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May 20, 2014

this is why distributed exchanges are doomed to failure

Filed under: Uncategorized — @ 12:00 a.m.
this is why distributed exchanges are doomed to failure

From the Vircurex website:

Vircurex is not the issuer of the vircurex asset on NXT decentralized asset exchange.
Our shares are only listed on cryptostocks.com. The asset issuer on the NXT decentralized assetexchange is not associated with us in any ways.

A total and complete lack of adult supervision is why the distributed/decentralized exchanges are doomed to failure. With no vetting, anyone can pretend to be anything (hello? this is dog!), and issue stock in things that don't exist or with which the 'issuer' has no actual relationship. It's an old story, actually, dating back to A Dragon's Tale. Once upon a time, someone used a normal scam-exchange to list a stock that claimed to confer ownership in A Dragon's Tale (a Bitcoin gambling MMORPG thinger). The 'exchange' on which this asset listed failed to perform any due-dilligence, and when the particularly egregious scam in question turned out to be, well, a scam, they de-listed it promptly and never spoke of the matter again.

With derpstributed exchanges, however, there is no adult supervision, and so scams are destined to rule the roost. Capital barriers are imposed not because we're assholes, but because it's an easy way to see if a player's qualified for the game. Besides, if you really intend to play in the market, you should also intend to recoup the cost of surmounting those barriers. Anything that can't recoup the cost of entry should never be admitted.

The challenge of locating that bar should be left to adults, though. Adults who insist on capital barriers.

May 18, 2014

where the sidewalk ends - an exercise in creative technology use

Filed under: la vida pobre — Benjamin Vulpes @ 12:00 a.m.
where the sidewalk ends - an exercise in creative technology use

Take a look at this sign:

wherethesidewalkends

It's mounted on what's called a "bike staple" - a piece of tubing bent into the shape of a staple and then bolted to the ground. Portland has such an absurd number of bikers for an American city that apparently "The City That Works" is now using their excess staples to hold up signs.

This is a really smart move, as anyone who understands procurement will appreciate. The city has a giant stock of this hardware, and are now using it in novel ways instead of procuring custom-made hardware for each derpy little sign they want to erect.

Although I just started considering the possibility that this smart move was done by a contractor ideally incentivized to do smart things.

I DON'T KNOW ABOUT THE ECONOMICS OF IT MAN BUT HEY LOOK AT THAT COOL REPURPOSING

relics of a bygone era...

Filed under: Uncategorized — @ 12:00 a.m.
relics of a bygone era...

I found this AMAZING mug at a friend's house last night.

nasamug1.jpg
nasamug2.jpg
nasamug3.jpg

The mug is sculpted and the paint applied over the sculpting - the fabrication that went into those mugs baffled my poor inebriated mind last night and I spent a good ten minutes ogling it and turning it over in my hands.

But consider! Miller High Life - an ancient brand. NASA - a similarly ancient brand. A giant beer stein with insane sculptural detail and painting all over it (made in Brazil…). The thing is a relic from when America was great and did great things1.

The best part? It's #5 of a series of 5. The other four are wonderful examples of Americana as well - I wholeheartedly recommend a little internet-spelunking to find the rest.

Footnotes:

1

and Miller High Life was considered a great beer? Who knows…

May 16, 2014

punking MS users via the blockchain

Filed under: Uncategorized — @ 12:00 a.m.
punking MS users via the blockchain

If you're dumb enough to run a Bitcoin instance on Windows…

Earlier today, a virus signature from the virus "DOS/STONED" was uploaded into the Bitcoin blockchain, which allows small snippets of text to accompany user transactions with bitcoin. Since this is only the virus signature and not the virus itself, there apparently is no danger to users in any way. However, MSE recognizes the signature for the virus and continuously reports it as a threat, and every time it deletes the file, the bitcoin client will simply re-download the missing blockchain. - edc678

My sides…

look at this ridiculous american penny

Filed under: Uncategorized — @ 12:00 a.m.
look at this ridiculous american penny

This is downright cartoonish:

penny.jpg

AMERICA! LOOK AT OUR SWEET BADGE! WE'RE HERE TO MAKE THE WORLD A BETTER PLACE!

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