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mircea_popescu: i suspect the stability point for bitcoin securities is way way under 1% per year
mircea_popescu: Our chips consume about 3 - 3.5w per GH/s at the chip level
mircea_popescu: noob ventures take a value around 1% a week, last for 30 weeks tops
mircea_popescu: the only thing is that both avalon and bitfury claim to have tons of chips right around the corner
mircea_popescu: "What is the acronym "OTC?" I haven't heard that one yet..."
mircea_popescu: benkay_ oix only counts options sold by bot. people have been mostly shorting this month, so bot didn't sell much of anything
mircea_popescu: wonder what Chaang-Noi & the merry pumpers will be inflating next.
mircea_popescu: kakobrekla "Due to the lack of volume and the need to restructure our screen layout we have decided to remove all trading pairs that do not include BTC."
mircea_popescu: so basically a b i clone pushing a s.d clone will make a lot of moneyh
mircea_popescu: well... untiul blockchain info decides they want most of it.
mircea_popescu: and the key generator might as well be a js the user downloads and runs locally.
mircea_popescu: as you never have the keys and so can safely run bitcoind
mircea_popescu: but it also gives user complete immunity from anything you might misdo
mircea_popescu: the only time you need to see the privkey is when he wants the btc sent.
mircea_popescu: it would work thusly : user generates a seed. from it user calculates a private key which he keeps and a public key
mircea_popescu: it woudln't be a bad service, if someone were to make it in ON A SANE PLATFORM
mircea_popescu: yes, he keeps having as many coins in the morning as when he went to bed
mircea_popescu: i invested in this ballerina and i'm completely exhausted
mircea_popescu: that storm that snowed up italy past few days moved here
mircea_popescu: benkay that was my original point. i dunno why anyone still even mentions the dood
mircea_popescu: just another hick from wherever momentarily being used for whatever "reality show".
mircea_popescu: i don't see ghow this disproves the "his contribution is nil" part.
mircea_popescu: basically, he's a media whore. i have very little time for that.
mircea_popescu: except it was so full of holes it quickly became the laughingstock of the interwebs
mircea_popescu: after getting out of that mess he came out with something he claimed is encryption
mircea_popescu: he proceeded to change his name to retard-dood, buy whatever cars etc.
mircea_popescu: some german fatass with a prior for insider trading made a pirating site and raked in big via publicity.
mircea_popescu: i can't believe people still care about the fat german kid.
mircea_popescu: "There's good reason to believe the dividend payouts are going to be rather steady for a few more years."