log☇︎
311500+ entries in 2.621s
lippoper1: for a .01% gain lmao
Scrat: how muchis a ton
Bugpowder: bought a TON of coins at 65
MJR_: i would talk to a bank so they could help me implement KYC and AML
MJR_: i wouldn't talk to a bank so i could have them help me operate illegally
MJR_: considering him getting hacked was over a year ago
MJR_: he has a debt to them
Bugpowder: to get the money a second time
Bugpowder: a good chance he stole the money the first time
lippoper1: Bitfloor, the fourth largest exchange dealing in US dollars, has just announced that it has been hacked, and the service has taken a loss of 24,000 BTC
lippoper1: let me put in a quick buy order for 100k bitcoins
gribble: Error: "pm" is not a valid command.
gribble: Error: "later" is not a valid command.
ThickAsThieves: then pop it and buy up for a couple days
ThickAsThieves: 2. Only Gox would know how big of a bid wall is needed to force a floor
ThickAsThieves: looks like a personal blog post or something
savetheinternet: it sounds like a bullshit story
pgp: i'm with ThickAsThieves - manipulation is EASY with enough money and half a brain...
thestringpuller: mircea_popescu is a big meanie
savetheinternet: all you need to do is file a false DMCA claim
sturles: Cloudflare error messages from the MtGox API isn't a good sign. DDoS again? Prepare for impact?
MJR_: people expecting a drop?
ThickAsThieves: to blink them away as a hint
ThickAsThieves: how are 20k walls a coincidence?
ThickAsThieves: if i am right, i think the only possible outcome is a big crash when the manipulator gets to the point where he barely has enoush coins to control a crash
ThickAsThieves: will take me a long time to get it out
ThickAsThieves: common sense isnt a big factor here
ThickAsThieves: yes, the person must be a functional member of the economy
ThickAsThieves: constructed a price
ThickAsThieves: its just a matter of scale
Scrat: ThickAsThieves I have a counter argument
ThickAsThieves: ive been talking about this with others for a couple days now
Sinbios: ThickAsThieves: who cares? maybe it's some guy with deep pockets who thinks it's actually worth 70 and now 80 a coin
Scrat: I have a theory xenu might be buying btc, so yes
ThickAsThieves: dont you remember how 2 days ago we were at about 70, then a 15k wall appeared?
Scrat: this is a "what if"
Scrat: Sinbios: there's a big difference
Scrat: they can change a value in the database
ThickAsThieves: if they know they make up a certain % of bidbook
ThickAsThieves: its a numbers
Scrat: would take a lot of balls to have 10million on gox
deadweasel: thats not crash, it's a bitcoin sneeze
ThickAsThieves: is that he doesnt have enough coins to crash it at a higher price
ThickAsThieves: what i think is that someone is manipulating, making up a large % of bid book,
ThickAsThieves: how much of this bidbook can disappear on a whim?
Chaang-Noi: we will not see 50 for a while if ever
ThickAsThieves: this isnt a natural price
Chaang-Noi: hell of a lot more bids than asks
Sinbios: there's no "wall" under 100, just a bunch of people trying to sell
Chaang-Noi: i sodl enough at $200 plus (my ltc) to live for a few years:)
Chaang-Noi: hell im happy if we stay here for a year
ThickAsThieves: if you were a market maker, why might you post huge big walls from 60-80, and also ask walls under 100?
Chaang-Noi: you left out a 0
MJR_: lol if you could get all those chips up and running....you would make back your bitcoins in a week
jurov: it's a sale!
kakobrekla: "oohhh i forgot i ordered this what a nice suprise to self"
kakobrekla: MJR_ but he paid a lot more than preorders for half the spec?
MJR_: a guy in my office just preordered now
MJR_: also, if you can get it back up again and retain customers, you could conceivably get a revenue share
MJR_: so for me that is a big difference
troc: <MJR_> there was a different announcement... ... ...
kakobrekla: a bank account? no
kakobrekla: a name? yeah we know he fucked up
assbot: sorry took a nap.
MJR_: there was a different announcement...
mircea_popescu: a that's nioce then
mircea_popescu: a, they paid out ?
MJR_: eh, it wasn't really a problem
Chaang-Noi: im okay with that for a while
pgp: better than a lawn mower
KRS1: heh i see you know a thing or two about music
KRS1: I'd like to take this time and pause for a moment for the allmighty
guruvan: someone suggested DDoS a little bit ago - dunno tho
Diablo-D3: man I have such a headache
Namworld: I didn't know there was such a high demand
Namworld: a whole lot
gribble: smickles was last seen in #bitcoin-assets 1 week, 5 days, 5 hours, 48 minutes, and 48 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
dub: mircea_popescu: lady looks like a dude
mircea_popescu: a
jborkl: this is only a few minutes into it
Bugpowder: but yes I have a standard Lodge too
mircea_popescu: you can just fat cure a proper iron pot.
mircea_popescu: i mean it's a great fucking thing but you jhave to always be carefgul not get it too hot in the end why even bother
mircea_popescu: Bugpowder i can see a case for where whatever container leaks whatever poison in the microwave but not otherwise.
guruvan: for a minute
mircea_popescu: i've never used a microwave, nor do i intend to.
jcpham: i have a 1200 and it destroys water
Diablo-D3: even 1200w is a bit high
jborkl: that would be about like putting 30 7970's in a desktop case
mircea_popescu: Bugpowder ya like a pizza oven. but that's commercial power grid
jcpham: surely bfl does intend to ship a device drawing more than 4kW
mircea_popescu: which is i think half a year lead time
mircea_popescu: this is what you can do out of the box pretty much. otherwise you have to get on the list for a transform station being builrt
mircea_popescu: Diablo-D3 it also is a commercial installation.
Diablo-D3: and this is a small apartment.
Diablo-D3: you have a shitty house if you only have 2 circuits
jcpham: well the point is the minirig was a consumer device but now it seems commercial
jcpham: they were selling a 1.5 kW plug it in anywhere device
jborkl: you would also need a pretty big ventilation to draw out that heat
Diablo-D3: its a persona made up by the company