943700+ entries in 0.727s
dub: ThickAsThieves: your proposal makes
too much sense
ThickAsThieves: thats what happens when gox
tells all buyers
that rate is 70.85
smickles: ThickAsThieves: i have no clue, just weirdness
today
smickles: lol, a whole bunch of 70.85
trades went
thru
benkay: what precisely is
this weirdness?
smickles: maybe
they
tried
to go live with
the coinlab
thing at midnight utc
ThickAsThieves: that suggested bid feature
they have is kinda fucked up
benkay: what are
the other exchanges doing right now?
tiberiusiv: benkay: considering
the majority of dollars are outside of
the US
the losses occur
to creditors
benkay: tiberiusiv: you're probably familiar with what happens
to centers of
the world when
their currecies blow up
smickles: bitcoincharts shows no
trades since
the new day on
their chart
tiberiusiv: benkay:
the US is still
the center of
the world
benkay: someone is hoping
that bringing gox ops
to america will make
things work more smoothyl
tiberiusiv: smickles
they have been bleeding market share since 2011
smickles: hmm, well
that 62% is still around 10x
their nearest competitor
tiberiusiv: by 2014 i would be surprised if gox did over 50% of fiat
trade
tiberiusiv: by
the end of 2013 i bet you gox USD
trade is in
the 50's
smickles: or arn't
trading usd, in
this case
smickles: it's significant if
they arn't
trading
smickles: tiberiusiv: gox still does > 80% of
the public btc/fiat
trade
smickles: no mtgoxusd
trades in
the past hour or so according
to amphipod
smickles: and my bot can't read
the mtgox depth for usd
smickles: i haven't seen a mtgox usd
trade go by in a while
Bowjob: what happened
to
the
ticker
gribble: Error: Failure
to retrieve
ticker.
Try again later.
assbot: Last
trade for S.MPOE on MPEX was at 0.00072101 BTC [-]
assbot: The eagle never lost so much
time as when he submitted
to learn from
the crow.
tiberiusiv: and
the scammed coins will be sold
to real users(spent) or invested into btc business's
tiberiusiv: the idiot component is
too broke
to participate
tiberiusiv: no you have
the legit investors, scammers and legit business
Namworld: yeah, but
that's USD/hour derivated.
tiberiusiv: the benefit
to bitcoin is it eliminates idiots from holding
them
smickles: but i'm not looking
to borrow btc
tiberiusiv: meaning at
the moment worthy borrowers are either miners, or
those running btc gambling sites
tiberiusiv: as i said earlier, less
then 0.1% of
the bitcoin users qualify for BTC loans as first you need a BTC derived income
smickles: you gotta figure a rate of deflation and
tac
that on
to
the charged interest
tiberiusiv: so loans have
to be very carefully analyzed
tiberiusiv: bitcoin has no mechanism(inflation)
to bail out debtors
Bowjob: There was
this dude willing
to lend
this kid 100 BTC
tiberiusiv: why arent btc creditors asking
themselves
that?
tiberiusiv: if you cannot obtain fiat credit in a 0% interest rate world you have
to be an utter deadbeat
Bowjob: I weep for
those 600 BTC
tiberiusiv: smickles:
the real rate of interest on BTC
this week is like 300%
tiberiusiv: borrowing off
the CC is much better
then borrowing BTC
smickles: it's cheaper
than borrowing btc
Bowjob: well
theres
this kid who borrowed .7 btc
tiberiusiv: why wouldnt
that joker just borrow off his credit card
to buy
the 300 BTC he needed
tiberiusiv: most of
the bitcoin borrowers are such deadbeats
that
they cannot even obtain fiat credit, yetpeople are willing
to loan
them BTC?
smickles: you should always borrow known inflationary
things
tiberiusiv: if you have
to borrow you should borrow USD
tiberiusiv: the
thing is how do people expect someone
to repay something extremely scarce and difficult
to obtain
smickles: some places
they can sue you and not have
to pay back at all
smickles: tiberiusiv: in many parts of
the us, if you charge over x% annual (ie 10%)
the debtor only has
to pay back at
the x% rate
gribble: Error: Failure
to retrieve
ticker.
Try again later.
tiberiusiv: then wonder why
the present financial system is bankrupt
tiberiusiv: amazing how people never question
that
gribble: Error: Failure
to retrieve
ticker.
Try again later.
smickles: maybe it just needed
to be rephrased
tiberiusiv: how can someone offer 3% a week on btc without having
the income
to pay
Bowjob: I posted a bet
that ianbakewell is gonna scam
tiberiusiv: right now
there is maybe 0.1% of bitcoiners who have
the capability
to repay
tiberiusiv: why would you lend
to people who dont have BTC based incomes?
smickles: ouch, sucks
to be
that aesop dood
tiberiusiv: i dont get why people are loaning BTC,
to users who cannot even manage fiat debts
tiberiusiv: man
these losers borrow BTC
to sell for fiat
to pay credit cards and shit
smickles: is
this yet another guy who risked more
than he had
to lose?
tiberiusiv: I should have no problem repaying
this as long as BTC stays bellow $41.66 ... if it goes above we would need
to work something out for a bit more
time
to repay.
Bowjob: his 3rd payment is due
tomorrow
Bowjob: what ever happened
to ianbakewell
error4733: true picture 100% ? can do
the same box in one week
error4733: ok so you
tell me
this guy, make 2K$ day ?
tiberiusiv: still huge slippage
trying
to sell larger ammounts
tiberiusiv: even with
the current price bitcoin liquidity has not substantially improved
error4733: ok
that why i had
those numbers in head
Bowjob: there was no option
to upgrade
to 4 modules for batch, if
they charge 22 BTC for one module,
then f
that