fluffypony: used the bitcoin-otc link
fluffypony: so there's this sub-reddit called dogeillionaires, for dogecoin holders with over 1 mil dogecoin (1.2 BTC or so)...so I grabbed dogeillionaires.com, and the sub-reddit creator threw a tantrum because I'm cybersquatting and I'm making a power play (wtf)
mircea_popescu: benkay im not a nazi, i can tolerate polite people just like i can tolerate homosexuals. just as long as they don't try to persuade me we're fine :D
mircea_popescu: The filter is gone now, and we'll look to have full human moderator coverage in future. << paid for... wait for it... REDDIT GOLD!!1
benkay: as me ma sed 'manners aren't about making people feel good. they're about plausible deniability.'
mircea_popescu: benkay so the hope goes.
benkay: troll who can master gpg probably realizes they can actually do stuff and gives up trolling to make a living
mircea_popescu: so particular stuff doesn't end up in the log anymore. so no more log messages, so problem fixed.
mircea_popescu: this is not unlike "fixing" problems by setting a filter before the log
cgcardona_: fwiw the bitcoin discussions on the /r/bitcoin subreddit are pretty bad. I bet it brought out the super trolls to the /r/technology subreddit. still yea it's pretty bad
mircea_popescu: eh radom cyphertrade expert opining on shit as if the fecal content of his cranial cavity is now worthy of consideration.
mircea_popescu: mrstickball other than that, you have no fundraising options. stfu, lurk for the next year, come back not sounding like an offensive jerkoff.
fluffypony: I swear I'm going to do an IPO on the forum and call myself Bitcoin_Hipster and talk about how I was into everything before it was cool
mircea_popescu: Namworld either that or stop reading forum derpage :p
fluffypony: the rest of the "IPO" is basically "send us 100 BTC and we'll pay dividends. we promise."
Namworld: I wasn't aware I did. I must not have gotten the news. Maybe I should stop repayments and go fill in for bankruptcy then?
fluffypony: mircea_popescu: "We were here during the rise and fall of BTC-TC and during the fall of BitFunder. We saw Ukyo and Namworld default and we saw the TradeFortress long con come to its conclusion. We witnessed Deprived return from the dead and disappear again. We have watched Hannah say "see here" about once for every hour of every day in a year. We saw Labcoin meltdown and ActiveMining fade."
fluffypony: and the lurkers saw it
mircea_popescu: mrstickball: What supports S.MPOE's valuation? It looks like annual dividend is 1%, and there is no volume outside of S.MPOE itself << this is a very old discussion. you can start with 2012 : http://trilema.com/2012/is-smpoe-really-worth-that-much/
nubbins`: tbh it took me forever to realize that l2 + ratings were limited by your rating of the l1 intermediary
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
nubbins`: there are no dw questions, just dw people
mircea_popescu: cgcardona_ you can only rate someone directly. but we're discussing the impact of your ratings from assbot's pov
gribble: WARNING: Currently not authenticated. Trust relationship from user nubbins` to user gigavps: Level 1: 0, Level 2: 1 via 4 connections. Graph: http://b-otc.com/stg?source=nubbins%60&dest=gigavps | WoT data: http://b-otc.com/vrd?nick=gigavps | Rated since: Fri Nov 11 14:47:27 2011
cgcardona_: can't you just make it a l1 connection and rate them directly?
mircea_popescu: kakobrekla a l2 connection can not pass more trust (either + or -) than the l1 connection.
kakobrekla: the logic does not seem apparent
kakobrekla: then how it works is weird.
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user cgcardona_: Level 1: 0, Level 2: 2 via 4 connections. Graph: http://b-otc.com/stg?source=assbot&dest=cgcardona_ | WoT data: http://b-otc.com/vrd?nick=cgcardona_ | Rated since: Sat Apr 12 18:04:35 2014
nubbins`: mircea_popescu: according to these stats, you don't shut up :D
kakobrekla: depends if you and gribble have another common channel
mircea_popescu: cgcardona_ listen, im going to negrate you. then you part channel, join it again and try to up yourself with assbot.
gribble: Currently authenticated from hostmask cgcardona_!~cgcardona@cpe-75-85-131-223.hawaii.res.rr.com. Trust relationship from user assbot to user cgcardona_: Level 1: 0, Level 2: 3 via 3 connections. Graph: http://b-otc.com/stg?source=assbot&dest=cgcardona_ | WoT data: http://b-otc.com/vrd?nick=cgcardona_ | Rated since: Sat Apr 12 18:04:35 2014
cgcardona_: awwww yea I'm in the top 20 for the last 7 days! (not sure if this is a good thing or not)
mircea_popescu: who has a +1 in the assbot wot and volunteers for a little experiment ?
mircea_popescu: benkay: i imagine they'd not be able to !up any more. << this should be tested.
kakobrekla: fine, ill just ban the conference attendance.
nubbins`: they make planes in canada? :D
mircea_popescu: i hope they at least offer 7% a week.
mircea_popescu: this is such a novel idea that worked out so well for all the previous experts.
mircea_popescu: "We profit from disparities in the demand curves for bitcoins on separate cryptocurrency exchanges."
kakobrekla: mircea_popescu they are too big for wot!
mircea_popescu: "The two Symmetric Step partners have been "lurkers" on this forum since mid 2013. "
mircea_popescu: "Flight attendant informs me electrical outlets don't work when the "Fasten Seatbelt" sign is on. Explains, "The plane was made in Canada.""
gribble: The operation succeeded.
mircea_popescu: kakobrekla hey there >D
bounce: nicely useless accompanying message. about as useful as the usual redmondian "help" message
bounce: how long ago was that, then?
kakobrekla: so i gave him a big hot pan, for the fish, you see.
kakobrekla: this was posted in garrs thread after he said that i should stop with the slander and that he has bigger fish to fry.
kakobrekla: cause they are retards
fluffypony: why did they delete that post?
nubbins`: saw the car behind me was lagging, figured he saw me
nubbins`: funny thing is, i'm always careful to brake and indicate early at this spot, because people always take the hill really fast
nubbins`: the bumper cars comment was in relation to the fact that i managed to release the brakes before he hit me
TestingUnoDosTre: This was a real car, not bumper cars? Thought you were just joking for a second there
TomServo: If my driver's window would've been open I bet my leg would've been sticking out. I was all rearranged in there.
nubbins`: i managed to take my foot off the brake before we made contact, which i think helped avoid the worst of it
TomServo: how fast were they going?
TestingUnoDosTre: Next article is about greencoin, the newest neatest coin that requires 1/10th the energy to mine
fluffypony: nubbins`: that sucks - their fault, though
TestingUnoDosTre: The world's most secure asset registry uses electricity! !!
jurov: they forgot to apply securities regulations, too
jurov: yes, you can even put it into the -otc order book
fluffypony: davout: it was registered 4 months before bitcoin-central, so you'd probably have to go the trademark route + bad faith or demonstrate that you announced the name somewhere and the act of registering the domain was cybersquatting+bad faith use
benkay: fluffypony: welcome to the circus.
fluffypony: bounce: what in actual fuck do they need 70 people for to build a mobile payments app?
TestingUnoDosTre: The decreasing timeweight would mess with everyone else but me that tried to value the option
TestingUnoDosTre: No no because I would bet immediately, the betting would close, and say one week later the price may drop, and I could sell shares of No for more than at beginning
fluffypony: davout: maybe it's worth doing a UDRP for the domain, it meets the "bad faith" element by pointing to a competing service?
pankkake: during the 2000s internet bubble I loved the French website "vakooler" (fancy way of writing "going to sink")
numerisTrade: TestingUnoDosTre, as I understand it, the decreasing timeweight would punish your lock-in profits if it's linear to 0 in a one week frame
davout: the main reason i dislike jeremias kangas is the fact he hijhacks bitcoincentral.com to localbitcoins.com
fluffypony: they're pushing that retarded symbol hard
fluffypony: davout: http://www.coindesk.com/blockchain-info-acquires-bitcoin-com-domain-name/ - "Previously the domain was used by Coinbase a customer acquisition channel."
davout: fluffypony: do they? source?
davout: bitcoin.com belongs to the folks that bought bitoinica
davout: TestingUnoDosTre: like in the butt, by surprise
fluffypony: davout: XSS then?
TestingUnoDosTre: I would initially gage an option, bet on it, then sell off some of it to lock in profit
davout: fluffypony: i doubt hb has been actively exploited in the wild, can be wrong tho
fluffypony: davout: I'll fathom that they had logins etc. scraped when they were Heartbleed vulnerable, and the attackers waited till now to use them
numerisTrade: TestingUnoDosTre, what would be the purpose of such bet construction?
TestingUnoDosTre: Could accomplish what I was saying with the continuous
TestingUnoDosTre: Thought it would be neat if the timeweight started at like 7, then ticked down one each day
TestingUnoDosTre: Allow for like one or two weeks of betting and close the bet early
TestingUnoDosTre: Other thing I wanted to do was to lower the initial timeweight in attempt to make it jump discretely
numerisTrade: the content of the bet was of secondary importance, the most important part was it being unescrowed
TestingUnoDosTre: Just curious, did bitbet offer bets without timeweight in the past?
numerisTrade: ;;rate BingoBoingo 1 one bet settled + he runs thedrinkingrecord.com
mrstickball: no, its my fault on not having all the stuff handy on my new PC
mrstickball: so much harder when you haven't authed with Gribble in a few hundred days..
mrstickball: there
gribble: Currently authenticated from hostmask mrstickball!uid14687@gateway/web/irccloud.com/x-eektlejeeyngkrhe. Trust relationship from user Mrstickball to user Mrstickball: Level 1: 0, Level 2: 3 via 3 connections. Graph: http://b-otc.com/stg?source=Mrstickball&dest=Mrstickball | WoT data: http://b-otc.com/vrd?nick=Mrstickball | Rated since: Fri Jul 5 18:09:54 2013
TestingUnoDosTre: Do miners take a while to shut off old rigs after diff change, or are they usually ahead of the curve?
mrstickball: the last client I had was 0.8.5 and they changed the UI significantly. I found the OTC address.. now just to get Gribble to verify it which its being a pain
benkay: let the man work through his wallet issues, eh?
TestingUnoDosTre: Did that work there? Didn't see an assbot response
pankkake: in the GUI
TestingUnoDosTre: So true. Apparently they tried to bust some miner
TestingUnoDosTre: There was one mircea_popescu' earlier
gribble: WARNING: Currently not authenticated. Trust relationship from user pankkake to user mrstickball: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=pankkake&dest=mrstickball | WoT data: http://b-otc.com/vrd?nick=mrstickball | Rated since: Fri Jul 5 18:09:54 2013
pankkake: besides the ones trolling Legitimate Companies on Bitcointalk
pankkake: TestingUnoDosTre: it's my joke bot. what other fake MPs are you talking about?
benkay: i can't tell if it's actual antisemitism or 'join us or else the jooz die' antisemitism
TestingUnoDosTre: What was with the fake MPs in here today
pankkake: https://bitcointalk.org/index.php?topic=473710.msg6269549#msg6269549 … and now he edited them
cgcardona_: i've only just started reading about it but it seems like they are just launching a buggy testnet
jurov: benkay: in what stage ethereum actually is?
benkay: that means i have to actually sink my head into ethereum.
benkay: i'd like to do one on ethereum too
artifexd: cgcardona_: http://cascadianhacker.com/blog/2014/02/09_bitcoiners-upset-at-apple-understand-neither-apples-business-model-nor-bitcoin.html <- my favorite benkay post
benkay: you're free of course to put whatever you want in the rating field, but i'd prefer to have cascadianhacker.com in there than survantjames.com
benkay: mindless blathering
cgcardona_: am checking out the cascadian hacker site now. nice work.
mrstickball: eh, guess I forgot that you can sign without getting the chain
mrstickball: I gotta re-download the blockchain on this new PC
mrstickball: I can probably put a few hours in to get the WP frontend back up
mrstickball: the backend of FADE is well over that
benkay: i'm sure you understand the tradeoffs.
benkay: course, you could also hire someone across the ocean for 10/hr.
benkay: fixed bid's another story, though.
mrstickball: I wouldn't mind hiring someone to re-do BuyAHash and make it look a lot cleaner, but I'm unsure what the costs on that'd be for a full re-do of the frontend (the backend at least from my interactions are ok)
mrstickball: there you go
ozbot: Bitcoin and the Three Laws of Robotics | Lets Talk Bitcoin
cgcardona_: http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/#.U1AHcOZdVUV <--- interesting read comparing Bitcoin (big B) with DAC
mrstickball: BuyAHash among others
mrstickball: Its not fun in the least
mrstickball: (and my wife is building a candle factory over the next few months, so I'm having to help her learn all the compliance steps)
mrstickball: I wish all hiring was that easy. But its not, and that's why I think regulation/compliance is such a huge cogwheel in the American economy.
mrstickball: I can write someone a check and 1099-em at the end of year... No real compliance or paperwork
benkay: what do you do that insulates you from the employee/contractor confusion?
benkay: seems like a thing largely out of the control of anyone
benkay: ah the ol' regulation lays most heavily on those unable to escape it
TestingUnoDosTre: Here's the comment I liked" Second, they look at it from the US/European point of view. If you look at it from a global level, there is a lot less global inequality now than in the 50s and 60s. The income of Americans then was over 100 times greater than the Chinese. Now it is merely 6 times greater. 1,000,000,000 people have been lifted out of poverty into the middle class in the last 15 years. That is more than
mrstickball: regulatory burden ensures that larger businesses / those with access to more capital can reduce their burden and utilize economies of scale to leverage better positions against the small business and poor
mrstickball: when the average factory has $15,000 in compliance costs in the US, what do you think they do?
mrstickball: you want the US tax code by pages?
mrstickball: he cites deregulation as a potential cause of inequality, yet the reality is the EXACT OPPOSITE
mrstickball: you can't compare inequality from the 10s and 20s to today simply by looking at inequality x income
TestingUnoDosTre: I'll read the book. Love formatting my own opinion
mrstickball: the book is arguing a point without context
benkay: mrstickball: get past the krugman slant. let me know what you think about the book under review.
mrstickball: he was praising it for its call to tax the rich more
benkay: cracks me up that y'all would rather harp on krugman than derp through his review of a book written by someone else.
fluffypony: so we should scroll straight to the comments and write "le bitcoin army is here!!!111one" ?
TestingUnoDosTre: That's the whole thing. Its a book review
benkay: mrstickball: let me know when you get to the part where krugman reviews a book someone else wrote.
fluffypony: I honestly haven't really looked at Ethereum
TestingUnoDosTre: And what's with the fake MPs today?
pankkake: it disconnects and never comes back, and it happens in the irc lib, and I never got around figuring why
TestingUnoDosTre: What does ethereum actually do? Has anyone seen a result compared to promises?
fluffypony: ethereum is amazing!
pircea_momescu: pankkake ethereum is a scam !
pankkake: is ethereum a scam?
benkay: distributed autonomous corporations are the pipe dream of nerds who've never incorporated or run any business.
mrstickball: there are so many weird coins out
TestingUnoDosTre: Did you inspect all the bills?
gribble: http://www.urbandictionary.com/define.php?term=CIM | Upload a picture of Cim. 2. cim. Cum In Mouth. Meaning ejaculation of the man's sperm into anothers mouth. This may or may not be followed by the swallowing ...
mrstickball: I knew the person. He needed BTC. He did CIM via express, got here OK
cgcardona_: : has anyone actually used a btc atm? I've not used one yet. they didn't have any in SF before I left.
fluffypony: there we go
gribble: http://www.urbandictionary.com/define.php?term=CIM | Upload a picture of Cim. 2. cim. Cum In Mouth. Meaning ejaculation of the man's sperm into anothers mouth. This may or may not be followed by the swallowing ...
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user mrstickball: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=benkay&dest=mrstickball | WoT data: http://b-otc.com/vrd?nick=mrstickball | Rated since: Fri Jul 5 18:09:54 2013
mrstickball: the reason I ask is due to my contract with a major US PC retailer that wants to sell bitcoin/litecoin products
mrstickball: as the ATM owner/operator?
mrstickball: what's the cost right now on an ATM?
fluffypony: everyone raves about how many Bitcoin ATMs there are and that are coming
TestingUnoDosTre: How much money do you think the bitcoin atm business is worth? Very hard for me to judge
benkay: that's what's in the btc smartphone market.
fluffypony: them and StrongCoin
fluffypony: Blockchain's wallet seems to be about the biggest
fluffypony: they've gotten more than enough volume, they won't get significantly more than they have, surely?
TestingUnoDosTre: Long live the long con
benkay: it's just a damn fog of scam out there
fluffypony: I don't think they're all inherently scammy by default
benkay: who are these big ones, TestingUnoDosTre ?
TestingUnoDosTre: Lots of trust out the door. Probably cheap coins for sale though
TestingUnoDosTre: Yes, it's going to be sad when some of the big ones start to fall
benkay: perhaps even some btc can be extracted from the morons swimming in that sea.
fluffypony: TestingUnoDosTre: every few weeks there's someone selling an aged forum account...ON the forum, and people complain about it and promptly are told that it's allowed
TestingUnoDosTre: It took me a while to realize the forum is %100 propaganda or regards. Even after I read that accounts could be purchased in bulk
benkay: oh the forum
fluffypony: "Bitcoinner says: February 10, 2013 at 7:50 pm That stock exchange is horrible, the PR person on bitcointalk acts like a retard. They host porn on the same server they host the exchange from. STAY AWAY FROM THIS EXCHANGE!!!"
fluffypony: TestingUnoDosTre: true, but I doubt 95% of them even consider that
TestingUnoDosTre: Well there's also an advantage to receiving bitcoin outside of an" established" exchange. I think this is somewhat true
fluffypony: I think the bottom line is that it's fallatious to fault a company that sees an opportunity to sell shovels in a gold rush
benkay: except that the implication (never stated) of these asic vendors is that you might make some money with it.
fluffypony: doesn't make the vendor questionable per se
fluffypony: benkay: sure, and some people want to take home a bit of the sphinx, even if it's all an illusion
benkay: "buy a souvenier! take home a bit of the sphinx!"
benkay: it's like that guy next to the important place with a cart full of cheaply made crap
TestingUnoDosTre: What about knc. Coulnt their product have actually worked out initially?
fluffypony: or a few thousand if they're particularly confident in it
benkay: o wait this isn't the exchange thinger?
fluffypony: not the large farms
fluffypony: and whether it's a scam
fluffypony: some of them went from that to a USB Block Erupter
benkay: they don't matter or count.
fluffypony: they bought a Jalapeno, mined for a bit, flipped it on eBay or turned it off when it was no longer covering electricity
fluffypony: you'd be surprised at how altruistic the individual miner is
fluffypony: TestingUnoDosTre: Dogecoin has this "join the Doge Defense Force" thing where people mine with their cards when they're not playing games or whatever to strengthen the network
TestingUnoDosTre: The guy has a business selling rigs that will never roi have a remote chance of roi. You're never going to build a returning customer base
fluffypony: benkay: the other exception I've seen is with GPU rigs mining profitable altcoins, as theres always a new pump-and-dump "ASIC-resistant" scamcoin being touted. drive them hard for 2-3 years or until unprofitable, and then part out the equipment to gamers
TestingUnoDosTre: Just means the diff increase are tapering off
mrstickball: as per the chart I showed you, there's been a steady reduction since the peak in September
TestingUnoDosTre: Because it's quite the opposite
mrstickball: for example.. if you spent $2,000 on a mining rig in April 2013 and $2000 on LTC, and did a buy & hold until, say... December... the rig would have returned far more
mrstickball: its a hedge against the belief it increases
mrstickball: it doesn't affect it until the difficulty change
mrstickball: that was the chart I was looking at
mrstickball: let me pull the chart
mrstickball: rest I own outright including the 500 Grids in front of me
mrstickball: but that is literally the only line of products I've done commission on
mrstickball: let me find the chart
TestingUnoDosTre: So do you have to pay for the miners, or do you just get commission?