log☇︎
81871 entries in 1.316s
mircea_popescu: actually it could go as low as cents i think.
mircea_popescu: otherwise this will be known as the flash crash of august.
mircea_popescu: o, yeah. i think right after my initial offerings sold somebody put one up at like, crazy price, trying to get people confused as to value.
Doffx: Yeah I snagged a bunch as well, if he pays I make another 30 or so btc.
DeaDTerra: hahah I had the same reaction as Channd
EskimoBob: I just hope you start converting NAV to something as unstable as Mh/s
EskimoBob: Mh/s gets devalued too fast to use it as a indication of anything
nefario: Obsi, the process is run as a batch job
nefario: also will get loans as a bonus
nefario: I'm going to be adding options to GLBSE as a beta by the end of the week
EmanuelDeOrtego: There's a reason why the government is hesistant to classify most local militias as domestic terrorism in mainstream media.
EmanuelDeOrtego: Look I hate the Eurozone as much as anyone.
EmanuelDeOrtego: but that's about as far as it goes
EmanuelDeOrtego: Well, you can pull the plug on Bitcoin as you can confiscate gold.
farfi: it will rise from the ashes as before
farfi: as long as he pays back - we dont care
nefario: as it's quite complicated
mircea_popescu: and then... somehow... they are counted as all issued ?
Luceo: EskimoBob: Just for now? Want me to give you long enough to come up with a retort that isn't as impotent as you are?
EskimoBob: you are as useless as any other troll
Luceo: You're a particularly unpleasant and unknowledgeable person at the best of times, and apparently a discriminatory racist as well...
mircea_popescu: i didn't mean -otc as in the cesspool.
elementz: but i guess most people use mtgox as a reference for their price, no?
EmanuelDeOrtego: I do as well. I trust that he isn't a man that goes into the red or wants to payout of his own savings.
usagi: If he closes down it makes sense he will pay on that day as usual.
EskimoBob: 56 GH of nothing as of now. In the future IF! they get the chip working - YES
BTC-Mining: As for your question DiabloD3, there's 7631 shares left for BTC-MINING
BTC-Mining: But I'm not betting as to when they go back up
BTC-Mining: The demand is still strong... and it is increasing as prices drop
Diablo-D3: since they cant use other wikipedia pages to claim something is notable, all of wikipedia will have to be deleted as per policy
Anduck: put a notice in the article that specifies it is not the same as bitcoin-qt
Ignatius-otc: ha, i figured as much
EskimoBob: really cool instrument actually (yes, most music plaid with it is crap) but as a instrument, it interesting
usagi: it's solid as a rock
EskimoBob: nefario: please comment out all the charts :) easy thing to do as a temp fix.
usagi: I sent them an email as well with a list of questions
Diablo-D3: mircea_popescu: you as well
Diablo-D3: EskimoBob: which I went from 1mh/share to what Im valuing as 7mh/share for free
mircea_popescu: Diablo-D3 i think as long as there's going to be people who bought at 1 and it's 0.05 or /we now you'll be in this position
Diablo-D3: mircea_popescu: they havent released it as public information
agath: mircea_popescu: I don't intend to sell this, and I also don't search for investors so I don't need to tell you details about it... I just wanted to tell you that it's not so much complicated as it might seem, if you know how to do it.
mircea_popescu: it's really not as simple as that.
mircea_popescu: that'd be a few millions, and as far as i know the highest market cap in bitcoin.
projectshifter: is it all bitcoin related companies, or are there regular companies on there as well?
BTC-Mining: As far as I'm concerned, those invested in pirate should complain to MtGox now and not wait a week.
kakobreklaa: an gox was slow as a gox
mircea_popescu: as a gift.
smickles: as a broker, part of the functionality is to simplify stuff
smickles: as in 'smickes' and 'MPEx' went at it hard, and all that was left over was the smex
smickles: Doffx: if my daughter lets me, I can see that as a possibility
smickles: Ignatius-otc: unfortunately, i cant give a good answer, but i can say as soon as i code a minimum viable product
Doffx: Same as transacting on glbse Id assume or close?
Doffx: As long as you could sell at the 1btc and not lose it would be a decent bond
smickles: you should be able to buy and sell it as you wish
usagi: MoneyIsDebt actually I do, as I am a fully enlightened buddhist master, I understand everything.
brendio: I have no idea. I just got back from Friday night drinks with old work colleagues and am reading the back log, but will need to head to bed soon and will be out for most of tomorrow. I will update in due time as soon as I know more.
mircea_popescu: ya it recovered nicely. we didn't get nearl;y as battered as it looked it'll be
Ignatius-otc: Where I live it will take me over 1m usd to live as a middle class citizen for the remainder of my life, because of that I have a potentially unique definition of "rich". I don;t think pirate got rich from this, but I guess its possible.
MoneyIsDebt: A bunch will be sold though. And I'm guessing, as it's gradually sold over the week, pirate can pick them up cheap, and repay his debt at big profit.
MoneyIsDebt: what happens on gox as 500k bitcoin is released into the marketplace again..
mircea_popescu: i still think it'll go badly, as in, no repayments. however, i'm very happy to see that there's a definite solution to the problem now, so im kinda curious.
mircea_popescu: as i said before, if the guy actually soft lands his btsc whatever i'll be quite impressed.
Ignatius-otc: odds wise...well Im no expert there are far more knowledgable people in this room alone...but imo I feel 100% confident I will be able to redeem for 1 btc per bond, as stated in contracts/as long as pirate doesnt default etc. I am not manually buying any more...so maybe the 100% quote is optimism...
mircea_popescu: Ignatius-otc lotsa put action, as you'd expect.
kakobreklaa: as i said
MoneyIsDebt: heh, there's still a few 1dice in there... as if things weren't enough of a gamble at this point
smickles: the beeps may as well be a constant tone
smickles: it's no 1dice as i see it
usagi: I'm putting in supporting bids for YARR as we speak but GLBSE is slow
nefario: the damage as already happened
smickles: as word spreads
usagi: NYAN will pay out because it passes thru from A and B as well
mircea_popescu: As it turns out, the market severely overvalued the premium on pirate insurance. < ?!
usagi: As it turns out, the market severely overvalued the premium on pirate insurance.
nefario: > mircea_popescu: as if at that age there's other places and other girls.
mircea_popescu: as if at that age there's other places and other girls.
Azelphur: I imagine things are going to be interesting over the next few days as people reinvest BS&T funds
mircea_popescu: no, i meant wiped as in, sold out.
nefario: as part of the processsing
mircea_popescu: it has its advantages, as long as you can make sure that you're not hit with double spends
mircea_popescu: well if someone can put in as many orders as they want based on 5 btc
nefario: it's whats been taking up my time as well
smickles: mircea_popescu: no reserves in this context means that you have 5 btc in the account. you can place as many 5 btc orders as you want. When one of them is taken, then the others are canceled
nefario: as long as they are less than the total value of the BTC available
nefario: GLBSE charts and public API will be made open source as well
EskimoBob: greek banker who wants to be a jew ... my gods, this IS the end of the world as we know it
mircea_popescu: they're merely a conduit for governmental charity, and as such the value of one share is more or less the value of one food stamp.
mircea_popescu: satoshi came back as a retarded guy with an italian accent.
DeaDTerra: I would rather support Bitcoin as a whole and not only the IRC channels
smickles: i'm proud that I wrote it as a one-liner :D
mircea_popescu: As you know, Bitcoinica went from cranking out 6-figure profit one month to
mircea_popescu: it'd do him no good, seeing as he can't even be sure whose account he's fucking necessarily.
mircea_popescu: some people started using it as a definitive model of assesing risk, and as a result fucked up pretty bad.
mircea_popescu: well as i said, i'd consider it for new mpcd if they seem worth doing in nov.
smickles: s²c, people bought non-equity shares, we placed the proceeds with various people who lend btc to people, we pay the received interest as dividends to the shareholders
mircea_popescu: sgornick_ in general the symbols stay the same. due to the explosion of btc i retired the halfdollar symbols and added 11 through 20 dollars instead. i have the ability to do this as needed.
mircea_popescu: as in, the person who finds a hole steals all yer coinz too.
mircea_popescu: it's full coverage, as it were.
Ignatius-otc: precisely, the reddit crowd would just as quickly ddos
Ignatius-otc: they self squat for very long periods of time,so that they can then sell the domain back to the true owner for around $100 USD. As for auto-renew before or after expiration, afaik it happens before the actual expiration date.