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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)
mircea_popescu: the only people to demonstrate fuckuppery of incredible level are both american
mircea_popescu: bugpowderr i dunno about that. the only ppl to demonstrate asic hashing are both chinese
mircea_popescu: OneMiner im totally seeing a replay of tom's basic here tbh.
mircea_popescu: people keep wandering in concerned to see wtf am i thrashing into the ground
mircea_popescu: i have been using various items on my desk to crack them
mircea_popescu: bugpowderr ya but it was a plastic model and they had no glue.
mircea_popescu: i can't see a future where they dig themselves out of the hole.
mircea_popescu: and of the 5 they're not really getting 100%, and the chips dont work to spec.
mircea_popescu: gwillen this isn't about bfl fantasy-labeling of real world items
mircea_popescu: get people to put up equity (which you call pre-orders) to deliver benefits to ppl who put up equity earlier
mircea_popescu: much like everyone else i guess, but anyway, still pretty fucking fraudulent.
mircea_popescu: gwillen more importantly than the money, they will have to get people to pre-order 2nd batch units
mircea_popescu: you can't just go "we're doing X item with Y resources"
mircea_popescu: from whatever i can foggily remember about managing ops, if you start a project to do X and you do X/2
mircea_popescu: and moreover that people have on the net been cancelling
mircea_popescu: OneMiner my intel says people sent them a lot of btc back when, and that people have not been sending more
mircea_popescu: either i'm the only one with a calculator on my os or else wtf is going on here.
mircea_popescu: if we go with the theory that they're not just halucianting the entire episode.
mircea_popescu: OneMiner but they ALSO say that if you want delivery now they will deliver your hash
mircea_popescu: but i tell you if you want 400 teats with your 100 cows i'll send you 400 cows
mircea_popescu: you order 100 cows from me. i discover the cows i have only carry one teat
mircea_popescu: now they have to throtle units... and yet they can still deliver the same hash ?
mircea_popescu: "If you'd rather have your units shipped regardless of increased power usage, we will still guarantee your hashrate by shipping you however many units are required to achieve your purchased hashrate."
mircea_popescu: bfl's "your good friend tom with blood sweat and tears" moment ?
mircea_popescu: the brits nearly got sunk as a 1st world military power, are you kidding me ?