log☇︎
627800+ entries in 0.367s
mircea_popescu: that means they're playing with confederate bills somewhere in the nebraska territory of bitcoin
asciilifeform: the controlled market will allow the entry of sizeable parcels coin, but not of usd; and the egress of usd, but not of coin.
mircea_popescu: to imagine the entire set of noob exchanges today have 50% of the volume of mtgox in 2012 is to overstate things.
mircea_popescu: and that was before mtgox collapsed.
asciilifeform: the 'vapour' carried away is the coin that is panic-sold by civilians
mircea_popescu: asciilifeform the joke being, of course, that bitcoin had an otc market larger than the exchanges back in 2012.
kakobrekla: why would they announce it and not use the collected coin (ether). its a give away
asciilifeform: knob is turned, lowball bid is lowered still, shills continue to buy
asciilifeform: at slightly lowballed price. shills (perl scripts) then 'buy' the coin at these prices.
assbot: Logged on 17-09-2014 15:56:55; mircea_popescu: ensure too strong a word. but suppose you don't let terrorists run their own exchanges, nor deposit to yours.
asciilifeform: herr buterin takes the bag of coin, and places it on markets largely controlled ( http://log.bitcoin-assets.com/?date=17-09-2014#832201 ) by usg. ☝︎
asciilifeform: so we have 'buterin's waterfall.' ingredient - a fat bag of coin. (where found? sr coins traded for 'boring' coin with no peculiar blockchain history - plus gov. mining, other confiscations, etc.)
mircea_popescu: pete_dushenski not the same link, just the same title.
ThickAsThieves: traders trading traders will drive price down
asciilifeform: so you get a vacuum that is about as good as the water's vapour pressure at the room's temperature & pressure. not bad. cheap. if you remember school - you used this 'medieval' gadget.
ThickAsThieves: i'm not convinced there's anything at play but a lack of new bitcoin buyers
asciilifeform: water is pumped from a tank up, and then flows down a pipe back into the tank. in the down pipe, there's a spigot to the side, where a vacuum forms - water carries away air.
pete_dushenski: mircea_popescu: you posting the same thing ;)
pete_dushenski: mircea_popescu: don't you read teh logs?
asciilifeform: so, for the record, what i'll call 'buterin's waterfall' - picture a water-powered vacuum aspirator pump, of a kind used in school chemistry class.
kakobrekla: bitcoin holders are sheep. you only need to announce the sell to drop the price, not actually sell.
asciilifeform: this is why the sr dekulakization hoard appears to 'sit still'
asciilifeform: (meatspace trades - outside the blockchain)
asciilifeform: TomServo: these folks are not necessarily brilliant schemers, but they have the basics nailed down. such as how to trade 'interesting' coin for 'boring' coin.
mike_c: i sent the link to warren, we're tight.
TomServo: Shouldn't this supposed ETH dump be coming from: https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 ?
assbot: Logged on 17-09-2014 15:50:00; asciilifeform: had a thought. usg's btc price dampener strategy has no clear endgame - the 'ethereum' thing will carry on while the usd printing press runs, because it stands to reason they are running both the sell and -buy- ends of the machine. 'arse-mouth system.'
asciilifeform: for reference - my theory of 'buterin's waterfall' >> http://log.bitcoin-assets.com/?date=17-09-2014#832194 ☝︎
mircea_popescu: tough for them
asciilifeform: ^ right. but this answer unhappily tickles all the folks who think they like 'hierarchy'
ThickAsThieves: because you have to actually control the gold
mircea_popescu: the only correct response to one that wishes to impress you with meaningless bloodletting is MORE bloodletting, better directed.
mircea_popescu: <asciilifeform> is the answer for king to decree 'anyone may call himself a man of medicine' ? << yes, actually.
ThickAsThieves: i hope buterin and friends dont think they can surpress price THAT long
TomServo: Wow - that's a big one!
asciilifeform: so long as your 'throne' (kingly, ministerial, city-dogcatcher, commissioner of farts, etc) is a thing - and isn't constantly probing your arse for worthiness to sit thereon - it will behave this way.
[]bot: Bet placed: 250 BTC for No on "Bitcoin to surpass Berkshire as an investment" http://bitbet.us/bet/786/ Odds: 72(Y):28(N) by coin, 80(Y):20(N) by weight. Total bet: 1566.66146022 BTC. Current weight: 44,515.
asciilifeform: i'd argue that this situation is intrinsic to the very idea of having stable 'institutions' like 'official medicine'
asciilifeform: while continuing to oversee the latter - hanged.
asciilifeform: shamans, if clever, will merely crib from the deviants as needed.
asciilifeform: is the answer for king to decree 'anyone may call himself a man of medicine' ?
asciilifeform: (some people see this as something which has already happened, but that's besides the point of the example)
asciilifeform: imagine if actual, scientifically-honest medicine were entirely forgotten, and the licensing authorities in your country permitted only witch doctors, whose main remedy is blood-letting.
xmj: hahahahaha now that's a weird bet.
asciilifeform: 'Because apparently nobody creates anything anymore, and it all belongs to Facebook, Twitter, Reddit and Instagram, right assholes?' << this is fundamental.
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asciilifeform: fundamental to press per se ?
mircea_popescu: i'm talking about things that are fundamental, not mere convention built atop and supported on nothing really.
asciilifeform: certainly the tabloids would love to print a sensational turd about the sub. but then editor's phone rings, and 'editors can also have problems'
mircea_popescu: asciilifeform no, see, those are circumstantial. it's not about the press. if the chinese took over tomorrow it'd be all over the washington post.
mircea_popescu: http://thebestpageintheuniverse.net/c.cgi?u=abc_classy << referenced maddox piece, for the convenience of the students of the future.
gribble: Bitstamp BTCUSD ticker | Best bid: 428.8, Best ask: 428.85, Bid-ask spread: 0.05000, Last trade: 428.8, 24 hour volume: 12826.14394427, 24 hour low: 428.8, 24 hour high: 455.29, 24 hour vwap: 444.293570279
asciilifeform: or, also trivial example, that chinese sub off the californian coast.
asciilifeform: ^ trivial example
gribble: Autosaurus - YouTube: <http://www.youtube.com/watch?v=ff7aj2ZItuk>; Adbusters - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Adbusters>; Sim City: Auto-Saurus-Rex, Volcano, UFO's in Spacington! - Spacing ...: <http://spacing.ca/atlantic/2012/06/08/sim-city-auto-saurus-rex-volcano-ufos-in-spacington/> ☟︎
mircea_popescu: meanwhile, the pua people DO have things they'll never print.
mircea_popescu: consider what that "unfit to print" was in 1950, and in 1975, and in 2000.
mircea_popescu: no, it does not. it seems to, but it does not.
asciilifeform: press also has enemies it can, as a whole, agree on. untermenschen, if you like. some things 'it would not do' to print.
mircea_popescu: the investment of hate results in online success, the failure to invest it results in online failure.
thestringpuller: isn't that the case with any industry?
mircea_popescu: the press meanwhile knows no greater enemy than... another press outlet, especially in the same market
mircea_popescu: my own pet theory, which you may laugh at as you will, is that the difference is the investment of hate. these people hate women, fundamentally, and as such they no longer need to look out for enemies, and so everyone else is a friend.
mircea_popescu: and they STILL behave correctly.
mircea_popescu: asciilifeform is what i thought too, 2011ish. but here's the thing : these people now do book deals,
asciilifeform: if they all 'link to each other' - you have only alchemy, astrology.
asciilifeform: they link to nobodies, to beginners << unmistakeable, dire sign of a field not yet (and perhaps never) mature. you need some beginnings of a fissure between the alchemists and the chemists, astrologists and astronomers.
mircea_popescu: meanwhile "the press" avoids linking to people like the plague, as the quoted piece from maddox yest showed. and i suspect this has a lot to do with their collapse, it's not the internet, is that they misunderstood the importance of reference.
mircea_popescu: i suspect it's exactly the only reason they eked into a modicum of relevancy for the social discourse
mircea_popescu: no, they link to nobodies, to beginners, to people in their comments, they link like their fucking life depends on it
mike_c: i can confirm that a 1 yr old is terrible random number generator. they focus on a small subset of keys and bang.
mircea_popescu: and since we're on the topic, it's fucking incredible to me how abandonedly they link to each other.
mircea_popescu: there's this group of people, who figure they've figured out women. they're not entirely correct, but they do have some good points.
ThickAsThieves: seems like the quest you are sending me on is "to understand woman"
mircea_popescu: well it's one of their luminaries.
ThickAsThieves: mp this is the path to the hand frame concepts?
asciilifeform: thestringpuller: actually these were, if i recall, german. 17th-18th c.
mircea_popescu: this is more reading than the logs tho
mircea_popescu: ThickAsThieves http://rationalmale.wordpress.com/ start there follow links ?
kakobrekla: slightly bigger tend to dict.
mircea_popescu: kakobrekla not really, cause small kid tends to paw, and clustered keys is one of the main enemies of entropy
ThickAsThieves: i think it's something like 'social relevance' or justifying ones own existence
thestringpuller: impregnate her and take the kid to argentina
mircea_popescu: respec, attention, the feeling of doing the right thing, we
assbot: [HAVELOCK] [PETA] [PAID] 8.53291096 BTC to 1`149`988 shares, 742 satoshi per share
ThickAsThieves: it really isnt about the money
mircea_popescu: in fairness, she's probably getting more for her buck there than in any possible alternative.
ThickAsThieves: some people are happy in the system
assbot: [HAVELOCK] [B.MINE] [PAID] 1.27202039 BTC to 15`091 shares, 8429 satoshi per share
thestringpuller: not that I condone kidnapping
thestringpuller: move to argentina
ThickAsThieves: she's the only reason i'm still here
asciilifeform: mircea_popescu: his wife wants to remain behind the wire?
ThickAsThieves: yeah but i have no idea where to look
mircea_popescu: ThickAsThieves well sadly they're pua concepts, but they already wrote fiddy billion words on the topic since 2010 and im too lazy to re-write the shit in 100k. especially since in the 5bn words they actually did cover 90% of the 100k, and you should be able to filter.
asciilifeform: ThickAsThieves: no aamount of money (in bitcoin) will be real << to make it feel 'real', convert to a tangible. like an swift escape rocket from usaschwitz
ThickAsThieves: it's not about the material things
nubbins`: buy her a copy of the jan 3 2009 times
mircea_popescu: ThickAsThieves time to go read up on game, frame, hand and all that.
ThickAsThieves: for two, i'm starting to feel like no aamount of money (in bitcoin) will be real to her