313800+ entries in 2.444s
mjr___: if you have
a ton of time to wait
mod6: yeah, maybe i should just get
a few instances up there
mod6: i need to get
a farm of bitcoinds
mod6: just
a good temp spot to do
a tx to, at least thats what I use it for. my bitcoind is so far behind it grinds my hd to catch it up
mod6: haha, right. if i would have checked first, i'd have done
a diff addr.
mod6: was only sent
a few mins ago though
ThickAsThieves: i have
a tx that only shows 2 confs on blockchain.info, yet has cleared into the destination (mtgox) already
jurov: lol or it's still writing
a core file
mod6: needs
a bitcoind reset.
ChaangNoi: we hit
a new block on my client and it just happend to see it at 51 seconds again
ChaangNoi: either it is broke or just
a slow block
gribble: Error: "bc,nethash" is not
a valid command.
mod6: ;;rate mircea_popescu 5 Owner/Operator of MPEx - Always professional and helpful!
A number BTC txs between us.
mircea_popescu: "Women in Uganda who go out wearing mini-skirts could face jail or
a heavy fine under draconian new anti-pornography laws. "
mjr___: typically the long suffering middle class that doesn't yet realize its all
a sham
mjr___: my whole philosophy on rule is that the best rise to the top and out of
a sense of morals treat others with some respect
mjr___: most people want to show up, be told what to do, and then go home and watch
a big flat screen
mjr___: just have doctors say: "paying taxes is
a good way to avoid heart disease" and they'll prob do it
gribble: smickles was last seen in #bitcoin-assets 3 days, 2 hours, 35 minutes, and 21 seconds ago: <smickles>
a bitcoin atm could be the easiest way to send money to
a friend, each of you just goes to an atm
MJR__: have they tried to make
a good faith gesture to the community: yes
jurov: also, not taking into consideration all the other no-no flags, that broker is targeting people who think divesting BTC into stocks is
a good idea
jurov: good for ya. consider starting
a rating agency for yourself then.
MJR__: but I can usually tell whether
a girl will be gross or hot even with
a raincoat on
mircea_popescu: is this ogre
a stunner just because she's carefully avoiding the flash ?
mircea_popescu: there's
a girl that says she looks good, but will never pose naked.
mircea_popescu: MJR__ let's try
a different approach, maybe sex works better.
MJR__: what is to actually physically stop anyone from taking their coins dumping on mt gox and retiring to
a beach town in the Caribbean
MJR__: just said that I can see
a scenario where they deliver as promised
mircea_popescu: btc has
a learning curve even if it doesn't feel like it does.
mircea_popescu: look. this is like
a teenager declaring themselves
a surgeon.
mircea_popescu: torbroker is
a scam trying to abuse
a legitimate model./
MJR__: are they
a bitcoin business?
MJR__: and there is
a huge difference between legal and illegal
MJR__: well, he operates
a trustworthy business apparently
mircea_popescu: it's
a dollars busines. if it fails to follow the dollar rules it will be
a criminal operation.
MJR__: so every store that accepts dollars is
a dollar business?
mircea_popescu: MJR_ does this thing purport to be
a bitcoin busienss ?
MJR__: Pick
a security to long or short. At the next market opening, we will mirror your position...
MJR__: Pick
a security to long or short. At the next market opening, we will mirror your position on the real market.
mircea_popescu: what do you mean at all ? they claim to be
a btc business. they're not.
mircea_popescu: not
a suspected ponzi, niot
a possible ponzi, it is
a ponzi i nfact.
mircea_popescu: invitation to invest, but neglects to share business plan ? it's
a ponzi.
mircea_popescu: their busienss model is fine. their execution inept as all hell, but they have
a model.
MJR__: so I wouldn't throw out everything, and miss
a success
mircea_popescu: there are
a lot of failures which can be readily identified by the fact they're not successes
MJR__: but I think it's been proven that there will be many failures and
a few successes
MJR__: so, only point is that
a see
a scenario where it could work, therefore not
a stupid plan, though it may be stupidly implemented and fail
MJR__: and...without knowing who is behind this, or what exactly they are doing and how well, I would say that I can picture
a scenario where it works
MJR__: maybe
a few tokens...
MJR__: are you
a fan of the SEC? im not
mircea_popescu: is ghoing to be done just as wewll by
a kid and his etrade acct.
mircea_popescu: so what is normally accomplished by
a complex system opf people who make millions in fgees
MJR__: I say it's
a market
MJR__: what I would say, and I don't want to delve into the relative pros and cons, is that DPR and SR, managed to create
a market using trust...this is more similar to that
mircea_popescu: and jurov has
a good sidepoint there : my system made sense. the system whereby you buy fiat stocks in btc makes none.
MJR__: so if they have 1000 BTC to start (not
a lot)
MJR__: did he have
a forum account?
mircea_popescu: there;'s somebody with
a track record to judge based on.
MJR__: and it seems reasonably certain that they are one of the operators of
a minor BTC exchange
MJR__: think they have
a Cayman Islands brokerage account
MJR__: I agree totally, and although credit and debt will creep into bitcoin more, I think that doing something 100:1 in BTC will seem ridiculous for
a long term strategy
MJR__: mircea_popescu: don't you have to do that when you are leveraged at such
a high rate?
mircea_popescu: i wonder how many people realise just what
a formbidable threat to stability and ultimately survival JIT is for the US.
MJR__: By declaring bitcoin illegal because bitcoins provide
a way to avoid taxes the government is saying that bitcoin is
a great way to avoid paying taxes. It works at transmitting and saving money anonymously. What an endorsement. "Bitcoin works so please don't use it."
mod6: i had half
a mind to troll that tweet
mod6: but then i guess there's this that says: On September 14, 2012, Egan-Jones cut its rating
a third time from AA to AA-, the lowest of what is considered "high grade", as
a reaction to QE3.
mircea_popescu: there's nobody with the intellectual ability to do such
a thing.
thestringpuller: that is it would have to be established in conjunction with
a pillar already in existence
thestringpuller: mircea_popescu: it seems you are opposed to
a ratings agency for BTC
gribble: MtGox lag is 75.580385 seconds. During this time, light travels 0.1514622453 AU. You could have sent
a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
jurov: lol license.. can i have
a licensed badge?
mircea_popescu: there's
a process to obtain
a bitcoin financial license.
MJR__: well, they have asked to put 1000btc into
a trust that shows they have backing
jurov: mircea_popescu ah yes that's
a point. it's hard to do irl without revealing identity to escrow
mircea_popescu: well that's because escrow could verify that
a push was made.
mircea_popescu: there's nothing he can do. if he has
a means to actually verify tx then it's not anon.
mircea_popescu:
A claims he's delivered 100 AAPL. B claims he never got it.
mircea_popescu: let's play this out cause apparently it's hard.
A has 100 AAPL. B has 100 BTC. X is escrow.
MJR__: but don't have all the details, long story short,
a guy giving away advice for free and
a black market for wall st are not related in any way