ThickAsThieves: "Under the plan, fund boards would have the discretion to impose redemption fees of up to 2%, or to temporarily halt redemptions altogether, if their weekly pool of cash or cash like assets drops below the agency's required ratio of 30%"
ThickAsThieves: "Financial Stability Oversight Council, have said such redemption restrictions could spur, rather than curb, investor stampedes." indeed
benkay: "The vote ends more than five years of struggle over how to address structural vulnerabilities in the funds that encourage investors to bolt at the first sign of trouble." LTCM anyone?
trixisowned: just wanted to lol @ https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 together
assbot: BPS Research Digest: What the textbooks don't tell you - one of psychology's most famous experiments was seriously flawed
asciilifeform: no shortage of possible experiments to choose from (e.g. Lamportian 67% theoretical maximum threshold (see 'byzantine generals') instead of 51; programmable work functions; a hundred other things)
asciilifeform: benkay: point is not that a hypothetical altchain created by thinking people would displace traditional btc, but that it is theoretically possible to build something that's at least worth thinking about.
bitcoinpete: Nassim N. Taleb @nntaleb · 38m Up to 19thC, people in the Levant changed religion to stay in the land. Today they change land to keep religion. (Druzes⇒Maronites⇔Shiites) << sounds downright civilized
pigeons: go isnt working at the moment from my location at least
benkay: asciilifeform: even if they could reimplement the thing from scratch, it still wouldn't touch btc proper.
asciilifeform: if any of them took the trouble to write something interesting (e.g. system analogous to the original btc but of proper, rather than 'power ranger' quality) and resisted the temptation of premine shenanigans, etc. - but no.
bitcoinpete: asciilifeform: also how herschel tricked one of the channukah goblins. eggs in the jar iirc
asciilifeform: this is quite analogous to the altchain folks
asciilifeform: monkey reaches in, grasps banana, refuses to let go, sits there. until hunter shows up.
benkay: pankkake: yeah, i know what you're saying. this discussion hearkens back to a thing a wise old man harps on about how if you can have the patience to see past the next 6 months to two years you can make trades the rest of the market won't consider because they want 17%/annum *now*
bitcoinpete: ThickAsThieves: maybe if they were camgirls
asciilifeform: container with, say, banana, and a hole big enough for the beast's hand, but not if it holds the bait
ThickAsThieves: maybe he can buy their love
asciilifeform: is everyone familiar with the proverbial 'money trap' ?
benkay: "quite high" sure, but are they going to go from .01 US per to 10k per?
princessnell: i love that it reveals the exhuberance
ThickAsThieves: i'd love for people to be buying from MP instead of the actual people
benkay: vb & co. imagine they're actually doing something, but they're just draining the wallets of latecomers
pankkake: if you look at similar coins, like nxt and ripple, they're still valued quite high
ThickAsThieves: i think the best part about the offer is it's potential to disrupt the live offering
benkay: it's just the whole "i missed btc, maybe this will make me rich" self delusion alllllllll over again.
benkay: i guess a hedge against ether going somewhere isn't such a bad idea, but it totally fails the good investments criteria.
ThickAsThieves: you could argue that the noob hypewagen is strong enough to carry ETH value above MP's offer
benkay: what's smart about buying ether?
bitcoinpete: the smart kids will be all over mp's offer
ThickAsThieves: i'd say you could almost short it if you bought real ETH, sold off-market for slight discount, then repurchased from MP, but you'd still be betting only on the availble spread, if price dropped below MP's offer, your short would be fukt ... even then they tell you cant do anyhting with the ETH til genblock is made... soooo
pankkake: wait, why the fuck are they callimg themselves ETH Suisse? I just remembered: https://fr.wikipedia.org/wiki/%C3%89cole_polytechnique_f%C3%A9d%C3%A9rale_de_Zurich
bitcoinpete: lol to the correction car!
benkay: who's claiming that he's offering a vehicle for others to short?
benkay: mp's going short, and offering to sell the thing to anyone at a future date below what it's selling for now.
benkay: 'cept the classic popescuian naked short
bitcoinpete: ThickAsThieves: they get more later
pankkake: there are tools to edit it, though
ThickAsThieves: bitcoinpete, unless i need more coffee, mp isnt allowing people to short ETH, he's allowing them to long it
benkay: <pankkake> unfortunately there's no easy way to remove an address from bitcoin-qt // delete from wallet.dat? or is that not actually a text file?
benkay: what, after all, is the point of a "database" if one's not going to actually organize data in a useful fashion within?
bitcoinpete: benkay: but for it being my first time on the wheel in a close to 15 years, quite well :D
benkay: this rescanning the blockchain thing is a total bitch, isn't it?
bitcoinpete: benkay: my hands are still stained from the autumn leaves glaze
pankkake: so the private key is now known to multiple people
pankkake: I gave the private key to MP at a time I wasn't sure I could even transfer the coins in a timely manner
benkay: <mircea_popescu> <pankkake> well, he has the private key, but I have it too. not smart :p << omg BingoBoingo WHAT HAVE YOU DUN NAO // yeah, i'm also curious as to what's going on here
nubbins`: the stigma of eating lunch alone
penguirker: New blog post: http://bitcoinpete.com/2014/07/23/a-guide-to-buying-5000-ether-bitcoin-2-5x-more-than-ethereums-genesis-sale/
benkay: <chetty> <mircea_popescu> benkay: this is what happens when you let the wimmins manage projects without oversight << word, seriously. and you should see what happens when you let them manage kids w/o oversight.// yeah you get adults // team effort, anyone?
pankkake: “Return on investment”: that’s the phrase you often hear today when people talk about college.
ThickAsThieves: "Before he started college, he spent most of his time reading and writing short stories. Three years later, he’s painfully insecure, worrying about things my public-educated friends don’t give a second thought to, like the stigma of eating lunch alone and whether he’s “networking” enough. "
ThickAsThieves: well they didnt invent NSFW for sex workers
assbot: Canada's Foreign Aid spending around the world | CIDP | Canadian International Development Platform
nubbins`: you know raising meat animals in the first place isn't particularly great for the environment
nubbins`: is that the bare minimum tho?
nubbins`: just like you're not a reasonable adult worthy of dignity and respect... to them
cazalla: if they cared about their environment, they'd at least grow veg and raise their own meat at bare minimum
cazalla: they are none of those things though
cazalla: nubbins`, i'll out and see them do it first
nubbins`: knowing what i know about you, this must drive you to the brink of suicide each day
cazalla: i live in the capital of hipsters, feminists, greenies in australia :\
Pierre_Rochard: princessnell: thanks! mircea_popescu: permission to republish? In general longer/older/timeless articles go to the literature section, shorter/newer/“current events” go to the Memory Pool.
assbot: Advanced WoT course : how the WoT is attacked, and how it defends itself. pe Trilema - Un blog de Mircea Popescu.
princessnell: Pierre_Rochard also probably WoT lit http://trilema.com/2014/advanced-wot-course-how-the-wot-is-attacked-and-how-it-defends-itself/
mthreat: mircea_popescu: I get the "venti" (20oz) size
assbot: The problem of too much money pe Trilema - Un blog de Mircea Popescu.
assbot: The future of Bitcoin regulation pe Trilema - Un blog de Mircea Popescu.
cazalla: i wouldn't use pheeva on account the dev is fat albert
mircea_popescu: had some pretty good, not much of a coffee drinker myself, but i mean... they prolly import their shit.
assbot: The MPEx Rota pe Trilema - Un blog de Mircea Popescu.
princessnell: Pierre_Rochard rota case study (i <3 law and econ) http://trilema.com/2012/the-mpex-rota/ and http://trilema.com/2013/case-i-wences-vs-mpex-breach-of-fiduciary-duty/ and http://trilema.com/2013/rota-post-mortem/
assbot: The politics of Bitcoin pe Trilema - Un blog de Mircea Popescu.
assbot: A complete theory of economics pe Trilema - Un blog de Mircea Popescu.
princessnell: Pierre_Rochard maybe http://trilema.com/2014/a-complete-theory-of-economics/ and http://trilema.com/2012/the-politics-of-bitcoin/ for posterity http://trilema.com/2014/interacting-with-fiat-institution-a-guide/
mthreat: mircea_popescu: because i don't know good vs. bad coffee probably, and it's the 2nd closest after Cafe Martinez (probably worse)
mthreat: starbucks raised their prices in Buenos Aires again yesterday. Since December 2013, the coffee I get has gone from 30 to 44 pesos
mircea_popescu: ThickAsThieves: Sexy Saffron appears to be parlaying it up << the sign of a smart girl. you only need give a little push.
pankkake: unfortunately there's no easy way to remove an address from bitcoin-qt
mircea_popescu: <pankkake> well, he has the private key, but I have it too. not smart :p << omg BingoBoingo WHAT HAVE YOU DUN NAO
mircea_popescu: nothing lulzier than watching teh propaganda machine trying to spin utter failure into being chic, hip, and what these blasted youngsters want.
mircea_popescu: pankkake: mainstream media prepping the general public for inflation << precisely.
pankkake: well, he has the private key, but I have it too. not smart :p
asciilifeform: mthreat: the floppy.
mthreat: asciilifeform: the first IBM PC had some kind of relay, you could access it with the BASIC instruction "MOTOR ON" or "MOTOR OFF". If you turned it on and off in a loop, it was a buzzer.
gribble: The operation succeeded.
asciilifeform: ;;later tell moiety further example, if you liked - https://www.youtube.com/watch?v=R2UmkfixRH8
gribble: The operation succeeded.
asciilifeform: ;;later tell moiety a true maestro will play, say, j.s. bach, correctly! that is, gigantic lift motors for the low octaves, little floppy drive head drivers for the highest.
gribble: The operation succeeded.
ThickAsThieves: its the dev team
ThickAsThieves: cuz we wish we were there
mircea_popescu: asciilifeform how about this btw ? when confronted with the logs, i naturally settled on parsing rather than compiling. is this because im stupid or is this beause parsing is better ?
mircea_popescu: it's signed itself (there's a link to the pgp sks infrastructure with my signature on it)
mircea_popescu: Pierre_Rochard the SA reddit subsection thinks you suck nao.
mircea_popescu: davout: was the new mpex key advertised anywhere ? << in faq and linked here.
chetty: <Pierre_Rochard> chetty: please let us know if you have any other candidates for republication// trilema is a gold mine
mircea_popescu: trying to fix a problem with the town through marriage is not unlike trying to fix poor reception by holding the antenna in certain ways or a malfunctioning computer by running the tap nearby.
mircea_popescu: they ran out of friendship cards in your town ?
ThickAsThieves: my brother got surprise-eloped last week
mircea_popescu: mike_c you're not picking a girl then.
mike_c: no. 1) pick a girl. 2) she picks the date
Pierre_Rochard: chetty: please let us know if you have any other candidates for republication
mircea_popescu: mike_c how do you know the date if you don';t have other things (presumably, the girl ?) figured out ?
pankkake: > I work in the adult comic industry and we sometimes publish furry comics (anthropomorphic people) and we frequently get taking down by banks and payment processors for distributing "bestiality."
mircea_popescu: "A verbose and condescending essay written by a child who has never encountered true malice or been hungry in his whole life." << o, "you've never been hungry thus what you have to say is unimportant". because yeah, that's true value : to find out from the frequently hungry how they dun it!
mike_c: sometimes this channel is a sausage fest. save the date's are very reasonable. you don't have all the details figured out, but you know the day and don't want people to book something else.
mircea_popescu: asciilifeform there you go. it was not stalin's fault. the people wanted, nay, the people needed it. all of it.
mircea_popescu: i suppose the word he's looking for is "terrorism"
mircea_popescu: "Dear lord this is absolutely fucking grade-A insane. I had to read that first paragraph 4 times just because I just couldn't believe somebody would ever intentionally write something so convoluted. And it doesn't improve as the paper continues. In all seriousness, this reads almost exactly like the deranged manifestos that are left behind by school shooters, that is the vibe I get from whatever the fuck you want to ca
assbot: Bitcoin taps into efficiencies in the camwhore market : Buttcoin
pankkake: http://www.reddit.com/r/Buttcoin/comments/2bhf59/bitcoin_taps_into_efficiencies_in_the_camwhore/ eh
mircea_popescu: translation : "that asshole mp is putting pressure on our liquidity providers (what, you didn't think we OWNED the btc we're presenting as having been invested by third parties ?!) and so we won't be able to keep the charade up without recirculating some capital. sorry!"
mircea_popescu: fluffypony: "- We reserve the right to use up to 5000 BTC from the pre-sale while the pre-sale is running in order to speed up development." << funny they didn't reserve it before the fucking thing started.
chetty: <mircea_popescu> benkay: this is what happens when you let the wimmins manage projects without oversight << word, seriously. and you should see what happens when you let them manage kids w/o oversight.// yeah you get adults
mircea_popescu: chetty yeah, the guys asked for permission to republish
mircea_popescu: danielpbarron: i sent Jick a message for him to answer on his podcast, telling him he should accept BTC for Mr. A's; he shot it down and mostly focused on the "tone" i used << incredible the gall of these fuckwits.
mircea_popescu: benkay: this is what happens when you let the wimmins manage projects without oversight << word, seriously. and you should see what happens when you let them manage kids w/o oversight.
mircea_popescu: danielpbarron: << if it's anything like the counterparty burn for xcp << supposedly this is not a burn, they intend to spend it.
gribble: You rated user princessnell on Thu Jun 12 00:45:23 2014, with a rating of 2, and supplied these additional notes: She's smart..
mircea_popescu: that thing's probably worth more than the whole us atm.
mircea_popescu: benkay: hey have you guys heard about this ICBC auto insurance monopoly in BC? << kinda why i was so lulzed out at the entire "icbc is in pink sheets" nyse debacle.
mircea_popescu: bah im fucking late to the party
mircea_popescu: do they send out "mr schmukersson will impulsively fuck mrs schmukersson thursday, august 15th around 7:12 pm, your presence is kindly solicited" spam too ?
ThickAsThieves: i skim it for glitches in the matrix
cazalla: pankkake, i eagerly await the day coblee turns from saint to pariah
cazalla: only cause i saw that time link here and then 2 seconds later on reddit heh
pankkake: cazalla: yes, it's the account I have at work
pankkake: we're having it all here. deflation would be catastrophic, there's not enough inflation, lowering prices is bad (currently used to forbid competitors and favor existing cartels)
ThickAsThieves: "These 3 Companies Can Raise Prices Without Losing Your Business"
ThickAsThieves: all propaganda to the max
ThickAsThieves: wow i'm scrolling through these Money articles on time.com and it
pankkake: mainstream media prepping the general public for inflation
ThickAsThieves: "I realize that the costs of these things will rise—prices always rise. It would just be nice if our salaries rose enough to pay for them." wish harder.
jurov: i'm not out of lulz, just got another phish "from bitcointalk". they even went into trouble of photoshopping theymos' account: http://s8.postimg.org/j399erbpx/ads.jpg
assbot: What Millennials Want That Their Boomer Parents Hate - 1
jurov: someone has hyperactive imagination there
ThickAsThieves: the solar system we got is officially making more than we are using :)
ThickAsThieves: lol they also warn of victimofsuccessery "If the Ethereum Platform is rapidly adopted, the demand for ETH could rise dramatically and at a pace that exceeds the rate with which ETH miners can create new ETH tokens. Under such a scenario, the entire Ethereum Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could dampen
pankkake: what the lol
assbot: The Nostalgia Machine
dub: http://thenostalgiamachine.com/ too cool
punkman: "It is possible that the Ethereum Platform will not be used by a large number of external businesses, individuals, and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Ethereum Platform and potential uses of ETH. "
punkman: this ToS of theirs is full of gems
ThickAsThieves: and the team says they will liquidate without hesitation and leave the work to the community at will
ThickAsThieves: ok so EthSuisse is basically the team
ThickAsThieves: why did etherium wait so long to sell this anyway, their hype is like 6mos old already
thestringpuller: so long and thanks for all the fish
punkman: I liked this part: "EthSuisse will be liquidated shortly after creation of genesis block, and EthSuisse anticipates (but does not guarantee) that after it is dissolved the Ethereum Platform will continue to be developed by persons and entities who support Ethereum, including both volunteers and developers who are paid by nonprofit entities interested in supporting the Ethereum Platform."
fluffypony: now instead they're goign to party
ThickAsThieves: "- We reserve the right to use up to 5000 BTC from the pre-sale while the pre-sale is running in order to speed up development." lol so were they gonna just sit on their thumbs otherwise?
assbot: imgur: the simple image sharer
ThickAsThieves: nubbins`:incidentally, if anyone's interested, this is what a "save the date" looks like: http://imgur.com/KxD5W0m /// not bad
ThickAsThieves: mircea_popescu:BingoBoingo i saw some on tat's link too /// ah, it seems my post was simply moved from /r/bitcoin, a mod even posted he was mad at all the non-bitcoin-related posts yesterdya
ThickAsThieves: mircea_popescu:canada hasn't had a good musician since cohen visited and the us... //// Propagandhi, Neil Young, Greg MacPherson, The Weakerthans
jurov: http://pgp.surfnet.nl:11371/pks/lookup?op=vindex&fingerprint=on&search=0x02DD2D91 here is the signature
dub: the mpex key should be signed by mp
dub: its where the new key is, I assume that is signed
dub: (i think its an artifact of mp having fucked up DNS for the old one somehow)
davout: was the new mpex key advertised anywhere ?
pankkake: it's ok for others, though
Guest73329: Hey all. Theymos automatically bans anyone who posts his dox on bitcointalk.org -- to demonstrate simply paste http://pastie.org/9414192 in a reply, and your account will automatically be banned.
fluffypony: "- We reserve the right to use up to 5000 BTC from the pre-sale while the pre-sale is running in order to speed up development."
fluffypony: Etherium presale already over 3000 BTC
gribble: The operation succeeded.
moiety: !up drawingthesun
BingoBoingo: Eh, most times you encounter a mass of people they will be opposed to you. That's what the whole girding your loins stuff in the old books is about.
BingoBoingo: Games all the way down.
nubbins`: you're saying these things are MONEY?!
nubbins`: i thought btc was the game
BingoBoingo: nubbins`: Didn't you get the memo that BTC is money for games?
BingoBoingo: danielpbarron: On the plus side ignoring the thing for 6+ years means there's new content nao at least
BingoBoingo: danielpbarron: Well, it was always worth more than any part, but... Back in the say the set used to be a 100+ million meat sort of deal
BingoBoingo: danielpbarron: Ah, I see the time set declined in value as well due to competitive alternatives existing nao
assbot: We are the champions - YouTube
asciilifeform: benkay: smallest 'quantum' of pumpage ends up being rather large.
asciilifeform: benkay: i considered peristaltic. turns out, others have tried - they end up 'burping'
benkay: <nubbins`> i struggle to understand living a life so bereft of meaning that blowing your wad on a $50k one-off party is the culmination of your aspirations // that's why they demand consummation immediately afterwards, to keep the void filled
benkay: <dub> if you know when, why not skip straight to the invite proper // this is what happens when you let the wimmins manage projects without oversight
gribble: Currently authenticated from hostmask kuzetsa!znc@wikipedia/kuzetsa. Trust relationship from user assbot to user kuzetsa: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=kuzetsa | WoT data: http://b-otc.com/vrd?nick=kuzetsa | Rated since: Sun Jul 15 14:54:23 2012
gribble: Currently authenticated from hostmask kuzetsa!znc@wikipedia/kuzetsa. Trust relationship from user benkay to user kuzetsa: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=benkay&dest=kuzetsa | WoT data: http://b-otc.com/vrd?nick=kuzetsa | Rated since: Sun Jul 15 14:54:23 2012
gribble: Currently authenticated from hostmask Rassah!~quassel@2601:a:f80:551:beae:c5ff:fe45:db9e. Trust relationship from user assbot to user Rassah: Level 1: 0, Level 2: 2 via 2 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Rassah | WoT data: http://b-otc.com/vrd?nick=Rassah | Rated since: Fri Jun 3 23:49:22 2011
BingoBoingo: danielpbarron: It was indeed a nice pull from storage, but... Everything in this world is negotiable... And the set together has an added bonus
BingoBoingo: danielpbarron: Well, meat or BTC. I'd rather keep the trio together. TIme limited content and all that.
BingoBoingo: danielpbarron: Well, time trappings, the whole outfit.
gribble: The operation succeeded.
TheNewDeal: how did they become a monopoly
benkay: nubbins`: is there an auto insurance monopoly in your corner of the great untamed communist north?
asciilifeform: only thing on the gift registry that i felt comfortable buying << lol, i suggested it as the actual instrument of sepukku
dub: sorry, his mother is
nubbins`: asciilifeform please join steve and kristy as they ritually disembowel themselves! transportation to and from event provided
asciilifeform: life so bereft of meaning that blowing your wad on a $50k one-off party is the culmination << next: seppuku parties. save the date!
dub: been to a couple of weddings involving several thousand dollars worth of international travel and accom for the guests, one of those had a save-the-date (STD?)
nubbins`: i struggle to understand living a life so bereft of meaning that blowing your wad on a $50k one-off party is the culmination of your aspirations
nubbins`: these people
dub: if you know when, why not skip straight to the invite proper
nubbins`: deco is the new deco
dub: I have a similarly gatsby themed one on my fridge
assbot: imgur: the simple image sharer
nubbins`: incidentally, if anyone's interested, this is what a "save the date" looks like: http://imgur.com/KxD5W0m
dub: funnily some time in teh 90's as I recall they started not taking it out and advertising as iodized
mircea_popescu: <dub> idk, I recall a theory that abnormally high iodine levels in the japanese contributes to their well above average longevity << fukushima makes sense nao.
cazalla: i won't pretend to know much about it other than what i said, law states they must add it to bread here, marketed to help the fetus yet women aren't falling pregnant, sounds more like a marketing pitch - here's a donut with folate, any excuse to buy it
mircea_popescu: <asciilifeform> the device receives sms spam. << yup
gribble: Grain Overload/ Acidosis - LEA-White Farms Registered Highland ...: <http://www.leawhitefarms.com/grainoverloadacidosis.htm>; Processed Bread - Feeds Marketing: <http://www.feedsmarketing.co.uk/processed-bread>; List of cattle breeds - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/List_of_cattle_breeds>
dub: ;;google cows in the bread
cazalla: actually, bread is folic acid, yet these women don't have babies
cazalla: they add it to salt, bread etc etc here
dub: idk, I recall a theory that abnormally high iodine levels in the japanese contributes to their well above average longevity
cazalla: re: salt, what is it with chinks and magic salt, had missus bff coming around with himalayan salt trying to scam me under the guise of it being great for baby
BingoBoingo: For the cost of keeping a phone alive on the network I dunno of anything cheaper than Tracfone in the US
kuzetsa: I guess assbot shares the same database as gribble, neat
BingoBoingo: asciilifeform: Their sims are very device locked
asciilifeform: BingoBoingo: they sell non-devicelocked sim ?
BingoBoingo: asciilifeform: If you want pure cell phone and SMS service Carlos Slim's Tracphone is the cheapest option
kakobrekla: from the ghetto streets.
dub: theres a sim in mrs dubs ipad that hasnt had credit on it since.. whenever ipad2 dropped 3+ years? still registers on the network fine