log☇︎
862700+ entries in 0.576s
gecko_x2: so a backup of a TB hdd would be about 500 GB
TomServo: +1 on looking to re-read the Eulora update :P
gecko_x2: with btrfs making a backup is simply taking a snapshot of the changed data since last backup
gecko_x2: ur arguing about shit that doesn't matter in a CoW world
pankkake: but that's why you have to understand how raid works very well
mircea_popescu: pankkake only if the symmetrical one dies.
pankkake: mircea_popescu: that's not the question. if other drives die while rebuilding, you're fucked
mircea_popescu: thestringpuller no, it'd be the raid.
thestringpuller: i would assume if your production server burst into flames you got bigger problems than raod
pankkake: and what's the rebuild time?
mircea_popescu: pankkake on the mpex system i have a 1+0 hotswappable work of wonder.
thestringpuller: did the entire raid array die or just a few drives in the array?
pankkake: my raid6 saved me more than once
gecko_x2: so u can kiss those raid arrays goodbye for good
mircea_popescu: gecko_gs2 what about like when it dies in flames and you have to keep a production server offline for 20 hours while you pi8ck up the pieces!
gecko_x2: well, now you won't have to
ThickAsThieves: always more problems than they are worth in my experience
mircea_popescu: you see ? that crap.
thestringpuller: what happened to old school raid bridges?
gecko_x2: yes, trolling :p
thestringpuller: not sure if trolling
gecko_x2: everyone knows that.
gecko_x2: java is the optimal language for any raid solution
mircea_popescu: yes, apparently that's a thing now.
mircea_popescu: thestringpuller anyway, im trying to piece it together.
thestringpuller: do we just have to wait till oct?
thestringpuller: how bout that eulora update :(
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thestringpuller: ;;google Tom Ford
mircea_popescu: how the hell that works boggles my mind.
mircea_popescu: while it's true that most people involved are 5, what bothers me the most is that most are 5 while simultaneously working on the mentality of your average street whore.
mircea_popescu: anyway, the reason an issuer would to the right thing is because he's not a fucking leech, trying to buy a car off paying lip service to the internet thing.
San1ty_: Oh I'm sorry then
San1ty_: If they can get away with shares
ThickAsThieves: if so, then that was our point from the start
San1ty_: A lot of people here are 5 though...
thestringpuller: mircea_popescu: "dont tell me what a fucking bond is, i'm not 5"
ThickAsThieves: here's deprived's fund thread if you wanna sick the girl on him https://bitcointalk.org/index.php?topic=112876.0
San1ty_: So IMHO, a bond as an issuer is more risk then just selling BS Shares.
mircea_popescu: San1ty yea, i am aware what these are.
mircea_popescu: how am i to read that shit ;/
San1ty_: ThickAsThieves, mircea_popescu: Shares is a commitment to profit, but bonds are basically a loan. Shares are a variable cost for you for example dividends. But a bond is a steady cost.
mircea_popescu: ThickAsThieves everyone that can be fucking made sense out of you know ?
mircea_popescu: why is this guy not on an0 ;/
ozbot: Welcome to Google Docs
mircea_popescu: what's the relation between 6 and 2.48 / 4 and 4.19 / 4 and 3.81 ?!
mircea_popescu: or wtf is that ?!
mircea_popescu: wait what ?! that adds up to about 15 btc.
mircea_popescu: just, by now there's so many of these indistinguishable things that im always loath i confuse joe for schmoe.
mircea_popescu: i recall the guy vaguely.
ThickAsThieves: it was the IPO for 100btc
San1ty_: ThickAsThieves: Correct, I'm trying to have an open discussion here (hope I haven't offended anyone? :S). But the premise of shares and bonds are different.
mircea_popescu: so what's he holding ? all the gems ?
ThickAsThieves: he discloses I think
mircea_popescu: or wait. the portofolio is undisclosed ?
mircea_popescu: so if it's a fund why hate on it, is the portofolio that bad ?
ThickAsThieves: San1ty, you realize selling shares is also a commitment to profit, no?
kleeck_: LOL - Bithub to Jmutch (SANDSTORM): "yeh yeh, can you just tell me how shit my stock is doing please?"
mircea_popescu: San1ty i just used your conveniently open ended statement to make a point.
pankkake: well, I learned a lot about how trading works. and futures, stuff
San1ty_: mircea_popescu: I'm talking about risk for the issuer obviously. If you manage to sell all your bonds, you promise (unless you are a scam) to pay a steady low fee to pay off your loan. When selling shares you just sell that... shares. No risk for the issuer whatsoever.
mircea_popescu: well that's the bane of the amateur invesotr anyway. but if you are using that time to eduicate youirself its not really a waste.
ThickAsThieves: that's a point i try making to smalltimers
pankkake: in time wasted
pankkake: I now realize that watching stock prices for what I have is not really "worth it"
mircea_popescu: very very bad lottery tickets these bonds.
mircea_popescu: pankkake as they can't go up enough to make ten dollar tom "oprah rich", they're not "Worth it".
mircea_popescu: gecko_gs2 San1ty and co : have i put enough digits in there to make you rich or need more ?
ThickAsThieves: unless they come from me
mircea_popescu: bonds introduce the risk that they can't conceivably go up 548906809560954860958x
pankkake: but if the company defaults, wouldn't shares go to zero in the same situation anyway?
San1ty_: ThickAsThieves: It's pretty simple actually, bonds introduce some risk that shares don't have.
mircea_popescu: ThickAsThieves well mayben they know something you don't.
ThickAsThieves: and yet they press for selling shares...
mircea_popescu: and for the record, lurking here is a lot more adequate than talking for the needs of most people.
ThickAsThieves: the coincidence being I am in the very process of trying to convince a new mining co that there are other ways to raise money
ThickAsThieves: i tried to get him here
pankkake: would there be a way to do both? obviously founders would not want to take that much risk
pankkake: oh, never thought of it that way
ThickAsThieves: profits they'd make a lot more doing it that way. There's a reason people who can actually make a decent profit offer bonds/loans rather than equity. And there's a reason those who can't make a decent profit always sell shares. At present there's not enough of the former and too many of the latter."
ThickAsThieves: "It's unfortunate that there are few bonds around (the ones out there are all sold out). It pretty much shows how full of shit all these new mining/ASIC companies are - although they'll happily predict huge profits for investors they won't put their money where their mouth is and raise their capital via loan/bond paying a fixed-rate. Despite the fact that if they're right about the
pankkake: I can say bitcoin made me 4 times richer, but I still am poor
San1ty_: Markets pretty boring today
pankkake: turns out XBOND is more lucrative for me than stocks
gecko_x2: everything is fine, nothing to see :)
Namworld: Not BFL. But technically, it's sound in the sense it keeps making sales despite awful customer services =P
Rulother: well there's always this http://i.imgur.com/g61tEF4.jpg
San1ty_: What The?
San1ty_: so it's an exchange where the only stock traded is the exchange
San1ty_: Namworld: Must be great to get into private opportunities.
San1ty_: Namworld: Hah, Yeah that's easy, but how do you get into private and sound projects? :D.
Rulother: That too
Namworld: I'll keep investing and dedicating time in private and sound projects.
San1ty_: otherwise I'm not sure if I'll have the courage to hold till mining.
San1ty_: if Labcoin drops to 2.8 this weekend
Rulother: I believe it has also caused my drinking and smoking to up by like 3x
San1ty_: a good daytrader that is :D.
Rulother: Yes there's those
San1ty_: Well a good reason is the lack of patient "investors", most people in it are only in it for the huge profit spikes.
Rulother: But I do plan on being up for 24-48hrs during the period that it starts hashing