log☇︎
924500+ entries in 0.692s
lippoper: ChaangNoi, I forgot to put my ROFL after the quote
error4733: omg from btc e trollbox ? quick, SELL
ChaangNoi: lippoper dont quote the troll box here, lol
evoorhees: pigeons - the site is hung up for an hour or so, that might be what you're refering to
lippoper: GEM from BTC-E chat: "schicksal: MtGox has been suspended by the local japanese authorities for the past 24 hours for inquiry into money laundering via BTC"
ChaangNoi: btc-e changed from user name to e-mail... i used some random e-mail and i dont know what it is, cant log in... fail...
error4733: *opening curtain, looking at sky first time since 10 days
pigeons: evoorhees: i was reading about a backlog of satoshi dice payouts, what's that all about?
Doffx: Now that is "Stupid"
Doffx: They stopped the market!
evoorhees: hey guys, ready for another crazy day on the markets? lol
gribble: MtGox lag is 8.984516 seconds. During this time, light travels 0.0180048694683 AU. You could have sent a bitcoin one full loop along the orbit of the Moon around Earth (0.016 AU).
ThickAsThieves: euphoria is the stupod
mircea_popescu: Doffx that is stupid.
gesell: but i have to take a break
Doffx: Sigh.. you assume they are stupid, and not just caught up in some weird BTC euphoria, emotion trumps rational thought.
mircea_popescu: and forcing them to interiorise this, AGAINST their will.
mircea_popescu: Doffx THIS is education. education begins and ends with telling stupid people they are stupid
bgupta: mircea_popescu: So you've called folks out for having price too high and not selling. Is there a plan for the inverse? "Guys bitcoin should not be selling below $2, please stop selling." ;)
mircea_popescu: just let them fritter away into nothingness and then starve. sure.
Doffx: Educating people, and building each other nets better results, but we never do that.
mircea_popescu: "nobody has to tell americans they're lazy stupid and fat"
mircea_popescu: Doffx if everybody shuns this responsibility we just get us-style systemic failurer.
gesell: suprisingnly the volume on bitcoin-24 still seems level
Doffx: No, nobody has to.
ChaangNoi: man... this is insane
KRS-1: til tom
mircea_popescu: Doffx somebody has to.
Doffx: I dont know, I dont find fun in telling people I told you so either.
mjr_: so mt gox has suspended trading?
joecool: Doffx: where's the fun in that though?
damientrog: damn I wish funds left on btc-24 to buy
mircea_popescu: Doffx i think so too.
Doffx: You know mircea_popescu, I think the loss people may or may not get tells the lesson much better than calling people newbs.
gesell: think about this for one second: even if there were enough people wanting to buy at this low price, they wont even be able to because of the time it takes to wire money in to another exchange. However, those wanting to sell can get their BTC more easily to another exchange. So for the next 24h, it will be a sellers market on
taub: i love their fee structure, but they are too instable and small time
taub: dont think i can recommend bitfloor yet
ChaangNoi: $79.. that is some panic selling i guess
mircea_popescu: because they ran in the red for very very long.
taub: why you think they run fractional reserve tho?
mircea_popescu: once they run out of reserves what happens ?
jborkl_: Trading is halted until 2013-04-12 02:00am UTC to allow the market to cooldown following the drop in price. Read more details on the support. Additionally trading fees will not be charged within 48 hours of trading resuming (until 2013-04-14 02:00am UTC).
gesell: ChaangNoi: where are you seing this 36 h?
DeaDTerra: Bitstamp is currently trading at 79$
taub: people will just rush to other exchanges...
ChaangNoi: at least that will stop the weekend dip, lol
gesell: no worries, max keiser is going to save us
pigeons: there hasn't been a buying opportunity like this in several days!!
gribble: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
taub: hilarious how people go DONT SELL Y OU ARE KILLING IT on the btce chat
ThickAsThieves: i think the problem is they simply made too much money to give a shit about anything
gribble: (title <url>) -- Returns the HTML <title>...</title> of a URL.
punkman: someone should halt MagicalTux from talking
pigeons: of course it has nothing to do with price, all to do with lack of techrastructure
Doffx: They shouldnt have to carry much on hand
Doffx: The users bring the money and btc
Doffx: Yeah, why would they need to
taub: isntead of holding trading
taub: if they think price is irrational they should buy up themselves
taub: the worst is that they think it helps
ThickAsThieves: i doubt thats it
topace|2: "we have lots of money held in bitcoins, so we dont want the price to go down anymore, so we're halting trading"
Doffx: Wow, thats so bad.
ThickAsThieves: "Trading is halted until 2013-04-12 02:00am UTC to allow the market to cooldown following the drop in price. Read more details on the support."
mjr_: halted trading?
ThickAsThieves: tahts their new line yeah
topace|2: so wait, mtgox halted trading to "let things cool off" ?
lippoper: that's because btc-e implemented a verification process in order to stop the Goxers from panic selling all of their BTC on there.
ColdHardMetal: chicken little has entered the building.
pigeons: oh nevermind thats gox
gribble: BTCCAD ticker | Best bid: 118.89825, Best ask: 125.32470, Bid-ask spread: 6.42645, Last trade: 114.00000, 24 hour volume: 903.89633115, 24 hour low: 106.20810, 24 hour high: 254.66214, 24 hour vwap: 167.03981
deadweasel: let them sell
KRS-1: it was the sheeple that put the price where it was
lippoper: and the sheeple are selling
KRS-1: what do the order books look like
lippoper: Sell now before they get your account info and make off with your money, they are saying.
lippoper: All of the idiots thinking Anonymous hacked Mt.Gox is causing everyone to sell everything.
lippoper: It would pretty much be impossible to come back from this
KRS-1: when to buy..when to buy...
gribble: BTCUSD ticker | Best bid: 120.00000, Best ask: 123.40098, Bid-ask spread: 3.40098, Last trade: 120.00000, 24 hour volume: 262114.69964268, 24 hour low: 105.00000, 24 hour high: 255.00000, 24 hour vwap: 162.35695
ThickAsThieves: doesnt seem to be so averse to spikes?
mircea_popescu: it obviously didn't like the drop
ThickAsThieves: the bot thinks 68 is the best breakeven?
ThickAsThieves: all of the sudden
lippoper: These stupid bots, keep buying for decimal points higher, then the price increases super slowly, and others sell much lower, then bot panic sells and the other bots make this shit worse, it's like microphone feedback when you have more than one mic in the room.
KRS-1: what do the order books look like
mircea_popescu: lmao the bot really likes the volatility.
Bugpowdurr: all those cancellations need to update the other ordrs
gribble: MtGox lag is 5.763025 seconds. During this time, light travels 0.011549037574 AU. You could have sent a bitcoin from Jupiter to its second largest moon, Callisto (0.012567 AU).
gesell: ;;eightball WILL satoshi will arrive in a cloud of glory and be welcome by all with eculiptus leaves IF mtgox lag is <120.000 ELSE he will come with vengeance and scorn and smite all those that placed their faith in the magic of the tux?
error4733: ;;eightball satoshi will arrive in a cloud of glory and be welcome by all with eculiptus leaves IF mtgox lag is <120.000 ELSE he will come with vengeance and scorn and smite all those that placed their faith in the magic of the tux
gesell: "eightball: satoshi will arrive in a cloud of glory and be welcome by all with eculiptus leaves IF mtgox lag is <120.000 ELSE he will come with vengeance and scorn and smite all those that placed their faith in the magic of the tux"
kakobrekla: ok fellas cut the crap now
gribble: You know the answer better than I.
error4733: ;;eightball can i trust you ?
gribble: You know the answer better than I.
ThickAsThieves: ;;eightball will you be my trading consultant?
ThickAsThieves: ;;eightball is mircea and mpoe-pr the same person
gribble: One would be wise to think so.
Namworld: ;;eightball Does the bubble pops?