log☇︎
916300+ entries in 0.631s
Technologov__: But I highly doubt, that they will ship any.
mircea_popescu: so when it turens out to be actually fakwe
Technologov__: because of this: http://bitcoin.sipa.be/
Technologov__: I _do_ believe the ASICs are real
jcpham: if you think it's fake
Cylta: jcpham: i think I heared it somewhere already...
jcpham: In the meantime, if you have an questions about the Butterfly Labs machine, send us an email.
jcpham: Meanwhile, Butterfly Labs is nowhere near full production capacity. The company says that its systems will continue to trickle out, with another 75 to 150 shipping in the next few weeks.
mircea_popescu: not if you're in the wot. took him all of a day oir w./e
BTCOxygen: Technologov__: He recieved in small chunks with a total of 100,000 before he ran away.
Technologov__: converting 100,000 BTC takes time...
BTCOxygen: So hes not that rich.
BTCOxygen: Also IIRC he converted bitcoins to USD as soon as he recieved them.
Cylta: BTCOxygen: for such amount you should take 30d avg...
Technologov__: (only if they use someone else's money, like in Spain... those PIGS - pirtugal, italy, greece, spain)
BTCOxygen: Technologov__: ^^^ Here is the math.
Cylta: Technologov__: ahhh, in this meaning... yes. but money can default (or start to huperinflate)
Technologov__: gvmt has no reason to default on own obligations.
Technologov__: Cylta, why not ? gvmt can simply print money to return cash.
BTCOxygen: I don't want to do the math its painfull.
Technologov__: Anything above that takes risk (and time).
Technologov__: aha. Typical ponzi.
BTCOxygen: Technologov__: He was paying a high interest rate to users who invested with him.
BTCOxygen: He was running the project.
BTCOxygen: He ran away with the bitcoins.
truffles: thanks to CM Punk..
mircea_popescu: he's trying to start a personality cult
inhies: i read that as Tupac
topace: [11:27:57] You owe Topace 20 btc right?
Cylta: I see two cats =)
inhies: not even in teh slightest bit
jurov: yes a cat is there, zoom moar
mircea_popescu: http://polimedia.us/dtng/c/src/136699181151.jpg check out the cat.
cylta: MJR_: pirate? but unfortunately he temporarly suspended his project =)
jborkl: reminds me why I do not read the forum
jborkl: I feel dumb for reading part of that reptelia thread
Technologov__: Any good Bitcoins companies traded ?
MJR_: or at least try
mircea_popescu: "some douche" is the best i got out of mpoe-pr
MJR_: hmmm i think i am going to do an otc transaction
mircea_popescu: MJR_ i totally have no idea.
mircea_popescu: no srlsy, the bitcointalk forum is like... seinfeld.
MJR_: who is that guy?
mircea_popescu: "I think rpietila is very close to establishing cult of personality. What MP achieves with mental coercion, rpietila does using humour, and with ease."
truffles: it would take getting used to
truffles: oprah already has oxygen network though
BTCOxygen: truffles: It sounds cool to me.
jborkl: You owe Topace 20 btc right?
jcpham: where do i sign up? I have 1 btc to contrtibute
Scrat: but that doesn't make it anymore viable
jcpham: and there are no rainbows here
jcpham: i'm not going to jump on the tread and be mean but like those guys are saying
truffles: i dont like the name btcoxygen..
BTCOxygen: Paying users = trust.
BTCOxygen: Thats what brings the trust.
BTCOxygen: imsaguy: Yeah it does not need rocket science, Also we built our custom poolserver, Plus we have paid users without troubles.
imsaguy: Technologov__: mining pool software is prepackaged these days. it doesn't take rocket science to run it.
Scrat: BTCOxygen: are they chinese?
jcpham: you should get used to saying "me John Q Whatever and my partner Steven X> whocares"
BTCOxygen: team = The people working for us.
BTCOxygen: Our team
BTCOxygen: jcpham: Yes we need funding for the project.
BTCOxygen: jcpham: Why sell the coins ?
jcpham: it difficult for me to trust
jcpham: who sel the 150k in coins the new month at 40 mil
imsaguy: I know difficuilty will hit much higher than that
BTCOxygen: jcpham: Profits will be paid out to investors in Bitcoins.
BTCOxygen: imsaguy: So you are saying that the difficulty will not hit 100m ?
jcpham: at 20 mil difficulty who is selling the $306k in coins you mine in july
mircea_popescu: there's this crazy gbet about 10mn diff by end of month
Scrat: jcpham thats one zero too many
imsaguy: At this point, asicminer has the shareholders by the balls.
imsaguy: Well, technically, they don't even need that.
jcpham: what's the timeline until deployed BTCOxygen
Chaang-Noi: imsaguy and that is what i told you
mircea_popescu: Cylta yes, you can create options. you need to cover them.
Cylta: Can I create options? and do I have to keep a balance to cover them? (and what do I have to do with puts, because they may cost ~inf in case if price will go to 0)?
imsaguy: Chaang-Noi: he meant they won't exist on the exchange, derp
Chaang-Noi: my point was, MP claim of them not existing if they are not on his eschagne is lulz
ThickAsThieves: they did, they just didnt share
imsaguy: how are they going to add 50 more if they can't get teh original going?
imsaguy: they're supposed to have like 12 TH
Chaang-Noi: that is much more than not existing
Chaang-Noi: and anyway they have 7.7 TH
Chaang-Noi: did you read his update today?
imsaguy: Scrat: it happens to those with a reading level below the american fourth grade
Chaang-Noi: they ahve the chips, they dont have the power
imsaguy: they're starting to sound like bfl
imsaguy: Chaang-Noi, they've been promising for a while
jcpham: -otc is a terrible place to sell the idea
Technologov__: There is an opportunity to Invest in Avalon ASIC chips.
Chaang-Noi: 10% of the network and soon to be 20%
imsaguy: jcpham, I'm goign to form my own asic company
BTCOxygen: imsaguy: Use google translate..
jcpham: get in on the ground floor of peachMining
ThickAsThieves: its a moot point, like Chaang says, they don't need anything
Chaang-Noi: why take a risk with no gain?
mircea_popescu: they need to sign if its on mpex.
imsaguy: mircea_popescu: AM needs to sign if its a passthrough?
Chaang-Noi: AM has all the funding they need, they dont need shit