log☇︎
68200+ entries in 0.883s
mjr_: i do as well
cerelenius: dignork: enough for it to be used as settlement without having to go through shit like bitpay
mjr_: it is JUST as illiquid as it was in 2009
cerelenius: bitcoin is too illiquid to function as anything other then a speculative tool, in terms of money in only functions as such in cybercrime for example because there are NO alternatives.
mjr_: same as the dollar yes
cerelenius: and the saleability decreases as you keep moving
mjr_: treat it as debt if you like
cerelenius: misterE: as bad as the USD is it will be the last currency to collapse
MisterE: soon as oil is denominated in another currency the jug will be up
MisterE: in the end we'll knock 4 or 6 zeroes off of the end and it will be business as usual :p
mjr_: as long as i have some, who cares
mjr_: same as dollars
mjr_: dollars are USED as tokens
mjr_: as tokens
mjr_: or rather...i should say that in our accounting system, a receivable is listed as an asset
mjr_: in which case i would like to borrow as much as i can from you
cerelenius: an early adopter or large coin holder just has to sit and do nothing, as everyone else "adds to the ecosystem" their coins swell in value with next to no risk, and they didnt even have to hire labor lol
cerelenius: as their coins swell in value
cerelenius: apocalyptic: bitcoin as a currency resembles a sophisticated wealth transfer scheme, those who have more of it benefit from the work of everyone else
Apocalyptic: <cerelenius> in bitcoin you will never be able to have a functioning credit market // as said above, it's not that bad
cerelenius: in bitcoin large holders have to do nothing, becuase as the armies of fanatics spread the gospel and do all the work, the largest holders get all the purchasing power transfered to them
cerelenius: thats what occured in florence as well, you had the biggest prosperity ever yet they ended up imploding since the commoner couldnt afford to run a family
mircea_popescu: physics tho, yea, as jewish as communism.
ozbot: As a white male, thank you for making me feel awkward ESPN.. - Imgur
davout: lol, don't see me as french, i'm half dutch, half nigerian
mircea_popescu: basically the french strike me as the sort of people who'd be in favour of a government accuplation scheme.
mircea_popescu: no difference, inasmuch as you run both.
davout: nah, i said BC's vwap, which you understood as x.eur's vwap
nubbins`: not quite as tongue in cheek as this: http://cdn.rt.com/files/news/22/c2/70/00/rings.si.jpg
ninjashogun: guys I've received some suggestions to "lurk" and "read logs" here, which I wouldn't really have time to do. It was nice meeting you all though and I may be back as the project progresses. Overall I don't think I will be spending a ton of time building WoT, advisors, etc - as I have real-world references for the moment that I would expect anyone to consutl.
ninjashogun: mircea_popescu, when you said above that this channel was worth "over $1b" I didn't takei t seriously as if it has like 500 regulars then just a couple of people worth $50M - or a single Internet billionaire who drops in sometimes - would account for that
Namworld: Withdrew it at a 10% cut as soon as issues hit.
antephialtic: wait it does? I'm running osx with gpg from homebrew and it doesn't have ecdsa as an option
mircea_popescu: joecool im suspicious as al lfuck of the entire thing.
mircea_popescu: http://trilema.com/2014/la-firma/ << perhaps see that as a primer.
ninjashogun: mircea_popescu, it doesn't matter if they're worth $10M altogether or $10B. As long as at least one person here has a portfolio and is interested in startups
nubbins`: as cheeky as that sounds, you're actually onto something there
copumpkin: mircea_popescu: well, there's an obvious interpretation of a square matrix as a graph
greenspan_fan: but I always conceptualized pagerank for instance as being essentially graph theoretic in nature
ninjashogun: So just to put this in context I have just connected this week with the other mathetician I am creating this site with, so it is a very fresh startup opportunity. To whoever asked about the means of investing, standard terms as you would suggest based on hearing abou thte opportunity etc.
ozbot: How to recover your money as a small time investor with funds in mtgox
mircea_popescu: a large chunk of the way i designed mpex is so as to empower people to grow their own stuff
copumpkin: joe shmoe mined 10000 coins on his old laptop in 2009 as a joke
mircea_popescu: ThickAsThieves inasmuch as one intends to measure sophistication, bitcoin holdings alone would show on the historical record an insufficient measure.
mircea_popescu: but yes, as the j man says, nothing keeps you from doing brokerage for any market segment you identify and think you can serve.
mircea_popescu: there is such a thing as eternal truths.
greenspan_fan: at this point idk whether it's positive (as a mark of differentiation) or whether you're losing business because it seems like it's pre-1999
nubbins`: ah, bc.info has edited their statement as well
Bones_: If everyone was in here, then we wouldn't make as much money?
greenspan_fan: bitcoin becomes the national currency of ecuador and he flees britain as a citizen
mircea_popescu: i just tried to log into twitter as mircea popsicu
ThickAsThieves: My brother met domain broker Joe Politzer in Singapore who got excited about gox.com and then I said he could try to sell it if he wanted. He called Karpeles and Gox to find out if they wanted it and immediately they expressed pretty strong interest. I’ve asked Mark if it’s ok to publish details (no response as yet).”
cazalla: would this resolve as yes if they rebrand http://bitbet.us/bet/751/mtgox-out-of-business-in-2014/
ThickAsThieves: On February 21, 2014, Andy Booth was listed as the domain name registrant, according to a historical Whois record.
Bones_: I'm thinking more like yakuza as you said
ThickAsThieves: hmm i'm just realizing that last i talked to my brother he was using gox as a wallet
nubbins`: "at least some" might as well be "none"
nubbins`: now it's all left as an exercise to the reader
nubbins`: honestly, i think this selkis guy completely fabricated the pdf and associated "story", for whatever reason, but then it grew legs, people started panicking and issuing statements, so gox (who knew it was only a matter of time anyway) decided now was as good a time as any to give it up
gx: mightve been written in haste as an initial draft
Apocalyptic: as unreal as it may appear, I think the doc is legit
nubbins`: but as i mentioned in -otc:
greenspan_fan: but if it is a hoax, and one of those 'startup ftw!' jackasses made it, then they might be sunk as well
nubbins`: as is the "we are a bunch of cunts who shouldn't be in business" line
greenspan_fan: of course, the rebranding as "gox.com" is hilarious, too
nubbins`: "The reality is that MtGox can go bankrupt at any moment, and certainly deserves to as a company"
greenspan_fan: or there really is a consulting firm as lousy as mt gox is an exchange
Bugpowder: as the mt gox green address passes it the coins several links up the chain.
mike_c: it basically means i can't give up the odds the weight is laying. the weight being the decreasing odds that bitbets offer as the bet goes on
nubbins`: not sure there's such a thing as a perfect analogy here
thestringpuller: mircea_popescu: no longer accepts btc as payment, only females
thestringpuller: you must send mircea_popescu one female as tribute though for future questions
Rod: Mircea, I'm gonna set up a wallet and Ill tweet you when it's done. Probably later this week as I am traveling some over the next few days.
nubbins`: havelock goes down for an hour and the bet resolves as yes
mircea_popescu: as the hash doesn't carry the entropy iirc.
kakobrekla: We believe that CryptoCurrency is the future and the foundation is being set now. We are making a conscious intentional effort to collaborate with other leaders and pioneers such as yourself to bring CryptoCurrency to the people it benefits.
jurov: we have "ch" as extra letter
kakobrekla: is that "8 absofuckinglutley the fuckin same as Đ" in php?
asciilifeform: reminds me of a cracked copy of ms-vb i saw as a kid, registered to 'ňäáíé'.
mircea_popescu: It runs on [...] demineralized water as the moderator
asciilifeform: for anyone who doesn't know the score re: 's.nsa', i personally only earn anything if the product works as advertised and is well-loved.
mircea_popescu: anyway, as to the direct question, yes.
mircea_popescu: but as a rule of thumb, it opens up the agent to all sorts of liabilities.
pankkake: oh, dota as day of the dentacle. not the other gayme
mircea_popescu: "small captcha-for-btc transaction". Two months later MP gave him a rating as a "python dev". MP also has a rating from
mircea_popescu: as they trusted you and your secret contract to protect their legitimate interest in the matter.
mircea_popescu: at the very least as about five different torts.
kakobrekla: as much as goat is not related to pirate
kakobrekla: you might as well run PPT i guess?
mircea_popescu: as anyone reading can attest, this chat is the randomest thing on the planet.
mircea_popescu: oops sorry guys i accidentally posted as diametric
mircea_popescu: cause he had irc logs as evidence!
mircea_popescu: "mp is ousted as pankkake/crumbs. bitcoin plunges"
mircea_popescu: "The information & proof has now all been given to the buyer to do with as they please (legal action) - (see below), now with their consent I have the approval to post the identity of this Troll."
thestringpuller: mircea_popescu: random as shit question. does romania have skateboarding?
Apocalyptic: silly as in overvalued ?
mircea_popescu: it's kind of funny that US govt official policy back in the 80s, such as "government is bad generally and big government worse" etc is today regarded as fringe opinion.
ThickAsThieves: "Paying 30 btc to get access to trading on mpex would be a huge misstake for 99.99% of all people, especially as some got access to that for free in the beginning."
mircea_popescu: the20year you're now ready to work for NBC as a social media, tech and start-ups specialist.
the20year: I heard that Bill gates is buying AOL out and if you have AOL and windows they will pay you $5,000 as long as you forward the message