log☇︎
120700+ entries in 3.044s
smickles: hmmm, i don't think any of the loans i've made > 100btc in value have defaulted
copumpkin: no, I don't
copumpkin: tiberiusiv: I haven't really seen particular evidence of that, and he's not extrapolating unnecessarily, which are doing
copumpkin: MJR_III: he's ignored you. Your messages don't get through to him (if you haven't used IRC much before)
copumpkin: the most annoying thing about /ignore is that people keep talking about how they can't see what someone is typing :P
bgupta: I mean literally I can't see what he is typing.
MJR_III: the main problem with tiberiusiv is that he doesn't just shut up and short bitcoins, if he is so bearish...then put your money where your mouth is and go short
MJR_III: copumpkin: he doesn't know that
copumpkin: tiberiusiv: you know that someone who disagrees with you isn't automatically poor or stupid
bgupta: I don't trade currencies so not for me.
bgupta: Ah so you have to use it to short in their trading system.. you can't borrow it for other reasons.
copumpkin: tiberiusiv: I can't remember now, it was ages ago
bgupta: MJR_III not to interupt this retardedness, but what are the requirements to borrow at 12%? IE: How do they know you won't abscond with the coins?
MJR_III: no you don't
MJR_III: but you aren't paying in dollars
MJR_III: you CAN'T
MJR_III: i don't think you understand how the free market works
MJR_III: ok...but a lot of people don't seem to want to lend their bitcoins
MJR_III: there aren't 21 million bitcoins yet
MJR_III: you can't pay that back
MJR_III: i don't think you understand how speculation works
MJR_III: i probably wouldn't short
MJR_III: i don't think you understand how apy works
MJR_III: yeah...you are totally right tiberiusiv i can't make money selling at 97 and covering at 80
MJR_III: also...bitfloor has not had these issues...they didn't have a huge dropoff and they have maintained the price...mt gox injects a ton of uncertainty into the market with their horrible matching engine
MJR_III: why don't we just mail our orders to gox
copumpkin: it's just that it isn't very prevalent
copumpkin: the growth wouldn't be as extreme
MJR_III: also...i don't think that the charts are keeping up
Namworld: my transaction just ain't confirming...
asciilifeform: if every time you carry out a transaction God transmitted it to every BTC user simultaneously, this scenario would not apply. But this isn't how the network works.
mircea_popescu: probably difficult to digest, but i don't. i'm strictly interested in thinking things through and implementing them correctly.
mircea_popescu: i honestly don't care.
mircea_popescu: i still don't see who'd care or why'd it matter. at all, like.
mircea_popescu: one that's not run by retards who apparently can't get 20kw installed in one place or whatever the fuck.
mircea_popescu: i wasn't counting myself either.
asciilifeform: mircea_popescu: most Americans can't tie their shoes. Doesn't stop the remaining ones from, well, buggering the planet raw.
mircea_popescu: the devteam doesn't know which side is up sufficiently to test its own code.
mircea_popescu: asciilifeform dude. bitcoin people don't have the intellectual wherewithal to wipe their own nose.
Namworld: or otherwise I don't know why
Bowjob: I can't find my tx on the block
Lyspooner: the forum record hadn't been broken since 2011
Namworld: Bowjob: I'm having the same problem. I sent a transaction but I don't see it on blockchain.info
mircea_popescu: <jurov> can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop << WHAT
jurov: can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop
thestringpuller: I don't think it's quoting to charts
jurov: if that isn't happening already
jurov: Cylta, mtgox won't be crashed "technically". instead some clever folks will feed it few indigestible orders
smickles: well, not offline, just stops selling/buying *T
Namworld: because people can't see the price and panic buy/sell
smickles: they just have a trading engine which can't keep up
Namworld: actually what WOULD happen (which it won't) is the option would be executed at a profit, but money taken from the collateral.
thestringpuller: the bot can't exercise against itself so nothing happens?
smickles: they will be the T puts soon
smickles: Cylta: mp has said befor that he doesn't intend to sell
mircea_popescu: wasn't he running some glbsesque asset ?
bowjob: What I don't understand is why someone would cash out to fiat
smickles: oh, noes, i can't fetch mtgox depth
bitesak: I don't see any cancel button in dashboard. There is detail and Copy Order...
taub: haven't tested it yet
TomServo: Don't think I've seen it that high yet.
pgp: funny thing is that I shorted on bitfinex and now I can't even get to the fuckin' site!
taub: $5 isn't really that much considering it's at 90
ThickAsThieves: please don't
gribble: smickles was last seen in #bitcoin-assets 6 minutes and 7 seconds ago: <smickles> couldn't be
thestringpuller: why you sending me youtube videos if you don't have flash :P
smickles: couldn't be
mircea_popescu: no, just stops quoting t's.
pgp: i wouldn't be surprised to see a selloff down to the 60's
mircea_popescu: http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=2&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
smickles: on gox that wouldn't have gone so far
mircea_popescu: i can't stand julienne moore
pgp: important lesson from youth - don't bite off more than you can chew...
deadweasel: they don't have the staff or know-how to keep the whole venture together.
burnside: I missed a pretty good conversation earlier. <mircea_popescu> Namworld you're confusing things tho. burnside isn't touching fiat afaik.
mircea_popescu: it probably won't even use it for anything.
abracadabra: isn't that like ixcoin or something?
jurov: mtgox doesn't accept anime? or at least hentai?
smickles: Chaang-Noi: well, the whole world being told about bitcoin being 'hilarious' isn't so nifty
smickles: In other news, my daughter is pissed at this plastic chain. she put it together, but can't yet figure how to take it apart
smickles: wow, isn't that an odd way of putting it
Bugpowdeer: you will be bitching then "I shouldn't have sold everything at $150!"
taub: I keep hearing that word, its just a scam isn't it?
splnkr_: i don't mean that
splnkr_: and can't lie that i'm more interested now that ever...
mircea_popescu: and it doesn't take much to puncture scammer "consensus".
splnkr_: or is there enough trading in other currencies that the USD psychological sell ceiling won't have that much of an impact?
pgp: haven't you heard? there are no "grownups" over there...
Bugpowdeer: I guess they haven't seen the latest numbers
deadweasel: my concern with coinbase is that they clearly don't keep your btc in a 'wallet' of your own.
Bugpowder: but haven't seen them in the past few weeks
Bugpowder: You won't lose money from a zero dividend
Bugpowder: i really don't see how bondholders are going to avoid a loss at this point
taub: and we haven't had a proper retracement since 60
bgupta: I'm missing something? You are betting that btc will hit 590, in the next 24 hours? (Don't trade the currency options, so not sure the pricing.)
bgupta: Well.. gold isn't used in commerce as payment
bgupta: Don't think it will ever get there..
toffoo: prolly won't have any trouble selling a few for RMB in this market right now either
mircea_popescu: "We have to keep our Intellectual Property protected and abide by NDA we have signed with chip manufactures so please understand that there are some things that I can't divulge, but I will try my best to answer any questions that you may have.
mircea_popescu: i ddin't realise it's a closed source model