log☇︎
76600+ entries in 1.115s
mircea_popescu: as long as you mean to enlighten you mean to beat.
mircea_popescu: money can best be understood as the practical equivalent of the theological concept of "grace of god"
mircea_popescu: depends. there's no such thing as "an alternative". wjhat's the alternative to eating from the garbage ?
asciilifeform: mircea_popescu: as far as I can tell, its shirt is still on. and the operator is laughing all the way to the (fiat) bank.
asciilifeform: ok, maybe lag only works to Dr. Evil's advantage if he uses it as a nice padded box in which to hide front-running.
mircea_popescu: romania is one of the eu members. it has always been a laggard. this was always decried as a huge disadvantage.
asciilifeform: Diablo-D3: AFAIK, anything where coins can move programmatically is incompatible with Bitcoin as we know it.
asciilifeform: Scrat: see "CAPTCHA" as a (somewhat flawed) example.
asciilifeform: Diablo-D3: exactly that. this system would ride on top of Bitcoin proper. non-Shitcoin-enabled clients would function exactly as they do now.
asciilifeform: at the time I wrote that, I was not yet 100% clear on how the block chain works. But now I know that Shitcoin could ride entirely on top of Bitcoin proper. You would store the necessary data as custom transactions (the way some people encode prayers into the blockchain.)
asciilifeform: Diablo-D3: the only coins you can shit on are those for which a Shitcoin bond has been issued to you. but it is true that you could do so maliciously. hence a certain amount of dirt would be seen as commonplace.
Diablo-D3: entire bitcoin network replicates your block as quickly as possible
Diablo-D3: as in, Bitcoin Eye In the Sky
Diablo-D3: as in, non-networking
Scrat: well I need to think about it but it looks as if you're gonna need to have a lot of RS redundancy to make that usable
Diablo-D3: say, use compression to compress it as far as possible, then use some form of reed solomon error correction
thestringpuller: as mircea_popescu indicated
Diablo-D3: the asics and cpus would use the same ram, and have boards just as complex
Diablo-D3: the cost of an ASIC with 1TB of ram is going to be the same as a cheap CPU with 1TB of ram
mod6: isn't it true that major chip makers will get into this space as btc becomes more widespread and demand for these chipsets becomes higher? innovation will follow also?
mircea_popescu: so your asic may slow down as m goes up but that's all
asciilifeform: mircea_popescu: exactly. slavegirls don't scale quite as well as ASICs.
Diablo-D3: why arent we using it as such
asciilifeform: Diablo-D3: LTC ~= 1.3 USD, as of a few seconds ago. Not exactly gum wrappers yet.
mircea_popescu: bets with nothing on have to be judged as cool enough. bets with a decent something on just have not to suck, different standard.
mircea_popescu: but seriously, you get a little "send a bet" option as you make a new proposition.
mircea_popescu: unkown247 no. bitcoin-denominated securities such as shares, options etc.
mircea_popescu: "asics" means, we will sell you ANY QTY as long as you pay within 60 days of ordering.
unbalanced_: Herbalife, that's the one I was thinking of: http://stockcharts.com/h-sc/ui?s=HLF ... incredible volatility as the giants duked it out and tried to screw each other over.
Bugpowder: as expected
error4733: same % of new account provide paper for verifiaction, that what they say when some ppl ask the same question as you !
mircea_popescu: Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin.
ThickAsThieves: "As average vagina has a depth of 18 inches also result there globally about 120 million kilometers from unused pussy (taking round female population as 4 billion)."
mircea_popescu: ThickAsThieves just as soon as i figure it out yeah.
pgp: then again, as much as I hope it stabalizes here, I think think it goes lower
mircea_popescu: logically the only reason they'd say anything about it is if they bought high and it counts as a capital loss.
pgp: i suppose that qualifies as an "early adopter" in this environment
mircea_popescu: anywhere you have a banking license as first choice.
mircea_popescu: the thing is, most of this is yet immature. take the idiff futures as a great example. it will be a great instrument down the road buyt for now the underlying is just too nonsensical.
mircea_popescu: truth of the matter is there;'s plenty of room to get mpex stuff packaged as a sellable vehicvle. both equities and derivatives (diff, fiat, etc)
mircea_popescu: certainly the idea is to keep financial instruments as sophisticated as can be borne.
mircea_popescu: an upgrade to a more ellaborate model (such as but not necessarily limited to or equal with rbh) has been in the plan since 2011.
pgp: mp: have yuo considered an RBH model for short calls, or do you see the hassle as not being worth the extra liquidity?
mircea_popescu: they just have the advantage of not printing this as mpoe bot does.
pgp: that's my view as well
mircea_popescu: as it'd be unfair to bondholders (whether any harm comes to them from it or not)
mircea_popescu: can't make changes midmonth, especially as they'd be towards a reduction of premiums
KRS1: not that fox news and kudlow are the standard or anything..just using them as an example
mircea_popescu: that's dangerous as it may contain a lot of bias
mircea_popescu: well in as much as there's rebound oscialltions after yeah
Namworld: Well they could. I see it more as a longstanding history of not getting hacked out of all users funds. There was hacks but they at least protect their BTC wallet.
mircea_popescu: of course... i see mtgox as quite as risky myself
mjr___: as a layer of financial stability
Skarr: pgp - while the lag-times are still rising, the system is functionally dead. I take the tiny-volume orders as just that - evidence that the engine remains, for all practical purposes, fully choked.
mjr___: so as you load it bit by bit, you can pipeline the whole thing, so it doesn't even need memory at all
unbalanced_: I'm sure you've all seen this chart umpteen times but this one has a nice blue circle at the relevant point http://jamesgoodeonthemoney.blogspot.ca/2010/10/uk-property-prices-post-record-drop-as.html (the chart applies to all asset bubbles, not just real estate or BTC)
ThickAsThieves: as wella s other things
ThickAsThieves: i'm about as out as i can be anyway, unless i crash the stocks market for some assets...
unbalanced_: I agree that "it's different this time" as far as hype levels go, but bubble after bubble, asset class after asset class, the same sort of curves play out on the charts.
taub: it essentially shuts down trading as nobody wants to go in blind
ThickAsThieves: i see it as the conumer's miner
gesell: as the market is swinging up the bot will slowly increase the volume on the bottom and reduce it on the top
gesell: oh yeah, clearly. just find it interesting to follow it as it oscillates on its own (likely buy and selling to itself at different weights depending if it is in the upswing state of its movement or downswing)
KRS1: they also got the key right 2048 as that is now standard
pgp: spent my summers in croatia as kid
pgp: used to go to kranjska gora every summer as a kid
mircea_popescu: it's been run as an absolute fief by the same guy for 25 years now
MJR_: larry kudlow was actually fair, and it was balanced as well as mostly accurate
mircea_popescu: i think this was the only photoshop contest in history with 2.5k usd as top prize
Diablo-D3: I enjoy anime as much as the next guy
maximian: I just see it as a blip. The long-term hype cycle has just started.
swhitt: bursting as quickly as it did is terrible
Namworld: myeah, but as of now, crash isn't slowing down one bit
pigeons: there hasn't been a buying opportunity this good in weeks! as max would say
mircea_popescu: moreover, pretty much all financials got axed as people flew towards the exchange to play there.
mircea_popescu: to be perfectly fair : we have jackshit for data as to all these things.
mircea_popescu: i mean this : each call sold counts as 1 BTC in the needed capital.
mircea_popescu: and based on the past history it had an engine made. as i said yest, i think security and pricing got melded together in some edge cases
gesell: on the web UI it looks as though I have two orders both at near max of the FIAT
mircea_popescu: pgp i might be confused, but afaik it was announced as already done
gesell: yeah i guess my question relates more to whales building artificual walls. as these appear to be indicators for people
gesell: can someone tell me, is it common in markets that i can place multiple orders despite not having the total sum required for all of them. such as i $5000 and i place two orders for 100btc at $50. obviously i dont have $50x200.
mircea_popescu: as if theres a difference
guruvan: as I deposit
mircea_popescu: ie, advertising so as to get more noobs deposited.
jborkl: might as well die and give up....
mircea_popescu: which pretty much means for as long as gox exists, going forward
mircea_popescu: today, yesterday, for as long as market stays disorderly
KRS1: i see orders and sells at given prices are those the same as the charts..i feel stupid for asking this
pgp: not so long as FED keeps buying assets...
pgp: unfortunately such a system is only as strong as it's weakest link...
unbalanced: I think I may take up Ultimate Fighting after all this is through, as I'll miss getting punched in the face by the market
unbalanced: unpleasantness as in gox downtime, or price drops?
ThickAsThieves: it shows 1.45892277 as the max
unbalanced: Addictive as hell, agreed
unbalanced: jurov's wd fee is 0.1 BTC, no? Not the end of the world as I agree it's not a wallet, not meant for penny (er, satoshi) pinching arb trades.
thestringdude: Its as addictive as btc
thestringdude: Am I jurov? As I recall you charge 1.3 btc a year :P i guess in consideration, that = 1 mpex account in about 20 years
pgp: well, i get the feeling that volume will start to pick up as it continues to drift lower here...
gesell: but tehn again, probably not as much volume or