log☇︎
889700+ entries in 0.629s
ThickAsThieves: hoarding sorta does that, whether by investing or speculating in general
ThickAsThieves: in sense we need that way to destroy fiat when a bitcoin is adopted
jcpham: but i'd be dumb not to
jcpham: i'm not saying i'm not helping bid up asicminer and sell their stuff
ThickAsThieves: which is kinda like treading water
ThickAsThieves: yes but right now all those parked funds are going into mining
jcpham: forget about it and simply trust it
jcpham: the volatility goes away when people park their funds
ThickAsThieves: of where we need to go
jcpham: well that's what i mean. these asset exchanges and such function like banks kinda
ThickAsThieves: i'm just trying to get a whole picture
jcpham: the ability to park your money safely is "missing"
aknap3: Need to commoditize John K
ThickAsThieves: so what part of the bitcoin economy is missing
pankkake: I don't know. especially since most prices things are indexed on fiat
ThickAsThieves: dont they all just cash out to fiat?
ThickAsThieves: what bitcoin-only service can truly exist
ThickAsThieves: pankkake, question then
jurov: aknap3: i announced it both here and there
aknap3: almost bought diff-o thinking someone miscalculated by 2 decimals
ThickAsThieves: what product, service, direction, behavior, etc, would most serve the longterm health of bitcoin
ThickAsThieves: i think it's an important question
kakobrekla: too late for that
jcpham: silence and about 5 years to carry on unnoticed
ThickAsThieves: What do you think bitcoin needs most?
jurov: haha nice: The ICBC bank system failure comes trouble "money shortage", inevitably lead to speculation that many people guess the bank is not money.
jurov: it's rather impenetrable... but i can see that spilling over into btc drama, if it causes avalons to stop shipping :)
ozbot: Bank Of China Declares Moratorium On Transfers, Online Banking; Counters Inoperable | Zero Hedge
Bugpowder: hopefully housing will too
Bugpowder: US and China tighten monetary supply, all asset classes lose value
ThickAsThieves: i cant figure a connection that doesnt require leaping over coincidence
ThickAsThieves: what is the correlation though?
Bugpowder: not to mention http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzm1g10zm2g25
Bugpowder: These two things should not be correlated
jcpham: it's a pin i tried again
jcpham: cgminer in windows needs funky driver too to detect icarus
ThickAsThieves: the money has to go somewhere right?
Bugpowder: SP500 and bitcoin will peak and collapse at the same time
Bugpowder: was tiberiusv right?
jcpham: well now's there's a cgminer 3.3.0
jcpham: bfgminer was easier i swear. i tried th latest versions of each
pankkake: "If you are used to the nuances of cgminer, maybe it is time to learn bfgminer, because it was WAY EASIER to get working." actually, cgminer autodetects the thing, there is nothing to add
ozbot: usb erupter tutorial | jcph.am
ThickAsThieves: look at the history!
jurov: hence your task is to convince me so :D
jurov: if the asic vendors blow, the price will go lower
ThickAsThieves: how am is supposed to double my money
jurov: if anyone wonders why it's so cheap, it got subdivided(what is the correct word?) by 100
ThickAsThieves: AM won't pay the bills forever
Vbs: indeed they do
ThickAsThieves: but they do need to fix this shit
ThickAsThieves: this is hiding their other faults
ThickAsThieves: these exchanges mostly live to peddle AM these days
ThickAsThieves: then they'd be even more overpriced
Vbs: and you should'nt be able to vote for a month after you've received/bought LTC-Global shares
ThickAsThieves: why sell 10% of it, and give that portion any power?
Vbs: but at least you would know the vote was coming from a sockpuppet
Vbs: and make sure voters justify their positions with good arguments
Vbs: that could be nice improvements in the long run
ThickAsThieves: and have a dialog with the applicant
Vbs: if they wanted a voting system, all votes should be justified and no anonymous voting
ThickAsThieves: including the exchange
Vbs: just makes it easier to vote with hidden motives
ThickAsThieves: the system is flawed through & through
Vbs: like being judged while you sit outside the court
ThickAsThieves: i find it quite funny how after this weekend, TAT.VM received new No votes
ThickAsThieves: notice he has been mostly silent during the mobs last weekend
Vbs: I wonder how those get approved so easily
ThickAsThieves: and has yet to take any of the blowback
ThickAsThieves: as he is likely the one most largely invested in it
ThickAsThieves: mostly what it accomplishes is a great smokescreen for the issuer
ThickAsThieves: it's a total scheme
pankkake: I still won't invest, I don't have time to follow such a complicated thing
ThickAsThieves: but wonder if it is really not worse than a PMB
ThickAsThieves: i appreciate the design
pankkake: it's interesting nonetheless. I like the innovative financial aspect
ThickAsThieves: so in theory it could drive it down to a reasonable price
pankkake: oh, *creating*. that's what I was missing I think
ThickAsThieves: the other is a bet against the PMB
ThickAsThieves: one of those is a PMB
ThickAsThieves: one allows you to invest into creating the other 2
ThickAsThieves: selling below DMS too
jurov: saulimus: when the panic is carefully premeditated
ThickAsThieves: when the bids are thick
jurov: ptchfork mob, i told ya
gribble: Error: Problem retrieving gox lag. Try again later.
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)
pankkake: I have this on my keyboard layout: ฿
mircea_popescu: there, that actually works in chat.
ozbot: In re noobs and conventions pe Trilema - Un blog de Mircea Popescu.
pankkake: this is your opportunity to sell a lot of TAT investments ;)
pankkake: "$155 plus tax" per night. and it's with a promo code
pankkake: "Join us at The Twelve, Atlanta’s most upscale, post-industrial hideaway in the commercial district of Atlantic Station"
ThickAsThieves: but to have to drive there and then pay to get in
ThickAsThieves: it's so close to me though
mircea_popescu: their target is "oh we're unemployed what to do now"
pankkake: unless their target is rich people who want to invest in bitcoins ;)
ThickAsThieves: their aim is to charge$18
davout: we already have a foundation for that :-)
pankkake: from what I see, their aim is to promote bitcoin - it does not seem targeted at current bitcoin users, and not technical either