1032100+ entries in 0.723s
mircea_popescu: the main difference here is
this : mtgox and
the pprocessors are all stuck with one foot in fiat.
EskimoBob: sure
they are but
this is another story
EskimoBob: mircea_popescu: i was laughing at your "companies worth millions, like
the couple on mpex"
mircea_popescu: companies worth millions, like
the couple on mpex,
they have a very vested interest
to fight it out.
EmanuelDeOrtego: Anyways,
there's 10 million dollars and a corporate interest away from a
totally defunct Bitcoin network.
mircea_popescu: there's never not going
to be mining.
that's done. moving on.
mircea_popescu: mining had value up until last year, when
this point was still being established.
mircea_popescu: wherther
the network exists or not,
that's no longer dubious. you understand
this ?
EmanuelDeOrtego: As long as
the network exists, a Bitcoin will be worth at least a nickel.
EmanuelDeOrtego: What makes and destroys Bitcoin in
the end is its network.
mircea_popescu: the companies
that make money no matter what are infrastructure.
mircea_popescu: you
think miners are infrastructure ? bs. miners are dust. anyone can mine. mpex is infrastructure. satoshi dice is infrastructure.
EmanuelDeOrtego: You can't buy out Bitcoin without owning all
the infrastructure.
mircea_popescu: maybe a new wife, if she's either well used up or else 2nd
tier.
mircea_popescu: but at any rate,
tech early stage investment is reserved for people with millions.
mircea_popescu: money.
talks. internet personalities like
the ex stock broker raising 12k nut here...
they don't get a voice.
mircea_popescu: numbers are 15
to 20x forward PE for a successfull
tech company
that dominates its new niche
mircea_popescu: if people hurt when
they were being ridiculous we'd run out of drugs
mircea_popescu: wah wah i can't do math, wah wah i have no money, wah wah
take me into account wah wah
EmanuelDeOrtego: I see no reason for it. We have
that BitInstant credit card and Silk Road volume keeps going up.
EskimoBob: pickett_: ltc PPT was closed last week and everyone was paid. But
this was really small ppt fund one of
the zeros was closed and paid
too but I
think
they had
the BTC available
mircea_popescu: maybe we'll just sit right under it for
the rest of
the month.
gribble: Best bid: 9.51, Best ask: 9.51989, Bid-ask spread: 0.00989, Last
trade: 9.51, 24 hour volume: 282175, 24 hour low: 7.58, 24 hour high: 10.5
mircea_popescu: but anyway, i have a couple meetings
to attend, catch you all in a little bit.
mircea_popescu: blue chip are
these elite companies
that make up
the nyse stock index.
btcoin: ok, i see FAQ, looks complicated. 20BTC account fee!? OK not doing
that, just wanted
to buy baybe 1000 shares only. flag
mircea_popescu: brendio used
to do
that i
think, possibly smickles
too.
mircea_popescu: or else find someone who is willing
to broker for you.
mircea_popescu: a ok. well in
that case you'll eiher have
to read
the faq/make an account
btcoin: I dont normally do anything, I have no idea about any of whats going on on
that page
btcoin: how do you do
that? Confused
bitfoo: well, I mean
the first 1000 BTC
BTC-Mining: Patrick can't handle
the kind of money Pirate handled
tho
bitfoo: ...if it doesn't by
then
bitfoo: your passthrough will probably sell out
the moment pirate returns funds
BTC-Mining: Although I'd prefer
the first option,
the second being just for
the heck of it
BTCHero: Well
there should be like, off
the book bids
that don't go on until you get dividends or sell something
BTC-Mining: So I guess
that would greatly reduce lack of bids
BTC-Mining: Well would allow
to place as much bids as you wish based on your
total amount as
the max...
BTCHero: incase something sells buy
this
BTCHero: oh, yeah
that would be cool
BTCHero: what? do you mean like buy shares with btc
that aren't in my account? I don't understand
mircea_popescu: BTCHero well soon
there will be
the ability
to bid w/o reserve i understand.
BTC-Mining: It needs
to be in 100 BTC increments however, I can only deposit/withdraw in such increments
BTC-Mining: But probably not full price, I would need
to get
that covered with my own BTC
BTCHero: BTC-Mining: are you going
to put up a bid wall or anything
to improve liquidity?
BTCHero: yeah, i am out of
the loop
bitfoo: oh,
that's starfish bcb
bitfoo: I guess we're not
talking about
the same
thing?
BTCHero: By default, accounts are compounding. For accounts greater
than 10 BTC a weekly interest payout option is available.
bitfoo: BTC-Mining: your pass
through has limited space right?
BTCHero: he said he would reasses after
things settle down
mircea_popescu: i got an acct maybe a week ago, so i dunno. maybe it's new
this closure.
BTCHero: because i don't get paid, i just watch
the balance go up :)
BTCHero: well, i don't know what
to say
BTCHero: it reinvests by default i
think
bitfoo: I
thought
there was no reinvesting
bitfoo: there were lots of people clamoring for accounts
there
bitfoo: you should announce it on
the kraken
thread
BTCHero: because it sounded like he wasn't
taking more btc or more accounts at
the moment
BTCHero: he wasn't
taking new deposits right???
gribble: Best bid: 9.55, Best ask: 9.63407, Bid-ask spread: 0.08407, Last
trade: 9.63407, 24 hour volume: 279204, 24 hour low: 7.58, 24 hour high: 11.00382
gribble: Best bid: 9.98001, Best ask: 10.11634, Bid-ask spread: 0.13633, Last
trade: 9.98001, 24 hour volume: 281854, 24 hour low: 7.58, 24 hour high: 11.19796
dub: oh, is all over
the place, ignore me
Doffx: So I basically want
to buy in and hope
the price goes lower
Doffx: Ok, lets see
then.