931900+ entries in 0.659s
mircea_popescu: the longer chain was sunk by collusion between people.
this is hallmark centralisation.
mircea_popescu: Schadenfreude iof we believe
the frenchies (ie, no funds lost)
then
the brazil
thing is way weorse.
bgupta: (I agree with you
there)
bgupta: I supose it has it's bad and good. broken code got fixed… bad
that broken code existed for so long, even
though people knew about it
bgupta: eh,
they dodged a bullet, (IE: were lucky) and Bitcoin foundation chief made losing fork folks whole. And
they figured out how
to avoid issue in future.
mircea_popescu: claiming miners vote and
thus
there's legitimity, what's
that ?
mircea_popescu: take
the recent fork disaster. it being passed off as a great success, what's
that ?
bgupta: ah,
the english word I would use is delusionary.. delusive, is more like deceitful.
mircea_popescu: the newsfeed going down in all
this is cosmetic, what's
the value of it being up if gox lag is on
the 1.2AU level ?
mircea_popescu: it's a pointless dog
to chase atm, we have much bigger problems
bgupta: no better quote source
that's more stable?
bgupta: mircea_popescu: Do you find bitcoincharts down a lot or is
this unusal?
taub: so, maybe for mid
to longer
term speculation
taub: they are
too expensive, and orient
themselves on
the average price over
the last 24h
taub: and i dont
think
they can be used like
that right now
taub: i find short
term option plays difficult anyway
bgupta: timing kinda sucked
this AM
bgupta: (It kinda shuts down options
trading
to some extent)
gribble: BTCUSD
ticker | Best bid: 131.00000, Best ask: 131.05362, Bid-ask spread: 0.05362, Last
trade: 131.00000, 24 hour volume: 119771.38207326, 24 hour low: 103.75000, 24 hour high: 147.00000, 24 hour vwap: 120.69450
mjr_: which is usually
the bottleneck
mjr_: i meant use exchanges
to move from fiat
to btc
bgupta: (Assuming
there are profits of course)
mjr_: mircea_popescu: you were one of
the first
to offer financial company news over
twitter, lol SEC agrees
bgupta: I was actually wondering if it would work
to setup a subsidiary of a US company
to do
the
trading.. and report
the profits overseas in a low
tax environment.
bgupta: at least from my current reading of
the rules… staying in btc means
that I am not subject
to
taxes.
mjr_: AND...it is worth paying
taxes if
the money is right
bgupta: well as soon as I convert
to fiat, it's subject
to
trading
taxes.. and coinlab reports.
mjr_: and so far its been good
to me,
though YMMV
gribble: MtGox lag is 119.238373 seconds. During
this
time, light
travels 0.238952364433 AU. You could have sent a bitcoin between Earth and Venus at
their closest approach (0.254 AU).
mjr_: also, bitfloor is in
the US
bgupta: I don't plan
to use btc/fiat echanges any
time soon, at least not gox.. as I'm in US and
the whole rcoinlab
thing seems a shame
mjr_: yeah,
the bitcoin atm will prob do very well at extending
that
trend
ChaangNoi: a lotof btc
transactions happen outside of an exchange, ihave not use an exchange in well over a year (other
than btc-e for ltc)
mjr_: bugpowder would be happy with
those numbers
gribble: There are currently 41180994 bitcoins demanded at or over 0.0 USD, worth 10343612.1046 USD in
total. | Data vintage: 0.0109 seconds
mjr_: it looks like
there aer some big fish getting in
bgupta: I imagine
that folks
that need
to move large amounts don't use standard gox
mircea_popescu: <mircea_popescu>
the exchange market is roughly half
tho, otc is pretty big <<<
bgupta: for a site
that is prety broken..
bgupta: private
traders, sounds interesting..
bgupta: sure but
those are like gox +/- XX%, no?
TradeFortress: And
then
there's
the FastCash4Bitcoins and Bitcoins Direct
mircea_popescu: the exchange market is roughly half
tho, otc is pretty big
gribble: BTCUSD
ticker | Best bid: 128.93917, Best ask: 129.80000, Bid-ask spread: 0.86083, Last
trade: 128.93917, 24 hour volume: 119765.32170538, 24 hour low: 103.75000, 24 hour high: 147.00000, 24 hour vwap: 120.69408
bgupta: guessing we all still follow gox since
they are still
the biggest?
bgupta: what''s
the next biggest, or is it really ditributed?
bgupta: is
that where people in
this channel
trade?
TradeFortress: bgupta,
they have
the biggest orderbook iirc, but not
the only place obviously
bgupta: is mtgox
the main place
to do fiat/btc
trading? (I know
they have like 70% or something, but
they have wierd
transfer limits and stuff.
TradeFortress: you'd see all
the "LTC is faster!" guys complain
that
their
TX isn't making it into a block
bgupta: So is 147
the all
time and foreever new high for btc?
mjr_: i love
the new au feature of goxlag
bgupta: is lag a constant
thing?
ChaangNoi: 1/10 ltc only needs
to go up
to $13
bgupta: I
think
the point being
that if litecoin gets listed it will be in
the news
too
TradeFortress: people hear about bitcoin in
the news, not litecoin
mircea_popescu: <ChaangNoi> once gox lists it, it should
trade in
the 1/10th
to1/5th of btc price << eh get out.
dub: nmc does a lot more
than ltc
bgupta: next
they'll be doing devcoin
dub: I suggested
that maybe
the concentrate on supporting btc first
dub: check
topic in #mtgox
bgupta: ah which accounts for
the selloff
bgupta: I wish he would fix
the broken shit, before adding litecoin
ChaangNoi: he said he was not ready
to say when "soon" would be
bgupta: SOunded positive for it happening
though
ChaangNoi: once gox lists it, it should
trade in
the 1/10th
to1/5th of btc price
bgupta: well,
tux said it would be easy
to do, but didn't say he would.
bgupta: ltc spiked on mtgox rumors,
that's all I
think
ChaangNoi: i
think its just funny it went up like 10,000% in 2 months or so
mjr_: did
they close
the SA
thread?
gribble: There are currently 20939.625 bitcoins demanded at or over 100.0 USD, worth 2330617.2525 USD in
total. | Data vintage: 102.0011 seconds
gribble: There are currently 11975.009 bitcoins offered at or under 150.0 USD, worth 1746325.8334 USD in
total. | Data vintage: 100.2402 seconds
gribble: MtGox lag is 76.788317 seconds. During
this
time, light
travels 0.153882927503 AU. You could have sent a bitcoin
ten
times between Jupiter and Callisto (0.12567 AU).
gribble: BTCUSD
ticker | Best bid: 132.10000, Best ask: 132.80000, Bid-ask spread: 0.70000, Last
trade: 132.80000, 24 hour volume: 113914.00406253, 24 hour low: 103.59000, 24 hour high: 147.00000, 24 hour vwap: 119.79724