log☇︎
76900+ entries in 1.006s
thestringpuller: but as the difficulty rises I'm paranoid of their being a run on the stock
mircea_popescu: Namworld you know, not as a dig but, you seem regularly confounded by the state of the world in various details.
mircea_popescu: link you as soon as it's there, i think you'll appreciate.
kakobrekla: >. I have no qualms about what EskimoBob did so long as he pays for it, one way or another. And a 10% return in a little over a month is fine with me. I've evaluated his business plan and I rather like the little setup he has going. It works like this. Either he makes me rich, or he turns out to be a scammer and I get the last laugh. I could care less either way.
error4733: agree, but big mistake as a news noob i put 80% of my btc in S.dice
DeaDTerra: Well, I for one think that S.DICE is a good investment as the volume doesn't follow the BTC price perfectly but it does it well enough to protect okay against a BTC price fall but not good enough to totally crash when the BTC price spikes.
mircea_popescu: toffoo well, as far as i'm concerned :
jborkl: as it
jborkl: no, t takes them as tit receives them and stomps them
mircea_popescu: Ukto that;'s a good point as to the order, but
Ukto: as a block just went out
mircea_popescu: there's no such thinfg as ungodly.
Ukto: same as the 0 fee tx
ThickAsThieves: may as well solve one part at a time
Ukto: as I stated, very few high block pools sort by tx fee
Ukto: jborkl: yes, but as as service, it's a huge pain to constantly change that one line and restart
mircea_popescu: as far as i can see the backlog has been 5 to 10k txns for the past... 2 months ?
mircea_popescu: as far as i can tell, fee + well connected node -> next block guaranteed.
benkay: does multibit function as a node?
benkay: in addition to keysharding, i want to see merchant receipt/contract tracking as well
mircea_popescu: the fact that we know you hold shards adds a risk to you as a shard holder.
mircea_popescu: ah, so as a part thing.
pgp: multi-sig has many interesting applications as well
thestringpuller: mircea_popescu: yes which is why as youve stated the presence of big players (as yourself) keeps the economy from having a complete collapse. i pose a scenario where the noobs become educated. what occurs when the economy is composed of more competency?
pizzaman1337: "He does not understand these words, as is the case with all the words he uses." < best line
MJR_: almost 4 percent using one of the worst months as the test case
mircea_popescu: MJR_ nothing wrong with him as far as tv personalities go.
benkay: can't really say as I understand the value in paying much attention to the newly minted chattering classes on twitter, especially w/r/t high finance
jurov: the sigtime is same (down to seconds) as the one in stat
mircea_popescu: just as soon as they figure out how.
mircea_popescu: all pushes you received after you count as after.
mircea_popescu: but as a prototype : "21:08 <assbot> [MPEX] [S.DICE] [PAID] 445.0881225 BTC to". all pushes you received prior to 21:08 you count as before
mircea_popescu: the thing here is that this sorta conflicts on a philosophical level, as in, i'd rather have tx's dated by parties than by central system.
[\\\]: so it should be pretty stable as to the float at this time
ThickAsThieves: you can have as many bids as you want
thestringpuller: that will skyrocket as soon as divs are paid
gribble: Nick 'denialdenial', with hostmask 'denialdenial!~jcpham@unaffiliated/jcpham', is identified as user jcpham, with GPG key id C71FB5ED6ACE04AF, key fingerprint F7299BD73879E866613EAB24C71FB5ED6ACE04AF, and bitcoin address 16zaKwZC6n9BMipwLbewYGn8NXEgmN2f3Y
MJR_: like as a front end i mean
jurov: betting 4BTC at is the same result as 4 bets 1 btc each, all weights equal
cads: as if!
cads: mircea_popescu: as long as american public doesn't know to invest in in policies and products that help identity management and security, shit like this will keep happening.
mircea_popescu: is now known as down jones
MJR_: but it points to certification is only as good as certifier
ChaangNoi: ltc juped as well :/
MJR_: funny how the volume spiked at the same time as the ny market opened
cads: That would be extremely valuable to me, even as a failure.
mircea_popescu: cads you can run it as a strictly limited operation.
cads: If I have to set myself up to financially benefit, and hold the new company as a private organization, I will
cads: I believe I am creating this exchange as a gift to the community
mircea_popescu: the other definition of moral support however is as to third parties. you can't go around saying "i'm working with mp on this" unless we actually have a deal of some sort.
cads: mircea_popescu: I believe that what a student can do greatly increases even by having a teacher that says 'it is possible'. Moral support means philosophical and encouragement. It would mean a great deal to have whatever positive, constructive input you wish to provide. When we provide others with moral support, we do it only so far as it helps our reputation or internal sense of gratification at having helped someone.
cads: Also, as I intend to publicly document each step of the process, and then release the result for free to whoever wishes to provide starting reserve capital, I understand I will get ridiculed
mircea_popescu: there's parts about mpex that are very open, such as for instance the use of gpg to protect orderflow
cads: eventually when I can model arbitrary contracts, they will be implemented as a non-turing complete contract-composition syntax
cads: This is all. I do not expect more than an hour each week of interspersed conversation. About as much as we've talked already, in fact.
cads: only languages that are harder to use than haskell offer this feature. Language such as Agda II, Cayenne, bitc, or Coq.
mircea_popescu: as long as you're learning you can use anything you want.
mircea_popescu: so the most reasonable thing to do is set a clear sum of your own pocket aside as guarantee (10 btc, .5 btc, w/e)
bgupta: it's pulled back quite a bit as people who bought ltc at very low prices are taking profits
mircea_popescu: as the post delineated it
bgupta: I'm reading it as we take care of simple issues in 20 minutes… complex issues or outage related issues exluded.
bgupta: well, their PR matched my read on the situation, as a number of btc sites where were being hammered at that time.
bgupta: I don't read "when issues are not simple user-specific issues (or linked to an outage)" as "when issues are not simple user-specific issues that are linked to an outage"
mircea_popescu: reading is very important as a skill.
mircea_popescu: they are of the persuasion that pr is bullshit & lieing as much as possibkle.
Cryptrader: If BTC becomes a true currency - as businesses slowly adopt it, you will have no reason to exchange them back for fiat
denialdenial: as long as any exchange stays operational they are going to cost you a lot of money
bgupta: How is that they are worse than greece but not as fucked as greece. Guessing cause they control their own currency.
ChaangNoi: AM and friedcat is looking like the best bet right now on asics as far as i can invest, bfl, hhhaa no, avalon? maybe but at this price, no
mircea_popescu: pretty much nothing you see today will be here as bitcoin reaches maturity.
ThickAsThieves: "Butterfly Labs aka BFL will deliver ASIC Bitcoin mining devices to their customers before 1st of July 2013. Devices must be in scope of at least +-10% of advertised performance in order to be accepted as valid."
mircea_popescu: listen, everyone's getting raped just as soon as someone with a clue starts doing it.
cole_albon: mircea_popescu I apologize I read 04-03-13 as April 3rd. I'm from Missouri
bgupta: asicminer argueably, same with avalon. but they'll both need to pivot to satay an ongonig concern. mpex seems to be doing well, mtgox despite issues, is here to stay. sdice, excluding it's potential as an investment is a survivor. some of these info sites seem to be fine.
Lyspooner: if LTC pulls itself up by its bootstraps as BTC did, why dismiss it?
MJR_: since bitcoin is rarely used as a unit of account, people don't pay rent denominated in bitcoin, or have salaries denominated in bitcoin
grubles: everythings been smooth as warm butter
bitesak: just saw it on the swiss news tonight, french treasurer of current president exposed as having 2 cayman islands outfits..
MJR_: ah yes, not quite as puritanical
mircea_popescu: asciilifeform because lazy bums such as yourself haven't taken one apart to prove this.
mircea_popescu: far as i'm concerned the laugh of the year is that after demonstrating a box of fans at that convention, bfl "delivered" to their shill "cumstomer" a board which cools passively.
mircea_popescu: an entire life dedicated to hanging as a sheep pregnant with twin lambs
asciilifeform: mircea_popescu: yes, that plus https://github.com/Azelphur/pyMPEx (as linked from your manual, actually)
deadweasely: and it's lame as hell, don't use it
asciilifeform: mircea_popescu: you gave me 1.0, which turned into 1.4. As described in my review of the service.
asciilifeform: I know this is a hard sell, but it seems to me that things like Silk Road are steps in the right direction. Right now, most BTC users are law-abiding wimps who will give up if their gov. so much as sneezes at them. But if you can get organized crime to actually rely on BTC in a serious way, it will be invincible.
asciilifeform: mircea_popescu: I was arguing from the "may as well hang for a sheep as a lamb" angle.
mircea_popescu: and an armored truck costs as much as an oil tanker, 20k a day
mircea_popescu: as running the cash ops is the most expensive part of retail banking
bgupta: Business as usual and the world moves on http://www.foxbusiness.com/technology/2013/04/04/bitcoin-exchange-bombarded-by-another-massive-cyber-attack/
MJR_: the point is that as long as btc is only good for finance people, you won't get mainstream adoption
MJR_: most people who spend money don't think of it as a forex transaction
MJR_: that is the point, you don't need to see btc as an INVESTMENT
MJR_: as long as bitcoin is a speculative asset
MJR_: in fact...you could even set it up as an ewallet service if you would rather go that way
pgp: so long as gox is at the center of it - it will be a costly investment for first round funding guys...
pgp: i hear your arguments, but my gut tells me that it probably won't work as smoothly as one would hope and the logistics will be a problem
MJR_: think of bitcoin as a credit card like discover which no one takes
mircea_popescu: also note that people does not have a singular. but if you prefer i'll refer to you as "you peopl" in the future.
jcpham: Do something in a haughty way, as though it is below one's dignity or level of importance.