937000+ entries in 0.706s
bgupta: btc
trades like a commodity/currency/equity
bgupta: Don't
think it will ever get
there..
bgupta: WEll, if one can buy a house with 1BTC, I'd imagine it would be an unwieldy unit of
transaction.
bgupta: so any quesses when we are gonna switch
to
talking in mBTC?
Chaang-Noi: i dont
think we will hit 100 before i have
to go out in a few hours
gribble: There are currently 3068.6381 bitcoins offered at or under 96.0 USD, worth 293644.877472 USD in
total. | Data vintage: 0.0013 seconds
Chaang-Noi: we will correct sooner or later, we are correcting up now, we were way undervalued for so long, we will shoot
too high and go back down, level and shooot up again
bgupta: you really need 10000+ btc
today
to have any say
tomorrow, and bear in mind at some point a continuing major rise of
the btc value versus fiat (which is not a given) would have
to have an impact of
the buying power of
the fiat currencies.
toffoo: if we're fast with
this "bitcoin crosses $1bn" headline
thru
the
tech news cycle before
the weekend we could blow
thru $100 no problemo
Bowjob: id get a diminishing return, but if
the value of btc goes up, i'll be living comfortably
Bowjob: starting with 1 avalon,
then gen 2, ect
Bowjob: if I can, id
try
to set up a mining ops
toffoo: not until you sell
them right?
Bowjob: theres
taxes
too i guess
Chaang-Noi: hell my uncle has a car worth
that... he is not a king
Bowjob: btc can go way more
than 10k
Chaang-Noi: oh, well 20 btc at $10,000 each is only half a house in
the usa...
Bowjob: we're pretty much
the new banking overlords
Bowjob: in relation
to
the rest of
the world
Bowjob: well how many users have more
than 100 BTC
toffoo: but
thru dumb luck or being lucky dumb i wound up having more
than i ordinarily would have
toffoo: prolly not as large as i'd like
to
toffoo: fellow AM shareholders, I have a feeling we'll be reuniting on yachts
together some day
toffoo: prolly won't have any
trouble selling a few for RMB in
this market right now either
Chaang-Noi: anyone going
to celebrate 100? or
the fact we went over 1billion market cap?
Chaang-Noi: atleast he has pil;es of btc now
to get shit done
Chaang-Noi: toffoo
then it is what i
thought, if
ture,
they are remodeling
the new data center
pigeons: wow i have everyone in
that
thread ignored
pigeons: bgupta: i
think
the innovation is
the "rippling" of
these ious across
trust paths,
bgupta: So would it be fair
to say
that Ripple is like
the US checking system, but instead of banks and
the government backing it, it is all WoT based?
gribble: There are currently 11188.557 bitcoins offered at or under 99.999 USD, worth 1095083.52263 USD in
total. | Data vintage: 0.0016 seconds
Chaang-Noi: mp ithe 200
th should arive in 3 months, will
take
the same
time as
the first
two orders
Bowjob: if
that shit
turned out
to be real, i'd pay hungary a visit
Bowjob: i was disappointed with PrimeASic
too
Chaang-Noi: toffoo
thanks for
the e-mail, let me know what he says if he does :/
mircea_popescu: BTW, I am not an electrical engineer so give me a break on
that. I am CEO."
mircea_popescu: "We have
to keep our Intellectual Property protected and abide by NDA we have signed with chip manufactures so please understand
that
there are some
things
that I can't divulge, but I will
try my best
to answer any questions
that you may have.
Bowjob: its on
the mining forum lol
pigeons: bgupta: yes but when bitcoin people currently
talk about ripple
they presently usually mean jed's opencoin inc implementation at ripple.com
pigeons: mircea_popescu:
they have strategy and capital, wether
the strategy is any good remains
to be seen
pigeons: jed mcaleb who started mtgox started a company
to buy ripple from ryan
pigeons: bgupta: ryan fugger started
the ripple concept in 2006 i
think
pigeons: main reason is client software is buggy beta,
trust of potential users is low so far, server software is in flux, protocol changes so no server source yet except for partners so no decentralization yet
mircea_popescu: there's some strength in
the otc market, and
they're doing
things mostly pen on paper.
pigeons: mircea_popescu: oh i see you were asking why ripple's decentralized
trading hasnt replaced centralised exchanges like mtgox
bgupta: well not your
twitter post but
the
total value.
pigeons: mircea_popescu: you cant know from looking at a ripple address
that
the btc or fiat balances are markers for funds at
the liquidity pools behind
the exchanges, or if
they are worthless ious unless you are in
the pools
mircea_popescu: it's not exactly an altcoin
tho. it's a sort of - as best i can determine - blockchain-y iou management system
bgupta: something
to pay attention
to?
bgupta: haven't followed ripple
too closely yet..
pigeons: cause its beta and
there are bugs but it is
mircea_popescu: NEVER a better opportunity could have come
their way,
this is what ripple is for right ? why's it not doing it!
mircea_popescu: pigeons by
the way, i wish
to know why isn't ripple whipping
the otc btc/usd
traders into a huge behemoth of fury
that wrests currency exchange from mtgox ?
pigeons: the only
thing more boring
than listening
to how great mp is, is listening
to how bad he is
pigeons: yeah i
think we've all heard
that
tiberiusiv
pigeons: mircea_popescu:
talking
to
tiberiusiv, maybe you have him on ignore, i was considering it
bgupta: tiberiusiv: sigh.. wtf are you
talking about.. you just jumped into a convo..
bgupta: well
technically I don't
think burnside deals in USD? Why would he have
to?
bgupta: Belize is on of
those "Offshore Banking" countries
that doesn't really deal well with
the US
bgupta: Assuming he did his homework
there.
Namworld: Ah yes, burnside doesn't
touch fiat.
Namworld: yeah, he
took another approach. Ukto is in
the USA
tho I believe.
mircea_popescu: Namworld you're confusing
things
tho. burnside isn't
touching fiat afaik.
Namworld: Ask Ukto or Burnside, both in
the USA
bgupta: I'm concerned about an USA based btc business
that exchanges fiat for btc..
Namworld: And according
to lawyers
that were consulted,
there's not much yet...
bgupta: "ZigGap is made up of a
team of dedicated Bitcoin service professionals located in
the eastern United States."
mircea_popescu: bgupta everyone with
the notable exception of bitcoin-central is.
bgupta: Aren't
they basically at risk of being shut down for failing
to register as a financial institution?
bgupta: not as bad
though as ziggap...
Namworld: Bitfunder has an asset bot in #bitfunder now. I hope
to see it added
to assbot soon
Bowjob: that mpex buttpen pic would show up as one of
the most powerful examples of btc
bgupta: err.. google checkout?
they don't
think
that once google gets wind of it
they won't just shut it down
mircea_popescu: i'll go down in history as "the only romanian
that ever..."
Bowjob: u will be known as hosting
the biggest btc exchange
mircea_popescu: toffoo i guess pretty much everything we do in bitcoin
these early days will become revered a century later.
mircea_popescu: no,
this would have been mickey m,ouse work for my neighbour, who never went
to college
bgupta: I understand..
this would have been mickey mouse work, for
the big silicon companies.