Transcript for 21-06-2013, 1159 lines:
00:33:00 mircea_popescu: hm, anyone here uses AurumExchange ?
00:33:19 mircea_popescu: "Effective immediately, we are discontinuing all business operations pending a business model review. At this time we are unsure when, and if we will resume operations in the future."
00:35:52 optimator: humm, I think Aurum was a way to get money into gox
00:38:56 cole_albon: mircea_popescu I take issue with your classification of the English speaking world. Like you, I have a seat on mpex and I personally was trying to pitch s.dice shares in a white suit at San Francisco meetups a full two months before you showed up on your blog in a white suit.
00:40:51 mircea_popescu: cole_albon i see!
00:41:05 mircea_popescu: how did that go ?
00:44:40 cole_albon: mircea_popescu: the only thing that has kept me from financial ruin has been a day job and a few hundred thousand ripples. (I assume that's the entity you were talking about) Today was the first time in my life I've gone to mpex.co and been pleasantly surprised. I'm a believer again, at least for now, and I will be wearing the white suite to work tomorrow.
00:46:04 mircea_popescu: hm
00:46:20 Bugpowder: you don't sound fully mentally stable
00:50:04 cole_albon: It's not that bad, I just have been a little irritated about mp stealing the white suit thing and the trash talking against English speakers such as myself just put me over the edge.
00:50:48 mircea_popescu: you know the white suit pic is kinda old.
00:50:58 mircea_popescu: i just change the header seasonally.
00:51:07 cole_albon: sure it is...
00:52:19 mircea_popescu: 2009, ye know ?
00:52:32 cole_albon: okay, fine. I'll shut up.
00:52:45 cole_albon: congrats by the way.
00:52:56 mircea_popescu: thanks
00:53:10 mircea_popescu: you know your trolling is sorta like fat men dancing
00:53:54 cole_albon: I don't know what that means
00:55:47 mircea_popescu: well have you ever seen fat men dancing ?
00:57:13 cole_albon: I said I would shut up, so...
01:04:11 furuknap: Again for your consideration: http://bfmines.com/2013/06/21/escrow-details-and-ipo-process/
01:10:25 ThickAsThieves: ;;nethash
01:16:20 dub: furuknap: who is that?
01:16:33 furuknap: Who is what?
01:16:35 dub: and also what is that
01:16:44 Bugpowder: I got 2 BTC on the spurs....
01:16:48 dub: that to which your link refer
01:16:49 Bugpowder: anyone else?
01:16:55 furuknap: The asset? That's my new mining asset.
01:17:30 Namworld: Bugpowder: spurs?
01:17:51 mircea_popescu: link ?
01:18:08 Bugpowder: NBA Finals, Game 7?
01:18:12 Bugpowder: nobody?
01:18:21 Bugpowder: LeBron James?
01:18:47 Namworld: Erhm...
01:19:42 dub: Bugpowder: is that with the egg shaped ball thingy?
01:19:52 dub: or with the ice skates
01:20:32 Bugpowder: sigh
01:20:44 Bugpowder: Yall need to become more well rounded
01:20:53 Bugpowder: get off the computer and watch some TV
01:21:58 dub: yessir gonna watch me some sports, beat the kids, tie up the wife and call in a whore
01:22:21 mircea_popescu: tie up the wife and call in a whore << sounds like a winner.
01:22:25 dub: pass me my 'turkey
01:22:35 mircea_popescu: it's pabst blue ribbon.
01:22:51 mircea_popescu: now look in the cam and say "i'm white trash and im on irc!"
01:23:30 dub: yall come back now y'eard
01:23:32 KingCoin: lol
01:23:48 KingCoin: bitcoin4life
01:24:19 Namworld: I never understood the interest in watching sports...
01:24:36 dub: depnds on a sports
01:24:52 Namworld: Play sports, yes... just watch... It's boring, like reality TV shows.
01:25:03 dub: if I want to watch a black dude bouncing balls up and down a court I get a mirror
01:27:39 Bugpowder: There is an artistry to the pinnacle of sport
01:30:19 mircea_popescu: check this shit out.
01:30:23 Namworld: Well I never found it quite impressive. Unless maybe some rare moments... but show me only the best feats.
01:30:29 mircea_popescu: archival ? there's one post left out of what, 10-20 pages
01:30:35 mircea_popescu: and it's bny a guy scamtagged
01:30:46 Namworld: Otherwise, I'll skip the countless hours consisting the rest of the games.
01:36:31 Namworld: What is this activity stat that popped up, replacing post count?
01:36:58 mircea_popescu: no idea
01:45:32 mircea_popescu: no acrtually its a good idea.
01:45:43 mircea_popescu: sorta like a gloryhole for laptops.
01:46:24 dub: I'm gonna plant a bunch of them wired up to mains power
01:46:34 aknap3: think of the viruses you can catch doing that
01:46:48 mircea_popescu: use linux.
01:46:52 dub: well thats best case yeah
01:47:11 aknap3: already do
01:47:47 aknap3: tempted by mac these days tho -- get the BSD environment plus the bright and shiny
01:48:23 jborkl_: i thought he was referencinh the viruses from sticking your dick in glory hole
01:48:28 mircea_popescu: point being, if every brick in a wall contains an usb unit
01:48:34 mircea_popescu: good luck mpaa-ing
01:48:46 aknap3: jborkl_ was meant as a bit of a pun, yes
01:48:56 jborkl_: i know
01:49:14 dub: aknap3: theres just the looking like a tool problem
01:49:43 aknap3: well there ought to be a few people here who have experience coping with that
01:49:52 aknap3: maybe they can help
01:51:22 dub: tbh you lost me at BSD
01:51:42 dub: I'd rather stick my dick in a blender
01:52:46 [\]: I hear that's all the rage these days
01:53:15 Bugpowder: I have now lost 20BTC at just-dice
01:53:20 Bugpowder: jesus christ
01:53:51 Bugpowder: you can just hold down a hotkey and bet continuously
01:55:18 random_cat: i prefer hornet's nests
01:55:37 mircea_popescu: vegans
01:56:14 random_cat: church of appliantology members
02:04:59 cole_albon: bug powder do you have a link? ripplebandit may need an upgrade.
02:08:03 cole_albon: I just found it apparently bugpowder can't answer because he's still betting.
02:08:29 Bugpowder: what?!?
02:08:36 Bugpowder: link for what
02:08:39 Bugpowder: I was betting
02:17:16 Bugpowder: I think S.DICE is dead
02:17:25 cole_albon: Thanks bugpowder. Wow that site looks fun.
02:17:27 Bugpowder: just-dice is so much better
02:17:40 Bugpowder: and the big worry always was the betting pool
02:17:50 Bugpowder: but dooglus has crowdsourced it
02:17:57 Bugpowder: its semi-genius
02:18:14 Bugpowder: in less than 24 hours, betting pool is up to 1600BTC
02:18:20 furuknap: Betting pool?
02:18:22 Bugpowder: with 1% of pool as max profit
02:18:27 furuknap: Link, please?
02:18:29 Bugpowder: the BTC backing the site
02:18:59 furuknap: Ah. The site simply doesn't load in my browser so I can't see anything except HTML2.0 style buttons and crap.
02:19:05 Bugpowder: oh weird
02:19:08 Bugpowder: what browser?
02:19:16 furuknap: IE something.
02:19:26 Bugpowder: its pretty slick
02:19:28 Bugpowder: there are hotkeys
02:19:41 Bugpowder: for changing the betting, odds, and rolling
02:19:47 Bugpowder: roll over or under your number
02:19:52 Bugpowder: arbitrary odds
02:19:54 Bugpowder: chatbox
02:20:03 Bugpowder: and you can bet up to 50x/sec
02:20:09 furuknap: That's what I see. Not very slick... :-(
02:20:25 Bugpowder: lolwut
02:20:57 furuknap: I'm sure it's great. I don't gamble so no worries, just wondered what the dooglus was up to :-)
02:21:16 Bugpowder: Also, I have become convinced that erik wants to kill S.DICE
02:21:42 Bugpowder: The legal risk is outweighing his additional cashout oppotunities
02:21:53 Bugpowder: this is why he hasn't responded to the competition.
02:33:46 mircea_popescu: o, it's dooglus' thing ?
02:35:13 Namworld: It looks so weird on that screenshot, furuknap
02:35:35 Namworld: I prefer Coinroll. Almost the same thing.
02:36:12 Namworld: Coinroll now has more bets than SD (bets count, not volume)
02:38:17 Bugpowder: Does coinroll have a trollbox?
02:38:28 Bugpowder: that is key for the full casino experience
02:40:33 Namworld: No trollbox
02:40:52 Namworld: Maybe it requires one!
02:41:31 mircea_popescu: so basically dooglus makes 1% of 1%
02:41:34 Bugpowder: Try just-dice... Doog is giving away .01BTC to all new users
02:41:45 Bugpowder: mircea_popescu: Yes, and whatever he has backing as well
02:41:48 mircea_popescu: if 1mn is bet on jd his take is 100btc, and this is gross
02:41:49 Bugpowder: he has 250BTC in it
02:42:00 Bugpowder: so he gets about 15% now
02:42:09 Bugpowder: plus 1% of 1% of volume
02:42:16 Bugpowder: I think he should take 5% of the profits
02:42:20 Bugpowder: but I'm not complaining
02:42:23 mircea_popescu: no point in mixing his capital in there.
02:42:30 Bugpowder: well
02:42:37 Bugpowder: I think it made sense for the first few hours
02:42:44 Bugpowder: but then I sniffed out an opportunity
02:42:55 Bugpowder: and helped out the funding level
02:43:06 Namworld: How much you put in?
02:43:08 mircea_popescu: i mean. calculating the profit for the thing is distinct from calculating his investment roi
02:43:12 mircea_popescu: no point mixing the two
02:43:26 Bugpowder: I made 10% on ROI between 2-5am while I slept
02:43:33 Bugpowder: lucky run though
02:43:46 Bugpowder: I'm sure others will dilute my share
02:43:53 Namworld: I've forwarded your suggestion as such to Scrat, Bugpowder
02:43:53 Bugpowder: already has happened
02:43:53 mircea_popescu: i think the variance from noob investors going in/out might prove too much to handle.
02:44:00 Namworld: [22:41] <Namworld> Bugpowder suggests Coinroll needs a trollbox (chatbox)
02:44:00 Namworld: [22:42] <Namworld> For all the bragging, insulting, jestering and idle chatter needs of the Internet populace.
02:44:07 mircea_popescu: the genius idea is actually a very bad idea, but anyway.
02:44:24 Bugpowder: why is it bad?
02:44:37 Bugpowder: it certainly doesn't maximize Doogs profit
02:44:49 mircea_popescu: it will wreck the site.
02:44:49 Bugpowder: but I think it is optimal for other investors
02:44:52 Bugpowder: how so?
02:45:07 mircea_popescu: the casino needs money one time and one time only : when it just lost.
02:45:18 mircea_popescu: this model ensures he has money one time and one time only : when it just won.
02:45:22 mircea_popescu: total mismatch.
02:45:28 Bugpowder: I dont think so
02:45:45 Namworld: If douglus doesn't get 100% of profits to put back in the bankroll, it keeps him from raising it if no new investors come in. And investors get away with most of the profits.
02:45:45 mircea_popescu: what can i tell you.
02:46:05 Bugpowder: 100% profits are distributed proportionally and instantly after each bet
02:46:08 Bugpowder: into the bankroll
02:46:11 mircea_popescu: to idiots, basically.
02:46:25 mircea_popescu: your theory about s.dice may be correct. if it is, erik fucked up.
02:46:34 mircea_popescu: the same will happen here, but not because dooglus fucks up
02:46:40 mircea_popescu: because dooglus has no control over it.
02:46:56 Bugpowder: The max profit on the bet is 1% of the roll
02:46:57 Namworld: Erik was supposed to have account based option long ago... he has to update.
02:47:11 Bugpowder: Erik had the money to innovate
02:47:23 Bugpowder: he chose not to, maybe because of no competiton
02:47:32 Bugpowder: but now there is comp
02:47:43 Bugpowder: much better sties
02:47:43 Namworld: These new dice games require only a single payment, and retain the provably fair element. Then people can spam the bet button 10 times a second. Quite addictive.
02:48:04 Bugpowder: S.DICE is running on momentum, and established trust
02:48:11 Bugpowder: and possibly Eriks bots
02:49:05 Namworld: Coinroll/PrimeDice have had about 15000 BTC monthly betting volume, each.
02:49:31 Namworld: That's significant albeit a small share of SD betting volume.
02:49:52 Namworld: For new websites, it's decent.
02:51:43 Bugpowder: Lebron is redic
03:30:45 ThickAsThieves: ;;ticker
03:33:10 dub: did power figures for BFL single come out?
03:53:12 furuknap: Holy crap, that was close...
03:53:39 furuknap: Note to self: never trade stocks after the third glass of wine. I filled out the Buy section instead of Sell section... :-(
04:02:44 dub: lol this Garr drama is funny
04:02:48 dub: what an idiot
04:04:20 jborkl_: he is the treasurer and got caught trolling and outbidding himself
04:04:29 jborkl_: what a asshat
04:04:57 dub: fucking children these days
04:05:35 dub: I was talking about him bitchign at Josh and having his orders shitcanned, missed any other drama
04:05:49 dub: and outing his socky
04:08:28 jborkl_: yeah that all in the same thread
04:09:31 dub: I'mjust looking for power numbers from the OP
04:10:59 dub: I hope they went through with cancelling his orders
04:12:03 dub: I don't even
04:12:42 dub: I'd honestly pay to have that guy beaten into a vegetable state
04:13:19 ThickAsThieves: like Idaho?
04:13:47 dub: yes
04:14:04 dub: only because its goign to take a lot of beating to get there from korea
04:19:24 jcpham: The Economics of Bitcoin Mining, or, Bitcoin in the Presence of Adversaries
04:25:14 dub: this Xian01 guy is 100$ retarded
04:25:32 dub: https://bitcointalk.org/index.php?topic=236794.msg2522733#msg2522733 he's taking legal advice from a probation officer?
04:38:30 dub: oh wow, just saw the shill bidding thread
04:57:45 jcpham: yeah those garr225threads are golden
04:58:12 jcpham: i forget abouthe mass fuckery happening constantly on that forum
05:04:43 dub: dude is a bag of dicks
05:26:01 jcpham: <tiberiusiv> you jokers are solving problems like how many tomatoes you can grow on farmville
05:26:28 KingCoin: lol
05:27:47 ThickAsThieves: tib lives?
05:27:49 ThickAsThieves: heh
05:27:55 jcpham: not anymore
05:28:00 ThickAsThieves: oh
05:28:01 jcpham: gmaxwell banhammer'd
05:28:09 ThickAsThieves: haha
05:28:17 ThickAsThieves: so banned from here then banned from there
05:28:30 jcpham: it's a commom theme
05:28:33 jcpham: i was hinting at it
05:28:46 jcpham: inflammatory statements
05:46:09 dub: he lasted longer in here than he did in -analysis
05:51:50 truffles: <jcpham> <tiberiusiv> you jokers are solving problems like how many tomatoes you can grow on farmville >>> geez internet so sensitive
05:53:46 dub: oh hey its truffles
05:54:07 dub: did you see the vid we found of your parents first date truffles?
05:55:32 truffles: my parents met in a pub apparently
05:55:36 truffles: still together
05:56:00 truffles: 30+ years later
05:56:03 truffles: i could only hope
05:56:10 truffles: for the same or better
05:56:11 ThickAsThieves: maybe put a hose to them?
05:56:20 ThickAsThieves: i hear that gets em unstuck
05:56:37 truffles: ?
05:59:19 truffles: omg
05:59:34 truffles: "im going back to reddit. its not safe here"
05:59:41 truffles: i feel the same as top comment
06:01:00 dub: this isn't traditional finnish pastime?
06:01:09 ThickAsThieves: lol
06:01:14 ThickAsThieves: wtf is that
06:01:20 ThickAsThieves: why use her mouth?
06:01:25 dub: reindeer castration
06:01:31 dub: TRADITION
06:01:47 ThickAsThieves: always sensible
06:01:50 truffles: dub believes everything he see's on screen
06:02:04 dub: on internet = true
10:14:09 Chaang-Noi: hmm at 3 btc even after the "low" dividend
10:20:52 [\]: Chaang-Noi: rough problem, eh?
10:21:20 [\]: usually by now, its getting ready for the weekend dip so we'll see just what sort of support there is.
10:21:36 Chaang-Noi: i was just shocked, i expected it to be around 2.5
10:21:41 Chaang-Noi: im waiting for 3.5ish to sell more
10:21:50 Chaang-Noi: if we enver get there, ill just hold
10:22:12 Chaang-Noi: i expected the crazy market to see the "low" divdend and panick, im glad im wrong
10:22:30 [\]: as long as the dividends remain stable, there's no reason to sell unless a person has an awesome selling opportunity or needs quick coins
10:24:35 Chaang-Noi: yeah, i think we will hit 3.5
10:24:44 Chaang-Noi: much over 3.5 im not sure
10:24:54 [\]: that's what people have said about 3 too :D
10:24:56 Chaang-Noi: ill hold some incase something crazy happens and we get near 5
10:25:03 Chaang-Noi: i doubt i will hold after 5...
10:26:01 [\]: lol
10:26:08 [\]: but what if it shoots to 10?
10:26:18 Chaang-Noi: i left money on the table
10:26:22 [\]: just do the "sell half and hold" method
10:26:36 [\]: each time it goes up a btc, sell half an hold
10:26:45 Chaang-Noi: at 5? i might keep a bt, but im sure 90% will be gone
10:26:46 [\]: with sufficient qty, you'll still make money and not miss the wave
10:27:04 Chaang-Noi: i dont think 10 is realistic at all
10:27:14 Chaang-Noi: much over 5 i dont think so, id have to run the numbers again
10:36:41 Chaang-Noi: dat spread
11:04:24 gyovanni: w/ 51
11:44:09 mjr_: what up all\
11:44:14 mjr_: congrats mircea_popescu
11:44:27 Scrat: must be nice to be mircea_popescu
11:44:32 mjr_: hehehe
11:44:59 mircea_popescu: hm ?
11:46:37 mjr_: mircea_popescu: am i correctly seeing that as giving you a valuation of roughly 24 million dollars?
11:46:57 Scrat: 80 million or something
11:47:02 mjr_: huh?
11:47:07 mjr_: 5% staek
11:47:09 mjr_: stake
11:47:40 mjr_: for around 4326000
11:47:55 mjr_: ;;calc 20 * 4326000
11:48:27 mjr_: Scrat: you are right
11:48:33 pankkake: 5% steak
11:48:36 mjr_: ~86 million
11:49:16 mircea_popescu: well it was 1/4 bn earlier thisd year
11:49:23 mircea_popescu: or w/e
11:49:33 mjr_: hehehe, nice
11:49:41 mjr_: anyways, very nice work
11:49:48 mjr_: finance begins and ends here
12:14:11 dub: crazy escalation on page 7. Blah blah blah blah. .... The only bitch I see is the one gargleing pedophile cum while he slams wordz onto the screen with his man boobs he earned playing hours of WoW.
12:14:21 mircea_popescu: wait what ?!
12:14:34 dub: emo rage into a purple jizz pool of unicorn cum about completely unreasonable shit
12:14:41 Chaang-Noi: yeah i loled when i saw that
12:35:00 mircea_popescu: dub kinda lulzy
12:35:02 mircea_popescu: "PS: I came damn near to tearing your apology to pieces, but now can't, you fuckin' lucky bastard. "
12:46:11 ThickAsThieves: there it is
12:48:39 davout: looks like the mtgox lolfest is starting to make some sense
12:48:52 pankkake: why?
12:49:12 davout: seems it is actually the correspondent banks that prevent international USD wires from going through
12:49:29 davout: which makes perfect sense if you understand how international wires work
12:49:37 pankkake: oh
12:50:30 pankkake: so: "can I give you money?" "no"
12:54:35 mircea_popescu: pankkake more like "so you're marked for death" "yeah"
12:54:55 mircea_popescu: bs collapsed on the POSSIBILITY of banks refusing their correspondence.
12:55:58 davout: mircea_popescu: howso
12:56:00 pankkake: bs?
12:56:14 Chaang-Noi: bank of scotland
12:56:19 Chaang-Noi: i assume
12:56:27 pankkake: wow
12:57:12 mircea_popescu: what do you mean how so. how so tho which part.
12:57:30 mircea_popescu: pankkake bs as in Bear Stearns
12:59:50 davout: mircea_popescu: howso, in "what do you mean? the correspondent bank thing is bs and that theory collapsed? or did you mean something else?"
13:00:36 mircea_popescu: bear stearns was a highly leveraged and thus risky money handler.
13:00:48 mircea_popescu: correspondence in this context means accepting someone's promises to pay.
13:00:48 Chaang-Noi: bear stears was a personal thing, lol
13:00:48 Chaang-Noi: stearns
13:01:01 mircea_popescu: the other banks were possibly going to stop corresponding with bs
13:01:06 pankkake: oh, TAT.AM @ 0.03
13:01:06 mircea_popescu: which led to it's immediate collapse.
13:01:23 mircea_popescu: mtgox is an exotic and therefore risky money handler.
13:01:28 ThickAsThieves: <@assbot> [BTCTC] [ASICMINER-PT] 8 @ 3.1 = 24.8 BTC [+]
13:01:32 mircea_popescu: the us banks are currently refusing its correspondence
13:01:40 mircea_popescu: possibly on the grounds of the doj indictment
13:01:41 Chaang-Noi: <mircea_popescu> bs collapsed on the POSSIBILITY of banks refusing their correspondence. i think you are understating the issue, it was more than a possibility.
13:01:45 Chaang-Noi: im saying it was pretty much a sure thing
13:04:19 davout: mircea_popescu: not sure about that, they don't accept mtgox's correspondence directly, but the correspondence of the jp bank
13:04:43 mircea_popescu: no, actually. they're not going to cut out mizuho
13:05:02 mircea_popescu: buit they ARE cutting mtgox's stuff. sooner or later mizuho will have to say sorry you can't bank here.
13:05:09 davout: and that's probably the reason their USD assets abroad didn't get frozen, because they're not in mtgox's name, but pooled by the mizuho at some random correspondent
13:06:19 davout: nobody said they're going to cut out mizuho, i'm saying that it's technically possible for correspondents to filter out mtgox's flows but not possible to freeze the assets since they are probably pooled by mizuho on a US account at one/many of their correspondent(s)
13:06:20 mircea_popescu: i doubt it.
13:07:18 davout: that the funds are pooled?
13:07:21 mircea_popescu: yeah.
13:07:56 davout: why woudln't they be ? that's exactly the kind of stuff banks do, take money, pool it together and decide what belongs to whom based on their books
13:08:18 davout: and that's the exact regulatory crux faced by exchanges, at least in europe
13:08:37 mircea_popescu: yeah but it;s also a slightly different point.
13:08:49 davout: proceed
13:09:39 mircea_popescu: currently mizuho is eating a lot of overhead handling the mtgox situation, exactly because the reporting involved in that pooling is being made more ciomplex and more expensive
13:09:42 mircea_popescu: by an identifiable source.
13:11:25 davout: i don't think so, because i don't think they're having issues servicing mtgox, i think their issues are more likely related to getting pressured from lots of different sides
13:12:00 mircea_popescu: ...
13:12:10 mircea_popescu: listen, suppose i have a pipe to your house.
13:12:16 mircea_popescu: normally i send oil. ocasionally i send farts.
13:12:30 mircea_popescu: do you suppose soon enouigh we'd have a deal whereby it's ok to send farts, but i have to notify you when i do ?
13:12:36 ThickAsThieves: natural gas
13:12:39 mircea_popescu: right.
13:13:27 ThickAsThieves: depends on how i feel about farts i guess
13:13:40 ThickAsThieves: i'd rather have the oil tho
13:13:46 mircea_popescu: right.
13:15:49 davout: mtgox flows being classified as farts by correspondents is what i mean by "getting pressured from lots of different sides"
13:18:29 mircea_popescu: but you're thinking backwards.
13:18:43 davout: only when moonwalking
13:18:50 mircea_popescu: see, if you take a credit and then receive a letter from the bank saying you are late on repayment
13:18:56 mircea_popescu: you are NOT being pressured by the bank.
13:19:04 mircea_popescu: it's what you said you were gonna fucking do yourself!
13:19:12 davout: yes, absolutely
13:19:16 mircea_popescu: rigjht. same thing.
13:19:31 davout: (i spare you the spelling backwards for the sake of both our mental sanity)
13:19:36 mircea_popescu: lmao
13:23:52 Scrat: lol at gox support https://bitcointalk.org/index.php?topic=239434.msg2539468#msg2539468
13:24:03 Scrat: engrish
13:28:25 ThickAsThieves: the client that wanted email signup in their email newsletter "what I read from newsletter marketing is to accommodate those who are forwarded the newsletter and then want to sign up. So, I thought it was a great idea as people do talk about our e-newsletter and we encourage them to pass it along."
13:28:35 mircea_popescu: "High-Grade Structured Credit Strategies Enhanced Leverage Master Fund" possibly the best name ever.
13:28:56 ThickAsThieves: they wanna improve their mktg and this is what the y prioritize...
13:29:13 ThickAsThieves: god forbid someone forwarded the email mnight actually visit the website
13:29:24 mircea_popescu: ThickAsThieves dude can you implement a signup form in my buysiness card ?
13:29:37 ThickAsThieves: i really was wondering if she'd ask that
13:30:10 ThickAsThieves: this is also like how people insist on having this on their business card:
13:30:15 ThickAsThieves: email@example.com
13:30:17 ThickAsThieves: me.com
13:30:29 ThickAsThieves: their reasoning
13:30:40 ThickAsThieves: people won't know me.com is my website from my email address
13:31:08 ThickAsThieves: of course the website already also appears elsewhere too
13:31:19 mircea_popescu: at one point i was having simple Mircea Popescu business cards
13:31:25 mircea_popescu: just to pisso ff people
13:31:33 ThickAsThieves: i've done that for people
13:31:45 ThickAsThieves: this guy that owned a bunch of Arby's
13:32:05 pankkake: it works if your name isn't common
13:32:10 mircea_popescu: and if they protested i'd be all "but you know google, right ?"
13:32:20 ThickAsThieves: he ended up in jail for statutory rape
13:32:27 mircea_popescu: wait what!
13:32:42 ThickAsThieves: no related
13:32:44 ThickAsThieves: but true
13:33:02 mircea_popescu: lol k
13:33:04 ThickAsThieves: he owes me like $3400 too
13:33:06 mircea_popescu: which statue did he rape ?
13:33:07 ThickAsThieves: lol
13:33:25 ThickAsThieves: roonald macdonald obv
13:34:19 ThickAsThieves: he always bleached his teeth to often to he was always making this weird skelton face from the pain
13:34:25 ThickAsThieves: too*
13:34:49 ThickAsThieves: i think he was from Louisiana
13:34:55 ThickAsThieves: cajuns...
13:35:30 davout: ThickAsThieves: degenerated genes
13:38:37 mircea_popescu: heh
13:45:04 davout: - see honey?
13:45:24 davout: - here's the cow i fuck when you have your headaches
13:45:39 davout: - you fucking idiot it's not a cow, it's a chicken
13:45:47 davout: - i wasn't talking to you
13:46:52 jcpham: terrible
13:46:55 mircea_popescu: lmao
13:47:29 jcpham: ...well on fridays we have chicken sex jokes
13:48:49 ThickAsThieves: ;;nethash
13:49:10 ThickAsThieves: ;;;gribble
13:49:18 ThickAsThieves: .d
13:49:34 ThickAsThieves: <ozbot> 19339258.27239 | Next Diff in 1335 blocks | Estimated Change: 1.1902% in 9d 3h 45m 12s
13:50:34 [\]: we haz no gribble
13:50:35 [\]: gribble on vaca
13:50:46 ThickAsThieves: <ozbot> 140162.098373
13:51:30 ThickAsThieves: .bait
13:53:13 davout: ThickAsThieves: you had me at "http"
13:54:44 mircea_popescu: nice tit.
13:55:40 Jezzz: i can join ozbot if you like
13:55:47 Jezzz: not sure who's in charge here
13:56:07 ThickAsThieves: no one is, but kakobrekla is
13:56:58 mircea_popescu: Jezzz i imagine it'll be fine if its not spammy
13:57:24 ThickAsThieves: i think ozbot can only be instigated
13:57:31 ThickAsThieves: nothing automatic
13:58:05 ThickAsThieves: joining AssetBot however, would get us all the Bitfunder tickers
13:58:27 mircea_popescu: "In the last 20 years, I can count on one hand all the times I've been accused of wrongdoing (all unjustified, with the exception of one, for at night, all goats look the same, and I swore he was one of mine). "
13:58:31 mircea_popescu: bwahaha
13:58:52 davout: read that too, lold hard
13:59:13 Jezzz: ThickAsThieves: i believe assetbot was already shot down here
13:59:35 Jezzz: but yeah, ozbot is quiet unless instigated :)
13:59:38 pankkake: oh ass in assbot means asset
13:59:44 mircea_popescu: mwahaha
14:02:45 ThickAsThieves: what if you just put assetbot in, then we all fall in love with it, then kako boots it, then we all yell at kako, then he gives in?
14:02:50 ThickAsThieves: sounds like a plan, no?
14:04:00 davout: pankkake: yeah, most porn is posted by mircea_popescu here, not by assbot
14:04:25 Jezzz: ThickAsThieves: lol
14:04:33 mircea_popescu: it's not porn, it's lub.
14:04:51 Jezzz: i'll fire up ozbot and will just kill if if whoever is in charge says no
14:10:16 Jezzz: i think bait might be appreciated here also
14:10:32 jcpham: i like bait
14:21:26 ThickAsThieves: gox unleases a wall of text on facebook
14:21:36 ThickAsThieves: please forgive me for incoming wall
14:21:44 ThickAsThieves: Dear Mt. Gox Customers and Bitcoiners,
14:21:45 ThickAsThieves: The reaction since yesterday’s statement regarding the temporary suspension of U.S. dollar withdrawals has had mixed reactions, and raised more than a few questions about why we had to take this step right now. Rather than be subject to inaccurate speculation we’d like to clarify some points here. Due to pending matters we are unable to get into everything in great detail, though
14:21:45 ThickAsThieves: we’d certainly love to and are looking forward to the opportunity.
14:21:48 ThickAsThieves: 1) The problem with the U.S. withdrawals (and even other currencies for that matter) is that our bank can no longer handle the volume of withdrawals. They struggled in the last two months, and the increase due to the Dwolla separation has made it increasingly more difficult. The pressure we brought onto the bank’s resources finally gave in, and we are now working with them to find an
14:21:49 ThickAsThieves: alternative method (hence the suspension). We would have preferred to give notice if we were able to, but it was sudden for us as well.
14:21:57 ThickAsThieves: 2) We are now working with new banks and alternative methods for transmitting money to our customers. This does not mean we are stopping entirely within the next two weeks, but it will be slower than we would like. We are literally going to use our manpower to process withdrawals ourselves, manually. This will take more time, but we are dedicated to doing as many per day as possible.
14:21:57 ThickAsThieves: We announced a suspension in order to manage expectations while we deliver at a temporary reduced rate. Our goal is to have a new system set up in the next weeks with clarity for both the banks and for our customers.
14:22:09 ThickAsThieves: 3) Our previous release was rather vague, but for a reason. Mainly, we don't want to upset our bank! They do great work, but our kind of business is completely new to the banking industry. Processing international wires does not just involve pushing a button. It requires real manpower processing everything individually, even in this modern computer age. While Bitcoin's power lies in
14:22:09 ThickAsThieves: its ability to transfer fast and securely through software, the rest of the financial world does not operate like that (contrary to popular opinion). Money is surprisingly analog in many ways, and scarily digital in others.
14:22:21 ThickAsThieves: 4) Every customer’s funds are safe, sound, and accounted for. In fact, in our dealings with the Japanese financial regulators we have been assured that we are not under local pressure or suspicion and can operate as usual within normal legal frameworks.
14:22:32 ThickAsThieves: 5) Mt. Gox is certainly not a martyr, but it would be hard to argue that we aren’t "taking one for the team" as far as Bitcoin is concerned. We are a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and a media that still doesn't quite understand what Bitcoin is. This is a job we are happy to fill, and not just because we are compensated for it. Our
14:22:32 ThickAsThieves: hope is that, once Bitcoin finds its place, we will be able to say that we made a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers are rising up to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in the meantime too.
14:22:42 ThickAsThieves: 6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning.
14:22:49 ThickAsThieves: 7) The new trading engine is finished, is smokin’ fast, and is currently undergoing bench tests. We’re looking forward to deploying it very soon.
14:22:56 ThickAsThieves: While not the most in-depth update we'd like to give, we hope that it has at least clarified a few things. In the next few weeks we are planning to do another AMA on Reddit when we’ll hopefully be able to answer many more questions and also shed some light on what’s been going on at Mt. Gox these past months. Thank you for your patience and support.
14:22:59 ThickAsThieves: end
14:23:38 Jezzz: .r
14:23:40 ozbot: Gox | Buy: $109.26 Sell: $109.98 Last: $109.26 High: $115.01 Low: $107.62
14:23:41 ozbot: Weex | API Error
14:23:42 Jezzz: .d
14:23:43 ozbot: 19339258.27239 | Next Diff in 1334 blocks | Estimated Change: 1.0268% in 9d 3h 43m 36s
14:23:44 Jezzz: .n
14:23:45 ozbot: 140162.098373
14:23:47 Jezzz: etc
14:25:04 kakobrekla: what
14:25:13 kakobrekla: where is gribble
14:25:28 Jezzz: dunno. wasn't my turn to watch him.
14:26:11 ThickAsThieves: the TLDR of the Gox post = We are victims of our own success, you're welcome. Litecoin coming in July, maybe.
14:26:15 ThickAsThieves: cue ltc rally!
14:26:47 ThickAsThieves: ltc rally already started
14:27:01 Jezzz: .lr
14:27:03 ozbot: BTC-e | Buy: $2.64 Sell: $2.62 Last: $2.62 High: $2.65 Low: $2.15
14:27:12 ThickAsThieves: up 35%
14:27:33 ThickAsThieves: sorry
14:27:36 ThickAsThieves: 15%
14:27:39 ThickAsThieves: :/
14:27:54 ThickAsThieves: just give it a minute
14:27:55 ThickAsThieves: :)
14:32:19 mircea_popescu: ThickAsThieves that was uniquely retarded.
14:32:45 mircea_popescu: "japan's 2nd largest back was struggling with our volume. they handle paychecks for all of japan fine"
14:33:23 mircea_popescu: "this has been going on for months. while we'd have loved to follow mp's example and give notice of events ahead of time (such as for isntance http://polimedia.us/fraudsters/2013/in-the-interest-of-full-disclosure-failed-social-engineering-attempt-and-0day-vulnerability-in-betadesk/ ), it was sudden for us as well."
14:33:34 ThickAsThieves: well that's why it's such a surprise to everyone
14:33:39 mircea_popescu: totally.
14:33:57 mircea_popescu: oddly enough they didn't say the two weeks (tm)
14:34:04 Scrat: I doubt that wire transfers go through an API
14:34:09 ThickAsThieves: they did tho
14:34:09 mircea_popescu: im not sure you're allowed to be a bitcoin scam w/o that.
14:34:13 mircea_popescu: a they did ?
14:34:15 ThickAsThieves: they just cant actually say it
14:34:22 ThickAsThieves: they said litecoin in july maybe
14:34:27 mircea_popescu: ip issues huh
14:34:27 ThickAsThieves: 2 weeks away!
14:34:48 mircea_popescu: "Every customer?s funds are safe, sound, and consensual"
14:34:53 ThickAsThieves: and they already said USD suspended for 2 weeks
14:35:01 ThickAsThieves: this really is kinda amazine
14:35:09 ThickAsThieves: this whole 2 weeks phenom
14:35:34 jcpham: just 2 weeks yo
14:35:44 jcpham: bitcoin business are amazing things in general
14:36:01 mircea_popescu: ThickAsThieves it is the future horizon of bitcoin management as a collective.
14:36:07 ThickAsThieves: it's kind alike bitcoin's "the check is in the mail"
14:36:08 mircea_popescu: which is why everyone seems 15.
14:37:27 ThickAsThieves: maybe i'll make shirts that say 2 Weeks, Bro
14:37:58 jcpham: i'll buy it
14:38:09 jcpham: get with imsaguy on Coming Soon! (trademark)
14:45:58 ThickAsThieves: foiled by BTCT manual withdrawals once again :(
14:49:54 mircea_popescu: ?Americans remind us for cutting short the propaganda of sodomy among minors and at the same time they stick their noses into personal correspondence of tens of millions of citizens?, Zheleznyak said.
14:49:58 mircea_popescu: teh duma is not impressed.
16:11:17 Chaang-Noi: https://www.facebook.com/MtGox/posts/484532824964463 i dont do facebook is this real??
16:11:29 ThickAsThieves: yes
16:12:09 Chaang-Noi: ltc is jumping
16:12:15 Chaang-Noi: i guess the market thiks it is real
16:13:31 kakobrekla: ) Mt. Gox is certainly not a martyr, but it would be hard to argue that we aren?t "taking one for the team" as far as Bitcoin is concerned. We are a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and a media that still doesn't quite understand what Bitcoin is. This is a job we are happy to fill, and not just because we are compensated for it. Our hope is that, once Bitcoin finds its place, we will be able
16:13:48 kakobrekla: say that we made a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers are rising up to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in the meantime too.
16:14:33 kakobrekla: ok this one is rich too
16:14:33 kakobrekla: 6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We?re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning.
16:14:47 kakobrekla: its too late from doing things correctly from the begining
16:14:51 kakobrekla: for
16:14:55 kakobrekla: not from
16:18:42 Chaang-Noi: AM at 3.1? wow
16:18:48 kakobrekla: O_o
16:19:18 Chaang-Noi: yeah
16:19:29 mircea_popescu: more money is teh solution
16:19:40 Chaang-Noi: cant hurt
16:19:40 kakobrekla: i dont hold any
16:19:47 kakobrekla: that whole thing is too much of a ghetto
16:20:02 Chaang-Noi: AM a ghetto?
16:20:11 kakobrekla: isnt it
16:20:32 Chaang-Noi: i dont know, but it has made me enough fiat to buy a ghetto
16:21:02 kakobrekla: im not arguing that
16:21:32 Chaang-Noi: i dont really follow.
16:21:54 kakobrekla: well its a poor asset making lots of money
16:22:02 kakobrekla: how is this not followable
16:22:17 Chaang-Noi: how is it poor? do they not have the most money in all of btc land?
16:22:41 kakobrekla: by an unstrict definition of poor :)
16:23:01 kakobrekla: brb 3min
16:23:07 Chaang-Noi: lol ok
16:25:44 mircea_popescu: well it makes ~.4% a month and some people argue that it does have a future, that they have a way out of the commodified market tarpit and other things.
16:26:08 mircea_popescu: could be worse.
16:27:17 Chaang-Noi: it makes ,4% a month? it has made over 50% a week at times. oh... you did not buy at the ipo price i guess....
16:27:47 Chaang-Noi: you ahve to admit 50% of money invested a week is pretty solid
16:28:01 Chaang-Noi: even if the averages is only like 30% invested returned weekly
16:36:35 mircea_popescu: seems there's a rash fo these
16:36:37 ozbot: Bitfunder account compromised
16:38:41 Chaang-Noi: svbeon is a troll
16:39:02 Chaang-Noi: he has more than one accounts and is even try to say he is garr255
16:39:03 ThickAsThieves: it's scmmers
16:39:07 ThickAsThieves: claiming to be scammed
16:39:10 Chaang-Noi: this
16:39:23 ThickAsThieves: i lookd into em
16:39:26 ThickAsThieves: as did others
16:39:26 jcpham: so i guess all of you guys have cock puppets accounts
16:39:32 jcpham: oops
16:39:34 ThickAsThieves: i dont
16:39:34 jcpham: *sock
16:39:36 ThickAsThieves: believe it or not
16:39:43 jcpham: i don't either
16:39:47 mod6: i dont
16:39:48 pankkake: how do you know I put my cock in puppets? :(
16:39:51 jcpham: not sure i endorse or believe in it
16:39:58 Chaang-Noi: i have the TyGrr-PR account but was only used once and to troll my gox
16:40:08 Chaang-Noi: not used it in over a year
16:40:11 Chaang-Noi: maybe 2 years
16:40:20 jcpham: catching someone with a sock account just seems icky to me
16:40:43 jcpham: kinda makes me think the person has a mental issue
16:40:48 mircea_popescu: ThickAsThieves is it ?
16:40:59 Chaang-Noi: if you use it for different things fine, like garr to run cog, and warner to troll whatever fine, but to bid in own auctions and that shit, yeah more than icky
16:41:13 ThickAsThieves: yes, the BF people claiming ti be scammed,
16:41:18 ThickAsThieves: have connected wallets
16:41:23 mircea_popescu: jcpham well, i'm the only one that doesn't even have an account but still has a sock >D
16:41:24 ThickAsThieves: and sell spyware in old posts
16:41:32 jcpham: scammers
16:41:33 mircea_popescu: ThickAsThieves ooo
16:41:35 Chaang-Noi: and buying bfl accounts
16:41:46 mircea_popescu: is this documented anywhere ?
16:41:48 Chaang-Noi: he bitched cuz he was sold bad bitcointalk accounts, i loled so hard
16:41:49 ThickAsThieves: and CAPTCHA shenanigans
16:41:49 jcpham: i doubt they lost anything
16:42:07 Chaang-Noi: yeah mp, you are getting trolled here
16:42:15 ThickAsThieves: i didnt bother quoting the posts
16:42:22 ThickAsThieves: i'm not a moderator n shit
16:42:33 ThickAsThieves: i just thought it smelled fishy
16:42:37 mircea_popescu: ic
16:42:38 ThickAsThieves: and i was right
16:42:59 mircea_popescu: a;ways best to make a little opastebin
16:43:04 mircea_popescu: since you're there anyway
16:44:19 ThickAsThieves: i'll be a more responsible slueth in the future
16:44:26 ThickAsThieves: sleuth?
16:44:32 ThickAsThieves: private dick
16:44:36 ThickAsThieves: gumshoe
16:44:39 ThickAsThieves: etc
16:44:48 mircea_popescu: hehe
16:59:40 kakobrekla: get your popcorn out https://bitcointalk.org/index.php?topic=238474.msg2542461#msg2542461
16:59:54 kakobrekla: the last quote is kinda new
17:01:29 ThickAsThieves: oh geez
17:01:33 mircea_popescu: I hereby confess to bidding up my own auctions using the "Werner" forum handle. This is despicable, I know. I did this out of pure greed. Scamming anyone was not the priority, getting a few extra measly bitcoins for Cognitive's auction was my goal
17:01:33 ThickAsThieves: fkn idiot
17:01:49 mircea_popescu: lol we don't even have bitcoin banks yet,
17:01:53 mircea_popescu: we already have bitcoin bankers
17:02:30 ThickAsThieves: because he got caught, he will be a good person now
17:02:32 ThickAsThieves: heh
17:02:53 ThickAsThieves: nice fancy font for his signature
17:02:58 mircea_popescu: can't blame him. ambition and the atmosphere of "o look, Y asset made .5% more than you, you suck!"
17:03:06 mircea_popescu: ie, exactly what caused the banking crysis
17:03:10 mircea_popescu: teh problem is being american really.
17:03:29 ThickAsThieves: personally, i find it so much easier to be honest
17:03:36 ThickAsThieves: no bullshit to keep track of
17:03:55 mircea_popescu: yes but then how are you to compete!!!1
17:04:12 ThickAsThieves: i'm doing okay so far
17:04:28 ThickAsThieves: i guess i could be doing WAY better if i cheated
17:04:45 mircea_popescu: short term investors. this is one of the many reasons they're not to be encouraged
17:04:51 mircea_popescu: they induce misbehaviour in management.
17:07:16 ThickAsThieves: yeesh
17:13:16 benkay: it's easy to cheat on exams. i think perhaps it's literally impossible to cheat on building real things. one can cheat idiots out of their gold, but then one isn't really building things, amirite?
17:16:43 kakobrekla: building a cheatery
17:17:01 mircea_popescu: i guess you're rite.
17:17:16 mircea_popescu: problem is politics isn't about building anything, it's about making people shut the fuck up
17:34:25 ThickAsThieves: .d
17:34:26 ozbot: 19339258.27239 | Next Diff in 1301 blocks | Estimated Change: 3.2397% in 8d 17h 13m 20s
17:34:43 ThickAsThieves: .nethash
17:34:44 ozbot: 143509.241011
17:38:15 thestringpuller: mircea_popescu: I SUMMON THEE
17:38:22 thestringpuller: APPEAR OH FEARLESS LEADER
17:38:38 thestringpuller: A trilemma is a difficult choice from three options, each of which is (or appears) unacceptable or unfavourable.
17:38:49 mircea_popescu: writing bbl.
17:39:00 thestringpuller: i want t credits
17:39:03 thestringpuller: gimme credits yo
17:39:07 thestringpuller: is that address still good?
17:39:13 thestringpuller: how much I owe you
17:44:59 Jezzz: .bait
17:47:08 pankkake: .bait
17:48:17 kakobrekla: too old
17:48:27 pankkake: exactly
17:48:30 pankkake: .bait
17:48:43 pankkake: boring
17:51:21 Jezzz: :)
17:51:28 Jezzz: .boobies
17:51:45 Jezzz: meh
17:51:48 Jezzz: no boobies in that
17:51:58 kakobrekla: scam
17:52:03 Jezzz: .boobies
17:52:17 Jezzz: better
17:52:19 kakobrekla: thats harly bobbies
17:52:21 kakobrekla: hardly
17:52:31 thestringpuller: .boobies
17:52:32 kakobrekla: like half of one.
17:52:44 Jezzz: win
17:52:54 jordandotdev: hey guys do I have to have an MPEX account to trade on here or this any sort of broker service?
17:53:06 kakobrekla: just like bitcointalk, 2 out of 3 are scam
17:53:11 thestringpuller: where is jurov when you need him
17:53:20 kakobrekla: jordandotdev follow the link in the topic
17:53:36 jordandotdev: karobrekla I did ... wasn't a ton of info
17:53:47 kakobrekla: did not?
17:53:57 kakobrekla: the shit is listed on the right side of the page
17:54:43 kakobrekla: anyway, coinbr is mpex broker
17:54:51 kakobrekla: thats is what you are looking for i guess
17:55:05 jordandotdev: well yes, I don't necessarily want to spend 30BTC for a seat on MPEX
17:55:10 jordandotdev: or whatever the fee is
17:55:26 jordandotdev: I believe that's it so I was looking for an explanation, how shares are assigned if you deal through a broker etc.
17:55:40 kakobrekla: ;;seen jurov
18:00:42 ThickAsThieves: i feel like these DMS assets are gonna implode
18:01:16 ThickAsThieves: something isnt right with them
18:03:48 benkay_: ;; seen smickles
18:06:24 Namworld: There's easier methods... like just transfering the damn money.
18:08:17 ThickAsThieves: LibertyBit, a bitcoin exchange registered in Canada has announced its temporary closure. It says that this has come as a result of bank account closures and fraudulent account activity. The exchange had been acclaimed by Reddit users for use of the Google Authenticator for two-factor authentication to increase security. Ultimately, this has not helped the business remain trouble free.
18:11:46 mod6: i haven't seen any of the trades post to @MPEx1 -- is that because of mpexbot being gone?
18:11:57 mod6: well, not since the 11th of june...
18:12:21 ozbot: MPEx (MPEx1) on Twitter
18:13:03 benkay_: functional infrastructure is overrated. just look at LibertyBit.
18:14:54 mod6: ;;seen mpexbot
18:15:19 mod6: damnit gribble! lol
18:15:53 benkay_: ;; seen smickles
18:16:00 benkay_: daaaaag.
18:18:21 thestringpuller: mod6:
18:18:23 thestringpuller: mod6:
18:18:24 thestringpuller: mod6:
18:18:28 thestringpuller: is it snowing again?
18:18:31 thestringpuller: jkjk
18:19:06 mircea_popescu: thestringpuller sup ?
18:19:06 ozbot: The state, banking and Bitcoin pe fraudsters - Un blog de Mircea Popescu.
18:19:39 mod6: thestringpuller: naw, not today. but lastnight we got hammered by some nasty thunderstorms until about 6am
18:20:15 mod6: sirens going off a bunch of times etc. thought we might get a tornado.
18:20:23 mircea_popescu: Jezzz do it right man. http://girls.twistys.com/preview/dum/062013/06-16-2013/brettrossi-p/photos/13.jpg
18:20:35 Jezzz: looks like ozbot was offended
18:20:52 mircea_popescu: jordandotdev you can use coinbr.com
18:21:17 jordandotdev: thank you mircea_popescu
18:21:35 mircea_popescu: mod6 the mpexbot is not related to the twitter acct
18:22:25 mircea_popescu: and i have no idea why twitter is not publishing
18:22:38 mod6: mircea_popescu: i didn't think it was, but just thought i'd ask.
18:22:41 mod6: thx
18:22:54 kakobrekla: i am sweeping the dictionary in the inonosphere with military intelligence looking for steve case, but i only see scully
18:23:02 mircea_popescu: scully ?!
18:23:05 mircea_popescu: da fuck is that ?
18:23:10 kakobrekla: dunno
18:23:11 kakobrekla: doesnt say.
18:23:19 mircea_popescu: Priavacy
18:23:20 mircea_popescu: lmao
18:23:56 mircea_popescu: veggie
18:24:03 kakobrekla: jihad supercomputer.
18:26:56 ThickAsThieves: enjoyed the post mp
18:27:14 ThickAsThieves: wouldve liked to read more detail about possible futures
18:27:15 chsados_: whoo asicminers blowin up
18:27:44 ThickAsThieves: and what parts of the past will/should/might be saved
18:29:35 mircea_popescu: ya well, how should i know
18:30:25 ThickAsThieves: some leader you are!
18:30:44 thebombdoe: hey
18:31:21 ThickAsThieves: bitcoin is not on the list of terrorist words
18:32:02 mircea_popescu: i wonder if mp makes it to the list before btc.
18:32:55 benkay_: "who think the others are at most a resource and in general not a very valuable one"
18:32:59 benkay_: lolololol white america
18:33:58 thebombdoe: is there a site to see all the places tobuy bitcoin stocks
18:34:22 ThickAsThieves: mpex.co
18:34:26 ThickAsThieves: coinbr.com
18:34:33 ThickAsThieves: btct.co
18:34:37 ThickAsThieves: bitfunder.com
18:34:47 ThickAsThieves: havelockinvestments.com
18:35:02 ThickAsThieves: those are the most frequented
18:35:05 ThickAsThieves: then you have
18:35:10 ThickAsThieves: picostocks.com
18:35:17 ThickAsThieves: cryptostocks.com
18:35:30 ThickAsThieves: and maybe some others of ill repute
18:35:56 jcpham: never heard of any of those
18:36:03 mod6: haha
18:37:15 ThickAsThieves: as always, invest only what you wish to lose
18:37:17 ThickAsThieves: ;)
18:37:58 kakobrekla: thebombdoe you are on it
18:43:30 mod6: Bubba the love sponge and E.T. are in the basement debubgging their defcon presentation, something about data havens and World Domination.
18:49:10 thebombdoe: haha thanks guys :) thickasthieves, thanks for all your work :) i own a fair number on havelock
18:49:53 mod6: Top Secret: Bring your mossberg, quiche and cocaine to the speakeasy, after all it is 1984.
18:51:32 ThickAsThieves: np!
18:51:49 kakobrekla: must be btc killer or smth https://bitcointalk.org/index.php?topic=240048.0;topicseen
18:53:39 thebombdoe: now introducing ocinbit!
18:53:54 thebombdoe: whoops, coinbit*
18:56:17 ozbot: Bitcoin Address 15HpBoo2DqaeJPW28ATzZMNnUTfqZQYA9H
18:56:22 mircea_popescu: soo garr repaid the treasury.
18:56:50 Namworld: Now introducing thecointhatwantedtobebetterthantherestbyattackingtheirestablishedfortresswithaslingshotbecauseithasnothingtoofferbutbeingpunyclonecoin
18:58:06 thebombdoe: it will take time, but garr will be okay in the long run, i think
18:58:25 kakobrekla: eh?
18:58:44 Namworld: eh, eh?
18:59:09 ThickAsThieves: garr will be okay cuz noobs
18:59:13 ThickAsThieves: probly only reason
18:59:13 mircea_popescu: nothingtoofferbutbeingpunyclonecoin << missed an a
18:59:22 kakobrekla: --
18:59:22 kakobrekla: Hello kako,
18:59:22 kakobrekla: You've probably been wondering what's been happening with Crypto Street. We've been working closely with various regulatory agencies and things are taking a bit longer than we had hoped. In the mean time, we've revamped our engine and shifted to a crypto-only exchange. That means that (for now) you won't be able to fund your account with USD, but we hope that'll change soon.
18:59:24 Namworld: dammit
18:59:31 mircea_popescu: https://bitcointalk.org/index.php?topic=239841.msg2542423#msg2542423 pretty lulzy
18:59:39 ozbot: FREE MONEY - Buy zero days, get 25% profit
19:00:18 kakobrekla: "we are victioms of our own success thats why no fiat trading"
19:01:13 kakobrekla: these are the third bringing fx to bitcoin guys or smth
19:01:18 kakobrekla: or fourth
19:01:27 kakobrekla: i mean
19:01:29 kakobrekla: wall street
19:01:31 kakobrekla: sry
19:02:03 ThickAsThieves: are corporate espionagers victims of success or the cause of it?
19:02:07 thebombdoe: \haha
19:03:56 ozbot: Depositing a Little Common Sense into the Law
19:06:12 ThickAsThieves: so $5000 deposits from now on
19:06:13 ThickAsThieves: got it
19:09:43 topace: just dont do multiple $5000 deposits
19:11:07 thebombdoe: or any
19:12:58 ThickAsThieves: but how much of my money is it okay for me to have?
19:13:19 jcpham: ^
19:13:25 jcpham: and on what time scale right?
19:17:56 thebombdoe: i hold 45k bitcoinsand 4500k usd
19:18:30 thebombdoe: JUST KIDDING, more like .4bitcoins and 45 dollars ahah, poor highschool kid here
19:19:39 ThickAsThieves: are you Will?
19:24:25 thebombdoe: nah
19:25:09 jcpham: ^ needs screenshot
19:25:10 thebombdoe: Name is Nate, im a lucker on the bitcoin talk forms haha.
19:25:42 jcpham: i hold about 4500 btc
19:25:47 jcpham: in case it rains
19:26:02 thebombdoe: wanna donate one to my college fund?
19:26:13 jcpham: psssh
19:26:25 jcpham: what is college going to teach you
19:26:35 thebombdoe: haah true
19:26:51 thebombdoe: how about a small gift for becoming an Eagle Scout
19:26:58 jcpham: degrees are nice if you can afford them
19:27:07 mod6: btc merit badge
19:27:28 jcpham: there's a larger and larger percentage of americans who cannot afford college
19:27:43 jcpham: so it seems less valuable than it used to to me
19:28:05 thebombdoe: thereis an advanded computing merit badge, maybe one day we will see a btc history one ahah
19:28:20 thebombdoe: and i am agreed, its 45K a year for an average school
19:28:43 jcpham: 45k yearly is arguable middle class where i live
19:28:57 jcpham: so a middle class citizen can afford college but nothing else
19:29:03 jcpham: no food, no shelter, no fun
19:29:22 jcpham: just institutionalized learning
19:29:29 ozbot: GCHQ taps fibre-optic cables for secret access to world's communications | UK news | guardian.co.uk
19:29:34 jcpham: so you can socialize with your peers at your new career
19:29:36 ThickAsThieves: "SNOWDEN SAYS TEMPORA IS BIGGER THAN PRISM"
19:29:42 thebombdoe: are you in the states?
19:30:12 thebombdoe: and pretty much... its 45k a year to drink and fuck as many people as you can without failing
19:30:37 jcpham: terrible
19:30:38 ozbot: Kickstarter bans seduction guides after backlash over funding 'rape manual' | The Verge
19:31:01 thebombdoe: damn
19:34:37 jcpham: it's not even a rape manual
19:34:45 jcpham: msogynist maybe
19:35:00 jcpham: FellowTraveler of OT does the same thing
19:37:10 mircea_popescu: sooo kickstarter figures it's just like a bank
19:37:14 mircea_popescu: except without any actual requirements
19:37:58 ThickAsThieves: kickstarter is okay because it's web 3.0,bro
19:38:24 jcpham: kickstarter seems overtly sensitive to lady pressure
19:38:38 ThickAsThieves: thats what happens when you hire women
19:39:06 benkay_: nah, that's what happens in america. half the country is in this 'privilege' and 'rape culture' mindspace.
19:39:13 ThickAsThieves: by the looks of things, men will fill the reverse role soon
19:39:21 pankkake: wasn't the "feminist" who whined male?
19:39:24 ThickAsThieves: wives make all the money decisions
19:39:31 jcpham: ^
19:39:38 jcpham: funniest shit i've read all day
19:39:46 jcpham: that's why americans are broke too
19:39:50 mircea_popescu: lol
19:40:14 ThickAsThieves: men are all about being stay at home dads now
19:40:22 ThickAsThieves: getting fat and chilling
19:40:29 jcpham: i do that sometimes myself
19:40:35 jcpham: it's fun to pretend to work all day
19:40:35 ThickAsThieves: women want power
19:40:40 thebombdoe: men are lazy
19:40:48 ThickAsThieves: its a role reversal
19:40:52 benkay_: pankkake male feminists are super popular in america these days
19:40:55 ThickAsThieves: men are not properly engaged
19:40:59 thebombdoe: i enjoy being glutenous
19:41:05 pankkake: they're the worst
19:41:10 benkay_: the bombdoe full of gluten?
19:41:28 ThickAsThieves: he means he's soft
19:41:29 benkay_: meh. the whole country can't get its head around proper power structures.
19:41:47 thebombdoe: yes
19:41:52 thebombdoe: being fat is the best
19:41:57 thebombdoe: haah brb
19:41:59 benkay_: the dominant paradigm is that you're born entitled to rights, which rapidly expands to being born entitled to fairness.
19:42:34 benkay_: world however is unfair and trying to make it fair is not a good use of energy.
19:43:03 ThickAsThieves: the other extreme isnt that great either
19:43:15 ThickAsThieves: so we must push and pull
19:43:24 benkay_: i just seek power
19:43:30 ThickAsThieves: i seek freedom
19:43:39 ThickAsThieves: probly the same thing
19:43:43 benkay_: topologically identical?
19:44:21 ThickAsThieves: yet we spend out days not excercising power nor roaming free
19:44:24 ThickAsThieves: our*
19:44:31 benkay_: well, first one must acquire it.
19:44:44 ThickAsThieves: in a sense we already have it
19:44:55 benkay_: do go on
19:45:01 ThickAsThieves: just stop
19:45:10 ThickAsThieves: stop playing the game
19:45:14 benkay_: ah yes, the mendicant lifestyle.
19:45:21 benkay_: can't say as it appeals terribly.
19:45:32 benkay_: you see i enjoy buying girls flowers
19:45:50 ThickAsThieves: you can pick them yourself
19:45:58 benkay_: and mendicants are smelly and unlikely to find access to the sweetest of ladyparts
19:47:06 ThickAsThieves: i guess
19:47:09 benkay_: also i don't really mean flowers, i mean the various shiny objects they covet.
19:47:34 ThickAsThieves: so you like the game
19:47:39 ThickAsThieves: most do
19:47:55 benkay_: there is only the game
19:48:17 benkay_: paper chase or pussy chase, there is only the game.
20:00:17 Jezzz: .r
20:00:20 ozbot: Gox | Buy: $109.50 Sell: $109.99 Last: $109.99 High: $115.01 Low: $107.57
20:00:20 ozbot: Weex | API Error
20:02:29 benkay: .
20:02:33 benkay: .help
20:02:33 ozbot: All commands can be processed in channel or in PM
20:02:34 ozbot: Commands: .bait .count .diff .earn .exchange .nethash .rates .lcrates .tslb
20:02:43 benkay: .exchange
20:02:43 ozbot: Usage: exchange [amount] [currency_from] [currency_to]
20:02:56 benkay: scuse me. moving to pm
20:27:27 dooglus: hi guys
20:27:46 dooglus: I hear Mr. P wants a word?
20:28:29 jborkl_: what is your site again dooglus, I have not even checked it out
20:28:37 ThickAsThieves: MP says youre doing it wrong :)
20:29:38 parseval: Good time to sell :)
20:29:43 ThickAsThieves: glad to see you here dooglus
20:32:01 dooglus: heh, I'm not surprised
20:33:02 ThickAsThieves: here's the relevant commentary
20:33:04 ThickAsThieves: [22:44] <mircea_popescu> the genius idea is actually a very bad idea, but anyway.
20:33:04 ThickAsThieves: [22:44] <Bugpowder> why is it bad?
20:33:05 ThickAsThieves: [22:44] <Bugpowder> it certainly doesn't maximize Doogs profit
20:33:05 ThickAsThieves: [22:44] <mircea_popescu> it will wreck the site.
20:33:05 ThickAsThieves: [22:44] <Bugpowder> but I think it is optimal for other investors
20:33:05 ThickAsThieves: [22:44] <Bugpowder> how so?
20:33:05 ThickAsThieves: [22:45] <mircea_popescu> the casino needs money one time and one time only : when it just lost.
20:33:06 ThickAsThieves: [22:45] <mircea_popescu> this model ensures he has money one time and one time only : when it just won.
20:33:06 ThickAsThieves: [22:45] <mircea_popescu> total mismatch.
20:41:22 dooglus: the casino needs money to be able to offer bets though, right? I don't know whether the player will win or lose until he plays, so I have to have money to back his bet
20:43:20 ThickAsThieves: are you retaining enough of the winnings for yourself?
20:43:39 ThickAsThieves: to further dev, design, promo, etc?
20:45:47 dooglus: I don't know, to be honest. I charge a 1% commission on investor net profits per week
20:45:49 parseval: Not necessarily, dooglus.. You could have players bet against each other. Kind of like bitbet with a 'market prediction' system where you take a rakeback
20:46:31 dooglus: and have a part of the bankroll myself. I don't need to make much for the site to support itself
20:46:45 dooglus: if 1% isn't enough, I'll increase it
20:48:20 ThickAsThieves: oh, so the arrangement with investors is not binding?
20:48:28 ThickAsThieves: yu can take whatever cut you chose?
20:49:05 benkay: that's a great deal!
20:50:52 parseval: If I ever start a security, I need some kind of Benevolent Dictator for Life clause
20:51:27 ThickAsThieves: i have a lesser version in mine
20:51:29 parseval: But then I'd only sell off a portion of the shares, so if it came to voting I'd have all of the sway anyway
20:51:38 ThickAsThieves: no voting rights
20:51:50 ThickAsThieves: and i reserve the right to do whatever is in the best interest of shareholders
20:52:51 ThickAsThieves: mostly i just dont wanna deal with cotes
20:52:52 ThickAsThieves: votes
20:53:03 benkay: s/votes/plebes
20:53:26 benkay: man, you're chasing freedom and running a thing where you have shareholders
20:53:34 benkay: with concomittant obligations
20:53:49 ThickAsThieves: not that i want to
20:53:51 ThickAsThieves: but
20:53:55 ThickAsThieves: i can close them anytime
20:53:58 benkay: is this a perpetual hustle? how do you plan to extricate yourself?
20:54:18 ThickAsThieves: well with TAT.AM
20:54:29 ThickAsThieves: I have several ways
20:54:36 ThickAsThieves: I could pass it to someone else
20:54:54 ThickAsThieves: or I could give everyone direct shares in echange
20:54:57 ThickAsThieves: or such
20:55:06 ThickAsThieves: with TATVM
20:55:11 ThickAsThieves: Ihave two methods of buyout
20:55:30 ThickAsThieves: and ability to pass to someone else as well
20:55:46 ThickAsThieves: which would be a bit more tricky in that case
20:55:59 ThickAsThieves: since they are backed
20:56:05 ThickAsThieves: and have daily payouts due
20:57:32 benkay: you've spent a serious amount of time building your identity and trust therein. handing that over is going to be extremely nontrivial.
20:57:54 ThickAsThieves: depends who I hand it to
20:58:07 benkay: ofc
20:58:24 ThickAsThieves: but
20:58:24 benkay: but the usual suspects have their hands somewhat full
20:58:36 ThickAsThieves: this is not the path currently anyway
20:58:45 ThickAsThieves: growth is still impending
20:59:50 ThickAsThieves: I have several seeds still germinating, just a matter of which will be harvested first
21:00:05 benkay: best of luck
21:01:05 benkay: where do you announce your new projects?
21:01:05 ThickAsThieves: luck separates the brave from the foolish
21:01:52 ThickAsThieves: when they are ready, as forum threads
21:02:07 ThickAsThieves: otherwise, in private conversations with people in the know
21:02:16 ThickAsThieves: god, I sound like mp...
21:02:46 benkay: tactics of competence
21:03:01 ThickAsThieves: I will have an announcement soon though
21:03:06 ThickAsThieves: less than a week
21:04:49 parseval: Such a wide spread today
21:05:13 parseval: 2.89 - 3.27
21:05:13 aknap3: it's just options coming due
21:05:23 ThickAsThieves: buyers dont have day jobs I guess
21:08:56 parseval: I really need to make that candlestick graph
21:09:23 parseval: A couple of people hit me up on Google+ asking for it
21:33:57 kakobrekla: LMAO
21:33:58 kakobrekla: >If you mistrust Garr255, use the trust system. I'm not going to remove anyone from the default trust network for rating Garr255 negatively. But scammer tags require a more severe crime than just going against the expectations of bidders.
21:34:03 kakobrekla: ~theymos
21:47:33 ThickAsThieves: We have standards when it comes to scammers, cmon now!
21:48:48 ThickAsThieves: we dont go all willy nilly pointing out just any scammer
21:51:28 mircea_popescu: i bet you that a full investigation would reveal every single auiction ever conducted on that forum had shill bidding
21:52:05 benkay: hm
21:52:38 benkay: auctions, man.
21:57:43 ThickAsThieves: Jurov, where are the iDiff-Es?
21:58:56 taub: no cuts no butts no coconuts
22:02:35 dub: pretty sure shill bidding is illegal in some places
22:02:54 ThickAsThieves: bitcointalk aint one of em
22:03:09 dub: whats theymos trust rating looking like?
22:04:17 ThickAsThieves: i bet most dont have the balls to rate him negatibe
22:04:20 ThickAsThieves: v
22:06:39 jborkl_: The way it is now, If you negrated him- you could be negrated by 50 shill accounts correct?
22:07:08 mircea_popescu: all wots have an originator. negrating him is nonsense anyway
22:07:19 ThickAsThieves: .bait
22:07:28 jborkl_: I mean on the forum
22:07:37 jborkl_: that is what TAT was referring to
22:07:48 ThickAsThieves: mp is right
22:08:08 jborkl_: well, I agree it is dumb- not arguing that
22:08:38 mircea_popescu: "-Epic Talent Acquisition for Cryptocurrency Enterprise Demands"
22:08:49 mircea_popescu: soon enough they'll start writing in german
22:09:04 aknap3: mein Leben!
22:09:30 mircea_popescu: jborkl_ not a matter of dumb necessarily more like meaningless. you are using his system (therefore trusting it) to express... your lack of trust in him.
22:09:33 ThickAsThieves: where do i sign up?
22:09:35 mircea_popescu: how doth this work, logically.
22:09:41 mircea_popescu: .bait
22:10:01 mircea_popescu: sorta hit and miss
22:10:13 ThickAsThieves: nice having ozbot around tho
22:12:00 aknap3: ok. done buying. Price may resume rising now
22:12:08 aknap3: carry on :)
22:12:51 mircea_popescu: another perpetual mining bond is going to be trade on BTCT.CO SOSLOVE868
22:13:08 ThickAsThieves: this is the way the world ends!
22:13:18 mircea_popescu: srsly, if you need proof the shit's a dfucking scam
22:13:35 mircea_popescu: what better than "Every noob is making one"
22:14:14 ThickAsThieves: Deprived won though
22:14:28 ThickAsThieves: he made is a blackhole
22:14:30 ThickAsThieves: his
22:14:59 ThickAsThieves: how cheap do you want your PMB? Coming right up!
22:15:19 benkay: when do you anticipate assplosion of failure, TAT?
22:16:36 ThickAsThieves: when the supply of amatuer professional bitcoin investors is exhausted
22:20:40 mircea_popescu: lol
22:21:50 benkay: has the supply of amateur professional investors been exhausted in the traditional markets?
22:22:00 benkay: will it ever in this?
22:22:39 ThickAsThieves: hmm
22:22:45 ThickAsThieves: maybe instead,
22:23:11 ThickAsThieves: when a more appealing carrot is engineered
22:24:19 mircea_popescu: benkay yes, actually. once actual investors become the majority,
22:24:34 mircea_popescu: the type of retards causing the problems get pissy about being marginalised and move
22:24:36 ThickAsThieves: what's the higher order of ponzis and rapidly commoditized markets?
22:24:53 benkay: higher order?
22:24:59 ThickAsThieves: fractional banking?
22:25:11 ThickAsThieves: ripple?
22:25:21 mircea_popescu: i'd say stuff like picostocks
22:25:24 ozbot: Garr255/Werner - Auction shilling
22:25:45 mircea_popescu: or anyway. stock generation type of things.
22:26:35 ThickAsThieves: what makes picostocks the next order?
22:26:48 ThickAsThieves: that they peddle assets without building trust first?
22:27:09 mircea_popescu: .g "stock generation"
22:27:20 mircea_popescu: how do you google with this thing ?
22:27:27 ThickAsThieves: .h
22:27:30 ozbot: All commands can be processed in channel or in PM
22:27:30 ozbot: Commands: .bait .count .diff .earn .exchange .nethash .rates .lcrates .tslb
22:27:35 ThickAsThieves: you dont
22:27:46 mircea_popescu: sux
22:28:15 ThickAsThieves: so essentially BTCT.co is this?
22:28:56 benkay: unwittingly perhaps
22:29:12 benkay: and without guarantees
22:29:14 ThickAsThieves: SG stuff was all totally fake though right?
22:29:26 ThickAsThieves: like it really was a game
22:29:54 mircea_popescu: right.
22:29:58 mircea_popescu: totally made up shit.
22:30:26 mircea_popescu: there's a difference between an actual virtual corp and an imaginary virtual corp
22:30:31 mircea_popescu: as absurd as that may sound on the face.
22:31:32 ThickAsThieves: in theory, every single mining asset could be this
22:32:01 ThickAsThieves: other than ones that actually prove they have ghardware or sell it
22:32:09 mircea_popescu: not really. this is why the operator shows his rigs etc.
22:32:11 mircea_popescu: well yes.
22:32:32 mircea_popescu: that's why people like goat or ciuciu never actually producing proof of their supposed mining hardware are iffy.
22:32:38 mircea_popescu: course this all may be before your time
22:32:50 ThickAsThieves: and what of virtual PMBs
22:32:56 ThickAsThieves: saying what they are at the start
22:33:29 ThickAsThieves: with real backing
22:33:29 mircea_popescu: well, they ride on the name of whoever makes them.
22:33:47 mircea_popescu: basically you're taking the owner's cp risk in a futures contract.
22:34:07 mircea_popescu: anyone with a clue would just call things what they are (ie, futures) rather than pretend they're "making a company"
22:34:12 thestringpuller: mircea_popescu: mr. chairman
22:34:27 ThickAsThieves: i debated making mine futures
22:34:31 ThickAsThieves: and even altering the design
22:34:38 ThickAsThieves: to be more like a future
22:34:39 mircea_popescu: what;'s up thestringpuller
22:34:41 ThickAsThieves: but
22:34:57 ThickAsThieves: but i feared people would be like
22:34:59 ThickAsThieves: fuwhatnows?
22:35:18 mircea_popescu: right
22:35:28 ThickAsThieves: instead i got
22:35:32 mircea_popescu: <mircea_popescu> the type of retards causing the problems get pissy about being marginalised and move <<
22:35:35 ThickAsThieves: THIS IS NOT A BOND DAMMIT
22:35:42 ThickAsThieves: cant win i guess
22:35:49 benkay: customers man
22:36:15 benkay: can't live with 'em, can't read their emails without wanting to rip your eyeballs out.
22:36:23 benkay: can't live *without* 'em
22:36:36 ThickAsThieves: i still get people asking me how divs are determined
22:37:00 ThickAsThieves: the formula is of course included in the description
22:37:11 mircea_popescu: ya but don't you have a simpler one ?
22:38:02 ThickAsThieves: .earn 1
22:38:03 ozbot: At 1 MH/s, you should earn 0.00002600 BTC/day ($0.00) on average (0.00000108 BTC/hr)
22:38:18 ThickAsThieves: but then i'd have to teach everyone how to join IRC
22:38:23 ThickAsThieves: do we really want that?
22:39:12 benkay: .earn 1000
22:39:23 ozbot: At 1000 MH/s, you should earn 0.02600483 BTC/day ($2.84) on average (0.00108353 BTC/hr)
22:39:25 benkay: slow bot is slow.
22:39:42 mircea_popescu: .earn my love
22:39:42 ozbot: earn currently unavailable
22:39:48 mircea_popescu: kk
22:40:00 ThickAsThieves: lol
22:42:34 benkay: so a 1 year payback at current lowest ask on btct for virtualmine
22:42:58 benkay: 216 days
22:43:31 benkay: that's certainly attractive.
22:43:35 ThickAsThieves: less sale price
22:43:53 benkay: wat
22:44:09 ThickAsThieves: well it never redeems
22:44:13 ThickAsThieves: so you can sell it
22:44:20 benkay: oic
22:44:29 benkay: yeah but i'm a pessimist.
22:44:36 ThickAsThieves: rightly so
22:44:52 ThickAsThieves: difficulty rocketed the two weeks after release
22:45:08 benkay: and i'm stealthily equating the purchase of VM with the purchase of real hardware, which depreciates to zero
22:45:21 ThickAsThieves: hardware can be sold too
22:45:45 ThickAsThieves: thats the only logic that could make an AM Blade woth 50btc
22:45:49 ThickAsThieves: mworth*
22:45:52 ThickAsThieves: worth...
22:45:58 ThickAsThieves: mine with it for a few weeks
22:46:00 ThickAsThieves: then sell it
22:46:24 benkay: hm
22:46:36 benkay: a megahash is a megahash, except when it's a smaller piece of the pie
22:47:11 benkay: so i'd have to keep dumping my divs back into the asset to keep my income stream up
22:47:21 benkay: ugh these coupled systems
22:48:29 ThickAsThieves: i never actually ran the numbers, to see if reinvestment could keep you afloat
22:48:39 ThickAsThieves: unlikley if diff rises 20% every time
22:49:14 benkay: why should i buy them, then?
22:49:25 benkay: honest question, I seriously don't understand the mining bond craze.
22:49:41 benkay: (implying i'm trolling at all other times)
22:50:18 ThickAsThieves: the reasons why are listed in the asset description
22:50:21 ThickAsThieves: but there are more
22:50:35 ThickAsThieves: to flip them should they become overvalued
22:50:50 ThickAsThieves: and if you think diff will not rise fast enough
22:50:53 ThickAsThieves: or at all
22:51:01 ThickAsThieves: otherwise
22:51:05 ThickAsThieves: the asset descr says
22:51:22 ThickAsThieves: 1. To provide the most affordable and competitive alternative to other mining assets currently available.
22:51:22 ThickAsThieves: 2. To provide an easy choice for investors to earn mining rewards without the responsibility and hassle of running personal mining rigs and farms.
22:51:34 ThickAsThieves: Deprived beat me on 1) though
22:51:50 ThickAsThieves: although I could theoretically issue more
22:51:55 ThickAsThieves: to match his price...
22:53:21 ThickAsThieves: it was a diffe3rent world when i ussed them
22:53:25 ThickAsThieves: issued
22:58:02 mircea_popescu: <benkay> honest question, I seriously don't understand the mining bond craze. << people want to participate.
22:58:29 mircea_popescu: "The relationship between the fandom and the actual profession is always, absolutely always and without exception one of extraction. Specifically, resources are sucked out of the fandom for the benefit of the profession."
22:58:44 mircea_popescu: teh bitcoin fandom wishes to pay.
23:07:57 benkay: elaborate extraction games errywhere
23:12:58 mircea_popescu: "As many of you know, the pantry was put in place for your personal consumption while you are at work. Unfortunately, over the past few months there have been several instances where employees have been observed filling bags with sodas, snacks, fruit, and in some cases cartons of milk, to take home with them. It has become so excessive that in the last few weeks there have been multiple times when the coolers were almo
23:12:58 mircea_popescu: st completely empty prior to the end of a workday. Employees who worked later in the day, or over the weekend, found there were essentially no snacks or drinks available."
23:13:07 mircea_popescu: famine in teh us ? ppl stealing food from workplace nao ?
23:13:23 benkay: link?
23:14:15 ozbot: » [UPDATED] Bloomberg BNA to put surveillance cameras in the snack pantry JIMROMENESKO.COM
23:14:16 benkay: mp i saw a man holding a sign by an offramp that served a self-serve gas station yesterday.
23:14:20 benkay: shit is getting *bad*
23:14:29 benkay: served *only* a self-serve gas station.
23:14:46 benkay: shortly thereafter i saw not one but two men holding signs for the same company, on the same corner.
23:15:01 benkay: doubt either were making law-required minimum wage.
23:15:58 mircea_popescu: kinda sucky.
23:16:38 benkay: *shrug*
23:16:42 benkay: part of the cycle.
23:16:51 benkay: i've been getting the jitters
23:17:03 benkay: i'd really hate to be trying to get rich right before shit went tits-up
23:17:15 benkay: and i'd really hate to be preparing for shit to go tits-up ten years too early
23:17:27 benkay: until 2 weeks ago i was convinced i had another decade to get rich
23:17:40 benkay: mood has changed here.
23:17:48 mircea_popescu: well tell you what,
23:18:00 mircea_popescu: if i went for snacks and there were no snacks i'd just fire everybody.
23:18:21 benkay: must be nice to be unencumbered by unions
23:23:56 mircea_popescu: it is.
23:41:48 mircea_popescu: dooglus hey there.