Forum logs for 12 Nov 2013

Sunday, 24 November, Year 11 d.Tr. | Author: Mircea Popescu
* Now talking on #bitcoin-assets [02:45]
* 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 [02:45]
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assbot [MPEX] [S.MPOE] 12247 @ 0.00082151 = 10.061 BTC [-] [03:09]
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* Now talking on #bitcoin-assets [09:29]
* 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 [09:29]
* Topic for #bitcoin-assets set by kakobrekla!~kako@unaffiliated/kakobrekla at Sun Sep 29 03:06:59 2013 [09:29]
mircea_popescu ;;ticker [09:31]
gribble MtGox BTCUSD ticker | Best bid: 380.11002, Best ask: 380.22614, Bid-ask spread: 0.11612, Last trade: 380.11002, 24 hour volume: 18810.11241169, 24 hour low: 339.01, 24 hour high: 383.73, 24 hour vwap: 365.36448 [09:31]
mircea_popescu http://www.france24.com/en/20131111-feel-danger-stay-classy-buy-bulletproof-suit [09:38]
mircea_popescu nanotube ^ [09:38]
ozbot Feel in danger? Stay classy, buy a bulletproof suit - FRANCE 24 [09:38]
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dub the perfect xmas gift for that special cyrptoanarchoterrorist in your life [09:52]
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assbot [HAVELOCK] [B] [XBOND] 800 @ 0.00105 = 0.84 BTC [-] [10:26]
mircea_popescu ;;ident davout [10:32]
gribble Nick 'davout', with hostmask 'davout!~chef@unaffiliated/davout', is not identified. [10:32]
mircea_popescu ;;ident davout [10:35]
gribble Nick 'davout', with hostmask 'davout!~chef@unaffiliated/davout', is identified as user davout, with GPG key id 13288EAB01713428, key fingerprint 291237F37A2C023CADBED52513288EAB01713428, and bitcoin address None [10:35]
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assbot [HAVELOCK] [CBTC] 1809 @ 0.0001276 = 0.2308 BTC [+] [10:55]
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assbot [HAVELOCK] [CBTC] 2705 @ 0.0001375 = 0.3719 BTC [+] {2} [10:56]
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jurov http://thegenesisblock.com/bitcoin-exchange-itbit-announces-launch-5-5m-total-funding/ [11:04]
ozbot itBit Launches Bitcoin Exchange with $5.5M in Funding - The Genesis Block [11:04]
jurov that Rich Teo looks very fuckable [11:04]
jurov oh and bitcash.cz exchange was hacked and btcs stolen [11:05]
mircea_popescu o wow, they could almost buy 10`000 mpoe shares. [11:06]
mircea_popescu http://trilema.com/2013/why-you-cant-invest-with-cryptostocks/ [11:07]
ozbot Why you can’t invest with Cryptostocks pe Trilema - Un blog de Mircea Popescu. [11:07]
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mircea_popescu anyway, i'm aware of all the overloads you ppl have been causing, and i'm getting a beefier setup for trilema this weekend. [11:46]
assbot [MPEX] [S.MPOE] 9248 @ 0.00082667 = 7.645 BTC [-] {2} [11:48]
jurov Would recommend to add a form to buy credits quickly. [11:49]
assbot [HAVELOCK] [AM1] 20 @ 0.61029705 = 12.2059 BTC [-] {3} [11:52]
BingoBoingo A trilema credit form would make it easier when people get pissed I bumped them into the paywall... [11:53]
assbot [HAVELOCK] [AM1] 13 @ 0.60230769 = 7.83 BTC [-] {6} [11:53]
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mircea_popescu yeah. [12:02]
mircea_popescu it's being worked on this. [12:02]
pankkake clicking on the credits gets you a romanian page, not very helpful too [12:06]
mircea_popescu it does ? [12:07]
mircea_popescu meh. i updated the message but apparenlty not the page. [12:08]
mircea_popescu yeah this is unconscionable, needs a revamp. [12:08]
assbot [HAVELOCK] [B] [XBOND] 953 @ 0.00105 = 1.0007 BTC [-] [12:10]
davout also refreshing the page on the same article eats a credit [12:12]
mircea_popescu only if you have one [12:14]
davout what ? [12:14]
davout also randomly ended up on "The advantages of having a baby" [12:14]
davout "Quite often will you hear of partners that abandoned their business to go back to teaching (the rough equivalent of a circus dancer all things considered)" <-- LOL [12:15]
mircea_popescu this is to officially notify you that we have received a confirmation advice from the International [12:15]
mircea_popescu Monetary Funds External Auditors Committee, World Bank, United Nations Organization [12:15]
mircea_popescu and the Federal Reserve Bank of America respectively via International Payment Voucher Number: [12:15]
mircea_popescu IMF/FRBWDC/BOA-93WB82UN567-G requesting our bank to direct the HSBC BANK USA N.A, a subsidiary of the Federal Reserve Bank of America [12:15]
mircea_popescu I KNEW IT!!! [12:15]
mircea_popescu us banks are subsidiaries of the fed! [12:15]
mircea_popescu also boa and hsbc are the same thing [12:16]
mircea_popescu o how the rpietilla conspiraci unravels! [12:16]
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dub ;;nethash [12:19]
gribble 4599064.97278 [12:19]
mircea_popescu watch it not break 500 this year. [12:19]
jurov as in, watched pot never boils? [12:20]
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mircea_popescu something like that yeah. [12:22]
mircea_popescu .d [12:22]
ozbot 510929738.01615 | Next Diff in 950 blocks | Estimated Change: 11.8688% in 5d 19h 27m 15s [12:22]
davout the cryptostocks thing is priceless [12:23]
mircea_popescu yeah, i'm mostly writing these as they happen because in like two centuries they will be worth at least 1 btc each. [12:24]
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mircea_popescu "mom, i'm hungry" "hush, i'm coding. you ate yesterday" [12:49]
mircea_popescu #WomenInTech [12:50]
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assbot [HAVELOCK] [AM1] 2 @ 0.6 = 1.2 BTC [-] [13:38]
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mircea_popescu http://www.reddit.com/r/WeArePrivilege [13:52]
mircea_popescu this is so many layers of irony :D [13:52]
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pankkake and I just learned a new word: shitlord [13:56]
mircea_popescu nonsensical fringe basically consists of insulation (otherwise it wouldn't survive). [13:57]
mircea_popescu part of this insulation is inventing words all the time. thus shitlord and douchecanoe and fireperson and so on and so forth. [13:57]
* taub_ is now known as taub [13:58]
mircea_popescu the less intelligent people can follow their nonsense, and even better, the less intelligent people can be bothered to follow their nonsense, the better chance of still being around in a year feminists have. [13:58]
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assbot [MPEX] [S.MPOE] 4750 @ 0.0008215 = 3.9021 BTC [-] [14:09]
mircea_popescu http://www.urbandictionary.com/define.php?term=mra [14:11]
ozbot Urban Dictionary: mra [14:11]
mircea_popescu haha this kicks ass. [14:11]
mircea_popescu every single definition on the first page is beyond butthurt. [14:11]
mircea_popescu sort of shit is enough to make you want to be a mra. [14:11]
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mircea_popescu http://www.reddit.com/r/TumblrInAction/comments/1f2ul5/youre_not_allowed_to_have_an_opinion_also_female/ [14:17]
mircea_popescu and with that i'm done with my current review of gender-related-retardation, my sides hurt. [14:17]
pankkake oh, tumblr :/ where penetration is rape [14:18]
mircea_popescu o it is ? [14:19]
ThickAsThieves http://bitcoinmagazine.com/8132/obama-initiative-spawns-identity-based-bitcoin-greenlist/ [14:20]
ThickAsThieves misleading title [14:20]
ozbot Obama Initiative Spawns Identity Based Bitcoin Greenlist – Bitcoin Magazine [14:20]
ThickAsThieves remove the word bitcoin [14:20]
mircea_popescu and the word magazine [14:20]
ThickAsThieves hehe [14:20]
mircea_popescu im surprised that thingstill exists [14:20]
mircea_popescu did the romanian guy that stole it from buterin and co to "sell" it to bitpay&co not run with it yet ?! [14:21]
mircea_popescu seems incredible. [14:21]
ThickAsThieves it seems to be more of an outlet for the writers to try and look like they know whats up about stuff [14:21]
ThickAsThieves like a journal or sumth [14:21]
mircea_popescu that was kinda always the case iirc. [14:22]
mircea_popescu no but there was this acrimonious split earlier, when vladimir guy got ousted by the coffee gofer. [14:22]
ThickAsThieves who's the target audience? [14:22]
ThickAsThieves other bloggers? [14:22]
mircea_popescu the convention crowd, ideally. [14:22]
ThickAsThieves indeed [14:22]
mircea_popescu now if the convention crowd only read... [14:22]
mircea_popescu maybe this magazine should come as a collection of presentation sheets attachjed to a slinky. [14:23]
ThickAsThieves dont forget the plastic bitcoin [14:23]
mircea_popescu btw, how about that dragons tale ipo. [14:25]
ThickAsThieves so TradeFortress made The Verge [14:25]
ThickAsThieves how long before he's arrested? [14:25]
mircea_popescu bitcoin is so totally going to 500... all these lolz support it. [14:25]
mircea_popescu actually this suggests a bet. [14:25]
KRS1 lolz [14:25]
Vexual hew wont be arrested [14:25]
ThickAsThieves my dentist has heard of bitcoin, "it's all over the news" he says [14:26]
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assbot [HAVELOCK] [CBTC] 2385 @ 0.0001375 = 0.3279 BTC [+] [14:27]
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jurov mircea_popescu:btw you know the same thing as dragontales happened before with fidor bank? [14:29]
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mircea_popescu 1K4FswVNus5xJZJ6TYqAzWSy3tXBBFdGnM [14:29]
jurov lol seems the traffic from trilema took cstocks down :D [14:29]
ThickAsThieves and i'm still skeptical on that cointerra one [14:29]
jurov We're sorry, but something went wrong. [14:29]
mircea_popescu jurov yeah [14:29]
mircea_popescu i mean on fidor [14:30]
mircea_popescu lol @ exchange [14:30]
mircea_popescu and here we go : http://bitbet.us/bet/600/tradefortress-arrested/ [14:30]
Vexual hes chinese looking and lives in sydney [14:30]
ThickAsThieves the webwallet is called Inputs.io (just in case you wanna be specific) [14:30]
mircea_popescu what, and miss an opportunity of arguing over badly specified bets ? [14:31]
ThickAsThieves heh [14:32]
ThickAsThieves ;;nethash [14:32]
gribble 4628862.31448 [14:32]
ThickAsThieves ;;bcstats [14:32]
gribble Current Blocks: 269218 | Current Difficulty: 5.109297380161518E8 | Next Difficulty At Block: 270143 | Next Difficulty In: 925 blocks | Next Difficulty In About: 4 days, 19 hours, 37 minutes, and 30 seconds | Next Difficulty Estimate: 578686259.228 | Estimated Percent Change: 13.26142 [14:32]
ThickAsThieves back on track [14:32]
mircea_popescu rev rev rev the miner [14:32]
mircea_popescu gently up the graph [14:32]
jurov Vexual: you're gonna put up "WANTED: chinese looking, indetifies himself as TF. 10BTC reward" posters over sydney? [14:32]
mircea_popescu merrily merrily merrily merrily [14:33]
mircea_popescu hash is but a dream. [14:33]
mircea_popescu i wonder if anyone realises all the computation that went into the blockchain so far could have probably cured cancer. [14:33]
jurov not likely [14:34]
Vexual no, id get 100,100 delivered and wouldn't be able to pay and i wouldent want them anyway [14:34]
ThickAsThieves well maybe ASICMINER gets into that type of thing one day and we can indirectly claim dogooderhood [14:34]
Vexual all of them with their cousins id that doesnt say tradefortress [14:35]
mircea_popescu jurov it just depends on what exactly you're calculating :) the advantage of hashing is that the forumulation is simple. [14:35]
jurov imho most directly comparable thing is Folding@Home [14:35]
jurov it could have progressed 100x faster, not sure it can be done on ASICs [14:36]
mircea_popescu yeah, folding is also kind of simple to formulate. [14:36]
mircea_popescu not actually as simple as the blockchain, which is why probably not asic-able. [14:36]
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Vexual perhaps the blockchain will cure cancer [14:37]
ThickAsThieves they are sorting out a distributed exchange first [14:38]
mircea_popescu i wonder if dogooderhood comes with hoodies and a year's supply of dogfood. [14:38]
ThickAsThieves mas importante [14:38]
Vexual yes i don't know if sha256 exists in natural life in any form [14:39]
Vexual perhaps watching the chain grow will present some eureka moment where we find that life on earth is just a currency invesnted by some cosmic satioshi eons before [14:42]
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jurov Vexual maybe if you'll upload yourself into a blockchain and get used as a currency [14:47]
jurov until someone sends you to 1BitcoinEater [14:47]
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davout Vexual: lol [14:49]
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BingoBoingo Vanitygening 1BitcoinEater is probably the Bitcoin equivalent of folding at home [14:50]
Vexual pointless? [14:51]
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BingoBoingo Vexual: Inefficient. [14:52]
thestringpuller ;;seen smickles [14:52]
gribble smickles was last seen in #bitcoin-assets 1 week, 4 days, 18 hours, 41 minutes, and 53 seconds ago: $avg [14:52]
mircea_popescu incidentally, since it's a topic. i've not much followed it, but i know folding@home has been going for a few years [14:54]
mircea_popescu has any sort of useful science whatsoever come from it so far ? [14:54]
Vexual they should give shares on future patents, and watch the computing power go up [14:55]
Vexual good question [14:55]
Vexual and how does one know theyre not folding airbourne aids? [14:57]
assbot [HAVELOCK] [AM1] 2 @ 0.595 = 1.19 BTC [-] [14:58]
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assbot [HAVELOCK] [AM1] 10 @ 0.60999999 = 6.1 BTC [+] {4} [14:59]
assbot [HAVELOCK] [AM1] 4 @ 0.61 = 2.44 BTC [+] [15:00]
assbot [HAVELOCK] [XBOND] [PAID] 0.69358300 BTC to 1`387`166 shares, 50 satoshi per share [15:00]
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assbot [HAVELOCK] [AM100] 75 @ 0.00563965 = 0.423 BTC [-] {6} [15:02]
BingoBoingo mircea_popescu: Not that I'm aware of yet. From what I understand folding proteins is sort of the raw brute force work that happens many steps before useful science. Kind of like guessing nonces... Maybe mining is a decent comparison. [15:02]
mircea_popescu sooo, six weeks in, obama's thing has managed 50k signups [15:02]
mircea_popescu with such a great launch they should be ipoing that shit [15:03]
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ThickAsThieves sabotaged by insider tea partiers ofc [15:03]
Vexual privitise! [15:03]
mircea_popescu ThickAsThieves the kulaks, yeah. [15:03]
mircea_popescu BingoBoingo yeah, many steps before, but still... eventually we gotta see somerthing i guess [15:03]
benkay brute forcing reality fails on the grounds that reality moves way fucking fast and has for a long time [15:05]
benkay but the incentivized humans may have pulled a trick or two while the nerds were stroking [15:06]
benkay http://homes.cs.washington.edu/~zoran/NSMBfoldit-2011.pdf [15:06]
benkay http://www.pnas.org/content/108/47/18949.long [15:06]
ozbot Algorithm discovery by protein folding game players [15:06]
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BingoBoingo benkay: Your second link looks promising, aspies as ASICs [15:07]
assbot [MPEX] [S.MPOE] 2250 @ 0.0008215 = 1.8484 BTC [-] [15:08]
Vexual http://patents.justia.com/assignee/the-board-of-trustees-of-the-leland-stanford-junior-university [15:08]
ozbot Patents by Assignee The Board of Trustees of the [15:08]
benkay let's go track down an aspie [15:09]
BingoBoingo I hear there are quite a few in -otc and -dev [15:09]
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Vexual those molecular biology patents stack up when you have a free supercomputer [15:14]
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Vexual The Government has certain rights in this invention. Support was also provided under NSF award MRI-R2 “Acquisition of a Hybrid CPU/GPU and Visualization Cluster for Multidisciplinary Studies in Transport Physics with Uncertainty Quantification.” [15:17]
assbot [HAVELOCK] [AM1] 1 @ 0.585 BTC [-] [15:21]
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assbot [HAVELOCK] [AM100] 73 @ 0.0056001 = 0.4088 BTC [-] [15:23]
benkay http://patents.justia.com/patent/8569941 [15:25]
ozbot Diamondoid monolayers as electron emitters Patent [15:25]
benkay monochromatic electrons! neat! [15:25]
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Vexual i wonder if thats in the new laser canon? [15:26]
benkay http://patents.justia.com/patent/20130276877 [15:27]
ozbot Composition and Method For Upconversion of Light [15:27]
benkay one might munge that into a rectenna [15:28]
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assbot [HAVELOCK] [HIM] 3 @ 0.04799999 = 0.144 BTC [+] [15:36]
Vexual that diamondoid patent is funny, apparently the navy is interested in making flat panel tvs [15:38]
benkay wait Vexual are you sober!? [15:38]
Vexual id think those new 4k panels will put out a bit of heat [15:41]
Vexual HDMI1, HDMI2, SHOOTDRONE [15:43]
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Vexual i guess it would cure cancer if you stood in front of it [15:51]
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mircea_popescu http://trilema.com/2013/obama-getting-crushed-in-the-marketplace/ [15:59]
ozbot Obama, getting crushed in the marketplace pe Trilema - Un blog de Mircea Popescu. [15:59]
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nubbins` 3do! [16:02]
nubbins` now there's a name from the past [16:02]
mircea_popescu innit. [16:03]
nubbins` i think goldstar, which ended up being swallowed up into the G of LG, made a 3do system at one point [16:05]
mircea_popescu iirc it was panasonic [16:05]
mircea_popescu ex mistuSHITa [16:06]
nubbins` yeah, i believe panasonic licensed the technology [16:06]
nubbins` afaik goldstar was the only other company to actually take up the offer [16:06]
nubbins` yeah! http://www.thestrong.org/online-collections/images/Z005/Z00573/Z0057388.jpg [16:07]
assbot [HAVELOCK] [VTX] 1 @ 0.33286138 BTC [-] [16:10]
assbot [HAVELOCK] [HIM] 3 @ 0.04835 = 0.1451 BTC [+] [16:11]
mircea_popescu o hey, wd. [16:12]
Vexual http://www.youtube.com/watch?v=gyMRy_Xv0sY [16:13]
ozbot [Lasers] US Navy/DoE 'free electron laser' weapon system destroying a helicopter and missiles - YouT [16:13]
mircea_popescu Vexual what's the connction to folding@home ?! [16:14]
Vexual the patenet from stanford where pando labvs is, they would have modeled many electron configs on a system such as that [16:15]
mircea_popescu i thought folding mostly has to do with protein configurations [16:15]
Vexual the navy and the doe are on the patent, but it mainly mentions flat panel tvs as an application, no actual mention of fel [16:16]
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Vexual it does any shemistry you want [16:16]
benkay as opposed to hemistry [16:16]
benkay privilege physics [16:17]
mircea_popescu lol [16:17]
nubbins` check your physics! [16:17]
mircea_popescu unchecked physiques result in nightmare fuel. [16:18]
Vexual they might have used their own gpus [16:20]
pankkake https://www.schneier.com/blog/archives/2013/11/bizarre_online.html gambling is now terrorism! [16:22]
ozbot Schneier on Security: Bizarre Online Gambling Movie-Plot Threat [16:22]
Vexual or a blackboard [16:22]
mircea_popescu scheier totally doesn't work for the usg. [16:24]
mircea_popescu also for the record, the 9/11 "operation" cost something like 20k if memory serves. [16:25]
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mircea_popescu even accounting for the 300% obamainflation, that's still a small enough sum that it can be obtained by selling a couipla cars. [16:25]
benkay and totally distracted baby me from the argentinean crises [16:25]
benkay crisis* [16:25]
benkay http://www.huffingtonpost.com/2013/11/11/craig-cobb-white-supremacist-black_n_4256360.html?utm_hp_ref=tw [16:26]
ozbot Video Of White Supremacist Learning He Is 14 Percent Black May Be The Best Thing Ever [16:26]
mircea_popescu i'll give 2:! odds the guy doesn't care. [16:27]
benkay the cackling fat black woman is my favorite part of the video [16:28]
pankkake doing a terrorist attack is incredibly cheap and easy [16:30]
pankkake sometimes the stupidity around it makes me want to demonstrate [16:30]
pankkake but then I'll end up in prison even with no actual damage done [16:30]
Vexual The author states that a nanocrystalline material is essentially a new type of diamond film whose properties are largely determined by the bonding of the carbons within grain boundaries. [16:31]
benkay dat graphene [16:32]
benkay magic shit [16:32]
nubbins` lel, just got off the phone with a supplier [16:33]
nubbins` "hey, you were trying to set up a wholesale acct with us?" [16:33]
nubbins` no idea who they are or what they sell [16:33]
nubbins` somehow they have all our info [16:33]
nubbins` "ok well i guess someone wanted the account, go ahead and set us up" [16:34]
nubbins` totally not related to the work we do at all, but w/e [16:34]
nubbins` after hanging up and checking out their website, i realize they sell this obscure ink remover we've been trying to track down for weeks [16:35]
Vexual u migth have elves [16:35]
mircea_popescu or slavegirls. [16:36]
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assbot [HAVELOCK] [B] [XBOND] 250 @ 0.0010501 = 0.2625 BTC [+] [16:41]
davout pankkake: let's discuss a couple targets, i needed a new door anyway [16:41]
assbot [HAVELOCK] [CBTC] 865 @ 0.00012825 = 0.1109 BTC [-] [16:42]
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nubbins` https://bitcointalk.org/index.php?topic=214589.msg3545847#msg3545847 [16:54]
ozbot [WTB/WTS] Casascius Holo Error / Collectible Marketplace [16:54]
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nubbins` now that's a collection [16:54]
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assbot [HAVELOCK] [CBTC] 1500 @ 0.00012825 = 0.1924 BTC [-] [17:01]
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bitesak trilema.com seems down... [17:03]
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assbot [HAVELOCK] [B] [XBOND] 110 @ 0.0010501 = 0.1155 BTC [+] [17:05]
mircea_popescu it's been having trouble keeping up. [17:06]
mircea_popescu http://log.bitcoin-assets.com/?date=12-11-2013#377125 [17:07]
ozbot #bitcoin-assets log [17:07]
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assbot [HAVELOCK] [B] [XBOND] 101 @ 0.0010501 = 0.1061 BTC [+] [17:20]
assbot [HAVELOCK] [B] [XBOND] 194 @ 0.0010501 = 0.2037 BTC [+] {2} [17:21]
bitesak too popular articles ! what on earth is happening here [17:22]
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assbot [HAVELOCK] [AM1] 6 @ 0.58268338 = 3.4961 BTC [-] {4} [17:32]
assbot [HAVELOCK] [AM100] 24 @ 0.00559 = 0.1342 BTC [-] {3} [17:35]
mircea_popescu http://updatednews.ca/2013/11/07/u-s-authorities-arrests-man-for-selling-guns-online-for-bitcoins/ [17:35]
ozbot U.S. authorities arrests man for selling guns online for Bitcoins - Updated News [17:36]
mircea_popescu bitesak anyway, for now the solution is to try again in a few minutes siort of thing [17:36]
nubbins` that headline is misleading [17:36]
nubbins` they arrested him for selling guns online, full stop [17:36]
mircea_popescu myeah [17:39]
benkay next up: disposable plastic firearms [17:39]
benkay ;;ticker --market bitstamp [17:40]
gribble Bitstamp BTCUSD ticker | Best bid: 350.0, Best ask: 350.5, Bid-ask spread: 0.50000, Last trade: 350.5, 24 hour volume: 20610.25241994, 24 hour low: 323.78, 24 hour high: 357.0, 24 hour vwap: 345.151004566 [17:40]
assbot [HAVELOCK] [B] [XBOND] 2047 @ 0.0010501 = 2.1496 BTC [+] [17:41]
nubbins` http://imgur.com/UmX1evu [17:44]
ozbot imgur: the simple image sharer [17:44]
nubbins` ^ there's been a lot of this happening around the house lately [17:44]
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pankkake just got my friedcat shirt! [17:54]
assbot [HAVELOCK] [NEOBEE] 312 @ 0.00198998 = 0.6209 BTC [+] {2} [17:55]
assbot [HAVELOCK] [NEOBEE] 291 @ 0.00209898 = 0.6108 BTC [+] [17:56]
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mircea_popescu wd! [17:57]
assbot [HAVELOCK] [CBTC] 7393 @ 0.00012825 = 0.9482 BTC [-] [17:59]
assbot [HAVELOCK] [NEOBEE] 569 @ 0.00209898 = 1.1943 BTC [+] {2} [18:01]
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pankkake what kind of things could one use to measure inflation? there's the obvious gold, but I'm looking for other things, like pizzas, oil…? [18:03]
pankkake to be clearer, I'm looking for things with price feeds [18:03]
mircea_popescu the only way this was ever done was a composite basket sort of thing. [18:03]
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mircea_popescu say something like 10% oil 5% gold 15% pork bellies 20% grain 20% average housing costs 30% minimum wage [18:05]
pankkake yeah, I know those ones, but first of all the ratio is usually pullet out of someone's ass [18:05]
pankkake and I'm looking for something sexy like "how many pizzas is a bitcoin over time" [18:06]
pankkake gold is the easy one, perhaps oil too [18:06]
mircea_popescu thats what i'm saying, there's not been a better solution than pull a basket out of ass [18:06]
mircea_popescu and tjere's no such thing as "a pizza" [18:06]
pankkake oooh just remembered http://www.pintprice.com/ [18:07]
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nubbins` bic mac index [18:10]
nubbins` *big [18:10]
pankkake good one too [18:10]
pankkake it's simple enough [18:10]
pankkake though they probably update it only once a year [18:11]
nubbins` alcohol is generally subject to varying levels of taxation from country to country, so it doesn't make as good a barometer [18:11]
pankkake indeed, and that taxation vary from year to year (one of our government's genius idea was raising the beer tax - yes there is a tax specifically on beer) [18:12]
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nubbins` oil isn't useful as a measure of anything aside from OPEC's influence [18:13]
pankkake many political events can affect it [18:13]
pankkake and gold, well. though I can use price feeds from people who trade physical gold, it follows the rest [18:14]
nubbins` what this boils down to is that the aforementioned basket, for all its flaws, is still the best solution [18:15]
mircea_popescu inflation is not really a solved problem [18:16]
mircea_popescu which is why things like bitcoin are economically useful. [18:16]
mircea_popescu or w/e, "which is a way to explain the economical usefulness of things like bitcoin in classical terms" [18:16]
pankkake I'd like to have some sort of long term graph, in the sense that having bitcoin go up in value while the currencies it is tracked against lose value by themselves, is not that useful [18:17]
mircea_popescu fiat loss of value is a tiny fraction of bitcoin increase. [18:18]
pankkake no doubt :) [18:18]
mircea_popescu it went up 1000% since 9 months ago [18:18]
mircea_popescu in this sense fiat inflation is a rounding error, you'll never measure it. [18:18]
mircea_popescu as bitcoin settles closer to something like 1mn us whatevers, then fiat inflation will be more visible. [18:19]
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pankkake I have a feeling fiat inflation is going to explode sooner or later [18:20]
pankkake but herhaps it will be a slow painful process [18:20]
mircea_popescu only in selected countries. [18:20]
thestringpuller fiat inflation is irrelevant [18:21]
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thestringpuller to bitcoin, because if/when it goes out of control, there will be a different unit of account btc [18:22]
thestringpuller like gold bars or something [18:23]
jurov pizzaz [18:23]
jurov and since when was bitcoin under control? [18:23]
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thestringpuller i was talking about inflation with that pronoun it [18:24]
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thestringpuller if inflation goes out of control it won't be seen in bitcoin accurately because people will stop using fiat as a unit of account [18:24]
jurov oh ic [18:24]
pankkake then I could switch my system to track it directly in BTC [18:26]
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jurov i think it will end up more like in argentina, official rates faster and faster divorced from actual market ones [18:26]
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jurov only that in ar it didn't end yet [18:26]
mircea_popescu jurov i suspect the us will fail like argentina, yeah. [18:27]
mircea_popescu shortages, "bail-ins", etc. [18:27]
thestringpuller what is a "bail in"? [18:28]
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mircea_popescu theft, basically. [18:29]
pankkake I've read parts of http://ferfal.blogspot.com/ - scary [18:29]
thestringpuller like boiler room style? [18:29]
mircea_popescu like you know what a bailout is ? [18:30]
thestringpuller a bailout is when someone gives someone else a bunch of money to save their ass [18:30]
thestringpuller what is the inverse of that? [18:30]
assbot [MPEX] [S.MPOE] 10255 @ 0.00081695 = 8.3778 BTC [-] [18:30]
mircea_popescu a bailout is when a government spends from the tax chest to save a failed business. [18:31]
mircea_popescu a bailin is when a government confiscates third parties funds to save a failed business. [18:31]
mircea_popescu so. chryser is bankrupt. bailout : govt gives them 10bn in govt backed credit. bailin : govt orders anyone who ever bought a chrysler car to pay 1k to chruysler. [18:31]
thestringpuller ah [18:32]
thestringpuller thank you [18:32]
pankkake cyprus was a bail in [18:32]
mircea_popescu yeah. [18:32]
mircea_popescu argentina does the same about every 15 years. [18:33]
mircea_popescu amusingly enough, people STILL put money in their banks. [18:33]
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thestringpuller maybe they're banks don't ask many questions? [18:38]
thestringpuller their* [18:38]
mircea_popescu that's a point. [18:39]
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benkay also argentinians expect it at this point [18:45]
benkay keep their money in cars and land [18:46]
benkay hilariously - cars are a better store of value in argentina than pesos [18:46]
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pankkake I'm surprised by how fast cars supposedly drop value [18:48]
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pankkake in France we have some sort of accepted price fixing [18:50]
benkay it's just for new cars, the immediate depreciation. there's some psychological value to [18:52]
benkay a new car, apparently. [18:52]
Apocalyptic pankkake, you mean the ARGUS thing ? [18:53]
pankkake yes [18:53]
pankkake I've seen more problems with new cars than with older ones :p. at least you know the older one has eliminated the bigger defects [18:53]
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Apocalyptic I've seen it used by car companies for promotional buybacks, otherwise I don't know how thoroughly it's followed [18:55]
pankkake perhaps. I never owned a car [18:55]
pankkake no I don't pay much attention ;) [18:56]
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davout just don't buy the driving school cars [18:59]
pankkake ahah. I wonder what's their life expectancy [19:00]
assbot [HAVELOCK] [LABCO] 1605 @ 0.00022102 = 0.3547 BTC [-] {3} [19:03]
assbot [MPEX] [S.MPOE] 5245 @ 0.00081695 = 4.2849 BTC [-] [19:03]
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assbot [HAVELOCK] [LABCO] 640 @ 0.00022101 = 0.1414 BTC [-] {2} [19:05]
assbot [HAVELOCK] [B] [XBOND] 4017 @ 0.00105 = 4.2179 BTC [-] {4} [19:06]
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pankkake https://bitcointalk.org/index.php?topic=331952.0 this is going to be fun [19:11]
ozbot [ANN] Crypto-Trade now allowing users to create their own securities [19:11]
mircea_popescu "- The system is similar to BTCT and Litecoin Global, so security owners from there should feel at home!" [19:12]
pankkake if by home you mean begging on the streets [19:12]
mircea_popescu originally i thought it's cryptostocks [19:13]
mircea_popescu but apparently this is a different thing [19:13]
mircea_popescu (for some values of "different") [19:13]
assbot [HAVELOCK] [NEOBEE] 98 @ 0.00209899 = 0.2057 BTC [+] [19:18]
assbot [MPEX] [S.MPOE] 6255 @ 0.00081223 = 5.0805 BTC [-] [19:23]
assbot [HAVELOCK] [NEOBEE] 1631 @ 0.00209899 = 3.4235 BTC [+] [19:26]
assbot [HAVELOCK] [NEOBEE] 139 @ 0.00209998 = 0.2919 BTC [+] [19:27]
assbot [HAVELOCK] [NEOBEE] 100 @ 0.002397 = 0.2397 BTC [+] {2} [19:28]
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assbot [HAVELOCK] [CBTC] 1000 @ 0.00013748 = 0.1375 BTC [-] [19:46]
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jurov ;;rate wao-ender 2 "few transactions went well, also a longtime trustworthy manager of hackerspace" [19:50]
gribble Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings. [19:50]
jurov ;;rate wao 2 "few transactions went well, also a longtime trustworthy manager of hackerspace" [19:50]
gribble Rating entry successful. Your rating of 2 for user wao has been recorded. [19:50]
abrabtc it's interesting that the asks for smg passthrough on havelock are lower than the bids for s.mg on mpex. must say something about the value of holding assets on havelock vs. mpex. [19:52]
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wao-ender o/ [19:53]
jurov it says something about havelock withdrawal/transfer fees [19:53]
pankkake it used to be the opposite [19:53]
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kakobrekla low vol, lots of noise [19:58]
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abrabtc hardly seems worth TaT's time [19:59]
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assbot [HAVELOCK] [SMG] 1286 @ 0.00012367 = 0.159 BTC [+] {4} [20:01]
assbot [MPEX] [S.MG] 1286 @ 0.00013 = 0.1672 BTC [-] [20:02]
abrabtc hehe [20:06]
abrabtc there we go. nice arbitrage. [20:06]
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assbot [HAVELOCK] [B] [XBOND] 543 @ 0.00105 = 0.5702 BTC [-] {2} [20:19]
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assbot [HAVELOCK] [HIM] 4 @ 0.04835 = 0.1934 BTC [+] [20:34]
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ryanmckenzie Good afternoon, I am doing an article on bitcoin millionaires and the potential to become wealthy of bitcoin in the future. Would anyone like to talk to me? [20:36]
jurov ryanmckenzie: article for ? [20:39]
jurov which outlet, i mean [20:39]
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ryanmckenzie my university magazine [20:40]
ryanmckenzie Edinburgh University [20:40]
jurov ;;seen nefario [20:42]
gribble nefario was last seen in #bitcoin-assets 1 year, 6 weeks, 6 days, 22 hours, 42 minutes, and 47 seconds ago: Those assets are not listed or traded anymore [20:42]
jurov i'm afraid all such persons are long gone [20:43]
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pankkake https://bitcointalk.org/index.php?topic=321265.0 [20:45]
ozbot Bitcoin TOP-500 Richest [20:45]
mircea_popescu ryanmckenzie go ahead. [20:46]
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Uglux lol [20:47]
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mircea_popescu fun fact : edinburgh university has produced more scholarship than the entirety of the united states. [20:48]
Uglux they must be good at something... [20:49]
mircea_popescu kinda funny how naive as to how irc works the general population finds itself. [20:51]
mircea_popescu considering irc is certainly older than blogs. [20:51]
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