Bugpowder: >7000 bids over 19, >30000 bids over 18, 13000 bids below 20. I think tonight is the night
Namworld: We're not at 21k profit tho =P
Bugpowder: if your vision is only till the end of the month, disappointment is understandable
Bugpowder: If your vision is for a few months from now... that growth rate and EV return should support a higher share valuation
Namworld: It's mostly fueled by some large "whale"
Namworld: who knows when it will go away
Namworld: I prefer seeing lots of smaller gamblers growth.
Bugpowder: yes, and we have seen smaller gamblers growth too
Bugpowder: look at the betting thats going on in the 5-20 BTC range
Bugpowder: some other players that were not around last month
Namworld: I wouldn't include the whale in the valuation of S.DICE
assbot: [MPEX] [S.DICE] 700 @ 0.00734477 = 5.1413 BTC [+]
Bugpowder: There is the question of what happens if he 'runs out' of coins. Can he get more? I think that some of the whale addresses only started betting when the other ones ran out of coins.
Bugpowder: Which would imply to me that there may be other whale address out there.
Bugpowder: I didn't realize that 1Di6ux came back from the dead!
gesell: wtf, is that a USB to serial card or something like that on the avalon?
gesell: Namworld: where did you see S.DICE profs, did they give earnings?
Namworld: douglus regularly makes new graphs
assbot: [MPEX] [O.BTCUSD.P180T] 9 @ 0.10792579 = 0.9713 BTC [-]
assbot: [MPEX] [O.BTCUSD.P190T] 6 @ 0.12950674 = 0.777 BTC [+]
Bugpowder: THis address topped up the 1Di6ux address with a 4104 BTC deposit after it ran dry... 1B5h9sf6xNLYGa3NBk48hwYbxyNZ22PRJk
mircea_popescu: <Bugpowder> nobody talks about the variance when S.DICE outperforms << i do lol
assbot: [MPEX] [S.MPOE] 7588 @ 0.00066522 = 5.0477 BTC [+]
rng29a: mircea_popescu: thanks, blockchain.info showed 2 already, but my bet appeared shortly after that
StarenseN: will asics affect the market prices ?
Bugpowder: it will cause X.IDIFF.MAR to rocket higher. BUY NOW!
mircea_popescu: prolly not the exchange rate. asics capital costs are already paid by buyers, maintenance is low
mircea_popescu: Bugpowder even if the avaolon full 1st batch is delivered and works it still won't push diff up by 100% right ?
assbot: [MPEX] [O.BTCUSD.P180T] 2 @ 0.10792579 = 0.2159 BTC [-]
StarenseN: is it possible that the first ASICS will drain more BTC/day before the next difficulty adjustment ?
StarenseN: when is the next difficulty adjustement ?
StarenseN: in that way the market can fluctuate a bit
mircea_popescu: StarenseN the way it works is that diff is recalculated every 2k blocks
Bugpowder: less than a week if asics make a difference
mircea_popescu: if you double output you will do the 2k blocks in a week instead of two
assbot: [MPEX] [S.MPOE] 6800 @ 0.00066522 = 4.5235 BTC [+]
gribble: Current Blocks: 218801 | Current Difficulty: 2968775.3320750743 | Next Difficulty At Block: 219743 | Next Difficulty In: 942 blocks | Next Difficulty In About: 6 days, 7 hours, 43 minutes, and 53 seconds | Next Difficulty Estimate: 3094501.22024 | Estimated Percent Change: 4.23494
StarenseN: ok difficulty is block based and not time based
rng29a: indirectly also time based, if the hashrate doesn't change too much
StarenseN: I where about the enter the market within the hour but now just break to see what will happen
mircea_popescu: StarenseN the entire point of ther blockchain is to offer a distributed time
assbot: [MPEX] [O.BTCUSD.C200T] 1 @ 0.1923428 BTC [+]
assbot: [MPEX] [O.BTCUSD.C180T] 3 @ 0.18916129 = 0.5675 BTC [+]
gribble: BTCUSD ticker | Best bid: 19.75001, Best ask: 19.77991, Bid-ask spread: 0.02990, Last trade: 19.73005, 24 hour volume: 45557.23653876, 24 hour low: 19.14901, 24 hour high: 19.78990, 24 hour vwap: 19.46727
jurov: did soebot some asic-related prediction? :P
smickles: um, no, I think it has made a prediction about a shortterm top
assbot: [MPEX] [S.MPOE] 7587 @ 0.00066432 = 5.0402 BTC [+]
assbot: [MPEX] [S.MPOE] 9080 @ 0.0006575 = 5.9701 BTC [-]
assbot: [MPEX] [S.MPOE] 8742 @ 0.00065749 = 5.7478 BTC [-]
assbot: [MPEX] [S.MPOE] 38491 @ 0.00065564 = 25.2362 BTC [-]
assbot: [MPEX:S.DICE] 1D: 0.007249 / 0.00733239 / 0.00739499 (50021 shares, 366.77 BTC), 7D: 0.00598118 / 0.00715475 / 0.0075 (593129 shares, 4,243.69 BTC), 30D: 0.00085848 / 0.00473414 / 0.0075 (6562260 shares, 31,066.70 BTC)
assbot: [MPEX] [S.DICE] 225 @ 0.007249 = 1.631 BTC [-]
assbot: [MPEX] [S.DICE] 975 @ 0.00720955 = 7.0293 BTC [-]
error4734: 60btc last month for hosting/tech expenses
assbot: [MPEX] [S.MPOE] 11161 @ 0.00066954 = 7.4727 BTC [+]
assbot: [MPEX] [S.MPOE] 10379 @ 0.00067194 = 6.9741 BTC [+]
assbot: [MPEX] [S.MPOE] 11000 @ 0.00067282 = 7.401 BTC [+]
mircea_popescu: originally oil cost something in the neighbourhood of nothing to extract.
assbot: [MPEX] [S.MPOE] 6795 @ 0.00067387 = 4.5789 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065744 = 2.8408 BTC [-]
assbot: [MPEX] [S.MPOE] 11087 @ 0.00065723 = 7.2867 BTC [-]
assbot: [MPEX] [S.MPOE] 20474 @ 0.00065723 = 13.4561 BTC [-]
Bowjob: oh man, just reach 20 dollar!!
gribble: BTCUSD ticker | Best bid: 19.86000, Best ask: 19.86998, Bid-ask spread: 0.00998, Last trade: 19.86998, 24 hour volume: 44185.78098282, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.61874
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066046 = 2.8538 BTC [+]
assbot: [MPEX] [S.MPOE] 17579 @ 0.00066064 = 11.6134 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065754 = 2.8412 BTC [-]
assbot: [MPEX] [S.MPOE] 6839 @ 0.00065723 = 4.4948 BTC [-]
assbot: [MPEX] [S.MPOE] 8540 @ 0.00065564 = 5.5992 BTC [-]
assbot: [MPEX] [S.DICE] 1502 @ 0.00721632 = 10.8389 BTC [+]
assbot: [MPEX] [S.DICE] 125 @ 0.00720955 = 0.9012 BTC [-]
assbot: [MPEX] [S.DICE] 1624 @ 0.0071864 = 11.6707 BTC [-]
assbot: [MPEX] [S.DICE] 700 @ 0.00718003 = 5.026 BTC [-]
assbot: [MPEX] [S.DICE] 1100 @ 0.00715088 = 7.866 BTC [-]
assbot: [MPEX] [S.DICE] 4111 @ 0.007141 = 29.3567 BTC [-]
assbot: [MPEX] [S.DICE] 800 @ 0.00711538 = 5.6923 BTC [-]
assbot: [MPEX] [S.DICE] 200 @ 0.00708676 = 1.4174 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00705654 = 7.0565 BTC [-]
assbot: [MPEX] [S.DICE] 800 @ 0.00704966 = 5.6397 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066059 = 2.8544 BTC [+]
assbot: [MPEX] [S.MPOE] 2126 @ 0.00066064 = 1.4045 BTC [+]
assbot: [MPEX] [S.MPOE] 18300 @ 0.00066705 = 12.207 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006748 = 2.9158 BTC [+]
assbot: [MPEX] [S.MPOE] 8452 @ 0.00067504 = 5.7054 BTC [+]
gribble: BTCUSD ticker | Best bid: 19.86000, Best ask: 19.89599, Bid-ask spread: 0.03599, Last trade: 19.86000, 24 hour volume: 44661.58410082, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62249
assbot: I don't give a shit who saw what and who did what or who did who.
gribble: BTCUSD ticker | Best bid: 19.86000, Best ask: 19.89599, Bid-ask spread: 0.03599, Last trade: 19.86000, 24 hour volume: 44780.72310082, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62312
assbot: [MPEX] [S.MPOE] 7200 @ 0.00067504 = 4.8603 BTC [+]
mircea_popescu: i wonder how much cheaper the huge aluminum box was than a normal closer fitting one
Bowjob: ah.. the money printing machine
gribble: BTCUSD ticker | Best bid: 19.90011, Best ask: 19.95000, Bid-ask spread: 0.04989, Last trade: 19.90000, 24 hour volume: 45453.09821842, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62967
mircea_popescu: "i am short 20 Bitcoins to buy one of the second batch. Okay. I could go satoshidice: either i have enough or nothing"
Bowjob: I imagine my bitcoins fighting a war right now. They need to take prisoners in order to become stronger
assbot: [MPEX] [S.MPOE] 1020 @ 0.00067504 = 0.6885 BTC [+]
assbot: [MPEX] [S.MPOE] 15330 @ 0.00067528 = 10.352 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066785 = 2.8858 BTC [-]
assbot: [MPEX] [S.MPOE] 5229 @ 0.00066754 = 3.4906 BTC [-]
gribble: BTCUSD ticker | Best bid: 19.91010, Best ask: 19.91898, Bid-ask spread: 0.00888, Last trade: 19.90011, 24 hour volume: 45077.52674878, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.63169
assbot: [MPEX] [S.MPOE] 8754 @ 0.00066754 = 5.8436 BTC [-]
gribble: BTCUSD ticker | Best bid: 19.90021, Best ask: 19.96799, Bid-ask spread: 0.06778, Last trade: 19.90021, 24 hour volume: 46055.45217062, 24 hour low: 19.15000, 24 hour high: 19.97000, 24 hour vwap: 19.64007
dust-otc: my widget said 20.0 due to rounding and I got excited
assbot: [MPEX] [S.MPOE] 8650 @ 0.00066988 = 5.7945 BTC [+]
assbot: [MPEX] [S.MPOE] 2450 @ 0.00066766 = 1.6358 BTC [-]
assbot: [MPEX] [S.MPOE] 3441 @ 0.00067517 = 2.3233 BTC [+]
Namworld: I require a large margin for options...
markedathome: tip, tip, tip, tip -> 08:51:48] <@bitcoinRT> Jan31 08:49:23 | Bid: 19.9999 | Ask: 19.99999 | Last: 19.9999 | Volume: 48530
gribble: BTCUSD ticker | Best bid: 19.99993, Best ask: 20.00000, Bid-ask spread: 0.00007, Last trade: 20.00000, 24 hour volume: 50335.70604699, 24 hour low: 19.15000, 24 hour high: 20.00000, 24 hour vwap: 19.67112
assbot: [MPEX] [S.MPOE] 1850 @ 0.00066814 = 1.2361 BTC [-]
assbot: [MPEX] [S.MPOE] 880 @ 0.00067517 = 0.5941 BTC [+]
assbot: [MPEX] [S.MPOE] 4482 @ 0.00067528 = 3.0266 BTC [+]
assbot: [MPEX] [S.MPOE] 10000 @ 0.0006754 = 6.754 BTC [+]
assbot: [MPEX] [S.MPOE] 6488 @ 0.0006755 = 4.3826 BTC [+]
Namworld: the calls have an incredibly large "fee"
gribble: BTCUSD ticker | Best bid: 19.86000, Best ask: 20.21525, Bid-ask spread: 0.35525, Last trade: 20.21525, 24 hour volume: 51992.74198755, 24 hour low: 19.18697, 24 hour high: 20.39999, 24 hour vwap: 19.72306
Bowjob: Mhm, I'm wondering what will happen to the price once the rest of the Asics ship?
Bowjob: down? up? I'm confused
mircea_popescu: maximian wasn't thinking before, isn't thinking now. no cost to him :p
maximian: True. I always laugh when people make predictions like that with such conviction.
Bowjob: I wish I had a bit more conviction.. I'm so indecisive when it comes to BTC :/
mircea_popescu: as far as i can see any investing of bitcoins in fiat is very risky, speculative and dangerous.
Namworld: I only see one mention in the FAQ and it's unrelated
assbot: [MPEX] [S.DICE] 1250 @ 0.00708833 = 8.8604 BTC [+]
assbot: [MPEX] [S.DICE] 1800 @ 0.00705352 = 12.6963 BTC [-]
assbot: [MPEX] [S.DICE] 500 @ 0.00691 = 3.455 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.0069 = 6.9 BTC [-]
assbot: [MPEX] [S.DICE] 750 @ 0.00684879 = 5.1366 BTC [-]
assbot: [MPEX] [S.DICE] 2000 @ 0.0063 = 12.6 BTC [-]
assbot: [MPEX] [S.DICE] 5000 @ 0.006 = 30 BTC [-]
assbot: [MPEX] [S.DICE] 2000 @ 0.00598119 = 11.9624 BTC [-]
assbot: [MPEX] [S.DICE] 700 @ 0.00534524 = 3.7417 BTC [-]
mircea_popescu: Namworld twas explained on the forum, do you want me to dig it up ?
Namworld: I'll need to put that in my bookmarks
Bowjob: Roaring 20s people. hopefully we don't crash in '29
Namworld: If only it was near the end of the month for option
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.1267 BTC [-]
Namworld: lower costs, better opportunity
Namworld: ah, so if our is included, we automatically get the highest interest
Namworld: yes, we all need a lot of capital for options
assbot: [MPEX] [S.MPOE] 18700 @ 0.00066954 = 12.5204 BTC [-]
BUgpowder: [23:48] <BUgpowder> 4 hours left [23:48] <BUgpowder> before $20.01
gribble: BTCUSD ticker | Best bid: 20.13002, Best ask: 20.21999, Bid-ask spread: 0.08997, Last trade: 20.12001, 24 hour volume: 51901.07197290, 24 hour low: 19.19000, 24 hour high: 20.39999, 24 hour vwap: 19.73854
gesell: beh, who bet on the over 20 before feb 3rd bitbet?
mjrIII: i was curious about that
mjrIII: how does one exercise options on mPex
mjrIII: if you get the position through a broker
Namworld: get an MPEx account while they're cheap
mjrIII: ok, you just ask them to exercise or you get auto-exercised at the end of the month?
mjrIII: and yes, i would really like to
mircea_popescu: srsly. they started as 20 btc back when a btc was 3 bux
BUgpowder: the bot almost always pays more than the exercise price
BUgpowder: but the bot disappears in the last 24hr
mjrIII: and then would send it to me?
mircea_popescu: but yes, it's rare that you can't just sell for the same effect
mircea_popescu: <mjrIII> and then would send it to me? << i should hope so.
mjrIII: but the options...those are on the currency or on the equities you list on mpex?
Namworld: Mention this key for 5 BTC free: F12DE6B4E1EF26F5768BE918F2758D83EEEDE453
gribble: There are currently 22412.467 bitcoins offered at or under 30.0 USD, worth 549385.972055 USD in total.
gribble: There are currently 16596.262 bitcoins demanded at or over 19.0 USD, worth 322265.253218 USD in total.
gribble: There are currently 1025.417 bitcoins demanded at or over 20.0 USD, worth 20592.1874072 USD in total.
mjrIII: is an option to buy bitcoins at $20 USD at any point before the last Friday in Feb?
gribble: BTCUSD ticker | Best bid: 20.50010, Best ask: 20.51998, Bid-ask spread: 0.01988, Last trade: 20.50010, 24 hour volume: 53226.06221217, 24 hour low: 19.19000, 24 hour high: 20.52000, 24 hour vwap: 19.75578
Namworld: Options don't work like that on MPEx
mjrIII: thanks mircea so each option contract is for one bitcoin not lots of 100...
Bowjob: Someone stop it! Lemme dump 2k fiat first :/
mjrIII: I really love mpex by the way...
Bowjob: mp, i thought of US govt trying to do an investigation on mpex, then they read the FAQ. They read, "Yes, this is dog." then they just leave
mjrIII: but one question, how do you clear the options trades? if I have the option to buy at $20 USD, don't I have to send mpex/broker USD...how can you do this through mpex? hold on i will read the faq again
BUgpowder: so divide the strike - current price
Bowjob: S.Dice went down steeply
mjrIII: good time to get in :)
Bowjob: there's such a huge gap, 0.72-0.49
assbot: [MPEX] [S.MPOE] 19900 @ 0.00066954 = 13.3238 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066766 = 2.885 BTC [-]
assbot: [MPEX] [S.MPOE] 5547 @ 0.00066754 = 3.7028 BTC [-]
BUgpowder: god this is all going EXACTLY how I imagined it would happen
Bowjob: i wanna win the guess the prize contest
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066953 = 2.893 BTC [+]
assbot: [MPEX] [S.MPOE] 2200 @ 0.00066954 = 1.473 BTC [+]
assbot: [MPEX] [S.MPOE] 16679 @ 0.00067347 = 11.2328 BTC [+]
Jackmaninov: Bowjob: there was no one bidding yesterday
Jackmaninov: Bowjob: no one really bids at all, hence the 0.0008 fat finger a few days back
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066763 = 2.8848 BTC [-]
assbot: [MPEX] [S.MPOE] 2924 @ 0.00066754 = 1.9519 BTC [-]
mjrIII: i hate how slow real world finance is
mjrIII: but if anyone is using bitfloor, i suggest you check out the orders on their books :)
mircea_popescu: mjrIII bitfloor is a bitcoinica clone running stolen code
mircea_popescu: i'd rather hope nobody is foolish enough to be using it.
mjrIII: sorry what is bitcoinica?
mircea_popescu: (in fact we kinda know nobody is foolish enough to be using it seeing how the recent ruby on rails vulnerability caused them no damage)
mjrIII: last night the consensus seemed to be they were ok
mircea_popescu: i dunno what "consensus" that is. but no, not ok in any estimation.
gesell: whats the state of S.DICE. Is he going to break even this month? (what I thought I was seeing from the bitcointalk thread). Why the dumping of stock?
Bowjob: No one has crashed Havelock yet
gesell: mircea_popescu: btw do you block access to your blog from certain IP's? when im on from home (which is via a proxy at all times, out of my control) I cant get to your blog. but now, i can (in a different location atm)
gesell: anyway, i read that whole thread
mircea_popescu: yeh. maybe some ppl want to send money to china and so they're selling stuff
gesell: yeah from home im going through ipreditor.se, huge proxy
gesell: we are all teh spammer
gesell: is there any historical data on mpex? graphs are nice but no x,y ticks
Bowjob: Anyone wanna buy S.dice shares at havelock?
mjrIII: mp: what do you recommend for getting btc for usd
assbot: [MPEX] [S.MPOE] 4321 @ 0.00067333 = 2.9095 BTC [+]
assbot: [MPEX] [S.MPOE] 6948 @ 0.00067347 = 4.6793 BTC [+]
assbot: [MPEX] [S.MPOE] 3481 @ 0.0006755 = 2.3514 BTC [+]
mjrIII: bitfloor was going to be my preferred option
assbot: [MPEX] [S.MPOE] 8564 @ 0.0006755 = 5.785 BTC [+]
assbot: [MPEX] [S.MPOE] 9438 @ 0.00067553 = 6.3757 BTC [+]
gesell: some copumpkin of iphone dev team?
mircea_popescu: gesell all the trades are fed here via assbot and to twitter
mircea_popescu: bitfloor has that entire issue with negative equity atm.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00067042 = 2.8969 BTC [-]
assbot: [MPEX] [S.MPOE] 12100 @ 0.00067026 = 8.1101 BTC [-]
assbot: [MPEX] [S.MPOE] 1079 @ 0.00066754 = 0.7203 BTC [-]
mjrIII: yeah i heard a little about that, but i heard also that people did get bitcoins
mjrIII: i loved the fact that they offer liquidity rebates
mjrIII: someone literally told me last night, that besides the security issue, they have been fine
mircea_popescu: lol ok, besides the security issue they have been fine.
assbot: [MPEX] [S.MPOE] 12659 @ 0.00066754 = 8.4504 BTC [-]
mjrIII: ie. they still owe him money, but they have been good to work with
mjrIII: i don't want to take any usd out, just bitcoins
mircea_popescu: if you're in and out quick enough you'll prolly be ok.
mjrIII: well, thats the other thing...i like the fact i can use ING p2p
mjrIII: i just really did not want to go through mt. gox
mjrIII: but i will look into bitcoin-central.net
mjrIII: i am assuming yurp is europe right?
mjrIII: i didn't get to go to davos this year lol
mircea_popescu: other than otc they're the only ones i ever used. not really much of an expert in tradsing btc for fiat.
mjrIII: **that was sarcasm in case anyone thinks i am a rich a$$hole**
mjrIII: well, until my FPGA mining comes on line, I need to get in now
mjrIII: see if i can get a spot on mpex :)
gesell: mircea_popescu: is there a log of assbot logs of bits on this channel? just curious how one would build and analyze historical data on their own
assbot: [MPEX] [S.MPOE] 12125 @ 0.00066754 = 8.0939 BTC [-]
mircea_popescu: gesell well im sure some people are running loggers that are interested.
mircea_popescu: jurov is maintaining live.coinbr.com which does some graphing with trades
gesell: anyone know a website with the ticker price in the title of the page, so that i can just open a tab and look at the tab instead of opening pages or spreadsheets?
topace: ticker for what? btc/usd? mtgoxlive.com puts the price in thte <title>
gesell: mircea_popescu: yeah noticed his graphs.fairnough. just was wondering the state of things for getting data. == log this chan. tis okay
gesell: just in the title of the page (constantly changing)
topace: yea mtgoxlive.com does it in the title
mjrIII: it live updates in the title
mjrIII: only mt gox data though...love the interface wish it had more markets
gesell: oh man, in chrome wherever the BTC/USD prices is on the title its off the tab screen so
gesell: maybe i wasnt clear, im looking for the BTC/USD to show up just in the title of the webpage (<title>$19.25</title>)
mjrIII: shows up right in the tab bar
gesell: mircea_popescu: ooh, rss. thanks. that's a bit easier
mjrIII: thanks everyone, i gotta run but i'll be on later
assbot: [MPEX] [S.MPOE] 16900 @ 0.00066964 = 11.3169 BTC [+]
assbot: [MPEX] [S.MPOE] 2992 @ 0.0006752 = 2.0202 BTC [+]
gesell: mjrIII: the clarkmoody title doesnt have the USD/BTC price ("<title>Bitcoin Data Platform | Clark Moody Design</title>")
assbot: [MPEX] [S.MPOE] 3100 @ 0.00066964 = 2.0759 BTC [-]
maximian: mircea_popescu: did something just change on mpex? pympex is broken.
maximian: looks like messages are being wrapped in HTML, which I don't recall happening before
maximian: <title>MPEx, the Bitcoin securities exchange.</title></head><body>-----BEGIN PGP MESSAGE-----
markedathome: gesell: moody does have last price in the title, but only when a trade has occurred. It starts off with what you posted, then becomes "(20.60002) Bitcoin Data..."
mircea_popescu: and yes, website was changed to add qty@lastprice to security pages
gesell: markedathome: thanks. not seeing that happening for me yet though
gribble: BTCUSD ticker | Best bid: 20.50002, Best ask: 20.52000, Bid-ask spread: 0.01998, Last trade: 20.50002, 24 hour volume: 55471.73385830, 24 hour low: 19.19000, 24 hour high: 20.75000, 24 hour vwap: 19.81501
jurov: hi all... what did i woke up to?
gesell: markedathome: yeah, chrome. notice it works fine in safari for example
markedathome: jurov: asics online and hashing by jgarzik, btc up 1$
assbot: [MPEX] [S.DICE] 450 @ 0.00726822 = 3.2707 BTC [+]
gesell: markedathome: or something is wrong with my crhome perhaps
gesell: markedathome: refreshed, now it is working
Namworld: can I have a free test account for my tool development, mircea?
Namworld: or do you have any special test command that is accepted from any gpg key?
Namworld: like TEST and it replies SUCESS from any key, regardless if registered or not?
Namworld: Seems like it would be practical
mircea_popescu: Namworld for one, it'd allow you to test if keys are registered.
mjr_: whats the command for 30 day 7 day 24 hour
mjr_: also, has anyone else seen the spike in blocks/hour?
assbot: [MPEX:S.MPOE] 1D: 0.00064143 / 0.00066461 / 0.00067553 (1562895 shares, 1,038.72 BTC), 7D: 0.00060745 / 0.00067011 / 0.0007 (22383448 shares, 14,999.46 BTC), 30D: 0.00059445 / 0.0006563 / 0.0007 (49537424 shares, 32,511.86 BTC)
gribble: Time since last block: 5 minutes and 39 seconds
mjr_: or people cranking gpu's in expectation of asics coming lol
gribble: Time since last block: 7 minutes and 20 seconds
mjr_: yeah, just curious because of the whole avalon thing
mjr_: !ticker [MPEX:USDBTC]
assbot: Hell, ain't we about more fucked than a whore at closin' time, huh?
mjr_: exchange rate command?
gribble: BTCUSD ticker | Best bid: 20.65901, Best ask: 20.67000, Bid-ask spread: 0.01099, Last trade: 20.65900, 24 hour volume: 56676.40231858, 24 hour low: 19.19000, 24 hour high: 20.75000, 24 hour vwap: 19.83916
mjr_: so is there a way to get exchange rate for 1d/7d/30d ?
Namworld: keeps saying it cannot be done at this time and to try again later
assbot: [MPEX] [S.MPOE] 1329 @ 0.0006752 = 0.8973 BTC [+]
assbot: [MPEX] [S.MPOE] 1662 @ 0.00067553 = 1.1227 BTC [+]
assbot: [MPEX] [S.MPOE] 7009 @ 0.00067692 = 4.7445 BTC [+]
assbot: [MPEX] [S.DICE] 300 @ 0.00739499 = 2.2185 BTC [+]
jurov: Namworld, me too. get used to it :)
assbot: [MPEX] [S.MPOE] 15450 @ 0.00067691 = 10.4583 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00739499 = 7.395 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00067157 = 2.9019 BTC [-]
assbot: [MPEX] [S.MPOE] 7503 @ 0.00067138 = 5.0374 BTC [-]
assbot: [MPEX] [S.MPOE] 10497 @ 0.00067138 = 7.0475 BTC [-]
assbot: [MPEX] [S.MPOE] 5900 @ 0.00066972 = 3.9513 BTC [-]
assbot: [MPEX] [S.MPOE] 1853 @ 0.00066964 = 1.2408 BTC [-]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00067667 = 0.6767 BTC [+]
assbot: [MPEX] [S.MPOE] 347 @ 0.00066964 = 0.2324 BTC [-]
assbot: [MPEX] [S.MPOE] 6186 @ 0.00066754 = 4.1294 BTC [-]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00066703 = 0.667 BTC [-]
assbot: [MPEX] [S.MPOE] 3567 @ 0.00066703 = 2.3793 BTC [-]
assbot: [MPEX] [S.MPOE] 883 @ 0.00067667 = 0.5975 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00067667 = 0.6767 BTC [+]
assbot: [MPEX] [S.MPOE] 6984 @ 0.00067472 = 4.7122 BTC [-]
mircea_popescu: gesell i guess what started things was the dwindling supply of bitcoins due to reward halving a month or so ago
gesell: mircea_popescu: so to me there is a lot of new activity from current and established users putting more of the weight into the play
mircea_popescu: buyers msitakenly figured they can delay inversting indefintiely
mircea_popescu: once the bitcoins available for sale dried up panic gripped.
gesell: mircea_popescu: is that a pattern you think would repeat in 4 years at the next halving?
gesell: why, becaue people will be aware of the behavior?
mircea_popescu: as in, the fact that some bloke heard about it first is more important than the fact that he's smart or rich.
mircea_popescu: that is changing already and in fact the random nobody will not exist in 2017.
gesell: its changing in what way, financial services (such as mpex)?
gesell: who is the antithesis to the random bloke here
mircea_popescu: well, just, the btcs are naturally leaching towards the richer and the smarter.
mircea_popescu: that's the effect of free markets, they marginalize the common man.
gesell: due to financial services? what is "smarter" in this case?
mircea_popescu: but a simple contrast : dude hears about bitcoin and instead of going on holiday buys himself miningrigs.
mircea_popescu: now, once reward halving was pinned down, the smart bought. the stupid didn't buy, because they were mommentum trading and the mommentum wasn't moving.
gesell: do you think that "smarter" will require collectivism for more impact? uncompressing that: it seems that in brick and mortar finance the bigger fish execute with greater advantage. Would this wind up being true in Bitcoin in the future: those with greater BTC are "smarter"?
mircea_popescu: by now mommentum is moving and they're maybe buying, but the rule is quite simple : by the time the stupid gets onboard the ship is already sinking.
mircea_popescu: i don't think there's any requirement for collectivism. in fact, the main seductive guile of btc to me is how prettily it completely decouples success from any sort of collective action whatsoever.
gesell: maybe i dont have my thoughts clear. im more wondering if we will start to see the little guy (even if smart in finance) feeling he can do nothing in BTC markets because he will always be out smarted by those (even with the same understanding as him in finance) that have more BTC to play
mircea_popescu: as best i can guess the effect you describe is a result of the regulatory interplay in fiat.
gesell: it is attractive that a lot of the regulatory weight in fiat is taken out of the picture
gesell: so i also feel this huge weight lifted
gesell: but wondering if im getting too far ahead of my self with optimism
mircea_popescu: exactly. that weight mostly consists in making it impossible for someone to dominate just because they're big.
gesell: and that perhaps tradition tricks of the trade will game this market as well
mircea_popescu: irl a well run bank can't compete with a "too big to fail" bank
gesell: and on that note, is sdice too big to fail (in the bitcoin world)?
mircea_popescu: there is this very loud but imo stupid group who claim that btc is inherently unsustainable because "they are finance experts and know how to break it"
mircea_popescu: to my eyes it's much akin to the 16 yo kid that "knows hax"
gesell: wait that is close to home. how is it like a 16yo that knows hax?
mircea_popescu: heh. if indeed they could "own" bitcoin through their superior trading skills they'd be doing it, neh ?
gesell: (i mean wtf was all that huge option btc stuff going on at mpex in the chat log you put up on your blog)
mircea_popescu: that was, as best i can guess, someone insuring a large btc obligation (via the calls) and someone trying to mommentum trade (short puts)
mircea_popescu: mind that the only one time someone came close to "owning" anything was august, and if that's the case the wisdom was insider information, not smarts.
mircea_popescu: other than that, the january people kinda got it on the chin, bot made 10k
gesell: beh, wish i understood typical finance more (slow going) but interesting read
mircea_popescu: if you look at the graphs, was a large chunk of btc sold off
mircea_popescu: the grapewine abuz with the theory that that's the plan, crash btc price to rebuy cheap
gesell: doesnt seem to me that this could not happen again, or many times
mircea_popescu: the many idiots with large btc holdings obtained just for being here early are now mostly bankrupt
gesell: perhaps the last ponzi (you mean pirate) but one could still game perception to swing price (if they a legitimate, non ponzi share of perceptional influance)
gesell: and use this advantage to sell high, buy low
gesell: or deal with puts, calls, etc
gesell: avalon could have just added a month delay perhaps
mircea_popescu: if you believe in markets as the ultimate allocator of resources, then that person's gain would always be smaller than the global benefit
mircea_popescu: tbh i doubt avalon turning out to be a scam tomorrow would do anything to the price.
gesell: just because there are other asics in the pipe
mircea_popescu: if all of them, bfl, avalon, asicminer, etc go the way of basic
mircea_popescu: i mean sure ppl would get excited, but so what of it ? fpga ss till hash
gesell: but some could still be something one could game if they had insider information
assbot: [MPEX] [S.MPOE] 5200 @ 0.00067192 = 3.494 BTC [-]
gesell: could someone use the blockchain to sell widgets locally? That is, I sell two types of widgests: WidgetA for 1btc and WidgetB for 2btc. You want to buy WidgetA. You send 1btc to 1WidgetA1234560abcdeff rx with a message embedded where where you want it shipped. I mean, couldnt this be a service to kill silkroad?
pigeons: explain how the "with a message embedded where where you want it shipped" works
gesell: you can embed a message in the 1btc send
pigeons: what is an example method to embed the message
kakobreklaa: "send me <drugs> to my <home address>. ktnxbai"
gesell: encrypted(send me <widget> to my <homeaddr>)
pigeons: yeah what encoding method are you using to embed this message in a transaction?
kakobreklaa: the other thing is, how am i going to leave feedback?
gesell: from here you can also build the protocol ontop of the blockchain to exchange keys
kakobreklaa: sending some more coins with a note 'scam'
gesell: and yeah, you might even offer optional escrow and reputational services
pigeons: oh building a protocol on top of, yeah, see namecoin, colored coins, etc
gesell: yeah i know namecoin. learning about colored coins
gesell: a general reputation api/protocol on the block chain letting widget providers pick their reputation provider would be wicked
gesell: yeah i hear the question. im sure it might be. dont want to contemplate it
gesell: yeah havent looked into the technical details of how ripple uses the blockchain. but the p2p concept is clear. but its more about the 6 degrees social aspect
assbot: [MPEX] [S.MPOE] 3000 @ 0.00066957 = 2.0087 BTC [-]
pigeons: ripple doesn't use the bitcoin blockchain, but it has its own blockchain called the "ledger"
pigeons: but yes you choose which issuers to deal with and how to value them versus other issuers in ripple
assbot: [MPEX] [S.MPOE] 15314 @ 0.00066957 = 10.2538 BTC [-]
gesell: the advantage of using The blockchain as apposed to a new one is that you can use blockchain.info for all sorts of purposes (finding WidgedA sellers, checking reputation) and its a little harder to kill blockchain.info which has plenty of legal use, than specialwidgetsellerblockchain.info. So you could basically do silkroad without Tor
gesell: or at least, Tor is optional then
pigeons: satoshi said he prefers new blockchains for this sort of stuff
gesell: yeah well sdice told satoshi to fuck off so
pigeons: yeah what a slap, use his name for cred too !
gesell: satoshi for pres 2016, lulzsec for VP
gesell: kakobreklaa: what would be like torrent?
gesell: kakobreklaa: a seperate blockchain for widget selling?
gesell: kakobreklaa: or using the existing one
kakobreklaa: if youd kill blockchain.info, 10 more would pop up, same as with torrent sites
assbot: [MPEX] [S.DICE] 1650 @ 0.00739499 = 12.2017 BTC [+]
gesell: i know but somehow i think if you kill the special widget blockchain front end (widgetblockchain.info) it would take a while to adjust.
pigeons: blockchain.info is slick, but i hate it when people think it is "official" or the only one
gesell: im trying to liberate subversive services from the Tor only option
gesell: i dont want to use use the or a blockchain as a database but also use it as the means for discovery of services, as well as the store and discovery for reputation
gesell: would be ellegant to have all of that information in the same protocol that exchanges wealth for purchase
pigeons: looks like colored coins is your best bet for that, but i still don't think the bitcoin blockchain is the best place
gesell: thanks for the rebase. time to dig into colored coin again
mircea_popescu: gesell currently the prtoblem with bitcoin is that ther blocks are too small to contain the transactions
mircea_popescu: im pretty sure your bloatyblocks with messages in them would get dropped a liot.
assbot: [MPEX] [S.MPOE] 8936 @ 0.00066957 = 5.9833 BTC [-]
assbot: [MPEX] [S.MPOE] 10300 @ 0.00067202 = 6.9218 BTC [+]
assbot: [MPEX] [S.MPOE] 314 @ 0.00067342 = 0.2115 BTC [+]
gesell: "As was widely suspected in the case of GLBSE and eventually turned out correct, the lack of track record and regulatory compliance exacerbate the risk of unclean shutdown, throwing asset issuers and holders to limbo."
gesell: anyone have a good reference on the history of GLBSE and its closure?
pigeons: gesell: its been done to death
gesell: in specific that point about "regultory compliance" id like to uncompress
pigeons: nefario is asked questions about regulation at a conference in london, he says "who cares, can't get me"
assbot: [MPEX] [S.MPOE] 8802 @ 0.00067342 = 5.9274 BTC [+]
gribble: There are currently 0 bitcoins offered at or under 20.0 USD, worth 0.0 USD in total.
assbot: [MPEX] [S.MPOE] 1438 @ 0.0006769 = 0.9734 BTC [+]
assbot: [MPEX] [S.MPOE] 360 @ 0.00067691 = 0.2437 BTC [+]
pigeons: 2 weeks later he says black helicopters are after him and he shuts everything down
gribble: There are currently 4974.838 bitcoins offered at or under 21.0 USD, worth 104084.623608 USD in total.
assbot: [MPEX] [S.MPOE] 11100 @ 0.00066942 = 7.4306 BTC [-]
gesell: pigeons: black helicopters always get the best of us
pigeons: this was a few weeks after the SEC was investigating "bitcoin denominated securites"
pigeons: and they seemed more interested in glbse when interviewing folks than in pirateat40
gesell: yeah and everyone knows the SEC loves some black helicopters
pigeons: but there is no indication that there was any contact even with nefario by them
mircea_popescu: guy just had a bad trip, ended up convinced "they're after him"
gesell: author of colored coin argues for using bitcoin blockchain is better than deploying a new chain due to security of pooled hashrate. other options given are subject to the long tail of adoption. also, still going through it, appears to focus on tie tokens to assets. the asset of a widgetA isnt so important to me as the reputation of the source (rx addr) for widgetA. So I have to contemplate how to use colored coin for reputation. but ignorin
pigeons: there is some discussion on the ripple list last couple days on this, with intended application of seller reviews
assbot: [BTCTC] [B.YABMC] 10 @ 0.0234 = 0.234 BTC [-]
gesell: pigeons: will check it out. thanks
gesell: ripple threat on bitcointalk or somewhere else?
assbot: [BTCTC] [B.YABMC] 29 @ 0.0233 = 0.6757 BTC [-]
jurov: mjrIII, btw i just added calculator to coinbr options exercise screen, if you have bought any options you can click on Exercise and see the estimated yield.
jurov: <mircea_popescu> [11:04:46] mjrIII bitfloor is a bitcoinica clone running stolen code <<< you confuse it with bitfinex, no?
pigeons: also see proposed OTC WoT v2 from #bitcoin-wot and privwiki.dreamhosters.com/wiki/Distributed_Web_of_Trust_Proposal_2
gesell: (the bible talks about a 1000 year reign of peace and tranquility. I wonder if in the end we will realize this is dependent on the dificulting of factoring 'n' into p and q)
mircea_popescu: and unrelatedly : anyone starting any sort of business and naming it bit* bitcoin* or *coin IS AN IDIOT
mircea_popescu: i can't fucking keep track of them anymore, it's all a blur. plus when i go to type into the url bar i have to type an entire word!
assbot: [MPEX] [S.MPOE] 10600 @ 0.00067228 = 7.1262 BTC [+]
gesell: thanks mircea_popescu and pigeons
assbot: [MPEX] [S.MPOE] 24200 @ 0.00067228 = 16.2692 BTC [+]
mjr_: in the analogy of bitcoin as cash...
mjr_: if your harddrive crashes
mjr_: you have destroyed currency...
mjr_: in other words, there are bitcoins which can never be spent at this point correct?
pigeons: yes, i've contributed to them
mjr_: equivalent to gold in sunken pirate ships?
pigeons: in your imagination, sure why not
pigeons: yeah easier to find the gold than the chance of guessing the key
mjr_: my point was not to try and find this
mjr_: but in how it would affect the scarcity of bitcoins
mjr_: since everyone and there mom throws around the 21 million number
mjr_: just curious what effect if any that would have
assbot: [MPEX] [S.MPOE] 2383 @ 0.00066942 = 1.5952 BTC [-]
assbot: [MPEX] [S.MPOE] 10867 @ 0.00066624 = 7.24 BTC [-]
kakobreklaa: so loosing a million coins out of 20 wont do much
jurov: lol i realized if some tards succeed to get btc recognized as currency, they can be prosecuted for debasement whenever their hdd crashes without backups
mjr_: joker style...it's about sending a message <takes hammer to hard drive>
mjr_: jurov: you mean debasement as in melting down US coins? Cuz you are actually increasing the average value i would imagine
jurov: yes, i mean it as law understands it
mjr_: some men just want to see the world burn
mjr_: so frustrated with banking right now
mjr_: 2 days to link account, 2 days to transfer
error4733: +9K since the last dooglus update for S.DICE. 20K for January
assbot: [MPEX] [S.MPOE] 6433 @ 0.00066624 = 4.2859 BTC [-]
assbot: [MPEX] [S.MPOE] 3951 @ 0.00066611 = 2.6318 BTC [-]
assbot: [MPEX] [S.MPOE] 9812 @ 0.00066611 = 6.5359 BTC [-]
assbot: [MPEX] [S.MPOE] 4088 @ 0.00066566 = 2.7212 BTC [-]
error4733: 8h if you want a piece of dividends !! 10K S.DICE = 2BTC @15h15UTC
assbot: [MPEX] [S.DICE] 200 @ 0.007261 = 1.4522 BTC [-]
assbot: [MPEX] [S.DICE] 300 @ 0.00726 = 2.178 BTC [-]
assbot: [MPEX] [S.DICE] 1255 @ 0.00705825 = 8.8581 BTC [-]
assbot: [MPEX] [S.DICE] 1145 @ 0.00705422 = 8.0771 BTC [-]
mircea_popescu: <mjr_> since everyone and there mom throws around the 21 million number << that number will be reached sometime in 2150
mircea_popescu: tho life expectancy has been mostly growing faster than my age for the past decades.
pigeons: what is the bitbet.us link to if mircea_popescu lives to 2150?
jurov: i suspect not very high. over time there will be enough ppl willing to assassinate him
mircea_popescu: actually teh number of people willing to assasinate me is probably towards the lowest historical point atm
mircea_popescu: im only pissing off a buncha pasty ass computer geeks currently.
assbot: [MPEX] [S.MPOE] 4600 @ 0.00066748 = 3.0704 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 15 @ 0.3351 = 5.0265 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 2 @ 0.3301 = 0.6602 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.33 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 5 @ 0.33 = 1.65 BTC [-]
pigeons: hmm i wonder is BASIC-MINING intended to mine with bASICs
assbot: [BTCTC] [BASIC-MINING] 3 @ 0.3399 = 1.0197 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.34 BTC [+]
assbot: [MPEX] [S.MPOE] 18100 @ 0.00066748 = 12.0814 BTC [+]
assbot: [MPEX] [S.MPOE] 10000 @ 0.00066748 = 6.6748 BTC [+]
assbot: [MPEX] [S.MPOE] 4887 @ 0.00066566 = 3.2531 BTC [-]
assbot: [MPEX] [S.MPOE] 5600 @ 0.00066478 = 3.7228 BTC [-]
assbot: [BTCTC] [RSM] 89 @ 0.0091 = 0.8099 BTC [+]
assbot: [BTCTC] [RSM] 20 @ 0.0092 = 0.184 BTC [+]
assbot: [MPEX] [S.MPOE] 3908 @ 0.00066401 = 2.595 BTC [-]
gesell: mircea_popescu: how often does the mpex RSS update. not showing a lot of recent trades
gesell: no i meant is there a delay from the values showing up here and showing up on the rss
mircea_popescu: at least hacven't received any complaints on the matter so far.
kakobreklaa: which remembers me i promissed some dude ill add it to bitbet
jurov: well, live.coinbr uses rss. but so far i did not notice missing trades there
jurov: btw, is the assapi public? i mean, mpex side of it
kakobreklaa: exchanges get access to url to push trades in
jurov: hmmm.. and when assbot fails,are they queued?
assbot: [MPEX] [S.MPOE] 7600 @ 0.00066401 = 5.0465 BTC [-]
assbot: [HAVELOCK] [SDICE] 6 @ 0.759 = 4.554 BTC [+]
assbot: [MPEX] [S.MPOE] 2443 @ 0.00066401 = 1.6222 BTC [-]
assbot: [MPEX] [S.MPOE] 7307 @ 0.00066383 = 4.8506 BTC [-]
assbot: [MPEX] [S.MPOE] 5613 @ 0.00066432 = 3.7288 BTC [+]
assbot: [MPEX] [S.MPOE] 5087 @ 0.00066748 = 3.3955 BTC [+]
pizzaman1337: mircea_popescu: I have a present for you in your mailbox :)
assbot: [MPEX] [S.MPOE] 4400 @ 0.00066383 = 2.9209 BTC [-]
assbot: [MPEX] [S.MPOE] 12053 @ 0.00066748 = 8.0451 BTC [+]
assbot: [MPEX] [S.MPOE] 760 @ 0.00067067 = 0.5097 BTC [+]
gesell: i want to understand, but cant. not that im complaining
smickles: it's like the market was brainwashed with the phrase 'another day, another dollar'
gribble: BTCUSD ticker | Best bid: 20.85001, Best ask: 20.90999, Bid-ask spread: 0.05998, Last trade: 20.85001, 24 hour volume: 67820.77842782, 24 hour low: 19.39660, 24 hour high: 20.97000, 24 hour vwap: 20.09227
gribble: BTCUSD ticker | Best bid: 20.95000, Best ask: 21.00110, Bid-ask spread: 0.05110, Last trade: 21.00111, 24 hour volume: 70551.15359422, 24 hour low: 19.39660, 24 hour high: 21.00111, 24 hour vwap: 20.12700
assbot: [HAVELOCK] [SDICE] 5 @ 0.749 = 3.745 BTC [-]
assbot: [MPEX] [S.DICE] 200 @ 0.00705423 = 1.4108 BTC [+]
assbot: [MPEX] [S.DICE] 155 @ 0.00705422 = 1.0934 BTC [-]
smickles: mircea_popescu: you really like to use those charts now, eh?
gribble: BTCUSD ticker | Best bid: 21.22165, Best ask: 21.26343, Bid-ask spread: 0.04178, Last trade: 21.26343, 24 hour volume: 71060.56862533, 24 hour low: 19.40450, 24 hour high: 21.26343, 24 hour vwap: 20.14486
smickles: mircea_popescu: oh, i was confused. I thought that blockchain chart was one of those thinkercharts you used earlier
smickles: oh, hey. is ther rota dead to the point that it shouldn't be mentioned in new contracts as the dispute resolution method?
mircea_popescu: smickles well it's only dead to the point that i wouldn't currently trust it with a case involving my or mpex's interests
assbot: [MPEX] [S.MPOE] 5400 @ 0.00066486 = 3.5902 BTC [-]
assbot: [MPEX] [S.MPOE] 4473 @ 0.00066912 = 2.993 BTC [+]
assbot: [MPEX] [S.MPOE] 77 @ 0.00066951 = 0.0516 BTC [+]
smickles: so if it's at or near 30 tomorror, probaby time to buy some puts or somehting
BingoBongo: Well, Thursday was the day last week for a spike followed by "This is moving too fast" sobriety
gribble: BTCUSD ticker | Best bid: 20.80001, Best ask: 20.88000, Bid-ask spread: 0.07999, Last trade: 20.90996, 24 hour volume: 72209.06640419, 24 hour low: 19.40450, 24 hour high: 21.30000, 24 hour vwap: 20.22626
thestringpuller: i read in fortune in 2011: we dont know of it is a bubble until it pops
mircea_popescu: thestringpuller by the time you're buying it it will be
smickles: thestringpuller: generally, you cut losses and let profits ride, that's why, when you suspect a bubble, you don't sell all. you hedge your position
smickles: essentially, weaken future potential profits in order to preserver the current ones
gesell: mircea_popescu: do you see any new companies coming into the mpex fold? also i assume you just avoid including all the miner pools, correct?
gesell: by coming into the fold i mean, ipos
mircea_popescu: in practice, good companies with revenue and market don't much want to list because why share your profits
mircea_popescu: and also why put up with idiots a la PsychoticBoy eskimoblob etc filling up the forum with nonsense
gesell: to support bitcoin, aggressive expansion (advertising)
gesell: pizzaman1337: to cover their risks, and expansion
mircea_popescu: pizzaman1337 well, for multiplereasons. there's a lot of benefit to being listed as a dice site
smickles: lol, that image.. the "why did I get this?" link
mircea_popescu: because you can very convincingly argue you can afford to pay wins
PsychoticBoy: <mircea_popescu> and also why put up with idiots a la PsychoticBoy eskimoblob etc filling up the forum with nonsense<< LOL
gesell: mircea_popescu: is any part of the process and application for ipos public, posted as news, by you or them? or is it pretty much until it happens. i mean, even knowing when a new company will release ipos there might be a nice way to get an alert
assbot: [MPEX] [S.MPOE] 11350 @ 0.00066951 = 7.5989 BTC [+]
DeadWeasel: I don't think bitcoin needs 'aggressive expansion'.
gesell: mircea_popescu: yeah that is the means for exploring signing up with you. im just curious if investors can get a headsup when this starts, or at least when its going to happen. rather than just refreshing the mpex website all the time
mircea_popescu: gesell in general ipos are announced in advance. were you around during the bbet ipo ?
gesell: no, i wasnt. left the scene for a while until dec last year
assbot: [MPEX] [S.MPOE] 12423 @ 0.00066951 = 8.3173 BTC [+]
assbot: [MPEX] [S.MPOE] 2177 @ 0.00067067 = 1.46 BTC [+]
gesell: where do you anounce, on blog (with a certain category i can monitor) or here, or twitter, or?
mircea_popescu: ok, so, site was opened for beta, it was announced it will ipo in 5 days,
assbot: [MPEX] [S.MPOE] 4956 @ 0.00066707 = 3.306 BTC [-]
assbot: [MPEX] [S.MPOE] 11050 @ 0.00066656 = 7.3655 BTC [-]
assbot: [MPEX] [S.MPOE] 3494 @ 0.00066647 = 2.3286 BTC [-]
gesell: where was it announced, blog and mpex site, that all?
mircea_popescu: in general i'll say something here and mpoe-pr will make an announcement on forum
gesell: sorry to get specific but id just like to monitor the progress
mircea_popescu: course people are allowed to announce their ipo wherever they want
smickles: aslo, it shows up on mpex.co, but you're unable to trade it
gesell: im just assuming there will be a day im not so active with bct and might only monitor once a month
gesell: but there are certain things id like to know right away
gesell: such as new companies going public'ish
mircea_popescu: well, if anyone actually starts a real analyst service for btc finance
mircea_popescu: it really boggles me that this isn't moving, the need for btc finance news is marked and yet... crckets
gesell: someone should just grab googles and others from the forum and cuddle them for a while, until eventually having such a service
gesell: goodles, whatever his name is
gesell: the couple pay for btc financial analysis services seem like crap, that are out there at the moment
DeadWeasel: problem is the forum isn't good new with so much trolling, and google pickups are too sparse. but in time news should pick up enough.
mircea_popescu: DeadWeasel i imagine something like a blog would be great.
smickles: 't need to provide the service
smickles: just build the organization which pays the the people who do
mircea_popescu: i think tbh, most people on mpex are btc addicts, reading it all multiple times a day
smickles: how hard is it to receive btc payments and pay employees/contractors/freelancers?
DeadWeasel: that would fit the definition of blog. trolling and updated every 3 days or less
gesell: smickles: a spreadsheet?
assbot: [MPEX] [S.MPOE] 11150 @ 0.00066647 = 7.4311 BTC [-]
smickles: gesell: how much would you pay for a subscription to 'btc finance'
gesell: mircea_popescu: yeah feels like a lot of day traders around (or that type of fervant observation)
mircea_popescu: gesell i suppose the alternative would be to just invest in a fund, and let the manager worry about daily news
mircea_popescu: of course, due to the idiocy that was glbse, it will be a little while yet before people trust such funds
gesell: smickles: i'd expect it to cover options, dirivitives, cover some hot topics ("why 21 without huge influx of new users?", with data) and have code to pwn blockchain analysis. I'd pay a BTC a month at the moment
gesell: and im sure those with more money in the market would pay a lot more
gesell: also, consider that your "experts" will get requests from big players. you will note on the sdice analysis thread mr sdice asked two people for help in analysis privately
gesell: so you'll have consultancy on the side
assbot: [MPEX] [S.DICE] 4450 @ 0.00651702 = 29.0007 BTC [-]
assbot: [MPEX] [S.DICE] 1550 @ 0.00651712 = 10.1015 BTC [+]
smickles: ok, who would be willing to write these articles for .3 btc per article?
gesell: i think you just find the people doing it and pay them a little to do it as a collective. you guide them in how to give enough information publicly but have more privately. for example dougles could put half the detail he does on his analysis of sdice and still provide huge value publicly and the rest privately
mircea_popescu: i doubt you could get him to go for a scheme like that
gesell: for example, was thinking about this today
gesell: the analysis sdice is nice but i'd like to see someone reverse engineer the blockchain to try to determine the PRNG sdice is depending on, then explore potential weaknesses or just confirm there are none. Maybe show where in the history the PRNG changed. but thats more hacker type of analysis
gesell: to me they all mix though
smickles: yeah, thing about dooglas, anyone could do that. so if you put up a pay wall, someone else will run the script publically
gesell: psuedo-number-random-generator
gesell: i dont know the internals yet but i assume the calculations on winning nubmers depend on some randomness
smickles: well, i have a hunch I could produce 1 article per day, if only I had the writers
mircea_popescu: "Pastebin dump of a letter from SEC sent to several people who ran "funds" on GLBSE. Forum statements about people calling the attorney on the letter and providing statements. Not clear if it was just elaborate trolling..."
gesell: im also assuming a PRNG is involved (/dev/random, etc)
mircea_popescu: the randomness for s.dice is provided by the blockchain itself.
gesell: yeah and extrapolate back to where bitcoin depends on a PRNG
Bugpowder: S.DICE back over 20,000 for the month
assbot: [MPEX] [S.DICE] 49 @ 0.0069328 = 0.3397 BTC [+]
mircea_popescu: smickles there were rumours of some actual glbse investigation, i was never able to obtain anything whatsoever
gribble: There are currently 0 bitcoins offered at or under 20.46 USD, worth 0.0 USD in total.
gribble: There are currently 530.07335 bitcoins offered at or under 21.46 USD, worth 11327.2941393 USD in total.
assbot: [MPEX] [S.DICE] 1 @ 0.00724211 BTC [+]
smickles: Bugpowder: would you write articles about the btc finance world for a starting wage of .3 btc per article?
smickles: you'd get raises proportional to the # of subscribers :D
jurov: bugpowder, i can throw in another 0.3
smickles: jurov: you can be a subscriber, i'm the boss here
gesell: mircea_popescu: yeah i guess i should understand how sdice works
mircea_popescu: everyone wants to be an entrepreneur, nobody wants to do any work anymore
smickles: btw jurov, would you write articles for .3 btc each starting out ?
jurov: maaybe somethign short. when i'm in mood
smickles: it doesn't have to be long, just newsworthy or quality information
gesell: I'll retweet Bugpowder for 0.03btc
pigeons: i pastebinned the letter i got from the sec, i verified it was from the sec, i know lots of people who talked with the sec and they wanted to know, "how did you get your glbse account?" "who promotes glbse?" etc
smickles: ok, what about 2.1 BTC per article?
assbot: [BTCTC] [BTC-BOND] 499 @ 0.01 = 4.99 BTC [+]
jurov: 2.1BTC is much fairer game
mircea_popescu: honestly, i think the only way that idea will work is owner-operated
Bugpowder: yeah you want to make money on the back end too
mircea_popescu: don't tell me ruby is blown wide open twice in three weeks
gesell: yeah this is in yaml JSON processing, and we know btc looooves them some JSON
DeadWeasel: and those are the KNOWN vulnerabilities
mircea_popescu: anyway, vircurex/cryptostocks got owned, bitfinex escaped through global disinterest.
jurov: gesell, what about php :D
mircea_popescu: there's plenty more on ruby. glbse escaped through being already dead.
assbot: [BTCTC] [GSDPT] 100 @ 0.0075 = 0.75 BTC [+]
assbot: [BTCTC] [B.YABMC] 25 @ 0.0265 = 0.6625 BTC [+]
smickles: well, 10 subscribers per writer at 1btc per subscription means 1 article per week per writer. writers paid 2.1 btc per article, and a decent rake for the operator
gesell: (ruby, pyton, whitespace)?
DeadWeasel: owner operated with ad rev is your best bet
jurov: these "technical anal" dudes get paid quite nicely i heard
gesell: whats technical anal? and ill try to avoid all the puns that come to mind
smickles: DeadWeasel: i think you're wrong, a few people have already said that they'd pay 1 btc per month
smickles: gesell: technical analysis applied to bitcoin
jurov: many of them have closed paid newsletter
gesell: i really find that site stupid
gesell: it states the obvious and draws sime lines
gribble: Current Blocks: 211512 | Current Difficulty: 3438908.9601591 | Next Difficulty At Block: 211679 | Next Difficulty In: 167 blocks | Next Difficulty In About: 1 day, 2 hours, 15 minutes, and 22 seconds | Next Difficulty Estimate: 3385331.85509049 | Estimated Percent Change: -1.557968114
jurov: and ddif goes down. yea.
mircea_popescu: bitcoincharts reports Difficulty 2968775 Estimated 3111301 in 800 blks
smickles: 1btc per month, news and research on all the 'bitcoin assets'
jurov: i can write funny summary of happenings between ukto and burnside :D
jurov: including the aftermath, they tend to come to me separately for a cookie and soothing word
smickles: I think i can get dooglus to present information tailored to shareholders, rather than just the curious
smickles: *shareholders and potential investors, that is
gribble: BTCUSD ticker | Best bid: 21.25025, Best ask: 21.38000, Bid-ask spread: 0.12975, Last trade: 21.25000, 24 hour volume: 80777.74688070, 24 hour low: 19.42552, 24 hour high: 21.43000, 24 hour vwap: 20.34921
gesell: does anyone know if exchanges operate their own bots. ive noticed bots responding to bids with <500ms delay to my bids on one exchange
assbot: [MPEX] [S.MPOE] 5106 @ 0.00066647 = 3.403 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00066384 = 2.8685 BTC [-]
assbot: [MPEX] [S.MPOE] 4297 @ 0.00066383 = 2.8525 BTC [-]
assbot: [MPEX] [S.MPOE] 7102 @ 0.00066299 = 4.7086 BTC [-]
gesell: smickles: throw into it your monitoring of this channel and mpex. get share holder info automated where possible, have an article every month... a couple other pretty graphs. and your done
gesell: for instance, historical data of mpex might be usefull and not provided anywhere yet
gesell: mircea_popescu: bitcoin-24
gesell: smickles: most of it could be public. for instance mircea's insight on pirate insider trading. but you could have comments to that private to subscribers
gesell: already with that you provide a nice community
gesell: smickles: mircea_popescu might even help you by giving you a dump of the historical trades ;)
gesell: bitcoin-24 is very close to mtgox price
jurov: i'll write a book "MPEx: The Missing Manual" and sell it for 10BTC. dead trees only.
gesell: they take no cover for trades
gesell: bitcoin-24 is only based on donations atm
gesell: scary as sht from the security perspective. but then again, maybe they their money by cherry picking trades via the backend and bots
assbot: [MPEX] [S.MPOE] 2926 @ 0.00066299 = 1.9399 BTC [-]
assbot: [MPEX] [S.MPOE] 2772 @ 0.00066299 = 1.8378 BTC [-]
assbot: [MPEX] [S.MPOE] 5650 @ 0.00066144 = 3.7371 BTC [-]
assbot: [MPEX] [S.MPOE] 4378 @ 0.00066042 = 2.8913 BTC [-]
DeadWeasel: I'll OCR that shit and sell it for 5BTC, of course I'll only sell one before it's a torrent, and we're both screwed.
DeadWeasel: How about someone writes a guide on how to handle their taxes when they have BTC?
gesell: then ill take the torrent, cut it up into tweet size segments, and embed it in the blockchain
gesell: man that message feature for the chain is gonna be a disaster some day
gesell: then again, maybe its exactly what moorse law needed
assbot: [MPEX:S.MPOE] 1D: 0.00065258 / 0.0006662 / 0.00067692 (1721184 shares, 1,146.66 BTC), 7D: 0.00061382 / 0.00067113 / 0.0007 (22322554 shares, 14,981.48 BTC), 30D: 0.00059445 / 0.00065641 / 0.0007 (49935623 shares, 32,778.42 BTC)
assbot: [MPEX] [S.MPOE] 20122 @ 0.00066042 = 13.289 BTC [-]
assbot: [MPEX] [S.MPOE] 283 @ 0.00065946 = 0.1866 BTC [-]
assbot: [MPEX] [S.MPOE] 4100 @ 0.00065946 = 2.7038 BTC [-]
mircea_popescu: jeez negative q4 gdp. they're fucked over there aren't they.
DeadWeasel: can anybody point me to a guide on how to pay taxes on my BTCs? Do I need to?
jurov: your computed catched that bitcoin malware
DeadWeasel: you don't pay taxes when you buy whatever it is to play farmville, right?
JohnGalt1337: dunno about us tax code, but you have to tax any income but from games it is usally too small
JohnGalt1337: if it's under 20k you have it's meh, over that ask some tax advisor
DeadWeasel: and it's not income until you sell it, right?
JohnGalt1337: that's for sure, some countries may have fictive income
assbot: [BTCTC] [B.YABMC] 7 @ 0.0217 = 0.1519 BTC [-]
assbot: [BTCTC] [B.YABMC] 171 @ 0.0216 = 3.6936 BTC [-]
assbot: [BTCTC] [B.YABMC] 10 @ 0.0215 = 0.215 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.0213 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.021 BTC [-]
assbot: [BTCTC] [B.YABMC] 150 @ 0.0202 = 3.03 BTC [-]
assbot: [BTCTC] [B.YABMC] 50 @ 0.0201 = 1.005 BTC [-]
gribble: Error: invalid syntax (<string>, line 1)
gribble: Error: invalid syntax (<string>, line 1)
gribble: Error: invalid syntax (<string>, line 1)
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006596 = 2.8501 BTC [+]
assbot: [MPEX] [S.MPOE] 879 @ 0.00065946 = 0.5797 BTC [-]
assbot: [MPEX] [S.DICE] 1241 @ 0.00668864 = 8.3006 BTC [-]
assbot: [MPEX] [S.DICE] 59 @ 0.00665746 = 0.3928 BTC [-]
assbot: [MPEX] [O.BTCUSD.C190T] 5 @ 0.20602845 = 1.0301 BTC [+]
assbot: [MPEX] [O.BTCUSD.C180T] 5 @ 0.23256963 = 1.1628 BTC [+]
assbot: [MPEX] [O.BTCUSD.C160T] 5 @ 0.29273405 = 1.4637 BTC [+]
assbot: [MPEX] [S.MPOE] 11788 @ 0.00065946 = 7.7737 BTC [-]
assbot: [MPEX] [S.MPOE] 6363 @ 0.00065883 = 4.1921 BTC [-]
assbot: [BTCTC] [GSDPT] 2 @ 0.0074 = 0.0148 BTC [-]
assbot: [MPEX] [S.MPOE] 3937 @ 0.00065883 = 2.5938 BTC [-]
assbot: [MPEX] [S.MPOE] 13450 @ 0.00065725 = 8.84 BTC [-]
assbot: [MPEX] [S.MPOE] 14184 @ 0.00065669 = 9.3145 BTC [-]
assbot: [MPEX] [S.MPOE] 2829 @ 0.00065564 = 1.8548 BTC [-]
assbot: [MPEX] [S.MPOE] 2394 @ 0.00066117 = 1.5828 BTC [+]
assbot: [MPEX] [S.MPOE] 5142 @ 0.00066223 = 3.4052 BTC [+]
assbot: [MPEX] [S.MPOE] 2900 @ 0.00066591 = 1.9311 BTC [+]
assbot: [MPEX] [S.MPOE] 554 @ 0.00067067 = 0.3716 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00067103 = 2.8995 BTC [+]
assbot: [MPEX] [S.MPOE] 4839 @ 0.00067104 = 3.2472 BTC [+]
kakobreklaa: maybe they are having a drink with tom somewhere
imsaguy: You know who else was always cocky with the clients? Pirate and that ended well.
mircea_popescu: i had just about zero faith in any of them people producing working asic miners.
mircea_popescu: course, it's still not cut and dried, the recent uptick in hashrate may well be people putting old gpus online cause of price increase
imsaguy: price increase>difficulty increase
assbot: [MPEX] [S.MPOE] 3100 @ 0.00067103 = 2.0802 BTC [-]
mircea_popescu: i imagine with btc over 20 pretty much everyone turned on everything they could.
gribble: BTCUSD ticker | Best bid: 21.19101, Best ask: 21.24999, Bid-ask spread: 0.05898, Last trade: 21.29900, 24 hour volume: 88825.09670330, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.45318
gribble: 1 BTC = 21.29900 U.S. dollars = 15.7188192 Euros
jurov: just 0.04 from that bitbet bid... as if exactly calculated to keep the suspense
jurov: (disclosure: I have bet No)
Bugpowder: DeadWeasel, IANAL but a conservative position would be that any dividends or payments to you in bitcoin is considered income at the current exchange rate and should be reported. Any price gains in bitcoin holdings would be treated as capital gains upon sale of the coins
mircea_popescu: Bugpowder the btc graph is copying your portofolio graph
imsaguy: Where's the short squeeze when you need it?
imsaguy: mircea_popescu, you know as well as I do, that things won't run away forever
imsaguy: at some point, there is always a ceiling
imsaguy: well, given your track record with asics, that means nothing.
imsaguy: jcpham, I'm pretty long ;)
jcpham: that's what the the ladies say about me too
jcpham: you can squueze my shorts
jcpham: i'll make a video for you
jcpham: showing my shorts be squoze
assbot: [MPEX] [S.MPOE] 6106 @ 0.00067089 = 4.0965 BTC [-]
DeadWeasel: Bugpowder: that's what I expect. Fortunately I've realized no gains as I've sold nothing. I only hold BTCs, not assets, I'm here trying to figure out if I want to.
assbot: [MPEX] [S.DICE] 700 @ 0.00689774 = 4.8284 BTC [+]
assbot: [MPEX] [S.DICE] 1100 @ 0.00693297 = 7.6263 BTC [+]
assbot: [MPEX] [S.DICE] 300 @ 0.00698411 = 2.0952 BTC [+]
assbot: [MPEX] [S.MPOE] 15450 @ 0.00067089 = 10.3653 BTC [-]
gribble: There are currently 20903.827 bitcoins offered at or under 25.0 USD, worth 479496.181721 USD in total.
gribble: BTCUSD ticker | Best bid: 21.10002, Best ask: 21.21999, Bid-ask spread: 0.11997, Last trade: 21.21999, 24 hour volume: 89530.44568844, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.47918
assbot: [MPEX] [S.MPOE] 5577 @ 0.00067089 = 3.7416 BTC [-]
assbot: [MPEX] [S.MPOE] 16300 @ 0.00067104 = 10.938 BTC [+]
mod6: It looks like it might run up to $25 though. The word is out on coinz though. My buddies keep blowing up my phone "OMG MOD6 MAKE US POKER SITE NOW!!!111"
assbot: [BTCTC] [GSDPT] 100 @ 0.0074 = 0.74 BTC [-]
mod6: I mean these guys are not IT people or anything, just poker guys who are dying to play online again.
mod6: gonna just have to get some seed money maybe to hire d00dz to help me with dev. or clone myself 69 times.
assbot: [MPEX] [S.MPOE] 6311 @ 0.00067104 = 4.2349 BTC [+]
assbot: [MPEX] [S.MPOE] 21689 @ 0.00067228 = 14.5811 BTC [+]
mod6: ya! i told 'em about seals with clubs
mod6: haha. i dunno. i liked seals with clubs.
mod6: i played there a few times when coins were like $3
mod6: just checkin it out... you know?
awkorama: mod6> so you are putting together an it team for poker site?
assbot: [BTCTC] [RSM] 30 @ 0.0091 = 0.273 BTC [-]
assbot: [MPEX] [S.MPOE] 1551 @ 0.00067089 = 1.0406 BTC [-]
assbot: [MPEX] [S.MPOE] 3299 @ 0.00066114 = 2.1811 BTC [-]
assbot: [MPEX] [S.MPOE] 1221 @ 0.00067224 = 0.8208 BTC [+]
assbot: [MPEX] [S.MPOE] 6824 @ 0.00067228 = 4.5876 BTC [+]
assbot: [MPEX] [S.DICE] 800 @ 0.0068976 = 5.5181 BTC [-]
assbot: [MPEX] [S.DICE] 200 @ 0.00724211 = 1.4484 BTC [+]
mircea_popescu: micon is marginally relevant. i mean, he's the site's stuffie. who cares whart he does ?
mircea_popescu: i'm just guessing it's a waste of effort to reimplement something that already exists and works.
assbot: [HAVELOCK] [SDICE] 2 @ 0.69 = 1.38 BTC [-]
assbot: [HAVELOCK] [SDICE] 6 @ 0.685 = 4.11 BTC [-]
rng29a: mircea_popescu: it's very slow today
mod6: awkorama: well, I guess im gonna be meeting with some of these guys to see if they wanna put their money where their mouth is.
mod6: I'll let yall know what's up, I'm certainly gonna need dev help.
assbot: [MPEX] [S.DICE] 672 @ 0.00683849 = 4.5955 BTC [-]
assbot: [BTCTC] [COGNITIVE] 3 @ 0.3299 = 0.9897 BTC [+]
mod6: Well, from what it sounds like, they want something similar to Pokerstars
mod6: These guys were told about btc and poker a while ago but they blew it off. Now they want to get their foot in the door.
mircea_popescu: i wouldn't mind listing a poker site if it were any good.
dub: hehe you're asking for it
mod6: well, these guys already have a firm foothold in legal gambling here in mn anyway.
mod6: so... im not sure. gotta talk to 'em and see what makes sense. I think they're starting to see that BTC is the way of the future. Imagine all of the old ladies and their iPad's playing slots at home...
assbot: [MPEX] [S.MPOE] 14800 @ 0.00067228 = 9.9497 BTC [+]
mod6: ding ding ding ding ding
mod6: but yeah, I'll really need the help with some of this stuff if they're serious. I'll let you guys know more when I do :)
dub: what we need is a big hack, gox would do
error4734: something big is going on for hacking in BTC !
assbot: [MPEX] [S.DICE] 1281 @ 0.00668006 = 8.5572 BTC [-]
mod6: well, hacks come and go. they're there to remind us to secure our BTC properly, right?
error4734: it's good is just for small change
mod6: I thought it was gonna be the asics too.
mircea_popescu: we need a strategic diversion before they blow up as scams
dub: im guessing its evorhees getting gitmo'd
dub: him or that mircea_popescu guy
mod6: let us srsly hope not.
mircea_popescu: bah. why doesn't anyone think erik is mpoe-pr instead!
error4734: srsly, how much beer do you drink before writting this FAQ ?
assbot: [MPEX] [S.MPOE] 8300 @ 0.00066191 = 5.4939 BTC [-]
jurov: apparently im using blockchain.info too much.. they just shown me windows xp boot gif instead
error4734: but tmrw if some1 want to put 2M$ on table, idk if he'll thinks like me
mircea_popescu: if he doesn't he's free to go get himself scammed and learn the hard way.
jurov: he can use coinbr, then :DDD
dub: do you even faq bro?
jurov: yes. much better one then btctalk
jurov: but they came late i think
gribble: BTCUSD ticker | Best bid: 21.09991, Best ask: 21.16990, Bid-ask spread: 0.06999, Last trade: 21.09991, 24 hour volume: 88274.64269609, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.53304
assbot: [HAVELOCK] [SDICE] 3 @ 0.65 = 1.95 BTC [-]
assbot: [MPEX] [S.MPOE] 100 @ 0.00066191 = 0.0662 BTC [-]
assbot: [MPEX] [S.MPOE] 2811 @ 0.00067228 = 1.8898 BTC [+]
assbot: [MPEX] [S.MPOE] 11850 @ 0.00067411 = 7.9882 BTC [+]
assbot: [MPEX] [S.MPOE] 8509 @ 0.00067487 = 5.7425 BTC [+]
assbot: [MPEX] [S.MPOE] 30 @ 0.00067507 = 0.0203 BTC [+]
assbot: [MPEX] [S.DICE] 1514 @ 0.00666937 = 10.0974 BTC [-]
assbot: [MPEX] [S.DICE] 886 @ 0.00669921 = 5.9355 BTC [+]
assbot: [MPEX] [S.DICE] 1238 @ 0.00678949 = 8.4054 BTC [+]
burnside: <jurov> i can write funny summary of happenings between ukto and burnside :D
burnside: we'll be best friends some day.
Ukto: mircea_popescu: married w/ kids. so prolly not
mircea_popescu: sounds like something that'd make a good luis de funes comedy by now.
assbot: [MPEX] [S.MPOE] 12600 @ 0.00067507 = 8.5059 BTC [+]
burnside: yeah, I love the bitfunder charts
assbot: [MPEX] [O.BTCUSD.C190T] 1 @ 0.16602013 BTC [-]
burnside: I used that same engine for charts on a previous project
burnside: I was graphing the weighted price per Mh on several of the leading mining assets on GLBSE using it
burnside: got frustrated with a few things, went a different direction for btct
burnside: might end up going back, it'd be an easy swap
burnside: right now? just because there are higher priority (read: more fun) things to work on
Ukto: stupid carriers using stupid equipment
Ukto: trying to turn up another gige, and their brocade XMR is being stupid over port negotiation
burnside: we've had good luck with brocade, but don't use them for transit, only internal switching and load balancing
Ukto: one gige on one module/port is fine. they just shippd a newer model card out for our latest gige, and it wont turn up. apparently there is a firmware bug effecting the newer card.
Ukto: which means HE.net has to do a full firmware upgrade on that core router
assbot: [MPEX] [S.MPOE] 2118 @ 0.00067507 = 1.4298 BTC [+]
assbot: [MPEX] [S.MPOE] 15532 @ 0.00067536 = 10.4897 BTC [+]
assbot: [MPEX] [O.BTCUSD.C190T] 1 @ 0.16599164 BTC [-]
Ukto: I told them "that, or just overnight another older module"
Ukto: spent the last week trying to get this port up, to be told its our side the entire time, yet the port works fine with L3/GBLX, nLayer, Equinix's switching fabric, and our own internal stuff.
Ukto: Configing cisco is not hard. speed neg, or noneg.
Ukto: They have a rock solid network
Bowjob: No, I mean the profits.
Bowjob: that whale got slaughtered
burnside: I love their free ipv6 tunneling service
Ukto: Besides, being a firmware issue, I can understand their expectancy the issue being on my side
Ukto: same for brocade, simple commands to configure a port.
burnside: yeah, not the behavior you'd expect for sure, definitely not something you'd think would require firmware updates
Ukto: wtf. did gox just frop from 21.14 to 20.82? x.x
Ukto: hopefully it will last
Ukto: burnside: besides, if its the carrier the cusomer chooses to pay for, I am happy making money on it. ;)
Ukto: EskimoBob: did you know you can drag-zoom on the graphs? ;)
Diablo-D3: Ukto: he.net sucks dongs sometimes, btw
Ukto: Diablo-D3: depends on where I think
Ukto: my HE stuff in Armster and euro work just as good as in dallas
Ukto: Diablo-D3: Equinix, in all locations
Ukto: well, all my locaitons
Ukto: not in all of theirs lol
burnside: yeah, if the customer wants cheap bandwidth, no reason to not give it to 'em. better to keep 'em happy and take a cut.
kakobreklaa: >>Yeah. The BTC-sphere is like in the meatspace: you may be punished just for pennies, but if you scam really big time you become Too Big To Jail. Learn the lesson and don't trust anyone ever more, especially the big fat fishes with super-hero rep.
Ukto: i hate having to pay $200 to have them do a hard loopback in other countries jsut to test a fiber
kakobreklaa: fuck i need to scam one or two to lower my rating
kakobreklaa: cant get any biz with perfect grade anymore!
Diablo-D3: kakobreklaa: I dont trust anyone, to be honest
Diablo-D3: no investing in other bitcoin companies
Diablo-D3: not even asicminer, the only successful bitcoin company ever
Diablo-D3: kakobreklaa: trusting me isnt the issue
Ukto: other companies non-bitcoin related can be just as bad
Diablo-D3: kakobreklaa: hell, Im paying out of my own pocket to deal with this shit, and Im permabroke
Ukto: the only think you can trust a bank to do, is win
kakobreklaa: and how much did it cost you out of your pocket so far?
Diablo-D3: EskimoBob_afk: because I usually dont take programming jobs
kakobreklaa: its preety hard to go broke with a deflationary bitcoin
jcpham: how are you today EskimoBob_afk
Diablo-D3: kakobreklaa: I have about 240 btc in my wallet thus far
jurov: kakobreklaa i can re-rate you for the fsa stuff, no problem
jcpham: damn Diablo-D3 is ballin'
Diablo-D3: kakobreklaa: which is better than the 0 that nefario left us.
assbot: [MPEX] [S.MPOE] 3200 @ 0.00066923 = 2.1415 BTC [-]
kakobreklaa: Diablo-D3 how much did it cost you from your own pocket?
Ukto: my 7yr old son just came to me takling about plant vs zombies. and says "I wanna be a game designer when I grow up. You know what game I wanna make? Plant vs zombies 2"
Ukto: I simply told him its already in the works
Ukto: his response was "Poopies!"
Diablo-D3: kakobreklaa: I could sell the 240 btc and not have to worry about money for awhile.
kakobreklaa: Ukto i thought it would be : "how about 3?"
kakobreklaa: that you are paying out of your pocket not to be a fuckin scammer
Diablo-D3: kakobreklaa: it means the 240 btc are out of my own pocket and will be spent on DMC.
Ukto: PotsiRewards: whats up with the nick?
Ukto: its the cousin of a ponzi
Ukto: same thing, just diff clothes :P
jurov: lmao i already got several times my initial btc investment back...
Diablo-D3: kakobreklaa: and remember, I also burned the shares I had in DMC as well
Ukto: burnside: do you think the avalons will start to make a dent in the mining assets value?
Ukto: good enough for me, whre do I invest?
burnside: Ukto, I'm it will. I'm not sure how much, but the assets that don't have asic plans are going to get kind of ugly
PotsieRewards: throw your money at the screen and watch it fall back in your lap
Ukto: PotsieRewards: 1 sec
Ukto: WOOH, I just made $500!
pigeons: I am Mr. Messan Johnson Esq from Lome Togo. My new company very trust #1
dub: mircea_popescu: is it in a tube? :)
Ukto: Bowjob: was a jooke about throwing money at the screen
Diablo-D3: kakobreklaa: I mean, you can say what you want, but at least Im trying to fix it the best I can
dub: ;;google FRAENC pate
kakobreklaa: hey im just trying to grasp whats happening
dub: my google bubble returns a bunch of crypto related links
mircea_popescu: they don't look young enough t obe adopted PotsieRewards
Diablo-D3: kakobreklaa: the short of it is nefario in league with people issuing fake mining bonds to steal money from investors
dub: nothing pate related at all
Diablo-D3: kakobreklaa: DMC was renting mining power from these people
assbot: [MPEX] [S.MPOE] 3445 @ 0.00067536 = 2.3266 BTC [+]
assbot: [MPEX] [S.MPOE] 14150 @ 0.00067596 = 9.5648 BTC [+]
assbot: [MPEX] [S.MPOE] 20058 @ 0.00067626 = 13.5644 BTC [+]
assbot: [MPEX] [S.MPOE] 6056 @ 0.0006769 = 4.0993 BTC [+]
assbot: [MPEX] [S.MPOE] 2991 @ 0.00067691 = 2.0246 BTC [+]
Diablo-D3: kakobreklaa: until we could afford to build the DC and install our own mining hardware
Diablo-D3: kakobreklaa: when glbse collapsed, two of these investments seem to have just walked away
Ukto: Fusion energy is the way to go
Diablo-D3: kakobreklaa: the third is asicminer which has not yet paid dividends yet (they should begin mining first week of feb)
Diablo-D3: Ukto: solar and wind IS fusion energy.
Diablo-D3: Ukto: why build fusion reactors when we're in orbit around a gigantic fusion reactor
pigeons: what are the 2 that walked away
Ukto: I was working on a way to collect head from my DC and transform it into energy
error4733: massive lobbing try to keep this idea true
Diablo-D3: kakobreklaa: and its not, its just that most people, such as yourself, simply does not understand solar
burnside: DC pumps out a ton of heat. I wish I could just pump it to local houses or something, sell it somehow.
Diablo-D3: burnside: a DC doesnt NEED to pump out a lot of heat
kakobreklaa: Diablo-D3 i installed about 1 megawatt of solar power plants
assbot: [MPEX] [S.DICE] 1550 @ 0.00665746 = 10.3191 BTC [-]
pigeons: Diablo-D3: is this the same btc-mining that is now on btct.co?
assbot: [MPEX] [S.DICE] 1800 @ 0.00673464 = 12.1224 BTC [+]
assbot: [MPEX] [S.DICE] 152 @ 0.00678949 = 1.032 BTC [+]
Diablo-D3: pigeons: yes, the same one namworld manages
burnside: Diablo-D3, it does when a bunch of the boxes are mining coins. ;)
burnside: We're actually pretty green. We cool with outside air 80% of the year
pigeons: what does namworld say about that? is he paying dividends over on btct?
Diablo-D3: burnside: DMC's DC was specializing in high density compute, bitcoin doesnt quite fit that definition
Diablo-D3: pigeons: amazingrando basically fucked him and everyone else
Ukto: burnside: I ran dual redundant 400kva liebert ups at my last facility, had redundant megawatt feeds comming in. our usage peaked at about .7mw
Ukto: so we generated a lot of heat. ;)
assbot: [MPEX] [S.MPOE] 3250 @ 0.00067421 = 2.1912 BTC [-]
Diablo-D3: pigeons: theres no dividends to pay because amazingrando isnt paying them out
assbot: [MPEX] [S.MPOE] 6199 @ 0.00067691 = 4.1962 BTC [+]
assbot: [MPEX] [S.MPOE] 3251 @ 0.00067709 = 2.2012 BTC [+]
Diablo-D3: burnside, Ukto: dmc was going to be doing rack densities of 25-30kw per rack.
Ukto: I designed a custom "green" handler for the heat. setup the heat flow to vent the heat out of the building, and in winter, sucked in cold air from the other side
Diablo-D3: Ukto: thats called an air economizer, btw
Ukto: let me tell you, it cut down my chilled water bill like mad ;)
Ukto: building was a little annoyed tho
burnside: We had to do a custom gig too, the economizer unit for our air handler was going to be 10x what we could build ourselves.
Ukto: cause while I pushed my hot air out, and had my air handlers for the chilled water, I was sucking cold air in from the building. :P
Ukto: their engineer gave us permission. LOL
Diablo-D3: Ukto: DMC was going to use a combination of air economizers and in row water chilling using hot aisle containment
Ukto: Diablo-D3: honestly its overkill
burnside: haha, that's awesome. feeding on the building hvac?
Diablo-D3: and then use on-site vertical geothermal pumps to pull up extra cold water
Ukto: I was using the badass APC cabinets
Ukto: and was talking with them about doing door based chilled cooling units
Diablo-D3: Ukto: btw, what I said isnt overkill when you're doing 25-30kw per rack
Diablo-D3: the industry average is 2-4kw per rack, never filled to max
Ukto: what are you putting in the cabinets
Diablo-D3: but most likely tightly packed blades and thumpers
Ukto: and your charging them $10~15k ?
Diablo-D3: Ukto: probably $20k-$25k with all the power you need
Ukto: lemme tell you, i had to push hard to get a good deal out of equix for it
Diablo-D3: Ukto: Im being lazy, whats that in watts
assbot: [MPEX] [S.DICE] 200 @ 0.00706606 = 1.4132 BTC [+]
Diablo-D3: you're only using that in the whole rack? wtf
Diablo-D3: Ukto: btw, since the DC is in maine and we get ice cold weather 3 months of the year, and pretty chilly weather 6 months of the year
assbot: [MPEX] [S.MPOE] 13599 @ 0.00067709 = 9.2077 BTC [+]
assbot: [MPEX] [S.MPOE] 3701 @ 0.00067745 = 2.5072 BTC [+]
Diablo-D3: it could be up to 3 months of AC not running
Diablo-D3: just air economization and thats it
Diablo-D3: Ukto: okay so, 4.8kw _the whole rack_ and its all blades top to bottom?
Ukto: The cab has 4 30amp 240v circuits