log☇︎
854300+ entries in 0.568s
jurov: seems we have got same thing with bitcoin
kakobrekla: people constantly send me signed stuff that i cant verify
jurov: how less than pgp?
kakobrekla: yes they suck, but less than pgp
jurov: same thing verifies on blockchain.info but not in bitcoin-qt
gribble: Next difficulty estimate | 133012690.564 based on data since last change | 139651372.699 based on data for last three days
kakobrekla: thats not what i was trying to say, but anyway, lets move on
Rulother___: It's never too late kakobrekla ;)
kakobrekla: o, wait, too late for that
kakobrekla: good to know for when ill be on who wants to be a millionarie
soypirate: Fun fact: FANBOYS, incidentally, is an acronym comprising all coordinating conjunctions in the English language.
ThickAsThieves: i see what you did there assbot
soypirate: whazaaap everyone. I just wanted to thank you all for the many learning experiences I've had here. I lurk the logs when i can't access an IRC client... but u guys are the best...
ThickAsThieves: <tyrion70> hey TAT, finished ur popcorn yet? <<<< This is bitcoin. Should probably buy stock in Orville Redenbacher by now!
Rulother___: This is a first for Havelock to have a higher price than BTCT for labcoin
tyrion70: hey TAT, finished ur popcorn yet?
kakobrekla: well this is fun
mircea_popescu: there. does that complete your set ?
thestringpuller: i think the withdrawal holdups
gribble: MtGox BTCUSD ticker | Best bid: 138.76503, Best ask: 139.49997, Bid-ask spread: 0.73494, Last trade: 138.76503, 24 hour volume: 8175.41457116, 24 hour low: 137.85000, 24 hour high: 142.23000, 24 hour vwap: 139.77612
pankkake: I have no position in those stocks
dexX7: hey pankakke, i was wondering: do you offer the lab bet to hedge or to call posers out?
Scrat: next one is going to be a 40%
kakobrekla: ;;later tell mircea_popescu 15:44.00 ( Neil ) kakobrekla: ^^^ Plz close the hash rate bet.
Neil: kakobrekla: ^^^ Plz close the hash rate bet.
pankkake: it's provably fair technically
pankkake: it was with test coins so normal
ThickAsThieves: and then someone else said they couldnt withdraw or sumth
ThickAsThieves: the website is rather fancy, but didnt Dooglus say their shit is provably unfair?
pankkake: well there is a working website
ThickAsThieves: did this letsdice thing turn out to be a scam or what?
ThickAsThieves: Early bidding is active on BTCT, and I'm trying to sort out same on BitFunder and Havelock
ThickAsThieves: The Pre-IPVO round starts tomorrow at 5pm UTC, the IPVO starts on Friday at 5pm UTC (1pm EDT)
ThickAsThieves: no need for the Bitcoin Foundation to start voting on client features
ThickAsThieves: dev will follow the money
ThickAsThieves: i was arguing for this sort of path with Luke-Jr yesterday
Scrat: ThickAsThieves: I think of it like this: more people have to work on clients full time, this isnt a hobby any more
ThickAsThieves: that $600k doesnt come without a price, i can tell you that much
dexX7: the armory thing is a bit odd.. how do they monetize it?
Rulother___: I was at a get together when I got an alert I thought I would never get in a while lol
dexX7: i don't like manipulation at all and those fudsters are the worst scum ever, but it's indeed profitable
ThickAsThieves: so wouldnt occam send us back to the liquidity issue?
Rulother___: I sold off @ .0033 and bought back in at .0015 sooo it's not all too bad for me really.
gesell: i also dont see how whales with $3 to $20m possitions could be dump enough to not stagger buyin. but maybe i dont understand something
ThickAsThieves: they can't be that dumb
ThickAsThieves: i dont actually think it's rival exchanges
Scrat: ThickAsThieves: like a wife still defending the abusive husband
ThickAsThieves: thus there's les incentive to trigger a bank run
gesell: i mean the stagger of the buyer
gesell: i guess i dont see how the rival of the exchanges would effect this
ThickAsThieves: the great phenomenon in all this is that the other exchanges still trail the gox price
gesell: so lets say the buyer wants to buy $10m worth. I still dont see why they wouldnt stagger over time
ThickAsThieves: then you'd have 3 forces creating time pressure
gesell: im just thinking of reasons for why it might not just be a FIAT exit.
ThickAsThieves: suppose it's two rival exchanges, and a large buyer taking a position
ThickAsThieves: all depends on how much they are tryng to spend, no?
gesell: ThickAsThieves: yeah, so we have someone buying millions (in value of $) a pop. This is a lot of fiat exiting. Also, iit's been happening long enough, for weeks, that cant imagine someone is doing this because of risk over time
ThickAsThieves: thus i buy in chunks, and wait for the price to settle
ThickAsThieves: gesell, i know myself that when buying certain stocks I can attempt to pace my buying, but when volume is too low the waiting becomes a risk
gesell: pankkake: delays and limits. bitstamp limits arent enough to arbitrage
ThickAsThieves: gesell's argument doesnt necessarily preclude there being wd issues
gesell: ThickAsThieves: why are there so many large buys? A buying force wouldn't create this. The buyer would still want to get the cheapest price, not jack it up as the current whales seem to be doing
ThickAsThieves: it's own gox "bank run", whether through actual necessity or sheer superstition.
ThickAsThieves: gesell, whether it's because of withdrawal issues on Gox or elswhere, my working theory is still that there seems to be a paced buying force. Just as, when volume was higher, there were paced selling forces. I'm guessing this drawn-out rally will not be able to avoid moving the price as much as they'd like though, particularly considering that the market is looking for a cue to manifest
assbot: [HAVELOCK] [XBOND] [PAID] 0.88478800 BTC to 1`769`576 shares, 50 satoshi per share
gesell: dexX7: what i monitored and showed in the post was $3m in BTC and FIAT compbined. (some in FIAT to place buys, some in BTC to place phantom ask walls). But this has been going on now for a few weeks so $20m is just a rough guess
dexX7: sorry, got to go afk for a few mins
gesell: also, take into account pretty stringent limits on other exchanges... if you had $20m in FIAT on gox im not sure there is another place to take it to get it out, if you wanted. so... again, not movements because of withdrawal issues
gesell: so yes they follow but very slowly
gesell: dexX7: the other exchanges only now met the initial shock price from a few weeks back
gesell: dexX7: at first i thought the phatom wall could be so that you push the asks beneith that, in effect setting an upper bound forcing a lot of asks to go lower than maybe they would have normally. this would benefit you as an investor because you'd get coin for cheaper when you buy. Still.... if the play is because you want cheaper coin, or because you want to have a shock ralley... it's not because of withdrawal
dexX7: but gox still acts as market leader, so if you do want to cash out, i don't see how a ralley could hurt, because other exchanges follow usually
gesell: dexX7: yeah my thought was if your purpose is to get FIAT out of gox you would want to avoid a ralley, especially one that might create issue with you removing your FIAT via another exchange
dexX7: or it is because you might think: if you want to solely cash out, you don't want to induce any market reaction, thus no "i try to trigger a ralley" moves?
dexX7: investments or to convert your gox fiat holdings. where is teh differece? :)
dexX7: cool, but i don't get it. if you place (manipulative) ask walls, you want the plankton to out-ask (xD) you to eat all their cheaper coins. when you release the wall + send a larger market order, that's fine, also, because you might think this could trigger an smallish ralley -- i don't see a conflict here? he wants cheaper coins (if that all is correct), either way to manipulate bitcoin
gesell: xpost: my opinion of the Gox spread and hike up is that it's more likely to be an attempt to destroy gox or an attempt to increase ROI for investors of bitcoin services... more so than issues with withdrawal http://vongesell.wordpress.com/2013/09/16/price-hike-on-mtgox/ comments welcome :)
Neil: kakobrekla / mircea_popescu: You can close the bet
ozbot: Most Secure Bitcoin Wallet Armory Raises $600k Led by Trace Mayer - MarketWatch
mircea_popescu: i dun think so
Neil: It seems to lag other sources.
mircea_popescu: it's toying with ye.
mircea_popescu: Neil are you in that 1mn bet on bitbet ?
mircea_popescu: just not worth their time.
mircea_popescu: .6 is not even a round lol. i don't even know anyone who'd sign for less than about 5mn by now.
Duffer1: from vc perspective though..
Duffer1: ah i suppose you're right. i'm not used to thinking of .6mil as a small amount
mircea_popescu: they're hoping they maybe come up with something. at least it's a known brand that's known for actually doing something.
mircea_popescu: which explains why the round is so small.
Duffer1: i love armory but i don't see how an investor would get any return off that..
thestringpuller: is this the trezor wallet?
Duffer1: 600k to dev a wallet?
ozbot: Most Secure Bitcoin Wallet Armory Raises $600k Led by Trace Mayer - MarketWatch
thestringpuller: who is Tony Wilde?
mircea_popescu: Tony Wild takes himself a little too seriously.
mod6: damn, thats fucked up
ozbot: Civet coffee: why it's time to cut the crap | Life and style | theguardian.com
dub: now that is trolling
assbot: Last trade for LABCOIN on BTCTC was at 0.002631 BTC [-]
Duffer1: and miss the most entertaining ticker in this chan lol no way