1011900+ entries in 0.79s
OneEyed: Did anyone see any ASIC-like increase in hashpower, be it on mainnet or on
testnet?
Eisenhower34: "you
think
this is huge ?" " i have bets with people claiming > 100
th in
the coming months" <- Cpt Obvious
to
the rescue!
mircea_popescu: you said huge increase, i said it's possibly not even
that huge. what's
the issue ?
Eisenhower34: I only say
that you stated
the obvious which doesnt really deserves any answer
mircea_popescu: after all,
the system doesn't care where you get your hashing, it's all fungible.
mircea_popescu: Eisenhower34 im just saying, people are betting
this. if it comes
true,
Diablo-D3: its just going
to be a pretty scary ratio
Eisenhower34: micea You know
the answer yourself... and you should know
that you cannot really compare asig
TH scale iwth GPU GH scale, same as you couldnt compare GPU <-> CPU MH scales
mircea_popescu: i have bets with people claiming > 100
th in
the coming months
Eisenhower34: but who would have expected
that huge difficulty increase
the past few weeks
Eisenhower34: All i say is
that mining isnt lucrative right now, not if you buy
the equip yourself and not if you buy bonds
Eisenhower34: EskimoBob its
the same when you buy mining equip yourself...
Eisenhower34: BTC-Mining,
the problem is not
the small "interest" you get, its more
the dramatic price drop
mircea_popescu: BTC-Mining arguably
they also do a lot more of
the work
BTC-Mining: Because actual miners have a much larger profit
than actual bond holders (especially fixed)
Bugpowder: Also, has nefario executed a single adminitrative duty on GLBSE in
the past week?
mircea_popescu: OneEyed heh. bitcoin is literally
the only currency in
the world atm.
OneEyed: mircea_popescu: because since July I've
tried
to convince myself of
the usefulness of bitcoins, and I'm still not much convinced. I've seen almost no use except for
trading.
Eisenhower34: not
those who kept
their btc in a cold wallet.....
OneEyed: usagi: you say
that like it's a good
thing
OneEyed: And I can start
the cycle again and limit my € losses
Bugpowder: Well... I have only been following it for a month... can we plot
the decline in volume somehow
OneEyed: usagi: so you're saying
that BMF is a good investment now, but how can you say it has been a good investment between May and now?
BTC-Mining: Difficulty adjusts itself... less bitcoins will be entering
the market, especially after
the block halving.
OneEyed: If I had $500
then, I would have $1000 now by having bought
then sold bitcoins.
mircea_popescu: Bugpowder nov 1st,
that bad ? i was
thinking a quarter or
two myself.
OneEyed: (I'm not
talking about
the future, I'm
talking about
the
timeframe from May
to now
that you
took as an example)
OneEyed: You still don't answer: wouldn't it have been best for investors
to have kept
their BTC out of BMF into a cold wallet?
They could resold
them for a better profit
than if
they went in and out of BMF, isn't it?
Bugpowder: BTC-Mining, Sorry I'm sticking
to MPEX securities, I don't
think GLBSE will be around by Nov 1st.
OneEyed: It was best for
them
to keep
their bitcoins out of BMF, right?
OneEyed: That I understand. But was it best for investors
to invest or not
to invest in your company in
this
timeframe?
BTC-Mining: Eh. By
the way Bugpowder, you know BTC-BOND offers a vast portfolio in front of loaned funds
to prevent any loss? I also honor withdrawal upon requests.
OneEyed: I'm not saying it's your fault. I'm saying
that I don't understand how it can be considered
to have gained value.
OneEyed: The fact
that you seem
to consider a gain as a loss because when you convert
to USD (which is not everyone's currency btw)
this shows a gain?
OneEyed: usagi: none, I haven't invested with you, nor accused you of anything, you must be confused. I only asked questions when I didn't understand your answer
to posted facts. Check your logs :)
OneEyed: usagi: I don't bother hashking? I even filed *criminal charges* against him
to get my money back!
fimp: where does one create a new contract on GLBSE? I don't see
that option anywhere
OneEyed: I'd
tend
to agree with EskimoBob here. I'm fan of "don't attribute
to malice what can be explained by stupidity", but in
the bitcointalk world it looks like malice is often present
mircea_popescu: "tony rocky horror shoulda fucken known better" in
the immortal words of
Bugpowder: the color of
the undies when
they realize
they lost all
the invested coins again
BTC-Mining: Or I might be wrong but I'm pretty sure you
tagged
them as scammers numerous
times.
mircea_popescu: BTC-Mining
the difference between wilful and incompetent melts away in some cases
BTC-Mining: Usagi, DMC, etc. Scamming is
technically
the willingful conning of money for keeping it for yourself. In
their case you believe
they are incompetent which is not willingful or
taking money for
themselve, yet still go around
tagging
them as scammers.
OneEyed: mircea_popescu: come on, we're
talking about GLBSE,
there is no way
to make big bucks with such low liquidity, you know it :)
OneEyed: I just fill
time between compilations and
test runs
mircea_popescu: unless
there's a way
to safely
take 10k usd + bets we are just dicking around
OneEyed: Well, yeah, 10€, not much, but it
took no
time and no energy, I just like
that :)
OneEyed: Sold
them for 104 * 0.04 = 4.16
BTC-Mining: But
true enough, some OP dismiss anything other
than "Let me give you all my money" as
trolling.
BTC-Mining: EskimoBob, although most people who present facts/ask questions are often dismissed as
troll on
the forum. In your case, it's kind of understandable. Incompetence is not equal
to scamming and you keep harassing people as scammers when you believe
they are incompetent.
OneEyed: Nah, I just went out of GLBSE, I went back in
to get some very cheap ones, I won't buy at more
than .03, I'm sure someone will sell :)
OneEyed: I
think he will pay much more
OneEyed: If Kluge can reimburse (and it looks like it will), you'll get much more
than
that by holding
them if you can't get a good price anyway!
OneEyed: Eheh :)
The 104 ones?
Thanks :)
Bugpowder: couldn't exit
the whole position cause volume is
too low
OneEyed: Bugpowder: I know. I bought some at 0.03 before going
to work, and sold
them at 0.04 right after, easy +30%…
mircea_popescu: most of
the hardcore glbse fans are literally -50% every quarter
mircea_popescu: Bugpowder lol 2-3% is a lot better
than what people are doing
Bugpowder: BDK.BND appears
to have assets
that support a NAV of 0.059, according
to his spreadsheet.
Bugpowder: I'm like slightly annoyed
that I keep loosing 2% here 3%
there, but at least I have gotten out of almost all
the bullshit
Diablo-D3: mircea_popescu: nope,
technically I shouldnt even
talk about it
Diablo-D3: its
the only reason why Im a mod and not an admin
Diablo-D3: you're missing out on
the shitstorm in
the staff forum
Diablo-D3: Chaang-Noi:
too bad you arent a forum mod like me
Diablo-D3: maged is pissed over
the whole
thing
Diablo-D3: which also means all glbse links get automatically scammer
tagged
too
Diablo-D3: Chaang-Noi: because he refuses
to return
the coins he stole from you
Diablo-D3: nefario is going
to end up with a scammer
tag
Chaang-Noi: and
then maged covered for him and called a misunderstanind
Chaang-Noi: maged
told me i was going
to banned unless i did something he demanded in 48 hours...
Chaang-Noi: i
tried
to do a good
think with glbse and
the btc assets stuff
mircea_popescu: Chaang-Noi are you like
this when you're drunk or when you're sober ?
assbot: BMF [1@0.49BTC] (since: 2012-10-01) paid: 0.00199044 BTC. Last price: 0.48 BTC. Capital gain: -0.01 BTC.
Total: -0.00800956 BTC. (-1.6%)
assbot: Requesting data from GLBSE (might
take a while, also might return fishy results as it does not account for splits etc).