712900+ entries in 0.435s
mircea_popescu: look, you've seen kids play ? all
the kids aspire
to be
the kid
that picks what game
they all play.
JorgePasada: all
those
things completely ignore
the buy side of
the equation
JorgePasada: mircea_popescu: because what
they're really saying is "I just want
to be able
to sell
this
thing for value without actually having a market
to determine what
that value is"
mircea_popescu: JorgePasada what do people know.
they also say "abstinence only sex ed" and stuff.
mike_c: it was some good quotes from
the
trial
though.
JorgePasada: mircea_popescu: Yeah, bothers me when people say "Hoarding is bad" or "People need
to use
their coins instead of holding
them" or "Speculators are ruining
the market"
mircea_popescu: mike_c indeed you were :p but i was saying he's an asshole, not clueless. which i do believe is what happened
there, he started
trying
to be pr-asshole and ended up losing focus and just spilling.
mircea_popescu: incidentally : bitcoin's constant dfif growth is a major driver of inflation (more coins / unit
time
than designed = inflation), and
that acts as a price depressant.
mike_c: re: cuban, you started
the article basically saying he was clueless :) i'm just a fanboy, so i was feeling defensive.
mircea_popescu: but anyway,
there's exactly one failure mode of a coin, and
that is, no buy side.
mike_c: yeah. i guess if
there were a merchant
trying
to use ATC he'd probably be
the only one worked up over it. hey satoshijack, what you
think?
mircea_popescu: in other words, "woman, i know you love
the kid, now let him crack his fucking skull open. we'll mend him afterwards, IF he manages."
mircea_popescu: i mean,
this coiuld marghinally be an argument if
there were like, merchants, doing
txn, being disrupted. but
the average
txn per block is like... 0.8 or something
mircea_popescu: remember
that "Resilience" is just another way of saying "not giving a shit".
mike_c: "every altcoin goes
through
this" << yes.. and most of
them fail.
mircea_popescu: so in short, i don't
think it's a bad idea if
thats how you want
to spend your
time, but i do
think it doesn't do much either way.
mike_c: BingoBoingo: ah,
that's cool
mircea_popescu: a single day on xtc
there were like 30k blocks
traded.
mircea_popescu: "profit is
taken" is nonsense.
the huge flood mines what, 50 blocks ? 500 ? what profit is
there
to be
taken,
mircea_popescu: mike_c actually i
think
the variations in hashing are great. -2/3 isn't
too impressive, and every al;tcoin goes
through
this scenario.
BingoBoingo: mike_c: Looks like you are getting
the first S.MPIF statement
tonight so you can analytics.
mircea_popescu: mike_c: outrageous viewpoints are more engaging! (see
trilema) << what,
the outrage is wholly user contributed.
BingoBoingo: mircea_popescu:
ThickAsThieves
tried
to rate him, not in
the database
mircea_popescu: bounce:where was
that piece about quantum-proofing bitcoin? it's apparently doable << dude srsly. quantum proofing is not doable.
Naphex: well, better sleep
then stay all night optimizing dumdum raid arrays with ssd's
BingoBoingo: joecool: Sure some people spend
tons of
time
there, but some people also buy groceries for sweepstakes entries.
joecool: BingoBoingo:
there was a woman
that found
the only perfect natural diamond ever recorded a few years back, she's likely still diggin away
mircea_popescu: i
think i probably formed more llcs
than anyone in bitcoin has had sex partners, and probably in more jurisdictions
than
these folks have
travelled.
joecool: BingoBoingo: it involves effort and luck, some people do spent
tons of
time
there
mircea_popescu: my argument here is
that he fails
to meet even
the lowest common denominator.
BingoBoingo: I mean Arkansas has a state park where
the reason
to go is diamonds, often of gem quality, literally lay on
the ground. Yet people don't go flood Arkansas
trying
to get
to
that one attraction.
joecool: mircea_popescu: i'm just saying,
the past decade or so, everyone sets up an LLC for something, and 99% of
them fail or do nothing
joecool: mircea_popescu: no clue,
they are all likely hard
to remember names
BingoBoingo: Well... I've never found anything about
the place pleasant. Doesn't preclude
the occasional gem from coming out of
there, but it's enough
to judge
the location.
fluffypony: assbot needs
to be like"THOUGHT LEADER!"
mircea_popescu: punkman: "Amir
Taaki is listed by Forbes as one of
the
top 30 entrepreneurs under 30 in 2014" << how
the fuck's
that kid an entrepreneur lol
mircea_popescu: one of
the better cocksuckers i know used
to live
there pre-rescue.
fluffypony: "I still haven't gotten dick all, other
then a lower share price and a huge missed opportunity on GoCoin, from seedcoin1. Fuck
this."
fluffypony: "They link
to a google doc on
their website (which is where I pointed you
to on my previous post). It's an example of putting in effort on
transparency."
BingoBoingo: <mircea_popescu> everyone wants
to fucking push
the rope. << It's how one shoots self with a Bow.
mircea_popescu: the20year: Not here at least it seems << dude you're becoming an exercise in squandered youth. shoulda gotten in
the wot like you know, 6 months ago or w/e.
fluffypony: mircea_popescu: we should ALL become
thought leaders...it could be
the criteria for us each running our own One
True UK Bitcoin Exchange
JorgePasada: ThickAsThieves: benkay introduced me
to
this place, know him from meetups/trading locally
mircea_popescu: what is with
these fuckwits! it's like an entire new circle of strange broke last year,
the "thoughht leaders"
JorgePasada: ThickAsThieves: I'm just some guy, who does
things. :-)
mircea_popescu: fluffypony: Christian Papathanasiou is "widely considered a UK
thought leader" << does
this guy aspire
to overtake Dr. Foreskin ?
mircea_popescu: fluffypony: EVERYONE should start one and claim
there's is
the only
TRUE one << start
them in scotland, make every logics professor happy.
fluffypony: mircea_popescu: next
thing you'll be using emoji in chan
mircea_popescu: mike_c:
there's a widget for calculating cum ROI across any
timespan on
there << I lolled. because cum ROI is lolzy.
mircea_popescu: joecool judging by
the property values, it's somewhere between kenya and utah
joecool: well it's not like ohio's a very appealing place
to go
BingoBoingo: Only
thin Ohio as produced are astronauts, people so
traumatized by Ohio
they had
to leave
this world.
mircea_popescu: ohio is like, figthing wisconsin
to
the death in
this derpiest state competition
fluffypony: asciilifeform: presumably once I understand
the "how" I may come
to
the same conlusion
fluffypony: mircea_popescu: I know, it's on my "stuff
to understand" list
fluffypony: JorgePasada:
ThickAsThieves is going
to it
mircea_popescu: fluffypony but
that was my point. if you
think something's interesting you gotta be able
to explain it :)
JorgePasada: the problem is I have yet
to see a good way of implementing it
that handles both
the
technical AND social aspects of implementation
mircea_popescu: so
that's everyone
then, i will be publishing
the f.mpif 1st statement
tonight.
☟︎ JorgePasada: Also, I
think proof of stake is interesting in
theory
JorgePasada: Anyone from here going
to
the
thing in Amsterdam?
fluffypony: asciilifeform: proof of stake...they haven't gotten
the implementation anywhere close
to useful, but I
think
the idea is interesting
BingoBoingo: mircea_popescu: Did you receive
the latest
trading statement?
ThickAsThieves: <+mircea_popescu>
ThickAsThieves wait, you dumped
the girl because she
took it in
the ass ?! dude you're wrapped up
too
tight. /// lol it was obv much more complicated
than
that, i was a
teenager!