mircea_popescu: say, the "problem" of x. well... how mcuh of it actually is economical ? that much should be resolved economically.
mircea_popescu: and generally, it's a knife. it allows to cleave reality and the problems of reality into easier to manage bits.
mircea_popescu: for instance, what does qc do ? does it attack the forum ?
dignork: mircea_popescu: if the game was survavibility
ThickAsThieves: and what is the contest
mircea_popescu: how does the person win ?
ThickAsThieves: it always amazed me how much arbitrage opportunity existed on the play exchanges
mircea_popescu: a more absolute gift of power could scarcely be devised. "even in hell, they with this staff wield power" sort of thing.
mircea_popescu: bitcoin is the best thing you could possibly be doing with your time, not last on the list because even should it put you in prison, it will probably make you a ruler there, too.
mircea_popescu: and from unrelated news : "Nothing makes you more powerful inside the joint than a strong grounding in currency arbitrage."
mircea_popescu: then it's a fair contest.
mircea_popescu: if the contest is running, and it dun matter who's running, he still has to do 100 meters, be it obama or goldstein,
mircea_popescu: fairness in this context may not be what you think when you say the word.
ThickAsThieves: ah, so it's fair because the person chose to compete
ThickAsThieves: instead of the man;s time
mircea_popescu: the problem of natural persons vs legal persons is that natural persons have constraints legal persons do not.
mircea_popescu: i mean you know, you can view planets as stars, as in the case of venus
ThickAsThieves: among other inconvenient things to transfer
ThickAsThieves: hmm, it's the only resource everyone has? how one "spends" their time may determine their "wealth" ...?
davout: a medium of exchange is just another economic good, one that is particularly liquid though
mircea_popescu: in my humble opinion, this is the most important thing written on the topic in the history of human culture, neatly dwarving adam smith and so forth.
ozbot: A complete theory of economics pe Trilema - Un blog de Mircea Popescu.
gribble: You are now authenticated for user jurov with key 677ABD62D0AEE7D7
gribble: Currently authenticated from hostmask Blazedout419!~Rogue@76-243-42-60.lightspeed.cntmoh.sbcglobal.net . User Blazedout419, rated since Sat May 18 17:05:13 2013. Cumulative rating 258, from 119 total ratings. Received ratings: 119 positive, 0 negative. Sent ratings: 124 positive, 3 negative. Details: http://b-otc.com/vrd?nick=Blazedout419
Blazedout419: the gribble spam chans shows all!
davout: weird, the message doesn't get picked up
mircea_popescu: either that or a gaping asshole
ThickAsThieves: maybe #b-a logo could be a sword of Damocles with a halo at the bottom
jborkl: nm the link hehe
jborkl: https://www.google.com/search?q=french+maid+stealing+image&es_sm=93&source=lnms&tbm=isch&sa=X&ei=y4RWU_b8D-HOyAGcg4GADg&ved=0CAgQ_AUoAQ&biw=1920&bih=955#q=french+maid+theft&tbm=isch&facrc=_&imgdii=_&imgrc=e3pqlcwPH_fDFM%253A%3BWnNPSumn-CUFuM%3Bhttp%253A%252F%252Fimages.uncyc.org%252Fcommons%252Fthumb%252Ff%252Ff9%252FFrench_maid_dingo.jpg%252F150px-French_maid_dingo.jpg%3Bhttp%253A%252F%252Fmirror
jborkl: Ok, I read the website facts for Maidsafe and I feel dumb now. And if they are going to make a really bad pun they need a logo to go with it that makes you laugh
cgcardona_: top of the morning bitcoin-assets! cc/ fluffypony
mircea_popescu: at the time in newyork young hungry cocksuckers worked like taxi cabs : you'd motion to them and they'd get to work.
mircea_popescu: fluffypony i bet you it's just copied off the oscars. "the academy of motioning artistes"
fluffypony: bitcoinpete: TONS, take a trip to South Africa and stop by, I'll provide the alcohol
bitcoinpete: fluffypony: probably one of the hot, sweaty kinds
ThickAsThieves: i exist therefore i artist
mircea_popescu: bitcoinpete the pattern being that peeps are trolling you or that peeps don't read your blog ?
bitcoinpete: just had one of the guys in our meet-up group ask about maidsafe too. of course, a day after i blogged about it. just like he asked about bitgo a day after i blogged about that. noticing a pattern here
fluffypony: oh there, beat me to it
mircea_popescu: what is this, the reverseland ?
bitcoinpete: fluffypony: blame the education system lol
jborkl: what is maidsafe anyway? keeps the maid from stealing your bitcoins?
bitcoinpete: fluffypony: not everyone appreciates frank lloyd wright either, c'est la vie
mircea_popescu: then inexplicable shit happens. like this :
mircea_popescu: due to the complete lack of transparency, and seeing how all havelock/btct/bitfunder/glbse/etc offerings are destined to implode anyway
mircea_popescu: you see, toy exchanges love to inflate their figures.
mircea_popescu: jborkl "5,000 BTC have
..overnight become only 140!" << there's some truth to that.
jborkl: The next day Brewster shocks the management team by telling them that the 5,000 BTC have
..overnight become only 140! "Actually I thought we had 5,000, but I have checked the wallet and the coins are not there, I spent them somewhere but I don't remember on what.......we have only 140 coins left. I am going to the UK to find investors. I will send you the 140 coins left and also sell my Mercedes
fluffypony: bitcoinpete: every time I see a video with him linked to on /r/bitcoin it just seems like a link to a TED talk, and I can't be bothered to watch TED talks
fluffypony: am I the only person who hasn't seen him speak / heard him interviewed / watched him in a video?
mircea_popescu: tell him some investors have been very careful to follow his instructions and they still lost money. what's he going to do to make them whole ? apologize ? pay out of pocket ?
mircea_popescu: yeah srsly. we've all been sayin' hail marys over here like he prescribed, and we still got the clap.
mircea_popescu: carefully selecting audiences for libertardism does not on the volume of data collected so far seem to produce better businesses.
mircea_popescu: bitcoinpete ask derpopopulos how come is it possible that danny brewster fucked everyone in the ass, when he never said things such as nigger or put down women for being retarded ?
bitcoinpete: Andreas Antonopoulos posts on Reddit stating that “I was as surprised and bewildered by these events…dismayed that another bitcoin company had imploded amidst allegations of fraud and leaving many investors, creditors and employees with serious losses…all of whom betrayed by Danny” <<fuckin derp
bitcoinpete: Brewster: "Actually I thought we had 5,000, but I have checked the wallet and the coins are not there, I spent them somewhere but I don't remember on what.......we have only 140 coins left."
ozbot: NEO & BEE: THE FULL PICTURE : Bitcoin
bitcoinpete: mircea_popescu: and in at #8 is the bitcoin foundation's annual letter lol
mircea_popescu: there, have at.
ozbot: Bitcoin was written by the retarded, part II pe Trilema - Un blog de Mircea Popescu.
fluffypony: jurov: they're deprecating it
fluffypony: Apocalyptic: hence my #bitcoin-dev question on accounts, I was wondering how "auditable"/visible they were publicly (the answer being not-at-all)
fluffypony: and unfortunately in the case of many an operator in the Bitcoin/cryptocurrency space they don't scale their control measures in line with the money they control
fluffypony: in other words, operators may start off with good intentions, but when they suddenly realise they're sitting on a large pot of gold, are they still trustworthy?
fluffypony: so I pointed out that lending a buddy 200k Dogecoin today is worth a whopping $120, but Dogecoin's market cap is tiny ($44 mil as opposed to $6.2 bil), and would he trust his buddy to not run with those coins if they were worth $17 000?
fluffypony: I think it goes back to a discussion I had with someone the other day - he was espousing the values of the Dogecoin community, and how nice everyone is, and they don't have "scams like Bitcoin has"
ThickAsThieves: you cant remove trust from the problem here
fluffypony: at least not in the traditional sense :-P
mircea_popescu: Duffer1 and then gigaom harps about how coindesk is relevant in bitcoin.
HeySteve: davout, in theory
davout: fluffypony: running away with the pot/cheating -> different problemz
fluffypony: ThickAsThieves: so then what about a hot-wallet, lost roll amounts are sent to a cold-wallet, and the cold wallet is multi-sig, with a board of investors holding keys and the site operator holding keys. payouts happen once every 24 hours instead of immediately.
fluffypony: ThickAsThieves: yeah, so when the pot is big enough he can duck
Apocalyptic: HeySteve, it will improve the illusion
fluffypony: ThickAsThieves: surely the solution should be that all rolls are on a single address, no change addresses?
Apocalyptic: "we do everything possible to make Lavaboom easy to use while keeping the service as secure as possible." HeySteve, you can't have it both ways
chairman_meow: heh. so is there a solution to this?
ThickAsThieves: well in this case, it happens to be the first question i eve rasked in bitcoin
davout: chairman_meow: no, he read the logs
ThickAsThieves: that it doesnt prove the operator isnt stealing?
Duffer1: sounds like this guy is going to pass away in prison like his father
mircea_popescu: the noose tightens.
ThickAsThieves: "Vleisides' finances have been in question for the past several months," particularly because his residence "was recently purchased by BFL for approximately $400,000 in cash.
fluffypony: lol, theymos getting called out on /r/bitcoin now - http://www.reddit.com/r/Bitcoin/comments/23o0hs/an_rbitcoin_moderator_seems_to_be_a_wellknown/
Duffer1: http://arstechnica.com/tech-policy/2014/04/digging-for-answers-the-strong-smell-of-fraud-from-one-bitcoin-miner-maker/
mircea_popescu: in other nonunique news.
ThickAsThieves: i was trying to point people to check out bitcoinpete's expose on maidsafe and they didnt approve my comment
mircea_popescu: Blazedout419 the gauguin ?
chairman_meow: hmm there doesnt seem to be something like just-dice
mircea_popescu: only for the good stuff
ThickAsThieves: we had this habit when i rented with other dudes
mircea_popescu: asciilifeform i thought that's where the us was headed with the garbage disposal things
ThickAsThieves: i always wondered why people dont piss in the sink
ThickAsThieves: it does seem a bit silly when you consider any mail client made for encryption essentially exists to remove the bother of copy-pasting
fluffypony: although probably 95% of my mails aren't encrypted or gpg signed because that would require educating all recipients on how to decrypt them
asciilifeform: it's not unlike toilet in the kitchen.
mircea_popescu: sanity is separating risks not bundling them.
mircea_popescu: this works with all carriers, cause it's not their job to encrypt. their job is to carry.
mircea_popescu: i just encrypt in gpg, everything the same way, and then paste the text in an email.
fluffypony: Mailvelope does GPG in the browser (Chrome only, FF coming) for GMail
ThickAsThieves: isnt there already an opensource pgp mail client?
Apocalyptic: even if it's done locally, you trust google to provide the right js script or whatever
ThickAsThieves: the line is drawn at whether the encryption happens locally or on google servers, right?
Apocalyptic: <asciilifeform> seriously, how much radiation damage someone would need, to swallow this crap // i like the way you put it
ThickAsThieves: then it aint really encrypted :/
mircea_popescu: otherwise, i already use encrypted gmail.
mircea_popescu: Naphex no, gmail was because yahoo sucked and they did mail.
fluffypony: Naphex: they still know what you're searching
ThickAsThieves: the mail context came much later
asciilifeform: 'products bought by other people having your private key...'
asciilifeform: the gurl?
mircea_popescu: poor github. so who's replacing them ?
asciilifeform: then it was found that creatures merely do 'bang-bang correction' when 'solving' the motion equations.
asciilifeform: there was, if i recall, suspicion that higher animals (e.g. dog catching ball) can crunch diff. equations - until high speed photography developed
fluffypony: the three Rs - Reading, Riting, and Rithmetic
gribble: Toyotama-hime - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Toyotama-hime>; Otohime - The One Piece Wiki - Wikia: <http://onepiece.wikia.com/wiki/Otohime>; Otohime - Yu-Gi-Oh!: <http://yugioh.wikia.com/wiki/Otohime>
asciilifeform: 'It would be interesting to do a study on men who need Viagra to have sex with their partners. How many of those same men are able to wank off to porn (whatever variety they like, but most likely it would feature women from the most physically attractive 1%) without chemical assistance?'
mircea_popescu: wouldn't that be the curse of all time.
mircea_popescu: 70 of them, takes two months.
mircea_popescu: "I THOUGHT I WAS SMART. TURNS OUT I WAS JUST ANOTHER LITERATE IGNORAMUS"
fluffypony: which seems great in theory, but as mircea_popescu pointed out it's easy to fake
mircea_popescu: it works worse than the one bit matchbox computer ;/
mircea_popescu: meanwhile back at the other side of mean : "Problem 4 : Permeating all the foregoing and sufficiently so to become a problem in its own right is the incredible arrogance of the recently liberated corporate slavebois working as independent coders. Seriously, start working on the BTC securities trade system of the future without ever having worked for MPEx, without having humbly presented your inept ideas to the most gra
fluffypony: I would've complained about the stack size
asciilifeform: 'the one you deserve'
asciilifeform: push other side, 'ERROR'
asciilifeform: mircea_popescu: solvency-verifier << when i was a little boy, me brother said 'i shall build you a computer.' (he had one, a rarity, i was envious and annoying)
mircea_popescu: fucking bitchslap these idiots with a trout omfg.
fluffypony: they're using Proof of LIabilities
mircea_popescu: so i get 50 btc from 100 users. i spend 4925 of these 5k btc
davout: mircea_popescu: still beats the "specification is useless because code" approach
mircea_popescu: so can i just copy the html page saying success, much coin excess ?
davout: fluffypony: yeah, that's just a clever way to present the data
asciilifeform: one of you told me that the fellow behind 'vault' (argentinian?) has actual brain. so does he keep it in a case, buried in the garden with kalash? or use it for other ventures? because 'vault' doesn't reveal evidence of its use.
mircea_popescu: well sure. marketing to people who went to the same school as you did always works well.
mircea_popescu: this has to be the result of training, methodically making the wrong choice on every turn is not something that can be explained by simple randomness
mircea_popescu: tryin to keep up with all the innovative innovations
Naphex: people can check what balance 'their' cold-wallet has, rawr rawr, everybody's auditing
mircea_popescu: i dunno dood you brought the news. i was askin'
ThickAsThieves: they didnt sign it
mircea_popescu: well in that case they did exactly nothing ?
Naphex: yeah, don't think they signed it yet
mircea_popescu: but.... maybe they made public MY cold wallet ?
Naphex: mircea_popescu: they just made public their cold wallet, so people can check they have the funds
fluffypony: played the iPad one for hours figuring stuff ou
mircea_popescu: HeySteve yeah very competent team there.
asciilifeform: good, might be for sale then!
mircea_popescu: asciilifeform those migs not anymore, because they've been gutted for parts.
asciilifeform: (finding where they sit - exercise for alert reader)
asciilifeform: speaking of which, does any in the pile of MIGs at TSR airport actually start?
asciilifeform: '...a detection unit contains three concealed cartridges, each of which houses eight mice. During their 4-hour shifts in the detector, the mice mill about in a common area in each cartridge as air is passed over people paused in the archway and through the cartridge...'
mircea_popescu: i know right ? i can taste it on them if we're compatible too
asciilifeform: because the device ended up working -without being built-
asciilifeform: it was a good job that my net worth was a few zeroes short of actually building this bugger then.
asciilifeform: and see, if i had this in me pocket, could've found which of the twelve beagles would relay orders to my canine empire.
gribble: You rated user tcatm on Tue Feb 28 12:40:39 2012, with a rating of 2, and supplied these additional notes: bitcoincharts fellow, sold me adspace..
asciilifeform: mircea_popescu: the point of carrying minesweeper isn't usually so you can jump on the best mine.
mircea_popescu: asciilifeform i thought you were just gonna check if they're ovulating
asciilifeform: mircea_popescu: spectrometer << the one fellow who did get a little thorough arsework in the queue at Dulles with me, did in fact pack one!
mircea_popescu: read the logs while at it.
asciilifeform: mircea_popescu: sends daughter to water the pole (ie, pour a bucket of water at base on old wooden pole, no cables there or anything) << engineers call this 'Kansas phone problem' :
mircea_popescu: in the area where someone with 10 years' experience being an aff manager, and whom i can verify worked with programs i know and delivered results, is looking to start a biz.
rammy2k2: oh, simply used them
mircea_popescu: rammy2k2 to be clear, were you working as an affiliate manager for any of these programs you mentioned, or simply used them as an affiliate ?
asciilifeform: ;;rate ThickAsThieves 3 live human, ate synthetic food, jolly good fella
gribble: You are now authenticated for user asciilifeform with key B98228A001ABFFC7
davout: asciilifeform: just be pragmatic, move to romania, there's this beagles pack that patiently awaits its master's return
asciilifeform: that's the problem with systems.
davout: mircea_popescu: the air sample thing kinda contradicts the discussion about how some stuff could be developed to work only in certain places, maybe that's the case for allergies too
gribble: Latitude and Longitude of U.S. and Canadian Cities | Infoplease.com: <http://www.infoplease.com/ipa/A0001796.html>; 107 World cities by latitude: Things line up in surprising ways: <http://www.priceoftravel.com/1063/107-world-cities-by-latitude-things-line-up-in-surprising-ways/>; List of cities by latitude - Wikipedia, the free encyclopedia: (1 more message)
mircea_popescu: course you need a pretty large air sample to get anything usable at the ppb range
mircea_popescu: davout im kinda curious what the difference'd be.
asciilifeform: whatever the crud is, it gives me problems year round here.
ThickAsThieves: ;;rate mike_c 3 Making cool stuff yet to be seen by the masses, ATC supporter
mircea_popescu: most us allergies are allergies to the us.
asciilifeform: other phun phact - the weirdo allergies i suffered since 1995 shut off like a light bulb when i landed in Ro.
ThickAsThieves: ;;rate mircea_popescu 3 MPEx and other businesses, a most reliable voice of reason
asciilifeform: ThickAsThieves: no vamps tho << should've gone with me on expedition at night. i flushed out the wild dog packs that i -knew- existed.
ThickAsThieves: ;;rate kakobrekla 3 pumps the #bitcoin-assets blood, bitbet
Naphex: did mircea take you out to see the vampires and cheeky girls ?:)
fluffypony: ThickAsThieves: that's the worst :/
ThickAsThieves: <+fluffypony> ThickAsThieves: home safe? /// i think the airport gifted me a cold
mircea_popescu: well basically the idea is i need someone with significant experience.
Naphex: bit of a stage fright there i figure
Naphex: its only a 1.30 -> 2h drive to there
HeySteve: I hear what you're saying about the IQ barrier of GPG. we don't aim to replace that, only add to it
mircea_popescu: <HeySteve> well, in terms of WoT there is a time cost to registration with gribble << more like an intellectual cost. this is good, because idiots don't manage to figure out how to do it, which serves us and them.
mircea_popescu: overnight success is the result of fortunate coincidences like that.
Naphex: i never read blogs, or cared much about them
mircea_popescu: anyway, to close that up : perhaps the most lucid of thoise 20-30k idiots is a fellow named cristi parvan. this guy http://www.parvan.ro/
mircea_popescu: even to the logo.
mircea_popescu: not so far off. one of the schmucks made petrom, which is exactly copied after bp
mircea_popescu: then suddenly they ran out of money, the bottom fell out of the market, and the 20-30k or so idiots who really thought there can exist such a thing as a "career in media" upon the basis of which they could like... take bank loans and buy houses and cars
mircea_popescu: and hence, the "suntem pe investitii" expression, which is what said idiots said about their media "empires", for 3-4 years
mircea_popescu: think about it, you give a schmuck 1bn and legal immunity, you'd fucking expect he can pay you 100mn a year for the rest of all eternity.
mircea_popescu: this schmuck was given something to the tune of a few bn usd, and ten years later he had to have a very embarassing 100mn sent to him in the middle of the electoral campaign,
mircea_popescu: one of the best examples is a fellow known as varanul, ie dan voiculescu
mircea_popescu: their investments fared about as well as neobee's, a few degrees of magnitude larger.
mircea_popescu: notably, some of these magnates "invested" in media.
mircea_popescu: one of the edge cases of that moral hazard were idiot "business men" who thought they actually have a clue, but in fact were products of a fortunate environment like that.
mircea_popescu: this resulted in all the moral hazard you might expect, but also into the most fiscally stable country in europe, and with stores of physical gold per capita well above everyone else