log☇︎
1025000+ entries in 0.845s
mircea_popescu: just a little silly at times.
mircea_popescu: Chaang-Noi is just front and center in pretty much any drama, but other than that it's not clearly proven he's dishonest.
BTC-Mining: The price of bitcoin more than doubled since it IPOed and mining difficulty has been raising accordingly
Ignatius-otc: ok ty for the link
Ignatius-otc: I would normally just do the work myself mp, but I have already went on a wild goose chase once today. To read about Chaang and his glbse "scandal". Wasn't worth my time and didn't prove Chaang dishonest or doing wrong.
mircea_popescu: BTC-Mining why is the price currently low ?
mircea_popescu: https://bitcointalk.org/index.php?topic=35775.msg699659#msg699659 you can start there Ignatius-otc
Chaang-Noi: yeah i think i did well
assbot: GIGAMINING [1@1BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.18 BTC. Total: 0.23490096 BTC. (23.5%)
BTC-Mining: Didn't gigamining IPO at 1 by the way?
assbot: Requesting data from GLBSE (might take a while).
BTC-Mining: yes, yes... and you're completly ignoring why the price is currently low and declare it as a linear loss of value
mircea_popescu: tomorrow about this time kakobrekla
Ignatius-otc: Next time you are looking at one mp, please forward it along.
Ignatius-otc: I fail to see a direct connection showing collusion by GLBSE staff.
assbot: FUTUREFUND [1@0.0001BTC] paid: 1.625E-5 BTC. Last price: 0.000116 BTC. Capital gain: 1.6E-5 BTC. Total: 0.00003225 BTC. (32.3%)
assbot: Requesting data from GLBSE (might take a while).
mircea_popescu: half yer money in a year, who can argue with that.
mircea_popescu: the future's outside the scope of this conversation.
BTC-Mining: don't forget that GIGAMINING is not completly fixed, it upgrades
mircea_popescu: -17% in 4 months is not so bad, given the alternatives on glbse.
mircea_popescu: 41 the man says, but you got a point there.
assbot: GIGAMINING [1@1.5BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.68 BTC. Total: -0.26509904 BTC. (-17.7%)
assbot: Requesting data from GLBSE (might take a while).
mircea_popescu: and this clearly is a flawed business model.
BTC-Mining: glbse clearly state they're not regulating what's getting on the platform and to investigate the issuer yourself
mircea_popescu: o dude i dunno, there was this guy that came and stole your money in my house ?! odd dood...
BTC-Mining: Was any of those asset issued by Nefario?
mircea_popescu: this if we look the other way and pretend to not notice that giga's thing went from 1.5 to .8 in the time it took it to pay ~.2 in dividends.
mircea_popescu: add it all up, it comes up to more than the most recent pirate thingee.
BTC-Mining: It's a beta... it's not even supposed to be finished yet...
mircea_popescu: BTC-Mining i would like better run platforms tho.
mircea_popescu: more than 100 less than 1k.
mircea_popescu: kakobrekla im actually starting to suspect more than glbse. a bunch added this month, too.
mircea_popescu: dude, it's just funnay. you've been trading with yourself to give the appearance of volume to that turd of yours, and now you accuse me of doing it ? lol.
Chaang-Noi: selling and buying my debt to make money is differnt than faking volume to make it look like i ahve volume...
mircea_popescu: what teh fuck you talking about lmao
mircea_popescu: weren't you just telling about how you're pushing your own silly cvasi-fraud ?
Chaang-Noi: you moving stocks back and forth to your account is not "volume"
mircea_popescu: even giga's etf does more volume on mpex than on glbse.
BTC-Mining: GLBSE is still beta software, it's not even technically released yet...
Chaang-Noi: lol okay im done with you, if you need to lie to sound importnat i wont talk to you, just like i wont talk to d3
mircea_popescu: not even the highest volume one, at that.
mircea_popescu: Chaang-Noi you realise glbse is currently one of the mpex brokers and nothing else ?
mircea_popescu: but hey, last guy in turn off the lights.
Chaang-Noi: better than porn site mpex
MoneyIsDebt: also it's being registered in the UK
Chaang-Noi: at least it has that
mircea_popescu: it has the volume of a limp duck.
Chaang-Noi: oh lol, it is still 10,000x more active and useable than anyhting else
mircea_popescu: well, it had a good run. two versions and all.
Chaang-Noi: i assumed this would happen
BTC-Mining: Aye, well with the pirate mess, not much trading anymore
mircea_popescu: it did lose a lot of volume this month didn't it.
MoneyIsDebt: got more volume than anything on glbse
MoneyIsDebt: well, it's pretty much the only thing to daytrade
Chaang-Noi: im fine with that sale at .1
Chaang-Noi: anyway only 300 shares and pirates not going to pay anyway
Chaang-Noi: i wanted to list at .30 but i fucked up and did .03
mircea_popescu: lmao what is this tygrr bond bs ? 50 btc @ 0,31 half hour ago, now .1 ?
gribble: Best bid: 10.72, Best ask: 10.77999, Bid-ask spread: 0.05999, Last trade: 10.77999, 24 hour volume: 29744, 24 hour low: 10.6, 24 hour high: 10.93199
BTC-Mining: Which would match my personal investment, making the loan 50% of the total
Ignatius-otc: gotcha, thank you
Ignatius-otc: Any idea how much room for ivnest that actually is, in btc terms?
BTC-Mining: Possibly, as long as the total amount loaned from BTC-BOND is equal or less than 50% of the total amount of investments made
Ignatius-otc: BTC-Mining: what are your intentions for BTC-BOND when the available shares are all sold, will you issue more shares?
mircea_popescu: buying into the selloff ?
BTC-Mining: At this rate I will own all BTC-Mining shares =/
Wolf_L: FOR THE WORKERS
Wolf_L: He will not settle for less than what the people are due.
Wolf_L: Chaang-Noi continues to fight the good fight
kakobrekla: i guess if there will be more longer blocks
kakobrekla: well its only affecty by odds of occuring tbh
gribble: Best bid: 10.7, Best ask: 10.7699, Bid-ask spread: 0.06990, Last trade: 10.7699, 24 hour volume: 30969, 24 hour low: 10.6, 24 hour high: 10.93199
mircea_popescu: as the odds of a phenomenon occuring go down, the variance in it's observation goes up. not in fixed proportion, but still, monotonous growing function.
mircea_popescu: i think it's basic statistics tbh
mircea_popescu: if you do 100million tickets/hour and odds are 1:100mn you might have to wait a day and a half.
mircea_popescu: if you do 100 tickets/hour and odds are 1:100 you might have to wait two hours.
kakobrekla: but you have more people pulling tickets
mircea_popescu: if it's 1 to 10 billion well... getting lucky might take a long long time.
mircea_popescu: basically what's difficulty ? it's pot odds. with low diff you have a 1:100 chance to win the pot. with higher it goes up, 1:10k etc
coingenuity: have seen some close to it
mircea_popescu: with a diff of 2trn we might see three hour blocks.
mircea_popescu: this might actually be the main flaw of birtcoin so far.
mircea_popescu: as difficulty goes up i think time variance will also increase.
mircea_popescu: well actually there was one ~52 minutes last week.
mircea_popescu: all the asics
mod6: i was around for all three, didn't get burned by any either.
mircea_popescu: people always think they know better than anyone.
mircea_popescu: coingenuity onefixt for instance was trying to get them since forever to up the security
mircea_popescu: o hey! so 4 then.
coingenuity: i abandoned it since i thought bitcoinica was a crappy platform
mircea_popescu: that's not a burning that's a light warming
mircea_popescu: so then that's 3.
mircea_popescu: chmod755 well maybe not quite that extreme, but... still. someone should drop sera j a line
mircea_popescu: i was talking with toffoo yest, sorta collecting people who didn't get burned in this, bitcoinica and mybitcoin
coingenuity: nah, not involved in the pirate thing at all lol
coingenuity: and i saw him do it to a bunch of other people as well... so feh
mircea_popescu: i thought it was fallout from the entire pirate rthing
coingenuity: i don't really like that