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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...

00:52:14 mircea_popescu: http://polimedia.us/fraudsters/wp-content/themes/fraudsters/images/bg_apr2009.jpg

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

01:30:16 mircea_popescu:

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

01:43:18 dub: this is retarded http://datenform.de/blog/dead-drops-preview/

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

02:09:52 Bugpowder: https://just-dice.com

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

02:18:38 Bugpowder: https://just-dice.com

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

02:19:58 furuknap: http://i.imgur.com/QHvMf5s.png

02:20:03 Bugpowder: and you can bet up to 50x/sec

02:20:07 Bugpowder: with javascript

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

04:07:14 dub: https://bitcointalk.org/index.php?topic=236794.msg2517906#msg2517906

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

04:11:59 dub: also WAT https://bitcointalk.org/index.php?topic=236794.msg2518490#msg2518490

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

04:19:04 jcpham: http://www.weis2013.econinfosec.org/papers/KrollDaveyFeltenWEIS2013.pdf

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

04:38:59 dub: https://bitcointalk.org/index.php?topic=214965.0

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: ?

05:57:09 dub: http://www.youtube.com/watch?v=fftnExG-WFg

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

12:12:11 dub: man this thread is my favourite thing https://bitcointalk.org/index.php?topic=238474.0

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

12:20:16 Scrat: http://www.youtube.com/watch?v=KStasSCh3Ks

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: me@me.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

13:44:52 davout: https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/1005400_10151702698639090_662035276_n.jpg

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

13:51:31 ThickAsThieves: http://25.media.tumblr.com/3ddf93d7b99dde5792647c1e504414e3/tumblr_mgnjpvUXsT1qh0h7go1_500.jpg

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

16:36:31 mircea_popescu: https://bitcointalk.org/index.php?topic=239819.0

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

17:17:36 benkay: the cheatery: http://goo.gl/FlfvL

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

17:45:03 ozbot: http://25.media.tumblr.com/d8fcc114ae5223f52c95d69a523583bc/tumblr_mis9kovznV1rbbu6ho1_500.jpg

17:47:08 pankkake: .bait

17:47:12 ozbot: http://24.media.tumblr.com/c6031119ff44035213da603da9b8fc50/tumblr_mhjjmvixWR1qd65u0o1_1280.jpg

17:48:17 kakobrekla: too old

17:48:27 pankkake: exactly

17:48:30 pankkake: .bait

17:48:35 ozbot: http://24.media.tumblr.com/tumblr_m157x4cT471r0mqlno1_1280.jpg

17:48:43 pankkake: boring

17:51:21 Jezzz: :)

17:51:28 Jezzz: .boobies

17:51:32 ozbot: http://25.media.tumblr.com/53cb5b79ba4f0cce81741333d3d1ffc3/tumblr_mfzhx3NxZP1s04ckeo1_500.jpg

17:51:45 Jezzz: meh

17:51:48 Jezzz: no boobies in that

17:51:58 kakobrekla: scam

17:52:03 Jezzz: .boobies

17:52:07 ozbot: http://25.media.tumblr.com/866d23b9da0563f571171e6e90f310bc/tumblr_mh098qXUXq1rnwj4ko1_500.png

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.

17:52:35 ozbot: http://25.media.tumblr.com/tumblr_me0x4rf5ZI1r6bw5mo1_500.jpg

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...

18:12:18 mod6: https://twitter.com/mpex1

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

18:19:02 mircea_popescu: http://polimedia.us/fraudsters/2013/the-state-banking-and-bitcoin/

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

18:21:53 jborkl: http://au.businessinsider.com/nsa-prism-keywords-for-domestic-spying-2013-6

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*

18:56:16 mircea_popescu: https://blockchain.info/address/15HpBoo2DqaeJPW28ATzZMNnUTfqZQYA9H

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

19:03:48 jcpham: http://thebelltowers.com/2013/06/20/depositing-a-little-common-sense-into-law/

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

19:25:04 jcpham: http://www.reddit.com/r/Bitcoin/comments/1groob/please_forgive_me_but_i_dont_know_how_to_make_a/

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

19:29:23 ThickAsThieves: http://www.guardian.co.uk/uk/2013/jun/21/gchq-cables-secret-world-communications-nsa

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


19:29:42 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

19:30:36 ThickAsThieves: http://www.theverge.com/2013/6/21/4452222/kickstarter-bans-pickup-artist-guides-after-allowing-controversial-manual

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

20:32:21 dooglus: it's https://just-dice.com

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

22:07:24 ozbot: http://25.media.tumblr.com/tumblr_m7oao4iZXi1qfaf1fo1_1280.jpg

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

22:09:45 ozbot: http://25.media.tumblr.com/tumblr_m7qmoi42tn1rxvvsao1_500.jpg

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?

22:25:19 kakobrekla: https://bitcointalk.org/index.php?topic=238474.msg2544869#msg2544869

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

22:27:48 mircea_popescu: http://en.wikipedia.org/wiki/Stock_Generation there

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: -.-

22:39:42 ozbot: -.-

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?

23:14:11 mircea_popescu: http://jimromenesko.com/2013/06/21/bloomberg-bna-has-surveillance-cameras-watching-the-snack-pantry/

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.