936800+ entries in 0.714s
taub: oh,
the 51% attack mh,
that's kinda iffy
taub: dont
think it will hurt in
the long run
splnkr_: but of course some of
them would love
to run a 51% attack
taub: if
there is
too much scamming going on
taub: so community will have
to learn
to be vigilant
splnkr_: my feeling is a large number of "unknown" miners are actually "white hats"
that just want
their BTC
to be 100% private so
they can use it without
the oversight of prying eyes
taub: mircea_popescu>
that is a lot more concerning
than any sort of crash
splnkr_: it seems
tough
to analyze
the amount of "black hat"
types here...
jborkl: ok, , I will go
to
the forum- shudders in disdain
jborkl: I have
to applaud mp for not being GLBSE and listing shitty products
pgp: I've got some
tullip bulbs for sale...
mircea_popescu: and it doesn't
take much
to puncture scammer "consensus".
jborkl: let me go
to otc for a minute
jborkl: Ok, I like pointing out scammers-
they are easy
to find
pgp: i agree, public perception matters more
than anything else
mircea_popescu: if scammers
take over btc...
there's no sort of future.
mircea_popescu: so yeah... i want
to ask everyone
to be as vocal as
time permits about what's what.
jborkl: Well,
that is
true - it almost happened before
pgp: this move up have been really stong, but
the ride WILL get bumpy
mircea_popescu: with a little bit of bad luck we might end up drowned
to
the point where scammer discourse becomes
the central discourse of btc
mircea_popescu: there's a huge influx of scammers looking
to fleece
them
mircea_popescu: jborkl
the main concern really is
that with
the inflow of new people drawn in by all
the media exposure
splnkr_: or is
there enough
trading in other currencies
that
the USD psychological sell ceiling won't have
that much of an impact?
jborkl: .Satoshi Dice is all good- people need
to remember
there have been many distractions
this month
gribble: BTCUSD
ticker | Best bid: 94.49990, Best ask: 94.50000, Bid-ask spread: 0.00010, Last
trade: 94.50000, 24 hour volume: 69356.59162769, 24 hour low: 86.63000, 24 hour high: 95.70000, 24 hour vwap: 90.48276
mircea_popescu: i'm like fucking sysyphus over here, gotta start over educating
the crowd
mircea_popescu: and new blood buys btc and
then goes and invests it in bitbillions and equivalents
mircea_popescu: Bugpowdeer well here's
the
thing : if old blood sells s.dice
to get btc
to sell for usd
to get a new car/house/gf
mircea_popescu: anyway,
there's like 1-2k more at 31, after which 0.001 ? 0.0008 ?
mircea_popescu: Bugpowdeer ya but conversely, it failed
to grow from 200k
to 200k.
pgp: gross it by 50% or so
then
Bugpowdeer: and betting volume has fallen from ~200,000BTC / mo
to ~200,000 BTC /mo
mircea_popescu: prolly should add
the dividends in
that calculation but im lazy
gribble: BTCUSD
ticker | Best bid: 94.03900, Best ask: 94.20000, Bid-ask spread: 0.16100, Last
trade: 94.20000, 24 hour volume: 69119.18421854, 24 hour low: 86.63000, 24 hour high: 95.70000, 24 hour vwap: 90.46821
mircea_popescu: pgp
the budding bitcoin entreprewhatevers still have much more basic issues, such as for instance dealing with
their daddy complexes
pgp: "note"
the following...
pgp: in any case, i
think
that all of
the young, budding, bitcoin entrepreneurs out
there should not
the following: if it's worth doing
then it's probably worth doing it well
pgp: Socrates would approve of
that statement - for sure...
mircea_popescu: "unskilled and unaware. how lacking metacognitive skills prevent internet
tards from realising just how stupid
they really are"
pgp: you can lead a horse
to water...
mircea_popescu: i mean...
there's a bridge and a hole and a line of people
pgp: haven't you heard?
there are no "grownups" over
there...
mircea_popescu: instead using
that as a nest egg
to compete in
the bitfinex/icbit scamspace ?
pgp: extending
their payables and using
the float
to stay alive...
mircea_popescu: so incidentally, cavirtex raised 5k btc on
theory
they will get regulated
pgp: If I had
to guess, I'd say
that coinbase is doing
the same
thing
that lots of struggling companies do - "vendor financing"
mircea_popescu: <pgp> my gut
tells me
that's
there's an "undisclosed problem" over at coinbase... << i read someone saying something similar iirc
Bugpowdeer: I guess
they haven't seen
the latest numbers
gribble: BTCUSD
ticker | Best bid: 93.87501, Best ask: 93.96999, Bid-ask spread: 0.09498, Last
trade: 93.96999, 24 hour volume: 68633.28583622, 24 hour low: 86.29010, 24 hour high: 95.70000, 24 hour vwap: 90.39382
pgp: time
to sell asicminer... while you can...
pgp: deadweasal: i've heard
that
they've cancelled
transactions a week after
the fact...
pgp: my guess is
that
they had some sort of immutable deadline
to hit with investors...
deadweasel: my concern with coinbase is
that
they clearly don't keep your btc in a 'wallet' of your own.
pgp: which is soooo bare bones
that it makes a concentration camp look like a country club...
pgp: btw -
the "grownups" over at
tradehill have yet
to offer anything more
than
their shockingly underwhelming alpha product...
gribble: BTCUSD
ticker | Best bid: 93.75570, Best ask: 93.96999, Bid-ask spread: 0.21429, Last
trade: 93.96999, 24 hour volume: 68563.92218634, 24 hour low: 86.13000, 24 hour high: 95.70000, 24 hour vwap: 90.32462
kakobrekla: i heard so much shit/bugs/lol regarding
them its not even funny
pgp: agreed... something shady going on
there...
pgp: no real fact
to back
that up - just a feeling...
kakobrekla: bitcoinstore went from like 20%
to 50% in a day or
two?
pgp: my gut
tells me
that's
there's an "undisclosed problem" over at coinbase...
kakobrekla: today is
the day of leveraged platforms
ThickAsThieves: been posting about btc on my facebook feed since $20, people wait
til $93
to ask
deadweasel: where is
the bitcointalk
thread about btcquick?
mircea_popescu: ya, my slavegirls for bitcoin auctions are at noon so all
the rich emirs are buying
their bitcoin early.
ThickAsThieves: The big gains in price seem
to be happening at morning it Romania, is it you mp? ;)
mircea_popescu: prolly people
too edgy
to hunker down for friday lockdown
mircea_popescu: i imagine most outstanding option interest will close
today actually
gribble: There are currently 34623114 bitcoins demanded at or over 0.0 USD, worth 9311886.37161 USD in
total. | Data vintage: 0.0202 seconds