6400+ entries in 0.112s
mjr_: i have x amount of cash, i CAN buy a bitcoin
mjr_: not the same at all
mjr_: now, as they learn more and more
mjr_: how? everyone with fiat could buy bitcoins
mjr_: that is the fuel available
mjr_: the entire world economy?
mjr_: and in this case bitcoin is so small that the fuel supply is huge
mjr_: but there are emergent phenomena
mjr_: and it also depends on the demand dropping off way before the new adopters get in
mjr_: "You need to be a special kind of an idiot to implement system as slow and fucked up as mtgox's." -reddit
mjr_: lol that is a great point jurov
mjr_: people who saw cnbc yesterday or the day before...they can't even get into gox for like 10 days maybe
mjr_: there is another goxlag that we don't measure quite as well
mjr_: cuz bitcoincharts is down
mjr_: lol Bugpowder: you set them at 119 or 117?
mjr_: the victors write the history books
mjr_: from my perspective, what survives is what should have survived, a little tautological i know, but that is how the world works
mjr_: VHS was more fit than BetaMax, even though it was worse as a technology
mjr_: its survival of the fittest, but that doesn't always mean pure ideas, that can mean influence
mjr_: but even so, someone releases their version and it works until it doesn't...issues arise and people vote with their feet and dollars
mjr_: TradeFortress: true, and i think that should be where it goes
mjr_: but this cuts to the core of my point, everyone relies on software developers, unfortunately the software doesn't spring fully formed from the sea foam
mjr_: TradeFortress: i agree...but in a capitalistic sense, you can choose what people offer or make your own, i think for long term adoption backward compatiblity is of course necessary
mjr_: TradeFortress: you can create your own version that gives you what you like about v3 and make it compatible...this is my point, software is not a right
mjr_: in the future that will happen...but you will still have issues where people rely on software and are beholden to the developers of said software
mjr_: does that not change the payout spectrum in your favor to do it
mjr_: no force in btc, acquiescence but not force
mjr_: if you force me, your fault
mjr_: hey, you can ask me to lend to whoever you want...if i do it...my fault
mjr_: and we will see banks that use bitcoins, deposit insurance, chargebacks etc
mjr_: TBH i think that most people cannot face this brave new world
mjr_: well, they tried to game the system
mjr_: i wonder...what would have happened if they hadn't...hard to tell at this point
mjr_: a choice for the status quo
mjr_: well...i think there is always a choice, but i also think most are too stupid to make one, but no choice is a choice
mjr_: why not force old version to upgrade
mjr_: i thought the roll back was stupid...why go to the incorrect chain
mjr_: not that this was the case
mjr_: so if someone releases something that is obviously borked
mjr_: also...at the end of the day, miners, and all bitcoin users do rely on the software used to run the network
mjr_: now with asics i think you will see more solo mining
mjr_: you can solo mine...
mjr_: specifically that pool
mjr_: and everyone who chooses to use a pool
mjr_: but at the end of the day, "the market decides" and it decides to follow gavin i guess
mjr_: oh i agree its a problem
mjr_: and they earn the right to do so by having the mining power
mjr_: but that is their choice
mjr_: i don't know, they could have been sheepishly following
mjr_: but i think they took into account the fact that a fork could have damaged their long term gains into account
mjr_: so in the end, whoever can convince the most people will change the course of history...par for the course
mjr_: i just mean that you could have lobbied for the longer chain...or miners who wanted to continue that path could have
mjr_: well...the fact that the choice remained with them means that you may get centralization in effect, but not in cause
mjr_: if the bitcoin foundation could have unilaterally negated the fork...centralization
mjr_: or you could say that 51% of voters colluded to elect the candidate they prefer
mjr_: yes, that is the difference, but also...you could say that everyone buying bitcoins is "colluding" to raise the price, all our actions are working towards the same goal
mjr_: collusion is not the same as centralization though the effects can be similar
mjr_: maybe lag is a feature not a bug?
mjr_: not a bad day for gox
mjr_: ;;calc 14455747 * .006
mjr_: 14 mill in last 24 hours...
mjr_: ;;calc 120.69450 * 119771.38207326
mjr_: which is usually the bottleneck
mjr_: i meant use exchanges to move from fiat to btc
mjr_: mircea_popescu: you were one of the first to offer financial company news over twitter, lol SEC agrees
mjr_: AND...it is worth paying taxes if the money is right
mjr_: that's why i said bitfloor
mjr_: and so far its been good to me, though YMMV
mjr_: also, bitfloor is in the US
mjr_: yeah, the bitcoin atm will prob do very well at extending that trend
mjr_: bugpowder would be happy with those numbers
mjr_: the volume is very high
mjr_: it looks like there aer some big fish getting in
mjr_: i love the new au feature of goxlag
mjr_: did they close the SA thread?
mjr_: 24 hour volume: 113914.00406253
mjr_: and being limited by 200 strike
mjr_: i was mostly joking about 188 calls...
mjr_: you gotta love how wide this spread is
mjr_: and they don't wait 5 minutes for an order
mjr_: there is a global forex market where trillions of dollars are traded every day