Forum logs for 02 Jan 2014
*
Now talking on #bitcoin-assets
[01:13]
*
Topic for #bitcoin-assets is: http://bitcoin-assets.com || http://log.bitcoin-assets.com - most days worth reading || http://bash.bitcoin-assets.com - all days worth reading
[01:13]
*
Topic for #bitcoin-assets set by kakobrekla!~kako@unaffiliated/kakobrekla at Wed Nov 27 22:34:55 2013
[01:13]
pankkake
but you wouldn't invest all your fortune in bitcoin - this seems like a nice fiat investment
[01:13]
pankkake
not a get rich quick one, so again, I wonder where you're going to get btc people to invest :p
[01:13]
Duffer1
my fiat is in bitcoin
[01:14]
Duffer1
well was :P
[01:14]
the20year
Ukto and graet got $250k-$350k worth of bitcoins on their 12% loans
[01:15]
the20year
and anyone that paid attention realized they were cashing out to USD, and could never repay the BTC value
[01:15]
pankkake
no arguing about that. that was stupid
[01:15]
mircea_popescu
the20year you're not ukto and certainly not graet.
[01:15]
the20year
So, my question is whether or not I can attract people wanting a reasonable APY on a pretty secure, transparent invesment
[01:15]
mircea_popescu
in people can get financed for any stupidity they wish to do. out people can not, no matter anything.
[01:16]
mircea_popescu
the practical solutions are either to be upset or to strive to in yourself.
[01:16]
pankkake
"reasonable APY on a pretty secure, transparent invesment" => well, many people want that. but they are not bitcoiners :p
[01:16]
mircea_popescu
either can take a lifetime easily, either may just as well not deliver in the end.
[01:16]
the20year
Yeah, that's my concern pankkake
[01:18]
pankkake
so, why would people use bitcoins, and not fiat directly?
[01:18]
the20year
Bitcoin marketplace is so hot and easy to access, fiat is much more difficult for me
[01:19]
the20year
My cost to IPO via bitfunder and get ~$100k of investment was $500
[01:19]
the20year!*@*
added to ignore list.
[01:19]
mircea_popescu
mkay, good enough.
[01:20]
pankkake
i agree
[01:20]
pankkake
though you now have the "unregistered security" added risk
[01:20]
assbot
[MPEX] [S.MPOE] 7300 @ 0.00092376 = 6.7434 BTC [+]
[01:21]
pankkake
I guess it also allows someone with mainly non-USD fiat to easily invest, too
[01:22]
mircea_popescu
Subject: #Notice of appearance in court Order 8389
[01:23]
mircea_popescu
From: "Notice to Appear"
[01:23]
mircea_popescu
spammers are getting daring these days
[01:23]
mircea_popescu
"Hereby you are informed that you are due in the court of Houston on the 14 of January, 2014 at 10:00 am for the hearing of your case."
[01:23]
Duffer1
sounds like an accurate "come visit Houston" commercial
[01:25]
Duffer1
that's advertising, not spam
[01:27]
mircea_popescu
right, except it attaches the same dumbass windows-only zip file that's been hitting all the honeypots this past coupla months
[01:28]
mircea_popescu
some kid with a coupla grand decided he's gonna get himself rich online
[01:28]
mircea_popescu
with nothing but faith and this here old pair of underwear.
[01:29]
Duffer1
that's travel itinerary
[01:29]
truffles
everyone with charm should have a crack at fiat :d
[01:29]
Duffer1
it totally won't steal your wallet or anything
[01:29]
mircea_popescu
i'm with truffles (0.0) in that yeah
[01:29]
truffles
everyone isnt charming though, its a skill imo
[01:30]
*
mikaeldice (~mikaeldic@pool-108-54-85-197.nycmny.fios.verizon.net) has joined #bitcoin-assets
[01:35]
*
Lee- (~Lee@pool-71-114-164-230.altnpa.east.verizon.net) has joined #bitcoin-assets
[01:38]
*
Lee- has quit (Changing host)
[01:38]
*
Lee- (~Lee@unaffiliated/lee-) has joined #bitcoin-assets
[01:38]
*
deanclkclk has quit (Ping timeout: 246 seconds)
[01:39]
*
KingCoin_ (~anna@192-0-193-67.cpe.teksavvy.com) has joined #bitcoin-assets
[01:42]
assbot
[HAVELOCK] [CBTC] 20000 @ 0.000094 = 1.88 BTC [+]
[01:46]
assbot
[HAVELOCK] [AM100] 225 @ 0.00306 = 0.6885 BTC [-]
[01:49]
*
rbonestell has quit (Remote host closed the connection)
[01:51]
*
daybyter has quit (Quit: Konversation terminated!)
[01:54]
*
jborkl (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets
[01:54]
*
jborkl has quit (Client Quit)
[01:55]
*
DiabloD3 has quit (Quit: This computer has gone to sleep)
[01:58]
*
random_cat has quit (Remote host closed the connection)
[02:02]
*
random_cat (~random_ca@gateway/tor-sasl/randomcat/x-49498005) has joined #bitcoin-assets
[02:04]
assbot
[HAVELOCK] [KCIM] 250 @ 0.003 = 0.75 BTC [-] {3}
[02:06]
*
VanCleef_ is now known as VanCleef
[02:08]
assbot
[HAVELOCK] [PETA] 20 @ 0.0491 = 0.982 BTC [-]
[02:08]
assbot
[HAVELOCK] [PETA] 5 @ 0.0491 = 0.2455 BTC [-]
[02:15]
*
tyrion70 has quit (Read error: Connection reset by peer)
[02:23]
*
tyrion70 (~Adium@unaffiliated/tyrion70) has joined #bitcoin-assets
[02:24]
assbot
[MPEX] [S.MPOE] 12966 @ 0.00092332 = 11.9718 BTC [-]
[02:24]
FabianB
lol https://github.com/bitcoin/bitcoin.org/pull/290
[02:27]
*
mircea_popescu is almost afraid to look
[02:29]
mircea_popescu
herp
[02:30]
mircea_popescu
lol
[02:30]
*
saulimus (~someone@37-219-33-138.nat.bb.dnainternet.fi) has joined #bitcoin-assets
[02:32]
FabianB
hehe
[02:32]
assbot
[MPEX] [S.MPOE] 6961 @ 0.00092376 = 6.4303 BTC [+]
[02:43]
mircea_popescu
if indeed gavin's key accidentally expires with no back-ups...
[02:46]
mircea_popescu
seems pretty much where bitcoin is destined to go, really.
[02:46]
mircea_popescu
but for the benefit of all the noobies/forumers/etc that may get to read this : notice dear chitlins how it was the WoT that broke that request ?
[02:47]
mircea_popescu
meditate on this point.
[02:47]
*
Diablo-D3 (~diablo@71.241.213.167) has joined #bitcoin-assets
[02:47]
mircea_popescu
BingoBoingo i like your new colors.
[02:48]
assbot
[HAVELOCK] [PETA] 21 @ 0.04901434 = 1.0293 BTC [-] {4}
[02:48]
*
Evolyn__ (~Evolyn@p4FDCFF4F.dip0.t-ipconnect.de) has joined #bitcoin-assets
[02:49]
assbot
[MPEX] [S.MPOE] 11000 @ 0.00092219 = 10.1441 BTC [-] {2}
[02:52]
*
Evolyn_ has quit (Ping timeout: 272 seconds)
[02:52]
*
KingCoin_ is now known as KingCoin
[02:54]
*
KingCoin has quit (Changing host)
[02:54]
*
KingCoin (~anna@unaffiliated/kingcoin) has joined #bitcoin-assets
[02:54]
assbot
[MPEX] [S.MPOE] 13824 @ 0.00091678 = 12.6736 BTC [-] {2}
[02:57]
assbot
[MPEX] [S.MPOE] 10000 @ 0.00090968 = 9.0968 BTC [-]
[02:58]
*
sois (4312d047@gateway/web/cgi-irc/kiwiirc.com/ip.67.18.208.71) has joined #bitcoin-assets
[02:59]
assbot
[HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC
[03:02]
ArsKisS
hmm
[03:04]
ArsKisS
that ipo might even sell
[03:04]
VanCleef
nah
[03:05]
ArsKisS
153k left
[03:05]
ArsKisS
anyway, I keep my money waiting for the drop :P
[03:05]
VanCleef
ya
[03:06]
ArsKisS
funny how so many ipos are so overvaluated
[03:07]
ArsKisS
Cannabit for teh lulz :D
[03:07]
VanCleef
well, when pulling off a bitcoin scam you gotta tkae as many coins as you can
[03:08]
ArsKisS
well.. scam is a bit rough word
[03:09]
mircea_popescu
in general ipos tend to be overvalued because people suffer from a "money on the table" issue.
[03:11]
mircea_popescu
such as, if my "company" may live 10 years and be worth 10 btc, then i'll be damned if i sell for less than 10 btc today
[03:11]
mircea_popescu
notwithstanding that no company to date lived 10 years.
[03:11]
mircea_popescu
and notwithstanding that the only ipo to date to make the owner actually rich (ie, mpoe) actually listed at two degrees of magnitude less than what it sells for.
[03:12]
mircea_popescu
this compounded of course by the fact that there's very few people with any sort of experience or ability in the field of bitcoin finance, and plenty of muppet venues available.
[03:13]
VanCleef
no bitcoin company is going ot last 10 years lol
[03:15]
mircea_popescu
wanna bet ?
[03:15]
VanCleef
yeah but lets not use bitbet its totally shit
[03:15]
mircea_popescu
aite, so what are we using ?
[03:16]
pankkake
define "last"
[03:16]
VanCleef
i'm not locking away btc for 10years on a bet
[03:17]
mircea_popescu
why not ? from experience, the people who did best in btc are those who locked it away.
[03:18]
VanCleef
you'll probably be in jail or dead by then
[03:18]
VanCleef
how will i get paid?
[03:18]
*
[\]_b is now known as [\]
[03:18]
ArsKisS
VanCleef, you actually wanna bet that none of bitcoin companies will live for 10 years?
[03:19]
pankkake
what if mpex is still online, but no one uses it? does that count?
[03:19]
VanCleef
no it doesn't count
[03:20]
VanCleef
noone is using it now
[03:20]
assbot
[MPEX] [S.MPOE] 3532 @ 0.0009147 = 3.2307 BTC [+]
[03:20]
pankkake
well
[03:21]
mircea_popescu
derp lol
[03:21]
mircea_popescu
i take your meaning tho, you will be in jail or dead within the decade, therefore the world doesn't exist and doesn't matter.
[03:21]
mircea_popescu
thanks for making it easy and everything.
[03:21]
VanCleef
lol
[03:22]
pankkake
do you have an exit plan to somalia?
[03:22]
mircea_popescu
getting back to the original point, if no company is making it for 10 years then no company has any business listing.
[03:24]
mircea_popescu
just like if nobody is actually cooking anything as complex as a pizza there's no need for italian pizza ovens
[03:24]
VanCleef
all the ones that are listed now wont be around in 10 years
[03:24]
*
ArsKisS has quit ()
[03:25]
VanCleef
mostly talking about havelock here
[03:25]
mircea_popescu
VanCleef inasmuch as you limit the statement to "those venues all the forum idiots use", then you're prtobably right.
[03:25]
VanCleef
those too
[03:25]
mircea_popescu
tho statistically there's probably going to be one or two unlikely exceptions
[03:25]
mircea_popescu
that'll look totally obvious in retrospect
[03:25]
VanCleef
10 years is a very long time in bitcoin world
[03:25]
VanCleef
that's like 100 years
[03:26]
mircea_popescu
only because "bitcoin world" as understood by muppets strictly consists of muppets, who have no intellectual ability to speak of, which limits their cognitive bubble rather severely.
[03:26]
mircea_popescu
but that aside, i know plenty of people with a decade or multi-decade outlook
[03:26]
mircea_popescu
course they're not "in" bitcoin according to... whatever, reddit.
[03:27]
VanCleef
do you mind naming one?
[03:27]
VanCleef
if its okey to share
[03:27]
*
ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets
[03:28]
mircea_popescu
sure. take casares. or take vorhees.
[03:28]
mircea_popescu
plenty more people you should know about as they're public, caldwell, the russian pirate bet guy,
[03:29]
mircea_popescu
i won't name teh private, obviously, but i don't need to for this point either.
[03:29]
VanCleef
hmmm casares and vorhees hey, i'll have a look
[03:29]
*
ozbot has quit (Remote host closed the connection)
[03:32]
*
ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets
[03:32]
assbot
[MPEX] [S.MPOE] 8900 @ 0.00090968 = 8.0962 BTC [-]
[03:34]
mircea_popescu
.d
[03:40]
ozbot
1418481395.26264 | Next Diff in 2012 blocks | Estimated Change: 20.0600% in 11d 3h 52m 13s
[03:40]
pankkake
someone got miners for christmas
[03:40]
mircea_popescu
seems so
[03:41]
assbot
[HAVELOCK] [SFI] 500 @ 0.001 = 0.5 BTC
[03:41]
mircea_popescu
;;calc 1418481395/118092319
[03:42]
gribble
12.0116312984
[03:42]
mircea_popescu
wat
[03:42]
mircea_popescu
;;calc 1418481395/1180923195
[03:42]
gribble
1.20116312475
[03:42]
mircea_popescu
;;calc 1418481395 * 1.20116312475**2
[03:43]
gribble
2046574817.77
[03:43]
mircea_popescu
ha!
[03:43]
mircea_popescu
http://bitbet.us/bet/619/bitcoin-difficulty-at-or-above-2b-before-feb/
[03:43]
ozbot
BitBet - Bitcoin difficulty at or above 2B before Feb 2014
[03:43]
mircea_popescu
3.5:1 by now
[03:43]
assbot
[MPEX] [S.MPOE] 16700 @ 0.00091015 = 15.1995 BTC [+]
[03:46]
assbot
[HAVELOCK] [AM100] 779 @ 0.0030002 = 2.3372 BTC [-] {8}
[03:46]
mircea_popescu
needs no more than 18.7% twice
[03:46]
mircea_popescu
or a 20 and a 17.49
[03:47]
assbot
[HAVELOCK] [AM1] 1 @ 0.3099998 BTC [+]
[03:47]
*
the20year1 (~the20yr@cpe-65-185-54-18.columbus.res.rr.com) has joined #bitcoin-assets
[03:51]
*
transito has quit ()
[04:01]
*
transito (~TransistO@modemcable008.86-178-173.mc.videotron.ca) has joined #bitcoin-assets
[04:06]
assbot
[MPEX] [S.MPOE] 7771 @ 0.0009147 = 7.1081 BTC [+]
[04:14]
mircea_popescu
ha! "people claim diamonds are forever, yet they're an absolute scam. the same people claim bitcoin is a scam, but really... bitcoin is forever."
[04:18]
kakobreklaa
ah people, last one you want to ask when you want to know about something, is people
[04:19]
kakobreklaa
here they say, you are "as hardworking as an ant"
[04:19]
kakobreklaa
yet they do not know 50% of ant workers pretend to be working their whole life
[04:20]
the20year1
and bitcoins that are lost?
[04:20]
the20year1
in unrecoverable wallets?
[04:21]
kakobreklaa
you cant proove its unrecoverable
[04:21]
pankkake
so ants are like humans?
[04:22]
mircea_popescu
it really makes very little difference whether anyone can or can't use the bitcoins.
[04:22]
mircea_popescu
they're there alright.
[04:22]
kakobreklaa
no i dont think ants are as humans, just humans are dumb
[04:22]
pankkake
in the sense that they pretend to be working
[04:22]
kakobreklaa
the ratio on htat with humans is prolly higher
[04:22]
mircea_popescu
it's not really dumb, for the ants. they didn't ask to be hatched there.
[04:22]
mircea_popescu
the problem with humans is that they ASK to join whatever shit they then don't help with
[04:23]
mircea_popescu
everyone applied & interviewed for the job they aren't doing.
[04:23]
assbot
[MPEX] [S.MPOE] 6214 @ 0.00091617 = 5.6931 BTC [+] {2}
[04:24]
the20year1
Technically they're recoverable through brute force, however the resources to do that are immense
[04:24]
truffles
santa where are my presents!
[04:25]
the20year1!*@*
added to ignore list.
[04:25]
kakobreklaa
the20year but that goes true for lost and non lost coins
[04:27]
truffles
kako :(
[04:27]
kakobreklaa
what i didnt take your presents.
[04:27]
truffles
ure supposed to hand them out though
[04:28]
kakobreklaa
well, wheres the bag, wheres the list?
[04:28]
kakobreklaa
ahhh here is the list, tiber takes the top of naughy boys
[04:28]
truffles
is he the only person u banned?
[04:29]
kakobreklaa
dunno
[04:29]
kakobreklaa
prolly not
[04:29]
truffles
whyd u do it!
[04:29]
kakobreklaa
bribes
[04:29]
truffles
it could be ur good act for 2014, bring back tiber!
[04:30]
truffles
(forgot the spelling)
[04:30]
kakobreklaa
ok, guys, lets vote, type 1 for tib unban, or type 2 for truffles ban
[04:31]
truffles
nooo
[04:31]
truffles
evil
[04:31]
kakobreklaa
you gotta balance it somehow ya know
[04:31]
truffles
1
[04:31]
truffles
clearly the only active around :D
[04:32]
*
kakobreklaa is now known as kakobrekla
[04:32]
*
kakobrekla has quit (Changing host)
[04:32]
*
kakobrekla (~kako@unaffiliated/kakobrekla) has joined #bitcoin-assets
[04:32]
assbot
2
[04:32]
truffles
omg
[04:32]
truffles
shortcuts
[04:32]
assbot
[HAVELOCK] [NEOBEE] 500 @ 0.00298988 = 1.4949 BTC [+] {5}
[04:35]
*
jborkl (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets
[04:36]
benkay
both!
[04:37]
truffles
there goes that hater
[04:37]
*
jborkl has quit (Client Quit)
[04:37]
benkay
i maintain my own ignore file tho so it's not as if a t-ban's going to improve my life noticeably.
[04:38]
benkay
tiberius was amazing!
[04:38]
assbot
AMAZING COMPANY!
[04:38]
benkay
amazing troll.
[04:38]
assbot
AMAZING COMPANY!
[04:38]
benkay
shut up, assbot.
[04:38]
Gotchawallet
kakobreklaa thats a hard decision
[04:38]
truffles
to ignore is to show preference though
[04:38]
truffles
i have none ..
[04:39]
truffles
lets be a happy #assets
[04:39]
Gotchawallet
almost inclined to press 2 so i will not press either because pressing 1 would mean hell
[04:39]
Gotchawallet
is there a 0?
[04:39]
*
Gotchawallet is now known as KRS|Gotyawallet
[04:39]
truffles
:(
[04:40]
assbot
[HAVELOCK] [SFI] 1000 @ 0.001 = 1 BTC
[04:40]
KRS|Gotyawallet
dont worry truffles it'll be okay..
[04:44]
truffles
i know i managed to survive these many years without #assets, dunno how i did
[04:45]
KRS|Gotyawallet
because you aren't a muppet i guess..they're easily spotted here.
[04:47]
KRS|Gotyawallet
at times I may have shown I've been uninformed (ignorant) but my intelligence pulls me through =D
[04:47]
truffles
ha
[04:48]
truffles
there is lotta that everywhere
[04:48]
KRS|Gotyawallet
its like information overload..i'm having trouble digesting so much news and information sometimes. hard to keep up with and exhausting. i'm afraid i might miss something so i work real hard at it. the world moves pretty fast.
[04:49]
truffles
it does
[04:49]
KRS|Gotyawallet
i started smoking these e-cigs (vaporizors) this one is english toffee. i like it so far
[04:49]
truffles
trolls prob would help u with filtering, putting them on ignore discourages this skill
[04:50]
KRS|Gotyawallet
yea they do help, anything that floats to the top of their froth seems to be worth looking at for a final decision as to whether its worth my time or not
[04:51]
truffles
sometimes some really smart ppl r so closed-minded or narrow minded and it kinda surprises me too much
[04:53]
mircea_popescu
its like information overload.
Sunday, 24 November, Year 11 d.Tr.