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2014-04-24 fluffypony someone eventually connects that the new company is owned by the other guy's brother-in-law...cue shitstorm of epic proportions, but they got away with it because laws. #trilema
2014-04-24 fluffypony fast forward 2 years and they "go bankrupt" and this new crowd that registered a business like a month ago "buys" all their existing contracts and databases and everything for $100 or something stupid #trilema
2014-04-24 fluffypony they exploded, dominated the scene as everyone referred their friends and all the home owners wanted tenants through them #trilema
2014-04-24 fluffypony there was a rental agency that had this awesome comm structure - find a tenant and you get half of their management fee for the lifetime of the tenant (they charge ~10% of the rent as a management fee) #trilema
2014-04-24 fluffypony otherwise after a year or two the company can "fold" and reopen to service all the old clients, cutting you out the loop #trilema
2014-04-24 fluffypony yeah #trilema
2014-04-24 fluffypony CheckDavid: there is actually some precedent - I have a very good friend who moved here from Sweden to sell industrial cleaning equipment/supplies. he knows the cost of the product, and dependent on the size of the sale he can offer a discount to the client. his comm is based on the "profit" in that it's (sales - cost of sales), so he won't offer a discount on small sales but might determine it worthwhile reducing his comm on a larger sale #trilema
2014-04-24 fluffypony I mean, I can understand if there's a fixed CoS and they're calling (CoS - Sales) "profit" #trilema
2014-04-24 fluffypony CheckDavid: based on gross profit or net profit? #trilema
2014-04-24 fluffypony goes back to the NSA convo from yesterday #trilema
2014-04-24 fluffypony there ya go :) #trilema
2014-04-24 fluffypony CheckDavid: go do some trades in -otc then? always good to have some historical ratings on the WoT #trilema
2014-04-24 fluffypony CheckDavid: http://cascadianhacker.com/blog/2014/04/11_bitcoin-assets-new-wot-and-voice-model.html #trilema
2014-04-24 fluffypony http://www.telegraph.co.uk/news/uknews/1416262/Court-refuses-trial-by-combat.html #trilema
2014-04-24 fluffypony need a third espresso #trilema
2014-04-24 fluffypony also feeling a little bushed #trilema
2014-04-24 fluffypony mircea_popescu: morning #trilema
2014-04-24 fluffypony moiety: top o' the mornin' #trilema
2014-04-24 fluffypony FedEx is fast - 5-10 actual days tops #trilema
2014-04-24 fluffypony processing fee of R142.83, disbursement fee of R26.51, release fee of R2, all plus VAT #trilema
2014-04-24 fluffypony then #trilema
2014-04-24 fluffypony but it looks like they'll charge VAT #trilema
2014-04-24 fluffypony not sure what tariff heading they'll list it under #trilema
2014-04-24 fluffypony yeah, and a camera isn't electronics components, different tarriff heading #trilema
2014-04-24 fluffypony so you'll also have to pay their admin/documentation charges #trilema
2014-04-24 fluffypony CoinsForTech ship with FedEx (SupaSwift is the local agent) #trilema
2014-04-24 fluffypony but #trilema
2014-04-24 fluffypony yep #trilema
2014-04-24 fluffypony because PC components are classified by customs as "spare parts" #trilema
2014-04-24 fluffypony HeySteve: it depends on what electronics...typically for PC components it's just 14% VAT and a release fee (R15 - R30) #trilema
2014-04-24 fluffypony Naphex will enjoy that #trilema
2014-04-24 fluffypony nice #trilema
2014-04-24 fluffypony http://an7isec.blogspot.co.il/2014/04/pown-noobs-acunetix-0day.html #trilema
2014-04-24 fluffypony http://www.cnn.com/2014/04/23/justice/postal-worker-jailed-missing-mail/index.html #trilema
2014-04-23 fluffypony bed time, bye #trilema
2014-04-23 fluffypony hah hah #trilema
2014-04-23 fluffypony thank you kindly #trilema
2014-04-23 fluffypony asciilifeform: https://scontent-b-mxp.xx.fbcdn.net/hphotos-ash3/t1.0-9/10169256_799974603356886_8876868538876731843_n.jpg #trilema
2014-04-23 fluffypony *credits out #trilema
2014-04-23 fluffypony mircea_popescu: plz sort creditsout noa #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony can we file that with the "world class mathematicians" involved in every cryptocurrency-related project? #trilema
2014-04-23 fluffypony “My cofounder turned down a job at Google to focus on our company.” Translation: He applied for an internship a while back and it fell through. #trilema
2014-04-23 fluffypony http://pando.com/2014/04/23/startups-anonymous-things-founders-say-to-investors-that-are-complete-bs/ #trilema
2014-04-23 fluffypony BingoBoingo: likewise...I just find myself way too unproductive for the first ~4 hours after waking up if I'm hanging like a little bitch #trilema
2014-04-23 fluffypony good to hear :) #trilema
2014-04-23 fluffypony BingoBoingo: don't forget to hydrate #trilema
2014-04-23 fluffypony mike_c: the comments are a cesspool of stupidity..."Wow! Finally coin with the future!" #trilema
2014-04-23 fluffypony my favourite line in it: "This ensures lowest value of the coin, the exchange price will be different, most likely higher" #trilema
2014-04-23 fluffypony https://bitcointalk.org/index.php?topic=581679.0 <- new scamcoin called GuarantCoin, "100% backed by physical gold, every single coin has certain value in gold and can be exchanged for gold anytime" #trilema
2014-04-23 fluffypony http://abstrusegoose.com/strips/we_are_the_internet_resistance_is_futile.png #trilema
2014-04-23 fluffypony or a gf #trilema
2014-04-23 fluffypony thank goodness, I'd like to sleep tonight #trilema
2014-04-23 fluffypony oh lol #trilema
2014-04-23 fluffypony mircea_popescu: due today what time? #trilema
2014-04-23 fluffypony somalia is best somalia #trilema
2014-04-23 fluffypony hah hah #trilema
2014-04-23 * fluffypony plans pranks #trilema
2014-04-23 fluffypony lawl, wife has fallen asleep watching Numbers #trilema
2014-04-23 fluffypony kakobrekla: is that mirc? #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony bounce: you never had a 3DFX Voodoo? #trilema
2014-04-23 fluffypony erk #trilema
2014-04-23 fluffypony ;;rate los_pantalones 1 hooked a brother up with some cleverness #trilema
2014-04-23 fluffypony I remember trying to watercool a peltier cooler on my Pentium #trilema
2014-04-23 fluffypony that's awesome #trilema
2014-04-23 fluffypony but sure, in 5-10 years when GPUs are all mini-PCI-e size, it's different #trilema
2014-04-23 fluffypony kakobrekla: well, it's also a cheaper proposition - our market isn't only people-with-$$$, the BOINC/Folding@Home crowd need better cooling than 20cm fans in an ATX case but they can't afford / don't want to spend money on water cooling or mineral oil immersion #trilema
2014-04-23 fluffypony Mats_cd03: Neo & Bee #trilema
2014-04-23 fluffypony as long as that wave is 5+ years and not 6 months #trilema
2014-04-23 fluffypony kakobrekla: that's fine, I'm not aiming to create a massive company that will be around forever, quite happy riding a wave, making money, and letting it wind down as we transition to the next thing #trilema
2014-04-23 fluffypony makes more sense than Google translate: "Balauru means sin, priests prayers recommend to protect animals from Greyhound" #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony Naphex: translate plx, Google translate results are confusing #trilema
2014-04-23 fluffypony Mats_cd03: they say you never forget your first time #trilema
2014-04-23 fluffypony ;;ud dildotics #trilema
2014-04-23 fluffypony asciilifeform: ouch #trilema
2014-04-23 fluffypony some prefer to bend, some prefer to send, I don't judge #trilema
2014-04-23 fluffypony hah hah #trilema
2014-04-23 fluffypony mod6: I read that as "I shoot peasants" and I was like "ooooh, he must live in Australia" #trilema
2014-04-23 fluffypony #bitcoin-assets...making swinging...interesting since April, 2012 #trilema
2014-04-23 fluffypony hah hah #trilema
2014-04-23 fluffypony mircea_popescu: I have, then I married a vegetarian, now I have to do it on the sly #trilema
2014-04-23 fluffypony ThickAsThieves: we're literally 20kms from Jukani - http://www.jukani.co.za #trilema
2014-04-23 fluffypony BigBitz: so many awesome safari places near us and up near Kruger park, so for definite let me know :) #trilema
2014-04-23 fluffypony mircea_popescu: you should see where the comment thread went to from there, that guy was an idiot #trilema
2014-04-23 fluffypony mircea_popescu: yeah that quote broke my brain #trilema
2014-04-23 fluffypony BigBitz: let me know if you want to come, you can take a turn past us and we can see how many bottles of wine we can get through #trilema
2014-04-23 * fluffypony has wine #trilema
2014-04-23 fluffypony ThickAsThieves: so then come to glorious South Africa! #trilema
2014-04-23 fluffypony do not want #trilema
2014-04-23 fluffypony da fuq #trilema
2014-04-23 fluffypony benkay: sharpie in pooper = warm storage? #trilema
2014-04-23 fluffypony I'll sort them out #trilema
2014-04-23 fluffypony find someone to relocate them to South Africa #trilema
2014-04-23 fluffypony sucks #trilema
2014-04-23 fluffypony ThickAsThieves: are they locals or did some relocate there? #trilema
2014-04-23 fluffypony I swear, all you need is a whitepaper and a few media interviews #trilema
2014-04-23 fluffypony https://blockchain.info/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E <- MaidScam raised 6240 BTC so far #trilema
2014-04-23 fluffypony and then we spend all the money and don't do anything #trilema
2014-04-23 fluffypony basically everyone sends funds to a Bitcoin address, and then we convert that to SateliteCoinz that we give them #trilema
2014-04-23 fluffypony we'll call it "Proof of Launch" #trilema
2014-04-23 fluffypony let's write a whitepaper and raise funds #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony mircea_popescu: maybe Amazon can just arrange for the CubeSat to be delivered into space by quadcopter #trilema
2014-04-23 fluffypony BingoBoingo: must we type quietly? #trilema
2014-04-23 fluffypony early attempts were "just watch the blockchain", but altcoins implementations are so ridiculous #trilema
2014-04-23 fluffypony Naphex: yeah I know, I struggled with the dynamics for a while before settling on "just poll the daemon" #trilema
2014-04-23 fluffypony (listreceivedbyaddress shows a "running total", of sorts, so you have to know what the previous value was to spot that it's changed, but that's trivial" #trilema
2014-04-23 fluffypony and once an amount is available in an address for the minimum number of confs it's in the json #trilema
2014-04-23 fluffypony so we poll that #trilema
2014-04-23 fluffypony Naphex: getting back to what you were saying - listreceivedbyaddress <minconf=1> <includeempty=false> #trilema
2014-04-23 fluffypony thanks for all the input everyone #trilema
2014-04-23 fluffypony ThickAsThieves: ok cool, I'll start reworking #trilema
2014-04-23 fluffypony Naphex: have you worked with listreceivedbyaddress at all? #trilema
2014-04-23 fluffypony Naphex: sure, but we aren't watching transactions #trilema
2014-04-23 fluffypony ThickAsThieves: so then would it be better to 1. keep everything in but stagger the funding (eg. 100k now, another 100k when X milestones reached, etc.), or 2. take stuff out and then seek further funding later #trilema
2014-04-23 * fluffypony ponders #trilema
2014-04-23 fluffypony Naphex: doesn't matter, we're expecting 0.5 to address X, not to the "wallet" as a whole #trilema
2014-04-23 fluffypony ThickAsThieves: appreciate the input, I'll work a bit more on splitting it out #trilema
2014-04-23 fluffypony Naphex: we watch the address for the amount requested; if it appears we know it's paid, if it doesn't (wrong amount, too late) we can't "contact the client" to let them know - they have to contact us and say "ohai, I screwed up" #trilema
2014-04-23 fluffypony Naphex: if someone makes a late payment, for eg.? #trilema
2014-04-23 fluffypony doesn't have to be completely fresh #trilema
2014-04-23 fluffypony Naphex: kind-of - a payment is only possible for 15 mins, so an address can be re-used every few hours #trilema
2014-04-23 fluffypony ThickAsThieves: because I've done most of the underlying work, it's just front-end crap that needs to be done #trilema
2014-04-23 fluffypony Naphex: not a chance #trilema
2014-04-23 fluffypony mrstickball: the frames etc. #trilema
2014-04-23 fluffypony Naphex: yes #trilema
2014-04-23 fluffypony separate the entities #trilema
2014-04-23 fluffypony ok so then I split it out #trilema
2014-04-23 fluffypony the exchange can be required to KYC us as the depositer #trilema
2014-04-23 fluffypony we aren't required (right now) to KYC to receive crypto #trilema
2014-04-23 fluffypony well #trilema
2014-04-23 fluffypony oh AML #trilema
2014-04-23 fluffypony ThickAsThieves: if a country banned inter-crypto trades that would affect the exchange primarily? #trilema
2014-04-23 fluffypony ThickAsThieves: https://www.cryptsy.com/coinvotes - get them to add it there and you can buy votes :-P #trilema
2014-04-23 fluffypony ThickAsThieves: I would write them a strongly worded letter! #trilema
2014-04-23 fluffypony this is between us and the exchange #trilema
2014-04-23 fluffypony the coins are already confirmed on our side #trilema
2014-04-23 fluffypony Naphex: how? they don't have our privkey to double-spend #trilema
2014-04-23 fluffypony before they're confirmed, yes #trilema
2014-04-23 fluffypony *back to 0 #trilema
2014-04-23 fluffypony when the deposit confirms on the exchange it goes 0 ATC #trilema
2014-04-23 fluffypony when the trade happens our account on the exchange goes -100 ATC +0.5 BTC #trilema
2014-04-23 fluffypony in other words #trilema
2014-04-23 fluffypony eventual consistency :-P #trilema
2014-04-23 fluffypony if the send fails we go into negative that is caught up later #trilema
2014-04-23 fluffypony they do the trade the second we initiate the send #trilema
2014-04-23 fluffypony ThickAsThieves: it's not 0-conf to us, it's 0-conf between us and them #trilema
2014-04-23 fluffypony ok cool #trilema
2014-04-23 fluffypony 35% #trilema
2014-04-23 fluffypony first sentence under Company Structure #trilema
2014-04-23 fluffypony "OpenRigs is member of the GearTribe group of companies, of which Riccardo Spagni is one of the group directors" #trilema
2014-04-23 fluffypony I'll double check #trilema
2014-04-23 fluffypony I did at the beginning I think #trilema
2014-04-23 fluffypony ThickAsThieves: yes #trilema
2014-04-23 fluffypony and a bunch of other companies #trilema
2014-04-23 fluffypony benkay: no - the GearTribe Group, has a 5% stake in OpenRigs #trilema
2014-04-23 fluffypony ThickAsThieves: the Bee was only for the .ee domain hack #trilema
2014-04-23 fluffypony benkay: I draw a salary at a group level #trilema
2014-04-23 fluffypony yeah, so that's placeholder branding then :-P #trilema
2014-04-23 fluffypony I'll get the designer to rethink it #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony ThickAsThieves: yes - I've got deeper numbers on that that I can include, didn't know if it would be info overload #trilema
2014-04-23 fluffypony we could probably negotiate wire fees with our bank's Forex dept., but I still think we'd be paying a penalty #trilema
2014-04-23 fluffypony Naphex: local exchange has 10BTC daily volume, so we'd have to do BitStamp -> us -> international wire #trilema
2014-04-23 fluffypony stay in crypto and we can pretty much do whatever we want #trilema
2014-04-23 fluffypony so the minute we go into fiat we become a financial services provider #trilema
2014-04-23 fluffypony Naphex: nope - official stance from the SARB (reserve bank) is - "Bitcoin has no legal status or a regulatory framework." #trilema
2014-04-23 fluffypony here it's a ball-ache #trilema
2014-04-23 fluffypony we'd have to register as a financial services provider and a deposit taking institution #trilema
2014-04-23 fluffypony Naphex: then we have regulatory issues to deal with #trilema
2014-04-23 fluffypony it's just been my experience that customers get excited about the most arbitrary stuff #trilema
2014-04-23 fluffypony we have both #trilema
2014-04-23 fluffypony ok #trilema
2014-04-23 fluffypony pic of one of the postcards there #trilema
2014-04-23 fluffypony https://forum.feathercoin.com/index.php?/topic/6014-openrigs-review-lulz/ #trilema
2014-04-23 * fluffypony nods #trilema
2014-04-23 fluffypony mike_c: TimeKoin? :-P #trilema
2014-04-23 fluffypony ThickAsThieves: no, I know one of the guys that is involved with it, but no affiliation beyond that #trilema
2014-04-23 fluffypony because they're not bound by the confines of "what is the most profitable" bullshit #trilema
2014-04-23 fluffypony in fact, there's more experimentation with stuff like that being done by the OCLHashCat guys than in the mining community #trilema
2014-04-23 fluffypony ThickAsThieves: scrypt-n and X11 based coins will still need miners, and the BOINC/Folding@Home crowd will need it to #trilema
2014-04-23 fluffypony ThickAsThieves: how else do you do it then? as an LoC? #trilema
2014-04-23 fluffypony *occurances #trilema
2014-04-23 fluffypony ThickAsThieves: I changed that to "apportioning net profit" later, forgot to search for earlier occurancess #trilema
2014-04-23 fluffypony it was more in terms of avoiding scammy pre-orders (mitigating risk) in that space #trilema
2014-04-23 fluffypony fair enough #trilema
2014-04-23 fluffypony I can make that clearer in the proposal #trilema
2014-04-23 fluffypony I don't want to "grow the farm" #trilema
2014-04-23 fluffypony ThickAsThieves: I like getting stuck into the technical stuff with it, sure, but it *is* a means to an end #trilema
2014-04-23 fluffypony ok #trilema
2014-04-23 * fluffypony notes #trilema
2014-04-23 fluffypony benkay: yes, but when you're mining scamcoins and dumping them it's always reasonably profitable :-P #trilema
2014-04-23 fluffypony ThickAsThieves: it's from here - http://shrinkthatfootprint.com/average-electricity-prices-kwh #trilema
2014-04-23 fluffypony but GPU mining yes, I have a few years of historical data #trilema
2014-04-23 fluffypony ASICs certainly aren't, better to flip them #trilema
2014-04-23 fluffypony I can add that #trilema
2014-04-23 fluffypony just not full of numbers #trilema
2014-04-23 fluffypony not hiding it, it's mentioned and detailed, and even obvious in the graph #trilema
2014-04-23 fluffypony or whether I'll end up explaining why so much it'll be pages of cruft #trilema
2014-04-23 fluffypony ThickAsThieves: it's purposely light on numbers, I'm not sure whether including all the data on the downward slump inspires investor confidence #trilema
2014-04-23 fluffypony benkay: we weren't able to, the dude that rents them is dumb and only lets you observe, not take actual data (although with the new camera he has apparently he'll give us pics and data after) #trilema
2014-04-23 fluffypony benkay: we did FLIR imaging when designing, we're waiting for the FLIR camera to be available for rent again so we can have that data accessible #trilema
2014-04-23 fluffypony ThickAsThieves: point #trilema
2014-04-23 fluffypony ok good point #trilema
2014-04-23 * fluffypony ponders #trilema
2014-04-23 fluffypony cooling containers? #trilema
2014-04-23 fluffypony ThickAsThieves: not so much on the frames side, they're too small to mention, but for PayBee yes #trilema
2014-04-23 fluffypony Naphex: yes exactly #trilema
2014-04-23 fluffypony Naphex: the whole point of PayBee is *not* to do fiat directly, tho - once the funds are in BTC it goes straight into the merchant's Bitpay account #trilema
2014-04-23 fluffypony ThickAsThieves: yep #trilema
2014-04-23 fluffypony they were just the most willing to make the API changes we needed and they have the volume #trilema
2014-04-23 fluffypony Naphex: Cryptsy, but it's fairly agnostic to the exchange #trilema
2014-04-23 fluffypony ThickAsThieves: as in "opened for business", will rephrase #trilema
2014-04-23 fluffypony ah good point #trilema
2014-04-23 fluffypony not enough BFL #trilema
2014-04-23 fluffypony MtBee? #trilema
2014-04-23 fluffypony meh, branding is easy to change on that #trilema
2014-04-23 fluffypony I didn't think of it that way #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony but did everything else #trilema
2014-04-23 fluffypony benkay: pretty much everything you suggested, I kept PayBee in as I don't want to split it out into an entity on its own just yet #trilema
2014-04-23 fluffypony ThickAsThieves: that's exactly it, it's a means to an end #trilema
2014-04-23 fluffypony (bearing in mind it's a fiat business, not a BTC business per se, so it's not meant to compete with a pure BTC business) #trilema
2014-04-23 fluffypony https://openrigs.com/download/proposal.pdf #trilema
2014-04-23 fluffypony if anyone has a few mins I'd like a sanity check before I send it out to interested people #trilema
2014-04-23 fluffypony I'm looking for a bit of seed funding to expand and grow OpenRigs, benkay took a looksie at a previous version of my proposal and made some suggestions (which I've incorporated) #trilema
2014-04-23 fluffypony ok so #trilema
2014-04-23 fluffypony encrypted HAM? #trilema
2014-04-23 fluffypony I think if they haven't signed in to iCloud/iMessage from an iOS device it takes them off the active list or whatevs #trilema
2014-04-23 fluffypony and it doesn't offer the blue iMessage option or anything any longer #trilema
2014-04-23 fluffypony I have a friend that switched from iOS to Android in October #trilema
2014-04-23 fluffypony benkay: ok no wait that's not right #trilema
2014-04-23 fluffypony yeah, I resigned myself to sacrificing all measure of privacy the minute I got my Nokia N95 and realised all the crap that could go on in the background #trilema
2014-04-23 * fluffypony chuckles #trilema
2014-04-23 fluffypony that's when they "surprise" you with a visit to your house, right? #trilema
2014-04-23 fluffypony hah hah #trilema
2014-04-23 * fluffypony shudders at the thought #trilema
2014-04-23 fluffypony moiety: WhatsApp is the worst with that..."I see the message got delivered because there's a second tick...are we fighting now that you're not replying?" #trilema
2014-04-23 fluffypony but I had that exact argument with an ex-gf in my mid-20s #trilema
2014-04-23 fluffypony benkay: yeah, one of the reasons why I married my wife was because she wasn't full of shit like that (full of shit in other ways, but not pedantry/jealousy like that) #trilema
2014-04-23 fluffypony lol #trilema
2014-04-23 fluffypony well I suppose it's better than the "how come when you messaged that you love me you only put 2 exclamation marks when I put 4?" argument #trilema
2014-04-23 * fluffypony fires up some muzaks #trilema
2014-04-23 fluffypony Eric Clapton and BB King kinda night #trilema
2014-04-23 fluffypony cool I'll give that a spin, tks benkay #trilema
2014-04-23 fluffypony benkay: didn't know that - but doesn't the form need to have a dedicated PDF-compliant signature block to use that? #trilema
2014-04-23 fluffypony save and send #trilema
2014-04-23 fluffypony copy and paste into doc, resize and position #trilema

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