log☇︎
283900+ entries in 1.958s
nubbins`: i paid my house insurance with $5 bills a few months ago
nubbins`: you can legally refuse any amount of pennies over a few bucks
nubbins`: businesses are a different story
asciilifeform: takes a bucket at a time.
asciilifeform: many u.s. banks now have coin machines with a funnel
mircea_popescu: most everyone i talk to wants to go in a la hruschev, shoe on table, "this is how much the shares go for"
pascal2571: I'm not a fan of these totally made-up evaluations
pascal2571: anyone interested in a bet that havelock will close down after collecting the funds of the IPO?
asciilifeform: basically, an 'altcoin in a can' construction set.
mircea_popescu: asciilifeform you'd need a blockchain for workfunctions.
nubbins`: anyway, if you could sell GPUs that have been burned out from mining for a reasonable price, you wouldn't see any of them mining altcoins
asciilifeform: i'll toss this in for anyone who didn't get a chance to laugh at it last time: picture an altcoin where the workfunction is a blank field in the protocol.
nubbins`: it sounds like a major uphill battle to increase trade volume
nubbins`: just like all the notes you need for any bob dylan song are all on a single guitar string
topace: you could do 180,000 volume on just a few thousand coins in a month
asciilifeform: trick is to devise an alt where the ideal miner is actually a full fpga.
nubbins`: it's not like these coins are out there sitting around waiting for a bad investment opportunity
ThickAsThieves: topace we know what youre saying, but there remains a gap
nubbins`: well, i don't think 8x volume is gonna come out of the woodwork just because there's a glut of questionable funds tossed into the sidebar
mircea_popescu: asciilifeform they suck up a lot of electricity, and the altcoins have a pretty soiled rep.
asciilifeform: re: the folks sitting on heaps of obsolete fpga: why hasn't even one started an altcoin with a diddled workfunction
mircea_popescu: this isn't even deflation, it's a scourge yet unnamed.
mircea_popescu: nah, fluency is a major problem in bitcoin, and will aggravate. in 2012 about 50% of coins mined were in circulation.
topace: i agree, we'll need to see a large influx of new investors
ThickAsThieves: youre talking about a major increase in the amount of coins people are investing and trading in this market
mircea_popescu: i didn't think it was a profit estimate, no 0.0
nubbins`: yes, we're discussing how HMF lost 1200 BTC but gained a 3 TH/s farm
mircea_popescu: you have a 180k estimate for 2014 ?!
mircea_popescu: jcpham well it makes 50-60 btc a month even now.
jcpham: i'm going to take that as a no for now so i can do what i need to do
nubbins`: topace: i dunno, maybe i'm looking at this wrong, but i just see a fund steadily hemorrhaging money
mircea_popescu: there isn't much of a 2ndary market gouing or is there ?
Rawted: anyone need a btc-e code? looking for paypal, and for some reason im not receiving the withdraw notices from btc-e and my ticket has been unanswered for 11 days.
mircea_popescu: detroit now has a beach.
topace: so for hte fund, it was a definite win
kakobrekla: fiat is shit. buy a volkswagen.
mircea_popescu: that was a better than average move.
mircea_popescu: o i remember this thing, it was originally waiting for deliveries for a while.
mircea_popescu: why would you need to cover costs ? it's a fund. you report the loss.
mircea_popescu: dude crumbs is a heavy hitter in the forum nao ?
mircea_popescu: The only info provided is a phone number resolving in Minnesota, USA. Is this also typical for Panamanian corporations?
mircea_popescu: Is it customary for a multi-million dollar registered business to withhold information such as the names of its owners/directors? Can we at least get a link to your Facebook page or YouTube account?
asciilifeform: makes repudiation a bit hard. and most lusers have dynamic ip.
mircea_popescu: then add a layer to turn the html into crypted text to keys by ips
mircea_popescu: i was actually thinking, a pretty decent way to run an underground site would be, have everyone register their ip to a pubkey
asciilifeform: gonna be fun when people actually start to give a damn about pubkey distribution.
asciilifeform: download a fresh copy, right. patched on the fly. ken thompson.
gribble: (buy [--long] <amount> <thing> [at|@] <priceperunit> <otherthing> [<notes>]) -- Logs a buy order for <amount> units of <thing>, at a price of <price> per unit, in units of <otherthing>. Use the optional <notes> field to put in any special notes. <price> may include an arithmetical expression, and {(mtgox|bitstamp)(ask|bid|last|high|low|avg)} to index price to mtgox ask, bid, last, (1 more message)
mircea_popescu: asciilifeform you download a fresh copy
mircea_popescu: pascal2571 you know gribble has a market thing ?
asciilifeform: once the chump is rooted, you can do a million different things.
asciilifeform: i'd say the newsmen are hyping up the novelty a bit
mircea_popescu: it's a complicated problem.
kleeck: The defense is that "we don't measure BTC in FIAT" which I get, sure - but that is one way to quantify value against a fluctuating Bitcoin.
mircea_popescu: kleeck everyone imagines they're worth like, a shitton.
thestringpuller: i think bombshells following you is a clear indication you are as cool as Bender Rodriguez
mircea_popescu: or like getting a coupla bombshells to follow you around and expecting this'll make you seem all cool and shit.
nubbins`: Expecting the tools to provide security for you is like buying a set of weights and then sitting around waiting for your fitness to improve.
mircea_popescu: "here's a list of 16 entities that'd love to be important in bitcoin"
gribble: Error: "shrubbery" is not a valid command.
gribble: Error: "thicket" is not a valid command.
gribble: Error: "ticket" is not a valid command.
thestringpuller: so mircea_popescu would you say your weakness is a solid femme fatale?
thestringpuller: we should make a bitbet on it
mircea_popescu: in the end i will probably write a million words on that book
mircea_popescu: have a plushie.
mircea_popescu: any rapper that's a teenage girl with nice hooters and doesn't take her rapping self too seriously.
thestringpuller: make it a data center
thestringpuller: turn it into a fortress
thestringpuller: Detroit is actually the best place to start a business for people like yourself tbh.
mircea_popescu: bitcoin is a fine balance of many things
mircea_popescu: i sold a little.
mircea_popescu: jesus god the past coupla days i "lost" like a quarter billion dollars off my net worth!
kleeck: There is no question that it's taking a long time, but that doesn't mean he is running with the money.
mircea_popescu: how long ago did the thing close ? coupla weeks ? a month ?
kleeck: ^ That pisses me off a bit.
mircea_popescu: the forum is a riot.
mircea_popescu: we did fine. coulda been a lot worse.
Namworld: Falling down. Can't do otherwise after such a rapid and ridiculous rise.
gribble: MtGox lag is 0.586349 seconds. During this time, light travels 0.00117503683091 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
deadweasel: romania, we love thee: SEC chair wrote "Regardless of whether an underlying virtual currency is itself a security, interests issued by entities owning virtual currencies or providing returns based on assets such as virtual currencies likely would be securities and therefore subject to our regulation."
bgupta: who knows.. > $80 b/a spead. 45k+ btc traded in last hour on gox if numbers are right.
gribble: MtGox lag is 748.57036 seconds. During this time, light travels 1.50012662003 AU. You could have sent a bitcoin from the Sun to Mars (1.52 AU).
kakobrekla: the comment on the comments thingy is a joke btw.
thestringpuller: I was expecting a sexy CSV
asciilifeform: there is also the rather comical situation where a victim ends up running five or six miners
dub: pankkake: if you give a shit, then take a shit
pankkake: I'm a troll at heart but even zh comments are too much for me
truffles: "Bullshit ass wipe. There were mass protests against bush and everyone wanted to impeach him. Our dear leader has done worse shit and gets a Nobel peace prize. Tell me it's not because he's black." hmmm
ThickAsThieves: "It's never too late to try, who knows what might happen, maybe you'll make a fortune out of it!"
ozbot: Make a Fortune with ASRock's Latest Mining Machines: H81 Pro BTC & H61 Pro BTC
thestringpuller: lol you on a paleo diet?
Diablo-D3: a quarter of a million isnt what it used to be
thestringpuller: then definitely not a fortune
thestringpuller: I love being a hater!
thestringpuller: we have a badass over here
Diablo-D3: thestringpuller: its not like Im a serial startup guy
gribble: A market order to sell 100000 bitcoins right now would net 23641119.3179 USD and would take the last price down to 71.0000 USD, resulting in an average price of 236.4112 USD/BTC. | Data vintage: 31.5828 seconds
gribble: A market order to sell 15000 bitcoins right now would net 7943392.5883 USD and would take the last price down to 440.0000 USD, resulting in an average price of 529.5595 USD/BTC. | Data vintage: 6.3222 seconds
gribble: A market order to buy 15000 bitcoins right now would take 12278814.8765 USD and would take the last price up to 900.0000 USD, resulting in an average price of 818.5877 USD/BTC. | Data vintage: 0.0019 seconds