log☇︎
75400+ entries in 0.895s
mjr___: as well as API access etc
mjr___: thought this was as simple as possible
fiat500: u know, its not necessary to have fancy gfx or art, i think if you just made it as simple as possible it would look best
mjr___: easy order updating, gox price as suggested value in order submission field
Chaang-Noi: he was asking for btc with that address as an "emergancy" before, now he wants to give it to the btc foundation
fiat500: do you really think there is enough faith in btc right now that people are buying it as a store of value?
fiat500: pretty sure those fuckers are going to panic sell as soon as they hit breakeven
fiat500: resistance will build up as people add asks again
FabianB: same design as btc-e
b0n1: Im thinking about using it as an alternative to international wire, because it seems to be much faster atm
abillionhorses: yeah im thinkin maybe .03 as far as divs...I really do think AM has much higher to go. It will be interesting to see how Avalon and BFL do..eventually.
Chaaang-Noi: maybe same as last week or a bit higher
mjr___: its sub second updates across all devices as far as i've seen
furuknap: What was the previous increase btc? Just to have as a point of reference...
ThickAsThieves: as in useless
ThickAsThieves: he merely helped me clarify my desires for them as a company
fiat500: Chaaang-Noi: at this scale they shouldnt be paying divs out, they should be reinvesting and trying to get their hands on as much hardware as possible, soon
dub: HSBC are crooked as fuck
Namworld: So as long as you stick to the trading platform alone...
Namworld: But it's centralized as of now...
cole_albon: I think the speed of ripple transactions makes it superior to bitcoin as a payment system.
Namworld: As far as Ripple is concerned...
cole_albon: my favorite description of ripple as a system of tubes: https://bitcointalk.org/index.php?topic=176077.msg1869022#msg1869022
Namworld: User uses BitStamp as a gateway. He gives bitstamp 5 BTC, which then gives that person a 5 BTC IOU issued by BitStamp.
Namworld: Which is impossible if he never directly trusted said person as an issuer
Namworld: I trusted Bitstamp as an issuer. Then traded these XRPs for BitStamp issued BTC IOUs
Namworld: From the giveaway thread, as I said.
Namworld: It works exactly as in this graph, as far as I witnessed: https://ripple.com/wp-content/uploads/2012/12/how32.png
Namworld: But no one will accept it if they don't trust tradefortress as an issuer
Namworld: As for #3, I think you got your facts wrong...
mircea_popescu: and will be raped in the mouth just as soon as someone cares to.
mircea_popescu: but as it is... never have, never will.
mircea_popescu: as long as i take debt, ANY debt, i expect a %
mircea_popescu: as far as i know, if your bank is showing 200 dollars in your account
mircea_popescu: it's worse tho, in as you can probably traverse up the tree
[\]: and paying out as funds were made available
mircea_popescu: anyway. unless i'm missing something fudnamental (which gets less and less likely as time goes by), ripple is the down syndrome suffering child of some people who really really wanted to matter
Namworld: Not my fault if XRPs is designed to be a currency like any other IOUs, on top of serving as tokens for transactions.
Namworld: If people valuate XRPs it becomes a currency traded on the system just as much. Technically, XRPs are designed to trade exactly the same as any other issued currency on the system.
dub: its 'sold' as a way to transfer value between two parties, not transfer value to holders of XRPs
mircea_popescu: complete "i fucking don't understand what bitcoin is so here's a cat with a pancake on its head. just as good"
Namworld: Of course I could also have sent IOUs or XRPs as a payment transaction
mircea_popescu: minus thomas, who i recall as a cheeky asshole.
mircea_popescu: same disaster of commons spiral of death as the price for used cars.
Namworld: The "credit cards" appear in the system and are traded the same way as IOUs...
Namworld: yeah... but XRP for BTC IOUs trade works the same way as IOU X for IOU Y trade.
Namworld: Just as much as exchange an IOU for another IOU
Namworld: What I basically did is, trust BitStamp as an issuer for BTC
Namworld: Effectively, only large entity will work at all as issuers
Namworld: It depends... basically if you trust someone for let's say 1000 USD, you're saying you trust the person not to abuse the issuing IOU feature AND you're willing to risk up to 1000 USD on your belief, as such if the issuer is abusive, you can lose no more than 1000 USD.
mircea_popescu: as far as ripple is concerned, you trust me, end of story.
Namworld: Could be used as a cement between various IOUs, since it might be hard to find a trader to trade your IOUs for another specific IOU
ericmuyser: currency for what? it's being converted as a currency on an exchange but not used in transactions
Namworld: I guess XRP could be used as a default currency
ericmuyser: Namworld: because at some point they expect people to have a wallet of xrp of course, the same as btc. but they could make payments from their ripple wallet using btc. either way, you're in ripple world
Namworld: XRPs are already being used as a currency, just like litecoins
ericmuyser: but I think it's in the grand design to use them as payment
furuknap: And you have to trust that issuer. I understand so far. I just don't understand what it gives me as a normal person, having X of currency Y, beyond the ability to change X of Y to Z of W.
furuknap: They'll shortly be upgrading the wikipedia article to list Crypto-Trade as a typical example.
furuknap: As in, I have no idea how the fuck it works.
jurov: it's also trust. mp seems to think about it as nonissue that mpex is to be the apex trusted with all shares
jurov: mircea_popescu: there is no possibility for a corporation to have multiple counterparties on the same level as mpex
mircea_popescu: as it won't push out div if the share count is > the declared count
furuknap: OK, so here's one problem that current asset market doesn't solve. Insider trading or what we consider unethical price manipulation, legal or otherwise. I don't have a solution, but a BTC-based or derived system may bring forth ideas that could control or somehow reverse illegal actions, as defined by whatever jurisdiction.
mircea_popescu: furuknap such as ?
jurov: ut as it has limited capacity, it forgets unused files
mircea_popescu: as to the blockchain shares, it's called colored coins. it has it's own problems
furuknap: "And to sweeten the deal and get those shares moving I've decided to chuck in my bitcoin advertising earnings from my NSFW monetized Porn blogs as a monthly bonus dividend" <- I mean, c'mon, how can one _not_ take the mining asset market seriously?
mircea_popescu: but on the game as it is, the problem looms.
mircea_popescu: ThickAsThieves inasmuch as the machines are sold for more than they're worth, the people buying are making a loss
ThickAsThieves: as appropriate
mircea_popescu: as a way to even the playing field (figuring moneyed interest will fall in, independent geeky types will avoid it)
jborkl: I will also be selling O.USD.C170N = Same terms as above. bot price * 0.75 = my price
mircea_popescu: but then it's discovered the code is bad and odd is twice as common as even
qxzn: mircea_popescu It's funny, I actually tend not to encourage sites to make apis as I know I can screen-scrape and have less competition :P
mircea_popescu: the depositing part works by design in the sense that once you get an addy you can use it for as long as the bet exists
mircea_popescu: you can send btc in as you make the bet
Chaaang-Noi: im holding some cash as you know
furuknap: A lot of people still trade on EMAs, as do bots. It's no clear prediction, but an indication. The world could end tomorrow, you don't stay away from trading just because of that.
deadweasel: lol, no doubt. as long as I can keep taking my cut, I don't care. it may not be BTC that is the future currecny, but one of it's cousins.
truffles: theyre mutating as we speak
fiat500: i think if we ever get close to that we're gonna see a massive crash again as they dump
ThickAsThieves: technically less than 3000, as I still hold unissued shares
ThickAsThieves: when it isn't as simple as that
ThickAsThieves: unfortunately, many perceive the stock as being worth 5% less overall
Diablo-D3: which reminds me, I have another 14 BTC to pay out as div for DMC
Diablo-D3: yeah but you can sell them as TAT shares at whatever price you want
mircea_popescu: as opposed to you know... simply bankrupt people.
thestringpuller: this channel is quiet as shit today
mircea_popescu: inasmuch as we know they can pay, yeah.
KRS-1: this sounds like a shitty deal: ' indefinite contract, which costs $246. This runs for as long as the user wants, and provides 1 Ghash/sec of compute power. With this type of contract, 30 percent of the return is reinvested in additional computing power'
dub: e.g. I am required to address her as great aunt
jurov: as if she invested 10k via coinbr
fiat500: no there wasnt, i could have just as easily lost the 2btc i started with
aknap3: and even if you know exactly what is going to happen, as a distributor, you have to play along. Fighting the wild swings makes things worse for you
gribble: You are identified as user JWU42, with GPG key id 474919FF6AACA172, key fingerprint 06A1D6BCFD3223CB045B399D474919FF6AACA172, and bitcoin address 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
ThickAsThieves: as long as I had spare shares
ThickAsThieves: i def understand how you got into the position as well
parseval: If I remember right, I had to change from calling that as a POST to a GET to make it work
JWU42: yeah - all my 60 Gh/s units are in the lower 17xx as well