log☇︎
334100+ entries in 2.548s
kakobrekla: that logo might get replaced but its not really a big deal (i thought othewise as well) as there are some background stories to it but we
thestringpuller: i don't think it was a scam, i think it was a conspiracy
mircea_popescu: gox trades 40k a day.
Chaaaang-Noi: thats a $400,000 long bet on btc
Chaaaang-Noi: but that is a crazy amount of coin to send you
mircea_popescu: if it goes to 1000 i can still cover, and even have a little bit of reserve left
Diablo-D3: I told people it was a scam from the beginning, they didnt listen, thats their own problem
pigeons: just because trendon is a shitbacg in no way whatsoever excuses nefario
Diablo-D3: DMC would have legitimized Bitcoin as a way to crowdfund small businesses
EskimoBob: Diablo-D3: you sold unreg's sec for US citizens, are you guys going to share a cell?
Diablo-D3: I like how he used a fake shutdown of DMC to stall for time too
EskimoBob: it still amazes me what those lunatics are willing to invest and do just to make 1 USD per day an hope they can get their "investment" back in a year or never
mircea_popescu: but putting awards and fsa numbers on a site that can't be backed up is asking for trouble
mircea_popescu: honestly, there's two constructions that can be made on the data as-is. either these are some kids with a bright idea and absolutely no clue on how these things work, or else it's as deep as the tar pit goes.
kakobrekla: you can check its not a bucketshop - admd is the currenex link provider
kakobrekla: i know them for about a year now
Diablo-D3: so its probably a scam
mircea_popescu: that's a virtual offices address ;/
kakobrekla: that bottom logo though, yea it should be replaced with a more apropriate one - they wanted to have some mt4 award listed
mircea_popescu: you don't see a problem with this because "everyone is making money" ?
kakobrekla: idiots without money who cant do math say its a scam, the rest of the folks is making money
mircea_popescu: rillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy.
smickles: offer a better price
gribble: Error: "tickler" is not a valid command.
gribble: Error: "tricker" is not a valid command.
mircea_popescu: for isntance if you toss a coin, you can use l'hospital to calculate the odds of getting three heads in a row followed by four tails in a row
mircea_popescu: jurov l'hospital just tells you what are the odds of a certain distribution based on the odds of the process
jurov: dunno how can rg or l'hospital make a consistent strategy from it
jurov: what are the odds to turn 0.1 btc into a lunch three times in row?
jurov: so this is what i have. or am i really a conspiration nut?
jurov: to me smells like a bug
jurov: <rg> [21:13:57] its worked 3 days in a row
jurov: <rg> [21:13:00] it was meant to send me .8 btc if it was a winner
smickles: heh, scumbag memory, well, if you do come across something like a money losing bug, i'd like to know :)
smickles: didn't it lose (hundreds|thousands) each month for a couple of months straight at the beginning?
jurov: you're in fact correct, in a sense :)
jurov: no, there was a bug
jurov: he should made a raffle for that 1 satoshi
mircea_popescu: yeah. anyway the only one with a prayer given that there's no standards body and compliance is voluntary
FabianB_: generally a nice aproach mircea_popescu
mircea_popescu: anyway, in general it's a minimum standards approach
mircea_popescu: well no, it's a proposal
mircea_popescu: otherwise this exists as internal stuff for about a year now
mircea_popescu: well yes, since it was being discussed on the forum i wrote up a proposal
FabianB_: 11:34 < mircea_popescu> http://trilema.com/2012/towards-a-unified-exchange-protocol/ << RFC.
thestringpuller: not a lot of money
thestringpuller: who was saying mpex was a scam?
mircea_popescu: ya but mental retardation is like a positive defense
dub: luckily unlike criminally insane, criminally retarded is not a valid defense afaik
mircea_popescu: and telling people about how mpex is a scam.
mircea_popescu: http://trilema.com/2012/towards-a-unified-exchange-protocol/ << RFC.
thestringpuller: smickles: gimme a buzz when you get in
mircea_popescu: that 75 ? that's a string.
Diablo-D3: a payout script like that would take three seconds to do
thestringpuller: mircea_popescu: if the annual gains out pace the annual losses wouldnt it be a net gain? so the bot breaks even annually?
mircea_popescu: well, mpoe bonds can make a loss, so they're not really safe in that sense.
thestringpuller: my investors want a place to put btc money into that is safe
thestringpuller: im putting bets on a robot...
Chaang-Noi: was wondering when a bitcoinica clone would start up using thier source code
Chaang-Noi: if they do whatever then yeah it will take a long damn time
Chaang-Noi: if it blows over it will take a year
mircea_popescu: prolly in a year the real battles start.
Chaang-Noi: i bet it will take over a year
Chaang-Noi: brb, going to start a pass though!
Chaang-Noi: double my money in a year :)
mircea_popescu: a month.
Diablo-D3: A DAY?!
Chaang-Noi: a week? :)
Chaang-Noi: a month?
mircea_popescu: lol, this is bitcoin lending in a nutshell.
mircea_popescu: i don't recall that guy's name on reddit but we did have a nice chat on my blog
EskimoBob: "This guy needs to get laid. So much anger over such a small point." - LOL
mircea_popescu: owned bluematt a little on reddit
EskimoBob: He replaced that nose hair picture of himself with a "painting" of himself. Whats next? Will he paint that orange shirt black and add more uniform curls to his wig?
dub: one saner post doesnt not a sane person make
EskimoBob: if you have no rules set like that, you are not really a market maker but just another trader executing trades for a client(s)
mircea_popescu: a cool.
mircea_popescu: i don't care what antyone says, btc is solid as a rock.
dub: its not the ring, chicks can smell how full a mans balls are
dub: both hurt a little at first
smickles: mircea_popescu: we already had a leash ;)
mircea_popescu: smickles o ya ? did she get a leash ?
smickles: she had to have a c-section tho
mircea_popescu: a well. lucky girl.
mircea_popescu: dub has a point. half bottle wine enema.
smickles: she's just small and won't use a plug
dub: its not a question of if it can be done
mircea_popescu: cause she already had a kid.
dub: no but its just producing a hardware fpga
smickles: well, technically, is there a product on market that does this already?
smickles: yeah, but the % of bitcoin biz that turns out to be a scam after time is high
mircea_popescu: dub well in practical terms it'll be a miracle if they have anything to ship anyway,.
dub: I think you are putting far to much faith in the ideology of asic vendors, given a choice between mining a few btc which are sure to become nearly worthless at least for a while, and profiting hugely in the long term.. they will ship
mircea_popescu: a well. fyi, what the romanian revolution was is this : ohio state students taking over the troops, then executing nixon.
mircea_popescu: but romania never had a civil war ? or you mean the revolution ?
mircea_popescu: you watch new york return a full complement of teapartiers for the senate.
mircea_popescu: dub gpu miners have a vested interest.
dub: mircea_popescu: its not just his pool, deepbutt and a few others have backed his quackery before
mircea_popescu: sure, eligius has all the promise of becoming a fortified compound in utah
dub: smickles: true and he has a lot of mining support which is scary