log☇︎
938400+ entries in 0.664s
mircea_popescu: Namworld is this the tiberius kid going on ?
Namworld: Most are just not going to come in IRC...
Namworld: I'm one of the trader on MPEx. A few of the 1000s calls were my transactions.
mircea_popescu: actually, i wonder how many people are doing the "sell 1k btc at mtgox, buy 1k worth of calls on MPEx" hedging thing.
mircea_popescu: im curious if that holds any.
mircea_popescu: amusingly enough, large call buy put a top in the market.
Namworld: I've never talked to them before receiving the BTC or anything.
Namworld: I have funds loaned to me. The big people are not on bitcointalk nor on IRC.
Namworld: The large traders are hardly standing around all day in IRC. They don't even know about it.
Namworld: there's large traders around
Namworld: Brokers hardly represent a fraction of trades
Namworld: It's people with thousands of BTCs >.>
Namworld: They're around or on the forum everywhere =/
Namworld: What does that changes?
Namworld: Why do you even claim that?
Namworld: MPOE shares trade an average of 700k daily...
Namworld: Well one last round of options to grab and it's gone
Chaang-Noi: but there was a cartoon of a lady burning usd when we jumped about $2
mircea_popescu: Mtgox trading engine lag: 34.80s
Namworld: Well the asks/bids aren't for 1000 everywhere
Chaang-Noi: a cartoon was showed on the page
Chaang-Noi: anyone else see that?
Chaang-Noi: the grandma of the cat in tyhe looney toons was tossing money into a fire?
Namworld: options are usually in favor of the bot
Namworld: If price makes a sudden drop, executing them is always an option to cut losses.
mircea_popescu: so about there, 84-85
Chaang-Noi: meh 5000 btc seems worth the risk here
Namworld: if price go down it could hurt tho
Namworld: then the more the better
Namworld: they're in the money if average moves like to 82-85 USD per BTC
mircea_popescu: where long is anything over a week, in the sense tuesday to saturday is a week
Chaang-Noi: hmm, well if they expect 100 soon very soon then its a good deal
mircea_popescu: btc people just don't like the long term
mircea_popescu: then again traditionally options have been trading like crazy past few days of each month.
Namworld: They expire on the 29th
Namworld: the closer to expiration date
Namworld: but they have less of a premium too
Chaang-Noi: but these options end when?
Namworld: mircea_popescu... I think there's demand for more calls
Namworld: Sounds good to me
gribble: There are currently 21113.042 bitcoins offered at or under 100.0 USD, worth 1990189.832 USD in total. | Data vintage: 16.7081 seconds
gribble: There are currently 2434.4015 bitcoins offered at or under 85.0 USD, worth 205945.63073 USD in total. | Data vintage: 8.3875 seconds
gribble: There are currently 3087.7011 bitcoins demanded at or over 78.72 USD, worth 247621.614442 USD in total. | Data vintage: 0.0070 seconds
Namworld: hmm, more calls to buy
Namworld: time to buy calls
gribble: BTCUSD ticker | Best bid: 82.51000, Best ask: 83.95000, Bid-ask spread: 1.44000, Last trade: 83.95000, 24 hour volume: 69655.64712248, 24 hour low: 75.07101, 24 hour high: 84.39000, 24 hour vwap: 78.82830
gribble: Next difficulty estimate | 6742223.56791 based on data since last change | 7150229.48926 based on data for last three days
toffoo: I don't think I've ever seen more than about 6 TH hashing
toffoo: I thought the networking problems when there was like 3-4 TH online
mircea_popescu: in the thread.
toffoo: where did he say that?
mircea_popescu: somebody owes but doesn't pay the assumption is they're insolvent.
toffoo: but I figured I'd ask here before wading thru it
mircea_popescu: this is not jumping to conclusions. this is the correct assumption process in business.
toffoo: I thought it might have been mentioned in that monster forum thread,
toffoo: well I hate to jump to uninformed conclusions
mircea_popescu: the only logical conclusion is there's something wrong with it.
gribble: BTCUSD ticker | Best bid: 83.90001, Best ask: 83.95000, Bid-ask spread: 0.04999, Last trade: 83.95000, 24 hour volume: 69002.42552111, 24 hour low: 75.07009, 24 hour high: 84.39000, 24 hour vwap: 78.78080
mircea_popescu: originally their gear was going to be sent to upstanding community members for review
mircea_popescu: toffoo what can they say ?
Chaang-Noi: in it for the dividends
Chaang-Noi: they dont need more funding so why do they care?
toffoo: weird how they haven't addressed this pretty critical question
Chaang-Noi: tehy dont have batch 2 chips yet, but they could ahve fucked 50% of batch one
mircea_popescu: and they're already using batch 2 chips.
Chaang-Noi: what they are :?
mircea_popescu: toffoo the worst case scenario is that their chips keep blowing up
toffoo: what happened to ASICMINER's other 6TH? wasn't it supposed to be 12 TH in the first batch?
Namworld: There's just something to it.
gribble: There are currently 19647.357 bitcoins offered at or under 99.999 USD, worth 1851405.41114 USD in total. | Data vintage: 4.9117 seconds
gribble: There are currently 20890.923 bitcoins offered at or under 100.0 USD, worth 1975762.01088 USD in total. | Data vintage: 0.0018 seconds
Namworld: It has a nice sounding to it.
Chaang-Noi: yeah 100 is almost a sure thing now :/
mircea_popescu: 100 seems quite likely tbh
Chaang-Noi: yeah, nice to wake up to that
gribble: BTCUSD ticker | Best bid: 83.74544, Best ask: 84.20000, Bid-ask spread: 0.45456, Last trade: 84.20000, 24 hour volume: 67420.00585510, 24 hour low: 75.00000, 24 hour high: 83.00001, 24 hour vwap: 78.64965
mircea_popescu: neway im off. take care all
unbalanced_: Like the Cyprus "solution", Florida has something similar for foreigners who buy retirement homes: out-of-state owners of Florida property apparently pay higher property taxes than their neighbours. Because they can't vote.
mircea_popescu: past this point it is irresponsible to keep wealth in banks/fiat.
unbalanced_: Easy out for politicians. And they wonder why suddenly normal citizens look at something like Bitcoin and say "Tell me more"
unbalanced_: Bugpowder: just caught up. 80% haircut for "rich" Cypriots (a minority that won't march in the streets) and foreigners (EU/Russian retirees who saved all their lives but don't vote in Cyprus)... oh and Russian mafia, apparently
MJR_: yep...and i believe it was private...or was that the one before
jurov: well.. and that one was horrible hack for decommissioned microcomputer
MJR_: so you could say that in the beginning there was one
jurov: well, in the beginning there was One Unix....errr no... there was actually sysv and bsd...
MJR_: if you are very good at linux...you don't have a job because you don't want one, or you are so annoying that no one can possibly work with you...at least in the US
dub: its simpler to think of it like this: Some people use linux as a tool to accomplish their work, som use it because they are tools who don't have a job.
MJR_: <dub> gentoo is the slamming your cock and balls in a door of linux :)
MJR_: not saying the other packages may not be off, but debian can run almost anything
jurov: oh, wasn't debian that fucked the keys? cuz they know better than upstream?
MJR_: or make things so niche that like one guy is like "this is perfect!"
MJR_: to me it seems like they just reinvent the wheel in a lot of the others
jurov: debian is fine...but i have to compile newer stuff on it all the time anyway
MJR_: but fuck yum and that bullshit
MJR_: fuck...debian is the purest linux there really is
jurov: especially the hardened variety
dub: gentoo is the slamming your cock and balls in a door of linux
mircea_popescu: holy war = "apple is better than windoze" "no slackware is better than sarge"
jurov: so when bitcoin stops rising there will be credit (among other things) crunch
jurov: tiberius isn't war... although produced quite a flood tho