log☇︎
820300+ entries in 0.519s
ThickAsThieves: "We don’t have an informed view on this subject..."
pankkake: "Given Bitcoin does not pay any interest and that there are no investment instruments (equities or bonds) that are denominated in Bitcoin"
ThickAsThieves: Dividing the former by the latter, we get 0.07 (which we will refer to as velocity from now on)
ThickAsThieves: Household checking deposits and cash totaled $0.7trn in 2012
ThickAsThieves: US personal consumption expenditures totaled $11trn in 2012
ThickAsThieves: well the report already is retarded
dexX7: ThickAsThieves: http://www.zerohedge.com/news/2013-12-05/bofaml-sees-bitcoin-fair-value-1300 here are some parts of the report
ThickAsThieves: bit the coin
ThickAsThieves: a commenter: "If you found this article useful, please donate BtC (preferably before they become even more worthless). 1HjVaQegDCoDrGgW"
ThickAsThieves: jamespeerless, the article basically says "We intend to buy bitcoins, please don't rally til we have."
nubbins`: "Breaking: Largest, most authoritarian government in the world manages to slightly inconvenience Bitcoin for an hour or so."
jamespeerless: so they're claiming this is the max?
ThickAsThieves: would love to see that report
gribble: A market order to buy 80000.0000 USD worth of bitcoins right now would buy 74.290258 bitcoins and would take the last price up to 1085.9990 USD, resulting in an average price of 1076.8572 USD/BTC. | Data vintage: 181.6505 seconds
gribble: (market buy [--usd] [--market <market>] <value>) -- Calculate the effect on the market depth of a market buy order of <value> bitcoins. If <market> is provided, uses that exchange. Default is mtgox. If '--usd' option is given, <value> denotes the size of the order in USD.
dexX7: yup, thanks :)
gribble: A market order to buy 80 bitcoins right now would take 86200.7744 USD and would take the last price up to 1085.9990 USD, resulting in an average price of 1077.5097 USD/BTC. | Data vintage: 128.2626 seconds
gribble: This order would exceed the size of the order book. You would buy 26053.649 bitcoins, for a total of 344391906.6772 USD and take the price to 1000000000.0000. | Data vintage: 112.7465 seconds
gribble: (buy [--long] <amount> <thing> [at|@] <priceperunit> <otherthing> [<notes>]) -- Logs a buy order for <amount> units of <thing>, at a price of <price> per unit, in units of <otherthing>. Use the optional <notes> field to put in any special notes. <price> may include an arithmetical expression, and {(mtgox|bitstamp)(ask|bid|last|high|low|avg)} to index price to mtgox ask, bid, last, high, (1 more message)
nubbins`: labcoin is still there :P
ThickAsThieves: didnt even bother with a description on that one :)
ll: hmm whats the KENXPL one
nubbins`: tat, guess i slept through it
mircea_popescu: drama is hard to get these days
ThickAsThieves: if there's drama
kakobrekla: everyone on this chan would buy bbet
kakobrekla: what if the late bet was 24 mio btc
mircea_popescu: jurov` the gold vs btc price bet
ThickAsThieves: nubbins you missed the great crash Dec 5th, 2013
ozbot: China Bans Financial Companies From Bitcoin Transactions - Bloomberg
kakobrekla: lets see if the forum heats up
ThickAsThieves: for the drama
kakobrekla: you see where paying dividends brings you to....
ThickAsThieves: did the Gold bitbets score any donations?
ozbot: imgur: the simple image sharer
ll: lol this chan is awesome
kakobrekla: any takers?
kakobrekla: im going to trade them for buttcoin pic
nubbins`: i'll give ya 0.03 for the 5
mircea_popescu: lol i see trade is proceeding well
kakobrekla: if that means anything
kakobrekla: i bought them empty
pankkake: nude diabetics. if they lick they die?
mircea_popescu: taking puns to new highs/lows.
nubbins`: you can't let people with teeth into the building
nubbins`: ThickAsThieves: the canadian mint does this
nubbins`: just get the clampers put on his biz
ThickAsThieves: mp will your lollipop factory be all nude women to prevent theft?
nubbins`: ah, i don't think he's gonna go to jail
kakobrekla: they will go for 1600 then
kakobrekla: i better wait till cas dude is in jail
nubbins`: kako, the going rate seems to be 140-160usd, regardless of denomination
mircea_popescu: the thing sells for 0.01 or we
kakobrekla: i got a few of those 1 btc ones empty and full, maybe its time for the market to have em
mircea_popescu: sell the lolis
mircea_popescu: make little btc addresses and put them into lolipops
nubbins`: 's backing this?"
mircea_popescu: omfg, i have the best idea ever!
nubbins`: well maybe i should glue it to a cufflink.
nubbins`: i should really back up my pgp keys and put them somewhere safe
nubbins`: ah, this raises a point
mircea_popescu: they really like it and ivnite you to weird aryan union events
nubbins`: "what's this niggers.asc in our network drive?"
mircea_popescu: if they get pissed off it's one thing, but what if
mircea_popescu: that was perhaps not the best move.
nubbins`: 7 hours to go
nubbins`: no relation to Ma Barker: http://missouriwomen.files.wordpress.com/2010/11/bloody-mama-1970_imagelarge.jpg
asciilifeform: nubbins`: the author of that piece did turn up eventually.
ThickAsThieves: until you are reborn a milk cow in the US ;)
mircea_popescu: pankkake i just don't acknowledge the relevance of the world past that point.
nubbins`: "To read about all those other people you’ve got to buy the Professional version or even the Enterprise Edition."
pankkake: I don't think he acknowledges his mortality
mircea_popescu: well... inasmuch as i didn't make the original one,
ThickAsThieves: but how will your vision for the world be achieved once you pass?
mircea_popescu: my take home ios that it sucks having kids. because if you have kids then you have to find employment, which transforms you into bernanke. and then you grow old, which makes you greenspan.
ThickAsThieves: so he says I dunno wtf is going on, but lemme tell ya, it's def a bubble
mircea_popescu: for about the same reasons.
mircea_popescu: but if you ask me if this is a bubble in bitcoin... yeah it's a bubble.
mircea_popescu: "I haven't been able to identfy the intrinsic value of Bitcoin - maybe someone else can...
ThickAsThieves: i like that story
asciilifeform: 'sure, this carriage is horseless, but where are the reins? gotta be somewhere.'
mircea_popescu: "I do not understand where the backing of Bitcoin is coming from. There is no fundamental means of "repaying' it by any means that is universally accepted."
mircea_popescu: in other news, we've managed to baffle greenspan
nubbins`: the implication being that doug knew it was true, and was quite upset
nubbins`: around the time he was accused of smoking crack
nubbins`: except for that one time when doug was mad at rob
nubbins`: i think the point being made is that they always support each other
ThickAsThieves: but who cares if they arm wrestle?
nubbins`: yes, that's right, the fine folks of toronto voted two idiot brothers into office
nubbins`: he's a toronto city councillor
nubbins`: has hockey started yet? those guys are probably fine
nubbins`: and their uh
nubbins`: and their marihuana cigarettes will not stay lit
nubbins`: no doubt their silver rounds are snapping in half down there
mircea_popescu: i am the keeper of the aforeknowledges
nubbins`: from the crack brigade: http://www.cbc.ca/news/canada/toronto/rob-ford-documents-8-revelations-from-wiretap-evidence-1.2451620
asciilifeform: from the crackpot brigade: https://likeinamirror.wordpress.com/2013/12/01/satoshi-nakamoto-is-probably-nick-szabo/
nubbins`: amagi metals: "The bad news is that there is a huge snow storm that hit us here in Denver, so there may be some shipping delays from FedEx and USPS after we get your orders out."
nubbins`: i just figured they used tungsten wires to carry the signal ;)
asciilifeform: nubbins`: not quite. there's a delay loop in there. thinkaboutit.