log☇︎
661300+ entries in 0.417s
bitcoinpete: time to catch up on weird al...
bitcoinpete: with their own little movie industry and everything
bitcoinpete: bc wants to be like california and shit
bitcoinpete: benkay: <mircea_popescu> mike_c stop opposing progress and an end to oppression. // hey have you guys heard about this ICBC auto insurance monopoly in BC? << i think only bc is socialist enough to do this
mike_c: is mpex.co going to get fixed ever? or is it just dead.
ThickAsThieves: "Under the plan, fund boards would have the discretion to impose redemption fees of up to 2%, or to temporarily halt redemptions altogether, if their weekly pool of cash or cash like assets drops below the agency's required ratio of 30%"
ThickAsThieves: "Financial Stability Oversight Council, have said such redemption restrictions could spur, rather than curb, investor stampedes." indeed
ThickAsThieves: SEC Seeks To Install Ponzi Throttle
benkay: "The vote ends more than five years of struggle over how to address structural vulnerabilities in the funds that encourage investors to bolt at the first sign of trouble." LTCM anyone?
bitcoinpete: trixisowned: myeah. almost passed mastercoin exodus thing of 4740.6200979 BTC
trixisowned: just wanted to lol @ https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 together
kakobrekla: !up trixisowned
assbot: [HAVELOCK] [PETA] [PAID] 23.66675304 BTC to 1`149`988 shares, 2058 satoshi per share
assbot: SEC To Complete Rules Aimed at Reducing Money-Fund Risks - WSJ
bitcoinpete: "SEC To Complete Rules Aimed at Reducing Money-Fund Risks: Plan Would Allow Money Funds to Temporarily Block Investors from Withdrawing Money in Times of Stress"
assbot: [HAVELOCK] [B.MINE] [PAID] 1.81503056 BTC to 12`514 shares, 14504 satoshi per share
benkay: <benkay> actual programmers being few and far between. // not to imply anything about myself, ofc just a derpy webapp guy
assbot: BPS Research Digest: What the textbooks don't tell you - one of psychology's most famous experiments was seriously flawed
asciilifeform: but no. somehow altchain folks can only think of duplicating spam stock business model.
asciilifeform: !s turingcoin
asciilifeform: no shortage of possible experiments to choose from (e.g. Lamportian 67% theoretical maximum threshold (see 'byzantine generals') instead of 51; programmable work functions; a hundred other things)
bitcoinpete: asciilifeform: but that'll never get teh community on board. teh views!
asciilifeform: benkay: point is not that a hypothetical altchain created by thinking people would displace traditional btc, but that it is theoretically possible to build something that's at least worth thinking about.
bitcoinpete: Nassim N. Taleb @nntaleb · 38m Up to 19thC, people in the Levant changed religion to stay in the land. Today they change land to keep religion. (Druzes⇒Maronites⇔Shiites) << sounds downright civilized
pigeons: go isnt working at the moment from my location at least
pigeons: oh dont tell me mpex is still down from weeks ago?
benkay: and they can't "let go of banana" and write a real wallet, adding value to the ecosystem.
benkay: asciilifeform: even if they could reimplement the thing from scratch, it still wouldn't touch btc proper.
asciilifeform: if any of them took the trouble to write something interesting (e.g. system analogous to the original btc but of proper, rather than 'power ranger' quality) and resisted the temptation of premine shenanigans, etc. - but no. ☟︎
pigeons: hey mircea_popescu I havent followed, but i saw you are selling eth foward contract or similar. I wanted to suggest putting something similar on mpex, i think that would do well
bitcoinpete: asciilifeform: also how herschel tricked one of the channukah goblins. eggs in the jar iirc
asciilifeform: this is quite analogous to the altchain folks
bitcoinpete: Pierre_Rochard: why ty
asciilifeform: monkey reaches in, grasps banana, refuses to let go, sits there. until hunter shows up.
ThickAsThieves: Sexy Saffron better not tell reddit she's an mp employee
benkay: pankkake: yeah, i know what you're saying. this discussion hearkens back to a thing a wise old man harps on about how if you can have the patience to see past the next 6 months to two years you can make trades the rest of the market won't consider because they want 17%/annum *now*
bitcoinpete: hand in a cookie jar thing
bitcoinpete: ThickAsThieves: maybe if they were camgirls
ThickAsThieves: isnt that a Tom hanks movie?
asciilifeform: container with, say, banana, and a hole big enough for the beast's hand, but not if it holds the bait
bitcoinpete: asciilifeform: do tell
ThickAsThieves: maybe he can buy their love
asciilifeform: is everyone familiar with the proverbial 'money trap' ? ☟︎
ThickAsThieves: and it's an audience that hates mp, soooo, fat chance
pankkake: benkay: not my point, my point is about taking MP's offer
bitcoinpete: ThickAsThieves: they still need the patience tho
benkay: "quite high" sure, but are they going to go from .01 US per to 10k per?
princessnell: i love that it reveals the exhuberance
ThickAsThieves: i'd love for people to be buying from MP instead of the actual people
benkay: vb & co. imagine they're actually doing something, but they're just draining the wallets of latecomers
pankkake: if you look at similar coins, like nxt and ripple, they're still valued quite high
ThickAsThieves: i think the best part about the offer is it's potential to disrupt the live offering
benkay: it's just the whole "i missed btc, maybe this will make me rich" self delusion alllllllll over again.
benkay: i guess a hedge against ether going somewhere isn't such a bad idea, but it totally fails the good investments criteria.
ThickAsThieves: you could argue that the noob hypewagen is strong enough to carry ETH value above MP's offer
bitcoinpete: benkay: beats me, ask the *kids* buying the shit
pankkake: price is tempting regardless
gribble: Bitstamp BTCUSD ticker | Best bid: 621.01, Best ask: 622.87, Bid-ask spread: 1.86000, Last trade: 622.87, 24 hour volume: 2729.87411553, 24 hour low: 618.0, 24 hour high: 624.99, 24 hour vwap: 621.168150006
ThickAsThieves: i'd say you could almost short it if you bought real ETH, sold off-market for slight discount, then repurchased from MP, but you'd still be betting only on the availble spread, if price dropped below MP's offer, your short would be fukt ... even then they tell you cant do anyhting with the ETH til genblock is made... soooo
benkay: to take a long position
gribble: Rating entry successful. Your rating of 1 for user ThickAsThieves has been recorded.
bitcoinpete: ;;rate ThickAsThieves 1 drinks coffee, knows derivativespeak
bitcoinpete: "to short" sounds so much better than "to long"
benkay: it's almost like you use a real text editor too, bitcoinpete!
bitcoinpete: if that vernacular works...
ThickAsThieves: or, i think bitcoinpete is cool so i dont want to see him have errors in his shit
ThickAsThieves: for the motherland!
pankkake: wait, why the fuck are they callimg themselves ETH Suisse? I just remembered: https://fr.wikipedia.org/wiki/%C3%89cole_polytechnique_f%C3%A9d%C3%A9rale_de_Zurich
bitcoinpete: lol to the correction car!
ThickAsThieves: bitcoinpete says "Effectively, MP is allowing you to “short” ETH."
pankkake: I think that's incorrect too. it allows you to get a better price if you're long, or MAYBE short it as long as you think it's won't go as low as 2.5x less
benkay: who's claiming that he's offering a vehicle for others to short?
benkay: if mp's going short, how can you go short by taking the other side of his trade?
benkay: mp's going short, and offering to sell the thing to anyone at a future date below what it's selling for now.
ThickAsThieves: i still dont see how I get to short ETH by entering MP's future offer
benkay: 'cept the classic popescuian naked short
ThickAsThieves: so no way to short it
ThickAsThieves: some would have to lend ETH to short it
bitcoinpete: ThickAsThieves: they get more later
ThickAsThieves: but MP doesnt buy it til later
ThickAsThieves: they get more ETH for their money now
pankkake: there are tools to edit it, though
ThickAsThieves: bitcoinpete, unless i need more coffee, mp isnt allowing people to short ETH, he's allowing them to long it
benkay: <pankkake> unfortunately there's no easy way to remove an address from bitcoin-qt // delete from wallet.dat? or is that not actually a text file?
benkay: what, after all, is the point of a "database" if one's not going to actually organize data in a useful fashion within?
bitcoinpete: benkay: but for it being my first time on the wheel in a close to 15 years, quite well :D
benkay: this rescanning the blockchain thing is a total bitch, isn't it?
bitcoinpete: benkay: my hands are still stained from the autumn leaves glaze
pankkake: so the private key is now known to multiple people
pankkake: I gave the private key to MP at a time I wasn't sure I could even transfer the coins in a timely manner
benkay: <mircea_popescu> <pankkake> well, he has the private key, but I have it too. not smart :p << omg BingoBoingo WHAT HAVE YOU DUN NAO // yeah, i'm also curious as to what's going on here
nubbins`: i tell ya, worlds you didn't know existed
benkay: <chetty> <mircea_popescu> benkay: this is what happens when you let the wimmins manage projects without oversight << word, seriously. and you should see what happens when you let them manage kids w/o oversight.// yeah you get adults // team effort, anyone?
pankkake: “Return on investment”: that’s the phrase you often hear today when people talk about college.
ThickAsThieves: "Before he started college, he spent most of his time reading and writing short stories. Three years later, he’s painfully insecure, worrying about things my public-educated friends don’t give a second thought to, like the stigma of eating lunch alone and whether he’s “networking” enough. "
rithm: seemed safe to me
nubbins`: $65m to gaza & west bank
ThickAsThieves: well they didnt invent NSFW for sex workers
pankkake: $56M to Russia
assbot: Canada's Foreign Aid spending around the world | CIDP | Canadian International Development Platform