938800+ entries in 0.739s
deadweasel: ok,
the more important part is how many of
the SR users
turn
to BTC as a whole, whether it be speculation, assets, whatever.
smickles: especially since most drug users are either smokers or drinkers. but if we set
that aside, most drug users are probably using pot, which
takes
thousands of pounds
to od in
KRS1: od figures are very low considering
the number of users..dont ask me how i know guess i came across stats on
that one day
smickles: well, i don't
think
too many drug users od...
smickles: the news people were especially on about
the relative size of sr when
that senator was bitching about bitcoin
deadweasel: I would like
to find out how many SR users become bitcoin adopters. or if most of
them just OD.
deadweasel: smickles: i
think
that's why I
thought so
too. i have some reditard in me,
that much is obvious.
smickles: mircea_popescu's blog has an article written at
the
time, which documents
the date
smickles: and you probably used
the
think it was large because
the media and all
the people who didn't
thake
the
time
to research
the
topic kept saying it was 3/4 of
the bitcoin economy
smickles: deadweasel: I don't
think so. I believe
they were idiopathicly offline
deadweasel: I used
to
think SR impact was large, I'd like
to go look at
the data for
that period.
deadweasel: smickles: was
that when
they got sql attacked or wahtever?
MJR_: or is it pretty much only on
the buy side
MJR_: does coinbase have
trouble when you SELL bitcoins on
their site?
KRS1: that would be nice...im
trying
to buy more, but on a dip at some point
Diablo-D3: KRS1: Im expecting it
to go up, actually
mircea_popescu: <smickles> i did a few
times, but
there wasn't ever anything worth buying <<< i kept saying it's irrelevant but NO!!! DRUGS!!! SR BIGGER
THAN MPEx!!!1
KRS1: diablo are you expecting it
to go up or something
Chaang-Noi: i see one share
trade and im like wtf...
then i remember
that share is $50
gribble: BTCUSD
ticker | Best bid: 78.00000, Best ask: 78.40000, Bid-ask spread: 0.40000, Last
trade: 78.00000, 24 hour volume: 68609.09897307, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.15356
assbot: Hell, ain't we about more fucked
than a whore at closin'
time, huh?
smickles: there wasn't
that much volume recently, so
taken down
smickles: i did a few
times, but
there wasn't ever anything worth buying
smickles: < mircea_popescu> so
this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months <<< probably since
that initial address change
MJR_: mircea_popescu: not exactly "manipulating" but anyone who puts an order
that large out
there is probably not
trying
to just sell or buy,
they would layer it and break it up so
that it wasn't obviuos
MJR_: or
they could just be in a jurisdiction
that gives
two shits
Doffx: It assumes law enforcement also noticed
this.
Doffx: Lot of assumptions
there.
mircea_popescu: Once
the server is seized, it can either be
taken offline and analyzed for evidence right
then and
there, or left online and modified
to better accrue evidence. In
the case of SR, leaving
the server online and modifying
the purchase mechanism
to not encrypt addresses on
the server would be
the obvious choice. Law enforcement would immediately have access
to all addresses, private messages, etc.
Diablo-D3: Ive been saying its a honeypot since
the day 1
mircea_popescu: so
this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months
Chaang-Noi: well, if
that get shut down not exactly good for btc
jborkl: mp, can you process my deposit.
thanks
mircea_popescu: why can't it just be some dude who wants
to sell at
that price.
gribble: There are currently 36671413 bitcoins demanded at or over 0.0 USD, worth 9038379.57806 USD in
total. | Data vintage: 0.0189 seconds
unbalanced__: Okay with
The Wall and
The Dogs Of War,
time
to
turn on
the Pink Floyd
Bugpowder: yah, but you can't cancel it in
time if someone eats it all in one go.
MJR_: let loose
the dogs of war
MJR_: i bet he cancels once someone really starts
to eat into it
ZedsterX: no need
to elaborate just yet....lemme learn a bit more
Bugpowder: This is
typically a very active
time of day
though,
that wall is really
temping someone I bet...
Bugpowder: ZedsterX: of course we don't really know what is in
the mind of
that
trader, but
that's what it appears
to be.
MJR_: yeah,
the fact he is manipulating i
think means
the price is being held lower
ZedsterX: thanks for
the clarification....i am just now reading day
Trading for Dummies so I am currently a Dummies but learning
Bugpowder: looks like
the value is really
tanking
Bugpowder: not
that selling 12000 BTC at 77.5 would be considered a bad outcome for most people :-P
Bugpowder: the risk for him is
that someone might just have
the capital
to buy
the whole
thing in one shot.
Bugpowder: Just someone
trying
to mainpulate
the market, perhaps doing some day
trading, scooping up at 75.5 on
the dip,
then reselling higher when he removes
the wall
Bugpowder: If he really wanted
to sell, he would
try
to undercut
the asks at 80, instead posting just above it
Bugpowder: earlier
today when it was put up, it was at 80.0001
deadweasel: the wall is real,
the intention just isn't what you
think ZedsterX
Bugpowder: It is a wall designed
to push prices down
thouh
Bugpowder: how many
times do we have
to go over
this
Bugpowder: there is no such
thing as a fake wall
ZedsterX: Chaang-Noi: what do you mean it's fake?
total newb here
gribble: There are currently 18683.032 bitcoins offered at or under 80.0 USD, worth 1474040.53264 USD in
total. | Data vintage: 19.2638 seconds
gribble: BTCUSD
ticker | Best bid: 75.34000, Best ask: 77.00000, Bid-ask spread: 1.66000, Last
trade: 75.34000, 24 hour volume: 67052.57610028, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.21349
mircea_popescu: Bugpowder actually, seems btchcarts has issues with
the feed.
gribble: There are currently 5417.4674 bitcoins offered at or under 80.0 USD, worth 431701.695968 USD in
total. | Data vintage: 30.3969 seconds
MJR_: they are
the easiest in my opinion
unbalanced__: virtex now at 82.50/84.20 (CAD)... Canada in
the lead
Chaang-Noi: also bitstamp is
the easiest way
to get in money fastest
MJR_: the main issue is funding options and
time
Chaang-Noi: kako
to get money into btc-e you need
to be
tight with
the russian maffia
MJR_: KRS1: but what
to do with
the cash
KRS1: couldnt one
transfer
their btc between markets for big profits
Bugpowder: mircea_popescu:
the mpoe bot seems
to not have offers up much more of
the
time now
than a few weeks ago. Is
this DDOS related, funding related, other?
gribble: BTCUSD
ticker | Best bid: 79.09000, Best ask: 79.09899, Bid-ask spread: 0.00899, Last
trade: 79.09899, 24 hour volume: 76184.89958681, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.01784
gribble: Error: I
tried
to send you an empty message.
gribble: Error: I
tried
to send you an empty message.
unbalanced__: If community starts
to watch
that, maybe people would feel freer
to
trade more off-Gox
Chaang-Noi: i
think
they are waiting for
the case
to end in cali first
mircea_popescu: could have done without all
the bs libertardism, but anyway
Chaang-Noi: gox is being silent right now about it, but before
too long
they will get sued