320600+ entries in 0.196s
phf: solrodar: and
to finish
the
thought, you "want" audit
to ensure
that bitbet holds all
the bitcoin for open debts, rather
then, say, having it all
transfered into kako's or mp's coffers.
that's
the "reserve" although of course a joking misnomer.
solrodar: so you're saying
that bitbet hasn't really been profitable in a long
time, but you kept it running for entertainment value?
mircea_popescu: that was also unpredictable bla bla. and i'm sure
the shareholders would very much like management
to insulate
them from it. if only.
mircea_popescu: now, one could say "the same is
true of fiat banking", and BY AND LARGE
THEY WOULD BE RIGHT. see for instance
mircea_popescu: but currently,
the actual bitcoin network fee doesn't even ammount
to 1% of
the actual cost of interacting with
this sprawling pile of shit.
mircea_popescu: there's of course also
the cost of handling bitcoin payments, which is very VERY far from "free", irrespective what
the "big blocks" derps
think.
phf: so a clarification
to what i said above, it's kakobrekla and mircea_popescu
together paying for all aspects of bitbet operation out of pocket
mircea_popescu: solrodar mno. you may not realise
this, but bitbet has
to date clocked close
to 2k hours of admin
time. and
this is pointedly not minimum wage sort of work.
☟︎☟︎ solrodar: your expenses meaning your
time?
mircea_popescu: but upon consideration, i did put
the amt for
the server into
the costs, it really being a pittance
mircea_popescu: so he rather cavallierly offered
to continue eating
the server while i continue eating
the admin.
mircea_popescu: the latter part come at an end at some point last year, when he asked
to have it included in
the cost structure. i pointed out
to him
then
that if i correspondingly add my expenses in, we might as well close it.
☟︎ mircea_popescu: phf well no, kakobrekla wrote and maintained
the code and for a while covered
the server costs.
the former part is no
trivial matter, i will point out.
mircea_popescu: the "reserves"
thing was mostly a joke. at
the
time it so happened as part of
the mysterious functioning of
the mp payment network
that inputs originally sent
to bitbet were not spent.
phf: seems
to be
that most? every? aspect of bitbet operation was funded out of mp's pocket, so it's zero asset because it literally doesn't own any of
the parts required for its operation. bitbet as an entity existed purely as a "bets come in, house
takes percentage, payments come out" operation.
solrodar: but were
there ever any reserves, or was
that audit a misunderstanding?
solrodar: it's very easy
to enumerate bitbet's assets and liabilities, as mp has done
mircea_popescu: dunno, and
the people involved had not
the foresight
to leave us detailed records of how
that logic went.
solrodar: well obviously
the whole 0-asset
thing was always an accounting fiction
mircea_popescu: asciilifeform> nubbins`: or was
the idea << or possibly
the system
that worked well for s.dice was simply carried forward, with not enough
thought given
to
the matter. "hey, it's also gambling".
phf: solrodar: nothing need have happened
to warrant
that question. reserve is
there
to pay out what was payed in. can't pay for server from reserve. ascii's question is not pointed, he's never seen bitbet's paperwork and is surprised
that a business can run without own assets.
assbot: Logged on 14-03-2016 17:37:40; asciilifeform: nubbins`:
the one mega-mystery in my mind is still
the 0asset
thing.
phf: nubbins`:
that's not
the meaning of
the paragraph. not "what" you did, but "how" is
the focus., and
the sentence you're pointing at is an exposition
that frames my perspective, in a form similar
to "some of us here are shoemakers and we blah blah blah". whatever blah blah blah is, it's not usually about how shoemakers can not shoemake anymore, but is more like "i speak for shoemakers"
nubbins`: what, you can't fuck around with novel ways of doing
things because s.bbet imploded?
nubbins`: <+phf>nubbins`: it's a shame
that you chose
this approach for your denouncement. some people are here (myself, maybe ascii) not
to make money, but
to fuck around with novel ways of doing
things <<< nothing about what i did prevents
this from continuing.
mircea_popescu: it's just
this unpleasant "bitbet bets once resolve enact history". i dislike
the notion of cementing google's
transpared ploy into my blockchain. i'm sure it's all me.
thestringpuller: I'll
try it from another location later. Guess no qntra at work.
thestringpuller: "The server at qntra.net can't be found, because
the DNS lookup failed."
mircea_popescu: going
through a game of go is rare among endeavours in
that i can't be doing other
things.
assbot: Logged on 14-03-2016 17:16:26; mircea_popescu: much as in
the case of a recent game of go - what exactly would it being clear or unclear
to you do ?
mircea_popescu: i even promise
to not pelt with invective
the poor receiver whichever way he chooses
to go.
mircea_popescu: ow fuck,
that's ANOTHER
thing i won't have
to do, resolve
that god damned bet, huh.
mircea_popescu: much as in
the case of a recent game of go - what exactly would it being clear or unclear
to you do ?
☟︎ jurov: stalin surely
too
tought "bah stupid poor
tarstalk redditors!" when someone was criticizing his zerofee experiments with hitler
mircea_popescu: a strength both understood and
tried
to be replicated by a bunchy of lesser copies
throughout
the "unalligned" movement and well beyond.
mircea_popescu: but most
to do with how idiotic everyone else was, not not even measure up
to
the georgian.
mircea_popescu: and
to disabuse
THAT notion, i don't personally
think stalin was either very apt, very smart, or any sort of example
to be followed. is, indeed, a notable example for all sorts of
things,
mircea_popescu: asciilifeform i'm not doing more shit for free in
this context ; not only because it is outrageous for
the recipients of charity
to direct
the disbursement of charity, but most of all because
the end result of a world kept clean, warm and humming along on charity is a disproportionate feeling of power in
the idle denizens, who
then end up running into "steel walls".
mircea_popescu: these are deeper issues
that what can be addressed in plain conversation, i'm sure.
mircea_popescu: and on
the other hand,
the lulzy "a man
that doesn't believe in allah can't possibly not go on a murdering rampage" deeply held if ridiculous, and certainly unexamined belief of egyptian peasants, except
translated in
time and space
to you know, "one in a position of authority is necessarily both bad and responsible!"
mircea_popescu: to do
this heavy lifting as long as
they are given just
the right facts, filtered from
the noise."
mircea_popescu: "They consider
themselves leaderless.
They can have representatives,
they can have "evangelists" but
they have
to believe
that
their conclusions are all
their own,
through individual reflection and objective consideration. Interestingly, and on purpose,
they believe
their brains can handle such an analysis, any analysis.
This isn't arrogance.
They are
told, by universities and
the media,
that
their mind is prepared
mircea_popescu: well, we're many layers above
that, however. in
this rarefied atmosphere which, however frustrating, is still many miles above
the peasants with
their fuckgoat, we meet
the
twin dragon of, on one hand,
PeterL: so
these are separate issues
PeterL: yes, but receiver and buyer would not have
to be
the same person
PeterL: asciilifeform
the receivership of bitbet could include refunding all bet deposits,
then
the site could be sold without
transfering
the bet funds, let
them restart from scratch?
mircea_popescu: it's
the historical and
to my eyes first sense of mean / meanness.
mircea_popescu: asciilifeform you familiar with
the saying "can
take girl out of
the
trailer park, but not
the
trailer park out of
the girl" ?
that, except for boys.
assbot: Logged on 14-03-2016 16:36:05; mircea_popescu:
there's a bunch of people who, however poor may
they be irl, are still not driven by
the poverty so
to speak.
solrodar: mircea_popescu: as I understand
the listing agreement, both you and kakobrekla need
to agree before either of you can sell your joint 50%
phf: mircea_popescu: hey some people clearly want
to see blood. i
think judgement should exclusively affect only people's wot ratings and is necessary for when
the issue is complicated and needs an investigation. sort of like a write up
that supreme court judges do. nobody even needs
to agree with it