log☇︎
704000+ entries in 0.36s
mircea_popescu: DrewHorne that was the other question i was going to ask. prev discussion you had gross income of 1.5mn over $40 tickets and 4k attendance. these numbers are a degree of magnitude off, what gives ? ☟︎
bitcoinpete: gonna leave this here… now off to mother's day!
Dimsler: sell $100 tickets? with 370k people annually?
assbot: MPEx vs. The Play Bitcoin Exchanges | When Bitcoin Met Pete
mircea_popescu: if not, many people, myself included, would love to hear about it
mircea_popescu: danielpbarron if correctly implemented, you should be able to yes.
DrewHorne: and we would be using multiple venues across the country
DrewHorne: there is though, when someone has stated publicly that they plan on acquiring $1 billion worth of electronic music festival related assets
danielpbarron: mircea_popescu, can i depend on it to protect bitcoin?
Dimsler: popularity of the venue is the exit strategy
danielpbarron: it's a default app in debian based systems i think; but openbsd doesn't have it
danielpbarron: is that a safe method to use?
mircea_popescu: danielpbarron bout half those present i'd guess
mircea_popescu: but who were you going to sell to again, as the exit strategy ?
DrewHorne: i assure you that i am not his newly adopted alias
DrewHorne: im afraid i dont have an answer for that mircea
mircea_popescu: bounce: apparently the tweet is right there, in a <p class="js-tweet-text tweet-text"></p> << ahahaha this sort of shit.
mircea_popescu: DrewHorne what's the relation of all this with the Collins-Rector character and his merry harem of gay bois ?
DrewHorne: since i have had a few interested people contact me based off of the last post i made regarding this (approached much less professionally without knowledge of the forum i was getting into) i figured i can let this sit on the off chance that other investors happen upon it while i work on building my trust in the WOT to approach from that angle as well
DrewHorne: mircea i would be interested to see any feedback you might have for me to improve this post if you had a moment
DrewHorne: i know theres a lot of bullshit on there but there are some legitimate businessmen too if i can find the diamond amongst all the shit
DrewHorne: so after speaking with you guys i have modified my approach on the bitcointalk forum
mircea_popescu: to best understand this : a bank that reports its customers to any tax office they want to, if they want it to, and doesn't otherwise would be the embodiment of legal neutrality, in the absolute sense. nevertheless, the legal theory would be presented that it is in fact actgively engaged in criminal activity, and as shoddy as that legal teory may be, it will actually carry in most western courts.
mircea_popescu: so let's not confuse things. bitcoin can be as neutral as you want, for you. for hitler, stalin, pol pot and obama, bitcoin is ~quite~ politically engaged.
mircea_popescu: Luke-Jr bitcoin is politically neutral only in some sort of politically meaningless "absolute" sense. otherwise, inasmuch as western socialism holds the ideological view that all non socialist (politically neutral or otherwise) systems of thought are political enemies, bitcoin can only be politically-engaged from their perspective.
BingoBoingo: benkay: I hate when whales think they are dancers.
mircea_popescu: o hey, they have the plaques still
mircea_popescu: your friend would maybe be well served to get hooked up with in here.
decimation: especially when the pineapple has your face carved in it :)
mircea_popescu: actually, within ten minutes lol
mike_c: mircea_popescu: i know a 1st year comp sci student looking for summer work if you think that might fit the data entry thing you're looking to get done.
decimation: it's funny how they are dividing themselves neatly into niggers.txt and non-niggers.txt
mircea_popescu: decimation it's ok, these same people will need jobs ten years from now too.
fluffypony: what happens if you get a skin disease AND you have skin in the game?
mircea_popescu: great place to get a skin disease
decimation: Mircea, to be specific, unless some white guy in New York City is doing a bitcoin etf, it doesn't exist
decimation: apparently you have to be invited to thier "conference"
decimation: Is the etf community shunning it?
decimation: They have not really talked to anybody.
decimation: " I see the winklevii at conferences about bitcoin.
mircea_popescu: so according to bloomberg, the fact that bitcoin etf already exists is to be ignored, because unless fucktarded white friends of theirs come to help us, we are just a bunch of niggers over here.
decimation: yeah there is something to physical currency, it will alway have a place
decimation: another bitcoin "story" from bloomberg (trying to shield you guys from the inane web interface): http://pastebin.com/pxMeVN4G
decimation: so most folk walk around with cash, unlike in the us
mircea_popescu: the order is instructive i think
jurov: in slovakia, they are quite common, but trying to pay < 10euro in small shops by card is considered rude or outright rejected
mircea_popescu: if a merchant feels they need to ask, they'll ask "are you paying cash ?" or "would you be using cash or a cc ?"
mircea_popescu: poor people (coupon hunter housewife types) and government employees.
decimation: is it common that people pay with credit cards in Romania?
mircea_popescu: bounce: since you already cannot live without some bank account and they all charge more or less the same there's no way out of that << i've never had a personal bank accouint actually.
mircea_popescu: except, i don't owe them 30 euros a month currently, so...
mircea_popescu: jurov: bounce find me one bank that slashed fees by 60% << well my bank keeps trying to sell me on this deal whereby if i pay them 30 euros a month fixedx they'll cut their per tx fees to 0 for x txn and to 50% for all the rest.
decimation: yeah even tiny businesses in the US should be able to get $15-20 million in revenue
mircea_popescu: otherwise, something that's been worked at for years'd better be over 100mn or else wtf is going on
mircea_popescu: assbot: BitPay raising $30 million of capital, gives itself a $160 million valuation which is ridiculous | The Cryptocurrency Times << it's only ridiculous if you're some blogger with nary two meatballs to rub together in your stomach.
assbot: Michael Novogratz - Wikipedia, the free encyclopedia
decimation: He and his wife Dora "Sukey" Caceres have four children.[2][10] They also own a home in Amagansett.[10]
decimation: According to La Wik apparently one of his college roommates was the head of trading at RBC Capitoal Markets: In 2006, he bought Robert De Niro's $12.25 million duplex in Manhattan's Tribeca neighborhood.[3] When he moved into De Niro's former residence, Mickey Rourke moved into Novogratz' former Meatpacking district residence.[2] He was college roommates with Richard Tavoso, head of global arbitrage and trading at RBC Capital Markets.[3][14]
benkay: lol for a sec i thought Donno was a human
decimation: Donno, apparenlty the ex-college roommate of this Michael Novogratz dude
benkay: decimation who's working on btc derivs in barbados full time?
decimation: doesn't facebook make shadow accounts for people that have been uploaded by other lusers and whose faces appear on photos?
decimation: the only reason that USians don't open a checking account with the Fed is to spread around the bezzle
mircea_popescu: as usual, any attempts to tighten the noose past a certain level do more to chaff the thing
decimation: well, the situation today is such that the Fed is the bank that underwrites all the banks
mircea_popescu: asciilifeform: the clever fellows who presently escape surveillance by eschewing mobile phones, will be collared at last << nbot really. just have procurement contract with select shop, order stuff pay on month's end.
mircea_popescu: asciilifeform the narodnyi bank seems likely tbh
assbot: Fortress Investment Group - Wikipedia, the free encyclopedia
decimation: apparently of this fund: http://en.wikipedia.org/wiki/Fortress_Investment_Group
mircea_popescu: who's this
decimation: My college roommate lives in barbados. The smartest guy we went to school with. He full-time works on derivatives for bitcoin. There is this open source community with huge brain power and lots of seed money going in."
decimation: "Intellectually it is a fascinating story. If you look at the market cap for bitcoin, it is for the five billion dollars. -- $4 billion to $5 billion.
decimation: Michael Novogratz (of Fortress Investments) on bitcoin in this Bloomberg interview: http://pastebin.com/uwySTc9r
jurov: me too
jurov: yes, it's scattered around the log
kakobrekla: maybe its a good time and place for this nao :)
kakobrekla: i think asciilifeform had some things to say re trezor
benkay: what's the deal with asicminer dividends?
jurov: i§ll should get it tomorrow or so
jurov: only stick is too lazy to upload tracking numbers to the website
benkay: is the trezor actually shipping?
HeySteve: ;;google the bitcoin foundation is a scam site:log.bitcoin-assets.com
HeySteve: would someone please remind me of how to search the asset log for key phrases via the bot?
benkay: there are no capital barriers to the colored coin system which means it will rapidly fill with the criminal and the stupid.
fluffypony: coloured coins are maybe more interesting, but then I have to wonder if it's solving a problem that needs solving?
CheckDavid: But what about colored coins then?
CheckDavid: I see. I don't feel concerned about that honesty
fluffypony: also the whole principle seems to be "decentralise the trade but centralise the communication"
fluffypony: CheckDavid: because there's no communication platform, so bagholders can offload their shares onto unsuspecting trader
CheckDavid: fluffypony: what's the problem if it continues trading?
fluffypony: I do have a problem with something that seems to, on face value, just enable scammers to scam even more easily than CryptoStocks
fluffypony: CheckDavid: I also have no problem with operators being real-world anonymous if they choose to do so, there are checks and balances in place for that (such as their WoT presence)
jurov: fluffypony: decentralized trading of provable scams is the next level
fluffypony: no centralised control means that asset continues trading
fluffypony: let's say it's provably a scam and the operator has disappeared
fluffypony: the other problem is things like delisting an asset
fluffypony: CheckDavid: fundamentally I don't have a problem with the *idea* of a distributed exchange, the problem is that it's not realistically plausible right now (in terms of being able to handle any significant trade volume)
CheckDavid: I am am just asking about the current state and their respective pros and cons
bounce: where's the question then?
CheckDavid: I wanted to ask you guys something