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mircea_popescu: of the sort that bubble up even today, with the braindamaged "trading closed for ipo" nonsense.
mircea_popescu: they for instance had massive issues with shorting. mental issues.
mircea_popescu: read the forum sometime, people really thought it's the path to glory.
mircea_popescu: pmbs were generally recognised to be dog turds back then about to the degree hearn is recognised as a dog turd today.
mircea_popescu: very disruptive, especially as nobody readily imagined such a thing can even exist.
mircea_popescu: if your credit is better than the issuer's this then gives investors incentive to buy your synthetic rather than the original, starving scams of cash.
mircea_popescu: it's basically "i will pay out whatever X so called asset pays out"
mircea_popescu: nubbins` a synthetic was a relatively retarded construction, sadly made necessary by the very opaque manner of conducting "business" employed by the glbse muppets.
mircea_popescu: it doesn't necessarily have to be X or Y to be epic you know.
mircea_popescu: they're different things, the f.pure.synth was a synthetic copy of puremining, the glbse asset run by rosi manifold or w/e the jew's name was.
mircea_popescu: nubbins` how's pure.synth related to the hash options tho ?
mircea_popescu: i'm so rich people steal my moneyz i don't even know about.
mircea_popescu: i'm so rich i buy people bentleys i don't even know about.
mircea_popescu: indicative of Nefario's future behavior: "Thanks for your ideas guys, I'm going to wrap them all together and not pay out the bounty".
mircea_popescu: "Nobody can get inspect your payments if you know what you're doing."
mircea_popescu: is the band name "butterfly that snorted coffee grinds thinking they're lsd" ?
mircea_popescu: with a skin infection or w/e is going on there off to the left.
mircea_popescu: that looks like a butterfly that snorted coffee grinds thinking they're lsd.
mircea_popescu: benkay "my everlasting shame. Our code is available here:"
mircea_popescu: B007 it's not that exclusive, but you gotta ask questions that can be answered.
mircea_popescu: and they thought surrealism was a 1920s thing. ha! i say.
mircea_popescu: jurov there's a variety of available attacks if the rng is badly biased.
mircea_popescu: just by looking at them i can tell you they're at least 0.1% off
mircea_popescu: wasn't kakobrekla running that btcstamp or w/e, slovenian exchange ?
mircea_popescu: punkman1 i still don't know which are at all trustable.
mircea_popescu: the natural time interval for btc is "two weeks" aka 2096 blocks. and there have been eve ndrops.
mircea_popescu: herbijudlestoids: 20% was the lowest ROC i found << unless you normalized to some absurd time interval (month ?) 20% is not the lowest.
mircea_popescu: herbijudlestoids: like the charts you can see on mpex.co already, i just dont think theyre portraying useful info << me either. what's one to do, no pics at all ?!
mircea_popescu: benkay: baby doll doesn't even care terribly, and boy does she put out when she gets jealous << now you gotta photodocument this.
mircea_popescu: just so with a patchwork of miners, god help you if you imagine you can buy random odds and ends off ebay at a nominal profit
mircea_popescu: specifically, a farm made out of 5000 individual computers all different would cost more to run than to burn down
mircea_popescu: herbijudlestoids:now obviously small fry 100GH/s is nothing but i thought it was interesting << no, it's not interesting. the reason is the problem of herding cats.
mircea_popescu: one of the better paintings of the renaissance. all those people going "and what is THIS supposed to be then!"