decimation: it's their fiat anyway
mircea_popescu: the retirement account.
davout: mircea_popescu: the BTC
mircea_popescu: davout thats okay, let them tax it.
Apocalyptic: davout, could they get it upon request ?
decimation: yeah, but the way it works in the us is that you must have a custodian for your retirement account (tax free accrual)
davout: Apocalyptic: just FTR LW has access to your EUR data, they have zero access to your BTC history and activity
mircea_popescu: only if you're looking for them to invest for you
decimation: why should some third party keep your keys because the gov't says?
ozbot: Time for Europe to repeal the US-backed AML crap. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2013/time-for-europe-to-repeal-the-us-backed-aml-crap/ < there. see the pic.
mircea_popescu: ;;google Time for Europe to repeal the US-backed AML crap
decimation: Of course, many of these assets are "invested" in stocks, run by bandits who pump & dump the price
decimation: Total U.S. retirement assets were $17.5 trillion as of December 31, 2010, up 5.2 percent in the fourth quarter of 2010 and up 9.1 percent for the year.
Apocalyptic: you stick to the btc stuff
Apocalyptic: when essentially LW is the policemen and in charge of validating clients
davout: mircea_popescu: what is it you said once about one party of a deal saying "that's the way it's gonna be" again ?
mircea_popescu: i mnean sure, they can continue talking to the scammers and be scammed till they're happy and had enough.
mircea_popescu: if they take back enforcing, we can talk.
benkay: leave those jurisdictions, then.
davout: there's no such thing as a "ok you're kosher" kind of stamp
mircea_popescu: davout so that's what new york may offer to convince me to ok their license bs :
davout: that how it works though, and it's the sad state of affairs where if you have any sort of financial license you *are* required to monitor activity, and pretty much be the police
decimation: If I'm right, then the next leg up on the BTC/USD is going to happen when the trillions of $ in retirement accounts start washing into BTC; via Gresham's law
mircea_popescu: you get the license, the customer applies with the agency. you get the ok, you are legally immune
mircea_popescu: the only sane way to do that would be making a state agency which handles the aml kyc.
mircea_popescu: the us turning into a sort of continent sized syria is however also quite possible.
mircea_popescu: herbijudlestoids this dovetails neatly into an older saying of mine, re the sailor being required to sail the boat in any wind.
mircea_popescu: maybe not then
mircea_popescu: it is illusory. and it blinds you to the actual safety in barren lands
herbijudlestoids: they are potentially not undercapitalised
mircea_popescu: why would they throw 100 btc on atc ?
ThickAsThieves: plus if you mm there, i'll have someone to play with!
mircea_popescu: the thinking is like this : it's a bare market.
herbijudlestoids: mircea_popescu: i get the joke, its amusing. but i am not sure why you feel what im saying is an indication of trouble for me stepping outside my comfort zone
mircea_popescu: ThickAsThieves generally, if you live in a town where people have the right to bear arms, it's better to live in the one where people actually know how to use arms.
ThickAsThieves: mp wants his troops trained before the battle
mircea_popescu: the asshole's laying out some shit from his case onto a small table
mircea_popescu: guy follows gal in the room, she sprawls herself on bed, "Honey what'd you like ? cunt ? assgole ?"
mircea_popescu: so he leaves. goes to next brothel.
mircea_popescu: they bring him a $250 a number chick
mircea_popescu: guy goes to brothel, asks for most expensive dame
mircea_popescu: you know the joke ?
mircea_popescu: herbijudlestoids you familiar with the concept that he who can't make a sharpened stick can't make an airplane or anything else ?
herbijudlestoids: so its not as if there is some vol to scalp
herbijudlestoids: we arent talking about an exchange running asset class where there is intraday vol
mircea_popescu: see Jere_Jones people have a lot of trouble stepping outside of the environment they perceive as familiar and thus imagine safe.
ThickAsThieves: <mircea_popescu> ThickAsThieves you're the scamspert, do you like cryptsy ? <<<< i dont know any of the people doing any of em, but this morning i inquired with all of them
herbijudlestoids: mircea_popescu: like i said. the market has no liquidity, which makes the only game in town worth playing, making markets. if i cant make on both sides of the book, then its basically me just selling ATC arbitrarily, or i gotta take some initial losses to generate BTC from ATC sales and use those small amount of BTC to make the bids
mike_c: mircea_popescu: the "vendor expoliting tx malleability until our wallet was empty" was the silk road excuse, not the mtgox excuse i believe
mircea_popescu: mkay then. we don't like cryptsy.
herbijudlestoids: hes mentioning other ones iirc
herbijudlestoids: certainly not the xchange iv been hearing ThickAsThieves talking about
mircea_popescu: ThickAsThieves you're the scamspert, do you like cryptsy ?
mircea_popescu: if it's hard when it's easy then it's hard permanently.
herbijudlestoids: unless i have the fund to make my own market
herbijudlestoids: or do i have to take some ATC hits to generate my own BTC to limit the market
herbijudlestoids: will you send me some BTC to actually limit bid the market?
herbijudlestoids: by the time igot back
herbijudlestoids: went to the bathroom and someone had cleared about 5.25 out
mircea_popescu: Theyre not in fact receiving as much as recognition of status or effort, they find themselves in the untenable position of a poor immigrant who is spending all his wages and borrowing at unbearable, immigrant-ghetto rates to buy flowers and wine for some local beauty who barely even registers their desperation or even presence.
mircea_popescu: Add to the very narrow margins and very active competition the burden of regulatory infringement. Money changers are spending as it is now literally immense sums (in Bitcoin terms) to try and mostly comply with obscure and convoluted regulation, which they cant avoid or ignore because theyre always stuck with one foot in fiat. In exchange for this draining expenditure they are receiving nothing at all, certainly
mircea_popescu: pretty much the only thing one can say about 2014 btc/fiat is "spreads"
mircea_popescu: Bugpowder how did that hk thing work in the end ?
Bugpowder: I'll give it a try again. I have a bit of an issue because I use a sub key for my own key and need to specify it directly in the pyMPEX script.
mod6: lol "Moderators: MagicalTux" :: He'd prolly just delete the post.
mircea_popescu: mod6 that's their curse, nobody with a clue has accounts
mircea_popescu: mod6 link him to the earlier discussion here ?
Bugpowder: Thinknig of making some more money on S.MPOE... just need to get the new key working with pyMPEX
mod6: kids these days..
ozbot: Does anyone want to sell me there MT Gox account ? : MtGox
mod6: http://www.reddit.com/r/MtGox/comments/1xu56k/does_anyone_want_to_sell_me_there_mt_gox_account/
mircea_popescu: mod6 im sure it'll be all the rage on reddit.
ozbot: The Bitcoin Conference Nobody Went To pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: http://trilema.com/2012/the-bitcoin-conference-nobody-went-to/ << 2012 stuff. "10% return on my S.MPOE trade today yesss 4.5 BTC" ; "It was a once in a lifetime opportunity I bought all that was available below 36000"
kakobrekla: i have no other explanation
mircea_popescu: they're srsly handspamming us ?
mircea_popescu: but then as btc exploded i kind-of lost track
mircea_popescu: kakobrekla well old timer, was really excited when btc broke 30, posted a story on forum about how he bought btc w/o his partner's knowledge out of their savbings, then sold out and bought a car
decimation: ascii - in your article the interviewer proposes fixing the diddled NIC with a TPM chip - lel
ozbot: MtGox and ancient Bitcoin history - the straight dope. pe Trilema - Un blog de Mircea Popescu.
ThickAsThieves: and then gives some examples of things he's considering
asciilifeform: virtually no one gets to 'design a computer' now. (not apple, either.) they get to glue the same old crap together in mildly-different ways.
ThickAsThieves: mircea_popescu lawsky wants you to write more blogs to tell him how to make the bitlicense regulations https://www.youtube.com/watch?v=zhIZd9b2-Qs#t=697
asciilifeform: that is, not the fact of dma being satanic in and of itself (it isn't), but just how thoroughly hardware designers are enslaved by architectural oddness beyond their control.
asciilifeform: i mention this in the hope of making it clear how pervasive the architectural problem mentioned in MP's piece is.
asciilifeform: DMA is also not really confined to PC arch; there's the fact that all recent (20 yrs. or so) DRAM works best in 'burst mode'
asciilifeform: re: DMA: it, in itself, is not the problem. the problem, as always, is in the 'mouse-breeding kitchen' of the PC arch. in general.
mircea_popescu: kind of what we're doing here, for that matter. trying to breed the sort of people that can compete with mpex.
mircea_popescu: it's not hard in a technological sense, that's the easy part (even if it's what the emotion mill people seem to stumble over)
mircea_popescu: sure, just as soon as that other man is willing to eat dog.
mircea_popescu: could a soviet soldier be replaced by any other man ?
asciilifeform: ('in the birdlessness, my arse is a nightingale')
asciilifeform: although at the time i asked this question, i was not fully aware of the 'birdlessness' of the field.
asciilifeform: question should've been more specific: 'what if' a 'soviet clone' of mpex, that is, one which bows in agreement to all of the technical decisions.
mircea_popescu: ie, the appearance and the reality easily cleaves (a word is an engineering term if appearance and reality never cleave)
asciilifeform: 'a "good enough" clone that meets the basic criterion of "not being an outright scam'...
asciilifeform: nah, they'll just say 'wreckers' (or some suitably anglicised equivalent) and be done with it.
bloctoc: I wonder how long it will take for the phrase "Silk Road" to replace the word "Al Quaida" as American Press' most feared thingy.
asciilifeform: solves the problem of 'how do i throw bits out (say,) the DAC, at X kHZ, regardless of what load OS is grunting under.'
mircea_popescu: back then it was safe.
mircea_popescu: benkay i have my doubts 4k btc found their way to said dubious sr thing.
benkay: pretty astonishing number of coins hitting these mktplacen
mircea_popescu: perfect excuse to the "we run off with teh coin" thing. much better than the used up "we were haxed" workhorse.
mircea_popescu: trace that "vendor", it's them.
Duffer1: "Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability” to repeatedly withdraw coins from our system until it was completely empty."
asciilifeform: at some point these folks will grow brains
ThickAsThieves: "First off, Facebook says that San Francisco residents have the smallest chance of getting into a relationship among people in any of the 50 largest American cities."
mircea_popescu: then the investors who he did find that didn't heed my "you will be butchered" warning got their fingers caught.
mircea_popescu: ThickAsThieves "because they were saving it so karpeles could offer a "credible" lie as to why his well known fractional reserve scam blew open" ?
ThickAsThieves: Karpeles: "The Bitcoin Foundation has hired Bitcoin Developers for the purpose of promoting Bitcoin use. I guess the most puzzling part is why this issue hasn’t be[en] solved since 2011."
benkay: that's the kind of home remodeling i can get into...
benkay: pankkake: i want to sleep in a completely-blacked out room that spins up the lights with the daylight.
benkay: i'm a huge fan of the pot lights
pankkake: overall I like the halogen replacements. they definitely are not low consumption but they seem to last longer
mircea_popescu: asciilifeform nah, this is the thing : http://www.edisontechcenter.org/lighting/mercVapor/MercGlowDiagram.jpg
asciilifeform: you can get pretty much any spectrum you want (other than blackbody) - just buy the right rare earths.
asciilifeform: FL isn't a hg arc lamp, the 'fluorescent' refers to the inner coating of the bulb, well, fluorescing.
mircea_popescu: the philips shits
asciilifeform: mircea_popescu: you're thinking of 'fluorescent' tube, rather than halogen
mircea_popescu: so you know, instead of having that thing settle somewhere in the desert, it simply got moved in your kitchen.
mircea_popescu: ceteris paribus the halogen lamps reduce this to about .4 X
mircea_popescu: the coal burning power plants release X mercury into atmosphere as part of their working.
pankkake: so we saved the word
mircea_popescu: the best part to my taste is this :?
mircea_popescu: pankkake together with our powers combined we are
mircea_popescu: a good approximation of nature, at the very least
mircea_popescu: like the coin flip etc
mircea_popescu: once you have an actual rng, there's tricks to fix it
asciilifeform: any rng where a planet full of bozos contributes to the state is arguably questionable
mircea_popescu: they're an actual rng
asciilifeform: when using a trng, there is no way to mechanically prove that you are doing so
asciilifeform: well, the whole concept, as i understand, is based on using a prng and disclosing seeds periodically.
mircea_popescu: fun twist : http://trilema.com/2011/earth-hour-s-o-facem-lata/ back in march 2011 i got pissed off at earth hour and declared i will plug everything i nthe house and make my vid card go 100% just so!
asciilifeform: see 'The Eudaemonic Pie.'
mircea_popescu: i put a lookout for the "mysterious m_c player emptied jd bank" threads
asciilifeform: well, taking the whole piggy home is a kind of 'publish.'
Apocalyptic: and we'll know that you're slowly drying out the investment pool
mike_c: if i don't publish anything you'll know what the results were :)
mircea_popescu: or maybe just you know, the bottom of a monte carlo.
mircea_popescu: mike_c maybe testing the randomness ?
Apocalyptic: hey mike_c, working on the JD investment analysis ?
mike_c: who are these people betting 20 satoshis on JD? how is that fun?
asciilifeform: they lifted some turd from my site a while ago, too
mircea_popescu: check out these fuckwits. "here's a scathing mp article we stole. would you like to buy ripples now ?"
mircea_popescu: i liked the madonna version.
benkay: "i can still remember when/the us used to get shit done"
benkay: is it so surprising, though mircea_popescu? the us is the land of 'get rich quick accidentally'. people don't understand the world at all, so anything mysterious might make them rich as they don't understand things to begin with.
mircea_popescu: both the big jumps are simply switching to a different, more powerful, cheaper, easier to deploy aspect of the same principle
kakobrekla: waterfalling -> put off the fire -> metalworking with cold metal
benkay: yeah i got there eventually
benkay: the depths of my ignorance...
mircea_popescu: yes. fire and waterfall, the original things that europe used to fuck over the entire rest of the world.
mircea_popescu: we're reduced to an emotions mill. the only power we can still harness.
mircea_popescu: basically everythning the western world is capable of making anymore is powered by mass curiosity, boredom, fear, generally emotions.
mircea_popescu: funny how people just rehash the same old scams. so bitcoin investment gems run dry ? it's okay, make doge, the altchain investment gem
benkay: i might just mandate that television watching happens on that thing in the corner.
benkay: although babes want to consume television in various places around the house
mircea_popescu: and yes i tell you, desktops are the best tops.
mircea_popescu: kakobrekla why did you break the nice guy's firewall ?
mircea_popescu: well fuck you then.
asciilifeform: afaik, among the last laptops made in japan
asciilifeform: one you learn to type with 8 fingers, it's among the best laptop kbds.
benkay: "oh and also we added new widgets to the UI and forced a push out to all boxen so here you go now your perfectly serviceable 2 year old device runs at 1/4 speed because ACCELEROMETER-CONNECTED UI WIDGETRY"
mircea_popescu: CheckDavid well yeah, it emerged in the conversation. this was happening cca 2003 so i guess it checks out.
CheckDavid: mircea_popescu, that is with the old batteries
CheckDavid: the best thing?
CheckDavid: <mircea_popescu> apparently the best thing for a battery is for it to be charged, stored a week or two, discharged, recharged etc. <-- what?
mircea_popescu: srsly now... if you've not outgrown your toys in two years it's time for the parents to pack you off for the development specialist. you got issues.
asciilifeform: Li cell is a scam on the consumer, really. more or less worthless after 2 yrs. or so.
mircea_popescu: so i guess this answers the q :D
asciilifeform: depends on the cell chemistry
mircea_popescu: apparently the best thing for a battery is for it to be charged, stored a week or two, discharged, recharged etc.
asciilifeform: not me. but people with certain odd habits (working in cafes, on the shitter, etc)
davout: asciilifeform: the macbook air gets pretty close
asciilifeform: the 'tablet terminal' crap would probably vanish if <1kg laptops with 12+hr batteries were available.
mircea_popescu: seems for all the trouble you could have just had a dildo.
mircea_popescu: that should work then
mircea_popescu: why the fuck would you run ios on anything but a tablet.
davout: not sure about a laptop that's not plugged to the power
davout: mircea_popescu: yeah ios sucks, but on a powered laptop or on a desktop the wifi doesn't go just because the display goes off
mircea_popescu: chick has a tablet, can't be used for irc because apple has decided it will turn off devices. unless you root the shit you're stuck.
benkay: another 2 hour vm provisioning killed because apple kills the wifi card when the display goes off.
mircea_popescu: all the while cisco reports quarters of zero sales
mircea_popescu: which opens a door just in time. a brazilian made "ancient" technology nic could command a premium in the marketplace
mircea_popescu: however, just about at the same time the most important industry of the colonizers, ie silicone processing, has "progressed" past the point of usefulness
mircea_popescu: well suddenly the ex-colonizers decide the kind of lightbulbs they can make are illegal to use.
mircea_popescu: however, by the time they get their tech to the level of making their own lightbulbs and other peripherals
mircea_popescu: it's funny how this battle goes over the years. africa, south america and central asia are colonised, because they suck.
mircea_popescu: which ironically will be a major chance for the third world.
asciilifeform: those 'willing to open their third eye' will see the market for deliberately-minimal HW - e.g. NICs without general-purpose CPUs, etc.
mircea_popescu: this is not actually correct. the correct way is triangular network designs.
mircea_popescu: Arrigo Triulzi: The only way would be trusted computing if implemented properly and without the DRM halo which it normally carries.
mircea_popescu: Well, I would say that it took me approximately 500 man-hours to get to the stage of having a working "shell"
asciilifeform: fun for the whole family
mircea_popescu: guy's not even in the wot.
asciilifeform: mircea_popescu: from the Fun With Widgets dept.: http://cryptome.org/2014/02/nic-ssh-rootkit.htm
HeySteve2: well, the coin launched with an open letter from Wolong.
HeySteve2: indeed, but I forgot the best feature. Wolong said he's ready to work with authorities to combat terrorism right in the announce thread
HeySteve2: ah, mircea_popescu. I was wondering you had any comment on "Pandacoin PANDA AKA The Asian Doge Coin / Doge 2.0"
asciilifeform: gift from the spam gods?
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Bitstamp. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure (1 more message)
mike_c: oh my. "The current version simply sends the appropriate packets to vulnerable cards and updates them"
jurov: should the niggers.txt meme get officially recognized on ud
davout: what's the reference BTCUSD rate used for options ?
herbijudlestoids: most of the transactions are for small fractions obviously