1006000+ entries in 0.754s
BTC-Mining: 2823.6BTC
total revenue from
trading fees
BTC-Mining: Sounds awfully wrong since GIGAMINING alone sold 40k bonds at 1 BTC or more and had like
twice
that volume.
BTC-Mining: [01:17] <mircea_popescu> 35911.75164BTC
total volume
smickles: it said "Accepted c5b1c47c.155918dc" and for a moment, my heart raced as i
thought i hit a block
smickles: lol, for
the fun of it, i fired up cgminer and pointed it at my client,
Ukto: i somehow dont
think I was :P
Ukto: i havent logged in since my account was emptied from
the "hack" in may
Ukto: still didnt enable password recovery
though :/
Ukto: so did nefario open
things up ?
dub: gak, I want
to shoot
thos imgur commenters more
that I want
to shoot everyone on btctalk
Diablo-D3: oh fuck comments already go straight
to south park
smickles: mircea_popescu: is
that
the one
that is similar
to wherewolf?
Diablo-D3: not sure if
they're just inept or
they're in
the bank's pocket
mircea_popescu: Diablo-D3 prolly a pretty penny
to be made from sueing
then
Diablo-D3: they claim "to prevent fraud", but
the only fraud going on is
their actions since
they already signed
the papers
Diablo-D3: banks maliciously reverse loans within a week after
they credit check you a second
time
[\\\]: That's what
the AMEX is for
[\\\]: but if it drops
to $2, I'm gonna buy 50k btc
gribble: Best bid: 12.00104, Best ask: 12.05, Bid-ask spread: 0.04896, Last
trade: 12.05, 24 hour volume: 27195, 24 hour low: 11.8029, 24 hour high: 12.19
smickles: rdponticelli: if i need
to raise funds, you'll be
the first one i make an offer
to, m'kay?
rdponticelli: You're supposed
to raise a
ton of money and run away
smickles: i sold some btc earlier
to pay licensing and registration fees
smickles: and
this is where my accounting company will start
smickles: < dub> pirate pays out
tomorrow, smickles pays out
tomorrow.... coincidence? <<< lolwut?
BTC-Mining: It was due
to GLBSE being quite spread up
bitcoinbear: I refused
to bid out more
than 4 significant digits
thestringpuller: Like if you won
the lottery,
then put it all on double 0 at
the casino and won again. But
then again I guess it's all "casinoing"
thestringpuller: I don't know if you've ever seen
the Chappelle Show, but
there was an episode where
this guy came into a lot of money, played a dice game, and won, so he had
tons of money.
mircea_popescu: thestringpuller playing satoshidice isn't investing
tho.
bitcoinbear: anybody want
to buy 10 BDK.BND shares at
the low price of 0.08?
mircea_popescu: thestringpuller actually
these days casinos are doing very poorly.
thestringpuller: Don't casinos make a lot of money mircea_popescu? Like Las Vegas for instance,
the Bellagio just rakes in money.
BTC-Mining: mircea,
that's exactly
the point, it's not casino odds if a mining asset pays for x each week but
the randomness makes it go 50% under
the market rate per mhash
then a few days later 50% over market rate.
bitcoinbear: I wish he would move faster so we could just be done with
the whole
thing
mircea_popescu: thinking going
to
the casino = participating in
the economy is damaging.
bitcoinbear: like nefario said, it was meant
to be a
toy
mircea_popescu: the continuing pretense
that it did however, was very harmful for everyone.
mircea_popescu: had nothing
to do with btc finance, or finance at all.
bitcoinbear: but you could make money off
the randomness
mircea_popescu: so not for a second do i consider
that "market" in any way related
to any economics.
mircea_popescu: actually,
take mpoe.etf. a DAY before it being unwound (at like 1.2x)
BTC-Mining: when
the bid-ask spread is 10% - 80% and
the
trading fee is 0.5% but only for
the one selling/buying into orders...
thestringpuller: BTC-Mining isn't
that how market makers make
their money, via
the bid-ask spread?
BTC-Mining: Most shares sold and weren't
trading much afterward
thestringpuller: for something
that didn't have a lot of market depth, GLBSE had a sizable volume of outstanding shares.
BTC-Mining: It's not casinoing if
the asset has a base value
through profit sharing.
The wild price fluctuations just make it much easier
to buy below market value and resell it far above market value.
bitcoinbear: him
trading helps decrease
the spread (somewhat), making
the market more stable
mircea_popescu: otherwise, im sure plenty of people made money bilking
the idiots who
thought
they're investors.
mircea_popescu: right. from a macro perspective
the
thing was harmful.
mircea_popescu: yeah. if you go
to
the casino and make a lot of money your wallet might not complain
BTC-Mining: My wallet didn't find it
to be a problem at all.
BTC-Mining: I was getting almost pirate rates without
the pirate stocks.
BTC-Mining: Hey... GLBSE was
the best
trading platform (not for investing, for making
trades)
mircea_popescu: course, sucks for all
the people who wouldn't listen / knew better / whatever.
mircea_popescu: thestringpuller well,
tbh, relieved. it was
the main
threat
to having a btc finacials market.
the longer it dragged on
the worse it was.
thestringpuller: You've probably been asked
this many
times before mp, but how does GLBSE being shutdown make you feel?
thestringpuller: The second glbse went under I sold a bunch of bitcoins,
then waited and bought
them back at a cheaper price...
thestringpuller: gonna
take months with my professor helping
to get a single "chip"
thestringpuller: It's
tough I just started writing
the verilog based on a paper I read
mircea_popescu: you're not
the only one calling me mp lol. and as long as
the computer's on i have irc going.
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