746200+ entries in 0.51s
ninjashogun: Apocalyptic, according
to
that statement, ALL people will be paid back eventually.
ninjashogun: It said "We will get back
to 100% reserve bank, owning as many bitcoins physically as people have on account.
To get back up
to
that level we will
take
the profit from our operations and use it
to build up
the fractional level."
Apocalyptic: ninjashogun, are you not reading
the statement ?
Apocalyptic: that's why
they are locking
the balances,
they've been operating fractional for years
Apocalyptic: but
they can't even satisfy withdrawals now
ninjashogun: It could have done something even stronger: "We will now be fractional-reserve,
the way all banks in
the United States have operated for 100 years. We will not hold as many bitcoins physically as are in our accounts - nor make up
the deficit."
ninjashogun: The reason is
that actions are judged on
the basis of
their consequences.
BingoBoingo: Well, can any platform
that does such a
thing be
taken seriously?
ninjashogun: However, I will say one
thing. At a macro level
there is no FDIC, nor bailout.
TestingUnoDosTre: So apparently I've been living under a bush for a while, but
the creator of Candy Crush was apparently successful at generating cash flow?
ninjashogun: I meant
to write
the word "options" instead of
the word "rounds"
ninjashogun: let's flip it around. Would a serious company
that had
traditoinal real-world financing rounds (convertible note, or equity offering with shareholder's agreement with a real VC) ever list on
there?
Duffer1: they probably make so much money off it
that
they haven't yet decided
to just run with
the money
Duffer1: ninja you can
trust
them
to list every scam in
the space
ninjashogun: and what
they're doing, whether
trustworthy, etc
blackwhite: what do you
think is
the best wallet design you have seen, visually?
nubbins`: from what i can
tell,
they're about an order of magnitude off
their
trading volume predictions
Mats_cd03: (wouldnt ever work, occurred
to me without evidence)
cazalla: can you
trade bitcoons on
the massahcoin network?
CheckDavid: Now of its valuable ,
that's subjective as all value is
CheckDavid: And it's definitely using
the btc block chain
benkay: and i guess bitcoin is just a protocol and so
this
thing is additively good
CheckDavid: It's supposedly a protocol
that adds a lot of value
to btc
CheckDavid: But yeah. I am not
talking about just some random alt
CheckDavid: If I interpreted what you meant by
that properly
Mats_cd03: (useful for e-voting as per prev. discussion, and maybe even useful for reducing
the size of
the blockchain in
the future)
CheckDavid: Mats_cd03: but I
think master coin doesn't have any alt chain
benkay: gribble needs a ;;first
to complement ;;seen
Mats_cd03: mixing smegma is
the most intimate moment one can share with another man
benkay: i know crypto on cloud is anathema but OOOOH
THE
TEMPTATION
benkay: aws has all
this damn storage and compute
ninjashogun: This is just in
the interest of full disclosure.
ninjashogun: (by
the way CheckDavid and I are on skype now, and we may be collaborating on
the jobs
thing. I
talked with him for a couple of hours
total, don't know him personally yet but we're on skype.)
Mats_cd03: i'm confused by
the website, "Mastercoin
To Create New Altcoins In Bitcoin’s Block Chain" is
the
title of a press release
ninjashogun: Mats_cd03, I meant is a nick from one of
the contributors in here. I should have asked in #bitcoin
Mats_cd03: oh whoops i must have misunderstood
the idea
ninjashogun: I'm
talking with a collaborator about crypto currencies and varoius exchanges, etc.
jurov: btw, I'm running btc and ltc and atc nodes off one 320gb spinning rust. seems
to work fine
deadweasel: you can
trust him, he
traveleth
the
time.
jurov: ninjashogun: it will be pruned
to store only most recent outputs and all
the rest will be archived
deadweasel: you may not survive
the year, nor me nor anybody elese
ninjashogun: if
the blockchain is already 20 GB,
then in a year or
two will it be like 100 GB - just
to be part of
the network?
ninjashogun: If bitcoin is used for 100 years, will anyone who participates have
to download every single
transactoin, ever, down
to
today?
ninjashogun: is
the public ledger going
to contain every record from forever?
Mats_cd03: ive had assbot on ignore
this whole
time
novusordo: doesn't
that mean free hookers and beer?
Neil: So
the next diff is just over 5 billion
gribble: (bcauth <nick>) -- Initiate authentication for user <nick>. You must have registered with
the bot with a bitcoin address for
this
to work. You will be given a random passphrase
to sign with your address, and submit
to
the bot with
the 'bcverify' command. Your passphrase will expire within 10 minutes.
mike_c: i like
their faq. question: "How can you have USD strike prices but option prices in BTC?" answer: "Orders can be canceled by
their user at any
time if
they have not yet been matched"
jurov: how do
they want
to protect from manipuation?
cazalla: yeah, i wish
they would make more, shame
the books are a bit difficult
to read - at least for me
mike_c: hm, hornblower has got
to be better
than a book crichton wrote after he died
cazalla: not
the best book but i enjoy stuff like
that, hornblower etc
ozbot: Pirate Latitudes - Wikipedia,
the free encyclopedia
ozbot: BitBet - Bitcoin
to surpass Berkshire as an investment
cazalla: a pirate book, forget
the name
cazalla: no, what would make you
think
that
benkay: surely you meant
to say "bed me", cazalla.
radan: what are some good beds
to bid on
benkay: ;;later
tell blackwhite so
tell me sir what was your best source of dealflow?
jurov: the weight 59/100000 is less
than 1% bitbet fee , hence No loses
ozbot: BitBet - BTC difficulty
to increase by less
than 10%
peterl: well, yeah, but
that is a whole different issue entirely
peterl: yeah,
that link is what I was looking at. I seem
to remember it being worded differently in
the past. Probly I was just confused before.
ThickAsThieves: peterl, you still havent clarified whether
there are ever was a problem or misunderstanding
deadweasel: ozbot should spam
the channel with
that at least once a day. boom, no more support.
peterl: yeah, but you can only go down
to 99%
peterl: well, I seem
to remember people complaining
that late bets would lose money?
ThickAsThieves: and note
the number you expect
to get, in contrast with
the number you are getting
peterl: did
the
terms for calculating winnings change recently? I seem
to remember it used
to weigh
the whole amount bet, now you get what you put in back plus your weight of
the losing side?
ozbot: New system
tracks and zaps flies with lasers
to change behaviors | Ars
Technica
deadweasel: it's
this cheap way
to solve currently expensive problems. entire industries could be minimized or abandoned altogether (finance for one
deadweasel: mircea_popescu: "This
then resolves
the problem statistically, which is
to say on average and generally speaking, people are unlikely
to engage in morally hazardous behaviour. It also resolves
the problem quite cheaply, as it requires absolutely no human intervention,
the entire
thing works quite mechanically."
assbot: Last
trade for S.MPOE on MPEX was at 0.0009485 BTC [-]
benkay: backoff
thestringpuller blackwhite's mien
mike_c: don't you know graphs are supposed
to go up and
to
the right!?