log☇︎
676000+ entries in 0.455s
decimation: if so, how many regulators in how many states have they met with? how many lawyers retained?
decimation: are they planning on actually making a real exchange on us soil?
mircea_popescu: what's their burn rate, or alternatively how long they got.
extra: any questions you want me to ask them ?
extra: i'm meeting the coinbase co-founders at a Q&A tomorrow
mircea_popescu: in the end, the fuck's the difference.
mircea_popescu: or invest your intelligence with the bezzle, 4% left in thirty years ?
mircea_popescu: so, the argument goes, invest your btc with rsm, 4% left in three years
mircea_popescu: and the THERE is the there of sachs.
mircea_popescu: no. i am pointing out that someone whose brain works quite well but who wastes his time THERE rather than hire makes piddly squat.
decimation: so to be clear, you are pointing out that someone who actually has original thoughts has a few bitcents, while sachs is raking in the speaking fees?
RagnarDanneskjol: Sachs is the Bono of economics - LOL
mircea_popescu: tlp makes less than trilema. that's my proof sachs = rsm.
decimation: interestingly it pops up in a link on the last pscyhiactrist's blog
mircea_popescu: http://blockchain.info/address/1Bbu9uvaNMWmAGj6sPF3edaA4u1wY2DLtZ know what this is ?
mircea_popescu: actually, i will readily PROVE to you he's exactly in the same category.
decimation: true. getting tenure in the us university is a nightmare, from what I've heard
mircea_popescu: notrly. they don't run any risk if they can help it. and besides, he was young once, he ran the risk of no tenure.
decimation: at least they ran some risk, he just collects his tenure pay
decimation: actually I think that's kind of an insult to the scammers
mircea_popescu: i mean other than running the markov chain apparatus of opinion.
decimation: are you propsing that Professor Sachs belongs in the same category as bitcoin scammers?
mircea_popescu: in those same other states it's illegal to present yourself as a "leading international adviser" while you're a sort of rsm.
decimation: the primary purpose of such laws is to protect corrupt politicians from being exposed, of course
asciilifeform: (the cpp version thereof)
decimation: mircea, in many US states it is illeagal to record conversations without both party's explict permission
decimation: "Of these speakers, Jeffrey Sachs, leading international economic adviser and director of the Earth Institute, is the most articulate in his explicit admission that we must follow the ideology of diversity regardless of what the scientific evidence says."
mircea_popescu: "Here's a transcript of an illegal recording not done by the NSA that therefore everyone is ok with, consistent with our new standard of conduct: it is not illegal to make an illegal recording as long as it is given to the media and they profit from it and we can use it to rationalize our lives. Got it." lulzy
asciilifeform made pet female play the 'game' shortly after first met. she beat the machine in about two minutes, by counting letters in words from memory, objects in surroundings, etc.
mircea_popescu: that thing doesn't look appealing to decisive action, but it does look insidiously like brain hacking.
mircea_popescu: (the better ones get hacked by better guys thus make offspring that suvives better)
mircea_popescu: asciilifeform males got selected for decisive action, females for an ability to withstand brainhacking.
asciilifeform: for some reason, it's mostly female names/portraits linking to it these days. maybe mircea_popescu can shed light on why.
decimation: I find the main human weakness w.r.t. generating randomness is a great aversion to repeated outcomes
asciilifeform: https://twitter.com/keystricken/status/481292361180258306 << that old rusty gizmo, still generating lulz
assbot: Council of European Canadians: The Great Fear --- Why do Whites Fear their own Ethnicity?
assbot: Sportsbet stops offering odds on Metro Trains | Crikey
mircea_popescu: RagnarDanneskjol that's what i do all day anyway :D
asciilifeform: american apparatchik gets a bag of bezzlars, 'his' to use to 'buy' manhattan penthouse. but same purpose as dacha near moscow issued to a similar creature
mircea_popescu: that'd be the exact antithesis of power.
mircea_popescu: RagnarDanneskjol think you know someone wanna do http://log.bitcoin-assets.com/?date=14-06-2014#718932 ? ☝︎
asciilifeform: bureaucrat gets fellated in various little ways, in exchange for... a readiness to get down on his knees, ready to please.
asciilifeform: the notion that you can somehow be rich without being powerful << actually the u.s. system is quite like the classical soviet world of 'special access' groceries, gov.-issued dachas, official limousines
thestringpuller: damn transaction scripts are hard to grasp at first
mircea_popescu: the notion that you can somehow be rich without being powerful is perhaps the lulziest part of the bezzle system.
mircea_popescu: ok, quite splendid. the us is chock full of supposedly rich people who are about as powerless as a random south american whore
mircea_popescu: d NOT being able to do anything with it except spend it on the system-wide approved gimmicks: Trading Up, college educations, the National Bank of S&P 500.
mircea_popescu: Why would the The Economist's rich and powerful demo want to be ruled? Because they aren't powerful, only rich, all that time getting rich did not translate to any power, only the trappings of power. So they've postulated a fantasy power structure/NBA owners that explains why they can't enjoy their lives as they think they should-- to absolve themselves of the guilt they feel for having money/intellect/opportunities an
assbot: Redditor lost ~$20,000 worth of bitcoin due to insecure wallet generator. /u/BtcRobinHood steps in and return the money to its rightful owner. : bestof
moiety: brb, imma actually have to add a pic on reddit to post.
alecpap: kakobrekla, thanks
RagnarDanneskjol: tell him to try airwallet [disclosure, its hosted by me]. doesnt seem wise using appstore wallets as they might disappear tomorrow
dub: friend wants to accept buttcoin but suffer appleblight
benkay: k nm saved by the market
dub: clearly I dont have an iphone to check with
benkay: man okay guys talk me off this cliff
dub: is there bitcoin for iphone yet?
mircea_popescu: "If I had to put my chips and my children against an 8 year rotation of civil service nincompoops vs. some nerd with an open marriage who spent $15M on a "bachelor pad" so he could score chicks of questionable emotional stability, I'm going with the group my private sector lawyers have an outside chance of pwoning."
mircea_popescu: at least from the supposedly secret usg employment rolls i've seen to date.
mircea_popescu: im pretty certain fewer women work for the nsa and generally for the us secret service community than for silicon valley firms
mircea_popescu: tlb brings a good point. how come in the war between spooks and techs, it's the TECHS that get accused of being mysogynistic ?
benkay: linguistic transform
benkay: fn cult i tell ya
benkay: they just reinforce the same set of tired old mantras
benkay: disregard them greencabbige it's an echo chamber
mircea_popescu: if this club is littel i shudder to think what bigness looks like.
Mats_cd03: and consider the cacophony of voices insisting you're fucking wrong.
Mats_cd03: greencabbige: because mining now is a net loss. i hope you come back to this conversation when you have toasted your runway
greencabbige: ok if oyu're all gonna tag team on me with your littel club I'll just leave then should and carry on. We don't need any new money. we're currently in the strongest position we've ever been.
assbot: Seinfeld: No Resources, No Skills, No Talent, No Ability, No Brains. . . - YouTube
mircea_popescu: i think seinfeld has the answer to that.
greencabbige: ffs getting tired of this shit now. for a start if we sell it on ebay then people can buy it with a credit card to gety into a bitcoin. one of the only the ways to get in to bicoin safely with a credit card. Why all the attacks?
assbot: FU all you trolls and doubters where are you now??????????/ | Page 2 | Bitcointa.lk
mircea_popescu: https://bitcointa.lk/index.php?topic=271494.msg2909807#msg2909807 << for that matter here you go, august 2013.
Mats_cd03: GL finding a bagholder, that will surely be a feat of strength if you can manage it again
mircea_popescu: that it can't be, as the charge was levied back in 2012.
greencabbige: i hardley now the guy, I met him once briefly
Mats_cd03: if selling burned gear is how you anticipate roi, you're in for a bad time
greencabbige: news to me
mircea_popescu: greencabbige so is it true that nefario used you to launder all the fraudulent claims he made for various holdings on his own exchange after he closed it down ?
greencabbige: ok if you really wanna know with all our old gear we've sold it on ebay for more than we calcualted we'd a flogged out of it in the endz
mircea_popescu: but that's a social club
kakobrekla: only 65% loss there.
benkay: four hundredths your money back in two years!
greencabbige: ffs matt do you think I can't use a calcualtor or know anything about any of that sh~t I've been hear since 2011. So aint even gonna answer that.
mircea_popescu: also i am noticing in disbelief i missed out a 0. it's not 0.015 to 0.006 but to 0.0006
benkay: <asciilifeform> 'the morel [sic] equivalent of opening other peoples physical wallets and taking the cash found within.' << more like digging out a bag of gold some anonymous idiot buried under park bench // or...morels
Mats_cd03: whats your plan when hash goes to 1000ph and all your gear makes fractions of a penny?
mircea_popescu: this would be the epitome of do it yourself finance / citizen dentistry.
greencabbige: during a bubble all the current in stock gear that won't roi will easily roi
greencabbige: better than fu~k all if you ask me
kakobrekla: why am i hearing dollars, who said that?
greencabbige: no we can get 200BTC by next year and bitcoin could go to $5k. We have a cool $1million to play with then.
Mats_cd03: if you want to be in the black a year from now, sadly your best play is just to take off with the funds
asciilifeform: 'the morel [sic] equivalent of opening other peoples physical wallets and taking the cash found within.' << more like digging out a bag of gold some anonymous idiot buried under park bench
greencabbige: $80k in the wallet
greencabbige: I think our intial seed funding from the orgianlly IPO was about $2.5k we now about 480k in bitcoins alone, a server, 5TH/s and a 30% depsoit on 1(GH/s) of scrypt.
bitstein: Both of them.
mthreat: bitstein: thx
greencabbige: we've been on three exchanges now everything is fully recorded in our old thread. yes i have loads of old spreadsheets. Although the accounts guy didn't comne on board until last summer We orginally raised 200BTC in early 2012 then 120BTc last summer.