Naphex: now don't know the specifics. but i will foward the european payment systems thingie, and see what answer comes
Naphex: davout: that question i've asked. and thats the answer I received. That by Romanian law everything required we have to operate.
davout: if the answer is something along the lines of "no, because bitcoin isn't regulated", then you should run awat
jurov: that ask won't stay long there
davout: do a simple test, ask the legal person, or whatever lawyer you have the following question : "do we need some sort of financial license to do what we do?"
Naphex: there'se 3 more working on a bitcoin atm
BingoBoingo: asciilifeform: Stepped on it with show. Also the mouse was actuall a mouse. Was skittering around the garage while I was trying to IRC and smoke cigarettes in it.
Naphex: also i'm paid to code the stuff up. and make sure it doesn't get owned.
davout: the easiest is a payments service provider license
davout: look up the european payments service directive
Naphex: the firm is registerd, and registration printed
ozbot: btcXchange.ro - The first Bitcoin exchange in Romania
BingoBoingo: mircea_popescu: There's also a deadly form of porcine mega shits killing off the pork here
Naphex: davout: there is no _need_ for it atm.
davout: thestringpuller: chocolate chip is cool
davout: Naphex: your banking relationship may be great, but as soon as you handle someone else's fiat by opening them an account, allowing them to cash in and out, you need a financial registration
Naphex: and everyone can do whatever they do best
mircea_popescu: and only because the two idiot investors who had enough sense that they shouldn't have been invested in the first place insisted.
davout: didn't prevent them from being buttraped on multiple legal accts
mircea_popescu: Naphex who;s the gc ?
numerisTrade: gonna have to be patient, then
davout: Naphex: i mean it's usually required from corps that handle fiat funds on behalf of third parties to be financially registered, which doesn't appear to be the case
numerisTrade: mircea_popescu, you will not share any details before having them posted there, will you? :)
assbot: Voicing thestringpuller for 30 minutes.
benkay: !up thestringpuller
kakobrekla: one day imma gonna link you to taht -pr post that sez its not all in the sum
davout: i mean another one :D
asciilifeform: in usa, even the professionally sad can register a corp.
Naphex: davout: from the little i understand, its mostly sorted and all authorities consulted
Naphex: davout: i'm not the best to ask about financial stuff. but therese lawyers, and accountants and other people
mircea_popescu: fluffypony today the 24th :D
mircea_popescu: thestringpuller can i pay you to send davout a cookie ?
Naphex: kakobrekla: so RON/BTC is the only pair atm, with EUR,others to come soon while we still work some stuff out.
mircea_popescu: the profession is called "businessman"
Naphex: kakobrekla: ron is the only fiat atm
mircea_popescu: so make another i guess ?
Naphex: and other unrelated
mircea_popescu: so there.
mircea_popescu: if you're concerned about getting spammed simply make a sensible limit per upload (5mb ?) and only keep one record per account (the last)
Naphex: ill add it to tasks, i like the idea
mircea_popescu: on the page where one can submit documents to be verified, add a link to a textfile constructed as gpg -export-pubkey -a | gpg --clearsign -a
mircea_popescu: Naphex, if you love me do the following thing :
asciilifeform: 'freebsd' until it went to the scrapyard.
asciilifeform: the latter eventually caught fire
asciilifeform: bounce: 2x40W << there was a gpu; also a massive scsi hdd
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
fluffypony: ;;rate los_pantalones 1 hooked a brother up with some cleverness
asciilifeform: but rumours spread, and other kids came demanding to see it
kakobrekla: we ripped the interior air heating radiators from cars
asciilifeform: actually, i gave the radiator to diametric
bounce: what's in there though, a pI? how much heat does it produce?
bounce: that's a clear case of not fscking around with the cooling
kakobrekla: asciilifeform but back in the day people were doing it mostly to show off and oc.
ozbot: imgur: the simple image sharer
kakobrekla: wasnt there a 'yah' thing ?
benkay: basically guaranteed that nobody in that cafe will ever give pandora another damn dime.
benkay: one of my normal haunts recently tried to play pandora plus in two separate locations in their joint
Mats_cd03: there we go again
asciilifeform: kakobrekla: actually, the only time i ever built a water-cooled machine, it was to get rid of the damnable fan hiss
mircea_popescu: benkay: the only thing that makes sense to actually pursue is the rack building thing, and that will live and die by whether or not you can land your asic partner. everything else is just like "woahaoaowwywowao i want to do all these different bitcoin things!" << undersigned.
fluffypony: kakobrekla: well, it's also a cheaper proposition - our market isn't only people-with-$$$, the BOINC/Folding@Home crowd need better cooling than 20cm fans in an ATX case but they can't afford / don't want to spend money on water cooling or mineral oil immersion
gribble: The Bizarre History of the Vibrator: From Cleopatra's Angry Bees to ...: <http://gizmodo.com/5909857/the-bizarre-history-of-the-vibrator-from-cleopatras-angry-bees-to-steam-powered-dildos>; Cleopatra's sex toy made of bees - snopes.com: <http://message.snopes.com/showthread.php?t=82547>; The Long, Strange History of Sex Toys | Alternet: <http://www.alternet.org/sex-amp- (1 more message)
kakobrekla: actually its even worse, the goal of water cooling was to spend money and look good, the goal of rigs is to make money looking like an idiot
asciilifeform: why does everybody love pre-orders so much ? so they can bitch when conveyor delay?
moiety: will iget kicked for life if i say i thought the cardanos were cute?
benkay: hey mircea_popescu and asciilifeform now that you've demo'd the cardano for the elite when do you start taking our btc for them?
fluffypony: kakobrekla: that's fine, I'm not aiming to create a massive company that will be around forever, quite happy riding a wave, making money, and letting it wind down as we transition to the next thing
mircea_popescu: kakobrekla you gotta put the boards somewhere no ?
mircea_popescu: ThickAsThieves: isnt the "Bee" brand kinda taboo now? << very.
kakobrekla: re openrigs . the whole things is a fad just like diy water cooling was a fad 10 or 15 years ago
asciilifeform: i must still be in me dream. perhaps i should go back & finish sinking the nazi sub.
benkay: har if only i'd had the pleasure of breaking you in, moiety
Naphex: was on the news
Naphex: fluffypony: its the same in romania
Mats_cd03: usually i pester benkay, but hes probably wasted and tryna molest a deer in the woods
moiety: davout: dude, i never think about that shit before i hit enter. i do it all the damn time, sorry
fluffypony: Mats_cd03: they say you never forget your first time
Mats_cd03: hey, this is only the second time
moiety: am i the only one that ups you or something Mats_cd03
gribble: Urban Dictionary: diddle: <http://www.urbandictionary.com/define.php?term=diddle>; diddle - definition of diddle by the Free Online Dictionary, Thesaurus ...: <http://www.thefreedictionary.com/diddle>; Diddle - Definition and More from the Free Merriam-Webster Dictionary: <http://www.merriam-webster.com/dictionary/diddle>
mircea_popescu: davout prolly the act of diddling.
gribble: http://www.urbandictionary.com/define.php?term=dildotics | Jan 13, 2008 ... dill-dod-iks; noun or adj. The science or study of dildos and the origin of their creation. Trademarked by Dildotics Incorporated, circa 2002. Adv..
mircea_popescu: davout "technique and shit. i should've fucking figured that the french are going to pwn anything involving diddlage" ~mpoe-pr
moiety: mircea_popescu: that was the tip of the iceberg with that dude, total idiot. also, shower/kitchen is better than no living space at all!
mircea_popescu: http://pando.com/2014/04/23/the-revolving-door-between-google-and-the-department-of-defense/
mircea_popescu: davout i'm not the one that lost me A FORTUNE in bitcoinz
mircea_popescu: asciilifeform i once rescued a damsel from a situation where her living space consisted of... kitchen. you could shower over the "toilet", and there was a small stove nearby.
mircea_popescu: moiety: voxer gives a location point on a map, thats even worse, i used to get "why were you not at your house?" << oi. ok that takes the fucking cake.
mircea_popescu: (if you're any good you can make them look like exclamation points, too)
mircea_popescu: fluffypony: well I suppose it's better than the "how come when you messaged that you love me you only put 2 exclamation marks when I put 4?" argument <<< you know, there's a relation between the welt count per butt and domestic bliss.
mircea_popescu: ah lol davout http://bash.bitcoin-assets.com/?quote=102 , i had _exactly_ (down to the number) the same argument << maybe you two should exchange wives for a summer ?
mircea_popescu: that's good then.
mircea_popescu: i'm the only one here that's actually shot things btw ?
ThickAsThieves: and pet them
ThickAsThieves: she wants to save the animals
ThickAsThieves: <+fluffypony> ThickAsThieves: so then come to glorious South Africa! // my wife would be into that
TomServo: asciilifeform: I believe BingoBoingo was inquiring about the rifles.
mircea_popescu: asciilifeform that zimbabwe oil thing and the peron cold fusion thing should make babies.
BigBitz: Awesome. If I am there I will hit you up. :)
fluffypony: mircea_popescu: you should see where the comment thread went to from there, that guy was an idiot
mircea_popescu: "An SSD is non-magnetic storage, there is not really any protection needed. Put a metal case around it and im pretty sure it can drop from the atmosphere into the ground at free fall speed and still operate once free'd from the metal casing" <<< pretty sure is magic!
BigBitz: Meh isn't the AMS conference a flop?
fluffypony: ThickAsThieves: so then come to glorious South Africa!
ThickAsThieves: just $1800 to fly and attend the conference
BigBitz: ThickAsThieves third time will be a charm then.
mircea_popescu: HeySteve: "for the amount saved in mass, you may like to add extra avionics to BitSat." << satellite avionics ?
BigBitz: Ah !up - didn't know the command. :)
mircea_popescu: BigBitz you id with gribble then pm assbot !up
gribble: Currently authenticated from hostmask BigBitz!~BigBitz@dab.stonabox.me. Trust relationship from user assbot to user BigBitz: Level 1: 0, Level 2: 4 via 4 connections. Graph: http://b-otc.com/stg?source=assbot&dest=BigBitz | WoT data: http://b-otc.com/vrd?nick=BigBitz | Rated since: Fri Apr 26 11:13:53 2013
mircea_popescu: http://moneygunsweed.com/wp-content/uploads/2011/11/killian-skarr-sex-machine03-500x666.jpg << the fcking log.
ThickAsThieves: in debating whether to go to Amsterdam next month, my wife "you can't just go to Europe every month!" me: "why not? i can do whatever i want"
mircea_popescu: <ThickAsThieves> and generally i met these guys and like them as people, so would hope that any bad ideas can be squashed earlier than later << except that's not what they want. they want their stupidity to be empowered by incompetent management, exactly like brewster. which is why they worked for him rather than for me. the only thing they'd do differently, the ONLY thing, would be for it to "work" this time. by itsel
ThickAsThieves: their lawyers say to scrap it regardless
mircea_popescu: <ThickAsThieves> they got about 80% done with varioud Neo projects and were never fully paid <<< unless some greenhorn makes the mistake of "buying it", in which case the 80% turns into... nothing at all.
ThickAsThieves: it was me, i forget the topic
the20year: Benkay, at this rate 3-4 more weeks, but the funding ends on the 7th whether they sell or not
ThickAsThieves: assuming they dont chicken out
benkay: well get 'em in there
ThickAsThieves: thin clients and other mumbo jumbo i no nothing about
ThickAsThieves: nah i think their focus is in providing specialized bitcoin software solutions
Naphex: everybody throw a btc idea out there, as fast as possible :p
ThickAsThieves: and generally i met these guys and like them as people, so would hope that any bad ideas can be squashed earlier than later
benkay: perhaps wifi in the cardano.
ThickAsThieves: the sort i am not familiar with
ThickAsThieves: they have new ideas
fluffypony: I'll sort them out
fluffypony: find someone to relocate them to South Africa
ThickAsThieves: they got about 80% done with varioud Neo projects and were never fully paid
ThickAsThieves: two guys plus a whole team they hired
ThickAsThieves: they are based in cyprus
benkay: 17,790 sold first week of 3PO; 1,465 second week, 1,785 third week. any estimates on how long it's going to take to clear the rest of your sale, the20year?
ThickAsThieves: they have a plan to stay afloat
the20year: Decent, started great, has slowed down. Could be due to market, could be due to dropping out on the CREI stuff
Naphex: mircea_popescu: hitbtc says they got 7m usd, in investments
ThickAsThieves: told em to get into the channel
ThickAsThieves: coincidentally i just emailed the software guys
the20year: Is there a way to ID with gribble if he isn't here?
mircea_popescu: the20year well if no gribble it's problematic.
assbot: Voicing the20year for 30 minutes.
mircea_popescu: !up the20year
mircea_popescu: not that the fiat venture circuit is any different. we had a lol over this @con
mircea_popescu: the reason they lied is that the fuckwits on the forum like to invest if they perceive others have.
mircea_popescu: well if the secret is not really obivous : neobee claimed to have raised 5k btc. but they lied.
ThickAsThieves: there's no way in hell that much coin was spent on MaidSafe
fluffypony: basically everyone sends funds to a Bitcoin address, and then we convert that to SateliteCoinz that we give them
Naphex: what else is there to live for?
fluffypony: mircea_popescu: maybe Amazon can just arrange for the CubeSat to be delivered into space by quadcopter
benkay: well there's spacex, doing reusable launch vehicles
ThickAsThieves: they can't hear you save-a-lot in space
mircea_popescu: fluffypony: davout: they're probably thinking they can just send a Raspberry Pi and an SSD up and it'll work <<< they shouldn't have to spring for a ssd.
ThickAsThieves: even space cant escapt the walmart effect
ThickAsThieves: how come all the newer ones fail sooner?
mircea_popescu: im curious if they'll STILL pretend like "nobody is pointing and laughing at the naked emperor".
ThickAsThieves: The ".farm" TLD is now available.
ThickAsThieves: "Supreme Court says child porn victims can claim payment from anyone who has their images"
fluffypony: early attempts were "just watch the blockchain", but altcoins implementations are so ridiculous
fluffypony: Naphex: yeah I know, I struggled with the dynamics for a while before settling on "just poll the daemon"
fluffypony: (listreceivedbyaddress shows a "running total", of sorts, so you have to know what the previous value was to spot that it's changed, but that's trivial"
fluffypony: and once an amount is available in an address for the minimum number of confs it's in the json
fluffypony: thanks for all the input everyone
ThickAsThieves: well, in my opinion, i think the hardware business is the most sensible aspect, and then the mineotour stuff a nice thing to branch into
fluffypony: ThickAsThieves: so then would it be better to 1. keep everything in but stagger the funding (eg. 100k now, another 100k when X milestones reached, etc.), or 2. take stuff out and then seek further funding later
Naphex: fluffypony: yeah but in my case you are receiving 4 payments in the same tx
fluffypony: Naphex: doesn't matter, we're expecting 0.5 to address X, not to the "wallet" as a whole
fluffypony: ThickAsThieves: appreciate the input, I'll work a bit more on splitting it out
fluffypony: Naphex: we watch the address for the amount requested; if it appears we know it's paid, if it doesn't (wrong amount, too late) we can't "contact the client" to let them know - they have to contact us and say "ohai, I screwed up"
Naphex: fluffypony: a lot of the cases are around how you aquire and track tx data
mircea_popescu: cazalla you there ?
Naphex: fluffypony: plenty of room for explotation there. which will bug out and might cause your 0conf balance to go wildly negative
mircea_popescu: ThickAsThieves more like, they developed bitundo
ThickAsThieves: Hearn is either a devil, or has some kind of offense to people poking at bitcoin
mircea_popescu: "let's solve problems that don't exist through breaking the bitcoin protocol"
mircea_popescu: who the fuck needs protection from bitundo ?
fluffypony: ThickAsThieves: because I've done most of the underlying work, it's just front-end crap that needs to be done
ThickAsThieves: than the mining software?
mrstickball: didn't know if there was something else to it
fluffypony: mrstickball: the frames etc.
fluffypony: separate the entities
fluffypony: ok so then I split it out
ThickAsThieves: i'm just exploring whether you are exposed to red tape
fluffypony: ThickAsThieves: if a country banned inter-crypto trades that would affect the exchange primarily?
ThickAsThieves: and cooperate with providing logs or whateverthefuck
ThickAsThieves: by forcing an entity in their country to enact AML
jurov: ThickAsThieves: how would they enforce?
fluffypony: ThickAsThieves: https://www.cryptsy.com/coinvotes - get them to add it there and you can buy votes :-P
benkay: the whole thing is low-margin madness.
ThickAsThieves: the whole Paybee thing is a deterrent
fluffypony: ThickAsThieves: I would write them a strongly worded letter!
ThickAsThieves: why isnt ATC on cryptsy then!>
fluffypony: this is between us and the exchange
fluffypony: the coins are already confirmed on our side
fluffypony: Naphex: how? they don't have our privkey to double-spend
fluffypony: before they're confirmed, yes
fluffypony: in other words
fluffypony: if the send fails we go into negative that is caught up later
ThickAsThieves: from fsrm to the exchange
ThickAsThieves: butthere is still delay right?
fluffypony: ThickAsThieves: it's not 0-conf to us, it's 0-conf between us and them
ThickAsThieves: be verifiable rather than make promises
ThickAsThieves: themarketshifts."
fluffypony: "OpenRigs is member of the GearTribe group of companies, of which Riccardo Spagni is one of the group directors"
fluffypony: I did at the beginning I think
ThickAsThieves: are you represented within the 5% of GearTribe's too?
fluffypony: and a bunch of other companies
fluffypony: benkay: no - the GearTribe Group, has a 5% stake in OpenRigs
ThickAsThieves: if you must have Bee, then BeePay
fluffypony: yeah, so that's placeholder branding then :-P
fluffypony: I'll get the designer to rethink it
ThickAsThieves: the PayBee logo is horrible
fluffypony: so the minute we go into fiat we become a financial services provider
fluffypony: Naphex: nope - official stance from the SARB (reserve bank) is - "Bitcoin has no legal status or a regulatory framework."
ThickAsThieves: i do not mind the mineotaur effort
ThickAsThieves: i could be wrong on the marketing little things, sometimes i get a bit elitist with my views on it
fluffypony: Naphex: then we have regulatory issues to deal with