Show Idle (> d.) Chans


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mircea_popescu: he'd be much happier in the realm of shadow-holes.
mircea_popescu: the problem with the shadow fuhrer is that he couldn't conceivably find a reason to be bothered with actual holes.
asciilifeform: shadow führer decides that a certain pwnhole has outlived its useful life, decides to create a 'dangle' (i believe this is the english technical term for 'слив')
asciilifeform: nah, of the 'bug' being made public, with catchy name & logo.
asciilifeform: as if there is such a thing as a kitchen with exactly one roach.
asciilifeform: wonder if i'm the only one who automatically thought 'diversion' when the heartbleed crap came out.
mircea_popescu: and should anyone sell and it drop another 50%, why, they'll just hardfork it again
ThickAsThieves: Altcoin still not on the list
mircea_popescu: sure, just as long as the scammers pushing it own 99.99% of it all.
mircea_popescu: it's not clear if they actually owned it or just shill for pay, but after all what the hell's the difference.
mircea_popescu: she works for max keiser. they were pumping it together.
ThickAsThieves: as suspected in the past, they may be satsisfying an urge to gamble, not invest
mircea_popescu: you know this completely blows me away. there's like... 2 assets on hl that didn't lose most of the investor's money, and the total investment in them was... bitcents ?
mircea_popescu: "Amazing: @Chase just cancelled my debit card because a merchant may or may not have been hacked. They didn't call. Won't tell me who."
jurov: oh that was the answer? mkay
bounce: then we'll just have to stick to biblical notions of "round", no?
jurov: kanzure: you should read the comments, numbers are just numbers
bounce: pfft. and there I was, wanting to rate 3.1415927. can't doo that. boo!
mircea_popescu: first off, you don't need fractions, you could just as well increase the max for same effect
kanzure: what is the type of unit for the number i provide to the rate command?
gribble: Error: For identification purposes, you must be authenticated to use the rating system.
gribble: The operation succeeded.
mircea_popescu: ;;later tell novusordo to voice yourself in assets you id with gribble then pm assbot !up
AltcoinAce: and learning before I move up to other stuff
mircea_popescu: AltcoinAce this is the bitcoin assets channel. these are the people. up there are the logs. have fun!
davout: the voice system sort of works like this https://xkcd.com/481/
mircea_popescu: stop giving the frenchie so much voice, you'll wear it out.
jurov: ThickAsThieves: if these S.MG peeps can auth with btc address, i can just add them to list at https://coinbr.com/btct/nampt_1
gribble: The operation succeeded.
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
gribble: Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
mircea_popescu: http://stats.bitcoin-assets.com/ < is it me or is the day of april 12th pretty much giving us the finger ?
gribble: The operation succeeded.
mircea_popescu: ;;later tell justusranvier to voice yourself in -assets you id with gribble then pm assbot !up
gribble: Error: For identification purposes, you must be authenticated to use the rating system.
mircea_popescu: check it out, another "first"
BingoBoingo: lol, I was going to say something about it, but figured it would be more interesting to see when someone else brought up the Dukedoms
mircea_popescu: we gotta start small, work our way up to dukery, not like some other douchebaggery, starting with dukes.
benkay: what fraction of the runup to 1200 can we attribute to the bitlocker virus?
benkay: the term is "bitlord"
fluffypony: benkay: didn't El Reg call mircea_popescu the Bitcoin Baron?
asciilifeform: block all priv msgs. other than from whitelist
benkay: buttcoiners i guess in the meantime
BingoBoingo: benkay: Prolly to early for a label. Wait for some lulzy incedent to reveal the proper term.
bounce: buy up the factory for a song
bounce: or source a large stack of them for parts (and get money to take'em away)
asciilifeform: somewhere, there probably still lives a man who can re-wind a burned yoke.
asciilifeform: bounce: so long as the tube is alive, yes.
bounce: though shouldn't be too heavy on the SMD stuff. ie, reasonably repairable.
mircea_popescu: bounce this is the sort with the power inside
asciilifeform: every nice crt i've ever owned, with or or two exceptions - eventually the raster goes
bounce: "es leuchtet blau" -- which for some reason is not nearly as funny in the original
asciilifeform: mircea_popescu: wiggled the plug?
bounce: and then they come back. regrets.
benkay: wither the egrets though
bounce: "this way to the egress"
asciilifeform: benkay: i've given up - the man's a broken record.
mircea_popescu: i mean the original author sorta managed to get himself excreted, for this reason. what is it, like self loathing ?
asciilifeform: <asciilifeform> you started out suggesting wifi and ssl. in the channel. now buzz off.
asciilifeform: <robwizz22> complete lie, meant to play on people's recognition of the word "heartbleed bug" without knowing what it is. There is no SSL anywhere within 100 miles of a Cardano, nor did I ever mention it. You seem to be playing off of your audience's ignorance. Is this really want you want to be doing with your life? Selling snake oil? Being a fraud?
asciilifeform: <robwizz22> the shelf usb storage to store a private key and pass phrase). You are lying about its benefits. You've come up with something absolutely and utterly useless. If it's a scam, good job. I like how you spread FUD about me trying to "introduce heartbleed" (which doesn't make any sense - the Cardano is a USB device) when I pointed this out. You obviously are smart enough to know that is a simple a
asciilifeform: <robwizz22> Just so you know, I am an individual like you - NOT with any organization. I am not in any way associated with the NSA or other organization. On the other hand, you seem to be following their M.O. and trying to weaken security. You are basically simply committing fraud. What you've designed to date is totally useless and 100 times less secure than not buying any such device at all (i.e. using o
mircea_popescu: denny didn't have the right ceocut.
bounce: it's the small things that mark you part of the pack
bounce recalls some discussion about deep purple laughing about a bunch of others because they were so "out of tune with what was happening in londen at the time" -- due to having the wrong haircut
ThickAsThieves: "The words hep and hip are of uncertain origin"
mircea_popescu: that hipster sarcasm is the worst fucking cry for help i ever heard.
bounce: ``During the jive era of the late 1930s and early 1940s, African-Americans began to use the term hip to mean "sophisticated, fashionable and fully up-to-date"'' -- https://en.wikipedia.org/wiki/Hippie_(etymology)
ThickAsThieves: potheads with style
ThickAsThieves: wouldnt that make them something else?
bounce: plenty places have their own distinct subcultures. japan seems to have fscktons of kinds of hipsters.
ThickAsThieves: and the reason i'm cooler is because i say so and i want to be
bounce: from what little I've seen the dress code is quite amazingly strict, though.
mircea_popescu: i think you may be on to something there.
mircea_popescu: also omfg you & your friends may be the hipsterest people i know
mircea_popescu: and then come up with fancy ways to dress that shit up
mircea_popescu: benkay so apparently you hang out with peopple who believe whatevert they don't understand doesn't really exist
mircea_popescu: so it's a case of the newspaper memory hole imo
Duffer1: it's nice to see recent havelock scams falling flat on their faces
mircea_popescu: but since the new rules you HAVe been talking a lot
Duffer1: only 11152 short of their goal
ThickAsThieves: oh lol, theyre way cheaper on HL
ThickAsThieves: i guess i could xfer some to HL and get them to coordinate, but then, really it may be easier to just buu them on HL
ThickAsThieves: offer to sell into bids for them?
ThickAsThieves: should i tell them to CoinBr? or?
ThickAsThieves: but do not run the PT anymore
ThickAsThieves: I have them on MPEX
ThickAsThieves: now they want them
ThickAsThieves: question for you guys, I have someone that never claimed their S.MG PT shares on Havelock
kakobrekla: if you dont find it worth of typing !up, the content is not worthy of polluting this chan with
Anduck: kakobrekla: then again, is that the purpose of this channel
kakobrekla: take the fame and chicks.
Azelphur: fair enough then I suppose, not as bad as I thought, only thing that would be nice is having it automate the entire process :)
kakobrekla: and if you up yourself, you can up others, not otherwise
kakobrekla: then it does not have a timer
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user Azelphur: Level 1: 0, Level 2: 4 via 4 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Azelphur | WoT data: http://b-otc.com/vrd?nick=Azelphur | Rated since: Mon Apr 9 00:11:58 2012
kakobrekla: *for the duration of session
Azelphur: I could understand accountability (no +v if you're not gribbled, or requirement of WoT ratings) but the messaging every 30 minutes is very bizarre.
Azelphur: yea, it's coincidence more than anything else, there's been a few times I've typed stuff in here, had it dropped because of +m and gone to speak elsewhere instead
kakobrekla: benkay that not a bug that just retards in the playground
Azelphur: I haven't bothered to talk much here any more since having to auth up and stuff, especially with the freenode splits recently
kakobrekla: artifexd telling would spoil all the fun.
bounce: call it a hobby and it's win-win all the way
cgcardona_: i figured forcing people to register w/ their pgp/gpg keys forces some sort of accountability for your actions/words in the room.
mircea_popescu: problem is 100 hours at minimum wage + your upfront would make more than the "winning in a small way"
artifexd: The point is to, eventually, increase the signal to noise ratio.
Azelphur: what's the point of the whole +v for 30 minutes thing anyway?
kakobrekla: there is still one bug left :\
gribble: You are now authenticated for user artifexd with key 11D1433947A3327A
bounce: plenty people care about winning small in the same way that wossname home traders want to feel like a trader much more than making money trading
bounce: and I have no idea what google is up to now. so if you do site:example.com it'll substitute that as it sees fit? -- getting results out of them is getting fuzzier and fuzzier so that's no surprise, but it is annoying for those cases where I really want this exact search query and not the "properly spelled" one or whatever those US-based barbarians think I should've typed
mircea_popescu: if you're good enough to actually get forum mentions the effect in question is comparatively weak. if you're weak and rely on trying to spam forums it won't likely get you anything anyway. at least in a high level survey sort of mindset. no denying that derping on the internet could turn your 100 bux and 110 hours a week into 1k or w/e, just... who cares about that.
bounce: two consonants at the start is nice for re-visits, not so much for first looks, typing from a commercial or the decals on a lorry or whatever
dignork: mircea_popescu, yes, but in this case "google" algo kicks in, and he still gets a customer, so this dns exploits another mind bug , instead of browser autocompletion
mircea_popescu: dignork the reason you don't remember it is precisely that it had bitcoin in it and your brain spaces it out. i don't remember all the coin* shit either.
dignork: another example then: otc user shilling a service with domain name consisting of "bitcoin" and "insanity", i'll never remember the domain name, but googling these two terms kinda brings me to his site
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user starsoccer: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=starsoccer | WoT data: http://b-otc.com/vrd?nick=starsoccer | Rated since: Sat May 12 23:07:51 2012
mircea_popescu: you're on the l2 list, so after you do you can pm assbot !up and it'll permavoice oyu.
mircea_popescu: yes you need to get in the wot and auth.
starsoccer: guess im not authed
dignork: mircea_popescu, DNS article, topic related name might get indexed by search engine in forum links etc, so they might not be a total waste of money
mircea_popescu: if you've a modicum of culture and read the damned things you stand some chance of at least picking the right one for the purpose.
mircea_popescu: bounce to learn a craft, you copy the masters. pick a play, rewrite it for your topic, publish your clumbsy attempt for general ridicule.
bounce is no good with drama. but hey, n'ver know what the morrow bringeth
bounce tries and fails to come up with a funny connecting "africanisation of the west" to the fail that is "black culture" in the US and bright eyed young white pasty silly vally kids
jurov: whut are they gonna use? soundex?
gribble: Read–eval–print loop - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Read%E2%80%93eval%E2%80%93print_loop>; Repl.it: <http://repl.it/>; REPL Node.js v0.10.26 Manual & Documentation: <http://nodejs.org/api/repl.html>
mircea_popescu: yesterday i write, today they apply ?! gotta love these new scammers.
bounce: heh. so, you have to buy one sooper sekrit share now or be bereft of the company books forever?
fluffypony: another bitcoinbourse "asset" is coming
fluffypony: [20:24:57] <xodianbarr> fyi the prypto shares early adopter offering ends tonight. Tomorrow they will be unavailable and on Tuesday they go on bitcoinbourse. Anyone purchasing at least 1 share till the deadline gets a private share for every public share purchased and the opportunity of the private share account which gives an insight into dividend profit build up monthly.
mircea_popescu: is this the one with the kidnapped underage chick where the author blames the chick ?
bounce: so I rewrote that thing from yesterday in python then fixed the calculations: http://pastebin.ca/2695668 apparently this "comprehensions" thing is a bit contagious.
mircea_popescu: anyway, there are those who claim old tobacco properly stored is actually better than new.
bounce: there's some cute things you can do with it that're less possible with java
pankkake: no, I don't know the first thing about it. my first step would be learn how to store it so that it lasts
mircea_popescu: pankkake definitely worked that way in the west
bounce isn't too sure python doesn't secretly suck either. then again, might be I'm reading too many naggum links.
mircea_popescu: lol cigs for access ? this sounds like the old time clubs are here :D
bounce: sure. mutt doesn't use gpgme either, IIRC
pankkake: but the state of python libs is weird… there's like at least three libs and they all suck
pankkake: bounce: there is --with-colons. I never had to parse actual text content from GPG, exit codes etc. were enough
dignork: i have some trust on otc, but the group in assets does not intersects too much
gribble: Currently authenticated from hostmask dignork!~dignork@gateway/tor-sasl/dignork. Trust relationship from user assbot to user dignork: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=dignork | WoT data: http://b-otc.com/vrd?nick=dignork | Rated since: Fri Oct 18 12:20:18 2013
benkay: obvs not for robwhiz22 etc al but those who appear to be on the right track
dignork: i know the drill mircea_popescu, but nobody trusts me enought anyway :)
gribble: Currently authenticated from hostmask dignork!~dignork@gateway/tor-sasl/dignork. Trust relationship from user assbot to user dignork: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=dignork | WoT data: http://b-otc.com/vrd?nick=dignork | Rated since: Fri Oct 18 12:20:18 2013
mircea_popescu: http://blog.khersonus.com/2014/assbot-level-2-trust/ < gotta be on this list. you get there by getting in the wot and getting rated by someone in assbot's trustlist
mircea_popescu: dignork you id with gribble and then pm assbot !up
dignork: mircea_popescu, this kind of contradicts the new elitist channel model
assbot: - we do like bacon and eggs, even sausages most of the time
assbot: - don't use of 'afk' or 'away' on the chan or your nick, it's spammy
mircea_popescu: gpgme isn't bad, there's also a gpgagent thing that seems solid
bounce: though if you go (bourne, not bourne again please) script it's probably a good idea to tell the thing to use "C" for a locale, lest the thing suddenly talks french or something
thestringpuller: all these unicode characters are killin issi
bounce: interfacing gpg is clunky to the point there's a library to make it easier, gpgme (haven't checked how much it helps, to me it's just another annoying dependency), though some programs just run the commands and look at the answer strings
mircea_popescu: why on network ? hook them up on serial cable and write your own protocol.
benkay: hard question is how best to set up box with gpg on network and wire it to other boxen doing stuff.
mircea_popescu: prolly a bash script'd be the best
ThickAsThieves: "And before she was complaining that the house was too noisy... because we had bitcoin miners...
ozbot: My wife is complaining that the house is cold.... because we sold our bitcoin miners... : Bitcoin
fluffypony: from reddit: "Just to clarify, this is not a new Gox. They were only here cos that fat french fuck had to run away from his previous crimes. This exchange appears to be a proper japanese exchange aimed at the Japanese people."
fluffypony: lol, so there's a new Japanese exchange: btcbox.co.jp
kakobrekla: the problem is, theres a difference between "!up Anduck" and "!up anduck"
kakobrekla: you dont get those if you are upped by someone else or if theres a split like it was.
kakobrekla: if you !up yourself via pm with assbot you get all the rights you get
Anduck: i thought it was because i wasn't authed
gribble: Currently authenticated from hostmask cgcardona_!~cgcardona@cpe-75-85-131-223.hawaii.res.rr.com. Trust relationship from user cgcardona_ to user cgcardona_: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=cgcardona_&dest=cgcardona_ | WoT data: http://b-otc.com/vrd?nick=cgcardona_ | Rated since: Sat Apr 12 18:04:35 2014
kakobrekla: TestingUnoDosTre does assbot still say you are not authed?
gribble: Currently authenticated from hostmask TestingUnoDosTre!472849d2@gateway/web/freenode/ip.71.40.73.210. Trust relationship from user kakobrekla to user TestingUnoDosTre: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=kakobrekla&dest=TestingUnoDosTre | WoT data: http://b-otc.com/vrd?nick=TestingUnoDosTre | Rated since: Sun Apr 13 12:56:09 2014
TestingUnoDosTre: wwhy did assbot say I wasn't authenticated?
kakobrekla: well there it is
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: 1 via 1 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
gribble: Currently authenticated from hostmask cgcardona_!~cgcardona@cpe-75-85-131-223.hawaii.res.rr.com. Trust relationship from user kakobrekla to user cgcardona_: Level 1: 1, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=kakobrekla&dest=cgcardona_ | WoT data: http://b-otc.com/vrd?nick=cgcardona_ | Rated since: Sat Apr 12 18:04:35 2014
gribble: WARNING: Currently not authenticated. Trust relationship from user kakobrekla to user assbot: Level 1: 1, Level 2: 4 via 3 connections. Graph: http://b-otc.com/stg?source=kakobrekla&dest=assbot | WoT data: http://b-otc.com/vrd?nick=assbot | Rated since: Fri Apr 11 02:04:55 2014
gribble: WARNING: Currently not authenticated. Trust relationship from user cgcardona_ to user assbot: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=cgcardona_&dest=assbot | WoT data: http://b-otc.com/vrd?nick=assbot | Rated since: Fri Apr 11 02:04:55 2014
cgcardona_: the time lag is that I need to reauth w/ gribble each time which takes a second.
benkay: so part and then rejoin
gribble: WARNING: Currently not authenticated. Trust relationship from user cgcardona_ to user assbot: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=cgcardona_&dest=assbot | WoT data: http://b-otc.com/vrd?nick=assbot | Rated since: Fri Apr 11 02:04:55 2014
benkay: no, it works the other way around.
gribble: Currently authenticated from hostmask TestingUnoDosTre!472849d2@gateway/web/freenode/ip.71.40.73.210. Trust relationship from user assbot to user TestingUnoDosTre: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=TestingUnoDosTre | WoT data: http://b-otc.com/vrd?nick=TestingUnoDosTre | Rated since: Sun Apr 13 12:56:09 2014
gribble: Currently authenticated from hostmask TestingUnoDosTre!472849d2@gateway/web/freenode/ip.71.40.73.210. Trust relationship from user TestingUnoDosTre to user TEstingUnoDosTre: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=TestingUnoDosTre&dest=TEstingUnoDosTre | WoT data: http://b-otc.com/vrd?nick=TEstingUnoDosTre | Rated since: Sun Apr 13 12:56:09 2014
benkay: let the rating dilutions begin.
gribble: Currently authenticated from hostmask benkay!~user@71-214-87-217.ptld.qwest.net. Trust relationship from user cgcardona_ to user benkay: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=cgcardona_&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 TestingUnoDosTre to user assbot: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=TestingUnoDosTre&dest=assbot | WoT data: http://b-otc.com/vrd?nick=assbot | Rated since: Fri Apr 11 02:04:55 2014
gribble: Currently authenticated from hostmask TestingUnoDosTre!472849d2@gateway/web/freenode/ip.71.40.73.210. Trust relationship from user benkay to user TestingUnoDosTre: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=TestingUnoDosTre | WoT data: http://b-otc.com/vrd?nick=TestingUnoDosTre | Rated since: never
cgcardona_: TestingUnoDosTre: so does that mean you don't have to reauth everytime you come into the room?
gribble: Registration successful. You are now authenticated for user TestingUnoDosTre with key DFBEC17DF96DFB77
benkay: if it throws away big important parts of bitcoin (like say distributing supply semi-randomly according to capital power, the txn processing network), it's probably fucking stupid.
cgcardona_: "they will jump through all sorts of rationalizations as to why their burn was a good idea." - couldn't you say the same thing about most people who have a vested interest in something succeeding?
benkay: do it, now you have this tiny network of people who need to see the value of their coins increase. they will jump through all sorts of rationalizations as to why their burn was a good idea.
cgcardona_: i didn't realize that's what the concept was actually called (reading https://bitcointalk.org/index.php?topic=395761.0)
cgcardona_: i thought that was just the greatest stoner joke ever
fluffypony: ThickAsThieves: yeah but none of them have been available in South Africa till Rdio came along
cgcardona_: except they can take it whenever they want!
benkay: kinda almost like copying the file and putting it on a device
ThickAsThieves: fluffypony they all do that
fluffypony: Rdio is actually really awesome - you can "sync" stuff to mobile, which basically just downloads the songs and stores them in the app
cgcardona_: I pay for music at live shows quite often. That's where the real hustle is
ThickAsThieves: plus who the fuck pays for music anymore?
benkay: or 500B, live off the deflationary behavior
benkay: 500k in the bank
fluffypony: passive income is not a thing unless you happen to write a massive single that will be played for the next 100 years, or write a timeless book that will be sold for the next 100 years
benkay: get. the. fuck. out.
fluffypony: like you're just going to start this auto-blogging thing and it'll go and you won't need to touch it and the funds will just flow in
fluffypony: because they keep advertising things as "hands off"
fluffypony: that's why the whole Internet marketing / Warrior Forum thing is such a clever scam
benkay: unless you hook the cold wallet up to the robot too, which, anathema.
cgcardona_: i had been buying into the mastercoin and colored coins hype
benkay: time on the sun nice
fluffypony: to generate that with vanitygen or oclvanitygen would take more time than there is on the sun
benkay: btw TestingUnoDosTre that OTP url is unique for the duration of your use of that key. so feel free to hard code it into any scripts you write.
cgcardona_: so let me see if I understand. I tell people I'm creating cgcardona_coin and that they need to burn coins into 1cgcardonafuckingrulesAdfusd address which is actually my personal address?
asciilifeform: best racket will be to 'burn,' rather than burn.
benkay: and the earth may orbit backwards tomorrow.
cgcardona_: but actually I agree w/ you overall. just arguing the point for the sake of clarity
cgcardona_: and we dont know what jesus coins may arrive in the future. people may be incentivized to burn coins en mass
benkay: besides, it's a garbage example. anyone controlling significant numbers of btc won't be burning significant numbers of them. maybe the odd equivalent of a buttcoin to see some derps flail with their piggyback chains, but not a significant number.
ThickAsThieves: this is the point
ThickAsThieves: the pie is 100% no matter ho0w many slices
cgcardona_: but who is to say it will only be pennies? What if someone were to burn 75% of all btc into other coins. that would surely affect the price of the remaining btc by more than pennies.
benkay: economy size being fixed, and my share of the pool being fixed (income aside)
benkay: when the world economy is denominated in btc, these pennies will not materially affect how much or less i can buy with my btc.
benkay: they're gone forever.
cgcardona_: ok then can I spin it as all of the burn in coins will just remove btc from the blockchain thus driving value to the blockchain a la' "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
benkay: look, an exchange is by definition a place people gather to exchange a thing
benkay: the whole thing is a punt
fluffypony: benkay: presumably the active ones will punt their asset?
cgcardona_: so you're saying it's like premining in the sense that the people creating the coins which need to be burned in to are starting the game with a bunch of the new coins for themselves?
fluffypony: benkay: I actually don't understand the point of this at all
benkay: fluffypony: these initial burns are just as much a crime as premining.
fluffypony: benkay: "The protocol was coded to create XCP on any address that sent less than or equal to 1 BTC to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr between blocks 278310 and 283810 This was written right into the open-source code. So no individual had to be trusted to accept money then distribute a genesis block like with Next, Mastercoin, Emunie, Ethereum, Levelcoin (ipo scam), Visacoin (ipo scam)"
benkay: if you do ;;eauth cgcardona_ , you can decrypt the otp you get in return and then ;;everify that string
cgcardona_: I just recently registered for this room. I had to register my nick w/ nickserv. Then w/ gribble i `register cgcardona_ <gpg ID>`. gribble replies w/ a challenge string which I then signed w/ my gpg key and put on to pastebin. Then to gribble I said `verify <pastebin url>` and my registration was good. Now to assbot I ca n`!up` and it works. Each time to register w/ gribble I `auth cgcardona_ ` to which it replies w/ anoth
fluffypony: you could only burn at the beginning
benkay: which is scamcoin red flag of the highest order.
gribble: Error: 'name>' is not a valid GPG key id. Please use the long form 16 digit key id.
TestingUnoDosTre: no, i mean joining the wot or whatever so I don't have to get voiced up ery 30 minutes
benkay: ("Disclaimer: Blockscan is not responsible for the accuracy of the content listed here.")
TestingUnoDosTre: anyone know where the instructions are for this gpg key verification ? can't find in the log
benkay: dude is selling an in-game-currency 'meat' on one of the distributed exchanges
cgcardona_: ThickAsThieves: interesting points. I'll consider them.
ThickAsThieves: it places MORE burden on the issuer of the color
benkay: basically paper only has value if there's someone with a gun backing that statement of value.
ThickAsThieves: but it doesnt remove the risk that the issuer is going to liberate your value
ThickAsThieves: the push for them comes from a desire to remove centralized exchanges for stocks or property

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