log☇︎
954300+ entries in 0.707s
mircea_popescu: Anduck when i say mpex is the superior design this is what i mean.
Anduck: just hide the ip of the bot
Anduck: mircea_popescu: you totally should change the whole MPEX to be used via IRC
pizzaman1337: mircea_popescu: is that just to provide liquidity or something?
gribble: You rated user smickles on Sat Aug 25 08:39:34 2012, giving him a rating of 4, and supplied these additional notes: He's been running MPOE.ETF and releasing THE monthly reports, a model for all Bitcoin financial reporting. Also handled k's of BTC as broker for various clients..
mircea_popescu: pizzaman1337 the 1k blocks are mpoebot quoting
pizzaman1337: noob question: I've been watching some options books' and I've noticed some have buy/sell orders of 1000, with constantly changing prices. Is someone running a script with those orders, or are they mpex provided or something?
mircea_popescu: it's just there as a possibility so people understand that no matter what happens, mpex will trade.
jurov: or you do the manually?
jurov: and trades by email are supported automatically?
mircea_popescu: there will be a 2nd bot coming online this weekend, doing roughly the same thing, just for redundancy.
mircea_popescu: this ensures us against trade being taken down via ddos, unless someone manages to ddoss frenode.
mircea_popescu: you can also issue orders through it, via $post blabla, where blabla is the url of a pastebin where you've uploaded your gpg encrypted clearsigned order
mircea_popescu: anyway : in case our proxies get taken down, you can use mpexbot to check the json for vwap prices and market depth.
mpexbot: mircea_popescu: (help [<plugin>] [<command>]) -- This command gives a useful description of what <command> does. <plugin> is only necessary if the command is in more than one plugin.
topace: yea thats fine here
mircea_popescu: also, let me introduce everyone to mpexbot
deadweasel: it should resolve to be a profitable venture
topace: what should mpex.co resolve to ?
mircea_popescu: pizzaman1337 what are you talkin' about you troll you
topace: BOOM GOES THE DYNAMITE
mircea_popescu: blockchain.info down too huh
smickles: er, to
smickles: i guess pizza is what we should stick too
Namworld: not much trading going on right now
TradeFortress: either way the fee system isn't optimal
TradeFortress: sure, but you need tons of them, and kb fee.
TradeFortress: <TradeFortress> mircea_popescu, any output smaller than 0.01 requires fee
mircea_popescu: you want to impose a fee on txs that have small OUTPOUTS
TradeFortress: it could (not saying it is) be based on the cost it takes to process/store the TX
mircea_popescu: and for that matter, if you're trying to apply a penalty to people who tryt to bloat the blockchain
mircea_popescu: stupid way to code, this.
mircea_popescu: how did they come up with 0,01 ?
TradeFortress: then be a miner and choose which TXes to accept :)
Namworld: and prunning the blockchain
mircea_popescu: the point is that serious coders don't use magic numbers.
mircea_popescu: i don't care so much what people intend to do TradeFortress
TradeFortress: It's to apply a penalty to people who try to bloat the blockchain
mircea_popescu: more of the same magic number business i guess
TradeFortress: so you can't send 1 satoshi. must send a million 1 satoshi inputs and the size of TX will make fees kill
TradeFortress: mircea_popescu, any output smaller than 0.01 requires fee
mircea_popescu: or are you using the pythin toolbox
Chaang-Noi: have some dust in wallet, send to dice for lulz to get rid of it, win under12000 lol
mircea_popescu: Namworld if they get to be old enough don't they become free ?
Bowjob: Free 1 dollar to everyone
Namworld: I guess that's mostly that. Not that it's actually impossible to try to send it without any fee.
Namworld: and people tend to exclude 1 satoshi transactions
Namworld: apparently not... 1 satoshi takes more fees to transact than the satoshi itself.
mircea_popescu: but there must be a mechanism to reclaim those
TradeFortress: it bloats the unspent inputs
mircea_popescu: how come colored coins are spendable but satoshi aren't ? isn't this exactly the same thing ?
mircea_popescu: basically bitcoin will die a thermic death
mircea_popescu: well holly molly, if 1 satoshi is unspendable then what are we doing here
mircea_popescu: im not sure what their point is anyway. "unspendable" ?!
Namworld: I don't want to read 1 billion forum posts and stupidities just to find if Erik ever considered/commented
mircea_popescu: has erik commented on the thing at all ?
mircea_popescu: ya, possibly something that's no longer needed
TradeFortress: It worked pretty well in the early ages
Chaang-Noi: ahh i was going to buy them shares
mircea_popescu: maybe that's what it was.
mircea_popescu: well it does give closure on the spot
Namworld: The 1 satoshi "You lose" transaction is kind of pointless.
Namworld: You can check that without a transaction... that's the point
TradeFortress: Namworld, people want to know if they won or not
Namworld: and that they lost?
Namworld: no... I guess so people know the bet has been processed?
mircea_popescu: Namworld i dunno, did erik even say at any point why they're sending it that way ?
Namworld: If you don't win, don't reply with a 1 satoshi transaction
Ukto: Namworld: join the conversation for a sec pls :P
mircea_popescu: even with the relatively few shareholders.
mircea_popescu: i didn't get that impression.
Namworld: SD offers a lookup tool to check your lucky numbers anyway. If you lose, you can see it from the tool.
Ukto: it worked fine there
mircea_popescu: Ukto if you think about it the only practical effect it has is it prevents accounting becoming a mess a la asicminer.
TradeFortress: mircea_popescu, yet BF does the 2nf most volume
mircea_popescu: some people stick to their contracts ?
Ukto: how to enforce?
mircea_popescu: i have no idea why they do it this way.
mircea_popescu: Namworld i guess maybe that is in fact superfluous
Namworld: Seems that part could be killed at least
Namworld: No, but is the 1 satoshi return on loss needed?
Ukto: I was talking to Erik the other day
Ukto: mircea_popescu: they are just going overkill
Namworld: Can't Erik remove those? I don't see much point anyway. You can check your lucky number regardless... If you don't win, don't confirm by sending 1 satoshi?
Namworld: Why is the return amount needed on losses?
mircea_popescu: what is this, the dictature of the proletariat or someshit ?! who even asked them.
mircea_popescu: and wtf is going on in these people's heads, they're simultaneously arguing which exchanges should list and delist s.dice
mircea_popescu: but i wanted to open up trade for people, so
mircea_popescu: i used tghe ddos to make a lot of upgrades, not everything's ready to come up online
TradeFortress: mircea_popescu, are they just targeting mpex.co and not mpex.coinbr.com?
Chaang-Noi: after bfl fails to ship and asicminer gets 50% of the network i think 1.5 btc might trade
Chaang-Noi: only 40 shares left at .65 and then im no longer under contract to sell at that price
Chaang-Noi: that was my fault, im fixing that right now
mircea_popescu: price seems glued to 65 tho
Chaang-Noi: more than 10,000 shares sold in the last 2 to 3 weeks
Chaang-Noi: otc there was a lot of movement
mircea_popescu: starting to move a little.
error4733: haaa fail, i just try but with instawallet
jurov: leave burned ground to them
jurov: finally managed to sneak into my bitvps vps..