956100+ entries in 0.696s
jurov: anyone named
the source?
pigeons: how can
they be out of money? YCOMBINATOR
jcpham: newbs in -otc
talking about coinbase out of money
jcpham: <doctor_pullfingr> -I don't know where coinbase buys. All I'm saying is
that
they're out and have been for a couple of days. When
they no longer say
they're out. I
think
the price of BTC stabilizes. Maybe it's a leading indicator.
jurov: better
than perpetuum mobile
jurov: deflationary currency. with 7% weekly interest. austrian economists,
take
that.
jurov: heh, mtgoxlive loaded for me first
time
today
pigeons: i
thought 7% a week must be a scam, BUT YCOMBINATOR!
jcpham: it will be a revolutionary concept
to
the internet at large
jcpham: just wait until one of
these guys starts offering interest on deposits
pigeons: ooh and
they should offer coin storage
jcpham: they could pay interest on deposits and
then use
those deposited coins
to sell
BitHub: next you'll be
telling
them how
to offer insurance
pigeons: coinlab is gonna bring bitcoin
to wallstreet man
mod6: kakobrekla:
that's a one out of
the rg playbook :)
jcpham: all
the bitcoins are gone!
BitHub: demented animals
that invent
this crap
jcpham: apparently
they are more liquid
that coinbase
jcpham: none of
the borrowed coins were returned afaik
jcpham: selling borrowed coins was
tried a few
times at least once already
jurov: do we know where
the bticointalk coins ended up?
BitHub: mpex should lend out 100btc on btcjam and never see any of
teh btc again
jcpham: so
the btcjam coins are being sold, eh
jcpham: the internet is full of idiots
today
jcpham: "If Coinbase borrowed inventory off btcjam (as btcquick does)
they'd probably fund pretty quickly and have a better cost basis"
kakobrekla: if
they cant
take
tpb down with a solution like
that
mircea_popescu: kakobrekla not really, you can actually
trace
to source with
http proxies.
kakobrekla: and if you change it
to unknown its same shit if you keep it hidden via
tor or via decent
http proxies
kakobrekla: ya but
they still know your current location
mircea_popescu: someone
taking down all
tor nodes is a coupla degrees of magnitude over
that.
mircea_popescu: what i had here was enough
to make 10-100 Gb attacks ineffectual.
mircea_popescu: kakobrekla mpex would be on
tor, proxies would be on normal web.
Lyspooner: that's not me,
that's william congreve
mircea_popescu: Lyspooner shush you, you're not
the one with
the suspended exchange.
Lyspooner: Uncertainty and expectation are
the joys of life. Security is an insipid
thing.
mircea_popescu: this is a small scale garden variety
tor implementation.
mircea_popescu: but i dislike
this sort of solutions, just hop around dcs ?
jurov: mircea_popescu can't
the engine just get moved
to completely different dc?
mircea_popescu: kakobrekla well anything on
the internet is limited by
the internet actually existing.
kakobrekla: so
the proxy idea doesnt work after all
Lyspooner: Heaven has no rage like love
to hatred
turned, Nor hell a fury like a script kiddie scorned
mircea_popescu: in between
these extremes a number of intermediate solutions.
mircea_popescu: lol so our friendly ddosers actually wiped
the upstream provider.
mircea_popescu: it was funny, cause when he went
the other ddos was recent
jurov: poor smickles,just came after 3wks and immediately had
to calm
the situation
BitHub: told
them you got kidnapped by
the CIA again
mircea_popescu: jurov only because couldn't figure out how
to make any :D
mircea_popescu: i imagine it must be bruising egos but other
than
that... heh. who cares.
mircea_popescu: thestringpuller it is kinda funny, shrem gets owned, site is offline for
three days, customers miss rally, popescu is ddosed nothing happens.
gribble: A market order
to sell 10000 bitcoins right now would net 428772.0536 USD and would
take
the last price down
to 40.1000 USD, resulting in an average price of 42.8772 USD/BTC. | Data vintage: 0.0013 seconds
mircea_popescu: thestringpuller possibly
that
they draw from
the same reservoir of future as
the price does.
thestringpuller: does
that mean option marketers are manipulating
the price?
mircea_popescu: jcpham remember
the polish exchange
that mtgox acquired in 2011 ?
jcpham: Your money is stored securely in
the cloud (with 90% offline in secure storage), so if you lose your phone your money is still safe.
mircea_popescu: jurov it's gotten
to
that point hasn't it. funny how
things
topple in btc.
jurov: but
the asics are still big unknowns
mircea_popescu: Lyspooner so i made a spurious comment on
the interwebs.
jurov: i daresay marketmaking for difficulty is less risky
than one for price
gribble: Next difficulty estimate | 4749889.19275 based on data since last change | 4913870.80684 based on data for last
three days
Lyspooner: to what end? he doesn't care about bitcoin so much as he just wants people who cry "bubble!"
to be held
to certain standards
mircea_popescu: i can't even write about
this shit, it'd be doing it favours ;/
jurov: first
two sentences from
the body
text
jurov: From a historical standpoint, major economic bubbles are a rare phenomenon. Unlike business cycles, which occur quite frequently and with great regularity,
there have not been many bubbles
throughout history.
mircea_popescu: every halfwit with a "liberal arts" degree in nothing specifically from Nowhere University is going
to, on
the mid
term, publish a finite nonzero number of papers
jurov: lol i never heard about
this school.. prolly
too many "higher education" schools around
mircea_popescu: one of
them being
that youthful cocks with milkstrings still atached will end up publishing on wanna-be "respectable" venues a la seeking alpha as if
they were people.