log☇︎
77200+ entries in 1.187s
smickles: ya know, i don't recall bitcoinica going down as often as ya'll say bitfinex goes down
MJR_III: i think that one thing is becoming clear, from kickstarter projects and bitcoin projects, creating a cool website is not the same thing as creating a viable business
topace: ipment on hold. However, if you'd rather have the units right now at an increased power usage, we will ship you as many units as required to get you to the hashrate your purchased, if we end up having to scale back any given class of unit to fit within the power envelope of the current board design.
topace: We've been tracking down a power issue these last few days and have it isolated to a few key systems. In the interest of time, we are planning on potentially scaling back units hashing speed as required to accommodate the extra power and shipping multiple units to those that want their units right now. If would would prefer to wait for a unit after we've made some changes to the systems that need a bit of tweaking, we will be happy to put your sh
bugpowderr: you can place additional orders, but they will be listed as 'insufficient funds' and will not show on the book.
ThickAsThieves: I have Deprived my coinbr referall as a tip, and invited him here
DeaDTerra1: In our normal buisiness model this is not needed and also we do not have Bitcoins as our float but USD/SEK
DeaDTerra1: I can take lower amounts, as I said. We are zeroed :P I am quite desperate for any amount I can get my hands on. btcx will repay it on Monday/Tuesday when our wire hits MtGox
DeaDTerra1: we need to stack up some float as we are already zeroed and the weekend just started
MJR_III: anyways, i think if you could hash 2.5x as fast...you would be making a ton of money
mircea_popescu: anyway, i'd say romania is about as corrupt as france.
MJR_III: just the asic...and use a raspberry pi or whatever as the controller...it could hold the blockchain etrc
MJR_III: so as with all entrepreneurial endeveavors, there is risk and up front costs
mircea_popescu: but this is the case of mtgox. be it as it may, in most spaces the top dog can at least pay his salt.
mircea_popescu: the girl made a very good point as to the cost of financial ineptitude vs coding inavbility
MJR_III: and i think poor choices as far as resolving that
MJR_III: as people use it to peg the dollar to something scarce
mircea_popescu: as backed by bitcoin, i can see a use for usd/eur/etc
mircea_popescu: MJR_III kinda what it was intended as, you know ? little notes saying you have gold somewhere
MJR_III: cash sucks as a store of value, but it is pretty convenient for in person local transactions
MJR_III: and as mircea_popescu's excellent article showed...you don't need bitcoin to do everything
MJR_III: or should I say USD that they can withdraw as cash
MJR_III: you could have those machines also mining as they do their role of providing a convenient exchange
MJR_III: as people either choose to go buy some bitcoins by just depositing cash, or sell them because they need cash at the moment
mircea_popescu: such as the woman with no underwear on but five bucks in her pocket.
mircea_popescu: and this isn't random dickery as in "you must be old" or some shit. the ops experience shows.
mircea_popescu: this doesn't validate them as doctors.
unbalanced: As a guy wondering what my place is in the BTC economy, I take that stuff to heart and try to remember it.
ThickAsThieves: credit recovery might even be possible as well
bitesak: Save 90 % if paying with real currency such as Bitcoin :)
thestringpuller: I think as old money enters the btc economy, due to lack of regulation people like mircea_popescu will take their money pretty quickly
Chaang-Noi: more or less fair as there are no other real taxes
bugpowderr: its about as pratical as an exige
MJR_III: but if i am calculating my break even using todays prices as most mining calculators do...
ThickAsThieves: BFL is claiming they will fix the issue as they start shoipping
mircea_popescu: in fairness there's plenty of good reason for that, as in, they're supposedly paying ppl in fiat.
gwillen: mircea_popescu: as far as I know they are not dividing anything into batches, they are just taking preorders continuously
mircea_popescu: the brits nearly got sunk as a 1st world military power, are you kidding me ?
mircea_popescu: i guess it's difficult to figure out what's important as a journalist.
ThickAsThieves: http://www.pcworld.com/article/2032420/major-bitcoin-exchange-slammed-with-denial-of-service-attack-as-the-currency-surges.html
Chaang-Noi: mp i kind think it will go up after it goes down, as long as the down is not too far down
ThickAsThieves: i think the fantasy isnt the same as that tho
Namworld: Well after a month of good trades, it's time for me to go. I'll be retiring for the weekend to visit family as well as friends.
mircea_popescu: yeah, as a fantasy im sure its great.
ThickAsThieves: as a movie plot
ThickAsThieves: it's an interesting notion if you think of bitcoin as an ultimate anarchistic plot to reset the economy
mircea_popescu: conversely, fiat has absolutely no value. consequently, as bitcoin's shortcomings bercome apparent there's nothing pushing the price up.
mircea_popescu: consequently, as fiat's shortcomings become apparent bitcoin's *price* skyrockets.
mircea_popescu: Any money held for you in an account with Santander UK plc will be held in its capacity as a bank and not as a trustee. In accordance with FSA requirements we areobliged to notify you that the client money rules on money do notapply to a Banking Consolidation Directive (BCD) in relation to deposits within the meaning of the BCD held by that institution. As a result, the money will not be held within the client money r
MJR_III: isn't it the same as GMT?
smickles: as a future member of the imprisoned aristocracy, i say good day sir
smickles: ya know, mad7 was my first, .. so far as btc trades go
copumpkin: I guess you aren't as much of a creep as you sounded
smickles: tiberiusiv: that's not really my criteria for bigotry, and i don't really favor american political correctness, so far as i can tell
copumpkin: but I did propose you asking as a solution to your problem
smickles: although i've never been to romainia, tiberiusiv, you're starting to come off more like a bigot as time goes on
mircea_popescu: but failed to understand how this undermines his argument as to mpoe being weak.
copumpkin: MJR_III: and most people at HFs aren't the "managers" as people call them
smickles: KRS1: tiberiusiv wouldn't count an interest free, manditory loan as a tax
copumpkin: as mitt famously said :)
MJR_III: for example if you had a relationship between those two exchanges...all arb would go away as they both equalize
MJR_III: copumpkin: i meant if you singular could do that...not you as in everyone
copumpkin: tiberiusiv: I suggest that you approach things a bit more open-mindedly in future though, and don't just write off anyone who disagrees with you as poor, young, stupid, or otherwise unworthy of talking
MJR_III: you can lend coins for as much as you can get
copumpkin: tiberiusiv: and how do you propose that happen, as I asked before?
copumpkin: and it's not as if it's "disabled"
copumpkin: the growth wouldn't be as extreme
jurov: 0.0001 is too small as i found out myself yest
taub: wish i wasnt so tired,m ight as well just go to back
jurov: as whole worls around writhes in panic
gribble: You are identified as user thestringpuller, with GPG key id 0FF2943DA179E169, key fingerprint 6ACE36E786F39A4ADC4506DE0FF2943DA179E169, and bitcoin address None
ThickAsThieves: http://www.theverge.com/2013/3/28/4157796/an-optimistic-theory-of-bitcoin-as-a-hedge-against-the-entire-global
pgp: i agree as well
ThickAsThieves: the bid is 1 higher than the as on clarkmoody
mircea_popescu: This guidance clarified the rules, and opened the door allowing municipalities to accept Bitcoin. Government entities accepting Bitcoins is a natural evolution, as Bitcoin becomes more popular.
Chaang-Noi: as a goat i love cuban cigarz,
Chaang-Noi: i dont trust the fuckers, esp as they want dead gox codes
deadweasel: Chaang-Noi: I use it as a hot wallet.
jurov: as a funding/withdrawal method
Chaang-Noi: But bitcoin miners say thieves will struggle to keep up, as coin-generating technology becomes more sophisticated.
splnkr_: so as the network hashrate grows like crazy, it will then become prohibitively costly for a malicious party to purchase enough hardware to fork the chain, will it not?
splnkr_: but as a miner, i feel like i have no incentive to collude with other miners
mircea_popescu: so yeah... i want to ask everyone to be as vocal as time permits about what's what.
mircea_popescu: pgp the budding bitcoin entreprewhatevers still have much more basic issues, such as for instance dealing with their daddy complexes
mircea_popescu: pgp socrate would only approve of it if it were rephrased as aquestion.
mircea_popescu: instead using that as a nest egg to compete in the bitfinex/icbit scamspace ?
taub: idk bro, everybody is shaking as we go up to 100
Bugpowder: suck the price upwards to it, as people want to get in before 100
bgupta: jewelry as currency for things like dowry and what not
bgupta: Well.. gold isn't used in commerce as payment
toffoo: prolly not as large as i'd like to
Chaang-Noi: mp ithe 200 th should arive in 3 months, will take the same time as the first two orders
bgupta: liquidity in btc is bad enough as it is..
mircea_popescu: it's not exactly an altcoin tho. it's a sort of - as best i can determine - blockchain-y iou management system
bgupta: Aren't they basically at risk of being shut down for failing to register as a financial institution?
Namworld: So? As far as I know, it's doing okay.
bgupta: not as bad though as ziggap...
Bowjob: that mpex buttpen pic would show up as one of the most powerful examples of btc
mircea_popescu: i'll go down in history as "the only romanian that ever..."
Bowjob: u will be known as hosting the biggest btc exchange