857100+ entries in 0.577s
mircea_popescu: the op
takes it as a signal
to give
the couch audition,
mircea_popescu: this is how
ThickAsThieves gets laid all
the
time. he asks
the op what
they want,
nubbins`: no earlier
than 10am, no later
than 3pm
nubbins`: don't be
the dick
that schedules it for 9am or 4:30pm
nubbins`: ThickAsThieves: put another way, if you were scheduling a meeting, what
time would you schedule it for?
nubbins`: no sense staying up until 4am
to make sure your own IPO doesn't fuck up
mircea_popescu: doesn't make much difference, i recall people were like staying up for
the bitbet one
ThickAsThieves: question, considering all
the world, what do you
think
the best
time of day for an IPO is?
nubbins`: we'd need dental records
to be certain
jurov: why would mp need anyone's blood? it's well established he moved out of
transylvania long ago
nubbins`: just like
the lycurgus cup, but with your face engraved in
the side
nubbins`: "nubbins` has obtained
the chalice of popescu!"
mircea_popescu: i am known for
two
things : being an arrogant mysoginistic asshole pig
mircea_popescu: wasting
the
time of restaurant owners with
trying
to handle in-store btc payments as if
those have a future opr even make sense
mircea_popescu: i
think it's
the fundamental cluelessness of people missing
this obvcious poitn
that has everyone
trying
to push bitcoin on any and all, as if
that's a good idea
mircea_popescu: nevertheless,
the fact
that people do is what keeps
things moving along smoothly.
mircea_popescu: see, many
things
that exist
today are sueful
to you indirectly.
mircea_popescu: other
than because its existance keeps governments in check.
mircea_popescu: nubbins` no reason. btc is for rich people who want
to keep savings.
jurov: for coffee payments
the centralized store credit makes sense
nubbins`: sorry, i
tend
to rant about coffee
jurov: if you're starting with cash or you want
to speak about bigger payments
then it does not apply
jurov: remember, we are
talking about coffee. and about people who happen
to have btc income
nubbins`: it would only be a way for current btc holders
to divest
themselves of
their BTC
nubbins`: yep,
that's gonna lead
to an explosion in BTC usage
nubbins`: "well, you can pay for purchases with cash or cc, or if you like, you can buy gift cards with cash, cc, or bitcoin, and
then use
the gift card
to buy
things"
nubbins`: so scrip is essentially
the idea behind gift cards
mircea_popescu: jurov so centralised store credit on
top of bitcoin :)
jurov: or for you
to pay
tx fees every
time
jurov: no need for vendor
to bother
jurov: it will be solved nicely by payment processor.. you will get one
time codes or some swag from bitpay
ozbot: Bitcoin prices, Bitcoin inflexibility pe
Trilema - Un blog de Mircea Popescu.
nubbins`: obviously
the
terminal will immediately steal your funds
mircea_popescu: in), you will probably cash into whatever local currency from Bitcoin (be it Unified Standard Dubaloos or Universally Simplified Dosidoes or whatever else) but all
that is entirely different a story.
mircea_popescu: For
the reasons noted and for many other reasons I am pretty much satisfied
that Bitcoin is not nor will it ever be a direct means of payment for retail anything. You may end up paying for a month’s worth of coffee vouchers at your favourite coffee shop via Bitcoin (so shop scrip built on
top of Bitcoin), you may end up settling your accounts monthly at
the restaurant in Bitcoin (so store credit built on
top of Bitco
nubbins`: feel free
to come over
to my house whenever you want, i'll let you log in
to your blockchain.info account
nubbins`: by
typing your un/pw into a random computer?>
jurov: but you have
to provide your passphrase
to POS, no?
nubbins`: how do you login at
the register?
ThickAsThieves: have a blockchain.info account
that has spending money in it
jurov: ThickAsThieves: so you want
to carry several brainwallets and learn new ones after you spend
them?
nubbins`: jurov: so how does
the buyer construct
the
tx?
jurov: nubbins: either vendor has internet connection and he can accept classical bitcoin
tx
nubbins`: if i already spent
the coins,
they can't very well sweep
them, can
they?
jurov: ...and later
they realize you doublespent
them, yea?
nubbins`: just as simple as scanning a barcode on
the product you're purchasing
jurov: vendors will not muck with
them
jurov: and you will either have
these codes or cash. NOT bitcoin private keys
nubbins`: ThickAsThieves: it's admittedly a poor payment choice for any in-person
transaction
gesell: where can one find
this?
gesell: what are
the daily/montly volume numbers for coinbase?
ThickAsThieves: honestly i dotn even like
the idea of bitcoin for coffee anyway
jurov: nubbins`: if
there is no connection, you don't have any advantage with paper either
nubbins`: or one of
the
thousands of dedicated qr apps
nubbins`: ThickAsThieves: so carry a phone with a couple of QR codes loaded into
the camera roll
ThickAsThieves: sorry but i'm not carrying paper
to
transact, simple as
that
nubbins`: if only you had a
throwaway address with some BTC
nubbins`: oh, whoops,
the cell service sucks inside
this mall
kakobrekla: id
took out a device, enter sum and show
them qr code which contains signed
tx
kakobrekla: certanly not by showing
them my privates
nubbins`: but let's say
that you want
to spend btc at a store
nubbins`: but it's no more inconvenient
than going
to
the bank
to withdraw cash
kakobrekla: maybe doesnt change
the fact most
txes
today are done via cc
terminal
nubbins`: sure, it requires
the purchaser
to perform a modicum of work before
they go shopping