314500+ entries in 2.329s
mircea_popescu: anyway. some chick that's banging jeff bezos must get him to make
a proper asic run.
mircea_popescu: asciilifeform anyway, there was
a huge-ish bet on avalon delivering.
gwillen: I don't think anybody is shocked if Avalon is
a HardCopy
mircea_popescu: far as i'm concerned the laugh of the year is that after demonstrating
a box of fans at that convention, bfl "delivered" to their shill "cumstomer"
a board which cools passively.
jcpham: pham> are you suuuuuure he isn't reading from
a script you manipulator, you
mircea_popescu: an entire life dedicated to hanging as
a sheep pregnant with twin lambs
jcpham: are you suuuuuure he isn't reading from
a script you manipulator, you
bitesak: would it be better/easier to run
a node on
a Raspberry Pi?
deadweasely: is it possible or advisable to run
a node on ec2?
mircea_popescu: so start
a btc blog, you're clearly more interested in this than that.
KRS-1: or currency imo because i dont think the design can handle transactions required of
a common currency
mircea_popescu: btc is people moving 10k btc over
a nod and
a handshake, not 10k noobs putting in 50 bux they "earned online" to "get in on the ground floor" on this "new thing"
mircea_popescu: the us minus
a buncha freaks would still be fighting in afghanistan right ?
mircea_popescu: yeah, right, becauyse
a whole 50 dollars in reddit tips and another 100 bux in coffe is going away.
mircea_popescu: if you're not the weird guy with piss in your fridge you have
a much better shot at getting gays accepted in the condo.
mircea_popescu: but see, the way to efficiently fight absurd regulation is by keeping the obnoxious shit to
a minimum.
mircea_popescu: what the hell. law abiding isn't being
a whimp, in the vast, overwhelmingly majority of cases.
mircea_popescu: so far the govt is
a coughar in your little corner bar drooling all over you.
mircea_popescu: but after
a few neighbougrs accidentally drink some you will get evicted.
mircea_popescu: are you trying to cause
a bitcoin-related successful prosecution ?
pgp: if your
a bank, you don't need to develop ATM technology
MJR_: if they can manage to stem the flow of p0eople sick of doing business there...build
a decent matching engine...then they can hope to develop atm technology lol
mircea_popescu: i had originally thought there's under the table conventions preventing such
a thing, even if not visible above board
pgp: i believe there is already
a bank in france that lets people maintain BTC balances... yes?
pgp: if gox got
a banking license, they could issue debit cards that could be used at every atm in the world - that you be
a problem for bitcoin ATM
MJR_: not that it counts
a lot...but they were interviewed on cnbc, they have preorders in 30 countries already
MJR_: they don't send armored trucks for all of them...i mean the small atms...the kind you find in
a deli not affiliated with
a bank
mircea_popescu: and an armored truck costs as much as an oil tanker, 20k
a day
MJR_: in the fact that again, the real world has
a way of messing software guys plans up
MJR_: if they execute (
a HUGE if) it would be great
MJR_: just
a difference in pace at the end of the day
MJR_: which is why i need
a way to move my wealth from bitcoin to cash immediately and at will
pgp: not every problem has
a bitcoin solution
MJR_: and the genesis block did not contain
a message saying "money hard to move to other countries"
MJR_: this is how immigrants do it, and have done it for hundreds of years, and its how they survive and make it in
a foreign land
MJR_: 'cept its
a "economic" enclave
MJR_: eventually maybe
a few landlords accept rent in btc
MJR_: they way it SHOULD progress is like this...you convince
a local shop to accept bitcoins and put your atm inside their shop
pgp: I just don't see it being
a profitable venture for these guys - that's all...
MJR_: see what they go for in
a more convenient environment
troc: surely
a better way to access
a local currency would be something like mpesa no ?
MJR_: i never gave
a time frame...
MJR_: most people who spend money don't think of it as
a forex transaction
pgp: if the need cash, they keep money in there checking account linked to
a card..
MJR_: when it becomes
a currency, it wins easiliy
MJR_: as long as bitcoin is
a speculative asset
smickles:
a bitcoin atm could be the easiest way to send money to
a friend, each of you just goes to an atm
pgp: so long as gox is at the center of it - it will be
a costly investment for first round funding guys...
MJR_: if
a lot of people want to BUY bitcoins...i can buy them on the exchanges automatically
MJR_: but i need to get $20 out of
a hot wallet
MJR_: i want to buy
a burger
MJR_: this is my ultimate long term vision of the system of the world...atm's everywhere that run mining nodes in
a pool, they connect to an exchange and automatically buy and sell based on the demand...once it scales up, you will have
a HUGE stabilizing influence
pgp:
a bitcoin ATM assumes that there is
a market for people who want to constantly transact between fiat and bitcoin - those people will be sensitive to the exchange rate and fees
MJR_: in fact, mircea_popescu had
a great article called "the magic money machine"
[\\\]: just wiat until
a government decides it doesn't like it
pgp: i hear your arguments, but my gut tells me that it probably won't work as smoothly as one would hope and the logistics will be
a problem
[\\\]: I've read
a bunch of articles
MJR_: the point is that eventually bitcoin should not be
a novelty
MJR_: because you are actually providing
a means for me to transfer all my fiat into btc
MJR_: its way more convenient to engage in trading online when i want to get
a jameson and hang out
MJR_: like i'm starting
a bank, we don't need atm's?
MJR_: this is so obvious and simple of an idea that i can't even see why there would be
a debate
MJR_: think of bitcoin as
a credit card like discover which no one takes
MJR_: what do you do at
a store that doesn't accept credit cards?
mircea_popescu: also note that people does not have
a singular. but if you prefer i'll refer to you as "you peopl" in the future.
jcpham: Do something in
a haughty way, as though it is below one's dignity or level of importance.
pgp: call me
a luddite, but I just don't get it...
jcpham: i kinda want to convince
a collections attorney to accept btc as payment for credit card collections
MJR_: they truly were
a victim of their own success...they can't tell page views from ddos...
jcpham: that's
a really good one
deadweasely: mp, i sent .001 btc fee for 10btc txn, took 9 hours for first confirm... we need
a minimum fee schedule that people can choose to use or ignore.
MJR_: it's
a little gimmicky right now
mircea_popescu: yeah, error4733 , it's not
a why not as much as
a why risk it
bitcoin_raider: what would I need to do/prove/etc to make
a legit IPO offering. I see most just post their financials in
a google doc
bitcoin_raider: I own
a business that sells physical things for both USD and BTC (we exhibit at defcon) and am considering trying to take it public on one of the BTC exchanges... I like the verified accounting it provides
pgp: certainly possible, but I wouldn't be cheering for it... then bitcoin will really be at risk of being in
a bubble