log☇︎
297500+ entries in 2.49s
Rulother_: I've been using the forums for a long, but didn't have the need to post until recently.
ystarnaud_: you need to post like 5 posts in newbie area and have like a number of hours before you can post anywhere else
parseval: Weird, maybe it's part of being a new user. You need to have a certain number of hours lurking or some posts in the newbie forums
kleecksj: This is the most entertained I've been in a while. Watching the Labcoin debacle mixed with the BTCGarden block erupter "simulation" today is shaping up to be loltastic.
ystarnaud_: it was to be expected lots of hype and people trying to get in to make a coin
ohreally2: "To compare with other mining-projects,lets assume we occupy 25% of the entire network hashrate as a *conservative* estimate"
Rulother_: glad to have a pr to step in during a time of panic lol
matuszed: it comes off as a trade
kleecksj: This IPO was clearly for a quick flip.
dexX7: theswede is very responsive, but i'm looking forward for this q&a thing, he's just the pr-guy
Rulother_: It seems it settled down a bit
Rulother_: It's going to be a bumpy ride for labcoin
smidge: i plan on holding, but the answers sound a bit scary at times
smidge: Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.
Rulother_: There's a lot of dumping
ThickAsThieves: “It’s supervolatile, so I’d tell people to go slow,” said Peter Vessenes, chairman and executive director of the Bitcoin Foundation, a nonprofit organization that promotes the currency. “Never hold more bitcoins than you’re prepared to lose.”
ThickAsThieves: Nonetheless, paying with bitcoins can be a weirdly fun way to make transactions.
ThickAsThieves: “The way the basic bitcoin system works is both incredibly solid and incredibly clever from a technical standpoint,” said Nicholas Weaver, senior staff researcher at the International Computer Science Institute in Berkeley, which studies and advances a range of emerging technologies. “The system’s security is fragile, however, and the economic model behind bitcoin is, well,
matuszed: That was me exercising a put not a bad print in Labcoin
dexX7: You can use them to pay for a pizza or make speculative bets that could end up financing your child’s college education.
Rulother_: I have like a million tabs open atm, so many forum and btct tabs.
jcpham: so i read mircea's anatomy of a scam post
Rulother_: I got a bit in early the other from when they opened up trading
Urushiol: I find the interface of btct a little obtuse
dexX7: well.. i sound like a fanboy. i am one, i think xD
dexX7: on normal days you can expect answers to questions or requests in a short time and burnside really tries to improve. the ipo yesterday was kinda special and he had less than 24 hours for a custom solution to handle things etc.
dexX7: hehe from the btct thread a quote from mtgox: "First of all we would like to reassure you but no we were not last night victim of a DDoS but instead victim of our own success!"
Hiro2: it's a mess, but due to popularity a lot of people hop over and the admin offers little to no support
dexX7: maybe a little bit
Hiro2: especially for a place that could barely handle the load
dexX7: i think there is a steady increase of coins flowing into the share markets, but at some point it's saturated and they can only flow from one to another asset. we had actm some days ago, yesterday the labcoin ipo..
Rulother_: The thing is, it's slowed down a good bit since being released.
mois: still a lot to go
Rulother_: a while, they have a million to go
Hiro2: not a myth but maybe very few are allowed, kind of like how another country thinks Americans are all white, fat, and trigger happy
Hiro2: Urushiol I'm pretty sure that's a myth...
Urushiol: I don't remember if it was China or Japan, but apparently in one of those countries, sleeping at work is considered a sign that you are a hard worker and people will sometimes fake sleeping.
Hollywoodundead: there is a big difference between 100 billion and 1 million
parseval: They could make a new paypal-like system overnight if they wanted, with their userbase
parseval: I think Facebook could do a lot of things to improve their price, but they aren't taking advantage of it.
parseval: Generally, with an IPO, the company is trying to get the most for what it's offering. They looked at their own company and valued it at .001, which should send a signal that it's overvalued if it trades significantly higher
Urushiol: going to take a while for all those shares to be bought though it seems. I was expecting more to happen when Europe woke up
Urushiol: labcoin stole a lot of btcgarden's potential excitement / investors.
Guest82345: i suppose the influx of new mining rig sellers are going to keep the whole stock market bear for a while
mircea_popescu: pankkake a that's a good point
KRS-1: must be a pretty daunting task, especially with pre-order money.
mircea_popescu: KRS-1 well they did a first batch, except ppl complained about not getting some,
dandate2: seems to be in a bear mode
dandate2: asicminer-pt seems to have a lot of volume, is that a scam?
mircea_popescu: a ok
Rulother_: Especially if you were able to get a refund, and that money could of gone to say LC's ipo roll out, I could of 3x my money.
Rulother_: Sure to a point, but when you're talking bout a couple of thousand, different case :)
Rulother_: Yeah I'm trying to cancel out a couple of singles, as I doubt they'll be useful by the time they actually ship em
parseval: These recent IPOs make me want to invest in a nice (relatively) stable bond instead
MCM-Mike: we should add a bet on bitbet regarding labcoin :)
mircea_popescu: dandate2 http://trilema.com/2013/the-anatomy-of-a-scam/
Ukyo: he had left me a skype poking me to ask you to check withdraws
mircea_popescu: anyone here has a bitmit account ?
smidge: Apologies. Trading has been temporarily frozen for system maintenance. We'll be back in a minute or two
mircea_popescu: dexX7_ http://trilema.com/2013/the-anatomy-of-a-scam/#comment-94217
mircea_popescu: well i guess he'll eventually figure out how to leave a comment on wordpress or something
[\]: Urushiol, I'm sure many people would offer to be a tor tunnel for them.
Pizzatroll: thpizza boy has to have a nice ass
Urushiol: I would expect them to at least use a VPN to Hong Kong
pizza_deliveri: i have wasted some hours of my life arguing with a aspergers boy...
mircea_popescu: so losing a little might also be growing.
[\]: There's a difference between maintaining and increasing.
mircea_popescu: [\\\] lol i guess you have a point there.
mircea_popescu: do you have a point somewhere in there ?
[\]: https://sphotos-a-ord.xx.fbcdn.net/hphotos-ash3/q71/547365_10151552216623091_1353704227_n.jpg
afrotec: btct should have a realtime orderbook
dexX7_: could take a while
Wild0wnes: i wanna ride a pumpandcump just once
Wild0wnes: a debit card in the mail and i'm done?
scryb3: I suspect living in eastern Europe develops a healthy sense of paranoia...
afrotec: nope, just a card in the mailbox
Wild0wnes: like 5 minutes for the online form.... who knows what happens next... perhaps they fedex me a stack of homework
Wild0wnes: was a simple form online
thestringpuller: cause you a scammor
pizza_deliveri: just thought it's a bit weird and surprised he didn't remove it after realising info is wrong
Urushiol: cunt is a term of endearment
pizza_deliveri: instead you start playing a game
pizza_deliveri: as if you can't even admit when you've made a mistake
Urushiol: surely you aren't suggesting a blogger didn't do sufficient research before "reporting"
VanCleef: lol what a waste of 500btc
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
mircea_popescu: that's like... a first innit.
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
pizza_deliveri: I made a WOT already
mircea_popescu: pizza_deliveri just stfu, make a wot, come back in a few years.
pizza_deliveri: 'can't prove a negative'
mircea_popescu: pizza_deliveri a. you didn't show any proof ; b. you can't prove a negative ; c. stop trying to pass a duck for a doe, it doesn't wash.
Namworld: That makes it fair for such a high valuation.
mircea_popescu: you can't prove a negative dumbass.
Namworld: FRIEDCAT DELIVERED ON 200'000 SHARES AT $1 A PIECE (0.1 BTC) BACK IN 2012! $200'000 RAISED ONLY AND HE DELIVERED!
mircea_popescu: pizza_deliveri mind giving a link or something ? where "has it been said before" ?
Wild0wnes: okay so what i'm seeing with BTC garden... a script again?
FlyingLeap: <pizza_deliveri> I've traded with few guys before their nicks? they like to leave a record of that for building rep u know
pizza_deliveri: mircea_popescu: why do you fake a PR profile pretending to be a woman?
afrotec: but even then its a shot in the dark basically