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 [+]
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)
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
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
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: how many times have we known old men like that lol
ozbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin
assbot: [HAVELOCK] [B.MINE] 3 @ 0.05333326 = 0.16 BTC [+] {3}
lnovy: price is too damn high!
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
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).
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?
lnovy: amex opex of what?
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
dub: smaller than visa and mc tho
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.
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 [-]
dub: probably to process a reciept for every bullet the USG buys
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: 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 [+]
dub: a US megacorp i worked for pushed an innordinant amount of what should have been internal txns out to amex
dub: expect there is a lot of that going on, why run lean?
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}
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
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."
ozbot: Chairman's Letter - 1982
dub: meh its too hard to explain how the world works to someone thats never had a job
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: thought maybe amex got pissed or something
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?
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
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}
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
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 [+]
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}
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: 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
assbot: [HAVELOCK] [CBTC] 19200 @ 0.00014999 = 2.8798 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 17400 @ 0.00079758 = 13.8779 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 7750 @ 0.00079659 = 6.1736 BTC [-] {2}
assbot: [HAVELOCK] [AM1] 1 @ 0.61000001 BTC [-]
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}
assbot: [HAVELOCK] [PETA] 2 @ 0.06999998 = 0.14 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 44 @ 0.00338159 = 0.1488 BTC [+] {4}
assbot: [MPEX] [S.MPOE] 5100 @ 0.0007991 = 4.0754 BTC [+]
assbot: [MPEX] [S.MPOE] 26143 @ 0.00080088 = 20.9374 BTC [+] {4}
gribble: Time since last block: 10 minutes and 36 seconds
balulasch_: cbtc's 2weekly report will be big news
assbot: [MPEX] [S.MPOE] 1256 @ 0.00080451 = 1.0105 BTC [+]
balulasch_: hope they will release it today even though its sunday
balulasch_: why do i never get an answer that makes any sense
balulasch_: just read a lot of the channels log aswell
Duffer1: it's good that you're hear though
balulasch_: can someone recommend me some useful irc channels?
Duffer1: you can hang around and try to avoid catastrophic losses i suppose
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
assbot: [HAVELOCK] [NEOBEE] 246 @ 0.00320465 = 0.7883 BTC [-] {7}
gribble: Time since last block: 32 minutes and 34 seconds
ThickAsThieves: mp's big news is that bitcoin is hacked, he;s just waiting for his coins to clear
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.
gribble: Time since last block: 1 minute and 6 seconds
assbot: [MPEX] [S.MPOE] 30550 @ 0.00080591 = 24.6206 BTC [+] {3}
ozbot: March against police brutality declared illegal, broken up - Montreal - CBC News
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}
ozbot: An era ends today. A new era starts today. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: also if anyone wants to put it on reddit (and thanks jcpham for mentioning the lulzy reddit "bet", he inspired me)
assbot: [HAVELOCK] [AM1] 4 @ 0.612755 = 2.451 BTC [-] {3}
gribble: Time since last block: 26 minutes and 24 seconds
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}
mircea_popescu: balulasch_ can you calculate the odds of a block taking 30 minutes to solve ?
ozbot: 3-year-old Mateo Makes His Case for Cupcakes: "Linda, honey, just listen." - YouTube
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
balulasch_: do you think the total wagered coins on bit777 main page are made up?
ThickAsThieves: i hope he hope his cheated-on wife makes a similar video in 20 yeards
ozbot: blues brothers - sell me your children - YouTube
ThickAsThieves: balulasch_ I take it you're the one with the 35k-share ask wall on CBTC
balulasch_: 2014-03-16 07:01:1318756฿0.00015000฿2.8134
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: yeah well. tell them to start making proper reports and stop with the nonsensical "we are great ra ra ra" bullshit,
Neil: Oh dear; I now have 12 months of loading bitbet to see Berkshire Hathaway at the top.
mircea_popescu: you never know when a diff bet comes and swoops the top spot you know ?
ozbot: CasinoBitco.in - Public
Neil: Gotta say despite the odds I'm not gonna bet No on that one.
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.
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 ?
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
Neil: Would be funny if Buffett bet 1k BTC on the other side tho.
assbot: [HAVELOCK] [B.MINE] 2 @ 0.052399 = 0.1048 BTC [+] {2}
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!"
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
mircea_popescu: well, we should be so lucky to live to be our own parodies.
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: i aalways thought most people lived as parodies of themselves
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
mircea_popescu: speaking of which "kardashian is a hobbit" sp kicked ass.
ozbot: 2 involved in apparent stabbings mum, RNC investigate - Newfoundland & Labrador - CBC News
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?
ozbot: Bitcoin Baron Bets Bitcoin Beats Berkshire : Bitcoin
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 behemoth barony brouhaha bashed
ThickAsThieves: fwiw i watched the nethash decrease about 200TH over the past hour
gribble: Time since last block: 4 minutes and 15 seconds
Duffer1: trouble at mount asicminer?
ozbot: Twitter / Mircea_Popescu: Tremendously tittilating title ...
ThickAsThieves: Can you tell I've been reading TheRegister for more than a decade?
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
Diablo-D3: bitcoin brony baron bets bitcoin beats berkshire
balulasch_: mircea_popescu did you set up this bet?
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
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
Diablo-D3: that was a looooooooooooong time ago
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
balulasch_: i have friends who still watch it after 15yrs
Diablo-D3: well I remember everyone quit watching it, then they had that NWO shit
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
ThickAsThieves: wrestling was always the hot topic whilst learning about jesus
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
mircea_popescu: ThickAsThieves did you get a little white tutu and everything ? or do they only do that for girls
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"
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
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
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
ThickAsThieves: it's weird, it happened to me both times i was in Amsterdam
ThickAsThieves: "Bitchin' bet, bro! Bitcoin bears best become Bitcoin bulls."
Diablo-D3: .... you know, why has there never been a financial blog for bears named bullshit?
Diablo-D3: seems like a lost oppertunity there
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
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."
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.
Duffer1: what was the market cap of BTC this time last year? i'm sure it was already well beyond 200k..
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
ThickAsThieves: yeah, i suspect any violent increase in inflation would result in a more abrupt increase in bitcoin value than BRK-A
assbot: [HAVELOCK] [CBTC] 1400 @ 0.00015 = 0.21 BTC [+]
ozbot: Julie Ann Horvath Describes Sexism And Intimidation Behind Her GitHub Exit | TechCrunch
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
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
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.
mircea_popescu: "Holy moly - someone bet 1000 xbt. Is that you, Roger?"
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: s just... worst fucking thing you can do in memory of someone who died
ThickAsThieves: the BRK bettor already saying he won't bet cuz it's in bitcoin
mircea_popescu: i thought he won't bet because all he had was a 25 bitcent share.
assbot: [HAVELOCK] [RENT] 18 @ 0.00565901 = 0.1019 BTC [+] {2}
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 [+]
ozbot: 4.250 billion | Next Diff in 1456 blocks | Estimated Change: 8.4784% in 9d 5h 55m 19s
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 :/
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_: 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 [-]
datz_: how do we list on MPEX?
datz_: i run a company we want listed
datz_: that does crypto assets
datz_: we want to pay homage and do a funding round on MPEX
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_: just don;t use IRC
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
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!"
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
mircea_popescu: no, i was being plain. shit or not shit, i'm here after all.
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 :)
chetty: its the modern form of the gentlemans club :P
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: 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.
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?
ozbot: User talk:5.153.234.66 - WoWWiki - Your guide to the World of Warcraft
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: Unsatisfactory .bait links lately.
mircea_popescu: sheldonthomas trying to decide if you should trust yourself ?
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
gribble: Error: No orders for this currency present in database.
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".
assbot: [HAVELOCK] [NEOBEE] 43 @ 0.0034895 = 0.15 BTC [+]
assbot: [MPEX] [S.MPOE] 16450 @ 0.00088747 = 14.5989 BTC [-] {3}
gribble: Nick 'gribble', with hostmask 'gribble!~gribble@unaffiliated/nanotube/bot/gribble', is not identified.
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
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
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: 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!"
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 :(
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."
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: he posts about the bet and elaborates, and people still think it's erik...
Mats_cd03: the link with the most traffic points to bitbet
Mats_cd03: i'll perforate your hands for a small fee
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: 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
assbot: [MPEX] [S.MPOE] 13784 @ 0.00088721 = 12.2293 BTC [+]
mircea_popescu: "Buffett, Bitcoin Bear, Believes Berkshire Better Bet Because Bitcoin's Bubble Bound to Burst"
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 )
assbot: [MPEX] [S.MPOE] 7150 @ 0.00088721 = 6.3436 BTC [+]
nubbins`: any of you folks collect bullion?
nubbins`: i just took a gold buffalo out of the packaging
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`: seriously, the edge isn't even a uniform thickness
nubbins`: and there's a sharp ridge by the fatter part
mircea_popescu: fun fact : the buffalo is worth like 2k, and yet nominal face value would be like $50
assbot: [HAVELOCK] [PETA] 2 @ 0.067501 = 0.135 BTC [-]
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
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
joecool: nubbins`: never noticed you're newfie, i'll be there for like a month this summer
joecool: nubbins`: pleasure, gf's parents own a house there
joecool: lettin us use it for a month
joecool: mircea_popescu: yeah iknorite?
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?
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?
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
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.
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
joecool: should bring back the "become a fan" button
nubbins`: "lost my baby today, feels like my heart has been ripped from my chest"
mircea_popescu: "After my gangrape last night the doctors had some bad news :
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
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
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`: except for the people in /r/til
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.
freeroute: what particular dead horse tropes are you referring to?
freeroute: I guess it depends on the application, it won't make everything safe
mircea_popescu: if you think about it : sites like bitbet require the power to pay winners.
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.
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: 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}
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: applied mathematics still has to be applied. and i was there when communism fell, and i saw no mathematics anywhere around me.
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`: what's unicorn cum an example of?
freeroute: mircea_popescu: difficult. I'd say both, I wouldn't trust it more then I would trust security through obscurity
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)
ThickAsThieves: freeroute, so decentralized protects people from scammers?
freeroute: web of trust, yes. Like the GPG WOT?
mircea_popescu: ThickAsThieves it protects people from having to bow down to their superiors, which idiots with delusions of independence loathe.
freeroute: ThickAsThieves: it makes stock issuance and distribution extremely resilient
freeroute: but at least that prevents the exchange screwing everyone over
mircea_popescu: freeroute and yet this is a solved problem in fiat too.
freeroute: closing exchanges, for one. over-zealous regulators is another.
assbot: [MPEX] [S.MPOE] 3800 @ 0.00088607 = 3.3671 BTC [-]
nubbins`: WELL GREAT THERE GOES THE CONVERSATION
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?
freeroute: of course you can't, but you can minimize their impact on it
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05439423 = 0.1088 BTC [+]
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)
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?
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?
Mats_cd03: without a centralization authority which the protocol lacks for this purpose
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: 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
Mats_cd03: i suppose a combined legal and technical approach would be a best-effort case for enforcement
freeroute: even so, they parties who disagree can easily operate in area's which do not have those regulations
Mats_cd03: i would not bet any of my wealth on a best-effort approach
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: all the world is international, yet every country has different laws
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.
Mats_cd03: youve blown my mind, i never realized that about bitcoin /s
ThickAsThieves: for all we know it's majorly flawed and the people that know choose to just bank off it
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.
freeroute: well you can't abolish trust entirely, that would be unreal
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
freeroute: the metadata is inside of the BTC tx'es, right?
freeroute: the client, same way the BTC client parses the blockchain
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
ThickAsThieves: in the end though youre still quite a slave to the issuer
freeroute: well no one stops a service vetting issuers
assbot: [HAVELOCK] [B.MINE] 2 @ 0.05396624 = 0.1079 BTC [+] {2}
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: but that's the nature of decentralized and unregulated systems
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}
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.
cadmus2: MtGox is mentioned on the FAQ page - came in here to let someone update it
freeroute: mircea_popescu: hmm, I was under the impression that OT was still being developed
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
freeroute: mircea_popescu: cool, I'll give them a read.
assbot: [HAVELOCK] [PETA] 2 @ 0.06907202 = 0.1381 BTC [+]
assbot: [MPEX] [S.MPOE] 8337 @ 0.00088008 = 7.3372 BTC [-]