log☇︎
▁▁▁▁⏐︎ 19688
Diablo-D3: clearly he is wrong
mjr_: importData(http://live.coinbr.com/last?mpsic=S.MPOE)["last"][3]
mjr_: that should work i think, but it doesn't
mjr_: i keep getting parse error
assbot: [BTCTC] [GSDPT] 10 @ 0.006 = 0.06 BTC [-]
Lyspooner: hi truffles
assbot: [BTCTC] [S.MPOE-PT] 10 @ 0.00067 = 0.0067 BTC [-]
mircea_popescu: "I already get enough shit because the general public think the legal adult industry and the illegal adult industry are all the same. I'm not asking for a second helping."
mircea_popescu: wait, what ?!
assbot: [HAVELOCK] [HIM] 1 @ 14.1 BTC [+]
assbot: [HAVELOCK] [SDICE] 7 @ 0.7499998 = 5.25 BTC [+]
awkorama: evening gentlemen
iz: there's another joke like that w/ a punchline of the wallet turning into a suitcase if you rubbed it a little
iz: like the dude saved foreskins and made leather goods out of them
mircea_popescu: "If MP has any dirty laundry such as child sex charges or other things it will be found by SA. Then MP can be right up there with such luminaries as Bruce Wagner."
mircea_popescu: srsly, the forum :D
assbot: [HAVELOCK] [SDICE] 4 @ 0.7499998 = 3 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00598093 = 5.9809 BTC [-]
assbot: [MPEX] [S.DICE] 50 @ 0.00598092 = 0.299 BTC [-]
awkorama: I was rubbing my wallet.dat a little and it didn't change to any suitcase.
assbot: [MPEX] [S.MPOE] 2600 @ 0.0006442 = 1.6749 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064135 = 2.7713 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064126 = 2.7709 BTC [-]
assbot: [MPEX] [S.MPOE] 7808 @ 0.00064111 = 5.0058 BTC [-]
mircea_popescu: http://mpex.co/
mircea_popescu: new header :D
assbot: [MPEX] [S.MPOE] 3445 @ 0.00064111 = 2.2086 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063943 = 2.763 BTC [-]
assbot: [MPEX] [S.MPOE] 3084 @ 0.00063942 = 1.972 BTC [-]
assbot: [MPEX] [S.MPOE] 3084 @ 0.00063942 = 1.972 BTC [-]
Bugpowder: 3 hours of waiting in the Burning Man ticket queue.
Bugpowder: sux
wao: lal
mircea_popescu: i've never waited in a queue.
assbot: [MPEX] [S.DICE] 5 @ 0.00609587 = 0.0305 BTC [+]
mircea_popescu: why the fuck would you ?!
jurov: hm, looking to the site, do you ask "I understand that I will be required to pay 30 BTC" to be written in chinese/farsi FAQ, too?
kakobrekla: > The only Bitcoin service that has never been hacked.
kakobrekla: lies.
pigeons: ;;google youtube les claypool burning man
gribble: Hey Are Ya Goin to Burning Man - Claypool / Electric ... - YouTube: <http://www.youtube.com/watch?v=vvoHPGbax_M>; Electric Apricot - Burning Man - YouTube: <http://www.youtube.com/watch?v=2_mWCcKOJnA>; Hey are you going to Burning Man - Live at Festeroo - YouTube: <http://www.youtube.com/watch?v=wkiPRxFztVQ>
Bugpowder: online queue
mircea_popescu: jurov no, foreigners get off easy
mircea_popescu: Bugpowder o thought you were checking on mobile
mircea_popescu: foursquare style
assbot: [MPEX] [S.DICE] 45 @ 0.00609587 = 0.2743 BTC [+]
Bugpowder: nope
mircea_popescu: kakobrekla ya well! lies & drama back bitcoin
Bugpowder: I refreshed the initial page to slow and got in line 1 minute after it opened
mircea_popescu: lol
Bugpowder: now a 3 hour wait
Bugpowder: my friend got his in 10 minutes.
Bugpowder: fuc
jurov: lol it's like... in motorests in austria, there are slovak warnings "to use toilet you have to pay". slovak only.
mircea_popescu: hahaha
mircea_popescu: slovakistan!!!
mircea_popescu: jurov but honestly : it is in the farsi faq
mircea_popescu: and the chinese one has a guy doing it anyway
mircea_popescu: also http://www.stripperweb.com/forum/showthread.php?173251-Have-you-heard-of-this-new-currency-and-way-of-getting-paid-called-Bitcoins this is kinda funny.
kakobrekla: Banned
mircea_popescu: what ?!
kakobrekla: the author was banned
kakobrekla: from the forums
mircea_popescu: o yeah
mircea_popescu: some bitcoin tard "educating" a buncha strippers about bitcoin
mircea_popescu: it ended up something like, random bitcointalk dood walks into a forum populated by 5000 mpoeprs
jurov: 5000 mpoeprs *wipes monitor*
mircea_popescu: damn straight
mircea_popescu: but seriously now : somebody should make a bitcoin based webcam programme.
mircea_popescu: that industry is currently fucked in the ass by HIRE
mircea_popescu: on top of all the other nonsense.
kakobrekla: HIRE?
mircea_popescu: yes.
kakobrekla: whats that
mircea_popescu: the mericans came up with this really retarded idea whereby anyone sending money into the us has to also apply the us laws to their customers
mircea_popescu: which is why most non-us banks aren't actually dealing with transfers towards the us anymore
mircea_popescu: and to top it all off next year ALL transfers will have to be charged 30% tax
mircea_popescu: regardless if they're taxable or not.
Bugpowder: wat?
Bugpowder: 30% wat?
mircea_popescu: 30% fuck you fee.
Bugpowder: link?
mircea_popescu: srsly. if you're an american and have a foreign bank account
mircea_popescu: you will be charged on all transfers.
kakobrekla: what does this have to to with free trade talkings that i posted about today
mircea_popescu: http://www.bracewellgiuliani.com/news-publications/updates/hire-act-2010-increases-need-international-tax-compliance
mircea_popescu: this is pretty old shit ?
pigeons: many countries and banks don't allow american customers
kakobrekla: 13 February 2013: EU and US free-trade talks launched
Bugpowder: this is only if they don't report who the account owner is
kakobrekla: any realation to that'
Bugpowder: there is no withholding if they do report it seems
mircea_popescu: kakobrekla not much really.
mircea_popescu: Bugpowder guess who is going to report ?
Bugpowder: just applying pressure to Switz
mircea_popescu: nah, by now the incentives just aren't there.
mircea_popescu: much cheaper to cut the us loose.
Bugpowder: BITCOIN RALLY ON IRC CHAT DISCUSSION
mircea_popescu: totally.
mircea_popescu: tbh i was pretty certain the cause of the rally is this
mircea_popescu: some provisions start in march
mircea_popescu: people were trying to wait past the halving but not much past march, so... squeeze.
Bugpowder: if you can afford the fee, they don't charge you
Bugpowder: seriously
mircea_popescu: heh.
Bugpowder: Platinum...
Bugpowder: Admiral shares
mircea_popescu: who the fuck is paying 30% ?
Bugpowder: Vanguard Flagship account
Bugpowder: nobody is paying 30%
mircea_popescu: right.
Bugpowder: thye will report
mircea_popescu: no they won't.
mircea_popescu: they'll jsut shrug and carry on.
Bugpowder: or people will have money for offshore
Bugpowder: and money for onshore
mircea_popescu: pretty much
Bugpowder: and never the twain shall meet
Bugpowder: except via btc
mircea_popescu: in the unlikely event there's someone wioth any wealth left physically in the us
Bugpowder: jesus bitcoin is amazing
mircea_popescu: which seems rather improbable atm
Bugpowder: lol
Bugpowder: you are so fucking negative
Bugpowder: nah
Bugpowder: not as rich
Bugpowder: but yes
Bugpowder: other professions with money
Bugpowder: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.00000, Best ask: 25.15000, Bid-ask spread: 0.15000, Last trade: 25.00000, 24 hour volume: 82323.14434998, 24 hour low: 24.47998, 24 hour high: 26.30000, 24 hour vwap: 25.57240
Bugpowder: This is getting serious
Bugpowder: anybody want to buy some calls?
mircea_popescu: things are getting serious...
mircea_popescu: http://www.youtube.com/watch?v=1IRGenlpf-E
pigeons: and you haven't stopped talking since
Bugpowder: that was last week
mircea_popescu: what ?!
mircea_popescu: hm, is my ignore filtering half the chat again ?
Bugpowder: truffles
kakobrekla: told ya.
mircea_popescu: it's funny how that works, i add names, the killed lines counter jumps to hundreds a day, then a few weeks later it's back to 0
mircea_popescu: then...
kakobrekla: you have a killed lines counter? :D
kakobrekla: damn.
mircea_popescu: i have ignore stats ! im from like... the future.
kakobrekla: does it say on the end of report "you are very ignorant" :D
jurov: once btcusd goes to 133 coinbr acct will cost 12 bucks/month too, then :P
Bugpowder: I dunno about this dump
Bugpowder: seems reall
Bugpowder: feels toppy
Bugpowder: its persistent
Bugpowder: lots of overhead resistance
kakobrekla: http://bitbet.us/bet/221/btc-usd-at-mtgox-will-stay-above-20-24-and/
kakobrekla: money for grabs if so
jurov: fuck bitbet... i made few small bets slightly drunk
jurov: using coinbr wallet
jurov: now i realized i have to check every deposit whether it isn't something from bitbet
kakobrekla: loool
kakobrekla: just use a different output addy
jurov: oh yea
jurov: and add alcohol tester to coinbr admin interface
kakobrekla: you will trick yourself using different drugs.
kakobrekla: no good.
kakobrekla: there we go, dumping.
kakobrekla: 24.6
kakobrekla: 24.5
kakobrekla: 24.4
pizzaman1337: good, I want the price to go down. Need to buy more coings.
pizzaman1337: coins*
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.49753, Best ask: 24.50000, Bid-ask spread: 0.00247, Last trade: 24.50000, 24 hour volume: 86614.45783048, 24 hour low: 24.48752, 24 hour high: 26.30000, 24 hour vwap: 25.53151
kakobrekla: http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
assbot: [MPEX] [O.BTCUSD.P230T] 948 @ 0.06641709 = 62.9634 BTC
mircea_popescu: lmao jurov
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.50000, Best ask: 24.63661, Bid-ask spread: 0.13661, Last trade: 24.63661, 24 hour volume: 87831.55624440, 24 hour low: 24.48752, 24 hour high: 26.30000, 24 hour vwap: 25.51202
mircea_popescu: ;;bc,convert eur
gribble: 1 BTC = 24.63661 U.S. dollars = 18.2859126 Euros
mircea_popescu: well... i sold my 200 at 17 so a way to go.
assbot: [MPEX] [O.BTCUSD.P230T] 52 @ 0.06641709 = 3.4537 BTC
kakobrekla: http://jezus.si:81/render?target=bitcoin.*.transactions&height=500&width=1100&lineMode=connected
kakobrekla: bitstamp stuck at 25 again
mircea_popescu: that poor guy with the short puts
mircea_popescu: he's getting massacred again
Namworld: What?
assbot: [MPEX] [O.BTCUSD.C200T] 745 @ 0.21602472 = 160.9384 BTC [-]
assbot: [MPEX] [O.BTCUSD.C190T] 745 @ 0.25537348 = 190.2532 BTC [+]
mircea_popescu: Namworld bitcoin is dropping
assbot: [MPEX] [O.BTCUSD.C180T] 744 @ 0.29472225 = 219.2734 BTC [+]
assbot: [MPEX] [O.BTCUSD.C170T] 735 @ 0.33407101 = 245.5422 BTC [-]
assbot: [MPEX] [O.BTCUSD.C160T] 4 @ 0.37341978 = 1.4937 BTC [+]
Namworld: Someone is cashing in his calls or something.
assbot: [MPEX] [O.BTCUSD.P250T] 1000 @ 0.10775591 = 107.7559 BTC
Namworld: It just dropped a bit.
kakobrekla: a tad.
assbot: [MPEX] [O.BTCUSD.P240T] 1000 @ 0.08563291 = 85.6329 BTC
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.06697417 = 66.9742 BTC [+]
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.29000, Best ask: 24.30000, Bid-ask spread: 0.01000, Last trade: 24.30000, 24 hour volume: 89583.97608075, 24 hour low: 24.23140, 24 hour high: 26.30000, 24 hour vwap: 25.48663
assbot: [MPEX] [O.BTCUSD.P260T] 1000 @ 0.13408587 = 134.0859 BTC [-]
pizzaman1337: cashing in on puts?
Bugpowder: nope
Bugpowder: buying
pizzaman1337: good luck
Bugpowder: GOT 2 BURNING MAN TIX
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063952 = 2.7634 BTC [+]
assbot: [MPEX] [S.MPOE] 11916 @ 0.00063942 = 7.6193 BTC [-]
assbot: [MPEX] [S.MPOE] 4366 @ 0.00063878 = 2.7889 BTC [-]
assbot: [MPEX] [O.BTCUSD.P230T] 100 @ 0.06707301 = 6.7073 BTC [+]
assbot: [MPEX] [O.BTCUSD.P230T] 900 @ 0.06707301 = 60.3657 BTC [+]
assbot: [MPEX] [O.BTCUSD.P240T] 1000 @ 0.08576716 = 85.7672 BTC [+]
assbot: [MPEX] [O.BTCUSD.P250T] 1000 @ 0.10793223 = 107.9322 BTC [+]
Bugpowder: battle for the puts
kakobrekla: a dollar difference still stamp vs gox
mircea_popescu: teh whoa
assbot: [MPEX] [O.BTCUSD.P350T] 1000 @ 0.48629718 = 486.2972 BTC [+]
Bugpowder: LOL
Bugpowder: FUCKING LOSER
Bugpowder: close that short
mircea_popescu: seems you've totally spooked everyone Bugpowder
mircea_popescu: he;'s only down 20% on this round.
Bugpowder: DIVE DIVE DIVE
kakobrekla: http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
kakobrekla: is not bad
pigeons: "official"
pigeons: what the hell are you talking about
BitHub: lol s.dice?
pigeons: but yeah market price is the price you can get them at, but no you can't get bitcoins from s.dice except dividend day or winning bets
kakobrekla: yeah theres an official place that sells 25$ btcs
pigeons: https://en.bitcoin.it/wiki/Buying_bitcoins
mircea_popescu: kakobrekla luke ?
kakobrekla: aha
kakobrekla: ;)
kakobrekla: 23.8 btw
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.06763205 = 67.6321 BTC [+]
assbot: [MPEX] [O.BTCUSD.P240T] 1000 @ 0.0864789 = 86.4789 BTC [+]
Bugpowder: that fucker got the 230s again
pigeons: what the hell are you talking about
Bugpowder: Ok I have enough puts
kakobrekla: im guessing this weeked could be a good time to stock up if needed
kakobrekla: weekend
pigeons: im gonna ignpore ore you too truffles if you dont stat making sense
Bugpowder: This will either make the ponzi plot truly explode.... or make me cry
Bugpowder: are you an SEC bitcoin narc?
pigeons: i think he's just a retard
Namworld: Hey, I want some puts too
assbot: [MPEX] [O.BTCUSD.P350T] 1000 @ 0.48869324 = 488.6932 BTC [+]
Bugpowder: oh wow
pigeons: well now you have 50 places from that link
Bugpowder: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.61000, Best ask: 23.87675, Bid-ask spread: 0.26675, Last trade: 23.61000, 24 hour volume: 94921.36763921, 24 hour low: 23.61000, 24 hour high: 26.30000, 24 hour vwap: 25.39773
assbot: [BTCTC] [BASIC-MINING] 5 @ 0.349 = 1.745 BTC [-]
mircea_popescu: aha. teh drop huh.
assbot: [BTCTC] [BASIC-MINING] 34 @ 0.3499 = 11.8966 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.35 BTC [+]
Bugpowder: dude that guy got fucked two times
Bugpowder: He is the top caller
mircea_popescu: lol srsly.
mircea_popescu: it's not going back up for now.
Namworld: Some guy overbought on calls/oversold puts?
Namworld: like last month?
mircea_popescu: some whale shorted like i dunno, 20, 30k worth of deep puts last exercise
Bugpowder: he bought 30,000 calls at the top last time
mircea_popescu: then covered for like -5k
Bugpowder: oh
mircea_popescu: then like... yesterday ? sold 5k
Bugpowder: yeah
Bugpowder: it was shorting puts
mircea_popescu: and now is covering them
mircea_popescu: Bugpowder someone was buying calls too
mircea_popescu: but i think it was someone else
mircea_popescu: it's ridiculous by now, within 24 hours he's screwed.
Bugpowder: should be good for S.MPOE
mircea_popescu: meanwhile back at the pussyranch, http://www.stripperweb.com/forum/showthread.php?181800-Bitcoin-Giveaway
kakobrekla: 23.1
assbot: [MPEX] [S.MPOE] 12784 @ 0.00063878 = 8.1662 BTC [-]
assbot: [MPEX] [S.MPOE] 3516 @ 0.00063701 = 2.2397 BTC [-]
maximian: mircea_popescu: PR should also mention that 1BTC is over $20 USD
mircea_popescu: why ?
maximian: cuz why would thy bother? they probably don't realize that bit coins are worth anything
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.06977665 = 69.7767 BTC [+]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.06000, Best ask: 23.10500, Bid-ask spread: 0.04500, Last trade: 23.10500, 24 hour volume: 100067.34572136, 24 hour low: 23.06000, 24 hour high: 26.30000, 24 hour vwap: 25.28815
pizzaman1337: awesome, keep dropping...
kakobrekla: where is your bid at pizza? :)
pizzaman1337: I have no bid :( ACH is slow...
Namworld: so, another good month for S.MPOE in sight, mircea?
Namworld: with all the calls that were bought =P
swhitt: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.03655, Best ask: 23.10000, Bid-ask spread: 0.06345, Last trade: 23.03655, 24 hour volume: 100563.10296792, 24 hour low: 23.03655, 24 hour high: 26.30000, 24 hour vwap: 25.27701
kakobrekla: http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
kakobrekla: lulz
swhitt: whoa
swhitt: that's a lopsided market
pizzaman1337: this is cool to watch
mircea_popescu: Namworld prolly
BitHub: http://bitcoinity.org/markets
mircea_popescu: course you never know.
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.02002, Best ask: 23.10001, Bid-ask spread: 0.07999, Last trade: 23.02002, 24 hour volume: 101056.49539453, 24 hour low: 23.02002, 24 hour high: 26.30000, 24 hour vwap: 25.26533
Namworld: yeah, we'll see about it.
mircea_popescu: things can change in half hour.
kakobrekla: ok for real truffles, start in #bitcoin-otc or smth
assbot: [MPEX] [S.MPOE] 3900 @ 0.00063701 = 2.4843 BTC [-]
kakobrekla: start meaning start.
Namworld: Yeah, but the growth was a bit unrealistic.
Namworld: there was no one selling, no ask depth. Price increasing very fast.
pigeons: right, because we're going to put you on ignore
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.04000, Best ask: 23.20000, Bid-ask spread: 0.16000, Last trade: 23.20000, 24 hour volume: 106681.62083572, 24 hour low: 22.02100, 24 hour high: 26.30000, 24 hour vwap: 25.10876
mircea_popescu: stopped for now huh
kakobrekla: lunch break.
kakobrekla: what?
Namworld: No, it's near 22 USD/BTC now
Namworld: MtGox is lagging bad
Namworld: http://www.bitcoincharts.com/markets/mtgoxUSD.html
Namworld: lol, that chart is FUNNY
pizzaman1337: ;;goxlag
gribble: 249.494233 seconds
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 22.02100, Best ask: 23.05000, Bid-ask spread: 1.02900, Last trade: 23.05000, 24 hour volume: 107968.90102643, 24 hour low: 22.02100, 24 hour high: 26.30000, 24 hour vwap: 25.07438
swhitt: whoa
pizzaman1337: $1 spread?...
kakobrekla: :>
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 22.55933, Best ask: 22.80000, Bid-ask spread: 0.24067, Last trade: 23.05000, 24 hour volume: 109588.67124306, 24 hour low: 22.01000, 24 hour high: 26.30000, 24 hour vwap: 25.03072
kakobrekla: ;;bc,convert eur
gribble: 1 BTC = 23.05000 U.S. dollars = 17.1082907 Euros
pizzaman1337: last is 25 cents higher than best ask though
kakobrekla: ya no problem with that
kakobrekla: soh, will it break 20
pizzaman1337: ;;goxlag
gribble: 312.221853 seconds
pizzaman1337: 5 min lag...?
kakobrekla: they suck yea
kakobrekla: we might be at 50$ for all we know by now
pizzaman1337: it could be in their interest for more lag though - more panic, more selling, more transaction fees, more profit..
kakobrekla: i could be just php.
kakobrekla: :)
Namworld: We could be at 1 or at 50, yeah
Namworld: too much lag
kakobrekla: i hope its 1.
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 22.52201, Best ask: 22.79700, Bid-ask spread: 0.27499, Last trade: 22.79700, 24 hour volume: 111499.86991286, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.97243
mircea_popescu: teh wow.
mircea_popescu: so thisis the great unwind.
kakobrekla: ;;goxlag
gribble: 496.211258 seconds
kakobrekla: lol
kakobrekla: getting even wrose
assbot: [MPEX] [O.BTCUSD.P230T] 265 @ 0.07546687 = 19.9987 BTC [+]
kakobrekla: i tell you
kakobrekla: their bad code is fuckin bitcoin stability
assbot: [MPEX] [S.MPOE] 1224 @ 0.00063701 = 0.7797 BTC [-]
assbot: [MPEX] [S.MPOE] 34276 @ 0.00063696 = 21.8324 BTC [-]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 22.50000, Best ask: 22.65000, Bid-ask spread: 0.15000, Last trade: 22.65000, 24 hour volume: 114786.56433186, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.89309
assbot: [MPEX] [O.BTCUSD.P350T] 1000 @ 0.51921463 = 519.2146 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064464 = 2.7855 BTC [+]
assbot: [MPEX] [S.MPOE] 10829 @ 0.00064499 = 6.9846 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 2594 @ 0.00067 = 1.738 BTC [-]
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 22.78000, Best ask: 22.90000, Bid-ask spread: 0.12000, Last trade: 22.78000, 24 hour volume: 115402.35989204, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.87805
kakobrekla: what is this dog?
pizzaman1337: seems like it stopped falling
kakobrekla: or gox capped out
kakobrekla: we dont know really.
kakobrekla: :>
pizzaman1337: the asks are soo thin..
kakobrekla: yea
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.04288, Best ask: 23.08065, Bid-ask spread: 0.03777, Last trade: 23.08065, 24 hour volume: 117425.35972100, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.84136
kakobrekla: ;;goxlag
gribble: 45.297523 seconds
pizzaman1337: seems like now might not be a bad time to buy
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 23.33000, Best ask: 23.49800, Bid-ask spread: 0.16800, Last trade: 23.49800, 24 hour volume: 117968.26192446, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.83143
Namworld: http://bitcoin.clarkmoody.com/
Namworld: Some slight bounce going on.
Namworld: We reached like 21.7
mircea_popescu: crazy times
DeadWeasel: i'm sorry, did someone just take a 35k dump?
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.40000, Best ask: 24.74000, Bid-ask spread: 0.34000, Last trade: 24.40000, 24 hour volume: 121630.16790847, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80265
pizzaman1337: well, that was fast
maximian: impressive recovery
broomkorn: dump&pump
DeadWeasel: no kiddin
DeadWeasel: that was what, 35k btc?
Namworld: Recovery? I call it a bounce
Namworld: no market depth
Bowjob: whats the difference
Bowjob: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.91954, Best ask: 24.94948, Bid-ask spread: 0.02994, Last trade: 24.91954, 24 hour volume: 122926.85310540, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80555
broomkorn: jan 24th was different
Namworld: http://www.bitcoincharts.com/markets/mtgoxUSD.html
Namworld: There's a LOT of asks now
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063706 = 2.7527 BTC [-]
assbot: [MPEX] [S.MPOE] 5179 @ 0.00063696 = 3.2988 BTC [-]
Namworld: and no market depth. Will crash right back. Price is unstable and should now correct, hopefully.
Namworld: I'd prefer stable BTC prices
broomkorn: pretty sure the liquidity will prevent that
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.40000, Best ask: 24.90000, Bid-ask spread: 0.50000, Last trade: 24.40000, 24 hour volume: 123213.42485046, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80525
mircea_popescu: no actually, this is it.
mircea_popescu: price is now 24.5ish. the end.
assbot: [MPEX] [O.BTCUSD.P350T] 1000 @ 0.53072917 = 530.7292 BTC [+]
DeadWeasel: wtf, coinbase lowered their sell limit from 1K to 300
DeadWeasel: w/out a notification.
assbot: [MPEX] [S.DICE] 70 @ 0.00609588 = 0.4267 BTC [+]
Namworld: Price went to 25.5 like 10 minutes ago and now back down
Namworld: It ain't down yet
Namworld: http://www.bitcoincharts.com/markets/mtgoxUSD.html
Namworld: Not until that huge gap disappear ^
kakobrekla: ;;tslb
Bowjob: looks like we can hit 21 dollars any minute
gribble: Time since last block: 18 minutes and 13 seconds
kakobrekla: ;;bc,stats
gribble: Current Blocks: 221055 | Current Difficulty: 3275464.586565617 | Next Difficulty At Block: 221759 | Next Difficulty In: 704 blocks | Next Difficulty In About: 4 days, 1 hour, 39 minutes, and 53 seconds | Next Difficulty Estimate: 3478478.41739 | Estimated Percent Change: 6.19802
Namworld: Now prices are unstable and all it would take is some larger holding seeing this, panicking and selling 20k at market price to send it all crashing for good.
Bowjob: 2 dollar coins please
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064238 = 2.7757 BTC [+]
assbot: [MPEX] [S.MPOE] 10745 @ 0.00064256 = 6.9043 BTC [+]
assbot: [MPEX] [S.MPOE] 1821 @ 0.00064499 = 1.1745 BTC [+]
Namworld: nah... that won't happen again...
assbot: [MPEX] [S.MPOE] 2889 @ 0.00064701 = 1.8692 BTC [+]
Bowjob: fine. 2.1 coins please
Namworld: But I value BTC maybe 16-18 USD right now.
Bowjob: if we hit 2 dollars again im getting an mpex
Bowjob: lol
aiball: Namworld are you selling at $17?
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.39917, Best ask: 24.40000, Bid-ask spread: 0.00083, Last trade: 24.40000, 24 hour volume: 126560.10139199, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80221
mircea_popescu: Namworld nah. it's done.
mircea_popescu: lol Bowjob
kakobrekla: i sold at 25 bought back at 24 sold back some at 25
mircea_popescu: youll be rich
mircea_popescu: ;;bc,convert eur
kakobrekla: good game but not worth it
gribble: 1 BTC = 24.30001 U.S. dollars = 18.0360796 Euros
mircea_popescu: hey, if it drops another euro i can buy my 200 back
kakobrekla: better to not look at btc value and just make new coins on fx
Namworld: No, unless it drops under 17 USD/BTC
Namworld: We're headed back downward
Namworld: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.04750, Best ask: 24.40102, Bid-ask spread: 0.35352, Last trade: 24.04750, 24 hour volume: 126934.28273813, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80032
aiball: is this all about asics coming online today?
Diablo-D3: probably
Namworld: They're coming only today? Who's?
kakobrekla: pirates.
aiball: so we've got the good old days until at least the next difficulty reset.
Diablo-D3: Namworld: er, asicminer most likely has almost all of theirs online
Diablo-D3: no one can get ahold of friedcat, which is evidence in of itself that hes very busy plugging shit in
BitHub: :)
BitHub: +1 asicminer
aiball: and selling his new btcs
mircea_popescu: http://www.stripperweb.com/forum/showthread.php?181800-Bitcoin-Giveaway&p=2454907#post2454907
mircea_popescu: meanwhile the girl is totally rocking the stripper thread
kakobrekla: ;;tslb
gribble: Time since last block: 36 minutes and 6 seconds
kakobrekla: so much for asic.
mircea_popescu: ya totally asics
mircea_popescu: lol
aiball: MP are you being sarcastic? I don't know enough to be able to tell...
aiball: sorry,, Mr. P
mircea_popescu: not rly
mircea_popescu: she's really rocking it.
broomkorn: lol at that thread
mircea_popescu: totally.
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.30000, Best ask: 24.35001, Bid-ask spread: 0.05001, Last trade: 24.30000, 24 hour volume: 126809.53474656, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.79075
mircea_popescu: i've learned to look at ticker when Bugpowder logs in
Bugpowder: Heh
Bugpowder: Not bad
Bugpowder: Time will tell though
Namworld: I'm the fucker who got the P230T bugpowder =/
Bugpowder: How many?
Namworld: 4000
mircea_popescu: 5k?
Bugpowder: 3k?
mircea_popescu: eh.
Bugpowder: Notice
Namworld: in between
Bugpowder: Noice
mircea_popescu: that may not actually come in the money.
Bugpowder: Yah I am locked and loaded
Namworld: maybe not.
Namworld: But I think the recent growth was too much too fast
mircea_popescu: Bugpowder which direction ? short btc ?
mircea_popescu: Namworld for sure.
Bugpowder: 10k puts
Namworld: As I said, I have a 16-18 USD/BTC valuation.
mircea_popescu: i think tho we will see 24-25 for the rest of the month.
Namworld: Possible.
BitHub: true, no 30?
Bugpowder: I have no idea
mircea_popescu: i doubt it.
Bugpowder: I just am swinging for the fences
BitHub: maybe a lil sniff of 30
mircea_popescu: the way i've seen this to work is when high volume breaks, the price gets set
mircea_popescu: and high volume just broke
BitHub: 25 would be nice for a while tho
mircea_popescu: yup
mircea_popescu: pretty perfect.
Bugpowder: There is a LOT of overhead pressure
Bugpowder: 25 for a while would be great for smoke
mircea_popescu: Bugpowder there was a lot of under pressure for a while.
Bugpowder: S.mpoe
kakobrekla: well that forum proves it
Bugpowder: Yeah and it it fcking annihilated while I had dinner
DeadWeasel: that overhead has released a bit too.
kakobrekla: whore are retarded in reality as well.
kakobrekla: whores*
mircea_popescu: kakobrekla lol
mircea_popescu: srsly, don't knock whores, some of my best friends were hos.
kakobrekla: well deze bitched be dumb.
BitHub: when you have all your funds tied up in bitcoin its days like this you wish your local vedor took bitcoin for a pack of smokes or something
kakobrekla: bitches
kakobrekla: meh cant type.
mircea_popescu: BitHub having all your funds tied in bitcoin is unsanitary.
Bugpowder: There is a good chance of another leg down.
mircea_popescu: kakobrekla tru dat.
mircea_popescu: Bugpowder also tru dat.
BitHub: well i mean not all my funds but all the fiat i put aside just for bitcoin
Bugpowder: Usually these moves are damped oscillations
Bugpowder: 23.5 looks like a settle
Bugpowder: But...
Namworld: Well if bugpowder thinks like me, I'm satisfied.
Bugpowder: Anything is possible, cause bitcoin.
Namworld: yeah
assbot: [MPEX] [S.DICE] 1530 @ 0.00609588 = 9.3267 BTC [+]
BitHub: i think i should try other stock exchanges and stuff
BitHub: having it all tied up into one site, real bad idea
BitHub: trying btcjam.com - i'll give you guys a review in a week. Let you know if its any good or a waste of time.
kakobrekla: hi, you must be new.
DeadWeasel: lol
mircea_popescu: lol totally.
swhitt: anyone have opinions on coinbr vs havelock?
mircea_popescu: BitHub look up the girl's suspected scam thread in btctalk
mircea_popescu: swhitt yes. jurov likes coinbr and topace isn't here.
swhitt: looking for a 2nd trading platform in addition to mpex
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006386 = 2.7594 BTC [-]
assbot: [MPEX] [S.MPOE] 12479 @ 0.0006384 = 7.9666 BTC [-]
swhitt: mircea_popescu: _they_ should eh?
mircea_popescu: i guess so hehe
Bugpowder: Btcjam? Lol
pigeons: you can buy everything on coinbr, only s.dice passthrough on havelock and 2 "mining bonds"
BitHub: ?
BitHub: its only 100btc
BitHub: i think i'll get most of it back
pigeons: s.dice on coinbr pays 100% - account management fee, on havelock it only pays 95%
Bugpowder: Coinbr is all you need if you have under 300btc
Bugpowder: Mpex is all u need if you have more
kakobrekla: there are many better places to put 100 btc
DeadWeasel: where?
BitHub: like?
DeadWeasel: a hookers twat?
swhitt: a cold wallet?
DeadWeasel: how many btc can I fit in there?
BitHub: well it is valentines day
BitHub: a cold wallet?
DeadWeasel: maybe if I used a thumbdrive, i could keep it in her ass.
swhitt: ∞ in a cold wallet
BitHub: but i want to make a lil btc off it
mircea_popescu: BitHub so buy mpoe bonds
Bowjob: lol someone wanted me to buy bitcoins for them I get 10% commision
mircea_popescu: at least if you lose your btc you know why.
swhitt: well, ∞ as ∞ -> 21,000,000
BitHub: i don't even know what mpoe bonds means
mircea_popescu: who was runningthe pt, Namworld ?
BitHub: i still got lots to learn before doing that
Bugpowder_: coinbr
mircea_popescu: DeadWeasel re thumbdrive : http://polimedia.us/dtng/c/src/136077828147.gif
Bugpowder_: no need to rush into things
Bugpowder_: learn about the market
Bugpowder_: there are always new opportunities arising
BitHub: i'm only about 6months into it
mircea_popescu: if he does things like dropping 100btc on btcjam he won't have much need to learn anything
BitHub: but learning heaps
DeadWeasel: those aren't thumbs
DeadWeasel: mircea_popescu: ^
mircea_popescu: DeadWeasel depends on your standards :D
mircea_popescu: they look like thumbs to me.
BitHub: luzl mircea i was joking about that, i just dropped 5btc to try it out
assbot: [MPEX] [S.MPOE] 3459 @ 0.0006384 = 2.2082 BTC [-]
assbot: [MPEX] [S.MPOE] 10741 @ 0.00063696 = 6.8416 BTC [-]
DeadWeasel: she sure seems to like it
mircea_popescu: DeadWeasel buttcoin!
mircea_popescu: BitHub that may work. keep us appraised.
Bowjob: is coin br a pass thru or is it a bot that directly trades at mpex?
DeadWeasel: mircea_popescu: my btcs would not be safe in there.
BitHub: will do :)
mircea_popescu: Bowjob it's a broker i thought ?
Bowjob: so i cant sell directly on mpex thru coin.br then
mircea_popescu: um
DeadWeasel: think we'll settle here? 24.5?
BitHub: is mpex doing the most volume right now?
mircea_popescu: DeadWeasel i was sayingso but these ppl disagreed with me
BitHub: for stocks
mircea_popescu: BitHub for everything by very far.
DeadWeasel: BitHub: MPEX is like the cartel.
BitHub: like a real drug cartel?
DeadWeasel: BitHub: they sell the drugs to smaller syndicates, who then open 'exchanges'
mircea_popescu: if frank sinatra were a website
mircea_popescu: he'd be frank mpexatra.
DeadWeasel: BitHub: which are poorly written and run websites they basically sell you what they bought from the 'Cartel'
BitHub: ahh ok
DeadWeasel: or so they would have us believe.
kakobrekla: ;;tslb
gribble: Time since last block: 5 minutes and 47 seconds
kakobrekla: hrm
DeadWeasel: it's all completely improvable and insane, but if you're not a total twat you can make a couple BTC.
DeadWeasel: which is fun, but effectively not worth your time if you have a real job.
Diablo-D3: wait
Diablo-D3: people who ARENT total twats?
Diablo-D3: where?
DeadWeasel: not in here.
DeadWeasel: i'm a twat.
DeadWeasel: your a twat.
DeadWeasel: everywhere a twat twat
DeadWeasel: *you're
DeadWeasel: see I just proved it
mircea_popescu: jurov's a twink
DeadWeasel: ;;slap deadweasel
Diablo-D3: *your
Diablo-D3: damnit
DeadWeasel: haha
DeadWeasel: twat
Bugpowder_: Let's settle at $20
Bugpowder_: seems reasonable
mircea_popescu: lol
mircea_popescu: ;;twat deadwat
gribble: Error: "twat" is not a valid command.
mircea_popescu: !twat gnat
DeadWeasel: !twat MPOE
mircea_popescu: nu-uh
DeadWeasel: come on rebound!
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 24.64900, Best ask: 24.72998, Bid-ask spread: 0.08098, Last trade: 24.64900, 24 hour volume: 126154.93631317, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.77711
BitHub: mpex doesn't seem very serious tho
BitHub: ?
mircea_popescu: lol it'd be so sad if it goes back to 30+
mircea_popescu: these guys with all the puts...
DeadWeasel: why, how many you dump?
BitHub: seems like they could close down and take your coins any day now
kakobrekla: mpex is a fucking joke!
mircea_popescu: BitHub are you being serious ?
DeadWeasel: BitHub: EVERYONE could
mircea_popescu: this is like trolling.
mircea_popescu: only better.
DeadWeasel: hold you BTCs in a cold wallet at home and don't look back.
DeadWeasel: just hold
kakobrekla: BitHub they dont even have CSS
BitHub: trolling? No i'm being serious its just the impression i'm getting from first reading it
mircea_popescu: !css kako
Bowjob: maybe they have a troll MPEX contest over at SA
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064666 = 2.7942 BTC [+]
pigeons: mpex is for gypsy puppets!
assbot: [MPEX] [S.MPOE] 10346 @ 0.00064701 = 6.694 BTC [+]
mircea_popescu: Bowjob totally.
DeadWeasel: Bowjob: that has to be it
pigeons: litecoin rulez
mircea_popescu: this is where i pimp my new tagline
DeadWeasel: pigeons: lol
mircea_popescu: pigeons is so fringe. he's always like, doing something nobody heard of
DeadWeasel: !twat alt coins
BitHub: lulz oh, this is your site mircea?
mircea_popescu: hence the MP.
kakobrekla: lulz
DeadWeasel: mircea_popescu: is a harsh mistress.
mircea_popescu: also mpoe-pr is my pr chick.
mircea_popescu: and this is my bitcoin.
BitHub: kako, i actually like the simplicity of the website, easy to understand
mircea_popescu: and roger ver is my son.
mircea_popescu: they call him bitcoin bejesus.
BitHub: i think it just gives off a first impression
BitHub: bad
Bugpowder_: reddit sentiment remains high
Bugpowder_: http://www.reddit.com/r/Bitcoin/comments/18haei/sell_sell_mayday_mayday/
BitHub: i think its more catered to insiders of the community, rather than the mainstream people
Bugpowder_: not sure if this is a counter indicator or not
DeadWeasel: 30day volume is nearly 2 million BTC
DeadWeasel: on gox
mircea_popescu: Bugpowder_ that should be a meme.
mircea_popescu: DeadWeasel ya was a heavy day today
BitHub: any discount on the 30btc fee for mpex mircea :P
DeadWeasel: 30K this morning, 140K tonight. crazy
Bugpowder_: yes
Bugpowder_: use my referral code
BitHub: oh?
mircea_popescu: BitHub if you use someone's fingerprint you each get 5 btc
Bugpowder_: 1578A821
mircea_popescu: its in the faq
BitHub: neat
mircea_popescu: he needs the whole keyid tho
mircea_popescu: not just the tail
Bugpowder_: AA14 8EAF 40BE 9C02 F091 F382 F157 3A6B 1578 A821
Bugpowder_: SAVE 5BTC
kakobrekla: thats too much.
BitHub: so use that whole thing?
kakobrekla: neither of those is key id
Bugpowder_: I dunno
Bugpowder_: fuck
kakobrekla: ;;getrating bugpowder
gribble: WARNING: Currently not authenticated. User Bugpowder, rated since Tue Sep 11 08:01:46 2012. Cumulative rating 7, from 5 total ratings. Received ratings: 5 positive, 0 negative. Sent ratings: 3 positive, 0 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=Bugpowder
BitHub: does mpex have a failsafe proof backup plan if a GLBSE happens?
Bugpowder_: 1573a6b1578a821
kakobrekla: http://bitcoin-otc.com/viewgpg.php?nick=Bugpowder
Bugpowder_: use that one
kakobrekla: F15
kakobrekla: that is what you need
mircea_popescu: Bugpowder_ he's trolling you.
kakobrekla: Bugpowder_^^
mircea_popescu: AA148EAF40BE9C02F091F382F1573A6B1578A821 is teh right thing
BitHub: ahh okey, thanks
kakobrekla: afaik F1573A6B1578A821 is the right thing
kakobrekla: faq says key id
Bugpowder_: F1573A6B1578A821
BitHub: i'll go with mircea
Bugpowder_: its tru
mircea_popescu: the longer the better.
Bugpowder_: can we get a ROTA ruling
kakobrekla: you are all fucked
Bugpowder_: ??
mircea_popescu: anyway, re failsafe : see the faq!
mircea_popescu: there's a dump and all sorts of discussions
BitHub: ahh check
BitHub: will do
mircea_popescu: rota rules you must all buy me a shrubbery.
DeadWeasel: BitHub: just remember to breathe.
BitHub: i only half know what i'm doing
BitHub: but you gotta burn some btc to learn
mircea_popescu: so relax, take it easy
Bugpowder_: BitHub put all your money in S.MPOE
mircea_popescu: what's the hurry.
Diablo-D3: bithub, put all your money in dmc 2.0
Bugpowder_: put all your money in ART
DeadWeasel: or real estate.
kakobrekla: put all your money in pirate.
mircea_popescu: da fuck is art ?
DeadWeasel: that has art on it.
BitHub: i just want to start earning 1btc a day
BitHub: as quickly as possible
BitHub: off divs or whatever
DeadWeasel: sell your ass
DeadWeasel: or that
Bugpowder_: BitHub divs are not where its at
Bugpowder_: capital appreciation outweighs it
mircea_popescu: he has a point.
Bugpowder_: So much capital flow into MPEX must go somewhere
BitHub: have no idea what that means
Bugpowder_: stock price rises have crushed the dividends
BitHub: oh
mircea_popescu: actually i don't even have that much capital
Bugpowder_: Like S.DICE has paid out around what, .01?
mircea_popescu: there's totally 5-6 mn still waiting for a home out there
Bugpowder_: err
Bugpowder_: .001
BitHub: i think a year from now i'll be doing alot better
Bugpowder_: but price has risen .0035
kakobrekla: !ticker m s.dice
BitHub: just need to get that first n00b year out of the way
mircea_popescu: sounds about right
assbot: [MPEX:S.DICE] 1D: 0.00598092 / 0.00617859 / 0.00625 (29517 shares, 182.37 BTC), 7D: 0.004321 / 0.00619263 / 0.0064 (1926831 shares, 11,932.15 BTC), 30D: 0.00085848 / 0.0056144 / 0.0075 (8131062 shares, 45,651.11 BTC)
Bugpowder_: good, keep that positive attitude and you'll go far son.
BitHub: :)
mircea_popescu: you know what i just realised ?
BitHub: you're right mircea no rush
mircea_popescu: there's actually perversely more room for stock appreciation than for dividends
mircea_popescu: because the listed busiensses are MUCH better at their business than avg btc person at allocating capital
Bugpowder_: As risk perception of bitcoin goes down, stock price should approach a point where dividends are paying 5% of price a year
BitHub: so buying and selling shares is much better than just waiting on divs?
Bugpowder_: buying mostly
Bugpowder_: but divs are nice too
BitHub: every share i have pays a div, which is nice, long term play
Bugpowder_: S.MPOE is like the daytrading stock
mircea_popescu: ;;calc 20*12*20 / 10000
gribble: 0.48
Bugpowder_: bots are on it all the time
mircea_popescu: so that'd be a half bitcoin s.dice
Bugpowder_: S.DICE is the heavy divvy stock
Bugpowder_: but I have concerns about their revenue staying up
BitHub: yeah me too
mircea_popescu: mo money mo problems
BitHub: i think it might be the myspace of the bitcoin world
Bugpowder_: until I see more money flowing into the big betting accounts
Bugpowder_: S.BBET has potential, but got bought really high in the IPO
BitHub: might be a passing fad? sdice
Bugpowder_: so shares are very expensive relative to current div
Bugpowder_: but most growth potential there
BitHub: i purchased alot of s.bbet on ipo
BitHub: long term play as well
Bugpowder_: Oh?
Bugpowder_: so you are not a n00b
BitHub: kind of
mircea_popescu: well, bitbet made ~1400 worth of bets in jan. there's already like 1300+ and it's half february
mircea_popescu: or not even
mircea_popescu: and the div was calculated on ~400 btc that closed in january.
Bugpowder_: so dividend payout is...
mircea_popescu: prolly gonna increase
BitHub: i love divs hehe
Bugpowder_: Then you have the futures
Bugpowder_: but nobody will buy them
Bugpowder_: for some reason
BitHub: i don't understand those enough
Bugpowder_: despite the very resonable sale price on the current MAR futures
Bugpowder_: and the options
Bugpowder_: are where the real money is made
Bugpowder_: and lost
mircea_popescu: ya options can well wipe you, esp short
BitHub: do you think bbet would exchange some shares with me for some domains?
Bugpowder_: o fuk
Bugpowder_: 2200 bid at 24.5
kakobrekla: so much for cheap weekend coins
Bugpowder_: heh
Bugpowder_: we will see
Bugpowder_: I'm not giving up yet
kakobrekla: i have more euros comming in dunno it just doesnt stop
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.20100, Best ask: 25.25167, Bid-ask spread: 0.05067, Last trade: 25.43850, 24 hour volume: 125018.23437143, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.77011
mircea_popescu: rollercoaster of fun.
mircea_popescu: BitHub you mean, they give shares for your domains ?
DeadWeasel: unlikely
Bugpowder_: fuuuuuk
Bugpowder_: dis
Bugpowder_: I should have checked the reddit sentiment index
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.21105, Best ask: 25.29999, Bid-ask spread: 0.08894, Last trade: 25.21103, 24 hour volume: 125052.58662713, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.77029
mircea_popescu: lol
mircea_popescu: Bugpowder_ what do you have now, calls ? puts ?
kakobrekla: this is milk.
Bugpowder_: lots of puts
mircea_popescu: o.
Bugpowder_: no volume on this move
mircea_popescu: that may not be the best thing.
Bugpowder_: meh
Bugpowder_: we will see
Bugpowder_: Show me a 5k volume candleon the 15m and I'll believe it
DeadWeasel: fawk
DeadWeasel: but it looks less bad now
Bugpowder_: very very hard to time that shit
DeadWeasel: I got most at 14-16
DeadWeasel: shoulda waited for todays dump though, but bugpowder is right
DeadWeasel: ain't no way to know
DeadWeasel: so I Hooooooooolllldd
mircea_popescu: ya, nobody;'s timing this crap.
DeadWeasel: i love the speculation thread on bitcointalk
mircea_popescu: i mean even if you do it,
mircea_popescu: you prolly got lucky.
DeadWeasel: i geta kick out of it
Bugpowder_: I think we are gonna drop from here
DeadWeasel: if you constantly watch the different charts, it's possible, but i work and eat and poop.
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.21206, Best ask: 25.30000, Bid-ask spread: 0.08794, Last trade: 25.30000, 24 hour volume: 125063.37060347, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.77082
mircea_popescu: hey vwap actually moving up
Bugpowder_: picking out apartments in santa monica
assbot: [MPEX] [S.MPOE] 19317 @ 0.00063722 = 12.3092 BTC [-]
assbot: [MPEX] [S.MPOE] 2033 @ 0.00063722 = 1.2955 BTC [-]
assbot: [MPEX] [S.MPOE] 1665 @ 0.00064701 = 1.0773 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064784 = 2.7993 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064784 = 2.7993 BTC [+]
assbot: [MPEX] [S.MPOE] 1810 @ 0.00064785 = 1.1726 BTC [+]
assbot: [MPEX] [S.MPOE] 3754 @ 0.00063696 = 2.3911 BTC [-]
assbot: [MPEX] [S.MPOE] 2096 @ 0.0006368 = 1.3347 BTC [-]
assbot: [MPEX] [S.MPOE] 2225 @ 0.0006368 = 1.4169 BTC [-]
assbot: [MPEX] [S.MPOE] 4615 @ 0.00063679 = 2.9388 BTC [-]
assbot: [MPEX] [S.MPOE] 5191 @ 0.00064785 = 3.363 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006518 = 2.8164 BTC [+]
assbot: [MPEX] [S.MPOE] 6500 @ 0.00065181 = 4.2368 BTC [+]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.00929, Best ask: 25.19900, Bid-ask spread: 0.18971, Last trade: 25.19900, 24 hour volume: 126127.08330674, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.77347
assbot: [BTCTC] [S.DICE-PT] 100 @ 0.0063 = 0.63 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 1 @ 0.00067 BTC [-]
assbot: [BTCTC] [S.MPOE-PT] 500 @ 0.00067 = 0.335 BTC [-]
assbot: [MPEX] [S.MPOE] 692 @ 0.00065181 = 0.4511 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065205 = 2.8175 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00065222 = 0.6522 BTC [+]
assbot: [MPEX] [S.MPOE] 4781 @ 0.00065223 = 3.1183 BTC [+]
Bugpowder: ha, the new header borked my spreadsheet
Bugpowder: fixed now
swhitt: is there a way to subscribe to the trades feed without polling the rss feed?
swhitt: and how often is considered kosher (on MPEx)
assbot: [BTCTC] [B.YABMC] 1 @ 0.0157 BTC [-]
assbot: [BTCTC] [B.YABMC] 8 @ 0.0156 = 0.1248 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.0154 BTC [-]
assbot: [MPEX] [S.MPOE] 13250 @ 0.00065223 = 8.642 BTC [+]
assbot: [BTCTC] [GSDPT] 10 @ 0.00595 = 0.0595 BTC [-]
assbot: [BTCTC] [GSDPT] 10 @ 0.0061 = 0.061 BTC [+]
assbot: [BTCTC] [GSDPT] 20 @ 0.0061 = 0.122 BTC [+]
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.56458, Best ask: 25.57789, Bid-ask spread: 0.01331, Last trade: 25.42042, 24 hour volume: 131695.93004727, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.80064
kakobrekla: lolz
assbot: [BTCTC] [S.BBET-PT] 10 @ 0.00195 = 0.0195 BTC [-]
kakobrekla: 25.9
kakobrekla: haha
kakobrekla: unserious.
Namworld: wow, did it bounce back to 26?
Namworld: Look at the depth charts tho
Namworld: http://www.bitcoincharts.com/markets/mtgoxUSD.html
kakobrekla: 5k buy 5 min ago
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00981 BTC [-]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00981 BTC [-]
kakobrekla: i am aware of depth, lookin at same thing since 2011 or what was it
kakobrekla: http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
assbot: [BTCTC] [S.MPOE-PT] 100 @ 0.00067 = 0.067 BTC [-]
Bugpowder: fuk
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.0063 BTC [+]
kakobrekla: preety insane eh
Bugpowder: deez nuts
kakobrekla: there we go, bids rising
Bugpowder: I wish I had enough coins to destroy this rally
assbot: [BTCTC] [MININGCO.ETF] 3 @ 0.59 = 1.77 BTC [+]
Namworld: One of the larger player off to sell off a good chunk soon before it's too late.
Bugpowder: stay strong NAMWORLD
Namworld: What for?
Namworld: I'm certain it will go back down hard soon.
Namworld: But I'm not 100% sure that soon will be before the 22th
Namworld: Either way, I put 280 BTC down on my puts
Bugpowder: sheeeit
Bugpowder: there was a 5k green candle on the bounce now
Namworld: Old news
Bugpowder: make the dings stopppp
Bugpowder: I dunnot though
Bugpowder: that was a HEAVY move down
Bugpowder: not convinced the drop is done
Bugpowder: christ on a stick
assbot: [MPEX] [S.MPOE] 1130 @ 0.00065223 = 0.737 BTC [+]
assbot: [MPEX] [S.MPOE] 9970 @ 0.00065228 = 6.5032 BTC [+]
Namworld: I am not either...
Namworld: Dropped a lot, then it started going back up fast
Bugpowder: it was a slow fall
Namworld: people bought... but that was because there's no market depth.
Bugpowder: fo a while
Namworld: I look at the depth charts
Bugpowder: Well... Cant exite
Bugpowder: without assrapage
Bugpowder: I'll sleep on it
Bugpowder: That dude that covered his put short
Bugpowder: raped again
Bugpowder: he is MPOEs best freind
assbot: [MPEX] [S.MPOE] 5796 @ 0.00065169 = 3.7772 BTC [-]
Namworld: When it's either lose 90% on exiting or stay on your decision...
Bugpowder: funds half the bond
Namworld: Better stick to your decision. That 10% will be no consolation.
Bugpowder: this still comforts me
Bugpowder: http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
Namworld: Well yeah, at least rally looks killed.
Bugpowder: i dunno
Bugpowder: I just dont know
Bugpowder: I don't think it was a bad call though
Bugpowder: like
Bugpowder: I bought the puts at 25.00
Bugpowder: and it went to 21.72
Bugpowder: that is not a bad call
Namworld: I think the odds of the rally going down before the 22th are good. That first drop and more bearish ask is good enough to me.
Namworld: I've been waiting on it for weeks.
Bugpowder: going to bed
Bugpowder: good luck
Namworld: To you too.
assbot: [BTCTC] [BTC-GOLD] 10 @ 0.0299 = 0.299 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.7499998 BTC [+]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.78395, Best ask: 26.00000, Bid-ask spread: 0.21605, Last trade: 26.25000, 24 hour volume: 137291.37159601, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.87115
mircea_popescu: sooo.. back up ?
kakobrekla: im suprised
Namworld: Some bought back a few thousands...
Namworld: But now the bids depths are very short
Namworld: http://www.bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
mircea_popescu: methinks the mtgox book may be as meaningless as the mpex book.
Namworld: Maybe
mircea_popescu: swhitt i guess you could use feedburner or such ?
swhitt: mircea_popescu: hi
mircea_popescu: <Bugpowder> I wish I had enough coins to destroy this rally <<< one doesn't simply destroy this rally.
swhitt: I was just wondering how often would be considered 'impolite' by yourself
swhitt: if I were to be polling for changes
mircea_popescu: the rss ? anything over 10 times a minute i guess
assbot: [MPEX] [S.MPOE] 7125 @ 0.00065228 = 4.6475 BTC [+]
mircea_popescu: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.00063679 / 0.00064992 / 0.00066142 (1336281 shares, 868.48 BTC), 7D: 0.0006153 / 0.00065743 / 0.0007 (18930104 shares, 12,445.28 BTC), 30D: 0.00059445 / 0.00066264 / 0.0007 (72883171 shares, 48,295.65 BTC)
swhitt: mircea_popescu: oh, ok. I won't be anything near that. I'd let you know before I did anything close to that. How often does assbot poll?
mircea_popescu: assbot gets a push
swhitt: ah
mircea_popescu: you can also get the twitter feed, if you have a twitter api key
mircea_popescu: (twitter also gets a push)
swhitt: no way to subscribe to a push at this time?
mircea_popescu: nah, not currently.
swhitt: that might be easier to ensure that everything is up to date.
swhitt: kk
swhitt: thanks for the info
mircea_popescu: ya but you'd have to be strategically important. in general what im thinking is push to some high uptime strong distribution networks and everyone can poll those
mircea_popescu: seems the most stable/efficient solution
mircea_popescu: you can probably configure a listener bot in this chan and it can push to you wherever tho
swhitt: yeah, I completely understand. That makes sense.
kakobrekla: if you give me an intiative, i can repush.
swhitt: well, I'd want redundancy if it wasn't the "official" feed
swhitt: so I might do a combination of twitter+irc
swhitt: let me see.
Namworld: http://www.bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=1&s=2008-11-01&e=2013-02-14&Prev=&Next=&t=S&b=&a1=SMA&m1=365&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.93500, Best ask: 26.00000, Bid-ask spread: 0.06500, Last trade: 26.00000, 24 hour volume: 141166.77007292, 24 hour low: 21.72100, 24 hour high: 26.30000, 24 hour vwap: 24.90903
Namworld: That brown line is average growth on 365 days
mircea_popescu: that shows uptrend neh ?
assbot: [MPEX] [S.MPOE] 3455 @ 0.00065228 = 2.2536 BTC [+]
Namworld: yeah, uptrend. But the current price? Might be a bubble.
assbot: [MPEX] [S.MPOE] 12295 @ 0.00065327 = 8.032 BTC [+]
swhitt: is there any way to see 2nd derivative of that trendline?
Namworld: I don't know
Namworld: The price raising fast over the yearly trend seems to be near pirate end, when lots of people got burned. Dropped a bit afterward. Then everyone started to load up for some reason.
Namworld: Now in the last days, no asks almost. Price skyrocketed, no one was selling.
Namworld: It just seems like that price is not sustainable to me. Although I think Bitcoins are worth more than last year and will continue trending upward.
Namworld: It's just that now, we're way too high.
mircea_popescu: well not really.
mircea_popescu: the thing with bitcoin is, the larger the total value the more appealing they are to people.
mircea_popescu: so i think one of the reasons price is going up is to give space for various interests.
assbot: [HAVELOCK] [SDICE] 3 @ 0.748 = 2.244 BTC [-]
ThickAsThieves: finally caught up on the chat log, mp, that stripper thread is great
Namworld: Maybe... I don't see the appeal in higher prices tho
assbot: [MPEX] [S.MPOE] 4305 @ 0.00065327 = 2.8123 BTC [+]
assbot: [MPEX] [S.MPOE] 7645 @ 0.00065379 = 4.9982 BTC [+]
mircea_popescu: ThickAsThieves totally. she owns them like....
mircea_popescu: Namworld well the appeal is this : if you go to iran and say hey, don't be stupid moving your dough on aplane, move it in bitcoin
mircea_popescu: they go "does bitcoin have enough mkt cap to cover 200mn ?!"
mircea_popescu: you better be able to say yes.
assbot: [HAVELOCK] [KCIM] 2 @ 0.99 = 1.98 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.748 BTC [-]
ThickAsThieves: Do BitBets resolve before their closing date if satisfied? http://bitbet.us/bet/221/btc-usd-at-mtgox-will-stay-above-20-24-and/
ThickAsThieves: or do they stick to the schedule regardless
ThickAsThieves: (high was 26.60)
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.20004, Best ask: 26.25000, Bid-ask spread: 0.04996, Last trade: 26.25000, 24 hour volume: 146215.43264948, 24 hour low: 21.72100, 24 hour high: 26.60000, 24 hour vwap: 24.95764
mircea_popescu: <ThickAsThieves> ya that'll prolly resolve soon
Namworld: it doesn't... if anyone would buy for that much, would skyrocket the price. But then if he wants to sell?
ThickAsThieves: he doesnt sell, he keeps transacting in BTC
ThickAsThieves: or sells slowly
ThickAsThieves: or both more likely
kakobrekla: interesting moody shows 26.3 high?
ThickAsThieves: btccharts is where i got mine
kakobrekla: the thing is
ThickAsThieves: mtgox.com shows it too
kakobrekla: some prices are converted
kakobrekla: mtgox usd never reached that high
kakobrekla: mtgox xxx did
kakobrekla: converted to usd ... goes over it
jcpham: Up huh?
maximian: 26.65… this rally is mad
ThickAsThieves: hehe
jcpham: I am without computer
ThickAsThieves: that good kako? :)
ThickAsThieves: https://mtgox.com/index.html?Currency=USD
jcpham: So afk it hurtz
mircea_popescu: ;;later tell bugpowder hey man! new top. 26.6!
gribble: The operation succeeded.
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.19070, Best ask: 26.34181, Bid-ask spread: 0.15111, Last trade: 26.64000, 24 hour volume: 147736.52475072, 24 hour low: 21.72100, 24 hour high: 26.65000, 24 hour vwap: 24.97344
kakobrekla: yes it just passed 26.6 in gox usd
mircea_popescu: yuppers
mircea_popescu: crzy
kakobrekla: fucked
ThickAsThieves: i bet about 3btc on monday morning :)
ThickAsThieves: i think it was monday... no matter
Namworld: It's a bulltrap... don't listen to mircea... there's some dude who bought tons of calls. He wants price to go down. He just wants more people to buy calls prior to that =P
ThickAsThieves: after our conversation about BitBet ive been hanging there more
Namworld: That bitcoins are sustainably worth that much... it's a possibility but I'm betting against it.
mircea_popescu: lol wut
mircea_popescu: anyway, im off to bed. take care all!
ThickAsThieves: man, people are panic buying and will for a while
ThickAsThieves: adios
Namworld: Bye
Namworld: Maybe I'm just a fool... put the average bitcoiner and newbies seem incredibly bearish... that gotta blow up at some point.
ThickAsThieves: nah, bears are just loud
broomkorn: ROAR
Namworld: eh
Namworld: I meant bullish >.>
ThickAsThieves: i'm not saying *something* cant stop the rally
ThickAsThieves: but the natural course is up
ThickAsThieves: people are investing every day in BTC
pigeons: how long have you been here ThickAsThieves?
Namworld: That's the kind of thoughts that creates bubbles... natural course is up... everyone is investing in it... we'll always have someone else to sell to
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.96624, Best ask: 26.01999, Bid-ask spread: 0.05375, Last trade: 25.96624, 24 hour volume: 158444.85494761, 24 hour low: 21.72100, 24 hour high: 26.65000, 24 hour vwap: 25.05489
mircea_popescu: heh. wild times
assbot: [BTCTC] [S.MPOE-PT] 1 @ 0.00067 BTC [-]
mircea_popescu: Anonymous
mircea_popescu: fuck you bitcoin i lost.
mircea_popescu: lol sweet tears
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006428 = 2.7775 BTC [+]
assbot: [MPEX] [S.MPOE] 4629 @ 0.00064308 = 2.9768 BTC [+]
assbot: [MPEX] [S.MPOE] 4788 @ 0.00063992 = 3.0639 BTC [-]
assbot: [MPEX] [S.MPOE] 1762 @ 0.00063917 = 1.1262 BTC [-]
assbot: [MPEX] [S.MPOE] 2559 @ 0.00063917 = 1.6356 BTC [-]
assbot: [MPEX] [S.MPOE] 5841 @ 0.00063916 = 3.7333 BTC [-]
Namworld: mircea: ?
Namworld: Did the guy with calls cash out already?
mircea_popescu: http://bitbet.us/bet/221/btc-usd-at-mtgox-will-stay-above-20-24-and/
mircea_popescu: that.
Namworld: oh. Lol
mjr__: what is the vwap at now?
assbot: [MPEX] [S.MPOE] 6009 @ 0.00063916 = 3.8407 BTC [-]
assbot: [MPEX] [S.MPOE] 12891 @ 0.000638 = 8.2245 BTC [-]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.07000, Best ask: 26.07001, Bid-ask spread: 0.00001, Last trade: 26.07001, 24 hour volume: 158889.21035303, 24 hour low: 21.72100, 24 hour high: 26.65000, 24 hour vwap: 25.05851
mjr__: ;;bc,24hprc
mircea_popescu: 25.05
gribble: 25.01
mircea_popescu: somewhere there.
mjr__: ok cool
mjr__: options can be complicated enough without worrying about fx risk on top lol
mircea_popescu: "Yeah, yeah, I can tell you do not have a very highly developed capacity for abstract thinking -- developers do not necessarily care much about the design of things but often prioritize functionality, i. e. you are not my target market so go and play with some lego blocks, I am sure you will find them colorful and appealing."
mircea_popescu: dude totally.
mircea_popescu: i dunno why people keep ragging on mpoe-pr, she never says shit like that.
mircea_popescu: http://www.btcguild.com/halloffame.php
mircea_popescu: o hey that guy is going well.
mjr__: mircea, do you think that coinbase could be a large part of this rally?
mjr__: they are pretty new and supposedly doing a ton of volume
mjr__: expanding the user base
mircea_popescu: possibru
mjr__: has to have some impact, i think it's a combination of them and the ton of news coming out about bitcoins
mjr__: i even think that it is possible that if they have halted sales due to demand, that they caused the dip
mjr__: but purely speculative
mircea_popescu: maybe it's driven by people trying to get on mpex.
mjr__: i mean a million dollars a month is not crazy, but i think it would move the market
mjr__: lol, s.dice is doing well for me right now
mjr__: but mpoe is undervalued i think
mjr__: i hold both
mjr__: but i look forward to the end of the month report
mircea_popescu: won't be long now
mjr__: yeah, can you believe that someone said to me on reddit (of course you can) that exchange rate has nothing to do with returns
mjr__: ie. you either hold S.DICE or you hold Bitcoins
mjr__: i'm like, you sell and buy S.DICE or S.MPOE using bitcoins, it's a way to grow your bitcoins, and the value of those bitcoins changes, so your total return when measured in dollars is a function of both effects
mircea_popescu: well, people think that s.dice betting volumes are somehow related to bitcoin price
mircea_popescu: this may or may not be true. if you look at the graphs there's no relation so far.
mircea_popescu: but maybe because other factors drowned it out and will be more apparent in the future.
mjr__: true
mjr__: but that does not change the fact that when measured in USD, your total return is still a function of price of bitcoins and price of shares + dividends
mjr__: same on any stock exchange when you are in a different country
mjr__: if i buy japanese stocks on nikei, i have to also account for yen/usd exchange
mjr__: anyway, if i am expecting financial savvy on reddit, i should get my head checked
mircea_popescu: this is true.
mircea_popescu: on all counts lol
assbot: [BTCTC] [B.YABMC] 1 @ 0.0242 BTC [+]
mjr__: http://www.universa.net/ check out this site, the first message is amazingly true
assbot: [MPEX] [S.MPOE] 1750 @ 0.00064308 = 1.1254 BTC [+]
mircea_popescu: i get http://www.adobe.com/images/shared/download_buttons/get_flash_player.gif
mjr__: lol, yeah, it is a flash heavy site
mjr__: but the first quote is...
assbot: [MPEX] [S.MPOE] 1962 @ 0.00064308 = 1.2617 BTC [+]
assbot: [MPEX] [S.MPOE] 3238 @ 0.00064399 = 2.0852 BTC [+]
mjr__: There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
mjr__: it's the hedge fund that nassim taleb works at
mjr__: i just finished antifragile, and i think it is a great book, i just wonder if he is aware of bitcoins
mircea_popescu: he's prolly right.
mjr__: that was a quote from ludwig von mises
mircea_popescu: i think the bitcoin gambit currently is to try and persuade some hedge fund people.
mjr__: that is what i am working on
mjr__: because that will change everything
mjr__: if you can bridge wall st and bitcoins
mjr__: you can first of all get a rally up to $100 if capital starts pouring in
mjr__: and second of all gain legitimacy as they are behind it
wao: http://bitbet.us/bet/153/s-mpoe-will-rise-this-spring/
mjr__: since they have washington in their pocket
mjr__: my original plan was to get a public company with bitcoins as assets
mjr__: but i would have to do a reverse merger for that and buy a public company
mjr__: so might be too hard
mjr__: so now i am looking at a slower approach to start a hedge fund type deal
mjr__: i already convinced the CEO of my company and he is meeting with some Forex guys and is going to see if they could offer a product using bitcoins
mjr__: at some point, people on wall st will realize that instead of gold, bitcoins are a much better opportunity against the dollar
mircea_popescu: they're realising.
mjr__: at that point, there will be an influx of capital that has never been seen in bitcoin
mjr__: they are
mircea_popescu: a bunch of mpex traders are actually traders.
mjr__: i agree
mjr__: i know
mircea_popescu: this has been going on for a while by now.
mjr__: i know that a lot of people in this field are in finance
mjr__: but they do this on their own
mjr__: soon, it will be financial companies
mjr__: and at that point, we will see a ton of demand all at once
mjr__: in my opinion
mjr__: egypt, argentina, venezuela etc.
mjr__: fiat currencies are failing hard
mjr__: and today i realized that our system is not tried and proven, it is very very new, we only adopted this in the US in 1971
mjr__: so it is still an experiment, having money not backed by any asset
mjr__: if someone could start an ETF that tracks bitcoins, that would change everything, that is what i was trying to do, but it is hard
mjr__: getting it publicly available would cost like 50k, and that is just basically a setup fee
mircea_popescu: so why's that hard ?
mjr__: well...you get no return on that 50k
mircea_popescu: all you need is someone start a general partnership with a few tens of mils from a dozen friends
mircea_popescu: and it's done
mjr__: well yeah
mircea_popescu: prolly happen this year, too.
mjr__: if i had a few tens of mills it would be done already
mjr__: its easy, you let people buy a bitcoin backed ETF with their etrade accounts
mjr__: they have a hedge against the dollar
mjr__: inflation proof
mjr__: and currently yielding great returns
mjr__: just a tiny fraction of the money on wall street could quadruple the "market cap" of bitcoin
mircea_popescu: o no
mircea_popescu: this would not be open to the masses for a decade at least.
mircea_popescu: you have to understand the "for people" attitude internet dweebs immediately paint over bitcoin is nothing of any consequence
mircea_popescu: they do it because that's all their experience allows.
mircea_popescu: otherwise, bitcoin is strictly for the elite.
assbot: [MPEX] [S.MPOE] 1083 @ 0.00064399 = 0.6974 BTC [+]
mjr__: well yeah
assbot: [MPEX] [S.MPOE] 15102 @ 0.000644 = 9.7257 BTC [+]
mjr__: but if you have a publicly traded stock
mjr__: anyone can buy it
mircea_popescu: but you don't.
mjr__: yeah :( not yet
mircea_popescu: you get a closed partnership with a billion under management
mjr__: that is a nice way to do it too
mircea_popescu: why bother offer it to the public ? the incentives just aren't there
mjr__: but i really want to offer it to the public
mircea_popescu: i guess you do, but that's neither here nor there.
mjr__: so that everyone, even old people who don't understand, can get exposure
mircea_popescu: old people that don't understand shouldn't get exposure.
mircea_popescu: actually : they should *not* get exposure.
mjr__: well
mjr__: i don't want to see us recreate the current system
mjr__: but just put ourselves in positions of power
mjr__: i want to see everyone enjoy this new change
mjr__: or at least have the option to
mircea_popescu: dude. somebody who doesn't understand does not and can not have a position of power.
mircea_popescu: they'll just hurt themselves.
assbot: [MPEX] [S.DICE] 900 @ 0.00616999 = 5.553 BTC [+]
mjr__: well not power
mjr__: but i want to make it easier for them to get exposure to the bitcoin economy
mjr__: without having to actually get involved
mjr__: similar to gold ETF
mircea_popescu: why ?
mircea_popescu: this is a bad idea.
mircea_popescu: getting involved is a guarantee they put the effort into understanding.
mjr__: well, not if they just buy shares using investment account
mircea_popescu: if they can't be bothered to do that, there's no reason to suspect they won't hurt themselves.
mjr__: true
mjr__: but i think the option should be there
mjr__: so that anyone can actually have a portfolio with publicly traded shares
mjr__: that touches the world of bitcoins
mjr__: so, whether it is a hedge fund or a public company or an etf
mircea_popescu: anyone currently can
mircea_popescu: for 30 btc and a little gpg knowledge.
mjr__: i think something along those lines is coming
mjr__: :)
assbot: [MPEX] [S.MPOE] 1115 @ 0.00064459 = 0.7187 BTC [+]
assbot: [MPEX] [S.MPOE] 2385 @ 0.000638 = 1.5216 BTC [-]
mjr__: gpg is also going to be huge
mircea_popescu: it literally takes the average knowledgeable person 1 hour to go from holding some fiat to holding some btc stocks.
mircea_popescu: now, that they'e not knowledgeable is ok, but should be fixed there,
mircea_popescu: not at thios other end
mjr__: but also, i think it is so funny that someone tried to do the idea in reverse
mircea_popescu: what do you mean ?
mjr__: a hedge fund wanted to raise btc so they could convert it out of btc and put it into the stock market
mjr__: they were on twitter called btchedgefund or something
mjr__: https://twitter.com/BTCHedgeFund
mjr__: so backwards
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064498 = 2.787 BTC [+]
mjr__: let me take your btc and put it into dollars
assbot: [MPEX] [S.MPOE] 1179 @ 0.000645 = 0.7605 BTC [+]
mjr__: going to grab a smoke brb
mjr__: it's funny though, my friend who i work with is so impressed with nomura because they use pgp
assbot: [MPEX] [S.MPOE] 534 @ 0.000638 = 0.3407 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063796 = 2.7566 BTC [-]
assbot: [MPEX] [S.MPOE] 6773 @ 0.00063795 = 4.3208 BTC [-]
mjr__: he was like that is the future, they really have their shit together
mircea_popescu: mjr__ ya that's nonsense
mjr__: what is?
mircea_popescu: also often these are simply scams.
mircea_popescu: the backwards
mjr__: yeah for sure
mjr__: one of the things that i take away from all that i've experienced in bitcoins is that if you expect scams, you are safer than getting blindsided by "mortgage-back securities" or credit default swaps
mjr__: the key is to know the risk and the downside
mircea_popescu: hopefully at least.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063805 = 2.757 BTC [+]
assbot: [MPEX] [S.MPOE] 1179 @ 0.00063795 = 0.7521 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064481 = 2.7862 BTC [+]
assbot: [MPEX] [S.MPOE] 5157 @ 0.000645 = 3.3263 BTC [+]
assbot: [MPEX] [S.MPOE] 64 @ 0.00063797 = 0.0408 BTC [-]
assbot: [MPEX] [S.MPOE] 1600 @ 0.00063796 = 1.0207 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063796 = 2.7566 BTC [-]
assbot: [MPEX] [S.MPOE] 9932 @ 0.00063795 = 6.3361 BTC [-]
assbot: [MPEX] [S.MPOE] 1833 @ 0.00063754 = 1.1686 BTC [-]
assbot: [MPEX] [S.MPOE] 3564 @ 0.000645 = 2.2988 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064598 = 2.7913 BTC [+]
assbot: [MPEX] [S.MPOE] 7783 @ 0.00064599 = 5.0277 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 100 @ 0.00067 = 0.067 BTC [-]
assbot: [BTCTC] [RSM] 232 @ 0.0095 = 2.204 BTC [-]
assbot: [MPEX] [S.MPOE] 3817 @ 0.00064599 = 2.4657 BTC [+]
assbot: [MPEX] [S.MPOE] 1650 @ 0.00064785 = 1.069 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065143 = 2.8148 BTC [+]
assbot: [MPEX] [S.MPOE] 3212 @ 0.00065143 = 2.0924 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064094 = 2.7695 BTC [-]
assbot: [MPEX] [S.MPOE] 479 @ 0.00064072 = 0.3069 BTC [-]
pigeons: https://bitcointalk.org/index.php?topic=143972.msg1526968#msg1526968
ThickAsThieves: heh I almost linked that
ThickAsThieves: i dont remember seeing this before: http://www.gambling911.com/businessfinancial/major-us-facing-online-gambling-site-confirms-bitcoin-implemenation-012813.html
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064609 = 2.7918 BTC [+]
assbot: [MPEX] [S.MPOE] 20829 @ 0.0006459 = 13.4535 BTC [-]
assbot: [MPEX] [S.MPOE] 1109 @ 0.00064668 = 0.7172 BTC [+]
assbot: [MPEX] [S.MPOE] 8320 @ 0.00064699 = 5.383 BTC [+]
assbot: [BTCTC] [GSDPT] 2900 @ 0.006 = 17.4 BTC [-]
mircea_popescu: http://www.youtube.com/watch?v=V92OBNsQgxU
assbot: [MPEX] [S.DICE] 300 @ 0.0062799 = 1.884 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.000646 = 2.7914 BTC [-]
assbot: [MPEX] [S.MPOE] 6479 @ 0.0006459 = 4.1848 BTC [-]
assbot: [MPEX] [S.MPOE] 17100 @ 0.0006459 = 11.0449 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064664 = 2.7941 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064669 = 2.7943 BTC [+]
assbot: [MPEX] [S.MPOE] 8230 @ 0.00064699 = 5.3247 BTC [+]
assbot: [MPEX] [S.MPOE] 10300 @ 0.00065144 = 6.7098 BTC [+]
assbot: [MPEX] [S.MPOE] 16493 @ 0.0006527 = 10.765 BTC [+]
assbot: [MPEX] [S.MPOE] 17800 @ 0.00065403 = 11.6417 BTC [+]
assbot: [MPEX] [S.MPOE] 1435 @ 0.00065464 = 0.9394 BTC [+]
mircea_popescu: here you go mjr__ : http://trilema.com/2013/the-rarge-part-of-this-lally/
ThickAsThieves: i have a feeling it's gonna be a wild day
mircea_popescu: you're now famous
assbot: [MPEX] [S.MPOE] 2400 @ 0.00064591 = 1.5502 BTC [-]
wao: wuah
jurov: Nomura Securities copies MPEx after a year and a half… yeah here we go
assbot: [MPEX] [S.MPOE] 1921 @ 0.00064591 = 1.2408 BTC [-]
assbot: [MPEX] [S.MPOE] 9842 @ 0.0006459 = 6.3569 BTC [-]
assbot: [MPEX] [S.MPOE] 6137 @ 0.00064246 = 3.9428 BTC [-]
mircea_popescu: dun dun dun
mircea_popescu: but it's the fact. first financial institution to use gpg ? mpex.
mircea_popescu: porn & buttcoinz drive innovation irl.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064253 = 2.7764 BTC [+]
assbot: [MPEX] [S.MPOE] 10547 @ 0.00064246 = 6.776 BTC [-]
assbot: [MPEX] [S.MPOE] 13319 @ 0.00064072 = 8.5337 BTC [-]
assbot: [MPEX] [S.MPOE] 4213 @ 0.00063888 = 2.6916 BTC [-]
assbot: [MPEX] [S.MPOE] 17150 @ 0.00063888 = 10.9568 BTC [-]
mjr__: honored to be cited...lol
assbot: [MPEX] [S.MPOE] 1424 @ 0.00065464 = 0.9322 BTC [+]
mircea_popescu: http://polimedia.us/dtng/c/res/18313.html#18346 that is actually pretty good.
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01 BTC [+]
assbot: [MPEX] [S.MPOE] 1041 @ 0.00065464 = 0.6815 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065484 = 2.8296 BTC [+]
assbot: [MPEX] [S.MPOE] 5507 @ 0.00065485 = 3.6063 BTC [+]
assbot: [MPEX] [S.MPOE] 6231 @ 0.00065494 = 4.0809 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064741 = 2.7975 BTC [-]
assbot: [MPEX] [S.MPOE] 12679 @ 0.00064744 = 8.2089 BTC [+]
mircea_popescu: http://www.news.com.au/technology/massive-google-security-flaw-puts-users-details-on-display-for-all-to-find/story-e6frfro0-1226577210852
mircea_popescu: google pulls a mtgox.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064719 = 2.7965 BTC [-]
assbot: [MPEX] [S.MPOE] 11439 @ 0.00064744 = 7.4061 BTC [+]
kakobrekla: http://patakk.tumblr.com/zef
mircea_popescu: nothing there ?
mircea_popescu: http://25.media.tumblr.com/e1307953d79b9c1a6ed4233436ef77f8/tumblr_mgog6jAtha1qc0s10o1_500.gif ?
mircea_popescu: http://www.examiner.com/article/eu-recession-as-robin-hood-tax-begins?cid=rss
mircea_popescu: lol
kakobrekla: its there
kakobrekla: just need a newer browser
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065491 = 2.8299 BTC [+]
assbot: [MPEX] [S.MPOE] 9446 @ 0.00065494 = 6.1866 BTC [+]
assbot: [MPEX] [S.MPOE] 12474 @ 0.00065494 = 8.1697 BTC [+]
Bugpowder: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.00063679 / 0.00064677 / 0.00066098 (1409926 shares, 911.90 BTC), 7D: 0.0006153 / 0.00065584 / 0.0007 (18889176 shares, 12,388.36 BTC), 30D: 0.00059445 / 0.00066251 / 0.0007 (73333145 shares, 48,584.03 BTC)
assbot: [MPEX] [S.MPOE] 3907 @ 0.00065268 = 2.55 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063895 = 2.7609 BTC [-]
assbot: [MPEX] [S.MPOE] 2263 @ 0.00063888 = 1.4458 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064482 = 2.7863 BTC [+]
assbot: [MPEX] [S.MPOE] 11129 @ 0.00064504 = 7.1787 BTC [+]
assbot: [MPEX] [S.MPOE] 1650 @ 0.00064336 = 1.0615 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006389 = 2.7607 BTC [-]
assbot: [MPEX] [S.MPOE] 10429 @ 0.00063888 = 6.6629 BTC [-]
assbot: [MPEX] [S.MPOE] 45 @ 0.00063888 = 0.0287 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063755 = 2.7549 BTC [-]
assbot: [MPEX] [S.MPOE] 21817 @ 0.00063754 = 13.9092 BTC [-]
assbot: [MPEX] [S.MPOE] 15667 @ 0.00063654 = 9.9727 BTC [-]
DeadWeasel: bouncy bitcoin. a lot of hungry mouths were waiting for that drop.
DeadWeasel: ate it up
DeadWeasel: ;;slap deadweasel
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 25.86297, Best ask: 25.89910, Bid-ask spread: 0.03613, Last trade: 25.86297, 24 hour volume: 147093.07547354, 24 hour low: 21.72100, 24 hour high: 26.65000, 24 hour vwap: 25.00466
mircea_popescu: http://www.youtube.com/watch?v=9L3KU5eiEBo
DeadWeasel: ;;bc,24hprc
mircea_popescu: his mudder was a modder!
gribble: 24.96
DeadWeasel: mircea_popescu: at work, no videos. already use webIRC to get around blocks.
mircea_popescu: seinfeld.
DeadWeasel: still having fun on SA i hope?
kakobrekla: ;;bc,stats
gribble: Current Blocks: 221145 | Current Difficulty: 3275464.586565617 | Next Difficulty At Block: 221759 | Next Difficulty In: 614 blocks | Next Difficulty In About: 3 days, 15 hours, 11 minutes, and 42 seconds | Next Difficulty Estimate: 3474257.66998 | Estimated Percent Change: 6.06916
kakobrekla: BFL will deliver ASIC devices before March 1st;
kakobrekla: Confirmed bets:
kakobrekla: 99
kakobrekla: 1 moar!
mircea_popescu: DeadWeasel http://polimedia.us/dtng/c/res/18313.html
mircea_popescu: enjoy lol
DeadWeasel: kakobrekla: you mine?
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063679 = 2.7516 BTC [+]
assbot: [MPEX] [S.MPOE] 1093 @ 0.00063659 = 0.6958 BTC [-]
kakobrekla: ya a fpga is running somewhere in the house
kakobrekla: rest is gone
DeadWeasel: i'll take that as a yes, mircea_popescu
DeadWeasel: what do you make with your FPGA?
kakobrekla: noise
kakobrekla: http://shrani.si/f/x/v5/oRgSUuC/img9233.jpg
DeadWeasel: well, at least you're producing
kakobrekla: i keep it as a joke.
kakobrekla: might as well go solo.
kakobrekla: with that 260mhash
DeadWeasel: one day you might get a block,.
DeadWeasel: I get 171 with a ati 6770, but it's not worth it.
kakobrekla: just 171?
kakobrekla: i got 250 from 5770
kakobrekla: back in the day
jcpham: feel free to stalk my wasting of electric: http://mining.three41.net/
DeadWeasel: 5770s are way betta
DeadWeasel: 6770s just have a higher number.
kakobrekla: hehe
jcpham: passive 7870's sound elite to me
jcpham: a rig box full of passive cooled gpus
kakobrekla: i had a passive nvidia running at 105 degrees C for years
kakobrekla: bitdaytrade : Today at 12:09:28 PM : Go troll somewhere else. I'm working hard to raise the necessary funds. Very positive news are on the horizon.
kakobrekla: rofl.
mircea_popescu: ugm
mircea_popescu: you're not serious are you !?
kakobrekla: i am, alberto isnt.
mircea_popescu: lol
mircea_popescu: it's funny how scammers always have very positive news on the horison
kakobrekla: >>https://bitcointalk.org/index.php?topic=140366.msg1527172#msg1527172
mircea_popescu: sorta like gambling addicts/failed acresses
kakobrekla: poor eskimo, would hurt too much to write "you area right", he writes "you are not wrong"
mircea_popescu: hahaha good1
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064484 = 2.7864 BTC [+]
assbot: [MPEX] [S.MPOE] 6171 @ 0.00064504 = 3.9805 BTC [+]
assbot: [MPEX] [S.MPOE] 5149 @ 0.00065494 = 3.3723 BTC [+]
assbot: [MPEX] [S.MPOE] 10409 @ 0.00065622 = 6.8306 BTC [+]
assbot: [BTCTC] [GSDPT] 11 @ 0.006 = 0.066 BTC [-]
assbot: [MPEX] [S.MPOE] 3228 @ 0.00063659 = 2.0549 BTC [-]
assbot: [MPEX] [S.MPOE] 8372 @ 0.00063654 = 5.3291 BTC [-]
assbot: [MPEX] [S.MPOE] 3891 @ 0.00065622 = 2.5534 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065629 = 2.8358 BTC [+]
assbot: [MPEX] [S.MPOE] 49 @ 0.0006563 = 0.0322 BTC [+]
assbot: [HAVELOCK] [KCIM] 9 @ 0.99 = 8.91 BTC [+]
assbot: [HAVELOCK] [KCIM] 2 @ 1 = 2 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065609 = 2.835 BTC [-]
assbot: [MPEX] [S.MPOE] 2929 @ 0.0006563 = 1.9223 BTC [+]
mircea_popescu: http://www.lewrockwell.com/blog/lewrw/archives/132330.html
mircea_popescu: apparently llewellyn didn't much care for this week's reality tv
assbot: [BTCTC] [COGNITIVE] 1 @ 0.3399 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063676 = 2.7514 BTC [-]
assbot: [MPEX] [S.MPOE] 2629 @ 0.00063654 = 1.6735 BTC [-]
Bugpowder: fuck this shit
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.42000, Best ask: 26.49999, Bid-ask spread: 0.07999, Last trade: 26.40901, 24 hour volume: 147397.72847532, 24 hour low: 21.72100, 24 hour high: 26.65000, 24 hour vwap: 25.02041
mod6: Bugpowder: what up?
Bugpowder: btc
Garr255_Lappy: hey all. you can now invest in Cognitive with LTC :) https://www.litecoinglobal.com/security/COGNITIVE-PT
kakobrekla: and by invest you mean lose money with?
mircea_popescu: !ticker cognitive-pt
assbot: Your actions are useless.
mircea_popescu: mkay
DeadWeasel: ;;slap Garr255_Lappy
Garr255_Lappy: kakobrekla, let me know when mining stock, not bonds, becomes unprofitable.
kakobrekla: im letting you know now.
Garr255_Lappy: back up your words with math please
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064002 = 2.7655 BTC [+]
kakobrekla: wheres that bug chart
mjr__: is there a crossed quote on mpoe?
mircea_popescu: 0.00064089 4`321
mircea_popescu: 4`321 0.00063996
mircea_popescu: neh ?
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063996 = 2.7653 BTC [-]
assbot: [MPEX] [S.MPOE] 2879 @ 0.00063967 = 1.8416 BTC [-]
mircea_popescu: Garr255_Lappy you got a graph of cognitive price somewhere ?
Garr255_Lappy: mircea_popescu yes, https://btct.co/security/COGNITIVE
assbot: [MPEX] [S.MPOE] 7300 @ 0.00063967 = 4.6696 BTC [-]
mircea_popescu: how do i make that show something like a year ?
mircea_popescu: (can i?)
DeadWeasel: DeaDTerra: nice, glad to hear it
ThickAsThieves: yeeuh
kakobrekla: https://www.youtube.com/watch?feature=player_embedded&v=R5mMRiiCwak
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064037 = 2.767 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064046 = 2.7674 BTC [+]
assbot: [MPEX] [S.MPOE] 2158 @ 0.00064052 = 1.3822 BTC [+]
leflor: mircea_popescu warren buffet is going to buy mpex for 1 billion dollars
mircea_popescu: i don't think so.
thestringpuller: haha
thestringpuller: ;;asks 27
gribble: There are currently 13428.315 bitcoins offered at or under 27.0 USD, worth 360232.300725 USD in total.
thestringpuller: ;;asks 30
gribble: There are currently 34633.742 bitcoins offered at or under 30.0 USD, worth 974142.854562 USD in total.
thestringpuller: mining gold is only profitable for so long
thestringpuller: so there will be much hate to go around
assbot: [BTCTC] [B.YABMC] 1 @ 0.0181 BTC [-]
assbot: [BTCTC] [B.YABMC] 100 @ 0.018 = 1.8 BTC [-]
assbot: [BTCTC] [B.YABMC] 14 @ 0.0154 = 0.2156 BTC [-]
assbot: [BTCTC] [B.YABMC] 200 @ 0.0153 = 3.06 BTC [-]
assbot: [BTCTC] [B.YABMC] 150 @ 0.0152 = 2.28 BTC [-]
assbot: [BTCTC] [B.YABMC] 43 @ 0.0152 = 0.6536 BTC [-]
assbot: [BTCTC] [B.YABMC] 50 @ 0.0151 = 0.755 BTC [-]
kakobrekla: heres some milk for mircea_popescu https://bitcointalk.org/index.php?topic=143962.0
mircea_popescu: i r get milk ?
mircea_popescu: i shou;d prolly link that from mpex main page just for lulz.
kakobrekla: bitcoin is self destructive.
kakobrekla: it says.
mircea_popescu: kakobrekla bitcoin is backed by lulz and drama!
kakobrekla: no wonder price is so high.
mircea_popescu: and we all know those self feed and replicate
mircea_popescu: so it can only go the way of the butt : upupup
kakobrekla: is never to high to buy and never too low to sell
mircea_popescu: it's never too tight and never too deep
kakobrekla: it can be too big.
mircea_popescu: i dunno, i don't have the full range of sensual experiences.
kakobrekla: well, thats what she said.
jurov: no matter how deep, no matter how hiiiigh
jurov: nono nononono nonono limiiit
mod6: they're beating up on MPEx in bitcoin-otc...
mod6: more nonsense about how "bad" teh website is lol
mod6: (10:04) < FonziScheme> we're talking about the website, mod6. get over it
mod6: (10:05) <+mod6> hahaha
mircea_popescu: lolk
mircea_popescu: newfags in #bitcoin-newfags having opinions and shit.
mod6: these dumbshits sit in there and talk all kinds of trash. at some point I usually jump in and tell 'em what idiots they are.
mod6: this is one of those moments
mircea_popescu: ;;gettrust fonzischeme
gribble: Trust relationship from user mircea_popescu to user fonzischeme: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://serajewelks.bitcoin-otc.com/trustgraph.php?source=mircea_popescu&dest=fonzischeme
mircea_popescu: totally.
mod6: (10:05) < FonziScheme> but if you want to discuss how crappy the CLI scripty is, we can do that
mod6: (10:06) <+mod6> you want to dog on my code, feel free.
mod6: (10:06) <+mod6> asswipe
mod6: (10:06) < FonziScheme> wow. simma down.
mod6: (10:06) < FonziScheme> panties, meet bunch.
mod6: (10:07) <+mod6> then stop talking shit about stuff you don't understand FonziScheme
mod6: (10:07) < FonziScheme> stop claiming no one understands it, mod5
pigeons: fonzischeme may be under fbastage or reliablesource
pigeons: he's been on my ignore for a year
mod6: ahh, he's mildly retarded
mircea_popescu: wait.
mircea_popescu: 20450 fbastage 18 mircea_popescu 2013-02-11 17:33:47 -2 spammer and megalomaniac.
mircea_popescu: this dude ?
pigeons: yes same guy
mircea_popescu: fucking hell all these people talking about me that i don;t even know.
mod6: well, that doesn't shock me in the least then. he has an axe to grind.
mircea_popescu: at least ver WANTS to be a celebrity.
mod6: they think they can just do 2minutes hate everyday and I wont call 'em out
mod6: fuck that shit
mircea_popescu: mr mod6enstein
mod6: (10:01) <+Scrat> neofutur: i dont care about validation either but MPOE is the worst website ive seen since geocities
mod6: (10:04) <+mod6> What MPEx is, is not a website. I'm not sure why people fail to understand that. It doesn't even really need a damn website.
mod6: (10:04) <+mod6> lol
mod6: mircea_popescu: ;)
mircea_popescu: any connection between these fine folks and the douches embroiled in the "highest valued currency" wiki revert war ?
mod6: I think there might be.
mod6: I don't follow in there quite close enough these days.
mircea_popescu: well since mpoe-pr is trolling stripper forums i kinda lost track of reddit
mod6: haha
mircea_popescu: tho in honesty is was a productive move. more lol.
mod6: i bet that is moar lulz
mircea_popescu: anyway, who's controlled-evaporating otc these days ?
mircea_popescu: since rg's unfortunate irl job and everything
mod6: seriously, its a bunch of dudes who even have neg ratings as oppers.
mircea_popescu: o.0
mircea_popescu: i guess it successfully evaporated.
mod6: one day last week (I forget who it was for now) there was someone op'd and I was like "WAH HOW DID DA SCAMMERZ GET OPZ?!"
mircea_popescu: nanotube ^
mircea_popescu: you about ready to purge the bitcoin-otc oplist or give it moar time ?
mod6: but... i guess they need some monitoring in there and there isnt a ton of trusted people left to do the job.
mod6: 521 active nicks in the channel, so that's up about 100
mod6: which is good. but man, there are some real dumbasses who think they run that show.
mircea_popescu: i don't even remember what it used to be last year.
mircea_popescu: 396, 693, 936, something
imsaguy: neg ratings aren't always a bad thing. neg ratings from an idiot source really aren't neg ratings.
mod6: when I seem to check every now and then it seems to typically hover around 400-450
mircea_popescu: that's true.
imsaguy: the whole point of otc is that you go by your web of trust
imsaguy: not some stupid sum number
mod6: imsaguy: I'm with you there. I need to find who I was talking about... the guy srsly looked like he had some scammer ratings.
assbot: [MPEX] [S.MPOE] 2594 @ 0.00063967 = 1.6593 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063655 = 2.7505 BTC [-]
assbot: [MPEX] [S.MPOE] 6085 @ 0.00063654 = 3.8733 BTC [-]
imsaguy: ;;getrating imsaguy
gribble: WARNING: Currently not authenticated. User imsaguy, rated since Tue Aug 2 16:24:18 2011. Cumulative rating 318, from 132 total ratings. Received ratings: 124 positive, 8 negative. Sent ratings: 124 positive, 39 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=imsaguy
imsaguy: 8 negatives
imsaguy: most are trolls
imsaguy: half weren't active more than a week
mod6: *nod*
mircea_popescu: imsaguy who was at some point negative total so the rule about rating with negative had to be reverted ?
imsaguy: most were because people don't/didn't understand how ratings work
kakobrekla: o you also have a +10 from PH
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063671 = 2.7512 BTC [+]
assbot: [MPEX] [S.MPOE] 6242 @ 0.00063654 = 3.9733 BTC [-]
imsaguy: kakobrekla: exactly, it all depends on who you trust, not hte absolute
mircea_popescu: kakobrekla im sure he has pirate + too, it's how scamming works, you suck up to people.
imsaguy: mircea_popescu: me? no.
mircea_popescu: he didn't rate you !?
imsaguy: ;;gettrust imsaguy pirateat40
gribble: Trust relationship from user imsaguy to user pirateat40: Level 1: 0, Level 2: 6 via 33 connections. Graph: http://serajewelks.bitcoin-otc.com/trustgraph.php?source=imsaguy&dest=pirateat40
mircea_popescu: the other way around silly.
imsaguy: thats why I asked.
mircea_popescu: im pretty sure pirate rated everyone
imsaguy: I'm surprised my L2 to pirate is still positive
mod6: it seriosly could have been Anduck i'm talking about
imsaguy: ;;getrating pirateat40
gribble: WARNING: Currently not authenticated. User pirateat40, rated since Mon Aug 1 14:18:45 2011. Cumulative rating -125, from 89 total ratings. Received ratings: 55 positive, 34 negative. Sent ratings: 65 positive, 1 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=pirateat40
mod6: *seriously
kakobrekla: rating whores are a problem.
imsaguy: kakobrekla, I used to be one.
pigeons: mod6: probably starsoccer
imsaguy: The first few negatives take care of that though.
mircea_popescu: haha Keefe has one too
imsaguy: ;;getrating keefe
gribble: WARNING: Currently not authenticated. User Keefe, rated since Mon Nov 8 10:37:04 2010. Cumulative rating 606, from 212 total ratings. Received ratings: 212 positive, 0 negative. Sent ratings: 221 positive, 7 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=Keefe
mod6: pigeons: AHHH yeah
mod6: thats who it was.
mod6: im like WTF is this guy doing with ops.
pigeons: starsoccer doesn't know that he's a scammer
mircea_popescu: mod6 anduck was the guy coming here ocasionally asking me like why im trusted and shit no ?
mod6: yeah.
mircea_popescu: seemed harmless kid rly.
mod6: he's just a random guy with 1 bad rating... might be somewhat superficial.
mod6: yeah
imsaguy: many of the people with ops in there atm aren't on the access list
imsaguy: like me for example
imsaguy: so we're faking
mircea_popescu: how does that work ?
imsaguy: well, if I leave and come back, I won't have ops from chanserv
imsaguy: I have to ask another op
kakobrekla: you just do /nick @imsaguy
imsaguy: if nanotube leaves and comes back, chanserv can/will give him ops
mircea_popescu: o o i see what you mean
imsaguy: kakobrekla, not if you're not on the access list
kakobrekla: i kid i kid, that doesnt work even.
mod6: oh so someone just does like /op imsaguy
imsaguy: /op $nick does ;)
imsaguy: mod6, exactly
mod6: instead of telling ChanServ to hook you up
mod6: got it.
imsaguy: I'm too emotional with the bans sometimes
imsaguy: so its good I'm not on the list
imsaguy: ban first, ask questions never
mod6: haha
mircea_popescu: the entire banningthing is nonsense.
imsaguy: perhaps
imsaguy: but it does feel good
imsaguy: :-x
mircea_popescu: ya well.
mircea_popescu: this chan is noban, it works fine. my chan is +m, works fine
mircea_popescu: the stuff in between tho, with the banning... not so fine.
mod6: it does get the point across to trolls with limited reach -- for everything else there's SupaDupa
imsaguy: mod6, we fixed that though
imsaguy: just takes persistance
mircea_popescu: mod6 so gives idiot kids an incentive to read up on supaduping
mod6: oh! sweet.
mircea_popescu: imsaguy i thought freenode finally got their shit together ?
imsaguy: well, we're talking two different things
imsaguy: he was making tons of fake otc accounts
mircea_popescu: a
imsaguy: I would catch those almost as quickly as he made them
imsaguy: freenode and the assbot were something else
imsaguy: not this assbot
imsaguy: the ass script
mircea_popescu: goatse
imsaguy: aye
mod6: haha
mircea_popescu: poor assbot
mircea_popescu: he's the assets assistant!
assbot: wanna goatse?
assbot: hey im sensitive.
imsaguy: no mod/ban channels work
imsaguy: #bitcoin-mining has been
imsaguy: then again, its mainly dead these days
mircea_popescu: well since luke sold his btc for 25
mircea_popescu: no point in it anymore
imsaguy: it was back when people were trying to figure out gpumining
mircea_popescu: speaking of which
imsaguy: now that the settings are pretty tried and true and almost obsolete
mircea_popescu: ;;tslb
gribble: Time since last block: 12 minutes and 42 seconds
mircea_popescu: how do we know avalons/asicminers aren't premining a huge chain!
imsaguy: because they're just mining
imsaguy: avalon is lost in space
pigeons: cause it would work out better for them to just mine honestly
mircea_popescu: ya but never underestimate.
mircea_popescu: seems suspicious as all hell, weeks after everyonedelivered network is still humming at 25.
imsaguy: huh?
imsaguy: ;;diffchange
gribble: Estimated percent change in difficulty this period | 6.19499 % based on data since last change | 10.21154 % based on data for last three days
pigeons: they just turned em up today really
imsaguy: yesterday
imsaguy: 12TH is only like 50% of current network
imsaguy: which means they only have 33% of combined
mircea_popescu: that guy with the 1th was there since like the 12th neh ?
mircea_popescu: at btcguild
imsaguy: assuming full throttle
imsaguy: its up and down
imsaguy: probably dealing with heat and internet connection issues
mircea_popescu: ya. th mining requires some stuff other than power plug.
imsaguy: especially on older hardwear like theirs
imsaguy: ware*
mircea_popescu: the one thing that becomes interesting now is of course useful life.
mircea_popescu: if a set mines at 12th on average for 500 hours and then pops
imsaguy: it'll be interesting to see where things settle
mircea_popescu: well.... that's not gonna be much
imsaguy: ;;genrate 12000000
gribble: The expected generation output, at 12000000.0 Mhps, given difficulty of 3275464.58657, is 1842.44953278 BTC per day and 76.7687305327 BTC per hour.
mircea_popescu: if they spike us up and then their gear dies early in a recalc cycle it'll be nasty.
imsaguy: lol
imsaguy: ;;calc 500/24*1842.44953278
gribble: 38384.3652662
imsaguy: 500 hours would be fine.
mircea_popescu: not for the network tho.
imsaguy: they only spent 20000 for it
mircea_popescu: we'll be stuck with 25gh doing 5mn blocks
imsaguy: avalon is coming
imsaguy: bfl is coming
imsaguy: it wouldn't be for too long that we'd be 'stuck'
imsaguy: and right now, its only 1th anyway
mircea_popescu: well, a coupla weeks
imsaguy: not a real big deal
mircea_popescu: enough for everyone to scream bloody murder
imsaguy: gotta have something to bitch about
imsaguy: if not that, it'd be something else.
mircea_popescu: definitely.
mod6: heh
imsaguy: don't even try to fool yourself :p
imsaguy: ok, its time to go stick my head in a meat grinder.
imsaguy: enjoy the rest of your day/evening.
mircea_popescu: upload vids.
mod6: c-ya imsaguy
kakobrekla: better be a live stream
kakobrekla: or you'll get shit.
mircea_popescu: scamming meat grinder vid.
imsaguy: well you know, I am pirateat40
mod6: dude, I think that maybe you were the first person that sold me BTC.
mod6: so for that, I thank you :)
imsaguy: haha, I broke a lot of cherries back in the day
mircea_popescu: who's that forum kid that keeps reporting on like, what pirate did in his hood
imsaguy: bcb
Diablo-D3: pirate never existed
imsaguy: I gotta jet, I'm late
mircea_popescu: a right
mircea_popescu: girl usually notes him down as pcp
assbot: [BTCTC] [SYNERGY] 1 @ 0.031 BTC [-]
mod6: haha
mod6: he actually one a 10 BTC bet on over 26 USD by Noon EST today.
mircea_popescu: then a while back i referred to someone by her byname instead of their handle
mod6: *won
mircea_popescu: so i threw a shitfit
mircea_popescu: now she's adding * to the "not his real handle" nicks
assbot: [BTCTC] [S.MPOE-PT] 5 @ 0.00066 = 0.0033 BTC [-]
assbot: [BTCTC] [GSDPT] 4 @ 0.006 = 0.024 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.1011 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.332 BTC [-]
mjr_: ugh, reddit is bumming me out
mod6: just hang on irc then, less hassle?
mjr_: true
mjr_: i mean, so dumb though
mjr_: don't understand FX Risk
mjr_: forward contracts
assbot: [BTCTC] [BTC-BOND] 49 @ 0.01 = 0.49 BTC [+]
mod6: yeah, this stuff is pretty far beyond most people who use the internet on a daily basis.
mircea_popescu: why would they ?
mjr_: "if the price of bitcoins doubles, the price of S.DICE halves"
mircea_popescu: if you made a risk you didn't make that risk.
mircea_popescu: also, business.
mjr_: i'm like OH that is why every single stock on NYSE moves the same direction at the same time
mircea_popescu: lol
mjr_: yes, but you get forward contracts or options to guarantee and hedge
mircea_popescu: actually mjr_, these days it pretty much does
mjr_: well, not for me at least
mircea_popescu: bernanke helicopters a trillion funbux into "economy"
mircea_popescu: all pres howls about how "record new index soars!!11"
mjr_: i'm up 6 or 7% on S.DICE
mjr_: and up 25% on BTC
mjr_: so my total gain when measured in dollars is a combo of the two effects
mircea_popescu: you got in late, ipo people are up like whatever, 80% on s.dice and 300% on btc
mjr_: i'm not saying there is NO correlation
mjr_: yeah of course
mircea_popescu: hum interesting correlation!
mircea_popescu: ;;calc 6.5/25
gribble: 0.26
mjr_: but still...these returns are great and that's before i have ever even received dividends
mircea_popescu: ;;calc 8/30.0
gribble: 0.266666666667
mircea_popescu: dude
mircea_popescu: DUDE!
mircea_popescu: Bugpowder are you copying this ?
mircea_popescu: how long you been in mjr_ ?
mircea_popescu: ;;calc .66 / 26
mjr_: beginning of feb
gribble: 0.0253846153846
Bugpowder: wut?
mircea_popescu: so 5 months and 2 weeks converges to like 0.02!
pigeons: paper profits
mircea_popescu: this is totally ponzi.
mircea_popescu: there is just no way.
mjr_: 0.0057 is what i got S.DICE for
mircea_popescu: as smooth as 16yo bikini wax
mjr_: ;;ticker
Bugpowder: .0034
gribble: BTCUSD ticker | Best bid: 26.33672, Best ask: 26.36438, Bid-ask spread: 0.02766, Last trade: 26.30110, 24 hour volume: 143473.69366734, 24 hour low: 21.72100, 24 hour high: 26.67000, 24 hour vwap: 25.03657
Bugpowder: http://imgur.com/a/EsExY
mjr_: yeah, if only i had gotten in then
Bugpowder: It was up to 4x till last night's bounce :(
mjr_: lol
mjr_: yeah
mjr_: but that position is up...i got the bitcoins on average for 21.22 so that position is up
mjr_: so i am up in total by the combination of the two
mjr_: also...how can people retroactively go back and make their bets smaller because bitcoins are worth more now?
mircea_popescu: mjr_ what's your exit point ? or didn't establuish in advance ?
mjr_: revenue is revenue
mjr_: buy and hold
mircea_popescu: aha
mircea_popescu: well, there's this theory that people will bet less if btc are worth more.
mjr_: yes, that is true
mjr_: over the long run
mircea_popescu: cause well... gamblers are rational people and everything
mircea_popescu: i can totally see it.
mjr_: but they already bet and that is already his revenue
mjr_: so my tiny fraction of that revenue is already mine in dividends
mircea_popescu: yes, for the current month. but past months are water under the bridge far as you're concerned
mjr_: they can't change that now
mjr_: yes
mjr_: true
mjr_: my point is that for february
mod6: upwards and onwards though!
mjr_: i hope to get 3% on my position
mjr_: i am happy with that
mircea_popescu: well if you want to look art it this way, i was making bets on diff this year as far back as aug/sept 2012
mjr_: as opposed to just taking the ride on btc, i am basically doubling down my bet
mjr_: nice
mircea_popescu: 100 btc bet then worth like 700 or w/e, 200 btc won now worth like 5k ?
mjr_: they pay off well?
mircea_popescu: yes.
mjr_: i also hold MPOE
mjr_: which is down from where i bought it
mjr_: even though btc is up
mircea_popescu: people would take things like "diff will be under 50mn" at even money etc.
mjr_: again, the two are not the same
mjr_: lol
assbot: [MPEX] [S.MPOE] 1005 @ 0.00063655 = 0.6397 BTC [+]
assbot: [MPEX] [S.MPOE] 2805 @ 0.00063654 = 1.7855 BTC [-]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00063654 = 3.1827 BTC [-]
assbot: [MPEX] [S.MPOE] 11190 @ 0.00063653 = 7.1228 BTC [-]
mircea_popescu: remember, back in aug and even sept peoplethought bfl delivers 1st batch in oct
mjr_: yeah
mircea_popescu: and by "thought" i mean swore their babies on
mod6: yeah. there were massive bets and everything iirc.
mjr_: i am not at all interested in mining hardware speculation, if they deliver they deliver
mircea_popescu: i was mostly into it to hedge
mircea_popescu: which worked out ok.
mjr_: yeah smart move
TomServo: You getting a Dell?
mod6: haha
mircea_popescu: hm ?
mjr_: so my point is that the revenue they bring in and the dividends they pay is way more likely to change the share price than the price of btc at the moment
mod6: its a joke from the Dell commericals
mircea_popescu: mjr_ right.
mjr_: dell is being taken private
mircea_popescu: because it sucks ?
mjr_: btc/usd could affect that but that remains to be seen
mjr_: lol i think so
mircea_popescu: i never quite understood this taking private business.
mjr_: buying back all its shares
mircea_popescu: i know what it means
mjr_: i know
mircea_popescu: i never understood the sense of it.
mjr_: oh, i love the idea
mircea_popescu: give me an example of a corp where it worked.
mod6: they must have some awful shit on the books, or they couldn't get it to an attractive price for a buyer, otherwise why take it private?
mjr_: no more worrying about what analysts have to say
mjr_: you can think long term
mircea_popescu: mod6 i suspect they have some wicked tax avoidance idea they'll tery
mjr_: without worrying about pissing people off every quarter
mjr_: public companies divorce the interest of the company from the interest of the owner
mircea_popescu: not if they're well managed.
mjr_: ie. it may be best to invest ahead of the growth curve for a while, take a loss, for future gain
mod6: mircea_popescu: could be. lot of companies upped their dividened payments before the end of '12 to front-run the up coming tax hikes.
mircea_popescu: mod6 yah.
mjr_: but convincing joe six pack that you know best about servers or the tech market is too tough
mircea_popescu: boy that disaster is gonna smart.
mjr_: they want to see pretty green arrows
mircea_popescu: mjr_ it's not like joe six pack has sotck money
mjr_: hehehe
mjr_: good point
mjr_: maybe 401k
mircea_popescu: but self directed ?
mjr_: maybe
mjr_: i know a lot who do
mjr_: but then again it is nyc
mircea_popescu: negligible of total.
mjr_: even so
mjr_: how many times have i seen a company BEAT earnings and STILL get smoked
mircea_popescu: lol actually
mjr_: lame
mircea_popescu: netflix beat earnings and it went up 908534905034%
mjr_: to try to cater to a fickle market
mjr_: yes
mjr_: but aapl beat
mjr_: and went down like $50
mjr_: i personally wouldn't bet on direction
mircea_popescu: ya well, netflix didn't have every hipster tard on their wagon
mjr_: get a straddle and just play the volatility
mircea_popescu: much to their benefit.
mjr_: still though, i sold a record # of widgets...ok you suck, we don't want your stock
mjr_: but i made more money than you expected
assbot: [MPEX] [S.MPOE] 4410 @ 0.00063653 = 2.8071 BTC [-]
mjr_: i don't care, sell sell sell
assbot: [MPEX] [S.MPOE] 9826 @ 0.00063601 = 6.2494 BTC [-]
assbot: [MPEX] [S.MPOE] 2514 @ 0.000636 = 1.5989 BTC [-]
iz: netflix also secured big exclusive contracts with 2 major studios in the future
mircea_popescu: mjr_ the key is if they find a new jobs. they don't, they're dead.
mjr_: irrational markets, focused on short term
mod6: AMZN beat (barely iirc) and it went up a bunch too -- until the following week where exuberance dropped. I think traders were spooked by the -1.0% GDP print... and any good earnings news was like "heaven sent"
mjr_: yeah...that is my point, a private company doesn't worry about spooking anybody
mircea_popescu: iz that's a good point yes
mjr_: you do what you want
iz: there's more data there, than just the earnings
mjr_: what you think is best
mircea_popescu: prolly larger impact than the few cents
iz: so if it seems "irrational", maybe it's just that you haven't seen all the data everyone else has
mjr_: wall street is like a bunch of whiny spoiled children
mircea_popescu: iz i was using that example deliberately :)
mjr_: yeah...the prop traders i see...they are super inside
iz: well, i'm glad i could help illustate your point there then :D
mjr_: they are scalping and playing around, they have no idea of fundamentals
mjr_: they are riding the emotions of others
mjr_: to make a penny or two
mjr_: just like an algorithm
mjr_: which doesn't care about any of that
mjr_: i think everyone gives these people WAY too much credit
mjr_: herd mentality
mjr_: in fact, some of them just buy and sell at the same price just to make liquidity rebates
mjr_: they could literally not care less about what the company does
mjr_: institutional investors are different
mjr_: they are a lot smarter, but still, driven by emotion to some degree
mircea_popescu: im not sure i dig this entire reason/emotion debate.
mircea_popescu: reason and emotion use the same circuitry but different heuristics is all
mircea_popescu: not really as fundamentally different as people paint em
mjr_: eh
mjr_: just saying
mjr_: selling because you see red is dumb
mjr_: and i see a lot of people do that
mjr_: it is counter to normal
mjr_: when many are selling you should buy
mircea_popescu: well, it's that intelligent markets theory or w/e
mjr_: and when many are buying you should sell
mircea_popescu: advisors are actually telling people like stanford to sell when price goes down, and the more it goes down the more to sell
mjr_: i have seen people call up to check a position
mircea_popescu: then rebuy when it's back up
mjr_: and i say you want me to flatten it?
mircea_popescu: and they get paid $$$ for this
mjr_: that is my point
mjr_: the people will say no...don't sell
mjr_: they wait till they lose their profit and are down and then they sell
mjr_: because you want to own something that is profitable and you don't want to own something that is down
mjr_: exactly opposite of what you should do
mjr_: which is buy low sell high
mjr_: i'm down 4% on MPOE, i am going to double my position
mircea_popescu: ya well, you don't know if it ever recovers is their idea
mjr_: yeah
mircea_popescu: i mean... sure, i made money long on LEH
mircea_popescu: but... most people'd have been ill advised to buy it
mjr_: but what they end up doing is buying at the top of the hill and selling at the bottom
mircea_popescu: depends. some things actually go out. that's why i picked leh.
mjr_: cuz they get scared
mjr_: yeah true
mircea_popescu: and at that time, citi and boa seemed primed for the same fate iirc.
mjr_: they did
mjr_: even goldman had rumors of failure
mircea_popescu: and jpm
mjr_: yep
mircea_popescu: which was funny, at the time
mjr_: jpm was way closer
mjr_: i'm actually reading "too big to fail" right now
mircea_popescu: cause "everyone" knew if it comes to it fed is going to pick jpm to save
mircea_popescu: if all banks default or something.
mjr_: yeah
mjr_: bailout was a very dirty word back then
mjr_: should still be IMO
mjr_: bankers are scumbags
mjr_: for the most part, no offense to any bankers
mjr_: but seriously, you get the upside, we get the downside
mjr_: great work if you can get it
mircea_popescu: both .3
mircea_popescu: heh.
mjr_: hehehe, it is fun trying to front run people :)
mjr_: love jumping in front of a wall
mjr_: by the way, bitfloor is my new favorite exchange
mjr_: i love it
mircea_popescu: let me save that in my directory.
mjr_: i got my money in there in a half hour with no ID, and i think a $2 fee
DeadWeasel: nice, i just reg'd last night. didn't have time to explore.
mjr_: the bank of america option is the way to go
mjr_: if you have one by you
DeadWeasel: i do.
mjr_: literally half hour
DeadWeasel: but they are open when I am at work.
mjr_: and roman who runs it emailed me when i asked how long within 5 min
DeadWeasel: close at 4 assholes
mjr_: lol yeah
mjr_: bankers hours
DeadWeasel: shithead hours
mjr_: yeah
mjr_: also...nice big spreads
mjr_: i'm just market making for fun right now
DeadWeasel: yeah, i will look more tonight.
mjr_: think it's like a .35 spread
DeadWeasel: good security? safe to keep btc there?
DeadWeasel: you know, a working amount?
mjr_: don't know
mircea_popescu: DeadWeasel they had a breach and currently owe the customerbase btc
mjr_: yes
DeadWeasel: oh my
mircea_popescu: so, i wouldn't keep btc there. but if you're ok with the risk, hey.
DeadWeasel: well, i'll just watch for now, thanks mircea_popescu
mjr_: yeah, i don't know if i will leave btc overnight
mjr_: but, the guy is trying to pay back at least
mjr_: and i think he has started
DeadWeasel: i mean, Gox got hit hard.
DeadWeasel: but this is way after that
mjr_: yeah
DeadWeasel: when was bitfloor?
mircea_popescu: http://gizmodo.com/5940507/bitcoin-exchange-bitfloor-suspends-operations-following-250k-hacker-heist
mjr_: i mean, for me...i can drop off cash on the corner, have it in the account in a half hour, get PAID to trade (liquidity rebates) and don't have to use Mt. Gox (best reason)
mjr_: so, maybe a little riskier, but also i've emailed the guy and erik said he is a good guy, so i feel somewhat comfortable with it
mjr_: not that he vouched in any way
mircea_popescu: he IS a good guy
DeadWeasel: I'm a good guy, send me btc
mircea_popescu: he did some open source stuff, whiz kid
mjr_: yeah, his platform is nice
mircea_popescu: but prudential is what it is.
mjr_: yeah
mjr_: i kinda want to help bring volume for many reasons
mjr_: he will be able to pay back if he collects more revenue
mjr_: i think having 80% of volume go through mt.gox is insane
mjr_: he is local and doesn't require id
mjr_: and he gives liquidity rebates...
mircea_popescu: mjr_ it's not the case.
mjr_: handles FIX messages in his API
mjr_: well ID to withdraw cash
mjr_: i think
mjr_: but i can drop off anonymously
mjr_: and i have no interest in cash
mircea_popescu: mt gox has something like over half, i think
mjr_: oh they advertise 80%
mjr_: well...to be fair they say july 2011
mjr_: but still
mircea_popescu: :p
mjr_: i think a bunch of small local exchanges is better for the ecosystem
mircea_popescu: this is true
mjr_: and i find their limits and fees onerous
mjr_: their process is byzantine to me
mjr_: i don't understand the voucher system and why we need an extra layer of annoyance
mircea_popescu: im curious how the recent bitcoinica drama will unfold.
mjr_: yeah
mjr_: always drama in bitcoinland
mjr_: has anyone used camp bx? they also look really good
DeadWeasel: the bot has changed his amount to .13 and is putting downward pressure on BTC price.
DeadWeasel: from .10
mircea_popescu: which bot ?
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.41728, Best ask: 26.42859, Bid-ask spread: 0.01131, Last trade: 26.42859, 24 hour volume: 143011.50114582, 24 hour low: 21.72100, 24 hour high: 26.67000, 24 hour vwap: 25.04569
DeadWeasel: the one I assume is a bot because I see a .13 sell every 6 or 8 transactions, sometimes 3 in a row at .002 less than the last.
DeadWeasel: seems like a bot,i've got no way to know.
mjr_: also...i find that these exchanges are much easier to arb
mjr_: look at bitfloor and then look at camp bx
mjr_: 10 coins for sale at 26.65
B0g4r7_: I'll buy your 10 coins for $26.65.
mjr_: can buy at 26.40 on bitfloor
mjr_: read up
mjr_: i'm showing the arbitrage opportunity that exists right now
B0g4r7_: Oh, you meant $26.65 each. ;P
mjr_: .25
mjr_: gotta get to work on my bot
B0g4r7_: I had the beginnings of a bot.
mjr_: cuz i can transfer between these two relatively easily
mjr_: me too
mjr_: it was just a spread finder
mjr_: if the spread was larger than the fees it would market make
B0g4r7_: I was pleased to discover that once I had it talking to one exchange's API, it "just worked" with 3 others with no changes.
mjr_: nice
mjr_: i wish i could trust btc-e
mjr_: they have the best prices always i think
B0g4r7_: But you don't trust, eh?
mjr_: eh don't know
mjr_: seems too far away
mjr_: i don't use mt. gox
mjr_: i've used bitinstant, local, bitfloor, and soon camp bx
B0g4r7_: I used btc-e a couple times to exchange for LTC. Had no issues.
mjr_: nice
mjr_: just seems to hard for me personally to get money all the way there
mjr_: international wire
mjr_: wait days
mjr_: i want to move fast
mjr_: i just got btc in camp bx now
mjr_: so i can take advantage of that offer sitting on the books
mjr_: and they let you send hidden orders *drool*
mjr_: so much easier to front run :) i gotta get to work on this bot
mod6: laaaaaaag zapped me out
assbot: [MPEX] [S.MPOE] 6400 @ 0.00063973 = 4.0943 BTC [+]
assbot: [MPEX] [S.MPOE] 1968 @ 0.00064034 = 1.2602 BTC [+]
DeadWeasel: wtf 27
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.88167, Best ask: 26.91933, Bid-ask spread: 0.03766, Last trade: 27.00000, 24 hour volume: 148547.21940210, 24 hour low: 21.72100, 24 hour high: 27.03987, 24 hour vwap: 25.12082
kakobrekla: ::bc,convert eur
kakobrekla: ;;bc,convert eur
gribble: 1 BTC = 27.00000 U.S. dollars = 20.2596233 Euros
Bugpowder: fuclk
kakobrekla: yea
kakobrekla: my words exactly.
Bugpowder: Ireally managed tofuck up my best trade ever
Bugpowder: oh well
assbot: [MPEX] [O.BTCUSD.P240T] 1000 @ 0.05712394 = 57.1239 BTC [-]
assbot: [MPEX] [O.BTCUSD.P250T] 1000 @ 0.07274391 = 72.7439 BTC [-]
assbot: [MPEX] [O.BTCUSD.P260T] 1000 @ 0.09149325 = 91.4933 BTC [-]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.09800, Best ask: 27.17804, Bid-ask spread: 0.08004, Last trade: 27.23334, 24 hour volume: 151359.26250357, 24 hour low: 21.72100, 24 hour high: 27.25000, 24 hour vwap: 25.15996
mircea_popescu: the wow
kakobrekla: is fucked.
mircea_popescu: it's like... wow.
mircea_popescu: 27 ? srlsy ?!
mircea_popescu: went form 21 to 27 in 16 hours ?
DeadWeasel: dat not good
DeadWeasel: too bouncy
DeadWeasel: ;;asks 26.5
gribble: There are currently 0 bitcoins offered at or under 26.5 USD, worth 0.0 USD in total.
DeadWeasel: ;;asks 27
gribble: There are currently 0 bitcoins offered at or under 27.0 USD, worth 0.0 USD in total.
DeadWeasel: damn
DeadWeasel: asks disappeared in 2 seconds
DeadWeasel: ;;asks 28
gribble: There are currently 10647.286 bitcoins offered at or under 28.0 USD, worth 294253.35604 USD in total.
DeadWeasel: ;;asks 29
gribble: There are currently 13698.669 bitcoins offered at or under 29.0 USD, worth 381539.936416 USD in total.
DeadWeasel: ;;bids 29
gribble: There are currently 0 bitcoins demanded at or over 29.0 USD, worth 0.0 USD in total.
kakobrekla: 30 here we come
DeadWeasel: thank you for saying that, i always get itchy trigger finger in these wild swings. I'm such an emotional woman
Bugpowder: fuk this
DeadWeasel: dumps coming
mjr_: man, this is great
mjr_: i love these exchanges
assbot: [HAVELOCK] [SDICE] 5 @ 0.723 = 3.615 BTC [-]
burnside: <Bugpowder_> picking out apartments in santa monica
burnside: Bugpowder - you live in Santa Monica?
assbot: [BTCTC] [S.DICE-PT] 5 @ 0.0063 = 0.0315 BTC [+]
mod6: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.07455, Best ask: 27.08704, Bid-ask spread: 0.01249, Last trade: 27.24000, 24 hour volume: 153179.59959284, 24 hour low: 21.72100, 24 hour high: 27.25000, 24 hour vwap: 25.18652
DeadWeasel: 12K to 28. Everyone expect a big drop at 30?
DeadWeasel: or more ilke 32/35?
DeadWeasel: i know we don't know, but what does your gut expect/
DeadWeasel: ?
DeadWeasel: ;;slap deadweasel
gribble: Error: timed out
DeadWeasel: Gribble!
DeadWeasel: don't die on me!
DeadWeasel: I need a good spank!
DeadWeasel: ;;slap deadweasel
DeadWeasel: relieved*
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.20000, Best ask: 27.22800, Bid-ask spread: 0.02800, Last trade: 27.20000, 24 hour volume: 153518.46183669, 24 hour low: 21.72100, 24 hour high: 27.25000, 24 hour vwap: 25.19122
DeadWeasel: dinner time tonight, 40-70kBTC dum
DeadWeasel: p
DeadWeasel: probably
DeadWeasel: if last night is any indicator
Diablo-D3: jesus what
assbot: [MPEX] [O.BTCUSD.P260T] 1000 @ 0.08972507 = 89.7251 BTC [-]
assbot: [MPEX] [O.BTCUSD.P250T] 1000 @ 0.07128309 = 71.2831 BTC [-]
assbot: [MPEX] [O.BTCUSD.P240T] 1000 @ 0.05592943 = 55.9294 BTC [-]
maximian: http://blog.reddit.com/2013/02/new-gold-payment-options-bitcoin-and.html
maximian: This will make a news splash for sure
mircea_popescu: o hey
mircea_popescu: somewhatbashful will love that1.
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.04308293 = 43.0829 BTC [-]
mjr_: why is there going to be a dump?
jurov: a day ago or so 250k ask wall shortly appeared on mtgox
jurov: if it wasn't shoped, it's likely it's perparing for dump
mircea_popescu: http://www.btcguild.com/halloffame.php
Lyspooner: i'm trying to buy reddit gold with my bitcoin gems. someone help!
mircea_popescu: alleged asicminer 2.2th
jurov: ;;sell 250000
gribble: (sell <amount> <thing> [at|@] <priceperunit> <otherthing> [<notes>]) -- Logs a sell order for <amount> units of <thing, at a price of <price> per unit, in units of <otherthing>. Use the optional <notes> field to put in any special notes. <price> may include an arithmetical expression, and {mtgox(ask|bid|last)} to index price to mtgox ask, bid, or last price. May also include expression of (1 more message)
kakobrekla: 15 blocks found by it
jurov: ;;bc,sell 250000
gribble: Error: "bc,sell" is not a valid command.
mjr_: oh wow, so asicminer is doing good i guess
mircea_popescu: by now it's 1/3 of the whole pool
mircea_popescu: and if indeed they have 12th it will be 16th in btcguild out of 37th total
mircea_popescu: closing in on 50%
mircea_popescu: Network total 23.541 Thash/s atm, which is even worse.
mircea_popescu: and makes the 2th figure look like shenanigans really.
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.25414, Best ask: 27.30710, Bid-ask spread: 0.05296, Last trade: 27.50000, 24 hour volume: 157549.28385180, 24 hour low: 21.72100, 24 hour high: 27.50000, 24 hour vwap: 25.25535
kakobrekla: ;;bc,convert eur
gribble: 1 BTC = 27.50000 U.S. dollars = 20.6348015 Euros
maximian: I think with this news, it's going to $30 for sure
mircea_popescu: why so ?
maximian: fresh injection of hype
mircea_popescu: a that
mircea_popescu: ya
assbot: [MPEX] [S.MPOE] 6250 @ 0.0006375 = 3.9844 BTC [-]
assbot: [MPEX] [S.MPOE] 11450 @ 0.000637 = 7.2937 BTC [-]
assbot: [MPEX] [S.DICE] 500 @ 0.00627988 = 3.1399 BTC [-]
assbot: [MPEX] [S.DICE] 650 @ 0.00628 = 4.082 BTC [+]
mod6: ;;market --sell 250000
gribble: A market order to sell 250000 bitcoins right now would net 3327608.8468 USD and would take the last price down to 2.2000 USD, resulting in an average price of 13.3104 USD/BTC.
gigavps: https://bitcointalk.org/index.php?topic=144046.0;topicseen
mod6: wow. if that happens, i be buying.
jurov: reddit lulz "67117 identity reviled, it's asicminer"
mircea_popescu: jurov they said so iirc
jurov: they're reviled
Diablo-D3: I thought we already knew this?
jurov: ;;ud reviled
gribble: http://www.urbandictionary.com/define.php?term=reviled | 1. to assail with contemptuous or opprobrious language; address or speak of abusively. 2. to speak abusively.
mircea_popescu: hahaah owned me.
mircea_popescu: thought you misspelled revealed.
mjr_: reddit just started accepting bitcoins
mjr_: going through coinbase
mircea_popescu: yeh
mjr_: so now, if every redditor at least just sees the option if they go to pay
mjr_: they will at least think, oh that's a thing
mjr_: could be big publicity
assbot: [HAVELOCK] [SDICE] 5 @ 0.739 = 3.695 BTC [+]
mircea_popescu: that'd actually be pretty cool.
mjr_: it makes sense for them
mjr_: even just offering the option...
mjr_: exposure
mjr_: gonna start an email campaign...now
maximian: this is crazy good publicity
maximian: perhaps the most important news event since the Silk Road story on Gawker
nanotube: what's this, reddit takes bitcoins now? nice :)
mjr_: yeah
mjr_: i'm sure not everyone even uses reddit gold
mjr_: and those that do may not even choose to use btc
mjr_: but at least they will have heard of it now
mjr_: i think if many people push to get online content providers to offer it
mjr_: netflix, hulu plus, spotify, pandora, etc
mjr_: that would be very nice
mjr_: and it fits in very well with their model
mjr_: though it would be nice if there was a wallet that did recurring payments
nanotube: mjr_: cool. /me doesn't use reddit, but i hear it's pretty big.
nanotube: also, wallet with recurring payments... that's called a cronjob :D
maximian: bitcoin sentiment is shifting from "lolz… monopoly money" to "wtf? really?"
mjr_: yeah, the bitcoin channel is ok, though not super smart financially speaking
mjr_: exactly
nanotube: though really i'm not sure i'd want to do any recurring payments automatically.
mjr_: and i know cron jobs :( so like i said we need a wallet with recurring payments
nanotube: there's a protocol being developed for payment requests and receipts and stuff, that would probably be pretty good for it.
mjr_: sweet
mjr_: just saying that would be a great feature to offer a netflix
mjr_: they love recurring monthly stuff vs they have to choose to pay each month
mircea_popescu: maximian exactly.
nanotube: yes, it's good for the seller, bad for the buyer....
nanotube: (i.e., a lot of those guys count on people forgetting to cancel)
mircea_popescu: http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
mircea_popescu: dat cock.
nanotube: howdy mircea_popescu :)
mircea_popescu: hey!
mjr_: yeah, i mean, that is kinda on the buyer
mjr_: you don't like, you cancel
mjr_: but, i kinda appreciate not having to think about netflix, just automatically take my $7...if i had to call or actually do something...probably wouldn't be worth the effort
mircea_popescu: mjr_ prolly can have an app.
mjr_: true
mjr_: by the way...notice that reddit went through coinbase...
mjr_: i think they will do better as online wallet/vendor support than as actual bitcoin exchange
mjr_: TBH, it is my second least favorite method after mt gox
mjr_: is there a way to tweet a bitcoin at someone?
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006394 = 2.7628 BTC [+]
assbot: [MPEX] [S.MPOE] 14779 @ 0.00063957 = 9.4522 BTC [+]
mod6: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.50000, Best ask: 27.00000, Bid-ask spread: 0.50000, Last trade: 26.50000, 24 hour volume: 162182.55852551, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.32592
mod6: hmmm
assbot: [MPEX] [S.MPOE] 3517 @ 0.00063744 = 2.2419 BTC [-]
mjr_: ok...
mjr_: so i went to suggest to netflix
mjr_: had to live chat cuz i couldn't find an email address
mjr_: he said they don't have one for suggestions
mjr_: but that he could relay my suggestion
mjr_: so i said my first suggestion is that you get an email address for suggestions
mjr_: second suggestion, accept bitcoins
mod6: lol
mircea_popescu: wrong order.
mod6: nice
mjr_: lol
mjr_: well...i want to be able to try and get a bunch of people to email
mjr_: cuz getting them to chat with jason will be tougher
mircea_popescu: lol
mircea_popescu: this shit's so unreal. from 14 to 28 in a month ?
mircea_popescu: srsly ?
mjr_: i had the time and thought this guy would be like wtf
mjr_: he was like, ah i haven't heard of that in a while
mod6: it seems like every new leg up is met with a round of selling though. and it marches on...
mjr_: yep
mjr_: saw a great article on the rally
mircea_popescu: mod6 yup
pigeons: jurov: the wall wasn't shopped, i saw it
mircea_popescu: this cvan not but end up in tears.
mjr_: http://bitcoinmagazine.com/13-to-26-exploring-the-bitcoin-rally/
pigeons: i dont think bitcoinmagazine links are allowed in here
mjr_: this time (i believe) it is based on greater adoption and publicity
mjr_: oops sorry
mjr_: did not realize that
mjr_: !help
assbot: List of commands:
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO)
assbot: [MPEX] [S.MPOE] 21 @ 0.00063957 = 0.0134 BTC [+]
assbot: [MPEX] [S.MPOE] 2353 @ 0.00064037 = 1.5068 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00064051 = 0.6405 BTC [+]
assbot: [MPEX] [S.MPOE] 9326 @ 0.00064052 = 5.9735 BTC [+]
mircea_popescu: mjr_ he's trolling you
mircea_popescu: "Market prediction is a difficult thing; if it were easy, Bitcoin would have immediately jumped all the way to some final price back in 2009. Perhaps the best strategy for most of us is to simply wait and see."
mircea_popescu: ironically... that's what apparently happened to s.mpoe.
mjr_: anyway, by any metric you choose, they are growing everywhere, blog mentions, google trends, SR users, SR items for sale, overall volume
mircea_popescu: it went way up and since then it's been roughly stable
mjr_: lol yeah
mjr_: no one can predict and i don't even want to
mircea_popescu: just going by how annoyed somethingbashful is tho...
mircea_popescu: pretty funny.
mjr_: but i can see baseless tulip stuff vs growing interest
mircea_popescu: " It's just a neat piece for people to talk about to feel tapped into the pulse of the Internet without actually having to do it. "You hear about that internet currency? Yeah it's pretty neat huh" and that's the end of it. It's just a filler piece, a blurb, not really a publicity piece.
mircea_popescu: There's nothing actually newsworthy about bitcoin at this point except in drug law and so on. Drugs aren't really "in" right now in the news cycle. Now, if someone started selling unregistered guns with extended magazines using bitcoin. . ."
mircea_popescu: bitcoin isn't really happening volume 349578349
mjr_: is that counting other exchanges and coinbase?
mircea_popescu: "When this bubble bursts it won't be newsworthy because nothing of importance will be lost. There will be a few articles on Gawker or whatever but nobody will really report on this. Bitcoin will die slowly, fading into obscurity as the last true believer tries to tell his son with his dying breath "there's always money in the bitcoin shack," not realizing his son mothballed that loving shack years ago because it was st
mircea_popescu: upid makework and the solar panels powering it could be used for something fruitful."
mircea_popescu: sweet sweet tears lol
mjr_: hahahaha
mjr_: i mean, changing the world and the financial systems, giving people a more democratic method of payment, giving them power...that is all well and good...i really just want to see SA cry
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064049 = 2.7676 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006405 = 2.7676 BTC [+]
assbot: [MPEX] [S.MPOE] 6125 @ 0.00064052 = 3.9232 BTC [+]
assbot: [MPEX] [S.MPOE] 11400 @ 0.00064108 = 7.3083 BTC [+]
assbot: [MPEX] [S.MPOE] 6380 @ 0.00064182 = 4.0948 BTC [+]
assbot: [MPEX] [S.MPOE] 4553 @ 0.00064311 = 2.9281 BTC [+]
mircea_popescu: it's their interwebs forum, they can cry if they want to .
mircea_popescu: certainly better than mangosteencoin tho.
mircea_popescu: which i think is the real problem here.
mircea_popescu: "I really hope asicminer brings all their stuff online, takes control of the network and pushes all the other mining pools out of existence by increasing the difficulty beyond profitability for anyone without their own ASICs. People desert Bitcoin in droves, the price crashes and ASIC owners are left holding the bag of worthless Bitcoins and useless, expensive hardware."
mircea_popescu: this was totally the best interwbs report so far.
mircea_popescu: so full of butthurtcoin...
mod6: yeah. these guys have epic amounts of butthurt.
mod6: this is all stuff from SA huh?
mircea_popescu: Someone did the math some minutes ago on the BFL chat how much a single Jalapeno would earn per day if everyone rolls out as intended and the difficulty matches that hashrate.
mircea_popescu: It's "0.025152 - 0.037728" BTC per day. Yup, your 150$ device makes 4 to 6 cent a day (at pre bubble burst prices).
mircea_popescu: also can not math any.
mircea_popescu: which is somewhat not surprising, i guess they're mostly the liberal arts/community college folks with a lot of debt and degrees in whore/nigger studies right ?
mod6: yeah
assbot: [HAVELOCK] [SDICE] 4 @ 0.74 = 2.96 BTC [+]
mjr_: lol
mjr_: they are only going to have half the hashing power of the avalons
mircea_popescu: if indeed avalon delivers anything eventually then its kinda perfect that asicminer came online first
mircea_popescu: 25 + 12 + 18 best way for this to play out
mjr_: avalon has been online
mjr_: 2 of them
mjr_: i saw one in person
mircea_popescu: nah, they sent like 60 units which are awol/possibly confiscated/stuck in customs/who knows
mjr_: watched it hash, (well not actually the bits, but it was on)
mircea_popescu: and the rest are stuck in ny celebrations
mjr_: yeah the first batch is not "wild" yet
mjr_: but the 2 PoC are
mircea_popescu: well yes
mjr_: will BFL ever deliver
mircea_popescu: actually im kind of curious if inaba REALLY thinks he;ll be able to walk away from the eventual bfl blow up
mircea_popescu: especially after what happened to buzz dave.
mjr_: do you know what exchange asicminer is going to be on?
mircea_popescu: http://blockchain.info/pools
mircea_popescu: it also seems the btc guild thing was judicious
assbot: [HAVELOCK] [KCIM] 1 @ 0.999999 BTC [-]
mircea_popescu: i wonder if the next 4th go to slush
mircea_popescu: mjr_ they're developing their own last i heard.
mjr_: interesting
Lyspooner: when did those 23, 24, 25, 26 puts trade mircea_popescu
mircea_popescu: yest and earlier.
mircea_popescu: the forum is abuzz with commentary.
mircea_popescu: https://forums.butterflylabs.com/bfl-forum-miscellaneous/952-new-account-page-website-shows-your-orders-11.html#post14508 that shit's pretty good.
mjr_: think idiff futures are a good call?
mircea_popescu: mjr_ well... i dunno.
mircea_popescu: kinda wide spread on them
mircea_popescu: i imagine sooner or later someone competent - maybe a miner - will start mming them
mjr_: by the way
mjr_: at current price, we may have broken 300 mil
mjr_: 280 using average which is around 25
mjr_: think there is at least another 20 mil for $2....
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.95326, Best ask: 26.99997, Bid-ask spread: 0.04671, Last trade: 26.95326, 24 hour volume: 162515.40000499, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.34225
mircea_popescu: ;;calc 10.780*25.34225
gribble: 273.189455
mircea_popescu: not yet
Lyspooner: what about the 20EUR/BTC mark?
Lyspooner: that's right here
mircea_popescu: thaty's done
mjr_: no, not using vwap, using mt gox last i meant
mjr_: not official
mjr_: but getting there
Lyspooner: the euro's still around? jesus
mod6: haha
mircea_popescu: Lyspooner don't hate, i bought some homeless chicks pizzas with bitcoins like yest.
Lyspooner: some homeless chicks' pizzas more like it
Lyspooner: ruthless!
mircea_popescu: well they claimed they were students but i dunno...
mircea_popescu: fuck. i said with bitcoins
mircea_popescu: I meant with EUROs
mircea_popescu: jesus it's falling into irrelevancy.
mod6: ahhh
Lyspooner: ok makes sense now
mjr_: yeah, think a few of them want out of the eurozone
mod6: i was wondering if you used the pizza.itradebtc.com thingy
mircea_popescu: no, i used a street vendor
Lyspooner: i did pizzaforbitcoins, it is worthless