Rassah: then we have individuals that actually do control that mining power. Badly alligned incentives...
Rassah: I am especially concerned about the one where mining in a pool is made difficult to impossible by making sharing a secret key that lets the miner steal all coins a requirement. The way I see it is, we either have pools that concentrate mining power, but don't actually own or control that power, or we create incentives for individuals to amass tons of mining power, since being a smal miner or as part of a pool is impossible, and
Rassah: A lot of the whole "How can we fix 51% attacks" suggestions are really horrible...
Rassah: It was not 5 minutes, it was more like a long slog into the dumps
mircea_popescu: was this 5 minutes before or 5 minutes after their public image got wrecked ?
mircea_popescu: lol wait, the bf is not interested in a public image anymore ?
Rassah: ThickAsThieves: but how to apply this logic to Ploshay? Ploshay was well liked, and was like the "popular girl" or whatever, elected during a very public election when the BF was still something the general public was interested in, and when BF was still interested in a public image
ThickAsThieves: <+Rassah> Anyone ever wonder how the hell Brock, whom no one knew much about, got elected to the BF board, when the public either does't know him or hates his guts? To me that says connections of some sort... /// but how to apply this logic to Ploshay?
mircea_popescu: i don't do safewords either.
pankkake: Scott Kveton is the CEO of Urban Airship, a mobile services platform provider in Portland, Oregon <= CEO, "urban", "mobile services", "portland"
mircea_popescu: Rassah you figured wrong. tieing your ability to sign to bitcoin is a step in the wrong direction.
pankkake: pgp offers more than signing, and has an entirely different paradigm. identity has multiple signing and encryption keys; you trust the identity
Rassah: It's supported by bitcoind, blockchain.info, Armory, Mycelium, and probably many others. I figured bitcoin message signing is a step in the right direction, because not many are working on making PGP keys secure as hell, but tons of people are woking on making Bitcoin keys secure as hell, and easy to use from wallets. Otherwise I don't know what the difference in implementation is between PGP and BTC signing
mircea_popescu: leaving aside all the 500 other problems with the idea, why would you want to centralise things ?
Rassah: For instance, at the conference
mircea_popescu: Rassah i have no idea what you just asked. what php keys, and where would i accomodate them ?
mircea_popescu: http://whatever.scalzi.com/2013/08/26/to-the-dudebro-who-thinks-hes-insulting-me-by-calling-me-a-feminist/ << in which self centered douche imagines someone poking fun at him necessarily gives a shit about him personally.
mircea_popescu: princessnell if it helps, i think the next victim is nick szabo
mthreat: "bitch is in the heart"
mircea_popescu: because you think there's somehow two power groups, because i guess... a lot of talking ? or something.
mircea_popescu: perhaps because you also don't know who laid down the ruleset for the sec, and really for the whole us
mthreat: mircea_popescu: have you tried running a google adword on taleb's own name? people often google themselves. I remember reading a blog post from a guy who used that approach to reach someone.
mircea_popescu: Rassah notrly. the people you've not identified include wences, voorhees, momchil, bunches of others.
Rassah: mircea_popescu: yeah. Seems there are two completely different power groups in Bitcoin
mircea_popescu: princessnell how... long ? well so far i took it down from 5 to 3 minutes. if you can deliver in less im sure the girls will love it.
princessnell: #bitcoin-assets is the realest world
mircea_popescu: Rassah http://trilema.com/2013/the-stuff-all-good-conspiracy-theories-start-with/ << identify faces will you.
Rassah: Hah! So you got connections to people on the bf board! Finally some real world ties :D
mircea_popescu: exactly the reverse of pickup artistrsy
mircea_popescu: i like how this is going, but! what i want is basically the words for a camho to coldhit an older, accomplished male.
mircea_popescu: Rassah the bf board is easy. i could have a dead hamster elected, if i wanted to waste btc supporting cancer.
mircea_popescu: princessnell so then why ask me what we're going for ?
Rassah: Anyone ever wonder how the hell Brock, whom no one knew much about, got elected to the BF board, when the public either does't know him or hates his guts? To me that says connections of some sort...
mircea_popescu: you watched the prev ones ?
Rassah: mircea_popescu: I don't think washed out child actors have millions privately invested in tons of companies, and tak about this shit over 20 rounds of beer that they pay with an AmEx Centurion card
mircea_popescu: now seriously dear assets, we need a script for the next girl doing a nude attack vid.
Rassah: pankkake: I agree with you that you don't need a coin for anything backed. Backing is by definition centralized, so the only thing you can decentralize is the servers handling it. Which, I guess using a distributed ledger instead of a centralized one running on your own server saves you a bit of money, but...
mircea_popescu: Rassah and if instead he were just a washed up child actor with a charged past, looking to come to terms with his depression, wouldn't he be claiming basically the exact same things ?
Rassah: pankkake: I'd rather use OpenTransaction instead of Ripple
Rassah: He's basically another stpid-rich guy who likes to fuck with things
Rassah: That's partially why Realcoin, too. Get the pot stirring, maybe someone will get upset and make something better, maybe not, likely it won't go anywhere (he doesn't think it will last may years), but as long as he had fun, he does't give a shit
Rassah: Brock is not as insultingly direct as you, but the best way to describe him is chaos. He has a shitton of money, and his goal in life is to create as much chaos and clusterfuck as possible using that money. Including investing in things that compete directly against his own companies and prior investments.
benkay: <nubbins`> wait, so taleb didn't take the bait from that really super cringey video you paid for? // 30 second doses were all i could handle
pankkake: isn't realcoin the stupidest thing ever?
Rassah: neither is Brock, so that's not what I meant
ThickAsThieves: what was the quote?
Rassah: mircea_popescu: btw, ironically, I thinkyou and Brock Pierce of Realcoin would get along well together...
Rassah: It's been a while since I have been in the anals of bitcointalk, so I forgot. Please fogive me Mircea
Rassah: The longest running exchange that has not collapsed like every single other asset exchange has
mircea_popescu: speaking of which, i wonder when the first president rape occurs. now that women can be presidents.
fluffypony: and the owner keeps getting extradited from country to country
mircea_popescu: pankkake the theory i was happy with held that they worship the holders of trappings of power. ie, only the powerless.
Rassah: Some people are public company representatives that still rely on sales and not making politicians freak the fuck out :)
Rassah: mircea_popescu: finally finished your article. Nothing I disagree with. Much of that is discussed in private by some of the attendees, who otherwise put on a faux public face
mircea_popescu: but maybe we should actually write scripts for the girls.
ThickAsThieves: i probly annoyed people you know at one time or another, but im not connected to em
pankkake: as there wasn't much to say, so it ends up being weird
mircea_popescu: Rassah http://www.youtube.com/watch?v=-yrlh3E_qu4 << there. how does htis look to you ?
Rassah: ThickAsThieves: Damn. I'm wondering if the tightly woven net of connections here is in any way linked with the tightly woven net of connections I am involved with outside of here...
nubbins`: seriously, the fifth word out of her mouth was "fantastical"
nubbins`: mp i'm not sure, i guess generally people with a lack of social skills both end up cringey and spending a lot of time at the computer
mircea_popescu: nubbins` srsly, why are they so cringe-y ?
mircea_popescu: im starting to think like there's no content to be had or something
Rassah: I was at the Amsterdam one on September
mircea_popescu: ThickAsThieves the funny thing is... you promised liveblog. then blog. then it fizzled. then fluffypony went to some derpference, promised liveblog. then blog. then it fizzled.
assbot: The conference, third edition pe Trilema - Un blog de Mircea Popescu.
empyex: mircea_popescu: Next conference starts in 9 months and 2 days. Estimated cost today: 2.11806614 BTC (Details: http://trilema.com/2014/the-conference-third-edition/ )
nubbins`: wait, so taleb didn't take the bait from that really super cringey video you paid for?
mircea_popescu: btw, anyone got that saffron chick's youtube at the ready ?
ThickAsThieves: there are connections on reddit?
Rassah: Specifically, what types of connections that you can make here, and why are they better than connection on Reddit/Skype/etc
mircea_popescu: a, that's easy. because mircea is a rich bastard, and that means he can claim anything he fucking feels like, then make it so.
ThickAsThieves: i'm confused about what you are confused about then
nubbins`: i really matter because i'm moderately well-connected in the wot
Rassah: By the way, anyone going to be in Chicago this weekend?
nubbins`: he played the devil in that Dr Parnassus movie
nubbins`: waits is actually a pretty good actor. they were both hamming it up in that scene
mircea_popescu: they suck at acting, too.
mircea_popescu: Rassah there's a lot teh soft cloud of derps circling btc don't know about.
nubbins`: mircea_popescu did you see the Iggy Pop / Tom Waits bit in c&c?
assbot: [ANN] Bernankoin the Coin Not Evil according to Paul Krugman DL WINQT v1.3 NOW | Bitcointa.lk
pankkake: Rassah: https://bitcointa.lk/threads/ann-bernankoin-the-coin-not-evil-according-to-paul-krugman-dl-winqt-v1-3-now.213856/
mircea_popescu: pankkake twas clear tho, i had said so before, and dropped buncha other hints around it.
pankkake: atc's market cap is pretty small, there's no real over-valuation I suppose
pankkake: Anus Then Cunt
assbot: A Touch of Class (band) - Wikipedia, the free encyclopedia
mircea_popescu: pankkake because its price graph looks exactly opposite of doge&the rest of the scamfarm ?
Rassah: I'm just wondering what the difference is between this IRC, and the Reddit/Skype/etc that's supposedly worse
Rassah: whom, if I had met, I'd be laughing at the notion of a fiat bank? (mind you, I hang out wth the likes of Kody Wilson and Amir Taki, too)
nubbins`: danielpbarron, it only takes 1btc to be elite these days? what the fuck does that make the rest of us?
nubbins`: ThickAsThieves, crazy software. probably not as slow these days with the abundance of cheap ram
mircea_popescu: yeah, they don't really like to have to dig.
ThickAsThieves: i think calling a cat a goldigger might be a tad off the mark
pankkake: sluts love the/your dick, at least
mircea_popescu: Rassah the author is this smart cookie.
princessnell: mircea_popescu re: blog. US rebellion day was especially bleak this year. so many patriots in love with a system that despises and exploits them. defending the ghouls that have consumed and spit out their culture.
kakobrekla: to throw off the FBI.
Rassah: but I purposefully worded it in the OP as if I had lost it all
Rassah: Oh, no wait. The 2,000 btc that was all gone was the BTC that went to pay for my Prius and pay off the HELOC. Sorry, got confused
mircea_popescu: ThickAsThieves does your position reduce to "cats love you too but you'll never know ?" cause i could argue the same of dildos.
Rassah: <mircea_popescu> Ah, forgot about that one. Sorry, I was trolling the bitcoin trolls, and explaining things to any alphabet soup agencies that may be listening.
ThickAsThieves: and i'm also pretty sure cats will mourn for their own
mircea_popescu: it can't be a loaded question. it gets immunity, because it's the strict followup to your protest.
ThickAsThieves: not sure thats the measure of ability to love
ThickAsThieves: mp doesnt think cats can love now, when was the last time you were hugged?
pankkake: there was (still is?) a porn kickstarter, but most of the things there were boring. the only one I voted for didn't go to funding stage
pankkake: and of course they like to do it
mircea_popescu: <Rassah> chetty: It's Germany. They would have a much better result if they blocked it with deathmetal << WORD.
mircea_popescu: pankkake it's not, mostly because the girls like to do it, the photogs like to do it, everyone likes to do it.
Rassah: chetty: It's Germany. They would have a much better result if they blocked it with deathmetal
mircea_popescu: the people backing otc to move there. which won't happen really, because people don't move unless the platform fucks up majorily.
mircea_popescu: danielpbarron is that the one with feminists ?
rithm: xvideos and pornhub have a terrible selection based on the search i just did for childporn
ThickAsThieves: theyre in love
mircea_popescu: kakobrekla i think he just wants to sing these days.,
kakobrekla: is thats why you hide these days?
mircea_popescu: Rassah i just did the math, i spent more on camhos this month than your ho nda took every 5-6.
rithm: mp speaks the truth
Rassah: What I didn't know before is that Priuses have no transmissions, timing belts, or belts f any kind, and reqire practicaly no mainenance other than 10k mile oil changes and 100k brake pad and transaxle fluid changes. Everything else is electric... After $600+ expenses every 3 to 5 years on my Honda Civic, this is awesome. The 60mpg helps too
mircea_popescu: (for the newfags, this "less than a house" thing is a reference to a 2012 discussion re jcpham's investment in pirate. he had less thna a house, more than a car there)
ThickAsThieves: maybe he uses the money he saves on gas to buy more bitcoins
rithm: if the 1000 btc were free?
rithm: oh are we having the conversation about "how x could be different if only i"
mircea_popescu: coulda bought 3 teslas, duct tape them together and just go everywhere and snub people
Rassah: I don't give a shit about the environment. I bought it to save money
rithm: so clandestine three-letter agencies dumping the firewire, supermagnets, and a failed raid controller
Rassah: btw, the only people here I know are Mircea...
Rassah: Conveniently, the Prius was *exactly* 1,000BTC. Makes it easy to calculate it's present BTC value
mircea_popescu: so how much btc was the prius ?
Rassah: And, btw, I was buying when it was $6, then $16, then $22, and then continued bying all the wa from $30 to $2.50, because I understood and believed in the syste
rithm: someone linked me to the blog and i read paranoia and/or a failed raid controller
Rassah: Paying my mortgage off with bitcoin would be very stupid, because mortgage rate is 4%, and bitcoin rate is ThroughTheMoon%
Rassah: at $22, thinking "bubble." I was wrong on that, but my car had 250,000+ miles on it and was almost dead, so *shrug*. I have never sold out any of my other coins. As far as anyone knows, I have lost them all in a boating accident, or when I accidentally dropped my USB stick into an airplane toilet and flushed it out over the Atlantic
Rassah: I was an early adopter, I bought bicoin usin my OWN retirement funds (i.e. money slated to go to IRA and savings every week ended up going into Bitcoin). Then I borrowed some more money from our HELOC to buy a $30k BLF miner, I never preordered, waiting for them to ship, by February 2013 they still didn't ship, so I sold those bitcins, paid off the HELOC, and bought this http://imgur.com/ZGjrh4e instead. I bought at $8, and sold
ThickAsThieves: then you get your mesh
ThickAsThieves: let any device on the standard
Rassah: Mesh network wallet, whether it is made my us or someone else, will be very useful, especally in places where electricity and internet/cell phone is spotty or unreliable (most of the world?)
mircea_popescu: ThickAsThieves rassah is chiefly famous for having been an early adopter, then having bought bitcoin out of some sort of a retirement fund w/o the so's permission, right before the climb to 8 or something like that. then sold out and well, one of the first people to pay their mortgage "because bitcoin".
mircea_popescu: this is the sort of thing a megacorp a la sony can still botch.
mircea_popescu: this means millions of units shipped the same day, launch day.
mircea_popescu: <Rassah> yes, it will << to understand each other, we're talking millions of units in users hands before the 1st unit shipped becomes usable.
Rassah: but we think the idea is neat, chea, and worthwhile
ThickAsThieves: so he liked the idea, but not enough to fund it?
Rassah: He thinks if it won't make him a million ad get him a fancy sports car, it's not worth bothering with
Rassah: No, the owner who came up with the Bitcoincard idea, and started Mycelium for bitcoin stuff, is some super-rich Russian dude
ThickAsThieves: are you one of the angel-invested startups?
Rassah: For now the main product is the Android Wallet though. And that Entropy thing we're finishing up
Rassah: I beieve the idea is to get merchants to use a "terminal" or sorts to use our cards with, which will provide some of the mesh. Once the cards are done, we'll probably also sell solar powered radio repeaters, with no screens or walet, which should make those dirt cheap too. Then you just glue them to tops of things
Rassah: Keep in mind, this thing, before it's laminated, is as thin as a piece of paper. Battery included. (and all flexible, including the display). Not much room or power for bluetoth
Rassah: No. Possibly RFID to send signed transactions out of the device
mircea_popescu: no bluetooth with other devices around ?
mircea_popescu: Rassah so it's a half-implementation of bitcoin-qt, doing only the wallet part ?
Rassah: What's the UVP of what? Mycelium wallet?
Rassah: Bitcoincard started as a mesh network based idea for a text messaging device. Then the gy who was developing it found out that it's perfect for a bitcoin wallet, ad switched directions, forming Mycelium
ThickAsThieves: i recall them having a credit card gizmo with buttons on it
ThickAsThieves: they did a trippy promo vid too
ThickAsThieves: or that they are poor
assbot: Fact of the matter is, the infrastructure was not ready pe Trilema - Un blog de Mircea Popescu.
Rassah: Most of the people I'm connected with don't have time for it.
mircea_popescu: then you're not well connected.
mircea_popescu: had you spend the past year or w/e cultivating irc, instead of wasting time on forums/skype/etc, you'd be in the position of lolling at the notion of a fiat bank.
mircea_popescu: this simply shows you're not well connected, and so mcdonalds level services (ie, bare minimum) are the best you see yourself aspiring to.
assbot: Bitcoin Is Great, But It Won’t Fix Our Monkey Brains | The mlaut
princessnell: Rassah, this might help: http://theumlaut.com/2014/06/10/bitcoin-is-great-but-it-wont-fix-our-monkey-brains/
mircea_popescu: the large audited regulated body === government.
mircea_popescu: they're contradictory.
Rassah: ThickAsThieves: Trust in large regulated and audited body, supported by and in partnership with numerous banks > trust in some anonymous stranger on the internet
mircea_popescu: Rassah well, i linked you to the log. thing is, this right here is the hot core of btc. you will have to simply read the logs.
ThickAsThieves: rassah, you can't remove trust from the sytem, you can only move it to where you prefer
Rassah: Mircea, care to fill me in on other thins I've missed? The "we don't need distributed xchanges ay more" is surprising considering MtGox died just 6 months ago, and BTC-e is questionable
Rassah: From the way he described it, I think he only wants it to be a temporary stepping stone to make USD to BTC transition easer, and doesn't expect it to last very long
nubbins`: i like it when i tell people their artwork isn't big enough, and they just scale it up in photoshop
mircea_popescu: what happened to the "escrow" now ?
Rassah: There's is another difference. Bitstant desn't have the resources, or even interest, in getting their Bitstamp dollars used by other banks
ThickAsThieves: the only difference between realcoin and bitstampdollar is you dont have to use bitstamp to trade it, but you still need realcoin to render those dollars eventually
Rassah: According to Brock, initially trough his own bank/exchange, and hopefully eventually through whatever banks support his system. So maybe yours. Since banks make money by charging fees to transfer money around, it may be difficult to convince them to add a system that lets them transfer their own dollars for little to no fee though
ThickAsThieves: they gave you 6 chapters!?
Rassah: I'm assuming that cryptocurrency that exists on Mastercin is transfered with private key signatures, and is permanent and complete upon transfer, same as every other cryptocurrency. No chargebacks
mircea_popescu: doesn't mean he's excused from reading the 2011 logs.
mircea_popescu: the fact that B. Fucktard P. wasn't here in 2011, because he was too busy blowing 13year olds in back alleys
Rassah: Realcoin: you agree to a trade with a bicoin sellet. You create a ransaction that trades one of the other. The trade is signed and happens at the same time
Rassah: #bitcoin-otc: you send a promise of dollars, the seller escrows bitcoins. Dollars take time to get to the seller. Once they do, escrow releases coins to the buyer.
mircea_popescu: Rassah what do you mean "without the need for escrow" lol.
Rassah: A dollar that trades directly on the bitcoin blockchain, allowing for atomic exchanges between bicoin and dollar-value asset
mircea_popescu: Rassah the statement is typical of a desperate play for relevancy coming out of the sort of idiots that imagine claims matter.
ThickAsThieves: what does it really bring to the table?
ThickAsThieves: "Realcoin, therefore, represents an opportunity to speculate with fiat currency for the first time. If you have reason to believe its price will move for or against a digital currency on the market, now you can take advantage of that. "
Rassah: Woah. I haven't authenticated in over a year. Shows how often I visit IRC :p
Rassah: yes. I'm one of the 7 or so treasurers...
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user Rassah: Level 1: 0, Level 2: 0 via 0 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
mircea_popescu: that's prolly mostly the physical concept.
Xplosionist: mircea_popescu: Where did you get your numbers? I just did "6 per hour", which is of course only the theory, not the reality.
ThickAsThieves: well miners already paid for their shit
assbot: PAX East 2011 Triple Threat: The Origin of Dudebro - YouTube
pankkake: this matches the people I know - and not only electricity
assbot: Vagina selfie for 3D printers lands Japanese artist in trouble | World news | theguardian.com
kakobrekla: http://www.theguardian.com/world/2014/jul/15/vagina-selfie-for-3d-printers-lands-japanese-artist-in-trouble
assbot: EHX Reggie Watts explores the new 45000 multi-track looping recorder - YouTube
bitcoinpete: they're saying 673
nubbins`: ah, google has added btc to their currency converter
nubbins`: take a well-kempt person in one, and sure. looks fine. but then, most things do
bitcoinpete: the slob angle is a point
bitcoinpete: men love the airy pits
nubbins`: they're pretty greasy
mircea_popescu: maybe if they have small boobs and ugly tattoos
mircea_popescu: they do ?!
nubbins`: mp, they're so comfy ;(
mircea_popescu: what exactly is the point of tshirts aside from easy access to tits ?
mircea_popescu: bitstein reading the log pays huh
bitstein: mircea_popescu: I found you extending the highest praise to me and my crew just days before I joined #b-a: http://log.bitcoin-assets.com/?date=26-04-2014#644307
assbot: imgur: the simple image sharer
bitcoinpete: brazil is having all the funz this summer
fluffypony: that's the idea ;)
bitcoinpete: fluffypony: get them to use bitcoin ;)
bitcoinpete: "BRICS -- are due to approve the creation of a new currency reserve fund and development bank at their summit in Brazil, which starts today."
assbot: The Rich Are Even Richer - Bloomberg View
bitstein: started the homestretch of school yesterday