924800+ entries in 0.668s
deadweasel: great post. have your readers increased in
the last few months? any data on
that?
KRS1: the kind
that stinks afterwards
KRS1: i bet many a rectum are sore
this morning
ezdiy: gribble, dont beat
the dead horse
gribble: Error: Failure
to retrieve
ticker.
Try again later.
ezdiy: the resemblance of bitcoin
to religious cults is certainly here
mircea_popescu: yeah, keiser is
the polar opposite, inasmuch as clues go.
ZedsterX: well couldn't have done any worse
the current person on
that
throne
ezdiy: max kaiser
the polar opossite
ezdiy: preaching bad
things for bitcoin
ezdiy: kinda like max kaiser being
the jesus preaching light of
tomorrow, and mircea_popescu
the evil guy
ezdiy: maybe bitcoin will
transition from cult of getrichquick
to cult of personality
ezdiy: mircea_popescu: i
think
the phrase is "wording"
ZedsterX: they must happy with
the spot moved a bit
mircea_popescu: ZedsterX it's not lieing if you say stuff
that's not
true
ZedsterX: it is kinda funny
that on gox's
twitter
they say don't panic network maintance
then 8 minutes later we are under ddos
MJR_: yes, most of you now
think of getting screwed as getting "goxxed" but i can make
this look good
ezdiy: see
that right
there
ezdiy: for
two hours in
the next 12
to 24hrs
ezdiy: ZedsterX:
translation: maintainance
takes much longer
than expected, but lets play we're
the victim here.
MJR_: LOL, keep reloading it eventually will get
there
MJR_: (they actually claim
that
they caused
the panic sale due
to how much volume increased)
MJR_: we were directly responsible for a panic
that resulted in a drop of over 50%...we are just
that good
MJR_: the egos on
these guys...
ezdiy: kudoz
to
their copywriter
ezdiy: i
think mtgox pr money is well spent
MJR_: cuz obvs
they are
teh best...l33t
MJR_: this is
their "PR" from yesterday
MJR_: To give you an idea of how impressive
things were here are some numbers
that we would love
to share with you guys: -
The number of
trades executed
tripled in
the last 24hrs. -
The number of new account opened went from 60k for March alone
to 75k new account created for
the first few days of April! We now have roughly 20,000 new accounts created each day.
mircea_popescu: i like
that word, it clearly shows what's needed for making people smarter.
MJR_: ah, congrats
to him, i hope
gribble: BTCUSD
ticker | Best bid: 140.50125, Best ask: 141.57000, Bid-ask spread: 1.06875, Last
trade: 141.57000, 24 hour volume: 247211.87558680, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 174.53931
gribble: smickles was last seen in #bitcoin-assets 6 days, 18 hours, 38 minutes, and 36 seconds ago: <smickles> a bitcoin atm could be
the easiest way
to send money
to a friend, each of you just goes
to an atm
ezdiy: (its
the small print
that fraudulent costs are passed on you, since uh, its 3d and secure,
thus cant be stolen)
ezdiy: punkman:
thats what 3d-secure is for
punkman: or maybe
the merchant should fine Visa for letting
their cards get stolen
Namworld: It's
the easiest way
to
tax merchants on handling complaints.
mircea_popescu: "Police in New Jersey are on
the hunt for
the criminal behind
the
theft of $100,000 of hamburger patties"
ezdiy: ie you'll not survive
the outrageous fees (supposedly up
to $250) if you cant filter abuse
Namworld: Oh, from Visa's point of view, sure,
they should
Namworld: the merchant should get a huge fine IF it is found
they frauded someone.
ezdiy: they're
to motivate
to filter out fraudulent customers
mircea_popescu: if i ran visa everyone
to ever lose a card would be fined $500
Namworld: the merchant shouldn't get
the fine...
punkman: yes
the merchant gets a fine for each chargeback
ezdiy: punkman: sure
the chargeback dont get
through,
the fraud rate is like 0.1-3%
tops
ezdiy: punkman: we're
talking ultimate costs
Scrat: I had
to do
the PCI compliance
thing once, had
to
tick gems such as "- you regularly run antivirus scans on your servers"
punkman: which
they don't let
through
ezdiy: and
then you have guys like ccbill
mircea_popescu: "all you never cared
to know about idiotic
topic #345789348975 and
therefore you didn't ever ask"
punkman: you know what's a fun read,
those 500 page Visa PDFs explaining all you ever wanted
to know about credit cards
ezdiy: mircea_popescu: in average, its supposedly about 20% (cant find
the source atm, but i assume you'll get similiar number if you google hard)
mircea_popescu: there is no system in
this world with 20% chargeback rates. either you have a working system and chargebacks are a fraction of a percent
ezdiy: pizzaman1337: we're
talking btc/fiat exchanges
pizzaman1337: you don't have
to get fiat in between p2p exchanges - you could settle in btc
ezdiy: mircea_popescu: well, assuming
there is ripple for pp/cc
punkman: you can't have 20% chargeback rate,
they shut you down
ezdiy: and you have
to subsidize
that
ezdiy: simply, people being anonymous means
that 20% of
them will
turn out
to be scumbags
taub: maybe ripple can help in
this? getting money into
the exchanges
ezdiy: but might be worth
to some people
ezdiy: its 20%
tax on fiat in/out
ezdiy: you basically need some kind of "jew bankers", and assuming
the escrow fraud
to manipulate
the market
ezdiy: actually
there are sound proposal for
true p2p exchanges
gesell: yeah, gox should switch
to
the PGP protocol for all orders :)
gesell: mircea_popescu:
thanks for
the post. finally someone giving numbers
mircea_popescu: also i explained what it is and why it should be done, but
tards like
tux
think
tjhey know shit
mircea_popescu: well... mpex is
the only one doing
that, and i ain't jewish
Scrat: at least jew bankers know
to isolate
their website from
their
trading system
gesell: im sure he's going
to say something big any
time now ;)
taub: they dont know jack about anything, im
tired of
the ameteurish nature of all of
this :(
taub: gesell:
that is
their faulty engine design, and i predicted
this like
two weeks ago
mircea_popescu: he could in principle be
talking about
that or anything else.
mircea_popescu: in
the paralel if relative distant universe where
tux knows what he's
talking about
gesell: as i was saying yesterday, if each execution of an order requires gox
to recaculate a bunch of
things such as your current fee bracket, in addition
to properly matching,
then mangification at
the cpu level is possible. and another argument for
throttling oders per second per user until gox finds solutions
gesell: Do you suppose what MagicalTux is
talking about are all
the massive 0.01 orders?
gribble: BTCUSD
ticker | Best bid: 146.76500, Best ask: 148.00000, Bid-ask spread: 1.23500, Last
trade: 143.00000, 24 hour volume: 247104.13417462, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 175.50181
gribble: Error: Failure
to retrieve
ticker.
Try again later.
Scrat: [12:32] <bit14> @MagicalTux: wouldn't
the front end and execution engine be on different machines?