assbot: [HAVELOCK] [PETA] 5 @ 0.0695 = 0.3475 BTC [+]
assbot: [MPEX] [S.MPOE] 10000 @ 0.0008022 = 8.022 BTC [-]
assbot: [HAVELOCK] [SFI] 1111 @ 0.00088977 = 0.9885 BTC [+] {8}
assbot: [HAVELOCK] [B.MINE] 29 @ 0.05282757 = 1.532 BTC [+] {4}
assbot: [HAVELOCK] [B.MINE] 10 @ 0.05395555 = 0.5396 BTC [+] {4}
assbot: [HAVELOCK] [B.SELL] 4 @ 0.06700004 = 0.268 BTC [-] {2}
assbot: [HAVELOCK] [B.EXCH] 2 @ 0.11950724 = 0.239 BTC [-]
assbot: [HAVELOCK] [B.SELL] 2 @ 0.0645 = 0.129 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05050051 = 0.101 BTC [-] {2}
assbot: [HAVELOCK] [AM100] 47 @ 0.006 = 0.282 BTC [+]
mircea_popescu: davout :
mircea_popescu: !t m x.eur
assbot: [MPEX:X.EUR] 1D: 0.00210539 / 0.00211955 / 0.00213452 (1350 shares, 2.86 BTC), 7D: 0.0019005 / 0.00205257 / 0.00213452 (2068 shares, 4.24 BTC), 30D: 0.0019005 / 0.00207896 / 0.00226762 (8527 shares, 17.73 BTC)
mircea_popescu: $vwap x.eur
mpexbot: mircea_popescu: X.EUR 1 day: average: 0.00211955 high: 0.00213452 low: 0.00210539 volume: 1350 btc: 2.861397 7 day: average: 0.00205258 high: 0.00213452 low: 0.0019005 volume: 2068 btc: 4.24473452 30 day: average: 0.00207897 high: 0.00226762 low: 0.0019005 volume: 8527 btc: 17.72735166
mircea_popescu: $depth x.eur
mpexbot: mircea_popescu: X.EUR Bids: ['450 @ 0.00212846', '2400 @ 0.0019005', '200 @ 0.00170512', '500 @ 0.00169213', '4200 @ 0.0016245']
mpexbot: mircea_popescu: Asks: ['450 @ 0.00213452', '450 @ 0.00220629', '432 @ 0.0025']
mircea_popescu: wao-ender i guess they'll call a general mobilisation again
mircea_popescu: maybe this time a different 1% shows
mircea_popescu: do it 50 times, it almost gets to strength.
assbot: [HAVELOCK] [PETA] 10 @ 0.06825 = 0.6825 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.053939 = 0.1079 BTC [+]
assbot: [MPEX] [S.MPOE] 7100 @ 0.0008022 = 5.6956 BTC [-]
assbot: [HAVELOCK] [B.MINE] 10 @ 0.052 = 0.52 BTC [-]
assbot: [HAVELOCK] [PETA] 3 @ 0.06822001 = 0.2047 BTC [-]
assbot: [MPEX] [FT] [X.EUR] 281 @ 0.00212846 = 0.5981 BTC [+]
KRS-One: .bait
ozbot: http://31.media.tumblr.com/tumblr_m437sxjpct1qk2vvro1_1280.jpg
KRS-One: http://i.imgur.com/IeMUwZP.jpg
KRS-One: how many times have we known old men like that lol
Dimsler: http://www.reddit.com/r/Bitcoin/comments/20iem7/the_bitcoin_network_costs_nearly_1_billion_a_year/
ozbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin
Dimsler: discuss
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05333326 = 0.16 BTC [+] {3}
tim-tams: ;;gettrust majinx
gribble: WARNING: Currently not authenticated. Trust relationship from user tim-tams to user majinx: Level 1: 0, Level 2: 10 via 9 connections. Graph: http://b-otc.com/stg?source=tim-tams&dest=majinx | WoT data: http://b-otc.com/vrd?nick=majinx | Rated since: Tue Jul 3 13:05:15 2012
mircea_popescu: no price is too high.
lnovy: price is too damn high!
Dimsler: mircea_popescu,
Dimsler: http://www.reddit.com/r/Bitcoin/comments/20iem7/the_bitcoin_network_costs_nearly_1_billion_a_year/
ozbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin
Dimsler: the real fatal flaw to bitcoin
Dimsler: is the distribution of new coins
Dimsler: and network costs
lnovy: electricity burned is almost directly transformed into network security which more or less directly affects price. The real problem and wasting is not with distributed mining but with nondistributed chain verification as this needs to be done by every participant indepently and every new member of network need to check whole chain. This is a problem that will kill ethereum very quicky as you are actually not paying transaction fee for inclusion i
assbot: [HAVELOCK] [B.EXCH] 8 @ 0.11950724 = 0.9561 BTC [-]
lnovy: I'm trying to fix this in my coin, releasing asap™ (and no, it's not a currency).
Dimsler: can i premine it?
Dimsler: lol
lnovy: it's will not be a storage of value, so feel free, but it's doomed to fail anyway, it's only a proof of concept same as huntercoin :)
lnovy: still... it will be a jaw dropper, you can bet on it
MisterE: if you want to fix the problem force miners to reclaim wasted heat
lnovy: that problem will fix itselfs by the market...
dub: whats amex opex like?
MisterE: so ahy hasn't it
lnovy: amex opex of what?
mircea_popescu: Dimsler if oyu say so.
mircea_popescu: dub american express does options nao ?
lnovy: oh, this amex :D
dub: ok so amex spent 2.8b opex last year
dub: they are fairly small as payment processors go right?
dub: Dimsler can parrot failed trollmemes all he likes
dub: wait, that might quarterly
Dimsler: well no
Dimsler: its a serious flaw
mircea_popescu: dub amex is one of the majors.
dub: smaller than visa and mc tho
mircea_popescu: nah larger. 33bn/8bn vs 10/2bn for visa
mircea_popescu: roughly same for mc, slighly lower, something like that.
dub: probably significantly skewed
mircea_popescu: amex actually employs like... twice as many ppl as mc/visa combined or some shit.
mircea_popescu: it's huge.
cazalla: why do t hey need that many employees?
lnovy: that reddit post kills itself in first two lines... it's like saying that cost of running banking system is equivalent to amount of fiat printed...
assbot: [MPEX] [S.MPOE] 17100 @ 0.00080132 = 13.7026 BTC [-]
mircea_popescu: da fuck do i know. better ask chenault
mircea_popescu: or w/e is the ceo by now
dub: probably to process a reciept for every bullet the USG buys
mircea_popescu: fuck me it's still chenault
mircea_popescu: he's in there since before greenspan o.o
dub: anyway having a tiny fraction of the costs of incumbents sure sounds like a serious flaw
dub: a Real Problem in the john kerry sense
mircea_popescu: a kerriblem
mircea_popescu: there's problems, see, and pros solve problems. then there's kerriblems, and kerry solves those.
assbot: [HAVELOCK] [AM1] 1 @ 0.6101 BTC [-]
lnovy: John Kerry is the problem, not the solution
assbot: [HAVELOCK] [AM100] 20 @ 0.00599999 = 0.12 BTC [-]
Mats_cd03: Amex is operating in the stone age
assbot: [HAVELOCK] [PETA] 2 @ 0.07 = 0.14 BTC [+]
mircea_popescu: apparently stone age is profitable enough.
dub: a US megacorp i worked for pushed an innordinant amount of what should have been internal txns out to amex
mircea_popescu: http://mobile.nytimes.com/2014/03/15/business/an-underling-among-the-officials-accused-of-fraud-at-dewey.html
mircea_popescu: dub primitive blockchain
dub: expect there is a lot of that going on, why run lean?
mircea_popescu: indeed.
assbot: [MPEX] [S.MPOE] 12200 @ 0.00080117 = 9.7743 BTC [-] {2}
mircea_popescu: turns out trusting the usg isn't a workable policy. who knew.
assbot: [MPEX] [S.MPOE] 5027 @ 0.00080587 = 4.0511 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 8123 @ 0.000807 = 6.5553 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 1 @ 0.6101 BTC [-]
assbot: [MPEX] [S.MPOE] 13250 @ 0.00080192 = 10.6254 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 28 @ 0.00359989 = 0.1008 BTC [+]
assbot: [MPEX] [S.MPOE] 19500 @ 0.00080713 = 15.739 BTC [+] {2}
MisterE: http://www.nydailynews.com/news/national/fla-man-arrested-sex-pit-bull-yard-report-article-1.1712069
MisterE: "OMG please stop"
MisterE: lol
Diablo-D3: [10:02:38] <dub> a US megacorp i worked for pushed an innordinant amount of what should have been internal txns out to amex
Diablo-D3: wat
MisterE: yea I caught that too
assbot: [MPEX] [S.MPOE] 7287 @ 0.00080743 = 5.8837 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 41 @ 0.00359989 = 0.1476 BTC [+]
assbot: [MPEX] [S.MPOE] 25150 @ 0.00080748 = 20.3081 BTC [+] {2}
Neil: Nobody's being forced to run the bitcoin network, hence no problem.
assbot: [HAVELOCK] [NEOBEE] 250 @ 0.0035 = 0.875 BTC [-]
assbot: [HAVELOCK] [AM100] 40 @ 0.006 = 0.24 BTC [+]
mircea_popescu: Neil you'll be surprised by how creatively "forced" can be interpreted by politics, in either direction.
mircea_popescu: "nobody is forced to talk to the da", as exemplified by my earlier link, for one side of the coin. "wage slavery" equals forcing people to x y z on the other.
assbot: [HAVELOCK] [AM100] 395 @ 0.006 = 2.37 BTC [+]
mircea_popescu: there's ample caselaw showing both the "putting a gun to your head does not constitute forcing you" argument and the "minding your own business and cultivating your own field amounts to forcing other people" argument.
mircea_popescu: "Other things being equal, the highest stock market prices relative to intrinsic business value are given to companies whose managers have demonstrated their unwillingness to issue shares at any time on terms unfavorable to the owners of the business."
mircea_popescu: http://www.berkshirehathaway.com/letters/1982.html buffett continues to deliver.
ozbot: Chairman's Letter - 1982
dub: Diablo-D3: wat wat
Diablo-D3: dub: how does that even happen
dub: meh its too hard to explain how the world works to someone thats never had a job
Diablo-D3: dub: what was the outcome of this
dub: of what
Diablo-D3: of that mistake
jcpham: http://www.reddit.com/r/Bitcoin/comments/20gkdx/legitimate_wager_300_bitcoins_vs_1_class_a_share/
ozbot: Legitimate Wager: 300 Bitcoins vs. 1 Class A Share of Berkshire Hathaway : Bitcoin
dub: im not following you
Diablo-D3: dub: what happened when the corp send the internal txns to amex
jcpham: apparently he backed out of class A shares
dub: Diablo-D3: nothing, its BAU.. I was offering a reason for why amex is 'larger' than processors with more footprint
Diablo-D3: ahh
mircea_popescu: http://bitbet.us/bet/777/berkshire-hathaway-brk-a-will-close-at-over-185k/
Diablo-D3: thought maybe amex got pissed or something
mircea_popescu: was it that ?
ozbot: BitBet - Berkshire Hathaway BRK-A will close at over $185k per share before July
mircea_popescu: haha look at that, reddit generates 200 comments worth 20k words for a 0.25 btc wager.
mircea_popescu: the wear&tear on the cheap chiense keyboards involved probably exceeds that figure.
dub: how much energy does reddit waste?
dub: thats a real problem
dub: if we ground up all the redditors and rendered them down for biomass..
mircea_popescu: you don't understand, they're making the world a better place.
mircea_popescu: if it wasn't for reddit you'd probably still be killing animals for meat
dub: we could at least run bitconi for a year and the world would only be half as retarded
mircea_popescu: and like... who knows what other perversions. talking to girls prolly.
dub: mom is girl tho rite?
mircea_popescu: only if trampstamped.
assbot: [MPEX] [S.MPOE] 15550 @ 0.00080653 = 12.5415 BTC [-]
dub: theres an alt concept for you. BitKony (2014)
jcpham: i found it funny he posted a reddit thread about putting your money where your mouth is....
jcpham: it's looks like 2 people took him up on it
jcpham: and suddenly he had no A, only B shares
jcpham: pretty terrible bet if you ask me
MisterE: Buffet doesnt get BTC
Mats_cd03: he has the one share i imagine
assbot: [MPEX] [S.MPOE] 500 @ 0.00080653 = 0.4033 BTC [-]
assbot: [HAVELOCK] [AM100] 40 @ 0.00600001 = 0.24 BTC [+]
assbot: [HAVELOCK] [B.SELL] 4 @ 0.0645 = 0.258 BTC [-]
assbot: [HAVELOCK] [PETA] 4 @ 0.07 = 0.28 BTC [+]
assbot: [HAVELOCK] [B.EXCH] 13 @ 0.11950724 = 1.5536 BTC [-]
assbot: [MPEX] [S.MPOE] 6950 @ 0.00080125 = 5.5687 BTC [-]
assbot: [HAVELOCK] [RENT] 200 @ 0.0051858 = 1.0372 BTC [-] {11}
assbot: [HAVELOCK] [MS] 80 @ 0.00438999 = 0.3512 BTC [-] {2}
LordPutin: havelock doing manual withdraws atm?
assbot: [MPEX] [S.MPOE] 3250 @ 0.00080116 = 2.6038 BTC [-]
assbot: [MPEX] [S.MPOE] 5275 @ 0.00080116 = 4.2261 BTC [-]
assbot: [MPEX] [S.MPOE] 11600 @ 0.00080043 = 9.285 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 12304 @ 0.00080018 = 9.8454 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.0536985 = 0.1074 BTC [+] {2}
assbot: [HAVELOCK] [B.MINE] 4 @ 0.05399967 = 0.216 BTC [+] {4}
assbot: [MPEX] [S.MPOE] 10900 @ 0.00079995 = 8.7195 BTC [-]
assbot: [HAVELOCK] [AM1] 4 @ 0.62165745 = 2.4866 BTC [+] {3}
assbot: [HAVELOCK] [AM100] 22 @ 0.00613716 = 0.135 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 4200 @ 0.00079906 = 3.3561 BTC [-]
assbot: [MPEX] [S.MPOE] 14100 @ 0.00079984 = 11.2777 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 5700 @ 0.00080064 = 4.5636 BTC [+]
assbot: [MPEX] [S.MPOE] 21650 @ 0.00080137 = 17.3497 BTC [+] {4}
assbot: [HAVELOCK] [DEALCO] 463 @ 0.00460828 = 2.1336 BTC [-] {18}
moiety: how close to all womenz is ozbot?
assbot: [MPEX] [S.MPOE] 35950 @ 0.000799 = 28.7241 BTC [-] {3}
assbot: [HAVELOCK] [B.SELL] 4 @ 0.06401085 = 0.256 BTC [-] {3}
Neil: ;;bc,stats
gribble: Current Blocks: 290804 | Current Difficulty: 4.2502179198695354E9 | Next Difficulty At Block: 292319 | Next Difficulty In: 1515 blocks | Next Difficulty In About: 1 week, 2 days, 8 hours, 26 minutes, and 40 seconds | Next Difficulty Estimate: 4609059944.38 | Estimated Percent Change: 8.44291
Neil: ooh
assbot: [HAVELOCK] [NEOBEE] 701 @ 0.0035 = 2.4535 BTC [+] {2}
Neil: gribble lowballing a tad but it's tight
Neil: The Bastille day bet could become a big upset
assbot: [MPEX] [S.MPOE] 419 @ 0.00080117 = 0.3357 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1524 @ 0.00342241 = 5.2158 BTC [-] {7}
assbot: [HAVELOCK] [NEOBEE] 5941 @ 0.00312251 = 18.5508 BTC [-] {37}
assbot: [MPEX] [S.MPOE] 2400 @ 0.00080117 = 1.9228 BTC [+]
assbot: [MPEX] [S.MPOE] 17650 @ 0.00079886 = 14.0999 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 214 @ 0.0031 = 0.6634 BTC [-] {3}
assbot: [HAVELOCK] [AM100] 100 @ 0.006 = 0.6 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 29906 @ 0.00080206 = 23.9864 BTC [+] {4}
assbot: [HAVELOCK] [AM100] 226 @ 0.006 = 1.356 BTC [-]
assbot: [HAVELOCK] [B.MINE] 7 @ 0.05260571 = 0.3682 BTC [-] {3}
assbot: [HAVELOCK] [B.SELL] 15 @ 0.0645 = 0.9675 BTC [+]
lnovy: http://youtu.be/31g0YE61PLQ <- bulls on bitstamp
ozbot: The Office- Michael Scott No God No - YouTube
assbot: [MPEX] [S.MPOE] 21600 @ 0.00080005 = 17.2811 BTC [-] {2}
assbot: [HAVELOCK] [B.MINE] 27 @ 0.05109629 = 1.3796 BTC [-] {4}
assbot: [HAVELOCK] [B.SELL] 20 @ 0.06511996 = 1.3024 BTC [+] {6}
KRS-1: lol Michael Scott
assbot: [MPEX] [S.MPOE] 44240 @ 0.00079857 = 35.3287 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 7950 @ 0.00080323 = 6.3857 BTC [+]
assbot: [MPEX] [S.MPOE] 6242 @ 0.00080333 = 5.0144 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 8700 @ 0.00080413 = 6.9959 BTC [+]
assbot: [MPEX] [S.MPOE] 15150 @ 0.0008055 = 12.2033 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 4381 @ 0.00080715 = 3.5361 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 321 @ 0.00336241 = 1.0793 BTC [+] {5}
assbot: [HAVELOCK] [PETA] 84 @ 0.06811067 = 5.7213 BTC [-] {12}
assbot: [MPEX] [S.MPOE] 4550 @ 0.00080336 = 3.6553 BTC [-] {2}
assbot: [HAVELOCK] [B.SELL] 40 @ 0.06699 = 2.6796 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 80 @ 0.00348436 = 0.2787 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 16481 @ 0.00080426 = 13.255 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 16050 @ 0.00080288 = 12.8862 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 40 @ 0.00331001 = 0.1324 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 22312 @ 0.00080162 = 17.8857 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 5750 @ 0.00079915 = 4.5951 BTC [-]
balulasch: hello
balulasch: I visited bit777.com 2 days ago and looked at the total wagered Bitcoins. Cant remember the exact number but as I visited today I could swear that the number was at least 10,000BTC higher. This means there must be a very huge volume. Considering the fact that bit777 is the property of casinobitco.in makes the companys stock worth on havelock seem heavily underrated imho.. I'm waiting for the new 2weekly statement like how I
balulasch: any thoughts on this?
BingoBoingo: Cake is tasty
assbot: [HAVELOCK] [CBTC] 19200 @ 0.00014999 = 2.8798 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 17400 @ 0.00079758 = 13.8779 BTC [-] {2}
balulasch: lol seems like someone reacted
assbot: [MPEX] [S.MPOE] 7750 @ 0.00079659 = 6.1736 BTC [-] {2}
mircea_popescu: soo today is going to be a big news day.
assbot: [HAVELOCK] [AM1] 1 @ 0.61000001 BTC [-]
balulasch: mircea what are you referring to?
dub: pulling the plug on mpex ponzi
assbot: [MPEX] [S.MPOE] 15650 @ 0.00079551 = 12.4497 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 1951 @ 0.00330923 = 6.4563 BTC [-] {6}
assbot: [HAVELOCK] [NEOBEE] 948 @ 0.00320167 = 3.0352 BTC [-] {7}
assbot: [MPEX] [S.MPOE] 10900 @ 0.0007951 = 8.6666 BTC [-] {2}
balulasch_: collective hangover
balulasch_: collective coma
balulasch_: what
assbot: [HAVELOCK] [PETA] 2 @ 0.06999998 = 0.14 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 44 @ 0.00338159 = 0.1488 BTC [+] {4}
LordPutin: Mark Karpelas was on mh370?
balulasch_: yes
assbot: [MPEX] [S.MPOE] 5100 @ 0.0007991 = 4.0754 BTC [+]
Neil: LordPutin: lol
assbot: [MPEX] [S.MPOE] 26143 @ 0.00080088 = 20.9374 BTC [+] {4}
mircea_popescu: ;;tslb
gribble: Time since last block: 10 minutes and 36 seconds
ThickAsThieves: what's the big news?
balulasch_: cbtc's 2weekly report will be big news
mircea_popescu: gimme a minute eh.
assbot: [MPEX] [S.MPOE] 1256 @ 0.00080451 = 1.0105 BTC [+]
ThickAsThieves: pump moar
balulasch_: hope they will release it today even though its sunday
Duffer1: z
Duffer1: er
Duffer1: zzzzz
ThickAsThieves: maybe they'll release it yesterday
ThickAsThieves: wouldnt that be awesomer?
balulasch_: no
balulasch_: bought my shares today
Duffer1: i'm sorry to hear that
Duffer1: buy rumor sell news
balulasch_: why do i never get an answer that makes any sense
ThickAsThieves: responses are in kind
balulasch_: just read a lot of the channels log aswell
Duffer1: it's good that you're hear though
balulasch_: bs talk all the way
ThickAsThieves: how long did it take?
balulasch_: can someone recommend me some useful irc channels?
ThickAsThieves: #altcoin
ThickAsThieves: #mtgox
Duffer1: you can hang around and try to avoid catastrophic losses i suppose
balulasch_: on freenode?
assbot: [MPEX] [S.MPOE] 14050 @ 0.00080449 = 11.3031 BTC [-] {2}
Duffer1: any other channel should suffice otherwise
nubbins`: <balulasch_> bs talk all the way <<< lel he's right ;(
Duffer1: well ya but there's good bits too :P
ThickAsThieves: yeah but bs is just the style of the conversation
ThickAsThieves: so much context in it tho
ThickAsThieves: i guess it's that "variety speak"
Duffer1: indeed
assbot: [HAVELOCK] [NEOBEE] 246 @ 0.00320465 = 0.7883 BTC [-] {7}
mircea_popescu: ;;tslb
gribble: Time since last block: 32 minutes and 34 seconds
mircea_popescu: jesus fuck which of you broke bitcoin
ThickAsThieves: i'll try rebooting
ThickAsThieves: mp's big news is that bitcoin is hacked, he;s just waiting for his coins to clear
Apocalyptic: heh
ThickAsThieves: maybe he finally bought Rift
assbot: [MPEX] [S.MPOE] 2950 @ 0.00080417 = 2.3723 BTC [-]
Apocalyptic: why would he wait for a tx to clear then ?
mircea_popescu: dude how does this shit work. 35 minutes for a block, then 3 blocks in 3 minutes.
ThickAsThieves: ;;tslb
gribble: Time since last block: 1 minute and 6 seconds
ThickAsThieves: blame the Real Nigga God
Duffer1: LOL
assbot: [MPEX] [S.MPOE] 30550 @ 0.00080591 = 24.6206 BTC [+] {3}
nubbins`: http://www.cbc.ca/news/canada/montreal/march-against-police-brutality-declared-illegal-broken-up-1.2574163
ozbot: March against police brutality declared illegal, broken up - Montreal - CBC News
nubbins`: didn't see that coming
assbot: [HAVELOCK] [AM100] 195 @ 0.0060001 = 1.17 BTC [+]
assbot: [HAVELOCK] [AM1] 4 @ 0.62084749 = 2.4834 BTC [+] {4}
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0033 = 0.33 BTC [+]
assbot: [HAVELOCK] [AM100] 500 @ 0.006 = 3 BTC [-] {3}
assbot: [HAVELOCK] [AM100] 600 @ 0.006 = 3.6 BTC [-]
assbot: [MPEX] [S.MPOE] 17898 @ 0.00080835 = 14.4678 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 6 @ 0.62186666 = 3.7312 BTC [+] {4}
mircea_popescu: http://trilema.com/2014/an-era-ends-today-a-new-era-starts-today/
ozbot: An era ends today. A new era starts today. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: that's the big news
mircea_popescu: (still your fluttering hearts, it's nothing bad)
mircea_popescu: also if anyone wants to put it on reddit (and thanks jcpham for mentioning the lulzy reddit "bet", he inspired me)
ThickAsThieves: interesting
ThickAsThieves: i just threw 5 on it too
mircea_popescu: what, on yes ?
assbot: [HAVELOCK] [AM1] 4 @ 0.612755 = 2.451 BTC [-] {3}
mircea_popescu: ;;tslb
gribble: Time since last block: 26 minutes and 24 seconds
mircea_popescu: check it out, again.
ThickAsThieves: it's hard there for a pimp
ThickAsThieves: out there*
mircea_popescu: somebody really should check out the block timing, there may be some sort of issue here.
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05239895 = 0.1048 BTC [+] {2}
balulasch_: why? i dont see any problem with that
mircea_popescu: balulasch_ can you calculate the odds of a block taking 30 minutes to solve ?
mircea_popescu: dubsy why haet.
ThickAsThieves: http://www.youtube.com/watch?v=TP8RB7UZHKI
ozbot: 3-year-old Mateo Makes His Case for Cupcakes: "Linda, honey, just listen." - YouTube
balulasch_: no idea
mircea_popescu: balulasch_ re the cbtc bs : https://bitcointalk.org/index.php?topic=465334.0
mircea_popescu: bullshit corp made out of bullshit, worth ~the going rate for bullshit in your jurisdiction.
assbot: [HAVELOCK] [AM1] 2 @ 0.612001 = 1.224 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 10220 @ 0.00086345 = 8.8245 BTC [+] {2}
chetty: TAT I saw that video couple days ago, nothing cute about it
ThickAsThieves: hater
balulasch_: do you think the total wagered coins on bit777 main page are made up?
balulasch_: if not
balulasch_: stock price will double later today
ThickAsThieves: i hope he hope his cheated-on wife makes a similar video in 20 yeards
mircea_popescu: http://www.youtube.com/watch?v=mvZgwtpPmLY
ozbot: blues brothers - sell me your children - YouTube
mircea_popescu: moar bettar.
ThickAsThieves: balulasch_ I take it you're the one with the 35k-share ask wall on CBTC
ThickAsThieves: well, not a "wall"
ThickAsThieves: but
ThickAsThieves: yknow
balulasch_: 2014-03-16 07:01:1318756฿0.00015000฿2.8134
balulasch_: that was me
ThickAsThieves: pumping your stock in here won't move the price
ThickAsThieves: try trollchat or something
balulasch_: im just asking for opinions
mircea_popescu: !t h cbtc
assbot: [HAVELOCK:CBTC] 1D: 0.00014500 / 0.00014974 / 0.00015992 (23741 shares, 3.55508111 BTC), 7D: 0.00009900 / 0.00014508 / 0.00018799 (193380 shares, 28.05464854 BTC), 30D: 0.00009900 / 0.00018188 / 0.00024990 (1108845 shares, 201.67261943 BTC)
mircea_popescu: what did it ipo at anyway, was it 2 ? or 1 or what ?
balulasch_: 12
ThickAsThieves: it'd take about 200btc to double the price
mircea_popescu: yeah well. tell them to start making proper reports and stop with the nonsensical "we are great ra ra ra" bullshit,
mircea_popescu: maybe they have a chance to matter in a year or w/e.
Neil: Oh dear; I now have 12 months of loading bitbet to see Berkshire Hathaway at the top.
ThickAsThieves: lol
mircea_popescu: lol
ThickAsThieves: kinda an important observation
mircea_popescu: you never know when a diff bet comes and swoops the top spot you know ?
ThickAsThieves: sets the tone for any new visitor
ThickAsThieves: for better or worse
mircea_popescu: so far 1000:1 odds lol
balulasch_: https://drive.google.com/folderview?id=0B2SWZWkGJ1V3UEo0Q0lESk5nd0k&usp=sharing
ozbot: CasinoBitco.in - Public
Neil: Gotta say despite the odds I'm not gonna bet No on that one.
balulasch_: new 2weekly report coming soon
mircea_popescu: Neil nuts.
mircea_popescu: i mean i fully understand you, but from an "outside" perspective, right ? fucking nuts.
mircea_popescu: perhaps this is the best line to explain to noobs why bitcoin is so powerful :
mircea_popescu: "honey, there's a 1000:1 bet that berkshire will outperform bitcoin in 2014, and i'm not taking it"
Neil: You mean, if you're not a bitcoin believer? Then yeah. But I'm quite confident BTC will outperform Berkshire.
mircea_popescu: kinda why the article is adressed to the would-be financiers of wallstreet and generally the world's pretend-bankers.
ThickAsThieves: it also has to outperform USD inflation
Neil: Unfortunately those who don't believe in bitcoin will not have bitcoin to spend on the bet :)
mircea_popescu: none of them will make 1k btc in 2014. so why aren't they ?
mircea_popescu: "they choose not to run", perhaps ?
Neil: Or will say their winnings will be near-worthless, yadda yadda.
assbot: [HAVELOCK] [AM100] 449 @ 0.006 = 2.694 BTC [-]
mircea_popescu: no resources, no skill, no talent, no ability, no brains, perhaps ?
ThickAsThieves: the excuse will be, I don't wanna have to buy bitcoins to bet against bitcoin
mircea_popescu: derp.
Neil: Would be funny if Buffett bet 1k BTC on the other side tho.
mircea_popescu: ThickAsThieves anyway, that's the genius of it :D
Neil: I'd join in then.
assbot: [HAVELOCK] [B.MINE] 2 @ 0.052399 = 0.1048 BTC [+] {2}
mircea_popescu: Neil so mail him.
ThickAsThieves: and Buffet would say of this bet, "The bet is a perfect example of why Bitcoin is a bad investment, it is speculation and gambling at its purest!"
chetty: purity :D
mircea_popescu: "no intrinsic value in this bet"
mircea_popescu: ThickAsThieves oddly, he doesn't say the same of government-sponsored transfer of wealth from the middle class to the lower class. that's fine, iho.
ThickAsThieves: well he can only lean on the inertia of BRK so hard til it falls over
ThickAsThieves: in less than a year I learned a bunch of stuff about Buffet, and then the first letter I get to read as it is release, reads like satire
ThickAsThieves: kinda surreal
ThickAsThieves: released*
mircea_popescu: indeed.
mircea_popescu: well, we should be so lucky to live to be our own parodies.
mircea_popescu: or perhaps not.
mircea_popescu: i guess the world is split in tow sorts of people : those who aspire to be so lucky to live to be our own parodies, and those who aspire to be so lucky to die before that.
ThickAsThieves: Yes is already a losing bet in BitBet calc, lol
mircea_popescu: lol
ThickAsThieves: i aalways thought most people lived as parodies of themselves
mircea_popescu: i guess that's also true...
mircea_popescu: btw, someone dump the trilema article on reddit will you ? i wanna see them writhe.
nubbins`: living as a parody of pop culture is more common
ThickAsThieves: it's a feedback loop
mircea_popescu: speaking of which "kardashian is a hobbit" sp kicked ass.
ThickAsThieves: not sure which is the chicken and which the egg
Duffer1: sp?
nubbins`: http://www.cbc.ca/news/canada/newfoundland-labrador/2-involved-in-apparent-stabbings-mum-rnc-investigate-1.2574735
ozbot: 2 involved in apparent stabbings mum, RNC investigate - Newfoundland & Labrador - CBC News
nubbins`: ^ my neighbourhood
mircea_popescu: south park
nubbins`: "police said neither of the men wanted to provide any further detail about the incidents"
Duffer1: oh man stick of truth was... wow
wao-ender: aspiration to quantum self-parody?
mircea_popescu: lol yea
ThickAsThieves: http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/
ozbot: Bitcoin Baron Bets Bitcoin Beats Berkshire : Bitcoin
ThickAsThieves: :)
mircea_popescu: lol ima gonna have to end up buying a barony in the end
mircea_popescu: ThickAsThieves nice pic. did you select it or did it autoselect ?
nubbins`: bitcoin bettor buys barony
ThickAsThieves: auto-pic
mircea_popescu: haha
mircea_popescu: holy shit that's an epic title anyway.
assbot: Last 10 lines bashed and pending review. (http://dpaste.com/1735504/plain/)
mircea_popescu: !b 10
nubbins`: bitcoin behemoth barony brouhaha bashed
ThickAsThieves: fwiw i watched the nethash decrease about 200TH over the past hour
ThickAsThieves: ;;tslb
gribble: Time since last block: 4 minutes and 15 seconds
mircea_popescu: ThickAsThieves https://twitter.com/Thick_AsThieves that you ?
Duffer1: trouble at mount asicminer?
ThickAsThieves: Not me
ThickAsThieves: appears t be London DJs
mircea_popescu: https://twitter.com/Mircea_Popescu/status/445212966003441664
ozbot: Twitter / Mircea_Popescu: Tremendously tittilating title ...
ThickAsThieves: Can you tell I've been reading TheRegister for more than a decade?
mircea_popescu: only if i look right at it.
Diablo-D3: [10:53:20] <ThickAsThieves> http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/
ThickAsThieves: my favorite is how all their Yahoo headlines have ! after every word
Diablo-D3: the only way that could have come out better is
mircea_popescu: yeah the ! is pretty good.
balulasch_: nice bet
Diablo-D3: bitcoin brony baron bets bitcoin beats berkshire
mircea_popescu: sort of insanely funny subdued lolz.
balulasch_: mircea_popescu did you set up this bet?
ThickAsThieves: balulaash, do you read?
mircea_popescu: Diablo-D3 but i'm not a brony. perhaps the only bitcoin veteran in this sad situation.
Diablo-D3: mircea_popescu: only b word I could think of
Diablo-D3: well one that'd increase views
balulasch_: cant believe someone bet 1000btc on this
mircea_popescu: which reminds me, when i was a kid there was this wrestler dubbed bam bam biggelow
ThickAsThieves: i remember him
Diablo-D3: that was a looooooooooooong time ago
Diablo-D3: that was like, hulk hogan era
Diablo-D3: back when people still watched it
balulasch_: tatanka
ThickAsThieves: Koko B Ware
mircea_popescu: yeah was before sena died and they fucked up f1
mircea_popescu: kinda stopped watching it that year.
Diablo-D3: mircea_popescu: who?
mircea_popescu: Ayrton Senna
Diablo-D3 never watched wrestling as a kid, it was too much like soap operas for men
Diablo-D3: only had friends who watched it and they wouldnt shut up about it
Diablo-D3: and had fucking tshirts and shit
balulasch_: i have friends who still watch it after 15yrs
balulasch_: and they take it for real
Diablo-D3: well I remember everyone quit watching it, then they had that NWO shit
balulasch_: somehow
Diablo-D3: then the NWO shit wore out and then they went to college
ThickAsThieves: due to them being the same day, i have an odd association with WWF and Catechism as a child
Diablo-D3: I mean, I have to give it to wrestling
Diablo-D3: they made fun of bush and it stuck
Diablo-D3: ThickAsThieves: wtf is catechism?
Duffer1: catholic nonsense
ThickAsThieves: wrestling was always the hot topic whilst learning about jesus
balulasch_: lol
ThickAsThieves: it's sunday school
Diablo-D3: ahh
Diablo-D3: sunday school never made sense to me
ThickAsThieves: gotta do it for 8 years before you can leave the scene
Diablo-D3: ThickAsThieves: then the catholic church is not a church
Diablo-D3: it is a cult and it is against God
ThickAsThieves: well that's just how i saw it
mircea_popescu: ThickAsThieves did you get a little white tutu and everything ? or do they only do that for girls
ThickAsThieves: yeah have to wear some kind of robe
mircea_popescu: nuts.
ThickAsThieves: i remember my confirmation vividly because i said to myself over and over "never forget how happy you are that you never have to come here again"
mircea_popescu: haha
mircea_popescu: the shit people come up with, i swear.
ThickAsThieves: oddly it was the first time I ever had hot flashes and almost fainted
Duffer1: did you get your little scarf thing too?
mircea_popescu: i mean religion is one thing, as a theological pursuit, you know, whatever, let's sit around and discuss the beard of the teapot in the sky
ThickAsThieves: the next time was in Amsterdam :)
mircea_popescu: but by the time it gets to "you gotta wear this thing" it's gotten real old.
Diablo-D3: ThickAsThieves: that sounds closer to an axienty attack
Diablo-D3: mircea_popescu: well, its actually why I like Jesus
ThickAsThieves: well not much distinction
Diablo-D3: he said, and this is why he killed him, "all this shit they make you do that God didn't expressly say do? stop doing it. God didnt tell you to do that."
mircea_popescu: ThickAsThieves was it because the nude chicks behind glass ?
ThickAsThieves: either way everything turned white and i almost passed out
Diablo-D3: Jews freaked out and killed him for it
Diablo-D3: he basically Snowdened the Jews.
ThickAsThieves: no cuz i smoked too much hash
ThickAsThieves: it's weird, it happened to me both times i was in Amsterdam
ThickAsThieves: the flashes
mircea_popescu: yeah it can do that.
ThickAsThieves: never happened back home though
Diablo-D3: pot can do that, yeah
ThickAsThieves: "Bitchin' bet, bro! Bitcoin bears best become Bitcoin bulls."
mircea_popescu: lol
mircea_popescu: you're on a broll, bro!
ThickAsThieves: byeah!
Duffer1: buy bitcoin. bitches.
Diablo-D3: bullshit
mircea_popescu: wait that was you ?
Diablo-D3: .... you know, why has there never been a financial blog for bears named bullshit?
Diablo-D3: seems like a lost oppertunity there
mircea_popescu: maybe so
mircea_popescu: http://bitbet.us/bet/786/bitcoin-to-surpass-berkshire-as-an-investment/#b7
ozbot: BitBet - Bitcoin to surpass Berkshire as an investment
mircea_popescu: gotta love these fiat guys. 0.00450000 at a time, srsly, don't give yourselves a hernia folks
mircea_popescu: lifting all that moneys up to the BitBet coinslit.
ThickAsThieves: http://www.maxkeiser.com/2013/03/breaking-as-cyprus-crisis-increases-panic-bitcoin-hits-new-all-time-high-of-50/
ThickAsThieves: "Analysts now see $100 BTC within easy reach. I am sticking to my bet. I bet Warren Buffett 100,000 BTC that BTC reaches $200,000 before Berkshire Hathaway does."
ThickAsThieves: maybe Max needs to put his BitBet where his mouth is
mircea_popescu: lol max bets 100k ? bwahaha.
mircea_popescu: o wait was 2013 huh.
mircea_popescu: that should make nice news for a blogger wanting toi have some fun
mircea_popescu: berkshire will probably cross 200k sometime this summer.
mircea_popescu: whereas max derper never had nor will ever have 100k btc.
ThickAsThieves: Can't have your soul and eat it to, after all
Duffer1: what was the market cap of BTC this time last year? i'm sure it was already well beyond 200k..
mircea_popescu: right.
mircea_popescu: the funniest shit will be if the us inflation goes bonkers this year, berkshire ends up ~2mn by next march, bitcoins trade ~6k ish
mircea_popescu: just you now... narrowly missing the no condition.
LordPutin: blue means yes right?
ThickAsThieves: yeah, i suspect any violent increase in inflation would result in a more abrupt increase in bitcoin value than BRK-A
ThickAsThieves: yes, yes is the aque color
ThickAsThieves: aqua*
assbot: [HAVELOCK] [CBTC] 1400 @ 0.00015 = 0.21 BTC [+]
LordPutin: wow i would take the no for sure
ThickAsThieves: http://techcrunch.com/2014/03/15/julie-ann-horvath-describes-sexism-and-intimidation-behind-her-github-exit/
ozbot: Julie Ann Horvath Describes Sexism And Intimidation Behind Her GitHub Exit | TechCrunch
ThickAsThieves: Well, LordPutin, go for it!
TomServo: mircea_popescu: You saying Senna dying fucked F1, or something else?
mircea_popescu: TomServo his dying resulted in them trying to fix "problems" which were wholly imaginary.
mircea_popescu: the point of life isn't to avoid people getting killed.
jurov: Hi all just checking from ski trip
ThickAsThieves: ick, skiing
jurov: Any blog abut the brk-a bet background?
TomServo: mircea_popescu: I don't see the harm in making it a bit safer, the danger is still present
jurov: And sorry for all coinbr X.EUR holders, y'all will be sorted out tonight
jurov: The exp tends to fall to most inconvenient times
ThickAsThieves: wrestling got stupid when it tried to mature
ThickAsThieves: it should have always been a superhero cartoon
assbot: [HAVELOCK] [CFIG] 1 @ 0.10099644 BTC [-]
mircea_popescu: TomServo hey, what can i tell you. it's not that i didn't like it because they made safer
mircea_popescu: it's just... once they made it safer it became whatever.
ThickAsThieves: i think they also got distracted by Ultimate Fighting
mircea_popescu: "Holy moly - someone bet 1000 xbt. Is that you, Roger?"
mircea_popescu: gotta love reddits :D
TomServo: mircea_popescu: so if someone dies this year, you back in? :D
jurov: ThickAsThieves: i hope that's not related to teh bitbet :P
mircea_popescu: lol
mircea_popescu: i loved senna too. it
mircea_popescu: s just... worst fucking thing you can do in memory of someone who died
mircea_popescu: make the thing he died for die with him.
ThickAsThieves: the BRK bettor already saying he won't bet cuz it's in bitcoin
ThickAsThieves: http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/cg3z8yi
mircea_popescu: derp.
mircea_popescu: i thought he won't bet because all he had was a 25 bitcent share.
mircea_popescu: http://www.reddit.com/r/Bitcoin/ < look, it's on the hotlist.
ozbot: Bitcoin
assbot: [HAVELOCK] [RENT] 18 @ 0.00565901 = 0.1019 BTC [+] {2}
ThickAsThieves: doesnt appear as hot for me, maybe cuz i posted it?
assbot: [HAVELOCK] [B.MINE] [PAID] 2.30790962 BTC to 3`901 shares, 59162 satoshi per share
assbot: [MPEX] [S.MPOE] 1775 @ 0.0008949 = 1.5884 BTC [+]
assbot: [HAVELOCK] [PETA] 4 @ 0.07 = 0.28 BTC [+]
assbot: [MPEX] [S.MPOE] 5300 @ 0.0008949 = 4.743 BTC [+]
Apocalyptic: .d
ozbot: 4.250 billion | Next Diff in 1456 blocks | Estimated Change: 8.4784% in 9d 5h 55m 19s
copumpkin: mircea_popescu: hardcore :)
assbot: [HAVELOCK] [CFIG] 9 @ 0.08605557 = 0.7745 BTC [-] {3}
assbot: [HAVELOCK] [B.MINE] 15 @ 0.05367992 = 0.8052 BTC [+] {8}
assbot: [MPEX] [S.MPOE] 4150 @ 0.00088955 = 3.6916 BTC [-] {2}
assbot: [HAVELOCK] [CBTC] 3663 @ 0.00014283 = 0.5232 BTC [-] {10}
assbot: [MPEX] [S.MPOE] 10400 @ 0.00088898 = 9.2454 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 16100 @ 0.0008905 = 14.3371 BTC [+] {2}
matthew_boyd: mircea_popescu: did you put a 1000 btc bet that Bitcoin would be worth more than Bershire?
LordPutin: thatpoor guy is going to loose 1000 btc :/
pizzaman1337: matthew_boyd: "worth more than Berkshire" doesn't accurately describe the bet, at all: http://bitbet.us/bet/786/bitcoin-to-surpass-berkshire-as-an-investment/
matthew_boyd: You get what I mean, I phased it poorly, I know.
assbot: [MPEX] [S.MPOE] 4375 @ 0.00089437 = 3.9129 BTC [+]
assbot: [HAVELOCK] [PETA] 2 @ 0.07 = 0.14 BTC [+]
assbot: [MPEX] [S.MPOE] 1800 @ 0.00089409 = 1.6094 BTC [-]
datz_: hey
datz_: i run an crypto assets company. how can i get involved with assbot?
taub: get it listed in an exchange
assbot: [MPEX] [S.MPOE] 7300 @ 0.00088834 = 6.4849 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 139 @ 0.00345 = 0.4796 BTC [+]
assbot: [MPEX] [S.MPOE] 12738 @ 0.00089022 = 11.3396 BTC [+] {3}
assbot: [HAVELOCK] [CBTC] 1000 @ 0.00014999 = 0.15 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 9150 @ 0.00088777 = 8.1231 BTC [-]
mircea_popescu: datz_ there's a link on the website, check topic
mircea_popescu: holy shit... i go on twitter, "76 new interactions"
mircea_popescu: i've been interacted to all hell
mircea_popescu: copumpkin mircea h popescu
datz_: how do we list on MPEX?
thestringpuller: lol
mircea_popescu: ;;gettrust datz_
gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user datz_: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=datz_ | WoT data: http://b-otc.com/vrd?nick=datz_ | Rated since: never
mircea_popescu: well, some trust would help. who are you ?
datz_: i run a company we want listed
datz_: that does crypto assets
mircea_popescu: that's maybe what are you doing. who are you ?
datz_: CEO
mircea_popescu: this is going great so far.
datz_: i run https://peercover.com and sponsor http://openxrptalk.com
datz_: we want to pay homage and do a funding round on MPEX
Apocalyptic: you will find much XRP love around here
datz_: we do BTC/XRP/DOGE/NXT/ETH/PPC/NCM/AUR you name it
datz_: we have 5 additional people we need to hire
mircea_popescu: datz_ thats nice, but listing is purely a fiduciary exercise. you have to be trusted, for which you have to be known. so you know, spend a year reading the logs.
datz_: we have two exchanges, a betting platform, an insurance platform, an investment platform, a credit and wallet platform, a chat platform - all in one
datz_: i am well known
copumpkin: yeah, this ain't glbse ya know
datz_: just don;t use IRC
copumpkin runs
datz_: i built my own chat platforms - have no need for IRC
copumpkin: datz_: IRC isn't about the platform, it's about who you find on it
copumpkin: I've built my own chat programs but nobody is on them :P
copumpkin: where else can I find someone like mircea_popescu?
datz_: the one guy i worked with used IRC stole 2.8 million XRP from me
datz_: so i don;t trust people on IRC
mircea_popescu: sucks huh.
Apocalyptic: how is that relevant ?
copumpkin: hey, this guy I spoke to once pickpocketed me
datz_: why i don't use IRC or have trust here
copumpkin: so I never talk to people in person anymore
copumpkin: makes my work life difficult but I survive
mircea_popescu: and now for the hardest task of all : to attend to my 173 messages inbox, which so far all consist of "hey you're so cool!"
copumpkin: lol
mircea_popescu: i hope you're jealous kakobrekla
mircea_popescu: im getting carpal over here just downloading all these cookies.
copumpkin: mircea_popescu: please allow me to fellate you
mircea_popescu: copumpkin i guess it's kinda difficult for outsiders to realise just how deep, powerful and far reaching irc is.
copumpkin: mircea_popescu: not sure if you're being sarcastic, but I actually do think it's a pretty great thing
copumpkin: the tech is shit
mircea_popescu: no, i was being plain. shit or not shit, i'm here after all.
copumpkin: yeah
mircea_popescu: tcp/ip is shit for that matter.
datz_: ok darn so IRC is too cheeky and suspicious to let me list here. don't say i didn't offer you the opportunity. will just have to stick with my own decentralized exchange :)
copumpkin: lol
chetty: its the modern form of the gentlemans club :P
copumpkin cries a river
Apocalyptic: "decentralized exchange" // I guess this guy has it all
copumpkin: he has his own chat platform, his own decentralized exchange
copumpkin: never mind that nobody uses either of them, at least he can use them
mircea_popescu: lmao cheeky what ?
mircea_popescu: opporunity ?
mircea_popescu: dudes gotta come off their pipe.
kakobrekla: i only got 173 less than you.
mircea_popescu: so guise, we need to sit together and come up with a strategy to attract more dudes who don't know who they are but suspect it may be ceo in this thing of ours.
mircea_popescu: i believe it's called adoption
mircea_popescu: or penetration, or something.
copumpkin: mircea_popescu: I know what. I have this LLC I use for money laundering and it's super profitable. If you pay me 10k btc, I'll let you list it on your exchange.
mircea_popescu: has it been started 2 weeks ago through lying on a common bank application, all constructed on the basis of some material a website mailed you ?
copumpkin: omg you participate in that program too?
copumpkin: dammit
mircea_popescu: no this is a different one.
mircea_popescu: http://www.wowwiki.com/User_talk:
ozbot: User talk: - WoWWiki - Your guide to the World of Warcraft
mircea_popescu: sheeit.
mircea_popescu: dude come back
mircea_popescu: please ipo your wow character.
mircea_popescu: ” Despite its generally female-friendly environment, Horvath claims that she had “a really hard time getting used to the culture, the aggressive communication on pull requests and how little the men [she] worked with respected and valued [her] opinion.”
mircea_popescu: dude how come every single obnoxious bitch out there imagines she's entitled to misrepresent her broken mental processes as "a problem of women everywhere" ?
mircea_popescu: women everywhere are emphatically not as stupid as her.
assbot: [HAVELOCK] [PETA] 10 @ 0.067963 = 0.6796 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 8650 @ 0.00088771 = 7.6787 BTC [-] {2}
mircea_popescu: what's more, they're stupid in their own private personal ways, which differ from hers, even should she "feel" it's not fair that should be the case.
assbot: [HAVELOCK] [AM1] 2 @ 0.6105 = 1.221 BTC [-] {2}
assbot: [HAVELOCK] [CFIG] 5 @ 0.0902 = 0.451 BTC [+] {3}
assbot: [HAVELOCK] [B.SELL] 10 @ 0.06813999 = 0.6814 BTC [+] {8}
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05281003 = 0.1584 BTC [-] {2}
assbot: [HAVELOCK] [B.EXCH] 1 @ 0.11950724 BTC [-]
KRS-1: .bait
ozbot: http://25.media.tumblr.com/tumblr_m3f4uf0YZb1qf0gljo1_500.jpg
KRS-1: This bait sucks.
KRS-1: Unsatisfactory .bait links lately.
mircea_popescu: http://31.media.tumblr.com/5baf1143cb19e88642fe6415d6df5549/tumblr_msaglaHUnU1raljz5o1_1280.jpg
mircea_popescu: you're spoiled rotten is your problem.
sheldonthomas: ;;gettrust sheldonthomas
gribble: WARNING: Currently not authenticated. Trust relationship from user sheldonthomas to user sheldonthomas: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=sheldonthomas | WoT data: http://b-otc.com/vrd?nick=sheldonthomas | Rated since: never
mircea_popescu: sheldonthomas trying to decide if you should trust yourself ?
sheldonthomas: yeah it's existential
mircea_popescu: it works better like this :
mircea_popescu: ;;gettrust copumpkin
gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user copumpkin: Level 1: 6, Level 2: 38 via 21 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=copumpkin | WoT data: http://b-otc.com/vrd?nick=copumpkin | Rated since: Mon Jun 20 16:53:19 2011
KRS-1: .bait
ozbot: http://24.media.tumblr.com/tumblr_m3qn7zfhOg1r7wy42o1_500.jpg
copumpkin: w00t
KRS-1: whoa a sista
sheldonthomas: ;;gettrust mircea_popescu
gribble: WARNING: Currently not authenticated. Trust relationship from user sheldonthomas to user mircea_popescu: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=mircea_popescu | WoT data: http://b-otc.com/vrd?nick=mircea_popescu | Rated since: Fri Jul 22 11:04:26 2011
KRS-1: http://www.youtube.com/watch?v=9JhsUFuqbCM
ozbot: Velvet Revolver - Fall To Pieces - YouTube
mircea_popescu: basically it's a graph walker. as you're unconnected all your results will be 0 0 0
sheldonthomas: i hadn't seen that graphing function. very nice. i lost my gpg key i registered on otc from 2011
sheldonthomas: ;;book
gribble: (book <thing>) -- Get a list of open orders for <thing>. Web view: http://bitcoin-otc.com/vieworderbook.php
sheldonthomas: ;;book btcusd
gribble: Error: No orders for this currency present in database.
sheldonthomas: ;;book BTC
gribble: Error: Too many orders to list on IRC. Visit the web order book, http://bitcoin-otc.com/vieworderbook.php?eitherthing=BTC to see list of orders for this item.
sheldonthomas: ;;book USD
gribble: Error: Too many orders to list on IRC. Visit the web order book, http://bitcoin-otc.com/vieworderbook.php?eitherthing=USD to see list of orders for this item.
sheldonthomas: hey mircea where do i register a new keypair
ThickAsThieves: i figured it out with zero experience
ThickAsThieves: read
ThickAsThieves: the wot link has links
ThickAsThieves: ;;google bitcoin wot
gribble: #bitcoin-otc: <http://bitcoin-otc.com/>; #bitcoin-otc web of trust: <http://bitcoin-otc.com/trust.php>; #bitcoin-otc web of trust data: <http://bitcoin-otc.com/viewratings.php>
thestringpuller: ThickAsThieves is a n00b with da cryptos
mircea_popescu: sheldonthomas http://wiki.bitcoin-otc.com/wiki/GPG_authentication
sheldonthomas: ;;gettrust sheldonthomas
gribble: Currently authenticated from hostmask sheldonthomas!~sheldonth@207-38-147-49.c3-0.avec-ubr2.nyr-avec.ny.cable.rcn.com. Trust relationship from user sheldonthomas to user sheldonthomas: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=sheldonthomas | WoT data: http://b-otc.com/vrd?nick=sheldonthomas | Rated since: never
sheldonthomas: boy that hostmask sure is revealing
sheldonthomas: ;;get trust ThickAsThieves
gribble: Error: The command "get" is available in the Dunno, Herald, and Topic plugins. Please specify the plugin whose command you wish to call by using its name as a command before "get".
sheldonthomas: ;;gettrust ThickAsThieves
gribble: Currently authenticated from hostmask ThickAsThieves!~ThickAsTh@unaffiliated/thickasthieves. Trust relationship from user sheldonthomas to user ThickAsThieves: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=ThickAsThieves | WoT data: http://b-otc.com/vrd?nick=ThickAsThieves | Rated since: Sat Mar 2 11:19:18 2013
mircea_popescu: you can do that in private with gribble too.
assbot: [HAVELOCK] [NEOBEE] 43 @ 0.0034895 = 0.15 BTC [+]
assbot: [MPEX] [S.MPOE] 16450 @ 0.00088747 = 14.5989 BTC [-] {3}
joecool: ;;ident gribble
gribble: Nick 'gribble', with hostmask 'gribble!~gribble@unaffiliated/nanotube/bot/gribble', is not identified.
joecool: it's a fake
mircea_popescu: faux gribble
assbot: [MPEX] [S.MPOE] 12037 @ 0.00088553 = 10.6591 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 5400 @ 0.00088509 = 4.7795 BTC [-]
assbot: [MPEX] [S.MPOE] 1750 @ 0.00088509 = 1.5489 BTC [-]
sheldonthomas: Isn't it advantageous to make small bets against large ones on bitbet, since regardless of what you believe the odds are, you are splitting a larger winning pool from the other side
Mats_cd03: why dont you make a small wager against every large bet then
mircea_popescu: i didnt follow the logic of that.
ThickAsThieves: depends on your goal sheldon
ThickAsThieves: obviously there is more to gain, but you can still lose 100%
ThickAsThieves: however, if you feel the large bet is correct, like in this case of this BRK one
ThickAsThieves: you'd want to bet both sides while the weight is in your favor
ThickAsThieves: this assumes the No's won't ruin that weight
ThickAsThieves: on your hedge bet
ThickAsThieves: the expense to hedge being very cheap
ThickAsThieves: when a bet is 1000:1
Mats_cd03: dont grace that with a response, he cant be so dumb as to share a simplistic thought like that
ThickAsThieves: a great phenomenon of this bet, is people thinking like him
ThickAsThieves: they see it like a scratcher
ThickAsThieves: sure i think btc will win! but dat odds! i'm willing to throw .001 against that!
Mats_cd03: its context dependent and if you cant handle high school probability you will be ignored by the universe
ThickAsThieves: "Agreed. Looks good. But what I don't get is the huge jump to 41,734.95 in total earned BTC.
ThickAsThieves: Is it caused by the acquisition of bit777 etc. or is this a mistake?"
ThickAsThieves: "No - arithmetic error in the calculation. Fixed - thanks for point it out!"
ThickAsThieves: lol
Mats_cd03: and occasionally having your wages garnished by things like the brk-a bet or slot machines because youre too stubborn to understand probabilities
ThickAsThieves: after that pumper was here this morning claming CBTC would double in value, they issue a report saying they lost money
ThickAsThieves: i'm offended that erik's reddit thread on the bet gets more shine than mine :(
Mats_cd03: bad PR in erik's thread for mpoe
ThickAsThieves: "Hence why the bet is in bitcoins - zero risk for the better and something only an idiot would participate in. I'm sure buffet's seen this one before but most of the morons on this subreddit have not."
ThickAsThieves: zero risk!
assbot: [MPEX] [S.MPOE] 16218 @ 0.00088694 = 14.3844 BTC [+] {2}
Mats_cd03: i didnt realize until i read the trilema post that the brk-a bet originated from mp
Mats_cd03: i feel thats a missed pr opportunity
ThickAsThieves: seriously?
ThickAsThieves: i assumed immediately
ThickAsThieves: he posts about the bet and elaborates, and people still think it's erik...
ThickAsThieves: the originating reddit link points to mp's blog
Mats_cd03: the link with the most traffic points to bitbet
ThickAsThieves: which boggles my mind
ThickAsThieves: mine even has a better headline!
ThickAsThieves: i guess i need to work on my brand
ThickAsThieves: and jesushood
Mats_cd03: i'll perforate your hands for a small fee
ThickAsThieves: sadly thats not enough these days
ThickAsThieves: i'd need to start preaching and using words like community, decentralization, and such
ThickAsThieves: sad that in order to be jesus one must sell their soul
mircea_popescu: Ansgar John @ErikVoorhees @WarrenBuffett @Mircea_Popescu a year is a much too short amount of time to say much. Bet him 15 years and he might take it.
mircea_popescu: Mircea Popescu And yet he publishes yearly statements.
mircea_popescu: Ansgar John which state the results 'in any given quarter or year are often meaningless. '
mircea_popescu: Mircea Popescu Yes well, I once asked a married woman to my hotel room. She said no and yet showed up.
mircea_popescu: why do people have so much difficulty groiking the supremacy of action over speech is beyond me.
Mats_cd03: because you can never win on the internet
mircea_popescu: o that. myeah.
mircea_popescu: Mar 05 03:06:20 <mircea_popescu>when i do hidden in plain sight, it's hidden. when the usg tries it, it's snowdened.
mircea_popescu: ThickAsThieves lol epic that shit. "o we just arithmeticed 47k earned income. shoulda been in bitcents. oops"
Apocalyptic: <tianrui81317> where to find people to make bitcoin related website for me? thanks
Apocalyptic: <tianrui81317> I want to build a website absolutely similar to bitbet
Apocalyptic: sigh, but seems the PR move worked
mircea_popescu: lmao
mircea_popescu: clearly, bad pr and missed oportunities.
assbot: [MPEX] [S.MPOE] 13784 @ 0.00088721 = 12.2293 BTC [+]
Hirethestache: Is there a bitbet authy here?
mircea_popescu: what's an authy
Hirethestache: authorized manager/admin
Hirethestache: sorry, hah
mircea_popescu: myeah.
mircea_popescu: "Buffett, Bitcoin Bear, Believes Berkshire Better Bet Because Bitcoin's Bubble Bound to Burst"
mircea_popescu: seems tat created a... beast ?
assbot: [HAVELOCK] [SFI] 279 @ 0.00088959 = 0.2482 BTC [+]
mircea_popescu: btw guise : where to find people to make fiat related website for me? thanks. I want to build a website absolutely similar to obamacare.
mircea_popescu: Bet started: 8 hours 20 minutes ago. Confirmed bets: 63 ( No: 56 / Yes: 7 )
mircea_popescu: i'm really blown away by the yes bets.
assbot: [MPEX] [S.MPOE] 7150 @ 0.00088721 = 6.3436 BTC [+]
nubbins`: any of you folks collect bullion?
bitcoinpete: a little
nubbins`: i just took a gold buffalo out of the packaging
nubbins`: really really poor strike
nubbins`: wondering if that's a common thing
bitcoinpete: they probably can't stamp them fast enough to keep up with people who haven't heard of BTC
nubbins`: heh.
mircea_popescu: i hear modern coins are all shit
nubbins`: nothing but good from the RCM
nubbins`: but this buffalo is fucked
nubbins`: seriously, the edge isn't even a uniform thickness
bitcoinpete: brutal
nubbins`: yeah
bitcoinpete: ya my stuff is all rcm
nubbins`: and there's a sharp ridge by the fatter part
mircea_popescu: maybe keep it as "error"
nubbins`: lel
nubbins`: that's not a bad idea
bitcoinpete: as rare as the buffalo itself
mircea_popescu: fun fact : the buffalo is worth like 2k, and yet nominal face value would be like $50
mircea_popescu: wonders of inflation
nubbins`: yeah, $50 FV
assbot: [HAVELOCK] [PETA] 2 @ 0.067501 = 0.135 BTC [-]
nubbins`: kind of a shit design too
mircea_popescu: isn't it the old nickel indian face ?
nubbins`: there's an indian of some sort on it
nubbins`: which is, itself, a bit of a lel
nubbins`: like putting a jew on the deutsche mark in the 1940s
nubbins`: or having an office building here in newfoundland called the BEOTHUK BUILDING
mircea_popescu: if i were designing the reichsmarks in 1940
ThickAsThieves: <mircea_popescu> i'm really blown away by the yes bets. /// why's that?
mircea_popescu: you bet your sweet ass there'd have been a topless jewish girl on the 2 mark piece
mircea_popescu: ThickAsThieves i just didn't imagine anyone'd be doing it. i'm not saying it's a bad idea or anything, just, not what i had imagined.
bitcoinpete: the higher the denomination, the more lewd
bitcoinpete: 100 reichsmark would be a full on orgy
mircea_popescu: nah, 5 marks could be tractors or w/e they did
mircea_popescu: "face of ugly guy with mustache"
joecool: nubbins`: never noticed you're newfie, i'll be there for like a month this summer
nubbins`: ah, no way
nubbins`: business or pleasure?
joecool: nubbins`: pleasure, gf's parents own a house there
joecool: lettin us use it for a month
mircea_popescu: they have houses in canada ?!
joecool: mircea_popescu: yeah iknorite?
nubbins`: heh
nubbins`: whereabouts in nl?
bitcoinpete: out of mud, yes
bitcoinpete: and teepees are totally houses
joecool: nubbins`: i'm not entirely sure, i think it's around bay bull's though
nubbins`: ah, my mother is from bay bulls.
nubbins`: on the off chance, what's their last name?
joecool: kennedy
mircea_popescu: twist : nubbins` discovers his gf was doing double time
nubbins`: ah, k, probably no relation there :D
joecool: prob doesn't help much, pretty common name
nubbins`: my brother in law is a kennedy, but he's from habour grace
joecool: i've never been there, gf lives on ontario, i live in dirty jerz
nubbins`: go on a whale watching tour when you're out there
ThickAsThieves: anyone know the best bitcoin wallet for debian? I'm having trouble getting one to install
joecool: nubbins`: you ever see the lights?
nubbins`: nah, too far south
joecool: for normal circumstances, just need to keep an eye on when storms flare up, last year i saw them once all the way down here
nubbins`: nod
bitcoinpete: mircea_popescu: maybe the "yes" bettors figure bitbet can keep their coins safer than they can?
nubbins`: joecool: if you're into hiking, the east coast trail from bay bulls to witless bay (and back on the railway bed) is a good one
mircea_popescu: bitcoinpete this has been remarkably true in many cases so far.
mircea_popescu: especioally visible on lengthy bets.
joecool: nubbins`: will note that
nubbins`: a lot of legs of the trail, you need either two cars or you double back. this particular one, you can make a loop of it
nubbins`: ah, that bet is the top post on /r/Bitcoin right now
nubbins`: i honestly have to lel at facebook sometimes
nubbins`: cbc shares a video of a bunch of porpoises dying in the water near a supply ship that ran aground
nubbins`: "14 people like this"
mircea_popescu: maybe they were likeable corpses.
bitcoinpete: haha
joecool: should bring back the "become a fan" button
nubbins`: "lost my baby today, feels like my heart has been ripped from my chest"
nubbins`: 3 people like this
mircea_popescu: "After my gangrape last night the doctors had some bad news :
mircea_popescu: Not just HIV, but also cancer."
nubbins`: "i'll never have kids"
nubbins`: 50 people like this
mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/20k63o/almost_50000_are_being_bet_that_1_btc_will_reach/
ozbot: Almost $50,000 are being bet that 1 BTC will reach $10 000 before December 201 : Bitcoin
mircea_popescu: lol reddit discovers bitbet. the first page is like full of bitbet stuff nao
nubbins`: december 201
joecool: mircea_popescu: makin it rain
nubbins`: there's a few "don't give money to bitbet, scam, see this link" posts on everything related to bitbet that goes up
nubbins`: without fail
mircea_popescu: open market beagles all contain a little shit.
mircea_popescu: it's how the open market works.
nubbins`: gsdgdfs, do you even irc?
mircea_popescu: this net is very slutty.
nubbins`: *.net *.slut
mircea_popescu: "Soooo.... I used a site in november called betsofbitco.in or something like that and i made a couple bets. Both have passed their date and still are awaiting decisions for 3 months now. I should be winning these bets but there seems to be nothing happening. Anyone know if that site is a scam"
assbot: [HAVELOCK] [B.MINE] 6 @ 0.05308993 = 0.3185 BTC [-] {5}
nubbins`: imagine
mircea_popescu: i learn a lot from reading reddit
nubbins`: you're in the minority, then
nubbins`: except for the people in /r/til
steven-__: https://twitter.com/aantonop/status/445300279030710272
ozbot: Twitter / aantonop: Planning a podcast on sexism ...
nubbins`: steven-__: golden hookers at conferences?
mircea_popescu: lol the golden hooker... that sounds like a decent bitcoiner bar.
nubbins`: honestly, i'd be embarassed to be seen at any bitcoin event
nubbins`: so many neckbeards and wizards
mircea_popescu: there could be an old crack whore chained to a wall in the bathroom, gilt.
mircea_popescu: to represent our profound respect and deep use for precious metals.
freeroute: won't multisig tx's make stuff like bitbet more 'safer' to use?
steven-__: safe is always the first word that comes to mind when i think of 3rd party and bitcoin
freeroute: yeah, centralized solutions to a decentralized protocol aren't always a good thing
mircea_popescu: freeroute apparently the people who make the calls in bitcoin don't give a shit about particular dead horse tropes.
mircea_popescu: neckbeards will have to learn to live with it.
freeroute: what particular dead horse tropes are you referring to?
mircea_popescu: "multisig tx make things safer"
freeroute: I guess it depends on the application, it won't make everything safe
mircea_popescu: exactly.
mircea_popescu: if you think about it : sites like bitbet require the power to pay winners.
mircea_popescu: with losers' btc.
mircea_popescu: so what exactly ? if you trust the site to adjudicate, you trust the site to hold the btc. there's nothing meaningful to gain by a separation
mircea_popescu: unless the site itself implements it, which it probably does.
Mats_cd03: bitbet doesnt need smart contracts for what it does
Mats_cd03: is that the killer feature you are seeing in bitbet with multisig tx
freeroute: I guess, not sure about the exact implementation, but it would certainly help bitbet's trust not being able to run away with the BTC
freeroute: but then again, betting would then be limited to only certain bets
Mats_cd03: if you implemented it then heres whats going to happen:
Mats_cd03: people say the same things about bitbet operations, but this time they accuse third_party in the same breath
assbot: [MPEX] [S.MPOE] 2000 @ 0.00088607 = 1.7721 BTC [-]
cazalla: steven-__: he won't attend conferences unless they have a sexual harassment policy in place as well, the guy is a total SJW
mircea_popescu: freeroute you've somehow entirely glossed over what was said.
mircea_popescu: inasmuch as bitbet can resolve bets, it can run off with all btc whether you multisig or not.
steven-__: what a clown
mircea_popescu: the reason bitbet is trusted is for proper reasons, ie, being run by trustworth people.
Mats_cd03: and then you've also created a game theoretic scenario where all involved parties can potentially be robbed
mircea_popescu: not because of improper nonsense, such as "it couldn't gyp us".
mircea_popescu: i understand that there's a very strong desire in the socially-challenged for replacing girlfriends with porn, but that's not how finance works.
mircea_popescu: or copulation, for that matter.
mircea_popescu: you'll always need people. and that's a good thing, because if you didn't the planet'd be pretty darn barren by now.
assbot: [HAVELOCK] [PETA] 26 @ 0.06538076 = 1.6999 BTC [-] {6}
freeroute: well yeah at this point I can't see bitbet implementing such a thing because of the nature of the bets (the bets would then be binary and somehow be validated for provably true)
Mats_cd03: of party (you, her, and third_party), the following set [(third_party,her), (you,her), (you,third_party)] represents who can collude to screw you, third_party, and her
freeroute: but I do hope that trust will get out of people's hands into the hands of cryptography. Because generally, people are not a good thing, and never were.
assbot: [HAVELOCK] [B.SELL] 7 @ 0.06976999 = 0.4884 BTC [+] {7}
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05200601 = 0.104 BTC [-] {2}
mircea_popescu: freeroute that's nonsense.
mircea_popescu: communism had a better shot than that.
freeroute: you didn't have applied mathematics you have now in the 'haydays' of communism
assbot: [HAVELOCK] [AM100] 21 @ 0.00587047 = 0.1233 BTC [-] {3}
mircea_popescu: if I. you see ?
mircea_popescu: applied mathematics still has to be applied. and i was there when communism fell, and i saw no mathematics anywhere around me.
mircea_popescu: twas just a sea of people.
freeroute: the point is, that right now we have a distributed asset class / currency protected by cryptography. It shifts trust from centralized models to a distributed one. That could be seen as step 1.
freeroute: luckily, the technology which is getting built on top of it, will bring lots of such decentralizations
mircea_popescu: is the wot centralised or distributed in your nomenclature ?
freeroute: colored coins is also an example of this
nubbins`: colored fuckin coins
mircea_popescu: nubbins` you knew that was coming out.
nubbins`: what's unicorn cum an example of?
nubbins`: rainbows?
freeroute: mircea_popescu: difficult. I'd say both, I wouldn't trust it more then I would trust security through obscurity
freeroute: *than
freeroute: not sure about implementation of colored coins, but the concept is amazing
mircea_popescu: well then i'd propose you have no idea what you're talking about, if you use a nomenclature that fails to even split the world properly.
mircea_popescu: were i to decide to split all objects into heavy and light i could fucking tell you whether a breadbox is heavy or light.
freeroute: WOT can be as centralized or as decentralized as you make it, the trust could all lead to a central authority (or central authorities)
mircea_popescu: the wot dood.
mircea_popescu: ;;gettrust freeroute
gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user freeroute: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=freeroute | WoT data: http://b-otc.com/vrd?nick=freeroute | Rated since: Tue Apr 2 18:13:09 2013
mircea_popescu: that one
ThickAsThieves: freeroute, so decentralized protects people from scammers?
freeroute: web of trust, yes. Like the GPG WOT?
ThickAsThieves: interesting
freeroute: no, I didn't say that.
ThickAsThieves: tell me how
ThickAsThieves: what does it do again?
mircea_popescu: ThickAsThieves it protects people from having to bow down to their superiors, which idiots with delusions of independence loathe.
ThickAsThieves: does it?
mircea_popescu: ultimate autists' fantasy this, "trustless systems".
ThickAsThieves: humanless systems
mircea_popescu: exactly.
freeroute: ThickAsThieves: it makes stock issuance and distribution extremely resilient
ThickAsThieves: from what?
mircea_popescu: you.can.not.have.stocks.without.trusting.the.issuer.
mircea_popescu: jesus god.
freeroute: true, I didn't claim otherwise
ThickAsThieves: you claimed resilience
freeroute: but at least that prevents the exchange screwing everyone over
ThickAsThieves: to what?
mircea_popescu: freeroute and yet this is a solved problem in fiat too.
mircea_popescu: nyse never screwed anyone over.
mircea_popescu: how come ?
freeroute: closing exchanges, for one. over-zealous regulators is another.
ThickAsThieves: you can protect issuers from regulators?
mircea_popescu: ah this is too much, i'll bbl.
assbot: [MPEX] [S.MPOE] 3800 @ 0.00088607 = 3.3671 BTC [-]
ThickAsThieves: lol
nubbins`: http://www.youtube.com/watch?v=fell1NPfWH0
ozbot: Well great, there goes the band Dollhouse - YouTube
freeroute: wasn't there a documentary about a CS guy who found out that stock exchanges (like the NYSE) were basically frauding people?
ThickAsThieves: you can't remove people from the system
freeroute: of course you can't, but you can minimize their impact on it
ThickAsThieves: you realize a good exchange actually plays a role
freeroute: which is?
ThickAsThieves: to provide a number of services
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05439423 = 0.1088 BTC [+]
ThickAsThieves: to the issuers, to regulators, to traders
ThickAsThieves: a decentralized one can't fill all roles
ThickAsThieves: it can only automate
ThickAsThieves: even then, don't most of these decentralized exchanges lean on less than 10 points of trust?
ThickAsThieves: is a decentralized stock exchange not able to be regulated?
freeroute: there isn't a decentralized CC exchange yet AFAIK
assbot: [HAVELOCK] [COG] 4 @ 0.03764609 = 0.1506 BTC [+] {3}
assbot: [HAVELOCK] [PETA] 8 @ 0.065 = 0.52 BTC [-]
ThickAsThieves: would anyone providing ledger services to a stock exchange not be regulatable?
freeroute: in the case of CC, wouldn't it itself be a ledger (or the blockchain itself being a ledger) ?
assbot: [HAVELOCK] [PETA] 18 @ 0.06318838 = 1.1374 BTC [-] {2}
freeroute: it would be regulated the same way BTC would, I assume
ThickAsThieves: (I realize this leads to arguments on bitcoin's susceptibility to regulation)
ThickAsThieves: BTC's regulatory future is not finalized yknow
ThickAsThieves: miners could come under it
ThickAsThieves: and likely will eventually
assbot: [HAVELOCK] [PETA] 5 @ 0.0630001 = 0.315 BTC [-] {2}
freeroute: hmm, I always thought that regulation in regards to BTC could only be applied at the "IRL" fiat-side of things
freeroute: so assume miners fall under the regulation, who's to say they won't employ techniques to evade that regulation?
ThickAsThieves: the USG for example cares most about two things
ThickAsThieves: money laundering
ThickAsThieves: and consumer protection
ThickAsThieves: in regards to btc at least
Mats_cd03: i fucking hate that phrase, 'money laundering'
Mats_cd03: i move to have it permanently banned from use
freeroute: ThickAsThieves: well, it's nice that they care.
ThickAsThieves: regulating that no miner may have more than XX% of the network power is not an absurd notion
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05438353 = 0.1088 BTC [-] {2}
assbot: [HAVELOCK] [B.SELL] 2 @ 0.06700052 = 0.134 BTC [-] {2}
assbot: [HAVELOCK] [B.EXCH] 1 @ 0.11950724 BTC [-]
freeroute: regulating that is also nice. But how would that be applied?
ThickAsThieves: not applied, enforced
nubbins`: it wouldn't
Mats_cd03: you could not enforce that
ThickAsThieves: well
Mats_cd03: without a centralization authority which the protocol lacks for this purpose
ThickAsThieves: someone is caught doing it, for example
nubbins`: trivial to circumvent
ThickAsThieves: they are hauled in
ThickAsThieves: well many laws are trivial to circumvent
ThickAsThieves: doesnt stop them from existing
nubbins`: too true
nubbins`: "no miner may mine more than XX TH/s from the same IP"
freeroute: enforced was the word I was looking for indeed
ThickAsThieves: maybe ASICMINER grunt whistleblows in 2017
ThickAsThieves: doesnt have to be easy to catch someone
ThickAsThieves: it would just be such that someone breaking a law, would now know so
ThickAsThieves: of course people here would disagree this is even possible
ThickAsThieves: regulating bitcoin
Mats_cd03: i suppose a combined legal and technical approach would be a best-effort case for enforcement
ThickAsThieves: i'm on the fence
ThickAsThieves: i think it can be for the most part
freeroute: even so, they parties who disagree can easily operate in area's which do not have those regulations
freeroute: *the parties
ThickAsThieves: well same for all laws right?
Mats_cd03: i would not bet any of my wealth on a best-effort approach
ThickAsThieves: you wanna sell pot, move to Amesterdam
ThickAsThieves: etc
ThickAsThieves: Amsterdam*
ThickAsThieves: people keep jumping to these yeah but it's international arguments
freeroute: not really a great example since selling pot commercially is still heavily regulated and still not legal, but I do see where you're getting at
ThickAsThieves: it doesnt matter
ThickAsThieves: all the world is international, yet every country has different laws
ThickAsThieves: yet people live in every country
ThickAsThieves: the world turns
freeroute: what Bitcoin (for the most part) enables, is full "in the cloud" operation wherever you geographically might be positioned. As long as you're connected, you can do most of the stuff with BTC.
ThickAsThieves: so why the effort to remove trust from the equation?
ThickAsThieves: you can't
Mats_cd03: youve blown my mind, i never realized that about bitcoin /s
ThickAsThieves: hell, 99.9% of the people never even vetted the code
ThickAsThieves: for all we know it's majorly flawed and the people that know choose to just bank off it
ThickAsThieves: how's that for trust?
ThickAsThieves: are you gonna go through the CC code?
freeroute: putting trust from the hands of people into mathematics is a way of making sure that you can't be screwed by people, which has happened numerous times already.
ThickAsThieves: do you know how decentralized it really is?
ThickAsThieves: same for Mastercoin etc
freeroute: well you can't abolish trust entirely, that would be unreal
ThickAsThieves: what if ghash.io manages 80% of the CC ledger?
ThickAsThieves: what if they wait 9mos til everyone gets comfortable and fuck everyone over?
freeroute: CC doesn't have a ledger AFAIK, it uses BTC ledger
ThickAsThieves: something manages the metadata no?
freeroute: the metadata is inside of the BTC tx'es, right?
ThickAsThieves: what parses it?
ThickAsThieves: what maintains updated listings?
freeroute: the client, same way the BTC client parses the blockchain
freeroute: (I assume)
ThickAsThieves: i may be mixing OT and MasterCoin in here
freeroute: MC is similar to CC but OT is a communication system which can be used on top of MC / CC AFAIK
ThickAsThieves: as i understood decentralized systems, they utilize new ledgers, maintained by servers
freeroute: ah that sounds like OT's system
ThickAsThieves: in the end though youre still quite a slave to the issuer
ThickAsThieves: an exchange has an incentive to vet it's issuers
ThickAsThieves: its*
freeroute: well no one stops a service vetting issuers
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05396624 = 0.1079 BTC [+] {2}
ThickAsThieves: well you want to rmeove the exchange right?
freeroute: so?
ThickAsThieves: compare mpex and cryptostocks
ThickAsThieves: this is how it unfolds
ThickAsThieves: why wouldnt a reputable issuer use a reputable exchange?
freeroute: nothing, but then the issuer would then be at the mercy of the exchange
ThickAsThieves: the CC system will be riddled with scams and issuers no one else would have
assbot: [MPEX] [S.MPOE] 309 @ 0.00088607 = 0.2738 BTC [-]
freeroute: true
nubbins`: ^
freeroute: just like Bitcoin was/is
nubbins`: ^
mircea_popescu: ...
freeroute: but that's the nature of decentralized and unregulated systems
ThickAsThieves: that you cant trust them?
mircea_popescu: bitcoin is about to rip buffett a new one. what are you talking about.
assbot: [MPEX] [S.MPOE] 29691 @ 0.00088254 = 26.2035 BTC [-] {4}
ThickAsThieves: bitcoin is not comparable to stock issuance
freeroute: ThickAsThieves: that there is no middleman in between that can screw things up
mircea_popescu: <freeroute> there isn't a decentralized CC exchange yet AFAIK << there has been, for years. ot, open transactions.
ThickAsThieves: bitcoin makes no claims
ThickAsThieves: had no obligations
ThickAsThieves: it is what it is
freeroute: indeed
cadmus2: MtGox is mentioned on the FAQ page - came in here to let someone update it
mircea_popescu: cadmus2 faq page of what.
cadmus2: http://bitbet.us/faq/
ozbot: FAQ BitBet
freeroute: mircea_popescu: hmm, I was under the impression that OT was still being developed
mircea_popescu: anyway, freeroute, you'll need to do some reading. like http://trilema.com/2012/gpg-contracts/ and http://trilema.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/
mircea_popescu: cadmus2 a. well so it'll be a nice bit of memorabilia, by 2025 people will be all "hmm what's a mtgox"
mircea_popescu: then granpa mp can tell the chitlins all about this magic the gathering thing
cadmus2: true
freeroute: mircea_popescu: cool, I'll give them a read.
assbot: [HAVELOCK] [PETA] 2 @ 0.06907202 = 0.1381 BTC [+]
mircea_popescu: cool.
assbot: [MPEX] [S.MPOE] 8337 @ 0.00088008 = 7.3372 BTC [-]