log☇︎
81871 entries in 1.376s
Diablo-D3: as in, I hire a lawyer.
mircea_popescu: Diablo-D3 did you ever work as tech in a dc ?
mircea_popescu: A dedicated facility will be purchased or built on un-/under-developed land located in Maine due to our cold 6 months out of the year environment and lack of natural disasters. $150k will be set aside for this purpose as a soft estimate.
mircea_popescu: as such, the benefits of making a large company out of many fpgas are neglectable
mircea_popescu: be that as it may, the problems with your design are that anyone can run the newer fpgas. the days when gpu's required competence from the operator are gone.
mircea_popescu: mno. i could just as well point out that it's because mpex went from 300k to ~5mn valuation, it's mpex that people are speaking about.
Diablo-D3: theres talk about other companies going the same route as DMC
Diablo-D3: I'm ipo'ing as a company that does many things
Diablo-D3: they ipo'ed as a car manufacturer
mircea_popescu: they ipo'd as a car designer.
mircea_popescu: ya but they didn't actually ipo as a car factory
mircea_popescu: you didn't ipo as a bank.
mircea_popescu: if you ipo as a shoe factory you can't take the money and buy shoe factory shares in other factories
mircea_popescu: if they fail you don't end up with large capital costs writen off as losses this way.
Diablo-D3: as for holding other people's paper... its worth it.
Diablo-D3: Im still accepting 15 1mh bonds/shares for 1 DMC as well
kakobreklaa: hopefully cryptostocks will be streaming soon as well
usagi: Well the idea I have so far is to mark each private key (and address) with a locked flag, as I stated, then freeze spending in CWallet::AvailableCoins() for example. Then a second feature would be to encrypt individual keys.
usagi: Kind of like encrypting a whole wallet and still being able to maintain balance info as transactions come in
kakobreklaa: >>As far as I can tell Alberto can fix the current issues; and even if Bitdaytrade ends up a dead end (merely the bad press from this controversy could harm its growth), he can still fulfill the bond contract.
mircea_popescu: this will become famous as "the bcrypt defense"
kakobreklaa: >>Alberto says that it was originally bcrypt but there were implementation issues so he temporarily switched to MD5. As mentioned I'm not a security expert so I can't assess how plausible this is. I'll wait for Alberto to make a clarification of this and other issues.
nefario: but not as good
smickles: libreoffice is to open office as chromium is to chrome
mircea_popescu: google docs sucks almost as bad as novell netware.
area: Intersango is down as of this morning, but it's certainly not dead
Chaaaang-Noi: even if i pay double in usd i still get 2 times as much
DeaDTerra: and it seems quite complex, but it's probably something I will end up investing in as I need to be able to long, as the increase in price is having a huge effect on GBF
DeaDTerra: I just feel like this is something I should research as I need to know what I am getting into
dub: diablo's blog is down as well
DeaDTerra: donw for you guys as well?`
DeaDTerra: as soon as I get somewhere to hedge they get hacked xD
BTC-Mining: As in PHP sepatates the template from the page
rg: (which btc-mining can do as well)
Harvey00: Yeah, as Marx said, the workers should own their means of production. ; )
nefario: will be more soon as well
rg: so its only as strong as its weakest link
mircea_popescu: we don't need standards as much as we need better hats
mircea_popescu: You've (almost certainly inadvertently) stumbled upon my contact page... Aren't you lucky! :) You might know me from one of my venues, but feel free to roam around and explore some of the other things I'm into as well. And, of course, please don't hesitate to contact me. I'm very friendly, and I rarely bite (hard)...
MoneyIsDebt: As good a reason as any....
rg: 192.168.x is the same as 10.x
rg: its on the same line as hiding all your windoze boxes behind a firewall
rg: you just need to treat any input from the user as a potentially AIDS infected needle
rg: apache does run as root
nefario: as user www
mircea_popescu: apache runs as root ?
nefario: it's running as root
Harvey00: Are they running as fucking root? lol
Harvey00: Are they running the server apps as root?
mircea_popescu: i don't usually read reddit, it strikes me as about on par with bitcointalk, intellectually.
BTC-Mining: As the USA's hat*
mircea_popescu: and we'll be thought of as titans, like the people with the 10k btc pizza.
BTC-Mining: Well, transactions amount have raised overall. What was thought of as a fad that would go away at the turn of the first bubble actually survived quite well.
mircea_popescu: was as high as 13.45 fo reals.
Diablo-D3: I think Im going to start a motion to not pay dividends for the next few months as well
Azelphur: shits tempting as hell
mircea_popescu: im fresh as a newborn babe.
Luceo: Yeah Chinese government doesn't give a fuck what you do as long as you dont' attack them
Azelphur: it won't really be of any use to anyone, if someone is going to make an exchange they may as well do it from scratch
Azelphur: every time I give something out that is unfinished as no support, people pummel me with questions
MoneyIsDebt: But I have the same concerns as Azelphur - handling ppls money securely
smickles: ciuciu_: i don't see that link as having any meaning in the context of this conversation
smickles: english as my native language may have harmed my ability to spell in latin
imsaguy2: coming out as CIO?
mircea_popescu: "Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the
mircea_popescu: "BTCST has the right to change the terms of its outstanding deposits at any time, as long as there is advance notice of at least 30 calendar days."
BTC-Mining: imsaguy came out as CIO?
smickles: ciuciu: it is a bit of a kludge, but the only funds s²cm has with imsag were the funds that were with him b/f he came on as CIO
smickles: just leave it as unrealized gains
smickles: mircea_popescu: i figured it out, as a 'merican, culturally, i don't think losses in business are a bad thing. ya know, the whole learning from failure thing that has propelled business like Apple and such. I suspect ciuciu isn't 'merican
usagi: Five thousand miles away from Japan, in a city known as "New York", a man ordered a cup of coffee. He paid for it with a dollar. Little did he know that due to the butterfly effect, five thousand miles away from New York in a country called "Japan", a young Englishman pretending to be Japanese had come up with a genius idea. Or perhaps it was the hundredth monkey theory. The point is that the man who bought the coffee was a computer
usagi: "...as long as there is advance notice of at least 30 calendar days"
gigavps: i fulfill the contract as written
mircea_popescu: that bitcoin consultancy disaster has been multiperson for abnout as long
Diablo-D3: they're not as new as you think they are.
mircea_popescu: Diablo-D3 there are some cheaper variants to set up that deliver dubious product, as in, the economies of scale don't get to play much
mircea_popescu: which are specifically made to exist as prototyping units.
mircea_popescu: an asic run is in the 50-100mn range as the absolut minimum. they don't have 50 mn.
BTC-Mining: As usual, only considers hashing for trading, not BTC price
teek: usagi, this isn't really the same as nyan
mircea_popescu: as in can't go over 5%
DeaDTerra: Several different aspects, Pirate showing that he's the manipulator, showing screenshots of him manipulating the market as well as doing it live.
DeaDTerra: It is but not as good at 7% xD
mircea_popescu: my ideea is that nobody currently has an inkling as to risk measurements in btc world
mircea_popescu: as in, guy secretly had borrowed 10's of k's.
Diablo-D3: kakobrekla: btw, as a side note
smickles: but, as you said, it's not a perfect solution to have my users wait on your manual deposit confirmation
smickles: mircea_popescu: the more i think about it. the 'watching mpex addy and keeping track of stuff internally' method isn't as complicated as i made it out to be
smickles: as well as having a system to point out 'out of the ordinary' withdrawal request to me
smickles: yeah, (if i have teh btc in the mpex account as well)
mircea_popescu: nah, margin is fixed per month, you have it might as well use it.
kakobrekla: its slow as fuck because of glbse
mircea_popescu: smickles maybe. i think it;s pretty close to that as it is.
smickles: or at least not as much
EskimoBob: as total
mircea_popescu: if i wanted to run mpoe as a private thing i could have continued to do so, indefinitely.
copumpkin: mircea_popescu: oh, there might have been competition, but not as much as there might have been if you hadn't tied it up :) since many potential competitors might abstain from participating, just because of the risk, even if they were willing to offer low rates
mircea_popescu: EskimoBob you mean for as long as everything is ok ?
EskimoBob: I am just saying that this is not a bond as we know bonds
smickles: if ppl are buying the things as is, why would mpoe change how they do things to a better way which just happens to be a little worse for mpoe?