717200+ entries in 0.442s
pankkake: well no, fractionnal reserves means more bitcoins
than
there are
Naphex: fluffypony:
there is a slider down, you squeeze it
fluffypony: Naphex:
that graph on
the front page, it's not possible
to zoom in right? wanted
to see if you guys saw a dip from
the China
thing as well
pankkake: after all, you realize
there are now less bitcoins
than previously
thought
pankkake: I'm surprised
things like mtgox bankruptancy were considered "bad" for bitcoin price
Naphex: well, i missed
the whole news
MrWDunne: Essentially leaves China
to use Cash only, not sure if
they will be willing
to use
that
MrWDunne: Yes,
they are banning btc again
Naphex: mostly cacheing
tuning
fluffypony: I'm just glad I never kept coins on
there
fluffypony: he has a point
though - if
the 200k coins
they magically "found" form part of
the assets sold off
to pay creditors, customers will proportionally get less as
they have
to share with other creditors
ozbot: Why
the SaveGox Plan is Very Important
to
the Bitcoin Ecosystem | FENTON REPORT
HeySteve: re: <+fluffypony> needless
to say, eulethria was pissed
HeySteve: yeah Eleuthria contacted me, glad I was vague and didn't make any accusations of involvement
there
bitcoinpete: "Worry about skin in
the game, not inequality."
ozbot: Is China Really Prepared
to Shift
to Market-Driven Interest Rates? | Institutional Investor
random_cat: i
think
that depends upon where one's nose is
davout: random_cat: wet pussies are
the consequence of so much log, not
the other way around
davout: thestringpuller: reading fine print is a good
thing, why not rate it as such? :D
davout: ;;rate random_cat 1 reads
the fine print
davout: random_cat jurov it's fixed,
thank you for reporting
bitcoinpete: levine is also doing
this humint.is
thing. he's
the "cvo"
cazalla: maybe
the editor just copy/pasta'd without proofreading
bitcoinpete: cazalla: good question. obviously not very subtly or else
tc wouldn't have published and retracted
fluffypony: someone needs
to
tell MaidSafe and
this "Dark Market" crap
that
they're reinventing
the wheel;
Tahoe-LAFS over I2P already has a web client and is a distributed data store etc.
bitcoinpete: "The MAIDSAFE project specifically and
these
types of crowdsales broadly have a great future ahead, but it’s a bit like launching a boat – careful
thought, diligent planning and rigorous construction must all come
together or
the whole
thing sinks." <<such derp
cazalla: how'd he sneak
that widget in
bitcoinpete: kid is pissing me off pretending he knows shit
though, quotes like "Life is about variables, monetary fundamentals is entirely about variables." abound
fluffypony: did
they
think it defeated journalistic integrity?
bitcoinpete: so ltb head adam levine
tried writing about maidsafe for
techcrunch and
they pulled his article cuz it had a
tip widget
fluffypony: because obviously all coins just appear out of
thin air
fluffypony: without
thinking
that maybe someone mined some coins in
the pool, withdrew
them, and
then used
them
fluffypony: bitcoinpete: yep, but
then some bright spark
traced some coins back
to BTC Guild and accused Eulethria of being complicit
bitcoinpete: fluffypony: saw
that article about
the mt gox coins flowing into maidsafe.
that
thing is more crooked
than a chicago politician
fluffypony: can you search
the WoT for a specific gpg key id?
HeySteve: they hint it's related
to heartbleed, NRPE or Ebury, not
that I'd heard of
the other 2
fluffypony: BingoBoingo:
The entire world is Italy. <-
true words
HeySteve: I'm more interested in
the malware and where
the coins are going, I wonder if
they preserved a specimen (sort of
thing)
HeySteve: but
they've
taken action, cleaned it apparently
HeySteve: well I have no idea if
they caught
this early or late
fluffypony: and you do
that by consistently monitoring resource utilisation over
time
fluffypony: not entirely, but any sysadmin worth his salt needs
to know *when*
to scale
HeySteve: call of duty and bong hits? who knows. but would monitoring load prevent
this sort of
thing occurring in
the first place?
fluffypony: that just points
to shitty sysadmins; if
they're not monitoring load what are
they doing?
HeySteve: the web lately, with malware attacks of
this nature being reported by customers of AWS and
the Iowa State University."
HeySteve: "This week, SingleHop engineers noticed an increase in
the number of customers reporting compromised servers. As we investigated
these reports, we were able
to identify a common malicious software program installed on many of
the compromised servers.
The malware is specifically designed
to siphon
the server’s computing power into mining bitcoins.
This has been a growing
trend
throughout
fluffypony: mircea_popescu:
the guy
that's starting a UK exchange because
there "isn't one"
fluffypony: Banka de Fluffy has a certain ring
to it
fluffypony: if
the Bank of England stands....England stands!
MrWDunne: We have had one bank open in
the past 100 years
MrWDunne: fluffypony: In
the UK it is almost impossible
bounce was
thinking it'd be useful
to have a fiat bank connect various exchanges
fluffypony: bounce: licensing is
the issue, I
think
MrWDunne: Naphex: Once we have
the volume we will be doing just
that.
bounce wonders how hard it is
to set up a bank and have it
talk
to other banks
MrWDunne: bounce:
there isn't one. Not in
the UK.
Naphex: MrWDunne: better have
that proffesional hired and with an office near ;]
MrWDunne: Bounce: Indeed,
the laws allow for no AML. But
the bank doesn't
fluffypony: bounce: 100% - I wasn't arguing for or against it, although I do
think
that
the best non-AML route will always be otc/face
to face
MrWDunne: Naphex: Better have a professional do it
than myself
Naphex: which for a bitcoin exchange, i doubt its going
to be enough
bounce: fluffypony: just scanned a bit, but we need less AML, not more. so if
the rules allow for
this,
that's positive.
MrWDunne: I'm responsible for initial setup.
That is something I can handle
Naphex: who will mange
them full
time?
MrWDunne: The data center will monitor
the hardware
Naphex: the servers,
the colocation,
the hosting
MrWDunne: Naphex: No
that would be unwise, I will have a professional do
that, and learn from him as we go along
Naphex: MrWDunne: are you going
to do
the
tehnical monitoring as well?
MrWDunne: Jurov: unfortunately
that is every UK bank. 3% is every bank
though.
That is
the currency conversion discrepancy
MrWDunne: Naphex:
This will be my fulltime job
jurov: wut "SEPA incurs a 3% hidden cost + £15"? I wouldn't
touch such scumbag banks with dry pole
MrWDunne: Naphex; More details will emerge on
that, its a hard one
to explain.
Naphex: for something so sensitive, i wouldn't do much
trusting. or use developers
that are not in-house
MrWDunne: Punkman:
two bank accounts known
to be for a bitcoin exchange, with
the bank explicitly saying
that is okay for us
to use.
Naphex: outsourced
tech is
the most problematic imho
Naphex: MrWDunne: who wrote
the specs, for
the
third party
to develop?
punkman: so, quotes on costs, outsourced
tech, 25 page pdf and listing on Counterparty. What else you got?
MrWDunne: Anyhow, I do now need
to go. So please send any questions
to me on BitcoinTalk and I'll answer
them as soon as
MrWDunne: Of course, as I said don't quote me on C++ I just know its not a PHP
trade engine
Naphex: but you'll need
tons of
tools attached especially when you go live
Naphex: so it depends a lot on what
the
tradeengine is going
to do
Naphex: you're gonna need
too attach lots of other components, for reporting, monitoring, and keeping
track off
Naphex: tbh, i'd be scared of doing
that in C++ enterprise wise
fluffypony: (well, an epilogue in
that I don't
think anything further needs
to be written on
the matter)
MrWDunne: Also
the actual business plan is a 25 page PDF, but it has details about an additional project planned
to launch in a year. And Naphex: yes we certainly do.
Naphex: do you have a contract with
the development
team?
too keep extending/bugfixing after release?
fluffypony: listing on an "exchange"
that anyone can list on with zero due diligence or even an email address verification makes it doubly challenging...I suggest leveraging
the -otc WoT and GPG contracts (
http://wiki.bitcoin-otc.com/wiki/GPG_Contract) to build
trust and
tie yourself down
to shareholders