assbot: [HAVELOCK] [PETA] 24 @ 0.03578245 = 0.8588 BTC [+] {2}
assbot: [HAVELOCK] [B.MINE] 200 @ 0.0144385 = 2.8877 BTC [+] {2}
assbot: BitBet - Silk Road Coin Auction Extravaganza :: 2.15 B (29%) on Yes, 5.3 B (71%) on No | closed 2 weeks 6 minutes ago
mike_c: uh, did you read the links he posted?
TheNewDeal: I actually didn't until saying sure, but still humorous nonetheless
assbot: Image tagged in lawgs - Imgflip
assbot: [HAVELOCK] [B.MINE] 44 @ 0.01445 = 0.6358 BTC [+]
TheNewDeal: can I get a period please, or a semicolon, or something of the like?
TheNewDeal: West Niphomanian - that's too good to be an accident
TheNewDeal: hipsterset of historpy. oh my, going to have to reuse some of these
assbot: [HAVELOCK] [B.SELL] 75 @ 0.01516931 = 1.1377 BTC [-] {13}
TheNewDeal: have abouts one in particular called The Food of the Gods?
assbot: [HAVELOCK] [B.MINE] 70 @ 0.01445142 = 1.0116 BTC [+] {2}
mircea_popescu: asciilifeform no, actually, it's a commentary of "waiting for a midnight kiss"
mircea_popescu: which is an atrociously bad movie i had the misfortune to watch earlier.
assbot: BitBet - Germany wins World Cup :: 10.62 B (64%) on Yes, 5.94 B (36%) on No | closing in 2 days 23 hours | weight: 83`530 (100`000 to 10`000)
mircea_popescu: im seeing germany at 11/8, !germany at (23/10 + 5/2). this comes to 1.375 for, 2.5 against.
mircea_popescu: i have no idea how "draw" odds are supposed to work on all these betting sites tho. this is the wc final, wtf draw ?
TheNewDeal: it's not betting on a full time win, is it?
assbot: High Fidelity - Jack Black - Let's Get It On - YouTube
mike_c: this trilema post needs a OTP to decode, yes?
mike_c: i tried reading letters down the edges, but nothing.
mike_c: i need the paper with holes cut out in the right spots.
assbot: Game Gear Squirrel Commercial - YouTube
mike_c: omg i remember that commercial
cazalla: wow, that dude was that fat that long ago
mike_c: i figure that is how simpleminded psychopaths have fun.
mike_c: asciilifeform: no wai. the facebook oculus rift is 3d!
mike_c: only 0.5 BTC for version 2 kit. i am tempted, but know i have no time to play with it.
mike_c: random aside: I am now a 0MQ fanboy thanks to kako. fast, versatile, easy to use in any language. solves all your pubsub, message queue, and lonely nights problems.
mike_c: might also wash your dishes, not sure.
assbot: BitBet - And Then There Was One :: 7.59 B (56%) on Yes, 6.04 B (44%) on No | closing in 4 months 5 days | weight: 35`178 (100`000 to 1)
mike_c: those odds actually seem pretty good
mike_c: how the hell am i supposed to make any money.
decimation: asciilifeform I tought you could pick up a chicom pick'n place machine for less than $5k
ThickAsThieves: "So that's the whole story. I was tricked into selling Buttcoin.org to BFL and no longer have access to the site so I've set up camp on the subreddit instead so I can shitpost about bitcoins still."
ThickAsThieves: "The next day we noticed that our most popular article on the entire site, the "The $22,484.00 Butterfly Labs Mini Rig bitcoin miner is a huge, broken, unstable piece of shit." had been edited and now read The Butterfly Labs Mini Rig is a sexy Bitcoin mining machine."
assbot: Man visiting D.C. says Uber driver took him on wild ride - The Washington Post
decimation: "A side note: Waters said the hack inspector tried to radio for help from other agencies, but his attempt coincided with an outage of the city?s emergency communications system. "
assbot: Radio silence in D.C. - The Washington Post
decimation: "The normal external power feed appeared unreliable Monday, so officials switched to generators until the issue could be addressed. But, 13 hours later, the generators failed, leaving police briefly without radio coverage, 911 callers on hold, and 311 callers totally out of luck for 16 minutes."
decimation: I don't think you would be placing fine pitch parts without optics
decimation: failures in silly-con valley, failures in DC government, failures in DC infrastructure
atcbot: [X-BT] Bid: 224 Ask: 279 Last Price: 224 24h-Vol: 175k High: 225 Low: 224 VWAP: 224
TheNewDeal: decimation "When they left their meeting there, they thought about taking Uber, but the wait was too long, so they took a cab instead."
TheNewDeal: on a similar note, I just used Lyft for the first time last week, and it worked out without a kidnapping
TheNewDeal: was trying to get a ride home from the airport, brother was asleep, ended up paying $9 after the $25 first time discount
decimation: one wonders about the remarkable tolerance supposedly rich people in the US have for such poor public services
assbot: Impotent roosters: Chicken prices are rising because of genetic problems.
TheNewDeal: which public services are you speaking of decimation?
decimation: Isn't Lyft the one that works on "donations"
TheNewDeal: and they refer to all their customers as "friends"
decimation: well, the taxi inspector who encouraged a high speed chase to settle some paperwork
decimation: then the fact that DC can't keep its radio system running
decimation: and apparently the backup is ... sit in the cop station and eat donuts
decimation: england was very well policed before the telegraph
BingoBoingo: But how does it taste? Usually it takes some work to make a Capon Aviagen sent a team of scientists to Sanderson last autumn to study the issue and has acknowledged that an undisclosed change it made to the breed's genetics made the birds "very sensitive" to being overfed, he said. "We fed him too much. He got fat. When he got big, he did not breed as much as he was intended to," Cockrell said about the breed of rooster.
mircea_popescu: tbh i don't get that bitcoinnews article. wtf is it supposed to be ?
gribble: Current Blocks: 310188 | Current Difficulty: 1.6818461371161112E10 | Next Difficulty At Block: 310463 | Next Difficulty In: 275 blocks | Next Difficulty In About: 1 day, 18 hours, 2 minutes, and 17 seconds | Next Difficulty Estimate: 17191403242.3 | Estimated Percent Change: 2.21746
TheNewDeal: was hoping for a negative, no clue why
BingoBoingo: The thing about betting for a negative is that even if nextchange is estimated negative the first many days of a period, new hash is going to bleed all over your whites the last couple days
TheNewDeal: which is why I have not bet on the negative
BingoBoingo: Then again... Maybe August gets really hot?
BingoBoingo: Right now here it is a nice 18.3333 C Tomorrow it is only supposed to get up to 29 C
decimation: "29. Where persons so keeping watch or ward, shall want assistance therein, any other persons on like duty, having knowledge thereof, by the rattle,signal, outcry, or otherwise, shall repair to, and assist by all means in their power; but no person, during his time of duty, shall absent himself from his particular stand or walk, without consent either of the constable or special constable of the night, unless on the above occasion;
decimation: or for suppressing some disorder of which he is eye or ear witness on some adjoining stand, &c. in absence of the persons keeping watch, &c. therein, nor then longer than necessary, s. 19."
assbot: A Digest of the Public General Statutes from Magna Charta - Robert P. Tyrwhitt, Thomas William Tyndale - Google Books
mircea_popescu: decimation do you have any idea what size constraints that;'d put on say la ?
mircea_popescu: no fucking parking lots. 15k a month to park your car.
decimation: Many us cities would be better off without cars in the urban core
mircea_popescu: if you want the babes to be REALLY impressed with your car, then it would be a pretty sweet thing.
mircea_popescu: if you want everyone to be able to pretend they're cool, it'd be horrible.
decimation: at any rate, I bring it up mainly because I suspect that less than 1% of the democratic police even realize that this is how things were done before the radio told them what to do
decimation: not in principle, but it would require more humans to be standing around watching for things going on
decimation: the world's population has never been larger, yet human attention is precious
mircea_popescu: think about it... every new human has the same basic needs, but as you keep adding them to the long end of stupidity they don't actually add a full measure of attention.
TheNewDeal: bingoboingo, in Arizona right now and it's been lik 40 C +
mircea_popescu: so if population is 5 and per capita avg attention ready to be paid 2.1, then you have 2.1x as much attention as needed.
mircea_popescu: once the population is 50 and per capita avg attention available dropped to .95, you're short already
assbot: Polar Vortex, You Freeze My Cortex - A Complain Song - YouTube
decimation: mircea, this explains much of the current state of the world
mircea_popescu: people pretend to ignore the fact that human life, like all life, is an exercise in exploring the possibilities. as you increase the population you necessarily lower the averages.
TheNewDeal: bingoboingo that video was awesome. Live in the MN, but haven't been back much during the past few weeks
mircea_popescu: exactly for the reason and through the mechanisms any good investment is its own limiting factor.
TheNewDeal: they're getting flooded I hear. (sorry for hitting enter a few times)
mircea_popescu: TheNewDeal we'll just think you got the webcam open on the other monitor.
cazalla: her face is all over mfc, nfi what the big deal here was
mircea_popescu: cazalla fail school of whoring, "gotta pretend like it's hard"
cazalla: XSexyindianx on google images if anyone wants a look
TheNewDeal: is that a tale of two cities reference?
assbot: Rating Details for User 'ninjashogun'
mircea_popescu: ;;later tell rhoruns did you go by that nick in astonia ?
assbot: [HAVELOCK] [B.MINE] 98 @ 0.014495 = 1.4205 BTC [+] {2}
fluffypony: ThickAsThieves: normal market forces, miners gon' dump etc.
atcbot: [ATC Diff] Current Diff: 785138.67 Est. Next Diff: 533370.09 in 1166 blocks (#40320) Est. % Change: -32.07
assbot: Andreas Antonopoulos Leaves Bitcoin Foundation Over "Complete Lack of Transparency"
assbot: [HAVELOCK] [AM1] 9 @ 0.19766666 = 1.779 BTC [-] {3}
xmj: mike_c: I don't work >for< benkay. I work with him.
xmj: the joys of having your own setup.
FabianB: thestringpuller: not everywhere on the globe
xmj: 10:30:15 <+thestringpuller> it's late as fuck go to bed
xmj: I'm currently staying in Cambridge, UK -- 08:38 AM.
[]bot: Bet placed: 1 BTC for Yes on "Bitcoin difficulty >= 72B on or before Christmas"
http://bitbet.us/bet/990/ Odds: 52(Y):48(N) by coin, 51(Y):49(N) by weight. Total bet: 4.23105324 BTC. Current weight: 95,238.
[]bot: Bet placed: 1 BTC for Yes on "Bitcoin incremental difficulty to increase by 9B or more"
http://bitbet.us/bet/980/ Odds: 51(Y):49(N) by coin, 50(Y):50(N) by weight. Total bet: 2.2048888 BTC. Current weight: 95,010.
assbot: Kickstarter project spent $3.5M to finish a working prototypeand ended in disaster | Ars Technica
assbot: How to Miss By a Mile: An Alternative Look at Ubers Potential Market Size | Above the Crowd | By Bill Gurley
punkman: lol "The Game Changer: Uber as a Car-Ownership Alternative"
punkman: you wouldn't believe the amount of spam Uber and Lyft are spreading, trying to recruit new drivers
assbot: SoylentNews | Scientists Who Continually Publish Get More Citations
assbot: Argentinian Money Regulator Mandates Reporting on Bitcoin Activity
assbot: Bitcoins : Bercy veut limiter l'anonymat et plafonner les montants
davout: pankkake: long bitcoin, short france
danielpbarron: "This is reddit front-page material - I suggest a concerted effort there: With somebody posting, and the community timely upvoting."
danielpbarron: "Also, klee has put a bounty out of 500 BTC for anyone who can track down the funds (1170 BTC) and retrieve them."
fluffypony: danielpbarron: is this the thing that happened a little while ago where some dude's account got hacked whilst he was on a plane and asked for money to trade?
danielpbarron: "Just want everyone to know that I have unlocked kLee's account here again, and I have video-confirmed it was him making the request." << when is gribble going to have the video authentication method?
assbot: Incredible opportunity! (scam, account hacked)
assbot: General security and klee theft situation
fluffypony: holy fuck this dude is as bad as usagi
pankkake: that guy is a forum retard who invests in every available scam
punkman: seems like he's getting some NXT back from bter
punkman: doubt he'll ever see 1000 BTC again
pankkake: and he will never pay that bounty either
atcbot: [X-BT] Bid: 224 Ask: 279 Last Price: 224 24h-Vol: 16k High: 224 Low: 224 VWAP: 223
jdoubleu: interested in learning more about bitcoin, invited by los pants. planned to lurk for a bit
gribble: Current Blocks: 310249 | Current Difficulty: 1.6818461371161112E10 | Next Difficulty At Block: 310463 | Next Difficulty In: 214 blocks | Next Difficulty In About: 1 day, 6 hours, 45 minutes, and 16 seconds | Next Difficulty Estimate: 17266282104.5 | Estimated Percent Change: 2.66267
atcbot: [ATC Diff] Current Diff: 785138.67 Est. Next Diff: 538081.55 in 1125 blocks (#40320) Est. % Change: -31.47
ThickAsThieves: <+mircea_popescu> tbh i don't get that bitcoinnews article. wtf is it supposed to be ? /// me either, it reads like it was sleepwritten
assbot: Bercy veut encadrer l'utilisation du Bitcoin
assbot: jdoubleu +v failed; L1: 0, L2: 0
los_pantalones: ;;rate jdoubleu 1 your go-to guy for a manhattan, white russian, and trip to dolls
gribble: Rating entry successful. Your rating of 1 for user jdoubleu has been recorded.
davout: Apocalyptic: twas in lemonde.fr too
Apocalyptic: "souhaite réguler l'utilisation des monnaies virtuelles, comme le Bitcoin, en plafonnant notamment les montants qu'elles peuvent servir à payer"
pankkake: "In a future where Bitcoin is popular and pervasive, Bitcoin mining is about much more than mining for profit."
davout: Apocalyptic: it's kind of consistent if you compare it to cash thresholds
kakobrekla: slovenia does bitcoin conferene but no best slovenians on it
Apocalyptic: davout, it is, the thing is it's not really enforceable
davout: Apocalyptic: except with fr payment processors
davout: the pretty cool thing tho are the mentions about vat
davout: except they kinda say "we'll see later about that"
davout: i really have nothing against going the fuck out of france :)
BingoBoingo: kakobrekla: You should go there and just piss on the podium
kakobrekla: or just mix the laxatives in the drink and run.
gribble: Current Blocks: 310253 | Current Difficulty: 1.6818461371161112E10 | Next Difficulty At Block: 310463 | Next Difficulty In: 210 blocks | Next Difficulty In About: 1 day, 8 hours, 6 minutes, and 6 seconds | Next Difficulty Estimate: 17192441000.7 | Estimated Percent Change: 2.22363
gribble: Nick 'jurov', with hostmask 'jurov!~jurov@mx.coinbr.com', is not identified.
jurov: ;;gpg everify freenode:#bitcoin-otc:ed0b84b6934b5585ad167237010b74d30020c9bd984a175b6db6de50
gribble: You are now authenticated for user jurov with key 677ABD62D0AEE7D7
assbot: [HAVELOCK] [PETA] 54 @ 0.03757167 = 2.0289 BTC [+] {9}
fluffypony: holy shit, ericmuyser please fix your fucking connection
mircea_popescu: does that mean his connection is slutty, fucking around, and he should fix, ie castrate it ?
assbot: [HAVELOCK] [B.SELL] 64 @ 0.01525 = 0.976 BTC [+]
assbot: [HAVELOCK] [B.MINE] [PAID] 1.65223501 BTC to 11`051 shares, 14951 satoshi per share
assbot: [HAVELOCK] [PETA] [PAID] 173.75743686 BTC to 82`142 shares, 211533 satoshi per share
assbot: [HAVELOCK] [PETA] 20 @ 0.03665908 = 0.7332 BTC [+] {4}
assbot: [HAVELOCK] [SCRYPT] [PAID] 6.53965170 BTC to 29`438 shares, 22215 satoshi per share
gribble: Bitstamp BTCUSD ticker | Best bid: 628.78, Best ask: 629.52, Bid-ask spread: 0.74000, Last trade: 629.52, 24 hour volume: 6210.79826244, 24 hour low: 612.58, 24 hour high: 630.0, 24 hour vwap: 0
assbot: Buttcoin Foundation ROCKED as founder exposed to be PAID SHILL for Butterfly Labs : Buttcoin
atcbot: [ATC Diff] Current Diff: 785138.67 Est. Next Diff: 539534.36 in 1105 blocks (#40320) Est. % Change: -31.28
atcbot: [CoinMiner Hashrate]: 0.03 TH/s [PityThePool Hashrate]: 4754.24 GH/s
BingoBoingo: So Lebron signed with Cincinnati, or Cleveland. Which ever C town in hell has a basketball team
BingoBoingo: Speaking of Ohio... how is rentalstarter doing?
assbot: [HAVELOCK:RENT] 1D: 0.00405000 / 0.00438703 / 0.00467000 (348 shares, 1.52668600 BTC), 7D: 0.00400001 / 0.00422048 / 0.00467000 (1587 shares, 6.69790702 BTC), 30D: 0.00200000 / 0.00382689 / 0.00467000 (6591 shares, 25.22302928 BTC)
gribble: the20year was last seen in #bitcoin-assets 10 weeks, 2 days, 0 hours, 39 minutes, and 42 seconds ago: <the20year> Corn oil sells locally for $3.25/gal
assbot: [HAVELOCK] [PETA] 153 @ 0.0368 = 5.6304 BTC [+]
assbot: [HAVELOCK:RENT] 1D: 0.00405000 / 0.00438703 / 0.00467000 (348 shares, 1.52668600 BTC), 7D: 0.00400001 / 0.00422048 / 0.00467000 (1587 shares, 6.69790702 BTC), 30D: 0.00200000 / 0.00382689 / 0.00467000 (6591 shares, 25.22302928 BTC)
BingoBoingo: So not the lowest they've been this months, but still well any of their OMGWTFIPOs
assbot: [HAVELOCK] [PETA] 17 @ 0.03662941 = 0.6227 BTC [-] {3}
mike_c: it has held up because the exchange rate has been so stable. the guy doesn't seem like a scammer, or even incompetent. it would be a good investment if bitcoin didn't exist.
assbot: BitBet - LeBron James to take his talents elsewhere :: 0.21 B (42%) on Yes, 0.29 B (58%) on No | closing in 3 months 1 week| weight: 84`213 (100`000 to 1)
mike_c: it was 2.9 : 1 before that last scammer bet. the underdog won again
assbot: [HAVELOCK] [PETA] 17 @ 0.037368 = 0.6353 BTC [-]
assbot: [HAVELOCK] [PETA] 25 @ 0.03582069 = 0.8955 BTC [-] {5}
mike_c: the bet is logged at 16:26 today, i assume that is GMT? Lebron tweeted a link to the sports illustrated article at 16:31, I assume it had been published more than 5 minutes earlier.
assbot: [HAVELOCK] [B.SELL] 38 @ 0.015399 = 0.5852 BTC [+]
assbot: [HAVELOCK] [PETA] 15 @ 0.03679 = 0.5519 BTC [+]
assbot: [HAVELOCK] [PETA] 400 @ 0.03808767 = 15.2351 BTC [+] {8}
assbot: [HAVELOCK] [CFIG] 11 @ 0.049 = 0.539 BTC [-] {2}
mike_c: BingoBoingo: lol. people like spielberg are the reason dinosaurs are EXTINCT now.
jurov: maybe i'll place sponsored link on reddit "Short All The Bitcoin Scams"
jurov: with info how to use coinbr to trade DERPs
assbot: [HAVELOCK] [PETA] 20 @ 0.03815 = 0.763 BTC [-]
assbot: [HAVELOCK] [PETA] 30 @ 0.0381799 = 1.1454 BTC [+] {3}
assbot: [HAVELOCK] [PETA] 14 @ 0.03810854 = 0.5335 BTC [-] {4}
jurov: lol everyone's thinking about it
jurov: maybe it can be done even more diabolically
jurov: have anothe sponsored link "Buy Shares of All the BTC companies you love"
jurov: and link it to info about how to go long on coinbr
jurov: (different from above one)
fluffypony: [21:16:02] sud0sandwich: BREAKING NEWS: Facebook has acquired potato salad for $2 billion.
gribble: Current Blocks: 310280 | Current Difficulty: 1.6818461371161112E10 | Next Difficulty At Block: 310463 | Next Difficulty In: 183 blocks | Next Difficulty In About: 1 day, 5 hours, 5 minutes, and 9 seconds | Next Difficulty Estimate: 17170379755.6 | Estimated Percent Change: 2.09245
bitcoinpete: asciilifeform: today we have technology, no longer need squirrel to see colour. but still necessary for 3d, etc. << skvirrel! and moose!
jurov thinks of something funny
jurov: you can rest assured your coinbr assets are completely safe
bitcoinpete: mircea_popescu: kako is a graybeard despite his tender years << nao i want to dox the guy, find out how tender...
jurov: at least till monday
bitcoinpete: jurov: can i get fiat-denominated insurance on that promise?
jurov: but how? you pay me 10 euro, i pay you 1000 if your mpex assets vanish before monday?
bitcoinpete: decimation: failures in silly-con valley, failures in DC government, failures in DC infrastructure << failureville, usa. it's like the new springfield
bitcoinpete: jurov: lol i was more poking fun at circle, pierce, etc
benkay: armory is a gui-only thing, right?
bitcoinpete: TheNewDeal: on a similar note, I just used Lyft for the first time last week, and it worked out without a kidnapping << that's what they want you to think
mike_c: benkay: you can acces everything through python
bitcoinpete: mircea_popescu: if you want the babes to be REALLY impressed with your car, then it would be a pretty sweet thing. << like london. can't park your zonda anywhere
assbot: Python Scripting | Bitcoin Armory
bitcoinpete: mircea_popescu: exactly for the reason and through the mechanisms any good investment is its own limiting factor. << this is a thought
benkay: awesome mike_c you're a scholar
bitcoinpete: fluffypony: "1. passes kept in a plaintext file" << those kids
bitcoinpete: well there ya go, i should know better than to chime in on armoury's guiness
assbot: Canada jobs, unemployment
BingoBoingo: bitcoinpete: If you thing bitcoind takes up a lot of hard drive space though...
assbot: BitBet - Brock Pierce to resign at BTC Foundation :: 0.3 B (3%) on Yes, 10.08 B (97%) on No | closing in 1 month 2 weeks | weight: 45`677 (100`000 to 1)
benkay: our fictions are less than yours
assbot: Giveaways from Mr Ricardo investor and diplomat
bitcoinpete: mircea_popescu: if derpopolous, matonis, etc can jump ship, why not pierce
mircea_popescu: "I am Mr Ricardo, one of the first bitcoin miners early in 2009, prosperous engineer, social policymaker and developer of different marketplaces everywhere in the network."
fluffypony: I'm Riccardo with two c's (Italian) - Ricardo with one c is Spanish / Portuguese
mircea_popescu: it won't soon end. next move is rap derps going on about their bitcoin creed
fluffypony: "broadcasting transfers rebuilding musing searching resources spreading means handling experience"
mircea_popescu: the consumer end is cursed to be forever consumer facing.
fluffypony: that sounds like "I shat a bunch of words out because I'm high"
mircea_popescu: "My contribution in the innovative structures last years filled out 88% of my time."
mircea_popescu: "Huge investors are consolidating here, that's good sign. You found this topic very fast. Excellent. Big things in work."
gribble: Error: For identification purposes, you must be authenticated to use the rating system.
benkay: ;;everify freenode:#bitcoin-otc:5ddaa809667d6a93d9b743d548729a1881869d70787a583a497c4277
gribble: You are now authenticated for user benkay with key 2AFA1A9FD2D031DA
gribble: Rating entry successful. Your rating of 2 for user mike_c has been recorded.
mircea_popescu: "I will rape you fucking partridge. I am more legit then you. I am sure that your account is hacked and you are not the one you are trying to show. Shut up there or i will fuck you in hole"
fluffypony: "Shut up there or i will fuck you in hole between buttocks."
mircea_popescu: assbot: Kickstarter project spent $3.5M to finish a working prototypeand ended in disaster | Ars Technica << punkman to be fair, that's not really either important or making a lot of sense. sometimes prototypes fail, which is why they're called prototypes. i don't think you can find any item which didn't have millions "wasted" in prototyping
mircea_popescu: the problem with kickstarter and the shit trying to copy it isn't that it wastes a lot of money, but that it wastes it pointlessly.
mircea_popescu: asciilifeform sane people also aren't on kickstarter, nor do they think everyone's their peer, nor do they think they have something to "contribute" in random fields that never heard of them.
mircea_popescu: we're in postmodernism here, and so therefore postsanity.
mircea_popescu: of course, actually wasting money is a net positive for the us system.
mircea_popescu: the most important economic activity in a runaway inflation macroeconomy is the writing off of bad debts.
mircea_popescu: which is kinda why the headlines read like they did, a few years ago. "x bank writes off y bilions"
mircea_popescu: asciilifeform that's the minor part of the binomial. the major part is that it is removed from folks who shouldn't have had it.
mircea_popescu: as long as the scammers actualy waste it, rather than keep it, this is financial sterilisation.
mircea_popescu: but the reason these derps are on kickstarter and bitcointalk instead of whatever mine isn't that they had enough money and bought their way out.
benkay: <asciilifeform> it isn't wasted 'correctly' though. it ends up feeding folks who ought to have gone hungry // <mircea_popescu> asciilifeform that's the minor part of the binomial. the major part is that it is removed from folks who shouldn't have had it. // wait how is taking the money from people who shouldn't have it and giving it to others who shouldn't have had it either not subtracting a from x and then adding a back to x?
mircea_popescu: benkay because group 1 was "investing it" therefore wrecking capital allocation
benkay: i'm living through a fog of back pain today so forgive the retardation
mircea_popescu: whereas group 2 just spends it, therefore merely wasting resources.
mircea_popescu: consider group 1 of 50 idiots who "invested" with pirate, thus creating for me the problem of there existing a pirate, something im still dealing with.
mircea_popescu: vs the 50 idiots who bought pizzas and lost wallets and whatnot.
mircea_popescu: if there were no pirate and no silkroad whatshisname, the usg wouldn't be tempted today by the very dangerous heresy that "maybe it can make it on its own"
mircea_popescu: generally, the sooner agents are brought to their knees the less blood gets spilled.
mircea_popescu: <asciilifeform> from a different angle: why no cheap factorygurlz in usa? because the 'candidates' are instead paid to sit and wank << false. the cheap factorygirlz in china come from families which have cared enough about them to invested beatings and other very valuable time.
bitcoinpete: mircea_popescu: other than just having a mountain of coins and the ability to dispense of them erratically, how does pirate impact you?
mircea_popescu: bitcoinpete consider the case of a street where some idiot builds an unstable skyscraper.
benkay: Mats_cd03: how much time would making rest-y interface to bitc take?
mircea_popescu: but the cost of everyone on the street insuring against being fallen on ? 1mn over 10 years.
bitcoinpete: right. so the energy expending in making the infrastructure robust enough to deal with pirate's hits are severely costly
mircea_popescu: that's why you don't let derps build unstable skyscrapers. not because the thing WILL fall, but because the thing MIGHT fall
mircea_popescu: and now y'all are better qualified risk managers and generally speaking financiers than pretty much everyone under 30 on ws.
bitcoinpete: this appears to be one of those cases where the cost of uncertainty greatly exceeds the potential benefits of the construction
mircea_popescu: and an appalling fraction of the over 30 crowd to boot
bitcoinpete: sort of like playground equipment with built-in buzzsaws
bitcoinpete: or the opposite of most of the de-riskified markets (and playgrounds)
mircea_popescu: the risk that your prototype may not work, for whatever real reason, is one type, and eminently insurable.
mircea_popescu: the risk that your boss may not let you make the prototype however, for whatever ideological reason, is the other type.
mircea_popescu: eminently uninsurable, and the confusion between the two things pretty much the #1 killed of insurance businesses.
bitcoinpete: so with pirate, we can't make prototypes because we don't know if he'll say yes?
bitcoinpete: in that we can try to make something and he could arbitrarily crush it
mircea_popescu: no, more like we tell that Columbia girl that the best future for her is on her two knees and with a welted butt in our household
mircea_popescu: but this idiot with a flashy car tells her how he's gonna make her a singer-actresss
mircea_popescu: two years later, she's working that mfc and wondering "why it all went wrong"
bitcoinpete: so another 5 years pass and she humbly comes to her senses, following the girls who make the right decision 7 years priot
bitcoinpete: so a lot of people who got into bitcoin in 2011 and got raped by pirate are gone forever
bitcoinpete: and probably worse off than people who got in in 2013
mircea_popescu: well no. most of them went on to "invest" in glbse, be "offended" by mpoe-pr, then "invest" in whatever,
mircea_popescu: by the time you're that defeated you really have no incentive left to admit you're stupid.
bitcoinpete: so they suck versus more humble, even later, entrants
mircea_popescu: "people", ie, nobodies who got in in 2013 got in at a time their meagre disposable income already made it impossible for them to matter.
mircea_popescu: so a lot of the heartache of discovering one is poor because one is stupid, not because one never "had a chance" is spared them.
assbot: SoylentNews | Police Request Permission to take Nude Photo of Minor Sexting Suspect
mircea_popescu: "Young math students are warned about the critical difference between precision and accuracy. Financial models, especially valuation models, are interesting in that they can be particularly precise. A discounted cash flow model can lead to a result with two numbers right of the decimal for price-per-share. But what is the true accuracy of most of these financial models?"
mircea_popescu: why put a pike on display just to stab yourself on the eye with ? just don't mention statistics at all, and merely go on derping nudely, "i want uber to be worth moar"
mircea_popescu: asciilifeform the problem was 1mn btc sloshing together at a time the total circulating btc was like 5mn
mircea_popescu: nobody getting in today gets even 100k together, let alone 3mn, to keep proportions.
mircea_popescu: most "vc"s are exposed to less btc than usagi was three years ago, for crying out loud.
assbot: [HAVELOCK] [PETA] 22 @ 0.039863 = 0.877 BTC [+] {2}
mircea_popescu: "So here is the objective of this post. It is not my aim to specifically convince anyone that Uber is worth any specific valuation. What Professor Damodaran thinks, or what anyone who is not a buyer or seller of stocks thinks, is fairly immaterial."
mircea_popescu: if there ever was a good signal to gtfo out of us stocks... i dunno what else it could be,.
bitcoinpete: mircea_popescu: so what do some of the scenarios of pirate shenanigans look like?
assbot: MPEx status update pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: " For most of America, prior to Uber it was impossible to predict how long it would take for a taxi to show up."
assbot: Senate Judiciary Committee Backs Constitutional Amendment to Restrict Free Speech - Hit & Run : Reason.com
midnightmagic: Nobody cares about taxis or buses or rail. Everyone just has a car.
mircea_popescu: i can tell you that uber has 0 chances in romania, because i've never had a taxi be over 5 minutes, nor did i ever have a problem getting lost items back
mircea_popescu: the idea that there's a "global market" is beyond shoddy.
mircea_popescu: actualy, to put it in perspective, i've lived here for over a month, took > 100 rides, NEVER HAD TO CALL ONE.
mircea_popescu: never waited more than a minute. walk up to street, lift hand. taxi is tere.
jborkl: If you were so inclined, to further drive mirceas point. It was very easy to raise 50K bitcoins two years ago
jborkl: well let me give you this example - Bakewell raised funds through a IPO with a shoe on his head picture to build 2 GPU minners
dub: taxi's are safer called, mopst of the flaggable ones are driven by rapists
jborkl: people fell all over themselves to "invest" in this
mircea_popescu: asciilifeform etsy is a great place to meet famished young things. some pretty. some educable.
dub: I liked that park auctioning app from the valley
assbot: App lets you auction your San Francisco parking spot - Boing Boing
assbot: imgur: the simple image sharer
mircea_popescu: lol so the frenchies want to a) make bitcoin tx illegal among anon parties and b) make max tx 3k euro.
mircea_popescu: i wonder what's next, we decide to confiscate all bitcoin owned by anyone involved with the french government ?
davout: mircea_popescu: don't even get me started
davout: no, because i read between the lines of that thing
davout: i think they are fucking terrified
jborkl: so how exactly do they propose to enforce this?
davout: jborkl: they just "said" nobody expects them to "do"
jborkl: he got 1200 btc stolen
jborkl: and is paying 500 to get it back
mircea_popescu: so is it that some derp holding a worthless scamcoin he arbitrarily values at 1k btc got his worthless scamcoin "stolen"
mircea_popescu: through such eminent strategies as giving away whatever passes for a password in that particular altscam world ?
mircea_popescu: and in fact what was stolen is a broken spoon nobdy cares about except for some down syndrome patients ?
jborkl: well, you know a broken spoon is worth a bunch to the creator or the mentally ill
mircea_popescu: great. punkman is like the resident social caseworker.
jborkl: oh wait - no he really has 1170 btc, in btc
assbot: Bitcoin Adres 1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr
mircea_popescu: kakobrekla: or just mix the laxatives in the drink and run. << why run ?
kakobrekla: ill subscribe for french passport at this rate.
davout: the reason we don't shower is that we naturally smell awesome
mircea_popescu: you know they'll make you dine as a citizenship test ?
davout: mircea_popescu: lol didn't i show you this one ?
davout: ;;google faire dinette wikipedia
davout: ;;google wikipedia soupeur
davout: hehe this page is only in french
assbot: DINETTE AU CROCHET MARCHANDE PLAY FOOD on Pinterest
assbot: imgur: the simple image sharer
assbot: WHAT THE ACTUAL FUCK, CANADA? - Imgur
assbot: The great proletarian Pullman - Bonhams to auction Mao minister's Mercedes | Classic Driver Magazine
assbot: Auctions America - The Littlefield Collection
bitcoinpete: Panzerkampfwagen IV Ausf. H (Sd.Kfz. 161/2) is ~$2.5mn
mircea_popescu: btw, if anyone's got 12 yos, get them "i sell the dead"
mircea_popescu: i have no idea why that thing's not more famous, it has just the right combo of freaky, cultured and humour to be another barbarella.
assbot: [HAVELOCK] [PETA] 76 @ 0.03992963 = 3.0347 BTC [+] {2}
assbot: Millennials’ Political Views Baffle Baby Boomers - TIME
mircea_popescu: what happened to those old days when in order to have a view one first had to persuade ?
mircea_popescu: to have a view eyes are not enough to see, nor mouth enough to speak, nor even some ganglion to somehow connect these two. in order to have a view one must have the ability to evoke that view in another, preferably another who does not care.
assbot: [HAVELOCK] [PETA] 18 @ 0.03842703 = 0.6917 BTC [-] {6}
assbot: The 20 Most Sizzling Rich White Guy Fashion Moments From Sun Valley
mircea_popescu: jesus who put stale pasta in Jessica Misener's cerebral cavity and why am i reading this sht.
bitcoinpete: it's like a relaxed yet cutting edge toothpaste
bitcoinpete: "Humbling to see women in #fintech like @37coins & @BitPesa delivering on the promise of #bitcoin to empower the unbanked. #CoinSummit"
mircea_popescu: "For most older Americans, calling yourself a liberal means you want to increase the size, scope, and spending of the government"
mircea_popescu: ahahha that article's so lulzy, because this retarded shit is true.
bitcoinpete: mircea_popescu: 37coins does bitcoin over sms, bitpesa does bitcoin remittance to kenya
bitcoinpete: probably along the lines of "dozens served"
mircea_popescu: poor people are still poor. what's the deliverable exactly ?
bitcoinpete: but not too much that they kicked out of the "social enterprise" club
punkman: mircea_popescu: assbot: Kickstarter project spent $3.5M to finish a working prototypeand ended in disaster | Ars Technica << punkman to be fair, that's not really either important or making a lot of sense. << indeed, who cares how much money they waste. the product was very lulzy though
punkman: good discussion after that
punkman: spent the afternoon making a big sand castle, found a thai restaurant that wasn't horrible, very rewarding
assbot: Kickstarter projects no longer need human vetting prior to launch | Ars Technica
punkman: "Algorithm to replace human review of proposals." <- I just can't see that happening
punkman: apparently their algorithm always comes back with "hell yeah, let's fund this shit"
mircea_popescu: there's really no third way : either you moderate and are actually good at it, which so far is strictly mpex,
punkman: they used to do an okay job keeping crap out, guess to many derps submitting these days
mircea_popescu: that's he problem. an ok job is actually worse for them.
punkman: it worked long enough for them to get big
punkman: I wonder if this was always in their ToS: "Project Creators are required to fulfill all rewards of their successful fundraising campaigns or refund any Backer whose reward they do not or cannot fulfill."
assbot: [HAVELOCK] [B.MINE] 97 @ 0.01539999 = 1.4938 BTC [+] {2}
assbot: I was hacked (1170btc stolen) - 500btc max BOUNTY
Duffer1: online wallet check, reused password check
[]bot: Bet placed: 1 BTC for Yes on "Amazon stock to close at over $350 in 2014"
http://bitbet.us/bet/965/ Odds: 89(Y):11(N) by coin, 88(Y):12(N) by weight. Total bet: 1.26310276 BTC. Current weight: 89,101.