789200+ entries in 0.546s
mircea_popescu: someone should just cut
the gordian knot already and do SiPexchange.
jurov: and want
to reverify documents
jurov: i heard compalints
they have very creepy questions
ozbot: EFF Challenges New Jersey Subpoena Issued
to MIT Student Bitcoin Developers | Electronic Frontier Fo
mircea_popescu: one doesn't preclude
the other and now you've jinxed it haven't you
gribble: MtGox BTCUSD
ticker | Best bid: 908.79667, Best ask: 909.0, Bid-ask spread: 0.20333, Last
trade: 905.0, 24 hour volume: 4942.50335387, 24 hour low: 900.0, 24 hour high: 939.93, 24 hour vwap: 917.68982
mircea_popescu: im sorry i don't have a handy link
to
the 1905 study asking
the population of manchester if
they'd ever fly across
the atlantic in a plane.
mircea_popescu: yeah, probably
the head of
the boss of whatever mob family paid for his position would work better.
ozbot: Petition-LETTER
to regulator Ben Lawsky of NY "The World is Watching on Bitcoin"
ThickAsThieves: i swear i read somewhere
that SR was actually part of it
davout: from
the wiki in 2015: "victim of its own success mtgox will went back
to
trading magic
the gathering cards in summer 2014"
punkman: they don't even make
the
top 5 in volume most days
BingoBoingo: ThickAsThieves:
Those GOx seizures were pre-TSR bust
mircea_popescu: they keep
trying comebacks, but
they aren't getting anywhere with
them. meanwhile
they bleed marketshare on good days, and
they get
taken out wholesale now and again.
pLambert: mircea_popescu: if mtgox had suddenly shut down when
they had 90% of
the market
the price would
tank, now
the price might slip a bit but not much
mircea_popescu: in fact,
the destruction of
the original scumfest (the people gorupped around blf, bitcoinica, mtgox,
the foundation) is
the best
thing
that can happen for btc.
ThickAsThieves: I read
the $5m were seized from Gox related
to silk road
mircea_popescu: pLambert
this is more of a nominalist
thing
than anything. bitcoin's long
term prospects w/o mtgox are way better
than with it.
pLambert: and people have been pricing in
the expected collapse of mtgox for almost a year now
mircea_popescu: davout even if it only goes down a little
through mtgox being
taken out of
the basket.
pLambert: I
think
the mtgoox has shrunk enough
that if
they close it will not destroy
the exchange rate
davout: mircea_popescu: if mtgox goes down you
think btc goes down
too?
ThickAsThieves: you mean if gox goes
to shit by not allowing bitcoin exits, i mean by not allowing fiat exits
mircea_popescu: in fact i still suspect
the dwolla
thing was a backroom deal between
the
two
to strangle competition.
mircea_popescu: punkman
the dwolla
thing sunk
tradehill, but mtgox was not seriously affected
then.
punkman: guess when
they lost millions
to Dwolla might have been a good
time
ThickAsThieves: <mircea_popescu>
ThickAsThieves srsly, if mtgox closes
this month
those puts will likely hurt.
ThickAsThieves: <mircea_popescu>
ThickAsThieves whassat ? <<<
to learn how
to hold onto your bitcoins
pLambert: and how many millions were seized by
the US
through dwolla?
ThickAsThieves: well let's be absurd about it: Current Avg Withdrawal * Current Stuck
Transactions = 41662.5btc
BingoBoingo: punkman:
They went fractional in 2010 after
their first hack.
pLambert: bank run? if
there is no bitcoin
they just stop allowing withdrawals
punkman: when did
they start running fractional reserve anyway?
BingoBoingo: benkay:
They've already died in fiat bankruns. Dunno how BTC bank runs can make gox more dead.
benkay: third question of
the day: can
they survive a bank run?
BingoBoingo: pLambert:
They never had enough. Not since 2010 by my count.
benkay: second question of
the day: how long does it
take
them
to move weight into
their hot wallet?
BingoBoingo: Is
there an Ohio BTC channel? I need
to remind
them
that
they live in a bubbling shitpit and
their rivers are flamable.
pLambert: so does mtgox not have any bitcoins, or do
they just not have any in
their hot wallet?
benkay: btc. anyone with whom i'm going
to put btc on deposit must have a
benkay: <benkay> and also yes, i put a huge risk premium on anything having
to do with
benkay: <benkay>
the gox operation as a history of completely fucking it up
benkay: <benkay>
the gox mgmt
team has a history of incompetence
benkay: <benkay> evaluation criteria: management
teams, past performance
benkay: i am currently hammering
this point home in
the portland bitcoin channel.
ThickAsThieves: mircea maybe we need
to send you back
to
the forum
to learn from MPOE-PR
pLambert: people keep seeing "I can't get my money out of MtGox", but
they
think
the problem is just going
to go away and fix itself?
mircea_popescu: every 80 bux in
the price is like a million dollars due
to all
the magnificent leverage of options.
☟︎ mircea_popescu: ThickAsThieves srsly, if mtgox closes
this month
those puts will likely hurt.
mircea_popescu: pLambert anyone who missed all
those warnings since april ?
pLambert: So MtGox is out of money now? Who uses
them still?
jurov: includein
the very error message
jurov: as i said,
they were inspired by bitfunder/weexchange
ThickAsThieves: "The Mt.Gox IRC support channel
tells me
this flatness is a result of
their hot wallet currently being empty. Most users who
try
to withdraw now get an "invalid address" error, meaning
the withdrawal attempt fails before a
transaction is created
that can get stuck."
ThickAsThieves: "Update:
The charts below have
temporarily gone flat.
That's not a bug -- I'm still getting fresh data."
deadweasel: send one media
team,
them be hacked for free streaming olympics!
mircea_popescu: "They
test
the system in
the report -- and are, as one might expect, immediately hacked
the moment
the
test computer connects with
the Russian network."
davout: jurov: sounds like a headline
the onion would make
ozbot: NBC: All Visitors
to Sochi Olympics Immediately Hacked |
The Weekly Standard
davout: fuck,
this makes zero sense
davout: you're making me want
to watch videos of
these crazy japanese dudes doing irl video fx
davout: the jimmothy
thread converted
to .gif ?
davout: ThickAsThieves: i guess
taking into account purchases by
the market maker bot mixes
the bot's opinion into
the OIX, which doesn't seem
to be desired
Namworld: Please inquire, assuming anyone has
the capital at all.
davout: the bot bought
the puts yesterday
davout: it
takes only sales into account
BingoBoingo: I wonder what GangnamCoin would be
trading at
today if it was released last year?
davout: mircea_popescu: shouldn't
the oix displayed be divided by
the lot size?
BingoBoingo: Namworld: And we get back
to meta. Isn't Altcoin awesome?
Namworld: I'll self-perform a lung lobectomy on YOU and videotape it. (You didn't say on "you performing on yourself" but "you self perform", which means I only have
to perform it myself, not on myself)
ThickAsThieves: doesnt
that kinda request come with more info usually?
BingoBoingo: This shit should be like BTC 101, All BTC values are ints built from 1 satoshi == 1. How
to configure a miner shouldn't even exist until BTC 320.
pankkake: of course, it was in
the other direction
pankkake: the French eventually switched
to New Francs
ThickAsThieves: people are nuts if
they
think people will start
talking in ubtc and mbtc and shit