568600+ entries in 0.364s
adlai: and
the amazing
tech gets copied by btc
adlai: for example,
this monero
thing... let's say
the
tech is remarkably successful, and as
this becomes evident,
the value grows
TENFOLD
adlai: for a coin
to offer more
than just a speculation game, it needs
to have some chance of outperforming btc
mircea_popescu: well, if your view is correct
then all altcoins are essentialy
the logo.
adlai: i'm just being scoffy at
the prospect
that an altcoin offers
tangible benefits beyond, say, speculating on
the coin's value without actually holding any
adlai: treating it as a whalerpg where you
take
turns playing bull and bear is another story
adlai: mircea_popescu: do you seriously
think
that selling "a few coins" into an altcoin will buy you more
than a handwave?
BingoBoingo: I
think pete_dushenski is out lobbyist up
there
mircea_popescu: canadian govt srsly has
to do some liquidity injections o.O
mircea_popescu: meanwhile back at crazy shit ranch : "I am a
twenty-year old sub living with my dom in Sask in a 24/7 D/s relationship. For
the past
two years I have been
training as a sub and saving money for school. In
the summer I will be relocating
to
Toronto for college in
the fall. My Sir will find a Dom for me
there with
the hopes of finding me someone
to stay with while I study. In exchange I will serve him as his slave for
mircea_popescu: nothing wrong with
that, i just spent a coupla hours derping in eulora myself. jus as long as it's not coming as a surprise later.
mircea_popescu: nevertheless, it gotta somehow make business sense. and
the problem is, if it doesn't make it for me it doesn't make it in general, because what exact particular assumptions got baked in ? nothing much. if
there isn't a good answer
to "so what's my btc buy me" other
than handwave,
there's probably no better answer
to "what's your
time buy you" other
than, whatever, "playing a mmorpg".
mircea_popescu: fluffypony understand what i'm saying here. you seem cogent and
together, you're working on
this whatever
thing i can't readily evaluate. i'd consider putting a few coins into it ; i can even ignore
the involvement of whatever known derp on
the
theory
that on
the long
term sterile works itself out of metal anyway so who cares.
☟︎ BingoBoingo: fluffypony: Maybe It's
the robitussin, but without a hard cap on supply how do we break
the "new" world
BingoBoingo: If you are going
to darknet what's wrong with old style
turtle routing?
fluffypony: same reason people build on
top of i2p or
Tor
mircea_popescu: but basically any growth won't come
to me. so i won't build on it.
fluffypony: yup it's designed
to be slightly inflationary not deflationary
mircea_popescu: it may make sense if i won't hold it overnight sorta
thing
mircea_popescu: well no, so far i gather
the contrary : i'm guaranteed
to not see any mid or longm
term return
fluffypony: from a business PoV it's unlikely
to be a good investment unless you're happy
to hold it for several years
fluffypony: well
the current price is 0.00109
to
the BTC, and
there are just over 5 mil coins at
the moment
mircea_popescu: fluffypony so from a purely business pov, why would i give
this
thing a 2nd
thought ? what exactly can my 1 btc buy me and how ?
fluffypony: we have infinite
tail emission,
the block reward value of which hasn't been set as yet
fluffypony: well anyway,
the cryptography interests me most of all, and
there's some cool stuff we're doing
BingoBoingo: I mean castles are basically
the motorola 68k of fortifications
BingoBoingo: I just like
the idea of castles, like mudkips
fluffypony: he's one of my fellow core
team members
fluffypony: or
the software architecture we're building out
fluffypony: if you're interested in
the cryptography of it
BingoBoingo: Eh, what's
the differences.
The interesting stuff? I'm fighting a generic winter illness and slowly realizing a bottle of cold medicine is supposed
to contain multiple doses.
fluffypony: at
the moment no minimum mixin level is enforced, so ostensibly an output in
the utxoset can actually be spent at some point with a mixin of 0, and
thus is *actually* spent
fluffypony: "mixing" is done on inputs for a
tx only, based on denominations of ^10, and inputs are mixed with previously unspent inputs
fluffypony: sure, it's a cryptocurrency, not based on
the Bitcoin source, no GUI at present
gribble: Bitstamp BTCUSD
ticker | Best bid: 357.59, Best ask: 357.6, Bid-ask spread: 0.01000, Last
trade: 357.6, 24 hour volume: 13375.89528924, 24 hour low: 339.8, 24 hour high: 363.99, 24 hour vwap: 0
mircea_popescu: + i accidentally sent asciilifeform's line about 2nd code and pots
to some chick i'm
talking with on
the side. she's new and was just probing as
to what's in principle required of new chicks.
ben_vulpes: bring in
the social justice police,
this society is out of hand
mircea_popescu: this just
took a
turn for
the weird - erryone discussing me in
terms im unfamiliar with
ben_vulpes: asciilifeform: i am struck by
thoughts of jabba
mircea_popescu: beating
the women i love is more work
than i feel like as it is.
mircea_popescu: thestringpuller eh let it excise itself. why should i do
the work for people i don't even like.
thestringpuller: mircea_popescu:
the cancer must be excised and disposed. Although it may be in remission...
mircea_popescu: <asciilifeform>
this is
the correct use for
the 'i dun wanna learn a second programming language' folks. << liek
the ppl
that want everything
to be lisp ? :D
mircea_popescu: i dunno why all
this geographic arrangement. a bitcoin island, a derp camp...
thestringpuller: mircea_popescu: "we are stupid but don't like
to admit it" <<
this is good critera for sending derps off
to asciilifeform derper's retirement camp.
ben_vulpes: those of us who
think it not, kindly invited
to pleb elsewhere i gather.
ben_vulpes: "build me a space elevator from materials available
today."
undata protests at where
that quote was clipped!
ben_vulpes: asciilifeform:
that's one hell of an assumption,
that
the
task is doable.
mircea_popescu: undata> "Javascript is actually in demand now for good reason. << "we are stupid but don't like
to admit it" being
the reason.
ben_vulpes: and what about
that portland lawyer whose fingerprints appeared miraculously at
the scene?!
mircea_popescu: but at least
the derp dept moved from "blockchain
technology"
to "bitcoin
technology".
mircea_popescu: <thestringpuller> You can't make
this shit up. << word.
assbot: Logged on 27-09-2014 02:36:41; asciilifeform: 'If you're a defendant, you don't get
to claim your fingerprints miraculously appeared at a crime scene... If you're a bookkeeper, you don't get
to say money miraculously disappeared from your company...'
ben_vulpes: what is so damn hard
to grasp about
this
ben_vulpes: at some scales and without some simplifying assumptions you just need a universe
to model a universe!
mircea_popescu: <asciilifeform> usg has more-or-less 'sat' upon
the idle rich <<
the 'idle' (what does
this mean? <<
the early modern period had ample supply of
this particular
type. literally, idle.
ben_vulpes: what is
there
to explain about
turbulence?!
undata: I can't
think of an instance in history where blunt instruments such as
these were wielded effectively.
thestringpuller: almost like dropping
the IQ of
their peers by merely existing
thestringpuller: some derps actively
take away from
the well being of others
undata: thestringpuller:
the pattern in my family (at least for
the first male kid) has been
to impress upon
them
the value and necessity of hard work, and
then
to drop
them into
the world
to fend for
themselves at
the appropriate
time
thestringpuller: brutal: "Witnesses of
the camp state
that
the camp
took
the life of some 380,000 people in
the 10 years of its existence. Most notable about
the camp is
the fact
that uranium mining was conducted here manually without any protective gear whatsoever.
The average miner's life span lasted only months here"