log☇︎
931200+ entries in 0.585s
pgp: not a lot of depth to that book, eh?
pgp: not that much coin on either side for 10 points...
gribble: Error: Failure to retrieve ticker. Try again later.
jborkl: satoshidice already up 1000 bitcoins this month
gribble: Error: Failure to retrieve ticker. Try again later.
pgp: better to just hold the damn coins
mircea_popescu: i'd say it depends on what they do with bets.
dub: Im thinking slim to no fucking way
jcpham: and are there 8 bitcoins to a bytecoin
dub: whats the chance of dice going back over IPO price?
jcpham: what the crap is a bytecoin
mircea_popescu: other ppl noticed too
mircea_popescu: dub i was looking at the luke ones
[\\\]: mircea_popescu: you weren't supposed to notice
dub: are there more pics or just the luke-jr fakes?
mircea_popescu: they demo'd a box of fans and then their board is passive cooled ?!
mircea_popescu: dude... where's the fans ?!
mircea_popescu: so im looking at the bfl asic and all i can think of is
pgp: reagrding his 3rd point... aren't there plans to possibly prune the blockchain?
jcpham: last paragraph: Conclusion. With all that said, I think there’s a good chance that Bitcoins will continue to appreciate. I still have the majority of the Bitcoins I bought in early 2012 and I plan to hold onto them for a while to see what happens.
jcpham: ok so the link, the name of the article is "4 reasons you shouldn't buy bitcoins"
[\\\]: hold its head under the water long enough, it'll drink
[\\\]: either willingly or once it passes the hell out
pgp: you can lead a horse to water
jcpham: there was an article from this week where Mark basically says mtgox wants coinlab to handle the US, they don't want to fool with anything in the US
pgp: i've met with him several times...
[\\\]: and mtgox will be the btc exchanger
mircea_popescu: but he has the geek disease.
mircea_popescu: the kid is talented, granted.
[\\\]: coinlabs is attempting to be the USD exchanger
pgp: bitfloor is a good tech all around, but one man show is a problem
[\\\]: so then to indicate what they are doing is a bit premature
mircea_popescu: i don't think you do.
jcpham: dub i think everything is the answer
dub: I realise this
[\\\]: they aren't doing anything at the moment
jcpham: there's always bitfloor. you can sell coins for anything over there
mircea_popescu: <pgp> it's the color of money << i like this one.
jcpham: once your new overlords tell you what you can ant do, everything will be fine
pgp: so far coinlab is all talk
jcpham: thank god for coinlab amirite trollface
[\\\]: jcpham, that ain't soap
pgp: it's the color of money
pgp: I think less
mircea_popescu: which turns out to be critical when idiocy like the recent bubble strikes.
mircea_popescu: the fact they suck creates a lot of friction, which insulates us
mircea_popescu: but anyway : i will dare say that a functioning exchange would be a serious problem at this point.
mircea_popescu: jcpham because he helps bitcoin be more like the shithole he lives in
dub: mircea_popescu: it helps me breath up all the white mans air
jcpham: luke-jr i want to defend you on the forums sometimes
mircea_popescu: dub that's only because your nose is too big.
Luke-Jr: if they've put the effort into faking it, I'll be pretty pissed at having to write new drivers
jcpham: i can't come up with this gold
dub: not that I have a problem with that in reference to MPEX, you don't want those 80% but an alt gox needs critical mass
jcpham: it must be true
Luke-Jr: jcpham: love your trolling, claiming my ASIC is fake
jcpham: i think he referring to someone
dub: mircea_popescu: it would take a gyppo with PR that doesnt alienate 80% of potential custies
jcpham: bfl shipping delayed: out of box tape
jcpham: i heard about that
jcpham: posting fake asic pics on the internets
dub: all it takes is someone that isnt a) an existing scammer b) from russia to create an alternative
jcpham: what's the best drama
jcpham: i'm sure i can just pick some thing
mircea_popescu: yes. to bitfinex.
bgupta: so trades appear to slowly be going through, just websockets are down
dub: mircea_popescu: they will move if they can never access gox again
mircea_popescu: they will do things like lend on forum. who cares ?
jborkl: the best exchange is in the us actually- imo
pgp: anybody have any insight to the coinlab terms?
dub: hopefully they stay dossed long enough for a real exchange to open
mircea_popescu: PEOPLE STILL USE THEM.
dub: and in bitcoin that is the best place to feed
mircea_popescu: dub if they still have it.
dub: thats hardly a burden, they hold btc unitl court ruling
jborkl: oh yeah, I forgot they still have those
mircea_popescu: whereby they have a bunch of bitcoinica funds which two parties are disputing in nz and ca
mircea_popescu: currently they're also involved into a mess not of their making
jborkl: hen I signed up(right after the hack) they gave me a free yubikey- free shipping
pgp: accross the uruls on camelback?
mircea_popescu: got shut down the next day
dub: you missed tux being a pompus bag of dicks
mircea_popescu: they offered the theory that they don't need licensing because bitcoin
mircea_popescu: taub had a bank account in france, french authority investigated them
taub: more on that EU escape story?
mircea_popescu: but they only have for two months, give or take.
mircea_popescu: then the high prices high volumes hit, now they're making enough to be an actual business.
mircea_popescu: they were marginally profitable once btc went over 10 again, but barely enough to dig investors out of their equity hole
mircea_popescu: plus making a narrow escape from the EU for not having banking licenses)
mircea_popescu: this put him in the red all through 2012 (plus some hacks and other unsavory shit, plus taking over hacked stuff like a polish exchange
mircea_popescu: used this to get offices, hire some employees, get some real servers, etc.
mircea_popescu: tux then got outside investors for ~1.5mn
mircea_popescu: tux then proceeded to get hacked, which may or may not have been the fake account they used to house trade, but anyway btc got sold down to 0
mircea_popescu: tux proceeded to get hacked, lose the entire email base, to this day these emails are spammed.
mircea_popescu: was basically given away to tux because of legal concerns.
mircea_popescu: started about a year after btc as an outgrowth of a game cards trading thing owned by the guy now doing ripple.
mircea_popescu: history of mtgox for the more recent bitcoin ppl :
jborkl: no, it made them a massive target
pgp: I see - success basically caught these guys with their pants down
mircea_popescu: pgp you understand only recently they had any money ?