312600+ entries in 2.271s
pgp: I was talking to
a VC the other night ($230) who was bragging about *almost* being
a bitcoin millionaire - bought in around 85 - I'll bet he feels like
a douche bag now
gesell: (13:55:28) gesell: MagicalTux: do you guys recalculate the fee bracket after every single trade? If so I would recommend tampering this somehow because thats added computation that could be leveraged in
a direct dos (small orders)
gesell: (13:54:29) MagicalTux: [20:53:00] <gesell> MagicalTux: have someone give
a road plan for how the issues with dos via small orders is going to be dealt with in the long term <- new trade engine won't have any issue handling that
gribble: MtGox lag is 35.184033 seconds. During this time, light travels 0.0705084081919 AU. You could have sent
a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
pgp: i think that they've improved lag by an order of magnitude it seems to me... that was
a lot of coin that just went off
MJR_: if you redraw the six month chart...and connect this point to the prior 6 months, it looks like
a nice steady growth
KRS1: greed fuels
a purchase at $200+ for
a financial instrument that rose so quickly
gesell: bifloor, please keep in mind that most of the community today is filled with speculators that dont give
a fuck, and also there are plenty of entities that actually want bitcoin to fail. Get your security house in order!
MJR_: not that its bad to bring up more servers...but if you have
a stupid unscalable system in place, it really doesn't matter how much more hardware you have
MJR_: you could implement
a system in
a ton of different ways
Cylta1: they should do
a stable fee of 0.001 btc per order in addition to 0.6%..
MJR_: and they just have
a ton of orders for .05 btc
gribble: MtGox lag is 1.38465 seconds. During this time, light travels 0.00277482309669 AU. You could have sent
a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
MJR_: it is just
a retardly simple fix
Cylta1: Some people (actually,
a lot) expected that "bitcoin is about to explode!11"
gribble:
A market order to buy 130000.0000 USD worth of bitcoins right now would buy 1618.5055 bitcoins and would take the last price up to 82.0000 USD, resulting in an average price of 80.3210 USD/BTC. | Data vintage: 27.2853 seconds
mircea_popescu: nobody really has
a clue what bitcoin code does, and the devs are resisting tooth and nail any attermpt to specify it
bitesak_: "Wednesday’s wild ride came as someone gave away thousands of dollars worth of Bitcoins on Reddit, the social news site. News blog Business Insider calculated
a Reddit user under the name “Bitcoinbillionaire” had given away $13,627.69896 worth of Bitcoins to Reddit users over the day."
gribble: MtGox lag is 112.75835 seconds. During this time, light travels 0.225966470895 AU. You could have sent
a bitcoin between Earth and Venus at their closest approach (0.254 AU).
mircea_popescu: they have gotten well stung tho, and stinging will continue until people understand that bitcoin is actually useful and actually valuable, not
a get rich quick scheme of the week.
mircea_popescu: we could say it's seeing more of
a "catastrophic event" than normal market conditions.
mircea_popescu: if this trend continues and in
a week they're 20-30% this will all have been well worth it.
error4733: GOOD, pain in the ass to explain if btc was crash to 20$ ut this, 90$ is juste
a correction from th last 3 crazy week ! hope next bubble i got some ball to short when
a crash is obv
gribble: MtGox lag is 79.565712 seconds. During this time, light travels 0.159448795986 AU. You could have sent
a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
gribble: MtGox lag is 2.570025 seconds. During this time, light travels 0.00515030132457 AU. You could have sent
a bitcoin from Jupiter to its largest moon, Ganymede (0.007155 AU).
MJR_: but my point is that they should have mentioned
a derivative
Bugpowder: discussions were after
a Stone IPA pint.
Namworld: Better have
a full stomach and be rested so I can stick around
guruvan: ya - this is
a special occasion though - I just want to take advantage of the mayhem
mod6: personally i would wait until they can generate you
a new one. who knows if they've changed wallets or whatever.
guruvan: any idea how long its safe to reuse
a gox deposit address? I want to send funds there, but can't log in.
mod6: Bugpowder: what
a douchebag
Guest8717: Tell him that vacuums are actually
a multi-billion dollar industry
mircea_popescu: with the bitcoin is not
a good currency because can't be made into
a responsible dildo ?
mod6: sometimes referred to as
a founding member of the Tea Party movement. << the guy is probably
a cockmeat sandwich
joecool: he was funny, put
a bounty up to hack mtgox, did
a lot of other insane stuff, trolled bitcointalk ~2011
joecool: mircea_popescu: the guy who used to run btcex
a couple years ago
mircea_popescu: @maxkeiser 5h Could
a Patent Lawsuit Take Down the Bitcoin Exchanges Like MtGox???
Bugpowder: Just for the love of god... don't place
a market order.
taub: think we might actually see
a little recovery in the meantime, 99-120
Bugpowder: better to go for
a big spread on your bid/ask, and not get filled, then to go for
a narrow spread and get stuck in
a losing position having scalped 10%
ThickAsThieves: due to the fact there is so much uncertainty, i think
a likely scenario is
a repate of last nights oscilations
Bugpowder: it's very tempting to shoot off about specific $ figures, but also stupid to.. Also, whether you are trading $1,000,000 or $100, your emotions are probably more coupled to what % of your net worth is on the line, rather than
a specific dollar value
Bugpowder: We may be moving into
a new market pattern now though, so the strategies I exploited for the last 3 months may no longer work
Bugpowder: goxlag was dropping fast and we had
a little bounce of 105
benkay: said scumbag maintains
a presence in irc
jborkl_: well, i sent
a small amount to Gox, 9 confirms - no show in my account
guruvan: (I haven't been all that flush for
a lot of it, but I only started with $1500)
guruvan: hell yea....I haven't done anything else for
a year
guruvan: lol - I live in
a tiny little town ....there's no jobs....gotta make your own.
benkay: cannot get rich and have
a life?
MJR_: like...I work 16 hours
a day
MJR_: and had
a decent "burn rate"
guruvan: successful startups do have
a plan - it's the VCs who often don't
MJR_: just making
a point about startup mentality
guruvan: no - it's not, but it's great for the "thow
a buncha shit on the wall and see what sticks" venture capitalist mentality
MJR_: in some ways, VC's do
a disservice by telling people that they are great, when they haven't done anything yet
MJR_: i just think that the silicon valley mindset of "let them explore and figure it out" is not
a great strategy for most scenarios
guruvan: I've done
a buncha dotcom stuff and we always talked about that
guruvan: that's good in
a lot of ways
MJR_: they very much have
a startup mentality
jcpham: making
a secure site isn't that hard
MJR_: he actually introduced me to
a nice lawyer
MJR_: we had lunch
a few times
guruvan: and he didn't specifiy
a nick
guruvan: I've had
a chat with him in email - everyone sez that
jcpham: i signed up for coinsetter and sent
a witty message
ThickAsThieves: i have real trouble understanding why
a receipt cant be the last thing that happens in the chain
jurov: it will help me not to have
a mess in books eventually
Bugpowder: After the trade rollback,
a NEW order appeared with
a # that was higher than an order I placed AFTER my fill at 122
ThickAsThieves: mp, do you have
a log of when the bot vwap lowered from 227.18 yesterday?
mircea_popescu: the STAT results will query
a db, which will be in
a state.
Bugpowder: It's
a shame that the bot does not have
a timestamped receipt to compare against mine.
Scrat: pgp:
a true multimaster system requires two phased commits
mircea_popescu: material errors happen. my job of course is to keep it to
a minimum.