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Transcript for 26-06-2014, 1460 lines:

00:11:48 assbot: [HAVELOCK] [PETA] 13 @ 0.04455639 = 0.5792 BTC [-] {4}

00:24:00 assbot: [MPEX] [S.MPOE] 19231 @ 0.00082318 = 15.8306 BTC [-] {3}

00:25:01 assbot: [MPEX] [S.MPOE] 12150 @ 0.00082204 = 9.9878 BTC [-]

00:54:30 assbot: [MPEX] [S.MPOE] 19819 @ 0.00082356 = 16.3221 BTC [+] {2}

00:58:49 mod6: %d

00:58:50 atcbot: [ATC Diff] Current Diff: 511511.43 Est. Next Diff: 382007.64 in 1850 blocks (#38304) Est. % Change: -25.32

01:16:45 moiety: http://www.independent.co.uk/news/weird-news/new-creationist-museum-explains-how-noah-managed-to-fit-dinosaurs-on-the-ark-9552108.html

01:16:45 assbot: New creationist museum explains how Noah managed to fit dinosaurs on the ark - Weird News - News - The Independent

01:17:59 TheNewDeal: nice

01:18:10 TheNewDeal: was wondering how he did dat

01:20:32 TheNewDeal: I'm getting really excited for this silk road auction. Can't wait to see how it goes down

01:40:26 benkay: makes perfect sense, mo

01:55:30 assbot: [MPEX] [S.MPOE] 15500 @ 0.0008255 = 12.7953 BTC [+]

02:04:39 assbot: [HAVELOCK] [PETA] 50 @ 0.0444018 = 2.2201 BTC [-] {5}

02:05:40 assbot: [HAVELOCK] [PETA] 50 @ 0.0444 = 2.22 BTC [-]

02:21:16 Mats_cd03: why bring babies when you can bring a carton of dinosaur eggs

02:21:26 Mats_cd03: DUH

02:23:06 moiety: ya, i am so glad they cleared that one up

02:24:38 moiety: i was marooned on the sofa for some time due to a rather fast large spider travelling around my livingroom floor

02:30:09 bloctoc: has anyone discussed how they decided to purchase 200BTC worth of BPAY?

02:31:12 ThickAsThieves: it's not THAT absurd, if you can afford it

02:31:24 mike_c: huh? looks like ~25btc

02:32:08 TheNewDeal: I think it's slightly absurd because the whole F.Derp is just in its beginning stages

02:32:24 mike_c: !t m d.bpay

02:32:24 assbot: [MPEX:D.BPAY] 1D: 0.25 / 0.25 / 0.25 (100 shares, 25.00 BTC), 7D: 0.25 / 0.25 / 0.25 (100 shares, 25.00 BTC), 30D: 0.25 / 0.25 / 0.25 (100 shares, 25.00 BTC)

02:32:27 bloctoc: not saying it's absurd, it's a serious question.

02:32:30 mike_c: ^ 25.00 btc

02:33:01 bloctoc: the detail page has 900 shares, the overview has 100 shares if I'm reading it right, then something's amis

02:33:07 bloctoc: s

02:33:25 mike_c: those are the shares mp is offering for sale

02:33:33 mike_c: he offered 1000, 100 have been bought

02:33:36 bloctoc: oh, got it.

02:35:57 bloctoc: 25 BTC I can see not feeling too bad if you guess wrong.

02:36:13 bloctoc: but feeling good if you guess right

02:36:32 bloctoc: of course, it's probably more sophisticated than that

02:38:02 benkay: one might consider...hedging.

02:39:25 TheNewDeal: well BPay shares can be sold at a later date, no?

02:40:24 bloctoc: I don't see how anyone would be able to hedge bpay today

02:41:28 bloctoc: they would have to be sold at a later date since there are no buy orders yet.

02:43:18 benkay: D.BPAY or the actual shares?

02:43:51 benkay: what, hold btc's not a good enough hedge?

02:44:15 benkay: D.BPAY is a hedge against the fartup cirkus producing something with market value in the next year or w/e

02:44:28 benkay: bloctoc:

02:44:42 bloctoc: that's a bet, not a hedge

02:44:55 TheNewDeal: F.DERP is the hedge

02:45:08 Mats_cd03: on the subject of bets, write a proper proposition and that can be your hedge.

02:45:09 TheNewDeal: against the group of derps

02:45:19 Mats_cd03: problem solved

02:45:24 Mats_cd03: thanks kako

02:45:45 benkay: buy F.DERP, buy D.*, ams hedged

02:45:47 TheNewDeal: F.Derp was made to short the basket of derps

02:45:48 bloctoc: proposition on bitbet you mean?

02:46:02 Mats_cd03: yes

02:46:03 TheNewDeal: implied

02:46:22 benkay: yeah, F takes you short, D takes you long

02:46:40 benkay: hedging against their bringing something to market is betting that they do

02:46:59 TheNewDeal: the strange thing is how the D pays out

02:47:11 benkay: please correct me, bloctoc

02:47:22 benkay: what's strange about it, TheNewDeal ?

02:47:27 bloctoc: I thought S.MPOE was F.DERP and I don't see F.DERP Am I Right?

02:47:33 TheNewDeal: talked about it earlier

02:47:44 TheNewDeal: but the gist is this

02:48:01 TheNewDeal: in a theoretical scenario, a company pays for the worth of the startup

02:48:22 TheNewDeal: talking about an aquisition type here

02:48:49 TheNewDeal: so the stock of the acquirer shouldn't really change

02:49:33 TheNewDeal: Example was. If Bitpay is worth 1Billion usd, FB forks over 1 Billion USD, FB valuation stays same

02:49:57 TheNewDeal: in reality, FB stock is volatile, could potentially have a large shift in the 30 day period

02:52:02 bloctoc: benkay where did you discover F.DERP?

02:52:19 thestringpuller: !mpif

02:52:20 assbot: BtcAlpha.com F.MPIF Tracker estimated NAV per share: 0.00021746 BTC (Total: 434.93 BTC). Last trade for F.MPIF on MPEX was at 0.00023849 BTC [+]

02:52:39 benkay: bloctoc: logs

02:54:28 bloctoc: I see it - this whole hedging discussion makes sense now. thanks

02:55:07 TheNewDeal: bloctoc https://imgflip.com/i/9iu9z

02:55:07 assbot: Image tagged in lawgs - Imgflip

02:56:57 benkay: for a second i was hoping to learn something there :D

02:57:05 benkay: maybe mircea_popescu comes by later to school me

02:58:44 TheNewDeal: did my explanation make any sense about an acquisition type event?

03:00:29 bloctoc: you had me until "FB Stock is volatile". Meanwhile I understand the concept of hedging, I just didn't realize when I asked the question that there was such a thing as F.DERP

03:01:02 benkay: can't have puts without calls, etc

03:01:37 bloctoc: not legally anyway...

03:02:42 Mats_cd03: uh...

03:03:08 Mats_cd03: nothing to do with law, this is how it works

03:03:10 bloctoc: not legally where I live anyway..

03:03:21 benkay: no no, the market just falls over with one and not the other

03:03:27 benkay: naked shorts bad, covered shorts good

03:03:49 benkay: going long without commensurate short options is cuh-fukken-razy

03:18:52 assbot: [HAVELOCK] [PETA] 25 @ 0.04285624 = 1.0714 BTC [-] {3}

03:22:43 TheNewDeal: Per the world cup article http://fraudsters.com/2014/the-results-of-the-world-cup-experiment/ . I think BitBet should allow zeroconf bets simultaneously on Yes and No, especially if they move to requiring a 2 BTC minimum.

03:22:45 assbot: The results of the World Cup experiment. pe fraudsters - Un blog de Mircea Popescu.

03:23:01 TheNewDeal: The site profits off total volume, not someone forking over a risky bet on one side

03:27:08 TheNewDeal: Also, why is it said that BitBet "fronts" .1 BTC on the bet? I thought they split .1 BTC, some portion going to the original bettor, and the other portion is a wager that will pay the site

03:31:34 Mats_cd03: the bet is seeded. look at the first two wagers for each bet

03:37:09 benkay: ;;later tell TheNewDeal you had it right the first time

03:37:09 gribble: The operation succeeded.

03:37:41 Mats_cd03: o...join leaves r disabled on my client ffs

03:44:17 assbot: [HAVELOCK] [PETA] 50 @ 0.04202638 = 2.1013 BTC [-] {6}

03:46:44 benkay: there's always tab-complete, Mats_cd03

03:46:58 benkay: look who's joining us

03:47:02 benkay: hey baby doll

03:47:06 benkay: play me some jamz?

03:47:26 Vexual: i think kako might anuerism

03:47:39 benkay: eh, that's his problem

03:51:40 Vexual: yeah.. well

03:51:53 benkay: i guess yours then as well

03:51:59 benkay: kakos problems are all of our problems

03:52:18 Vexual: maybe so

03:52:58 Vexual: it might make it harder to bet not chinese on the ladies tennis

03:56:10 benkay: beer empty

03:56:11 benkay: going home

03:57:30 assbot: [MPEX] [S.MPOE] 77300 @ 0.0008239 = 63.6875 BTC [-] {2}

03:59:20 Vexual: syntax error

04:15:06 Vexual: g'day cazalla

04:15:16 cazalla: hey Vexual

04:15:27 Vexual: how are ya mate?

04:15:51 cazalla: tired, missus is out getting hair done so im stuck with baby

04:16:05 cazalla: you?

04:16:39 Vexual: yeah painfully sober

04:16:58 Vexual: did you see big clive palmer with al gore?

04:17:16 cazalla: nah, i don't follow it closely nor do i vote

04:17:53 cazalla: what's he up to?

04:19:07 Vexual: he flew gore in to stand next to him at a press conference and give the nod to repealing the carbon tax with a view to setting up interational emmissions trading

04:20:13 cazalla: on his own dime or taxpayers?

04:21:21 Vexual: well there are no details

04:21:26 Vexual: hes a funny bugger

04:22:59 cazalla: you would've loved dinner last night, crumbed rabbit, pan fried for 5 and then into oven for 30m

04:23:00 Vexual: he rolled up to parliment in his vintage silver shadow a few weeks back, van morrison blasting, hopped out and gave a speech to the waiting press about how politicians should pay for their own cars

04:23:24 Vexual: what did you have with it?

04:23:36 cazalla: rocket salad

04:23:49 cazalla: and some thai dipping sauce from coles heh

04:23:59 Vexual: that sounds too good

04:24:36 cazalla: have a bunch of livers to make pate with on weekend too

04:24:47 Vexual: rabbit pate is a thing?

04:25:33 cazalla: supposedly, i've never had or made it before, i've been keeping livers frozen as it didn't seem worthwhile to make a small amount and i butcher them as needed so it's not like i have a lot of livers at once

04:25:44 cazalla: i can't imagine it taste too different from chicken pate etc

04:25:53 Vexual: maybe not

04:28:00 assbot: [HAVELOCK] [PETA] 22 @ 0.04100001 = 0.902 BTC [-]

04:29:01 assbot: [HAVELOCK] [PETA] 16 @ 0.04100002 = 0.656 BTC [+]

04:38:11 assbot: [HAVELOCK] [PETA] 38 @ 0.041 = 1.558 BTC [-]

04:38:35 bloctoc: http://savetoby.com/

04:38:35 assbot: Savetoby.com | Only YOU have the power to Save Toby!

04:45:17 assbot: [HAVELOCK] [PETA] 23 @ 0.04050001 = 0.9315 BTC [-]

04:45:23 Vexual: I'll have the Lapin Braisé

04:48:50 cazalla: lol toby

05:01:33 assbot: [MPEX] [S.MPOE] 82100 @ 0.00082367 = 67.6233 BTC [-] {6}

05:02:20 benkay: so how much did the rabbit go for?

05:03:42 *: benkay imagines thepyruvatebay.se

05:06:38 assbot: [MPEX] [S.MPOE] 12700 @ 0.00082588 = 10.4887 BTC [+]

05:07:02 Vexual: its about $16kilo dressed

05:21:48 mircea_popescu: o look at all the logs

05:21:52 mircea_popescu: !up Ken`

05:22:54 moiety: I've been thinking about salmon since you left

05:23:41 mircea_popescu: came out pretty good

05:24:38 moiety: i'm gonna have to get some today

05:24:43 Vexual: skin on needs to be fryed hard on that side

05:24:59 cazalla: skin is the best bit

05:25:18 Vexual: yeah but if it's not fried fast enough it's chewy

05:25:47 mircea_popescu: ;;later tell bitcoinpete not so sure i did. o wait, http://fraudsters.com/2014/most-wrong-and-absolutely-wrongest/ right you are

05:25:49 assbot: Most wrong and absolutely wrongest pe fraudsters - Un blog de Mircea Popescu.

05:25:49 gribble: The operation succeeded.

05:26:01 mircea_popescu: cazalla i usually throw it away

05:26:21 mircea_popescu: this sushi place i go to has salmon skin rolls, i'm like... wtf, make me an orange and banana peels salad next

05:26:22 Vexual: i remove it just for knife skills

05:28:09 cazalla: sacrilege

05:28:59 cazalla: i wish i could buy skin only

05:29:06 moiety: ew

05:29:06 Vexual: lets do a deal

05:29:41 Vexual: the diff in price at the shop is more than the knife skills and the weight combined

05:30:21 moiety: they left the scales on haddock once in a restaurant i as at. i don't know if it was a mistake or that happens anywhere in the world but just.. no.

05:30:38 mircea_popescu: AirbndUberApp, that sounds unavoidable.

05:30:58 Vexual: cazalla, remember these people probabl;y get real atlantic salmon too

05:31:03 mircea_popescu: "it's like airbnb of messaging and uber of boarding houses rolled into a joint and whazzup dude ?"

05:31:04 Vexual: we get it's cousin

05:31:26 mircea_popescu: Vexual ba is on a river. salmon lives here.

05:32:03 assbot: [MPEX] [S.MPOE] 12500 @ 0.00082588 = 10.3235 BTC [+]

05:32:08 mircea_popescu: moiety: i was marooned on the sofa for some time due to a rather fast large spider travelling around my livingroom floor <<< ahahaha so cute

05:32:17 cazalla: Vexual: how about aussie salmon :P ugh

05:33:16 mircea_popescu: bloctoc: they would have to be sold at a later date since there are no buy orders yet. << actually that 25 was a buy order iirc

05:33:59 Vexual: i love me some aussie salmon

05:34:26 cazalla: really?

05:34:29 mircea_popescu: TheNewDeal: Example was. If Bitpay is worth 1Billion usd, FB forks over 1 Billion USD, FB valuation stays same << this is an example out of the "spherical chicken in vacuum" variety.

05:35:35 cazalla: Vexual: i always throw them back

05:35:51 Vexual: what are you trying to catch?

05:36:11 mircea_popescu: TheNewDeal: The site profits off total volume, not someone forking over a risky bet on one side << nobody prevents you from covering the short end after bet is approved.

05:36:37 mircea_popescu: if you figure your odds are 2:5 put 2 btc on the short odds then put .8 on the long odds and there you go.

05:36:42 moiety: scottish salmon is lovely cazalla

05:37:05 Vexual: mircea_popesu:saw your blog salmon, looked nice and fat; was it local?

05:37:05 dub: I dont think aussie salmon has anything to do with salmon

05:37:12 cazalla: dub: spot on

05:37:16 moiety: oh

05:37:17 cazalla: it's foul

05:37:31 mircea_popescu: Vexual ya

05:37:38 cazalla: Vexual: tailor, whiting, bream, kingies

05:37:44 mircea_popescu: dub agreed. it's prolly scottish salmon

05:37:46 cazalla: get some leather jacket too

05:38:00 Vexual: is that in order>?

05:38:04 cazalla: aussie salmon is a great game fish but shitty eating

05:38:17 dub: cazalla: if aussie salmon is what I think it is then you are probably fucking it up

05:38:25 cazalla: Vexual: depends on time of year and where I am, I don't do much fishing down here in Melbourne, more so when I go up Sydney with my brother/father

05:38:32 Vexual: its called kahawai in nz

05:38:39 Vexual: aussie salmon

05:38:40 dub: you need to bleed it

05:38:57 cazalla: dub: maybe I am but I've tried numerous times and it always taste awful

05:39:05 cazalla: yeah I've bleed it

05:39:06 Vexual: did you ever smoke it?

05:39:16 cazalla: nope, how's that?

05:39:31 Vexual: well its an oily fish, so it smokes well

05:39:31 cazalla: i mean, you can get it at the fish market for 2.99 a kg that's how bad it is

05:39:38 moiety: smoked salmon is gorgeous

05:39:41 dub: its not oily if you bleed it

05:40:07 Vexual: where are you from dub?

05:40:13 mircea_popescu: <dub> its not oily if you bleed it << he's found the cure for colesterol.

05:40:23 dub: dublandistan

05:41:06 Vexual: in australia we call what you know as salmon ocean trout

05:41:20 Vexual: and it'll slap you in the face its so good

05:42:08 Vexual: but then theres aussie salmon, which isnt salmon

05:42:18 Vexual: but thats what we call it

05:42:27 Vexual: coz is tastes gooode

05:42:28 assbot: Last 4 lines bashed and pending review. ( http://dpaste.com/2P4K0HT.txt )

05:42:28 benkay: !b 4

05:42:43 benkay: Vexual what's wrong with you

05:42:46 benkay: when did you start making sense

05:43:02 benkay: who's taken over Vexual's computer?

05:43:04 Vexual: temporarily sober

05:43:05 moiety: he's sober today

05:43:20 benkay: o wait i read that in the log!

05:43:24 benkay: my sympathies

05:43:46 benkay: here, have a weird: https://twitter.com/saladinahmed/status/482000455921577984

05:43:48 assbot: This is a thing: Greenscreen-clad workers who secretly flip models' hair during shampoo commercials. http://t.co/tfHvykkxS8 ht /MakingOfs

05:44:30 dub: just about got my cholesterol bled out on the way home

05:46:13 dub: pulled out from outside bar, dodge slow traffic lane, wot in clear lane, oncoming bbw buts across gab in slow lane into mine

05:46:34 dub: gap*

05:47:07 moiety: o.o

05:47:18 dub: ABS engaged, no seatbelt yet, jimmies retracting

05:50:31 Vexual: did you fuck her?

05:50:47 BingoBoingo: What, was the sidewalk to narrow for this bbw?

05:52:08 dub: Vexual: nearly

05:52:37 Vexual: lol

05:57:42 Vexual: is your scooter okay?

05:58:29 assbot: [HAVELOCK] [PETA] 22 @ 0.04498489 = 0.9897 BTC [-] {2}

06:09:47 BingoBoingo: %d

06:09:48 atcbot: [ATC Diff] Current Diff: 511511.43 Est. Next Diff: 402819.45 in 1812 blocks (#38304) Est. % Change: -21.25

06:10:15 Vexual: can't evenm tut at the devs

06:13:49 davout: "in australia we call what you know as salmon ocean trout" <<< i saw already opened oysters being sold there Oo

06:14:01 Vexual: sydney?

06:14:03 davout: le gross

06:14:08 davout: melbourne

06:14:15 Vexual: oh

06:14:57 Vexual: sydney oysters are really good, its a thing

06:18:53 Vexual: and yes, they are provided open, because you are not an otter

06:25:38 BingoBoingo: What, I'm hairy and spend a lot of time in the water

06:26:57 Vexual: yes you can probly open an oyster, but in polite company..

06:27:18 BingoBoingo: Fuck you! I'm an otter!

06:28:03 Vexual: ok leave his unshucked

06:30:53 Vexual: ;;seen nubbins'

06:30:54 gribble: I have not seen nubbins'.

06:31:05 Vexual: whats that cats name?

06:40:10 Vexual: benkay:https://www.youtube.com/watch?v=x_iVxiBNGFM

06:42:35 moiety: ;;seen nubbins`

06:42:36 gribble: nubbins` was last seen in #bitcoin-assets 2 days, 11 hours, 19 minutes, and 49 seconds ago: <nubbins`> http://i.imgur.com/FxQz6tB.gif

06:43:20 moiety: so are btc-e scam now? or have i just been unlucky?

06:46:51 Vexual: whats the problem?

06:47:18 moiety: i withdrew via wire transfer. its £91 short

06:47:37 punkman: moiety, one of these days btc-e will disappear, don't be a bagholder

06:48:00 moiety: wasnt planning on using it again, just a one off thing for quickness...stupidly

06:48:17 moiety: 1018/ 1003 after fees. 911 received

06:48:35 punkman: maybe there's an extra moiety fee

06:48:35 moiety: i cant find anything else like this on them at all

06:48:56 Vexual: bank wire are expensive, i dont know about btce

06:48:58 moiety: i'll hunt them down with manuls if thats the case

06:50:00 moiety: btce says 1.5% fee which was accounted for though Vexual

07:04:57 davout: Vexual: "and yes, they are provided open, because you are not an otter" <<< men open their oysters

07:09:39 assbot: [MPEX] [S.MPOE] 20500 @ 0.00082555 = 16.9238 BTC [-]

07:22:33 moiety: o apparently they just add another £100 fee on

07:34:23 BingoBoingo: moiety: Does Scotland have capital controls?

07:38:37 moiety: not that i know of but apparently its a worry in independence

07:42:05 BingoBoingo: %d

07:42:06 atcbot: [ATC Diff] Current Diff: 511511.43 Est. Next Diff: 405267.07 in 1803 blocks (#38304) Est. % Change: -20.77

08:02:31 assbot: [HAVELOCK] [AM1] 98 @ 0.19660978 = 19.2678 BTC [+] {9}

08:06:27 pankkake: wait you can buy F.DERP too?

08:07:42 assbot: Vallance +v failed; L1: 0, L2: 0

08:08:37 assbot: [MPEX] [S.MPOE] 6800 @ 0.00082297 = 5.5962 BTC [-]

08:09:17 BingoBoingo: !up Vallance

08:09:23 BingoBoingo: ;;ident Vallance

08:09:23 gribble: Nick 'Vallance', with hostmask 'Vallance!~Admin@', is identified as user 'Vallance', with GPG key id 6F25D26878495E5B, key fingerprint 13E5460851BAFFA53AC574336F25D26878495E5B, and bitcoin address None

08:09:28 BingoBoingo: ;;gettrust Vallance

08:09:29 gribble: Currently authenticated from hostmask Vallance!~Admin@ Trust relationship from user BingoBoingo to user Vallance: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=BingoBoingo&dest=Vallance | WoT data: http://b-otc.com/vrd?nick=Vallance | Rated since: never

08:09:30 Vallance: Thanks

08:09:37 BingoBoingo: You're welcome

08:09:38 assbot: [MPEX] [S.MPOE] 21000 @ 0.00082267 = 17.2761 BTC [-]

08:10:02 BingoBoingo: What brings you here today Vallance?

08:11:28 Vallance: Well, just trying to become more pro-active about using the WoT and I follow MPOE quite a bit and enjoy the opinions this channel shares.

08:12:37 Vallance: It's becoming increasingly more difficult to find a place to have an intelligent conversation about Bitcoin in public on the internet.

08:12:44 bloctoc: !ticker MPEX F.DERP

08:13:53 BingoBoingo: Vallance: It is indeed a problem

08:14:23 BingoBoingo: Vallance: What other sort of stuff do you do in the republic of Bitcoin?

08:16:05 Vallance: Myself and a couple others run a small Bitcoin exchange known as BitSpot. It's not an exchange as in the sense of BitStamp or BTC-E, it's more in the sense of CoinMama or the former BitInstant

08:17:01 BingoBoingo: Interesting

08:17:05 []bot: Bet placed: 2 BTC for Yes on "World Cup 2014: Germany to net more than 7 goals" http://bitbet.us/bet/938/ Odds: 92(Y):8(N) by coin, 90(Y):10(N) by weight. Total bet: 6.36090125 BTC. Current weight: 61,518.

08:18:31 Vallance: We were hoping to target our suburban town and cause a good stir but our physical business traffic isn't near what we hoped.

08:19:29 BingoBoingo: Well, Kentucky...

08:19:46 Duffer1: i've never heard of coinmama

08:20:27 Vallance: They've been around for a little bit, the main thing about them is that they accept credit cards and debit cards.

08:20:38 Vallance: I have no idea how it's working out for them though.

08:21:32 BingoBoingo: Ah, Ashland is in the inconvenient part of Kentucky

08:22:27 Vallance: Yeah, it's almost like trends and technology are a couple years behind for most people here.

08:23:17 Vallance: Although I do believe there are large sums of people who could benefit from Bitcoin in the area

08:23:25 BingoBoingo: Kind of hoping Ashland was closer to Paduca which would be a reasonable drive

08:23:52 Vallance: Yeah, the farthest someone has came to us has been from Cincinatti

08:24:46 Vallance: Actually it is this guy, just came down last week: http://andyschroder.com/BitcoinFluidDispenser/

08:24:46 assbot: Andy Schroder -

08:27:16 punkman: Vallance, is this you https://www.bitspot.co/invest/

08:27:18 assbot: Invest | BitSpot

08:28:28 Vallance: It's something we're working on, yes.

08:29:42 Vallance: It's just the problem with juggling the legalities and how things would "technically" work.

08:29:50 punkman: no that's not the problem

08:30:21 Duffer1: TaT said it earlier

08:30:43 Duffer1: what happens when paypal enters the room and says "thanks for warming my seat."

08:31:46 bloctoc: I heard today from reliable sources that gas stations don't want a phone that close to their pumps. needs to be bluetooth.

08:32:21 Vallance: Well, the vision I have in mind is to form somewhat of a decentralized liquidity network that anyone could become a part of either through a stake in the liquidity or operating an ATM.

08:32:26 BingoBoingo: Vallance: A physical location in the US and an investment solicitation... seems dangerous...

08:32:43 Vallance: Yeah, that's why we have the brakes on.

08:32:58 Vallance: Thinking of re-structuring our business affairs

08:33:05 punkman: did you IPO already?

08:33:12 Duffer1: i hear argentina is nice :P

08:33:14 Vallance: no, not at all.

08:33:30 Vallance: The truth is we started out just as anyone would with Bitcoin trading I suppose

08:33:57 punkman: most people start with the CSS

08:34:03 Vallance: Next thing you know it snowballs into a real business

08:34:45 bloctoc: Do you have an indication that ATMs are providing liquidity?

08:35:26 bloctoc: I haven't seen anyone boasting about how much money their ATM is making.

08:36:58 Vallance: I believe the ATMs will build good infrastructure for Bitcoin and associate it with new people

08:37:28 Vallance: Also the ATMs would help lower the costs of transaction fees that people are facing by using Western Union & MoneyGram

08:38:48 punkman: so where are you at now, roughly how much BTC volume per month?

08:39:07 assbot: [HAVELOCK] [PETA] 48 @ 0.04749499 = 2.2798 BTC [+]

08:39:16 BingoBoingo: !up Vallance

08:39:29 Vallance: A decent day is around $10,000 worth of volume a day. I know it's not huge, but we don't want to promote more than we can handle.

08:39:47 BingoBoingo: Vallance: Honestly I'd kill the Invest page now

08:39:58 Vallance: Our margin is 10% both ways.

08:40:06 bloctoc: $10,000 through an ATM? or is that on the internet?

08:40:12 Vallance: That's total

08:40:13 punkman: Vallance: not too bad

08:40:35 BingoBoingo: And start flensing the javascript on the site.

08:40:37 bloctoc: yeah that's a nice thing you got going

08:40:42 Vallance: You're right, I will turn it off right now, just totally forgot in all honesty. We're understaffed.

08:41:23 punkman: you don't want to use Counterparty either

08:41:35 pankkake: ;;ticker --market bitcoin-central --vol

08:41:36 gribble: 63.36856219

08:41:55 Vallance: I've had a lot of chats with the founders of Counterparty and Counterwallet, I feel pretty good about their platform.

08:42:04 Vallance: I'm honestly surprised about how it's not more popular?

08:42:39 Vallance: Besides Counterparty I only have experience with Mastercoin, which I'm not a big fan of

08:43:01 BingoBoingo: Both platforms can have their problems.

08:43:14 punkman: they only have problems

08:43:17 bloctoc: Vallance are you providing KYC/AML as part of your network? I'm asking because I have a Lamassu

08:43:56 pankkake: well mastercoin is made by people who don't know what they are doing, counterparty is in a slighly better position

08:44:17 Vallance: Yes, that's the plan.

08:44:59 Vallance: The people who run our ATMs (or could even be theirs) would just need to handle cashing out the machine and maintenance

08:45:04 BingoBoingo: So... What's the procedure if I just drive in with a shoebox full of cash?

08:47:00 Vallance: At an ATM or within our office?

08:47:10 Vallance: We haven't had anyone drive in with a shoebox yet

08:47:30 Vallance: You would be surprised at the old, nearly looking homeless people who have sold us a handful of Bitcoin though

08:47:33 BingoBoingo: Vallance: In your office.

08:47:39 Vallance: Didn't even know how to transfer it

08:48:50 Vallance: Scan your ID and sign a piece of paper

08:48:56 BingoBoingo: Person comes in with a shoebox of cash, and a printout of an address to pay to with a GPG signature.

08:49:14 punkman: Vallance, register with gribble, you can probably pick up some good volume marketmaking on OTC

08:49:45 punkman: oh never mind

08:49:49 punkman: you are authed

08:49:57 Vallance: That's what I did, I've been really wanting to become more active here.

08:50:19 Vallance: I've lurked the irc logs and the fraudsters blog quite a bit.

08:50:29 BingoBoingo: ;;rate Vallance 1 Lending +v

08:50:30 gribble: Rating entry successful. Your rating of 1 for user Vallance has been recorded.

08:52:16 Vallance: We're really trying to re-work our current system and way of handling things first and foremost. We started with the p2p trading and the problem is we're still operating in that fashion. People enjoy the broker-client relationship but it just doesn't scale that well.

08:52:39 BingoBoingo: Vallance: P2P trading is probably where the better margins are.

08:53:20 Apocalyptic: ^

08:53:29 BingoBoingo: If you go exclusively mass market Paypal eats your lunch and people who hate paypal settle for BitStamp's two cans, a string, and a rectal probe

08:54:22 Vallance: I know, it's really insane at how hard it is to move money around the USA.

08:54:51 BingoBoingo: If you were to offer a network of atms across a region, maintain an office for inperson service, and have some limited interaction with the web you could carve a nice niche.

08:55:13 Vallance: If it was up to me then I would've moved to Panama, but my wife wasn't having it.

08:55:26 BingoBoingo: Panama's overcrowded

08:55:26 Vallance: That's the goal Bingo.

08:55:46 Vallance: I'm honestly open to anywhere else but here

08:57:03 BingoBoingo: Also, since money transmitting across the whole US is a pain, just license in kentucky, a few neighboring states, and the rest of the US can be serviced by other people.

08:57:41 BingoBoingo: At a minimum probably grab licenses for Illinois, Ohio, and Tennessee

08:58:04 Vallance: As far as geographical area, I don't see any real competition in any of those areas, including Kentucky.

08:58:21 Vallance: or anyone showing interest yet

08:59:13 BingoBoingo: Well, the midwest and mid south are underserved.

09:00:32 Vallance: We've had quite a few people travel about 100 miles to exchange

09:00:54 Vallance: What blows my mind is the type of people we've encountered that is involved in Bitcoin

09:01:08 BingoBoingo: I'd consider the 6-8 hour drive if I had fiat to dispose of.

09:01:21 Vallance: Also most of our online business is composed of small transactions ranging from $100-$300

09:01:40 Vallance: That is where we make our margins, it isn't that much to them.

09:01:51 Vallance: At the end of the day though it adds up for us

09:02:49 Vallance: In the works of trying to negotiate a deal with Western Union that would allow people to send us payments through their service as a "Bill Payment" so they would only have to pay $5

09:02:58 BingoBoingo: http://www.alternet.org/drugs/swat-team-blew-hole-my-2-year-old-son

09:03:00 assbot: A SWAT Team Blew a Hole in My 2-Year-Old Son | Alternet

09:05:21 pankkake: so they moved up from dogs. great.

09:05:32 Vallance: Wow, that is insane.

09:06:07 Vallance: Even if the child survives what about the loud deafening bang and flash that happened right over top of him

09:06:50 Vallance: I'm sure that will have a permanent effect

09:08:52 punkman: BingoBoingo: and you want to drive around with shoeboxes full of cash

09:09:18 punkman: you aren't even gonna make it to the gasenwagen

09:09:53 punkman: Vallance, you can !up yourself now

09:10:11 Vallance: Punkman, thanks

09:10:46 BingoBoingo: punkman: You can still fit a lot of pennies in a shoebox

09:12:42 punkman: BingoBoingo: I suppose they won't care so much about dogecoins

09:13:41 assbot: [MPEX] [S.MPOE] 11200 @ 0.00082267 = 9.2139 BTC [-]

09:14:46 BingoBoingo: punkman: Vending machines are still a think. Probably the best way for a vending machine operator to get bitcoin from vending machines is... Exchanging the cash directly.

09:19:34 Vallance: I had someone contact me a couple months ago about KYC/AML Identification services. They may have been a new company, can't clearly remember. They are supposed to streamline and handle all your compliance requirements for you when interacting with customers on exchanging funds.

09:20:01 Naphex: Vallance: i'm not sure how many people will handover 3rd party data

09:20:12 Naphex: or how many exchanges/bussiness will want a 3rd party holding highly private data

09:20:15 Vallance: That's how I felt too

09:20:54 Vallance: It's honestly one of the things that I'm most torn about. In all reality I want to know as least as possible.

09:21:39 Vallance: I just want to know if the money you're sending is good, that's all I would like to know but then the government and state have to get involved.

09:22:53 Naphex: one of the problems with 3rd party validation, is who would get goverment wrath. I doubt they'd be going after the validation service instead of the exchange

09:23:39 Naphex: everyone just attacks the person who moves the money, so might as well just do your own AML/KYC

09:24:39 Vallance: The only real problem as far as moving money has went has been with Chase Bank, they're horrible.

09:25:14 Vallance: Credit Unions are the ideal people to bank with but unfortunately my preferred one around here isn't a part of the CU Swirl Network

09:26:00 Vallance: Hey, does anyone know what is going on with UpDown.bt ?

09:26:51 Naphex: Vallance: never heard of it before, is that binary options?

09:27:06 Vallance: I seen a few accusations fly around at Bitcointalk.org, I've been following their business seeing how it goes since they came out

09:27:34 Vallance: Yeah but they don't publish their feeds and now it doesn't even seem like they are paying out immediately (that's something I don't understand with automated services and Bitcoin)

09:27:50 Vallance: The biggest thing of it all is that they are a Gold Member at the BitcoinFoundation

09:27:58 Naphex: well flashing a Bitcoin Foundation Gold Member

09:28:03 Naphex: is in no way a sign of trust :)

09:28:14 Vallance: Oh, trust me I know

09:28:27 Vallance: They were shilling for them in a couple press releases on TBF

09:28:59 pankkake: so they still vouch for services - they have learned nothing

09:29:06 Vallance: but what gets me is that they don't even show where they are getting their data from, or will they disclose it

09:29:15 Vallance: They were very open about that.

09:29:18 punkman: Vallance: does uptdown.bt start the timer when they see your tx at zero conf?

09:30:00 pankkake: by the way http://btcoracle.com/ French competitor

09:30:02 assbot: BTCOracle | bitcoin binary options trading

09:30:03 Naphex: punkman: probably, i'd suck to do 60seconds binary options with 3 confirmations :)

09:30:05 Vallance: I've only tested it like twice with small amounts, I don't remember.

09:30:09 Vallance: Yeah I really like BTCOracle

09:30:32 pankkake: they're in my non-bitcoin web of trust

09:31:03 BingoBoingo: Vallance: Are you or your business in the foundation?

09:31:11 Vallance: No

09:32:12 BingoBoingo: Cool

09:32:36 punkman: pankkake: do they start the timer at zero conf?

09:32:49 pankkake: I don't know, I never used it myself

09:33:02 punkman: can't believe no one cares to put this in their FAQ

09:33:11 Vallance: The TBF hasn't even done anything positive for Bitcoin, all they have done is promote companies that end up ripping people off.

09:33:43 Vallance: They also made themselves a target to be slaughtered by the media because of their scandals

09:34:14 pankkake: " We use the time of the transaction from http://blockchain.info/ to determine the exact second where the option was created, and then we use the list of mtgox transactions that is available via the http://Bitcoincharts.com/ mtgox historic API to determine both the opening price and the closing price of the option. "

09:34:14 assbot: Bitcoin Block Explorer - Blockchain.info

09:34:15 assbot: Bitcoin Charts

09:34:19 pankkake: " In case of lag from blockchain.info timestamp, we will use the timestamp from our own client. We will always check for the earliest possible timestamp we can get to ensure you have the smoothest experience possible. "

09:34:36 pankkake: that FAQ should be updated

09:40:33 punkman: pankkake: cool, just gave it a try

09:44:45 Vallance: Okay so planefinder.net is telling me there are 4786 planes in the air and UpDown.bt is telling me 6318

09:47:19 Vallance: Flightradar24.com is saying around 6,300

09:49:41 pankkake: http://www.cnet.com/news/yahoos-mayer-apologized-for-being-late-to-advertiser-dinner/

09:49:42 assbot: Yahoo's Mayer 'apologized' for being late to advertiser dinner - CNET

09:51:26 punkman: good, Marissa's bet needs some drama

09:51:48 punkman: http://bitbet.us/bet/967/yahoo-ceo-marissa-mayer-to-be-yahoo-ceo/

09:51:48 assbot: BitBet - Yahoo CEO Marissa Mayer to be Yahoo CEO no more :: 0.06 B (40%) on Yes, 0.09 B (60%) on No | closing in 11 months 3 weeks | weight: 99`832 (100`000 to 1)

09:53:22 Vallance: Shares move down 9 percent after she overslept, lol.

09:54:03 Vallance: Why wouldn't you just come up with a bullshit story, i'd imagine it's hard enough being a female CEO of a tech company.

09:54:44 pankkake: perhaps it is the bullshit story

09:55:06 Duffer1: 9% because someone was late?

09:55:28 punkman: %book

09:55:29 atcbot: 65k@280 30k@279 50k@278 | 972k@199 750k@175 216k@160

09:55:30 Apocalyptic: talk about ration investors

09:55:36 Apocalyptic: *rational

10:05:15 pankkake: http://science.slashdot.org/story/14/06/25/2239246/matchcom-mensa-create-dating-site-for-geniuses

10:05:16 assbot: Match.com, Mensa Create Dating Site For Geniuses - Slashdot

10:08:22 Apocalyptic: pankkake, did you register ?

10:09:32 pankkake: what's the required IQ?

10:09:40 pankkake: not that I've done serious IQ tests

10:14:07 Apocalyptic: no idea

10:15:46 davout: pankkake: i think mensa requires 150 or sthg

10:16:23 pankkake: yes, so I probably can't

10:28:22 cazalla: oh wow, pokerstars was sold for 4.9b

11:00:26 assbot: [MPEX] [S.MPOE] 12618 @ 0.00082182 = 10.3697 BTC [-]

11:17:43 assbot: [MPEX] [S.MPOE] 25882 @ 0.00082272 = 21.2936 BTC [+] {2}

11:27:06 mircea_popescu: ;;ticker

11:27:08 gribble: Bitstamp BTCUSD ticker | Best bid: 566.96, Best ask: 569.0, Bid-ask spread: 2.04000, Last trade: 569.0, 24 hour volume: 8263.87757571, 24 hour low: 554.45, 24 hour high: 572.87, 24 hour vwap: 563.04930274

11:32:26 BingoBoingo: %t

11:32:27 atcbot: [X-BT] Bid: 199 Ask: 278 Last Price: 279 24h-Vol: 70k High: 279 Low: 222 VWAP: 258

11:39:13 BingoBoingo: !mpif

11:39:14 assbot: BtcAlpha.com F.MPIF Tracker estimated NAV per share: 0.00021746 BTC (Total: 434.93 BTC). Last trade for F.MPIF on MPEX was at 0.00023849 BTC [+]

11:42:07 assbot: [MPEX] [S.MPOE] 43592 @ 0.0008251 = 35.9678 BTC [+] {3}

11:51:27 pankkake: https://bitcointalk.org/index.php?topic=665403.0 no one even mentions the only profitable investment on Havelock

11:51:27 assbot: Why Do You Invest?

11:51:41 pankkake: they just like shit too much

11:53:28 mircea_popescu: which was that ?

11:55:20 assbot: [MPEX] [S.MPOE] 22673 @ 0.00082369 = 18.6755 BTC [-] {3}

11:56:08 punkman: but they are all profitable in lols

11:56:16 mircea_popescu: lol

11:56:18 mircea_popescu: YEAH!

11:56:23 mircea_popescu: profitlolable

11:56:49 punkman: who's lambchop

11:57:41 mircea_popescu: http://log.bitcoin-assets.com/?date=25-06-2014#732705

11:57:42 assbot: #bitcoin-assets log

11:57:48 mircea_popescu: iitl

11:58:24 pankkake: mircea_popescu: XBOND

11:58:37 mircea_popescu: was that namworld's ?

11:59:02 pankkake: no, ThickAsThieves. Namworld issued on BTC-TC

11:59:33 mircea_popescu: ah yes

11:59:37 pankkake: the two loans I know of, on BitFunder, defaulted

12:00:04 mircea_popescu: wait, namworld's loans you mean ?

12:00:27 pankkake: no

12:02:24 chetty: just when you thought it couldn't get any dumber:http://www.nytimes.com/2014/06/26/us/politics/boehner-to-seek-bill-to-sue-obama-over-executive-actions.html?_r=0

12:03:29 mircea_popescu: lol the butthurt of the world financial system @ argentina is palpable. order a payment to argentine anything ? "risk flagged transaction". why ? o, well... because we dun want argentina to has moneyz. won't you reconsider ?

12:04:24 mircea_popescu: chetty boehnerheaded will be a thing. longer than boneheaded, but it's worth it.

12:07:25 penguirker: New blog post: http://bitcoinism.liberty.me/2014/06/26/cash-and-credit-in-a-cryptocurrency-economy-part-2/

12:10:08 pankkake: so, argentina defaults?

12:10:59 mircea_popescu: no

12:11:02 mircea_popescu: it just doesn't pay.

12:11:43 mircea_popescu: justusranvier http://i.imgur.com/X85yxzk.jpg << i submit this to you. what's it look like, from a purely visual perspective ?

12:11:50 mircea_popescu: to me it looks like a bloody spamsite.

12:12:34 pankkake: what's the difference?

12:12:58 mircea_popescu: pankkake well that's the joke lol

12:13:33 pankkake: right; so my question here was more rhetorical: what next, since they won't be able to borrow anytime soon?

12:14:01 pankkake: of course, I remember the early "greece should default" voices and they were right

12:14:01 mircea_popescu: they will, and they are. just, not from the western block.

12:14:12 pankkake: weird

12:14:16 BingoBoingo: Well, Argentina buys some F.MPIF and backs their currency with that

12:14:35 mircea_popescu: what's mpif, 400 btc or so ?

12:14:36 pankkake: oh, that's why canada closed just-dice in retaliation

12:14:43 mircea_popescu: lmao

12:14:51 assbot: Last 4 lines bashed and pending review. ( http://dpaste.com/0WE0STH.txt )

12:14:51 BingoBoingo: !b 4

12:14:53 mircea_popescu: bitrisk! the game of international intrigue

12:15:49 Naphex: mircea_popescu: https://www.youtube.com/watch?v=FdWfJiVzKXU - I think it turned out alrighty :)

12:15:49 assbot: Introducere BTCXchange.ro - YouTube

12:15:54 mircea_popescu: anyway, what's next. real estate shock and possibly another currency

12:16:18 mircea_popescu: Naphex 4 views, how could it go wrong :D

12:16:36 Naphex: mircea_popescu: haha, i ment the content. just uploaded it

12:17:04 mircea_popescu: guy has me watching ads nao.

12:17:19 Naphex: might as well :)

12:17:26 Naphex: a pretty boring day

12:17:29 mircea_popescu: Naphex a ok. so what's this for ? tv doesn't take 143 second clips now does it ?

12:17:53 Naphex: mircea_popescu: nah, TV will have something different

12:19:21 Naphex: also need some better voiceover for tv

12:20:05 mircea_popescu: yeah the woman sounds like she's had a lot of fun in her youth.

12:22:31 Naphex: as well multi-currency is in testing, its gonna go live sometime next week.

12:22:38 Naphex: straight with EUR and USD support

12:22:50 BingoBoingo: https://twitter.com/BBoingo/status/482068187819696128

12:22:51 assbot: The scary thing, I more inclined to believe this than the louder mining manufacterers are getting their acts together http://t.co/rjLcP6YjPO

12:22:53 mircea_popescu: pretty cool

12:22:59 pankkake: same bank for both?

12:23:04 Naphex: pankkake: yep

12:23:07 mircea_popescu: BingoBoingo your grammer!

12:23:40 BingoBoingo: mircea_popescu: 140 characters...

12:23:48 assbot: [MPEX] [S.MPOE] 27404 @ 0.00082225 = 22.5329 BTC [-] {2}

12:24:07 mircea_popescu: o right

12:24:33 pankkake: indeed apparently, the less a manufacturer advertises the more it delivers

12:25:23 BingoBoingo: am was a casulty of twatter's tyranny

12:25:30 ThickAsThieves: <+moiety> i withdrew via wire transfer. its £91 short /// I've heard some places are taking taxes out automatically without saying so, is the 91 equivalent to some income tax rate or such?

12:26:19 ThickAsThieves: <+bloctoc> I haven't seen anyone boasting about how much money their ATM is making. /// I've seen some data from Robocoin users that do quite well - paid off their machines in 1-3mos

12:26:38 mircea_popescu: <pankkake> indeed apparently, the less a manufacturer advertises the more it delivers <<< not just in mining.

12:27:17 mircea_popescu: http://upload.wikimedia.org/wikipedia/commons/7/7c/Jaundice_in_newborn.jpg << needs caption ?

12:30:55 assbot: [HAVELOCK] [PETA] 20 @ 0.0477 = 0.954 BTC [+]

12:31:53 ThickAsThieves: <+punkman> good, Marissa's bet needs some drama /// lol this is how news looks when you piss of an advertiser

12:34:06 ThickAsThieves: <+mircea_popescu> to me it looks like a bloody spamsite. /// or at least made by amateurs

12:34:49 mircea_popescu: http://fraudsters.com/2009/website-uri-ce-n-au-nici-o-vina/

12:34:51 assbot: Website-uri ce n-au nici o vina. pe fraudsters - Un blog de Mircea Popescu.

12:34:55 mircea_popescu: pic is kinda self-explainatory

12:34:59 assbot: [HAVELOCK] [PETA] 49 @ 0.0477 = 2.3373 BTC [+]

12:36:21 ThickAsThieves: <+mircea_popescu> http://upload.wikimedia.org/wikipedia/commons/7/7c/Jaundice_in_newborn.jpg << needs caption ? /// tits or gtfo

12:36:33 mircea_popescu: nah kid is more like suspicious.

12:37:11 pankkake: tried to translate a comment. "deci iti faci toti trollarii numai din ciocolata? :)" => "So you do all trollarii only chocolate? :)"

12:37:23 pankkake: alternative is "So you do all trollarii only Business cards? :)"

12:37:50 ThickAsThieves: this Mayer article just brings to light how consistently useless CNET is

12:38:22 Naphex: pankkake: romanian has a way of carrying meaning into sentences that will prolly never translate :)

12:38:36 ThickAsThieves: sucks that she;s the first CEO that was ever late to a function

12:38:37 BingoBoingo: Has CNET ever been useful for anything other than discovering which flip phone can maintain contact with a tower?

12:38:41 Naphex: pankkake: "So you build all your trolls only of chocolate?" :)

12:39:03 ThickAsThieves: "CNET has contacted Yahoo for comment. "lolz

12:39:20 pankkake: oh. so trollarii really means troll (that's why I tried to translate) :)

12:39:31 Naphex: yeah, troll's slanged

12:39:44 ThickAsThieves: twitter has contacted reddit's instagram for comments

12:40:11 pankkake: I wonder if community manager is ever a real job. I've only seen interns do it

12:40:19 mircea_popescu: troll in english taken as is by romanian (because romanian considers all languages merely badly spoken, more retarded cases of using romanian) and then flexion applied

12:40:32 mircea_popescu: trollerii : plural, masculine noun of to troll

12:40:47 ThickAsThieves: the comments are even worse

12:41:15 pankkake: gendered trolls? awesome

12:41:18 mircea_popescu: aye.

12:41:27 mircea_popescu: troalele would be a bunch of she-trolls.

12:41:30 punkman: it's trollari in greek too

12:41:40 mircea_popescu: that's gypsy and verbal.

12:41:45 mircea_popescu: ;;google polari

12:41:45 gribble: Polari - Wikipedia, the free encyclopedia: http://en.wikipedia.org/wiki/Polari; aGLIFF Film Festival: aGLIFF Festival | aGLIFF - Polari: http://agliff.org/; Polari - British gay slang - Chris-d.net: http://chris-d.net/polari/

12:43:30 mircea_popescu: but yeah, you can have a whole language out of applying romanian grammar to english lexemes

12:44:22 mircea_popescu: dar da, poti haza o whoala limba din aplicarea grammarei romane pe lexeme englezesti.

12:44:32 mircea_popescu: it's even shorter, definitely lulzier

12:46:04 mircea_popescu: <pankkake> I wonder if community manager is ever a real job. I've only seen interns do it << it's generally what you hire slaves under training collars to do as their first thing.

12:46:59 pankkake: intern, slave, what's the difference? :)

12:47:48 mircea_popescu: slave gets laid.

12:48:12 assbot: [MPEX] [S.MPOE] 30900 @ 0.00082018 = 25.3436 BTC [-] {3}

12:48:15 mircea_popescu: ;;ud training collar

12:48:16 gribble: http://www.urbandictionary.com/define.php?term=traing%20collar | ... Training Day · Training Day'd · Training Day-ed · training film · Training for the Olympics · training heels · Training Issue · Training it ... traing collar isn't defined.

12:48:41 mircea_popescu: lol such innocence.

12:48:48 pankkake: that's not really slang

12:49:11 mircea_popescu: yeah, it is.

12:50:58 pankkake: great, France just approved a law where books are more expensive if bought online

12:51:01 BingoBoingo: Technical jargon

12:52:03 pankkake: because how dare you buy your books outside of crappy stores with no choice

12:52:15 ThickAsThieves: fee market

12:52:38 mircea_popescu: i find it very amusing that france, one of the most socialist places in the history of the world,

12:52:39 pankkake: not that it will change in any way how I shop. more money for amazon in the end… lol

12:52:46 mircea_popescu: is actually also one of the most rabidly conservative.

12:53:15 pankkake: that's what I tell my fellow Frenchmen. the right is fairly popular, but also fairly socialist

12:53:46 pankkake: and the French are clearly afraid of everything

12:54:00 mircea_popescu: it's almost as if they regret 1984 isn't a thing. either as depicted in fiction or as enacted by the soviets, they want the dull gray concrete damn it

12:54:51 pankkake: protect us from Anglo-Saxon culture, homosexuals and the free market, etc.

12:55:33 pankkake: and immigrants, how could I forget

12:55:53 ThickAsThieves: "PAMM technology allows a trader to open a "Slave" Account and follow a trading strategy of another professional and experienced bitcoin trader (Master)." "Using PAMM Account rating, charts and feedback from other traders you can easily tackle the tough task of selecting a successful and professional Master to follow." ~BTC-e

12:55:59 pankkake: (despite the majority of immigrants being white people from the EU)

12:56:34 pankkake: ThickAsThieves: OMG really? I love it

12:56:36 mircea_popescu: ThickAsThieves "how to select a losing strategy out of an array of moves made by people who opveral made money"

12:56:50 pankkake: but they used Slave and Master

12:56:57 pankkake: maybe they code in Django and are upset

12:57:01 mircea_popescu: lol

12:57:15 Azelphur: oh god not the slave and master thing again

12:57:17 *: Azelphur facedesks

12:57:45 mircea_popescu: "at this company we have a strict insulting variablespace policy. all functions are to be named in reference of parts of female anatomy. all variables are to be named in reference of parts of male anatomy."

12:57:53 ThickAsThieves: So the manipulators on BTC-e dont even need to schedule pumps anymore

12:57:59 mircea_popescu: cunt(dick,balls,shithole);

12:59:10 pankkake: it's how most developers I know write test code

12:59:48 Azelphur: the annoying part is that master and slave have been around since the dawn of time, it's a technical term and you can't just go write random bullshit, this is what people don't seem to get

13:00:11 mircea_popescu: Azelphur i beg your pardon ? they have changed the world!

13:00:13 Azelphur: If you say "set the jumpers on that drive to replica" nobody has a fuckin clue what you are on about

13:00:24 Azelphur: mircea_popescu: haha, indeed *facedesk*

13:00:30 mircea_popescu: you just don't understand progress.

13:00:37 Azelphur: clearly ;)

13:00:38 pankkake: especially since it would be wrong to say replica then!

13:00:48 Azelphur: pankkake: exactly, haha

13:00:54 mircea_popescu: pankkake maybe we should start doing this preemptively.

13:01:05 mircea_popescu: start calling stupid bitches "replicas". like you know, knockoff watches.

13:01:17 Azelphur: hahaha

13:01:19 pankkake: you already called developers fungible :(

13:01:27 mircea_popescu: works incredibly well you know ? schmuck comes in here to mouth off xmj style crap, "replica, please!"

13:01:35 pankkake: lol

13:01:44 chetty: hmm so what do we call stupid bastards ...there are more of them ya know

13:02:00 mircea_popescu: hm

13:02:19 mircea_popescu: need something that doesn't end in a thus tickling my expectation it's a feminine romanian noun.

13:03:50 *: Azelphur just ordered a LG G Watch \o/

13:03:55 BingoBoingo: http://www.reddit.com/r/Bitcoin/comments/2955z7/who_the_fuck_sent_108_btc_to_the_correct_horse/ < rofl

13:03:55 assbot: who the fuck sent 10.8 BTC to the "correct horse battery staple" brainwallet? : Bitcoin

13:04:33 BingoBoingo: chetty: You call the stupid dudes basic bitches

13:06:11 ThickAsThieves: replicunt

13:06:44 ThickAsThieves: http://www.moviefancentral.com/images/pictures/review74591/blade.jpg?1337623625

13:09:39 xmj: i love mircea_popescu

13:09:43 xmj: he's really pleasant.

13:09:48 xmj: <3

13:09:51 ThickAsThieves: Convicted Heavy Metal ‘Christian’ Singer Admits Being Atheist, Duped Fans to Sell Music

13:10:08 ThickAsThieves: (As I Lay Dying)

13:13:25 BingoBoingo: http://blogs.wsj.com/moneybeat/2014/06/25/bitbeat-why-bitcoins-scoring-goals-in-argentina/

13:13:26 assbot: BitBeat: Why Bitcoin’s Scoring in Argentina - MoneyBeat - WSJ

13:18:42 assbot: [HAVELOCK] [PETA] 18 @ 0.045 = 0.81 BTC [-]

13:24:00 Duffer1: someone duped a zealot in order to sell something

13:24:08 Duffer1: i'm shocked

13:26:50 assbot: [HAVELOCK] [PETA] 575 @ 0.0408204 = 23.4717 BTC [-] {16}

13:27:51 assbot: [HAVELOCK] [PETA] 135 @ 0.0401001 = 5.4135 BTC [-] {5}

13:28:07 BigBitz: !up up up! :)

13:31:14 chetty: http://www.bloomberg.com/news/2014-06-26/hospitals-soon-see-donuts-to-cigarette-charges-for-health.html

13:31:14 assbot: Hospitals Soon See Donuts-to-Cigarette Charges for Health - Bloomberg

13:36:12 chetty: not unexpected, but its still creepy

13:41:31 mircea_popescu: http://fraudsters.com/2014/the-problem-of-enforcement/ << request for arguments.

13:41:32 assbot: The problem of enforcement pe fraudsters - Un blog de Mircea Popescu.

13:42:20 penguirker: New blog post: http://www.thedrinkingrecord.com/2014/06/26/dogecoin-and-dystopia/

13:43:06 assbot: [MPEX] [S.MPOE] 37100 @ 0.00081968 = 30.4101 BTC [-]

13:44:58 mircea_popescu: o look, pantera and silbert are actually making sane investments.

13:46:10 ThickAsThieves: i wonder if i'm the guy who had the same fraudsters credits hash or whatever as someone else

13:46:43 ThickAsThieves: my cookie didnt work for a few days, then it did, but now i only have 4 credits left, or maybe thats' just the guest credits

13:46:50 pankkake: it's the guest credits

13:46:54 ThickAsThieves: and i need to reinitiate my cookie

13:46:58 mircea_popescu: sounds like the guest. put your cookie back in.

13:47:11 ThickAsThieves: word

13:47:23 mircea_popescu: the collision was, some guy made an order, fraudsters came back "pay x". he didn't. months later, other guy made order, fraudsters said "pay x" same x.

13:47:29 mircea_popescu: has nothing to do with cookies or such

13:59:24 moiety: mew

13:59:48 ThickAsThieves: So to distill your post, are you saying that we give up freedom for i-cant-believe-its-not-freedom because it's easy/comfortable/safe and now you want some real-butter IRC because you tasted real-butter bitcoin? Or are you just pointing out that people typically think they are more free than they really are (or, at least, willing to acknowlege).

14:00:12 mircea_popescu: im pointing out that now it just became cheaper to have actual freedom

14:00:22 mircea_popescu: and so irrespective of anyone's wish, that's what we'll do.

14:00:24 penguirker: New blog post: http://fraudsters.com/2014/the-problem-of-enforcement/

14:01:04 moiety: ThickAsThieves: I've heard some places are taking taxes out automatically without saying so, is the 91 equivalent to some income tax rate or such? << totally can't pinpoint exactly. in one breath they say it's their fee, in the next it's the banks but i've never had fees from my bank for incoming before. lesson learned.

14:01:49 mircea_popescu: ThickAsThieves to round out this point, do you know how justice worked in classical greece ?

14:02:28 ThickAsThieves: maybe i used to, now i just know what i see in movies

14:03:15 ThickAsThieves: if freedom is cheaper, isn't it also less valuable?

14:03:51 mircea_popescu: well basically, anyone having a problem with someone could sue before the city. the arguments reduced to "the other party sucks". if the suit was successful the other party was banished (killed, originally, but then they softened).

14:03:53 ThickAsThieves: like maybe it's just incantbelieveitsnotfreedom, just in a bigger box

14:03:55 mircea_popescu: if not, the accuser was.

14:04:23 ThickAsThieves: so each had equal risk

14:04:30 mircea_popescu: now contrast this with the very invasive modern style, as epitomised by the us system : you're allowed out of prison as long as you promise to not x y z

14:04:35 chetty: the counter party risk is something we really need

14:04:38 mircea_popescu: there's this constant negotiation and apportioning of things.

14:04:46 mircea_popescu: the greeks didn't have it. it was an all or nothing affair.

14:04:59 ThickAsThieves: except it surely wasnt for everyone

14:04:59 mircea_popescu: either you sue this guy under the title that he's basiclaly human waste,

14:05:01 mircea_popescu: or else stfu

14:05:25 mircea_popescu: whereas in english law you had a billion different causes for action. you can sue saying "this is a nice guy that has my cow"

14:05:29 ThickAsThieves: surely some bribed and pulled strings and framed people

14:05:33 mircea_popescu: surely.

14:05:50 mircea_popescu: famously plato tried to bribe the jury with 30 minae in socrates' case

14:05:54 mircea_popescu: this, in open court.,

14:06:39 mircea_popescu: (amusingly, 30 minae is also what neaira's ass cost.

14:07:55 mircea_popescu: anyway. it's my understanding that it's that apportioning that's the cause of evil.

14:08:14 mircea_popescu: just like an artisan is exactly NOT the guy who has a three ring binder telling him how to move and what shovel to use when, as per company policy

14:08:44 mircea_popescu: a free man is exactly NOT the guy who has to make a deal as to anything with anyone. none of this "to fly on the plane you must turn off your portable perfume dispenser" bs.

14:11:25 ThickAsThieves: while i dont disagree, it does kinda feeling we're just bitching that liars and scammers exist

14:12:00 mircea_popescu: how so ?

14:12:25 ThickAsThieves: well you are arguing for transparency, truth, efficiency, "realness"

14:12:53 mircea_popescu: notrly.

14:12:53 ThickAsThieves: opposed to compromise, deception, obfuscation

14:13:00 mircea_popescu: i dun think so.

14:13:07 chetty: The court said Thursday that President Barack Obama exceeded his authority when he invoked the Constitution's provision on recess appointments to fill slots on the National Labor Relations Board in 2012.

14:13:33 chetty: ThickAsThieves, truth is cheaper

14:14:00 ThickAsThieves: not emotionally, in installments

14:14:35 chetty: ThickAsThieves, well it grows on you :)

14:14:47 mircea_popescu: where's that hobbes quote about how everyone's life is basically the result of surrender to the state, which may at its option dispose of it ? thus everyone's a slave ?

14:15:06 mircea_popescu: fundamentally, it used to be cheaper to surrender, now it's cheaper to not. fundamental change of paradigm

14:15:07 ThickAsThieves: some seek comfort, some seek truth

14:15:42 ThickAsThieves: i kinda think it's all just smelling of roses

14:15:52 ThickAsThieves: observing the ebb and flow of necessity and invention

14:15:56 ThickAsThieves: order and chaos

14:16:26 Vexual: i ordered braised rabbit

14:16:55 ThickAsThieves: like your barbarian story

14:17:01 ThickAsThieves: and how i ended it differently

14:17:04 ThickAsThieves: same shit

14:17:28 mircea_popescu: doesn't seem too related.

14:18:33 ThickAsThieves: zoomed out, it does to me

14:20:17 ThickAsThieves: maybe it took the bullshit of our current state for someone to inspire to create Bitcoin, in turn, maybe you are the next Hitler

14:20:39 ThickAsThieves: and you'll inspire someone to dismantle you

14:20:40 ThickAsThieves: etc

14:21:12 mircea_popescu: the problem with being hitler is that you can actually reach this point where you've read too much to be one.

14:21:19 mircea_popescu: in general it happens in highschool.

14:21:34 ThickAsThieves: i mean it in a more black swan kinda way i guess

14:21:41 ThickAsThieves: you wont be hitler

14:21:45 ThickAsThieves: youll be Popescu

14:22:37 mircea_popescu: even so

14:22:44 chetty: the cycles will go around, probably wont be MP but hitler will come again, someday

14:23:00 ThickAsThieves: right

14:23:43 ThickAsThieves: maybe your vision for the world has horrible implications

14:23:54 ThickAsThieves: and someone needs to come along and fix it after youve gotten your way

14:24:27 pankkake: I see plenty of potential Hitlers

14:24:47 assbot: [MPEX] [S.MPOE] 14350 @ 0.00081941 = 11.7585 BTC [-] {2}

14:24:56 ThickAsThieves: has the topic of this NK comedy movie been brought up here?

14:25:17 ThickAsThieves: http://www.independent.co.uk/news/people/north-korea-threatens-to-wage-war-on-usa-over-seth-rogen-and-james-francos-kim-jongun-assassination-film-9562426.html

14:25:17 assbot: North Korea threatens war on USA over 'gangster filmmaker' Seth Rogen and James Francos Kim Jong-un assassination movie - People - News - The Independent

14:25:34 ThickAsThieves: Government warns of 'merciless' retaliation if US doesn't ban the actors' comedy

14:25:35 mircea_popescu: hm, i dun has a vision. what am i, some sort of reformer ?

14:25:43 mircea_popescu: i'm an intellectual, and therefore a critic.

14:25:51 ThickAsThieves: dont sell yourself short

14:25:57 ThickAsThieves: youre building something and you know it

14:27:11 mircea_popescu: yeah, tools to break things with.

14:29:54 chetty: long live the breakage

14:30:39 ThickAsThieves: wasnt S.WOL sposed to fire yesterday?

14:31:04 mircea_popescu: Vexual: is your scooter okay? <<< ahahaha such zing.

14:31:27 mircea_popescu: ThickAsThieves yeah i guess so huh!

14:31:34 mircea_popescu: mike_c hows teh bitcoin side ?

14:31:57 thestringpuller: ;;seen nubbins`

14:31:57 gribble: nubbins` was last seen in #bitcoin-assets 2 days, 19 hours, 9 minutes, and 11 seconds ago: <nubbins`> http://i.imgur.com/FxQz6tB.gif

14:32:34 thestringpuller: ;;later tell nubbins` You got a hook up on printing cardboard cutouts?

14:32:34 gribble: The operation succeeded.

14:33:17 mircea_popescu: pankkake: wait you can buy F.DERP too? << yeah, next month

14:33:33 mircea_popescu: moiety sounds like you got charged a wire fee

14:33:51 mike_c: bitcoin side almost done. expect to ship it tmw.

14:34:06 mircea_popescu: what's that, two weeks ?

14:34:09 mircea_popescu: there you go tat.

14:35:07 ThickAsThieves: hmm

14:35:10 ThickAsThieves: i meant the ipo

14:35:15 ThickAsThieves: says 6/25

14:35:53 mircea_popescu: well it listed on the 25th

14:36:37 ThickAsThieves: "War of Life will offer one block of 500`000 (five hundred thousand) shares for a nominal value of 0.00003 BTC each, for a total equity value of 15 BTC starting on June 25th, 2014."

14:36:42 ThickAsThieves: i see no block

14:37:30 mircea_popescu: well it's not done it before the 25th, so there we go :D

14:37:49 ThickAsThieves: lol

14:38:06 ThickAsThieves: i'm still confused, but whatever

14:38:08 mircea_popescu: i must be a native asshole the way i phrase these things, i had fully intended it be done yest, but look that it actually supports eventual reality.

14:38:11 moiety: D; was my passport money! another day, another lesson though right :]

14:38:24 ThickAsThieves: scamz

14:38:27 mircea_popescu: anyway, the story is, was gonna do it yest but wanted to have bitcoin active so waiting a little for mike.

14:38:35 mircea_popescu: i see no real downside in holding it back a day or w/e

14:38:52 ThickAsThieves: other than not doing what you said

14:38:58 ThickAsThieves: in writing

14:39:15 mircea_popescu: other than not doing what i had intended / you thought i said! what i actually said however, is starting on.

14:39:23 ThickAsThieves: ...

14:39:27 pankkake: http://www.coindesk.com/anonibet-talks-bitcoin-foundation-membership-world-cup-contest/ " company decided to formally support the Bitcoin Foundation"

14:39:27 assbot: Anonibet Talks Bitcoin Foundation Membership, World Cup Contest

14:39:47 mircea_popescu: ThickAsThieves it's like, "tvs from 59.99". doesn't mean any tv in the shop is 60 bux

14:39:55 ThickAsThieves: cmon now

14:39:59 mircea_popescu: noh!

14:40:15 ThickAsThieves: dis nigga all coy

14:40:30 mircea_popescu: pankkake look at that lol.

14:40:44 mircea_popescu: if im supposed to be butthurt i'm not vessy boy.

14:41:19 BingoBoingo: ;;lasers

14:41:19 gribble: ┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew!* *pew!* *pew!*

14:42:07 ThickAsThieves: the difference with not firing the ipo when you said you would is i gotta spend more time watching the orderbook to get in, which i suppose could be your plan, letting bids swell

14:42:17 chetty: omg, MP got a date wrong, hang him

14:42:25 mircea_popescu: you can just put a bid in for your price neh ?

14:42:40 ThickAsThieves: and then a day later my price is below needed?

14:42:48 mircea_popescu: holy shit that thing's full.

14:43:03 ThickAsThieves: lol

14:43:10 ThickAsThieves: hey mp, you have a stock exchange

14:43:13 ThickAsThieves: just reminding you!

14:43:15 mircea_popescu: i had no idea lol.

14:43:38 mircea_popescu: ok, sorry everyone! the order shall fire at, lemme see here

14:44:29 thestringpuller: ;;lasers

14:44:29 gribble: ┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew!* *pew!* *pew!*

14:49:17 mircea_popescu: 1403821800 aka GMT: Thu, 26 Jun 2014 22:30:00 GMT

14:51:10 moiety: picture of the day: http://31.media.tumblr.com/tumblr_me1y3zAjfV1qm0kmzo1_500.jpg

14:51:33 chetty: non-bitcoin scams: Bloomberg reports that China?s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions

14:54:24 ThickAsThieves: thx mp

14:54:28 mircea_popescu: obviously there's no reason to distrust new york.

14:54:32 mircea_popescu: or how did that go

14:54:41 mircea_popescu: ThickAsThieves ma pleasure rly.

14:54:50 ThickAsThieves: so now maybe a good time to buy gold

14:56:15 pankkake: ;;bc,xau

14:56:18 gribble: 1 XAU = 1315.500000000000 USD = 2.31598035246 BTC

14:56:55 Duffer1: isn't there a bitbet it'll close at under 1k by the end of the year?

14:57:06 ThickAsThieves: i'll take that bet that it wont

14:57:34 ThickAsThieves: i was trying to chart BRK.B today because of the new bitbet, it's well-priced

14:57:36 Duffer1: you probably wouldn't win very much :P

14:57:42 mircea_popescu: artifexd can []bot take a search and return the result from bitbet ?

14:58:26 ThickAsThieves: BRK.B shareprice just hit the top of a longterm channel, but it's a steep one so it could get to $135 still

14:59:47 Duffer1: what do you think of tesla closing at 250+ ?

15:01:12 ThickAsThieves: pretty likely

15:01:27 ThickAsThieves: people are musk-wild right now

15:02:00 Duffer1: it's not unfounded

15:02:00 ThickAsThieves: a new batch of people discovered he has a solar co too, so that exploded upward too

15:02:10 ThickAsThieves: longterm, sure

15:02:19 pankkake: is he the new steve jobs?

15:02:26 Duffer1: steve was a twat

15:02:28 ThickAsThieves: nah

15:02:35 ThickAsThieves: he doesnt care about consumers like jobs

15:02:41 pankkake: lol

15:02:46 pankkake: care, as in fuck?

15:02:58 ThickAsThieves: pretty much yeah

15:03:26 ThickAsThieves: i didnt mean care "for" that's for sure

15:04:09 Duffer1: i like the nature of elons projects

15:04:14 ThickAsThieves: but similar in that he's doing what makes sense to him and fuck otherwise

15:04:15 Duffer1: space and renewables

15:04:56 ThickAsThieves: but i think TSLA can be had at cheaper prices as all

15:05:15 ThickAsThieves: is all*

15:05:20 Duffer1: i agree

15:05:38 Duffer1: by the time i'm even aware of an offer the speculators have driven price beyond all reason

15:06:05 ThickAsThieves: just like altcoins

15:06:09 ThickAsThieves: hehe

15:06:13 ThickAsThieves: and

15:06:17 ThickAsThieves: thats how they git ya!

15:07:33 Duffer1: maxcoin lol...

15:08:46 ThickAsThieves: MaxCoin $ 810,048 $ 0.035170 23,032,368 MAX

15:08:56 pankkake: I got banned from /r/litecoin, and before that had posts stealth-deleted. they're bagholding so hard!

15:09:19 Duffer1: 800k market cap my bleeding arsehole

15:09:31 assbot: [MPEX] [S.MPOE] 15700 @ 0.00082107 = 12.8908 BTC [+]

15:09:46 pankkake: it's the power of asshole pumping

15:09:48 Duffer1: there's only 18.4 btc buys on mcxnow

15:10:08 ThickAsThieves: my guess is you can squeeze out about 10% of an altcoins market cap if you sell no faster than 10% of the time it's existed

15:11:15 []bot: Bet placed: 3 BTC for No on "Gold <= 1000 USD in 2014" http://bitbet.us/bet/785/ Odds: 15(Y):85(N) by coin, 19(Y):81(N) by weight. Total bet: 4.77957601 BTC. Current weight: 60,446.

15:11:27 Duffer1: hehe

15:11:30 ThickAsThieves: :)

15:12:04 Duffer1: i'm not a gambler, but that one doesn't seem like a risk at all

15:13:55 pankkake: now I want to bet yes :p

15:14:04 pankkake: didn't gold go from 2000 to 1something some year ago?

15:14:44 pankkake: I unfortunately bought gold just before

15:14:51 Apocalyptic: It did

15:15:34 Duffer1: ouch

15:15:36 ThickAsThieves: it hit a little under 1200 in the past year

15:15:43 ThickAsThieves: i think that was bottom

15:35:23 pankkake: http://www.coindesk.com/government-sale-bitcoin-establishes-fungibility-precedent/ Regardless of the morality of pre-trial asset forfeiture, the sale via auction of approximately $17 million worth of bitcoin by the USMS will establish the first governmental precedent for bitcoin fungibility, which could become significant for future bitcoin-related cases involving ‘blacklisting’, or ‘tainted bitcoin’.

15:35:23 assbot: Government Sale of Bitcoin Establishes Fungibility Precedent

15:37:35 ThickAsThieves: http://www.forbes.com/sites/kashmirhill/2014/06/26/bitcoin-bitstamp/

15:37:36 assbot: The Bitcoin Economy's 'Backbone' Is Bitstamp, An Exchange Run By Two Young Slovenians - Forbes

15:38:36 pankkake: wait their lanyards say "fucking amazing"

15:38:36 assbot: AMAZING COMPANY!

15:42:24 kakobrekla: >“We’re the backbone of the entire Bitcoin industry,” says Kodrič, 25, who’s wearing a black t-shirt with “Zero Excuses” in fluorescent green capital letters.

15:42:25 kakobrekla: lmao

15:43:18 ThickAsThieves: kako why arent you in the picture?

15:43:33 kakobrekla: who is kako?

15:43:39 ThickAsThieves: some dude

15:43:45 kakobrekla: some schmuck

15:47:21 Duffer1: good lord

15:55:55 moiety: he won't even allow his reflection to be snapped :P

15:56:27 penguirker: New blog post: http://bitcoinassetsreception.wordpress.com/2014/06/26/summary-26-may-25-june/

15:57:53 kakobrekla: i see you are kept busy moiety - gg

15:58:59 moiety: thanks. i hope it's enough. i was trying to be as connected as possible over the move.

16:00:22 assbot: [HAVELOCK] [B.MINE] [PAID] 1.79952895 BTC to 9`635 shares, 18677 satoshi per share

16:01:09 kakobrekla: thats prolly more phonecalls than i had in a year

16:02:22 moiety: lol me too normally XD

16:16:31 thestringpuller: http://dogeon.org/

16:16:31 assbot: DSON - Doge Serialized Object Notation

16:17:11 *: moiety is becoming allergic to anything doge - can't click

16:17:29 thestringpuller: it may give you a seizure in sex weeks

16:17:51 moiety: bahahaha omg just took a drink, coffee everywhere

16:29:04 benkay: <mircea_popescu> it just doesn't pay. // how is this not a default? am i missing the sarcasm?

16:29:13 benkay: pf nvm okay

16:30:51 assbot: [HAVELOCK] [AM1] 10 @ 0.19494037 = 1.9494 BTC [+] {5}

16:35:57 assbot: [HAVELOCK] [PETA] 25 @ 0.04397947 = 1.0995 BTC [+] {2}

16:53:07 BingoBoingo: moiety: http://www.thedrinkingrecord.com/2014/06/26/dogecoin-and-dystopia/

16:53:07 assbot: DogeCoin and Dystopia | Bingo Blog

16:56:08 pankkake: thestringpuller: with the url, I was thinking "this may be a json like doge but that's such a silly thing why do I even think about that"

16:56:43 pankkake: I love it. it has a bunch of libs too

17:06:06 punkman: 26-06-2014 Pending More YES than NO on this bet

17:06:08 punkman: lol

17:07:23 kakobrekla: has been tried on numerous occasions, never was or will be accepted

17:08:01 moiety: BingoBoingo: perfect

17:08:49 BingoBoingo: moiety: You didn't watch the horror video did you?

17:09:17 moiety: i've banned myself from streaming but its only 35 so will do now

17:10:24 moiety: jesus christ is the dogers in lego form

17:10:28 BingoBoingo: I recommend against watching it if you enjoy your eyes and ears

17:10:42 moiety: << already scarred

17:11:02 moiety: why the fuck have people been telling me this movie is good?

17:12:18 BingoBoingo: moiety: Because you run a dogecoin cam site on the side?

17:12:51 BingoBoingo: Or did you take that cam thing out

17:15:36 BingoBoingo: %diff

17:15:38 atcbot: [ATC Diff] Current Diff: 511511.43 Est. Next Diff: 395074.76 in 1754 blocks (#38304) Est. % Change: -22.76

17:16:36 moiety: nah it's still there. I had to make them a dedicated room for cam spam.

17:17:11 ThickAsThieves: i watched half of the lego movie in a flight

17:17:17 ThickAsThieves: it's kids stuff

17:17:30 ThickAsThieves: the everything is awesome song is pretty awesome tho

17:17:30 moiety: half? did you try to exit the plane half way?

17:17:31 ThickAsThieves: of course

17:17:43 ThickAsThieves: no, i ran out of other things i felt like doing

17:17:51 ThickAsThieves: so picked up the movie halfway in

17:18:09 ThickAsThieves: it was one of those shitty systems where you cant initiate a movie from anytime you want

17:18:38 moiety: do you really wish you had seen it form the start? 35 seconds was enough for me to want to peel my own skin off

17:18:54 ThickAsThieves: no i have no desire to go back and see what i missed

17:19:07 BingoBoingo: It really is the worst socialist propoganda I've been exposed to.

17:19:08 ThickAsThieves: the only thing worth taking from the movie is that song

17:19:17 ThickAsThieves: cuz it's so ridiculous that i like it

17:19:30 moiety: i can now thank BB for two of the most awful things i have ever seen and cannot unsee

17:19:48 BingoBoingo: $36 coffee?

17:20:33 ThickAsThieves: the song is sorta like AMAZING COMPANY

17:20:40 ThickAsThieves: EVERYTHING IS AWESOME!

17:27:14 []bot: Bet created: "Bank of England to raise Bank Rate before February" http://bitbet.us/bet/968/

17:28:36 moiety: jesus they can't be helped: "i need an online wallet" "don't use an online wallet, use dropbox!" *facedesk*

17:28:40 pankkake: from 11 to 0.5, lol

17:29:36 moiety: BingoBoingo: first sharpie bum boy, now lego scarring, don't make it a hattrick please. i value my sanity.

17:30:08 pankkake: moiety: encrypted wallet.dat on dropbox is certainly more secure - actually I can't find any drawback in terms of security or privacy

17:30:09 BingoBoingo: lol

17:30:20 pankkake: not that I would recommend it

17:30:40 BingoBoingo: pankkake: Well other than the frequent dropbox security breaches let everyone know you have a wallet.dat

17:30:42 moiety: just no to dropbox out of principle

17:31:05 BingoBoingo: OMG the better alternative to CoinBase died http://valleywag.gawker.com/the-laundry-quarters-startup-is-dead-1596481798/+laceydonohue

17:31:05 assbot: The Laundry Quarters Delivery Startup Is Dead (And in Hell?)

17:31:08 pankkake: oh, I hate dropbox, I consider that everything you put there is public

17:31:36 moiety: dropbox: so insecure we wrote a paper to prove it

17:32:14 pankkake: BingoBoingo: at least they decided to end it early

17:32:45 BingoBoingo: The comments are the best "I admire their "give up" attitude." "Not enoug people give up"

17:33:21 BingoBoingo: !up MobGod

17:34:33 pankkake: BingoBoingo: http://www.overcomingbias.com/2014/02/fail-faster.html (I thought I linked this here before, but perhaps only in a blog comment)

17:34:34 assbot: Overcoming Bias : Fail Faster

17:35:50 punkman: ;;buy 10000 ATC @ 0.02 BTC

17:35:51 gribble: Order id 20898 created.

17:37:59 pankkake: that 2 BTC sports bet rule is harsh

17:38:03 BingoBoingo: %book

17:38:04 atcbot: 65k@280 30k@279 50k@278 | 972k@199 750k@175 216k@160

17:38:20 BingoBoingo: But Bitbet had to stop the bleeding

17:40:21 pankkake: understandable, just saying there might be less expensive solutions

17:40:41 pankkake: I don't bet on sports, I would bet on starcraft but I ended up being the only one (and losing)

17:42:01 BingoBoingo: I don't think any of the line books that tried e-stuff were able to keep it up

17:44:39 ThickAsThieves: <+pankkake> I don't bet on sports, I would bet on starcraft but I ended up being the only one (and losing) /// it's kinda surprising how little Bitcoin has penatrated the gamer community

17:44:52 ThickAsThieves: penetrated*

17:45:11 pankkake: perhaps because gamers seldom penetrate (ha ha!)

17:45:16 ThickAsThieves: i'd totally bet on single Dota 2 games

17:45:24 ThickAsThieves: that i could play in with friends

17:45:25 thestringpuller: nerds

17:45:29 pankkake: but anyway, gamers were mining quite early, but perhaps they sold early too

17:45:59 jborkl: Hi, got your message thestringpuller

17:46:06 ThickAsThieves: gamers/programmers, not gamers/woot customers

17:46:24 pankkake: but yeah I don't get it

17:46:51 ThickAsThieves: twitch.com taking bitcoin might help

17:46:56 jborkl: I think in Korea Starcraft betting was popular

17:47:12 ThickAsThieves: or Steam using bitcoin

17:47:38 pankkake: I don't use steam but I often see gift codes for sale in btc

17:49:01 jborkl: thestringpuller : Thank you also

17:49:12 ThickAsThieves: http://www.theverge.com/2014/6/26/5845930/google-turns-on-its-crazy-modular-phone-in-public-for-the-first-time

17:49:13 assbot: Google turns on its crazy modular phone in public for the first time | The Verge

17:49:19 ThickAsThieves: it's like a PC, but inside out!

17:51:40 ThickAsThieves: as the GoPro IPO was today

17:52:26 pankkake: I'm not sure the concept will ever be practical but I'd really like it. that's why I like full grown PCs

17:52:39 pankkake: I don't have to find the best compromise, I just have the best

17:53:32 ThickAsThieves: The stock was priced near the top of its range at $24 a share and quickly rose to $30 in early trading, meaning the company is worth a little more than $3 billion.

17:54:14 pankkake: only 3 instagrams

18:00:11 FabianB: $traded

18:00:12 empyex: FabianB: Traded in last 24 hours: S.MPOE

18:05:02 moiety: i wish steam would accept btc

18:05:32 moiety: i do like steam, must admit

18:07:09 kakobrekla: hahahah

18:07:10 kakobrekla: >I'm not unable. I'm unwilling. There is a difference. I won't bother you with details of licenses and fiduciary duties, blah, blah, blah... Instead I will just say that any recommendation I gave could be viewed as a conflict of interest due to my affiliation with something that could be irrationally misconstrued as a security. Therefore, I am not willing to give you a recommendation on a specific investment, only to educate you so th

18:07:10 kakobrekla: may be better prepared to choose one for yourself.

18:07:14 kakobrekla: gold.

18:07:20 penguirker: New blog post: http://www.bcoinnews.com/part-1-bitcoin-mining-network-difficulty/

18:07:43 kakobrekla: >due to my affiliation with something that could be irrationally misconstrued as a security < got that shit right.

18:08:36 mike_c: you arguing on tardtalk again?

18:08:47 kakobrekla: no was banned 3 times, jus readin

18:09:16 kakobrekla: best place for humor

18:09:34 mike_c: that did sound funny. link?

18:09:52 kakobrekla: hm lemme try find

18:10:16 kakobrekla: https://bitcointalk.org/index.php?topic=665403.msg7518740#msg7518740

18:10:17 assbot: Why Do You Invest?

18:10:18 kakobrekla: thar

18:10:25 BingoBoingo: Wonder when this sort of scam is finding bitcoin? http://carbondaletimes.com/051614habitat

18:10:27 assbot: Jury indicts Campus Habitat owner | Carbondale Times

18:11:23 BingoBoingo: Dude buys thing, then buys thing again from himself

18:11:37 mike_c: hah. that is humor. "At first I started investing in these things because I thought I was actually helping the bitcoin ecosystem. It turns out I've been helping the twat-waffles of the bitcoin ecosystem."

18:12:01 kakobrekla: :)

18:12:07 mike_c: i don't know what a twat-waffle is, but he sounds right to me.

18:12:19 kakobrekla: lol

18:15:03 mike_c: !t h smg

18:15:03 assbot: [HAVELOCK:SMG] 1D: 0.00004912 / 4.92E-5 / 0.00005000 (1100 shares, 0.05412084 BTC), 7D: 0.00004912 / 4.931E-5 / 0.00005016 (1340 shares, 0.06607088 BTC), 30D: 0.00004000 / 5.6E-5 / 0.00007570 (15620 shares, 0.87466372 BTC)

18:15:34 mike_c: ;;calc 0.00004912 / 0.000091

18:15:34 gribble: 0.53978021978

18:15:51 pankkake: http://www.reddit.com/r/BitcoinStocks/comments/29313f/why_do_you_invest/ for more lulz. I mean, there's a clear objective demonstration that investing on havelock is a pretty sure loss, and they… ignore it

18:15:52 assbot: Why Do You Invest? : BitcoinStocks

18:16:07 mike_c: havelock share of s.mg is worth 54% of a mpex share of s.mg.

18:16:17 thestringpuller: LOL

18:16:26 assbot: Last 5 lines bashed and pending review. ( http://dpaste.com/0P6WE32.txt )

18:16:26 thestringpuller: !bash 5

18:18:37 assbot: [HAVELOCK] [PETA] 20 @ 0.04397982 = 0.8796 BTC [+]

18:19:38 assbot: [MPEX] [S.MPOE] 7300 @ 0.00082511 = 6.0233 BTC [+]

18:20:32 mircea_popescu: http://fraudsters.com/2014/if-youre-one-of-the-numerous-buenos-aires-printing-shops-ill-be-harassing-over-the-day/ << i got my cards.

18:20:33 assbot: If you’re one of the numerous Buenos Aires printing shops I’ll be harassing over the day pe fraudsters - Un blog de Mircea Popescu.

18:21:21 mike_c: pic?

18:21:41 mircea_popescu: ya sec adding a detailed one

18:22:20 mircea_popescu: there we go

18:23:03 punkman: no pink?

18:23:19 Mats_cd03: ;;ident mircea_popescu

18:23:19 gribble: Nick 'mircea_popescu', with hostmask 'mircea_popescu!~Mircea@pdpc/supporter/silver/mircea-popescu', is identified as user 'mircea_popescu', with GPG key id 8A736F0E2FB7B452, key fingerprint 6160E1CAC8A3C52966FD76998A736F0E2FB7B452, and bitcoin address None

18:23:20 mircea_popescu: sadly.

18:23:28 mircea_popescu: i don;t think they have cunts in this cuntry.

18:23:30 Mats_cd03: a makes sense now

18:24:45 mircea_popescu: http://itraveleasy.com/bitcoins-most-controversial-startup/ < who;s this ?

18:24:46 assbot: Bitcoin’s Most Controversial Startup | I Travel Easy

18:26:38 mike_c: you know what makes an article easier to read? italicizing the entire thing.

18:28:47 mircea_popescu: that and comic m

18:28:48 mircea_popescu: s

18:29:06 chetty: that is like the like worst article evea

18:31:36 ThickAsThieves: pff ya lambchop just pretending xbond didnt exist

18:31:42 mircea_popescu: ThickAsThieves: i think that was bottom < something like that

18:31:53 mircea_popescu: ThickAsThieves what was total volume on it ?

18:32:00 ThickAsThieves: xbond?

18:32:01 pankkake: ThickAsThieves: PMed him. we'll see

18:32:14 ThickAsThieves: 2000btc sold i think

18:32:14 pankkake: that article looks like a spambot creation

18:32:36 ThickAsThieves: i'd have to look it up, my memory is shit

18:32:39 mircea_popescu: kakobrekla: >“We’re the backbone of the entire Bitcoin industry,” says Kodrič, 25, who’s wearing a black t-shirt with “Zero Excuses” in fluorescent green capital letters. <<< ahahaha epic

18:33:16 punkman: shouldn't that say "CANS + STRING"

18:33:27 punkman: maybe another tshirt for nubbins to print

18:33:38 mircea_popescu: moiety http://bitcoinassetsreception.wordpress.com/2014/06/26/summary-26-may-25-june/ << pretty cool.

18:33:39 assbot: Summary 26 May-25 June | #Bitcoin-Assets Reception

18:33:55 BingoBoingo: #BITCOIN-ASSETS: All Cans, No String

18:34:29 ThickAsThieves: a set of shirts, where one shirt has a can and half a string, and the other shirt has the other can

18:34:48 moiety: :D sorry it was such a long time span

18:35:36 pankkake: http://cdn.funnie.st/wp-content/uploads/2013/09/Thongs-6.jpg <= a can and a string, #bitcoin-assets style

18:35:38 mike_c: heh. or one can on front, one on back, string wraps around your side.

18:35:39 mircea_popescu: benkay just ftr i based your sarcasm :D

18:35:47 moiety: i wouldve like nubbins` to print a top with #bitcoin lower back and then wee shorts with -assets on the arse

18:35:57 mircea_popescu: mike_c ah, my sides.

18:35:58 ThickAsThieves: <+BingoBoingo> #BITCOIN-ASSETS: All Cans, No String /// sounds like a slogan for strip joint

18:36:09 mircea_popescu: that'd be all jugs no strings

18:37:21 ThickAsThieves: hilarious, now media says SELL! "Barclays has given Netflix an Underweight rating, with a price target of $390, which is around 11% lower than its current stock price."

18:37:47 ThickAsThieves: We'd like to make at least 11% on this trade, thank you kind public.

18:37:56 mircea_popescu: pankkake: moiety: encrypted wallet.dat on dropbox is certainly more secure - actually I can't find any drawback in terms of security or privacy << stock "encrypted" wallet leaks a lot of metadata.

18:38:01 mircea_popescu: gpg the file, then ok.

18:38:29 mircea_popescu: ThickAsThieves fwiw i don't see the case for netflix. what are they going to do ?

18:38:37 moiety: gpg is the only encryption for me :D

18:38:39 pankkake: compared to online wallet, all the same - you're leaking to the online wallet

18:38:46 ThickAsThieves: they arew going to go down to 390

18:38:48 ThickAsThieves: :)

18:39:02 ThickAsThieves: hopefully, cuz i shorted at 444.44

18:39:04 mike_c: netflix is doing good original content. it's a new HBO.

18:39:47 ThickAsThieves: netflix will do fine

18:39:49 mircea_popescu: "Young male founders must all be drinking the same Soylent. Either that or they have a hard time?" USING THE NOGGIN ?

18:39:56 ThickAsThieves: they justw wont grow as quickly as market wants

18:40:00 ThickAsThieves: so stock will go in waves

18:40:13 mircea_popescu: mike_c you know what tried that ? the original company hiring the pierce muppet as a male twink escort.

18:40:29 mircea_popescu: it left one of the largest craters in dotcom history.

18:41:00 ThickAsThieves: it wont be long before TV is computer and channels are websites, etc, just as netflix gains ground, theyll gain competition from all over

18:41:02 mircea_popescu: !up cuwirebeard

18:41:10 mircea_popescu: ThickAsThieves but not money.

18:41:36 mircea_popescu: you know how people used to make a living writing books ? and you know how it wasn't long before all books were blogs and whatnot ?

18:41:56 ThickAsThieves: i think they can surive and even grow in the long term, i just wouldnt invest in them long term


18:43:04 ThickAsThieves: verizon emailed me saying they are sad i'm gone today, and that theyve change

18:43:04 Duffer1: imo they'll need to do a lot better than what they currently offer

18:43:06 ThickAsThieves: d

18:43:18 Duffer1: what do you have now?

18:43:40 ThickAsThieves: i dont have a cell

18:43:53 mircea_popescu: ThickAsThieves i did say the case tho. i mean, grow, sure, fine. doing what ?

18:43:57 ThickAsThieves: i had their mifi

18:44:02 assbot: [MPEX] [S.MPOE] 10549 @ 0.00082432 = 8.6958 BTC [-] {2}

18:44:06 Duffer1: ah thought you meant broadband

18:44:18 cuwirebeard: And just as govts burn(ed) books theyll burn...internets!

18:44:32 ThickAsThieves: curation of original content, convenience -- the new equivalent of a good TV channel

18:44:42 mircea_popescu: what govt burned book s?

18:44:57 mircea_popescu: ThickAsThieves this i wish to see

18:45:20 mircea_popescu: Subject: Your FED TAX payment (ID:03SIRS815097882) was Rejected

18:45:20 mircea_popescu: From: "TAX@irs.gov" <tax@irs.gov>

18:45:27 mircea_popescu: sucks to be me i guess

18:45:30 ThickAsThieves: lol

18:45:47 ThickAsThieves: happens to the best of us

18:45:47 mike_c: i got a paper version of that scam recently

18:45:50 mircea_popescu: restart a client server ?

18:45:56 mircea_popescu: why not a plantanimal

18:46:07 ThickAsThieves: youll pull through it

18:46:09 mike_c: actually got me for a second.

18:46:20 ThickAsThieves: hax!

18:46:39 BingoBoingo: Was that it?

18:53:27 gribble: Bitstamp BTCUSD last: 566.3, vol: 5331.23512684 | BTC-E BTCUSD last: 568.297, vol: 3770.40863 | Bitfinex BTCUSD last: 573.05, vol: 6526.95326517 | CampBX BTCUSD last: 583.53, vol: 62.06868508 | BTCChina BTCUSD last: 577.718145, vol: 2677.55970000 | Kraken BTCUSD last: 574.42282, vol: 7.83281339 | Bitcoin-Central BTCUSD last: 569.53665, vol: 40.24475231 | Volume-weighted last average: (1 more message)

18:54:51 BingoBoingo: ;;more

18:54:51 gribble: 570.829819679

18:54:58 mircea_popescu: pankkake: understandable, just saying there might be less expensive solutions << perhjaps, but you gotta understand, there's no game in the world that's cheaper than 1k.

18:55:07 mircea_popescu: just busing the competitors in and that's the budget.

18:55:32 ThickAsThieves: how much do you guys think the SR coins will auction for?

18:55:33 mircea_popescu: ThickAsThieves: that i could play in with friends << private bet is your friend.

18:55:57 BingoBoingo: I honestly wouldn't be surprised if Silbert bid above market

18:56:15 ThickAsThieves: problem is no one i know in dota uses bitcoin, and oddly a couple weeks ago they just all stopped signing on

18:56:21 mircea_popescu: depends who buys it. if any non alligned buyer actually makes a serious offer, upwards of 25mn. if nobody gets involved and the original plan can proceed, 15mn or so.

18:56:41 ThickAsThieves: but if it were ubiquitous in the game, itd get used

18:57:09 mod6: %ob

18:57:11 atcbot: 65k@280 30k@279 50k@278 | 972k@199 750k@175 216k@160

18:57:53 benkay: <mircea_popescu> benkay just ftr i based your sarcasm :D // pardon?

18:58:02 mircea_popescu: bashed*

18:58:16 benkay: ah wd ty

18:58:24 benkay: my goal is to have at least 5 in the top-of-all-time

18:58:35 benkay: bash kinda has silly dynamics what with winner-taking-all

18:58:47 mircea_popescu: lol

18:59:21 mike_c: hmph. weight fail. http://bitbet.us/bet/951/silk-road-coin-auction-extravaganza/

18:59:21 assbot: BitBet - Silk Road Coin Auction Extravaganza :: 2.15 B (29%) on Yes, 5.3 B (71%) on No | closing in 5 hours 39 seconds | weight: 2`345 (100`000 to 1)

18:59:35 mike_c: no reason to go to 1 on that. should have been 80k, 90k.

19:00:10 ThickAsThieves: i wanted the price to be murky

19:00:18 mircea_popescu: At the risk of stemming the stimulating debate revolving around OGNasty's smartiferous proposition "losing money on various bitcoin investings is teh road to riches,"

19:00:20 ThickAsThieves: bet early!

19:00:46 pankkake: he added XBOND https://bitcointalk.org/index.php?topic=666993.0

19:00:46 assbot: Havelock Securities At A Glance: The SRS BZNZ Edition

19:01:01 mircea_popescu: smartiferous should totally be a thing. the ooze of ferrous craneus

19:01:17 mircea_popescu: http://www.flamewarriorsguide.com/warriorshtm/ferouscranus.htm

19:01:18 assbot: Ferrous Cranus

19:01:28 ThickAsThieves: it is happening tomorrow after all, and who knows what info will leak

19:02:03 mircea_popescu: !up Lycerion

19:02:09 mircea_popescu: eh get out ?!

19:02:14 mircea_popescu: !up

19:02:18 mircea_popescu: !up mircea_popescu

19:02:23 benkay: mircea_popescu: http://blogs.wsj.com/venturecapital/2014/06/17/bitpagos-raises-600000-seed-round-to-boost-bitcoin-use-in-south-america/?KEYWORDS=bitpagos another for the DERP

19:02:23 assbot: BitPagos Raises $600,000 Seed Round to Boost Bitcoin Use in South America - Venture Capital Dispatch - WSJ

19:02:35 ThickAsThieves: no derpy enough

19:02:37 ThickAsThieves: not

19:02:38 mircea_popescu: benkay iitl you know ?

19:02:40 Apocalyptic: mircea_popescu, you must !up via pm prolly

19:03:00 mircea_popescu: NO! I SHALL SAY UP IN HERE AGAIN unless assbot appeases me

19:03:02 benkay: ah

19:03:09 benkay: !down mircea_popescu

19:03:15 benkay: bwahahahahahahah

19:03:18 ThickAsThieves: lol

19:03:18 assbot: Last 4 lines bashed and pending review. ( http://dpaste.com/31RAWPB.txt )

19:03:18 benkay: !b 4

19:03:36 ThickAsThieves: i photobombed ur bash

19:04:10 mircea_popescu: lake titicaca... ole titicaca...

19:04:28 mircea_popescu: http://www.youtube.com/watch?v=5I0Hee533Iw

19:04:28 assbot: Animaniacs - Lake Titicaca - YouTube

19:04:33 kakobrekla: !up Lycerion

19:08:51 mircea_popescu: mike_c havelock share of s.mg is worth 54% of a mpex share of s.mg. << nuts huh

19:09:07 mike_c: probably overvalues havelock share.

19:09:32 BingoBoingo: Who even does that PT?

19:09:33 mircea_popescu: just cp discount !?

19:10:55 mike_c: it's not even a share of s.mg. it's a share of a unit of havelol's smg fund. but the discount is counterparty, plus the difference of havelock investor opinion vs. mpex investor opinion (or IQ).

19:11:30 mircea_popescu: drastic.

19:11:50 mircea_popescu: so basically poor investor can lose 50% ayear even with an achor ?

19:12:04 mircea_popescu: is this one of those "made roi hand over fist" ognasty situations ?

19:12:16 mike_c: well, they made money on a fiat basis :D

19:13:18 mircea_popescu: http://www.infobae.com/2014/06/26/1576179-argentina-pago-el-vencimiento-los-bonos-reestructurados

19:13:19 assbot: Argentina pag el vencimiento de los bonos reestructurados | Axel Kicillof, Litigio con los holdouts - Infobae

19:13:38 mircea_popescu: argentina paid its conversion debt and is going to stiff the vulture funds.

19:15:31 assbot: [MPEX] [S.MPOE] 26300 @ 0.00082355 = 21.6594 BTC [-]

19:16:48 BingoBoingo: Peronism, The Falkland Islands, Financial Shennanigans, Argentina is basically the Eric Cartman of International Intrigue

19:17:15 mircea_popescu: not so far off.

19:29:45 assbot: [MPEX] [D.BPAY] 65 @ 0.23999999 = 15.6 BTC

19:48:37 ThickAsThieves: "I was an idiot and assumed that the "random" button on brainwallet.org was truly random, but it clearly is not. My coins were taken by someone who is clearly smarter than myself and this is completely my fault by creating Bitcoin addresses on a website that I assumed was safe. There's a $20k life lesson that I'll never forget, that's for sure. Also, to elaborate, I did not use the

19:48:37 ThickAsThieves: passphrase functionality on brainwallet.org, I used the random button to create the addresses."

19:50:05 assbot: [MPEX] [S.MPOE] 30750 @ 0.00082541 = 25.3814 BTC [+] {3}

19:56:14 BingoBoingo: %d

19:56:16 atcbot: [ATC Diff] Current Diff: 511511.43 Est. Next Diff: 401594.40 in 1735 blocks (#38304) Est. % Change: -21.49

19:56:21 BingoBoingo: %fu

20:01:45 ThickAsThieves: i guess the crash is imminent, there-is-no-bubble propaganda: http://blogs.wsj.com/moneybeat/2014/02/14/why-the-scary-1929-chart-is-a-bunch-of-nonsense/

20:01:45 assbot: Why the 1929 Chart Is a Bunch of Nonsense - MoneyBeat - WSJ

20:04:08 ThickAsThieves: i love how their main argument is that the % is much less severe than portrayed, like everything would be daisies if the market dropped 40% or whatever

20:05:44 ThickAsThieves: then, proof! http://blogs.wsj.com/moneybeat/2014/06/26/time-to-officially-stick-a-fork-in-that-1929-chart/

20:05:44 assbot: Time to Officially Stick a Fork in That 1929 Chart - MoneyBeat - WSJ

20:06:21 ThickAsThieves: (note they used same scale they said was no good before)

20:07:02 ThickAsThieves: theyve also time-shifted the red line forward to look further laong

20:07:22 ThickAsThieves: (and upward)

20:11:32 nubbins`: re: can/strings

20:11:34 nubbins`: i like

20:11:48 nubbins`: esp. the wrapping around the side

20:12:25 FabianB: ;;bc,stats

20:12:28 gribble: Current Blocks: 307972 | Current Difficulty: 1.346258011452534E10 | Next Difficulty At Block: 308447 | Next Difficulty In: 475 blocks | Next Difficulty In About: 2 days, 21 hours, 5 minutes, and 27 seconds | Next Difficulty Estimate: 16587491540.4 | Estimated Percent Change: 23.21183

20:13:12 nubbins`: ;;later tell thestringpuller you mean like life-size cardboard cutouts? the kind you'd find at a Lord of the Rings premiere?

20:13:12 gribble: The operation succeeded.

20:13:28 assbot: [MPEX] [S.MPOE] 18731 @ 0.0008256 = 15.4643 BTC [+] {2}

20:15:55 thestringpuller: nubbins`: yea

20:16:02 thestringpuller: doesn't have to be full sized

20:16:04 thestringpuller: maybe half

20:16:25 nubbins`: tough to ship, i always thought they got those things made locally

20:16:30 thestringpuller: interesting

20:16:43 thestringpuller: can't you ship in normal boxes?

20:16:51 nubbins`: yeah, i suppose

20:17:24 nubbins`: you thinking full-color prints?

20:19:32 thestringpuller: possibly

20:19:47 thestringpuller: well that's ideal

20:19:51 thestringpuller: but depends on cost

20:22:54 BingoBoingo: http://www.cracked.com/article_21301_6-mysterious-deaths-thatll-make-you-believe-in-conspiracies.html

20:22:54 assbot: 6 Mysterious Deaths That'll Make You Believe in Conspiracies | Cracked.com

20:25:12 pankkake: author of the article kills himself, 6 bullets in the head

20:26:05 BingoBoingo: If only

20:31:55 []bot: Bet placed: 1 BTC for No on "FIFA World Cup 2014 total goals over 158" http://bitbet.us/bet/898/ Odds: 49(Y):51(N) by coin, 49(Y):51(N) by weight. Total bet: 2.40421879 BTC. Current weight: 44,592.

20:35:31 []bot: Bet placed: 1 BTC for No on "Bitcoin to drop under $400 before August" http://bitbet.us/bet/944/ Odds: 19(Y):81(N) by coin, 20(Y):80(N) by weight. Total bet: 10.87602464 BTC. Current weight: 64,370.

20:38:57 BingoBoingo: http://www.wired.com/wp-content/uploads/2014/06/Financial-Services-Roundtable-Alexander-letter.pdf

20:43:08 []bot: Bet placed: 1 BTC for Yes on "FIFA World Cup 2014 total goals over 158" http://bitbet.us/bet/898/ Odds: 64(Y):36(N) by coin, 62(Y):38(N) by weight. Total bet: 3.40421879 BTC. Current weight: 44,563.

20:58:56 punkman: /join #bitcoin-otc

21:25:00 benkay: butts

21:25:02 benkay: $bait

21:27:04 assbot: ninjashogun +v failed; L1: 0, L2: 0

21:31:35 mircea_popescu: ThickAsThieves nice lol. "it is time, once and for all" too.

21:32:20 kakobrekla: !up ninjashogun

21:33:17 ninjashogun: thanks kakobrekla. I don't remember exactly who I spoke to in here before, if we've spoken and you trust me enough for voice you can give me whatever WoT rating with assbot is necessary and justified based on our interaction for me to type Up.

21:33:35 ninjashogun: based on our interaction so far*

21:34:24 ninjashogun: I just registered on WoT today, because I've started discussing trades elsewhere. I haven't traded on anyone from here before, though I've connected with real-world people (real identities).

21:35:45 benkay: !down kakobrekla

21:36:05 kakobrekla: hey at least some words came out of this one

21:36:30 mircea_popescu: ThickAsThieves i like how the original title included "scary" but then editors took it out

21:38:51 mircea_popescu: "?I have been in this business for over 43 years, yet I do not ever recall getting as slammed with the same email as many times as I have about"

21:39:04 mircea_popescu: yeah dude totally, recall the email slamming of 1959 ?

21:39:14 mircea_popescu: that was some numerous email slamming back then.

21:40:34 mircea_popescu: "Here?s a look at the chart comparing point moves and percentage moves. On a percentage basis, this spooky comparison doesn?t look quite so frightful."

21:40:37 mircea_popescu: ajhajajaa ok good stuff.

21:40:42 ninjashogun: lol

21:40:58 mircea_popescu: " Daniel Wiener, chief executive at Adviser Investments in Newton, Mass., blamed the Internet"

21:41:01 mircea_popescu: too good stuff.

21:41:39 mircea_popescu: "From Mr. Brown:

21:41:39 mircea_popescu: ?The reason why this bothers me is twofold ? first, it frightens investors into making poor decisions ? big decisions that will have a major impact on their mental health and financial condition well into the future. Second, the more we see this kind of pornography, the more likely it is to have an impact on crowd psychology and become a self-fulfilling prophecy. "

21:41:53 mircea_popescu: clearly. i blame asciilifeform. he wrecked the us economy.

21:41:59 mircea_popescu: pls to gasenwagen for him asap.

21:42:26 mircea_popescu: "It?s like putting a disturbed, isolated teenager in front of violent first-person shooter video games all day. If we know that most Americans are scared to invest in their own future, what?s the reason to fuel that fear even further? Sadism? Or just plain exploitative greed??"

21:42:28 mircea_popescu: AAaaaahjahaha

21:42:45 mircea_popescu: dude, exploitative greed. teenager. videogames. it's got it all.

21:43:01 mircea_popescu: ThickAsThieves that was the one most lulzy piece of lulz i have seen in my entire life. ty vm.

21:46:52 benkay: she's alive

21:47:08 mircea_popescu: pankkake: author of the article kills himself, 6 bullets in the head << 6 mysterious bullets to the head that'll make you believe there's a god ?

21:47:26 benkay: http://media.giphy.com/media/1SRaXI2J1o7vO/giphy.gif

21:47:30 princessnell: missed me?

21:47:40 benkay: eh

21:47:47 mircea_popescu: we were starting to think you got like a regular job orsomething

21:48:49 mircea_popescu: "Frankly, it?s time to put the ?scary parallels? between now and 1929 to rest. This isn?t 1929. Not even close. Anyone who tells you differently is talking nonsense."

21:48:57 mircea_popescu: how does it help me ? maybe it's fucking worse.

21:49:09 mircea_popescu: "hey us economy, remember that time in 1929 when you had lupus ?

21:49:19 mircea_popescu: well this time ain't that time. ain't even close. now you got bladder cancer."

21:49:34 hanbot: was watching logs, wondering if they eventually went out and asked the homeless people what they thought of that chart, mircea_popescu

21:50:03 assbot: [MPEX] [S.MPOE] 39039 @ 0.00082466 = 32.1939 BTC [-] {2}

21:50:35 hanbot: and no, it's not for "helping" with anything other than ostrich impressionism

21:51:23 benkay: princessnell and hanbot at once?

21:51:29 benkay: cuntspiraci!

21:52:27 hanbot: now there's a catchy pasta name

21:53:09 mircea_popescu: hanbot you know that's a point

21:53:34 mircea_popescu: they're starting to miss numbers in the paint-by-the-numbers set.

21:56:19 penguirker: New blog post: http://fraudsters.com/2014/its-time-once-and-for-all-to-spend-10k-words-explaining-why-its-time-once-and-for-all-for-it-to-be-time-once-and-for-all/

21:57:07 mircea_popescu: !up Adohgg

21:57:40 benkay: there's a pun in there

22:06:02 moiety: i finally have curtains with poles and everything :D homelyness ftw

22:06:10 moiety: hi hanbot!

22:06:38 hanbot: hiya moiety

22:07:02 moiety: how are you liking argentina hanbot? settled in?

22:08:20 mircea_popescu: wait, poles ?

22:08:42 moiety: yeah lol curtain poles... there were just blinds up before when i moved in

22:08:43 hanbot: it's a nice country, good coffee. haha, curtaindancing?

22:09:09 moiety: i could stick a red light in the window see what happens i guess XD

22:09:29 mircea_popescu: http://u1.ipernity.com/23/17/26/12981726.9330f335.640.jpg?r2 << is that a pole ?

22:10:30 moiety: he may well be! but mine don't look like that

22:10:34 moiety: mine are more boring

22:11:13 mircea_popescu: he does have the cutest butt doesn't he.

22:12:08 moiety: ihave these ones http://thumbs3.ebaystatic.com/d/l225/m/mDx0wlUQZZ0W1p4BvqSl7Gg.jpg i wonder if i could do a swap?

22:12:24 hanbot: i'm having a hard time getting past the juxtaposition of butt and flossing o.O

22:12:41 moiety: i didn't even notice the floss... not gonna lie

22:12:46 mircea_popescu: yours look kinda small.

22:13:14 mircea_popescu: hanbot he's shaving

22:13:24 mircea_popescu: old style.

22:14:11 moiety: someone clever hid all his bath towels, good work.

22:15:05 hanbot: oh i see

22:17:30 assbot: [MPEX] [S.MPOE] 13200 @ 0.00082315 = 10.8656 BTC [-] {2}

22:18:22 hanbot: ninjashogun http://search.bitcoin-assets.com/?q=derpage+from%3Aninjashogun

22:18:23 assbot: 0 results for 'derpage from:ninjashogun' - #bitcoin-assets search

22:22:59 chetty: http://washington.cbslocal.com/2014/06/26/anti-amnesty-group-asks-americans-to-mail-gently-used-underwear-to-obama-boehner/

22:22:59 assbot: Anti-Amnesty Group Asks Americans To Mail ‘Gently Used Underwear’ To Obama, Boehner « CBS DC

22:24:00 mircea_popescu: how's that supposed to work

22:24:36 thestringpuller: ;;calc sin(3.14)

22:24:36 gribble: 0.00159265291649

22:24:49 thestringpuller: ;;calc sin(90)

22:24:49 gribble: 0.893996663601

22:25:28 []bot: Bet created: "Julian Assange to leave Ecuadorian Embassy" http://bitbet.us/bet/969/

22:26:25 mircea_popescu: http://reviewc.nl/wp-content/uploads/gummo-50fbb558bf8e0.jpg

22:26:39 assbot: [HAVELOCK] [B.MINE] 92 @ 0.0166 = 1.5272 BTC [+]

22:26:42 thestringpuller: i hate clicking on images in this channel during work

22:27:09 cazalla: does anyone know a Shane Stevenson, Matthew K (don't know last name) behind the recent cointree.com.au exchange?

22:27:45 mircea_popescu: thestringpuller but u dun have to.

22:27:53 mircea_popescu: cazalla nop

22:28:27 pankkake: I was going to say "this pic looks like gummo". but it's gummo :(

22:28:41 assbot: [MPEX] [S.WOL] 500000 @ 0.00004005 = 20.025 BTC {7}

22:28:41 mircea_popescu: Harmony Korine

22:29:03 thestringpuller: didn't he make that movie kids?

22:29:03 mircea_popescu: but wd on your muy well informed cinematometer.

22:29:09 thestringpuller: with the rapist kids with aids?

22:29:10 bitstein: He wrote it.

22:29:16 thestringpuller: ^- there we go

22:29:22 bitstein: That movie was horrifying.

22:29:33 thestringpuller: yea. I have no idea why the fuck I watched it.

22:29:45 bitstein: I really liked Spring Breakers.

22:29:47 pankkake: I watched it because of the music

22:29:51 mircea_popescu: sort of like, a la carte trainspotting.

22:31:02 mircea_popescu: but to move on, http://temps.tt.over-blog.com/2014/05/pastiches-a-consommer-sans-moderation.html

22:31:03 assbot: Pastiches ... consommer sans modration - Temps

22:32:00 pankkake: https://www.youtube.com/watch?v=o3YcCRrgfzY

22:32:00 assbot: Bethlehem - Schuld Uns'res Knoch'rigen Faltpferd - "Gummo" ('97) Soundtrack - YouTube

22:32:13 pankkake: I've read "La vie sexuelle de Tintin", that was quite a WTF

22:32:47 mircea_popescu: time once and for all to put la vie sexuelle de tintin once and for all to rest.

22:35:56 []bot: Bet created: "Microsoft stock to close at over $45 in 2014" http://bitbet.us/bet/970/

22:36:10 *: punkman is contemplating starting a clothing label called cans+string

22:37:08 hanbot: so, bikinis?

22:37:23 punkman: mankinis

22:37:27 FabianB: $vwap s.wol

22:37:28 empyex: FabianB: S.WOL 1 day: average: 0.00004006 high: 0.000041 low: 0.00003999 volume: 500000 btc: 20.030063 7 day: average: 0.00004006 high: 0.000041 low: 0.00003999 volume: 500000 btc: 20.030063 30 day: average: 0.00004006 high: 0.000041 low: 0.00003999 volume: 500000 btc: 20.030063

22:38:14 mircea_popescu: and there we go!

22:41:01 kakobrekla: all gone eh ?

22:41:48 mircea_popescu: ya one fell swoop, 33%ish over par

22:42:50 kakobrekla: noice!

22:43:36 mthreat: bitstein: Have you been to this? http://satoshiatx.com/

22:43:36 assbot: Satoshi Square - Bitcoin Social Club and Exchange

22:44:07 bitstein: Not yet. I think it opens on July 4th for that party. I'll probably go.

22:45:42 FabianB: $unconfirmed

22:45:43 empyex: FabianB: 1763

22:48:37 FabianB: $vwap s.bbet

22:48:38 empyex: FabianB: S.BBET 1 day: no data 7 day: average: 0.00052229 high: 0.0005234 low: 0.0005 volume: 2100 btc: 1.0968 30 day: average: 0.00049389 high: 0.000525 low: 0.00047 volume: 10248 btc: 5.061385

22:50:58 mircea_popescu: FabianB what's unconfirmed do again ?

22:52:16 mircea_popescu: justusranvier "We?ll see why nobody uses arbitrarily-complex verbal contracts in practise by looking at what happens when something goes wrong." << this is nonsense. marriage is always and in all places the most complex contract, and almost always verbal.

22:52:31 mircea_popescu: when something goes wrong... people fuck.

22:59:16 mircea_popescu: one of the best things about a lot of floor space and stuff like parquet is that you can go for long chair rides

22:59:34 asciilifeform: lol! mr spam was here, and where was i.

22:59:38 asciilifeform: missed it all.

23:04:36 asciilifeform: and he's in wot? great!

23:04:56 asciilifeform: because now we can:

23:05:00 asciilifeform: ;;rate ninjashogun -1 http://www.loper-os.org/pub/ninjashogun.txt

23:05:01 gribble: Rating entry successful. Your rating of -1 for user ninjashogun has been recorded.

23:06:09 asciilifeform: ;;unrate ninjashogun

23:06:10 gribble: Successfully removed your rating for ninjashogun.

23:06:24 asciilifeform: ;;rate ninjashogun -1 nice try, usg - http://www.loper-os.org/pub/ninjashogun.txt

23:06:26 gribble: Rating entry successful. Your rating of -1 for user ninjashogun has been recorded.

23:12:00 mircea_popescu: in the news : whatsapp revenue climbs to record 3.8 bn for quarter 2 (about $8500 per user), making the ~250mn profit trickling down to facebook slightly better than what it'd have got if it simply bought gilts for 20bn.

23:13:59 justusranvier: mircea_popescu: I consider marriage contracts to be relatively simple, especially the verbal ones before the state started getting involved.

23:14:09 mircea_popescu: how do you score simpleness then ?

23:14:24 mircea_popescu: and they are still verbal today.

23:16:03 justusranvier: If a contract is fully specified in some tangible form, then the amount of entropy in the explaination is inversely proportional to the simpleness.

23:17:10 mircea_popescu: so by this measure marriage contracts are the most complex contracts that can exist.

23:17:11 asciilifeform: justusranvier: let's try degenerate case. 'mr x owes mr y the following amount, in satoshis...' [followed by a 100MB turd from rng]

23:17:31 mircea_popescu: asciilifeform not even going there, we supplement "meaningful" to serve his position.

23:18:27 *: asciilifeform wonders if anyone's ever crapped out a contract containing 'halting problem'

23:18:48 mircea_popescu: the eastern sages, yes

23:18:56 Mats_cd03: asciilifeform: hahahaha lol.

23:19:26 justusranvier: Marriage: party A provides resources. Party B provides certainty of genetic lineage.

23:20:06 justusranvier: If either side fails to perform the contract no longer exists.

23:20:48 justusranvier: Before the State took over and made things rediculous

23:20:48 mircea_popescu: this is a silly view of marriage.

23:21:07 mircea_popescu: yesterday i had a girl over, and the local girl and the new girl managed the use of the kitchen together.

23:21:11 mircea_popescu: also they shared the bidet.

23:21:16 mircea_popescu: this was in the contract.

23:21:31 mircea_popescu: now you go ahead and write that down.

23:23:30 mircea_popescu: According to a TechCrunch article, Zuckerberg's vision for Internet.org was as follows: "The idea, he said, is to develop a group of basic internet services that would be free of charge to use ? 'a 911 for the internet.' These could be a social networking service like Facebook, a messaging service, maybe search and other things like weather. Providing a bundle of these free of charge to users will work like a gateway

23:23:30 mircea_popescu: drug of sorts ? users who may be able to afford data services and phones these days just don?t see the point of why they would pay for those data services. This would give them some context for why they are important, and that will lead them to paying for more services like this ? or so the hope goes."

23:23:41 mircea_popescu: this has got to be the most fucktarded business model i ever read.

23:24:03 mircea_popescu: so what, the reason i don't; buy an android tho i could afford to buy the engineer designing it is that... wait for it... it never occured to me to get... internet weather ?

23:24:07 mircea_popescu: god have mercy.

23:24:09 justusranvier: It's a perfectly fine business model.

23:24:37 mircea_popescu: apparently there's lots we agree on :D

23:24:42 justusranvier: The spooks want Total Information Awareness. Zuckerberg is paid to get as many people as possible to opt in to surveillance.

23:24:43 asciilifeform: 'the '90s called, they want their aol retardation back'

23:24:50 justusranvier: That's his actual business

23:25:14 punkman: it would be a perfectly fine business model if they'd make some money from their crappy ads

23:25:17 justusranvier: As long as he keeps getting more people to voluntarily give him their data, he keeps getting paid

23:25:30 mircea_popescu: justusranvier but that's your theory. i am a businessman, i read what's written.

23:25:38 mircea_popescu: what's written is still dumb.

23:25:54 mircea_popescu: punkman right ? remember the days back when 1% CTR was LOW ?

23:26:03 punkman: mircea_popescu: I do

23:26:30 mircea_popescu: hey mike_c you got like 10 btc with your name on it! s.wol mktcap like 400 atm.

23:26:31 punkman: I could indeed make money while I was sleeping then

23:26:40 asciilifeform: next phase is to convince folks to voluntarily move into labour camp, etc. to get Free! internet/food/whatever

23:26:41 mircea_popescu: i couldn't sleep while making money

23:26:44 mircea_popescu: it was too exciting

23:26:48 punkman: that too

23:26:55 mircea_popescu: asciilifeform isn't that where you live ?

23:27:11 asciilifeform: lol

23:27:18 mircea_popescu: zingy zing-zing

23:27:28 punkman: bought cans-string.com :P

23:27:39 *: asciilifeform met day's uranium quota, plays cards

23:27:49 mircea_popescu: this calls for some cats going "cans string???"

23:27:56 mike_c: mircea_popescu: sweet! new ATH

23:28:21 mircea_popescu: mike_c lol ya.

23:28:54 justusranvier: mircea_popescu: As you said, the business model on it's face is retarded. There's no way it could legitimately generate a profit.

23:29:03 mircea_popescu: pretty much

23:29:06 justusranvier: Facebook et al have been like that from the beginning

23:29:26 mircea_popescu: now this is true... i guess facebook just used the capital judiciously.

23:29:36 mircea_popescu: "if you gave us all this money for nothing, now here's 3x as much nothing"

23:29:52 justusranvier: So if it's not possible for them to legitmately generate profits, and they continue to as business, then at some point the most plausible explaination is their profit somes from some other source

23:30:28 mircea_popescu: btw, anyone read zuck's 10 page whitepaper on future of internets last year ?

23:30:52 mircea_popescu: justusranvier not necessarily. pirate didn't have "some other source"

23:30:57 mircea_popescu: manias are manias.

23:30:59 justusranvier: So Booz Allen Hamilton has one of their subsidaries start buying up analytics from advertising firms. Those firms become Facebook's customers.

23:31:09 mircea_popescu: he got lucky to be hit with easy money just right.

23:31:27 justusranvier: Money gets transferred cleanly from three-letter-agency to Facebook without any obvious trail.

23:31:41 mircea_popescu: yeah. right. this totally works.

23:32:49 justusranvier: As long as you've got a buyer hidden somewhere with (effectively) infinately-deep pockets, then they can just put out RFQs and let it appear as if the "free market" has spontaneously formed an industry.

23:33:04 mircea_popescu: http://search.bitcoin-assets.com/?q=atlantic+media << a fine example of how well that works in practice.

23:33:04 assbot: 4 results for 'atlantic media' - #bitcoin-assets search

23:33:06 mircea_popescu: actual practice.

23:33:42 punkman: justusranvier: hidden things aren't what they used to be

23:34:02 mircea_popescu: the general rule is that no bureaucracy can hide anything.

23:34:23 justusranvier: Not for very long, no.

23:34:23 mircea_popescu: only people can hide, starting with the salami and ending where you please.

23:35:44 Mats_cd03: asciilifeform: 3 hours spent trying to convince you he understands the usb stack better than you do. hilarious

23:36:17 punkman: fun presentation on hidden things http://media.ccc.de/browse/congress/2013/30C3_-_5604_-_en_-_saal_1_-_201312282300_-_seeing_the_secret_state_six_landscapes_-_trevor_paglen.html

23:36:17 assbot: C3TV -Seeing The Secret State: Six Landscapes

23:37:01 punkman: dude takes some incredible photos

23:37:26 benkay: <mircea_popescu> when something goes wrong... people fuck. // and when things go right...

23:37:51 punkman: http://www.paglen.com/?l=work

23:37:51 assbot: Trevor Paglen :::: WORK

23:37:58 mircea_popescu: benkay also.

23:40:23 mircea_popescu: http://thelastpsychiatrist.com/2014/05/cyberbll.html

23:40:25 assbot: The Last Psychiatrist: Who Bullies The Bullies?

23:41:04 mircea_popescu: "This cover story details #young #vulnerable #feminist writer Amanda Hess's frustration with disinterested male law enforcement when, after writing an article about receiving rape threats from a troll, she received rape threats from a troll."

23:42:54 assbot: [HAVELOCK] [PETA] 29 @ 0.0439594 = 1.2748 BTC [-]

23:45:37 Mats_cd03: oh man

23:47:15 Mats_cd03: "and then he stalked her on Facebook!" the humanity

23:47:17 mircea_popescu: "Anonymity makes the internet mean and gives trolls= men too much power."

23:47:31 mircea_popescu: oh boy, am i ever so grandiosely positioned for that one. can't wait.

23:49:26 mircea_popescu: You may at this point roll your eyes epileptically and retort, "well, who cares 'what the system wants', the fact is anonymity does embolden the lunatics, shouldn't we try to restrict it?" Great question, too bad it's irrelevant. You've taken the bait and put all your energy into accepting the form of the argument. The issue isn't whether we should abolish online anonymity, since this will never happen. For every Ameri

23:49:26 mircea_popescu: can senator trying to curb anonymity there's going to be a Scandinavian cyberpirate who will come up with a workaround, and only one of them knows how to code. Besides, there's no power in abolishing anonymity, the power is in giving everyone the pretense of anonymity while secretly retaining the PGP keys to the kingdom.

23:49:38 mircea_popescu: look at that, guy groks things enough to know pgp is the correct reference ?

23:49:53 mircea_popescu: dude make a wot account already, i'll rate you.

23:49:56 Mats_cd03: This is the subtle shift: what starts out as "misogyny is bad" becomes "anonymity facilitates misogyny."

23:50:17 Mats_cd03: crystallized something i have felt for a long time but am not eloquent to describe

23:50:26 Mats_cd03: eloquent enough, anyway.

23:51:27 mircea_popescu: !up RSM

23:52:55 princessnell: TLP is gr8, a fellow traveler i think

23:53:13 mircea_popescu: what's that mean ?

23:56:17 mircea_popescu: RSM how's this working out for you

23:57:02 RSM: we have ~129BTC in the wallet but have to pay £15k soon for 1(GH/s) of Scrypt ASIC's off AlphaT

23:57:23 RSM: plus have 5(TH/s)@5kW hashing

23:57:36 mike_c: ;;calc 129 / 131000

23:57:37 gribble: 0.000984732824427

23:58:04 mike_c: ;;calc .0006 / .000985

23:58:04 gribble: 0.609137055838

23:58:19 mike_c: i guess the market says there is a 40% chance you'll steal all the coin

23:58:29 RSM: 796 has nowhere near the any speculators like BCT did

23:58:42 RSM: lol I've been hear since 2011

23:58:57 mike_c: ;;ident RSM

23:58:57 gribble: Nick 'RSM', with hostmask 'RSM!56b97cb3@gateway/web/freenode/ip.', is not identified.

23:59:03 RSM: why steal now after 4 years

23:59:23 mike_c: i don't think you will, the market does.

23:59:29 Blazedout419: RSM has alpha got a working prototype yet?