mircea_popescu: !ticker m s.mpoe

mircea_popescu: ;;whois Bugpowder

mircea_popescu: ;;ident Bugpowder

mircea_popescu: gah

mircea_popescu: ;;getrating Bugpowder

mircea_popescu: it will, and then recover again and crash again

mircea_popescu: who knows ?

mircea_popescu: ;;ticker

mircea_popescu: too complex.

mircea_popescu: lol so why didn;t you put that in if you would.

mircea_popescu: A novel attack against bitcoin What if someone were to put illegal information into the blockchain itself? Top secret information or magnet links for example.

mircea_popescu: the novel!

mircea_popescu: what if someone were to put a novel in the blockchain ?

mircea_popescu: heh.

mircea_popescu: so far i'm out what, 150btcs in salaries + all the promotional effort, to make someting

mircea_popescu: and the solution proposed is to tear it down and make something else, this time carefulyl curatedf from the general community ?

mircea_popescu: doesn't sound like a winner.

mircea_popescu: i get it, i get it.

mircea_popescu: i'm just gonna insist that peeps step up, take btc seriously etc.

mircea_popescu: but the bounced cheque comparison is possibly valuable. i don't imagine anyone with a bounced cheque failed to argue he made a mistake

mircea_popescu: not yet.

mircea_popescu: rassah needs to add address so far.

mircea_popescu: they have to add headers.

mircea_popescu: buffett has a very nice piece explaining the economics of capital intensive businesses

mircea_popescu: But the promised benefits from these textile investments were

mircea_popescu: illusory. Many of our competitors, both domestic and foreign,

mircea_popescu: were stepping up to the same kind of expenditures and, once

mircea_popescu: enough companies did so, their reduced costs became the baseline

mircea_popescu: for reduced prices industrywide. Viewed individually, each com-

mircea_popescu: pany's capital investment decision appeared cost-effective and ra-

mircea_popescu: tional; viewed collectively, the decisions neutralized each other and

mircea_popescu: were irrational Gust as happens when each person watching a

mircea_popescu: parade decides he can see a little better if he stands on tiptoes).

mircea_popescu: After each round of investment, all the players had more money in

mircea_popescu: the game and returns remained anemic.

mircea_popescu: ;;ident mircea_popescu

mircea_popescu: ;;eauth mircea_popescu

mircea_popescu: ;;everify freenode:#bitcoin-otc:adf2d557a738009c9237a79f6f8a8e12147b116ae1b36e362323a298

mircea_popescu: ;;rate pigeons -1 Killed my baby. http://v.gd/2ZVQQY

mircea_popescu: ya well what can i say. bitcoin stuff needs certainties.

mircea_popescu: it's how bitcoin works.

mircea_popescu: myeah. absent the possibility of a legal system it'll be interesting how that'll work.

mircea_popescu: i guess smarter people will find a solution at some point.

mircea_popescu: but yes, this IS horrible news for bitcoin in general.

mircea_popescu: i'm really not open to publicly discussing mpex policies anymore. they are what they are and that's that.

mircea_popescu: i'd have liked it too, but it's just not practical. mtgox keeps people's money fgor months/takes whatever out of it/etc,

mircea_popescu: dudes rewrite contracts to include ids and whatnot,

mircea_popescu: they piss on the public and guess what ? i'm the one idiot discussing it, so im the only idiot getting it in the teeth.

mircea_popescu: well... there's limits to being an idiot. it's actually much cheaper to be mtgox.

mircea_popescu: Namworld https://bitcointalk.org/index.php?topic=81939.0 that sort of stuff.

mircea_popescu: im pretty sure there wasn't, in this case.

mircea_popescu: that doesn't change the fact that if i let things stand i can wake up tomorrow to 5000 fresh cases.

mircea_popescu: with perfectly nothing i can do about it.

mircea_popescu: dub passive party pays more than it receives.

mircea_popescu: passive party can never be held to pay more than it received.

mircea_popescu: well if passive = losing then you have an extraction engine going

mircea_popescu: anyway, i'm off to bed. laters all.

mircea_popescu: midnightmagic because i'm the sort of idiot who tries to build people and institutions.

mircea_popescu: but i shall focus on making btc instead, no problems.

mircea_popescu: you all killed mah babe!

mircea_popescu: smickles what was that ?

mircea_popescu: o o

mircea_popescu: was that mid rally ?

mircea_popescu: well i guess we have bfl as a potential... tho i doubt they'll announce anything.

mircea_popescu: i don't even remember ;/

mircea_popescu: o yeah, yeah i do

mircea_popescu: there was large open call interest since early days of month

mircea_popescu: then puts sold short

mircea_popescu: days/week before the drop

mircea_popescu: then calls sold as the drop happened and puts covered/going long

mircea_popescu: smickles https://bitcointalk.org/index.php?topic=137923.0 there, that may be it.

mircea_popescu: whoa nelly.

mircea_popescu: another day, another dolla.

mircea_popescu: so did avalons arrive yet ?

mircea_popescu: o, wait, avalon ships from china ?

mircea_popescu: this is a deliberate attempt to drive people nuts.

mircea_popescu: Korbman you'd prefer a fan box running inaba's hot air ?

mircea_popescu: that box actually looks like the custom power unit i had for my old z80

mircea_popescu: back in the late 80s

mircea_popescu: iirc z80s are 110nm ?

mircea_popescu: a was it ?

mircea_popescu: im sure.

mircea_popescu: yeah ui was gonna say, it was a good 8 bit design

mircea_popescu: he means 400 lol

mircea_popescu: z80 was > 8080 iirc

mircea_popescu: well at least that's what thye claimed

mircea_popescu: and i believed it!

mircea_popescu: anyway, this was like 1988 and shit, not the early zilogs

mircea_popescu: i wonder if bfl next step, after tackling the android miner market, is to make z80 miner software.

mircea_popescu: a hey. hattip to Korbman

mircea_popescu: ya well he had something of a right idea.

mircea_popescu: omg moar fan cases ?!

mircea_popescu: maybe it's just the cover

mircea_popescu: im not entirely sure what'd appease them. maybe one of those go-pro cams attached to an employee's head

mircea_popescu: with direct feed

mircea_popescu: cause it wouldn't work in the toilet, right ? so it'd be clearly shenanigans there.

mircea_popescu: ;;ticker

mircea_popescu: Operating expenses were minimal in 2012 and the company also paid monthly bitcoin dividends to ‘public’ shareholders which represent 10% of the total 100,000,000 outstanding shares. To invest in the operator and bet on the house, SatoshiDice shares are traded on the MPEx bitcoin stock exchange under ticker symbol S.DICE (see August 19th, 2012 Prospectus). At the current exchange rate of $17.00 per BTC, SatoshiDice

mircea_popescu: is a company valued at $8.9 million.

mircea_popescu: teh wow.

mircea_popescu: kakobrekla http://trilema.com/2013/the-title-is-in-the-pudding/ you in the race too ?

mircea_popescu: :D

mircea_popescu: first at #1 wins!

mircea_popescu: i think i'm done with experiments in the people range.

mircea_popescu: i think the best way forward is if one of the lawschools does a summer project for this

mircea_popescu: it's just not practical to conscript people off the street for playing the legal scholar.

mircea_popescu: this wasn't supposed to be neither arbitration nor mediation tho.

mircea_popescu: midnightmagic http://trilema.com/2012/gpg-contracts/

mircea_popescu: ya well.

mircea_popescu: cuz i dun trust him.

mircea_popescu: well, to trust someone means to believe they act in a certain way.

mircea_popescu: i can currently make no prediction whatever. that means no trust.

mircea_popescu: midnightmagic what's the overage ?

mircea_popescu: a. no. i specifically went into the suit as an alternative to the "i simply keep it" rule in force.

mircea_popescu: so no. if anything, i went into the suit so as NOT to have to keep it.

mircea_popescu: nope.

mircea_popescu: the judges ruled that anyone can take any ammount of money from mpex at any time at their option.

mircea_popescu: jcpham how would you know ?

mircea_popescu: bitcoin is anon.

mircea_popescu: im not even, midnightmagic is as usual late to the parties lol

mircea_popescu: midnightmagic there's 130 btc that was missent. this was returned.

mircea_popescu: there's 10 btc paid by the op and 10 btc paid by mpex. out of these 20, judges get 9, prevailing party gets 10.

mircea_popescu: midnightmagic what srsly ? what straight answer is missing ?

mircea_popescu: midnightmagic but have you read the description of the problem ?

mircea_popescu: specifically http://trilema.com/2013/rota-post-mortem/ ?

mircea_popescu: im not upset in the slightest.

mircea_popescu: dub which rule ?

mircea_popescu: midnightmagic nope.

mircea_popescu: well i guess it depends. dead babies are supposed to be funny.

mircea_popescu: myeah.

mircea_popescu: hey, what can i tell you.

mircea_popescu: people humor and universe humor don't always mesh

mircea_popescu: the problem is the judges (unwittingly, i am sure) indemnified the active party

mircea_popescu: this can never work, in practice.

mircea_popescu: more generally, the rota can never work, in practice, because normal, honest, well meaning people have no way to reliably avoid falling in such tarpits.

mircea_popescu: im not hoping for anything. teh case is resolved, it has shown the system to not be workable, that's what it is.

mircea_popescu: dub nah.

mircea_popescu: dub i did no such thing ?

mircea_popescu: midnightmagic the thing suggested in my argument, ie, 92.x% award. person gets his 130, has to pay fee.

mircea_popescu: dub that's not in any way arbitration

mircea_popescu: pigeons i don't feel particularly criticised.

mircea_popescu: midnightmagic yes.

mircea_popescu: the whole fee.

mircea_popescu: dub i do not know why. i was being stewardly, i guess. trying to help the person along, because otherwise

mircea_popescu: if i just said "fiogure it out" i doubt he;d have ever found his way rthrough in time

mircea_popescu: midnightmagic yes.

mircea_popescu: ikr.

mircea_popescu: dead fuckin babies everywhere.

mircea_popescu: dub there's no discussion of intent of deeds and acts made during trial.

mircea_popescu: Bugpowder not exactly a scheme, and not to that, no. it was more of a, let them drive see what they do.

mircea_popescu: i will be extremely surprised if anyone actually uses it.

mircea_popescu: but who knows.

mircea_popescu: midnightmagic as much as it ever did.

mircea_popescu: jcpham no, you can't.

mircea_popescu: midnightmagic not really a crime.

mircea_popescu: midnightmagic cleanner.

mircea_popescu: the old "is it better to have tried and failed or to not have tried at all" discussion huh.

mircea_popescu: im excited about watching a film, so we reconvene once everyone's deexcited lol

mircea_popescu: maek a lot of monyz ?

mircea_popescu: by the way, if anyone speaks any chinese : here's a draft of mpex faq http://mpex.co/faq_cn.html

mircea_popescu: i would much appreciate any input.

mircea_popescu: since i can't read that language.

mircea_popescu: actually i imagine that'll become quite the lucrative market in the future.

mircea_popescu: prolly end up more or less standardized by practice etc.

mircea_popescu: Bugpowder how much ?

mircea_popescu: http://satoshidice.com/lookup.php?tx=&limit=1000&min_bet=100&status=ALL much better link. 1/4 of the page is today.