867000+ entries in 0.613s
gecko_x8: why do we have
to sufer
this shit?
Duffer1: i
think bitfury and knc are legit
pankkake: they'll fail,
the others will fail more
pankkake: of course by "first" I don't mean "on
time"
pankkake: anyway, I ignore all labcoin news by default, because I ignore
TheSwede75
the retard
Duffer1: "experience" assumes
they learn, offering more pre-orders (this
time without paypal) it
tells us
they haven't learned
pankkake: and
the others are clueless wanabees, or scammers (no difference in
the point of customers or investors)
pankkake: they make a great point,
they have
the experience now
Rulother: The 10% fee
transfer is such a slap in
the face
Duffer1: it'll be a cold day in hell before
that happens pankkake lol
pankkake: I am now starting
to
think BFL will be
the first
to deliver 28 nm…
gecko_x8: sweden has
too many niggers
to uphold
gecko_x8: not from fucking sweden
that's fpr sure
gecko_x8: where will
they get
the electricity?
gecko_x8: "TLDR;
Things are going as planned with no delays as of yet. Labcoin expects
to hash at approx 6TH within 3-4 weeks and 50TH+ by mid
to late October. Serial production run of chips will start early Sept. Pictures of chips, schematics and miners etc. will be posted as
they become available. Website is undergoing redesign and will feature a real-time mining statistic as soon as
the mining
gecko_x8: "-
The first run of chips will be built into miners immediately and Labcoin expects
to be live and hashing @ around 6TH within
the next 3-4 weeks."
dexX7: yesterday
there was one "with a good feeling about labcoin news"... ;)
Hollywood: Well, Mircea does not deserve
to be mentioned with some of
those others
louong: I would like
to see a board with Josh Zerlan/Sonny from BFL, Mircea P/MPOE-PR, Ken from Active Miner and Luke-Jr on it just for
the laughs
Hollywood: This will be
the best membership drive
they have, people buying just
to vote n0 :(
Namworld: WAIT.... it's a ploy
to sell memberships
Namworld: I'll buy membership
to vote no.
ozbot: [DISCUSS]Luke-Jr is standing for election
to
the board of
the Bitcoin Foundation
Hollywood: If he gets voted in,
the whole place goes
to shit
Hollywood: Well,
there goes
the neighborhood.
dexX7: is
there a way
to extract google auth secret keys or do i have
to
turn 2fa off and on again and save
the qr picture? (in case of btct for example)
ozbot: [DISCUSS]Luke-Jr is standing for election
to
the board of
the Bitcoin Foundation
Hollywood: for all
the people
that don't want
to go
to
the forum
afrotec: DeadTerra, hows
the icemachine
Rulother: First
time in a while, I've seen
the bid higher
than
the ask on labcoin
Rulother: private money for my private
time, awwwe yeah
dexX7: hahahaha
the stupid press
ozbot: Cointerra Announces 2
TH/s ASIC Bitcoin Miner -
The Genesis Block
mircea_popescu: The NSA data center in Bluffdale could require as many as 1.7 million gallons of water per day
to operate and keep computers cool.
TAT_Investments: we've discussed it a lot about whether
to
try
to issue more bonds
to control price, but currently we will not
Rulother: Not sure where I got
that from :)
TAT_Investments: Rulother, no, I warned
that if you overpay for XBOND (whether sold by
TATI or anyone) you run
the risk of loss in
the event we do a callback
mircea_popescu: well smg would have been a little confusing for people. s.mg is not
the publisher of eve.
TomServo: mircea_popescu: Just curious, how come you decided
to associate 1Bitcoin with MPOE shares? Vs say, S.MG, or something new?
Rulother: Wasn't
tat going
to release more shares of xbond if it reached over .00105?
mircea_popescu: "It’s no matter if a student comes
to
the conclusion
that 3 x 4 = 11. So long as
they can explain how
they made
this erroneous determination
they go home with an ‘A’."
mircea_popescu: however,
the book you're
thinking about wasn;'t written by him,
mircea_popescu: yes dude, i know. made a fortune on
the dip, lost most of it,
gecko_x8: Livermoore used
to
trade with Bert Seligman
gecko_x8: Livermoore started out in
the 'bucket shops'
gecko_x8: and it has a lot of similarities
to
the current btc environment
gecko_x8: it's
the story of Jesse Livermoore
gecko_x8: mircea_popescu i was referring
to
the book 'reminiscences of a stock operator', which is avail for download on
the net
mircea_popescu: how hard would it be for scammers
to scam, in
thsi context ?
mircea_popescu: this is one of
those guys who walks
the right side, and all
the info is published.
mircea_popescu: ok. now
tell me again about how poor people are doing research and coming out ahead by investing.
mircea_popescu: have
they supported it because i have ? perhaps, maybe,
to some degree. as a shortcut, cause
they know i can
think.
mircea_popescu: so did bugpowder, so did most of
the vets in
thuis channel.
gecko_x8: well i'm not
that poor, but btc has been one of my best investments ever since i started buying at 17 EUR
mircea_popescu: no revenue, no business model, no history of
the operator, nothing.
mircea_popescu: because if you
take
that away,
there's literally nothing.
mircea_popescu: the only reason
they're going in is because
they perceive others are.
mircea_popescu: gecko_x8 but
they aren't NOT following
the crowd.
they ARE following
the crowd.
mjr_1: if not,
then I would say
that you are going
to be
the guy who is late
to
the party (the one holding
the bag)
mjr_1: are you SO savvy and so "in
the know"
that you have an edge in
this information?
gecko_x8: but if a poor person attempts
to not follow
the crowd by getting into a risky asset like btc,
that's wrong?
mircea_popescu: gecko_x8 we are discussing statistics.
there's no room for anecdote in
there.
mjr_1: if you are buying something because you "heard it was hot"
think about it
mircea_popescu: poor people are conditioned
to follow
the crowd. and
the crowd is usually a crowd of sheep, being more or less methodically exploited.
gecko_x8: he should never have even
tried?
mircea_popescu: you get people come here all
the
time going "hey guyse, you're all buying X scam right" ?
gecko_x8: how about jesse livermoore
then?
gecko_x8: but.. so if you are poor, you should never attempt
to fix
that by
trading?
mircea_popescu: i am saying
that
the expectation for something OUTSIDE
to extract
them from
their predicament is 1. baseless and 2. a security hole in
their software.
mjr_1: for example, you can
trade
through a broker like coinbr...1 coin deposit is all
that is required
mjr_1: i
think he is saying
they should
take
the
time
to learn
gecko_x8: all while 'rich' ppl should pay you 30 btc just
to
trade on your exchange
mjr_1: i don't
think
that is what he is saying at all
gecko_x8: mircea_popescu you are saying
that poor ppl should never even
try
to escape
their predicament, but just accept
their fate
mjr_1: others look at
the "new hot stock" like a lotto
ticket
mjr_1: some look at buying a bitcoin like buying a lotto
ticket "if it goes
to a million dollars..."