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mircea_popescu: "this govt's policy has seen our currency drop 40% against btc"
mircea_popescu: MJR_III kinda what it was intended as, you know ? little notes saying you have gold somewhere
mircea_popescu: servicing atms is a few levels of complexity atop that
mircea_popescu: but it may take a while. we're not quite able to make asics yet
mircea_popescu: i imagine the practical way this will work will be the magic cash dispenser
mircea_popescu: but that's an entirely set of problems from the bitmit thing
mircea_popescu: i still don't think bitcoin is adequate for the retail space
mircea_popescu: such as the woman with no underwear on but five bucks in her pocket.
mircea_popescu: fiat is regularly used in mission critical situations,
mircea_popescu: MJR_III well... it also yet benefits from a very low bar.
mircea_popescu: "ebay for bitcoins" is a marketing ploy, different beast.
mircea_popescu: "it costs you less to buy your lube in btc on our site than at your corner lube shop" is a vp.
mircea_popescu: (leaving aside they don't even know this is where it starts)
mircea_popescu: you have five minutes to find me a way to spend 10 btc on items that i could conceivably use during the remainder of 2013
mircea_popescu: yeah. they also don't have the chances of a real business.
mircea_popescu: i can usually sniff out a half decent manager from a mile away
mircea_popescu: there's a lot to business that's not taught in any c++ manual
mircea_popescu: and this isn't random dickery as in "you must be old" or some shit. the ops experience shows.
mircea_popescu: a woman that was in charge of maersk pacific ops for the past five years
mircea_popescu: some guy who was the near east distribution manager for coca cola since 1992
mircea_popescu: you can probably make a fuckton selling folk remedies and straight silicone injections into the ass. heck, some people do.
mircea_popescu: i don't care how much profit the doctor's office makes.
mircea_popescu: the only way to obtain such a thing is if someone with a lot of fmcg experience and contacts actually starts one.
mircea_popescu: that aside : bitcoin desperately needs an ebay killer ap.
mircea_popescu: this "here's a script that sorta replicates functionality now we wait for "the users" to make us a business" is nonsense
mircea_popescu: imagine if some kid made a html page which read THE REAL AMZON
mircea_popescu: unbalanced basically it's yet another rehash of the old and by now stale "i wrote a script therefore this is a business".
mircea_popescu: that says their redeem codes were broken and leaked equity.
mircea_popescu: O Mercado Bitcoin sofreu um ataque, que infelizmente foi bem sucedido, em sua implementação de redeem code. Devido à um erro de codificação, foi possível ao atacante gerar novos códigos de crédito, sem que o valor fosse devidamente debitado em seu saldo final. Conseguindo assim, gerar um montante falso de bitcoins dentro do sistema e resgatá-lo em tempo hábil, durante a madrugada.
mircea_popescu: this should be taught in hs. "too many knobs ? always pick a value you can't stand"
mircea_popescu: people gotta learn somehow that lipsticked pig is not useful
mircea_popescu: anyway, the guy made retarded, miner-biased assumptions
mircea_popescu: yah what gwillen said. i gather you're competent enough, go make one pgp
mircea_popescu: in fairness there's plenty of good reason for that, as in, they're supposedly paying ppl in fiat.
mircea_popescu: pgp btc equiv of the fiat value of the btc sent at the time it was sent
mircea_popescu: (the german folks recently, the primeasic earlier etc)