log☇︎
911600+ entries in 0.666s
Chaang-Noi: maybe they need more funding
Chaang-Noi: lol did they forgetto pay for the domain?
Rhino: Still see the domain registration page on it
Diablo-D3: I wanted to post dividends but couldnt
Chaang-Noi: works in tbhailand
Chaang-Noi: nice to see btc back in the 90s
Chaang-Noi: why were they down?
gribble: BTCUSD ticker | Best bid: 93.00000, Best ask: 93.99989, Bid-ask spread: 0.99989, Last trade: 93.00000, 24 hour volume: 330614.82688208, 24 hour low: 79.00000, 24 hour high: 114.73100, 24 hour vwap: 95.36606
Diablo-D3: hurray the forums are back
gribble: MtGox lag is 17.070391 seconds. During this time, light travels 0.0342088724344 AU. You could have sent a bitcoin ten times between Earth and Moon (0.0257 AU).
ThickAsThieves: someone wants to sell coins at a higher price
gribble: BTCUSD ticker | Best bid: 90.10000, Best ask: 90.35000, Bid-ask spread: 0.25000, Last trade: 90.10000, 24 hour volume: 322025.96705327, 24 hour low: 79.00000, 24 hour high: 114.73100, 24 hour vwap: 95.95725
Scrat: and that you should go back to writing hello world applications
Scrat: ThickAsThieves: it means that you're a hack (if you're spitting out errors to visitors that reveal database details)
gribble: BTCUSD ticker | Best bid: 86.00000, Best ask: 87.37727, Bid-ask spread: 1.37727, Last trade: 88.93000, 24 hour volume: 317169.48209858, 24 hour low: 79.00000, 24 hour high: 114.73100, 24 hour vwap: 96.07508
ThickAsThieves: i think their host doesnt want them anymore
ThickAsThieves: is that something that will be exploited once live again?
mircea_popescu: anyhway, enough of this, i have people to meet. catch you all later
jurov: nyse is bucket shop then, too you can't even access IPO directly without going through some intermediary bank
ezdiy: jurov: well, as long things are not transparent
jurov: ezdiy knows, he's just trolling
mjr_1: there are two ways to create an option
ezdiy: jurov: transparency
mircea_popescu: this is the problem of talking to the ignorant. to them all the words mean the same thing and it changes randomly. so therefore discussion is an exercise in what, aesthetics.
jurov: ezdiy, there is an api for writing options, or what are you asking for?
ezdiy: actually anything morally dubious is legit as long its transparent
mircea_popescu: yes, well, the opinions of retarded 15yos aside, things are what they are.
mircea_popescu: yes, it's simply true. if economy consists of this idiocy we all starve
ezdiy: which is simply not true
mircea_popescu: heh. that's not how it goes, no.
mircea_popescu: moving money from pocket to pocket is neither business nor investment
mircea_popescu: needs a business to be an investment.
ezdiy: and you win the game
ezdiy: mircea_popescu: just pull out the principal if its a ponzi
ezdiy: kakobrekla: trolling there stopped long ago
ezdiy: but as long you werent the last fool holding the bag ...
ThickAsThieves: SR has no way to obfuscate customer data, so no way to retain customers
mircea_popescu: should make a comment on his blog prolly. this is unobvious but solid.
mircea_popescu: a excellent point you have there
ThickAsThieves: then those sellers leave SR
mircea_popescu: davout well yeah. what, people want to steal books ? let them.
ThickAsThieves: cuz people want an easy trust choice
davout: mircea_popescu: implements incredibly tight security on mpex, enforeces payments using the client IP :D
mircea_popescu: ThickAsThieves i think he's a noob mostly. bitcvopin noob i mean
ThickAsThieves: he conveniently ignores some things
mircea_popescu: well they're in bitcoin so that's understandable.
davout: mircea_popescu: you do write quite a few articles so i guess they're deserved!
mircea_popescu: i thought you already had some
thestringpuller: Can I get free trilemma credits if I do?
mircea_popescu: ya i'm only making more than most bitcoin businesses from those credits so...
davout: mircea_popescu just wants someone to buy his trilema credits :)
mjr_1: share that blog post?
mircea_popescu: we have a responsibility to educate our inferior friends over there.
mircea_popescu: actually, anyone with a reddit account kind enough to spread the luv ?
LainZ: nice one again mircea_popescu been reading your blog for a long time and it is greatly appreciated, thanks!
ThickAsThieves: like who would bet on a bitcoin business for 10 years at this point
mircea_popescu: ThickAsThieves why surprised ? we know they don't jhave a business strategist.
ThickAsThieves: is that coinlab agreed to make 10% more than previous year revenue for 0 years
mircea_popescu: ya well, this is why buffett said acquisitions are always at a disadvantage ot the buyer
ThickAsThieves: the thing that surprised me about the contract
davout: dunno, if you take an average 1% fee on the volume it's like 30M USD volume, there's lots of room to cover the costs, don't think so?
mircea_popescu: if you know what things are really like they're sort of ambitious.
davout: mircea_popescu: they seem kinda low
mircea_popescu: which are i imagine news to many people who misrepresent the exchange revenues etc.
mircea_popescu: the main reason that contract is relevant is because it shows the targets
davout: LainZ: not sure yet, there's like a shit ton of stuff to do here
imsaguy: LainZ: thank you
gribble: BTCUSD ticker | Best bid: 81.83435, Best ask: 81.85530, Bid-ask spread: 0.02095, Last trade: 81.85530, 24 hour volume: 315308.23666282, 24 hour low: 79.00000, 24 hour high: 114.73100, 24 hour vwap: 96.42800
LainZ: You're going to San Jose right davout ?
davout: LainZ: thank you
davout: did anyone find the actual contract that should be attached to the filing ?
imsaguy: and think they are in compliance
imsaguy: until it hits a court, people can kind of do what they want
imsaguy: the problem with all of the fincen guidance is it is untested
mjr_1: they are saying gox breached the contract
mjr_1: why would they be worried about bein in breach of contract
davout: imsaguy: yea me too!
mjr_1: huh? coinlab is the suer...
imsaguy: I would like to read it
davout: and that might be because the msb license itself isn't enough, but hey, just my opinion
imsaguy: the scribd document of the court filing failed to include said contract
imsaguy: The court filing attached the contract
sturles: My guess is that CoinLab wasn't ready, but don't see themselves as beeing in breach of contract. Transferred customers wouldn't be able to transfer funds or trade.
imsaguy: they typically require a $25M bond
davout: i have no idea, like mircea_popescu said it is not france, but the fincen guidance referred to people exchanging btc for fiat, not for people who sit in the middle and acts as escrow
sturles: I understand you need a licence for each state if you are going to hold user funds.
imsaguy: and more importantly, how do you know they hadn't started the process for that?
davout: imsaguy: i'm saying they'd need a different license
imsaguy: did I not just say they were already registering for the license when fincen released their guidance?
davout: imsaguy: the technical platform does not matter, it's the entity that holds the funds who needs the license
mircea_popescu: they failed, through mostly everone involved being ignorant idiots
davout: if they aren't counterparty to transactions they are an exchange and hold fiat on behalf of third-parties
imsaguy: gox handle the exchange
imsaguy: coinlab was going to handle the cash
mircea_popescu: what they were trying to do is exploit a present hole in legislation.
mircea_popescu: davout arguably coinlab was not an exchange. without going into the whole legal theiory here
mircea_popescu: so no, this lawsuit is not ending in a settlement. you can't settle egos.
davout: imsaguy: no, that would be for fixed rate exchangers
mircea_popescu: not really any customers, they just got the seething ego of vessenes whom i've trashed to all shit and publicly humiliated for three lifetimes.
imsaguy: which is all fincen was requiring of them.