315800+ entries in 2.606s
MJR_III: 10 terabytes? that has got to cost quite
a bit
MJR_III: what is the cost of
a ddos of that magnitude?
jurov: mircea_popescu cuz you didn't use amazon loadbalancer... granted, with 10TB traffic it would get
a bit expensive :)
mircea_popescu: some ninny actually took the time to blow them up one at
a time
MJR_III: exactly, its just
a simple authenticator which serves as
a gatekeeper before you connect
jurov: bah, it can be just
a bunch of spot instances or cheap vpses
MJR_III: and it changes every 20 seconds according to
a pattern that only you can tell]
jurov: yubikey creates
a pseudorandom string and you know what the strign is going to be, no?
MJR_III: and yes,
a pool of ips, but that shouldn't be that hard
jurov: yes you need
a pool of ips
Troic: nothing to stop the dosser getting the ip, well 30btc, unless each user has
a differnt ip/isp
Troic: hmm what good is
a different port if your upstream connection is saturated ?
MJR_III: hence you have to have
a valid logon
MJR_III: i wonder if you could create
a fix engine in
a web browser
MJR_III: or if you had
a vpn session or something
MJR_III: like have orders on
a certain port
smickles: wow, you picked
a winner of
a site do trade on
MJR_III: its mostly for fun on my bitfinex account, i usually just lend out the money, but interest rates have dropped, so i am actively trading the account to try and grow it
a bit
MJR_III: they say
a lot of ceo's are sociopaths
smickles: mp is just
a greasy wanabe pimp
bgupta: Is there
a relatively conventional futures market in btc?
pgp: mt gox makes it
a closed system to
a certain extent
Bugpowder: I bet
a 1MM bid moves any midcap stock at least as much
Bugpowder:
a 1M buy right now moves the price 5%
Bugpowder: there is
a 1.5MM bid at 76 right now
Bugpowder: single 1MM gox orders have been going off once
a day for the past 2 weeks
jurov: but you can't use them as
a proof of stake tomine
MJR_III: it would need to have
a signifigant advantage
smickles: i feel like the proof-of-stake bit turns it into
a game, get 51% of the coins and you win
MJR_III: while i rate all other cryptocurrencies chances as around 1% might be worth it to hold
a basket of all of them, just in case
jurov: everyone who has enough coins*time can have
a right to issue
a block
assbot: Hell, ain't we about more fucked than
a whore at closin' time, huh?
MJR_III: i think that one thing is becoming clear, from kickstarter projects and bitcoin projects, creating
a cool website is not the same thing as creating
a viable business
error4733: change
a little setting in any part of the process and you get 6 more month delay
error4733: i still think in this big money business, should be easy to give 50K$ in china to fuck up
a concurrent
MJR_III: someone thinks there won't be much of
a dividend i guess
MJR_III: and prob done
a smaller process
error4733: was not
a strategic choise for time
MJR_III: so BFL's stated design may be
a better product
MJR_III: and that is
a total of 44 TH
pgp: say that batch 1 and 2 ws
a total of 60 TH - 100% of current network hash rate
MJR_III: not
a bad sale i would say
MJR_III: think they sold out batch 3 in under an hour...thats 600 x 80 btc AT LEAST for
a total of 24000 btc
pgp: it's
a 1849 style gold rush in ASICs right now
topace: We've been tracking down
a power issue these last few days and have it isolated to
a few key systems. In the interest of time, we are planning on potentially scaling back units hashing speed as required to accommodate the extra power and shipping multiple units to those that want their units right now. If would would prefer to wait for
a unit after we've made some changes to the systems that need
a bit of tweaking, we will be happy to put your sh
topace: heh so bfl now has
a working asic, but its using too much power
gribble: (eauth <nick>) -- Initiate authentication for user <nick>. You must have registered
a GPG key with the bot for this to work. You will be given
a link to
a page which contains
a one time password encrypted with your key. Decrypt, and use the 'everify' command with it. Your passphrase will expire in 10 minutes.
topace: been getting
a lot of push requests lately
ThickAsThieves: I have Deprived my coinbr referall as
a tip, and invited him here
bugpowderr: its
a same Deprived doesn't hang out here
mircea_popescu: "Unfortunately, without proper funding and with limited manpower running
a project of this magnitude has proven to be very difficult. Recently, these problems caused for
a group of users trouble and losses of funds. Ultimately, that's why we decided to shut down BitMarket.eu and stopped trading."
DeaDTerra1: Yea, I would love to have
a connect to future/option market
MJR_III:
a future contract maybe...
mircea_popescu: maybe putting
a btc ask for
a slightly above mkt price may work naturally to attract fiat ?
DeaDTerra1: We are willing to offer 0.5-1% for
a loan from today to Monday/Tuesday when the wire hits out MtGox account.
smickles: or an interest rate limit if the rate is in
a contract
DeaDTerra1: 10k$ ish, btcx.se (where I work) are totally out of float, people just got their salaries and it's now
a four day holiday in Sweden...
smickles: tiberiusiv: how come that video has
a bunch of comments saying that it's not like that anymore?
smickles: coming from
a country where our dear leader has
a public assasination list, corruption doesn't sound all that bad
MJR_III: anyways, i think if you could hash 2.5x as fast...you would be making
a ton of money
smickles: and america is ripe for bashing, it does
a lot of stupit shit
jcpham: mircea_popescu did you know i can buy
a judge for $500
smickles: MJR_III: if you notice, i granted him the fact that mircea_popescu is
a fraud and asked him what i should do about it
mircea_popescu: MJR_III not air. WATER! run
a stream through your thing
mircea_popescu: eh gtfo. facebook doesn't have
a revenue model, is worth 100bn
mircea_popescu: i wonder if it'd be practical to make your asic farm in
a small siberian town
MJR_III: just the asic...and use
a raspberry pi or whatever as the controller...it could hold the blockchain etrc
MJR_III: its
a super simple chip at the end of the day
MJR_III: jcpham: i mean for
a real industrial asic plant
smickles: tiberiusiv: I haven't noticed an exaggeration. Are you talking about something you saw in irc or on
a webpage?
mircea_popescu: jcpham use
a heat exchanger to power
a little steam turbine
MJR_III: but you can pump it through
a cooler
Diablo-D3: mircea_popescu: why do you think I'm working out
a $250m plan thats all involving
a DC?
MJR_III: and then you pump the oil through
a cooler
MJR_III: well you should probably never unsubmerge, or once
a year
MJR_III: yes, why has no one tried an oil rig for
a miner?
jcpham: i've seen
a submerged oil rig
smickles: ok, so add the lack of
a mainstream interview to evidence that he's
a scammer
mircea_popescu: Diablo-D3 minus
a lot of the overhead. i think at least.
Diablo-D3: mircea_popescu: yeah, but all you're doing is making it into
a DC
smickles: tiberiusiv: so you suggest that he's
a scammer b/c he's romainian and allows people to post pictures you don't like, i understand that. What would you suggest my course of action be based on this information?
mircea_popescu: if i were runningtheir outfit i'd rend out
a warehouse with
a good triphase line
MJR_III: like i always say, if you are not bullish on bitcoins, why start
a company in this space
mircea_popescu: see, it's
a mixed blessing.
a year ago they made red ink but at least knew all the costs.
mircea_popescu: the thing is, it takes 9 months to get
a child out of
a woman. not negotiable.
mircea_popescu: think
a little about the 10k
a month and under exchanges.