324700+ entries in 2.156s
imsaguy: haha, I broke
a lot of cherries back in the day
imsaguy: ok, its time to go stick my head in
a meat grinder.
mircea_popescu: if they spike us up and then their gear dies early in
a recalc cycle it'll be nasty.
mircea_popescu: if
a set mines at 12th on average for 500 hours and then pops
mircea_popescu: how do we know avalons/asicminers aren't premining
a huge chain!
mod6: he's just
a random guy with 1 bad rating... might be somewhat superficial.
pigeons: starsoccer doesn't know that he's
a scammer
imsaguy: half weren't active more than
a week
imsaguy: neg ratings aren't always
a bad thing. neg ratings from an idiot source really aren't neg ratings.
mod6: but... i guess they need some monitoring in there and there isnt
a ton of trusted people left to do the job.
mod6: seriously, its
a bunch of dudes who even have neg ratings as oppers.
mod6: (10:04) <+mod6> What MPEx is, is not
a website. I'm not sure why people fail to understand that. It doesn't even really need
a damn website.
pigeons: he's been on my ignore for
a year
mircea_popescu: Garr255_Lappy you got
a graph of cognitive price somewhere ?
mjr__: is there
a crossed quote on mpoe?
kakobrekla: i had
a passive nvidia running at 105 degrees C for years
jcpham:
a rig box full of passive cooled gpus
DeadWeasel: I get 171 with
a ati 6770, but it's not worth it.
DeadWeasel: i'll take that as
a yes, mircea_popescu
kakobrekla: ya
a fpga is running somewhere in the house
DeadWeasel: bouncy bitcoin.
a lot of hungry mouths were waiting for that drop.
jurov: Nomura Securities copies MPEx after
a year and
a half… yeah here we go
mjr__: going to grab
a smoke brb
mjr__:
a hedge fund wanted to raise btc so they could convert it out of btc and put it into the stock market
mjr__: so, whether it is
a hedge fund or
a public company or an etf
mjr__: so that anyone can actually have
a portfolio with publicly traded shares
mircea_popescu: getting involved is
a guarantee they put the effort into understanding.
mircea_popescu: dude. somebody who doesn't understand does not and can not have
a position of power.
mjr__: that is
a nice way to do it too
mircea_popescu: you get
a closed partnership with
a billion under management
mjr__: but if you have
a publicly traded stock
mircea_popescu: this would not be open to the masses for
a decade at least.
mjr__: just
a tiny fraction of the money on wall street could quadruple the "market cap" of bitcoin
mjr__: they have
a hedge against the dollar
mjr__: its easy, you let people buy
a bitcoin backed ETF with their etrade accounts
mjr__: if i had
a few tens of mills it would be done already
mircea_popescu: all you need is someone start
a general partnership with
a few tens of mils from
a dozen friends
mjr__: getting it publicly available would cost like 50k, and that is just basically
a setup fee
mjr__: and at that point, we will see
a ton of demand all at once
mjr__: i know that
a lot of people in this field are in finance
mjr__: at some point, people on wall st will realize that instead of gold, bitcoins are
a much better opportunity against the dollar
mjr__: i already convinced the CEO of my company and he is meeting with some Forex guys and is going to see if they could offer
a product using bitcoins
mjr__: so now i am looking at
a slower approach to start
a hedge fund type deal
mjr__: but i would have to do
a reverse merger for that and buy
a public company
mjr__: my original plan was to get
a public company with bitcoins as assets
mjr__: you can first of all get
a rally up to $100 if capital starts pouring in
mjr__: that was
a quote from ludwig von mises
mjr__: i just finished antifragile, and i think it is
a great book, i just wonder if he is aware of bitcoins
mjr__: There is no means of avoiding the final collapse of
a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as
a final and total catastrophe of the currency system involved.
mjr__: lol, yeah, it is
a flash heavy site
mjr__: same on any stock exchange when you are in
a different country
mjr__: but that does not change the fact that when measured in USD, your total return is still
a function of price of bitcoins and price of shares + dividends
mjr__: i'm like, you sell and buy S.DICE or S.MPOE using bitcoins, it's
a way to grow your bitcoins, and the value of those bitcoins changes, so your total return when measured in dollars is
a function of both effects
mjr__: i mean
a million dollars
a month is not crazy, but i think it would move the market
mjr__: has to have some impact, i think it's
a combination of them and the ton of news coming out about bitcoins
mjr__: they are pretty new and supposedly doing
a ton of volume
mjr__: mircea, do you think that coinbase could be
a large part of this rally?
mircea_popescu: "Yeah, yeah, I can tell you do not have
a very highly developed capacity for abstract thinking -- developers do not necessarily care much about the design of things but often prioritize functionality, i. e. you are not my target market so go and play with some lego blocks, I am sure you will find them colorful and appealing."
Namworld: Maybe I'm just
a fool... put the average bitcoiner and newbies seem incredibly bearish... that gotta blow up at some point.
Namworld: That bitcoins are sustainably worth that much... it's
a possibility but I'm betting against it.
Namworld: It's
a bulltrap... don't listen to mircea... there's some dude who bought tons of calls. He wants price to go down. He just wants more people to buy calls prior to that =P
Namworld: The price raising fast over the yearly trend seems to be near pirate end, when lots of people got burned. Dropped
a bit afterward. Then everyone started to load up for some reason.
Namworld: yeah, uptrend. But the current price? Might be
a bubble.
swhitt: so I might do
a combination of twitter+irc
mircea_popescu: you can probably configure
a listener bot in this chan and it can push to you wherever tho
swhitt: no way to subscribe to
a push at this time?
mircea_popescu: you can also get the twitter feed, if you have
a twitter api key
Namworld: Some bought back
a few thousands...
Bugpowder: I don't think it was
a bad call though
Namworld: Dropped
a lot, then it started going back up fast