log☇︎
923700+ entries in 0.639s
gribble: MtGox lag is 35.184033 seconds. During this time, light travels 0.0705084081919 AU. You could have sent a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
pgp: i think that they've improved lag by an order of magnitude it seems to me... that was a lot of coin that just went off
taub: all those huge sell orders, thenn the cute 1btc buy inbetween lol
MJR_: if you redraw the six month chart...and connect this point to the prior 6 months, it looks like a nice steady growth
pgp: definately going below 50 today, i think...
taub: i got buy orders along the way
pgp: tulips, baby, tulips...
KRS1: its going down to $32? damn
KRS1: greed fuels a purchase at $200+ for a financial instrument that rose so quickly
taub: i know, i still feel bad for them :)
Cylta1: taub: they simple were too greedy.
Cylta1: taub: it was their fault, not your
pgp: get back into the bunker, boys...
pgp: wall at 76 is going to disappear fast imho
MJR_: well, cnbc reported $65...it was at 80 at the time
pgp: crazy action last night, though...
pgp: well, i get the feeling that volume will start to pick up as it continues to drift lower here...
MJR_: pgp: did you test the data? i emailed you the link, wanna see if it'll work right out of the box on your machine
gesell: but tehn again, probably not as much volume or
gesell: lag has been in the 0 to 8 second range for the past 20 min or so
gesell: i love how the 111111 btc addr has become a bilboard for others to send 0.001 btc to have their own scam advertised http://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
ZedsterX: 50 will be the magic number
gesell: why would they do that. maybe they have way more in fiat
gesell: i really wonder if the bid whales really chose to wait it out while holding so much btc at risk
pigeons: has anybody actually seen tiberiusiv and EskimoBob together at the same time?
gesell: there are still 0 whales on the bids book and plenty on the asks
gesell: bifloor, please keep in mind that most of the community today is filled with speculators that dont give a fuck, and also there are plenty of entities that actually want bitcoin to fail. Get your security house in order!
MJR_: my friend and coworker just designed his optimized version of that, which outperforms it...i think he gets 350k messages per second...
MJR_: they should look at 0MQ or something like that
MJR_: yeah i saw the pizza photo
MJR_: i've really been curious about the ACTUAL volume they do # of transactions
mircea_popescu: didn't the guy put pix up ?
MJR_: i really wonder what their office was like today
MJR_: i'm also surprised that more people don't just use amazon cloud
mircea_popescu: heh. ui think you're exactly correct.
jurov: no help there, i guess
mircea_popescu: jurov yea isn't that interesting ? only forum in the world that had 1mn usd at any point
jurov: it's just they found themselves in dark place and feel too paralyzed about everything
jurov: heck, even theymos can't be brought to spend to improve the forum
MJR_: not that its bad to bring up more servers...but if you have a stupid unscalable system in place, it really doesn't matter how much more hardware you have
MJR_: any of those systems would be better than bringing up another server
MJR_: that would work too
troc: limit it to n orders per x ?
MJR_: i was talking about gox
jurov: no. i just did it so that one user can't place two orders at once. has to wait for the first one to return from mpex
MJR_: any one of those would prob reduce their stress by 90%
MJR_: you could implement a system in a ton of different ways
jurov: than to fix afterwards with fees
jurov: it's better to have built-in protection in system
MJR_: if you spam orders like that
MJR_: and IRL they will disable your account
MJR_: its called toxic order flow
MJR_: anyway, to treat an order for .05 btc the same as one for 100 btc is retarded
jurov: i know this fear firsthand now
Cylta1: they should do a stable fee of 0.001 btc per order in addition to 0.6%..
jurov: mjr_ did not plan for it and afraid to break it...
MJR_: i think it would be way less radical to just change min order size than to shut down for 12 hours
MJR_: and they just have a ton of orders for .05 btc
MJR_: i am streaming their data
MJR_: and its because i see all the bullshit orders coming in and out
gribble: MtGox lag is 1.38465 seconds. During this time, light travels 0.00277482309669 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
MJR_: and still not fix the problem
MJR_: but for some reason, they would rather halt trading for 12 hours to set up new servers
MJR_: ugh...when will people learn that stupid systems can't be saved by more hardware
Cylta1: Some people (actually, a lot) expected that "bitcoin is about to explode!11"
mircea_popescu: maybe some didn't know they knew. anyway.
gribble: There are currently 11619.268 bitcoins offered at or under 100.0 USD, worth 1054970.02346 USD in total. | Data vintage: 29.2044 seconds
mircea_popescu: Cylta i take it you've not seen http://trilema.com/2013/in-which-noobs-learn-lessons-and-pay-for-the-privilege ?
gribble: A market order to buy 130000.0000 USD worth of bitcoins right now would buy 1618.5055 bitcoins and would take the last price up to 82.0000 USD, resulting in an average price of 80.3210 USD/BTC. | Data vintage: 27.2853 seconds
Cylta: and did you able to predict it or not
Cylta: mircea_popescu: I just wanted to know, did you able to make it profitable for you, or not =)
mircea_popescu: nobody really has a clue what bitcoin code does, and the devs are resisting tooth and nail any attermpt to specify it
mircea_popescu: it is impossible to do, because these are emergent phenomena.
pizzaman1337: isn't it easy to monitor for blockchain forks?
mircea_popescu: even once a year is too much for people to stomach.
mircea_popescu: i'd end up having to cancel trades daily or some shit
pizzaman1337: ah, true
mircea_popescu: remember the recent hard fork ? i wouldn't trust the current codebase.
pizzaman1337: unsafe to accept money coming in?
mircea_popescu: or in other words : ux is for USERS only. there's no suchj thing as vx, visitor experience.
pizzaman1337: how about instant deposits? That would be nice
mircea_popescu: gpg signed contracts, that's ux.
mircea_popescu: the other part of ux is the 0.2% sell side only fee.
mircea_popescu: Scrat you have lost your argument here. so, ux matters. here's the ux :
troc: UX matters to some
Scrat: by making it more readable? i mean unformatted tables, come on
mircea_popescu: start by stating the point is a great policy anyway.
mircea_popescu: ZedsterX well, so state the point
ZedsterX: not the point
mircea_popescu: so somebody gave away 13k worth of btc on reddit and therefore crash. this is the public statement ?
Scrat: mircea_popescu: I think it's time for you to invest in CSS
bitesak_: "Wednesday’s wild ride came as someone gave away thousands of dollars worth of Bitcoins on Reddit, the social news site. News blog Business Insider calculated a Reddit user under the name “Bitcoinbillionaire” had given away $13,627.69896 worth of Bitcoins to Reddit users over the day."
mircea_popescu: ZedsterX i rarely watch a vid. care to summarize ?
ZedsterX: the part about bitcoinbillionaire is the most interesting
ZedsterX: watch the vid really read the article try not to be so high and mighty all the time mP
mircea_popescu: it's how these fringe outfits survive.
mircea_popescu: ZedsterX there's about fiddy billion people claiming they called it by now.
gribble: MtGox lag is 112.75835 seconds. During this time, light travels 0.225966470895 AU. You could have sent a bitcoin between Earth and Venus at their closest approach (0.254 AU).
ZedsterX: have any of you seen/read this? http://www.infowars.com/bitcoin-crashes-over-50-just-one-day-after-bold-public-prediction-by-mike-adams-of-natural-news/
bitesak_: as you said, say the truth no matter the context, just make sure tis the truth