log☇︎
924900+ entries in 0.641s
Scrat: [12:31] <bit14> @MagicalTux: why exactly would a ddos affect the matching and execution engine?
mircea_popescu: well that's always the case neh ?
Namworld: Too bad the free BTC was only a fraction of my portfolio
Namworld: I was just in time.
Namworld: Soon after the crash occured.
Namworld: I withdrew funds available on the various exchanges, sent to gox and sold
Namworld: I was looking at price and the 2011 looked like such a small bump... I thought, I've got to take some money there
kakobrekla: so in 2015 to excpect about 200 to 2000 bubble?
Namworld: The price rise is almost vertical over a few weeks and totally dwarfs 2011's bubble
Namworld: I took a screenshot of clarkmoody at the peak
Namworld: mircea, I got my trades throught at 230-250 already
ZedsterX: Scrat: TMI
mircea_popescu: this promises to be a bumpy weekend.
mircea_popescu: okay, everyone get your trades through if you were contemplating anything
mircea_popescu: i doubt they've crashed. i think they got a taste of 200mbps
mircea_popescu: mkay this is a significant increase in ddos.
bgupta: ok they should do this more often.. I'd be able to get more work done ;)
Scrat: right now it's 4 hours after the press release
kakobrekla: maybe they were including goxlag or smth into dat
ZedsterX: no problem after yesterdays crash i can't afford to read your articles :)
Scrat: kakobrekla: he said in the next 12 to 24 hours
mircea_popescu: ZedsterX gah looking into this
gribble: Error: Problem retrieving gox lag. Try again later.
kakobrekla: gox said they were going down
Scrat: bgupta: i did, i replied to the forum post
gribble: BTCUSD ticker | Best bid: 163.00001, Best ask: 163.38999, Bid-ask spread: 0.38998, Last trade: 163.00000, 24 hour volume: 244646.64497220, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 177.15869
bgupta: they basically said "yay the market crashed because our systems couldn't keep up with demand! we rock!!"
mircea_popescu: bgupta honesty apparently means different things to different people.
bgupta: As far as I know that guy is doing something else now. (Sold the exchange)
punkman: I should sent them a few boxes via freight
punkman: do they still take Magic cards?
bgupta: they were honest.. but I was like "you are celebrating this".. mmm guess they made a ton of commissions so they were in the mood to celebrate?
mircea_popescu: bgupta they have been pulling that deluded crap pretty much as their signature since 2011.
bgupta: so curious.. what kind of crack pipe are the gox ks smoking if they think that it's a sign of success that their shitty trading system caused a flashcrash?
gribble: MtGox lag is 0.545224 seconds. During this time, light travels 0.00109262279137 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
mod6: Santelli interviewed the BTC ATM guy a week or so ago. That was kinda neat.
mod6: Maria: "... But Bill, where's the money!"
mod6: they talk about it here on CNBC @ ~4:00 => http://video.cnbc.com/gallery/?play=1&video=3000160452
gesell: every time i refresh http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png i get a different image and sccale
MJR_: speaks to the fact that this is here
MJR_: i mean, i think the fact that we bounce back after a 3x (by price) bigger drop than the 2011 crash
mircea_popescu: i mean... people see it "bust" and still worth more than the dollar.
benkay_: mircea_popescu, even my hairdresser understands that a deflationary currency is worth more tomorrow
MJR_: by the way, did anyone see CNBC "MARKET WATCH: Bitcoin Bubble Burst?"
MJR_: i think they accomplished their goal already
KRS1: i would have been able to retire
KRS1: i cant even begin to count all the coins i sold for dimes
KRS1: i've tried that..bitcoins from heaven does not come
mircea_popescu: this somehow is disproportionate to the attention, almost as if the less skin in the game, the more theorizing etc.
MJR_: they need to say the name 3 times in a dark room into a mirror
gribble: BTCUSD ticker | Best bid: 167.00000, Best ask: 167.01000, Bid-ask spread: 0.01000, Last trade: 167.00000, 24 hour volume: 190512.24561499, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 184.31487
mircea_popescu: for 99% of people involved, their involvement is less than a decent meal.
mircea_popescu: but the thing is, to 99.99% of people "involved, their involvement is just saying the name
KRS1: im always worried about the network unable to facilitate transactions
Scrat: we are the 1%
MJR_: well the cream rises to the top
KRS1: will the network keep up?
benkay_: isn't that the future of the currency distribution anyways? lots of people holding tiny amounts?
KRS1: that graph looks like the price will drop
mircea_popescu: the resulting noise from all this amplification...
mircea_popescu: for every person with 1 btc or less there's 1k+ people with a bunch of social media accounts.
mircea_popescu: benkay_ for every person that matters there's 1k+ people with a btc or less.
benkay_: call me if we're ever down week over week; whichever cryptocurrency is popular at the time might actually have hit a steady-state value at that point
gribble: Next difficulty estimate | 9136646.06287 based on data since last change | 9622630.79435 based on data for last three days
mod6: haha. true MJR_
MJR_: people would have been thrilled to hear we would be at 160
MJR_: i think 2 weeks ago?
MJR_: it is so funny how expectations change the story
mircea_popescu: https://bitcointalk.org/index.php?topic=172471.0 this is fulla win. usagi is taking over something or the other.
mircea_popescu: it'd depend what calls they bought.
bowjob: so people who bought calls got burned this time
gribble: BTCUSD ticker | Best bid: 155.10300, Best ask: 155.99999, Bid-ask spread: 0.89699, Last trade: 156.00000, 24 hour volume: 188103.95597068, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 185.00224
gribble: BTCCAD ticker | Best bid: 158.41987, Best ask: 165.39963, Bid-ask spread: 6.97976, Last trade: 163.21575, 24 hour volume: 701.68925062, 24 hour low: 106.20810, 24 hour high: 270.77398, 24 hour vwap: 198.09981
pizzaman1337: look like they're only returning EUR and USD for currencies now, maybe that'll ease their load: http://bitcoincharts.com/markets/currencies/
mircea_popescu: gesell the 24hprc is from bitcoincharts yesd
mircea_popescu: well often-ish, but trying to also not kill the service
gribble: MtGox lag is 20.926272 seconds. During this time, light travels 0.0419360147858 AU. You could have sent a bitcoin ten times between Earth and Moon (0.0257 AU).
pizzaman1337: how often does it retry if it fails to get a response?
mircea_popescu: well it has to get an answer when it asks sorta thing
pizzaman1337: oh hey, mpexbot lives too
gribble: MtGox lag is 2.21016 seconds. During this time, light travels 0.00442913589382 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
MJR_: unfortunately, i can't get it to work over ssl
MJR_: i am the happiest guy in the world
MJR_: i finally got socket.io to work with java
mod6: thank dog, the mpoe bot is back
asciilifeform: mircea_popescu: that's the kind of thing I mean by "X can also have problems."
mircea_popescu: so they finally got her.
naemsi: MJR_: thanks
naemsi: benkay_: wow, that's weak. It allowed me to create a non-alphanumeric username but won't allow me to log in with it. :/
ThickAsThieves: so many of these gox trades are silly little bot amount
gribble: BTCUSD ticker | Best bid: 151.26402, Best ask: 152.00000, Bid-ask spread: 0.73598, Last trade: 152.00000, 24 hour volume: 182131.60623678, 24 hour low: 105.00000, 24 hour high: 266.00000, 24 hour vwap: 186.21706
benkay_: i'm trying them out
burnside: gonna be traveling for the next week or so. any inquiries PM me on the forums or send a support request via btct.co.
bVector: thestringpuller: icbit has been up throughout the day, no downtime noted
benkay_: holding trading, that is
benkay_: what's the rationale behind that?
ThickAsThieves: i know wall st does that, but do currency exchanges do that?
thestringpuller: VWAP is still in the 180's
thestringpuller: a traditional market would have shut off completely
ThickAsThieves: many didnt have a chance to sell off earlier