120100+ entries in 3.446s
taub: (M)agic(
t)he(G)athering?
sturles: A 100 Gbps DDoS isn'
t easy to handle for anyone. Reminds me of the Coudflare attack where the attackers went for their upstream providers and kicked out a few national IXes. I think that one was 40 Gbps.
mircea_popescu: it's really the story of slaves who can'
t find masters because they don'
t know they need them.
mircea_popescu: they have no skills, no ability and won'
t do any work.
mod6: mircea_popescu: it used to be that people didn'
t go into government service (unless .mil) until they were pretty successful in the private sector. Not any longer, its like people get out of school and they want to go right into government. What gives?
mod6: [\\\]: "I'm just glad your mother didn'
t live to see you become a mermaid." "MERMAN... MERMAN!!"
mircea_popescu: Adam Posen @AdamPosen (President, Peterson Institute for International Economics; member Bank of England MPC 2009-12; advises central banks & governments; proclaiming on policy daily) : #gold is the investment for silly people. #bitcoin is gold for people who don'
t save. Please make it go away. pic.twitter.com/UdbbxCiNXD
taub: doesnt happen often, but lately hasn'
t meant much either
dub: Bugpowder: what I don'
t like about today is api was still workign while web is down
dub: have you been to bitcoinland? I don'
t even want to think about the level of stupid you would need to get that low
Bugpowder: close down at the bottom, you don'
t get a bounce.
mircea_popescu: jborkl i am thinking : if they aren'
t well distributed (ie, concentrated in major dc hubs)
bgupta: so apparently anonymous took up mircea_popescu's call to pretect freedom by preventing the rise of bitcoin, but instead of selling btc as their methodology, they are ing usin g a ddos against mtgox. Hey if it can'
t trade it can'
t rise. ;)
pgp: isn'
t there normally more like $10MM on bid side?
[\\\]: mircea_popescu: you weren'
t supposed to notice
pgp: reagrding his 3rd point... aren'
t there plans to possibly prune the blockchain?
jcpham: ok so the link, the name of the article is "4 reasons you shouldn'
t buy bitcoins"
jcpham: there was an article from this week where Mark basically says mtgox wants coinlab to handle the US, they don'
t want to fool with anything in the US
[\\\]: they aren'
t doing anything at the moment
[\\\]: jcpham, that ain'
t soap
jcpham: i can'
t come up with this gold
dub: not that I have a problem with that in reference to MPEX, you don'
t want those 80% but an alt gox needs critical mass
mircea_popescu: dub won'
t happen, because people have absolutely no preference for quality.
mircea_popescu: they offered the theory that they don'
t need licensing because bitcoin
pgp: any insight into why they just can'
t license a matching engine...
dub: don'
t worry guys they are rolling out ltc and nmc
mircea_popescu: this is not acceptable. a buncha new kids don'
t get to run the town.
bgupta: As percentages go this isn'
t really that unusual for btc.. but with the increase in value a 10+ point spread seems wide
bgupta: Hey can someone explain what the story is with coinlab and mtgox? If I have an exisiting mtgox does that mean I can'
t trade, or it's a pain to transfer fiat in and out?
bitesak: unless they have been preparing this for a while, I don'
t think they will be having a bank account too soon
bgupta: weren;
t you just buying?
jurov: bugpowda i sold some at 117-120 and don'
t give a fuck about
mircea_popescu: let it simmer a little, it won'
t get too low, we come to sanity. k ?
Namworld: In 3 weeks... well we can'
t reach in 3 weeks because the price can'
t go there. It reaches upward to the infinite before 3 weeks from now.
mjr_: FFS, why don'
t we just mail them letters with orders
error4733: omg can'
t wait, it's like chrismas
TomServo: don'
t think you need the --au anymore.
jurov: and cloudflare won'
t help when 100k real ppl with real browser pound something
mircea_popescu: it just reads to me like "we dunno wtf is going on and have no clue that we don'
t know"
jcpham: guys just remember the bitcoin isn'
t rocketing up
Scrat: because making a trading engine that doesn'
t die with the slightest hint of traffic is ROCKET SURGERY
mircea_popescu: <thestringpuller> the coinlab deal can'
t happen << yeah
pigeons: what's the word on this bitcoin-central stuff? I haven'
t been following. i guess finally people won'
t use rails.
mjr_: i don'
t think most of the money showed up to the party yet
mircea_popescu: hey, people are starting to notice luke isn'
t really trustworthy at all ?!
Bugpowder: Why do I get the feeling that the reason the gox price is over 140 is because THEY AREN'
T CLEARING BTC DEPOSITS.
mjr_: KRS1337 that is the point...the network doesn'
t have to
mjr_: i just trust that you don'
t have the ability to double spend (not trivial)
mjr_: i don'
t need to wait
mjr_: so i don'
t think that is an apt analogy
mjr_: yes...but tulips didn'
t actually exist
bgupta: I tend to agree, that there is a share of people out there buying this shit with money they can'
t afford to lose. Including So EU folks. However, I do wonder if "real money" will at some point also chose to dip their toes in the water?
mircea_popescu: people with a clue priced out of the market by the lemming mania isn'
t quite as great,
mircea_popescu: that's not the point tho. the point is that people are buyingsomething they can'
t afford and haven'
t researched on the unfounded hope that it will "go up more".
mircea_popescu: the market cap hasn'
t been the limiting factor since mid feb.
mjr_: for exapmle, i'm western union...i can'
t move any signifigant amount of money over btc network
mjr_: phenomena where things that weren'
t possible become possible
mjr_: huh? that doesn'
t follow
mjr_: people who saw cnbc yesterday or the day before...they can'
t even get into gox for like 10 days maybe
mjr_: there is another goxlag that we don'
t measure quite as well
mjr_: its survival of the fittest, but that doesn'
t always mean pure ideas, that can mean influence
mjr_: but even so, someone releases their version and it works until it doesn'
t...issues arise and people vote with their feet and dollars
mjr_: but this cuts to the core of my point, everyone relies on software developers, unfortunately the software doesn'
t spring fully formed from the sea foam
bgupta: TradeFortress: bitcoincharts are down so bots can'
t quote
TradeFortress: mjr_ I still don'
t like how I can'
t use v0.3 or something. and not be able to get on the bitcoin network
mircea_popescu: a. i am your regulator, if you don'
t i'll fuck you with my nonsensical regulations
mircea_popescu: now the dems don'
t want to sell their own houses wives and daughters to pay for it
mjr_: i wonder...what would have happened if they hadn'
t...hard to tell at this point