the20year: Ideally, i'd like to see the original purchase price re-invested, so the property pool doesn't shrink
Duffer1: heed MPs caution theo
the20year: last time we had a vote to ask the direction of what shareholders wanted to do , it came back as 40/60 in terms of distribution (Re-investing 40%, distributing the rest)
theo__: Would you reinvest or divedened the profit?
the20year: In terms of the lease purchase option being executed?
theo__: the20year: Alright that answers my next question. My last major question i have is with the 3 year rental - equity buy back how would that work in terms of a shareholder dividend?
mircea_popescu: the rest is hardly within a coupla degrees of magnitude of that
the20year: Those are the two primary risks
mircea_popescu: your risks are that if btc reaches 10k in a year or two you're left with 1/10 of what you'd have had if you held on to the btc, and if the guy splits with the cash you're left with whatever people buying into asset-based btc corps are usually left with
theo__: the20year: agreed but i am hesitent to over invest as you are talking about a leveraged lending scheme (which works well in good financal times) Though in bad times over leveraging can leave you to open to the risks
the20year: From the 2006-2011 collapse we decreased by around 25%
the20year: Well , during the 2001-2005 run up in prices, we increased maybe 30%
the20year: Additionally we're not overloaning properties, or going for absurdly low incomes, we could theoretically lower rents by 30% or more and still provide somewhat decent yields to invesors
theo__: the20year: have you also taken into consideration the potential risk of if a housing collapse does happen again or a market collapse in america? as in your compaines Manifesto ( i know not the right word but i am tired) you did not mention this is a potential risk to investors
the20year: Well, it would be tied to real estate, and in the past under hyperinflationary periods, real estate has typically done well (Yugoslovia/serbia, zimbabawe, Weimar Germany) , so I feel a little bit safe against that
theo__: the20year: as the only thing that is stopping me as a investor looking to diversify into your company is the key fact that I believe the US could be on a potential melt down, and would mean that if you hedged to much into USD I am exposing myself to to much risk
the20year: We've got quite a few BTC Hedging strategies, the msot up front one is the fact that we're only cashing out on a as-needed basis
theo__: the20year: good thanks you have already made me put more faith in you just with that statement. Furthering on will you be hedging anything into BTC or all directly into USD as your company for you unfortunatetly missed the $120 -> 1000 price hike and could have already had a million dollar investment plan.
the20year: USD yield, BTC yield will be unpredictable depending on whether BTC goes to the moon or collapses
theo__: the20year: is that in USD Yield or are you expecting that to be in BTC Yield
the20year: Higher end will depend on capital utilization and whether we flip a property
the20year: theo__: Range of 13.44%-65% or so
theo__: @the20year what do you expect your anual yield to be over this 2014 period if i may ask. Already invested into 500 shares looking to see what your expectations are to think about a longer term strategy. I have seen how well your company has done from june 2013. Just wondering on your on thoughts for this year
the20year: I'm second guessing putting a real contact number on the listing, already had a guy call me asking for help on how to deposit money into his HL account
the20year: theo__: yes
mircea_popescu: incidentally, anyone have handy a link to the golden painted whore at the whatever conference ?
theo__: to bad you can't mine them.
theo__: the20year Is your IPO REAL?
mircea_popescu: dude check out all the bitcoin mfas : virtualmining.com/ cryptologs.com/ bitcoinviews.com/
mircea_popescu: even with all the monkey they do, african countries like say the car are more palatable.
mircea_popescu: can't fire people. can't evict people. the tax burden is like... 80% ?
mircea_popescu: i don't think there's actually a worse example of a country than france.
the20year: right to theft :)
the20year: In CA or NY , you're looking at 3 months for an eviction , in Ohio depending on the county it can be 2 weeks to a month
the20year: eviction laws are done by state and then sometimes by municipality in the US , Ohio is very ,very flexible
BingoBoingo: Well, eviction is easy if landvalue is greater than the structure value...
pankkake: can you still evict people in the US?
the20year: and the house is great
the20year: There's a foreclosure auction and someone lives in it, whomever buys it has to go through the hassle of evicting the former owners, but the price is fantastic
ThickAsThieves: after 24-36 hours it's pretty much over the20year
the20year: I hope the weekend treats our IPO well , i found a pretty neat purchase
mircea_popescu: at the rate it's going probably bitcoin will probably never be worth enough for its btc value to command enough fiat interest, but who knows
mircea_popescu: anyway, specifically about bitcoin magazine, i'm curious how long before the contentious manner in which it was acquired actually spills out in court.
mircea_popescu: if you're a bum in the street prolly like a rolls.
mircea_popescu: similar to household economy. what's the per-blowjob cost of a wife ? well, it depends, if you're the husband probably like a piece of cake
BingoBoingo: And then Bitcointalk/litecointalk/Techcrunch forums/Twitter swell the ranks in a way that increases faster than they can be wrote up
mircea_popescu: pretty much any shill works for a group. the actual cost-per-shillpiece is not a market value.
mircea_popescu: ThickAsThieves they're opaque.
ThickAsThieves: TheVerge maybe
ThickAsThieves: well the focus would be one "community" outlets
BingoBoingo: ThickAsThieves: if you account for sock puppets and robo spam bots, the length of that article would probably approach Aleph subscript zero (infinite, but countably so)
ThickAsThieves: someone should do an article where the goal is to find the price of every suspected shill
Duffer1: i've read that they have emails of him colluding to wash coins
mircea_popescu: pretty much the only way to lose your job.
mircea_popescu: generally speaking no forfeiture + pleading not guilty = worst possible scenario for the da.
mircea_popescu: uh. this doesn't sound good for the prosecution at all.
ThickAsThieves: In the arraignment, prosecutors said that they have between eight and ten terabytes of evidence that they plan to share with the defense
BingoBoingo: ThickAsThieves: But in the US a 12 gauge shotgun and a copy of Grey's Anatomy so you can find the brainstem together costs even with the downturn, maybe 0.125 btc?
mircea_popescu: who ever heard of the 8 shot suicide even !?
mircea_popescu: for the love of christ.
mircea_popescu: "They said Talley died from seven or eight self-inflicted wounds from a nail gun fired into his torso and head."
ThickAsThieves: maybe he made a buncha families lose their homes
Duffer1: ya MP i can't tell if they're trying to find a patter in the sand here, or if there actually is a pattern
mircea_popescu: what the fuck.
ThickAsThieves: they just dont have real guns
BingoBoingo: chipug: Seems to be the only reason to use a nailgun in the US where more efficient tools are readily available. (i.e. Kurt Cobain, Ernest Hemmingway)
BingoBoingo: That low? I'd imagine the number to be higher.
ThickAsThieves: they have a suicide phone
ThickAsThieves: the golden gate bridge is riddled with it
mircea_popescu: "The founder and CEO of American Title Services in Centennial was found dead in his home this week, the result of self-inflicted wounds from a nail gun, according to the Arapahoe County coroner."
BingoBoingo: Maybe by financial services executive they mean Phone center pit boss?
mircea_popescu: course the only reporting venues are zero hedge and... max keiser.
BingoBoingo: What's with this nailgun suicide thing. It's like people setting themselves up to fail.
mircea_popescu: can't these people even afford rope anymore ?!
BingoBoingo: mircea_popescu: That would be easy to do in Failcoin, the MD4 mined one where private key is the last 4 characters of the address.
jborkl: running stratum against say terracoin is exactly the same as bitcoin - hell all you do is change the payout addy and port, something is slightly different
ThickAsThieves: i'll just get some when it's listed somewhere, online wallets are the best wallets right?
ThickAsThieves: it should just work outta the box
ThickAsThieves: i dont even know how to download the block source
jborkl: the version must have a slightly different submit, so stratum would have to be changed to submit correctly- if you could what they changed you will need to know
mircea_popescu: pankkake 1336 there pls.
ThickAsThieves: no one rents by the hour
gribble: The expected generation output, at 1000.0 Mhps, given difficulty of 60000.0, is 8.38177527385 BTC per day and 0.34924063641 BTC per hour.
mike_c: but, for the lulz: WTB: 30,000 ATC at 151 satoshis
mircea_popescu: mike_c ok if you honeslty have none you can get a 1336 set then you can be leet too
ThickAsThieves: you know whatd be funny, i make a deal with ASICMINER to buy hashes and point them at it
mike_c: we're out in the cold
ThickAsThieves: <mircea_popescu> mike_c it's for ppl who has none! i'm not sending tat any either --- you mutha!
ThickAsThieves: "alters" sounds okay verbally for satoshis, or maybe we just call them alms
mircea_popescu: ima call them qoq
pankkake: Duffer1: the default one, don't touch it and you'll get an alc address
asciilifeform: 'for every smart orifice,' there's a spiked hedge-c0k...
mircea_popescu: the bug that ruined five empires
asciilifeform: i sorta live there
mircea_popescu: you keep thinking you're in this parallel universe where people like... put effort into what they do and whatnot.
mircea_popescu: asciilifeform iirc it was just some random crapware bundled with the wallet
mircea_popescu: let him be destitute in the land he helped create.
mircea_popescu: mike_c it's for ppl who has none! i'm not sending tat any either
mike_c: did i miss the l33t giveaway? i'd like to hoard some more atc at 1NUNo4rF9a5gehszwSu8W7uMGaJs4Ee2dX
asciilifeform: i'm still waiting for the first directly trojaned altcoin.
Duffer1: i really don't want to run the exe hehe
Duffer1: i don't know enough about the process involved to know if it's generating a Altcoin compatible address
mircea_popescu: now this at least has good spatial controls. the razor thing... heh
mircea_popescu: " Tattoos made by the robot cannot be compared with handmade tattoos and the device would need more advanced mechanism to imitate the behavior of artists who hold the skin tight to engrave tattoos."
mircea_popescu: http://31.media.tumblr.com/tumblr_mdo88qoXHz1ru15g3o1_1280.jpg << and this'd be the real problem with boobjobs.
Bugpowder: re: second market exchange : i guess they need a way to start liquidating ?
mircea_popescu: dumbass teenyboppers of 2020 will do it and if they do i will hunt you down
asciilifeform: newer ones with an optical mouse-style sensor instead of the wheels almost work.
asciilifeform: they sure did.
mircea_popescu: they SUCKED
asciilifeform: (can't help but think of Kafka's 'The Penal Colony')
chipug: mircea_popescu: lol @ the seated lassie's expression
ThickAsThieves: <mod6> should link that on the homepage, ThickAsThieves -- i will this weekend, gotta go
mircea_popescu: i suppose if "the core dev" power-rangers fuck up too badly we can just move on to atc and be all liek... whatever.
mod6: should link that on the homepage, ThickAsThieves
mircea_popescu: mod6 afaik he finally did get the sauce.
gribble: (nethash takes no arguments) -- Shows the current estimate for total network hash rate, in Ghps.
mircea_popescu: Bugpowder so then there we go, 80k btc holders in 500 different hands are... well... what they are.
Bugpowder: Do we know what they PAID for those coins?
Bugpowder: people that use them are chumpy
mircea_popescu: Bugpowder they deployed 6mn in capital, took it in the teeth for 10% the next day. sounds kinda chump-y.
Bugpowder: They are about as important a big early adopter
mod6: ThickAsThieves: did you ever hear back from BlueMatt about the source?
jborkl: just trying to dl the blockchain for it
Duffer1: they plan to create an exchange
mircea_popescu: Bugpowder isn't this instructive as to their relative unimportance ? would you say ?
benkay: come on pankkake. alt-coin broker to the stars.
mircea_popescu: pankkake ya but then you're stuck having to export addies.
jborkl: the addnode you put up pankkake is not working
mircea_popescu: chipug you don't have an angle. as a small entity with little money you need a god damned good angle. otherwise, what you're trying to do, compete on execution,... you'll get crushed by the larger entities. see ?
asciilifeform: what's the addr algo for 'altcoin' ?
pankkake: well you don't need to actually run the wallet
chipug: sorry for delayed repsonse, been cooking. a woodchipper mircea? you think i'm fighting a losing battle just because where site came from originally? i don't want to do nothing.. i'm not so good at giving up. thanks for your thoughts guys by the way, much appreciated
ThickAsThieves: of the pankkake strain of it
BingoBoingo: Oh thank you. I hope there is nevar and Altcoin pump. I don't want to be tempted to split such a nice round number.
mircea_popescu: asciilifeform there is no plan
asciilifeform: what's the plan? dump when moon is full?
ThickAsThieves: never even loaded the app
Duffer1: neither do i >.<
KRS-One: now i want to know when is the pump
pankkake: if you use the open source version, you don't need addnodes
KRS-One: Where will this coin be traded? Curious to see the valuation
mircea_popescu: and a sane man dressing in a clown outfit to scare the shit out of everyone at the office one day
Duffer1: there's an argument for your legit experiment vs his outright scam
mircea_popescu: ThickAsThieves there's a difference between a retarded man dressing in a clown suit as his business outfit
ThickAsThieves: the maxcoin event was so hideous to me
mircea_popescu: maxcoin seeing green is like making diamonds in the desert by jumping up and donw
mircea_popescu: if he asked me i'd have pointed him your way resulting in him having a working pool for a fraction of the cost in time
pankkake: jborkl: they pay for everything. pools, exchanges, explorers
jborkl: what the fuck? why didnt you send him my way
Duffer1: i don't do much else these days
mircea_popescu: kakobrekla don't we can has email of blockr.io say them add atc ?
Duffer1: neither were ready at launch of his coin
ThickAsThieves: yknow it's much more gratifying for Altcoin to get all these pieces separately
mircea_popescu: i guess that goes to show just how relevant these things are.
mircea_popescu: "I am very active within the UK high-tech sector and was recently ranked the 20th most influential person in British ICT by in Computer Weekly's UKtech50. "
kakobrekla: and suddenly you are cream of the crop
jborkl: I wonder if he sold his dick to China when they cut it off
ThickAsThieves: the person running ciphereverything
ThickAsThieves: yes the blonde is a dude
ThickAsThieves: facebook ads are the worst performance of like all options, other than for some very specific uses
mircea_popescu: yeah, only about 60% of all kids want to be the other kind. sites like that are fucking abuse.
mircea_popescu: chipug don't get me wrong, i understand you want to do something, and it's commendable and everything. just, atm, you're in the position of someone throwing themselves into a woodchipper.
ThickAsThieves: i dunno what the y call it
Duffer1: he was on the advisory board for Ciphertrade before he disappeared, might have something to do with his decission regarding bonds
Bugpowder: Why would anyone with a brain go long perpetual bonds. Those are only profitable if you short them, as a rule
jborkl: oh so there were two
mircea_popescu: jborkl nono, the kate guy.
mircea_popescu: that's explain why he kept pissing off mpoe-pr then
jborkl: <mircea_popescu> Bugpowder he likely got depressed over his association with the weirdo transsexual nut <<<Usagi??
chipug: not to beat irc mircea_popescu just catch the ones that can't be arsed with irc perhaps
mircea_popescu: Bugpowder he likely got depressed over his association with the weirdo transsexual nut.
chipug: i feel like the fussy parts of irc are taken away with the bits people like still left in, if that makes sense
jborkl: webirc and vpn you can troll the shit out of people
ThickAsThieves: <Bugpowder> did he bail because he couldn't cover a difficulty move --- nah, he either bailed because btc went to $1k and he said ah fuckit, or because he realized that the ciphertrade scam would make his bonds unredeemable
jborkl: webirc is the best trollbox for irc
mike_c: then it's a better troll-box
mike_c: make it a plugin like disqus (without the suck)
chipug: https://loquacious.cc mike_c we took away rewards and made it not btc so it died when the beggars left
benkay: amigo of mine runs a small game studio. they outlay 10k/mo on fb ads and do quite well for themselves.
benkay: if you have the right biz, chipug it works well.
chipug: mike_c: I'm just wanting clicks to the site, so maybe it will be ok
ThickAsThieves: in case anyone cares, this was the blog Deprived was working on: http://bittopic.com/
benkay: next they'll be telling us what the real value of pepsi stock is in dollars, and how many dollars can buy a btc.
mircea_popescu: granted, that doesn't actually cover the entire hitman lulz.
asciilifeform: incidentally, we cannot possibly know what parts of the dpr story are fictional
mircea_popescu: well it's definitely not closing while the spot is below 24h ago spot
kingofsports: when is MPEX going to close the options mircea?
asciilifeform: mircea_popescu: or why dpr ever had to see, touch, or smell the wares personally
Bugpowder: oh man the short puts guy is getting reaming
mircea_popescu: or other things.
mircea_popescu: or, alternatively, why twenny something businessmen have to document their reefer purchases in writing for the benefit of ulterior prosecution
Bugpowder: " Those same documents show that the undercover agent told Reid he wanted to use the Bitcoins to buy credit cards stolen in the Target breach.”
mircea_popescu: asciilifeform when you're done with that, you can work on explaining why the secret ruler of a self-proclaimed drug marketplace which can't sell drugs has to order "hits" over unknown derps it can't verify got killed.
kingofsports: @bugpowder u looking to sell any coins? remember when they were $100 a pop ;)
mircea_popescu: Bugpowder message seems to be more along the lines of a shakedown than anything
ThickAsThieves: "I just read their FAQ which basically says to their customer base "idiots fuck off and die". "
kingofsports: how much did that user have to have on hold to cover the options he sold u guys?
ThickAsThieves: [15:05] <the20year> lol i doubt it --- I don't
asciilifeform: in the early days of fpga mining
Duffer1: the20year maybe Benny might want it added to Ciphertrade? :P
mircea_popescu: asciilifeform i wonder why they do things like this srsly. takes anyone five minutes to figure out WHY "we've been featured on atmel blog".
mike_c: i believe you are in the atc-otc channel
asciilifeform: but yes, the linked widget is just atmel's old crypto accelerator mounted on an adapter board: http://atmelcorporation.wordpress.com/2014/01/30/atmels-atsha204-helps-secure-the-bbb
mircea_popescu: jespern no, but i have currently 3 people stalking my stalkers, and they're apparently real good at it.
asciilifeform: i consider the 'host box doesn't know it has a crypto widget attached' an essential feature of cardano, but maybe that's just me.
gribble: The operation succeeded.
mircea_popescu: hence the "give the kids strong crypto as an addon, let the broadcom blob eat its nails"
asciilifeform: most of the boards coreboot supports are full-size pc mobos
mircea_popescu: yeah, but what i'm saying is : in this particular case probably cheaper and better for the free world to subvert than to replace
ozbot: Supported Motherboards - coreboot
asciilifeform: and so they went with an insultingly closed arch
asciilifeform: broadcom inc. tempted them with at-cost cpu offer
BingoBoingo: Rpi might actually be an interesting thing if maybe they would have went MIPS (or FPGA and pick a core of choice) and offered ECC Ram
mircea_popescu: yeah, but these are enthusiasts we're discussing here.
punkman1: there's a ton of raspberry pis
mircea_popescu: just enough cryptography, the exact equivalent of just in time industrial processes.
punkman1: just a breakout board for the atmel chip?
deadweasel: the seed is always 666?
asciilifeform: (i actually considered, and rejected, this part for the cardano key storage)
asciilifeform: ok we have the answer:
asciilifeform: where's the rng?
BingoBoingo: punkman1: They heard a lot of crypto words and forgot to check definitions, functions, and definite functions
punkman1: does it do HMAC or something then?
punkman1: sha256 authentication?
mircea_popescu: deadweasel yet another miner ? (yam)
ThickAsThieves: "SHA256 Authentication, hardware RNG, and protected key storage on an easy to mount board"
punkman1: the qz blog has a blog about itself? that's nice