mircea_popescu: fucktard. for one thing, it STABILIZES the price. which is good.
mircea_popescu: "Contrary to popular belief, a rising bitcoin price ends up damaging liquidity instead of improving it. Miners are encouraged to cashout their huge gains by a rising price. This leads to volatility across the board via crashes. The volatility makes it too difficult to perform economic calculation in BTC."
mircea_popescu: "it's flawed because the government should get it to give it to us why should some people get it to do whatever they feel like onoes"
mircea_popescu: "I want to make this clear. This is not the result of a conspiracy or collusion. This is the outcome of flawed economic incentives and the reaction to them by participants. Hardware used to mine is irrelevant. The underlying rationale regarding distribution of newly created bitcoins is flawed."
gribble: You rated user punkman on Fri May 16 09:11:15 2014, with a rating of 1, and supplied these additional notes: Talent scout and secret agent..
assbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin
Dimsler: http://www.reddit.com/r/Bitcoin/comments/20iem7/the_bitcoin_network_costs_nearly_1_billion_a_year/
thickasthieves: keep the ponzi going
thickasthieves: china plowing the price down
Dimsler: mircea_popescu, there is no situation, lets stick to ambiguity and vaugness
Dimsler: in order to keep the price up
mircea_popescu: mkay so the situation is that you have a btc-e account and work as a broker, but when i asked you the first time you figured it's a good moment to insert a pretense of significant holdings you don't actually hold, and in doing so inadvertently blew to bits your earlier description of your actual activity, which was up to that point correct.
Dimsler: at todays price theres 400million worth of coin that needs to be bought up
mircea_popescu: well, you made the correlation, i'm just trying to follow.
Dimsler: there is no correlation
mircea_popescu: if you're looking to "pump to sell your own coins", the moment you found a buyer you sell and that';s it.
Dimsler: when theres a service that does it for me on a nominal fee
mircea_popescu: so then if you have a large stash of your own coin, why do you need to hedge on any website ?!
Dimsler: the bitcoin paradox
Dimsler: must pump the value of coins to swell my own
mircea_popescu: so i gather you have a btc-e account and work as a broker ?
Dimsler: they sit on tor exit nodes
mircea_popescu: Dear participants of the BTC-e.com The cases of hacking accounts with the use of viruses disguised as trade bots, trading platform, and also subscription for mailout, from which you may catch a virus if you follow a link in it, became more frequent.
Dimsler: the time to pickup mining contracts is when the nerds are swinging from the rafters in there basements
mircea_popescu: imagine this shit, the first time i actually buy a mining future contract, i actually get a great deal on it.
mircea_popescu: that was scammy at the time but by now even the usg is doing it, so it seems to have been legalised ipso facto
Dimsler: yes they were given premined shares to list up those junk coins
mircea_popescu: anyway, btc-e has indeed been around for a long time, and no i don't know anything substantial against them, so.
Dimsler: they offer 3:1 leverage
mircea_popescu: so you deal btc in person in your geographical area and use btc-e to float the spot risk ?
mircea_popescu: so where are these clients ?
gribble: Currently authenticated from hostmask Dimsler!~dimsler@17.254.127.199.client.static.strong-in67.as13926.net. Trust relationship from user mircea_popescu to user Dimsler: Level 1: 1, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=Dimsler | WoT data: http://b-otc.com/vrd?nick=Dimsler | Rated since: Tue Oct 22 13:51:07 2013
Dimsler: to lock in there price
Dimsler: mircea_popescu, if a client wants coins, before i deliver, i short on there exchange with mt4
mircea_popescu: "<Dimsler> i hedge my clients on there exchange" << this will need some clarification.
kakobrekla: clearly has not seen the css.
Dimsler: try withdrawing 50k+ and see how bad they own you
mircea_popescu: <Dimsler> its been the most stable buisness in btc << nah, mpex is actually older.
kakobrekla: have you seen the css?
Dimsler: no bitstamp is not the best
kakobrekla: bitstamp is the best
thickasthieves: seems they could be a target for AML problems
Dimsler: the actual operation is russian
thickasthieves: theyre doing something right
Dimsler: my hope is that btc-e doesn't get ruined, the guy said he wants to keep the entire exchange out of the btc nerd limelight
Dimsler: i hedge my clients on there exchange
ben_vulpes: lol this is a dark corner of the internet i have no truck with
Dimsler: bless them for operating and existing this long
Dimsler: btc-e uses a back bone of all the scam russian e-currencies to load in
Dimsler: using any of the available wmz brokers etc.
Dimsler: is reflected in the sale price
Dimsler: the load in percentage
thickasthieves: so you kinda have to pay admission to trade ther eby selling your btc cheap
kakobrekla: etc all tried to use the otc < eh?
thickasthieves: at best they are running some kind of arb scheme
Dimsler: its been the most stable buisness in btc
ben_vulpes: COIN is a tool of the USG, the SEC will approve whatever it takes to get fake btc into american hands.
thickasthieves: like the sec will approve that
thickasthieves: it says in the doc something like "btce is run by anonymous parties purported to be in bulgaria"
mircea_popescu: the otc is in fact incredibly effectual at policing
mircea_popescu: recall, most of the scams unwinding in the scamspace, bfl, mtgox, etc all tried to use the otc and got rejected.
ben_vulpes: how are they going to feed that thing without driving the price around like crazy on the playchanges
mircea_popescu: how would they lol
ben_vulpes: all the american tards who "buy" "btc" via schwab
ben_vulpes: the etf
mircea_popescu: can't now be reproduced by the usg, with the help of a smaller bucnh of much more retarded "community" members.
mircea_popescu: what one sole idiot with the help of a bunch of retarded community members accomplished in 2011
mircea_popescu: the high mark of that was pirate, actually.
mircea_popescu: and go bankrupt and lose their pot.
thickasthieves: my new fear is how the hell can we keep exchange points from making btc, or paper copy markets
mircea_popescu: thickasthieves not specifically the price itself. more holistically speaking.
mircea_popescu: the next pass, if fucking sponsored by the UN, if it has a special international institution created, won't get as far.
mircea_popescu: and i would like the permanent record to reflect the fact that this is going to be the high water mark for all time.
gribble: Cute teen brunette pussy fantasy sex - Free Porn Videos - YouPorn: <http://www.youporn.com/watch/9323237/cute-teen-brunette-pussy-fantasy-sex/>; Banned in Bikini Bottom - Encyclopedia SpongeBobia - The ...: <http://spongebob.wikia.com/wiki/Banned_in_Bikini_Bottom>; Banned in Bikini Bottom (transcript) - Encyclopedia SpongeBobia ...: (1 more message)
mircea_popescu: so much win there
mircea_popescu: you mean ask a rap artist if he'd rather have 10k or 100 speed balls for his contract advance ?
ben_vulpes: thickasthieves: it's one of those "ask a guy who likes flying if he'd rather have 500K or a 6-seater" situations
mircea_popescu: loser dude with no crib to take the bitches at keeps bringing teenaged priss puss over to this ravine or w/e, asks them to do things much to their indignant surprise,
thickasthieves: ben_vulpes is enrolling in the b-a paupery competition /// arbeit macht frei
ben_vulpes: it's specifically the internal release, but go on.
mircea_popescu: ben_vulpes you know how the passanger door stops working right ?
ben_vulpes is enrolling in the b-a paupery competition
ben_vulpes: thickasthieves: the passenger door dun work on my wheelbox, i ninja escape over the stick frequently
mircea_popescu: <thickasthieves> ninja swing out of my car to the trunk in one move, cuz why not << that.
mircea_popescu: but dayum, the chink kids are all thin and shit.
ben_vulpes: but go on with the parkour, mircea
thickasthieves: ninja swing out of my car to the trunk in one move, cuz why not
ben_vulpes: my dance set theory's weak though.
thickasthieves: the videos are fun
ben_vulpes: capoeira is also a superset of breakdancing then
mircea_popescu: actually, the one fad i most regret is parkour
ben_vulpes: i sign the song generic
mircea_popescu: there were some girls
thickasthieves: but the style of his music doesnt provide much opportunity for displaying it
mircea_popescu: then he could prolly learn pretty fast.
mircea_popescu: well that depends. if he's actually good rather than just faking it well (by doing the moves he can do in succession so as to distract from the narrowness)
thickasthieves: but the best breakdancer couldnt ballet
mircea_popescu: well fuck, im a talented dancer, im the only guy who can walk, dress, eat and sit up on a chair.
mircea_popescu: i mean sure, he's talented in the sense that he doesn't audibly wheeze like this vocational school reject here.
thickasthieves: eminem is like the only guy that can do it all
thickasthieves: he's pretty much the king
mircea_popescu: thickasthieves so basically he's trying to be that white guy, what's his name ? the short one
thickasthieves: i just like the groove of that whole sts song
assbot: The Gayest Song Of All Time Gay Rapper " Fly Young Red " Music Video Throw That Boy Pxssy " - YouTube
thickasthieves: (separately, this is the only reason I liek STS https://www.youtube.com/watch?v=E3Ie4CcTGKY)
thickasthieves: did you hear the gay rapper?
mircea_popescu: so you're telling me i could have a rap video produced consisting of sketchy looking black males derping all about how badass they are while being naked and fucking themselves with anal stretchers ?
thickasthieves: he's a saint compared to others
mircea_popescu: i suppose if the "community" wasn't mostly composed of retards, i'd be sponsoring a USG=STS grafitti campaign all over the 50 contiguous states.
mircea_popescu: which is why other than the money supply, socialist totalitarian governments aim for a monopoly in communication and for a particular corrupt rendition of democracy.
mircea_popescu: that cycle depends on successfully misrepresenting itself as a legitimate government to the producers, and sufficiently empowering the parasites as to maintain it in power.
mircea_popescu: the socialist totalitarian state however, can't exist except by stealing from the producers to support the parasites.
mircea_popescu: not necessarily, no. in fact, the government's lifeline is supporting that.
thickasthieves: and the government's lifeline is preventing you from that
mircea_popescu: both of these being, of course, quite reasonable goals.
mircea_popescu: tax evasion is all about a)ensuring your own revenue from back in the day you generate revenue, your 20s and 30s, is available to you when you need it, ie your 60s and 70s and b) making sure the fortune you collected will reach the biologic offspring of your choice, rather than the offspring others would prefer.
mircea_popescu: ye, about twice the lifespan of most governments
assbot: Are Virtual Currencies The Next Offshore Bank Account for Tax Evaders? - Forbes
mircea_popescu: http://www.forbes.com/sites/irswatch/2014/10/03/are-virtual-currencies-the-next-offshore-bank-account-for-tax-evaders/
assbot: Welcome to Life: the singularity, ruined by lawyers - YouTube
mircea_popescu: <Dimsler> who gives a fuck about the third world masses? << well, at the very least they do. but otherwise, people like anyone else, what, you think the conventional splits of the world become a thing of the world itself ?
thickasthieves: unless the bet is closed
Vexual: how does that affect others? im not versed in bitbet
Apocalyptic: people betting after the fact occured
thickasthieves: i linked the bet to tradingview chat when it broke 360
kakobrekla: <mats_cd03> http://bitbet.us/bet/1034/bitcoin-to-drop-under-350-before-november < jesus all the leeches :(
Vexual: https://www.youtube.com/watch?v=soEjX2YD3yM king kapisi screams from the old plantation 2000
gribble: The answer is def-- oooh! shiny thing!
Vexual: 6 and 6 parts of a dozen and then six parts of that, half of six again, ass one sixth
assbot: Bill Maher and Ben Affleck Battle Over Radical Islam - " They Will F*cking Kill You! " - YouTube
dub: i need this in the whip
dub: the double one?
thickasthieves: i had the cassette
Vexual: the inout is kinda onesided
dub: whats needed is some chinese radiotherapy
dub: theres no such thing as democracy in practise, only americancy
dub: you\re not really helping the case
Vexual: if fact the english is prolly better than th emandarin
Vexual: theyre trading bitcoin and doing social media and all kinds of groovey things
dub: not in the mainland
punkman: love the hurdy gurdy
assbot: Black Sails OST - Theme from Black Sails - YouTube
punkman: there goes my 350 bet
Vexual: oh the first? last year
Vexual: the delivery guy got an earful
Vexual: will someone, im to fat to pass the doorbitch
Vexual: let the lawyer talk mom
dub: mark is the best
Vexual: if anyone can explain the cantonese extrusions of that, i'd appreciate it
Vexual: ;;het gribble compare the bc tarde volume attributed to hk from the last 6 hours to the last siz days
mircea_popescu: they don't need cnn for that.
mircea_popescu: they know.
decimation: well you have a point there
mircea_popescu: unless you mean specifically the al-sauds, but really, one doesn't need to tell them who strikes fear in the us.
mircea_popescu: i think you've mixed the persons.
mircea_popescu: decimation "to the jihadists" ?
Dimsler: coalition of the willing
Dimsler: who gives a fuck about the third world masses?
decimation: you told me a few hours ago that third world derps are easily impressed/swayed, seems to me that whatever bs cnn is pimping would carry sway with the third world masses
mircea_popescu: narcissus can't quite represent the river in any other terms than the great honor of having reflected his divine beauty ?
decimation: “ISIS is the enemy the Great Satan fears and hates most. ISIS is the Islamist organization that strikes fear into NATO. Not al-Qaida, not Boko Haram, not Ansar al-Sharia, not the al Nusra Front — ISIS."
decimation: and http://www.unz.com/pbuchanan/war-drums-along-the-potomac/ "Given our horrified and hyperbolic reaction, ISIS can credibly make this boast to the jihadists from Nigeria to the Hindu Kush, from Libya to Iraq, from Somalia to Syria:
decimation: old Republicans see the truth, can do nothing about it: http://www.unz.com/pbuchanan/the-forever-war/
mircea_popescu: From 07.1998 to 07.2001 economist-senior analyst of the market of sovereign instruments in the Department of operations on the market of instruments with fixed rate of return Bank of Pariba, London, Great Britain
assbot: Alexei V. Moiseev Deputy Finance Minister of the Russian Federation | Euronext
mircea_popescu: https://europeanequities.nyx.com/en/content/alexei-v-moiseev-deputy-finance-minister-russian-federation << the phonetics are pretty lulzy.
Vexual: I was just thinking about lobbying the senate comittee into bc
cazalla: all the good dr's are approaching retirement age, all the new ones seem to play musical chairs and move around all the time so by the time you get to know them, they've moved on
mircea_popescu: us medicine in the oz now too ?
assbot: Logged on 28-04-2014 09:30:07; cazalla: i went to a walk in medical centre with issues about my neck as I couldn't get an appointment at my usual GP, the GP at the walk in just assumed I was after pain meds and wrote a script for endone (oxycodone) without any hesitation to get me the fuck out of there
decimation: same with mdma precursors like pseudo-ephedrine in the us
Azelphur: dat 2mg of extra codeine makes all the difference.
Azelphur: which means they pulled my damned hayfever tablets that actually fucking worked.
Azelphur: mircea_popescu: the other thing they did that really pissed me off, they lowered the legal limit over the counter of Codeine from 10mg to 8mg here in UK
mircea_popescu: nobody ever got addicted. when the fuck did codeine become an additcive substance. wtf is with these derps.
mircea_popescu: jesus these people derping about codeine. here's a fun fact : as a growing tyke in soviet romania, mp like any other chitlins was administered phosphoric codeine freely for coughs.
asciilifeform: how certain folks take to them once tasted, others - hate, can't possibly picture how anyone gets hooked.
mircea_popescu: asciilifeform http://trilema.com/2012/the-panic-in-needle-park/ also, not bad movie.
mircea_popescu: asciilifeform http://www.bluelight.org/vb/threads/678785-Are-there-any-successful-heroin-chippers-out-there/
gribble: http://www.urbandictionary.com/define.php?term=The%20Chipper | The Chipper. The male consumes large quantities of deep fried greasy food preferably a King Rib and a Cheese 'N' Burger supper with a few pickled onions ...
mircea_popescu: people love to imagine that playing ball has no costs. this is not unlike the chipper's fantasy that he's not a junkie.
mircea_popescu: but anyway, only someone who had physically visited switzerland cca say 1994 can appreciate the immensity of the drop
mircea_popescu: anyway, they've been begging for the past years to be forgotten, but my and afaik everyone's call is "no" and "fuck you"
mircea_popescu: meanwhile, the ukrainian student doesn't actually have to pay rent.
mircea_popescu: yeah, good deal. very comfortable, they can charge for a hairjob/blowjob twice to ten times what a starving ukrainian student gets away with
mircea_popescu: 'while the locals can choose from a variety of hospitality jobs, from hairdresser ot prostitute ?
mircea_popescu: you mean, with insane rent costs because all the visiting bureaucrats can afford to pay them
mircea_popescu: their future is pretty much personified by belgium.
mircea_popescu: they lost everything, over a coupla decades, simply for acquiescing to the kyc/aml bullcrap.
mircea_popescu: and in 2010 they are a sort of monaco.
asciilifeform: swiss losing their starfish virginity - lazy. iraqi losing last bag of grain - fights.
asciilifeform: reaction to theft is always tied to what you are being asked to part with.
mircea_popescu: in the former, the derps think the us is ok. in the latter, the derps realise the us is a terrorist entreprise.
mircea_popescu: which is why the us is so successful in retarded thirld world countries (say, the uk, or switzerland) and so utterly ineffectual in clever thirld world countries (say, iraq)
mircea_popescu: if the cropto ag can be made complex enough, the chieftain derps can be given their florida retirement while the derps don't sniff the problem.
mircea_popescu: the derps are too stupid to understand much
mircea_popescu: the chieftain derps aspire to retire to florida
mircea_popescu: decimation that part is simple. the thirld world consists of derps and chieftain derps.
decimation: the bigger puzzle is why such a company has any clients at all
decimation: related: https://firstlook.org/theintercept/2014/10/02/the-nsa-and-me/ << "Many were embarrassingly critical of the agency, describing its enormous paranoia and obsession with secrecy. Others contained clues to a secret trips that Friedman had made to Switzerland, where he helped the agency gain backdoor access into encryption systems that a Swiss company was selling to foreign countries."
assbot: Logged on 02-04-2014 23:54:03; asciilifeform: i've tried this personally - it works. (you need a drive for which either docs or some reverse-engineerable flash diddler from the factory are available.)
decimation: for another thing the practical folks are off doing something useful rather than travelling to LA to 'agree on a spec'
decimation: right, because they are 'qualified'
decimation: in the us, even in commercial electronics, it is common for people who have no connection with any practical manufacturing/programming to 'design' specs