: This blog is the inalienable property of the greatest mind the universe ever had, and is ever going to have. Its contents are licensed under a Creative Commons License.
mircea_popescu: pankkake that is matematically equivalent to "each block is its own sort of halving"
mircea_popescu: but you're right, the only current business of pseudo-bitcoin businesses a la coinbase, bitpay etc is that they're benefiting from a legal inefficiency, where exchanges that admit it are being fucked actively, whereas exchangesd that pretend to be paymernt processors aren't fucked quite as bad quite as yet.
mircea_popescu: "Bitcoin with an infinite but reasonable inflation would not be so different."
mircea_popescu: so you'd have to find 100k blocks or thereabouts to break even
mircea_popescu: or about 10 btc. while a block is worth about 5k-10 satoshi
mircea_popescu: "You ask why people invest... Let me answer that for you as I have decades of experience providing analysis to investors... "
mircea_popescu: oggnasty : "Valuing these offerings over time in BTC is idiotic..."
mircea_popescu: "A more formalized version of this should be linked/appended to every single IPO offering on the forums as a cautionary tale. "