1001900+ entries in 0.783s
smickles: When
the project began,
the developers of
this satellite were still in college.""
smickles: lol, did
they
throw it by and and lose
track of it (now
thinking it was a successful mission)?
smickles: and
they've only done it once since 1971
mircea_popescu: nothing could be lamer
than romania's first and only satellite
to date
tho
smickles: prospero is
that fake enthusiam you get from an pessimeist
smickles: "Prospero,
the only British satellite
to date launched on a British rocket, lifted off from Launch Area 5B..." <<this statement feels so full of lame
mircea_popescu: go home
tonight and say "honey,
today we
talk about χαρέμι"
smickles: i
took 2 or
three classes
then stopped because it was a 7am class, and I had an hour bikeride
to make it
smickles: so it's like
tele-court, main page == judge judy?
mircea_popescu: "For
the last
time, geeks should not open financial service businesses just because
they can make
the website and fire up some hardware"
mircea_popescu: or not wait, i
think i was looking at some gold and oil futures
mircea_popescu: anyway
this is all academic, iirc
there wasn't much volume anyway, like 1-2 btc a week or something
mircea_popescu: if it should be 3.14
then
they either do 3.14 or not do it at all.
mircea_popescu: see,
that's faulty. "we should do X, but we can't practically do X so we are doing Y instead"
mircea_popescu: part of
that is
the fact
that only
the nearest 5 orders are shown << who comes up wit
this sort of shit ?
smickles: short stradle at 100N, and buy
the futures up
to 10.35ish
smickles: mircea_popescu: i identified
the arb op
smickles: i should find confidence in my math,
then i would arb
that op so hard
bitfoo: yeah, I was
trying
to figure out how
to see more
than
that
smickles: bitfoo: part of
that is
the fact
that only
the nearest 5 orders are shown (either side of center)
bitfoo: icbit depth looks pretty
thin
smickles: short stradle at 100N, buy icbit futures up
to 10.35
bitfoo: it's
too late in
the day for me
to even
try and figure
that out
smickles: that last one proves
that it's
there, if you know what you're looking at
bitfoo: work it out and
then we can all arb ;)
smickles: the futures on icbit deliver at 10 at
the end of december, so at some point in
time,
there should be an arb op
smickles: i'm
trying
to work out
that arb b/t mpex and icbit
gribble: Error: Something in
there wasn't a valid number.
gribble: BTCUSD
ticker | Best bid: 10.40000, Best ask: 10.44857, Bid-ask spread: 0.04857, Last
trade: 10.40000, 24 hour volume: 43262.33694086, 24 hour low: 10.12999, 24 hour high: 10.83883, 24 hour vwap: 10.45494
mircea_popescu: it's a bright glowing orange
that makes food look unhealthy and women's complexion
totally alien
smickles: well, it seems one reason may be
to annoy you
mircea_popescu: and i do not mean some pale yellow or w/e, i mean orange, like
the fruit.
mircea_popescu: what
the hell is with people painting
their walls orange ?
BTC-Mining: Either way
the source can be verified.
BTC-Mining: hmm... how do we know
the flatfile is official
then?
mircea_popescu: actually
this is delineated in
the faq since
the days when people were asking mpex (but not glbse) what is
the plan for
the case which befel glbse but not mpex.
BTC-Mining: But
that flatfile needs
to be encrypted with
the exchange's key first of course.
mircea_popescu: alongside a final dump of everyone's stats, encrupted with
their public key
mircea_popescu: but in
the extreme case
the db needs
to be distributed what i envisage is a
text flatfile containing each issuer's holders encrypted with his public key,
the whole
thing signed and dumped on like, piratebay
BTC-Mining: Just stating it would be possible
to make a database public and official without
the need
to release a private key
to forge different sets of data.
BTC-Mining: Honestly, I don't expect anything
that extreme, mircea.
BTC-Mining: As long as issuers keep
the accounting and putting
the BTC aside for when
that data is released.
mircea_popescu: honestly, i
think if nefario came out right now and said he's releasing issuer data in april
mircea_popescu: and you depend on
the entire system surviving by itself for six months
BTC-Mining: So only issuer has access
to data for each holder.
BTC-Mining: The decrypted data containing a per issuer data with further encryption with
their public key.
smickles: it's not about you being dead, it's about you being abducted by
the reptillians
BTC-Mining: A special database, with it's own key pair. You make it available for download, encrypted with
the database private key.
The public key for it is released after 6 months without resetting
the counter on it. Signed with
the exchange's key so we know any data decryptable with
that public key is from
the official source.
mircea_popescu: BTC-Mining nothing's
the problem wit hthat, but it's not part of
the db dump line :)
mircea_popescu: just,
the natural inclination of people is
to
think in
terms of,
this db dump is for if i die. not what it is for. it's for if govt confiscates interwebs.
mircea_popescu: it'd have
to be released as a per-issuer section, encrypted with
the issuer's public key.
mircea_popescu: still, you know, a raw db dump isn't
the right way
to do
this.
BTC-Mining: yeah, I mean, just for covering
the case of all people with access
to MPEx suddenly being incapacitated
to keep-through with
the business, data could still be released.
BTC-Mining: But
the idea is
to be able
to release confidential data. And only if you disappear, an automated process
triggers because a
time limit is not reset and it releases
the public key for decrypting
the database.
BTC-Mining: But what's
the issue with encrypting with your private key with a public key for decrypting
the data?
mircea_popescu: he figures by
the
time she breaks it he'll know for sure.
BTC-Mining: And sign
the public key for
the database with
the exchange's key.
That way people know if
they decrypt it with
that public database key, it was a statement encrypted with
the official backup private key.
BTC-Mining: well... public key... private key... how about other backup keys where
the private key is never disclosed and
the public key
to decrypt
the database is only disclosed in case you disappear?
mircea_popescu: anyway,
the system is pretty well designed for expansion. in
the future i might generate a special key just for db signing, and put it somewhere safe
smickles: hey, i said
the idea was half-baked :P
smickles: what would
the use of a stat be if
the exchange were down
tho?
mircea_popescu: a week later
there's fifty billion fake stats floating around
mircea_popescu: think about it,
the exchange key is released
to decrypt db
smickles: i was
trying
to
think of a situation where you are inaccessable some how, and you have
the exchange key released
to
the public so
that people can get at
the data
smickles: Oh, i feel like i completly understand
the backup aspect of it
mircea_popescu: making
the entire
thing much more resilient
to attacks.
mircea_popescu: the advantage of
this scheme is
that backups can now be obtained from both known *and unknown* sources
mircea_popescu: suppose for a moment
there's an uberconspiracy of like,
the reptillians