log☇︎
813400+ entries in 0.598s
mircea_popescu: here's an analogy for you : suppose you're in love, with this luscious young thing. can you see why the device which speeds up her arrival to your current position is great, whereas the device which speeds up your ejaculation once she's reached you is not great ?
amidvidy: which is why a successful colored coin trading network will be multitier. Tier 1 will contain high-volume "supernodes", similar to MPex, that provide low latency at the cost of some anonymity
amidvidy: The nice thing about a distributed exchange is that an actor can still behave correctly in the presence of partial information, unlike bitcoin
Bugpowder: it was a typo it seams
BingoBoingo: amidvidy: Bitcoin largely solves the problem of how to have a distributed ledger of accounts, this is very different from breaking up and distributing a whole exchange
mircea_popescu: you form beliefs about how a problem can be solved without having bothered to define it ;/
amidvidy: I guess I believe that the problem *can* be solved technologically. Just as bitcoin was a better technological solution than say, the Liberty Dollar
BingoBoingo: Remember when Havelock was just that weird little site than only wanted to trade a SatoshiDice Passthrough.
Vexual: he has no beard to stoke
mircea_popescu: havelock is in the process of fuicking itself in the ass exactly the same way right now./
mircea_popescu: the takedown of the playsites is related to people making your mistakes (ie, brash notions of youth). it's unrelated to anything that can be resolved technologically.
amidvidy: care to elaborate?
mircea_popescu: you misjudge both what happened there and what that leads to.
BingoBoingo: amidvidy: In most of those cases it wasn't so much a takedown as they surrended...
amidvidy: but i think there is a legitimate demand due to the takedown of sites like bitfunder, btctco, glbse, etc.
amidvidy: agreed. Even if nobody ever uses it, it's an interesting technical exercise
mircea_popescu: but i guess most need to learn from their own experience.
mircea_popescu: so have a bunch of other kids. it never goes anywhere, for the stated reasons.
Vexual: make a time machine and tell your womb to avoid mobile phones
amidvidy: wow, that is pretty persuasive. Regardless, I've been designing a Kademlia based exchange, with support for market and limit orders.
mircea_popescu: asciilifeform he was so close might have gone for areola. no courage in the spam business these days
asciilifeform: disagree with: that barrister prince paul adeola is a solicitor at law?
mircea_popescu: it matters like this : twenty somethings don't have enough experience wiping their own bottom to opine on matters financial.
mircea_popescu: at that age you don't get to disagree.
amidvidy: not really sure why that matters though.
mircea_popescu: amidvidy http://trilema.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/ << can always start there
BingoBoingo: Being built on the Dogecoin blockchain might be an acceptable alternative though
ThickAsThieves: the ability to scam ofc
BingoBoingo: amidvidy: Non-existence would be a great property to have
ozbot: Bitcoin Investment Trust - SecondMarket
ThickAsThieves: have you asked them?
Bugpowder: no coins coming into their receiving address
Bugpowder: Anyone know how Second Market's assets under management jumped $20MM today?
dub: save the moosecock eh
truffles: omg at that link jurov
ozbot: Pamela Anderson, Simpsons' Sam Simon offer cash to sealers - Newfoundland & Labrador - CBC News
BingoBoingo: pizzaman1337: Or sell BTC to be delivered by Jurov, in a suitcase
mircea_popescu: i knew i'm not getting paid enough to dfo this.
pizzaman1337: so basically, you trade X.EUR if you want to sell BTC, but stay denominated in BTC, not on a traditional exchange, and with 40 EUR spread. Seems mostly like a promotion for B-C to me?
jcpham: that's offensive and ignorant to say
jurov: then you'll fell better that you have only to read them
jurov: imagine you're the historian that got the task of analyzing the logs
dub: gonna have to scan this thing for random troll outbursts and links from mp too
pizzaman1337: so someday you'll sort them for us? ;)
benkay: go earn thy keep, programmer.
benkay: data is there
benkay: welcome to the mpex apis
pizzaman1337: so mpex-mktdepth.php doesn't return the order books sorted by price? that's a bummer...
mircea_popescu: finance is an infinitely complex topic.
davout: i quickly went back to the some-farmer-sells-wheat-for-june
davout: i opened the last pages of the book i'm reading and fell in shock discovering about options on options
mircea_popescu: i'd allow an option on the future just for the hell of it if someone signed some serious mm ing commitment
pizzaman1337: but it requires good market making too
pizzaman1337: in theory, options are great
davout: but without really thinking about it at all i'd assume you'd be better served with options if what you want is leverage
davout: didn't really think about leverage either
davout: and it enables any party to actually trade the EUR without having an account at a regulated exchange
davout: the way i see it this contract has a couple main benefits
davout: if you want to go long BTC i suppose the easiest is to buy BTC on bitcoin-central.net directly
pizzaman1337: I mean, unless the options bot has tighter spreads... this could be a good option for going long BTC
mircea_popescu: then again maybe that's just me being a stick in the mud blocking progress
mircea_popescu: it's not for turning 10 eur into10 x.eur
pizzaman1337: because, unless I'm understanding this incorrectly, when you buy X.EUR you're basically going long EUR
mircea_popescu: pizzaman1337 i suppose the idea is for this to remain mostly a large player thing, so no, probably no ui.
pizzaman1337: both making your own hot teens, and for what you just mentioned
pizzaman1337: will there be a UI for that at some point?
mircea_popescu: so then you can make your own hot teens
davout: what's the point of being wealthy if it's not to own a garçonnière
davout: but anyway, marriage is when the fun begins
davout: if you have EUR on a bitcoin-central.net you can exchange them for X.EUR on MPEx 1/1 for the time being
davout: or hot teens, depending on the offered rate
mircea_popescu: pizzaman1337 you gotta talk to davout, deliver euros to him
dub: they could basically force btc pos acceptance at 50% of the worlds bars
dub: that heiny thing could be big
pizzaman1337: just to confirm, you can't "create" X.EUR contracts and sell them, right?
davout: X.EUR Y U NO TRADE?
gribble: jurov was last seen in #bitcoin-assets 1 hour, 1 minute, and 59 seconds ago: * jurov pays pankkake to troll vexual
gribble: BitcoinAverage BTCUSD ticker | Best bid: 677.4, Best ask: 679.85, Bid-ask spread: 2.45000, Last trade: 679.26, 24 hour volume: 142858.79, 24 hour low: None, 24 hour high: None, 24 hour vwap: 693.39
pankkake: though the mention of bitcoin could be just for the hype
pankkake: heineken doesn't sell directly to customers right?
davout: "hello boyz, appreciate the pitch, gtfo"
davout: that's already too much
davout: you know how to count up to two ?
pankkake: not really, you haven't see me fail to understand how numbers work in C++ :/
davout: pankkake: this is impressive
pankkake: people really are mining this thing!
KRS-: what happened to /dtng/
Vexual: pankakke: how to print with pixma 4700?!?!?! I can't get drivers working, please help!
pankkake: half don't geet the joke
mircea_popescu: mine said "in case of uppity woman, apply to cunt lips".
jurov: "in case of epidemy, apply to nostrils"
jurov: i even found original case from the 80s with prospect
jurov: lol that essential balm.. our family uses vietnamese one, in the same case
pankkake: I know very little about maths in C++ so I failed to make a smoother QE :(
ozbot: [ANN] Bernankoin: the Coin to save our economy - IMPOSSIBLE TO PREMINE
pankkake: https://bitcointalk.org/index.php?topic=375010.0 Bernankoin: the Coin to save our economy
gribble: There are currently 235083.49 bitcoins demanded at or over 1.0 USD, worth 30049576.4399 USD in total. | Data vintage: 0.0680 seconds
gribble: There are currently 36323.35 bitcoins offered at or under 10000.0 USD, worth 46115259.7283 USD in total. | Data vintage: 239.6925 seconds
gribble: There are currently 35298.499 bitcoins offered at or under 2500.0 USD, worth 40994299.675 USD in total. | Data vintage: 71.9605 seconds
gribble: There are currently 12463.257 bitcoins offered at or under 1000.0 USD, worth 10980943.0123 USD in total. | Data vintage: 0.0790 seconds