log☇︎
683700+ entries in 0.471s
mircea_popescu: how else would they sell it lol
kakobrekla: how else would they be 50%
mircea_popescu: of course they sell it at aloss to the users
pankkake: what do you mean? they sell it to users, probably at a loss (for the users)
mircea_popescu: pankkake but derps want to be part of it EASILY
kakobrekla: so if you dont find block your payouts will still be too irregular and you cant do pps
pankkake: the solution would be to stop buying that crap cloud mining!
pankkake: the difference with ghash.io is that most of their hashrate is also controlled by them
mircea_popescu: o that mixed system, ok.
kakobrekla: pps is too dangerous imho.
kakobrekla: and then spread the blocks found over x rounds
kakobrekla: now everyone is on rounds that last x of time
mircea_popescu: i thought the earlier 200 btc scandal was over pps
mdev: if ghash abuses everyone will know and they'll be done, they don't control the users hardware anyway
mdev: BingoBoingo that's an interesting point, and bitcoin is still standing
mircea_popescu: kakobrekla talk to me like im 5
BingoBoingo: mdev: It's why going back in the logs and the older parts of the forum is valuable. Many of these things happened before.
assbot: To all of the deepbit whiners.
kakobrekla: prolly better to own gear than coin in such case.
BingoBoingo: kakobrekla: Well starting a pools takes a lot of coin which really limits the number of people who can do it.
assbot: For the love of Bitcoin, Stop mining at BTC Guild! - They'll control the network if they reach +50% : Bitcoin
kakobrekla: x<BingoBoingo> Pools rise and fall. < thats true but its incredibly hard to start one these days
pankkake: mircea_popescu: oh no it was for a bit too
mircea_popescu: of these three, exactly one did a hardfork
mircea_popescu: pankkake btc guild somehow never was the big bad guild
pankkake: ooh I like that schoolgirl
mircea_popescu: http://38.media.tumblr.com/8fd9b97f80422c9c193d76beaf90983b/tumblr_n5dh15jV3l1s9e2ofo1_500.jpg schoolgirls too.
pankkake: also, remember when Deepbit was the big bad pool? reddit was all over it too
mdev: bitcointalk btw has some of the same mods, at the very least gmaxwell is there
mircea_popescu: BingoBoingo lol what's that, 4% ?
mdev: I been banned in there a lot, in the past some ops agreed the ban shouldn't have been set but didn't do anything to lift it!
mircea_popescu: <mdev> them at the helm that insult and put down everything, from andreas, to blockchain.info, to /r/bitcoin to altcoins, list goes on and on << you know this sounds like cheap copying -assets :D
mdev: I talked to another op in private about it, and lol...that channel is just not good with them at the helm that insult and put down everything, from andreas, to blockchain.info, to /r/bitcoin to altcoins, list goes on and on
pankkake: like bitcointalk. wonderful. that's the tool of scammers.
pankkake: stealth ban = ban but the mod stays anonymous?
Apocalyptic: fluffypony, no, he's actually clueless and a time waster
mdev: I was having a disagreement about private companies being forced to disclose income, with various other users, and a bitcoin op stealth banned me(used a bot), for apparently a month
pankkake: keep in mind 51% attack = 51% *attack*. bitcoin relies on the majority of miners being honest
BingoBoingo: mdev: Ghash fucks up, hopefully enough miners like money to flee.
fluffypony: let me guess...you dared to question someone?
mdev: that channel is so toxic, admins so incredibly abusive lol
mdev: no reason to risk that
mdev: bingo that's what I was thinking, plus they're a legit business in london
BingoBoingo: mdev: Bitcoin is too valuable for ghash.io to do serious damage at 51% plus so long as miners are economically motivated...
mdev: apparently they've had over 20% for awhile and even at that level they could have done some damage with double spend had they wanted
BingoBoingo: Well, once this USG dumping is over hopefully come hosting time next year these contributions will go for a nice handle of something while I weld the server shut to drop off at the colo
mdev: since I was banned in #bitcoin, what's your guys thoughts on the ghash.io and the 51%?
mdev: much thanks
jurov: we all know with what stuff is the blog sustained
kakobrekla: yeah, that is the vodka BingoBoingo .
BingoBoingo: jurov: No, this is incoming for the blog's sustainment fund.
mircea_popescu: BingoBoingo they thyemselves do not. the unfortunate noobs that they try to buddy buddy however do.
jurov: kako it went to booze
BingoBoingo: mircea_popescu: The peeps pete wrote on today. The kind that just might have enough coin to BitBet but burn it because their WoTs are broke.
kakobrekla: at least this time its not going to some schmuck
jurov: that's gonna be my legacy. first b-a donation address, then this.
kakobrekla: <jurov> hahaha kako spamming teh blockchain < yeah at some point somebody will do something about that.
BingoBoingo: mircea_popescu: Do those peeps still have coins they aren't buring on Mastersafe and stuff like that?
mircea_popescu: BingoBoingo aff is kinda intended for the peeps that don't even know there's something to check
mircea_popescu: asciilifeform: mircea_popescu: if you're 'mad hatter' enough to have these baked, i'll send you the vectors. << i'm not. too big (thick, bulky) for my taste.
BingoBoingo: Now I imagine everyone will check their cookies for the right cookies before betting.
jurov: hahaha kako spamming teh blockchain
jurov: yes, it is, i tried
mircea_popescu: jurov: and it needs 200M RLIMIT_LOCKMEM or such << yes that ;/
jurov: pankkake: it must be persistent, i did not open his ref link today
jurov hugs BingoBoingo, starts to sway and sing uneasily
pankkake: jurov: actually the ref cookie expires at session, I think
mircea_popescu: jurov: lol what i wanted to say? << jurov caught drunk in the logs ?
jurov: i understand it's better this way, just venting
assbot: What the WoT is for, how it works and how to use it. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: ;;later tell Ssateneth: http://log.bitcoin-assets.com/?date=13-06-2014#717939 << maybe read http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/ sometime. ☝︎
gribble: (later tell <nick> <text>) -- Tells <nick> <text> the next time <nick> is in seen. <nick> can contain wildcard characters, and the first matching nick will be given the note.
assbot: What the WoT is for, how it works and how to use it. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: To me, -10 is lke "this guy has definately stolen people's money, and is definately a scumbag you don't want to live near because he'll probably break into your home and steal your valuables" :P << maybe read http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/ sometime.
mircea_popescu: ;;later tell Ssateneth:
mircea_popescu: jurov why would it replace cookie tho ?
mircea_popescu: pankkake: this is probably the first example of the wot for +v selection failing << honestly i don't think so.
jurov: i just bought bingoboingo a beer or two
mircea_popescu: ;;rate mrstickball -10 apparently kiddo thinks himself some sort of rate warlord or something.
mircea_popescu: midnightmagic: your transitive rating to nano at a certain level, correct. without trust from nanotube you can't rate. << good thing they finally moved away from the total rating model, that was silly.
kakobrekla: well theres a whole charade goin on in #bitcoin-ratings :)
mircea_popescu: cheeky the -otc derps. fucking periphery of the periphery, somehow they imagine themselves central and unique in that.
kakobrekla: well everyone at this point.
mircea_popescu: ;;later tell thebutterzone suppose you clear asciilifeform and that way i don't have to neg you too.
mircea_popescu: ;;rate Ssateneth -10 apparently kiddo thinks himself some sort of rate warlord or something.
BingoBoingo: Prolly the ultimatum brought some action. Ultimatum or not, I just can't care about any "competition" that usually ends in a draw and hugs for everybody.
mircea_popescu: so this is quite understandable :D
kakobrekla: generally i dont like cookies. too dry.
kakobrekla: is this trolling?
kakobrekla: >As bitbet grows more popular, there SHOULD be a greater number of bets imo. And that includes sports.
mircea_popescu: apparently soccer bets getting some traction
assbot: BitBet - South Korea will advance from the 2014 World Cup group stage :: 0.27 B (51%) on Yes, 0.26 B (49%) on No | closing in 1 week 5 days | weight: 92`292 (100`000 to 10`000)
jurov: kakobrekla: okay, they appeared now
kakobrekla: last bet matches what twitter sez
Mats_cd03: does anyone want to buy my No stake in the spurs bet?
mircea_popescu: Namworld the original is always best.
mircea_popescu: ;;rate ognasty -1 pirate shill ; currently running a "security" that made a 60% loss over two years. a fine example of the scum that unwarrantedly imagines itself somehow part of Bitcoin.
jurov: kako seems i broke bitbet twatter :D
mircea_popescu: but all this is moot in the discussion at hand. nasty is some random dork and Blazedout419 is woefully uneducated. mpex is transparency, go read up on the corps that have been publishing their results each month for the past YEARS and so on.
mircea_popescu: if thjat were the proposition, then it'd have been just a dumb as fuck deal. even in that case, claiming it's not a scam is marginal, much in the way adding a nuclear device to your doorknob is endangerment, even if you think people shouldn't have fucked with the doorknob.