log☇︎
978100+ entries in 0.691s
burnside: i'd just been attacked by mpoe-pr over security issues, and it came up that mpex if you lose your key you're f'd.
burnside: didn't mean to come across like such a dick on your coinbr thread
mircea_popescu: hm so that post pays off, i have like 3 ppl wantign the job already
mircea_popescu: haha Bugpowder_ wins the price oddity jackpot
mircea_popescu: i think i know a couple.
jcpham: i can't imagine any entity with more to dispose of
jcpham: they have taken in a lot of coins
mircea_popescu: tho you have a point, a bfl-bitpay tandem collapse is certainly conceivable.
mircea_popescu: i like to imagine they just process and that way they'll live forever.
jcpham: and on what timescale
jcpham: i just wonder who's in control of those coins and how they make it back to market
mircea_popescu: neither are in fact true.
mircea_popescu: that he can code a clone to X and that he can "play the market".
mircea_popescu: moreover, any random geek things two things of himself
mircea_popescu: jcpham if they try to play the market uninsured they are doomed.
mircea_popescu: depends if you count btc or usd and how narrow you cap things
mircea_popescu: jurov it's probably about there.
jcpham: and then simply hold the btc
jcpham: if they have the financial fiat backing to process directly in fiat
jcpham: after the BFL asic announcement, they were seeking buyers off the exchange
jcpham: and keeps the btc
jcpham: see i understand bit-pay as a payment processor that acts in fiat
jurov: does anyone know how much all the asic companies raised? it's pirate-level or less?
JWU_42: buying up BTC to bet on SD
JWU_42: maybe that has something to do with Gox
gribble: BTCUSD ticker | Best bid: 17.33904, Best ask: 17.41799, Bid-ask spread: 0.07895, Last trade: 17.33904, 24 hour volume: 52619.42457762, 24 hour low: 16.80155, 24 hour high: 17.58890, 24 hour vwap: 17.19969
mircea_popescu: jurov not that many scams left.
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid currency (1 more message)
jurov: *reads scrollback* oh, there will be supply... when most scams decide to close and sell
gribble: BTCUSD ticker | Best bid: 17.31862, Best ask: 17.33000, Bid-ask spread: 0.01138, Last trade: 17.33000, 24 hour volume: 53588.45314260, 24 hour low: 16.80155, 24 hour high: 17.58890, 24 hour vwap: 17.20807
thestringpuller: people will always be selling btc though
thestringpuller: my point was that finite things always run ouy
jcpham: i'd waste gold if it made me talk funny
jcpham: yeah but we waste helium and talk funny
thestringpuller: ^perception. you plan on mining the sun mp?
mircea_popescu: helium is not more rare than gold.
thestringpuller: helium is more rare than gold but tghat isnt truly my point
jcpham: my type is fail
jcpham: in terms of human perseption
jcpham: gold is ancient as space and time itself almost
jcpham: i was going to make that point also
mircea_popescu: well no, gold is much older than earth.
thestringpuller: gold is as old as the earth so it seems
thestringpuller: gold is like that in physical reality...
mircea_popescu: but on the gut level they still think "money" = fiat
mircea_popescu: there's levels. on some intellectual level they get it
thestringpuller: mircea_popescu: those people need to watch the introductory video
mircea_popescu: thestringpuller anything wioth fixed supply. people think btc "is money" thus fully inflationary bs fiat.
jcpham: the bulls have taken over gox
mircea_popescu: what people don't realise is that btc is a lot like s.dice
jcpham: nad gox starts to dry up
jcpham: what would be even more interesting is if the asks got even shallower
mircea_popescu: seems therre's 3x as much fiat as coins
jcpham: if people keep sending coins to gox to sell, that is
jcpham: it will be difficult to stop for sure
mircea_popescu: hm, this looks distinctly bullish
thestringpuller: i have a disc 2 i only technically need disc 2
Ukto: I am seriously ocncerned about the scratces tho
thestringpuller: no. just send it to me duuuh
Ukto: did you really want me to play through to disc 2 on ff7? :/
gribble: smickles was last seen in #bitcoin-assets 1 day, 1 hour, 14 minutes, and 54 seconds ago: <smickles> what was the final precursor last time? a bunch of puts bought, calls sold?
gribble: BTCUSD ticker | Best bid: 17.40102, Best ask: 17.47277, Bid-ask spread: 0.07175, Last trade: 17.40102, 24 hour volume: 53901.83917218, 24 hour low: 16.80155, 24 hour high: 17.58890, 24 hour vwap: 17.20956
thestringpuller: ;;later tell Namworld I need an emergency VPS, possible NS hosting/transfer
thestringpuller: What's the guy who runs bitvps' name?
mircea_popescu: assbot smokes teh cok since he was six months old.
assbot: Shit. You ain't even old enough to smoke.
gribble: BTCUSD ticker | Best bid: 17.29900, Best ask: 17.34999, Bid-ask spread: 0.05099, Last trade: 17.29900, 24 hour volume: 54137.88100753, 24 hour low: 16.80155, 24 hour high: 17.58890, 24 hour vwap: 17.21015
gribble: BTCUSD ticker | Best bid: 17.30000, Best ask: 17.30077, Bid-ask spread: 0.00077, Last trade: 17.30000, 24 hour volume: 54870.17966918, 24 hour low: 16.80155, 24 hour high: 17.58890, 24 hour vwap: 17.21227
imsaguy: Unless he now types using psychokinesis
jcpham: EskimoBob_afk i think you may be a larger fanboi than me
pigeons: actually that was a common legal issue and it is ALWAYS resolved that no matter the afreement if you can fix a problem like that easily you are required
jcpham: i'm not upset. i just think it should be made the clear the rota shouldn't be deciding moral debates about customer service
pigeons: mircea_popescu directly told wences to use the rota instead of settling it
jcpham: indecision is the lack of action
jcpham: the person who....requested all of this.....either directly or indirectly....and their reaction
jcpham: it isn't decision to reverse blockchain transactions
jcpham: let's be clear: the blockchain is in fact permanent imho
jcpham: and behind door number three are 3 strangers making moral decisions
jcpham: but what happened was door number three
jcpham: the choices were a) yes return the money b) no do not
jurov: was not so far from truth
jurov: lol i told mircea maybe first rota case will be about "mpoe-pr is public nuisance" cause it falls into its scope
jcpham: the blockchain predetermined it. he asked the rota to make a moral decision
jcpham: it's mircea_popescu discretion toreturn funds
jcpham: fuck all the nonsense
pigeons: well you can use the rota but even if you pay the judges and neg rate them for ruling you should return someone else's funds you may still lose
thestringpuller: BBET is more profitable to run bets on as a business than investing in the stock
jurov: doh, making my own exchange would be easier than this
jurov: or s.bbet... and coinbr users match each other's orders, causing new bugs to pop up
thestringpuller: wow money is being taken out of mpex and placed into s.dice
jurov: or you'd have to lower the bet limit considerably
Namworld: So I'd have put the coins on some stock of fiat stock exchange.
Namworld: I'd chose all the risks, all the rewards
Namworld: I'd have taken the risk and just get all for myself.
Namworld: Well for SatoshiDice, the coins were not needed.
Namworld: So I suppose I don't regret the IPO.
Namworld: Which means rg wouldn't have invited me to take over BitVPS with arij and phungus
Namworld: Plus I wouldn't have bought shares or known rg at all without the IPO.
Namworld: Well I didn't do it... and in that case, it financed rg's business actually, funds were needed.
Namworld: It's almost just me posting updates every month or two