log☇︎
398600+ entries in 0.141s
mircea_popescu: but be him... well... that i can't see.
mircea_popescu: i mean, act him occasionally, for trollpurposes i can see
mircea_popescu: dub fascinating. i always suspected only a wikitard could be retarded enough to actually BE gmaxwell
mircea_popescu: AND made money on the deal.
mircea_popescu: Menoetius if it makes you feel better, i SOLD at ipo
mircea_popescu: <dub> you'd think with a shit eating dickwhore like gmaxwell riding wikipedia's chief skank they would take btc donations <<< wait. what ?!
mircea_popescu: they're going under by now aren't they.
mircea_popescu: so i'm getting duplicate spam from stumbleupon. "New Updates to Paid Discovery: Campaign blabla"
mircea_popescu: seems not. stale lulz ?
mircea_popescu: ;;ticker
mircea_popescu: ya, because bitcoin is backed by drama and lulz
mircea_popescu: i guess people need to use gpg more
mircea_popescu: Namworld good point.
mircea_popescu: <furuknap> Hey, that's a brilliant idea! I wonder why I even try to keep my operation honest... <<< you didn;'t actually imagine the failtwins are up to anything actually useful.
mircea_popescu: which is supposed to take ~1k hours of effort to complete.
mircea_popescu: fun fact : the s-1 is an 8 page document
mircea_popescu: and a spurious reference to Katten Muchin Rosenman
mircea_popescu: but so far it just looks like a lot of copy pasting
mircea_popescu: may be worth reading once it's complete,
mircea_popescu: a lot of shit involved, a lot of paper ruined for no purpose
mircea_popescu: also known as three year old style painting.
mircea_popescu: this is typical winklevoss filing.
mircea_popescu: The Trustee will terminate and liquidate the Trust if one of the following events occurs: the SEC determines that the Trust is an investment company ; the CFTC determines that the Trust is a commodity pool under the Commodity Exchange Act of 1936 ; the Trust is determined to be a “money transmitter” under the regulations promulgated by FinCEN
mircea_popescu: lol ok, this is getting rejected.
mircea_popescu: in exchange market (“Bitcoin Exchange Market”) from which prices are used to determine the Blended Bitcoin Price. The Trustee will determine the NAV of the Trust on each day the [EXCHANGE] is open for regular trading, (“Evaluation Day”) as promptly as practicable after 4:00 p.m.
mircea_popescu: The NAV of the Trust is the aggregate value of the Trust’s assets less its liabilities (which include estimated accrued but unpaid fees and expenses). In determining the NAV of the Trust, the Trustee will value the price of the Bitcoins in the Trust Custody Account as determined by the relevant Blended Bitcoin Price. See “Overview of the Bitcoin Industry and Market” for a description of the operation of the Bitco
mircea_popescu: that's illegal afaik
mircea_popescu: they'd buy the coins with what, their personal funds with a view to sell to this ?
mircea_popescu: Bugpowder wait a second. this is a preliminary filing
mircea_popescu: Winklevoss IP LLC is the owner of and is licensing to the Sponsor such intellectual property.
mircea_popescu: The Trust’s Sponsor is Math-Based Asset Services LLC. The Sponsor is a Delaware limited liability company formed on May 9, 2013, and is wholly-owned by Winklevoss Capital Management LLC.
mircea_popescu: wait, undated ?
mircea_popescu: ahaha
mircea_popescu: Stardust sure.
mircea_popescu: a a ok
mircea_popescu: aww i thought that amc thing was supposed to be 25 or some shit
mircea_popescu: yeah. prolly the right way ahead.
mircea_popescu: i can imagien nobody'd ever go in there.
mircea_popescu: davout may work, as lo9ng as the auditors are trustable.
mircea_popescu: shit's a hassle to handle.
mircea_popescu: ha! email confirmations are so 2011 mpoe you know
mircea_popescu: davout for instance that you can't use websites for btc.
mircea_popescu: "the problem is teh "bitcoin experts" aren't smart enough to figure it out"
mircea_popescu: my next words were
mircea_popescu: lol
mircea_popescu: it's there to be copied.
mircea_popescu: well i guess we'll have to see this deployed.
mircea_popescu: lol
mircea_popescu: you're going to "imagine we use gpg to sign transactions on the client side so even if the attacker gets your server there's jack shit he can do as he can't enter arbitrary txs" ?
mircea_popescu: yea...
mircea_popescu: and then end up with a lot of single-chain useless coins presumably.
mircea_popescu: where people keep feeding you one-chain transactions and then request returns which you process as both-chains transactions
mircea_popescu: no dude. i mean an unhealed, enduring split like we had in march.
mircea_popescu: not to say your thing is necessarily useless, but i'd guess it's a part of what i linked rather than the other way around ya know ? :D
mircea_popescu: and who writes apps that don't check.
mircea_popescu: davout well how do you know my app isn't checking data
mircea_popescu: davout what if there's a blockchain split ?
mircea_popescu: asciilifeform that was my next q, why not just run your code both places as is
mircea_popescu: = 2
mircea_popescu: where x = your server + the machine you're running davoutd on
mircea_popescu: and it's unlikely an attacker will get tio mess with both
mircea_popescu: so basically the security comes from using two separate machines
mircea_popescu: why is it auditing your db ?
mircea_popescu: but not automatically ?
mircea_popescu: so can telnet.
mircea_popescu: but getting back on track, so i buy your product. now what.
mircea_popescu: yes it killed my pony
mircea_popescu: it's like... for girls.
mircea_popescu: dude, ruby doesn't work. srsly.
mircea_popescu: i knew it.
mircea_popescu: aaaaahahaha
mircea_popescu: but why rob us of all the fun meanwhile ?
mircea_popescu: well then how's it a product ?
mircea_popescu: he ate oysters a la parisienne in a scottish pub
mircea_popescu: asciilifeform no dude. i'm just entertaining a frenchman with bad food poisoning
mircea_popescu: dude srsly. automated security ? what is this, star trek ?
mircea_popescu: it starts with no and it ends with thing!
mircea_popescu: davout i know the answer to that one
mircea_popescu: asciilifeform did who ?
mircea_popescu: is it a partnership with some french company ?
mircea_popescu: ok, does it use secret urls ?
mircea_popescu: like... "is it written in ruby ?"
mircea_popescu: so many jabs i could be throwing in here
mircea_popescu: o look! it's from 2012
mircea_popescu: http://polimedia.us/trilema/2012/probably-the-hottest-business-idea-of-the-moment-in-btc/
mircea_popescu: davout should i find my old article about it or you search on tyour own ?
mircea_popescu: boston is in mass
mircea_popescu: kakobrekla http://polimedia.us/trilema/2013/bitbet-june-2013-statement/
mircea_popescu: sounds shady.
mircea_popescu: boston eh ?
mircea_popescu: yea we talked about it a few days ago iirc
mircea_popescu: what , still ?
mircea_popescu: 10 fucking years ago we didn't even see the outrageous humour in it
mircea_popescu: http://www.youtube.com/watch?v=3cnQCk0u49w
mircea_popescu: scaaaat man.
mircea_popescu: ok, i rephrase. so you can taste her sweet tears while...
mircea_popescu: i wonder if you could have a girl's head sewn in backwards so you can kiss her while fucking her in the ass.
mircea_popescu: http://pastebin.com/0qjfUCpj
mircea_popescu: of course it gets worse over any tiem interval.
mircea_popescu: dude reddit is always infinitely retarded