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mircea_popescu: ok, i got a better one maybe. cars crash all the time, is that a lesson not to drive ?
mircea_popescu: Anduck people get divorced all the time, is that a lesson not to get married ?
mircea_popescu: moreover, if someone knew why people trust them they could hack more trust i guess
mircea_popescu: then again, there was that pool-cum-ponzi combo recently
mircea_popescu: Graet arguably tho, much less trust is needed to mine on a pool. at most they lose a few day's hash
mircea_popescu: i think some people met pirate or else someone hired for the job at some point
mircea_popescu: Graet his q is pretty stumping tho. i mean, why do people trust one!
mircea_popescu: possibly not at first. it's been going for a while tho.
mircea_popescu: as to smickles i never met him irl but he's been my broker for a while and upstanding.
mircea_popescu: none of these actually ever did what they were supposed to. the bmf thing never had actual mining gear, for isntance.
mircea_popescu: Anduck he had a miningthing (bmf), an insurance thing (cpa) and a braindamaged cdo thing (nyan series)
mircea_popescu: you're probably looking at more drama than it's worth.
mircea_popescu: Ukto well, he's nutty and fucked up a set of imaginary assets.
mircea_popescu: apparently they've taken egold and added some ponzi to the mix.
mircea_popescu: "eNumbered is the choice of Occupy, Anonymous and Silk Road users." << ahaha people are seriously retarded enough to think this is a selling point ?
mircea_popescu: and we could have babies and name them all mircea mircea
mircea_popescu: i was perturbed enough a year or so ago when i found out who mircea monroe is
mircea_popescu: "The percentage of working age Americans with a job has been under 59 percent for 39 months in a row."
mircea_popescu: bitcoin had ~60k hosts last sept but is around 18k now
mircea_popescu: and he says he has experience. yet even hedge funds stop shy of 100:!
mircea_popescu: and then took that leverage and did a 5:1 on top of it at bitcoinica
mircea_popescu: basically, he was trading 20k of OPM on the strenght of 180 of his own
mircea_popescu: well at any rate i'm not going bust over 1700 btc omfg.
mircea_popescu: but you know... i was here before pirate. some people preferred bitcoinica to mpoe. those people got screwed. it was a choice tho wasn't it.
mircea_popescu: in fairness, i should probably learn about quotation marks
mircea_popescu: what is with this expectation! it's getting ridiculous
mircea_popescu: spot sellers a la d&t DBordello etc are probably safe for a while yet, but in general it's a closing window.
mircea_popescu: the exchange market is going out of the "we can do anything" phase, there's no room left for one man and his hopes operations. which means pretty much all the extant ones will close down, and likely miost of them will close down ugly.
mircea_popescu: and tbh i think keeping money in anything other than mtgox and those frenchypoofs with the eu partnership is at this point cruising for a bruising.
mircea_popescu: Unfortunately, I have very bad news. I cannot currently proccess your withdrawals. The situation is very complicated and it's all my fault, that's why I feel terrible about it. I tried to make this up, to keep the site afloat and somehow recover the funds, but it's not possible anymore. Right now there are 1786 BTC pending withdrawal, which I can't honor...
mircea_popescu: smickles yes. jurov's representation is muchly exagerated :D
mircea_popescu: that's when what you learned fucking with it will command 10btc/hour
mircea_popescu: they have no way of knowing you exist, not like socgen trolls irc
mircea_popescu: the twitter to assbot latency is larger than the mpex.co to order queue latency by a degree of magnitude
mircea_popescu: <mod6> it may possibly be the only real market in the world, even guys in nyc or chicago trading pits have to combat these HFTs <<< i know. atm i actually do have an edge over nyse/etc.
mircea_popescu: <jurov> no, the slow order placing/cancellation << order placing isn't slow ?
mircea_popescu: i mean... it'd be in any case more effiicent to place limited time orders given that the bot knows how often it runs
mircea_popescu: and as the entire thing is stateless the only thing you can do is examine the state later
mircea_popescu: not exactly. the system you're talking to has no idea/not the authority to know what order id the order will get or how will be executed
mircea_popescu: thestringpuller> whoa buying code <<< MPEx has built an ecosystem