log☇︎
933600+ entries in 0.641s
mircea_popescu: yes but as we get into the hundreds we're markedly less decentralised than visa.
kakobrekla: blockchain to big
mircea_popescu: it seems this is rapidly becoming bitcoin's chief point of failure.
mircea_popescu: at the rate nodes have been decreasing (60k two years ago, 30k a year ago, 10k recently, <1k by now)
gribble: BTCUSD ticker | Best bid: 102.21741, Best ask: 102.54042, Bid-ask spread: 0.32301, Last trade: 102.21740, 24 hour volume: 79604.66694827, 24 hour low: 91.00000, 24 hour high: 105.99000, 24 hour vwap: 98.01342
Bugpowdurr: seems like too round a number
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO) {short: !t}
mod6: hmm only 500 nodes connected today?
Bugpowdurr: I don't think we are gonna see $110 today.
Bugpowdurr: if you did something very bad they can roll you up to adult for criminal prosecution
Bugpowdurr: default is tried as a juviy at 18
jborkl: well, taxes not 100% sure- you can be tried as a adult at 17
jborkl: 17 you are a adult in the US, pretty sure
Bugpowdurr: iirc if you are claimed as a dependent, you cannot take your personal exemption, but your income is still taxed as your own income. But there may be multiple ways to skin that cat.
smickles: Bugpowdurr: i learned personal income tax in 2009, so it may have been different
Bugpowdurr: 18 year olds usually don't have much gross income though
Bugpowdurr: same tax rates apply
smickles: thestringpuller: they do have to pay taxes
thestringpuller: that is if they are enrolled
thestringpuller: they don't have to legally pay taxes non?
thestringpuller: i would think kids would have an easier time with "no regulation" if they came into bitcoin wealth
smickles: so they just don't do business with them, often times
ThickAsThieves: surprised this made it onto the Verge, looks like they're becoming btc fans... http://www.theverge.com/2013/3/31/4168542/listen-to-bitcoin-in-real-time
thestringpuller: as smickles could attest to
mircea_popescu: a that's a thought.
mircea_popescu: well how ? they get registered with mtgox ?
thestringpuller: that sounds like a good business right there, btc for children
mircea_popescu: yeah, brcause of all the "protective" regulation
Bugpowdurr: plus the rising price
Bugpowdurr: I don't think so, I think he is just trying to make a profit
thestringpuller: Bugpowdurr: I suspect he is dealing coins at school << so he is dealing them for drugs?
kakobrekla: now they deal coins
Bugpowdurr: I think I get most of the business in my area
thestringpuller: Bitcoin might start supporting a legit economy soon at these prices...
TomServo: Bugpowdurr: what's the interest level like?
Bugpowdurr: 3% over market yesterday, is 10% under market today
benkay: mircea_popescu: i never see advertisements for less than 7% above mkt
thestringpuller: microhxo: I just don't want anyone who needs coin to have to miss out on trades because services are down
mircea_popescu: havwe them go to sell ? buy btc
microhxo: thanks though.
microhxo: thestringpuller: Not right now. Im only testing bitcoins. Dont want to put a lot in yet.
mircea_popescu: TomServo they should hire a dozen strippers in the main towns at 100 an hour or whatever
mircea_popescu: benkay not really. if you're on otc it's pretty much max trust insta speed best price.
benkay: the triangle is trust, speed, price
microhxo: just seemed the most convenient
benkay: took 3 hours to get my friends coins out of there
microhxo: well, im already .5 btc into coin base so once I get that I can transfer to another service.
kakobrekla: 15:13.32 ( KRS1 ) wtf <kakobrekla> yes sell all btc asap < trolling the ltc king
microhxo: so he is "in the game"
mircea_popescu: microhxo coinbase takes about a month or some shit.
thestringpuller: microhxo: is that doable?
thestringpuller: but I will only take moneypaks
microhxo: as long as he can get in today
microhxo: How long from start to finish to buy a bitcoin?
benkay: microhxo it can be slow to get money in but people love it
Bugpowdurr: just focus on the total $ demanded. That represents actual funded bids on gox.
thestringpuller: oh total $ demanded
Bugpowdurr: the total $ demanded is
Lyspooner: i demand that many bitcoins for .00001 USD
saulimus: some won't buy if it doesn't come down to $2...
mircea_popescu: well im guessing some of the bids won't get filled.
thestringpuller: So the price has to go up...
thestringpuller: There are currently 51593462 bitcoins demanded <- More bitcoins are demanded than will ever exist, thus circulation?
mircea_popescu: (if localbitcoins had any clue they'd do that)
deadweasel: or keep hammering coinbase, they have a rolling 24 hr limit which could reset at any moment. You can check them hourly and try to buy... but that is just lame.
mircea_popescu: or that yea
mircea_popescu: yeah, in the us you're probably stuck with mtgox
mircea_popescu: mtgox takes pp ?!
microhxo: Also I can only pay with paypal on that. No way am i giving bank acct info out. And i know no one wants to accept paypal because its reversible.
mircea_popescu: it may be, at least to begin with.
Bugpowdurr: 110 could be in play today
mircea_popescu: it has a number of advantages but takes a little work.
mircea_popescu: (web of trust)
mircea_popescu: microhxo yes, otc stands for over the counter. there's this system of trading btc with other parties, based on the wot
gribble: There are currently 51593462 bitcoins demanded at or over 0.0 USD, worth 10104543.0415 USD in total. | Data vintage: 0.0097 seconds
Bugpowdurr: The 10% of capital in calls and the rest in cold storage plan is working well.
mircea_popescu: microhxo USA is a little iffy, might want to give otc a try tho
microhxo: what is the goto site to buy bitcoins?
smickles: or just one of their players?
thestringpuller: when the companies buy coins
thestringpuller: that way they never lose money
microhxo: coinbase worked fine for me, was quick too but my friend wants to buy some and it says they dont have any more coins atm.
ThickAsThieves: mp, i was only joking on that link because while you dont care about the knitting circle, you are indeed looking for press nonetheless right?
thestringpuller: Bugpowdurr: being a bio man, I would think you would program elaborate trading bots...
ThickAsThieves: smickles, i just searched for the last time you made the command :)
thestringpuller: I know you hate them.
deadweasel: I'll defer to others on that microhxo.. I haven't bought in a while. Try getting verified on btcquick.com
DeaDTerra: Starcraft two tournament with Bitcoin prize pool starts in 42 Minutes.
microhxo: Anyone having trouble with coinbase?
mircea_popescu: ThickAsThieves yeah, i care deeply about the knitting circle.
ThickAsThieves: almost had an interview set up for ya, but they said your diff futures made no sense and lol'd me away
ThickAsThieves: i tried emailing them for you MP, I did!
jborkl: and you have to remember, for every seller of SDICE- there is a buyer on the other side
smickles: Bugpowdurr: there is more too the calc for the number of puts than just strike/spot !
Troic: '(and this will be more relevant due to other developments we have in mind...).' is suppose 'in mind' is not in the works
jborkl: I would imagine it has to do with return bet amounts and compression/reducing bloat
ZedsterX: he has been talking new interface for 2 months
Troic: any body have any clues/ideas on the further development that EV was hinting about ?
ZedsterX: i thought most ppl in the this game were better than that and i don't know squat