log☇︎
614500+ entries in 0.379s
Vexual: i see yo uagree duffer, i just like to channel bb sometimes
Vexual: cmon that must be wrong, like the minercost chart on blackchain.info, just because its the ny times doesnt mean they haven't left out some vital component of the truth
Vexual: perhaps something got left out of the story, but prolly not
Vexual: theres a scoop cazalla, the 150m card skimmer
Duffer1: here, please commit every fraud you can think of
Vexual: so is carrying another dohickey to sell your wares at the local market
Duffer1: "Square, a six-year-old start-up, spent much of its early years giving away free credit card readers to small and medium-sized businesses, asking for 2.75 percent of each transaction"
Duffer1: hehe every last satoshi that guy had
[]bot: Bet placed: 1.05760644 BTC for No on "Bitcoin to drop under $260 before November" http://bitbet.us/bet/1054/ Odds: 31(Y):69(N) by coin, 32(Y):68(N) by weight. Total bet: 3.3742731 BTC. Current weight: 92,528.
Vexual: bigpicturemining would be the crew to talk to
Vexual: actually, if you fix the second one, and compare it to the first one, you might get something interesting
RagnarDanneskjol: mmm anyone mining with gpu at this point would be operating at massive loss, so doubt that contributes much to the miner stats
Vexual: but hey if the shit works, why change it right?
Vexual: -50k%sounds like gpu calcs to me
RagnarDanneskjol: algo has always been the same
Vexual: i might be thinking of the eclectricity one
RagnarDanneskjol: its just an estimate of total net revenue capture by miners i believe
Vexual: wait, how does that chart work?
Vexual: when exactly did they change the algo from gpu to asic?
Vexual: like the chemical boothers song
Vexual: not like the galvanic scale, but, like, you know
Vexual: im with tat, i think this 300 wall is designed to have some kind of glvanizing effect
RagnarDanneskjol: !s tea leaves
cazalla: happened a few times this year
Duffer1: i don' think i've ever seen that before
Duffer1: lower than btce i
gribble: Bitstamp BTCUSD ticker | Best bid: 299.99, Best ask: 300.0, Bid-ask spread: 0.01000, Last trade: 300.0, 24 hour volume: 75859.24168345, 24 hour low: 275.0, 24 hour high: 335.0, 24 hour vwap: 303.733033662
assbot: Stockgeneration.com The Forgotten Lessons We Learned & Mt Gox.
Vexual likes qntra.net : telling me shit i din't know
Vexual: spend the next 8 years chillin with ross
thickasthieves: bitcoin is proof that black holes exist
BingoBoingo: thickasthieves: You know unlike silver this seems the perfect way to break JP Morgan. Buy BTC with credit cards, send to external address default on the card.
thickasthieves: thats all the info
thickasthieves: lol that Circle test i wanted to do a few days ago, they said my purchase "failed"
xanthyos: BingoBoingo: why is thedrinkingrecord down?
thickasthieves: "As I am writing this, BitStamp & BTC-e prices (300) are 3% lower than OKCoin (311) and other Chinese exchanges, indicating users outside of China are driving down the prices, and China is following the price drop. Simple as that!"
assbot: Who is Leading the Bitcoin Price Change – OKCoin Blog
asciilifeform: there's a reason no one but usg funds the 'homomorphic' work. it is - their wet dream.
gribble: Bitstamp BTCUSD ticker | Best bid: 299.41, Best ask: 300.0, Bid-ask spread: 0.59000, Last trade: 299.42, 24 hour volume: 72840.32833589, 24 hour low: 275.0, 24 hour high: 339.43, 24 hour vwap: 304.241790685
assbot: Logged on 05-02-2014 03:56:24; asciilifeform: i venture to say that the actual goal of general-purpose (or whatever approximation is possible) homomorphic crypto is quite different.
thickasthieves: have to wait in line
TheNewDeal: on shitstamp, if someone has 15000 coins at 300, and then I place 1 coin @ 300, how do they choose which coin is purchased? First come first serve?
thickasthieves: its all good though, now they wont get 1% from me
thickasthieves: even though bitstamp wall is still there
thickasthieves: for a while the coinbase price was same as bitstamp, 300
The20YearIRCloud: its on the spreadsheet
The20YearIRCloud: but i dont plan on really taking anything out, too much incentive for me to do that
The20YearIRCloud: i'm tallying the difference, figure some day when company is flush with cash i'll cash out
Vexual: or can you take it back out again?
Vexual: "putting it back into the company account" this means you gift it to the company?
Vexual: i assume you're a shareholder tooo
The20YearIRCloud: ive been taking 750-1000/mo this year out of an allowed $1500-$3500
The20YearIRCloud: havent been taking irt
The20YearIRCloud: right now i can go to 70% on mill & logan, but instead i've personally been taking around a 25%-30% wage and just putting the rest of it back into the company account
The20YearIRCloud: don't know, talking to investors and there's a possibility i won't
Vexual: when are you moving to the 70% wage?
The20YearIRCloud: Our average overall will stand at something like $400/btc though, including the original 1,000 BTC we got on BF that was sold when BTC was around $80/btc
The20YearIRCloud: Haven't yet :( , HL has been slow on transfering BTC to us, so there's been some exposure to loss due to the massive decrease in BTC price
Vexual: what did you sell the latest offering @?
The20YearIRCloud: Yield will certanly go down, our equity position overall is pretty great when you factor our average BTC sell price. Big question is when does it correct, how far does the pricing drop? We're still about 20% lower than peaks
Vexual: do you get paid in dollars The20YearIRCloud?
The20YearIRCloud: Really has no effect, but the BTC yield will look crummy at $2500 or more per BTC
Vexual: with the latest offering, what btc price kills your growth?
ben_vulpes: most recent oglaf has inspired peals (i tell you PEALS) of laughter around her
The20YearIRCloud: my hope was $100k cash + $100k LOC and then set aside the money 50/50 for flips & rental renovations so we'd always have money for a flip, which hasn't been the case since last July
dub: Dimsler: there is such a thing as putting down the shovel
Dimsler: oh ofcourse there is
The20YearIRCloud: plenty of that already Dimsler
The20YearIRCloud: not a huge need for more IPOs, the reason for this last one was so the speicfic investor could fund a very specific property that had a good return
Dimsler: with bots that manipulate the exchange
Dimsler: ben_vulpes, or they could just keep your bitcoins instead
dub: no different to mpif
ben_vulpes: how is this any different from printing dollars?
The20YearIRCloud: Those wanting to sell below .0075 have been cleared already, and i've made it well known throuh investor communication that we had originally planned on selling more shares at the 2nd round IPO price at some time in the future
The20YearIRCloud: and his investment would have increased price to around .02
The20YearIRCloud: no shares at market were going to the company
Vexual: are you using the money yet?
The20YearIRCloud: unless youre talking npns
Vexual: The20YearIRCloud: When do you expect to start servicing loans?
The20YearIRCloud: this last one was specifically requested by our largest investor so he could buy shares. I tried to do it outside of havelock but they wouldn't let me
ben_vulpes: it's market until you need more cash then you freeze it
Dimsler: haven't heard anyone mention him ever since mircea_popescu twattered that he was going to kill him
Vexual: whats that like half pc on the average?
TheNewDeal: who is the "we" you're speaking of the20yearircloud ?
The20YearIRCloud: we should have around a 17% dividend this cycle
ben_vulpes: this whole doing your reading thing may be distasteful but it's not optional
assbot: Image tagged in lawgs - Imgflip
TheNewDeal: there was an article that touched on it earlier
TheNewDeal: loving the bingoboingo art tonight
ben_vulpes: people model this shit with oscillators, right?
thickasthieves: and the price will likely spike *after* he's done selling
TheNewDeal: nice little 1200 chunk outta that wall, for those interested of course (dimsler)
thickasthieves: i do think this is having a calibrating effect and the seller is doing a service to btc
HeySteve: well the drop will clean out some of the silliest, so there's that
thickasthieves: they think it's ironic cuz the news' relation to price
HeySteve: sure, the "this is actually good news" meme
thickasthieves: but its funny cuz its true
thickasthieves: reddit thinks this is a joke
ben_vulpes: although i never bought 'em, i just took them to the cafe in powells and read them there
thickasthieves: <+HeySteve> I'm listening to Antifragile audio book atm. heard it mentioned bitcoin is antifragile, could it be said to be antifragile to price action? /// yep, pretty much everything is good for bitcoin