923800+ entries in 0.67s
mircea_popescu: bitesak_ yes. still, it's hard
to explain
to people
the investment virtues of bitcoin
bitesak_: let's focus on
the good and let it grow and appreciate
mircea_popescu: they have gotten well stung
tho, and stinging will continue until people understand
that bitcoin is actually useful and actually valuable, not a get rich quick scheme of
the week.
mircea_popescu: the fact is
this recent price nonsense has been drowning out legitimate bitcoin interest and investment
bitesak_: and
thank you mircea_popescu for your reliable and great service you offer. it does stick out nowadays.
bitesak_: thanks. call options for Next month are
the same price as
This month as of strike 386
mircea_popescu: we could say it's seeing more of a "catastrophic event"
than normal market conditions.
mircea_popescu: i
think some assumptions baked into it originally (2011,
that is) melded security with actual pricing at
the edge cases.
mircea_popescu: bitesak_
the bot's volatility sense has been utterly overloaded
these past few days
bitesak_: fair enough, so strikes ned
to be extended way beyond 500
to have prices flatten out at ~0.059?
pizzaman1337: yeah, because
the pricing of usd/btc has changed...
bitesak_: the pricing of options seem
to have changed...
mircea_popescu: if
this
trend continues and in a week
they're 20-30%
this will all have been well worth it.
mircea_popescu: the good news is
that based on 24 jhour data mtgox is down under 50% of volume
jurov: i just pretty much ignored whole bubble. not worth
to mess with one's nerves like
that.
error4733: GOOD, pain in
the ass
to explain if btc was crash
to 20$ ut
this, 90$ is juste a correction from
th last 3 crazy week ! hope next bubble i got some ball
to short when a crash is obv
error4733: resume for
the last 6h ? no more drama ?
gribble: You know
the answer better
than I.
error4733: ;;eightball will my boss undesrtand i keep me
tmrw
error4733: ;;eightball will my boss undesrtand i keep me
tmrw
gribble: MtGox lag is 79.565712 seconds. During
this
time, light
travels 0.159448795986 AU. You could have sent a bitcoin
ten
times between Jupiter and Callisto (0.12567 AU).
error4733: or maybe
the address in
the address bar ?
Scrat: error4733: very nice, which website is
that
mircea_popescu: anyway
their lag problem should be resolved
tghe other way
Scrat: 2.57 seconds with roughly 30
trades in
the last minute
gribble: MtGox lag is 2.570025 seconds. During
this
time, light
travels 0.00515030132457 AU. You could have sent a bitcoin from Jupiter
to its largest moon, Ganymede (0.007155 AU).
mircea_popescu: in my experience it's kinda how
this stuff goes. may be wrong.
MJR_: lets not
talk about an actual derivative at all
MJR_: so...they basically say financial derivatives can stablize markets (US govt banned onion futures and
they are now volatile) so given
that info
Scrat: are you ready for
the lulz
today
MJR_: or leveraged
trading
MJR_: but my point is
that
they should have mentioned a derivative
MJR_: i get
that
they should have mentioned mpex...
mircea_popescu: which is nice because i never will.
they can come
to me on knees and get something or else keep on prattling.
mircea_popescu: they are probably waiting for me
to send
them gifts and pat
them on
the head.
MJR_: retards ^^^ how do
they
talk about "derivatives" without actually mentioning derivatives
jurov: yea, just
told my family
to start getting in
gribble: BTCUSD
ticker | Best bid: 90.69400, Best ask: 90.69404, Bid-ask spread: 0.00004, Last
trade: 90.69404, 24 hour volume: 206604.44982419, 24 hour low: 65.00000, 24 hour high: 168.00000, 24 hour vwap: 104.07735
mod6: Bugpowder: you had some nice
trades yesterday
mod6: well, it'll be interesting
to see where
this
thing goes when mount cawks reopens
error4733: ;;eightball yes but please, answer
the question
gribble: You know
the answer better
than I.
mod6: oh yeah sorry someone is
talking in my ear
mod6: haha,
the
thing lights up!
guruvan: hahah -
those stones are strong
Bugpowder: Not feeling bitrich anymore
though
Bugpowder: having someone head up
to Ft Bragg
to scope it
this weekend
mod6: Bugpowder: holy shit you were going
to buy
that
thing?!??
Namworld: ok well... I'm going
to go eat something before gox reopens...
Bugpowder: Had some discussions with
the owner yesterday
Bugpowder: if gox delays opening
though... I will be PISSED
Bugpowder: Time
to get some sushi and sake
to prepare for
the mayhem
Namworld: Leave me
to my delirium. I'm having fun.
guruvan: I rarely have anything in
there (thus no recent deposit addy)
Namworld: darn it... I sent 100 BTC
to MtGox
guruvan: ya -
this is a special occasion
though - I just want
to
take advantage of
the mayhem
guruvan: yeah -
that's what Im
thinking
mod6: personally i would wait until
they can generate you a new one. who knows if
they've changed wallets or whatever.
Insaneatyou: Gox is down, I wouldn't be
touching
them until
they're back up
guruvan: one in my wallet aren't
that recently made
guruvan: any idea how long its safe
to reuse a gox deposit address? I want
to send funds
there, but can't log in.
guruvan: this is
the only refuge of sanity on irc.......everyone else is freaking out about USD loses......
Guest8717: Tell him
that vacuums are actually a multi-billion dollar industry
mircea_popescu: with
the bitcoin is not a good currency because can't be made into a responsible dildo ?
mod6: sometimes referred
to as a founding member of
the
Tea Party movement. <<
the guy is probably a cockmeat sandwich
Bugpowder: Jesus Christ. Denninger is
trolling my FB page.
joecool: but yeah used
to run an exchange
that went under around
then
joecool: he was funny, put a bounty up
to hack mtgox, did a lot of other insane stuff,
trolled bitcointalk ~2011
mircea_popescu: i weirdly have no recollection of
this at all. who
the f ?
joecool: mircea_popescu:
the guy who used
to run btcex a couple years ago
joecool: did
that btcex guy just disappear?
mod6: i saw
that earlier...
then "moni3z" says: You will get your LTC don't worry
joecool: *magic
the gathering online exchange
Bugpowder: yeah
they could be saying it like we have been so successful, its an emergency
Bugpowder: maybe now
they are really doing
the change over
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