Show Idle (>14 d.) Chans
← 2014-01-08 | 2014-01-10 → ↓
truffles: prob
assbot: [MPEX] [S.MPOE] 24150 @ 0.00083928 = 20.2686 BTC [-] {2}
Vexual: nah just new money
Vexual: well hipsters are the kids of hippies that sold their soul and made some money
truffles: i was wondering whatever happened to all the hippies
Vexual: nubbins' showed a gif of the supposedly gone woodie guthrie
truffles: how does one sell a soul though
Vexual: cant be done
truffles: sell own soul?
Vexual: hippies inventened the butterlfy affect as seen in humanity
Vexual: you see butterfly tramp stamps, but a sould cant be sold
ozbot: Busta Rhymes - Thank You ft. Q-Tip, Kanye West, Lil Wayne - YouTube
truffles: didnt click
Vexual: then you've considered butterflies
Vexual: that unpopular phrase globalisation didnt haven without people moving house
KRS1: eh
KRS1: hey this song good yo
Vexual: going back to selling your soul
Vexual: you're the master of what your soul absorbs
truffles: there is a term for this
Vexual: no doubt
truffles: rhetorical?
Vexual: :)}
truffles: where is mr Boingo
Vexual: u feeling chess?
truffles: we have a rematch to do
truffles: i may have to step away based on events in the house ya know
Vexual: i think bongo is alergic to vodka
Vexual: yah
truffles: its not for everyone
Vexual: we serve it warm
Vexual: but ou know this
truffles: i only like my tea warm eww
assbot: [HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC [+]
Vexual: gin is served with ice, vodka should be at room tmep
assbot: [HAVELOCK] [CBTC] 1120 @ 0.00009501 = 0.1064 BTC [-] {3}
truffles: it should be how i want it
Vexual: get me some orange sherbert
assbot: [HAVELOCK] [CBTC] 8840 @ 0.00009501 = 0.8399 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 3173 @ 0.00083924 = 2.6629 BTC [-]
assbot: [MPEX] [S.MPOE] 25327 @ 0.00083699 = 21.1984 BTC [-] {2}
BingoBoingo: truffles: I am here nao
assbot: [MPEX] [S.MPOE] 22998 @ 0.00084193 = 19.3627 BTC [+] {2}
assbot: [HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC [+]
assbot: [HAVELOCK] [HIF] 2000 @ 0.00047496 = 0.9499 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 21302 @ 0.00083517 = 17.7908 BTC [-] {2}
assbot: [HAVELOCK] [SFI] 500 @ 0.001 = 0.5 BTC [+]
assbot: [HAVELOCK] [SFI] 130 @ 0.001 = 0.13 BTC [+]
KRS1: whats up with ghash.io..
assbot: [MPEX] [S.MPOE] 27750 @ 0.00083468 = 23.1624 BTC [-]
assbot: [HAVELOCK] [COG] 6 @ 0.0399499 = 0.2397 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 5512 @ 0.00083694 = 4.6132 BTC [+]
assbot: [MPEX] [S.MPOE] 13988 @ 0.00083694 = 11.7071 BTC [+]
truffles: BingoBoingo ping
KRS1: pong
KRS1: so do you all think ghash.io is going to harm the network
truffles: howdy krs1
assbot: [MPEX] [S.MPOE] 5301 @ 0.00084124 = 4.4594 BTC [+]
assbot: [MPEX] [S.MPOE] 12299 @ 0.00084054 = 10.3378 BTC [-]
assbot: [MPEX] [S.MPOE] 32210 @ 0.00084164 = 27.1092 BTC [+] {2}
KRS1: how'dy
KRS1: i've been expecting a drop, not this rise =/
KRS1: where'd i go wrong in my analysis
truffles: coinye brought it up with the swag
assbot: [HAVELOCK] [AM1] 5 @ 0.46079996 = 2.304 BTC [+] {4}
assbot: [HAVELOCK] [AM1] 10 @ 0.46929999 = 4.693 BTC [+] {4}
assbot: [MPEX] [S.MPOE] 23250 @ 0.00084175 = 19.5707 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 15900 @ 0.00084077 = 13.3682 BTC [-]
mircea_popescu: bitbet is hysterical, all these volunteer armchair pilots for it.
mircea_popescu: i am starting to suspect the main reason rich people become assholes is that they eventually get sick of all the poor people who refuse to see the difference.
ozbot: 1418481395.26264 | Next Diff in 767 blocks | Estimated Change: 18.3651% in 4d 8h 17m 7s
truffles: so ure not saying ure not a complete asshole but on the cusp?
mircea_popescu: im a fonz, what are you on about.
truffles: fonz is cool though
assbot: [HAVELOCK] [AM1] 54 @ 0.49509632 = 26.7352 BTC [+] {20}
mircea_popescu: i have no idea what it is, outside of a pulp fiction reference.
Duffer1: happy days
mircea_popescu: so indeed they'd be cool.
truffles: omg he's never seen it
truffles: well its not that great of a show
truffles: just watch a few eps
ozbot: Fonzie Jumps the Shark on Happy Days (Episode 5.3) 1977 - YouTube
mircea_popescu: ol wait, this is the original "jump the shark" show huh ?
Duffer1: yep
mircea_popescu: i take it back, i've nothing to do with that toothy derp.
mircea_popescu: sammy lee you've lied to me!
truffles: thats just 1 clip
truffles: he made the jump, whats the derp about
truffles: so suave
ozbot: Mork Meets The Fonz - YouTube
truffles: robin williams!
assbot: [MPEX] [S.MPOE] 6455 @ 0.00084077 = 5.4272 BTC [-]
assbot: [MPEX] [S.MPOE] 7745 @ 0.00084054 = 6.51 BTC [-]
truffles: blog topic im interested in, are smart people in general more selfish
truffles: obv u can include stuff about asses and holes
assbot: [MPEX] [S.MPOE] 9931 @ 0.00084028 = 8.3448 BTC [-] {2}
deanclkclk: anyone here who's a money manager? I want to ask something about fractional reserve banking
deanclkclk: or anyone here who understand franctional reserve banking
mircea_popescu: go ahead
deanclkclk: well just looking at a t account..how can fractional reserve banking be inflationary
mircea_popescu: you'll have to phrase that question better
deanclkclk: what is loan out (asset to the bank) is always equal to it's liability (deposit)?
mircea_popescu: what's your definition of "inflationary" ?
deanclkclk: if the depositor withdraws money ..it comes from the bank reserves
deanclkclk: inflationary..rising prices
mircea_popescu: that'd be rising prices. traditionally inflation is defined as that state where the monetary mass increases.
mircea_popescu: if in 2010 the total volume of payment insturments is 5, and in 2011 it's 6, then you've had a 20% inflation.
deanclkclk: but, let me ask u this
deanclkclk: in an investment bank...one which the depositor can't withdraw from his account because, he knows the bank doesn't have it (it's loan out)..that's isn't inflationary
deanclkclk: but, it is said in a fractional reserve bank...the depositor still has access to his deposit even though it's loan out
deanclkclk: that doesn't make any sense
deanclkclk: because if deposit is 9 == loan 8 + reserve 1
mircea_popescu: well, you've constructed it so it doesn't make any sense. take a better example : say i run a whorehouse and you bring me your wife. then one day you want to have sex. just because i've sent her to work the streets of mexico doesn't mean you can't have sex,
mircea_popescu: i'll just hook you up with some other dude's wife.
mircea_popescu: am i running fractional reserve whorehouse ? no. do you still get to have sex, even if your own wife is out ? sure.
deanclkclk: if the depositor withdraws from his account ...how would that show on the T account?
deanclkclk: says all his 9 dollars
mircea_popescu: ib just takes a liquidity loan.
mircea_popescu: myeah. best i can tell, you've painted yourself in a corner trying to understand this and now nothing makes sense.
deanclkclk: I understand your whorehouse analogy
mircea_popescu: time to re-examine your priors.
deanclkclk: well if someone can show me how that would reflect on a T account..it would make a whole lotta sense
mircea_popescu: okay, fair enough.
deanclkclk: I'm just wondering how that would show
mircea_popescu: central bank creates 10 bucks. pushes 2 each to 5 commercial banks. the banks loan out 50 bucks each, on the grounds that they are required by cb to keep 10% in reserves.
deanclkclk: banks == liability (deposit $10) and assets (loan $9 & reserve $1)
deanclkclk: that balances
mircea_popescu: now, the monetary mass at the cb level is 100, and the monetary mass at the cb level is 500
mircea_popescu: that's a 400% inflation.
assbot: [MPEX] [S.MPOE] 2150 @ 0.00084234 = 1.811 BTC [+] {2}
mircea_popescu: meh i cocked the math up. lemme redo.
deanclkclk: yeah but, just listen
deanclkclk: listen
deanclkclk: just an simple example
deanclkclk: in this illustration
deanclkclk: banks == liability (deposit $10) and assets (loan $9 & reserve $1)
deanclkclk: that's their T account right
deanclkclk: the loan out $9
mircea_popescu: you don't get to use the assets in there.
deanclkclk: so what if..the depositor wants to withdraw his 10 dollars
mircea_popescu: their liability is 10 and the assets 1.
deanclkclk: how would that show on the banks T account?
deanclkclk: yeah the 1 dollar is their current asset
deanclkclk: I get that
mircea_popescu: this is a purely accounting q, but :
mircea_popescu: step 1 : deposit 10, loan 9, reserve 1.
mircea_popescu: step 2 : withraw the 10 : deposit 0, loan 9, reserve 1, owed 10 to liquidity provider
mircea_popescu: this bank now owes the 10 it owed before, except not to its original depositor.
mircea_popescu: nothing much changed.
mircea_popescu: note that accounting generally is just a convention, and it may be uniquely adequate or uniquely inadequate to resolve any factual problems. in some formulations inflation is opaque to accounting, in some others quite transparent. this doesn't make inflation go away, even if it's very tempting for all governments historically to pretend so.
assbot: [MPEX] [S.MPOE] 7392 @ 0.00084236 = 6.2267 BTC [+]
deanclkclk: yes I know mircea_popescu but, I'm just wondering how would that show on the account
deanclkclk: but, with a deposit being 0...wouldn't that cause the T account to not be balanced?
deanclkclk: liabilties are greater than an asset
mircea_popescu: nope. you still owe 10, but not to depositors anymore, to liquidity provider instead.
mircea_popescu: just as balanced as it was.
mircea_popescu: it goes from liabilities 10 (depositors) to liabilities 10 (government) or w/e
deanclkclk: ohh so the liquidity provider funds the 10 dollars to pay back the depositor?
mircea_popescu: well yes
deanclkclk: liquidity provider in this case will be the central bank
mircea_popescu: someone will have to, as the 9 loaned out are loaned on terms and can't (in this example we use) be recalled.
mircea_popescu: in practice obviously some mix will be implemented.
mircea_popescu: it isn't the central bank in a functioning economy
assbot: [MPEX] [S.MPOE] 11550 @ 0.00084219 = 9.7273 BTC [-]
mircea_popescu: this is why the libor originally existed : so banks can liquidify each oth\er
mircea_popescu: the interest they settled on becoming the "fair" interest for everyone, smaller players
deanclkclk: ohh ok
mircea_popescu: if it is the central bank you have by any sensible definition a central command economy like the soviets, and even discussing "banks" is just a masquerade
deanclkclk: but, if the banks are funding themselves..would that not increase the total stock of money?
mircea_popescu: well, how ?
deanclkclk: because, if bank A give to Bank B...bank A is decreasing it's money stock and giving it to Bank B
assbot: [MPEX] [S.MPOE] 17311 @ 0.00083963 = 14.5348 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 16500 @ 0.00083961 = 13.8536 BTC [-]
assbot: [HAVELOCK] [SFI] 370 @ 0.001 = 0.37 BTC [+]
assbot: [MPEX] [S.MPOE] 3213 @ 0.00083961 = 2.6977 BTC [-]
assbot: [MPEX] [S.MPOE] 4316 @ 0.00083468 = 3.6025 BTC [-]
assbot: [MPEX] [S.MPOE] 22133 @ 0.0008367 = 18.5187 BTC [+]
assbot: [MPEX] [S.MPOE] 31799 @ 0.00083456 = 26.5382 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 56888 @ 0.00083424 = 47.4582 BTC [-] {2}
assbot: [HAVELOCK] [SFI] 500 @ 0.001 = 0.5 BTC [+]
assbot: [HAVELOCK] [HMF] 24 @ 0.02520706 = 0.605 BTC [-] {3}
assbot: [HAVELOCK] [AM1] 1 @ 0.46010011 BTC [-]
assbot: [HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC [+]
assbot: [MPEX] [S.MPOE] 1712 @ 0.00083386 = 1.4276 BTC [-]
assbot: [MPEX] [S.MPOE] 25188 @ 0.0008331 = 20.9841 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 100 @ 0.04999999 = 5 BTC [+]
assbot: [MPEX] [S.MPOE] 7259 @ 0.00083687 = 6.0748 BTC [+] {2}
assbot: [HAVELOCK] [AM100] 156 @ 0.0046 = 0.7176 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 11950 @ 0.00083899 = 10.0259 BTC [+] {2}
kleeck0: So, I'm confused. Should I stop mining on ghash.io?
Duffer1: yep
kleeck0: lol
kleeck0: Joking, joking.
Duffer1: oh hehe
kleeck0: Reddit is ablaze with STOP DAT GHASH!
Duffer1: good
Duffer1: reddit has it's uses
taub_: some hard movement on gox
mircea_popescu: what's the problem with ghash ?
Duffer1: too many of the gigahashes
mircea_popescu: i guess this explains why elegius actually found a coupla blocks today
mircea_popescu: hasn't been seen since... spring ?
Duffer1: 42+% of the network + attempted double spends on gambling sites
mircea_popescu: o seriously ? which ?
mircea_popescu: seems improbable
Duffer1: let me find the link
ozbot: GHash.IO and double-spending against BetCoin Dice
mircea_popescu: but that's... october ?!
mircea_popescu: Like a month ago, in September I witnessed a lot of double-spending against BetCoin Dice. I
mircea_popescu: herp. ghash has likely 0 to do with it.
mircea_popescu: clueless dice site clone guy can't read/doesn't understand what's going on
mircea_popescu: wasn't btc guild 49% back in march ?
mircea_popescu: before their pliant attitude to the -dev chan pretty much cost them their business ?
Duffer1: i think they got close ya
assbot: [MPEX] [S.MPOE] 14791 @ 0.00084011 = 12.4261 BTC [+]
KRS1: i think they did something about it..ghash.io isnt maybe
mircea_popescu: in principle no pool should be over 40%
mircea_popescu: course reddit is about as likely to change weather patterns as it is likely to have any impact on this matter, but naywya.
assbot: [MPEX] [S.MPOE] 11095 @ 0.00083988 = 9.3185 BTC [-] {2}
assbot: [HAVELOCK] [AM100] 140 @ 0.0046 = 0.644 BTC [+]
assbot: [MPEX] [S.MPOE] 13400 @ 0.00083945 = 11.2486 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 4350 @ 0.00083897 = 3.6495 BTC [-]
assbot: [HAVELOCK] [SFI] 556 @ 0.001 = 0.556 BTC [+]
assbot: [HAVELOCK] [HMF] 4 @ 0.02559 = 0.1024 BTC [+]
assbot: [MPEX] [S.MPOE] 15100 @ 0.00083901 = 12.6691 BTC [+] {2}
Duffer1: Lloyds of London
Duffer1: <---called it
asciilifeform: microscope hammer.
KRS1: why is not my cardano insured? INFIDELS
mike_c: whoa, they use "deep cold storage". that sounds better.
mike_c: biz idea: "super-deep frozen storage".
Troic_: the policy sucks, claims calculated in BTC; if rate has gone down, but GBP at insure date if rate has gone up.
the20year: i wonder waht their rate is
Troic_: 2% of total cover, in GBP
Duffer1: you pay more to insure at x value of fiat
Duffer1: dunno what their policy is if/when it goes below that..
the20year: fiat insurance is 2% or higher from Lloyds?
Duffer1: er nm i suppose that wouldn't matter for theft insurance
the20year: So ghash is at 42%
assbot: [MPEX] [S.MPOE] 10045 @ 0.00083989 = 8.4367 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 3955 @ 0.00083882 = 3.3175 BTC [-]
assbot: [MPEX] [S.MPOE] 21750 @ 0.00084168 = 18.3065 BTC [+]
assbot: [MPEX] [S.MPOE] 2350 @ 0.00084219 = 1.9791 BTC [+]
assbot: [HAVELOCK] [SFI] 4000 @ 0.001 = 4 BTC [+]
KRS1: is it better to have deep or cold storage
assbot: [HAVELOCK] [AM1] 2 @ 0.46200116 = 0.924 BTC [+] {2}
KRS1: like..if I have a wallet, I need it to be deep for fat stacks, but if its cold I can't exactly whip it out
assbot: [MPEX] [S.MPOE] 16546 @ 0.00084232 = 13.937 BTC [+] {2}
mjoiii: /join #bitcoin
mike_c: that's a big problem with bitcoin. you can't roll up a fat stack with a rubber band and slap them on the table.
Duffer1: paper wallets, 1 satoshi each
Duffer1: biggest stack of $$ you've ever seen
asciilifeform: there's a serious problem with the horseless carriage - you can't whip its arse to make it go faster.
mike_c: totally agreed! that's why horse races are more exciting than nascar.
Duffer1: watching water boil is more exciting than nascar
pankkake: and why ponygirl races are more exciting than horse races
asciilifeform: now if only horses could catch fire and engulf the audience in an inferno.
Duffer1: i'd watch that
mike_c: well, they do trip occasionally and then got shot right out on the track.
mike_c: *get
assbot: [HAVELOCK] [AM1] 2 @ 0.4620505 = 0.9241 BTC [+] {2}
mircea_popescu: fun fact : the us has been quietly returning gold to germany
mircea_popescu: except... well... it doesn't have the stamps
mircea_popescu: "it had to be melted for transport" says the official story.
pankkake: filled with tungsten?
mircea_popescu: i doubt that.
pankkake: yeah they will check
Duffer1: is this news significant?
mircea_popescu: Duffer1 well... depends how much you've been following the precious metal wranglings
assbot: [MPEX] [S.MPOE] 2100 @ 0.00084227 = 1.7688 BTC [-]
Duffer1: ah ya i haven't followed metals at all
mike_c: not having the stamps is interesting. yet another confirmation that the fed plays games with other countries deposits.
assbot: [MPEX] [S.MPOE] 18550 @ 0.00084134 = 15.6069 BTC [-] {2}
mircea_popescu: mike_c course there's not really enough gold on deposit to be doing it
mircea_popescu: so unless china graciously decided to lend... or else maybe russia ?
mircea_popescu: or japan. india isn't, and there just aren't that many folks with gold
mike_c: no way china would lend us gold
mircea_popescu: seeing how it's worthless and not particularly important in modern finance etc.
mircea_popescu: why not ? it's lending everything else...
mike_c: that's why. gold is the only thing it hoards.
mike_c: at least until it starts hoarding btc
mircea_popescu: ip is the only thing it hoards.
mircea_popescu: and as the inept leadership oif the us has been giving them absolutely all the techs in the most incredible transfer of wealth/spoliage in human history,
Duffer1: but dat labor so cheap
mike_c: it collects ip. hoarding would indicate it is creating ip and not sharing.
mircea_popescu: i can't imagine why they'd care about lending a little gold so various us idiots can save a little face.
mircea_popescu: o, it's not sharing.
mircea_popescu: you don't get to see what it develops on top of what it loots from us corps.
assbot: [MPEX] [S.MPOE] 27200 @ 0.00084246 = 22.9149 BTC [+] {2}
mike_c: invisible ip? what are they doing that is so cool?
assbot: [HAVELOCK] [SFI] 20719 @ 0.001 = 20.719 BTC [+]
mike_c: they can keep the cheap kewpie doll ip.
mircea_popescu: they're putting a guy on the moon.
mircea_popescu: anyway, THEIR nsa isn't being riddled with fuckwith trannies that turncoat, so you don';t really know what they are doing.
ozbot: Dangerous Minds
asciilifeform: considering the inclination of usg to run things at a loss (so long as said loss can be pawned off on some chump),
assbot: [HAVELOCK] [NEOBEE] 98 @ 0.00299668 = 0.2937 BTC [+]
asciilifeform: perhaps the gold was 'borrowed' from a neutron bombardment reactor at sandia or somesuch.
mircea_popescu: in these qtys ?
mircea_popescu: kakobrekla omfg, rpietilla is chinese
KRS1: thought he was espanish
kakobrekla: enorwegian afaik
assbot: [HAVELOCK] [NEOBEE] 55 @ 0.00299668 = 0.1648 BTC [+]
mircea_popescu: he's eweirdo, wherever those are
mircea_popescu: rhutenia or latvia or somesuch. kaspiar.
mircea_popescu: kakobrekla anyway, that's kind-of culture shock. the chinese do that sort of thing in chinese all the time. very self-stroking culture, it's not quite as wow as in european terms
assbot: [MPEX] [S.MPOE] 1550 @ 0.00084128 = 1.304 BTC [-]
assbot: [HAVELOCK] [AM100] 150 @ 0.00464999 = 0.6975 BTC [+] {4}
assbot: [HAVELOCK] [AM100] 61 @ 0.00465 = 0.2837 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 11850 @ 0.00083876 = 9.9393 BTC [-]
benkay`: ;;gettrust benkay
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay` to user benkay: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay`&dest=benkay | WoT data: http://b-otc.com/vrd?nick=benkay | Rated since: Sun Mar 10 13:57:45 2013
assbot: [HAVELOCK] [AM1] 1 @ 0.462011 BTC [-]
assbot: [HAVELOCK] [PETA] 9 @ 0.04999999 = 0.45 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1000 @ 0.00298191 = 2.9819 BTC [-] {10}
assbot: [HAVELOCK] [CFIG] 12 @ 0.10035833 = 1.2043 BTC [-] {6}
assbot: [HAVELOCK] [HMF] 7 @ 0.02559 = 0.1791 BTC [+]
deadweasel: These nice new cheap samsung monitors are less appealing now
assbot: [MPEX] [S.MPOE] 26750 @ 0.00083876 = 22.4368 BTC [-]
assbot: [HAVELOCK] [HIF] 625 @ 0.000475 = 0.2969 BTC [+]
assbot: [MPEX] [S.MPOE] 12050 @ 0.0008391 = 10.1112 BTC [+] {2}
assbot: [HAVELOCK] [MS] 15266 @ 0.005 = 76.33 BTC {4}
assbot: [MPEX] [S.MPOE] 46500 @ 0.00083925 = 39.0251 BTC [+]
assbot: [HAVELOCK] [MS] 60 @ 0.005 = 0.3 BTC {2}
assbot: [HAVELOCK] [MS] 100 @ 0.005 = 0.5 BTC
Duffer1: 100,000 units of mintspare now up for sale on havelock
PLambert: Oh look, MS is now available on Havelock. Who is excited to lose their money?
PLambert: bah, you beat me by a second :(
Duffer1: ha man i tried to warn them in that thread, hopefully that 160 is all they sell
PLambert: what, people are actaully buying that shit?
Duffer1: havelock trying to fake volume
PLambert: maybe it is the operator trying to make themself look more presentable
PLambert: bah, you beat me by a second again :(
Duffer1: hehe
Duffer1: no i expect they'll sell out because... history like repeating itself
topace: there's no faking volume
PLambert: they are asking for way too much money and giving way too little in return, and their business model is easily copied
assbot: [HAVELOCK] [HIF] 500 @ 0.00048 = 0.24 BTC [+]
PLambert: volume is easy to fake
Duffer1: and the original could jsut start accepting bitcoins themselves and kill off all competition QUITE easily
PLambert: just need a couple bitcoins, send to stooge's account, buy shares, repeat
PLambert: what is the original?
assbot: [MPEX] [S.MPOE] 4380 @ 0.00083926 = 3.676 BTC [+] {2}
topace: real shares being bought with real bitcoins != fake volume
PLambert: can you tell the difference between real and fake?
jborkl: wait, so they buy old cellphones for bitcoins
jborkl: uggh
PLambert: jborkl, yeah and "fix them and resell"
assbot: [HAVELOCK] [MS] 4000 @ 0.005 = 20 BTC
PLambert: see, there is some fake volume?
Duffer1: R.I.P. 20 btc, you will be missed
topace: PLambert: why do you think thats "fake" ?
jborkl: so, when the exchange rate rapes them - they are out of business
PLambert: who has 20 btc and is dumb enough to fall for this?
topace: real bitcoins used to buy real shares
topace: im watching the server right now
assbot: [HAVELOCK] [MS] 50 @ 0.005 = 0.25 BTC
topace: and i wrote the damn platform
topace: there's no way to "fake" trades
PLambert: I am not saying they are fake trades, just that they are insider trades
topace: "[13:16:11] <PLambert> see, there is some fake volume?"
jborkl: topace, do you know how they plan to resell? are they shipping them overseas to Africa or selling them for BTC again?
PLambert: topace, I am not saying that the trade is not hapenning, just guessing that it is an insider
mike_c: selling them on ebay
Duffer1: i believe 'volume' is being used here to mean: "puppet accounts using btc to provide the illusion of demand"
topace: jborkl: im not involved with the actual listings anymore
mike_c: for lolz:
PLambert: duffer1: right, puppet is a good word for what I meant
Duffer1: topace i'm not saying that is what's happening, i have no idea, that's just my overly cynical ravings talking
assbot: [HAVELOCK] [MS] 50 @ 0.005 = 0.25 BTC
assbot: [HAVELOCK] [AM1] 6 @ 0.49799993 = 2.988 BTC [+] {3}
assbot: [HAVELOCK] [AM100] 46 @ 0.0044332 = 0.2039 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 5 @ 0.04999999 = 0.25 BTC [+]
ozbot: Bitcoin
ozbot: Bitcoin payments are now live on Overstock.com : Bitcoin
assbot: [HAVELOCK] [COG.F2] 1 @ 0.575 BTC [+]
ThickAsThieves: partnered with coinbase on it
Duffer1: wow that got that done a lot faster than i thought they would
ThickAsThieves: they were waiting for a dip to buy in first
assbot: [MPEX] [S.MPOE] 5496 @ 0.00083958 = 4.6143 BTC [+]
assbot: [HAVELOCK] [MS] 22 @ 0.005 = 0.11 BTC
TomServo: Anyone ever used cashintocoins.com?
assbot: [HAVELOCK] [MS] 60 @ 0.005 = 0.3 BTC
ozbot: Could a Civil War-Era Law Stamp Out Bitcoin? | Wired Enterprise | Wired.com
assbot: [HAVELOCK] [MS] 228 @ 0.005 = 1.14 BTC
assbot: [MPEX] [S.MPOE] 12450 @ 0.00084197 = 10.4825 BTC [+] {2}
ThickAsThieves: "This 152-year-old law forbids any American from issuing a check, note, or token that’s worth less than $1"
ThickAsThieves: guess we need satoshi dollar parity
Duffer1: lul :/
ThickAsThieves: to the bitmobile!
assbot: [HAVELOCK] [MS] 240 @ 0.005 = 1.2 BTC
mircea_popescu: this 226 year old constitution forbids any law from forbiding stupid shit
mircea_popescu: so problem solved
assbot: [HAVELOCK] [SFI] 500 @ 0.001 = 0.5 BTC [+]
ozbot: 1418481395.26264 | Next Diff in 680 blocks | Estimated Change: 19.6216% in 3d 18h 45m 1s
assbot: [MPEX] [S.MPOE] 10750 @ 0.00084161 = 9.0473 BTC [-]
assbot: [MPEX] [S.MPOE] 9400 @ 0.00084161 = 7.9111 BTC [-]
KRS1: I used cashintocoins.com a few times- very good service.
assbot: [HAVELOCK] [PETA] 30 @ 0.04999999 = 1.5 BTC [+]
assbot: [HAVELOCK] [HMF] 5 @ 0.02559 = 0.128 BTC [+]
the20year: Anyone want to take a look at the revised rentalstarter business plan/disclosure?
assbot: [MPEX] [S.MPOE] 16550 @ 0.00084252 = 13.9437 BTC [+]
mike_c: sure
assbot: [HAVELOCK] [MS] 29 @ 0.005 = 0.145 BTC
assbot: [MPEX] [S.MPOE] 6800 @ 0.00084252 = 5.7291 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 12495 @ 0.0008415 = 10.5145 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 12745 @ 0.0008415 = 10.7249 BTC [-]
assbot: [MPEX] [S.MPOE] 31505 @ 0.00084049 = 26.4796 BTC [-]
assbot: [MPEX] [S.MPOE] 83780 @ 0.00083936 = 70.3216 BTC [-] {5}
assbot: [HAVELOCK] [SFI] 200 @ 0.001 = 0.2 BTC [+]
assbot: [MPEX] [S.MPOE] 13237 @ 0.00084253 = 11.1526 BTC [+] {2}
assbot: [HAVELOCK] [MS] 30 @ 0.005 = 0.15 BTC
assbot: [HAVELOCK] [HMF] 14 @ 0.02559 = 0.3583 BTC [+]
assbot: [HAVELOCK] [CBTC] 3136 @ 0.00009449 = 0.2963 BTC [-]
assbot: [MPEX] [S.MPOE] 26500 @ 0.00084118 = 22.2913 BTC [-]
assbot: [MPEX] [S.MPOE] 2200 @ 0.00083876 = 1.8453 BTC [-]
mike_c: is mpex taking wire transfers now? blockchain isn't showing any deposits since november.
mike_c: quiet month i guess
assbot: [HAVELOCK] [PETA] 40 @ 0.04999999 = 2 BTC [+]
assbot: [HAVELOCK] [HMF] 11 @ 0.02619899 = 0.2882 BTC [+]
assbot: [HAVELOCK] [MS] 60 @ 0.005 = 0.3 BTC
assbot: [HAVELOCK] [PETA] 35 @ 0.04999999 = 1.75 BTC [+]
assbot: [HAVELOCK] [SFI] 500 @ 0.001 = 0.5 BTC [+]
assbot: [MPEX] [S.MPOE] 22758 @ 0.00084267 = 19.1775 BTC [+] {2}
ozbot: Another massive flawless patching. Noone shares the excitement. - DevOps Reactions
pankkake: devops is still a thing?
mircea_popescu: "now where did i park again ?! maybe it was in the pink ?"
benkay`: us management didn't turn over overnight, pankkake. still gotta deal with the derps.
benkay`: in the meantime, it's an acceptable shorthand for a whole buncha shit.
assbot: [HAVELOCK] [HMF] 20 @ 0.02619899 = 0.524 BTC [+]
KRS1: nice send moar pr0ns and dtng
KRS1: lel definately in the pink
mircea_popescu: buda, of course, is romanian for toilet
mike_c: speaking of virtual reality, i tried an oculus rift for the first time recently. mindblowing.
KRS1: Mmmm those are the eastern/European women i love so much.
KRS1: I think I need to move to somewhere in Europe.
KRS1: Probably Poland. Their womens look delicious.
mircea_popescu: prolly serbia is the cheapest atm.
mircea_popescu: kinda funny to see women that look like women declared "eastern european".
mircea_popescu: you know us chicks would look exactly the same if you made them walk everywhere and cook.
mircea_popescu: and they did back when you did.
KRS1: that oculus looks badass
BingoBoingo: Right now I'd lean towards serbia over Poland for the weather.
KRS1: Womens who look like that are probably of Euro descent. Most people in the U.S. are of immigrant descent.
mircea_popescu: serbia isn't big enough to have a weather
mircea_popescu: KRS1 ie, german.
KRS1: Except for Aborigine women..ew.
Vexual: yeah but give an east berlin chick a club and she'll just start dancing
KRS1: Aboriginal womenz http://tinyurl.com/omejnqk
KRS1: :X
KRS1: ..and that chick with the red hair is considered hawt there.
assbot: [MPEX] [S.MPOE] 11000 @ 0.00084239 = 9.2663 BTC [-]
benkay`: nice, vex.
assbot: [MPEX] [S.MPOE] 14400 @ 0.00083997 = 12.0956 BTC [-]
KRS1: My last g/f was Polish-ish. She had greyblue eyes and very straight blondish-brown hair..if this is how Europen women mostly look I must go. There is no other type of woman for me.
mircea_popescu: i think europeans are mostly brunette.
mircea_popescu: course, if you stick to german lands...
assbot: [MPEX] [S.MPOE] 35850 @ 0.00083895 = 30.0764 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 9090 @ 0.00083692 = 7.6076 BTC [-] {2}
Vexual: it's amazing what an ice age can do
assbot: AMAZING COMPANY!
assbot: [HAVELOCK] [SFI] 150 @ 0.001 = 0.15 BTC [+]
assbot: [MPEX] [S.MPOE] 9000 @ 0.00084367 = 7.593 BTC [+]
KRS1: Germany it is!
KRS1: Brunettes...pubes..its like the black hole..can't go down there..not down with that.
KRS1: I just love the round-robin discussion topic nature of IRC.
martjoh: Hello everyone
assbot: [MPEX] [S.MPOE] 2199 @ 0.00083798 = 1.8427 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 120 @ 0.00298649 = 0.3584 BTC [+] {3}
mike_c: hello
assbot: [HAVELOCK] [NEOBEE] 55 @ 0.00299699 = 0.1648 BTC [+]
benkay: what brings you to -assets, martjoh?
nubbins`: so i've decided to throw some money away
Vexual: solar powered mining nubs?
nubbins`: nah. just listed a rare casascius coin on ebay, starting bid $3.8k
nubbins`: (HEH)
nubbins`: likely will lose listing fees
martjoh: benkay, I was referred and i would love just to check it out
benkay: referred by whom, martjoh? what topics pique your interest?
assbot: [HAVELOCK] [HMF] 14 @ 0.02505687 = 0.3508 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 168 @ 0.002997 = 0.5035 BTC [+]
assbot: [HAVELOCK] [KCIM] 65 @ 0.003 = 0.195 BTC [-] {3}
ozbot: The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins | Wired Business | Wired.com
kakobrekla: dunno im prolly late anyway
assbot: [MPEX] [S.MPOE] 27851 @ 0.00083821 = 23.345 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 64013 @ 0.00084401 = 54.0276 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 187 @ 0.0008454 = 0.1581 BTC [+]
assbot: [MPEX] [S.MPOE] 3549 @ 0.0008434 = 2.9932 BTC [-]
BingoBoingo: kakobrekla: Such a shame Roger Ver was so readily displaced as the used electronics BTC Jesus
nubbins`: thinking about putting linux on a touchscreen netbook for my mother. distro recommendations?
nubbins`: thinking ubuntu or mint, not sure about touch support in either
assbot: [MPEX] [S.MPOE] 26250 @ 0.00083651 = 21.9584 BTC [-]
PLambert: isn't android a linux version made for touch screens?
nubbins`: after a fashion
BingoBoingo: nubbins`: Ubuntu isn't bad for such uses so long as someone isn't betting their life on the machine
nubbins`: nah, just casual use
nubbins`: she's in her 60s
benkay: just get her an apple, nubbins`. you'll be so much less burdened with tech support...
nubbins`: i'd love to, she doesn't want to spend the $$
nubbins`: her last netbook was $300 and lasted 4 years
assbot: [MPEX] [S.MPOE] 17987 @ 0.00083651 = 15.0463 BTC [-]
PLambert: I thought Ubuntu was releasing a mobile version soon, that would imply they are trying to support touchscreens?
assbot: [MPEX] [S.MPOE] 7136 @ 0.00083497 = 5.9583 BTC [-]
nubbins`: apparently ubuntu supports touch
assbot: [MPEX] [S.MPOE] 58500 @ 0.00083385 = 48.7802 BTC [-] {2}
BingoBoingo: nubbins`: Use lenovo x120e's are running $150-300 and do great with most Linux and BSd distros
asciilifeform: BingoBoingo: problem with ancient laptops is the almost total impossibility of finding a working battery.
BingoBoingo: asciilifeform: These aren't ancient.
asciilifeform: >2 yrs. or so.
twizt: lenovo towers are great
nubbins`: BingoBoingo: will look into that, thanks
asciilifeform: about the shelf life of Li ion cell.
twizt: some people are all about apple, im all about lenovo haha
BingoBoingo: Mine's just around 2 years old. I've taken apart most everything but the battery in the course of replacing the fan.
nubbins`: my last office job, every computer in the building was a lenovo
nubbins`: actually, every computer across the country
nubbins`: thousands of employees
nubbins`: all using lenovo
nubbins`: anyway, friend popping over. thanks for the advice
nubbins`: cheers
twizt: ibm think pad
twizt: i bought 4 X220 tablets
twizt: still on #1
twizt: been 2 years
twizt: i have too many computers....
assbot: [MPEX] [S.MPOE] 14214 @ 0.00083381 = 11.8518 BTC [-]
BingoBoingo: twizt: Honestly I picked my X120e for the amd fusion chip, and I've fallen in love with it for the keyboard
twizt: you have the mac style keyboard?
twizt: or the old one
twizt: with the red ball mouse
BingoBoingo: twizt: It has the clit and a trackpad
BingoBoingo: the keyboard has chiclet keys, but they have enough curve on top to make navigation something other than a pain
twizt: yea the mac style
twizt: lol
pankkake: yeah I like my keyboards like I like my women, with curves
coinslot: minislim
twizt: lmao
assbot: [MPEX] [S.MPOE] 18686 @ 0.00083273 = 15.5604 BTC [-]
pankkake: asciilifeform: there are many third party services making batteries, so I wouldn't be so sure about that
asciilifeform: pankkake: i bought dozens of aftermarket batteries for various gadgets over the years, and not one had anything like the performance of the original.
asciilifeform: maybe i'm just unlucky, but they never get the charge controller (aka 'fuel gauge') right.
coinslot: cointerra and bitfury need to ship already so PETA can start mining! grrrr
pankkake: I wouldn't be surprised. and it's expensive too
asciilifeform: what the chinese normally do is spot-weld new Li cells into an old battery
BingoBoingo: asciilifeform: There have only been a couple revision to this model, but to the best of my knowledge the battery is identicle until the one released a couple months ago.
asciilifeform: without doing anything to the original (stateful!) charge IC
pankkake: thankfully I don't really need laptops
BingoBoingo: I really only need 10-20 minutes of battery so I can take the thing out to the garage for smoke breaks, then again that is prolly why I keep having to replace the fucking fan
twizt: i smoke weed around my laptop all the time
KRS1: but does your laptop deserve such pleasures
twizt: haha
twizt: its a thinkPad
twizt: so yes
assbot: [MPEX] [S.MPOE] 21401 @ 0.00084035 = 17.9843 BTC [+]
KRS1: Wells Fargo is getting bitcoin friendly.
KRS1: They just agreed to allow PlayCoin Entertainment to open an account with them.
assbot: [HAVELOCK] [AM1] 1 @ 0.49 BTC [-]
pankkake: do they know it's a bitcoin business?
assbot: [MPEX] [S.MPOE] 30600 @ 0.0008454 = 25.8692 BTC [+]
BingoBoingo: Browsing Overstock.com I can help but enounter shitty design decision I haven't faced in years. Why the fuck do all of hese watches with Quarts movements have second hands
PLambert: you want a watch without a second hand?
BingoBoingo: PLambert: If it has a quartz movement, yes
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0029406 = 0.2941 BTC [-]
assbot: [HAVELOCK] [MS] 40 @ 0.005 = 0.2 BTC
assbot: [MPEX] [S.MPOE] 27400 @ 0.0008454 = 23.164 BTC [+]
KRS1: idk what they know pankkake
assbot: [MPEX] [S.MPOE] 2713 @ 0.0008454 = 2.2936 BTC [+]
kakobrekla: green could be more comfortable to wear
BingoBoingo: Thank you kakobrekla Green does seem more comfortable. I might go with that.
assbot: [MPEX] [S.MPOE] 14087 @ 0.00084551 = 11.9107 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 160 @ 0.002997 = 0.4795 BTC [+]
BingoBoingo: pankkake: I'm just looking for something shiny I can pick up while paying tribute to new used electronics BTC Jesus (pronounced like the Janitor rather than the savior)
BingoBoingo: It is good to see though that even Vexual can get stocked up here http://www.overstock.com/Health-Beauty/Incontinence/1485/cat.html?TID=TN:HB:Incont
kakobrekla: thought you gonna link bongs and such
BingoBoingo: kakobrekla: Too gone for that. Vexual has all of the tools he needs to become Vexual. He just needs to control the mess nao.
BingoBoingo: I have one of these already, but the description starts lying on the second word when it describes this thing as "sleek" http://www.overstock.com/Jewelry-Watches/Seiko-Mens-Orange-Monster-Automatic-Silver-Stainless-Steel-Watch/8338833/product.html
BingoBoingo: That fucker feel like exactly how you might imagine a third of a pound of diving equiptment feels on the wrist
kakobrekla: i stoped wearing my binary wrist watch after i got my first cellphone that showed time
kakobrekla: it was such
kakobrekla: www.hybrid.pe.kr/tt/attach/1/7035478176.jpg
kakobrekla: i had the one on the left
BingoBoingo: I just ordered the green one so nobody order from overstock.com until it arrives. We can't be feeding scamzors can we?
kakobrekla: i hope you went for the red one, nsa is reading this.
Azelphur: I was one of the first 500 backers...supposed to ship this month
kakobrekla: no no wrong way Azelphur
kakobrekla: i dont need smart anything, if anything i need stupid stuff
kakobrekla: person included
Azelphur: nice
kakobrekla: anyway, i dont use a wrist anything anymore since cell took care of that, but even cell i use once a week on average
BingoBoingo: kakobrekla: Well the wrist to metal ratio on this pushed me to get the red/[and][or]/green one.
ozbot: Unsee — Secure and private temporary image hosting
kakobrekla: hehe yeah but expect 3 mics installed!
Azelphur: haha I have a phone and tablet that I use regularly
kakobrekla: BingoBoingo i bet your arm feels a lot lighter if you take that thing off eh
kakobrekla: "watch it people, i took my watch off"
BingoBoingo: Yeah. I picked that think up when I worked at a mall kiosk the year before BTC happened
BingoBoingo: No electronic parts though
kakobrekla: aha self powering thingy?
BingoBoingo: NSA can't read my time... without a microphone... that wouldn't have to be very sensitive... because it is awfully loud
BingoBoingo: It isn't like time is real anyway
BingoBoingo: Uh oh kakobrekla Garr255 might get BitBet to say who you are http://gawker.com/court-orders-yelp-to-reveal-anonymous-reviewers-identi-1498108583
BingoBoingo: This is seriously a bad precedent though, if only people who fell for scams pointed out scams every scam would be unconditionally loved decades after having gone totes scam
kakobrekla: i imagine he is that dumb he would try that, but my info is easily obtainable
BingoBoingo: Well, one just has to care to check the S.BBET contract.
kakobrekla: prett much so
assbot: [HAVELOCK] [MS] 25 @ 0.005 = 0.125 BTC
BingoBoingo: I think I need to make a cryptostocks account. Imma make a mining farm. S.Potato
assbot: [MPEX] [S.MPOE] 5300 @ 0.00084507 = 4.4789 BTC [-]
kakobrekla: why just not LTC.Asic
BingoBoingo: Imma farm like 10 potato plants. ANd when they grow ptotatos I'll sell them for BTC
kakobrekla: a that
assbot: [MPEX] [S.MPOE] 21150 @ 0.00084461 = 17.8635 BTC [-]
kakobrekla: usagi/eskimo bob style
BingoBoingo: It will be insured too. If the potatos don't grow I'll buy some at the store.
BingoBoingo: And then sell them for BTC
BingoBoingo: This has to be like a 0.0025 BTC business
kakobrekla: yeah well btc is clearly on top now and potatos are on the bottom
kakobrekla: seems normal to hedge some
BingoBoingo: Maybe in July I'll open the S.Potato delivers BitBet, but this might be a bit small for BitBet
kakobrekla: dunno, maybe it will suffice if you make it a club
BingoBoingo: Nah, this will be the stupidest and most predictible asset in BTC history.
BingoBoingo: Perfect for people who want to short BTC and long potatos
BingoBoingo: Fuck this shit. Cryptostocks wants 1BTC to list a security. I plan on growing maybe 5-20lbs of potatos.
kakobrekla: sell shares directly doh
BingoBoingo: Eh, then I will have to vanitygen 1potato
BingoBoingo: Motherfuckers, someone is already squatting bitcoinpotato.com http://bitcoinpotato.com/
assbot: [MPEX] [S.MPOE] 262 @ 0.00084551 = 0.2215 BTC [+]
BingoBoingo: Just used the contact us for to let bitcoinpotato.com know that I want his domain
assbot: [MPEX] [S.MPOE] 28388 @ 0.00084566 = 24.0066 BTC [+] {2}
assbot: [MPEX] [S.BBET] 1000 @ 0.000501 = 0.501 BTC [-]
assbot: [MPEX] [S.MPOE] 550 @ 0.00084328 = 0.4638 BTC [-]
assbot: [MPEX] [S.BBET] 1000 @ 0.0005 = 0.5 BTC [-]
BingoBoingo: The BBWA has declared war on the internet
ozbot: BBWAA.com: Official site of the Baseball Writers' Assn. of America.
assbot: [MPEX] [S.MPOE] 33245 @ 0.00084457 = 28.0777 BTC [+] {2}
assbot: [HAVELOCK] [MS] 25 @ 0.005 = 0.125 BTC
asciilifeform: BingoBoingo: care to explain?
BingoBoingo: asciilifeform: Some baseball writer crowdsourced who would appear on his Hall of Fame ballot and nao the other baseball writers are butthurt
asciilifeform: granted i don't know the sport, but presumably that wasn't what they normally agree to?
asciilifeform: sort of like the legendary programmer who secretly outsourced his job to chinese slaves.
BingoBoingo: Well, these examples happen in defferent contexts.
BingoBoingo: The baseball writer is a specialist tasked with preserving the cultural memory of a pursuit a large part of the population has an affinity for.
BingoBoingo: The programmer is a specialist tasked with making Java do something in one particular case.
asciilifeform: BingoBoingo: what would you think if you had paid a little for, say, kasparov to play a game with you, and found out that he's taking a vote from web wankers as to each move instead of playing?
assbot: [HAVELOCK] [MS] 35 @ 0.005 = 0.175 BTC
BingoBoingo: If I was playing on IRC I'd be rather indifferent. I anticipate no one I play chess with on IRC actually playing. I just assume they are all using fruit or whatever the fashionable engine is nao a days. The value in playing Kasparov would be the trash talk.
BingoBoingo: I dunno what the price to get Kasparov to actually play nao would be though.
BingoBoingo: His entire brand nao is pretty much built on the fact he doesn't play
asciilifeform: idea is, you're paying him (or pick another favourite) to get a real feel for the style
asciilifeform: and you find out that he was getting reddit wankers' moves in a spy earphone
BingoBoingo: AnywaysI could lose to web wakers just about as easily as I can lose to Kasparov.
asciilifeform: you ask why, he tells you 'that's my style now'
asciilifeform: you paid for a kasparov game, presumably, not a reddit game
BingoBoingo: Well the top player now Carlsen plays as though he just pulls whatever opening books reddit suggests he play
BingoBoingo: I dunno that I'd be able to appreciate playing a real Kasparov game since most of the beauty happens in the middle and endgame normally
asciilifeform: or say, he decides to play by picking legal moves from an rng.
asciilifeform: would you still feel that you got your money's worth?
BingoBoingo: It depends on the RNG.
asciilifeform: good exercise btw
asciilifeform: 'write random chess player'
asciilifeform: will it always get easily 'kindermatt'ed or not?
assbot: [MPEX] [S.MPOE] 20100 @ 0.00083764 = 16.8366 BTC [-]
truffles: how are we today BingoBoingo?
BingoBoingo: Whether that happens I imagine depends on the first move that gets picked.
BingoBoingo: truffles I'm not feeling bad
asciilifeform: could one get some idea of a player's strength in seeing how long 'rngchess' lasts against him?
BingoBoingo: asciilifeform: Depends on when in the game RNG chess kicks in
asciilifeform: first move to last.
asciilifeform: machine always chooses random (uniform distrib.) legal move.
BingoBoingo: If RNG chess doesn' have a good opening book you might need a rather large sample size of games to evaluate players
asciilifeform: no opening book. just random legal move for every move.
BingoBoingo: If the RNG plays as white for any first move other than 1 d4 and the other than 1 e4 and 1 f4 the RNG's winning chances are diminished at the start
truffles: is chess solved?
BingoBoingo: truffles: not yet
assbot: [MPEX] [S.MPOE] 650 @ 0.00084221 = 0.5474 BTC [+]
truffles: some declare tis
asciilifeform: i'd be rather surprised if rngchess ever wins.
asciilifeform: the question is how long it will take, normally, to lose.
BingoBoingo: truffles: Even the best engines still require human intervention in the first 12 moves to compete at a high level
asciilifeform: rngchess is unlikely to win even against itself (one ought to expect stalemate first.)
BingoBoingo: asciilifeform: Well the thing is astoundingly poor play can can longer to lose a game than plainly naive play
asciilifeform: in fact, a challenge for a human might consist in: 'lose to rngchess.'
BingoBoingo: The 3-5 move mating combinations generally happen against people with some ideas of principles of the game. People who come in blind actually tend to defend agaist them more frequently in my experience.
truffles: ure saying machine cant beat human at this time?
BingoBoingo: truffles: asciilifeform is saying a human can't lose to an RNG, a specific type of machine
asciilifeform: can. just with difficulty
asciilifeform: machine in question plays randomly selected legal moves at all times.
truffles: uh whyd it do that..
asciilifeform: thought experiment.
BingoBoingo: Most chess engines don't actually work from very different principles at the moment which is why Fruit will open with 1. f3 a disappointing number of times
truffles: does a human do random moves though
BingoBoingo: truffles: Humans don't do good random moves
BingoBoingo: Humans don't do good random anything
BingoBoingo: Outside of temporal lobe epilepsy
truffles: put some dubstep to it
truffles: in slow motion
BingoBoingo: FUKU USCF
BingoBoingo: I want to look up my ELO rating, but no
BingoBoingo: Instead of a useful link there is a fucking banner ad
BingoBoingo: That obscures the link I want
truffles: i think ure above 900 for sure
assbot: [MPEX] [S.NSA] 9000 @ 0.000107 = 0.963 BTC [-]
BingoBoingo: truffles: On over the board play against people I can spit on I'm rated in the 930's
truffles: ive never been rated
BingoBoingo: I did it in grade school and throughout my adult life so far some bars with decent Bloody Maries have held tournaments
assbot: [MPEX] [S.MPOE] 1080 @ 0.00084221 = 0.9096 BTC [+]
BingoBoingo: Ah, as of April 2012 I am rated 887
BingoBoingo: Elo rating though
BingoBoingo: So I'm not 887th best in the world. I'm 887 on a scale from 0 to 3000
BingoBoingo: So... I sent the BBWAA an email asking for membership. I wonder if they will negligently accept me as Bruce Schneier's comment section did.
asciilifeform: schneier virtually never rejects anything but blatant spam.
BingoBoingo: asciilifeform: He rejected a lot of people in this channel supposing Cardano announcements
truffles: he seems cool
BingoBoingo: Or critiques of his airgap article
truffles: what kind of requests twitter?
assbot: [MPEX] [S.MPOE] 16600 @ 0.00084045 = 13.9515 BTC [-] {2}
assbot: [MPEX] [S.MG] 9608 @ 0.00010001 = 0.9609 BTC [-] {2}
KRS1: o/ mjr_
BingoBoingo: I was the one who got a link to MP's airgap response to stick there after a lot of rejects from here
KRS1: cardano isn't even insured
truffles: he rejected mp?
BingoBoingo: truffles: Seems like he is a government agent
truffles: id never suspect mp
BingoBoingo: truffles: Not till you find him inside your wife
KRS1: hell of a place to be in any circumstance
truffles: that would never happen :D
assbot: [MPEX] [S.MPOE] 1200 @ 0.00084221 = 1.0107 BTC [+]
BingoBoingo: KRS1: WTF would insurance benefit a cardano anyway
asciilifeform: when you go skydiving, do you insure your parachute?
truffles: ;;google cardano
truffles: which one
asciilifeform: gerolamo.
BingoBoingo: No, you insure the plane so other causalties pay you . Insuring the parachute only pays your survivors.
KRS1: Low blow at the Cardano. Recently the world's first insured storage service was launched in the U.K.
KRS1: insteresting analogy BingoBoingo
KRS1: The whole thing is hosted on AWS and GoDaddy..security so gaping you can drive a lorry though
truffles: tl dr
asciilifeform: 1) insure storage for $bignum. 2) 'hack' account through chinese proxy. 3) profit!
asciilifeform: this is called 'moral hazard', and legit insurer folks know about it.
truffles: do they rly pay out
KRS1: haha
truffles: seems they always find some way out of it
asciilifeform: and won't insure random shit.
KRS1: can I use n.korean proxy for leet bonus points
asciilifeform: legit insurance is for things that are 1) quantifiable risks that 2) one isn't likely to silently arrange and then laugh all the way to the bank.
BingoBoingo: Oh, speaking of chenese proxies... If anyone is investigating the TradeFortress shit: the accounts o Bitcointalk named TradeFortress, MtDox, and Scotaloo might be the same person.
asciilifeform: i thought this was kindergarten basics.
BingoBoingo: Also... TF seems to definitely lived in Norther Australia In the first 2/3rds of 2013 or found a bunch of people running tor exit nodes in the same apartment complex
asciilifeform: BingoBoingo: pwned cable modems?
asciilifeform: (how to pwn an apartment complex full of cable modems simultaneously - exercise for alert reader!)
KRS1: sorry wanted to mak it clear "world's first insured [bitcoin] storage service was launched in the U.K."
BingoBoingo: asciilifeform: Seems like the sort of exploit that would be reserved for a higher return sort of gig
truffles: bitcoin bank?
asciilifeform: exploits, like money, are found in the hands of both the wise and the foolish.
BingoBoingo: KRS1: And overstock.com takes btc but I recommend no one use them until my watch arrives so we know they aren't too much scam
BingoBoingo: asciilifeform: Well from conversations earlier 10 BTC prizes aren't worth zerodays yet
KRS1: overstock scam? serious?
asciilifeform: BingoBoingo: if we're thinking of the same challenge, that was a lamer who wanted 1BTC to play
KRS1: overstock is huge bro
BingoBoingo: asciilifeform: Yeah the dude who wanted 1BTC to play for 10 when enough players funded the pot
asciilifeform: and, of course, nobody's invented a way to mitigate counterparty risk in 0day markets yet.
asciilifeform: one side or the other is wide open to being scammed clean.
asciilifeform: and this type of transaction isn't frequent enough for meaningful reputations to be established.
BingoBoingo: Some day though.
asciilifeform: some day what, i'm curious
BingoBoingo: asciilifeform: Some day people who pawn will be a big enough market to move their collected btc without sinking the boat. That day Linode will finally be bigger than Godaddy.com
assbot: [MPEX] [S.MPOE] 4600 @ 0.00084178 = 3.8722 BTC [-]
BingoBoingo: If the FBI every raids Linode and takes their private keys that will be you know the Jig is up and that kill switch is imminent asciilifeform
assbot: [HAVELOCK] [SFI] 820 @ 0.001 = 0.82 BTC [+]
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