log☇︎
872000+ entries in 0.629s
dexX7: well btct surpassed gox multiple times the last weeks
ThickAsThieves: yeah, no way that 32k in coin on one stock is real
dandate2: u mean we get dumped on by the chinese and lose all our money heh
userioao: cause 2mill are about to run out
dandate2: not even mtgox has volume like this at this hour heh
userioao: dandate2: and why is that suspicous?
matuszed: Unless this is just the ipo chinese BTC holders can get behind
dandate2: right this moment
dandate2: its daytime in china and late night everywhere else so it is a little suspicious why there is a buying frenzy for btcgarden
matuszed: before they sell more
ozbot: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon
matuszed: dont the divs have to be paid back double the ipo price first
kidkrypto: the other 2 million won't be issued right now anyway if they stick to their word
dandate2: of course btcgarden could just be using investments to rebuy their own stock to create this frenzy
userioao: who is the big buyers?
smidge: i could use a few percent after this week tbh
smidge: any news on btcgarden? last one i heard were the usb miners
userioao: everyone cashout quick to jump on the btcgrden
matuszed: makes sense as were about to breach
userioao: everything tanking btcgarden going mad
mircea_popescu: it simply decreases liniarly with time
mircea_popescu: do tell ?
random_cat: here is a bit of trouble i have with bitbet: the nature of the weight evolution is unclear to me.
mircea_popescu: much like spamming is still going 20 years later in spite of the avg spammer making a loss.
mircea_popescu: this will keep going indefinitely, because of the illusion of easy money.
mircea_popescu: random_cat something;'s gotta break. i mean, activemining is exactly reobek to am
random_cat: hmmm... the there will be blood bet seems to most interesting part
smidge: thats what unites them all, huh
dexX7: i'm very sure of that
dexX7: they, too
smidge: its because decadent westerners want to make a profit without caring
dexX7: hehe yes, something like that
mircea_popescu: btcgarden in particular is a lulzcase, with its blog full of pictures stolen off the internet.
dexX7: 1.5k to go
ozbot: The anatomy of a scam. pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: random_cat no excitement whatsoever. there's a couple of scammer assets being pushed by anons.
random_cat: ok... i see what btc garden is... but why the excitement? avalon is already offering a superior product (of limited supply)
matuszed: Wall getting close to coming down
mircea_popescu: ;;later tell klak1212 hey, isk ?
mircea_popescu: ;;later tell plato hey, isk ?
mircea_popescu: and ty :p
mircea_popescu: random_cat that's exactly what it is.
random_cat: what is 'a lot of isk' mircea_popescu? from my logs, plato and klak1212 were interested in multi 10^9 or 10^10 deals in the past 12 months
mircea_popescu: chiefly because people join all excited, do something for a few weeks then abandon it.
mircea_popescu: smidge you can take it pretty far. therer's a dearth of pretty much everything that;s market watching and reporting.
smidge: i will work on it a few more hours and post a thread, just wanna check how far i can take this
smidge: funds wont be in there, regardless of mkt cap
random_cat: the universe is too small
mircea_popescu: basically asicminer + scamfest. you should probably make two tiers.
dexX7: some things to consider: exclude company held shares which aren't intended to trade anyway
saulimus: damn, I'm interested in something like that
smidge: as said, its pre-alpha. there will be more securities in there to reflect a realistic benchmark, plus more frequent updates
dexX7: it's nice to play with, but nothing more at the moment
saulimus: dexX7, do you have a permanent url for that index?
dexX7: well, but they do have much weight
smidge: plus, the general problem is that assets like AM are too heavy weight
smidge: more to come
smidge: there are only a few assets in there
dexX7: but this isn't really reflecting what's going on, i guess
dexX7: smidge: http://i.imgur.com/zzIcRdi.jpg << my experimental take on this. all assets x price * outstanding
mircea_popescu: userioao it's a chan not a topic, esl boi. also, children not childrens.
userioao: mircea_popescu: shhh stop clutter this topic
smidge: yes. i knew you would educate me on it. thats because i love you.
mircea_popescu: don't confuse the two.
mircea_popescu: there's a difference between "basic knowledge" in the objective sense of "what anyone should know" and "basic knowledge" in the subjective sense of "the sum of what's left once we substract out of basic knowledge all the shit i don't know".
smidge: dexX7 "in rel to previous values" - i will post the formula
smidge: mircea it takes some basic knowledge to understand
dexX7: what does "in rel to previous values" mean?
smidge: its the laspayres method
smidge: price and mkt cap in relation to previous values
Graet: coming to melb in sept for a couple of days tho kidkrypto
dexX7: you take summed outstanding shares x price for the listed assets?
smidge: i know the chart sucks :)
dexX7: i don't like the chart, but the idea :)
kidkrypto: good side? you mean that small town known as perth
smidge: i will post a thread on this today or tomorrow
smidge: well, greetings from germany. i need you guys to take a look at something if you have a few mins.
Graet: 4:30pm on the good side :)
mircea_popescu: and if there's people with a lot of isk i want to talk to you!
ozbot: 1BTC moving right along pe Trilema - Un blog de Mircea Popescu.
dexX7: is it too soon to declare conventional stocks as dead?
dexX7: garden is really sucking up coins.. well. if it's for another flip like lab, i'm curious if there is money left on the table to drive the price upwards
dexX7: and now it removes and replaces the bid over and over again
dexX7: range too small to place the ask
Rawted: lol damn that bot, i give up.
Rawted: Yeah, but i'm enjoying the new direction and the work you and arij are putting in, so im tossing it some btc.
Namworld: In terms of APR
weex: only way to beat a bot is with a bot or with capital
Rawted: trying to get some more btcgarden and bitvps, guess ill have to transfer out of cold storage
dexX7: new 25 there
dexX7: i wanted to test it's range
dexX7: where are the 25 now?
Rawted: yup, and keeps replenishing the 25 shares automatically.
random_cat: so if the bot is that dumb, drive the offer down and then lift it
Rawted: it's instant, has to be a bot
Namworld: Bot? They don't need a bot for that
dexX7: Rawted: those bots are on btct for some time now, they usually have a position on both sides and trade the spread range
Namworld: [02:27] <Rawted> whose bot is this destroying actm shares by constantly placing 25 at lower than the last ask?
dexX7: Have you ever looked up how to make a pressure cooker bomb? My husband, ever the oppositional kind, asked them if they themselves weren’t curious as to how a pressure cooker bomb works, if they ever looked it up. Two of them admitted they did. < lol
Rawted: whose bot is this destroying actm shares by constantly placing 25 at lower than the last ask?