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Transcript for 11-04-2014, 4424 lines:

00:01:32 assbot: [MPEX] [S.MPOE] 8150 @ 0.00095797 = 7.8075 BTC [-]

00:07:51 benkay: ops for assbot?

00:12:02 assbot: [HAVELOCK] [B.SELL] 6 @ 0.047899 = 0.2874 BTC [+] {2}

00:13:56 thestringpuller: ;;ticker

00:13:57 gribble: Bitstamp BTCUSD ticker | Best bid: 361.0, Best ask: 363.12, Bid-ask spread: 2.12000, Last trade: 363.12, 24 hour volume: 49912.39410578, 24 hour low: 357.57, 24 hour high: 442.46, 24 hour vwap: 398.8274112

00:15:43 CheckDavid: Hi

00:15:54 CheckDavid: What is bitex?

00:15:58 CheckDavid: Exchange?

00:19:49 benkay: http://www.bitex.com/ ?

00:19:50 ozbot: .:: BITEX.COM ::.

00:23:19 CheckDavid: Maybe

00:23:23 CheckDavid: But it's in Russia

00:23:36 CheckDavid: And I thought the skin was British

00:24:12 benkay: why don't you bring the link

00:24:55 CheckDavid: Because I don't have

00:25:02 CheckDavid: I only heard about it

00:25:23 CheckDavid: Bitex ltd

00:25:27 kakobrekla: ;;ticker

00:25:28 gribble: Bitstamp BTCUSD ticker | Best bid: 357.04, Best ask: 357.58, Bid-ask spread: 0.54000, Last trade: 357.04, 24 hour volume: 50103.19440652, 24 hour low: 357.04, 24 hour high: 442.46, 24 hour vwap: 398.721153266

00:25:58 CheckDavid: Skin = admin

00:27:14 mircea_popescu: SatoshiJack there is really no diff between bitcoin and altcoin addy gen. same algo.

00:28:18 assbot: [MPEX] [S.MPOE] 5603 @ 0.00095797 = 5.3675 BTC [-]

00:28:20 SatoshiJack: I hear ya mp... my issue is how to generate the transactions --- and send --- blockr does not provide -- but it's all good -- we are working around :)

00:29:03 mircea_popescu: there's an altcoind neh ?

00:30:21 assbot: [HAVELOCK] [AM1] 1 @ 0.58000001 BTC [+]

00:32:22 assbot: [HAVELOCK] [AM1] 20 @ 0.58 = 11.6 BTC [-]

00:50:06 MisterE: morning

00:50:13 MisterE: ;;ticker ---market all

00:50:13 gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Bitstamp. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure the (1 more message)

00:50:22 MisterE: ;;ticker --market all

00:50:28 gribble: Bitstamp BTCUSD last: 355.0, vol: 52651.69613421 | BTC-E BTCUSD last: 349.721, vol: 41922.56088 | Bitfinex BTCUSD last: 354.64, vol: 45261.05802284 | CampBX BTCUSD last: 364.99, vol: 234.57248346 | BTCChina BTCUSD last: 362.1216, vol: 8919.47740000 | Kraken BTCUSD last: 353.75804, vol: 20.11537123 | Bitcoin-Central BTCUSD last: 363.883873894, vol: 308.9653489 | Volume-weighted last average: (1 more message)

01:04:59 jborkl_: Mircea , you see the mtgox news yet? Not that is any surprise

01:05:06 jborkl_: It is

01:06:00 minersdidit: karpeles get arrested?

01:08:54 benkay: nooz?

01:10:52 jborkl_: Mtgox possibly being bought

01:11:15 jborkl_: WSJ reported a couple hours ago

01:11:55 mike_c: yes, was discussed.

01:12:08 minersdidit: bought you mean handed over

01:12:21 danielpbarron: does that mean all those GoxCoins are worth something after all?

01:12:50 MisterE: handed over in terms of "take my exchange, please"

01:13:02 assbot: [MPEX] [S.MPOE] 11047 @ 0.00095797 = 10.5827 BTC [-]

01:13:02 minersdidit: bitcoin will probably be back to single digits by the time they settle that mess

01:13:26 kakobrekla: wont go below 2

01:13:31 minersdidit: lol

01:13:45 jborkl_: They would be assuming debt also

01:13:55 jborkl_: How much idk

01:15:24 minersdidit: wasnt karpeles using it as his personal piggyback?

01:16:06 mircea_popescu: jborkl it was here

01:18:37 minersdidit: bitcoins shitty economic algo killed the value

01:18:52 Duffer1: uh

01:19:13 Duffer1: oh hai guys

01:19:19 minersdidit: hai

01:19:19 danielpbarron: yeah the devs should have written it to give 50 billion units to their friends every month so it could be more like the dollar

01:19:37 minersdidit: bitcoin follows quantity theory of money which is flawed.

01:20:12 minersdidit: it will always have insane volatility. miners create 3600 coins even under falling demand

01:20:22 minersdidit: or when value rises theres no mechanism to supply the market

01:20:26 minersdidit: so you get insane ups and downs

01:20:31 danielpbarron: so?

01:20:47 minersdidit: impossible to use as settlement

01:21:05 minersdidit: youll have persistent periods of hyper deflation and hyper inflation like now

01:21:13 danielpbarron: so?

01:21:33 minersdidit: makes it useless

01:21:38 danielpbarron: to you, maybe

01:21:51 danielpbarron: I find it to be very useful; I'm not alone

01:22:11 danielpbarron: i'd rather have a volitile good money than a stable bad money

01:22:13 minersdidit: yea you arent very bright. the economics are flawed you have insane costs

01:22:23 minersdidit: its not about price stability that is absurd as well

01:22:36 minersdidit: you have no mechanisms that respond to market demands for money

01:22:57 danielpbarron: i guess you've never been to #bitcoin-otc

01:23:12 minersdidit: whats a trading post got to do with anything lol

01:23:29 danielpbarron: there are 629 mechanisms in there

01:23:30 minersdidit: money has to be elastic it cant be static ie linear

01:23:53 danielpbarron: why?

01:24:05 Duffer1: i don't see how you can say that when nothing like bitcoin has existed before

01:24:14 minersdidit: sure it has

01:24:22 minersdidit: 100% gold standard did the exact same thing

01:24:42 Duffer1: instant, secure, worldwide, private value transmission does not = gold

01:24:44 minersdidit: danielpbarron: because economies are fractals they arent linear

01:24:52 danielpbarron: what does that even mean

01:25:04 minersdidit: im not argueing the superior technicalities

01:25:12 minersdidit: im argueing the flawed economics behind the coin creation

01:25:17 minersdidit: ie the supply

01:25:22 danielpbarron: you aren't doing a very good job

01:25:33 danielpbarron: i'm trying to understand you

01:25:37 mike_c: what money are you talking about? m1?

01:25:52 minersdidit: when the market demands for money increase bitcoin has no mechanism to supply it and vice versa

01:25:53 Duffer1: you mean you're ignoring the technical superiority in favor of your baseless assertions

01:25:55 minersdidit: its based on quantity theory

01:26:09 minersdidit: my assertions are baseless look at the price goes from 80 to 1200 back down

01:26:20 minersdidit: that will always occur

01:26:24 danielpbarron: minersdidit: the things you are saying are not true

01:26:27 minersdidit: making it impossible to use as settlement.

01:26:41 Duffer1: "that will always occur because.. gold"?

01:26:44 danielpbarron: bitcoin does indeed have many meechanisms to supply

01:26:48 minersdidit: danielpbarron of course they are true. we can observe it occuring

01:27:07 minersdidit: miners create coins regardless of market needs for them, this increases volatility when they drain the liquidity pools

01:27:19 danielpbarron: you must have your eyes closed then, because there are tens of thousands of "mechanisms"

01:27:26 minersdidit: no there arent.

01:27:44 minersdidit: hence the insane volatility

01:27:49 mircea_popescu: minersdidit who are you exactly ?

01:27:51 danielpbarron: you are making the argument that a central bank knows better than a decentralized network

01:27:55 minersdidit: a troll

01:28:00 mircea_popescu: a ok. carry on.

01:28:42 Duffer1: anyways have you guys heard the great news?

01:28:54 danielpbarron: even if the central bank was better at stabilizing prices (it isn't) that wouldn't make up for the corruption inherent in giving that much power to one authority

01:28:57 minersdidit: danielpbarron um when did i bring up central banking or fiat?

01:29:06 Duffer1: for only 11,200 btc you can be the proud owners of 40% of YET ANOTHER havelol startup

01:29:11 minersdidit: and when did i say stable prices are optimal?

01:29:21 Duffer1: https://bitcointalk.org/index.php?topic=565415.0

01:29:22 ozbot: [HAVELOCK] AlcheMiner Scrypt ASIC IPO Friday April 11

01:29:33 minersdidit: typical bitcoin shill. instantly brings up the fiat strawman that was never discussed in the first place

01:29:48 danielpbarron: well then start making sense

01:29:55 danielpbarron: i can't read your mind

01:29:59 minersdidit: learn to read i am making sense

01:30:19 assbot: [MPEX] [S.MPOE] 6550 @ 0.00096211 = 6.3018 BTC [+] {2}

01:30:19 minersdidit: when the market needs bitcoin theres no mechanism to supply them other then the set in stone linear 3600 coins, this brings insane price volatility to the upside

01:30:29 danielpbarron: ok so you want something like bitcoin, but with.. more inflation? or a backdoor to let devs tweak the block reward?

01:30:31 minersdidit: when that wanes out, you get insane volatility to the downside as the algo keeps supplying useless coins

01:30:45 danielpbarron: yeah and i'll buy them

01:30:56 danielpbarron: problem solved

01:30:58 minersdidit: no for bitcoin to work you need some decentralized system that works on the real bills doctrine

01:31:06 minersdidit: thats the only way the gold standard functioned

01:31:08 Duffer1: minersdidit when the market needs bitcoin theres no mechanism to supply them >>> you work for money, that's the mechanism

01:31:12 minersdidit: when that mechanism was removed it collapsed

01:31:23 Duffer1: why would it issue more than you work for?

01:31:33 minersdidit: duffer1 um no you dont work for bitcoins when the volatility is so insane you cant measure what your work is even worth.

01:31:34 Duffer1: simply because the market wants it to?

01:31:51 minersdidit: a money supply expands and contracts ie ELASTIC

01:31:54 TestingUnoDosTre: there are so many fucking bitcoins dropping

01:31:54 minersdidit: like an economy

01:31:55 Duffer1: your work is worth x btc

01:32:11 minersdidit: lol dude you cant even tell me what your work was worth an hour ago

01:32:16 minersdidit: the price moved what 20%?

01:32:24 benkay: i;ll price my work quite happily in btc

01:32:26 benkay: .5/hr

01:32:37 Duffer1: it's worth x btc, what people choose to price that in fiat is a separate matter

01:32:41 minersdidit: and im not talking about fiat price

01:32:48 minersdidit: you can "price" bitcoin in anything since its a ratio

01:32:52 danielpbarron: idk, i think these only appear to be problems to individuals who still have a foot in FIAT

01:33:02 minersdidit: you cant value your work when the meter stick you are using is a rubber band

01:33:10 minersdidit: to measure with

01:33:11 danielpbarron: if all your inputs and outputs are BTC, you wouldn't notice so much

01:33:22 minersdidit: yea you would lol

01:33:24 benkay: the other side is that i know the fraction of the monetary reserve my work is worth

01:33:31 mike_c: curious, where would you have "stabilized" the price? $1? $10?

01:33:36 benkay: i find that rather satisfying.

01:33:55 minersdidit: i wouldnt stabalize the price. i just told you, you need something like decentralized discount bills that settle in BTC

01:34:22 minersdidit: thats beyond your primitive understanding to even bother explaining

01:34:32 danielpbarron: then why bother mentioning it

01:34:34 mike_c: try speaking english, that will help.

01:34:46 minersdidit: its not about PRICE satbility. its about mechanisms that respond to market needs hence reducing volatility

01:34:50 Duffer1: minersdidit and im not talking about fiat price >> yes you are, your btc work will always be worth x btc, the only volatility is fiat market pricing of that work

01:34:54 minersdidit: price stability is NOT wanted in any economy

01:35:11 minersdidit: prices need to move around

01:35:11 benkay: <minersdidit> thats beyond your primitive understanding to even bother explaining << tiberius move, iirc

01:35:29 minersdidit: bitcoin cant work alone its already been tried with 100% gold

01:35:49 mike_c: actually 5% gold 95% tungsten

01:35:57 benkay: claim, claim, claim, wait for sucker to bite, argue, say 'you're too stupid for me to possibly explain this'

01:35:58 Duffer1: hehe

01:36:10 danielpbarron: the old states used to water down the gold coins; nothing new under the sun

01:36:28 benkay: government will always dilute the currency, given the opportunity.

01:36:41 minersdidit: i dont have to claim anything the evidence is all around you

01:36:45 minersdidit: look at insane volatility

01:36:54 benkay: luckily it doesn't matter

01:36:58 benkay: i can wait 10 years

01:36:58 danielpbarron: yeah i'm not worried

01:37:12 benkay: if it's still blow stamps for kiddies at that point, no big.

01:37:13 minersdidit: @ $1200 a btc miners were being subsidized to the tune of 5million dollars to secure 80k transactions

01:37:16 benkay: i have resource streams.

01:37:20 minersdidit: that 5million was coming out of users

01:37:23 mike_c: my bitcoin is still worth a bitcoin. except the ones i lost on that stupid $400 bitbet.

01:37:29 benkay: HAW

01:37:37 benkay: no, those are still worth 1B too.

01:37:38 minersdidit: it was impossible to sustain becuase we dont even have 1billion of fiat on order books

01:37:54 benkay: sounds like a bubble, minersdidit

01:37:54 danielpbarron: lol benkay

01:37:55 minersdidit: miners now get paid what 1million to secure the same 80k transactions

01:38:11 minersdidit: do you see the problem here? as the real value rises so does the cost to run the network

01:38:19 danielpbarron: so???

01:38:24 benkay: how is the subsidy different and the txn value the same?

01:38:34 minersdidit: its not differnt

01:38:42 minersdidit: the subsidy is like a $40 per transfer tax

01:38:47 minersdidit: in december

01:38:48 danielpbarron: minersdidit: do you know how much wealth is wasted running the current financial system?

01:38:50 Duffer1: you're pricing mining activity in fiat?

01:38:59 benkay: miners got paid 25 bitcoin to move some other number of btc around, plus txn fees

01:39:02 minersdidit: you can price it in anything dude

01:39:16 minersdidit: miners had obscene margins and every incentive to realize them

01:39:20 Duffer1: i price it in btc...

01:39:20 minersdidit: hence its what theyve been doing

01:39:31 minersdidit: miners created bitstamps order book every 3 days in november

01:39:33 benkay: lose everything buying at 1200, minersdidit ?

01:39:37 Duffer1: since that's the reward for doing the work..

01:39:46 minersdidit: dude can you read?

01:39:57 minersdidit: they are getting paid extra for no new work performed

01:40:03 benkay: now or then?

01:40:08 minersdidit: even now

01:40:16 benkay: eh

01:40:19 benkay: still not really caring.

01:40:25 minersdidit: theres not enough fiat demand to support what miners are creating out of thin air everyday

01:40:26 steven-__: not sure im following you minersdidit

01:40:40 mike_c: is there any fiat demand? who wants fiat?

01:40:42 minersdidit: 3600 coins per day x 400 is what the miners are being paid in subsidies

01:40:48 Duffer1: coin generation, network security are work as well

01:40:51 minersdidit: to "secure" a network that only transfers 67k

01:41:06 minersdidit: they will be constantly on the ask side

01:41:12 minersdidit: which is what has been occuring

01:41:13 danielpbarron: minersdidit: there is a lot of wealth that will be fleeing FIAT soon, and it will choose Bitcoin

01:41:20 minersdidit: no it wont

01:41:29 danielpbarron: well that's my bet

01:41:38 minersdidit: bitcoin has no liquidity to support any type of wealth fleeing into it

01:41:50 minersdidit: and for every seller of BTC there is also a buyer

01:41:56 minersdidit: so your arguement makes no sense

01:41:59 danielpbarron: ok, that statement seems to completely contradict the other stuff you've been saying

01:42:05 Duffer1: capital flight will seek precious metals and other solid commodities imo, btc a bit too

01:42:12 danielpbarron: either there is too much BTC or not enough? which is it?

01:42:13 TestingUnoDosTre: mike_c, at least you didn't almost lose .5 btc at the last minute like this guy <-----

01:42:20 minersdidit: no it doesnt. the quantity theory of money that bitcoin is based on, guarantees insane volatility

01:42:21 minersdidit: which will NOT attract wealth

01:42:39 minersdidit: hence why 5 years in we still have out of control price swings

01:42:40 benkay: so make the perfect alt

01:42:51 minersdidit: its not a question of that

01:42:53 mike_c: TestingUnoDosTre: um, i actually lost. seems worse than almost lost :)

01:42:53 benkay: with elastic supply

01:43:12 minersdidit: money has to reflect what the economy is doing, which is a fractal it expands and contracts hence elastic

01:43:17 TestingUnoDosTre: i lost, and I also lost the 1% by trying to bid last minute

01:43:18 minersdidit: it cant be a linear algo lol

01:43:20 akstunt600: benkay, i agree

01:43:25 akstunt600: that would be nice

01:43:28 akstunt600: but how?

01:43:30 akstunt600: lol

01:43:43 minersdidit: bitcoins value is relative to the liquidity pool of bids that is available

01:43:53 benkay: economy is a fractal yo

01:43:55 minersdidit: miners drain that pool constantly

01:43:59 akstunt600: true

01:44:00 Duffer1: https://www.youtube.com/watch?v=O5wGgVWvluk

01:44:00 ozbot: The 10 Most Insane Things You Didn't Know About the Universe | Marvels of the Science | Episode 6 -

01:44:04 minersdidit: making it more difficult to attract more

01:44:07 akstunt600: Fucking miners

01:44:10 akstunt600: oops wait im a miner

01:44:13 benkay: lay off the entheogens, kid.

01:44:13 akstunt600: lol

01:44:28 TestingUnoDosTre: hahahha

01:44:31 Duffer1: this whole conversation >.<

01:44:33 assbot: [MPEX] [S.MPOE] 2771 @ 0.00095723 = 2.6525 BTC [-]

01:44:38 minersdidit: yea you too stupid to see it

01:44:51 benkay: resorts to ad hominems

01:44:52 minersdidit: youll have persistent hyperinflation and hyperdeflation

01:44:53 danielpbarron: i'm starting to get what you are saying, minersdidit, but I still don't agree

01:45:12 minersdidit: its not my theory, its reality look how bitcoin acts

01:45:18 minersdidit: its 5 years in.

01:45:20 akstunt600: minersdidit, Sooo that why dogecoin is better?

01:45:26 *: akstunt600 akakkakakkakakakka

01:45:36 danielpbarron: exactly, 5 years old... that isn't very long ago

01:45:44 akstunt600: very very young

01:45:46 minersdidit: thats a century in internet time.

01:46:13 danielpbarron: well it only took the dollar a century to lose most of its value; Bitcoin's looking pretty good

01:46:17 minersdidit: 5 years on the internet with instant information awareness is like 100-200 years

01:46:26 minersdidit: yea bitcoin does it in a day lol

01:46:30 akstunt600: danielpbarron, hahhah so true

01:46:40 MGK: anyone interested in buying a graded MS65 1btc coin?

01:47:00 TestingUnoDosTre: wtf is that

01:47:06 danielpbarron: i've never seen Bitcoin lose most its value, but I wasn't around for that first MtGox hack

01:47:10 MGK: a casacious coin?

01:47:17 MGK: never heard of those?

01:48:27 minersdidit: danialbarron its lost what 40% in the last 24hrs alone?

01:48:43 minersdidit: what will it take for you to see most of its value? 51%?

01:48:46 TestingUnoDosTre: like a coin that you can hack by pealing off the adhesive?

01:48:49 danielpbarron: that's not most, and that's also an exageration

01:49:09 minersdidit: im sorry 1/3rd

01:49:34 benkay: say we clear back to 10

01:49:38 assbot: [HAVELOCK] [B.MINE] 20 @ 0.03587424 = 0.7175 BTC [+] {7}

01:49:39 minersdidit: bitcoin has lost about 60% of its "value" from january 1st

01:49:50 benkay: it's lost none of its value.

01:49:54 benkay: the crypto's still rock solid.

01:49:58 benkay: the txn net is stronger than ever.

01:50:04 benkay: the fundamentals remain.

01:50:15 benkay: fiat pricing silliness has not and never will matter.

01:50:21 minersdidit: price in anything

01:50:28 minersdidit: its down 60-70%

01:50:28 TestingUnoDosTre: alright, but if you had 10 dollars waiting to invest in bitcoin last week, versus today, how much more bitcoin would it buy benkay?

01:50:31 benkay: make this argument in a decade.

01:50:49 TestingUnoDosTre: totally not a legitimate argument

01:51:02 benkay: not you, TestingUnoDosTre

01:51:16 benkay: the "it's crazy vix week dot butts! bitcoin is useless!" argument.

01:51:25 minersdidit: bitcoin will be at version 0.92 in a decade with the current developmeant team

01:51:41 minersdidit: still promising multi sig

01:51:47 TestingUnoDosTre: bitcoin utility hasn't budged a bit, but the value has most definitely dropped

01:52:00 danielpbarron: i think multi sig already exists

01:52:02 benkay: see now jump to a new topic, a new stupid claim

01:52:07 minersdidit: the utility sucks. 30% value swings in 24hrs

01:52:20 benkay: utility != price, price != value

01:52:21 benkay: ffs

01:52:23 minersdidit: plus horrendous bid/ask spread when trying to get some

01:52:38 benkay: yeah it's expensive and hard to get. what of it?

01:52:46 benkay: so is good blow.

01:52:52 danielpbarron: this is ridiculous, it's open source; if the devs really did suck (arguable..) then new ones will sprout up

01:53:31 minersdidit: no they wont

01:53:33 benkay: reference client isn't the only client

01:53:37 minersdidit: nobody pays them to sprout up

01:53:39 benkay: conformal do you even?

01:53:47 minersdidit: will mircea come in with a donation like openbsd lol

01:53:54 danielpbarron: minersdidit: maybe

01:53:59 danielpbarron: who paid satoshi?

01:54:06 minersdidit: you did

01:54:14 danielpbarron: so who will pay future devs?

01:54:18 Duffer1: minersdidit nobody pays them to sprout up >> have you heard of github?

01:54:43 benkay: github.com/conformal/btcd

01:54:46 benkay: next.

01:54:53 minersdidit: bitcoin developers are poor quality because their is zero incentive to attract proper professionals

01:55:03 benkay: read the conformal source. next.

01:55:07 TestingUnoDosTre: laughable at best ^

01:55:07 minersdidit: its a circus of amateurs from the last dotcom crash

01:55:19 TestingUnoDosTre: omfg

01:55:23 *: benkay waits for this thread of troll to spin out

01:55:23 minersdidit: how is it laughable, theres persistent amateur bugs discovered

01:55:36 TestingUnoDosTre: amateur?!?!

01:55:40 danielpbarron: there is probably some truth to that one (re: amateurs from dotcom)

01:55:58 minersdidit: all the failures of the dotcom crash resurfaced in bitcoin

01:56:04 minersdidit: andreas etc.

01:56:05 TestingUnoDosTre: how quickly was an openSSL bug patched in the bitcoin community when released

01:56:11 danielpbarron: yeah, I read all about them on bitcointalk lol

01:56:20 TestingUnoDosTre: how long will the openSSL bug persist in everyday use?

01:56:28 minersdidit: wasnt it exposed for 2 years

01:56:33 mircea_popescu: so are we getting a proposal on how to fix bitcoin or noit just yet ?

01:56:42 mircea_popescu: TestingUnoDosTre prolly a year or so

01:56:43 danielpbarron: lolol ^^

01:56:50 BCB: mircea_popescu, did you see that new paper about regulation

01:56:54 BCB: you were mentioned

01:56:57 danielpbarron: yeah get to the point and write your new superbitcoin already, minersdidit

01:57:05 TestingUnoDosTre: which paper <BCB>

01:57:13 minersdidit: im too stupid too and theres no need

01:57:15 BCB: looking

01:57:18 benkay: princessnell's, most likely.

01:57:25 danielpbarron: minersdidit: then stfu

01:57:28 minersdidit: my statements are still accurate

01:57:33 benkay: k great thanks

01:57:37 minersdidit: bitcoin development team = losers from dotcom bust

01:57:43 benkay: yup great awesome

01:57:47 minersdidit: drifted on the internet for a decade until bitcoin came along

01:57:54 Trader1333: hi guys

01:57:55 benkay: .bait

01:57:56 ozbot: http://37.media.tumblr.com/c0ffb11b384a31510c604f6647dbeb6f/tumblr_mwdjdeeU8g1r5peaqo1_1280.jpg

01:58:02 minersdidit: hi Trader1333

01:58:08 Trader1333: i am wondering if there is a way to buy future contracts for BTC?

01:58:09 danielpbarron: if you want to rile bitcoiners up with that line, go to #bitcoin-dev

01:58:22 TestingUnoDosTre: ;;google bitcoin future

01:58:22 gribble: Bitcoin's future: Hidden flipside | The Economist: http://www.economist.com/news/finance-and-economics/21599054-how-crypto-currency-could-become-internet-money-hidden-flipside; Felix Salmon – The Bitcoin Bubble and the Future of Currency ...: http://news.rapgenius.com/Felix-salmon-the-bitcoin-bubble-and-the-future-of-currency-annotated; Bitcoin: The Currency Of The (1 more message)

01:58:25 Trader1333: trying to acquire either 5 BTC weekly or $2500.

01:58:29 Trader1333: worth

01:58:38 BCB: TestingUnoDosTre, it's linked here: http://techliberation.com/2014/04/10/our-new-draft-paper-on-bitcoin-financial-regulation-securities-derivatives-prediction-markets-gambling/

01:58:45 Trader1333: willing to do a legally binding agreement of such and put forth my car as compensation should it cost too much

01:59:04 minersdidit: losers will always be losers, bitcoin allowed that particular group to get "another chance" to return to silicon valley, hence their constant obsession with conferences

01:59:13 danielpbarron: Trader1333: you sure about that? I hear Bitcoin is too volitile to be worth anything

01:59:36 Trader1333: i see BTC dropping to $100 but i dont care i need BTC weekly and constant. i need a way to buy BTC and i dont care if it goes to $10k or $1 im buying same amount weekly

01:59:43 danielpbarron: hah, I live really close to the last conference and I didn't go (or even hear about it)

01:59:52 Duffer1: i'm reminded of krugman's 'why the internet will never be popular' thesis..

02:00:03 Trader1333: i flip it weekly and make good margins. hell i make more than someone as a general manager of a fast food joint and i only do it for 5 hours a week roughly.

02:00:04 minersdidit: well the internet is a cesspool

02:00:11 minersdidit: i dont think anyone except andreas denies that lol

02:00:20 TestingUnoDosTre: <BCB> i see no mention of mp

02:00:32 danielpbarron: minersdidit: i agree with you there

02:00:43 Trader1333: problem is this stupid market no one wants to sell. so i figured if i offered a contract to buy at 1% above bitstamp the same amount every week, month to month contract, there would be some interest.

02:00:45 BCB: TestingUnoDosTre, it is in the attached paper http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2423461

02:00:56 Trader1333: dont have time for the stupid market volatility.

02:01:01 minersdidit: if you actually read krugmans article he was kind of correct.

02:01:10 minersdidit: the internet generation is poorer then their parents

02:01:22 benkay: that's for damn sure.

02:01:55 minersdidit: that simple fact shows you that the internet failied to deliver the utopia guys like andreas claimed it did

02:01:57 TestingUnoDosTre: ***than

02:02:14 Duffer1: andreas?

02:02:22 minersdidit: yea high priest of bitcoin

02:02:24 minersdidit: antonopolous

02:02:26 benkay: new, unrelated tangent...

02:02:34 benkay: kakobrekla: ping

02:02:51 TestingUnoDosTre: huh?

02:03:02 minersdidit: and silicon valley "tech" and innovation is a joke. they create companies that sell advertisements

02:03:10 kakobrekla: pong

02:03:18 benkay: fun trollage in here this afternoon

02:03:31 minersdidit: use ignore benkay

02:03:31 kakobrekla: yeah well it is what it is.

02:03:40 benkay: what's ignore?

02:04:43 Trader1333: know its not the place, but if anyone wishes to sell 6.6 BTC let me know. or a contract to buy $2500 on Monday at whatever bitstamp +1% is.

02:05:03 Duffer1: trader1333 #bitcoin-otc

02:05:40 Trader1333: go to OTC where its a bunch of circle jerkers no thank you. oh and escrow is required.

02:05:51 minersdidit: yea the bastion of liquidty

02:05:55 benkay: ;;gettrust Trader1333

02:05:56 gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user Trader1333: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=Trader1333 | WoT data: http://b-otc.com/vrd?nick=Trader1333 | Rated since: never

02:06:04 benkay: well with trust like that

02:06:27 minersdidit: any bets up on bitbet when bitstamp goes the way of mtgox?

02:06:44 benkay: surely you're familiar with a search bar, minersdidit

02:06:46 minersdidit: already starting not to pay people out larger then a few K ammounts

02:07:06 Trader1333: @benkay who cares about trust, we use an escrow. cash deposit, moneypak, whatever method you need.

02:07:27 Trader1333: i dont come on IRC after i got thrown out for basically buying and wouldnt accept the chatroom's escrow.

02:07:31 Trader1333: then got called a scammer and such.

02:07:40 benkay: good plan

02:07:45 benkay: run up into a foreigners bar

02:07:47 minersdidit: then what escrow did you want to use?

02:07:50 Trader1333: i only use members of bitcointalk such as DannyHamilton, Tomatocage, escrow.ms, etc.


02:07:59 minersdidit: fellow scammers

02:07:59 benkay: get beat

02:08:04 benkay: "THEY'RE MEAN!"

02:08:08 MGK: who are you on bitcointalk forum?

02:08:09 Trader1333: LOL scammers. what a joke.

02:08:53 danielpbarron: everyone is a scammer if you give them enough time or money.. except me! you can trust me

02:09:03 Trader1333: does anyone know a place in BTC that sells futures for BTC price?

02:09:14 minersdidit: mpex

02:09:15 Trader1333: i need a way to lock in prices when i buy or get buy order fulfilled.

02:09:18 Trader1333: hm

02:09:27 minersdidit: mircea will sell you anything but good luck ever getting out of the trade.

02:09:30 TestingUnoDosTre: bitforex

02:09:39 TestingUnoDosTre: scamtopia

02:09:41 Trader1333: i have no interest in getting out of the trade.

02:09:51 Trader1333: im looking for a way that i can preserve my USD investment value.

02:10:01 MGK: lol

02:10:05 minersdidit: mpex will sell you put options

02:10:09 Trader1333: i buy BTC on coinbase and want the same USD value come friday whether the value of BTC has gone up 100% or down to $1.

02:10:23 TestingUnoDosTre: *for a preciious premium

02:10:31 minersdidit: lol nobody sane will do that

02:10:42 minersdidit: hence why mpex options failed

02:11:08 Trader1333: personally i see BTC dropping to $100 anyways

02:11:31 Trader1333: but like i said, i am not an investor in BTC at anything over $100. im only a mover.

02:12:18 Trader1333: i need constant BTC coming in which is what is slowing things down right now as this stupid bullshit pyramid scheme basically market was quickly raised to $1100 and now people think itd actually go back, ha.

02:12:20 minersdidit: benkay is a player

02:12:26 benkay: ?

02:12:39 benkay: more like a clown

02:12:42 Trader1333: Pump and dump and everyone fell for it and people still fail to see itl lol.

02:12:50 benkay: court jester, if you will.

02:13:29 mircea_popescu: BCB no ?

02:13:56 BCB: mircea_popescu, linked above

02:14:10 Trader1333: Popescu do you offer a way I can hedge a BTC purchase I make every week on Monday so that it remains the same USD value whether it goes up or down...a futures contract if you will.

02:14:18 mircea_popescu: Trader1333 probably not. you have no wot and generally, nobody gives a shit.

02:14:39 minersdidit: mircea you have a WOT and you still scam

02:14:46 minersdidit: whats that got to do with anything lol

02:14:57 Trader1333: dont care about WOT willing to meet in person if need be and sign contract binding my car to failure to pay. i buy 5 BTC weekly or $2500 every week, month to month contracts.

02:15:07 minersdidit: lol

02:15:08 Trader1333: car worth 3x that.

02:15:25 TestingUnoDosTre: where is your moms house / where do you live Trader1333?

02:15:26 mircea_popescu: you'll pay whatever it costs whenever you find anyone willing to sell yoiu some. if you ever do.

02:15:33 Trader1333: DC

02:15:56 TestingUnoDosTre: sorry no can do, I'm midwest mang

02:15:58 Trader1333: hell ill escrow the following week's payments too.

02:16:13 TestingUnoDosTre: I only deal in straight cash, homay

02:16:28 Trader1333: not against escrow, just wish i had options. i would use coinbase instant buy but they changed their bullshit to only being visa credit cards for backing the account.

02:16:35 Trader1333: i only have mastercard credit cards.

02:16:44 Trader1333: as do i testing.

02:16:46 TestingUnoDosTre: go to bitcoin-otc

02:17:13 danielpbarron: he probably got banned from there already

02:17:15 minersdidit: mircea_popescu: comment on development team

02:17:16 Trader1333: $2400 cash in hand last 4 days and willing to buy BTC at bitstamp +1% and have it in hand same day. Its impossible. When market rising and things good could find it all the time.

02:17:28 thestringpuller: Trader1333: get in the WoT dude...

02:17:32 thestringpuller: stop being a n00b

02:17:34 TestingUnoDosTre: bitstamp +1% isn't even a deal

02:17:38 mircea_popescu: BCB what's unclear to me is why are any of those three people qualified to opine on regulation.

02:17:44 MGK: you sound like a total scammer

02:17:52 benkay: plus cash sucks, Trader1333, gotta go with moneypak

02:17:56 minersdidit: thickasthieves and goat are on WOT

02:17:57 Trader1333: Do tell MGK how i sound AT ALL like a scammer.

02:17:58 minersdidit: both are scammers

02:18:00 Trader1333: i want to hear this.

02:18:07 Trader1333: i say escrow, i say next week's payment in advance and all.

02:18:12 Trader1333: do tell HOW AM I A SCAMMER.

02:18:12 thestringpuller: minersdidit: how is ThickAsThieves a scammer?

02:18:16 Trader1333: do tell mgk you little prick.

02:18:26 minersdidit: he was hawking all sorts of garbage

02:18:29 Trader1333: you want to run your mouth and u dont know me.

02:18:31 thestringpuller: ;;gettrust ThickAsThieves

02:18:31 minersdidit: with his TATinvestments

02:18:32 gribble: WARNING: Currently not authenticated. Trust relationship from user thestringpuller to user ThickAsThieves: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=thestringpuller&dest=ThickAsThieves | WoT data: http://b-otc.com/vrd?nick=ThickAsThieves | Rated since: Sat Mar 2 11:19:18 2013

02:18:57 benkay: kinda weak wot.

02:19:12 MGK: trader1333 scamming since 1994

02:19:12 Trader1333: does bitsimple accept any other methods besides bank wire? i'd use them all day if there wasnt that stupid bank wire fee.

02:19:16 minersdidit: TAT was mirceas nigger for a bit before going off on his own and hawking the latest scams

02:19:46 Trader1333: oh really? wheres that number come from u nit?

02:19:46 minersdidit: lol MGK

02:20:37 thestringpuller: minersdidit: he reapid XBOND, people made that a bubble and ruined it

02:20:50 minersdidit: hes a nigger

02:20:55 thestringpuller: so are you

02:21:30 benkay: IMPASSE

02:21:31 BCB: mircea_popescu, someon has to do it. Speculating about bitcoin is a cottage industry

02:21:37 mircea_popescu: aok.

02:23:48 MGK: BCB buy this MS65 1BTC coin from me I got from NightOwl

02:26:32 TestingUnoDosTre: why the fuck would anybody buy "physical" bitcoin

02:26:39 mircea_popescu: novelty

02:26:44 BCB: an they I love physical bitcoin.

02:26:50 BCB: There are some nice ones out there

02:27:00 TestingUnoDosTre: they literally can be stolen

02:27:03 BCB: But I already have too many

02:27:19 danielpbarron: I almost did and then the next day some hacker figured out a way to get the key without ruining the sticker

02:27:30 BCB: The Silver Bitcoin Wallets are nice

02:27:35 MGK: yeah I sold a .5 to blazedout and looking to sell this one too

02:27:55 MGK: but this ones in a ANAC case

02:28:01 BCB: I only collect 10 and 100 BTC coins

02:28:13 BCB: perferably gold

02:33:21 assbot: [MPEX] [S.MPOE] 15474 @ 0.00095701 = 14.8088 BTC [-] {2}

02:34:10 minersdidit: which ones BCB

02:35:34 BCB: mostly casascius coin. I have a few Titians and a Silver Wallet.

02:36:30 minersdidit: whatever happened to darkwallet?

02:37:55 MisterE: *sigh* gonna be a long log to catch up on today :)

02:38:09 minersdidit: gavin decided to jump ship

02:38:13 MisterE: TestingUnoDosTre: numismatic value :p

02:38:51 Duffer1: misere you can probably skip the bit where minersdidit starts talking up through now, nothing of value imo

02:38:58 TestingUnoDosTre: is that like the value of the penny after they stopped using copper?

02:39:14 Duffer1: mistere.. dat frued slip do

02:39:25 MisterE: haha, both of you

02:39:28 MisterE: :)

02:39:58 minersdidit: i thought this was suppose to be the smarter chat

02:40:06 minersdidit: instead the same shills repeat the same lines

02:40:09 Duffer1: we can't all be beuatiful

02:40:15 Duffer1: or good spellers

02:40:40 MisterE: probably have more holdings tho :p

02:40:54 MisterE: I know terrible metric

02:41:30 minersdidit: core developers killed bitcoin imo

02:41:37 minersdidit: losers make losers

02:42:15 MisterE: trollol

02:42:41 minersdidit: http://fraudsters.com/2014/the-sins-of-the-group-of-posers-behind-the-so-called-bitcoin-foundation/?utm_source=twitterfeed&utm_medium=twitter

02:42:42 ozbot: The sins of the group of posers behind the so called “Bitcoin Foundation” pe fraudsters - Un blog d

02:42:45 TestingUnoDosTre: wheres the ignore button

02:43:03 mircea_popescu: TestingUnoDosTre /ignore nick ALL

02:43:15 MisterE: *!*

02:43:22 TestingUnoDosTre: hahaha

02:43:23 minersdidit: Deliberately and quite maliciously tried to meld the BleedingHeart openssl vulnerability into the Bitcoin code. The move seemed bizarre at the timei, seeing how there was exactly zero need and pretty much epsilon benefit of implementing such kludge, and given that everyone with a clue involved pretty much agreed PKI is broken beyond repair anyway. To properly understand the implications of this : NSA has had, for two years

02:43:38 MisterE: trollharder.jpg

02:43:57 MisterE: minersdidit: they would really benefit from your wealth of knowledge in the BTCe chatbox

02:44:05 minersdidit: go away

02:44:06 TestingUnoDosTre: hahaha

02:44:08 Duffer1: lmao

02:44:29 MGK: all honesty bitcoin is stupid slow

02:44:32 assbot: [HAVELOCK] [CBTC] 15000 @ 0.000145 = 2.175 BTC [-] {3}

02:45:01 TestingUnoDosTre: in all honesty, stocks are stupid slow

02:45:22 TestingUnoDosTre: it takes me lieeeeeek 3 days to sell it and get fiat to my bank

02:45:33 benkay: real world is slow anyways

02:45:38 MGK: it takes like 3 days for me to send bitcoin

02:45:55 minersdidit: great article by mircea

02:45:56 TestingUnoDosTre: you need to upgrade your subscription to aol

02:46:02 MisterE: MGK: stop being a tight ass and include some tx fee it will be instant

02:46:09 MisterE: lol AOL

02:46:10 MGK: yeah I cashed out from ghash 30mins ago

02:46:49 danielpbarron: bitcoin is slow????? try getting your FIAT in 30 minutes

02:47:09 MisterE: you can, Western Union but you will pay dearly for it

02:47:12 MGK: if btc was so great I wouldnt need FIAT

02:47:14 mircea_popescu: sepa is about five minutes.

02:47:42 danielpbarron: if you need FIAT then why do you want BTC??

02:47:46 minersdidit: it depends where you send WU too

02:47:58 minersdidit: to some places its cheap

02:47:59 MisterE: true there is also SWIFT

02:48:11 minersdidit: lol go send btc in 5minutes to someone you cant even locate it in a city

02:48:17 minersdidit: 20% atm fee and palm print

02:48:36 danielpbarron: minersdidit: that's still FIAT

02:48:45 TestingUnoDosTre: pretty sure I can send btc without an atm or a palm print

02:48:52 minersdidit: go get one i said.

02:48:56 MisterE: btc finds them wherever they go with their wallet

02:48:57 danielpbarron: Bitcoin doesn't require a palm print; that's FIAT's doing

02:49:07 minersdidit: no thats just stupid nerds and robocoins doing

02:49:23 minersdidit: WU does not ask for a palm print lol

02:49:45 MGK: last block mined was 1hr 13min ago

02:49:46 MGK: lmao

02:49:48 danielpbarron: WU charges like 16 bucks

02:49:51 MGK: bitcoins dead yo

02:50:04 minersdidit: danielpbarron yea and localbitcoins has like a 3-10% spread.

02:50:22 minersdidit: nobody earns a bitcoin income other then miners

02:50:36 danielpbarron: you keep criticizing Bitcoin for FIAT's problems

02:50:38 assbot: [HAVELOCK] [AM100] 100 @ 0.00583999 = 0.584 BTC [-]

02:50:48 minersdidit: no im criticizing it for bitcoins problems

02:50:55 minersdidit: how can you get any if 80% of them are held by 50 people

02:51:09 MisterE: you've yet to articulate an accurate problem that I've seen

02:51:12 *: danielpbarron slaps himself

02:51:22 MisterE: they are infinitely divisible

02:51:30 minersdidit: even if you offer services and producers youll never get any customers

02:51:38 minersdidit: since nobody has them in the first place lol

02:51:44 minersdidit: products*

02:51:56 MGK: LOL

02:52:02 MisterE: you're probably right

02:52:05 TestingUnoDosTre: holy shit 1 hr 13 minutes

02:52:14 MisterE: no sense wasting your time here with a failed technology eh?

02:52:19 MisterE: how abotu moving along

02:52:19 MGK: I just said that testing

02:52:25 MGK: bitcoin is dead yo

02:52:38 danielpbarron: I wonder if a bunch of miners turned off their rigs with the price dip

02:52:44 MGK: I wish

02:52:50 minersdidit: why would they do that?

02:52:53 MGK: but that wont be the case ever

02:52:55 minersdidit: even at 360 its free money

02:53:01 TestingUnoDosTre: i hope so because I bet that it won't get over 9b in may :D

02:53:02 minersdidit: costs like $2 to mine a btc

02:53:07 MisterE: danielpbarron: thats exactly what happend

02:53:11 mircea_popescu: http://pando.com/2014/04/10/wtf-healbe-scampaign-reaches-1m-thanks-to-undisclosed-contribution-from-indiegogos-hardware-chief/

02:53:12 danielpbarron: it costs electricity, minersdidit

02:53:13 ozbot: WTF? Healbe scampaign reaches $1m thanks to undisclosed contribution from Indiegogo’s hardware chi

02:53:16 mircea_popescu: indiegogo goes havelock lol

02:53:45 MGK: and GHAH mines the block

02:53:59 danielpbarron: minersdidit: there is a very predictable price point at which miners are better off buying BTC rather than buying electricity to mine

02:54:43 minersdidit: danielpbarron: you are clueless. producing an ASIC costs nothing, just becuase some scam companies sell them to retail tards for 20,000% markup does not mean they cost alot to make. the concentrated miners are producing BTC for next to free.

02:55:02 minersdidit: some tard in his basement maybe has high costs

02:55:13 minersdidit: the big operations dont

02:55:16 danielpbarron: minersdidit: right, but that has nothing to do with operating costs

02:55:27 minersdidit: the operating costs are 2 dollars a coin and you sell for 370

02:55:32 minersdidit: its not rocket science lol

02:55:37 minersdidit: to a "believer"

02:56:14 minersdidit: tard trades paycheck for what a miner produced out of thin air

02:57:36 minersdidit: only reason mining hardware is sold in the first place is because of the 20,000% markups and you get straight up fiat without having to mine BTC first then do the pain in the ass conversion

02:57:52 minersdidit: so its like you already mined the rewards when you sell hardware

02:58:08 danielpbarron: hey i'm not saying mining isn't scammy

02:58:18 minersdidit: now think about that lol

02:58:27 minersdidit: its like selling call options all day

02:58:32 danielpbarron: i think buying mining equipment is stupid

02:58:41 Duffer1: i'm trying not to, everything you've said is so wrong in so many ways it's giving me a headache

02:58:48 minersdidit: yea sure

02:59:09 TestingUnoDosTre: it's true though

02:59:12 minersdidit: tards labor away and get their paycheck to hand over to ASK side. you know someone has to be selling BTC for fiat. if its the "future" why are they selling it

02:59:26 minersdidit: miners are on the ask side since they are the only ones with BTC incomes

02:59:34 TestingUnoDosTre: please perform a calculation with known hardware at current difficulty and electricity costs minersdidit

02:59:46 danielpbarron: my income is BTC denominated

02:59:47 assbot: [MPEX] [S.MPOE] 12100 @ 0.00095807 = 11.5926 BTC [+] {2}

02:59:50 minersdidit: dude that calculation is meanigless because half these asics cost jackshit

02:59:56 danielpbarron: trying to start a Bitcoin business lol

02:59:58 minersdidit: the power consumption is low

03:00:05 Duffer1: also calculate how much is being sold vs how much isn't

03:00:08 TestingUnoDosTre: I know algebra is difficult

03:00:11 minersdidit: people are producing coins for free

03:00:14 minersdidit: next to free

03:00:21 danielpbarron: you are totally wrong there, minersdidit

03:00:27 minersdidit: retail tards have to make back their equipment they paid 20,000% markup for

03:00:34 TestingUnoDosTre: it's TOTES for free

03:00:41 danielpbarron: right, miners are dumb, we agree there

03:00:49 minersdidit: retail end miners are stupid

03:00:58 minersdidit: guys who get asics for pennys are smart

03:01:06 danielpbarron: yes, again, i agree

03:01:19 minersdidit: even they realized its better to sell for fiat at 20,000% profit then mining BTCs lol.

03:01:49 danielpbarron: they might even have used that 20000% markup to buy BTC

03:01:54 minersdidit: um no

03:02:01 minersdidit: they buy cars, houses, business's

03:02:10 danielpbarron: good for them, they deserve it

03:02:29 minersdidit: well stockholm syndrome 101

03:02:50 assbot: [MPEX] [S.MPOE] 800 @ 0.00095686 = 0.7655 BTC [-]

03:02:50 assbot: [HAVELOCK] [B.MINE] 27 @ 0.03417221 = 0.9226 BTC [-] {11}

03:02:52 minersdidit: tards think they are participating or buying a piece of "technology" lol all they are doing is transfering wealth from 1 party to another

03:03:17 TestingUnoDosTre: now you're just going all minarchist on us

03:03:36 minersdidit: ask yourself whose on the sell side when 50 people own almost all the coins?

03:03:51 assbot: [HAVELOCK] [PETA] 20 @ 0.05141349 = 1.0283 BTC [-] {5}

03:03:52 TestingUnoDosTre: you could say the same thing about... anything with value

03:04:07 TestingUnoDosTre: does everyone own equal amounts of oil

03:04:11 TestingUnoDosTre: how about gold

03:04:13 TestingUnoDosTre: real estate?

03:04:18 minersdidit: oil gets consumed

03:04:27 minersdidit: bitcoin has zero utility outside of its EXCHANGE value.

03:04:37 minersdidit: everything youve named has utility outside of exchange

03:04:38 TestingUnoDosTre: same thing with DOLLARS

03:04:48 minersdidit: dollars are needed to pay debts off

03:04:55 danielpbarron: (read: taxes)

03:04:55 TestingUnoDosTre: and gold?

03:05:09 TestingUnoDosTre: please explain the great utility of gold to me

03:05:11 minersdidit: gold is special because it has a high stock to flow ratio

03:05:16 danielpbarron: BTC is needed to pay BTC debts off

03:05:20 minersdidit: no other commodity has that property

03:05:30 benkay: what suckers have btc debts?

03:05:31 minersdidit: ie in 24hrs more gold is traded then mined in a given year

03:05:40 danielpbarron: wait what? gold is good for the same reason Bitcoin is bad??

03:05:43 minersdidit: so you never have supply surprises

03:05:52 benkay: give it 80 years, and bitcoin will be in the same position.

03:05:53 assbot: [HAVELOCK] [PETA] 33 @ 0.05020911 = 1.6569 BTC [-] {5}

03:05:54 minersdidit: bitcoin has no value outside of exchange

03:06:01 minersdidit: you cant do anything with a btc

03:06:13 benkay: 'cept of course send it to someone in argentina

03:06:20 [\]: can't do anything with a dollar

03:06:21 benkay: or colombia

03:06:22 minersdidit: if theres no liquidity the price collapses like now

03:06:26 TestingUnoDosTre: you seriosuly can't do much with gold

03:06:32 TestingUnoDosTre: sersly

03:06:34 minersdidit: you cant do ANYTHING with btc

03:06:38 minersdidit: its not even something.

03:06:46 minersdidit: if theres no exchange liquidity the value tanks like now

03:06:51 TestingUnoDosTre: actually

03:07:01 TestingUnoDosTre: you can verify a certain hash of a file at a given time

03:07:10 nubbins`: ;;ticker

03:07:11 gribble: Bitstamp BTCUSD ticker | Best bid: 355.68, Best ask: 356.89, Bid-ask spread: 1.21000, Last trade: 356.89, 24 hour volume: 61196.03807026, 24 hour low: 339.79, 24 hour high: 436.06, 24 hour vwap: 389.993712597

03:07:12 minersdidit: lol

03:07:12 TestingUnoDosTre: and you can send a message

03:07:13 nubbins`: lel

03:07:15 MisterE: god has some industrial uses too

03:07:19 nubbins`: dat rate


03:07:23 MisterE: it's being consumed slowly

03:07:25 benkay: holy fuck that's a descent rate

03:07:36 minersdidit: bitcoin has zero useage outside of its liquidity pool

03:07:41 nubbins`: TestingUnoDosTre: once is fine, spamming with it isn't ;)

03:07:49 [\]: who's the guy that keeps repeating the same statement over and over

03:07:54 [\]: oh, that's right, the troll

03:08:01 minersdidit: oh look dumbass is here

03:08:08 minersdidit: go back to #bitcoin

03:08:09 *: nubbins` yawns

03:08:19 [\]: oh look, jackass that has to name himself after his argument so he doesn't forget

03:08:24 akstunt600: hahha [\\\] hey [\\\]

03:08:31 Duffer1: his earlier talk about quantum economics gave me hope of interesting discussion, i was dissapointed

03:08:37 minersdidit: gmaxwell let you out of the basement today?

03:08:42 TestingUnoDosTre: lol

03:08:46 [\]: minersdidit, gmaxwell has nothing to do with me

03:08:48 danielpbarron: lol, quantum economics

03:08:52 [\]: gladd to see you still have a mancrush

03:08:53 minersdidit: arent you his bitch

03:08:54 TestingUnoDosTre: laughing at duffer, for the record

03:08:56 assbot: [HAVELOCK] [PETA] 50 @ 0.04918049 = 2.459 BTC [-] {4}

03:09:02 Duffer1: hehe

03:09:17 [\]: ...No.

03:09:35 [\]: I do what I want, when I want. gmaxwell and I have no affiliation.

03:09:37 TestingUnoDosTre: what caused the flood of retard into this channel today?

03:09:50 minersdidit: whose taking bets on when the bitcoin core has another security fuckup

03:09:53 [\]: TestingUnoDosTre, its easy to be a bear when there's a downtrend.

03:09:58 [\]: They all disappear during the bull markets.

03:09:58 MisterE: The troll is strong here today, must be the exchange price has brought it out

03:10:17 danielpbarron: i've never even used Bitcoin Core; who cares

03:10:17 MisterE: ^ that

03:10:18 Duffer1: testing i was thinking it was one of the talk twitter heads mircea_popescu pissed off..

03:10:19 [\]: TestingUnoDosTre, MisterE, the trolls usually come out about now.

03:10:35 [\]: if you've been around for a few years, you notice the pattern.

03:10:40 minersdidit: hopefully this bear market leads to most of the devoplment team leaving. gavin going is a positive step

03:10:45 minersdidit: then we can make a decent bottom

03:10:49 akstunt600: wait untill newfag season

03:10:55 MisterE: this is my first dip with the #-assets crew :)

03:10:56 Duffer1: i actually hope the same thing miners

03:10:57 [\]: Gavin hasn't left. He's just not the lead dev.

03:10:58 assbot: [HAVELOCK] [PETA] 35 @ 0.04811428 = 1.684 BTC [-] {3}

03:10:59 MisterE: fun fun

03:11:01 [\]: MisterE, I'm sorry.

03:11:05 TestingUnoDosTre: <MisterE> samesies

03:11:08 benkay: by my count we're solidly in the middle of september, akstunt600

03:11:10 MisterE: wish it happened more often heh

03:11:16 akstunt600: hahahhaha benkay

03:11:35 minersdidit: this bear market wont end until most of the core developmeant team is gone and btc foundation closed

03:11:43 MisterE: oh newfag season must be even teh worst

03:11:49 TestingUnoDosTre: please don't associate those two entities together

03:11:50 [\]: lol

03:11:51 MisterE: never even thought of it

03:11:57 minersdidit: why not

03:12:03 minersdidit: its the same group of people

03:12:03 danielpbarron: idk, i like a lot of what minersdidit says

03:12:05 [\]: the ignore list grows by one

03:12:11 TestingUnoDosTre: it's like comparing the Winkelvii brothers with satoshi

03:12:22 benkay: core dev team and btc fundation are pretty tightly aligned

03:12:26 minersdidit: satoshi left because he realized the fucktards in the project and didnt want anything to do with them

03:12:28 MisterE: yea minersdidit is clearly not dumb

03:12:38 nubbins`: who's satoshi?

03:12:44 TestingUnoDosTre: touche

03:12:45 benkay: who's nubbins` ?

03:12:47 [\]: minersdidit, quotation needed.

03:12:48 nubbins`: oooooo

03:12:56 benkay: ka-zong

03:12:57 nubbins`: who IS me?

03:13:03 benkay: who even ams you!

03:13:04 MisterE: Satishi Whogivesafuck

03:13:05 TestingUnoDosTre: ;;whoami

03:13:06 gribble: I don't recognize you.

03:13:07 [\]: where did satoshi ever call Gavin a fucktard?

03:13:09 TestingUnoDosTre: :(

03:13:17 minersdidit: when he left

03:13:22 [\]: In fact, satoshi was the one that gave Gavin rights.

03:13:24 minersdidit: hence the leaving.

03:13:24 [\]: herpderp

03:13:41 minersdidit: gavin has been a disaster ever since fork, constant patches and fucked up releases

03:13:43 [\]: You've got your info wrong, in traditional troll fashion.

03:13:47 minersdidit: .9 lasted what 48hrs?

03:13:54 [\]: but who needs facts

03:13:55 minersdidit: before being exploitable

03:14:06 MisterE: minersdidit: why don't you code someting better

03:14:07 Duffer1: do you have any bitcoins minersdidit?

03:14:07 TestingUnoDosTre: has anyone been keeping tabs on any satoshi addesses, is s/he to blame for this downtrend?!?!?!

03:14:11 MisterE: easy to rip on others

03:14:13 [\]: .9 was barely exploitable.

03:14:17 MisterE: not so to create solutions

03:14:22 minersdidit: yea it lasted 2 days before .91

03:14:25 *: danielpbarron was completely uneffected by the "exploit"

03:14:35 [\]: and 2/3 of the internet was hit by it.

03:14:47 minersdidit: why was it in the software in the first place

03:14:49 [\]: so to make a fuss becaues bitcoin was caught is rather stupid

03:14:55 [\]: because RPC over SSL isn't a bad thing.

03:14:56 minersdidit: http://fraudsters.com/2014/the-sins-of-the-group-of-posers-behind-the-so-called-bitcoin-foundation/?utm_source=twitterfeed&utm_medium=twitter

03:14:56 ozbot: The sins of the group of posers behind the so called “Bitcoin Foundation” pe fraudsters - Un blog d

03:15:05 minersdidit: best article on the topic

03:15:15 Duffer1: do you have any bitcoins minersdidit?

03:15:21 danielpbarron: minersdidit: because a bunch of the devs are sucking up to FIAT and are trying to make Bitcoin jive well with the old system

03:15:24 minersdidit: no i sold months ago

03:15:26 TestingUnoDosTre: <---- lost all his bitcoins to Ukranian videochatters in 2010

03:15:33 [\]: Its easy to pull out quotes that are right when you make thousands of them. how about you point out all the quotes that were wrong?

03:15:38 minersdidit: whenever i saw bitcoin foundation mugs i knew i was doing the right thing

03:15:41 [\]: shittons of false claims

03:15:53 [\]: keep making claims until one comes true

03:15:56 [\]: ala jesus

03:16:02 TestingUnoDosTre: lol

03:16:06 minersdidit: go back to your basement dude

03:16:08 danielpbarron: can't say I don't wish I sold months ago

03:16:09 minersdidit: gmaxwell awaits

03:16:16 [\]: woah, did I outtroll the troll?

03:16:18 [\]: I think I did

03:16:21 TestingUnoDosTre: speaking of jesus... who's celebrating his resurrection this year with a fatty?

03:16:22 minersdidit: the fact is the developmeant team are tards and amateurs

03:16:23 [\]: since he had to go back to his gmaxwell boner

03:16:24 mircea_popescu: TestingUnoDosTre no way they took btc in 2010 ?!

03:16:54 mircea_popescu: [\\\] dude you come on like once a year and then to argue with my ignore list. wtf is this.

03:16:57 [\]: mircea_popescu, isn't it past your bedtime?

03:17:00 [\]: :p

03:17:04 assbot: [HAVELOCK] [PETA] 10 @ 0.048 = 0.48 BTC [-]

03:17:09 [\]: mircea_popescu: ikr

03:17:14 [\]: its the same troll

03:17:16 [\]: different nick

03:17:20 [\]: its cute , almost

03:17:25 benkay: must be spring break

03:17:44 [\]: probably some butthurt litecoin miner

03:17:45 benkay: tib, don't you have skirt to chase?

03:17:57 MisterE: Ukrainian cam girls on the BTC bleeding edge TestingUnoDosTre? I missed the golden age :/

03:18:42 TestingUnoDosTre: <mircea_popescu> ok maybe it didn't happen. just remembered someone posting an old scam of some person scamming for some allaged underage european chicks accepting bitcoin for videochat

03:18:55 mircea_popescu: wasn't that... taaki ?

03:19:01 mircea_popescu: [\\\]'s other gf ?

03:19:07 TestingUnoDosTre: please pull up the article... it was hilarious

03:19:11 MisterE: plot thickens

03:19:33 *: [\\\] sets mode: +r

03:20:00 mircea_popescu: https://bitcointa.lk/threads/erotic-chat-by-skype.2703/?

03:20:08 TestingUnoDosTre: YESSSSSS

03:20:39 TestingUnoDosTre: anything goes!!!

03:20:45 mircea_popescu: guy's not russian, he just has some skin condition.

03:21:08 assbot: [HAVELOCK] [PETA] 44 @ 0.0447519 = 1.9691 BTC [-] {4}

03:22:09 assbot: [HAVELOCK] [B.MINE] 35 @ 0.02818544 = 0.9865 BTC [-] {15}

03:22:10 assbot: [HAVELOCK] [B.SELL] 3 @ 0.0485 = 0.1455 BTC [+] {2}

03:23:58 TestingUnoDosTre: this chat returned to normalcy after I ignored minersdidit :(

03:24:35 Duffer1: he stopped talking :P

03:24:46 akstunt600: TestingUnoDosTre, Oh good it wasnt just you

03:24:48 benkay: wait 'till minersdiditi through minersdiditxiv show up

03:24:56 akstunt600: He was ...... interesting

03:25:03 TestingUnoDosTre: hahhaha

03:25:03 akstunt600: fuck

03:25:12 assbot: [HAVELOCK] [B.SELL] 6 @ 0.0463675 = 0.2782 BTC [-] {3}

03:25:14 assbot: [HAVELOCK] [B.MINE] 11 @ 0.025 = 0.275 BTC [-] {2}

03:25:24 [\]: see you in a year

03:25:32 TestingUnoDosTre: noooo!

03:25:35 minersdidit: later scumbag

03:25:46 akstunt600: hahhahha

03:26:06 [\]: akstunt600: so much more fun than pricetalk, eh?

03:26:13 assbot: [HAVELOCK] [B.SELL] 13 @ 0.04547002 = 0.5911 BTC [-] {5}

03:26:14 assbot: [HAVELOCK] [CBTC] 4827 @ 0.00014999 = 0.724 BTC [+] {2}

03:26:16 akstunt600: yes

03:26:23 akstunt600: and more intelligible convos

03:26:26 akstunt600: I love it

03:26:59 MisterE: "exchanger_006: is it a good time to buy now guys? its looking like a huge pump?" // exchanger_006, Just burn your money you will at least get some BTUs out of it that way.

03:27:10 TestingUnoDosTre: alright but one thing he did mention that I was picturing last night was http://en.wikipedia.org/wiki/Stock_and_flow

03:27:14 assbot: [HAVELOCK] [SFI] 805 @ 0.00079999 = 0.644 BTC [+] {2}

03:27:15 assbot: [HAVELOCK] [B.MINE] 24 @ 0.025 = 0.6 BTC [-] {2}

03:28:15 assbot: [HAVELOCK] [SFI] 179 @ 0.00084998 = 0.1521 BTC [+] {2}

03:28:16 assbot: [HAVELOCK] [AM1] 1 @ 0.58998 BTC [+]

03:29:16 assbot: [HAVELOCK] [B.SELL] 7 @ 0.04500003 = 0.315 BTC [-]

03:29:17 assbot: [HAVELOCK] [B.MINE] 10 @ 0.025 = 0.25 BTC [-]

03:29:18 assbot: [HAVELOCK] [RENT] 325 @ 0.0075 = 2.4375 BTC [+]

03:29:59 MisterE: ;;later tell minersdidit http://imgur.com/gallery/LdXYO9d

03:29:59 gribble: The operation succeeded.

03:30:20 TestingUnoDosTre: hahahahah

03:30:23 minersdidit: lol

03:31:30 MisterE: :)

03:32:34 TestingUnoDosTre: I want to buy more bitcoin, but I was a tid bit too impatient over the last couple weeks. Thoughts, words, advice?

03:33:41 minersdidit: dont

03:34:21 assbot: [HAVELOCK] [AM1] 2 @ 0.59 = 1.18 BTC [+]

03:34:22 minersdidit: buy mpex stock instead

03:36:43 mircea_popescu: http://dpaste.com/1776187/

03:36:44 ozbot: dpaste: #1776187

03:36:48 minersdidit: buy mirceas role playing game lmao

03:36:49 mircea_popescu: srsly ? coincrack ?

03:37:56 minersdidit: http://www.eulorum.org/Eulora

03:37:57 ozbot: Eulorum

03:37:58 minersdidit: lol

03:38:31 minersdidit: http://www.eulorum.org/File:Eulora-004-ss2.jpg

03:38:36 minersdidit: 8months and thousands of btc later

03:40:51 Duffer1: i don't see a need to hate on eulora

03:41:10 minersdidit: well yea it was just a scam to take btc off people like all of mirceas listings

03:42:07 Duffer1: interesting

03:42:21 minersdidit: you must be new

03:42:58 Duffer1: that's unfortunately true

03:47:43 TestingUnoDosTre: can't believe I never have watched Huobi on bitcoinwisdom... this is like btcCrack

03:48:53 minersdidit: most of its volume is fake

03:49:01 MisterE: heh fake orders are fake

03:49:09 MisterE: they get pulled so much

03:49:19 MisterE: 750k LTC in 30 min yea right!

03:49:42 minersdidit: bobby lees brother runs it doesnt he

03:49:56 minersdidit: the troll who spawned litecoin

03:49:59 steven-__: btc china guys brother made ltc

03:50:03 MisterE: thoght bobby did

03:50:13 minersdidit: yea asians

03:50:16 minersdidit: theyll copy anything

03:50:24 MisterE: haha so true

03:50:44 minersdidit: charlie lee is touted as some type of inventor becuase he copy and pasted bitcoins source code lol

03:50:51 akstunt600: http://www.reddit.com/r/litecoinmining/comments/22qr28/no_profit_there_may_be_a_way_through_market_cap/

03:50:53 akstunt600: lol at that

03:50:58 akstunt600: i had to comment

03:51:31 akstunt600: ohhh minersdidit i think your touching on one of my theories

03:51:38 assbot: [MPEX] [S.MPOE] 9155 @ 0.00096132 = 8.8009 BTC [+] {2}

03:51:43 minersdidit: whats that

03:51:44 akstunt600: I think okcoin and huobi are in on it with CB

03:51:58 akstunt600: well less CB and more Charles lees

03:51:59 minersdidit: those arent even real exchanges

03:52:01 akstunt600: and others

03:52:06 akstunt600: like caleb chen etc

03:52:21 akstunt600: minersdidit, thats wha im saying they are gibling up cheap coins

03:52:25 minersdidit: the real exchanges on bitcoin have no volume

03:52:30 akstunt600: yup

03:52:58 minersdidit: bitstamp is another sham as well youll never get large $$ out of it

03:53:02 minersdidit: unless you an insider

03:53:06 akstunt600: heh

03:53:10 akstunt600: i use cryptsy

03:53:15 akstunt600: its small but it works

03:53:18 minersdidit: they dont have fiat

03:53:22 akstunt600: im small tho so its suiting

03:53:25 akstunt600: they will shortly

03:53:31 akstunt600: im stuuck on CB until then

03:53:35 MisterE: btce here

03:53:39 akstunt600: but again thats not even an exchange really

03:53:43 minersdidit: btce is alright

03:53:55 minersdidit: bitstamp is another mtgox in the making with those 2 scumbags running it imo

03:54:01 MisterE: for dodgy Bulgarians :p

03:54:07 akstunt600: hahhahah yup

03:54:20 *: danielpbarron has gone otc

03:54:35 minersdidit: dude otc is for people with 20 dollar trades

03:54:51 minersdidit: the fact that its 2014 and theres not a single reliable btc exchange that is safe

03:56:07 akstunt600: pretty ridiculous

03:58:04 minersdidit: wheres all the VC money too lol

03:58:18 akstunt600: its here

03:58:25 akstunt600: you wont see it on the exchanges tho

03:58:28 akstunt600: ;-)

03:58:56 minersdidit: what about the transmission payments to the poor african farmer

03:59:18 MisterE: Vodaphone processes most of those now

03:59:45 MisterE: moves most of the money via mobile phone for rural South Africans I was reading recently

04:00:04 MisterE: not the country but the continent

04:00:05 akstunt600: they trade phone card and minutes before bitcoin tho

04:00:14 MisterE: yes

04:00:36 MisterE: but people are looking at challenging them in that market using the BTC network for processing

04:00:37 MisterE: iirc

04:01:00 Duffer1: mpesa and kipochii

04:01:05 MisterE: as usual the fees are regressive for the poor who need it the most

04:01:53 HeySteve: Bitcoin is difficult to introduce to people with poor computing skills

04:01:57 minersdidit: um its not that easy to get money to a jungle in the middle of nowhere

04:02:14 minersdidit: bitcoin requires first world infrastructure

04:02:15 MisterE: sure it is if people beleve the text messages

04:02:22 MisterE: so does fiat

04:02:24 mircea_popescu: arguable if the very poor need it more than the not-as-very-poor anyway

04:02:49 assbot: [MPEX] [S.MPOE] 15650 @ 0.0009623 = 15.06 BTC [+]

04:02:52 HeySteve: cellular infrastructure in africa is surprisingly good

04:02:56 minersdidit: why would someone very poor want bitcoin? pretty sure digits on a computer are the least of their concerns

04:03:09 benkay: bitcoin for remittances is a decade early if you're talking about sending btc to farmers.

04:03:24 minersdidit: bitcoin cant work for remittances becuase you will always have slippage

04:03:33 minersdidit: you know the bid/ask spread

04:03:42 benkay: bitcoin for remittances might just work if you have good connections and keep your books totally dialed.

04:04:00 benkay: capitalize both offices with local fiat and local btc, keep track of how much it costs to replenish both coffers, adjust rate accordingly.

04:04:03 minersdidit: dude bitcoin is a product for the first world not some shithole

04:04:08 minersdidit: it requires access to bandwith

04:04:09 benkay: none of this real time exchange nonsense.

04:04:25 minersdidit: you seriously think some tribesman will have a 10TB hardrive to download the blockchain in a decade

04:04:53 MisterE: you don't need it you just keep their wallets secure for them the way Vodaphone manages their fiat balances

04:04:57 HeySteve: minersdidit, I realise you are just one of those people but in the interests of advancing the debate, light wallets do exist

04:04:59 minersdidit: and it brings up the question why would someone even want bitcoin lol

04:05:33 minersdidit: i understand cybercrime out of necessity

04:05:52 minersdidit: why would someone in africa want bitcoin?

04:06:22 HeySteve: profit

04:06:25 minersdidit: they dont have ID's to upload for KYC/AML to ever exchange it into the banking system

04:06:26 steven-__: why would someone in afrcia want m pesa

04:06:37 minersdidit: mpesa isnt bitcoin

04:06:44 benkay: over btc? no need to have a crazy blow stamp wallet.

04:07:04 minersdidit: btc requires like what 12gb of ram to run?

04:07:12 steven-__: thats just not true

04:07:12 minersdidit: and 100mbit internet to sync lol

04:07:21 HeySteve: no

04:07:23 minersdidit: yea you have to rely on lite clients

04:07:39 akstunt600: minersdidit, I dont think you understand currency in Africa

04:07:46 akstunt600: They use miinutes

04:07:49 minersdidit: currency in africa is AK47's, gold

04:07:51 akstunt600: like phone minutes

04:07:53 minersdidit: USD euro

04:07:55 MisterE: https://en.wikipedia.org/wiki/M-Pesa

04:07:55 akstunt600: lolol

04:07:55 ozbot: M-Pesa - Wikipedia, the free encyclopedia

04:07:59 kanzure: nobody is transferring $1M using phone minutes

04:08:02 akstunt600: before mpesa

04:08:08 akstunt600: nooooo never

04:08:17 benkay: nobody outside of the insular btc bubble wants btc

04:08:29 kanzure: nobody outside the insular economics bubble wants money

04:08:31 HeySteve: yes, we trade AK47 bullets for elephant ivory, that's how things work here

04:08:38 MisterE: but they all want the processing network

04:08:47 benkay: there are great remittance plays to be made using btc to move money for people, but it involves taking fiat on one side and paying fiat out on the other

04:08:48 minersdidit: mpesa has a low fee rate compared to bitcoin

04:08:49 benkay: great news though

04:08:49 akstunt600: Yup, then came M-pesa

04:08:56 minersdidit: bitcoin fees are sky high once you factor in bid/ask spread

04:08:59 minersdidit: and the miner subsidy

04:09:00 benkay: you can trivially move money across the globe with bitcoin

04:09:01 akstunt600: beter than the dead curencies they had

04:09:21 minersdidit: 1m in africa is transfered with gold

04:09:22 HeySteve: just the other day I rode my elephant to the closest city with electricity so I could swap gold for bitcoin

04:09:28 minersdidit: lol

04:09:32 MisterE: :D

04:09:48 minersdidit: the funny part about bitcoin is even when you get it to connect to the "financial system"

04:09:54 minersdidit: you can never cash it out becuase youll be scammed

04:10:18 HeySteve: still, Bitcoin does need a push in emerging markets

04:10:24 minersdidit: seriously if i was in africa why would i submit my documents to 2 white idiots from a shithole in europe?

04:10:25 akstunt600: big time

04:10:30 akstunt600: we have far to users

04:10:39 minersdidit: bitcoin has too little users

04:10:40 akstunt600: we are in some sort of damn user stagnation

04:10:46 akstunt600: far to few

04:10:54 akstunt600: like 600-700k gloabaly

04:10:55 MisterE: some bad press lately

04:10:59 minersdidit: becuase its too costly to use when you factor in the miner subsidy and bid/ask spreads

04:11:01 akstunt600: it seems SOOO much bigger

04:11:02 MisterE: last few months has been a few things

04:11:13 minersdidit: you buy a bitcoin by the time you get to spend it its lost 5% of its value

04:11:18 minersdidit: from some miner

04:11:36 akstunt600: minersdidit, Stop trolling now

04:11:42 minersdidit: buy 1 BTC for 380, then sell for 365

04:11:45 akstunt600: I mine and do not dump

04:11:47 minersdidit: yep zero fees

04:11:52 akstunt600: miners need simple education

04:12:02 HeySteve: I am developing a currency with one of the goals being emerging market adoption

04:12:02 minersdidit: why? they respond to profits

04:12:05 akstunt600: and many pools can run at 0% fees

04:12:12 akstunt600: for transact

04:12:16 minersdidit: emerging market is a politically correct term for shithole

04:12:24 MisterE: HeySteve: I was just thinking about one to address carbon emissions

04:12:34 minersdidit: honestly some markets have been emerging for the last 3 centuries

04:12:39 minersdidit: like brazil etc

04:12:54 akstunt600: yeah and America is declinging and bowed toBrazil before IMF fucked them too

04:13:03 minersdidit: people have zero knowledge of history

04:13:12 minersdidit: they think "emerging" markets are late to the game or something lol

04:13:14 HeySteve: ok MisterE, how are you thinking of doing that?

04:13:34 minersdidit: well would you consider detroit an emerging market?

04:13:53 HeySteve: submerging maybe

04:14:08 akstunt600: its mix of both

04:14:09 MisterE: don't know, just an idea I had this morning and keeps nagging at me

04:14:17 minersdidit: even if you gave a african farmer bitcoins they would instantly lose them to guys like eric voorhees

04:14:19 minersdidit: with sdice

04:14:19 akstunt600: actually some of what is happening there is amazing

04:14:19 assbot: AMAZING COMPANY!

04:14:27 nubbins`: ;;bc,xau

04:14:29 gribble: 1 XAU = 1301.200000000000 USD = 3.41540238333 BTC

04:14:55 minersdidit: im still confused how bitcoin is suppose to help poor people

04:15:27 akstunt600: its cheaper than mepsa

04:15:29 akstunt600: DUH

04:15:31 akstunt600: omfg

04:15:31 minersdidit: no it isnt

04:15:37 akstunt600: WOW

04:15:38 steven-__: not yet

04:15:44 minersdidit: dude you dont look at indirect fees which are huge

04:15:54 akstunt600: what indirect fees?

04:15:54 minersdidit: bid/ask spreads, volatility etc.

04:16:01 minersdidit: when you buy a bitcoin theres a spread

04:16:07 akstunt600: i have never loooked at smsm and email for coins

04:16:13 MisterE: when you buy a dollar there is a spread

04:16:21 minersdidit: its very tiny

04:16:24 akstunt600: those arent fees

04:16:26 minersdidit: its not 3-10% lol

04:16:28 HeySteve: what if poor people could make profit mining crypto on their smartphones?

04:16:35 minersdidit: they are part of the transaction cost akstunt600

04:16:49 akstunt600: and btc is not yet a viable currency for any "poor" people

04:16:55 minersdidit: it never will be

04:16:57 MisterE: HeySteve: corps would have to shit that shit down ASAP

04:17:01 akstunt600: It can be

04:17:05 akstunt600: very easily

04:17:13 MisterE: 1st shit=shut*

04:17:18 minersdidit: why would you overheat a smartphone mining bitcoin dust

04:17:19 HeySteve: MisterE, I don't think so. they could get PR being a part of it

04:17:28 HeySteve: minersdidit, I said crypto not bitcoin

04:17:39 HeySteve: of course smartphones have no chance against asics

04:17:40 akstunt600: wow minersdidit that is a gorss misunderstanding

04:17:42 akstunt600: lol

04:17:42 minersdidit: why not go and add some real value you know like build yourself a home ?

04:17:44 minersdidit: in africa lol

04:18:00 minersdidit: do you realize mining crypto does nothing.

04:18:13 minersdidit: it does not speed up transfers or add new value

04:18:16 random_cat: none of us realizes anything

04:18:17 MisterE: everything does something

04:18:17 akstunt600: it processes transactions

04:18:19 akstunt600: WOW

04:18:24 minersdidit: it dilutes an existing liquidity pool

04:18:28 HeySteve: arguing with people over the interweb also does nothing and adds no new value, yet here we are

04:18:31 TestingUnoDosTre: very philosophical, <random_cat>

04:18:36 minersdidit: akstunt600 hashrate is useless past a certain point

04:18:41 MisterE: Steve +1

04:19:06 minersdidit: misterE mining crypto does nothing but dilute existing stock and deplete liquidity pools = high volatility like we have now.

04:19:07 MisterE: Obligatory XKCD https://xkcd.com/386/

04:19:10 HeySteve: if I earned money for interweb arguments though, I'd do it a lot more

04:19:13 TestingUnoDosTre: <HeySteve> it gets my rocks off

04:19:46 minersdidit: the best thing that could happen now is if the block reward somehow failed

04:20:24 akstunt600: WOW

04:20:30 akstunt600: no that would not be good

04:20:34 random_cat: somehow, minersdidit, that seems inferior to a blowjob

04:20:35 minersdidit: why

04:20:39 akstunt600: millions in infrastucture kaput

04:20:49 HeySteve: ha

04:20:51 minersdidit: theyd still earn fees

04:20:57 MGK: anyone want to play madden on xbox one for bitcoin?

04:20:58 akstunt600: yeah like all of nothing

04:20:58 minersdidit: just no more free coins

04:21:06 minersdidit: well yea for doing nothing.

04:21:09 akstunt600: minersdidit, they arent free

04:21:16 akstunt600: mniers are the mechanism for distributins

04:21:19 minersdidit: akstunt600 dude you are clueless.

04:21:24 akstunt600: minersdidit, so are you

04:21:26 akstunt600: :-P

04:21:40 minersdidit: its a horrible distribution method hence the insane volattilty we ahve

04:21:56 akstunt600: volatility is good

04:22:02 akstunt600: for a new thing

04:22:03 random_cat: what is a better distribution method, minersdidit?

04:22:06 akstunt600: and new tech

04:22:14 random_cat: >3 vol

04:22:23 random_cat: err.. yknwim

04:22:38 *: random_cat has been eating catnip

04:22:39 akstunt600: charts like check marks

04:22:45 akstunt600: hehhehe all of em

04:22:50 minersdidit: im a farmer in africa yep first thing to help my life is to download bitcoin core and sync the blockchain up

04:22:55 akstunt600: mainly btce

04:23:00 akstunt600: like perfect chack marke

04:23:04 minersdidit: part 2, watch andreas antonopolous videos

04:23:20 minersdidit: bitcoin mining does not conjure up capital lol

04:23:21 akstunt600: lol whay watch him

04:23:25 akstunt600: why*

04:23:38 akstunt600: minersdidit, wasnt supposed to

04:23:51 TestingUnoDosTre: how is it that it takes thousands of bitcoins sold to drop to 340, yet hundreds bought bring it back to 400?

04:24:00 keonne: good morning #bitcoin-assets

04:24:01 akstunt600: you seem to forget that this wasnt supposed to grow this fast in the way it did

04:24:01 minersdidit: becuase none are offered duh.

04:24:12 akstunt600: Asics came too soon

04:24:15 minersdidit: testingundostre dude you dont even know how markets function and you are commenting?

04:24:31 akstunt600: before enough coins were distributed

04:25:27 TestingUnoDosTre: <minersdidit> for some reason my shitty freenode client wouldn't allow me to ignore you, so I will infrequently acknowledge your existence

04:25:47 akstunt600: TestingUnoDosTre, its not shitty

04:26:00 akstunt600: just use /ignore username all

04:26:02 minersdidit: testingunodostre: dude im the most honest guy in here.

04:26:11 TestingUnoDosTre: honestly douchey

04:26:18 minersdidit: you are new and probably sitting on losses

04:26:21 akstunt600: minersdidit, is good troll who makes u think

04:26:24 akstunt600: ;-)

04:26:55 minersdidit: every market has 2 prices not one a bid and an ask.

04:27:11 TestingUnoDosTre: minersdidit makes me think I'm back in the days of AIM where someone has invented a bot to chat with you

04:27:14 minersdidit: the "price" you keep looking at is irrelevant because it merely reflects the last sale that occured its already history

04:27:28 akstunt600: hahahhahahhahahh TestingUnoDosTre

04:27:32 akstunt600: thos are fun

04:27:39 TestingUnoDosTre: quit trying to pull this Morpheus bullshit on me, I'm not retarded

04:27:42 akstunt600: but they arent this creative

04:27:54 minersdidit: this bear market has taken down alot of bitcoiners

04:28:01 minersdidit: mtgox. charlie shrem etc

04:28:02 dub: who the fuck unleashed -otc upon us

04:28:04 minersdidit: gavin stepping down

04:28:05 TestingUnoDosTre: I knew what a call option was before bitcoin existed

04:28:13 minersdidit: dub use ignore

04:28:35 TestingUnoDosTre: this command keeps failing me

04:28:43 minersdidit: like your life

04:29:52 MisterE: $40 swing in a could hours, almost like old days

04:29:53 TestingUnoDosTre: your lame attempts to make me riled up are like lullabyes sending me to sleep

04:29:55 MisterE: couple*

04:29:59 HeySteve: wow such sassy very internet points

04:30:35 HeySteve: minersdidit, presenting the bear case is one thing but being a pest is another

04:30:56 minersdidit: what bear case?

04:30:59 MisterE: thanks for entertainment while I wait for the water filter service tech

04:31:11 minersdidit: dude bitcoin is a sophisticated wealth transfer mechanism with a clever story

04:31:22 MisterE: minersdidit: get a new script

04:31:28 minersdidit: couple guys get rich everyone else remains poor

04:31:31 minersdidit: its not world changing lol

04:31:33 MisterE: you've added nothing new to the debate for like an hour now

04:31:41 random_cat: good morning, east asia

04:31:41 minersdidit: never knew there was a debate

04:32:44 minersdidit: 1 bitcoin transaction costs $21 in miner subisdies today

04:32:46 TestingUnoDosTre: random_cat, please drop some more confuscianisms on us

04:33:26 HeySteve: with any new technology, first-movers prosper. bitcoin doesn't have to make everyone in the world wealthy to succeed

04:33:28 minersdidit: https://blockchain.info/charts/cost-per-transaction

04:33:29 ozbot: Bitcoin Cost Per Transaction

04:33:39 minersdidit: this is why users are not coming in droves

04:33:41 HeySteve: to succeed, it just has to be better than the competition

04:33:46 minersdidit: miner revenue = network cost

04:33:59 minersdidit: you quickly realize youve got a highly inefficient network at play

04:34:17 minersdidit: paying millions per day for a few thousand users

04:34:18 MisterE: perceived better*

04:34:25 minersdidit: HeySteve its worse.

04:34:36 TestingUnoDosTre: 53 bitcoins on stamp = +5 price

04:34:54 dub: -assets gives zero fucks about btc/usd, please find some way to die all of you

04:35:02 HeySteve: how is bitcoin worse than inflationary fiat currency which can be easily seized by bankrupt govts?

04:35:32 minersdidit: bitcoin has experienced 100% inflation since january 1st

04:35:37 minersdidit: its lost half its value

04:35:45 minersdidit: have your dollars done that?

04:36:08 MisterE: many times over it's just reported funny so people can't see

04:36:10 minersdidit: everything that cost 1btc jan1st cost 2btc now

04:36:14 HeySteve: nand since january 1st 2013?

04:36:16 MisterE: why you think Fed no publish M3 anymore?

04:36:25 MisterE: not at that rate though ofc

04:36:27 minersdidit: dude m3 is credit

04:36:33 minersdidit: you dont even know how the fiat system functions

04:36:43 MisterE: but pretty damn fast and relentlessly the printing presses are running

04:36:47 minersdidit: extending credit and printing are 2 different things

04:36:47 HeySteve: it all depends on your timeframe, the general trend of bitcoin is appreciating currency however

04:36:54 minersdidit: misterE um so why hasnt it collapsed yet?

04:37:00 MisterE: m3 is total money supply

04:37:03 minersdidit: its not zimbabwe

04:37:18 minersdidit: zimbambwe was fiat money the dollar is credit money

04:37:25 minersdidit: 2 different concepts here folks.

04:37:26 MisterE: it has failed, just recently, have you a short memory>

04:37:46 MisterE: and many times before that similar systems all fail

04:37:48 minersdidit: the dollar can only fail if the bond market fails

04:37:54 HeySteve: minersdidit, let's see what happens to USD if Russia and China continue to conduct trade in their own currencies

04:38:04 minersdidit: nothing it depends on the bondmarket

04:38:13 MisterE: every currency in history has failed and USD will fail one day too

04:38:17 minersdidit: russia and china combined are not even 50% of US gdp dude

04:38:35 minersdidit: misterE thats true but that one day can be 100 years from now when we are dead.

04:38:55 minersdidit: the chinese RMB will fail before the dollar does

04:39:17 minersdidit: and russian rubble has failed like 20 times in the last 50 years alone lol

04:39:44 MisterE: reason Russia came out of collapse easy was everything was already state owned

04:39:46 HeySteve: right, now there is an alternative to failure-prone fiat currencies. you are proving my point

04:39:53 MisterE: they were mych better prepared

04:40:04 minersdidit: no there isnt

04:40:18 minersdidit: the chinese RMB is a dollar derivative

04:40:22 minersdidit: and so is the russian ruble

04:40:31 HeySteve: lol tell that to Russia and China

04:40:36 minersdidit: its impossible for teh derivative to succeed when the underlying asset fails

04:40:59 minersdidit: heysteve you are confused pal. the chinese yuan is defacto linked to the US dollar and the US bond market

04:41:12 HeySteve: until it isn't

04:41:12 minersdidit: its backed by the portfolio of US treasuries china holds

04:41:19 minersdidit: it has to be. its a derivative

04:41:42 MisterE: an asset is what people believe it is a single opinion is worth maybe a paper IOU

04:41:45 minersdidit: hence why the US dollar as bad as it is will be the last to fail not the first. the derivatives based on the dollar will fail first

04:42:05 minersdidit: long before the dollar collapses the chinese currency and government will implode

04:42:21 HeySteve: ok so you've mentioned a good reason for all chinese and russians to acquire bitcoin

04:42:29 minersdidit: bitcoin has no liquidity

04:42:35 minersdidit: you also are using circular logic

04:42:44 minersdidit: if a chinese acquires bitcoin with RMB someone else now has the rmb

04:42:47 MisterE: so what should they do?

04:42:49 minersdidit: it doesnt erase lol

04:43:08 HeySteve: it does if the currency fails, as you say

04:43:11 minersdidit: unfortunately in 2014 the only option is USD in paper format and dollars

04:43:20 minersdidit: maybe if bitcoin becomes 1000x bigger in the future

04:43:25 minersdidit: err and gold*

04:43:38 TestingUnoDosTre: nice dude, can I trade my papyrus for goods now?

04:43:39 minersdidit: us dollars in paper format and gold are your only safe havens in 2014

04:44:00 minersdidit: bitcoin is ultra high beta. it collapses when risk appetites change

04:44:11 TestingUnoDosTre: family has been hodling since the macedonian era

04:44:11 minersdidit: hence why we are at the same level as november and so is the nasdaq

04:44:33 minersdidit: with a gold coin you can go anywhere in the world and someone will trade you X for it

04:44:43 minersdidit: with bitcoin good luck outside of hipster cafes in major cities lol

04:45:33 minersdidit: look the russian ruble is down this year i think what 20%? did holding bitcoin help a russian? hed be down 35%

04:45:45 minersdidit: btc is too small

04:46:45 akstunt600: way to small

04:46:48 akstunt600: i agree there

04:46:48 minersdidit: when size comes into bitcoin markets the bid ask spreads widen like crazy

04:46:50 MisterE: all emerging technologies are

04:46:58 minersdidit: dude you arent buying a piece of a technology

04:47:08 MisterE: thats why there is opportunity and scams

04:47:10 akstunt600: yeah we are adopting it

04:47:12 minersdidit: how many times are you going to repeat that lol

04:47:14 akstunt600: its similar

04:47:24 MisterE: guys like you are not cut out for it quite frankly minersdidit

04:47:25 minersdidit: bitcoin is ultra high beta its related to fiat flows

04:47:31 minersdidit: when fiat flows contract bitcoin goes down 90%~

04:47:33 akstunt600: i agree MisterE

04:47:35 minersdidit: when they expand it rises 1000%

04:47:47 TestingUnoDosTre: and that's why he probably owns <1 btc

04:47:55 minersdidit: misterE i sold months ago at 800+

04:48:08 minersdidit: dude im in btc when you tards werent even in here lol

04:48:16 minersdidit: before you bagholders came

04:48:25 MisterE: lol this guy

04:48:35 minersdidit: you guys are clueless

04:48:45 minersdidit: bitcoin is nowhere near a "safe" haven

04:49:05 akstunt600: minersdidit, that is some ego

04:49:15 akstunt600: can you see though that ego?

04:49:18 minersdidit: in 2014 the absolute "safest" havens are US dollars paper format, gold coin format, US treasury bills, US 2 year notes, German 2 year notes

04:49:22 dub: tiberius sup

04:49:23 akstunt600: through*

04:49:24 MisterE: I think we're witnessing a pharmacological disaster

04:49:31 akstunt600: yeah

04:49:36 akstunt600: somethinglike it

04:49:47 minersdidit: bitcoin is on the ultra danger list

04:49:55 minersdidit: hence why its down 50% YTD

04:50:06 MisterE: yep and that's where the big boys play

04:50:28 minersdidit: i think if bitcoin ever has like 50bil of bid books

04:50:41 minersdidit: you can call it a safe haven

04:50:53 assbot: [MPEX] [S.MPOE] 10812 @ 0.00096283 = 10.4101 BTC [+] {2}

04:50:58 random_cat: next year?

04:51:07 minersdidit: problem with bitcoin is the users are at the behest of miners

04:51:09 benkay: ten years. mebbe 20.

04:51:14 minersdidit: never.

04:51:22 akstunt600: minersdidit, thats the fcuking pooint bro

04:51:22 MisterE: I dont recall anyone here saying "safe haven" but you?

04:51:26 benkay: only useful in places like ars with actually malignant currency regimes.

04:51:28 akstunt600: did you read the whitepaper

04:51:29 akstunt600: lol

04:51:35 minersdidit: yes

04:51:50 minersdidit: satoshi had zero clue about money or economics lol

04:51:54 akstunt600: hmmm, doesnt seem like it

04:51:56 benkay: the war hasn't even started.

04:52:04 MisterE: ^

04:52:07 minersdidit: what war

04:52:07 benkay: there's no blood.

04:52:16 akstunt600: there will be blood over this

04:52:18 benkay: victory or loss, way too early.

04:52:19 minersdidit: dude pull up bitcoin liquidity books ie the order books

04:52:20 akstunt600: i guarentee it

04:52:22 MisterE: lots

04:52:25 minersdidit: they are just as bad as 1 year ago

04:52:26 akstunt600: yup

04:52:29 benkay: no, real blood minersdidit

04:52:33 akstunt600: ^

04:52:39 minersdidit: no there wont be

04:52:47 benkay: silly troll ;)

04:52:52 benkay: predictable contradiction

04:52:54 akstunt600: sucks but that is where our centralized banking system has lead us

04:52:55 minersdidit: bitcoin requires extensive infrastructure in place to work

04:53:03 minersdidit: high bandwith, electricity you know civilized society

04:53:14 akstunt600: and USD is on tops of the same pyramid scheme

04:53:16 minersdidit: its dependant on shitloads of things functioning.

04:53:20 minersdidit: encryption

04:53:23 akstunt600: think of btc as gateway to something else

04:53:26 akstunt600: ;-)

04:53:29 minersdidit: a bunch of tard developers to "patch" shit

04:53:33 akstunt600: wow

04:53:41 MisterE: that something else is a digital monetary future

04:53:41 benkay: true nuff

04:53:44 minersdidit: it wont work in a society collapse

04:53:50 akstunt600: minersdidit, its not much and its a work in progress

04:54:04 MisterE: 100% guarantee you its coming and I'm gonna be there with front row seats

04:54:06 akstunt600: so yes pateches come with the territory

04:54:07 minersdidit: akstunt600 yea theyve been saying that year after year, the protocol is just as bad as it was in 09

04:54:14 akstunt600: WOW

04:54:15 danielpbarron: minersdidit: what should we do?

04:54:24 minersdidit: there isnt even any standard

04:54:25 akstunt600: ^

04:54:36 akstunt600: well then how do we olve the money problem

04:54:37 MisterE: he things we should be in USD fiat and AU

04:54:40 TestingUnoDosTre: computers requjire extensive infrastructure in place to work. The internet required high bandwidth, electricity- you know civilized society

04:54:42 minersdidit: youve got a bunch of failures from the last dotcom boom running around pretending to be leaders

04:55:04 akstunt600: minersdidit, who one whole guy andreas?

04:55:12 TestingUnoDosTre: I'm going to quit computers

04:55:13 TestingUnoDosTre: and internet

04:55:14 minersdidit: the dollar collapsing is the worse thing that could occur to bitcoin

04:55:14 TestingUnoDosTre: so scammy

04:55:18 akstunt600: ^

04:55:29 minersdidit: not sure why people are happy about it happening lol

04:55:32 danielpbarron: minersdidit: ok, you're right, what should we do?

04:55:46 TestingUnoDosTre: tell us, oh fearless leader

04:55:52 akstunt600: Mineits gonna be a soft collapse blood will be spilled as usd tanks

04:55:55 minersdidit: keep feeding your paychecks into the pockets of miners duh.

04:55:57 minersdidit: and early adopters

04:55:59 MisterE: save us minersdidit

04:56:11 TestingUnoDosTre: THE END ISTH NEAR

04:56:12 akstunt600: hahahah ^

04:56:14 MGK: miner sounds butthurt

04:56:16 minersdidit: akstunt600: the USD will be the last fiat to collapse

04:56:20 akstunt600: yup MGK

04:56:22 danielpbarron: minersdidit: so adjusting for sarcasm, we should stop buying Bitcoin?

04:56:29 akstunt600: minersdidit, Duh

04:56:38 minersdidit: you should have stopped months ago

04:56:46 TestingUnoDosTre: wait wait wait

04:56:46 akstunt600: its a top a pyramid of world currencies

04:56:46 danielpbarron: well why didn't you tell us months ago

04:56:47 minersdidit: we can have a relief rally now after 4months of bear market

04:56:50 akstunt600: and hold leverage

04:56:56 akstunt600: over the worlds currency

04:56:56 danielpbarron: that doesn't really help us now

04:56:57 MisterE: wow not up $50

04:57:00 MisterE: now

04:57:02 danielpbarron: minersdidit: what can we do now?

04:57:04 akstunt600: have you even forex'd bro?

04:57:09 minersdidit: danielpbarron what do you mean?

04:57:21 akstunt600: yeah what danielpbarron

04:57:30 akstunt600: what is our solution then minersdidit

04:57:34 akstunt600: lol

04:57:35 danielpbarron: minersdidit: well you make a lot of good points. what should I do?

04:57:35 minersdidit: solution to what

04:57:37 TestingUnoDosTre: he's asking for legitimate advice... NOW

04:57:43 assbot: [MPEX] [S.MPOE] 10900 @ 0.00095856 = 10.4483 BTC [-] {3}

04:57:44 TestingUnoDosTre: not asking what we all could have done 4 months ago

04:57:45 akstunt600: minersdidit, the fucking money problem

04:57:53 TestingUnoDosTre: because it's easy to predict the past

04:58:09 akstunt600: like the failing dollar issue HELLO

04:58:11 minersdidit: well first off if you are poor as i suspect everyone in here is, yea you might as well try to buy bitcoin lottery tickets lol

04:58:12 TestingUnoDosTre: tell us what to do so we can quote you

04:58:24 akstunt600: WOW minersdidit

04:58:29 danielpbarron: minersdidit: what do I do if i'm not poor?

04:58:30 akstunt600: so bitcoin is the solution

04:58:31 akstunt600: lol

04:58:39 minersdidit: well no its a get rich quick scheme

04:58:43 akstunt600: what a fail troll

04:58:50 TestingUnoDosTre: so poor right now... let me pick up my topless girlfriend from mcdonalds

04:58:54 minersdidit: once youve already obtained wealth then you can worry about keeping it lol

04:58:55 akstunt600: get rich on what a failing currency

04:59:08 minersdidit: bitcoin has no more 100 bagger in it it though

04:59:11 akstunt600: USA is the next version of the roman empire

04:59:18 minersdidit: like the rally has already occured

04:59:24 akstunt600: except this time it brings everyone down with it

04:59:39 akstunt600: where is your retort

04:59:55 akstunt600: we are over extended

04:59:57 minersdidit: the roman empire took hundreds of years to unravel

04:59:59 minersdidit: the US will too

05:00:01 MisterE: ;;ticker --market all

05:00:04 akstunt600: and quality of lif is on the decline

05:00:07 minersdidit: it didnt happen in a day

05:00:09 gribble: Bitstamp BTCUSD last: 408.0, vol: 62276.18702996 | BTC-E BTCUSD last: 412.49, vol: 48296.09241 | Bitfinex BTCUSD last: 410.2, vol: 55835.03565306 | CampBX BTCUSD last: 400.0, vol: 356.16162725 | BTCChina BTCUSD last: 418.59356, vol: 9266.79720000 | Kraken BTCUSD last: 381.49264, vol: 21.81183726 | Bitcoin-Central BTCUSD last: 394.617997221, vol: 317.08023633 | Volume-weighted last average: (1 more message)

05:00:16 akstunt600: in all "first world" countries

05:00:16 minersdidit: yes but you are talking about trends that can take lifetimes

05:00:22 akstunt600: nope

05:00:26 akstunt600: we dont have much time

05:00:28 danielpbarron: minersdidit: I thought you had advice to give since you are so earnest in your attempt to convince us; I mean this in all sincerity

05:00:28 akstunt600: tick tock

05:00:31 minersdidit: dude quality of life is higher then 60 years ago in first world countries

05:00:31 TestingUnoDosTre: <minersdidit> - bitcoin won't go to 40K soon?!? but I bought because all the bitcointalk threads todl me so

05:00:37 minersdidit: 60 years ago youd be in bombed out europe

05:00:41 akstunt600: minersdidit, not for 50%

05:00:51 akstunt600: right now its not good

05:00:54 minersdidit: bitcoin 40k is impossible for a reason ill quickly outline to the poor in here

05:00:57 TestingUnoDosTre: define first world country

05:01:22 minersdidit: if you notice everytime bitcoin rallys, altcoins tend to rally faster, as they are essentially substitutes to access bitcoin liquidity

05:01:31 minersdidit: so even if we achieved a 500bil market cap

05:01:41 minersdidit: bitcoin would only be maybe 25-40% of that

05:01:49 minersdidit: the rest would be all these substitutes that are exchangable for it

05:01:53 TestingUnoDosTre: actually, i've seen altcoins TRAIL bitcoin rallies

05:01:58 minersdidit: now do the math 40% of 500bil devided by 21mil

05:01:59 akstunt600: me too

05:02:01 akstunt600: many times

05:02:04 punkman: lol

05:02:04 minersdidit: bullshit

05:02:16 akstunt600: no i have DOge has done it a few times

05:02:16 TestingUnoDosTre: bullshit?!

05:02:19 akstunt600: so has ltc

05:02:21 minersdidit: altcoins have already drained up to 10% of bitcoins market cap

05:02:26 minersdidit: in the last 12months

05:02:28 akstunt600: and im guessing the other too at points

05:02:33 minersdidit: they go down faster and up faster

05:02:38 minersdidit: PAST a certain point.

05:02:44 akstunt600: whats that point?

05:02:47 minersdidit: becuase this is the flaw with quantity theory of money i outlined earlier

05:03:01 minersdidit: as bitcoin demand increases no mechanisms exist to increase supply to market so altcoins start doing their thing

05:03:05 minersdidit: acting as substitutes

05:03:09 akstunt600: well again minersdidit what is your solution?

05:03:11 minersdidit: becuase its so easy to trade between BTC and ALT

05:03:20 minersdidit: so think about that for a second

05:03:21 TestingUnoDosTre: happened march 1st, when BTC rallied https://bitcoinwisdom.com/markets/btce/ltcbtc

05:03:31 minersdidit: dude dont look at 1 day events lol

05:03:34 akstunt600: what is your solution to the money problem minersdidit

05:03:45 MGK: miner would you like me to send you some bitcoin so you can be cool too?

05:03:48 TestingUnoDosTre: LTC / BTC rate dropped to the floor and followed

05:03:59 minersdidit: testing um 15months ago ltc wasnt even on the radar

05:04:04 minersdidit: the fact that it is proves my point.

05:04:14 TestingUnoDosTre: no

05:04:16 TestingUnoDosTre: no it does not

05:04:16 minersdidit: altcoins drain btc market cap during demand surges

05:04:21 akstunt600: i mine doge and many other do to so it can be its own thing it has exits to fiat

05:04:24 akstunt600: so does ltc

05:04:26 minersdidit: btc is about 90% of all crypto

05:04:28 akstunt600: they dont btc

05:04:31 akstunt600: ;-)

05:04:35 akstunt600: what is your solution to the money problem minersdidit

05:04:38 minersdidit: that number declines during heavy demand.

05:04:48 minersdidit: remember where ltc was during btc 1k like 0.05 or whatever

05:04:52 MisterE: minersdidit: and I already replied that BTC is infinitely divisible so that wipes out your argument on no supply

05:04:57 akstunt600: do you have anything better than btc or alts?

05:05:05 minersdidit: misterE that doesnt mean anything you cant devided market cap lol

05:05:16 minersdidit: the world cannot run out of crypto dude.

05:05:21 minersdidit: you can point miners anywhere in seconds

05:05:29 MisterE: not the world as we know it

05:05:29 akstunt600: minersdidit, of sure it can

05:05:32 minersdidit: that puts an absolute cieling on bitcoins price

05:05:33 MisterE: the world is gonna have to change

05:05:53 minersdidit: the rally to get rich quick has already occured 2009-2013

05:06:07 minersdidit: a 10 bagger off these levels would be lucky

05:06:11 minersdidit: 100 bagger forget it lol

05:06:18 TestingUnoDosTre: I think you mistook me for serious when I was asking about bitcoin to 40k

05:06:26 TestingUnoDosTre: you are quite... retarded

05:06:26 minersdidit: no people in here believe it

05:06:31 akstunt600: minersdidit, and we got a lot from that minaly infrastructure

05:06:37 akstunt600: and on btc 2.0

05:06:39 akstunt600: welll

05:06:43 akstunt600: ill stop there

05:06:44 minersdidit: you got alot from the wealth transfer scheme aspect of it.

05:07:01 minersdidit: if 80% of coins are held by less then 100 individuals if they hold those off the market the remaining 20% set the price

05:07:03 TestingUnoDosTre: what about a 3 bagger within 4 years

05:07:09 minersdidit: and they got bid up violantly

05:07:09 TestingUnoDosTre: could you discount that?

05:07:11 MisterE: funny when asked for advice you have nothing to offer but "buy btc lottery tickets"

05:07:17 akstunt600: yu[

05:07:19 akstunt600: yup*

05:07:23 akstunt600: so troll

05:07:26 minersdidit: misterE well i asked if you were poor you said yes

05:07:27 MisterE: enjoy your USD lottery tickets, more likely to hit but value is shit

05:07:36 akstunt600: minersdidit, is the same guy i have been talking to for 3 days

05:07:38 minersdidit: dude btc is down 50% since jan 1st lol

05:07:42 akstunt600: he changes nicks all the time

05:07:49 TestingUnoDosTre: what's your point

05:07:50 minersdidit: ive never talked to you

05:07:51 akstunt600: and continues the same arguemnts

05:07:56 akstunt600: BULL SHIT

05:07:57 TestingUnoDosTre: did you buy on jan 1st?

05:07:58 TestingUnoDosTre: i did not

05:08:06 minersdidit: well you bought earlier at higher levels

05:08:15 akstunt600: you speak with them same style and argue the same points

05:08:25 minersdidit: akstunt600 whats your other nick?

05:08:25 akstunt600: i can see the symantics

05:08:33 akstunt600: this is me you know me

05:08:33 minersdidit: ive never spoken to you

05:08:36 MisterE: [11:57:47] minersdidit: well first off if you are poor as i suspect everyone in here is, yea you might as well try to buy bitcoin lottery tickets lol

05:08:36 akstunt600: BS

05:08:44 MisterE: you suggested we are poor

05:08:50 danielpbarron: I once donated $35 to the Ron Paul 2012 Presidential campaign in exchange for 5 BTC

05:08:50 minersdidit: of course you are lol

05:08:51 akstunt600: your have to be getting paid bro

05:08:54 minersdidit: theres like 3-4 rich guys in here

05:08:57 minersdidit: the rest are dirt poor

05:09:03 minersdidit: couple K in bitcoin at max

05:09:10 akstunt600: this is classic text books shit from that NSA slide on gaining poer in IRC

05:09:12 minersdidit: mircea is probably the wealthiest in here

05:09:12 benkay: <minersdidit> it wont work in a society collapse << of course, just in small isolated islands of civilization dotted round the landscape of destruction

05:09:18 akstunt600: mmmmkay minersdidit

05:09:27 akstunt600: your some buthurt miner that read it

05:09:30 akstunt600: lol

05:09:40 minersdidit: read what

05:09:51 akstunt600: the NSA IRC guide

05:09:53 akstunt600: ;-)

05:10:02 punkman1: "This patch is setting OPENSSL_NO_HEARTBEAT, but openssl actually only disables heartbeats when you set OPENSSL_NO_HEARTBEATS (note trailing S)."

05:10:20 minersdidit: link it

05:10:28 MisterE: nice

05:10:30 akstunt600: no its well known

05:10:33 akstunt600: check EFF

05:10:41 minersdidit: whats that lol

05:10:41 akstunt600: you know it already

05:10:49 akstunt600: trolololol

05:11:15 minersdidit: akstunt i dont need to tell you things you can see with your own eyes ie btc down 50% YTD. its a high beta asset

05:11:30 minersdidit: remember the shills told everyone volatility would decrease

05:11:33 minersdidit: well it hasnt

05:11:58 benkay: <akstunt600> get rich on what a failing currency << bitcoin isn't going to make anyone playing with it rich. only application and hard work will accomplish that.

05:12:07 minersdidit: bitcoin shills also told everyone mass adoption would occur

05:12:08 minersdidit: it hasnt

05:12:15 MisterE: My email: "The Department of State has issued this Worldwide Caution to update information on the continuing threat of terrorist actions and violence against U.S. citizens and interests throughout the world. U.S. citizens are reminded to maintain a high level of vigilance and to take appropriate steps to increase their security awareness. This replaces the Worldwide Caution dated September 25, 2013, to provide updated information on

05:12:16 MisterE: security threats and terrorist activities worldwide."

05:12:37 MisterE: FUD of the highest order

05:12:45 minersdidit: https://blockchain.info/charts/n-transactions?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

05:12:49 minersdidit: mass adoption

05:12:56 akstunt600: benkay, Exaclty

05:13:00 MisterE: come back next year minersdidit

05:13:01 akstunt600: https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/

05:13:09 akstunt600: theres your infiltration guide

05:13:13 MisterE: we'll revisit

05:13:15 akstunt600: EFF has whole thing

05:13:18 minersdidit: misterE lol why so its the same lvel as this year if not lower?

05:13:24 minersdidit: weve gone nowhere in 12months

05:13:27 MisterE: April seems good for crashy so...

05:13:34 akstunt600: minersdidit, early in the year brah

05:14:00 akstunt600: it msakes sense to me btc would be inthe dirt before major adoption

05:14:12 akstunt600: it helps to allow the poor college kids to buy in

05:14:15 minersdidit: they said the same thing in spring 2013

05:14:20 akstunt600: this is what we needed i think

05:14:21 minersdidit: bitcoin shills

05:14:27 akstunt600: wow

05:14:37 minersdidit: dude who do you expect to adopt bitcoin though?

05:14:47 minersdidit: crypto locker was the biggest influence on bitcoin's price move

05:14:53 akstunt600: People ask me everyday

05:14:54 minersdidit: it arrived on the scene in fall 2013

05:14:58 akstunt600: EVERYDAY

05:15:00 minersdidit: yea poor people

05:15:04 akstunt600: duh

05:15:07 akstunt600: and rich

05:15:17 minersdidit: becuase they just want the price to go up 10x without them doing any work

05:15:27 akstunt600: mainly college kids up to 35

05:15:33 akstunt600: and upt to*

05:15:34 minersdidit: yea losers needing quick loot lol

05:15:40 minersdidit: they arent actual users of bitcoin

05:15:53 akstunt600: minersdidit, nah many LOVE the core principal it represents

05:16:00 akstunt600: and the Gen y is fucked

05:16:10 minersdidit: bitcoin isnt going to help them

05:16:11 akstunt600: they are still too dumb to really jump on yet

05:16:19 minersdidit: it doesnt generate capital thats needed

05:16:27 akstunt600: minersdidit, unless the price drops further

05:16:31 akstunt600: ;-)

05:16:32 minersdidit: like you dont download skills from the blockchain lol

05:16:44 akstunt600: no thats what the internet is for

05:16:46 minersdidit: bitcoin is just a tool

05:16:59 minersdidit: its useless with stupid operators

05:17:04 akstunt600: wow

05:17:05 minersdidit: as weve seen

05:17:10 akstunt600: im done

05:17:19 akstunt600: your not even making valid arguemnts anymore

05:17:21 minersdidit: you preparing your bitcoin pitch

05:17:26 minersdidit: to hawk to the local coffee shop

05:17:55 minersdidit: listen bitcoin isnt changing shit other then making a couple guys very rich. the same problems that existed before will exist in bitcoin but even worse.

05:18:10 minersdidit: people who have lost with crypto related schemes far outnumber anyone whose benefited

05:18:30 akstunt600: minersdidit, proof?

05:18:30 minersdidit: and theres no sign of the scams going away

05:18:35 akstunt600: proof?

05:18:36 minersdidit: lol add up the total losses dude

05:18:39 akstunt600: proof?

05:18:41 minersdidit: mtgox is what 20million alone

05:18:43 akstunt600: proof?

05:18:54 akstunt600: they arent out yet

05:19:01 minersdidit: largest benefactors are guys like roger ver

05:19:04 akstunt600: proof?

05:19:07 benkay: <minersdidit> crypto locker was the biggest influence on bitcoin's price move << i've said this too, but i'm an idiot

05:19:27 minersdidit: well it was coffee shops lol

05:19:32 akstunt600: wow price is recovering nicely

05:19:38 akstunt600: WOW look at huobi

05:19:41 minersdidit: dead cat bounce

05:19:57 akstunt600: minersdidit, it will come back down

05:20:01 minersdidit: miners carrying their victims for a couple rounds before they unleash more selling

05:20:03 akstunt600: only to go way way up

05:20:03 benkay: ;;ticker

05:20:05 assbot: [MPEX] [S.MPOE] 10005 @ 0.00096336 = 9.6384 BTC [+] {3}

05:20:05 gribble: Bitstamp BTCUSD ticker | Best bid: 401.39, Best ask: 403.9, Bid-ask spread: 2.51000, Last trade: 403.9, 24 hour volume: 62871.29215596, 24 hour low: 339.79, 24 hour high: 420.28, 24 hour vwap: 387.817589484

05:20:13 benkay: haha

05:20:19 benkay: dis guy

05:20:25 benkay: u slay me minersdidit

05:20:30 minersdidit: benkay how did you turn into a shill

05:20:30 akstunt600: wow look at 420 again

05:20:34 akstunt600: ;-)

05:20:40 benkay: dreams of decoupling

05:20:43 minersdidit: lol

05:20:46 akstunt600: minersdidit, kkills me lol

05:21:12 akstunt600: awwww gox took all your coins

05:21:12 benkay: a wage slave's fruitless fantasies

05:21:24 akstunt600: shouldnt have traded on amagic the gathering site bro

05:21:28 benkay: freedom and privacy

05:21:56 benkay: simple things.

05:22:01 minersdidit: people on here are expecting hyperinflation of the USD

05:22:10 benkay: tch yeah

05:22:11 minersdidit: well sorry to tell you but its going to be hyperdeflation

05:22:12 akstunt600: minersdidit, its here

05:22:18 benkay: let 'em

05:22:21 akstunt600: but artificail inflation rates mask it

05:22:26 akstunt600: ;-)

05:22:29 benkay: who cares. hedge.

05:22:29 minersdidit: do they mask the oil price

05:22:36 minersdidit: which is 40% lower then 2008?

05:22:39 benkay: "oil", mostly, corn.

05:22:50 akstunt600: minersdidit, becaue we knock down and drug em out

05:22:53 minersdidit: all commodities are 30-60% below their respect highs from years ago

05:22:54 benkay: "rib eye" now chuck.

05:22:56 akstunt600: look a duhbai

05:23:01 akstunt600: you think they need more money

05:23:02 akstunt600: lol

05:23:06 akstunt600: they are saturated

05:23:16 akstunt600: its like your btc wet dream over there

05:23:20 akstunt600: ;-)

05:23:21 minersdidit: akstunt600: inflation is currently occuring in student loans etc

05:23:27 minersdidit: its stagnant in everything else

05:23:32 akstunt600: BS

05:23:35 akstunt600: its masked

05:23:38 benkay: that's a credit thing too

05:23:40 benkay: wtf's going on there

05:23:41 akstunt600: like the mortagage crisis

05:23:43 minersdidit: look at commodity prices they are 30-60% below

05:23:47 benkay: how do i short that

05:23:58 benkay: who cares about commodities i want to short my own generation

05:24:03 minersdidit: benkay um yea. in credit money counterfeit credit expansion = inflation

05:24:03 akstunt600: hahahha good point benkay

05:24:12 minersdidit: you cant have inflation in the current system without expansion of loans

05:24:26 benkay: sure

05:24:39 benkay: i'm sure you count arbitrarily large deposits to private sector lenders loans.

05:24:45 minersdidit: akstunt600: the "inflation" you are talking about is in stuff for ultra rich, student loans shit like that

05:25:03 akstunt600: ultra rich?

05:25:04 akstunt600: lol

05:25:09 minersdidit: benkay: all money in existence is from loans. think about that. you need creditor and debtor participating for inflation

05:25:19 moiety: mew

05:25:22 minersdidit: akstunt600: yea stock market got pumped up

05:25:26 benkay: ey mo

05:25:28 akstunt600: yeah biig time

05:25:29 minersdidit: that benefited about 0.01%

05:25:42 akstunt600: yeah

05:25:44 minersdidit: so shit they buy also got pumped up ie high end jewellery, cars, ultra luxury homes

05:25:55 minersdidit: student loans are still getting pumped up so anyone in that is seeing it

05:25:55 akstunt600: and food

05:25:57 akstunt600: lol

05:25:59 minersdidit: but there is no general inflation dude

05:26:00 akstunt600: ;-)

05:26:11 minersdidit: ppl that do shit with government

05:26:20 minersdidit: the credit system is on life support

05:26:26 akstunt600: yup

05:26:32 akstunt600: so how do we fix it?

05:26:34 akstunt600: again

05:26:47 moiety: ;; later tell mircea_popescu thank you for the later tell re localbitcoins. hope you are well :)

05:26:47 gribble: The operation succeeded.

05:26:53 minersdidit: you cant its past the point

05:26:58 punkman: akstunt600: fix it with /ignore

05:27:03 akstunt600: hahahaha

05:27:13 moiety: hihi benkay how are you?

05:27:14 punkman: I'm just seeing your monologue now

05:27:21 akstunt600: minersdidit, exactly btc and alt to the rescue

05:27:29 akstunt600: hhhahahaha thanks punkman

05:27:34 benkay: we're experiencing a once-yearly event moiety

05:27:35 minersdidit: btc will go to single digits

05:27:45 akstunt600: yup

05:27:45 benkay: god i hope

05:27:52 akstunt600: just da one time

05:28:02 minersdidit: why would you hope for that

05:28:09 benkay: totally could happen

05:28:11 akstunt600: and the rode to recovery is already starting to form

05:28:18 akstunt600: road*

05:28:20 moiety: what's that benkay?

05:29:20 akstunt600: well im glad the pressure cooker dies out and this fall happened

05:29:21 benkay: this feller minersdidit is a fantastic character who comes around every now and again

05:29:23 akstunt600: this is fun

05:29:37 akstunt600: i have about 25k into btc and alts andd miners

05:29:40 minersdidit: benkay um i come in here once every 6months to laugh at mircea

05:29:42 akstunt600: i mean15****

05:29:50 benkay: precisely

05:29:50 akstunt600: and this is still fun to me

05:29:51 punkman: there's this cunt of a website I'm trying to borrow data from, I ask for derp.com/titsville it goes HA I KNOW YOU WANTED DERP.COM/FAT-HERPBURG INSTEAD. Cosmic rays? Someone fucking with me?

05:30:23 benkay: you totally fuck with channel orthodoxy. it's great.

05:30:24 moiety: why would you bother going to somone's own channel to do that minersdidit, you must have a gap in your own personal life at present?

05:30:25 akstunt600: lol punkman

05:30:36 akstunt600: i like it

05:30:40 akstunt600: good convo

05:30:43 minersdidit: moeity go back to the shithole your just crawled out of

05:30:43 akstunt600: lol

05:31:20 moiety: should i later tell moeity? i don't think she is here right now

05:31:35 minersdidit: and thats the joke

05:32:02 moiety: well, i wouldn't give up your day job for comedy, that's for sure

05:34:05 minersdidit: heysteve you get robbed today?

05:34:49 minersdidit: its a south african thing

05:34:52 benkay: no that was a few weeks ago

05:34:58 benkay: robbed by 0.9

05:35:01 minersdidit: lol

05:35:44 minersdidit: gavin needed to step down after that

05:35:55 benkay: just became a little too obvious

05:36:15 minersdidit: what did

05:36:32 benkay: the incompetence

05:36:39 benkay: rolling a known turd into bitcoin

05:36:50 minersdidit: becuase its tards from the dotcom bust dude

05:36:57 benkay: tell a nigga bout it

05:36:59 minersdidit: all these guys were in shitbag IT companies that failed

05:37:07 benkay: outta my face this is old news

05:37:13 minersdidit: they went unemployed for a decade until bitcoin pops on the scene

05:37:27 benkay: rank incompetence is the baseline in the space; so what?

05:37:38 benkay: incompetence, greed, malice.

05:37:46 benkay: that's all there is in bitcoin.

05:38:17 minersdidit: thats open source

05:38:24 benkay: heh

05:38:29 benkay: c'est possible

05:39:28 fluffypony: minersdidit

05:39:33 fluffypony: you just hit the proverbial nail on the head

05:39:35 bloctoc: I heard today that that Malaysian plane probably landed in Diego Garcia because it had secret stolen drone control center technology on board.

05:39:48 fluffypony: half of them are guys that were in the "Internet marketing" space

05:39:52 fluffypony: on Warrior Forum etc.

05:39:58 minersdidit: yea

05:40:05 minersdidit: its burn outs and shit like andreas antonopolous

05:40:17 benkay: that's asciilifeform's suggestion, fluffypony...

05:40:27 minersdidit: dude its losers.

05:40:37 minersdidit: bitcoin attracted them all

05:40:42 minersdidit: and were dealing with that

05:40:45 benkay: it sucks

05:40:48 benkay: i hate it

05:40:58 fluffypony: I mean don't get me wrong, I looked at the Internet marketing stuff ages ago because I wanted to know wtf was the deal

05:41:02 minersdidit: bitcoin foundation and co probably set crypto back 5 years minimum

05:41:17 minersdidit: it was easier to get bitcoin 2 years ago then 2014

05:41:17 benkay: but its great it gives me some breathing room to get something rolling

05:41:22 benkay: make friends with the big boys etc

05:41:24 fluffypony: but if you have 2 brain cells you realise it's a bunch of circlejerky morons that sell "ebooks" and "systems" on how to profit to each other

05:41:25 minersdidit: because these tards all went and attracted HEAPS of attention onto themselves

05:41:26 assbot: [HAVELOCK] [AM1] 1 @ 0.59527979 BTC [+]

05:41:33 fluffypony: minersdidit: yep

05:41:35 akstunt600: ughh andreas

05:41:43 benkay: yeah, well, hopefully it languishes in the shitter for another decade

05:41:52 minersdidit: benkay big boys? you mean pornographer mircea popescu

05:41:53 minersdidit: lol

05:42:00 bloctoc: where did the locals go?

05:42:11 minersdidit: bitcoin has been scum from day 1

05:42:13 akstunt600: minersdidit, yourt totally right about btc foundation

05:42:17 minersdidit: but scum tend to have $$ as well

05:42:22 akstunt600: I feel they are incredibly tainted

05:42:23 benkay: eh, people in crypto

05:42:33 minersdidit: cryptos entire value is from cybercrime

05:42:35 benkay: mp wouldn't stoop to my level, are you kidding?

05:42:39 minersdidit: its not nerds buying lattes

05:42:41 minersdidit: or africans lol

05:43:27 fluffypony: minersdidit I'm also South African

05:43:28 Mats_cd03: Ahahaha lol who are these guys

05:43:41 fluffypony: had this argument with that lady who's "bringing Bitcoin to Botswana"

05:43:43 benkay: wb Mats_cd03

05:43:45 fluffypony: I was like "wtf"

05:44:01 benkay: all of these people lack the imagination to use bitcoin for any purpose

05:44:01 Mats_cd03: akstunt600 and minersdidit kekeke

05:44:03 moiety: hey Mats_cd03

05:44:15 benkay: the only thing they can encompass is educating others about something

05:44:18 benkay: "hey look a shiny!"

05:44:24 benkay: "what do we do with it?"

05:44:32 benkay: "iono, tell everyone?

05:44:33 *: akstunt600 waves to Mats_cd03

05:44:57 akstunt600: omfgi here it has magnets too

05:45:31 akstunt600: the pie is a lie?

05:45:52 minersdidit: lol fluffypony

05:46:00 *: akstunt600 looks for pie

05:46:02 benkay: ;;seen tg2

05:46:02 gribble: tg2 was last seen in #bitcoin-assets 1 day, 23 hours, 44 minutes, and 29 seconds ago: <tg2> like strong understanding of assembly

05:46:04 minersdidit: south africa would have been paradise on earth if the blacks didnt invade

05:46:17 fluffypony: minersdidit: well to be fair we did invade their land first :-P

05:46:28 minersdidit: thats bullshit

05:46:33 akstunt600: heh but we gave the liberia

05:46:36 minersdidit: there was nobody in south africa during those times

05:46:36 akstunt600: LOLOLOLOLOL

05:46:52 minersdidit: they came from different parts after the place was prospering

05:47:01 minersdidit: boers and shit built that place from scratch

05:47:15 minersdidit: british came and wrecked it for the gold

05:47:43 fluffypony: yeah

05:48:06 fluffypony: still a beautiful country

05:48:10 fluffypony: glad I live here

05:48:11 minersdidit: agreed

05:48:22 minersdidit: well no i wouldnt be glad about that

05:48:28 minersdidit: the nature is nice

05:48:28 akstunt600: die antword rocks btw

05:48:44 fluffypony: akstunt600: no they don't

05:48:48 akstunt600: hahhahha

05:48:58 akstunt600: i like the one when they are in wheel chairs

05:48:59 fluffypony: akstunt600: seriously, a lot of Saffers hate them

05:49:02 minersdidit: blacks had it better when the whites ran the place

05:49:05 minersdidit: even they will admit it

05:49:05 akstunt600: hmmm interesting

05:49:18 minersdidit: highest paid black earners were in south africa

05:49:23 akstunt600: ^

05:49:24 akstunt600: fact

05:49:33 minersdidit: its true on the continent

05:49:39 minersdidit: blacks are poorer today in south africa then ever

05:49:40 MisterE: lol relentless

05:49:51 MisterE: minersdidit: I think you need to assess your objective here

05:49:58 MisterE: what do you want to achieve today?

05:50:00 minersdidit: go back to your hole

05:50:01 akstunt600: yeah which is?

05:50:09 minersdidit: bunch of scumbags in here tonight

05:50:24 minersdidit: not like that isnt the usual case lol

05:50:26 *: akstunt600 is a scumbag?

05:50:31 MisterE: lol typical troll behavior to take the victim's role

05:50:31 minersdidit: nah your alright

05:50:38 MisterE: we've now come full circle

05:50:45 akstunt600: awwe shucks thanks

05:50:48 minersdidit: couple guys in here are misinformed and poor but alright

05:50:54 minersdidit: ie benkay

05:51:25 bloctoc: I feel like my favorite television show got cancelled to show a presidential debate

05:51:39 akstunt600: hahahhahaha

05:51:43 akstunt600: sorry

05:52:09 benkay: so poor

05:52:13 benkay: so misinformed

05:52:17 MisterE: minersdidit: he called you a presidential candidate that is a fucking low blow man

05:52:21 MisterE: you gonna take that shit?

05:52:25 benkay: my fate to labor under the fog of illusion and never save a dime

05:52:34 minersdidit: bitcoin wont be able to get off the ground until the entire dev team is gone

05:52:45 benkay: look at the conformal stuff, man

05:52:47 MisterE: benkay: good hampster runs the wheel long time

05:52:50 minersdidit: until then it will be just another pump and dump

05:53:08 benkay: it's not dev team, it's hairball

05:53:10 minersdidit: gavin should have resigned after the fork

05:53:11 fluffypony: I thought it was a ponzi scheme?

05:53:23 minersdidit: in 2013

05:53:36 akstunt600: minersdidit, Who needs devs anyway

05:53:39 akstunt600: rotten sum

05:53:42 akstunt600: scum*

05:53:48 MisterE: yea scammers

05:53:53 minersdidit: you need them because people naturally form heirarchies

05:53:53 MisterE: coding backdoors

05:54:04 minersdidit: only tards think everything is "decentralized"

05:54:05 minersdidit: in real life

05:54:11 akstunt600: srsly did nothing for us but robbed us blind, how could i have been so foolish

05:54:25 minersdidit: the current dev team set bitcoin back a decade at least

05:54:25 fluffypony: we should just go back to the original client

05:54:33 akstunt600: yeah

05:54:35 akstunt600: cli or die

05:54:39 akstunt600: ;-)

05:54:40 MisterE: back to cli

05:54:46 minersdidit: dude they havent done any development is the problem

05:54:49 minersdidit: its totally stagnant

05:55:03 MisterE: what features have you requested?

05:55:04 minersdidit: couple hacks here and there

05:55:04 akstunt600: like yeat getm is nothing

05:55:11 MisterE: what patched have you submitted?

05:55:13 minersdidit: 5 years on?

05:55:16 akstunt600: nothingbut smoke and mirrors

05:55:17 minersdidit: wheres multi sig?

05:55:31 minersdidit: how many more errors will we be exposed too

05:55:33 akstunt600: you mean getm stuff from bitcore?

05:55:34 benkay: multi sig's a thing, give it a rest

05:55:46 akstunt600: it works brah

05:55:47 akstunt600: lol

05:55:49 benkay: it's also totally irrelevant

05:55:51 minersdidit: 5 years in and all theyve done is renamed themselves

05:55:54 akstunt600: cosign is out ni beta

05:55:57 akstunt600: and on github

05:56:00 minersdidit: Bitcoin Core lol

05:56:06 MisterE: what needs to be done answer the fuckign wquestion!

05:56:08 benkay: imma cry

05:56:15 benkay: so twoo

05:56:30 minersdidit: MisterE you know every shill says the same thing. everytime a critic brings up anything about BTC they say oh what have you done

05:56:34 minersdidit: typical strawman arguement pal

05:56:41 minersdidit: you aren't adressing the problems at hand

05:56:42 benkay: but hey shut up and read the conformal btcd source, minersdidit

05:56:47 MisterE: what do you see that needs to be done?

05:56:48 minersdidit: lol

05:56:53 MisterE: you dont even have ideas

05:57:03 benkay: it's so well documented even you could get through it

05:57:04 MisterE: you're just complaining and trolling

05:57:08 akstunt600: and we keep asking for input

05:57:10 MisterE: heh

05:57:10 minersdidit: resignation and closure of bitcoin foundation and ALL devs

05:57:13 akstunt600: shiti i can code it up

05:57:15 akstunt600: ;-)

05:57:20 moiety: crying shill =/= answers

05:57:22 akstunt600: just drop some bombs on us

05:57:24 MisterE: this dude is like a US republican

05:57:32 akstunt600: yup

05:57:39 MisterE: got no ideas of his own only knows for sure that *all* of yours suck

05:57:40 benkay: i need more truth bombs, and better ones, minersdidit

05:57:41 minersdidit: MisterE bitcoins problems arent technical they are people problems

05:57:49 minersdidit: when you look at the bitcoin foundation you want to puke

05:57:53 minersdidit: so you stay away from the space

05:58:15 benkay: what else to do but hang out with the pornographers!

05:58:15 minersdidit: bitcoin attracted the worst scum of the cesspool known as the internet

05:58:35 bloctoc: minersdidit algorithms don't have people problems, ever

05:58:41 MisterE: in the grand history of the digital crypto currency era BTC foundation will not even be a fart in the wind

05:58:41 akstunt600: damn where do you even find trolls this good

05:58:54 MisterE: just like Gox is already forgotten

05:58:59 minersdidit: 2 years ago you could buy bitinstant in any walmart

05:59:02 MisterE: and Vicurex who?

05:59:05 minersdidit: err bitcoins via bitinstant

05:59:09 benkay: normally in the cesspool of the internet, akstunt600

05:59:12 akstunt600: this makes trollbox look like a jok

05:59:14 benkay: remember?

05:59:17 minersdidit: today you need to wait 7 days from fucking coinbase lol

05:59:20 benkay: those were the days.

05:59:20 akstunt600: hahhahah benkay

05:59:22 benkay: cash in hand to an atm.

05:59:33 benkay: well, basically an atm. walmart.

05:59:39 akstunt600: minersdidit, you mean 2

05:59:43 benkay: btc is no go in the usa.

05:59:44 akstunt600: it takes 2 days

05:59:50 akstunt600: even if your poor as fuck

05:59:53 akstunt600: ;-)

05:59:57 minersdidit: yea from 5minutes

05:59:58 MisterE: ACH transfer 2 days

06:00:03 benkay: and the government knows how much you bought

06:00:12 akstunt600: yup

06:00:15 minersdidit: yea you have to submit ID even for 100 dollar purchases

06:00:21 minersdidit: for a none monetary instrument

06:00:27 akstunt600: or use localbitcoins

06:00:29 danielpbarron: coinbase sketches me out

06:00:30 benkay: retarded.

06:00:31 minersdidit: bitcoin foundation lobby was sucessful

06:00:42 benkay: oh this is their work?

06:00:48 akstunt600: hahahhahaha

06:00:52 MisterE: danielpbarron: BOA would not let coinbase use their verification if they weren't trustworthy

06:01:04 danielpbarron: boa sketches me out

06:01:05 minersdidit: gavin derived his salary to feed his family even though he had tens of millions on BTC

06:01:09 benkay: oh god MisterE you have no idea

06:01:09 minersdidit: from the scamdation

06:01:10 MisterE: lol fair point

06:01:13 minersdidit: yep no conflict of interest there

06:01:38 benkay: you and mp agree on a thing. go make out.

06:01:41 fluffypony: minersdidit: https://www.youtube.com/watch?v=ogfhIAXmdEU

06:02:51 minersdidit: HeySteve why do you prefer south africa anyway

06:19:58 assbot: [MPEX] [S.MPOE] 10700 @ 0.00096266 = 10.3005 BTC [-] {2}

06:30:33 Mats_cd03: hi moiety howru

06:34:49 moiety: not too bad Mats_cd03 another year older since i've been away. How's life treating you?

06:36:14 assbot: [MPEX] [S.MPOE] 3493 @ 0.00096102 = 3.3568 BTC [-]

06:39:00 fluffypony: heh

06:39:18 fluffypony: I've been testing a lot of my devices on my local network for heartbleed

06:39:26 fluffypony: like my printers/security cameras etc.

06:39:35 fluffypony: little D-Link NAS is safe

06:40:07 steven-__: nothing is safe

06:41:02 fluffypony: steven-__: I mean it's not heartbleed vulnerable

06:41:19 fluffypony: same with the IP cams

06:41:34 akstunt600: nobody expects the spanish Inquisition

06:41:37 akstunt600: lololol

06:41:53 akstunt600: wow mpex is uhh very interesting

06:41:56 fluffypony: akstunt600: our weapons are supplies...our CHIEF weapons are supplies

06:42:15 fluffypony: and fear

06:42:31 akstunt600: hehe

06:42:39 *: fluffypony needs more coffee

06:42:42 fluffypony: and Provigil

06:42:44 fluffypony: one of those days

06:43:14 akstunt600: suprise

06:43:44 fluffypony: akstunt600: I know, I was being punny

06:43:52 akstunt600: hehheheh

06:44:16 akstunt600: fluffypony, are u a narco?

06:44:25 fluffypony: akstunt600: no

06:44:42 fluffypony: off-label use

06:44:57 akstunt600: ahhh nice

06:45:07 akstunt600: i know someone who takes that

06:45:18 fluffypony: yeah it's surprisingly good

06:45:23 akstunt600: he like will just like fall asleep in chat

06:45:36 fluffypony: shame it's rough

06:45:44 akstunt600: hmm Im not much for drugs anymore

06:45:50 akstunt600: I smoke every now and then

06:45:59 akstunt600: or take kratom like once in a blue moon

06:46:17 fluffypony: I've never been a fan, I don't like stuff that mucks with my brain (in a negative way)

06:46:36 fluffypony: like the Provigil is nice to keep me productive and alert during the day

06:46:43 fluffypony: but some of the nootropics guys are insane

06:46:55 fluffypony: with their "stacking"

06:46:56 akstunt600: sometimes im extremely good on kratom sometimes

06:47:06 akstunt600: liek up all night working on pet projects

06:47:06 fluffypony: http://www.reddit.com/r/nootropics

06:47:25 assbot: [MPEX] [S.MPOE] 2750 @ 0.00096381 = 2.6505 BTC [+]

06:47:49 akstunt600: whoa thats cool

06:48:08 akstunt600: marjuana has some neurogensis capabilities

06:48:12 akstunt600: but that is next elevel

06:48:17 akstunt600: level*

06:48:31 fluffypony: yeah I don't dig the downsides of stuff like that

06:49:23 akstunt600: hmm I have adhd

06:49:37 *: akstunt600 ponders noottropics

06:49:52 fluffypony: some of the stuff could work well for you

06:50:00 akstunt600: fluffypony, depnding on the type of MJ i hate it you know

06:50:13 akstunt600: some strains compliment me well

06:50:34 *: akstunt600 id deeply interested

06:50:37 akstunt600: is*

06:50:46 akstunt600: i think i may have to try this

06:51:04 *: akstunt600 was diagnosed ADHD ata young age

06:51:08 fluffypony: when I was discussing Provigil with my doctor he actually suggested Ritalin

06:51:21 akstunt600: Yeah I was on ritalin at a young age

06:51:21 fluffypony: but I think that would have had the wrong affect on me

06:51:27 akstunt600: it did for me

06:51:32 akstunt600: so did adderal

06:52:00 fluffypony: when I was 20 I taught origami and piano to kids with heavy bipolar/add/adhd/schizophrenia

06:52:05 fluffypony: at a college for them

06:52:29 fluffypony: was actually an amazing experience overall, but frustrating (the paranoid schizophrenic kids)

06:52:29 assbot: AMAZING COMPANY!

06:53:09 MisterE: fuck have we returned to regular scheduled programming?

06:53:20 akstunt600: lol

06:53:23 MisterE: looks rather non-trollish

06:53:27 moiety: patience + time = a lot of win in those situations fluffypony

06:53:34 akstunt600: yup

06:53:41 fluffypony: moiety: yeah

06:53:49 akstunt600: i have developed quite the patience working with computers

06:53:53 fluffypony: had a kid that spent an entire lesson insisting he was god and was going to make it rain

06:53:56 *: akstunt600 is linux only guy

06:53:59 MisterE: send all your extra adderal and rittlan to me!

06:54:07 fluffypony: and then at the end saying "well I didn't want to do it anyway"

06:54:09 MisterE: I have exams coming up

06:54:11 akstunt600: owow fluffypony

06:54:42 *: moiety shrugs, it happens

06:54:42 akstunt600: MisterE, I dont use it or condone adderal

06:54:46 akstunt600: i dont even drink

06:55:00 akstunt600: i just smoke weed every now and then

06:55:02 MisterE: I dont drink either

06:55:06 MisterE: I only smoke weed

06:55:08 MisterE: daily

06:55:09 akstunt600: and maybe soon nootropics

06:55:19 moiety: the most fristrating is learning disabilites + mental health disorders and communication is even unclearer

06:55:19 MisterE: oh and some molly sometimes

06:55:24 akstunt600: Im more of a 3-5 times a week

06:55:28 fluffypony: moiety: yeah I can imagine

06:55:33 MisterE: unclearerist

06:55:38 MisterE: :p

06:55:41 akstunt600: hhahaha

06:55:49 fluffypony: well learning patience was good training for dealing with my wife;)

06:55:53 moiety: unclearaging

06:56:00 MisterE: I only tease moiety because he's a jock

06:56:01 akstunt600: hhhahahahha me too fluffypony

06:56:08 MisterE: moiety: how do you pronounce your name?

06:56:16 moiety: moy - ity

06:56:23 MisterE: I had a jock friend named Ruridrah, guess how you pronounce that fucker?

06:56:28 MisterE: ok thats normal

06:56:33 moiety: however you like really, i come to most things

06:56:37 MisterE: this guy's name was "Ruru"

06:56:44 MisterE: Rury*

06:57:03 moiety: Rory?

06:57:13 fluffypony: I have an Irish friend whose name is Ruari

06:57:13 MisterE: dunno how you could ever get something that sounds like Rury from Ruridrah\

06:57:15 fluffypony: pronounced Rory

06:57:18 MisterE: oh?

06:57:20 moiety: aye

06:57:33 moiety: sounds kinda more irish to me btw

06:57:44 MisterE: I wish I had climed Nevis when I was young and hard

06:57:58 MisterE: no this dude was straight up jock man

06:58:11 MisterE: no irish afaik

06:58:13 moiety: like Caoimhe is pronounced Keeva

06:58:24 MisterE: what the??

06:58:28 moiety: aye

06:58:34 moiety: there's plenty names like that dude

06:58:38 MisterE: keeva sounds like slang for a drug

06:58:46 moiety: its not english, its gaelic

06:58:51 MisterE: ahh ok

06:59:10 fluffypony: wow moiety, that would not have been my first guess at pronounciation

06:59:46 MisterE: of all the Northern accents the one that kills me the most is Welsh

06:59:48 moiety: haha theres loads, Caoimhe is irish gaelic

06:59:53 MisterE: those dudes I dunno WTF they are saying

06:59:53 fluffypony: akstunt600: http://i.imgur.com/jrWdeMM.jpg

06:59:57 moiety: welsh is south to me :P

07:00:02 MisterE: yea heh

07:00:07 MisterE: I'm at the equator

07:00:12 akstunt600: lol

07:00:27 moiety: they have incredibly long townnames, the welsh. i find their accent pretty humourous

07:00:35 MisterE: me too

07:00:47 Mats_cd03: moiety: preparing for a move out to a boston suburb, gonna be out there for a few months before i go to s. korea

07:00:49 MisterE: brits have some Hello Kitty like town names eh?

07:01:02 MisterE: something you'd expect a village of hobbits to be named

07:01:07 Mats_cd03: giving away most of my shit and hiding the rest in friends garages :P

07:01:11 fluffypony: all this talk makes me want to do a tour of Ireland

07:01:18 MisterE: Mats_cd03: I love that feeling

07:01:23 MisterE: dumping off all the baggage

07:01:23 moiety: Mats_cd03: I'm learning korean! where are you off to?

07:01:34 MisterE: korean is fscking hard!

07:01:41 Mats_cd03: dunno really

07:01:53 moiety: MisterE: the town where i grew up mostly, is where peter pan originated so....

07:01:56 MisterE: Boston, where they paaark the caaar, at the paaarty

07:01:58 Mats_cd03: i'm on civ-mil orders so i find out when i arrive i believe

07:02:12 Mats_cd03: (dirty gi here)

07:02:23 akstunt600: lol

07:02:26 fluffypony: lol

07:02:31 MisterE: merc :p

07:02:56 Mats_cd03: i went to a barber shop last time expecting a haircut

07:03:12 moiety: MisterE: korean is piss easy. the kind rewrote it in the 14th century because he wanted it to be easier to learn (less illiterates). Its based all around the shape your mouth and throat make to make the sounds of each syllable. also, man, earth etc

07:03:13 fluffypony: pahk the cah in Baaahstin

07:03:16 Mats_cd03: that didn't happen

07:03:20 moiety: King**

07:03:28 Mats_cd03: yeah learning the korean alphabet is easy

07:03:30 MisterE: interesting

07:03:41 assbot: [HAVELOCK] [PETA] 2 @ 0.05289729 = 0.1058 BTC [+] {2}

07:03:45 Mats_cd03: its popularly known as something you can learn in a day - reading and writing, anyway

07:03:55 *: akstunt600 wants to travel

07:04:01 MisterE: but I will always be waygookin

07:04:04 Mats_cd03: speaking and comprehension is another story... korean is a stupid language

07:04:04 moiety: yep... its remembering where everything is on the keyboard i have trouble with XD

07:04:05 akstunt600: i have only been to a fee countries

07:04:09 MisterE: so not much fun

07:04:13 akstunt600: but seen all 50 states

07:04:16 Mats_cd03: yeah koreans are horrible

07:04:16 MisterE: Mats_cd03: what they call you?

07:04:23 MisterE: rucking xenophobes

07:04:32 Mats_cd03: i dunno

07:04:36 akstunt600: ok all im out

07:04:39 akstunt600: sleep and such

07:04:42 akstunt600: peace

07:04:46 MisterE: nn ak

07:05:05 Mats_cd03: koreans are lucky to be industrialized enough to be douchebags in asia

07:05:06 moiety: there are also very little dialect type variations in korea. its pretty homogenous. In japanese, you have four levels of politeness. oldest gen cant reall understand the youngest gen. as with thailand, place to place. people from bangkok can't always understand the rural people

07:05:20 Mats_cd03: the us lifted them out of sheer poverty and created a democratic society for them

07:05:31 BingoBoingo: .d

07:05:31 ozbot: 6.120 billion | Next Diff in 1140 blocks | Estimated Change: 3.8860% in 7d 14h 28m 33s

07:05:32 MisterE: if it weren't for ther war they would be another third rate shithole like Laos

07:05:34 Mats_cd03: koreans didnt have class structures, wealth, or religious beliefs

07:05:38 MisterE: or maybe Vietnam

07:05:51 MisterE: harsh but true

07:05:57 Mats_cd03: they were in a unique period of time and benefited from american protectionism... now they're the favorite child of asia

07:06:00 MisterE: and what up with the Japanese hate

07:06:07 MisterE: they are so similar yet so much hate

07:06:08 moiety: yes they did. they are very structured

07:06:41 Mats_cd03: my understanding is the entire society didnt have classes

07:06:47 moiety: they are also pretty religious. though have shifted from mainly buddhist to mainly christian thesedays

07:06:53 MisterE: yea into the haves and will never haves

07:06:53 Mats_cd03: in the way we use the word today to refer to socialism, etc...

07:06:54 MisterE: heh

07:07:00 moiety: i believe different re classes

07:07:03 Mats_cd03: yes they are now supremely christian thanks to murican missionaries

07:07:11 MisterE: that sucks balls

07:07:23 Mats_cd03: the jp hate is warranted, but im also ethnic han

07:07:33 MisterE: I mean I like that Jesus dude but Christians are assholes

07:07:35 Mats_cd03: to this day the .jp govt denies or downplays the events of ww2

07:07:35 moiety: but more so, its focus is on age. the older you are the higher up you are

07:07:49 moiety: like, your boss can beat you np

07:07:54 Mats_cd03: serious victimhood play acting going on and it pisses chinese nationals off

07:07:58 MisterE: oh that ww2 resentment will never die

07:08:09 Mats_cd03: e.g. denying nanjing happened, or pretending like 20k people died total

07:08:12 MisterE: thats not the first time jpas come barreling into china raping and pillaging

07:08:20 MisterE: happened a lot previous to ww2

07:08:28 Mats_cd03: and they were all just, you know, shot in the head, instead of having mothers heads cut off and then forcing siblings to fuck each other, etc

07:08:44 Mats_cd03: it was relatively rare if you are a student of chinese history

07:08:46 assbot: [HAVELOCK] [AM100] 75 @ 0.00584227 = 0.4382 BTC [+] {2}

07:08:59 moiety: ;; later tell nubbins` quick question, have you seen Taegukgi?

07:09:00 gribble: The operation succeeded.

07:09:10 Mats_cd03: happened... just once before, because the brits gave .jp firearms

07:09:28 Mats_cd03: otherwise china has been the big brother in the relationship for most of its existence

07:09:32 MisterE: no going back centuries japanese were raiding manchuria iirc

07:09:35 moiety: ;; later tell nubbins` or May 18 for that matter?

07:09:35 gribble: The operation succeeded.

07:09:37 Mats_cd03: jp culture derives heavily from chinese customs, for one

07:09:44 MisterE: yes

07:09:47 assbot: [HAVELOCK] [PETA] 4 @ 0.05263897 = 0.2106 BTC [-]

07:09:55 moiety: BingoBoingo: hihi

07:10:01 MisterE: hi

07:10:03 BingoBoingo: hi moiety

07:10:11 Mats_cd03: moiety: yeah lol. the violence is absurd

07:10:13 MisterE: BingoBoingo fan club

07:10:21 Mats_cd03: a peer of mine did a stint in the korean forces

07:10:35 Mats_cd03: he claimed 2000 conscripts a year ended up dead

07:10:44 Mats_cd03: due to abuse by superiors and the like

07:10:50 MisterE: what now?

07:10:54 MisterE: what violence?

07:11:06 Mats_cd03: koreans are incredibly belligerent

07:11:10 moiety: BingoBoingo: do we get a badge for this club? ;P how are you?

07:11:24 Mats_cd03: and the way the hierarchy is setup, superiors are essentially allowed to abuse subordinates

07:11:31 MisterE: Mats_cd03: I've had a lot of problems with drunk Korean men pickign fights with me

07:11:34 Mats_cd03: e.g. physical beatings as corrective action

07:11:36 BingoBoingo: I'm good, moiety Maybe set a bounty for one of your doders to make one?

07:11:47 Mats_cd03: the belligerence is literally part of their culture

07:12:01 moiety: MisterE: http://en.wikipedia.org/wiki/May_18_%28film%29

07:12:26 moiety: BingoBoingo: i could always stamp some.....

07:12:38 BingoBoingo: moiety: You could indeed

07:13:12 BingoBoingo: moiety: You ever make that new site?

07:13:19 Mats_cd03: anyway, to reiterate, the border conflicts was one thing (re: manchuria)

07:13:22 BingoBoingo: for manuls?

07:13:35 Mats_cd03: japan has rarely been in a position to threaten china proper

07:13:46 MisterE: I started carrying a shillelagh of sorts in Iatewan

07:13:56 MisterE: never used it thank god

07:14:11 Mats_cd03: china has dealt with border issues since time immemorial

07:14:16 MisterE: Being US in Korea is extra harsh

07:14:25 MisterE: yea so has Russia

07:14:31 moiety: BingoBoingo: i had to take some time out, everything went on hold. // your badge turns out quite long http://i.imgur.com/Kt188e4.png

07:14:32 MisterE: thats why I wish US would back the fuck off

07:14:40 Mats_cd03: lol and nobody wants to live in russia

07:14:45 MisterE: heh

07:14:50 BingoBoingo: lol

07:14:54 MisterE: lol

07:15:02 MisterE: moiety: fine work!

07:15:39 moiety: :D i like binary

07:15:52 MisterE: Mats_cd03: is Memories of Murder 2003 any good?

07:16:22 moiety: BingoBoingo: i think i would get tired doing those

07:16:25 Mats_cd03: idk ive never seen it

07:16:42 MisterE: http://www.imdb.com/title/tt0800341/

07:16:43 ozbot: Hwa-ryeo-han-hyoo-ga (2007) - IMDb

07:16:43 Mats_cd03: http://en.wikipedia.org/wiki/The_Raid:_Redemption watch that

07:16:44 ozbot: The Raid: Redemption - Wikipedia, the free encyclopedia

07:17:24 MisterE: pencak silat intersting

07:17:31 MisterE: never heard of it

07:17:36 moiety: BingoBoingo: i also cant get my domain just now. a roof is taking priority, you know?

07:17:48 BingoBoingo: Ah yeah

07:17:48 MisterE: I'm Bangkok based usually Mats_cd03

07:18:09 moiety: considering throwing it on the mc domain though

07:18:27 fluffypony: moiety: I'll buy you a domain

07:18:33 *: moiety discovered cowsay - lots of time wasted

07:18:35 Mats_cd03: hows the weather this time of year

07:18:56 moiety: fluffypony: o.o very kind but why would you do that?

07:19:12 fluffypony: moiety: I have funds sitting in my NameCheap account, might as well use them

07:19:20 fluffypony: besides, I always start a project by buying the domain, lol

07:19:43 fluffypony: http://xkcd.com/1354/

07:19:44 ozbot: xkcd: Heartbleed Explanation

07:19:48 moiety: oh this is a purely useless endeavour, i cant even call it a project XD i just like manuls

07:19:57 assbot: [MPEX] [S.MPOE] 5500 @ 0.0009629 = 5.296 BTC [-]

07:20:02 fluffypony: moiety: pm me the details and I'll hook it up

07:20:56 Mats_cd03: pretty good layman's explanation

07:21:08 fluffypony: Mats_cd03: yeah I thought so

07:21:29 moiety: lol @ xkcd, thanks fluffypony it's ok though, it's a .ae i had my eye on.

07:21:45 moiety: is fantasticfelinae too long do you think?

07:22:00 moiety: its really all thats left for .usuals

07:23:01 Mats_cd03: ;;later tell asciilifeform got free time? https://microcorruption.com memory corruption CTF

07:23:01 gribble: The operation succeeded.

07:24:34 moiety: i have also adopted css into my life, gosh that saves a whole bunch of time

07:25:11 Mats_cd03: MisterE: if you like The Departed and .hk cinema, Infernal Affairs is worth watching; it is the movie that inspired Scorsese

07:25:19 moiety: Mats_cd03: nooo, don't fill his free time. I need manuls and lasers in that free time

07:26:19 BingoBoingo: ;;laserkittens

07:26:20 gribble: ุ ₍˄.͡˳̫.˄₎ ุ ┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew*

07:26:21 Mats_cd03: ascii is a programmer as well as a purveyor of cats and lasers?

07:26:29 Mats_cd03: much range

07:26:29 minersdidit: any votes on who should be the next developer to step down?

07:26:31 moiety: win felin.ae is still avail

07:26:40 moiety: holy shit when did gribble start doing that?!?!

07:26:50 moiety: gribble: i love you

07:26:50 fluffypony: moiety: since it became sentient

07:27:11 fluffypony: nanotube merged his consciousness with gribble in January

07:27:22 BingoBoingo: minersdidit: DOes it really matter. They are kind of walled off in the ghetto anyways. Just give them plenty of bicycles to steal and they won't have time to fuck shit up anymore.

07:27:29 moiety: BingoBoingo: how have i missed this? are yous worried thats all i do?!

07:27:36 moiety: i will*

07:27:59 BingoBoingo: moiety: I'm not too worried

07:28:11 moiety: Mats_cd03: he has a laser all to himself! and he introduced me to manuls

07:28:23 moiety: does anything worry you BingoBoingo?

07:28:38 BingoBoingo: moiety: Because bottles get empty

07:28:57 moiety: :D this is when chess needs to be played

07:29:34 BingoBoingo: OH, I've got to get some blags wrote atm

07:29:42 BingoBoingo: finally caught up the lags

07:30:25 moiety: i'll check the record for new things soon then!

07:30:39 Mats_cd03: anyone want to play a blitz round

07:30:46 BingoBoingo: https://twitter.com/lolojones/statuses/454405650647228416

07:30:47 ozbot: Twitter / lolojones: It's amazing that Drake is ...

07:30:47 assbot: AMAZING COMPANY!

07:31:07 Mats_cd03: http://lichess.org/664yubqs

07:31:18 fluffypony: Mats_cd03: I'm on

07:31:19 BingoBoingo: Mats_cd03: WHen truffles is around he is usually into the blitx stuff

07:32:49 moiety: Mats_cd03: I can only play BingoBoingo for now, he's rather forgiving for my being a learner

07:33:05 BingoBoingo: moiety: Give Mats_cd03 a play

07:34:05 moiety: they are playing really fast!

07:34:07 Mats_cd03: fucking drake lol

07:34:19 Mats_cd03: i cant believe some guy that got his start in degrassi

07:34:23 Mats_cd03: in a wheelchair

07:34:25 Mats_cd03: who is a canadian jew

07:34:29 Mats_cd03: got into rap

07:35:16 BingoBoingo: The world is weird

07:35:24 moiety: they all kinda blend into one person for me

07:35:26 Mats_cd03: started from the bottom indeed

07:36:59 cazalla: degrassi isn't degassi unless it's old school zit remedy degrassi

07:38:15 assbot: [MPEX] [S.MPOE] 7487 @ 0.00096255 = 7.2066 BTC [-]

07:38:31 moiety: http://imgur.com/gallery/NA5fWjA would a bear/felinae site be a little strange?!

07:38:31 ozbot: He wanted to go dressed as a bear. - Imgur

07:39:59 MisterE: Mats_cd03: http://www.imdb.com/title/tt0338564/ ??

07:40:44 moiety: my gosh you guys have already stolen lots of each others bits o.o

07:40:48 fluffypony: lol

07:41:13 MisterE: If I could get all the bits back this channel has stolen I'd be rich!

07:41:20 moiety: BingoBoingo was going away and doing things while i made a move lol

07:41:49 Mats_cd03: yeah MisterE

07:41:51 BingoBoingo: ah

07:42:31 moiety: whats the collective term for all the chess people bits? just, pieces?

07:43:03 danielpbarron: set?

07:43:12 moiety: just the people not the board too

07:43:44 moiety: aaaaaaand this is why you don't play me at chess

07:43:55 danielpbarron: chess set noun 1. a chessboard and a set of chessmen.

07:44:14 moiety: chessmen... poor queenie

07:44:15 danielpbarron: i believe that's called checkmate

07:44:43 moiety: she seems to be the only one i can do any damage with

07:45:14 Mats_cd03: read a book

07:45:50 moiety: things are better retained through action

07:46:26 moiety: except castling... that shit is never going in, i fear

07:49:49 fluffypony: nice game Mats_cd03

07:50:05 Mats_cd03: heh i need practice

07:50:14 fluffypony: yeah also

07:50:18 Mats_cd03: you did well though

07:50:18 fluffypony: that timer freaks me out

07:50:34 fluffypony: when I was at 45s left I started panic moving

07:50:52 Mats_cd03: haha yeah blitz is hard like that

07:51:07 Mats_cd03: takes experience to know how to react to openings quickly

07:51:16 fluffypony: yeah

07:51:24 fluffypony: must definitely play again

07:51:54 Mats_cd03: sleepy time; night everyone

07:52:07 fluffypony: night

07:54:31 moiety: night Mats_cd03 :) sleep well

07:58:01 moiety: my mouse is having a stroke, need a restart o.o

08:05:34 minersdidit: good riddance

08:05:43 minersdidit: guy was annoying

08:06:52 minersdidit: M ats_cd03: the nigger jew you were asking about is drake

08:07:35 minersdidit: lmao @ mpex shares still trading

08:07:41 minersdidit: who is seriously buying that shit

08:14:14 moiety: o.o ok

08:33:09 assbot: [MPEX] [S.MPOE] 6020 @ 0.00096255 = 5.7946 BTC [-]

08:33:27 Namworld: [04:07] <minersdidit> lmao @ mpex shares still trading

08:35:00 Namworld: You seem to be in the wrong channel.

08:35:14 Namworld: Kind of a large MPEx crowd in here.

08:36:13 Namworld: eh, he left

09:03:39 assbot: [MPEX] [S.MPOE] 1550 @ 0.00096226 = 1.4915 BTC [-]

09:05:44 Duffer1: he's been trolling the chan all day

09:39:14 assbot: [MPEX] [S.MPOE] 5800 @ 0.00096243 = 5.5821 BTC [+]

09:51:26 assbot: [MPEX] [S.MPOE] 11600 @ 0.00096226 = 11.1622 BTC [-]

09:55:30 assbot: [MPEX] [S.MPOE] 3438 @ 0.00095954 = 3.2989 BTC [-] {2}

10:28:02 assbot: [HAVELOCK] [PETA] 3 @ 0.05193743 = 0.1558 BTC [-]

10:31:05 assbot: [HAVELOCK] [PETA] 2 @ 0.05193742 = 0.1039 BTC [-]

10:36:10 assbot: [HAVELOCK] [AM100] 43 @ 0.0057 = 0.2451 BTC [-] {2}

10:43:17 assbot: [HAVELOCK] [RENT] 100 @ 0.0075 = 0.75 BTC [+]

10:57:31 assbot: [HAVELOCK] [AM100] 78 @ 0.0057 = 0.4446 BTC [-]

10:57:59 MisterE: http://blog.detectify.com/post/82370846588/how-we-got-read-access-on-googles-production-servers

10:57:59 ozbot: Detectify Blog – How we got read access on Google's production servers

11:00:05 fluffypony: yeah just read that

11:00:10 fluffypony: very clever

11:01:35 assbot: [MPEX] [S.MPOE] 6100 @ 0.00095785 = 5.8429 BTC [-] {2}

11:08:56 pankkake: lol XML!

11:17:56 mircea_popescu: MisterE lmao good one

11:22:54 MisterE: yea the holy grail

11:26:31 mircea_popescu: all this twitter chatter about omg dropbox. i never used it, because i didn't fucking like the idea a decade ago. now everyone stops liking the idea. i guess we all end up in the same spot eventually.

11:29:20 MisterE: I dumped all cloud services except Mega last year

11:30:41 mircea_popescu: i never used any. because why ? i still don't get it.

11:31:10 MisterE: sometimes when I was teaching I had to have my students download files

11:31:39 MisterE: few other use cases but I agree and hardly use it at all these days

11:31:39 fluffypony: yeah I've had a similar use-case

11:31:49 fluffypony: sharing files with non-technical people

11:31:55 MisterE: ^ that

11:32:16 fluffypony: if it's with technical people I'd rather use git for versioning/sharing

11:32:31 pankkake: people don't like dropbox now? why?

11:32:35 MisterE: mircea_popescu just doesn't deal with any non-technical people I don;t think :)

11:32:40 mircea_popescu: https://twitter.com/Mircea_Popescu/status/454582751820533761

11:32:40 ozbot: Twitter / Mircea_Popescu: @pdacosta Ahaha this is the ...

11:33:02 fluffypony: pankkake: coz of http://www.drop-dropbox.com

11:33:10 MisterE: pankkake: well for one they just put that torture, WMD, lying bitch Codaleeza Rice on their board.

11:33:16 mircea_popescu: MisterE so what's the problem to i dunno, dumpingthem on a server with apache ?

11:33:20 mircea_popescu: http has file transfer.

11:33:28 pankkake: not that you should ever have liked it - any honest competitor should have a fully open source CLIENT and CLIENT-SIDE encryption

11:33:42 fluffypony: mircea_popescu: it's not that way, it's the other way around as well

11:33:46 fluffypony: they need to send to youa

11:33:51 fluffypony: once they've made changes

11:34:24 mircea_popescu: oic.

11:34:39 MisterE: yea it's a nightmare

11:34:40 fluffypony: I tried doing the FTP thing ages ago with someone

11:34:42 fluffypony: it was awful

11:34:47 mircea_popescu: so if these are text files just dump a blog software or something on a webserver

11:34:51 pankkake: dropbox provides easy file versionning and synchronisation. personally, I use git, but it's not the same crowd

11:34:57 pankkake: for

11:35:01 MisterE: git is great!

11:35:02 mircea_popescu: dun tell me they're "making changes" in photoshop

11:35:23 MisterE: editingmovies on the fly heh

11:35:24 fluffypony: mircea_popescu: no normally Excel/Word documents, not plain text

11:35:38 mircea_popescu: i guess that's where we differ. i'd have forced all kids write .txt

11:35:51 mircea_popescu: excel/word seriously ?! F+

11:35:56 MisterE: :)

11:36:06 fluffypony: heh

11:36:09 assbot: [MPEX] [S.MPOE] 15564 @ 0.00095585 = 14.8768 BTC [-] {2}

11:36:13 fluffypony: I tried teaching someone markdown the other day

11:36:17 fluffypony: gave up after an hour

11:36:23 MisterE: many of my Asian students would have needed detailed instructions to make .txt

11:36:25 mircea_popescu: this is how kids grow up to be 37 yo "senior counsel" that can't express itself in writing needs to talk on the phone.

11:36:30 mircea_popescu: enrich their fucking minds damnit

11:36:35 MisterE: ^ yep

11:36:43 mircea_popescu: MisterE now why would that be ?!

11:36:51 mircea_popescu: http://www.bbc.com/news/health-26885335

11:36:52 ozbot: BBC News - Doctors implant lab-grown vagina

11:37:12 mircea_popescu: just think about it ... chicks that could be walking around with synthetic vaginas in their tits

11:37:13 MisterE: the education system in many countries turns out the most low quality product I could ever imagine

11:37:22 mircea_popescu: could nevertheless not type text into their computor.

11:37:25 mircea_popescu: strange new world.

11:37:33 fluffypony: well the reason Excel is so pervasive is because it allows for simple (and sometimes invalid/incorrect) data analysis for even the most non-technical

11:37:47 MisterE: with multiple vags they probably won't have to worry about typing to make money heh

11:37:54 mircea_popescu: fluffypony you mean their cheap matlab clone ?

11:38:07 fluffypony: mircea_popescu: yeah, but try teaching matlab to someone

11:38:17 fluffypony: or try teaching them to use sql as an alternative

11:38:20 fluffypony: even with UI tools

11:38:21 mircea_popescu: ok. i now appreciate the shit you folks have to deal it.

11:38:24 MisterE: yea it's insane how stuck on MS education is

11:38:30 mircea_popescu: i never would, personally, which is why i don't teach there.

11:38:46 MisterE: they absolutely know nothing else but Word Excel and FB

11:38:56 fluffypony: MisterE: yeah I never understood that, I always figured educators would want to use whatever was cheap and accessible, but MS has a foothold that isn't going away

11:39:15 MisterE: yea it's terrible I got out of teaching ASAP but good way to land in a country and get the lay of the land and make a few connections

11:39:27 cazalla: MS give it away for free to keep the foothold, don't they?

11:39:29 mircea_popescu: this is a good point.

11:39:36 MisterE: I loved teaching the young kids but the uni level I just hated

11:39:42 mircea_popescu: cazalla not really anymore than pharma gives meds away

11:39:46 MisterE: here it is all pirated

11:40:07 fluffypony: cazalla: they have an education edition of office, can't remember what it's called, but it's cheaper - not free

11:40:19 cazalla: must be an aussie thing

11:40:23 mircea_popescu: fluffypony why not just use open/libre office ?

11:40:33 mircea_popescu: it's definitely a drop-in replacement for excel etc

11:40:40 mircea_popescu: and it will save in proper formats.

11:40:40 fluffypony: yep I know, but they're afraid of it

11:40:44 mircea_popescu: ...

11:40:58 fluffypony: well I'm talking more from a business stand point than an education one

11:41:03 MisterE: I dunno why they, Asians at least, simply can't get it in their head that there are other options.

11:41:04 pankkake: MisterE: some people sent me one-page powerpoints with only one image in it

11:41:10 pankkake: or other crap

11:41:12 fluffypony: but what I've seen happen is that some IT guy gets the bright idea to cut down on licensing costs by going OO/LO

11:41:16 mircea_popescu: anyway, your solution re the file problem : get them to migrate to open office, have their shit exported as whatever mark-up, it can be uploaded and validated on webserver.

11:41:35 mircea_popescu: and you're doing more for a better world than any vegetarian/ecologist/occupywallstreet/other idjit.

11:41:38 fluffypony: until some manager gets sent an Excel file with something complicated/shit (VBA, PivotCharts, PivotTables)

11:41:43 fluffypony: and it breaks in OO/LO

11:41:48 fluffypony: and then everyone goes back to MS Office

11:42:04 fluffypony: and the cycle continues

11:42:09 pankkake: by the way, if you like git, you can *diff* openoffice documents. https://git.wiki.kernel.org/index.php/GitTips#How_to_use_git_to_track_OpenDocument_.28OpenOffice.2C_Koffice.29_files.3F

11:42:22 mircea_popescu: fluffypony you've4 just explained the market incentive for ms windows to stay obscure and broken.

11:42:28 mircea_popescu: people usually harp about it, but this is why they do it.

11:42:28 MisterE: school gave a colleague a hard time for not teaching Office iirc. He was only talking about cross platform compatibility but got called in for a discussion because students had complained

11:42:32 fluffypony: mircea_popescu: exactly

11:42:36 mircea_popescu: "our customers are many and stupid, we gotta "

11:42:46 mircea_popescu: a product, willy-nilly, ends up looking like its userbase.

11:43:06 MisterE: thats a terrible thing about the education system here teachers don't judge students because of the cultural / social hierarchy teachers are rated by students with rich parents

11:43:26 mircea_popescu: that's actually great.

11:43:30 MisterE: mircea_popescu: yea I just read your PR post on your blog about customers :)

11:44:57 MisterE: well it could be if used right but, since only wealthy kids here can afford Western teachers it's lazy dumb rich kids who cry to daddy when you try to get them to do anything productive then daddy calls school and teacher has a problem

11:45:11 MisterE: that and the no fail policy are why I left as fast as I did

11:45:13 MisterE: it's a joke

11:45:31 fluffypony: oh FFS, our maid just broke another iron

11:45:39 mircea_popescu: MisterE so tell dady how it is.

11:45:45 MisterE: oh FFS, first world problems :p

11:45:45 mircea_popescu: daddy is rich, he can't really be stupid.

11:45:52 fluffypony: MisterE: lawlz

11:46:05 MisterE: actually it's not a meritocracy, rich here often are the most stupid

11:46:26 MisterE: they buy their degrees from schools who dont make them work and are guaranteed work from family

11:46:27 mircea_popescu: which country is that again ?

11:46:40 fluffypony: MisterE: I think that's sometimes/often a product of "I inherited money so making money was a matter of only making a few major mistakes"

11:46:51 MisterE: Thailand is where I taught

11:46:58 fluffypony: where a poor/middle-class person can virtually be wiped out by making a major mistake

11:47:03 MisterE: but most SE Asian eduction systems are similar

11:47:11 mircea_popescu: i wonder how it survives.

11:47:21 mircea_popescu: theoretically speaking at least they should have been massacred in teh marketplace.

11:47:22 MisterE: Burma is much better interestingly

11:47:39 MisterE: and all the boat people coming back to Vietnam with Western education things are booming there

11:47:51 MisterE: well thailand is responsible for 19997

11:48:09 MisterE: they constantly institute capitol controls that shoot themselves in the foot

11:48:11 mircea_popescu: wassat ?

11:48:14 mircea_popescu: oh

11:48:15 mircea_popescu: lol

11:48:20 MisterE: they lost billions on a populist rice pledging scheme

11:48:34 mircea_popescu: so basically, thailand is a set of old landed gentry trying their best to stick to relevancy ? sorta like argentina ?

11:48:54 MisterE: they really are dumb I mean I dont want to be racist but Thailand is run and full of dumb people

11:49:01 MisterE: thats why people enjoy vacation so uch here

11:49:02 fluffypony: btw pankkake, good article on another XXE issue in OpenID from earlier this year: http://www.sensepost.com/blog/10178.html

11:49:12 mircea_popescu: lol

11:49:18 MisterE: mircea_popescu: that's pretty good analysis

11:49:21 mircea_popescu: who the fuck wants to be with stupid people.

11:49:35 MisterE: old money here has been around for generations and nothing much has changed under the hood

11:49:47 MisterE: though as is typical in Asia lots of new paintjobs :)

11:50:01 MisterE: I tell you it really wears on me at times

11:50:19 cazalla: i thought people go to thailand for sex tourism?

11:50:30 mircea_popescu: MisterE actually i think i get whart you mean re vacations. costa rica is a pleasure, but yeah the locals are really slow.

11:50:40 MisterE: I irc a lot and hang out at the foreign corespondent's club and stay sane that way

11:50:41 Apocalyptic: mircea_popescu would retort with "who the fuck wants to fuck stupid people"

11:50:51 mircea_popescu: Apocalyptic men.

11:50:55 MisterE: you really do not want to live here unless you're retiring

11:51:12 MisterE: especially if you have any addictive personality or not able to self-motivate

11:51:32 mircea_popescu: so basically you made your own zombie attack.

11:51:40 MisterE: I get out to hk and cx and sg often so BKK is a great base

11:51:47 MisterE: lol

11:51:54 MisterE: I could for shure

11:52:20 MisterE: also my standard of living is high and super cheap

11:52:31 MisterE: girls are very very hot

11:52:46 mircea_popescu: really, this is true of most of the world outside of some very narrowly selected places.

11:53:14 mircea_popescu: most places that aren't california, new york, pairs etc have high living standards of living, plentiful and obedient good looking women etc.

11:53:21 mircea_popescu: the trick is to not live in rome, as it were.

11:53:38 MisterE: well you can't match the cost of living here in most places where Western comforts are available granted though I've given up on most of them just because of changing

11:54:29 mircea_popescu: how not ? i've lived pretty much all over the world. living space costs you something in the range of a dollar per square foot per year.

11:55:10 mircea_popescu: food (actual, as opposed to whatever the fuck us fastfood is) will run you ten bux a day and so on

11:55:42 MisterE: my last place was about 80sqm, near the beach, a duplex, 2 bed 1nice bath and full kitchen (not often found here) and rent $230

11:55:51 MisterE: food is same everywhere

11:56:03 MisterE: if you want to eat healthy

11:56:03 mircea_popescu: ;;calc 230 * 12 / 80 / 9

11:56:03 gribble: 3.83333333333

11:56:11 Apocalyptic: SG is nice, though expensive for Asia standards

11:56:23 mircea_popescu: i guess you paid extra fo rthe beach and the kitchen

11:56:32 Apocalyptic: i read somewhere it's becoming the most expensive city in the world

11:56:33 MisterE: yea I would never live in sg because of the cost or hk also the space

11:56:38 mircea_popescu: (really, very small places throw the curve)

11:57:03 MisterE: that same place would have been $1500 in Berkeley or $3500 in SF

11:57:21 mircea_popescu: but i just said "most places that aren't california, new york, pairs etc"

11:57:26 mircea_popescu: you dun wanna live in rome.

11:57:45 MisterE: yea I sort of did want to live in a beach town a coupl eyears

11:58:08 MisterE: it wore off now deciding what to do next and rural is definitely the way forward

11:58:20 MisterE: I'm old done enough cities

11:58:41 cazalla: that's what i'm doing in 18-24 months MisterE

11:58:53 mircea_popescu: haha we're exact opposite ends of the cycle. i'm sick of peace and quiet.

11:58:56 cazalla: headed innawoods in tasmania

11:59:07 mircea_popescu: cazalla with the kid ?!

11:59:11 MisterE: I wouldn't want to live anywhere that wasn't reasonably close to somewhere with culture and fun though it's worth it to pay for that

11:59:19 MisterE: like I'd never live in Kansas

11:59:33 assbot: [HAVELOCK] [AM1] 17 @ 0.58000235 = 9.86 BTC [-] {3}

11:59:35 MisterE: or you know OK mid-west wasteland

11:59:48 cazalla: mircea_popescu: tassie is small, i'll find an area with a school within an hour and the wife can drive him

12:00:20 MisterE: find a good school, build somethign nearby

12:00:31 cazalla: i was actually going to piss off and do this before she fell pregnant

12:00:35 MisterE: thats always what I thought I;d do but no kids ever came

12:00:42 MisterE: maybe I;m shooting blanks :)

12:01:11 mircea_popescu: haha which reminds me, there used to be this whore advertised as a cum grader

12:01:13 MisterE: you lived in au mircea_popescu ?

12:01:22 mircea_popescu: she supposedly could tell you if you were shooting blanks or not.

12:01:22 MisterE: lol nasty

12:01:23 mircea_popescu: MisterE nope.

12:01:33 MisterE: haha

12:01:34 assbot: [HAVELOCK] [PETA] 4 @ 0.051925 = 0.2077 BTC [+] {2}

12:02:01 fluffypony: MisterE: mircea_popescu likes to Remain Here

12:02:06 fluffypony: *awful pun*

12:02:10 MisterE: how expensive in Romania?

12:02:14 MisterE: heh

12:02:21 mircea_popescu: not terribly.

12:02:49 mircea_popescu: "The North Carolina Attorney General's Office is now joining other states investigating a massive data breach at a credit reporting agency that has put 200 million Social Security numbers at risk."

12:02:55 mircea_popescu: god fucking forbid they say EXPERIAN

12:03:08 mircea_popescu: on the other hand, if it were some shitty service nobody heard of that happened to take btc ?

12:03:11 MisterE: right, proicks protecting their corporate friends

12:03:13 mircea_popescu: BITCOIN SECURITY FLAW

12:03:27 fluffypony: mircea_popescu: CORE security flaw in the Bitcoin ponzi scam!

12:03:32 mircea_popescu: right.

12:03:34 MisterE: ^

12:03:41 fluffypony: allowed hackers to steal MILLIONS!

12:03:44 mircea_popescu: this is here so i have what to link journos when they need to be told how to cover btc.

12:03:56 mircea_popescu: cover it like it was obama's experian, fuckwit. because it is.

12:03:59 MisterE: corps hate us because we will gut and assimilate them one day

12:04:06 mircea_popescu: this is not a reason to hate.

12:04:11 mircea_popescu: this is a reason to fucking cuddle.

12:05:59 pankkake: jborkl: http://www.bcoinnews.com/feed/ = invalid xml

12:06:06 MisterE: reminds me of talking about saving face, Thai Air plane went off runway recently, monor accident few people roughed up but before deplaning or doing anything they had a crew out there covering the Thai logs

12:06:24 MisterE: logos*

12:06:41 fluffypony: lol! I have to try this tonight: http://i.imgur.com/TeHIhn9.jpg

12:07:31 mircea_popescu: MisterE lmao and they're allowed to ?

12:08:10 MisterE: fluffypony: did you read about how to make that in here? http://i.imgur.com/eSfqSKR.jpg

12:08:16 fluffypony: *clicks*

12:08:20 mircea_popescu: o wait, this is one of those fucktarded south asian countries which a) still has libel and b) truth is no defense to it ?

12:08:48 fluffypony: MisterE: indeed - that's the textbook I use for my Advanced Alcoholicist course

12:09:02 MisterE: \\\truth is a defense if you can afford to defend yourself defamation is prosecuted by the state and has a very chilling effect

12:09:08 MisterE: I'm involved with a case now

12:09:55 mircea_popescu: i remember some ridiculous thing where some blogger said she found a cockroach in her soup and then had to take down the post because the eatery objected

12:10:04 MisterE: the Lesse Majeste laws are what th is really know for being regressive about

12:10:05 mircea_popescu: fucking burn the place down, the gall of those people.

12:10:12 MisterE: right

12:10:32 mircea_popescu: MisterE amusingly, that part i can see. unless you're willing to go to war for the throne, stfu about the king.

12:10:34 mircea_popescu: this makes sense.

12:10:57 MisterE: well it's got that but on the upside nobody fucks with you here the cops do nothing they dont see their pace to intervene in personal disputes, you must have personal responsibility

12:11:11 mircea_popescu: also nice.

12:11:18 MisterE: I feel more free in reality here despite the nice piece of paper back in the US and my passport

12:11:30 MisterE: and nothing a little cash cant fix here even if I fuck up

12:11:45 MisterE: politeness of course trumps all

12:11:45 mircea_popescu: the advantage of corrupt societies.

12:12:00 MisterE: yes works to the foregners advantage almost always

12:12:00 mircea_popescu: people keep saying "corrupt" like it's a bad thing, but i seriously have been making it one of my top indicators

12:12:14 mircea_popescu: you dun wanna live in an "uncorrupt" society, because that always means totalitarian in practice.

12:12:17 MisterE: yea shit gets done when the wheels are greased

12:12:46 MisterE: US is nearly as corrupt but has a fucking elaborate system to shield it behind

12:13:00 MisterE: I may have more respect for Asians who just say hell with it and lay it on the table

12:13:49 mircea_popescu: MisterE try and tell a us cop that he either gets on his knees or he loses his job. then go pay his boss to fire him.

12:13:51 MisterE: tbh it effects me very little maybe once every other month in a minor driving incident

12:13:58 mircea_popescu: then get back to me about corrupt

12:14:10 MisterE: yea US cops are out of control

12:14:22 MisterE: I'm never going back ever

12:14:38 MisterE: but still remain interested in politics and happeings

12:14:47 assbot: [HAVELOCK] [PETA] 7 @ 0.0511 = 0.3577 BTC [-] {3}

12:14:54 mircea_popescu: humiliating the police force is pretty much the test. if they don't understand that they have to get out of the way of *some people* it ain't a country worth living in.

12:16:08 mircea_popescu: http://bitbet.us/bet/609/bitcoin-difficulty-to-fall/#c2768

12:16:10 ozbot: BitBet - Bitcoin difficulty to fall

12:16:13 MisterE: oh check out how the right of way system works here...

12:16:16 Apocalyptic: .d

12:16:16 ozbot: 6.120 billion | Next Diff in 1100 blocks | Estimated Change: 4.6909% in 7d 6h 42m 4s

12:16:18 mircea_popescu: kakobrekla check that out, there's class warfare on bitbet

12:19:17 MisterE: so pedestrians are on the bottom ofc and have to wait for everything, then motorbikes (mopeds), then cars, then trucks (medium size) then busses because state owned bug dgaf and will hammer you) then big trucks with like trailers and finally everyone yields to the lat model Mercedes Benz . This is because the Benz may be driven by a well connected person who could make problems for you so fucks in Benzes flaunt everyone

12:19:34 MisterE: and anyone important here gets a police escort there's dozens maybe hundreds a day

12:20:52 mircea_popescu: well that's nutty.

12:21:18 mircea_popescu: i much prefer the european system (pedestrian have priority over anything)

12:21:31 MisterE: when royal family travels pedestrian overpasses are blocked, not for security, but because no one can be positioned higher than a royal.

12:21:37 MisterE: me too!

12:22:02 MisterE: I think some jerks here actually accelerate when you're in a crosswalk

12:23:34 MisterE: mircea_popescu: tl;dr Thais are the nicest people money can buy.

12:23:40 mircea_popescu: lol

12:23:46 MisterE: ;)

12:23:56 assbot: [HAVELOCK] [PETA] 12 @ 0.05199999 = 0.624 BTC [+] {2}

12:24:12 fluffypony: heh

12:24:30 fluffypony: so someone placed a ~100 BTC buy order on Cryptsy for Dogecoin last night

12:24:42 fluffypony: from Reddit: "It's a Bitcoin investor that is going to capitalize on the ingenuity and creativity of Dogecoin."

12:24:55 Naphex: lol

12:24:57 assbot: [HAVELOCK] [PETA] 6 @ 0.05289998 = 0.3174 BTC [+] {2}

12:25:06 fluffypony: "This is a pump to say the least."

12:25:14 fluffypony: a 100 BTC buy is a pump?!

12:26:08 BingoBoingo: On something as worthless as Doge it is

12:26:22 mircea_popescu: that's ap oint.

12:26:23 fluffypony: BingoBoingo: true

12:26:28 mircea_popescu: what's it trade for ? still 100 satoshi ?

12:26:36 fluffypony: mircea_popescu: yeah the buy was at 98

12:26:42 fluffypony: currently sitting at 99 it seems

12:27:09 mircea_popescu: so basically... doge owner and operator spending 100 of his last 1xx btc in a doomed but desperate attempt to save his pump and dump scheme from oblivion

12:27:28 fluffypony: lol

12:27:30 mircea_popescu: in spite of having made ~70% losses on his total investment so far, and in spite of having managed to attreact the wrath of mp, dude still hopes.

12:27:42 MisterE: I read rumor that DOGE and LTC were combining lol

12:28:03 mircea_popescu: MisterE the shit consists of nothing but trying to somehow buy press coverage. so... yeah. rumours.

12:28:11 MisterE: there's a bitbet about dog still worffing

12:28:15 MisterE: woffing*

12:28:32 MisterE: yep think it was bitcointalk or some crap site

12:28:40 mircea_popescu: ya but it never gathered 10 btc worth of interest iirc

12:29:00 mircea_popescu: http://bitbet.us/bet/733/doge-still-woofing-on-april-fools-day/

12:29:01 ozbot: BitBet - Doge still woofing on April Fool's Day

12:30:57 BingoBoingo: Dogers aren't the type to have discovered hedging yet though

12:33:41 mircea_popescu: or their penises.

12:34:33 fluffypony: coinmarketcap hurts my brain with the number of bullshit coins on there

12:34:44 pankkake: I should have made the bet last more, but April 1st was a good date

12:35:07 assbot: [HAVELOCK] [B.MINE] 4 @ 0.03427436 = 0.1371 BTC [-] {3}

12:35:11 fluffypony: http://www.marinecoin.org

12:35:17 fluffypony: "Safari refresh couple of times if you don't see the entire webpage contents below."

12:35:22 fluffypony: wut

12:35:35 MisterE: Ya GF delivers Carl's Jr.!

12:35:49 fluffypony: "Marinecoin is far ahead of its time, 5-10 years beyond traditional thinking. Let them make fun of you if they wish, for you will have your "Who is laughing now?" moment, guaranteed."

12:36:03 mircea_popescu: derp.

12:36:05 *: fluffypony invests all of his Bitcoin right now!

12:36:13 MisterE: I know but chix sand not the worst and I do get cravings here

12:36:15 cazalla: Isracoin has been doing ok, they're gonna have an airdrop, wonder if the palestinians will do that for them heh

12:36:20 MisterE: Marinecoin

12:36:31 pankkake: fluffypony: that's how it looks to me and will stay that way: http://i.imgur.com/HwDveU3.png

12:36:39 MisterE: how could you make a coin to help carbon emissions?

12:36:54 fluffypony: pankkake: looks much better than the actual site

12:37:57 fluffypony: cazalla: all of the coins with a ** next to the total supply you can disregard

12:38:23 fluffypony: they're "significantly premined", so if two of them sell for 100 satoshi but there are 10 trillion premined

12:38:26 cazalla: i think you can disregard any without 1 next to them

12:38:28 fluffypony: well, you can figure out what that means

12:40:10 fluffypony: "Ladies and Gentlemen, we are ready and proud to announce, to educate the rest 99% of the population who has never heard about crypto currencies. The CHECKMATE Trading System. Using Eccentric Trade Matrix Harmonic Acceleration Technology. The one & only truly revolutionary trading platform based on quantum physics & electron flow dynamics mathematical formulas. A 6 dimensional chess game we have invented that will forever change how crypto

12:40:10 fluffypony: currencies are going to be traded in the very near future."

12:40:19 fluffypony: what in actual fuck are these people smoking

12:41:23 mircea_popescu: fluffypony basically it's like this : society consists at all times of some people in the center, and a bunch of nuts at the edges. they are at the edges because they suck.

12:41:33 mircea_popescu: now, all new things start at the edge and move towards the center.

12:41:49 mircea_popescu: and every time something looks like it's going that way, the filth tries to hitch a ride.

12:42:01 mircea_popescu: that's the winklevoss twins, in a word : scum facebook sorta-drug with it.

12:42:20 MisterE: fairly lengthy troll today from minersdidit

12:42:25 mircea_popescu: and every single nutty idea will try to pile itself on top of the train, as it were, just as long as they figure "thge train is going somewhere"

12:42:37 fluffypony: yeah

12:43:40 mircea_popescu: so expect to have flat earth bitcoin, godcoin, globalwarmingcoin, etc.

12:43:55 fluffypony: heh

12:44:21 MisterE: globalwarmingcoin was my idea!!

12:44:33 mircea_popescu: aok

12:44:41 MisterE: ;)

12:45:08 fluffypony: the altcoin section of Bitcointalk is becoming the Warrior Forums of BTC

12:46:16 mircea_popescu: indeed, very stylized

12:47:09 cazalla: fluffypony: WF is one step ahead, you have been able to buy WSO on making money with crypto for some time

12:47:19 fluffypony: hah

12:47:19 MisterE: I read a city minted a coin, only the local gov can mine it, and they're giving it for charitable things people do to help the city. now you can exchange for a title or crappy council resolution but trying to make more incentives for it.

12:47:21 fluffypony: well there you go

12:47:23 MisterE: US city

12:48:21 mircea_popescu: cazalla hardly one step ahead :D

12:48:31 pankkake: I hope Detroit launches Robocoin

12:48:41 mircea_popescu: either that or rapecoin.

12:48:59 mircea_popescu: "you get one every time you file a complaint"

12:49:26 pankkake: what about Ropecoin?

12:50:04 mircea_popescu: how's that work ?

12:50:46 fluffypony: you can use it to tie up your actual money?

12:51:29 mircea_popescu: lol

12:51:34 mircea_popescu: so you've been roped into it.

12:51:35 pankkake: can be either hanging themed or bondage themed

12:52:39 pankkake: bagholders would be at the end of the rope

12:53:50 fluffypony: nice

12:54:00 fluffypony: and you buy in with "proof of burn"

12:55:59 mircea_popescu: ouch.

12:56:05 mircea_popescu: ropeburn is not to be joked with

12:56:57 fluffypony: heh

12:57:29 assbot: [HAVELOCK] [SFI] 163 @ 0.00084999 = 0.1385 BTC [+]

12:58:30 assbot: [MPEX] [S.MPOE] 39726 @ 0.00096197 = 38.2152 BTC [+] {7}

13:00:57 BingoBoingo: . bait

13:01:02 BingoBoingo: .bait

13:01:03 ozbot: http://24.media.tumblr.com/af6a1e2d4cd7d09a70deb048d9ef6b61/tumblr_mwfotlpGXd1rv57fio1_500.jpg

13:01:28 BingoBoingo: ;;ticker --market all

13:01:33 assbot: [HAVELOCK] [ALC] 120 @ 0.14 = 16.8 BTC {4}

13:01:36 gribble: Bitstamp BTCUSD last: 426.1, vol: 64456.23973551 | BTC-E BTCUSD last: 420.0, vol: 53954.02149 | Bitfinex BTCUSD last: 427.9999, vol: 57019.52119721 | CampBX BTCUSD last: 425.15, vol: 383.30053439 | BTCChina BTCUSD last: 422.79566, vol: 9946.06750000 | Kraken BTCUSD last: 442.86987, vol: 18.99977414 | Bitcoin-Central BTCUSD last: 437.125486123, vol: 313.12483935 | Volume-weighted last (1 more message)

13:01:51 BingoBoingo: ;;more

13:01:51 gribble: average: 424.75524867

13:02:07 BingoBoingo: So BTC is pretty much back to where it was 2 days ago

13:02:34 assbot: [HAVELOCK] [ALC] 19 @ 0.14 = 2.66 BTC {2}

13:03:35 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

13:05:39 fluffypony: BingoBoingo: yes, until China bans bitcoin again

13:06:04 BingoBoingo: This is what, the seventh, eighth time already?

13:11:44 Duffer1: ;t h alc

13:11:50 Duffer1: ;ticker h alc

13:11:52 mircea_popescu: well they did win the bet...

13:12:44 assbot: [HAVELOCK] [B.MINE] 5 @ 0.03579999 = 0.179 BTC [+] {3}

13:13:45 assbot: [HAVELOCK] [B.MINE] 17 @ 0.03623524 = 0.616 BTC [+] {3}

13:20:52 assbot: [HAVELOCK] [ALC] 5 @ 0.14 = 0.7 BTC

13:21:07 MisterE: rapecoin lmao

13:21:31 pankkake: rape credits would be better. make them work like carbon credits

13:21:55 MisterE: murdercoin I might could get behind

13:22:10 MisterE: some people should not reproduce

13:23:21 pankkake: castracoin should be enough then

13:23:30 pankkake: or aborcoin

13:26:34 nubbins`: ;;later tell moiety Taegukgi yep, May 18 nope

13:26:34 gribble: The operation succeeded.

13:26:54 fluffypony: mircea_popescu: have you collected your Bitleu yet? https://bitcointalk.org/index.php?topic=510353.0

13:29:00 assbot: [HAVELOCK] [AM1] 1 @ 0.59389997 BTC [+]

13:29:06 MisterE: castracoin++

13:29:19 Apocalyptic: lmao

13:29:29 adolf_fishler: test

13:29:31 Apocalyptic: "Officical cryptocurrency of Romania?

13:29:31 Apocalyptic: Any proof of that ?"

13:29:38 Apocalyptic: these people...

13:29:59 mircea_popescu: that's ok, i'll do without

13:30:01 assbot: [HAVELOCK] [ALC] 6 @ 0.14 = 0.84 BTC

13:30:02 assbot: [HAVELOCK] [AM1] 2 @ 0.59399998 = 1.188 BTC [+] {2}

13:33:06 fluffypony: Apocalyptic: did they seriously misspell official?

13:33:31 Apocalyptic: they did

13:33:53 mircea_popescu: is this the same dork that kept trying to pump ixcoin ?

13:34:05 assbot: [HAVELOCK] [B.MINE] 3 @ 0.0364999 = 0.1095 BTC [+]

13:35:06 assbot: [HAVELOCK] [PETA] 3 @ 0.05130103 = 0.1539 BTC [-]

13:35:07 assbot: [HAVELOCK] [AM1] 1 @ 0.59389997 BTC [-]

13:35:08 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

13:36:07 assbot: [HAVELOCK] [PETA] 3 @ 0.05130103 = 0.1539 BTC [-] {2}

13:43:14 assbot: [HAVELOCK] [ALC] 10 @ 0.14 = 1.4 BTC

13:46:17 assbot: [HAVELOCK] [AM1] 7 @ 0.59498999 = 4.1649 BTC [+] {2}

13:46:18 assbot: [HAVELOCK] [PETA] 3 @ 0.0523 = 0.1569 BTC [+]

13:48:19 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

13:51:22 assbot: [HAVELOCK] [AM1] 2 @ 0.59389997 = 1.1878 BTC [-]

13:56:53 numerisTrade: hello

13:57:55 adolf_fishler: hello kind sir

13:58:12 artifexd: ;;later tell kakobrekla Why did assbot rate a bunch of people?

13:58:12 gribble: The operation succeeded.

13:58:22 adolf_fishler: based on sexyness?

14:00:40 pankkake: looks like a list of users active on #bitcoin-assets

14:00:50 mircea_popescu: artifexd because impending doom

14:03:22 artifexd: After the 12 hour troll fest in here last night, I wouldn't be surprised if #bitcoin-assets became +m and to get +v you had to be rated in the wot.

14:03:44 mircea_popescu: srsly ?

14:03:47 mircea_popescu: why are you so smart ?

14:03:48 pankkake: there was a troll?

14:04:12 artifexd: Of course, that increases the chicken/egg problem. Maybe being ident would be enough?

14:05:34 mircea_popescu: this isn't really meant as a first line "learn about bitcoin and share your feelings" venue anyway. there's the various forums and social media sites for that.

14:05:45 Apocalyptic: <intgr> "Theo De Raadt just set OPENSSL_NO_HEARTBEAT on libssl for OpenBSD. Shame that the actual flag is OPENSSL_NO_HEARTBEATS, so the commit does nothing."

14:05:55 mircea_popescu: Apocalyptic win

14:06:32 MisterE: any change of getting a raping from assbot?

14:06:36 MisterE: rating***

14:06:38 pankkake: https://xkcd.com/1354/ when you see it that way, you wonder how the fuck it wasn't found right away

14:06:38 ozbot: xkcd: Heartbleed Explanation

14:06:55 MisterE: damn 1 letter

14:07:00 mircea_popescu: pankkake answer contained in question : because everyone was too busy derping with xkcd

14:07:28 pankkake: too busy derping answers a lot of questions :/

14:07:37 MisterE: my fav xkcd: https://xkcd.com/386/

14:08:04 mircea_popescu: oglaf > xkcd

14:08:23 mircea_popescu: i wonder if this'll ever be a flamewar.

14:08:25 pankkake: MisterE: used to be my forum sig somewhere. it's an addiction, I always try to quit but I fall in it again

14:08:34 pankkake: apples > oranges

14:08:39 assbot: [HAVELOCK] [ALC] 50 @ 0.14 = 7 BTC

14:08:40 mircea_popescu: how so ?!

14:08:48 mircea_popescu: both cartoons neh ?

14:09:17 pankkake: I would actually argue that apples are better than oranges too

14:10:23 mircea_popescu: i dunno man. i really see it there. i love myself a summer evening apple, but also a winter morning orange.

14:10:24 MisterE: moar fiber

14:10:26 mircea_popescu: i couldnt switch

14:11:16 mircea_popescu: imo the biggest drawback of xckd is his psychotic relation to sexuality.

14:11:32 mircea_popescu: no penis ? seriously ?! what's this!

14:12:34 pankkake: MisterE: but oranges have moar vitamins, good for an early meal

14:12:58 mircea_popescu: also oranges much easier to share.

14:13:14 MisterE: hmm I do like me a fresh orange juice in the morning but lately the acid is not my friend :/

14:13:28 pankkake: I like the small oranges, clementines and mandarins, maybe because I'm a filthy individualist?

14:13:41 MisterE: in US I used to get the low acid concentraded OJ

14:13:44 assbot: [HAVELOCK] [PETA] 2 @ 0.0524298 = 0.1049 BTC [+]

14:13:49 pankkake: without the fiber it must be harder to digest

14:14:18 mircea_popescu: true story : me in a park, on bench, with apple. big fat red juicy apple. little girl sorta shyly eyeing my apple from a safe distance. so i extend it for her to take a bite. she bites and sorta... gets stuck ? starts shaking her head and eventually pulls away ?

14:14:18 MisterE: my stomach is a rock so I dunno why i eat chilies by the truckload

14:14:27 mircea_popescu: blood gushing everywhere. and my apple... now has a tooth in it.

14:14:28 MisterE: most Asians cant believe I eat spicy

14:14:35 MisterE: oh shit

14:14:37 pankkake: ouch

14:14:43 mircea_popescu: milk tooth.

14:15:56 MisterE: Thai New Year is here

14:16:01 mircea_popescu: happy ny.

14:16:04 MisterE: there are 3 Ney Years celebrations here

14:16:12 MisterE: Thai, Chinese and Western

14:16:17 MisterE: any excuse for a party

14:16:35 adolf_fishler: what kind of apple

14:16:36 adolf_fishler: was it

14:16:36 MisterE: but this shuts the country down like nothing else

14:16:36 adolf_fishler: ?

14:16:50 MisterE: streets in Bangkok that are usually jam packed will be wide open

14:17:05 MisterE: my problem is nobody to make me food heh

14:17:24 MisterE: probably will go for 3 days straight pizza

14:23:39 cazalla: you know you can have the best of both worlds with a meyer lemon, i have a tree, best lemons in the world

14:24:30 cazalla: how did i misread apple v orange as lemon v orange

14:24:45 mike_c: tumor

14:24:55 assbot: [HAVELOCK] [ALC] 5 @ 0.14 = 0.7 BTC

14:25:56 assbot: [HAVELOCK] [ALC] 30 @ 0.14 = 4.2 BTC

14:27:26 mircea_popescu: lupus

14:27:58 assbot: [HAVELOCK] [HIF] 3843 @ 0.00034912 = 1.3417 BTC [-] {14}

14:28:59 assbot: [HAVELOCK] [HIF] 3433 @ 0.00032912 = 1.1299 BTC [-] {5}

14:29:08 mircea_popescu: ;;echo $randomnick $randomnick sitting in a tree, k-i-s-s...

14:29:09 gribble: asciilifeform ystarnaud sitting in a tree, k-i-s-s...

14:29:23 mircea_popescu: evil.

14:36:14 rithm: recently in #bitcoin-mining: <Meldrysha> i bought a antminer u2+. but cgminer or bfg miner cant find the antminer. can anyone help me with my bad english?^^

14:36:22 rithm: that's a real line of text too

14:46:05 mircea_popescu: http://fraudsters.com/2014/a-virtual-socioeconomic-problem/

14:46:06 ozbot: A virtual socioeconomic problem pe fraudsters - Un blog de Mircea Popescu.

14:51:21 assbot: [HAVELOCK] [ALC] 2 @ 0.14 = 0.28 BTC

14:54:24 assbot: [HAVELOCK] [HMF] 14 @ 0.01079382 = 0.1511 BTC [+] {3}

14:56:26 assbot: [MPEX] [S.MPOE] 2700 @ 0.00096237 = 2.5984 BTC [+]

14:57:24 Shakespeare: just read your guild article

14:57:35 Shakespeare: i dont think it's one problem

14:58:01 Shakespeare: people play for different reasons, you cant cater to all of them

14:58:06 Shakespeare: but you also cant cater to none

14:58:28 assbot: [HAVELOCK] [AM100] 55 @ 0.00567009 = 0.3119 BTC [-] {3}

14:58:30 Shakespeare: some people want to excel, whether achieved or not, they aspire to be a top raider

14:59:00 Shakespeare: some people want to have fun, be social, this requires regular opportunity to be part of an active and communicating group

14:59:08 Shakespeare: for example, i play dota 2

14:59:21 Shakespeare: i do better solo, and work on my rating that way

14:59:30 assbot: [HAVELOCK] [KCIM] 69 @ 0.0015 = 0.1035 BTC [-] {2}

14:59:31 Shakespeare: but ive met a few people i like

14:59:36 Shakespeare: and i'd rather play with them

14:59:40 Shakespeare: because it's more fun

14:59:58 Shakespeare: even if we lose, it's more fun

15:00:30 assbot: [HAVELOCK] [ALC] 3 @ 0.14 = 0.42 BTC

15:00:39 Shakespeare: then, like children, some people need order

15:00:46 Shakespeare: leadership

15:00:47 Shakespeare: etc

15:01:10 Shakespeare: that lends to having an organizational structure

15:01:18 Shakespeare: an active GL

15:01:26 Shakespeare: executives below him

15:01:27 Shakespeare: etc

15:01:44 Shakespeare: generally all these things are offering relevance

15:01:57 Shakespeare: just each player seeks relevance in different ways

15:02:27 Shakespeare: some guilds would try to tackle catering to all these things

15:02:31 Shakespeare: it doesnt really work

15:02:36 Shakespeare: high turnover

15:03:18 Shakespeare: dunno if any of that helps, but those are my most immediate thoughts

15:04:46 mircea_popescu: Shakespeare well yes but for instance there's the institution of legatus milites

15:04:59 mircea_popescu: guild rank 4. he gets to organise raids, and has access to special guild vault of raids supplies.

15:05:11 mircea_popescu: chick in question ? didn't even know all this. tho it's on the fucking guild wall

15:05:28 mircea_popescu: now part of it could be bad ui, i guess. but part of it is just incomprehensible to me

15:05:44 Shakespeare: well is guild chat anything like here?

15:05:54 Shakespeare: as in, can lowly noob be directed to education?

15:06:36 assbot: [HAVELOCK] [PETA] 17 @ 0.05242998 = 0.8913 BTC [+]

15:06:40 Shakespeare: also why use a chick for your case study?

15:06:53 mircea_popescu: cause it's the most recent example, i guess.

15:07:06 Shakespeare: yeah but not exactly a control

15:07:21 mircea_popescu: some earlier dudes (whgich is when istarted suspecting i may have a problem) wanted permission to raid with some other guild. i was like fine

15:07:41 Shakespeare: ask them why

15:07:48 mircea_popescu: then they joined the other guild. im like wtf you dummies, you three go join two dudes in a lvl 4 guild ? why don't they join you in your lvl 13 guild wtf.

15:08:05 Shakespeare: they want their own relevance maybe

15:08:09 Shakespeare: stake

15:08:31 mircea_popescu: not like anyone gives a shit as far as i can tell

15:08:51 Shakespeare: yeah, i mean if it's just random turnover, well you cant stop that

15:08:54 mircea_popescu: ie, i doubt if you ask the total guild population (somehow) half know im the leader

15:08:56 Shakespeare: but if you think you have a problem

15:09:02 Shakespeare: you could research it

15:09:05 mircea_popescu: nono i meant about the stake

15:09:31 Shakespeare: i bet theyd prefer to have a leader

15:09:36 Shakespeare: a known one

15:09:43 mircea_popescu: im tempted to think that people are by now so fucking blinded by the idiocy of the us system that rather than aspire to live, they aspire to one day be the ones to give the orders.

15:09:56 Shakespeare: many, yes

15:10:24 artifexd: Maybe he/she wants to be revered. It is easier to be the big fish in a small pond.

15:10:26 Shakespeare: as soon as they hit any kind of obstacle or friction they will first think, well should i just own it myself?

15:10:40 assbot: [HAVELOCK] [HIF] 2401 @ 0.0001 = 0.2401 BTC [-] {2}

15:10:53 Shakespeare: i started guilds, i rose to rank and to leader in some

15:11:04 Shakespeare: really being a leader in WoW fucking blows

15:11:40 mircea_popescu: well that's the thing, i'm not about to spend a ton of time derping in guild chat or w/e.

15:11:41 assbot: [HAVELOCK] [ALC] 2 @ 0.14 = 0.28 BTC

15:12:11 Shakespeare: theyd probly all hate you anyway ;)

15:12:39 mircea_popescu: lol

15:13:00 mircea_popescu: i've have enough of my hands full being pretty much... the marketmaker there. it's fucking ridiculous with these people.

15:13:30 mircea_popescu: i guess if i go looking for it, the "they're just retarded" theory actually has a lot of support.

15:14:19 Shakespeare: yeah i wouldnt get too wrapped up in "fixing" gamer behavior

15:14:26 Shakespeare: just asking for misery

15:16:40 mircea_popescu: i mean don;'t get me wrong, im not butthurt or anything, join a 2 year old game and own the top guild on one shard within what, 4-5 months is not trivial.

15:16:54 mircea_popescu: but some shit gives me pause.

15:17:01 BingoBoingo: Eh, maybe they just got bored being in a large guild that has already "won" the game?

15:17:56 pLambert: HIF just released their quarterly staement, price is dropping like a rock

15:18:09 Shakespeare: link?

15:18:15 mircea_popescu: pLambert is hif the havelog version of the vtx thing ?

15:18:34 Shakespeare: its shares of Havelock

15:18:36 jborkl: well no trades are posting

15:18:47 jborkl: assbot on break again?

15:18:57 mircea_popescu: BingoBoingo hardly, that's the rub. game has tons of 12man team content, we;ve barely scratched the surface. item rarities go over 7 tiers, the best available atm is tier 4 or so.

15:19:04 pLambert: yeah, it is havelock, maybe the price is so low it is not showing?

15:19:07 Shakespeare: the obnoxiously overpriced IPO was discussed mos ago

15:19:09 mircea_popescu: but with a bunch of 3man lvl 3guilds that's never going to be within reach

15:19:23 mircea_popescu: assbot> [HAVELOCK] [HIF] 2401 @ 0.0001 = 0.2401 BTC [-] {2} < i see ?

15:20:01 pLambert: does havelock round its numbers to 4 places?

15:20:20 fluffypony: they should switch to floats. I hear good things about floats.

15:20:22 fluffypony: :-p

15:20:27 Shakespeare: it rounds the homepage, but otherwise no

15:20:51 mircea_popescu: !t h hif

15:20:52 assbot: [HAVELOCK:HIF] 1D: 0.00010000 / 0.00027366 / 0.00039498 (10792 shares, 2.95328721 BTC), 7D: 0.00010000 / 0.00032857 / 0.00043000 (23457 shares, 7.70732156 BTC), 30D: 0.00010000 / 0.00038972 / 0.00056500 (75791 shares, 29.53749976 BTC)

15:21:04 mircea_popescu: well it did drop like 70%

15:22:21 BingoBoingo: mircea_popescu: That's confounding then.

15:22:52 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

15:23:53 assbot: [HAVELOCK] [AM1] 1 @ 0.59498765 BTC [+]

15:24:49 Shakespeare: must login to view HL report?

15:24:52 Shakespeare: gay

15:26:07 Shakespeare: "Dividend value is posted (albeit incredibly disappointing), but I have not had received any bitcoin to my account.

15:26:07 Shakespeare: Also, there is nothing in the report outlining what the "expenses" are made up of."

15:26:25 mircea_popescu: BingoBoingo what you mean ?

15:30:24 mircea_popescu: Shakespeare note the "dividend value" "reports" equivalency in the person;'s head.

15:31:47 nubbins`: havelock, lel

15:31:58 bounce: dunno. could be... a lack of athmosphere maybe?

15:31:58 nubbins`: the best part is when they don't enumerate expenses

15:32:02 assbot: [HAVELOCK] [AM1] 1 @ 0.59498755 BTC [-]

15:32:08 mircea_popescu: bounce definitely.

15:32:28 nubbins`: "we spend 60btc per month on... things"

15:32:45 *: bounce has no idea what drives the generic gamer, though. been years since I happened to play along with a bunch of fanatical gamers. mostly starcraft on university computers.

15:34:00 bounce: could try and organise a few community officers or whatever you'd like to call'em, have them organise meet-ups, in-game parties, whatever.

15:35:05 assbot: [HAVELOCK] [ALC] 2 @ 0.14 = 0.28 BTC {2}

15:35:57 Shakespeare: lol the HIF qrtlyt report "only available to unit holders"

15:37:16 bounce: buy one share to see the report?

15:37:23 mircea_popescu: bounce i bought a guild tavern, there's tons of decorations available. the position of "guild tavern designer" is pretty much oipen for the asking.

15:37:35 mircea_popescu: you'd think people'd jump on the change to play dolly house on my money, but somehow... nop.

15:37:47 Shakespeare: Q1

15:37:50 mircea_popescu: Shakespeare shockingly inept these people.

15:37:51 Shakespeare: Revenues

15:37:51 Shakespeare: Operating Expense

15:37:51 Shakespeare: Operating Income

15:37:51 Shakespeare: ฿ 216.47528979

15:37:51 Shakespeare: ฿ 179.47272695

15:37:52 Shakespeare: ฿ 37.00256284

15:38:06 mircea_popescu: i mean... what, they're going to keep it a secret ?

15:38:07 assbot: [HAVELOCK] [AM1] 1 @ 0.59498765 BTC [+]

15:38:32 nubbins`: https://dl.dropboxusercontent.com/u/50842076/HIFQuarterly%20Results%201Q2014.pdf

15:38:45 nubbins`: ^ for all you suckers who didn't blow your wad on HIF

15:39:07 Shakespeare: they show a loss for past 2mos

15:39:14 nubbins`: Shakespeare: 179btc spent on "???", not bad

15:39:38 Shakespeare: 1st Quarter Summary

15:39:38 Shakespeare:  User base increased 233%

15:39:38 Shakespeare:  Over 100,000 Unique Visitors to our site

15:39:38 Shakespeare:  Average Visitor Duration 7:08

15:39:38 Shakespeare:  7 New Funds Representing 13 Different Companies were added

15:39:38 Shakespeare:  Over ฿25,000 were traded

15:39:40 Shakespeare:  Support/FAQ web platform was successfully lunched

15:40:03 nubbins`: "average visitor duration" -- y'know, something that people give a fuck about :D

15:40:32 bounce: not the first time I hear someone complain that people don't pick up on this, and I'm probably extra double guilty, but from this armchair... er, well, it'll do, it's like, need a working culture of enthousiasm and picking up on things for people to do that. not everyone is enthousiastic from the get-go, but people'll pick up on it if the other sheep are doing it too, or if that's just the thing you do.

15:40:43 bounce: s/guilty/& too/

15:41:07 mircea_popescu: Shakespeare dude you ever heard of pastebin ?

15:41:09 Shakespeare: We were able to build the infrastructure for companies to

15:41:09 Shakespeare: raise capital through the Bitcoin protocol. Using the protocol first and foremost for what it was intended for: as a payment

15:41:09 Shakespeare: gateway. Individuals from all over the globe were able to participate directly in the new Funds that we offered.

15:41:09 Shakespeare: Over the past few months we received countless applications for the Bitcoin Venture Capital Fund. Going over countless

15:41:11 Shakespeare: business plans and financial projections, we can see the way Bitcoin is paving the way for a whole new economy. We are

15:41:14 Shakespeare: excited for the future of our company and the way we are able to bring those companies into the global market place.

15:41:15 thestringpuller: lololol

15:41:17 Shakespeare: Our team is working harder than ever to bring the users of our platform a diversified choice of Funds to choose from when

15:41:20 Shakespeare: they are putting their hard earned Bitcoins to work. We look forward to continue to serve our customers and the companies

15:41:23 Shakespeare: we partner with to the best of our abilities.

15:41:25 Shakespeare: Sincerely,

15:41:27 Shakespeare: The Havelock Investments Team

15:41:27 thestringpuller: oh no wall of text on irc

15:41:31 Shakespeare: sry

15:41:45 akstunt600: hmm pastebin is nice

15:41:46 bounce: apparently the log will have to do for a pastebin too. amazing versatility.

15:41:46 assbot: AMAZING COMPANY!

15:42:15 thestringpuller: ;;google site:bitbet.us Then there was one

15:42:16 mircea_popescu: so danny works for havelock now ?

15:42:16 gribble: BitBet - And Then There Was One: http://bitbet.us/bet/617/and-then-there-was-one/; BitBet: http://bitbet.us/?ref=14jCdHEcA2ujptyfBf8TmCgSRPhEDKiLJg; BitBet: http://bitbet.us/?ref=1HpgxXi6P2BZt5y5hJRdFBTV5rPmh1QiPm

15:42:27 thestringpuller: looks more appealing now :D

15:42:36 Shakespeare: if you can deal with idiot pollution like minersdidit, i'm allowed a wall of text here and there

15:42:55 jurov: <MisterE> any change of getting a raping from assbot? << NOPE. I TRIED.

15:43:08 mike_c: I am not getting a clear picture of the potential customer issues the MPEx rfc is aiming to fix. Perhaps I am being thick.

15:43:10 bounce: who said I can deal with that? *eyes glaze over, tune out, scroll by*

15:43:12 assbot: [HAVELOCK] [ALC] 10 @ 0.14 = 1.4 BTC

15:43:19 pLambert: https://drive.google.com/file/d/0B2OFUpBh6yKATTlEZzVkNFN4STg/edit?usp=sharing

15:43:19 ozbot: HIFQuarterly Results 1Q2014.pdf - Google Drive

15:44:04 akstunt600: hahhahah Shakespeare

15:44:10 akstunt600: good point

15:47:46 mircea_popescu: mike_c me either ;/

15:49:29 mike_c: is the goal to try to have some kind of proof in the case where a customer and mpex disagree on whether an order was accepted? or is is just to give the customer more tools to manage their orders.

15:50:33 jurov: mike_c: what you're on about?

15:50:41 mike_c: http://fraudsters.com/2014/mpexrfc1/

15:50:42 ozbot: MPEx.RFC.1 pe fraudsters - Un blog de Mircea Popescu.

15:51:21 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

15:51:52 mircea_popescu: mike_c the later, imo.

15:52:11 jurov: oh the joy *reads on*

15:52:20 mircea_popescu: this thing with the order id keeps getting brought up for some reason

15:52:21 assbot: [HAVELOCK] [ALC] 1 @ 0.14 BTC

15:52:25 mike_c: ok. then i still agree with my comment about mpex accepting the count and updating.

15:55:24 assbot: [MPEX] [S.MPOE] 19550 @ 0.00096231 = 18.8132 BTC [-] {3}

15:59:08 jurov: you already had a dicsussion about that? my grep fu fails me

15:59:28 assbot: [HAVELOCK] [ALC] 2 @ 0.14 = 0.28 BTC

15:59:49 mike_c: just in the blog comments

16:00:12 mircea_popescu: yeah and ideally keep the discussion in comments

16:00:17 mircea_popescu: it'll get unfollowable otherwise

16:00:30 assbot: [HAVELOCK] [B.MINE] [PAID] 3.15062784 BTC to 7`668 shares, 41088 satoshi per share

16:01:30 assbot: [HAVELOCK] [SFI] 307 @ 0.00072511 = 0.2226 BTC [-]

16:01:31 assbot: [HAVELOCK] [HIF] [PAID] 0.63536437 BTC to 1`717`201 shares, 37 satoshi per share

16:02:32 assbot: [HAVELOCK] [ALC] 6 @ 0.14 = 0.84 BTC {2}

16:02:46 MisterE: jurov: I've had assbot on ignore since I got here so I might have already had one without knowing :)

16:03:10 MisterE: that dude so gets lighted a lot :)

16:04:33 assbot: [HAVELOCK] [SFI] 399 @ 0.00072511 = 0.2893 BTC [-] {2}

16:04:36 akstunt600: wish i had 30btc, i want some dividends

16:04:55 akstunt600: oh well, nobody expects the spanish Inquisition

16:05:31 MisterE: Goya's Ghosts

16:05:34 assbot: [HAVELOCK] [SFI] 352 @ 0.00072503 = 0.2552 BTC [-] {2}

16:05:36 assbot: [HAVELOCK] [ALC] 5 @ 0.14 = 0.7 BTC

16:06:35 assbot: [HAVELOCK] [ALC] 4 @ 0.14 = 0.56 BTC

16:06:57 mircea_popescu: akstunt600 what do you need 30 btc for ?

16:06:58 BingoBoingo: mircea_popescu: I was probably on about some game thing. I had to address the Carbon Monoxide detector.

16:08:16 BingoBoingo: Thing was beeping every couple minutes to alert that it had reached its end of life.

16:08:56 Azelphur: mircea_popescu: you won't believe this :x, yesterday some guy got in contact with me wanting to start a bitcoin meetup for my area, I go meet him and he tells me he has something from butterfly labs and that he plugged the US power supply into our UK sockets and broke it, so it has been sitting in the box since, didn't know which model it was or whatever, so I agree to go take a look

16:09:10 Azelphur: turns out, he has had a SC Single sitting in a box since November, dude burned so much money >.<

16:09:15 mircea_popescu: Azelphur i saw in logs yest lol

16:09:19 Azelphur: