log☇︎
1026400+ entries in 0.813s
rg: this dude in here told me about the auction
Chaang-Noi: yeah anyway they are cool
Chaang-Noi: gold on the back?
assbot: !ticker <ticker> (desc: returns current GLBSE/MPEX ticker values)
rg: gold on the back
rg: yeah its silver on the front
Chaang-Noi: its the silver colourd one?
rg: it says on the bottom:
rg: but the front seems
rg: i told -otc already but
gribble: A market order to buy 50000 bitcoins right now would take 573130.7010 USD and would take the last price up to 12.0000 USD, resulting in an average price of 11.4626 USD/BTC.
gribble: This order would exceed the size of the order book. You would buy 165687.65 bitcoins, for a total of 1115166798.0649 USD and take the price to 1000000000.0000.
gribble: A market order to sell 500000 bitcoins right now would net 1919584.4110 USD and would take the last price down to 1.1500 USD, resulting in an average price of 3.8392 USD/BTC.
gribble: There are currently 61844.237 bitcoins offered at or under 12.0 USD, worth 715198.703307 USD in total.
gribble: Best bid: 10.85, Best ask: 10.8889, Bid-ask spread: 0.03890, Last trade: 10.85, 24 hour volume: 101580, 24 hour low: 10.5, 24 hour high: 11.883
rg: SO how about that Bitcoin price increase
usagi: I don't want to compete with you
mircea_popescu: this chan wasn't this lively in months.
rg: go flood the forums
rg: stop all this shit
mircea_popescu: usagi i doubt you have better use of your time than to compete with me.
mircea_popescu: Luceo it's there.
usagi: I have no time.
Luceo: usagi: Do it then :P I'll use it
mircea_popescu: and this goes on for 1k sites over 2 weeks
mircea_popescu: suppose every time you put a site up for ppl to login you get ddos'ed within 30 seconds
usagi: I could design a system more secure than mpex that was easier to use
nefario: and on that note everyone goodnight
mircea_popescu: that's kind of the point.
usagi: The joke here is that glbse could do the same thing using user's passwords as keys
usagi: It's really the same thing.
usagi: Mircea...... the differe3nce here is that one system uses a password and one system uses a private key as a password
mircea_popescu: suppose the internet goes down forever.
rg: and nefario can continue to run his
mircea_popescu: suppose it's impossible to get them to login
nefario: GLBSE users are always claiming their accounts
rg: i think everyone should relax
JWU_42: getting sick of all this crap
nefario: so they do what they always do then
JWU_42: not this channel isn't #glbse or #mpex ;)
mircea_popescu: yes. after they claim it!
nefario: whats so hard about this to understand
nefario: people have their accounts back
mircea_popescu: SO NOTJHING OTHER THAN THE FACT. for christ.
nefario: and all the BTC
nefario: we've got all the account details
mircea_popescu: jesus why is this so hard to grasp.
rg: so we can stop arguing this point
rg: even the romanian secret service came and killed him
mircea_popescu: if mpex goes down the entire thing goes to p2p.
mircea_popescu: and i actually have measures in place for that to happen.
mircea_popescu: nefario it does exactly that.
usagi: If MPEX went down you couldn't do that
mircea_popescu: you have to put up a damned webpage going "hai user, pls to reclaim your acct with your pw"
nefario: mircea_popescu: unless your exchange publishes the balance for a user or gives them a signed balance every time a trade happens they can't piece together anything
usagi: And what would the use of that be
mircea_popescu: if all you have is account name/pass you CAN NOT DO THIS
mircea_popescu: and ONLY THE RIGHT PEOPLE could read it ?
mircea_popescu: do you understand that i can sign the whole database with each account's key and dump it in the open
usagi: The fact that it's signed is not relevant...........
rg: which is the opposite of what you're meant to do
rg: they just had them in the same place as everything else
usagi: You are saying on one hand that mpex could provide information but on the other hand glbse could not. it just doesn't make sense.
mircea_popescu: dude srsly. i'm not the one that's down half the time, stop being silly.
usagi: Same thing mpex woudl do
nefario: you get the backup
Chaang-Noi: i party as i only sell assets not buy them!
mircea_popescu: you have all this user info. what do you do ?
mircea_popescu: usagi yes. think for a moment. exchange goes down.
rg: which defeats te whole purpose
rg: it would hav the private key
rg: usagi: if it was signed on the backend
mircea_popescu: gpg is gods gift to people.
usagi: But I don't see the point of having to manually sign orders with gpg. That's backend stuff.
rg: in the long long ago
rg: the before time
Chaang-Noi: and then did not do it
rg: that's why they trade ltc
Chaang-Noi: yeah i saw that
rg: but no ltc traders have any real money
rg: those werent there yesterday
usagi: The point here is that glbse keeps that information in a different way. You do not NEED to sign it with gpg to make it valid or official.
rg: that's there too
Chaang-Noi: im glad i sold my 150k then :)
mircea_popescu: how do they sign ?
rg: that wasnt there
mircea_popescu: they can't sign with gpg seeing how they don't have the bloody keys.
mircea_popescu: what the fuck dio you mean "so" ?
mircea_popescu: usagi srsly. if you don't understand gpg and what it does / why it;'s imp[ortant you're not yet qualified to be a party to this discussion.
usagi: Whats the point of saying that?
usagi: Heck they can even sign it with GPG
usagi: GLBSE can just give everyone a snapshot of their portfolio.
rg: seen the btc-e order book?
usagi: You can't say that.
mircea_popescu: and dump the whole thing on p2p
mircea_popescu: ican just sign everyone's stats with THEIR OWN signature
mircea_popescu: again : if glbse goes down there is NO WAY for the user data to be shown in the clear.
rg: the fucking owner of the other exchange wrote it
rg: regardless of the content
mircea_popescu: usagi i clearly said to you : you make 7.5k on mpex and 1k on glbse. what's not clear about this ?