log☇︎
295000+ entries in 2.144s
pgp: btw, took a while to get down to $2... http://i.imgur.com/LWGXliJ.png
kakobrekla: savetheinternet, i guess that would depends on what one is looking for
kakobrekla: i hope so too
pgp: then again, as much as I hope it stabalizes here, I think think it goes lower
error4733: ;;eightball do i need a second coffee ?
pgp: i suppose that qualifies as an "early adopter" in this environment
ThickAsThieves: i dodnt read the article myself
pgp: i wonder what price the winklevi got in at?
pgp: I must say that there is a noticeable *lack* of lag today... all that free market making shit is gone...
kakobrekla: yep, i suck not reading.
pgp: i would have said slovenia a couple weeks ago, but...
kakobrekla: oh i was late with that one
mircea_popescu: i really think the best way to go is partner with licensed institutions rather than try and do bermudadollars or w/e
pgp: I wouldn't want to try it in the US...
mircea_popescu: but then again, i participate in 20+ discussions a day, all end with "yes, this is yet another niche, just need the people with a clue to do it"
pgp: i see
mircea_popescu: ah. yeah, i've been talking to people. i will list futures, but i will only list physically settled.
ThickAsThieves: i have much of it mapped out
ThickAsThieves: most likely i'll be starting an options fund
mircea_popescu: it's crucial for further development i think.
mircea_popescu: more generally the limited capital and orderly folding is a very important concept that i've been discussing with other people looking to make financial instruments in thsi chan
pgp: I've implemented real-time RBH - its a hassle - and its arcane, but intellectually satisfying from a risk management standpoint
mircea_popescu: yes, i was about to say : a simple way to test rbh specifically is to just open a brokerage offering rbh-based leverage to customers.
pgp: mp: i don't think that you really have to do much more than you already are... your focus on security and availability is what makes MPEX attractive
pgp: hmmm... I think that what you need is more brokers...
mircea_popescu: but there's tons of other issues. so i think pretty m,uch everyotne's models are off the charts,
mircea_popescu: anyway, i think the financial tier is well spooked by all the insanity propagated at the exchange tier.
pgp: I understand... I am wonderering, though, has anyone bought any of these infinite vol options?
ThickAsThieves: was about to say i think bit is done for the month
ThickAsThieves: i suspected
mircea_popescu: i am considering an algo adjustement. we're doing a bunch of modelling and measuring.
KRS1: I know I can =D
kakobrekla: i want my free coins
Namworld: Hmm, quite late it seems. ALready morning... I'll be on my way I think.
mircea_popescu: i mean june had a pronounced bear trap on the way up
Namworld: http://i.imgur.com/LWGXliJ.png
Namworld: oh, I've made another chart of prices compared to the 2011 bubble in it's last days
Namworld: Well they could. I see it more as a longstanding history of not getting hacked out of all users funds. There was hacks but they at least protect their BTC wallet.
mircea_popescu: but then again i guess people have this too big to fail mentality going.
mircea_popescu: of course... i see mtgox as quite as risky myself
mircea_popescu: i see what you mean.
pgp: i see
mjr___: that is what i am thinking
mjr___: cash transfers in i think
mjr___: i specifically think that cash transfers in are held up...
Namworld: and I get that notice...
Namworld: no, I already sold my coins
mjr___: this is what i mean though, they keep halting trading, lag is horrible, impossible to get good price discovery
mjr___: if you want to sell, i'd say transfer your coins, and find somewhere else
mjr___: this is why i am not paying attention to them
mjr___: i believe bitfloor is still over 100
mjr___: i'm just too tired to care about mt gox anymore (i've never actually used their exchange)
mjr___: i personally think that this is proven to be valuable, the shitty exchanges, the amateurish business practices...those will fade away
mjr___: basically i meant i am removing myself from the day to day speculation
mjr___: but i think that none of the info is accurate right now
mjr___: i've all but decided to ignore mt gox
mjr___: because they are not doing any trading right now i thought
punkman1: when I say few, I mean bitcoins, ripples, etc
mjr___: i am what you would call a liberal...
mjr___: i never thought i would agree with larry kudlow on anything
b0n1: i need to get more money on the markets
b0n1: but i am searching for something that is faster than sepa
b0n1: pgp, i know this
mjr___: hmmm, cash in hand still carries a premium, i think that shows something
b0n1: i talked to a guy yesterday, who told me that his daddy doesnt support this anymore...
mjr___: i wonder if there are any good deals on localbitcoins
b0n1: sepa takes nearly a day mostly i think
b0n1: i dont have lots of possibilities there, only coupons
b0n1: pgp, bitinstant sounds good, but i am from germany
mjr___: i mean, i didn't want to sell a lot
KRS1: that seems to be the best bet! i bet
mjr___: i sold 5 coins locally
KRS1: mjr: i was thinking that since wed/thurs
KRS1: i must not have refreshed my screen I was seeing almost $100 one minute next minute $84
KRS1: i think its an opencl thing
olive_: i don't think they are taking advantage in killing bit coin and their own business
b0n1: can i actually cancel orders with status pending in mtgox ?
Skarr: Over the last few days, I've waited to see 3 or 4 continuous bars with real volume (on a M1 chart) before getting any confidence the lag was about to abate.
Skarr: pgp - while the lag-times are still rising, the system is functionally dead. I take the tiny-volume orders as just that - evidence that the engine remains, for all practical purposes, fully choked.
mjr___: so now i can keep spamming .02 bitcoin orders for no fees, so i can jump in and out whenever i want, trying to make pennies in difference
Diablo-D3: mjr___: I dont see the point in decreasing latency in that
Diablo-D3: sorry, forgot which channel I got it from
mjr___: i just posted that
mjr___: from what i saw in the fpga world
mjr___: hmmm...i wonder if you could reimplement the design though
mjr___: i get that
mjr___: i mean you can optimize algorithms for different hardware
Diablo-D3: heh, I did the math
Bugpowder: I'm just thinking on the 3 month time horizion
Bugpowder: I mean, don't panic here folks
taub: im no hero i dont trade with 30 min lag
Bugpowder: http://i.imgur.com/YBYOjNn.png
ThickAsThieves: wherever it falls, we'll see at least one more notable bounce i think
Bugpowder: http://i.imgur.com/TfSNGC5.png
Bugpowder: taub I mean oscillation, not ripple the currency
Bugpowder: I'm not going to do i
ThickAsThieves: i have to go to a wedding soon
ThickAsThieves: i bet gox will behave much differently when soft order features are removed
taub: i just noticed this lag now, when did it start?
taub: i mean a dip