891300+ entries in 0.658s
davout: might be an interesting addition, as, if i understand subkeys correctly
they make
the master key very very hard
to compromise
benkay: this bodes well for my
travels
benkay: all
the most bitcoin fun happens outside of
the us
davout: mircea_popescu: isn't
there a haters
thread already somewhere ? :)
mircea_popescu: lol DiabloD3 actually,
there's a shocker re
the bitcoin girls in
the pipeline
DiabloD3: he got prostitutes
to accept bitcoins?
jborkl_: MP, congrats
to you . Excellent job and well- excellent job
qxzn: Scrat is
that for reals?
deadweasel: or if
they will just bail on
the whole Exchange.
deadweasel: i have no idea,
tyring
to figure out if profit motive is enough for
them
to remain legit...
deadweasel: what are
they doing with customers funds? Lending
them out? Getting 1% in a bank account?
deadweasel: so you
think fractional reserve is breaking down?
peterl: no,
there were a couple steps up
deadweasel: causing price bulge on gox.... I am not sure Gox has a bank
that will do USD withdrawals for
them...
deadweasel: y'all
talked about
the
two week gox USD withdrawal freeze yet?
TomServo: Some
time stamps on
the comments would be welcomed.
jborkl_: not everywhere will
take bitcoin and
that is not important
furuknap: If you can at most get 10K BTC at $10, you won't invest
that.
mircea_popescu: technically speaking
the better stuff you eat was paid for in euros.
jborkl_: but
to me bitcoin is a commodity - I have a barrel of oil - I know what it is worth, but I can not go buy food with it
furuknap: They don't, but
those
that get BTC will pay in $ so
the exchange rate matters
to
the extent
that it affects whether someone will invest
the $200 million required
to keep
the current hash rate growth up until February 2014.
mircea_popescu: furuknap
the fact x involved party needs
to eat is not more a germane point in discussing btc deonomination
than in discussing dollar denomination,
jcpham: i don't
think it's possible
to predict or factor
ThickAsThieves: all
things bitcoin require investors
to stay savvy of all factors
furuknap: It must, or someone will have a rude awakening in 2016 if
the block reward doesn't explode from
TX fees.
furuknap: mp; it isn't. It's sold in BTC, but foundries and designers still need
to eat.
ThickAsThieves: really
though,
the halving simply should not be factored into current investments
furuknap: If halving effect is 50%
then each month, with a price of 3BTC/share, AM 'loses' 0.0340909BTC.
furuknap: mp, dollars will have an effect because mining equipment and expenses are still denominated in $. If BTC/$ drops
to 10$
then less mining will happen reducing difficulty increasing profits.
mircea_popescu: jborkl_ dollars don't entyer into
this discussion really. it's all btc
mircea_popescu: furuknap obviously
to his mind bitcoin=his own interest.
mircea_popescu: they may be half a btc per block, but
they won't be 10
furuknap: friedcat said
that
TX fees must be at 15BTC per block
to protect Bitcoin.
That's a very scary statement.
jcpham: we'll be at 0$ or over 9000 by
then
furuknap: I'd put it slightly lower
than
that, but it's still starting
to look like a loss project. My numbers from
two months ago are still holding
true.
jcpham: the next price halving is
too far away for me
to care about
mircea_popescu: if you consider your weekly amortisation
to be 1% (it is a mining
thing after all)
then each week is a ~0.013 loss per share.
jborkl_: just like it did last
time
furuknap: Yeah, but problem is
that we don't know what happens
to price when halving becomes more prevalent in mining discussions.
assbot: I
thought I
told you not
to
touch me.
furuknap: That's about
the only
thing
that could be worse
than what
they were already doing...
ThickAsThieves: it looks like AM is
trying
to maintain .015+ weekly divs from mining
jborkl_: I just go off
the number of coins I expect
the network
to produce, which is more or less constant across a long
time period- / percentage of network owned /number of divisible units (shares) + hw sales
mircea_popescu: based on
the actual block frequency and
the diff i mean.
mircea_popescu: you know
the "network rate" is backwards-interpolated based on
the actual nethash right ?
furuknap: It's been lower when AM fell out. I
think I saw 135 within
the previous 24 hrs. Can't be bothered
to look it up,
though.
jborkl_: and
the network rate has been holding steady at 139-141 for
the last few days
furuknap: Nah,
too much of a hassle. I only calculate AM based on network share, not hash rate :-)
jborkl_: that is
tto short of a
time frame,
the variance on
that is huge
jborkl_: It is stated
the calculation is based on 36 hours of blocks found solo mining
furuknap: Sure, but I'm still wondering why
the live chart shows average for 48 hours (if
this is
the case) when
the non-live chart shows current.
furuknap: Yeah, I know
that, but why is
the
top ones, on a live chart, sying 26 when
the average is higher?
jborkl_: ok, I was wrong
the div will be lower
jborkl_: what percentage of
the network are
they
jborkl_: without hardware sales AM div should steady out at .01239 share at
this rate, unless
they gain or lose market share
furuknap: True, it's a bit up.
The point remains, when nethash flattens out, and it must at some point, it will doubly affect DMS.* assets.
furuknap: It was almost positive
this morning and more negative now.
furuknap: If
that keeps happening, it will be a double reverse.
ThickAsThieves: but I'm really not sure what will happen
to
the market with
them
furuknap: I'm somewhat cautious about
the DMS.* assets,
though, as
they effectively have somewhat of a double exposure.
mircea_popescu: ThickAsThieves ironically enough a guy vby
the name brendio was drafting
the same
thing about may 2012
ThickAsThieves: now
that DMS released and devalued hashes even more
than I did,
mircea_popescu: banks routinely keep mpoe-pr people on staff,
to berate idiots over
the phone for being idiotic in
the hopes
they may be pushed
to suicide.
mircea_popescu: Chase bank and another bank, have both decided
that we as a Bitcoin based business are "Too High Risk" of clients, and have frozen/shut down our accounts. We were NOT given notice, and we were simply
told "your funds will be sent
to you by check within 30 days".
This is not something we were ever warned about, given notice of, or even received
the courtesy of a phone call from
the bank beforehand.
mircea_popescu: well actually he's a fat guy from
the midwest who pretends
to be a juvenile japanese female with magicval powers, karate expertise
ThickAsThieves: this is
the first week where I finally stopped clicking Unignore
to see what people I ignored said
mircea_popescu: was a sight
to behold. course like 1k posts were meanwhile deleted
ThickAsThieves: fascinating indeed,
talking
to usagi just gives me a headache
mircea_popescu: usagi : MPOE-PR likes
to make quips at me for some reason.
ThickAsThieves: lol, first comment on Facebook in response
to
the USD
thing "What is really a joke is
that we don't have LTC yet"