777100+ entries in 0.496s
benkay: your alternative is
to
throw it away on scams
that don't have fees because
they're not really businesses.
nubbins`: i
think
the min deposit is more
than
that
mircea_popescu: asciilifeform
the point
there being
that
there's a point of delinquency where loan packages become unworthy. all
this is old fiat finance grease.
ThickAsThieves: i saw a btcjam presentation once, he was surprisingly
transparent
benkay: the fundamental assumption is
that a given operation will grow in value faster
than btc.
benkay: if you want
to actually invest it, put it into MPEx.
benkay: if you expect
to lose it, why bother?
WillTablet: benkay: if
that's
the case, why does anyone invest? I want
to do it as an experiment, and expect
to lose it all
mircea_popescu: (course ignoramuses
that
they are, it was a victorious point of pride)
mircea_popescu: they came out with figures at some point
that on average 30% of loans were delinquent.
benkay: without any risk due
to lending it out.
benkay: in
ten years
that 0.007 BTC will be worth several x your dollars
nubbins`: if
there's one
thing
that speaks
to a man's repute, it's his constant need of loans
WillTablet: During
the loan period, I will read up on shares and economics
benkay: why not just learn
the lesson, WillTablet?
WillTablet: Ima lend it
to a reputable borrower on btcjam or something
WillTablet: Ima
try and get some of it back, I prolly won't break even
gribble: Bitstamp BTCUSD
ticker | Best bid: 625.66, Best ask: 625.68, Bid-ask spread: 0.02000, Last
trade: 625.68, 24 hour volume: 26319.78171749, 24 hour low: 590.01, 24 hour high: 670.0, 24 hour vwap: 627.53549918
WillTablet: And I'm pretty interested
to see how it ends up
WillTablet: I gave myself a challenge - break even on
the $18 worth of server I used
to mine about 0.007 BTC worth of dogecoin
mircea_popescu: as a result got a pretty bad wrap in
the english language press of
the
time
mircea_popescu: you mean
the actual vlad or
the other vlad dracul guy ?
nubbins`: turns out dickens didn't go on about
the grocers for
the word count
mircea_popescu: they didn't have cgi in
the 1800s, and you can almost see how much
they'd have liked it
mircea_popescu: asciilifeform
technically Mircea însuşi mână-n luptă vijelia-ngrozitoare, Care vine, vine, vine, calcă
totul în picioare; is mircea himself leads into battle
the fearsome
tempest
that coming, coming, coming,
tramples everything underfoot.
Vexual: hes carrying
two desktops
nubbins`: the only instance i can recall
that a canadian went
the other way is when
that guy swam from windsor
to detroit after slamming 8 beers,
to see if he could
nubbins`: TATwalking: unfortunately, we let americans
through all
the
time
nubbins`: it's all
that separates us from
the savages
nubbins`: tbf i came
to
this chan with no such delusion
mircea_popescu: ppl come
to
this chan
thinking
they're real smart all
the
time.
benkay: i
thought it was mostly white with some
tatooos
mircea_popescu: obviously nubbins` did not read
the protocol enough
to know about
the checksum.
nubbins`: well, 1MatthewNWrightIsAScammer was
taken
nubbins`: there's what, 2^9 private keys
that will generate
that address
nubbins`: i was bequeathed some atc and now can't get anybody
to follow
through!
nubbins`: Apocalyptic, i
think you missed
the point by about 5km
nubbins`: tell
that
to my empty atc address!
mircea_popescu: i paid good satoshis for
that stuff i'll have you know.
nubbins`: "altcoin:
the commodity so valuable
that people don't even want others
throwing
theirs away"
mircea_popescu: he's not a producer, she is a whore, honesty all
the way.
benkay: all as like
transient guests
that occasionally show up and say nonsensical
things
nubbins`: "i'm a producer" can almost universally be responded
to with "no you're not"
nubbins`: TATwalking,
this is why so few are good at it
TATwalking: I
tell ya
tho software producing
takes a shit
ton of
time
to get good at
mircea_popescu: benkay i'm not giving preciously minted atc
to
the heathens!
nubbins`: i am entitled
to my entitlements!
benkay: pankkake: just
transfer
the coins nubbins` is
throwing away
to my account under your mgmt plz
benkay: we all sit around and
talk about what kind of sex we'd like
to have
mircea_popescu: someone prefers sexually conservative parties, somewhere in
that africa over
there across
the atlantic ?!
CiPi: Real men use real
things. :) Like bitcoin, not altcoin.
Mats_cd03: this is
the worst
thing i have listened
to in months
mircea_popescu: A scientific study published in 2005 found
that promiscuous men and women are judged equally harshly and a recent poll showed
that both genders
tend
to express strong preference for sexually conservative partners.
Vexual: altcoin is
the plural!
nubbins`: you'll
take
them if your address starts with 1AltcoinSucksCocks
benkay: i'll
take nubbins`' altcoins
pankkake: Mats_cd03:
the impaled northern moonforest of dubstep
cads: mircea_popescu: I'm not sure what came first,
the video game nerd or
the egg.
nubbins`: Mats_cd03: oh, you might be onto something
there
Mats_cd03: i imagine youd have
to be doped up
to care about altcoins
nubbins`: mircea_popescu, did you send
those atc yet?
nubbins`: pankkake sort of, but more people
take dubstep seriously
benkay: all
techno is cryptocoins
Mats_cd03: if you feel gangster listening
to
this
trap mix... we are in agreement
benkay: if
the
tools are free, why develop competence when everyone else you know hacking on
them is just as incompetent as yourself?
nubbins`: 10k "producers" watching a 5 minute
tutorial on youtube and "releasing
tracks"
benkay: nubbins`:
that's precisely
the problem. when people can't be arsed
to figure out how
to get
their
tools
to make money,
they don't arse
themselves
to grok
the
tools either.
mircea_popescu: it's not going
to end. italians are willing
to spend your money or starve. either way.
pankkake: well most of
the "dubstep" I like is closer
to drum and bass. still…
nubbins`: altho i suspect
the "free" vs "$10k+"
thing is a deciding factor when choosing softsynths over modulars
too