log☇︎
415500+ entries in 0.179s
mircea_popescu: o, and all europe has contributed to date is scams
mircea_popescu: this pattern is starting to worry.
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: yes.
mircea_popescu: OneMiner im totally seeing a replay of tom's basic here tbh.
mircea_popescu: bugpowderr they're aptly not listed
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: somebody brought me whole hazelnuts
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: so... 3 ?
mircea_popescu: and of the 5 they're not really getting 100%, and the chips dont work to spec.
mircea_popescu: moreover, fo the 6 they burned one, so 5.
mircea_popescu: chips are made in batches.
mircea_popescu: there's no flux-process chip making
mircea_popescu: this is about the underlying reality.
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: i mean this is literally what a ponzi is ;
mircea_popescu: much like everyone else i guess, but anyway, still pretty fucking fraudulent.
mircea_popescu: to use that money to complete 1st batch.
mircea_popescu: gwillen more importantly than the money, they will have to get people to pre-order 2nd batch units
mircea_popescu: then later "well now we're doing 2X really"
mircea_popescu: you can't just go "we're doing X item with Y resources"
mircea_popescu: but it will cost SOMETHING
mircea_popescu: OneMiner ok, it will cost less. this i agree
mircea_popescu: you can't just make another X
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: but that's irrelevant.
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: ...
mircea_popescu: with what money are they making more ?
mircea_popescu: hm
mircea_popescu: if we go with the theory that they're not just halucianting the entire episode.
mircea_popescu: gwillen but they DID manufacture a finite amount
mircea_popescu: well... where's the other units come from
mircea_popescu: but they will deliver 1000 units to conserve hash
mircea_popescu: now they can only deliver 40 gh
mircea_popescu: they sold 500 units at 80 gh say
mircea_popescu: right but where from ?
mircea_popescu: with throttled units.
mircea_popescu: OneMiner but they ALSO say that if you want delivery now they will deliver your hash
mircea_popescu: ic
mircea_popescu: well... where do i have 400 cows from ?!
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: how does the math of this work ?
mircea_popescu: now they have to throtle units... and yet they can still deliver the same hash ?
mircea_popescu: they took pre-orders. then they made units.
mircea_popescu: there's something i don't understand here.
mircea_popescu: hm
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: a now it loaded
mircea_popescu: bfl's "your good friend tom with blood sweat and tears" moment ?
mircea_popescu: https://twitter.com/BFL_News independent twitter stream doesn't look promising.
mircea_popescu: so bfl forum is down
mircea_popescu: https://bitcointalk.org/index.php?topic=153138.msg1698753#msg1698753 << there you go copumpkin. your fractional shares!
mircea_popescu: this shit's so funny
mircea_popescu: https://bitcointalk.org/index.php?topic=153138.0;all
mircea_popescu: german chocolate sucks
mircea_popescu: everyone crawled out
mircea_popescu: nobody walked out of that.
mircea_popescu: the brits nearly got sunk as a 1st world military power, are you kidding me ?
mircea_popescu: falklands comes to mind.
mircea_popescu: OneMiner nothing ever is too stupid for reality.
mircea_popescu: and they were all poor.
mircea_popescu: http://trilema.com/2010/piinea-amara-a-baietasilor-de-cartier/ << that's an old pic from like 1992, back when we were all young
mircea_popescu: in other words, i recall them since they were wee famished tykes.
mircea_popescu: they've been going since 1992
mircea_popescu: this is like, romania's #1 (and pretty much only) rap band
mircea_popescu: is rape like electronic rap ?
mircea_popescu: http://www.youtube.com/watch?v=I-yc10V8hB4
mircea_popescu: let me show you romanians raping
mircea_popescu: i can rap yo!
mircea_popescu: i guess it's difficult to figure out what's important as a journalist.
mircea_popescu: they are covering mtgox.
mircea_popescu: they didn't cover mpex being ddosed
mircea_popescu: lol
mircea_popescu: kinda interesting conversation going.
mircea_popescu: https://bitcointalk.org/index.php?topic=101902.msg1698822#msg1698822
mircea_popescu: which is exciting, i grant you that.
mircea_popescu: truth of the matter is nobody has a fucking clue where we're headed.
mircea_popescu: yeah... it just sounds funny
mircea_popescu: i keep being the bad news of the rally ;/
mircea_popescu: so basically you expect it to go up unless it goes down ?
mircea_popescu: lol
mircea_popescu: but it IS a superminority.
mircea_popescu: i met a few when i was doing that myself, so it's certainly not "nobody"
mircea_popescu: and yet very few people are wayfaring.
mircea_popescu: look at people like tiberiusiv, ranting about how bad the world is. there's about one million towns on the globe nobody's heard of
mircea_popescu: they don;'t dop that, either.
mircea_popescu: that ideally has internet for your ipad.
mircea_popescu: laters
mircea_popescu: and in general, plenty of places to go nobody's going
mircea_popescu: to tokyo after the tsunami
mircea_popescu: if they indeed wanted to do it tho, they'd have went to haiti after the quake