log☇︎
76500+ entries in 1.011s
mircea_popescu: not per 1 btc specifically, just, as a factor.
bowjob: I;m thinking 1:1 on team fortress as well, but its not fit for a 1v1 game.
damientrog: but I like Erik as well, I trust he'll come up with something to revive SD
damientrog: I've done my bets as well
bowjob: the argument against that was.. as btc price grows, more people use them.. and more play on s.dice
damientrog: yeah I bought at 0.2 as well
bowjob: it should be worth more than that. the game is fun as hell
Namworld: You've probably read a few news as we approached the peak. They were getting... crazy/unlikely. Quite the craze.
asciilifeform: mircea_popescu: from the standpoint of an owner or other person with unhindered physical access, a bank is exactly the same as a video store.
asciilifeform: thestringpuller: people with old-fashioned money and connections bought in. This much is clear as daylight at this point.
thestringpuller: ZigGap stands on top as the most trusted method for purchasing BTC, and plans to offer the widest array of methods to buy Bitcoin. <<< lol
thestringpuller: how are you so sure you won't encounter hurdles as you scale even if you have "a proven platform"
dub: stslimited: there probably is one, and certianly many operating in private, the problem as mircea_popescu is trying to elloquate is trust
stslimited: why do you feel that an algorithmic trading fund is not structured as correctly as the mining share companies
mircea_popescu: bout the same as a month ago
kakobrekla: >The company’s trading algorithms currently run on electronic exchanges such as Nasdaq, BATS, EDGE, NYSE, and BTC-E.
kakobrekla: (ab)use mpex bot and then you are as weak as the weakest link
kakobrekla: i wouldnt worry error4733, its gonna suck as much as gox sucks
jurov: but really, brainwallets are being mined as we speak
gribble: About as likely as pigs flying.
Chaang-Noi: as soon as pirate pays im one rich mother fucker
bowjob: i saw shit going downhill from there, since people wont bet as much with higher btc point
bowjob: well, it may as well be >9000
Chaang-Noi: id like to know the queue as well
bowjob: not just me, but a mod a btctalk as well. he's gonna get doxed
Diablo-D3: since BFL will never ship, it could be as little as 6
Namworld: because it went crashing down as expected... because that's the exact definition of a bubble...a sharp, unsustainable rise that is followed by a violent correction
damientrog: jurov, no that's okay I am happy as it is :)
jimbo2k: does someone now what happens when you deposit funds to a mount gox account from a different bank account as registered by mount gox?
jurov: fuck i't repeating... as i'm going to travel bitcoin's going haywire again
gribble: About as likely as pigs flying.
jurov: s,dice is more people too afaik... but as you can see it's clouded in fud "gonna be closed by usg"
deadweasel: I think people are consolidating their BTC holdings into cold wallets... dumping worthless stock and locking up tight as banks start closing accts..
deadweasel: as far as I can tell there's not a stock worth holding.
soypirate: in as much as affecting the value of BTC
asciilifeform: fiat banks won't surrender to the idea of moving $1 across the ocean costing $0. They want it to cost ~$50 (in pure profit for the parasites,) as it does now.
Doffx: It cost you every time you transfer money so they were making money off BTC but losing in another way much bigger if BTC actually got adopted as a true payment sytem
taub: label them as hiyt or what they are called
ThickAsThieves: to blink them away as a hint
ThickAsThieves: so as i do what you just told me to do
MJR_: Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.
MJR_: I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.
jurov: destroys? as in, emits hydrogen fumes?
jborkl: no, they said the minirig will not be shipped as is
Diablo-D3: you need LESS copper as voltage goes up to maintain the same wattage
Diablo-D3: mircea_popescu: I said into the house, as in, for all the cirucits
jborkl: that power draw is as correct as far as I know
Lyspooner: Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger you expect to get 16 ounces of meat. An hour has 60 minutes. A mile has 5280 feet. These measurements don’t “float.”
Namworld: He looks like gollum, but with more hairs and not yet as skinny
jurov: Yes, you’re correct. For reselling MPEx account, you need special broker license from exclusive reseller such as CoinBr.com. To obtain it, please send 99 BTC to CoinBr662GWdiqVz8mXJUnYjWZbBchKAb .
kakobrekla: im just trying to see how much it costs to write fuck you there but its expecive as shit
mircea_popescu: inasmuch as people behave idiotically they have not the right to functioning mechanisms, nor are entitled to actual service.
mircea_popescu: as stupidity is promoted, sense simply leaves.
mircea_popescu: it doesn't make judgements as of technology etc.
mircea_popescu: as far as the bot is concerned, bitcoin is a dead horse it would seem.
mircea_popescu: if you keep it as btc and btc goes to $6, you have 30 bucks. so from a fiat perspective lost 90% of your fortune.
Bugpowder: deadweasel: I suspect we could bounce as high as 90 in the next few days, but also expect to see 30 or below sometime in the next 3
Namworld: Well as long as someone can fix the security issues of the script (unless funds were actually stolen by the admin)... although it casts some serious doubts about the safety of such a thing.
ezdiy: BitHub: it might come as a surprise, but shallow women are mostly interested int *things*
BitHub: well the ddos bs, same guy as gox?
mircea_popescu: this as a restatement of taleb's ideas.
mircea_popescu: Bugpowder also someone will tend to represent a 49/51 chance as a 33/66 chance and a 1/99 chance as a 0/100 chance.
mircea_popescu: is the same as the difference between the strategy of martingale and the strategy of playing s.dice
ThickAsThieves: as bitcoin is still bitcoin, unique
mircea_popescu: such as, airplanes were made in the 1900s. ants are still not made.
mircea_popescu: dub most of the trades count as wash trades in this perspective.
mircea_popescu: let's look at this past week (dear lord, it is ONE WEEK) from a macro perspective. buncha noobs poured 20-25 mn into the fiat/btc exchanges. miners took out a few mn of that, exchanges took out a few mn out of that too as fees.
mircea_popescu: the only problem is that it doesn't work longterm. might as well play s.dice.
mircea_popescu: Bugpowder meaningful, as in having a price signal. you're currently unable to make any sort of judgement as to what bitcoin price should be other than "what are others thinking"
mircea_popescu: the mtgox "market" is very decoupled from economic reality, as it happens.
joecool: heh this would be business as usual in israel
ThickAsThieves: never went back and watched as adult
dub: staged as fuck
ThickAsThieves: i remember watching faces of death as a kid
ThickAsThieves: as is chourico
ThickAsThieves: as is candaian bacon
MJR_: As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly.
MJR_: The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax
pgp: you know, i always thought it strange that as a journalist/writer, he won the nobel for economics, which is almost exclusively awarded to academic types...
Bugpowder: but as people lose hope... down it goes
Namworld: since price doesn't go up, I expect demand from speculators to drop and ones still holding to start selling as prices slowly go down
BitHub: yeah nam i wanted bf as well :(
Namworld: and MPEx sharecount too, as there's no API for accounts
unbalanced_: jcpham, anyone: Do you think a double auction exchnage as in the 247btc.com link above would get traction?
unbalanced_: b) it's growing exactly as fast as you want it to. If you want it to grow faster or slower, you know what to do better than I.
ezdiy: mircea_popescu: if someone gets you 1000BTC, and you'll hold it as a guarantee
pgp: as well as acting as a broker to public
taub: real trading runs on margin as well and isn't a bucketshop
ezdiy: as long they have capital to back it
unbalanced_: As a motivated options trader actively looking for a solution to trade options on Bitcoin, it took me about a year and umpteen visits to mpex.co to grok it and get over the 1995 layout and titties and harsh attitude.
mircea_popescu: maybe i'm overstating my herd concerns as personal bias.
mircea_popescu: even so i am more worried by things such as sdice going to 75 then to 29 for no apparent reason
mircea_popescu: unbalanced_ everyone, as in, the people who took btc to 260 when i told them not to go over 130 ? why does one want this everyone muddling throuhg ?
mircea_popescu: take the case of the twelve year old as an illustrative example.
mircea_popescu: the pretense of the "educated" to access it is as fraudulent in today's cathedral as it was in the druid circle obviously.
mircea_popescu: anyway, not so sure sepukku is such a bad example. you have one chance to do yourself in as one of us now that you can't continue living as one of us.
mircea_popescu: perhaps. it does come out a rather vulgar thing as reduced by our conversation.
mircea_popescu: nobody may be too strong a world, as insanity is a good bedfellow to exceptional performance
gribble: About as likely as pigs flying.
mircea_popescu: people need a good answer as to why the fuck they're your subjects.