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BingoBoingo: TestingUnoDosTre: Also return with information on what happened to the guy who plead out
TestingUnoDosTre: He was freed from them, No?
BingoBoingo: TestingUnoDosTre: What about the charges related to ATT
TestingUnoDosTre: From article" I am here to shift the market cap of publicly traded companies downward by publicizing problems in their technical infrastructure. Very few people manage to do this. In fact, besides the times I’ve done so, I can only think of a handful of other incidents."
BingoBoingo: TestingUnoDosTre: Use this opportunity to return with the narrative
TestingUnoDosTre: Thought they might be a last bastion in th shitstorm which is the US legal sphere
TestingUnoDosTre: In the article it said EFF didn't want to get near the case until appeal was possible. I had higher expectations
TestingUnoDosTre: Ahhh I thought he said he was reaping some short term trades after publishing about these weaknesses
bounce: no, more like told'em to fix it, and they responded with the fbi instead. something like that.
TestingUnoDosTre: And then shorted the stock or sometning?
TestingUnoDosTre: What did he get booked for? Read the article and they mostly talked about trial etc
bounce: apparently there's a "TRO LLC IRC" somewhere
benkay: bounce: what kinds of laws are you writing? and for whom are they?
thestringpuller: lol pankkake why because you can edit files and commit them from the website?
pankkake: otherwise, I know it's planned to be used by gentoo - you need to sign every packaging commit given the sensible nature of it
phf: (it doesn't affect history either)
phf: github doesn't even bother to inform you that there's a signature on the tag, but signed tags seem like a good place to put contracts
bounce was idly speculating on stuffing all law in a SCM, with public diffs. and signed commits by the head of state.
benkay: then git tag -v beta_0
peterl: lol, the scientology of bitcoin, right?
pankkake: ;;rate peterl 1 member of the cult of mpex
peterl: mircea_popescu: there you go
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user peterl: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=peterl | WoT data: http://b-otc.com/vrd?nick=peterl | Rated since: never
gribble: The operation succeeded.
artifexd: ;;later tell bitcoinpete You may want to increase the left margin on your ul,ol under media="all". As it is currently, it prevents your footnote labels from showing more than a single digit.
Apocalyptic: he may be biased but I think he's right about "Ce mouvement vers l’inculture n’est pas français mais international" and the will to make people dumb generally
Apocalyptic: I'm not sure but I read "Nous ne comptabiliserons plus désormais que les mots qui sont bien écrits…" as you just have to write 10 or 20 words correctly to get the full mark
pankkake: the whole website seems to advertise buying gold
mpexbot: thestringpuller: Asks: ['49700 @ 0.00097016', '14441 @ 0.00097133', '14600 @ 0.00097259', '43200 @ 0.00097666', '18750 @ 0.00097667']
mpexbot: thestringpuller: S.MPOE Bids: ['15167 @ 0.00096548', '75 @ 0.00096', '15174 @ 0.00095914', '11090 @ 0.00095019', '1000 @ 0.00095001']
wywialm: btw: that reminded me about another consequence of deflation, which should be obvious: the zero lower bound of interest rates
wywialm: what they should do is to do as-neutral-as-possible QE. Think about it, if you have a bank, and demand for your notes skyrockets, you issue more, not less, right?
wywialm: and they are cowardly, i believe, as they could push interest rates lower even in their imperfect framework
wywialm: they only use interest rate policy, which is veeery far from efficient
benkay: what are their lines of recourse and why aren't they using them?
wywialm: and the same situation is in Poland, official inflation target is 2.5%, we are ~1% and head of National Bank of Poland says he's ok with that
benkay: hey wywialm who actually controls how much money sloshes around the eu?
wywialm: why don't they flood EU with cash, when they have mandate to do it?
wywialm: currently, i'd bet something between 'largely' and 'sometimes'. Have a look at EU, they are heading for deflation, despite their official inflation targets, same in Poland
gribble: The operation succeeded.
gribble: The operation succeeded.
benkay: solely, largely, a lot of the time, whatever
bitcoinpete: wywialm: right, which all means that the losses, as well as the profits, are privatized, whereas we currently socialize large losses
wywialm: benkay, true, but this is a source of rigidity which will impact the real economy
wywialm: and third, most important probably, are network coordination failures. On a reasonably populated market, if the nominal demand (or trade volume) falls, the first enterpreneur to lower prices would not suffer losses due to demand inelasticity
benkay: so the world changes out from underneath you sometimes. one tries to plan and account for these things. sometimes the irresistable force is just completely irresistable.
wywialm: second, there are long term contracts negotiated in terms of monetary unit of account
wywialm: first, there are menu costs and other costs of price adjustments, such as making plans and accounting
bitcoinpete: price rigidity is just another form of tversky and khaneman's anchoring and adjusting
wywialm: (generally, if there were no price rigidity, sharp deflation would be no problem, I believe)
wywialm: there are exceptions to this, grouped under the tag of 'price rigidity', which has many origins and which i'll try to sum up briefly
wywialm: benkay, re: if there's no market for the stuff at the price, the price must move for the stuff to move
TestingUnoDosTre: For example if they own a large amount of btc and want to protect against a big short term drop in value
benkay: wywialm: what part of the world is that from?
wywialm: TestingUnoDosTre, but that's changing the unit of account :)
benkay: wywialm: what's the root of your nick?
benkay: wywialm: if there's no market for the stuff at the price, the price must move for the stuff to move.
wywialm: and then it is not only filtered for value, trade just goes down incredibly - we could go on claiming everything is fine, but then unemployed resources appear en masse
bitcoinpete: so under such conditions, the economy is filtered for value
bitcoinpete: wywialm: from personal experience, when the price is going parabolic, there's little incentive to spend bitcoin when the good or service will be cheaper tomorrow and the need isn't dire
mpexbot: thestringpuller: Asks: ['1292 @ 0.00096466', '14441 @ 0.00097133', '14600 @ 0.00097259', '18750 @ 0.00097667', '19450 @ 0.00097963']
mpexbot: thestringpuller: S.MPOE Bids: ['15174 @ 0.00095914', '75 @ 0.00095266', '11090 @ 0.00095019', '1000 @ 0.00095001', '1000 @ 0.00094501']
benkay: wywialm: it's money as a unit account for the bitcoin holders that matter.
wywialm: not necessarily - after such 'pop' there are usually calls that there was a bubble, but not every falling asset was a bubble previously
ozbot: Computer simulations teaching themselves to walk - Bizarre - YouTube
jurov: pankkake: market will solve that nicely. miners will take the txfee now instead of waiting for expiration
jurov: pankkake: but then everyon knows they are not lost
pankkake: though miners would then be incentivized to REFUSE transactions
pankkake: that person can hoard by moving the coins for free
wywialm: so, withholding money from circulation might have similar effects (and we believe them to be negative) as coin loss?
asciilifeform: nah, only the money of saints benefits economy
wywialm: jurov, do you believe spending of criminals will benefit the economy?:)
gribble: SAT solving - An alternative to brute force bitcoin mining: <http://jheusser.github.io/2013/02/03/satcoin.html>; [ANN] Saturncoin [SAT] - One of the most fast and secure coins ...: <https://bitcointalk.org/index.php?topic=441760.0>; jheusser/satcoin · GitHub: <https://github.com/jheusser/satcoin>
pankkake: bitcoin could work with md4. the goal is to brute force it, so it doesn't matter how broken it is
Apocalyptic: jurov, really the criminal argument coming from you ?
TestingUnoDosTre: There will be, an adequate replacement in 100 years
jurov: and there will be muich bigger changes necessary much sooner than 100 years, you really think SHA-256 will resist so long?
wywialm: so we could analyse economic impact of bitcoin being money, either now or some time later
mpexbot: thestringpuller: Asks: ['8459 @ 0.00096466', '14441 @ 0.00097133', '14600 @ 0.00097259', '18750 @ 0.00097667', '19450 @ 0.00097963']
mpexbot: thestringpuller: S.MPOE Bids: ['11090 @ 0.00095019', '1000 @ 0.00095001', '1000 @ 0.00094501', '450 @ 0.00082', '4000 @ 0.0008101']
bitcoinpete: jurov: good point, hadn't thought of that. oh the wonders of software
jurov: i guess eiteher they will be mined or some protocol to recover 100 years untouched outputs will be agreed upon
numerisTrade: and bitcoins will reach a point when they will be decreasing, due to losses and so on
bitcoinpete: numerisTrade: the irs' ruling of bitcoin as property is actually quite accurate and intelligent. bitcoin is far more like property overlooking central park than the dollars in our pockets
jurov: "they’re incinerating compatibility with upstream with a plasma torch" lol
bitcoinpete: numerisTrade: i imagine that a currency whose supply is decreasing over time wouldn't make for a very good currency. an example of this would be the picassos in the world today. over time, they're lost to fires, floods, irreparable damage, etc. as such, no one defines picassos as currency just as no one sane defines bitcoin as money
numerisTrade: bitcoinpete, would then *steadily shrinking* currency unharmful as well?
benkay: good bad who cares bitcoin is here to kick the ass of anyone who wants to diddle the number of currency units around
gribble: Currently authenticated from hostmask wywialm!~wywialm@87-207-88-238.dynamic.chello.pl. Trust relationship from user benkay to user wywialm: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=benkay&dest=wywialm | WoT data: http://b-otc.com/vrd?nick=wywialm | Rated since: Tue Apr 15 11:18:52 2014
wywialm: bitcoinpete, we try to abstract from them now. Without this tool no economic analysis would be possible
benkay: bitcoinpete: "whatever is is right" to quote another poet.
bitcoinpete: we can't say that increasing x is desirable because it correlates to increased y without considering the social and political impacts
Apocalyptic: wywialm, not really, the standard definition is the increase of the money supply, or monetary base
mod6: (10:01) <+pankkake> oh I loved BOFH! << me too, the old ones are best imho.
bitcoinpete: wywialm: history would seem to say so. we'll see whether it rhymes this time 'round
wywialm: clearly that's the message of your article, bitcoinpete. I'm asking whether it is "always and everywhere"
bitcoinpete: right, the price of goods and services is decreasing despite the monetary base increasing
Apocalyptic: wywialm, you're using the perverted meaning of inflation I see
bitcoinpete: and the harm as being entirely necessary
bitcoinpete: wywialm: i see the nets being positive
wywialm: in the same way we could call some forms of governments net negative on the economy
wywialm: ok, to be precise: do you believe there are circumstances in which deflation would do unnecessary harm to the economy, its net effects being negative?
bitcoinpete: TestingUnoDosTre: totally. it's the first deterministically scarce asset with a decreasing inflation rate
bitcoinpete: no doubt that a lot of people will be screwed out of pensions and other lofty promises, also little doubt that faux egalitarianism will fall by the wayside
TestingUnoDosTre: For the record, bitcoin is inflating at a rapidly decreasing, defined rate
bitcoinpete: wywialm: as hamlet said: “there is nothing either good or bad, but thinking makes it so."
bounce: that pdf waffles like the fat frenchman wrote it
wywialm: do you believe there may be bad deflation? or good inflation?
TestingUnoDosTre: Why do you think they've been reading assets? Found no quotes UN artcke?
bounce: stopped reading that years ago. the old stuff was good, though.
fluffypony: pankkake: the newer stuff got boring
fluffypony: I used to love TheRegister when it was this slightly obscure British publication that was the only way of following the BOFH saga
bitcoinpete: the register has been reading -assets. ^borkt
mpexbot: thestringpuller: Asks: ['8459 @ 0.00096466', '14441 @ 0.00097133', '14600 @ 0.00097259', '18750 @ 0.00097667', '19450 @ 0.00097963']
mpexbot: thestringpuller: S.MPOE Bids: ['1000 @ 0.00095001', '1000 @ 0.00094501', '450 @ 0.00082', '4000 @ 0.0008101', '3000 @ 0.00081']
TestingUnoDosTre: Complaints to the billionaire,?
TestingUnoDosTre: Kako, you're the owner of bbet?
kakobrekla: right now im in the hotel bar, sipping a double jack.
Apocalyptic: kakobrekla, you're the first that arrived ?
bitcoinpete: kakobrekla: have fun at the conference! i hope to make it next year
fluffypony: I look forward to running it, as long as I can invest in the "company" behind it with BitShares or ProtoShares or whatever-the-fuck-shares
TestingUnoDosTre: Do they have an email, or how do I contact?
fluffypony: bitcoinpete: so when are they launching their decentralised iOS exchange?
gribble: mircea_popescu was last seen in #bitcoin-assets 4 hours, 48 minutes, and 15 seconds ago: <mircea_popescu> i dunno how far i'd trust them to stick with it, but so far it's been encouraging people.
TestingUnoDosTre: They just paid it...
kakobrekla: oh and btw, since im the first, greetings from Romania.
TestingUnoDosTre: They're gonna pay everybody though. Says resolved!
gribble: The operation succeeded.
kakobrekla: well check then
kakobrekla: is the timestamp of your bet on bitbet after the event or before?
TestingUnoDosTre: I submitted a bet that had 1 confirmation prior to bitstamp going to 525and they're trying to refund
mjr_: what happened to the options on mpex?
kakobrekla: wtf is with the log.
TestingUnoDosTre: I had a bet submitted with 1 confirmation before event occured, and they're trying to refund me
TestingUnoDosTre: I just got robbed on a bet close to the timeline
bounce: donald rumsfeld complaining the tax code is too complex. what'd he try and do about it when he had the chance?
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
mjr_: I have almost no standing in the WoT
Josh_Rossi: does that make the warning go away?
gribble: Currently authenticated from hostmask mjr_!~Thunderbi@190.105.171.186. CAUTION: irc nick differs from otc registered nick. Trust relationship from user benkay to user Josh_Rossi: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=benkay&dest=Josh_Rossi | WoT data: http://b-otc.com/vrd?nick=Josh_Rossi | Rated since: Wed Apr 16 12:44:36 2014
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user mjr_: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=mjr_ | WoT data: http://b-otc.com/vrd?nick=mjr_ | Rated since: never
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user mjr: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=mjr | WoT data: http://b-otc.com/vrd?nick=mjr | Rated since: never
mjr_: I used to have a script that would authenticate me when i sign in
artifexd: There ya go.
gribble: Currently authenticated from hostmask mjr_!~Thunderbi@190.105.171.186. CAUTION: irc nick differs from otc registered nick. Trust relationship from user assbot to user Josh_Rossi: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Josh_Rossi | WoT data: http://b-otc.com/vrd?nick=Josh_Rossi | Rated since: Wed Apr 16 12:44:36 2014
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
gribble: Currently authenticated from hostmask mjr_!~Thunderbi@190.105.171.186. CAUTION: irc nick differs from otc registered nick. Trust relationship from user assbot to user Josh_Rossi: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Josh_Rossi | WoT data: http://b-otc.com/vrd?nick=Josh_Rossi | Rated since: never
gribble: Currently authenticated from hostmask phf!~phf@unaffiliated/phf. Trust relationship from user benkay to user phf: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=phf | WoT data: http://b-otc.com/vrd?nick=phf | Rated since: Thu Jan 2 22:27:02 2014
mjr_: what is gribble expecting for the verify part
mjr_: what is the command again?
gribble: Error: "authenticate" is not a valid command.
mjr_: ;;authenticate
mjr_: what is the command?
gribble: The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation: http://gribble.sourceforge.net/
gribble: User 'Josh_Rossi', with keyid C286BB96FE9B6CD3, fingerprint 3812AFD43A6B8A057F37D858C286BB96FE9B6CD3, and bitcoin address 1LokQrHj14NU93tC6pZfTZyyRHhAVakQmX, registered on Sat Mar 9 18:38:35 2013, last authed on Sat May 11 08:47:37 2013. http://b-otc.com/vg?nick=Josh_Rossi . Currently not authenticated.
mjr_: I believe in the WoT I am Josh_Rossi or JoshRossi
gribble: Currently authenticated from hostmask benkay!~user@71-214-87-217.ptld.qwest.net. Trust relationship from user mjr_ to user benkay: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=mjr_&dest=benkay | WoT data: http://b-otc.com/vrd?nick=benkay | Rated since: Sun Mar 10 13:57:45 2013
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user mjr: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=mjr | WoT data: http://b-otc.com/vrd?nick=mjr | Rated since: never
mjr_: i am in the WoT
gribble: Currently authenticated from hostmask numerisTrade!~numeris@87-207-88-238.dynamic.chello.pl. Trust relationship from user BingoBoingo to user numerisTrade: Level 1: 1, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=BingoBoingo&dest=numerisTrade | WoT data: http://b-otc.com/vrd?nick=numerisTrade | Rated since: Thu Apr 3 07:04:18 2014
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user theymos: Level 1: 0, Level 2: 0 via 2 connections. Graph: http://b-otc.com/stg?source=assbot&dest=theymos | WoT data: http://b-otc.com/vrd?nick=theymos | Rated since: Mon Nov 8 13:36:30 2010
pankkake: ;;gettrust assbot theymos
gribble: Currently authenticated from hostmask phf!~phf@unaffiliated/phf. Trust relationship from user benkay to user phf: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=phf | WoT data: http://b-otc.com/vrd?nick=phf | Rated since: Thu Jan 2 22:27:02 2014
benkay: mjr_: you're not in the wot!?
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user mjr_: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=mjr_ | WoT data: http://b-otc.com/vrd?nick=mjr_ | Rated since: never
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user mjr: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=mjr | WoT data: http://b-otc.com/vrd?nick=mjr | Rated since: never
rithm: which is broken because you have no way to idetify the person you communicate with on that forum
rithm: yes, and now there is some half assed trust system
TestingUnoDosTre: I believe they stopped using them officially
rithm is just curious what the actual real world consequences of a bitcointalk.org scammer tag are
rithm: sorry, i mean thermos, he goes by thermos now
rithm: is theymos a scammer?
rithm: does a scammer tag on the forum have nay relevance at all?
rithm: foum is full of them
rithm: and others not at all
ozbot: The Bitcoin Drama Timeline pe Trilema - Un blog de Mircea Popescu.
TomServo: TestingUnoDosTre: 9 September 2012 Matthew Neal Wright (mentioned above) had been offering interested parties bets on whether the Bitcoin Savings and Trust will fail or not. Numerous people took the bet, MNW failed to pay out when the collapse of that Ponzi scheme became fact. Consequently scammertagged in the forum.
bounce: ... the butler did it
TestingUnoDosTre: I'm just beginning to read the mathew n Wright forum. Anyone want to give me a summary of the ending first?
gribble: Currently authenticated from hostmask numerisTrade!~numeris@87-207-88-238.dynamic.chello.pl. Trust relationship from user assbot to user numerisTrade: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=numerisTrade | WoT data: http://b-otc.com/vrd?nick=numerisTrade | Rated since: Thu Apr 3 07:04:18 2014
nubbins`: only if they're thin and green
nubbins`: too complicated, can't we just share all this stuff on the network drive?
nubbins`: "does PGP public-key encryption still meet today's enterprise demands, given the rise of cloud computing and mobile?"
asciilifeform: mircea_popescu: weev article << 'TRO LLC (yes, the troll corporation), based in generating actionable financial intelligence from the computer underground. The primary strategy will be short equities' << poor sod, sits in usa, waits for nailgun.
mpexbot: thestringpuller: Asks: ['23988 @ 0.00097649', '18750 @ 0.00097667', '3846 @ 0.0009779', '19450 @ 0.00097963', '24900 @ 0.00098016']
mpexbot: thestringpuller: S.MPOE Bids: ['1599 @ 0.00097149', '15602 @ 0.00096589', '7100 @ 0.00095965', '9100 @ 0.00095903', '1000 @ 0.00095001']
TestingUnoDosTre: Assembly is such a wise ass. Its like yah dude I know the deal, I'm in here eryday
mircea_popescu: i dunno how far i'd trust them to stick with it, but so far it's been encouraging people.
mircea_popescu: pankkake earlier this small island in the channel said it won't impose regulations
ozbot: 'PGP' encryption has had stay-powering but does it meet today's enterprise demands? - CSO | The Reso
dub: oh, then write it on a hotdog and throw it up the hallway that was his ass
mircea_popescu: hey how the hell is rithm voiced! scam!
BingoBoingo: May BTC appreciate enough in the next year that one of these and colo be covered by the endowment http://www.newegg.com/Product/Product.aspx?Item=N82E16816101836
BingoBoingo: It has been slow this past hour or so on the control panel, but the web side was responsive.
fluffypony: BingoBoingo: my nick / name wasn't mentioned on the post, except in the screenshot of the thread, so discovery would've been tricky
fluffypony: DuckDuckGo, then
fluffypony: or there could be an alert service
fluffypony: maybe mircea should email people he blogs about so that they know
BingoBoingo: Finding the important stuff takes time.
BingoBoingo: fluffypony: You remember the title better than I... ;;google title
fluffypony: how old was the trilema?
BingoBoingo: Well, this stuff has to be in the logs for future reference. I mean how old was the Trilema when she took the pic?
fluffypony: not since the last time someone insulted her
BingoBoingo: Tell anyone new to fuck themselves recently?
BingoBoingo: fluffypony: How's the wife?
BingoBoingo: "They will not indict you because you are a bad operator. They will indict you because you are there. I overturned my verdict only because I am an asshole. "
BingoBoingo: "Weev: One can abandon their citizenship in a tyranny for more reasonable shores. That’s about it. “Three Felonies a Day” is a great book explaining the commonplace reality of capricious indictments."
BingoBoingo: fluffypony: Like MNW? In his case there is no way to know that he ever had a stash.
fluffypony: I wonder if guys like that hoard their stash or end up living the high life for a few months before being broke?
BingoBoingo: HeySteve: Honestly the biggest plus of bitcoin is that it compels WoT
fluffypony: but there's literally no other reason to trust them than they have a couple of months of not screwing anyone over
fluffypony: and because they've paid back they're considered trustworthy
fluffypony: they lend 5-10 times, various amounts
BingoBoingo: numerisTrade: For the time in the interim I offer you the ability to self up so that you can answer questions on your lending venture and establish value with others or undertake some sort of risk to honor.
fluffypony: what's interesting about WoT vs. something like BTCJam's profiles is that WoT makes the long-con substantially more difficult
HeySteve: thanks you trusted me for about $500, I will return the favour
fluffypony: or even changing their rating to negative based on their observation of it
BingoBoingo: fluffypony: Well coming and asking is the ony way a WoT works.
fluffypony: it seems to me that it should be the latter, but all too often it's the former
BingoBoingo: fluffypony: I mean people can /ignore, but if the person who socially engineers trust for the purpose of spamming gets to self up, the only recourse is for the L1 to remove their trust or themselves be dropped
fluffypony: or will they, BEFORE trading/borrowing/whatevering, come to you and say "why do you trust X?"
fluffypony: will those scammed come back to you and say "I trusted X because you trusted them!"
fluffypony: if the newcomer ends up being a scammer, for instance
BingoBoingo: But on the matter of +m being a thing, isn't the person with L1 trust offering a chance at L2 trust taking a substantial risk
fluffypony: until the baseline has moved
fluffypony: which means the educated user won't trust way beyond that
fluffypony: and the amount will surely be mentioned in the rating
fluffypony: and the WOT will link the new party back to you
BingoBoingo: fluffypony: Well, what if the newcoming party is especially new?
fluffypony: and the risk to both parties is minimal
fluffypony: BingoBoingo: I like the idea
BingoBoingo: numerisTrade: My waking hours as well as my online hours can be rather unpredictable even for myself. If you can find and event and we can agree to it before it plays I'd be amenable.
joecool: Matthew N. Wright is a former Republican member of the Pennsylvania House of Representatives.
HeySteve: another scammer from old times?
fluffypony: a blight on the Bitcoin landscape
fluffypony: MNW = Matthew N. Wright
numerisTrade: ok, I'll prepare something. If you aren't on the channel then, I'll leave you a message, I'll be on the channel up till 21:00 GMT, or we'll meet tomorrow same time as today
BingoBoingo: I'd also be open to considering sports where you might have the knowledge advantage provided you can specify a decent resolution source.
BingoBoingo: Since this is a kind of novel thing it may be best if we keep the stakes low at 0.01 BTC simply because unescrowed bets have such a poor history in BTC so far thanks to MNW
BingoBoingo: numerisTrade: I may not be awake then, but if I am I would still be amenable.
BingoBoingo: 5) If you win the bet you get coins and lended trust, or you lose and pay for trust for being a person of word in this matter
BingoBoingo: 2) I pick a price for the outcome
BingoBoingo: numerisTrade: Well I was going to suppose something along the lines of:
BingoBoingo: A number of students were shaken the rest of the morning after I broke the news
numerisTrade: maybe some other example?

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