log☇︎
298400+ entries in 2.09s
Bugpowder_: So the total bids cash number had a big dip prior to the 25% flash crash on March 22nd, thus I consider it a possible indictor of short term direction.
mjr_: i saw that too
Bugpowder_: highest I have seen
mjr_: well, i mean a bunch of people can put bids at $1...
Bugpowder_: I think its meaningful
Bugpowder_: The 2011 article by them on who Satoshi Nakamoto might be was fascinating. I'm convinced its the Irish dude.
mjr_: benkay: i think i came across some of your open source code on github
mjr_: i know right
mjr_: the new yorker actually wrote the best article on bitcoin i've seen so far
jurov: now i logged on btc-e... found even bigger ltc stash O.o
TomServo: I found a 10 spot in a old jacket once.
kakobrekla: lookin at the bbet logs i thought something was broken
smickles: (rather, at least 20 min. i don't really keep it displayed past that)
smickles: what i saw was volatility dropping for ~20 min then reversing
smickles: i very much dislike these fucking cloudflare sited
gribble: I have not seen scamkobreklaa.
ThickAsThieves: i feel like as soon as i buy it will die
deadweasel: no shit! i was gonna buy some yesterday. shoulda when it was still .15
ThickAsThieves: should i use FTP?
mircea_popescu: i can load the site but it comes up without the milk in it
mircea_popescu: guise i think there's something afoot with this bitbet
mircea_popescu: ZedsterX i use them. that's all.
ThickAsThieves: ziggap is an interesting case study also, in that it shows how an issuer can tank its own stock, to buy it back if they want. "oh sorry guys i was just shitty for week, s'all good now!"
bitesak: DeadTerra, I guess you mean to Borrow rather than Lend
topace_: i do it all, lol
thestringpuller: but at this point i might as well use rackspace
thestringpuller: i want hosting i can pay for with my btc revenue
mircea_popescu: what i want to know is who replaces brains with pudding.
thestringpuller: unless I charge more but I dont want to be senior greedy
thestringpuller: hmm if I sell it may come as a loss... :(
thestringpuller: i have up to 1 coin available atm i would prefer to just sell a half coin so I can re-up easier
microhxo: I'll see if he can go at lunch and get one.
thestringpuller: also I charge 2% of the spot
microhxo: Now another friend wants to buy on coinbase (I know we discussed they are noobish, but they link bank account immediately) and they aren't available to sell till friday.
thestringpuller: i will sell for moneypak
ThickAsThieves: i think
Bugpowder: I wonder if THIS is the real reason BTC is cheaper on BTC-E
mircea_popescu: i bet someone's trying it in all bitcoin services automatically
mircea_popescu: ya, i feel a desperate, feverish desire & itch to run ltc vwaps
Bugpowder: so I would imagine thats the right cryptocoincharts chart to use
mjr_: so i decided to dig through and found the wallet.dat, so as soon as its synced i'll dump it and see what i find! exciting
mjr_: i went through a mining phase a year ago, and i think i have some laying around, but i had redone my computer
jurov: good luck. i recently found very nice stash of ltc likewise :)
mjr_: wish me luck guys, i found a wallet.dat from a year ago :)
jurov: lol... not sure how i'd gpg sign a paper form
mircea_popescu: "I personally wouldn't touch anything outside of S.DICE, S.MPOE, S.BBET and ASICMINER."
jurov: incidentally, i have to go to tax office today to deliver my declaration
Bugpowder: guess I should go back to sleep
Bugpowder: well, I woke up to a little mini rally
BingoBoingo_: mjr_III are you sure those are women, I hear bankers can give a mean blowjob...
mjr_III: don't know why I find women who can speak intelligently about finance so damn sexy, but I do
ChaangNoi: i gota go but wish i had context
BingoBoingo_: Maybe not, but in OTC I'm about to loosen an LTC miner's asshole under this principle
mircea_popescu: BingoBoingo_ i'm not really sure it works that way
BingoBoingo_: I know you must have consider one and suspect you may have already implemented one
mircea_popescu: why would i kill the bot ?
Namworld: Else I'll have to update what I paid on my PT...
mircea_popescu: jesus i can't believe i fucked it up again.
ZedsterX: but they are very new i see
ZedsterX: i turned 60 LTC into 2.5 BTC it was kinda fun
dub: increases the chance of tux catchign a bullet I guess
dub: I think a lot of money has been spent on LTC today in anticipation
ThickAsThieves: i need some sleep, plz work on getting btc back to 106 thx
kakobrekla: > I cannot officially announce how "soon" "soon" means
ThickAsThieves: when that breaks i try coinlab.com
mircea_popescu: im sorry, i can;'t get past the unfounded assumptions and general illiteracy of the author.
mircea_popescu: well basically... i can't access it.
mircea_popescu: i dunno
mircea_popescu: i guess i'll pass
bgupta: mircea_popescu: This articly sorta matches what I am thinking but it uses the term money instead of currency. http://www.businessinsider.com/is-bitcoin-money-2013-4
mircea_popescu: i mean... richest guy has what, 600k of these 100k dollar coins
ThickAsThieves: not trying to moderate, just rubbernecking I guess
mircea_popescu: actually i think the 100k is remarkably adequate
mircea_popescu: this is pretty much the only way to judge, in my eyes. I don't care about absolutes, i wish to conserve the same percentual value.
mircea_popescu: i guess the relative preminence of someone with 100k in the american empire today
mircea_popescu: accounting for the rarity of gold/economy differential and everything... i just came up with 100k
bgupta: btw how did you calculate that 1 solidus is worth 100,000 usd in today's terms? (Yeah I was thinking 10 years)
ThickAsThieves: i dont think you can get gov buy-in
bgupta: I was thinking that once the market cap of btc inc. reaches high enough we could see certain countries starting to back fiat with btc, in which case we'd start to see this sort of stuff changing.
mircea_popescu: i think more of an exploratory "what is bitcoin really"
bgupta: Really, I thought they paid soldiers in salt, wine and food?
mircea_popescu: i would say that's incorrect.
bgupta: I'm saying that currencies were created to solve the barter systems lack of a of double coincidence of wants. All this wealth, technical progress and all that have been able to be created as a result are just efects of the creation of currency, and not its basic purpose.
mircea_popescu: i dunno that many people care about this in a discussion of "a good handgun"
mircea_popescu: i never heard of this happening tho.
mircea_popescu: i guess someone could trade about 3 semi tractor trailers' load of eggs
mircea_popescu: i would think that's exactly it. buying btc is buying shares in the new world order.
mircea_popescu: i imagine the way it'd work out in practice is you sell out some satoshi for a wad of zimbabew dollars or w/e
mircea_popescu: bgupta i wouldsay the 500 eggs for 1 btc is mostly an effect of btc price being de facto supressed through ignorance/it being new
bgupta: If that happens, I'd say btc has graduated into a good currency.
BitHub: i'm a fan of positive reinforcement trolling
bgupta: So right now 1btc buys about 500 eggs. Assuming that btc/usd ratio keeps going up to say 1000 in a few years. does that mean I'll be able to buy 5000 eggs with 1btc, or are we expecting massive inflation to kick in, in USD terms, and btc prices to stabilise out?
mircea_popescu: bgupta i guess you get to watch it unfold.
Ukto: Diablo-D3: i think they have been claimed.
bgupta: well I can't see it happening in the US, basically the US "mass" citizens will pay taxes if they get what they think they want, and they don't feel that they are being taxed unfairly.
KRS1: once capitalist, i think we are now just crapitalist
benkay: i don't know where to even start man.
mircea_popescu: bgupta i can, it'd be better than current bs.
bgupta: If all of a sudden income tax was optional.. the central gov't would have NO revenue., and services would revert to neighborhood vigilante services.. think "paying the mob for protection".. I can't see this happening…
mircea_popescu: anyway. if greek remaining bits are any indication, political debate would move to include a large chunk of "let me tell you how much i've donated"