949000+ entries in 0.675s
Namworld: I'm
taking 3 for
the heck of it.
Bowjob: so it goes up in price as
they get sold ala bitbet
Namworld: Hopefully
that issue will be solved.
mircea_popescu: Namworld
the problem here is
that since we don't have multiple implementations,
the behaviour of clients is centralised not by
their will
Namworld: If
they don't simply follow
the longest chain...
mircea_popescu: i won't be speaking for some charity in
tibet because i don't give a shit. if people actually do
this sort of crap
then btc will be fucked on
the longer
term
Namworld: technically it works by miners vote. Forks can be created. Users can as well follow forks according
to what
they want...
mircea_popescu: suppose china comes
to avalon or asicminer and says you must not rely
the
tx of
this charity
mircea_popescu: zerokwel moreover
this is a serious problem for
the future.
zerokwel: so for exaple if everyone blocked
the pools ip
that was not helping
the network. same result :)
zerokwel: so by using
the above reasoning if we beleve
that a pool blocking SD
tx is a bad
thing.
then stoping
that pool from working would be
the same example
Namworld: I just don't see you handling punishments or people showing fear... I'm not sure what
that fear part is about.
mircea_popescu: irc is not
too good a medium for
this discussion, it'll just get fragmented into nonsense.
mircea_popescu: midnightmagic listen, post an article on
the
topic somewhere. i'll read it
midnightmagic: first, upset isn't
the word for it; second,
that's not why
they're advocating against it.
mircea_popescu: obviously
the point was undestood even if
they're
too spineless
to admit
this, or else we wouldn't have seen
the move
to
the rabble rousing populist forum bs.
mircea_popescu: but yah
that's what i was explainingto luke and co back in feb : if
they exclude sd
txs
that doesn't exclude sd from bitcoin, it excludes
them from mining.
zerokwel: and if pools are going
to start bullshit rules of not wanting
to
talk
to others
then miners need
to move
zerokwel: dont people
thing btc is going
to have a LOT more
tx
than
that come a few years
time
Namworld: In SD's case, blockchain
transactions
Namworld: I
thought it was mostly like SD, hate. Because of what you do, not having a slice of
the pie, whatever. And
trolls aplenty.
Namworld: Quite interesting, but I'm not sure about
the part where
they fear you vs hate like for SD.
gribble: BTCUSD
ticker | Best bid: 46.41201, Best ask: 46.42000, Bid-ask spread: 0.00799, Last
trade: 46.42000, 24 hour volume: 19533.70116065, 24 hour low: 46.40000, 24 hour high: 47.44999, 24 hour vwap: 46.95153
Ukto: but as Bowjob said,
they have lost alot of expected value
Bowjob: or
they start pre ordering from avalon batch 3
Bowjob: ittl go down
the drain
tiberiusiv: so what happens
to
the havelock funds
that preordered basic/bfl?
gribble: BTCUSD
ticker | Best bid: 46.47001, Best ask: 46.83966, Bid-ask spread: 0.36965, Last
trade: 46.83966, 24 hour volume: 19691.27912928, 24 hour low: 46.40000, 24 hour high: 47.44999, 24 hour vwap: 46.95610
tiberiusiv: mircea: so really
the store only benefits
those
that derive bitcoin incomes, which is a
tiny % of people
tiberiusiv: mircea: heres
the problem with
the bitcoinstore, if someone has
to convert fiat into BTC
to shop on
the store,
the slippage kills any pricing power over amazon
tiberiusiv: guy
turned it into a charity asking
the community
to support
the store lol
tiberiusiv: or else he loses
the pricing advantage
tiberiusiv: that he has
to reach 850k in sales by march 31st
tiberiusiv: problem with
that concept is his customer base is so small, basically people who derive a bitcoin income
tiberiusiv: his site was running only in
the last 2 weeks but he needs
to sell 800k+
to keep
the competitive pricing
tiberiusiv: how did
they make deals
to sell 800k+ of merchandise on a none existant store
tiberiusiv: i
thought roger ver and memory dealers were suppose
to be intelligent
mircea_popescu: and
then
tehy have
the cheek
to even
talk
to my girl in
the forum,
mircea_popescu: is a story of people
trying, failing and
then going eh what
the fuck, we can't admit we've been idiots.
mircea_popescu: tom's basic
thing is exactly
there. bitcoinica failed
the exact same way. everything in
the drama
timeline
tiberiusiv: now
they are hoping
to get anything out just
to get new orders in
to obtain
the $$
to fill old ones
mircea_popescu: ya
they should get it within
the widest imaginable industrial standards.
Bowjob: oh nvm, at least -10% so if
they ship at
their expected specs
then its a win
Bowjob: "Devices must be in scope of at least -10% of advertised performance in order
to be accepted as valid"
Bowjob: better yet
they dont ship
Chaang-Noi: however if
the specs are 11% better im still going
to lose even if
they ship
Chaang-Noi: wow im 10% of
the yes money on
that bet, and i got in on
the first day
Chaang-Noi: however i
think it will
take a while
to get
their 5000 ships out
mircea_popescu: Chaang-Noi
that's what
the bet volumes would seem
to indicate.
Bowjob: id be pissed off if
they increase
the
TH
to 800
Chaang-Noi: i
think bfl will shit
this month or next
mircea_popescu: but srsly :
the dwindling of bets (especially hedging bets) is clear indication
that BFL is about
to go bust.
Bowjob: then if
they will be shipping..
then why are bfl victims not betting ?
Chaang-Noi: and i had bey soo many
times
they would fail before, starting in 2011 :)
mircea_popescu: basically
the god particle looks like a mushroom on mushrooms.
tiberiusiv: is
there anywhere i can read how
this is structured?
tiberiusiv: so is it possible
the house can ever have a major loss
mircea_popescu: tiberiusiv
the admin
that aprpoves your bet also splits
the .1 pot
Bowjob: the house doesn't set
the odds. ..
tiberiusiv: mircea: so lets say i place a bet, what does
the house do?
Bowjob: Though
their forums work
Bowjob: hey mp, if
the lower amount loses, you lose
the bet
too?
mircea_popescu: tiberiusiv with every new bet,
the house will split .1 btc (or more) among yes/no
tiberiusiv: housebets are bets
the house is offering?
tiberiusiv: 300 p/e ratio based on
the first 2 months
Bowjob: MP, you should switch
the math question around
Bowjob: someone needs
to own up. who was mr 500 BTC
kakobrekla: i
thought
they were on josh-zerlan.com
tiberiusiv: i mean
the financial statements for
the stock