Matches for from:mircea_popescu, 253931 total results Sorted by newest | relevance
Mon Mar 14 18:27:00 UTC 2016 <mircea_popescu> phf there's no guarantee offered or even contemplated that bitcoin is not fungible.
Mon Mar 14 18:25:58 UTC 2016 <mircea_popescu> that was also unpredictable bla bla. and i'm sure the shareholders would very much like management to insulate them from it. if only.
Mon Mar 14 18:25:32 UTC 2016 <mircea_popescu> that unnamed business, for instance, sustained a 600k euro cost of doing business with fiat banking.
Mon Mar 14 18:24:56 UTC 2016 <mircea_popescu> now, one could say "the same is true of fiat banking", and BY AND LARGE THEY WOULD BE RIGHT. see for instance
Mon Mar 14 18:23:45 UTC 2016 <mircea_popescu> but currently, the actual bitcoin network fee doesn't even ammount to 1% of the actual cost of interacting with this sprawling pile of shit.
Mon Mar 14 18:23:27 UTC 2016 <mircea_popescu> there's of course also the cost of handling bitcoin payments, which is very VERY far from "free", irrespective what the "big blocks" derps think.
Mon Mar 14 18:23:03 UTC 2016 <mircea_popescu> solrodar mno. you may not realise this, but bitbet has to date clocked close to 2k hours of admin time. and this is pointedly not minimum wage sort of work.
Mon Mar 14 18:22:26 UTC 2016 <mircea_popescu> 50 bux or something, i don't recall exactly.
Mon Mar 14 18:22:20 UTC 2016 <mircea_popescu> but upon consideration, i did put the amt for the server into the costs, it really being a pittance
Mon Mar 14 18:21:56 UTC 2016 <mircea_popescu> so he rather cavallierly offered to continue eating the server while i continue eating the admin.
Mon Mar 14 18:21:42 UTC 2016 <mircea_popescu> the latter part come at an end at some point last year, when he asked to have it included in the cost structure. i pointed out to him then that if i correspondingly add my expenses in, we might as well close it.
Mon Mar 14 18:20:52 UTC 2016 <mircea_popescu> phf well no, kakobrekla wrote and maintained the code and for a while covered the server costs. the former part is no trivial matter, i will point out.
Mon Mar 14 18:20:10 UTC 2016 <mircea_popescu> the "reserves" thing was mostly a joke. at the time it so happened as part of the mysterious functioning of the mp payment network that inputs originally sent to bitbet were not spent.
Mon Mar 14 18:17:59 UTC 2016 <mircea_popescu> dunno, and the people involved had not the foresight to leave us detailed records of how that logic went.
Mon Mar 14 18:17:38 UTC 2016 <mircea_popescu> asciilifeform> nubbins`: or was the idea << or possibly the system that worked well for s.dice was simply carried forward, with not enough thought given to the matter. "hey, it's also gambling".
Mon Mar 14 17:27:20 UTC 2016 <mircea_popescu> *resolved / transparent etc.
Mon Mar 14 17:26:47 UTC 2016 <mircea_popescu> and in other fema camp news, http://40.media.tumblr.com/tumblr_m1cg3b5ECz1qlne6uo1_1280.jpg
Mon Mar 14 17:26:40 UTC 2016 <mircea_popescu> it's just this unpleasant "bitbet bets once resolve enact history". i dislike the notion of cementing google's transpared ploy into my blockchain. i'm sure it's all me.
Mon Mar 14 17:26:09 UTC 2016 <mircea_popescu> myeah.