944100+ entries in 0.688s
mircea_popescu: unbalanced o,
they said so ?
that;'s constructive
then.
kakobrekla: unbalanced
that is one of
the first results, after 30days runtime,
the fit was better, input data is price per difficulty
mircea_popescu: if
they use
the ipo funding
to actually get registered with
the whatever proper authorities / get a banking partner
this may work out well for everyone.
mircea_popescu: raising 5k btc for 10% so a 50k btc float predicated on 37k monthly
trade of which
they charge what, 1% ? 0.5% ?
kakobrekla: we are way past
the scale of
the chart.
MJR_: can't
turn your head without it jumping
gribble: BTCUSD
ticker | Best bid: 72.80003, Best ask: 73.60691, Bid-ask spread: 0.80688, Last
trade: 73.60691, 24 hour volume: 97393.33155240, 24 hour low: 62.50130, 24 hour high: 74.90000, 24 hour vwap: 67.08461
MJR_: strangely, I
think we are going
to see a bunch of new money coming in
gribble: BTCUSD
ticker | Best bid: 72.80000, Best ask: 72.80001, Bid-ask spread: 0.00001, Last
trade: 72.80000, 24 hour volume: 96873.60013063, 24 hour low: 62.50130, 24 hour high: 74.90000, 24 hour vwap: 67.02669
unbalanced: Won't a big sdice win like
that just encourage more desperate rubes
to flush
their bitcoins away?
topace: yea
the rate calculuation fucked up
MJR_: I wish
they showed how many orders
they do per day
gribble: There are currently 19291.337 bitcoins offered at or under 99.99 USD, worth 1669256.72911 USD in
total. | Data vintage: 30.9742 seconds
gribble: There are currently 11537.613 bitcoins offered at or under 89.99 USD, worth 910459.618314 USD in
total. | Data vintage: 17.3556 seconds
gribble: There are currently 10524.979 bitcoins offered at or under 85.0 USD, worth 822437.142286 USD in
total. | Data vintage: 2.3512 seconds
gribble: There are currently 7596.5366 bitcoins offered at or under 80.0 USD, worth 589106.947162 USD in
total. | Data vintage: 119.0183 seconds
gribble: BTCUSD
ticker | Best bid: 74.01505, Best ask: 74.29875, Bid-ask spread: 0.28370, Last
trade: 74.01505, 24 hour volume: 95240.44718836, 24 hour low: 62.50130, 24 hour high: 74.90000, 24 hour vwap: 66.69937
gribble: BTCUSD
ticker | Best bid: 74.43201, Best ask: 74.70000, Bid-ask spread: 0.26799, Last
trade: 74.43201, 24 hour volume: 94640.92768269, 24 hour low: 62.50130, 24 hour high: 74.90000, 24 hour vwap: 66.64683
gribble: BTCUSD
ticker | Best bid: 72.00055, Best ask: 72.01000, Bid-ask spread: 0.00945, Last
trade: 72.01000, 24 hour volume: 93554.33064456, 24 hour low: 62.50130, 24 hour high: 72.35000, 24 hour vwap: 66.47931
pgp2: time between blocks now at 6.46 min.... damn - mining is about
to become really hard...
smickles: ok, well,
the next line in
the sand is 84
MJR_: when your hedge
to
the main position does great
too
kakobrekla: some are born
to sweet delight, some are born
to endless night
smickles: "naw,
that wasn't real money,
that was a game. Like warhammere 40k"
smickles: the kids involved now will be
too embarassed in a few years
kakobrekla: in years he will look back at
this and be embarassed
MJR_: but
they should just skip ahead
to
the
tautology club
smickles: isn't it funny
that
they
tell you
they are
trusted?
smickles: MJR_: "Cognitive Mining is a well established and
trusted entity which was previously
traded on GLBSE, but only because of
the closure is moving here. Cognitive will significantly increase BTC-TC revenue via
trade fees, and increase site exposure and
trust because a
trusted entity is
trusting you!"
MJR_: it's subjective at
the end of
the day
MJR_: valuation is one of
the hardest
things and one of
the most important
things
MJR_: but it is hard
to calculate on
that scale
smickles: heh,
that's a good idea which
the casino's made up
to get your money back in
their hands
MJR_: someone at work wanted
to short
MJR_: as
this half is profit
MJR_: I figured
that now im playing with
the houses money
smickles: so hopefully span and cyprus get a full scale bitcoin economy going.
that would be lovely
smickles: and
then it just kept going up
gribble: Next difficulty estimate | 6427426.4485 based on data since last change | 7111506.45763 based on data for last
three days
MJR_: these 41 calls have been good
to me
MJR_: gribble can give
that? or do I have
to use mpexbot?
smickles: MJR_: mpex uses bc,24hprc, if
that's what you were calcin'
MJR_: it can never be worth more
than 1 right?
gribble: BTCUSD
ticker | Best bid: 70.50003, Best ask: 70.55000, Bid-ask spread: 0.04997, Last
trade: 70.91209, 24 hour volume: 93150.81477258, 24 hour low: 62.50130, 24 hour high: 71.25000, 24 hour vwap: 66.30872
mpexbot: smickles: An error has occurred and has been logged. Please contact
this bot's administrator for more information.
MJR_: there isn't, my point is it's high
time
to remember what money is
splnkr: all
that's much more complicated, i just
think anyone saying
there's a hard ceiling for USD/B TC in
the double or even
triple digits is BSing
MJR_: but now I want
to buy something
smickles: you can do lending and create more money w/o doing fractional reserve. so
there is more money
than goods and services
MJR_: the way
to do
that is with certificates of deposit
MJR_: doubt people would
take
too kindly
to
that
splnkr: now would be a good
time
to get started
MJR_: but if you view
the global economy as all
the stuff and hours in
the world
splnkr: i mean
that's if every fiat currency goes poof and everyone adopts BTC
smickles: if i lend 1 btc
to a person with good enough credit in
the community, i can
treat
the owenership of
that loan as money (about equal
to 1 btc)
splnkr: it's outside
the scope of
this discussion i
think
MJR_: what is
the global economy so were clear
splnkr: that would put
the
theoretical ceiling at $1,000,000 USD / BTC
splnkr: for
the sake of argument and simple math let's value
the global economy at $21
trillion
MJR_: cuts
through
the fog of derivatives and lending
smickles: but money is more complicated
than just assets
MJR_: I can only lose one bitcoin because its a contract
to buy one bitcoin
MJR_: but
that is only one way
to look at it
MJR_: well...that is not real...I was just
talking
to someone about
this yesterday
smickles: MJR_: you're not accounting for
the fact
that people can lend money
MJR_: however you choose
to denominate
that
MJR_: technically...the ceiling is all
the goods and services on earth
smickles: splnkr:
that's a pipedream
tho
smickles: butt and hold is my strategy
too :D
splnkr: that's a lot more
than 100
splnkr: the ceiling is
total monetary value in
the global economy divided by 21 million
smickles: well, if peeps in
the eu really are getting spooked and buying coins, when will
the spooing end
MJR_: and I don't want
to unwind
those positions...but and hold strategy
MJR_: it's all
tied up in bonds and stocks and options
splnkr: i don't see how
there's any ceiling
MJR_: 100 by 2014...but
the market knows best I guess
smickles: i bet a lotta people look at
this chart and see nothing but pump and dump
gribble: BTCUSD
ticker | Best bid: 70.55000, Best ask: 71.00000, Bid-ask spread: 0.45000, Last
trade: 70.55000, 24 hour volume: 92664.38564521, 24 hour low: 61.60000, 24 hour high: 68.90583, 24 hour vwap: 65.81245
smickles: 'cause amphipod showed
the 70 at about
the same
time you
tickered