home | log | search | bash |


Transcript for 16-05-2013, 1723 lines:

00:04:16 tbux: hi. Having a big problem with the site, I won a bet and elected the winnings to be paid back to the originating address, however it never happened. Can someone who works fo rthe site PM me please.

00:06:37 kakobrekla: sure tbux

00:06:41 tbux: thanks

00:17:44 inhies: [BTCTC] [ASICMINER-PT] 2 @ 1.4 = 2.8 BTC [-]

00:17:46 inhies: wtf

00:18:06 inhies: ah

00:18:07 inhies: option

00:19:04 kakobrekla: hm

00:19:09 kakobrekla: that should be more clear

00:19:36 kakobrekla: iirc the assbot knows its an option, is just not tellin.

00:20:25 inhies: what an ass..bot..

00:21:16 ThickAsThieves: assbot doesnt evenreport mpex option excercises

00:21:23 ThickAsThieves: would be cool

00:23:52 deadweasel: ^

01:45:17 benkay: oh man that girl

01:45:39 benkay: "the obvious approach would be to increase the available drama and distributed lulz"

01:47:11 ThickAsThieves: you know what bugs the shit out of me

01:47:31 benkay: do tell

01:47:32 ThickAsThieves: when i place an ask on BTCTC at the same price as someone else

01:47:37 ThickAsThieves: and they lower theirs

01:47:45 ThickAsThieves: idiots

01:48:13 benkay: well you are trading mining shares

01:49:16 benkay: you made that bed bud. time to sleep in it. with the morons.

01:49:22 ThickAsThieves: hehe

01:50:48 ThickAsThieves: that guy just paid a .01 idiot tax

01:54:23 benkay: who knows man who knows

01:54:34 benkay: the flipside of that is that you asked too much

01:55:11 ThickAsThieves: nah it's been happening all day

01:55:24 ThickAsThieves: like i'm in a bitcoin twilight zone

01:55:55 benkay: market seems to think your asks are high

01:56:11 ThickAsThieves: you are misunderstanding

01:56:12 benkay: and it can remain irrational for longer than you can remain solvent, to quote an old fart

01:56:21 ThickAsThieves: when you place an ask at the same price on BTCTC

01:56:28 ThickAsThieves: it respects the older ask first

01:56:33 ThickAsThieves: when someone buys it

01:56:44 ThickAsThieves: so when I place at same price

01:56:52 ThickAsThieves: and they lower theirs in response

01:56:55 ThickAsThieves: they are an idiot

01:56:58 benkay: beautiful

01:57:19 benkay: how are you planning to take all of their money to teach them a lesson?

01:57:34 ThickAsThieves: buy low, sell high

01:57:49 benkay: boooring

01:57:53 ThickAsThieves: its not a big deal to me

01:58:00 ThickAsThieves: financially

01:58:07 ThickAsThieves: its the pet peeve aspect

01:58:17 ThickAsThieves: of watching someone punch themselves in the face

01:58:30 Chaaang-Noi: [ASICM] 156 @ 0.0182 = 2.8392 BTC [+] wow is that a high?

01:58:41 ThickAsThieves: .0199 earlier :)

01:58:45 Chaaang-Noi: damn

02:00:10 Chaaang-Noi: i think i will sell some more at 2 btc each, but i think we will hit 2.5

02:00:14 Chaaang-Noi: and maybe more at this rate

02:00:43 ThickAsThieves: my feeling from sales this week

02:00:54 ThickAsThieves: is that 2.5 can't happen without another div like this

02:01:00 Chaaang-Noi: usb sticks are going to be crazy profitable

02:01:15 Chaaang-Noi: sell for $220 cost $8

02:01:20 ThickAsThieves: i anticipate friedcat's next post

02:01:23 ThickAsThieves: thats for sure

02:01:30 benkay: totally not a scam, right?

02:01:33 benkay: totally not a scam.

02:01:39 Chaaang-Noi: asic miner?

02:01:46 Chaaang-Noi: they have 20% of the network for sure

02:01:54 Chaaang-Noi: they are selling real asic mining hard ware for sure

02:02:10 Chaaang-Noi: will they reach 1,000 th this year? not sure

02:02:11 benkay: "real"

02:02:17 benkay: as in turns electricity into hashes

02:02:29 benkay: is it even remotely economical?

02:02:33 Chaaang-Noi: yes they do sell hardware that does that, they also mine themselves

02:02:42 Chaaang-Noi: asics are the best things out there

02:02:52 Chaaang-Noi: benkay how long have you been around btc land?

02:03:25 benkay: like maybe a week

02:03:27 jborkl: percent of the network and hw sales is all that matters

02:03:29 benkay: i have 2 bitcoins

02:03:33 jborkl: no th

02:03:37 jborkl: not

02:03:38 benkay: why won't you let me trade on mpex?

02:03:39 Chaaang-Noi: okay, how did you find this chan?

02:03:56 Chaaang-Noi: why would you want to trade on mpex?

02:04:15 benkay: to short the coins, duh

02:04:18 ThickAsThieves: benkay is trolling

02:04:26 Chaaang-Noi: i see

02:04:26 benkay: hey man

02:05:05 benkay: the question that i'm asking is whether the investment in the chips pays off. ever.

02:05:14 Chaaang-Noi: most of thje time the truly ignorant cant find this chan

02:05:25 benkay: i know!

02:05:29 benkay: how the fuck did i make it in here

02:05:30 ThickAsThieves: benkay your question is odd

02:05:35 ThickAsThieves: i dont understand

02:05:43 Chaaang-Noi: benkay they have paid out like 4005 of money invested, if you mean should you buy from them at 50 btc each? dont know

02:05:52 Chaaang-Noi: the usb sticks, you might make some money in 2 years....

02:05:55 benkay: that's what i'm talking about, c-n

02:06:01 ThickAsThieves: oh

02:06:03 jborkl: is making pennies economical?

02:06:04 benkay: hardware sales themselves as scam

02:06:05 Chaaang-Noi: 400%

02:06:12 ThickAsThieves: this is whats going on with the hardware

02:06:13 jborkl: fuck no

02:06:18 ThickAsThieves: i can explain it two ways

02:06:21 Chaaang-Noi: benkey sorry but im going to ignore you, i think you are trolling

02:06:34 benkay: nono my trolls are obvious

02:06:45 ThickAsThieves: 1. AM sells hardware at whatever price the market will bear. Stop trying to rationalize it further.

02:06:48 benkay: i have yet to see a tvom approach to mining hardware roi analysis

02:07:28 benkay: duh, they'd be horrible at their core business otherwise

02:07:30 ThickAsThieves: 2. AM is pricing hardware at the exact price to where it becomes questionable as to whether a buyer should buy it, thus AM is posing less of a risk to it's own mining op

02:08:01 benkay: it's a great biz-move

02:08:13 ThickAsThieves: but admittedly,

02:08:17 ThickAsThieves: like you said

02:08:20 ThickAsThieves: moron miners

02:08:24 ThickAsThieves: paying moron prices

02:08:37 benkay: for asicminer shares :D:D:D:D

02:08:54 ThickAsThieves: thats remains to be seen

02:09:05 Namworld: TAT, short version: "Most are ignorant of difficulty increase. Most see current generation. Most buy based on current generation."

02:09:05 ThickAsThieves: while they are certainly a risk at these prices

02:09:38 ThickAsThieves: Friedcat has demonstrated

02:09:46 ThickAsThieves: and he will continue to do so

02:09:51 ThickAsThieves: as long as he cares too

02:09:57 ThickAsThieves: or the world will let him

02:10:43 benkay: it's an interesting distraction for the rest of the world, i'm sure

02:10:46 ThickAsThieves: if SDICE had a shade of AM's business sense, they'd be banking just as much

02:10:56 benkay: what should SD do differently?

02:11:01 ThickAsThieves: try

02:11:17 ThickAsThieves: simple as that

02:11:23 benkay: i was rooting for that german to take over the bitcoin gem

02:11:38 benkay: just a little a/b would go a long way in the buttcorn gambling space imho

02:11:59 ThickAsThieves: sdice left millions on the table

02:12:14 ThickAsThieves: sure he banked for himself

02:12:19 benkay: how so?

02:12:26 ThickAsThieves: seriously?

02:12:31 benkay: before my time

02:12:36 ThickAsThieves: well

02:12:38 benkay: also i r idiots, come on

02:12:55 ThickAsThieves: it was a massively popular bitcoin business

02:13:05 ThickAsThieves: and place to gamble

02:13:20 ThickAsThieves: they have a Games button on blockchain.info

02:13:33 ThickAsThieves: they have(had) tons of fans

02:13:46 ThickAsThieves: but they just let it all be

02:13:49 ThickAsThieves: no growth

02:13:56 ThickAsThieves: no marketing worth mentioning

02:13:59 ThickAsThieves: no new features

02:14:02 ThickAsThieves: no new games

02:14:06 benkay: yup

02:14:07 ThickAsThieves: no new partnerships

02:14:10 ThickAsThieves: nothing

02:14:17 benkay: just waiting for the next competitor to come along and break their knees

02:14:20 ThickAsThieves: its insulting to investors

02:14:33 ThickAsThieves: and why i sold 130,000 shares

02:14:37 benkay: it's kind of what you get for investing in accidental successes.

02:15:02 benkay: such are rarely piloted by humans capable of building companies that continue to grow

02:15:22 benkay: and i get the sense SD was built by someone who wanted to build a buttcorn generating machine

02:15:37 benkay: and didn't actually care about, you know, building, establishing and growing a real company.

02:15:58 benkay: but i r idiots as we all know

02:16:28 ThickAsThieves: well as you can see, i agree

02:16:36 ThickAsThieves: he and mp banked on the ipo

02:16:41 ThickAsThieves: banked on the 3 tranches

02:16:44 ThickAsThieves: and peaced out

02:16:50 benkay: a well executed hustle

02:17:03 Chaaang-Noi: http://powersports.honda.com/assets/flash/model/gallery/CBR250R_2013_01.jpg i bought the white one yesterday :)

02:17:31 ThickAsThieves: i like the orange better

02:17:41 ThickAsThieves: but i also like my life too much to ride one of those

02:17:47 Chaaang-Noi: they only had the white one in the store, it was that or wait

02:18:10 Chaaang-Noi: also honestly iv never seen the orange on for sale in thailand and dont think they do

02:18:21 Chaaang-Noi: wife says i cant drive the racing bike drunk :(

02:18:26 ThickAsThieves: you bette rnot

02:18:32 benkay: an hero

02:18:34 Namworld: I'd have wanted the black. I love black stuff

02:18:56 Namworld: >.>

02:19:29 Chaaang-Noi: wife wanted the red one, son wanted black, but i really did not care and they had a white one

02:19:34 Chaaang-Noi: had to wait at least a month for the others

02:20:48 benkay: 3rd world problems?

02:21:39 Chaaang-Noi: :)

02:21:59 Chaaang-Noi: thailand (unless you are a farmer) is not 3rd world

02:22:14 benkay: your stores are out of motorcycles

02:22:17 benkay: i beg to disagree

02:22:33 Chaaang-Noi: just that style

02:22:53 benkay: hey you guise

02:22:57 benkay: i got moar things

02:23:05 Chaaang-Noi: they are honestly reasonable prices, that bike was only 4,000$

02:23:15 benkay: let's talk about how much i spent on them

02:23:18 Chaaang-Noi: the ducati i wanted was $30,000

02:23:24 benkay: those are nice bikes

02:23:35 jborkl: still only half a week of your AM div

02:23:52 Bugpowda: Back from the startup mixer

02:24:01 Chaaang-Noi: im only going to be here likle 2 months so seemed silly to buy one, esp since it would take a month to get it here

02:24:14 Bugpowda: Met with a coinlab rep

02:24:20 Chaaang-Noi: how did that go?

02:24:26 Bugpowda: The main coinlab team pulled out

02:24:37 Bugpowda: but one girl showed up to rep them

02:24:39 Bugpowda: check it

02:24:48 benkay: piiiics

02:24:58 jborkl: i already had my motorcycle .2 wrecks and 3 friends in wrecks . no more

02:25:01 ThickAsThieves: cool

02:25:09 Bugpowda: https://twitter.com/AndrewHires/status/334830572771885056/photo/1

02:25:41 Bugpowda: She pitched me on their strategy

02:25:41 Namworld: I wish I could go back in time. Put everything in AM.

02:25:43 ThickAsThieves: Bug, you look very happy with yourself

02:25:46 ThickAsThieves: hehe

02:25:59 Bugpowda: They are super focused

02:26:03 Bugpowda: on three projects

02:26:06 Bugpowda: the HPC

02:26:07 Namworld: I'd have gotten like 40k USD for last weeks' dividend...

02:26:10 Bugpowda: The exchange

02:26:16 Chaaang-Noi: i need to get a pr girl like that...

02:26:25 Bugpowda: and I forget the 3rd one

02:26:44 Chaaang-Noi: namworld should not have sold all at .4 :(

02:26:45 ThickAsThieves: so do you think they'll actually end up doing something worth doing?

02:26:46 Bugpowda: I gave her a hard time about the 'exchange'....

02:27:05 Namworld: Yeah, well what I sold wasn't that much...

02:27:12 Bugpowda: Then she said their real target is high net worth individuals

02:27:15 Bugpowda: moving that money around

02:27:24 ThickAsThieves: cool

02:27:28 Chaaang-Noi: that is more or less on their website

02:27:32 ThickAsThieves: that helps everyone

02:27:38 ThickAsThieves: getting big money in

02:27:41 Bugpowda: So I told her that I wanted to pull out 5000 BTC into cash, how can I do that with them

02:27:59 Bugpowda: I am worried about MtGox blah blah blah

02:28:05 benkay: good man

02:28:06 Chaaang-Noi: bug dsont use them, they will make you pay takes and what not

02:28:15 Chaaang-Noi: taxes *

02:28:17 Bugpowda: Chaaang-Noi: gotta pay taxes anyway

02:28:49 Bugpowda: She said there is one person that handles all the High Net clients personallly, holds their hand thru the process.

02:28:51 Chaaang-Noi: yes and no, i have just been selling my coins at $3.20 each... ($1 silver eagle coins)

02:29:15 Chaaang-Noi: love how silver coins have a fiat face value of $1 :)

02:29:23 Bugpowda: Then I pressed on it... I AM actually interested

02:29:32 benkay: mhm

02:29:38 benkay: keep talking like this i like it

02:29:40 Bugpowda: She says they aren't going to move any money until they settle the lawsuit

02:29:49 benkay: :sad trombone:

02:29:56 Chaaang-Noi: bug, that could take ages :(

02:29:58 Bugpowda: Everything is actually on hold till they settle

02:29:59 Bugpowda: Nah

02:30:05 Bugpowda: I think the will settle it quick

02:30:09 Bugpowda: just as I suspected

02:30:17 ThickAsThieves: could be longer with this DHS shit now no?

02:30:18 Bugpowda: It's their alternative to a down round of funding

02:30:24 Chaaang-Noi: quick and gox dont really go together

02:30:27 Bugpowda: ThickAsThieves: Hmm.... maybe

02:30:39 benkay: i have a hunch that the DHS is a function of good lawyering on some SV companies' behalf

02:30:40 Bugpowda: Chaaang-Noi: It all depends on the cost

02:30:48 Bugpowda: benkay: totally

02:30:59 Chaaang-Noi: gox is too stupid to do what is best for it and its customers

02:31:07 Bugpowda: there are a TON of hush mode startups in bitcoin right now

02:31:08 benkay: people who claim the us isn't like other relationship-based countries just don't get it

02:31:13 Chaaang-Noi: im pretty sure gox will fuck this up some how

02:31:31 ThickAsThieves: I had a VC contact me today

02:31:41 Chaaang-Noi: why?

02:31:46 ThickAsThieves: a manager at Zynga

02:31:57 ThickAsThieves: wanted me to hook him up with Friedcat

02:32:06 benkay: wait are they a manager at a shit facebook company or a venture capitalist?

02:32:12 ThickAsThieves: both

02:32:16 jborkl: zynga is a mile from me

02:32:24 ThickAsThieves: i dont know if he was representing Zynga though

02:32:24 Chaaang-Noi: oh yeah, people have been contacting me as well to get to friedcat,

02:32:42 Chaaang-Noi: people have been trying to make deals off the table with me for friedcat, i just lol at them

02:32:50 ThickAsThieves: yeah

02:33:05 ThickAsThieves: he told me i would be (lemme look it up)

02:33:12 Chaaang-Noi: im like lol talk to him directly but he will jsut ignore you

02:33:39 ThickAsThieves: thats what i said

02:33:42 ThickAsThieves: and he said

02:33:45 ThickAsThieves: "thank you for getting back to me so fast. i'm looking for someone to broker an introduction and start us off on the right foot, that i could then generously thank in return."

02:33:55 ThickAsThieves: it was this guy

02:33:55 ThickAsThieves: http://www.linkedin.com/in/andrewartz

02:34:03 ThickAsThieves: he's probly reading us now

02:34:06 ThickAsThieves: and all mad at me

02:34:10 Chaaang-Noi: yeah these guys are willing to pay just to get friedcat to respond

02:34:30 Chaaang-Noi: one russian guy was the craziest, he thought he could buy at like 10% of going market rate

02:35:15 ThickAsThieves: it was interesting and unexpected nonetheless

02:35:39 Chaaang-Noi: who here has paypal? is it easy to set up? do i need my bank info?

02:36:26 ThickAsThieves: set mine up ages ago

02:36:28 ThickAsThieves: dunno

02:38:13 Chaaang-Noi: it seems to be an option for selling btc

02:38:36 Chaaang-Noi: ironiccly i started using btc cuz i hated paypal and banks, now i use them more than evar :(

02:39:17 ThickAsThieves: but cant tx be reversed?

02:39:33 Chaaang-Noi: http://www.apmex.com/Product/72462/2013_Silver_Eagle_500_Coin_Monster_Box_SF_Mint_Sealed.aspx anyone want to sell me one of these? 130 btc for $500!

02:41:31 Bugpowda: tx can be reversed for 1-3 months

02:42:04 Chaaang-Noi: i was going to use someone i trusted

02:42:27 Chaaang-Noi: and in small amounts, and just for some stuff to buy off of ebay

02:42:32 Bugpowda: Only $4.49 per coin over spot!

02:42:34 Bugpowda: jesus

02:42:38 Bugpowda: what a fucking ripoff

02:42:39 Namworld: Paypal's a bitch, but that bitch can go anywhere. And claw back visciously your money when you ask her.

02:42:45 Chaaang-Noi: bug, it was $8

02:43:01 Bugpowda: $14000

02:43:08 Chaaang-Noi: and also bug, you can sell them back for over spot

02:43:26 Chaaang-Noi: silver bars are cool, but its not legal tendar :(

02:43:34 Bugpowda: people are so desperate for silver coins that they will pay 20% over price?

02:43:39 Bugpowda: so stupid

02:43:54 Bugpowda: they only market is the deranged

02:43:59 Chaaang-Noi: bug they sell rounds for $1 over spot

02:44:02 Bugpowda: metals are collapsing

02:44:04 Chaaang-Noi: ill link you hold on

02:44:09 Bugpowda: I don't need a link

02:44:11 Bugpowda: I'm not buying

02:44:14 Chaaang-Noi: okay

02:44:29 Chaaang-Noi: yeah metals are going down, but i want to buy as they go down, i think long term silver is solid

02:44:56 Chaaang-Noi: im getting into silver cuz 100% in crypto is not really smart since i have to support a family

02:45:05 kakobrekla: and whores

02:45:17 Chaaang-Noi: only their coke habbits

02:46:02 Chaaang-Noi: im getting to damn old, have a bit of a hang over from last night and i did not drink that much :/

02:46:12 Chaaang-Noi: to be 18 again...

02:46:22 mircea_popescu: silver is abundant. people have been trying to sell it as worthwhile and "an investment" or "money" since the great debates in the us in the 1800s

02:46:30 mircea_popescu: but on the face of it silver is a sort of tin.

02:46:48 Chaaang-Noi: people ahve been trying to sell silver as money since 60000 years ago....

02:46:59 Chaaang-Noi: fuck 6000

02:47:30 Chaaang-Noi: silver and gold is the oldest form of money we still use

02:48:01 Chaaang-Noi: i hold silver in the usa and gold here in thailand as a shtf backup and not a large percent of my assets just 5 to 10%

02:48:24 asciilifeform: a long shot, but does anyone here know what floating point representation btc-e uses?

02:48:26 Chaaang-Noi: i think every person should ahve some physical silver and gold just incase

02:48:58 ThickAsThieves: in case we need to melt it down for a spear and arrows?

02:49:03 Chaaang-Noi: dont know, sorry $litecoin might have a better shot of knowing

02:49:05 ThickAsThieves: pew pew

02:49:07 Chaaang-Noi: #litecoin

02:49:40 Chaaang-Noi: if you are trapped in a nationstate that prints their money to worthlessness you will need silver and gold

02:50:02 Chaaang-Noi: it happens...

02:50:29 Chaaang-Noi: its something you hope you never have to use, but if you do need it, you will be glad as fuck you have it

02:51:48 Chaaang-Noi: you guys going to celibrate pizza day? may 22nd?

02:51:53 mircea_popescu: silver never was money.

02:52:05 mircea_popescu: gold is money. silver is this thing that poor people keep tryiong to pass as money

02:52:05 Chaaang-Noi: i have a roman coin that sure looks like money

02:52:16 mircea_popescu: ya well, romans ran scams too.

02:52:35 Chaaang-Noi: gold is money silver is a scam is like saying btc is money and ltc is a scam :)

02:53:09 mircea_popescu: look. there's more than 100x as much silver available as gold. for every 6 dollars or so that silver goes up in price the production capacity doubles

02:53:18 mircea_popescu: it's just not scarce. what else is there ?

02:53:44 mircea_popescu: it goes from 5 to 50 and back and again with the folly of the crowds, over the decades and centuries.

02:53:45 Chaaang-Noi: not above ground, its about equal, and under ground its about 1/16 ratio

02:53:51 Chaaang-Noi: where did you get this 100x?

02:54:22 Chaaang-Noi: i bought most my silver at $7 and yeah i think its high

02:54:35 Chaaang-Noi: i sold much of it at $35 years ago and bought btc

02:54:45 Chaaang-Noi: just buying some back in, more than i ever had really

02:54:59 ThickAsThieves: buying metals never made sense to me

02:55:01 Chaaang-Noi: silver is not perfect but its smart to have 5 to 10 % of wealth in gold silver

02:55:06 mircea_popescu: listen. in 2011 alone, mexico alone produced ~4500 tonnes of the stuff.

02:55:13 mircea_popescu: the world like 20k tonnes. in one year.

02:55:18 ThickAsThieves: other than when we hit recession and a bajillion We Buy Gold stores popped up

02:55:20 mircea_popescu: this is like... all the gold that exists.

02:55:31 ThickAsThieves: and i wished i had ridden that wave

02:55:38 asciilifeform: Chaaang-Noi: the real question of our time is: how much lead one should hold.

02:55:41 Chaaang-Noi: we use silver in industry, we just store gold...

02:55:47 mircea_popescu: industry my foot.

02:55:54 mircea_popescu: what, jewelry for poor but ambitious indian girls ?

02:56:00 Chaaang-Noi: holding lead would work as well, however you get into storage issues

02:56:01 mircea_popescu: that's not industry.

02:56:01 ThickAsThieves: werewolves man

02:56:08 ThickAsThieves: dont you watch True Blood?

02:56:17 Chaaang-Noi: lol

02:56:24 mircea_popescu: ThickAsThieves what amuses me the most is this "silver is valuable cause it can work as currency" nonsense.

02:56:36 mircea_popescu: tell you wahjt, if i'm the boss of a tribe and i need a curtrency ima make teeth the currenyc.

02:56:48 Chaaang-Noi: you guys, i think you are pretty ignorant about this and are not trolling, but if you are trolling you are doing a fine job :)

02:56:50 mircea_popescu: you don't get proper ones till about 12 or so, and the owner always objects to having teeth pulled.

02:56:56 mircea_popescu: so there you go, teeth are the coin. problem solved.

02:57:01 mircea_popescu: has this increased the value of teeth any ?

02:57:16 ThickAsThieves: on that sense i dont think gold is a currency either

02:57:31 mircea_popescu: well, much like adult teeth, gold is finite.

02:57:47 Chaaang-Noi: things are worth what people pay for them...

02:57:47 mircea_popescu: silver is pretty much like seasalt, can make as much of the stuff as you can possibly ever want.

02:57:57 mircea_popescu: Chaaang-Noi no, not at all.

02:58:08 asciilifeform: by this logic, teeth are nothing compared to fresh, still-beating hearts.

02:58:09 Chaaang-Noi: gold bugs cant un derstand crypto, but honestly i thought crypto people would understand gold...

02:58:17 ThickAsThieves: but there are limited siamese twins too

02:58:21 ThickAsThieves: no one cares much

02:58:22 asciilifeform: meatcoin.

02:58:24 mircea_popescu: for that matter, 19th century england was trying to create demand for silver by making 50lb silverware sets a sort of middle class standard

02:58:30 mircea_popescu: that went nowehre, so...

02:58:44 mircea_popescu: asciilifeform hearts don't keep fresh.

02:58:48 mircea_popescu: teeth do.

02:59:06 asciilifeform: why not thighbones, then

02:59:10 mircea_popescu: would work yes

02:59:13 ThickAsThieves: lol

02:59:17 mircea_popescu: you don't have to kill someone to take his teeth tho

02:59:18 asciilifeform: skulls, etc

02:59:21 ThickAsThieves: our quest for a better currency

02:59:23 Chaaang-Noi: i find your guys reaction to gold and silver as a store of value very funny :)

02:59:25 ThickAsThieves: it never ends

02:59:27 mircea_popescu: and they're smaller, easier to carry and 32 of them

02:59:36 mircea_popescu: i tell you. teeth.

02:59:47 Chaaang-Noi: cbtc, oh yeah thats money, gold? lol!

02:59:50 ThickAsThieves: how about moon rocks?

03:00:09 mircea_popescu: the theory is that "civilisation collapsed" and so now silver rounds are finally good for something

03:00:18 mircea_popescu: (presumably other than being stolen from you)

03:00:39 ThickAsThieves: the theory of apocalyptic collapse is absurd imo

03:00:41 asciilifeform: hearts should please the demurrage weirdos

03:00:49 asciilifeform: use it or lose it

03:00:51 ThickAsThieves: if shit hits the fan

03:00:55 ThickAsThieves: no one wants your fucking gold

03:01:11 mircea_popescu: ThickAsThieves for some reason that concept is hard to grasp.

03:01:21 mircea_popescu: that reason may be historical recourse.

03:01:39 ThickAsThieves: they want food, weapons and women

03:02:04 ThickAsThieves: havent you seen Waterworld? geeez...

03:02:12 ThickAsThieves: :)

03:02:44 ThickAsThieves: how about this

03:02:49 ThickAsThieves: if you wanna cover your ass

03:02:54 ThickAsThieves: buy a golden gun

03:03:00 mircea_popescu: lol

03:03:00 ThickAsThieves: then your covered either way

03:03:11 ThickAsThieves: with silver bullets

03:03:12 benkay: 'cept the dang thing's useless

03:03:22 ThickAsThieves: just in case werewolves are the cause

03:03:25 mircea_popescu: ThickAsThieves http://www.google.com/search?q=golden+desert+eagle

03:03:36 ThickAsThieves: perfect!

03:03:36 benkay: plating

03:03:37 benkay: boring

03:03:47 mircea_popescu: never underestimate the power of bling

03:03:54 mircea_popescu: gold plated steel firing silver bullets.

03:04:07 ThickAsThieves: instant payment system

03:04:11 mircea_popescu: i suppose i gotta go snort powdered bohemia crystal nao

03:04:32 benkay: ?

03:05:07 benkay: what brand of recreationals would *that* be?

03:06:24 mircea_popescu: benkay superluxurious stuff : overpriced and no effect whatsoever.

03:06:27 asciilifeform: http://liveghana.tv/trending/man-with-the-golden-gun-gold-plated-ak-47-confiscated-during-arrest-of-mexican-cartel-leader-and-hes-got-gold-bullets-too.html

03:06:29 mircea_popescu: it's what the wiggaz use.

03:07:38 benkay: some day i'll have use for bling

03:07:48 benkay: i try to get by on delivering value right now

03:08:04 ThickAsThieves: you deliver papa johns?

03:08:16 benkay: that's not value

03:08:20 benkay: that's diabetes

03:08:39 asciilifeform: ok as far as I can tell both mtgox and btce are salami slicing in the 5th decimal point and down.

03:08:47 asciilifeform: is this news? and does anyone give a shit?

03:09:02 benkay: salami slicing?

03:09:10 ThickAsThieves: that means they keep it?

03:09:12 asciilifeform: yes

03:09:20 ThickAsThieves: nice

03:09:29 asciilifeform: randomly, too

03:09:32 benkay: nice

03:09:44 benkay: yo dude i herd u can't in2 floating point

03:09:50 benkay: let me tell u bout these newfangled integers

03:10:01 mircea_popescu: for fucks sake

03:10:04 mircea_popescu: they're on floats aren't they ?

03:10:19 benkay: it's big boy math mp

03:10:24 benkay: Computer Science

03:10:26 asciilifeform: nominally, yes

03:11:01 kakobrekla: asciilifeform bitstamp does that from 2nd decimal point

03:11:27 asciilifeform: kakobrekla: non-deterministically?

03:11:35 asciilifeform: I wasn't talking about straight-out truncation or rounding

03:12:29 kakobrekla: dunno what you have in mind but min fee there is 0.01 usd even if btc value for which the fee is for is less than that

03:12:51 benkay: where would the fun in deterministic satoshi handling be?

03:13:08 benkay: heaven forfend any of us actually try to balance our books ever

03:13:09 asciilifeform: kakobrekla: I do know this. what I was talking about is the stated multiplications being very slightly off, in their favor.

03:13:20 kakobrekla: ah

03:14:16 kakobrekla: the infrasturcutre is laughable

03:14:29 kakobrekla: this is old story now

03:14:47 benkay: will we need to wait for a whole new generation?

03:14:53 benkay: or has first-to-market advantage ruined this space?

03:14:54 asciilifeform: if this is a bug, it is a very clever bug.

03:14:57 Chaaaang-Noi: * Chaaang-Noi has quit (Ping timeout: 245 seconds) (odd)

03:15:04 benkay: er

03:15:07 benkay: same question.

03:15:47 kakobrekla: asciilifeform "never assume malice when incompetence will do" is what they say about bitbet... i think it applies here better

03:16:45 asciilifeform: kakobrekla: I've been trying to reproduce the exact incompetence, for my simulated trader, with no success so far. tried every FP representation I could think of.

03:17:12 kakobrekla: lol

03:17:15 kakobrekla: you fail at failing

03:17:28 Chaaaang-Noi: :)

03:18:49 mircea_popescu: http://polimedia.us/fraudsters/2013/teeth/

03:18:55 mircea_popescu: there you go all, you're famous again

03:19:19 kakobrekla: hey my whores comment is missing

03:19:20 kakobrekla: wtf

03:19:45 mircea_popescu: i got you on ignore that's why :D

03:20:32 mircea_popescu: unrelated : "Please read the attached business proposal and get back to me at your earliest convenience with your thoughts and reaction. Email me on: farouk.kazeem@syriaweb.net"

03:20:45 mircea_popescu: originally i thought it must be some bitcoin dood.

03:22:20 benkay: but instead...

03:23:01 kakobrekla: its regular money dood.

03:23:29 mircea_popescu: he probably wants silver.

03:24:04 benkay: ah he wants to be put in touch with the supernodes then

03:24:11 mircea_popescu: totally.

03:24:20 Chaaaang-Noi: Silver: 0.000007%, or 7 parts per million (%)

03:24:20 Chaaaang-Noi: Gold: < 0.000005%, or <5 parts per million (%)

03:24:31 mircea_popescu: anyway, tomorrow i'm inspecting a new girl so i need my sleep. take it easy all.

03:24:48 Chaaaang-Noi: seems they are mining silver and gold at an 8 to one ratio as well

03:24:58 Chaaaang-Noi: im sure you pulled that 100x number out of your ass

03:25:14 benkay: you care too much, c-n

03:25:18 Chaaaang-Noi: lol, have a good night

03:26:23 mircea_popescu: Chaaaang-Noi :

03:26:34 mircea_popescu: CPM Group (2011). The CPM Silver Yearbook 2011 : total silver production in world history, 750mn ounces.

03:26:54 mircea_popescu: total gold production, 171,300 tonnes (gmfs)

03:27:46 mircea_popescu: (about 8 times as much)

03:27:56 ThickAsThieves: [23:18] <mircea_popescu> http://polimedia.us/fraudsters/2013/teeth/ <<< glad you got my "instant payment system" line in there, i think it went over everyone's head... or just wasnt funny

03:28:04 Chaaaang-Noi: 8 is not really close to 100 :/

03:28:14 mircea_popescu: Chaaaang-Noi except the silver production is for 2010

03:28:19 mircea_popescu: and the gold production is since 5000 bc.

03:28:42 Chaaaang-Noi: yeah they were mining tons and tons of shit 5000 years ago!

03:28:54 mircea_popescu: yes, actually.

03:29:02 Chaaaang-Noi: the current mining rate is about 8 to 1

03:29:06 mircea_popescu: anyway, take care all!

03:29:17 Chaaaang-Noi: you are very wrong on this issue, but good night

03:50:50 ThickAsThieves: after all this hoopla:

03:50:53 ThickAsThieves: ;;ticker

03:51:00 ThickAsThieves: we are where we atarted

03:51:03 ThickAsThieves: started*

04:01:47 ripplebandit_com: any theories on why volume on mpex options is so low?

04:10:03 Chaaaang-Noi: stability?

04:10:30 Chaaaang-Noi: who needs options if they expect the price to be level

04:10:59 Chaaaang-Noi: dice is still over ipo, wow

04:12:22 kakobrekla: ripplebandit_com volatility makes them expencive or smth

04:13:02 ripplebandit_com: you had me 'till smth

04:26:09 Ukto: anyone seen burnside?

04:26:21 Ukto: "Please try again in a few minutes" while trying to use btct :/

04:33:04 ThickAsThieves: it works for me

04:34:19 Namworld: It works for me too, but damn is it slow...

04:35:34 Ukto: it seems if i try to changes pages too fast

04:35:43 Ukto: i get locked out for a few minutes

04:35:49 ThickAsThieves: been like that all day

04:36:00 ThickAsThieves: I blame me

04:36:06 Ukto: i blame you too

04:36:12 ThickAsThieves: to many TAT.ASIC txs

04:36:18 ThickAsThieves: too*

04:36:26 Ukto: wish burnsy was around. if he needs help with something i wouldnt mind

04:36:33 ThickAsThieves: lol

04:36:49 ThickAsThieves: maybe he can give you his schema

04:36:49 Ukto: someone tried to hit bf last week or so. was talking to mp about it

04:36:51 ThickAsThieves: ;)

04:36:59 Ukto: however their chi wasnt good enough hehe

04:37:06 ThickAsThieves: burnsy says it's ddos

04:37:08 Ukto: lol

04:37:11 ThickAsThieves: but it doesnt feel like it

04:37:18 Ukto: eh?

04:37:25 Ukto: the page load limitation kinda does

04:37:44 Ukto: or he has a vps that cant handle the load

04:37:57 ThickAsThieves: it only seems to stall when accessing things that involve btc balance

04:38:09 ThickAsThieves: like making an order

04:38:13 Ukto: did he update with teh new bitcoin fix?

04:38:14 ThickAsThieves: mostly

04:38:20 ThickAsThieves: dunno

04:38:42 Ukto: now sure how well he tied the site into bitcoind. hopefully not relying on it to track account balances x.x

04:38:56 Ukto: anywho, afk lunch

04:39:04 benkay: ur hur hur

04:39:25 benkay: isolate that pos from any business logic holy fuck

04:39:30 ThickAsThieves: are you gonna eat Burnsy's lunch?

04:40:30 Ukto: benkay: agreed

04:40:44 Ukto: ThickAsThieves: lol

04:40:48 Ukto: nah, prolly gonna get some ramen.

04:40:55 Ukto: anwywho, afk

04:49:58 Namworld: Would like to borrow ~100 BTC. Anyone could fill that?

05:12:26 ThickAsThieves: sdice selloff

05:14:25 ThickAsThieves: LOLOLOLOLOLOL

05:14:26 ThickAsThieves: https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

05:15:12 Namworld: dang...

05:15:37 Namworld: SD shouldn't be in Ireland

05:15:43 ThickAsThieves: wait

05:15:48 ThickAsThieves: how do you block USA

05:15:50 ThickAsThieves: from playing

05:15:51 ThickAsThieves: ?

05:16:16 Namworld: SD should be in another jurisdiction

05:18:21 ThickAsThieves: SDICE already wasnt making money for months

05:18:21 ThickAsThieves: any amount of stifling US traffic will hurt a lot

05:18:36 Namworld: Well the bids volume was so low. And SDICE profits so down...

05:18:41 Namworld: Now that's gonna hurt

05:19:40 ThickAsThieves: and so much for having on-site accounts

05:20:23 dub: ahaha

05:20:28 dub: where is tiberiusv

05:20:36 dub: he'll be over the moon

05:21:27 ThickAsThieves: banned right?

05:21:28 ThickAsThieves: hehe

05:21:44 dub: also lulzy that erik is now afraid to post under his account

05:23:45 ThickAsThieves: this is the 2nd time i sold off an asset just before it died

05:23:53 ThickAsThieves: 7 lives left

05:23:58 ThickAsThieves: (i hope)

05:24:16 Namworld: Lucky you

05:24:44 Namworld: [00:11] <@assbot> [BTCTC] [S.DICE-PT] 5501 @ 0.00358 = 19.6936 BTC [+]

05:24:56 Namworld: That was the last I had for my PT to sell

05:25:01 Namworld: Sold like an hour ago

05:25:26 ThickAsThieves: This could be a good way to crash the price

05:25:34 ThickAsThieves: so SDICE can buy back shares

05:25:38 ThickAsThieves: to sell out to a casino

05:25:40 ThickAsThieves: or such

05:26:03 Namworld: If they do

05:26:18 Namworld: Erik will just distribute to all holders the proceed, based on share ownership

05:26:27 ThickAsThieves: thats what i mean

05:26:28 Namworld: He doesn't need to rebuy

05:26:37 ThickAsThieves: if sdice does shitty

05:26:37 dub: I don't have my keys handy so stuck with the few deuce I held on to

05:26:42 Namworld: Well I guess if he had a REALLY good offer...

05:26:43 ThickAsThieves: people will sell it off

05:26:59 ThickAsThieves: and then if sdice also get s 'bad news'

05:27:10 ThickAsThieves: people might sell it right back into erik's hands

05:27:42 dub: I think past ehaviour shows he'll do whatever is best for his wallet

05:29:26 Namworld: BTCTC is so slow and buggy...

05:29:37 Namworld: where the heck is burnside

05:30:17 Namworld: He hasn't been around since forever

05:30:59 ThickAsThieves: he never hangs in here much

05:31:04 ThickAsThieves: pm him on forums

05:31:08 Namworld: Everything is crumbling lately.

05:31:13 Namworld: Yeah, I know

05:31:26 Namworld: But usually I at least see him 2 or 3 times a week hanging in here

05:35:34 Namworld: With the latest dividend, would take 27 months to get the share's price in dividend, if price was 0.001

05:35:44 ThickAsThieves: hehe

05:35:58 Namworld: Even more at over 0.002

05:36:03 Namworld: Now this hits...

05:36:39 dub: in other news AM at 1..21 jiggasatoshis

05:37:13 Namworld: lol... there's only love for AM lately

05:38:24 ThickAsThieves: but look at all the sdice liquidity

05:38:40 Namworld: Liquidity? What liquidity?

05:38:44 ThickAsThieves: hehe

05:38:55 Namworld: No bids since ever, and people won't sell at a loss.

05:39:04 Namworld: Was stagnant...

05:39:18 Namworld: Not that much of an issue if SD can keep the dividends incoming for everyone

06:48:41 jurov: so after all the blockchain size holy wars 0 outputs are still legal? http://blockchain.info/tx/e7edc6284e79ad97112aa2f3c601a188ede0558600e210bbdb5c385404cdc36c

06:49:16 inhies: legal, yes

06:49:18 inhies: just discouraged

06:52:51 Namworld: What's that shit... spamdust

06:54:50 jurov: prolly some faucet or *dice/*clubs

07:03:08 Namworld: bah...

07:16:15 sturles: I've upgraded my clients to latest git. Not forwarding or mining silly dust spam any more.

07:27:42 bjc: satoshi dice down

07:42:05 Chaaaang-Noi: anyone happen to know where a list of all asicminer dividends can be found?

07:44:07 Chaaaang-Noi: http://www.asicminer.co/figures.html nvm but if anyone else needs it

07:44:51 Chaaaang-Noi: oh not updated :/

08:02:04 davout: hi all

08:03:26 Chaaaang-Noi: hi

08:04:37 Chaaaang-Noi: silver be free fallin

08:07:00 davout: Chaaaang-Noi: so, what's the bike you got?

08:07:28 Chaaaang-Noi: its just a honda 250r, ill link you to a photo

08:07:53 Chaaaang-Noi: http://powersports.honda.com/assets/flash/model/gallery/CBR250R_2013_01.jpg

08:07:55 Chaaaang-Noi: the white one

08:08:28 Chaaaang-Noi: an entry level racing bike

08:08:30 davout: 250cc

08:08:34 Chaaaang-Noi: yeah

08:08:41 davout: get the 600cc version

08:08:44 davout: it's hot

08:08:48 Chaaaang-Noi: see how i like it, i have a "chopper" and its very different

08:08:55 davout: no shit :)

08:08:59 Chaaaang-Noi: i want the ducati

08:09:15 davout: ducatis are extremely hot

08:09:19 Chaaaang-Noi: its $30,000 usd here, the one i want, so im going to see if i like this 250 cc one first

08:09:45 Chaaaang-Noi: thing is, i cant really use it for what it was made for here, people drive way to crazy

08:10:39 davout: go on a race track?

08:11:04 Chaaaang-Noi: the air port is about the closet thing around here

08:11:24 davout: lol

08:11:33 Chaaaang-Noi: i might get them to let me use that in between flights, not sure

08:12:01 davout: genius!

08:12:05 davout: x)

08:12:10 Chaaaang-Noi: im not sucicidal enough to take it in the mouintians, i see some people do that shit

08:12:20 Chaaaang-Noi: i used to work at the airport

08:12:21 davout: yeah, don't do that

08:12:39 Chaaaang-Noi: we have a flight about once an hour

08:13:36 Chaaaang-Noi: and two run ways

08:14:15 Chaaaang-Noi: but anyway its pretty fun, the chopper is slow to respond, the new one is not at all :)

08:14:21 Chaaaang-Noi: just going to have to avoid killing my self

08:15:03 Chaaaang-Noi: http://www.honda.com.vn/vn/tin-tuc/tin-xe-may/honda-viet-nam-gioi-thieu-bo-suu-tap-sac-mau-moi-mua-he-cho-honda-click/

08:15:09 Chaaaang-Noi: my wife got the pink one

08:15:22 Chaaaang-Noi: she wont be able to keep up

08:19:26 davout: haha no she won't

08:20:35 Chaaaang-Noi: i mostly want the bike to just show off anyway, nice to drive them up to the bars. sadly racing bike plus beer = fail

08:34:40 davout: Chaaaang-Noi: racing bike + beer = massive fail, especially when you don't feel drunk

08:35:13 Chaaaang-Noi: yeah :/

08:35:24 Chaaaang-Noi: anyone want to buy 100 to 200 shares of AM otc?

08:35:38 Chaaaang-Noi: need more hookers and coke money

09:10:38 Chaaaang-Noi: s.dice at .0021 lol

09:10:47 Namworld: yeah

09:11:01 Chaaaang-Noi: if it goes down 50% more i might buy some

09:11:02 Namworld: Well I guess with the current profit so far for the month slightly in the red

09:11:17 Namworld: and ban on US customers

09:11:28 Namworld: It ough to drop like that

09:11:39 Chaaaang-Noi: i could see s.dice beinga huge target

09:11:49 Chaaaang-Noi: less so gox

09:15:30 BitHub: what price for the am shares chaaaang?

09:28:45 Chaaaang-Noi: bithub looking for 1.7 or over :)

09:29:09 Chaaaang-Noi: looking for market pt price

09:29:27 Chaaaang-Noi: i can always just move them over to the exchanges, but if anyone wants direct shares...

09:30:15 BitHub: ahh fair enough

09:30:50 BitHub: i think direct shares are worth a bit more?

09:33:03 Chaaaang-Noi: no idea

09:33:07 Chaaaang-Noi: are you intersted

09:33:18 Chaaaang-Noi: ?

09:41:57 BitHub: hehe not at that price sorry, waiting for it to dip back :)

09:43:28 Chaaaang-Noi: :)

09:43:42 Chaaaang-Noi: i might just wait until we hit 2btc

09:46:12 BitHub: yeah, i'll probably going to sellsome off at 2btc as well, hard to tell if this is a bubble or all good

09:46:17 BitHub: should get to 2btc no prob tho

09:49:07 Chaaaang-Noi: s.dice at .1749 hahaha

09:49:34 BitHub: nice, what's a good buying in price for that chaaang?

09:49:45 Chaaaang-Noi: that is like 50% of ipo

09:50:04 BitHub: nice, further room to slip?

09:50:05 Chaaaang-Noi: ill buy a bit at .1 just to show MP

09:50:24 Chaaaang-Noi: s.dice well... yeah.. it very well could more or less die

09:50:37 BitHub: yeah with that us news

09:50:50 BitHub: got it back on my watch list now.

09:51:04 Chaaaang-Noi: i dont think many people are willing to gamble millions of dollars each moth on s.dice

09:51:07 Chaaaang-Noi: i think it was a faed

09:51:08 Chaaaang-Noi: fad

09:52:27 Chaaaang-Noi: well im off to take my son to see the star trek film, catch ya lata

09:52:36 BitHub: ahh cool, take it easy

09:52:45 Scrat: Chaaaang-Noi: you'd be surprised at the amount of people who don't understand statistics

09:52:46 BitHub: yeah i thought s.dice would end up like a myspace

09:53:09 ezdiy: Scrat: i think plenty do

09:53:23 Scrat: being bitcoin rich doesn't make you good at math

09:53:37 ezdiy: just not strong will enough and give in to their perception bias instincts

09:54:41 Scrat: ezdiy: I'm pretty sure that not understanding math makes your (flawed) perception takes over

09:55:01 Scrat: take*

09:56:00 ezdiy: nah

09:56:04 ezdiy: its kinda like

09:56:16 ezdiy: "dont do heroin, you'll die soon"

09:56:17 ezdiy: well, duh

09:56:22 ezdiy: but you're hooked....

09:57:30 ezdiy: Scrat: people are driven by instincts more than they are willing to admit

09:57:44 ezdiy: ie you can be perfectly well aware of gambling fallacies, and still be hooked to gambling :)

09:58:07 Scrat: I think that gambler's fallacy is the result of common intuition, and just like newtonian physics it's not an accurate representation of reality

09:58:16 Scrat: you're damn right it's instinct

11:14:19 furuknap: <Chaaaang-Noi> well im off to take my son to see the star trek film, catch ya lata <- I read that as "take my gun".

11:16:16 dub: !ticker mp s.dice

11:42:14 furuknap: !ticker mp s.dice

11:49:41 ThickAsThieves: https://bitcointalk.org/index.php?topic=131065.msg2167370#msg2167370

11:50:03 ThickAsThieves: something like, Russian PayPal now trades in BTC

12:16:53 deadweasel: http://numismatics.pwnz.org/15may-dhs-seizure-of-mtgox-funds-held-by-dwolla/

12:17:06 deadweasel: nice semi-technical breakdown

12:22:06 ThickAsThieves: nice

12:22:43 ThickAsThieves: that explains a lot

12:27:05 deadweasel: i need diagrams

12:28:00 deadweasel: So I'm thinking of starting an escrow service, since I won't pay for BTC at these prices, I have to find another way of acquiring it.

12:55:42 pigeons: why was love lost for s.dice?

12:56:50 ThickAsThieves: they announced they will be blocking USA from the website

12:56:55 ThickAsThieves: as a legal precaution

12:57:28 ThickAsThieves: that and what-you-done-for-me-lately

12:57:33 ThickAsThieves: have*

13:01:00 pigeons: i wonder what percentage of bets were from US. I bet it was high. And I bet most will move to a competitor instead of a vpn


13:03:28 Scrat: I'm ok with that!

13:07:26 jurov: pigeons: there was not a word about actually rejecting bets from US, not it is technically feasible

13:07:46 pigeons: oh the website wont display only

13:07:51 pigeons: ok

13:08:29 pigeons: maybe that is a good idea, i don't know

13:09:38 ThickAsThieves: it will hurt regardless

13:09:52 ThickAsThieves: sdice has been flailing for months

13:10:00 pigeons: last month was pretty good

13:11:25 jurov: whether good or bad idea, its pretty poor outcome from all that lengthy consultation or whatever erik talked about

13:12:36 ThickAsThieves: erik has been grossly negligent and has cost his shareholders dearly

13:14:56 davout: time to finally buy some s.dice :D

13:15:05 ThickAsThieves: not really

13:15:11 ThickAsThieves: maybe at .0008

13:15:53 ThickAsThieves: even then, erik has not demonstrated any reason to be hopeful for growth

13:15:56 davout: yeah well, i mean after purchasing satoshidice.us and host a clone of their website there for american residents

13:16:31 ThickAsThieves: would not erik be obliged to ask you to cease and desist?

13:17:17 ThickAsThieves: i bet the .us tld has legal restrictions

13:17:45 davout: don't care, i'd get another domain

13:17:49 davout: i mean tld

13:18:08 davout: also if i did that i'd ask permission first to erik, because he's nice and i like him

13:18:47 ThickAsThieves: i wonder if blockchain.info will be removing him

13:20:09 Scrat: it is inevitable

13:20:25 Scrat: why would an UK business want to be affiliated with gambling

13:20:44 pigeons: well, why did they add them in the first place then?

13:20:48 davout: Scrat: you seem to assume a lot

13:23:50 Scrat: piuk has stated that he gets no commission from SD

13:28:43 davout: mpex.cp -> "Failing last since 2011."

13:28:47 davout: I lol'd hard

13:28:54 davout: s/cp/co/

13:53:56 thestringpuller: davout <- trolling since 2013

13:54:24 thestringpuller: jkjk

13:54:30 thestringpuller: it is pretty funny

14:01:30 davout: thestringpuller: trolling can be fun too :-)

14:04:31 davout: thestringpuller: also i'm trolling the bitcoin community since 2010, not 2013

14:06:58 thestringpuller: where is everyone?

14:16:18 kakobrekla: 14:56.51 ( ThickAsThieves ) they announced they will be blocking USA from the website

14:16:21 kakobrekla: urlpls

14:16:37 kakobrekla: i am disspoint if true.

14:17:17 davout: kakobrekla: the worst is that they'll block bitcoin transactions originating from the US too

14:17:38 jcpham: http://remotestorage.io/integrate/

14:20:27 kakobrekla: dis a joke?

14:21:08 davout: kakobrekla: is this dog?

14:21:26 kakobrekla: hello, this is gazelle.

14:22:08 davout: #bitcoin-assets, home of the humor conoisseurs

14:22:21 davout: #bitcoin-anal home of davout

14:22:29 jcpham: http://www.prweb.com/releases/2013/5/prweb10736409.htm

14:22:37 jcpham: for the ultimate in trolling

14:23:31 pigeons: kakobrekla: http://www.reddit.com/r/Bitcoin/comments/1efmzy/satoshidice_announcement/

14:23:42 pigeons: https://bitcointalk.org/index.php?topic=77870.msg2168347#msg2168347

14:23:58 kakobrekla: dumb

14:24:38 jurov: davout, but you aren't on (in?) #bitcoin-anal

14:24:51 Scrat: inside

14:26:02 jurov: nobody's there... i proposed KRS-1 to establish #bitcoin-sphincter instead where he can be op

14:26:08 jurov: but no reaction

14:27:01 jurov: i even can add first item into #bitcoin-sphincter FAQ: What is this channel?

14:27:10 jurov: A: Opposite of bitcoin-faucet.

14:28:18 jurov: or even better A: Integral part of bitcoin faucet.

14:29:42 davout: jurov: sometimes i'm in #bitcoin-cunt

14:30:10 davout: "A: Opposite of bitcoin-faucet." <- LOL

14:34:33 kakobrekla: well the problem with sd - its in his interest for the site to die as far as i can tell.

14:38:20 jurov: sd is too successful, so he's just riding it... no motivation to improve it

14:39:12 kakobrekla: i dunno

14:39:17 kakobrekla: i see it as two piles.

14:40:34 jurov: pls explain.. and why interest to die?

14:40:56 davout: jurov: the site

14:41:00 davout: not the service

14:41:12 davout: he wants to make money, discreetely

14:41:40 kakobrekla: one pile is a pile of regulations and problems associated with it

14:41:45 kakobrekla: the other pile a pile of btc

14:42:07 kakobrekla: no matter how much shovels you throw from second pile to first, you did nothing.

14:42:42 jurov: but that's true for you and me too, no?

14:43:05 kakobrekla: but i dont care what the us says.

14:43:34 jurov: i mean, eu does have some regulations, too

14:44:04 kakobrekla: move your butt in a save place and thats that.

14:44:13 kakobrekla: safe*

14:44:54 jurov: i decided to try to tackle it here and get the relevant opinions first.

14:45:12 jurov: hiding is always an option but i don;t like it

14:45:36 davout: jurov: you get bad sleep

14:45:45 davout: jurov: money is not worth living a worried life

14:48:18 jurov: i already get bad sleep cuz this apt has only one window and can't be cooled effectively in summer

14:48:31 jurov: so i want to improve it

14:49:42 jurov: also for some health problems of mine this service here seems inadequate

14:50:04 jurov: that's i want to solve. i don't desire to get into some reptilia-ous outrage

14:50:11 kakobrekla: im not hiding, but sleeping is imparied cause of other reasons.

14:53:28 jurov: okay this discussion goes nowhere. i just am going to tackle the authorities by proxy of task advisor company

14:53:47 jurov: that solemnly promises to keep my identity secret

14:53:55 jurov: and then see what comes out of it

14:54:09 kakobrekla: hm

14:54:24 kakobrekla: what are you trying to do anyway?

14:54:52 jurov: legally cash out

14:55:06 Chaaaang-Noi: kako did you hear that supernode is in a mental hospital?

14:55:11 kakobrekla: Chaaaang-Noi !?

14:55:11 Chaaaang-Noi: suposidly

14:55:19 Chaaaang-Noi: his last post in his diary thread

14:55:21 Chaaaang-Noi: ill find it

14:55:53 kakobrekla: jurov cash out btc? its tax free here, officially.

14:56:08 Chaaaang-Noi: "I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."

14:56:15 Chaaaang-Noi: https://bitcointalk.org/index.php?topic=174620.180

14:56:16 kakobrekla: jesus fuck

14:56:19 Chaaaang-Noi: some one screen shot that shit

14:56:34 Chaaaang-Noi: he could just be an epic troll

14:56:39 jurov: obv if they mention AML, KYC, etc. then i'll go offshore or whatever

14:57:10 Chaaaang-Noi: however, im starting to think that if they do start attacking gox and shit like that, super nodes are what we will need. clearly not that guy however

14:57:21 pigeons: i cant follow that rambling shit

14:57:30 pigeons: i prefer interesting crazies

14:57:34 Chaaaang-Noi: well he claims to be insane

14:57:39 pigeons: or zeek

14:57:40 Chaaaang-Noi: yeah

14:58:01 Chaaaang-Noi: i think he cant pay for his hotel bill, so went insane :/

14:58:26 kakobrekla: dont they accept silver pottery?

14:59:38 Chaaaang-Noi: no idea

15:00:05 Chaaaang-Noi: just bought a silver monster

15:00:10 jcpham: tried to screen print it

15:00:16 Chaaaang-Noi: im sure they would take that but just not at a fair rate

15:01:49 jcpham: http://imgur.com/Z8CHoyb

15:01:53 jcpham: tyg dawg

15:02:12 jcpham: i tried all 10 pages of the thread but it failed

15:03:32 Chaaaang-Noi: https://bitcointalk.org/index.php?topic=201753.0 ws this third auction included in the dividends yesterday?

15:04:49 truffles: hey Chaaaang, can i just call you chang?

15:04:59 Chaaaang-Noi: just call me goat

15:05:11 truffles: im not so good with names

15:05:20 truffles: but i think i have name to face so i might

15:05:25 Chaaaang-Noi: however if you want me to respond you should use whatever name i have so it lights up red

15:05:36 truffles: oh i see

15:05:50 Chaaaang-Noi: im not always looking on irc chat

15:05:57 truffles: i should set that up myself

15:06:08 truffles: prob most ppl arent heh

15:06:15 Chaaaang-Noi: :)

15:06:20 Chaaaang-Noi: im sure i do more than most, but still

15:07:01 truffles: im a multi multi tasker at doing just random..

15:07:18 truffles: im still wondering from yesterday what a drug alcohol is btw

15:09:16 Chaaaang-Noi: its a crazy one

15:12:11 Chaaaang-Noi: oh, i wonder if that finland guy is also going crazy cuz silver lost like 30 or 405 in like a month

15:12:15 Chaaaang-Noi: 40%

15:12:25 Chaaaang-Noi: he seemed to be way way long in that

15:12:57 truffles: how's gold doing?

15:13:18 Chaaaang-Noi: falling as well but not as sharp, but pretty sharp

15:13:26 Chaaaang-Noi: been stacking some as we fall down in price

15:13:29 Chaaaang-Noi: enjoying it :)

15:13:36 truffles: i want some gold

15:13:37 truffles: !

15:13:44 truffles: i guess i will look into that

15:13:55 Chaaaang-Noi: its 13XX on oz now i think

15:13:57 jurov: Chaaaang-Noi: he said earlier that physical silver is actually stable, just papers went haywire

15:14:04 Chaaaang-Noi: lol

15:14:04 jurov: so no problem for him

15:14:34 Chaaaang-Noi: i just bought silver physical silver at $23.XX when spot was 22.XX

15:14:38 Chaaaang-Noi: he is a nutter for sure

15:15:46 jurov: <kakobrekla> jurov cash out btc? its tax free here, officially. <<< care for a link?

15:16:06 kakobrekla: leotreasure: http://bou.si/rest/durs.png

15:16:13 kakobrekla: ops

15:16:14 kakobrekla: jurov ^^

15:17:43 Chaaaang-Noi: lol

15:17:57 Chaaaang-Noi: im moving to slovinia or where are you from again?

15:18:02 kakobrekla: correct

15:18:06 kakobrekla: slovenia

15:18:09 Chaaaang-Noi: cool

15:18:13 kakobrekla: slovinia could end you up in somalia or slovakia

15:18:17 Chaaaang-Noi: can you get me a passport? :)

15:18:54 kakobrekla: dunno what the procedure is on that but i guess shouldnt be too hard

15:18:59 jurov: Chaaaang-Noi: maybe work visa would be sufficient

15:19:18 jurov: but i'd prefer less crazy colleagues

15:19:22 Chaaaang-Noi: im trying to avoid paying taxes in the usa

15:20:10 truffles: prob not something to advertise goat lol

15:20:30 Chaaaang-Noi: avoid them legally...

15:20:59 Chaaaang-Noi: citizenship, or a passport would let me do that...

15:21:05 Chaaaang-Noi: avoid the taxes legally...

15:21:11 Chaaaang-Noi: it was mostly a joke anyway

15:21:20 truffles: u want to move to live there permanently?

15:21:22 truffles: oh

15:21:32 Chaaaang-Noi: i dont need to live there, just be a citizen

15:21:37 truffles: its like worse than romania isnt it

15:21:48 kakobrekla: lol

15:21:57 Chaaaang-Noi: i ahve honestly thought about buying citizenship

15:22:05 Chaaaang-Noi: just not there

15:22:07 kakobrekla: Chaaaang-Noi you marry some gal and get it

15:22:23 Chaaaang-Noi: wife wont like that :/

15:22:37 kakobrekla: then she can pay for th taxes.

15:22:38 truffles: whats a lil polgomy

15:22:46 Chaaaang-Noi: anyone want a block of 100 or 200 AM shares? want has more silver...

15:22:51 truffles: polygamy

15:23:20 Chaaaang-Noi: honey, i need to take a second wife? what the fuck why!! cuz ill same 100k in tax money

15:23:31 Chaaaang-Noi: save*

15:23:45 Chaaaang-Noi: hmm still dont think it will work out

15:23:58 kakobrekla: no

15:24:01 kakobrekla: you are doing it wrong

15:24:15 kakobrekla: "honey, pay 100k taxes or im getting another wife"

15:24:26 Chaaaang-Noi: looool

15:24:57 truffles: its her money though, even though he thinks its his : D

15:25:07 Chaaaang-Noi: like she can get my btc

15:25:36 truffles: she doesnt have to

15:58:23 mircea_popescu: ;;ticker

15:58:46 KRS-1: there are better places to live than serbia

15:59:25 mircea_popescu: actually belgrade wasn't bad at all.

16:01:00 truffles: <KRS-1> there are better places to live than serbia>>>poland?

16:09:08 jurov: poland? srsly?

16:37:18 mircea_popescu: "I check MPex for my information because ya'll have a fee to get in.

16:37:18 mircea_popescu: People who have that much BTC know what they're doing because they've been

16:37:19 mircea_popescu: there from the beginning. So I figure those trades are the smartest ones

16:37:19 mircea_popescu: to follow. Essentially...thanks for providing a more efficient source of

16:37:19 mircea_popescu: info thats not distorted by the millions of fuckwads posting about

16:37:19 mircea_popescu: whatever coin of the week they've created or people with scammer tags

16:37:21 mircea_popescu: accusing other people, etc. Its like a fucking kindergarten classroom in

16:37:23 mircea_popescu: here sometimes"

16:37:25 mircea_popescu: i get lovemail.

16:39:11 truffles: copypaste multi line fail

16:39:54 ThickAsThieves: truffles likes to focus on the important stuff

16:40:32 truffles: ppl complementing themselves meh

16:40:45 mircea_popescu: I unlocked the thread to tell you that I am fine, and this is happening in accordance with orders (as understood by me).

16:40:46 mircea_popescu: I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of.

16:40:47 mircea_popescu: whoa.

16:40:57 mircea_popescu: jurov you seen that ?

16:41:16 ThickAsThieves: mp, did you see the sdice news?

16:41:48 mircea_popescu: ThickAsThieves yes.

16:42:36 ThickAsThieves: k

17:04:18 deadweasel: who is?

17:04:31 deadweasel: who's in the looney bin?

17:04:39 truffles: hi deadweasel

17:04:43 truffles: prof rpetila

17:04:47 truffles: prob.

17:04:56 deadweasel: ahahhaha, finally.

17:05:15 deadweasel: culture and conditioning make people fucking insane

17:05:36 deadweasel: and then they impound themselves to escape the reality of their mistakes.

17:05:38 truffles: conditioning makes ppl into robots imo

17:06:11 truffles: culture makes us more interesting imo

17:06:54 deadweasel: it's very interesting. i love it.

17:07:11 deadweasel: i hope he learns to calm down.

17:08:27 mircea_popescu: deadweasel tbh, that's troll signature.

17:08:35 mircea_popescu: the account is closed. the person behind it gets the laurels.

17:09:28 jborkl: https://bitcointalk.org/index.php?topic=99497.5220 < this is why I stopped reading BTC talk

17:10:20 truffles: jborkl which post?`

17:10:41 jborkl: the last two,

17:11:02 jborkl: bundling AM chips in cell phones so Africans can mine on the go

17:11:15 mircea_popescu: lolok

17:12:48 keyboardwarrior: Hi guys

17:13:00 truffles: hi

17:13:13 truffles: my lumia runs out of battery life fast

17:13:37 keyboardwarrior: is it normal the bitfinex prices stay static for like , say , 30 minutes

17:13:52 mircea_popescu: keyboardwarrior bitfinex is a scam.

17:13:53 ThickAsThieves: lolumia

17:14:00 mircea_popescu: anything is normal as long as you lose your btc.

17:14:02 keyboardwarrior: aw snap

17:14:10 keyboardwarrior: just open a position

17:14:20 keyboardwarrior: could you tell me why is it scam

17:14:46 keyboardwarrior: at least my loss is only 0.15 USD at the moment

17:14:50 truffles: <ThickAsThieves> lolumia >> whats wrong with it????

17:15:36 truffles: fast to me is low battery in 3 days

17:16:58 keyboardwarrior: any plataform i could start on with say , 5 usd

17:17:50 ThickAsThieves: to each is own i barely even have a cellphone

17:18:14 ThickAsThieves: nexus s that i never charge

17:18:43 ThickAsThieves: wife has a note 2 which is pretty dope

17:19:03 mircea_popescu: kybwarrior basically they stole the bitcoinica codebase

17:19:17 mircea_popescu: which was written in ruby and which was buggy as hell

17:19:24 mircea_popescu: and they're running it from their garage.

17:19:58 truffles: very nice pen on note 2

17:20:01 kybwarrior: and it seems something is broken

17:20:11 kybwarrior: prices wont move

17:20:27 mircea_popescu: https://bitcointalk.org/index.php?topic=140484.0

17:20:30 mircea_popescu: read that anyway.

17:22:03 Namworld: S.DICE price holding well considering the events

17:22:52 kybwarrior: if i only had one BTC

17:23:03 kybwarrior: to use the coinbr gate to MPEX

17:24:49 truffles: can the note 2 do pdf's and word..

17:24:54 Namworld: coinbr requires a whole BTC?

17:25:01 mircea_popescu: iirc it was a %

17:25:02 truffles: or even utube

17:25:13 mircea_popescu: Namworld im not sure what the events are.

17:25:20 mircea_popescu: i mean... website ? who cares ?

17:25:50 Namworld: Yeah. It's still going to hurt SDice's business tho

17:25:58 kybwarrior: oh its free

17:26:09 kybwarrior: last time i checked it wasnt

17:27:39 mircea_popescu: Namworld maybe.

17:27:41 kybwarrior: oh it moved

17:27:49 kybwarrior: against me

17:28:01 kybwarrior: i dont get why

17:28:16 kybwarrior: as on clarkmoody price is rising

17:28:32 ThickAsThieves: scamz

17:28:35 Namworld: Well I'd need to know how many US SD players use proxy/Tor to play and how many just plainly access.

17:28:44 Namworld: But yeah

17:29:03 Namworld: Could scare new customers if they see some warning upon arriving on the website.

17:29:09 mircea_popescu: Namworld by the same reasoning silkroad is dead.

17:29:14 mircea_popescu: as it doesnm't have a website.

17:29:15 Namworld: Old players would probably just keep betting

17:30:12 truffles: gamblers gonna gamble

17:30:16 Namworld: SR doesn't have a warning message. It's just hidden well.

17:30:59 mircea_popescu: i'm just saying, websites.

17:33:40 Namworld: Yeah, yeah

17:34:27 Namworld: According to the 1.9% house edge, it went up 3.5 x 200 BTC increments

17:34:39 Namworld: dooglus' pic here http://i.imgur.com/RvpHgmA.png

17:35:05 Namworld: So 700 BTC expected profit

17:36:15 Namworld: ;;calc 700/0.019

17:36:30 Namworld: ~36842 BTC in bets expected

17:36:38 Namworld: to have occured then

17:36:59 Namworld: Arf, I need to suggest dooglus to add betting volume since the beggining of the month

17:37:46 benkay: sdice ain't dead

17:37:50 benkay: it's got this great market dominance

17:38:16 benkay: it seems to not be receiving a lot of love from its nominal maintainer though

17:38:29 ThickAsThieves: http://www.youtube.com/watch?v=rfUYuIVbFg0

17:38:43 Namworld: ;;calc 36842/1200

17:38:50 benkay: dem blooz.

17:39:26 Namworld: Well Coinroll has about 1/30th of SatoshiDice's betting volume for the same period.

17:39:32 Namworld: I guess that's decent

17:40:21 benkay: bitzino has lots of love for itself

17:41:01 Namworld: I hear so. Different game tho

17:41:13 Namworld: Coinroll is pretty much like SD

17:42:19 jborkl: Wtf, over 10,000 unconfirmed

17:42:24 Namworld: Didn't expect such market share

17:42:27 benkay: is the play model really relevant to whether a given casino has their shit together?

17:42:35 Namworld: For something that litterally just started

17:42:42 jborkl: mircea-popescu

17:42:50 jborkl: mircea_popescu

17:42:53 mircea_popescu: yes ?

17:43:01 jborkl: you see the unconfired transactions

17:43:04 jborkl: new record

17:44:24 jborkl: DDOS of the network with .00000025

17:46:12 Namworld: 0.00000025 * 200000 = 0.05 BTC cost to attack...

17:46:27 Namworld: With 200 000 transactions with such dust

17:46:48 Namworld: At regular fee of 0.0005

17:47:00 Namworld: Would cost 100 BTC to create 200 000 transactions

17:47:24 jborkl: well, there are over 11,000 pernding

17:47:28 jborkl: pending

17:47:34 Namworld: Yeah

17:47:37 Namworld: Could be more

17:47:47 jborkl: probably is

17:48:01 Namworld: What's the current blocksize limit?

17:48:20 jborkl: 1mb I think - not 100 sure

17:48:44 jborkl: most are at 512 , pretty sure

17:49:04 Namworld: This is retarted...

17:49:14 Namworld: So many transactions

17:49:37 Namworld: Miners should just ignore 0 fees transactions

17:49:38 mircea_popescu: jborkl yeah

17:49:53 mircea_popescu: 1mb is the absolute limit

17:50:02 mircea_popescu: blocks are about 410 k avg

17:51:09 Namworld: The spam stopped

17:51:38 jborkl: I think it just crashed everything imo

17:51:41 mircea_popescu: jborkl the interesting thing is

17:51:49 mircea_popescu: i can get my payments through no problem, in spite of 10k pending

17:51:58 mircea_popescu: i think either the miners are prioritizing or there's something else afoot

17:52:08 mircea_popescu: (node connectivity issue ? i dunno ianae)

17:52:52 jborkl: it is interesting, depends on who is relaying and where the transactions are getting stuck at

17:53:24 mircea_popescu: in fact i've looked, and i've not had a payment waited in >3 months

17:53:29 mircea_popescu: everything next block

17:54:31 jborkl: It would almost be wise, for MPEX members that need to pay each other to use PUSH more often. Or new people need to sign up to PUSH with a high degree of speed and anonymity

17:54:56 Namworld: miners prioritize transactions with fees over feeless transactions

17:55:27 Namworld: If you're not a cheapskate and pay the damn 5 cent fee...

17:55:32 Namworld: You're ok

17:55:34 mircea_popescu: jborkl what, and ruin ripple ?!

17:55:40 jcpham: so whats happening tot he blockchain

17:55:47 mircea_popescu: with google, horowitz-andersen & co ?

17:56:09 jborkl: LOL, yeah ripple is trying to be WOT

17:56:32 jborkl: with a bunch of retards giving micro loans to each other

17:56:33 kakobrekla: i have been doing larger txes for a while now, no fee and nothing waits. and not that i dont want to pay fee, its just default client doesnt say it needs it.

17:56:58 kakobrekla: its about bitcoin days destroyed i think

17:57:14 mircea_popescu: that counts too

17:57:25 mircea_popescu: http://bitbet.us/bet/450/bitfurys-asic-will-work-with-power-1/

17:57:33 mircea_popescu: 2:3 by now

17:57:33 Namworld: yeah, size counts too

17:57:42 jborkl: LOL, blockchains windows xp pro crashed

17:59:58 Namworld: blockchain.info: hosted on this HP laptop right here with blazing fast 128 kbit/s DSL

18:00:11 ThickAsThieves: methinks theyre trolling

18:00:32 Namworld: Who's bitfury...

18:01:00 mircea_popescu: Namworld was some guy with a large fpga rig last year

18:01:03 mircea_popescu: last i heard of them

18:01:06 ThickAsThieves: the world leader in pretending to be the world leader in ascis

18:01:10 ThickAsThieves: havent you heard?

18:01:12 mircea_popescu: lmao

18:01:20 Namworld: ...

18:01:27 mircea_popescu: ThickAsThieves what fascinates me is this : guy comes out of blue skies plunks down 100 btc on yes.

18:01:43 mircea_popescu: ok, tghat i can see. maybe he's trolling. m,aybe he's insane. maybe he has the chips. he'd know which, it's hios business

18:01:45 ThickAsThieves: i know, you are very excited about this

18:01:52 mircea_popescu: so 50 btc are bet against. that i can also understand

18:01:59 mircea_popescu: nobody went broke betting against asic delivery yet.

18:02:12 mircea_popescu: BUT!!!! there's like 25 btc aka 5k usd riding on the yes from third parties.

18:02:17 mircea_popescu: this i don't get. i tried.

18:02:23 ThickAsThieves: hehe

18:02:32 mircea_popescu: i mean wtf, they can't have insider information

18:02:42 mircea_popescu: there's 5k dollah wagered on what, the website ?

18:02:47 ThickAsThieves: the only proven way to be safe with asic biz is to wait til delivery

18:02:50 mircea_popescu: what judgement went into that i wish to know

18:02:54 ThickAsThieves: otherwise you are just gambling

18:03:29 ThickAsThieves: many more losers than winners

18:03:38 mircea_popescu: basically excluding the owner, that bet breaks 2:1 against

18:03:42 mircea_popescu: what the fuck what odds are these.

18:03:44 Namworld: Is that a pun on bitfinex's statement?

18:03:58 mircea_popescu: Namworld that ?

18:04:14 Namworld: "nobody went broke betting against asic delivery yet."

18:04:20 mircea_popescu: um

18:04:25 mircea_popescu: not afaik.

18:04:28 Namworld: Bitfinex has right under the logo this funny statement

18:04:32 Namworld: "Nobody went broke taking profits"

18:04:36 mircea_popescu: what srlky ? heh.

18:04:39 jcpham: just wait until ripples are a buck each

18:04:40 ThickAsThieves: thats not a logo

18:04:43 ThickAsThieves: its a big font

18:04:51 Namworld: It's a bad logo...

18:04:59 mircea_popescu: listen. "Nobody went broke taking profits" is like saying "the rain in spain stays mostly on the plain"

18:05:06 mircea_popescu: no dinky obscure fringe scam invented this.

18:05:27 Namworld: It's funny cause it's false

18:05:32 mircea_popescu: yeah

18:05:45 ThickAsThieves: mpex needs a logo

18:05:54 mircea_popescu: http://www.stockhouse.com/bullboards/messagedetail.aspx?s=SGF&t=list&m=9285714&l=0&pd=1&r=0

18:05:56 mircea_popescu: there, 2005

18:05:58 deadweasel: technically if all you do is take profits, it would be impossible to go broke. in a general way.

18:06:08 mircea_popescu: deadweasel inflation.

18:06:09 deadweasel: but i agree with you in spirit

18:06:15 deadweasel: oh ya

18:06:17 deadweasel: inflation

18:06:18 mircea_popescu: ;)

18:06:18 deadweasel: shit

18:06:34 deadweasel: well, still wouldn't be broke, but worthless, yes.

18:06:40 ThickAsThieves: :/

18:06:41 mircea_popescu: not to go into the complex points of taxation.

18:08:10 ThickAsThieves: i love how people feel the need to wait for 6 confs when making deals with me

18:08:14 ThickAsThieves: am i that scary

18:08:39 ThickAsThieves: i wouldnt know how to doublespend on 0 confs

18:08:42 mircea_popescu: just new and into high risk prop trades.

18:09:59 ThickAsThieves: wtf

18:10:08 ThickAsThieves: someone is trying to double spend on me

18:10:13 ThickAsThieves: great

18:12:45 deadweasel: ya taxes, dammit.

18:13:21 Scrat: TAT: nop, b.i is buggy atm

18:13:26 Scrat: shows every TX as a double spend

18:13:47 ThickAsThieves: oh

18:14:20 ThickAsThieves: Scrat yyouz just tryin git me

18:14:47 Scrat: git er

18:16:27 ThickAsThieves: hey putting asics in phones was my idea https://bitcointalk.org/index.php?topic=99497.msg2171426#msg2171426

18:16:28 ThickAsThieves: wtf

18:17:13 mircea_popescu: lol

18:19:02 Namworld: When's the IPO, Scrat? =P

18:19:36 Namworld: By the way... if anyone wants to sell S.DICE shares but finds there's a lack of volume to sell them, PM me.

18:20:08 Namworld: I might buy 10-30k

18:23:24 toffoo: what is the all-time low on s.dice?

18:23:54 Namworld: ~0.0008 I think

18:24:11 Namworld: 1/4th of IPO

18:24:28 toffoo: wow .. did it hit that in this recent dump or was that from earlier?

18:24:40 mircea_popescu: toffoo there was a dump back in january i think ?

18:24:42 Namworld: Much earlier

18:24:58 toffoo: ok gotcha, thanks

18:26:59 ThickAsThieves: http://gawker.com/google-wallet-will-soon-allow-you-to-send-money-as-a-g-507104861

18:27:06 mircea_popescu: depr

18:31:07 Scrat: Namworld: soon(tm)

18:31:58 Uglux: like wave(tm)

18:38:22 leotreasure: i lost message from scrollback

18:53:53 davout: greetings

18:54:10 truffles: hi

18:54:19 deadweasel: howdy o/

18:54:44 truffles: has it been a quiet day for bitcoin?

18:55:51 ThickAsThieves: havent we had enough excitement?

18:56:03 ThickAsThieves: it's like every week we have fireworks

18:56:13 truffles: drama gets the blood pumping!

18:56:31 davout: bitcoin is backed by drama

18:56:41 truffles: haha

18:57:16 ThickAsThieves: gox seizure, sdice drama

18:57:25 ThickAsThieves: AM mega div

18:57:33 davout: so much drama over nothing with satoshidice

18:57:39 ThickAsThieves: chaang nois new bicycle

18:57:43 ThickAsThieves: so exciting

18:57:47 truffles: lol

18:58:02 davout: some big shareholder should just clone the SD website and make it available in the US

18:58:11 davout: problem solved. boom.

18:58:29 ThickAsThieves: then that person has same liability obv

18:58:42 ThickAsThieves: boom

18:58:58 davout: pay for a domain name in btc, host on heroku, anonymous website, boom.

18:59:23 ThickAsThieves: i'll probably end up eating my words, but at the moment i have no problem saying that i think sdice is dead in the water

18:59:29 ThickAsThieves: ship has sailed

18:59:42 truffles: ouch

19:03:59 davout: what makes you think that it won't make it even more attractive ?

19:04:04 davout: to US customers

19:04:12 davout: it's like... forbidden

19:06:00 ThickAsThieves: simple

19:06:06 ThickAsThieves: it's been faltering for months

19:06:25 ThickAsThieves: and has received no visible or "tangible" attention

19:06:29 ThickAsThieves: no new features

19:06:32 ThickAsThieves: no new anything

19:06:42 ThickAsThieves: site mostly performed shitty anyway

19:06:54 ThickAsThieves: so any amount of obfuscating it's accessibility

19:07:03 ThickAsThieves: is just another nail in the coffin

19:07:14 mircea_popescu: this isn't tv tho.

19:07:26 ThickAsThieves: clarify

19:07:38 ThickAsThieves: you mean the vidible part?

19:07:40 ThickAsThieves: s

19:07:44 jcpham: people can watch waht they want

19:07:54 mircea_popescu: there's this very american worshipping of a very particular thing

19:07:58 davout: hipsters care about features, investors car about dividends

19:08:01 ThickAsThieves: people dont seek out tv shows because they are harder to watch

19:08:08 davout: :-)

19:08:12 jcpham: streisand

19:08:18 ThickAsThieves: i care about noth

19:08:20 ThickAsThieves: bnoth

19:08:22 ThickAsThieves: both!

19:08:25 mircea_popescu: lol

19:08:41 mircea_popescu: but srsly, most things worth it in this life aren't what's being hyped

19:08:49 mircea_popescu: most hyped things aren't worth the time of day

19:08:53 mircea_popescu: most "famous" people are poor.

19:08:59 mircea_popescu: most rich people you've never heard of

19:09:02 ThickAsThieves: but your are transferring the argument

19:09:02 davout: you can't deal-with-it me

19:09:10 mircea_popescu: most popular jobs are dead. most lucrative jobs are "boring"

19:09:11 mircea_popescu: etc

19:09:14 davout: i had the sunglasses on my forum avatar first

19:09:20 ThickAsThieves: my point isnt that hype is a fundamental

19:09:26 mircea_popescu: it isn't.

19:09:33 mircea_popescu: also, the "consumer" market is unfundamental.

19:09:35 mircea_popescu: and so on

19:09:38 ThickAsThieves: it's that marketing, communication, and development are important

19:09:51 mircea_popescu: not as commonly understood.

19:10:02 davout: i think sd markets itself for free on the frontpage of blockchain.info

19:10:09 ThickAsThieves: big deal

19:10:14 ThickAsThieves: it's nice n all

19:10:17 ThickAsThieves: and certainly a win

19:10:18 jcpham: what davout said

19:10:20 mircea_popescu: and im not transferring the argument, i'm just not particularly interested in arguiubng about s.dice per se, i think the general point is more interesting

19:10:28 ThickAsThieves: but you can't just stop

19:10:42 mircea_popescu: yes you can. this website fetish...

19:10:46 ThickAsThieves: my issue is not just with sdice

19:10:48 truffles: <davout> hipsters care about features, investors car about dividends>>> disagree with that

19:10:49 mircea_popescu: websites are for blogs.

19:11:03 jcpham: well i think s.dice is dead and SD will be fine

19:11:08 mircea_popescu: there's no good reason random, service x should be a website.

19:11:09 davout: ThickAsThieves: like I said, someone who has a stake in this *will* put up a US accessible clone of the SD website

19:11:31 ThickAsThieves: you might not WANT marketing to matter or have a suitable rationale for it within yourself

19:11:31 mircea_popescu: davout i'd take that as a good proxy for how valuable a website is for sdice

19:11:38 ThickAsThieves: but it proves itself when used

19:11:53 ThickAsThieves: davout

19:12:03 ThickAsThieves: my issue is much more than the website to US problem

19:12:04 davout: howso

19:12:14 davout: so what is it ?

19:12:23 ThickAsThieves: it's lack of development

19:12:38 mircea_popescu: this attitude is what leads to creeping featuritis and general cruft.

19:12:48 davout: mircea_popescu: word

19:12:58 ThickAsThieves: so nothing should ever be developed past it's initial state?

19:13:08 ThickAsThieves: its*

19:13:09 benkay: has anyone bothered to plot relative market share of the btc gambling space?

19:13:13 jcpham: would you like for satoshidice to add more features and a whole frontend/backend server architecture?

19:13:18 benkay: we could actually talk about execution instead of features then

19:13:21 jcpham: allow players to create "accounts"?

19:13:24 davout: ThickAsThieves: does it need to ?

19:13:28 jcpham: not happenin

19:13:32 mircea_popescu: ThickAsThieves past uits mature state.

19:13:40 mircea_popescu: for example : i am now eating a praline

19:13:40 ThickAsThieves: nothing needs to do anything

19:13:49 ThickAsThieves: but we invest to make money right?

19:13:52 mircea_popescu: this particular piece of confectionery has been unchanged since three centuries ago

19:13:58 mircea_popescu: i am persuaded louis ate the exact same thing.

19:14:12 ThickAsThieves: and investors expect a business to maintain and moreover gain revenue right?

19:14:19 mircea_popescu: yes, pralines are dead to the us market, in the sense that the uninformed poor there don't get any.

19:14:48 ThickAsThieves: why use analogies when we already have a working example

19:14:58 truffles: ThickAsThieves I think youre trying to reason with stubborn ppl who are comfortable with what is

19:15:04 ThickAsThieves: i know

19:15:07 mircea_popescu: in my mind investors are making a revenue from their holding

19:15:23 davout: truffles: that's called having fun :-)

19:15:24 truffles: same ppl who give out advice to others *snicker*

19:15:33 ThickAsThieves: i simply expect action

19:15:39 ThickAsThieves: what's next

19:15:41 ThickAsThieves: etc

19:15:55 mircea_popescu: yeah but i don't think that's particularly relevant.

19:16:00 ThickAsThieves: hehe

19:16:02 mircea_popescu: so you wish to be entertained by your portofolio

19:16:03 mircea_popescu: i do not.

19:16:05 ThickAsThieves: no

19:16:07 davout: ThickAsThieves: buddhism teaches us that "not doing" is already "doing" if you see what I mean

19:16:09 ThickAsThieves: i wish for it to grow

19:16:35 mircea_popescu: ThickAsThieves this growth thing... it often is illusory.

19:16:41 ThickAsThieves: sure

19:16:48 mircea_popescu: i mean... enron grew.

19:16:54 benkay: whatever

19:16:58 benkay: growth can happen

19:17:00 ThickAsThieves: buddhism is like nihilism

19:17:02 davout: mircea_popescu: these suction pumps do not work

19:17:03 benkay: sometimes it's illusory

19:17:03 jcpham: the U.S. has grown

19:17:05 ThickAsThieves: zero impact

19:17:23 davout: ThickAsThieves: yes and no

19:17:24 mircea_popescu: jcpham yeah, i love the sprawl too.

19:17:26 ThickAsThieves: I enjoy life because of all the things I can DO

19:17:37 ThickAsThieves: not all the things I can watch be as they are

19:17:50 mircea_popescu: anyway. point being : the hammer has not grown. it is what it is.

19:17:57 ThickAsThieves: i want to tinker, explore, develop, evolve

19:18:01 mircea_popescu: toilet paper is basically... toilet paper.

19:18:04 mircea_popescu: that's what it is.

19:18:05 davout: ThickAsThieves: watching things as they are is already doing something, which can bring great enjoyment

19:18:09 ThickAsThieves: which extends to me wanting this for all things

19:18:20 mircea_popescu: ThickAsThieves that's fine but not all things are that.

19:18:26 davout: ThickAsThieves: it's not mutually exclusive

19:18:30 mircea_popescu: s.dice is a mature company dominating its niche

19:18:33 ThickAsThieves: but profit is

19:18:40 mircea_popescu: it will behave accordingly. you want excitement, chase the vircurex ipos or w/e

19:18:45 mircea_popescu: different models.

19:18:54 ThickAsThieves: i want evolution

19:18:57 ThickAsThieves: not excitement

19:19:03 ThickAsThieves: progression

19:19:11 davout: let's talk about evolution then

19:19:14 truffles: a year or 2 is mature now hehehe

19:19:22 davout: what is this NAT.ROUTERS thing?

19:19:32 ThickAsThieves: a joke

19:19:34 ThickAsThieves: like sdice

19:19:48 mircea_popescu: lol. dude srlsy.

19:19:55 ThickAsThieves: i just find it insulting

19:20:15 davout: ThickAsThieves: what is it that pokes your ego ? :p

19:20:29 ThickAsThieves: i tried to explain this

19:20:52 truffles: oh its not called trolling huh

19:20:56 ThickAsThieves: sdice was a spark

19:21:05 ThickAsThieves: but never a fire

19:21:19 ThickAsThieves: it still can be i guess

19:21:26 ThickAsThieves: but no signs of warmth

19:21:30 davout: yeah, who knows

19:22:02 mircea_popescu: i fail to follow this logic.

19:22:02 ThickAsThieves: i want to put my money to work

19:22:06 davout: ThickAsThieves: you expect change when some other folks don't see the need for it

19:22:10 mircea_popescu: sdice always was and still is the majority of rthe blockchain

19:22:13 ThickAsThieves: not bury it in the dirt

19:22:22 mircea_popescu: if this is a spark but not a fire then what can io tell you

19:22:45 ThickAsThieves: erik has expressed he has stuff brewing repeatedly

19:22:59 ThickAsThieves: yet soup is not served

19:23:11 mircea_popescu: ThickAsThieves it's barely a one year old company.

19:23:28 mircea_popescu: most companies fail to file at all after their first year

19:23:29 ThickAsThieves: it take 1 year to communicate plans with investors?

19:23:36 mircea_popescu: of the 5%ish that do, 90+% file a loss.

19:23:45 mircea_popescu: plans are no investors' busines.

19:24:09 mircea_popescu: you want to be involved in business planning, start one.

19:24:14 benkay: i like that attitude, that plans are not investors business.

19:24:14 ThickAsThieves: so would you argue that with all that is known to the public,

19:24:21 ThickAsThieves: sdice is a better investment than most?

19:24:23 mircea_popescu: you're buying into someone else's specifically so as not to have to deal with that.

19:24:24 benkay: it's not a terribly common perspective...

19:24:46 mircea_popescu: ThickAsThieves as far as i can see, other than mpoe (which may well be oversold), sdice is the only investment available atm.

19:24:47 ThickAsThieves: plans are not investors business

19:24:57 mircea_popescu: bitbet is small. asicminer doesn't practically exist. it's take it or leave it.

19:25:06 ThickAsThieves: please

19:25:08 mircea_popescu: hey.

19:25:24 ThickAsThieves: you keep painting AM as a blip

19:25:31 mircea_popescu: it is.

19:25:38 inhies: lols

19:25:43 mircea_popescu: no contract, no business. sorry but it's what it is.

19:25:46 inhies: if its not on mpex it isnt real

19:25:56 mircea_popescu: you don't have to agree, but you won't change this whether you agree or you don't.

19:25:57 ThickAsThieves: what good has sdice's contract done anyone?

19:26:12 ThickAsThieves: other than the seed investors

19:26:22 benkay: appearance of legitimacy

19:26:24 mircea_popescu: it can be read by anyone.

19:26:29 benkay: to the extent that exists in this space.

19:26:39 mircea_popescu: it clearly delineates what anyone can reasonably expect. etc.

19:26:46 mircea_popescu: the stuff contracts normally do.

19:27:00 ThickAsThieves: but it doesnt protect investors from a number of things that could easily circumvent the contract into worthlessness

19:27:09 benkay: such as?

19:27:17 ThickAsThieves: erik = the whale

19:27:32 mircea_popescu: no contract protects the investors or any parties against the very contract being breached.

19:27:38 ThickAsThieves: mp deciding to interpret any line creatively

19:27:45 mircea_popescu: contracts (like any other thing in the world) work by working not by being broken

19:27:55 mircea_popescu: a boat doesn't take you across the sea by being sunk

19:28:07 ThickAsThieves: so you want to say contracts are the real deal, but dont actually protect you

19:28:14 benkay: here comes the gpg

19:28:16 ThickAsThieves: so whats the difference

19:28:38 mircea_popescu: ThickAsThieves basically where you're coming from is this : "i'm here in the land of the thieves, better pack as much and run while i still have my legs"

19:28:48 mircea_popescu: this may be informed by experience, heck, it may even be the correct stance in btc.

19:28:59 mircea_popescu: nevertheless, i won't have any of it, it's not what i'm building nor what i stand for.

19:29:03 ThickAsThieves: no

19:29:11 mircea_popescu: the only way this divide will be healed is through time. so i'm not in any rush for anything to happen.

19:29:14 ThickAsThieves: it is you that is making the assumption that AM is the thief

19:29:16 ThickAsThieves: in waiting

19:29:26 ThickAsThieves: no I

19:29:27 mircea_popescu: not quite.

19:29:55 ThickAsThieves: as I see it, both sdice and AM could fuck me over any number of ways

19:30:09 mircea_popescu: yes. this is the thing : at this point anything "could" happen

19:30:09 ThickAsThieves: yet Friedcat has demonstrated enormous achievements

19:30:22 ThickAsThieves: and erik has demonstrated a joker avatar

19:30:27 mircea_popescu: ten years down the road things will have played out as i said they will, and they could no longer play any number of ways.

19:31:12 ThickAsThieves: investing in people is safer to me

19:31:18 ThickAsThieves: than investing in an mpex contracyt

19:31:20 mircea_popescu: so that's fine.

19:31:39 ThickAsThieves: if erik were demonstrating intitiative

19:31:48 ThickAsThieves: or any sort of business prowess

19:31:57 ThickAsThieves: i might think differently

19:32:17 mircea_popescu: the great advantage of btc is that it'sd a perfectly even ideal field on which everyone's understanding can be tested

19:32:18 mod6: ...

19:32:41 ThickAsThieves: and while i dont think of everyone as thieves in waiting

19:32:52 ThickAsThieves: i do think my positions need to be temporal

19:32:54 ThickAsThieves: and agile

19:33:08 ThickAsThieves: due to the pitfalls that litter btc business

19:33:26 ThickAsThieves: I'm not saying I wanna make babies with Friedcat

19:33:30 mircea_popescu: so basically not X but X.

19:33:53 ThickAsThieves: I'm saying the actual environment changes

19:34:09 mircea_popescu: right, let's not get anchored in the words.

19:34:14 ThickAsThieves: so some jumping around is profitable

19:34:22 mircea_popescu: the idea is that you perceive this medium as dangerous and i aim to make it safe.

19:34:43 davout: "benkay: here comes the gpg" << LOL

19:34:47 mircea_popescu: the idea is for btc to be a safer place than anywhere else, not some mythical land you raid now and again

19:34:48 ThickAsThieves: and sdice investors are safely losing money each week

19:34:56 mircea_popescu: how exactly are they losing money ?

19:35:25 ThickAsThieves: depends on how much you value divs vs share value vs future potential

19:35:52 mircea_popescu: depends if you're a daytrader marking to market on a daily basis.

19:36:01 mircea_popescu: as far as i know there's a total of three people actually qualified to be doing this.

19:36:34 ThickAsThieves: whom?

19:36:47 mircea_popescu: ya well.

19:37:40 davout: mircea_popescu: how's the hiring ladybytes on your traders team coming along?

19:37:48 ThickAsThieves: maybe I am projecting unnecessary expectations on sdice

19:37:51 mircea_popescu: lol she's skulking

19:37:57 ThickAsThieves: so be it

19:38:03 mod6: ThickAsThieves: http://polimedia.us/fraudsters/2012/gpg-contracts/

19:38:30 mircea_popescu: ThickAsThieves look, everyone does his own thinking, has his own expectations...

19:38:40 mircea_popescu: the market is a voting machine doubling as a weighing machine

19:38:49 mircea_popescu: except we don't yet have the long term for the later, so.

19:39:03 truffles: ThickAsThieves just take it up the butt and move along

19:39:09 ThickAsThieves: lol

19:39:25 ThickAsThieves: no meat enters this sanctum

19:39:27 ThickAsThieves: hehe

19:39:54 benkay: skulking or sulking?

19:40:02 ThickAsThieves: same thing?

19:40:11 benkay: nope.

19:40:14 mircea_popescu: not same thing.

19:40:15 benkay: nope nope nope.

19:40:59 benkay: https://www.youtube.com/watch?v=gvdf5n-zI14

19:41:01 truffles: learned a new word today

19:41:01 ThickAsThieves: ah

19:41:37 ThickAsThieves: didnt realize the word meant that

19:41:41 ThickAsThieves: pretty cool actually

19:41:47 mircea_popescu: hehe

19:42:05 mircea_popescu: til eh.

19:42:50 ThickAsThieves: i need to decompress now

19:42:53 ThickAsThieves: you guys...

19:43:18 benkay: wat

19:43:46 ThickAsThieves: it's like drinking with philosophers

19:43:50 ThickAsThieves: a total chore

19:43:59 benkay: consider this perspective

19:44:12 benkay: all business have always been valued in ever-decreasingly valuable fiat currency

19:44:24 benkay: you for like a few hundred years or something

19:44:29 dub: ;;stats

19:44:37 dub: ;;bc,stats

19:44:44 mircea_popescu: lmao the things he complains about

19:44:55 mircea_popescu: at least you don't have 45k in college debt for the priviledge ThickAsThieves

19:44:56 truffles: <ThickAsThieves> it's like drinking with philosophers>>> that sounds more interesting than this discussion !

19:45:32 ThickAsThieves: truffles, you'd be surprised

19:45:32 benkay: westerners always want their capital to increase

19:45:34 benkay: it's a lie

19:45:38 davout: is it just me or is forbes the landfill of internet journalism ? http://www.forbes.com/sites/timworstall/2013/05/16/it-could-be-the-bureaucrats-that-kill-bitcoin/

19:45:42 benkay: they really just want their capital to not decrease

19:45:57 ThickAsThieves: i am trying to make money

19:46:01 ThickAsThieves: like most of us i assume

19:46:07 benkay: yeah

19:46:08 mircea_popescu: davout just like any other venue.

19:46:12 benkay: without delivering value tho

19:46:25 ThickAsThieves: i deliver value

19:46:26 benkay: just by moving assets around, getting into and out of positions etc

19:46:37 ThickAsThieves: i provide a number of services

19:46:39 benkay: not to s.dice :)

19:46:43 ThickAsThieves: not to sdice

19:46:44 ThickAsThieves: hehe

19:47:03 benkay: if you don't deliver value to a company, don't expect them to deliver returns to your pocket

19:47:09 benkay: maybe your stake won't disappear in inflation

19:47:15 benkay: but don't expect to make out like a gangster

19:47:27 benkay: that happens by luck.

19:47:37 ThickAsThieves: your argument seems to result in

19:47:41 mircea_popescu: well, this is the classical smaller rocks argument

19:47:42 ThickAsThieves: dont invest in companies

19:47:42 mircea_popescu: if he

19:47:53 mircea_popescu: 's moving stuff back and forth he's providing liquidity which is still a service.

19:47:59 benkay: sure

19:48:05 benkay: there's *some* value

19:48:08 mircea_popescu: right.

19:48:20 benkay: not dismissing the role of traders and liquidity providers entirely

19:48:40 ThickAsThieves: i also help large shareholders unload their positions, small shareholders buy small stakes

19:48:41 benkay: i'm not saying don't invest

19:48:51 benkay: that's how you prevent the capital you've acquired from disappearing in inflation

19:48:52 davout: mircea_popescu: moving stuff around provides liquidity to someone but eats liquidity somewhere else, ends up neutral

19:48:54 ThickAsThieves: so i save time for some as well

19:48:55 benkay: but that shit won't make you rich.

19:49:36 davout: hmm, i guess taking liquidity is also providing liquidity at the same time

19:49:37 davout: nvm

19:49:38 ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg2172182#msg2172182 << mp theyre about to steal your heated asic floor tiles idea too!

19:50:21 ThickAsThieves: i also provide information

19:50:31 benkay: monetize that, man

19:50:44 ThickAsThieves: and soon I will be sponsoring other people's efforts as well

19:50:51 ThickAsThieves: that are providing services

19:51:04 ThickAsThieves: impact is important to me

19:51:09 benkay: that sounds like value

19:51:30 benkay: unlike buying into ipos

19:51:40 benkay: now if you take those things to ipo, you too can make out like a bandit

19:51:42 ThickAsThieves: and you'd be surprised the money that can be made moving stones around

19:52:28 ThickAsThieves: also likely surprised at the impact good marketing can have on exposing your services

19:52:38 ThickAsThieves: but i digress

19:52:40 ThickAsThieves: i guess

19:52:47 benkay: oh no i agree w/r/t marketing

19:53:07 benkay: and i'm not surprised that it's possible to make money shuffling things around

19:53:10 benkay: see it erryday

19:53:13 ThickAsThieves: most here seem to think marketing is purely about spin

19:53:17 mircea_popescu: the funny thing is on one hand i told everyhone when they were here to be defensive players

19:53:29 mircea_popescu: and now you're getting all excited cause erik is playing a lot of defense

19:53:48 ThickAsThieves: not true mp

19:54:01 ThickAsThieves: my complaints pre-date this US website stuff

19:54:06 ThickAsThieves: several times over

19:54:10 mircea_popescu: ok but consider : bfl did a lot of marketing

19:54:14 mircea_popescu: mtgox did a lot of marketing

19:54:18 ThickAsThieves: well

19:54:21 mircea_popescu: starting to see a lot of pattern ?

19:54:22 ThickAsThieves: you have to deliver as well

19:54:38 benkay: they have also made out with shittons of money

19:54:43 ThickAsThieves: indeed

19:54:44 ThickAsThieves: but

19:54:45 mircea_popescu: heck, coin* did a lot of marketing

19:54:48 mircea_popescu: benkay seriously ? what ?

19:54:51 ThickAsThieves: bfl did not provide value

19:54:58 ThickAsThieves: nor did they deliver

19:54:59 mircea_popescu: anything under 1bn is a joke, i hope we're clear.

19:55:02 ThickAsThieves: now imagine

19:55:02 benkay: bfl and gox are rolling in it!

19:55:05 benkay: oh fine

19:55:07 ThickAsThieves: if bfl had good marketing

19:55:09 ThickAsThieves: and delivered

19:55:15 ThickAsThieves: AM would be dead already

19:55:18 mircea_popescu: for the sort of position, for the sort of circumstance, 1 bn is a joke.

19:55:23 ThickAsThieves: or at least half-dead

19:55:39 truffles: 1 billion ?

19:56:31 mircea_popescu: benkay consider : myspace sold itself for a bn. back a decade ago, before the qe. groupon's COMPETITOR is valued north of 3bn, after shedding a lot of valuation.

19:56:35 mircea_popescu: what are these things ? what do they do ?

19:56:42 mircea_popescu: nothing compared.

19:56:50 benkay: let me clarify: for scammers who advertise well, they made out like bandits.

19:56:55 ThickAsThieves: i always called groupon as useless

19:56:56 mircea_popescu: sure.

19:57:06 ThickAsThieves: they provided a service, to early investors

19:57:11 ThickAsThieves: thats about it

19:57:28 ThickAsThieves: otherwise they gutted small business

19:57:43 mircea_popescu: myeah.

19:57:47 mircea_popescu: was sad really.

19:57:54 mircea_popescu: same exact business model as the airbnb thing

19:58:00 benkay: wat

19:58:02 mircea_popescu: gutting lease people.

19:58:11 benkay: lease people?

19:58:19 mircea_popescu: it's getting disgusting to watch, all these "businesses" into mass-gutting

19:58:29 mircea_popescu: benkay yes. it is against your lease pretty much everywhere to sublet

19:58:32 mircea_popescu: especially to transients

19:58:52 mircea_popescu: it is against city ordinances too , in most metro areas.

19:59:07 ThickAsThieves: my mom sent me this email today: "Subj: Klout.com - I just saw a thing on Nightline about it. Kinda like Linkedin I think....only they rate you with a number...not for me...lol....but I am curious what you think about it...?"

19:59:10 ThickAsThieves: makes me mad

19:59:37 mircea_popescu: klout is kinda funny, keeps sucking my cock. "o, you've been retweeted 67 times this week. average uis 6"

19:59:42 mircea_popescu: bla bla bla. clikc more please.

20:00:01 ThickAsThieves: like wtf is nightline now, product placement?

20:00:11 benkay: yeah but screw those ordinances, mp

20:00:24 benkay: they were all put in place to drive the boarding houses out of business

20:00:31 mircea_popescu: right-o.

20:00:45 mircea_popescu: so basically the model is, fuck your relationship with your landlord and the city hall

20:00:52 mircea_popescu: so -2-3k

20:00:57 benkay: my lease allows for subletting

20:01:01 mircea_popescu: and out of it we extract 50 bux and you can have 20

20:01:17 benkay: and the city halls rules benefit hotel owners at my expense

20:01:20 benkay: classic cartel shit

20:01:25 mircea_popescu: not really.

20:01:39 mircea_popescu: i wouldn't want to live next to some random penny-ante inkeeper in his mind.

20:02:01 benkay: with modern reputation tracking tools he'd be out of business rather quickly i imagine

20:02:07 mircea_popescu: freedom is great for rural areas. to live in a city you must necessarily be very, very submissive.

20:02:29 mircea_popescu: the only way people can pack that tight : everyone washes, everyone moves slowly etc

20:02:39 benkay: only true recently, though. see paris, london, rome?

20:03:30 benkay: washing is overrated; an artifact of the "smell good" industry.

20:03:38 mircea_popescu: lolk

20:03:48 benkay: that said, demand it of all partners.

20:04:00 mircea_popescu: even earlier. pick a time and place, they had some sort of town screwdown.

20:04:12 benkay: screwdown?

20:04:18 mircea_popescu: heck, you weren't even allowed in medieval german towns unless you were a burgher

20:04:31 davout: what is this washing thing everyone keeps talking about

20:04:41 mircea_popescu: actually something like that i'd like to see. costs you 100k a year to live in London. tyou don'ty like it, move to wolverhampton

20:04:52 mircea_popescu: and if you want to be a great burgher, 1.5mn

20:05:14 benkay: i did enjoy new york, but i couldn't swing the burgher's fee.

20:08:22 mircea_popescu: awell.

20:11:35 benkay: powerful motivator, those sparkly lights.

20:11:47 benkay: subject of, i recommend the new Gatsby flick.

20:12:10 davout: would you donate if vim displayed a bitcoin address on its splash screen ? (got a reply from bram molenaar after emailing him about it)

20:14:47 benkay: hahaha

20:14:56 mircea_popescu: maybe.

20:20:18 WILLdude: Hello

20:20:26 benkay: 'lo sir

20:21:13 mircea_popescu: u no come to disturb.

20:23:51 davout: ok, i'll push it, i'll promise a 5 BTC donation, can I tell him I have already some folks who committed to donating ?

20:25:39 Bunnyh: it might take a while until i get to see that address in debian stable. even a 0.01 BTC donation should be huge then

20:26:45 benkay: why not, davout?

20:26:46 davout: who knows, it could be in ubuntu pretty fast

20:26:55 benkay: just tell him you have 5btc line up

20:26:59 benkay: lined*

20:27:01 benkay: heck

20:27:03 davout: benkay: these are mine :-)

20:27:04 benkay: offer it as abounty

20:27:26 benkay: yeah i ain't gonna

20:27:45 benkay: honestly i'd rather donate to tim pope

20:28:03 davout: benkay: that's fine :) just looking to promise him some sexier amount with the help of some other bitcoin-tards

20:28:18 benkay: but that's neither here nor there. the point is to put a bitcoin tip address on all of the splash screens amirite?

20:35:49 davout: benkay: the point is to help molenaar to help the kids from uganda and at the same time spread the bitcoin love to all the geeks that use vim

20:50:49 truffles: oh is it split time

20:51:18 ThickAsThieves: hey mp, I got a reply from CampBX

20:51:21 ThickAsThieves: about the MSB#

20:51:25 ThickAsThieves: "We have received this question a lot, and the direct answer is that our application is under review by FinCEN. However to be honest compliance is far more complicated so boiling it down to FinCEN check box is overly simplistic."

20:51:55 davout: also they'd need to register in all 50 states, which is horribly expensive

20:55:14 mircea_popescu: mkay so what's the #

20:55:26 ThickAsThieves: do you get a nuber for applying?

20:55:45 ThickAsThieves: number*

20:55:54 mircea_popescu: well of course

20:56:09 mircea_popescu: how do they know they're under review ?

20:56:32 mircea_popescu: got a brick through the window scribbled in lipstick with "your application is under review, don;'t call us we'll call you" ?

20:56:48 ThickAsThieves: that's what i assumed

20:57:00 ThickAsThieves: bricks are no good here?

20:57:05 mircea_popescu: yeah it's how it normally works.

20:57:14 jurov: means fincen received the application and preemptively lost/misfiled it

20:57:47 mircea_popescu: lol. anyway.

20:58:34 mircea_popescu: anyway, funny. "are you a doctor ? " "yes i am" "where's your diploma ?" "Well i'm in school and really being a doctor is more of a philosophical point

20:58:44 mircea_popescu: boiling it down to the diploma checkbox is terribly simplistic"

21:00:39 jurov: whats with these americans. karpeles uses existing company to move money and thinks it will be fine

21:01:01 jurov: cuz the company was not doing it before, so all shall be fine

21:01:23 ThickAsThieves: is Mark american?

21:01:32 ThickAsThieves: he seems awfully foreign

21:01:37 ThickAsThieves: other than all the pizza

21:01:48 davout: http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

21:02:29 ThickAsThieves: no bulbul

21:02:33 ThickAsThieves: no campbx

21:02:41 davout: look for bitinstant

21:02:45 davout: you'll find them

21:02:50 davout: the form is real :D

21:03:25 ThickAsThieves: bitfloor is there

21:04:03 davout: vim donations thread : http://bitcointalk.org/index.php?topic=207559.new#new

21:04:06 ThickAsThieves: ;;tslb

21:04:10 ThickAsThieves: ;;bc,stats

21:04:25 ThickAsThieves: ;;nethash

21:04:30 mircea_popescu: it dropped ?!

21:04:45 ThickAsThieves: it was too new

21:04:49 ThickAsThieves: to be accurate

21:04:51 ThickAsThieves: before

21:04:58 ThickAsThieves: ;;estimate

21:05:11 ThickAsThieves: or

21:05:14 ThickAsThieves: it dropped

21:05:15 ThickAsThieves: :/

21:05:20 jurov: any prediction for difficulty for July 17?

21:05:38 ThickAsThieves: likely AM will be mining at 250TH by then

21:05:52 ThickAsThieves: likely Avalon batch 2 will have shpped as well

21:06:09 ThickAsThieves: also possible some avalon chips will be in use

21:06:23 ThickAsThieves: my prediction: quite high

21:06:27 WILLdude: Hello

21:06:46 ThickAsThieves: oh

21:06:57 ThickAsThieves: i almost forgot BitFury

21:07:03 ThickAsThieves: masters of the universe

21:08:18 jurov: ThickAsThieves: would you buy iDiff-O July shares at 0.18?

21:08:41 ThickAsThieves: hmm

21:08:48 ThickAsThieves: i'd need to run the numbers

21:08:51 ThickAsThieves: but possibly

21:09:10 ThickAsThieves: what date

21:09:15 jurov: July 17

21:10:09 ThickAsThieves: so 5 or 6 diff changes

21:10:42 ThickAsThieves: yeah

21:10:47 ThickAsThieves: i'd probly buy

21:11:53 jurov: ok, there won't be many at that price, i'll let know when i'm done

21:12:01 ThickAsThieves: i'm tied up

21:12:06 ThickAsThieves: atm

21:12:41 ThickAsThieves: would need 4-12hrs

21:37:07 Namworld: Would like to bulk buy a bit of SatoshiDice shares if anyone is selling at a discount.

21:38:17 jurov: lol they are already selling at a discount

21:39:13 jurov: and what about G.MPOE? i'm slowly taking over the passthrough just by virtue of having sole bid at 0.00055 :D

21:41:30 jurov: https://bitfunder.com/asset/CoinBr.iDiff-O July is open. All cheaper shares than 0.195 were bought out by TAT.

21:44:35 Namworld: jurov: I mean if someone wanted to sell a larger amount at current bids.

21:44:45 Namworld: There's not a lot of depth

21:44:54 Namworld: and I can't put my BTC everywhere

21:45:08 Namworld: So I need to kno on if it's direct or a PT

21:46:47 jurov: hm, okay

22:32:18 inhies: ThickAsThieves: why your shares so high on havelock

22:32:20 inhies: geez man

22:37:51 ThickAsThieves: people keeping buying them

22:37:58 ThickAsThieves: most of those asks arent even me!

22:37:59 davout: ;;gpg eauth davout

22:38:46 davout: ;;gpg everify freenode:#bitcoin-otc:33527822c4e878cb911948a043fefaf86b790e179a148dbb567ee12b

22:38:51 Scrat: gj davout

22:39:05 davout: Scrat: what

22:39:13 Scrat: nuffin

22:39:18 davout: am i supposed to msg gribble ?

22:39:27 Scrat: yep

22:39:30 davout: lol

22:39:37 Namworld: Preferably

22:39:44 davout: lol sorry for the noise

22:39:46 jcpham: ;;ident davout

22:39:48 Scrat: but i guess it doesn't matter since assbot is spamming this channel 24/7

22:39:56 jcpham: ;;gettrust davout

22:39:56 Scrat: ;;ident jcpham

22:40:18 jcpham: ;;getrating davout

22:40:36 davout: i don't use otc enough

22:40:56 jcpham: ;;rate davout 1 yep

22:41:17 davout: hah thanks, but why do you even rate me ? :-)

22:42:00 jcpham: you can't stop the flow

22:42:05 davout: jcpham: LOL

22:42:13 jcpham: don't try

22:42:20 jcpham: :)

22:43:20 jcpham: mostly because i've read a good bit of your posts on the forum and i know how intelligent you are

22:44:11 davout: jcpham: it's actually my wife writing all the intelligent posts, i just maintain the asshole-ness level over 9000

22:44:40 jcpham: nice

22:44:48 davout: but thanks it's nice of you to day that :-)

22:46:19 davout: s/day/say/

22:46:24 davout: gribble: Error: "yo" is not a valid command.

22:46:33 davout: i suck at this x)

23:26:29 KRS1: LTC is on GOX now?

23:27:10 Bugpowder: where?

23:30:50 KRS1: i see it in the api

23:30:55 KRS1: but no interface

23:31:15 ThickAsThieves: its been in the api for a long long time

23:31:23 ThickAsThieves: since before april fool's day

23:31:29 ThickAsThieves: when this whole hoopla began

23:32:28 ThickAsThieves: ok, maybe not a long long time

23:32:36 ThickAsThieves: but since before litecoiners noticed

23:33:40 Namworld: it's been on the api for a long while

23:33:44 Namworld: but not implemented yet

23:33:55 Namworld: It was planned like a long time ago

23:34:02 Namworld: Like in April I think

23:34:09 Namworld: But got put aside

23:34:21 Namworld: Instead gox improved their platform

23:34:28 Namworld: so it lags less now

23:36:41 taub: asks are getting pulled

23:50:52 Bugpowder: taub asks are getting eaten

23:55:40 taub: or that

23:56:06 taub: havent been paying attention to the close range book, just the overall sums

23:57:39 taub: yes you're right :)