314100+ entries in 2.432s
Ukto: when your limiting txns to say 500 when generating
a block
gribble: Error: "unconfirmed" is not
a valid command.
Ukto: sometimes its fine, othertimse
a giant backlog is created
Ukto: so for the pools that prioritize based on tx fee, unless you specifically tell your client ot pay
a higher tx fee than sdice (whatever it might adjust to) you will not get ahead of them
ThickAsThieves: bitcoin is way less cool if its slower than
a credit card
Ukto: (when he finds
a block)
Ukto: leaving
a larger backlog for those to be processed
Ukto: it creates
a backlog of txn processing
Ukto: they just have
a hard limit on how many txn's can be included per block
mircea_popescu: ThickAsThieves yes unless you're on
a shitty connection or something
benkay: does multibit function as
a node?
mircea_popescu: run
a node, have it well connected, you'll be instamempooled.
mircea_popescu: "
a well-known Silicon Valley socialite and entrepreneur"
benkay: kinda buy into claim resolution, which is not
a scalable thing
pgp: you can put whatever text you want into
a txn...
pgp:
a practice of requiring 2/3 key to unlock an address for owner, auditor, lawyer (in case owner dies) seems like
a good start
benkay: sure, but shard holder ameliorates that risk by charging
a fee for
a useful service. some fraction of which fee should go to ops to blah blah blah
mircea_popescu: the fact that we know you hold shards adds
a risk to you as
a shard holder.
mircea_popescu: why not put
a piece of paper in
a bank locked chest say
mircea_popescu: why use
a publicly known and thus attackable holder of shards.
benkay: because nadja and tanja have
a tendency to bitch out and cannot be depended on for professional service, other than the oral kind.
mircea_popescu: suppose this russian guy has
a wife which wife has
a sister.
burnside: yeah, I'd be worried about anyplace you have
a lot of btc that doesn't have
a manual withdrawal process honestly.
thestringpuller: mircea_popescu: yes which is why as youve stated the presence of big players (as yourself) keeps the economy from having
a complete collapse. i pose
a scenario where the noobs become educated. what occurs when the economy is composed of more competency?
burnside: sometimes I process things
a lil slow
thestringpuller: mircea_popescu: you said in your article "The situation in the market was becoming macroeconomically concerning, in the following sense : major holders were done selling, the vast majority of trading action consisting of trades among newcomers brought in by the recent significant press exposure" it seems noobs were about to cause
a bubble and if left "unkempt" the herd mentality could cause catostrophic issues to
benkay: bitcoins are
a sophisticated financial instrument
mircea_popescu: that's why he's calling you. cause he has
a car at the airport.
mircea_popescu:
a lot of newbs playing around introduce distortion in the marketplace.
MJR_: i am very happy from
a "get the best investment" perspective
MJR_: i am only annoyed from
a "show the best performance" perspective
MJR_: yes, but hopefully i can scoop up
a big chunk of the float before they do
benkay: you and i both know this is
a dumb conversation, you gave me something of relatively significant value recently
jcpham: may have to trade in for
a newer model
mircea_popescu: yea, because
a. they listen and b. they even comprehend wtf the words you just say mean
MJR_: i'm saying, "if you saw it on the news, if you are interested, just buy one and hold it
a year at least"
mircea_popescu: nothing's more dangerous for
a new issuance than
a large number of clueless investors.
benkay: it's doubly amusing because he's
a pitbull and people get anxious
mircea_popescu: My trade idea earlier in week of parking
a few $150 priced BTC in Silver is paying off nicely.
mircea_popescu: benkay max keiser is in particular
a funny one. day before yest he was like, o, i predict, 300 dollars per btc.
benkay: for
a nominally epic top you sure do enjoy exposing yourself to mental anguish
mircea_popescu: "Hey @jimcramer can we set up
a time to chat about Bitcoin? If your not convinced, I'll give you 5 BTC for free #Bitcoin #BitInstant"
mircea_popescu: i'd be worried if it's anything other than
a second anyway
jurov: even if it would be
a second or two apart, that is well inside requirement for this application
mircea_popescu: there's
a difference between "you can get" and "developer assures you it's workable"
mircea_popescu: but his stat would necessarily be
a little off the actual divtime
jurov: no i understood topace asking for
a possibility to compare mpex-issued timestamps
mircea_popescu: to make
a push request so that the time on it shows he got in early to deserve dividends on PT
topace|2: well ill just go with this for now, kinda in
a rush to get out of here
mircea_popescu: we do not have the resources to sustain
a consumerist attitude on the users.
topace|2: not
a problem for me, but if someone makes the push before, but doesnt post it to havelock until after, then they completely miss out on the dividend
mircea_popescu: but as
a prototype : "21:08 <assbot> [MPEX] [S.DICE] [PAID] 445.0881225 BTC to". all pushes you received prior to 21:08 you count as before
mircea_popescu: the thing here is that this sorta conflicts on
a philosophical level, as in, i'd rather have tx's dated by parties than by central system.
mircea_popescu: MJR_ on
a monetarist basis. further currency introduced at
a fixed rate, about 10% annualised.
MJR_: bitcoin is inflationary? on
a net basis...i would say it is deflationary now (the goods available are increasing faster than the currency)
MJR_: in S.DICE's case, you have
a positive number
mircea_popescu: "honey.... let's move to cancun,
a lot of cheap sluts over there and they have bigger tits than you do"
MJR_: well, getting back the same exact amount you invested is
a net win
ThickAsThieves: i also havent pinpointed
a specific place and argument for moving there either
MJR_: so...in
a deflationary currency, 0% interest is pretty good
gribble: Error: "assbotiloveyou" is not
a valid command.
gribble: MtGox lag is 70.001993 seconds. During this time, light travels 0.140283210191 AU. You could have sent
a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
MJR_: s.dice still turned
a profit after that month
gribble: MtGox lag is 29.336976 seconds. During this time, light travels 0.0587909714308 AU. You could have sent
a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
gribble: MtGox lag is 18.559306 seconds. During this time, light travels 0.0371926414237 AU. You could have sent
a bitcoin ten times between Earth and Moon (0.0257 AU).
gribble:
A market order to buy 3500 bitcoins right now would take 508025.3582 USD and would take the last price up to 146.9727 USD, resulting in an average price of 145.1501 USD/BTC. | Data vintage: 7.8158 seconds
gribble:
A market order to buy 2500 bitcoins right now would take 361889.8503 USD and would take the last price up to 145.9200 USD, resulting in an average price of 144.7559 USD/BTC. | Data vintage: 0.0002 seconds
evoorhees: I don't think the gov has any intention of
a crackdown just yet
[\\\]: is that
a bfl 2 weeks?
evoorhees: I'll provide
a good update in about 2 weeks I think
evoorhees: has this been
a matter of contention?
evoorhees: my apologies for the low performing month, the 1920 btc jackpot really put
a damper on things
gribble: Error: "tixker" is not
a valid command.
gribble: MtGox lag is 46.315103 seconds. During this time, light travels 0.0928149478423 AU. You could have sent
a bitcoin ten times between Saturn and Titan (0.0802 AU).
Bugpowdurr: it lags when
a big order goes off and cleans out
a big set of standing orders
gribble: MtGox lag is 196.769549 seconds. During this time, light travels 0.394323973054 AU. You could have sent
a bitcoin from the Sun to Mercury (0.39 AU).