log☇︎
319100+ entries in 2.507s
mircea_popescu: 1st being a certainty.
Bowjob: I told him since he's such a sensitive guy, I can sell him $100 worth of bitcoins
pgp: i wonder, do you think that they are just running a gox shadow book?
kakobrekla: i hear that a lot
Bowjob: litecoin dropping like a bitch
mircea_popescu: this conversation is layered in such a way...
tiberiusiv: thats a complete myth chaang
Bowjob: k i thought it was just a cathloic thing
tiberiusiv: if bitcoin fails that will be the end of crypto for a decade +
mjr_: his wife said: it would be more dignified to stop here...i can't stay with a man who consorts with minors
mjr_: mircea_popescu: 4 million a month in alimony
mjr_: figured that was a rhetorical question
Chaang-Noi: bitcoin is a ltc test:)
imsaguy: testnet is a bitcoin test
imsaguy: litecoin isn't a bitcoin test
Chaang-Noi: lol ltc is a scam like btc right?
kakobrekla: tiberiusiv a bit more
kakobrekla: i made 100% on ltc in a few days as well
Chaang-Noi: but i wont sell more, in a year it will be much higher, esp if we get it listed at trade hill
Bowjob: it seems to be dropping like a rock
mircea_popescu: it will just fade for six months or a year, then some clueless nitwit a la Ryan Singer will "bring it back"
tiberiusiv: etoro was more of a gambling site
Bowjob: would it be favourable for someone who bought a mini rig eons ago to capitulate and wait to pre order avalon # 3 instead?
mjr_: did anyone hear about etoro? was that just a rumor?
mjr_: i would like to sell puts and buy calls at a certain price
mircea_popescu: options are kinda a must for them
mircea_popescu: in a fiat perspective
mjr_: its a nice way to give yourself exposure
Chaang-Noi: 1000% in 30 days is a bit much
mircea_popescu: anyway, far out of the money calls are great from a fiat perspective. say you are sure btc is going to 500. what can you do ?
Chaang-Noi: so to get 20x 1/76 a btc it would not be worth spending 1 btc, lol
Bowjob: id appreciate a heads up Lol
mircea_popescu: costs you about half a btc to buy, get 2 satoshi per if you sell
tiberiusiv: 30k of volume is quite a bit
Chaang-Noi: what is the price on a call option for 30 d for 75 btc?
tiberiusiv: is that a 75 call option?
mjr_: well...perhaps there is something to the old saying "neither a borrower or a lender be..."
tiberiusiv: think of germany as a large department store, and all of its customers use only the store credit card to purchase goods
tiberiusiv: no it means you run a vendor financing model
mircea_popescu: tiberiusiv there's a problem of marginality here,.
tiberiusiv: total credit market debt in US is 58trillion, bernanke is having a difficult time creating 3tril
mircea_popescu: this is true, but no government ever has or ever will survive a one third haircut of assets.
mircea_popescu: lol listen tiberiusiv, something like a 30 to 40% haircut => collapse.
tiberiusiv: teach people a good lesson about being naive and lazy
mjr_: they weren't using the bank as a "tax haven" they were using it as a "bank"
tiberiusiv: well theres a reason they are average and working
tiberiusiv: how is it a sudden thing? everyone knew cyprus banks held all their assets as greek bonds
mjr_: you have a promise from the bank to pay you when you ask
mjr_: it's a wonderful life?
tiberiusiv: the depositers are recieving a great deal, 9% loss or 100%
Chaang-Noi: could take a day
tiberiusiv: bowjob: most of the depositors in cyprys were earning high rates for a decade +
Bowjob: thailand seems a scary place too. ive seen bloated bodies everywhere
Bowjob: but I fear I might be a target as a tourist
Bowjob: i wonder if number 3 is a good buy
kakobrekla: imma gonna try to get a board
Chaang-Noi: if real might be a great buy
kakobrekla: twas a 10 chip spartan board
Chaang-Noi: not a scam??
kakobrekla: >I totally agree and we understand this. Timing is crucial and we have only a couple of months to make serious profits. Bitfury did not sleep for last 2 days :-)
gribble: Error: "gox" is not a valid command.
Chaang-Noi: 6k is kinda of a wall :/
Namworld: I got a bit of ASICMINER. Not enough in my taste but anyway.
Chaang-Noi: $800 a month not bad, but why not just asicminer? :)
mod6: need a volume data point maybe
BitHub: so better to have paypal in there then say give me a go
Bugpowder: Series A should cover it an amore
Bugpowder: Sure. But this is PEANUTS for a real company
Bugpowder: So, my reading of the FinCEN guidance is more positive now that it is established that it costs $1000 to register in WA. I don't know if that let's you operate in other states as well, but if you need to register in all states then lets say $50,000 and a pain in the ass.
BitHub: so you just need a 1000$ licence?
benkay: i haven't felt like this since reading ayn rand as a wee one
dub: if you can handle a mop you go into the janitorial arts which probalby pays better
dub: if you are not good at anything you become a cop or a teacher
benkay: government as a service
mircea_popescu: i'll just have you shot, a bullet is cheaper.
mircea_popescu: you want to be helped, give me a good reason.
Bugpowder: Lawyers are expensive, but its still pretty hard to hit $1MM on a single tranactional licensing setup
dub: ok, perhaps the problem is that we are already at a toage of societal evolution where reverting ro your ideal is not feasable
BitHub: would you pay a guy alot of your money if all he did was cockblock you from a really hot girl all the time?
mircea_popescu: familiar with the millions for defense but not a penny in bribes line ?
dub: the problem is pushign the dead into a hole is not the only cost, there is fallout
mircea_popescu: the cost of pushing dead bodies with a bulldozer vs the cost of pretending like the idiots are people.
mircea_popescu: i mean forget the strawmen and red herrings for a second.
dub: its also a shitload cheapt than sticking them in prison
dub: mircea_popescu: having people dying about the place is a big burden on society
BitHub: its a sick joke anyway
dub: BitHub: I dont live in america, I pay tax to get healthcare, education, a working society
BitHub: why pay a middleman that does a shit job at creating a society?
dub: you get a society, pay for it
Bugpowder: Got a friend who has dinner with him occasionally
Diablo-D3: shit like this gives Elon a boner
BitHub: i'm a contractor for BitHub
mircea_popescu: suppose you want to give a girl a 2nd pair of tits.
Diablo-D3: a car
Bugpowder: Suppose you wanted to buy a Tesla.
BitHub: so i shouldn't give a shit?
BitHub: what a joke
benkay: i see a road to acceptance in america.
Bugpowder: and paypal starts a service
benkay: as a normal user it'll be perfect, bithub