log☇︎
989600+ entries in 0.763s
rg: but im stopping that before it happens
rg: if i continued to half ass it, yes, it would go under
rg: hence the new owners
EskimoBob: I asked about few weeks ago, is BitVPS going under and some cunt here was assuring me, that everything is fine blaa blaa blaa
EskimoBob: fuck, the sale of those damn PT's took too fkn long (getting the list etc).
Diablo-D3: see, it works like this
EskimoBob: so, if you guys are done circle jerking over a 4 name law firm, tell wtf is going on with BitVPS?
Diablo-D3: if steve told me he writes a million dollar check to them every year I wouldnt even bat an eye
rg: and i can tell you their retainer fee is ridic
Diablo-D3: (the more names on the firm, the more they bill you for. true story.)
Diablo-D3: preferably, one of those law firms that have like four names
rg: even if theres no real case,i still have to hand it over
Diablo-D3: yeah dude, when someone says sue you have to say go fuck yourself on legal letterhead
rg: and i shouldve jst handed over the ticket
rg: only to find out later that it was a HUGE mistake
rg: i basically told him to go fuck himself
rg: one guy threatend to sue us cause i didnt answer his ticket within an hour
Diablo-D3: well, I think nenolod scared him
rg: i have to immediately hand it over to him
rg: if anyone mentions legalities in a ticket
Diablo-D3: ha ha jokes on you, steve would have to pay millions if you did that
Diablo-D3: SERIOUSLY, WE'RE HALF WAY THROUGH THAT 55 GALLON DRUM OF LUBE WE GOT OFF AMAZON
Diablo-D3: YES RG, I AM TOTALLY HAVING LOTS OF SEX WITH NENOLOD _ALL THE TIME_
Diablo-D3: cant put that geanie back in the bottle
Namjies: Oh, that's what happened...
rg: and they love/need me
kakobrekla: in 2 months fire the boss
rg: i accomplished this in less than 2 months.
Namjies: After how much time?
rg: i am now support manager and a lead on the operations team
rg: mircea: i started as a level 1 tech
rg: i used to get into it wit hthier support all the time
rg: its quite funny how i got this job
mircea_popescu: be in the shadows, fucking their routing :D
rg: offering them hardware for cheap
rg: i will be in the shadows
rg: except for the fact that i work for one of the companies that hosts a bitvps server
mircea_popescu: not you, them lol
rg: is that everything stays the way it was
mircea_popescu: Namjies so you plan on delisting it ? or do a sort of m/a thing ?
Namjies: We're sorting this out.
kakobrekla: thats a twist.
Namjies: How the remaining shares will be shared and how BitVPS will be managed is not known for now.
Namjies: me, arij and phungus will probably take over BitVPS. He just disclosed the 3 of us in OTC.
mircea_popescu: sooo, rg just announced in a private channel that bvps is undergoing a merger/sale/something.
kakobrekla: whats that a crashed ROFLCOPTER?
kakobrekla: everything that is posted here at least
mircea_popescu: TRANSCRIBE ALL THE YOUTUBES!!1
kakobrekla: perhaps this wors out cheaper than your gals mircea_popescu https://bitcointalk.org/index.php?topic=130989.0
mircea_popescu: Nov 17 19:57:25 <_Fireball> honestly, by reading your blog post, I see that you have little idea how futures exchanges work
mircea_popescu: one of the reasons i love irc is the logs.
smickles: it's certainly plauseable that they were trying to pop the longs
mircea_popescu: they should pay out THEN close the shop.
kakobrekla: they should close the shop
smickles: < smickles> so a clearing house... it basically holds stuff and keeps a record of who owns it and makes it easy to transfer ownership of the things? <<< i'll add requiring collateral to this
smickles: so the icbit situation speaks directly to the need for a btc clearinghouse
smickles: so a clearing house... it basically holds stuff and keeps a record of who owns it and makes it easy to transfer ownership of the things?
smickles: thestringpuller: do I know any basic linear algerbra? I should think so
gribble: BTCUSD ticker | Best bid: 13.55000, Best ask: 13.59990, Bid-ask spread: 0.04990, Last trade: 13.55001, 24 hour volume: 22995.40107950, 24 hour low: 13.05001, 24 hour high: 13.62989, 24 hour vwap: 13.48703
Namjies: mircea_popescu: fancy. I say the change.
rbenzaquen: I don't care about the fees.
EskimoBob: rbenzaquen: there are "brokers" who can execute your trades for you, so you do not have to cough up the excessive account sign up fees :)
mircea_popescu: and it tells you where to send and how much.
mircea_popescu: rbenzaquen well if you signed the key it should be ok.
EskimoBob: so, who is going to do the PT for ART? :)
rbenzaquen: I did not send 30BTC, I don't know to where.
rbenzaquen: I already signed the key.
rbenzaquen: Couldn't decode the reply from MPEx, perhaps you didn't sign the key? try running
rbenzaquen: Invalid Signature, do not trust this data.
rbenzaquen: I'll look fwd to learn and start operating.
rbenzaquen: ok, So , I'll start creating my gpg pub key. and start playing, thanks very much for your help!!
mircea_popescu: you do and that's it.
mircea_popescu: say you want to deposit 100 btc. it says "deposit 100.48973984 BTC"
mircea_popescu: you send that sum to exchange address
mircea_popescu: there's a special DEPOSIT order which tells you a sum
rbenzaquen: mircea_popescu: If I want to make an order, how do I pay it?
rbenzaquen: mircea_popescu: great, I'll do that now. something I don't understand, how you co-relate your gpg public key with BTC public key?
mircea_popescu: http://www.madboa.com/geek/gpg-quickstart/ see that.
rbenzaquen: mircea_popescu: Thanks, I have installed gpg in my linux box, do I need to generate a pub key?
mircea_popescu: rbenzaquen this place works. what's the problem ?
rbenzaquen: mircea_popescu: Hi , Is there any place that help me to understand how can I start working with mpex.co?
mircea_popescu: i think we take this to pm
thestringpuller: i thought the settler and buyer were usually the same or am I confused?
mircea_popescu: when the time comes, everything outstanding you deliver.
mircea_popescu: you sell them for as much as you want
mircea_popescu: nono, you as the settler get the contracts.
thestringpuller: i have a question about 1: upon the settlement date, the clearing house would immediately purchase said physical assets immediately (whatever total volume dependent on the list from 1 and 2), from money on hand, however would mpex reimburse them (in btc that is)
thestringpuller: for instance if this were barrels of oil and not crates of cocoa
mircea_popescu: we're not discussing any volume yet, haven't gotten to that
thestringpuller: especially with the general volume we are discussing
thestringpuller: if all contracts are coming from a geographic convergence point (close to the same area) rather than a divergent one, the cost is significantly lower
mircea_popescu: well, if beneficiary fails to state you don't deliver.
thestringpuller: 2 is the most important part
mircea_popescu: 3. you execute within a fixed timeframe, possibly for a fee.
mircea_popescu: 2. people on the list send you signed messages stating disposition of their cocoa
mircea_popescu: 1. upon settlement date all held contracts are to be delivered, mpex prepares list of fingerprints and amounts, signs the list and sends it to you.
thestringpuller: well ISYS/logistics engineer like those guys who yell at the warehouse packers to make sure UPS is "moving at the speed of business"
mircea_popescu: well this normally works the following way :
thestringpuller: mainly all I need is a good delivery egineer, the fee would depend on volume
thestringpuller: if he just wants to pick up said asset, and store it in his house from port or whatever delivery terminal that can be arranged, but given we're dealing with the internet (this person could be any place on earth), then there has to be some kind of shipping network