120800+ entries in 3.152s
bgupta: I kinda feel like btc is where it's at.. alternacoins don'
t interest me..
bgupta: haven'
t followed ripple too closely yet..
mircea_popescu: pigeons by the way, i wish to know why isn'
t ripple whipping the otc btc/usd traders into a huge behemoth of fury that wrests currency exchange from mtgox ?
bgupta: well technically I don'
t think burnside deals in USD? Why would he have to?
bgupta: Belize is on of those "Offshore Banking" countries that doesn'
t really deal well with the US
Namworld: Ah yes, burnside doesn'
t touch fiat.
mircea_popescu: Namworld you're confusing things tho. burnside isn'
t touching fiat afaik.
Namworld: The law, so far, doesn'
t care much about Bitcoins...
mircea_popescu: some people are working with it, some people aren'
t, but licenses nobody has.
bgupta: Aren'
t they basically at risk of being shut down for failing to register as a financial institution?
bgupta: err.. google checkout? they don'
t think that once google gets wind of it they won'
t just shut it down
bgupta: I'm wondering if their is a dark horse out there.. that we don'
t know about now.
bgupta: I know what they are doing is not trivial, considering that they aren'
t just mining
bgupta: Being someone who did a small scale GPU mining operation 2 years ago. I can say the power/cooling/space issues aren'
t something traditional ops managers can deal with, nor are traditional datacenters built for this kind of operation.. I had to get many additional power circuits pulled in.
mircea_popescu: toffoo well, suppose you got a hot chick ready and willing and you kept her waiting february to april because you couldn'
t find a place.
bgupta: you guys don'
t really like this mining company?
toffoo: good thing i don'
t work for you
toffoo: well I previously didn'
t know that finding a place for these super chips was an issue
mircea_popescu: if i had an ops manager who had the equivalent of asics waiting in boxes for ~2 months i wouldn'
t just fire him
bgupta: I don'
t trade btc/usd. I accept the volitility.
bgupta: What's interesting is I don'
t think I will ever plan to con vert btc into fiat again.. (Bearing in mind currently btc is a small but ever growing fraction of my networth)… If I need something I will spend my fiat, and keep my btc. If I ever need something beyond the abilities to pay with fiat, I'll pay directly with btc.
mircea_popescu: basically, it;s a bulky impractical geeky solution to a problem that doesn'
t really exist.
benkay: one doesn'
t have to herd cats
mircea_popescu: benkay im not using them because i don'
t see the benefit really.
smickles: benkay: probably because there isn'
t an easy gui for it
mircea_popescu: like, say your best friend has a sister, and you don'
t know her.
Bugpowder: permenatly sending to an address that doesn'
t exist?
Bowjob: let those 42 BTC don'
t go to waste; triple check every address
smickles: it wasn'
t possible at the time
dub: Don'
t give up peace lovers, you will eventually succeed in cutting those Cables.
pizzaman1337: mircea_popescu: is it possible to make options, sell them, later buy them back, and have the BTC freed up to use for something else? I don'
t see why it needs to be kept
mircea_popescu: this is why we don'
t motherfucking want polite people, this is what we don'
t want sfw and this is why we don'
t want governments.
Bugpowder: bitcoin just didn'
t seem like it would have the market cap to make it worth it, until the last 2-3 months
mircea_popescu: make sure you don'
t break any laws, don'
t lie to anybody, and fucking do something useful with your time
mircea_popescu: and i do mean this. of a 50k strong police force you couldn'
t find ten cops who knew what pot smelled like.
taub: i quit bitcoin for 2 years after i found out THE LAW wouldn'
t let me run my fiat exchange
mircea_popescu: and i don'
t want to introduce more garbage in bitcoin finance, idiots do enough fo that.
mircea_popescu: taub the thing is i don'
t like making futures which don;
t include delivery. in my eyes unsettled future pretty much = scam.
mircea_popescu: taub what function would it serve that options don'
t cover ?
taub: why isn'
t there a futures contract on btcusd?
jurov: won'
t trip metal detectors
mircea_popescu: gold has serious issues that don'
t go away just cause we'd wish them to.
jborkl: assbot> I don'
t give a shit who saw what and who did what or who did who. < I like that assbot
mircea_popescu: jurov no. we can'
t coopt each other sadly, but honestly he's smart enough.
assbot: It's so strange that you don'
t remember any of your poetry.
assbot: I don'
t give a shit who saw what and who did what or who did who.
mircea_popescu: so basically mpex makes more dough than all the exchanges combined but we can'
t believe this cause i'm evil.
smickles: but we can'
t believe you because you're romainian
mircea_popescu: o wait, my email gets better. "We noticed that you haven'
t signed in to your eBay account for quite some time, and we'd like to invite you back to buy and sell again. eBay's a great place to buy what you want, and sell what you have."
mircea_popescu: <Bugpowder> but he is half blind << i still think he's trying the "i am king of the world you must play my little debate games on my terms for me to understand the world or else it won'
t be understood by one such as me to its detriment" sillyness
mircea_popescu: smickles a no, i just mean there's a sort of pool for the cheapskates who won'
t add a fee
MJR_: smickles: you could say the system doesn'
t have fraud, though fraudulent people use it
jurov: cause i don'
t trust the engine it's 100% reliable
bgupta: they wouldn'
t still be taking orders.. if it was 0..
bgupta: The problem as I see it is that if someone wants to get in on btc without too much work, they have three choices 1) buy btc 2) buy mining gear 3) buy mining stocks. As long as AM is leading the metrics, it will carry a premium and be a go to investment, since modern mining gear that will last more than a month or so, can'
t really be easily had.
MJR_: i wouldn'
t be shorting
bgupta: well.. not sure how far shorting would go.. I don'
t believe anyone owns these shares on margin, so guessing not too many weak hands.
MJR_: you can'
t get higher without going through 200
smickles: there was a patch for the older clients, and the newer ones just don'
t care. and most of the older clients have upgraded
Schadenfreude: So it shouldn'
t come through until the day after tomorrow? Sucks
Schadenfreude: Christ, 5 hours and the transaction still didn'
t get confirmed
jurov: deadweasel: coinbr doesn'
t offer own options. what you see on New order should be the saem order book as on mpex
MJR_: i don'
t know about you, but it appears that $100 is pretty much certain in the next month
saulimus: tiberiusiv, a bitcoin that doesn'
t reward early adopters in a huge way. just like you said, the wealth distribution is a lot worse than in fiat.
error4733: can'
t wait before a early dump 100K just for fun
MJR_: you can'
t force people to adopt a currency they have to spend, so it is an interesting thought experiment, but will never succeed
TomServo: I think it's crazy the fork didn'
t have a bigger impact. I still don'
t understand it.
MJR_: i guess the OIX has some similarity to the VIX or VXX...but i don'
t think it does the implied variance
TomServo: ok - I just missed the 'smaller less liquid' piece - we don'
t need to go through the whole thing again.
MJR_: wouldn'
t it be great to have a tradeable volatility index?
jurov: Diablo-D3: you obviously don'
t care
jurov: anyway... these are the gypsies you tell as "don'
t know what the work mean"
jurov: tiberiusiv don'
t be racist. they will work given the opprotunity
hhh: You don'
t know romanian gypsies.
jurov: can'
t find. ask him to see it
jurov: but anyway wallstreet has its own problems and it's well possible it won'
t survive move to deflationary currency
Bugpowder: coinlab and coinbase haven'
t figured out the suit part yet either
jurov: anyway it isn'
t for sale. it's like berkshire hathaway "nobody will pay these trillions"
jurov: hahahaha and in sloakia we don'
t even have general attorney elected for over a year