968200+ entries in 0.708s
gribble: There are currently 0 bitcoins demanded at or over 24.4 USD, worth 0.0 USD in
total.
gribble: BTCUSD
ticker | Best bid: 24.40000, Best ask: 24.41768, Bid-ask spread: 0.01768, Last
trade: 24.40000, 24 hour volume: 32455.87760636, 24 hour low: 23.50000, 24 hour high: 24.41769, 24 hour vwap: 23.97896
Bugpowder: then he (or his friends) murdered someone outside
the club after a SuperBowl in 2000
mod6: lol @
this comment on superbowl bitbet: How can
the Ravens be such underdogs when
they have Capn' Stabbin Ray Lewis, ...
mircea_popescu: The
term stands for
the standard identification code Pvpskvmybashd Mrsya.
mircea_popescu: for some reason
the
this is dog meme is really hard on foreigners.
markedathome: saw
that, but I didn't
think
that anything was happening from glasswalker's side until
tomorrow/wednesday as he was 'away on personal business/attending a wedding' according
to last email
mircea_popescu: there's been a lot of bitcoin sindicate drama on
the forum
tho
markedathome: has
there been some sort of glbse payout
today from either glbse or btcsyn?
pigeons: i frequently say why
the fuck do you
think
this place will last, you could just build one
the next county over where everything is cheaper,
the next country over where you can use slaves and pollute, etc
pigeons: but some people (over?)pay just
to be "in house. and definately overpay for uptime
they dont need
mircea_popescu: im just
thinking its so commodified it's probably
the case economies of scale rule.
pigeons: everybody wants you
to survive a nuclear strike even if you're just making
toys
pigeons: much smaller companies
than
that make datacenters, just as nice or nicer
than
the big ones, but less capacity
mircea_popescu: heck, if one had any sense
they'd build
them
together.
mircea_popescu: problem is, a datacenter is something a multi-billion company makes. in fact, it's about on
the level of building a nuclear plant.
DeadWeasel: Diablo-D3: i agree with you on
the state of
the industry.
mircea_popescu: even with all
that.
they'll be fine, you'll make a little more per sq foot
DeadWeasel: and capital, and 12 hour work days for
the next several years
Diablo-D3: yet half
their rack space is wasted because of mismanagement
Diablo-D3: many datacenters are not accepting new customers because
they're "full"
mircea_popescu: the reason
they're sloppy is
that
there's so much govt demand for
them
Diablo-D3: Bugpowder:
the only way
to win is
to come out of nowhere and eat
their lunch
Diablo-D3: Bugpowder:
they arent upgrading
to handle customer demands and are massively wasting space
mircea_popescu: arguably it'd be a good idea
to make a btc-level secure btc
Bugpowder: wouldn't it make more sense
to manage an existing datacenter
mircea_popescu: so your mkt cap is probably under 50k btc or something like
that.
mircea_popescu: if you made a btc-taking datacenter. problem is
the btc paying customers aren't doing more
than maybe a few ks worth a year
mircea_popescu: for now
the deals
that make sense
to finance in btc are
the deals
that bring btc.
Diablo-D3: DeaDTerra: it never left
the dock.
Diablo-D3: mircea_popescu: DMC could cause btc
to reach $1000
Diablo-D3: DeaDTerra: Im not going
to let nefario sink
this ship
mircea_popescu: you will eventualyl be able
to finance fiat endeavours in btc, but prolly after btc mkt cap passes 1
trillion.
mircea_popescu: trades happen if and only if
the % of btc you give away
Diablo-D3: even if it was done in bonds
that pay
the equiv of 5% annually for
ten years?
Diablo-D3: do you
think it'd be possible
to raise a little over 400k btc
to start a datacenter catering
to high density computation customers?
Diablo-D3: how many people do you
think have more
than 400k?
pigeons: "ripples" ripple.com
transaction fee currency
mircea_popescu: for so many different reasons it doesn't even matter
that adoption would skew
mircea_popescu: the "charts" people like
that idiot on reddit are working on are bs anyway
ThickAsThieves: i guess what i'm
trying
to confirm is,
that all
these charts miners are working on, and
trying
to predict difficulty are all
totally
thrown out
the window if rapid bitcoin adoption happens
Diablo-D3: EskimoBob: friedcat is going
to be putting his own exchange up
ThickAsThieves: so, say it's 2015 and 50% of
the world is using bitcoin
Diablo-D3: EskimoBob: look in
the auctions forum, several people are selling
their shares
ThickAsThieves: so when
the last new bitcoin is mined, miners mine for
the fees only?
Diablo-D3: EskimoBob:
the auctions are manual, yes
mircea_popescu: think like
the blocks are
train wagons, and
the
tx are people.
the fee is what
they pay
mircea_popescu: if its low nobody would include it unless
there's space
mircea_popescu: if
that difference divided by
the
tx length is high everyone mining will want
to include it in
their block
mircea_popescu: if input > output
the difference is kept by whoever mines
the blokc
DeadWeasel: yup, start sending a fee at
that point if want immediate includsion in
the blockchain
mircea_popescu: Diablo-D3 you get excited
too easily.
things don't work like
they could
Diablo-D3: mircea_popescu: I'd basically own most of
the hashing power out
there
ThickAsThieves: so how will
the system deal with confirming
that many
transactions
Diablo-D3: I wish I had
the money
to buy all of asicminer
ThickAsThieves: i wanna make sure I understand somehting about how
the blockchain works,
DeadWeasel: at work, look it up later. glad you won
though Diablo-D3
ThickAsThieves: also, as far as buying
the BFLs I did, like I said, I just wanna own a couple miners, I have a lot of "gizmos"
mircea_popescu: and i wouldn't promote
that shit either, it's unconscionable.
mircea_popescu: no,
to short it i'd have
to borrow some and sell
them.
ThickAsThieves: if you wanna short it, buy
that 5000share seat and promote your auction more
than Nam
mircea_popescu: i
think he got like .35 or some ungodly
thing like
that
Diablo-D3: I dont
think mircea_popescu realizes how much hash power asicminer will end up having
mircea_popescu: if
there were a practical way
to do it i'd short
the entire float.
ThickAsThieves: diablo, I might, just a matter of whether I can move money around before
the deadline...
gribble: BTCUSD
ticker | Best bid: 24.20309, Best ask: 24.23694, Bid-ask spread: 0.03385, Last
trade: 24.23694, 24 hour volume: 31171.64310858, 24 hour low: 23.19000, 24 hour high: 24.37345, 24 hour vwap: 23.91775