314700+ entries in 2.296s
sturles: It will help against the lag, yes, but at the same time make MtGox less attractive to use. Less volume, less revenye. They will have to find
a balance.
taub: yea, but that isn't the problem yet i think, they aren't nearly at capacity from
a hw standpoint
mircea_popescu: sturles you get
a license. there's corps specialising in this.
mircea_popescu: taub in fairness pretty much everyone involved with bitcoin has had
a huge task just dropped on their lap.
sturles: mircea_popescu:
A good trading platform isn't something you can go out and buy.
taub: However, there are many who will try to take advantage of the system. The past few days were
a reminder of this sad truth.
sturles: taub: The first version by Jeb was based on
a card trading exchange he wrote, yes.
sturles:
A 100 Gbps DDoS isn't easy to handle for anyone. Reminds me of the Coudflare attack where the attackers went for their upstream providers and kicked out
a few national IXes. I think that one was 40 Gbps.
taub: was mtgox really
a trading card exchange? i thought it was
a rumor
sturles: If you know hoe to fix their problems, you should create
a better exchange.
taub: but taht this is still being ignored tells
a lot about the community
taub: im not gonna cash out cuz im not
a scumbag tho
jurov: "I understand that many of you have
a lot at stake here, but remember that Bitcoin, despite being designed to have its value increase over time, will always be the victim of people trying to abuse the system, or even the value of Bitcoin decreasing occasionally."
mircea_popescu: "In
a bid to avoid revealing the details of
a secret ruling on domestic surveillance, the White House has warned
a federal judge that making the decision public could do “exceptionally grave and serious damage to the national security” of the country."
bgupta: well it's just back up to where it almost was yesterday.. there was
a minor selloff earlier
mod6: Its
a gigantic mind-job.
mod6: Which kinda sucked actually because it was filmed like
a play...
mod6: So I read this book Anna Karenina
a few years back and I recently saw the movie with Jude Law and whomever.. the new one.
mod6: those sites go up and down more than
a las vegas hooker
mod6: just give me
a hammer and
a sicle and tell me where to work and how to spend my money at the general store.
mod6: It's
a short cut to thinking.
mod6: back in the day
a guy would have
a career for his life and then when asked or when he "felt the call of duty" would go into politics. More likely because at that level they can take even bigger amts of cash from lobbiests.
mod6: yeah, certainly low ability to be
a bread-winner or entrepreneur -- so just go into gov and get
a cushy handout
mod6: [\\\]: "I'm just glad your mother didn't live to see you become
a mermaid." "MERMAN... MERMAN!!"
mircea_popescu: the problem with this is that being
a govt official IS immoral,
mircea_popescu: The whistleblowing group WikiLeaks caused
a storm of controversy in 2010 when it was able to download almost two gigabytes of leaked US military and diplomatic files.
mircea_popescu: Mircea Popescu @Mircea_Popescu 54s @AdamPosen What are you, like some sort of retard with
a high self esteem ?
[\\\]: mircea_popescu:
a bunch of hillbillies who have no future
dub: I've got
a bid at 88.8 because china
gribble: MtGox lag is 648.276674 seconds. During this time, light travels 1.29913919623 AU. You could have sent
a bitcoin from the Sun to Mars (1.52 AU).
Bugpowder: close down at the bottom, you don't get
a bounce.
taub: or close down exchanges after
a certain % drop
jborkl: but, there was also
a huge price swing at the same time, so hard to tell
gribble: Error: "nodes" is not
a valid command.
bgupta: it kinda serves the same purpose of
a short circuit, breaking whatever momentum insanity is going on in market
jborkl: wow, that is
a lot of unconfirmed
bgupta: You think
a ddos against the major btc exchange would help
a rally?
bgupta: mircea_popescu: Well you gotta admit that the ddos took the wind out any thought of
a retry at insane rally today.
bgupta: so apparently anonymous took up mircea_popescu's call to pretect freedom by preventing the rise of bitcoin, but instead of selling btc as their methodology, they are ing usin g
a ddos against mtgox. Hey if it can't trade it can't rise. ;)
pgp:
a lot of bids have been pulled
Bugpowder: mircea_popescu: do you want to be in
a documentary re: bitcoin? Was talking to
a super early adopter that has been making
a doc for the past 2 years. I think he has more liquid coin than you...
jcpham: mircea_popescu has
a blog?
Namworld: I have
a feeling we're not done yet with this bubble-thing
Bugpowder: although
a lot of that was just wiped out
gribble: MtGox lag is 6.54048 seconds. During this time, light travels 0.0131070486891 AU. You could have sent
a bitcoin from Jupiter to its second largest moon, Callisto (0.012567 AU).
pgp: not
a lot of depth to that book, eh?
jcpham: and are there 8 bitcoins to
a bytecoin
jcpham: what the crap is
a bytecoin
mircea_popescu: they demo'd
a box of fans and then their board is passive cooled ?!
jcpham: last paragraph: Conclusion. With all that said, I think there’s
a good chance that Bitcoins will continue to appreciate. I still have the majority of the Bitcoins I bought in early 2012 and I plan to hold onto them for
a while to see what happens.
pgp: you can lead
a horse to water
pgp: bitfloor is
a good tech all around, but one man show is
a problem
[\\\]: so then to indicate what they are doing is
a bit premature
mircea_popescu: so far mtgox is
a half-baked buggy implementation of capital controls.
pgp:
a better way will emerge
mircea_popescu: the fact they suck creates
a lot of friction, which insulates us
mircea_popescu: but anyway : i will dare say that
a functioning exchange would be
a serious problem at this point.
dub: not that I have
a problem with that in reference to MPEX, you don't want those 80% but an alt gox needs critical mass
dub: mircea_popescu: it would take
a gyppo with PR that doesnt alienate 80% of potential custies
dub: all it takes is someone that isnt
a) an existing scammer b) from russia to create an alternative
dub: hopefully they stay dossed long enough for
a real exchange to open
dub: he's
a bottom feeder
pgp: so... he's
a survivor is what you're saying...
dub: holding btc is
a nightmare?
dub: thats hardly
a burden, they hold btc unitl court ruling
mircea_popescu: whereby they have
a bunch of bitcoinica funds which two parties are disputing in nz and ca
mircea_popescu: currently they're also involved into
a mess not of their making
jborkl: hen I signed up(right after the hack) they gave me
a free yubikey- free shipping
dub: you missed tux being
a pompus bag of dicks
mircea_popescu: taub had
a bank account in france, french authority investigated them
mircea_popescu: plus making
a narrow escape from the EU for not having banking licenses)
mircea_popescu: this put him in the red all through 2012 (plus some hacks and other unsavory shit, plus taking over hacked stuff like
a polish exchange
mircea_popescu: started about
a year after btc as an outgrowth of
a game cards trading thing owned by the guy now doing ripple.
jborkl: no, it made them
a massive target
pgp: any insight into why they just can't license
a matching engine...
bowjob: gox did
a runner. the biggest bitcoin scam on the universe
bgupta: mircea_popescu: You have
a test instance with fake data? Want to test playing with API without bot asks/bids disappearing.
jborkl: heh, i bought
a pizza for rg last year and he pain me 1.5 bitcoins
gribble: MtGox lag is 614.571582 seconds. During this time, light travels 1.23159456924 AU. You could have sent
a bitcoin from the Sun to Earth (1 AU).
bgupta: mircea_popescu: Modern carriers are massive. have neculear reactors, and
a huge contingent of very expensive warplanes
jborkl: in
a city of 1 million
Scrat: pgp: quite
a lot more