861000+ entries in 0.658s
dexX7: didn't follow.. but
they are something like localbitcoin?
ThickAsThieves: now let's see if
the flippers are also willing
togemn it up
mircea_popescu: last we hear about it, before
the obligatory "class action jacket" on forum ?
ThickAsThieves: you can offer a prize
to both
the bagholder and whoever sells at
the highest price
matuszed: each coin is entitled
to a percantage of
the flips
mircea_popescu: call it Meta, and your logo could be
the metamphetamine molecule.
matuszed: its like
the ultimate Flipper asset
matuszed: Im going
to ipo a company
that flips ipos
mircea_popescu: exactly
the same principle at work, but with much better management and crowd control.
ThickAsThieves: small IPO = a dozen flippers fighting
to give some web designer 500btc
mircea_popescu: it seems indeed Jeff Rupley moved in january of
this year as "Principal CPU Architect" at samsung austin r&d
dexX7: um
there is jim1.jpg, naveed1.jpg, navi1.jpg and
timo1.jpg
mircea_popescu: dexX7 here's an item courtesy of
the mpex scouring department : everyone else's name in
the cointerra
team page is used
to name
the pic. except in
the case of ravi guy,
the pic is named navi1.
ozbot: File-hosting services
take big hit with ruling against Hotfile |
The Verge
mircea_popescu: for
the lulz department: Ravi Iyengar engineer at government Mysore Area, India | Defense & Space
mircea_popescu: dexX7 well
thanks for
that, now at least
there's something definite
to go by.
mircea_popescu: and i mean ravi. if i were
to pick up
the phone and call samsung hr, who do i ask for ? "ravi" ?
mircea_popescu: the one hit on arstechnica.com is from
the cyruss bitcoin guy, which incidentally may end up an ugly mar on his reputation as afair he was quite well researched
mircea_popescu: look at
the sources on
that : reddit and some bitcoin spamsites.
ThickAsThieves: they have a nice video
talking about how special
they are
Diablo-D3: I still am not ready
to believe bfl shipped
mircea_popescu: so, is
the cointerra
thing announced on
the known blog of ravi
the lead cpu architect of samsung blog ?
mircea_popescu: some douche pretending
to be someone cool on
this side of
the cool isn't particularly
trustworthy on
that alone.
mircea_popescu: when i moved
to bitcoin i said so on my blog, and
the people
that knew me KNEW it was really me.
mircea_popescu: dexX7
the problem with
these statements is
that
there's no chain of verification.
dexX7: "Prior
to founding CoinTerra, Ravi was Lead CPU Architect at Samsung Corporation."
ozbot: BitBet - Hashfast will deliver ASIC devices
to spec before November 1st
mircea_popescu: so eve is pushing a 800mb patch what in
the loving hell.
Rulother: I should just bet on
that one, it was created by a
troll
mircea_popescu: tho in fairness maybe
the labcoin shills are
too stupid
to show uo
mircea_popescu: by
the size of
the comment stack it will probably be even more hotly debated!
ozbot: BitBet - Labcoins own 130nm design sample chips will be received by
testers by 12TH SEPT 2013
Rulother: I'm just happy
the whole bitfury
thing is over and done with
ozbot: BitBet, August 2013 Statement pe
Trilema - Un blog de Mircea Popescu.
gribble: MtGox BTCUSD
ticker | Best bid: 145.38595, Best ask: 146.47446, Bid-ask spread: 1.08851, Last
trade: 146.47448, 24 hour volume: 12890.48790843, 24 hour low: 142.20000, 24 hour high: 148.90893, 24 hour vwap: 145.55231
assbot: [HAVELOCK] [XBOND] [PAID] 1.00978800 BTC
to 2`019`576 shares, 50 satoshi per share
gribble: MtGox BTCUSD
ticker | Best bid: 143.49994, Best ask: 143.49998, Bid-ask spread: 0.00004, Last
trade: 143.10000, 24 hour volume: 6900.74387281, 24 hour low: 143.00000, 24 hour high: 147.00001, 24 hour vwap: 144.55221
KRS1: lets see
that big crash I've been waiting foe..
mircea_popescu: depends what you;'re ultimately
trying
to achieve anyway.
mircea_popescu: ts are promises of
the usg
to pay usd. eurodollars are promises of foreigners
to pay usd.
mircea_popescu: in a first approximation you could extract something by comparing
Ts and eurodollars
benkay: so how would one go about backing out
the delta between US- and foreign-held shitbucks from
the eurodollar contract?
mircea_popescu: certainly an intellectually rewarding field
to
try and comprehend.
mircea_popescu: anyway.
this is
the heart of human civilisation, finance. it distributes resources and in
the end draws
the limit for
the lives of everyone.
mircea_popescu: i won't lend
to you at 5% if i figure
the inflation will be 6% now will i.
mircea_popescu: obviously inflation is
the lowest basic component of any interest rate.
benkay: is
this some
tie between libor and monetary base inflation?
mircea_popescu: the difference would be hidden [from
the market]
through administrative menas.
mircea_popescu: suppose you had 10k in
the bank but were not allowed
to spend more
than 1k a year
mircea_popescu: the difference is hidden
through administrative means.
mircea_popescu: benkay well, about 60% of work able adults in
the us have a job.
the us official unemployment is 10%.
benkay: and what are
they doing in
the employment field
that's different from
the printing of shutbucks?
mircea_popescu: taub before bitcoin i was doing business consulting.
this isn't
the sort of
thing books or universities
teach, other
than in a very basic and fundamentally useless manner.
mircea_popescu: all
this gets mixed
together in
the market an a price emerges.
taub: just read books or go
to uni somewhere? Mp
mircea_popescu: benkay it's one huge concerto of "they're going
to be 6 ounces stupid
this month" "no, just 5.4" "no really, 6.2"
benkay: how do you hedge
the inflation with a shitbuck-denominated asset?
mircea_popescu: well i'm one of
the few people in bitcoin
that knows finance.
taub: where did you learn all
that btw
mircea_popescu: if
they hadn't
the us govt would simply pretend like
there's no inflation, but you just can't spend your dollars sorry.
they ARE doing it in any other field where
there's no easy recourse, such as for instance employment.
mircea_popescu: it wouldn't work worth a shit if
they
tried
to hedge both parts
together, which is why
they got separated.
this incidentally is how finance works, isolates risks by
types much like science isolates variables.
mircea_popescu: the reason
the eurodollar future is
the most
traded derivative in
the world is due exactly
to
the fact
that people are
trying
to hedge
the inflation part.
mircea_popescu: inflation is one
thing, administrative limitation of
the use of your held reserves is another
thing.
benkay: doesn't really help
tho right? if
the us prints even more shitbucks even eurodollars are worth less, correct?
mircea_popescu: and so pretty much all
trade
taking place with delivery in dollars will reference eurodollars (which really means, non-us dollars) rather
than
the us-dollars.
mircea_popescu: anyway. because
the us govt can't be
taken seriously,
the financial world has settled on
the non-us held dollar as
the measure of dollars,
benkay: fascinating. where can i see
this delta in action?
mircea_popescu: it's one of
the
things
the new dodd frank stuff is for.
taub: once its in
the french bank it's an eurodollar
benkay: can one wire shitbucks
to france and from
thence on
to
the
terrists?
mircea_popescu: since
the us is a greatly impopular rogue state,
the pressure on
the currency is marked.
mircea_popescu: if i have a bill from my cigar supplier in cuba for 10k usd, i can't use 10k usd from my ny bank account
to pay it. i can however use 10k usd from my french bank
to pay it just fine.
benkay: by send do you mean via wire
transfer
to another bank account? or literally pull out box up and post
to another human somewhere/.