250500+ entries in 1.862s
minersdidit: the operating costs are 2 dollars
a coin and you sell for 370
danielpbarron: minersdidit: there is
a very predictable price point at which miners are better off buying BTC rather than buying electricity to mine
danielpbarron: I wonder if
a bunch of miners turned off their rigs with the price dip
MisterE: no sense wasting your time here with
a failed technology eh?
minersdidit: nobody earns
a bitcoin income other then miners
minersdidit: danielpbarron yea and localbitcoins has like
a 3-10% spread.
danielpbarron: Bitcoin doesn't require
a palm print; that's FIAT's doing
minersdidit: lol go send btc in 5minutes to someone you cant even locate it in
a city
MisterE: MGK: stop being
a tight ass and include some tx fee it will be instant
minersdidit: Deliberately and quite maliciously tried to meld the BleedingHeart openssl vulnerability into the Bitcoin code. The move seemed bizarre at the timei, seeing how there was exactly zero need and pretty much epsilon benefit of implementing such kludge, and given that everyone with
a clue involved pretty much agreed PKI is broken beyond repair anyway. To properly understand the implications of this : NSA has had, for two years
MisterE: *sigh* gonna be
a long log to catch up on today :)
BCB: mostly casascius coin. I have
a few Titians and
a Silver Wallet.
MGK: but this ones in
a ANAC case
MGK: yeah I sold
a .5 to blazedout and looking to sell this one too
danielpbarron: I almost did and then the next day some hacker figured out
a way to get the key without ruining the sticker
BCB: mircea_popescu, someon has to do it. Speculating about bitcoin is
a cottage industry
thestringpuller: minersdidit: he reapid XBOND, people made that
a bubble and ruined it
minersdidit: TAT was mirceas nigger for
a bit before going off on his own and hawking the latest scams
Trader1333: Do tell MGK how i sound AT ALL like
a scammer.
MGK: you sound like
a total scammer
mircea_popescu: Trader1333 probably not. you have no wot and generally, nobody gives
a shit.
Trader1333: Popescu do you offer
a way I can hedge
a BTC purchase I make every week on Monday so that it remains the same USD value whether it goes up or down...
a futures contract if you will.
Trader1333: but like i said, i am not an investor in BTC at anything over $100. im only
a mover.
Trader1333: im looking for
a way that i can preserve my USD investment value.
Trader1333: i need
a way to lock in prices when i buy or get buy order fulfilled.
Trader1333: does anyone know
a place in BTC that sells futures for BTC price?
danielpbarron: everyone is
a scammer if you give them enough time or money.. except me! you can trust me
benkay: run up into
a foreigners bar
minersdidit: already starting not to pay people out larger then
a few K ammounts
benkay: surely you're familiar with
a search bar, minersdidit
Trader1333: go to OTC where its
a bunch of circle jerkers no thank you. oh and escrow is required.
Trader1333: know its not the place, but if anyone wishes to sell 6.6 BTC let me know. or
a contract to buy $2500 on Monday at whatever bitstamp +1% is.
minersdidit: and silicon valley "tech" and innovation is
a joke. they create companies that sell advertisements
Trader1333: problem is this stupid market no one wants to sell. so i figured if i offered
a contract to buy at 1% above bitstamp the same amount every week, month to month contract, there would be some interest.
Trader1333: i flip it weekly and make good margins. hell i make more than someone as
a general manager of
a fast food joint and i only do it for 5 hours
a week roughly.
Trader1333: i see BTC dropping to $100 but i dont care i need BTC weekly and constant. i need
a way to buy BTC and i dont care if it goes to $10k or $1 im buying same amount weekly
Trader1333: willing to do
a legally binding agreement of such and put forth my car as compensation should it cost too much
Trader1333: i am wondering if there is
a way to buy future contracts for BTC?
minersdidit: drifted on the internet for
a decade until bitcoin came along
mircea_popescu: so are we getting
a proposal on how to fix bitcoin or noit just yet ?
minersdidit: its
a circus of amateurs from the last dotcom crash
minersdidit: will mircea come in with
a donation like openbsd lol
benkay: see now jump to
a new topic,
a new stupid claim
TestingUnoDosTre: bitcoin utility hasn't budged
a bit, but the value has most definitely dropped
minersdidit: bitcoin will be at version 0.92 in
a decade with the current developmeant team
benkay: make this argument in
a decade.
MGK: anyone interested in buying
a graded MS65 1btc coin?
danielpbarron: well it only took the dollar
a century to lose most of its value; Bitcoin's looking pretty good
benkay: economy is
a fractal yo
minersdidit: money has to reflect what the economy is doing, which is
a fractal it expands and contracts hence elastic
Duffer1: capital flight will seek precious metals and other solid commodities imo, btc
a bit too
minersdidit: and for every seller of BTC there is also
a buyer
danielpbarron: minersdidit: there is
a lot of wealth that will be fleeing FIAT soon, and it will choose Bitcoin
minersdidit: to "secure"
a network that only transfers 67k
minersdidit: the subsidy is like
a $40 per transfer tax
benkay: sounds like
a bubble, minersdidit
mike_c: my bitcoin is still worth
a bitcoin. except the ones i lost on that stupid $400 bitbet.
minersdidit: @ $1200
a btc miners were being subsidized to the tune of 5million dollars to secure 80k transactions
minersdidit: you cant value your work when the meter stick you are using is
a rubber band
danielpbarron: idk, i think these only appear to be problems to individuals who still have
a foot in FIAT
minersdidit: you can "price" bitcoin in anything since its
a ratio
Duffer1: it's worth x btc, what people choose to price that in fiat is
a separate matter
minersdidit:
a money supply expands and contracts ie ELASTIC
danielpbarron: ok so you want something like bitcoin, but with.. more inflation? or
a backdoor to let devs tweak the block reward?
danielpbarron: you are making the argument that
a central bank knows better than
a decentralized network
minersdidit: whats
a trading post got to do with anything lol
danielpbarron: i'd rather have
a volitile good money than
a stable bad money
jborkl_: WSJ reported
a couple hours ago
benkay: once upon
a time i took 2nd place in physics for attempting to quantify polarization of light coming through
a prd as
a proxy for embedded stress
SatoshiJack: I will give you full details in
a day or so -- we are going through the code now -- and figuring out what we have tobuild for it --- our big thing is -- how we generate address etc... I need to be able to generate like 1000 or so at
a time -- and also to be able to submit transactions similar to how brainwallet.org works with blockchain.info for transaction submits...
MGK: Im selling
a graded MS65 1bitcoin casacious coin, asking 1.5BTC.