tmsr - Log 2012-11-02

Diablo-D3: <Romney> Fuck. You know, fuck is such a wonderful word. It describes, pain, pleasure, surprise, and what I do to the American people each and every day.

Diablo-D3: <Paul Ryan> mrrrpphhmrrrppphh

Diablo-D3: <Romeny> Take my dick out of your mouth before you try to speak.

mircea_popescu: Diablo-D3 not to burts your parade piss, but i don't imagine anyone cares what some union does

Diablo-D3: mircea_popescu: UAW _is_ the auto industry.

mircea_popescu: nope

Diablo-D3: this is automatic front page news on everything

mircea_popescu: it's just some (hopefully soon illegal) union.

mircea_popescu: union = pseudograssroots, democratic party.

Diablo-D3: you dont understand the scope of the UAW

Diablo-D3: its not just a union

Diablo-D3: they own one of the largest industrial complexes in the US

dub: isnt america a union?

Diablo-D3: dub: wrong kind of union

mircea_popescu: dude srsly. some union is sueing the republican candidate, who doesn't want them to get more public money.

mircea_popescu: why do you think this registers ?

Diablo-D3: mircea_popescu: the UAW directly engaged the President and Congress over the auto bailout.

mircea_popescu: soooo ?

Diablo-D3: and one of Romney's biggest points was the auto bailout was the worst thing he did besides Obamacare

mircea_popescu: Greg Palast is the author of the New York Times bestseller, "Armed Madhouse" (Penguin Paperback 2007). When Palast, an investigator of corporate fraud and racketeering, turned his skills to journalism, he was quickly recognized as, "The most important investigative reporter of our time" [Tribune Magazine]

mircea_popescu: lol this is funny

mircea_popescu: i hadn't realised just how irrelevant/self referential lefties have gotten in the us.

Diablo-D3: mircea_popescu: do you understand the problem now?

mircea_popescu: carry on lol

Diablo-D3: romney just sank his own battleship on the eve of the election

mircea_popescu: comment #2 on your link

mircea_popescu: UNIONS are not the solution. UNIONS are the problem. Rude, crude, lazy, corrupt BULLIES.

mircea_popescu: dun dun dun. i think this may actually be a net gain for him

Diablo-D3: unions were the solution when it started

Diablo-D3: now they became what they were fighting

dub: the problem with unions is they have become corporations

Diablo-D3: exactly dub

dub: that and its an easy living for the habitually useless

Diablo-D3: the UAW should have never been allowed to buy up the largest auto manufacturing plant in the US

mircea_popescu: unions are never the solution.

BTC-Mining: Hey mircea, byt the way, has patrick harnett defaulted?

mircea_popescu: Diablo-D3 it was going for free

mircea_popescu: BTC-Mining yes.

Diablo-D3: mircea_popescu: no, unions, _the original kind_, are fine

Diablo-D3: where workers could bind together and fight unfair abusive practices and be legally protected while doing so

BTC-Mining: Hmm, interesting

Diablo-D3: but its clearly an artifact of times gone past

Diablo-D3: the invention of the Internet has largely made unions pointless.

mircea_popescu: BTC-Mining https://bitcointalk.org/index.php?topic=121915.0

mircea_popescu: Diablo-D3 well... they kinda were pointless originally, too. but anyway.

Diablo-D3: mircea_popescu: it was a gamble, but they worked

mircea_popescu: "they worked".

Diablo-D3: it collapsed a few of the smaller rich people empires and forced the rest to comply

mircea_popescu: they ensured that jobs move out of europe into the us, sure.

mircea_popescu: then they moved jobs into asia

Diablo-D3: but those times are long gone

mircea_popescu: i guess... it worked.

dub: they are a counter point to offset the coproration with a competing corporation

Diablo-D3: unions didnt move them into asia though

Diablo-D3: walmart did that.

Diablo-D3: and ford.

dub: the good they do is that they need to protect the weak to keep power

Diablo-D3: dub: yes but

dub: adn teh weak do need protection

Diablo-D3: when they threaten people for not joining and also act as the bosses of the workers they protect, theres a problem

Diablo-D3: the UAW is just too bigt

mircea_popescu: the weak are weak for a perfectly good reason

mircea_popescu: they don't need any protection. they need incentives to de-weakify.

dub: yes but they need to survive

Diablo-D3: mircea_popescu: no

dub: or it costs us more in the ned

dub: end*

Diablo-D3: the problem there is, the weak are weak because the lack of education

Diablo-D3: and you cant fix it

dub: you cant fix it with capitalism

mircea_popescu: either they fix it or suck my cock.

mircea_popescu: a choice emerges.

Diablo-D3: who someone is going to be is set in stone by the time they're 6, give or take.

dub: not in its current form anyway

Diablo-D3: we need several generations of intensive education to fix the problem the US has

Diablo-D3: laws wont fix it, unions or the lack thereof wont fix it

mircea_popescu: that problem being, several generations which have been protecred

dub: this, everyone is equal idea and can succeed if they want to is quite obviously a sick joke

mircea_popescu: 16 yos that know you'll protect them from my cock have 0 incentive to learn anything.

Diablo-D3: mircea_popescu: like, why do you think ending welfare wont work?

Diablo-D3: all its going to do is put a lot of people in prison.

mircea_popescu: ending welfare will work just fine.

mircea_popescu: good.

Diablo-D3: Bad, its more expensive.

dub: in the end those that can will pay to look after the weak, its nature

mircea_popescu: we start shooting them.

Diablo-D3: lol mircea_popescu is trolling us

mircea_popescu: gotta make that soylent green somehow.

mircea_popescu: no, im serious. this paradigm that everyone has to make it is bs.

Diablo-D3: mircea_popescu: shooting them doesnt even work

mircea_popescu: life is only worth living if most don't make it.

Diablo-D3: you dont get the money you invested into them back

mircea_popescu: you don't invest anything.

mircea_popescu: they do.

Diablo-D3: no, we all do

mircea_popescu: not once we finally get rid of welfare.

Diablo-D3: each person, from birth to 18 years of age, costs $2m.

mircea_popescu: costs YOU 2m :p

Diablo-D3: shooting them just flushes that down the drain.

Diablo-D3: costs the nation $2m.

dub: welfare only exists because capitalism depends on it

mircea_popescu: i don't care about your nation.

mircea_popescu: dub does not.

Diablo-D3: good, the nation doesnt not care about you.

mircea_popescu: we;re find then.

mircea_popescu: fine*

Diablo-D3: Something went wrong in social planning post-WW2.

Diablo-D3: I'm not entirely sure what, its not any single cause doing it.

mircea_popescu: the notion that "social planning" to be exact.

mircea_popescu: there's no such thing.

Diablo-D3: There is.

mircea_popescu: so you think.

mircea_popescu: social planning is exactly like dmc.

Diablo-D3: WW2 was a result of social planning.

Diablo-D3: It was a manufactured war.

mircea_popescu: well i guess that's my limit for tonight.

kakobrekla: https://bitcointalk.org/index.php?topic=121865.0

assbot: [MPEX] [S.MPOE] 17200 @ 0.00048197 = 8.2899 BTC [+]

mircea_popescu: https://bitcointalk.org/index.php?topic=121865.msg1311552#msg1311552 loller

kakobrekla: hm

dub: how many new 'trading platforms' per day is bitcoin at now?

kakobrekla: i thought these were real securities

kakobrekla: nevermind then sorry.

dub: it seems to be accelerating

kakobrekla: i always paste the link first and then read it

dub: read? I just comment willy nilly

mircea_popescu: dub yes. trading platform. is good professional.

dub: I sale platform to you yes

dub: very nice and secure

mircea_popescu: slightly dented

dub: Goodluck Happy Professional Trading LLC LLQY LTP

mircea_popescu: except the llc papers weren't signed

assbot: [MPEX] [S.MPOE] 15753 @ 0.0004831 = 7.6103 BTC [+]

assbot: [MPEX] [S.MPOE] 32083 @ 0.00048494 = 15.5583 BTC [+]

assbot: [MPEX] [S.MPOE] 27772 @ 0.00048497 = 13.4686 BTC [+]

assbot: [MPEX] [S.MPOE] 27100 @ 0.00048517 = 13.1481 BTC [+]

assbot: [MPEX] [S.MPOE] 6783 @ 0.00048552 = 3.2933 BTC [+]

assbot: [MPEX] [S.MPOE] 10158 @ 0.00048565 = 4.9332 BTC [+]

assbot: [MPEX] [S.MPOE] 17910 @ 0.00048622 = 8.7082 BTC [+]

assbot: [MPEX] [S.MPOE] 32000 @ 0.00048803 = 15.617 BTC [+]

assbot: [MPEX] [S.MPOE] 20700 @ 0.00048818 = 10.1053 BTC [+]

assbot: [MPEX] [S.MPOE] 8500 @ 0.00048829 = 4.1505 BTC [+]

assbot: [MPEX] [S.MPOE] 24400 @ 0.00048832 = 11.915 BTC [+]

assbot: [MPEX] [S.MPOE] 35800 @ 0.00049074 = 17.5685 BTC [+]

assbot: [MPEX] [S.MPOE] 42100 @ 0.00049224 = 20.7233 BTC [+]

assbot: [MPEX] [S.MPOE] 18941 @ 0.00049282 = 9.3345 BTC [+]

BTC-Mining: Well once again, if anyone has S.BVPS shares, please PM me and state your rate.

mircea_popescu: !ticker s.mpoe

assbot: [MPEX:S.MPOE] 1day: 0.00048086 / 0.00048744 / 0.00049519 (1607095 shares, 783.37 BTC), 30day: 0.00025015 / 0.00039123 / 0.0005 (85112884 shares, 33,299.26 BTC)

mircea_popescu: ;;calc (0.00048744-0.00039123)/0.00048744

gribble: 0.197378138848

dub: next level 'i'll be in my lab' meme, go

mircea_popescu: https://bitcointalk.org/index.php?topic=121624.0

mircea_popescu: this stuff is pretty good

dub: backwards graphs are backwards

mircea_popescu: ya turns out he fudged some numbers

smickles: number fudger :(

dub: fudged I think is being kind

BTC-Mining: Those charts are way off

dub: back of the napkin I would say 'pulled directly out of his small intestine' more accurate

dub: at $10 and 30m diff SC is $65 day break even

dub: er 65 day

dub: with $.15/kw

mircea_popescu: what i liked was the idea of making the graphs

mircea_popescu: i guess someone should make right ones

smickles: 65 days? that's the fudged #, right?

dub: yeah, at least make your bullshit graphs face teh right direction

dub: smickles: I may have fucked up.. http://tpbitcalc.appspot.com/?difficulty=30000000.3930&hashrate=60000.00&exchangerate=10.00&bitcoinsperblock=50.00&rigcost=1300.00&powerconsumption=60.00&powercost=0.15&investmentperiod=355

dub: oh wait 50btc

dub: twice that

smickles: thing is, the diff won't stay 30m for 65 days

BTC-Mining: 137 days break even with the SC actually

BTC-Mining: at 30 mill difficulty

smickles: or especially 137 days

smickles: can't you calc it with a linnear gain in diff?

smickles: or lognormal

dub: you could but it would be equally meaningless

assbot: [MPEX] [S.MPOE] 25859 @ 0.00049282 = 12.7438 BTC [+]

dub: since it wont be linear or predictable at all

assbot: [MPEX] [S.MPOE] 13641 @ 0.00049286 = 6.7231 BTC [+]

smickles: yeah, but i expect it to rise over time

dub: of course

smickles: so why do the calc assuming it stays flat?

dub: lazy

smickles: </semi-troll>

dub: also its pointless to do it either way :)

smickles: heh, i'm just glad i got to type lognormal

dub: plenty of speculation that mass GPU dieback occurs on reward half

BTC-Mining: Not sure difficulty will raise that much tho

mircea_popescu: some people suspect diff over 100mn by next year

dub: but once asic are shipping it will skyrocket, no question

dub: 100%pa proffit what

mircea_popescu: i for one don't think there's going to be asics in 2012

BTC-Mining: I'd usually expect the difficulty to raise so that profit on current equipment prices is in the 1-3% weekly range

smickles: the first person with the first asic on that first diff period will make a lot of btc, relatively

dub: well yeah

BTC-Mining: Profit considering expenses, but not equipment's purchase price

dub: at current diff payback is in days

mircea_popescu: smickles this is actually a very interesting problem. the companies have no real incentive to ship

smickles: BTC-Mining: you've noticed price rised laggin on diff increases too?

mircea_popescu: so likely they will ship the entire backlog simultaneously

dub: one week for SC

smickles: mircea_popescu: the must plan to mine like hell as 'testing' untill their actions raise the diff significantly, then ship

dub: mircea_popescu: once important incentive, devs have promised an algo swap if they dont

mircea_popescu: smickles exactly. dub devs can get fucked.

mircea_popescu: i dunno why anyone thinks devs matter.

dub: they will have support of deepbut et all

smickles: dev is commodity now,

mircea_popescu: of course they will.

mircea_popescu: they will have support of old miners against new miners

dub: algo will swap, asic will die

mircea_popescu: if bitcoin allowed them any advantage because of some such crap it'd be doomed anyway

dub: asic vendor will not risk this

mircea_popescu: there is exactly 0 dev can do.

dub: in what way can dev be prevented from algo swap if they have mining majority?

mircea_popescu: in the way of owning the new chain.

mircea_popescu: appointing new devs and bye.

dub: glwt

mircea_popescu: it's a done deal.

dub: bye bye bitcoin

mircea_popescu: what, you think where the crowd of 5000 atlas sockpuppets lies matters ?

mircea_popescu: nope, just bye bye gmaxwell & co.

mircea_popescu: i almost like the idea.

dub: I have no love for the devs

dub: but I believe they could effect this

smickles: interesting times ahead, anyway

mircea_popescu: bitcoin won't die just because some old boy's club tries to keep newcomers out

mircea_popescu: or enforce "rules"

dub: I think it will

mircea_popescu: there's no rules outside of make blocks.

mircea_popescu: neah.

dub: nearly identical thing would rise to replace it

mircea_popescu: yeah lol. the asic's chain

mircea_popescu: but anyway. the shipping problem is that companies don't have an incentive to ship for as long as what they're shipping is worth more than what the people paid for it.

dub: probably take years for the failed bitcoin experiment memory to die however

mircea_popescu: once the diff is high enough they'll ship to lock in the payments and avoid refunds

mircea_popescu: but before, even if people refund they're ahead.

dub: they've already won

mircea_popescu: "they" ?

dub: asic vendors

dub: its a captive market

dub: the only problem taht could arise is they fuck it up

mircea_popescu: yeah.

dub: surefire way to do that is create a 51% problem

mircea_popescu: in a sense the current dev + gpu miner pools are creating that problem as it is

smickles: they would't 51%

mircea_popescu: with their bs "algo change" threats.

smickles: it'd devalue btc

smickles: and they are mining for btc

mircea_popescu: in my eyes the only thing that will ever devalue btc is agreement.

mircea_popescu: i hope the asic-gpu thing comes to a civil war.

dub: mircea_popescu: I agree that the current mining cabal is dangerous

mircea_popescu: it's not even a mining cabal, it's a stupidity cabal.

mircea_popescu: clearly displayed in the "let's stick together" around pirate.

mircea_popescu: asshole was defaulting in july.

mircea_popescu: nobody said anything.

mircea_popescu: patrickharnett is in default, i have to say it. if i don't say it nobody does. buddy-buddy

mircea_popescu: the EXACT system that's the problem with politics in the us, and the EXACT reason we can't use fucken fiat anymore.

dub: point is threat is enough, asic costs a lot to develop

dub: riskign it all by mining a few 10k btc is not smart

mircea_popescu: nobody cares about the toothless threats of some pasty-chested "devs".

mircea_popescu: imagining the contrary is ridiculous.

dub: im not sure how you figure they are toothless, they have the majority

mircea_popescu: heh. they have 30 th.

mircea_popescu: if the asics have 35 th they have the minority.

dub: I don't think it even matters, an algo war will devalue btc as smickles said

dub: asic vendor loses both ways

mircea_popescu: it might devalue btc in the eyes of the foolish.

mircea_popescu: the only value of btc rests on the fact that nobody can actually matter.

smickles: the devs swithcing algos would easily be seen as anti-freemarket, and people might abandon them over that

mircea_popescu: and bitcoin'd be better off for it

mircea_popescu: not because they're bad people, but bcause we don't want any respected people.

BTC-Mining: 51% attack

BTC-Mining: A miner or cartel who controls more than fifty percent of the hashing capacity of the bitcoin mining network has the potential to fraudulently double-spend recent transactions. With majority of hashing power the attacker has the technical ability to mine blocks which do not include a previous spend transactions from the miner but instead include a double spend of the coin. With majority

BTC-Mining: control the potential exists for this double spend even if the transaction had already seen confirmations as those blocks could be overtaken in the attack.

BTC-Mining: The risk lessens of this with each confirmation as the computational advantage the attacker needs grows to a mathematically improbable level and six confirmations is widely accepted as being the amount where the transaction is secure from this attack.

mircea_popescu: it's a liability.

dub: in the long run maybe

smickles: yeah, we'd be better off dropping anti free market peeps

BTC-Mining: We're already waiting for 6 confirmations for big deposits EXACTLY for the 51% attack...

dub: BTC-Mining: there is functionally nothing to be gained from actually using a 51%

mircea_popescu: this is the old anti-dictator argument. i'm just rehashing roman republicanism here.

dub: chicked feed compared to tooling up for asic production

dub: chicken*

mircea_popescu: BTC-Mining that's a different 51% attack you're thinking of.

BTC-Mining: ?

mircea_popescu: in the context we;'re discussing 51% simply means the majority decides by what rules the chains are built.

dub: once you succeed at 51% you just lost all your btc value anyway

mircea_popescu: if miner group A uses hashing algo a and miner group B uses hashing algo b

BTC-Mining: Ah, you mean for the rules?

mircea_popescu: bitcoin will use the hashing algo of the larger group

smickles: the answer is beer

BTC-Mining: If that "51%+" has incompatible rules... then we get a split no?

mircea_popescu: and so the devthreat to change algo only has the merit of the interest of gpu miners, who are doomed anyway

mircea_popescu: BTC-Mining we get a sort-of fork.

BTC-Mining: One chain with regular users, and one with 100% with their own new rules...

mircea_popescu: exactly. and that new one will be the devs.

mircea_popescu: well... ex devs at that point

BTC-Mining: That would be a problem if they push it as the official client... who controls bitcoin.org?

dub: imo at that point bitcoin is dead

BTC-Mining: I actually never wondered so far.

dub: something else comes up, probalby years later

mircea_popescu: the official client is irrelevant, it doesn't mine.

mircea_popescu: dub nah, it'll be fine.

mircea_popescu: btctalk will be fun to watch tho

smickles: there'd be uncertainty

smickles: so buy options

dub: we'd get solidcoin

mircea_popescu: and drama

BTC-Mining: eh, that's actually right. But if there's major change, the official client might need to apply new rules for transactions different from the current

smickles: "official" sounds meaningless in context of a dev-split

mircea_popescu: indeed.

dub: there would be no official client, there isnt really now, theres a reference client

mircea_popescu: it's meaningless even as it is

mircea_popescu: yeah. "first client"

mircea_popescu: anyway, i don't think the devs have either the balls or the peabrains to actually go ahead with algo change

mircea_popescu: that they threaten it is fine, but that's all.

dub: anyway, as far a business decision goes its madness to even contemplate

mircea_popescu: hence, toothless.

mircea_popescu: dub no it's not. i am actually all for it.

dub: will. not. happen.

mircea_popescu: let's have it out now.

mircea_popescu: rather than in 10 years.

mircea_popescu: full onslaught, civil war, bring it.

mircea_popescu: we find out.

smickles: Lu e-jr has the crazy to try anything he sets his mind to tho

dub: smickles: true and he has a lot of mining support which is scary

smickles: mircea_popescu: you made you money in civil way, didn't you?

mircea_popescu: sure, eligius has all the promise of becoming a fortified compound in utah

mircea_popescu: smickles hm ?

dub: smickles: im sure this would factor in to any decision

dub: mircea_popescu: its not just his pool, deepbutt and a few others have backed his quackery before

mircea_popescu: Diablo-D3 here, power crews from out of state are trying to come work in ny. they're turned away BECAUSE THEYRE NOT UNION

smickles: mircea_popescu: oh, not the case?

mircea_popescu: dub gpu miners have a vested interest.

mircea_popescu: smickles what ?

Diablo-D3: mircea_popescu: okay, so?

mircea_popescu: Diablo-D3 just sayin'.

Diablo-D3: thats the governor's fault

mircea_popescu: you watch new york return a full complement of teapartiers for the senate.

smickles: so you were born in the 70's, i guess you were too young to make money when romania broke free, eh?

mircea_popescu: everyone thinks ny is blue, they're so pissed at democrats right now it'll happen.

Diablo-D3: ny isnt red or blue

Diablo-D3: its jew.

mircea_popescu: smickles i'm never too young.

Diablo-D3: mircea_popescu is like 14, smickles

mircea_popescu: but romania never had a civil war ? or you mean the revolution ?

smickles: yeah, i guess i conflated the two

smickles: did no one oppose the revolution?

mircea_popescu: a well. fyi, what the romanian revolution was is this : ohio state students taking over the troops, then executing nixon.

assbot: [MPEX] [S.MPOE] 28200 @ 0.00049229 = 13.8826 BTC [-]

assbot: [MPEX] [S.MPOE] 2000 @ 0.00049 = 0.98 BTC [-]

dub: I think you are putting far to much faith in the ideology of asic vendors, given a choice between mining a few btc which are sure to become nearly worthless at least for a while, and profiting hugely in the long term.. they will ship

mircea_popescu: dub well in practical terms it'll be a miracle if they have anything to ship anyway,.

dub: why? all it takes is money

dub: its not like they are inventing something or breaking ground

dub: they are building an IC

dub: just like millions of other products before them

smickles: yeah, but the % of bitcoin biz that turns out to be a scam after time is high

mircea_popescu: dub they are breaking ground, for one, and it takes 10 to 100x more money than they have.

dub: not really

smickles: well, technically, is there a product on market that does this already?

mircea_popescu: nope.

smickles: zactly

dub: no but its just producing a hardware fpga

dub: of sorts

mircea_popescu: it's like saying fucking your wife in the ass is not breaking ground and doesn't require any resources

mircea_popescu: cause she already had a kid.

dub: its not a question of if it can be done

mircea_popescu: ^^

smickles: mircea_popescu: excellent anology

smickles: i still havent got it that wy

smickles: from her anyway

mircea_popescu: i was shocked to find most us couples still don't do it

smickles: she's just small and won't use a plug

dub: you might need to spend up front on some nice wine or flowers

smickles: but i like to think that i'm too big ;)

mircea_popescu: all buttvirgins are small lol

mircea_popescu: dub has a point. half bottle wine enema.

smickles: it was our anniversary on the 30th just past, as likly to happen then as ever

dub: just get her drunk

mircea_popescu: lol

dub: use lube

smickles: naw, she's preggers

dub: patience young padawan

mircea_popescu: well that's no time to teach ehr anal

dub: you will get those brown wings

mircea_popescu: did she get hemorrhoids on the first one ?

smickles: lol

smickles: mircea_popescu: nope

mircea_popescu: a well. lucky girl.

smickles: she had to have a c-section tho

mircea_popescu: shows great promise of much enjoyments. just tell her ppl on irc said you should give her tiem

dub: you could go for the 'accident' but its probably not idea for continuing the sport

dub: ideal*

mircea_popescu: lol accident such bs

smickles: the irc argument has worked for other things in the past :D

dub: I've done it

dub: hitting from back, oops wrong hole

dub: *yelp*

smickles: well, i call successful derailment of conversation

mircea_popescu: smickles o ya ? did she get a leash ?

mircea_popescu: ya srsly, smickles is worse than ciuciu.

smickles: mircea_popescu: we already had a leash ;)

mircea_popescu: no but i meant for her not for you

smickles: lol

mircea_popescu: hehe

smickles: maybe i'll try it someday, but she doesn't seem like she'd be good at the dom end

dub: arent you wearign it around your leash^W ring finger?

BTC-Mining: Hmm, right on channel's topic. Guess I'll stay out of it.

dub: asic and anal, not so different

dub: both hurt a little at first

smickles: dub: you mean the thing that makes it more dificult to fend of other women?

dub: smickles: yeah, I jest, be wearing one myself sooner rather than later

smickles: i got less advances before the ring than after,

dub: its not the ring, chicks can smell how full a mans balls are

smickles: lololllool

mircea_popescu: 20+k sold, .5 drop

mircea_popescu: i don't care what antyone says, btc is solid as a rock.

smickles: ;;ticker

gribble: BTCUSD ticker | Best bid: 10.69308, Best ask: 10.77499, Bid-ask spread: 0.08191, Last trade: 10.77499, 24 hour volume: 47684.46748761, 24 hour low: 10.40000, 24 hour high: 11.20999, 24 hour vwap: 10.87540

smickles: ;;bc,24hprc

gribble: 10.87

smickles: !ticker S.MPOE

assbot: [MPEX:S.MPOE] 1day: 0.00048086 / 0.00048779 / 0.00049519 (1615081 shares, 787.82 BTC), 30day: 0.00025015 / 0.00039134 / 0.0005 (85097298 shares, 33,302.67 BTC)

dub: I should head home to my sausage wallet

smickles: and scene

mircea_popescu: http://www.reddit.com/r/IAmA/comments/12hclg/iama_peter_acworth_ceo_and_founder_of_kinkcom_nsfw/c6v50by

mircea_popescu: btw

assbot: [MPEX] [S.MPOE] 23100 @ 0.00049016 = 11.3227 BTC [+]

assbot: [MPEX] [S.MPOE] 17312 @ 0.00049286 = 8.5324 BTC [+]

smickles: holy shit! eric idle is doin an iama?

assbot: [MPEX] [S.MPOE] 8355 @ 0.00049286 = 4.1178 BTC [+]

assbot: [MPEX] [S.MPOE] 2250 @ 0.00049399 = 1.1115 BTC [+]

assbot: [MPEX] [S.MPOE] 3895 @ 0.00049417 = 1.9248 BTC [+]

assbot: [MPEX] [S.MPOE] 39600 @ 0.00049 = 19.404 BTC [-]

assbot: [MPEX] [S.MPOE] 29128 @ 0.00049417 = 14.3942 BTC [+]

assbot: [MPEX] [S.MPOE] 35500 @ 0.00049 = 17.395 BTC [-]

assbot: [MPEX] [S.MPOE] 7277 @ 0.00049417 = 3.5961 BTC [+]

assbot: [MPEX] [S.MPOE] 5000 @ 0.000495 = 2.475 BTC [+]

assbot: [MPEX] [S.MPOE] 5316 @ 0.00049519 = 2.6324 BTC [+]

assbot: [MPEX] [S.MPOE] 19407 @ 0.00049546 = 9.6154 BTC [+]

smickles: omg! mircea_popescu I've got it!

mircea_popescu: ?

smickles: some more code, and i'll have that market maker bot

mircea_popescu: for options was it ?

smickles: i just need the part where it watches for its orders to be taken by someone else and responds accordingly

smickles: yup

mircea_popescu: hey cool.

smickles: but i figured out the hard part :)

smickles: i.e. where to place standing orders at

smickles: s/where/whatprice/

mircea_popescu: a cool.

mircea_popescu: curious what comes of this :D

smickles: me making btc at the cost of the greater fool, that's what :D

EskimoBob: smickles: market makers usually have some responsibilities like providing liquidity etc

EskimoBob: is that what you are going to do too?

EskimoBob: what if bid side (not you) has no orders? What if ask is gone? Are you buying/selling to/from your own books? etc...

mircea_popescu: i presume he will maintain some orders on the book

mircea_popescu: or ?

EskimoBob: who sets the rules for you? at what increment can you change prices etc.

EskimoBob: if you have no rules set like that, you are not really a market maker but just another trader executing trades for a client(s)

smickles: heh, EskimoBob i should be providing liquidity on both sides nearly all the time, regardless of others standing orders

EskimoBob: cool, but what happens, if you do not?

mircea_popescu: smickles is tis goins to be scm v 2.0 ?

smickles: EskimoBob: well, if i don't, then it means that one or more of my basal assumptions was wrong

smickles: mircea_popescu: naw, private thing. unless I really see that more capital will help, and i'm confident the risk is really outweighed by the benefit

mircea_popescu: aha. funny thing, the girl was saying this exact thing to some investment club dood

smickles: i'd prefer to keep all profit to myself :P

smickles: anyway, i'll be off to bed for now; early engagement tomorrow

mircea_popescu: pigeons and dub : how can you not like gage? https://bitcointalk.org/index.php?topic=115669.msg1312347#msg1312347

mircea_popescu: smickles : engage!

mircea_popescu: :D

assbot: [MPEX] [S.MPOE] 23893 @ 0.00049546 = 11.838 BTC [+]

assbot: [MPEX] [S.MPOE] 5722 @ 0.00049557 = 2.8357 BTC [+]

dub: one saner post doesnt not a sane person make

dub: but he's earned some points

EskimoBob: smickles: good luck :)

EskimoBob: most important question... on what exchange are you going to run it?

assbot: [MPEX] [S.MPOE] 24100 @ 0.00049266 = 11.8731 BTC [-]

EskimoBob: JoelKatz is riding his ego-trip wave big time :)

dub: https://bitcointalk.org/index.php?topic=121031.msg1312326#msg1312326

dub: am I missing something? or is the alledged link here that they both used email

EskimoBob: He replaced that nose hair picture of himself with a "painting" of himself. Whats next? Will he paint that orange shirt black and add more uniform curls to his wig?

assbot: [MPEX] [S.MPOE] 9259 @ 0.00049266 = 4.5615 BTC [-]

assbot: [MPEX] [S.MPOE] 14641 @ 0.00049 = 7.1741 BTC [-]

Chaang-Noi: whats new?

assbot: [MPEX] [S.MPOE] 15151 @ 0.00049316 = 7.4719 BTC [+]

EskimoBob: nuthing mon, nuthing

EskimoBob: people are writing scary stories to each other in form. Same shit, different day

Chaang-Noi: i see glbse is back up and nefario made his hostage of the account info public/offical

EskimoBob: ?

EskimoBob: URL

assbot: [MPEX] [S.MPOE] 8259 @ 0.00049 = 4.0469 BTC [-]

Chaang-Noi: www.glbse.com

Chaang-Noi: UPDATE:Currently recovering bitcoin payments made in error, account closing has been halted until most of this has been recovered

Jackmaninov: aka i've run for the border

Jackmaninov: but all eyes on Goat who's the *real* criminal /s

Chaang-Noi: ?

EskimoBob: not really. Send back the coin that is not yours and this circus probably moves on

EskimoBob: fkn s.dice, I lost 0.075 BTC

EskimoBob: SCAM!

EskimoBob: lol

EskimoBob: smickles: there is no "_nearly_ all the time" :)

EskimoBob: only "all the time" unless you can produce digitally signed (by ID card) document from your doctor

assbot: [MPEX] [S.MPOE] 25600 @ 0.00048923 = 12.5243 BTC [-]

assbot: [MPEX] [S.MPOE] 7641 @ 0.00048923 = 3.7382 BTC [-]

assbot: [MPEX] [S.MPOE] 19149 @ 0.00049316 = 9.4435 BTC [+]

assbot: [MPEX] [S.MPOE] 5710 @ 0.0004937 = 2.819 BTC [+]

assbot: [MPEX] [S.MPOE] 23800 @ 0.00048887 = 11.6351 BTC [-]

assbot: [MPEX] [S.MPOE] 7647 @ 0.00048855 = 3.7359 BTC [-]

assbot: [MPEX] [S.MPOE] 3490 @ 0.00048999 = 1.7101 BTC [+]

assbot: [MPEX] [S.MPOE] 8610 @ 0.00049112 = 4.2285 BTC [+]

assbot: [MPEX] [S.MPOE] 35753 @ 0.00048855 = 17.4671 BTC [-]

assbot: [MPEX] [S.MPOE] 11347 @ 0.0004884 = 5.5419 BTC [-]

mircea_popescu: am i like the only person on reddit with more link karma than comment karma ?

Chaang-Noi: iv never used reddit

mircea_popescu: then you don't qualify!

kakobrekla: mornin

mircea_popescu: heya

kakobrekla: how is it going

mircea_popescu: owned bluematt a little on reddit

mircea_popescu: otherwise bau

assbot: [MPEX] [S.MPOE] 28453 @ 0.0004884 = 13.8964 BTC [-]

assbot: [MPEX] [S.MPOE] 23047 @ 0.00048742 = 11.2336 BTC [-]

kakobrekla: urlpls

mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/12ht6y/bitcoin_and_the_poor/

EskimoBob: "This guy needs to get laid. So much anger over such a small point." - LOL

kakobrekla: coding in my sleep = matt ?

mircea_popescu: no ?

mircea_popescu: i don't recall that guy's name on reddit but we did have a nice chat on my blog

mircea_popescu: course it didn't come out too clearly what he's about.

kakobrekla: http://www.youtube.com/embed/Cd6C1vIyQ3w

kakobrekla: id like to try this.

assbot: [MPEX] [S.MPOE] 13800 @ 0.00048909 = 6.7494 BTC [+]

assbot: [MPEX] [S.MPOE] 31700 @ 0.00048909 = 15.5042 BTC [+]

assbot: [MPEX] [S.MPOE] 10100 @ 0.00048978 = 4.9468 BTC [+]

assbot: [MPEX] [S.MPOE] 13300 @ 0.00048754 = 6.4843 BTC [-]

assbot: [MPEX] [S.MPOE] 28053 @ 0.00048742 = 13.6736 BTC [-]

assbot: [MPEX] [S.MPOE] 1647 @ 0.0004872 = 0.8024 BTC [-]

assbot: [MPEX] [S.MPOE] 14800 @ 0.00048978 = 7.2487 BTC [+]

Chaang-Noi: wow kakobrekla

kakobrekla: its prolly expencive as... hm... as saffron.

kakobrekla: expensive i ment.

kakobrekla: :>

assbot: [MPEX] [S.MPOE] 3445 @ 0.00048937 = 1.6859 BTC [-]

assbot: [MPEX] [S.MPOE] 7136 @ 0.0004872 = 3.4767 BTC [-]

assbot: [MPEX] [S.MPOE] 27233 @ 0.0004867 = 13.2543 BTC [-]

assbot: [MPEX] [S.MPOE] 22357 @ 0.0004867 = 10.8812 BTC [-]

assbot: [MPEX] [S.MPOE] 4143 @ 0.00048585 = 2.0129 BTC [-]

mircea_popescu: !ticker s.mpoe

assbot: [MPEX:S.MPOE] 1day: 0.00048086 / 0.00048796 / 0.00049557 (1684503 shares, 821.97 BTC), 30day: 0.00025015 / 0.00039236 / 0.0005 (85146172 shares, 33,408.06 BTC)

mircea_popescu: !ticker s.dice

assbot: [MPEX:S.DICE] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.0001 / 0.00299494 / 0.0034 (2076191 shares, 6,218.07 BTC)

mircea_popescu: !ticker s.bvps

assbot: [MPEX:S.BVPS] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.0027501 / 0.00335836 / 0.00350001 (23698 shares, 79.59 BTC)

Chaang-Noi: saffron is cheap here

assbot: [MPEX] [S.MPOE] 8671 @ 0.00048585 = 4.2128 BTC [-]

assbot: [MPEX] [S.MPOE] 40429 @ 0.00048581 = 19.6408 BTC [-]

assbot: [MPEX] [O.BTCUSD.P130T] 1 @ 0.26788816 BTC [-]

mircea_popescu: https://bitcointalk.org/index.php?topic=119295.0

mircea_popescu: lol, this is bitcoin lending in a nutshell.

EskimoBob: never understood why anyone wants to lend BTC (except buy shit like drugs or pr0n)

mircea_popescu: you mean lend or borrow ?