mircea_popescu: two, technically.

mircea_popescu: pankkake so that's the end of havelock then.

mircea_popescu: ;;eauth mircea_popescu

mircea_popescu: ;;everify freenode:#bitcoin-otc:1ca25d63307a4c43316c160f03f3313ca3b609e411b15d2e2ebc05a0

mircea_popescu: ;;rate topace -3 Ran a fake exchange, scammed noobs out of thousands of BTC. See https://bitcointalk.org/index.php?topic=135035.msg3969507#msg3969507 for an example.

mircea_popescu: that makes 3 out of 3 for the 2nd batch.

mircea_popescu: looking forward to the inevitable 3rd batch, of course. which will be so very different, of course.

mircea_popescu: they're going for the gigavps scam.

mircea_popescu: the thing never paid dividends.

mircea_popescu: the entire bs is there to give idiots something to do with their time. "learn how to tapdance and then get your coupon for a chance to get an option to dance in front of the tv".

mircea_popescu: you know, rather than spending that same time hunting us down.

mircea_popescu: this is exactly what btc is not about.

mircea_popescu: asciilifeform was a canada-only btc/cad exchange

mircea_popescu: don't they charge the 1.5 both ways ?

mircea_popescu: they do mpex style one side only ?

mircea_popescu: so then .03

mircea_popescu: yes.

mircea_popescu: nubbins` poverty and managerial incompetence are always poor excuses. they claimed they were an exchange, and can compete. then they should be an exchange and compete,

mircea_popescu: rather than expect the public to donate thousands of btc to prop up their unwarranted pretensions and delusions.

mircea_popescu: it's called the gigavps scam for a reason.

mircea_popescu: you can do that with five cents and a copy of the pink sheets.

mircea_popescu: if i wanted my gold arbitrarily transformed into worthless paper i'd be a us citizen.

mircea_popescu: http://bitbet.us/bet/495/there-will-be-blood/

mircea_popescu: all three, you hear ?

mircea_popescu: tough one.

mircea_popescu: 7 deadly sins, 7 ways to win

mircea_popescu: 7 holy paths to hell (and your trip begins)

mircea_popescu: seven downward slopes... seven bloodied hopes... seven are your burning fires...

mircea_popescu: seven, your desires...

mircea_popescu: usagi was busy.

mircea_popescu: from the holy shit dept : https://pbs.twimg.com/media/BbZElwQCAAEzod-.jpg

mircea_popescu: KRS|Gotyawallet the ussoviet govt is running short on cash.

mircea_popescu: it's either this or no food stamps next week.

mircea_popescu: asciilifeform you know 40 years ago that'd have touched off a space race.

mircea_popescu: back when the beast still had some spunk in it.

mircea_popescu: so you know... this shangri-la you speak of ? where o where is it ?

mircea_popescu: orly.

mircea_popescu: sits, waiting, while china spends 20 years developing complete tactical superiority in every field.

mircea_popescu: are you aware the only reason the us army is not completely exterminated to the last man currently is that the chinese do not WANT to ?

mircea_popescu: guy that escaped to britain ?

mircea_popescu: ya ok.

mircea_popescu: KRS|Gotyawallet in the food stamps context ? the stealing of people's money by the usg.

mircea_popescu: asciilifeform hard angle to sell for all the people that were offered to buy still workjing nuclear subs.

mircea_popescu: so did it or didn't it ?

mircea_popescu: and after.

mircea_popescu: there are still people who figure germany had a decent shot in ww2.

mircea_popescu: which they do, inasmuch as they handling money can't be libertards, and a sliver of libertards believe everyone who's not equally retarded is a fascist

mircea_popescu: starting with their parents.

mircea_popescu: link or something ?

mircea_popescu: asciilifeform mining is not intended or designed to be a productive activity generally.

mircea_popescu: it's intended to approximately break even, which means most people will book a loss.

mircea_popescu: (which adds cosmic perspective to the mpex view of the world, imagine there exists another whole "Ecosystem" out there made principally out of companies whose business model is operating in a not profitable by design market, and those are 90%+ of the revenue)

mircea_popescu: anyway, people mine because if they don't mine then it's profitable

mircea_popescu: if they do hopwever it is not.

mircea_popescu: perfect cocktrap.

mircea_popescu: precisely.

mircea_popescu: mpoe-pr quoted buffett on the textile market to the forum until she fell over.

mircea_popescu: it isn't something that can be helped symbolically.

mircea_popescu: it's a really great way to use the market for a good purpose. in this case, we get the strongest blockchain money can buy.

mircea_popescu: other people's money.

mircea_popescu: this isn't that thio.

mircea_popescu: the similarity is superficial.

mircea_popescu: a tournament market, like typiocally the 1mn starlets waiting tables in hollywood is there to exploit labour. ☟︎

mircea_popescu: this system is here to exploit capital.

mircea_popescu: that's exactly what can't happen.

mircea_popescu: mining has to be "distributed", which means, it must remain unprofitable for large ventures.

mircea_popescu: i guess the two are synonyms in this context.

mircea_popescu: asciilifeform you're asking "how much worsening of italian delis would take for mobsters to abandon manhattan"

mircea_popescu: it will never happen, they will start shooting deli owners in the street.

mircea_popescu: pankkake i am one who believes every little guy mining is good.

mircea_popescu: asciilifeform https://bitcointalk.org/index.php?topic=201268.msg2121475#msg2121475 that's the story, if you care.

mircea_popescu: which is why small guys mining is good.

mircea_popescu: it's like farming.

mircea_popescu: (of course, in this perspective mega-bitcoin-corporations a la asicminer are small guys too)

mircea_popescu: KRS|Gotyawallet why do you think this is even a thing ?

mircea_popescu: noob makes random thread on btctalk five weeks ago. he's nobody and his thing doesn't exist.

mircea_popescu: russellthies Jr. Member, 5 posts : "I received an email from Jim on Dec. 3rd, regarding my 1.2 th/s order (541). At that time he told me that they were working on the final "board tweaks" and that if they were late it would be by a week or so."

mircea_popescu: noobs will be noobs.

mircea_popescu: KRS|Gotyawallet you can't "scam the scammer" because the scammer has enough fucking sense to respect the first rule of investing, which is, don't randomly sent btc.

mircea_popescu: that's the end of that.

mircea_popescu: anyway, there are instruments to handle these problem, as described http://trilema.com/2013/the-positive-market-effects-of-the-delivery-bet/

mircea_popescu: all people need to do is use them.

mircea_popescu: if they don't want to use them... why's that a problem.

mircea_popescu: KRS|Gotyawallet were you around back when primeasic showed and disappeared ?

mircea_popescu: http://trilema.com/2013/primeasic-most-likely-a-scam/

mircea_popescu: some prime investigative reporting by kakobrekla there.

mircea_popescu: this is why we don't care about such. noobs don't get to start businesses.

mircea_popescu: "people".

mircea_popescu: people know better than that.

mircea_popescu: noob starts business ? scam. end of discussion, no questuions asked. if he's a businessman he's known.

mircea_popescu: mining venture taking preorders and no delivery bet ? scam. no questions need to be asked or answered past "what's the link to your delivery bet"

mircea_popescu: gotta learn somehow, you know ?

mircea_popescu: not something you'd wish to do, really.

mircea_popescu: the irony embedded in the entire fucktard ecosystem (meaning, the noobs and those fleecing them) is that it really is quite self limiting and not particularly prosperous.

mircea_popescu: ie, being a scammer is not really so many steps about being a clueless noob.

mircea_popescu: not really, most situations evolve as boundless systems

mircea_popescu: that particularly is not true, the warrior forum is still running two or three major scams pioneered in 1995

mircea_popescu: just like the porn studios are still basically doing, boy meets girl, boy gets girl.

mircea_popescu: what else are they gonna do. once they're in porn they're in porn.

mircea_popescu: asciilifeform yes. it equals exactly "entitlement" spending by governments.

mircea_popescu: look at the us budget for each year, you'll know about how much the taxpayer is paying to support scammers.

mircea_popescu: what people ?

mircea_popescu: copumpkin it just had a bad month actually.

mircea_popescu: as it is shares don't really care.

mircea_popescu: that latest looks more like it was a sale

mircea_popescu: anyway, im off. catch you all later.

mircea_popescu: azoo no havelock company is legit,

mircea_popescu: havelock itself is run as a scam by scammers.

mircea_popescu: azoo sure. they reorganised as a entity run by "no one", recently. after which they allowed their largest company (virtex) to simply walk away from the investors

mircea_popescu: collected >4k btc this year, paid no dividends, is now gone.

mircea_popescu: otherwise, the statistical argument Duffer1 presents is sound. they never had a company that made investors a profit, and statisticallty they're batting the usual global scam exchange, -50% in 1/2 year.

mircea_popescu: Apocalyptic for any value of real that equals worthless.

mircea_popescu: oiknow :)

mircea_popescu: so read the contracts or w/e.

mircea_popescu: no.

mircea_popescu: also it's MPEx.

mircea_popescu: but to give you a proper sense of proportion : when s.dice delisted from mpex, it was actually announced it got sold off, rather than lie about it a la havelock. and then mpex investors got paid on the delisting.

mircea_popescu: this was someting a degree of magnitude larger, too.

mircea_popescu: because as far as bitcoin finance is concerned, mpex is now and always was a hefty 90% of it.

mircea_popescu: azi_ http://log.bitcoin-assets.com/

mircea_popescu: it's a company trying to make various gizmos. currently working on a gpg secure usb stick

mircea_popescu: http://trilema.com/category/snsa/ << you can read that set

mircea_popescu: "It is possible to do scrypt with a fpga, so that implies asic is possible too."

mircea_popescu: kinda funny

mircea_popescu: http://bitbet.us/bet/665/litecoin-ltc-to-over-1b-market-cap-before/ << lmao srsly ?

mircea_popescu: altcoins worth more than most us businesses now ?

mircea_popescu: defo. he premined a lot ?

mircea_popescu: BingoBoingo i know, i know. just pushing teh button a little :)

mircea_popescu: asic is not efficient, not really, cause you'll need to add memory bus and a bunch of clocking and so on

mircea_popescu: fpga + ram much better solution

mircea_popescu: unless you own a foundry, anyway.

mircea_popescu: BingoBoingo it's not that anyone forgot. it's that nobody of the idiots going for such things makes it long enough

mircea_popescu: so it's always new people falling for the scams.

mircea_popescu: KRS|Gotyawallet where's that ?

mircea_popescu: lol bitsharestalk ? srsly ?

mircea_popescu: lmao. fucktard.

mircea_popescu: "1) Mining based upon resource consumption results in centralization."

mircea_popescu: noob puts on pope hat, makes blood-curdingly stupid general statement with all the authority of stupidity.

mircea_popescu: anyway, to get back to the prev point, the way it usually works is like this : muppet (usually young, ambitious, socially marginal character) finds out about bitcoin.

mircea_popescu: within a day he's bouight some, and spends the next few days not sleeping enough and reading bullshit sources a la reddit.

mircea_popescu: within a week he's put most of his available cash into it, and is getting to a manic phase

mircea_popescu: consider : http://bitbet.us/bet/519/btc-network-difficulty-to-top-1b-before-2014/#c2087

mircea_popescu: so by now he's ripe for the plunder. makes some "investments" on the power of social proof, gets raped, gets depressed and gets to hear from all the (few) people in his life about how he failed again

mircea_popescu: after all, he ain't socially marginal for nothing, he's socially marginal because he has mental habits that don't promote success.

mircea_popescu: and that's all, it took three weeks. next month, new guy hears about bitcoin.

mircea_popescu: except he wouldn't take it.

mircea_popescu: mpoe-pr sells lithium soda. our noob is more likely to ignore her.

mircea_popescu: well some figure it out eventually.

mircea_popescu: upon rereading, KRS|Gotyawallet you realise "lmao fucktard" didn't mean you but the quoted kid.

mircea_popescu: internets be misinterpretable i tell ya.

mircea_popescu: so, pre-announcement :

mircea_popescu: mpoe-pr just completed a 3 month long project of going through the forum and picking out the places where she called out a scam, people called her fud and then it turned out she was right.

mircea_popescu: it's like a mile long, and i;ll be publishing it soon.

mircea_popescu: so prepare a large mug of coffee, set your poppers to poppin' corn etc.

mircea_popescu: Duffer1 not really.

mircea_popescu: she never called mpex stuff a scam, and that's everyone.

mircea_popescu: dja read the faq ?

mircea_popescu: well see, the idea is that people to whom it looks weird don't get to buy.

mircea_popescu: ha

mircea_popescu: well... they float, they got tits...

mircea_popescu: seems oddly apt as a symbol for finance.

mircea_popescu: people have been known to do that.

mircea_popescu: azoo you familiar with the concept of "qualiified investor" ?

mircea_popescu: aite.

mircea_popescu: it's still 30 btc.

mircea_popescu: yup.

mircea_popescu: qualified investor. technologically and financially.

mircea_popescu: luck always plays a part, in everythi8ng worth doing

mircea_popescu: but you're right, if you were here march-april 2012 you could have had one for free

mircea_popescu: some people did.

mircea_popescu: strangely enough, they all also knew one of python/perl/bash, had gpg sigs and are now rich.

mircea_popescu: so what i mean is... they still meet the quals, in spite of so much changing in the interim

mircea_popescu: funny how that works.

mircea_popescu: well... they're all rich except kako. he just drives very expensive cars.

mircea_popescu: hehe

mircea_popescu: http://trilema.com/2013/perfect-money-corrupts-absolutely/#comment-94017

mircea_popescu: check out this schmuck.

mircea_popescu: since summer with this.

mircea_popescu: but my point is... so some kid gets out of school in june and wants to become a man over the summer.

mircea_popescu: some try to get laid, others try to get rich

mircea_popescu: shouldn't he be back to writing homework by now ?

mircea_popescu: nah, it's hand written

mircea_popescu: yeah.

mircea_popescu: almost like the hand-run compiler.

mircea_popescu: ooooor, you could cock-power a dynamo

mircea_popescu: and use the ooze for coolant too.

mircea_popescu: internet epeen competition. "save the whales, power your compiler".

mircea_popescu: lol

mircea_popescu: except trilema is quite out of the box.

mircea_popescu: ya

mircea_popescu: ;p;

mircea_popescu: pankkake more like 10`000 times.

mircea_popescu: i see that, what i read is "i am a noob, hear my uninformed convictions and care enough about my worthless persona to set me straight"

mircea_popescu: as if it makes a difference, srsly.

mircea_popescu: imo that's a noob.

mircea_popescu: isn;'t that the definition ?

mircea_popescu: there's nothing new in this world except for the history you don't know.

mircea_popescu: pankkake yeah, noobs handle their ignorance differently. but still, how else do you know a noob's a noob ? by their ignorance.

mircea_popescu: i guess there's newbs and then there's noobs.

mircea_popescu: it is

mircea_popescu: and im halfway through this fucking thing.

mircea_popescu: it's 100kb ;/

mircea_popescu: it won't ever happen.

mircea_popescu: if they had the mental power to catch up they'd be doing better money than whatever foodstamps "the press" pays.

mircea_popescu: ayu[

mircea_popescu: bitcoin actually happens to be a two hump sifter.

mircea_popescu: i wasn't kidding when i said they're turning into niggers.

mircea_popescu: what bitcoin does is it meaningfully sepparates the population, and i see nobody credibly arguing for extending human status past the 2nd bump

mircea_popescu: asciilifeform no. because abstract algebra does not allocate resources

mircea_popescu: it went from "indicator light" (algebra) to "execution squad" (bitcoin)

mircea_popescu: quite different.

mircea_popescu: why is this a shiocker ? or in what perspective ?

mircea_popescu: you seen the pictures of spider;s webs made by high spiders ?

mircea_popescu: if the box ain't functioning, there's no guarantee you end up with a web. even a not working one.

mircea_popescu: pankkake you were saying a few days ago about being disgusted with ppl lauding scams just because they hope they get a little back ? where is it, i want to quote it.

mircea_popescu: yes it was on irc

mircea_popescu: i don't rly read the forum

mircea_popescu: lmao, so anything to avoid an actual delivery bet huh ? we make a fake bitbet out of forum paste & spit, pretend and pray.

mircea_popescu: http://trilema.com/2013/mpoe-pr-almost-two-years-in-the-swamp-an-anthology/

mircea_popescu: asciilifeform http://www.cs.mdx.ac.uk/research/PhDArea/saeed/ << the paper chorror references has mysteriously disappeared in tjhe meanwhile.

mircea_popescu: instead ? some gargle about inclusiveness.

mircea_popescu: nubbins` hollywood got nothin' on this.

mircea_popescu: lol

mircea_popescu: nah it was a coupla days before that i think

mircea_popescu: when it first dawned on you that

mircea_popescu: yup

mircea_popescu: edited.

mircea_popescu: doesn't seem likely.

mircea_popescu: haha

mircea_popescu: i think it varies.

mircea_popescu: asciilifeform ah yea. meant the earlier link

mircea_popescu: would horses lie ?

mircea_popescu: "The interpretation of the results of the above assignment test make me feel angry. I am not a teacher but I am confident that I can teach (in less than 15 minutes) any person smart enough to be admitted to a computer science class how to pass the above test. The results speak volumes about the utter ignorance of educators regarding the nature of human knowledge and how to acquire it. It is a tremendous act of injustic

mircea_popescu: e to blame the students and not the teachers. Now if a student is *unwilling* to learn the material then that is another question.

mircea_popescu: But to blame the poor education methods on students willing to acquire the knowledge is just ridiculous.

mircea_popescu: check out this guy. he's a teacher who feels able to help people fake the test,

mircea_popescu: and he imagines this means the conclusions of the test only show how desperately the world needs more teachers.

mircea_popescu: i suppose this is the original font of bureaucracy.

mircea_popescu: it's not so different from the conviction one can patent medicine,

mircea_popescu: which in the end boils right back into the old trunk of crafting the perpetuum mobile.

mircea_popescu: these folks will never relent.

mircea_popescu: inasmuch their problem is a relation to the self rather than to the world, the only way to have them relent is to change them

mircea_popescu: either back into anorganic matter, or else chinese re-education or w/e.

mircea_popescu: same thing.

mircea_popescu: incidentally, there is a good objection there : the example given seems very tilted toward people with experience in a C-like language.

mircea_popescu: "otherwise you need to use the 'code-cracking' part of your brain to try and infer a meaning from an unknown syntax."

mircea_popescu: as all cognitive tests, the one proposed measures more the bias of the tester than the subject.

mircea_popescu: asciilifeform incidentally, do you know the story of the kid who wouldn't pass physics exam ?

mircea_popescu: lemme see if i find this

mircea_popescu: http://www.snopes.com/college/exam/barometer.asp

mircea_popescu: you are wrong to imagine this problem can be solved by specification.

mircea_popescu: this is the exact equivalent of the "poorly specified bitbet bet" fallacy.

mircea_popescu: natural language does not allow specification, and most fields of interest for humans do not allow formal language.

mircea_popescu: so you've just moved the goalposts.

mircea_popescu: consider http://www.snopes.com/college/exam/choice.asp

mircea_popescu: hehe

mircea_popescu: lol

mircea_popescu: no.

mircea_popescu: possibly. many people involved in mining are from the "old world"

mircea_popescu: ie, russia, china etc.

mircea_popescu: googlish is hardly english

mircea_popescu: Hot Search: pumpkin baked cat butterfly KNC Bitfury Bitmine Avalon TMR

mircea_popescu: herp :D

mircea_popescu: diginforce is Gridseed total online sales agents, sales are now sold out yesterday, there is no development board conference

mircea_popescu: http://www.t3.com/news/the-pirate-bay-changes-domain-to-stay-ahead-of-the-law

mircea_popescu: y no namecoin

mircea_popescu: asciilifeform this is the first time a dns server has to handle 10gb of cruft to resolve a query.

mircea_popescu: well inasmuch as they don't really work for that which they are for, arguably it doesn't matter.

mircea_popescu: re-read what you just said o.o

mircea_popescu: im curious what the pirate bay browser will be like.

mircea_popescu: also just made them an offer to sponsor them, curious if they manage to find their way out of the paper bag.

mircea_popescu: asciilifeform it's not 10gb tho

mircea_popescu: sort-of

mircea_popescu: "I want to introduce myself. My name is Michael from Cloudhashing.com, and I have taken over the public relations work there after being one of their customers since August. I will be the only one writing from this account now. "

mircea_popescu: o.o

mircea_popescu: i have no idea dood, it's like complete chaos.

mircea_popescu: "hello i am your new waiter after eating here for three weeks i am now qualified to make food. the brainwashing is real good, please try it."

mircea_popescu: ;;eauth mircea_popescu

mircea_popescu: ;;everify freenode:#bitcoin-otc:ab62ac49dc6fe5b52726b421d41eb2c753a4056ad1457349660e8819

mircea_popescu: ok, so, major announcement :

mircea_popescu: bitcoin-central & mpex are proud to announce X.EUR, http://mpex.co/?mpsic=X.EUR

mircea_popescu: teh physically settled monthly euro future

mircea_popescu: it will start trading tomorrow.

mircea_popescu: yes.

mircea_popescu: ie, actual future, not bucket shop bs.

mircea_popescu: pizzaman1337 no, but you get euros in your bc acct.

mircea_popescu: jurov you can probably just subsign.

mircea_popescu: ie, ask YOUR customer to gpg sign THEIR bc acct.

mircea_popescu: and oversign that and ship it to davout

mircea_popescu: sup sundun_ ?

mircea_popescu: jurov i don't imagine they'd look too kindly on you fronting for ppl on your own acct anyway

mircea_popescu: sundun_ this chat is the heart and especially brains of btc finance. what do you need ?