log☇︎
787000+ entries in 0.534s
asciilifeform: hence the microscopic yield
asciilifeform: mircea_popescu: if i recall, that was btc proper
mircea_popescu: pankkake was a link here coupla days ago bout some game site that got hussled by ny for 1mn over having made $3500 from exploiting user gpus
asciilifeform: pankkake: the ones i've seen most recently mine scrypt coins (the ones that are actually worth a little)
pankkake: and those cpu coins are barely profitable unless you don't pay for electricity I think
pankkake: botnets (except those with good enough gpus, I think there is one that was targetting gaymers) don't mine scrypt anymore, there are cpu-only coins for that
mircea_popescu: a war is decided by which way the hills slope
asciilifeform: just that it would have to be done by someone other than wankers
asciilifeform: note that it is not, in principle, impossible to pull it off
mircea_popescu: Duffer1 the altcoin is sha256, not pumped and not premined. just like... you know... NO OTHER ALT out there.
mircea_popescu: asciilifeform indeed. as if such a thing belongs anywhere outside of a creative reenactment society meeting
ThickAsThieves: but if they dont use sha they are fighting the wrong people
asciilifeform: every altcoin is really an attempt to 'refight the war'
the20year: Correct ThickAsThieves
mircea_popescu: i wonder how many people realise that when they hash scrypt they hash socialism.
the20year: Don't quote me on that , but off the top of my head i think it's 90 days
the20year: Yes, i think it's 90 days
mircea_popescu: so some idiot somewhere comes up with "non-asic" pow, so that the nobody may matter.
mircea_popescu: he wants this LEGISLATED into fact.
mircea_popescu: that shit i always found hysterical. man with a computer wants to matter.
mircea_popescu: <asciilifeform> afaik they've mostly switched to altcoins now << the scrypt coins yeah.
ThickAsThieves: "The company has asked a French court to suspend this order while it appeals the CNIL's decision and fine, but the CNIL insists that if Google can promote its own services on the homepage, it can also publish the news of the sanctions."
benkay: the20year: how long do you expect this IPO to take?
ozbot: McGruff The Crime Dog Likes To Get Hiiiiigh
ozbot: Plane grounded after failed hijacking attempt | The Verge
asciilifeform: (in fact, i'd be surprised if this weren't the primary mining force there)
asciilifeform: afaik they've mostly switched to altcoins now
asciilifeform: the situation re: botnets is interesting. mining remains the only way to monetize a crapnet without dealing with humans
ThickAsThieves: oh the experiences we'll have!
mircea_popescu: maybe they bring really good drugs.
ThickAsThieves: more profitable to help SETI
mircea_popescu: they do have a cost, even if you're not paying the elec. cost of opportunity in that case.
ThickAsThieves: if not cuz elec, or such, then cuz Altcoin
the20year: buyahash's dividend has done pretty decently, but their big benefit was a foray into equipment sales
ThickAsThieves: of course that never hit zero anyway
ThickAsThieves: not for TAT.VM
mircea_popescu: most mining units by count are underwater today, because of the cost of elec.
mike_c: effectiveness is dependent on liquidity on havelock though.
benkay: you expect to convince me the difficulty will decrease.
the20year: The big thing we offer is a effective BTC short, since we're primarily denominated, and a opportunity to get reasonable gains in fiat
the20year: I think long term the growth will be fantastic, but i was also called a idiot when btc was at $1250 trying to get more shares sold for fresh capital because they expected btc to hit $2k or $3k in just a few weeks
ThickAsThieves: benkay that is not certain
benkay: like a perpetual mining bond's value going to zero.
the20year: We had shares already issued prior to the IPO
ThickAsThieves: Verizon has denied this to be true
benkay: ipo page shows 48953 units outstanding, havelock announcement email mentions 78534. what the ever loving fuck.
the20year: 78k shares of stock at .0055btc/ea , so if those sell out we have $321k in cash
ThickAsThieves: In a live support chat with a Verizon representative, Raphael asked if there was any throttling of websites hosted by Amazon Web Services (AWS), which include Netflix, and was told, "Yes, it is limited bandwidth to cloud providers."
the20year: benkay: that's a risk investors take, otherwise it only makes sense to invest in things that are like BTC exchanges, options ,ect
ozbot: Net Neutrality battle begins as Verizon appears to throttle Netflix- The Inquirer
Duffer1: 78k units offered i think
mircea_popescu: course.... where you got the 78k from ? or what am i misunderstanding here ?
Duffer1: pretty much the same things that's happened to most assets
benkay: i'm interested to see what happens when divs fail to match btc appreciation.
the20year: even moreso when everything is not only filed with the county, put online, but everything we buy has a title company certification letter too
the20year: Yeah, that's just not possible with the local government
mircea_popescu: pretty difficult to fake land deeds (not to mention felonious)
the20year: I might consider 25k or 50k additional shares on ciphertrade just to test the platform out, but likely there won't be another round of share-type funding, 1.125m is our goal from this round and if we hit it we should be able to get the portfolio access I want
mircea_popescu: i guess this is an interesting test for havelock, because if the kid now fails to buy properties worth whatever he supposedly got from the ipo the difference will have to somehow be explained.
the20year: That's likely the only block
mike_c: "we are releasing a total of 228,534 additional units at .0055btc per share"
mike_c: that's the first block. something like 220k total (shares)
gribble: MtGox BTCUSD ticker | Best bid: 760.00003, Best ask: 767.36952, Bid-ask spread: 7.36949, Last trade: 760.0, 24 hour volume: 46240.65512575, 24 hour low: 651.70976, 24 hour high: 855.0, 24 hour vwap: 733.76646
Mats_cd03: real good for its time
mircea_popescu: basically the libor was a scam, the forex is a scam too. fiat is about as bad as bitcointalk
Mats_cd03: and the front-end for a satellite dish was running vb6
Mats_cd03: i worked with .mil networking equipment the other day
ozbot: UK watchdog says forex probe to stretch into 2015
mircea_popescu: and those are splendeed teats.
jayk: at least i dont have to uudecode them anymore
ThickAsThieves: welcome to the internet
mircea_popescu: 70s hair was fashionable too
gribble: Transcranial direct-current stimulation - Wikipedia, the free ...: <http://en.wikipedia.org/wiki/Transcranial_direct-current_stimulation>; FOC.US - transcranial direct current stimulation for gamers: <http://www.foc.us/>; tDCS and rTMS: Is brain stimulation safe and effective? - Slate: (1 more message)
Duffer1: ;;google transcranial direct current stimulation
mircea_popescu: why not put current through your sister's brain like sane people.
mike_c: and that's when the design for cardano came to you?
mircea_popescu: lol the plasticity of brain stuff ?
asciilifeform: confession: at one point when i was younger, i did succumb to the temptation to replicate various soviet experiments and put current through my brain. ☟︎
mircea_popescu: molecular chemistry to be precise.
ThickAsThieves: soon is always yet to happen
pLambert: wait, I misread it, I thought it said trading owuld poen soon, actually just IPO is open
mike_c: trading goes active before the ipo is over?
pLambert: so, any guesses on how far RENT is going to fall once trading goes active in a couple hours?
benkay: cye is everything that is wrong with america
asciilifeform: re: hallucinogen: http://img0.joyreactor.cc/pics/post/%D0%BF%D0%B5%D1%81%D0%BE%D1%87%D0%BD%D0%B8%D1%86%D0%B0-quotes-786200.jpeg (translation: most often, the words 'you ought to try everything in life' refer to dope and porn acting, but much more rarely to quantum physics and chemistry' ☟︎☟︎
herbijudlestoids: and with that, its 0505, bedtime
herbijudlestoids: well in my mind its no argument that seinfeld is better, but i enjoyed curb your enthusiasm
benkay: in any event, we now have a test case for "you can raise it but you can't spend it".
benkay: havelock doesn't report tick direction to assbot?
mike_c: ^ congrats the20year
ThickAsThieves: i wouldnt be surprised if this is just the beginning of negative PR on bitcoin fron cyprus banks
ThickAsThieves: did you see the tv ads?
ThickAsThieves: no black vans at his house yet though
ThickAsThieves: well i know the banks know he exists
mircea_popescu: ThickAsThieves i take it the fuckit neobee ceo is all over this rite.
mircea_popescu: basically, larry david was the rock holding down seinfeld. once they got rid of him the show noticeably improved.
mircea_popescu: "reality tv" style cinematographics ?
mircea_popescu: do you have ANY IDEA how bad that show is ?
mircea_popescu: herbijudlestoids by the way, i checked out s1e1 of curb your enthusiasm ☟︎
mircea_popescu: this was news to reddit ? lol