660600+ entries in 0.405s
nubbins`: the assumption
that blowing your savings on a speculative investment when you have large pre-existing financial committments isn't a good idea
assbot: [HAVELOCK] [PETA] [PAID] 24.16124788 BTC
to 1`149`988 shares, 2101 satoshi per share
Pierre_Rochard: nubbins`: i suppose at
the very least, bankruptcy would absolve you of your car loan and mortgage // is
the assumption here
that bitcoin price going
to zero would make
the borrower go bankrupt? Because
that would be poor balance sheet management
too.
assbot: [HAVELOCK] [B.MINE] [PAID] 1.81503056 BTC
to 12`514 shares, 14504 satoshi per share
ThickAsThieves: "Just a USMS auction price discovery update: I contacted
the USDOJ Office of General Counsel regarding my FOIA request submitted back on
the 6th of July... and
they stated I should see information in early August.
They also stated
they had a flood of requests for information on
that auction."
☟︎ bitcoinpete: "On
Thursday, Mark J. Mazur,
the
Treasury Department’s assistant secretary for
tax policy, made
the case
that any new laws
targeting inversions –
transactions
that allow American companies
to reincorporate abroad – should be backdated
to May 2014, potentially affecting a number of multibillion-dollar deals."
mike_c: the risks aren't equivalent
to *you*.
bitcoinpete: "Mr. Schneiderman,
the state’s
top law enforcer, contended
that Barclays favored high-frequency
traders over other investors in its dark pool, known as Barclays LX. He contended Barclays falsified marketing materials, inaccurately portraying
the concentration of high-frequency
traders in
the market, and he said
the bank misrepresented a service
that purported
to protect investors from predatory
trading behavior."
xmj: you're a counterparty risk
to
the bank and someone else is a counterparty risk
to you
xmj: you don't want
to avoid it
mike_c: mhm. explain
this magical scenario where you avoid counterparty risk.
xmj: if
they're of equivalent risk and differently priced
that's due
to market frictions.
xmj: you don't need cds if
they're of equivalent risk.
mike_c: of course, you need credit default swaps for
that arbitrage. and insurance on your credit default swap counterparty.
nubbins`: i suppose at
the very least, bankruptcy would absolve you of your car loan and mortgage
xmj: paying off debt is always
the best option.
Pierre_Rochard: kakobrekla: so everyone should pay off
their mortgage / student loans / credit cards / car loans before buying bitcoins? Seems a little extreme and just poor balance sheet management imho
kakobrekla: <Pierre_Rochard> bitcoinpete: or borrow
the money
to buy
the car and use
the cash
to buy btc << I like
this form of indirect leverage. Who else would finance bitcoins < 5% APR (0% if you get a good deal)? < as i was saying, if you are in position where you need
to borrow
to gamble/invest in btc, you should not do it.
xmj: fluffypony: if you hear from anyone
that
they need such, let me know please :)
fluffypony: xmj yeah - I don't have a problem with an over-engineered
template
that gets reused by someone competent
xmj: well, i did want
to point at
the log before, but
the greek flag is good
too
xmj: i've noticed
there is no difference in setting up a server from scratch either a) manually or b) with salt. b) is reproducible, documented and reusable.
xmj: it's just
that.. we're faster.
xmj: and yes overengineering. config management all
through.
Pierre_Rochard: bitcoinpete: or borrow
the money
to buy
the car and use
the cash
to buy btc << I like
this form of indirect leverage. Who else would finance bitcoins < 5% APR (0% if you get a good deal)?
fluffypony: and end up
taking 3 weeks
to do a 1 day job
fluffypony: yeah look, if I paid a competent sysadmin freelancer
that'll cost me $50/hour, and I can guarantee
they'll over-engineer
things despite my asking for something simple
xmj: you know... signalling. in order
to fly my guys
to conferences i need
to make decent cash.
xmj: i figured it'd be a sign of (costly) honesty
to put
the margin %
there
too.
nubbins`: we printed
that "hey rosetta" one in
the second row
bitcoinpete: or borrow
the money
to buy
the car and use
the cash
to buy btc
nubbins`: what i really want him
to spend his money on is stuff i can sell him ;p
ThickAsThieves: so you might say, ok bro you got
the car, maybe now get some btc
nubbins`: i
think he said he's pulled in $13k so far, hoping for $20k by
the new year
nubbins`: now,
to be fair, he's still making money
nubbins`: he made
the money when btc was > $1k
ThickAsThieves: i mean, somewhere in all
this bitcoining you buy stuff, and some of
that stuff aint cheap as possible
bitcoinpete: ThickAsThieves: what is
this "requires" business?
chetty: <bitcoinpete> $20k car is worth $15k
the next year// and all
the maintence costs and insurance and and
bitcoinpete: and i'd be shocked if his car kept more value in
that year
nubbins`: i
think if he'd done
that he'd be less happy now
bitcoinpete: nubbins`: did you
tell him he shoulda bought $10k of bitcoin instead?
nubbins`: he says he's made enough money off
those prints so far
that he was able
to buy a new car :0
nubbins`: he did a series of prints last year depicting a map of
the city cut up into different neighbourhoods, with
the name of each written on
top (it's a
thing people do)
nubbins`: i was
talking
to another local screenprinter last night
mike_c: i'm probably
the only idiot in here, but in case
there is one other: "3 indicates a "pay-to-script-hash" address
that contains a hash (one way fingerprint) of a script
that can be used for multiple
things including address obfuscation and multi-signature requirements."
thestringpuller: "game recognize game and you lookin' kinda unfamiliar"
translated: "we know one when we see one and you look like a scammer"
chetty: mike_c: Rassah:Mainly because
taking
to someone on IRC does't give you nearly as much information as
talking
to
them IRL, over beers, while watching
their nonverbal cues and cmmunication << uh, does
this guy know hom scamming works?//meeting pirate in person helped so many people figure
that one out
mike_c: fuck me,
that ehremum address is version 5! such futuristic
mike_c: i am
trying
to figure
that out right now.. i
thought
that was version number and we were still on 1.
bitcoinpete: i only
trust mike_c if address starts with
teh 3
bitcoinpete: mike_c: if you weren't in
the wot, i'd swear your quark support was a scam
ThickAsThieves: <+mike_c> you should link it
to x-bt /// i had
to hack
teh phpz, but it's done!
kakobrekla: <kakobrekla> funny, atc having most
txes per block. < guess mike_c is
to blame
fluffypony: becase confidence
tricksters don't exist, and even if
they did
they'd never know which non-verbal cues
they should be giving off
mike_c: i mean,
those are exactly
the
tools at
the disposal of
the scammer. misleading cues and communication.
mike_c: Rassah:Mainly because
taking
to someone on IRC does't give you nearly as much information as
talking
to
them IRL, over beers, while watching
their nonverbal cues and cmmunication << uh, does
this guy know hom scamming works?
kakobrekla: funny, atc having most
txes per block.
mike_c: duffer1 must have spent
time in a datacenter.
that cable routing is
tight.
fluffypony: unfortunately I have
to finalise
this
tender by CoB
tomorrow, and
there's stuff
that needs changing
fluffypony: I've now managed
to successfully choose
the photos I want for
the blog post
bitcoinpete: fluffypony: maybe people are pissed
that Draper didn't reveal
the USMS auction price on
the Colbert Report yesterday <<
this
theory should have its own blog post. maybe
tie it into
the baltic bitcoin conference one?
mike_c: you should link it
to x-bt
mike_c: i like how
therealaltcoin.org has a shopping cart button in
the header :)
bitcoinpete: BingoBoingo: I
tend
to
treat people in Bitcoin
T-shirts
the same way drug dealers
treat people wearing I <3 crack
T-shirts << lol !
bitcoinpete: Rassah: I'm starting
to suspect
the
things
they
talk about in private do not match
the spin
they put out in public... <<
trust
that gut
bitcoinpete: pankkake: i've met anthony irl
twice and we've
talked on
the phone before. but it's been... quite a while
pigeons: wow really
they are already
trying
to damage control
the 1% of
the press
they get
that isn't positive? and from a bitcoinpete (no offense lol) blog post?
pankkake: who do
those people
think
they are
bitcoinpete: fluffypony: saying "hi peter.
this is anthony di iorio. i was just looking at
that blog post. call me back."
bitcoinpete: when he remembers where his pgp keys went, i'll
talk
to him
bitcoinpete: at least enough
to get a phone call from ethereum fearless leader anthony di iorio
bitcoinpete: well my blog post on
the matter was fairly widely read.