vex: remind me never to piss off alf to the extent that he wished me the electric chair
vex: mats usually assists with that. thankyou brother
vex: im worried about bingo
vex: I'll gibe you a decree bingoboingo, a misguided hug.
vex: I hope I can take some of your shame when I say you never ask a pet for money
vex: Unless it's chinny, then deffo drive her ferrari
vex: hmm. only 12 cylinders, and it needs a tune up... half a packet of biscuits
vex: poor fluffypony; he's the only person ross ulbright doesn't wanna trade places with
vex: too soon?
vex: I hope fluffypony dosn't eat me when he gets out
vex: he is pretty fat
vex: this is where someone say "how fat is he"?
vex: shinohai you useless cunt
vex: i take that back. a sparkling household
bingoboingo: vex I'm alive, I can work with that
vex: that's the main drive
vex: good to hear
punkman: https://popsiclefinance.medium.com/popsicle-finance-post-mortem-after-fragola-hack-f45b302362e0
punkman: despicable tards "Or in other words, in order to build spaceships that travel to Mars, spaceships crash.
punkman: We however do not stop building until the spaceship is built and has landed."
punkman: "Although this may be a long shot we are offering a completely clean $1,000,000 bounty paid in whatever currency he/she likes if funds are returned."
punkman: "We are all working here in the new and exciting DeFi space, having people that find vulnerabilities is a part of the ecosystem, however in order to not scare people away we need to make sure they can trust the space. Returning the funds will show the strength of this crypto community."
shinohai: lol get rekt
punkman: I wonder just how do you get anything done in ethertardium
punkman: more technical explanation https://blocksecteam.medium.com/the-analysis-of-the-popsicle-finance-security-incident-9d9d5a3045c1
punkman: seems like anyone can figure out tx that modifies variables in your spaghetti ball of "contracts"
punkman: https://twitter.com/PopsicleFinance/status/1418149345292062721 "LPing is a lifestyle."
mats: lol, ouch
thimbronion: asciilifeform: in your design, is the timestamp at a specific place in the packet, or is it bundled with the message somehow?
asciilifeform: thimbronion: 64bit timestamp. if not within 15m of receiver's local epochal time, rejected packet.
thimbronion: asciilifeform: ty
thimbronion: PeterL: ^
thestringpuller: ETH maxi's goin insane over EIP-1559 eve.
shinohai: "This is good for our database"
thestringpuller: it's all a pump and dump scheme imo. eth maxi's trying to pool eth together to raise the floor price on crypto punks artificially
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2021-08-04#1050331 << it remains not entirely clear to asciilifeform what the draw is, in these schemes -- are they straight pyramids? what do the participants expect to get, if goes by plan and not 'hacked' ? ( and is in any sense 'hacked', or is simply the chumpatron organizer taking what's his..? )
dulapbot: Logged on 2021-08-04 10:46:10 punkman: "We are all working here in the new and exciting DeFi space, having people that find vulnerabilities is a part of the ecosystem, however in order to not scare people away we need to make sure they can trust the space. Returning the funds will show the strength of this crypto community."
thimbronion: "Free money"
mats: they get interest payments
asciilifeform: mats: rright, but out of whose pocket? ( if 'from new investors' -- then pyramid )
mats: from fees through the automated market making i think
asciilifeform: ( mpex!! )
mats: so people using the service for tens of btc-altcoin trades
mats: including stablecoins like tethers
asciilifeform: mats: so these are something like automated goxes ?
thimbronion: I thought for defi the idea was you lend out your btc or whatever in order receive interest. Then someone takes your btc, does highly risky trades vs. alts and attempts to make interest payments with the proceeds. Could be wrong.
asciilifeform: thimbronion: what happens if the borrower walks away ? ( or loses errything..? )
asciilifeform: ( are the loans collateralized somehow? )
thimbronion: asciilifeform: tears afaik. There is one thing called blockfi where they scam people by using "multisig" where the borrower has 2 out of the three keys needed to sign a tx! Some people fall for this.
thimbronion: er, 2 out of three keys, where two are needed to sign.
punkman: there's a lot of schemes. LP is a liquidity pool, which I can't see ever working without everyone getting fucked https://medium.com/geekculture/we-need-to-talk-about-liquidity-pools-in-defi-asap-e9a2b27769e
punkman: then there are flashloans, where there is borrower but he has to pay back the loan in same tx that spends it
punkman: so if you need 100k ETH to screw with the automated market making of an LP, you get a flashloan, manipulat price in LP, get out with profit and pay off loan
punkman: looks like these people are really into building tools to fuck each other with
asciilifeform: punkman: the interesting thing is that chumps supply sufficient actual btc for 'the game to be worth the candles'... or do they
asciilifeform: (or is whole thing 'core wars' with the equiv. of poker chips, which only nominally/via wash-trading at goxes, 'worth btc' ? )
asciilifeform: last i knew, most shitcoinism, esp. of the ethertard flavour, is of the latter kind. which is why e.g. mp's claimed 'victory over dao' was of so little interest to asciilifeform : usg already 'won' that one when succeeded in conning 'over 9000' morons into trading actual btc for shitcoin to start with
asciilifeform: what happens to the shitcoin ~after~ this trade, does not so much matter, from pov of outsider
asciilifeform: (or even that of the perp, who already 'got his' btc)
mats: asciilifeform: its more complicated than a gox. loans tend to be overcollateralised
asciilifeform: mats: elaborate ?
mats: i haven't looked at the ethereum stuff in detail, but if it works anything like rsk or sov (sits atop btc), there's a committee of people/orgs with votes that have governance responsibility over the token, there's a bunch of code that enables purchases of btc to get a stablecoin, an insurance fund that automatically gets paid into
asciilifeform: insurance fund?
mats: some of it is a little more transparent than a gox (you can look at payment flows for the tokens), but more difficult to quantify risks
mats: think sov collects 10% of interest payments to protect against undercollateralised loans
mats: nvm, no undercollateralised loans. just general case of loan default
asciilifeform: mats: why would (let's consider it 'in-universe') the shop give out such loans to start with ?
mats: collecting a rake on volume
mats: done properly i imagine there's no armies of loan officers and personnel a typical loan servicer might employ
mats: there's a lot of demand from nouveau riche who want liquidity or believe they can diversify risk by going into ethereums, altcoins, stablecoins
mats: and its an end-run around regulators
mats: for however long that lasts
mats: no aml/kyc for most defi things ive seen
asciilifeform: mats: pretty lulzy , considering that all the garbage is traded on the very same kyc-goxes, and the prices move more or less in unison w/ btc's
mats: recent news out of the SEC says that, like most people with two brain cells to rub together, vast majority of shitcoins are securities
mats: maybe buterin will finally get strung up
asciilifeform: mats: when outlives his usefulness to handlers -- surely
shinohai: grumpcatgood.png
dulapbot: Logged on 2021-07-26 10:24:25 mats: i met a guy in a cafe in LA who told me a story about brock pierce offering him fifty stacks to launder money after guy told him he was a weed grower trying to get a license and go legit
mats: or more likely a ci
mats: cafe guy said he furnished the cash on the spot, maybe as a flex, had his security guy hand over a bag with at least ten stacks in it
mats: made a mistake on 26 july, was just five stacks / 50k
asciilifeform: mats: laff if you like, but i gotta ask, 'stack' == 1e3 $ ?
mats: 4
asciilifeform: a ok
mats: dumb street lingo anyway
asciilifeform: so, stereotypical suitcase with half mil ?
mats: something like that
asciilifeform quite convinced that these only exist in usg theatrical kit rooms.
mats: normally i wouldn't credit stories such as this, but i'm predisposed to think pierce and all his history - disney, btc foundation, tether - is shady
asciilifeform wonders what one has to have in crankcase instead of a brain to believe that a stranger 'wants to do a deal' with you, just met, sight unseen, for 5e5 $
mats: cafe guy became a bit of a groupie for a while and noted he saw other shady deals
mats: looked like the quite the laundry operation
dulapbot: (trilema) 2017-02-23 asciilifeform: and in same fishwrap, another 'new york deathray plot', https://archive.is/me1dv >> 'The U.S. Army veteran was charged last week with trying to support the Islamic State ... Agents swooped in during a meeting with a man Hester believed was an Islamic State contact, according to an affidavit filed in U.S. District Court in Missouri. But the man was actually an undercover FBI agent who had been building a case against the 25-year-0ld f
dulapbot: (trilema) 2017-05-25 asciilifeform: has at this point lost count of the 'fine folx' who offered him 'sure profitz' involving white powders/militias/deathrays across-the-border/across-the-ocean/in-shangri-la/in-shiticonvalley etc etc
dulapbot: (trilema) 2017-12-15 asciilifeform: the 1 likely item is that 1) exists 2) poor quasiliterate orc under usg magnifying glass from before the 'crime' was conceived , as in the new york deathray (tm)(r) plot.
dulapbot: (trilema) 2017-12-15 asciilifeform: awaits the first fractional-btc deathray trial.
thimbronion heard similar second hand stories about pierce from an LA resident, including one in which he was tearing apart his house or something looking for an old hard drive or usb stick.
mats: mighty ducks was a good film though
shinohai: http://logs.nosuchlabs.com/log/asciilifeform/2021-08-04#1050322 << Been busy updating blog, what can I say?
dulapbot: Logged on 2021-08-04 01:33:36 vex: shinohai you useless cunt
bingoboingo: mats: Disney reliably seems to be an introduction to shadiness
punkman: http://logs.nosuchlabs.com/log/asciilifeform/2021-08-04#1050365 << the btc is sort of "step 2". chumps buy ETH via credit card on their web3-js-wallet, then they "invest" and "stake", then you break their "decentralized" toy, make out with ETH/tokens, and finally convert to BTC.
dulapbot: Logged on 2021-08-04 15:05:42 asciilifeform: punkman: the interesting thing is that chumps supply sufficient actual btc for 'the game to be worth the candles'... or do they
punkman: possibly easier to obfuscate src/dest of coins in ETH universe, I imagine a lot of the stolen coin stays in ETH
punkman: you could say this is good for BTC. just a long way to go from bezzleUSD to hardBTC
asciilifeform: punkman: the 1 part asciilifeform is curious about is how the 'xyzshitcoin is worth x btc per' illusion is maintained
punkman: a lot of the chumps actually get this, BTC is THE long term bet. but they gotta speculate, get some of those "crypto returnz"
punkman: it doesn't need to be worth BTC per se. it's more likely to be worth USD/ETH
punkman: and USD/ETH still worth something in BTC
punkman: of course the USD price of ETH is set by the ETH<-BTC<-USD path
punkman: but when chump buy ETH, most likely doesn't ever touch BTC
shinohai: "Uruguayan senator has introduced a bill to make #Bitcoin and crypto legal tender." << Heard anything about this bingoboingo ?
bingoboingo: shinohai That's Sartori, kinda has a clown reputation inside his own party. Him proposing something doesn't mean it is going anywhere
bingoboingo: Even though his party is in power
shinohai: lol, yeah there were rumblings about the item on twitter, no one mentioned a name.
asciilifeform: !w poll
watchglass: Polling 17 nodes...
watchglass: 185.85.38.54:8333 : Could not connect!
watchglass: 205.134.172.26:8333 : Alive: (0.021s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=694234
watchglass: 205.134.172.6:8333 : (172-6.core.ai.net) Alive: (0.021s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=694234
watchglass: 185.163.46.29:8333 : Could not connect!
watchglass: 205.134.172.27:8333 : Alive: (0.083s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234 (Operator: asciilifeform)
watchglass: 54.39.156.171:8333 : (ns562940.ip-54-39-156.net) Alive: (0.110s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 205.134.172.28:8333 : Alive: (0.083s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=694234 (Operator: whaack)
watchglass: 205.134.172.4:8333 : (172-4.core.ai.net) Alive: (0.152s) V=70001 (/therealbitcoin.org:0.7.0.1/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 143.202.160.10:8333 : Alive: (0.238s) V=70001 (/therealbitcoin.org:0.7.0.1/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 208.94.240.42:8333 : Alive: (0.220s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 213.109.238.156:8333 : Alive: (0.337s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 103.36.92.112:8333 : (terebe.ns01.net) Alive: (0.614s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234
watchglass: 71.191.220.241:8333 : (pool-71-191-220-241.washdc.fios.verizon.net) Alive: (0.128s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=694234 (Operator: asciilifeform)
watchglass: 84.16.46.130:8333 : Could not connect!
watchglass: 176.9.59.199:8333 : Violated BTC Protocol: Bad header length! (Operator: jurov)
watchglass: 54.38.94.63:8333 : Violated BTC Protocol: Bad header length!
watchglass: 192.151.158.26:8333 : Busy? (No answer in 100 sec.)