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5941  Economy / Securities / Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX on: August 29, 2014, 03:35:38 PM
@Korbman:
Quote
Issue #3) A third of the original funding raised by the IPO should still exist...somewhere. Theoretically, it should still be in the ScryptX Havelock account, unless Cryptx lied to the Havelock team to have it all withdrawn. I'll save my judgement on this until I can dig in a bit more.

You won't see any of that, regardless of Havelock holding it in escrow or not.

We are still holding 100 BTC in escrow for MS

The issuer has been incommunicado since

Update is under review by Havelock.

Havelock's last response (note date):

There are no plans to release any additional units of the Fund.

Everyone understood that the success of this company is heavily depended on the Bitcoin price and popularity.

If and when Bitcoin makes a "comeback" in price, so will the customers that want to trade their electronics for Bitcoin.

Best of luck 2 U.
5942  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 02:47:44 PM
Take up the ark of the covenant, and let seven priests bear seven trumpets of rams' horns before the ark of the Lord...

Worked once...
5943  Economy / Securities / Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX on: August 29, 2014, 01:35:23 PM
...
It is not possible that ONLY 68% of the holders are that stupid...

FTFY
5944  Economy / Securities / Re: [Havelock] HASH - Mining Equipment Sales, Contracts, and More on: August 29, 2014, 10:46:37 AM
@Benny:

...
Additionally, I messaged all IPO buyers about this prior to the IPO closing. Since we've had a large number of shares that were unsold, we are giving them additional shares to compensate for the price dropping. So if this price holds, we'll be looking at giving them an extra 3.25 shares for each share purchased during the IPO.

Units prior to last public offering:  74,490
Units @ Last PO:                       50,000
Current units outstanding:          124,490

Questions re. the 49,355 unsold units (currently at the bottom of the asks):

  1.  Who owns them?
  2.  Are these units1 currently drawing dividends?
  3.  What do these units1 represent?

...
*Did you pay off the balance on that hardware store, or did you give up your deposit?

1.
 -- https://www.havelockinvestments.com/fund.php?symbol=HASH
*I don't know what "The shares offered here are as a faction of the Havelock Fund and not direct member holdings of Coin Services LLC." means either, so I just posted the pic.
5945  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 07:04:31 PM
^ Cheesy
5946  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 06:44:58 PM
...
Well, the whole point of blockchain-based technology is precisely that it takes trust out of the equation completely...

He brought up several interesting points which you might have missed.  I'll try to put them in different wrappers, hopefully not losing the meaning in the process.

1.  Assume a magical black box which, when the "press" button is pressed, prints out the *exact* result of an election.  Also assume that it is the definitive Black Box--while the result is [by definition] invariably correct, no one knows how it works.  It's a hypothetical, accept everything above as a given.
What do you think the odds of such a thing becoming the accepted method of national elections?  

2.  People do not trust technology--they don't understand it.  They do not understand most of modern technology, including simple stuff like ATMs, but they do not need to trust it--they trust the agencies behind it (banks, in case of ATMs).  This may be absurd, but that's how it is.  There is no similar agency backing the blockchain, and Joe Sixpack has a natural distrust of eggheads.

3.  Recounts.  There is little to suggest that a recount in conventional elections would produce results more accurate than the initial tallying.  But it makes people feel better.  Those tangible slips of paper, as ridiculous and flawed as they are, are used even when a purely digital apparatus recording choices directly from a keyboard to electronic storage (like a hugely-redundant RAID or something) would be cheaper, more convenient, and [provably] more reliable.  Go figure, but that's how it is.

Or, to summarize all the points: Let's not try to improve living conditions through rational insight, because the irrational fears of what is possibly a majority of the population would be offended by the improvements at first.

(Not attacking you, NotLambchop. Just the message you relay Cheesy)

I guess I'm not being clear (and don't worry attacking me, my best friends are all serious pricks.  But fun.).  The reason I repeated JorgeStolfi's points is one of his posts made me realise that I wasn't seeing all aspect of the election problem, or rather that other people were seeing it differently from me.  I was looking at it as a techy, "Is it possible to create a foolproof, incorruptible and practical voting system based on the blockchain."  JorgeStolfi pointed out that the technical aspect was not the gist of it.  From his perspective, the technical side was not even the relevant part.  According to him (or, rather, how I understood him), the most important aspect of a voting system was not its accuracy or even resistance to tampering, but *how acceptable and irrefutable it is to the losing party*.

I haven't thought about it that way, but, after reading his posts, I was able to see it in a totally new light.  It hit me that the problem I was trying to solve wasn't even necessarily the correct one.  One of those "aha" moments.

I'm a sucker for stuff like that.  I may not agree with his notion that it's a case of rigging a turbojet to pop popcorn, but I like "getting" how other people see stuff.
I'm not being too clear, but hopefully you get my drift.  It's like spending endless time working out the minutia of a car's suspension geometry, and finding out that the only thing people care about has nothing to do with handling--they just want it in powder blue.

*And I get that this reads like some peaking acidhead's ramblings about his latest revelation.
5947  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 05:20:09 PM
...
Well, the whole point of blockchain-based technology is precisely that it takes trust out of the equation completely...

He brought up several interesting points which you might have missed.  I'll try to put them in different wrappers, hopefully not losing the meaning in the process.

1.  Assume a magical black box which, when the "press" button is pressed, prints out the *exact* result of an election.  Also assume that it is the definitive Black Box--while the result is [by definition] invariably correct, no one knows how it works.  It's a hypothetical, accept everything above as a given.
What do you think the odds of such a thing becoming the accepted method of national elections?  

2.  People do not trust technology--they don't understand it.  They do not understand most of modern technology, including simple stuff like ATMs, but they do not need to trust it--they trust the agencies behind it (banks, in case of ATMs).  This may be absurd, but that's how it is.  There is no similar agency backing the blockchain, and Joe Sixpack has a natural distrust of eggheads.

3.  Recounts.  There is little to suggest that a recount in conventional elections would produce results more accurate than the initial tallying.  But it makes people feel better.  Those tangible slips of paper, as ridiculous and flawed as they are, are used even when a purely digital apparatus recording choices directly from a keyboard to electronic storage (like a hugely-redundant RAID or something) would be cheaper, more convenient, and [provably] more reliable.  Go figure, but that's how it is.
5948  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 03:48:24 PM
I love how everyone is saying something is a bullish or bearish signal no matter how far fetched it seems. So here's one for you... I took a shit this morning and only had to wipe 3 times. Is that bullish or bearish?

Did you shit in the woods?
(If so--bearish)
5949  Economy / Securities / Re: [Havelock] HASH - Mining Equipment Sales, Contracts, and More on: August 28, 2014, 03:40:39 PM
...So if this price holds, we'll be looking at giving them an extra 3.25 shares for each share purchased during the IPO.

Don't you mean an extra 9 shares?  The highest bid is .0022, so each share must be augmented with a minimum of 9 more shares to bring it up to I*cough*PO price.
Check ur math.
5950  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 03:22:29 PM
...
When I originally responded to your response to Richy_T, I did so in the belief that you were dismissing the power of individuals acting freely in their self-interest to effect significant change, but after a couple of exchanges with you now, I have re-read it, and you seem to be equating 'people acting in their enlightened self interest' with 'everything that humans do, ever, full stop".  If that is indeed what you mean, then, indeed, everything that has ever happened re: the human species is definitely the result of 'enlightened self interest'.

Let's try to formalise this a bit.
It would be absurd to dismiss "...the power of individuals acting freely in their self-interest to effect significant change..."
There were historical occurrences of just that, so a denial of potential efficacy of such acts is provably false. <==We agree and are hopefully done here.

Quote
That, however, is almost certainly not the idea that Richy_T was promoting, and that you appeared to be trying to contradict.  Re-reading that post, it seems that he never spoke of 'enlightened self interest' at all, and that concept certainly does not seem to be necessary to support the claim he was making - that local control is frequently more responsive and effective than centralized control at some higher level (if I understand him correctly).

You're right, he never used the phrase, that's why I prefixed what I typed with "seem to be."  Things snowballed from there.  
If his claim was indeed "...that local control is frequently more responsive and effective than centralized control at some higher level," then, again, it is a trivial claim which could be empirically and historically validated with a single occurrence, making it provably true, and making anyone disagreeing with it provably wrong.
I assumed, perhaps mistakenly, that he was making a non-trivial claim.
5951  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 03:05:28 PM
Quote
Going by its definition, "survival of the fittest," everything extant is the fittest.

Except that is not the definition of evolution; merely a soundbite. It is often used to justify capitalist systems or excuse social inequality but it has nothing to do with Darwin's theory and IRCC no-where does he use the phrase in "OotS" never mind offer it as a definition.

You're thinking of "Social Darwinism."

Re "definition":  A definition may be as terse or expansive as it needs to be within a given context (dictionary definition, encyclopedic definition, working definition, etc., etc.).
"Going by definition" mean "appealing to the definition," not "here's the exhaustive definition," which I clearly did not attempt.
Pedantry isn't clever, funny or sexy, creekbore.  Cut it out Angry
5952  Economy / Securities / Re: [Havelock] HASH - Mining Equipment Sales, Contracts, and More on: August 28, 2014, 01:13:54 PM
@CoinsForTech:

A shade over 1% (one percent) of the shares sold.

The price [understandably] tanked as soon as trading has started, with current highest bid being 50/50    @ ฿0.00220000 (exactly one tenths the Havelock IPO price).

The unsold shares were put up for sale, and can be seen at the bottom of the asks, here:


There wasn't much dumping, simply because there were never any bids.  The highest non-trivial (over 0.11BTC) current bid is


  ~Happy Investing!


P.S: If it's not obvious, offerings like this create DISASTROUS PR for Bitcoin, and are [at least partially] responsible for the floundering exchange rate.
Case in point:  The same people who black-mouthed and raged against me for calling out Active Mining are now posting this:

https://bitcointalk.org/index.php?topic=462370.msg8564894#msg8564894 <==don't click if you anger easily

5953  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 28, 2014, 02:25:27 AM
When one person messes up, it affects a few. When Government messes up, if affects millions.
Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.

I'll bite.  How many people were killed by violence in the past 200 years (v_total)?  How many of those were killed by direct acts of a government (v_govt)?  
What is the ratio between (v_total - v_govt) / n_humans and v_govt / n_govt ?  If you divide the latter by 2 million, is it smaller than the former?

Off the top of my head, from general knowledge of history, I will estimate 320 million=v_total, 300=million v_govt, the number of  governments at 1000,
and the number of people at 10 billion.  2/1000 violent deaths per human, 300000 violent deaths per government.  The ratio is then 1:150,000,000.

Yeah, Richy_T's comment seems well justified.  I would have to have non-cancelling compounded errors in the region of 2 orders of magnitude for it to be even slightly inaccurate.  It does not appear meaningless.  It appears factual.

I'm not sure how or even if it meaningfully supports an "anti-govt thesis", however.



Throughout millennia, man fought his fellow man.  But in the year of Our Lord two thousand and fourteen, before Ab passed onto Elul, Philosopher King aminorex The Inciteful (or Insightful, the texts are unclear and spelling is hard) hath revealed a great truth onto Man:  All of this time. it was Teh Man who turned brother against brother, made Man spill the blood of Man!
Spoke aminorex thusly:

"Yo!  Only governments can start wars.  So no governments--no wars!   Get rid of Teh Man, and bask in peace everlasting!"

   "Awesome!" the people cheered, "How?"

"Well..." spoke aminorex, "Bitcoin!"

  "Huh"

"Look...  I got a Bitcoin bank in Cyprus.  All I WE need is a few coins, and then more Revolution and PROFIT than you could shake a stick at!  U dig science?  Then lemme drop some on U: (v_total - v_govt) / n_humans and v_govt / n_govt.  Fight The Power!
U in or what?!"

  "We totally_dig, under_stand, and we in!!1!  Where 2 send mony4revolution while we get rich?!"


...And there was much rejoicing, hot grils [who were, like, totally watching the whole time] got all in2it and every1 lived happily ever after.

    ~The End~


5954  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 27, 2014, 04:34:20 PM
...
The bitcoin protocol and network are experimental.  The goal of the Wright Bros'  Filer 1 model was to show that heavier-than-air flight was possible, and it was quite successful at that. But it was not meant to be THE transport vehicle of the future, not even a commercial product or the basis for any commercial enterprise...

Curious aside:  The Wright Company was a money-losing proposition for the brothers.  Though it kind-a sort-a lived on in part through various mergers, no one ever lost sleep about not investing in the Wright Company when he had a chance.
Take from that what you will Undecided
5955  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 27, 2014, 03:37:58 PM
...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.


'Enlightened self interest' created the very intelligence that you abuse here to denigrate its value and power.  It's called "evolution".


Enlightened self-interest is a philosophy in ethics which states that persons who act to further the interests of others (or the interests of the group or groups to which they belong), ultimately serve their own self-interest.
It is not called "evolution."
I have neither praised nor denigrated it.  


Ok, fair enough.  Evolution ~= enlightened self interest - but there is a valid analogy to be drawn that speaks to your claim.

The evolution that resulted in YOU and the intelligence you are attempting to display here today began with random interaction of subatomic particles that formed more complex particles, which then formed molecules, which eventually somehow managed to accidentally come together in a self-replicating form.  Skipping forward a bit, we get complex living creatures, who tend to act in a manner consistent with their own self-interest - either 'enlightened' or otherwise.

Somehow, all that random and, ultimately, intentional activity - none of which ever involved any higher centralized planning - resulted in YOU.

Yet you choose to belittle the concept of 'enlightened self interest', and you seem to suggest that 'enlightened self interest' is a priori inferior to planning and committees and government.  I would suggest that, so far, nature seems to be more clever than any committee I have seen - so I would not belittle the value of what can come of random interactions of actors pursuing their own ends.

I don't suggest here that nature (or enlightened self interest) always produces the 'best' immediate result - that is a very subjective judgement.  But, like Adam Smith, I do marvel at how often it does produce a wonderful result - and I can't seem to think of anything achieved by committee that is comparable.

I'm still not being clear enough, it seems you're addressing my edit:
Quote
...(On the off-chance that you meant something along the lines of "we must not try to impede enlightened self-interest, but rely on it):  That's self-contradictory.  If enlightened self-interest is valid as a concept, there could be no talk of "allowing it to guide us" or "subjugating it."  It either works or it doesn't.  We can no more "allow it to do its thing" than allow gravity to do its thing.

Going with your evolution analogy:
Evolution is not a progression from "worse" to "better"--"better" (or "wonderful," to use your language) is a post-factum value judgement imposed by us, the survivors.  It produced what it has produced, and the "wonder" existence holds it holds only for us, the product.  Nothing suggests that if the end result of biological evolution was undifferentiated slime, that slime would be any less "wonderful" to bits of that slime (if "wonder" was even a thing for those slime bits, but you get my drift).

Evolution simply produces what it produces.  Going by its definition, "survival of the fittest," everything extant is the fittest.
Again, by definition.
Not "the best," not "the best of all possible worlds," but simply "that which exists."

Another tangent:  You can no more encourage, deride or discourage enlightened self-interest than you could encourage, deride, or encourage evolution.  TL;DR: I ain't.  Is this a bit clearer?

*This is getting pretty far away from watching Teh Wall, but there's not much happening there [that I can understand or work with].  Hope we're not annoying the purists.
5956  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 27, 2014, 02:21:38 PM

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  

Nope. It brought us the government of about 150 years ago. The uncontrollable lust for power and control and wealth has brought us the government we have today. A very different beast.

It brought us the government of 150, 1,500, and 1.5 years ago--every government, at every point in time.  Before arguing, please follow the link provided in my previous post, and familiarize yourself with the definition of enlightened self-interest, before commenting further.
5957  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 27, 2014, 02:15:10 PM
...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.


'Enlightened self interest' created the very intelligence that you abuse here to denigrate its value and power.  It's called "evolution".


Enlightened self-interest is a philosophy in ethics which states that persons who act to further the interests of others (or the interests of the group or groups to which they belong), ultimately serve their own self-interest.
It is not called "evolution."
I have neither praised nor denigrated it.  

Edit (On the off-chance that you meant something along the lines of "we must not try to impede enlightened self-interest, but rely on it):  That's self-contradictory.  If enlightened self-interest is valid as a concept, there could be no talk of "allowing it to guide us" or "subjugating it."  It either works or it doesn't.  We can no more "allow it to do its thing" than allow gravity to do its thing.
5958  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 27, 2014, 11:52:20 AM
...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.

No one sets out to build a skyscraper thinking "I'll build shitloads of stairs, hallways, lobbies, fire exits, elevators, escalators, doors, security stations, fire suppression apparatus, HVAC, etc., etc."  But without those things, buildings bigger than a shack are useless.  That's why all the mentioned stuff is made--not because some architect had a fetish for wasting space, time and money.  And saying that your shotgun shack does just fine without an elevator, hallways, or stairways is not an argument to their uselessness.  It's also not an argument for getting rid of skyscrapers and replacing them with shotgun shacks "because then you don't need to build elevators."  

Quote
When one person messes up, it affects a few. When Government messes up, if affects millions.

Huh?  
5959  Economy / Securities / Re: [Havelock] HASH - Mining Equipment Sales, Contracts, and More on: August 26, 2014, 04:12:10 PM




Edit: It gets better...

5960  Economy / Securities / Re: KLYEMAX Studios - MRKLYE Unofficial Reimbursement Thread on: August 26, 2014, 11:45:25 AM


The tragedy of man is not the pettiness of his dreams, but how laughably short he falls from making them a reality. --???
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