mircea_popescu: lotta derp about nothing.

mircea_popescu: "Also before even considering having a legitimate exchange, there must be legitimate securities. Forcing the exchange to adhere to rigorous standards without first forcing the securities to adhere to standards makes no sense. "

mircea_popescu: herp.

mircea_popescu: kakobrekla welcome to the dark side.

mircea_popescu: well for one i admire your blatant disregard for your own time.

mircea_popescu: why do p[eople keeop saying that anyway ?

mircea_popescu: i mean gypsy i can sorta get, the child porn thing is by now how americans say "Very very bad"

mircea_popescu: but isn't calling someone a narcissist more like a compliment ?

mircea_popescu: i mean to the general population.

mircea_popescu: who exactly they admire, professional navel grazers rightj ?

mircea_popescu: not that much love for odysseus these days

mircea_popescu: viva la liberacion dos internetos!!1

mircea_popescu: somewhat related, http://askthepast.blogspot.ro/2013/06/how-to-impress-girls-at-dance-1530.html

mircea_popescu: you know, if you asked me to give on the spot the one trait that i think most promising for the future of bitcoin,

mircea_popescu: i would say it's the universal disgust and borderline loathing market participants feel for everyone else involved.

mircea_popescu: it smacks me of very successful stuff, like the early us stock market.

mircea_popescu: pretty much everyone in florence despised everyone else, to the degree they had to bring outside mayors all the time

mircea_popescu: a beast, how ?

mircea_popescu: don't tell me you've done the deed together.

mircea_popescu: this must be some sort of parallel reality.

mircea_popescu: lol

mircea_popescu: am i missing some context or is this nonsequitur day ?

mircea_popescu: a yeah, syria's gettin' ugly.

mircea_popescu: speaking of which,

mircea_popescu: ;;later tell benkay http://bitbet.us/bet/522/israel-bombarded-from-syria/

mircea_popescu: dude srsly. 4chan is for porn

mircea_popescu: lol theswede catching on that it looks really lolzy to have his scamset trade flat while am burns to the ground ?

mircea_popescu: lmao

mircea_popescu: Namworld that's a common problem.

mircea_popescu: failed markets be failed markets.

mircea_popescu: THIS U.S. GOVERNMENT SYSTEM IS FOR AUTHORIZED USE ONLY!

mircea_popescu: Use of this system constitutes consent to monitoring, interception, recording, reading, copying or capturing by authorized personnel of all activities. There is no right to privacy in this system. Unauthorized use of this system is prohibited and subject to criminal and civil penalties, including all penalties applicable to willful unauthorized access (UNAX) or inspection of taxpayer records (under 18 U.S.C. 1030 and 2

mircea_popescu: U.S.C. 7431).

mircea_popescu: herp.

mircea_popescu: this is how dub got his ecu on his honda civic : http://honda-tech.com/showthread.php?t=3035366

mircea_popescu: http://thetruthwins.com/archives/72-types-of-americans-that-are-considered-potential-terrorists-in-official-government-documents

mircea_popescu: pretty list with links in there.

mircea_popescu: notably no bitcoin.

mircea_popescu: i think most notable is the very prominent self-centerdness of the entire thing

mircea_popescu: it's not as much a list of what the govt perceives as threaths, as a list of pats on the back for a bunch of old people that indeed someone still gives a shit

mircea_popescu: Urushiol how did you pick cointerra ?

mircea_popescu: the bitfury ppl are actually delivering, even bfl is delivering, these are actual chips.

mircea_popescu: lolk.

mircea_popescu: haha

mircea_popescu: anyway, has anyone even done a sum of all promised hashing this year ? just for lulz if nothing else.

mircea_popescu: userioao the wow.

mircea_popescu: 15x ? i wonder if this will become the law of bitcoin

mircea_popescu: "at any point, the sum total of all projects promising to add hashpower will equal ~15 times the current hash power"

mircea_popescu: better than moore's law

mircea_popescu: incidentally, http://upload.wikimedia.org/wikipedia/commons/0/00/Transistor_Count_and_Moore's_Law_-_2011.svg

mircea_popescu: possibly the best fit of any linear expression to an observable phenomena

mircea_popescu: yeah.

mircea_popescu: im not THAT old. the transistor's older than me.

mircea_popescu: my grandparents had vacuum tubes shit in the house.

mircea_popescu: imo the sound had a distinct, and pleasant quality.

mircea_popescu: jborkl on the other hand, i suspect the designs are yet very crude and as more bright lads look upon the matter we might see significant efficiency gains

mircea_popescu: so it wouldn't be a 28nm that's 100x better than 65nm per se

mircea_popescu: but a serious, multi-million mask made for 28nm is better than a rushed 65nm whatever.

mircea_popescu: and unless you're bfl, you're not making 28nm mockery runs. if you're spending 10mn on the run tyou're also spending 10mn on engineering for the run

mircea_popescu: well broadly speaking

mircea_popescu: http://www.swiss-miss.com/2011/04/helveticons.html

mircea_popescu: lolk

mircea_popescu: going off to make my 9nm dream chip.

mircea_popescu: http://i.imgur.com/2fqneNV.jpg

mircea_popescu: check out that sexy

mircea_popescu: ThickAsThieves yup, Anduck's delivery.

mircea_popescu: apparently they shipped yest

mircea_popescu: ystarnaud something >1gh/watt

mircea_popescu: lmao nice tandem

mircea_popescu: asicminer up on news of bitfury delivery. locig!

mircea_popescu: well, this is an age old problem in the semiconductor business

mircea_popescu: ystarnaud yes something like that.

mircea_popescu: San1ty-Work a company once imploded over this exact problem.

mircea_popescu: it ain't going any other way than down baby.

mircea_popescu: ;;nethash

mircea_popescu: ;;calc 54951.2548233*3.9

mircea_popescu: the total value of mining gear currently deployed = 214k

mircea_popescu: the total value of the one mining company ~= 550k

mircea_popescu: the total value of all mining scams = 1.2mn ?

mircea_popescu: lol doesn't begin to cover it >D

mircea_popescu: what's the scrypt barrier to entry ?

mircea_popescu: it will saturate within months.

mircea_popescu: that'll quickly becvome a problem.

mircea_popescu: bitcoin is one of those markets, like television, where being #1 pays. being #2 maybe can be made stable if you cut corners. the rest however is a money black hole.

mircea_popescu: the avenue through which this will be realised will vbe exactly mining diff/price relationship

mircea_popescu: it only exists for bitcoin.

mircea_popescu: fucking paranoid people. i have spent all my morning so far entering passwords.

mircea_popescu: WHY CANT WE JUST GET ALONG

mircea_popescu: lol

mircea_popescu: ystarnaud certainly a good back-up to have just in case.

mircea_popescu: ThickAsThieves my guess is it muddies the waters FOR LTC. much bnetter for it to have its own

mircea_popescu: duh.

mircea_popescu: que burnside explaining how he had a lot of respect for mpoe-pr

mircea_popescu: ystarnaud not quite everything

mircea_popescu: what chat log ?

mircea_popescu: who the fuck is appointed in a chat log in the first place. am i missing something ?

mircea_popescu: ya well.

mircea_popescu: here's an open secret : bitcoin is much like south africa back when it worked, an apartheid system. forumers, redditors and co are 2nd class citizens. we don't give a shit about them.

mircea_popescu: of course, unlike south africa the apartheid is voluntary, and reflects merit rather than birth

mircea_popescu: nevertheless, it's what it is.

mircea_popescu: interesting, so am is selling 10gh at 3.5, bitfury 10gh at 3.9 ?

mircea_popescu: pricewar ?

mircea_popescu: so basicalyl we'll be at ~.2btc / gh within about two weeks ?

mircea_popescu: i wonder if the am victorious muppets realise that undercutting bfl means am just undercut its own stock.

mircea_popescu: how much do they have online, like 10th ?

mircea_popescu: yes

mircea_popescu: ;;calc 60 * 3500

mircea_popescu: so .5 btc per share at their own blade prices

mircea_popescu: the move from ~4 to 3.5 was a good 15% sliced offa there.

mircea_popescu: if it goes to two, it's a further -40%

mircea_popescu: kleeck we're discussing things you can buy tho, not things people want to sell you.

mircea_popescu: at 3.5 yeah]

mircea_popescu: avalon isn't doing too well apparently, which leaves pretty much vbitfury with actual chips

mircea_popescu: dexX7_ some complaint about someone answering a phone

mircea_popescu: ThickAsThieves bitfury ? didn't they say it's 4ph or some scandalous shit like that ?

mircea_popescu: Rulother we used to have it two years ago. then google went apeshiot and banned api access.

mircea_popescu: a

mircea_popescu: Jiē diànhuà de rén shìgè kēxué guàirén < they who answered the phone were weird.

mircea_popescu: admittedly the last part could in some contexts be frankenstein but apparently it's not the case or w/e. chinese shit.

mircea_popescu: lol

mircea_popescu: "might"

mircea_popescu: haha nice young mao pic

mircea_popescu: thestringpuller you know that has been reported by people for a while

mircea_popescu: apparently it goes away

mircea_popescu: so there's this kid screaming bloody murder right under my window. i run out to see what the fuck.

mircea_popescu: cat is like "o hai"

mircea_popescu: lol

mircea_popescu: fosters are scams exactly for this reason. they know all it takes is to get you to take it temporarily.

mircea_popescu: because you're married to the catlady.

mircea_popescu: ahaha

mircea_popescu: parseval so buy s.mg shares :D

mircea_popescu: the microtx market is really tough.

mircea_popescu: if you don't get enough playerbase to catch at least one whale you make zero

mircea_popescu: if you get only one whale you make a little over a few weeks then he leaves.

mircea_popescu: to get a few so they can play together you need to spend a bunch on advertising to chase away all the other scammors implementing the same model.

mircea_popescu: you can probably make some dollars begging on kickstarter.

mircea_popescu: you can probably make more scamming bitcoiners with fake assets.

mircea_popescu: you make even more with legitimate assets, which is where i am

mircea_popescu: parseval dragon's tale example is what keeps me away from your mmo rpg casino idea.

mircea_popescu: the game is practically dead in the water.

mircea_popescu: it has a few kids trying to work the engine for fractions of 0.001 btc

mircea_popescu: and otherweise... nothing doing.

mircea_popescu: eulora is going to have game-y things, but meshed in

mircea_popescu: http://trilema.com/2013/eulora-game-mechanics-etc/

mircea_popescu: lotta words.

mircea_popescu: thestringpuller i have this impression i don't understand the q. what do you mean !?

mircea_popescu: ah, it's going the classical route, there's a client which you download.

mircea_popescu: the only way for players to put things in the world in that sense is to become part of the dev team

mircea_popescu: sure, and it's going to stay that way.

mircea_popescu: people could in principle mod it, not so sure why they'd want to but hey.

mircea_popescu: i guess if you have the patience you can re-make all models into your favourite pornstars.

mircea_popescu: just a version that's mostly workable on the code side should be here in oct.

mircea_popescu: after which it's mostly "add more models"

mircea_popescu: yea

mircea_popescu: but seeing how I don't build the towns etc, it's mostly upon the players to pick where they want what to go.

mircea_popescu: how do you mwean ?

mircea_popescu: well yes, everything's gonna be prefabbed.

mircea_popescu: players just pick where the inn goes, not what the inn looks like. unless they want to upgrade it, in which case it changes looks, but still to what the upgraded inn looks not to some thing arbitrary.

mircea_popescu: anyway, there is going to be some secure space in the sense that players can make their town guards beat up on violent ppl.

mircea_popescu: im kinda curions on one score, as to how many towns will be run democratically vs authoritarianly

mircea_popescu: and how well they'll do

mircea_popescu: possibly the first time something like that's been seriously modelled.