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Transcript for 08-02-2014, 2709 lines:

00:00:08 the20year: COrrect

00:00:10 Namworld: Spray of bullets could also work.

00:00:11 KRS-One: ;;lasers

00:00:11 gribble: ┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew!* *pew!* *pew!*

00:00:20 the20year: That would do hypersonics, but the distance to intercept is only 200-300mi

00:00:23 the20year: and won't work in inclement weather

00:00:35 mircea_popescu: tracking missiles from a satellite isn't quite as trivial as all that.

00:00:43 the20year: but magic

00:00:57 Namworld: Not trivial, but probably doable.

00:01:03 the20year: We already use satellites to track potential ICBM launches, but tracking RVs is quite hard

00:01:06 BingoBoingo: I'm telling you, top the interceptor missile with a 30 kt warhead and your margin of error is covered

00:01:09 mircea_popescu: this is what people usually say about driving with their feet.

00:01:15 the20year: Especially since a modern ICBM is gonna launch 10, 20, 30 decoy warheads

00:01:28 asciilifeform: last i heard, moscow is still covered by '50s-style mini-nuke launchers.

00:01:33 the20year: SS21 can have 20 warheads, 17 are dummies, 3 are real

00:01:41 the20year: *20 warheads per missile

00:01:53 the20year: At 50 missiles launched, thats 1,000 warheads coming down on your country

00:02:02 asciilifeform: basic problem is, the answer to a 'defensive' missile is always cheaper than itself

00:02:05 asciilifeform: (decoys)

00:02:17 Namworld: Bullet sprays

00:02:20 mircea_popescu: "Strategic missile defense might therefore very well constitute the worst investment-return ratio of any major military system in U.S. history"

00:02:22 mircea_popescu: such bs this.

00:02:47 the20year: What's the economic impact of a 1mt warhead detonating 10000ft in the air over manhattan?

00:03:23 Namworld: 1 million bullet is cheap. Rain it. It's efficient at destroying incoming explosives.

00:03:31 asciilifeform: the20year: it'll be ground-burst. because fedex, rather than ballistic, delivery vehicle.

00:03:35 BingoBoingo: mircea_popescu: At the current rate it looks like the F-35 takes the cake. Does nothing well as an airplane, because the Marine corps insists they need a fighter jet that works like a helicopter

00:03:44 the20year: F35 is likely the worst

00:03:49 mircea_popescu: ahahaha

00:03:56 mircea_popescu: yeah, that. i remember that.

00:03:57 the20year: Especially when the F22 can do the same crap it does, with 10 year older technology for a unit cost that's 30% lower

00:04:51 mircea_popescu: at least they're not asking for an airplane that works like a submarine

00:04:53 mircea_popescu: (yet)

00:04:55 the20year: OR we could have brought the F23 into production, and done the same thing

00:04:59 asciilifeform: or boat. great lakes, as suggested by V. N. Chelomey.

00:05:19 the20year: Military procurement is by far the most corrupt system in the government

00:05:30 the20year: I talk to so many contractors that go into vivid detail of the corruption

00:05:46 BingoBoingo: the20year: The problem with the F-22 as a universal fighter jet is it is too big for an aircraft carrier. (Apparently noone considered making the smaller version)

00:05:49 mircea_popescu: anyway : who was ranting about how china isn't a threat ?

00:05:53 mircea_popescu: china is a threat.

00:05:57 KRS-One: ^

00:06:05 mircea_popescu: (cause obviously, the hypersonic missiles in discussion are chinese tech)

00:06:06 BingoBoingo: Dimsler Maybe?

00:06:08 asciilifeform: btw people fundamentally misunderstand the chinese rocket in the link.

00:06:15 asciilifeform: the whole point is to fly below radar

00:06:23 asciilifeform: you know it was there when the payload pops.

00:06:27 Dimsler: lol

00:06:29 Dimsler: who call my name

00:06:33 the20year: There supposedly is a YF23 version that was carrier capable, at a unit cost still well under the F35

00:06:36 Namworld: http://www.youtube.com/watch?v=cgpQBZF2sZQ

00:06:37 ozbot: Phalanx (CIWS) Block 1B LPWS Testing and Firing - YouTube

00:06:43 Dimsler: mig 29 for life

00:06:57 BingoBoingo: Mig 25 is best mig

00:06:58 mircea_popescu: BingoBoingo actually it was some random journofuckwit. http://fraudsters.com/2014/most-wrong-and-absolutely-wrongest/

00:07:04 BingoBoingo: AH

00:07:15 the20year: mig 3

00:07:40 Namworld: With visual instead of radar. Bullet spray. Very efficient considering the cost of bullets. Most expensive is probably the tracking systems.

00:07:58 the20year: and on a boat that is moving on waves....a bit more difficult

00:08:11 mircea_popescu: Namworld i don't think you fully grok the mechanics involkved.

00:08:12 the20year: Remember during the faulklands, the UK ships had those and were able to intercept a total of 0 missiles

00:08:20 mircea_popescu: the missile is going about 10x as fast as your bullets.

00:08:29 the20year: eh , they're about the same

00:08:34 BingoBoingo: And bullets can only go so far up

00:08:44 the20year: they have a range of about 2mi

00:08:47 mircea_popescu: basically a steel mesh would be better than a bullet in this configuration.

00:08:55 the20year: They have those

00:09:02 mircea_popescu: especially if the wind makes it vibrate.

00:09:04 the20year: Mesh type missiles, that explode a large metal mesh

00:09:20 Namworld: It doesn't matter if you can shoot a volley where the incoming target will be.

00:09:22 asciilifeform: just looked out the window. no steel mesh dome over wash., d.c. yet.

00:09:38 mircea_popescu: but... you don't know where the thing will be.

00:09:40 asciilifeform: must be behind schedule.

00:10:09 mircea_popescu: asciilifeform they keep knocking it, but ultra tensile meshes are better than all the crap they've built so far

00:10:13 Namworld: Why wouldn't you if you can visually track the incoming projectile?

00:10:19 mircea_popescu: you can't see that fast.

00:10:54 Namworld: What do you mean by that?

00:10:56 asciilifeform: on top of it all, the earth... is round.

00:10:57 mircea_popescu: the 20 frames of a second cover a distance of about 3 miles say.

00:11:19 KRS-One: hypersonic is faster than radar too

00:11:32 mircea_popescu: depends on wavelength, but it IS probl;ematic for radar too yes

00:11:35 KRS-One: depending on angle i guess

00:11:55 asciilifeform: no one even tangentially involved with u.s. mil. work has any real doubt as to the actual purpose of 'missile defense' crap.

00:12:08 mircea_popescu: i didn't think we did either.

00:12:13 asciilifeform: just in case.

00:13:29 Namworld: Yes, even at 3 miles per second. Is that such a problem with almost instant reaction? Enough to reach incoming target before it's close enough. It might be a bit too close for comfort I guess.

00:13:42 mircea_popescu: it's a problem in that you can't...actually...see it.

00:13:50 mircea_popescu: most people who get punched out claim they never saw the fist.

00:13:50 BingoBoingo: I was acquainted with someone who worked on an unclassifed project about as useful as missile defense. Essentialy the device was a hair drier large enough to accomodate a 747, because anthrax

00:13:56 mircea_popescu: the fist isn't coming from 3 miles away.

00:14:14 asciilifeform: let's do gedankenexperiment.

00:14:22 Namworld: I never said a human would need to react to it.

00:14:28 asciilifeform: imagine you possess a death ray that magically zaps a rocket, from any distance.

00:14:36 asciilifeform: death ray must be physically aimed.

00:14:51 asciilifeform: so now you need a certain number of them, to cover however-many steradians sector of fire.

00:15:01 asciilifeform: a death ray can zap one rocket at a time.

00:15:15 theo__: Or better yet a satellite system that has lasers built in to act as a defense over the earth creating a overlaying network of defense?

00:15:22 asciilifeform: all enemy needs to do is fire enough rockets simultaneously...

00:15:33 mircea_popescu: Namworld the human eye is much better than tech ersatzes.

00:15:51 asciilifeform: keep them coming until the death rays cannot keep up

00:16:08 mircea_popescu: asciilifeform the salmon strategy, by its scientific name.

00:16:09 asciilifeform: rocket is cheaper than any conceivable 'death ray' or other countermeasure.

00:16:13 asciilifeform: correct.

00:16:19 Namworld: The human eye can't see far and human reaction is far slower than tech ersatzes...

00:16:32 BingoBoingo: Well, nuclear weapons require less unobtanium than death rays

00:16:35 mircea_popescu: Namworld so you think, but once you factor in the various factors it's actually no longer the case.

00:16:56 KRS-One: rocket isnt cheaper than sharks with laser rays

00:17:16 mircea_popescu: KRS-One seeing how more people own a dozen rockets than a dozen laser sharks...

00:17:23 Namworld: Well we have defense system that are far more accurate and quicker to react than humans already...

00:17:27 asciilifeform: russians (and, at one point, americans) were willing to pop nukes over their own city at one point

00:17:28 mod6: ATC: 1G34X8K9LYsZMn4dQ4e7HFe5V127zV6Ln6

00:17:32 asciilifeform: but that was mainly to delay the inevitable

00:17:41 asciilifeform: and survive long enough to get a return-shot in.

00:17:42 BingoBoingo: KRS-One: The shark is too valuable on the plate and in the soup bowl to give it a laser

00:17:44 KRS-One: sharks dont need fuel

00:17:46 asciilifeform: rather than defense in the usual sense of the word.

00:18:04 mod6: wow, diff is up to: "difficulty" : 62719.43923596,

00:18:21 mircea_popescu: asciilifeform the best part of all this, of course, is that point defense is becoming an exercise in stupidity anyway

00:18:28 mircea_popescu: who needs fixed points and for what the fuck.

00:18:30 KRS-One: ok fine i just happen to have a dream of owning my own shark tank with laser rays for my enemies ok?

00:18:46 mircea_popescu: what "cities"

00:18:56 assbot: [MPEX] [S.MPOE] 12250 @ 0.00086422 = 10.5867 BTC [-]

00:19:20 BingoBoingo: KRS-One: If you have farm raised sharks with certifiably low mercury levels, I am pretty sure there are worth much more as food than guards

00:19:26 chipug: if it's not specified the state of the shark, you can get plastic ones for $12.99

00:19:35 mircea_popescu: a practical mind.

00:19:36 asciilifeform: 'no city is defended whose walls can admit an ass loaded with gold.'

00:19:40 chipug: http://www.thinkgeek.com/product/f2eb/

00:19:42 ozbot: ThinkGeek :: Shark With Frickin' Laser Pointer

00:19:52 asciilifeform: (or a fedex truck...)

00:23:00 assbot: [HAVELOCK] [NEOBEE] 35 @ 0.00308199 = 0.1079 BTC [+] {2}

00:24:05 mircea_popescu: http://24.media.tumblr.com/tumblr_mcvn7kPpmk1r8ra1ho1_400.jpg

00:24:15 mircea_popescu: girl that's never been in a pool hall before... props her nose on the cue.

00:25:02 assbot: [HAVELOCK] [B.SELL] 1 @ 0.125 BTC [-]

00:32:09 assbot: [HAVELOCK] [SFI] 550 @ 0.0008 = 0.44 BTC [+]

00:38:15 assbot: [HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC

00:42:19 assbot: [HAVELOCK] [AM100] 49 @ 0.00510164 = 0.25 BTC [+] {4}

00:44:16 KRS-One: Love how everyone looks like its perfectly normal to have a barenaked lady standing there in the pool hall.

00:45:06 BingoBoingo: KRS-One: What's abnormal about it? Ever been to a pool hall?

00:45:18 KRS-One: BingoBoingo: of course I have foo

00:45:31 KRS-One: Turn down the troll a bit.

00:46:38 KRS-One: BingoBoingo: The thing is you can go to a disco but are you really safe? Any number of those fancy lights and beams could be a death ray.

00:47:17 BingoBoingo: KRS-One: I've never considered that

00:47:24 assbot: [HAVELOCK] [AM1] 1 @ 0.52 BTC [+]

00:47:29 KRS-One: Kinda makes you think, doesn't it?

00:48:04 BingoBoingo: KRS-One: Might be an interesting episode of Law and Order. Catching the criminal who switches dance lasers with death lasers.

00:48:37 mircea_popescu: BingoBoingo her looking good is the abnormal part.

00:48:39 KRS-One: i know, right?

00:48:48 BingoBoingo: Yes it is.

00:49:14 BingoBoingo: Usually she'd be 20 years older and... the things that go with that

00:49:26 KRS-One: My friend josh bought a laser you can actually see in the air..fucker hurts.

00:50:01 KRS-One: its blue

00:50:22 mircea_popescu: high power lasers are usually blue

00:50:35 KRS-One: he said there are way more powerful onees.

00:50:54 mircea_popescu: ya but none are red.

00:51:11 KRS-One: you can cause some major mischief with one..only limited by your imagination really.

00:54:26 KRS-One: ,bait

00:54:27 KRS-One: http://i.imgur.com/WKi8XWS.jpg

00:55:32 assbot: [HAVELOCK] [CBTC] 1490 @ 0.00013418 = 0.1999 BTC [+]

00:56:46 Duffer1: almost clicked

00:56:48 BingoBoingo: .bait

00:56:51 ozbot: http://24.media.tumblr.com/f7dce41af0d5d67220df3ba49b7436f2/tumblr_my91exllou1rlftbao1_1280.jpg

00:58:12 pankkake: .bait

00:58:14 ozbot: http://31.media.tumblr.com/e36721decc3fc6dc410e22210ce708eb/tumblr_mxrjuivsBp1soukswo1_1280.jpg

00:59:04 mircea_popescu: ;;later tell bugpowder https://bitcointalk.org/index.php?topic=449354.msg5006812#msg5006812 << all the good work you're doing. want some atc ?

00:59:04 gribble: The operation succeeded.

00:59:25 Bugpowder: I aim to serve

00:59:29 mircea_popescu: o hello

00:59:30 Bugpowder: I take DOGE

00:59:36 mircea_popescu: somehow i thought you weren't here lol

00:59:39 mircea_popescu: hahaha i has no doges ;/

00:59:55 mircea_popescu: but i tell you! it's great to have a token worthless internet funbux currency to throw around

01:00:01 mircea_popescu: you know, the way bitcoin USED TO BE

01:00:37 assbot: [HAVELOCK] [B.SELL] 1 @ 0.126 BTC [+]

01:00:44 Bugpowder: I bought 20M doge at 35 and sold at 44.

01:00:46 mod6: bid: .15 BTC for 100000 ATC

01:00:57 mircea_popescu: that satoshis ?

01:01:01 Bugpowder: yah

01:01:05 mircea_popescu: don't be a fool, atc is actually like 100-150

01:01:22 Bugpowder: atc is a mythical alt currency inside joke?

01:01:25 mircea_popescu: mhm.

01:01:45 Bugpowder: sigh

01:01:46 mod6: oh? thought 1.0 ATC ~ 0.00000150 BTC

01:01:59 mircea_popescu: mod6 that'd be ~150 satoshi neh ?

01:02:16 mircea_popescu: a, i was talking to him re the 35 44

01:02:19 Bugpowder: I hear ATC is now pegged to the DOGEer.

01:02:19 mod6: yeah, so figure for 100k ATC... be about .15 btc total?

01:02:24 mod6: oh ok.

01:02:25 mod6: srry.

01:02:32 BingoBoingo: I'd like to find someone with 30k alt to sell me at 150 satoshi

01:03:08 mircea_popescu: i think in a day or two alt blockchain will have done more hashng than all of doge in its entire history.

01:03:11 mircea_popescu: which... myeah.

01:03:11 Dimsler: i didn't know this was a trading floor for garbage?

01:03:13 Dimsler: oh wait

01:03:17 BingoBoingo: That would make my balance 31337

01:03:18 Dimsler: it is a trading floor for garbage

01:03:37 pankkake: not the same proof of work, does not compare

01:03:41 BingoBoingo: Dimsler: Garbage, unlike doges have a use though

01:04:07 mircea_popescu: pankkake not like i forced them use a dumb pow

01:04:25 mircea_popescu: a gallon is a gallon if you carry it in the truck or on the back.

01:04:40 pankkake: so more hashes is better

01:04:44 mircea_popescu: definitely.

01:04:48 pankkake: not the size of the hash

01:04:54 pankkake: so hashes are not boobs

01:04:56 pankkake: interesting

01:05:03 mircea_popescu: no hashes are phone numbers.

01:05:42 assbot: [HAVELOCK] [AM1] 1 @ 0.51999996 BTC [-]

01:06:43 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00308199 = 0.1541 BTC [+]

01:09:19 ThickAsThieves: bugpowder it's not a joke it's an experiment in irony, tribes, and feedback loops

01:09:37 ThickAsThieves: i just realized i havent even started quoted seth goden yet

01:09:45 ThickAsThieves: quoting

01:09:59 ThickAsThieves: godin*

01:10:24 Bugpowder: Well, I think there is a real market opportunity for localaltcoins.com.

01:10:44 mircea_popescu: coelho is one thing, but godin...

01:10:57 ThickAsThieves: “Instead of wondering when your next vacation is, maybe you should set up a life you don't need to escape from.”

01:10:57 ThickAsThieves: ― Seth Godin

01:10:58 mircea_popescu: dun be killing this thing.

01:11:07 ThickAsThieves: lol

01:11:11 mod6: ;;view

01:11:12 gribble: #19517 Fri Feb 7 20:10:59 2014 mod6 BUY 100000.0 ATC @ 1.5e-06 BTC (Want to buy 100,000 ATC for a total of 0.15 BTC, must have WoT rating. PM me.)

01:11:26 mircea_popescu: Bugpowder perhaps, but maybe not in the us.

01:11:50 mircea_popescu: it'd certainly be a great party thing to do.

01:11:55 ThickAsThieves: “If you can’t state your position in eight words, you don’t have a position. ”

01:11:55 ThickAsThieves: ― Seth Godin

01:12:04 ThickAsThieves: perfect

01:12:21 mircea_popescu: seth godin is an intolerable fartsniffing retard

01:12:27 mircea_popescu: don't even need 8.

01:12:33 ThickAsThieves: lol

01:12:36 mod6: haha

01:13:14 mircea_popescu: i always thought the farts southpark episode was about him, but they didn't want to name him figuring (corrctly) that he's obscure enough he'd gain from the exposure

01:15:01 Bugpowder: No you only trade your ATC for BTC locally. It's not money laundering, its ATC laundering. Very different.

01:15:19 ThickAsThieves: anyone that is trying to teach marketers something, is teaching them how to be a consumer

01:16:06 ThickAsThieves: I was thinking about banning russia from ATC

01:16:26 mod6: fight back

01:17:53 mod6: ;;later tell nanotube i want to buy 500 btc from you at 0.25, as per your outstanding offer. << this comment from the OTC wiki lol

01:17:53 gribble: The operation succeeded.

01:17:58 mod6: oh shit. lol

01:18:01 mircea_popescu: ThickAsThieves you could ban new jersey

01:18:18 mod6: whoops, should have removed that ';;

01:18:35 ThickAsThieves: or added it to that comment

01:19:15 mod6: sorry nano

01:19:36 ThickAsThieves: i went to new jersey. once.

01:19:57 ThickAsThieves: everyone i met was a special kind of fucked up

01:20:22 pankkake: Breaking news: Altcoin not banned in Russia

01:20:39 mod6: sweet, hook me up

01:21:09 ThickAsThieves: Altcoin can't be banned, it does the banning

01:21:25 ThickAsThieves: like today, it banned me

01:21:32 mod6: http://www.youtube.com/watch?v=RDoaf5Vnh7s

01:22:24 ozbot: Hitler's Maxcoin Rant - YouTube

01:22:32 mod6: :)

01:22:59 ThickAsThieves: was there an epic maxcoin failure?

01:23:12 BingoBoingo: ThickAsThieves: It's origin?

01:23:25 ThickAsThieves: well

01:23:27 mod6: *shrug*

01:25:50 ThickAsThieves: this hitler video, lol

01:27:03 assbot: [MPEX] [S.MPOE] 9150 @ 0.00086405 = 7.9061 BTC [-]

01:28:32 mircea_popescu: ThickAsThieves yeah.

01:29:27 ThickAsThieves: http://www.seattlepi.com/entertainment/tv/tvguide/article/Report-Philip-Seymour-Hoffman-to-be-Digitally-5214202.php

01:37:38 mircea_popescu: https://bitcointalk.org/index.php?topic=452662.0;all

01:37:41 ozbot: MAXCOIN FAIL. Show Max Keiser your thoughts right here.

01:38:05 mircea_popescu: ;;later see thickasthieves, you may be 12 and have no idea what you're doing, but at least you don't fail quite as bad as max keiser :D

01:38:06 gribble: Error: The "Later" plugin is loaded, but there is no command named "see" in it. Try "list Later" to see the commands in the "Later" plugin.

01:38:15 mircea_popescu: ;;later tell thickasthieves see, you may be 12 and have no idea what you're doing, but at least you don't fail quite as bad as max keiser :D

01:38:15 gribble: The operation succeeded.

01:47:23 assbot: [MPEX] [S.MPOE] 18279 @ 0.00086655 = 15.8397 BTC [+] {2}

01:52:28 assbot: [HAVELOCK] [B.SELL] 1 @ 0.127 BTC [+]

01:53:29 assbot: [HAVELOCK] [B.MINE] 2 @ 0.07 = 0.14 BTC [+]

01:56:18 theo__: mmmmm quiet time while bitcoin jumps around

01:57:33 assbot: [HAVELOCK] [B.EXCH] 4 @ 0.19376446 = 0.7751 BTC [+]

02:01:47 b0n1: hey guys! when is the btc conference of this channel?

02:02:02 b0n1: aka romania

02:02:40 jurov: <the20year> for some reason all the guys at havelock hate text commuication and always call << I can confirm

02:02:56 jurov: <the20year> There was one guy i talked to who was alright, lots of miscommunication << This too.

02:03:26 jurov: ;;google fraudsters conference second edition

02:03:27 gribble: The conference, second edition pe fraudsters - Un blog de Mircea ...: http://fraudsters.com/2013/the-conference-second-edition/; Mai 2013 pe fraudsters - Un blog de Mircea Popescu.: http://fraudsters.com/2013/05; Emmanuel Farhi - IMF: http://www.imf.org/external/np/res/seminars/2013/arc/pdf/farhi.pdf

02:03:37 jurov: ^ b0n1 the first one

02:04:36 theo__: jurov: in your experience with this being the case would you invest into first there IPO's and 2ndly would you trust them with your BTC

02:05:01 the20year2: And yet havelock is much more organized then BF was

02:05:08 the20year2: they have alot of good stuff going for them

02:05:16 jurov: i don't have enough btc to divest in such way, after all

02:05:40 theo__: What happened to BF? did they just up and run? or get hacked or something?

02:05:40 jurov: so i hevn't not look closer into rentalstarter

02:06:04 jurov: theo__: they "talked to lawyer"

02:06:36 theo__: jurov: i meant in regards to havelock not Rentalstarter

02:06:58 theo__: So they closed because they didn't think they had the legal grounds to stand on?

02:07:24 jurov: maybe. ukyo isn't disclosing anything concrete

02:07:48 Duffer1: i believe btc-tc and bitfunder were likely shutdown by some manner of US federal gov intervention

02:07:53 Duffer1: neither will talk about it

02:08:16 jurov: and what' worse, ukyo hasn't paid out 92% of btc, again due to undisclosed problems

02:08:38 Duffer1: likely a funds seizure

02:08:48 Duffer1: at best, fractional reserve loss at worst

02:09:05 b0n1: jurov what do you mean?

02:09:11 b0n1: the first one?

02:09:19 jurov: the first link

02:09:26 jurov: from google

02:09:33 Duffer1: http://fraudsters.com/2013/the-conference-second-edition/ b0n1

02:09:34 ozbot: The conference, second edition pe fraudsters - Un blog de Mircea Popescu.

02:10:44 b0n1: I honestly want to meet you guys, but wtf so high price?

02:10:46 assbot: [HAVELOCK] [CBTC] 1483 @ 0.00013418 = 0.199 BTC [+]

02:11:12 b0n1: I am one of the early adopters as you all are, but 10 btc for a meeting?

02:11:27 jurov: b0n1: afaik you can come as non-vip, you'll pay everything yourself

02:12:09 jurov: and it isn't 10btc, but $1000 anyway (converted by current rate)

02:12:48 assbot: [HAVELOCK] [RENT] 22 @ 0.0055 = 0.121 BTC

02:12:55 jurov: oh and since it's buried in comments, especially if you book intercontinental flights,

02:13:00 b0n1: I really dont know why the price... this just smells bad

02:13:06 randomcloud: Hey, is BingoBoingo here?

02:13:09 jurov: look into Budapest destination

02:13:16 jurov: instead of Timisoara

02:13:31 b0n1: give me a good reason for the price?

02:13:50 jurov: me? ask mp

02:14:13 b0n1: mircea_popescu`

02:14:14 b0n1: ?

02:14:16 jurov: yes

02:14:19 b0n1: why such a high price?

02:14:40 Duffer1: price is $1k, like 1.2 btc not 10, includes shuttle service, rooms at 4star hotel w/ breakfast, free drinks everywhere

02:14:53 b0n1: what is this? 10 girls doing a lapdance for everybody taking part?

02:15:51 assbot: [HAVELOCK] [DEALCO] 40 @ 0.00448164 = 0.1793 BTC [+] {4}

02:16:20 Duffer1: oh 1740$ since it's 2014 already >.<

02:16:58 chipug: you would end up paying more, breaking it all down and paying yourself

02:17:36 chipug: weren't they all clubbing in for the germany party too?

02:17:41 b0n1: I know that meeting people is important... and I also know that meeting important people is more important... but what the fuck should I think about a 10btc meeting? Honestly, I dont understand it...

02:18:04 Duffer1: b0n1 = jimmothy

02:18:04 jurov: just register as non-vip, the hotel rooms and meals are not very expensive

02:18:19 Duffer1: it's not 10btc

02:18:26 b0n1: how much?

02:18:41 jurov: i'm trying to exaplin it's in usd, too, but b0ni is already freaed out

02:18:47 Duffer1: 1740$ usd

02:20:38 jurov: ^ yes, paid in btc by current market rate

02:21:28 chipug: b0n1: it's not like that's the price of doing it yourself. that's the price of a nice package with it

02:21:41 mod6: b0n1: its 10 BTC to get on the VIP list. you should read the article again.

02:22:59 jurov: and there are hostels in timisoara. i was in one after missing my train, was nice, can't complain

02:23:09 b0n1: If I read the article there are 2 options:

02:23:11 b0n1: 1. I dont go

02:23:16 b0n1: 2. I go as VIP

02:23:28 jurov: 3. register

02:23:32 jurov: 4. show up

02:23:36 mod6: oh, maybe Im wrong actually. i read it like a year ago.

02:24:14 jurov: mod6 stfu

02:24:29 jurov: I paid only 5 because the rate went up

02:24:31 mod6: lol

02:25:04 jurov: you're causing unnecessary outrage :D

02:25:14 b0n1: I really cant believe davout paid 10 btc to go there...

02:25:35 jurov: who knew

02:25:55 theo__: so what? 2 years ago that was like $0.10

02:27:02 assbot: [MPEX] [S.MPOE] 17421 @ 0.00086848 = 15.1298 BTC [+]

02:28:02 mircea_popescu: <Duffer1> i believe btc-tc and bitfunder were likely shutdown by some manner of US federal gov intervention << people believed the same of glbse.

02:28:37 Duffer1: am i wrong?

02:28:40 mircea_popescu: <b0n1> I am one of the early adopters as you all are, but 10 btc for a meeting? << what have you done ?

02:29:09 mircea_popescu: Duffer1 yes, you are wrong. for instance when the govt closed down the sr, you knew this because... they said so.

02:30:06 assbot: [HAVELOCK] [B.SELL] 1 @ 0.127 BTC [+]

02:30:37 Duffer1: if not govt intervention why would btc-tc shutdown?

02:31:00 mircea_popescu: because every person involved was an imbecile ?

02:31:06 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

02:32:40 Duffer1: well sure, but that doesn't adequately explain why they'd shutdown at their most profitable

02:33:12 mircea_popescu: ...

02:33:19 mircea_popescu: really ?

02:33:40 Duffer1: what am i missing?

02:34:39 mircea_popescu: i can't begin to guess. what do you mean it doesn't adequately explain ? idiocy is adequate explanation for ANY behaviour

02:34:46 mircea_popescu: that's pretty much its only redeeming quality.

02:35:42 Duffer1: that's a degree of idiocy i'm not willing to assign burnside lol

02:36:17 mircea_popescu: which is the entire thing that powers conspiracism. easier to believe glbse was shut down by aliens than the gaping psychologic chasm of an alternative

02:36:18 Duffer1: my lemonade stand is making more money than ever, i think i'll shut it down

02:36:33 mircea_popescu: how do you know how much money it was making in the first place ?

02:36:48 theo__: Whats with the Cbtc having such huge buy orders? https://www.havelockinvestments.com/order.php?symbol=CBTC most other shares don't have anywhere near that amount. Anyone provide some guidance at all?

02:36:51 Duffer1: fees on trade volume

02:37:02 mircea_popescu: eh get out of here.

02:38:13 assbot: [MPEX] [S.MPOE] 37612 @ 0.00086356 = 32.4802 BTC [-] {6}

02:38:14 Duffer1: actm/labcoin trading was a huge increase in trade volume, i'm assuming that would translate into increase revenues, but there is the idiocy factor

02:38:41 mircea_popescu: Duffer1 labcoin was a scam, in which burnside participated, by faking volumes.

02:38:48 mircea_popescu: they didn't manage to actually make money on it.

02:38:52 mircea_popescu: which is why all teh butthurt.

02:39:23 Duffer1: i've heard that accusation, i haven't seen support for it

02:39:49 mircea_popescu: fascinating.

02:40:08 Duffer1: i wasn't around for the labcoin ipo

02:40:17 mircea_popescu: so closing down the "profitable" thing in the middle of its profit is unexplainable, and the govt did it ?

02:40:18 Duffer1: i don't know what happened there

02:40:49 chipug: mircea_popescu: how many you having at your conference?

02:40:55 b0n1: mircea_popescu do I have to tell you?

02:40:58 mircea_popescu: chipug not that many.

02:41:06 Duffer1: just a hypothesis that could explain both btc-tc and bitfunder closures

02:41:21 Duffer1: idiocy and coincidence are certainly options as well

02:41:30 mircea_popescu: b0n1 you don't have to anything. you've made a claim as to having been an old timer. if you want that taken seriously you'll have to offer some corroboration.

02:41:35 ThickAsThieves: i wanted to go, but personal life does not allow

02:41:41 chipug: a gathering as opposed to a party then lol exciting all the same

02:42:03 chipug: are they still doing the 1k party? or has that passed even

02:42:11 mircea_popescu: chipug teh list is more or less on the bottom of the post there. but yah, i dun believe in these conference things like they do.

02:43:02 chipug: a lot of people still like to nod 'n' hand shake in person mircea_popescu

02:43:35 mircea_popescu: indeed.

02:44:08 mircea_popescu: Duffer1 wait, bitfunder was closed by the government too ?

02:44:25 mircea_popescu: dude god forbid the government goes away, what will we do without it ;/

02:44:32 Duffer1: lol i never said that, i said i believe it likely

02:44:41 Duffer1: or more likely than idiocy + coincidence

02:44:43 mircea_popescu: oh motherfucker, government just elbowed my glass of milk over

02:44:47 mircea_popescu: now there's milk all over the floor

02:44:50 mircea_popescu: fucking government.

02:44:52 ThickAsThieves: i was gonna get high but then i had to close down because of the government

02:45:16 b0n1: mircea_popescu I dont want to talk about it in public... I think you should at least have a small piece of understanding of this being part of the early community

02:45:56 mircea_popescu: i have exactly no understanding for it, being not only part of the early community but quite open about things.

02:46:19 b0n1: why?

02:46:52 mircea_popescu: because it's ridiculous ?

02:47:15 b0n1: why?

02:47:23 ThickAsThieves: maybe start with it isnt

02:47:31 ThickAsThieves: why*

02:47:34 mircea_popescu: cause you can't be someone without being someone wth.

02:47:47 mircea_popescu: how to get laid without getting wet ? what is this! are we 12 ?

02:47:58 b0n1: ...

02:47:58 ThickAsThieves: on occassion

02:48:46 mircea_popescu: anyway, if you don't even want to talk publicly about what you've done what on earth could possibly posses you to show up to some event.

02:48:56 mircea_popescu: makes about as much sense as the goverment on a good day.

02:49:27 ThickAsThieves: ;;ticker

02:49:28 gribble: MtGox BTCUSD ticker | Best bid: 668.87391, Best ask: 668.99999, Bid-ask spread: 0.12608, Last trade: 668.87391, 24 hour volume: 45818.91827598, 24 hour low: 651.70976, 24 hour high: 794.24938, 24 hour vwap: 716.45456

02:49:50 ThickAsThieves: btc is dead, long live atc

02:50:05 mircea_popescu: omg look at that, doge killed btc

02:50:15 mircea_popescu: no sorry, it was mxcoin or what's it called

02:51:19 mircea_popescu: https://bitcointalk.org/index.php?topic=289730.msg5004286#msg5004286

02:51:22 mircea_popescu: o look at that.

02:53:38 ozbot: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings

02:53:50 b0n1: mircea_popescu I think the motivation to show up for this event should be enough to show up for this event... Who in hell would like to show up there without knowing who is there and what is going on there...

02:54:21 mircea_popescu: i dunno what you meant to say.

02:54:29 assbot: [HAVELOCK] [RENT] 130 @ 0.0055 = 0.715 BTC

02:55:29 chipug: theres max coin and then that parody me coin popped up yesterday on twitter

02:55:59 mircea_popescu: which one ?

02:58:07 chipug: https://twitter.com/MaxScheisse

02:58:09 ozbot: The Scheisse Report (MaxScheisse) on Twitter

02:58:19 mircea_popescu: hahahaha

02:58:44 mircea_popescu: btw, am i the only one thinking death of a salesman is an atrociously stupid play ?

02:59:26 diametric: i think for this evening, i'll join the mtgox channels and microwave some popcorn

02:59:34 assbot: [HAVELOCK] [DEALCO] 24 @ 0.0045 = 0.108 BTC [+]

02:59:36 mircea_popescu: maybe blog a summary.

03:01:47 chipug: i haven't seen it, so looked it up... seems many share your view mircea_popescu first word that lept out was "sketchy" lol

03:02:37 mircea_popescu: the entire thing pivots around some fucktarded kid (athlete drop-out) seeing his dad fucking some girl on the side and "having his life ruined" by this.

03:02:47 mircea_popescu: i mean just how us can you get already.

03:06:41 assbot: [HAVELOCK] [RENT] 47 @ 0.0055 = 0.2585 BTC

03:09:08 chipug: life ruining... kind of insulting to those that go through actual trauma

03:15:42 mircea_popescu: then the guy commits suicide so his offspring can benefit from insurance fraud.

03:15:56 chipug: wtf!

03:16:04 chipug: do his kids know?

03:17:32 mircea_popescu: that's not covered.

03:18:53 assbot: [HAVELOCK] [B.SELL] 1 @ 0.12829 BTC [+]

03:18:55 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

03:26:17 mircea_popescu: http://www.rawstory.com/rs/2014/02/06/house-speaker-john-boehner-no-immigration-reform-until-obama-rebuilds-trust/

03:26:18 ozbot: House Speaker John Boehner: No immigration reform until Obama rebuilds trust | The Raw Story

03:26:59 mircea_popescu: congress sez us pres can't be trusted to enforce laws.

03:27:10 mircea_popescu: this is like... a constitutional crisis neh ?

03:29:18 the20year2: Sort of , they were talking about it on the radio quite a bit

03:29:34 the20year2: Congress passed obamacare , now they want to change it at will withotu any modifications to the law

03:29:45 the20year2: And effectively, they have done that with the mandate delays, implementation delays, ect

03:32:27 chetty: Latest stupid idea, you can keep those 'illegal' canceled policies for 3 years ...

03:33:36 the20year2: yep

03:34:08 assbot: [MPEX] [S.MPOE] 14833 @ 0.00086814 = 12.8771 BTC [+]

03:35:15 duduqa: ;msg nickserv identify manolaum

03:35:36 punkman1: doing it wrong

03:36:39 BingoBoingo: ;;ticker

03:36:39 gribble: MtGox BTCUSD ticker | Best bid: 674.20001, Best ask: 683.995, Bid-ask spread: 9.79499, Last trade: 674.2, 24 hour volume: 45913.37007353, 24 hour low: 651.70976, 24 hour high: 794.24938, 24 hour vwap: 712.61117

03:38:16 Diablo-D3: ;;ticker --market coinbase

03:38:18 gribble: Coinbase BTCUSD ticker | Best bid: 699.0, Best ask: 714.91, Bid-ask spread: 15.91000, Last trade: 706.23, 24 hour volume: None, 24 hour low: None, 24 hour high: None, 24 hour vwap: None

03:39:02 BingoBoingo: Oh, gox has fallen to having an anti-premium

03:39:10 mircea_popescu: come to think about it... the bitcoin exchanges are really sad.

03:39:22 mircea_popescu: mtgox ? coinbase ? the bitstamp thing ? the trollbox with an exchange pasted on top ?

03:39:28 mircea_popescu: there's really nothing.

03:39:40 mircea_popescu: i had great hopes for that kraken thing but good lord...

03:40:00 BingoBoingo: Well, Second Market had to look for OTC sellers for a reason...

03:40:28 mircea_popescu: i doubt this is ever getting fixed, either.

03:40:36 asciilifeform: just 5 guys signed up for MP's party?

03:41:15 assbot: [HAVELOCK] [RENT] 400 @ 0.0055 = 2.2 BTC

03:41:29 asciilifeform: (do most people typically come by surprise? i've no idea, not having been to his house before)

03:41:31 mircea_popescu: well, plus all the womenz, 24 people. plenty n'est pas ?

03:41:40 asciilifeform: aha

03:41:42 mircea_popescu: asciilifeform nah, there were like a coupla dozen ppl last time

03:44:57 asciilifeform: re: btc exchanges: i'm still waiting for the day of tyrannical bans, when we stuff in cash / receive 'jackpots' from 'malfunctioning' soda machines to convert fiat.

03:45:19 mircea_popescu: hahaha

03:45:20 asciilifeform: (they all have ethernet plugged in already, no?)

03:45:26 mircea_popescu: o dude that's a splendid idea

03:45:38 mircea_popescu: the soda malfunction thing could be in a great blond movie

03:45:44 asciilifeform: ideas, so cheap.

03:45:51 asciilifeform: action, so costly.

03:46:29 mircea_popescu: i tell you i can see a film in the style of chaplin's satire of nazi germany, but done with the means of 1970s made for tv french comedies.

03:46:42 asciilifeform: i can picture it already.

03:47:05 asciilifeform: or even something in the style of that 'nazi donald duck' cartoon.

03:47:18 asciilifeform: https://www.youtube.com/watch?v=MReV9dkAVhY

03:47:50 chipug: did you hear about the poor wee 5 y/o who died after drinking soda?

03:48:01 asciilifeform: strike that

03:48:11 asciilifeform: https://www.youtube.com/watch?v=S-PZVrWvJM0&list=RDMReV9dkAVhY

03:48:12 ozbot: Der Furher's Face - YouTube

03:48:22 assbot: [HAVELOCK] [B.MINE] 4 @ 0.0705 = 0.282 BTC [-] {2}

03:48:23 assbot: [HAVELOCK] [B.SELL] 5 @ 0.12829 = 0.6415 BTC [+]

03:48:24 assbot: [HAVELOCK] [B.EXCH] 5 @ 0.19376446 = 0.9688 BTC [+]

03:48:49 chipug: parents being done with murder http://news.sky.com/story/1208013/girl-dies-after-being-forced-to-drink-soda

03:49:32 chipug: excuse the sky news link

03:50:18 mircea_popescu: who force kids to drink soda

03:52:38 mircea_popescu: those people look awful. it'd suck if your parents had those mugs ;/

03:55:05 mod6: wow. good ole tennessee

03:55:30 assbot: [HAVELOCK] [B.EXCH] 3 @ 0.19376446 = 0.5813 BTC [+]

03:56:30 assbot: [HAVELOCK] [RENT] 1000 @ 0.0055 = 5.5 BTC

03:57:01 asciilifeform: am i the only one who thought of conan doyle's 'the leather funnel' after reading that ?

03:57:40 asciilifeform: http://www.eastoftheweb.com/short-stories/UBooks/LeaFun.shtml

03:57:42 ozbot: Short Stories: The Leather Funnel by Arthur Conan Doyle

03:57:53 mircea_popescu: i just thought this is bs, grape juice doesn't give you water intoxication.

03:58:18 asciilifeform: drowning sounds more like it

03:58:24 asciilifeform: esp. if they used funnel.

03:59:33 assbot: [HAVELOCK] [RENT] 909 @ 0.0055 = 4.9995 BTC

04:03:15 chipug: i'm thinking ^ that. 2litre bottle.fucks sake man.poor wee crater

04:04:02 chipug: it's a real shame that just any one can have children

04:05:39 assbot: [HAVELOCK] [B.EXCH] 9 @ 0.19376446 = 1.7439 BTC [+]

04:05:40 mod6: maybe some prison guards will pour 2+ litres of jizz down ole Randall's throat, see how he handles it.

04:06:26 chipug: maybe so

04:06:27 Dimsler: whose randal

04:06:40 assbot: [HAVELOCK] [B.MINE] 17 @ 0.06823528 = 1.16 BTC [-] {4}

04:06:41 assbot: [HAVELOCK] [B.SELL] 9 @ 0.12743 = 1.1469 BTC [-] {2}

04:06:42 chipug: do wine funnels have any effect on the the taste?

04:06:43 mod6: The winner in the article.

04:07:41 assbot: [HAVELOCK] [B.SELL] 3 @ 0.127 = 0.381 BTC [-]

04:07:44 theo__: RENT is really going off within 10 hours more then 8000 shares have already been sold

04:08:25 mircea_popescu: chipug yes. you taste with your nose.

04:09:04 Dimsler: lol

04:09:05 Dimsler: grape drink

04:10:03 chipug: i can only see them used with reds

04:10:38 chipug: when did they world fall out of love with ornate things

04:11:00 mircea_popescu: chipug when women started going to work.

04:11:34 chipug: sad times

04:12:02 chipug: can i go back to before but keep the tech?

04:12:31 mircea_popescu: yep

04:13:07 chipug: win, i'm in

04:13:31 mircea_popescu: i think it's pretty much where it;s headed.

04:16:18 chipug: think women have changed their minds about working

04:16:33 ThickAsThieves: so have men tho

04:17:07 asciilifeform: pet wife reading this seems to agree

04:17:16 chipug: this is true, there's too much of an easy other option for them, here anyways

04:18:13 mircea_popescu: chipug not about working per se. but it's like, for 1500 years you're NOT ALLOWED to do X.

04:18:26 mircea_popescu: then whatever, go do it. you discover it's not quite what you imagined it to be

04:18:27 mircea_popescu: settle down

04:18:33 mircea_popescu: life can proceed more balancedly.

04:19:12 ThickAsThieves: ATC holding steady at 150 https://bitcointalk.org/index.php?topic=443108.msg5010750#msg5010750

04:20:02 BingoBoingo: My balance is now, 31,337 I have no reason to acquire more Altcoins or part with any I have

04:20:37 chipug: why the extra 30k BingoBoingo

04:21:00 BingoBoingo: chipug: I'm the guy in the forum thread who bought 30K

04:21:21 BingoBoingo: Altcoin is flying up, straight into the sun!

04:21:25 ThickAsThieves: http://s.wsj.net/public/resources/images/BN-BK855_USPS02_E_20140207185423.jpg

04:21:46 mircea_popescu: o look, the usps dildo

04:21:52 mircea_popescu: it looks... functional.

04:22:42 mircea_popescu: 150 is a large amount of price.

04:22:57 ThickAsThieves: it's a large amount of alt

04:23:21 chipug: i wish i could mine

04:23:38 mircea_popescu: why can't you ?

04:23:46 BingoBoingo: mircea_popescu: I had to separate myself from people who only had 1337. Now with 31337 I have more of something too cool to sell?

04:23:58 mircea_popescu: ;;calc 31337/1337

04:23:58 gribble: 23.4382946896

04:24:00 chipug: i'd be as well using a calculator than this laptop mircea_popescu lol

04:24:15 mircea_popescu: lol bitcoin is the ultimate in candy i swear.

04:24:26 mircea_popescu: i imagine there's thousands chipugs out there going eeeeehnnnn!

04:24:40 BingoBoingo: chipug: Scotland still has coal somewhere right?

04:24:51 chipug: lololol

04:24:56 chipug: BingoBoingo: probably

04:25:55 asciilifeform: somebody should dredge up that old javascript miner.

04:25:59 asciilifeform: from '09 (?)

04:26:40 asciilifeform: i'd do it myself but i'm up to my neck in strange.

04:27:09 asciilifeform: (and if some joker already hooked up the asics, it'd be pointless)

04:27:45 ThickAsThieves: so what do you think of "alms" for satoshis

04:28:06 BingoBoingo: asciilifeform: Last I checked nethash on alt roughly on par with December 2012 Bitcoin

04:28:10 ThickAsThieves: In Buddhism, alms or almsgiving is the respect given by a lay Buddhist to a Buddhist monk, nun, spiritually-developed person or other sentient being. It is not charity as presumed by Western interpreters. It is closer to a symbolic connection to the spiritual realm and to show humbleness and respect in the presence of the secular society.

04:28:26 punkman1: ThickAsThieves: should call your satoshis "litecoins"

04:28:29 asciilifeform: BingoBoingo: a tad bit late for the js miner then.

04:28:49 chipug: ThickAsThieves: i prefer this to the other name.. i think it's nicer when there's a meaning behind names for things.

04:29:08 chipug: was it alters or something

04:29:12 ThickAsThieves: punkman1, lol

04:29:35 ThickAsThieves: but both have meaning

04:30:14 BingoBoingo: Maybe I should go to Sochi and mine stray Doges

04:30:29 chipug: i think this one is more fitting?

04:30:47 copumpkin: BingoBoingo: much sad :( wow

04:30:51 ThickAsThieves: actually

04:31:06 chipug: are there less people turned up to sochi than normally do for the olympics?

04:31:10 ThickAsThieves: alter = change = fractions of an altcoin

04:31:23 ThickAsThieves: it means change LITERALLY

04:31:24 chipug: ^ fair point

04:33:06 assbot: [HAVELOCK] [RENT] 80 @ 0.0055 = 0.44 BTC

04:33:24 the20year2: Two more hookers for me

04:33:42 the20year2: we've raised enough money today to hold a pretty serious party, like a big bag of blow

04:36:11 ThickAsThieves: lol

04:38:55 BingoBoingo: I wonder what sort of transport I'd need to move 31337 doges mined in Sochi?

04:39:28 asciilifeform: BingoBoingo: pack the skins in a crate?

04:39:34 punkman1: dogesled of course

04:39:56 BingoBoingo: asciilifeform: That might be the most efficient option.

04:40:14 assbot: [HAVELOCK] [SFI] 200 @ 0.0008 = 0.16 BTC [+]

04:40:28 asciilifeform: besides, they needn't travel far. chinese will 'convert them to rabbits and squirrels' for hatters.

04:40:32 mircea_popescu: isn't the doge some japan dog ?

04:40:44 chipug: shiba inu

04:41:09 copumpkin: a.k.a. shiba dog

04:41:09 BingoBoingo: asciilifeform: They probably pay better than people trading on Cryptsy do

04:41:49 mircea_popescu: more like a fox than a dog really

04:41:57 mircea_popescu: isn't this the dog that catlicks itself ?

04:42:08 chipug: that's the japanese chin

04:42:09 BingoBoingo: mircea_popescu: Yeah, that one

04:42:17 chipug: chin is japanese for cat-like

04:42:48 copumpkin: inu = dog

04:42:53 chipug: http://upload.wikimedia.org/wikipedia/commons/b/b8/Japanese_Chin_portrait.jpg

04:43:04 chipug: they ^ wash like cats

04:43:14 mircea_popescu: ow god

04:43:24 mircea_popescu: that's one ugly w/e it was

04:43:28 chipug: lol i know right?

04:43:35 chipug: i really would like one

04:43:48 punkman1: would reddit love anything other than the worst dog?

04:44:36 mircea_popescu: punkman1 maybe an octopus ?

04:44:36 Plaxant: punkman1 my parents have a shibu mix, it's a pretty cool dog.

04:45:29 chetty: an octopus would make a cool pet

04:45:30 mircea_popescu: soo say hi to hplshuehue, who is a specialist endocrynologist from bahia, brazil.

04:45:48 mircea_popescu: chetty i hear they're very smart.

04:45:55 ThickAsThieves: hello hplshuehue

04:45:59 punkman1: i love octopus

04:46:12 punkman1: kinda hard to get it right on the grill though

04:46:14 chipug: punkman1: maybe Ug: http://www.vh1.com/celebrity/bwe/images/2010/12/UGLIEST-DOG-IN-BRITAIN-01.jpg

04:46:14 chetty: and if you get hungry ....

04:46:18 BingoBoingo: http://www.youtube.com/watch?v=FFOEZh1Lbbg

04:46:19 ozbot: Giant Octopus Eats Sharks at Aquarium - YouTube

04:46:32 mircea_popescu: whoa. lasers involved ?

04:46:33 hplshuehue: Thank you, Mr. Mircea Popescu, and thanks everyone for helping the growth/spread/development of bitcoin

04:46:54 chipug: Hello hplshuehue :)

04:47:13 chetty: Hiya hplshuehue

04:48:03 hplshuehue: Hi there

04:48:24 punkman1: hplshuehue: you posted your nickserv password earlier, just in case you didn't notice

04:48:33 hplshuehue: yes

04:48:36 hplshuehue: so lame

04:48:49 hplshuehue: I won´t use that nick anymore

04:49:25 hplshuehue: I gave up a more enthusiastic participation in the brazilian bitcoin community

04:49:53 hplshuehue: sadly because of fear of Leviatan´s heavy hand

04:51:22 punkman1: expecting bad news in Brazil?

04:51:54 chipug: hplshuehue: you should change your password just so no one else can use it either

04:52:11 hplshuehue: right

04:52:13 hplshuehue: let me do so

04:52:17 hplshuehue: ;quit

04:52:40 chipug: oh i didn't mean him to go!

04:52:53 mircea_popescu: now who's gonna fix our glands.

04:53:13 chipug: lol sorry! i think he will be back!

04:53:34 chipug: let's hope your glands can hold out a bit mircea_popescu :P

04:53:44 mircea_popescu: my sleep glands are inflamed.

04:53:47 chetty: I wanna hear whats up (down) in Brazil

04:53:50 mircea_popescu: so i guess we see about it tomorrow

04:54:23 Perlboy: hi mircea_popescu, has someone come in here and asked about the assbot big put contract flows a day or two ago?

04:54:57 Perlboy: if so, was it explained what it meant? Some peeps in another channel are confused and just trying to determine if i should go back track through my logs rather than repeat the same thing over and over again

04:55:07 chetty: I think mp just left

04:55:10 Perlboy: 'rather than make you repeat' <-- Which I suspect you wouldn't. :)

04:55:44 punkman1: Perlboy, someone bet big on BTC price going up by the end of February

04:55:54 punkman1: they are not in the money at the moment

04:56:08 Perlboy: punkman1, up by $500 ?

04:56:27 BingoBoingo: Perlboy: Up to $5000

04:56:35 BingoBoingo: With steps along the way

04:56:58 duduqa: well, I´m the same hlpshuehue

04:57:15 duduqa: changed the password

04:57:19 duduqa: thanks for being nice

04:57:34 duduqa: different notebook and tired...

04:57:40 Perlboy: BingoBoingo, punkman1 is this based on the Bitcointalk thread or actual confirmation from mircea_popescu?

04:57:44 punkman1: duduqa: no big deal, just keep your GPG keys private

04:57:53 Perlboy: cause there's conjecture as to whether the bitcointalk thread actually understands correctly

04:59:33 punkman1: Perlboy: might be a good exercise to do the math yourself

05:00:00 BingoBoingo: Perlboy: Based on assbot.

05:00:03 Perlboy: punkman1, well, see we have been and multiple people came to different conclusions. :)

05:00:33 the20year2: http://bitbet.us/bet/617/and-then-there-was-one/

05:00:34 ozbot: BitBet - And Then There Was One

05:00:36 punkman1: who's this we

05:01:08 BingoBoingo: ^^

05:01:34 BingoBoingo: Different wee wees come in different sizes and abilities

05:02:25 chipug: lol

05:02:26 Namworld: The puts were sold into MPEx bids. Although the strikes were 4100-5000 USD per BTC, the price those PUTs were sold meant it was only at a small loss at time of sale. So if prices went up, profits, if price went down, losses.

05:02:33 Namworld: No bet about price going over 5000

05:03:36 Namworld: If price had went up, even if it didn't go to over 5000, the price the PUTs were sold would have been more than their execution value, so the seller would be in the money.

05:05:02 duduqa: gotta have some sleep, guys, have a nice weekend!

05:05:05 duduqa: bye bye

05:05:27 Namworld: bye

05:07:57 punkman1: Scuola di Assets http://upload.wikimedia.org/wikipedia/commons/9/94/Sanzio_01.jpg

05:08:36 assbot: Last 1 lines bashed and pending review. (http://dpaste.com/1591949/plain/)

05:08:36 BingoBoingo: !b 1

05:11:44 assbot: [HAVELOCK] [HMF] 5 @ 0.02829979 = 0.1415 BTC [-] {2}

05:12:05 punkman1: been nursing this bottle of wine tonight, makes me want to write

05:12:15 punkman1: but now I'm thinking about painting

05:12:20 chipug: so many headlines re fancy opening for sochi and very few about the hijacker that tried to get a plane to fly into it

05:13:32 punkman1: "He threatened to set off a bomb with a cellphone if his demands were not met, but the crew fooled him — and the other passengers — into thinking the plane had landed in Sochi when it was actually in Istanbu"

05:13:41 punkman1: cool

05:13:46 assbot: [HAVELOCK] [AM100] 20 @ 0.00527863 = 0.1056 BTC [+] {6}

05:16:49 assbot: [MPEX] [S.MPOE] 23864 @ 0.00086257 = 20.5844 BTC [-] {3}

05:17:50 assbot: [HAVELOCK] [SFI] 200 @ 0.000795 = 0.159 BTC [-]

05:18:51 assbot: [MPEX] [S.MPOE] 32350 @ 0.00086059 = 27.8401 BTC [-] {5}

05:18:51 assbot: [HAVELOCK] [SFI] 362 @ 0.00079 = 0.286 BTC [-]

05:21:54 assbot: [HAVELOCK] [HMF] 10 @ 0.02757051 = 0.2757 BTC [-] {4}

05:23:56 assbot: [HAVELOCK] [CBTC] 3328 @ 0.00013285 = 0.4421 BTC [-] {2}

05:26:59 assbot: [HAVELOCK] [B.MINE] 20 @ 0.07341384 = 1.4683 BTC [+] {6}

05:34:06 assbot: [HAVELOCK] [B.EXCH] 10 @ 0.19376446 = 1.9376 BTC [+]

05:37:09 assbot: [HAVELOCK] [B.SELL] 8 @ 0.13437496 = 1.075 BTC [+] {3}

05:41:13 assbot: [HAVELOCK] [NEOBEE] 138 @ 0.003082 = 0.4253 BTC [-]

05:42:14 assbot: [HAVELOCK] [SFI] 1000 @ 0.0008 = 0.8 BTC [+]

05:43:15 assbot: [HAVELOCK] [RENT] 110 @ 0.0055 = 0.605 BTC

05:57:29 assbot: [HAVELOCK] [RENT] 142 @ 0.0055 = 0.781 BTC

06:00:32 assbot: [HAVELOCK] [AM1] 2 @ 0.52 = 1.04 BTC [+] {2}

06:11:43 assbot: [HAVELOCK] [SFI] 169 @ 0.00078253 = 0.1322 BTC [-] {3}

06:12:29 benkay`: what's the grand total of rentalstarter sold?

06:12:44 assbot: [HAVELOCK] [NEOBEE] 66 @ 0.00300517 = 0.1983 BTC [-] {3}

06:26:45 stevokebar: im seeing 78534-69995=8539 sold

06:29:00 assbot: [HAVELOCK] [CBTC] 3000 @ 0.00013273 = 0.3982 BTC [-] {4}

06:30:01 assbot: [HAVELOCK] [RENT] 91 @ 0.0055 = 0.5005 BTC

06:45:17 assbot: [HAVELOCK] [AM1] 2 @ 0.53 = 1.06 BTC [+]

07:07:38 assbot: [HAVELOCK] [B.EXCH] 3 @ 0.19376446 = 0.5813 BTC [+]

07:08:42 kakobrekla: mornin

07:10:22 benkay`: hi kakobrekla. power and water ok?

07:10:37 KRS-One: .bait

07:10:39 ozbot: http://25.media.tumblr.com/tumblr_m26p37sj6z1rp8c9ao1_500.jpg

07:11:02 KRS-One: Thats like my dreamgirl.

07:11:06 KRS-One: Almost.

07:11:21 KRS-One: .bait

07:11:23 ozbot: http://31.media.tumblr.com/tumblr_m1chkwU3bN1qzgtffo1_1280.jpg

07:11:41 KRS-One: .bait

07:11:43 ozbot: http://24.media.tumblr.com/tumblr_m3upnl0szU1qcmkeso1_500.png

07:13:22 KRS-One: .bait

07:13:24 ozbot: http://31.media.tumblr.com/tumblr_m42hu7VZTC1qfuc60o1_500.jpg

07:13:51 KRS-One: da fuq..that one bitch is only half boobin it..

07:13:57 KRS-One: must be half-time.

07:14:14 KRS-One: must be half-time.

07:14:15 KRS-One: .bait

07:14:17 ozbot: http://24.media.tumblr.com/tumblr_lyk0igIWP31r1g6xio1_500.jpg

07:14:26 KRS-One: .bait

07:14:27 ozbot: http://25.media.tumblr.com/tumblr_m3a03hfuVd1qhj8a7o1_500.jpg

07:14:41 KRS-One: http://shouldipanicsell.com/

07:14:42 ozbot: Should i panic sell ?

07:15:18 jayk: .bait

07:15:20 ozbot: http://24.media.tumblr.com/tumblr_m3xjbqTynb1qbm0ano1_1280.jpg

07:17:25 kakobrekla: benkay` no :(

07:17:54 kakobrekla: cold water, no power.

07:33:03 assbot: [HAVELOCK] [DEALCO] 188 @ 0.00468475 = 0.8807 BTC [+] {5}

07:33:26 KRS-One: wtf kakobrekla

07:33:44 kakobrekla: m?

07:37:41 benkay`: how'd you manage to get online?

07:38:31 kakobrekla: power generator and a few ups

07:40:16 benkay`: fuel drops too?

07:41:00 kakobrekla: power generator and a few ups

07:41:00 kakobrekla: ops

07:42:16 kakobrekla: what do ya mean fuel drops

07:42:16 kakobrekla: fuel i can get

07:42:39 benkay`: as in someone drops it at your residence

07:50:20 assbot: [MPEX] [S.MPOE] 4328 @ 0.00086019 = 3.7229 BTC [-]

07:51:21 assbot: [MPEX] [S.MPOE] 12297 @ 0.00085962 = 10.5707 BTC [-]

07:57:27 assbot: [HAVELOCK] [PETA] 3 @ 0.04897963 = 0.1469 BTC [+] {3}

07:58:25 chetty: http://www.zerohedge.com/news/2014-02-07/guest-post-running-away-reality

07:58:28 ozbot: Guest Post: Running Away From Reality | Zero Hedge

07:59:15 Vexual: http://www.youtube.com/watch?v=53uEPkUxvTM

07:59:16 ozbot: Midnights Ravers - Le Triomphe du chaos - YouTube

08:02:35 Vexual: did you buy the godlike generator?

08:03:33 assbot: [MPEX] [S.MPOE] 10326 @ 0.00085962 = 8.8764 BTC [-] {2}

08:03:42 Vexual: http://www.youtube.com/watch?v=KR_u0JUYxfg

08:03:43 ozbot: Bob Marley - Midnight ravers - YouTube

08:04:34 assbot: [MPEX] [S.MPOE] 22274 @ 0.00085837 = 19.1193 BTC [-] {3}

08:04:42 Vexual: meowfung makes a mighty fine yanmar approximation

08:05:33 benkay`: ;;later tell mircea_popescu now for a tcp test harness. on one hand, 'yak shaving'. on the other hand, things worth doing are worth doing well.

08:05:33 gribble: The operation succeeded.

08:05:38 kakobrekla: no fuel drops

08:05:39 kakobrekla: http://hugelolcdn.com/i/240652.gif

08:06:03 Vexual: best gif evar

08:06:15 kakobrekla: hehe

08:06:20 herbijudlestoids: hullo lads

08:06:35 Vexual: i say it with a j out of respect for expert groups

08:06:46 Vexual: hey herbi

08:07:04 benkay`: i say it whichever way will least derail local conversation.

08:07:39 Vexual: i never say it out loud

08:08:57 benkay`: it's SO MUCH FUN to be technically correct in a room full of hipsters, and similarly great fun to say it the way the rest of the world does in a room of nerds.

08:09:01 benkay`: not.

08:09:24 benkay`: hey herbijudlestoids you're some sort of quant, correct?

08:09:33 herbijudlestoids: some sort, yea, why

08:09:39 assbot: [MPEX] [S.MPOE] 11300 @ 0.00086136 = 9.7334 BTC [+] {4}

08:10:00 benkay`: well you've stuck around for more than three days and might be worth getting to know ;)

08:10:52 benkay`: what with your charts etc

08:10:59 herbijudlestoids: full disclosure benkay, like i said to kako the other day, i got a regular day job in a small company doing large scale openstack ops and iv been trading (mostly EOD) since 2008

08:11:17 Vexual: brb

08:11:56 herbijudlestoids: i split my time pretty much equally between them, 9-5ish at the company and 6-~bedtime researching, reading news, etc and then i will place trades on NY close

08:12:06 benkay`: what's a small company doing hosting big virtualized operations?

08:12:25 herbijudlestoids: we are first to market in aus, basically

08:12:32 herbijudlestoids: small now, big soon ;)

08:12:51 benkay: virtualization as a service?

08:12:55 benkay: what are your prices?

08:12:59 herbijudlestoids: full IaaS stack


08:13:18 benkay: plz.

08:13:19 herbijudlestoids: we dont provide a public cloud benkay, we build the public cloud for companies that want it ;)

08:13:26 herbijudlestoids: really?

08:13:28 herbijudlestoids: one sec

08:14:05 herbijudlestoids: this is the smallest company iv ever worked for, usually i work for large research organisations and unis building this kind of stuff

08:14:36 benkay: are you some sort of vine-swinging operations wizard or something?

08:15:14 benkay: i'll grill you about your biz all night, friend. i just hit a wall on this thing and ran out of brain at the exact same time.

08:15:38 herbijudlestoids: well, apparently...basically i was just a regular sysadmin who knew puppet, and one large org needed a guy who knew puppet...i ended up deploying the pilot and first production phase

08:15:45 herbijudlestoids: took off from there

08:15:50 herbijudlestoids: benkay: how do i get this PDF to you

08:15:56 benkay: benkay@gmail.com

08:16:18 benkay: i'm not precisely hiding from anyone, you see.

08:16:25 herbijudlestoids: sent

08:16:39 herbijudlestoids: might not be the latest ver but should be close to

08:17:44 benkay: nah its great

08:17:46 herbijudlestoids: we got offices in aus and india and starting one in sth america very very soon

08:18:04 benkay: best of luck, i'm sure you'll all do well for yourselves.

08:18:27 benkay: i'm mostly curious about how other web-tech consulting operations break out pricing

08:18:31 herbijudlestoids: that is the plan, weve had a few buyout offers already but have to keep pushing them back as we grow

08:18:48 assbot: [HAVELOCK] [B.EXCH] 10 @ 0.19376446 = 1.9376 BTC [+]

08:19:17 herbijudlestoids: i just developed a piece of software in december and we are going to demo it to ...a very large linux org next week, they are creaming their pants whenever our CEO mentions it

08:19:56 herbijudlestoids: thx :)

08:20:07 herbijudlestoids: sooo...lets talk BTC mining ROI

08:20:12 benkay: no no no no

08:20:14 kakobrekla: lmao

08:20:16 herbijudlestoids: because, for amusement sake i have been keeping track

08:20:40 assbot: Last 4 lines bashed and pending review. (http://dpaste.com/1592159/plain/)

08:20:40 kakobrekla: !b 4

08:20:40 herbijudlestoids: and last night i actually noticed there were miners for sale that were ROI more BTC than they were worth

08:21:07 herbijudlestoids: i found a 100GH/s 28nm miner selling for 0.83BTC

08:21:15 benkay: well i'm intrigued to hear what you have to say but i suspect the long and the short of it is going to be 'unless you get the hardware or juice at a discount the breakeven is never'

08:22:08 herbijudlestoids: well i was just curious about your guys opinions, since its the first time iv ever seen a mining rig for sale that was able to ROI since...since GPUs were the thing

08:23:13 benkay: probably worn in harder than a bike that's been to burning man 5 times with 3 different owners

08:23:42 herbijudlestoids: specifically, last night i saw on ebay, a prospero x-1 100GH/s for 650AUD when the BTC/AUD price was 780...

08:23:58 herbijudlestoids: now obviously small fry 100GH/s is nothing but i thought it was interesting

08:24:12 punkman1: could mine ATC with it

08:24:13 benkay: i suspect it's a dead box hashing.

08:24:25 herbijudlestoids: benkay: whats dead box hashing?

08:24:37 benkay: now there's a thought - downcycle worn-in BTC asics on the altchains...

08:24:48 benkay: ...

08:24:53 benkay: "dead man walking"

08:25:26 herbijudlestoids: ah, as in difficulty rising faster than expected will mean it cant ROI? i guess so, the calculation i used assumed 50% increase/month in difficulty

08:25:27 benkay: implying that the man in question simply doesn't know that he's dead yet.

08:25:35 benkay: no, implying it's on its last legs.

08:25:56 herbijudlestoids: but the machines only just came out?

08:26:07 benkay: is it new in box?

08:26:13 benkay: un touched?

08:26:25 benkay: never run out-of-spec?

08:27:05 punkman1: "Need a C++ coder to join "CryptoCoin Developers Inc.' agency for creating new bitcoin related start up's"

08:27:07 herbijudlestoids: this isnt the exact one i saw, but yea, sold as new http://www.ebay.com.au/itm/Prospero-X-1-100Gh-s-Bitcoin-Mining-ASIC-Miner-New-In-Box-/111270548942?pt=AU_Components&hash=item19e83dd5ce

08:27:26 punkman1: these folks are multiplying

08:27:53 benkay: ah

08:27:57 benkay: well a) it's a pre-order

08:28:11 herbijudlestoids: nope, check the page

08:28:20 punkman1: says late-april

08:28:33 benkay: uh

08:28:47 benkay: Delivery Date -- This is a PRE-ORDER, now on Batch 2 Round 1, all further orders are available for dispatch Late April 2014.

08:28:47 benkay:

08:28:47 benkay:

08:28:49 herbijudlestoids: ahh mhmhmhmm

08:28:59 herbijudlestoids: there is a bit down the bottom where the guy says something about having 10 of them

08:29:02 herbijudlestoids: maybe i misread

08:29:59 assbot: [HAVELOCK] [CBTC] 1376 @ 0.00013418 = 0.1846 BTC [+] {2}

08:30:09 benkay: talk to kakobrekla he's had some luck mining and acquiring mining hardware

08:30:34 herbijudlestoids: hmm nah i guess that explains it, iv never seen mining hardware good for ROI before and i guess this isnt either

08:30:37 herbijudlestoids: just misread it

08:33:20 benkay: hey you guys you guys check out https://macys.com

08:34:21 benkay: macy's fucked up their cerrrrt

08:36:27 Vexual: who are you the fucking nanny?

08:36:57 Vexual: that just came out, im sorry

08:37:02 benkay: I am fucking the nanny!

08:37:06 Vexual: lol

08:37:24 herbijudlestoids: uhoh

08:37:32 herbijudlestoids: vex got into the vodka

08:37:40 benkay: baby doll doesn't even care terribly, and boy does she put out when she gets jealous

08:37:46 Vexual: yeah well bankays still not going near my kids

08:38:46 benkay: dude you do not have children

08:39:04 kakobrekla: you need balls for that

08:39:09 Vexual: ouchie

08:39:20 benkay: and we've all seen how you play chess

08:40:00 Vexual: indeed, its evident

08:41:07 benkay: http://www.planetary.org/blogs/emily-lakdawalla/2014/02070836-isee-3.html

08:41:08 ozbot: ICE/ISEE-3 to return to an Earth no longer capable of speaking to it | The Planetary Society

08:43:06 benkay: my partner recently went out for lunch with the gentleman who came up with Forth. he apparently cut his teeth hacking into satellites, implementing Forth with their op codes and then deploying better-than-launched-with flight control software.

08:43:12 assbot: [HAVELOCK] [B.SELL] 1 @ 0.135 BTC [+]

08:43:18 Vexual: that shit is from way before you were getting newsgroups on a 1.44 or hooking your moms phone up to a 300 baud

08:44:00 jayk: hrh

08:44:06 benkay: thank you, captain obvious.

08:44:13 assbot: [HAVELOCK] [RENT] 10000 @ 0.0055 = 55 BTC

08:44:26 jayk: there was that strange sat transmission broadcasted over america...

08:44:31 jayk: on tv

08:44:49 jayk: it ran for 30-45 seconds i think

08:45:14 assbot: [HAVELOCK] [SFI] 9312 @ 0.0008447 = 7.8658 BTC [+] {23}

08:45:50 Vexual: yeah well ive been hit by lighning twice putting up anttenas

08:46:15 assbot: [HAVELOCK] [SFI] 688 @ 0.00087007 = 0.5986 BTC [+] {2}

08:46:40 herbijudlestoids: volatility on MPOE, http://imgur.com/MixUdTD ...otherwise known as "why intraday mean reversion is probably not safe"

08:46:56 benkay: ;;later tell asciilifeform http://www.greenarraychips.com/ the greenarray chips begin to approach your dream of computation fabric. they're obviously lacking in some important area, but i'll have to ask you about that later.

08:46:56 gribble: The operation succeeded.

08:47:25 jayk: On November 22, 1987, an unidentified man wearing a Max Headroom mask intercepted the signals of two television stations in Chicago.

08:47:27 benkay: how does this indicate imr to be unsafe?

08:47:29 jayk: i gues thats what i was thinking of

08:47:50 Vexual: that wasnt sat, that was 2 square miles of new jersy

08:47:53 jayk: yeah

08:48:04 jayk: i thought it was sat

08:48:14 herbijudlestoids: benkay: that vol spike would be very hard to handle as a trade

08:48:32 benkay: need more context. what is the index axis?

08:48:46 benkay: herbijudlestoids ^^

08:49:12 herbijudlestoids: its the 20 tick standard deviation of 20 tick log normal returns

08:49:37 herbijudlestoids: so each "index" point is one datapoint in that timeseries

08:50:19 assbot: [HAVELOCK] [B.MINE] 7 @ 0.07379869 = 0.5166 BTC [+]

08:51:20 assbot: [HAVELOCK] [PETA] 3 @ 0.04897966 = 0.1469 BTC [+]

08:52:48 benkay: i have no idea what twenty-tick standard deviation of twenty tick log normal returns means

08:52:59 benkay: would you be so kind as to explain a little?

08:53:21 Vexual: yeah dumb it down for me too

08:53:50 herbijudlestoids: benkay: ok a tick is a trade

08:54:30 benkay: yup

08:54:30 herbijudlestoids: benkay: so the 20 tick log normal return is ln(CurrentTickPrice/TwentyTicksAgoPrice)

08:54:38 benkay: ah

08:54:47 benkay: why not time-normalize?

08:54:48 Vexual: wheres the wazardry?

08:54:59 herbijudlestoids: and then i take the rolling standard deviation of that value over the last 20 ticks

08:55:11 benkay: okay, still with you.

08:55:28 Vexual: i dont belive in stats

08:55:33 herbijudlestoids: that plot is the rolling standard deviation over the ticks

08:55:41 herbijudlestoids: you dont "believe" in them? lol

08:56:15 Vexual: well.....

08:56:27 benkay: okay, so how do we get from that graph to "that vol spike would be very hard to handle as a trade"?

08:57:05 herbijudlestoids: "why not time normalised" because MPEX doesn't really seem to operate like a regular exchange in terms of time and also there is not really enough trades happening in any given hour/4h/day block to make a realistic OHLC bargraph

08:57:23 benkay: reasonable

08:57:32 Vexual: keyword

08:57:33 herbijudlestoids: benkay: intraday mean reversion is basically betting against whatever just happened. if the price went down, you bet its about to go up.

08:57:38 benkay: although i have no idea what an OHLC bargraph is

08:57:44 herbijudlestoids: "open high low close"

08:58:04 Vexual: what of 24 hour trading genius?

08:58:05 herbijudlestoids: like the charts you can see on mpex.co already, i just dont think theyre portraying useful info

08:58:19 benkay: hm

08:58:24 herbijudlestoids: Vexual: what of it? New York close/New Zealand open is the 24h close

08:58:24 benkay: that'd be you, right Vex?

08:58:51 Vexual: yeah im where daytraders make their money

08:58:59 Vexual: http://www.youtube.com/watch?v=Ckff_bkA5z8

08:59:00 ozbot: Calvin Harris - Acceptable in the 80's (With Lyrics) - YouTube

08:59:15 benkay: so the spike at 400 is a crazy swing in price 400 ticks ago?

08:59:31 herbijudlestoids: benkay: basically betting against whatever just happened is usually profitably when volatility is high and declining...if its low and increasing youre likely in trouble

09:00:10 herbijudlestoids: benkay: almost, the spike at 400 is a crazy swing in price at the 400th tick in the timeseries

09:01:01 benkay: mhm

09:01:17 benkay: just a month ago, bottomed out at like .69 iirc

09:01:36 benkay: 0.00063 according to my books

09:01:38 herbijudlestoids: im very rarely a daytrader. i trade almost entirely EOD and dont like to keep turnover as low as possible for tax considerations

09:02:01 benkay: ha 0.00062792 would be where i caught that knife

09:02:19 benkay: well trade btc assets! tax free for 2003!

09:02:55 benkay: this will impact some trading strategies for sure.

09:03:13 herbijudlestoids: i already went through this with kako

09:03:22 herbijudlestoids: if i cant repatriate profits its not very useful for me

09:03:34 benkay: you'll get btc out, right?

09:03:50 herbijudlestoids: if i take sell BTC to buy AUD i need to explain that to the tax office

09:03:55 benkay: and you *can* sell those btc for cash in hand, right?

09:04:03 benkay: only if it hits your bank, right?

09:04:07 herbijudlestoids: theoretically, but its not really convenient

09:04:08 Vexual: im your tax man for bc herbi

09:04:22 Vexual: its easy, but do it

09:04:24 benkay: ah convenience

09:04:48 herbijudlestoids: lets say i invest $100,000 into trading BTC assets like MPOE, and i make 10% in a year, am i supposed do $10k cash in hand?

09:05:00 benkay: well yes, one must always sacrifice convenience on the altar of security. be it security from rogue computers or security from rogue regimes...

09:05:15 Vexual: you pay when you buy aud

09:05:30 benkay: what, does 10k CIH make you uncomfortable?

09:05:38 benkay: do you not have the resources to pull it off?

09:05:46 chetty: http://libertyblitzkrieg.com/2014/02/07/bitcoin-vs-apple-videos-of-users-destroying-their-iphones-proliferate-on-youtube/

09:05:47 ozbot: Bitcoin vs. Apple: Videos of Users Destroying Their iPhones Proliferate on YouTube | A Lightning War

09:05:47 benkay: and why do it all at once?

09:06:00 Vexual: well you pay in july

09:06:05 herbijudlestoids: benkay: how is it realistic? lets say i want to split that 10k across my other investments, its immediately back in the financial system

09:06:20 herbijudlestoids: and the tax office is suddenly asking where the discrepancy is from

09:06:32 benkay: chetty: refusing to embrace the future will be the death of many things. apple is on that list.

09:06:48 benkay: well dump it into 4x via bit4x for one

09:06:52 herbijudlestoids: lel

09:07:00 herbijudlestoids: i literally already had this exact convo with kakobrekla

09:07:10 Vexual: or buy a vex trust but its byolawyer now

09:07:18 benkay: your problem is not in repatriating btc into fiat.

09:07:22 benkay: that is not a problem any more.

09:07:32 benkay: forget about realizing your btc gains in fiat.

09:07:41 benkay: realize your gains in btc.

09:07:42 herbijudlestoids: its not about realising them

09:07:52 herbijudlestoids: its about balancing stuff across asset classes

09:08:30 benkay: maintain your fiat investments the way you normally od

09:08:31 benkay: do

09:08:32 Vexual: i can get you btc agro forestry and all the shit

09:08:39 benkay: hold btc and let it be your risk holding

09:08:43 herbijudlestoids: right, exactly, and now i have to manage two portfolios

09:09:01 benkay: you straddle two worlds.

09:09:09 benkay: they are antithetical to one another.

09:09:17 benkay: you cannot have your cake and eat it too.

09:09:23 herbijudlestoids: i can, and do, in physical gold :)

09:09:29 Vexual: lol

09:10:08 benkay: if you think like that you have much learning to do.

09:10:33 Vexual: i think herbi might teach you a few tricks too benkay

09:10:55 herbijudlestoids: benkay: think like what? that i can store surplus productivity in physical gold?

09:11:10 herbijudlestoids: Vexual: how are you doing that stuff without the ATO up your arse? or are you compliant?

09:11:19 benkay: that storing it in physical gold is preferrable to storing it in bitcoin.

09:11:38 Vexual: im not anything, ive got tricks, but my lawyers dont play anymore

09:11:58 Vexual: and tricks id poor grammar

09:12:33 Vexual: ato is cool with btc if you dont be a wanker

09:12:44 Vexual: nothing new

09:13:31 herbijudlestoids: exactly, if its treated like any other asset class then ceteris paribus trading in BTC has a higher cost base to me

09:13:42 herbijudlestoids: the only way i could reduce the cost base is by avoiding the tax

09:14:07 Vexual: yeah man, if yo make money, declare it

09:14:27 benkay: good night gents

09:14:33 benkay: enjoy your lifetime of servitude to the state

09:14:39 herbijudlestoids: the only profitable strategy i could think of is that i know the ATO has good treatment for options if theyre hedges to delta <0.3

09:14:44 herbijudlestoids: or something like that

09:14:47 herbijudlestoids: so you could long bitcoin

09:14:52 herbijudlestoids: and hold puts

09:14:58 herbijudlestoids: night benkay

09:15:44 assbot: [HAVELOCK] [B.EXCH] 2 @ 0.19376446 = 0.3875 BTC [+]

09:15:45 herbijudlestoids: benkay: the way i figure is iv already missed the initial wealth transfer...so why bother? if BTC takes over, i will be able to sell my human capital in BTC just as i now sell it in AUD

09:16:19 herbijudlestoids: i dont plan on buying BTC until the volatility dies off, thought it might be doing so but the last week of action has proved me wrong

09:16:22 Vexual: yes bc works like money

09:16:42 Vexual: its like rmb in oz

09:17:42 Vexual: nooones gonna tell you yu cant trade, beut when its aussie dollars, you pay tax, simple

09:18:52 Vexual: who does your tax re forex shit?

09:19:00 herbijudlestoids: accountant

09:19:04 herbijudlestoids: i used to do it

09:19:07 herbijudlestoids: too busy

09:21:14 Vexual: yeah 10-100k on trading needs a dude

09:21:37 Vexual: buy some farms and shit, oz aint too different to holland

09:22:20 Vexual: except you need to be productive here, there they just are

09:23:00 Vexual: im not an accountant

09:23:55 Vexual: http://www.youtube.com/watch?v=q0-JbJgxaXg

09:23:56 ozbot: Milow - Little in the Middle (Official Unplugged) - YouTube

09:24:46 herbijudlestoids: Vexual: i wanna see you in these pants http://www.youtube.com/watch?v=DohRa9lsx0Q

09:24:56 herbijudlestoids: (any of them)

09:25:41 Vexual: im all about the quality management and a chalenge

09:27:01 Vexual: twelfteen balkans listening to this conversation

09:27:18 herbijudlestoids: lol

09:27:39 Vexual: im hoping some will expatriate to australia

09:29:12 Vexual: http://www.youtube.com/watch?v=k0dKkrHr78E

09:29:13 ozbot: PXE presents A placa de Ipanema feat. The Herd - YouTube

09:32:12 herbijudlestoids: so, i just calculated the 30 day ROC for bitcoin difficulty since the start of 2013

09:32:16 herbijudlestoids: http://imgur.com/WSFCAQy

09:32:17 ozbot: imgur: the simple image sharer

09:32:27 herbijudlestoids: 20% was the lowest ROC i found

09:32:54 Vexual: roc?

09:32:59 herbijudlestoids: rate of change

09:33:17 punkman1: what's with the flat parts

09:33:27 herbijudlestoids: i.e. over any given 30 day window, 20% was the lowest amount difficulty grew and 100% was the largest amount

09:33:40 herbijudlestoids: punkman1: where the rate of change does not change for several datapoints (days)

09:34:11 herbijudlestoids: i think because the difficulty only updates on each new block, so there is flat parts in the timeseries

09:34:33 punkman1: diff updates every X days not every block

09:34:44 herbijudlestoids: right, there you go then

09:34:50 Vexual: did you get a machine with iview flash? new rake on sunday

09:35:09 herbijudlestoids: Vexual: no :'(

09:35:11 Vexual: 13 years in jail

09:35:26 herbijudlestoids: im using the absolute latest flashplayer

09:35:38 Vexual: u need a winez box

09:35:57 herbijudlestoids: sucks because i am a fucking iview whore

09:36:01 herbijudlestoids: love it

09:36:27 herbijudlestoids: anyway vex, what the f are you doing home on a sat night

09:36:31 Vexual: yeah i discovered your problem when i was wathxcing the last season of rake, my fave barrister

09:37:01 herbijudlestoids: not that i dont appreciate the company :P

09:37:04 Vexual: borrow your atlas and never give it back

09:37:22 herbijudlestoids: haha wut

09:37:33 Vexual: forgotten your name

09:38:19 Vexual: i dont leave the house, ive gt more social phobias than duffer and that other cunt put together

09:39:59 herbijudlestoids: fair enough, a bit of a hermit myself :)

09:40:10 Vexual: yeah not really

09:40:26 Vexual: id rather stay home but life happens

09:40:29 herbijudlestoids: something for the hermits then http://www.youtube.com/watch?v=O9IO2pT7lhM

09:40:54 Vexual: tuff track

09:41:38 Vexual: i was trying to explain a spoonfull of cement to the people in the australian context

09:41:45 herbijudlestoids: haha

09:41:59 Vexual: im not here for a haircut

09:43:19 herbijudlestoids: so i was checking out bitcoin-otc last night

09:43:27 herbijudlestoids: interesting...lots of weird stuff listed for sale

09:43:59 herbijudlestoids: i was thinking it would be interesting to throw small increments of gold up as offers and see if any takers

09:44:51 Vexual: dont tell me about aussie gold unless its proper true

09:45:13 assbot: [HAVELOCK] [RENT] 100 @ 0.0055 = 0.55 BTC

09:46:45 Vexual: im gonna give you a fast track track on your track to enlightnement sans illegal drugs beacause you're so cool

09:47:15 herbijudlestoids: proper true 999 from the perth mint sort of gold :)

09:47:45 Vexual: http://www.youtube.com/watch?v=tFHkO3CqnjU you're already there, youe a surity here

09:47:46 ozbot: Bong-Ra 'Can You Dig It ?' - YouTube

09:48:07 herbijudlestoids: but i wondered if anyone would be interested cos postage costs from aus would be high

09:48:29 Vexual: sans bro sans

09:48:38 herbijudlestoids: haaha didnt you play this song the other night?

09:48:43 herbijudlestoids: sans? as in without?

09:48:48 Vexual: you read the logs

09:48:58 Vexual: yes without illegal drugs

09:49:12 herbijudlestoids: lol vex im having trouble understanding you

09:49:14 Vexual: you got a problem with grog?\

09:49:28 herbijudlestoids: im not a drinker, but no problem with it

09:49:35 Vexual: excellenty

09:50:00 Vexual: can you grep erowid?

09:50:26 herbijudlestoids: i got all of erowid and more stored in my brain :)

09:50:37 Vexual: see what i mean

09:51:54 Vexual: can yo ufeel the love? http://www.youtube.com/watch?v=9vQaVIoEjOM

09:52:10 herbijudlestoids: LEL!

09:52:18 herbijudlestoids: i was just listening to a diff public enemy song

09:52:39 herbijudlestoids: Vexual: saturday nights in -assets is hiphop night for the hermits lol

09:52:43 Vexual: ive still got a passport

09:52:47 herbijudlestoids: where is KRS-One

09:53:01 Vexual: strip club with his girly

09:53:35 Vexual: or in a v8

09:54:15 Vexual: both?

09:54:27 herbijudlestoids: on his way to the club in his v8 with the girl

09:54:35 Vexual: prbably

09:55:33 Vexual: hes al about the cubic inches

09:56:19 Vexual: and shit

09:56:49 Vexual: http://www.youtube.com/watch?v=4ITLNzPoEqs

09:56:50 ozbot: Ol' Dirty Bastard-Shimmy Shimmy Ya - YouTube

09:59:32 Vexual: what you nevetr put a padlock on anything? krs1 knows about security

10:01:37 punkman1: https://www.youtube.com/watch?v=4xu1tkect4I

10:01:38 ozbot: Subcarpati - Balada romanului - Video - YouTube

10:01:58 Vexual: 1 dont wanna spell it out but in youve got 9 computers and 12 hos hes you man

10:01:59 herbijudlestoids: im downloading donnie brasco

10:02:28 Vexual: is that like donnie darko?

10:02:42 Vexual: with the rabbit

10:03:34 Vexual: all the flange

10:04:39 Vexual: musica esta execellante

10:08:07 Vexual: https://www.youtube.com/watch?v=v0aRb4rAq0I

10:08:08 ozbot: Wax: "Rosana" (Official Music Video) - YouTube

10:09:15 Vexual: ^Krs1

10:10:21 herbijudlestoids: maybe i should go out and get drunk

10:10:46 Vexual: gow west are you?

10:11:58 herbijudlestoids: not at all? 2 stops on the train from central, could walk to newtown from here

10:12:21 Vexual: petersham?

10:12:34 herbijudlestoids: closer to the airport, but yea in the vicinity

10:12:53 Vexual: ug

10:13:06 herbijudlestoids: my mates live right near petersham stn and i have won the schnitzel challenge at the white cockatoo

10:13:58 Vexual: white cockatoo was where lawson drank

10:14:10 Vexual: i vomited vereywhere in the bank

10:14:37 herbijudlestoids: no shit about lawson? gonna look that up

10:14:53 Vexual: exiting politely with a spray like a skunk

10:14:59 herbijudlestoids: haha true!

10:15:09 herbijudlestoids: you swine, how do you know so much culture shit about inner west sydney

10:15:13 Vexual: keeep sucking dicks you motherfucking cuntz

10:15:31 Vexual: i just got out

10:15:37 herbijudlestoids: ahhh

10:15:43 herbijudlestoids: enjoy vex, behave

10:15:50 Vexual: ciao

10:21:10 Vexual: henry lawson is thje name you're looking for

10:21:29 herbijudlestoids: lol i know that im not completely uncultured

10:21:43 herbijudlestoids: i already looked it up and confirmed on the marrickville council website :D

10:21:56 Vexual: lol

10:23:10 Vexual: i thought you were wester than that

10:24:01 Vexual: theres bitcoin culture when you get to leichhhardt

10:25:51 Vexual: http://www.youtube.com/watch?v=1WhhSBgd3KI&feature=kp i heart sydney

10:25:52 ozbot: The Specials - Ghost Town - YouTube

10:26:40 Vexual: :D

10:30:30 Vexual: http://www.youtube.com/watch?v=gKw5mBh4rYs

10:30:31 ozbot: ODB - Baby, I got your money [*original uncencored video*] - YouTube

10:30:58 assbot: [HAVELOCK] [B.SELL] 1 @ 0.131 BTC [-]

10:31:01 Vexual: pankkkaers ads just got weird

10:32:55 Vexual: ;; later tell mirceas_popescue yes i can provide i tx id if you wanna be a big ho

10:32:56 gribble: The operation succeeded.

10:35:33 Vexual: http://www.youtube.com/watch?v=IxLJTmhJQx0

10:35:34 ozbot: Girls in Hawaii - Not Dead - YouTube

10:38:39 Vexual: http://www.youtube.com/watch?v=T6j4f8cHBIM

10:38:40 ozbot: Nicki Minaj - Stupid Hoe (Explicit) - YouTube

10:42:06 kakobrekla: thats just horrible

10:42:46 Vexual: ::rate jurov inteligent and reasonable

10:43:10 assbot: [MPEX] [S.MPOE] 13214 @ 0.00085801 = 11.3377 BTC [-] {2}

10:43:11 jurov: thx, why so suddenly?

10:43:13 Vexual: rate the karaken intelligent an resasobablwe

10:43:23 jurov: u dunk?

10:43:28 Vexual: i kno wwhere youre from bro

10:43:33 kakobrekla: i think he is also deaf

10:43:38 jurov: urmom

10:43:51 Vexual: um not an idiot

10:44:14 Vexual: im just where youre not from

10:44:28 jurov: ok.. but srsly, y u no register in the wot?

10:44:45 Vexual: well if noone regs vex trommorow im getting it

10:45:01 jurov: :D

10:45:16 Vexual: you're nearly ,my gave giy i wanna know

10:45:34 Vexual: i can spell it with a 1

10:45:36 jurov: wat?

10:45:53 Vexual: yes i like you jurov, but its no tgay

10:46:09 Mats_cd03: I loled

10:46:09 jurov: why not gay? D:

10:46:25 Vexual: if i was a trolla id have had vex a month ago

10:46:58 Vexual: well i aint gonna suxk your dick but i love you more

10:47:33 jurov: actually i'm not so much into sucking, too. more like coddling

10:47:36 Mats_cd03: Can I get a rim job

10:47:44 jurov: see above

10:48:16 Vexual: jurov been in it for 20 years

10:48:18 Mats_cd03: Coddle my rim nigga

10:48:47 jurov: Mats_cd03 well, come around and we'll see what can be done

10:48:58 Vexual: careful wagt you wish for

10:49:46 jurov: you don't have any such wishes? happily married or having proper harem?

10:50:01 Vexual: me?

10:50:12 jurov: yes you

10:50:20 Vexual: i breathe morning keytones and feel sad

10:50:40 Vexual: aint no mystery

10:51:00 jurov: better have wishes gone bad than to stay sad

10:52:18 jurov: oh lol, it's cuddling, not coddling xD

10:53:49 Vexual: youre the first guy im giving points to on wot

10:54:11 Vexual: appears reasonable and intelligent'

10:55:09 Vexual: ill pay mp and acscii and nubs and great and blacksmith

10:57:58 kakobrekla: http://www.bbc.co.uk/news/world-asia-india-26012779

10:58:00 ozbot: BBC News - Man travels 1,000 miles to claim bogus prize

11:00:20 Vexual: kako

11:00:45 kakobrekla: here

11:01:07 Vexual: you're cool maximus

11:01:42 jurov: ;;bc,stats

11:01:45 gribble: Current Blocks: 284784 | Current Difficulty: 2.6214044530646152E9 | Next Difficulty At Block: 286271 | Next Difficulty In: 1487 blocks | Next Difficulty In About: 1 week, 1 day, 15 hours, 29 minutes, and 18 seconds | Next Difficulty Estimate: 3050544405.42 | Estimated Percent Change: 16.37061

11:02:04 jurov: .d

11:02:05 ozbot: 2621404453.06462 | Next Diff in 1487 blocks | Estimated Change: 15.5173% in 8d 17h 20m 35s

11:02:29 assbot: [HAVELOCK] [RENT] 23 @ 0.0055 = 0.1265 BTC {2}

11:02:35 kakobrekla: who cares, its too god damn high

11:03:01 jurov: just cuz bitbet

11:03:10 Vexual: yeah wqell i can't find my beer so i dont know shit

11:03:28 herbijudlestoids: you drank it, dingus

11:03:49 Vexual: waynos cvoolk ntoo

11:04:19 Vexual: that ainbt a thing, get real

11:04:58 Vexual: graets knws

11:07:52 Vexual: http://www.youtube.com/watch?v=N2wqmGu1EY8

11:07:53 ozbot: Everyone Nose (All The Girls Standing In The Line For The... - YouTube

11:08:11 Vexual: im not sayig it was you wayneo

11:09:20 Vexual: but you said it was be and all od assets knows that aint true

11:09:57 Vexual: i can't boot my system with perl

11:10:54 Vexual: i didnt even wanna go to that party

11:11:39 assbot: [HAVELOCK] [RENT] 27 @ 0.0055 = 0.1485 BTC

11:12:57 kakobrekla: http://www.thedomains.com/2014/02/07/german-court-says-registrars-are-responsible-for-content-on-a-website/

11:12:59 ozbot: German Court Says Registrars Are Responsible for Content on a Website | TheDomains.com

11:13:40 Vexual: i spend half my time injecting stem cells into getmans to give them a sense of humour

11:14:05 Vexual: it nevar works

11:16:32 Vexual: http://www.youtube.com/watch?v=PWgvGjAhvIw

11:16:33 ozbot: OutKast - Hey Ya - YouTube

11:17:02 Vexual: pankake , how come french ads are so coool?

11:17:57 Vexual: your fabric softener is called dash

11:18:48 Vexual: ice cold 3000

11:19:46 assbot: [HAVELOCK] [CBTC] 1379 @ 0.000138 = 0.1903 BTC [+]

11:21:48 assbot: [HAVELOCK] [DEALCO] 40 @ 0.004779 = 0.1912 BTC [+]

11:27:19 Vexual: http://www.youtube.com/watch?v=OS_5BORSayc

11:27:21 ozbot: Monkey Magic - YouTube

11:29:25 Vexual: http://www.youtube.com/watch?v=PzbRctkeiC0

11:29:26 ozbot: [Zhang Jizhong] Journey to the West (2011) - Episode 3 - YouTube

11:31:36 cazalla: that's better, OG monkey is better than the remakes

11:32:00 Vexual: indeed cazalla, it is only life after all

11:34:43 cazalla: can't wait to show my son the series when he is a little older

11:35:07 Vexual: yes

11:35:47 Vexual: altthough judo i sireelevant nowadays

11:36:36 cazalla: i'll give him a rake so he can pretend to be pigsy in the backyard

11:36:58 Vexual: 'ha yes but the fish spirit is the real rake holder

11:37:03 assbot: [MPEX] [S.MPOE] 12100 @ 0.00085782 = 10.3796 BTC [-] {2}

11:37:27 Vexual: see do you undrtsand?

11:37:43 cazalla: poker?

11:37:49 Vexual: rake poo or clams?

11:37:52 cazalla: fish, rake, my mind went to poker, otherwise no

11:37:57 Vexual: mm yes

11:38:09 Vexual: will y you play hoplem?

11:38:21 cazalla: are you drunk?

11:38:34 Vexual: do you know my name?

11:38:48 Vexual: i dont steal

11:39:21 cazalla: not really, i don't get much opportunity to read the channel given new born i'm dealing with

11:39:50 Vexual: indeed

11:40:02 Vexual: congratulations

11:40:23 cazalla: past that, i just want sleep :\

11:40:42 cazalla: which i'm going for now, ttyl

11:42:19 Vexual: nicely nicely

11:45:24 Vexual: http://www.youtube.com/watch?v=4ITLNzPoEqs

11:45:25 ozbot: Ol' Dirty Bastard-Shimmy Shimmy Ya - YouTube

11:46:12 assbot: [MPEX] [S.MPOE] 6500 @ 0.00086087 = 5.5957 BTC [+]

11:47:37 Vexual: ::rate wayno unknown

11:48:00 Vexual: -1

11:48:26 Vexual: strange fruit

11:49:28 Vexual: http://www.youtube.com/watch?v=mhFx9ko73X0

11:49:29 ozbot: Ol' Dirty Bastard-Brooklyn Zoo (Video) - YouTube

11:55:57 Vexual: http://www.youtube.com/watch?v=T6j4f8cHBIM

11:55:58 ozbot: Nicki Minaj - Stupid Hoe (Explicit) - YouTube

11:56:22 assbot: [MPEX] [S.MPOE] 11904 @ 0.00086395 = 10.2845 BTC [+]

11:57:46 kakobrekla: Vexual quit spamming

11:57:47 kakobrekla: http://log.bitcoin-assets.com/?date=08-02-2014#489971

11:57:50 ozbot: #bitcoin-assets log

11:58:07 Vexual: fuck you i paid two milly for this shit

11:58:32 kakobrekla: your prepaid mills ran out

11:58:42 Vexual: whats the damage?

11:58:50 kakobrekla: broken ears

11:58:57 Vexual: di it

11:59:31 Vexual: ill do it coz i love your ears

12:00:59 Vexual: http://www.youtube.com/watch?v=gjKFCYzqq-A france just asjke me me if i like a ford fiesta

12:01:01 ozbot: Parliament Funkadelic - Bring The Funk - YouTube

12:01:10 Vexual: i do

12:01:14 Vexual: 1.0 l

12:01:32 Vexual: send me the bill

12:03:08 kakobrekla: must think of something you cant afford

12:04:07 Vexual: kraken ill be honest, i can pay quarterly, more than that, its a no gop

12:06:32 assbot: [HAVELOCK] [B.EXCH] 3 @ 0.19376446 = 0.5813 BTC [+]

12:07:25 Vexual: ill keep your arse swingin

12:08:56 Vexual: +m wont suffice

12:09:27 Vexual: kick will

12:10:06 Vexual: yjis is a goat ttrack

12:10:10 Vexual: http://www.youtube.com/watch?v=D-NvQ6VJYtE

12:10:12 ozbot: Jamiroquai - Cosmic Girl - YouTube

12:11:11 Vexual: please dont kivck me

12:12:01 Vexual: im emailing the pm

12:13:15 Vexual: nubbins gots goats shirt made already

12:15:25 Vexual: http://www.youtube.com/watch?v=bKgf5PaBzyg

12:15:26 ozbot: How To Uninstall McAfee Antivirus - YouTube

12:20:20 Vexual: http://www.youtube.com/watch?v=nevPqXNjM-k

12:20:21 ozbot: John McAfee warning about the use of appliances for security breach purposes - YouTube

12:22:38 Vexual: raspi in a luchbox

12:24:01 Vexual: http://www.youtube.com/watch?v=gKw5mBh4rYs regres

12:24:02 ozbot: ODB - Baby, I got your money [*original uncencored video*] - YouTube

12:28:27 Vexual: http://www.youtube.com/watch?v=1plPyJdXKIY

12:28:28 ozbot: Warren G - Regulate ft. Nate Dogg - YouTube

12:30:56 assbot: [HAVELOCK] [B.SELL] 1 @ 0.13 BTC [-]

12:34:25 Vexual: http://www.youtube.com/watch?v=SeIJmciN8mo&list=ALHTd1VmZQRNptgo4ed0biMPKtTTpYcIE_

12:34:26 ozbot: Nicki Minaj - Starships (Explicit) - YouTube

12:36:01 assbot: [MPEX] [S.MPOE] 15596 @ 0.00086395 = 13.4742 BTC [+]

12:39:22 Vexual: ;; later tell mircea_popescue poke nikini minaj

12:39:22 gribble: The operation succeeded.

12:40:36 Vexual: http://www.youtube.com/watch?v=YLiFb_xwB1E\

12:40:37 ozbot: Jungle Brothers "Because I Got It Like That" (album version) 1989 - YouTube

12:42:40 Vexual: slap i sonly for +m

12:45:59 Vexual: http://www.youtube.com/watch?v=Cj8JrQ9w5jY

12:46:00 ozbot: LCD Soundsystem - Daft Punk Is Playing At My House - YouTube

12:47:11 Vexual: nyc

12:50:03 Mats_cd03: Go to sleep, you're drunk

12:50:10 Vexual: later tell Luke-Jr I I knnow are about jesus than you

12:50:17 Vexual: ;;later tell Luke-Jr I I knnow are about jesus than you

12:50:17 gribble: The operation succeeded.

12:54:47 Vexual: http://www.youtube.com/watch?v=r34MG8b_Z3A

12:54:48 ozbot: Bliss n Eso - My Life (feat. Ceekay Jones) - Official Video Clip - YouTube

12:59:53 Vexual: http://www.youtube.com/watch?v=o3yXS1i-GHk bhgminer

12:59:54 ozbot: LEE SCRATCH PERRY - DuB those crazy Baldheads [HD] Summerjam 2011 - YouTube

13:04:29 assbot: [HAVELOCK] [B.SELL] 1 @ 0.131 BTC [+]

13:05:30 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

13:06:07 Vexual: http://www.youtube.com/watch?v=2qCQ8O6D4Ps\

13:06:08 ozbot: Lee 'Scratch' Perry - Interview - Tracks Arte TV - YouTube

13:07:11 Vexual: http://www.youtube.com/watch?v=8nz_uSssKTw so paris

13:07:12 ozbot: Junior Murvin - Police & Thieves (HQ) - YouTube

13:14:30 Vexual: http://www.youtube.com/watch?v=fTcP9lK9zTM

13:14:32 ozbot: Seeed - Papa Noah - YouTube

13:15:41 assbot: [HAVELOCK] [B.SELL] 1 @ 0.131 BTC [+]

13:16:41 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

13:17:25 herbijudlestoids: still up vex?

13:18:18 Vexual: yah mon nya work pon the sabbath

13:18:27 herbijudlestoids: haha

13:18:30 herbijudlestoids: hows the weather

13:19:00 Vexual: verily stormy

13:19:11 herbijudlestoids: but still like 80 degrees?

13:19:23 herbijudlestoids: i love the tropics

13:19:38 Vexual: mee too i spend too much time here

13:19:40 ThickAsThieves: anyone read much on autonomous organizations?

13:19:46 ThickAsThieves: http://bitcoinmagazine.com/10055/cryptographic-code-obfuscation-decentralized-autonomous-organizations-huge-leap-forward/

13:19:49 ozbot: Cryptographic Code Obfuscation: Decentralized Autonomous Organizations Are About to Take a Huge Leap

13:19:51 ThickAsThieves: mike hearn speaks on it too

13:19:56 ThickAsThieves: there's a vid somewhere

13:20:22 herbijudlestoids: i read about it briefly but it went over my head

13:20:32 ThickAsThieves: i think because it's hot air

13:21:11 ThickAsThieves: the closest i've come to distilling why

13:21:13 ThickAsThieves: is i

13:21:51 ThickAsThieves: is i'm not sure you can have a real autononmous org without it also being spontaneous

13:22:17 ThickAsThieves: autonomous*

13:22:51 herbijudlestoids: whats the use case for the DAO?

13:23:24 ThickAsThieves: i'm also not clear how an autonomous entity would compete with real intelligent businesses

13:23:49 ThickAsThieves: the clearest case ive heard

13:23:59 ThickAsThieves: is a taxi service that runs itself

13:24:06 ThickAsThieves: self-driving cars

13:24:17 ThickAsThieves: that autoschedule repairs and upgrades

13:24:23 herbijudlestoids: ah ok hmmm

13:24:25 ThickAsThieves: and auto save profits

13:24:30 ThickAsThieves: to buy more cars

13:24:31 ThickAsThieves: etc

13:24:39 herbijudlestoids: so its gotta be businesses where theres lots of nodes and all the nodes are equal

13:24:42 herbijudlestoids: a flat graph

13:25:40 ThickAsThieves: i can envision their dream, i just cant see it surviving in a real world

13:27:23 Vexual: you want some more?

13:27:52 assbot: [HAVELOCK] [B.EXCH] 10 @ 0.19376446 = 1.9376 BTC [+]

13:28:44 Vexual: if you've borrowed my atals i want it back

13:28:45 herbijudlestoids: hmm interesting, the bitcoin wiki lists "keyhotee" "a DAC replacement for OpenID"

13:29:25 Vexual: apparenyly gpg is better than abitcoing signature

13:30:24 herbijudlestoids: i guess the -otc WoT is a "DAC"

13:30:31 herbijudlestoids: except the entire thing is stored on some server

13:30:34 herbijudlestoids: so not really

13:30:49 Vexual: i can understand why

13:30:59 Vexual: theres ten kinds ow fuckwits

13:31:18 ThickAsThieves: <herbijudlestoids> except the entire thing is stored on some server --- recently ive been preaching need for a decentralized wot

13:31:34 Vexual: motorcyles ride 30 secs apart here in qld now

13:31:46 ThickAsThieves: one that also can be made user-friendly

13:31:57 herbijudlestoids: ThickAsThieves: there is one on freenet

13:32:08 ThickAsThieves: doesnt sound uderfriendly

13:32:23 Vexual: you've changes your tune

13:33:02 Vexual: http://www.youtube.com/watch?v=51xC2Us9vXQ

13:33:03 ozbot: Katherine Bryan International Solo Flautist - YouTube

13:33:26 herbijudlestoids: ThickAsThieves: its not bad these days, but yea a little hard for most users cos they have to stop spammers so each identity has a "cost", you gotta fill out a page of 9 captchas or something like that

13:33:51 Vexual: my vorb doeth captchas

13:33:53 herbijudlestoids: https://wiki.freenetproject.org/Web_of_Trust

13:33:58 assbot: [HAVELOCK] [RENT] 100 @ 0.0055 = 0.55 BTC

13:33:59 ozbot: Web of Trust - Freenet Wiki

13:34:21 Vexual: im coming with a bot when i identify

13:34:38 Vexual: and 12 dogs

13:34:55 Vexual: 2 cats and a guinea pig

13:35:19 ThickAsThieves: why does freenet sound like a better tor, but everyone use tor?

13:35:47 Vexual: its slower than pankakke coding

13:35:49 herbijudlestoids: its completely different

13:35:59 herbijudlestoids: tor is a routing layer which has exit nodes

13:36:04 herbijudlestoids: i2p is a routing layer without

13:36:09 herbijudlestoids: freenet is a distributed datastore

13:36:15 herbijudlestoids: theres no "servers"

13:36:50 ThickAsThieves: so everyone stores part of everyone else's websites?

13:37:11 herbijudlestoids: essentially, yea. its not too different from a DHT

13:37:20 herbijudlestoids: its not just website, its arbitrary bytes

13:38:14 ThickAsThieves: i feel like there are a dozen bitcoiners probly trying to make this a la blockchain and dont know it already exists

13:38:14 herbijudlestoids: if you wanted a distributed WoT, i would recommend a DHT underlying whatever the existing one is

13:38:30 herbijudlestoids: yea i get that feeling as well

13:38:40 herbijudlestoids: mircea_popescu: thoughts on the freenet distributed WoT?

13:38:50 mircea_popescu: which one is this ?

13:38:53 herbijudlestoids: https://wiki.freenetproject.org/Web_of_Trust

13:38:54 ozbot: Web of Trust - Freenet Wiki

13:38:58 ThickAsThieves: what i want is basically like a openID or sign in with Facebook kinda thing but as a WoT

13:39:22 mircea_popescu: afaik nanotube was working on something like this since about 2012. is this his ?

13:39:28 herbijudlestoids: nope

13:39:39 mircea_popescu: then shrug.

13:39:41 mircea_popescu: people before tech.

13:39:53 herbijudlestoids: well maybe but i dun think so

13:40:20 mircea_popescu: (reason i hilited him is cause eventualy once he gets through the logs he can tell me lol)

13:40:59 Vexual: whos in awhat now?

13:41:27 herbijudlestoids: ThickAsThieves: seems like "invictus" is pushing keyhotee pretty hard for this, blockchain based

13:41:44 mircea_popescu: also, for the people following s.mg progress : working towards finally moving most of the thing into eclipse

13:42:22 ThickAsThieves: keyhotee will fail

13:42:26 ThickAsThieves: the name is horrible

13:43:14 mircea_popescu: o this is that ancient thing that never went nowhere

13:43:28 herbijudlestoids: sounds like there is some room there for something

13:44:14 Vexual: 1 am 12 cnad what is this?

13:44:21 ThickAsThieves: oh he also made bitshares

13:44:23 herbijudlestoids: but firstly, how do you convince people to adopt it?

13:44:27 ThickAsThieves: for "Many alt-companies with creative profit models."

13:45:10 ThickAsThieves: you wrap it into bitcoin services

13:45:33 ThickAsThieves: appify it, i dunno

13:45:48 mircea_popescu: lel.

13:45:54 herbijudlestoids: for example, if everyone in -otc continues to use the centralised version, because they dont want to lose their existing rep, then what

13:46:12 mircea_popescu: herbijudlestoids i will continue to use otc, because i do not use solutions of nobodies.

13:46:16 Vexual: http://www.youtube.com/watch?v=lJbG23qEry8

13:46:17 ozbot: Alby Mangels Adventure Bound THE WHOLE SERIES - YouTube

13:46:21 mircea_popescu: this is the end of any other attempt, full stop.

13:46:30 mircea_popescu: in order to become somebody you become somebody, the steps are laid out

13:46:35 mircea_popescu: THEN you go about making things.

13:46:49 herbijudlestoids: mircea_popescu: just in the hypothetical that a somebody made something good

13:46:52 mircea_popescu: this bs where 20something dork "comes up" with some sort of "revolutionary" thing and everyone cares is not unlike manga.

13:46:54 Vexual: cock mouth is always a risk

13:47:03 mircea_popescu: not only it never happens, it never should happen and by god im here to ensure it never does.

13:47:13 mircea_popescu: herbijudlestoids nobody definitely didn't make something good.

13:47:20 mircea_popescu: he made something that looks good to idiots.

13:47:20 herbijudlestoids: teehee

13:47:24 mircea_popescu: i tell ye.

13:47:34 mircea_popescu: there's more to "good" than meets the eye

13:47:44 mircea_popescu: it's just that you're new here and haven't gone through the training process

13:47:47 herbijudlestoids: lets just say that you made a nice distributed WoT

13:47:51 mircea_popescu: you did not.

13:48:00 ThickAsThieves: you, not you

13:48:01 Vexual: say what?

13:48:07 mircea_popescu: ThickAsThieves lol.

13:48:14 herbijudlestoids: *you*, mp, not you as in the hypothetical you

13:48:21 mircea_popescu: but it's absurd, i don't code.

13:48:33 ThickAsThieves: maybe you paid some other somebody to do it

13:48:34 herbijudlestoids: godanget, i dunno, somebody who you dont think is a retard

13:48:35 mircea_popescu: the very proposition belies fundamental ignorance of the entire thing, which is why i object.

13:48:39 mircea_popescu: okay.

13:48:45 mircea_popescu: so you mean "someone in your wot"

13:48:49 herbijudlestoids: so lets say that make it and its good

13:48:52 mircea_popescu: okay.

13:48:58 herbijudlestoids: now how do you drive teh adoptionz

13:49:01 Vexual: mp is very adverse to starting with 0

13:49:12 mircea_popescu: that'd be something i can't explain to you.

13:49:40 herbijudlestoids: im too retarded?

13:49:41 mircea_popescu: but compare and contrast (by which i mean meditate upon) the alt coin with max keiser's alt coin and you'll perhaps you'll come to something.

13:49:55 mircea_popescu: herbijudlestoids no, it's not intelligence you lack, it's the experience that'd inform that intelligence.

13:50:00 Vexual: never too retarded, might have to reword the question

13:50:07 ThickAsThieves: well i was gonna say, why is driving adoption so integral to the goal

13:50:17 ThickAsThieves: make it because it's worth being made

13:50:32 mircea_popescu: ThickAsThieves because people today grow up in this echo chamber

13:50:45 mircea_popescu: "you guise think drugs are cool rite ? cause there's these bath salts here..."

13:50:52 herbijudlestoids: ThickAsThieves: well if the inertia of the existing system means nobody uses it, then it fails at its fundamental goal of being a distributed WoT that derives its value from having lots of credible ratings

13:51:03 Vexual: mcafee is cool, bathselts arent

13:51:16 assbot: [HAVELOCK] [B.EXCH] 16 @ 0.19376446 = 3.1002 BTC [+]

13:51:17 mircea_popescu: herbijudlestoids your fundamental presumption is that everyone is at all times in the position to make anything.

13:51:17 mircea_popescu: this is false.

13:51:21 ThickAsThieves: what if you let people port trust, and they get a note on their account

13:51:36 ThickAsThieves: Trust History from OTC WoT*

13:51:38 herbijudlestoids: ThickAsThieves: i was thinking of something like that, maybe you can model existing WoTs as nodes in the graph

13:51:38 mircea_popescu: the declaration of love that sunk cleopatra is not something every roman citizen could have made any time they felt like it.

13:51:41 ThickAsThieves: maybe our wot sipports wots

13:51:48 mircea_popescu: only cesar and antony, and only at proper times.

13:52:21 Vexual: mcaffee read erowid and pisssed something better

13:52:25 mircea_popescu: most of the possibility of the world is locked away from most people most of the time.

13:52:25 herbijudlestoids: ok well in that case its horizontally compatible and doesnt depend on any adoption, in fact would be quite useful in case for example catastrophe strikes the existing WoT server it might be stored on someone elses computer

13:52:46 mircea_popescu: i have a copy of the current wot. so can you

13:52:52 Vexual: im veetically inept

13:53:01 mircea_popescu: it uses the mpex "make your own backups if you're worried" model

13:53:32 ThickAsThieves: so it's a wot of wots then

13:53:33 Vexual: how does a cardano make mpex better?

13:53:52 ThickAsThieves: maybe each wot chain comes with it's own level of trust too

13:54:02 herbijudlestoids: mircea_popescu: do you just wget the viewratings.php?

13:54:12 mircea_popescu: Vexual i have no idea. the disadvantage of making tools for a reason rather than towards a purpose is that it's really up to the users to figure out how to wring all the utility out of them.

13:54:19 herbijudlestoids: ThickAsThieves: if each WoT is just a node in the graph it can be exactly so

13:54:20 mircea_popescu: linus really had no idea what linux is good for.

13:54:32 mircea_popescu: herbijudlestoids nono, look in the wiki there's a link to backups

13:54:38 herbijudlestoids: mircea_popescu: ah ok thx

13:54:45 herbijudlestoids: so you just cron those or somethin

13:54:58 mircea_popescu: within reason.

13:55:45 herbijudlestoids: mircea_popescu: ok so the existing server eats shit somehow, and you have your backup, someone wants to sell you 50 BTC and they screw you somehow, you want to let others know by giving that person a negative rating but you cant

13:55:56 herbijudlestoids: you have to fire up mpwot.com and convince people to use it

13:55:57 mircea_popescu: wait wait.

13:56:02 mircea_popescu: who says i'm trading without a wot ?

13:56:13 Vexual: i will

13:56:22 Vexual: is it a thing?

13:56:22 herbijudlestoids: so the wot goes down and liquidity vanishes?

13:56:30 mircea_popescu: liquidity in the periphery

13:56:42 herbijudlestoids: right, i guess you dont need the wot for everyone

13:56:45 mircea_popescu: this is how financial networks work : when standardisation goes down the periphery eats it.

13:56:49 herbijudlestoids: just people you dont already know

13:57:26 Vexual: soemone at emy sushi

13:57:26 mircea_popescu: which incidentally shows you a different path into why the periphery can not be the standardisation driver

13:57:35 mircea_popescu: which is exactly homologuous to what i said earlier.

13:57:40 Vexual: this can oly be good

13:57:42 herbijudlestoids: teehee you said homo

13:57:48 ThickAsThieves: so what youre saying is, the best way to model reputation systems, is like how they work IRL?!

13:57:56 ThickAsThieves: :)

13:57:59 mircea_popescu: lol

13:58:00 Vexual: :)

13:58:15 Vexual: welsome to earth herbi

13:58:22 herbijudlestoids: anyone know if the existing WoT software is open source?

13:58:27 mircea_popescu: it is.

13:58:53 herbijudlestoids: sounds like all it needs is an extra piece of functionality, so each WoT node can talk to other WoT nodes

13:58:56 herbijudlestoids: and rate them

13:59:06 mircea_popescu: it has that already

13:59:11 mircea_popescu: write an irc bot.

13:59:16 mircea_popescu: talk to gribble.

13:59:25 Vexual: i really wanted to eat that

13:59:26 herbijudlestoids: so ThickAsThieves whats missing?

13:59:31 ThickAsThieves: CSS

13:59:32 herbijudlestoids: sounds like functionality is there

13:59:32 mircea_popescu: nothing is missing lol

13:59:33 ThickAsThieves: as usual

13:59:49 herbijudlestoids: mircea_popescu: he was saying just before you came in that he wanted a distributedier WoT

13:59:56 mircea_popescu: what the fuck, are we stupid or something ? been using this thing for years, i promote it as the solution, something;'s missing ?

13:59:57 mircea_popescu: caus ewhy.

14:00:10 herbijudlestoids: i just assumed the functionality wasnt there

14:00:14 mircea_popescu: yeah well.

14:00:25 ThickAsThieves: so why dont i use wot to log into things?

14:00:32 mircea_popescu: because things suck.

14:00:42 Vexual: coz your house aint amart

14:00:47 mircea_popescu: takes all of five minutes to steal gribble id code.

14:01:06 mircea_popescu: meanwhile all the fuckwitted uk people who spend their time pretending to be women and pretending to be famous and important and into tech

14:01:08 Vexual: i wish i knew hwo at emy sushi

14:01:19 mircea_popescu: spend all their time making retarded websites encouraging little boys to waste their life similarly

14:01:20 herbijudlestoids: so really what you want, ThickAsThieves is a REST API

14:01:29 mircea_popescu: because then if there are many idiots in the same boat it wouldn't have been a waste.

14:01:35 herbijudlestoids: so that people can query whichever shits they want in web services?

14:01:43 mircea_popescu: and i think exactly the same of friedcat and co, too. when i say it's a sad story this is what i mean.

14:01:46 Vexual: theres noone here its proaby still there

14:02:22 ThickAsThieves: it may be time to ignore vexual

14:02:33 herbijudlestoids: hes ok

14:02:33 Vexual: bitch

14:02:41 herbijudlestoids: its saturday night here ThickAsThieves :)

14:02:43 mircea_popescu: http://i.imgur.com/jpBRyxc.gif

14:02:45 ThickAsThieves: ah

14:02:46 ThickAsThieves: hehe

14:02:48 mircea_popescu: that is vexual on the right there

14:03:05 Vexual: tat i wont hold it afainst you

14:03:05 ThickAsThieves: lol

14:03:22 ThickAsThieves: your language is foreign to me vex

14:03:28 herbijudlestoids: more specifically, its 1am on a sat night

14:03:36 ThickAsThieves: it's 9am here

14:04:02 Vexual: its also not melbourne time here herbi

14:04:12 herbijudlestoids: think im gonna chuck some food in the oven, bbs

14:04:51 Vexual: yeah tat, i put stem cells into germans with no effect

14:04:59 ThickAsThieves: i heard

14:05:00 ThickAsThieves: mp

14:05:04 ThickAsThieves: youre gonna love this

14:05:07 ThickAsThieves: http://qz.com/174757/bitcoin-company-offers-stock-denominated-in-bitcoin/

14:05:08 ozbot: Bitcoin company offers stock denominated in bitcoin – Quartz

14:05:14 mircea_popescu: lol derp.

14:05:26 ThickAsThieves: from your friends at quartz!

14:05:43 mircea_popescu: actually from the same fuckwit

14:05:58 mircea_popescu: this is what we're reduced to : i tell him on twitter to get over himself, he's no longer in highschool

14:06:10 Vexual: people go back and read vex logs and come up with stuff like divesify

14:06:10 mircea_popescu: he proceeds to try and prove to the world that no, i am wrong. indeed he is in hs.

14:06:26 Vexual: ha?

14:06:31 Vexual: hs?

14:06:40 ThickAsThieves: high school

14:06:49 mircea_popescu: Vexual that place where the government pays for kids airs.

14:06:54 Vexual: oh, lik etokyo?

14:07:03 ThickAsThieves: "“Eventually Bitcoin Kinetics will become a Decentralized Autonomous Organization run completely by smart contracts, 3D printers & shipping centers, making it run on its own."

14:07:21 ThickAsThieves: Decentralized Autonomous Organization

14:07:23 ThickAsThieves: Decentralized Autonomous Organization

14:07:28 mircea_popescu: welcome to 2011, we needed glbse.

14:07:35 ThickAsThieves: wtf

14:07:46 Vexual: ylang ylang

14:07:48 mircea_popescu: ThickAsThieves they mean "mpex" and don't know how to say it.

14:07:57 mircea_popescu: seeing how this has been going on for years already.

14:08:05 Vexual: apex and alc

14:08:25 ThickAsThieves: why did they just like, throw in 3D printers into that statement

14:08:26 ThickAsThieves: wtf

14:08:30 herbijudlestoids: HAHA

14:08:32 herbijudlestoids: 3d printers

14:08:34 mircea_popescu: because words.

14:08:44 mircea_popescu: this is what the periphery does : words.

14:08:47 herbijudlestoids: ThickAsThieves: teh futyah

14:08:48 mircea_popescu: they wanna be just like nyc.

14:09:13 Vexual: lab

14:09:21 mircea_popescu: they can't be trusted with defining what being nyc actually means, but they can be trusted to implement a very broken, ridiculous version of what they heard it may be like.

14:09:46 ThickAsThieves: Xerox should take over 3d printer market while they can

14:09:55 ThickAsThieves: start selling as necessary to business

14:09:56 mircea_popescu: they can't.

14:10:04 mircea_popescu: the 3d printer market is composed of no market.

14:10:11 ThickAsThieves: but business!

14:10:19 Vexual: when thers a 3d pixma ill but iy

14:10:23 herbijudlestoids: seems quite useful for prosthetics and things like that

14:10:27 mircea_popescu: yeah but it's more the hopes and aspirations of a bunch of nuts and the creative effort of some geeks.

14:10:32 wao-ender: I think 3d printer market is already divided.

14:10:34 mircea_popescu: too meristem-y for business yet.

14:10:40 wao-ender: Bigger part is owned by Stratasys

14:10:49 Vexual: hp gave me herpes

14:11:01 ThickAsThieves: yknow it really would suit xerox though

14:11:09 mircea_popescu: wao-ender the trick in this discussion is the hidden axiom that "a bunch of people buying and selling isn't necessarily a market"

14:11:11 Vexual: pew pew pew

14:11:20 mircea_popescu: ThickAsThieves maybe, on the hardware part of things,

14:11:29 wao-ender: ah, I didnt read whole discuss, sry

14:11:35 mircea_popescu: but in general concepts pose the larger problem. if they did try to take it they may end up doing something idiotic

14:11:44 mircea_popescu: like i dunno, spending all their money on facebook ads.

14:12:06 ThickAsThieves: also xerox has spent a long time becoming a sales and repair company

14:12:08 mircea_popescu: cause of conceptual confusion engendered by the "market"

14:12:10 ThickAsThieves: new tech not so much

14:12:16 mircea_popescu: exactly.

14:12:31 Vexual: imagine being a xerox texh

14:12:34 mircea_popescu: cost more to explain to xerox employees wtf this is supposed to be than to just make a new xerox.

14:12:43 Vexual: treporno

14:12:46 ThickAsThieves: i was never a xerox tech, but something very close

14:12:53 Vexual: pool cleaner?

14:12:56 mircea_popescu: ahahahaha

14:13:00 ThickAsThieves: i did repair my own xerox on several occassions

14:13:09 ThickAsThieves: ESTAT machines

14:13:14 mircea_popescu: you should have ignored him when you could. now you're stuck

14:13:15 herbijudlestoids: whats that ThickAsThieves?

14:13:21 Vexual: i would fix the fuck outta those laser printers

14:13:49 mircea_popescu: ThickAsThieves their health monitor thing ?

14:13:54 ThickAsThieves: they are these large format printers that use static (sorta like a xerox) to pattern a coated paper

14:14:05 ThickAsThieves: the paper runs a few inches away from ink wells

14:14:10 ThickAsThieves: the ink sticks to the paper

14:14:18 mircea_popescu: o

14:14:23 ThickAsThieves: then you run the paper with fabric into a rolling heat press

14:14:33 ThickAsThieves: to dye sublimate

14:14:56 ThickAsThieves: the machines never run perfectly

14:15:00 ThickAsThieves: cuz humidity etc

14:15:15 ThickAsThieves: but the prints are quite nice

14:15:26 ThickAsThieves: i dont think they are in use anymore

14:15:46 ThickAsThieves: people use inkjets to same purpose

14:16:21 herbijudlestoids: watch out we got a fuckin printing nerd over here :P

14:17:09 herbijudlestoids: so what were you using it for ThickAsThieves? tshirts or banners or something?

14:17:10 mircea_popescu: nubbins is the same way.

14:17:20 ThickAsThieves: tension fabric structures

14:17:25 herbijudlestoids: wutsat

14:17:40 Vexual: tshirts

14:17:52 ThickAsThieves: https://www.google.com/search?q=tension+fabric+structures&espv=210&es_sm=122&tbm=isch&source=lnms&sa=X&ei=eDz2Uu-OIKqysQShg4H4Dg&ved=0CAcQ_AUoAQ&biw=1706&bih=876

14:18:02 herbijudlestoids: ah yea

14:18:13 mircea_popescu: o wait. you're the guy that can make us the mesh dome anti-hypersonic-missile defense.

14:18:17 ThickAsThieves: it's where i learned that geometry was useful too

14:18:25 ThickAsThieves: hehe

14:18:26 Vexual: big pecks

14:19:11 mircea_popescu: jesus. so i go check fraudsters awstats. i find out that TO THIS DAY my 2nd most read article is a 2012 romanian language guide for women as to how you suck cock.

14:19:16 Vexual: mp do you actually have a haerum, or is that a joke about the slaves email?

14:19:22 herbijudlestoids: lellll

14:19:33 mircea_popescu: that thing is never going away. "mp ? what, bitcoin, whatever ? nah, this guy is famous because that one time he wrote a cocksucking guide"

14:19:44 mircea_popescu: Vexual i keep slaves.

14:19:59 Vexual: my brain

14:20:21 herbijudlestoids: well the target audience is slightly larger mp, between 50% of the romanian population who are potentially interested (+ gay guys) versus what...0.5% of global pop interested in bitcoin?

14:20:47 ThickAsThieves: i bet straight guys visit the page more than anyone

14:20:50 mircea_popescu: so then .5 * 20 / .005 * 10000

14:20:52 mircea_popescu: seems to me...

14:22:13 herbijudlestoids: maybe 0.5% is too much, thats 30 million people, you took me literally sir

14:22:32 mircea_popescu: well, if you model the same way it's 50% vs 100%

14:22:44 mircea_popescu: because all people are interested in bitcoin the way all women are interested in sucking it.

14:23:02 ThickAsThieves: "We have received positive reply from Havelock and an application form. Business plan is under development."

14:23:02 Vexual: i do some handy rope work

14:23:12 mircea_popescu: ThickAsThieves i guess that sums it up.

14:23:20 ThickAsThieves: lol

14:23:34 ThickAsThieves: IPO first, questions later

14:23:35 mircea_popescu: it's remarkable how little people understand of what they're actually saying.

14:23:42 mircea_popescu: it's almost as if they have no business training at all.

14:23:55 mircea_popescu: kramerica industries ftw!

14:24:00 ThickAsThieves: training, they havent left the house

14:24:25 Vexual: ill invert some braid like it was made like that

14:24:26 mircea_popescu: that's ambiguous. do you mean as in otaku or do you mean as in, still being underage.

14:24:42 herbijudlestoids: a solitary man with a messy apartment which may or may not contain a chicken

14:24:46 ThickAsThieves: i mean they havent done drugs and been in a porno

14:24:48 mircea_popescu: Vexual you know there's a lot of aussie chicks into being roped up.

14:24:56 mircea_popescu: ThickAsThieves ahahaha win.

14:25:04 Vexual: yeah they don't pay for good ropework

14:25:05 mircea_popescu: they could all call themselves buck naked

14:25:18 mircea_popescu: and then we could have buck naked does X obscure town in kanuckistan, volume 75984576985

14:25:28 herbijudlestoids: buck in kanuck

14:25:32 mircea_popescu: Vexual maybe they pay in kind.

14:26:04 Vexual: i mainly do boats

14:26:16 mircea_popescu: vexual's crochet yacht ?

14:26:21 ThickAsThieves: so blockr.io won't host an ATC block explorer, yet

14:26:21 mircea_popescu: (all new material) ?

14:26:28 mircea_popescu: ThickAsThieves says who ?

14:26:34 Vexual: yes, i can read japanese too

14:26:35 ThickAsThieves: the staff

14:26:42 mircea_popescu: meh.

14:26:43 herbijudlestoids: porncoin

14:26:45 herbijudlestoids: boobcoin

14:26:49 ThickAsThieves: "I'm not familiar how coinmarketcap.com works but I was certain I'd find you there. Did you not request to be added there?

14:26:50 ThickAsThieves: "

14:26:50 herbijudlestoids: ghmm, nope

14:26:51 ThickAsThieves: also

14:27:09 ThickAsThieves: "Unfortunatelly that's almost all that we've done. And there's so much more we want to do with blockr. So we made a decision to stop adding new coins for some time."

14:27:12 Vexual: pictures and shit

14:27:30 ThickAsThieves: "We'll add new features to blockr and then we'll proceed with second phase of adding coins. Blockr is modular and ATC doesn't seem to be problematic to add. We'll make a public announcement when phase II starts."

14:27:56 mircea_popescu: ThickAsThieves sounds to me like you got support. give it a few.

14:28:03 Vexual: if you want the real alt you dont wanna be in every marketplace

14:28:42 ThickAsThieves: yeah no need to force it

14:28:49 ThickAsThieves: just putting it out there

14:29:02 ThickAsThieves: an explorer will be nice

14:29:12 Vexual: got a server?

14:29:30 ThickAsThieves: a couple

14:29:45 Vexual: i cant afford underpants

14:29:49 mircea_popescu: Perlboy bugpowder went and explained it to people on the forum ( https://bitcointalk.org/index.php?PHPSESSID=jvs9l9mqvr6d3hnql5bfs445b1&topic=449354.msg4959357#msg4959357 ) and it has been discussed here in public plus a bunch of kids with blogs wanted to "interview" me or w/e.

14:29:52 herbijudlestoids: Vexual: ill host your underpants

14:30:10 herbijudlestoids: ThickAsThieves: whats the link for altcoin again?

14:30:16 mircea_popescu: ThickAsThieves was blockchain.info os ?

14:30:57 ThickAsThieves: www.therealaltcoin.org

14:31:03 ThickAsThieves: the source is in the forum link

14:31:16 ThickAsThieves: os?

14:31:31 herbijudlestoids: open source

14:31:33 Perlboy: mircea_popescu, appreciate the answer so thanks. So in summary someone gambled the price would goto 4000->5000 by end of February?

14:31:35 ThickAsThieves: oh

14:31:37 ThickAsThieves: i doubt it

14:31:50 ThickAsThieves: ill dig

14:31:53 kakobrekla: tat blockr will add atc

14:31:54 mircea_popescu: Perlboy nah, it's a lot finer than that. basically gambled price will go up

14:31:59 Perlboy: cause that's the way bugpowders response read.

14:32:00 mircea_popescu: magically THE NEXT FUCKING DAY the price went down

14:32:47 mircea_popescu: Perlboy naked puts work like this : you make money by the price rising up to your strike. so in the 800-5k per interval, the puts slowly made money for the seller.

14:32:49 herbijudlestoids: Perlboy: i tried to explain it to nubbins yesterday (in depth) if you wanna look through the logs

14:32:54 mircea_popescu: obviously in the 0-800 interval they lose money.

14:33:01 ThickAsThieves: <kakobrekla> tat blockr will add atc --- you know them?

14:33:08 kakobrekla: ThickAsThieves , i talked to mah bois after you got dumped

14:33:13 ThickAsThieves: word

14:33:18 Perlboy: herbijudlestoids, yep k, will grep

14:33:29 herbijudlestoids: http://log.bitcoin-assets.com/?date=07-02-2014#486309

14:33:32 ozbot: #bitcoin-assets log

14:33:33 Perlboy: mircea_popescu, let me go log read rather than waste more of your time..

14:33:34 Vexual: tat you're doing it wrong

14:33:36 ThickAsThieves: i need to fire up my wot again, it's been a long time

14:33:37 Perlboy: :)

14:33:38 mircea_popescu: someone needs to dig up mpoe-pr's old posts

14:33:48 mircea_popescu: she included graphs for womenz and other visual thinkers.

14:33:52 mircea_popescu: i think they help a lot, personally.

14:34:11 herbijudlestoids: mircea_popescu: you can just google short put to see the payoff graphs for it ;)

14:34:31 Vexual: http://www.youtube.com/watch?v=Gl83mI69nX4

14:34:31 mircea_popescu: oh. yeah, in retrospect, she did graphs for the mining diff complex hedge thing, not for this.

14:34:32 ozbot: Lupe Fiasco - Kick Push (Video) (Album Version) - YouTube

14:34:33 mircea_popescu: nm.

14:35:17 Vexual: price it like hydro

14:35:28 Vexual: water

14:36:34 herbijudlestoids: ok foods ready, imma go back to my movie, hope the explanation doesnt burn your eyes Perlboy

14:36:54 Perlboy: herbijudlestoids, hehe, it did a little bit but i'll read it again tomorrow

14:37:02 Vexual: what u watching finserv?

14:37:20 Perlboy: for me i'm just trying to understand the instrument, definitely the most complex i've seen in btc space

14:38:01 assbot: [HAVELOCK] [AM1] 3 @ 0.52 = 1.56 BTC [-]

14:38:06 Vexual: which instrument?

14:38:33 herbijudlestoids: those short puts everyone is gibbering about

14:40:03 assbot: [HAVELOCK] [AM1] 1 @ 0.52 BTC [-]

14:41:32 Vexual: herbi what movie?

14:41:57 herbijudlestoids: donnie brasco

14:41:58 Perlboy: Vexual, assbot puts

14:41:59 Perlboy: :)

14:43:06 Vexual: never herd that sentece before old man

14:45:42 ThickAsThieves: worst web design ever https://www.coins-e.com/

14:45:49 ThickAsThieves: dat grid

14:46:00 ThickAsThieves: stare at it for a minute then try seeing

14:46:18 Vexual: who ate my sushi?

14:46:59 Vexual: i havent seen a human for a month

14:47:28 ThickAsThieves: are any of these altcoin exchanges from someone trustworthy?

14:47:34 Vexual: anyone got an ameail for belushi?

14:47:54 ThickAsThieves: ;;google belushi email address

14:47:55 gribble: The Jim Belushi Website: http://www.jimbelushi.ws/; Jim Belushi (JimBelushi) on Twitter: https://twitter.com/JimBelushi; Windy City Native Jim Belushi's Newest Role: Chicago Bears Fan In ...: http://www.thepostgame.com/features/201309/windy-city-native-jim-belushis-newest-role-chicago-bears-fan

14:49:04 Vexual: you need an atc btc exchange

14:49:49 kakobrekla: i had one coded

14:49:50 ThickAsThieves: yes, but i feel dirty telling people to go to these sites

14:49:51 Vexual: cant call it the altcoin zand hope for cryptsy

14:49:56 kakobrekla: if onle i could find sauce

14:50:37 ThickAsThieves: let's get listed on mcxnow so everyone can get robbed! no thanks

14:53:45 wao-ender: :D

14:56:19 assbot: [HAVELOCK] [AM1] 10 @ 0.51603 = 5.1603 BTC [-] {9}

14:58:21 assbot: [HAVELOCK] [B.MINE] 2 @ 0.0705 = 0.141 BTC [+] {2}

14:58:34 Vexual: theyre taken the salami

14:59:20 ThickAsThieves: everywhere they go

15:00:23 assbot: [HAVELOCK] [AM1] 2 @ 0.516 = 1.032 BTC [-]

15:00:24 Vexual: im devestated

15:01:06 herbijudlestoids: lost yer beer again?

15:01:40 Vexual: noome ghost hoas been in my fridge and just left the cheeze

15:02:08 mircea_popescu: <ThickAsThieves> yes, but i feel dirty telling people to go to these sites << this is a problem.

15:02:13 mircea_popescu: tho, let them learn to otc.

15:02:18 Vexual: its nit even an internet fridge

15:02:23 mircea_popescu: not like everyone has to have alt nao.

15:04:57 ThickAsThieves: ;;gettrust Apocalyptc

15:04:58 gribble: WARNING: Currently not authenticated. Trust relationship from user ThickAsThieves to user Apocalyptc: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=ThickAsThieves&dest=Apocalyptc | WoT data: http://b-otc.com/vrd?nick=Apocalyptc | Rated since: never

15:05:21 ThickAsThieves: ;;gettrust Apocalyptic

15:05:22 gribble: Currently authenticated from hostmask Apocalyptic!~Apocalypt@unaffiliated/apocalyptic. Trust relationship from user ThickAsThieves to user Apocalyptic: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=ThickAsThieves&dest=Apocalyptic | WoT data: http://b-otc.com/vrd?nick=Apocalyptic | Rated since: Mon Jul 15 09:32:50 2013

15:09:32 assbot: [HAVELOCK] [B.MINE] 4 @ 0.07225 = 0.289 BTC [+] {2}

15:11:34 assbot: [HAVELOCK] [B.MINE] 2 @ 0.073 = 0.146 BTC [+]

15:13:36 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

15:14:37 assbot: [MPEX] [S.NSA] 5000 @ 0.000107 = 0.535 BTC [-]

15:20:43 assbot: [MPEX] [S.NSA] 5000 @ 0.000107 = 0.535 BTC [-]

15:26:49 assbot: [HAVELOCK] [B.SELL] 10 @ 0.131 = 1.31 BTC [+] {3}

15:27:51 assbot: [HAVELOCK] [B.EXCH] 3 @ 0.19376446 = 0.5813 BTC [+]

15:28:51 assbot: [HAVELOCK] [B.SELL] 1 @ 0.131 BTC [+]

15:29:52 assbot: [HAVELOCK] [B.SELL] 2 @ 0.13 = 0.26 BTC [-]

15:29:53 assbot: [HAVELOCK] [B.MINE] 3 @ 0.06700001 = 0.201 BTC [-]

15:38:00 assbot: [HAVELOCK] [B.SELL] 1 @ 0.131 BTC [+]

15:41:03 assbot: [HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC

15:56:53 mircea_popescu: http://fraudsters.com/2014/on-periphery-and-the-peripheral-ephemerides-are-also-mentioned/

15:56:57 ozbot: On periphery and the peripheral. Ephemerides are also mentioned. pe fraudsters - Un blog de Mircea Pope

15:57:02 mircea_popescu: pretty much the earlier log, with ample commentary

15:57:08 mircea_popescu: herbijudlestoids gets it pretty bad :D

16:02:50 kakobrekla: give him some time, he is new

16:03:04 Duffer1: It’s just that you’re new here and haven’t gone through the training process.vi

16:03:13 Duffer1: >.<

16:03:26 Duffer1: better to learn before than after

16:03:57 kakobrekla: ah right, i commented just the comments havent read through

16:04:49 Duffer1: oh i was referring to the training process footnote hehe

16:10:32 assbot: [HAVELOCK] [AM1] 3 @ 0.51503333 = 1.5451 BTC [-] {3}

16:10:55 FabianB: ;;bc,stats

16:10:58 gribble: Current Blocks: 284821 | Current Difficulty: 2.6214044530646152E9 | Next Difficulty At Block: 286271 | Next Difficulty In: 1450 blocks | Next Difficulty In About: 1 week, 1 day, 3 hours, 30 minutes, and 20 seconds | Next Difficulty Estimate: 3056142038.47 | Estimated Percent Change: 16.58415

16:11:33 assbot: [HAVELOCK] [AM1] 1 @ 0.51000121 BTC [-]

16:14:36 assbot: [MPEX] [FT] [X.IDIFF.MAR] 60 @ 0.0030425 = 0.1826 BTC [-] {4}

16:15:26 herbijudlestoids: mircea_popescu: if that's me "getting it bad" then im happy to get it so, i prefer the discussion, or at the very minimum to be able to hear and consider new viewpoints

16:21:40 Duffer1: read footnote xiii

16:21:55 Duffer1: i would call that getting it bad

16:22:32 herbijudlestoids: lol im craig wood now?

16:22:34 herbijudlestoids: who is craig wood?

16:22:45 Duffer1: ciphermine/ciphertrade "ceo"

16:23:07 Duffer1: MtF trans

16:23:11 herbijudlestoids: ok...so whats that to do with me?

16:23:32 herbijudlestoids: that bit of the conversation was with ThickAsThieves?

16:23:36 Duffer1: oh i didn't mean to imply it did

16:23:52 Duffer1: just an example of someone that "got it bad"

16:24:31 Duffer1: does that make sense?

16:24:46 assbot: [HAVELOCK] [SFI] 249 @ 0.00086877 = 0.2163 BTC [+] {6}

16:26:02 herbijudlestoids: hehe i guess so. i feel like im getting what i want out of conversations (mostly) on this chan, so happy for it to be blogged or whatever

16:26:30 Duffer1: hang around. learn much. wow

16:26:48 assbot: [MPEX] [S.MPOE] 35400 @ 0.00085468 = 30.2557 BTC [-]

16:27:31 herbijudlestoids: Duffer1: i keep in contact with my ex boss...showed him some of the logs from this chan, he said and i quote "sounds like youve finally found some people who can keep you occupied"

16:27:53 Diablo-D3: oh snap, you got told

16:27:53 Duffer1: hehe

16:28:50 assbot: [HAVELOCK] [B.MINE] 3 @ 0.07033333 = 0.211 BTC [+] {2}

16:28:51 mircea_popescu: herbijudlestoids that's what sane people say.

16:29:17 herbijudlestoids: Diablo-D3: did i? lol i was in the conversation, was there a facet of me getting told that i missed

16:29:49 Diablo-D3: herbijudlestoids: you got told. pretty sure.

16:29:56 herbijudlestoids: haha ok, maybe i missed something

16:30:51 mircea_popescu: anyway. i love you all!

16:30:59 Diablo-D3: no you dont

16:31:44 kakobrekla: and you still want mp to take lsd

16:31:54 herbijudlestoids: the message i took away was that theres no real reason to change from the existing WoT, which i assumed wasnt distributed, because ThickAsThieves said he wanted a more distributedy WoT

16:32:23 herbijudlestoids: kakobrekla: well itd certainly make conversations about why people might try it a little easier

16:32:49 mircea_popescu: lol

16:33:23 herbijudlestoids: but no i dont necessarily want him to try it, i dont have some kind of dogma where everyone should try drugs or whatever

16:34:32 asciilifeform: did someone actually explain how one might build a working 'distributed wot' or merely insisted that it must be done?

16:34:55 herbijudlestoids: yea, i was proposing some things before mircea_popescu showed up, his log only starts from there

16:35:04 herbijudlestoids: nothing especially genius

16:35:11 Diablo-D3: asciilifeform: the easy way is to just use pgp ;)

16:35:45 herbijudlestoids: asciilifeform: but it sounds like the existing WoT is already distributable

16:36:07 Diablo-D3: wotcoin

16:36:08 Diablo-D3: lulz

16:36:35 asciilifeform: distributable != distributed

16:37:12 mircea_popescu: asciilifeform it's not a trivial problem, a distributed wot.

16:37:27 Diablo-D3: actually, it kind of is a trivial problem

16:37:32 Diablo-D3: you're just stating the problem wrong

16:37:39 mircea_popescu: a trusted wot so far wins on practical grounds. not that i think it's a bad idea a proper distributed implementation should be made

16:37:45 asciilifeform: mircea_popescu: certainly not. which is why i was somewhat surprised to hear of it

16:37:47 mircea_popescu: in fact afaik that's what nanotube's been working on

16:38:23 mircea_popescu: the only thing is... it has to be done well, as opposed to just done so someone can go to conferences herpderping about 3d printed wots

16:39:41 asciilifeform: the 'trivial solution' would be, somewhat obviously: everybody pgp-signs all wot ops, and people simply mirror the results

16:39:51 mircea_popescu: cybil

16:39:54 asciilifeform: (anyone can download the history and re-tally the scores.)

16:40:16 asciilifeform: the wot as we have it now is perfectly sybil-able

16:40:39 asciilifeform: hence the precaution, explained to all newcomers, of ignoring absolute scores and looking at the 'who'

16:40:53 herbijudlestoids: asciilifeform: from what i understand the existing each "centralised" WoT can talk to other WoTs, and assign trust to them http://log.bitcoin-assets.com/?date=08-02-2014#490339

16:41:02 assbot: [MPEX] [S.MPOE] 1598 @ 0.00085468 = 1.3658 BTC [-]

16:41:06 mircea_popescu: yes, but, sy1's rating of sy2 does not carry my signature

16:41:14 mircea_popescu: and i wouldn't want to pgp sign it either

16:42:14 mircea_popescu: herbijudlestoids well, technically, they'd have to talk to it, but yes.

16:42:54 herbijudlestoids: they? it?

16:43:07 mircea_popescu: they = other wots ; it = this wot.

16:43:20 herbijudlestoids: yea, yep

16:43:27 herbijudlestoids: thats the way im visualising it in my head now

16:43:33 herbijudlestoids: multiple connected "small worlds"

16:43:40 mircea_popescu: sounds like a winner, really.

16:43:44 herbijudlestoids: ^

16:43:55 herbijudlestoids: from what you said earlier, i assumed its possible already without any additoinal code

16:43:57 mircea_popescu: much better to have decentralised city-states run by one man

16:43:59 herbijudlestoids: did i misunderstand?

16:44:09 mircea_popescu: than to have either world empire run by one man or world bureaucracy

16:44:26 mircea_popescu: herbijudlestoids well, the aditional code would be they need to talk to gribble.

16:44:30 mircea_popescu: the code is already written tho.

16:45:06 assbot: [HAVELOCK] [B.SELL] 1 @ 0.12660001 BTC [-]

16:45:07 herbijudlestoids: right...so yea...

16:45:30 mircea_popescu: yeah.

16:45:42 mircea_popescu: it's fargo two and they'll shoot it all in la...

16:46:50 herbijudlestoids: asciilifeform: so, yea? yea.

16:47:08 assbot: [HAVELOCK] [B.SELL] 1 @ 0.12500001 BTC [-]

16:47:35 herbijudlestoids: so gribble is officially the -otc bot right, not the -assets bot?

16:47:48 mircea_popescu: assbot is the assets bot run by kakobrekla.

16:47:59 mircea_popescu: gribble is the bitcoin bot, run by nanotube, who's been kind enough to add it here.

16:48:10 mircea_popescu: ozbot i think is scrat's ? or who run that ?

16:48:22 mircea_popescu: and mpexbot is run by smickles

16:48:42 assbot: dude, i run kakobrekla.

16:48:48 mircea_popescu: that too.

16:49:01 herbijudlestoids: but only gribble is the arbiter for WoT right? like gribble connects to same backend as -otc website?

16:49:08 mircea_popescu: yes.

16:49:42 mircea_popescu: it's a good interface because freenode is ddos resistent

16:49:59 mircea_popescu: and irc bots are really not that hard to talk to

16:50:34 ThickAsThieves: jezzz runs ozbot

16:50:34 herbijudlestoids: so lets say i want to run ozWoT, for cool oz kids like myself, and i clone the code off github (or wherever it lives) and setup my own gribblesque bot, users talking to my bot should be able to rate users through gribble and vice versa

16:50:52 mircea_popescu: vice versa i doubt

16:51:06 mircea_popescu: but i guess if you keep cloning the wot you may display more or less in sync results independently

16:51:12 assbot: [MPEX] [S.MPOE] 22500 @ 0.0008553 = 19.2443 BTC [+]

16:51:13 herbijudlestoids: so all the extra bots are periphery

16:51:20 mircea_popescu: course it's... "independently"

16:52:31 herbijudlestoids: so if the -otc WoT goes down, then users of my WoT can still rate other users in the same web, and interrogate the local cache of the -otc WoT, but they cant push ratings around the graph (outside the local WoT)

16:52:45 mircea_popescu: herbijudlestoids gribble will see an "ozwot" guy, and that "ozwot" guy will be rating people in wot

16:53:07 mircea_popescu: and wot users who actually wish to rate people in ozwot would talk to ozbot

16:53:08 herbijudlestoids: right right, ok so gribble can at best assign trust to the ozwot guy rather than individuals within

16:53:22 mircea_popescu: it wouldn't particularly assign trust to the gateway

16:53:37 mircea_popescu: no reason you want that, really, i know it's a gateway, woting it is meaningless.

16:53:45 mircea_popescu: (look at gribble's own rating, or

16:53:46 herbijudlestoids: right

16:53:47 mircea_popescu: ;;gettrust paypal

16:53:48 gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user paypal: Level 1: 0, Level 2: -2 via 4 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=paypal | WoT data: http://b-otc.com/vrd?nick=paypal | Rated since: Sat Aug 25 19:56:10 2012

16:54:29 mircea_popescu: then once enough people actually want to rate someone in ozwot they'll keep bitching at nanotube who will eventually add a back flow.

16:54:29 herbijudlestoids: so users of ozwot can query both local and -otc wot members (and any others in the list i guess), but gribble users have to query two WoTs to get the same coverage

16:54:37 mircea_popescu: or else he won't, and if the people hate it enough wot will die out

16:54:39 mircea_popescu: all natural.

16:54:51 herbijudlestoids: yea, seems ok to me...

16:55:08 mircea_popescu: the only drawback is that it's not instantaneous, which makes it "unrevolutionary"

16:55:12 mircea_popescu: which in turn makes it great.

16:55:16 herbijudlestoids: i mean as a method of distributing the WoT

16:55:21 mircea_popescu: myeah.

16:56:43 herbijudlestoids: i downloaded a chinese gangster movie but it has no subtitles :(

16:57:00 ThickAsThieves: pop in The Wall?

16:57:09 herbijudlestoids: i dont know cantonese or mandarin either :(

16:58:21 Duffer1: lol TaT

16:58:23 herbijudlestoids: mircea_popescu: hmmm though ok... "ozwot guy" cant rate users through gribble unless it has a rating...

16:58:44 ThickAsThieves: as far as the wot distribution problem, i think i have an idea, outside services that integrate with it

16:58:56 ThickAsThieves: like, a social media site

16:59:01 ThickAsThieves: wotbook

16:59:02 ThickAsThieves: or such

16:59:19 ThickAsThieves: some way to get interfaces and easy use

16:59:20 assbot: [HAVELOCK] [B.MINE] [PAID] 0.93429002 BTC to 974 shares, 95923 satoshi per share

16:59:45 herbijudlestoids: ThickAsThieves: so hax elgg to query gribble

16:59:50 herbijudlestoids: and then host that elgg

17:00:00 ThickAsThieves: asking the wrong guy

17:00:39 herbijudlestoids: shit 4am

17:01:54 ThickAsThieves: people would probably eat up a wotbook right now, could even kill bitcointalk

17:02:09 ThickAsThieves: cuz community and being a part of something

17:03:38 Duffer1: that's quite an interesting idea

17:04:26 herbijudlestoids: the problem is do people in the wot want to "socialise"

17:05:18 ThickAsThieves: no

17:05:20 herbijudlestoids: like if i bought some BTC off you one time and rated you, now youre in my wotbook feed?

17:05:24 ThickAsThieves: thats not the problem at all

17:05:26 assbot: [MPEX] [S.MPOE] 1900 @ 0.0008553 = 1.6251 BTC [+]

17:05:29 ThickAsThieves: so opposite

17:05:51 ThickAsThieves: this isnt about trying to get people who already use wot to use wot

17:06:11 herbijudlestoids: right now the WoT is based on business transactions, youre proposing something where people just build a social graph

17:06:51 ThickAsThieves: well, a reputation ledger

17:07:00 ThickAsThieves: an identity

17:07:01 herbijudlestoids: so, not wotbook then

17:07:18 ThickAsThieves: well depends which part of the idea you mean

17:07:24 herbijudlestoids: the existing WoT is a reputation ledger.

17:07:27 ThickAsThieves: wotbook was to help distibution

17:07:48 mircea_popescu: herbijudlestoids yes but all it needs is a 1

17:08:13 herbijudlestoids: it?

17:08:30 mircea_popescu: ThickAsThieves the drivers of btctalk are scamming and derping.

17:09:08 mircea_popescu: herbijudlestoids dude you highlighted me first!

17:09:24 herbijudlestoids: mircea_popescu: ah right, yep

17:09:28 mircea_popescu: yeah.

17:09:30 assbot: [HAVELOCK] [NEOBEE] 48 @ 0.003081 = 0.1479 BTC [+]

17:09:44 mircea_popescu: #bitcoin-fargochannel

17:09:56 herbijudlestoids: ThickAsThieves: what im trying to say is, if the reputation ledge is built on the back of wotbook then its just a social graph.

17:10:11 herbijudlestoids: i vote my mate joe up because hes my mate joe!

17:10:15 mircea_popescu: herbijudlestoids you read mpoe-pr's post re wot and how to use it ?

17:10:26 herbijudlestoids: not because joe delivered 100 BTC to me successfully

17:10:37 mircea_popescu: sounds like btctalk alright.

17:10:38 herbijudlestoids: mircea_popescu: nope havent...i got a WoT account and messed with gribble on it already

17:11:02 ThickAsThieves: i vote my mate joe up because hes my mate joe! --- this person will get rep with people that value that

17:11:47 herbijudlestoids: ThickAsThieves: i think the reputation ledger has value specifically because its business transactions

17:11:48 ThickAsThieves: you cant start discerning between which ratings are meaningful or not yourself, thats the whole point of the damn system

17:11:56 mircea_popescu: https://bitcointalk.org/index.php?topic=110861.msg1227871#msg1227871

17:11:58 mircea_popescu: there you go.

17:11:59 ozbot: Reputation system?

17:12:32 ThickAsThieves: solve the problems independently, as in

17:12:33 assbot: [HAVELOCK] [AM1] 4 @ 0.52995492 = 2.1198 BTC [+] {3}

17:12:47 ThickAsThieves: okay you wanna discern business trust from social trust?

17:12:54 ThickAsThieves: let people categorize

17:12:56 herbijudlestoids: just got this sms: NOTICE: your mobile no. has been singled out for a claim of 800,00GBP from Android Mobile UK contact us on androiduk@live.co.uk for more

17:13:16 herbijudlestoids: im gonna be rich, so long suckers!

17:13:33 mircea_popescu: cya

17:13:59 Duffer1: isn't @live the microsoft system?

17:14:09 Duffer1: xbox etc..

17:14:29 mircea_popescu: nm that.

17:15:02 herbijudlestoids: lel

17:15:25 herbijudlestoids: Duffer1: also i live in australia and dont own an android mobile?

17:15:39 Duffer1: sounds legit

17:15:39 mircea_popescu: australia is part of the uk no ?

17:15:44 herbijudlestoids: har

17:15:54 mircea_popescu: you got the queen and everything dontcha ?

17:15:59 herbijudlestoids: yea

17:16:01 mircea_popescu: so then.

17:16:03 herbijudlestoids: we still a commonwealth

17:16:11 mircea_popescu: that;s what they told you.

17:16:17 mircea_popescu: you're living in a dictatorship

17:16:29 herbijudlestoids: dont take it literally, its just what they call it

17:16:46 ThickAsThieves: https://nobs.is i made an account for the hell of it

17:16:48 ozbot: NOBS - Cryptocurrency Social Network - The Global Village

17:16:49 mircea_popescu: a self-perpetuating autocracy in which the working classes

17:16:51 ThickAsThieves: waiting for admin approval

17:16:53 herbijudlestoids: like Great Britain..is it really so great?

17:17:21 ThickAsThieves: only working site i found claiming to be social network for crypto

17:17:24 ThickAsThieves: whatever that means

17:17:38 mircea_popescu: dear channel, allow me to recount my sad story.

17:18:08 mircea_popescu: it is a story of hope, blogging and unbridled enthusiasm, in which I, a crookeyed optimist, tried to use my five year old heavily modified wordpress installation to post things.

17:18:27 mircea_popescu: part and parcel of this being showing the people tits. until one day!

17:18:51 mircea_popescu: for one day, when i went to add a new pair of tits, the "insert image" button simply redirected me to a random page of my blog

17:19:09 mircea_popescu: instead of taking me back to the publishing box with the pre-prepared html code referencing the image

17:19:12 mircea_popescu: and i was mighty sad

17:19:13 mircea_popescu: and i cursed

17:19:15 mircea_popescu: and swore

17:19:32 mircea_popescu: and made the poor unfortunate junior dev read my entire installantion, in spite of it not having been modified, to find wtf

17:19:39 mircea_popescu: and then made a junior sysadmin look through the logs

17:19:46 mircea_popescu: and they found nothing and i was livid with fury

17:19:50 mircea_popescu: and i broke a keyboard into pieces

17:20:06 mircea_popescu: because motherfucking god almighty if it works today and it doesn't work tomorrow i wish the world entire to burn.

17:20:17 mircea_popescu: and so they wrote me a thing to go around it.

17:20:28 mircea_popescu: a month later, i couldn't connect to my blog. like at all.

17:20:34 mircea_popescu: and i was in the middle of the posting.

17:20:38 mircea_popescu: which made me furious.

17:20:46 mircea_popescu: but then people were wtf are you about, i see it

17:21:00 mircea_popescu: and lo and behold! for i saw with mine owne eyes downforeveryone saying lelz at me

17:21:22 mircea_popescu: so then i screamed obscenities in a lengthy single breath of fifty eight minutes

17:21:39 mircea_popescu: and eventually we discovere dthe newly installed mod_security comes with rules now.

17:21:50 mircea_popescu: which rules block fucking wordpress from injecting itself with itself

17:21:53 mircea_popescu: which is how it works

17:21:55 mircea_popescu: also joomla

17:21:58 mircea_popescu: because security

17:22:05 mircea_popescu: and because updates

17:22:12 mircea_popescu: and because damn it all to hell WHAT IS THIS!

17:22:24 mircea_popescu: ~ fin ~

17:22:31 herbijudlestoids: lelel

17:23:19 ThickAsThieves: so do you still use wordpress?

17:23:23 mircea_popescu: yes.

17:23:28 assbot: Last 60 lines bashed and pending review. (http://dpaste.com/1593008/plain/)

17:23:28 kakobrekla: !b 60

17:23:31 mircea_popescu: lol

17:23:34 ThickAsThieves: kako you beat me!

17:23:55 mircea_popescu: kakobrekla you of course missed all the /me stuff, which is half the value here.

17:23:58 Duffer1: that was a pretty good bit

17:24:05 mircea_popescu: Duffer1 i made it up!

17:24:14 kakobrekla: yeah ill fix dat

17:24:14 herbijudlestoids: its like teh biblez

17:24:18 Duffer1: the /me stuff really brought it home

17:24:32 kakobrekla: sathaph alrady

17:25:04 herbijudlestoids: this channel is as bad for my sleep habits as GTA5 was

17:25:14 herbijudlestoids: even vex has gone to bed

17:26:13 mircea_popescu: yes but vex drinks

17:26:13 herbijudlestoids: yea alright, this is it. goodnight gentlemenz and womanz

17:26:19 mircea_popescu: if you had that experience you'd sleep better.

17:27:48 assbot: [MPEX] [S.MPOE] 1230 @ 0.00085771 = 1.055 BTC [+]

17:27:50 pankkake: "I think this coin really needs an official exchange rate"

17:28:23 mircea_popescu: say "no because unlike the others this is decentralised"

17:29:42 BingoBoingo: Apparently after I bought Altcoins at 150, the next buyer went at 180. Looks like Altcoin is growing up into a real, bubbly Altcoin.

17:30:23 mircea_popescu: wait so i could sell for a profeet ?

17:30:23 ThickAsThieves: nobody likes a skinny Santa

17:30:32 pankkake: I hope so, I mined it to become rich

17:30:55 mircea_popescu: i didn't mine it but i bought some to be cool

17:30:58 BingoBoingo: mircea_popescu: Prolly. So far the big liquidity providers are all selling though.

17:31:02 mircea_popescu: also to stick it to ThickAsThieves who doesn't have any

17:31:39 mircea_popescu: ThickAsThieves you wish you took max keiser's advice and bought it when it was 80 don't you now!

17:31:41 BingoBoingo: If the Dogers push it past 1000 satoshis per I might part with my 31337

17:31:50 ThickAsThieves: no one will sell to me

17:31:51 mircea_popescu: BingoBoingo weren't they freefalling from 200 ?

17:31:53 ThickAsThieves: even before you

17:32:14 kakobrekla: where are you pulling these numbers from

17:32:20 mircea_popescu: ThickAsThieves maybe if you put a shoe on head ?

17:32:28 ThickAsThieves: maybe

17:32:29 mircea_popescu: kakobrekla i have a rng.

17:32:30 BingoBoingo: mircea_popescu: Doge seems to be. If they can get the joke though the Doge users might start pumping Altcoin though.

17:33:00 mircea_popescu: BingoBoingo i always thought what ThickAsThieves was trying to accomplish with those coelho quotes is make it sound esl enough for the doge crowd.

17:33:08 kakobrekla: doesnt seem so random to me!

17:33:16 mircea_popescu: lies

17:33:17 mircea_popescu: and slander.

17:33:22 kakobrekla: fu

17:33:39 mircea_popescu: eh go make an ice cube

17:33:46 mircea_popescu: slovenia's new export industry.

17:34:00 kakobrekla: i dont need to make those, they come out when i turn on the shower

17:34:06 mircea_popescu: lol

17:34:11 BingoBoingo: mircea_popescu: So do I. Dogers are probably waiting for some sort of exchange-ish thing because grepping WoT and OTC is hard for them, because reading

17:34:31 mircea_popescu: wait, all slovene women had to wash in cold water after sex these past weeks ?

17:34:39 mircea_popescu: the whole... what was it, 19 of them ?

17:34:55 assbot: [HAVELOCK] [CBTC] 19913 @ 0.0001465 = 2.9173 BTC [+] {11}

17:35:08 kakobrekla: yes, 18 now after recount

17:35:22 mircea_popescu: speaking of which, wouldn't it be cool to live in one of these so called countries in europe or w/e ? when they have like 50 women total

17:35:28 ThickAsThieves: one was named Kate?

17:35:35 mircea_popescu: and you don't need to ask anyone her phone number, cause they give them consecutive numbers

17:35:43 mircea_popescu: so you just bruteforce it, dial girl01-girl50

17:35:45 mircea_popescu: till you find her.

17:36:42 mircea_popescu: ok ppl stop dialing girlxxx

17:36:46 mircea_popescu: it was a joke ok ?

17:37:14 mircea_popescu: jesus what if it works for srs.

17:37:15 mircea_popescu: brb

17:37:43 KRS-One: http://pastebin.com/BULn0xg5

17:37:44 ozbot: <xabbix> MagicalTux the only viable option for you guys to keep customers after - Pastebin.com

17:38:09 kakobrekla: shit free view : http://pastebin.com/BULn0xg5

17:38:24 kakobrekla: hm

17:38:37 mircea_popescu: http://pastebin.com/raw.php?i=BULn0xg5

17:38:38 kakobrekla: dafuq

17:38:38 mircea_popescu: noobs.

17:38:59 assbot: [HAVELOCK] [RENT] 91 @ 0.0055 = 0.5005 BTC

17:39:02 kakobrekla: something is not right

17:39:29 kakobrekla: dunno whaves nvm

17:39:34 kakobrekla: nsa prolly

17:41:09 mircea_popescu: self ownage more like it amirite

17:41:28 kakobrekla: whats with you picking on the little people

17:42:01 mircea_popescu: shit

17:42:19 mircea_popescu: you weren't supposed to notice that

17:42:23 mircea_popescu: i was wearing the juice!

17:42:44 mircea_popescu: (ref : http://www.omg-facts.com/Interesting/A-Man-Robbed-A-Bank-Wearing-Only-Lemon-J/54879 )

17:42:52 BingoBoingo: Is this the real vexual? http://www.slate.com/blogs/the_slatest/2014/02/08/sage_kotsenburg_wins_slopestyle_gold_medal_with_1620_japan_jump.html

17:46:07 mircea_popescu: lol good for him

17:48:03 mircea_popescu: 05:07:57 punkman1: Scuola di Assets http://upload.wikimedia.org/wikipedia/commons/9/94/Sanzio_01.jpg << yay this.

17:48:35 mircea_popescu: one of the better paintings of the renaissance. all those people going "and what is THIS supposed to be then!"

17:56:12 mircea_popescu: herbijudlestoids:now obviously small fry 100GH/s is nothing but i thought it was interesting << no, it's not interesting. the reason is the problem of herding cats.

17:56:27 mircea_popescu: specifically, a farm made out of 5000 individual computers all different would cost more to run than to burn down

17:56:56 mircea_popescu: just so with a patchwork of miners, god help you if you imagine you can buy random odds and ends off ebay at a nominal profit

17:57:06 mircea_popescu: you'll never be able to squeeze it out operationally.

17:58:18 assbot: [HAVELOCK] [DEALCO] 200 @ 0.00469 = 0.938 BTC [-]

17:58:23 mircea_popescu: benkay: baby doll doesn't even care terribly, and boy does she put out when she gets jealous << now you gotta photodocument this.

17:59:19 assbot: [HAVELOCK] [KCIM] [PAID] 2.17250000 BTC to 86`900 shares, 2500 satoshi per share

18:01:56 mircea_popescu: herbijudlestoids: like the charts you can see on mpex.co already, i just dont think theyre portraying useful info << me either. what's one to do, no pics at all ?!

18:04:24 assbot: [HAVELOCK] [B.SELL] 3 @ 0.127 = 0.381 BTC [+] {3}

18:05:14 mircea_popescu: herbijudlestoids: 20% was the lowest ROC i found << unless you normalized to some absurd time interval (month ?) 20% is not the lowest.

18:05:28 mircea_popescu: the natural time interval for btc is "two weeks" aka 2096 blocks. and there have been eve ndrops.

18:05:53 mircea_popescu: there was also a 400% and some 3xxish%

18:09:29 assbot: [HAVELOCK] [DEALCO] 52 @ 0.00469 = 0.2439 BTC [-]

18:16:36 assbot: [HAVELOCK] [RENT] 35 @ 0.0055 = 0.1925 BTC

18:23:43 assbot: [HAVELOCK] [RENT] 60 @ 0.0055 = 0.33 BTC

18:30:50 assbot: [HAVELOCK] [B.MINE] 2 @ 0.0705 = 0.141 BTC [-] {2}

18:31:51 assbot: [HAVELOCK] [B.MINE] 6 @ 0.07198332 = 0.4319 BTC [+] {2}

18:32:52 assbot: [HAVELOCK] [B.MINE] 6 @ 0.07199999 = 0.432 BTC [+] {2}

18:34:54 assbot: [HAVELOCK] [B.SELL] 2 @ 0.125 = 0.25 BTC [-] {2}

18:35:55 assbot: [HAVELOCK] [B.MINE] 4 @ 0.07275 = 0.291 BTC [+] {2}

18:43:42 mod6: ;;view

18:43:44 gribble: #19517 Fri Feb 7 20:10:59 2014 mod6 BUY 100000.0 ATC @ 1.5e-06 BTC (Want to buy 100,000 ATC for a total of 0.15 BTC, must have WoT rating. PM me.)

18:43:55 mod6: hit me up if you want to do a trade for a smaller amt too.

18:44:08 mod6: we can make a deal.

18:49:09 assbot: [HAVELOCK] [COG] 5 @ 0.04899998 = 0.245 BTC [+] {3}

18:50:09 assbot: [HAVELOCK] [CBTC] 2973 @ 0.00014516 = 0.4316 BTC [-] {4}

18:53:18 jurov: http://lifeboat.com/images/optics.clothing.jpg should come with remote

18:54:13 assbot: [HAVELOCK] [RENT] 24 @ 0.0055 = 0.132 BTC

18:55:38 benkay: good morning

18:55:47 kakobrekla: hi

18:56:38 jurov: hi

19:00:19 assbot: [HAVELOCK] [B.EXCH] 2 @ 0.19376446 = 0.3875 BTC [+]

19:04:23 assbot: [HAVELOCK] [B.EXCH] 3 @ 0.19376446 = 0.5813 BTC [+]

19:17:36 assbot: [HAVELOCK] [NEOBEE] 198 @ 0.003081 = 0.61 BTC [-]

19:18:38 assbot: [MPEX] [S.MPOE] 13201 @ 0.00085708 = 11.3143 BTC [-] {2}

19:26:40 deadweasel: http://www.youtube.com/watch?v=ZigyrD23rQk

19:26:41 ozbot: Toddlers boxing match gets nasty - YouTube

19:26:51 deadweasel: need to bring this back, asap,, for the children

19:31:44 mircea_popescu: o ty.

19:34:53 assbot: [HAVELOCK] [PETA] 5 @ 0.04897964 = 0.2449 BTC [+]

19:39:58 assbot: [HAVELOCK] [NEOBEE] 44 @ 0.0030825 = 0.1356 BTC [+]

19:55:13 assbot: [HAVELOCK] [AM1] 7 @ 0.52999999 = 3.71 BTC [+] {5}

19:56:14 assbot: [HAVELOCK] [AM100] 71 @ 0.00531689 = 0.3775 BTC [+] {10}

19:58:16 assbot: [HAVELOCK] [HIF] 498 @ 0.000463 = 0.2306 BTC [+]

19:59:17 assbot: [HAVELOCK] [NEOBEE] 36 @ 0.0030825 = 0.111 BTC [+]

19:59:19 assbot: [MPEX] [S.MPOE] 17250 @ 0.00085771 = 14.7955 BTC [+]

20:02:20 assbot: [HAVELOCK] [B.SELL] 7 @ 0.125 = 0.875 BTC [-]

20:35:05 benkay: you know what's hilarious? biking on six inches of snow is hilarious.

20:48:05 assbot: [HAVELOCK] [B.EXCH] 19 @ 0.19376446 = 3.6815 BTC [+]

20:48:06 assbot: [HAVELOCK] [B.SELL] 1 @ 0.121 BTC [-]

20:49:06 assbot: [HAVELOCK] [B.MINE] 3 @ 0.06890001 = 0.2067 BTC [-]

20:51:08 assbot: [HAVELOCK] [B.MINE] 10 @ 0.07235 = 0.7235 BTC [+] {4}

20:56:10 mircea_popescu: http://25.media.tumblr.com/d82a6d16505851e5f4d7be3d2a2320e2/tumblr_mf20j4hXVT1rfc12eo1_400.gif << this could be the bitcoin-assets mascot.

20:58:54 nubbins`: ;;bc,xag

20:58:54 gribble: 1 XAG = 20.020000000000 USD = 0.0300555472151 BTC

20:59:02 nubbins`: ;;bc,xau

20:59:03 gribble: 1 XAU = 1268.100000000000 USD = 1.90376820297 BTC

20:59:52 FabianB: ;;ticker --market all

21:00:17 gribble: MtGox BTCUSD last: 675.99997, vol: 20519.85822884 | Bitstamp BTCUSD last: 709.98, vol: 10021.29115479 | BTC-E BTCUSD last: 711.0, vol: 9863.89301 | Bitfinex BTCUSD last: 708.5, vol: 6743.9665196 | CampBX BTCUSD last: 726.0, vol: 0 | BTCChina BTCUSD last: 750.797945, vol: 6516.39000000 | Volume-weighted last average: 701.945034121

21:00:30 benkay: coins on sale, coins on sale

21:00:41 mircea_popescu: actually it went up a lot

21:00:44 mircea_popescu: wasn't it 500ish ?

21:01:12 benkay: no idea, i don't watch the price

21:01:18 nubbins`: bitcoinity bottoms out around 660

21:01:23 benkay: my sample rate is like 1/week

21:01:28 mircea_popescu: ah ok

21:01:34 mircea_popescu: benkay im about the same way

21:01:43 nubbins`: yeah, same here, if that

21:01:53 nubbins`: there comes a point where it doesn't really matter what the price is

21:02:02 punkman1: chinese exchanges seem stuck around $750, http://btckan.com/price

21:02:20 mircea_popescu: punkman1 i still don't know which are at all trustable.

21:02:21 benkay: that'd be the difference between an investor and a trader.

21:02:31 nubbins`: benkay, nod

21:02:48 punkman1: mircea_popescu: we need some chinese dudes

21:02:52 nubbins`: actually

21:03:03 nubbins`: which of those two cares about the price?

21:03:05 mircea_popescu: punkman1 indeed.

21:03:45 mircea_popescu: or at least someone with a weird name.

21:03:54 benkay: i'm thinking sample frequency as indicator, nubbins`

21:04:07 nubbins`: a-ha.

21:04:11 nubbins`: yes, sure

21:04:31 FabianB: davout is the only one in this chan which kinda represents a fiat-btc exchange, no?

21:05:03 benkay: don't think there's much 'kinda' about davout's operation.

21:05:40 mircea_popescu: wasn't kakobrekla running that btcstamp or w/e, slovenian exchange ?

21:06:02 mircea_popescu: lol someone's watching the logs

21:06:40 mircea_popescu: FabianB you were fluent in mandarin iirc /

21:06:42 mircea_popescu: ?

21:06:46 jurov: interesting leak mircea...so nejc and the other dude are just white horses?

21:06:56 FabianB: benkay: with kinda i didn't mean the exchange itself, just dunno if ceo or whatever role

21:06:56 jurov: and kako rund bitstamp?

21:07:04 mircea_popescu: jurov shit i gave the jig away ?

21:07:11 davout: mircea_popescu: pure randomness

21:07:15 FabianB: mircea_popescu: no, i wish, i only know some basics

21:07:18 davout: where is your cardano now?

21:07:22 mircea_popescu: hahaha

21:07:25 pankkake: jurov: yes, thus his 500 BTC car

21:07:39 mircea_popescu: he also runs an icecube factory.

21:08:04 nubbins`: rng based on davout's joins/parts

21:08:20 nubbins`: you know, vexual would make a pretty good meat-based rng

21:08:45 mircea_popescu: just hash what he says ?

21:09:02 pankkake: what he says is made of hash

21:09:13 mircea_popescu: thus therefore, infinite entropy.

21:09:36 jurov: what if it's actually the other way around?

21:10:03 jurov: he's saving stuff in the logs

21:10:20 mircea_popescu: lol

21:10:30 nubbins`: ooh

21:10:41 nubbins`: this bears further consideration

21:11:28 assbot: [HAVELOCK] [CBTC] 5000 @ 0.00015499 = 0.775 BTC [+] {3}

21:11:33 mircea_popescu: https://31.media.tumblr.com/429db2a5ee3f5d7ad58a28df6aee0b96/tumblr_inline_n04mrqwJgg1rwpb4e.gif

21:11:39 mircea_popescu: nubbins off to further considerate.

21:12:02 Duffer1: ha

21:12:47 davout: jurov: https://twitter.com/Bitcoin_Central/status/403849351564652544

21:12:52 nubbins`: once in korea when hiking in the mountains i stumbled across a small park with 2.5m diameter hula hoops

21:13:06 nubbins`: made out of curved 3" pvc pipe

21:13:16 nubbins`: brutal on your abs, fun tho

21:13:48 nubbins`: not as fun as mixing metric and imperial units, but hey

21:13:50 mircea_popescu: davout you need better dice than that.

21:13:55 nubbins`: i'm a product of my upbringing

21:13:57 jurov: and now mircea's pics are suspect, too :D

21:14:04 mircea_popescu: just by looking at them i can tell you they're at least 0.1% off

21:14:34 nubbins`: yeah

21:14:41 nubbins`: sorry state of affairs, those pips

21:15:06 davout: mircea_popescu: no more robocop movies for you

21:15:11 jurov: wut? you roll them million times and derive a secret key from the differences from mean?

21:15:31 mircea_popescu: http://i.imgur.com/gRxnT6j.jpg <<< this, for the record, is an actual living creature.

21:15:36 mircea_popescu: they just look like that.

21:15:53 deadweasel: http://ponzi.io/

21:15:58 nubbins`: haha yeah!

21:15:59 davout: such antennas, wow

21:16:10 nubbins`: i saw those guys in an attenborough-narrated doc once

21:16:34 nubbins`: always looking happy can be a curse tho, look at dolphins

21:16:39 jurov: http://ponzi.io/ IPO upcoming

21:16:44 mircea_popescu: jurov there's a variety of available attacks if the rng is badly biased.

21:17:51 jurov: even better if it is provably fair

21:19:01 nubbins`: so the opening ceremonies were quite the spectacle

21:19:08 nubbins`: pretty heavy on the russian beat-off tho

21:19:11 mircea_popescu: who opened ?

21:19:19 nubbins`: olympics

21:19:22 mircea_popescu: o o that.

21:20:03 nubbins`: we drank and counted the number of families that were condemned to death by their relatives fucking up their parts in the ceremony

21:20:37 nubbins`: http://news.bbcimg.co.uk/media/images/72839000/jpg/_72839813_72839807.jpg

21:20:43 nubbins`: "the olympic rings"

21:21:04 jurov: you know the responsible dude was found dead already?

21:21:10 nubbins`: no, srs?

21:22:06 jurov: http://dailycurrant.com/2014/02/08/man-responsible-for-olympic-ring-mishap-found-dead-in-sochi/

21:22:19 nubbins`: parody news

21:22:58 jurov: oh my..i fell for it :/

21:23:04 nubbins`: currant vs current

21:23:05 nubbins`: :D

21:23:07 nubbins`: http://upload.wikimedia.org/wikipedia/commons/d/d2/Black_currant_fruit.jpg

21:23:17 nubbins`: it was easier when it was just the onion

21:23:45 nubbins`: team from bermuda (1 athlete, good for him!) wore red shorts for their uniform. outdoor stadium in russia in february.

21:23:49 nubbins`: there were no smiles

21:24:15 Duffer1: brilliant

21:24:25 nubbins`: i'm sure they thought so too when planning it

21:24:47 nubbins`: i'm picturing the canadian team showing up in snowsuits for the next summer olympics

21:25:42 assbot: [HAVELOCK] [AM100] 23 @ 0.00543011 = 0.1249 BTC [+] {4}

21:27:15 B007: mircea_popescu: Do you hold in BTC or Fiat money?

21:27:24 mircea_popescu: do i hold what.

21:27:28 B007: money

21:27:31 mircea_popescu: right.

21:27:57 B007: right?

21:27:59 B007: so....

21:28:04 nubbins`: HEH

21:28:15 mircea_popescu: therefore.

21:28:21 nubbins`: he asked just in case you wondered whether he held his cock in btc or fiat

21:28:48 B007: my cock? I don't hold my cock

21:28:55 B007: someone else does

21:29:27 mircea_popescu: and they thought surrealism was a 1920s thing. ha! i say.

21:29:46 assbot: [HAVELOCK] [B.MINE] 2 @ 0.073 = 0.146 BTC [+]

21:29:55 lewicki: it is, after all, hard to get it into your own mouth without some help.

21:29:58 nubbins`: all things are cyclical, some cycles take longer than others

21:30:04 nubbins`: lewicki, try yoga

21:31:03 B007: I think I just walked into an exclusive club

21:31:05 nubbins`: you know, i honestly wonder sometimes when people give me carte blanche for designing shirts for their band

21:31:07 B007: And I'm ugly

21:31:18 nubbins`: B007, it's irc, everyone is ugly

21:32:10 mircea_popescu: B007 it's not that exclusive, but you gotta ask questions that can be answered.

21:33:24 nubbins`: honestly, i'm waiting for the day when i show someone a concept and they just ask me what my fucking problem is before walking away

21:33:47 B007: I see some might consider what I asked to be stupid

21:33:47 nubbins`: mildly confused every time it doesn't happen

21:33:59 B007: but you can't buy much with BTC

21:34:03 mircea_popescu: no, it just didn't make any sense.

21:34:19 nubbins`: B007, what do you want to buy with btc that you can't?

21:34:35 Duffer1: you can buy a lambo with btc

21:34:54 B007: really?

21:35:06 B007: I wonder how the creater feels about all this

21:35:14 B007: the creater of Bitcoin I mean

21:35:18 Duffer1: it's money you can buy stuff with it

21:35:30 nubbins`: ^

21:35:58 B007: but is it safer than traditionally fiat?

21:36:18 B007: which doesn't flucuate as much

21:36:32 punkman1: eggs + 1 basket = tears

21:36:42 B007: true

21:38:50 B007: mircea_popescu: I think you have a bunch of 14 yr nude selfies now

21:39:37 mircea_popescu: what's "safer" mean.

21:40:05 B007: more secure

21:40:27 mircea_popescu: and secure means safer ?

21:40:46 B007: sometimes

21:41:24 punkman1: "Dangers are sum like a kold bath, very dangerous while you stand stripped on the bank, but often not only harmless, but invigorating, if you pitch into them."

21:41:47 mircea_popescu: punkman1 is this from a new ipo ?

21:42:03 B007: lol

21:42:11 punkman1: sure why not, everything else is IPOing

21:42:19 punkman1: I'm gonna IPO this old book

21:43:08 benkay: http://ponzi.io/

21:43:24 mircea_popescu: ceci n'est pas une IalB

21:44:02 Duffer1: for us proles volatility is a threat atm, whether its more a threat than inflation is your choice, all eggs in one basket = bad

21:45:01 assbot: [HAVELOCK] [NEOBEE] 45 @ 0.00300605 = 0.1353 BTC [-] {2}

21:45:42 mircea_popescu: and by choice you really mean call

21:46:09 Duffer1: ya

21:46:40 punkman1: what's an IalB?

21:46:44 mircea_popescu: http://cascadianhacker.com/blog/2014/02/02_goat-a-sordid-story-of-stupid-and-scam.html

21:46:45 ozbot: Goat: A Sordid Story of Stupid and Scam

21:46:50 mircea_popescu: look at that, alliteration!

21:46:55 mircea_popescu: punkman1 introduction a la bourse.

21:47:03 assbot: [HAVELOCK] [CBTC] 1503 @ 0.00015349 = 0.2307 BTC [-] {2}

21:47:08 benkay: ya well not all americans are entirely uneducated

21:47:46 B007: I am an American and am entirely uneducated. Point Proved?

21:47:57 punkman1: very proved

21:48:02 benkay: such point

21:48:04 assbot: [HAVELOCK] [CBTC] 2751 @ 0.00014677 = 0.4038 BTC [-] {6}

21:48:08 the20year1: how do you define education?

21:48:15 the20year1: Dollars spent on college?

21:48:21 B007: no

21:48:38 mircea_popescu: wow.

21:49:05 assbot: [HAVELOCK] [CBTC] 3318 @ 0.00014544 = 0.4826 BTC [-] {2}

21:49:11 Duffer1: http://bitbet.us/bet/633/bfl-will-ship-before-activemining/ read the comments

21:49:13 ozbot: BitBet - BFL will ship before ActiveMining

21:49:43 mircea_popescu: Duffer1 nobody bet lmao

21:50:06 Duffer1: there's no way to reasonably guess who will win, i don't think that bet will see much action :P

21:50:07 B007: Education is having the abilty to learn

21:50:22 mircea_popescu: benkay "my everlasting shame. Our code is available here:"

21:50:27 mircea_popescu: no code then ?

21:50:31 benkay: wat?

21:50:35 Duffer1: i got water on my keyboard "Cripple Fight!"

21:50:46 mircea_popescu: benkay grep yer blog!

21:51:02 benkay: dorp

21:51:06 B007: ctrl -f

21:51:13 nubbins`: http://imgur.com/BLdYqvd

21:51:13 benkay: how'd that get published!?

21:51:15 ozbot: imgur: the simple image sharer

21:51:24 nubbins`: thoughts, comments, criticisms?

21:51:40 nubbins`: benkay, anything can get published, trust me

21:51:49 mircea_popescu: nubbins` he's the editor.

21:51:55 nubbins`: ah. aha.

21:52:09 nubbins`: consider my comment revoked

21:52:14 mircea_popescu: that looks like a butterfly that snorted coffee grinds thinking they're lsd.

21:52:39 mircea_popescu: with a skin infection or w/e is going on there off to the left.

21:52:56 nubbins`: bubbles will either go completely or take over the rest of the page

21:53:08 nubbins`: this is for a band t-shirt, in the meantime

21:53:26 mircea_popescu: is the band name "butterfly that snorted coffee grinds thinking they're lsd" ?

21:53:34 nubbins`: "werewoman"

21:53:38 mircea_popescu: close enough.

21:53:41 nubbins`: nod

21:53:41 B007: it looks like the ink had a seizure

21:54:14 mircea_popescu: "Nobody can get inspect your payments if you know what you're doing."

21:54:21 mircea_popescu: dude horrible copyediting.

21:54:24 mircea_popescu: don't you have a girlfriend ?

21:54:25 nubbins`: B007, the ink does occasionally have seizures

21:54:43 nubbins`: you should see the last thing i drew

21:54:47 B007: nubbins`: especially in the heat

21:54:55 nubbins`: cold is a problem too

21:55:10 nubbins`: humidity as well

21:55:31 nubbins`: i had TWO pens hemorrhage on me this week

21:55:37 benkay: i do but mircea_popescu is so much better at it.

21:55:43 nubbins`: ^ heh

21:55:47 nubbins`: send him a bill

21:56:09 B007: mircea_popescu: likes to party with lsd

21:56:17 mircea_popescu: indicative of Nefario's future behavior: "Thanks for your ideas guys, I'm going to wrap them all together and not pay out the bounty".

21:56:22 mircea_popescu: ahaha this is pretty lulzy.

21:56:26 mircea_popescu: http://cascadianhacker.com/blog/2014/01/31_a-list-of-bitcoin-investments.html

21:56:27 ozbot: A List of Bitcoin "Investments"

21:56:51 B007: mircea_popescu: how rich are you?

21:57:00 mircea_popescu: pretty damned rich.

21:57:02 nubbins`: B007, don't be vulgar

21:57:12 B007: nubbins`: I like being vulgar

21:57:33 nubbins`: evidently, yes

21:57:53 copumpkin: B007: he bought me a bentley for supporting him in the early days

21:57:59 copumpkin: seems pretty generous

21:58:04 mircea_popescu: i did ?!

21:58:14 mircea_popescu: i'm so rich i buy people bentleys i don't even know about.

21:58:17 copumpkin: well, indirectly, in that money I stole from you

21:58:23 nubbins`: ah, hey, there's an MPEx asset in this list

21:58:23 mircea_popescu: you did ?

21:58:32 mircea_popescu: i'm so rich people steal my moneyz i don't even know about.

21:58:33 copumpkin: oh whoops, nevermind

21:58:38 copumpkin: ^_^

21:58:40 nubbins`: i was talking with someone about this the other day

21:58:42 B007: thats pretty rich

21:58:44 nubbins`: F.PURE.SYNTH

21:59:15 assbot: [HAVELOCK] [CBTC] 892 @ 0.000151 = 0.1347 BTC [+]

21:59:31 mircea_popescu: nubbins` how's pure.synth related to the hash options tho ?

21:59:53 mircea_popescu: they're different things, the f.pure.synth was a synthetic copy of puremining, the glbse asset run by rosi manifold or w/e the jew's name was.

22:00:25 Duffer1: mani rosenfeld

22:00:27 nubbins`: how's it related? beats me

22:00:34 mircea_popescu: http://cascadianhacker.com/blog/2014/01/31_a-list-of-bitcoin-investments.html << epic

22:00:38 nubbins`: the btctalk thread is a bit light on detail

22:00:39 nubbins`: https://bitcointalk.org/index.php?topic=76401.0

22:00:52 benkay: not epic at all. barely 4% of the way through known assets.

22:00:58 mircea_popescu: oops wrong link

22:01:00 ozbot: A List of Bitcoin "Investments"

22:01:01 ozbot: [MPEx] Introducing F.PURE.SYNTH

22:01:03 mircea_popescu: https://bitcointalk.org/index.php?topic=8733.msg128319#msg128319 << epic.

22:01:04 benkay: furthermore, that project is on hold.

22:01:05 ozbot: luke-jr is a scammer - he renegged on a bitcoin futures contract

22:01:16 Duffer1: er meni rosenfeld

22:01:35 B007: mircea_popescu: I can't even read that

22:01:41 Luke-Jr: mircea_popescu: why do you like to promote lies and scammers?

22:01:55 mircea_popescu: Luke-Jr that'd be the oposite of what i do.

22:02:01 mircea_popescu: but anyway, what was the real story there ?

22:02:28 benkay: luke claims that because his counterparty didn't file claims within some window of time he was absolved of his obligation to pay.

22:02:52 mircea_popescu: kinda how things work...

22:02:52 Luke-Jr: mircea_popescu: we agreed that I'd sell him <n> BTC for <n> USD at a future date. he never showed until like a month later demanding I just pay him some amount outright

22:02:56 nubbins`: nevermind that, what's a "synthetic copy" of an asset?

22:02:59 mircea_popescu: course, why did the cp go on forum then ?

22:03:07 Luke-Jr: benkay: I had no obligation to "pay".

22:03:08 mircea_popescu: Luke-Jr ah.

22:03:11 Luke-Jr: it was a trade.

22:03:18 Luke-Jr: he would have recieved something, and I would have received something back.

22:03:35 Luke-Jr: I was at no point under an oblgiation to sell what I got back to him at market price.

22:03:40 mircea_popescu: any of this in proper form (ie, as pgp signed ?)

22:04:15 Luke-Jr: irrelevant, but no

22:04:25 mircea_popescu: well, why did a third party buy your alleged debt ?

22:04:30 Luke-Jr: no idea

22:04:38 mircea_popescu: aite well... still pretty lulzy.

22:04:58 mircea_popescu: it doesn't necessarily have to be X or Y to be epic you know.

22:04:59 Luke-Jr: IIRC, had he shown up, and we made that trade, I'd have made a profit in the month he was MIA

22:05:12 copumpkin: irrelephant?

22:05:25 copumpkin: https://dl.dropboxusercontent.com/u/361503/Your-Argument-is-Irrelephant.gif

22:05:36 nubbins`: daww

22:05:51 nubbins`: i'm still confused about f.pure.synth

22:06:06 nubbins`: indulge me with the elevator pitch?

22:06:08 benkay: pmb, unless i miss my read.

22:06:09 mircea_popescu: nubbins` a synthetic was a relatively retarded construction, sadly made necessary by the very opaque manner of conducting "business" employed by the glbse muppets.

22:06:25 nubbins`: benkay: pmb, yep, i've got that much

22:06:27 mircea_popescu: it's basically "i will pay out whatever X so called asset pays out"

22:06:46 nubbins`: to what end?

22:06:47 mircea_popescu: if your credit is better than the issuer's this then gives investors incentive to buy your synthetic rather than the original, starving scams of cash.

22:06:48 pankkake: the goal was to short those assets?

22:06:52 nubbins`: a-ha.

22:06:53 mircea_popescu: a desperate measure for desperate times.

22:07:05 nubbins`: interesting

22:07:12 mircea_popescu: very disruptive, especially as nobody readily imagined such a thing can even exist.

22:07:15 mircea_popescu: at least not originally.

22:08:03 nubbins`: were PMBs not generally recognized to be dog turds back then?

22:08:07 mircea_popescu: hahaha

22:08:29 mircea_popescu: pmbs were generally recognised to be dog turds back then about to the degree hearn is recognised as a dog turd today.

22:08:40 nubbins`: sure

22:08:52 nubbins`: so... you offered a cheaper turd to undercut the turd salesmen?

22:09:01 nubbins`: srsly struggling to understand here

22:09:03 mircea_popescu: read the forum sometime, people really thought it's the path to glory.

22:09:20 nubbins`: oh yeah, people lapped 'em up despite people SCREAMING that they were bad ideas

22:09:28 mircea_popescu: nubbins` mostly to create an actual market.

22:09:33 nubbins`: i mean, fucking eskimo bob was telling people not to buy them

22:09:36 mircea_popescu: they for instance had massive issues with shorting. mental issues.

22:09:47 mircea_popescu: of the sort that bubble up even today, with the braindamaged "trading closed for ipo" nonsense.

22:10:22 mircea_popescu: there's some schmuck from the early days plainly stating it in some thread, "the ipo is not for investors to make money but for the company to make money" or somesuch.

22:10:37 mircea_popescu: total disconnect from reality.

22:11:27 assbot: [HAVELOCK] [PETA] 5 @ 0.04897964 = 0.2449 BTC [-]

22:12:01 mircea_popescu: anyway, in the case there : at the time the difficulty had gone up maybe 50% over 3 months, the dividends were mostly absent and the thing still traded "At price"

22:12:14 mircea_popescu: because that's what counted for a market back then, a buncha forum tards being friendly

22:12:30 mircea_popescu: after the synth price normalised and soon enough it was in the shitter.

22:12:37 mircea_popescu: eventually glbse cratered and erased the thing.

22:13:26 mircea_popescu: and meni rosenfeld moved on to to obscure turd pushing with what was going to become bitdaytrade

22:13:35 mircea_popescu: a sort of kraken of 2012 as it turns out.

22:13:47 nubbins`: oh yeah, kraken still hasn't verified my false info

22:13:55 nubbins`: forgot i signed up

22:14:18 mircea_popescu: i r so disappoint with that thing.

22:14:25 mircea_popescu: they really seemed like they're competent for a while.

22:15:45 mircea_popescu: benkay "Predictably1, BS&T failed to issue the number of bonds they'd committed to, and Popescu was relieved of his obligation to pay out on the above synthetics."

22:15:48 mircea_popescu: that's not exactly correct.

22:15:53 benkay: o!

22:15:58 benkay: well, do enlighten.

22:16:01 mircea_popescu: the thing opened, all full of trepidation, abunch were bought

22:16:07 mircea_popescu: then the forum cartel backtracked

22:16:13 mircea_popescu: people panicked and sold into my MM bids

22:16:14 mircea_popescu: which were low.

22:16:40 mircea_popescu: this all happened much before expiration.

22:16:55 duduqa: Hi, everyone

22:17:01 mircea_popescu: ello.

22:17:39 B007: hi

22:17:47 benkay: those are additional facts, sure

22:18:03 benkay: but BS&T did fail to issue the number of promised bonds, and you were relieved of your obligation were you not?

22:18:10 mircea_popescu: this was never judged.

22:18:31 mircea_popescu: it never actually got to be a cogent point

22:19:07 benkay: so what happened at expiration?

22:19:08 B007: guys how do I get rich?

22:19:25 mircea_popescu: benkay nothing because iirc i was holding the whole load.

22:19:33 benkay: ah

22:19:38 mircea_popescu: B007 you get your words very well defined and your questions super sharp

22:20:00 mircea_popescu: by the time you're done with that you're rich already and don't even know when you bought copumpkin a new bionic girlfriend/maid.

22:20:19 copumpkin: lol

22:20:36 assbot: [HAVELOCK] [NEOBEE] 330 @ 0.0030016 = 0.9905 BTC [-] {5}

22:20:38 mircea_popescu: benkay so did ognasty finally crap out or what ?

22:20:57 benkay: nasty mining is still a thing, innit? can't say as I've gotten much past april 2012

22:21:02 mircea_popescu: a ok.

22:21:41 B007: mircea_popescu: I think then you just die from a dictionary

22:22:34 B007: mircea_popescu: do you ever use otr

22:22:47 mircea_popescu: yes.

22:22:55 B007: mircea_popescu: cool

22:23:15 mircea_popescu: https://bitcointalk.org/index.php?topic=450797.msg4962212#msg4962212

22:23:16 ozbot: Beware: Bitcoin casino is cheating, changes outcome of their roulette

22:23:17 mircea_popescu: this is kinda lulz.y

22:23:24 mircea_popescu: "Their roulette is technically provably fair and they are publishing complete results from previous day. But they are cheating in such naive way that they simply change outcome of roulette game when needed and later in published results from previous day they show different outcome, which is correct one but was not used."

22:23:50 B007: I'm going to go play games

22:23:55 B007: see you all later

22:24:20 mircea_popescu: how come everyone wants to be rich these days.

22:24:34 mircea_popescu: i mean back before roosevelt i could understand it, being poor meant fucking starving.

22:24:40 B007: it is the new trend

22:24:50 mircea_popescu: but today ?! what difference does it make, 99% of all derps live in the same exact conditions anyway

22:25:17 B007: bragging rights

22:25:18 duduqa: "<mircea_popescu> but today ?! what difference does it make, 99% of all derps live in the same exact conditions anyway" - this

22:25:19 Dimsler: lol

22:25:21 Dimsler: rih

22:25:21 B007: no need to work

22:25:22 Dimsler: er rich

22:25:29 Duffer1: i don't want stuff or things, i just want my mom to retire

22:25:39 Dimsler: only way to become rich these days is to steal it

22:25:49 mircea_popescu: B007 if you didn't work you'd just go crazy.

22:26:02 mircea_popescu: what work. not like you go dig up coal in a mine or anything.

22:26:07 B007: I have never worked so far

22:26:11 mircea_popescu: derping about with a purpose is necessary for your sanity.

22:26:18 mircea_popescu: B007 i figured you must be in school.

22:26:22 B007: I am

22:27:30 mircea_popescu: https://bitcointalk.org/index.php?topic=452111.msg4977482#msg4977482 << ThickAsThieves check it out, quartz had another article.

22:27:32 ozbot: Bitcoin Federation of SPACE

22:35:51 assbot: [HAVELOCK] [HMF] 9 @ 0.0284 = 0.2556 BTC [+]

22:36:52 assbot: [HAVELOCK] [RENT] 60 @ 0.0055 = 0.33 BTC

22:37:20 Jere_Jones: ThickAsThieves, you around?

22:37:53 assbot: [HAVELOCK] [B.MINE] 3 @ 0.07299999 = 0.219 BTC [-]

22:41:19 mircea_popescu: talk about graceful degradations : tweets including references to #bitcoin-assets are auto-hashtagged "bitcoin" because that's how their parser works.

22:45:00 assbot: [HAVELOCK] [AM1] 5 @ 0.52 = 2.6 BTC [-]

22:46:23 benkay: well i was going to write a tcp client test harness today but then got distracted and this came out instead: http://cascadianhacker.com/blog/2014/02/08_when-you-know-you-done-fucked-up-but-cant-admit-it-in-public.html

22:46:28 ThickAsThieves: just got back wassup

22:47:02 assbot: [HAVELOCK] [AM1] 1 @ 0.531 BTC [+]

22:47:17 benkay: w/r/t proofing mircea_popescu, i learned from you to just write the thing, post it, and come back and tweak it if necessary later

22:47:30 Jere_Jones: ThickAsThieves, are you still providing escrow services?

22:47:53 benkay: ;;ud mego

22:47:54 gribble: http://www.urbandictionary.com/define.php?term=mego | The drugged-out sensation one gets when poring over spreadsheets or instruction manuals; acronym for "my eyes glaze over"

22:47:57 ThickAsThieves: Yes, but only for AM & Neo

22:48:14 truffles: new word yay

22:48:51 benkay: mircea_popescu relevant posts updated. thanks for the proofing ;)

22:49:12 truffles: what subject r u writing on?

22:50:06 assbot: [MPEX] [S.MPOE] 32076 @ 0.00085807 = 27.5235 BTC [+] {3}

22:50:08 BingoBoingo: benkay: Nice write up

22:52:12 truffles: on what!!!

22:52:14 Jere_Jones: Ok. I was looking for a one-off escrow.

22:55:22 truffles: omg i here for the nubbins!

22:55:25 truffles: sigh

22:56:11 assbot: [HAVELOCK] [B.MINE] 10 @ 0.07344999 = 0.7345 BTC [+] {6}

22:57:08 mircea_popescu: benkay that's sensible.

22:57:47 mircea_popescu: Jere_Jones maybe salty spitoon ? or you mean irc ?

22:58:13 assbot: [HAVELOCK] [AM1] 2 @ 0.51000201 = 1.02 BTC [-]

22:58:28 duduqa: bye bye fols

22:58:30 duduqa: folks

22:58:33 Jere_Jones: I'm looking to swap some real btc for gox btc as I believe that, eventually, I will be able to withdrawl.

22:58:43 benkay: wow that's a bold position

22:58:45 mircea_popescu: o get out. i'm not helping you do that.

22:58:50 benkay: you must have coins to burn.

22:59:02 Jere_Jones: I have coins that I don't need available immediately.

22:59:10 mircea_popescu: that is possibly the most insane thing i heard ever since i heard of people "buying pirate debt"

22:59:37 mircea_popescu: also, you need someone with a gox acct to escrow for you neh ?

22:59:52 Jere_Jones: Don't think so.

23:00:13 Jere_Jones: The escrow would hold the btc I send until I confirm receipt of the goxBTC.

23:00:16 mircea_popescu: so what, half escrow ?

23:00:26 mircea_popescu: yeah, and then what's the op to do ? you get the goxbtc and claim you didn't.

23:00:32 PierreCPA: Do you have a contingency plan if they go enter into bankruptcy? You have experience with the Japanese bankruptcy system and creditor claims?

23:00:42 mircea_popescu: PierreCPA o you the twitter guy ?

23:00:46 PierreCPA: yes

23:00:50 mircea_popescu: welcome.

23:01:00 mircea_popescu: bitcoin needs more accounting professionals.

23:01:11 PierreCPA: thank you, I was going to sit back and lurk but had to ask that haha

23:01:13 PierreCPA: I've noticed

23:01:16 assbot: [HAVELOCK] [AM1] 4 @ 0.53099995 = 2.124 BTC [+] {2}

23:01:39 Jere_Jones: No contingency. Just a belief that the problems are technical, not solvency. From what I can tell, mtgox is incompetent, not broke.

23:01:54 mircea_popescu: this guy is like jesse james.

23:02:05 deadweasel: fractional reserve falling apart, more likely.

23:02:07 PierreCPA: Ah, I see, what's your belief based on?

23:02:10 mircea_popescu: how long does the average incompetent lotto winner take to be broke ? eh ?

23:02:17 assbot: [HAVELOCK] [AM1] 15 @ 0.53592003 = 8.0388 BTC [+] {6}

23:03:16 Jere_Jones: It is based on what I know of MtGox's backend, the transactions that are getting stalled, and how easy it would be to write a system to cause those problems.

23:03:18 assbot: [HAVELOCK] [AM1] 9 @ 0.537267 = 4.8354 BTC [+] {2}

23:03:56 deadweasel: so nothing.

23:03:58 truffles: what about problems outside of their control

23:04:50 Jere_Jones: Oh, I am not of the belief that they have every dollar they should. I am just of the belief that I'll be able to get my coin out before the bottom falls out.

23:05:45 BingoBoingo: mircea_popescu: Whip the kittens already

23:05:56 deadweasel: you dropped this earlier, mp https://gs1.wac.edgecastcdn.net/8019B6/data.tumblr.com/2666f75887c09590958eda247c8f15e8/tumblr_inline_mpl3opPOYZ1qz4rgp.gif

23:06:32 mircea_popescu: awww ty deadweasel.

23:06:59 deadweasel: i hadn't saved a gif link in years. that ws too good

23:07:22 truffles: awww

23:07:26 mircea_popescu: didja ever find the viruses you were looking for ?

23:07:49 truffles: too bad no audio

23:08:09 deadweasel: i think antibiotics killed the lyme, im' got post-lyme disease syndrome, immune systems continues to battle invisible enemies

23:08:40 deadweasel: you talking about bacteriophage, right?

23:08:50 mircea_popescu: yeah

23:09:16 deadweasel: haven't had to do it. nice to have it all ready in case of freak outbreak of something new. 3 weeks to a new phage, give or take.

23:09:24 assbot: [HAVELOCK] [RENT] 139 @ 0.0055 = 0.7645 BTC

23:09:44 mircea_popescu: let that be a lesson to you young man

23:09:46 truffles: how does one get that?

23:09:49 mircea_popescu: never fuck a doe bareback again.

23:10:03 mircea_popescu: truffles from tic.

23:10:13 deadweasel: lyme ticks here have evolved to stay active in winter..

23:10:18 deadweasel: little fuckers

23:10:29 truffles: i kill bugs on site so...

23:10:44 mircea_popescu: they're about the size of afids really.

23:10:49 mircea_popescu: you only see them once they swell

23:10:50 deadweasel: never see these, gotta look everywhere, because they have numb bites.

23:11:05 deadweasel: until they fill with your blood and screw into your flesh

23:11:10 deadweasel: then they pretty obvi

23:11:26 assbot: [MPEX] [S.MPOE] 28550 @ 0.00086235 = 24.6201 BTC [+]

23:12:09 deadweasel: also getting immune to deet

23:13:59 mircea_popescu: PierreCPA since you're here, you can look over http://fraudsters.com/2013/accounting-for-the-nonzero-asset-corporation-the-mpex-standard/

23:14:39 PierreCPA: reading it now

23:16:20 benkay: BingoBoingo: updated http://cascadianhacker.com/blog/2014/02/08_on-the-importance-of-contracts-the-rentalstarter-case.html

23:16:40 benkay: now with discussion of mike_c's "you can raise it but you can't spend it"

23:17:32 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.19376446 BTC [+]

23:17:40 mircea_popescu: benkay speaking of that discussion, this month is quite the reverse.

23:17:41 truffles: benkay is that answer to my ? ^^

23:17:53 mircea_popescu: "oh if only we had spent btc at 1200 to acquire real goods now worth 2x in btc"

23:18:15 benkay: the curse of volatility.

23:18:24 benkay: "you can raise it, but now you have to spend it optimally"

23:18:38 mircea_popescu: moreover, an important point to be considered is that the real assets of btc corps act as an absolutel bottom in the btc exchange.

23:18:48 mircea_popescu: which is always nice to have.

23:18:55 benkay: yeah no shit

23:18:58 mircea_popescu: anyway, all this is going in s.mg feb report, so.

23:19:08 benkay: oh minigame's looking to burn some cash?

23:19:19 mircea_popescu: no, but i gotta follow up with something for investor's benefit.

23:19:28 mircea_popescu: after last month's haha aren;t you glad we didn't spend anything

23:20:24 BingoBoingo: mircea_popescu: You finally bought the Eve devs?

23:20:34 nubbins`: nasty mining is, i believe, still a thing

23:20:40 benkay: well in three months time it'll be back to 'aha aren't you glad we didn't spend anything' again

23:20:49 mircea_popescu: have you SEEN the eve devs ? i'd rather buy a zoo

23:21:24 mircea_popescu: benkay either that or "sorry, but we had to spend it eventually"

23:22:01 benkay: this is what executive leadership is for. deciding when to burn the btc.

23:22:12 benkay: naively, at the last possible moment. more sophisticatedly, at the right time.

23:22:14 BingoBoingo: mircea_popescu: But you can feed devs pouridge and give it a fancy name like Soylent, its rather cheap. The zoo's Lions would be malnourished.

23:22:14 mircea_popescu: notrly. the duck does that part.

23:22:26 mircea_popescu: the executive leadership is for taking the burns once it blows up

23:23:53 benkay: ah, sorry? as in taking the burn for not spending btc at the right time?

23:24:06 PierreCPA: mircea_popescu reasonable approach. It does remove the BS parts of GAAP, but it also does not address complex issues like consolidation of partially owned subsidiaries, revenue recognition for installment contracts, etc...

23:24:22 mircea_popescu: PierreCPA yeah.

23:24:25 PierreCPA: I started working on a similar project ( http://bitcoinadvisory.org/index.html ) but had to get a real job to pay the bills

23:24:40 assbot: [HAVELOCK] [AM1] 1 @ 0.537267 BTC [+]

23:24:45 mircea_popescu: hopefully more of that stuff can go in as more of your profession start being available for the corps to do the stuff.

23:25:38 mircea_popescu: i think tho the consolidation of subsidiaries can be done easily by a) disalowing unlisted subsidiaries and b) mark to market.

23:25:58 PierreCPA: Yes, it's happening, we just need demand from clients before doing anything really

23:26:14 mircea_popescu: you need to be in the wot and have a reputation before you'll get demand from any clients

23:26:23 mircea_popescu: and the actual clients, of course, but that's slowly coming into place.

23:27:38 mircea_popescu: benkay yea.

23:28:08 PierreCPA: agreed, problem is there can be no overlap between accountants serving large companies (and these are generally the high quality accountants), and accountants serving Bitcoin non-SEC listed companies, due to liability

23:28:23 PierreCPA: so that firewall slows things down

23:28:38 mircea_popescu: i guess it does.

23:28:49 PierreCPA: so the demand has to come from "compliant" mainstream companies wanting to get in the game

23:28:59 mircea_popescu: with the mention that those WERE the good accountants. they won't be, in a decade or two.

23:29:26 mircea_popescu: nah, non-compliant corps will crush the entire system, from sec down to all corps and their subcontractors.

23:30:01 benkay: far better to save up some cash and be the premiere btc accountant.

23:30:06 PierreCPA: Perhaps, though I think we'll call them "accounting system developers", accounting will be done entirely 100% by computers

23:30:13 mircea_popescu: perhaps.

23:30:14 benkay: disconnect from the doomed fiat systems.

23:30:40 jurov: Jere_Jones use this as escrow: bitbet.us/bet/751/mtgox-out-of-business-in-2014/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc

23:31:03 PierreCPA: what's a good metric for seeing the size of non-compliant corps? i.e. is their someone summing the mkt caps?

23:31:32 mircea_popescu: about a million btc giver or take atm

23:31:46 assbot: [HAVELOCK] [B.SELL] 1 @ 0.121 BTC [-]

23:35:59 nubbins`: i was about to ask Jere_Jones if he had a seller of goxbtc lined up

23:36:09 nubbins`: but then i realized that's probably not hard to find

23:36:20 truffles: hai nubbins

23:36:25 truffles: busy?

23:36:44 nubbins`: depends on if you want to play chess

23:36:50 mircea_popescu: lmao

23:36:55 truffles: :(

23:36:57 nubbins`: heh

23:37:04 nubbins`: i kid! but i actually to have to pick up rent

23:37:13 nubbins`: just popped in with a coffee

23:37:19 truffles: hope u win with this dodgery

23:37:40 nubbins`: i rarely win

23:37:55 truffles: ..

23:37:56 Namworld: ;;premium gox bitstamp

23:37:58 gribble: Premium of MtGox over Bitstamp is currently -4.33866400355 %.

23:37:59 nubbins`: i'll play later tho

23:38:09 Namworld: MtGox... why you so silly

23:38:13 truffles: im stepping away "later"

23:38:18 Namworld: From +20 to -5

23:38:22 truffles: this time tomorrow is better?

23:38:26 nubbins`: schedules collide

23:38:37 truffles: or 2 hours prior?

23:38:39 nubbins`: later in the evenings is better

23:39:03 truffles: what time is evening? est cst?

23:39:07 nubbins`: nst

23:39:16 nubbins`: utc-3:30

23:42:04 truffles: guess we'll have to wait til things shift

23:43:42 jurov: oh, there's parasigm shift already?

23:43:47 jurov: *paradigm

23:44:06 nubbins`: 2014-03-09, dst begins

23:44:24 jurov: and where is it scheduled to shift?

23:45:09 nubbins`: an hour forward

23:45:23 nubbins`: to utc-2:30

23:54:57 mike_c: good article benkay. it's crazy (but not surprising) that havelock is messing around with the ipo structure.

23:55:59 jurov: oh they do. and if issuer is borderline competent, they in turn don't understand him

23:56:42 jurov: http://www.reddit.com/r/Bitcoin/comments/1xdg60/heads_up_thebitcoinnewscom_is_hosting_a_fake/ our dear friend markus weiler is at it again

23:57:00 jurov: (of bitcoinbourse.eu infamy)

23:57:11 assbot: [HAVELOCK] [B.EXCH] 2 @ 0.19376446 = 0.3875 BTC [+]

23:57:25 pankkake: :/

23:57:46 jurov: what pankkake? you invested there too?

23:58:08 pankkake: no, but I'm always annoyed to see those people are still operating