904400+ entries in 0.645s
truffles: deadweasel hate cliques
though
deadweasel: truffles you're clearly ruining our sausagefest in here, at least pretend
to own a johnson.
truffles: if
that question is directed at me, your will is so weak ...
furuknap: bah, where' s
the spell checker.
furuknap: *distringuishing characteristics of
the _business plan_
furuknap: Actually, I wasn't
trying
to make a point of it, I was just responding
to a question about what I
thought of
the project. From
the projects I have evaluated,
those were distinguishing characteristics in addition
to a growing confidence
that such a delivery is
technically feasible.
Two months ago, I probably wouldn't have given it a second glance.
furuknap: Of course IF (again intentionally)
this is legit AND
they deliver within a reasonable
time frame,
the proposition is a gold mine, perhaps more so
than AM even.
pigeons: and if you're even making
those points, something is wrong
pigeons: i haven't even looked into whatever you're
talking about. I just saw "if he was scamming he would do it for more money and why would he use his real name"
furuknap: Not saying it smells roses either, just
to be clear on
that.
furuknap: I understand
that, and I eat so much salt
these days, I'll be a mummy by
the end of
the summer.
This doesn't smell right
though (and right here would be scam).
mircea_popescu: 're new. pigeons has been here
through
the scams. when he says "not an effectual heuristic" he is speaking from a place of pain.
pigeons: there are pages of debate
today on bitcointalk about how
this site
that you pay .25 btc for him
to mine .3 btc for you on his nvidias cant be a scam because people have been getting paid
furuknap: Again, it seems way
too much effort for essentially peanuts. I don't know. Might
throw a few coins
there
to see if it sticks.
mircea_popescu: he has 100 btc on
the line. if he puts 1000 on
the other side
to make back his 100 he still pays
the rake
furuknap: MP:
True, but
the BP is also denominated in USD, not BTC, so
they seem
to be
targeting people outside
the community who may not be aware of
the
tradition of PGP signed stuff.
mircea_popescu: furuknap i have yet
to see a pgp signed declaration from any of
these people.
furuknap: Deson't matter if
they care for it.
They could have done it without. IF (and I capitalized
that intentionally)
the people in
tne BP are
the real people and not just a Google image search, what possible reason could
they have for adding
their names when
they don't have
to?
pigeons: trendon and madoff and
the rest scammed for enough
to pay old investors and enough
to eat
furuknap: Maybe. On
the other hand,
they could also easily have scammed anonymously and not have
the burden of
tainting
their names.
furuknap: Yeah, but if you were doing
that, would you rather have $5M or $500M?
pigeons: people who run ponzi schemes basically scam,
trash
their name and reputation, etc, for usually $0
furuknap: Faking a couple of results from
their bio work would probably yields orders of magnitude more reward.
They're putting
their own names on
the line so
they'll have
to disappear anyway, so why not scam for $50million instead?
furuknap: Provided
the people behind it really are
the people in
the business plan,
they seem like smart enough people
that if
they wanted,
they would scam someone for far more money.
furuknap: The business plan,
the picostocks setup,
the putting your name on
the line. At
the
time,
there weren't asking for much. It's become a lot since
then, but at
the
time, I mean, if you wanted
to scam someone, at least you should do it big.
furuknap: I
think
the entire community is skeptical due
to some key providers being late and scams. AM showed it's possible.
The swedes work with very reputable companies. 100TH certainly has put a lot of effort into what at
the
time seemed like a peanut reward.
mircea_popescu: ThickAsThieves well, i count
the 100 btc of bitfury's as some evidence
ThickAsThieves: Is
there any evidence from any unproven ASIC provider
that shows any reason
to assume it's a lie
til it ships?
furuknap: On 100th? Not sure. It looks a bit
too good
to be
true.
mircea_popescu: something like "here are names so it's legit" ?
the pietila guy also
throws names around
mircea_popescu: furuknap but i mean, what exactly is your judgement
there ?
furuknap: No, but
the people behind it are published in
the business plan and seems reputable on brief research.
mircea_popescu: his statements
that he's invested with
third parties are his own.
furuknap: That would be fraud from
two well known and public people. Do you
think
that's likely?
mircea_popescu: while bitfury seems pretty certain he;ll deliver, i still very much doubt
that investment exists.
furuknap: Yeah, I read up on
the origonal 75TH mine, but I also got
the impression
that bitfury was more legit.
mircea_popescu: so
then
they made another 1mn ish investment with bitfury
mircea_popescu: the story is
that
they had a 1mn ish investmenty with
tom van ripyou of basic
ThickAsThieves: maybe some psychosociologist figured
two weeks is
the best scam
tolerance
timeframe
furuknap: What was
their original deadline? Weren't
the due for going online in June?
furuknap: Not
the example I'd use, but I get your point :-)
mircea_popescu: best indication ever
that auschwitz was a bad idea :
the jews didn't fight back at all.
furuknap: OK,
the leader (and
that's not me, just so you don't
think I'm blowing my own horn) needs
to understand what people need.
They usually say
that by fierce opposition.
mircea_popescu: what people want is
too widely distributed and also quite likely
to kill
them.
mircea_popescu: i don't
think any leader of any import ever cares what epople want. at issue is what people need.
mircea_popescu: he made it and
then
there was suddenly a desire for it, five years down
the line
furuknap: It does, but
the leader also needs
to know what people want.
mircea_popescu: arrington didn't appear because
there was a desire for
tech crunch
furuknap: Exactly, but
to get
there,
there needs
to be a desire for professional information
that is more visible. I'm
testing
the market with a new mining book in a few weeks (maybe a couple of months, depending on whether I move from Norway). Having some experience from publishing, I'd use
that
to understand
the market and what people want.
mircea_popescu: i just repeat
this periodically on
the
theory
that hey, you never know.
furuknap: Yeah, I'd love
to do
that, MP, but seriously, I'm not a finance guy. I understand
the math, but I'm more
technical
than would make me a financial person of any repoute.
mircea_popescu: anyone starting a blog now on
the
topic and sticking
to it professionally will be
the gigaom/whatever of bitcoin in a decade.
mircea_popescu: anyway, sorta back on
topic : bitcoin finance desperately needs analysts, of
the real kind
furuknap: SharePoint is more like Notes if you have
to compare it
to something.
furuknap: Yeah, but you also
thinks
the math looks like it support a price above 1.8.
furuknap: Think of it as a web base database with
tons of services and user configuration and db design. It's an accident waitning
to happen (and has happened) but it's widely adopted now.
furuknap: No, it has nothing
to do with Outlook.
furuknap: Yeah,
the early stuff was pretty bad and distributed in
two versions. One free was an extension of SharePoint and a server verson which was nothing of
the sorts.
mircea_popescu: ThickAsThieves i can't for
the life of me recall exactly wehat it was
ThickAsThieves: is
that
the one
that was basically Outlook on a stick?
mircea_popescu: windows sharepoint was some old, pretty much abandoned stuff ms came out with in i
think 2002
furuknap: Yup, at least
the ones
that are available. I've done a couple of private ones
too. All IT,
though.
furuknap: You can hang on for a couple of days and
the next one is out free. I'd be happy
to send you other copies
though.
ThickAsThieves: I will ask him
to post about how he pulls
the data
though
mircea_popescu: i'm just saying you gotta know
the basic idea, where he gets
the data, stuff like
that.
furuknap: This one is free. It's part of a
test I'm running
to see if I can get a better way of providing information
to people. My other 20ish books cost around $20 each.
ThickAsThieves: he gets motivation
to keep doing and developing it fiurther
truffles: whats
the price range of
this book ?
furuknap: Not really old, it came out with
the latest version in February.
ThickAsThieves: the guy has been supplying
this chart, noted no
tips, so I
thought hmm, I'll back him up a little and see where it goes