660800+ entries in 0.442s
mircea_popescu: but anyway,
time for me
to get my
toes suckled.
tomorro.
mircea_popescu: perhaps you'd be well served by reading
the discussion on
the
topic.
the wot dun work as you may imagine it do\es.
Rassah: There are a lot of people in wot
that have never met in person
Rassah: and it's just as reliable (see pirate@40) whereby some people can be nice and known and
trusted, and
turn out
to be
total douchebags
mircea_popescu: you're on
the
thin ice of presumption. what makes you
think people on
the wot don';t kn ow each other in person ?
mircea_popescu: think of it as "not being in
the communist party" in moscow cca 1952.
Rassah: mircea_popescu: Most people I know are not in
the wot. Sorry, but
there is a whole separate "wot" out
there
that's not quite as... digital...
mircea_popescu: Rassah: I
thought he was? Etherium is run by a large group of people, including finance guys << none of which in
the wot ? catperson, puhlease.
mircea_popescu: decimation: web 2.0 is so poorly designed
that
this barely exists, instead of being a first class featue << muff said.
mircea_popescu: asciilifeform generally such detectors are valuable
to embarass.
dub: i've a perverse need
to
test newphones waterproofyness
mircea_popescu: decimation: everyone knows
that eastern europeans are going
to cheat and steal
the carp << i can attest, carp is huge in eeu
mircea_popescu: decimation: I
thought it was always native << you were right, it was.
mircea_popescu: asciilifeform you know making a hit is not as
trivial as it sounds.
dub fails
to quickly find pics of loomed 7*48 port fibre blades and gives up
Rassah: mircea_popescu: It sounded like you doubted my faith in bitcoin. Frankly I am offended.
The statement I made was lolzy and derpy beause it is essentially saying
that bitcoin will become so valuable
that it will be valueless, which is a logical contradiction, and yet I have heard
that statement countless
times over
the years
Duffer1: dub it's as far as i was willing
to go, not about
to rebraid each wire lol
BingoBoingo: Huh, I'm only running a .21 according
to
this machine
mircea_popescu: btw, let
the permanent rtecord reflect
that i am less drunken
than mthreat
Rassah: mircea_popescu: Wait, why are you
telling me
that bitcoin will work?..........
Rassah: That's
the most entertainingly dumb
thing I have heard. I wonder if anyone else has any others
Rassah: mircea_popescu: ??? I mean stupider
than
the claim I said
Rassah: By
the way, does anyone have a better (lolsier) reason for why bitcoin will never work
than "Bitcoin is deflationary, and will keep going up in price as people hoard it, until it becomes wortless?"
mircea_popescu: mircea_popescu: conventional munitions alarm << you mean, ears ringing? or smelled
the unmistakeable smell of
trotyl? or actual electric alarm? << no
there;s an actual alarm.
cazalla: he'll be
taking it in
the ass,
that's about it
BingoBoingo: HANDSofSTEEL: If you want
to
take both sides, BitBet is probably
the best
tool for
that
cazalla: Duffer1, i know
that feel, ocd cable management
assbot: imgur:
the simple image sharer
assbot: imgur:
the simple image sharer
HANDSofSTEEL: i actually
think
the
technology is awesome is what piques my interest
HANDSofSTEEL: then
that will be a good start for early investors
HANDSofSTEEL: well its catch 22,
the more on initial,
the worse
the entry price is, but
there is increased interest
Duffer1: haven't
they already received several
thousand perfectly healthy btc?
Duffer1: start well for who is
the question
dub: I expect
that it will, at least, not start well
Duffer1: etherum isn't going
to end well
assbot: A Guide
To Buying 5000 Ether/Bitcoin, 2.5x More
Than Ethereum’s Genesis Sale Offers | When Bitcoin Met Pete
BingoBoingo: HANDSofSTEEL: If you really want
to go long on ethereum, mircea_popescu wants
to go short. I'd advise reading up on ethereum criticism before doing anything rash
though.
kakobrekla: i guess it would be fair
to note
that
todays mentions are not parsed in search yet.
BingoBoingo: HANDSofSTEEL: Yeah,
the log are here and as kakobrekla Has blessed you with, search
HANDSofSTEEL: wanted
to see what
the overall vibe was like but i see
there are logs online
to look at
BingoBoingo: HANDSofSTEEL: What brings you
to
these parts?
Rassah: I
thought lawyers did coke, no pot?
dub: but we were
talking about cops
dub: Lawyers are
teh biggest pottheads in my experience
Rassah: sorry,
term is "fur suit," but I guess
technicaly costumes
Rassah: I used
to work at Disney World. People who wore suits often smoked weed, dropped acid, etc, because
they could always blame
the consequences on head exhaustion
Rassah: dub: Lots of suiters working at Disney World are like
that
dub: got a buddy who was basically high 24/7 on
the job
dub: BingoBoingo: not afaik,
they go for
the real deal
BingoBoingo: I wonder if
the 5-0 has an eu de meth
the can spray on
to be more convincing undercover
BingoBoingo: TheNewDeal: Smelled like
the more solid, you're going
to get addicted kind
BingoBoingo: I
tend
to
treat people in Bitcoin
T-shirts
the same way drug dealers
treat people wearing I <3 crack
T-shirts
BingoBoingo: So, last friday I'm at
the bar and my friends point out a dude with a Bitcoin
T-shirt. Suggest I start a conversation. I point out
that in
the best case
they are a stranger, and in
the worst case
they are some petty scammer I blogged about.
TheNewDeal: somebody just went
to
that bitcoin hippy festival called porcine or something
Rassah: Any of you guys ever go
to conferences?
BingoBoingo: TheNewDeal: Rejected
tx's happen on a scale.
TheNewDeal: well I didn't say empty. You said reject
tx's
Rassah: I don't keep NMC as mone, stre of value, or a
transaction mechanism. I keep it as "a cost
to register and renew a domain name"
BingoBoingo: Then
there's
the
tendency of NMC miners
to reject
tx's because it's just
their free bonus coin with purchase of BTC mining
Rassah: If
the demand for .bit domain names, addresses, and identities goes up, demand for namecoin will go up. Right now, it just says
that no one realy uses .bit
Rassah: Why do you need
to stabilize Namecoin? It's not money :/
BingoBoingo: Rassah: Being a plus
that can be mined on
top of BTC with little opportunity cost is a handicap.
BingoBoingo: TheNewDeal: Because what do
the Big BTC pools
that merge namecoin do? Almost uniformly
they dump it. Now...
there's enough NMC out
there
that a sufficiently well monetized party could stabilize
the market, but doing so would be expensive and bloody
Rassah: BingoBoingo: I'm interested
too. How so?
Rassah: decimation: K... Point is, regardless of what ether is ultimately worth, if
they do come up with a system
that's as usable as
they hope it will be, you could
think of ether is jet fuel needed
to run it. It won't be money, and, privately,
the ether guys don't seem
to want etherium
to be money either. Just coins you plunk into
the system
to keep it rnning
BingoBoingo: The merged mining
that saved namecoin now cripples it.
Rassah: decimation: What do you
think about Namecoin?
BingoBoingo: Well,
their biggest concern should be locating
themselves in friendly jurisdictions
that don't extradite.
decimation: the label "money" isn't relevant - jet fuel is eminently salable, whereas
the salability of ethereum is extremely dubious - and
that's
the property I was interested in specifying with
the word "money"
Rassah: Though not sure about
the ethics of
this...
Rassah: In summary,
they had an idea
they
thought was awesome,
they wanted
to spend a year working on
this awesome idea of
theirs, without having
to worry about jobs or income, so
they marketed
their idea
to bitcoiners who like dumping money into altcoins... Sounds like
they weren't dumb at all about
this :)
BingoBoingo: Among
the other
things Sonny V could go back
to jail for equities fraud is a leading candidate.
BingoBoingo: If you don't have anything
to deliver and you sell "whatevers"
the "whatevers" you bought constitute equity in
the concern