mircea_popescu: lolwut ?

mircea_popescu: why now ?

mircea_popescu: was just as crazy before.

mircea_popescu: kakobrekla yeah. except i still can't short it.

mircea_popescu: for all the talk of these financial cats the market's as frozen as antarctica.

mircea_popescu: thestringpuller the market.

mircea_popescu: who;s gonna donate heads.

mircea_popescu: easier to just recycle the stupid.

mircea_popescu: ah

mircea_popescu: im not sure i want to grace the body of an idiot

mircea_popescu: he probably did stupid things to it.

mircea_popescu: thestringpuller we were discussing asicminer you know

mircea_popescu: specifically shorting it

mircea_popescu: https://bitcointalk.org/index.php?topic=159560.msg2622457#msg2622457

mircea_popescu: i guess you all missed out on that hot stuff huh ?

mircea_popescu: you know dub, if you'd like to swallow some manlove you can just say.

mircea_popescu: kakobrekla peach.

mircea_popescu: peach jam jar head

mircea_popescu: http://3.bp.blogspot.com/_Uy2jpMqNnio/TN7o-WO1y1I/AAAAAAAABZM/M11uF6RsO3M/s1600/muslim-attack-goat.jpg << i googled buttsex with a goat and that's what it gave me

mircea_popescu: i was thinking about finance and jam jars.

mircea_popescu: somehow this is what came out

mircea_popescu: gotta bear in mind i'm unembarassable, which may be a required feature.

mircea_popescu: why does seth godin look like a total retard/faggot these days ?

mircea_popescu: nm.

mircea_popescu: anyone's an expert these days

mircea_popescu: lol

mircea_popescu: lol

mircea_popescu: kakobrekla : to quote my commenters, "You seem to be stark raving mad."

mircea_popescu: if anyone is watching s.mg : http://polimedia.us/trilema/2013/bad-error-messages-good-error-messages/#comment-93784

mircea_popescu: lol pankkake would like some furry ass-icks ?

mircea_popescu: https://bitcointalk.org/index.php?topic=247640.0

mircea_popescu: ThickAsThieves iirc he doesn't take very much, and scams people on ripple to make mad crazy .5 btc profits

mircea_popescu: https://bitcointalk.org/index.php?topic=235823.0

mircea_popescu: hanging on teh forum is a bad habit entirely.

mircea_popescu: still, it's sort of like the zoo.

mircea_popescu: gotta keep in touch with nature.

mircea_popescu: mjr : prolly bugpowder.

mircea_popescu: davout when did froggies become aryans ?!

mircea_popescu: o i c

mircea_popescu: lol

mircea_popescu: ;;ticker

mircea_popescu: it's probably more related to gold/silver getting fucked.

mircea_popescu: mjr_ which one you mean ?

mircea_popescu: yeah

mircea_popescu: and (strike-x)/strike

mircea_popescu: but they are all capped at 0. positive only.

mircea_popescu: yea

mircea_popescu: no.

mircea_popescu: abs (2-4) is 2 whereas the proper value is 0.

mircea_popescu: yes

mircea_popescu: imsaguy dun hate >D

mircea_popescu: nope.

mircea_popescu: . The value of destroyed items (such as principally food, which will be required for all players) will instead cover game development and operational costs.

mircea_popescu: it's right in there you know, the 2nd paragraph of point i

mircea_popescu: ;;getrating BTC0xygen

mircea_popescu: ;;getrating BTCOxygen

mircea_popescu: if you mean the rpg, here http://polimedia.us/trilema/2013/statements-regarding-the-mmorpg-under-development-i-v/

mircea_popescu: there's a sort-of subscription cost.

mircea_popescu: jborkl notably actually there's two of them here, one with an o one with a 0

mircea_popescu: yes thestringpuller.

mircea_popescu: the catch is that higher powered players will probably want the higher powered effects of food, and thus subscription for leet ppl will be higher than subscriotion for noobs.

mircea_popescu: whyssat ?

mircea_popescu: yes, you trade and craft it.

mircea_popescu: nope.

mircea_popescu: there are no bound items in general, that's bullshit/nonsense made by bad designers

mircea_popescu: to try and stem the tide

mircea_popescu: anyway, re food : you can live your entire life on iron rats.

mircea_popescu: it's just if you want tio have a bottle of elven wine or w/e, well... it's gonna cost you more. deal with it or else go back to springwater

mircea_popescu: sorta like irl, you can live on army rations just fine.

mircea_popescu: ah

mircea_popescu: sure.

mircea_popescu: many will try, few will succeed, life moves right on

mircea_popescu: what you mean by emergence ?

mircea_popescu: mjr_ yes.

mircea_popescu: it;'s for bitcoin ffs. how else ?

mircea_popescu: thestringpuller im of a diff philosophy. it's not my job to micromanage the player/make poaths etc.

mircea_popescu: it's my job to crerate a level playing field.

mircea_popescu: right

mircea_popescu: exactly the idea.

mircea_popescu: probably taken to extremes as players will be able to create their own code/gfx etc too

mircea_popescu: course they kinda suck at it so far, but hey.

mircea_popescu: mebbe in time

mircea_popescu: cool then

mircea_popescu: imsaguy the usual. blender. what have you

mircea_popescu: most of the code is open source anyway

mircea_popescu: so apparently the forum has a hole in it allowing acct hijacks

mircea_popescu: imsaguy eventually.

mircea_popescu: most of the game content will depend on the playerbase in-game building towards it.

mircea_popescu: as in finding recipes and whatnot.

mircea_popescu: for one, yes, resources in the ground.

mircea_popescu: but if you want the nice sword the orcs have either you trade with them

mircea_popescu: or else bash them, steal the swords, copy the design

mircea_popescu: then enjoy being an orc cocksock.

mircea_popescu: yes.

mircea_popescu: well actually, the idea is all towns will be player made/controlled

mircea_popescu: so will be various means of transportation (roads, teleports, what have you)

mircea_popescu: thestringpuller i was invited in the beta of eq2 and wow - they came out about the same time

mircea_popescu: they both sucked, imo. quit before they opened for public

mircea_popescu: esp the eq crafting system was retarded.

mircea_popescu: well the wow too, but from wow i didn't expect anything

mircea_popescu: blizzard never got crafting, fuck the horadrim cube.

mircea_popescu: so ?

mircea_popescu: i don't argue that.

mircea_popescu: but if you want to be a d2 crafter... gl lol

mircea_popescu: s.mg june statement if anyone wants to weigh in on btc accounting standards >> http://polimedia.us/trilema/2013/smg-june-2013-statement/

mircea_popescu: yes.

mircea_popescu: davout cause i figured this is much shorter, easier to read and easier to comprehend by even moderately literate business ppl.

mircea_popescu: do you think anything gets hurt ?

mircea_popescu: thestringpuller how do you mean ?

mircea_popescu: depends on the game, really.

mircea_popescu: which is frustratingly vague, yes, i know

mircea_popescu: hehe k

mircea_popescu: it's negotiable in the following sense. you have a game which we suppose agree took 1k btc to make. if we agree it's sensible i spend 1k btc pushing it then i expect half the revenue.

mircea_popescu: if we agree it makes no sense to spend over 100 btc then i want something like 10%

mircea_popescu: the numeric application is only there to make the point

mircea_popescu: what i like makes no difference, this is biznis neh ?

mircea_popescu: davout you perhaps jhave a good point here

mircea_popescu: davout you figure turn the present "accounts" thing into more of a normal balance ?

mircea_popescu: okay. i kinda have to ditch the start/change/end format then,

mircea_popescu: but i guess that's kind of redundant anyway

mircea_popescu: thestringpuller 1880s ?

mircea_popescu: davout well the best that has it all is the 500 page ifrs

mircea_popescu: i don't think 500 page reports are actually useful in btc atm

mircea_popescu: hm

mircea_popescu: may i bitch ?

mircea_popescu: davout http://polimedia.us/trilema/2013/smg-june-2013-statement/

mircea_popescu: how do you like that ?

mircea_popescu: as they say in washington dc,

mircea_popescu: fuck you, pay me.

mircea_popescu: do you perhaps want me to add charges for the warrants too ?

mircea_popescu: ya well, i can't make 12 columns as i don't want to turn my blog into an aicraft carrier

mircea_popescu: not synonims, no

mircea_popescu: but no difference either.

mircea_popescu: capital is usually short for operating capital

mircea_popescu: that's nonsense, as the shareholders aren't owed any btc.

mircea_popescu: yes it is

mircea_popescu: but an equitable point, rather than an owed debt

mircea_popescu: we're aguing incredibly fine points of legalese.

mircea_popescu: basically the shareholders have no title claim to the capital they put in

mircea_popescu: but merely an equitable claim

mircea_popescu: in the simplest translation of common law that even a napoleonic lout might get, they don't have tyhe right to THAT capital. just to something equivalent, as practicable.

mircea_popescu: the distinction comes fromwhether you can claim to be given THE lost sheep, or A sheep in place of THE sheep.

mircea_popescu: something like that yes.

mircea_popescu: it has plenty of implications.

mircea_popescu: technically speaking they should be in the accounts as they're a materially different situation than simply not existing

mircea_popescu: exactly HOW you account for outstanding warrants however...

mircea_popescu: right to acquire shares at specified price after specified date.

mircea_popescu: exactly.

mircea_popescu: ty ty

mircea_popescu: yes. for instance, it could suck.

mircea_popescu: bought at the price. having a warrant for 1 share at 1 btc means you pay 1 btc get the share

mircea_popescu: the only catch is that the par value of that share by then MAY be higher

mircea_popescu: the former.

mircea_popescu: basically, the us govt bonds are in fact us govt stock warrants

mircea_popescu: whenever they come due they just issue more dollarsd and pay

mircea_popescu: ok :)

mircea_popescu: there may be nothing to provision in that perspective, however,

mircea_popescu: it could be argued that a company with issued sws is worth less than the same w/o having issued them

mircea_popescu: this has to be accounted as this is the point of accountingh

mircea_popescu: that yes.

mircea_popescu: anyway. i did include a disclosure, so.

mircea_popescu: right.

mircea_popescu: management holds a shitton of warrants in the first place

mircea_popescu: which kinda hedges the entire thing

mircea_popescu: well... one of the advantages of management getting ssws in the first place.

mircea_popescu: well, play out an example for me.

mircea_popescu: ok. company A has 100 shares issued, of which managwement owns 10. company A has 100 shares issued as sws to mnanagement

mircea_popescu: now what's management to hedge re its 10 issued shares ?

mircea_popescu: exactly.

mircea_popescu: so the issuing of sws to managemend hedges against this situation you described

mircea_popescu: as IPO issued yes.

mircea_popescu: i imagine exactly the contrary.

mircea_popescu: how do you fiugre ?

mircea_popescu: well, if share value drops management has nothing.

mircea_popescu: if share value doubles management realises half that gain, investors the other half

mircea_popescu: simple example : A and B meet to make a fishery. A contributes 100 BTC gets 100 shares, B is going to fish, gets 100 sws at 1.

mircea_popescu: if at the end the fishery is worth 200 btc,

mircea_popescu: then B brings 100 btc in, gets his 100 shares, and now a 300 btc corp is divided to 200 shares

mircea_popescu: each getting 150 and going home

mircea_popescu: was the idea anyway

mircea_popescu: lol

mircea_popescu: pque amortissements au fin d'un interval non ?

mircea_popescu: actually let's switch back to english, ppl will be trying to translate your frogspeak for no avail

mircea_popescu: because i'm of the school that the respective charge belongs in month 2 and is reported in month 2

mircea_popescu: as in, amortisation only after a FULL period

mircea_popescu: if its after a full period it can;'t be reported in the respective period

mircea_popescu: i could prorate, i just don't see that i'd have to.

mircea_popescu: because if you liquidate today you have a server worth x

mircea_popescu: and if you liquidate in 6 months you have a server worth x/2

mircea_popescu: lol

mircea_popescu: cause i got it for a year.

mircea_popescu: yes ?

mircea_popescu: that sounds a little nutty. what's leasing in this approach ?

mircea_popescu: and what's "forever" mean.

mircea_popescu: the later

mircea_popescu: benkay yeah. because i don't want to be stuck with one year odl boxes.

mircea_popescu: they go on to run shared servers or w/e loosened out boxes do in this life.

mircea_popescu: actually... they probably end up sold to the government

mircea_popescu: well it is... for a year.

mircea_popescu: so i have a special knapsack where i keep the 0 value items ?

mircea_popescu: the rationale behind that separation between "tangibles" and "intangibles and goodwill" was that some items have a resale value. these are tangible.

mircea_popescu: some others do not or not necessarily. these are intangible.

mircea_popescu: davout yes it would be, at the cost of making a more extensive account plan than "cash", "type 1" and "type 2"

mircea_popescu: well arguably you can touch myserver

mircea_popescu: ...

mircea_popescu: well in this sense the house you own is not "yours" as you only have fee simple on it.

mircea_popescu: i own it, under a certain title.

mircea_popescu: yes i can

mircea_popescu: of course i can resell it. it's mine ><

mircea_popescu: right

mircea_popescu: ok, here's the concept. i spent some BTC.

mircea_popescu: these btc can't be taken as a one time charge, as they reflect a multi-period thing

mircea_popescu: it matches the amortisation just whine what are you whining about!

mircea_popescu: no but i mean, is there something lost ?

mircea_popescu: (i mean it matches the amortisation just fine*)

mircea_popescu: well it may grow to matter in time

mircea_popescu: one of the reasons im doing this is to sound out some sort of accounting/reporting scheme for nonzero asset companies

mircea_popescu: so the poring is much appreciated

mircea_popescu: as to the relevance :it's not just taxes. why should a shareholder that buys now get the benefit of an arbitrary charge for 1 year ?

mircea_popescu: tyvm. i'm trying to reinvent the wheel deliberately. both gaap and irfs suck.

mircea_popescu: yes, it does already exist

mircea_popescu: well let's look at it. company has 100 btc. it buys "the right to use a boat for 1 year" for 50.

mircea_popescu: what's the value of the company next month ? 50 + whatever it fished or 50 + whatever it fished + 50 * 11 / 12 ?

mircea_popescu: so that's the concept.

mircea_popescu: now, i agree this is at least attackable from a "standard accounting" perspective,

mircea_popescu: for a number of reasons. i just don't think they actually work.

mircea_popescu: yeah but the shit is, hosting is this complex fucking industry

mircea_popescu: wherein all sorts of weird constrainsts operate. like, nobody wants used gear. everyone wants to own geaer. nobody wants to pay for anything.

mircea_popescu: if i don't guarantee usage the provider won't open new boxes of gear for me.

mircea_popescu: if i do guarantee usage it makes no sense to pretend im paying monthly, and it actually helps his cash flow a ton to pay him upfront

mircea_popescu: etfc.

mircea_popescu: anyway, next month i'll charge domain names

mircea_popescu: these I OWN

mircea_popescu: and they will amortise over...

mircea_popescu: a year.

mircea_popescu: well wtf.

mircea_popescu: yeah. so you know... accounting gotta meet internet at some point.

mircea_popescu: ;;ticker

mircea_popescu: !t m ^oix

mircea_popescu: for srs.

mircea_popescu: <D

mircea_popescu: <bitcollapse> and bitinstant is now nothing more then a bad paypal it requires absurd ID requirements <<< details ?

mircea_popescu: "We have temporarily limited transactions in some locations, and we apologize for the inconvenience. "

mircea_popescu: heh. not list the locations. these people just won't fucking learn what open means already

mircea_popescu: that'd be because it's not a financial instrument.

mircea_popescu: it's game gold.

mircea_popescu: your DOLLARS however, ARE a financial instrument.

mircea_popescu: so stop trying to trade that shit for bitcoin and nobody cares about your id anymore.

mircea_popescu: yes, actually, you do.

mircea_popescu: this because dollars are shit.

mircea_popescu: try getting some cough medicine.

mircea_popescu: or a gun or a car

mircea_popescu: or a house or a hotel stay

mircea_popescu: or what-ever-the-fuck-else.

mircea_popescu: yes, they do.

mircea_popescu: just because you imagine your life currently works a certain way dun make it so.

mircea_popescu: the onl;y time they don't ask for your id when you're using dollars

mircea_popescu: is if they have it already.

mircea_popescu: this is what dollars are.

mircea_popescu: asciilifeform myeah.

mircea_popescu: bitcollapse no dude. buitcoin is treating dollars like the shit they are.

mircea_popescu: they didn't use to, on the grounds that maybe they're like bitcoin

mircea_popescu: guess what ? they aren;'t.

mircea_popescu: tada.

mircea_popescu: jesus he just won't get it will he.

mircea_popescu: ITS THE DOLLARS.

mircea_popescu: there's ~500000000 pages of regulations regarding the dollars.

mircea_popescu: what, people buy bitcoin for eur now ?!

mircea_popescu: yes, there is.

mircea_popescu: ;;google tax code

mircea_popescu: look. i'm not responsible for your 1915ish notions on regulation.

mircea_popescu: davout also try the cock.

mircea_popescu: au vin.

mircea_popescu: well... enjoy it while it lasts, like any other illusion

mircea_popescu: it's the other way around.

mircea_popescu: the regulations are as to the us dollars being useless, not as to bitcoin.

mircea_popescu: what's with this backwards view all the time

mircea_popescu: dude. THEY ARE NOT BEING APPLIED TO BITCOIN

mircea_popescu: why. why do people do this.

mircea_popescu: yes, there are. da fuck do you think aml kyc fym stand for ?

mircea_popescu: well admittedly fym stands for fuck your mother, but the rest.

mircea_popescu: eys. ie, transactions that involve DOLLARS

mircea_popescu: well this was fun but i gotta ignore him now

mircea_popescu: that's not 12 get out of here.

mircea_popescu: why ?

mircea_popescu: you probably also hate shaved mounds. pervs.

mircea_popescu: "o it looks fake"

mircea_popescu: btw davout you ever seen les tortillards ?

mircea_popescu: there's this scene, famished theatre company (incl two hawt soubrettes) in a train

mircea_popescu: with a bunch of peasants. they keep passing back and forth terrine and jambon and whatnot

mircea_popescu: teh artistes are starving

mircea_popescu: but they don't get any.

mircea_popescu: so it's sort of like bitcoin.

mircea_popescu: jesus gotta explain everything.

mircea_popescu: teh presumptious elite (ie, teh artists) got nothing. teh "peasants" actually got the goods.

mircea_popescu: they're passing it back and forth but only among themselves,

mircea_popescu: while teh artistes starve.

mircea_popescu: and talk all about how "bitcoin regulations", happily ignoring the fact that... nope. exactly the reverse.

mircea_popescu: outside of its ability to make people salivate.

mircea_popescu: unrelatedly : http://www.last.fm/music/Cadillac+Face/Stupid+Whore+EP

mircea_popescu: lol

mircea_popescu: i thought tintin was belge anyway

mircea_popescu: like... hm... bourvil ?

mircea_popescu: possibly the least awesome person i could think up

mircea_popescu: ya jcpham it's really the voices, we know.

mircea_popescu: what's the only prescription ?

mircea_popescu: the only prescription is more cuntgel.

mircea_popescu: lol reddit.

mircea_popescu: dude reddit is always infinitely retarded

mircea_popescu: of course it gets worse over any tiem interval.

mircea_popescu: http://pastebin.com/0qjfUCpj

mircea_popescu: i wonder if you could have a girl's head sewn in backwards so you can kiss her while fucking her in the ass.

mircea_popescu: ok, i rephrase. so you can taste her sweet tears while...

mircea_popescu: scaaaat man.

mircea_popescu: http://www.youtube.com/watch?v=3cnQCk0u49w

mircea_popescu: 10 fucking years ago we didn't even see the outrageous humour in it

mircea_popescu: what , still ?

mircea_popescu: yea we talked about it a few days ago iirc

mircea_popescu: boston eh ?

mircea_popescu: sounds shady.

mircea_popescu: kakobrekla http://polimedia.us/trilema/2013/bitbet-june-2013-statement/

mircea_popescu: boston is in mass

mircea_popescu: davout should i find my old article about it or you search on tyour own ?

mircea_popescu: http://polimedia.us/trilema/2012/probably-the-hottest-business-idea-of-the-moment-in-btc/

mircea_popescu: o look! it's from 2012

mircea_popescu: so many jabs i could be throwing in here

mircea_popescu: like... "is it written in ruby ?"

mircea_popescu: ok, does it use secret urls ?

mircea_popescu: is it a partnership with some french company ?

mircea_popescu: asciilifeform did who ?

mircea_popescu: davout i know the answer to that one

mircea_popescu: it starts with no and it ends with thing!

mircea_popescu: dude srsly. automated security ? what is this, star trek ?

mircea_popescu: asciilifeform no dude. i'm just entertaining a frenchman with bad food poisoning

mircea_popescu: he ate oysters a la parisienne in a scottish pub

mircea_popescu: well then how's it a product ?

mircea_popescu: but why rob us of all the fun meanwhile ?

mircea_popescu: aaaaahahaha

mircea_popescu: i knew it.

mircea_popescu: dude, ruby doesn't work. srsly.

mircea_popescu: it's like... for girls.

mircea_popescu: yes it killed my pony

mircea_popescu: but getting back on track, so i buy your product. now what.

mircea_popescu: so can telnet.

mircea_popescu: but not automatically ?

mircea_popescu: why is it auditing your db ?

mircea_popescu: so basically the security comes from using two separate machines

mircea_popescu: and it's unlikely an attacker will get tio mess with both

mircea_popescu: where x = your server + the machine you're running davoutd on

mircea_popescu: = 2

mircea_popescu: asciilifeform that was my next q, why not just run your code both places as is

mircea_popescu: davout what if there's a blockchain split ?

mircea_popescu: davout well how do you know my app isn't checking data

mircea_popescu: and who writes apps that don't check.

mircea_popescu: not to say your thing is necessarily useless, but i'd guess it's a part of what i linked rather than the other way around ya know ? :D

mircea_popescu: no dude. i mean an unhealed, enduring split like we had in march.

mircea_popescu: where people keep feeding you one-chain transactions and then request returns which you process as both-chains transactions

mircea_popescu: and then end up with a lot of single-chain useless coins presumably.

mircea_popescu: yea...

mircea_popescu: you're going to "imagine we use gpg to sign transactions on the client side so even if the attacker gets your server there's jack shit he can do as he can't enter arbitrary txs" ?

mircea_popescu: lol

mircea_popescu: well i guess we'll have to see this deployed.

mircea_popescu: it's there to be copied.

mircea_popescu: lol

mircea_popescu: my next words were

mircea_popescu: "the problem is teh "bitcoin experts" aren't smart enough to figure it out"

mircea_popescu: davout for instance that you can't use websites for btc.

mircea_popescu: ha! email confirmations are so 2011 mpoe you know

mircea_popescu: shit's a hassle to handle.

mircea_popescu: davout may work, as lo9ng as the auditors are trustable.

mircea_popescu: i can imagien nobody'd ever go in there.

mircea_popescu: yeah. prolly the right way ahead.

mircea_popescu: aww i thought that amc thing was supposed to be 25 or some shit

mircea_popescu: a a ok

mircea_popescu: Stardust sure.

mircea_popescu: ahaha

mircea_popescu: wait, undated ?

mircea_popescu: The Trust’s Sponsor is Math-Based Asset Services LLC. The Sponsor is a Delaware limited liability company formed on May 9, 2013, and is wholly-owned by Winklevoss Capital Management LLC.

mircea_popescu: Winklevoss IP LLC is the owner of and is licensing to the Sponsor such intellectual property.

mircea_popescu: Bugpowder wait a second. this is a preliminary filing

mircea_popescu: they'd buy the coins with what, their personal funds with a view to sell to this ?

mircea_popescu: that's illegal afaik

mircea_popescu: The NAV of the Trust is the aggregate value of the Trust’s assets less its liabilities (which include estimated accrued but unpaid fees and expenses). In determining the NAV of the Trust, the Trustee will value the price of the Bitcoins in the Trust Custody Account as determined by the relevant Blended Bitcoin Price. See “Overview of the Bitcoin Industry and Market” for a description of the operation of the Bitco

mircea_popescu: in exchange market (“Bitcoin Exchange Market”) from which prices are used to determine the Blended Bitcoin Price. The Trustee will determine the NAV of the Trust on each day the [EXCHANGE] is open for regular trading, (“Evaluation Day”) as promptly as practicable after 4:00 p.m.

mircea_popescu: lol ok, this is getting rejected.

mircea_popescu: The Trustee will terminate and liquidate the Trust if one of the following events occurs: the SEC determines that the Trust is an investment company ; the CFTC determines that the Trust is a commodity pool under the Commodity Exchange Act of 1936 ; the Trust is determined to be a “money transmitter” under the regulations promulgated by FinCEN

mircea_popescu: this is typical winklevoss filing.

mircea_popescu: also known as three year old style painting.

mircea_popescu: a lot of shit involved, a lot of paper ruined for no purpose

mircea_popescu: may be worth reading once it's complete,

mircea_popescu: but so far it just looks like a lot of copy pasting

mircea_popescu: and a spurious reference to Katten Muchin Rosenman

mircea_popescu: fun fact : the s-1 is an 8 page document

mircea_popescu: which is supposed to take ~1k hours of effort to complete.