813200+ entries in 0.48s
Bugpowder: I sold $20k
to a nice family of four in Santa Monica
mircea_popescu: BingoBoingo i never marketmade x.idiff ?! what are you
talkin' about ?
mircea_popescu: ;;later
tell dexx7 guy was actually emailing me about
the
thing. i sent him a list of no's and
the way we left it was he's gonna lurk here for a while figure shit out.
mircea_popescu: asciilifeform bloodcurdingly obnoxious shit. "everyone respect
the laws" ? bs.
ozbot: x-dream -
the 5th dimension (live in paris) - YouTube
skylax: bloctoc: what do you mean
template corporations?
bloctoc: …if
the power goes out, we go back
to cave - yes crypto or no crypto
that's
true. Same argument for breaking SHA256. As far as crowdsource law it will be nice
to see some
template corporations
that get set up by copy/paste instead of paying a lawyer $10K
to copy/paste. For what it's worth, I do
think
the smart contracts will do
that for us.
skylax: bloctoc: I suppose
the efficiency of crypto will erase many of worthless industries, but crowdsource law is pretty complex and unreliable so some kind of institution will still be present, if somehow someone made crowdsourced law work,
then
this method would be used in all legal fields such as commercial law and criminal law etc. Also
to mention crypto if heavily
technology dependent, if
the power goes out, we go back
to cave
BingoBoingo: bloctoc: Cryptostocks is
the Vircurex spinoff Vircurex IPO'd itself on
bloctoc: … unless "cryptostocks" is more
than some generic
term. In which case I never heard of it.
bloctoc: If I knew MP personally,
then sure. but MP might be
the FBI for all I know.
BingoBoingo: Look, if you want
to ipo without any gatekeepers isn't cryptostocks questionable enough for you?
monolithik: colored coins have potential but none of
the implementations are of sufficient quality yet
monolithik: mastercoin is a joke. ripple is
technologically interesting but will probably be a failure due
to high complexity and relative need for centralized
trusted parties
KRS|Gotyawallet: bloctoc a lot of bitcoiners are not happy with mastercoin for instance because
they're saying its centralized and a large portion of
the wealth is privately owned
bloctoc: oh, and cherry
trucks on
the cover of Rolling Stone.
bloctoc: I'm pretty excited about
the functionality suggested by mastercoin, ripple, and colored coins. I get
that all
those are not solid
technically yet, but
the direction is clearly laid out for
those who care
to believe.
bloctoc: skylax - A bunch of regulatory functions will be better served by crypto. Monetary policy is
the most obvious, but
there will be other "industries"
that will be made redundant.
There will be no more credit checks unless you actually want a loan. SEC no longer needed except for enforcement.
Title insurance gone.
Toothpaste still around.
skylax: @bloctoc what do you
think
the future of bitcoin will look like?
skylax: @bloctoc
the beaucrats will eventually give a shit if bitcoin becomes
too mainstream and manages
to manipulate other currencies
skylax_: @bloctoc
the beaucrats will eventually give a shit if bitcoin becomes
too mainstream and manages
to manipulate other currencies
benkay: that has
to have been a painful exercise.
BingoBoingo: benkay: Sycophants aren't a bad
thing, either
to have or
to be. I will admit
though
that mircea_popescu has made some poor decisions like Market Making X.idiff.
bloctoc: skylax you mean like China blocks CNN?
There's no battle right now, at most
there's fincen bragging
that
they found a way
to fit bitcoin into
their own status quo. I really suspect bureaucrats everywhere don't give a shit except
that reporters only want
to
talk about bitcoin.
benkay: don't go overboard with
the sycophancy now BingoBoingo
BingoBoingo: skylax: I
think you are mistaken. Bitcoin is now
the law and BitBet
the court.
skylax: @bloctoc
they could easily block
the protocol channels of any bitcoin related subjects. RIght now
there is a bit of battle going on between bitcoin and legal institutions, if bitcoin wins, meaning it can bypass
the law,
then I'm pretty sure a lot of other
things in society will probably be used
to bypass
the law in
the same manner.
BingoBoingo: Fiat will alway have
that niche of stuff
too boring
to
trade BTC for
BingoBoingo: bloctoc: Why would I want
to consider parting with something valuable like BTC for a consumable like
toothpast
though.
benkay: BingoBoingo: it doesn't look like
they use localbitcoins. i wonder if
that's even an option for
them.
bloctoc: skylax - how on earth would
the government shut down crypto?
bloctoc: you don't anymore have
to use fiat
to buy
toothpaste.
skylax: the goverenment will always have
the power
to shut down crypto,
they just won't do it yet
BingoBoingo: bloctoc: On some level people will always continue using some fiat in some role. You have
to buy
toothpaste sometime.
gribble: BitcoinAverage BTCUSD
ticker | Best bid: 510.04, Best ask: 511.53, Bid-ask spread: 1.49000, Last
trade: 510.13, 24 hour volume: 412704.96, 24 hour low: None, 24 hour high: None, 24 hour vwap: 557.2
BingoBoingo: asciilifeform: I imagine few consumer
things being as loud as a Netburst era Pentium 4, for most definitions of loud.
dub: applied
to snarfing bitcoin keys in 3-2-
mike_c: so
the good news, as far as i can
tell, is
that you have
to be decrypting a known, specially crafted message.
mike_c: amplifed over many
thousands of iterations, resulting in a gross leakage effect
that is discernible in
the
mike_c: iteration of
that loop is much
too fast for direct acoustic observation, but
the efect is repeated and
mike_c: zero
to appear frequently in
the innermost loop of
the algorithm, where it afects control fow. A single
mike_c: cancellations deep inside GnuPG’s modular exponentiation algorithm.
This causes
the special value
mike_c: tldr: "In a nutshell,
the key extraction attack relies on crafting chosen ciphertexts
that cause numerical
zz_: didn't read
the PDF. Guess
that would help.
mike_c: that is actually
the crux of
the paper.
zz_: asiclifeform: isn't
the CPU running at a few Ghz, while sound <20Khz? What exactly would
the cellphone pick up?
the20year2: The hope/assumption in
the beginning was
that we would be able
to outpace
the appreciation of bitcoin
through
the way we are handling real estate. Growth has been fantastic, but it hasn't outpaced bitcoin like we'd hoped. So,
then
the hope later on, and it hasn't come
to fruitition was a reverse hedge against BTC.USD drops like what we've been seeing. I
tried
to get investments again when BTC hit $1200 and few I
talked
the20year2: mikaeldice: for us it was just a way
to crowdsource funding on something
that
traditional investors wouldn't bite into
mikaeldice: Dual purpose: If nobody hacks it,
this adds evidence of 'sufficiency' with
the security, and if someone does hack it
then I can patch
the holes and reinit
the prize until no more holes are found
mike_c: the gain is proof of your system, right? unless you are expecting
to get hacked and
the gain is for you
to learn about holes.
mikaeldice: A
tiny bounty, but no entry fees. I don't want
to
take people's money, even if it'd make
the challenge more interesting. At
the same
time, with little
to gain, I would make
the bounty much smaller
mikaeldice: I need some
time
to set it up. I don't want people calling it a scam, so I might just put up
the server and make it a free for all
mike_c: on a different
topic, what happened
to your hack challenge mikael? still going
to do it?
mikaeldice: It seems like you'd be
taking on a lot of currency risk by sinking investors' BTC into fiat and
then real estate
mikaeldice: You're in real estate,
the20year2 ? What makes
the volatility of bitcoin a good choice for investment funds? Last resort?
the20year2: At some point, hopefully in
the next 2-3 months we'll be able
to access
traditional lending methods and
this won't be an issue
the20year2: We have decent legal council on retainer, our understanding seems
to be good.
Thankfully
the SEC does have a grace period for US investors if we have any, and
this last bitfunder purge brought it
to our attention.
mike_c: ok. good luck. i
think you're playing with fire, but hopefully you make it.
the20year2: US BTC investors :) International investors are fine, and we can microfund
that way
mike_c: if
that is
the direction you are headed, you are not going
to want
the monkey on your back of a
thousand
tiny btc investors.
the20year2: which is
the
threshold, since a PPM will require us
to spend say $8k or so
the20year2: I will once I feel
that we're sizable enough
to warrant a PPM
the20year2: My brother, who gave info
to my attourney
mike_c: ciphertrade..
that exchange
that hasn't launched yet. i have
this bad feeling about where you're headed.
the20year2: Of course, so
then
there's some other methods
that he felt would be SEC compliant with what we're doing, and he felt (From what he knows)
that ciphertrade might be a better candidate
than havelock
mike_c: good luck getting BTC investors
to send in proof of residence :)
the20year2: Yes and no, from his standpoint we can do it, as long as we attempt
to set in place a measure
to limit/keep US citizens from investing
mike_c: any crowdfunded/btc-funded raise is going
to be legally challenging in
the US
the20year2: Eh , it just needs
to be done right, and our lawyer isn't
too favorable for havelock
mike_c: tough
to avoid legal issues when raising capital
the20year2: We're doing pretty good overall IMO business wise, but I need access
to more capital, sadly.
the20year2: Yeah, i'm looking at any exchange realy, but i'm worried about legalities and
trying
to avoid future problems
the20year2: GUess
they only want BTC involved/denominated
then
ozbot: How does one list on MPEx ? pe
Trilema - Un blog de Mircea Popescu.
the20year2: I didn't realize he was
the foudner of mpex. Is he
the one
that deals with issuing?
mike_c: dexX7 just posted
to a link
to a paper describing what you want
the20year2: I'm asking
this specifically in
terms of doing
this with backing up coins as a specific set interest in income producing real estate here in
the US ,
then
trying
to figure a viable way
to pay back coin holders interest
pankkake: no, ripples never enter
the picture
pankkake: beware
that if you add
trust line for
the same currency (i.e. btc) it can decide
to exchange it between issuers without
telling you