log☇︎
849900+ entries in 0.497s
Namworld: I think I'm out with fiat.
dexX7: so ... a former glbse scammer is befriended with those who run labcoin?
dexX7: "Your zenpad was delivered, albeit with some delay. I don't think it's fair to call us scammers. Could you please take down this report ? we would sincerely appreciate it"
dexX7: http://btckan.com/price wtf BTC100 has allegedly a trading volume of 107941.02 BTC within the last 24 hours (btctalk: https://bitcointalk.org/index.php?topic=304235.0)
Namworld: ah, I see its in speculation, none in investment tho
dexX7: less than a week
Namworld: How old is that?
ozbot: SecondMarket - The Reinvented Stock Market
dexX7: actm is getting more and more solid imho. basically not much has changed, but from time to time i'm almost surprised how solid ken handles stuff
deizel: heh, southern american accent, laid back tone (engineer) rather than over enthusiastic (sales, pr), sounded like he knew what he was talking about
dexX7: nice, thanks!
deizel: dexX7: i threw together a transcript, http://pastebin.com/6tSK3DGJ
dexX7: oh did i already miss the ken interview?
jurov: why they won't care for derptroit?
thestringpuller: I think a bitcoin bank in detroit would be perfect, the feds wouldn't care
thestringpuller: i knew that would bring mod6 out of hiding :D
pankkake: Tupac didn't die, he went underground to write Bitcoin
thestringpuller: Who killed Tupac?
Kleeck__: Not sure if I'd rather have more hashing power later or half of my money back, ala Terrahash.
Kleeck__: He said no, in a round-about way. "There are too many other parties involved, but if we push back our ship date we'll compensate with more hashing power per late ship"
kakobrekla: so what did he respond to bitbet
Kleeck__: It was. This is the second replay.
kakobrekla: oh this is 'live'
Kleeck__: Someone asked if they'd be willing to place a bitbet guarentee on their mining ship date. :)
pankkake: no, I'm missed the interview too
Kleeck__: was that you pankkake?
ozbot: Plans to reinstate BTC-TC: Don't panic
thestringpuller: 3.6 mn dollars worth of trades in 30 days huh
smickles: ;;later tell mircea_popescu jurov tell me i'm being useless today
jurov: and we did talk with mp about secure random numbers generation recently, so he certainy hasn't forgotten
smickles: jurov: i thought i was pointing out that the opensource stuff was fixed back in 2008, if he used the proprietary stuff it'd be no good
jurov: simckles, the RSA news is old and about proprietary product
smickles: ;;later tell mircea_popescu http://www.debian.org/security/2008/dsa-1576
smickles: ;;later tell mircea_popescu http://www.computing.co.uk/ctg/news/2295881/rsa-warns-customers-against-nsa-compromised-security-product
smickles: ;;later tell mircea_popescu what RNG did you use for the new mpex key?
nubbins`: anyway i have tenants moving in tomorrow, gotta clean up a bit
pankkake: it's the only one that didn't strike me as ugly yeah
nubbins`: most of them are butt ugly
Namworld: There's glow in the dark coins too
nubbins`: this whole "coloured coin" kick the mint's on lately sucks
nubbins`: although i have to say
pankkake: and it's the Man of Steel
ozbot: $75 14-Kt. Gold Coin - Superman™: The Early Years - Mintage: 2,000 (2013)
Diablo-D3: its real, but its not what superman thought it was
nubbins`: you know that krypton is real, right?
truffles: not a big deal for us, some of us wont make it that far i guess
nubbins`: at least at the bank
nubbins`: and i don't forsee any problems with exchanging them as face value
nubbins`: anyway, point being, i think these coins are great
Diablo-D3: so this doesnt happen
Diablo-D3: this is why face value is supposed to be way below actual value
nubbins`: seems like a terrible way to scam money
nubbins`: but it's an incredibly labourious process to make dies
Diablo-D3: nubbins`: I have, some of them are exceedingly clever
nubbins`: and have you ever seen the level of detain in these silver coins from the mint?
truffles: maybe not in the good ole days, they seem pretty trigger happy nowadays imo
Diablo-D3: it'll just look like tarnished silver
Diablo-D3: nubbins`: they cant tell the difference
Diablo-D3: most of them dont even care tazers, they're too dangerous
nubbins`: they're gonna verify your hand-poured coin as legal tender?
Diablo-D3: truffles: cops dont taze people around here
truffles: not before getting tazed lol
Diablo-D3: which then verifies its legal tender
Diablo-D3: they call the secret service
nubbins`: and then you get charged with counterfeiting currency
nubbins`: and then you're explaining to the cops what this funny coin is
Diablo-D3: yup, and then you tell the cops they refused payment
nubbins`: then THEY call the cops
Diablo-D3: nubbins`: walk out with the goods
nubbins`: bring them to court?
Diablo-D3: well, in the US its must
nubbins`: they say no, what are you gonna do? call the cops?
nubbins`: so i go to the bank instead. problem solved
nubbins`: a private citizen would be crazy to accept one of these coins as legal tender
nubbins`: you're trying to tell me you can hand-pour silver into a 3d printed mould
Diablo-D3: nubbins`: my mom died, and this IS my mom's house
nubbins`: free money machine. get it mailed to your mom's house
Diablo-D3: Im already on a government watch list and they're reading what Im writing anyhow
nubbins`: free money machine. buy a plane ticket
nubbins`: essentially, the mint is saying "hey, trade your shitty paper money for sweet coins with a tiny bit of silver"
Diablo-D3: seriously, do you know how simple it is to make fake coins?
nubbins`: they'd keep them, or sell them to coin collectors at a profit, or spend them at the grocery store
nubbins`: and sell them for spot
Diablo-D3: however, it doesnt stop me from using that as $100 of fiat currency because canada is retarded
nubbins`: and that's why nobody would bring these coins to you
Diablo-D3: because its worth what the silver spot price is.
Diablo-D3: I dont care if the coin says $100 CDN
nubbins`: and they're selling them at face value
Diablo-D3: people who buy gold and silver by the oz do not care what the face value is
nubbins`: the mint is the only place you can buy these coins
Diablo-D3: nubbins`: I think you misunderstood
Namworld: They're purely collector coins/souvenir/memorabilia. I don't think they're meant for investment nor circulation.
nubbins`: Diablo-D3: because the coin collector paid $20 each
Diablo-D3: nubbins`: you can from a coin collector whos selling them for weight
Diablo-D3: Ive never seen a coin where the face value isnt a tiny fraction of the actual value
nubbins`: you can only buy them for $20
nubbins`: Diablo-D3: you cant buy them for $5
Diablo-D3: and any coin collector should reject them
Diablo-D3: and use them for $20
Diablo-D3: if you buy them for $5