log☇︎
66600+ entries in 0.851s
diametric: Technically USD you made illegitimately would be taxed as income, just as any other illegitimate sale
mircea_popescu: the consensus in the harem seems to be that these chechen boyz (as typified by todashev) sure are pretty
asciilifeform: blackwhite: no such thing. the decree sums to 'as taxable as cement'
mircea_popescu: as opposed to, "how do i make money ?" "like this"
asciilifeform: i was assuming that the proposal is about bitbet as it currently exists - where bests in the style of 'boxing match' are heavily represented
mircea_popescu: (trivially, your curiosity as to what's inside a watch isn't worth the pirce of a watch)
blackwhite: so regarding the bitcoin as property. What does that mean if I get bitcoin for the work I am doing?
wao-ender: I suggest it as milion dollar idea w/o one dollar, that one dollar you already have in your pocket
mircea_popescu: course, i think they were talking of something else. inasmuch as there can be "something else" in the swamp.
mircea_popescu: Duffer1 as someone said, "not even worth laughing at"
ozbot: How to have fun as an intelligent person pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2014/how-to-have-fun-as-an-intelligent-person/
pankkake: nubbins`: why isn't "over" the same as "more than"?
nubbins`: they now allow "over" as a synonym of "more than"
mircea_popescu: seems to me the only sane treatment of btc is as any other intangible, taxable only upon realisation.
thestringpuller: If you receive BTC as a gift doesn't a different tax apply?
thestringpuller: What determines receiving BTC as payment?
asciilifeform: ianal, but nothing shocking here - usg is treating btc the same as gold, cement, bags of xxxxx good
ozbot: IRS declares that bitcoin will be taxed as property — Tech News and Analysis
blackwhite: http://gigaom.com/2014/03/25/irs-declares-that-bitcoin-will-be-taxed-as-property/
mircea_popescu: ie, here's a very simple way to have fun as a bright young programmer :
mircea_popescu: anyway, 5.x btc profit on a 70ish btc budget as a handicapper is really not that bad.
mircea_popescu: 1. take first 3 bets. 2. exclude one. 2.1 either the 1st, if it has the same exit addy as one of the other 2, and the two have same weight, or else the 3rd.
ozbot: Local artist using Ellen DeGeneres portrait as a face for pro seal hunt - Entertainment - The Telegr
nubbins`: http://www.thetelegram.com/Living/2014-03-25/article-3661866/Local-artist-using-Ellen-DeGeneres-portrait-as-a-face-for-pro-seal-hunt/1
mircea_popescu: mike_c the one you exclude a) always has the same output as one of the remainder two and is either made at weight 100k
asciilifeform: pankkake: helps to remember that there is really no such thing as a digital circuit
BingoBoingo: I'm still iffy on the whole NBA thing. Might as well open a bet on who wins the whole Wrestlemania thing.
the20year3: Got a email back the 13th from the bank saying "We are ready to close" , the contract's closing date was the 24th as requested by the bank. 24th has come and gone and still no closing
kakobrekla: or without xyz as well
nubbins`: you'll find a lot of crumb fans do as well
asciilifeform: http://www.bloomberg.com/news/2014-03-24/banker-suicides-leave-industry-concerned-as-coroners-investigate.html
nubbins`: mircea_popescu: as it happens, the best i've tried has been white-on-white (no design at all)
Mats_cd03: as i understand it, the best market are the sr clones
davout: didn't know gox hosted some pastie-clone as well
Neil: So as a prospective investor, given the terms, I'm thinking "Where can this go, how can it expand?" And it seems limited. Which may not be a bad thing.
Neil: But as a random Joe sixpack reading the specs, and not knowing who you are etc., it's not really clear how bitbet can evolve, indeed even if it can.
mircea_popescu: the correct way for this to work would be for someone (respected and competent as a bookie) to start a fund
mircea_popescu: can't do that as a zero asset corp.
mircea_popescu: as he should. all is well.
mircea_popescu: you can take most of that out on the market as is.
mircea_popescu: i suggest you make a bitbet, as you describe it, and ima bet a little myself.
asciilifeform: 1987: 'Eventually, Rust saw Moscow. At first, he wanted to land in the Kremlin. But then he decided to try to land in Red Square, which was full of people... Rust was soon arrested, and convicted of illegally crossing the Soviet Border, and "hooliganism." He was sentenced to four years in prison. The case caused quite a stir in Russia. For a while, Red Square was jokingly referred to as Moscow's "third airport
mircea_popescu: can't say as a ido
nubbins`: asciilifeform: i always questioned why spammers thought I'd consider an email hawking "v1agr4" as a legitimate source for prescription medication
nubbins`: The bet resolves as YES if the man in the bank is wearing a green shirt
mircea_popescu: unless i'm doing this badly, should the bet come out as yes he's making ~300 btc
nubbins`: The bet resolves as YES if 1K4Fs will lose on his two-way bet
Neil: I'll just say that, watching bitbet for a while, as I have, I feel waiting pays. It is my belief that it would benefit from faster decay.
mircea_popescu: just as long as you don't wait more than 4 days
mircea_popescu: inasmuch as we're asking the same thing lol, youcan do both at a time
VanCleef: Is Russia ready to cut up its plastic? After Visa and MasterCard stopped processing some Russian transactions in response to U.S. sanctions, Moscow says it could launch a homegrown payment system that could be ready in as little as six months
mircea_popescu: romania doesn't give a shit, as a general policy
benkay: interesting how RENT performs as it converts its BTC-denominated assets to USD-denominated assets.
MisterE: so you have to shore up your bets as it comes close to closing time for them
mike_c: everybody is going to get in on that proposed NBA finals bet as soon as it's approved.
benkay: pretty sure that's the first thing i learned when i started working with javascript as a matter of fact.
MisterE: benkay: I understand that as the first few people who are in share the winnings
mircea_popescu: perfectly legit way to make cash. liquidity providing, as it were.
radan: consider that the purpose of a business (from a societal, not individual viewpoint) is to keep as many people as busy as possible
MisterE: this is the news I'm talking about ThickAsThieves http://www.bloomberg.com/news/2014-03-24/bitcoin-swaps-near-reality-as-tera-group-forms-legal-framework.html
mircea_popescu: ;;later tell MykelSIlver it makes relatively little difference what software bitbet.us runs, as webserver doesn't really hold coins anywya
ThickAsThieves: "The first way is as follows, since 80% of the Icelandic population is on Facebook, Icelandic citizens will be able to claim their coins simply by logging into Facebook through a gateway."
ThickAsThieves: referring to diff futures etc not being the same as USD btc options
ThickAsThieves: undeliverable isnt the same as non-deliverable
blackwhite: Apocalyptic i get how it works and nothing prevents them from removing a lot of small amount other than that kind of consitution the same as a large amount. If they have to do it over a month then I would most probably know.
ninjashogun: It's interesting though that the exchanges are behaving as the early unregulated banks did. Complete with bank runs :) (According to the quoted Vircurex text - "https://vircurex.com/welcome/ann_reserved.html")
ninjashogun: It said "We will get back to 100% reserve bank, owning as many bitcoins physically as people have on account. To get back up to that level we will take the profit from our operations and use it to build up the fractional level."
ninjashogun: (as are in YOUR accounts, I mean)
ninjashogun: It could have done something even stronger: "We will now be fractional-reserve, the way all banks in the United States have operated for 100 years. We will not hold as many bitcoins physically as are in our accounts - nor make up the deficit."
BingoBoingo: Run by the same operator as cryptostocks
CheckDavid: Now of its valuable , that's subjective as all value is
Mats_cd03: (useful for e-voting as per prev. discussion, and maybe even useful for reducing the size of the blockchain in the future)
ozbot: BitBet - Bitcoin to surpass Berkshire as an investment
radan: http://bitbet.us/bet/786/bitcoin-to-surpass-berkshire-as-an-investment/
deadweasel: in fact: http://trilema.com/2013/bitcoin-as-replacement-for-the-electoral-system/
deadweasel: i love these two lines from http://trilema.com/2013/bitcoin-as-replacement-for-the-electoral-system/
deadweasel: mircea_popescu: "This then resolves the problem statistically, which is to say on average and generally speaking, people are unlikely to engage in morally hazardous behaviour. It also resolves the problem quite cheaply, as it requires absolutely no human intervention, the entire thing works quite mechanically."
blackwhite: the main thing is how do you keep the actual vote secret, where as you want the actual vote event public
punkman: or this, http://trilema.com/2013/bitcoin-as-replacement-for-the-electoral-system/
mike_c: my frustration today: it doesn't matter that python is slow as dirt, until it does.
ninjashogun: does anyone know why recruiters (headhunters) don't share their bonus with their successfully placed recruit, as a cash payment (/incentive)? Especially where they make a large commission?
ThickAsThieves: "Under the swap–known as a “non-deliverable” forward because the contract is settled in cash without the need to deliver bitcoin–the parties agreed to pay each other in the future a certain amount based on the values of the two currencies. "
Apocalyptic: would like to know the source as well TAT
dexX7: "For me as outsider it looks like jimmothy is a paid shill/troll from an competing Bitcoin investment plattform.
nubbins`: might as well try to ddos amazon
ThickAsThieves: as a gem, maybe
mircea_popescu: well i hadn't been doing business with actual romanian corps (as opposed to foreign run subsidiaries) for a decade. i had not been hiring romanians. for the past year i've not been writing in romanian, either, which means i don't even read the press
mircea_popescu: if they average 3% over the next 6 years then they made the 18% in question as it were
VanCleef: why are people buying asicminer? may as well keep sending coins to gox
benkay: ah nm, that's basically as good as it gets.
VanCleef: is 10 thousand billion the same as 10 trillion dollars?
benkay: as soon as i crack that drive i know satoshi.
radan: your guess is as good as mine
radan: the fed decides what USD will cost on a given day, as I understand it
Mats_cd03: i was clean shaven and employable as an IT consultant/pen tester once, now im self employed
TestingUnoDosTre: Used to smoke after work and listen to the original, the RAC mix, and this Easystar version as well https://www.youtube.com/watch?v=Axs8-9u5qbY
TestingUnoDosTre: Pretty lights also has a lot of stuff where the lyrics are kind of morphed so you don't pay attention to them quite as much, but some if it's a little dubsteppy / up tempo
MisterE: www.wired.com/dangerroom/2011/06/shipbuilder-blames-navy-as-brand-new-warship-disintegrates/
benkay: "It was said that the boat could have been made as good as new by putting on a new steel bottom, but that apparently Mr. Cochran preferred not to do that."