log☇︎
922700+ entries in 0.71s
gesell: everyonne that was going to get out would have done so already
ThickAsThieves: 50 is the lowest possible, but i think there is enough money in gox to keep us from there
ThickAsThieves: it will be amplified by the weekend
gribble: BTCUSD ticker | Best bid: 112.00000, Best ask: 112.12000, Bid-ask spread: 0.12000, Last trade: 112.12000, 24 hour volume: 366351.99823576, 24 hour low: 67.34453, 24 hour high: 130.00000, 24 hour vwap: 99.49012
ThickAsThieves: run up yesterday was to fast
ThickAsThieves: here comes the relief price
gribble: There are currently 44175268 bitcoins demanded at or over 0.0 USD, worth 14463026.2065 USD in total. | Data vintage: 0.0111 seconds
gribble: There are currently 81140.686 bitcoins offered at or under 260.0 USD, worth 14577304.377 USD in total. | Data vintage: 21.7122 seconds
gribble: There are currently 79034.624 bitcoins offered at or under 250.0 USD, worth 14036918.2744 USD in total. | Data vintage: 15.5423 seconds
gribble: There are currently 65454.517 bitcoins offered at or under 230.0 USD, worth 10675349.4797 USD in total. | Data vintage: 9.7170 seconds
gribble: There are currently 160.93487 bitcoins offered at or under 117.0 USD, worth 18829.0146385 USD in total. | Data vintage: 0.0025 seconds
gribble: There are currently 44179884 bitcoins demanded at or over 0.0 USD, worth 14575523.3865 USD in total. | Data vintage: 0.0107 seconds
taub: very very thin volume
ThickAsThieves: meh i dunno, but I do suspect hashing is well above what AM and avalon claim to have shipped
gribble: There are currently 44105322 bitcoins demanded at or over 0.0 USD, worth 14323183.9498 USD in total. | Data vintage: 0.0098 seconds
ThickAsThieves: he says he'll address this exact topic in his next post
ThickAsThieves: so if i understand correctly, he's roughly proving that 80% of hashing is done by 20% of miners
ThickAsThieves: if you break down AM, all the AValons possible, and more than modest GPU estimates, I'm pretty sure it leaves room for one asic maker to be cheating
ThickAsThieves: it does if they have been doing it for a month+
jurov: hashrate doesn't indicate that
punkman1: is that the bitcoin24 guy?
punkman1: lol at the stackoverflow link
savetheinternet: i bought a significant amount of asicminer shares today
punkman1: what danger, p2p distributed clown-based exchanges are the future!
damientrog: I wonder how many people realise these dangers
jurov: "just a game, we took it, sorry"
damientrog: but still a great site though
damientrog: this line is hilarious on btct.co: "Fundamentally, the purpose of this stock market simulation game … "
ezdiy: simple explanation - if you're not making enough profit and you're holding assets you'd make in 5 years at current rate, its simpler to screw the customers
damientrog: if it weren't for the fact these guys usually here, I wouldn't trust it one bit
ezdiy: it happened in the past
Scrat: ezdiy: I hope that guy isn't running an exchange right now
ezdiy: anything besides mtgox is hard to trust :(
damientrog: I always am fearful when transferring around fortunes in BTC to these exchanges
damientrog: growing pains of the Bitcoin community
ezdiy: and now will play the victim "aaand its gone, coz of evil german/polish govt"
ezdiy: and simon didnt bother to announce it
ezdiy: worst case - because of the sql bug, lots of coins were stolen
damientrog: the place was going apeshit though
damientrog: I just transferred a decent amount of coins back to my wallet, but it didn't go through
ezdiy: damientrog: that race indeed existed during aug-feb though :)
ChaangNoi: oh wow thanks ezdiy
ChaangNoi: how did i not hear of this lol
Namworld: still, I expect the price to go downward slower
Namworld: well that might occur...
Namworld: Would be fun if it kept mirroring 2011 tho
Namworld: One may wonder if it will die out over the next 2-3 months like in 2011 and stabilize at some low level
Namworld: Current trend is well on it's way to create a perfect bubble chart mirror.
Namworld: This is the result: http://i.imgur.com/GfaIyeB.png
mircea_popescu: he delivered a link to mtgox_db.exe, which obviously.
mircea_popescu: kid got 1 btc from me, paid some debts, went and dropped the rest on s.dice (lost)
mircea_popescu: lol so if anyone's curious re the "hacked mtgox db" :
jurov: CoinBr.iDiff holders should mine hard... otherwise they'll get paid only 0.076 pre share...
mircea_popescu: deer in highheels i tell you!
Scrat: I like the deer metaphor
ChaangNoi: im willing to wait
leotreasure: 50 th would be awesome
leotreasure: takes 2 weeks from the 22nd
leotreasure: i think you're right tho
ChaangNoi: i might need to reread it
leotreasure: he wrote 22th this month
ChaangNoi: no end time
ChaangNoi: 22nd is the soonest it could be up
ChaangNoi: on the 22nd
leotreasure: 22 TH this month
leotreasure: i thought was only 22th
ChaangNoi: they will ahve like 40% of the network, in fucking sane
ChaangNoi: if that 50 TH comes on line... oh man, esp if before bfl
gribble: BTCUSD ticker | Best bid: 119.01001, Best ask: 119.19000, Bid-ask spread: 0.17999, Last trade: 119.19000, 24 hour volume: 519954.94119336, 24 hour low: 54.25000, 24 hour high: 130.00000, 24 hour vwap: 88.43172
Namworld: 50 TH?
mircea_popescu: anyway. off to bed. take care all.
gribble: MtGox lag is 58.992681 seconds. During this time, light travels 0.118220672209 AU. You could have sent a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
mircea_popescu: at this rate by the end of the month all calls will sell for 1btc+ and all puts for over 9000
mircea_popescu: the bot is certainly loving this lol
mircea_popescu: trading 50% off the day avg
pgp: up to 130 heading back down
ThickAsThieves: just got back to my desk whatd i miss?
pgp: oh boy - this is crazy volatiltiy
pgp: bids in starting at 75 and down - we'll see what the night brings.
maximian: yep, that's it for today
pgp: yeah... i don't think I want to go to sleep long...
pgp: pretty amazing, but I think we've seen the local top
Bugpowder: god this is awesome
KRS1: I think
gribble: MtGox lag is 5.442825 seconds. During this time, light travels 0.0109073603591 AU. You could have sent a bitcoin from Jupiter to its second largest moon, Callisto (0.012567 AU).
gribble: There are currently 3233.8751 bitcoins offered at or under 135.0 USD, worth 428171.973792 USD in total. | Data vintage: 0.0209 seconds
gribble: There are currently 3046.9761 bitcoins demanded at or over 125.0 USD, worth 390862.295482 USD in total. | Data vintage: 119.3433 seconds
gribble: There are currently 56189685 bitcoins demanded at or over 0.0 USD, worth 13674205.4139 USD in total. | Data vintage: 80.8205 seconds
gribble: There are currently 56192274 bitcoins demanded at or over 0.0 USD, worth 13877126.7745 USD in total. | Data vintage: 76.0866 seconds
Bugpowder: will do that
Bugpowder: 12M bids was enough to support a $200 price
Bugpowder: Ill put it this way
maximian: 130 today
Bugpowder: but with this bid support
pgp: where does it stop though?
KRS1: I think pgp called it too
Bugpowder: I saw it too
KRS1: I saw this coming actually.
gribble: BTCUSD ticker | Best bid: 126.46112, Best ask: 127.09385, Bid-ask spread: 0.63273, Last trade: 126.01900, 24 hour volume: 566790.55969661, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 86.22508
pgp: what the fuck is going on - this volatility is crazy