dub: The point to Bitcoin is that you can choose your own level of trust in an external service. One of our group's members, Patrick Strateman, came up with a scheme whereby a wallet could be recovered algorithmically using an email and a password.
dub: so much funny right there
dub: turns out patricks mail server let someone 'recover' all of bitcoinicas wallet
dub: I went to fill in the Paypal form, spent 10 mins signing up to an account, entering all my very personal details and my card was rejected.
FabianB_: paypal for a bitcoin conference?
Namworld: dub, you can't pay with your library card.
jurov: indeed i'll collect funds for mpoe-pr to travel there
assbot: [MPEX] [S.DICE] 2050 @ 0.00460243 = 9.435 BTC [-]
assbot: [MPEX] [S.DICE] 1482 @ 0.00455449 = 6.7498 BTC [-]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00063976 = 3.1988 BTC [-]
assbot: [MPEX] [S.MPOE] 7909 @ 0.00063975 = 5.0598 BTC [-]
assbot: [MPEX] [S.MPOE] 6153 @ 0.00063899 = 3.9317 BTC [-]
assbot: [MPEX] [S.DICE] 1468 @ 0.00446855 = 6.5598 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00444 = 4.44 BTC [-]
gribble: smickles was last seen in #bitcoin-assets 4 hours, 14 minutes, and 4 seconds ago: <smickles> I can certainly make an appointment
gribble: mod6 was last seen in #bitcoin-assets 8 hours, 18 minutes, and 22 seconds ago: <mod6> thestringpuller: Bubbles is my hero.
assbot: [MPEX] [S.DICE] 1850 @ 0.00444 = 8.214 BTC [-]
pigeons: yes vragnaroda speaks perfect esperanto
dub: sounds more like a vindaloo man
pigeons: well beans are good for your heart
assbot: [MPEX] [S.DICE] 2400 @ 0.00444878 = 10.6771 BTC [+]
assbot: [MPEX] [S.DICE] 1050 @ 0.00462278 = 4.8539 BTC [+]
assbot: [MPEX] [S.DICE] 522 @ 0.00462375 = 2.4136 BTC [+]
mircea_popescu: the idea that esperanto helps local languages is pretty good. nothing like something that really sucks as a standard to keep internationalisation at bay.
mircea_popescu: dub wtf ?! the negligence seen at mtgox happens every month with irl banks.
mircea_popescu: Mike Gogulski (Bitcoin laundry) ? wtf is that! i need to knoe
assbot: [MPEX:S.DICE] 1day: 0.00430002 / 0.00446669 / 0.00463274 (82268 shares, 367.47 BTC), 30day: 0.0014 / 0.00333481 / 0.0048 (13847718 shares, 46,179.57 BTC)
pigeons: mircea_popescu: gogulski is from nostate.com
pigeons: he used to be in irc all the time but a few years ago
pigeons: i think it was the mybitcoin nonsense when he started saying pfffh
mircea_popescu: Fixing the “100% CPU and no useful output” imklog+rsyslog kernel logging problem on Ubuntu guests under Xen PV
pigeons: he bought a mixer and the motto was "get your bitcoins whiter than white"
pigeons: nothing to do with usagi ;)
pigeons: he used to maintain a bitcoin wordpress shopping cart plugin
assbot: [MPEX] [S.DICE] 1250 @ 0.00462375 = 5.7797 BTC [+]
pigeons: he's mostly known for renouncing us citizenship for a "not a citizen under the blessing of slovakia" card
dub: mircea_popescu: the shitheads responsible for bitcoinica calling mtgox negligent is funny enough by itself
mircea_popescu: i mean, they were, yes, but not much moreso than your average bank. whereas the average bank still is, 10-15 years later
mircea_popescu: and after 100`000x as many ownages, exploits and general mayhem
pigeons: gotta give em that at least
dub: is cody the gun printing guy?
dub: i closed tab and cannot be fucked finding link
dub: the gun printing guy was listed as a speaker iirc
pigeons: he is "wiki weapon" guy, which is in some ways quite behind the other gun printing projects
mircea_popescu: so basically... a guy that's been out of the game since about before it started, taaki and a gun printing guy.
mircea_popescu: or wait, what's the guy who had a show where he used cameras in demo mode ?
dub: that was bruce I think
dub: the bitciontv slash child rapist dude
dub: spent the last few weeks erasing my memory
pigeons: oh course who they need is nefario
Bugpowder: People that make the most rediculous claims will get the most press, every time
pigeons: dreamhost has pictures of their big tubes in their ad
mircea_popescu: i see them struggling in a flypaper venue with bad make-up on
pigeons: there was discussion on it in -otc the other day, i didnt see any use for it at all
mircea_popescu: cause yeah, i wanted to ask iof they actually have a value proposition that i've overlooked
pigeons: but a few said they just loved being able to send ach from their bank to a bootstrap site and get bitcoins at mygox + 1%
pigeons: well it seems worse than piuk's even cause i think they are just straight mybitcoin 2.0 no we dont hold your keys tricks
mircea_popescu: for the other, at least in blockchain's case i have some feel of who's behind
pigeons: what turned me off before i even looked at the site and saw "hosted bitcoin wallet" was the spammy .1 btc refferal scheme
mircea_popescu: i'm not sure i'd hold something like that against a new service. maybe.
Bugpowder: Wow, just finding this classic thread
pigeons: a bunch of newbs contantly beg you to open a new coinbase account and get free btc if you hook up you bank account
mircea_popescu: pigeons so does it work as it's supposed and this stuff i keep reading is basically noobish nonsense ?
pigeons: its like formalized forum begging/scamming
dub: Bugpowder: now find MNW's 'totally legit pictures of underage girls in swimsuits'
mircea_popescu: "Truly, I'm puzzled by Joel's defense of Mr. Starfish, especially after Patrick's default and disappearance. I can think of few scammers in this cesspool who are more blatant and deserve less sympathy than Patrick."
dub: Bugpowder: oh and who could forget amir's 'skype phonesex with two 16 y/o'
dub: a few people posted that they'd used it
mircea_popescu: "Offline storage (sometimes called “cold storage”) is the process of taking money that is connected to the internet and moving it offline for safe keeping."
pigeons: much safer on plastic housed usb sticks
mircea_popescu: shows a deep, fundamental understanding of the truck/pipes issue.
mircea_popescu: Why do this? Well, any computer that is connected to the internet with money on it (or bitcoins) is a target for hackers. Keeping servers secure involves many variables and is it’s own area of study and research. Under normal conditions this level of security should be sufficient, but payment apps are held to a higher standard.
mircea_popescu: high comedy. you can always trust pigeon's link. they don't contain porn in the sense of tit and cunt.
mircea_popescu: they contain porn of a more intellectual and much more obscene nature.
dub: I will do ANYTHING to make bitcoin better for the good of humanity!! Oh and I'm going to pimp some quesitonably legal sexual exploitation to make a fast buck
dub: im not hitting that from work
mircea_popescu: tho it does meet the questionable legal explotaition part. maybe no fast bux
Bugpowder: I really love that photo thread though
thestringpuller: "2011 will no doubt be remembered as the year that Bitcoinica took Bitcoin by storm. With leveraged trading, playing the Bitcoin markets went from tee-ball to the big leagues, seemingly overnight. 2012, however, will take things to a whole new level. Mt.Gox and Tradehill have both hinted at the fact that they will be unveiling futures and options markets as part of their development plan, with Mt.Gox possibly br
mircea_popescu: srsly, options were this big thing, imminent in like, July 2011.
JWU42: my good freind usagi had to comment ;)
mircea_popescu: so basically, you're piling up your share and plan to distribute it when ?
JWU42: ideally later this week if it stays private
JWU42: it is not relisted on a new exchange and payments are made directly to the holders
JWU42: it might take longer to begin payouts if it is listed on a new exhcnage as then holders would need to create accounts, etc.
Bugpowder: "SO I believe a remedy is available to JWU. It's simple -- something akin to... give up his current stake in YABMC. I.e. ~500 BTC."
JWU42: and the whole "unregulated securities" concerns of listing again
mircea_popescu: probably cleanest to just disburse. i don't see why any sane exchange would want a wreck listed to beghin with
JWU42: Bugpowder: yeah - I have the BTC ready to go and plan to
JWU42: as of Friday was around 48 BTC
Bugpowder: I don't trust usagi's valuation models.
JWU42: I didn't get burned per se
JWU42: I suppose it is the bondholders are are getting less than they deserve
Namworld: Anyone heard anything from/about Amazingrando by the way?
JWU42: since the payout would be ~ 60% of what it should have been
JWU42: Namworld: he just posted in his thread
JWU42: mircea_popescu: yeah - some damaged goodwill perhaps
mircea_popescu: well... that's ahead of the game. i guess if you survive you might end up a banker or something.
dub: are not HK and PH already tagged?
Namworld: Damn. He's not answering my PMs
JWU42: I suppose conspiro... was not aware when he first posted
JWU42: cannot remember his full handle ;)
JWU42: it even took a while for Pirate to get to a negative rating
JWU42: people don't look at that often and tend to rate only when transacting
Bugpowder: Matthew N. Wright debt (750 bitcoins) Hashking Debt (550 btc) Imsaguy debt (approx. 300 BTC)
Namworld: I rated Pirate like an eternity after he defaulted... and was his first negative rating.
JWU42: ahh - he has 30 shares of YABMC
pigeons: "PPT debt (everything from goat to brendio direct -- if you really want this just PM me)"
mircea_popescu: ya 6k gsdpt is worth a little, iirc they were even with s.dice ?
pigeons: so 1 million btc worth of worthlessness = 0 btc
JWU42: I have a few thousand BIB.BVPS as well
Namworld: Hey... I want those S.BVPS shares.
JWU42: need to foigure when brendio is gonna opay the past few months dvis
Bugpowder: well, using usagi's valuation model, we should probably discount the hashking debt to 75% of par
mircea_popescu: pigeons he hasn't shown up lately, we used to chat ocasionally back like last summer.
Bugpowder: Is S.BVPS not paying divs anymore or what?
JWU42: last spoke to Brendio on Dec 7th it seems
Namworld: We'd have ~300$ more profit if we didn't buy a WHMCS owned license.
pigeons: that sounds forward lookin g:)
JWU42: well that looks like a wonderful business
Namworld: Still far less then previous dividends.
JWU42: that means I get like a satoshi per share
pigeons: ok i guess i have to post comparison
pigeons: from some MOB or something ltc asset
Namworld: That's actually 300 satoshi per share.
Namworld: We'd have close to 30 BTC profit without that fixed cost thing.
Namworld: We'll also be spending on advertisement and getting software which will cost.
pigeons: i'm waiting for my, email about how new management is gonna be so responsive and stuff
Namworld: yes, 324$ owned instead of monthly. You still pay 50$ per year for updates.
Bugpowder: wtf! That Credit Score is hilarious
Namworld: 228$ per year, less 50$ for yearly updates, 178$ saved each year.
dub: I want to kill myself but I can't.
dub: usagi fails even at failure
Bugpowder: How can ANYONE's time be worth so little as to be skimming percentages off of sub 1 BTC loans and making a spreadsheet of them. Google
mircea_popescu: "Friedcat still verifies shares. Today i got my confirmation for 1252 shares. GLBSE official data infos. So im safed now because my things with glbse are cleared finally."
Bugpowder: Google's server costs to host that page are more then the value of the stuff being tracked.
mircea_popescu: Bugpowder i think you have no idea what they squeeze out of a server.
mircea_popescu: i'd guess their per-spreadsheet costs are under a satoshi.
Bugpowder: what about the calories burnt entering the data into the spreadsheet. those cost money
Bugpowder: xbabyboy4021x 0.25 8% 30 Days every 7 days DEFAULT Sold To Smiley (0.15)
Namworld: Wait spreadsheets for less than 1 BTC of debts?
pigeons: i posted it 2 days in a row now
mircea_popescu: 0.25 btc in default sold for .15 this guy should work for BoA
Bugpowder: Was able to sell my distressed package of loans for 0.15BTC. 0.1 was written off.
Namworld: Well it started with 269 BTC of debt. But I guess it's now a 0.04 BTC of debt spreadsheet xD
Bugpowder: LTC loans, little tiny children loans.
mircea_popescu: i was bored out of my fucking mind. in spite of paying like 8 bux tgo be there and also being with a bunch of friends so we just made fun of the comedians the whole time
mircea_popescu: then i come to irc, im laughing my ass off for the past two hours.
Bugpowder: you can't buy a pencil at the elementary school shop
mircea_popescu: i wish to sell my quality comedy club time (2 hours) for .1 btc now.
Bugpowder: So, is BitcoinsDirect still the best place to get large # of coins for US people?
Bugpowder: Got a friend that is ready to dip his toe in
pigeons: dont think i've heard of it
Bugpowder: walk into bank fill out slip, get coins 1% below gox like 2 hours later
Bugpowder: Is the S.BBET IPO going to go off EXACTLY at midnight Jan 11th, or is it going to be human-triggered around that time?
pigeons: i just keep hitting refresh
assbot: [MPEX] [S.DICE] 129 @ 0.00462375 = 0.5965 BTC [+]
assbot: [MPEX] [S.DICE] 494 @ 0.00463274 = 2.2886 BTC [+]
assbot: [MPEX] [S.DICE] 600 @ 0.00464937 = 2.7896 BTC [+]
assbot: [MPEX] [S.DICE] 2063 @ 0.0046669 = 9.6278 BTC [+]
assbot: [MPEX:S.DICE] 1day: 0.00430002 / 0.00447985 / 0.0046669 (83804 shares, 375.43 BTC), 30day: 0.0014 / 0.00333524 / 0.0048 (13850953 shares, 46,196.31 BTC)
Bugpowder: you should be able to figure that out
Bugpowder: I just want to know when I need to have any orders place by to get that initial allotment
Bugpowder: i get cash from friend, I buy coins, I send coins to friend and I either have another few hundred coins for my fund, or MP gets another 30BTC account fee.
mircea_popescu: Bugpowder it will be automated, but for my own edumancation
Bugpowder: why should I provide pricing info to other bidders until just before the event starts
Namworld: You don't have a MPEx account yet?
Namworld: Don't forget to give them your public MPEx key =P
Bugpowder: I am too bad at GPG to get the joke :(
mircea_popescu: i still don't see how other bidders can use that info is the thing.
pigeons: did havelock ever show a signed statement?
Namworld: You refer them have them mention your account ID (public key fingerprint)
Namworld: Mircea credits both account with 5 BTC
Namworld: Well, seems like people are still not aware of the referral system =/
Bugpowder: Well, I'm not sure if witholding info will make a difference or not. But I think it will
Bugpowder: Allow me to place bids for optimal allotments based on the existing bids
Bugpowder: without having others change their bid in time to counter me.
Bugpowder: but now I have revealed my strategy so ;(
dub: IPO sniping was big sport on glbse
Ukto: thestringpuller: i looked through a box for ff7
Ukto: i think its under some other stuff in a crate
Ukto: gonna try to look in an hour
mircea_popescu: im thinking it's equally likely that waiting will get you a benefit or a loss
mircea_popescu: on one hand, the guy with the top bid is guaranteed sharex
mircea_popescu: on the other, if he gets sold through then you can get shares cheaper later
Bugpowder: It will be an interesting experiment
Bugpowder: I don't know if I like the mutual betting model with time-weighting though
Bugpowder: I have used betsofbitco.in for a long time, and I think the time-weighting diminishes betting volume closer to the event, which is when more people want to be, due to time value of money
Bugpowder: I just want a bitcoin sportsbook with traditional moneyline and pointspreads
Bugpowder: thestringpuller got it off the twitter
Bugpowder: Well, you could go based off the hilton lines
Bugpowder: and if you have a decent bankroll you can at least allow betting based on the spread
Bugpowder: and just up the juice a bit more than a trad book
Bugpowder: to deal with the low volume / high variance
Bugpowder: whoever has coins, some betting knowledge, website knowledge and a dream
Bugpowder: There are other problems with the mutual model. It's very hard to get large bets going
mircea_popescu: dude. you completely misrepresent the total lack of competence in bitcoin
Bugpowder: You need a vegas sharp to partner with
mircea_popescu: there's like, 100 or so coders, most incompetent, a few bright, some acceptable
mircea_popescu: there's like 1-2k preop transsexuals, random internet kids
mircea_popescu: there's a bunch of ex cons that are all against the state for the very phylosophycal reason that they have priors
Bugpowder: with the mutual model, if you want to lay 100BTC down, you need to have faith that other people will bet up the other side to an acceptable odds level
Bugpowder: Only BFL shit really gets BTCs over 10
dub: thats an excellent summary of the bitcoin community
Bugpowder: I have done a LOT of betting on betsofbitco.in
Bugpowder: I have tried the strategy of betting on BOTH sides of my event just to get the bet size big enough
mircea_popescu: i was gonna say, with parimutuel you can always take both sides
Bugpowder: cause usually, if you bet big on one side, you get fucked.
mircea_popescu: you can make decent money as a bookie on the system as it is, if you actually know odds.
Bugpowder: As an alternative model, you pull the football game spread off some vegas site, take any bets that come on either side, and adjust the vig to encourage betting on the side that isn't getting hit as hard. Then the bet size is decoupled from the odds.
Bugpowder: This only works if you are doing events that have a spread
mircea_popescu: but suppose the event is 7:2 to buy , 1:3 to sell (just random numbers)
Dr-G: where should I buy stocks?
Dr-G: satoshi dice for example
Bugpowder: naw. The spread in the seahawks-skins game was +3.5 for seahawks.
Dr-G: just wanna have a few
Dr-G: oh you're the MPE something guy, your stuff is cool but too complicated for me ;)
Bugpowder: so if the seahawks score at least 4 points more than skins, you win the bet
mircea_popescu: you can try coinbr.com, or else bitfunder has a passthrough
mircea_popescu: Bugpowder im really useless with sports betting, i never did it nor do i much care about sports
Bugpowder: then you charge 110btc to bet on either side, and if you win you get your bet + 100 back.
mircea_popescu: but im just saying, you can put 50/30 btc in, then wait for other bettors to contribute theior own then make a final bet to adjust to reasonable rate either way
Bugpowder: if people keep banging on one side, you adjust the vig, i.e. you charge 150 to win 100 on the side with too much action
Bugpowder: If it gets really bad, you move the spread to a new number, i.e. -5.5
Bugpowder: This is the way it works, and it works very well
Bugpowder: I am actually amazed that nobody has built this site.
assbot: [MPEX] [S.DICE] 1137 @ 0.0046669 = 5.3063 BTC [+]
assbot: [MPEX] [S.DICE] 563 @ 0.00467507 = 2.6321 BTC [+]
assbot: [MPEX] [S.DICE] 1032 @ 0.00467507 = 4.8247 BTC [+]
assbot: [MPEX] [S.DICE] 644 @ 0.00477874 = 3.0775 BTC [+]
Bugpowder: anyway, I think the betsofbitco.in model is flawed for the most popular topic of betting, sports, and only works for certain long-dated events with a lot of ebb and flow to the apparent odds, that juice the bet value. When there is a site that does Vegas style odds making, I'm going all in in that IPO.
assbot: [MPEX:S.DICE] 1day: 0.00430002 / 0.00449038 / 0.00477874 (84890 shares, 381.19 BTC), 30day: 0.0014 / 0.00333557 / 0.0048 (13854329 shares, 46,212.15 BTC)
mircea_popescu: it'd seem the value of that model strictly depends on the quality of the bookie.
Dr-G: s.dice is worth 500k btc right now ^^
Dr-G: minus the 250 btc I robbed :P
Bugpowder: the only way to win long term is to take the winnings and buy the stock :-P
mircea_popescu: "i won 16btc and promptly turned around and bought the stock"
Dr-G: still a better transaction than that pizza transaction
assbot: [MPEX] [S.MPOE] 1200 @ 0.00064105 = 0.7693 BTC [+]
assbot: [MPEX] [S.MPOE] 10027 @ 0.00064106 = 6.4279 BTC [+]
assbot: [MPEX] [S.MPOE] 2315 @ 0.00064366 = 1.4901 BTC [+]
Namworld: Hey, at the time, a measly 10 000 BTC for a pizza was an amazing deal on such gastronomy food.
pigeons: yeah i don't get the ridicule either
pigeons: without being willing to accept bitcoins for pizza, we never would have been able to trade anything for bitcoins
pigeons: i would have happily given that many for pizza too, but no one else was willing to take them for something valuable like pizza
Bugpowder: one way of measuring you value in science is to ask, if I never existed, how far would it have set back the field, in terms of time.
pigeons: that's why first thing i did with the time machine was kill Bugpowder's grandpa
Bugpowder: if the bitcoin pizza man never existed, we would have been set back a few days
pigeons: i hope you mean days in bitcoin time, cause it would have been more than that, by far
Bugpowder: how long before another man ordered a pizza
mircea_popescu: thestringpuller it was possibly the first time an item of value was exchanged for this internet funny nonsense
pigeons: maybe would have been never
pigeons: but certainly wasn't necessarily a few days imminent
kakobrekla: neighbour is leaving for work and im still up
kakobrekla: i was trying to get back to a normal pace
thestringpuller: kakobrekla: you are a hacker there is no normal circadian rythym for us
Ukto: thestringpuller: k, going back to the garage to try to find the discs again
assbot: [MPEX] [S.DICE] 224 @ 0.00466586 = 1.0452 BTC [-]
assbot: [MPEX] [S.DICE] 2584 @ 0.00466586 = 12.0566 BTC [-]
assbot: [MPEX] [S.DICE] 600 @ 0.00474291 = 2.8457 BTC [+]
assbot: [MPEX] [S.DICE] 1200 @ 0.00474292 = 5.6915 BTC [+]
assbot: [MPEX] [S.DICE] 1456 @ 0.00477874 = 6.9578 BTC [+]
assbot: [MPEX] [S.DICE] 9160 @ 0.0047888 = 43.8654 BTC [+]
assbot: [MPEX] [O.BTCUSD.C110T] 645 @ 0.30139779 = 194.4016 BTC [+]
gladoscc: Ukto: what's the current fee for listing a new asset on bitfunder?
Ukto: I am extending the 3btc thru jan at least
assbot: [MPEX] [S.DICE] 1648 @ 0.0047888 = 7.8919 BTC [+]
Ukto: 1... BILLIONG (pinkeys) bitcoins
assbot: [MPEX] [S.DICE] 4250 @ 0.0047888 = 20.3524 BTC [+]
Ukto: what was the original deal?
Ukto: i am concerned about disc.. 2
Ukto: i can faintly see some light circular scratches
Ukto: but being black bottom
Ukto: its not enough to feel with a fingernail
Ukto: but if you run your nail back and forth over it, it does make a slight noise :/
assbot: [MPEX] [S.MPOE] 8050 @ 0.0006405 = 5.156 BTC [-]
assbot: [MPEX:S.DICE] 1day: 0.00430002 / 0.00455893 / 0.0047888 (99863 shares, 455.27 BTC), 30day: 0.0014 / 0.00333775 / 0.0048 (13875451 shares, 46,312.85 BTC)
Namworld: I can't freakin view it, no credit as ever...
Namworld: I never ever have darn credits.
Namworld: but I haven't been able to read your blog in months, except right after that time you gave me 100 free credit.
assbot: [MPEX] [S.DICE] 3900 @ 0.0047888 = 18.6763 BTC [+]
assbot: [MPEX] [S.DICE] 2900 @ 0.0047888 = 13.8875 BTC [+]
Dr-G: we need bitcoin mania 2.0
Namworld: The rest was loaned to Amazingrando as per motion in exchange of hashing, until such day we could buy some ASIC rig.
TradeFortress: So, there has being no dividends from when GLBSE shut down to now?
Namworld: Amazingrando isn't very active. Just moved his Bitbond to cryptostock and nothing then.
Namworld: Was pretty much: "My mining doesn't cover eletricity fees anymore, so I'll stop paying divs. See you when ASICs ship."
Namworld: Well I guess the only people happy are BTC-BOND holders.
assbot: [MPEX] [S.MPOE] 10599 @ 0.00064366 = 6.8222 BTC [+]
Namworld: Well, I just updated my bitcointalk.org signature, mircea
Namworld: Since I'm now working on both + BitVPS is on MPEx, seems appropriate.
Namworld: Those ad slots seems a bit expensive tho.
Namworld: We've put a tracking link and going to see if it gets any results.
mircea_popescu: last i checked (maybe a year ago ?) they were horrible.
Namworld: Well now they're at 100 - 130k weekly impressions.
mircea_popescu: "As for Quentin, he has other clients and has, from what I was briefly told, been busy filling in for other attorneys in the office while they were away. I'm hoping to speak with him today to get an updated timeline for the verified claims lists and terms of service for the VPS site."
gigavps: mircea_popescu what doesn't sound good about it, we are still dealing with holiday issues, nbd
mircea_popescu: it sounds to me like the lawyer guy is getting drowned in drama and is inches away from throwing his hands up at the entire thing.
mircea_popescu: because forumer time is not worth money and lawyer time is.
gigavps: nothing to worry about there
gigavps: not like you care since you aren't claiming anyway
gigavps: there are about 8 ppl crying in the gigamining thread, the rest are emailing me, being polite, and working through this thing with me
mircea_popescu: i don't care other than in the vague macro sense that it'd be best if this actually works as opposed to not working.
gigavps: i've done everything i've said i'd do, and as i've said, i'm waiting on Quentin
mircea_popescu: bah. so this guy made FOUR deposits before actually hitting one right.
topace: mircea_popescu: haha hope it wasnt me!? mine have all been right i think (and thanks for just processing my 80BTC deposit)
assbot: [MPEX] [S.DICE] 1000 @ 0.00469227 = 4.6923 BTC [-]
assbot: [MPEX] [S.DICE] 230 @ 0.00469226 = 1.0792 BTC [-]
assbot: [MPEX] [S.DICE] 1720 @ 0.00467397 = 8.0392 BTC [-]
JWU_42: mircea_popescu: are you involved in bitbet.us
JWU_42: MPOE-PR posted something about the site in the YABMC thread
JWU_42: didn't know the site existed ;)
mircea_popescu: if i wanted to become a bookie i think i'd have done it by now tho
kakobrekla: JWU42>PS - 7 total bets - perhaps an insufficiently small sample size.
jcpham: i was thinking of a sports bet
jcpham: but the game is today :(
jcpham: did you get my last message mircea_popescu
mircea_popescu: well see, it's impossible for me to check seeing how i don't know whats "last" in your context :)
jcpham: mr. bloggerman said get in touch
jcpham: via forum and/or skype
mircea_popescu: so! the "business idea" in share "investing" is to create market inefficiencies
mircea_popescu: whereby prices to artificially pop on lack of liquidity ?
jcpham: i bet it is a link to bitcointalk?
assbot: [MPEX] [S.DICE] 2250 @ 0.00467792 = 10.5253 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00467398 = 4.674 BTC [-]
assbot: [MPEX] [S.DICE] 350 @ 0.00467397 = 1.6359 BTC [-]
assbot: [MPEX] [S.DICE] 770 @ 0.00467397 = 3.599 BTC [-]
assbot: [MPEX] [S.DICE] 3000 @ 0.00464344 = 13.9303 BTC [-]
assbot: [MPEX] [S.DICE] 800 @ 0.00460652 = 3.6852 BTC [-]
assbot: [MPEX] [S.DICE] 194 @ 0.0045735 = 0.8873 BTC [-]
assbot: [MPEX] [S.DICE] 400 @ 0.00456159 = 1.8246 BTC [-]
assbot: [MPEX] [S.DICE] 4000 @ 0.00449163 = 17.9665 BTC [-]
assbot: [MPEX] [S.DICE] 4000 @ 0.00448487 = 17.9395 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00444001 = 4.44 BTC [-]
assbot: [MPEX] [S.DICE] 3200 @ 0.00443811 = 14.202 BTC [-]
assbot: [MPEX] [S.DICE] 4800 @ 0.00441955 = 21.2138 BTC [-]
assbot: [MPEX] [S.DICE] 3148 @ 0.00441386 = 13.8948 BTC [-]
assbot: [MPEX] [S.DICE] 729 @ 0.004312 = 3.1434 BTC [-]
jcpham: what is havelock investments
jcpham: i was checking out their site
topace: jcpham: i run havelock investments
jcpham: it has a mutual fund feel
topace: started as our mining fund
topace: then when we looked at exchanges to list our fund on, i couldnt find a decent one
jcpham: the exchange is private?
topace: so for a while, the only security listed on my exchange, was our own mining fund
topace: mircea_popescu: ~2000BTC/day volume, not huge, but pretty good since i only deal with canadians :p
mircea_popescu: you and dt should form amalgamated american bitcoin traders
topace: Havelock passthru now has 2% of all SDICE shares that have been released (200,000 of 10,000,000)
mircea_popescu: i guess if we count pt's as institutional investors that takes us to about .7% total
smickles: < topace> Havelock passthru now has 2% of all SDICE shares that have been released (200,000 of 10,000,000) << heh, sounds like I finally have some competition
smickles: I'm sure I offer a better deal than havelock
topace: i did 200,000 in 2 days :p lol
topace: couldnt keep my public offerings open they kept selling out
topace: smickles: i run havelock investmetns
smickles: topace: well, you can probably top me, I don't have a 'web presence' for what I do
assbot: [MPEX] [S.DICE] 3000 @ 0.00457769 = 13.7331 BTC [+]
topace: yea :p with teh success of the SDICE passthru i was considering doing a MPOE passthru as well :p not sure if it'd be as susccessful though
topace: competition is a good thing :)
mircea_popescu: i imagine Ukto is prolly going to do something like that too
kakobrekla: Ukto will just code a new bbet or smth
smickles: I'm quite entertained by texts sent to me by accident
smickles: "Randy is going to call you in a minute with an update"
jcpham: coinabul is on the radio
topace: why's there such high bids for S.BBET ?
kakobrekla: ;;later tell namworld PS, somebody please tell bitvps to fix their SSL certificate, I can't pay my bill with them until they do this. If they don't get their act together right-quick I'm dropping them from the signcryption network. I've been pestering them about this for two weeks now and am pretty unimpressed with the lack of any sort of response.
topace: so if there's higher bids than the IPO price, what happens? it just takes the highest and works down?
smickles: i remember mircea_popescu saying that mpex is socialist in order matching
smickles: it's not who placed the order first, if there are multiple orders which would match, they split it
smickles: working off that likely flawed memory, all the bids @ or above the first block would proportionally split the first block
smickles: and then all bids @ or above the second block proportionally split that one, and so on
kakobrekla: im low on food gotta run to the store bbl
smickles: oh my, I just realized, when I'm writing a program, i tend to smoke in place of sleeping
jcpham: if i fixate on a task, i find it difficult to sleep
jcpham: so i tend to not fixate on any one task for too long
kakobrekla: yeah after the gpg contract things went back to normal!
jurov: i had a meeting. eve true coders have meetings
jurov: kakobrekla, which asset?
jurov: no cigar. depth['S'] is undefined :/
topace: whats the "4`085`852` shares" on the S.DICE volume graph?
topace: volume over the period of the graph? (whatever that is?)
assbot: [MPEX:S.DICE] 1day: 0.004312 / 0.00461387 / 0.0047888 (116066 shares, 535.51 BTC), 30day: 0.0014 / 0.00334271 / 0.0048 (13760569 shares, 45,997.67 BTC)
topace: would be nice if numbers made sense :p
jurov: nothing to die for
Bugpowder: topace, its the max daily volume for the month
topace: Buglouse: ahh! thanks :)
topace: so that big red bar on the volume chart
jurov: also S.BVPS... but you need to select a month to see anything
kakobrekla: nothing in my opera for bvps and month
jurov: not surprising as it's code form google
jurov: i remember many more smaller orders for s.bbet, what happened?
jurov: mpex coalesced them for display?
jurov: trade will start jan 11 00:00 or 24:00 ?
assbot: [MPEX] [S.MPOE] 10000 @ 0.00063901 = 6.3901 BTC [-]
assbot: [MPEX] [S.MPOE] 12000 @ 0.000639 = 7.668 BTC [-]
assbot: [MPEX] [S.MPOE] 3847 @ 0.00063899 = 2.4582 BTC [-]
jurov: hehe ok. i mean it like 24:00 is coming after 23:59
assbot: [MPEX] [O.BTCUSD.C100T] 825 @ 0.36111486 = 297.9198 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00445174 = 4.4517 BTC [-]
assbot: [MPEX] [S.DICE] 850 @ 0.00445174 = 3.784 BTC [-]
jurov: <smickles> it's not who placed the order first, if there are multiple orders which would match, they split it
mircea_popescu: dude, from what i recall the conversation was that mpex shouldn't be splitting them
jurov: thanks. for a moment my hair has risen dramatically
jurov: when i imagined what would that do with coinbr
jurov: i must be wary of smickles in the future
jurov: if he uses such methods to disturb the competition
gribble: smickles was last seen in #bitcoin-assets 1 hour, 5 minutes, and 16 seconds ago: <smickles> oh my, I just realized, when I'm writing a program, i tend to smoke in place of sleeping
jurov: don't support smoking. use coinbr
mircea_popescu: i have no idea why people'd want price conflict anyway.
gribble: thestringpuller was last seen in #bitcoin-assets 2 minutes and 46 seconds ago: <thestringpuller> ;;seen smickles
smickles: heh, jurov, I did start that statement with something about how I thought it was based of flawed assumptions
mircea_popescu: "For the past few days, I am disturbed, greatly worried, and upset about my ruthless mistake of having sex with my girlfriend. I'm a believer in Christ and my girlfriend is not. "
smickles: so that's why usagi went bonkers
mircea_popescu: "and my girlfriend turns out to not be very good in the sack" fifh.
mircea_popescu: You raised a number of good issues and hopefully I'll be able to address most of them.
mircea_popescu: “Our findings demonstrate that infidelity and number of sexual partners are both under moderate genetic influence (41% and 38% heritable, respectively) and the genetic correlation between these two traits is strong (47%).”
jcpham: that article is missing the word bitcoin
jcpham: otherwise it reads like a bitcointalk post
mircea_popescu: must be really hard to be anonymous when your name actually is tor.
Bugpowder: what time of the day does the bitbet betting cutoff take place?
mircea_popescu: i never heard of a half hour spirited bout of bank withdrawals
Bugpowder: If betting ends on Jan 12th, when does that occur?
jcpham: it reads like the bitcoin magazine debacle
jcpham: where vladimir was billing them for emails
Bugpowder: like start of the day or end of day midnight GMT
mircea_popescu: jcpham i dunno why people got so excited. if i were involved with that caliber of idiots i'd be billing 10 btc an hour too.
jcpham: he did keep good records
kakobrekla: wait i might have given you wrong info
Bugpowder: because the time decay to zero will kill late betting
jcpham: yes allow 12 hour bets so i can take money from chumps
Bugpowder: I want to set the resolution date later than the event
Bugpowder: so that event decay is only to ~70% of starting value
kakobrekla: curretly decay is from start to the time when the betting stops not the resolution date
Bugpowder: is it possible to have a user selected decay rate?
kakobrekla: it was planed at the begining but thrown out later on
Bugpowder: It is absolutely necessary if you want there to be serious betting volumen
Bugpowder: most people want to bet close to event
Bugpowder: but wont if they are getting 1:10 odds
Bugpowder: because they are late to the party
kakobrekla: odds are the same, weight is different
Bugpowder: there is some marginal utility for a decay
kakobrekla: different decay would be 'more apropriate' perhaps
Bugpowder: if the odds are properly expressed
mircea_popescu: no seriously, user-suggestable decay will prolly be in gold
Bugpowder: decay is not used in ANY real wagering site
Bugpowder: only the failure that is betsofbitcoin
mircea_popescu: Bugpowder the main problem is that iots so hard to user-specify
assbot: [MPEX] [S.MPOE] 18958 @ 0.00063757 = 12.0871 BTC [-]
jcpham: did you guys know bit-pay has an invoice tool?
jcpham: i've been wanting to play with it
Bugpowder: Decay only makes sense for events like "BFL will ship by x date"
Bugpowder: it does not make sense for "Broncos will beat Ravens on Saturday"
mircea_popescu: (if you bet this week before bronco star kills itself)
mircea_popescu: but certainly the linear decay makes no sense in most such situations
mircea_popescu: as in, it's a pretty dumb macro attempt to handle discrete events
Bugpowder: Yes, a much less steep slope would be good for those circumstances
Bugpowder: for binary events with a fixed event time
mircea_popescu: final/gold/retail/2.0/we you wanna call it is scheduled for february sometime
Bugpowder: anyway. I'm going to hold off placing up my props until that is implemented. Ready to drop 100BTC to seed the site with some good sports bets.
mircea_popescu: it's just, it's something that can benefit from a little marketplace input
assbot: [MPEX] [S.DICE] 600 @ 0.00436997 = 2.622 BTC [-]
assbot: [MPEX] [S.DICE] 173 @ 0.00457769 = 0.7919 BTC [+]
Bugpowder: cutoff really should be able to go to 1 day before the event
Bugpowder: 70% of the action come day before an event.
assbot: [MPEX] [S.MPOE] 2542 @ 0.00063757 = 1.6207 BTC [-]
assbot: [MPEX] [S.MPOE] 8100 @ 0.00063747 = 5.1635 BTC [-]
assbot: [MPEX] [S.MPOE] 5550 @ 0.00063698 = 3.5352 BTC [-]
assbot: [MPEX] [S.MPOE] 12858 @ 0.00063603 = 8.1781 BTC [-]
mircea_popescu: jcpham left that tor dood a comment. real curious if he publishes it.
jcpham: you didn't call him a moron did you?
mircea_popescu: This write-up is so very… noobish I have serious doubts you have any business in business.
mircea_popescu: And you claim to be teaching others “entrepreneurship” ?! Really ? Ridiculous. Then again I guess this is how academia became irrelevant in the marketplace, by hiring complete noobs to be “teaching”.
mircea_popescu: Seriously, stick to what you know and understand. Boardrooms aren’t for everyone.
mircea_popescu: i didn't call him a moron literally because he'd not have comprehended how true it is.
assbot: [MPEX] [S.DICE] 2400 @ 0.00446786 = 10.7229 BTC [-]
assbot: [MPEX] [S.DICE] 100 @ 0.00446786 = 0.4468 BTC [-]
jcpham: that article is popular on the ycombinator scene today
jcpham: there are a couple aggregate news sources i follow daily if i have the time
mircea_popescu: young-ish sorta out of shape pasty ass jew today can either go into the stand-up comedy scene or the start-up comedy scene
jcpham: the HN stuff is usually hilarity
jcpham: alot of the VC's thoughts and stuff
jcpham: ^ also grabbed my attention today
jcpham: pigeons will pretend to be alady
assbot: [MPEX] [S.MPOE] 4653 @ 0.00063851 = 2.971 BTC [+]
assbot: [MPEX] [S.MPOE] 3917 @ 0.00064933 = 2.5434 BTC [+]
topace: would anyone object if i wrote a Havelock bot to output stuff here using identical format to assbot ?
assbot: [MPEX] [S.MPOE] 2330 @ 0.00065144 = 1.5179 BTC [+]
topace: dub: for trades on www.havelockinvestments.com
dub: oic, check with kakobrekla
topace: mircea_popescu: that would work too, how do i do that ?
topace: that would be ideal :)
topace: kakobrekla: you there? can you let me know how to interface with assbot ?
jcpham: that last line was classic
dub: topace: buy it flowers and a bottle of wine
gribble: Ukto was last seen in #bitcoin-assets 11 hours, 19 minutes, and 20 seconds ago: <Ukto> and someone has to find all my secrets
dub: alternatively rophynol
jcpham: r-o-o-f-i-e-s for assbot
jcpham: working title for my sci-fi porno
topace: who | grep -i assbot | date; cd ~; unzip; touch; strip; finger; mount; gasp; yes; uptime; umount; sleep
jcpham: umount; sleep is my favorite part
Ukto: yeah. what happened to ukto
jcpham: Diablo-D3 how is DMC coming along?
jcpham: when can i tour the datacenter
Diablo-D3: Ukto: I thought you wanted the list
Ukto: thestringpuller: did you get my msgs abou tit?
Ukto: [12:45] <mircea_popescu> neither jurov nor ukto are true coders < -- damn straight. and dont you forget it.
Ukto: [12:23] <mircea_popescu> i imagine Ukto is prolly going to do something like that too & [12:24] <kakobrekla> Ukto will just code a new bbet or smth <-- ... .. *whisltes....* ... >,>
Ukto: [23:55] <Ukto> what was the original deal? 5btc?
Ukto: althought, i am concerned about disc.. 2
Ukto: i can faintly see some light circular scratches. but being black bottom, its shiney as hell, if you run your nail back and forth over it, it does make a slight noise :/
jurov: put it into gramophone then
mircea_popescu: I'm hoping for a site to pop up with floating rates the way intrade used to work.
Ukto: never even heard of it
Ukto: not sure where the ps1 is
Ukto: but I do have a p2 and a 1st gen ps3
Ukto: should all have support I think
Ukto: until i have beat the game
Ukto: ill see if I can test it late tonight when the kids get to bed and i can hook thign sto the tv without 1mil questions
Bugpowder: mircea_popescu I posted some sports stuff. We will see how the decay works.
Bugpowder: how long does it take for the bet values to update?