ninjashogun: Mats_cd03, no, but I think that you will find in looking at Fiat that the fact that the money supply is unilaterally increased by letting banks put more into circulation than existed - and that the rate of this is a total unknown - does not deter people from using and holding USD.
BingoBoingo: ninjashogun: I mean the thing they need to do is stop, and the time for them to have done so was last winter
Mats_cd03: do you expect depositors to behave like their risk profile didnt just go up?
moiety: do you think kakobrekla can make an ignore that works on the logs too?
ninjashogun: My point is just that from among the alternatives, shutting down the exchange is guaranteed to have the worst possible outcome for lenders/creditors. (people who put thehir bitcoins or usd in.)
BingoBoingo: This is a business admitting its business model is incompatible with reality and failing to take the last necessary action.
ninjashogun: Likewise, if a currency does get hacked, it is probably better to become fractional-reserve, or freeze accounts, or play other shenanigans, than just say, "Well we're gone now, bye, and thanks"
ninjashogun: That is probably a better outcome than if they had "abandoned the dollar" due to its dilution by fake dollars.
ninjashogun: No. They just let the counterfeiters print at the limiting capacity of those presses, taking the hit on the total money supply.
ninjashogun: Let me make an analogy. (I might have the facts totally wrong). IN the seventies or eighties (no real idea on the decade, I'm guessing) the U.S. found that some third-world country had either stolen some of the mint's machinery, or gotten their hands on perfect reproductions. It could make undetectable counterfeit dollar bills.
BingoBoingo: They got hacked, "IPO'd", got hacked again, started paying interest on deposits, and now this.
ninjashogun: But if they shut down, that 99% becomes 100%.
ninjashogun: they raised 3000 btc in an IPO. That means that is free cash for them - they sold equity?
BingoBoingo: ninja they have been a known shit heap since roughly February 2012
benkay: i judge stochastically these days ninjashogun
ninjashogun: wait, we can judge whether this has any chance of being true
ninjashogun: how many btc are they reporting stolen
Apocalyptic: if you trust the statement
BingoBoingo: ninjashogun: They never had a profit
ninjashogun: It said "We will get back to 100% reserve bank, owning as many bitcoins physically as people have on account. To get back up to that level we will take the profit from our operations and use it to build up the fractional level."
Apocalyptic: ninjashogun, are you not reading the statement ?
Apocalyptic: but they can't even satisfy withdrawals now
ninjashogun: It could have done something even stronger: "We will now be fractional-reserve, the way all banks in the United States have operated for 100 years. We will not hold as many bitcoins physically as are in our accounts - nor make up the deficit."
ninjashogun: However, I will say one thing. At a macro level there is no FDIC, nor bailout.
BingoBoingo: Run by the same operator as cryptostocks
BingoBoingo: ninjashogun: Cryptostocks/Vircurex just did clawbacks in yet another operator enacted scam
TestingUnoDosTre: So apparently I've been living under a bush for a while, but the creator of Candy Crush was apparently successful at generating cash flow?
ninjashogun: let's flip it around. Would a serious company that had traditoinal real-world financing rounds (convertible note, or equity offering with shareholder's agreement with a real VC) ever list on there?
Duffer1: they probably make so much money off it that they haven't yet decided to just run with the money
Apocalyptic: ninjashogun, they're full of scams
ninjashogun: blackwhite - you mean physical (like leather) wallets?
blackwhite: what do you think is the best wallet design you have seen, visually?
nubbins`: from what i can tell, they're about an order of magnitude off their trading volume predictions
cazalla: can you trade bitcoons on the massahcoin network?
ninjashogun: ha, pink panther
CheckDavid: Pink panther
CheckDavid: And it's definitely using the btc block chain
Mats_cd03: (useful for e-voting as per prev. discussion, and maybe even useful for reducing the size of the blockchain in the future)
gribble: http://www.urbandictionary.com/define.php?term=docking | docking. The act of placing the head of ones penis inside the foreskin of another's penis. David and Patrick enjoyed docking immensely because of Patty's ...
ninjashogun: This is just in the interest of full disclosure.
ninjashogun: (by the way CheckDavid and I are on skype now, and we may be collaborating on the jobs thing. I talked with him for a couple of hours total, don't know him personally yet but we're on skype.)
Mats_cd03: i'm confused by the website, "Mastercoin To Create New Altcoins In Bitcoin’s Block Chain" is the title of a press release
CheckDavid: It uses the btc block chain
ninjashogun: Mats_cd03, I meant is a nick from one of the contributors in here. I should have asked in #bitcoin
Mats_cd03: oh whoops i must have misunderstood the idea
deadweasel: you can trust him, he traveleth the time.
jurov: ninjashogun: it will be pruned to store only most recent outputs and all the rest will be archived
deadweasel: you may not survive the year, nor me nor anybody elese
deadweasel: the future is undetermined
ninjashogun: if the blockchain is already 20 GB, then in a year or two will it be like 100 GB - just to be part of the network?
deadweasel: notice the timestampes
ninjashogun: is the public ledger going to contain every record from forever?
Neil: So the next diff is just over 5 billion
gribble: (bcauth <nick>) -- Initiate authentication for user <nick>. You must have registered with the bot with a bitcoin address for this to work. You will be given a random passphrase to sign with your address, and submit to the bot with the 'bcverify' command. Your passphrase will expire within 10 minutes.
mike_c: i like their faq. question: "How can you have USD strike prices but option prices in BTC?" answer: "Orders can be canceled by their user at any time if they have not yet been matched"
jurov: how do they want to protect from manipuation?
mike_c: they aren't even worth laughing at. a couple of front-end engineers built an options exchange.
benkay: thestringpuller: ^^ kakobrekla ^^
cazalla: yeah, i wish they would make more, shame the books are a bit difficult to read - at least for me
cazalla: not the best book but i enjoy stuff like that, hornblower etc
radan: there's a lot of people voting yes
ozbot: Pirate Latitudes - Wikipedia, the free encyclopedia
deadweasel: ass-pirates 12, the plundering?
cazalla: a pirate book, forget the name
gribble: The operation succeeded.
jurov: the weight 59/100000 is less than 1% bitbet fee , hence No loses
peterl: yeah, that link is what I was looking at. I seem to remember it being worded differently in the past. Probly I was just confused before.
ThickAsThieves: peterl, you still havent clarified whether there are ever was a problem or misunderstanding
deadweasel: ozbot should spam the channel with that at least once a day. boom, no more support.
ThickAsThieves: still the case
peterl: did the terms for calculating winnings change recently? I seem to remember it used to weigh the whole amount bet, now you get what you put in back plus your weight of the losing side?
deadweasel: this nigga needs another bitcoin
deadweasel: it's this cheap way to solve currently expensive problems. entire industries could be minimized or abandoned altogether (finance for one
deadweasel: i love these two lines from http://trilema.com/2013/bitcoin-as-replacement-for-the-electoral-system/
deadweasel: mircea_popescu: "This then resolves the problem statistically, which is to say on average and generally speaking, people are unlikely to engage in morally hazardous behaviour. It also resolves the problem quite cheaply, as it requires absolutely no human intervention, the entire thing works quite mechanically."
Apocalyptic: looks like they're a bunch of winners
benkay: backoff thestringpuller blackwhite's mien
mike_c: don't you know graphs are supposed to go up and to the right!?
blackwhite: thestringpuller yeah
mike_c: there is a lot of competition already if you are talking about stuff like https://bitcoinwisdom.com/
benkay: you can always put up another website. the question i think you'll want to ask is if it's worth your time.
blackwhite: you think there would be room for competition? I mean after all the field is still very new
benkay: "state of the art"
benkay: blackwhite: blockr.io's kinda the standard right now
ozbot: California police use of body cameras cuts violence and complaints | World news | The Guardian
benkay: http://www.theguardian.com/world/2013/nov/04/california-police-body-cameras-cuts-violence-complaints-rialto
blackwhite: how many of you are using some sort of dashboard tool to follow bit coins? And is there room for someone making a better dashboard dealing perhaps not only with bitcoin but also other currencies?
blackwhite: the main thing is how do you keep the actual vote secret, where as you want the actual vote event public
blackwhite: the latter actually is interesting and kind of what I was thinking
thestringpuller: the latter is
benkay: asciilifeform: only in the sense that iOS software is all malware.
asciilifeform: not the least bit young field.
gribble: End-to-end auditable voting systems - Wikipedia, the free ...: <http://en.wikipedia.org/wiki/End-to-end_auditable_voting_systems>; Cryptography - Electronic Voting - Stanford Crypto Group: <http://crypto.stanford.edu/pbc/notes/crypto/voting.xhtml>; Cryptographic Voting Protocols: A Systems Perspective - Usenix: (1 more message)
punkman: blackwhite: here's the article http://trilema.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/
thestringpuller: the article I can't find it
blackwhite: oh you mean the article :)
thestringpuller: blackwhite: if you find it PM me the link
thestringpuller: i can't find the specific article but do a bit of googling and you'll find it
mike_c: i'll take another look at pypy, that's a good idea. i haven't poked around at it in a while.
Mats_cd03: then create a generator so you can fill element by element?
mike_c: well, the slow part (i think) is a have a big 2-dimensional array that i'm doing a lot of lookups into
benkay: protip: don't delegate crypto to outsourced ios developers across the ocean.
benkay: constant secret, constant iv, different salts of the same length -> valid decryption
kakobrekla: but the girl is eager. :)
kakobrekla: i was actually contemplating just copy pasting the output of current wp in a html file
jurov: btw i'm curious, what there needs CMS?
kakobrekla: the wp part, to be specific.
mike_c: Apocalyptic: gotta be quick with the quips around here
MykelSIlver: lets hope for the best (bets)
Apocalyptic: <davout> radan: probably safer to not bet on it then
radan: how am I supposed to know "if Havelock Investments continues its operation from the bet's starting date through November 20th, 2014"
davout: radan: probably safer to not bet on it then
radan: but the rest of it doesn't mean anything to me
davout: quite funny about how reddit is all over their "audit"
Apocalyptic: he's oblivious rather
davout: diametric: they're at unicredit in slovenia
diametric: hmm for some reason I swore Bitstamp held a bank account in the US but I'm probably mistaken then.
davout: they're probably held in eur too despite balances being shown in usd
davout: bitstamp operates in europe with an european bank, the currency in which their accounts are held is anecdotal
davout: yeah, maybe but that's not what the conversation was about
diametric: the US doesn't let little things like following regulations get in the way of them taking your lunch money.
diametric: it doesn't really matter if they comply with US law or not.
jurov: http://www.reddit.com/r/Bitcoin/comments/1zf3di/bitstamp_and_kraken_can_you_respond_to_these/
kakobrekla: jurov what was the challenge?
jurov: did they manage coherent response to davout's challenge yet?
steven-__: benkay: http://cascadianhacker.com/blog/2014/03/19_webwallets-will-always-fail-fr33aids-wallet-robbed-blockchaininfo-complicit-in-2fa-compromise.html has a broken link to http://cascadianhacker.com/blog/2014/03/2014/03/05_those-coins-theyll-be-happy-with-their-new-master.html
asciilifeform: author of that turd 'knows' that he won't be personally sold, and it shows. (not by itself damning - authors of designs for meat processing plants don't expect to ever become chickens, either. but in this case it spoils the flavour in a rather obvious way.)
jurov: this looks like over the top... but one has to accept many people are useless somehow
novusordo: i want to believe that they're just trolling
ThickAsThieves: but, like real estate agents, there is more incentive in qty of deals over quality
ThickAsThieves: i suppose a good headhunter would also make sure you got the best salary and benefits
ozbot: Document: JPMorgan Chase Bets .4 Billion on the Early Death of Workers
chetty: http://wallstreetonparade.com/2014/03/document-jpmorgan-chase-bets-10-4-billion-on-the-early-death-of-workers/
ninjashogun: It seems this would incentivize employees to use that headhunter to get to the same job - but it's not done. Any ideas why?
ninjashogun: does anyone know why recruiters (headhunters) don't share their bonus with their successfully placed recruit, as a cash payment (/incentive)? Especially where they make a large commission?
mike_c_d: "The parties to the swap agreed to use an average price taken from multiple bitcoin exchanges" << good luck.
nubbins`: i still want one of those 0.1 silvers, but they're not easy to come by
ThickAsThieves: it's the anti-mpex option! balance must be restored!
ThickAsThieves: "Under the swap–known as a “non-deliverable” forward because the contract is settled in cash without the need to deliver bitcoin–the parties agreed to pay each other in the future a certain amount based on the values of the two currencies. "
benkay: nubbins`: another gorgeous (!) day down south.
nubbins`: very, very steep hill (60deg incline) just out of frame to the left
jurov: fine, now only if russians managed not to mess up everything they touch
asciilifeform: ow, because of our folly, nationalism, unwillingness to hear each other - Yugoslavia is no more, and we - are now pimples on the political map of Europe, new markets for their overpriced garbage and for American democracy.' (- from the last interview given by Slobodan Milosevic, not long after he was 'accidentally' given the wrong heart meds. Translation mine.)
asciilifeform: 'Russians! I'm speaking to all Russians, those of you who live in Ukraine and Belarus are also called Russians here in the Balkans. Look at us and remember - the very same thing will be done to you, should you break up and show weakness. The West - is a chained, rabid dog, that shall tear out your throat. Brothers, remember the fate of Yugoslavia! Do not allow the same to be done to you! Russians, why do you
Apocalyptic: like OS X browser users wil be charged more than the rest ?
Apocalyptic: they're doing it on purpose, psychologic pressure and all
ThickAsThieves: maybe all the all combos started that way
ozbot: Hyperbole and a Half: The Alot is Better Than You at Everything
ThickAsThieves: 'In a statement, Huawei spokesman Bill Plummer criticized the spying measures. “If it is true, the irony is that exactly what they (NSA, US) are doing to us is what they have always charged that the Chinese are doing through us,” he said. “If such espionage has been truly conducted, then it is known that the company is independent and has no unusual ties to any government and that
nubbins`: "oh, shit, it's over there"
KRS-1: Bandwidth wasn't higher because cached content wasn't downloaded from the Web server again, only new content and new visitors was the delta.
ThickAsThieves: the forum of course
Apocalyptic: would like to know the source as well TAT
ThickAsThieves: "And MP if you think you are the most significant innovator in this space, get prepared to unexpectedly kneel. You will soon be reminded that this space is fundamentally driven by technologists/technology, not Romanian Wallstreet wannabees."
kakobrekla: fine then.
kakobrekla: >Am I correct that I will be losing btc on these bets even though I am winning the bet? If I am wrong then please do not cancel and refund, however if I am correct please cancel and refund.
kakobrekla: well it wasnt yesterday, it was noticed then.
kakobrekla: ThickAsThieves there was a breach yesterday, i decided to kill the container until uncompromisable version is up - you dont want to be running code that you dont know what it does.
ThickAsThieves: what is the intention?
ThickAsThieves: you used to have content, there no?
dexX7: invert the message
dexX7: " ahahaha so i'm not the only one :D
ThickAsThieves: so theyve spent years accommodating
ThickAsThieves: cuz their model is pretty much to invite ddos
ThickAsThieves: stop with the surgery line, it's presumptious at best
nubbins`: 5.5btc up for grabs there, potentially
novusordo: so what do you fellows think about the kraken audit process?
VanCleef: is there some bad news about neobee lately?
ThickAsThieves: so they maybe sell 10-15,000 each release
ThickAsThieves: wow music industry really is in the shitter
ThickAsThieves: "GWAR's latest album, "Battle Maximus", sold around 3,500 copies in the United States in its first week of release to debut at position No. 109 on The Billboard 200 chart. "
ThickAsThieves: the eternal question
VanCleef: i'm ready to learn about the power of love
mircea_popescu: (hint : just because your "employer" tells you to do something, it doesn't follow it's a good idea to do - either for them or for you)
mircea_popescu: it's in their thread, look for mpoe-pr's posts
mircea_popescu: the latter.
mircea_popescu: i had originally hoped maybe they actually come to something, but i was disabused of these notions.
mircea_popescu: well, each his own determination. i do not trust them, at all.
mircea_popescu: add more l's in there.
mircea_popescu: and their appaling response to mpoe-pr (failing to fire the appaling pr, mt-gox-esque cover-up and denial)
mircea_popescu: after their appaling performance (showing the same deposit addresses to multiple users, losing hundreds of btc in the process)
mircea_popescu: well i hadn't been doing business with actual romanian corps (as opposed to foreign run subsidiaries) for a decade. i had not been hiring romanians. for the past year i've not been writing in romanian, either, which means i don't even read the press
mircea_popescu: Jon Gordon @JonGordon11 It's simple. The more you prepare the better you perform. This goes for sports, business, tests, speeches and life.
VanCleef: good on them
mircea_popescu: dexX7 i don't mean you-you. i mean, "the community"
dexX7: hehe i'm not really following the mining stuff
VanCleef: "After the dotcom bubble and burst, they reinflated it with the real estate credit crisis bubble which also burst, now they've created the bubble of all bubbles its called the bailout bubble - The USA government launched bail outs, stimulus packages and guarantees to the tune of 10 trillion dollars. That's more than the total cost to the USA government for WW1, WW2, the Korean war, the Vietnam war, the invasion of Iraq and
mircea_popescu: there are at least two manufacturers who are delivering but never bothered with the forum, at all.
mircea_popescu: dexX7 you don't see the whole competition
dexX7: let's look at the competition. knc's neptune coming q2: "Minimum 3000GH/s" + "A 30% reduction in watts per GH" (currently about 1.6 w/gh afaik) + "$ 9,995.00"
mircea_popescu: mostly quoted for the "asia times by pepe escobar"
ozbot: Why the Impact of U.S. Sanctions on Russia Is Going to Be Exactly Zero | Alternet
dexX7: 1 btc+ due to the hype
mircea_popescu: from which you have to repay 6 to 12.8 dollars for the chip + all other setup and fixed costs and make a profit.
gribble: The expected generation output, at 12800000.0 Mhps, given difficulty of 4250217919.87, is 1.51455843716 BTC per day and 0.0631066015484 BTC per hour.
dexX7: yea well, the math is biased and doesn't factor in any expenses
mircea_popescu: ok let's then math this.
mircea_popescu: if they average 3% over the next 6 years then they made the 18% in question as it were
dexX7: about the chips: "Rated Hashrate: 12.8GHash/s per chip" + "Power Consumption: 0.2J/GHash low voltage, 0.35J/GHash rated voltage" + "0.49$/G-0.99$/G, depending on order size and delivery speed of choice."
mircea_popescu: not necessarily of the hashpower.
mircea_popescu: VanCleef the 18% is of the total hashes hashed by the network over your arbitrary interval
mircea_popescu: i thought you were somehow calcing the chips roi
dexX7: over one year there can be 1314000 btc mined
dexX7: okay.. there are 400k am shares, so to make 0.6 btc per share you'd need 240000 btc in total
mircea_popescu: what do the chips do, i forget. 3gh ?
VanCleef: and am is hardly mining anymore they will just be selling chips
dexX7: nothing - that's the point
dexX7: "The first wafers were out in March 22th. The engineering batch of packaged chips will be out in March 28th. After that we can immediately start testing on functionality and power consumption."
jurov: he wants the machine to sell euros immediately on the exchange, they are unable to deliver that feature
jurov: and they are out of order often
jurov: but the owner is complaining since
benkay: have lamassu shipped any of their ATMs?
gribble: The operation succeeded.
benkay: the raw byte array
benkay: <phantomcircuit> the better solution is to create a new "key" type that stores
benkay: disregard everything after the first pp