log☇︎
76800+ entries in 0.881s
MJR_: Scrat: so as long as you don't respond to spam, you should be fine
jcpham: the entity you knows as "jcpham"
MJR_: just as bad as panic
Bugpowder: well, seeing as the price is still going up and they are selling some coin off, I think its great
mircea_popescu: on other places, such as vegas joints, they can not.
imsaguy: <mircea_popescu> then get owned by gingis khan << that's why you play as Victoria and build a bunch of archers
kakobrekla: thats as far as my knowledge goes
bowjob: "Do not send BTC after betting has closed. Any BTC sent to addresses allocated to a bet after betting has closed will be kept by BitBet and distributed to shareholders as dividends. "
unbalanced_: I read forums for 2 years before piping up here and (as people here can verify) I'm still pretty much a bitcoin idiot.
MJR_: also, bots are legal in every financial market as of right now
bgupta: taub: wondering if that ratio thing is a red herring.. and just a natural result of what happens when price goes up.. IE: people don't set out to sell a fixed number of coins, but rather they are selling to raise a certain amount of fiat to pay for bills/toys.. and in btc terms those keep getting cheaper as btc rallies.
bowjob: aye, same exact lazy copypasta as mine
MJR_: and right now everyone is waiting for everyone else to start the business that they can have as a customer, but they won't start it till they have the services they need
mircea_popescu: tbh i think the model is very good as it is : bitcoinity for the crazed f5 mashing crowd, bitcoincharts for the more in depth universal minded minds.
mircea_popescu: otherwise, as far as websites go, thuis would be the highest traffic website in btc.
rikur: just my feed back as a paying customer :)
jurov: it can fall as well as rise
rikur: mircea_popescu: for example this mtgox bet, you get more information as price goes higher and it's less risky to bet yes
bgupta: umm a bitcoin trading company that just holds bitcoins that you could just as easily hold yourself?
kakobrekla: Since October 2012, BTC market conditions changed, and our algorithm stop trading, pointing to hold BTCs as the most profit action to be taken. So we did this way,
ThickAsThieves: google is dumb and noted incomplete data as a cliff
benkay: and they could be percieved as a professional outfit that understands security.
benkay: may as well put it all on red
lippoper: Might as well be a day trader ;-)
lippoper: money as in USD
ThickAsThieves: nerd cant "properly manage" much, as you can see
ThickAsThieves: not saying they are trustworthy, so much as, is anyone?
MJR_: this is vega as fuck
jurov: but, as i said, it may be unusable
taub: as long as 180 holds
ThickAsThieves: i use bitcoinity now on my tablet as a 2nd monitor
gesell: ThickAsThieves: as i remember, mtgox sponsors bitcoincharts hosting so not so odd i guess that they would experiance similar uptimes
lippoper: as much as maple syrup
jurov: ffuuuu expensive as hell
jurov: the idea is not to use coinbr as wallet
ThickAsThieves: it can be argued there is no such thing as multitasking
ThickAsThieves: is the case for the new ones the same as the fpga?
thestringpuller: mircea_popescu: ASICMINER will be surpassed by another mining company when as you said, "The real people arrive in bitcoin land"
ThickAsThieves: but its just as easy to see squandered opportunity
ThickAsThieves: its easy to see high value in sdice as a company
jurov: yea, i think he'll end up as coinbr customer
MJR_: is hyacith the same as honeysuckle?
MJR_: mircea_popescu: yeah, i like the business model, i'm working on an fpga design that should be more efficient, and can then do an avalon style chip maybe...as far as i have seen, the designs work, but that doesn't mean they are nearly on the level they could be
MJR_: mircea_popescu: i'm working on a blog... plan on juxtaposing the tower of babel with bitcoin...money as speech etc
bgupta: was trying to figure out how to transfer most of my savings into btc (as SoV).. but decided if I just wait a few years, most of my assets will be in btc if I do nothing. (Not sure if that was clear)
mircea_popescu: bgupta it sure can exist largely as sov.
bgupta: so I guess the arguement is it can exist largely as an SoV?, as long as it's tradable into fiat, and other goods services?
mircea_popescu: and muff as in, bird.
thestringpuller: mircea_popescu: I feel as though you are an opponent to education because of the tendency for the young's reluctance to "listen"
mircea_popescu: as in, a 1 in 1000 shot at making 10% on your investment, and a 999 in 1000 shot at 90% loss of cvapital.
mircea_popescu: "my full name is David Tenemaza Kramaley - you can look me up in the UK companies house as a registered director. I've been featured in the BBC, Business Insider, The Times, National Geographic, Radio 4, etc... I can proof all of this to serious investors."
mircea_popescu: at least just as soon as they find it.
mjr___: as soon as its up and running
mjr___: yep, so i leave it as t1.micro till i need to install something, boost it to m1.medium, then lower it down again
ChaangNoi: close to ath as well
mircea_popescu: just, as you get burned, you'll see the presumption of guilt is the correct approach.
MJR__: just said that I can see a scenario where they deliver as promised
mircea_popescu: but i think as you get burned you'll learn for yourself.
MJR__: only point was its possible (as of the time of this post) to run an illegal business honestly, and anonymously
MJR__: I don't define my morals by the law, and could care less what they decide...as long as it doesn't affect me
mircea_popescu: torbroker misrepresenting itself as a broker.
MJR__: as was barings
mircea_popescu: their busienss model is fine. their execution inept as all hell, but they have a model.
MJR__: if you can do as you wish with your $ or BTC
mircea_popescu: is ghoing to be done just as wewll by a kid and his etrade acct.
mircea_popescu: as it is... it's nothing. any scammer can (and indeed would) do that.
MJR__: and they say we will put this up as collateral
mod6: but then i guess there's this that says: On September 14, 2012, Egan-Jones cut its rating a third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3.
gesell: reeeally? as if bank transfers all game in on the weekend?
MJR__: as long as its not restricted
taub: historical as well as trying to predict it
thestringpuller: for every call you own you get 100% additional leverage as the peice rises
taub: yea, they provide leverage, and there are advanced option strategies like making money as long as price moves somewhere (up or down)
MJR__: is this the most efficient method for global finance...yes as of right now, what should that be worth? more than it currently is = buy
taub: as long as it gets price to move, good then i can trade it
iz: but of course it will work in the bitcoin wolrd AS LONG as the bitcoin market keeps growing
MJR__: that is unlikely, as fast cars are universally cool as are leather warm seats
MJR__: mircea_popescu: almost nothing is a "ponzi", as it refers to a specific sort of scam. if we are conflating that term with tulip mania or bubble, then most things are...the only difference in them is the probability that they become unpopular
MJR__: my earlier point was related to how banks are "ponzis" (loosely using that as a term for general speculation) in any trust based system if trust leaves the last one holding the bag is screwed
mircea_popescu: The online betting Web site Intrade, which gained widespread notice for serving as a predictions platform for elections and events not related to sports, is facing liquidation because of a $700,000 cash shortfall, a development that comes a month after it halted trading and froze its customer accounts.
MJR__: same as the bailout
MJR__: Ron Paul runs as libertarian 3rd party
MJR__: we'll see, but I think this will be known as the summer of bitcoin
Diablo-D3: each chip is very expensive to produce, it needs tso hash as fast as possible
Diablo-D3: and you want the cores as small and as stupid as possible so you can pack more onto the chip
mircea_popescu: as it will be our first line of warning to hash weakness
Diablo-D3: it really is as secure as they say it is
mircea_popescu: it's trivial if you're thinking software. as far as the chip goes, it has to be actually etched on the chip.
mircea_popescu: so here's a basic improvement to current asic hardware : you only need to compute the 2nd hash digit if the 1st came out as 0
ChaangNo_: the 14,000 in the gox line is such a bullish sign, as is new ATH on a sunday
ChaangNo_: okay ill buy a handful if anyone will do it for me, as i dont have an account
Diablo-D3: as in, a oven you bake pottery in?
mircea_popescu: b. be as stupid as lukejr, shilling for bfl being paid in "units"
mircea_popescu: if you're gonna shill for scammers, at least don't : a. be as stupid as gigavps, shilling for pirate and being paid in "reputation"
mircea_popescu: as it turns out, they never do.
Diablo-D3: thus he doesnt qualify as a shill
FabianB: both to provide them as well as to use them
mircea_popescu: well... as with anything else in bitcoin, nobody really knows
thestringpuller: 3000 shares exist as of today
thestringpuller: as bowjob indicated 4.6 BTC was the initial price for the first 175 shares