645200+ entries in 0.46s
mircea_popescu: atc is strategically important because
take for instance
the link
ThickAsThieves dropped from -dev earlier.
decimation: technically not so much. only which is first in
time
mircea_popescu: an exact clone with a financial bridge. what is
the distinction ?
decimation: ThickAsThieves: because controlling
the alternatives demonstrates power
ThickAsThieves: "There’s Bitcoin and
that’s it, because
there can only be one. All
the rest of
the crap exists only inasmuch as a) it stays
theoretical or b) it stays small enough nobody cares. Where a) and b) are only distinct in
the derp point of view, otherwise
they’re
the same
thing."
X-Rob: decimation: A lot, but, I happen
to have a power generation station as a customer, and I have a couple of racks in
their computer room
that I get for free.
BingoBoingo: ;;rate xrobau 1 Going
to point his hash, issues corrections
BingoBoingo: ;;rate X-Rob 1 He's going
to point his hash somewhere
decimation: X-Rob: what do you pay for electricity
there in australia?
mircea_popescu: that's like,
the one
type
this chan was missing, someone who actually enjoys
that part.
X-Rob: Actually ending up with coins is just
the end result.
X-Rob: mircea_popescu: I'm more of an engineer. I like setting it up and doing all
the management
X-Rob: and I idle against p2pool,
too, which is almost always at 105% luck
decimation: The mind reels. I guess people are willing
to pay a premium for virgin coin?
X-Rob: I normally aim for 10% above
theoretical
X-Rob: decimation: yes. always. But
that's because I provide a guaranteed hashrate, and I know what I'm doing.
decimation: X-Rob: do you generally find
that you can lease your rig for more
than what
the forecasted average payback should be? (on a per megahash per day basis)
X-Rob: And I need
to find out why
the big one is slow.
mircea_popescu: ThickAsThieves you can rent his other rig for a few hours
to help cut
through
the current glut.
mircea_popescu: ill make it .24 for
the first one so it comes out
to an even 2 btc.
X-Rob: mircea_popescu:1xrobauEmhLwVnTmLbs6M92n1xGFAFbgq is my address, and you're comitting
to pay
to
that address .22BTC per week for 9 weeks, for a
total of 1.98BTC. First payment will be within 24 hours, and
then every 7 days after
that. If you miss a payment,
the deal is void, and I'll feel really annoyed, as I'm leasing below cost now,
to average
the price.
mircea_popescu: ok, so start
tomorrow or w/e it expires, BingoBoingo gives you details, i'll pay you in advance for first week
X-Rob: (was just asked
to make it public)(
RagnarDanneskjol: "Sure
the super-heroine
that cooks very well, enjoys her bukkake work and is a F1 pilot by day could exist, just like
the sharpshooter specialist in classical Greek literature with a side of stockbrokering could exist.
The odds however are
too one in
ten
trillion for
the mere
ten billion population of
the planet
to provide. We have enough
trouble getting eleven people
together
that can w
ThickAsThieves: it wasnt even a normal human life, i just kinda needed
to shut out even more of
the world for a bit
mircea_popescu: anyway, lots of "failed
to close financing" stories begin
to pop up.
ben_vulpes: "when
they do work for it
they roughly feel so used." << oh god its so rough
ThickAsThieves: the power
to make bitcoins will only get more and more
tempting
ThickAsThieves: i was
thinking about how bitcoin exchange scam stories will never end really
mircea_popescu: however,
the only people who accept
the latter are people who also have some sort of insulation in place, so
they don't actually care.
mircea_popescu: the
thing with it is
that it's a minor liability, when compared
to major liabilities such as banking pseudobux.
mircea_popescu: cash is generally a liability when compared
to bitcoin.
TheNewDeal: they're avoiding
tax with
the sale
though as well
TheNewDeal: I'm confused
though, I would figure
there would be a discount on cash
mircea_popescu: TheNewDeal
that's
the situation universally. i keep getting offered in excess of 110% by ppl looking
to buy.
TheNewDeal: ragnar, do you buy any btc at all?
The localbitcoin prices around here are like 105% bitstamp minimum, more like 110% for anyone with some feedback
decimation: X-Rob,
that's pretty neat
to have a freepbx dev here.
There needs
to be some method
to move some of
this onto shortwave
RagnarDanneskjol: yep. i stopped using
them over a year ago, am just fine paying street xchange fees whenever I ned usd now. Fortunately, in SoCal, I can spend btc all over
the place, rarely need
to convert anymore
mircea_popescu: i dunno why
the surpriose, it was never
the case
that coinbase was respected or respectable.
RagnarDanneskjol: yep, still doin it on
the regular or so I've been
told by 'inside sources'
ThickAsThieves: i dunno,
they are going in
the wrong direction if
they wanna live
though
TheNewDeal: i've heard of
them doing
that approx 1 year ago, have
they been caught doing it again recently?
RagnarDanneskjol: yes,
they suspend normal service anytime price momentum shifts by x% either direction
ThickAsThieves: sure, but
they did/do have it
to where people can't buy whenever price is low
dignork: oh,
the price is defined when you give
the order
dignork: Oh, you probably mean express/immediate whatever
they call it buy, i nerver managed
to set it up, so it always was few days for me.
RagnarDanneskjol: diginork - beware,
those orders might go
through anytime - and never leave
those pending orders with
them -
they resume
trading as soon as
their books level off, just keep refreshing if you must use
them
mircea_popescu: RagnarDanneskjol you don't understand "professional" and "wall street" like
teh media vcs do.
BingoBoingo: And
the username it wants is
the address it pays
to in
the coinbase
transaction, so super verifiable
dignork: i have multiple pending buys, all scheduled for +6 days from
the
time of purchase, never followed if
they actually keep
the schedule
though.
BingoBoingo: Coinminer's actually paying us roughly proportionally
to our power nao
RagnarDanneskjol: coinbase has been playing
that game for a long
time - anytime market shifts >15% in either direction. fukin bozos
mircea_popescu: BingoBoingo so what's
the atc pool situation ? where's X-Rob
to point his miner ?
dignork: right now coinbase buy works, when did
this happen?
assbot: Pushing
the soft
tender flesh of a friend against
the sharp rotating blades of
the immutable machine. pe
Trilema - Un blog de Mircea Popescu.
TheNewDeal: i'd
think a slight reduction is
the most one could ask
TheNewDeal: well what do you expect, all
the retardation
to just up and disappear?
TheNewDeal: can you update
the
trilema listing article
to include 1) be less retarded.
bitmia: perfectly clear,
thanks
ThickAsThieves: bitmia, is
that like bitcoin for veterans nonprofit or something
mircea_popescu: also why idiots stay away :
they'd rather nurse a bevy of retarded ideas
than actually do some work.
ThickAsThieves: if
the owner of a business doesnt like you and finds you pointless, how can you expect
to do business?