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Transcript for 15-12-2013, 967 lines:

00:01:11 nubbins`: well hello

00:02:05 assbot: [MPEX] [S.MPOE] 18250 @ 0.00089762 = 16.3816 BTC [-] {2}

00:02:24 nubbins`: mircea_popescu: what's an order of magnitude, anyway

00:04:07 assbot: [HAVELOCK] [NEOBEE] 150 @ 0.00279999 = 0.42 BTC [+] {2}

00:06:09 assbot: [HAVELOCK] [NEOBEE] 831 @ 0.00283178 = 2.3532 BTC [+] {5}

00:10:09 mircea_popescu: two, technically.

00:10:42 pankkake: https://bitcointalk.org/index.php?topic=135035.msg3969507#msg3969507 yay havecocks

00:10:44 ozbot: Havelock Investments - Exchange feedback/comments

00:11:07 nubbins`: oo you're right

00:11:24 nubbins`: anyway, funny story. got this new kind of dope, been sneezing like mad

00:11:33 nubbins`: "oh no, i'm allergic to the marihuana"

00:11:42 nubbins`: turns out my basil plant started flowering again

00:11:51 nubbins`: snip snip, no more allergies

00:12:02 pankkake: ban basil plants

00:13:07 nubbins`: i know right? one guy sneezed a couple times

00:13:16 assbot: [HAVELOCK] [SMG] 10000 @ 0.00016631 = 1.6631 BTC [+] {16}

00:13:17 assbot: [MPEX] [S.MPOE] 27047 @ 0.00089977 = 24.3361 BTC [+]

00:13:23 nubbins`: basil, destroyer of youth

00:13:43 nubbins`: corrupter of the innocent

00:15:05 nubbins`: defiler of white women

00:15:27 mircea_popescu: pankkake so that's the end of havelock then.

00:15:33 mircea_popescu: ;;eauth mircea_popescu

00:15:33 gribble: Request successful for user mircea_popescu, hostmask mircea_popescu!~Mircea@pdpc/supporter/silver/mircea-popescu. Get your encrypted OTP from http://bitcoin-otc.com/otps/8A736F0E2FB7B452

00:16:10 mircea_popescu: ;;everify freenode:#bitcoin-otc:1ca25d63307a4c43316c160f03f3313ca3b609e411b15d2e2ebc05a0

00:16:11 gribble: You are now authenticated for user mircea_popescu with key 8A736F0E2FB7B452

00:16:13 nubbins`: ahahahahahaha

00:16:17 nubbins`: re: havelock/virtex

00:16:22 nubbins`: what a bunch of cock suckers

00:16:38 mircea_popescu: ;;rate topace -3 Ran a fake exchange, scammed noobs out of thousands of BTC. See https://bitcointalk.org/index.php?topic=135035.msg3969507#msg3969507 for an example.

00:16:39 gribble: Rating entry successful. Your rating of -3 for user topace has been recorded.

00:16:43 nubbins`: nay, what a bunch of dick-noses

00:17:00 nubbins`: i know plenty of cock suckers who are upstanding members of the community

00:17:03 mircea_popescu: that makes 3 out of 3 for the 2nd batch.

00:17:29 mircea_popescu: looking forward to the inevitable 3rd batch, of course. which will be so very different, of course.

00:18:10 nubbins`: so sketchy

00:18:36 nubbins`: where's that guy mr_e_ from the forums

00:19:14 nubbins`: oh, haha

00:19:38 nubbins`: from the link: ".."certificates" in another company called Alberta"

00:19:52 mircea_popescu: they're going for the gigavps scam.

00:20:01 nubbins`: from the announcement: "1612643 Alberta Inc. (operating as Virtex)"

00:20:01 nubbins`: lelel

00:20:26 nubbins`: joke being that you can refer to your business as <business number> <province> Inc.

00:20:40 nubbins`: or <business number> Canada Inc. for federally incorporated

00:21:03 nubbins`: anyway, time i guess to make sure my virtex account is cleared out.

00:21:35 nubbins`: this is going to make it a lot harder for my business to accept btc

00:23:19 nubbins`: ok, after reading further, it looks like holders can redeem their havelock shares for actual share certificates from virtex

00:23:45 nubbins`: at least they can't sell them

00:24:03 pankkake: and what do they get, CAD dividends?

00:24:35 mircea_popescu: the thing never paid dividends.

00:25:23 mircea_popescu: the entire bs is there to give idiots something to do with their time. "learn how to tapdance and then get your coupon for a chance to get an option to dance in front of the tv".

00:25:40 mircea_popescu: you know, rather than spending that same time hunting us down.

00:25:44 pankkake: so basically they steal your stuff but give you a paper instead

00:26:01 mircea_popescu: this is exactly what btc is not about.

00:26:25 pankkake: yeah, that's a government trademark

00:26:27 nubbins`: pankkake yes

00:26:41 nubbins`: "VirtEx took 4000 btc from an IPO in March ($150K) promising a dividend that they never delivered. Now, only 9 months later, their market reap is worth $3.6M (quite the gestation) and they are exiting the exchange. No dividend, no buyback, simply a promise to exchange currently held shares for "something else". "

00:26:54 pankkake: but how virtex never paid dividends? the exchange was still operating at a loss?

00:27:03 nubbins`: no, they were making money hand-over-fist.

00:27:04 asciilifeform: wtf is with 'virtex' anyway. every time i think 'xilinx'. what's next? btc product called 'coca cola' ?

00:27:19 nubbins`: pankkake: the "new, lower" fees are 1.5% on every trade

00:27:22 mircea_popescu: asciilifeform was a canada-only btc/cad exchange

00:27:24 nubbins`: hand. over. fist.

00:27:42 nubbins`: scoundrels

00:28:48 pankkake: that's quite expensive for an exchange

00:28:58 pankkake: perhaps there are not enough canadians

00:29:03 nubbins`: well, ya know, volume.

00:29:15 nubbins`: 7 day: 3000 btc

00:29:27 nubbins`: although that's still taking the piss

00:29:35 nubbins`: ;calc 3000*.015

00:29:46 pankkake: better than bitcoin-central :p

00:29:47 mircea_popescu: don't they charge the 1.5 both ways ?

00:29:49 nubbins`: ;;calc 3000*.015*[ticker --last]

00:29:49 gribble: 40686.525

00:29:51 nubbins`: mircea_popescu: yes

00:29:53 mircea_popescu: they do mpex style one side only ?

00:29:55 mircea_popescu: so then .03

00:29:59 pankkake: which is considered "high fee" with its 0.59

00:30:03 nubbins`: okay so they only made $40k CAD per week in fees

00:30:08 nubbins`: not so bad

00:30:18 pankkake: mpex is one side only? seller?

00:30:23 nubbins`: i mean, they do have like a handful of employees

00:30:24 mircea_popescu: yes.

00:30:35 nubbins`: ;;calc 3000*.03*[ticker --last]

00:30:36 gribble: 81373.05

00:30:37 pankkake: like havelock :p

00:30:50 pankkake: somehow I figured it was just easier to have the fee only on the seller side

00:30:56 mircea_popescu: nubbins` poverty and managerial incompetence are always poor excuses. they claimed they were an exchange, and can compete. then they should be an exchange and compete,

00:30:56 nubbins`: well if they don't plan on paying divs, there's either some serious salaries or some really shiny iMacs

00:31:11 mircea_popescu: rather than expect the public to donate thousands of btc to prop up their unwarranted pretensions and delusions.

00:31:51 nubbins`: mircea_popescu: i wonder what will happen to the shares of people who don't want to hand over all their personal info?

00:32:01 nubbins`: bought back at a "reasonable market rate", no doubt

00:32:15 mircea_popescu: it's called the gigavps scam for a reason.

00:32:45 nubbins`: well, if nothing else, you can trade your name, address, etc for shares in an actual registered company

00:33:02 mircea_popescu: you can do that with five cents and a copy of the pink sheets.

00:33:19 mircea_popescu: if i wanted my gold arbitrarily transformed into worthless paper i'd be a us citizen.

00:33:24 nubbins`: sounds like a bum deal, personall

00:33:26 nubbins`: *y

00:33:35 nubbins`: oh ho! good one

00:33:42 KRS|Gotyawallet: heh

00:34:03 KRS|Gotyawallet: its not worthless!!!

00:34:11 KRS|Gotyawallet: a lot of it buys 1 bitcoin.

00:34:22 nubbins`: i wonder what the laws are regarding foreign ownership of shares

00:35:58 nubbins`: there was a big stink about a new wireless company not being allowed to open its doors because it was majority foreign-owned, but i'm not sure if there was industry-specific legislation

00:37:08 mircea_popescu: http://bitbet.us/bet/495/there-will-be-blood/

00:37:11 ozbot: BitBet - There will be blood

00:37:12 mircea_popescu: all three, you hear ?

00:38:45 pankkake: http://bitbet.us/bet/617/and-then-there-was-one//?ref=1Eck6cgGzEb9N42CFhcsCBQhZQStoJbHRK

00:38:48 ozbot: BitBet - And Then There Was One

00:39:45 mircea_popescu: tough one.

00:40:27 pankkake: http://bitbet.us/bet/654/havelock-to-restrict-us-investors-before-dec-1st/ might be easier

00:40:28 ozbot: BitBet - Havelock to restrict US investors before Dec 1st 2014

00:40:35 pankkake: 2 ways to win

00:40:51 mircea_popescu: 7 deadly sins, 7 ways to win

00:40:59 mircea_popescu: 7 holy paths to hell (and your trip begins)

00:41:12 mircea_popescu: seven downward slopes... seven bloodied hopes... seven are your burning fires...

00:41:16 mircea_popescu: seven, your desires...

00:41:30 nubbins`: pankkake: i lost on a similar one earlier this year

00:41:34 nubbins`: nov 5

00:41:39 pankkake: yeah, I lost it too

00:42:24 pankkake: bah, it was hedging!

00:42:50 pankkake: (not that it stopped everything on havecock from −90%ing)

00:43:38 nubbins`: interesting times

00:43:46 assbot: [MPEX] [S.MPOE] 8744 @ 0.00089977 = 7.8676 BTC [+]

00:44:29 KRS|Gotyawallet: whats the deal with havelock

00:44:53 KRS|Gotyawallet: heard the u.s. is freezing assets with panama or something

00:45:25 KRS|Gotyawallet: wonder how events like this play out with bitcoin

00:46:48 nubbins`: hm, there aren't any financial reports for vtx?

00:47:39 mircea_popescu: usagi was busy.

00:48:32 mircea_popescu: from the holy shit dept : https://pbs.twimg.com/media/BbZElwQCAAEzod-.jpg

00:49:45 KRS|Gotyawallet: The White House said Friday the decision to freeze U.S. assets of firms in Panama, Singapore and Ukraine represented actions based on existing sanctions.

00:50:42 pankkake: shouldn't really affect havelock… maybe cfig which is now the same guys apparently

00:51:09 pankkake: "Using silly terms like “CEO of worldcoin” and “CIO of feathercoin” in their press release, UNOCS amounted to one of the most pathetic and transparent pump and dump schemes in recent times, yet people still managed to fall for it" - CEO of an altcoin. omg

00:52:27 mircea_popescu: KRS|Gotyawallet the ussoviet govt is running short on cash.

00:52:38 mircea_popescu: it's either this or no food stamps next week.

00:53:37 asciilifeform: in other news, http://www.washingtonpost.com/world/china-successfully-completes-first-soft-landing-on-moon-in-37-years/2013/12/14/fad6ffb4-64c6-11e3-af0d-4bb80d704888_story.html?tid=pm_world_pop

00:53:56 assbot: [HAVELOCK] [AM1] 2 @ 0.26787751 = 0.5358 BTC [+]

00:54:32 mircea_popescu: asciilifeform you know 40 years ago that'd have touched off a space race.

00:54:38 asciilifeform: haha

00:54:39 mircea_popescu: back when the beast still had some spunk in it.

00:55:31 mircea_popescu: so you know... this shangri-la you speak of ? where o where is it ?

00:55:47 asciilifeform: only in imagination.

00:56:07 asciilifeform: that or, sits! waiting!

00:56:52 mircea_popescu: orly.

00:57:09 mircea_popescu: sits, waiting, while china spends 20 years developing complete tactical superiority in every field.

00:57:19 asciilifeform: anyone knows the story of a man called Anatoliy Golitsyn?

00:57:30 mircea_popescu: are you aware the only reason the us army is not completely exterminated to the last man currently is that the chinese do not WANT to ?

00:57:45 asciilifeform: he escaped from ussr and became chums with the famous james jesus angleton.

00:58:03 mircea_popescu: guy that escaped to britain ?

00:58:04 mircea_popescu: ya ok.

00:58:10 asciilifeform: and he believed (and, afaik, still does, seems to be alive) that the ussr faked its death.

00:58:20 asciilifeform: that it's sitting and waiting somewhere.

00:59:03 KRS|Gotyawallet: thanks..gonna do some reading up on all that..i must say, some interesting times we are in.

00:59:03 asciilifeform: he whispered in angleton's ear, and to anyone else who'd listen, that the collapse was a sham.

00:59:50 asciilifeform: another guy, Nosenko, defected soon after, and told CIA that G was full of shit

00:59:51 KRS|Gotyawallet: I'm sorry mircea_popescu, when you say "this" did you mean bitcoin or the situation with Iran and all that.

00:59:58 jurov: what a fancy way to explain velvet revolution

01:00:04 asciilifeform: whereupon angleton had N starved in a dungeon for a few years

01:00:09 asciilifeform: so he'd 'confess'

01:00:41 mircea_popescu: KRS|Gotyawallet in the food stamps context ? the stealing of people's money by the usg.

01:00:56 KRS|Gotyawallet: ah ok.

01:01:09 mircea_popescu: asciilifeform hard angle to sell for all the people that were offered to buy still workjing nuclear subs.

01:01:18 asciilifeform: that came later.

01:01:22 asciilifeform: after A was fired.

01:01:24 mircea_popescu: so did it or didn't it ?

01:01:29 KRS|Gotyawallet: anyone have word on cyprus? that was big news a while back and I was wondering if bitcoin was of help to them.

01:01:47 asciilifeform: that isn't the point. the point that there are always people at a wake saying the corpse isn't one, until it starts to stink.

01:01:55 mircea_popescu: and after.

01:02:00 asciilifeform: sometimes even after.

01:02:06 mircea_popescu: there are still people who figure germany had a decent shot in ww2.

01:02:36 asciilifeform: there are people (i'm told, in sweden) who believe that nazis still run everything.

01:03:17 mircea_popescu: which they do, inasmuch as they handling money can't be libertards, and a sliver of libertards believe everyone who's not equally retarded is a fascist

01:03:21 mircea_popescu: starting with their parents.

01:07:09 assbot: [HAVELOCK] [PETA] 40 @ 0.05 = 2 BTC

01:09:51 KRS|Gotyawallet: what do you all think about amt mining hardware? nwcwe heard of em

01:11:11 mircea_popescu: link or something ?

01:11:37 asciilifeform: are there actually happy miners somewhere (vs. mining hw vendors), or are they all busily going broke and cursing each other for the 'arms race' ?

01:12:18 KRS|Gotyawallet: of course..it is an arms race indeed and they're killing each other over it

01:13:41 asciilifeform: botnets appear to be switching to strategically ddosing pools instead of mining.

01:13:59 mircea_popescu: asciilifeform mining is not intended or designed to be a productive activity generally.

01:14:00 asciilifeform: (i study botnets)

01:14:13 mircea_popescu: it's intended to approximately break even, which means most people will book a loss.

01:14:34 asciilifeform: that's my understanding. which leaves the question: wtf?

01:14:44 asciilifeform: why do people play

01:15:03 mircea_popescu: (which adds cosmic perspective to the mpex view of the world, imagine there exists another whole "Ecosystem" out there made principally out of companies whose business model is operating in a not profitable by design market, and those are 90%+ of the revenue)

01:15:41 KRS|Gotyawallet: asciilifeform: where i used to work we got hacked and one of our servers was made part of a botnet..i tracked them down to an irc channel in the philippines..done with perl..it was pretty basic stuff but still cool to take apart. they got in because the idiots setting up the server didn't secure the /tmp directory and jboss had its admin console exposed.

01:15:50 mircea_popescu: anyway, people mine because if they don't mine then it's profitable

01:15:54 mircea_popescu: if they do hopwever it is not.

01:15:57 mircea_popescu: perfect cocktrap.

01:16:14 KRS|Gotyawallet: management was too busy worrying about time to market and couldnt be bothered with sill things like security

01:16:17 asciilifeform: two drunks each pay the other $100 to eat spoon of shit.

01:16:26 mircea_popescu: precisely.

01:16:51 mircea_popescu: mpoe-pr quoted buffett on the textile market to the forum until she fell over.

01:17:02 mircea_popescu: it isn't something that can be helped symbolically.

01:17:29 asciilifeform: i once saw the term 'tournament market' used to describe this situation

01:17:53 mircea_popescu: it's a really great way to use the market for a good purpose. in this case, we get the strongest blockchain money can buy.

01:17:56 mircea_popescu: other people's money.

01:17:59 asciilifeform: and that it is normal and unavoidable in some spheres (athletic hopefuls, junior professors, etc.)

01:18:09 mircea_popescu: this isn't that thio.

01:18:20 assbot: [MPEX] [S.MPOE] 9400 @ 0.00090226 = 8.4812 BTC [+]

01:18:23 asciilifeform: most of the participants get fucked, the survivors win.

01:18:30 mircea_popescu: the similarity is superficial.

01:18:49 mircea_popescu: a tournament market, like typiocally the 1mn starlets waiting tables in hollywood is there to exploit labour.

01:18:55 mircea_popescu: this system is here to exploit capital.

01:19:08 pankkake: maybe if mining stays out of amateurs it will be profitable

01:19:19 mircea_popescu: that's exactly what can't happen.

01:19:30 mircea_popescu: mining has to be "distributed", which means, it must remain unprofitable for large ventures.

01:19:32 pankkake: because those certainly don't want to understand they will lose

01:20:02 pankkake: it has to be decentralized, who cares about being distributed

01:20:47 mircea_popescu: i guess the two are synonyms in this context.

01:20:55 asciilifeform: i often wonder, how much centralization would it take to send people running for the exits

01:21:07 asciilifeform: say beijing builds an optical computer out of unobtainium

01:21:14 pankkake: meh. people seem to thing every little guy mining is good

01:21:21 mircea_popescu: asciilifeform you're asking "how much worsening of italian delis would take for mobsters to abandon manhattan"

01:21:21 pankkake: I just think that no central authority is good

01:21:31 mircea_popescu: it will never happen, they will start shooting deli owners in the street.

01:21:36 pankkake: better be big businesses than 15 year old gamers

01:21:56 mircea_popescu: pankkake i am one who believes every little guy mining is good.

01:22:02 asciilifeform: mircea_popescu: more like 'how much background radiation would it take to get mobsters out of manhattan'

01:22:07 pankkake: use litecoin then :p

01:22:20 mircea_popescu: asciilifeform https://bitcointalk.org/index.php?topic=201268.msg2121475#msg2121475 that's the story, if you care.

01:24:53 asciilifeform: reminds me of russia's (and, for that matter, u.s.) disappearing auto industry

01:25:08 asciilifeform: all good and well, rational to close down the plants, until the boats with toyotas stop coming.

01:25:48 mircea_popescu: which is why small guys mining is good.

01:25:52 mircea_popescu: it's like farming.

01:26:36 mircea_popescu: (of course, in this perspective mega-bitcoin-corporations a la asicminer are small guys too)

01:40:42 assbot: [HAVELOCK] [AM1] 2 @ 0.261 = 0.522 BTC [-]

01:43:34 KRS|Gotyawallet: anyone have a comment on amt mining gear

01:44:48 mircea_popescu: KRS|Gotyawallet why do you think this is even a thing ?

01:45:15 mircea_popescu: noob makes random thread on btctalk five weeks ago. he's nobody and his thing doesn't exist.

01:46:14 KRS|Gotyawallet: damnit..such scam. much drama

01:47:08 KRS|Gotyawallet: i want to scam the scammer someday..that would be +10000

01:47:12 mircea_popescu: russellthies Jr. Member, 5 posts : "I received an email from Jim on Dec. 3rd, regarding my 1.2 th/s order (541). At that time he told me that they were working on the final "board tweaks" and that if they were late it would be by a week or so."

01:47:23 mircea_popescu: noobs will be noobs.

01:48:11 KRS|Gotyawallet: the crux of the problem is nobody wants to seek funding for their venture, they'd rather take "preorder" money as capital to launch their offering..since when should the customer take that risk

01:48:16 KRS|Gotyawallet: you said it..noobs.

01:48:17 mircea_popescu: KRS|Gotyawallet you can't "scam the scammer" because the scammer has enough fucking sense to respect the first rule of investing, which is, don't randomly sent btc.

01:48:20 mircea_popescu: that's the end of that.

01:48:30 KRS|Gotyawallet: word

01:48:49 KRS|Gotyawallet: but it would be nice

01:48:55 mircea_popescu: anyway, there are instruments to handle these problem, as described http://fraudsters.com/2013/the-positive-market-effects-of-the-delivery-bet/

01:49:01 mircea_popescu: all people need to do is use them.

01:49:07 mircea_popescu: if they don't want to use them... why's that a problem.

01:49:17 KRS|Gotyawallet: hmm

01:53:55 assbot: [HAVELOCK] [NEOBEE] 303 @ 0.00283499 = 0.859 BTC [+] {2}

01:53:56 assbot: [HAVELOCK] [SFI] 886 @ 0.001 = 0.886 BTC

01:54:16 mircea_popescu: KRS|Gotyawallet were you around back when primeasic showed and disappeared ?

01:54:40 KRS|Gotyawallet: yes this article is exactly what im talking about

01:55:06 KRS|Gotyawallet: they were but a spec on the timeline i long forgot about that name

01:55:20 mircea_popescu: http://fraudsters.com/2013/primeasic-most-likely-a-scam/

01:55:20 ozbot: PrimeAsic - Most likely a scam. pe fraudsters - Un blog de Mircea Popescu.

01:55:26 mircea_popescu: some prime investigative reporting by kakobrekla there.

01:55:27 KRS|Gotyawallet: there was so much other news, barely caught my eye

01:55:35 KRS|Gotyawallet: haha

01:55:35 mircea_popescu: this is why we don't care about such. noobs don't get to start businesses.

01:56:18 KRS|Gotyawallet: my problem is i have to identify each offering to find out if they've made a significant investment..on the surface, i have no idea..and its a shame these other folks dond either. ie skyminer

01:56:29 KRS|Gotyawallet: took people for 1000's of btc afaik

01:56:35 mircea_popescu: "people".

01:56:41 mircea_popescu: people know better than that.

01:57:42 mircea_popescu: noob starts business ? scam. end of discussion, no questuions asked. if he's a businessman he's known.

01:58:00 mircea_popescu: mining venture taking preorders and no delivery bet ? scam. no questions need to be asked or answered past "what's the link to your delivery bet"

01:58:59 KRS|Gotyawallet: i noticed they wont even blast their offering out there, it will be something subtle like a link in a trollbox somewhere so some sucker is all juicy over btc fortunes he just plunks down his 12 btc or whatever

01:59:27 mircea_popescu: gotta learn somehow, you know ?

01:59:47 KRS|Gotyawallet: actually its good both ways, darwin effect at work in business

02:00:02 assbot: [HAVELOCK] [COG] [PAID] 1.34510223 BTC to 9`573 shares, 14051 satoshi per share

02:00:55 KRS|Gotyawallet: i need a scam..not sure what though..mass mailings is getting old

02:01:43 asciilifeform: KRS|Gotyawallet: sell gpu cards with magic firmware to ltc miners.

02:01:44 KRS|Gotyawallet: deface scam sites, redirect btc payments from noobs

02:02:12 asciilifeform: KRS|Gotyawallet: set up tor exits which replace SD addrs with yours.

02:02:18 KRS|Gotyawallet: NICE

02:02:37 asciilifeform: since when is there a shortage of ideas for cheats

02:02:50 KRS|Gotyawallet: haha very crevar

02:02:55 mircea_popescu: not something you'd wish to do, really.

02:03:17 asciilifeform: i mean, if you're not above scam

02:04:08 mircea_popescu: the irony embedded in the entire fucktard ecosystem (meaning, the noobs and those fleecing them) is that it really is quite self limiting and not particularly prosperous.

02:04:36 mircea_popescu: ie, being a scammer is not really so many steps about being a clueless noob.

02:04:53 asciilifeform: there's a delicate predator-prey equilibrium, though

02:05:24 asciilifeform: if some clever fellow runs a scam, he will harvest so many idiots that that particular species of scam won't work again - at least not without major cosmetic remodelling.

02:05:25 mircea_popescu: not really, most situations evolve as boundless systems

02:05:51 mircea_popescu: that particularly is not true, the warrior forum is still running two or three major scams pioneered in 1995

02:06:04 mircea_popescu: just like the porn studios are still basically doing, boy meets girl, boy gets girl.

02:06:32 asciilifeform: i still suspect that there is a large - but finite - supply of chumpatron fuel. at least of any particular variety.

02:06:37 mircea_popescu: what else are they gonna do. once they're in porn they're in porn.

02:06:51 KRS|Gotyawallet: no going back

02:06:55 mircea_popescu: asciilifeform yes. it equals exactly "entitlement" spending by governments.

02:07:20 mircea_popescu: look at the us budget for each year, you'll know about how much the taxpayer is paying to support scammers.

02:07:41 KRS|Gotyawallet: its like dick sucking..a guy cant just go and suck one dick and still be straight. even though it was just one dick he's a faggot.

02:07:48 asciilifeform: 'great fleas have little fleas, on their backs to bite them...'

02:08:13 KRS|Gotyawallet: just because he sucked one dick does that make him gay?

02:08:42 asciilifeform: 'bob the bridge-builder.'

02:09:04 KRS|Gotyawallet: ascoolifeform ever sniff an exit node

02:09:10 assbot: [HAVELOCK] [AM1] 3 @ 0.24530035 = 0.7359 BTC [-] {3}

02:09:22 KRS|Gotyawallet: ii

02:09:48 asciilifeform: KRS|Gotyawallet: no comment. but i recommend the exercise.

02:10:03 KRS|Gotyawallet: thats what i thought

02:10:18 asciilifeform: if you publish your results, do it in some way that cannot be readily linked to you in meatspace.

02:10:23 asciilifeform: lest you end up like that swede.

02:11:03 KRS|Gotyawallet: i wouldnt know how to publish results like that without taking it up the ass so i just site out the whole exercise.

02:11:12 assbot: [HAVELOCK] [AM1] 10 @ 0.24309999 = 2.431 BTC [-] {4}

02:11:17 KRS|Gotyawallet: i mean..i could i just dont have the effort in me

02:11:48 asciilifeform: it doesn't take long.

02:11:50 KRS|Gotyawallet: the net has become so clandestine now

02:12:30 KRS|Gotyawallet: i lived for years and years with a black cloud over my head from all the tele op phreaking i did as a kid, professional warez importer..got tired of looking over my shoulder.

02:12:31 asciilifeform: funnily, tor has made lusers' traffic more public than it ever was before.

02:12:35 KRS|Gotyawallet: mci hated me

02:12:52 KRS|Gotyawallet: yeah thats the beauty of it rly

02:15:16 assbot: [HAVELOCK] [AM1] 6 @ 0.243 = 1.458 BTC [-]

02:21:22 assbot: [MPEX] [S.MPOE] 1800 @ 0.00090226 = 1.6241 BTC [+]

02:32:33 assbot: [MPEX] [S.MPOE] 32700 @ 0.0009033 = 29.5379 BTC [+] {3}

02:33:34 assbot: [HAVELOCK] [PETA] 23 @ 0.05 = 1.15 BTC

02:42:43 assbot: [HAVELOCK] [AM1] 4 @ 0.24280002 = 0.9712 BTC [-] {3}

02:43:44 assbot: [HAVELOCK] [AM1] 1 @ 0.2426 BTC [-]

02:44:45 assbot: [HAVELOCK] [AM1] 2 @ 0.24252 = 0.485 BTC [-] {2}

02:49:50 assbot: [MPEX] [S.MPOE] 10250 @ 0.0009044 = 9.2701 BTC [+] {2}

02:51:48 copumpkin: MPOE is doing pretty well these days

03:07:05 pankkake: WIP: http://pastebin.com/9xxtby4f

03:07:07 assbot: [HAVELOCK] [PETA] 60 @ 0.05 = 3 BTC

03:13:13 assbot: [MPEX] [S.MPOE] 23504 @ 0.00090477 = 21.2657 BTC [+]

03:27:28 assbot: [HAVELOCK] [PETA] 114 @ 0.05 = 5.7 BTC

03:28:28 assbot: [MPEX] [S.MPOE] 35923 @ 0.00090026 = 32.34 BTC [-] {2}

03:29:29 assbot: [HAVELOCK] [PETA] 10 @ 0.05 = 0.5 BTC

03:44:07 bloctoc: copumpkin don't these people know that bbet has a bunch of bets expiring year end?

03:44:24 copumpkin: I don't either :)

03:44:26 copumpkin: what bets?

03:45:27 bloctoc: not really sure myself, just got pumping I guesss

03:55:21 mircea_popescu: what people ?

03:56:18 fiat500: what do you mean /you people/

03:57:29 mircea_popescu: copumpkin it just had a bad month actually.

03:57:41 copumpkin: yeah, I saw the latest report

03:57:49 copumpkin: perhaps people are hopeful for the next month :)

03:59:23 mircea_popescu: as it is shares don't really care.

04:00:24 copumpkin: yeah, that's why I have shares :P

04:00:25 bloctoc: I mean the people buying mpoe instead of bitbet shares at the year's end.

04:02:03 mircea_popescu: that latest looks more like it was a sale

04:02:11 mircea_popescu: anyway, im off. catch you all later.

04:05:04 assbot: [HAVELOCK] [AM1] 1 @ 0.254 BTC [+]

04:16:15 assbot: [MPEX] [S.MPOE] 17027 @ 0.00089812 = 15.2923 BTC [-]

04:54:53 assbot: [HAVELOCK] [AM1] 1 @ 0.246 BTC [-]

05:13:11 assbot: [HAVELOCK] [AM100] 766 @ 0.00222492 = 1.7043 BTC [-] {17}

05:16:14 assbot: [HAVELOCK] [SFI] 1010 @ 0.001 = 1.01 BTC

05:38:36 assbot: [MPEX] [S.MPOE] 34800 @ 0.00090477 = 31.486 BTC [+]

06:13:10 assbot: [MPEX] [S.MPOE] 25750 @ 0.00090477 = 23.2978 BTC [+]

06:22:19 assbot: [MPEX] [S.MPOE] 19945 @ 0.00090493 = 18.0488 BTC [+] {3}

06:23:20 assbot: [MPEX] [S.MPOE] 12554 @ 0.00090562 = 11.3692 BTC [+]

06:45:42 assbot: [MPEX] [S.MPOE] 88900 @ 0.00090571 = 80.5176 BTC [+] {2}

06:47:43 copumpkin: wow

06:47:47 copumpkin: someone's bullish on MPOE :)

07:11:07 assbot: [HAVELOCK] [AM1] 10 @ 0.24428999 = 2.4429 BTC [-] {3}

07:12:08 assbot: [HAVELOCK] [AM1] 20 @ 0.24158949 = 4.8318 BTC [-] {8}

07:45:41 assbot: [MPEX] [S.MPOE] 47900 @ 0.00090306 = 43.2566 BTC [-] {2}

07:45:41 assbot: [HAVELOCK] [AM1] 2 @ 0.24 = 0.48 BTC [-] {2}

08:31:40 thestringpuller: hashtag mod6

08:49:44 assbot: [MPEX] [S.MPOE] 17090 @ 0.00090359 = 15.4424 BTC [+] {2}

08:50:45 assbot: [MPEX] [S.MPOE] 5540 @ 0.00090324 = 5.0039 BTC [-]

09:12:06 assbot: [MPEX] [S.MPOE] 13850 @ 0.00090309 = 12.5078 BTC [-] {3}

09:45:39 assbot: [HAVELOCK] [AM1] 26 @ 0.25220829 = 6.5574 BTC [+] {7}

10:01:55 assbot: [MPEX] [S.MPOE] 15541 @ 0.0009023 = 14.0226 BTC [-]

10:01:55 assbot: [HAVELOCK] [AM1] 10 @ 0.26762999 = 2.6763 BTC [+] {4}

10:02:56 assbot: [HAVELOCK] [AM1] 1 @ 0.2677 BTC [+]

10:06:01 Vexual: will these kids know if i buy finely hopped beer instead of vet treatment for my cancerous canine with my doge profits?

10:08:01 assbot: [MPEX] [O] [O.USD.P140T] 8 @ 0.11570692 = 0.9257 BTC [+]

10:11:04 assbot: [MPEX] [O] [O.USD.P125T] 11 @ 0.08898885 = 0.9789 BTC [+]

10:20:05 Vexual: a new wave of crypto kids

10:21:24 Vexual: perhaps a new block viewer instance

10:25:35 Vexual: http://www.dailymotion.com/video/x27hq6_warren-g-regulators_music

10:25:47 Vexual: hahhaha

10:32:46 Vexual: what a week its been

10:34:02 Vexual: honestly im scared to sell any bitcoin incae the foundation says i dont have enough to send

10:34:43 Vexual: foundation is getting everyone ready for 9..

10:34:50 Vexual: dogecoin happened

10:35:32 Vexual: 12000 reserve banks made statements about bitcoin, where the sum total of the info was no

10:35:34 Vexual: ne

10:35:58 Vexual: and i got arrested

10:37:00 Vexual: just drunk and disorderly tho, so its hardly news

10:40:33 Vexual: so despite my interlude with toothless father stabbers and seemingly comatose quiet lovers, i still didnt make it to an airport to buy fortune for future signature

10:41:20 Duffer1: assbot is a good listener bro

10:41:28 Vexual: silly duffer

10:41:35 Duffer1: <3

10:41:44 Vexual: <3

10:43:09 Vexual: i guess cuba is still a dream

10:43:22 Duffer1: what's in cuba?

10:43:59 Duffer1: so you were on your way to cuba but got too drunk instead then got picked up by the cops?

10:44:58 Vexual: no i was fairly in my own house believe it or not

10:45:12 Duffer1: ouch

10:46:12 Vexual: i goty lippy and was assisted on to public property where i duly remained lippy knowing the extent of the facism

10:46:36 Duffer1: man that shit should be illegal

10:46:42 Vexual: u new?

10:46:54 Duffer1: ha no just lucky, and quiet

10:47:26 Vexual: me too, now

10:49:02 Duffer1: anyone underage on your property?

10:49:08 Duffer1: when i happened i mean

10:49:10 Duffer1: it

10:49:47 Vexual: fuck no

10:50:05 Duffer1: good man

10:50:14 Vexual: lol

10:50:30 Vexual: just me no bail

10:50:56 Vexual: just the drunk tank

10:51:23 Duffer1: you were alone? i just assumed you threw a party

10:51:30 Vexual: noone came

10:51:41 Duffer1: how do you get drunk n disorderly from you own home, alone?

10:51:57 Vexual: did you say how often?

10:53:20 BingoBoingo: "Disorderly" is merely legal speak for "We don't much like you"

10:58:05 Vexual: finished work? yeah, i do computer stuff

11:03:40 Vexual: i had you pegged as a musician

11:03:56 assbot: [MPEX] [S.MPOE] 7961 @ 0.00090294 = 7.1883 BTC [+]

11:04:49 Vexual: bella, pour the drinks

11:06:45 Vexual: got a dollar for the junkbox?

11:06:55 Vexual: my eyes are up here

11:08:10 Vexual: you're cybering yourself

11:08:30 Vexual: shhhhh

11:13:43 Vexual: no handel?

11:14:21 Duffer1: assbot doesn't give very good text though :(

11:14:51 Vexual: i dunno, i like to see those coins moving

11:15:40 Duffer1: she's just so robotic about it, hard to get into it you know

11:16:02 Vexual: i always felt assbot was masculine

11:17:02 Duffer1: we may never know for sure

11:17:10 b0n1: hey there! I try to export trading data from bitstamp with sierracharts but strangely i get inhomogenous time steps

11:17:23 Vexual: i think if a bot is female, one knows

11:17:51 b0n1: that means i have a measurement point at t and the next is at t+x and the other next is at t+y with x=!y

11:18:00 b0n1: really strange

11:18:20 b0n1: someone made similar experience?

11:18:37 Vexual: i felt the milk out for a time step that left in inhomogenous

11:19:28 Duffer1: try searching bitcointalk forums, there's good spreadsheet tips around there

11:26:34 Vexual: u might want to hit up the work forums about taking spreadsheet skills off your resume too

11:26:44 Vexual: *word

11:28:07 jurov: SPREADSHEET KILLS

11:28:13 Vexual: dont they

11:28:44 Vexual: when you atart to need macros, geesh

11:29:17 BingoBoingo: Csv, Ftw!

11:29:32 Vexual: so no handel?

11:30:04 Vexual: http://www.youtube.com/watch?v=fU-vdq7QxvY

11:30:04 ozbot: Bingo Bango - Basement Jaxx - YouTube

11:30:31 Vexual: can i get some $2 coins and the snooker balls?

11:30:48 Vexual: just 8 ball

11:31:09 Vexual: bottom shelf, there, thats it, way down low, mick said it was okay

11:32:57 Vexual: u never played snooker?

11:33:56 Vexual: well u bend it like beckham, thanks for the coins

11:37:39 BingoBoingo: Usually I just play 8 ball

11:38:04 Vexual: 8 ball is goode

11:39:41 Vexual: http://www.youtube.com/watch?v=EkwD5rQ-_d4

11:39:41 ozbot: The Toadies - Possum Kingdom - YouTube

11:46:53 Vexual: http://www.youtube.com/watch?v=mns9VeRguys&noredirect=1

11:46:54 ozbot: Bob Dylan - Duquesne Whistle - YouTube

11:49:12 Duffer1: bob dylan - brownsville girl

11:50:51 Vexual: still one song left on $2

11:52:47 Vexual: kako should make a junkox bot

11:53:46 Vexual: pay to play

11:57:29 Vexual: http://www.youtube.com/watch?v=r0bS-YnLf4s

11:57:30 ozbot: Flight Facilities - Crave you Feat. Giselle [Official Video] - YouTube

11:57:50 assbot: [MPEX] [S.MPOE] 57900 @ 0.00090447 = 52.3688 BTC [+] {3}

12:18:09 assbot: [MPEX] [S.MPOE] 30650 @ 0.00090164 = 27.6353 BTC [-] {3}

12:21:12 assbot: [HAVELOCK] [SFI] 250 @ 0.001 = 0.25 BTC

12:40:31 assbot: [HAVELOCK] [COG] 25 @ 0.03474022 = 0.8685 BTC [-] {7}

12:44:35 assbot: [HAVELOCK] [AM100] 54 @ 0.00220371 = 0.119 BTC [-] {2}

12:50:03 azoo: is this havelock company legit?

12:51:10 BingoBoingo: azoo: Looking less like it every day

12:52:23 azoo: BingoBoingo: why

12:52:43 assbot: [HAVELOCK] [AM100] 277 @ 0.00221 = 0.6122 BTC [+] {2}

12:53:25 BingoBoingo: azoo: Check http://logs.bitcoin-assets.com

12:53:44 assbot: [HAVELOCK] [AM100] 150 @ 0.0022 = 0.33 BTC [-] {3}

12:54:11 Duffer1: none of the assets they offer have come close to matching btc itself

12:54:21 Duffer1: most of their offers haven't even started paying divs

12:54:34 Duffer1: it's like a bitcoin blackhole

12:54:40 mircea_popescu: azoo no havelock company is legit,

12:54:49 mircea_popescu: havelock itself is run as a scam by scammers.

12:55:32 Duffer1: like a bitcoin cocain straw, your money is their blow

12:55:46 assbot: [HAVELOCK] [AM100] 74 @ 0.00220955 = 0.1635 BTC [+] {2}

12:56:17 azoo: to matching btc istself.. what do you mean by that?

12:56:27 azoo: mircea_popescu: can you back this by some facts?

12:57:00 Duffer1: the appreciation of bitcoin in fiat outpaced value appreciation of all of havelocks offerings

12:57:05 Duffer1: by a mile, it's not even close

12:57:16 mircea_popescu: azoo sure. they reorganised as a entity run by "no one", recently. after which they allowed their largest company (virtex) to simply walk away from the investors

12:57:29 mircea_popescu: collected >4k btc this year, paid no dividends, is now gone.

12:58:00 Apocalyptic: mircea, but you can have real shares now !

12:58:22 mircea_popescu: otherwise, the statistical argument Duffer1 presents is sound. they never had a company that made investors a profit, and statisticallty they're batting the usual global scam exchange, -50% in 1/2 year.

12:58:42 mircea_popescu: Apocalyptic for any value of real that equals worthless.

12:58:52 Apocalyptic: i'm just trolling

12:58:58 mircea_popescu: oiknow :)

12:59:44 azoo: mircea_popescu: i am also considering (your?) mpoex site but its less obvious what is what:-)

12:59:55 azoo: mircea_popescu: is mpoex a scam as well

12:59:56 azoo: ?

12:59:59 mircea_popescu: so read the contracts or w/e.

13:00:00 mircea_popescu: no.

13:00:06 mircea_popescu: also it's MPEx.

13:00:26 Apocalyptic: azoo, you're mixing 2 things up, there's no mpoex but mpex and mpoe

13:01:36 mircea_popescu: but to give you a proper sense of proportion : when s.dice delisted from mpex, it was actually announced it got sold off, rather than lie about it a la havelock. and then mpex investors got paid on the delisting.

13:01:45 mircea_popescu: this was someting a degree of magnitude larger, too.

13:01:52 assbot: [HAVELOCK] [COG] 4 @ 0.03099999 = 0.124 BTC [-]

13:02:00 azi_: can someone paste the recent chat I got DC'ed

13:02:02 mircea_popescu: because as far as bitcoin finance is concerned, mpex is now and always was a hefty 90% of it.

13:02:12 mircea_popescu: azi_ http://log.bitcoin-assets.com/

13:02:12 azi_: last thing I got was someone saying I am confusing somethig

13:02:20 azi_: good

13:04:11 azi_: mircea_popescu: thanks. can you explain what this S.NSA thing is?

13:04:37 mircea_popescu: it's a company trying to make various gizmos. currently working on a gpg secure usb stick

13:04:50 mircea_popescu: http://fraudsters.com/category/snsa/ << you can read that set

13:04:51 ozbot: S.NSA pe fraudsters - Un blog de Mircea Popescu.

13:05:22 KRS|Gotyawallet: Check out this dual chip miner https://bitcointalk.org/index.php?topic=355268.20

13:05:35 KRS|Gotyawallet: i like S.NSA

13:06:38 mircea_popescu: "It is possible to do scrypt with a fpga, so that implies asic is possible too."

13:07:25 mircea_popescu: kinda funny

13:07:55 mircea_popescu: http://bitbet.us/bet/665/litecoin-ltc-to-over-1b-market-cap-before/ << lmao srsly ?

13:07:56 ozbot: BitBet - LiteCoin (LTC) to over $1B market cap before Jan 15

13:07:58 assbot: [HAVELOCK] [CFIG] 2 @ 0.1 = 0.2 BTC [+]

13:08:05 mircea_popescu: altcoins worth more than most us businesses now ?

13:08:23 Apocalyptic: coblee must be in heaven

13:08:50 mircea_popescu: defo. he premined a lot ?

13:09:00 assbot: [MPEX] [S.MPOE] 15083 @ 0.00090484 = 13.6477 BTC [+] {2}

13:09:06 Duffer1: 696m that's impressive

13:09:15 Apocalyptic: ~10%

13:09:24 BingoBoingo: mircea_popescu: I believe the reading from this spring was he an Artforz were GPU mining on launch, so not pre-mining but something similar.

13:09:57 mircea_popescu: BingoBoingo i know, i know. just pushing teh button a little :)

13:09:59 KRS|Gotyawallet: yes i think asic is possible too

13:10:00 assbot: [MPEX] [S.MPOE] 12517 @ 0.00090574 = 11.3371 BTC [+]

13:10:16 KRS|Gotyawallet: not sure if they would have to use a jit translation before prossessing or not though

13:11:04 BingoBoingo: I'm just impressed how quickly people for got it. Like people forgot SolidCoin was a thing RealSolid did. Or that Vircurex was "hacked" twice and now wants to pay interest on deposits...

13:11:11 mircea_popescu: asic is not efficient, not really, cause you'll need to add memory bus and a bunch of clocking and so on

13:11:22 mircea_popescu: fpga + ram much better solution

13:11:26 mircea_popescu: unless you own a foundry, anyway.

13:11:29 Apocalyptic: BingoBoingo, that amazes me as well

13:11:48 mircea_popescu: BingoBoingo it's not that anyone forgot. it's that nobody of the idiots going for such things makes it long enough

13:11:55 mircea_popescu: so it's always new people falling for the scams.

13:12:32 Duffer1: and foreigners

13:12:41 KRS|Gotyawallet: heres another lawl https://bitsharestalk.org/index.php?topic=1397.0

13:13:34 BingoBoingo: I'm actually amazed by how often I'll run into people on lesser channels who have been trying to make milk come out of faucets for months then emerge after having done no reading for a year to ask "Why do faucets pay less?"

13:13:36 KRS|Gotyawallet: Here's the part that gets me: The proof-of-work would be switched to the signature of our private key and we would set up a server to produce one block every 2 minutes.

13:14:23 mircea_popescu: KRS|Gotyawallet where's that ?

13:14:36 KRS|Gotyawallet: i pasted the linke ^^

13:14:43 mircea_popescu: lol bitsharestalk ? srsly ?

13:14:56 KRS|Gotyawallet: reading the rags

13:15:06 mircea_popescu: lmao. fucktard.

13:15:11 mircea_popescu: "1) Mining based upon resource consumption results in centralization."

13:15:35 mircea_popescu: noob puts on pope hat, makes blood-curdingly stupid general statement with all the authority of stupidity.

13:16:12 mircea_popescu: anyway, to get back to the prev point, the way it usually works is like this : muppet (usually young, ambitious, socially marginal character) finds out about bitcoin.

13:16:14 Duffer1: ha

13:16:38 mircea_popescu: within a day he's bouight some, and spends the next few days not sleeping enough and reading bullshit sources a la reddit.

13:16:55 mircea_popescu: within a week he's put most of his available cash into it, and is getting to a manic phase

13:17:02 mircea_popescu: consider : http://bitbet.us/bet/519/btc-network-difficulty-to-top-1b-before-2014/#c2087

13:17:41 mircea_popescu: so by now he's ripe for the plunder. makes some "investments" on the power of social proof, gets raped, gets depressed and gets to hear from all the (few) people in his life about how he failed again

13:18:02 mircea_popescu: after all, he ain't socially marginal for nothing, he's socially marginal because he has mental habits that don't promote success.

13:18:15 mircea_popescu: and that's all, it took three weeks. next month, new guy hears about bitcoin.

13:18:36 BingoBoingo: Lol, Maybe someone ought to sell Lithium Soda for BTC

13:18:48 mircea_popescu: except he wouldn't take it.

13:18:59 mircea_popescu: mpoe-pr sells lithium soda. our noob is more likely to ignore her.

13:21:00 Duffer1: and they don't even know you're actually trying to help them by paying her to do it

13:21:41 mircea_popescu: well some figure it out eventually.

13:25:09 mircea_popescu: upon rereading, KRS|Gotyawallet you realise "lmao fucktard" didn't mean you but the quoted kid.

13:25:15 assbot: [HAVELOCK] [KCIM] 56 @ 0.00250035 = 0.14 BTC [-] {5}

13:30:04 KRS|Gotyawallet: yeh

13:30:27 mircea_popescu: internets be misinterpretable i tell ya.

13:30:39 mircea_popescu: so, pre-announcement :

13:31:06 mircea_popescu: mpoe-pr just completed a 3 month long project of going through the forum and picking out the places where she called out a scam, people called her fud and then it turned out she was right.

13:31:16 mircea_popescu: it's like a mile long, and i;ll be publishing it soon.

13:31:24 KRS|Gotyawallet: People are going to continue to get hurt here.

13:31:29 Apocalyptic: heh, nice

13:31:49 mircea_popescu: so prepare a large mug of coffee, set your poppers to poppin' corn etc.

13:32:00 Duffer1: i hope you inlude that xxxprofit guy lol man.. what balls

13:32:05 KRS|Gotyawallet: This is just the beginning it seems..and i thought the offerings were maturing, we're turning the dial back to flat out retarded.

13:32:16 azoo: who are you guys talking about

13:32:25 azoo: looks like a nice success story :)

13:32:30 Duffer1: pretty much everyone azoo hehe

13:32:46 KRS|Gotyawallet: Yep. Duffer1- a Zoo

13:34:00 Duffer1: are there any instances where she was wrong?

13:35:01 mircea_popescu: Duffer1 not really.

13:35:19 mircea_popescu: she never called mpex stuff a scam, and that's everyone.

13:35:29 Duffer1: that's actually really depressing

13:48:38 assbot: [MPEX] [S.MPOE] 25800 @ 0.00090574 = 23.3681 BTC [+]

13:52:42 assbot: [HAVELOCK] [PETA] 20 @ 0.05 = 1 BTC

13:56:35 azoo: mircea_popescu: how does one actually buy shares on your site?

13:56:46 assbot: [MPEX] [S.MPOE] 3950 @ 0.00090574 = 3.5777 BTC [+]

13:56:57 mircea_popescu: dja read the faq ?

14:01:07 truffles: its a tarp

14:01:34 azoo: yeah i've already went to read the FAQ once

14:01:37 azoo: but it looked weird

14:02:00 mircea_popescu: well see, the idea is that people to whom it looks weird don't get to buy.

14:02:44 azoo: looked weird = as watching fear and loathing in las vegas :)

14:03:40 mircea_popescu: ha

14:04:10 Duffer1: azoo try coinbr

14:05:02 pigeons: yeah mermaids aren't weird

14:05:38 mircea_popescu: well... they float, they got tits...

14:05:46 mircea_popescu: seems oddly apt as a symbol for finance.

14:07:08 pigeons: should make an exact mpex clone with no new functionality just charge 5% to view it in a bootstrap template

14:10:13 azoo: forget about shares.. i'll just become a MPEx affiliate http://mpex.co/faq.html#13

14:10:46 azoo: earning 5BC in a simple as pie fashion :)

14:16:05 assbot: [MPEX] [S.MPOE] 20561 @ 0.00090661 = 18.6408 BTC [+] {2}

14:16:42 mircea_popescu: people have been known to do that.

14:19:08 assbot: [MPEX] [S.MPOE] 20400 @ 0.00090681 = 18.4989 BTC [+]

14:19:58 azoo: i think i fall into your category of idiots as i am still wondering if the 30BTC fee is a joke, troll, serious requirement or all of the tree

14:20:01 azoo: three*

14:26:15 assbot: [HAVELOCK] [AM1] 9 @ 0.24155555 = 2.174 BTC [-] {6}

14:26:42 kakobrekla: https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn2/1511473_662172583834072_2104522041_n.jpg

14:27:16 assbot: [MPEX] [S.MPOE] 10188 @ 0.00090814 = 9.2521 BTC [+] {2}

14:31:20 assbot: [MPEX] [S.MPOE] 4700 @ 0.00090821 = 4.2686 BTC [+]

14:34:10 azoo: zivijo kakobrekla

14:36:25 assbot: [HAVELOCK] [SFI] 1477 @ 0.001 = 1.477 BTC

14:43:32 assbot: [HAVELOCK] [AM1] 5 @ 0.24 = 1.2 BTC [-] {2}

14:44:33 assbot: [MPEX] [S.MPOE] 30673 @ 0.00090425 = 27.7361 BTC [-] {3}

14:44:48 kakobrekla: zivjo azoo

14:45:05 kakobrekla: kaj bo dobrega :)

14:45:34 assbot: [HAVELOCK] [PETA] 10 @ 0.05 = 0.5 BTC

14:45:43 azoo: hm.. kakobreku...

14:46:24 kakobrekla: :p

14:52:53 mircea_popescu: azoo you familiar with the concept of "qualiified investor" ?

14:54:00 azoo: mircea_popescu: yes i've read about that sutff just now and it makes more sense

14:54:09 mircea_popescu: aite.

14:54:13 azoo: tho its quite pricy now that BC rised so much

14:54:25 mircea_popescu: it's still 30 btc.

14:54:33 azoo: yes

14:54:38 azoo: this is what i like about the site

14:54:49 azoo: but its a pain in the as as well as you also can understand I suppose

14:54:57 mircea_popescu: yup.

14:55:12 mircea_popescu: qualified investor. technologically and financially.

14:55:47 azoo: or qualified by luck

14:55:52 azoo: which is life I suppose :-)

14:56:03 mircea_popescu: luck always plays a part, in everythi8ng worth doing

14:56:17 mircea_popescu: but you're right, if you were here march-april 2012 you could have had one for free

14:56:20 mircea_popescu: some people did.

14:56:45 mircea_popescu: strangely enough, they all also knew one of python/perl/bash, had gpg sigs and are now rich.

14:57:05 mircea_popescu: so what i mean is... they still meet the quals, in spite of so much changing in the interim

14:57:07 mircea_popescu: funny how that works.

14:57:16 azoo: yeah I mean the site itself would drive off anyone not fammiliar with this stuff

14:57:46 assbot: [HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC

14:57:47 assbot: [HAVELOCK] [PETA] 100 @ 0.05 = 5 BTC

14:59:28 mircea_popescu: well... they're all rich except kako. he just drives very expensive cars.

14:59:57 kakobrekla: lmao FU :D

15:00:01 mircea_popescu: hehe

15:01:11 azoo: btw when u talk about richeness you're again relating it to $$

15:01:50 assbot: [MPEX] [S.MPOE] 22385 @ 0.00090199 = 20.191 BTC [-] {2}

15:08:57 assbot: [MPEX] [S.MPOE] 2150 @ 0.00090105 = 1.9373 BTC [-]

15:20:08 assbot: [MPEX] [S.MPOE] 16085 @ 0.00090186 = 14.5064 BTC [+]

15:31:19 assbot: [MPEX] [S.MPOE] 26600 @ 0.00090186 = 23.9895 BTC [+]

15:39:27 assbot: [HAVELOCK] [NEOBEE] 200 @ 0.002825 = 0.565 BTC [+]

15:47:35 assbot: [HAVELOCK] [HIF] 1000 @ 0.00049998 = 0.5 BTC [+] {3}

15:49:37 assbot: [HAVELOCK] [NEOBEE] 300 @ 0.00282957 = 0.8489 BTC [+] {3}

15:50:04 mircea_popescu: http://fraudsters.com/2013/perfect-money-corrupts-absolutely/#comment-94017

15:50:04 ozbot: Perfect money corrupts absolutely pe fraudsters - Un blog de Mircea Popescu.

15:50:06 mircea_popescu: check out this schmuck.

15:50:11 mircea_popescu: since summer with this.

15:51:51 kakobrekla: im thinking, XVII + nineteen would prolly stop him

15:52:48 mircea_popescu: but my point is... so some kid gets out of school in june and wants to become a man over the summer.

15:52:53 mircea_popescu: some try to get laid, others try to get rich

15:53:01 mircea_popescu: shouldn't he be back to writing homework by now ?

15:54:31 kakobrekla: its just spam

15:54:58 mircea_popescu: nah, it's hand written

15:55:56 kakobrekla: hand written spam.

15:56:04 mircea_popescu: yeah.

15:56:10 mircea_popescu: almost like the hand-run compiler.

15:57:35 kakobrekla: well, you can hand power a dynamo and use that to power the compiler.

15:57:41 kakobrekla: just fyi.

15:57:53 mircea_popescu: ooooor, you could cock-power a dynamo

15:57:57 mircea_popescu: and use the ooze for coolant too.

15:58:39 kakobrekla: i dont have that sort of cock.

15:59:06 mircea_popescu: internet epeen competition. "save the whales, power your compiler".

16:00:23 kakobrekla: anyway as the workforce gets cheaper i dont see why you wouldnt see hand written spam for a non outofthebox codebase sites

16:01:11 kakobrekla: even assets suffers spam

16:01:30 kakobrekla: assbot excluded

16:04:52 assbot: [MPEX] [S.MPOE] 20399 @ 0.00090205 = 18.4009 BTC [+] {2}

16:05:03 mircea_popescu: lol

16:05:18 mircea_popescu: except fraudsters is quite out of the box.

16:05:31 kakobrekla: one more reason you need humans to do it

16:09:57 mircea_popescu: ya

16:21:08 assbot: [HAVELOCK] [HMF] 9 @ 0.02281001 = 0.2053 BTC [-]

16:29:40 thestringpuller: everytime I install litecoin related software it's all Kapersky is all "MALWARE DETECTED, WARNING SOMEONE TRYNNA STEAL YO BITCOINS"

16:30:01 thestringpuller: Litecoins grestest long-run scam ever to deploy worms to steal btc?

16:30:50 thestringpuller: ;;bc,stats

16:30:52 gribble: Current Blocks: 275066 | Current Difficulty: 9.08350862437022E8 | Next Difficulty At Block: 276191 | Next Difficulty In: 1125 blocks | Next Difficulty In About: 5 days, 19 hours, 10 minutes, and 30 seconds | Next Difficulty Estimate: 1104677340.74 | Estimated Percent Change: 21.61351

16:31:02 thestringpuller: ;;estimate

16:31:03 gribble: Next difficulty estimate | 1104677340.74 based on data since last change | 1186210790.64 based on data for last three days

16:33:51 pankkake: new litecoin version failed to replace a "Bitcoin" string

16:34:13 mircea_popescu: ;p;

16:34:52 KRS|Gotyawallet: http://www.businessinsider.com/why-bitcoin-will-never-be-a-currency--in-two-charts-2013-12

16:34:54 pankkake: so that diff bet is pretty much done? :(

16:35:17 dexX7: yup, you are screwed

16:35:22 assbot: [HAVELOCK] [PETA] 20 @ 0.05 = 1 BTC

16:35:40 dexX7: ;)

16:37:36 pankkake: I feel like I have read that article ten times already

16:38:08 mircea_popescu: pankkake more like 10`000 times.

16:38:32 mircea_popescu: i see that, what i read is "i am a noob, hear my uninformed convictions and care enough about my worthless persona to set me straight"

16:38:37 mircea_popescu: as if it makes a difference, srsly.

16:39:20 KRS|Gotyawallet: pankkake date on that article makes it almost exactly 12 hours old

16:39:27 KRS|Gotyawallet: there have been others?

16:40:01 pankkake: that's not what I meant KRS. I specifically saw it was new, but it has nothing new, and the same broken arguments were exposed before

16:41:00 pankkake: the "prices fell during the depression so prices falling is bad" is so… how do you even logic

16:41:40 thestringpuller: What Bitcoin really needs is a central bank to stabilize its value. When the demand for Bitcoin goes up, they need to print more to keep it from skyrocketing. That is, they need to decide whether they want Bitcoin to be a Ponzi scheme for techno-libertarians or an actual medium of exchange.

16:41:45 thestringpuller: Just

16:41:46 thestringpuller: wow?

16:41:48 thestringpuller: uh

16:41:54 pankkake: :D

16:41:58 thestringpuller: Not even my puppy is that uninformed.

16:42:16 thestringpuller: Middle schoolers are more informed....

16:42:40 pankkake: of course, because they haven't been actively misinformed yet :)

16:43:38 thestringpuller: mircea_popescu: this is less of "i'm a n00b" and more of "i have no idea how economics really work and believe we should just print more money so we can fix our bad debts. Make it rain Ben Bernanke while I suck your dick."

16:44:11 mircea_popescu: imo that's a noob.

16:44:40 thestringpuller: lol ignorance == n00b?

16:44:45 pankkake: there's the humble noob and the entitled noob

16:44:46 mircea_popescu: isn;'t that the definition ?

16:44:49 thestringpuller: there's hope for n00bs cause MAY be able to teach them

16:44:54 mircea_popescu: there's nothing new in this world except for the history you don't know.

16:45:21 mircea_popescu: pankkake yeah, noobs handle their ignorance differently. but still, how else do you know a noob's a noob ? by their ignorance.

16:49:29 KRS|Gotyawallet: ignorance != noob..matters are that said noob did not get the memo

16:50:02 pankkake: so noobs are ignorants that didn't lurk moar

16:50:07 KRS|Gotyawallet: noobs get the memo then noob on in light of that

16:50:14 KRS|Gotyawallet: lol pankkake

16:50:26 mircea_popescu: i guess there's newbs and then there's noobs.

16:50:32 pankkake: it's not a joke

16:50:34 pankkake: right

16:51:08 KRS|Gotyawallet: entertaining conversation..kind of relaxing watching the lemmings isnt it

16:51:20 mircea_popescu: it is

16:51:21 pankkake: lurking moar should be taught in school

16:51:26 mircea_popescu: and im halfway through this fucking thing.

16:51:31 mircea_popescu: it's 100kb ;/

16:55:31 sbp: "bitcoin entered the world on Jan. 3, 2009, when a shadowy hacker — or team of hackers — working under the name Satoshi Nakamoto released an ingenious string of computer code" — http://www.nytimes.com/2013/12/15/sunday-review/the-bitcoin-ideology.html

16:55:49 sbp: 2013, the media still hasn't caught up with programming, let alone bitcoin

16:56:40 mircea_popescu: it won't ever happen.

16:57:00 mircea_popescu: if they had the mental power to catch up they'd be doing better money than whatever foodstamps "the press" pays.

16:57:01 asciilifeform: 'the camel has two humps.'

16:57:44 assbot: [MPEX] [S.MPOE] 60863 @ 0.00090095 = 54.8345 BTC [-] {2}

16:57:45 asciilifeform: (http://www.codinghorror.com/blog/2006/07/separating-programming-sheep-from-non-programming-goats.html for anyone who doesn't remember.)

16:58:14 asciilifeform: short version: factory-OEM human brain doesn't deal in abstraction.

16:58:23 asciilifeform: electronic or otherwise.

16:59:15 mircea_popescu: ayu[

16:59:20 asciilifeform: see also 'the cold equations.' (tom godwin, 1954.)

16:59:26 mircea_popescu: bitcoin actually happens to be a two hump sifter.

16:59:34 mircea_popescu: i wasn't kidding when i said they're turning into niggers.

16:59:57 mircea_popescu: what bitcoin does is it meaningfully sepparates the population, and i see nobody credibly arguing for extending human status past the 2nd bump

17:00:16 asciilifeform: it's at least as much of a sifter as abstract algebra.

17:00:32 pankkake: "most people can't learn to program" is really true. but it goes against the egalitarian ideology "you can do anything"

17:00:53 asciilifeform: and these sample people think that training circus animals is cruel.

17:01:34 mircea_popescu: asciilifeform no. because abstract algebra does not allocate resources

17:01:48 kakobrekla: > •8% of students didn't give a damn and left the answers blank.

17:02:00 asciilifeform: with bitcoin we have sorter and sifter in one.

17:02:28 mircea_popescu: it went from "indicator light" (algebra) to "execution squad" (bitcoin)

17:02:30 mircea_popescu: quite different.

17:02:38 asciilifeform: kakobrekla: the real shocker was that the 'back hump' did not cough up a model of the problem. even a wrong one.

17:02:58 mircea_popescu: why is this a shiocker ? or in what perspective ?

17:03:08 asciilifeform: their answers did not sum up to a consistent picture of anything. even a mistaken picture.

17:03:34 asciilifeform: a shocker for the teacher, not for me in particular

17:06:54 mircea_popescu: you seen the pictures of spider;s webs made by high spiders ?

17:07:04 asciilifeform: people who can't (or won't) do arithmetic and turn into the Financially Sad are nothing new

17:07:14 mircea_popescu: if the box ain't functioning, there's no guarantee you end up with a web. even a not working one.

17:07:16 asciilifeform: but the study of the underlying pathology is useful.

17:07:22 asciilifeform: correct.

17:25:15 mircea_popescu: pankkake you were saying a few days ago about being disgusted with ppl lauding scams just because they hope they get a little back ? where is it, i want to quote it.

17:27:43 pankkake: https://bitcointalk.org/index.php?topic=289730.msg3884221#msg3884221 https://bitcointalk.org/index.php?topic=297530.msg3883958#msg3883958 perhaps… unless it was on irc. I post too much crap

17:27:45 ozbot: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings

17:27:47 pankkake: hmm https://bitcointalk.org/index.php?topic=289730.msg3878956#msg3878956

17:29:05 pankkake: you've got to see the custom mining hardware forum too, where shareholders shill for their companies that are not shipping

17:29:27 nubbins`: custom mining sub is brutal

17:30:14 pankkake: https://bitcointalk.org/index.php?topic=358820.0;viewResults you have to wonder, who are those 7 guys?

17:30:16 ozbot: [VMC] Poll: Have you Received Shipping Notification?

17:30:25 mircea_popescu: yes it was on irc

17:30:29 mircea_popescu: i don't rly read the forum

17:32:08 mircea_popescu: lmao, so anything to avoid an actual delivery bet huh ? we make a fake bitbet out of forum paste & spit, pretend and pray.

17:32:18 assbot: [HAVELOCK] [PETA] 20 @ 0.05 = 1 BTC

17:32:25 nubbins`: the bitcoin "community" in general is a cesspool of stupidity and frottage

17:34:54 nubbins`: custom mining sub: http://upload.wikimedia.org/wikipedia/commons/7/71/Geiger-masturbation-mutuelle.jpg

17:41:27 assbot: [HAVELOCK] [AM1] 5 @ 0.25 = 1.25 BTC [+]

17:41:57 mircea_popescu: http://fraudsters.com/2013/mpoe-pr-almost-two-years-in-the-swamp-an-anthology/

17:41:58 ozbot: MPOE-PR, almost two years in the swamp. An anthology. pe fraudsters - Un blog de Mircea Popescu.

17:43:51 mircea_popescu: asciilifeform http://www.cs.mdx.ac.uk/research/PhDArea/saeed/ << the paper chorror references has mysteriously disappeared in tjhe meanwhile.

17:44:16 nubbins`: this will be equal parts comedy and tragedy

17:44:21 mircea_popescu: instead ? some gargle about inclusiveness.

17:44:31 mircea_popescu: nubbins` hollywood got nothin' on this.

17:46:01 nubbins`: aha, the one guy referred to mp+-pr as "shim"

17:46:03 nubbins`: great

17:47:03 nubbins`: ;;ud shim

17:47:03 gribble: http://www.urbandictionary.com/define.php?term=shim | 2. shim. (n)-A person of anonymous or unconfirmed gender. Usually only applicable to people met online. Are you still going out with that shim? mark as favorite ...

17:47:03 thestringpuller: ;;seen jurov

17:47:04 gribble: jurov was last seen in #bitcoin-assets 6 hours, 18 minutes, and 57 seconds ago: <jurov> SPREADSHEET KILLS

17:47:05 ozbot: Urban Dictionary: shim

17:47:48 nubbins`: wow, guy wrote bearshare?

17:48:07 nubbins`: i remember that

17:49:45 pankkake: mircea_popescu: http://log.bitcoin-assets.com/?date=08-12-2013#411741 that might be it, if you're willing to read the whole day I guess

17:49:50 pankkake: of emo pankkake

17:50:02 mircea_popescu: lol

17:50:32 mircea_popescu: nah it was a coupla days before that i think

17:50:35 pankkake: http://log.bitcoin-assets.com/?date=07-12-2013#411520

17:50:37 mircea_popescu: when it first dawned on you that

17:50:37 ozbot: #bitcoin-assets log

17:50:45 pankkake: yeah that's the one

17:50:47 mircea_popescu: yup

17:51:37 assbot: [HAVELOCK] [AM1] 1 @ 0.25 BTC [+]

17:52:36 mircea_popescu: edited.

17:55:04 pankkake: but then you have to ask yourself why would anyone sane still use bitcoin

17:59:14 thestringpuller: people still use bearshare?

17:59:29 mircea_popescu: doesn't seem likely.

18:00:05 pankkake: what is it, a program for hairy gay swingers?

18:00:46 assbot: [MPEX] [S.MPOE] 5131 @ 0.00090006 = 4.6182 BTC [-]

18:01:16 mircea_popescu: haha

18:05:43 thestringpuller: what is the recipe in romania?

18:05:50 thestringpuller: in LA it is women weed and weather

18:08:02 mircea_popescu: i think it varies.

18:08:54 assbot: [HAVELOCK] [AM100] 149 @ 0.00220102 = 0.328 BTC [-] {3}

18:17:02 asciilifeform: mircea_popescu: http://www.eis.mdx.ac.uk/research/PhDArea/saeed/paper1.pdf loads fine

18:18:13 asciilifeform: and, afaik, bearshare is dead, but the (DHT-based) 'edonkey' is still up and running, and stuffed full of high-quality rarities

18:18:26 asciilifeform: (scanned russian maths books, etc)

18:19:08 pankkake: edonkey network still has some active communities and good stuff. actually it was the only one of those with actual communities

18:20:40 asciilifeform: if 'bittorrent' is your neighbourhood dope pusher, 'edonkey' is alex shulgin's basement lab.

18:21:18 pankkake: that's not really true anymore. public bittorrent yes, but private communities are thriving

18:21:57 pankkake: and then there's the odd soulseek, still up while having some heavy centralization

18:22:12 asciilifeform: pankkake: are you a member of any that have 1970s soviet trinary mainframe manuals, rather than peculiar and rare fetish porn?

18:22:34 asciilifeform: (nothing against the latter, but the former is more what i had in mind)

18:23:08 assbot: [MPEX] [S.MPOE] 42637 @ 0.00090097 = 38.4147 BTC [+] {2}

18:23:52 asciilifeform: ed is still, afaik, the only place where you will find some of the more interesting and factual (older) 'paladin press' works.

18:24:54 mircea_popescu: asciilifeform ah yea. meant the earlier link

18:25:46 pankkake: there was a community named "horseporn junction" that I was not part of, but it might be a hoax

18:26:13 mircea_popescu: would horses lie ?

18:26:28 pankkake: but you can find some good stuff elsewhere

18:27:04 mircea_popescu: "The interpretation of the results of the above assignment test make me feel angry. I am not a teacher but I am confident that I can teach (in less than 15 minutes) any person smart enough to be admitted to a computer science class how to pass the above test. The results speak volumes about the utter ignorance of educators regarding the nature of human knowledge and how to acquire it. It is a tremendous act of injustic

18:27:04 mircea_popescu: e to blame the students and not the teachers. Now if a student is *unwilling* to learn the material then that is another question.

18:27:05 mircea_popescu: But to blame the poor education methods on students willing to acquire the knowledge is just ridiculous.

18:27:25 mircea_popescu: check out this guy. he's a teacher who feels able to help people fake the test,

18:27:45 mircea_popescu: and he imagines this means the conclusions of the test only show how desperately the world needs more teachers.

18:28:19 mircea_popescu: i suppose this is the original font of bureaucracy.

18:29:10 asciilifeform: alan kay (smalltalk), the original 'i'll teach even monkeys to program' fellow, persists in this delusion.

18:29:57 mircea_popescu: it's not so different from the conviction one can patent medicine,

18:30:09 mircea_popescu: which in the end boils right back into the old trunk of crafting the perpetuum mobile.

18:30:22 asciilifeform: maybe these folks will relent once they understand that even literacy cannot be taught to everyone.

18:31:20 mircea_popescu: these folks will never relent.

18:31:43 mircea_popescu: inasmuch their problem is a relation to the self rather than to the world, the only way to have them relent is to change them

18:31:58 mircea_popescu: either back into anorganic matter, or else chinese re-education or w/e.

18:32:46 asciilifeform: or just let them go broke, and they can join the crackpots who spend their lives teaching dolphins sign language.

18:33:27 mircea_popescu: same thing.

18:33:45 mircea_popescu: incidentally, there is a good objection there : the example given seems very tilted toward people with experience in a C-like language.

18:33:58 mircea_popescu: "otherwise you need to use the 'code-cracking' part of your brain to try and infer a meaning from an unknown syntax."

18:34:14 mircea_popescu: as all cognitive tests, the one proposed measures more the bias of the tester than the subject.

18:34:19 assbot: [MPEX] [S.MPOE] 3600 @ 0.00090414 = 3.2549 BTC [+]

18:34:28 mircea_popescu: asciilifeform incidentally, do you know the story of the kid who wouldn't pass physics exam ?

18:34:33 asciilifeform: let somebody give the same test with (kindergarten level) electric circuits.

18:34:35 asciilifeform: ?

18:35:10 mircea_popescu: lemme see if i find this

18:35:38 pankkake: asciilifeform: http://i.imgur.com/MR5c0dB.png ?

18:36:04 mircea_popescu: http://www.snopes.com/college/exam/barometer.asp

18:36:33 asciilifeform: pankkake: 1 or 2 of these are interesting, in the sense of 'what not to do'

18:37:25 asciilifeform: the barometer example is just one of a poorly-specified problem

18:38:35 asciilifeform: that is, one ought to ask 'you are alone in the desert, even the shirt on your back has worn to tatters, you encounter the obelisk of ozymandias, quite tall, and wish to measure its height before you die of thirst, with nothing but your remaining barometer.'

18:39:10 mircea_popescu: you are wrong to imagine this problem can be solved by specification.

18:39:21 mircea_popescu: this is the exact equivalent of the "poorly specified bitbet bet" fallacy.

18:39:36 asciilifeform: any kid who can still wiggle out from under the conditions with finesse should be marked passing.

18:39:36 mircea_popescu: natural language does not allow specification, and most fields of interest for humans do not allow formal language.

18:39:46 mircea_popescu: so you've just moved the goalposts.

18:39:49 mircea_popescu: consider http://www.snopes.com/college/exam/choice.asp

18:40:25 assbot: [HAVELOCK] [NEOBEE] 97 @ 0.00279 = 0.2706 BTC [+]

18:40:35 asciilifeform: programmer's wife: 'do you want pizza or chinese for dinner?' programmer: 'yes.'

18:40:41 mircea_popescu: hehe

18:45:15 KRS|Gotyawallet: This hw offering is from China, land of the asics. It must not be a scam. I heard the chips grow in the wild there. It must be wonderful. http://www.cybtc.com/thread-3396-1-1.html

18:45:30 assbot: [MPEX] [S.MPOE] 28400 @ 0.00090414 = 25.6776 BTC [+]

18:45:42 mircea_popescu: lol

18:46:23 asciilifeform: re: asics: anyone crazy enough to build a discrete-TTL logic miner yet?

18:47:05 mircea_popescu: no.

18:48:13 asciilifeform: does anyone even remember how to design with ECL circuits nowadays...

18:48:36 mircea_popescu: possibly. many people involved in mining are from the "old world"

18:48:41 mircea_popescu: ie, russia, china etc.

18:48:50 asciilifeform: (you can buy ~50GHz+ ECL gates from mouser, or whoever)

18:50:03 KRS|Gotyawallet: here is the english translation of the site

18:50:10 KRS|Gotyawallet: dig that first comment, reserved for a certain team-

18:50:10 KRS|Gotyawallet: http://translate.google.com/translate?js=n&sl=auto&tl=destination_language&u=http://www.cybtc.com/thread-3396-1-1.html

18:52:13 mircea_popescu: googlish is hardly english

18:52:21 KRS|Gotyawallet: Its cattle.

18:53:01 mircea_popescu: Hot Search: pumpkin baked cat butterfly KNC Bitfury Bitmine Avalon TMR

18:53:06 mircea_popescu: herp :D

18:53:46 KRS|Gotyawallet: hah

18:54:07 mircea_popescu: diginforce is Gridseed total online sales agents, sales are now sold out yesterday, there is no development board conference

18:55:42 KRS|Gotyawallet: Bigtime Protoshares/Invictus drama brewing.

18:56:28 pankkake: what stupid thing did they do this time?

19:04:49 assbot: [MPEX] [S.MPOE] 37200 @ 0.00090414 = 33.634 BTC [+]

19:07:16 mircea_popescu: http://www.t3.com/news/the-pirate-bay-changes-domain-to-stay-ahead-of-the-law

19:07:18 ozbot: The Pirate Bay changes domain to stay ahead of the law | T3

19:07:19 mircea_popescu: y no namecoin

19:10:25 Kleeck: I like PirateBay.

19:12:37 asciilifeform: would anyone care to explain why namecoin, when you can encode name-ipv4 pairs in the conventional blockchain trivially

19:13:34 pankkake: there is a thepiratebay.bit… but it's domain squatted

19:13:58 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00279 = 0.1395 BTC [+]

19:14:09 pankkake: anyway to access TPB: http://proxybay.info/

19:15:00 KRS|Gotyawallet: asciilifeform thats cool man

19:15:42 asciilifeform: KRS|Gotyawallet: not like it was my idea. has been obvious for ages.

19:16:57 asciilifeform: store a few bytes as small tx.

19:17:35 asciilifeform: (or gigantic tx. doesn't matter, since the coin is going in a closed loop.)

19:18:05 asciilifeform: that is, between your own addrs.

19:23:07 assbot: [MPEX] [S.MPOE] 48050 @ 0.00090854 = 43.6553 BTC [+] {4}

19:31:01 mircea_popescu: asciilifeform this is the first time a dns server has to handle 10gb of cruft to resolve a query.

19:34:22 pankkake: namecoin features could be added to bitcoin, but the idea was that miners would be against it… well the result is now no one cares

19:34:34 pankkake: people buy namecoins but have no idea what they are for :|

19:34:51 mircea_popescu: well inasmuch as they don't really work for that which they are for, arguably it doesn't matter.

19:35:18 pankkake: it works, but the tools suck or do not exist

19:35:39 mircea_popescu: re-read what you just said o.o

19:36:38 pankkake: it works in the sense that you can register a name, update it, etc.

19:37:00 pankkake: http://explorer.bit/n/42707 pretty cool right? if only there was an application exploiting it!

19:38:22 assbot: [HAVELOCK] [AM1] 2 @ 0.24525001 = 0.4905 BTC [-] {2}

19:38:23 assbot: [HAVELOCK] [CFIG] 7 @ 0.1 = 0.7 BTC [+]

19:38:40 mircea_popescu: im curious what the pirate bay browser will be like.

19:38:52 asciilifeform: mircea_popescu: dns server already chugs 10+GB of turd: unix.

19:38:59 pankkake: ugh I guess I should give the non-.bit URL: http://explorer.dot-bit.org/n/42707

19:39:03 mircea_popescu: also just made them an offer to sponsor them, curious if they manage to find their way out of the paper bag.

19:39:14 mircea_popescu: asciilifeform it's not 10gb tho

19:39:31 pankkake: I thought their browser already existed, and that it was a tor bundle fork

19:40:17 pankkake: http://piratebrowser.com/

19:40:19 mircea_popescu: sort-of

19:41:13 pankkake: projects of alternative roots never went far, too. there was .42 which gave pretty much nothing

19:41:25 assbot: [HAVELOCK] [AM100] 92 @ 0.00229808 = 0.2114 BTC [+] {8}

19:41:26 assbot: [HAVELOCK] [AM1] 1 @ 0.24050001 BTC [-]

19:46:30 assbot: [MPEX] [S.MPOE] 21121 @ 0.00090414 = 19.0963 BTC [-]

20:08:52 assbot: [MPEX] [S.MPOE] 31956 @ 0.00090444 = 28.9023 BTC [+]

20:36:19 assbot: [MPEX] [S.MPOE] 39600 @ 0.00090174 = 35.7089 BTC [-] {2}

20:43:26 assbot: [MPEX] [S.MPOE] 13040 @ 0.0009044 = 11.7934 BTC [+] {2}

20:51:34 assbot: [HAVELOCK] [NEOBEE] 99 @ 0.002845 = 0.2817 BTC [+]

21:19:11 mircea_popescu: "I want to introduce myself. My name is Michael from Cloudhashing.com, and I have taken over the public relations work there after being one of their customers since August. I will be the only one writing from this account now. "

21:19:12 mircea_popescu: o.o

21:22:32 Namworld: What?

21:25:10 mircea_popescu: i have no idea dood, it's like complete chaos.

21:25:44 mircea_popescu: "hello i am your new waiter after eating here for three weeks i am now qualified to make food. the brainwashing is real good, please try it."

21:29:11 assbot: [HAVELOCK] [PETA] 48 @ 0.05 = 2.4 BTC

21:35:36 pankkake: can something with "cloud" in its name not be a scam?

21:42:24 assbot: [MPEX] [S.MPOE] 4942 @ 0.00090028 = 4.4492 BTC [-]

21:43:12 pankkake: ;;estimate

21:43:13 gribble: Next difficulty estimate | 1099731120.92 based on data since last change | 1191737820.33 based on data for last three days

21:53:11 dub: ;;bc,stats

21:53:14 gribble: Current Blocks: 275103 | Current Difficulty: 9.08350862437022E8 | Next Difficulty At Block: 276191 | Next Difficulty In: 1088 blocks | Next Difficulty In About: 6 days, 2 hours, 41 minutes, and 47 seconds | Next Difficulty Estimate: 1100272777.8 | Estimated Percent Change: 21.12861

21:53:33 dub: ;;nethash

21:53:34 gribble: 8524940.56545

22:17:59 assbot: [HAVELOCK] [PETA] 3 @ 0.05 = 0.15 BTC

22:32:13 assbot: [MPEX] [S.MPOE] 26700 @ 0.00089943 = 24.0148 BTC [-]

22:40:21 assbot: [MPEX] [S.MPOE] 5900 @ 0.00089943 = 5.3066 BTC [-]

22:54:35 assbot: [MPEX] [S.MPOE] 1100 @ 0.00089949 = 0.9894 BTC [+]

23:05:46 assbot: [MPEX] [S.MPOE] 13900 @ 0.00089949 = 12.5029 BTC [+]

23:08:49 assbot: [HAVELOCK] [NEOBEE] 283 @ 0.0028479 = 0.806 BTC [+]

23:16:29 mircea_popescu: ;;eauth mircea_popescu

23:16:29 gribble: Request successful for user mircea_popescu, hostmask mircea_popescu!~Mircea@pdpc/supporter/silver/mircea-popescu. Get your encrypted OTP from http://bitcoin-otc.com/otps/8A736F0E2FB7B452

23:16:50 mircea_popescu: ;;everify freenode:#bitcoin-otc:ab62ac49dc6fe5b52726b421d41eb2c753a4056ad1457349660e8819

23:16:51 gribble: You are now authenticated for user mircea_popescu with key 8A736F0E2FB7B452

23:16:57 assbot: [HAVELOCK] [CFIG] 3 @ 0.09666666 = 0.29 BTC [-] {2}

23:17:58 assbot: [HAVELOCK] [CFIG] 4 @ 0.09037504 = 0.3615 BTC [-] {3}

23:18:59 assbot: [HAVELOCK] [PETA] 13 @ 0.05 = 0.65 BTC

23:45:47 mircea_popescu: ok, so, major announcement :

23:46:01 fiat500: o no

23:46:01 mircea_popescu: bitcoin-central & mpex are proud to announce X.EUR, http://mpex.co/?mpsic=X.EUR

23:46:09 fiat500: oh, sweet

23:46:10 mircea_popescu: teh physically settled monthly euro future

23:46:17 mircea_popescu: it will start trading tomorrow.

23:47:27 assbot: [MPEX] [S.MPOE] 37550 @ 0.00089942 = 33.7732 BTC [-] {3}

23:48:48 jurov: w00t

23:48:57 pizzaman1337: wait, physically settled?

23:49:00 mircea_popescu: yes.

23:49:09 jurov: but dunno when b-c finally verifies my company acct

23:49:11 mircea_popescu: ie, actual future, not bucket shop bs.

23:49:21 pizzaman1337: MP comes with a briefcase full of cash to my door?

23:49:36 mircea_popescu: pizzaman1337 no, but you get euros in your bc acct.

23:53:33 assbot: [MPEX] [S.MPOE] 28974 @ 0.00090032 = 26.0859 BTC [+] {2}

23:55:45 jurov: heh looks *I* will have to do with briefcases of cash, if someone exercises them via coinbr

23:56:30 jurov: this gonna get interesting

23:57:39 mircea_popescu: jurov you can probably just subsign.

23:57:54 sundun_: hey

23:57:56 sundun_: anyone here?

23:57:56 mircea_popescu: ie, ask YOUR customer to gpg sign THEIR bc acct.

23:58:06 mircea_popescu: and oversign that and ship it to davout

23:58:17 sundun_: o i guess that's a yes >_<

23:58:24 mircea_popescu: sup sundun_ ?

23:58:31 jurov: mhm, good then

23:58:36 sundun_: just saying hi

23:58:39 sundun_: had a couple of questions

23:58:45 sundun_: but i dunno how active this chat is

23:58:46 mircea_popescu: jurov i don't imagine they'd look too kindly on you fronting for ppl on your own acct anyway

23:59:00 mircea_popescu: sundun_ this chat is the heart and especially brains of btc finance. what do you need ?

23:59:07 jurov: i was going to ask anyway

23:59:17 sundun_: haha mircea

23:59:29 sundun_: soooo

23:59:34 pizzaman1337: you laugh...

23:59:42 sundun_: i'm not sure what that means XD