theo: Really it is irreleveant? how about go look at the company who made BTCtrader performed on the stock market the day they announced there beta ended? or how about the casino company who announced they were making a exchange? both stocks went up by 5-10% in a single day thats called mass media arround BTC affecting the world
theo: Actually there is a lot, no good advice is free usually
theo: how does one hyperventilate on the internet?
jurov: so it's your side noted against my "jabs" then
theo: I used the IPO of SFI as reasoning and side noted that there companies had recieved mass media.
theo: <jurov> did you invest into doge, then? it has mass media powers\
jurov: theo can you pinpoint where i'm mocking you?
theo: So right now it seems more like your making fun of my questions and what i think then providing any reasoning other then MPEX has been there ages and you should use my company to trade on it for my profit. Seriously great IRC.
theo: https://drive.google.com/folderview?id=0B2SWZWkGJ1V3UEo0Q0lESk5nd0k&usp=sharing the google doc they have. Updated twice a month
jurov: did you invest into doge, then? it has mass media powers
theo: herpa derp, no it has little to do with mass media... But what i was implying is that if a incubator company that has 3 of there companies being mentioned in media a) it will do well. and b) in my mind it makes me think that there may be some more creedence to the website
jurov: and name me some stocks there that have detailed monthly reports and clear signed agreements like mpex carries
jurov: it's clear at least once cavirtex did what they did
theo: they have SFI which to me was a big thumbs up in my mind a IPO that raised 2 million
jurov: imo they are going to end up like glbse/bf/btct, if a bit slower
theo: What are your thought's? do you think they will?
theo: in the end i am a mid-long term investment. Dont usually have time for short term trading as i have a family
theo: Well currently i am quiet happy with havelock the only thing is that they don't have a large selection to choose from, well at least a large selection i believe could do well as buisness
theo: The only thing is that the profits from the website itself would have to be more then the 25 BTC i Invest and the additional funds i would invest after the origional down payment
theo: yeh i have already seen that site with the referall and manuals. Tis what got me more interested in MPEX Though i am not sure that they really offer anything i would invest into other then the derivatives scheme they offer as a baseline
jurov: random_cat, theo : one referral number to MPEx is there in plain sight: http://explo.yt/post/2014/01/13/MPEx%3A-The-Missing-Manual
jurov: and having the invitation code is not compulsory, that was only for a month or so
kakobrekla: yes its 30, but if you posses the skill of reading level 7 or higher, its 25
theo: coinbr is that the company that lets you trade on them through them as a proxie? and only charges a fee
kakobrekla: theo, coinbr
Namworld: It was more fun when SatoshiDice traded on there. I have an account, that I don't use that much anymore, sadly.
Namworld: The owner can be pretty provocative/be vocal with unpopular opinions.
theo: I agree hence why i was asking here to see others opinions.
Namworld: Whatever those reddits thread said, I'm sure they were innacurate.
theo: ok. I just read on a few reddit topics and other things
Namworld: That he will never be found? Where the heck have you read that?
theo: I do realise it has a long history. But so have some of the biggest ponzi schemes
theo: Well the owner of the exchange is very adament that he will never be found and you can do what you like to try and track it
theo: this is my favorite band at the moment (though i am bias as its one of my best friends band)
theo: il send 1 other link and see what you think very different music again
theo: if you ever want up and coming Australian bands i have to many of them. lol. Yeah momma sed to me is how i think all men should act. just a good set of lyrics
KRS-One: ya the build up
KRS-One: i go on undernet #mp3passion to download mp3's sometimes i watch the traffic go by and check out different stuff..kinda works for me.
theo: Yeah the build up and just the lyrics "the hands of the many must join as one. and Together we will cross the river"
theo: yeh same here the only way i now get exposed to new music is through my DJ friends and a recording label i hang at. Otherwise it would take so long to go through everything.
KRS-One: the humbling seems pretty powerful
KRS-One: theo: me and Vexual trade links from time to time and b.s.
KRS-One: funny, i used to get exposed to different music when i'd download mp3's from livewire and what not when i would check out other music peopl ehad
theo: let me know what you think of the humbling
theo: KRS-one: your welcome brother i can link you on to many other similar bands that are small time or for some reason no one knows :)
KRS-One: Thanks a lot theo
kakobrekla: keep up the good work!
kakobrekla: just think about people reading the logs when you type spam in this window thank you
theo: yeh and the deep voice.
theo: yeah maynard is the writer for tool APC and puscifer. Plus he also did some green jelly back in the 70's
theo: ahhhhhh not the @ss
theo: KRS-one: these guys are tool and APC combinded into a much better version me thinks my fav song is this one here http://www.youtube.com/watch?v=dR3ccmWmLhk (its the anthem to my life or how i want to live) and this one is is just more calm and flowing but still amazing http://www.youtube.com/watch?v=O0YxeTjFn70. (since k hasent answered il take the risk and link lol)
KRS-One: kakobrekla: maybe not so bad when theres nothing going on?
KRS-One: theo...no?
theo: Well maynard is in both and writes for both of them lol.
kakobrekla: anywho, the point is, the utility of music yt links is so low on -assets i discourage them, strongly.
theo: KRS-one: they really are, i am amazed they haven't gained the famity of Tool as of yet. But time will tell. Got to see them live last year best experience ever
KRS-One: Haven't listened to them in a while.
KRS-One: Aw yeah theo
theo: The king maynard knows how to write music and damn he knows how to sing
KRS-One: sure is...different..these guys are real artists.
KRS-One: Feel free to send another one some time thats a bit different
KRS-One: kind of reminds me of the hardcore Cuban music I get exposed to here..they're very instrumental, trumpets, drums, etc.
KRS-One: maybe throttle the submissions a bit..idk.. any input
KRS-One: i say theres much more to it than that, was going to suggest a threaded C program..but im not sure we would need so many ip addresses instead of a well known email host
KRS-One: so like my nephew has huge email list he wants to use as email addresses for submitting forms to some websites-he says i would need thousands of ip addresses and spoofed browser info so the servers dont get filtered/banned, wants it to look legit. he says we just gotta repopulate the email address and automate the click process..
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jayk: i doubt a kansas city mega cloudhashing center exists for them
jayk: however, they never returned a phone call or email
jayk: my investor had the right idea
mircea_popescu: the people responsible very much going around talking about things as if.
diametric: so many people think the bitcoin foundation is in charge of bitcoin
mircea_popescu: bfl is in the same situation, the entire bitcoin foundation structure is basically... that.
diametric: and they start offering refunds of btc in "equal valued" magic cards
diametric: the drama will be glorious
BingoBoingo: There's a sane noob of the month award now? Must be getting some better noobs. https://bitcointalk.org/index.php?topic=401481.msg5025034#msg5025034
mircea_popescu: he's just the announcer.
nubbins`: i stepped into the altcoin announcement sub the other day. had to go back like six fuckin pages to see a thread that wasn't last updated "Today"!
nubbins`: there's a purpose? ;p
mircea_popescu: no argument it has purpose, but the structure and therefore the convention and meaning imo far exceeds the purpose
nubbins`: anyway, you'd suppose the rest has some sort of purpose
mircea_popescu: the fucking threads spell Schelling like a poem
nubbins`: really it just boils down to people doing copypasta because they can't be fucked to figure out how to structure a post
nubbins`: you used to find the same thing in group buy threads too
mircea_popescu: anyway. the rms life and culture seems now a failed experiment. gpl was perhaps a good idea, but gpl 3 is an unmitigatedly bad idea, and so it goes. they wanted to kill bsd and in the end bsd killed them.
mircea_popescu: copy the entire altcoin subforum, define 50-100 measures, see how standardised the offerings are, do a over time survey
mircea_popescu: hashturbate.com pitythepool.com valid-error.com etc
nubbins`: yes but he said it in spanish and the audience spoke portuguese
mircea_popescu: maybe their entire country only has one university so it's kind-of redundant ?
jurov: just the first thing i noticed
rbonestell: I thought I stumbled upon some irc bot for mpex and havelock when I was making that android app for the havelock API... but I have a terrible memory.
mircea_popescu: yes well. not all bots are the same
rbonestell: I thought I found the source under an mpex repo on github somewhere
rbonestell: is there any specific person in charge of assbot?
mircea_popescu: then it turned out that in fact yes all people do it, but the ability to SMELL it is the genetic trait
mircea_popescu: fun fact : mercaptane actually is a natural byproduct of asparagus digestion in mammals. for a long time people imagined the ability to excrete it in urine is genetically dependent, as apparently not all people did it.
jurov: dunno. my mother explained to me mixing smells is basic physiology exercise for med students
jurov: yes, cuz there are much more combinations of 5 basic smells than 3 primary colors
mircea_popescu: "you wouldn't download a car" ? oyestheywould.
mircea_popescu: all the car buyers want to be... unique.
BingoBoingo: I didn't think there was much future for 3D printing beyond industries frequently needing bespoke and one-off construction
jurov: there are iirc 5 basic smells that can be mixed like colors
mircea_popescu: incidentally... 3d molecularbiologizing... get cartridges of all the elements, print any substance.
mircea_popescu: i guess it'd have to be implemented electronically rather than chemically.
BingoBoingo: mircea_popescu: Then someone sends tastegrams which seem to be almonds, but are actually cyanide
mircea_popescu: this is the future of social media : tastegram
mircea_popescu: omfg they're great
mircea_popescu: so i bought these slightly smoked plums
benkay: there are no contracts, so nobody can be certain of anything.
jurov: what pankkake? you invested there too?
jurov: http://www.reddit.com/r/Bitcoin/comments/1xdg60/heads_up_thebitcoinnewscom_is_hosting_a_fake/ our dear friend markus weiler is at it again
mike_c: good article benkay. it's crazy (but not surprising) that havelock is messing around with the ipo structure.
jurov: oh, there's parasigm shift already?
nubbins`: later in the evenings is better
nubbins`: but then i realized that's probably not hard to find
PierreCPA: what's a good metric for seeing the size of non-compliant corps? i.e. is their someone summing the mkt caps?
benkay: disconnect from the doomed fiat systems.
PierreCPA: Perhaps, though I think we'll call them "accounting system developers", accounting will be done entirely 100% by computers
benkay: far better to save up some cash and be the premiere btc accountant.
mircea_popescu: nah, non-compliant corps will crush the entire system, from sec down to all corps and their subcontractors.
mircea_popescu: with the mention that those WERE the good accountants. they won't be, in a decade or two.
PierreCPA: so the demand has to come from "compliant" mainstream companies wanting to get in the game
PierreCPA: agreed, problem is there can be no overlap between accountants serving large companies (and these are generally the high quality accountants), and accountants serving Bitcoin non-SEC listed companies, due to liability
mircea_popescu: and the actual clients, of course, but that's slowly coming into place.
mircea_popescu: you need to be in the wot and have a reputation before you'll get demand from any clients
mircea_popescu: i think tho the consolidation of subsidiaries can be done easily by a) disalowing unlisted subsidiaries and b) mark to market.
mircea_popescu: hopefully more of that stuff can go in as more of your profession start being available for the corps to do the stuff.
PierreCPA: I started working on a similar project ( http://bitcoinadvisory.org/index.html ) but had to get a real job to pay the bills
PierreCPA: mircea_popescu reasonable approach. It does remove the BS parts of GAAP, but it also does not address complex issues like consolidation of partially owned subsidiaries, revenue recognition for installment contracts, etc...
mircea_popescu: notrly. the duck does that part.
BingoBoingo: mircea_popescu: But you can feed devs pouridge and give it a fancy name like Soylent, its rather cheap. The zoo's Lions would be malnourished.
benkay: this is what executive leadership is for. deciding when to burn the btc.
mircea_popescu: benkay either that or "sorry, but we had to spend it eventually"
BingoBoingo: mircea_popescu: You finally bought the Eve devs?
mircea_popescu: moreover, an important point to be considered is that the real assets of btc corps act as an absolutel bottom in the btc exchange.
benkay: the curse of volatility.
mircea_popescu: benkay speaking of that discussion, this month is quite the reverse.
benkay: BingoBoingo: updated http://cascadianhacker.com/blog/2014/02/08_on-the-importance-of-contracts-the-rentalstarter-case.html
mircea_popescu: PierreCPA since you're here, you can look over http://trilema.com/2013/accounting-for-the-nonzero-asset-corporation-the-mpex-standard/
deadweasel: until they fill with your blood and screw into your flesh
deadweasel: i think antibiotics killed the lyme, im' got post-lyme disease syndrome, immune systems continues to battle invisible enemies
mircea_popescu: didja ever find the viruses you were looking for ?
BingoBoingo: mircea_popescu: Whip the kittens already
Jere_Jones: Oh, I am not of the belief that they have every dollar they should. I am just of the belief that I'll be able to get my coin out before the bottom falls out.
truffles: what about problems outside of their control
Jere_Jones: It is based on what I know of MtGox's backend, the transactions that are getting stalled, and how easy it would be to write a system to cause those problems.
mircea_popescu: how long does the average incompetent lotto winner take to be broke ? eh ?
Jere_Jones: No contingency. Just a belief that the problems are technical, not solvency. From what I can tell, mtgox is incompetent, not broke.
mircea_popescu: PierreCPA o you the twitter guy ?
PierreCPA: Do you have a contingency plan if they go enter into bankruptcy? You have experience with the Japanese bankruptcy system and creditor claims?
mircea_popescu: that is possibly the most insane thing i heard ever since i heard of people "buying pirate debt"
truffles: omg i here for the nubbins!
benkay: mircea_popescu relevant posts updated. thanks for the proofing ;)
gribble: http://www.urbandictionary.com/define.php?term=mego | The drugged-out sensation one gets when poring over spreadsheets or instruction manuals; acronym for "my eyes glaze over"
benkay: w/r/t proofing mircea_popescu, i learned from you to just write the thing, post it, and come back and tweak it if necessary later
benkay: well i was going to write a tcp client test harness today but then got distracted and this came out instead: http://cascadianhacker.com/blog/2014/02/08_when-you-know-you-done-fucked-up-but-cant-admit-it-in-public.html
mircea_popescu: talk about graceful degradations : tweets including references to #bitcoin-assets are auto-hashtagged "bitcoin" because that's how their parser works.
mircea_popescu: https://bitcointalk.org/index.php?topic=452111.msg4977482#msg4977482 << ThickAsThieves check it out, quartz had another article.
Dimsler: only way to become rich these days is to steal it
duduqa: "<mircea_popescu> but today ?! what difference does it make, 99% of all derps live in the same exact conditions anyway" - this
mircea_popescu: but today ?! what difference does it make, 99% of all derps live in the same exact conditions anyway
B007: it is the new trend
mircea_popescu: how come everyone wants to be rich these days.
mircea_popescu: "Their roulette is technically provably fair and they are publishing complete results from previous day. But they are cheating in such naive way that they simply change outcome of roulette game when needed and later in published results from previous day they show different outcome, which is correct one but was not used."
ozbot: Beware: Bitcoin casino is cheating, changes outcome of their roulette
B007: mircea_popescu: I think then you just die from a dictionary
mircea_popescu: by the time you're done with that you're rich already and don't even know when you bought copumpkin a new bionic girlfriend/maid.
mircea_popescu: benkay nothing because iirc i was holding the whole load.
benkay: but BS&T did fail to issue the number of promised bonds, and you were relieved of your obligation were you not?
mircea_popescu: the thing opened, all full of trepidation, abunch were bought
mircea_popescu: benkay "Predictably1, BS&T failed to issue the number of bonds they'd committed to, and Popescu was relieved of his obligation to pay out on the above synthetics."
mircea_popescu: eventually glbse cratered and erased the thing.
mircea_popescu: because that's what counted for a market back then, a buncha forum tards being friendly
mircea_popescu: anyway, in the case there : at the time the difficulty had gone up maybe 50% over 3 months, the dividends were mostly absent and the thing still traded "At price"
mircea_popescu: there's some schmuck from the early days plainly stating it in some thread, "the ipo is not for investors to make money but for the company to make money" or somesuch.
mircea_popescu: of the sort that bubble up even today, with the braindamaged "trading closed for ipo" nonsense.
mircea_popescu: they for instance had massive issues with shorting. mental issues.
nubbins`: i mean, fucking eskimo bob was telling people not to buy them
nubbins`: oh yeah, people lapped 'em up despite people SCREAMING that they were bad ideas
nubbins`: so... you offered a cheaper turd to undercut the turd salesmen?
mircea_popescu: pmbs were generally recognised to be dog turds back then about to the degree hearn is recognised as a dog turd today.
nubbins`: were PMBs not generally recognized to be dog turds back then?
pankkake: the goal was to short those assets?
mircea_popescu: if your credit is better than the issuer's this then gives investors incentive to buy your synthetic rather than the original, starving scams of cash.
mircea_popescu: nubbins` a synthetic was a relatively retarded construction, sadly made necessary by the very opaque manner of conducting "business" employed by the glbse muppets.
nubbins`: indulge me with the elevator pitch?
Luke-Jr: IIRC, had he shown up, and we made that trade, I'd have made a profit in the month he was MIA
nubbins`: nevermind that, what's a "synthetic copy" of an asset?
mircea_popescu: Luke-Jr that'd be the oposite of what i do.
benkay: furthermore, that project is on hold.
benkay: not epic at all. barely 4% of the way through known assets.
nubbins`: the btctalk thread is a bit light on detail
mircea_popescu: they're different things, the f.pure.synth was a synthetic copy of puremining, the glbse asset run by rosi manifold or w/e the jew's name was.
mircea_popescu: nubbins` how's pure.synth related to the hash options tho ?
nubbins`: ah, hey, there's an MPEx asset in this list
copumpkin: B007: he bought me a bentley for supporting him in the early days
mircea_popescu: indicative of Nefario's future behavior: "Thanks for your ideas guys, I'm going to wrap them all together and not pay out the bounty".
B007: nubbins`: especially in the heat
nubbins`: you should see the last thing i drew
nubbins`: B007, the ink does occasionally have seizures
B007: it looks like the ink had a seizure
nubbins`: this is for a band t-shirt, in the meantime