log☇︎
766700+ entries in 0.495s
mircea_popescu: so this presentation overtstates losses to make a better story.
mircea_popescu: had various losses here and there
mircea_popescu: they lost some btc, kept daytrading to make it up, kept losing,
kakobrekla: the real fear is luke jr, ThickAsThieves .
mircea_popescu: azi` basically it's the bitcoinica blueprint rehashed.
ThickAsThieves: <asciilifeform> quantum safe? // ya we are at the mercy of vitalik's and jordan ash's turing quantum miners
azi`: they were stealing large sums of money but everything was fine until the FBI closed them down which caused a panic of withdrawals after reopening
azi`: the case reminds me very much to the case of full tilt poker, really..
azi`: mircea_popescu: so you think it's in no way related to the fact that they had some legal issues with authorities?
ThickAsThieves: omg someone on twitter just used "Bitcoin is not Quantum Safe, sorry." as an argument
azi`: doing it just now.. i am wondering if it can change my view that gox was just too incopetent to run this "get bitcoins and run" scheme
ThickAsThieves: Havelock's response to my market cap fix request "I will keep you posted on when this will be updated and how."
mircea_popescu: read that and follow the links. you'll get it.
mircea_popescu: azi` dude, they just bundled everything together.
azi`: and its unreasonable to think they lost the wallet to the cold storage thing
azi`: i mean, no blockchain info about the 700k bitcoins
azi`: i'd really like to know what was going on at gox
ThickAsThieves: "The hack rates as one of the largest heists in history"
nubbins`: no, only got as far as the login screen. keyboard input goes to the terminal window rather than the un/pw textboxes
nubbins`: prob needs some editing, i'll take another look over it later. this is my first time writing a wiki article
mircea_popescu: ahahaha that icon is deathly cute
asciilifeform: mircea_popescu: modern boys don't want time machine?
ThickAsThieves: i requested a mexican translation?
mircea_popescu: (well... he's bicurious. and he thinks he might be gay)
mircea_popescu: maaaaybe some kid wants to be at stonewall
ThickAsThieves: that's the plan
mircea_popescu: wanting to starve as sufragettes or something.
mircea_popescu: asciilifeform i don't think these exist anymore, and if they do exist they're prolly girls.
mircea_popescu: btw, ThickAsThieves saves the day. if bitcoin is banned we move to altcoin
asciilifeform: (what's the word for what used to be a normal kid, who wants a time machine so he can get clobbered in stalingrad like a real man? 'armchair private' ?)
asciilifeform: i'm just a noob to the sheer magnitude of the apparent civilizational decay.
mircea_popescu: "mpex drops 1% on news of ceo wasting his time talking to idiots on twitter"
mircea_popescu: my armchair generals are qualified to discuss anything because they once finished a game of starcraft
ThickAsThieves: someone should do an article on the senator that has "BTCUSD fell -1% on the news"
mircea_popescu: i suppose we may mean different things by the term.
mircea_popescu: asciilifeform i don't think armchair generals are allowed clausewitz
ThickAsThieves: a scourge on the nation surely
mircea_popescu: ThickAsThieves droopy tits is what they should ban
ThickAsThieves: "please clarify whether this ban would apply to @dogecoin also?"
jurov: asciilifeform that leaves obvious coinclusion about bruce schneiers recommended password solution
asciilifeform: i've nothing against armchair generals, so long as they don't labour under the delusion of commanding actual soldiers.
mircea_popescu: midnightmagic no but w/e, he was talking at me on twitter. so i respond. and when i respond to people i don't know it highligths them to research team too, so they give me a "who's this guy".
ThickAsThieves: "After you ban #bitcoin, could you ban really hot, humid weather? It's really the most annoying weather."
mircea_popescu: kids take over this one
midnightmagic: mircea_popescu: :-/ I don't think so, fwiw.
mircea_popescu: i guess protecting the term is impossible, actual people doing strategy will have to find a new word
mircea_popescu: asciilifeform in retrospect, "strategy" on such venues should be taken as an indicator of consumate armchair generalship.
asciilifeform: new theory. twitter used by thinking people is really stego blockchain.
ThickAsThieves: bitstamp is much less prone to "crashes" on "bad" news like this
midnightmagic: mircea_popescu: Why do you waste your time with people like that? Is he some kind of uber-wealthy gateway?
BingoBoingo: So Imma guess this recent drama means rally soon
mircea_popescu: dun-dundun you're in the shitter nao
mircea_popescu: im on twitter nao
mircea_popescu: @Mircea_Popescu Didn't realise I had to get all my sources of income approved by you before I proceed. I'll remember for next time, thanks.
mircea_popescu: @TomHashemi Sure, most actual strategists I know advertise themselves as cooks, streetsweepers, merchandise stacking "executives" and so on
mircea_popescu: @Mircea_Popescu errrr maybe because I do both? try reading the full page before you comment...
mircea_popescu: @TomHashemi No. And why am I talking to derps who think they may put "strategy" on their bio when what they do is code websites ?
mircea_popescu: @Mircea_Popescu Nope... I've read enough of your nonsense on bitcointalk to do it on twitter as well
mircea_popescu: @TomHashemi Did you want to share something with the group ?
Duffer1: none of that sentence made sense
mike_c: what about the lazy americans?
gx: Before the U.S. gets too far behind the curve on this important topic, I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.
ThickAsThieves: the whole thing is absurd and insulting
Duffer1: not like the premine was a lot of coins just a mere 50%
ArsKisS: ThickAsThieves, well, that knida explained :P
ThickAsThieves: it's premined and there's a hard fork already?!
asciilifeform: it's gonna have to be something more subtle
mircea_popescu: as soon as they figure out wtf they are. will be 2015 at the ealiest.
asciilifeform: as soon as these folks figure out how to diddle the crypto
asciilifeform: national altchains are inevitable - just like the idiot national cryptosystems of the '80s-90s
ThickAsThieves: is what you mean to say
gx: god, that article just drives me nuts
ArsKisS: afaik they gonna distribute
ThickAsThieves: where do you see the gov being involved?
ArsKisS: ThickAsThieves, iceland government gonna scam their citizens?
ArsKisS: btw what do you think?
ThickAsThieves: cuz they failed
ThickAsThieves: i like those examples
mircea_popescu: the usg has the god given right to destroy any wealth of its citizens it can.
mircea_popescu: because srsly. that's where it's aty.
ThickAsThieves: i wonder, is there a legal ground for disallowing the USG to ban it on grounds that it would destroy huge amounts of wealth for US citizens already invested?
mircea_popescu: and then do website design for a living.
mircea_popescu: meanwhile i'm having fun on twitter with twerps who describe themselves as "Strategy & Research"
ThickAsThieves: "Bitcoin has also become a haven for individuals to buy black market items. " shit it's harder to get stuff with bitcoin than dollars now
asciilifeform: only reason the ban isn't official yet is that ft. meade hasn't finished the beta version of the IRSCoin that u.s. citizens will be asked to trade their TerroristCoins for.
ThickAsThieves: [15:09] <ThickAsThieves> look at those assholes shoving iphones in his face
ThickAsThieves: every politician needs some aide telling him to consider what implications his comments have on the US dollar
ArsKisS: you didn't see the rows before my comment
mike_c: "I am most concerned that as Bitcoin is inevitably banned in other countries, Americans will be left holding the bag on a valueless currency"
ThickAsThieves: look at those assholes shoving iphones in his face
the20year2: at least bots think you're important
mircea_popescu: takes about 3 minutes to cut through 25 interactions.
mircea_popescu: most of it is just spam basically made to make one feel important.
thestringpuller: you ignore them
mircea_popescu: how is one supposed to handle this shit
mircea_popescu: jesus fuck, i go craft, check twitter half hour later, 24 interactions
the20year2: Then, depending on accreditation you then are limited to a number of investors
the20year2: To issue bonds in the US, up to $50m all that is required is to issue a PPM and file with the SEC in the respective investor's state
the20year2: There's a medium sized REIT i ran into out of texas that issued bonds here pretty recently in the same way I would like to do ours
thestringpuller: people need to stop financing period until their business actually runs