927600+ entries in 0.653s
mircea_popescu: <BitHub> but no pop <<
that's because it's not a cherry.
jurov: but he asked how. or is
there a fool who wants
to lend him btc?
Diablo-D3: the bobble needs
to pop before we can build a new stable floor
gesell: jurov: support him. get him worked up about it.
tell him "go for it! yeeeeah"
Diablo-D3: wait until
the bubble pops and
then buy in
jurov: but i'd really love
to screw him
Diablo-D3: basically what
ThickAsThieves said
jurov: but he wanted somehow
to do it without buying
them at all
mircea_popescu: jurov i am sorry we don't process fairy bitcoins
today
Diablo-D3: jurov: you can only sell
the ones you have
jurov: he was introduced
to
them just some month ago. but he knows for sure
this is a bubble
ThickAsThieves: none of
the 3 have anyone
to answer
to, except maybe BFL
mircea_popescu: people were incensed at my suggestion
that users reporting dusted units delivered = premining with
them
ThickAsThieves: and BFL not shipping at all
til diff gets high enough for it
to
tip profit scale
mircea_popescu: ThickAsThieves
there was a dispute a few weeks ago about
that
ThickAsThieves: and Avalon not shipping
their unit
til after
they mine with
them a few weeks
ThickAsThieves: at least 1 or 2 of Avalon/BFL/AM are mining on
the side
gribble: Next difficulty estimate | 8931575.85222 based on data since last change | 8537297.41708 based on data for last
three days
mircea_popescu: i guerss
that clearly shows how much faith in
the bfl chip
there is.
ThickAsThieves: i'm surprised people arent accusing BFL of mining with
theri chips instead of shipping
mircea_popescu: this is interesting. 500:1 implicit odds
that bfl stops refunds.
gribble: BTCUSD
ticker | Best bid: 182.04000, Best ask: 182.45899, Bid-ask spread: 0.41899, Last
trade: 182.04000, 24 hour volume: 88143.75258705, 24 hour low: 148.01000, 24 hour high: 186.50000, 24 hour vwap: 165.56880
gribble: smickles was last seen in #bitcoin-assets 3 days, 18 hours, 56 minutes, and 15 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
MJR_: cherry blossoms will be blooming soon...its one of my favorite
times
to enjoy nature
MJR_: those
two and gardenia
MJR_: guess it's not, i love
those scents
though
MJR_: is hyacith
the same as honeysuckle?
gribble: BTCUSD
ticker | Best bid: 180.37700, Best ask: 182.70000, Bid-ask spread: 2.32300, Last
trade: 180.00001, 24 hour volume: 85165.12407777, 24 hour low: 147.62000, 24 hour high: 186.50000, 24 hour vwap: 164.94921
BitHub: cause my friend knows i'm into bitcoin and
that
BitHub: trying
to get him
to ask
the guy
to
take a picture and send it
BitHub: sorry i know i usually
troll but im very serious about
this one
mircea_popescu: it will make
the ltc bubble burst a lot more digestible.
punkman: I like
that a new altcoin is popping up every other week now
punkman: LTC is interesting, but it just
took off on
the back of BTC now
BitHub: hes off
to bed but
they're calling me
tomorrow night
BitHub: i wasn't
talking
to him directly, my friend was
talking
to him for me heh
MJR_: hmmm...did
this one have fans?
BitHub: i was just
talking
to some guy on
the phone
MJR_: yes,
true, and
there will be another wave of hardware
that makes current asics look like old fpga's...
BitHub: apparently bfl delivered
to someone in australia?
mircea_popescu: at
the current price
there;'s a fat paycheck
to be eaten
there.
MJR_: mircea_popescu: yeah, i like
the business model, i'm working on an fpga design
that should be more efficient, and can
then do an avalon style chip maybe...as far as i have seen,
the designs work, but
that doesn't mean
they are nearly on
the level
they could be
bgupta: I've heard of some of
the example's like metal content exceeding face value and no matter what gov't laws go into place
they will get scrapped.
punkman: I know just enough
to know I don't know shit
mircea_popescu: the main concern is
they made a really shitty set of chips which keep blowing up under load, after 100 hours or w/e, and are currently halfway
through batch
two because of
this.
MJR_: mircea_popescu: i'm working on a blog... plan on juxtaposing
the
tower of babel with bitcoin...money as speech etc
MJR_: learning about
the system of
the world
MJR_: hehehe,
that is part of
the fun of bitcoins
MJR_: mircea_popescu: what do you
think of asicminer?
MJR_: i literally almost didn't mention it
this
time, because i figured everyone would be like "oh no, not gresham's law again, we all know asshole"
mircea_popescu: see punkman,
THIS is why. because people miss a spot shaving. it happens. it's what it is.
bgupta: was
trying
to figure out how
to
transfer most of my savings into btc (as SoV).. but decided if I just wait a few years, most of my assets will be in btc if I do nothing. (Not sure if
that was clear)
mircea_popescu: i submit
the 3-6april 4 day interval qwould have killed a ponzi.
bgupta: SO what is
the difference between a violent upward correction and a bubble/ponzi?
ThickAsThieves: plenty of conversations in here can be a real chore
to witness
mircea_popescu: repeat history 101 and economics 101
tioll our heads fall off
punkman: this is more directed
to all
the idiots writing about bitcoin, not
ThickAsThieves
mircea_popescu: we're roughly in
the situation where we're flooded with noobs. what's
to do ;/
punkman: mircea_popescu: of course, but how many
times do we have
to compare something
to gold and fiat and whatnot
ThickAsThieves: there are roughly 37% less bitcoins for sale
today
than last week
mircea_popescu: punkman ya well... without words
there's what ? faith ?
gribble: There are currently 37404.385 bitcoins offered at or under 999999999.0 USD, worth 3021267941.74 USD in
total. | Data vintage: 0.0018 seconds
punkman: all
the analogies and metaphors are slightly
tiring
MJR_: ThickAsThieves: ^^
THIS
ThickAsThieves: its gold with all of
the conveniences of e-transacting
MJR_: well
that was my biggest point about a magic money machine, i would gladly
throw all of my paychecks into btc and hold
them, if i could spend
them freely without worrying about ACH
transfer
times, etc
bgupta: and biggest slice at
the
time of writing was SoV?
bgupta: (Making sure I am
taking away
the correct message from post)
bgupta: so I guess
the arguement is it can exist largely as an SoV?, as long as it's
tradable into fiat, and other goods services?
MJR_: japan makes it super easy
to see what happens...yen multi-year low, nikkei up 2%
mircea_popescu: meanwhile i would say
the small
things lost share and
the larger
things gained.
mircea_popescu: bgupta ya but seriously,
the press is horrible for information.
gribble: There are currently 31401663 bitcoins demanded at or over 0.0 USD, worth 11542581.0758 USD in
total. | Data vintage: 0.0106 seconds
mircea_popescu: bitcoin economy is not worth x because
total aggregate btc "would be".
mircea_popescu: anyway,
the confusion between "fiat value of M3" amnd "economy" is grave.
bgupta: mircea_popescu: actually because it is mentioned quite a bit in press.. being more informed, what is
the majority of
the goods and services being exchanged via btc?
MJR_: yes, but
those numbers were not from a 2 billion dollar economy...they were from a <1 billion economy
gribble: There are currently 9568.7331 bitcoins offered at or under 200.0 USD, worth 1852022.32504 USD in
total. | Data vintage: 38.8006 seconds
gribble: There are currently 3370.0377 bitcoins offered at or under 190.0 USD, worth 635943.092935 USD in
total. | Data vintage: 20.7609 seconds
gribble: There are currently 3867.5297 bitcoins demanded at or over 170.0 USD, worth 680880.802151 USD in
total. | Data vintage: 7.4171 seconds
gribble: There are currently 1773.1748 bitcoins demanded at or over 177.0 USD, worth 319289.445178 USD in
total. | Data vintage: 0.0053 seconds
troc: in
the context of a '2 billion' market cap ?
MJR_: we will need services like
that until bitcoin gets big enough
to basically float its own supply chain