asciilifeform: and even then it's not a sure bet.
asciilifeform: if the 'seal' is connected to a burglar alarm, and a tripped alarm means a platoon of soldiers showing up in 30 sec., then sure.
asciilifeform: mircea_popescu: i mean either epoxy or seals, can these both work in any sense ? << depends on the exact sense wanted.
ThickAsThieves: they also love calling her "dovish"
ThickAsThieves: white dove, they call her
Duffer1: dexX7 but she is vice chair of the federal reserve so if she mentions bitcoin at all it would likely be interesting
nubbins`: nah, i'm not being paid to dick with graphics, i'm being paid to print them
ThickAsThieves: reflect the adjacent centimeter and send a proof
nubbins`: seriously, the back CD insert is a centimeter and a half too short.
nubbins`: he wants to pay a "graphic" "designer" to make something, he can pay them to fix their mistakes
ThickAsThieves: gd is the new blue collar derp job
nubbins`: how bad do you have to be at your job to not even bother researching the dimensions of the thing you're making?
nubbins`: he sends along the whole re:re:re:re:re:re:re: email chain from his designer, where i find out he paid this person $250 to design a couple of shitty inserts
dexX7_: http://live.reuters.com/Event/Janet_Yellens_Congressional_testimony this woman was listed in the letter of the "ban bitcoin senator" ... is this related?
nubbins`: of "graphic designers" who can't be fucked to do their jobs properly
ThickAsThieves: i s that when core devs learn to read the code?
ThickAsThieves: The Year 3000 Bug
Jere_Jones: Bitcoin is setup so that the coin generation will go to 0. Rewards will come from transaction fees.
pankkake: I think the reward is rounded, and it should end up rounded to zero
ThickAsThieves: core devs will save us either way
ThickAsThieves: how do you maintain the ledger?
kakobrekla: what the shit
ThickAsThieves: gonna be a another nailbiter http://bitbet.us/bet/712/bitcoin-difficulty-over-5-6b-before-april/
ozbot: imgur: the simple image sharer
ozbot: imgur: the simple image sharer
nubbins`: jurov, wouldn't you rather your pgp fingerprint printed on a shirt in same-color ink tho? ;D
chetty: Even the brain dead are starting to notice something is wrong pankkake
pankkake: interestingly, my mother, employed by the government and historically a socialist, is probably less blinded
mircea_popescu: this is not accidental but deliberate : the more unable to correctly price risk people are, the more they perceive the need for said government
mircea_popescu: making the world appear less risky and risky behaviour appear more rewarding than it is the case in fact.
mircea_popescu: because his parents have lived their entire life in a distorted environment engineered by government to misrepresent the feedback
mircea_popescu: because the random clueless noob believes his independence is ultimately more important than his survival
pankkake: why is the first step always to create an altcoin
ozbot: List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses
mircea_popescu: so basically it looks like the crimeea secedes.
mircea_popescu: like one of the ... 2 ? 3 ? sane journos
ThickAsThieves: they quote erik and some random
mircea_popescu: apparently the compartment where knowledge happens and the compartment where this stuff happens don't communicate in the average bitcoiner brain
mircea_popescu: you can tell vitalik there's no chance of that. i wouldn't trade a bitten sub for his crud.
mircea_popescu: ThickAsThieves they looked at atc and started dreamin'.
ThickAsThieves: we need to work around such a possibility. If no whales come onboard on such a scale, then we will have a small market cap to start off anyway."
ThickAsThieves: "We are seriously worried that if we offer a small cap then some large investor will simply gobble it up all at once, and then we'll basically have Ripple. Judging by the response we have gotten so far, we realized that it is entirely possible, even if unlikely, that some whale with 200000 BTC sitting around will decide that Ethereum just might be the right coin to throw 10% into, and
ThickAsThieves: i wonder how their raise went
mircea_popescu: the upper bound is about fiddy bux
mircea_popescu: of course, this would be the lower bound limit.
mircea_popescu: well in their case it is true
ThickAsThieves: “the grand jury is the total captive of the prosecutor who, if he is candid, will concede that he can indict anybody, at any time, for almost anything.”
mircea_popescu: meanwhile behind the coca cola courtain, http://www.slate.com/articles/news_and_politics/jurisprudence/2014/02/kaley_v_united_states_terrible_supreme_court_decision_lets_the_government.html
ozbot: Twitter / Bitcoin_Assets: @ethereumproject How about DERP?
ThickAsThieves: forgive me for retweeting every other tweet :)
ThickAsThieves: hmm the bitbet mod in the comments says any exchange with 1000btc vol will do if others are dead
pankkake: " Mt. Gox CEO Mark Karpeles will be found dead by the March 20th" lol
ThickAsThieves: i saw it loaded on the page
mircea_popescu: theoretically he was banned from the system at that point, but whether this is actually true or not has not been verified.
Duffer1: what's the extent of Ver's involvement w/ blockchain.info? is it angel investor only or does he have a more active role?
mircea_popescu: pretty much anyone who said this or variations thereof the past few weeks is either going to be prosecuted or called up as a witness.
dexX7_: but there was already a statement like "japan does not care, because it's btc"
mircea_popescu: and from the little i understand of the japanese legal system, amply sufficient to secure a conviction.
mircea_popescu: anyway yeah, sturles and others who made statements about it will be key witnesses once this goes to court in a few months
kakobrekla: the below reply from reptil guy is golden
dexX7_: didn't see the update till now
ThickAsThieves: they are gone
dexX7_: he wanted to buy a lot of goxcoins in the -otc thread
ThickAsThieves: really the dude is in a constant state of nervousness, maybe he did know
ThickAsThieves: "There was no evidence that hundreds of thousands of coins were missing when Roger Ver made the so-called “hostage” video six months ago." for reference: http://imgur.com/gHrMX1y
ozbot: Charlie Shrem | Something’s Not Right On The Mountain of Gox
dexX7_: http://www.businessinsider.com/senator-calls-for-bitcoin-ban-2014-2 ... there was one surprising part: "I have already written to regulators once on the now-closed Silkroad ... That is why more than a handful of countries, and their banking systems, have cautioned against the use of Bitcoin." - if this is true, he seems to have some influence?
ThickAsThieves: Duffer1 there is a public list of all Icelanders I believe
dexX7_: Duffer1: as far as i know there is some kind of "claim portal" website
mircea_popescu: kids need their rumspringa room.
Duffer1: i'm curious how they're going to hand it out
usaoscoin: http://www.reddit.com/r/Bitcoin/comments/1z2s8k/who_is_2_bit_idiot_why_does_he_get_these/cfpzqaf
mircea_popescu: how many people get special made twitter accts to derp at them ?
mircea_popescu: "now the scammers are fucked and mp doesn't want to talk to us. what shall we do!11 bitcoin is dieing!!11"
ThickAsThieves: there was a time i really wanted to work there, I poured over job listings for a few weeks and never saw one thing I wanted to do
mircea_popescu: anyway, it's hysterical. "o guise, we backed the scammers, tho mp told us not to. and we were impertinent to mp"
ThickAsThieves: "Say what you like about Google, but it isn’t an easy place to get hired at. The entrance interviews are notoriously tough, and it is a highly desired employer – which makes Mike Hearn’s departure all the more notable."
mircea_popescu: most literate people have a lot of trouble with the illiterate approach promoted by twitter and cellphone companies.
mircea_popescu: not that the chan itself can't be logged.
mircea_popescu: the idea is that random joe schmoe can't log a chan he doesn't own
mircea_popescu: dexX7_ you misunderstand the freenode policies.
ThickAsThieves: isnt it linked in the topic?
MisterE: omg get the #freenode police heh
dexX7_: no logging without warning in the channel topic :p
mircea_popescu: too expensive for them to maintain narrow band anyway
ThickAsThieves: "In the past week, the People’s Bank of China has been trying to inject more two-way volatility into yuan trading by guiding the currency lower, an effort Chinese officials and analysts say is aimed at paving the way for widening the yuan’s trading band sometime this year."
ThickAsThieves: look china wants to mimic bitcoin http://blogs.wsj.com/moneybeat/2014/02/27/what-happens-if-china-widens-the-yuans-trading-band/
mircea_popescu: dexX7_ they were still pr-izing at the time, hoping beyond hope they'll find a sucker somewhere.
dexX7_: this was before the crisis paper went public
ThickAsThieves: not the crisis one
ThickAsThieves: i'm referring to the business plan
dexX7_: wall street journal. no paywall: http://www.reddit.com/r/Bitcoin/comments/1ytb3o/japans_authorities_decline_to_step_in_on_bitcoin/cfnk8nz -- "According to documents seen by The Wall Street Journal, Tibanne Co., which operates Mt. Gox, is expected to generate a small profit in the fiscal year ending in March from exchange transaction fees."
wbaw: well, the plan looks pretty illegal to my uninformed opinion
ThickAsThieves: obv you dont buy a mtgox without seeing the coins
ThickAsThieves: or, the ones that were interested in the plan were the ones who then unearthed the dirtier truth
ThickAsThieves: unless something was able to be gleaned from the financial page
ThickAsThieves: the business plan had no juicy info really
Apocalyptic: " but one article clearly referenced the expected return for 2014." it's in the business plan
dexX7_: the stuff was not only leaked to investors/exchanges, but also to the press. or it was leaked to the press from one of them.. i'm not sure right now where i read it, but one article clearly referenced the expected return for 2014.
Apocalyptic: what's funnier is some people are so in denial up to the point they're even doubting mtgox is missing coins, at this very moment
mircea_popescu: the exact same scumbags are already inflating a replacement mtgox.
mircea_popescu: insider spilled the dirt, all over forum ?
mircea_popescu: recall when the bitfinex was broken in half last time ?
ThickAsThieves: like Bitstamp selling 25k btc after Mark walks out the room or such
mircea_popescu: that's because they're scum, and that's what scum knows and does.
mircea_popescu: you mean how come the various contemptible schmucks - like jesse powell, like roger ver, like etc did not go
mircea_popescu: there's no such thing as "disregard what mp says expect to be able to survive"
ThickAsThieves: i dont know the legality
dexX7_: were they obligated to leak such info? isn't this stuff kinda confidential?
ThickAsThieves: as it seems they were approached
ThickAsThieves: secondmarket may be the most exposed
ThickAsThieves: also, like, even if you did make sure to sell all your coins first, how could you not leak this info to the public sooner?
thickasthieves: the story of where this reached isn't done, and more than gox will go down for acting on it's insolvency
mircea_popescu: The problem is, the lot of them being packed up and hauled to jail would be no such infringement. It is at this point perfectly reasonable and quite unavoidable. Sure, theyll try and sell this libertarian angle, thats the curse of being pro-freedom : all the scumbags try to exploit you for their little profit turning ideas. It wont wash.
mircea_popescu: Once that happens, I am positive and certain that the same people who are now running around calling their betters names will try to turn things into some sort of mean state infringing on peoples rights. They have a fine record at trying exactly that.vi
mircea_popescu: will be fun to watch the unwinding of it.
ThickerThanThiev: so basically gox gave all the exhcnage leaders head's up to sell
jurov: it's there
jurov: the20year1: i usually search in logs before posting
the20year1: http://jesse.forthewin.com/blog/2014/02/unilateral-statement-regarding-fucked-up-shit-and-the-greater-good.html?cpm=329
ozbot: The Wallet Inspector’s Promise | When Bitcoin Met Pete
ArsKisS: now you can remove the walls, folks
mircea_popescu: a bassoonist with a jd in law that was the best the wikimedia foundation could do for counsel this past decade
mircea_popescu: apparently mtgox was the cat's tits,
mircea_popescu: and then go nuts on the forum about how he sent some guy his last fifty bucks and can't afford food for the week now.
mircea_popescu: BingoBoingo roger ver is one of those guys that love to talk to people and then talk to people about how many people he talks to
mircea_popescu: it's beyond the fucking pale.
mircea_popescu: basically there's this core of idiots and scammers and the idiots just won't let the scammers loose.
jurov: i'm certain karpeles did ask them to help, too
jurov: dunno, they're making some preparations here
mircea_popescu: i don't think anyone seriously considered the ukrainians moving en masse
mircea_popescu: jurov amusingly, romania had a published (but not public) policy of allowing open immigration for israelis should they need it
markov: l33t. you guys must be one of the few intelligent people left in the eastern european countries
jurov: markov i'd rather recommend coinroll
markov: i guess ill just gamble on just-dice to make them back
mircea_popescu: asciilifeform http://www.wsws.org/en/articles/2014/02/25/scho-f25.html you'll love the names.
mircea_popescu: meanwhile, "Greek police, under the orders of the Ministry of Public Order & Citizen Protection, have begun to enter schools in order to establish the political views and activities of schoolchildren and their families"
mircea_popescu: markov i guess that proves the alleged founder of dreamhost is an idiot ?
markov: "I had no inside knowledge of the situation at mtgox and am truly shocked at the current state of their affairs. I personally have over 8,000 GOXBTC and $400,000 USD locked in their system, and am still converting all "real" BTC trading fees from the site to GOXBTC, and I will never sell any personal GOXBTC via this site. "
mircea_popescu: thats why we have the wot and on it goes.
markov: mircea_popescu: the same could be about MPex though... 'just some website'
goxxed: I bought >600 goxbtc during the last hours. I'm convinced it will be one of the best investments of 2014
markov: it should probably be goxASSETS/goxLIABILITIES which is what account holders will receive during the bankruptcy
mircea_popescu: markov http://trilema.com/2013/accounting-for-the-nonzero-asset-corporation-the-mpex-standard/
mircea_popescu: afaik coinlab is really in the red.
mircea_popescu: dexX7_ because their accounting was a complete mess, and because they never followed the an0 spec, things that'd be normally deductions have no scriptural basis.
mircea_popescu: they've been pretty much lieing at every turn since 2011.
markov: like seriously what the fuck is wrong with this idiot??
markov: mircea_popescu: how could he be so stupid to lose the keys???!
mircea_popescu: part of it was lost to an unclear event which may be some sort of dwolla backstab or else some deal or who the fuck knows
mircea_popescu: (this goes right backl to the earlier discussion re "lawyers")
mircea_popescu: dexX7_ part of it was lost to the usg, as a result of karpeles signing false documents
dexX7_: is there any publickey to pubkeyhash converter online?
jurov: there's also this from krakens ceo
jurov: http://jesse.forthewin.com/blog/2014/02/unilateral-statement-regarding-fucked-up-shit-and-the-greater-good.html?cpm=329
cazalla: i don't own enough so the removal of 750k would at least push me up a notch albeit a small nudge
mark0v: seems like there was a hack early on, and everything since then has been an attempt to make back coins by speculating
dexX7_: the crisis paper also states a miss of 55 mio usd
mark0v: at $10/coin... which was stupid because as the price rises, they'd never be able to buy back coins to pay investors back
mark0v: mircea_popescu: so, they were speculating with depositors coins and making acquisisions with them?
mircea_popescu: it's a good idea to read the logs.
mark0v: blockchain is publically auditable, we need the withdrawl logs
mark0v: no news on where the actual coins are yet...
mark0v: doesnt really say where the coins are
jurov: mark0v: just check the twobitidiots blog
mircea_popescu: yes, they were/
dexX7_: there are those rumors that multiple investors were contacted to bailout/buy gox etc.
mircea_popescu: http://log.bitcoin-assets.com/?date=23-02-2014#523392 < i suspect that is the link you're looking for.
mircea_popescu: mebbe i call them... Burnside
jurov: however, it remains to consideration whether retardation is "pulmonary, inflammatory and infectious disease"
jurov: yes, it's there, too
davout: i don't know how it works in other countries, but in france when you trademark sthg, you must also specify the scope in terms of activity the trademark is to be used in
mircea_popescu: jurov thee's a lot of stuff. Pharmaceutical preparations for the treatment of pulmonary, inflammatory and infectious diseases ; Management and organization of multi-purpose exhibit showrooms for others ; Electric and electronic video surveillance installations.
jurov: "For example, the search term *DOG* ..." lmaooooo
davout: "introducing the goxxed dildo, can get in, but with its spikes, IT CAN'T GET OU!!1"
jurov: there's something
jurov: http://tmsearch.uspto.gov/bin/gate.exe?f=searchss&state=4810:ry2ygn.1.1 go there, search for mpex
davout: imagine all the goxxed goodies you could make
davout: i'm pretty sure the "goxxed" term is worth more xD
davout: i'm not sure the bitcoin trademark is worth that much
mircea_popescu: but hey, what's the rush to figuring things out.
mircea_popescu: which is why strategically competent people called themselves MPEx rather than BTCex
davout: oh yeah, i forgot about the trademark
davout: that, i believe, is one of the most plausible scenarii
mircea_popescu: the only thing is the bitcoin trademark, which was IDIOTICALLY assigned to mtgox by people without a clue
davout: my account there is empty since 2011
davout: i'm also kinda wondering whether it'll be a 100% haircut on BTC for everyone, or some lower number
davout: the polish exchange was 17k iirc
davout: yeah, probably not, would still be curious about the results of some sort of forensic financial audit
mircea_popescu: they lost like 50k buying some bs polish exchange
mircea_popescu: jurov they lost about 200k in one go o nthat 1 cent/btc debacle in 2011 if you recall
InfiniteRadio_: Shirts are great...i put "Justin Bieber stole my girlfriend" on 25 shirts and sold em all for $20 on my campus...although my "I don't care about pizza...i only care about parties" didn't do so hot....broke even though with the biebs
jurov: using that method they could have easily lost more than total btc in circulation
mircea_popescu: the20year1: is it provable/possible that gox has 740k bitcoins 'somewhere'? < that figure includes all their numerous historical losses going back 4 years, converted to bitcoin at the time of loss
mircea_popescu: o look decimation had it before me :D sorry, hadn't read the entire log.
jurov: that would be a tech feat, fitting so much data there
gribble: The operation succeeded.
davout: i'm sure if you print out the previous year for use in N+1 it'd still be useful to some!
B007: I have to look at the logs..
B007: you made the SEC hang out on irc - lol
mircea_popescu: what are these gypsy muzaks
gribble: The operation succeeded.
mircea_popescu: chocolate, clothes...
B007: in your twitter pic...WHAT IN THE BAG?
jurov: and then goes away like "okay imma fuck"
jurov: spouts infeasible idea on them
jurov: on the land, i mean
mircea_popescu: cause you're launching it from the ocean floor.