613600+ entries in 0.399s
thickasthieves: bitcoin is backed by bagholders, so if you wanna be able
to
transact AND cash out large amounts, you need large price
thickasthieves: re remittance,
that is one aspect where price (more specifically, market cap) matters
thickasthieves: the function is
that bitcoin is designed
to be antifragile, so each of it's properties work
to correct and balance
the others
ben_vulpes: the interesting
thing is what happens
to modern governments
that run on printing money.
dbolser: perhaps I need
to study alt-coin failure modes
ben_vulpes: it's always a store of value, and it's always a method of
transacting value.
dbolser: seems
the higher
the price,
the bigger
the buzz,
the wider
the application
dbolser: I was
thinking something along
those lines
dbolser: ben_vulpes: yeah, I'm vague
there
too... like if
the price stays really low, it's still a
tool for international
trade
ben_vulpes: can you clarify
the functions question?
dbolser: is
there a set of functions it performs as cost enters certain ranges?
bounce: so easiest
there would be
to put a good push behind supporting more phones (like some nokia models from back when
they were respectable)
mats_cd03: the infinite money machine distorts proper analysis of
these
things
thickasthieves: mining is more likely
to affect price
than
the reverse imo
thickasthieves: the problem i have with
the point is it acts like price is a driver of anything but speculation
dbolser: if price goes
to 1 cent per 10 BTC (lets say), is
there any 'value' in mining?
nubbins`: yeah,
the only chips you hear about are
the ones where
the makers wanted
to vacuum up
that sweet sweet "investor" money
dbolser: thickasthieves: I don't argue
that
the
two are related in a complex way, but I wonder if
there is a lower bound on price whereby mining 'colapses'
thickasthieves: also keep in mind
that mining costs as reported by reddit etc, are just a snapshot of what can be seen,
there have been private operations implementing
their own chips for a while now
thickasthieves: itd be impossible
to know
the plans and behavior of major mining outfits and
their coins and costs
bounce: how hard is it
to build a (simple, "feature") phone with fully-controlled firmware including
the wireless interface side?
dignork: so I invited dbolser here, because we where discussing MV=MC in #bitcoin, but no
traction
there.
dbolser: I figure cost of securing network is proportional
to price
bounce: really need
to find more ways
to recover
the secret keys from SIM cards and stick'em in (FOSS-programmed) alternate SIMs
that you control
dbolser: working on a counter
to
the argument
that bitcoin price is important if it falls below a certain
threshold where
the cost of securing
the network is 'too high'
mats_cd03: the interface is serial but
that doesnt really
tell me anything
nubbins`: but
there's a modicum of solace in
the fact
that other people are similarly confused, no?
assbot: The SIM card is a full featured computer. It has memory, a CPU, and your
telco ... | Hacker News
mats_cd03: i am under
the impression SIM cards have DMA
assbot: imgur:
the simple image sharer
danielpbarron: how can people say irc isn't "real life?" It has a way
to let
them storm out all pouty
danielpbarron: i'm not sure how you, ben_vulpes, were able
to !up him without being authed
gribble: Error: For identification purposes, you must be authenticated
to use
the rating system.
thickasthieves: Note
that it's ironic
that I actually made
this purchase by mistake because I
thought
the "Deposit" button meant , yknow, depositing funds, not exchanging currencies. Your system of dollarifying all numbers is obnoxious. Let people
type in bitcoin amounts and understand it as a separate currency. You're just confusing
things."
thickasthieves: this was my message
to Circle,
to which i got
that form response "I shouldn't complain since
the price has gone down anyway, but why didn't
this order go
through? I just want
to know how
to avoid
the problem in
the future.
ben_vulpes: thickasthieves:
the wot begins
to bite
thickasthieves: it's canceled but
that's much
too substantive a word for a rep
to use
nubbins`: i did
the full gamut w/ my circle account, A+++ would buy satoshis from again
[]bot: Bet placed: 1 BTC for Yes on "S&P 500
to post 8th straight quarter of gains"
http://bitbet.us/bet/1053/ Odds: 64(Y):36(N) by coin, 63(Y):37(N) by weight.
Total bet: 3.8357673 BTC. Current weight: 91,607.
thickasthieves: this is all Circle had
to say about my inquiry as
to my order being cancelled "We may have delayed your
transaction due
to our fraud prevention monitoring. I apologize for any inconvenience! We should have
this issue resolved in
the next few days."
kakobrekla: sgornick arguing
that XBT is better for adoption or whatever
the fuck is beyond retarded
nubbins`: this is regarding an article about cleaning products not being required
to list
the specific perfume/scent ingredients: "Printing is cheap
these days so no reason not
to list all
the ingredients in everything"
assbot: Jacques Maurel -
Teacher in Machine Design | GEARS
thickasthieves: really i'd rather focus on getting people
to quit choosing arbitrary denominations
fluffypony: which, frankly, is kinda rude since
the B didn't do anything
to deserve an anal probing
assbot: Press Release October 7, 2014: Bitcoin Foundation Financial Standards Working Group Leads
the Way for Mainstream Bitcoin Adoption |
The Bitcoin Foundation
sgornick: Now
trying
to get people
to use XBT versus BTC
sgornick: > Beth Moses led
the standardization and
testing of extravehicular interfaces for
the International Space Station while at NASA.
TomServo: Could of interesting posts on ISIS
there.
nubbins`: that's
the look of a man who fucked you in
the ass
assbot: imgur:
the simple image sharer
mats_cd03: >Fortunately
technological progress marches on, and Nielsen’s Law of Internet Bandwidth and Moore’s Law make scaling up easier as
time passes.
nubbins`: so i click a gop.com link
that was posted in
this channel
BingoBoingo: Also
the part where bandwidth doesn't evenly increase and shit.
mats_cd03: i see
the scalability roadmap refers
to moore's law
BingoBoingo: Huh,
the Dodgers are starting Kershaw again
tomorrow after he got
tagged for 8 runs Friday
BingoBoingo: Maybe I need
to stop bashing my hand with
the OED when I
typo and find a correction
that doesn't affect
the
typing hands.
thickasthieves: those new cheapo asicminer prisms will hit
the scene soon
gribble: Next difficulty estimate | 35557887526.9 based on data since last change | 38815196708.8 based on data for last
three days
thickasthieves: "nd
the Bitcoiners celebrated. "WE JUST HARPOONED
THAT MOTHERFUCKER!" wrote one. "While
the stock markets were closed, we had our weekend full of laughs and
tears. Who doesn't wanna be part of it? Long live
the 24/7 free market!" wrote another."
assbot: BearWhale Is Freaking Out
the Bitcoin Markets -- NYMag
gribble: Bitstamp BTCUSD
ticker | Best bid: 321.03, Best ask: 322.5, Bid-ask spread: 1.47000, Last
trade: 322.53, 24 hour volume: 34906.79588908, 24 hour low: 312.37, 24 hour high: 347.0, 24 hour vwap: 330.464326352
assbot: 7th Heaven Dad Stephen Collins
Taped Confessing
to Child Sex Abuse
BingoBoingo: Sweet, lotta bearwhale fan art out
there. I'm waiting for
the slashfic.
bounce: huh, sneaky circular argument
there. usg says hoster
Ts&Cs allowed for monitoring
to no privacy for you! -- but how'd
they know what server
to monitor, hm?
tor ought
to've made it unfindable.
assbot: Government Set Up A Fake Facebook Page In
This Woman’s Name
bounce: "safe harbor" and like rules, yes. which parties like
the MAFIAA like
to ignore
assbot: Silk Road: Government files response
to Horowitz Declaration
thickasthieves: do ebay servers get hacked when
they discover coupon counterfeiters?
thickasthieves: but arent
there other precedents saying a website owner isnt responsible for
the crimes commited by users of it?
bounce: kinda interesting
though,
that
though it's mostly a dead letter
these days over
there, you're supposedly still innocent until proven guilty (or badgered into pleading guilty, which
they're very good at and do a lot), but
that it doesn't go at all for
things, like websites. "blatant illegal website!" -- oh, is it? how'd you know
that?
bounce: judges aren't big on waylaying
the government
these days.
bounce: total hax man. also, we don't care about your rights. we don't have
to care about your rights. we're
the government
thickasthieves: "SR Server needed only
to be “reasonable” –
that is, justified by “legitimate governmental interests.” Vilar, 729 F.3d at 86. Given
that
the SR Server was hosting a blatantly criminal website, it would have been reasonable for
the FBI
to “hack” into it in order
to search it, as any such “hack” would simply have constituted a search of foreign property known
to contain
thickasthieves: isnt
there a greater problem where if
the gov did inject code
to make
the server leak,
that
this precedent would now allow such action
the future
thickasthieves: if you are criminal, why would you
think you have right
to privacy?