log☇︎
880900+ entries in 0.586s
mjr_: this is why there should be brokers/market makers
dub: I should really ragequit this job
ThickAsThieves: Suspected AMC Sock: "Is there any plan to implement a primary and a secondary market (within BTCT.co)? As it stands if a company releases an IPO, speculators can undercut the offering leaving the company high and dry with no funding. Havelock has a system for this, are there any plans in the works for something similar?"
dub: only if you fuck them up
dub: fish are tasty
dub: need to actually execute this shit
dub: DiabloD3: I has the jesus idea around that btw
nubbins`: you'd give the lettuce pickers cotton lung
nubbins`: yeah, i think it's an indirect exchange. there are vents on the outside of the building with huge piles of white lint on the ground beneath them
DiabloD3: and the waste air exits the building without entering his grow space
dub: aquaponics is growing veg and fish at the same time
DiabloD3: if hes just heating copper piping, thats fine
DiabloD3: nubbins`: but he'd need to massively filter the air if hes letting it into the space
DiabloD3: nubbins`: thats clever
jcpham: i know how to grow plants in water
DiabloD3: and ge tthem turned on to bitcoin
DiabloD3: and start growing products for the paleo community
nubbins`: anyway, as luck would have it, the guy was from my city. last i checked, he rented half his warehouse out to a laundromat operation, and used the waste heat from the dryers to heat his grow space
dub: I want to get in on that
dub: even then it will be bat shit in a solution
DiabloD3: they still grow it the old school way in the ground
dub: not some idiot that can't fill every other order I make
mircea_popescu: ya but then they'd discover tjhe spinach was grown in like a chinese waste dump
DiabloD3: mircea_popescu: to be honest, I could have charged even more if I did that
mircea_popescu: for the lettuce
nubbins`: anyway, "who the fuck wants to buy lettuce from a wholesaler who keeps running out?" is what it boiled down to
DiabloD3: you know what I would have done though?
nubbins`: i think his business was more geared towards wholesale
DiabloD3: I assume he ran out of room for trays
mircea_popescu: i dunno that i ever purposefully bought lettuce
dub: a lettuce farmer needs to have stock at all times
dub: one has a unique product that people will chew off their fingers to get hold of
nubbins`: he wanted to renovate his ratty warehouse/grow-op. guess he wasn't good at saving money
mircea_popescu: that happened to me and it's not nice.
DiabloD3: he should have been able to rape wallets everywhere
mircea_popescu: why the fuck would he need funding if he owned the market.
nubbins`: yeah, they argued that his prices were too low. guy had the marked on fresh local lettuce cornered for 9 months of the year, and he walked away empty handed
DiabloD3: time to raise prices
DiabloD3: I see what you did thar
ThickAsThieves: some AM investor wisdom "we don't have to raise the price, we just have to maximize profit. Supply shortages means that we are failing to do that. So either we raise the price, or we increase supply. "
nubbins`: Bitcoin mine collapses, thousands feared dead
mircea_popescu: Ignorance Buffet, an all american tradition.
ThickAsThieves: "The second great monetary fiasco is something called Bitcoin, the computer-generated Internet currency that has captured popular imagination. Bitcoins are currently made available in a fairly constant stream using an encryption technique that replicates some of the inconvenience of mining gold. "
mircea_popescu: best i can see it's the socialist goons doing all the crying.
mircea_popescu: libertarian tears ?!
kakobreklaa: i think he missed drugs
mircea_popescu: Namworld they got all this btc from mining
ThickAsThieves: " So, as one thoughtful analyst in my office noted, “Bitcoin is a schadenfreude-generating machine fueled by libertarian tears and child pornography.”"
PeterL_: what's a chinese investor? Is that a euphemism for something, or is it just a guy from China buying the stock?
jurov: PeterL_: there's a chinese investor
kakobreklaa: for dub troller http://www.youtube.com/watch?v=3RFpVzevVL8
PeterL_: did MPOE make a good anouncement or something? They seem to be going up again?
Scrat: go visit the altcoin forum there's like 10 new ones every day
Scrat: they said they will implement sexcoin derivatives
jurov: i'm not inclined to profanity, but they must have been scary anyway
jurov: lol i remembered when i had a job... got two students to work on my project
mjr_: so it is nice in some ways that linus doesn't take that approach
mjr_: one thing that was funny about that was that you also had an article that said the way that some of the actual devs keep those hanger ons working for free is by "respecting" them or w/e
mjr_: in approach towards mgmt etc
mjr_: very similar to linus
mjr_: so, we see the comparison
jcpham: i suggest monetizing any action that's a pain in the ass
mircea_popescu: jurov next time go "fu, im keeping the .1"
jurov: my reply "you know what, havelock asks 1BTC for this. so stfu."
jurov: haha, i kinda applied this to email i just got to coinbr support "Oh, come on. 0.2 BTC fee (funds and assets) for cleaning up the account? Or 0.1 BTC each month? That's not fair. Can I withdraw all for 0.1?"
dooglus: interesting. I don't know why I immediately went to "I'll pay for that!"
mircea_popescu: you're a fucking masochist. when put on the spot your brain shuts down and your only criteria becomes " what would hurt the most to do ? cause that's the right thing"
mircea_popescu: i'll tell you something you likely won't like to hear, but i'm doing for all the chitlins.
dooglus: I liked your blog post on the nail, shoe, horse thing :)
mircea_popescu: you'll get a lot more beatings on the way.
dooglus: I'm not a manager, don't know what I'm doing, do have the 1300 coins, and don't run fractional reserve - guess that's all?
dooglus: not much to say, really
dooglus: just noticed the hilight :)
ozbot: Linus Torvalds defends his right to shame Linux kernel developers | Ars Technica
Namworld: I prefer to just check the website directly.
matthew_boyd: Ah, why thank you jurov!
matthew_boyd: What's the command to see what PTs are at?
gribble: MtGox BTCUSD ticker | Best bid: 97.05001, Best ask: 97.49999, Bid-ask spread: 0.44998, Last trade: 97.05000, 24 hour volume: 18101.97096272, 24 hour low: 96.00000, 24 hour high: 100.73190, 24 hour vwap: 98.39391
gribble: MtGox BTCUSD ticker | Best bid: 97.30411, Best ask: 97.99499, Bid-ask spread: 0.69088, Last trade: 97.99499, 24 hour volume: 18236.20530588, 24 hour low: 96.00000, 24 hour high: 100.73190, 24 hour vwap: 98.39571
jurov: i have seen that too. and it caused unusual amount of butthurtness on ycombinator news xD
mjr_: I for one am of the opinion that people should be able to say what they think and feel and if they aren't smart or capable enough, no one will work with them, if they are necessary they can do as they like
mjr_: mircea_popescu: this made me think of you http://arstechnica.com/information-technology/2013/07/linus-torvalds-defends-his-right-to-shame-linux-kernel-developers/
Namworld: Gox never spoke a word about it. But then again, they never admit any issues.
Rulother: I would just use coinbase, haven't heard of anyone having trouble with em lately
Namworld: Yeah, but that's the thing, would be only Gox wires which don't go through.
jborkl_: I do not think it was ever sent, and GOX said it was never sent
jborkl_: With how fast it was credited back after I cancelled, and that I have recieved wires to that bank 5 days before
Namworld: US banks would be refusing Gox wires, probably related to the case where they got funds seized in the US.
Namworld: Or admit they banks were refusing the deposits.
Namworld: Well they never told anyone else it was sent either.
jborkl_: they always told me it was in the queue
jborkl_: I asked GOX many times, they never indicated it was sent
Namworld: That's the thing, people were jerked off with generic answer, but calling their bank, they were told the bank refused a wire.
jborkl_: then then I just bought BTC back and moved it off
jborkl_: I can tell you it was never sent
Namworld: Could you try to call your bank, see if they refused a wire? I'd like confirmations from more than just random smucks in bitcoin-otc/bitcoin-anal
Namworld: jborkl_, are you in the US?
gribble: MtGox BTCUSD ticker | Best bid: 97.48000, Best ask: 97.48998, Bid-ask spread: 0.00998, Last trade: 97.01100, 24 hour volume: 18419.81365082, 24 hour low: 96.00000, 24 hour high: 100.73190, 24 hour vwap: 98.40194
mjr_: is that all there is to the calculation?
mjr_: it is listed in the FAQ that a put requires the following amount of collateral: strike/spot