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69300+ entries in 0.847s
theo__: Do you mind if i ask a bit more of a personal question. As in how old you are? Just so i can get a grasp of who i am investing into, Because as far as i can tell it seems you are the company or is there more people in the managment team?
nubbins`: to protect and serve ...yourself at mcd's as fast as possible
theo__: Duffer i have to many BTC to leave them sit as only BTC i need to diversify and RENT offers a realistic aproach to reinvestment with his companies share value only increasing even with the price of bitcoin 8x higher then his inittal IPO
the20year: last time we had a vote to ask the direction of what shareholders wanted to do , it came back as 40/60 in terms of distribution (Re-investing 40%, distributing the rest)
theo__: the20year: agreed but i am hesitent to over invest as you are talking about a leveraged lending scheme (which works well in good financal times) Though in bad times over leveraging can leave you to open to the risks
theo__: the20year: have you also taken into consideration the potential risk of if a housing collapse does happen again or a market collapse in america? as in your compaines Manifesto ( i know not the right word but i am tired) you did not mention this is a potential risk to investors
theo__: the20year: as the only thing that is stopping me as a investor looking to diversify into your company is the key fact that I believe the US could be on a potential melt down, and would mean that if you hedged to much into USD I am exposing myself to to much risk
the20year: We've got quite a few BTC Hedging strategies, the msot up front one is the fact that we're only cashing out on a as-needed basis
theo__: the20year: good thanks you have already made me put more faith in you just with that statement. Furthering on will you be hedging anything into BTC or all directly into USD as your company for you unfortunatetly missed the $120 -> 1000 price hike and could have already had a million dollar investment plan.
theo__: As in Rentalstarter?
jborkl: running stratum against say terracoin is exactly the same as bitcoin - hell all you do is change the payout addy and port, something is slightly different
gribble: Nick 'BingoBoingo', with hostmask 'BingoBoingo!~BingoBoin@unaffiliated/bingoboingo', is identified as user 'BingoBoingo', with GPG key id 309BB8D7F3251143, key fingerprint ADD7A9A28F85E5EF1F51904F309BB8D7F3251143, and bitcoin address None
Bugpowder: long time horizon, can't time the market. Just buy as the money comes in.
Bugpowder: They are about as important a big early adopter
mircea_popescu: Bugpowder isn't this instructive as to their relative unimportance ? would you say ?
mircea_popescu: chipug you don't have an angle. as a small entity with little money you need a god damned good angle. otherwise, what you're trying to do, compete on execution,... you'll get crushed by the larger entities. see ?
pankkake: version number is same as btc
benkay: would you be so kind as to run my alt-books as well, pankkake?
mircea_popescu: ThickAsThieves there's a difference between a retarded man dressing in a clown suit as his business outfit
kakobrekla: fail as male, lets try female, its easier
jborkl: so that blond is a dude? I am confused as I missed some relevant parts of this conv
Bugpowder: Why would anyone with a brain go long perpetual bonds. Those are only profitable if you short them, as a rule
ThickAsThieves: "A top market overseer called for a sweeping review of computer-driven securities markets Thursday, saying regulators should focus on “points of failure” such as computerized links between stock exchanges and so-called mini-flash crashes in stocks."
mircea_popescu: hence the "give the kids strong crypto as an addon, let the broadcom blob eat its nails"
asciilifeform: (formerly known as 'linuxbios')
mircea_popescu: as you know the key people better than you know their supposed properties)
asciilifeform: as for it being more lucrative to keep and milk cows, this is so - and yet the world's largest distributed machine is hashing sha, not folding protein
mircea_popescu: as a side-effect of this sad state of affairs, no proof of work can be devised that'd allow them to hash.
mircea_popescu: asciilifeform indeed. as if such a thing belongs anywhere outside of a creative reenactment society meeting
ozbot: Net Neutrality battle begins as Verizon appears to throttle Netflix- The Inquirer
asciilifeform: http://www.theinquirer.net/inquirer/news/2327327/net-neutrality-battle-begins-as-verizon-appears-to-throttle-netflix
mircea_popescu: basically the libor was a scam, the forex is a scam too. fiat is about as bad as bitcointalk
mircea_popescu: ThickAsThieves i imagine as brokerages develop they'll keep a vanity gen side.
mircea_popescu: as if i give a shit what X dork said on any topic.
ThickAsThieves: This is still a Wild West kind of environment,” Casey said on the show, while noting that episodes like this can happen periodically as none of the exchanges are regulated by the SEC.
mircea_popescu: phish lost a bunch for sure, as the rate went low
mircea_popescu: herbijudlestoids the analogy i'm making is that what you think you've learned and the dataset you imagine you rely on are about as related as my girlfriend and your sister.
nubbins`: herbijudlestoids: well, it's just as easy to have a bunch of fun than to learn something
nubbins`: this could just as well be a conversation with a mother saying "but gravy is really good, you should try it" and the kid saying "but i don't like it"
mircea_popescu: and if i feel like having sex i don't try to sneak into the sheets of a couple that fucked overnight just as they leave for work, either.
mircea_popescu: herbijudlestoids everything to do with silk road, dude. it's these kids who don't have to work, can't learn as there's no schools, having nothing to do with their time
herbijudlestoids: mircea_popescu: not really dude, i view it as an extremely powerful psychological tool...like i say, it helped me, i know. i dont really want to convince you to do it in any sense other than your opinion should be informed
ThickAsThieves: so far we've got altcoin makers as drug dealers, drugs being illegal, but drugs being okay, and world apthetic to the detah of miners everywhere
mircea_popescu: too many of the motherfuckers as it is.
mircea_popescu: however, i'm not going to hold that as HER QUALIFICATION, most times.
herbijudlestoids: nubbins`: interestingly, as the only hallucinogenic opioid it seems to have some anti-abuse properties and can assist in the treatment of addiction
herbijudlestoids: under the law judges can schedule it by weight the same as heroin and cocaine
nubbins`: i think the concept of an illegal plant is as foolish as anyone
mircea_popescu: Apocalyptic about the same as a doge, ironically.
mircea_popescu: in a more general sense : as tempting as it may be, you can't allocate responsibility to actions by the "effect" they have on people.
mircea_popescu: what's one to do ? the internet is a contextless medium. i can put a disclaimer in there, and i do. nevertheless, ihave to fit it in 140 chars and anyone is just as likely to "get it" as to get it.
mircea_popescu: no leader, no business. as unpleasant this truth may be.
random_cat: mircea_popescu: it only requires a leader.... i am making no assertions as to number or quality of generals
random_cat: coinbase is a wallet service, even if they do not advertise as such
herbijudlestoids: i dunno if the WoT will end up as the identifying force for the world, but its a nice idea
Apocalyptic: "Martin Kocevar is a product of tlie Penn- sylvania Dutch region, and he says that as soon as he gets his diploma he is going back to his home" oh wait it does
kakobrekla: hm you work as sys admin?
Chaaang-Noi: kako there was some clearification on the laws it was seen as anti btc and really making btc illegal in russia, however it was moistly FUD as it was an old law
mircea_popescu: prolly not as it's late, but tomorrow or w/e
Chaaang-Noi: its like bitpay, i assumed an alt at first as well
herbijudlestoids: for example, if the option is far OTM (e.g. the price of BTCUSD is $1 and the call is for $2000) then the value of the option will consist mostly of vega and theta (which is decaying as time goes on)
herbijudlestoids: i dun know if MPEX supports naked short the contracts, looks like they only allow you to do what they call a SPLIT order, otherwise known as an options spread, so you short the 722 puts and long some distant strike call, like 1000 calls.
herbijudlestoids: options give you the right but not the obligation to long/short the underlying asset at a given strike price and date ...e.g the option to long BTCUSD at 1000 regardless of the price as of Jan 2014
herbijudlestoids: i guess i get what youre saying, that having the wallet files stored in multiple locations securely is probly as good as a cold storage device itself
punkman1: it's pretty much the same as backing up any other piece of data
sypher_: but i do like the idea of metal coins; if only, as 'ego' items ...
herbijudlestoids: not so much physical coins as metal (i.e. fireproof) cold storage
ThickAsThieves: well as things form i may hit you up for costing
pankkake: well, that won't really help me, as I only tried the genesis block change and other magic values, no renaming etc. before I was sure it worked
TomServo: asciilifeform: I somehow mis-read seigniorage as sovereign, so derp on my part. But I see your point.
nubbins`: good a time for a break as any
nubbins`: i'm not saying you're a criminal, i'm saying you're hurting other people as well as yourself
asciilifeform: as if it took more than ten minutes to grab a copy of bitcoind src and change the constants
ThickAsThieves: i dont regret it as a failure
asciilifeform: the question we're about to learn the answer to is close to: 'does the average person actually appreciate toilets and garbage trucks? or would be be just as happy using his local beach?'
asciilifeform: naturally, people will shit out alts. nothing i can say here would put the slightest dent in it. just as they will continue to throw cigarette butts from cars.
Duffer1: i believe that is the likely outcome as well ascii
mike_c: imagine a grid with 100 tiny squares and 1 enormous square. Add as many tiny squares as you want, the Schelling point remains.
ThickAsThieves: there will be wealth in more coins than bitcoin, for as long as this paradigm can even exist
asciilifeform: whose 'no added value needed' proposition is 'just as good' as yours
asciilifeform: 'a) repaint your black car. it should be blue. b) why should i ? a) blue is just as good as black b) wtf a) here, i'll sell you some paint b) what's the value to me a) it doesn't need added value, blue is better '
ThickAsThieves: again i think this is a false assumption as well, alts needing new concepts
nubbins`: would you count getting people off heroin and into crack as a good thing?
ThickAsThieves: would you count marginal success in that as a good thing?
nubbins`: promoting a lelcoin as being serious is amoral
asciilifeform: then it is clear which coin the author regards as genuine and having a future.
nubbins`: says you, as well
asciilifeform: every cryptocoin can be seen as an attempt to 'replay the history of money'
mike_c: yeah, where's the hate for bernankoin? as long as he doesn't pump/dump, what's the crime?
ThickAsThieves: is the same question as "do you have a dump of the genesis block?"
ThickAsThieves: Kozak was attempting to argue that foreign journalists were biased against Russia and were intentionally working to paint the Sochi games as a disaster. But in the process, he may have just spooked everyone assigned hotel rooms to attend the games.
nubbins`: as soon as i finish submitting this post to reddit
ThickAsThieves: "i'm going sprint down 300 yards and try and get this rifle on target as fast as possible"
ThickAsThieves: <KRS-One> ThickAsThieves: This was just for the lulz right? << as much as anything in life
ThickAsThieves: MaxCoin’s mining difficulty will be retargeted using the kimoto gravity well algorithm. Recently, the Dogecoin developers have been thinking of retargeting this way as well
ThickAsThieves: Current transaction count: 4,819; stuck transaction outputs: 55,546.70 BTC (as of Feb 06 2014 12:03:21 UTC)
benkay: business as waterwheel; water must flow. business must come through the operation. if business is a whole bunch of metalworking work, then wallets can be a small fraction of the biz and still work. if biz throughput is just wallet engravings, well, that sustains a much smaller operation.
Namworld: Tumor and revenge as collateral?
BingoBoingo: Namworld: I will still loan for your tumor and revenge as collateral.
herbijudlestoids: "We explained to the New Jersey Attorney General that Tidbit's code as configured was incapable of mining for Bitcoins, meaning it could not provide much of the information requested in the subpoena. Plus, New Jersey had no jurisdiction to issue a subpoena to Rubin, who lived in Massachusetts, or Tidbit, which had no connections to New Jersey at all; the server housing the code is not located in New Jersey and Tid