log☇︎
320500+ entries in 3.265s
gesell: dub: i agree. if it comes though it would be slowly and with a different label
dub: you're going to have a hard time selling these guys oversight
gribble: Error: "goxlag-but-make-it-intersting-please" is not a valid command.
smickles: it was over 600 a moment ago
gesell: i dont know, im not a fan of kill switches so i'd like to see bitcoin-dev's learn from this so that similar bugs in the future can be handled without shutting anything down
kakobrekla: do you have a broker
dub: whats a time like this for traditional markets?
kakobrekla: when you go to a foregin country
gesell: kakobrekla: first, im sorry this is all happening. im sure it is ruining some peoples day. but why do you see it as a mtgox problem?
kakobrekla: this is a serious problem
mircea_popescu: wiggzz that issue is taken care of by a little insurance premium on oputs issuance
wiggzz: say you write a put at 21, with USDBTC at 40, required collateral is 0.525 BTC?
pizzaman1337: quick, take a screenshot!
kakobrekla: a round number!
gesell: Bowjob: im not paniking. just aknowledging that the market is filled with a significant number of people investing more short term that will panik
Bowjob: Everyone quit panicking, its just a few blocks. Tomorrow, we shall see $50
gesell: ive watched it happen. a lul for a few hours then around 10am de time (8 9 whatever UK) a lot of activity
gesell: the thing with the bitcoin market is the reaction extends over a long period. so what you see happening now will continue in a similar manner with the EU wakes up
mircea_popescu: Chaang-Noi i would guess it will be solved within a couple of hourd.
gesell: im a bit worried selling on bitcoin.de though because if the buyer doesnt care to loose a bit of reputation they could just backout
mircea_popescu: you can't make more than 50 bucks on a 50 struck put
Bowjob: should be a few hours
gesell: something that really disturbs me right now is the number of way overpriced buy bids still sitting on bitcoin.de (a p2p exchange with pretty high volume)
wiggzz: but, on a put required capital is not as great as they can fall
Chaang-Noi: after 6 trasactions could be a sell off yes... but people seeing it is fixed will be like, cheap coinz!!!!!!!
pizzaman1337: Chaang-Noi: but when they open it up, there could be a selloff
mircea_popescu: that's a point.
Bowjob: actually, I could sell a few coins and buy back cheaper
gribble: Error: "ticer" is not a valid command.
gesell: i shouldnt give any advice. i dont know jack. but i will hedge a little when it bottoms out anyway, for myself
smickles: mircea_popescu: i also have those p310t's i bought a while back
vampireb: imo a crash is good
gesell: by all intents and purposes this is most definitely a crash
the-bucket-shop: because of a bad btc price
smickles: ThickAsThieves: if a significat amount of investors view their assets in terms of usd, then mebbe
ThickAsThieves: so in a situation like this, where the usd/btc may fall on confidence, am i safer being mostly invested in assets?
smickles: i see that as a goos ~8 btc spent
mircea_popescu: ya let's keep that part a little quieter shall we.
dub: No cause we're too cool for testnet and elbow grease, gotta spend 16 hours a day on -dev talking about what we think of Satoshi Dice and how many whales fatass Gmaxwell could swallow whole.
dub: gesell: alternatively 'bitcoin is a joke'
dub: its just a correction
assbot: You cannot stop the clouds by the building of a ship.
smickles: a direct transfer from me to them would be a lot faster
gesell: the-bucket-shop: the long term is great. but the bible says to be a good steward with your money so im just wondering if im being a total idiot just holding at this point
gesell: so its a selfish question now but ive always invested long term. and now im wondering if its time to pull and wait
dub: I think $10 might be a bit bullish
mircea_popescu: yeah, outlook is a little bearish i guess
gesell: im trying to guage if there will be a queu of sells waiting to flood through exchanges once things get back to speed
mircea_popescu: gesell it's a temporary thing.
mircea_popescu: vampireb it's hopefully the end of a certain misplace attitude.
vampireb: the result: bitcoin foundation would be promoted as a saviour
the-bucket-shop: never let a tragedy go to waste fellas. Plaster Satoshi Dice's name all over the news and posts if you can.
benkay: i'd take a bearish position on ltc, settled next month...
vampireb: so what? it isn't the end of the world. a minor hiccup
mircea_popescu: vampireb so he was looking to hire a qa. good for him.
gribble: Error: "proxies" is not a valid command.
dub: but today would be a good candidate
smickles: well, if anyone want's to short s.mpoe, i have a fair amout of shares available
mircea_popescu: vampireb don't you start. read up a little eh.
vampireb: well not a bitcoin issue, the old db was a problem
mircea_popescu: there's a lot of intrinsic strength in the open and independent dev model.
evoorhees: Bowjob don't be a fool. If you actually saw the devs react to this and remedy it, you'd be very impressed
mod6: i've got a chain that was last updated dec 29th...
kakobrekla: btc is fragile as a cracked egg
mircea_popescu: then pay for a blk
BitHub: mircea do you think the bitcoin foundation will pay out a compensation? lul
mircea_popescu: it's just that now btc is worth half a bn dollars
BitHub: bitcoin been failing a bit lately
Bowjob: This is a huge blow to bitcoin. WTF I thought its supposed to be secure
davos: not a crash
Chaang-Noi: is there a link with more info on the forum or something?
Chaang-Noi: i have not made a btc payment for about 12 hours, will this make me saffer even if i use the new client?
pigeons: yeah ltc could never get this bug because that many transactions in litecoin would never propogate quickly enough to get included in a block
Chaang-Noi: glad i has 150,000 as a back up crypto currancy
pigeons: everyone go take a walk and get some food and come bac in a few hours
mircea_popescu: you just shouldn't credit payments for a bit.
mircea_popescu: luckily there's still a ways to go
dub: and I'm now ready to buy a different house
dub: fucking assholes now want to talk about my offer after a week of bullshit
mircea_popescu: a. they know shit ; b. they don't even know a. wtf.
pigeons: because the bug in BDB wasn't encountered before because the number of transactions in a block that trigger it wasnt valid before
mircea_popescu: they pushed an unsafe upgrade, without a clue.
mircea_popescu: jcpham done. they owe me a bra now.
jcpham: its a big venue for him
mircea_popescu: jesus passing the buck is like a tradition in bitcoin-devtalk
dub: mircea_popescu: its a previously unheard of issue with BDB, the block size triggered it
jcpham: anyone want to help me with a e-poll
mircea_popescu: as in, "it's a blocksize issue we've introduced with 0.8"
dub: no its a block size issue affecting BDB in 0.7
BitHub: is this a scam?
dub: now would be a great time to dos guild
mircea_popescu: would it be possible for the bot to keep a count of the chat lines during past 5 minutes and send that response by pm if value > 50 ?
mircea_popescu: here's a tricky thing :
mircea_popescu: reading a digest of the bitcoin-dev chan, i am struck by how incredibly pompous these people are.
mircea_popescu: the net result is a positive feedback loop of great danger
mircea_popescu: this is probably a recipe for disaster
gesell: up to a certain limit, perhaps set based on numbers of averages on other exchnages
gesell: its a shame geocities is down. mpex hosted via geocities would just be perfect
gribble: Error: "slab" is not a valid command.
mpexbot: and if you can, hire a group to make it happenj