ThickAsThieves: seems it should be in one of the main pages
DreadKnight: HeySteve, I agree; I'm keeping pay to win totally away from free to play; hated that I played Ancient Summoner (now called Rise of Mythos) and I was pawning most players, but everytime I was fighting a noob that put a few bucks in the game, I was getting humiliated, I eventually quit playing because of that
ThickAsThieves: pump out new characters, new costumes for the old ones, and never update the actual game much
mircea_popescu: ThickAsThieves this is the benefit of aging. you start to realise your time is worth more than money.
DreadKnight: was checking reviews for a tablet a few months ago and the tablet was pink, most reviews were like "and it's awesome that it's pink, my daughter will love it", mom also got a pink phone *sigh*
HeySteve: ThickAsThieves I guess so yeah, but I don't like the pay to win kind of thing at all
DreadKnight: will definitely want the main character fully customizable
HeySteve: people love their in-game bling / customisation stuff
DreadKnight: eventually there will be custom skins and such; seems a lot of people care about vanity items in dota2 rather than carry about increasing their gameplay skills
DreadKnight: initially wanted to allow buying individual units, but did a bit game design research and seems this is more fun and profitable and balanced, people won't buy only over powered units and some want to collect them all, so they might have to buy and buy until they're satisfied or out of funds
mircea_popescu: the "buy random pakcs ofo cards" thing is enough.
DreadKnight: if you really want to have the random element in that is
mircea_popescu: i have some hard in-principle things that can disqualify a proposition, but they're pretty sparse.
DreadKnight: mircea_popescu, I guess you have some terms, the poker / randomness stuff?
mircea_popescu: DreadKnight ok, let me put it this way : so far you're making it impossible to be helped. now, lots of people circle this chan in the hopes of getting some support, you're way ahead of them through a combination of good luck and good luck.
HeySteve: the intro with Queen song was pretty rad tho
assbot: 0 results for 'Video Games The Movie' : http://search.bitcoin-assets.com/?q=Video+Games+The+Movie
ThickAsThieves: !s Video Games The Movie
assbot: Video Games: The Movie (2014) - IMDb
DreadKnight: like I said for the business model, subscription granting access to more game modes, digital merchandise (card packs / lifes , food / boosters, skins), physical merchandise and fees from betting currency (as spectator or player)
DreadKnight: quite a few seen "Video Games the movie" and asked "what about open source?", well, open source game dev is not even on the map for proper reasons, but I want to show it's possible
DreadKnight: as in, I can't spend tremendous amounts of time working on it along with other people if it wouldn't sustain itself, not to mention me eventually
DreadKnight: just making sure, was really confused at first, because we were talking art assets in the project channel
mircea_popescu: not kinda. this is the core of bitcoin.
DreadKnight: mircea_popescu, so the assets part is kinda like in stock market, not "art assets"?
DreadKnight: mircea_popescu, got a bit caught up reading that blog post, though it's related to current situation a bit, about using the proper terms :D
mircea_popescu: DreadKnight there, first url, that's my blog.
BingoBoingo: We need Darwinism to sneak back into our society. We [medical community] have propped up too many people that shouldnt be alive today which has allowed the creation of super idiots that the world has never seen before. Seriously, has anybody seen the movie Idiocracy..we are starting to live it.
DreadKnight: or even investors, as long as the strings aren't forever
DreadKnight: mircea_popescu, there are several ways of spreading a webgame as well, "web publishers" like facebook, fgl.com, gamejolt.com and many more - the game is easy to embed anywhere actually
mircea_popescu: DreadKnight im thinking more in the sense of the larger entity you get backstopped against.
mircea_popescu: DreadKnight you're thinking publisher in the sense of the world of atari, making hardware cartridges.
Pierre_Rochard: mircea_popescu: ah, well I’ll myself out then
DreadKnight: mircea_popescu, the game is playable from the website, SaaS business model (software as a service), so what was your meaning?
gribble: http://www.urbandictionary.com/define.php?term=Schweddy+Balls | The most infamous Delicious Dish episode featured Alec Baldwin as the chef Pete Schweddy, who came to the show to showcase his "Schweddy Balls," an...
mircea_popescu: the two are amusingly related : work -> schweddyballs -> tide.
asciilifeform: or is this more of an 'air is not for the drowning' observation.
asciilifeform: which currency, if any, is 'for' the poor ?
mircea_popescu: Pierre_Rochard: kakobrekla: so everyone should pay off their mortgage / student loans / credit cards / car loans before buying bitcoins? Seems a little extreme and just poor balance sheet management imho <<< i can see it. bitcoin is still not for the poor.
mircea_popescu: asciilifeform yes. this is the point of flesh, to make thoughts painful.
DreadKnight: mircea_popescu, back in the day the only method were printing cd's and selling them in shops, so yeah, publisher was needed; now it's internet era, digital downloads, websites, app stores
asciilifeform was at bazaar, buying food, missed all the good derp
DreadKnight: indie game devs don't usually go for publishers; they rather make crowd funding campaigns to avoid strings attached
DreadKnight: getting weekly emails from people to allow them to use artwork / assets in their games and I'm pretty much underground atm
DreadKnight: I'm proficient with organic low poly modeling though, but that will be noticeable a bit later, when animations will get in the game, sample www.AncientBeast.com/viewer
DreadKnight: mircea_popescu, I'm a jack of all trades, designed the project, I manage the thing, make abilities, made the website, look for contributors, code, sketch, test it with fans, whatever it needs to be done; I'm working with quite a bit of people, constantly looking for fresh blood, that's the beauty of being open source
DreadKnight: t of the Ancient Beast units will become popular thanks to their license / attribution and usage, so it's all like a virus, to spread as much as possible
DreadKnight: ve certain stats for limited amounts of time, food will be rather cheap, but it can make the difference between life and death, victory and loss; besides, there will be tournaments, playing for digital currency (where a % will be taken as fee); each month the ladder will start fresh, winners from previous month being added to a hall of fame; there will also be merchandise in the shop (tshirts, miniatures, plushies, and so on), mos
DreadKnight: there will be a mode for subscribers that will have a monthly ladder, top players receiving prizes; each match and victory will be logged; in this mode, your units will die and you'll have to purchase card packs with random units inside, so you won't have access to every single unit in the game unless you pay, also each victory will take a toll, as you'll have casualties most likely; you'll also be able to feed your units to impro
mircea_popescu: eh spare me the derpage. you and the rest of the usg plants are trying to push forward a certain political aggenda.
Luke-Jr: the Address page is intended to be for end-users
Luke-Jr: *version 1 addresses* are *implemented* using ECDSA keypairs inside wallets; but that's a technical detail, and there is a separate page for technical details
mircea_popescu: can i calculate the bitcoin address that'd correspond to any arbitrary private address i choose ?
Luke-Jr: [22:23:26] <mircea_popescu> added the entire misconceptions thing… <-- because it is needed
Luke-Jr: [22:23:06] <mircea_popescu> took out the private key discussion entirely, <-- because it has nothing to do with addresses
DreadKnight: I talked about the vanilla game
mircea_popescu: so now, you'll have to sell risk whether you want to or not. learn to live with it.
DreadKnight: mircea_popescu, even if it's free open source, there are business strategies to it
mircea_popescu: DreadKnight looky here : in business, one's always selling something. games are business. as such, they can either sell content or risk.
mircea_popescu: the sad irony of all this being that we've been actually looking for a competent sysadmin to run stuff for years.
DreadKnight: a lot of people play moba (dota/dota2/league of legends/heroes of newerth/etc), played moba for about years and pretty much avoided all the issues that type of game has when it comes to Ancient Beast itself
DreadKnight: even if you pick only the units with best stats, they can be countered, so there's no point in exploiting the game; your opponent will most likely be able to make the same units, so no point in that
BingoBoingo: Yeah a game without randomness leads to high level play being dominated by dickstabbers, people who instead of playing in an enjoyable way will pull out their dick knives and stab their dick for an 0.01% advantage.
DreadKnight: I'm not looking to make yet another poker or dice game, there are plenty of btc online casinos
mircea_popescu: but the results are deterministic.
DreadKnight: in chess you get basically an infinite of possibilities, no two games are the same; and Ancient Beast is way more complex than chess, but looks less boring
mircea_popescu: there's a reason poker championships give out multi milion prizes
mircea_popescu: DreadKnight if there's no randomness involved people won't be likely to play for btc.
DreadKnight: so you'll always want to counter your enemy units with ones that you think are best for the job
DreadKnight: in chess you don't have randomness; the random part is that unlike chess, you pick your units (tools) as you go by, so from hundreds of units, you'll only put like 5 or so into play in a match
DreadKnight: r, one of those ever green games basically; it leaves nothing up to chance and randomness, yet no two games will be the same; it can be played 1vs1 or 2vs2 on pretty much any device with pretty much any input method; so want to make "the chess of the future", a way for people to battle for fun or digital currency, very accessible, playable even without account or paying anything; I'm a bit stuck on the coding part atm, the current
DreadKnight: mircea_popescu, Alright :-) making free open source game project, turn based strategy game playable from the browser; it's kinda like the reverse of Super Smash Bros Brawl, as it features a lot of original characters that will be featured in a lot of other games; the project is inspired by Heroes of Might and Magic 3's combat system, but improved, combined with Trading Card Games; it's fun, easy to get into, but it's hard to maste
gribble: You rated user Luke-Jr on Mon Apr 29 11:03:34 2013, with a rating of -1, and supplied these additional notes: Most recently, lied about BFL delivery (https://bitcointalk.org/index.php?topic=165500.0;all). Old history of being untrustworthy..
mircea_popescu: added the entire misconceptions thing...
mircea_popescu: took out the private key discussion entirely,
mircea_popescu: o look : https://en.bitcoin.it/w/index.php?title=Address&action=historysubmit&diff=49101&oldid=46223 lukejr edited that page to a) replace the cannonical example with the bullshit 3thing,
mircea_popescu: how the fuck do you send bitcoin, pray tell, if not by signing with the private key associated with a public key that's an address that has a balance ?
mircea_popescu: Misconceptions (on the bitcoin.it wiki) : Addresses are not wallets nor accounts, and do not carry balances. They only receive funds, and you do not send "from" an address at any time.
mircea_popescu: mike_c: i'm probably the only idiot in here, but in case there is one other: "3 indicates a "pay-to-script-hash" address that contains a hash (one way fingerprint) of a script that can be used for multiple things including address obfuscation and multi-signature requirements." << tl;dr : 3addresses are an unnecessary and crufty thing some idiots pretend they've added to bitcoin.
dignork: BingoBoingo: there was an article, about facebook aggresively crawling site which you post a link to, it can be used to ddos
mircea_popescu: the guy doesn't have enough sense to USE FUCKING LINKS because he's not yet caught up with the web, byt anyway, here is the stuff he should have provided : http://chr13.com/2014/04/20/using-facebook-notes-to-ddos-any-website/
mircea_popescu: so much lol in there.
mircea_popescu: "The attack vector is using Facebook notes to flood our site using a known exploit on Facebook and weve reached out to friends at Facebooks Cyber Security team who have determined the IP address of the original person hitting the attack vector and are working with law enforcement actively to track this user down."
mircea_popescu: wait, this wouldn't be the same guy i was lulzing at last month ?
mircea_popescu: pigeons: wow really they are already trying to damage control the 1% of the press they get that isn't positive? and from a bitcoinpete (no offense lol) blog post? << the 1% happens to be what matters in this field.
mircea_popescu: pigeons: vitalik sells lots of snake oil besides etherum: emulated quantum computer that runs faster than its von neuman host; proof of stake; "trustless" distributed fiat (schellingcoin); << he's like andreas v2.0 then ?
BingoBoingo: cyranodeB: Just the usual "Banned Bitcoin" again or some shit
mircea_popescu: pankkake: natalie portman is a jew? I always knew something was off with her << only on the mother's side.
mircea_popescu: BingoBoingo but then again you drink, so how'd you know.
mircea_popescu: BigBitz: Bitcoin markets don't revolve around news. <<< bitcoin is here to make the news, not to follow the news.
pigeons: by the way, literally and seriously much btter and more useful than ethereum: http://www.dogeparty.io/
pigeons: coinbase cancellation as in mircea_popescu cancelled his DERP? or coinbase cancellation as in the same old thing where they cancel people's order cause coinbase
BingoBoingo: cyranodeB: How's the nose?
mike_c: the world wide web is a pile of undocumented bullshit.
mircea_popescu: no, it's how the aml crap works. world's noobliest bayesian filtering implemented by janitors and congressional aides.
mircea_popescu: yeah, bisulphites can be a good cause. all sorts of crap they put in wine, sparkling or not, can be it.
jurov: yes, whatever they use to treat it
ThickAsThieves: i think i told you but the bottle from Ro made it safely home and into my belly at some point
mircea_popescu: ThickAsThieves wait, you had the romanian stuff. ever drunk it or just gifted it away ?
BingoBoingo: I've never had a problem with champagne, now "champagne" as in the generic bubbly stuff from places that shouldn't be attempting such a thing...
mircea_popescu: http://zakireza.files.wordpress.com/2011/08/running-of-the-bulls-05.jpg << that's what the dreams of er people look like.
mircea_popescu: i got drunk on champagne, there's no hangover for that.
BingoBoingo: Ah the few people who considered wanting the Ether didn't want it when they heard about the hangover when you come to
mircea_popescu: the problem here is that the past few days have kinda clearly shown the complete lack of any counterparty. you can't trade without cp.
mircea_popescu: ThickAsThieves: <+BingoBoingo> HANDSofSTEEL: If you want to take both sides, BitBet is probably the best tool for that --- good point, need ETH BitBet, that's how we can all short the mofo << well obviously not all.
mircea_popescu: fluffypony: he's punting Etherium? << he's new, and behind on teh reads.
trixisowned: since the day he implemented
trixisowned: mircea_popescu, thats the whole thing
mircea_popescu: trixisowned: when in reality they just added their address to the list of miners, and take a percentage of each block as if they were actually hashing << this is pretty major, actually.
mircea_popescu: (protip : it's dropping the / token anyway)
fluffypony: GodHatesFigs: in parlance it's /r/<subreddit> - if you drop the leading forward-slash it's hard to catch programatically
mircea_popescu: this is just about how one identifies libertards in the field. they do this paint-by-numbers thing like the soviets of yore.
mircea_popescu: pankkake: /r/buttcoin can't deal with bitcoin opinions that are not the standard /r/bitcoin crap; they expect to fill their bingo cards and it doesn't work << quite.
mircea_popescu: why, he'd be shitting rocks after eating one of them!
mircea_popescu: it reads to me like alfred p. doolittle confronted with a restaurant after a lifetime of mcdonalds explaining how them hamburgers were at least nourishing.
mircea_popescu: jurov aww why. honky tonk galz can't lick each other out no mo ?
fats_cd03: 'for the children'
DreadKnight: I might have got the passphrase wrong, tried a few times and didn't get a field anymore to write in
jurov: it will ask your passphrase and spit out the decrypted message
jurov: DreadKnight: if you're on linux or mac, just do the curl script i pasted
DreadKnight: sorry it took me so long, did that stuff last time about 1 year ago perhaps xD ignoring gribble only added to the confusion
mircea_popescu: DreadKnight now you can self-voice. you identify with gribble (same process as you just completed) then pm assbot !up
mircea_popescu: one never knows who the noob really is :D
mircea_popescu: pankkake this is the benefit of halping noobs.
mircea_popescu: HeySteve the url is really your keyid
HeySteve: the URL never changes? lol
pankkake: I don't know why I never noticed the URL did not change… could have saved me a step
mircea_popescu: <gribble> You are now authenticated for user mircea_popescu with key 8A736F0E2FB7B452
asciilifeform: DreadKnight: it's on the back of your power supply block.
mircea_popescu: DreadKnight what's that string then ?
mircea_popescu: you can keep it ignored really. the otp url never changes
mircea_popescu: now try replacing "string" with you know, the actual string.
asciilifeform: then press 'any key.'
pankkake: and press the any key :)
DreadKnight: I got the string, any preferred pastebin?
mircea_popescu: to prove you actualy are that you decrypt and present the string
mircea_popescu: the login process is that you make a claim as to who you are, gribble encodes a string to that public key
DreadKnight: oh, you wanted the public key
mircea_popescu: no. paste the blob you find at that url
DreadKnight: mircea_popescu, I'm a bit noobish; running gpg in a terminal... and it's like gpg: Go ahead and type your message ... then I paste F6A23D326FDF1035 in? xD
mircea_popescu: Rassah: Any of you guys ever go to conferences? ^ a bunch of people went to all sorts of them.
mircea_popescu: DreadKnight well then just get the pgp blob at the url, then run gpg and paste it in
gribble: Nick 'thestringpuller', with hostmask 'thestringpuller!~leflor@99-39-97-12.lightspeed.tukrga.sbcglobal.net', is identified as user 'thestringpuller', with GPG key id 0FF2943DA179E169, key fingerprint 6ACE36E786F39A4ADC4506DE0FF2943DA179E169, and bitcoin address None
mircea_popescu: DreadKnight so then go ;;eauth DreadKnight
mircea_popescu: which is really ofputting, because in many cultures, such as my own, the thumbprint is the curse of the illiterate.
gribble: User 'DreadKnight', with keyid F6A23D326FDF1035, fingerprint 2011A2ADC029482B2C2A1E9EF6A23D326FDF1035, and bitcoin address None, registered on Sun Apr 7 14:39:11 2013, last authed on Sun Apr 7 12:39:11 2013. http://b-otc.com/vg?nick=DreadKnight . Currently not authenticated.
mircea_popescu: DreadKnight anyway, get your gpg registered in the wot as a first step. we'll work something out.
HeySteve: nope mircea_popescu, they released a DK mobile game
mircea_popescu: just the good parts.
mircea_popescu: like you know, bitcoin is the bitcoin dollar. doesn't mean anyone's printing it.
mircea_popescu: dub they're supposed to be games not utilities man.
HeySteve: EA are quite hated, what they did to Dungeon Keeper was terrible
nagzter: I read the topics ;)
nagzter: I'm over on the site now ;)
mircea_popescu: nagzter ^ best way to check it out is the log.
mircea_popescu: o hi there. so what's this game thing ?
mircea_popescu: please do. homm2/3 were like... the best games ever made.
mircea_popescu: well there have been like 500 remakes, i recall playing a pretty good one back in 2007ish.
HeySteve: the idea is you'll be able to play against people for Bitcoin
mircea_popescu: i suspect this is deliberate. if people wanted interactive they wouldn't do online porn, they'd get a gf.
mircea_popescu: http://log.bitcoin-assets.com/?date=16-07-2014#758471 << there. some web game i played for five minutes
mircea_popescu: should be fine then.
HeySteve: ok disabled the auto-reconnect
rithm: get with the times
fluffypony: znc is the bomb diggety
mircea_popescu: people can want to minimize delays if they're trying to log a chan, but here the logs are published anyway.
rithm: raise the roof hobana
mircea_popescu: as a rule of thumb, i would say it's a great idea that if one's using a bouncer, that one sets the bouncer up so if it fails three times in five minutes it stops trying and shoots the owner an email or something. join/part spam is definitely annoying in all channels, even if most won't do anything about it.
mircea_popescu: Rassah: p.s. I'm not saying their etherium deal is a good one. I don't think investing in ether can in any way give a better return than investing in bitcoin... I don't think vitalik is much of a finance guy, either, so I'm not sure if this "ipo" ca be blamed on him << what the fuck sense does this make ? some guy that's not a finance guy involving himself in finance things is stupid by any conceivable definition of th
mircea_popescu: Rassah: My tribe consists of Tsiolkovsky and Tozoni, so I've been surrounded by extremely intimidating levels of inteligence... < if that means konstantin, wasn't the guy dead before the war ?
mircea_popescu: there's a whole discussion of the statement of these views as put forward by franco's republic a week or two ago in the logs.
mircea_popescu: "bolshevism is that jew-sponsored form of satanism that alters the moral fiber of good law abiding men making them beasts"
mircea_popescu: UNDER capitalism, ran the old Soviet-era joke, man exploits man. Under communism it is just the opposite. In fact new research suggests that the Soviet system inspired not just sarcasm but cheating too: in East Germany, at least, communism appears to have inculcated moral laxity. << for the record, this is older than electricity.
jurov: i guess someone preannounced they will sell for btc
gribble: The operation succeeded.
mircea_popescu: ;;later tell midnightmagic i dun see a problem in principle either, but i was trying to examine this "salt is hard to mine" theory. anyway.
mutate_: I'm fairly keen on being in the queue for one of the first alien blowjobs, before the novelty wears off and they start marrying humans and making them unhappy. Unfortunately I can't by any magic Ether cards because maths and computers got you fairly badly bullied at school and so I simply use a computer to have my bank details stolen from and know nothing whatsoever about Linux. What can I do?
benkay: <BingoBoingo> HANDSofSTEEL: If you really want to go long on ethereum, mircea_popescu wants to go short. I'd advise reading up on ethereum criticism before doing anything rash though. // it's magically also a bet that nothing'll be around in 9/12 mos.
gribble: "Seinfeld" The Puffy Shirt (TV Episode 1993) - IMDb: <http://www.imdb.com/title/tt0697762/>; Seinfeld Scripts - The Puffy Shirt: <http://www.seinfeldscripts.com/ThePuffyShirt.htm>; I don't wanna be a pirate - YouTube: <http://www.youtube.com/watch?v=PjFjD11zOCM>
mircea_popescu: well cause it ain't making any sense. why do you chew the scenery ?
adrrr_: the query sorry
mircea_popescu: I divert the issue ? what issue!
mike_c: another confused frenchman.
adrrr_: you divert the issue
mircea_popescu: how do i talk in the 3rd person ?
adrrr_: mircea_popescu: why do you talk in the third person?
mod6: is the domain mpex.co finished? I've updated the key in my script, just wondering if I should s/mpex.co/mpex.bz|mpex.ws/
mike_c: i lol'd at this yesterday. not that they are over-reacting: http://assets.nydailynews.com/polopoly_fs/1.1876753.1406095852!/img/httpImage/image.jpg_gen/derivatives/article_970/front2-0723.jpg?enlarged
mircea_popescu: "omg ew this is totally different than all the things going into other things i've seen today!" << lol
mike_c: tmq often rants about gov't officials at even much lower levels with their ridiculous tax-payer funded security details fouling up things for everyone else with their special traffic treatment.
assbot: Woman in Labor Unable to Cross Street to Hospital Because of Obama Motorcade | NBC Southern California
hanbot: dub looks for the unsee button / pigeons: yeah like i shouldnt already know better than to click one of mircea_popescu's links << "omg ew this is totally different than all the things going into other things i've seen today!"
ThickAsThieves: “I promise you even before this speech is over I’ll be attacked as a hater or a bigot or someone who is anti-gay,” Rubio said. “This intolerance in the name of tolerance is hypocrisy. Support for the definition of marriage as one man and one woman is not anti-gay, it is pro-traditional marriage.”
fluffypony: ideas in this manner. Try to just present the facts without all of the colorful nonsense."
fluffypony: "It's a shame because you make great points, but you express them in a manner that is all over the place bordering on incoherent. Not to mention, you unintentionally come off as a bully calling people fascists, etc, and criticizing people in such vitriolic ways just because their views don't match your own perfectly. To be honest, I agree with you, but I can't imagine you're doing anything but preaching to your own choir by expressing your
mircea_popescu: o wait, one of the shits im selling short and nobody's buying
assbot: Circle has still not responded to Peter Todd about whether they are implementing censorship or surveillance technology : Bitcoin
mircea_popescu: ThickAsThieves "we made the country suck how dare you leave now" is how it works
ThickAsThieves: "President Barack Obama plans to go on the offensive later Thursday against companies that use cross-border mergers to avoid U.S. taxes, accusing them of essentially renouncing their American citizenship to shield profits. "
ThickAsThieves: never owned one but they sure are ugly
gribble: http://www.urbandictionary.com/define.php?term=OFN | 2. ofn. OFN means, "Old Fucking News" meaning, GET WITH THE FUCKING TIMES! "Hhahaha, did you see t his totally l33t flash?" "OFN Loser by like a year.".
mike_c: you could spring for the $3 http://www.amazon.com/Berkshire-Hathaway-Letters-Shareholders-2012/dp/1595910778
punkman: Stephenson says Husserl's writings are the hardest stuff he's read
fats_cd03: anyone know where i can find a pdf of the 67-77 BRK letters?
asciilifeform: punkman: that's more or less the only fictional world i'd not mind moving to.
punkman: asciilifeform: finally read anathem, wasn't such a backbreaker. maybe the big scrolling html made it go down easier than having to turn 900 pages by hand
fats_cd03: cool, i have the first mention
assbot: Micromort - Wikipedia, the free encyclopedia
mike_c: like the new nick :)
ThickAsThieves: not the best comparison
Pierre_Rochard: nubbins`: meh, very simplistic layperson’s view there. DSCR > 2 and LTV < 50% is prudent
nubbins`: the assumption that blowing your savings on a speculative investment when you have large pre-existing financial committments isn't a good idea
Pierre_Rochard: nubbins`: i suppose at the very least, bankruptcy would absolve you of your car loan and mortgage // is the assumption here that bitcoin price going to zero would make the borrower go bankrupt? Because that would be poor balance sheet management too.
ThickAsThieves: "Just a USMS auction price discovery update: I contacted the USDOJ Office of General Counsel regarding my FOIA request submitted back on the 6th of July... and they stated I should see information in early August. They also stated they had a flood of requests for information on that auction."
bitcoinpete: "On Thursday, Mark J. Mazur, the Treasury Department’s assistant secretary for tax policy, made the case that any new laws targeting inversions – transactions that allow American companies to reincorporate abroad – should be backdated to May 2014, potentially affecting a number of multibillion-dollar deals."
mike_c: the risks aren't equivalent to *you*.
bitcoinpete: "Mr. Schneiderman, the state’s top law enforcer, contended that Barclays favored high-frequency traders over other investors in its dark pool, known as Barclays LX. He contended Barclays falsified marketing materials, inaccurately portraying the concentration of high-frequency traders in the market, and he said the bank misrepresented a service that purported to protect investors from predatory trading behavior."
xmj: the risks are equivalent
xmj: you're a counterparty risk to the bank and someone else is a counterparty risk to you
xmj: if they're of equivalent risk and differently priced that's due to market frictions.
xmj: you don't need cds if they're of equivalent risk.
nubbins`: i suppose at the very least, bankruptcy would absolve you of your car loan and mortgage
xmj: if you have them.
xmj: paying off debt is always the best option.
Pierre_Rochard: kakobrekla: so everyone should pay off their mortgage / student loans / credit cards / car loans before buying bitcoins? Seems a little extreme and just poor balance sheet management imho
kakobrekla: <Pierre_Rochard> bitcoinpete: or borrow the money to buy the car and use the cash to buy btc << I like this form of indirect leverage. Who else would finance bitcoins < 5% APR (0% if you get a good deal)? < as i was saying, if you are in position where you need to borrow to gamble/invest in btc, you should not do it.
xmj: fluffypony: if you hear from anyone that they need such, let me know please :)
xmj: i've noticed there is no difference in setting up a server from scratch either a) manually or b) with salt. b) is reproducible, documented and reusable.
Pierre_Rochard: bitcoinpete: or borrow the money to buy the car and use the cash to buy btc << I like this form of indirect leverage. Who else would finance bitcoins < 5% APR (0% if you get a good deal)?
fluffypony: yeah look, if I paid a competent sysadmin freelancer that'll cost me $50/hour, and I can guarantee they'll over-engineer things despite my asking for something simple
fluffypony: for the Cloud of Trust?