131000+ entries in 3.148s
rg: [20:06] <+Gladamas> <pirateat40> At this point and in an attempt to stop the bleeding (interest) I'm going to be forced to payout everyone at once, which I'm sure will piss off enough people to counter the lack of payouts but I don'
t see any other way of handling this.
rg: [20:06] <+Gladamas> <pirateat40> I'd just like to say, I never expected all this madness when I shutdown BS&
T. It's been a lot more work than I could have even thought and I simply messed up. In hindsight, I shouldn'
t have stopped things so suddenly. Although it was nice to finally get some sleep, things have been spiraling out of control this week and pushing my personal deadlines.
EmanuelDeOrtego: I need to sell when that happens. For some reason I wouldn'
t doubt it holding there though.
EmanuelDeOrtego: You know, I like how evoorhees doesn'
t use more than 1 confirmation
EmanuelDeOrtego: Mircea_popescu: You won'
t be charging 20+ BTC fees when a Bitcoin is over $100. : P
mircea_popescu: well, it's an investment in your future. if you had already months ago now borrfowing shares would be trivial wouldn'
t it.
mircea_popescu: <nefario> I didn'
t hear of mpex before march << you couldn'
t have, it launched in april.
BTC-Mining: You shouldn'
t lend your things to people who can manage to do that
BTC-Mining: (By that, he means it had dust in it and wouldn'
t work properly, so he "quited" it through the window)
BTC-Mining: You don'
t have to explain the details, just that someone absconded with your online funds.
mircea_popescu: BTC-Mining simmer down man! i was just pointing out da police isn'
t equipped to deal with these things
EmanuelDeOrtego: I think Pirate is going to do a MyBitcoin because he doesn'
t have the Bitcoins.
EmanuelDeOrtego: I think Satoshi DICE is the first real profitable IPO that isn'
t mining
DeaDTerra1337: but I can'
t as I am only staying until Sunday evening then I am leaving again.
mircea_popescu: so to make a long answer short, for the time being the costs of resolving this problem don'
t seem justified. even with the ipo or w/e it wasn'
t my deposit system that ever was the bottleneck
mircea_popescu: well you don'
t, no, i'm not saying it couldn'
t be done.
bitfoo: I don'
t need the private key to know when something is sent
nefario: blockchain.info if you don'
t want to listen to incoming transactions
bitfoo: mircea_popescu, you don'
t need access to the wallet to watch an address for incoming tx
nefario: I didn'
t hear of mpex before march
bitfoo: sure, now they all have pass-throughs, but they didn'
t before
smickles: mircea_popescu: couldn'
t you just monitor the address w/o the private key?
smickles: smpake -> mpex would be nice for when mircea_popescu isn'
t around
mircea_popescu: but at any rate i would guess this discussion is moot : trades don'
t happen fast enough for any of this to matter.
bitfoo: mircea_popescu, I don'
t see how that applies to real-time trade data
mircea_popescu: ya but the person bidding doesn'
t bid on a luxury item
smickles: have the number of slots be dynamic... something like 90% of bids are accepted, 10% don'
t get it
smickles: i don'
t do engough trading to justify 1 btc a month tho :/
nefario: right now we don'
t cache the orderbook as it's the only way to get 100% accurate order info
smickles: i don'
t think it should mess with the basic definition of a bond tho
smickles: but the fact that there isn'
t a maturity, repayment of the principle, etc... bond is entirely misleaing
usagi: Yeah someone named greysomething said he got paid back too but didn'
t want to say for how much
usagi: Consider YARR. Fully insured, but I can'
t just dump 2000bitcoins of mining bonds on the market
BTC-Mining: I even had an order over it which wasn'
t filled
BTC-Mining: The 0.0001 shouldn'
t have been sold in =/
evoorhees: 95% of their plans won'
t go anywhere
BTC-Mining: usagi... you can'
t regulate bitcoins...
evoorhees: I'm don'
t think Bitcoin is as weak as you do
usagi: This isn'
t the first time I've seen this siruation repeat itself.
usagi: But as soon as you start dealing with real world companies and lawyers you open yourself up to getting screwed in ways you can'
t imagine now
evoorhees: usagi I can'
t explain how strongly I disagree with you :)
usagi: It doesn'
t matter where it is lol
mircea_popescu: rdponticelli not everyone pays to the standard address. some people ask for separate ones, for w/e reason. sometimes there's compensations related to margins that don'
t even register on the blockchain. etc.
Luke-Jr: evoorhees: I don'
t really like the forums. Perhaps ask in #bitcoin-dev ?
evoorhees: honestly I don'
t know enough about coding, or the problems involved, to even know where to start
JohnSmith777: We might as well throw in the towel if we can'
t survive without becoming somebody's pet project
Luke-Jr: but when you find a bug accidentally, you don'
t CONTINUE TO EXPLOIT IT
BTCHero: coffee filters wouldn'
t filter out the good shit, but i imagine running butter through a coffee filter was insanely slow/didn'
t work
BTCHero: BTC-Mining: but it is when you can'
t download it at full speed
BTCHero: BTC-Mining: you haven'
t started from scratch recently im sure :)
BTC-Mining: I don'
t see any issues with the blockchain size either
BTCHero: Luke-Jr: won'
t process SD transactions
evoorhees: the blockchain size doesn'
t need to change - it's the block size that does
evoorhees: SD isn'
t really an issue now, but it exposes how close we are to running into some issuues
BTC-Mining: The block size doesn'
t seem bad currently
JohnSmith777: evoorhees: If the Bitcoin network can'
t handle Satoshi Dice, it wasn'
t fit for the future.
BTC-Mining: I doubt the extra block sizes would ever matter... but yeah I wouldn'
t mind trimming of data
evoorhees: if bitcoin can'
t adapt to handle 100 satoshidice's, it will fail
evoorhees: FYI - to address the comment from before, the number of shares is totally irrelevant, it's just a matter of notation. 1m, 10m, or 100m shares... doesn'
t matter. All that matters is price per share X total shares. 100m is a nice round number so I chose it.
DeaDTerra: And locked it so you get auto kicked if you don'
t auth
DeaDTerra: Good night guys, don'
t let the impostor get you ;)
usagi: I don'
t see the connection
usagi: It doesn'
t matter how it internally represents the share price
BTCHero: 30 of them he won'
t sell for any price
JohnSmith777: It had a decent dividend but it won'
t be consistent
smickles: and the satoshi client does not allow you to easily control a sendfrom address, so checking withdrawals probably wouldn'
t work
smickles: as in, i don'
t want it publicly know that i'm sending 5k btc to mpex, so give me a nonstandard deposit address
smickles: i'd bet, that if you were going to deposite a large amount, and didn'
t want it public knowledge
smickles: i haven'
t asked for it, so i can'
t give an example
bitfoo: that doesn'
t matter right, deposits can easily be watched without the private key
Rothgar: I had to register too, and I wasn'
t as prominent
bitfoo: that way, if someone tries to impersonate you, they'll be kicked out if they don'
t authenticate