757300+ entries in 0.526s
dexX7: well, it would certainly be nice, if it were firestartr.co who hosted
the file and even more, if it were gpg signed,
that of course
mircea_popescu: i
think perhaps you're unfamiliar with what an audit is ?
kakobrekla: careful
there, one day he wont be able
to reach it.
the bar i mean
kakobrekla: >>Kodrič also projected
this process would “raise
the bar” for other exchanges
to follow suit.
nubbins`: finally, an excuse
to wear my spacesuit
Bunnyh: from what i can
tell it looks like bitstamp isn't using any spf rules on
their domain, wouldn't
that block many phishing attempts?
dexX7: but nevertheless i
think
they were attacked,
the number of reports of spam
to bitstamp users is very, very high
mircea_popescu: (this is useful for
the fractional reserve business not exactly because it improves cash flow, which it does not, but much moire because it allwos it
to "see into
the future", as it were, ie
to know ahead of
time what financial resources it will need down
the road)
mircea_popescu: Bunnyh unless
they have a fractional reserve problem and
then
they do rolling window withdrawals
Bunnyh: i had only 6 BTC
there so unless everyones withdraws were blocked at
that
time, i can't imagine it was any kind of liquidity problem
Bunnyh: first support response was
the same message, even with
the "Please contact support part",
that was a bit funnyt
Bunnyh: yes, after
they finally cleared
the block
the withdraw was pretty fast
kakobrekla: phishing attacks cause
they were hacked which
they didnt admit?
Bunnyh: took a few days
to clear
that out
Bunnyh: i got
that
too a few weeks ago. i got an email
too, which explained
that withdrawal was blocked because of attempted phishing attacks, and i had
to contact support
kakobrekla: i dunno what difference does it make, its btc we are
talking bout
mircea_popescu: kakobrekla is
that what
they say when an acct is unverified ? or is it what
they say when
they're out of btc ?
mircea_popescu: but literally it'd be "they go looking for cunts
to make fall-in", as in
the military
thing.
kakobrekla: yes, lel,
the guy making
the shot mentioned i should look at css.
jurov: "Go forth in search of fun"
translates into "Merg sa-si caute pizde de scos la raport", rly?
mircea_popescu: His Most Eminent Serenicy, Patrick Byrne, Messiah-CEO of
the Bitcoin Realms
jurov: trying
to reinvent austro-hungarian nomenclature and failing badly
jurov: i did not get
the overstock spam, should i fear i'll be left behind by impending rapture?
dexX7: sometimes i wonder why such experts dare
to
think
their contribution was asked for in
the first place
dexX7: The stability and longevity of
the virtual currency, which exists outside of government and bank regulation, has been in question ... yeah well,
tells enough
mike_c: it's not FAIR.
that's what of it.
mircea_popescu: because privileged upper class british explorer people got bored playing
the anthropologist
bitcoinpete: and we still have
to share our privilege with africa
mircea_popescu: all
these kids running around acting as if universal equality is somehow a fait accompli.
mircea_popescu: some people are better
than others. intrinsically so. unequivocally so. what of it ?
mircea_popescu: all
this aside : nobody has so far explained what
the problem is with privilege in
the first place.
ozbot: Check Your History :
The Freeman : Foundation for Economic Education
bitcoinpete: "Those in
the 21st century who are most enamored of
the word privilege—and often wield it as a bludgeon—make
two mistakes. First, as Skwire shows us,
they underestimate
the complexity of power dynamics and social context. But
they often
take it a step further. In
the name of reducing
their newer, fuzzier kind of social privilege,
they often advocate increases in
the simple, old-fashioned, government-based variety."
mircea_popescu: lulzy : as it is downgraded
to "one of
the world’s leading advocacy groups for
the cybercurrency," bitcoin foundation hires jim harper and some pr
dub: is
this some form of comedy?
mircea_popescu: sence in
the picture will accentuate erratic price swings unrelated
to underlying business developments.
mircea_popescu: split or in anticipation of one would definitely downgrade
the quality of our present shareholder group. (Could we really improve our shareholder group by
trading some of our present clear-thinking members for impressionable new ones who, preferring paper
to value, feel wealthier with nine $10 bills
than with one $100 bill?) People who buy for non-value reasons are likely
to sell for non-value reasons.
Their pre
mircea_popescu: Were we
to split
the stock or
take other actions focusing on stock price rather
than business value, we would attract an entering class of buyers inferior
to
the exiting class of sellers. At $1300,
there are very few investors who can’t afford a Berkshire share. Would a potential one-share purchaser be better off if we split 100 for 1 so he could buy 100 shares?
Those who
think so and who would buy
the stoc
mircea_popescu: with at least several
thousand public shareholders and more
than $1 billion of market value, we are almost certainly
the leader in
the degree
to which our shareholders
think and act like owners. Upgrading a shareholder group
that possesses
these characteristics is not easy.
mircea_popescu: Investors possessing
those characteristics are in a small minority, but we have an exceptional collection of
them. I believe well over 90% - probably over 95% - of our shares are held by
those who were shareholders of Berkshire or Blue Chip five years ago. And I would guess
that over 95% of our shares are held by investors for whom
the holding is at least double
the size of
their next largest. Among companies
mircea_popescu: Through our policies and communications - our “advertisements” - we
try
to attract investors who will understand our operations, attitudes and expectations. (And, fully as important, we
try
to dissuade
those who won’t.) We want
those who
think of
themselves as business owners and invest in companies with
the intention of staying a long
time. And, we want
those who keep
their eyes focused on business resul
mircea_popescu: In large part, however, we feel
that high quality ownership can be attracted and maintained if we consistently communicate our business and ownership philosophy - along with no other conflicting messages - and
then let self selection follow its course. For example, self selection will draw a far different crowd
to a musical event advertised as an opera
than one advertised as a rock concert even
though anyon
mircea_popescu: acceptable dress. Shareholder eugenics,
therefore, might appear
mircea_popescu: it is in both your interest and ours
to minimize
their occurrence
mircea_popescu: buying and selling
the stocks of other companies. But we
think
mircea_popescu: based decisions, some pretty silly stock prices are going
to
mircea_popescu: buyers attracted
to it are prone
to make irrational or emotion-
mircea_popescu: If
the holders of a company’s stock and/or
the prospective
mircea_popescu: from value, Berkshire might well be priced similarly.)
The key
to
mircea_popescu: companies are generally selling in
the market at large discounts
mircea_popescu: a price rationally related
to its intrinsic business value. (But
mircea_popescu: One of our goals is
to have Berkshire Hathaway stock sell at
mircea_popescu: The assumption behind
this question usually appears
to be
that a
mircea_popescu: it's unlikely
to buck
the us emigration
trend, but who knows.
mircea_popescu: people who like it can move
to ny, people who don't like it can move out of ny.
dexX7: yeah well. is
this a bad
thing?
mircea_popescu: but
that's at least part of why
the "someone will actually manage
to spring up somewhere
to allow us
to
trade in confidence" part is in
the last mpoe statement.
mircea_popescu: that's why
they'll gladly give you "401k" in exchange for your paycheck.
mircea_popescu: the system is desperate
to acquire as much as possible of
the real portion of
the monetary base.
mike_c: the asset seizure laws are what get me..
they are just unbelievable.
mircea_popescu: for
the directly obvious reason
that
the
trilion in question doesn't really exist.
mircea_popescu: a
trillion dollars is not much loss for usg ineptitude. a hundred grand is
too much gain for real world people,
mircea_popescu: mike_c put
that in perspective.
the bezzle is
the bezzle. people who are authorised
to handle
the imaginary portion of
the monetary base may do X Y Z
types of
things. people who are not, however, may not.
mike_c: defendants Certain Unknown
Traders"
mircea_popescu: anyway, no, we're not
there yet. currently
the sec is
trying
to get its shit
together
to be able
to cooperate with mp.
mircea_popescu: mike_c yeah,
they weren't on
the list of people who are allowed
to make moneyz.
dexX7: here is a general warning: mp cooperates with
the sec, so be careful what you
tell here
mike_c: what.
the. fuck. "all ur assets belong
to us". and now
they have
to *prove*
their innocence?
mircea_popescu: that's what an investigative finacial journo
that's looking
to jump out of a window would pursue.
mircea_popescu: so you know, where's
the list of washington, dc people who bought
tsla pre-release.
mircea_popescu: here are
the companies
the government supports, here are
the people it doesn't support, "rule of law" stuff.
mircea_popescu: basically we're seeing
the 1990s of
the russian republic all over again.