log☇︎
313700+ entries in 2.019s
gesell: pigeons: i think im missing the "you didnt make prof until you buy again". sorry i feel stupid here but could you explain why i have to buy again. i took cash, put it in btc, got cash back + %2, and one week later got that cash in my hand
jborkl: Yes I mean
jborkl: No, gox is the one I use for that reason
mjr_: yes, i plan on using bitfloor to get bitcoins and send them to my wallet right away
jborkl: Yeah, I know.. I don't see that as expensive
gesell: until i get it back. but if i add more weight and cash at the start i get blocked less and make more profit, no?
gesell: yeah, so i still made a profit but now im blocked from making more profit
gesell: pigeons: why would it require bitinstant. havent though it through but considered that perhaps one doesnt need instant payout. I guess i've only been looking at the scenerio of "buy btc here, sell over there" but have not thought "get cash back and repeat"
mjr_: yeah...i have seen that
mjr_: that is from bitfloor by the way...so i guess that might be causing your delay?
gesell: pigeons: i was the one that started it. im playing with it. i hear its not worht it but still gonna learn why
mjr_: but that is what i am saying...since they don't have fees to move money, and since you can make money trading, you could take liquidity on another site and offer it out there
mjr_: and over its lifetime i don't think it will always move a lot
mircea_popescu: i very much doubt there's the volume to arb so as to render that meaningful.
mjr_: but mostly i like them cuz you can move cash in and out really easily (i thought)
smickles: mircea_popescu: i can't seem to remember
pigeons: i cancelled a bitfloor order hours ago and the funds are still on hold cant make another order with them yet
mjr_: i heard some things about bitfloor that make me a little wary, but i think they have the best model for a currency exchange
mircea_popescu: check that out. i r botharing tham, had no idea even
mjr_: and i guess they still do, but i haven't tried yet
mircea_popescu: I'm actually developing a new respect for Mircea Popescu. He's so insufferable that I used to avoid reading anything he wrote but I've been reading his blog a bit lately and the man may be arrogant but he's not stupid. He thinks strategically and it will be kind of interesting to watch him go up against the self-appointed "big players" in the world of Bitcoin commerce. The prospect of seeing someone wipe the floor w
mircea_popescu: they hate on the rota too. i had no idea.
mjr_: no i mean you would have paper gains, but then when you need to move it
gesell: eh, not really. unless i need instant cash
mjr_: yeah, i think transaction fees are going to kill you
gesell: jurov: totally. im thinking about this as i go
gesell: once i get the volume issue settled im going to start to code direct buy and sell code for each exchange, direcly into the mofo'ing spreadsheet ;)
Namworld: I'd like to buy a few around 0.02ish
mjr_: i don't have shares :( yet
mjr_: one day i will finally get around these banks and get some cash on an exchange somewhere
mjr_: i can imagine what that must be like though
mjr_: i've never seen a whole bitcoin
mjr_: yeah, i was offering to give someone here the money if they already had an account
mjr_: but i already joined
gesell: that is what i mean, they are two different things with huge steps between them and the latter has some pretty clear motivations (black market mentality, edge of the law)
mjr_: well, that's what i mean, a lot of people hack a system and just change the wallpaper...
mjr_: i guess what i mean is that the motivation to HACK (gain access to a system that is not yours) and the motivations to STEAL are two very different things
mjr_: that is a big leap i agree
mjr_: i'm not sure about that...i think most people who know linux don't mind doing some L33T haxor stuff now and then
mjr_: yeah, i think its always the funniest when people spend their time talking about things they don't like/ believe in....like r/atheism
mircea_popescu: i find it incredible these doods dedicated 2mn words to explaining why btc sucks to themselves.
mircea_popescu: mk so where do i pastebin a 10mb textfile ?
gesell: really? mpex? damn i would've thought mircea_popescu rolled with some textfile foo database like a boss
jurov: so far i only gathered information it seems to use mysql :)
jurov: only if i could derive something such from mpex glitches :P
gesell: noticing this small delay sometimes in bitzino blackjack where after i "stand" and the dealer contemplates what he does there is sometimes a long pause, sometimes not. could be nothign but reminds me of an article 10 years ago in 2600mag where someone saw something similar that indicated when when the dealer had 21. actually it would happen whenever it asked him if he wanted to buy insurance. there was a 5 second delay in the dialog if the dealer had 21.
mjr_: omg, i love bitzino
Namworld: I don't see any difference
mircea_popescu: ahh i like the new mpex.
mircea_popescu: possibly adnotated or i dunno
pigeons: i smell a biz school grad
gesell: mircea_popescu: i think so
gesell: but i'd still contemplate if this friction could be measured
gesell: i guess he's more focused on stability at the moment, which is fare
gesell: if i had the exposure that sdice is getting i'd start to try to find ways measure the effect of bitcoin-user-bootstrap friction and process, and then reweigh the hassel of dealing with fiat depending on number of users. I mean consider the profit that MTGox makes and they have to deal with this hassel, and the profits SDice has. the question is if reduced friction for fiat entry to btc to sdice would add a logrythmic increase in profits...
mjr_: i am going to try bitzino for the first time :)
jurov: but it's too big hassle to deal with fiat in realtion to gamblin and securities. i'm glad i don't have to
jurov: but it's too big hassle to deal with fiat in realtion to gamblin and securities. i
jurov: gesell, be assured they did contemplate. i did too
mjr_: i look forward to the day you can get a home loan in bitcoins
mjr_: i know
mjr_: i hate banks
jurov: i'm not gambler, just heard something about skrillex/liberty reserve/etc. basically, e-gold currencies.
gesell: how do online gamblers say, in the EU, deal with this now? getting funds in i mean
Namworld: I just discovered somethingawful while making a search for bitcoin related stuff...
jurov: yes, educated guess... hope i can come out with fixed rule in future
mircea_popescu: o i c
mircea_popescu: i think you meant 20th march said february in the btctalk post
ShaTwo: mircea_popescu: I will… I didn't sleep in 40 hours … so I will leave for tomorrow :)
mjr_: i was like "what the..."
Ukto: your system is very similar to one I have in the works lol
mjr_: i'm working on getting bitcoins accepted on this other site too
mjr_: especially because i don't want to say "trust me, it works"
mjr_: i wanted to explain public key cryptography in as simple terms as possible
mjr_: but i can update it to show how it is used in this instance
mjr_: yes...that is how bitcoin works...i think that section was more about cryptography in general
mircea_popescu: tbh, i thought you're signing with their public key.
mjr_: but in order to send an encrypted message...i would encrypt it using your public key, you would be the only one able to read it
mjr_: since i am assuming a non techie audience lol
mjr_: but i did not want to get into very small dettail
mjr_: i mean the messages are not really encrypted
mircea_popescu: tbh i have no idea
Namworld: the private key decrypts and the public key encrypts? I was certain it was the other way around.
mircea_popescu: bitinstant is solid as far as i hear.
mjr_: its a google doc right now...i figured everyone could read it easily
mircea_popescu: i guess.
mjr_: and are they worthwhile? i am interested in the cash deposit method
mjr_: i was hoping that a few people would take a quick skim and let me know if there are any glaring errors
mjr_: it briefly explains bitcoins in what i hope is easy to understand terms
mjr_: i created an online presentation
mircea_popescu: i hadn't
mircea_popescu: o, no, i'll enjoy last summer-style peace and quiet for at least a few days
JohnGalt: I want to be they guy who won 130k dollarz, not 100k, will it go back to 0.1?
evoorhees: if you win, I'll hunt you down!
Namworld: I'll do
JohnGalt: are you the s.dice guy evoorhees? fill up your wallet I wanna play 0.1 on 64000x :P
Bugpowder: I bought those calls actually
JohnGalt: I surrender
Namworld: I see a bot eating 5 S.DICE at a time
DeadWeasel: zeroconfirmations.com I think this is a great URL for a bitcoin blog.