mircea_popescu: "It would be so awesome, if the owner of this homepage just takes all the coins. :D it's almost 2 000 000 fucking dollars!!!!"
benderp: california ain't so bad after all, guys!
benderp: 50% of the land is covered with asphalt, and 40% with retarded californian lean-to's in the style of something elsewhere that actually matters
khersonus: taking coins is typical stupid bitcoin user logic. It shows with the number of scams that have happened.
benderp: but the best part is how the cell network can't sustain a connection to IRC via anything but JS.
mircea_popescu: benderp well look on the bright side : maybe it falls into the ocean.
khersonus: mircea_popescu: that there have been a large number of scams in bitcoin as a result of the "owner takes all the coins" thinking
khersonus: mircea_popescu: btw, been reading through your blog, good stuff (and some... weird stuff)
assbot: [HAVELOCK] [PETA] 2 @ 0.06907214 = 0.1381 BTC [+]
mircea_popescu: the problem here would be that bitcoin is a two tier society.
mircea_popescu: while the plebs like to claim that they're "the community", this was never either true or seriously considered by anyone.
mircea_popescu: so... don't tell me about how the people that didn't listen to mpoe-pr and went and lost their btc on glbse somehow "Suffered"
mircea_popescu: they suffered the just reward for their idiocy, which has nothing to do with bitcoin in any sense, and even less with exchanges, or with owners
khersonus: mircea_popescu: why not run your options system with your own pricing index? it seemed to me that your two complaints about bitcoincharts were that an exchange pushed doge data, and they didn't remove mtgox. Couldn't you do better yourself?
mircea_popescu: ThickAsThieves o hey, the bet is officially a net positive nao. Yes pays: 0.99990488
assbot: [MPEX] [S.MPOE] 6200 @ 0.00088721 = 5.5007 BTC [+]
mircea_popescu: khersonus i could, practically. i couldn't, theoretically, becuase THAT would be undue concentration, ie the bad sort of centralisation.
Duffer1: that would be a pretty massive conflict of interest khers
mircea_popescu: Duffer1 imagine if i also got to select the secret valid nonce for each block, too.
khersonus: Duffer1: maybe that's true. But maybe this big bet on berkshire is also a conflict of interests? he owns most of bitbet anyway, I thought
mircea_popescu: khersonus so what is the ownership of bitbet going to do, change the brk-a market ?
Duffer1: that's different though, the terms are clear to everyone and unalterable
Duffer1: i suppose so, you are right
khersonus: a proper index could publish all of its calculations. It could even be a collection of scripts that everyone could run to verify the data on their own. mircea could just publish the verified results.
benderp: asciilifeform: wtf? forgive my naive but what are the actual odds of that happening?!
ThickAsThieves: to play devil's advocate, why wouldn't MPEx use a decentralized system to manage its issuances, assuming things like orderbook delays were not a problem?
mircea_popescu: khersonus but there's some decisions to be made, and they're toxic for me.
assbot: [HAVELOCK] [NEOBEE] 97 @ 0.00349948 = 0.3394 BTC [+] {3}
mircea_popescu: or rejecting bitfinex, which inexplicably everyone includes atm
khersonus: it still doesn't seem like it would be that difficult of a problem. I'm surprised you haven't come up with a solution, given the potential profit it could have and has had for mpex
ThickAsThieves: didnt google cars go around pretty much port scanning entire nations?
ozbot: Man accused of stabbing Russian diplomat is DND employee, reservist
ozbot: Index of /logs/bitscotty
assbot: [HAVELOCK] [NEOBEE] 35 @ 0.00349951 = 0.1225 BTC [+]
ThickAsThieves: "Can someone explain to me why Berkshire stock has the value that it has? It has never paid a dividend. What benefit is there in owning such a stock, other than it increasing in value?"
khersonus: "if you look at the whole pie I’d be muchly surprised if a tenth of all Bitcoin trade ever sees a so-called exchange website" < if this is really true, I can see your point. I've just never witnessed that much otc trading, perhaps.
Dimsler: how is that any different then facebook?
ozbot: -altoid- comments on Bitcoin Baron Bets Bitcoin Beats Berkshire
dub: eww that thing looks like lorde
mircea_popescu: "damn these reality check things getting in the way of my delusional substitute for a through process"
dub: asciilifeform: is there something deeper than 'nsa tests botnet I think'?
assbot: [MPEX] [S.MPOE] 6750 @ 0.00088566 = 5.9782 BTC [-]
mircea_popescu: 'random botnet-ish requests show vague link to nsa in one blogger's estimation' is what i'd call it
assbot: [HAVELOCK] [NEOBEE] 80 @ 0.0034994 = 0.28 BTC [-] {3}
ozbot: O hai. I was justing doing a penetration test of your site. pe Trilema - Un blog de Mircea Popescu.
assbot: [HAVELOCK] [NEOBEE] 99 @ 0.00349953 = 0.3465 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00349949 = 0.175 BTC [-]
Duffer1: so Obama called Putin to tell him the U.S. would never recognize the Crimea referendum. I can't imagine Putins response was anything other than "HAHAHHHAAHAHA"
mircea_popescu: or perhaps something along the lines of "Yes well, I once asked a married woman to my hotel room. She said no and yet showed up."
ozbot: Markets hang in the balance ahead of Fed decision
assbot: [MPEX] [S.MPOE] 5141 @ 0.00088721 = 4.5611 BTC [+]
assbot: [HAVELOCK] [RENT] 86 @ 0.00514875 = 0.4428 BTC [-] {7}
Hirethestache: Is it possible to send a wager to Bit et from Coinbase?
mircea_popescu: (it asks you where should payment be sent if you win. make sure you own that address)
Duffer1: do you have confidence that coinbase will still be around by the time the bet resolves though..
Hirethestache: I've searched for a simple guide, but there are not many resources on the specific resolve
benkay: Duffer1: coinbase wouldn't have to be around by bet resolution, though.
benkay: Hirethestache: do you have your own bitcoin wallet?
Hirethestache: I do, more or less. I have my cold storage, but I use my small amount on CB for small transactions.
Duffer1: depends if he downloads the private keys or not
benkay: you might consider developing a workflow that includes owning your own bitcoins.
benkay: it's onerous, but most worthwhile things are.
Hirethestache: I'm mobile, and there are not any iOS apps for BTC wallets that I know about. I have my android with a small wallet, but it's not on me ATM.
benkay: do you not have a computer?
Hirethestache: Just my iPhone and nexus tablet, but I won't have access to the nexus for 48hours
benkay: you know the Nexus is trivially broken wide open and all storage read out, right?
benkay: (true of all phone-type-combudder things)
Hirethestache: Do you have any documentation on that? I need to look into that, definitely
benkay: no documentation necessary. it's not your hardware. it doesn't obey your commands. don't put your coins on it.
benkay: spend 200 bucks on a linux netbook.
ozbot: IRC Yeshiva | When Bitcoin Met Pete
Hirethestache: Oh yeah, I don't have any coins directly on it. I have a small Coinbase account, a small amount on my nexus wallet, and everything else on a paper wallet in a safe
bitcoinpete: Also partially inspired by Rabbi bin Popescu's "a bug in the implementation of physicality" line.
mircea_popescu: having a few cents in there for convenience is fine, but don't go overboard
benkay: convenience? this is bitcoin!!!11
mircea_popescu: benkay as an experiment i put a privkey in a window at some point in 2012.
benkay: you keep 2/21M of the monetary base on your phone?!
benkay: mircea_popescu: still unspent?
assbot: [MPEX] [S.MPOE] 13500 @ 0.0008893 = 12.0056 BTC [+] {2}
Hirethestache: It's on the nexus which is wifi only, and I only go online when I need to use it for BTC. Two step aught still
benkay: mircea_popescu: i guess 2012's a while ago in buttyears
benkay: test123: lotsa stuff happens here. some bitbet stuff as well.
ozbot: BitBet - Bitcoin to surpass Berkshire as an investment
mircea_popescu: bitcoinpete some history books are filled with pompoms
mircea_popescu: like "An Illustrated History of Pompoms, and the BonBons that Whore Them"
Hirethestache: But back to my original question, is there an easy way to send to bitbet from Coinbase? I wanna get in on this bet ASAP, but I only have my iPhone, ergo only have access to the Coinbase wallet
mircea_popescu: Hirethestache you can send from anywhere. just make sure you control the outbound address you specify.
bitcoinpete: mircea_popescu lmao I'll have to look for those next time I'm at the public library
test123: for that berkshire bet, why are people betting now- why not wait until just before betting closes, when bets aren't locked in?
Hirethestache: Might have to email myself from my Coinbase and take the address out of the ema. That's the only workaround I can think of
mircea_popescu: Hirethestache if you say you have a cold wallet, you can just use that as a bitbet outbound address
benkay: Hirethestache: there are also brainwallets you could use
mircea_popescu: compare 26-11-13 11:10Yes94`37011.0000000013kEx13.96254379 with 17-01-14 13:22Yes14`48210.0000000014NeT10.32864719
Hirethestache: Mircea, I don't have the cold storage addresses stored digitally anywhere
benkay: you may consider a dicelist and a deterministic wallet, Hirethestache.
mircea_popescu: ah, the two weeks, bitcoin's only true measure of time.
Hirethestache: My bitcoin lingo is now officially dead in the water. I really need to do more research. You think you know so much until you realize you don't.
benkay: honestly it's probably tuning itself for grbble queries, mircea_popescu.
mircea_popescu: no, it can't. cause it doesn't know what gribble clicks.
benkay: oh come on they can kinda infer that, right?
mircea_popescu: this is the perfect anon model, gribble googling. how would google ever figure it out ?
benkay: perhaps clustering against gribble searches then, which weights trilema?
benkay: mad trilema-y searches from gribble.
assbot: [MPEX] [S.MPOE] 2249 @ 0.0008887 = 1.9987 BTC [-]
benkay: Hirethestache: for how long are you traveling?
test123: i see thanks- greater weight equals greater pay out at end if on winning side
Hirethestache: ^^hence the reason I'm so adamant about betting ASAP hah
mircea_popescu: Hirethestache wait, you think the berkshire bet ends in a week or is this some other bet you're talking asbout
benkay: hey jsbrekla text is not highlightable on bitbet homepage
mircea_popescu: anyway, if you're travelling with no safe addresses and no way to make them you're sol.
mircea_popescu: so for all the kids keeping score at home : always carry some safe addresses when travelling.
benkay: one never knows when bitcoins are going to shower from the heavens
benkay: Hirethestache: if your bet closes in 7 days just use the CB address. they won't likely go out of business with so little fanfare.
Hirethestache: Yeah, you guys are schooling me on my knowledge, or lack thereof, of proper BTC safety
benkay: mircea_popescu Hirethestache doesn't CB allocate users a specific receipt address?
benkay: mircea_popescu Hirethestache i'm suggesting using the user-specific inbound address.
Duffer1: they don't make it obvious, but i believe they do, let me check
benkay: this is BTC school Hirethestache
benkay: bitcoinpete.com/2014/irc-yeshiva/ Hirethestache
mircea_popescu: "Being quiet and studious is broadly unknown in a western culture that prizes “views”, “likes” and the inane extraversion required to generate them." no see, that's attacking people's self esteem.
Duffer1: Hirethestache it appears coinbase keeps track of all addresses generated by your transactions (they appear to use a new address for every deposit/withdrawl) you can view them under Account Settings - Bitcoin Addresses
assbot: [MPEX] [S.MPOE] 14800 @ 0.00088958 = 13.1658 BTC [+]
Duffer1: hirethestache money sent to any of those addresses in that list will probably be credited to your CB account, but i'm not 100% on that, by trying to dumb it down for the average person they make it way more complicated...
mircea_popescu: if they have 1k customers that make 1k transactions each that's 1mn addresses they have to keep track of
benkay: it's a rails stack, who said anything about scaling?
benkay: they're in a tough spot. they're guaranteeing cold storage for customer funds, but also that they can send funds on demand. this requires they commingle, which is anathema.
benkay: maybe allowing ones funds to be so commingled is anathema.
benkay: maybe trusting others with ones coins.
benkay: specifically, silly-con valley bank.
benkay: that is *definitely* anathema.
mircea_popescu: ya well, i don't personally trust them so i have no use for them on these lines, but in principle what can you do.
benkay: ruby on rails = bitcoin marble pillars
benkay: client has app and backend they brought my firm on to shephard into app store and reverse-engineer an SDK out of.
benkay: backend in php 'cause what else
benkay: when it comes time to compare hashes, guess what happens.
benkay: (NO SERIOUSLY ARE THESE STRINGS EQUAL)
benkay: i don't even php, so i don't know how hard you're trolling right now
benkay: wouldn't be surprised if that call was something along the lines of "are these both thingers in memory? great! return true."
mircea_popescu: i don't know how hard im trolling either, tbh, but i figure it should be somewhere between my penis and a brick wall.
benkay: anyways, love these guys. smart fuckers. tough sell on the job is going to be lisp and not haskell for the backend.
benkay: although maybe we'll all learn some haskell and learn something about strongly typed systems.
diametric: mircea_popescu: quite the commotion you you started with that bet
diametric: i like it, all the anti-mp people were out in full force on reddit
diametric: "the guy that runs bitbet made the bet and he's a scammer!" many lols were had.
mircea_popescu: yeah well, there's people out there claiming that obama is smart and putin good looking
steven-__: reddit has been in quality free fall for 4-5 years same goes for hn
mircea_popescu: i find it hard to believe reddit ever had any qyality to begin with
diametric: honestly its just a degradation of the signal to noise ratio that happens in any online community that gains popularity with the masses.
mircea_popescu: back when digg still existed reddit was where the furies gathered
mircea_popescu: then conde nast bought it and it became sorta-popular with the majored-in-business crowd i guess
diametric: mircea_popescu: when is your bitcoin conference?
benkay: i was seeing mythical things.
steven-__: i wonder if the pants are just to hide the dick holes you know they have
diametric: i tend not to judge others on harmless stuff, though that shit must be uncomfortable as fuck to wear.
assbot: [MPEX] [S.MPOE] 20338 @ 0.00089073 = 18.1157 BTC [+] {2}
mircea_popescu: diametric what's harm to do with anything ? i'd rather take a smoker than someone who watches tv.
diametric: to what end though, i don't really care if people dress up like animals and fuck each other if they want too. I think its weird, but I would not consider myself a better person than they on that alone.
mircea_popescu: what they consider beautiful would seem a major consideration
diametric: a consideration for what? I mean, sure its something I might factor in if its relevant to the situation, but I wouldn't dismiss someone simple because of that.
diametric: I do dismiss people that inflict harm on others, despite whatever else they might have to offer
mircea_popescu: i can't see how i could take seriously someone with poor taste.
mircea_popescu: asciilifeform it may even be a chicken and egg thing. maybe the pedestrian anonimity thing comes from the suits.
mircea_popescu: diametric i mean what, you can't be friends with a war veteran ?
diametric: its a fetish. some people like feet, some people like anal gaping, some people like making scrambled eggs compromised of equal parts chicken eggs and semen. those guys like dressing up like animals and fucking. I think anonymity is incidental
mircea_popescu: asciilifeform nah it's a lot more diffuse than that. i suspect many of them actually worked in a job that required them to dress as an animal. they do that for parties/disne\yland etc.
mircea_popescu: for whatever reason the thing stuck, because most of these kids are unemployable save for some fantasy enacting
mircea_popescu: ("i'm not really a waitress, i'm just on my way to the newsweek stint")
diametric: mircea_popescu: I see your point, maybe not harm at its basic level. Intent has a lot to do with it.
mircea_popescu: diametric is this something you've considered systematically or not really ?
diametric: nah its not something i spend a lot of time thinking about.
Mats_cd03: diametric then you will always be vulnerable to those willing to xommit violence
diametric: i spread myself too thin honestly, i have a wide range of interests but never enough time to fully explore them.
ozbot: 4.250 billion | Next Diff in 1379 blocks | Estimated Change: 10.1200% in 8d 14h 30m 21s
diametric: where does .bait get its porn from?
diametric: I had always assumed it was some personal collection of pictures.
assbot: [MPEX] [S.MPOE] 1400 @ 0.000893 = 1.2502 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 273 @ 0.00349936 = 0.9553 BTC [+] {5}
assbot: [HAVELOCK] [NEOBEE] 35 @ 0.00330156 = 0.1156 BTC [-] {3}
diametric: asciilifeform: so that pod i got off ebay works on the logic analyzer
assbot: [HAVELOCK] [DEALCO] 30 @ 0.00449493 = 0.1348 BTC [-] {3}
assbot: [HAVELOCK] [PETA] 4 @ 0.06907062 = 0.2763 BTC [-]
assbot: [HAVELOCK] [PETA] 5 @ 0.06899997 = 0.345 BTC [-]
assbot: [MPEX] [S.MPOE] 6950 @ 0.00088991 = 6.1849 BTC [-]
assbot: [HAVELOCK] [RENT] 50 @ 0.00511804 = 0.2559 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 4496 @ 0.00088989 = 4.0009 BTC [-] {2}
ozbot: Bitcoin Barron Challenges Berkshire - Slashdot
artifexd: "All email received unencrypted is automatically deleted unread." <- Should there be a comma between "deleted" and "unread"?
assbot: [HAVELOCK] [B.MINE] 9 @ 0.05259833 = 0.4734 BTC [+] {2}
Duffer1: i would, dunno if it's grammatically necessary though
BingoBoingo: Also, slipping typos past /. editors is a thrill
joecool: <Diablo-D3> people read /.? < the english language is tricky on this point, it is true that people have read /. however I do not think people still read /.
assbot: [MPEX] [S.MPOE] 52805 @ 0.00089261 = 47.1343 BTC [+] {4}
assbot: [MPEX:S.MPOE] 1D: 0.00079506 / 0.00083849 / 0.0008949 (798560 shares, 669.59 BTC), 7D: 0.00079084 / 0.00083345 / 0.0008949 (8266767 shares, 6,889.96 BTC), 30D: 0.000745 / 0.00085513 / 0.0008982 (30247797 shares, 25,866.00 BTC)
assbot: [HAVELOCK] [PETA] 3 @ 0.06899866 = 0.207 BTC [-]
assbot: [HAVELOCK] [AM100] 63 @ 0.006 = 0.378 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 5 @ 0.06899865 = 0.345 BTC [-]
assbot: [HAVELOCK] [AM100] 80 @ 0.005965 = 0.4772 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 5300 @ 0.00089405 = 4.7385 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 39 @ 0.00344999 = 0.1345 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 38200 @ 0.00089443 = 34.1672 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 18150 @ 0.00089119 = 16.1751 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 17359 @ 0.00089485 = 15.5337 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 10896 @ 0.000895 = 9.7519 BTC [+]
assbot: [HAVELOCK] [B.SELL] 2 @ 0.0680001 = 0.136 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 52484 @ 0.00088812 = 46.6121 BTC [-] {6}
assbot: [MPEX] [S.MPOE] 29819 @ 0.00088652 = 26.4351 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 13300 @ 0.00089246 = 11.8697 BTC [+]
assbot: [MPEX] [S.MPOE] 13179 @ 0.00089382 = 11.7797 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 13650 @ 0.00089225 = 12.1792 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 8107 @ 0.00089012 = 7.2162 BTC [-]
assbot: [MPEX] [S.MPOE] 18294 @ 0.00089004 = 16.2824 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 136 @ 0.00348023 = 0.4733 BTC [+] {3}
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00349999 = 0.175 BTC [+]
assbot: [MPEX] [S.MPOE] 5841 @ 0.00089507 = 5.2281 BTC [+]
assbot: [MPEX] [S.MPOE] 17360 @ 0.0008957 = 15.5494 BTC [+]
ozbot: 4.250 billion | Next Diff in 1319 blocks | Estimated Change: 12.0150% in 8d 1h 25m 20s
gribble: Bitstamp BTCUSD last: 624.17, vol: 5229.17631623 | BTC-E BTCUSD last: 619.0, vol: 3520.16353 | Bitfinex BTCUSD last: 622.9, vol: 3034.80102891 | CampBX BTCUSD last: 644.03, vol: 27.03976344 | Kraken BTCUSD last: 634.7904, vol: 7.60273383 | Bitcoin-Central BTCUSD last: 641.971901103, vol: 37.82252322 | Volume-weighted last average: 622.418876926
assbot: [HAVELOCK] [PETA] 2 @ 0.06899943 = 0.138 BTC [+]
assbot: [HAVELOCK] [PETA] 2 @ 0.06899942 = 0.138 BTC [-]
assbot: [MPEX] [S.MPOE] 13600 @ 0.00088761 = 12.0715 BTC [-] {3}
bounce: oh, nice to wake up to a spurious paste. another reason to hate trackpads.
bounce: because if it wasn't, it gets bailouts
assbot: [MPEX] [S.MPOE] 4900 @ 0.00088908 = 4.3565 BTC [+]
mircea_popescu: o look, mpoe is trading 88 now ? i guess short sellers got bored or what
assbot: [HAVELOCK] [B.EXCH] 9 @ 0.11950724 = 1.0756 BTC [-]
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05259698 = 0.1578 BTC [-]
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05259698 = 0.1578 BTC [-]
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05259698 = 0.1052 BTC [-]
assbot: [MPEX] [S.MPOE] 11700 @ 0.00088908 = 10.4022 BTC [+]
BingoBoingo: Tychoon, Barron... Things were bound to go wrong when I tried to submit to Slashot completely sober/
assbot: [HAVELOCK] [AM1] 1 @ 0.615 BTC [+]
assbot: [HAVELOCK] [B.SELL] 7 @ 0.06909855 = 0.4837 BTC [+] {7}
BingoBoingo: Still the name of the game is challenging the editors to catch these things
assbot: [MPEX] [S.MPOE] 3200 @ 0.0008882 = 2.8422 BTC [-]
isthisreallyreal: Anyone care to explain what's going on here ? :p Im totally new to this. Haha
kakobrekla: this box is internet relay chat aka irc
kakobrekla: you type stuff in and other people can see
kakobrekla: then they can reply back if they wish to do so
isthisreallyreal: haha, not that basic! I'm just wondering exactly what you're talking about here:)
isthisreallyreal: A user from bitcointalk refered me here to gain some more experince about bitcoin in generel.
kakobrekla: or you can chop them up and make a nice wooden table
isthisreallyreal: And also, do you guys know any good marketplace where i can buy and sell with bitcoin?
assbot: [MPEX] [S.MPOE] 57337 @ 0.00089642 = 51.398 BTC [+] {5}
isthisreallyreal: overstock.com? I can only see that you can buy with regular currencys on that site!
assbot: [HAVELOCK] [AM1] 3 @ 0.60646667 = 1.8194 BTC [-] {2}
kakobrekla: but theres a "buy now with bitcoin" button on the bottom of product page
assbot: [HAVELOCK] [AM100] 67 @ 0.00595003 = 0.3987 BTC [-] {3}
isthisreallyreal: Do you guys use "bitcoins" regularly? :p Or what you find interesting about it?
mircea_popescu: isthisreallyreal you need to stfu and read now, before you go on everyone's ignore.
assbot: [MPEX] [S.MPOE] 17500 @ 0.00089713 = 15.6998 BTC [+]
hdbuck: im new too, delighted to finally make it to the high sphere, have read the logs about what happened on the 4th of feb.. still trying to figure it all out. cheers. :)
assbot: [MPEX:S.MPOE] 1D: 0.00079506 / 0.00087709 / 0.00089713 (838186 shares, 735.17 BTC), 7D: 0.00079084 / 0.00083456 / 0.00089713 (8310811 shares, 6,935.92 BTC), 30D: 0.000745 / 0.00085545 / 0.0008982 (30408720 shares, 26,013.21 BTC)
assbot: [MPEX] [S.MPOE] 13800 @ 0.0008974 = 12.3841 BTC [+] {2}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05259507 = 0.1052 BTC [+]
assbot: [MPEX] [S.MPOE] 863 @ 0.00089705 = 0.7742 BTC [-]
assbot: [HAVELOCK] [B.SELL] 3 @ 0.06999999 = 0.21 BTC [+] {2}
assbot: [HAVELOCK] [B.EXCH] 3 @ 0.11950724 = 0.3585 BTC [-] {3}
assbot: [HAVELOCK] [B.SELL] 2 @ 0.06999999 = 0.14 BTC [+] {2}
assbot: [HAVELOCK] [B.MINE] 5 @ 0.05087319 = 0.2544 BTC [-] {4}
assbot: [HAVELOCK] [AM1] 1 @ 0.606 BTC [-]
assbot: [HAVELOCK] [B.SELL] 5 @ 0.06999999 = 0.35 BTC [+] {4}
assbot: [HAVELOCK] [B.EXCH] 4 @ 0.11950724 = 0.478 BTC [-] {4}
assbot: [HAVELOCK] [B.EXCH] 1 @ 0.11950724 BTC [-]
assbot: [MPEX] [S.MPOE] 7951 @ 0.00089528 = 7.1184 BTC [-]
assbot: [HAVELOCK] [B.EXCH] 27 @ 0.11950724 = 3.2267 BTC [-]
assbot: [MPEX] [S.MPOE] 9395 @ 0.00088963 = 8.3581 BTC [-] {2}
cazalla: patting a rabbit with an open palm (as in the video) blocks it's vision which can make it become defensive
cazalla: i breed NZ whites for meat, some of them would do the exact same thing or even bite if i harassed them as in that video
assbot: [MPEX] [S.MPOE] 5350 @ 0.0008895 = 4.7588 BTC [-]
ozbot: Turkish PM to hold consultations with Azerbaijan on Crimea - Trend.Az | Mobile version
ozbot: Twitter / JamesKerLindsay: Turkey occupying Cyprus discusses ...
Mats_cd03: dinosaurs behaving like the world still belongs to them
chetty: news flash: pot calls kettle black
assbot: [HAVELOCK] [NEOBEE] 77 @ 0.00331241 = 0.2551 BTC [-] {2}
mircea_popescu: in fact, it's unsafe for them to be even within one kilometer of each other.
wao-ender: yeah, comply with safety rules while hijacking plane.
wao-ender: I think for upthrust is one km still safe
Apocalyptic: mircea_popescu, he could stay at a reasonable safe distance while still being close enough to show as 1 spot on the radars imo
mircea_popescu: in racing however the road is there to keep the cars up, and turbulence only causes a problem at high speeds, because the cars are designed so that the air pushes them on the ground.
mircea_popescu: there are occasionally accidents where a car follows a leader too close and ends up losing contact with the ground because of the disrupton in airflow
wao-ender: also, I'm reading, there was 50 seats blocked for some special cargo on the plane?
mircea_popescu: so how do you figure two 80 meter long objects a mile apart could appear the same one object
mircea_popescu: if they actally thought that they'd have reported the aliens invading o.O
Apocalyptic: anyway satellite pictures should determine that
mircea_popescu: anyway, getting back to the airflow problem : in racing the road keeps the cars up, but in flight planes are kept up by their drag
mircea_popescu: in order for it to generate enough force to keep all those tons in the air it has to have a certain density and flow pattern
mircea_popescu: basically if you try to fly a boeing behind another you'll just fall
mircea_popescu: and you'll probably fall for 100s of feet at a time because of inertia etc.
mircea_popescu: leaving aside how incredibly dangerous it is (engines also need air, may likely stop etc), it's just not possible to smoothy fly that way
assbot: [MPEX] [S.MPOE] 1861 @ 0.00089206 = 1.6601 BTC [+]
wao-ender: I think mh370 flying at different altitude
mircea_popescu: good military radar works in micrometre by now you know
wao-ender: dunno how they made it, but this conspiracy with sia68 is really interesting
Apocalyptic: mircea_popescu, I have no knowledge of a radar indentifying how long an object is or whatever
Apocalyptic: either it reflects the waves or it doesn't
Apocalyptic: I suppose you could achieve that with a special setup with multiple coordinated radars
mircea_popescu: radar is basically video in lower wavelengths, it's not that different.
mircea_popescu: it can see shape and "color" and everything you can see.
chetty: I wonder have radar setups gotten lazy? that is only bothering to look for transponders?
mircea_popescu: including military ? it crossed what, > 100 different sites.
chetty: well then we get to how may military vs civiliand radars along the way
Apocalyptic: pretty sure military radars don't give a fuck about transponders or not
mircea_popescu: yeah, wouldn't make much sense to limit themselves to that.
wao-ender: 'military' hm, how can you know that military doesn't hiding something from public?
assbot: [MPEX] [S.MPOE] 12156 @ 0.00089206 = 10.8439 BTC [+]
Mats_cd03: we'll find out six years from now that they've been dead all along and were never actually on the island
wao-ender: > i don't see how they can make that up from shipping 3-4 tons of mangosteens
wao-ender: > which, to me, suggests there was something either hidden in the mangosteens or the manifest is fraudulent
ozbot: No hazardous cargo, just tonnes of mangosteens on flight MH370, says airline CEO - The Malaysian In
Mats_cd03: i wonder what a crashed airplane with mangosteens in hold would look like
mircea_popescu: plane went down because, "SO DONT FUCKING BUY IT, DONT FUCKING DRINK IT, DONT FUCKING CLICK MY LINKS."
wao-ender: Studies suggest that higher doses of xanthones may depress the central nervous system in animals and cause sedation.
mircea_popescu: this is what the us army has come to be, btw : those blondish dudes in a buzz cut with glasses.
assbot: [MPEX] [S.MPOE] 19500 @ 0.00089457 = 17.4441 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 6615 @ 0.00089689 = 5.9329 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 13450 @ 0.00089142 = 11.9896 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 5 @ 0.05085001 = 0.2543 BTC [-]
assbot: [HAVELOCK] [PETA] 2 @ 0.06899959 = 0.138 BTC [+]
assbot: [HAVELOCK] [B.EXCH] 4 @ 0.11950724 = 0.478 BTC [-]
assbot: [HAVELOCK] [AM100] 35 @ 0.0060241 = 0.2108 BTC [+]
assbot: [HAVELOCK] [CBTC] 1000 @ 0.0001499 = 0.1499 BTC [+]
assbot: [HAVELOCK] [PETA] 2 @ 0.06899937 = 0.138 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 14450 @ 0.00088806 = 12.8325 BTC [-] {2}
assbot: [HAVELOCK] [AM1] 1 @ 0.6053 BTC [-]
bitcoinpete: "In manufacturing, technology eliminates and relocates jobs, but welding robots will never design their own cars. It ain’t gonna happen. In finance, jobs on Wall Street and in The City will be eaten up by Bitcoin, but the invention of the distributed blockchain can’t replace creativity and trust. Kurzweil’s singularity be damned."
ozbot: It’s The People, Not The Protocol, Stupid | When Bitcoin Met Pete
blackwhite: welding robots do not have to design their own cars for cars to be designed automatically
blackwhite: Even circuit boards are designed by "other circuit boards"
assbot: [HAVELOCK] [NEOBEE] 56 @ 0.00345674 = 0.1936 BTC [+] {5}
ozbot: Major Discovery: 'Smoking Gun' for Universe's Incredible Big Bang Expansion Found | Space.com
assbot: [HAVELOCK] [CBTC] 1000 @ 0.0001499 = 0.1499 BTC [+]
hdbuck: analysts at Citi Group told me he got offered to have his sort of pension fund in BTC?! such pokerface those banks. ^^
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00332744 = 0.6655 BTC [-] {7}
assbot: [HAVELOCK] [CBTC] 4000 @ 0.0001499 = 0.5996 BTC [+]
hdbuck: asciilifeform: nothing, just that he confirmed to me that banks have already started to deal with btc behind the curtain
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.0033091 = 0.6618 BTC [-] {5}
assbot: [HAVELOCK] [CBTC] 4800 @ 0.00014998 = 0.7199 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 3750 @ 0.00088745 = 3.3279 BTC [-]
assbot: [MPEX] [S.MPOE] 4652 @ 0.00088801 = 4.131 BTC [+]
assbot: [HAVELOCK] [B.MINE] [PAID] 2.33749062 BTC to 3`951 shares, 59162 satoshi per share
Apocalyptic: "The recent collapse of bitcoin exchange Mr. Gox has caused alarm in the industry about the stability and security of the virtual currency" // they must include that everywhere...
gribble: Bitstamp BTCUSD ticker | Best bid: 623.71, Best ask: 625.58, Bid-ask spread: 1.87000, Last trade: 623.7, 24 hour volume: 6843.50990414, 24 hour low: 619.46, 24 hour high: 635.0, 24 hour vwap: 626.355003951
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Bitstamp. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make (1 more message)
chetty: show me the money / err alarm
gribble: Bitstamp BTCUSD last: 623.7, vol: 6842.45497403 | BTC-E BTCUSD last: 617.0, vol: 3741.72887 | Bitfinex BTCUSD last: 621.61, vol: 4251.82494996 | CampBX BTCUSD last: 635.01, vol: 62.51398694 | BTCChina BTCUSD last: 611.454206, vol: 2820.20400000 | Kraken BTCUSD last: 630.0, vol: 7.87890985 | Bitcoin-Central BTCUSD last: 636.312876, vol: 52.31340017 | Volume-weighted last average: (1 more message)
benkay: "stability and security"
benkay: look, there are no exchanges. there's no exchange rate.
benkay: look, end-users are responsible for their own security. it's not fucking secure.
benkay: davout why does bitcoin-central never get press mentions?
davout: benkay: define 'press mentions'
benkay: what do you take me for?!
mircea_popescu: bitcoinpete that's EXACTLY where the bad news starts for them.
davout: we do get some press, but usually it's paymium that's mentioned
mircea_popescu: they rationalize away "oh but bitcoin will never be smarter than us". sure it won't. then mp comes, and you're beyond fucked.
assbot: [HAVELOCK] [PETA] 6 @ 0.065 = 0.39 BTC [-] {2}
mircea_popescu: asciilifeform> a master machinist eats very well even today. << yes, but he's not in a union is he.
assbot: [HAVELOCK] [CBTC] 2514 @ 0.00015 = 0.3771 BTC [+] {2}
mircea_popescu: "The controversial owner of MPEx is" o look, i r controversial nao.
assbot: [MPEX] [S.MPOE] 21098 @ 0.00088801 = 18.7352 BTC [+]
mircea_popescu: JEFFREY SCOTT OWNBY. Ex BFL VP ?! you gotta be kidding me.
ThickAsThieves: bitcoinx is pretty old, i doubt anyone here runs it too
ThickAsThieves: it lives only cuz it comes up high on google searches for bitcoin mining calc
mircea_popescu: seems to have started jan 2013, then taken a 11 month break to december
ThickAsThieves: ironically i probly used it to determine i should ask for a refund on my BFL
ozbot: bitcoinx.com (bitcoinXnews) on Twitter
assbot: [HAVELOCK] [B.MINE] 6 @ 0.05085001 = 0.3051 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 98 @ 0.00348885 = 0.3419 BTC [-] {3}
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05085 = 0.1526 BTC [-]
assbot: [MPEX] [S.MPOE] 3800 @ 0.00088741 = 3.3722 BTC [-] {2}
ozbot: Ukrainian government refuses to remove troops from Crimea, prepares for war
mircea_popescu: didn't they call a general mobilisation nobody showed ?
assbot: [MPEX] [S.MPOE] 24800 @ 0.00088648 = 21.9847 BTC [-] {3}
LordPutin: but we won crimea fair and square, they even voted to join us
mircea_popescu: someone should make an ipo of a totally insane thing and just keep posting wall of text after wall of text of completely rambling, nonsensically, perhaps machine-generated text whenever someone says something
assbot: [MPEX] [S.MPOE] 300 @ 0.00088801 = 0.2664 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1590 @ 0.00349675 = 5.5598 BTC [+] {8}
artifexd: mircea_popescu Your 1 million atc wall on x-bt.com is gone. Eaten up.
BingoBoingo: Oh, half an hour ago there were still a 300k or so left.
assbot: [MPEX] [S.MPOE] 5900 @ 0.00088748 = 5.2361 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05085 = 0.1017 BTC [-]
assbot: [HAVELOCK] [B.MINE] 10 @ 0.04997799 = 0.4998 BTC [-] {3}
assbot: [HAVELOCK] [B.MINE] 3 @ 0.0491 = 0.1473 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 33 @ 0.00349999 = 0.1155 BTC [+]
assbot: [HAVELOCK] [B.SELL] 3 @ 0.069166 = 0.2075 BTC [+] {3}
ThickAsThieves: wow, i didnt know that the owners of about 130,000 properties are without their title deeds in Cyprus
assbot: [HAVELOCK] [PETA] 2 @ 0.06898999 = 0.138 BTC [+]
ThickAsThieves: is there any argument to say they unit of account of Bitcoin is a bitcoin?
ThickAsThieves: and if so, is satoshi a documented name, or just what people say?
jurov: sometimes mili, micro, nano
Dimsler: microtransactions of that nature aren't possible
assbot: [MPEX] [S.MPOE] 9800 @ 0.00088636 = 8.6863 BTC [-]
ThickAsThieves: merely if someone asks What is the unit of account in Bitcoin?
ThickAsThieves: i prefer a response from someone i think knows what;s up
ozbot: Gym Bro Successfully Gets Fake Feminist Thought Catalog Essay Published
Apocalyptic: artifexd, how do you know it was mircea's ?
jurov: ThickAsThieves: you want like "official" answer or what?
artifexd: There is reference to "satoshi" as the base element in the reference client code. All the code uses satoshi as the amount of accounting.
BingoBoingo: Apocalyptic: It's establishment and purpose were announced
mircea_popescu: ThickAsThieves the satoshi is quite clearly the only unit of account, a "bitcoin" is just a courtesy style.
Dimsler: satoshi is a denomincation
Dimsler: unit of account is bitcoin
mircea_popescu: the satoshi name is not documented, other than through ancient convention
Dimsler: ThickAsThieves, nobody in here knows whats up
Dimsler: actually yes that is backwards
Dimsler: denomiations of bitcoin are just that
Dimsler: satoshi as th elowest denomination
mircea_popescu: inasmuch as bitcoin protocol happily handles half a bitcoin
mircea_popescu: it should be pretty obvious what the unit of account is.
artifexd: If you're asking about the code, then the code keeps track of amounts in satoshi. API's accept amounts in satoshi.
Dimsler: i dont' think its actually named
Dimsler: its not called anything at all
artifexd: It is named in a comment. Variables don't contain the name.
artifexd: At least in the reference client.
mircea_popescu: "Some other questions: 1) how naked would you like the models to be?"
assbot: [HAVELOCK] [NEOBEE] 4000 @ 0.00349999 = 14 BTC [+] {2}
ThickAsThieves: to me it seems that hacking an addy would be even less probable than how this writer has approached it
ThickAsThieves: just lookin for some insight on bitcoin, i'll leave the wars to the media
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00349997 = 0.7 BTC [-] {2}
mircea_popescu: can be reasonably considered "absolutely secure" << depends by whom where for what purpose etc.
mircea_popescu: services to describe at least superficially describe their security policy
mircea_popescu: too much describe, and also who are you to make recommendations to people running services ?
ThickAsThieves: whwn i share who wrote it, you'll understand why i'm questioning it
assbot: [HAVELOCK] [CBTC] 4500 @ 0.00014999 = 0.675 BTC [+] {3}
ThickAsThieves: who is constantly trying to look smart while displaying stupidity?
mircea_popescu: no because that is actually intended as a chump party.
Apocalyptic: "The 19-Year-Old Behind Ethereum, a New Digital Currency, Is Insanely Smart"
mircea_popescu: wasn't ethereum more like a new ripple than a new bitcoin ?
mircea_popescu: heh i guess they covered it by calling it "digital currency"
mircea_popescu: but mastercoin was a new ripple once ripple got its guts ripped out
assbot: [MPEX] [S.MPOE] 7200 @ 0.00088636 = 6.3818 BTC [-]
ThickAsThieves: but ripple never asked you to relinquish your bitcoins to use it
gribble: Nick 'bitcoinpete', with hostmask 'bitcoinpete!~bitcoinpe@S01060016cbc6cced.ed.shawcable.net', is not identified.
bitcoinpete: ;;verify freenode:#bitcoin-otc:da8bab51c90fb8c7142143eaa83df8ade8e8e0aa699576b2863f7245
gribble: Error: 'freenode:#bitcoin-otc:da8bab51c90fb8c7142143eaa83df8ade8e8e0aa699576b2863f7245' is not a valid
http url.
benkay: if you want to avoid flailing around in public, you can get down with gribble via pm, bitcoinpete
bitcoinpete: ;;everify freenode:#bitcoin-otc:da8bab51c90fb8c7142143eaa83df8ade8e8e0aa699576b2863f7245
gribble: You are now authenticated for user bitcoinpete with key 165749929F9A6BDD
benkay: sheesh bitcoinpete stop burning my electrons
bitcoinpete: benkay: I coulda sworn I went through that rigamarole once before… hopefully this is the last public flailing
benkay: ;;everify freenode:#bitcoin-otc:a38d09183a201e377da24b96a6e0747f0e7fc58b5b0a0f8f24ab10bd
gribble: You are now authenticated for user benkay with key 39F274AFBC7ACAC7
benkay: worth doing once a day.
benkay: sometimes in public, sometimes in private.
assbot: [HAVELOCK] [B.MINE] 12 @ 0.05108899 = 0.6131 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 16800 @ 0.00089112 = 14.9708 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 17400 @ 0.00088636 = 15.4227 BTC [-]
hdbuck: what's with MP's statement on twitter saying there is no such thing as Bitcoin core devs?! *mind blown 2*
benkay: nobody uses anything post 0.6
benkay: everyone calling themselves a core dev has hacked on the cpp hairball that turned into 0.7 and then 0.8
mircea_popescu: well for further mind blown, consider there's no bitcoin jesus, either o.O
hdbuck: mircea_popescu: gosh was convinced it was you ^^
lopp: only the really nerdy / early bitcoiners from my experience bother running full nodes
bitcoinyeezus: well then who can know what the whelmingness of that thinger implies abouty reality anyways?
midnightmagic twitches uncontrollably at mention of "bitcoin jesus" down in the Caribbean complaining about how slow it is to open a bank account as a recent import from the US
midnightmagic: apparently two days to wait to renounce US citizenship was too much for him, cause "they're after me." wtf.
artifexd: loop: At the bottom of that page " Bitnodes uses Bitcoin protocol version 70001 (i.e. >= /Satoshi:0.7.x/), so nodes with older protocol version will be skipped."
bitcoinyeezus: (just 'cause it has Satoshi in the client string doesn't mean shit about the authors)
lopp: right, it's relatively underwhelming because it used to report > 100,000 nodes
lopp: as yeezus noted, we don't really know enough to say whether or not these numbers should be underwhelming. I'm of the opinion that we don't have enough insight into the load that the nodes are bearing.
bitcoinyeezus: mircea_popescu only knows that by volume owned statistic because he's actually the owner of the 'satoshi hoard'.
lopp: that is, how much more volume of requests could the average node be handling before it is straining its computational / bandwidth resources
midnightmagic: there is virtually no load. i run an experimental node that deals with a few dozen transactions a day on an eeepc 701 just for fun.
mircea_popescu: it's more in terms of security, due to various graph splitting attacks that coudl conceivably be deployed
lopp: gotcha - I keep hearing that it's trivial but I guess I'd prefer to see actual numbers regarding, say, how many SPV client requests the average node is handling / how many historical block and tx lookups it's handling, how many invalid txs it's deciding not to relay, etc
bitcoinyeezus: lopp: sit down and figure it out. write it up, post it somewhere. contribute to bitcoin nollij.
lopp: that's the direction I seem to be headed :-)
midnightmagic: a bunch of us are trying to connect via non-internet connections to at least measure any attempt at chosen-cut/isolation attacks.
bitcoinyeezus: have you heard of such attacks happening, midnightmagic?
midnightmagic: bitcoinyeezus: I have heard of them. I have never personally witnessed one happening.
midnightmagic: ^^ probably running more-connected nodes than I am.
mircea_popescu: the theoretical possibility still exists, in a variety of very difficult to model variants
mircea_popescu: this'd eminently be one of those asciilifeform "parachute first pls" cases
assbot: [HAVELOCK] [PETA] 7 @ 0.06898999 = 0.4829 BTC [+] {2}
midnightmagic: There is a really neat paper that asserts that if you know "enough" about the edges of a connected graph network and measure the messages, you can map most messages sources.
midnightmagic: where "enough" is smaller than I ever expected it to be
midnightmagic: mircea_popescu: No I'm trying to find the link now, it's a really weird little paper that nobody I mention it to has heard of.
midnightmagic: asciilifeform: local meshnet, POTS, satellite, moon, and ham frequencies.
ozbot: As Female GitHub Coder Claims Harassment, Silicon Valley Stands At Crossroads | Wired Business | Wir
assbot: [HAVELOCK] [CBTC] 1921 @ 0.00015 = 0.2882 BTC [+]
mircea_popescu: silicon valley stands at a crossroad indeed. one way, despair and utter hopelessness
benkay: what happened to manners?
mircea_popescu: "A software engineer named Julie Ann Horvath sent shock waves across Silicon Valley over the weekend" = "nobody gave a shit, so we'll just keep yakking about it"
ozbot: Hey, stupid women ? We need to talk. Smart women don’t want to be with you anymore. pe Trilema - U
mircea_popescu: and to be told that she's important, and valuable, and remarkable and all the rest of the shit women her age want
mircea_popescu: except since she's incapable of fidning a boyfriend, she would like obamacare to pay for it.
mircea_popescu: and obamacare does pay for it, because what else is govbernment for
mircea_popescu: notice how nowhere is it mentioned what the fuck the woman actually did at any point.
mircea_popescu: an entire generation of these, ballas spent some time discussing the zuckerberg woman
mircea_popescu: they're not as much professionally sad as professionally useless
mircea_popescu: i wish some of those "business leaders" or w/e they are actually came forward to plainly state that they don't care, they'll never care, and the peons can get back to the mine.
mircea_popescu: obviously this isn't liable to happen in any venue that's doomed.
mircea_popescu: which is how i conclude silicon valley ain't got much more life left in it.
mircea_popescu: asciilifeform hoiw's she loaded ? she just has rich friends.
mircea_popescu: her constant welfare is dependant strictly on those folks continuing to like her.
assbot: [MPEX] [S.MPOE] 2200 @ 0.00088898 = 1.9558 BTC [+]
assbot: [MPEX] [S.MPOE] 8450 @ 0.00089119 = 7.5306 BTC [+]
assbot: [HAVELOCK] [CBTC] 800 @ 0.00015997 = 0.128 BTC [+] {3}
ozbot: Neighbourhood Pool Watch: 18.1 Who owns 1HTM4TYSXF5yZKLpco6MTUUNfSBCiiwGsU ?
mircea_popescu: "Every post from MPOE-PR I read gives me physical pain"
mircea_popescu: i was thinking more along the lines of, hey dear pentagon, if you're looking to start a research project into how to give people physical pain over the wire... i got the only documented case of this happening working for me.
mircea_popescu: probably they're mostly incensed because she knows too many words.
assbot: [HAVELOCK] [PETA] 3 @ 0.06898999 = 0.207 BTC [+]
mircea_popescu: "women in tech", but only for just as long as a) they're stupid and b) they don't ever do anything let alone make calls.
☟︎ assbot: [HAVELOCK] [PETA] 142 @ 0.06898999 = 9.7966 BTC [+]
assbot: [HAVELOCK] [B.SELL] 4 @ 0.06800005 = 0.272 BTC [+] {3}
assbot: [HAVELOCK] [B.MINE] 4 @ 0.0506 = 0.2024 BTC [-]
midnightmagic: "Identifying Infection Sources and Regions in Large Networks"
assbot: [HAVELOCK] [B.SELL] 4 @ 0.06962498 = 0.2785 BTC [+] {4}
assbot: [MPEX] [S.MPOE] 7200 @ 0.00088743 = 6.3895 BTC [-]
assbot: [HAVELOCK] [CBTC] 2571 @ 0.000149 = 0.3831 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 4600 @ 0.00088972 = 4.0927 BTC [+]
assbot: [MPEX] [S.MPOE] 5400 @ 0.00088972 = 4.8045 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1000 @ 0.00349999 = 3.5 BTC [+] {3}
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.0035 = 0.7 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 45 @ 0.0035 = 0.1575 BTC [+]
ThickAsThieves: Please note that an updated link to a PDF version will be posted at lmb-holdings.com soon.
ThickAsThieves: Also, additional updated information will be provided later this week.
benkay: i think you mean in two weeks
assbot: [HAVELOCK] [CFIG] 15 @ 0.08012265 = 1.2018 BTC [-] {7}
assbot: [HAVELOCK] [NEOBEE] 181 @ 0.0035 = 0.6335 BTC [+]
assbot: [HAVELOCK] [CBTC] 2000 @ 0.00014896 = 0.2979 BTC [-] {5}
benkay: okay i have found a use for the alts
benkay: from the local bitcoin room: "omg i broke my doge-wallet"
benkay: "good thing it's just doge, and not bit."
benkay: "ya i guess you're right el oh el oh el"
benkay: one would, would one not?
benkay: alert readers these are not, tho.
assbot: [MPEX] [S.MPOE] 21721 @ 0.00088632 = 19.2518 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 5 @ 0.06620002 = 0.331 BTC [-]
assbot: [HAVELOCK] [PETA] 9 @ 0.0662 = 0.5958 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 6 @ 0.0662 = 0.3972 BTC [-]
assbot: [HAVELOCK] [PETA] 4 @ 0.0662 = 0.2648 BTC [-]
assbot: [HAVELOCK] [B.MINE] 32 @ 0.05108899 = 1.6348 BTC [+]
assbot: [HAVELOCK] [SFI] 314 @ 0.00085529 = 0.2686 BTC [-] {4}
assbot: [HAVELOCK] [SFI] 600 @ 0.00084356 = 0.5061 BTC [-] {6}
assbot: [HAVELOCK] [NEOBEE] 220 @ 0.0035 = 0.77 BTC [+]
assbot: [HAVELOCK] [PETA] 5 @ 0.06440003 = 0.322 BTC [-]
assbot: [HAVELOCK] [SFI] 174 @ 0.00083764 = 0.1457 BTC [-] {4}
assbot: [HAVELOCK] [B.MINE] 7 @ 0.0510727 = 0.3575 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 53 @ 0.0035 = 0.1855 BTC [+] {2}
assbot: [HAVELOCK] [PETA] 20 @ 0.0644 = 1.288 BTC [-] {5}
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0035 = 0.35 BTC [+]
assbot: [HAVELOCK] [PETA] 10 @ 0.064388 = 0.6439 BTC [-] {3}
assbot: [HAVELOCK] [AM100] 200 @ 0.00596155 = 1.1923 BTC [-] {6}
assbot: [MPEX] [S.MPOE] 5650 @ 0.00088721 = 5.0127 BTC [+]
ozbot: FiveThirtyEight | FiveThirtyEight’s NCAA Tournament Predictions
mircea_popescu: if nate silver, whoever he is, gets some sctatch together
ThickAsThieves: "We may have gone from conceiving of government as an entity that builds roads, dams and airports, provides shared services like schooling, policing and national parks, and wages wars, into the world’s largest insurance broker."
assbot: [MPEX] [S.MPOE] 16119 @ 0.00088732 = 14.3027 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 35 @ 0.0035 = 0.1225 BTC [+]
assbot: [HAVELOCK] [PETA] 2 @ 0.06898998 = 0.138 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 223 @ 0.0035 = 0.7805 BTC [+]
assbot: [HAVELOCK] [CBTC] 15000 @ 0.00015998 = 2.3997 BTC [+] {7}
assbot: [HAVELOCK] [COG] 5 @ 0.03988054 = 0.1994 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 25 @ 0.60512519 = 15.1281 BTC [-] {7}
assbot: [MPEX] [S.MPOE] 10700 @ 0.00088773 = 9.4987 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.0035 = 0.7 BTC [+]
mircea_popescu: soo, BingoBoingo bitcoinpete jborkl and generally ppl doing blogs : ima be doing a little bit of sec wikileaking in a few hours.
mircea_popescu: it;s going to consist of raw material, you can comment whichever way so get your pencils ready.
assbot: [MPEX] [S.MPOE] 13617 @ 0.00088857 = 12.0997 BTC [+] {2}
Mats_cd03: nate silver is well known as a statistician
assbot: [MPEX] [S.MPOE] 47235 @ 0.00089226 = 42.1459 BTC [+] {4}
steven-__: he used to post on 2+2 and had a blog raitng the best burritos in his city
assbot: [HAVELOCK] [SFI] 200 @ 0.00088997 = 0.178 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0035 = 0.175 BTC [+]
ozbot: The Burrito Bracket
assbot: [HAVELOCK] [NEOBEE] 354 @ 0.0035 = 1.239 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1000 @ 0.0035 = 3.5 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0035 = 0.35 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 428 @ 0.0035 = 1.498 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 120 @ 0.0035 = 0.42 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 4133 @ 0.00088971 = 3.6772 BTC [-]
assbot: [HAVELOCK] [PETA] 4 @ 0.06898992 = 0.276 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 78 @ 0.00349999 = 0.273 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 761 @ 0.00349999 = 2.6635 BTC [-] {5}
assbot: [HAVELOCK] [NEOBEE] 102 @ 0.0035 = 0.357 BTC [+]
benkay: mircea_popescu: released on trilema?
mircea_popescu: steven-__ that's like rather old #suckstobeleah posturing neh ?
steven-__: I think she said this recently in an effort to stay relevant
assbot: [MPEX] [S.MPOE] 9659 @ 0.00088736 = 8.571 BTC [-]
mircea_popescu: may be just "what is done" according to the chinese corp in question
assbot: [HAVELOCK] [NEOBEE] 48 @ 0.00354687 = 0.1702 BTC [+]
mircea_popescu: so what'd ion migration do ? show whether the user likes vi or emacs ?
bitcoinpete: also, was this sarcastic or serious? 01:47:56mircea_popescu:"Being quiet and studious is broadly unknown in a western culture that prizes views, likes and the inane extraversion required to generate them." no see, that's attacking people's self esteem.
dexX7: he's never sarcastic and i'm serious
dexX7: tricky now, eh? ;)
ozbot: Reposessing web hosting accounts with Photoshop
dignork: mircea_popescu, so the only problem he found is that you;re not supposed to smile on photo-id, lol
mircea_popescu: i wonder how many of the internet haxxors ever had a passport made in the first place.
mircea_popescu: i mean for one thing you can't even get one till you're 18 in many places
dignork: mircea_popescu, but googling for "us passport sample" gives plenty of much more beleivable exmaples
artifexd: My daughter had a passport before she as a month old.
mircea_popescu: what are you trying to do over here, give people sprains ?
artifexd: She won't, but mom and I will.
artifexd: Anyway, the point was that in the US, pre-18yo passports are common.
assbot: [MPEX] [S.MPOE] 15650 @ 0.00088558 = 13.8593 BTC [-] {3}
mircea_popescu: i thought that was a major issue in the us because of kidnapping concerns
mircea_popescu: (ie, married couple has falling out, either one of them takes kids to mexico)
mircea_popescu: asciilifeform when i crossed there it was like... lolk.
artifexd: I can state with certainty that Ecuador has rules requiring notrized documentation from the not-present parent for taking a child out of the country. The US doesn't.
artifexd: My wife has taken our daughter to Ecuador a couple times and no one asked me a damned thing.
assbot: [HAVELOCK] [NEOBEE] 97 @ 0.00354687 = 0.344 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 28 @ 0.00357998 = 0.1002 BTC [+]
ughlol: mircea_popescu: found out you're a billionaire.. sorry to have spoken rudely the other day
ughlol: i mean, i dont want you hiring a hitman with btc to take me out right? :P
ughlol: mircea_popescu: now, getting straight to the point, do you invest? =P
ughlol: mircea_popescu: mind a pm?
mircea_popescu: yeah, you're prolly better off talking in public anyway.
Dimsler: it doesn't count if they are you minions
ninjashogun: guys, I'm watching htis channel as actually in talking with ughlol I'm the one who mentioned mirceau as being high-net-worth. he's from India and has access to a much poorer network of investors than some western countries
ninjashogun: I was talking about how many billionaires/millionaires I know as an American (just 1-2 of the former even if we include mirceau) :)
jurov: ughlol have you read recent trilema stuff?
ninjashogun: I'd like to introduce ughlol based on my conversations with him.
assbot: [HAVELOCK] [AM100] 145 @ 0.00613706 = 0.8899 BTC [+] {8}
jurov: iirc there were some pieces about you both
ughlol: jurov: not really, no..
ninjashogun: ughlol is working on an extremely interesting social network for real spaces, based on shared interests - for exmaple, at a bar if someone is into the exact same bands as you, then you could both be notified.
ninjashogun: so it would work (my words) as an "introduction service" that - if two people both opt in - introduce each other.
jurov: wasn't that the rape stuff?
ninjashogun: That is a feature he is interested in adding, has nothing to do with the social network.
ughlol: jurov: The rape intervention is a part of a much bigger app.
ninjashogun: Another example I can think of is let's say two people are both open source developres. If they put that, then they'd be notified if they're at the same bar - very cool.
jurov: oh okay. just go read trilema then.
ninjashogun: Due to its double-opt-in nature, it is especially good as a dating solution.
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00358 = 0.358 BTC [+]
ninjashogun: He is also an engineering student in India, and as such he has access to a very good source of labor.
ninjashogun: On the downside, he has no access to a venture capital ecosystem.
ninjashogun: In addition I've seen some of his skills in pentesting and security, and think he is the real deal in terms of what he can program. Here is his site, where you can see his photo and full name as well:
jurov: i don'thave a vulture capital access, too and i'm fine
assbot: [HAVELOCK] [NEOBEE] 500 @ 0.00358 = 1.79 BTC [+]
ughlol: jurov: I think you can understand that it is difficult (not impossible, but difficult) to create something from nothing.
jurov: ughlol, such as... bitcoins?
ughlol: mircea_popescu: Interesting indeed, but ofc, I am looking for investment.. You can call yourself a venture capitalist, investor, angel investor or whatever you like :)
ughlol: jurov: not bitcoins, but a mobile app
ughlol: a social networking app that is meant only for mobile devices
BingoBoingo: Wait, isn't this just what Tinder and Grindr do?
ughlol: since the social networking scene is shifting off computers and onto mobile devices.
ninjashogun: and you can see his face, name, and profile there
jurov: grindr doesn't do rape afaik
ughlol: BingoBoingo: Tinder was active since 2012, and they dont have much..
ninjashogun: BingoBoingo, I would forget about that portion. It's very germane in India where it is a big problem. If he were from Detroit he would put in bullet tracking information based on echolocation - how far away is that shooting? :)
ughlol: I want to create a social network that completely revolves around location services
ughlol: ThickAsThieves: can I at least discuss the idea?
jurov: you don't discuss, you just pew out nonsense
ughlol: There might be people interested in investing in such an idea.
BingoBoingo: ninjashogun: What ever happened to your Dogecoin investor?
gribble: ┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew!* *pew!* *pew!*
jurov: ughlol the people considered it, wrote blog about it and rejected it
jurov: and you dn't even want to read it
ughlol: jurov: I would love to read, can you give me a link?
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00358 = 0.358 BTC [+]
jurov: yes, on rilema.com some of the top right
assbot: [HAVELOCK] [NEOBEE] 44 @ 0.00358 = 0.1575 BTC [+]
ozbot: “You cannot fix a machine by just power-cycling it with no understanding of what is going wrong.â€
ninjashogun: I'd like you to read through it and apologize. no way would I fabricate this, with timestamps, just for some 'scam'. I also don't know him personally.
assbot: [HAVELOCK] [NEOBEE] 555 @ 0.0036 = 1.998 BTC [+]
ninjashogun: Well given that you have just taken it upon yourself to accuse me of being a scammer with ughlol it's up to you to take about 35 seconds to scroll through that and determine that, in fact, I have just met him, and you're a fucking troll who should either stop trolling and apologize or (obviously) eat shit or die
ninjashogun: So it's really all the same to me, but I would prefer if you'd do the noble, proper thing and take a few seconds to do that.
Dimsler: the trolls that this channel attracts
ninjashogun: No, of course you can sit around trying to slander and destroy people's reputations. Thanks for doing the right thing and taking 15 seconds to admit you're wrong though.
Dimsler: man nobody is giving you a penny in here
nubbins`: ninjashogun are you in here with your ideas again?
ughlol: Im sorry you feel that way.
jurov tries to think of suitable slanderous soul memepic
ThickAsThieves: now i'm putting you both on ignore for when you come back in a few weeks with your hands out for some other bullshit
benkay: ninjashogun: you ain't introducing shit we already ran him out of here.
ninjashogun: There's just one part of the scrollback that is funny - and that shows he's still a student :)
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05108999 = 0.1022 BTC [+]
jurov: Dimsler use teh log.. and there was moar yest
ughlol: nothing wrong in wanting to be a billionaire! :P
ninjashogun: i wanna be a billionaire - and a programming job can't even make me a millionaire - id have to struggle hard just to make ends meet
assbot: [HAVELOCK] [B.SELL] 15 @ 0.0655 = 0.9825 BTC [-] {6}
ninjashogun: But he could have the same attitude if he were in San Francisco.
ughlol: Why is everybody trolling?
ughlol: mircea_popescu: Now you understand why I wanted to pm?
ninjashogun: ughlol - it's the nature of htis channel, I told you
ninjashogun: ughlol, mirceau is not going to invest in you, unless oyu had a ton of traction
ninjashogun: you would need to have a lot of different users already.
benkay: dude ninjashogun if you say traction around mp he'll probably just kill you and feed you to the harpies
assbot: [HAVELOCK] [B.SELL] 16 @ 0.065 = 1.04 BTC [-]
assbot: [HAVELOCK] [B.MINE] 2 @ 0.0516 = 0.1032 BTC [+]
benkay: social media does not fly here.
jurov: rape whistle billionaires either
dub: we're forgetting how important young people are
Dimsler: scammers trying to scam the scammer
ughlol: Dimsler: :) You're so full of yourself. Give me your name, and I'll destroy your rep. Only if you have the courage.
ughlol: And now Im done sugar-coating shit
ughlol: just to appease you, the filthy rich
Dimsler: should i write out for you?
ughlol: Dimsler: just your real name bro.
ughlol: I bet you dont have the guts either way.
nubbins`: why you puffin' up your chest bro?
ughlol: nubbins`: because I think I have an idea that works.
dub: ;;google greater internet fuckwad
ughlol: And just because you're trolls doesn't mean you can talk shit about it! :)
Dimsler: if you did why would you be in here
ughlol: Dimsler: that is your opinion.
nubbins`: ughlol: that's lovely, an idea! congrats :D
ughlol: Dimsler: to try to gather investment ofc.
nubbins`: most people don't get that far
BingoBoingo: ughlol: Have you tried #dogecoin ninjashogun Seemed to find interest there before
ughlol: no BingoBoingo.. I haven't..
Dimsler: lol why are you people entertaining him?
BingoBoingo: ughlol: In #dogecoin you may even find people who want to try your social thing
Dimsler: ughlol, where from nigeria are you from?
dub: why didnt you say so? where to I sign
ughlol: Dimsler: Its funny you ask. Because there were repeated statements saying Im Indian. You must be illitereate.
dub: india and nigera are basically the same place
ughlol: to try and find investment for a business.
ughlol: dub: and you failed in geography.
ozbot: Interacting with fiat institution, a guide pe Trilema - Un blog de Mircea Popescu.
steven-__: are you saying in this log you have never used source control only heard about it?
ughlol: Dimsler: You are not interested.
steven-__: Mar 17 22:52:09 <ninjashogun> how do you do source control?
steven-__: Mar 17 22:52:22 <ughlol> though i've never used it for any of my projects
ughlol: I wanted to speak to mircea_popescu .
ughlol: If he says he's not interested, I'll leave immediately.
benkay: holy shit mircea_popescu!
Dimsler: mircea_popescu, tell the troll to leave
jurov: ughlol, you want to talk to him even after what he write on his blog?
ughlol: I feel theres nothing wrong in that.
ughlol: If he asks me to leave, I'll gtfo.
ughlol: Im not even asking for money.
ughlol: Im asking you to listen.
ughlol: and think without bias.
mircea_popescu: so now that everyone else can be busy, ughlol what was it you wanted to discuss ?
ughlol: mircea_popescu: let me know if you have 10minutes to spare.. after that, I'll not bother you.
ughlol: But on pm, if you dont mind.
jurov: what if he rapes you?
ughlol: I know im practically nothing, and probably don't even deserve talking to someone like you.
ughlol: But I admire billionaires.
Dimsler: ughlol, why? hes just a scammer like you are
ughlol: Thats my dream, which I might never reach.
Dimsler: you might even learn somethin from him
mircea_popescu: it's not practical to discuss things with me privately. we have no basis for that, and whatever you say is perhaps useful for others, later.
ughlol: Dimsler: Yes, I am sure I can learn something from him. Hence I want to talk.
BingoBoingo: "Asking them to pick up your daughter and throw her over a cliff however is an illegal request."
jurov: Dimsler she learned nothing so far
jurov: 10 mins wont change that
ughlol: mircea_popescu: I wont ask you about investment. Just want to learn and understand your opinion. I read your blog article, and what you say makes a lot of sense. Thats why.
ughlol: Otherwise all your friends - Dimsler, jurov, etc will keep interrupting with their comments.
mircea_popescu: i'm currently donating my time discussing things with people who otherwise would never get to talk to me, because i believe in some things.
mircea_popescu: you can't try to leverage that into something that otherwise costs a whole lot of money.
ughlol: Im only asking 10mins on a private chat.
ThickAsThieves: very interested to see how they proceed, assuming you'll share
ThickAsThieves: also interested to see how they proceed, knowing you are sharing
mircea_popescu: ThickAsThieves i dun imagine there's any proceeding to be had.
ughlol: mircea_popescu: Can you spare 10mins on pm, or you want me to gtfo like everybody else wants?
mircea_popescu: very cheeky attitude, "here's the extrusion process we expect everything to go through, we'll just keep repeating it"
Dimsler: mircea_popescu, which post are they talking about
ughlol: mircea_popescu: yes, a little bit.
ninjashogun: ughlol - you should not try so hard for a PM now
mircea_popescu: aha. so, take your time, ask whatever it is you need to ask.
ninjashogun: ughlol - access to mirceau (I just read the most recent few lines, haven't been reading scrollback) is, as he correctly states, a VERY good opportunity
ninjashogun: you should use it for when you have shipped, have a good idea, paying users, and good traction.
ughlol: mircea_popescu: simple question, if i create a prototype for the app that i want to build, would you even consider investing in it?
mircea_popescu: you don't have the position to promote that particular thing. you need a different idea.
BingoBoingo: mircea_popescu: Is the timestamp on that last email correct?
ughlol: mircea_popescu: a different idea how?
ughlol: You want me to completely change the idea?
ughlol: Or modify it a little bit?
assbot: [MPEX] [S.MPOE] 40450 @ 0.00088766 = 35.9058 BTC [+] {3}
mircea_popescu: BingoBoingo no it is not. fixed now and ima check the whole stack.,
BingoBoingo: mircea_popescu: Thanks. WOnder how long it will take for the SEC position to align with the reality of MPEx as SRO
ninjashogun: mircea_popescu, I saw your article on ughlol and think it completely misrepresents ughlol's idea and is extremely unfair. As long as it includes no identifying information, it's a simple troll and abuse of your power - which is fine. It will disappear off the Internet and nobody will read it again. However it is in no way accurate based on my conversation with him.
ninjashogun: Based on my impression, the same thing could have been said about Twitter or Facebook.
assbot: [HAVELOCK] [RENT] 20 @ 0.0056864 = 0.1137 BTC [-] {2}
ninjashogun: Facebook could be called: "A myspace based on a radical idea. You can ONLY register if you have a .edu account! They have literally just blown myspace out of the water by getting AT MOST 0.5% as many users, because at most 0.5% - one in one two hundred - people in the world uses an active .edu account."
ninjashogun: "Why limit yourself to 6 billion people when you can limit yourself to FIFTY MILLION?"
BingoBoingo: ninjashogun: Based on reading the public conversation in this channel it seems the Rape WHistle app came first and today's social network idea is new.
mircea_popescu: ninjashogun i think you perhaps misjudge the quantity of luck involved in facebook becoming facebook.
ninjashogun: It was what was on his mind at the time. What you're missing is that it was on his mind due to a pain point (read news about India).
ninjashogun: mircea_popescu, yes, this is the big defense of trolls. That if it does succeed it's luck, if it fails then obviously it's because it was a dumb idea just as shown by the trolls.
ninjashogun: Dimsler, did you catch the fact that I posted my whole convo (where I first met him) with ughlol?
BingoBoingo: ninjashogun: The fact of the matter is that you can not recharacterize old text as a misrepresentation of a bunch of new text, yet to be released
Dimsler: ninjashogun, can you and ughlol panhandle elsewhere?
ninjashogun: I also consider it a terrible suggestion to ask for funding here, so on that I'm agreed.
mircea_popescu: ThickAsThieves didn't even ask and ended up with "his" altcoin financed lol
ughlol: I was very impressed with mircea_popescu's suggestions last time.. thought I would give it a shot.
ninjashogun: However, we do need to keep a few things in mind. Did you know that VC's (private VC's, managing Limited Partners' cash) get a little bit short of the NASDAQ in returns over the 10-year period of their funds?
ninjashogun: The net result (the 2 and 20 basis) of VC's working 60-100 hours a week on investment opportunities, proprietary dealflow, networking, term sheets, introductions, everything.... is a return just shy of passive over the counter index investment.
assbot: [MPEX] [S.MPOE] 13100 @ 0.00088768 = 11.6286 BTC [+] {2}
benkay: ninjashogun: so why would anyone play a retarded game like that?
ninjashogun: benkay because (I heard this from a guy named rmah, active on #startups) because VC's are WAY better salesmen than you or I will ever be.
ninjashogun: they sell their funds to their LP's (limited partners)
ninjashogun: that's why those people play those "retarded games".
benkay: so you want to run the same scam here?
ninjashogun: But when Mark Zuckerberg was at Harvard and scamming some guy with a map site out of $2000 that he used to partly build Facebook....
ninjashogun: and I also think that ughlol is wrong to do so.
ninjashogun: benkay - the lottery argument is that it's a net loss. But the whole of the PE (private equity) market is a net gain (for all participants). It's an inflating pie.
ughlol: I wanted to interact with mircea_popescu ..
ninjashogun: When you buy a lottery ticket you get less than a dollar on each dollar you spend. (on average). But investments aren't the same.
ninjashogun: ughlol, you can interact with him here. But I woudn't solicit funding at this stage.
benkay: kakobrekla: i think tiberius is back
ughlol: mircea_popescu: you didn't tell me, you said I need to change the idea. Completely? In what way?
mircea_popescu: ughlol do you understand the concept of "rent seeking" ?
ughlol: mircea_popescu: quite honestly, no..
mircea_popescu: yes, well, basically economic activity can be divided in entrepreneurial (which expands the pie) and rent seeking (which redistributes the pie)
ninjashogun: benkay- here's a way to think about the 'lottery argument'. Do you think it would be a net gain or a net loss for the economy if we took IBM's market cap -- $192.19B -- converted it to cash, and then funded about $200k into a graduate student's new "company" (about the money Google was funded with).
mircea_popescu: your idea is principally of the second type, and as such it requires the usual trappings of rent seeking (ie, power).
ninjashogun: And we did that with not just one graduate student (or pair), but we did it with 10,000 of them - all over the world. Per year. For 100 years.
ughlol: mircea_popescu: I agree.. yes.
ninjashogun: After you do that for 100 years, do you think you produce MORE or LESS net value for the economy than IBM's current value?
mircea_popescu: ninjashogun you have your answer ready : vcs do exactly that, and they lag the indexes.
benkay: probably less. most grad students are brainwashed rule-followers.
ninjashogun: every year 10,000 founders per year seed funded with $200K... for 100 years.
ughlol: mircea_popescu: So I would need to create an economic activity that expands the pie
ninjashogun: mirceau_popescu- not really. VC's make VERY few seed-stage investments. mostly series A.
ughlol: Is that what you're trying to tell me?
mircea_popescu: ninjashogun giving money to people for the reason that they're people never ends well.
ninjashogun: but my point is that out of those 10,000 companies per year, most years would have SEVERAL that become billion-dollar companies.
BingoBoingo: benkay: Don't forget the part where generally grad students are physically, emotionally, and morally broken... Or Aspies
mircea_popescu: africa is chiefly a shithole today because the west has been dilligently observing a progreamme of giving them "free" shit.
ninjashogun: Hell, YCombinator funds just 43 startups per year, also has seed funding of only $150K, and has already produced two billion-dollar companies (dropbox and airbnb)
ughlol: mircea_popescu: do you have any suggestions on how I may modify the idea to expand the pie instead of redistribute it?
ninjashogun: and that's with just 43 startups per year.
mircea_popescu: ughlol notrly. you're not known well enough for me to do anything like that.
Dimsler: you can blame terrorist mandela
ninjashogun: BingoBoingo, but they're often aspies who develop importnat proprietary technology.
Dimsler: for the ongoings in africa
benkay: ninjashogun: the notion that ughlol is founder material falls on its face when he dances like a monkey in here asking "how ams i even make money guys?"
mircea_popescu: stick around, learn, make sense, over time you may become useful.
benkay: but yeah, learning, working, delivering.
ughlol: mircea_popescu: done. Will do :)
ughlol: and benkay :P that was funny. lol.
benkay: glad you have a sense of humor
benkay: if only ninjashogun were educable
ninjashogun: benkay - as I probably mentioned, ughlol is not "founder material", today, in several senses. He is in India, with a very poor VC network, he is currently a university student who has never run a business, and he does not have a personal network that makes him investable. I don't necessarily suggest investing in him today.
benkay: he might learn a thing or two from you
ughlol: he was just standing up for me benkay.. :)
benkay: hey guys i'm going to copy whatsapp
ughlol slaps benkay with a stinky trout
benkay: it's going to be worth 20B 'cause facebook bought the other one for a lot of money
ughlol: do i really sound like that?
BingoBoingo: benkay: WhatSnatch, the all vag chat network
benkay: ur all gonna miss out on this one
ninjashogun: ughlol, however notice how many of those questoins are addressed if you juts create a business (with no funding) and start getitng users? Then you are already in some sense an experienced (if first-time)founder, as well as having a real track record of shipping code (sometihng benkay was asking about.)
ughlol: ninjashogun: I agree. I will get to that immediately. :)
ughlol: at least then, Dimsler might think im not just some random scammer
ughlol: they insult, bit at least I can learn something
ninjashogun: ughlol it doesn't matter what Dimsler thinks or (more likely) says
ughlol: I love you too Dimsler
ninjashogun: you can mostly learn to keep things confidential
assbot: [HAVELOCK] [NEOBEE] 52 @ 0.0036 = 0.1872 BTC [+]
ninjashogun: For example, notice if instead of your actual idea you had said, you have an idea for a local app based on a new way of connecting people. Then they can't object. They would sound like idiots, because there is no way that EVERY possible local app is a bad idea.
ninjashogun: they don't really have enough information - never give them enough information to act like an idiot.
ughlol: you just have to argue huh?
ninjashogun: now you sound like you're kididng, mirceau :)
ughlol: thats what I like about rich people
ughlol: they just dont give a fuck! :D
assbot: [HAVELOCK] [NEOBEE] 183 @ 0.0036 = 0.6588 BTC [+] {2}
mircea_popescu: anyway : there isn't a magical word manipulation thing that makes businesses.
ughlol: mircea_popescu: maybe youre a mix of both?
only_: mircea not even alcohol?
ninjashogun: ughlol, above where you agreed that you should just build it (by yourself, no funding). with a web app it should be possible. thousands of people have done that.
ninjashogun: for example (this is laugh-worthy) I have just used vagrant to get a PHP server up. I've never used PHP (used Python a bit, as well as C++ and Perl).
ughlol: Yes, I'll work hard towards developing a prototype and getting users.
ninjashogun: to get from where I am today to an MVP will probably take me a month.
ughlol: maybe then mircea_popescu would be interested! :)
ninjashogun: however as I mentioned to you there are a TON of sources of interest to you once you have users.
ughlol: maybe other investors?
mircea_popescu: ninjashogun a dubious proposition. look at the recent business insider refinance,
ninjashogun: just a few include: angellist, kickstarter and indiegogo, sell gold or points, b2b deals or referral fees, there is even crypto stock if you want to raise online funds.
ughlol: and mircea_popescu, thanks for pointing out that rent-seeking thing.. I think I understand what you mean. :) I'll work on changing the idea and creating a prototype! <3
ughlol: ah well, need to go now guys
ninjashogun: what do you mean on - business insider refinance?
ughlol: will visit here more often! :D You guys are stuck up, but real fun! :D
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ughlol: I look real old dont I :/
only: much love ughlol, don't give up the good fight
ughlol: mircea_popescu: <3 ^_^
ninjashogun: just remember not to say enough to make your startup more specific than a category, then you can never receive a "no" and will interest people who can work on it or help you with it.
ninjashogun: if they're not interested you can get a firm no right away without also hearing that you're an idiot.
Dimsler: teach him how to be abetter scammer
ughlol: Will definitely keep that in mind ninjashogun! Thanks for the introduction here, and sorry that your rep went down.
ughlol: Dimsler: yeah yeah, blah. I love you too. Happy?
ughlol: Dont get butthurt because I forgot to say I love you.
ninjashogun: Dimsler, I think some aspects of recruiting cofounders, investors, and even customers, have something in common with 'scamming'. So is putting an MVP up.
assbot: [HAVELOCK] [NEOBEE] 41 @ 0.00368 = 0.1509 BTC [+]
ughlol: cya later everybody! :)
ninjashogun: There was a story about an MVP with fake buttons that didn't do anything - they just said "Download as Excel File" for example and see who clikced on it to guage interest.
ughlol: bye ninjashogun, mircea_popescu, Dimsler <3, only!! :)
ninjashogun: that's a "scam" because it exposed functionality that was a lie.
ninjashogun: but it helped the startup hone in on what the market wanted.
ninjashogun: Likewise, I've talked with MANY people associated with YCombinator-backed startups (the most famous incubator) and worked for one.
ninjashogun: Many early employees report that founders are full of "half-lies".
ninjashogun: I agree. The job of a founder is to create a half-lie, and the job of the cofounders and early employees is to add the other half.
ninjashogun: + of the investers, and in some cases the customers who are early adopters and willing to put up with buggy-ass #$#@$