fluffypony: in their case eventual = within two weeks
benkay: (DoucheBag for those not embedded in the prison)
gribble: WARNING: Currently not authenticated. Trust relationship from user cgcardona_ to user supay: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=cgcardona_&dest=supay | WoT data: http://b-otc.com/vrd?nick=supay | Rated since: never
cgcardona_: that's wot the wots all about
gribble: http://www.urbandictionary.com/define.php?term=db | Diarrhea Bubble. There are 5 different classes of pure, 100% Db's. CLASS ONE- The regular Diarrhea Bubble that someone gets occasionally by eating ...
cgcardona_: then what you do w/ that ability to chat is up to you. at which point your wot score could plummet if you're a DB
cgcardona_: supay: someone will usually rate a new person a 1 just for the purpose of v+ in here
cgcardona_: supay: once you register someone will need to rate you. then you can chat here
cgcardona_: til the ;;lasers command
kakobrekla: except that you /nick back and forward for the voice operation
kakobrekla: presently there is no workaround
benkay: is there a workaround?
benkay: kakobrekla: assbot doesn't seem to like users not authed with the same WoT handle as their IRC nick.
kakobrekla: anyway i still think you should hit the wiki first on your quest, supay .
kakobrekla: isnt dat link in the wiki :p
cgcardona_: supay: no prob. :) glad to help. I can pass the newb crown to you
cgcardona_: that's a good place to start w/ the high level wotupwidit
cgcardona_: supay: here is the highlevel trilema post (sorry MP hope you don't mind me swooping on the link post) http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/
supay: cgcardona_: and how would get on the wot?
cgcardona_: you'll lose voice+ after 30 minutes (is that how long it is?) and if you aren't in the wot you can't speak in here supay
gribble: WARNING: Currently not authenticated. Trust relationship from user cgcardona_ to user supay: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=cgcardona_&dest=supay | WoT data: http://b-otc.com/vrd?nick=supay | Rated since: never
bounce: the uplink was 64kbit ISDN back then. I think we split it out on a box on campus with 100Mbit, which was pretty good for ~2000. for (possibly fake, as in from the next room over the pabx) dialin we cut up an old "second ear" on a phone.
bounce recalls "doing internet radio" with a kick mike (nice and low response on the voices), homemade spit filter, a (PA) mixer panel, I forgot what for playing records, and, uh, a couple peecees for the recording and streaming. (winamp on w95 with encoder plugin to icy server on linux, then somethingorother for multicast)
cgcardona_: but I'm working on a bunch of new stuff so that's why i ordered the gear
cgcardona_: i just moved back to kauai from SF and sold all of my gear before I left the city
bounce: eh. so. uhm. advert banner: "a highly addictive FREE adult game" under some not-especially-well-done renders of nekkid chixx with pointy ears in leia-bra, sporting wings, or atop a unicorn. what'd they do, raid cghub and sell it as pr0n?
mircea_popescu: ruined a reputation, lost a stash, either of these'd have been worth millions in the future.
mircea_popescu: had the man just been patient, something like mpif would have been exactly right for him. but instead... had to get involved with cypher-whatever it was.
mircea_popescu: it occurs to me, the sad case of deprived.
mircea_popescu: Naphex gotta get the girls drunk somehow.
fluffypony: every time someone goes to the loo you take 4 shots
fluffypony: Have you heard about the Oscar Pistorius drinking game?
assbot: Voicing Rulother for 30 minutes.
mircea_popescu: !up Rulother
mircea_popescu: is it the same dude ?
ozbot: Crypto Coin Stock Exchange - The Wall Street of Crypto Coins
jurov: fluffypony i actually had to look to lulzbourse, if PISS is there.. but sadly, it's shopped
mircea_popescu: "On February 22, 2010, the company approached the city of Phoenix, Arizona with an offer of $10 million to rename the Sky Harbor Airport to Ashley Madison International Airport for a five-year period. Even though the city was in financial trouble, it rejected the offer."
mircea_popescu: there, moar of her mug
mircea_popescu: in other news,
fluffypony: mod6: yeah, I remember pf being all the rage, and switching a couple of boxes from fbsd to obsd because I wanted to use pf
mod6: did anyone here ever use ipfw and feel that pain? i mean, it worked, but it was tricky with that match-first ruleset as opposed to the filtering and match-last system of PF.
mod6: lol, then finally after like 10 years, fbsd merged it in as a kernel option you can build.
mod6: ye ole bug in the tcp stack 'eh
benkay: bounce: he's one of those guys who seems to always prefer the quick hack over spending some time thinking about the problem.
bounce: a valid question is why the guy made exactly these decisions and perhaps how whoever made him project manager came to that decision
bounce: not everybody understands the implications of their priorisation decisions, or perhaps chooses to ignore them, or even thinks the overall {business,politics(!)} picture looks better
benkay: i was going to ask why some people are willing to spend more money to fix the bug their shitty prioritization imposes than doing it right in the first place and then i realized 'o yeah most people are stoopid monkeys'
benkay: "how about we don't do things the right way, saving ourselves maybe 800-1200 dollars that we'll need to spend correcting this bad decision in two weeks"
benkay: sadly that is the pm's attitude on this project
benkay: quit distracting me with these scams.
mike_c: looky there benkay
Apocalyptic: the question is, can you down someone upped by assbot's L1 trust
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user multisignaturestartup: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=multisignaturestartup | WoT data: http://b-otc.com/vrd?nick=multisignaturestartup | Rated since: never
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user multisignaturetest: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=multisignaturetest | WoT data: http://b-otc.com/vrd?nick=multisignaturetest | Rated since: never
multisignaturest: theres is a an assbot calling me out... something called a mircea+popescu saying !up
asciilifeform: existing solely for the purpose of advancing mp's spammade
midnightmagic: asciilifeform: You should update the wikipedia article: https://en.wikipedia.org/wiki/Flynn_effect
asciilifeform: dumbest myth there is
midnightmagic: We have a Canadian guy who goes down there and talks to Americans.. what's-his-face.. Rick Mercer. https://www.youtube.com/watch?v=BhTZ_tgMUdo
mircea_popescu: there is no shared anything among people of different intelligence.
mircea_popescu: there's no "we"
midnightmagic: mircea_popescu: yeah the flynn effect is reversing a little unfortunately. it's a race now, to advance technology to the point where we'll no longer need to advance it, before we can't do it anymore.
benkay: "the future is here, it's just unevenly distributed."
benkay: "Though Bitcoin’s value is predominantly speculative at this point, a future in which Bitcoin obtains a high and stable value would allow the creation of new financial contracts and mechanisms; these new arrangements would leave regulations and regulated industries in the dust, left to fight over the tawdry remains of those yet unable to migrate to the internet of money or those unwilling (but soon dead)."
mircea_popescu: in other news, http://thetruthwins.com/archives/scientists-discover-proof-that-humanity-is-getting-dumber-smaller-and-weaker
ozbot: An7i Security: Pwn the n00bs - Acunetix 0day
asciilifeform: there is a great multitude of people who make a hobby of pwning spammers, crapware artists, etc.
mircea_popescu: i suppose one could imagine this far away island where the greatest delicacy is pubic hair lice
asciilifeform: then feels robbed, when someone delouses him
mircea_popescu: pankkake like another forum ?
gribble: The operation succeeded.
ozbot: The first trading day of F.MPIF pe Trilema - Un blog de Mircea Popescu.
gribble: The operation succeeded.
moiety: i know someone else that used smf for an altcoin forum, lasted like 2 months before they migrated to other software
bounce: you never know. next you know they breed a horse that sings
fluffypony: moiety: yes. they are reinventing the wheel from scratch for tens of thousands of Dollars, and it is expected to be released by 2025
moiety: will the mythical new software ever happen?
fluffypony: they decided to just switch off functionality
fluffypony: and instead of spending a small portion of the few thousand BTC donated to fix it
moiety: why did btctalk stop the avatars btw?
moiety: intrepoll can extradite me if they like
bounce: wonder if that's actually more than one person. before you know it they hit "hero member" and nobody notices anything wrong.
mike_c: one piece i was missing is that you will allow the share price to grow. this is different from many funds that keep their share price constant.
assbot: I don't know those people, and they don't look very friendly.
assbot: I don't know those people, and they don't look very friendly.
bounce: right in character too. my, there goes my snark.
mircea_popescu: and then... o wait. it's... me ? win.
mircea_popescu: then im all like... o wow check out how fucking smart this dood is!
mircea_popescu: bounce no because most of the time i don't remember what i said
mircea_popescu: note tho that they're my shares, if i sell them under nav... well... tough tits for me.
mircea_popescu: hey, i read these logs
ThickAsThieves: sounds like the mpif general mgr needs to be an active one
mircea_popescu: the current value is a best guess value.
mircea_popescu: and it may jump further up, according to what experience will indicate
mircea_popescu: mike_c well that's the one good argument for increasing the berth there, actually. 1.5% may be too narrow,
mircea_popescu: mpif may definitely end up with a large cash balance, but this would be a negative commentary on the btc financial space, rather than on mpif itself.
mike_c: ok ok. but this then all relies on you having a very good idea what your nav is at a given time.
mircea_popescu: mike_c no, because these are per month.
mike_c: yes. so this goes back to what i said about the fund will end up carrying a huge cash balance
mircea_popescu: at t=2, the sole manager that seemed to have been making a 15% gain runs off with the whole shebang.
mircea_popescu: on model B, the spot gets stuck at 101.5 while the capital of the fund swells to 50 btc, of which 10 allocated to pc1.
mircea_popescu: at t=1, the sole manager seems to be making a 15% gain
mircea_popescu: suppose vpif has 1 pc, with 10 btc. at t=0, the share goes for 100 satoshi.
jurov: so i can now undercut the 21726 ask? but dunno if that recovers selling fee
mircea_popescu: let me make an illustrative working model by what i mean by the size breeds security thing.
jurov: it's not the same :)
mike_c: it makes sense if the fund is going to return 50%
mircea_popescu: suppose instead of 1.5% (or the initial .88%) i charged 45%.
ThickAsThieves: which was probably a large point of the "excercise" of it existing at all ;)
mircea_popescu: sure, in principle the later investments would attract lower margins than the earlier investments.
mike_c: the invested funds will grow. that is worth a premium. cash will not grow. so to keep the premium very small, cash must dominate invested funds.
mike_c: that's what the general manager wants.
ThickAsThieves: if that's what the people want...
mike_c: I'm going to try again. Funds can sell at a premium or a discount to NAV. You are basically saying you won't allow this above +/- 1.5%. The only way I can see to do this is to carry a massive cash balance in the fund.
ThickAsThieves: mp the link on mpex.co to mpif statements is broken
jurov: gotta go afk, hope nav won't reach 29000/1.01 in the meantime :D
mircea_popescu: ThickAsThieves into the f.mpif's cash position.
mike_c: that is my point. you are going to keep issuing shares until the ROI drops so low that nobody is willing to pay more than 5% over nav
mircea_popescu: ThickAsThieves because they're issued at nav.
mike_c: ok, let's try this. so say this block sells out (the 2nd 200 btc). and now you stop issuing shares.
mircea_popescu: jurov yes, went out of your bounds. i was at .88% before i enacted the 1% collar for you.
jurov: you updated the price to 21726 ?
mike_c: ok. NAV is 100 btc and there are 100 shares. investor projects fund will make 10% this year. He values this highly and is therefore willing to pay 1.06 for a share.
jurov: nav *per share* stays the same
mircea_popescu: no, i deposited nav to get another mn shares.
ThickAsThieves: well if you sell another 200btc
mircea_popescu: ThickAsThieves i don't do any, their job.
mircea_popescu: first off, why would this thing "make money" other than through nav going up ?
ThickAsThieves: so i'll instigate further, what vetting does general manager do for bot software used by managers? basically enough rope to hang themselves?
mike_c: i don't understand why you want to keep the price so close to NAV. This thing is supposed to make money. that is worth something. if you issue shares until price drops to close to nav than the roi will be piddling.
jurov: plus i bought another 167195 shares myself
mircea_popescu: that way you can always be overbid by users, should they want to.
ThickAsThieves: then he releases more shares
mircea_popescu: jurov do you follow the logic of this ?
ThickAsThieves: jurov's job gets easier by the minute!
mircea_popescu: jurov : stay outside of 1% of nav on either direction.
mircea_popescu: but listen, he maintains the book.
ThickAsThieves: rather than make loss
ThickAsThieves: well theyre both fraud,
mircea_popescu: ThickAsThieves well one's fraud and other's breach of duty of care
mike_c: all the pif managers are on the honor system. i assume suspicious behaviors will result in execution by general manager.
ThickAsThieves: or less profit than he might have therwise
ThickAsThieves: but you are right on the flipside
mike_c: i don't think jurov is in a different situation than anyone else. BingoBoingo could trade the markets on his own book, hanbot could place bets with her own money, etc.
ThickAsThieves: while you *could* implement programmatic ways to do so, i'm not sure you could hide the suspicious activity totally
fluffypony: "Hello. my name Ewelina S. iam from Poland. in 25 of march i make order for Terra miner 2tgh/s for 5.999$ +1.108$ shipping. I am a single mother who raises two children.I borrowed these monay from family and friends for the development of investment btc.At the moment, my financial situation has changed for the worse, and I was forced to resign from the ordered equipment.Please help me recover my money.If I lose these money i dont know what
FabianB: mircea_popescu: yeah, just that, already bought into the big ask and still wanted to have bids below
FabianB: so mpif invested after the loss?
fluffypony: asciilifeform: it takes me a few hours to catch up when I miss stuff (including reading posted links, researching stuff I don't understand, etc.), I don't always have a few hours loose every day, and you know how it goes once you let it slip for a few days - it's easier to just skip the few days you missed
ThickAsThieves: <+BingoBoingo> ThickAsThieves: Were you the buyer?
ThickAsThieves: <+BingoBoingo> ThickAsThieves: Well, that is in the statement
ThickAsThieves: <+ThickAsThieves> well i was pretty sure the 400k ask was you
fluffypony: asciilifeform: I don't need a digest, I have the time to parse the forum, but if I get caught up in things I can imagine I simply wouldn't have the time for it on an ongoing, daily basis
ThickAsThieves: how do classify the allowance of the practice of your fund manager soliciting trade info from others?
mircea_popescu: ^ fluffypony on the topic of how good design begets business.
fluffypony: ThickAsThieves: so why don't we find someone who can spend 2-3 hours a day parsing the logs and making an overview/digest and putting it up, and then put that up on a paywall'd site, the proceeds of which pay their salary?
mircea_popescu: if you mean it removes the possibility of expecting to meet the performance of professionals on the budget and investment of an amateur, yes, this is correct.
pankkake: perhaps the unexisting Trilema TL;DR should also be assets TL;DR
mircea_popescu: i thought you hated the +m originally >D
asciilifeform: 'what do you mean i have to dip them!'
fluffypony: but not on the regular forum
fluffypony: it's still there
ThickAsThieves: it removes possibility of being a passive investor in any regard, which i suppose is okay with the right support systems in place
mircea_popescu: who's they ?
fluffypony: they deleted my PROSLIMBS posts
asciilifeform: in other news,
ThickAsThieves: it's not a question of whether this is public
mircea_popescu: ThickAsThieves this channel does serve as the info distribution for all bitcoin finance.
ThickAsThieves: regarding my previous comments on bingoboingo soliciting trade info from others, i guess i kind of see it as the MPEx as the purported/aspiring to be SRO in the space. in that sense i think the long-term view might be to consider whether this is really a best practice, and further whether this channel would ultimately serve as fair info distribution to shareholders
mircea_popescu: the weight of its book will eventually end up significant
mike_c: seems like if you raise more funds it will turn into the panacea/JD fund. the other pcs can't handle much more capital.
pankkake: the just-dice one can easily be grown (though profit will not grow exactly linearly)
fluffypony: well there's that
jurov: lolk.. there goes easy profit
jurov: oh, at the same price?
jurov: yes, i'm going to.. but for not i have to seize the opportunity by hand
kakobrekla: anyone can see the your full stat ?
mike_c: ooh, the pif liquidity manager runs a brokerage.
jurov: um...is marketmaker allowed to front run the IPO?
kakobrekla: what happened there?
kakobrekla: the one mike just linked
kakobrekla: so the vol should be correct, just timing a little off
kakobrekla: mike_c btw, i summed the missed ones in a single 470k trade
mircea_popescu: which are like, the pre-pastafarian pastafarians.
mircea_popescu: the only thing that connotes in english is rastafarian
asciilifeform: not a bad occasion to stop and wonder, what ordinary words of today will die the same death.
asciilifeform: anyway, for the noobs, the slavic languages are almost 'plug-compatible,' just gotta bend a few pins.
mircea_popescu: wouldn't you find it odd if some othrodox country actually called the priest "cousin" ?
asciilifeform: and a priest is 'father', no one thinks this odd
fluffypony: NotLambchop is my favourite person on the securities subforum lately
jurov: indeed. we called them "súdruh","súdružka"
jurov: assbot does not react to ozbot? or it's only the capitals?
pankkake: the French are forbidden to work today! it's work day
mircea_popescu: jurov for a moment there i thought you may be off on something ungodly like i dunno, a 1st may vacatgion or something
mircea_popescu: now someone make a forum account put that shit up there.
pankkake: that was my thought when I saw the pic
ozbot: The Serious IPO, a moment in the life and times of forum investing pe Trilema - Un blog de Mircea Po
mircea_popescu: http://trilema.com/2014/the-serious-ipo-a-moment-in-the-life-and-times-of-forum-investing/
mircea_popescu: "It involved skewing data in Google Analytics. They decided it was a good idea to alter the statistical data shown for websites. It first began with just altering data reports for Analytics account holders that also had an AdSense account, but they ran into too many issues and decided it would be simpler just to skew the report data across the board to remain consistent and implement features globally."
mircea_popescu: punkman that's actually quite well matched to market signals. i wonder if anyone'll ever investigate these matters. seems sort-of like a probe in gazprom.
mircea_popescu: The new policy; "shelter the possible problem makers, and fuck the rest" (those words were actually said by a Google AdSense exec) when he spoke about the new procedure and policy for "Account Quality Control".
mircea_popescu: I did not. I stayed because I had a family to support, and secondly I wanted to see how far they would
mircea_popescu: their gravy train needed to end. Many employees were not happy about this. A few resigned over it.
mircea_popescu: needed for the company, and that most of these publishers were ripping Google off anyways, and that
mircea_popescu: payout, we were to ban the account right away and reverse the earnings back. They kept saying it was
mircea_popescu: publisher had accumulated earnings exceeding $5000 and was near a payout or in the process of a
mircea_popescu: have to pay them a single penny. We were told to go and look into the publishers accounts, and if any
mircea_popescu: "Google reaped both sides of the coin, got money from the advertisers, used the publishers, and didnt
asciilifeform: the little fleas, have smaller fleas, ... etc
mircea_popescu: this plan isn't working, the guy lived in squalor in 2004 and lives in squalor today and will live in squalor in 2024 too
mircea_popescu: anyway, it's refreshing to see that a) taaki is continuing his gofer career, because that's what the guy does, much a la gmaxwell : he tries to associate with important projects in the hopes that people with money are stupid enough to go by what fucktarded ragazines publish, and so maybe he can get some.
ozbot: What We Do in the Shadows - Official Trailer - YouTube
mircea_popescu: "learn the secret nigerian dairy farmers hate : how an Edinburgh mum built a functioning goat out of tooth paste and some wood shavings"
asciilifeform: incidentally, the term 'wired' in usa is not always to do with wires. it is also a traditional euphemism for tripping on strong dope.
asciilifeform: bob the goat-builder?
mircea_popescu: fluffypony actually it ended there. what was he doing to say.
mircea_popescu: "Taaki is an Iranian-British free-market anarchist and developer of high-profile bitcoin projects like the decentralized online marketplace prototype DarkMarket"
mircea_popescu: awkward moment ensues, im trying to recall if the girl's 16 even...
mircea_popescu: he had found it, because he was there with his wife... and they...well... they got a little frisky
mircea_popescu: he had found it, at their 2nd town appt, where the girl's grandmother lived in the summers, which was atm empty being winter.
mircea_popescu: fluffypony i once lost my watch. the only one time i lost my watch. i was completely wtf'd as to where i could have put the thing ?! or maybe... justmaybe... some handslight actually got it off me and now i'm never going to hear the end of "o lalala i stole mps watch lalala" *whack* ?
asciilifeform: wtf, is this 'the onion'? 'urls abolished?' what'd i wake up do
mircea_popescu: punkman: fluffypony, because someone smart left the keys on the door (on the inside) << were these... gpg keys ?