log☇︎
924400+ entries in 0.675s
thepuller: mircea_popescu is gox finally getting their shit together?
TomServo: bgupta: dude, it's probably like a whole 4U server too
error4733: POPCORN time !
bgupta: down to "cool the market" funny they didn't do that on the way up. :) Also they claim they will be upgrading to a larger server. (A larger server!! Wow!! Perhaps we can get them a mainframe, because distributed computing hasn't been invented yet.)
thepuller: Me too
splnkr: i'm on the hook for about $10 if they evaporate
splnkr: yeah…moved my funds off yesterday when they got all dicey with the order lag. can't be having that
Namworld: no, the bids orderbook on Gox
gribble: MtGox lag is 6.568517 seconds. During this time, light travels 0.0131632345232 AU. You could have sent a bitcoin from Jupiter to its second largest moon, Callisto (0.012567 AU).
Namworld: This is going to get ugly...
Namworld: the bids orderbook is melting while people are waiting to be able to sell...
gribble: There are currently 92501115 bitcoins demanded at or over 0.0 USD, worth 6073925.62664 USD in total. | Data vintage: 38.0100 seconds
pgp: beyond the pale...
gribble: There are currently 9319.4263 bitcoins demanded at or over 100.0 USD, worth 999793.039756 USD in total. | Data vintage: 13.8258 seconds
splnkr: does any other exchange do that?
gribble: There are currently 6396.6254 bitcoins offered at or under 170.0 USD, worth 963814.770931 USD in total. | Data vintage: 0.0024 seconds
TomServo: pgp: that's the word on the street
gribble: BTCUSD ticker | Best bid: 120.00000, Best ask: 123.40098, Bid-ask spread: 3.40098, Last trade: 120.00000, 24 hour volume: 253681.25852100, 24 hour low: 105.00000, 24 hour high: 236.61711, 24 hour vwap: 159.80297
pgp: mt gox is really not going to trade for the next 9.5 hours... am I reading that right?
Namworld: I think some BTC-BOND holders might be sad tho... they liked my bond...
Namworld: I got plenty left to trade too
Namworld: With my gains, I think I should repay my debt
deadweasel: 227 was last vwap... so any that don't break even there would be profit for mpe
deadweasel: if they weren't exercised
Namworld: I think earnings... people had lots of calls before the crash I think
mjr_: i don't think they will get the chance to remedy their stupidity
pigeons: thats what virwox did until the recent value increase, now they allow .1 increments
mjr_: do they not realize how easy it would have been to limit trades to 1 btc units? poof there goes prob OVER 90% of your volume, maybe you could handle that
mircea_popescu: and that osama guy.
mjr_: lol, its becoming a meme "victim of their own success"
Namworld: I think I could have gotten more for them tho...
ColdHardMetal: could be even better when taking synthetic rates into consideration. you'd need a lot of data at hand to make that work though.
Namworld: well they sold for 0.25, decent
splnkr: oh i see what you mean, at certain points in the day…looks like there are some actors maybe doing it then
mircea_popescu: Namworld it srsly doesn't look like it;'s going to go down too badly.
pigeons: mjr_: my bad, i was reading them reverse order
mjr_: public trades history- last: 122.1
mjr_: or you can look directly at the trades
ColdHardMetal: I doubt anyone was really set up for it, but some pretty sick arb spots today.
splnkr: btce back to 100
mjr_: i am looking directly at the order book
pigeons: mjr_: wait for the actual bids and asks to load, don't just look at the suggestion
mjr_: yeah people losing their shirts today
pgp2: and bitfinex will liquidate margin positions based on those spreads - lol
mjr_: have to appreciate mpex and people who use it
mjr_: love the russians today
Scrat: russia saves the day
pigeons: bitfinex is not routing orders to gox, only internally, bid 110 ask 148
mjr_: Trade with confidence on the world's largest Bitcoin exchange!
mircea_popescu: taub taht'll be the amusement of the weekend, stuff like bitfinex
Namworld: it's only placing new orders that's suspended
taub: lmao bitfinex still trading?
mircea_popescu: you gave us 1mn a month+ for the past coupla months, we fucked it all up.
mjr_: bitfinex is still up trading around 120 as well
Scrat: Namworld: is there an up to date gox orderbook?
mircea_popescu: <mjr_> we are sorry for doing serious damage to an amazing community due to our incompetence <<< that.
Namworld: they're mostly damaging the speculators tho...
mjr_: we are sorry for doing serious damage to an amazing community due to our incompetence
mjr_: what would their order book be good for?
taub: they have to put some japanese people into pr
mjr_: i cannot believe that fucking they said "we are a victim of our own success, look at our impressive numbers"
joecool: in the meanwhile MT is sweating and eating pizza while people panic
taub: i want a 0% exchange that isn't exploitable >:D
mjr_: eh, i think we will see gox finally go down
joecool: taub: things were a lot different in 2011
taub: the 2011 crash took almost two years to recover
joecool: gribble *can* base off gox, but majority of trades I do get agreed upon on trade-by-trade
taub: i think this will be a long hurtful downtrend
jcpham: if the counterparty agrees to it, that's the price
pgp2: maybe we should meetup in regional public places and start some open outcry pit trading..
jcpham: i've been saying for a long time -otc shouldn't exactly base their trades off the ticker
mircea_popescu: jcpham way to go.
jcpham: we seem to have agrred on that
mjr_: around 120 i think
mjr_: that seems to be the real price
jcpham: we gave up on the exchanges
error4733: 75K news users in 10 days, if you compare to 100K for ALL 2012, some ppl on MTgox shit some brick atm
ThickAsThieves: a drop from 265 to 105 is no sweat, but you go from 150 to 120 and its time to halt trading
gribble: MtGox lag is 10.913419 seconds. During this time, light travels 0.0218703694833 AU. You could have sent a bitcoin ten times between Earth and Moon (0.0257 AU).
unbalanced: Virtex dropped to 65 and now up to 100 again
ChaangNoi: funny how btc-e a russian mob site is the large btc usd exchange in operation in the whole world... right now...
ColdHardMetal: Chaang: nah, nothing quite that high, but still well in the money.
bgupta: So curious.. all the sites that are helping to facilitate RL commerce using btx, seem to rely on exchange values to help set spot exchange rates.. How will these sites operate.. e.g - bitpay
ThickAsThieves: good thing i have btc that just got there....
mircea_popescu: pgp2 must stay glued to monityor nao
ThickAsThieves: bitfloor not trading
pgp2: holy fuck - afk for 2 hours and this is what happens...
ThickAsThieves: all that can happen is sell
ColdHardMetal: already sold those coins Chaang, so we're both in good shape :)
ChaangNoi: at least a got a good box of cigars out of this bubble:)
gribble: BTCUSD ticker | Best bid: 120.00000, Best ask: 123.40098, Bid-ask spread: 3.40098, Last trade: 120.00000, 24 hour volume: 258375.90467927, 24 hour low: 105.00000, 24 hour high: 246.94000, 24 hour vwap: 161.16211
ColdHardMetal: the worst thing is going to be reading all the "I told you so" posts all over the internet.
ThickAsThieves: usagi poking the dragon https://bitcointalk.org/index.php?topic=112876.msg1804012#msg1804012
kakobrekla: you can skip the 150
lippoper: in the last 2 days
lippoper: "Some may wonder whether Caldwell's coins will one day be among the few physical reminders of an expensive fad that evaporated into the ether -- perhaps the result of a breakdown in its electronic architecture, or maybe after a crackdown by government regulators."
lippoper: "On Tuesday, the price of a single bitcoin had topped $200. On Wednesday, it hit $266 before a flash crash dragged it back down to just over $100. By Thursday, bitcoins were trading for around $150."
mircea_popescu: takes five minutes to type something into the box.
lippoper: "Just days ago the total value of bitcoins in circulation hit $2 billion, up from a tiny fraction of that last year. But late Wednesday, Bitcoin crashed, shedding more than 60 percent of its value in the space of a few hours before recouping some of its losses. Critics say the roller coaster currency movements are just another sign that Bitcoin is a bubble waiting to burst."
lippoper: but seriously FoxNews planned this? How do they have a story already out? http://www.foxnews.com/tech/2013/04/11/bitcoin-electronic-cash-beloved-by-hackers/