davout: hm, that's the opposite of what all exchanges do when it comes to quote fiat vs btc
ThickAsThieves: like every other exchange
davout: ThickAsThieves: they price it the same way they price USD relative to BTC, how would you do it ?
ThickAsThieves: I think they dont 'get it'
ThickAsThieves: the issue was i was really asking in the interest of gold, so i wasnt quite seeing how thered be lack of speculative demand
ThickAsThieves: the rest, meh
mircea_popescu: The firm, which describes itself as an international digital wallet that allows you to securely buy, use, and accept bitcoin currency, is going from strength to strength, with an estimated 600,000 people now using its wallet service, up from 200,000 in August.
mircea_popescu: Coinbase has managed to secure $25m in series B funding led by Silicon Valley-based venture capital firm Andreessen Horowitz. This brings the total amount raised by the company to $31.9m.
gribble: The operation succeeded.
ThickAsThieves: heh, one of the exchanges finally added Altcoin to it's voting area https://hitbtc.com/vote
rithm: for the glory!
fluffypony: all of the holes!
davout: rithm: real men do it in the vagina
mircea_popescu: fluffypony: frikkin lame pankkake: it's the altpotatoasalad << it is. and it IS fucking lame omfg.
davout: i fucking love ruby : "CAUTION: Use of this library is discouraged, because this implementation was meant to be experimental but somehow got into the 1.9 series without being noticed. Please use OpenSSL::HMAC in the “openssl” library instead."
mircea_popescu: and overloaded functions come without saying. they're called nigger functions
mircea_popescu: the language consists of moans
mircea_popescu: someone should make cocksucker (abbreviated C*). the logo is a woman with a penis in mouth.
davout: pankkake: no that's the peñor size comparator
pankkake: not the first time I see that definition
fluffypony: someone just gave the best definition of mongodb
ThickAsThieves: mike_c awesome, thx - now to find someone to update the wallet...
mircea_popescu: fluffypony just processing the potato sald link
mircea_popescu: fluffypony look at that shit. they make 4k a year now. houses are supposedly selling for 8 month's median wage in ohio.
mircea_popescu: "For what it's worth, the median annual wage in Ohio is $46,093."
davout: no, i mean to me it's the only thing that to date remains unsolved, yet there isn't really much discussion about it
pankkake: this will make the "low fees" crowd head spin
mircea_popescu: i think people don't quite correctly evaluate the cost of running a node yet.
mircea_popescu: this may become a fucking issue, incidentally. the guy gets paid 6 cents for everyone else to have to permanently store 1mb
mircea_popescu: no plural. THE virtual currency. no past tense. IS challenging sovereignity of states. not some either, all of them. and has been, for a fucking while.
mircea_popescu: two fucking years late. like the last n times.
gribble: The operation succeeded.
mircea_popescu: ;;later tell mike_c the "Only send Bitcoin" type warnings should prolly have a red triangle rather than the current gray thing
pankkake: and I can't take out of my mind that ISIS is the spy agency of Archer
mircea_popescu: actually the internet's fucking cursed to be funny. for instance : http://imgur.com/a/Nx8EU
mircea_popescu: flag burning belljeans wearing potheads!
mircea_popescu: what, google seditiously halping the enemy is funny ?
ThickAsThieves: it's funny either way is what i'm saying
mircea_popescu: dude come on, it's the internet. all of it is fake.
mircea_popescu: wait. you mean it's funny proceeding on the theory that it is ACTUALLY what it says ?
ThickAsThieves: then it's funy that google is helping ISIS CSS look nice
ThickAsThieves: well first it's funny for conspiracy theorist reasons
ThickAsThieves: i decided it a bad idea, aside from security, it's a managed services box, so i'll just end up closing the account in December anyway
benkay: <fluffypony> the software won't interfere with that // running cryptocurrency stuff on client boxes?
ThickAsThieves: lists all the bitcoin biz that got funding
fluffypony: all it does is check that the peers its connected to are legit and active, and then it updates the A record
fluffypony: the software won't interfere with that
ThickAsThieves: til end of the year
ThickAsThieves: i have another server i totall control, but it has clients on it
pankkake: Host seeds.therealaltcoin.org not found: 2(SERVFAIL)
pankkake: Host seeds.therealaltcoin.org not found: 2(SERVFAIL)
pankkake: seeds.therealaltcoin.org has address 54.197.241.190
pankkake: I like that everbody has their drink
gribble: The operation succeeded.
ThickAsThieves: ;;later tell mike_c - Is seeds.therealaltcoin.org behaving as desired now?
fluffypony: kickstarted is the new bitcointalk securities sub-forum.
pankkake: it's the altpotatoasalad
punkman: dozens of "I want to find the perfect recipe for X" projects
fluffypony: 'Tech investors are stunned by the amount of cash that has flooded into Brown's project. "This is no flavor of the month type scheme – I'm long on potatoes and you should be as well," one financial industry source didn't tell us.'
assbot: Wannabe Startup CEOs Hate This Guy: One Easy Way To Raise $45,000+ You Won't Believe The Register
fluffypony: hah hah, great article: http://www.theregister.co.uk/2014/07/07/kickstarter_wtf/
davout: i don't really know, some stuff matches with bitcoinbourse, some other stuff not, first of all they said the website was put offline, and bitcoinbourse seems to be up
davout: hehe, i was wondering yesterday whether it was dotcoin or not
atcbot: [CoinMiner Hashrate]: 0.02 TH/s [PityThePool Hashrate]: 3906.32 GH/s
kyuupichan: A spam block if ever there was one. Wonder if it's some agency trying to link addresses.
bitcoinpete: maybe the miner sent it
kyuupichan: That block had at least 3 of them. 974KB block! Largest I've seen I think. Wonder why stupid miner decided to include that.
benkay: the thing ms saffron did for taleb
mircea_popescu: bp is going to be the pimpiest pimp in BA.
bitcoinpete: i'll pass along the invite and get some calendars cleared
bitcoinpete: the blondies were classmates
bitcoinpete: ;;google the hawt sisters
mircea_popescu: bitcoinpete what, confidence is not something you can gift people lol. they gotta do shit.
bitcoinpete: at least one of them knows who you are
mircea_popescu: bitcoinpete but anyway, the ACTUAL questions of import is, omgwtfbbq, who are the hot bods you take pics with.
bitcoinpete: they who pump tires hardest win
mircea_popescu: "sorry ma'am, your kid doesn't know how to dance and masturbate for the webcam
bitcoinpete: it's all on the parents
bitcoinpete: when there's limited spots, it's a highest bidder sort of affair
mircea_popescu: <benkay> what the fuck are these expiring backups, goatfuckers? << this has always been a thing with bitcoin.
mircea_popescu: preschool admission ?! what the fuck is that ?
benkay: list is 575 but i gotta strongarm some bitches into hiring other bitches to clean the kitchen
bitcoinpete: lol how much you payin? that's the question on everyone's cost conscious mind
gribble: The operation succeeded.
gribble: The operation succeeded.
mircea_popescu: ;;later tell sexysaffron hey, when's the last time you got 2k retweets ?
benkay: surely there've been more.
TheNewDeal: so I'm most familiar with BIP38. Are there any others that yous would recommend refreshing up on ?
decimation: mircea: I assume from your quotes you are reading Solzhenitsyn's "In the First Circle". My favorite chapter is Stalin's interiot monologue.
mircea_popescu: The question I am asked most frequently at my lectures is why I havent been killed yet. I have two answers. First, is it is not cost-effective, and the response would cause more problems than it would solve. I am not important enough to kill. Secondly, I will not die one minute before God has decided.
mircea_popescu: On the subject of his own death, Ruppert said:
mircea_popescu: single self-inflicted gunshot wound to the head
justusranvier: mircea_popescu: True. They always do
mircea_popescu: well yeah. they'll claim it anyway.
justusranvier: Now when they end up getting Cyprused, this current batch of newbies won't be able to claim they weren't warned.
ThickAsThieves: they use it to trade i guess?
ThickAsThieves: they have like a $50k/day limit and charge 1%
justusranvier: Too many newbies are getting sucked into using them with all the good press they've been getting recently
justusranvier: But at least you could get reliable service out of them (for certain definitions of "reliable")
justusranvier: Of course they were
BingoBoingo: What the fuck, 28 BTC and no guarentee it works? https://www.bitpremier.com/7-collectibles/545-apple-ii-plus-back-in-1979-yes-for-sale
mircea_popescu: the white one has better cleavage. case closed.
assbot: Two women from different parts of the world, showing allegiance with a gun, flag and holy book (via /saliltripathi) http://t.co/NgjUOhcEOz
mircea_popescu: who could have ever imagined that the earth is complex!
mircea_popescu: this has been the 2nd major flood since 2006.
assbot: The Iguaz Falls overflow in flood of biblical proportions
mircea_popescu: meanwhile, there they are : http://sploid.gizmodo.com/iguazu-falls-overflow-after-flood-of-biblical-proportio-1589458518
assbot: The scariest fucking thing I've ever read
mircea_popescu: http://www.dailykos.com/story/2006/07/31/232247/-The-scariest-fucking-thing-I-ve-ever-read
mircea_popescu: in other news, here's a 2006 kos article derping about how the iquazu falls are going dry :
mircea_popescu: talk to you later this week for moar of these.
asciilifeform: there.
asciilifeform: for bonus points, dredge up mircea_popescu's essay on the subject.
assbot: NSA man says agency can track you through POWER LINES The Register
asciilifeform: http://www.theregister.co.uk/2014/07/03/tinfoil_hatters_spook_says_nsa_can_track_whistleblowers_through_power_lines
BingoBoingo: asciilifeform: You are mixing up saffron with this plentyful weed full of drug precursor. Saffron is jsut hard to find because of the Iran embargo and... US hates nice things
mircea_popescu: asciilifeform well, bankrupt socialist states kinda have to come up with reasons to ban the sour grapes they can't afford.
mike_c: 1 year seems to be the tipping point, so he's got two months to go.
assbot: Sassafras - Wikipedia, the free encyclopedia
xdotcommer: I thought the two were related.. but it seems just similar spelling
xdotcommer: In the United States, safrole is currently a List I chemical.
mircea_popescu: the time is not at an end.
kakobrekla: if you would have came for a visit i could have shown you the difference.
kakobrekla: im not the expert in measuring
kakobrekla: you smell it, you check under the light and you taste it
kakobrekla: in egypt you can get 100grams for the price of 1gram here
kakobrekla: yet they still need to import
kakobrekla: does not come even near the price of a good shit
kakobrekla: getting the pistils out is also not an easy job
kakobrekla: and dig up the ummm what you call em
kakobrekla: gotta pull the flowers to be later processed
mircea_popescu: how's the harvest go ? you on hands and knees with a qtip ?
BingoBoingo: Grams of supermarket saffron are going to be more expensive than the equivalent in gold, but kilos are cheaper
BingoBoingo: sexysaffron: Well it depends on the volume with saffron, but gold really doesn't give you discounts for buying more than a little.
kakobrekla: its a fuckin pain to make. especially the harvest.
sexysaffron: http://therealsasha.wordpress.com/2013/05/03/what-costs-more-than-gold-in-the-local-supermarket/
mircea_popescu: sexysaffron not quite, there's ~30 ounces in a kg.
kakobrekla: the shit is poisonous too.
kakobrekla: (the good stuff)
mircea_popescu: so delete them and standby, i'll give you a youtube link in a few mins.
mircea_popescu: ok, that tweet is no good because a) it's two tweets and b) it's a weird dropbox link which the guy is not gonna open.
BingoBoingo: mircea_popescu: The Gavin messing with tx fees article someone dropped a while back
BingoBoingo: "As well, the new code enables transaction senders to configure how much priority they want their transaction to receive. In some cases, users may opt to have as many as six blocks pass before the first confirmation is received." << How the fuck does Gavin deign to tell the miners what to do?
mircea_popescu: you ok there ?
mircea_popescu: anyway. the renminbi was a stupid name anyway, i doubt they seriously intended for it to survive
ThickAsThieves: or youre saying the effects of this fuckery are already priced in
mircea_popescu: o look, it's the sexy geekgirl.
ThickAsThieves: they did this with gold right?
mircea_popescu: because it's the only thing that lasts.
mircea_popescu: listen scarlet, copper is the only thing to fuck
ThickAsThieves: but the fuck is the funds and shit, not the metal, the fuck is the fucktards that fucked up
mircea_popescu: and thus they wil be cheaper again
mircea_popescu: they wil be more expensive.
mircea_popescu: if tomorrow they are in the same demand for fucking with, but also in demand to make chef's salad,
mircea_popescu: currently these fucks are only in demand for fucking with.
ThickAsThieves: they sold shit that didnt exist
ThickAsThieves: well the demand exceeded supply
ThickAsThieves: isnt people doublespending it rather bullish?
mircea_popescu: ThickAsThieves if panic grips the fx market and it unwinds, and if doubts as to value of metal as collateral unwinds metal pledged as colateral in stocks
kakobrekla: its not 20 of them
ThickAsThieves: help me understand something plz - if china doublespent or sold metals it didnt have, how is that bearish on the price of metals?
mircea_popescu: kakobrekla 16 on each side, 6 tall, 20 of them
assbot: QINGDAO SITUATION AND THE COPPER MARKET OUTLOOKQINGDAO SITUATION LIKELY TO CONTINUE ONGOING CCFD UNWIND
assbot: The Skeptics | Satoshi Nakamoto Institute
bitstein: Just got this up: http://nakamotoinstitute.org/the-skeptics/
mircea_popescu: ThickAsThieves what diff does it make what the price is ?
mircea_popescu: so apparently the only way to get a toothbrush that has bristles instead of random plastic chunks is to buy brazil made stuff.
ThickAsThieves: mike_c was complaining about the price, what do you guys think it should be
ThickAsThieves: if it grows up, we did it for the i-told-you-sos
mircea_popescu: kako's had bad experiences with female orgasm in the past
ThickAsThieves: well if it blows up, we did it for the lulz!
ThickAsThieves: <+mircea_popescu> so mr ThickAsThieves, how does it feel to have created the actual lulzaltcoin that works ? /// Usually just feel guilty it's not getting more attention
mircea_popescu: so mr ThickAsThieves, how does it feel to have created the actual lulzaltcoin that works ?
ThickAsThieves: "Andresen cited needless complexities within bitcoin’s transaction fee code as the reason for the update. "
mircea_popescu: "In February, he saw a fundraiser called Cancer for College would get Will Ferrell to shout out anybody who donated $1,500. Green said he didn't realize he was typing in British pounds, rather than dollars, and so he accidentally gave $2,466 of his own money. To date, just over 2,500 people have viewed the nine-second video of Ferrell somberly thanking r/dogecoin."
mircea_popescu: "Like before, Greene appeared to" / "Green got more than just customers" can't even get the name right. what research and shit.
mircea_popescu: "What the commentators didn't mentionbecause hardly anyone noticedis that buying that NASCAR sponsorship wasn't really a team effort. Rather, it was disproportionately the work of one man, Alex Green, founder and director of Moolah, the preeminent company that exchanges dogecoins for other kinds of currency."
asciilifeform: there's always some idiot with 'initiative'
mircea_popescu: mexican standoff. the usg doesn't mind idiot eu bureaucrats fucking themselves over, but otherwise, it won't really shoot first.
asciilifeform: or - for added realism - it'll be the 200k btc dpr is coughing up on the impaler machine, rather than derper's coin.
mircea_popescu: once 10%ish is reached the system collapses, it's not possible to cross over 50% in any case.
mircea_popescu: anyway, the zh article is nonsensical, in that in no functional economy can 90% of guarantors crack. it's simply not possible, like a cancer that takes over 90% of a body's cells.
mircea_popescu: "this could be the last zerohedge article"
chetty: <mircea_popescu> chetty zerohedge's entire business model is "this could be the last straw" lol// doom sells
mircea_popescu: chetty zerohedge's entire business model is "this could be the last straw" lol
mircea_popescu: <fluffypony> nubbins`: they are good shirts - thank you! << he does make pretty kickass shirt that's for sure.
asciilifeform: (nothing interesting there in life. it was a site in an old sf story, about more or less this)
mircea_popescu: perhaps because "the real fun starts" means things like "rape a US agent, post the film, get 100 BTC"
asciilifeform: chetty: wait for the false-flag attack 'finance with bitcoin!111!'
mircea_popescu: fluffypony did the islandese people get rescued by max scamkeiser yet ?
mircea_popescu: "which is to include a) a plain statement of the SECs lack of jurisdiction with regards to Bitcoin, thus alligning itself with the position of the US FED and the US GAO ;"
assbot: Attempt to Tie Bitcoin to ISIS is Proof the Establishment is Scared to Death | Liberty Blitzkrieg
chetty: http://libertyblitzkrieg.com/2014/07/07/attempt-to-tie-bitcoin-to-isis-is-proof-the-establishment-is-scared-to-death/
mircea_popescu: <mike_c> there are fiverr people who specialize in shit like this. you could easily pay $5 for 5k retweets. << this being obviously the only way ver gets 16k rts.
gribble: The operation succeeded.
mircea_popescu: ;;later tell bitcoinpete im not sure of the reasoning on the "if guilty he's a hero". seems to me the guy's fucktarded either way, but hey.
davout: "bet resolves to yes if the product of bets that have resolved to no before the bitbet mod is aged three times the day of month the bet has been accepted..."
davout: bitbet mod comment: "disregard this, bet resolves to yes if netherlands wins wc"
davout: mircea_popescu: "the market can't stay irrational longer than i have patience." <<< lol, make a bitbet
mircea_popescu: yep. like catfish, it can try, which is what makes the sport fun.
mircea_popescu: the market can't stay irrational longer than i have patience.
mircea_popescu: but yes, otherwise, what she said.
mike_c: i feel like we are back in a zone where BTC price is below its current value. i thought the auction might pop the inertia bubble on the price.
gribble: The operation succeeded.
chetty: <mircea_popescu> all iron orange juicer ? 20 bux. 11lbs of oranges ? 2 bux.// the mystery is that people around here still drink tang and stuff
mircea_popescu: <indiancandy1> no i didnt expect you to be carribean you could have been nigerian but << davout's the nigerian. and we got some somalis.
gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user Zoop_: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=Zoop_ | WoT data: http://b-otc.com/vrd?nick=Zoop_ | Rated since: never
mircea_popescu: who's got all the fresh squeezed orange juice he could ever drink ?
asciilifeform: ^ apparently a common event there.
asciilifeform: if china gov. doesn't answer with a thousand dead uighurs, perhaps the rulers have already lost, to use their traditional term, 'mandate of heaven.'
assbot: "This Could Be The Last Straw" 90% Of China Loan Guarantors Bankrupt | Zero Hedge
asciilifeform: bitcoinpete: irdial << it's the numbers stations fellow!