780200+ entries in 0.556s
MisterE: it's
the asian face saving
thing
MisterE: Japan is always lying about
their stuff
that goes wrong
mircea_popescu: herbijudlestoids as far as i recall
the original reports of
the sr 2.0 failure placed
the loss at 5k btc
mircea_popescu: <ThickAsThieves>
this is it boys << you have any idea how many different
times in its history gox showed crossed wire ?
herbijudlestoids: MisterE: isnt
that weird
that you can never seem
to find information? lol ....
https://www.mtgox.com/press_release_20140210.html " As you are aware,
the MtGox
team has been working hard
to address an issue with
the way
that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring
to
transactions from a MtGox bitcoin wallet
to an external bitcoin address. Bitcoin
transactions
to any MtGox bitcoin
MisterE: not after
their harsh verification crap
ThickAsThieves: herb it's been fractional since
they decided
to have a God account
MisterE: yea I never wanted
to
trade at Gox ever
herbijudlestoids: ThickAsThieves: i get
the feeling it wasnt fractional until
the US Gov
took several millions of
their monies :P
MisterE: if
they have halted withdrawals its over
ThickAsThieves: i mean people are panicking,
thinking
they are actually selling at a loss so
they can buy cheaper
Vexual: do
they still have any magic cards
to
trade?
gribble: Bitstamp BTCUSD
ticker | Best bid: 555.73, Best ask: 556.01, Bid-ask spread: 0.28000, Last
trade: 556.0, 24 hour volume: 36665.57017113, 24 hour low: 555.0, 24 hour high: 660.0, 24 hour vwap: 621.045881481
ozbot: Silk Road 2 Hacked, Over 4,000 Bitcoin Allegedly Stolen |
TechCrunch
taub: still spooky watching gox die like
this
the20year1: however at one
time
the $ over coinbase price was quite high
BingoBoingo: Doge just had its first halving, Altcoin need
to work on its Moon.
herbijudlestoids: yea
they have
to keep
the book
thicker
to stop
the
tiny offers hitting
their bids
herbijudlestoids: iv come up with a new strategy
to keep hitting
the bids with
tiny increments and keep
the last price down, somebody doesnt like it and has been
thickening
the book for me
gribble: There are currently 29342.931 bitcoins offered at or under 10000.0 USD, worth 33898938.0649 USD in
total. | Data vintage: 87.7646 seconds
gribble: Bitstamp BTCUSD
ticker | Best bid: 580.21, Best ask: 583.5, Bid-ask spread: 3.29000, Last
trade: 580.2, 24 hour volume: 34030.08209270, 24 hour low: 575.13, 24 hour high: 660.0, 24 hour vwap: 623.550568937
mircea_popescu: the only problem is
that
they're not decentralised,
that's why.
random_cat: i knew i'd seen
the basket answer before, but it got lost somewhere in
the grey matter
mircea_popescu: MisterE in
this case it makes me giddy
too, i've a boatload of puts.
mircea_popescu: herbijudlestoids can you proceed
through reductio ad absurdum ?
mircea_popescu: random_cat same as always,
the bitcoincharts usd basket
random_cat: what is
the underlying for mpex options
these days?
jimjenkin: so are you
trying
to make a profit
herbijudlestoids: usually when you
type mircea_popescu i feel like
there is a ray of insight and knowledge which i can catch and appreciate. not so much
today.
mircea_popescu: this distinction, which may appear without a difference, is actually
the whole story.
mircea_popescu: you see, if your liver relases glycogen,
this is because of X, not because of X'.
mircea_popescu: your body is not aiming for a state in
that sense, but merely proceeding from X.
herbijudlestoids: soooo basically, everything fighting entropy in any form whatsoever is now analoguous
to obama
trying
to kickstart
the economy
mircea_popescu: it would seem you are substantially both
the same
thing doing
the same
thing : having identified a "better" state and labouring
to enact
this notion of yours into reality.
mircea_popescu: herbijudlestoids
the us economy is in state S, obama intends
to move it
to state S'.
herbijudlestoids: for
the retarded, pls explicitly state what is
the point of contact between
trying
to establish liquidity for exchanging ATCBTC and obama
trying
to kickstart a disjoint complex system in failure mode
jimjenkin: another catchphrase of
the
tech community
jimjenkin: everyone in crypto is
trying
to build an ecosystem, but
they never explain what
that ecosystem actually is
mircea_popescu: so you perceive no point of contact between
the
two whatsoever ?
mircea_popescu: how is
this different from obama
trying
to "restart
the economy" ?
mircea_popescu: so you were not
trying
to
turn a profit, but
to build up
the ecosystem.
herbijudlestoids: mircea_popescu: i was not specifically, with
the amount of capital input,
trying
to
turn a profit. no. i figured
that was clear but apparently not.
the goal, specifically, was
to entice an "ecosystem" as you put it, into existence, from which a profit can actually be derived.
jimjenkin: mircea_popescu: can you
talk about
the latest developments regarding
the
tx mal. bullshit, does it matter?
mircea_popescu: mike_c also why slaves are
the most educable.
they own nothing, are immune
to nothing, have no choice but
tu learn.
mircea_popescu: so you said hail mary before stepping on
the battlefield. so ?
mircea_popescu: <mike_c> <sigh> you want
to learn your lessons when
they only cost $9 or when
they cost more? <<
the problem here is, of course,
that people will waive
their immunity
to reality when reality is still powerless.
this kind of puts a low bound on everyone's education, and
this is why it's so much cheaper
to educate poor kids.
herbijudlestoids: i already said from
the beginning
that its highly unlikely for any business
to succeed if undercapitalised and in
this case i am undercapitalised for "daytrading ATC on openex"
mircea_popescu: so what you're saying is basically
that my question can not be answered, in
that you can't in retrospect establish if you were or were not
trying
to
turn a profit.
herbijudlestoids: mircea_popescu:
the purpose of my activity, like i explained
to you (now 3
times) was
to have a go at something i was skeptical would work, specifically because you seemed
to
think
there was some potential in
trying
the idea out
mircea_popescu: amusingly,
this is pretty much bitcoin-fiat dialogue, personified.
herbijudlestoids: profit can come when
there is an actual stack of bids and offers
to sell into, in
the meantime can make a small market around
the diff implied price which encourages others
to do same, generating
the potential for daytrading, etc
herbijudlestoids: mircea_popescu: what i said
to you from
the very beginning was
that
there is no profit
to
turn, except in
the potential for MM, which i am underfunded for, but i would give a crack anyway
mircea_popescu: jimjenkin norway has
the advantage it doesn't need
to build self-sustaining system, because
they're getting free money from
the sea.
jimjenkin: that
type of health system works in
tiny populations like norway
jimjenkin: obama cant build obamacare becuase its impossible
to scale 1 system
to 330million individuals duh.
mircea_popescu: were you
trying
to
turn a profit, were you
trying
to improve
the atc ecosystem, what was it ?
mircea_popescu: so what were you
trying
to accomplish ? because it seems one of
those polymorphous
things which changes under examination.
herbijudlestoids: mircea_popescu: i just explained it? nature does not build systems which drift from equilibrium. obama is literally riding a complex system in escape velocity.
the implication is
that what i
tried
to do is ...incorrect...because its obama-esque and not nature-esque...im saying
thats so far from what i was
trying
to accomplish,
that i dont understand
the connection
mircea_popescu: herbijudlestoids anyway, it's nothing as heavyhanded as "a lesson" blabla, it's just we apparently all seem
to see sometyhing
there.
mike_c: herb, i wasn't
trying
to rile you up. i was just commenting on you saying you didn't care because you lost $9. my point was
that's
the best kind of loss
to learn from if you can.
herbijudlestoids: mircea_popescu: in no sense am i
trying
to build a complex system, just provide
the seedbed for liquidity in ATCBTC on openex, in
the hopes of enticing others
to do similar
herbijudlestoids: mircea_popescu: your analogies arent even close
to related. nature builds simple robust systems, obama
trying
to restart a complex system far from equilibrium...