667300+ entries in 0.415s
mircea_popescu: decimation 50% are in cc hell. of
the remainder, 30% are in middle class hell (they have some money, locked away in iras, college funds, ss payments etc - all of which is as good as gone but nobody's
telling
them).
decimation: I suspect
the "wealthy" half has most of
their assets locked away in retirement plans, and most of
those plans don't allow you
to "invest" as you choose
mircea_popescu: How
to create a masternode? - Get a machine with a static ip
decimation: so
they cleary have less
than $0 net worth
mircea_popescu: ok, look at sweeden : by
that judgement, 231k mean 40k median, it is
the MOST inequal country in all of europe.
decimation: so, you are saying
that
the nasdaq data is inflated because of "paper house value"
mircea_popescu: also ludicrous : india 4k, china 20k ? heh.
the chinese aren't 5x ahead of
the indians just because
the chinese govt inflated a real estate bubble which delhi doesn't quite match
mircea_popescu: if you adjust
those numbers for real-real estate prices, you get about 90% ish of us peeps under 1k (which is also your error, or at least mine)
decimation: the median us adult is
therefore a debt slave
decimation: right, so
the median adult can barely afford half a median house
mircea_popescu: decimation roughly in
the sense darkcoin is worth 4 dollars per.
decimation: anyone who has ever been near
the DACH zone knows
that germans are rich as fuck
kyuupichan: Just finished paying for my whole Maldives
trip with BTC. Sorry
to keep
the downward price pressure on.
mircea_popescu: this
thing claims aussies are 50% richer
than austrians
cazalla: we also have inflated property prices out
the ass
BayAreaCoins: mircea_popescu Ok, I'll read into it and get it
taken care of.
BayAreaCoins: mircea_popescu ya I'll get on
that
this week. I have a
Thompson 1927-A1 coming in next week I can probably get listed and sold ASAP.
mircea_popescu: BayAreaCoins start with something easy, like getting in
the wot.
BayAreaCoins: benkay excuse me for getting stoned. Gotta give me a min.. I go
to bed and wake up everyday with my big boy spider man underware
benkay: mircea_popescu: of course it *can*. *does*,
though.
BayAreaCoins: No breaks please. Bust my balls with full force. It is all good. mircea_popescu. Decimation I
think
there are a number of places
that middle class americans already exchange BTC. I'm also not 100% convinced
that is why I'm interested in what you guys have
to say.
benkay: BayAreaCoins: you're going
to have a hard
time figuring out what'd benefit
the ecosystem when you don't even have big boy pants on.
mircea_popescu: this is
the internet. it does whatever you want it
to.
mircea_popescu: benkay i bet you 64.58.198.181 answers on all
teh windows ports.
benkay: or is it perfect because you've made everything you want
that you can imagine for it atm? //
this sounds like
the guy who asks "so do all of your friends use linux,
then?" when
told one occasionally counsels friends on not being retarded with crypto
mircea_popescu: that's kinda why you're stuck reading
the logs for a while.
decimation: Mr. Coins if you are convinced
there is a "middle class" of bitcoin users in
the us, why not start an exchange for
them?
BayAreaCoins: What do you guys what
to see next for bitcoin
that doesn't exist right now or is it perfect because you've made everything you want
that you can imagine for it atm?
BayAreaCoins: lol happy
to be
the first :P... it's what I do ;)
mircea_popescu: danielpbarron is
this
the first successful charge-for-up case ?
mike_c: just for
the record, sometimes
the supervison sucks.
mircea_popescu: ok, x11 is fucking dumb, for
the record. jesus it's scary what happens when engineers just start doing shit without any supervision.
mircea_popescu: so let me get
this straight,
this coin produces about 3/4 of
the bitcoins of a day, and
they're supposedly worth 1 bitcent each ?
benkay: had a great interaction with a human
today at a bbq: "what do you
think of all of
the other coins?" "you mean
the forks of
the bitcoin reference implementation with various knobs diddled?" "are
they--" "yes."
assbot: Darkcoin fails
to rise after latest hardfork failure | City A.M.
mircea_popescu: in case you didn't know
this... apparently darkcoin is a big deal. o.O
mircea_popescu: Is
there any community out
there,
that despite
the price crashes and road-bumps, stick
together in such a strong manner, getting stronger by
the day?"
mircea_popescu: Is
there any website even remotely close
to chaeplin's detailed network analysis, even for Bitcoin?
mircea_popescu: "Is
there any other coin
that has so many
talented individual developers backing up
the network?
mircea_popescu: dub: if you actually had a use for
this level of protection you could
trviially roll your own, would not
trust anyone else
to do so anyway, and be one of 7 people alive << your summary is approved. when do you quit your dayjob
to do ba logs summary full
time ?
mircea_popescu: the most recent examples of
this are of course mthreat's search and ninjashogun's whatever
the fuck
that was,
mircea_popescu: the former all started as in "you guise desperately need and ask for
this, here it is"
mircea_popescu: BayAreaCoins if you
take
the
time
to read
this chan, which you should in any case, you'll discover all
the respected/successful projects have
the same
thing in common, as all
the mocked/despised "entrepreneurs" in
their own characterisation have something else in common.
mircea_popescu: not distinguishable from
the process where dork figures out how his dream gf should look and
then proceeds
to
try and find her.
mircea_popescu: the process whereby you come up with "ideas" and
then look for applications is fundamentally broken
BayAreaCoins: is what it is. I know where not
to get clients for
the offshore idea :P learned something haha
BayAreaCoins: mircea_popescu I mean I ship my guns using FFL's and require permits
to
transfer snails across state lines :)
mircea_popescu: "However, I'm lucky enough
to not have
to have
that worry/fear of my government because I don't involve myself with a number of business
that one can choose
to be involved in around BTC"
mike_c: i meant
the bitcoin-assets stake currently being applied.
BayAreaCoins: mike_c Which stake are you
talking about
though, I generally have a number of
them poking me :P
gribble: Error: User doesn't exist in
the Rating or GPG databases. User must be GPG-registered
to receive ratings.
mircea_popescu: nam-shub_ 50
to 100k usd, in ba. quite overpriced yet,
they're sitll hoping.
BayAreaCoins: mircea_popescu it is decentralized. Dunno what else I could have in regards
to combating
that.
mircea_popescu: <BayAreaCoins> I was
talking about
that human mine able one. Hopefully it doesn't
turn into Child Slavery Sweatshop coin << srsly, "hopefully" is all you got ?
BayAreaCoins: asciilifeform lets say you are in SF and you're reading a book in
the Sci-Fi section... lol haha :P no but really.
BayAreaCoins: Correct but
the majority of people in
the world have 0 fucking clue wtf
the blockchain is and if
they do
they are scared of losing
their shit. Look at coinbase building
their "safe" wtf is
the point of
that! ;)
BayAreaCoins: dub
That was a extreme event
that was brought up by asciilifeform. I would venture
to say
that
there is a market for people who are looking for privacy and
the ability
to store value where
they want in
the world.
dub: if you actually had a use for
this level of protection you could
trviially roll your own, would not
trust anyone else
to do so anyway, and be one of 7 people alive
dub: anyone who is willing
to die and sacrifice family
to protect coin will be doing so without help
dub: theres
the small issue of
there being no market at all for such a service
BayAreaCoins: Divorces, blah blah blah you know
the shit
that happens in life
BayAreaCoins: I have
to be frank with you...
this is more for people who are looking
to get hit by some government entity such as PDR. I do keep my paper wallets in banks between California and Arkansas. However, I'm lucky enough
to not have
to have
that worry/fear of my government because I don't involve myself with a number of business
that one can choose
to be involved in around BTC
BayAreaCoins: That has
to be
the clients choice, but either way
the coins are safe at
the end of
the day.
BayAreaCoins: I believe it would need
to be set up
to were
the client can instantly send
the coins from anywhere in
the world, but actually has
to pick
them up in person or have someone who is part of
the "trust" pick
them up. (in case
the primary account holder dies ect.)