120000+ entries in 3.291s
MJR_: they don'
t send armored trucks for all of them...i mean the small atms...the kind you find in a deli not affiliated with a bank
mircea_popescu: and they absolutely can'
t afford the human resources let alone the capital goods
MJR_: this volatility won'
t be foreveer
MJR_: if people wanted bitcoin we would have had it already...glad satoshi didn'
t think that
pgp: obviously, I believe in bitcoin... I just don'
t see that happening anytime soon... in 10 years...
MJR_: but bitcoin millionaires don'
t mind
MJR_: i don'
t see how they can lose money
pgp: I just don'
t see it being a profitable venture for these guys - that's all...
MJR_: the point is that as long as btc is only good for finance people, you won'
t get mainstream adoption
MJR_: yes, but what about people who don'
t want to keep their money in USD
MJR_: most people who spend money don'
t think of it as a forex transaction
MJR_: that is the point, you don'
t need to see btc as an INVESTMENT
MJR_: most people don'
t want to trade
pgp: most people have brokerage accounts - why can'
t you access those directly through an ATM?
MJR_: if bitcoin can'
t handle something that basic and mundane
MJR_: and most people won'
t be cashing out their whole savings...they want spending money and to let their wealth remain in bitcoins
[\\\]: just wiat until a government decides it doesn'
t like it
pgp: i hear your arguments, but my gut tells me that it probably won'
t work as smoothly as one would hope and the logistics will be a problem
MJR_: they won'
t if they are smart
MJR_: like i'm starting a bank, we don'
t need atm's?
MJR_: this is so obvious and simple of an idea that i can'
t even see why there would be a debate
MJR_: but i don'
t want to HOLD cash
MJR_: what do you do at a store that doesn'
t accept credit cards?
pgp: call me a luddite, but I just don'
t get it...
smickles: oh yeah, you ignored the
t-bone i was thinking of
smickles: are we talking about the same
t-bone?
smickles: heh, i'm poor, so i loose to
t-bone
smickles: i certainly don'
t have tits like hers
MJR_: funny that they didn'
t go on bitcointalk to respond
MJR_: they truly were a victim of their own success...they can'
t tell page views from ddos...
mircea_popescu: (which isn'
t to say they're not being hit, they are, but the two are unrelated)
MJR_: and he didn'
t sugarcoat anything
jcpham: can'
t tell if trolling or serious
mircea_popescu: if you're in the wrong island and that island doesn'
t solve blocks you don;'
t get in
bitcoin_raider: Are there any businesses which you would invest in that aren'
t exclusivley based on bitcoin ecosystem?
pgp: certainly possible, but I wouldn'
t be cheering for it... then bitcoin will really be at risk of being in a bubble
mircea_popescu: <damientrog> yeah isn'
t the report overdue? << should be today or tomorrow.
MJR_: it hasn'
t really gone wrong
damientrog: I don'
t see how a casino can go that wrong
MJR_: but real value of sdice hasn'
t dropped
damientrog: Erik didn'
t run off to Belize or something?
damientrog: I know this month won'
t be much in dividend, but is there something else going on?
sturles: Not really. You probably don'
t check it unless you know it is high.
mircea_popescu: none of them are calling unheard of whoever that guy is cause i don'
t know him
mircea_popescu: ThickAsThieves don'
t believe everything you read in the newspapers btw.
jurov: don'
t tell me mtgox can do this
mircea_popescu: sturles a little more than just the one line if you don'
t mind
mircea_popescu: either you don'
t at all understand the topic or are trolling me.
mircea_popescu: i still don'
t grasp why you imagine this'd make a difference.
sturles: mircea_popescu: Doesn'
t look like it. Seems to be USD only. Much of the trading on MtGox is in other currencies.
sturles: SIX doesn'
t provide API access to the entire internet. Can'
t compare it.
MJR_: i don'
t care, i've never traded there and we all know they suck...let's move on to the next topic
bitesak: the pertinent fact is slightly in between the lines. The statement doesn'
t quite instill confidence.
ThickAsThieves: The N options just turn into
T's at the end of the month, correct?
sturles: You are still comparing apples and oranges. SIX != MtGox. Not even close. In so many ways I don'
t even bother to get started.
mircea_popescu: this on top of the entire six doesn'
t come close to mtgox ?
mircea_popescu: don'
t be silly. there's no such thing. they query some service ?
mircea_popescu: it makes no difference. trades aren'
t a bottleneck. if the 2k orders result in 2k trades or 2k orderbook changes or nothing at all, it's the same.
sturles: mircea_popescu: And my home network is only 6 mbit/s, so I can'
t follow it during the DDoS sessions. To many order changes.
sturles: How many simultaneous orders do you think MtGox gets? My home network isn'
t able to handle their socketio feed of order book changes when the lag approaches 300s.
mircea_popescu: this is their engine choking, it can'
t process fast enough.
TradeFortress: gox orders do tend to fill more asks/bids, don'
t they?
mircea_popescu: the model doesn'
t work tho, they need a platform to trade on.
mircea_popescu: listen, just because you think it is doesn'
t make it so.
mircea_popescu: because there seem to be pretty huge disconnects here i can'
t quite bridge.
sturles: MtGox wouldn'
t be dreaming of their current volume if they converted to a traditional stock exchange model.
mircea_popescu: sturles you don'
t believe six handles more trade thoroughput than mtgox ?!
TradeFortress: but that doesn'
t make it something you should accept
sturles: And I don'
t believe SIX has more people talking to their API than MtGox. Not for a second.
sturles: mircea_popescu: You want something else. And you are free to make something completely different from MtGox if you think it will be successfull. I don'
t.
TradeFortress: most people aren'
t gonna get gpg to trade on an exchange. seriously
mircea_popescu: sturles you don'
t seem to understand that everything that works works like mpex.
sturles: Any exchange can copy the mpex and try that model if they think it wioll work for a publick high volume exchange with high liquidity and trading volume. I don'
t.
sturles: And they don'
t have to handle balances.
taub: yea, but that isn'
t the problem yet i think, they aren'
t nearly at capacity from a hw standpoint
sturles: But I don'
t think that would help much.
sturles: mircea_popescu: A good trading platform isn'
t something you can go out and buy.
mircea_popescu: before htey couldn'
t afford that, so i get it. but now the yhave the money to pay for it,