mircea_popescu: only thing we can fix in this world is ourselves.

mircea_popescu: what do you figure is going better because of dmc ?

mircea_popescu: talk.

mircea_popescu: if talk makes you happy you should spend time with whores.

mircea_popescu: ...

mircea_popescu: you can't seriously think you invented "bootstrapping" though bitcoin.

mircea_popescu: eh, why not.

mircea_popescu: im reading up on this jro drama. these forum idiots... ah god they're so friggin ridiculious. they're exactly but exactly like any other 30something incompetent but ambitious circlejerk.

mircea_popescu: it's sad what all the prep talks and "creativity" training has done to this generation.

mircea_popescu: you're missing out on some vaguely gay very pretentious stupidity.

mircea_popescu: wouldn't you think this is something better left to "people" to say ?

mircea_popescu: mno. i could just as well point out that it's because mpex went from 300k to ~5mn valuation, it's mpex that people are speaking about.

mircea_popescu: fact of the matter is all this is pretty banal. a currency exists.

mircea_popescu: the rest just follows.

mircea_popescu: be that as it may, the problems with your design are that anyone can run the newer fpgas. the days when gpu's required competence from the operator are gone.

mircea_popescu: as such, the benefits of making a large company out of many fpgas are neglectable

mircea_popescu: and so people aren't really very interested in facing the cp risk involved.

mircea_popescu: that may be.

mircea_popescu: but again, it's not what you said you'll do.

mircea_popescu: quote.

mircea_popescu: but quote.

mircea_popescu: The Facility

mircea_popescu: A dedicated facility will be purchased or built on un-/under-developed land located in Maine due to our cold 6 months out of the year environment and lack of natural disasters. $150k will be set aside for this purpose as a soft estimate.

mircea_popescu: you want to build a "facility".

mircea_popescu: do you have any ideea how much... uh i dunno. gnax atlanta cost ?

mircea_popescu: you can't build a detached family house for 150k in maine.

mircea_popescu: the generators for a decent facility run in the millions.

mircea_popescu: a mid size up to par with current specs dc costs about 1bn atm.

mircea_popescu: there's a very good reason why there's no dcs made out for 50 racks Diablo-D3

mircea_popescu: the same reason there's no 1/8th of a person cars

mircea_popescu: prototyping is a term of art.

mircea_popescu: it is used to mean something very speciffic.

mircea_popescu: to wit, that thing which people with a lot of money do.

mircea_popescu: if all you have is 100k and you spend 100k, you did not buy a prototype.

mircea_popescu: on a total budget of 100k a prototype could cost at most 2-3k

mircea_popescu: people would point out you're not qualified to handle several billion.

mircea_popescu: are you ?

mircea_popescu: which si true. nobody in the community is.

mircea_popescu: which is also why people don't partner with "anyone in the community".

mircea_popescu: yes. that somewhere however is not pretending to be and do things they aren't and can't do.

mircea_popescu: thart's a great way to painfully die.

mircea_popescu: dub nothing wrong with green energy.

mircea_popescu: no.

mircea_popescu: a yes, yes. thart's what they call it.

mircea_popescu: AtlantaNAP 1100 White Street, SW | Atlanta, GA 30310

mircea_popescu: it's not huge, by any means.

mircea_popescu: ...

mircea_popescu: the paperwork is more than 25 million.

mircea_popescu: it was more, but anyway

mircea_popescu: 36,000 gallon storage tank to hold make-up water for cooling towers

mircea_popescu: Private well to supply make-up water (well is backed up by city water)

mircea_popescu: they had to make their own water supply and various other shits.

mircea_popescu: there's a reason why projects are always over budget.

mircea_popescu: again, i have no doubt that you're earnestly trying.

mircea_popescu: you'd go with atomic ?

mircea_popescu: gas was too difficult to get all the permits for iirc.

mircea_popescu: i only have a vague recollection, anyway.

mircea_popescu: One 2 MW diesel-powered generator with static ATS.

mircea_popescu: Factory price 2 mw diesel generator with CE ISO

mircea_popescu: Other products by Output Type: AC Three Phase FOB Price: US $ 2,000 - 12,000 / Set

mircea_popescu: on alibaba :D

mircea_popescu: trust me. a 2mw costs more than 2-12k

mircea_popescu: i'm just pointing out that pricing may be a little more difficult than it seems.

mircea_popescu: heya smickles

mircea_popescu: and obviously a wind turbine powered datacenter would be something very comical.

mircea_popescu: Supply Ability: 2000 Set/Sets per Year

mircea_popescu: Payment Terms: L/C,T/T,Western Union

mircea_popescu: ahaha this is great.

mircea_popescu: so this alibaba vendor can sell me 2k 2MW units per year

mircea_popescu: payment via WU

mircea_popescu: Diablo-D3 did you ever work as tech in a dc ?

mircea_popescu: ok, why not ?

mircea_popescu: ever applied for such a job ?

mircea_popescu: what, you're rooted in maine ?

mircea_popescu: people your age travel, it's only natural.

mircea_popescu: i tell you, it's bizzare to want to bootstrap a taxicab company when you never ran a cab.

mircea_popescu: i didn't say you were.

mircea_popescu: i said you never had the opportunity to waste other people's money finding things out.

mircea_popescu: it'll be a bitch to waste your own.

mircea_popescu: im pretty sure of that, yeah.

mircea_popescu: the most expensive part of a project run by someone with great ambition and no experience is always the management.

mircea_popescu: this is exceedingly well proven in teh history of business.

mircea_popescu: o ?

mircea_popescu: yet another thing the prospective investor would have not found out from yoru contract.

mircea_popescu: you have any ideea what's the one thing investors hate ?

mircea_popescu: haha well, surprises i was gonna say

mircea_popescu: but you tempt me so.

mircea_popescu: well, brokering is hard work and requires a large set of rare skills.

mircea_popescu: i been trying to get it going, but it's slow.

mircea_popescu: i suppose it's not flashy enough for kids today.

mircea_popescu: it stands to reason you should make a website before registering the security, actually. why not ? a blog is five minutes' work.

mircea_popescu: but your company has a site now. news can be published, people can ask you questions.

mircea_popescu: well that'd have been a great point to innovate.

mircea_popescu: whoa jesus ?! that bad ? .78 ?!

mircea_popescu: lol

mircea_popescu: well another part of the problem is that there's very little analysis work done

mircea_popescu: or should i say, publicly released.

mircea_popescu: bitcointalk is dysfunctional because it creates this false sense of community

mircea_popescu: bitcoin is a currency, not a post count.

mircea_popescu: well, part of the nonvocal non collaborative etc is that you get bristly when people say things.

mircea_popescu: i am an asshole. there's a difference between asshole and that.

mircea_popescu: you know everything needed for building a dc backwards and forwards ?

mircea_popescu: well... in maine... i can see it. bricks, trow,

mircea_popescu: out of 150k ?!

mircea_popescu: what if one of these subcontractors fucks you over ?

mircea_popescu: a crash course in suing ?

mircea_popescu: interesting concept.

mircea_popescu: a lawyer practicing corporate may cost you 10k just to hear your case.

mircea_popescu: im not sure what the bar is like in maine.

mircea_popescu: but in ma it's about there. not even a good one.

mircea_popescu: yea well, it's a little like playing poker.

mircea_popescu: they won't likely be able to resist stiffing you, seeing how you're a new face on a bugdet.

mircea_popescu: dub what are you putting in there anyway ?

mircea_popescu: a you're doing fiber hook-ups

mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/y99z3/go_long_or_short_with_bitcoin_again_up_to_10x/c5thkwg

mircea_popescu: ahahaa this is so darned funny.

mircea_popescu: after it's expired and they can get it ?

mircea_popescu: daily dividends really burn a lot of admin time

mircea_popescu: ahaha

mircea_popescu: hmm, anyone with a reddit account ?

mircea_popescu: Mind putting MPEx up there for a free-for-all pentesting ?

mircea_popescu: People that manage to get aything useful get faq mentions/1.337 btc

mircea_popescu: mkay. anyone with a reddit account and a longer pole than Diablo-D3's ?

mircea_popescu: lol

mircea_popescu: that;s cool

mircea_popescu: so please put mpex up going hey, free for all pentesting, anyone getting anything useful gets faq mentions and 1.337 btc.

mircea_popescu: reports to be forwarded to http://trilema.com/wp-content/uploads/office.jpg

mircea_popescu: it's a hacker thing.

mircea_popescu: sure.

mircea_popescu: ya 1 sec

mircea_popescu: smickles http://pastebin.com/jkG76WhE

mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/y99z3/go_long_or_short_with_bitcoin_again_up_to_10x/c5thkwg

mircea_popescu: whichever this is in

mircea_popescu: haha that your site ?

mircea_popescu: i think 1.3 should be clear to anyone nej ?

mircea_popescu: smickles why not just copy the clearsigned thing ?

mircea_popescu: it's two numbers in csv

mircea_popescu: lol you c/p'd the signature too liek a noob!

mircea_popescu: i meant copy the text and leave a link to the pastebin

mircea_popescu: hahaah

mircea_popescu: poor smickles. he just wanted to help

mircea_popescu: first link atop teh site, http://polimedia.us/bitcoin/faq.html

mircea_popescu: that's just how they roll in smicklandia.

mircea_popescu: i'd guess a week ?

mircea_popescu: i really shouldn't be doing this sorta thing at bedtime

mircea_popescu: now i'll be too excited to sleep.

mircea_popescu: thanks smickles

mircea_popescu: MoneyIsDebt this'd be just the webserver.

mircea_popescu: o they do the acceleration thing ?

mircea_popescu: not really.

mircea_popescu: does that 566 indicate how many bets so far ?

mircea_popescu: ya but, does it increment by 1 each new proposed bet ?

mircea_popescu: mmm, wordpress actually does.

mircea_popescu: yes coingenuity

mircea_popescu: oops. copumpkin

mircea_popescu: 3 points (80% like it) 4 up votes 1 down vote << ok whoddunit!

mircea_popescu: buncha haters.

mircea_popescu: for calls, 1 btc. for puts, the present put value.

mircea_popescu: on a 20 put with price at 10, 1 btc.

mircea_popescu: it's full coverage, as it were.

mircea_popescu: course on the bet thing... you folks realise that it's darn easy to game

mircea_popescu: as in, the person who finds a hole steals all yer coinz too.

mircea_popescu: a hey cool.

mircea_popescu: you had a golden hand.

mircea_popescu: https://bitcointalk.org/index.php?topic=2604.0 this is not serious ?

mircea_popescu: i see

mircea_popescu: also, jews. http://firstlightforum.files.wordpress.com/2012/01/ultra-orthodox-jews2.jpg

mircea_popescu: submitted 18 minutes ago* by smickles

mircea_popescu: jeez! i made it 1/4 hour!

mircea_popescu: more like 40 minutes by my watch but anyway

mircea_popescu: dub i still don't quite comprehend what those people were thinking. forex-y bitbucket ran by guy in china/taiwan. let us buy it while we reside in fresno ?

mircea_popescu: what.da.fuck.

mircea_popescu: like, not insta-changing all pws for everyrhing.

mircea_popescu: bitcoin is not the fronteer. it's the twilight zone

mircea_popescu: but for once they splurged and hired kafka's daughter by mark twain to do the script.

mircea_popescu: Hi MoneyIsDubstep!

mircea_popescu: well this is anticlimatic

mircea_popescu: lolz

mircea_popescu: it's not dead yet!

mircea_popescu: teek must read it ALL

mircea_popescu: http://www.positivemoney.org.uk/2012/08/imf-working-paper-offers-supports-full-reserve-banking/

mircea_popescu: whoa the imf is competing with btc nao

mircea_popescu: mmm what data you mean ?

mircea_popescu: buys/sells well sometimes the bot's orders expire before it notices.

mircea_popescu: nah

mircea_popescu: how do you see it ?

mircea_popescu: you understand the webserver is just relaying the actual trade db tho

mircea_popescu: yea but what i mean the dt between no bid being offered and bid popping on the webserver

mircea_popescu: is not too close to the dt' between same in trade db, so your attack avenue doesn't really work

mircea_popescu: seems more like a (pretty strong) random number generator than anything.

mircea_popescu: it'd pretty much measure entropy i think.

mircea_popescu: well not so much.

mircea_popescu: for instance, a new way to steal cards consists of using a laser to measure temperature right after owner used the card

mircea_popescu: apparently they can get the key sequence

mircea_popescu: lasers work over a good distance.

mircea_popescu: http://i.imgur.com/rmd6Z.png jesus god look at that.

mircea_popescu: Also Bitcoinica was losing money because its hedging algorithm was too simple, and during the last few months the site had negative profit.

mircea_popescu: https://bitcointalk.org/index.php?topic=93319.msg1038189#msg1038189 old taaki post

mircea_popescu: it's a sidemeasure of technical volatility.

mircea_popescu: pretty meaningless tho.

mircea_popescu: shoot!

mircea_popescu: sgornick_ in general the symbols stay the same. due to the explosion of btc i retired the halfdollar symbols and added 11 through 20 dollars instead. i have the ability to do this as needed.

mircea_popescu: but barring significant moves of price they just remain the same.

mircea_popescu: smickles calls you mean ?

mircea_popescu: sgornick_ indeed they do, yes.

mircea_popescu: eh

mircea_popescu: N becomes T, not the other way around

mircea_popescu: O.BTCUSD.C200T 0.028 / 0.052. why 0.99 lol

mircea_popescu: sgornick_ well other option systems might spell out the month in the options name, or use fixed month letters

mircea_popescu: go A B C D E for may etc.

mircea_popescu: some systems use a sort of technique kinda akin to url shortening too.

mircea_popescu: smickles not unless it's infinity.

mircea_popescu: yeah

mircea_popescu: seems a tad confusing. i dunno, maybe i made a bad choice but it seemed to me more comfortable / intuitive esp for beginners.

mircea_popescu: i can change them any time so it's not such a big deal either way i don't think.

mircea_popescu: sgornick_ well... unlikely or not... it's the case.

mircea_popescu: copumpkin i beg your pardon, one second :D

mircea_popescu: copumpkin try nao.

mircea_popescu: http://i.pgu.me/UDxEofcC_original.jpg does anyone actually believe this woman should be making money by whoring her misshapen hulk ?!

mircea_popescu: copumpkin this is what moajhahaha 1 sec

mircea_popescu: try agaion lol. and no chained commands yet,.

mircea_popescu: it will come tho.

mircea_popescu: copumpkin> actually interacting with gpg isn't so bad, btw, if you just pipe commands together <<< most people find it's quite painless, esp if they have pympex. its one of those cases where the vixen looks sullen but she's quite charming once you get to know her.

mircea_popescu: smickles how much'd you expect it ?

mircea_popescu: i think i have tits comparable.

mircea_popescu: esp if i lift something

mircea_popescu: smickles delta is not a reflection of mkt demand unless the prices you use are issued by the mkt

mircea_popescu: i can't use my own bot to decide what the market says now can i.

mircea_popescu: but anyway, i can only change symbols on month ends and if you recall back on july 28 it didn't look so sure we'd hit 13. it was more like 9.x

mircea_popescu: i was considering getting maybe up to 30 strikes next month. esp if we keep climbing or at least hold

mircea_popescu: sgornick_ that satisfies you or did you have more ?

mircea_popescu: 20 is not dim ?!

mircea_popescu: what are you, a pearl digger ?

mircea_popescu: well how do you call them, pearl holdbreathers ?

mircea_popescu: smickles while it's true that 0.9x is dim, i don't think 0.9x is a requirement. pretty much 2-3 strikes away from atm is dim afaic.

mircea_popescu: dub fine fine :p

mircea_popescu: this is also true

mircea_popescu: volatile you know

mircea_popescu: and not all the trade volume is necessarily an open long position.

mircea_popescu: but yes i am pretty loaded with people's long bets.

mircea_popescu: smex hahaha

mircea_popescu: http://pastebin.com/8XKZaPK6 this is kinda funny to read

mircea_popescu: i had no ideea zhou was so obsequious

mircea_popescu: smickles can you explain sc2m to me again ?

mircea_popescu: so it's a sort of fund of banks ?

mircea_popescu: could be a fund of bank bonds.

mircea_popescu: why would anyone want shares w/o dividend

mircea_popescu: sounds to me like unpreferred lol

mircea_popescu: im not sure that'd be useful, just confuse ppl.

mircea_popescu: lol

mircea_popescu: i dunno, imo for bitcoin nonvoting divcarrying equity is way better than the other way around.

mircea_popescu: maybe its just me

mircea_popescu: so basically... bonds

mircea_popescu: jesus we're making such a mess of finance.

mircea_popescu: dub hey, i made it long enough for bet to come live :D

mircea_popescu: ikr.

mircea_popescu: if you can see a stat it's safe for you.

mircea_popescu: the fact that it gives you info proves you have a key registered.

mircea_popescu: smickles trust me, you're just opening the door to forum drama.

mircea_popescu: if they fire either one of you that operation is canned anyway.

mircea_popescu: maybe, tho honestly, if you're offering bank bonds it'd make more sense to just give up all pretense and tranche them in a cdo

mircea_popescu: mmm

mircea_popescu: well as i said, i'd consider it for new mpcd if they seem worth doing in nov.

mircea_popescu: do you know how to gauss-copula evaluate ?

mircea_popescu: im listening to rebel girl from bikini kill

mircea_popescu: aren't i old school.

mircea_popescu: smickles : well if you feel like learning wizardry you can futz with that stuff.

mircea_popescu: otherwise, how many tranches do you plan ?

mircea_popescu: the video is particularly bad.

mircea_popescu: well yes for sure.

mircea_popescu: smickles : that thing is a mathematical approach to evaluating the likeliness of joint default in similar assets.

mircea_popescu: some people started using it as a definitive model of assesing risk, and as a result fucked up pretty bad.

mircea_popescu: copumpkin have you tried one ?

mircea_popescu: do try

mircea_popescu: if you are really concerned about it you can add all pipes and junk afterwards.

mircea_popescu: BUY|{MPSIC}|{quantity}|{price}|{expiry}|dfgjdfklgj

mircea_popescu: tho i don't see why it'd be necessary.

mircea_popescu: no man. i understand what replaysare.

mircea_popescu: im just saying, they aren;'t allowed by the system.

mircea_popescu: yeah.

mircea_popescu: man in the middle could just get the encrypted string and send it again

mircea_popescu: it'd do him no good, seeing as he can't even be sure whose account he's fucking necessarily.

mircea_popescu: but it might cause trouble for the holder.

mircea_popescu: of course, mpex is the only place where this actually isn't possible

mircea_popescu: otherwise everyone including mtgox is actually vulnerable to this.

mircea_popescu: why ?

mircea_popescu: lol

mircea_popescu: copumpkin ;) didja check ?

mircea_popescu: smickles well yes.

mircea_popescu: well no.

mircea_popescu: that's what i said, afaik pretty much the only place that isn't.

mircea_popescu: course, it's a lot more difficult to do for traditional sites esp over https.

mircea_popescu: at least in theory yea.

mircea_popescu: somebody had a session stolen on glbse recently tho, iirc.

mircea_popescu: there are limits.

mircea_popescu: anyway, smickles that's the drawbacK : people could legitimately repeat their stats

mircea_popescu: it just doesn't seem worth the risk tho, sooner or later some asshat is gonna use it to wreak havoc

mircea_popescu: umm

mircea_popescu: what ?!

mircea_popescu: o and you hit the bot's bid huh

mircea_popescu: well ty do come again

mircea_popescu: 0.07596438 nao

mircea_popescu: so nom.

mircea_popescu: but wait. if the bot sells for .11... what was the ideea charging .75 per ?!

mircea_popescu: it does reject the 2nd. what i meant was ppl just save the pgp'd stat and just keep piping that. arguably more comfortable.

mircea_popescu: not rly tho

mircea_popescu: http://www.google.com/url?sa=t&rct=j&q=Tihan+Seale&source=web&cd=6&cad=rja&ved=0CFcQFjAF&url=http%3A%2F%2Fwww.wiwd.uscourts.gov%2Fopinions%2Fpdfs%2F2003-2005%2F05-C-368-C-11-04-05.PDF&ei=nbItUImLFYek4AS-soCQBQ&usg=AFQjCNHPapd-v-AyBwkLrAbRCkdL93SwFg

mircea_popescu: would you say this is tihan seale of bitcoinica in thst lawsuit ?

mircea_popescu: Speaking of that, Zhou I wanted your thoughts on the financial situation.

mircea_popescu: As you know, Bitcoinica went from cranking out 6-figure profit one month to

mircea_popescu: a flatline the next. I covered most of the deficit from the hack on the

mircea_popescu: assumption Bitcoinica profits would quickly fill in the rest. What's

mircea_popescu: happened instead is a consistent equity leak that has remained unresolved

mircea_popescu: for two months. We've gone from being short 40k to now being short 88k.

mircea_popescu: ohohoh.

mircea_popescu: its him tho isnt it.

mircea_popescu: eh ?!

mircea_popescu: not so hard to do

mircea_popescu: are you using the new vwap ?

mircea_popescu: 2 points (60% like it) 6 up votes 4 down votes

mircea_popescu: omg why the hate!

mircea_popescu: copumpkin "repeatedly stab your tiny asian dick into my waiting anus" ?

mircea_popescu: smickles a little bonbon : volume in shares, volume in satoshi

mircea_popescu: pretty cool huh

mircea_popescu: indeed not.

mircea_popescu: Total agree bets: 0.00

mircea_popescu: Total disagree bets: 1.00

mircea_popescu: o wow. srsly ?!

mircea_popescu: you know, donald knuth only paid 256 cents.

mircea_popescu: iirc.

mircea_popescu: tons of people went hogwild over that shitty bitdaytrade site and there was no money there either.

mircea_popescu: omg mpex is still online how can this be!?

mircea_popescu: sgornick i didn't even know bitbin existed!

mircea_popescu: awww assbot died ?

mircea_popescu: ya, give it to nano :[

mircea_popescu: ;p*

mircea_popescu: nanotube isn't satoshi

mircea_popescu: bitscalper is satoshi.

mircea_popescu: ahahah wouldn't that be the end all tho ?

mircea_popescu: satoshi came back as a retarded guy with an italian accent.

mircea_popescu: shall i quote ?

mircea_popescu: yes, i guess i must!

mircea_popescu: awww well i can;t find it now

mircea_popescu: assbot is ded.

mircea_popescu: lol

mircea_popescu: omfg almost 15 ?!

mircea_popescu: maybe so.

mircea_popescu: also maybe so

mircea_popescu: truth be told the us banking system is going to hell wholesale.

mircea_popescu: wouldn't surprise me if we end up with $1bn dumped in.

mircea_popescu: that's because we live in the end of a systgem

mircea_popescu: bretton woods. it's dead.

mircea_popescu: depends on your connection. a coupla hours ?

mircea_popescu: so 80 in 10 minutes. >100 minutes, bout couple hours. i win :D

mircea_popescu: In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

mircea_popescu: this is what im talking about. the us banking sector is going away.

mircea_popescu: anyway. soros put 130 mn into gold at the same time.

mircea_popescu: i imagine 1% of that might have gone into btc, too.

mircea_popescu: and it's how it will unwind, banks go in the pink sheets while the proceeds buy gold and a fraction thereof buys btc.

mircea_popescu: i mean exactly that.

mircea_popescu: jpm struggling to keep it's shares at 10 cents

mircea_popescu: no, not necessarily.

mircea_popescu: i don't see how it can be avoided. us banks currently have no legitimate way to turn a profit.

mircea_popescu: they're merely a conduit for governmental charity, and as such the value of one share is more or less the value of one food stamp.

mircea_popescu: aww im one of them/

mircea_popescu: y u hate bankers.

mircea_popescu: a, now that's a different story. we agree on that.

mircea_popescu: well i don't run a bank nor am i jewish, but i'm a finance type.

mircea_popescu: and i don't think there's something wrong with banking. i think the problem is us banks aren't doing any banking.

mircea_popescu: haha most people do, but i'm not.

mircea_popescu: imo it's the good kind of boring.

mircea_popescu: greed is a good thing.

mircea_popescu: well yea. greed i suppose would be the vice of excessive appetite

mircea_popescu: there's no life worth that name w/o appetite.

mircea_popescu: who's to say waht is "inordinate" ?

mircea_popescu: i don't like the stench of socialism wafting from that "dictates of basic"

mircea_popescu: fuck "basic".

mircea_popescu: socialism is the ideea that the group will solve the problems of the individual.

mircea_popescu: by means of, for instance in thiscase, deciding what "too much" is.

mircea_popescu: ugh ? how am i a greek ?

mircea_popescu: ...

mircea_popescu: are you stereotyping ?

mircea_popescu: well what does being greek have to do with anything ?

mircea_popescu: well i thought you were an eskimo so we're even.

mircea_popescu: dude. all greek people can't be morons by virtue of being greeks

mircea_popescu: it ain't how this works.

mircea_popescu: yeah.

mircea_popescu: are those morons too ?

mircea_popescu: well EskimoBob... not everyone can be an eskimo you see. people are born in random places it seems.

mircea_popescu: EskimoBob for curiosity, do you recognize the people in http://www.ziuaveche.ro/wp-content/uploads/2011/10/biderberg_cfr_alaturi-guvernatorul-bnr.jpg ?

mircea_popescu: copumpkin well they wouldn't have to be naked...

mircea_popescu: your internet a little borked ?

mircea_popescu: I am prejudiced nao ?!

mircea_popescu: well i don't do guys, either

mircea_popescu: does that mean im prejudiced against men ?!

mircea_popescu: EskimoBob yes, i made lots of money from porn in the good old days.

mircea_popescu: copumpkin mostly produced.

mircea_popescu: i never acted. i guess i directed a coupla times maybe ? i dun recall.

mircea_popescu: EskimoBob that's ok. you are on the internet nao. you meet people here that don't conform to your expectations.

mircea_popescu: copumpkin i was never credited at any rate.

mircea_popescu: i don't ?!

mircea_popescu: how long you been around EskimoBob ?

mircea_popescu: ;;getrating EskimoBob

mircea_popescu: hey, about the same time.

mircea_popescu: you wrote a haiku for btc ?

mircea_popescu: ok, anything up to here. A POET ?!?! FUCKING SCUMBAGS

mircea_popescu: you know poets can't be trusted.

mircea_popescu: philosophers aren't so bad...

mircea_popescu: (for the record, i typed ph and typed tab waiting for irc to put the rest in!)

mircea_popescu: pecunia non olet, my dear northern friend.

mircea_popescu: if i say yes and it does will you hate 15 ?

mircea_popescu: kakobreklaa assbot died halp.

mircea_popescu: is he adding porn to it ?

mircea_popescu: its frigging addictive that thing.

mircea_popescu: aww

mircea_popescu: what W ?

mircea_popescu: not so small hehe

mircea_popescu: o wow 15 omg

mircea_popescu: it just jumped

mircea_popescu: jesus god this is a keg of powder.

mircea_popescu: today meant +2

mircea_popescu: ;;ticker --last

mircea_popescu: hi mod6

mircea_popescu: sgornick is it me or that bitbin.net site doesn't actually exist ?!

mircea_popescu: ;;ticker

mircea_popescu: ?!

mircea_popescu: getting married ?

mircea_popescu: o.

mircea_popescu: well done!

mircea_popescu: what's this mean, rid of reserves ?

mircea_popescu: you'd think reserves are a good thing

mircea_popescu: or the semblance thereof.

mircea_popescu: well if someone can put in as many orders as they want based on 5 btc

mircea_popescu: then the sum of orders isn't really the liquidity.

mircea_popescu: the liquidity still is 5 btc.

mircea_popescu: yeah. sorta like how mtgox does it.

mircea_popescu: it has its advantages, as long as you can make sure that you're not hit with double spends

mircea_popescu: lol viscosity

mircea_popescu: did you know that the hornier a girl is, the more viscuous her moisture ?

mircea_popescu: myea, it's dirty alright.

mircea_popescu: nefario : suppose i have 10 btc. i put in three orders, to buy A, B and C each for 10 btc.

mircea_popescu: it just so happens that by accident at the EXACT SAME TIME two people sell, A and C

mircea_popescu: what now ?

mircea_popescu: smickles i thought you were married too

mircea_popescu: hehehe. im just trying to stir trouble

mircea_popescu: doesn't this slow trade execution down ?

mircea_popescu: smickles its a robot maker i think ?

mircea_popescu: EskimoBob yea, that may be a problem. especially for daytraders.

mircea_popescu: huh ?

mircea_popescu: whoa it's closed. nanotube!

mircea_popescu: nope had to be till september.

mircea_popescu: hmm, now i dont recall the text. diodn't he have to survive till sept jcpham ?

mircea_popescu: are you kidding ? volume is up like 100%

mircea_popescu: lmao i think that wiped the cdo ?

mircea_popescu: smickles truth of the matter : not so many businesses in bitcoin land

mircea_popescu: no, i meant wiped as in, sold out.

mircea_popescu: nobody in that cdo is pirate-facing.

mircea_popescu: which is why.

mircea_popescu: nanotube he did it for the 5k!

mircea_popescu: lol

mircea_popescu: dude i tell you, if that guy ran a ponzi for ~1 year and manages to soft land it

mircea_popescu: i'll have a whole lot of respect for him. its earned.

mircea_popescu: smickles well, i was gonna say yest, are you tranching it ?

mircea_popescu: or what else do you do ?

mircea_popescu: JWU42 : B.MPCD.A actually paus 2% and it's senior.

mircea_popescu: smickles how do you convert your income to fixed return ?

mircea_popescu: or just go for a normal honest to god bond like in sanityland ?

mircea_popescu: aha

mircea_popescu: well, mpbor was ~5% on the last month, so i'd guess something like that.

mircea_popescu: or 1% ish a week if you do weeks.

mircea_popescu: 5% per month is not 52% apr

mircea_popescu: .py 1.05 ** 12

mircea_popescu: EskimoBob hm ?

mircea_popescu: where's bitcoin kruger to explain that the btc economy needs negative interest bonds

mircea_popescu: because pirate fucked things up

mircea_popescu: now that he's out of the picture things might come back to some semblance of sanity.

mircea_popescu: nanotube i know.

mircea_popescu: that;s what i'm saying.

mircea_popescu: lmao

mircea_popescu: smickles i think that musta been a self trade.

mircea_popescu: smickles someone bought them out and i think is trying to get people to buy in quickly and not read the contract.

mircea_popescu: ...

mircea_popescu: how ?!

mircea_popescu: So now what?

mircea_popescu: I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement. All withdraws at this point will be delayed until Monday when the shutdown process begins..

mircea_popescu: this does not seem all that orderly.

mircea_popescu: he will have to buy 100k btc on the open market ?

mircea_popescu: prepare for $20

mircea_popescu: "elsewhere". right.

mircea_popescu: this reminds me of the virgin kids in highschool. they had sex "elsewhere".

mircea_popescu: as if at that age there's other places and other girls.

mircea_popescu: Update

mircea_popescu: Starting today, I've lifted the referral only requirement to open a Savings account.

mircea_popescu: this on the 13th

mircea_popescu: i think copumpkin had it : all coins lost.

mircea_popescu: i love them too. nothing wrong with that.

mircea_popescu: usagi : there's the school of thought that nobody hears from pirate again.

mircea_popescu: NYAN.C and YARR should get 1 bitcoin back from our pirate investments <> Both of them have nothing to do with pirate

mircea_popescu: say wut ?!

mircea_popescu: As it turns out, the market severely overvalued the premium on pirate insurance. < ?!

mircea_popescu: smickles that might work. tho i'd make it 3 or 6 months. time compression online.

mircea_popescu: and if pirate returns nothing ?

mircea_popescu: odd huh ?!

mircea_popescu: you'd expect people to divest pirate stuff move into nonpirate stuff

mircea_popescu: back to 14.5

mircea_popescu: so it seems ALL gets sold off lol.

mircea_popescu: o wow.

mircea_popescu: puts unwinding.

mircea_popescu: these were short i think.

mircea_popescu: what ?

mircea_popescu: hehe

mircea_popescu: i think people are getting real antsy about btc/usd atm

mircea_popescu: i wonder what the fallout scenarios are if pirate is never heardfrom again.

mircea_popescu: ya but people haven't realised it yet.

mircea_popescu: smickles haha do you daytrade on mpex ?

mircea_popescu: lol

mircea_popescu: usagi got really excited earlier :D

mircea_popescu: the puts ?

mircea_popescu: yeah

mircea_popescu: so in the end glbse investments are of two kinds :

mircea_popescu: miner bonds, where you make a little each month and lose 2x from your capital same month

mircea_popescu: and pirate bonds, where you make more each month and lose most of your capital in three month intervals

mircea_popescu: seems very investor-y.

mircea_popescu: smickles did i leave something out ?

mircea_popescu: well of course i left things out, i was being mean.

mircea_popescu: usagi those exist ?

mircea_popescu: whoa look at that!

mircea_popescu: ;;ticker

mircea_popescu: conspiracy!

mircea_popescu: jeez.

mircea_popescu: ok, i am guessing the bubble is popping huh

mircea_popescu: wowza giga under 12

mircea_popescu: 1*

mircea_popescu: ok, this is a clearly massive selloff.

mircea_popescu: ;;ticker

mircea_popescu: o wow.

mircea_popescu: under 13.

mircea_popescu: what a day.

mircea_popescu: mmm i think that's over 5k btc worth of puts for the day.

mircea_popescu: crazy.

mircea_popescu: and i was getting all geared up to add strikes 20-30

mircea_popescu: sux.

mircea_popescu: haha yeah

mircea_popescu: that's not so much... you mean daily vol ?

mircea_popescu: ;;ticker

mircea_popescu: under 12.5

mircea_popescu: and volume isn't that great i'd say.

mircea_popescu: 130k, what's that.

mircea_popescu: well... some people for sure do.

mircea_popescu: lol srsly.

mircea_popescu: it spun me around, i was -3k on puts now i think im more like +3k

mircea_popescu: yeah that's dropping fast.

mircea_popescu: o wow

mircea_popescu: under 10 ?

mircea_popescu: lol

mircea_popescu: because moneyisdaith

mircea_popescu: ;;ticker

mircea_popescu: buy them back

mircea_popescu: buy them back

mircea_popescu: ;;ticker

mircea_popescu: o m f g.

mircea_popescu: ;;bid 10

mircea_popescu: a ty

mircea_popescu: 20k over 10 huh ? we might see 9.

mircea_popescu: Bid-ask spread: 0.42100 0.0

mircea_popescu: mtgox has turned into wannabitexchange :D

mircea_popescu: pity that people have this run from btc "investment" all the way to usd mentality.

mircea_popescu: ;;ticker

mircea_popescu: last trade 11.35

mircea_popescu: ima go watch a film or something, this is too much.

mircea_popescu: kakobreklaa a tit in each hand.

mircea_popescu: aha so a bottom is in huh

mircea_popescu: wowza

mircea_popescu: no wai ?!

mircea_popescu: so when this block finally goes through and all the btc makes it to mtgox

mircea_popescu: we see round 2 ?

mircea_popescu: option quotes are still valid, yes.

mircea_popescu: if you can arbitrage go ahead

mircea_popescu: MoneyIsDebt im sure they can, thing is... have to get enough of themn on the bandwagon

mircea_popescu: im sure i have.

mircea_popescu: btw sgornick

mircea_popescu: is that bitpaste thing dead ?

mircea_popescu: bobby deerfield. it turned out boring.

mircea_popescu: o. you said .net

mircea_popescu: lol.

mircea_popescu: <MoneyIsDebt> btccharts looks like a heartrate monitor during cardiac arrest <<<

mircea_popescu: aha it's coming back to life huh

mircea_popescu: Total Size 1010.8603515625 (kilobytes)

mircea_popescu: Total Fees 0.68525198 BTC

mircea_popescu: so unfair,.

mircea_popescu: was it going to mtgox ?

mircea_popescu: ;;ticker

mircea_popescu: ;;tslb

mircea_popescu: aha it cleared.