714200+ entries in 0.556s
punkman: I like mp's definition better
than
the dictionary
fluffypony: punkman: buy ALL of
the advertizings. ALL of it.
mircea_popescu: BohemianHacks you aware what
the best description of
this chan is, according
to chan consensus so far ?
mircea_popescu: punkman im still waiting for
the psychanalist
to go into massive bitcoin exploratory expedxitions.
punkman: like NeoBee "felt" it was a good idea
to "invest" in excessive advertising
mircea_popescu: meh shitty bait ozzie. how am i
to restore world balance
thus ?
punkman: Buying
tons of lotto
tickets is dumb, but it IS investing. <- it "feels" like investing
to a lot of people, it's all about "feelings"
mircea_popescu: fluffypony yeah, i just maxed
the pedantry scale did i ?
mircea_popescu: i don't know you well enough yet
to actually care what you
think for its own sake.
mircea_popescu: BohemianHacks im not
trying
to prove anything really, i'm just exploring where exactly we differ.
mircea_popescu: similarly
today,
the only
thing
the city poor / welfare bunnies fear is
the 19th century capitalist
mircea_popescu: then
the merchants stole it, because at
the
time
the only
thing
the
town merchant feared was
the soldier, so he wanted
to steal his stuff.
BohemianHacks: meh,
this is a waste of
time. I get you are
trying
to prove a point about safe investing, but
thats
the definition of
the word. Buying
tons of lotto
tickets is dumb, but it IS investing.
mircea_popescu: anyway,
to continue
the saga of
the poor word "invest" : originally, it denoted
the act of comitting your army
to a siege. which was, expensive and dangerous a proceeding.
fluffypony: mircea_popescu: don't be
too pedantic with
the newbies :-P
BohemianHacks: "expend money with
the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it
to develop a commercial venture."
BohemianHacks: the dictionary dude, we have
these
things for a reason
BohemianHacks: "the profession or science dealing with
the prevention and
treatment of diseases and malformations of
the
teeth, gums, and oral cavity, and
the removal, correction, and replacement of decayed, damaged, or lost parts, including such operations as
the filling and crowning of
teeth,
the straightening of
teeth, and
the construction of artificial dentures. "
mircea_popescu: well sure, i guess in
the sense of, "good dentistry" is what happens at
the dentist's office, and plain dentistry is what happens at
the bare
fluffypony: mircea_popescu: I
think
the word has been coopted by
the Jimmothy School of Smart Investmenting
mircea_popescu: now, lotteries fail on b. and if you're not aware of
this, it fails on a.
mircea_popescu: BohemianHacks you can't, for
the following reason : in order for something
t obe an investment, it requires
two
things. a)
that you've done research and b)
that
the research indicates +EV.
BohemianHacks: "expend money with
the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it
to develop a commercial venture."
mircea_popescu: this poor word invest. it happens
to be a
term of art in finance, of course, but it's been (recently, since
the internet) been coopted as a colloquialism
BohemianHacks: buying 1000 lottery
tickets usually wont pay out, but its an investment
to some people
BohemianHacks: no, you are investing your coin in
the hope
to get a return
fluffypony: thought it best for him
to get some proper info :)
BohemianHacks: a quick google puts
them in
the same group, so its not like
that is wildly off base
BohemianHacks: because
they are both coin investment platforms,
thats pretty similar
mircea_popescu: BohemianHacks so i'm very curious, how did you proceed
to come
to
the idea
that mpex and cryptostocks are in any sense
tyhe same
thing, or in any way comparable ?
fluffypony: I
think we're
talking in his absence - [11:32:06] <+BohemianHacks>
Thanks jurov, im actually about
to get
to work
though :D
mircea_popescu: good cause i
think many people don't.
to judge by
the banks etc at least.
mircea_popescu: fluffypony but
that is
the github of someone named
thus.
fluffypony: I know, but
then
the registration info changes
mircea_popescu: fluffypony nickserv is not authoritative. freenode gives away names and chans
that were abandoined.
mircea_popescu: BohemianHacks: So you like mpex over cryptostocks? << lol ok
this shit's epic.
mircea_popescu: BohemianHacks: Pretty much, I
tend
to switch distros and clean up my harddrive
tons << either
that, or
tend
to
try and social engineer off old dormant cool sounding nicks.
mircea_popescu: fluffypony:
that's bizarre << now you understand romania.
mircea_popescu: fluffypony: but lots of people are obviously still on slow connections, which drags
the average down << nope. you can't currently get anything under 100mbps even if you want
to pay specifically for it. it's just not economical
to maintain
the old stuff.
fluffypony: mircea_popescu: our Internet is shitty
tho
mircea_popescu: fluffypony:
that makes me a sad panda << you can
take solace in
the knowledge
that
the
thing is complete bs.
mircea_popescu: see who gets
the furthest. "bob is so much further ahead of me" finally means something, geographically. etc.
mircea_popescu: you could have a million acres dedicated
to
this, like a sort of modern silicon valley / smarts farm. each accepted person gets his own line.
mircea_popescu: there's probably a yurting period one could observe over
the duration of his life, if he had
the freedom do live in a manner adequate
to his own manner.
mircea_popescu: keep doing
this. at any point you want something from
the oild yurts, just go drag it
to
the current one. (never ever move stuff back
tho, only forward)
mircea_popescu: when full, build a new one a little off, carry whatever pieces of
the old one you wish.
mircea_popescu: i suspect
this would be
the ideal living arrangement for
the
true hardware engineer : much like a silkworm's. built a yurt roughly 10 body lengths in diameter, fill it with material slower.
mircea_popescu: asciilifeform: folks expecting
to play 'doom' on cardano will be disappointed. << you know back i nthe day one way
to make
the old impossible amiga games playable was
to downclock
the damned
things
mircea_popescu: decimation: sounds like bureau-speak for "we hire idiots and
they produce nothing" << bounce disagrees, argue with him, i'd like
to watch.
ty both :)
mircea_popescu: "unrealized damages"
that is
to say 'my eyesight was worth 100B, but now i have no eyes,
therefore pay me 100B'? << exactly.
mircea_popescu: (this is a joke. based on "urbi et orbi", literally "to
the
town and
to
the globe")
fluffypony: no wonder
the Romanian phrasebook wasn't helping me
fluffypony: Romanian looks more like Latin
than Italian does
mircea_popescu: i doubt
the web has reached
that deep into
the classical antiquity yet/
fluffypony: the pronunciation is
trippy compared
to Italian
fluffypony: I don't see any concrete plans for
trading "stock" in
the company
jurov: i guess
they shorting was "omitted" from mastercoin protocol
fluffypony: oh wow, I didn't know
that we're already on Bitcoin 2.0
fluffypony: oh wait nm,
they don't actually have a product
fluffypony: kakobrekla should host assbot on
the MaidSafe (tm) network
BingoBoingo: Logging on you own
though... You never know when assbot will go down
BohemianHacks: Thanks jurov, im actually about
to get
to work
though :D
jurov: "..some of
the pre-reserved domains will soon be available for purchase.
The domain(s) in question are: bitcoin.bargains bitcoin.cheap"
jurov: i love when i register for various crap and
then get sudden lulzies
ozbot: Accounting for
the Amazing Company.
The Bitcointalk standard. | pankkake
Naphex: so atleast you're setting up
trust in all ways, and can be verified
Naphex: or another record field, where you can reverse associate
the address
to
the specific dns signature
Naphex: i'll build up a service and see if we can poke holes in it, dnssec sign each zone, and reverse/point fowards for
the addresses
fluffypony: and
then let's plz BIP it, I'll do
the grunt work of writing
the BIP if you're feeling lazy
fluffypony: once everyone reads
through
this log I'm sure
there will be some input
Naphex: vacation
time in romania, might as well have some fun
Naphex: i might set up a play service
this weekend
Naphex: and dnssec setup if he wants
to authenticate
that data
fluffypony: ok but for
the sake of simplicity a person in control of
their DNS records can just add a
TXT record for
themselves with
their BTC addy + signature, right?
fluffypony: that could work for merchants
too if it's a BIP71 compatible URI
fluffypony: so if I send moneyz
to naphex@btcxchange.ro
Naphex: nah, and you lookup specific
txt records
Naphex: bip70 you will have
to validate
the pki
fluffypony: is
there any issue with having lots of
txt records?