log☇︎
305500+ entries in 2.259s
fiat500: probably a better short-term bet than COG then eh
optimator: I'm thinking there would be a bit of inventory shrinkage
BitHub: so much easier just playing startrek movie and new judge dredd back to back and doing a shot whenever you see a lens flare
aknap3: and even if you know exactly what is going to happen, as a distributor, you have to play along. Fighting the wild swings makes things worse for you
aknap3: it's awesome -- need a group of people. Even if you have played the game before and you know all the details you can't stop the wild fluctuations in supply and demand
fiat500: optimator: its a self-fulfilling prophecy
fiat500: i have in the past, the kind of stuff i do on a daily basis is a lot more complex
optimator: ThickAsThieves: I'm not saying I didn't take a profit... but damn! 2.45
fiat500: id do it for free if i had an API... is there a realtime API?
fiat500: BitHub: ill give u a 0.1 discount
BitHub: cmon fiat500 give bithub a good hookup remmeber that free btc :P
ThickAsThieves: without a lot of brainstorming and cooperation from BF
BitHub: ;;rate ThickAsThieves 1 - runs a tight ship
jcpham: ;;rate ThickAsThieves 3 Runs one hell of a tidy ship.
ThickAsThieves: furuknap and I are gonna have a public debate
burnside: yup, I'll have to have a chat for sure.
ThickAsThieves: from a change
burnside: TAT, only way any of this works though is if the PT on BF somehow develops a fee setup.
burnside: yeah, I'd have to announce that it was closing in 6 months. let people transfer wherever they want, with a carrot (instant transfer) for people transitioning to the alternate PT
aknap3: but it looks like a 30 day shutdown is perfetly fine per the agreement
aknap3: not trying to be a pain, but doesn't the stockholder agreement say we can transfer in an out?
burnside: I think that'd be a mistake for him, but it's a definite possibility.
burnside: thing for me is that if we do that, I'd want to set a deadline where I can shut down my PT. If the goal is to alleviate the conflict of interest, there needs to be a finish line.
burnside: we could definitely reduce the volume with Friedcat a ton by working it in batches
ThickAsThieves: yours would also demand a premium
ThickAsThieves: but has a fee
ThickAsThieves: you let me (or whomever, but I'm obv the coolest) open a new PT
burnside: Yeah, it would be ugly for a few days.
inhies: i use a GET with the URL to approve teh app, since that is done in a browser, obviously, and then the approval form is a POST, but then it reloads with a GET to the same URL with the verifier string appended
burnside: What I'd love to do now is work out something with Ukto/DeaDTerra where we both agree to like a 0.5% fee or something.
inhies: parseval: that would be great if you could. I'll be leaving in a couple hours and i'll be gone all day, but feel free to PM me, I really appreciate it
burnside: <ThickAsThieves> but it's a little shakey for him to be running his own PT imo || TAT, still around?
parseval: If I remember right, I had to change from calling that as a POST to a GET to make it work
kakobrekla: sounds like a plan
Chaaang-Noi: i have one lower, but a 60 ghs unit
JWU42: anyone think there is a market for fractional ownership of a mini-rig (the 500 Gh/s unit)
gribble: Error: ".25" is not a valid command.
gribble: (eauth <nick>) -- Initiate authentication for user <nick>. You must have registered a GPG key with the bot for this to work. You will be given a link to a page which contains a one time password encrypted with your key. Decrypt, and use the 'everify' command with it. Your passphrase will expire in 10 minutes.
gribble: Error: "gpg" is not a valid command.
ThickAsThieves: [12:48] <thestringpuller> ThickAsThieves: Stop being a ASICMINER horder OMNOMNOMNOM
thestringpuller: ThickAsThieves: Stop being a ASICMINER horder
BitHub: oh, he was just giving you a plug or something?
ThickAsThieves: twas a well-distributed scam
BitHub: i'm sure he'll be back with a new busines name
BTCOxygen: Its a small asset, No need to go with all the hassle.
ThickAsThieves: [12:24] <BTCOxygen> How long does it take to open an asset on BTCTC ? <<<<1. Talk to Burnsude 2. Open a thread on the forums gut-checking your asset plan 3. Fill out the application and pay 5btc 4. Wait 1-2 weeks for enough votes (not guaranteed)
ThickAsThieves: "We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip."
ThickAsThieves: "Shipped USB Sticks: 530. A lot more in the following week."
ThickAsThieves: Friedcat: "Shipped Blades: 278. The sales keeps a slow but steady pace."
ThickAsThieves: but it's a little shakey for him to be running his own PT imo
ThickAsThieves: there is a bit of conflict of interest
BTCOxygen: He could have a agreement with the site operator.
ThickAsThieves: do you want a man holding $1.5m in assets
Diablo-D3: I wonder if I could kickstarter a 1EB storage pool.
ThickAsThieves: give a few minutes to show a funny example
BTC0xygen: If your PT owns more than 5k shares you become a board member and get a free blade.
ThickAsThieves: because if i dont get a board seat before he send them
ThickAsThieves: than be a benefit
BTC0xygen: Bitfunder ASICMINER-PT is not owned by the site owner. and does not charge a fee.
Namworld: Because passthrough managers typically charge a fee
BTC0xygen: Think, IIRC there is 2 ASICminer passthroughs, One does not take a management fee, And your do.
ThickAsThieves: Friedcat has enough work to do without a million requests from me
ericmuyser: ThickAsThieves: so? cheaper to pick up the PT and request a transfer if you want direct?
ThickAsThieves: i bought a ton
furuknap: Guess DT is a happy camper now.
Chaaang-Noi: he be a rich mofo
Chaaang-Noi: he has a lot of stock
PsychoticBoy: a few hundred :D
Chaaang-Noi: i got a few under .1 not many
furuknap: We should do a public debate on this. :-D
ThickAsThieves: AM can sell a LOT more hardware
ThickAsThieves: I think that friedcat's long term actions have earned him a bit more respect and trust than your average mining asset
furuknap: 'The other' ASIC hardware company. Popped up a few weeks ago. KXCminer or something along those lines.
Bugpowder: every bitcoin investment and exchange is a SCAM at some point.
ThickAsThieves: just a bad investment
ThickAsThieves: no one said 100TH was a scam
furuknap: I live in Scandinavia, I know the culture, and running a scam like that wouldn't be even close to feasible.
furuknap: KXsomethingMiner. They're the first company to talk about a 28nm chip and they're working with a highly reputable chip company to achieve that.
furuknap: No, but that's the change that might be useful. If they intend to float a new hardware asset, that would require a lot of overhead and time to build confidence, which isn't easy for hardware startups.
furuknap: That depends. If they hold shares in the company, the rise in share prices would be profitable and they wouldn't have to worry about floating a new asset.
Bugpowder: fixed hash rate bonds are a guarnteed loss
ThickAsThieves: while AM shares represent a % of the network instead
ThickAsThieves: but 100TH is a fixed bond right?
furuknap: [16:47] <ericmuyser> ... it's definitely a good idea for you big guys to sell when it starts going stupid < FTFY
ericmuyser: either way i think it's definitely a good idea for you big guys to sell when it starts going parabolically stupid
furuknap: The good news is that this may bring the price to a more reasonable level, panic and burns aside.
DeaDTerra: I am just a bit annoyed that people hype thing up
DeaDTerra: There is such a thing as overpriced
furuknap: DT: I agree, but the difference is that I invest, expecting a certain return over a certain period. When the profit I can make from selling far exceeds the profit I can make from investing, then selling just makes sense.
aknap3: so from chips in the door to finished miners out the door in a matter of days...
furuknap: Well, the price, if they do get a working chip (and bitfury sounds confident) then the entire upside of fulfilling that promise is yet to be realized, like I wrote in that reddit-comment.
fiat500: they havent even produced a working chip, and price is already up to 0.25?
furuknap: Saw this on reddit earlier today: http://www.reddit.com/r/Bitcoin/comments/1ew9mt/is_100th_next_asicminer_jumps_40_in_a_week_up_500/ <- May explain all the new accounts on Pico...
fiat500: he needs to step up his game a bit :P
Chaaang-Noi: he wants to have the best mining operation :) i like the guy a lot
ThickAsThieves: I have a bunch too
furuknap: Sure, but there has also been 3000 shares moved to BTCT recently. No idea what other markets get, but that's a lot of selling power, and I can't imagine any other reason why people would move shares into a PT if not because they want to sell.
Chaaang-Noi: i still hold a large amount
cole_albon: if someone were to execute an in the money call on mpex exchange. what happens next? how do dollars get into mpex to make the buy? I know it's a dumb question, and probably offensively dumb, but I can't find instructions anywhere for this
ThickAsThieves: this is just the market trying to figure out what to do about lower divs and a big fucking walls