log☇︎
300000+ entries in 2.199s
pigeons: mircea_popescu: talking to tiberiusiv, maybe you have him on ignore, i was considering it
bgupta: well technically I don't think burnside deals in USD? Why would he have to?
Namworld: yeah, he took another approach. Ukto is in the USA tho I believe.
bgupta: I'm concerned about an USA based btc business that exchanges fiat for btc..
Namworld: I believe
bgupta: I saw mention of Bank of America?
Namworld: So? As far as I know, it's doing okay.
Namworld: Bitfunder has an asset bot in #bitfunder now. I hope to see it added to assbot soon
mircea_popescu: i'll go down in history as "the only romanian that ever..."
mircea_popescu: haha o hey, i just realised : i got it easy
mircea_popescu: toffoo i guess pretty much everything we do in bitcoin these early days will become revered a century later.
bgupta: I understand.. this would have been mickey mouse work, for the big silicon companies.
toffoo: i have a feeling the asic race is something they'll be reading about in business school textbooks some day
bgupta: I'm wondering if their is a dark horse out there.. that we don't know about now.
bgupta: I still find that challenging to believe they will never ship..
bgupta: I know what they are doing is not trivial, considering that they aren't just mining
bgupta: Being someone who did a small scale GPU mining operation 2 years ago. I can say the power/cooling/space issues aren't something traditional ops managers can deal with, nor are traditional datacenters built for this kind of operation.. I had to get many additional power circuits pulled in.
mircea_popescu: heh i like how the de-facto lot in options is 1k
mircea_popescu: bgupta i like the part where they're hashing. i dislike the part where i suspect they're lieing.
toffoo: i hate when that happens
toffoo: good thing i don't work for you
toffoo: well I previously didn't know that finding a place for these super chips was an issue
mircea_popescu: i'd fire him in such a way he's never hired again by anyone anywhere.
mircea_popescu: if i had an ops manager who had the equivalent of asics waiting in boxes for ~2 months i wouldn't just fire him
toffoo: I interpret his reply to mean that it's been a space or power issue … I quote:
bgupta: I don't trade btc/usd. I accept the volitility.
taub: i do think we are bound for a big retracement
mircea_popescu: bgupta that's what i did for ~2 years.
toffoo: Chaang-Noi mircea_popescu I wrote an email to friedcat last night asking him to clarify the issue of the "missing" 6 TH ...
bgupta: What's interesting is I don't think I will ever plan to convert btc into fiat again.. (Bearing in mind currently btc is a small but ever growing fraction of my networth)… If I need something I will spend my fiat, and keep my btc. If I ever need something beyond the abilities to pay with fiat, I'll pay directly with btc.
Bowjob: http://i.imgur.com/CEJf0Rk.png
taub: well its not quite at the top i'm fishing at
Bowjob: i watch this shit from coinlab
Bowjob: i will watch this
Chaang-Noi: i dont get it, why wait until we get a new ath then sell off, iv seen this more than once
Chaang-Noi: i did not know you were so pro usa before
Chaang-Noi: man, i think it shines all over the place
mircea_popescu: Chaang-Noi no i think it's actually THE point.
Chaang-Noi: i think you mean A point? one of many?
mircea_popescu: Chaang-Noi i think so.
bgupta: so I know the issues.
bgupta: I was actually at LibrePlanet this past weekend.
mircea_popescu: bgupta i can't stand it.
Bowjob: i feel bad for ATC777. he sold at 72, been a bear since. he owes me like 3.5 BTC
Bowjob: i thought it was 100
Bowjob: yeap. i'll watch the markets. heh
ZedsterX: it's a holiday i think they need to relax
benkay: i type shorter
smickles: i just thought of something which is probably accounted for, but what if i start an m-of-n, but before the coins are
mircea_popescu: i get the theory.
mircea_popescu: benkay im not using them because i don't see the benefit really.
smickles: i'd say it's more like he fucks her and tells you how it was
benkay: i'm baffled that nobody seems interested in doing m-of-n transactions
Bugpowder: Along those lines... I think I'll turn in early tonight. See you at 95.00 hours.
mircea_popescu: Bowjob you;'re in good company, i have no idea wtf that means either.
Bowjob: but i dont understand "
Bowjob: i know a bit..
Bowjob: "^I confirm this as the escrow. Apparently OP copied the wrong address for me from the firstbits system.."
Bugpowder: jesus christ if joe reddit keeps complaining about millibitcoins I'm going to puke.
Bowjob: I mean, 73%
Bowjob: i see the bets
Bowjob: I also heard that casa will make 0.5 and 0.1 coins
ThickAsThieves: I would like to be able to use millicoins and microcoins. I know the system can handle it down to 1/100 of a microcoin; please make it possible in the interface as well."
ThickAsThieves: Bitcoin has appreciated like crazy, and as described, I predict it will continue to do so. There are already eight decimal places in the system. Please make it possible to use milli- and microbitcoins as soon as possible; bitcoin will continue to climb like crazy and may even accelerate. A currency where the smallest unit can buy you a small house is not practical for everyday use.
Bowjob: I'm already thinking.. order up (10) 1 BTCs, one value combo for (1) 25 BTC and (2) 1 BTC.. and (5) 10 BTC all 2013s
Bugpowder: I have like 10 of those old ones
Bugpowder: I have a 25 and a silver 10 and a handful of 1s
Bugpowder: I wonder if we will se resistance as we approach 100, or acceleration
Bowjob: I think it's a good idea to buy 10 BTC coins
Bowjob: ill get mine tomorrow since apparently i didnt answer the doorbell
Bowjob: I think I got a delivery for my casa coin
Bowjob: looks like it. i wish i grabbed more avalon 2s
Diablo-D3: er right, I meant 3
BitHub: batch 2 and 3 i believe
BitHub: i want
BitHub: yeah true, i was going to ask, if they were going to sell a rig or anything?
BitHub: yeah i know but i miss it
BitHub: smickles i'm guessing that subreddit is blank?
taub: but i usually dont got top fishing
taub: looking for big possible retracements, but i dont see it really
jborkl: mp.can i get a deposit cleared
taub: i dont trade with it, but better than clarkmoody for me
mircea_popescu: ya but i mean someone could just put 5 btc at 1mn usd in the book
taub: i like to look at it where it moves for the short term pressure
pizzaman1337: I'll keep that in mind for future trading
pizzaman1337: What I did was make put options, sold them, bought the same amount back cheaper, and now I have "locked in" profit. But, the btc are still deposited as surety.
mircea_popescu: pizzaman1337 i don't follow your logic.
pizzaman1337: mircea_popescu: I see. It seems like you might be able to get more volume though if people have free btc to use more often
ThickAsThieves: is that to say, if i excercise, i dont get the btc til month's end?
ThickAsThieves: since i have yet to excercise an option i think i need clarification
pizzaman1337: could you add that sometime in the future? I now have BTC tied up that I was hoping would be free
pizzaman1337: mircea_popescu: is it possible to make options, sell them, later buy them back, and have the BTC freed up to use for something else? I don't see why it needs to be kept
mircea_popescu: i think the 2x thing refers to his entire history.
taub: I doubt he risked everything
taub: I mean in that one big trade today
taub: 23:32 < Bugpowder> see, I'm not doing that good in terms of total BTC multiplied
Bowjob: i like it though. the food was like.. "Want to eat me? You have to fight for it first."
Bowjob: i just had some pad ped.. shit was extremely spicy
taub: how else could i define morality
taub: that was before i had a religious experience mircea_popescu