966400+ entries in 0.61s
mjr_: if anyone, anyone at all, can
tell me
they do not use fiat at all for any reason,
then i will be surprised
mjr_: but eventually stabilize at whatever
the market decides
mjr_: apple has
to pay foxconn using yuan
mjr_: fuck, you can't even get by in
the world using only
the dollar
mjr_: so
there will always be room for exchange
mjr_: but i don't
think it will be
that quick
Namworld: by adoption, you mean people buying in on
the hype or actual people buying because
they need
to spend bitcoins on a service/actually use bitcoins?
mjr_: my friend who owns a coffee shop in soho
tentatively agreed
to accept bitcoins
mjr_: but i
think
the adoption and publicity has exploded as fst
Namworld: So everyone finds
the current price rise normal?
mjr_: however,
there will be quite a bit of
time before we can pay rent in btc
mjr_: i agree
that is
the ultimate goal
Lyspooner: namworld it's not about
the price relative
to fiat
kakobrekla: if
there will be widespread adoption price has
to go up
Namworld: So is everyone on
the we're gonna be rich bandwagon or do people expect a bubble
to pop at any moment by now?
Namworld: You're alone, jurov. All alone.
The rest is but an illusion.
jurov: almost as if
there was exactly one crazy fool like me on
this rock
jurov: um, where do i assemble a
team everyone is like, has
to sustain wife and kids, paying mortgage and scared shitless
iz: step 2: evade local
tax/gambling/trading laws somehow..
mjr_: i feel like
that is on at least a hundred VC's whiteboards right now
mjr_: yeah, unfortunately you still have
to have an idea
mircea_popescu: you come up with an idea, you assemble a
team, you start implementing it...
mircea_popescu: i'll
tell you something definite, i'm getting about one person a day hitting me up about advice as
to how
to go into bitcoin business
mod6: i was wondering if you used
the pizza.itradebtc.com
thingy
mjr_: yeah,
think a few of
them want out of
the eurozone
gribble: BTCUSD
ticker | Best bid: 26.95326, Best ask: 26.99997, Bid-ask spread: 0.04671, Last
trade: 26.95326, 24 hour volume: 162515.40000499, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.34225
mjr_: think
there is at least another 20 mil for $2....
mircea_popescu: i imagine sooner or later someone competent - maybe a miner - will start mming
them
Lyspooner: when did
those 23, 24, 25, 26 puts
trade mircea_popescu
mjr_: do you know what exchange asicminer is going
to be on?
mircea_popescu: actually im kind of curious if inaba REALLY
thinks he;ll be able
to walk away from
the eventual bfl blow up
mjr_: yeah
the first batch is not "wild" yet
mjr_: watched it hash, (well not actually
the bits, but it was on)
mircea_popescu: nah,
they sent like 60 units which are awol/possibly confiscated/stuck in customs/who knows
mircea_popescu: if indeed avalon delivers anything eventually
then its kinda perfect
that asicminer came online first
mjr_: they are only going
to have half
the hashing power of
the avalons
mircea_popescu: which is somewhat not surprising, i guess
they're mostly
the liberal arts/community college folks with a lot of debt and degrees in whore/nigger studies right ?
mircea_popescu: It's "0.025152 - 0.037728" BTC per day. Yup, your 150$ device makes 4
to 6 cent a day (at pre bubble burst prices).
mircea_popescu: Someone did
the math some minutes ago on
the BFL chat how much a single Jalapeno would earn per day if everyone rolls out as intended and
the difficulty matches
that hashrate.
mod6: yeah.
these guys have epic amounts of butthurt.
mircea_popescu: "I really hope asicminer brings all
their stuff online,
takes control of
the network and pushes all
the other mining pools out of existence by increasing
the difficulty beyond profitability for anyone without
their own ASICs. People desert Bitcoin in droves,
the price crashes and ASIC owners are left holding
the bag of worthless Bitcoins and useless, expensive hardware."
mircea_popescu: it's
their interwebs forum,
they can cry if
they want
to .
mjr_: i mean, changing
the world and
the financial systems, giving people a more democratic method of payment, giving
them power...that is all well and good...i really just want
to see SA cry
mircea_popescu: upid makework and
the solar panels powering it could be used for something fruitful."
mircea_popescu: "When
this bubble bursts it won't be newsworthy because nothing of importance will be lost.
There will be a few articles on Gawker or whatever but nobody will really report on
this. Bitcoin will die slowly, fading into obscurity as
the last
true believer
tries
to
tell his son with his dying breath "there's always money in
the bitcoin shack," not realizing his son mothballed
that loving shack years ago because it was st
mjr_: is
that counting other exchanges and coinbase?
mircea_popescu: There's nothing actually newsworthy about bitcoin at
this point except in drug law and so on. Drugs aren't really "in" right now in
the news cycle. Now, if someone started selling unregistered guns with extended magazines using bitcoin. . ."
mircea_popescu: " It's just a neat piece for people
to
talk about
to feel
tapped into
the pulse of
the Internet without actually having
to do it. "You hear about
that internet currency? Yeah it's pretty neat huh" and
that's
the end of it. It's just a filler piece, a blurb, not really a publicity piece.
mjr_: but i can see baseless
tulip stuff vs growing interest
mjr_: no one can predict and i don't even want
to
mircea_popescu: it went way up and since
then it's been roughly stable
mjr_: anyway, by any metric you choose,
they are growing everywhere, blog mentions, google
trends, SR users, SR items for sale, overall volume
mircea_popescu: ironically...
that's what apparently happened
to s.mpoe.
mircea_popescu: "Market prediction is a difficult
thing; if it were easy, Bitcoin would have immediately jumped all
the way
to some final price back in 2009. Perhaps
the best strategy for most of us is
to simply wait and see."
assbot: !ticker <exchange> <ticker> (desc: returns current
ticker values, supported: MPEX, HAVELOCK, BTCTCO)
mjr_: did not realize
that
mjr_: this
time (i believe) it is based on greater adoption and publicity
pigeons: i dont
think bitcoinmagazine links are allowed in here
pigeons: jurov:
the wall wasn't shopped, i saw it
mjr_: saw a great article on
the rally
mod6: it seems like every new leg up is met with a round of selling
though. and it marches on...
mjr_: he was like, ah i haven't heard of
that in a while
mjr_: i had
the
time and
thought
this guy would be like wtf
mjr_: cuz getting
them
to chat with jason will be
tougher
mjr_: well...i want
to be able
to
try and get a bunch of people
to email
mjr_: so i said my first suggestion is
that you get an email address for suggestions
mjr_: but
that he could relay my suggestion
mjr_: he said
they don't have one for suggestions
mjr_: had
to live chat cuz i couldn't find an email address
mjr_: so i went
to suggest
to netflix
gribble: BTCUSD
ticker | Best bid: 26.50000, Best ask: 27.00000, Bid-ask spread: 0.50000, Last
trade: 26.50000, 24 hour volume: 162182.55852551, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.32592
mjr_: is
there a way
to
tweet a bitcoin at someone?
mjr_: i
think
they will do better as online wallet/vendor support
than as actual bitcoin exchange