mircea_popescu: pankkake yeah because of this meta- and pretense bs. they can't make a whore party, they gotta make a pretend-whore sorta-like party except stupid.
mircea_popescu: fluffypony no argument, yeah. but, you basically committed to the thing ? or what's the plan there ?
fluffypony: benkay: all that's missing is the "EVER"!
mircea_popescu: mod6 o look at that. porsche just rang my doorbell. they're the most professional carmaker, cold calling door to door.
mircea_popescu: dudes just email me now asking for shit. because why the fuck not.
mircea_popescu: I would like to offer you to sponsor a big International conference produced by Mediabistro on July 28-29 at the Hilton Tel-Aviv hotel. The event will attract between 500 to 1500 attendees from all over the world and is the biggest and most professional in its field. If you can refer me to the right person so i can send him all the details it would be great!
gribble: The operation succeeded.
mircea_popescu: we can tell the dragons from the pretentious bats quite readily, because of such small little barbs on yggdrasil.
mircea_popescu: which is why things such as got milk are so motherfucking important
mircea_popescu: in other news, i've been around long enough to know him as namjies. which is what your noob'd know him as too, if he actually HAD been around for as long as he claims.
fluffypony: Namworld's reply to them was "I mean among so many outright scams to choose for, that you mention me being late on repayment on loan repayment based on a single post in the middle of a thread."
fluffypony: mircea_popescu: they were trying to be clever and demonstrate their knowledge of the sub-culture because they're "been around" for so long
mircea_popescu: i dun think the guy's scamming anyone.
ozbot: A complete theory of economics pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2014/a-complete-theory-of-economics/#comment-99655 << here's a good bit of history re namworld, which got dug up by a different convo recently.
mike_c: sorta. they released their quarterly report to shareholders only and some guy republished it
fluffypony: mircea_popescu: the guys that said they'd been around for so long they even knew about Namworld's scammingz
mircea_popescu: <mike_c> i don't keep up much on havelol, just found out they've been running in the red the last few months! << did they publish this ?
benkay: just the place other people pay the mortgage on </ you know i'm more than happy to help with the payments if i can stick my girl in it.
mircea_popescu: fluffypony> "@fluffypony: When you have been here long enough you do learn that << who's the clueless fuckwit ?
mircea_popescu: http://www.theatlantic.com/business/archive/2014/05/report-journalists-are-miserable-over-educated-under-paid-middle-aged-men-mostly/361891/
mircea_popescu: <asciilifeform> there is no 'cloud.' only - other people's hard disks. << you have to appreciate the infantile worldview. there is no "my house" as far as teenagers go, just the place other people pay the mortgage on. nevertheless...
davout: maybe kakobrekla fixed the wrong API
mike_c: davout: dunno what the bug was, but they were reporting a btc price 1000x too high and it hosed bitcoinaverage.com
mircea_popescu: Mircea Popescu You know, plenty of corpses have been keeping very strict diets, doesn't seem to have improved their health.
mircea_popescu: Scott Skyrm If 5 years of near 0% interest rates isn't sufficiently helping the housing market, then maybe the problem lies elsewhere
mircea_popescu: by the way, the last bond auction was a slaughter. yield ended up 3.44% (up from issuance), and the dealers kinda smelled of panic.
mircea_popescu: <Apocalyptic> <LadyRainicorn> And everything insightful I write lingers with like 5 upvotes. << truely summed up. especially the part where some random self-absorbed nobody is whining about how the world isn't more impressed with them
mircea_popescu: "Bitstamps accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00." ahahaha
mod6 pulls out the abacus
mod6: ok merged, but will leave in the incubator until there is at least 1 trade so can ensure that I didn't break normal functionallity.
mod6: ok i'll merge that in then Apocalyptic thanks
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user princessnell: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=princessnell | WoT data: http://b-otc.com/vrd?nick=princessnell | Rated since: never
Apocalyptic: the market is just dead
gribble: (last [--{from,in,on,with,without,regexp} <value>] [--nolimit]) -- Returns the last message matching the given criteria. --from requires a nick from whom the message came; --in requires a channel the message was sent to; --on requires a network the message was sent on; --with requires some string that had to be in the message; --regexp requires a regular expression the message (1 more message)
gribble: (last [--{from,in,on,with,without,regexp} <value>] [--nolimit]) -- Returns the last message matching the given criteria. --from requires a nick from whom the message came; --in requires a channel the message was sent to; --on requires a network the message was sent on; --with requires some string that had to be in the message; --regexp requires a regular expression the message (1 more message)
thestringpuller: you are the new Bugpowder
thestringpuller: mike_c: what's the action
fluffypony: the spread's only 9,950.000 EUR
mike_c: maybe scandanavians just really like btc. it's the new china.
fluffypony: I think they're trying to switch to bits or something equally stupid
fluffypony: they are borked: http://www.cryptocoincharts.info/orderbook.php?pair=btc-eur&market=justcoin
fluffypony: only the Europeans are lucky on JustCoin
kakobrekla: artifexd you know you can parse all the bets in json yourself
mike_c: for the record, https://justcoin.com/ is responsible for the retarded BTC price on bitcoinaverage
artifexd: Speaking of bitbet, is there a way to get search results in json?
gribble: The operation succeeded.
mike_c: i don't keep up much on havelol, just found out they've been running in the red the last few months!
thestringpuller: benkay, i roll my j tight, i know what they like
fluffypony: "@fluffypony: When you have been here long enough you do learn that not many people with long experience in bitcoin care about WoT and most people who do turn out to be scammers are very happy to be part of Wot. Biggest scammers usually have been here for very long time planning and making trust from others."
benkay: who cares how the herps derp
BingoBoingo: asciilifeform: That is the worst
benkay: its weight and stiffness are rather impressive.
BingoBoingo chose telephone poles as the structural elements
BingoBoingo remembers designing and building an actual bridge as a sort of final project in the Boy Scouts
TomServo: I had a former employer that was/is trying to enter the 'cloud backup' market. With a single DC and SAN... I think he missed the point.
benkay: sometimes renting other people's hard disks is fine and cloud is shorthand for virtual butts argh do argh you pedantic dinosaurs argh
Apocalyptic: the clould always sounded to me like first class BS
BingoBoingo: Well. I make the occasional wharf
BingoBoingo: benkay: Sure, at the right time and place Orchiectomy can be a valuable lifesaving procedure, but it is something the sane would never undergo electively.
BingoBoingo: Eh, the cloud, CDN's, et all can burn in hell
benkay: fluffypony: aliyun? my dreams of bringing the cloud to asia have been crushed.
BingoBoingo: benkay: Maybe it's a regional thing. Or these damned pills.
benkay: <BingoBoingo> benkay: Using the word broad is how we know you like them older << no that's how i describe the older ones
Apocalyptic: <LadyRainicorn> It is strange how pretty much the only thing that gets upvoted is asinine jokes.
BingoBoingo: fluffypony: I'll let you experience it. This is just the beginning for you.
BingoBoingo: The thing about -assets is that eventually the irregularity and unpredictability of when interesting things happens messes with everyone's sleep cycle
fluffypony: assbot: hah hah - he tailgated into the Whitehouse?
asciilifeform: from the loltron:
kakobrekla: bitstamp fixed their scam by not fixing it; https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/
mircea_popescu: "Millions will be encouraged to dump Monsanto stock this coming Friday, May 9th, to give a clear message to the biotech industry that we dont support them at all."
jurov: of the invested amount over two to five year terms.
jurov: basis. GRC enters into Royalty Contracts from the Mobile Gaming
HeySteve: seems they've gone paranoid
HeySteve: yeah, apparently they're studying virtual reality and other innocuous things for terrism too
fluffypony: HeySteve: the blog post is from yesterday though
HeySteve: Munger said that ages ago though, it's from the same session where Gates called it a "technological tour de force"
mircea_popescu: the writer must be reading bottled farts.
mircea_popescu: eh, the guy made headlines plenty of time, and i don't recall that bs
mircea_popescu: a hey. dja know the author ?
mircea_popescu: guess who's the rat.
fluffypony: "In any event, Munger called Bitcoin “rat poison” (watch the interview here) and I found his choice of words quite telling. After all, rat poison is used to eliminate dangerous and unsanitary pests, namely rodents. So if Bitcoin is “rat poison,” who are the rats? I’d say the financial system itself. So if Bitcoin is the poison to eliminate the hopelessly corrupt and parasitic financial system I have to agree with Munger. Bitcoin is inde
ozbot: As Wall Street Looks to Copy Bitcoin, The Department of Defense Studies it as a âTerrorist Threatâ
fluffypony: http://libertyblitzkrieg.com/2014/05/07/as-wall-street-looks-to-copy-bitcoin-the-department-of-defense-studies-it-as-a-terrorist-threat/
mircea_popescu: shoulda put a reference in there.
fluffypony: "So the 5000+ BTC we crowdfunded to make a chip - turns out it wasn't enough to make a chip. Just enough to pay a nice salary for Ken and all his family for a few years. I'll be dumping my shares at whatever price I can get. Time to move on."
fluffypony: how much did they raise for that? 5k BTC?
fluffypony: well, then.
fluffypony: "Right after we made the the deal with eASIC, hashfast and cointerra came out with their 400 and 500 GH/s chips, after having eASIC run our RTL on their platform and for the minimum number of chips we had to purchase, we did not have enough pre-orders to cover the purchase due to hashfast and cointerra selling 17 Million in machines."
mircea_popescu: but he who holds the field makes the rules, irrespective of which way the sheep baaa
Naphex: mircea_popescu: until then guys still want too impress girls with moneyz ;]
mircea_popescu: obviously if they wait to submit for that point they will also be taxed, for their stupidity, but hey. fair is fair, suck the cock early on, enthusiastically, or else be bloodied by it later.
mircea_popescu: when any company wishing to transact discovers that any single attgempt to use a fiat system results in a failed transaction and a mountain of paperwork, whereas their competitors are getting through just fine via bitcoin, nothing is optional anymore.
bounce: the abuse of terminology still grates.
mircea_popescu: then gl arguing about the "hackers" "threatening" "bitcoin" when no fiat bank can do anything since last year.
mircea_popescu: and i wouldn't worry too much for the entire haxxorz bullshit. we're pretty much in place by now, if it ever becomes pol;itically expedient or economically productive to do so, the entire obsolete fiat industry can be fully interdicted with little cost and little effort.
bounce: and there's the usual "h4xx0rz" mention. thanks so much to the hatted security gangs for that bit of damage.
bounce: oh I dunno. scanned it and didn't see much of anything except all the well-known things they don't like summed up. now I read the whole thing and indeed, little substance. though I suppose that there's still plenty people out there that haven't put the should-be-obvious things together.
mircea_popescu: bounce but srsly, what don't you like about the sec release ?
mircea_popescu: obviously they're making it just enough of a not-priority so as to miss out, that's part and parcel of how governments work.
bounce: how many years then?
bounce: where "working on it" means "stored it on the bottom of a drawer in a disused cabinet"
mircea_popescu: GEORGE: Well, it always has to be explained to me, and then I have to have someone explain the explanation....
mircea_popescu: JERRY: Theres nothing to get.
fluffypony: Naphex: because with the flood of new TLDs Google apparently cares about your tld
mircea_popescu: bounce oh, her. that's too soon really, they're still working on having what i said translated.
bounce: the sec one wanting whateveritwas from mpex
mircea_popescu: also it makes sense to limit investment to rich people. because poor people are stupid, and their stupidity hurts the market, not just themselves.
bounce: (re sec thingy on investor.gov) -- relatedly, why would you require investors to be "accredited" other than as an old boys network protectionist measure?
bounce: hard to see how this news release is much beyond fud. apparently the girl "investigating", didn't do much of the sort.
Apocalyptic: <mircea_popescu> this is fucking weird, are we being attacked ? // it's the aliens
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user gribble: Level 1: 1, Level 2: 1 via 3 connections. Graph: http://b-otc.com/stg?source=assbot&dest=gribble | WoT data: http://b-otc.com/vrd?nick=gribble | Rated since: Fri Nov 12 04:57:21 2010
mircea_popescu: all the things i passed on.
mircea_popescu: "This INITIAL PUBLIC OFFERING AGREEMENT (the "Agreement") is made and entered into as of August 14, 2012, by and among Bitpantry, an unregistered corporation ; Ryan "aethero" Schreiber (GPG fingerprint 305C FB53 7F95 EB20 34A2 E72F 6B5A 5086 B24E D539), an individual ; Stormy "lucidlepidoptera" Schreiber (bitcoin address 1J96JXdfY3CYKeqiDASgnaKjLqumfqfSdG), an individual and MPEx"
fluffypony: mircea_popescu:fluffypony so opened on feb 8th at 0.025, peaked at .1, then piefaced towards 0.015ish. is it dead ? <- that's what happens when an altcoin gets put on a large exchange - all the pump-and-dumpers go ballistic, and there ends up being a huge correction. happens every. single. time.
fluffypony: mircea_popescu:lol look at fluffypony killing it with teh scamcoin <- did you see the tête-à-tête I had with some podcast guy in a different thread? classic: http://www.reddit.com/r/vertcoin/comments/24vgj3/press_release_crowdfunder_please_join_in_and_some/chbac1r
fluffypony: modern teknologies: http://op-co.de/blog/posts/hacking_the_nx300/
fluffypony: let's play a new game called "There's an Alibaba for that!"
gribble: The operation succeeded.
benkay: <mircea_popescu> now look what benkay did : https://twitter.com/Artzicarol/status/464063334015197186/photo/1/large << can't say as i've seen the broad
gribble: The operation succeeded.
mircea_popescu: i'm an elitist because i've had the good chance to observe first hand what works and what doesn't and how and why.
decimation: you know the funny thing is that the USSR had much official propaganda w.r.t. egalitarianism
decimation: He loses the sense of superiority over those around him."
decimation: the people around him also have nice cars and pools. He
decimation: own swimming pool, the traitor suddenly realizes that all
decimation: they have a strange batman obsession apparently
asciilifeform: some will believe it, some won't, if the man is inclined to 'herodotus' the facts, he very well might succumb to temptation.
asciilifeform: this was specified in the book, if i recall
asciilifeform: (in the original books, the condemned was pulled out of the fire in the last moment, because an 'honourable' coffin came in, and took precedence. after which, the ceremony resumed.)
mircea_popescu: it's probably the more accurate.
mircea_popescu: asciilifeform consider the more apocalyptic scenario : there's no secret currently kept by the nsa that we don't already know.
asciilifeform: a hypothetical retirement of nsa would be interesting, supposing the americans have built a tank in which to breed folks who can actually keep secrets - like fish
mircea_popescu: (if anyone's wondering who ron isler is, btw, http://www.topdog08.com/2005/09/who_the_hell_is.html )
asciilifeform: they let him out. after a while.
decimation: Re: price of gold adjustment during the FDR-era: http://books.google.com/books?id=53zTrfaIqSEC&pg=PA322 "we were thinking an increase of 19 to 22 cents. Roosevelt took one look at me and suggested a rise of 21 cents. "It's a lucky number," the President said with a laugh, "because it's three times seven"
asciilifeform: they've had a museum for ages
mircea_popescu: that's ok, they'll prolly do it for free.
decimation: mircea, the NSA is searching for a private citizen to donate to their new museum: Imagine how much it would cost to get your picture in the lobby? http://www.cryptologicfoundation.org/content/New-Museum-Project/
mircea_popescu: <decimation> the bigger story is that 37% of fed retirment money is invested in a "fund" that has returned %0.82 year-to-date. << and then we cuss out people for "investing" in glbse&co
asciilifeform: familiar with the background, however.
decimation: have you read The First Circle ascii?
asciilifeform: most of the people involved, sadly, can only be redeemed as... biodiesel.
decimation: I guess if they won't work as free employees they can always "have problems" and then work as zeks
decimation: the bigger story is that 37% of fed retirment money is invested in a "fund" that has returned %0.82 year-to-date.
decimation: "The G Fund holds approximately 37 percent of all TSP balances held by the 4.6 million TSP participants. As most readers know, the TSP is similar to a 401(k) retirement fund for about 4.6 million current and former government employees and uniformed service members. To make up for the deficit spending by the government, the Treasury has ?suspended reinvestment? or taken assets out of the G Fund to pay for other expenses."
decimation: http://www.fedsmith.com/2014/02/05/borrowing-from-the-g-fund-again-to-offset-the-debt-ceiling/
mircea_popescu: at the 1.69 rate it wouldn'
mircea_popescu: decimation no, at the time, it paid people overseas (and select foreign governments)
decimation: USG pays its employees in its own scrip, and they think it's a great deal
mircea_popescu: meanwhile the same government paid its own employees a full 100%
mircea_popescu: "Plaintiff seeks to make his case solely upon the theory that, by reason of the change in the weight of the dollar he is entitled to $1.69 in the present currency for every dollar promised by the bond, regardless of any actual loss he has suffered with respect to any transaction in which his dollars may be used. We think that position is untenable."
mircea_popescu: see the story of mr perry.
ozbot: The endless story of Korea. pe Trilema - Un blog de Mircea Popescu.
decimation: well, the roth deal is that you pay tax up front, on the promise that you never pay tax again...
asciilifeform: i won't be the least bit surprised when 401k, etc. confiscation is instituted for emigres
ozbot: 401(k) - Wikipedia, the free encyclopedia
decimation: http://en.wikipedia.org/wiki/401%28k%29 " If the less compensated employees save more for retirement, then the HCEs are allowed to save more for retirement. "
decimation: the IRS "safe harbor" rule is that as long as you "pay" your janitor 3% in his 401k, you can offer any amount you wish to anyone else in your company
mircea_popescu: wouldn't those have been great if the farmers didn't have to pour 100% of the milk poured,
asciilifeform: typically, this comes with a caveat, that the matched $ is yours only after x years of faithful servitude
mircea_popescu: always made me think of the 1930s milk pouring exercises
decimation: worse, they will pay 5% to the scammers, on the understanding that you can one day collect
asciilifeform: would you send 5% to nigerian scammers if someone offered to pay you 5% more for the trouble?
decimation: you can see how this feeds the above-outlined chumpatron
asciilifeform: yeah, they do
decimation: you pay taxes up front, but you can withdrawl the principal investment (not the earnings) at any time
BingoBoingo: Generally in the US Roth anything is less insane
decimation: asciilifeform you can avoid some of the 401k madness if your company offers a "Roth 401k"
asciilifeform took off hat, paid respects, said good-bye to the hundy.
mircea_popescu: decimation used to work fine up until they started hiring idiots.
decimation: so, basically banks and investment brokers end up excercising the ownership rights of idiots
mircea_popescu: these are very insulted by a flat refusal to allow chumps at table.
mircea_popescu: asciilifeform this takes us to the deep reason mpex is oft maligned on the sm : reddit, tardstalk et all are mostly made up of would-be daytraders, in their own head.
asciilifeform: at least at the moment.
decimation: because the votes of his 401k shares are excercised on his behalf
mircea_popescu: well, he has the say of his buy or sell, whatever it is. that's a say
decimation: also, the small investor has no say, even if he's not stupid
mircea_popescu: what exact value would one expect from joe the plumber's knowledge of stocks and the world around him to be passed through his 3k into apple's market
decimation: imagine you are the CEO of IBM: you know whether you hold a clown circus for your next board meeting or not, all the chumps are going to auto-buy your stock next Thursday
mircea_popescu: decimation i'd say it exists because a wide nonoligarchy somehow got the mistaken impression it should have access to the market.
decimation: I guess the only reason there is a front running "problem" is because only a small oligarchy has access to the market
dub: there used to be serious competition to be in closer racks
BingoBoingo: That trilema article was one of the most revealing to me
asciilifeform: the problem, as i understand, exists where people wish it to exist.
mircea_popescu: you don't need 38 miles of cable either
mircea_popescu: the funny part being that this hft thing is a solved problem, mpex doesn't have it.
dub: which is why the house enforces it
decimation: yeah but there are clear incentives to "cheat"
decimation: you know your "market" has entered LOListan when exchanges compete, promising to screw the customer slightly less
mircea_popescu: so there's been a sexchange of bitcoin, experts and investors so far. who's next ?
decimation: the greater chumpatron sucks chumps attempting to evade lesser chumpatrons
decimation: the question is: do you trust the fiat brigade to maintain the "integrity" of their 38 miles? Who audits the delay time?
decimation: "This exchange, IEX, (it was originally to be called ?Investors Exchange?, but the founders realised that the obvious Internet domain name, investorsexchange.com, could be infelicitously parsed into three words as well as two), would include technological constraints (including 38 miles of fibre optic cable in a box to create latency between the point of presence where traders could attach and the servers which matched bids and asks) which
mircea_popescu: we are discussing quite different things. i said jitney, you proposed to replace it with painting the tape, i pointed out that that's different.
asciilifeform: or, failing that, could be induced to operate outside of the stated parameters, proving bezzle
mircea_popescu: they have just pushed the stock price up fraudulently, and don't want to be raped for it.
asciilifeform: like the $10,000 video game machines on ebay.
asciilifeform: (sell, rather than buy)
asciilifeform: what resource expenditures are needed, assuming the 'fake' prices are higher than the genuine market price ?
artifexd: mircea_popescu:taub you need to get rated by someone in assbot's l2, then id with gribble and pm assbot !up <- you need to be rated by someone in assbot's l1
artifexd: Ok. I'll chalk it up to you making a typo and that the rules didn't change.
asciilifeform: aha, so 'fake' as in shills, rather than cooked books as such
mircea_popescu: asciilifeform common penny stock fraud. two brokers pass the stock back and forth to create the semblance of volume.
artifexd: Did the self voicing rules change?