jcpham: i had basic units on preorder and paid with cc
jcpham: that fell apart. i called my cc company and got my money back
JWU_42: I iwsh i could have used a CC for my BFL pre order
JWU_42: oh well - it saved some of my BTC from going down with the pirate's ship
jcpham: paypla is the same as credit card to me
assbot: [HAVELOCK] [SDICE] 9 @ 0.76450001 = 6.8805 BTC [+]
JWU_42: dub: yeah - forgot about payPAL
jcpham: avalon's unit looks nice. if they let me pay with another method other than btc only, i'd order one
dub: why not otc some btc with your cc via pp
dub: so whats the ploblem
jcpham: why would i then spend the coins on something i may never see
DeadWeasel: dub, that owuld be impossible if you have no Wot Rating, right?
jcpham: i know what happens when you send bitcoins
dub: DeadWeasel: yes, in all likelyhood
jcpham: you never see them again
dub: DeadWeasel: jcpham is WoT jesus though
assbot: [MPEX] [S.MPOE] 3692 @ 0.00069515 = 2.5665 BTC [+]
DeadWeasel: I set it up last week, now I'm like, wtf do I with this since nobody will do business w/me.
jcpham: yeah DeadWeasel I have no tips for you there. it takes time.
DeadWeasel: what kind of transactions would people consider? like tiny little ones? for what? where?
DeadWeasel: just linger on bitcoin-otc begging? sounds pathetic and not worth the time
jcpham: i trade however seems most profitable to me
jcpham: i'll buy your coins with paypal -10% and sell them to someone else for cash +25%
assbot: [MPEX] [S.MPOE] 8158 @ 0.00069943 = 5.7059 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069018 = 2.9823 BTC [-]
assbot: [MPEX] [S.MPOE] 4521 @ 0.00069002 = 3.1196 BTC [-]
DeadWeasel: good idea, I could do localbitcoins.com for some Wot maybe?
jcpham: don't facilitate MP getting onto somethingawful
DeadWeasel: apparently I've gotta whore myself out to get my first Wot Rating.
dub: I'm a romanian porn king: ama
jcpham: ;;rate DeadWeasel 1 <DeadWeasel> apparently I've gotta whore myself out to get my first Wot Rating.
gribble: Rating entry successful. Your rating of 1 for user DeadWeasel has been recorded.
jcpham: it means a lot or little
jborkl: so, I missed the main conversation- how does jr think he is killing sd?
jcpham: bruce wagner got my bitcoins
jborkl: I prayed to the easter bunny and the shit came true
assbot: [MPEX] [S.MPOE] 6450 @ 0.00069002 = 4.4506 BTC [-]
dub: IRC + audio meeting + maintenance window, my scheduler is contended
mircea_popescu: ;;everify freenode:#bitcoin-otc:527a1a6410a9742789ec8c9a554290ef8f777431b94d35f8e170f52a
gribble: You are now authenticated for user mircea_popescu with key 8A736F0E2FB7B452
gribble: Rating entry successful. Your rating of 1 for user DeadWeasel has been recorded.
gribble: Successfully removed your rating for DeadWeasel.
jcpham: probably best to not get him mixed up with me
pigeons: you don't wanna get mixed up with a guy like me Dottie
pigeons: I'm a loner Dottie, a rebel
assbot: [HAVELOCK] [SDICE] 1 @ 0.76450001 BTC [+]
jurov: omg discussion... if they're gonna blosk sdice, i'm proposing to block silk road too
jcpham: oooh i want to block silk road
pigeons: ll i dont accept any inputs without a government tax stamp
kakobreklaa: so no btc donations for the church, Luke-Jr!
dub: it'd be nice if we could just convince erik to stop being a dick
kakobreklaa: its a collective stabbing, cant outlaw the knife.
pigeons: what's the name of the dice game that tries to be less destructive to the network?
dub: all he's doing is giving luke a reason to be luke
DeadWeasel: lovely, mp, everybody is your whore, no?
assbot: [HAVELOCK] [SDICE] 1 @ 0.755 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069992 = 3.0244 BTC [+]
assbot: [MPEX] [S.MPOE] 321 @ 0.00069998 = 0.2247 BTC [+]
pigeons: I am Mircea Popescu! ask me anything! Q: Who are you?
Luke-Jr: jurov: glad to block silk road, if you know a way
jurov: orly? and what if sdice starts using another addy for every bet?
jurov: just forget it. it's uphill battle.
jborkl: hmm, lets make the anti-govt free to do thinkers -not be able to do what they want. No SD, no SR, no Porn ... whats left for bitcoin
Namworld: I bet they do the same thing for just about everything else... so many empty words
dub: aww mp your thread got pwned
Namworld: SA must be happy from the advertising revenue tho.
Luke-Jr: jurov: hopefully they won't without also stopping the DDoS
dub: Luke-Jr: why 'D'DoS?
mircea_popescu: i have no idea how their shit works, but anyway. was fun
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069821 = 3.017 BTC [-]
assbot: [MPEX] [S.MPOE] 11319 @ 0.00069796 = 7.9002 BTC [-]
assbot: [MPEX] [S.MPOE] 10000 @ 0.0006912 = 6.912 BTC [-]
assbot: [MPEX] [S.MPOE] 6618 @ 0.00069002 = 4.5666 BTC [-]
assbot: [MPEX] [S.MPOE] 9359 @ 0.00069002 = 6.4579 BTC [-]
assbot: [MPEX] [S.MPOE] 18333 @ 0.00069001 = 12.65 BTC [-]
dub: seems fairly centralised in a bitcoin sense
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069967 = 3.0233 BTC [+]
assbot: [MPEX] [S.MPOE] 4305 @ 0.00069998 = 3.0134 BTC [+]
assbot: [MPEX] [S.MPOE] 1900 @ 0.00069998 = 1.33 BTC [+]
assbot: [MPEX] [S.MPOE] 11984 @ 0.00069998 = 8.3886 BTC [+]
assbot: [MPEX] [S.MPOE] 4898 @ 0.00069999 = 3.4286 BTC [+]
assbot: [MPEX] [S.MPOE] 118 @ 0.00069999 = 0.0826 BTC [+]
Namworld: and put them up for auction at that starting price
assbot: [BTCTC] [COGNITIVE] 2 @ 0.3299 = 0.6598 BTC [+]
assbot: [MPEX] [S.MPOE] 14350 @ 0.00069998 = 10.0447 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069011 = 2.982 BTC [-]
assbot: [MPEX] [S.MPOE] 5523 @ 0.00069001 = 3.8109 BTC [-]
assbot: [BTCTC] [COGNITIVE] 1 @ 0.33 BTC [+]
assbot: [MPEX] [S.MPOE] 11200 @ 0.00069001 = 7.7281 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069988 = 3.0242 BTC [+]
assbot: [MPEX] [S.MPOE] 14849 @ 0.00069999 = 10.3942 BTC [+]
assbot: [MPEX] [S.MPOE] 25650 @ 0.00069998 = 17.9545 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069027 = 2.9827 BTC [-]
assbot: [MPEX] [S.MPOE] 379 @ 0.00069001 = 0.2615 BTC [-]
assbot: [MPEX] [S.MPOE] 10935 @ 0.00069001 = 7.5453 BTC [-]
assbot: [MPEX] [S.MPOE] 3279 @ 0.00069999 = 2.2953 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069974 = 3.0236 BTC [-]
assbot: [MPEX] [S.MPOE] 4600 @ 0.00069471 = 3.1957 BTC [-]
assbot: [MPEX] [S.MPOE] 3450 @ 0.00069018 = 2.3811 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.7590101 BTC [+]
gribble: Time since last block: 3 minutes and 8 seconds
j1717: what wallet takes the smallest cut for afee?
Diablo-D3: [04:34:22] <Ukyo> Diablo-D3: there?
iz: the default bitcoin wallet takes no cut for a fee
pigeons: mtgox charges no tx fees, they say not to use the trading account as a wallet however
Diablo-D3: I mean, its fast, and you get a much more stable chip
Diablo-D3: and you can fab them at sizes you cant cheaply buy fpgas
j1717: bitcoin qt just charged me .0045 fee
pigeons: mircea_popescu: that was originally gavin's company's whole business model, something like 1%-5% fees for strongcoin web wallet
iz: j1717: those are transaction fees, and happen whenver you do transactions anywhere with bitcoin
pigeons: j1717: well that fee was determined necessary to be accepted. perhaps you could manually create the tx and hope it still gets included with no fee, but comeone
iz: (unless you use an old or hacked client to do 0 fee transactions, which will take forever to actually get accepted
assbot: [MPEX] [S.MPOE] 871 @ 0.00069018 = 0.6011 BTC [-]
assbot: [MPEX] [S.MPOE] 1329 @ 0.00069001 = 0.917 BTC [-]
Diablo-D3: Namworld: so what does btcbond's news mean for btcmining?
mircea_popescu: ugh. i thought solidcoin was this ridiculous one man fork which had like, imaginary nodes with "unspendable" millions and other hacky 16 yo nonsense
pigeons: i remember that, it may have been called that, but strongcoins.com is a web wallet. they used to employ gavin, i don't know currently
assbot: [BTCTC] [B.YABMC] 13 @ 0.0242 = 0.3146 BTC [-]
assbot: [BTCTC] [B.YABMC] 12 @ 0.0242 = 0.2904 BTC [-]
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO)
assbot: [HAVELOCK] [SDICE] 1 @ 0.745 BTC [-]
Namworld: means I'll probably have to sue amazingrando. I'm not sure our conversation records are sufficient at all for this.
gribble: BTCUSD ticker | Best bid: 20.47411, Best ask: 20.65000, Bid-ask spread: 0.17589, Last trade: 20.47411, 24 hour volume: 52068.35970111, 24 hour low: 19.85502, 24 hour high: 21.05000, 24 hour vwap: 20.42514
Diablo-D3: Namworld: you could loan one of your avalon units to btc-mining
Diablo-D3: mircea_popescu: its more than that
assbot: [HAVELOCK] [SDICE] 1 @ 0.7590101 BTC [+]
Namworld: 100000 bonds x .6 BTC = 60k BTC?
Namworld: I don't think he sold all his hashing at that price
Namworld: but there's like no margin kept for the operation's expense?!?
Namworld: He sold all the hashing it seems
Namworld: He should refit his rig for some other purpose. A 600 GPU cluster could propably fetch more by being rented as such than the 15k he makes mining per month.
DeadWeasel: ;;everify freenode:#bitcoin-otc:09d6242f5fab39f5c63e486a8b81d9762d15ac12beddb4e569f7b24d
gribble: Error: In order to authenticate, you must be present in one of the following channels: #bitcoin-otc;#bitcoin-otc-foyer;#bitcoin-otc-ru;#bitcoin-otc-eu;#bitcoin-otc-uk;#bitcoin-otc-bans
assbot: [MPEX] [S.DICE] 130 @ 0.00736659 = 0.9577 BTC [-]
DeadWeasel: ;;everify freenode:#bitcoin-otc:0759d0648d6f1f549ad334ff7accb25268c0bbb8c1642dda1b42e781
gribble: Error: In order to authenticate, you must be present in one of the following channels: #bitcoin-otc;#bitcoin-otc-foyer;#bitcoin-otc-ru;#bitcoin-otc-eu;#bitcoin-otc-uk;#bitcoin-otc-bans
Namworld: calculations. GPU clusters are good for various computational needs.
mircea_popescu: aanyway, i'm impressed with the entire "rigs are worthless now that you've bought them for me" stuff
mircea_popescu: literally not one single miner, large or small, has done anything else
mircea_popescu: maybe just tag the lot of them and be done with it. persecution of miners.
gribble: Rating entry successful. Your rating of 1 for user mircea_popescu has been recorded.
gribble: Error: For identification purposes, you must be identified via GPG to use the rating system.
DeadWeasel: you can do that fine for yourself, clearly
pigeons: ;;rate DeadWeasel -2 trusts mircea_popescu
gribble: Rating entry successful. Your rating of -2 for user DeadWeasel has been recorded.
DeadWeasel: um, seriously, could ya'll reverse that shit?
gribble: Successfully removed your rating for DeadWeasel.
DeadWeasel: WoT has less meaning to it after this experience.
kakobrekla: and i was just bout ;;rate pigeons -3 rates cause of ratings!
DeadWeasel: experience is the best teacher. unless you've got guide??
Namworld: vague? I think GPU clusters can be used for graphical rendering... simulations... password cracking
DeadWeasel: first lesson, believeing WoT is actually a safe haven for doing business is false.
kakobrekla: second lesson, dont tell your age to MP.
Namworld: I'm not sure how you can use them exactly. I just know many companies rent GPU clusters. And price is usually hefty
pigeons: yeah but who is paying for third party gpu work?
Namworld: Would probably involve a lot of work and expenses for amazingrando to refit tho
pigeons: i have seen some deals for password cracking, but they weren't steady jobs
mircea_popescu: Namworld unless you know someione specifically paying 15001 right now
assbot: [MPEX] [S.MPOE] 6023 @ 0.00069383 = 4.1789 BTC [+]
assbot: [MPEX] [S.MPOE] 12077 @ 0.00069001 = 8.3333 BTC [-]
DeadWeasel: there are more twats on SometingAweful than bitcointalk
mircea_popescu: i wonder what burned more, the "i can't distinguish you from reddit" part or the "paid for account with buttcoins" part.
assbot: [HAVELOCK] [SDICE] 1 @ 0.76 BTC [+]
gribble: BTCUSD ticker | Best bid: 20.49673, Best ask: 20.69999, Bid-ask spread: 0.20326, Last trade: 20.49671, 24 hour volume: 52397.98545826, 24 hour low: 19.85502, 24 hour high: 21.05000, 24 hour vwap: 20.42687
gribble: BTCUSD ticker | Best bid: 20.41001, Best ask: 20.50879, Bid-ask spread: 0.09878, Last trade: 20.41000, 24 hour volume: 49661.44876349, 24 hour low: 19.85502, 24 hour high: 20.89000, 24 hour vwap: 20.33937
Ukyo: can you process mpex deposits
Ukyo: these "new" 5mil shares of sdice
Ukyo: lemme get you the thread
mod6: the big question is did he violate the contract
Ukyo: mircea_popescu: : thts why i asked you to do deposits
mod6: b) at a price no less than the higher of the 1 day average price and the 30 day average price then current on MPEx ;
mod6: Everyone is wondering if this statement is in play because he sold the tranche at .0044
assbot: [MPEX:S.DICE] 1D: 0.0042 / 0.00544701 / 0.007395 (286728 shares, 1,561.81 BTC), 7D: 0.0042 / 0.00674716 / 0.007395 (953182 shares, 6,431.28 BTC), 30D: 0.00085848 / 0.00516138 / 0.0075 (6135135 shares, 31,665.79 BTC)
error4733: mp can you detail the 2.2.a on IPO details ?
Bowjob: I was under the impression that the share issuance mean releasing shares to public
Bowjob: if anything I think the right thing to do is leave at 0.44, next block is at 0.70 onwards
Bowjob: that way everyone is happy
Ukyo: i am happy with more 0.0044 blocks >,>
Ukyo: everyone else should be too
Bowjob: we get our cheap shares new investors get cheap shares, value goes up
Bowjob: until topace goes online so i can buy those too
mod6: im still convinced that he did this wrong
Ukyo: everyone gets cheap shares, then it goes up
Bowjob: yeah. but wait till i get a private offering
Ukyo: bow: lol get them elsewhere
Bowjob: havelock tends to rise the highest. perfect for cashing out ^^
Bowjob: I'll crash the havelock price at 0.44 then ask for an offering
Bowjob: i need topace for that
Ukyo: "WAKE UP AND GIVE ME OFFERING" :P
Ukyo: might be gone by the time he wakes up
mod6: THIS SHIT DONT SLEE
Ukyo: then if yours 0.0070 goes into play, then you have to pay full
Ukyo: I'm too nice to take that bet
assbot: [MPEX] [S.DICE] 210000 @ 0.0044 = 924 BTC [+]
Bowjob: so mp, was there a breach in contract?
assbot: [MPEX] [S.DICE] 227272 @ 0.0044 = 999.9968 BTC [+]
Bowjob: Dude dont be greedy!! leave me some :(
Ukyo: how much did you wanna bet?
mod6: lol well there was 1/2
Ukyo: the rest will be gone
Bowjob: I know erik is gonna sell the next one at higher
Ukyo: i know other ppl that willbe doing it
Namworld: I'll reiterate my offer to broker them for you
Ukyo: yeah, Namworld's good :)
Ukyo: or just pay a btc and signup on coinbr
Ukyo: and get them straight from mpex
Ukyo: and send them to havelock
Ukyo: then you are sure to get em
Bowjob: Nam, do you issue shares?
Bowjob: like dead terra? or just have it sent to james
Bowjob: there was a confusion about the contract.. hold on
assbot: [MPEX:S.DICE] 1D: 0.0042 / 0.00481465 / 0.007395 (724000 shares, 3,485.81 BTC), 7D: 0.0042 / 0.00600902 / 0.007395 (1390454 shares, 8,355.28 BTC), 30D: 0.00085848 / 0.00511072 / 0.0075 (6572407 shares, 33,589.79 BTC)
Namworld: I've just submitted S.MPOE, S.DICE & S.BBET passthrough on BTCT.co, pending approval
Ukyo: Namworld: that buy was great use of btc-bond
Ukyo: good thing you dont have to pay them out in large profits if you dont want to lol
Bowjob: " All future share issuance will be made only a) subject to approval by MPEx and b) at a price no less than the higher of the 1 day average price and the 30 day average price then current on MPEx ; "
mircea_popescu: this was the original, guy got 100mn shares, of which 10mn were ipod
mircea_popescu: and the remainder to be added to his acct 1 month after ipo closes.
mircea_popescu: ipo started august, last share was sold jan 3rd (announced ehre)
mircea_popescu: feb 3rd he got the rest of his 40mn shares and i guess he put some on sale.
Bowjob: What does that mean exactly?
Ukyo: nam: ah that reminds me
Ukyo: never did turn on terras bbet pt :/
Ukyo: he picked up like 5k really cheap lol
Bowjob: the big whale would do well if he downs the dice 11k btc
Bowjob: and buys shares of dice with his winnings
Bowjob: let hisother whale buddies play instead
assbot: [MPEX] [S.DICE] 92512 @ 0.0044 = 407.0528 BTC [+]
assbot: [HAVELOCK] [SDICE] 12 @ 0.5321 = 6.3852 BTC [-]
Bowjob: Nam, can you get me 80 BTC worth of shares?
Namworld: If I can get a deposit done by mircea right away.
Namworld: I already bought max for myself
Ukyo: he already did deposits
Namworld: oh yeah, I see him posting 2 lines
Namworld: Hey mircea, can process a deposit right away?
Ukyo: if Nam cant do it, seriously try coinbr.
Ukyo: they _will_ be gone in a few hours
Ukyo: I highly doubt topace will be awake before they are gone
Namworld: ^ important to use exact name for IRC client to annoy an user =P
Bowjob: ah this is too stressful lol
Namworld: you mean AGAIN or you're late?
assbot: [MPEX] [S.DICE] 92512 @ 0.0044 = 407.0528 BTC [+]
mod6: how does that apply or not apply
Ukyo: versions 2.3.x and 3.0.x.
assbot: [MPEX] [S.DICE] 20 @ 0.0044 = 0.088 BTC [+]
mod6: hmmm ok well im off.
assbot: [MPEX] [S.DICE] 227272 @ 0.0044 = 999.9968 BTC [+]
assbot: [MPEX] [S.DICE] 3 @ 0.0044 = 0.0132 BTC [+]
assbot: [MPEX] [S.MPOE] 2721 @ 0.00069971 = 1.9039 BTC [+]
assbot: [MPEX] [S.MPOE] 2180 @ 0.00069999 = 1.526 BTC [+]
assbot: [MPEX] [S.MPOE] 5449 @ 0.0007 = 3.8143 BTC [+]
assbot: [MPEX] [S.DICE] 16831 @ 0.0044 = 74.0564 BTC [+]
Namworld: Check PM Bowjob, or you want to forget about it?
mircea_popescu: <Ukyo> I highly doubt topace will be awake before they are gone << BTC FINANCE NEVERSLEEPS!
maximian: like a bunch of starving hounds… lol
mircea_popescu: <Ukyo> new massive-ruby-rails << exploit dude fuck me, ANOTHER ONE !?
Bowjob: This didn't happen. Voorhees never sold cheap dice
Bowjob: lalalala i cant hear you
assbot: [MPEX] [S.DICE] 200 @ 0.0044 = 0.88 BTC [+]
Bowjob: Nam, thanks for the offer, my heart pounded for a bit tho >_>
Namworld: Bowjob: someone put for sale 500k S.DICE @ 0.0008 BTC each not long ago. Error sale. It was there for a few seconds before being canceled, free to be taken.
Namworld: If I can't get them, I'll return the BTC
Ukyo: if hes taking all of them
assbot: Um, shouldn't you be with your own tribe or somethin'?
assbot: [MPEX] [S.DICE] 17179 @ 0.0044 = 75.5876 BTC [+]
assbot: [MPEX] [S.DICE] 500 @ 0.007 = 3.5 BTC [+]
assbot: [MPEX] [S.DICE] 321 @ 0.00739497 = 2.3738 BTC [+]
assbot: [MPEX:S.DICE] 1D: 0.0042 / 0.00468036 / 0.007395 (1078838 shares, 5,049.36 BTC), 7D: 0.0042 / 0.00568318 / 0.007395 (1745292 shares, 9,918.82 BTC), 30D: 0.00085848 / 0.00507464 / 0.0075 (6927245 shares, 35,153.34 BTC)
Bowjob: I underestimated the power of mpex
mircea_popescu: lol so basically... they went 5 mins after i showed up and flushed deposits ?
Ukyo: error: how were you gonna bet errlier? LOL
Bowjob: you are one powerful catalyst you know that?
Bowjob: had you not shown up, that dice would stay there
Bowjob: i know you have a big ego and all, but you deserve it this time
maximian: I think we made evoorhees fell bad enough that the next 1,000,000 will be at or above 0.007
Bowjob: yes, im okay with that
Namworld: Not always tho. I don't agree on most topics with Mircea I think.
mircea_popescu: maximian well, if indeed it was him selling then ya, 44 was maybe a little low
Bowjob: its a crazy undervalue by erik
maximian: we really freaked out on him… heh heh
Bowjob: yeah, we gave erik a good scolding
Ukyo: i think his investor
Bowjob: i told him i trusted just judgement.. so its all good
Ukyo: and we getting screwed
Ukyo: [02:55] <mircea_popescu> HE IS GIVING YOU FREE MONEY
maximian: I'm a greedy bastard! I want him to give me MOAR FREE MONEY
Ukyo: Let the truth ring out
Ukyo: ppl need to stop complaining
Bowjob: Yes.. Mammon possessed me
Bowjob: nam, thanks again for the pm
Bowjob: the next block will be a bit more exp
Bowjob: 20:55] <Bowjob> just next block please dont undermine us too much >:/
Bowjob: [20:55] <evoorhees> bowjob - I think that's fair
Namworld: I tried to convince evoorhees to not do that again too...
Namworld: I want large walls at 0.75, 0.76, 0.77, 0.78
Bowjob: well everyones happy with this. we get cheap dice, new investors get cheap dice
Bowjob: now those poor fuckers who cashed out at havelock
Bowjob: last time I panick sold it did not end well
Namworld: I've earned good money on those
assbot: [HAVELOCK:SDICE] 1D: 0.52100000 / 0.69673814 / 0.76500000 (683 shares, 475.87214730 BTC), 7D: 0.52100000 / 0.73408862 / 0.89000000 (2245 shares, 1648.02895898 BTC), 30D: 0.44000000 / 0.61127055 / 0.89000000 (6178 shares, 3776.42947722 BTC)
Bowjob: so I learned from my mistakes
Namworld: I usually try to sell when I have a profit
Namworld: sometimes I bit my fingers seeing it keeping going up and up
Namworld: But most of the time, it gives me fund for the next panic sale.
assbot: You know, I've had it up to here with this Indian malarkey.
Bowjob: im playing with real moneies here
dub: I don't think he had much idea
Ukyo: yes, it is a real market. You just realized that? :P
Namworld: For a small bitcoin idea worth a few million USD
dub: seemed shocked that people were'nt over the moon about it
Bowjob: i wonder whrre satoshi is
mircea_popescu: avalon fucks up 1st batc horders, right ? gets in 64 right ?
Bowjob: i know avalon fucked up batch order no 2
mircea_popescu: weren't people selling their cookies of walletbit a few days ago ?
Ukyo: yifu told me there are quite a few orders
Ukyo: that have gone unpaid for and will be expired soon
Ukyo: and will go back up
Bowjob: ill try to snag an avalon
assbot: [HAVELOCK] [SDICE] 5 @ 0.765 = 3.825 BTC [+]
Ukyo: 2nd worked fine for us
Bowjob: Theres a company here, avalon milk
Bowjob: its such a good company
Ukyo: i'm pretty sure they are unrelated. ;)
Bowjob: i know. but avalon stuff is good
Bowjob: milk or asic or otherwise
Ukyo: I bought a fun domain off someone on the forums couple days ago
Ukyo: having fun doing some side code with it
Ukyo: gonna put one of my avalons on it for sale
mircea_popescu: <Bowjob> Theres a company here, avalon milk << kakobrekla
Bowjob: theyve been doing it for a while now
Bowjob: Looks like flipping of shares have started
Bowjob: its like getting a free dice roll that wins
gesell: well that was quick (sdice offering depleted )
Namworld: Hey, I also catched some of those PTs
Namworld: By the way, anyone selling DMC shares?
Namworld: I'd like to increase my stake in that
Namworld: Thanks about the manual withdrawals...
Namworld: You get fees income, better earn it. Manual withdrawal is a minimum it seems for exchanges.
Namworld: Or at least, a minimum is a small hot wallet that can be afforded to be lost.
assbot: It says some pelt-wearin' trapper, some stinkin' bean-suckin' possum skinner, he's gonna collect that reward money.
Bowjob: .. i fail. someone show me how its done
Bowjob: "2013-02-05 04:00:59 5 ฿0.76500000 ฿3.8250 2013-02-05 03:37:00 12 ฿0.53210000 ฿6.3852 2013-02-05 02:27:59 24 ฿0.53210000 ฿12.7704 2013-02-05 02:26:59 3 ฿0.55000000 ฿1.6500 2013-02-05 02:26:00 5 ฿0.60000000 ฿3.0000"
Bowjob: Mhm, disregard that, it's an eyesore
Ukyo: there are a bunch of DMC for sale on BF
assbot: [MPEX] [S.MPOE] 12750 @ 0.0007 = 8.925 BTC [+]
Bowjob: anyone here play pc games
Ukyo: MP: I am trying to finish a big thing for BF atm
Bowjob: just wondering what does everyone do here?
Ukyo: and have a handful of minor things to get done
Ukyo: once the API goes public, or if kako joins the API beta list
Bowjob: im 20 years old, i only work 6 months at a nursery selling plants, i love videogames, economics, sushi, typical kid
Bowjob: are you guys like me? or are you guys old wealthy secret illuminati
Ukyo: mircea_popescu is the oldest.
Bowjob: i know theres a 13 year old kid on btctalk
Bowjob: im under the impression most traders here are young people who can take the risk
Bowjob: who dress casually.. not those wall street peeps
Bowjob: when I look at the mt gox tracker thread I find it comical people post pictures of rockets, walls, ect
truffles: why would illumi's be interested in bitcoin though
Bowjob: dunno. we could be the new world order
Ukyo: I am gonna make some food
Bowjob: yeah man. speaking of food. i got some free coffee from a bitcoin user
truffles: there was an episode of "The Goodwife" about bitcoin being a threat to the govt
Bowjob: he gave it away due to rally which made people spend less likely spend bitcoins
truffles: bitcoin won the case afai can recall
mircea_popescu: im in my 30s, retired a decade ago, lived in the states, mexico, costa rica, eventually got bored
truffles: how does one retire at 30 gtfo
truffles: like non pixelized jpeg of u in a suit lol
truffles: without giving away your bank details
Bowjob: yeah, im a bored 20 year old
Diablo-D3: [04:22:09] <truffles> there was an episode of "The Goodwife" about bitcoin being a threat to the govt
truffles: well they did say it was being used like money
mircea_popescu: pick one from there, they're the historical background pix of my blog
Bowjob: so mp, you have a degree in finance?
truffles: these very nice pictures still dont prove ure balling
Bowjob: you're sitting ontop of one of the biggest btc compannies..
Bowjob: truffles, im sure he's balling rightnow with mpex and all
truffles: i have a problem with a system that only nerdy people want to jump on board with
Ukyo: MP: whats up with teh monopoly knock off board?
awkorama_: anyone knows how the zero confirmation on SD works? I mean I understand that there is transaction 1, that is the bet and transaction 2 that is the price and t2 takes its output from t1, but what prevents the attacker from waiting to see t2 and then try to stop t1 by invalidating it (e.g. double spend) ?
truffles: t1 t2 what langugage is this heh
truffles: dont mind me, i have no technical experience with this
mircea_popescu: awkorama_ you prolly should ask dooglus or people in the forum sd watching thread
Bowjob: MPOE-PR took the pics ob
assbot: [MPEX] [S.DICE] 600 @ 0.00564885 = 3.3893 BTC [-]
assbot: [MPEX] [S.DICE] 400 @ 0.0071999 = 2.88 BTC [+]
Bowjob: she has an awesome job
Bowjob: MP, you are left handed no?
Bowjob: On that pic you had your watch on your right hand, normally people put it on their left if they are right handed
Bowjob: but ambi is also fine i guess
assbot: [MPEX] [S.DICE] 2500 @ 0.0071999 = 17.9998 BTC [+]
Bowjob: mhm, i see bear and bulls
Diablo-D3: Bowjob: what would that signify? a stale market?
Bowjob: stale would be bearish imo
Bowjob: Well, I was thinking of investor styles. Bears make money by shorting, Bulls make money buy holding
Bowjob: and pigs lose money by shorting and holding
Diablo-D3: Bowjob: oh, so pigs represent the 99%?
Bowjob: well, im not sure is 99% of the investors lose money investing
truffles: im pretty sure im losing if i did
Bowjob: i've doubled my monies essentially holding dice.. so im not sure if its that hard
Namworld: They represent the idiots. Oddly politicians are often depicted as pigs.
truffles: somebody elected that pig so, what do we call the people`
truffles: just need a wolf to reign in those sheep and bam
Bowjob: what do we call spectators then
truffles: what kinda term you looking for here
truffles: bowjob im pretty bored too lol
Bowjob: animal term for a spectator
Bowjob: we have bulls, sheep, wolf, pig, bear
Bowjob: no, cockroaches get squashed.. spectators dont
Bowjob: no i dont mean speculator
Bowjob: owl far from reach of the chaos
truffles: well lying in the shadows is that owl hunter
assbot: [MPEX] [S.MPOE] 13850 @ 0.0007 = 9.695 BTC [+]
truffles: better to have known enemy than an unknown one
Namworld: ure wierd shurgs... you guys speak a curious dialect.
Bowjob: I can't spell anymore. I've graduated hs 3 years ago
Bowjob: I got some 87% in english which means that my english has deteriorated somewhat
truffles: wont find me speaking the queens english in a non-essay format
Bowjob: Let's have a moment of silence for the poor people at Havelock who panic sold earlier.
mircea_popescu: so, if they can go 10% over they should be ok with 10% under too neh ?
assbot: [MPEX] [S.MPOE] 9450 @ 0.0007 = 6.615 BTC [+]
Bowjob: umm, its more than 10% under earlier
Bowjob: everythings back to normal
truffles: is this BTC related speak or economic related
truffles: operated by Mircea Popescu of Romania hmmm
truffles: ure happy about something so im assuming u own shares or somethng
assbot: I prepared your canoe with cedar boughs.
gribble: BTCUSD ticker | Best bid: 20.45612, Best ask: 20.56889, Bid-ask spread: 0.11277, Last trade: 20.45612, 24 hour volume: 45913.24160064, 24 hour low: 19.85502, 24 hour high: 20.89000, 24 hour vwap: 20.33950
truffles: oh well i hope that works out for u
truffles: so can one buy a 5 year bond in BTC currency?
Bowjob: 5 years is an eternity in bitcoin timeline
mircea_popescu: truffles you could buy mpoe bonds and stick with them for 5 years
Bowjob: the interest rate has been really good to investors so far
truffles: i mean i still havent figured out how this btc works wont dare go that far
truffles: one would think the software writers could have at least put in the option for english language
truffles: being that its one complex system ...
truffles: is this channel always this lively heh
Bowjob: anyone played the walking dead?
assbot: [HAVELOCK] [SDICE] 4 @ 0.765 = 3.06 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006959 = 3.007 BTC [-]
assbot: [MPEX] [S.MPOE] 5379 @ 0.00069576 = 3.7425 BTC [-]
truffles: the walking dead tv is getting good
truffles: im not that into video games, but when i play, blackops is my game
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069602 = 3.0075 BTC [+]
assbot: [MPEX] [S.MPOE] 5529 @ 0.00069576 = 3.8469 BTC [-]
assbot: [MPEX] [S.MPOE] 6800 @ 0.00069991 = 4.7594 BTC [+]
assbot: [MPEX] [S.MPOE] 2550 @ 0.00069994 = 1.7848 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069577 = 3.0064 BTC [-]
assbot: [MPEX] [S.MPOE] 1431 @ 0.00069576 = 0.9956 BTC [-]
Diablo-D3: maybe I should just throw my money away and invest it in mpex and sdice
Diablo-D3: mircea_popescu: on mpex, how are dividends paid?
Bugpowder: when is next s.dice tranche going off?
mircea_popescu: okay so, i've some meetings to go to right now but ill be back later
assbot: [MPEX] [S.MPOE] 5011 @ 0.00069576 = 3.4865 BTC [-]
assbot: [MPEX] [S.MPOE] 4024 @ 0.00069311 = 2.7891 BTC [-]
assbot: [MPEX] [S.MPOE] 12350 @ 0.0006919 = 8.545 BTC [-]
assbot: [MPEX] [S.MPOE] 851 @ 0.00069001 = 0.5872 BTC [-]
assbot: [MPEX] [S.MPOE] 40000 @ 0.00069001 = 27.6004 BTC [-]
assbot: [MPEX] [S.MPOE] 42000 @ 0.00069001 = 28.9804 BTC [-]
assbot: [MPEX] [S.MPOE] 155348 @ 0.00069 = 107.1901 BTC [-]
assbot: [MPEX] [S.MPOE] 8178 @ 0.00069 = 5.6428 BTC [-]
assbot: [MPEX] [S.MPOE] 723 @ 0.00068913 = 0.4982 BTC [-]
assbot: [MPEX] [S.MPOE] 2677 @ 0.00068913 = 1.8448 BTC [-]
assbot: [MPEX] [S.MPOE] 10900 @ 0.00068827 = 7.5021 BTC [-]
assbot: [MPEX] [S.MPOE] 423 @ 0.00068749 = 0.2908 BTC [-]
assbot: [MPEX] [S.MPOE] 10808 @ 0.00068749 = 7.4304 BTC [-]
assbot: [MPEX] [S.MPOE] 8661 @ 0.00068721 = 5.9519 BTC [-]
assbot: [MPEX] [S.MPOE] 13300 @ 0.0006871 = 9.1384 BTC [-]
assbot: [MPEX] [S.MPOE] 10438 @ 0.00068678 = 7.1686 BTC [-]
assbot: [MPEX] [S.MPOE] 15324 @ 0.00068663 = 10.5219 BTC [-]
assbot: [MPEX] [S.MPOE] 5552 @ 0.00068625 = 3.8101 BTC [-]
assbot: [MPEX] [S.MPOE] 1300 @ 0.00068411 = 0.8893 BTC [-]
assbot: [MPEX] [S.MPOE] 5600 @ 0.00068333 = 3.8266 BTC [-]
assbot: [MPEX] [S.MPOE] 3150 @ 0.00068292 = 2.1512 BTC [-]
assbot: [MPEX] [S.MPOE] 4800 @ 0.00068264 = 3.2767 BTC [-]
assbot: [MPEX] [S.MPOE] 7850 @ 0.00068242 = 5.357 BTC [-]
assbot: [MPEX] [S.MPOE] 9950 @ 0.00068227 = 6.7886 BTC [-]
assbot: [MPEX] [S.MPOE] 6000 @ 0.00068225 = 4.0935 BTC [-]
assbot: [MPEX] [S.MPOE] 22350 @ 0.00068223 = 15.2478 BTC [-]
assbot: [MPEX] [S.MPOE] 5040 @ 0.00068186 = 3.4366 BTC [-]
assbot: [MPEX] [S.MPOE] 19877 @ 0.00068178 = 13.5517 BTC [-]
Namworld: Going to meetings is apparently bad for the price of assets =P
Diablo-D3: [06:59:40] <mircea_popescu> Diablo-D3 owner issues a DIVIDEND|x|Y|z command
Diablo-D3: mircea_popescu: yeah, but Ive never used mpex, I thought it was all pgp signed contracts and shit and didnt actually rely on the mpex servers that much
Namworld: Hmm, some people have put up a part of the S.DICE back on sale in the 0.0069 range
assbot: [BTCTC] [GSDPT] 460 @ 0.0051 = 2.346 BTC [+]
Namworld: I really wonder what evoorhees will do for the next slices
Bugpowder: the demand will be able to absorb these shares.
Namworld: Will they all get eaten up like that?
Namworld: Probably... there was tons of deposits
Bugpowder: how fast did the first tranche go?
Bugpowder: now the 20K BTC wall is down at $21
Bugpowder: that could eat 4M shares pretty quick
Diablo-D3: does it still cost money to get an mpex account?
StarenseN: 24 if you use mine, i'll back you 1BTC i receive
Namworld: Just like I have from time to time =/
StarenseN: Diablo-D3 you can trade via a passthrough
Diablo-D3: yeah but that means the passthrough guy can just steal the shares
Namworld: I'll be doing passthroughs for these
Diablo-D3: I dunno, Im not even sure if I want to do business with avalon
StarenseN: just to answer [13:24] <Diablo-D3> mpex is still a scam then
StarenseN: but for me, mp has to lower the fees
StarenseN: because BTC gained lot of value last month
Namworld: It's perfect like that to him.
StarenseN: he can't maintain that on a long term
StarenseN: an opportunity, house or something
StarenseN: bankers don't give garantee for this business imo
gigavps: they are releasing more sdice?
gigavps: cashing out could imply a couple things
gigavps: they could be coming under regulatory pressure
gigavps: when you flaunt something like sdice around someone with meatspace power will take notice before long
gigavps: it's like nefario talking about how the authorities can't shut down glbse
StarenseN: it's also a marketing experience I think
gigavps: people keep asking why i have a claims process
gigavps: well, i don't want to end up like nefario and GLBSE
Diablo-D3: Im still wondering if I should go ahead with dmc 2.0 or not
gigavps: Diablo-D3, if you don't have a lawyer and a plan, that should tell you want to do, then.......
Diablo-D3: gigavps: that actually is on the plan
Diablo-D3: LLC registered in the state of maine, an actual office that isnt in my home, a lawyer, an accountant
Diablo-D3: and before you ask why maine, because its a lot easier to talk the state into doing things when you actually pay taxes here
Diablo-D3: and maine needs this more than any of the other states
jurov: so erik decided to drop the bomb when neither me nor mp is around
jurov: he IPO'd at 0.0044
Diablo-D3: I dunno, I wonder how feasable it is to raise about 10 million dollars
gribble: BTCUSD ticker | Best bid: 20.60667, Best ask: 20.64899, Bid-ask spread: 0.04232, Last trade: 20.60667, 24 hour volume: 39228.27897107, 24 hour low: 19.85502, 24 hour high: 20.70000, 24 hour vwap: 20.32508
assbot: [HAVELOCK] [SDICE] 6 @ 0.759 = 4.554 BTC [-]
Diablo-D3: maybe I should just guarantee something like 5% APY over a 10 year period
gigavps: Diablo-D3, sound like you need to speak with a lawyer
assbot: [MPEX] [S.MPOE] 3850 @ 0.00068178 = 2.6249 BTC [-]
assbot: [MPEX] [S.MPOE] 9550 @ 0.00069797 = 6.6656 BTC [+]
leotreasure: i'm going to ask a lawyer some questions re investing in S.DICE
assbot: [MPEX] [S.MPOE] 1771 @ 0.00069994 = 1.2396 BTC [+]
assbot: [MPEX] [S.MPOE] 6074 @ 0.0007 = 4.2518 BTC [+]
Diablo-D3: gigavps: the problem is, the bitcoin community just doesnt have the cash
Diablo-D3: I dont even know where most of the coins are
assbot: [MPEX] [S.MPOE] 5250 @ 0.00069509 = 3.6492 BTC [-]
Namworld: They travelled from hand to hand, to end up being gambled and lost on SatoshiDice
jurov: and paid on dividends :P
Uglux: the great bitcoinmixer: sdice ^^
gigavps: Diablo-D3, "the bitcoin community just doesnt have the cash" is an absurd statement
gigavps: sdice just collected another $60k
jurov: to borrow from mp "most everyone" doesn't have the cash
gigavps: you are in a community where the main topic is a new form of currency / bartering / trading
assbot: [MPEX] [S.MPOE] 4321 @ 0.00068142 = 2.9444 BTC [-]
assbot: [BTCTC] [GSDPT] 1000 @ 0.007 = 7 BTC [+]
assbot: [MPEX] [S.MPOE] 6829 @ 0.00068141 = 4.6533 BTC [-]
gribble: [05:29:15] <assbot> [MPEX] [S.MPOE] 6829 @ 0.00068141 = 4.6533 BTC [-]
Namworld: Not much happening at this time of the day however.
ThickAsTh: Hehe, indeed, I just wanted to make sure I was in the loop
Namworld: Most active around 8pm - 2 am Eastern Time I'd say
Namworld: As for me well... I'm out for today
ThickAsTh: Did you get a chance to nab new shares on S.DICE?
Namworld: With the S.DICE stuff I haven't slept all night.
mjr__: crazy morning huh?
mjr__: you guys on reddit?
ThickAsTh: i had to wait for BTC to clear to send to DeadTerra
ThickAsTh: haven't heard from Dead as to whether he was able to make trhe purchase for me in time...
Namworld: Eh, it's hard moving fast through a broker
jurov: or anyone else... how to make out open interest on mpex options?
jurov: just add the volume for all options sold in this month?
ThickAsTh: yeah, I actually saw it the moment erik posted them and pm'd Dead, but he didn't sign on for 2 or 3 hours
mjr__: not sure how we can calculate it
mjr__: but it basically means how many contracts exist
mjr__: ie. how many options are currently out there
mjr__: i sell an option...in order to do that someone has to buy it
Namworld: And as you might know Thick, I also run BTC-BOND & I am co-partner in BitVPS
Namworld: and on a darker note, I also run BTC-MINING
mjr__: so, as these are not "settled" ie. i haven't exercised he hasn't been assigned
jurov: hmmm... so if mpoe bot buys back option issued by itself earlier
jurov: it decreases the open interest
mjr__: yeah i am not exactly sure how many contracts mpoe is writing
ThickAsTh: cool, I don't know much about BRCBOND, but I have looked at BitVPS
Diablo-D3: EskimoBob_afk: none of them managed to derail the effort to bring BTC to $1000
ThickAsTh: I actually have a small hosting business, using Rackspace
Namworld: I have one of those too, owned personally
mjr__: so anyway, that;s all open interest is, but i don't know how to calculate it in this case
Namworld: I might have too much stuff going on.
mjr__: it would be related in some way to the volume
jurov: mjr__ okay, is uspected that. will discuss it with MP.
ThickAsTh: yeah, being "into" bitcoin definitely crowds your time too
Diablo-D3: I did? wow. I wish someone would have told me.
Namworld: If I can get Amazingrando to pay back, that would be good news for DMC.
Namworld: considering DMC's BTC-MINING holdings
assbot: [HAVELOCK] [SDICE] 5 @ 0.72 = 3.6 BTC [-]
Namworld: Lending was a bad idea. Even if Amazingrando is in the US.
assbot: [MPEX] [S.MPOE] 4471 @ 0.00068141 = 3.0466 BTC [-]
assbot: [MPEX] [S.MPOE] 9200 @ 0.00068126 = 6.2676 BTC [-]
assbot: [MPEX] [S.MPOE] 9100 @ 0.00068068 = 6.1942 BTC [-]
assbot: [MPEX] [S.MPOE] 9079 @ 0.0006801 = 6.1746 BTC [-]
Namworld: ok, well I'm off for real this time.
assbot: [MPEX] [S.MPOE] 4865 @ 0.00068408 = 3.328 BTC [+]
mjr__: so, is the consensus generally positive on the release of more shares?
mjr__: talking about S.DICE
mjr__: If someone gives out 100% of profits...
maximian: for me, it's because I didn't like seeing my s.dice portfolio drop 40% in an instant
mjr__: how do they expand?
mjr__: you should be holding it for the ridiculous dividends
maximian: all he had to do was set the next at market price
mjr__: and then compete with everyone else
mjr__: his goal was to raise money
mjr__: that would be stupid for him
maximian: that's how MP does it with MPOE
mjr__: he wants to raise more cash so he can take more bets
assbot: [MPEX] [S.MPOE] 1421 @ 0.0006801 = 0.9664 BTC [-]
assbot: [MPEX] [S.MPOE] 2079 @ 0.0006801 = 1.4139 BTC [-]
mjr__: and he set the price higher than the last offering
maximian: it's for one of his shareholders
mjr__: with higher prices for each next round
mjr__: obviously the price will go back to prior levels
mjr__: but if you increase supply, but keep price the same...
mjr__: what would happen to price
maximian: 1M shares were gobbled up by people who had the spare BTC, now they're being dumped
maximian: the new equilibrium will be in the 0.005 - 0.006 range
mjr__: as long as SDICE gets the capital it needs to expand
assbot: [HAVELOCK] [SDICE] 8 @ 0.72 = 5.76 BTC [-]
mjr__: they will release more dividends
mjr__: and the value will increase again
maximian: the sale was for one of the Satoshi Dice owners
maximian: He said so earlier in this channel
mjr__: oh, similar to how a startup needs to do more offerings so that original investors can liquidate?
ThickAsTh: For me it was exciting and frustrating,
mjr__: yeah, i'm not worried
mjr__: it's like people are saying sure the golden goose lays golden eggs...but it just won't suck my d*** too
ThickAsTh: I spent half my current investment coins yesterday, at about .0072
ThickAsTh: so it sucks to know i missed by like 10 hours
maximian: I reinvested my considerable dividends back in at prices much higher than 0.0044
maximian: I reinvested because I believe in the long term value
maximian: that value was properly reflected in the share price
maximian: the share price was irrationally lowered on a whim by the *owner*
mjr__: i still think that the value is very low
mjr__: it wasn't irrational
mjr__: if you release that much at the current price, you still tank the stock
pigeons: it was irrational. even for his own self interest
mjr__: oh yeah demand is here, have a ton more supply
mjr__: price will stay the same
mjr__: how would that work?
ThickAsTh: and now I'm waiting to hear back from DeadTerra as to whether he was able to make the purchase for me at .0044
ThickAsTh: is there a way to look that up on MPEX?
ThickAsTh: (i'm not a mpex member, i am going thru passthroughs)
mjr__: yeah me too for now
maximian: You don't expect the owner to black swan his own stock
mjr__: it's not a black swan
maximian: even though it's within his rights
mjr__: it is trading well above both first and second offerings
maximian: the market was rational - nobody was going to dump 1M shares at 0.0044
mjr__: he is releasing more shares....
mjr__: so if you didn't get in, it's not too late
pigeons: it seems like evorhees is saying we were undervaluing the risks
ThickAsTh: I have shares in all the passthrus I think, Havelock was easy to unload last night, there was no action, so I sold all my shares there at over .70 on open bids
maximian: yes, and he should have done it the was MP does it - buy offering them at a small % higher than the market price
ThickAsTh: it's still riding high this morning too at Havelock
vampireb: is he selling them below the market?
mjr__: dollar cost averaging
mjr__: i bought what i thought was a good deal at 7
mjr__: horrible deal at 4?
assbot: [MPEX] [S.DICE] 1500 @ 0.00689996 = 10.3499 BTC [-]
mjr__: or heck yeah, i get to double my position for less
mjr__: i guess everyone is looking at sdice like a growth stock
mjr__: while i would buy and hold it just for the yield
pigeons: the person in the best position to know has signaled in the only way that matters, with his cash, that the price was too high
mjr__: but i would not look for return by appreciation, to me that is the bonus
maximian: It could be worth 10s of millions. 1.2M BTC in handle just last month is *astonishing*
mjr__: of course, it's amazinhg
mjr__: but the yield is ridiculous
ThickAsTh: it just hurts this first time, because it was so abrupt
maximian: for a small gambling concern that's restricted to just bitcoiners
mjr__: adjustments are tough
ThickAsTh: now I know that the shares need to stay at values that are more liquid
mjr__: yes, there was too big a spread
ThickAsTh: and holding shares at the end of the month becomes much more valuable than at the beginning
mjr__: and i honestly think he wants to give peple more opportunity to get it
mjr__: lol that is the way its supposed to be
maximian: the problem is, he has other owners now
mjr__: last dividend day the stock didn't move
maximian: so he has to consider what we want too
maximian: and I don't care about giving other people the opportunity to get in
mjr__: you vote by buying and selling
ThickAsTh: what do you think the value will be set at for the next 4million shares he's releasing?
maximian: Anyway, Eric heard our bitching last night. He says he understands and that he didn't think it all through.
maximian: So the next tranches will be priced a lot higher
mjr__: i was thinking that he will progressively price them higher
pigeons: unless he really needs the money right then
mjr__: and hopefully he can walk the price back up
ThickAsTh: it was so close to being an awesome move, but was definitely awkward to say the least
mjr__: yes, i mean this was 1.5 traunches
ThickAsTh: so he'll probably due a .005 increase for each one
pigeons: that would be if he thinks about it
mjr__: so i think to increase the float by 50% you need to expect a certain amount of volatility but it will be good in the long run
mjr__: i think peple who are bullish on SDICE will be happy
mjr__: because this is a good long term move
maximian: And it did need more liquidity
mjr__: i mean for sure growing pains
mjr__: and maybe i came across as defensive, but i was on reddit and people were all BREACH OF CONTRACT
mjr__: when they wouldn't know how to read a financial document if it was written in crayon
maximian: but it could have been done more slowly! I like smooth transitions.
mjr__: i suppose that is true
mjr__: he could have sent a letter to the shareholders with his future plans
maximian: The breach of contract thing was because the relevant clause was a little ambiguous. We had a debated about it here several hours ago. MP cleared it up: no breach.
assbot: [HAVELOCK] [HIM] 1 @ 13.6 BTC [-]
assbot: [HAVELOCK] [HIM] 1 @ 13.5001 BTC [-]
mjr__: but i mean there are so many scammers around that i guess people are nervous
maximian: It's still a great deal… but now there's a bit of a trust issue that might keep the price down for a while.
mjr__: but i think that mp and ev are the good guys
mjr__: i want to get in :)
jurov: i vote for "lawful evil" :D
mjr__: i have a 1 year mentality with this stock
mjr__: so i can't wait to see where it's at in 2013
ThickAsTh: the stock price will be fine too, these shares have one of the best dividends out there, people will keep snatching them up
maximian: The dividends are awesome, no doubt
mjr__: people would kill for these returns
mjr__: or make a billion dollars a year in a hedge fund
ThickAsTh: Are there other stocks that pay this well?
mjr__: not that i know of
mjr__: and i like btc-bond
mjr__: since it is not quite as risky
mjr__: ie. debt vs equity
ThickAsTh: which i read was higher than it would normally be
ThickAsTh: i was tryiong to follow along but dont knwo much about the stock
pigeons: price has been about 4% monthly yield
pigeons: but profits can change big quickly
pigeons: one month satoshidice lost money and paid no dividends, and the losses came out of next months dividends profits
ThickAsTh: Do you know anything about this JAH stock on Bitfunder?
ThickAsTh: so any week now the valeu will drop off for it
assbot: [HAVELOCK] [HIM] 1 @ 13.5 BTC [-]
jurov: better to buy anti-mining stuff like iDiffs ;)
mjr__: btw...you can make good money market making sdice
mjr__: i believe the spread is over 30%
mjr__: 32.69% to be exact
jurov: i'm really not sure, the price is all but stable. so you need big reserve both on s.dice and btc side to dip into
mjr__: does anyone know the timeframe for the remaining 4 traunches though?
jurov: better just go long and receive divs
mjr__: you can do both...but i agree
mjr__: what i meant is you can hopefully just buy and sell, higher than rebuy again lower
pigeons: so put your market making bids in, watch them get filled while your asks sit, then watch another traunch get put up below your bid
kakobrekla: > On Tue, 05 Feb 13 06:25:53 +0000 S.DICE - 1`000 bought @0.00420000 BTC,
mjr__: with the ultimate goal of increasing your position, but also creating liquidity
jurov: and i think the plan is not known... evoorhees seems to like to suddenly sneak in the middle of night
mjr__: also...the point of market making is...i will always have the current bid and current ask
mjr__: i can go one in front of either side
pigeons: On Tue, 05 Feb 13 06:25:53 +0000 S.DICE - 1`000 bought @0.00420001 BTC
awkorama_: mjr__: hi, please respond to my query
jurov: mjr__ that's crystal clear to me. just that this market often likes to keep going to one side till the bot exhausts it allotment
assbot: [MPEX] [S.MPOE] 7400 @ 0.0006801 = 5.0327 BTC [-]
maximian: but you'd need pretty deep pockets and a lot of guts
mjr__: also...to the people who felt that they lost value...were you planning on selling, or even more specifically did you have sell orders on the books?
pigeons: i had buy orders on the books, higher than what erik put the shares up at
ThickAsTh: You can make the markets on the passthrus pretty easily
ThickAsTh: I laid out a fat chunk yesterday at .0072 :/
assbot: [MPEX] [S.DICE] 500 @ 0.0052 = 2.6 BTC [-]
mjr__: my only point was that if you were bearish on the stock and trying to get out of the horrible position of making upwards of 30% dividends, then yes you lost
ThickAsTh: but I have another fat chunk to spend today
mjr__: if you actually like the stock and want to keep what you have and get more, this is great news
ThickAsTh: but what was the right play last night,
mjr__: since i believe that most people like this stock, i think they should view the opportunity to get more for less as a good thing
ThickAsTh: 1. Liquidate your passthru shares down to about .6 and try to buy in at lower
ThickAsTh: 2. Hold shares and buy only with liquid BTC you have
topace_: so what was with the lowball ask order last night?
topace_: i wish i wasnt asleep at the time
pigeons: topace_: evorhees sold more shares
topace_: of his 90%? so now, like 11% are on the market? and 89% are "private" ?
ThickAsTh: and h plans to release 4 more rounds of 1m
mjr__: public float increases to 15%
mjr__: has anyone seen coins for pizza?
assbot: [MPEX] [S.MPOE] 10521 @ 0.0006801 = 7.1553 BTC [-]
assbot: [MPEX] [S.MPOE] 1429 @ 0.00068007 = 0.9718 BTC [-]
mjr__: i think that was a huge win for this community
pigeons: good, bad, or indifferent, "huge win for this community" is fanboi
topace_: with no warning whatsoever, that was lame
topace_: "im releasing shares, first million up.. NOW! GO!"
awkorama_: I have seen it, did anyone try it ?
topace_: thats not how you run a business
pigeons: topace_: we let evorhees know that last night, he says he will try to price more appropriately in the future
topace_: and no indication when the NEXT ones will come out?
pigeons: so that should keep people from buying too high cause who knows what he will price the next ones at
ThickAsTh: now that we've been through it, I kinda don't want the next 4 tranches to be more than .0044
mjr__: yes, i want to get in as big as possible
topace_: at what time was it listed on mpex last night?
ThickAsTh: like 11pm EST, maybe a little later?
topace_: yea, just when i went to bed
assbot: [MPEX] [S.MPOE] 7471 @ 0.00068007 = 5.0808 BTC [-]
assbot: [MPEX] [S.MPOE] 5929 @ 0.00068 = 4.0317 BTC [-]
jurov: yeah... everyone cashing out of s.mpoe to be ready
aiball: so, did that huge wall at 44 get bought, or cancelled?
jurov: it got bought. in 2 hrs or so
ThickAsTh: I'm going on the record to say that everyone overreacted last night
ThickAsTh: the stock devaluation is as temporary as the shareholders choose for it to be
topace_: yea but it also puts an artificial ceiling on the price, until the 5 million are all released
topace_: because nobody will buy at "what used to be the market rate: ~0.0070" knowing he's going to be releasing more "well below"
topace_: its temporary, sure, but it'll be at least a few weeks before we get back to 0.70.. even if he does one a day for the next 4 days... that'll severly deplete peoples buying power (or the amount they're willing to dump into this)
pigeons: and make you wonder that if evoorhees is willing to sell at that price, maybe that is closer to an accurate pricing of the risks
StarenseN: [09:31] <@assbot> [MPEX] [S.DICE] 210000 @ 0.0044 = 924 BTC [+]
StarenseN: [09:31] <@assbot> [MPEX] [S.DICE] 227272 @ 0.0044 = 999.9968 BTC [+]
StarenseN: [09:37] <@assbot> [MPEX] [S.DICE] 92512 @ 0.0044 = 407.0528 BTC [+]
StarenseN: [09:37] <@assbot> [HAVELOCK] [SDICE] 12 @ 0.5321 = 6.3852 BTC [-]
StarenseN: [09:44] <@assbot> [MPEX] [S.DICE] 92512 @ 0.0044 = 407.0528 BTC [+]
StarenseN: [09:45] <@assbot> [MPEX] [S.DICE] 20 @ 0.0044 = 0.088 BTC [+]
StarenseN: [09:46] <@assbot> [MPEX] [S.DICE] 227272 @ 0.0044 = 999.9968 BTC [+]
StarenseN: [09:46] <@assbot> [MPEX] [S.DICE] 3 @ 0.0044 = 0.0132 BTC [+]
StarenseN: [09:47] <@assbot> [MPEX] [S.MPOE] 2721 @ 0.00069971 = 1.9039 BTC [+]
StarenseN: [09:47] <@assbot> [MPEX] [S.MPOE] 2180 @ 0.00069999 = 1.526 BTC [+]
StarenseN: [09:47] <@assbot> [MPEX] [S.MPOE] 5449 @ 0.0007 = 3.8143 BTC [+]
StarenseN: [09:48] <@assbot> [MPEX] [S.DICE] 16831 @ 0.0044 = 74.0564 BTC [+]
StarenseN: [09:50] <@assbot> [MPEX] [S.DICE] 200 @ 0.0044 = 0.88 BTC [+]
StarenseN: [09:52] <@assbot> [MPEX] [S.DICE] 17179 @ 0.0044 = 75.5876 BTC [+]
StarenseN: around 800K in 20 min when mircea_popescu woke up and proceed the deposit :)
jurov: it pays off to keep irc bouncer
jurov: i woke up, started reading up and it made my day
StarenseN: be part of the buyers made mine ^^
pigeons: jurov: can you do a quick for dummies on CoinBr.MPBPT-E? 0.1005 implies 5% MPBOR? Do we need to know what you bid at to know what number to expect?
assbot: [MPEX] [S.MPOE] 2685 @ 0.00068408 = 1.8368 BTC [+]
jurov: pigeons, 0.1005 is just a current price. you buy at that price, I will invest 0.1 into MPOE bond.
jurov: whatever the price is
jurov: now, when mpoe liquidates, i'll pay exactly 0.1*MPBOR (or less if there was some loss)
jurov: so if you got 0.1005 in the end of the month, that would mean that MPOE net profit was only 0.5%
pigeons: thanks, tough for me to follow sometimes
jurov: if MPOE makes 5% , each share liquidates on 0.105 . if it loses 10%, each share gets 0.09 only
jurov: and that's also reason why doing "normal" assets that will continously run through and just pay divs is difficult
jurov: we'd have to ask negative dividends if mpoe loses :D
jurov: better liquidate it every month
pigeons: need a demmurage feature ;)
jurov: yes there were some inquiries, but nobody could figure out what to insure it with. ur welcome
mjr__: i need to do a local bitcoin for cash today
jurov: lol 8k arrived to mpex in past few hours...prepare for wild ride
ThickAsTh: just got the good news from my man DeadTerra, he was able to snag some shares for me last night :D
assbot: [HAVELOCK] [KCIM] 1 @ 0.99 BTC [+]
assbot: [MPEX] [S.MPOE] 10251 @ 0.00068589 = 7.0311 BTC [+]
Bugpowder: reddit really is where the idiots of the internet hang out
aiball: juror - do you have one of those blockchain.info urls for sdice 50% I tried to replace the address but not getting a chart
Bugpowder: at least the 4chan people don't take themselves seriously
jurov: aiball, search for the address normally
jurov: and then click the icon next to Balance to get graph
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069967 = 3.0233 BTC [+]
assbot: [MPEX] [S.MPOE] 10702 @ 0.00069999 = 7.4913 BTC [+]
assbot: [MPEX] [S.DICE] 200 @ 0.00689996 = 1.38 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069981 = 3.0239 BTC [-]
assbot: [MPEX] [S.MPOE] 9298 @ 0.00069999 = 6.5085 BTC [+]
assbot: [MPEX] [S.MPOE] 581 @ 0.00069999 = 0.4067 BTC [+]
evoorhees: well look... smart investors should want me to sell it as low as possible
evoorhees: so you bugpowder are being very rational, thank you
Bugpowder: i wish i didn't sleep through the last batch
jurov: and i wish i'll be able to sleep tonight... it will be 4am here
gribble: Error: invalid syntax (<string>, line 1)
gribble: Error: invalid syntax (<string>, line 1)
jurov: ;;calc 1e6 * 0.0055
gribble: Error: invalid syntax (<string>, line 1)
jurov: and 8000 already deposited on mpex lol
Bugpowder: EskimoBob_afk: why did you do a second offering of ART?
evoorhees: eskimo - releasing 5% of the shares on mpex is hardly "dumping"
evoorhees: further, as I've mentioned, there are a few private holders. Don't assume that this 5% is from me.
evoorhees: eskimo - the volume is not based on those wales alone
jurov: evoorhees: no need to argue with him... for him we re all just MP's sockpuppets anyway
evoorhees: the base volume is increasingly substantially, and the whales seem to come out for a week or two each month
evoorhees: I don't mind explaining my actions to him
evoorhees: and if he's an owner, then I owe it to him
evoorhees: And there is a big difference between me and Trendon. One business was opaque, the other transparent.
evoorhees: nobody knew how he was making "profits"
evoorhees: SD is a gambling site, it earns 1.9%, easy
evoorhees: If everyone in the bitcoin community was as skeptical as you, it'd be a healthier community
evoorhees: and honestly, the whales do look suspicious... or at least I thought so until I went to Macau and saw people playing baccarat for 36 hrs straight with $50,000 chips
StarenseN: evoorhees quick question, are you belgian ? Any chance to see you back in belgium to promote bitcoin or ?
evoorhees: only been to london, paris, and vienna in europe
StarenseN: alright, belgium has a dutch part as well so that's why i asked myself
jurov: evoorhees, i can't imagine such people patiently bearing with bitcoin-qt.. or do they just use online wallet?
imsaguy: maybe those whales don't even exist.
assbot: [BTCTC] [GSDPT] 10 @ 0.0056 = 0.056 BTC [-]
assbot: [BTCTC] [GSDPT] 3380 @ 0.0056 = 18.928 BTC [-]
assbot: [BTCTC] [GSDPT] 2509 @ 0.0056 = 14.0504 BTC [-]
StarenseN: evoorhees are the 3 other batchs for this week as well ?
pigeons: star trek IV was the one with the whales
ThickAsTh: the .0001 markup on the passthroughs works nicely
StarenseN: [17:41] <EskimoBob_afk> evoorhees: why do you sell?
ThickAsTh: I cant blame you at all, its a modest markup surely
evoorhees: Actually... consider that another private owner may have sold me more than 5%, and thus I actually increased my position
ThickAsTh: While I'm sure we could come up with a number of reasons, I'm betting Bob wants the exact one
pigeons: evoorhees: so you and several partners own the unreleased S.DICE shares? And you and the other owners can sell your interest because you're selling it to the public via shares? Is that what makes it different from rapeghost selling his interest in S.BVPS?
pigeons: mircea_popescu: or did rapeghost have different ownership change provisions in its contract with mpex than satoshi dice has
evoorhees: but yes me and several others own the (now 89%) of S.DICE that is not on MPEX
jcpham: bitvps was 100% public
assbot: [HAVELOCK] [KCIM] 1 @ 1 BTC [+]
jcpham: where is the original bitvps contract
evoorhees: yes to be technically accurate, I have 39m shares of s.dice on mpex (these became available a few days ago, which was 30 days after the final sale of the ipo shares)
pigeons: oh i didnt know that. ithought all mpex stocks were non voting shares enforced by keeping 51% of the shares private
evoorhees: so 50m shares are just "theoretical" and 50m shares are on MPEX
pigeons: jcpham: (c) The Directors warrant that no further shares will be offered by them for a period of 30 days from the date these offered shares are sold. The Directors further warrant that they will never sell more than half the total shares.
jcpham: looks like the directors fucked up
pigeons: evoorhees: rapeghost sold more than half the shares
evoorhees: oh thought you were talking about s.dice
assbot: [BTCTC] [GSDPT] 5000 @ 0.0056 = 28 BTC [-]
jcpham: the previous owner of bitvps entered into a contract and then broke it
assbot: [BTCTC] [GSDPT] 1 @ 0.0055 BTC [-]
jcpham: that's how it reads to me
imsaguy: all without even consulting the other major owner
assbot: [BTCTC] [GSDPT] 775 @ 0.0056 = 4.34 BTC [+]
imsaguy: so technically, one could argue the sale wasn't legal
jurov: rg did not sold it
jcpham: that's backstory but... yeah
imsaguy: he didn't have enough votes.
jurov: rg just left everything to new owhers for free
jurov: including his own gpg key
imsaguy: he isn't allowed to do that either.
imsaguy: selling for 0 consideration is still 0.
imsaguy: pigeons: technically, nothing in bitcoin is sold unless there is $1.
jurov: cause he wanted hard to be employed, have the career and be able to fire people instead of boring task of running bitvps :DDD
pigeons: no consideration can be more than currency/dollars
imsaguy: evoorhees, its just barter unless there's dollars.
pigeons: but at any rate, everyone acknowledges th ownership transfer and its working out well for everyone except the investors (that leaves customers and new owners)
jcpham: it seems to me that similar to what dell has just done
jcpham: bitvps would need to do the same
pigeons: no barter is contractual sale
imsaguy: the old shareholders would need to be bought out.
jcpham: to meet the mpex contract, that is
imsaguy: and you can't jus force them to sell
imsaguy: unless its in the contract
pigeons: hey, who expected half as much from rg anyway
jcpham: the gpg key thing is not excusable
jurov: i don't mind rg at this point, worse enw owners are equally inept
pigeons: cant trust him not to break contracts, thats true
jurov: they still didn't decide whether they'll list or not
imsaguy: I wanna know what grubles got out of this
jurov: "probably on btct"
pigeons: i think it was just time for both of them to move on, and people did get screwed and it certainly didnt have to be that way, but oh well
jcpham: seems like i have that info in a/query log
ThickAsTh: BTCTC takes forever to confirm deposits
pigeons: its too much damn hassle paying lenders out of my 10% weekly profits, let's do "trust accounts"
imsaguy: pigeons: its one of those thigns that made sense at the time when a person is tied up into the story
imsaguy: but in hindsight, dumb as hell
jcpham: i was just looking through my grubles chat logs
jcpham: <jcpham> so 24.4 btc @ 8.2/per
jcpham: <grubles> ill have pirate send them to you, cool?
jcpham: <jcpham> yep that works
imsaguy: oh, I had much better ones
imsaguy: until Western Digital failed me
jcpham: treasure trove of lulz
jcpham: some of these are pretty old I'm wondering why i still have them
jcpham: so i can sue when my name isn't in the credits
imsaguy: who shall we cast as pirate?
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069981 = 3.0239 BTC [-]
assbot: [MPEX] [S.MPOE] 2779 @ 0.00069999 = 1.9453 BTC [+]
assbot: [HAVELOCK] [SDICE] 5 @ 0.665 = 3.325 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.65 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.611 = 6.11 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.61 = 6.1 BTC [-]
ThickAsTh: Erik, if you are still around, can I ask what the current & future marketing plans are for SDICE?
ThickAsTh: I recall seeing info about a print ad campaign, maybe more, but that was all before my time
ThickAsTh: Just trying to get a sense of what's happening now to strike while the iron's hot
evoorhees: the plan, for now, is to get SD some good legal advice on how to proceed in the safest way possible. It is getting lots of press and free advertising, and I don't want to push it further before having all the ducks in a row
maximian: evoorhees: that's great - it's been a worry of mine
ThickAsTh: So the plan is pretty much stasis while legal ducks get in a row
truffles: is there a website where i can learn about what this is all about?
maximian: You have to assume that someone at the DOJ is or will take a good look at s.dice.
evoorhees: it's an awesome brand and game, and deserves to be set up properly
ThickAsTh: It's funny though, because SDICE isnt really different than any video game
ThickAsTh: it bitcoins that are what they need to look at
truffles: and why is it that evoorhees holds 89%?
maximian: The worst case scenario is they arrest you and splash one of those stupid DOJ banners on satoshidice.com
ThickAsTh: but, either way, I think some strategic marketing would make the site really take off, when it's time
maximian: even though that doesn't necessarily stop betting, it'll be bad
maximian: even if they can't charge you with anything, damage will be done
assbot: [HAVELOCK] [SDICE] 18 @ 0.618 = 11.124 BTC [+]
assbot: [HAVELOCK] [SDICE] 10 @ 0.6121 = 6.121 BTC [-]
assbot: [HAVELOCK] [SDICE] 5 @ 0.612 = 3.06 BTC [-]
assbot: [HAVELOCK] [SDICE] 22 @ 0.61 = 13.42 BTC [-]
assbot: [HAVELOCK] [SDICE] 45 @ 0.6 = 27 BTC [-]
maximian: so it would be nice to know if you have a contingency plan for that
evoorhees: "The worst case scenario is they arrest you and splash one of those stupid DOJ banners on satoshidice.com" - I've taken steps to handle this
evoorhees: would be bad for me, but SD would live on
maximian: It's where the brand is presented, where you learn how to play - it's important
truffles: evoorhees is there a s.dice utube?
assbot: [HAVELOCK] [SDICE] 10 @ 0.601 = 6.01 BTC [+]
assbot: [HAVELOCK] [SDICE] 20 @ 0.6 = 12 BTC [-]
assbot: [HAVELOCK] [SDICE] 40 @ 0.6 = 24 BTC [-]
truffles: it could be very useful for ppl like me
truffles: im not a good candidate for that
assbot: [HAVELOCK] [SDICE] 15 @ 0.6 = 9 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.6 = 1.2 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.6 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.6 BTC [-]
evoorhees: anyone know anyone who makes youtube vids?
assbot: [MPEX] [S.DICE] 1442 @ 0.00689996 = 9.9497 BTC [+]
ThickAsTh: That is one side that is missing from SDICE, easily guiding a gambler into setting up a bitcoin wallet and sending a bet
truffles: i cant get over how bad this site design looks..
truffles: yea im still confused about how this bitcoin setup works
assbot: [BTCTC] [GSDPT] 5050 @ 0.0056 = 28.28 BTC [+]
jcpham: evoorhees i'm all over the youtubes
evoorhees: truffles you don't like the SD site?
evoorhees: jcpham - if you can make a good SD vid for youtube I'll be happy to send you some coins
assbot: [MPEX] [S.MPOE] 4657 @ 0.00068597 = 3.1946 BTC [-]
evoorhees: except that you break it every day deadterra :)
jcpham: i've never actually used skype
jcpham: i'm weird with technology
truffles: it took forever to process now my bitcoin software is still processing wth!
jcpham: so a satoshidice video...
truffles: yea do include the edge in that in vid
topace_: mircea_popescu: still sleeping? waiting on a deposit here.... :)
ThickAsTh: So if you jumped from .0044 to .0055, where does that leave the next 3 tranches? kinda hard to go too much further up
ThickAsTh: and the market will be down after these two also
evoorhees: .0044 clearly angered lots of people
ThickAsTh: i dunno, it's the word everyone is using for releasing a batch of shares
pigeons: .0068 looks like a good price
evoorhees: a tranche is like a "batch" of something
truffles: so there can be infinite batches?
evoorhees: usually used when talking about financial assets
grubles: DeaDTerra: he wants to personally rub your bitcoins between his fingers to check if they are counterfeit or not
evoorhees: we'll see how things go with .0055
evoorhees: I'll post ahead of time for any other tranches
ThickAsTh: isnt there like 800k depsoited to MPEX waiting?
gesell: after some thought, on the whole s.dice share thing... maybe it's a good thing that people are forced to think in terms of long term investment (mostly for dividends) rather than traditional stocks. i;d be happy if you would under sell every time. at the moment bitcoin stocks are still, well, they shouldnt be assumed the same
truffles: seems ppl arent happy about random tranche announcements
truffles: so i wonder if there is a fixed amount that can be done
assbot: [MPEX] [S.DICE] 180 @ 0.00689996 = 1.242 BTC [+]
gesell: truffles: but there really isnt a better way
gesell: people arent happy because they didnt get "their" share of the opportunity. but it doesnt matter if they are announced in advance or not, its going to be dificult
jcpham: i make videos where i endanger others
pigeons: set a future date when more shares are available, and say the price will be X % of X-day moving average
ThickAsTh: for the big players, announcing is ideal, for the small guys, a surprise might be better
truffles: i dunno who likes that kind of surprise..
gesell: the point is that you are not really solving anything truffles
ThickAsTh: because i was awake and saw erik post the news
truffles: im not solving i want to understand
evoorhees: well unfortunately there is no way to tell the whole market at once
Anduck: u cant be afk and typing
truffles: gesell what was it that you think i was trying to solve though
assbot: [MPEX] [S.MPOE] 1446 @ 0.00069998 = 1.0122 BTC [+]
ThickAsTh: Posting a portion of the tranches on the passthroughs might also go a long way to keep people quiet. (Could also make things worse too I guess. Havelock price didn't fluctuate much during all this, oddly)
gesell: truffles: i get the feeling that a lot of the angst is really rooted in the fact that its hard to "get on top of that" share drop opportunity before the established players. but i dont see a way to solve that
assbot: [BTCTC] [GSDPT] 300 @ 0.0056 = 1.68 BTC [+]
gesell: the angst is in relation to people treating mpex stocks like a real stock market. and the volume isnt there for that. if this were a real stock market s.dice drop would have been closer to the market price because there would have been enough volume to eat it up. with where the volume is, it made sense where he put it. ON TOP of that, the whole idea of forcing his investors to think of s.dice stock different, not as a stock to quickly day trade on but ra
truffles: im curious why they was any rumblings, they knew the risks
gesell: im not upset at all that i bought at 0078
gesell: just sad that i wasnt a mpex whale that could scoop up another 20000k shares at 0044
gesell: but that is just the difference between being a mpex player, and being a normal long term investor
gesell: which reminds me, im gonna take my dividends and reinvest now ;)
gesell: truffles: well not day trade, but to look at the stock as something to trade just on its value alone
gesell: i mean a lot of the s.dice drop got picked up by people that just plan to resell it. this is investment in relation to supply and demand in the market, not investment in s.dice long term, imho
assbot: [BTCTC] [GSDPT] 2870 @ 0.0056 = 16.072 BTC [+]
gesell: maybe i mix up words. hard to describe where i feel there is a difference in how one deals with s.dice on mpex, but there is
truffles: to me seems like a lil niche for the nerd crowd to swap
gesell: the dividends are not however
assbot: [MPEX] [S.MPOE] 14000 @ 0.00069998 = 9.7997 BTC [+]
evoorhees: EskimoBob_afk "why did you need multiple large investors?" - some investment was needed to provide capital for the betting pool.
evoorhees: wasn't so much a "need" as a "that would be smart to do"
evoorhees: do you know how large the bet pool is?
evoorhees: I assume you've seen the swings of several thousand BTC before :)
jurov: folks... got an idea. how much would you pay for 250 BTC on MPEx? to be able to place your order nao?
assbot: [HAVELOCK] [SDICE] 6 @ 0.62 = 3.72 BTC [+]
jurov: no. i can sell some S.MPOE
jurov: they are my own, not coinbr clients.
ThickAsTh: There are passthrough players already
jurov: it would at a loss, so i just threw it in what would be the offers
truffles: at what point is s.dice considered mainstream?
ThickAsTh: You know those reports that Dooglus posts daily on bitcointalk.com? Is there a way to generate some of that info on the fly?
pigeons: some point after bitcoin is
pigeons: ThickAsTh: its in the extras directory in bitcoin armory
ThickAsTh: I got that far, but I don't know jack about python
truffles: well ppl dont understand how bitcoin works enough to just fool aroudn with so i dunno how thatll happen
ThickAsTh: and tried running the py, but it doesnt do anything
pigeons: ThickAsTh: python satoshiDiceStats.py
truffles: when is this utube expected to be completed with jcpham???
assbot: [HAVELOCK] [SDICE] 30 @ 0.62 = 18.6 BTC [+]
gesell: jurov: well i dont know. guess go for it
jurov: that depends if anyone makes me interesting offer
jurov: so far looks like aveyone is content waiting for mp
assbot: [MPEX] [S.MPOE] 39800 @ 0.00069998 = 27.8592 BTC [+]
evoorhees: No but I'm talking with a lawfirm to ensure things are handled properly, now that the site has grown to a significant operation
pigeons: mommy, why is that eskimo angry?
assbot: [BTCTC] [GSDPT] 952 @ 0.0056 = 5.3312 BTC [+]
gesell: evoorhees: do you see any other significant business in the market that could provide more s.dice like diversity of investment and activity?
evoorhees: gesell - hard to match s.dice today, but for sure over the next year there will be some amazing bitcoin companies that emerge
evoorhees: not sure if they'll list on the asset markets though
gigavps: EskimoBob_afk, you're funny
evoorhees: because any company that approaches the earning potential of S.dice might follow the traditional route of getting angel invesetment or VCs
evoorhees: s.dice was unique because it started tiny and grew without a requirement of capital
maximian: evoorhees: what if the law firm says that you have to collect info on your shareholders?
assbot: [BTCTC] [GSDPT] 1500 @ 0.0056 = 8.4 BTC [+]
maximian: would you take that advice seriously, or ignore it?
gigavps: EskimoBob_afk, if that was true, why are there so many Gigaminers claiming and getting paid?
gesell: bleh, the local bot that bitcoin-24 run on their exchange really is getting on my nerves (it ALWAYS up bids above you)
gigavps: fyi, over 2000 coins have been paid :P
maximian: that might be a concern for me, not sure
gigavps: so maybe you should shut the fuck up when you don't know what you are fucking talking about
truffles: but how else can we learn if we dont ask..
gigavps: no need to ask, i do what i say i'm going to do
jurov: there so many Gigaminers claiming and getting laid?
ThickAsTh: shareholder identities for digital goods seems like like an off-the-mark desire
gigavps: over 50% of claims are from outside the US
gigavps: you have nothing to troll about
jcpham: am i missing some class A trolling?
assbot: [MPEX] [S.MPOE] 343 @ 0.00068597 = 0.2353 BTC [-]
assbot: [MPEX] [S.MPOE] 1557 @ 0.00068596 = 1.068 BTC [-]
gigavps: EskimoBob_afk, i hope we meet someday
gigavps: kind of hard to steal coins when you are paying them back
assbot: [BTCTC] [GSDPT] 2548 @ 0.0056 = 14.2688 BTC [+]
assbot: [MPEX] [S.MPOE] 4700 @ 0.00069998 = 3.2899 BTC [+]
iz: DeaDTerra: what if someone else uses your number?
assbot: [HAVELOCK] [SDICE] 10 @ 0.659958 = 6.5996 BTC [+]
truffles: gigavps, whyd you steal from investors?
truffles: this is a lot to know, notary??
assbot: [BTCTC] [GSDPT] 5000 @ 0.0056 = 28 BTC [+]
assbot: [BTCTC] [COGNITIVE] 1 @ 0.33 BTC [+]
truffles: talking to people is instant though
truffles: "Why are bitcointalk forum members so stupid?"
truffles: see im in the right place here
truffles: "Out of all the forums that I have frequented (and I've been on some seriously high volume forums), it is bitcointalk.org that has the dubious distinction of warehousing the largest number of what can only be described as "retards." "
gesell: has anyone really looked at the satcoin (SAT Solver for mining) writeup? could this actually extend GPU life a little for mining?
jurov: i doubt the algo is useful for gpus
jurov: the SHA1 formula is too big
ThickAsTh: Just saw Dooglus' report, great day for SDICE
gesell: jurov: i dont understand. why not? its applied to crypto as an alternative for bruteforce
truffles: nope threat title and 1st comment
ThickAsTh: I've seen much worse forums than bitcointalk.org
jurov: gesell i thought to convert one round of SHA into BNF. got impression that it will be quite big
jurov: but didn't dug deeper
gesell: i guess i have reading to do
jurov: and gpus need small dataset
assbot: [HAVELOCK] [SDICE] 20 @ 0.621 = 12.42 BTC [-]
assbot: [HAVELOCK] [SDICE] 5 @ 0.62 = 3.1 BTC [-]
assbot: [MPEX] [S.MPOE] 6100 @ 0.00069998 = 4.2699 BTC [+]
gesell: any chance mpex will be funding wallets before the s.dice drop?
jurov: still 8 hours left, i believe it will
gesell: bleh, waiting for my blockchain to sync. gah
gesell: man, DPR should give him a continious supply to keep him awake at all times
jurov: lol, you're in it too?
jurov: what 20% you pay 1.2BTC for 1MPExBTC?
gesell: lol, theres no mention of the second s.dice drop on reddit. guess they are all just waiting to post complaints post 10pm
jurov: oh no reddit. the atmosphere is tense enough already :D
maximian: All this attention is ultimately good for s.dice
evoorhees: I think a lot of people were just caught off guard
evoorhees: I should've announced it ahead of time
evoorhees: I'm talking with one of the most vocal critics now, and I think that would've gone a long way to making him feel fine about it
Bugpowder: that dude probably has like 5000 shares
evoorhees: it's fine... he's talking to me now and no worries
jurov: but maximian has a point. outrageous moves on stock exchange are good for popularity :D
gigavps: evoorhees, i hope you aren't caught "off guard" when the US decides SDICE is no dice
gesell: so then sell them in blocks of 1k with each block N mBTC greater than the last, pump up the price to insanity :P
evoorhees: SDICE is not a US company, nor is it hosted in the US, nor does it use US currency
jurov: no. sell every 1k block at random price
evoorhees: though I know the US does wahtever it wants
maximian: evoorhees, you should move to Europe and change the domain to satoshidice.ie :)
gesell: if the US had DHS take down the name and you switched to namecoin, it'd be freaking AWESOME!
gesell: the domain name i mean
gigavps: if US residents play your game, you'll probably come under fire at some point
assbot: [HAVELOCK] [SDICE] 18 @ 0.62 = 11.16 BTC [-]
ThickAsTh: to me, it's the exchanges that deal in fiat that will get in trouble
maximian: the problem is, the DOJ destroys businesses first, asks questions later.
gesell: i wonder how the icelandish protection laws for journalism and data safehavens could be applied for gambling
ThickAsTh: they are the main point of laundering
assbot: [BTCTC] [RSM] 91 @ 0.011 = 1.001 BTC [+]
assbot: [HAVELOCK] [SDICE] 21 @ 0.62 = 13.02 BTC [-]
ThickAsTh: i'm amazed that converting $ to BTC is going on at all
gigavps: evoorhees, has sdice had any contact for any government regarding the lawfulness of it's operations
ThickAsTh: and that happens the moment fiat is taken and BTC is given
mjr__: he is trading fake stuff for other fake stuff in the eyes of anyone
mjr__: he never touches fiat
mjr__: i personally don't see how the govt can say "not legal tender" and then at the same time say "you can't trade play money"
mjr__: so i think legally speaking he is quite safe
ThickAsTh: only vbecause there are bigger, more guilty parties
mjr__: also i thought sdice was in ireland...am i way off?
mjr__: i read an article where they explained how govt trying to crack down on bitcoin would make it even more successful
ThickAsTh: Another thing the US could do is regulate where banks can send money
mjr__: they have and could
ThickAsTh: and stop banks from ACHing to bitcoin exchanges
Lyspooner: evoorhees, it seems like you went from bitcoin spokesperson to accidental millionaire. how do you want to be remembered?
Bugpowder: jurov, the random price idea is actually really good
mjr__: i want to buy some bitcoins locally in nyc
Bugpowder: and people must bid thier preferred price, with no guidance from the offering
mjr__: just so you guys know
mjr__: have you not seen the startups who have raised seed rounds?
mjr__: coinbase being the most public example?
mjr__: those are some HUGE names attached to the financing of over a half a million USD
iz: how much did they raise?
mjr__: and i seriously doubt that those VC's and YCombinator would not at least think of legal ramifications
assbot: [HAVELOCK:SDICE] 1D: 0.52100000 / 0.62504313 / 0.76500000 (682 shares, 426.27941480 BTC), 7D: 0.52100000 / 0.71781239 / 0.89000000 (2529 shares, 1815.34753929 BTC), 30D: 0.44000000 / 0.61915127 / 0.89000000 (6188 shares, 3831.30805722 BTC)
mjr__: another one raised half a mil
mjr__: i think 2 actually raised half a mil each
mjr__: so business is starting to notice
mjr__: and coinbase's stated goal is to make it as easy as possible to transfer USD for BTC
mjr__: the revolution will not be televised lol
evoorhees: VC money is absolutely noticing bitcoin now
mjr__: i am hoping to meet with one later this week
mjr__: and have a couple of others who have expressed interest
mjr__: in fact firstmark capital is in my office building
mjr__: hey neighbor, got a cup of sugar?
assbot: [BTCTC] [GSDPT] 1500 @ 0.0061 = 9.15 BTC [+]
assbot: [BTCTC] [GSDPT] 1 @ 0.0066 BTC [+]
assbot: [BTCTC] [GSDPT] 1499 @ 0.0067 = 10.0433 BTC [+]
SpNg: how does coinbase differ from say Mtgox? They are both BTC wallets with the ability to convert from fiat to BTC right?
mjr__: they try to sell ease of use
mjr__: but they did not actually do anything new
mjr__: but that is my point
mjr__: it doesn't have to be crazy and new
assbot: [HAVELOCK] [SDICE] 10 @ 0.65 = 6.5 BTC [+]
evoorhees: jurov - I have a way to see how many doublespends are successful against SD
mjr__: question jurov you run coinbr right?
mjr__: i was just curious, if you set a limit order, do you get best price?
assbot: [MPEX] [S.DICE] 200 @ 0.00677999 = 1.356 BTC [-]
mjr__: ie. let's say i put a limit order at 2...
mjr__: i wanna buy at 2 (example purposes)
mjr__: someone else posts at 1, do i get one?
jurov: yes you should. for 0.0055
jurov: (if we'e speaking about buy orders for sdice)
mjr__: ok cool, so if i put it between the bid and ask and evoorhees posts for under my bid i get price improvement...
mjr__: that is what i was just checking
mjr__: awesome, localbitcoins better come through today
jurov: but also someone other can sell to you for that higher price
Bugpowder: you should get it at the price you bid
mjr__: if they choose to sell at my place
mjr__: limit is "an order to buy a certain amount of shares at a certain price or better"
Bugpowder: someone places an ask below yours, regardless of origin, you will get filled at your bid
mjr__: you cannot pay MORE than your bid
mjr__: first...that's not the way limit orders work
jurov: bugpowder, are you saying that evoorhees will send sell order at 0.0055 and ends up paying more cause of mjr__?
mjr__: second...jurov who runs the broker said i would get price improvement
Bugpowder: if the bid is higher than the price he posts
Bugpowder: this is how it worked in S.BBET IPO
Bugpowder: this is how it works in any trading system
mjr__: that is a silent auction
mjr__: that is how limit orders work
mjr__: it's called price improvement
mjr__: the only "limit" is how high you are willing to pay, you can think of it as saying "i will pay any price up to this price for this number of shares"
Bugpowder: mjr__ think about it a little harder
mjr__: i want to buy 500 shares at this price or better
Bugpowder: that only works if you are buying into EXISTING ask orders
mjr__: in this situation it would also work
mjr__: unless evoorhees chooses to set certain shaers at different prices
Bugpowder: evoorhees will just be selling a LIMIT order into YOUR existing order
Bugpowder: the price improvement will work for him, not you
mjr__: he will release a block at a certain price
Bugpowder: all existing bids will be filled at the bid price, highest first, on down to a limit of .0055
Bugpowder: this is why people currently have bids over .0055
mjr__: if i was closer to the ask, i would get price improvement
Bugpowder: BEFORE you place the order, you will get improvement
mjr__: by the way did he announce the price is going to be .0055
maximian: maybe the bids will pile up high enough that 0.0055 isn't reached.
Bugpowder: a new block of 10,000 shares issued 1.03x every 1 second
jurov: yes. i'm just looking it up to be certain
jurov: for exaple before IPO there was buy order "Quantity":"54500", "Price":"55000"
jurov: and during IPO all the transactions went at price 55000 till the order wasn';t exhausted
jurov: so it should be clear now
assbot: [HAVELOCK] [SDICE] 20 @ 0.6499 = 12.998 BTC [-]
gribble: smickles was last seen in #bitcoin-assets 1 day, 2 hours, 11 minutes, and 49 seconds ago: <smickles> i think i recall someone keeping a log
assbot: [HAVELOCK] [SDICE] 15 @ 0.65 = 9.75 BTC [+]
topace_: mircea_popescu: when will you be around to process deposits?
leotreasure: how many shares are in the SD 2nd tranche?
gesell: im kind of resolving myself to the reality that i might not see any of it. oh well
leotreasure: i missed the 1st tranche cos i went to see Tim Berners-Lee
gesell: well, we all mess up sometimes ;)
Ukyo: leotreasure: : its gonna getcrazy
jurov: i hope i won't mess anything... it will be 4am here and i'll be a zombie
jurov: and i can't go sleep since coinbr users are pounding on the door already
jurov: if i credit them late there will be lynchmob or dunno
kakobrekla: cheap shares yesterday = all is wrong, less cheap shares today = all is swell!
jurov: I know it takes 48hrs to post due to manual processing, etc ... but
jurov: > can you work with MPEX to speed it up?
gesell: yeah, let it roll off. who knows, maybe mircea_popescu will save you by just not waking up for the next 8 hours and then it can be all his fault ;)
evoorhees: by the way - I won't release the tranche until mircea has joined and cleared the funds
evoorhees: will people get mad at me for that also? :)
maximian: there's always something to be mad about :)
Bugpowder: you should do it when you said you wold
Bugpowder: people should park their coins on mpex
jcpham: mircea told me he was taking everyones bittycoins
jcpham: he wanted me to tell you to have a nice day, though
Lyspooner: sweet, the best bitcoin asset is a casino
kakobrekla: yes erik not your fault for being successuful, shit just happens.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00069769 = 3.0147 BTC [-]
assbot: [MPEX] [S.MPOE] 6756 @ 0.00069744 = 4.7119 BTC [-]
Bugpowder: What is the bitcoin to Amazon coin exchange rate?
jcpham: the thing that just came out today?
jcpham: or amazon cash as in gift codes
jcpham: it's looking like -%10 Amazon for BTC right now otc
assbot: [HAVELOCK] [SDICE] 4 @ 0.69686969 = 2.7875 BTC [+]
assbot: [HAVELOCK] [SDICE] 10 @ 0.6969 = 6.969 BTC [+]
assbot: [HAVELOCK] [SDICE] 67 @ 0.7 = 46.9 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.7 = 2.1 BTC [+]
gesell: evoorhees: there's no right way to do anything. bravo for trying but i guess people will get mad at something somewhere
gesell: 10000 Amazon Coins are currently worth 1 Bitcoin Gem
Namworld: there's a new tranche coming up?
gesell: but yes, 1m shares at 10pm EST
jurov: evoorhees: but it's fact that if you announced yest, you'll get much better price. you see what happens yourself.
assbot: [MPEX] [S.DICE] 200 @ 0.00677 = 1.354 BTC [-]
Namworld: The way I see it, it's just 5%. Gets him more BTC/USD aside. If SD keeps going like it is, he still got a large %. If it doesn't, he has money put aside.
Namworld: Although he said it might not be his shares
Namworld: Private investors and whatnot.
ThickAsTh: He'll get much better prices until market falls lower. Once we get to the 5th tranche itll be hard to sell at .0055
ThickAsTh: but itll be interesting to see how this all unfolds
Namworld: I am not sure it will be that hard. Plus next one should be higher still
jurov: there's queued money for 2nd tranche already
ThickAsTh: the dividend promise is still high
Ukyo: and working on 3rd tranche
jurov: oh i actually meant "next 3 tranches are filled by these deposits"
jurov: ^^ imbodied innocence
Namworld: jurov, most of these funds were already there before the S.DICE planned slices
Namworld: They might be tied in options and whatnot
jurov: Namworld, click on the icon in in Final Balance row, right above "Donation Button"
jurov: and behold the spike in balance graph
assbot: [MPEX] [S.MPOE] 2764 @ 0.00069778 = 1.9287 BTC [+]
assbot: [MPEX] [S.MPOE] 7694 @ 0.00069744 = 5.3661 BTC [-]
assbot: [MPEX] [S.MPOE] 3950 @ 0.00069567 = 2.7479 BTC [-]
Ukyo: since MP did the last deposit processing
Ukyo: there are now over 7,000 btc
Ukyo: waiting for deposit
assbot: [MPEX] [S.MPOE] 10000 @ 0.00069092 = 6.9092 BTC [-]
Bowjob: I felt so bad I so the shares went from 9k to 0