mircea_popescu: MGK: I heard this is the center of bitcoin, hello center << lol i had just missed that. hello mgk. who are you ?
mircea_popescu: this de-facto creates some extra money in the system, and the aggregate is known as "commercial credit"
mircea_popescu: commercial credit is created by any merchant that delivers goods to another but does not force them to pay right off.
mircea_popescu: jesus fuck i can't believe how broken the internet is. anyway, investopedia is wrong. the definition of commercial credit has nothing to do with any bank.
nubbins`: drooling idiots falling over each other to "provide services", "offer funds", "invest", etc
nubbins`: the problem is that btc space is still infested -- almost completely -- with rubes
mircea_popescu: anyone thinking they can build a business out of paying ratecard has got a whole other layer of things wrong with their head.
mircea_popescu: but anyway, if you're curious : the last time i bought ads, cca 2006, i simply crossed out anyone who wasn't willing to go UNDER 50% of list price, and just negotiated with everyone else.
mircea_popescu: nubbins` ok, that may be an exception, seeing how nobody is interested in buying ads, and ESPECIALLY not at list prices, so if you're the sort of schmuck that may be tricked into it and they have nothing else to run anyway,
mircea_popescu: generally you let a customer walk with a few k's, then they pay that... takes someone even mid level many years to work themselves up to where they can run a tab in the millions
mircea_popescu: well i don't know how they do it in cyprus, but i've never extended millions in commercial credit on unpaid accounts.
mircea_popescu: "unfortunately confirmed with Niccocia that BREWSTER fled the country with thousands of coins from the IPVO and employees, unpaid employees and milions of dues to local businesses"
nubbins`: unfortunately i slept in, so i'm not sure which track they played
mircea_popescu: [KS] i am dearly beloved wherever idiots gather.
[KS]: I'm protected by the NSA
kakobrekla: you in the wot son?
ThickAsThieves: odds are there were more perfect times VanCleef
VanCleef: tat got out of neobee at the perfect time
ThickAsThieves: the first two lines, I think he was talking about Litecoin
ThickAsThieves: KS I think some of the quotes of MP you posted might be out of context
MisterE: trying to use the ratio to coin up
mircea_popescu: MisterE you already booked your loss no matter what other things happen around you.
mircea_popescu: the ratio between people willing to buy to support it and people needing to sell to pay for their mining is better.
mircea_popescu: ThickAsThieves the liquidity problem of a crypto coin is problematic. i could present the following argument that atc actually has better liquidity :
turbo_ac100: (16:37:25) mircea_popescu: MisterE: heh, I got a little nervous nelly today, thought we were going to test 400, so I sold some coin for 484 that I bought at 505 :/ << that's how fortunes are made. << oracle of delphi, alexander the great
ThickAsThieves: but the fog is so thick now
mircea_popescu: but that aside ltc was always an iffy proposition. and contrary to what the proponents were screaming, it hasn't really been lifted by btc so much.
ThickAsThieves: looks like that bottom will be put to the test
mircea_popescu: or "a scam", either way.
mircea_popescu: ThickAsThieves well, the forum crowd still hoping to "strike it rich" on their ten bux will proclaim it dead
mircea_popescu: people will expend as much energy as they're willing to expend, how many hashes that yields is a purely conventional measure
mircea_popescu: course it makes exactly zero difference, in the end.
punkman1: and these people are not people
mircea_popescu: "To lower the footprint of LTC and retain GPU mineability, the algorithm of our choice is X11." footprint in what sense ?
mircea_popescu: other people's, but what's in a genitive.
mircea_popescu: trying to imagine the world is such a mind boggling exercise.
ThickAsThieves: well you did say anyone in the world
mircea_popescu: just so people of the 2010s at that level have no particular understanding of google as apart from the normal functioning of their browser
mircea_popescu: I wonder if there's anyone who actually said this honestly today, somewhere on the planet
mircea_popescu: ie, stuff nobody cares about anymore but since they're merge-mined there's plenty floating around
mircea_popescu: i suppose merge mining does that, there'll be lots of abandocoins
ThickAsThieves: "The Inter eXchange Coin"
MGK: you cant trade IXC or Dev on their exchange so why would they hand them out? Must not be worth anything is what im thinking
MGK: and I have a decent amount now figured id ask about them
moiety: imagine ukraine voted in darth vader.. what are they thinking running?!
moiety: good point.. let them have linoleum!
moiety: why do these places pair gorgeous ceilings with awful carpetting?! everywhere!
andyfletcher doesn't have the pic, but can imagine it
mircea_popescu: some guy from the local uni etc
mircea_popescu: andyfletcher you happen to have that pic of 5 people, neo "ceo" guy on left, tuur guy next to him then 3 actual adults ?
gribble: The operation succeeded.
andyfletcher is waiting for the headline "N&B CEO: Aliens ate our btc"
mircea_popescu: this is what, the... fourth installment of "we shall make our own webexchange and become rich out of lunch money" attempt that blew up ?
mircea_popescu: i think there's enough material of good crazy quality on that forum so far to hack the borg cube.
mircea_popescu: the dank bank was epic lmao. -pr sends me the link with "you have to check this out" in the comment field, which you know, the fuck do i know what it is ?
moiety: https://bitcointalk.org/index.php?topic=289730.msg5981543#msg5981543 this thread has me reading the forum again and the dank bank
mircea_popescu: how the fuck would one not is the question. this beats anything steve martin ever did.
mircea_popescu: i really am having too much fun online these days.
mircea_popescu: that's the worst.
mircea_popescu: oh, but nothing can ever dull the pain of dissaproval by a bunch of anon tards on a forum somewhere.
mircea_popescu: and this half pound of hand made chocolate pralines i bought yesterday from the... uh... from the pantry
moiety hands mircea_popescu the tissues
mircea_popescu: here in my old apartment, with the chains...
moiety: earlier, but i went to do things (mothers day here) - thats why they released me XD how are you mircea_popescu?
MGK: I heard this is the center of bitcoin, hello center
chetty: a bit messy in court when the taxpayer is funding both sides
andyfletcher: Bit of a gray area. If UK foreign aid is supporting regimes who are abusing the local population then I don't have too much of an issue with a legal aided challenge to it regardless of who is doing the challenge
punkman1: so a farmer gets legal aid from UK, to sue the UK for sending too much money
ozbot: Is this the most farcical use of taxpayers' money ever: Ethiopian gets legal aid from UK - to sue us
andyfletcher has inherited 1,000,00 NigeriaCoin from a relative in Lagos and needs help transferring them
ozbot: Oculus Rift: Step Into the Game by Oculus » Comments — Kickstarter
MisterE: https://www.kickstarter.com/projects/1523379957/oculus-rift-step-into-the-game/comments?cursor=6299270#comment-6299269
ozbot: If you back a Kickstarter project that sells for $2 billion, do you deserve to get rich? | The Verge
MisterE: http://www.theverge.com/2014/3/28/5557120/what-if-oculus-rift-kickstarter-backers-had-gotten-equity
bounce: asciilifeform: point was rather that the acorn archimedes is closer to a modern computer than an 80s micro.
TestingUnoDosTre: can't stop salivating when I see the price lately
tg2: now its going back there
tg2: for real tho he called the doge spike about 2 hours before it climed from 54 to 290
xdotcomm_: get best strippers for the party
tg2: who's gonna administer the bet on bitbet about how long until one of us gets rating
xdotcomm_: i need to get the weight of unfairness shifted somehow
tg2: server no longer there
tg2: wake up the next day
gribble: Error: You have to have received some ratings in order to rate other users.
tg2: ;;rate xdotcomm_ -10 sold me a broken gong and then never even gave it to me
xdotcomm_: tg2: sold a server as well then stole it back
tg2: and then never even gave it to me
mircea_popescu: o i thought "help each other move" is when you seduce the other's wife and so now he has to find a motel.
xdotcomm_: in north america you can only be friends if you move couches for each other during moves
tg2: last time a sock gave you this much pleasure it ended up stuck to the laundry hamper
benkay: the tg2 operators nevar sleep
gribble: The operation succeeded.
benkay: the next rent round is almost not bullshit, youse guise?
andyfletcher: wonder how many died on deployment in the same period
mircea_popescu: i guess the bankers aren't suddenly all that exceptional.
ThickAsThieves: enky says 430 or thereabouts
mircea_popescu: i thought there was supposed to be super-duper heavy support at 500
mircea_popescu: or clothes.
mircea_popescu: i think if you're rich and successful one of the perks is that you can see cleavage even through the dark.
andyfletcher: assuming the lights are on
[\]: neo pr was active for a week after their last post
mircea_popescu: this dude can lay down the webhurt lawl.
mircea_popescu: "Some men enjoy dancing with other men without their tops on while others prefer the company of a woman two KFC family buckets away from upsetting the planet's rotational axis."
mircea_popescu: nubbins` in point of case, it's a major improvement over the previous stuff
nubbins`: give up the facade
mircea_popescu: [\\\] they were the guys that spoke out of turn on the topic and then never brought it up again.
dexX7: "Danny doesn't need to talk directly to shareholders and customers." ... wow, reaching that point was faster then i expected (i didn't at all)
[\]: and isn't NeoBee the guys helping 'fix' bitfunder/weex?
mircea_popescu: [\\\] well they're having a great weekend so far.
[\]: so I'm late to the party
TestingUnoDosTre: ahhh yes. There was some lag inbetween when I was checking it and disconnected
mircea_popescu: TestingUnoDosTre perhaps check the log ?
TestingUnoDosTre: alright I've asked this before, but I got disconnected. Why does gribble have such a lower prediction for next difficulty compared to bitcoinwisdom. Is one sampling way more or way less blocks than the other?
xdotcomm_: they will never end http://digitalinterface.blogspot.ca/2014/03/strangecoin-proposal-for-nonlinear.html
tg2: Eventually it'll take over in the us
xdotcomm_: 5 to 10x better for early adapters and 10 to 20 for the masses
mircea_popescu: "The trading is simply frozen; unless they tore down the building and sold the rubble Im pretty sure that NEO's offices will be open come Monday."
xdotcomm_: its tough because you gotta make it so much better then craigslist + ebay ... otherwise no go.. they already have the masses
tg2: That and their code is from 1999
xdotcomm_: problem with craigslist is there is no rankings
nubbins`: so there's that
nubbins`: on the bright side, a bunch of people in cyprus got several months worth of salary that they wouldn't have had otherwise
Apocalyptic: nubbins`, thanks for the link, i'm reading
tg2: Unfortunately there is no reprimand even declaring profitability
mircea_popescu: the figures seem to be 68.4x% and 40%.
mircea_popescu: the net effect of this change is for lmb to gift itself a significant portion of the equity.
ThickAsThieves: basically the unsold shares sat unsold afaik
mircea_popescu: Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).
mircea_popescu: this is an update of the previous version, which read :
mircea_popescu: Public investors currently hold 5,042,638 LMB Holdings shares (31.5164875% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 10,957,362 shares 68.4835125% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).
mircea_popescu: ThickAsThieves well, here's the problem :
ThickAsThieves: there was a portion seperately allocated for employee program of some sort I think, not tradable
nubbins`: Apocalyptic: might as well read the whole day
tg2: It feels like the irs just said "here's our stance" and left the door open to an overriding ruling from a larger authority
tg2: If there was a landmark supreme court case
tg2: And IRS Revenue Rulings, which I would assume the btc guidance fell under
MisterE: they have an internal committee of bureaucrats probably
tg2: There should be an avenue to have those rules revised
MisterE: no they made powerful administrative rules too
tg2: The irs only collects
tg2: Ergo they should be susceptible to change
tg2: Not the irs
mircea_popescu: https://bitcointalk.org/index.php?topic=289730.msg5937860#msg5937860 and another layer of scammyness unfolds.
chetty: get the IRS to change? you ARE joking?
tg2: They basically made it a paperwork disaster to actually tax it
Apocalyptic: fico is the last thing slovakia needs right now
mircea_popescu: well the others you really can't have a problem with. because who'd you have a problem with ? they're not here.
dignork: asciilifeform, well, I have this http://www.nordicsemi.com/eng/Products/2.4GHz-RF/nRF24LE1-OTP on hand, but I don't have equipment to actually look at the chip structure though :(
mircea_popescu: how many brain cycles have various anon derps wasted on rehashing their imaginary worlds ?
mircea_popescu: at least we're using the brain cycles on things that actually exist.
mircea_popescu: "I stumbled upon this brilliant piece of journalism written by one Mircea Popescu. The title of the article reads Why Dogecoin is a scam
and the contents are amusing."
asciilifeform: incidentally, this reminds me of a scheme i came up with for re-writing 'cd-r' disks, before the rewritable kind was available
dignork: asciilifeform, I never actually looked into these chips, but wikipedia says empty PROM is filled with 1's, and you're irreversibly burning 0's
mircea_popescu: ;;later tell decimation the following systematic approach : "you will be born anyway, need to work anyway. why should you be paid ?"
gribble: The operation succeeded.
asciilifeform: dignork: notice that the same part number typically comes in a UV window version.
asciilifeform: dignork: i can't promise to re-write one on demand - but they're 'flash' inside.
mircea_popescu: dude what's with all this derpage. avatrade ? future of crypto trading ? what the hell.
mircea_popescu: ThickAsThieves well he's mastered them so...
asciilifeform: upgrade all day - just turn the key.
mircea_popescu: asciilifeform kernel-in-rom never caught on because these fuckwits want to keep versioning everything all the time. gotta upgrade!!1
decimation: my point: his job is exactly to find the one-off's and worry about their retention. What possible "systematic approach" exists, even in theory?
decimation: take 2: According to him:the "long-term right approach is not to deal with these situations as one-off?s but to have a systematic approach to compensation that makes it very difficult for anyone to get a better offer"
decimation: lol fiat: http://www.scribd.com/doc/201651711/October-24-2013-Class-Cert-Order - this is related to the civil suit against the silicon valley companys for conspiring to limit recruitment
ozbot: The Cashless Society Almost Here And With Some Very Sinister Implications - Waking Times
tg2: there is to much tied through x imo
kanzure: e.g. it's not just qtwebkit but it's a qt-release that includes a release of qtwebkit which includes a release of webkit. but the real thing you care about is webkit!
kanzure: even when phantomjs2 comes out in the next few months i would recommend caution because the dependency on qtwebki from a qt release means that you're waiting multiple months for bugfixes to get into phantomjs (so far webkit updates are so far behind it's sad)
kanzure: tg2: and i would say the advantages of running modern webkit far outweigh the troubles with running X... you get Function.prototype.bind :)
kanzure: tg2: however, running X headlessly is not hugely problematic these days because of xserver-xorg-video-dummy
kanzure: tg2: technically no, webkigtk+ requires X unless you find a way to get gtk running without x.. there used to be a way with cairo but nobody seems to care anymore.
MisterE: Breaking news on the missing plane, still nothing found...
kanzure: i highly recommend using recent webkit and just use the gobject bindings
tg2: Mystisking, the ceo of Bitcoin committed suicide so yeah Bitcoin is pretty much dead
mystisking: whats the future of crypto trading?
cazalla: i'd rather not give google my browsing habits
Apocalyptic: Opera is the shit now
fordlincoln1: anyone trade the bitcoin cfds on avatrade?
kanzure: dexX7: couldn't you just monitor the outbound network activity from the asic device instead
dexX7: the "next diff" algorithm is only a simple linear projection (hashrate-now/hashrate-last = hashrate-increase%) and bitcoinwisdom uses something more sophisticated
TestingUnoDosTre: how come the expected change is 16,3% when bitcoinwisdom projects 21%
dexX7: haha reddit about friedcat: "I don't know, anonymous according to /r/bitcoin means "will steal bitcoins in future". How do we know the ASICs don't have a function that sends your mined bitcoins to some address at some point in the future or installs a virus on your computer? Is the hardware opensourced?"
truffles: last i saw it was in the 600s
ThickAsThieves: The Last Psychiatrist
truffles: cant recall if theyre consistent, cuz i forget
ThickAsThieves: the first blog post didnt make it past peer review
ThickAsThieves: that will transform our understanding of currency and credit, this book will help you engineer money. You're about to unlock the API to a new economy. This book is your key."
ThickAsThieves: "If you're interested in learning more about the technical operation of bitcoin, or if you're building the next great bitcoin killerapp or business, you will find this book essential reading. From the basic use of a bitcoin wallet to buy a cup of coffee, to running a bitcoin marketplace with hundreds of thousands of transactions, or collaboratively building new financial innovations
jurov: and the end boss shall bear uncanny resemblance to mpoe-pr
Namworld: Someone, please do a retro parody of a platformer, called: "Karpeles and the Search for the Seven Private Keys"
Namworld: Translation: "My keys!? They no work, what happened!? Oh, I have one here in this old backup. Maybe I can keep looking, maybe I find more keys in these old files."
dexX7: hehe.. the wallet they found was allegedly found, because it was in an old format that new bitcoin clients don't recognize
Namworld: If Karpeles finds more Bitcoins and they're all returned I'll make the weirdest face. "He didn't scam, he just lost the keys? Had to try and find doubles in old backups of data? What stupidity is this?"
lnovy: the whole pc architecture is a big matrix, it looks and behaves pretty much nothing like you see it
tg2: IPO are the last ones in :D
CheckDavid: tg2: there's a game called bubble
tg2: #dogecoin having trouble wrapping their minds around the fact that an OPEN ponzi where everything is visible is not really a ponzi lol
tg2: this is the new satoshidice
cads: the chaos is kinda awesome but I can't figure what's going on
cads: since then citizens have had their identities forged, the value of the AUR has dropped like 75% and now people are saying AUR is being hit by a 51% attack
nubbins`: i've read that one in the past
asciilifeform: if buying a rom burner, helps to get the kind that takes SOIC-8 socket adapters, for laptop flash
asciilifeform: or you meant, on the board
asciilifeform: space?! they're pocket-sized
jurov: one usually does it once in 5 years... not sure if it's worth the occupied space
asciilifeform: typically these have a toggle that moves the clock/data line from 1 serial rom to another
asciilifeform: (executing from rom, esp. the 'serial' 8-legged variety, is dog-slow)
asciilifeform: that is, copies them to cacheable RAM on boot
asciilifeform: mircea_popescu: servers that are rebooted are not really the same servers anymore << i bet i'm not the only one who wonders why kernel-in-ROM never caught on
mircea_popescu: anyway, i'll bbl we can continue teh racism then.
mircea_popescu: it's ~85% romanian, some hungarian, trace other dozen or so elements
tg2: (oops, i mean... southeastern russia, lol)
mircea_popescu: it takes a real hellhole to really select the funhavers.
mircea_popescu: they're too noobish around here to actualy have promoters.
tg2: the promoter called me back for 2 weeks after crying and begging me to come back
tg2: can't say I blame them tho
jurov: what did you do there?