log☇︎
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Doffx: Thats actually funny coming from you EmanuelDeOrtego
EmanuelDeOrtego: Feel free to elaborate
Doffx: Mainly because you were just talking about doomsday scenarios, wich I actually side with you on which is exactly why I don’t see any long term future in much of this.
Doffx: I dont know when it all falls apart though, 1 year? 20 years? remains to be seen.
EmanuelDeOrtego: Doffx: Well, 600 banking executives have quit in the past year.
Doffx: I think anyone with even a small amount of brains can see society is about to change.
EmanuelDeOrtego: The wealthy are purchasing more and more properties in survivalist areas.
Doffx: Oh yeah, banking is the problem thats for sure.
EmanuelDeOrtego: George Soros went all Gold but that could mean anything.
Doffx: Like I said I'm with you on something coming.
EmanuelDeOrtego: The fact is we are overdue for another great depression. The DHS is stocking up on ammo rounds and FEMA has camps ready.
EmanuelDeOrtego: What this could all mean varies.
Doffx: Means they are about to fight off massive civil unrest
Doffx: and the rich are protecting their assets by using the government ties to inforce it.
EmanuelDeOrtego: All I know is I grow my own food and store water.
EmanuelDeOrtego: I am not really concerned.
EmanuelDeOrtego: If you live in a urban area, then you should be.
Doffx: I have done the same but im still concerned, you can do it alone either you need a good network of people in your community dont forget that
Doffx: err cant*
Doffx: I live in a nice small town where all the food is made
Doffx: Wife works at a large farm
Chaang-Noi: what is the other chan with the glbse stocks, the other one with the bot?
Doffx: I still dont feel safe.
EmanuelDeOrtego: Dairy or...?
EmanuelDeOrtego: Chaang-Noi: MPeX?
Doffx: Berries, corn, and dairy
nefario: (4:58:54 AM) DiabloD3: I want this to happen
nefario: (4:58:57 AM) DiabloD3: and I eventually get what I want
Chaang-Noi: no atlas,
nefario: is that how you became a dady?
EmanuelDeOrtego: Mmm, berries and dairy are good staples.
DiabloD3: nefario: a what?
EmanuelDeOrtego: Daddy
nefario: I'm insinuating you raped someone
nefario: for fun
nefario: the insinuating part
nefario: not the rape part
EmanuelDeOrtego: Hey, some women like getting "raped" for a hobby but it stops being rape then apparently.
Chaang-Noi: wtf am i jumping into?
DeaDTerra: hahah I had the same reaction as Channd
DeaDTerra: Chaang*
Chaang-Noi: asset cahn went to rape for fun chan?
DeaDTerra: I just saw "Raped" in qoutation marks :P
nefario: can't rape the willing
Chaang-Noi: i saw atlats and just wanted to move to the other chan...
Chaang-Noi: but cant remeber it, some one please pm me it
EmanuelDeOrtego: Come on, Noi. I am not bad at all.
Chaang-Noi: i ahve some on topic questions about the last 48 hours (iv been away)
EmanuelDeOrtego: I just speak honestly.
Chaang-Noi: you are not bad, just off topic
EmanuelDeOrtego: Acknowledged. I'll stop.
Chaang-Noi: thanks
Chaang-Noi: whats up with the btc price
Chaang-Noi: its like 50% of what it was when i left 48 hours ago
Chaang-Noi: also the panic sale of ppt bonds has quit, market now has faith in pirate?
Obsi: DiabloD3: Second OBSI.ABMO ASIC upgrade paid for. Estimated hashrate at deliver 80.82 Ghash
Obsi: *delivery
Doffx: He came in to OTC said he would pay Chaang-Noi.
Doffx: that was Friday though.
DiabloD3: Obsi: whats that per share now?
Doffx: Now the speculation is hes paid some investors and they are selling.
Chaang-Noi: i was getting some of my bonds back at .5 and .6 crazy
Doffx: Dont think anyone actually knows the true reason for the selloff
assbot: [MPEX] [S.MPOE] 490 @ 0.00038366 = 0.188 BTC [+]
assbot: [MPEX] [S.MPOE] 13500 @ 0.00038544 = 5.2034 BTC [+]
assbot: [MPEX] [S.MPOE] 8110 @ 0.00039193 = 3.1786 BTC [+]
Chaang-Noi: i see
Obsi: DiabloD3: 7.223 when BFL delivers on spec
Doffx: Yeah I snagged a bunch as well, if he pays I make another 30 or so btc.
assbot: [GLBSE] [BDT] 150 @ 1 = 150 BTC [+]
Doffx: If not, well.. I lose everything.
DiabloD3: Obsi: ahh, so Ill just go edit this
Obsi: hmm... that's not counting the 1MHS shares
Obsi: so more actually
DiabloD3: Obsi: write a perl script =P
Obsi: DiabloD3: 7.759 counting the 1MHS bonds
DiabloD3: glee
kakobrekla: updates
DiabloD3: dmc is 5.50mh/share
kakobrekla: !ticker s.mpoe
assbot: [MPEX:S.MPOE] 1day: 0.0003563 / 0.00038189 / 0.0003965 (2125718 shares, 811.80 BTC), 30day: 0.0001 / 0.00035454 / 0.0003965 (41764690 shares, 14,807.45 BTC)
kakobrekla: mircea_popescu ^^
mircea_popescu: aaaa
mircea_popescu: that's liovely!
mircea_popescu: !ticker S.BVPS
assbot: [MPEX:S.BVPS] 1day: 0.00376575 / 0.00377829 / 0.003801 (1300 shares, 4.91 BTC), 30day: 0.001175 / 0.00308933 / 0.00435 (79028 shares, 244.14 BTC)
mircea_popescu: sweet.
assbot: [GLBSE] [TEEK.B] 1 @ 1 BTC [+]
assbot: [GLBSE] [ASICMINER] 13 @ 0.09 = 1.17 BTC [-]
assbot: [GLBSE] [ASICMINER] 5 @ 0.0899 = 0.4495 BTC [-]
assbot: [GLBSE] [BDT] 3 @ 1.0001 = 3.0003 BTC [+]
assbot: [GLBSE] [BDT] 97 @ 1 = 97 BTC [-]
mircea_popescu: thanks a lot kakobrekla :D
mircea_popescu: !ticker O.BTCUSD.P200T
assbot: [MPEX:O.BTCUSD.P200T] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.49513636 / 0.65385299 / 1.02790394 (11000 shares, 7,192.38 BTC)
assbot: [GLBSE] [NYAN.C] 2 @ 0.986 = 1.972 BTC [+]
mircea_popescu: ;;ticker
gribble: Best bid: 8.02341, Best ask: 8.09, Bid-ask spread: 0.06659, Last trade: 8.09998, 24 hour volume: 217452, 24 hour low: 7.58, 24 hour high: 11.95
assbot: [GLBSE] [NYAN.C] 3 @ 0.986 = 2.958 BTC [+]
mircea_popescu: sooo... pirate has officially run out of bitcoins, that right ?
kakobrekla: umm
assbot: [MPEX] [S.MPOE] 2990 @ 0.00039193 = 1.1719 BTC [+]
assbot: [MPEX] [S.MPOE] 29700 @ 0.0003935 = 11.687 BTC [+]
assbot: [MPEX] [S.MPOE] 26210 @ 0.00039606 = 10.3807 BTC [+]
kakobrekla: even if he is manipulating the price
kakobrekla: the trick is he must only trigger the downfall
kakobrekla: not keep it going
assbot: [GLBSE] [FPGAMINING] 5 @ 0.92 = 4.6 BTC [-]
mircea_popescu: well, we're in the red two days of 200k each
assbot: [GLBSE] [CPA] 5 @ 0.08 = 0.4 BTC [-]
nefario: crashing the price to be able to buy them back cheaper
nefario: isn't that very much 1 step back 1&1/2 forward?
mircea_popescu: yes.
mircea_popescu: im pretty sure if you have 200k and want 300k, if you firesale your 200k the 300k will cost more than what 100k would have cost.
dub: or the market is just correcting the price to last months value
mircea_popescu: and you'll end up with a higher price in the end.
mircea_popescu: dub maybe
dub: combined with a shitload of already jumpy pirate investors panicing
mircea_popescu: pirate investoers by that very definition have no btc to sell.
nefario: "investors"
nefario: gamblers
mircea_popescu: the logical explanation here is : pirate is cashing out, by monday his wires have gone through
mircea_popescu: and the "investors" can shoto themselves
dub: whatever, some have been cashing out of ppts for a while
mircea_popescu: which really, they prolly should do in that circumstance.
mircea_popescu: ppts aren't much.
Doffx: I dont think pirate is cashing out anything
dub: ^
Doffx: I think he paid investors and they are cashing out
mircea_popescu: possible.
Doffx: Makes more sense anyhow
assbot: [GLBSE] [BLUECHIP] 4 @ 0.1 = 0.4 BTC
assbot: [GLBSE] [BLUECHIP] 15 @ 0.1 = 1.5 BTC
assbot: [GLBSE] [BLUECHIP] 4 @ 0.1 = 0.4 BTC
assbot: [GLBSE] [BLUECHIP] 6 @ 0.1 = 0.6 BTC
assbot: [GLBSE] [BLUECHIP] 75 @ 0.1 = 7.5 BTC
assbot: [GLBSE] [BLUECHIP] 20 @ 0.1 = 2 BTC
nefario: aha
assbot: [GLBSE] [FPGAMINING] 9 @ 0.92 = 8.28 BTC [-]
dub: wtf is bluechip
nefario: he's finally figured out where the sell button is
assbot: [GLBSE] [BIB.PIRATE] 3 @ 0.6001 = 1.8003 BTC [-]
assbot: [GLBSE] [BIB.PIRATE] 20 @ 0.6 = 12 BTC [-]
assbot: [GLBSE] [BIB.PIRATE] 33 @ 0.531 = 17.523 BTC [-]
rg: oh sweet
rg: assbot does mpex
rg: !ticker s.bps
rg: !ticker s.bvps
assbot: Invalid ticker.
assbot: [MPEX:S.BVPS] 1day: 0.00376575 / 0.00377829 / 0.003801 (1300 shares, 4.91 BTC), 30day: 0.001175 / 0.00308933 / 0.00435 (79028 shares, 244.14 BTC)
gabbynot: nefario: any assets on glbse that take advantage of shorting BTC?
nefario: I don't know
assbot: [GLBSE] [BDT] 171 @ 1 = 171 BTC [-]
nefario: I'm not a trader
mircea_popescu: rg yep
nefario: but we're going to be adding curreny and margin
Doffx: We missed that chance, shorting any mining stock except Cognatus would have been huge profit!
teek: gabbynot: TEEK.USD
gabbynot: thx
assbot: [GLBSE] [FPGAMINING] 4 @ 0.9001 = 3.6004 BTC [-]
assbot: [GLBSE] [FPGAMINING] 3 @ 0.9 = 2.7 BTC [-]
assbot: [GLBSE] [FPGAMINING] 15 @ 0.87 = 13.05 BTC [-]
assbot: [GLBSE] [FPGAMINING] 10 @ 0.8612001 = 8.612 BTC [-]
assbot: [GLBSE] [FPGAMINING] 4 @ 0.861 = 3.444 BTC [-]
assbot: [GLBSE] [FPGAMINING] 50 @ 0.85 = 42.5 BTC [-]
dust-otc: gabbynot: TEEK.USD
gabbynot: not a ton of volume there, tho
assbot: [GLBSE] [BIF.P2P.LOANS] 1 @ 0.1 BTC
assbot: [GLBSE] [BDT] 2 @ 1 = 2 BTC [-]
dust-otc: gabbynot: very true
mircea_popescu: there's always options.
gabbynot: i'm thinking we're hitting the 5's soon…maybe later tonight….so much panic right now
gabbynot: don't want to sell my BTC, just want to hedge
dust-otc: bluechip looks a pretty shady asset
dust-otc: you can buy at .1 and sell at .05
mircea_popescu: gabbynot well that's exactly it.
dust-otc: and 1 million shares offered
assbot: [GLBSE] [COGNITIVE] 1 @ 0.6795 BTC [+]
assbot: [GLBSE] [COGNITIVE] 13 @ 0.6796 = 8.8348 BTC [+]
assbot: [GLBSE] [COGNITIVE] 6 @ 0.6797 = 4.0782 BTC [+]
assbot: [GLBSE] [COGNITIVE] 1 @ 0.6798 BTC [+]
assbot: [GLBSE] [COGNITIVE] 20 @ 0.6849 = 13.698 BTC [+]
assbot: [GLBSE] [COGNITIVE] 5 @ 0.6998 = 3.499 BTC [+]
assbot: [GLBSE] [COGNITIVE] 44 @ 0.73 = 32.12 BTC [+]
gabbynot: any ideas mircea?
assbot: [GLBSE] [ASICMINER] 20 @ 0.0999 = 1.998 BTC [+]
kakobrekla: o asicminer below ipo
mircea_popescu: gabbynot options work exactly to hedge, not to sell your underlying.
mircea_popescu: buy some puts.
gabbynot: where?
assbot: [GLBSE] [BLUECHIP] 1 @ 0.1 BTC
mircea_popescu: http://polimedia.us/mpex
assbot: [GLBSE] [TEEK.B] 3 @ 1.2449 = 3.7347 BTC [+]
assbot: [GLBSE] [TEEK.B] 17 @ 1.245 = 21.165 BTC [+]
gabbynot: never traded there, just glbse…thanks for the info, tho
mircea_popescu: np.
nefario: options will be on all GLBSE assets by the end of next week
Gladamas: thanks nefario!
dub: nefario: are you doing anythign to fix performance?
nefario: drinking tea
nefario: but seriously
nefario: yes
nefario: tomorrow there will be an update to charts
nefario: which will help a lot
dub: cool
assbot: [GLBSE] [TYGRR.BOND-P] 8 @ 0.85 = 6.8 BTC [-]
nefario: then 2 days later a rollout of new charts and public API
Gladamas: cool thanks
kakobrekla: nefario, btw
usagi: sounds exciting
kakobrekla: we noticed some trades in the past
kakobrekla: were not echoed on the twitter
kakobrekla: (and assbot)
nefario: how far in the past?
kakobrekla: the last big purchase of asicminer
kakobrekla: ipo offer
nefario: hmmm
nefario: I've no idea why that was the case
mircea_popescu: kakobrekla i had the same problem. thing is twitter won't repeat messages
assbot: [GLBSE] [CBGB] 5 @ 0.5 = 2.5 BTC [+]
mircea_popescu: if you have two orders of 5 at 5, it only puts in the first.
nefario: ah
nefario: cunts
kakobrekla: well timestamp in the tweet should help that
nefario: they're getting very stingy with their platform
kakobrekla: maybe use microtime instead
kakobrekla: but i dont think that was the issue here
EskimoBob: "DiabloD3 | what do I do with the other several dozen racks other than rent them out for $20k/mo" and what was the price I quoted for you DiabloD3 ?
kakobrekla: afaik it was 1 big order
EskimoBob: you can make a shit load of money right now
kakobrekla: and a wild guess is glbse gaged out?
kakobrekla: well hm
kakobrekla: nevermind
kakobrekla: size of the order
kakobrekla: shouldnt do anything with the gaging out
Anduck: nefario should make IPO on GLBSE itself, for example to gather money to improve it
kakobrekla: since it was 1 ipo ask
kakobrekla: meh
assbot: [GLBSE] [BDT] 2 @ 1.085 = 2.17 BTC [+]
kakobrekla: nefario, switch from time to microtime for nwo
kakobrekla: now
assbot: [GLBSE] [SILVER] 6 @ 0.00999999 = 0.06 BTC [+]
kakobrekla: also dividend payout are still not twittin
nefario: thats coming
kakobrekla: in 2 weeks 4 weeks ago :p
assbot: [GLBSE] [HYDRO.BONDS] 1 @ 1.8899 BTC [+]
nefario: after backend changes
nefario: which are done tomorrow
assbot: [GLBSE] [PUREMINING] 1 @ 0.13899999 BTC [+]
assbot: [GLBSE] [MOVETO.FUND] 1 @ 1.15 BTC [-]
assbot: [MPEX] [O.BTCUSD.C060N] 1 @ 0.49762207 BTC [-]
kakobrekla: !ticker B.MPCD.A
kakobrekla: !ticker B.MPCD.B
assbot: [MPEX:B.MPCD.A] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.001 / 0.00369672 / 1.003 (371600 shares, 1,373.70 BTC)
kakobrekla: !ticker B.MPCD.C
assbot: [MPEX:B.MPCD.B] 1day: 0.001008 / 0.001008 / 0.001008 (25000 shares, 25.20 BTC), 30day: 0.001 / 0.00100049 / 0.001008 (426500 shares, 426.71 BTC)
assbot: [GLBSE] [BBBB] 250 @ 0.00028 = 0.07 BTC [+]
assbot: [MPEX:B.MPCD.C] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.001 / 0.00100345 / 0.0010223 (414200 shares, 415.63 BTC)
assbot: [GLBSE] [COGNITIVE] 1 @ 0.75 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 16 @ 0.85 = 13.6 BTC [-]
kakobrekla: 30day: 0.001 / 0.00369672 / 1.003
kakobrekla: O_O
mircea_popescu: what ?
assbot: [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+]
assbot: [GLBSE] [GIGAMINING] 4 @ 1.0385 = 4.154 BTC [+]
assbot: [GLBSE] [GIGAMINING] 6 @ 1.0386 = 6.2316 BTC [+]
mircea_popescu: o, yeah. i think right after my initial offerings sold somebody put one up at like, crazy price, trying to get people confused as to value.
assbot: [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+]
kakobrekla: heh
assbot: [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+]
mircea_popescu: ;;ticker
gribble: Best bid: 7.99999, Best ask: 8, Bid-ask spread: 0.00001, Last trade: 8, 24 hour volume: 221854, 24 hour low: 7.58, 24 hour high: 11.91
mircea_popescu: i'd say this is catastrophic drops never before seen in btc
mircea_popescu: not even during the great $30 crash did it go this fast.
assbot: [GLBSE] [OBSI.HRPT] 15 @ 0.1 = 1.5 BTC [+]
rg: yep
rg: lost over 50% in 3 days
mircea_popescu: good that we're young enough to still set records hehe
mircea_popescu: otherwise this will be known as the flash crash of august.
mircea_popescu: dark friday etc.
rg: what i dont understand is
rg: everyone was bitching that the price was so high
rg: now its low
rg: and no one is buying
assbot: [GLBSE] [GIGAMINING] 1 @ 1.0386 BTC [+]
mircea_popescu: rg eh forget it, peoplebitching. people bitch.
mircea_popescu: doesn't mean anything.
mircea_popescu: was the same exact thing back whern it was 2. when i joined and btc was 15 people were whinign that they don't want to pay money so the early adopters benefit.
mircea_popescu: none of those put money in when it was 2.
rdponticelli: We're also on a weekend...
assbot: [GLBSE] [ASICMINER] 1 @ 0.0999 BTC [+]
mircea_popescu: if it stayed at 15 now, in two weeks you'd ehar how unfair it is they can't put money in
rdponticelli: Money starts flowing in again in a couple of hours, if it does...
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 16 @ 0.85 = 13.6 BTC [-]
gabbynot: a flood of BTC will hit the markets this week assuming pirate pays everyone. We'll see $5 soon
mircea_popescu: i wouldnt mind it being 2 again lol.
mircea_popescu: buy some more.
rdponticelli: Yeas, it's possible
mircea_popescu: somebody was saying earlier, it's not pirate selling, its the people he repaid.
rdponticelli: If pirate pays, most of his lenders are cashing out like crazy...
mircea_popescu: this may be quite correct really.
assbot: [GLBSE] [COGNITIVE] 4 @ 0.75 = 3 BTC [+]
gabbynot: panic breeds panic
rdponticelli: Yes, most speculators who just entered because the high interest rates
gabbynot: yep, they'll want to cash out
assbot: [GLBSE] [OBSI.HRPT] 65 @ 0.1 = 6.5 BTC [+]
rdponticelli: Well, now the btc will be free to be used for people really caring
assbot: [GLBSE] [GIGAMINING] 1 @ 1.0386 BTC [+]
gabbynot: second bubble taking us to $2 would do serious damage to BTC's image
assbot: [GLBSE] [SYNERGY] 10 @ 0.189 = 1.89 BTC [+]
assbot: [GLBSE] [ASICMINER] 4 @ 0.0999 = 0.3996 BTC [+]
assbot: [GLBSE] [ASICMINER] 41 @ 0.1 = 4.1 BTC [+]
rdponticelli: Yes, something like that wouldn't look good
mircea_popescu: gabbynot btc does not care.
rg: [18:15] <rdponticelli> If pirate pays, most of his lenders are cashing out like crazy...
rg: WHY
mircea_popescu: rg roundtrip theory.
rg: those poeple have left thousands of dollars with pirate
rg: why would thye all of a sudden sell
rg: they wouldnt
rg: they will look for other ways to make money with thier btc
mircea_popescu: ya they would.
rg: like they were with priate
rg: pirate*
mircea_popescu: with some of it, yea
mircea_popescu: but prolly principal goes back into bank./
mircea_popescu: peopel are slow to board.
rdponticelli: rg: because a lot of them was just speculators brought in by the high interest rate
assbot: [GLBSE] [PAJKA.BOND] 11 @ 0.074 = 0.814 BTC [-]
mircea_popescu: guy gets 1000 btc for i dunno, 5usd
mircea_popescu: puts it with pirate, makes 1440 btc
mircea_popescu: sells 1k btc for ~7k usd
mircea_popescu: the other 440 is play money
mircea_popescu: expect a lot of scam assets to be propped up with a deluge of easy money.
gabbynot: exactly
rg: well
assbot: [GLBSE] [USD] 10 @ 0.155 = 1.55 BTC [+]
rg: we have to wait for it to hit the floor
assbot: [GLBSE] [USD] 5 @ 0.15553 = 0.7777 BTC [+]
rg: and it hasnt yet
rdponticelli: It would be a long week
mircea_popescu: maybe not.
gabbynot: question is….what's the floor?
assbot: [GLBSE] [PAJKA.BOND] 4 @ 0.0743 = 0.2972 BTC [+]
mircea_popescu: actually it could go as low as cents i think.
gabbynot: yes…very long week
rdponticelli: The new best interest rate would be around 2 or 3%...
mircea_popescu: rdponticelli mpoe pays 5% a month.
rdponticelli: The floor can be really low
rdponticelli: Yes, I know
mircea_popescu: that's like 1.25 a week
mircea_popescu: 1.20 even
rdponticelli: I have some coins with you, remember?
mircea_popescu: o you do ?
assbot: [GLBSE] [PAJKA.BOND] 1 @ 0.07899999 BTC [+]
mircea_popescu: i don't keep track of ppl liek that :p
rdponticelli: lol
mircea_popescu: anonimity ftw!
rdponticelli: I found couple of bugs
rdponticelli: lol
mircea_popescu: now that i remember.
rdponticelli: I don't care about anonimity
rdponticelli: I can make everything I do in the clear
rg: im thinking the floor is $5
rg: once it hits $5, lots of people will be buying
rg: that's hwy the market is slow now, people wanna see where the bottom is
mircea_popescu: it might be 1.x or 2.x
rdponticelli: rg: also the banks are closed
mircea_popescu: yeah the timing of it got many people into knots im sure.
mircea_popescu: collapse hit friday evening lol
assbot: [MPEX] [S.MPOE] 6200 @ 0.00039578 = 2.4538 BTC [-]
rg: meh anyone who got burned
assbot: [MPEX] [O.HASH.C10TH] 150000 @ 0.0000264 = 3.96 BTC [-]
assbot: [GLBSE] [BTCMC] 4 @ 0.69001 = 2.76 BTC [+]
rg: its their own fault
rg: if you dont leave money to play around with
rg: you're still limited to 3 days
rg: for bank transfer
mircea_popescu: they prolly exausted all that.
rg: so it doesnt change anything
mircea_popescu: people don't leave much money to play with cause of perceived risk
mircea_popescu: mtgox had a hack. th went down
mircea_popescu: etc.
rdponticelli: rg: yes, the flows got cut on weekends
rdponticelli: There's always a dip
assbot: [GLBSE] [FPGAMINING] 4 @ 0.9099 = 3.6396 BTC [+]
assbot: [GLBSE] [GIGAMINING] 4 @ 0.9502 = 3.8008 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8789 = 3.5156 BTC [+]
assbot: [GLBSE] [GIGAMINING] 6 @ 0.9501 = 5.7006 BTC [-]
assbot: [GLBSE] [PUREMINING] 15 @ 0.1061 = 1.5915 BTC [-]
assbot: [GLBSE] [PUREMINING] 5 @ 0.106 = 0.53 BTC [-]
assbot: [GLBSE] [PUREMINING] 1 @ 0.1052 BTC [-]
assbot: [GLBSE] [PUREMINING] 2 @ 0.105 = 0.21 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8789 = 3.5156 BTC [+]
assbot: [GLBSE] [PUREMINING] 1 @ 0.1 BTC [-]
assbot: [GLBSE] [PUREMINING] 10 @ 0.1 = 1 BTC [-]
assbot: [MPEX] [F.PURE.SYNTH] 120000 @ 0.0001341 = 16.092 BTC [-]
assbot: [GLBSE] [COGNITIVE] 5 @ 0.6501 = 3.2505 BTC [-]
assbot: [GLBSE] [COGNITIVE] 3 @ 0.65 = 1.95 BTC [-]
assbot: [GLBSE] [YABMC] 4 @ 0.1201 = 0.4804 BTC [-]
assbot: [GLBSE] [FPGAMINING] 2 @ 0.91 = 1.82 BTC [+]
assbot: [GLBSE] [PUREMINING] 2 @ 0.09 = 0.18 BTC [-]
assbot: [GLBSE] [NYAN.B] 1 @ 1 BTC [-]
assbot: [GLBSE] [NYAN.C] 3 @ 0.986 = 2.958 BTC [+]
assbot: [GLBSE] [NYAN.C] 1 @ 0.987 BTC [+]
assbot: [GLBSE] [BTCMC] 4 @ 0.6901 = 2.7604 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 5 @ 0.85 = 4.25 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.8 BTC [-]
assbot: [GLBSE] [OBSI.HRPT] 92 @ 0.1 = 9.2 BTC [+]
assbot: [GLBSE] [ZETA-MINING] 5 @ 0.18399 = 0.92 BTC [+]
assbot: [GLBSE] [BTCMC] 4 @ 0.6901 = 2.7604 BTC [+]
assbot: [GLBSE] [GMVT-BOT] 50 @ 0.1 = 5 BTC [+]
assbot: [GLBSE] [NYAN.C] 1 @ 0.987 BTC [+]
assbot: [GLBSE] [NYAN.C] 9 @ 0.989 = 8.901 BTC [+]
assbot: [GLBSE] [BIB.PIRATE] 4 @ 0.7499 = 2.9996 BTC [+]
assbot: [GLBSE] [BIB.PIRATE] 15 @ 0.75 = 11.25 BTC [+]
agath: bitcoins sent in last 24h => 5.593.367!!!! :-O
mircea_popescu: sent where ?
agath: and network hashrate => 21TH/s!
MadSweeney: O.O
assbot: [GLBSE] [BFLS] 1 @ 1 BTC [-]
agath: it's the sum of all the transactions in the last 24hrs
agath: so I don't know where, I didn't make a statistic
assbot: [GLBSE] [YABMC] 4 @ 0.1299 = 0.5196 BTC [+]
assbot: [GLBSE] [YABMC] 51 @ 0.13 = 6.63 BTC [+]
assbot: [GLBSE] [YABMC] 3 @ 0.1329 = 0.3987 BTC [+]
assbot: [MPEX] [S.MPOE] 30474 @ 0.00039009 = 11.8876 BTC [-]
assbot: [GLBSE] [SS] 3 @ 1.8 = 5.4 BTC [+]
assbot: [GLBSE] [TEEK.USD] 40 @ 0.0899 = 3.596 BTC [+]
assbot: [GLBSE] [BITBOND] 9 @ 0.3099 = 2.7891 BTC [-]
assbot: [GLBSE] [FOO.PPPPT] 3 @ 0.85 = 2.55 BTC [+]
assbot: [MPEX] [S.MPOE] 6226 @ 0.00038562 = 2.4009 BTC [-]
assbot: [MPEX] [S.MPOE] 12800 @ 0.00039151 = 5.0113 BTC [+]
assbot: [MPEX] [S.MPOE] 20437 @ 0.00039578 = 8.0886 BTC [+]
assbot: [GLBSE] [OBSI.HRPT] 2 @ 0.1 = 0.2 BTC [+]
kakobrekla: anyone wants to break this http://smpake.com/etc/insta/
mircea_popescu: interesting kakobrekla
mircea_popescu: anyone know how you obtain the results of gpg --clearsign from kleopatra ?
assbot: [GLBSE] [BITCOINMINV] 100 @ 0.115 = 11.5 BTC [-]
assbot: [GLBSE] [JAH] 1 @ 0.13 BTC [+]
assbot: [GLBSE] [DMC] 1 @ 0.054 BTC [+]
assbot: [GLBSE] [BITCOINMINV] 3 @ 0.1219999 = 0.366 BTC [+]
assbot: [GLBSE] [BITCOINMINV] 47 @ 0.1219999 = 5.734 BTC [+]
assbot: [MPEX] [S.MPOE] 19300 @ 0.00039578 = 7.6386 BTC [+]
assbot: [GLBSE] [BITCOINMINV] 3 @ 0.1219999 = 0.366 BTC [+]
assbot: [GLBSE] [BITCOINMINV] 14 @ 0.12295 = 1.7213 BTC [+]
kakobrekla: ya
kakobrekla: not interesting enough for anyone to test it
kakobrekla: :(
assbot: [GLBSE] [BITCOINMINV] 8 @ 0.12297 = 0.9838 BTC [+]
assbot: [GLBSE] [NYAN.C] 3 @ 0.987 = 2.961 BTC [-]
assbot: [MPEX] [O.BTCUSD.C200N] 12 @ 0.0734357 = 0.8812 BTC [-]
assbot: [MPEX] [O.BTCUSD.C100N] 3 @ 0.21534865 = 0.646 BTC [-]
Gladamas: mircea_popescu: it puts it onto the clipboard
Gladamas: im pretty sure
mircea_popescu: Gladamas hm ?
assbot: [MPEX] [F.GIGA.ETF] 8700 @ 0.00093076 = 8.0976 BTC [+]
assbot: [MPEX] [F.GIGA.ETF] 8796 @ 0.00093319 = 8.2083 BTC [+]
assbot: [MPEX] [F.GIGA.ETF] 2904 @ 0.00093874 = 2.7261 BTC [+]
Gladamas: mircea_popescu: what?
Gladamas: <mircea_popescu> anyone know how you obtain the results of gpg --clearsign from kleopatra ?
mircea_popescu: ya well hum. im terying to help someone remotely and it's not looking to great
mircea_popescu: hope to avoid installing kdm ;/
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.8699 = 1.7398 BTC [+]
Gladamas: ah hmm
mircea_popescu: currently i am getting something that LOOKS like the right thing
mircea_popescu: Detached signature.
mircea_popescu: but gpg dies saying that.
mircea_popescu: any ideea where the exact click has to go in the gui so that it doesn't do that, but instead makes a proper clearsigned document ?
assbot: [GLBSE] [BITBOND] 6 @ 0.3701 = 2.2206 BTC [+]
Gladamas: idk sorry
assbot: [GLBSE] [TYGRR.BOND-P] 3 @ 0.8001 = 2.4003 BTC [-]
assbot: [GLBSE] [USD] 5 @ 0.1611 = 0.8055 BTC [+]
assbot: [GLBSE] [BITBOND] 1 @ 0.3799 BTC [+]
assbot: [GLBSE] [YABMC] 2 @ 0.1349 = 0.2698 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 1 @ 0.999 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 2 @ 1 = 2 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 46 @ 1 = 46 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 122 @ 1 = 122 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 1 @ 1 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-PI] 45 @ 1 = 45 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-B] 1 @ 0.1002 BTC [+]
assbot: [GLBSE] [MMM] 3 @ 0.6 = 1.8 BTC [-]
assbot: [GLBSE] [MMM] 1 @ 0.7 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.8699 = 1.7398 BTC [+]
mircea_popescu: kakobrekla i've tried it you know.
kakobrekla: :)
kakobrekla: i think i can go public with this
assbot: [GLBSE] [BITCOINMINV] 25 @ 0.115 = 2.875 BTC [-]
kakobrekla: just bump the fee up
kakobrekla: and limits
assbot: [GLBSE] [YABMC] 1 @ 0.1349 BTC [+]
mircea_popescu: does it work ?
mircea_popescu: cool!
assbot: [MPEX] [S.MPOE] 32400 @ 0.00038144 = 12.3587 BTC [-]
kakobrekla: yup
kakobrekla: zipconf didnt manage to handle what kakobrekla handles in a few hours :p
mircea_popescu: lolz
mircea_popescu: its how it goes.
rdponticelli: kakobrekla: So, can you handle zip.a?
rdponticelli: :D
kakobrekla: umm zipconf is the zip.a?
kakobrekla: i got whippin 15btc of funds for this on gox
rdponticelli: Yes. zip.a is the bond that zipconf released...
kakobrekla: to back the heavy traffic im getting
kakobrekla: hehe
rdponticelli: lol
rdponticelli: Well, you're just starting
kakobrekla: whats a fair fee for this
rdponticelli: But I have no doubt you'll make it better than zipconf...
kakobrekla: nanotube charges 1% for manual afaik
kakobrekla: as far as i can see its already better since its has at least one working function
kakobrekla: but yeah i wont brang with this now
mircea_popescu: lolz!
kakobrekla: lol
kakobrekla: brag*
assbot: [GLBSE] [CPA] 1 @ 0.10098 BTC [+]
assbot: [GLBSE] [BTCS] 76 @ 0.011 = 0.836 BTC [+]
assbot: [MPEX] [S.MPOE] 5963 @ 0.00039578 = 2.36 BTC [+]
assbot: [MPEX] [S.MPOE] 42300 @ 0.00039606 = 16.7533 BTC [+]
assbot: [MPEX] [S.MPOE] 7996 @ 0.00039606 = 3.1669 BTC [+]
MadSweeney: no! the btc price is go back up. mpex fee is getting less cheaper. heh
MadSweeney: *going
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.8001 = 1.6002 BTC [-]
kakobrekla: ;;ticker
gribble: Best bid: 9.00147, Best ask: 9.05, Bid-ask spread: 0.04853, Last trade: 9.05, 24 hour volume: 255369, 24 hour low: 7.58, 24 hour high: 11.56192
assbot: [GLBSE] [TYGRR.BOND-PI] 32 @ 1 = 32 BTC [+]
mircea_popescu: ok, i got the earth shattering announcement of the year i think.
mircea_popescu: http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE
mircea_popescu: satoshidice is going up for ipo, you can put bids in. shares will go out starting on the 24th midnight gmt.
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.8002 BTC [+]
rg: bout fucking time
rg: mircea took some god damn initiative
rg: and got some more people luisted
assbot: [MPEX] [O.BTCUSD.P130T] 10 @ 0.43777349 = 4.3777 BTC [+]
assbot: [MPEX] [O.BTCUSD.P120T] 10 @ 0.32694476 = 3.2694 BTC [+]
assbot: [MPEX] [O.BTCUSD.P110T] 10 @ 0.21611603 = 2.1612 BTC [+]
mircea_popescu: rg the thing is huge.
mircea_popescu: you should see their prospectus. did you know they do 2/3 OF ALL BTC TRANSACTIONS ?
assbot: [MPEX] [O.BTCUSD.P100T] 10 @ 0.12611388 = 1.2611 BTC [+]
assbot: [MPEX] [O.BTCUSD.C110N] 1 @ 0.17498433 BTC [-]
assbot: [GLBSE] [OBSI.HRPT] 2 @ 0.1 = 0.2 BTC [+]
assbot: [GLBSE] [ASICMINER] 2 @ 0.08120001 = 0.1624 BTC [-]
rg: shrug
rg: what do they even need to invest for
rg: their costs must be close to 0
mircea_popescu: apparently, print campaign in euro magazines
mircea_popescu: which actually would be great for btc.
rg: Tired of not being able to manipulate the stock market cause of market guidelines?
rg: Then you need BITCOIN
mircea_popescu: ehehe
mircea_popescu: MadSweeney haha it's pretty cheap already neh ? :D
assbot: [GLBSE] [OBSI.HRPT] 100 @ 0.1 = 10 BTC [+]
MadSweeney: i could sure use options for hedging my BTCPHP exchange service
mircea_popescu: it cant possibly not be worth it for you then
assbot: [MPEX] [F.GIGA.ETF] 1296 @ 0.00093874 = 1.2166 BTC [+]
Doffx: I think you should open up sign-ups again for the site.
Doffx: How about a discount window at 5BTC to join
Doffx: I want to use Mpex hehe
mircea_popescu: :D
assbot: [MPEX] [S.MPOE] 44700 @ 0.00039183 = 17.5148 BTC [-]
assbot: [MPEX] [S.MPOE] 4720 @ 0.00039347 = 1.8572 BTC [+]
assbot: [MPEX] [S.MPOE] 5340 @ 0.00039606 = 2.115 BTC [+]
mircea_popescu: actually the fee was scheduled to go to 50 btc once volume passes 50k
Doffx: I still understand how to use the option you have listed yet, I need an example of someone placing an actual order with instruments you have listed.
mircea_popescu: i passed on that because btc had gone to 15, but if it stays at 7 im prolly going to do it.
mircea_popescu: doffx you mean the gpg part is the problem ?
Doffx: No that part is easy
mircea_popescu: ok. then ?
Doffx: I just get what your doing with the option yet
Doffx: For example if I bought 5 O.BTCUSD.C010 at the 24 hour rate
Doffx: When it ends what would I get right now
mircea_popescu: what do you mean at the 24 hour rate.
mircea_popescu: nono. all options expire on the last friday of their month
mircea_popescu: currently T expire on 31th of august
mircea_popescu: N on 28th of september.
Doffx: Ok, so is possible to purchase a call say today
Doffx: And when it expires what exactly does that mean
Doffx: Remember im completly new to options and im sorry if my lack of understanding is frustrating :)
Doffx: If I dont ask any questions ill never get it though.
mircea_popescu: ok, np.
mircea_popescu: so, you buy 1 O.BTCUSD.C050T.
mircea_popescu: at any point up until the 31st of august the value of this option is current btc price - 5 / current btc price.
mircea_popescu: so if price is say 12. value is 12 - 5 / 12 = 0.58333 btc
mircea_popescu: say price is 6. 6 - 5 / 6 = 0.16666
mircea_popescu: say price is 45. 45 - 5 / 45 = 0.8888
mircea_popescu: and so on.
assbot: [MPEX] [S.MPOE] 19354 @ 0.00039606 = 7.6653 BTC [+]
assbot: [MPEX] [S.MPOE] 37846 @ 0.0003963 = 14.9984 BTC [+]
mircea_popescu: puts go the other way, strike - price / price.
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.8001 = 3.2004 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 56 @ 0.8 = 44.8 BTC [-]
sgnb: where do you take cuurent price? mtgox?
mircea_popescu: that make any sense ?
mircea_popescu: current price is published by bitcoincharts, as the 24 hour average
Doffx: yes that did, that seems like a pretty safe bet though
mircea_popescu: http://bitcoincharts.com/markets/currencies/ here
mircea_popescu: scroll down a little.
Doffx: how do you lose on that?
mircea_popescu: well if it goes the right way you win, if it goes the wrong way you lose.
mircea_popescu: you can never lose more than what you paid tho, which is the great appeal of options.
mircea_popescu: there's no forced liquidations etc.
assbot: [MPEX] [S.MPOE] 24200 @ 0.00038303 = 9.2693 BTC [-]
BTC-Mining: so the loss/win is proportional to price change?
Doffx: Im still confused on a couple parts
mircea_popescu: BTC-Mining well, the further in the money an option is the less selective it is. most gain is for close and out of money options.
mircea_popescu: Doffx shoot
Doffx: Trying to come up with the right question.
BTC-Mining: I don't get it at all
Doffx: Ok using the example you gave
BTC-Mining: What's the difference it makes over just selling/buying BTC?
mircea_popescu: BTC-Mining say price is 10. a C110T is worth very little.
BTC-Mining: aye
Doffx: I see that I can currently buy in at 0.54356433 someone selling 1000
mircea_popescu: if price moves to say 15, the C110T is now worth 4/15 which is significant. it went up maybe 1000%
mircea_popescu: Doffx that's the bot.
mircea_popescu: BTC-Mining on the other hand, a C020T moves little in value over the same 11 - 15 price change.
BTC-Mining: Sounds kind of like leveraged trading...
mircea_popescu: well it can be used that way.
mircea_popescu: there's a forum link which goesthrough strategies, did i ever give you it ?
BTC-Mining: not sure, but I don't really want to try options or pay the fee for mpex
mircea_popescu: hehe well then k.
Doffx: Id pay the fee if I could figure out how exactly its going to benefit me.
mircea_popescu: well point in case Doffx :
mircea_popescu: lemme look in the logs
Doffx: The last part helped me, now I just dont understand if I purchase at that price what it does
mircea_popescu: Aug 19 14:11:12 <assbot> [MPEX] [O.BTCUSD.P100T] 1000 @ 0.07120175 = 71.2018 BTC [+]
mircea_popescu: how much does P100T sell for now ?
Doffx: 0.06233950
mircea_popescu: mno
assbot: [GLBSE] [TYGRR.BOND-PI] 12 @ 1 = 12 BTC [+]
mircea_popescu: O.BTCUSD.P100T 0.12878070
mircea_popescu: .py (0.12878070 - 0.0712017) * 1000
markac: 57.579
mircea_popescu: that guy made 57btc.
Doffx: Where did you get the .128 from?
Doffx: Oh duh I picked T
mircea_popescu: from the page. search on it for O.BTCUSD.P100T
mircea_popescu: .py 57.579 / 71.2018
markac: 0.808673376235
mircea_popescu: that's an 80% profit in what, 12 hours ?
assbot: [MPEX] [S.MPOE] 10854 @ 0.0003963 = 4.3014 BTC [+]
assbot: [MPEX] [S.MPOE] 29463 @ 0.0003965 = 11.6821 BTC [+]
Doffx: Ok I looked at C
mircea_popescu: yea
mircea_popescu: C went to shit cause price went down. when price goes up C is good P is bad. when price goes down the reverse.
assbot: [GLBSE] [MMM] 6 @ 0.7 = 4.2 BTC [+]
mircea_popescu: and for all the hee-hawing there's absolutely no other place to make 50 bitcoin.
mircea_popescu: sure, you can futz around make 10% over 10 btc or whatever.
mircea_popescu: takes 50 of those.
BTC-Mining: I made 40 BTC trading on MtGox with 320 BTC recently =/
BTC-Mining: Only 12.5% profit
mircea_popescu: myea. of course this means things can also go badly fast, so it's a mixed blessing.
MadSweeney: if I had bought that P100T option, I've hedged the 100 btc I purchased @ $12 last week
mircea_popescu: MadSweeney that'd work yea. ideally options are used to hegde, not to try and shoot the 80% return.
mircea_popescu: these rarely work.
Doffx: Ok its starting to come together now
MadSweeney: I'm sold. I need this for my btc business
mircea_popescu: do you know about pympex ?
MadSweeney: the python script for mpex interface?
mircea_popescu: yeah. makes things easier
mircea_popescu: well, if you have python at least.
assbot: [MPEX] [F.GIGA.ETF] 4200 @ 0.00096367 = 4.0474 BTC [+]
assbot: [GLBSE] [BDT] 1 @ 1.01 BTC [-]
assbot: [GLBSE] [BDT] 56 @ 1 = 56 BTC [-]
Doffx: mircea_popescu, let me try and use this example and see if you can help me
mircea_popescu: sure.
Doffx: Right now there is a sell qty of 20
Doffx: at 0.19110000
Doffx: Lets says I bought that 20
mircea_popescu: yea
Doffx: And it expired on the 31st at 8.91 btc price
Doffx: How much do you make
mircea_popescu: 100 - 8.91 / 8.91 = 0.12233445
mircea_popescu: ;;ticker
gribble: Best bid: 8.87, Best ask: 8.9704, Bid-ask spread: 0.10040, Last trade: 8.87, 24 hour volume: 261515, 24 hour low: 7.58, 24 hour high: 11.199
Doffx: Maybe i'm not getting what this 0.19110000 correlates to.
assbot: [GLBSE] [BDT] 100 @ 1 = 100 BTC [-]
Doffx: Im seeing it as buying 20 at 3.822 btc
mircea_popescu: yea.
Doffx: Where is the 20 in that math I guess is the question
mircea_popescu: so you buy 20 at 19, for 3.822
mircea_popescu: and have 20 worth 1222 so 2.444
mircea_popescu: net loss ~1.4
Doffx: Ohh!!!
mircea_popescu: the price is 8.87 . if the price moves up (to 8.91 in your example) puts lose money.
gabbynot: ;;bids 8
gribble: Error: Failure to retrieve order book data. Try again later.
mircea_popescu: it's been borkt.
Doffx: Ok, lets see then.
Doffx: So I basically want to buy in and hope the price goes lower
mircea_popescu: if you think the price goes lower you buy puts
mircea_popescu: if you think it goes higher you buy calls
mircea_popescu: if you think it doesn't move you sell either/both.
assbot: [MPEX] [S.MPOE] 52700 @ 0.00039338 = 20.7311 BTC [-]
assbot: [MPEX] [S.MPOE] 7684 @ 0.00039338 = 3.0227 BTC [-]
assbot: [MPEX] [S.MPOE] 14116 @ 0.0003965 = 5.597 BTC [+]
assbot: [MPEX] [S.MPOE] 1617751 @ 0.0003965 = 641.4383 BTC [+]
assbot: [MPEX] [S.MPOE] 16268 @ 0.00039686 = 6.4561 BTC [+]
assbot: [MPEX] [S.MPOE] 48200 @ 0.00039691 = 19.1311 BTC [+]
assbot: [MPEX] [S.MPOE] 2700 @ 0.00039703 = 1.072 BTC [+]
assbot: [MPEX] [S.MPOE] 43200 @ 0.00039786 = 17.1876 BTC [+]
assbot: [MPEX] [S.MPOE] 18112 @ 0.00039851 = 7.2178 BTC [+]
assbot: [MPEX] [S.MPOE] 59908 @ 0.00039872 = 23.8865 BTC [+]
assbot: [MPEX] [S.MPOE] 7200 @ 0.00039896 = 2.8725 BTC [+]
assbot: [MPEX] [S.MPOE] 32838 @ 0.00039947 = 13.1178 BTC [+]
assbot: [MPEX] [S.MPOE] 22339 @ 0.00039974 = 8.9298 BTC [+]
assbot: [MPEX] [S.MPOE] 1629 @ 0.00039992 = 0.6515 BTC [+]
assbot: [MPEX] [S.MPOE] 53645 @ 0.00040003 = 21.4596 BTC [+]
assbot: [MPEX] [S.MPOE] 33500 @ 0.00040004 = 13.4013 BTC [+]
assbot: [MPEX] [S.MPOE] 5276 @ 0.00040044 = 2.1127 BTC [+]
assbot: [MPEX] [S.MPOE] 29600 @ 0.00040092 = 11.8672 BTC [+]
assbot: [MPEX] [S.MPOE] 5054 @ 0.00040109 = 2.0271 BTC [+]
assbot: [MPEX] [S.MPOE] 52197 @ 0.00040121 = 20.942 BTC [+]
assbot: [MPEX] [S.MPOE] 36800 @ 0.00040127 = 14.7667 BTC [+]
assbot: [MPEX] [S.MPOE] 20200 @ 0.00040128 = 8.1059 BTC [+]
assbot: [MPEX] [S.MPOE] 46600 @ 0.00040135 = 18.7029 BTC [+]
assbot: [MPEX] [S.MPOE] 54542 @ 0.00040151 = 21.8992 BTC [+]
assbot: [MPEX] [S.MPOE] 36600 @ 0.00040156 = 14.6971 BTC [+]
assbot: [MPEX] [S.MPOE] 6400 @ 0.00040164 = 2.5705 BTC [+]
assbot: [MPEX] [S.MPOE] 57000 @ 0.00040178 = 22.9015 BTC [+]
assbot: [MPEX] [S.MPOE] 29800 @ 0.00040179 = 11.9733 BTC [+]
assbot: [MPEX] [S.MPOE] 46258 @ 0.0004018 = 18.5865 BTC [+]
assbot: [MPEX] [S.MPOE] 29300 @ 0.00040215 = 11.783 BTC [+]
assbot: [MPEX] [S.MPOE] 48026 @ 0.00040237 = 19.3242 BTC [+]
assbot: [MPEX] [S.MPOE] 1100 @ 0.00040274 = 0.443 BTC [+]
assbot: [MPEX] [S.MPOE] 24300 @ 0.0004028 = 9.788 BTC [+]
assbot: [MPEX] [S.MPOE] 4012 @ 0.00040283 = 1.6162 BTC [+]
assbot: [MPEX] [S.MPOE] 56000 @ 0.0004033 = 22.5848 BTC [+]
assbot: [MPEX] [S.MPOE] 19700 @ 0.00040331 = 7.9452 BTC [+]
assbot: [MPEX] [S.MPOE] 7174 @ 0.00040349 = 2.8946 BTC [+]
assbot: [MPEX] [S.MPOE] 43179 @ 0.00040352 = 17.4236 BTC [+]
assbot: [MPEX] [S.MPOE] 11498 @ 0.00040385 = 4.6435 BTC [+]
assbot: [MPEX] [S.MPOE] 40400 @ 0.00040397 = 16.3204 BTC [+]
assbot: [MPEX] [S.MPOE] 50592 @ 0.0004042 = 20.4493 BTC [+]
assbot: [MPEX] [S.MPOE] 12000 @ 0.00040428 = 4.8514 BTC [+]
assbot: [MPEX] [S.MPOE] 6331 @ 0.00040471 = 2.5622 BTC [+]
assbot: [MPEX] [S.MPOE] 58485 @ 0.00040478 = 23.6736 BTC [+]
assbot: [MPEX] [S.MPOE] 13900 @ 0.00040489 = 5.628 BTC [+]
assbot: [MPEX] [S.MPOE] 42600 @ 0.00040495 = 17.2509 BTC [+]
assbot: [MPEX] [S.MPOE] 47649 @ 0.0004052 = 19.3074 BTC [+]
assbot: [MPEX] [S.MPOE] 50800 @ 0.00040566 = 20.6075 BTC [+]
assbot: [MPEX] [S.MPOE] 8440 @ 0.00040569 = 3.424 BTC [+]
assbot: [MPEX] [S.MPOE] 27900 @ 0.00040632 = 11.3363 BTC [+]
assbot: [MPEX] [S.MPOE] 12997 @ 0.0004066 = 5.2846 BTC [+]
assbot: [GLBSE] [ASICMINER] 2 @ 0.0999 = 0.1998 BTC [+]
assbot: [GLBSE] [ASICMINER] 18 @ 0.1 = 1.8 BTC [+]
assbot: [GLBSE] [BTC-MINING] 6 @ 0.99991 = 5.9995 BTC [+]
assbot: [GLBSE] [GIGAMINING] 4 @ 1.0344 = 4.1376 BTC [+]
assbot: [GLBSE] [GIGAMINING] 6 @ 1.0345 = 6.207 BTC [+]
assbot: [GLBSE] [PUREMINING] 11 @ 0.13879997 = 1.5268 BTC [+]
assbot: [MPEX] [S.MPOE] 31300 @ 0.00038543 = 12.064 BTC [-]
assbot: [MPEX] [S.MPOE] 22500 @ 0.00038303 = 8.6182 BTC [-]
assbot: [GLBSE] [BLUECHIP] 1 @ 0.1 BTC
assbot: [GLBSE] [OBSI.HRPT] 80 @ 0.101 = 8.08 BTC [+]
assbot: [GLBSE] [ASICMINER] 5 @ 0.0999999 = 0.5 BTC [-]
assbot: [GLBSE] [BDK.BND] 15 @ 0.10275 = 1.5413 BTC [+]
assbot: [MPEX] [S.MPOE] 15534 @ 0.00039644 = 6.1583 BTC [+]
assbot: [MPEX] [S.MPOE] 13460 @ 0.00039644 = 5.3361 BTC [+]
assbot: [MPEX] [S.MPOE] 4840 @ 0.0004066 = 1.9679 BTC [+]
dub: https://mtgox.com/api/2/money/order/lag
dub: laggy gox
dub: oh, is all over the place, ignore me
assbot: [MPEX] [O.BTCUSD.P090T] 30 @ 0.07369664 = 2.2109 BTC [+]
assbot: [MPEX] [O.BTCUSD.P130T] 700 @ 0.45062319 = 315.4362 BTC [+]
assbot: [MPEX] [O.BTCUSD.P120T] 1000 @ 0.33880603 = 338.806 BTC [+]
assbot: [MPEX] [O.BTCUSD.P100T] 10 @ 0.13147473 = 1.3147 BTC [+]
assbot: [MPEX] [O.BTCUSD.P110T] 1000 @ 0.22698886 = 226.9889 BTC [+]
assbot: [MPEX] [O.BTCUSD.P100T] 990 @ 0.13147473 = 130.16 BTC [+]
assbot: [MPEX] [O.BTCUSD.P100T] 3 @ 0.0384505 = 0.1154 BTC [-]
assbot: [MPEX] [O.BTCUSD.P100T] 7 @ 0.03647292 = 0.2553 BTC [-]
assbot: [MPEX] [O.BTCUSD.P090T] 970 @ 0.07369664 = 71.4857 BTC [+]
assbot: [MPEX] [O.BTCUSD.P090T] 30 @ 0.02035762 = 0.6107 BTC [-]
assbot: [MPEX] [O.BTCUSD.P110T] 1000 @ 0.22425251 = 224.2525 BTC [-]
assbot: [MPEX] [O.BTCUSD.P100T] 1000 @ 0.13000185 = 130.0019 BTC [+]
mircea_popescu: ;;ticker
gribble: Best bid: 9.98001, Best ask: 10.11634, Bid-ask spread: 0.13633, Last trade: 9.98001, 24 hour volume: 281854, 24 hour low: 7.58, 24 hour high: 11.19796
mircea_popescu: ahahaha so that's what's going on eh
assbot: [MPEX] [F.GIGA.ETF] 700 @ 0.00096367 = 0.6746 BTC [+]
assbot: [MPEX] [S.MPOE] 2500 @ 0.00038303 = 0.9576 BTC [-]
assbot: [MPEX] [S.MPOE] 26900 @ 0.00038144 = 10.2607 BTC [-]
assbot: [MPEX] [S.MPOE] 10200 @ 0.00037892 = 3.865 BTC [-]
assbot: [MPEX] [O.BTCUSD.C100T] 5 @ 0.03939127 = 0.197 BTC [-]
assbot: [GLBSE] [GIPPT] 3 @ 0.98 = 2.94 BTC [+]
assbot: [MPEX] [S.MPOE] 54800 @ 0.00039899 = 21.8647 BTC [+]
assbot: [MPEX] [O.BTCUSD.P100T] 1000 @ 0.12997385 = 129.9739 BTC [-]
assbot: [GLBSE] [BIF.1YR.LOAN] 1 @ 0.96153845 BTC [+]
assbot: [GLBSE] [OBSI.HRPT] 35 @ 0.101 = 3.535 BTC [+]
assbot: [MPEX] [O.BTCUSD.P090T] 80 @ 0.07265773 = 5.8126 BTC [+]
assbot: [MPEX] [O.BTCUSD.C130T] 24 @ 0.00174443 = 0.0419 BTC [-]
assbot: [MPEX] [O.BTCUSD.C120T] 1 @ 0.00552883 BTC [-]
assbot: [MPEX] [O.BTCUSD.C120T] 14 @ 0.00530488 = 0.0743 BTC [-]
assbot: [MPEX] [O.BTCUSD.C150T] 14 @ 0.02187766 = 0.3063 BTC [-]
assbot: [GLBSE] [NYAN] 3 @ 0.999 = 2.997 BTC [-]
assbot: [GLBSE] [PUREMINING] 6 @ 0.13859996 = 0.8316 BTC [-]
Doffx: ;;ticker
gribble: Best bid: 9.55, Best ask: 9.63407, Bid-ask spread: 0.08407, Last trade: 9.63407, 24 hour volume: 279204, 24 hour low: 7.58, 24 hour high: 11.00382
assbot: [GLBSE] [ZETA-MINING] 1 @ 0.18399 BTC [+]
Doffx: ;;bc,24hprc
gribble: 8.99
assbot: [MPEX] [F.GIGA.ETF] 2600 @ 0.00098405 = 2.5585 BTC [+]
assbot: [MPEX] [O.BTCUSD.P100T] 46 @ 0.12994861 = 5.9776 BTC [-]
assbot: [MPEX] [S.MPOE] 31200 @ 0.00037892 = 11.8223 BTC [-]
assbot: [MPEX] [S.MPOE] 1086 @ 0.00037385 = 0.406 BTC [-]
assbot: [MPEX] [S.MPOE] 12344 @ 0.00037164 = 4.5875 BTC [-]
assbot: [GLBSE] [BBBB] 10 @ 0.00028 = 0.0028 BTC [+]
assbot: [GLBSE] [BITNODES] 8 @ 0.243 = 1.944 BTC [+]
assbot: [GLBSE] [OBSI.HRPT] 10 @ 0.101 = 1.01 BTC [+]
assbot: [GLBSE] [ASICMINER] 2 @ 0.0999999 = 0.2 BTC [-]
assbot: [GLBSE] [DMC] 9 @ 0.054 = 0.486 BTC [+]
assbot: [GLBSE] [OBSI.HRPT] 6 @ 0.101 = 0.606 BTC [+]
assbot: [MPEX] [F.GIGA.ETF] 10025 @ 0.00098405 = 9.8651 BTC [+]
assbot: [MPEX] [F.GIGA.ETF] 875 @ 0.00099532 = 0.8709 BTC [+]
assbot: [GLBSE] [NYAN.C] 2 @ 0.9499 = 1.8998 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 8 @ 0.8589 = 6.8712 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.859 = 1.718 BTC [+]
assbot: [GLBSE] [ASICMINER] 5 @ 0.0999999 = 0.5 BTC [-]
assbot: [MPEX] [S.MPOE] 13500 @ 0.00039081 = 5.2759 BTC [+]
assbot: [GLBSE] [ASICMINER] 22 @ 0.0999999 = 2.2 BTC [-]
assbot: [GLBSE] [OBSI.HRPT] 2 @ 0.101 = 0.202 BTC [+]
assbot: [GLBSE] [BLUECHIP] 1 @ 0.1 BTC
assbot: [GLBSE] [TEEK.A] 50 @ 0.91 = 45.5 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.8599 = 1.7198 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.86 = 3.44 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 7 @ 0.87 = 6.09 BTC [+]
assbot: [GLBSE] [MMM] 4 @ 0.7 = 2.8 BTC [+]
BTC-Mining: https://glbse.com/asset/view/KRAKEN IPO now live, passthru for Patrick Harnett's fund
mircea_popescu: cool beans.
BTCHero: he wasn't taking new deposits right???
BTC-Mining: Nope
mircea_popescu: i thought he was.
BTC-Mining: He limited it to 25 accounts for now
mircea_popescu: o he did ? when ?
BTCHero: so you are just doing what you have?
BTC-Mining: On his thread
BTCHero: because it sounded like he wasn't taking more btc or more accounts at the moment
BTC-Mining: I already have the account + capacity
assbot: [GLBSE] [KRAKEN] 1 @ 0.01 BTC
bitfoo: (first!)
BTC-Mining: Internet Commenters
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.87 BTC [+]
BTC-Mining: ...
bitfoo: heh
assbot: [GLBSE] [KRAKEN] 10 @ 0.01 = 0.1 BTC
BTCHero: biggest
bitfoo: haha
bitfoo: you should announce it on the kraken thread
bitfoo: there were lots of people clamoring for accounts there
assbot: [GLBSE] [BLUECHIP] 25 @ 0.1 = 2.5 BTC
BTCHero: I have 2 accounts
BTCHero: take that
assbot: [GLBSE] [BDT] 8 @ 1 = 8 BTC [-]
bitfoo: why 2?
BTCHero: one pays me weekly one reinvests
bitfoo: ah
BTCHero: im bothersome like that
bitfoo: I thought there was no reinvesting
assbot: [GLBSE] [FUTUREFUND] 20 @ 0.0001165 = 0.0023 BTC [-]
BTCHero: it reinvests by default i think
bitfoo: "Returns will be paid weekly (currently planning on Fridays) - no compounding or automatic reinvestment."
BTCHero: well, i don't know what to say
bitfoo: heh
bitfoo: you got the hookup
BTCHero: because i don't get paid, i just watch the balance go up :)
BTCHero: and he gave me 5 free btc once
assbot: [GLBSE] [FUTUREFUND] 100 @ 0.000117 = 0.0117 BTC [+]
BTCHero: so take that too
bitfoo: lol
mircea_popescu: lol pretty sweet.
mircea_popescu: i got an acct maybe a week ago, so i dunno. maybe it's new this closure.
BTCHero: he said he would reasses after things settle down
mircea_popescu: i imagine a lot of pressure from pirate
assbot: [MPEX] [S.MPOE] 6100 @ 0.00039081 = 2.3839 BTC [+]
assbot: [MPEX] [S.MPOE] 7128 @ 0.00039899 = 2.844 BTC [+]
assbot: [MPEX] [S.MPOE] 966 @ 0.00040596 = 0.3922 BTC [+]
assbot: [MPEX] [S.MPOE] 26606 @ 0.00040643 = 10.8135 BTC [+]
bitfoo: BTC-Mining: your pass through has limited space right?
bitfoo: or does it keep expanding?
BTC-Mining: limited space
assbot: [GLBSE] [NASTY] 1 @ 0.5999 BTC [+]
BTC-Mining: Patrick said a 1000 BTC limit for now
BTC-Mining: So that's what is available
bitfoo: ok, thanks
assbot: [GLBSE] [ARS] 150 @ 0.01 = 1.5 BTC [-]
BTCHero: By default, accounts are compounding. For accounts greater than 10 BTC a weekly interest payout option is available.
BTCHero: lol nevermind
bitfoo: I guess we're not talking about the same thing?
BTCHero: nope
BTCHero: sorry about that
bitfoo: hehe, np
bitfoo: oh, that's starfish bcb
BTCHero: yeah, i am out of the loop
assbot: [GLBSE] [KRAKEN] 2500 @ 0.01 = 25 BTC
BTCHero: time to buy more kraken
assbot: [GLBSE] [KRAKEN] 49 @ 0.01 = 0.49 BTC
BTCHero: BTC-Mining: are you going to put up a bid wall or anything to improve liquidity?
BTC-Mining: Hmm...
BTC-Mining: Maybe I could do that, yes
BTCHero: I don't care, just wondering
BTC-Mining: But probably not full price, I would need to get that covered with my own BTC
BTC-Mining: I suppose maybe a bidwall at 95% would prevent price falling and give me a little bonus if someone wants out fast
assbot: [GLBSE] [PUREMINING] 9 @ 0.1385996 = 1.2474 BTC [-]
BTC-Mining: Or if you have 100 BTC worth, I can buy it back at full price on request I suppose
BTCHero: nah, im only putting ina few btc... like 11 or so more
BTC-Mining: It needs to be in 100 BTC increments however, I can only deposit/withdraw in such increments
BTCHero: ok, well maybe when i get some btc back from other investments
mircea_popescu: BTCHero well soon there will be the ability to bid w/o reserve i understand.
BTCHero: what? do you mean like buy shares with btc that aren't in my account? I don't understand
mircea_popescu: werll just put bids up
BTCHero: oh, yeah that would be cool
BTCHero: incase something sells buy this
assbot: [GLBSE] [RSM] 10 @ 0.26 = 2.6 BTC [+]
BTC-Mining: Well would allow to place as much bids as you wish based on your total amount as the max...
BTC-Mining: So I guess that would greatly reduce lack of bids
BTCHero: oh
BTCHero: Well there should be like, off the book bids that don't go on until you get dividends or sell something
assbot: [GLBSE] [ARS] 50 @ 0.01 = 0.5 BTC [-]
BTC-Mining: Ah, that too maybe...
BTC-Mining: Although I'd prefer the first option, the second being just for the heck of it
BTC-Mining: I'm raraly able to get my bids filled
BTC-Mining: rarely*
BTCHero: yeah, if pirate does pay back glbse might light on fire
assbot: [GLBSE] [PUREMINING] 2 @ 0.13869996 = 0.2774 BTC [+]
bitfoo: your passthrough will probably sell out the moment pirate returns funds
bitfoo: ...if it doesn't by then
assbot: [GLBSE] [FPGAMINING] 1 @ 0.83 BTC [-]
assbot: [GLBSE] [YABMC] 1 @ 0.1201 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 12 @ 0.87 = 10.44 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.878 = 1.756 BTC [+]
assbot: [GLBSE] [FPGAMINING] 1 @ 0.82 BTC [-]
BTC-Mining: Eh, maybe
BTC-Mining: Patrick can't handle the kind of money Pirate handled tho
bitfoo: well, I mean the first 1000 BTC
assbot: [GLBSE] [PUREMINING] 3 @ 0.13879997 = 0.4164 BTC [+]
assbot: [GLBSE] [BITNODES] 1 @ 0.243 BTC [+]
assbot: [MPEX] [S.MPOE] 4171 @ 0.00040464 = 1.6878 BTC [-]
assbot: [MPEX] [S.MPOE] 179 @ 0.00040507 = 0.0725 BTC [+]
assbot: [GLBSE] [GIGAMINING] 1 @ 1.035 BTC [+]
assbot: [GLBSE] [NYAN.C] 2 @ 0.9499 = 1.8998 BTC [-]
assbot: [GLBSE] [KRAKEN] 800 @ 0.01 = 8 BTC
assbot: [GLBSE] [KRAKEN] 141 @ 0.01 = 1.41 BTC
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.877 = 1.754 BTC [-]
assbot: [GLBSE] [BTCMC] 2 @ 0.5499 = 1.0998 BTC [-]
assbot: [GLBSE] [BTCMC] 1 @ 0.55 BTC [+]
btcoin: How do you buy SD shares?
assbot: [MPEX] [F.GIGA.ETF] 10600 @ 0.0009904 = 10.4982 BTC [-]
assbot: [MPEX] [F.GIGA.ETF] 3000 @ 0.00099532 = 2.986 BTC [+]
mircea_popescu: btcoin you put an order in mpex.
assbot: [GLBSE] [YARR] 4 @ 0.921 = 3.684 BTC [-]
assbot: [GLBSE] [YARR] 2 @ 0.92000001 = 1.84 BTC [-]
btcoin: how do you do that? Confused
mircea_popescu: http://polimedia.us/bitcoin/mpex.php maybe the faq helps ?
assbot: [GLBSE] [FOO.PPPPT] 3 @ 0.85 = 2.55 BTC [+]
assbot: [GLBSE] [NYAN.B] 150 @ 1 = 150 BTC [-]
assbot: [GLBSE] [NYAN.A] 50 @ 1 = 50 BTC [-]
btcoin: How do I put an order in mpex for SD shares?
assbot: [MPEX] [S.BVPS] 1500 @ 0.003801 = 5.7015 BTC [+]
mircea_popescu: btcoin what do you normally use to connect, pympex ?
assbot: [GLBSE] [TYGRR.BOND-P] 8 @ 0.877 = 7.016 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.877 BTC [-]
btcoin: I dont normally do anything, I have no idea about any of whats going on on that page
mircea_popescu: a ok. well in that case you'll eiher have to read the faq/make an account
mircea_popescu: or else find someone who is willing to broker for you.
mircea_popescu: brendio used to do that i think, possibly smickles too.
btcoin: ok, i see FAQ, looks complicated. 20BTC account fee!? OK not doing that, just wanted to buy baybe 1000 shares only. flag
mircea_popescu: yeah, it's a little more of a blue chip deal as it were.
btcoin: Yep, I mine and spend bitcoins haha, I dont know what blue chip even means :)
mircea_popescu: blue chip are these elite companies that make up the nyse stock index.
mircea_popescu: but anyway, i have a couple meetings to attend, catch you all in a little bit.
assbot: [MPEX] [S.MPOE] 2578 @ 0.00040109 = 1.034 BTC [+]
mircea_popescu: ah hello asseteers!
EmanuelDeOrtego: 'ello m8
kakobrekla: mornin
kakobrekla: ;;ticker
gribble: Best bid: 9.51, Best ask: 9.51989, Bid-ask spread: 0.00989, Last trade: 9.51, 24 hour volume: 282175, 24 hour low: 7.58, 24 hour high: 10.5
kakobrekla: meh
EmanuelDeOrtego: We'll be back over 10 by the end of the week
EmanuelDeOrtego: It's a stick number
EmanuelDeOrtego: sticky*
assbot: [GLBSE] [KRAKEN] 1000 @ 0.01 = 10 BTC
assbot: [GLBSE] [TYGRR.BOND-P] 5 @ 0.85 = 4.25 BTC [+]
mircea_popescu: maybe we'll just sit right under it for the rest of the month.
mircea_popescu: https://bitcointalk.org/index.php?topic=101902.20 so amusing to read the forum
EskimoBob: pickett_: ltc PPT was closed last week and everyone was paid. But this was really small ppt fund one of the zeros was closed and paid too but I think they had the BTC available
EmanuelDeOrtego: I see no reason for it. We have that BitInstant credit card and Silk Road volume keeps going up.
mircea_popescu: wah wah i can't do math, wah wah i have no money, wah wah take me into account wah wah
EmanuelDeOrtego: Mircea: Markets are based on humans and their desires
EmanuelDeOrtego: not arbitrary numbers
mircea_popescu: if people hurt when they were being ridiculous we'd run out of drugs
mircea_popescu: EmanuelDeOrtego absolutely.
mircea_popescu: numbers are 15 to 20x forward PE for a successfull tech company that dominates its new niche
mircea_popescu: i didn't make these up, it's what they are.
EmanuelDeOrtego: Bitcoin is a little different than a tech company
mircea_popescu: no.
mircea_popescu: this personal excep[tionalism
mircea_popescu: i can't ante 100 bucks but im an investor
mircea_popescu: pffff.
assbot: [GLBSE] [TYGRR.BOND-P] 30 @ 0.8 = 24 BTC [-]
mircea_popescu: money. talks. internet personalities like the ex stock broker raising 12k nut here... they don't get a voice.
EmanuelDeOrtego: Try 20k tied up here.
mircea_popescu: not you, that schmuck eskimobob
mircea_popescu: but at any rate, tech early stage investment is reserved for people with millions.
mircea_popescu: 10k, 50k... that buys a new car.
mircea_popescu: maybe a new wife, if she's either well used up or else 2nd tier.
mircea_popescu: does not buy a tech comp.
EmanuelDeOrtego: You can't buy out Bitcoin without owning all the infrastructure.
mircea_popescu: what do you think "infrastructure" is ?
EmanuelDeOrtego: The miners and nodes.
mircea_popescu: you think miners are infrastructure ? bs. miners are dust. anyone can mine. mpex is infrastructure. satoshi dice is infrastructure.
mircea_popescu: the companies that make money no matter what are infrastructure.
mircea_popescu: miners make a loss no matter what.
EmanuelDeOrtego: I wish you luck with Bitcoin running off a single computer.
EmanuelDeOrtego: What makes and destroys Bitcoin in the end is its network.
EmanuelDeOrtego: As long as the network exists, a Bitcoin will be worth at least a nickel.
mircea_popescu: wherther the network exists or not, that's no longer dubious. you understand this ?
mircea_popescu: mining had value up until last year, when this point was still being established.
EskimoBob: mircea_popescu: wtf are you whining about now? Get over it and don't be a asshole.
mircea_popescu: by now it's established. mining is no longer a point of interest.
EmanuelDeOrtego: The man's fine.
mircea_popescu: there's never not going to be mining. that's done. moving on.
EmanuelDeOrtego: Anyways, there's 10 million dollars and a corporate interest away from a totally defunct Bitcoin network.
mircea_popescu: not anymore.
mircea_popescu: there's slowly growing interest FOR a surviving bitcoin network.
EmanuelDeOrtego: If that's the case, then Bitcoin is undervalued.
mircea_popescu: companies worth millions, like the couple on mpex, they have a very vested interest to fight it out.
mircea_popescu: EmanuelDeOrtego bitcoin is indubitably undervalued, even at 15.
EskimoBob: LOL, you are delusional
mircea_popescu: EskimoBob want to sue me ?
EmanuelDeOrtego: EskimoBob: then why bother with Bitcoin then?
EskimoBob: mircea_popescu: i was laughing at your "companies worth millions, like the couple on mpex"
EmanuelDeOrtego: He still has a point.
EmanuelDeOrtego: Mt. Gox and BitInstant are very profitable.
EskimoBob: sure they are but this is another story
EmanuelDeOrtego: https://glbse.com/asset/view/POLY.10.1 Someone buy.
mircea_popescu: mt gox was claiming a loss iirc.
mircea_popescu: the main difference here is this : mtgox and the pprocessors are all stuck with one foot in fiat.
EmanuelDeOrtego: Earlier. They had at least $500k in revenue this month.
mircea_popescu: neither mpoe or dice are.
mircea_popescu: if the government of X decides to close their bank accounts, they are fucked.
mircea_popescu: game over.
assbot: [GLBSE] [KRAKEN] 2500 @ 0.01 = 25 BTC
EmanuelDeOrtego: The only exchanges left after that would be SR dealers.
EmanuelDeOrtego: Totally underground.
assbot: [GLBSE] [GIGAMINING] 3 @ 1.0011 = 3.0033 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-B] 5 @ 0.1 = 0.5 BTC [-]
mircea_popescu: and... the stock exchange. and.. satoshi dice.
EskimoBob: I think Gornick has written well what BTC financing is good for
assbot: [GLBSE] [KRAKEN] 8 @ 0.01 = 0.08 BTC
mircea_popescu: those are fully insulated.
mircea_popescu: EskimoBob btc is not a companion for the bigger and better fiat.
mircea_popescu: btc is the fiat killer. it is good for EVERYTHING and will do everything.
mircea_popescu: fiat can have a crum, it's company scrip.
EskimoBob: relax now. No need to start foaming again
EmanuelDeOrtego: All I know is when the Euro collapses this year
EmanuelDeOrtego: Bitcoin is going to have a good time.
EskimoBob: i like good time
EskimoBob: interesting question is, who will benefit, if EUR collapses
mircea_popescu: its quite clear who'll bemnefit.
nefario: I think this is appropriate
nefario: http://www.quickmeme.com/meme/3qk48w/
nefario: to the topic at hand
kakobrekla: BIH will win
EskimoBob: that was good one nefario
EmanuelDeOrtego: Lord Rothschild has all his money against Euro.
EmanuelDeOrtego: You better listen.
kakobrekla: should have said BAH (in english)
EskimoBob: i think it will be even funnier if USD bites the dust
assbot: [GLBSE] [ASICMINER] 1 @ 0.0995 BTC [-]
EskimoBob: how long can your dear Fed's keep printing this funny money?
assbot: [GLBSE] [GIGAMINING] 3 @ 1.0499 = 3.1497 BTC [+]
EmanuelDeOrtego: As long as tax revenue comes in to pay off the interest on the lent money.
EmanuelDeOrtego: If tax revenue declines, they flush the system and start over.
EskimoBob: EmanuelDeOrtego: lets hope this gasbag Rothschild keels over soon
assbot: [GLBSE] [GIGAMINING] 1 @ 1.05 BTC [+]
mircea_popescu: dollar might collapse first.
EmanuelDeOrtego: I dunno, Euro unemployment is lower.
EmanuelDeOrtego: I am no banker but I need some guarantee of revenue before putting the presses in full swing.
gabbynot: ;; bids 9
gribble: There are currently 16832.221 bitcoins demanded at or over 9.0 USD, worth 155111.984223 USD in total.
EmanuelDeOrtego: but I would need*
EskimoBob: dont get me wrong, I personally do not like the EUR idea at all. Especially if it's used in so many countries with so different cultures and financial backgrounds/history
EmanuelDeOrtego: Yes, I agree.
EmanuelDeOrtego: The elites are pissed off that it's not working.
EmanuelDeOrtego: They want their easily controlled economic zones.
EmanuelDeOrtego: A decentralized Europe is going to make things hard for them.
assbot: [MPEX] [F.GIGA.ETF] 3326 @ 0.00098762 = 3.2848 BTC [-]
EskimoBob: you do not have to be too sharp to understand, it will never work. I guess those so called elitist are even bigger idiots than expected
DeaDTerra: Great new everyone
EmanuelDeOrtego: They have been in power for too long and they inbreed like crazy.
DeaDTerra: no mroe avaliblity bs :D back to GLBSE V1 style
mircea_popescu: DeaDTerra what ?!
EskimoBob: "they inbreed like crazy" <- :)
DeaDTerra: No mroe avaliblity limits
mircea_popescu: o o
DeaDTerra: as long as you have the BTC in your account you can place the bid :D
mircea_popescu: yeah nefario was saying.
nefario: thats tomorrow
EskimoBob: did my new BFF DeaDTerra had good news?
assbot: [GLBSE] [DMC] 2 @ 0.042 = 0.084 BTC [-]
DeaDTerra: Nefario I love you <3 xD I have have longed for this feature for a while now
nefario: whoa there, settle down
nefario: as I mentioned in another thread
nefario: we're getting options as well
DeaDTerra: hahah I was joking though I like the feature a lot :) one of the things I was fond of from GLBSE V1
DeaDTerra: allowed me to stretch my capital a lot more.
DeaDTerra: oh options
DeaDTerra: for each asset?
assbot: [GLBSE] [GIGAMINING] 4 @ 1.0011 = 4.0044 BTC [-]
assbot: [GLBSE] [GIGAMINING] 5 @ 1.001 = 5.005 BTC [-]
assbot: [GLBSE] [BDT] 3 @ 1.0001 = 3.0003 BTC [+]
assbot: [GLBSE] [BDT] 1857 @ 1 = 1857 BTC [-]
kakobrekla: http://codinginmysleep.com/6-8-weeks-until-bitcoin-debitcredit-card-says-bitinstant/
nefario: DeaDTerra: yes
mircea_popescu: kakobrekla pretty cool!
nefario: you'll be able to make option for everything on GLBSE
nefario: also will be able to put options up for sale for an asset, but still have that asset on the market for sale
nefario: it's only when the option is bought that the asset will get put into reserve
nefario: if the asset is sold before the option is bough
nefario: bought
nefario: then the option is cancelled
nefario: next step after options is margin
mircea_popescu: how do you cancel an option ?
mircea_popescu: o nm i see what you mean. the offer is canceleld.
nefario: yes
tonikt: what will be the difference between "options BETA" and "options live"?
tonikt: I mean, for an average user
DeaDTerra: hm I see abuses from asset managers
DeaDTerra: buying options using inside info, the releaseing it and cashing in on the change in the market
nefario: tonikt: options beta is for me to test and people to have a look at (but won't actually work)
nefario: options live is the real thing
nefario: basically I'm saying I'll have something for people to look at by the end of the week
tonikt: ok. that's clear now
nefario: http://i.imgur.com/B25gH.gif
assbot: [GLBSE] [TYGRR.BOND-P] 2 @ 0.85 = 1.7 BTC [+]
nefario: well thats an odd link
assbot: [GLBSE] [TYGRR.BOND-P] 50 @ 0.79 = 39.5 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.78 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 3 @ 0.77 = 2.31 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 11 @ 0.761 = 8.371 BTC [-]
assbot: [GLBSE] [KRAKEN] 2000 @ 0.01 = 20 BTC
assbot: [GLBSE] [ASICMINER] 100 @ 0.0995 = 9.95 BTC [-]
assbot: [GLBSE] [YARR] 5 @ 0.99 = 4.95 BTC [+]
assbot: [GLBSE] [YARR] 1 @ 0.98 BTC [-]
assbot: [MPEX] [F.GIGA.ETF] 15807 @ 0.00098116 = 15.5092 BTC [-]
assbot: [GLBSE] [PAJKA.BOND] 9 @ 0.07899999 = 0.711 BTC [+]
assbot: [GLBSE] [PAJKA.BOND] 1 @ 0.08 BTC [+]
assbot: [GLBSE] [MMM] 3 @ 0.7 = 2.1 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-A] 2 @ 0.153 = 0.306 BTC [-]
assbot: [MPEX] [S.MPOE] 19996 @ 0.00039938 = 7.986 BTC [-]
assbot: [GLBSE] [ASICMINER] 11 @ 0.0995 = 1.0945 BTC [-]
assbot: [GLBSE] [ASICMINER] 7 @ 0.0995 = 0.6965 BTC [-]
assbot: [GLBSE] [HYDRO.BONDS] 3 @ 1.8001 = 5.4003 BTC [-]
assbot: [GLBSE] [HYDRO.BONDS] 4 @ 1.8 = 7.2 BTC [-]
assbot: [GLBSE] [ASICMINER] 5 @ 0.09949999 = 0.4975 BTC [-]
assbot: [GLBSE] [GIGAMINING] 1 @ 1.04869999 BTC [+]
EmanuelDeOrtego: https://glbse.com/asset/view/POLY.10.1
EmanuelDeOrtego: Someone buy plz
assbot: [GLBSE] [GIGAMINING] 1 @ 1.04879999 BTC [+]
mircea_popescu: what's that ?
EmanuelDeOrtego: Every POLY.10.1 bond has a face value of (X/10) BTC, where $X USD is the last price at which BTC was traded on Mt. Gox.
EmanuelDeOrtego: Bondholders have the right to redeem bonds for their face value.
assbot: [GLBSE] [TYGRR.BOND-P] 3 @ 0.855 = 2.565 BTC [+]
mircea_popescu: umm
assbot: [GLBSE] [TYGRR.BOND-P] 9 @ 0.859 = 7.731 BTC [+]
mircea_popescu: so if tghe last price is 100 usd i can redeem a bond for 10 btc ?
EmanuelDeOrtego: Yep
assbot: [GLBSE] [TYGRR.BOND-P] 11 @ 0.859 = 9.449 BTC [+]
mircea_popescu: so sort of like a call option.
EmanuelDeOrtego: Yep but less formal.
mircea_popescu: yeah.
assbot: [GLBSE] [NYAN.C] 4 @ 0.9499 = 3.7996 BTC [+]
mircea_popescu: you could lose potentially a lot of btc, how do you cover ?
assbot: [GLBSE] [ASICMINER] 4 @ 0.09949999 = 0.398 BTC [-]
assbot: [GLBSE] [PUREMINING] 1 @ 0.13879996 BTC [-]
EmanuelDeOrtego: mircea: I bought in at 5 so I am not too concerned
mircea_popescu: o, i thought it's your asset.
mircea_popescu: it's not you who buys that could lose a lot, is the asset owner, could end up oweing infinity btc.
EmanuelDeOrtego: Nah. Meni said he doesn't plan on running this profitably.
EmanuelDeOrtego: He has over 100,000 Bitcoins from what I have seen.
EmanuelDeOrtego: Close ties with BitInstant in Israel
mircea_popescu: aha
assbot: [GLBSE] [TYGRR.BOT] 9 @ 0.91 = 8.19 BTC [-]
EmanuelDeOrtego: At this rate, we're headed back to $10. So, Meni should buy them back soon.
EmanuelDeOrtego: However, I would prefer them to be in other hands. ; )
assbot: [GLBSE] [SS] 1 @ 1.99 BTC [+]
assbot: [GLBSE] [PUREMINING] 1 @ 0.13879996 BTC [-]
assbot: [GLBSE] [PUREMINING] 19 @ 0.13879997 = 2.6372 BTC [+]
assbot: [GLBSE] [TYGRR.BOND-P] 15 @ 0.801 = 12.015 BTC [-]
assbot: [GLBSE] [TYGRR.BOND-P] 1 @ 0.8 BTC [-]
assbot: [GLBSE] [BIF.BTCST.PPT] 16 @ 0.6 = 9.6 BTC [-]
assbot: [GLBSE] [BIF.BTCST.PPT] 4 @ 0.6 = 2.4 BTC [-]
EmanuelDeOrtego: I take it back
EmanuelDeOrtego: Somebody (maybe pirate) is dumping again
assbot: [GLBSE] [TYGRR.BOND-P] 4 @ 0.78 = 3.12 BTC [-]
mircea_popescu: ;;ticker
gribble: Best bid: 9.19981, Best ask: 9.2, Bid-ask spread: 0.00019, Last trade: 9.2, 24 hour volume: 264546, 24 hour low: 7.58, 24 hour high: 10.5
assbot: [GLBSE] [BITBOND] 2 @ 0.3799 = 0.7598 BTC [+]
EmanuelDeOrtego: Another dump
gabbynot: ;;bids 8
EmanuelDeOrtego: I doubt we can go too far into the eights but we will see
gribble: There are currently 27376.372 bitcoins demanded at or over 8.0 USD, worth 229995.472854 USD in total.
EmanuelDeOrtego: We are going to stablize at this price for awhile.
EmanuelDeOrtego: We're in the eights now
kakobrekla: ;;ticker
gribble: Best bid: 8.99987, Best ask: 9, Bid-ask spread: 0.00013, Last trade: 9, 24 hour volume: 267959, 24 hour low: 7.58, 24 hour high: 10.5
EmanuelDeOrtego: The bid section really doesn't look bad though
EmanuelDeOrtego: I am surprised how tough the market is
EskimoBob: any news form Goat or any other PPT guy?
gabbynot: ;;bids 7
gribble: There are currently 65152.745 bitcoins demanded at or over 7.0 USD, worth 502440.522784 USD in total.
EmanuelDeOrtego: Nope
EmanuelDeOrtego: None as far as I can see
EmanuelDeOrtego: Well there is this
EmanuelDeOrtego: https://bitcointalk.org/index.php?topic=101958.0
assbot: [GLBSE] [ASICMINER] 20 @ 0.09949999 = 1.99 BTC [-]
EmanuelDeOrtego: Every time dumps like that happens, Bitcoins go into stronger hands
EmanuelDeOrtego: I just don't this strategy is going to work for whoever is dumping
EmanuelDeOrtego: think*
EmanuelDeOrtego: I mean, he just failed right now
EmanuelDeOrtego: The market didn't panic
MoneyIsDebt: What did I miss? Been gone three days
Cylta: EmanuelDeOrtego: yesterday there was a lot of panic. But with time market will became smarter, i think.
mircea_popescu: MoneyIsDebt satoshi dice is ipoing
MoneyIsDebt: wow, cool
MoneyIsDebt: Are their profits public?
EmanuelDeOrtego: mircea_popescu gets all the wonderful fees
mircea_popescu: yes
mircea_popescu: http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE
BTC-Mining: Emanuel, dumping and repurchasing worked for me
mircea_popescu: EmanuelDeOrtego actually mpex charges the lowest fee in all of btc.
BTC-Mining: As long as I don't dump low eh
EmanuelDeOrtego: BTC-Mining: It won't work right now. Somebody dumped to 8.70 then people bought it up to 9 again
EmanuelDeOrtego: Haha yes
EmanuelDeOrtego: micrea_popescu: Well, that is technically true if you discount the 20 BTC registration which is still fair.
EmanuelDeOrtego: I like your model
mircea_popescu: yeah, something like that.
EmanuelDeOrtego: It lets the markets be more accurate.
EmanuelDeOrtego: and you still get the bills paid.
mircea_popescu: also cuts out on the drama something fierce.
mircea_popescu: put 20 btc entrance barrier, lose 99.999% of all drama.
mircea_popescu: seems a good deal to me.
EmanuelDeOrtego: Righto.
assbot: [GLBSE] [BITBOND] 5 @ 0.3799 = 1.8995 BTC [+]
assbot: [GLBSE] [YABMC] 1 @ 0.1319 BTC [+]