651300+ entries in 0.47s
mike_c: we already know what happens when govt starts mining. difficulty bumps
to 19B.
fluffypony: pretty sure if
that happened
they'd move
the PoW
to SHA3 :-P
fluffypony: although I suppose you'd have little in
the way of competition at
that juncture
fluffypony: assuming
the usual profitability fall-off in mining
fluffypony: it still bumps diff
to over 81 billion
fluffypony: it would bump difficulty up
to over 100 billion
[]bot: Bet placed: 1.4996 BTC for Yes on "Tesla stock
to close at over $250 in 2014"
http://bitbet.us/bet/955/ Odds: 89(Y):11(N) by coin, 88(Y):12(N) by weight.
Total bet: 18.01454688 BTC. Current weight: 74,093.
BigBitz: but
the American cockroach does fly.
mircea_popescu: i don't need
to be buddies with a cockroach
to know why it can't fly.
mircea_popescu: he has lots of resources as long as he uses
them a certain way
BigBitz: The point was Zuckerberg has lots of cash/resources. If he was inclined
to have lots of BTC I'm sure he would.
mircea_popescu: what, ima be
trapped in meta jail now cause you're bored ? log's
there.
BigBitz: It's scary what people
throw money at...
mircea_popescu: i have little worry about
the actual market value of
things actually on
the actual market.
BigBitz: Eth...
the latest scam coin.
mircea_popescu: in
the sense someone is stupid enough
to pay 100bn for fb and 20k btc for eth...
BigBitz: noone is stupid enough
to pay $1Bn
though :)
mircea_popescu: zuckerberg does not. which is why i'm a player and zuckerberg for all
the press, is not.
BigBitz: does it have
to be Ukranians?
mircea_popescu: that's cashing out : when you
take your money and hit someone over
the head with it.
mircea_popescu: it's a cash out when he
takes 1bn of facebook stock and gives it
to support rebels ousting
the us from
the ukraine.
BigBitz: not
the bit
that supports your opinion.
BigBitz: read
the whole
thread, mircea_popescu.
mircea_popescu: BigBitz also you will notice,
taking 1bn of stock and lavisingh it upon some charity does empathically not constitute a cash out.
☟︎ mircea_popescu: <BigBitz> Anyways - I am not
trying
to incite an argument. I just
think and believe
that if
they wanted it
they'd get it. Cash is
their king (and many others). <<
the world has new kings, meanwhile.
the direct effect of
this being
that no,
the old kings couldn't anything, whether
they wanted it or not.
mircea_popescu: that reason is
that
the people with some self respect left don't wish
to play
the part of decorative mosquito.
mircea_popescu: there's a reason only washed up nobodies a la pierce and
twinkletoss come derping around
to be impaled on
the fence pikes.
mircea_popescu: <BigBitz> Either way - don't fool yourself if you
think
the SUPER RICH couldn't do what
they wanted with Bitcoin. Not saying it would be an easy
thing but it's not at all impossible. << i'm saying it would be impossible.
mike_c: hm, good luck getting 1mn
through mining
mircea_popescu: what btc revenue can you guarantee me
today for a 1bn usd investment in s.rig ?
mircea_popescu: <asciilifeform> fluffypony: no market implications if you sink
the usd into mining vs. buying. <<
think again.
pete_dushenski: fluffypony: 1 mn btc on
the market would cost infinity billion ;)
BigBitz: Anyways - I am not
trying
to incite an argument. I just
think and believe
that if
they wanted it
they'd get it. Cash is
their king (and many others).
BigBitz: If
they want it
they can get it.
BigBitz: You change from "omg not possible"
to "they would if
they could" heh.
pete_dushenski: well, if
the "super rich" could
touch bitcoin,
they would
BigBitz: According
to a Facebook filing
this week, Zuckerberg pulled
the
trigger on some 60 million shares worth of options at
the end of last year, netting a profit of about $3.3 billion. He immediately
turned around and sold more
than 41 million shares while
turning over 18 million, worth almost $1 billion at
the
time,
to his favorite charity,
the Silicon Valley Community Foundation.
BigBitz: Yeah
that was
the second cash out - he did $3Bn
this year I am almost certain.
pete_dushenski: "While Zuckerberg will end up pocketing $33 million, his overall stake in Facebook is barely changing, and he’s donating $1 billion
to charity."
BigBitz: Either way - don't fool yourself if you
think
the SUPER RICH couldn't do what
they wanted with Bitcoin. Not saying it would be an easy
thing but it's not at all impossible.
BigBitz: We would need
to Google
to confirm but, yeah, pretty sure he cashed out multi Billions.
BigBitz: Yeah
that $3B he cashed out must be hardh, pete_dushenski.
pete_dushenski: BigBitz: his resources are
tied up in a stock which he basically can't sell
BigBitz: yeah, because he wouldn't have
the financial resources
to do it on BTC....
pete_dushenski: some nincompoop
thinks zuckerberg can amass 1 mn btc. just like
that. more lulz
mircea_popescu: it'll be
the lulz of all
time if 20 years from now google survives as
this grim, unwelcoming steward of usenet archive.
chetty: lets go back
to gopher
mircea_popescu: and
that's raw frequency. if moderated by importance... 99% of what google does for me is grep
trilema.
mircea_popescu: pete_dushenski i know i call lo... from
the url bar
to go places 10x as often as i call google.
pete_dushenski: or
they just like
typing in
the url bar
to get
the wiki link
mircea_popescu: so really
there's not all
that much left google can do.
mircea_popescu: and
the more action driven among
those are on
the various muppetwitters already
mircea_popescu: in any case,
the people who end up places because google are generally speaking
they
too young or
too stupid
to have a populated mental space / bookmark list
pete_dushenski: fluffypony: badminton << count me in for
this
team! 99.9% chance i'm
the best player here :)
mircea_popescu: if you dont, you know how
to identify one, and google supplies a raw list, like a sort of research intern.
mircea_popescu: asciilifeform
the problem with google is
that it's becoming rather irrelevant.
think about your own data consumption process, how often do you include something you found on google ? and when exactly ?
mircea_popescu: pete_dushenski i know i
treat
teh backdoors as a right...
pete_dushenski: "Google will begin using website encryption, or HTTPS, as a ranking signal – a move which should prompt website developers who have dragged
their heels on increased security measures" << lulz
ben_vulpes: great
thing about new server is
that i can run it as hot as i want without some virtualization layer going "mmmm,
that's a little bit
too hot. let's bork your input and ouput for a bit."
ben_vulpes: am only waiting for babe
to enface-ify
then it's bike
to breastfast sammich
time
pete_dushenski: and mr. ben_vulpes, as a student of power, you should enjoy
this most recent blog post
ben_vulpes: <pete_dushenski> if not by me,
then by my, what shall we call
them... colleagues? << it's
the peerage ;)
assbot: This Is
The Bitcoin Empire.
This Is
The New Yasa | Contravex: A blog by Pete Dushenski
mircea_popescu: this differential does not yield surprising results in practice, and
the standing of
the us govt is weaker
than
the
tsar's was.