666000+ entries in 0.406s
mircea_popescu: coulda bought 3
teslas, duct
tape
them
together and just go everywhere and snub people
Rassah: I don't give a shit about
the environment. I bought it
to save money
danielpbarron: damn
that's an expensive way
to look like you care about
the environment
rithm: so clandestine
three-letter agencies dumping
the firewire, supermagnets, and a failed raid controller
Rassah: btw,
the only people here I know are Mircea...
Rassah: Conveniently,
the Prius was *exactly* 1,000BTC. Makes it easy
to calculate it's present BTC value
Rassah: And, btw, I was buying when it was $6,
then $16,
then $22, and
then continued bying all
the wa from $30
to $2.50, because I understood and believed in
the syste
rithm: someone linked me
to
the blog and i read paranoia and/or a failed raid controller
Rassah: Paying my mortgage off with bitcoin would be very stupid, because mortgage rate is 4%, and bitcoin rate is
ThroughTheMoon%
Rassah: at $22,
thinking "bubble." I was wrong on
that, but my car had 250,000+ miles on it and was almost dead, so *shrug*. I have never sold out any of my other coins. As far as anyone knows, I have lost
them all in a boating accident, or when I accidentally dropped my USB stick into an airplane
toilet and flushed it out over
the Atlantic
Rassah: I was an early adopter, I bought bicoin usin my OWN retirement funds (i.e. money slated
to go
to IRA and savings every week ended up going into Bitcoin).
Then I borrowed some more money from our HELOC
to buy a $30k BLF miner, I never preordered, waiting for
them
to ship, by February 2013
they still didn't ship, so I sold
those bitcins, paid off
the HELOC, and bought
this
http://imgur.com/ZGjrh4e instead. I bought at $8, and sold
ThickAsThieves: Rassah you can be like
Tesla and make a big deal, say you are open-sourcing your mesh network
tech
Rassah: Mircea, absolutely not.
That's not me
Rassah: Mesh network wallet, whether it is made my us or someone else, will be very useful, especally in places where electricity and internet/cell phone is spotty or unreliable (most of
the world?)
mircea_popescu: ThickAsThieves rassah is chiefly famous for having been an early adopter,
then having bought bitcoin out of some sort of a retirement fund w/o
the so's permission, right before
the climb
to 8 or something like
that.
then sold out and well, one of
the first people
to pay
their mortgage "because bitcoin".
Rassah: <Rassah> yes, it will is reply
to <mircea_popescu> well, mesh bitcoin wallet could be useful.
mircea_popescu: this is
the sort of
thing a megacorp a la sony can still botch.
mircea_popescu: this means millions of units shipped
the same day, launch day.
mircea_popescu: <Rassah> yes, it will <<
to understand each other, we're
talking millions of units in users hands before
the 1st unit shipped becomes usable.
Rassah: but we
think
the idea is neat, chea, and worthwhile
Rassah: He
thinks if it won't make him a million ad get him a fancy sports car, it's not worth bothering with
Rassah: We are raising money for Entropy
through Indiegogo because
this was an idea
that our devs came up with, and wanted
to get it done regardless of our owner's financial input.
Rassah: No,
the owner who came up with
the Bitcoincard idea, and started Mycelium for bitcoin stuff, is some super-rich Russian dude
Rassah: For now
the main product is
the Android Wallet
though. And
that Entropy
thing we're finishing up
Rassah: I beieve
the idea is
to get merchants
to use a "terminal" or sorts
to use our cards with, which will provide some of
the mesh. Once
the cards are done, we'll probably also sell solar powered radio repeaters, with no screens or walet, which should make
those dirt cheap
too.
Then you just glue
them
to
tops of
things
Rassah: Keep in mind,
this
thing, before it's laminated, is as
thin as a piece of paper. Battery included. (and all flexible, including
the display). Not much room or power for bluetoth
Rassah: No. Possibly RFID
to send signed
transactions out of
the device
Rassah: First version of Bitcincard will just be a hardware wallet. Later version, once we get newer battery
technology implemented (I
think carbon?) it will do full mesh networking, meaning you'll be able
to use Bitcoin without need for inernet, and if charged with solar, infrastructue of any kind
Rassah: No, we just got
the prototypes in
the office a few weeks ago
mircea_popescu: Rassah so it's a half-implementation of bitcoin-qt, doing only
the wallet part ?
Rassah: What's
the UVP of what? Mycelium wallet?
Rassah: Bitcoincard started as a mesh network based idea for a
text messaging device.
Then
the gy who was developing it found out
that it's perfect for a bitcoin wallet, ad switched directions, forming Mycelium
ThickAsThieves: i recall
them having a credit card gizmo with buttons on it
mircea_popescu: Rassah so whats
the uvp
there, convenience or something ?
assbot: Fact of
the matter is,
the infrastructure was not ready pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: this is just another way of saying
they don't matter, you're aware.
Rassah: Most of
the people I'm connected with don't have
time for it.
mircea_popescu: had you spend
the past year or w/e cultivating irc, instead of wasting
time on forums/skype/etc, you'd be in
the position of lolling at
the notion of a fiat bank.
mircea_popescu: this simply shows you're not well connected, and so mcdonalds level services (ie, bare minimum) are
the best you see yourself aspiring
to.
Rassah: I would
trust an established banking institution more
than an OTC
trader with 2 or 3 ratings. I would
trust an established OTC
trader more
than a bank
assbot: Bitcoin Is Great, But It Won’t Fix Our Monkey Brains |
The mlaut
Rassah: ThickAsThieves:
Trust in large regulated and audited body, supported by and in partnership with numerous banks >
trust in some anonymous stranger on
the internet
mircea_popescu: Rassah well, i linked you
to
the log.
thing is,
this right here is
the hot core of btc. you will have
to simply read
the logs.
ThickAsThieves: rassah, you can't remove
trust from
the sytem, you can only move it
to where you prefer
danielpbarron: Rassah, right; my point exactly.. you can't force Bitcoin addoption;
the common man will use Bitcoin when he is FORCED
TO by
the new economic reality
Rassah: Mircea, care
to fill me in on other
thins I've missed?
The "we don't need distributed xchanges ay more" is surprising considering MtGox died just 6 months ago, and BTC-e is questionable
danielpbarron: if I
think BTC is about
to go down, I have local associates who would probably buy it off me
today
Rassah: From
the way he described it, I
think he only wants it
to be a
temporary stepping stone
to make USD
to BTC
transition easer, and doesn't expect it
to last very long
danielpbarron: realcoin is not relevant in a post-fiat world; why even waste
time on such a notion
that only solves
the "problem" of mass adoption
Rassah: ThickAsThieves:
That's kind of my point
too
nubbins`: i like it when i
tell people
their artwork isn't big enough, and
they just scale it up in photoshop
Rassah: So, has it been long settled
that we don't need a distributed exchange? I missed
that memo...
Rassah: There's is another difference. Bitstant desn't have
the resources, or even interest, in getting
their Bitstamp dollars used by other banks
ThickAsThieves: the only difference between realcoin and bitstampdollar is you dont have
to use bitstamp
to
trade it, but you still need realcoin
to render
those dollars eventually
Rassah: According
to Brock, initially
trough his own bank/exchange, and hopefully eventually
through whatever banks support his system. So maybe yours. Since banks make money by charging fees
to
transfer money around, it may be difficult
to convince
them
to add a system
that lets
them
transfer
their own dollars for little
to no fee
though
Rassah: I'm assuming
that cryptocurrency
that exists on Mastercin is
transfered with private key signatures, and is permanent and complete upon
transfer, same as every other cryptocurrency. No chargebacks
ThickAsThieves: the logs are like chapters of
the book
they get punished
to read in Anathem
mircea_popescu: Rassah fiat does not become "digital currency" just because you'd like it
to.
mircea_popescu: the fact
that B. Fucktard P. wasn't here in 2011, because he was
too busy blowing 13year olds in back alleys
mircea_popescu: this is why people don't btc
to paypal directly, and haven't, since 2011.
Rassah: sorry about missing keys and
typos.
Rassah: Realcoin: you agree
to a
trade with a bicoin sellet. You create a ransaction
that
trades one of
the other.
The
trade is signed and happens at
the same
time
Rassah: #bitcoin-otc: you send a promise of dollars,
the seller escrows bitcoins. Dollars
take
time
to get
to
the seller. Once
they do, escrow releases coins
to
the buyer.
mircea_popescu: Rassah what do you mean "without
the need for escrow" lol.
Rassah: No, I mean exchage
that happens on #bitcoin-otc, but without need for escrow
Rassah: I have doubts
that banks and US reglators will allow it
to happen
though... but Brock does have some influence
Rassah: A dollar
that
trades directly on
the bitcoin blockchain, allowing for atomic exchanges between bicoin and dollar-value asset
mircea_popescu: Rassah
the statement is
typical of a desperate play for relevancy coming out of
the sort of idiots
that imagine claims matter.