log☇︎
820600+ entries in 0.568s
ThickAsThieves: is there a "real" translation somewhere?
ThickAsThieves: nor google translate
mircea_popescu: unlike the us, these people have had over three thousand years to complicate things.
mircea_popescu: anyway, who knows. i don't trust my grasp of the chinese intricacies much.
mircea_popescu: so it's really more like, if you make a loss trading bitcoin we'll shoot you. if you make a gain we'll maybe promote you, we'll see about that, don't bet on it.
mircea_popescu: well, the govt kinda owns the banks
ThickAsThieves: so I read this as banks and the general financial market cant play bitcoin, but everyone else can, including gox
mircea_popescu: without forcing the bureaucracy to actually explain what is wrong and how to identify it.
mircea_popescu: make strong worded, vaguie proclamations. this will encourage they who do things they think are wrong to desist,
mircea_popescu: ThickAsThieves actually, the legislative strategy of the chinese governments ever since the days of confucius was,
thestringpuller: sell deep puts to the bot lol
thestringpuller: usd 24h vwap 1023.03 7day vwap 1023.74. << possibly a good time to underwrite options?
ThickAsThieves: I wonder how many coins they are buying
ThickAsThieves: lol China is playing the FUD game now I see
mircea_popescu: bloctoc the bot only quotes when it can get a datafeed. if it can't it doesn't quote, and its previous quotes expire
mircea_popescu: that you send some hashing their way means exactly nothing in any sense.
mircea_popescu: and for that matter, anyone can send hashing to ghash, it being a pool.
mircea_popescu: exactly in the sense the hash exchange wasn't run by pirate.
KRS|gotyawallet: this is going to take hours to stabilize ya think?
KRS|gotyawallet: might take 1 or 2 home with me
KRS|gotyawallet: if i do really well off this I'm going to go get FUCKED UP at the strip club. Bet that.
dexX7: oh wait, it's the same text, sorry
gribble: MtGox lag is 20464018.5412 seconds. During this time, light travels 41009.6640301 AU. You could have sent a bitcoin from the Sun to heliopause (out of the solar system!) (100 AU).
jurov`: KRS|gotyawallet: wait for decent translation first
KRS|gotyawallet: how significant is this for bitcoin in general?
gribble: There are currently 0.06 bitcoins demanded at or over 1065.0 USD, worth 64.3540146 USD in total. | Data vintage: 0.0697 seconds
gribble: Error: Problem retrieving gox lag. Try again later.
dexX7: <cdg> LTC/CNY went from 279 to 30
Duffer1: looks like it's already rallying on btcchina, back up to 5900
KRS-: anyone have experience with this?? this could take a while? or should I ready my positions now?
Duffer1: oh nice i didn't realize btcw offered that
dexX7: but there is no new data..
Duffer1: is there a clarkmoody's for btcchina?
dexX7: but i think you are right
dexX7: but seems like the ticker is dead
gribble: MtGox lag is 1129.882129 seconds. During this time, light travels 2.26427113573 AU. You could have sent a bitcoin from the Sun to Ceres (in the main asteroid belt) (2.77 AU).
gribble: There are currently 3452.1426 bitcoins demanded at or over 1000.0 USD, worth 3555744.46885 USD in total. | Data vintage: 0.1959 seconds
KRS-: ya think
KRS-: yeah they can jerk off with it without fiat
Duffer1: right but it always appears to say that businesses are warned against accepting it
Namworld: Needs better translation than google...
Namworld: Chinese people are free to store value into Bitcoin it seems to say, at their own risk.
Namworld: "However, Bitcoin transaction as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in the premise own risk."
Namworld: Having sex with non-legal tender is dangerous. You could catch non-patriotism and other very nasty un-national diseases. Support the nation!
Namworld: "such as not having sex with mandatory legal tender currency property"
dexX7: LOL those fucks
dexX7: is could mean "our banks are not allowed to price products in bitcoin"
dexX7: the whole thing is hard to decipher for me :D
Duffer1: hard to decipher that sentence
Duffer1: "At this stage, the financial institutions and payment institutions are not allowed to Bitcoin price for the product or service, may not be sold or traded as a central counterparty bitcoin"
dexX7: what is unclear to me: do they suggest not to use bitcoin or do they prohibit it?
Duffer1: oh snap that's real
Duffer1: such as not having sex with mandatory legal tender currency property
KRS|gotyawallet: they are sensitive about their currency
KRS|gotyawallet: sounds like they dont want their financial institutions failing because of it
chetty: PBOC:Public free to participate but they bear risks
dexX7: what exactly means "pdoc bans financial institutions from bitcoin transactions"?
KRS|gotyawallet: front page of bloomberg had a note that said "Breaking News: China bans financial institutions from dealing in bitcoin"
KRS|gotyawallet: China better not fuck this up for us
Namworld: No, I mean there's no notice of any ban anywhere
Duffer1: paywall meaning i couldn't access the article you linked :P
dexX7: there was a note on the top
KRS|gotyawallet: paywall like what we have in the U.S.?
KRS|gotyawallet: and you dont see them dumping over this?
Namworld: I don't see the ban...
KRS|gotyawallet: might lose 30% market price over this
KRS|gotyawallet: something tells me this isnt good at all
dexX7: strange though in context of an earlier statement: http://www.reddit.com/r/Bitcoin/comments/1r6rup/chinas_central_bank_peoples_bank_of_china_deputy/
KRS|gotyawallet: China PBOC Bans Financial Companies From Bitcoin Transactions
Vexual: if off to look for comets
Vexual: you're tripping
KRS|gotyawallet: i know all that shit..dense wave division multiplexing
Vexual: solder the yellow wire to pin 3 for me
KRS|gotyawallet: "We're trying to get to 2.5 terabits or even higher [per cable],"
KRS|gotyawallet: good times
KRS|gotyawallet: i still "lived the life" so to speak with many of the execs
KRS|gotyawallet: and then came the broadband piece that added another hundred million or so in certain markets
KRS|gotyawallet: no actually they spec'd out more expensive shit and i showed them the lucent models that increases wavelength density by using better multiplexors that were cheaper
KRS|gotyawallet: as an engineer i spec'd out a lot of the equipment and direcly showed them how we could increase density for increased capacity and a better financial forecast
Vexual: theres money in submarine cable to be sure
Vexual: lol should had nemo on the case
KRS|gotyawallet: i was mentioned on the management team for a $5BB ipo for submarine fiber optic cable..but it floundered.
KRS|gotyawallet: haha thats awesome..a friend of mine used to trade securities and told me some good stories..a lot of them do coke
KRS|gotyawallet: crazy that you know this stuff too
Vexual: nope i just sell trust companies
KRS|gotyawallet: are are talking about spectral analysis?
KRS|gotyawallet: i see you know a thing or two about physics
Vexual: yeah it pretty much boils down to looking for the reflection from the sun
Vexual: youd need a computer like prism to record all the inputs
Vexual: now if you had a radr array in orbit that could see a long way in 360, thatd pay
KRS|gotyawallet: yeah..its fun on a clear night to see how fast them satellites are going
Vexual: watchign satellites if fun, but its the organic space shit you really wanna see
KRS|gotyawallet: my bad it wasnt a satellite i saw, it was the space-x rocket taking off
KRS|gotyawallet: ever see videos from that
Vexual: once a year touchdown? thats an asteroid belt babby!
KRS|gotyawallet: fo sho...love that one that "hit" russia..although it didnt hit ground
Vexual: when a big space rock hits the air, thats the shit
KRS|gotyawallet: i saw a satellite burn up in our atmosphere the other night it was amazing
Vexual: yes well THAT one was in the newspaper, but..
KRS|gotyawallet: whats that got to do with what i was talking about? also- some say comets seeded the universe with life