mircea_popescu: i'll tell you something definite, i'm getting about one person a day hitting me up about advice as to how to go into bitcoin business
mircea_popescu: most people who aren't involved in btc
mircea_popescu: so the word is surely spreading
Lyspooner: how *do* you go into bitcoin business?
mircea_popescu: same as anything else, you let it ferment...
assbot: [MPEX] [S.MPOE] 804 @ 0.00063744 = 0.5125 BTC [-]
Lyspooner: that's wine
assbot: [MPEX] [S.MPOE] 8100 @ 0.00063717 = 5.1611 BTC [-]
mircea_popescu: a sorry.
assbot: [MPEX] [S.MPOE] 1004 @ 0.00063701 = 0.6396 BTC [-]
assbot: [MPEX] [S.MPOE] 692 @ 0.000637 = 0.4408 BTC [-]
mircea_popescu: you come up with an idea, you assemble a team, you start implementing it...
mjr_: yeah, unfortunately you still have to have an idea
mjr_: step 1: bitcoins
mjr_: step 2: ???
mjr_: step 3: profit
mjr_: i feel like that is on at least a hundred VC's whiteboards right now
iz: step 2: evade local tax/gambling/trading laws somehow..
jurov: um, where do i assemble a team everyone is like, has to sustain wife and kids, paying mortgage and scared shitless
jurov: of what i;m saying about mpex
jurov: almost as if there was exactly one crazy fool like me on this rock
Namworld: You're alone, jurov. All alone. The rest is but an illusion.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063719 = 2.7533 BTC [+]
assbot: [MPEX] [S.MPOE] 12472 @ 0.000637 = 7.9447 BTC [-]
jurov: go away you bot
assbot: you go.
Namworld: So is everyone on the we're gonna be rich bandwagon or do people expect a bubble to pop at any moment by now?
kakobrekla: if there will be widespread adoption price has to go up
kakobrekla: that is a fact
kakobrekla: now go play around it
Lyspooner: namworld it's not about the price relative to fiat
Lyspooner: it's about replacing fiat
Lyspooner: bitcoin rich is all that matters
mjr_: well
mjr_: i agree that is the ultimate goal
Lyspooner: k cool then
mjr_: however, there will be quite a bit of time before we can pay rent in btc
mjr_: or our bosses will pay us in btc
Namworld: So everyone finds the current price rise normal?
mjr_: lol what is normal
mjr_: its insane
mjr_: but i think the adoption and publicity has exploded as fst
mjr_: my friend who owns a coffee shop in soho tentatively agreed to accept bitcoins
mjr_: pending implementation details etc
Namworld: by adoption, you mean people buying in on the hype or actual people buying because they need to spend bitcoins on a service/actually use bitcoins?
mjr_: both
kakobrekla: mjr_ go read http://trilema.com/2013/bitcoin-prices-bitcoin-inflexibility/
mjr_: cool article
mjr_: but i don't think it will be that quick
mjr_: again, you can't buy a new car, pay loans etc with btc
mjr_: so there will always be room for exchange
mircea_popescu: seems jurov is one step ahead of the curve
mjr_: fuck, you can't even get by in the world using only the dollar
mjr_: apple has to pay foxconn using yuan
mircea_popescu: Lyspooner thing is even 1k btc makes you bitcoin rich
mjr_: exchange will always happen, price will rise
mjr_: but eventually stabilize at whatever the market decides
mjr_: if anyone, anyone at all, can tell me they do not use fiat at all for any reason, then i will be surprised
Lyspooner: mircea_popescu yes, i agree. people should strive to get 1000 BTC if they don't have it already
mircea_popescu: indeed.
mircea_popescu: there's no going to be more than like 20k of those
mircea_popescu: which if you think about it... being in the top 20k ppl is pretty much being very rich
mjr_: very true
mjr_: but take my friends coffee shop
mircea_popescu: mjr_ are you familiar with that theory of investing whereby early on in your investing life you should never sell assets, to avoid the spreads, but simply buy something else and change portofolio that way ?
mjr_: he can peg the cost in btc to the dollar
mjr_: seems familiar
mircea_popescu: okay.
Lyspooner: that's good advice since you set the spreads ;)
mjr_: but you can market make
mircea_popescu: from my pov i am simply conserving btc portofolio and using my fiat assets to discharge all obligations
mjr_: yeah
mircea_popescu: on the net this reduces my fiat footprint over time.
mjr_: very true and that is the way to go, if you have a lot of btc
mircea_popescu: so in a sense, albeit very synthetically, i am paying for everyting in bitcoin
mjr_: many (most) don't have as many as you
mjr_: and eventually...paper money needs to be spent or it is really worthless
mircea_popescu: right.
mjr_: so either you buy a coffee using your bitcoins
mjr_: releasing them into the supply
mircea_popescu: gersham's law still hasn't been repealed.
mjr_: or you exchange and then buy the coffee releasing them into the supply
Lyspooner: *gresham
mjr_: assuming you drink coffee
mircea_popescu: ty lypsooner!
mjr_: my point being, if you run out of cash, you still must spend somewhat
mjr_: and you will spend btc
mjr_: if everyone could hoard all their assets forever, everyone might do that, but life costs money
assbot: [MPEX] [S.MPOE] 1197 @ 0.00064311 = 0.7698 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064541 = 2.7888 BTC [+]
assbot: [MPEX] [S.MPOE] 7300 @ 0.00064542 = 4.7116 BTC [+]
assbot: [MPEX] [S.MPOE] 7482 @ 0.00065194 = 4.8778 BTC [+]
mjr_: so, i think the two are mutually dependant
mircea_popescu: i think by 2100 or so i'll be out of fiat assets
mjr_: if no one can buy or sell with bitcoins, their value drops
mjr_: LOL
mircea_popescu: by then i guess spending btc may well be safe
mjr_: my point is that the transition can be done whereby you generate revenue in btc and spend btc
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.04105003 = 41.05 BTC [-]
mircea_popescu: <mjr_> if no one can buy or sell with bitcoins, their value drops << this is absolute nonsebnse.
mircea_popescu: all through the history, when silver was overpriced by fiat, gold was hoarded
mjr_: ok...if there is absolutely no trade in bitcoins
mircea_popescu: in all those instances people had the option to pay in gold
mircea_popescu: they never exercised it
mjr_: ie. i cannot spend my bitcoins or gain something from them
mircea_popescu: that DID NOT drop the price of gold
mjr_: yes, but gold had a *little* more history
mircea_popescu: so ?
mjr_: and was not trying to prove itself
mircea_popescu: this is like saying you like this chick because she has more history.
mircea_popescu: i never heard that 1.
mjr_: so with no adoption, everyone just goes back to using fiat
mjr_: i can't buy from you using btc, i can't sell to you for btc
mjr_: ok, to me btc doesn't exist
mjr_: you have paper profits
mircea_popescu: you could, you just don't want to.
jurov: lol, gonna fund some research to be able to stay here till 2100
mjr_: ok, so my point is you *could*
mjr_: if you don't, you cease trade
mjr_: if you do, you release bitcoins back into the economy
mjr_: ie. if japan hoarded yen, we couldn't buy there shit
mjr_: their*
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065186 = 2.8167 BTC [-]
mjr_: so the yen falls in value since everyone stops caring
assbot: [MPEX] [S.MPOE] 1279 @ 0.00065194 = 0.8338 BTC [+]
mjr_: and writes them off as part of the economy
mircea_popescu: that's not how things work.
mjr_: when liquidity is very low, pricing assets becomes very hard
mjr_: with 0 liquidity, it becomes impossible
mircea_popescu: did you read the above about gold ?
mjr_: ie. what price is someone willing to pay, i don't know because i am not willing to sell *at any price*
assbot: [HAVELOCK] [SDICE] 10 @ 0.74449999 = 7.445 BTC [+]
mircea_popescu: it wasn't at all impossible to price anything, even tho gold liquidity was 0
mircea_popescu: because silver liquidity acted as a proxy
mjr_: it was never 0
mjr_: ah ok
mjr_: true
mircea_popescu: this is how this works
mjr_: and there are other crypto currencies
mircea_popescu: even if not a single bitcoin is used to DIRECTLY buy services
mircea_popescu: fiat proxyes it
mjr_: in fact, litecoin was meant to be the silver
mjr_: that is possible too, but only if people want to
mjr_: you could use fiat to proxy it
mjr_: my point is simply this
mjr_: if every seller refused to part with their bitcoins at any price
mjr_: people would move on
mircea_popescu: something like, if women refused to suck cock no matter what
mjr_: at this point right now i mean
mircea_popescu: people'd stop having sex.
mircea_popescu: that ?
assbot: [MPEX] [S.MPOE] 14750 @ 0.00065194 = 9.6161 BTC [+]
mjr_: if every woman refused to have sex, yes there would be no more sex barring rape
mircea_popescu: aha.
mircea_popescu: so then, there's your answer.
mircea_popescu: if holders refused to part with their btc at any price
mjr_: ah, you are saying people will forcibly take your bitcoins?
mircea_popescu: then likely most fiat would go into stealing bitcoins.
mjr_: that is my point
mjr_: my point is that if i said i refuse to part with my dollars for anything in return
mjr_: what use would my dollars be?
mjr_: i can't eat
mircea_popescu: same as always.
mjr_: there is no amount of food i would take in compensation for my dollar
mjr_: no service
mircea_popescu: the use of your dollars is not a function of what you do or don't do.
mircea_popescu: that's why they're dollars.
mjr_: my point is that money that can't/won't be spent is worthless
mircea_popescu: ya, i get that, but it happens to be wrong.
mjr_: if you say so
mircea_popescu: people are easily seduced by this "we the people"
mjr_: no
mircea_popescu: it's not the will of the people that enacts the value of currency.
mjr_: i'm saying, in order to get something, i spend money
mjr_: that is how a market works
mjr_: if you refuse to trade, there is no market
mjr_: hence you get nothing
mircea_popescu: nah.
mircea_popescu: you get courted.
mjr_: i said at any price
mircea_popescu: yeah.
mircea_popescu: you still get courted.
mjr_: so they can offer whatever they want
mjr_: you would say no
mircea_popescu: what, you think people don't wolfwhistle the girl who wants to be a nun ?
mjr_: and then starve to death
atweiden: !help
assbot: List of commands:
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO)
mjr_: what you are saying is..."i can spend no resources and yet get everything i need"
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063726 = 2.7536 BTC [-]
assbot: [MPEX] [S.MPOE] 26979 @ 0.00063701 = 17.1859 BTC [-]
mjr_: sounds like a free lunch to me
mircea_popescu: no, im just sayingthat the value of my resources isn't a function of what i do or not do.
mjr_: ok, you are entitled to value them however you want
mircea_popescu: not me.
mjr_: unless that "value" is activated through a market, it doesn't matter
mircea_popescu: teh invisible abaccus.
mircea_popescu: a "market" doesn't have to mean what you think it means.
mircea_popescu: there's a market even if nobody is trading anything.
mjr_: i suppose
mjr_: my point is, are you saying people will give you something for nothing in return?
mircea_popescu: prolly not.
mjr_: ok
mircea_popescu: well, me, prolly they will cause im cool and all. but as a general rule no
mjr_: so we agree
assbot: [BTCTC] [B.YABMC] 30 @ 0.02369 = 0.7107 BTC [+]
mjr_: hehehe
mjr_: good point
mjr_: so my point is that you will have to give something up to get something
mjr_: doesn't have to be btc
mjr_: but it would have to be something
mircea_popescu: okay
mjr_: if all you have is btc and your 24 hours a day
mjr_: you can work....
mjr_: that's fine
mjr_: but to me defeats the purpose of building up wealth
mircea_popescu: ok, so you spend some btc then
mjr_: so i can work to feed myself
mjr_: ok, so now btc is flowing
mjr_: very expensive
mjr_: but still...satoshi's are now worth $100
mjr_: and the market keeps working
mjr_: this is like the story of midas lol
mircea_popescu: lol
mjr_: what if everything you touched turned to gold
mjr_: you would die the richest person in the world
mjr_: it's funny that few actually remember the moral of that story
mjr_: which is that midas was cursed
mjr_: and hated life
mjr_: because he was alone and couldn't touch anyone, or eat anything, classic greek god punishment
Lyspooner: cool story
mjr_: if i remember correctly, he killed his daughter by touching her
mircea_popescu: imagine the midas asicminer
mjr_: hahaha
mjr_: yes
mircea_popescu: it does 15th/s and uses no power
mircea_popescu: but...
mircea_popescu: if you plug it in it turns your computer to worthless gold!!!
mjr_: hahahahaa
mjr_: could you make a gold computer?
mircea_popescu: nah
mjr_: i think you could...it is conductive...
mjr_: nah you are right
mircea_popescu: semiconductors require semiconductance
mjr_: no substrate for the chips
mjr_: you could make a mechanical computer i suppose but would be quite slow
mircea_popescu: in fact computers are an item that can not be made of any single material
mircea_popescu: need 2
Lyspooner: http://i.imgur.com/tbEQR4g.jpg
mircea_popescu: haha
mjr_: good point
mjr_: babbage's machine
assbot: [MPEX] [S.MPOE] 1461 @ 0.00065194 = 0.9525 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065325 = 2.8227 BTC [+]
assbot: [MPEX] [S.MPOE] 8200 @ 0.00065326 = 5.3567 BTC [+]
assbot: [MPEX] [S.MPOE] 4693 @ 0.00065356 = 3.0672 BTC [+]
mod6: an otter! :D
mircea_popescu: the bashies continue to deliver!
mircea_popescu: "I went through the shoutbox archives and it turns out that engineer has been trying to figure out how their boundary scan tester works unsuccessfully for 3 straight days now. You kinda need that thing to figure out if the chips work correctly and if they don't why they don't work correctly."
mircea_popescu: this apparently culled from bfl shoutbox.
pigeons: well someone linked this the other day i think http://www.citizen-citizen.com/collections/all/products/gold-pills
assbot: [MPEX] [S.MPOE] 307 @ 0.00065356 = 0.2006 BTC [+]
assbot: [MPEX] [S.MPOE] 11293 @ 0.00065357 = 7.3808 BTC [+]
mircea_popescu: online story mambo #5
mircea_popescu: seems legit
mjr_: anyway, see you guys later tonight
mjr_: i'm off to the bar
mjr_: :)
Namworld: are we still going up?
Namworld: This is not going to end well...
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.00244, Best ask: 27.02134, Bid-ask spread: 0.01890, Last trade: 27.00244, 24 hour volume: 159173.80620676, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.36964
mircea_popescu: bout same
jurov: just watching TPB AFK.. interesting
jurov: lol they speak my soul "i wanted to play with things i could never afford on my own"
maximian: there's a theory floating around that the recent runup may have had something to do with Reddit insiders doing a little speculating before todays announcement.
kakobrekla: i have a theory about that theory
maximian: heheh… just some fun speculatin'
Lyspooner: redditors don't have that kind of dough
Lyspooner: http://m.theglobeandmail.com/sports/more-sports/pistorius-nike-ad-i-am-the-bullet-pulled-from-local-television/article8665278/?service=mobile
Lyspooner: poor taste
assbot: [MPEX] [S.MPOE] 507 @ 0.00065357 = 0.3314 BTC [+]
assbot: [MPEX] [S.MPOE] 14600 @ 0.00065378 = 9.5452 BTC [+]
assbot: [MPEX] [S.MPOE] 2550 @ 0.00065378 = 1.6671 BTC [+]
swhitt: 300 btc bid at 0.006 on s.dice now
mircea_popescu: why is that wow ?
mircea_popescu: maximian since when do reddit insiders have money ?
mircea_popescu: bah Lyspooner beat me to it
swhitt: not wow
Lyspooner: now
Lyspooner: mircea's watching porn again or something
mircea_popescu: i misread :D
mircea_popescu: so wait, "paralympian" is now a legitimate title ?
Lyspooner: i used to watch the bitcoin show with bruce wagner
Lyspooner: don't know if you saw the news mircea_popescu, but that legless man shot his hot girlfriend in the face this morning and killed her
assbot: [MPEX] [S.MPOE] 1693 @ 0.00065378 = 1.1068 BTC [+]
mircea_popescu: what the fuck is next, John Dork, fabled Sykrim Warlock ?
Lyspooner: and it looks like he doesn't have a leg to stand on
mircea_popescu: it wasn't in my feed
mircea_popescu: ahahaha
mircea_popescu: ok that makes me half sorry i didn't see it.
Lyspooner: the rumor is that she wanted to give him a valentine's day surprise, and being a south african, he mistook her for an intruder and shot her face off
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.19682, Best ask: 27.24900, Bid-ask spread: 0.05218, Last trade: 27.19682, 24 hour volume: 157796.67033685, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.37989
mircea_popescu: Lyspooner right. let me see here, he's a gimp and she's a trophy
mircea_popescu: she wanted to do dp for valentine's and he mistook the two big guys for his wife
mircea_popescu: http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/2/14/1360871599159/South-African-sprinter-Os-010.jpg nice. ducklips and everything.
Lyspooner: the dude was born without fibulae
Lyspooner: i'd shoot her in the face if that happened to me, too
assbot: [MPEX] [S.MPOE] 4321 @ 0.00064918 = 2.8051 BTC [-]
assbot: [MPEX] [S.MPOE] 10654 @ 0.00064917 = 6.9163 BTC [-]
assbot: [MPEX] [S.MPOE] 7984 @ 0.000637 = 5.0858 BTC [-]
mircea_popescu: The South African FHM model
mircea_popescu: its incredible how ready to serve the prurient interest the web is.
mircea_popescu: "PHOTOS: Reeva Steenkamp's modeling pictures " as an article insert
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063723 = 2.7535 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00063719 = 2.7533 BTC [-]
assbot: [MPEX] [S.MPOE] 3908 @ 0.00063708 = 2.4897 BTC [-]
assbot: [MPEX] [S.MPOE] 2107 @ 0.00065102 = 1.3717 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065581 = 2.8338 BTC [+]
assbot: [MPEX] [S.MPOE] 2472 @ 0.00065582 = 1.6212 BTC [+]
mircea_popescu: ;;ticker
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065552 = 2.8325 BTC [-]
gribble: BTCUSD ticker | Best bid: 27.23301, Best ask: 27.27116, Bid-ask spread: 0.03815, Last trade: 27.23300, 24 hour volume: 147220.28636604, 24 hour low: 21.72100, 24 hour high: 27.59690, 24 hour vwap: 25.44526
assbot: [MPEX] [S.MPOE] 4679 @ 0.00065582 = 3.0686 BTC [+]
assbot: [MPEX] [O.BTCUSD.P230T] 1000 @ 0.03984163 = 39.8416 BTC [-]
Namworld: Yeah, I sold two blocks of 1000 puts at a loss. I think I'll stop there.
Namworld: I want to try to get puts higher at the top... looks like we're still a bit far from the top
Namworld: Maybe get puts around 30 USD/BTC
Namworld: I think I should have waited for that instead.
Namworld: might be a bit risky...
Diablo-D3: I wouldnt need a lawyer to register an llc, would I?
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065573 = 2.8334 BTC [-]
BitHub: no
assbot: [MPEX] [S.MPOE] 7849 @ 0.00065582 = 5.1475 BTC [+]
BitHub: tho, it couldn't hurt
assbot: [BTCTC] [BTC-BOND] 200 @ 0.01 = 2 BTC [+]
Namworld: Some people have trust in me, lending at 10.95% per year it seems.
jurov: congrats.. they are not s.bvps shareholders, i guess.
mircea_popescu: Diablo-D3 its prolly best to have someone else handle it
mircea_popescu: in most places you need an agent of record anyway
Diablo-D3: mircea_popescu: yes, but in maine it just has to be someone living here
mircea_popescu: ya but as in all endeavours, you're best off interacting with a professional.
mircea_popescu: im sure they have llc reg services there too.
Diablo-D3: those cost money
mircea_popescu: without money you don't need a llc anyway
Diablo-D3: silly mircea_popescu, trolling is for kids
mircea_popescu: i am serious.
assbot: [MPEX] [S.DICE] 1000 @ 0.00608 = 6.08 BTC [-]
assbot: [MPEX] [S.DICE] 45690 @ 0.006 = 274.14 BTC [-]
mircea_popescu: if the cost of registering a llc is an issue then you shouldn't make one
assbot: [MPEX] [S.MPOE] 9338 @ 0.00065595 = 6.1253 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00065595 = 0.656 BTC [+]
assbot: [MPEX] [S.MPOE] 4212 @ 0.00065596 = 2.7629 BTC [+]
Diablo-D3: mircea_popescu: lawyers cost thousands of dollars
Diablo-D3: registering an llc doesnt
mircea_popescu: it's like a hundred or w/e. you don't need a lawyer like on retainer in any case
jurov: Namworld: you are buying s.bvps at 0.00001014 ?
Diablo-D3: ;;calc 10000000 / 20
gribble: 500000
jurov: seems tomorrow at this time i'll be liquidating my client's holdings by selling at mkt price, you can't offer more?
BitHub: <mircea_popescu> ya but as in all endeavours, you're best off interacting with a professional. - good advice
BitHub: problem is mircea nobody wants to pay for anything haha
Namworld: I wouldn't liquidate at market price, we're moving to BTCT.co and we might just buyback shares
mircea_popescu: ya well.
pigeons: might
BitHub: i think a LLP is better than a LLC
Diablo-D3: BitHub: no it isnt.
Namworld: yeah, well we're a bit short on funds.
jurov: Namworld: "probably" "might" ? these solid plans of yours again, eh?
BitHub: its like a company but not so official and you get alot of benefits
Namworld: I can't make decisions for everyone, I'm not alone in this.
Namworld: But BitVPS is going very well.
Namworld: Within a year it should turn quite profitable.
jurov: so you three or four can't even decide on buyback price and just place mpex order?
jurov: not very good outlook for bitvps if you can;t agree on such simpel thing
Namworld: The others are broke. And I can't afford to buyback either.
Namworld: We'd like to buy back shares eventually.
BitHub: currently am thinking to completely shut down and unregister australian operations, keep everything personalized, keep everything in btc, never let the company touch fiat, might look into setting up offsore LLC with fake company directors (this is all perfectly legal)
jurov: why don't you sell on btct then?
jurov: ;;ticker btct bitvps
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid currency (1 more message)
jurov: !ticker btct bitvps
assbot: [BTCT:BITVPS] 1D: -- / -- / -- (0 shares, 0 BTC), 7D: -- / 0.0 / -- (0 shares, 0 BTC), 30D: -- / 0.0 / -- (0 shares, 0 BTC)
Namworld: Why sell?
jurov: cuz you're broke, lol
Diablo-D3: BitHub: you do realize, though, an LLP is a partnership, right?
Namworld: The individuals are broke. BitVPS is about breaking even.
BitHub: yes D3
BitHub: i am currently in a partnership
Namworld: We're buying servers with what we have to reduce monthly expenses.
Diablo-D3: yeah, see, I am not
Namworld: and condensing clients a bit.
BitHub: than a LLC is the next best thing
Namworld: The current servers are monthly rent and a bit empty
jurov: what does that have with selling shares?
BitHub: D3 we will probably upgrade from a LLP to a LLC if we do a offshore company.
Namworld: We're nto going to sell shares.
Namworld: Trading will resume when we're delisted and people start getting moved.
Namworld: as for low bids, I have low bids on everything, but that's my personal account and I put low bids on everything, as you might have noticed.
BitHub: i'm starting to think its better to not have your bitcoin company based where you live, better off having it in a tax haven sort of place or somewhere a bit protected from western laws. The biggest liability a bitcoin business gives you is the ability for the gov to fuck you for not doing your taxes properly
jurov: i'm not interested to protract this process. i'll just sell the stuf fat whatever price and send the users after you.
Namworld: yeah, must not fit nicely with coin.br
jurov: i was thinking you already started to move the shares, using MPEx PUSH function to accept shares to be moved to btct
jurov: and so i told the users
jurov: but you're waiting to muck with STAT verification instead...
Namworld: No
Namworld: I'll be accepting a signature from the same gpg key MPEx will give us.
Namworld: MPEx is supposed to give us a list of key with the amount of shares tied to it on delisting.
Namworld: A simple signature from the gpg key used for MPEx will suffice.
Namworld: We can even use email addresses to import, if your users give authorization for their email to be disclosed, + signature of your holdings
Namworld: and I'll manage their import to BTCT.co
jurov: Okay. Now, why this isn't announced in condensed form I can get an URL of, instead i have to collect this information from btctalk and irc?
Namworld: MPEx has no method to send announcement. Plus I'm here almost everyday. I think you know that by now. I haven't seen you asking before, although I see you here almost daily too =/
Diablo-D3: ;;calc 10000000 / 20
gribble: 500000
jurov: i was asking on btctalk... got less information than now, with plenty of "perhaps"
Diablo-D3: so hrm
assbot: [MPEX] [S.MPOE] 7000 @ 0.00065596 = 4.5917 BTC [+]
jurov: and your announcement about the bonds made me ask..
jurov: cuz i just can't understand why you're so lewd in communicating with shareholders
jurov: can't you just hire a $10 writer from freelancer to make a statement... oh you're broke i forgot
Diablo-D3: >$10
Diablo-D3: >freelancer
Diablo-D3: I cant imagine it coming out any better
Namworld: I'm not broke personally, but making a buyback at ~0.003 for all circulating shares, I can't do that right now.
Namworld: Neither is arij.
Namworld: But we don't have money aside for that either. Would take a good chunk.
jurov: i see. rg's contract says equity is 1200BTC (0.0012 BTC each)
jurov: he should pay then, no?
Namworld: If you want that, I suppose.
jurov: i don't have them anymore, no "wants" there.
jurov: just that he broke the contract, so i guess he's obliged to repay at least the equity to shareholders
Namworld: Still, seems preferable to handle a transfer and let each coinbr user decide what they want to do with theirs.
jurov: yes i gave them two options
jurov: http://www.bitcoinforum.com/coinbr-com/s-bvps-delists-soon-action-from-shareholders-required-till-february-15th/
jurov: sent also by email
jurov: almost 2 weeks ago and no one asked about transfer so far... so they'll be liquidated. punt.
Namworld: Ouch
Namworld: How many shares?
jurov: not many
Namworld: PM
jurov: it's users responsibility not mine.
jurov: what am i going to, create btct account? why?
Namworld: Not needed.
BitHub: wow guys, i cant believe someone actually paid me back on btcjam
BitHub: happy days.
assbot: [MPEX] [S.MPOE] 7200 @ 0.00065596 = 4.7229 BTC [+]
assbot: [MPEX] [S.DICE] 400 @ 0.0062799 = 2.512 BTC [+]
assbot: [MPEX] [S.DICE] 932 @ 0.00628 = 5.853 BTC [+]
assbot: [MPEX] [S.DICE] 4000 @ 0.0062999 = 25.1996 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00629999 = 6.3 BTC [+]
assbot: [MPEX] [S.DICE] 3561 @ 0.0063 = 22.4343 BTC [+]
assbot: [MPEX] [S.DICE] 10000 @ 0.00635 = 63.5 BTC [+]
assbot: [MPEX] [S.DICE] 107 @ 0.00639987 = 0.6848 BTC [+]
assbot: [MPEX] [S.DICE] 893 @ 0.00639987 = 5.7151 BTC [+]
assbot: [MPEX] [S.DICE] 2000 @ 0.00639989 = 12.7998 BTC [+]
assbot: [MPEX] [S.DICE] 2000 @ 0.00639998 = 12.8 BTC [+]
assbot: [MPEX] [S.DICE] 5000 @ 0.00639999 = 32 BTC [+]
assbot: [MPEX] [S.DICE] 10107 @ 0.0064 = 64.6848 BTC [+]
assbot: [MPEX] [S.DICE] 1574 @ 0.0064 = 10.0736 BTC [+]
assbot: [MPEX] [S.DICE] 700 @ 0.00640186 = 4.4813 BTC [+]
assbot: [MPEX] [S.DICE] 5000 @ 0.00641 = 32.05 BTC [+]
assbot: [MPEX] [S.DICE] 1700 @ 0.00674999 = 11.475 BTC [+]
assbot: [MPEX] [S.DICE] 11000 @ 0.0069 = 75.9 BTC [+]
burnside: Jurov, btct has enough of an api now that you could broker assets there too
burnside: you could go 3-legged and not have to do a central db/management
burnside: or just go 2-legged like you are with mpex
burnside: docs here: https://btct.co/faq?tab=tab5 ... they're a work in progress, but I'm happy to answer any questions.
burnside: I have a basic LAMP ready client you can download and pull apart, it's linked as a .zip on that page.
jurov: thanks, will consider it.
jurov: burnside you see for yourself: if this was planned/announced better in advance, i'd be aware sooner of all possibilities...
burnside: yeah, there's been lots of time to plan, announcement was some time ago.
burnside: communication could be better, no doubt.
kakobrekla: inaba delivery confidence speaks: 100 BTC that BFL will deliver ASICs. I only put the 2013 timeframe on there so there's a definitive endpoint to the bet, even though it will be over long before then.
kakobrekla: So, october it is, 2013 this time.
assbot: [BTCTC] [S.MPOE-PT] 9 @ 0.00067 = 0.006 BTC [+]
assbot: [BTCTC] [RSM] 1 @ 0.0099 BTC [+]
assbot: [MPEX] [S.MPOE] 41000 @ 0.00065596 = 26.8944 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065083 = 2.8122 BTC [-]
assbot: [MPEX] [S.MPOE] 7511 @ 0.00065079 = 4.8881 BTC [-]
assbot: [BTCTC] [GSDPT] 3 @ 0.00626 = 0.0188 BTC [+]
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.31002, Best ask: 27.40000, Bid-ask spread: 0.08998, Last trade: 27.40000, 24 hour volume: 106786.27768202, 24 hour low: 24.50000, 24 hour high: 27.59690, 24 hour vwap: 26.35512
mircea_popescu: kakobrekla by the time last block is mined bfl delivers fo sho.
kakobrekla: hehe
mircea_popescu: it may be juicers or toasters or something, not necessarily asics
BitHub: how can i maximize my investments?
mircea_popescu: but it will be SOMETHING!
BitHub: i would like to earn back 1btc a day
BitHub: what else can you do besides, investing and loaning?
mircea_popescu: that'd be it no ?
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 6 days, 0 hours, 19 minutes, and 27 seconds ago: <smickles> pong
BitHub: i'm not sure mircea
thestringpuller: Oh man where has he been it's been like a week
BitHub: maybe that's all i can do for now
BitHub: i'm meeting with business partner, going to show him mpex
thestringpuller: smickles: hey gimme a pong when you're back from vacation ;)
mircea_popescu: BitHub well, i mean in general speaking. bonds and equity, loans and investments. what else is there ?
BitHub: mining
assbot: [MPEX] [S.DICE] 100 @ 0.0065 = 0.65 BTC [-]
mircea_popescu: that's investing neh ?
thestringpuller: sell shit for bitcoins yo
thestringpuller: stop trying to be a speculator
thestringpuller: and laaazy
thestringpuller: why not just sell all your bitcoins and give your money to the government they know what is best for you
BitHub: haha k
mircea_popescu: i'd rather give it to strippers.
mircea_popescu: equally clueless but at least tits.
BitHub: i like giving money to women
BitHub: makes life so much easier
thestringpuller: I can't believe .04btc is a 1 USD now
mircea_popescu: fo reals.
mircea_popescu: anyway, im out. take care all.
BitHub: peace
jurov: lol the best one http://i.imgur.com/lVvXSEv.jpeg
mircea_popescu: lol
mircea_popescu: http://rt.com/news/meteorite-crash-urals-chelyabinsk-283/ meteor!
assbot: [MPEX] [S.MPOE] 2501 @ 0.00065521 = 1.6387 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065586 = 2.834 BTC [+]
assbot: [MPEX] [S.MPOE] 3578 @ 0.00065587 = 2.3467 BTC [+]
wao: ;; ticker
gribble: BTCUSD ticker | Best bid: 26.50300, Best ask: 26.62363, Bid-ask spread: 0.12063, Last trade: 26.62363, 24 hour volume: 71545.81308642, 24 hour low: 25.64000, 24 hour high: 27.59690, 24 hour vwap: 26.79017
mjr__: hey all
mircea_popescu: hi
assbot: [MPEX] [S.MPOE] 4388 @ 0.00065587 = 2.878 BTC [+]
assbot: [MPEX] [S.MPOE] 2412 @ 0.0006588 = 1.589 BTC [+]
thestringpuller: shouldn't you be doing something useful mr. popescu
mircea_popescu: if i ever figure out what it'd be.
thestringpuller: finding a surefire method for guys to get laid?
mircea_popescu: as long as the guys are me i kinda have that.
mircea_popescu: ahahah that works ?
mircea_popescu: sooo asicminer has like 70k usd in bills to pay ?
wao: how big
mircea_popescu: 70k + 70k actually.
mircea_popescu: smart of them that they have liabilities denominated in fiat tho.
BitHub: oh jesus
BitHub: oh well, have faith
BitHub: hopefully get some divs
BitHub: yeah true mirceas as the price of btc rises.
assbot: [MPEX] [S.MPOE] 3400 @ 0.00065562 = 2.2291 BTC [-]
mircea_popescu: this recent jump hel[ed them a lot.
mircea_popescu: 25 blocks * 25 btc = 20k rather than 10k
mircea_popescu: but still, they need 10x as much to break even on the various loans. who knows, maybe they make it.
BitHub: did you read friedcats update today?
BitHub: they'll probably raise alot of money once they sort out their share situation and actually put it on the market
BitHub: that's always good to have in your back pocket
mircea_popescu: well...
mircea_popescu: how do they raise money ?
mircea_popescu: their shares are already sold, at .1 each, for 40k btc.
mircea_popescu: back in june or w/e
BitHub: i think they got some more for this bitfountain thing
mircea_popescu: but they can't sell those ?
BitHub: and are holding alot themselves to sell later to raise money, plus a whole bunch of other things, friedcat just did a upgrade recently
mircea_popescu: basically asicminer ipod on a copy of mpex contracts
BitHub: let me look
mircea_popescu: the company always keeps half the shares
mircea_popescu: and the shareholders can buy the other half.
mircea_popescu: it's not quite as clearly stated as on mpex, but it's the principle.
BitHub: they would be silly to have sold out all their shares
BitHub: so so silly
mircea_popescu: they have tho
mircea_popescu: made 400k, sold 200k at .1 each for 20k btc
mircea_popescu: about 150k usd at the time
mircea_popescu: 100-150, something like that.
mircea_popescu: they may have ended up with some leftovers since glbse exploded and maybe some people didn't claim
mircea_popescu: but in any case i'd be surprised if it were much %wise
BitHub: https://bitcointalk.org/index.php?topic=99497.1700
BitHub: scroll down a bit
BitHub: This is what in our mind when doing the IPO:
BitHub: 1. One ASICMINER (A) share is one privileged share of our partnership (A+B) compared to Bitfountain (B) shares controlled by us founders.
BitHub: 2. The privileges (investor protection) are exactly the four ones listed in the main thread. Besides privileges, one ASICMINER share is no different to one Bitfountain share. This means that ASICMINER shareholders also pay for maintainance and re-investment, same as the rest of us three, while at the same time also enjoy the future benefits made possible from the maintainance and
BitHub: re-investment costs. This is why we stated that ASICMINER shareholders are always in a better position than any device buyers when the initial biggest risk disappeared.
BitHub: 3. The rest shares, when not sold, are kept and owned by Bitfountain. When they are sold, all income will be invested in our partner ship (A+B). This is what the non-dilution privilege of ASICMINER share means. They may be sold someday when the price is right and we need really big investment costs. But now the price is not fully appreciated in our point of view and the re-investment
BitHub: cost in the mid-term won't be so big that we have to sell them low.
BitHub: 4. About the portion concerns, we believe that the evaluation of (A+B) on IPO is fair to ASICMINER purchasers, because it's already much lower than most other startups seeking for angel investments. The investor protection clauses are also a pro. Of course, most angels/VCs will get more information and control, but we could still debate whether this aspect can neutralize the advantages
BitHub: from low evaluation and privileges.
BitHub: opps, sorry
mircea_popescu: what do you read into that ?
BitHub: you're the expert :P
BitHub: so they can sell shares to raise funds if they really need to i guess.
mircea_popescu: basically, they're very convolutedly going about implementing a mpex contract.
mircea_popescu: no, because they already issued and they promised not to dillute.
BitHub: 3. The rest shares?
mircea_popescu: "when"
mircea_popescu: afaik there's no actual shares in that group
BitHub: not till the price is right, or really needed
mircea_popescu: if there are any i'd be surprised there be very many.
mircea_popescu: afaik glbse listed them at 200k shares, so, that would be "all"
BitHub: but "bitfountain" will be owning them.
mircea_popescu: looky : this company already issued its shares, on glbse
mircea_popescu: they were privately held.
BitHub: correct
mircea_popescu: so... maybe some people didn't claim them, and so i guess they may revert to bitfountain
mircea_popescu: but otherwise, there's nothing more to sell.
BitHub: okey, so they wont be issuing any more than 200k shares in total now or in the future.
mircea_popescu: its what they said.
BitHub: that's good in a way.
mircea_popescu: (which is a silly thing to say, but hey)
BitHub: too many s.dice shares out there :P
mircea_popescu: actually let's see. if they mine about 15 blocks a day consistently that's
mircea_popescu: ;;calc 15 * 25 * 30
gribble: 11250
mircea_popescu: about par with s.dice
BitHub: we were playing with some calcs in the lobby
mircea_popescu: course, they have about
BitHub: i think its 25 blocks?
mircea_popescu: ;;calc 150 / 28
gribble: 5.35714285714
mircea_popescu: 5.5k worth of debt, but that's not such a big deal
mircea_popescu: they do have electricity/maintenance costs, and there is the risk their miners blow up (which eventually they will, these things wear)
BitHub: we roughly worked as an investor you need to buy about 266 shares at .4 for about 106 btc
BitHub: out*
BitHub: to make 1btc a day off the divs
mircea_popescu: so as it is currently i guess asicminer is worth maybe 2-400k BTC if it were listed on MPEx
BitHub: so takes about 3- half months to make your money back
mircea_popescu: which would make each share worth up to BTC even.
mircea_popescu: wow.
mircea_popescu: of course current rate of return won't last, but what ever lasts.
BitHub: there was a bunch of us in #bitcoin working it out :) not sure of exact figures but it was pretty close to that
mircea_popescu: im curious if they end up shootingthemselves in the foot by listing on some illiquid platform and never realising those prices tho
BitHub: cant someone create one on mpex?
mircea_popescu: one what ?
BitHub: a p.t
mircea_popescu: if i allow that someone
BitHub: asicminer pass thru share
BitHub: hehe ;)
mircea_popescu: which i might, if they're credible.
BitHub: have you recieved any legal issues yet?
mircea_popescu: what do you mean ?
BitHub: with mpex, all good so far?
mircea_popescu: a, sure.
mircea_popescu: you mean have i been sued or anything ?
BitHub: oh not sued but emails n stuff like threating what you guys are doing?
BitHub: well threating to sue i guess
mircea_popescu: nope, nothing at all.
BitHub: sweet
mircea_popescu: FabianB_
mircea_popescu: oops
BitHub: i was thinking about what you were saying when we first talked, about keeping things offshore, keeping everything in btc, no fiat. I think its the better way to go.
mircea_popescu: i don't recall this particular one, but yes btc accounting is the better way.
BitHub: yeah i said to my partner, why are we so egar to turn btc back into cash? better off just taking as much fiat as you can and turning it all into btc and you can leverage it alot more, and if we really need more, we can just cash out now and again.
BitHub: some money*
FabianB_: mircea_popescu: huh?
mircea_popescu: pm.
Bowjob: morning
Bowjob: by that i mean 4:25 an
Bowjob: am
mircea_popescu: heya
mircea_popescu: http://finance.yahoo.com/news/dying-dollar-why-us-currency-213606781.html
mircea_popescu: heh.
assbot: [MPEX] [S.MPOE] 3200 @ 0.00065474 = 2.0952 BTC [-]
wao: hah
Bowjob: have you guys seen pbsideachannel's bitcoin video
Bowjob: it's about how bitcoin and hats.. yes hats are changing currency.
Bowjob: and before I was a bitcoiner, I first had my hand trading hats... hats!
Bowjob: so I graduated from hats, and switched to bitcoin
mircea_popescu: lol
mircea_popescu: is this etsy university ?
mircea_popescu: also in the news, https://bitcointalk.org/index.php?topic=144319.0
wao: Bowjob: url?
Bowjob: http://www.youtube.com/watch?v=E_9R45RLNR0
Bowjob: I take a few issues with the way he described TF2 economy though.
Bowjob: it's a rare scenario where peole use metal to buy hats.
Bowjob: rather you use earbuds to purchase hats and keys and a bunny head and a beret to purchase unusuals
Bowjob: also, santa hats and gift boxes are used to purchase goods in tf2.. similar to how we have different bills irl
Bowjob: buying unusuals with metal is like buying a ferrarri with pennies. it clogs you inventory space.
Bowjob: apart from that, good vid
assbot: [MPEX] [S.MPOE] 1950 @ 0.00065474 = 1.2767 BTC [-]
Chaang-Noi: ;;asks 30
gribble: There are currently 31025.047 bitcoins offered at or under 30.0 USD, worth 882899.724413 USD in total.
Chaang-Noi: ;;asks 32
gribble: There are currently 35308.208 bitcoins offered at or under 32.0 USD, worth 1016698.74139 USD in total.
Bowjob: whaT?
Bowjob: ;;tocler
gribble: Error: "tocler" is not a valid command.
Bowjob: ;;ticker
gribble: BTCUSD ticker | Best bid: 26.48457, Best ask: 26.50180, Bid-ask spread: 0.01723, Last trade: 26.50181, 24 hour volume: 79278.52254235, 24 hour low: 25.64000, 24 hour high: 27.59690, 24 hour vwap: 26.77956
Bowjob: oh
assbot: [MPEX] [S.MPOE] 4119 @ 0.00065474 = 2.6969 BTC [-]
assbot: [MPEX] [S.MPOE] 301 @ 0.00065562 = 0.1973 BTC [+]
assbot: [MPEX] [S.MPOE] 5790 @ 0.0006588 = 3.8145 BTC [+]
DeadWeasel: we should get a FOIA request for bitcoin.
DeadWeasel: see what the government has written about it already.
assbot: [MPEX] [S.MPOE] 13000 @ 0.00066004 = 8.5805 BTC [+]
assbot: [MPEX] [S.MPOE] 1664 @ 0.00066112 = 1.1001 BTC [+]
assbot: [MPEX] [S.MPOE] 9418 @ 0.00066133 = 6.2284 BTC [+]
assbot: [MPEX] [S.MPOE] 4368 @ 0.00066171 = 2.8903 BTC [+]
kakobrekla: http://say26.com/meteorite-in-russia-all-videos-in-one-place
assbot: [MPEX] [S.MPOE] 1032 @ 0.00066171 = 0.6829 BTC [+]
error4733: http://www.nasa.gov/topics/solarsystem/features/asteroidflyby.html
Bowjob: we went back to 26.39 levels
DeadWeasel: ask walls at 27.4
assbot: [MPEX] [S.DICE] 3650 @ 0.00630919 = 23.0285 BTC [-]
assbot: [MPEX] [S.MPOE] 4879 @ 0.00066202 = 3.23 BTC [+]
assbot: [MPEX] [S.MPOE] 4000 @ 0.00066221 = 2.6488 BTC [+]
assbot: [MPEX] [S.MPOE] 61 @ 0.00066261 = 0.0404 BTC [+]
assbot: [MPEX] [S.DICE] 100 @ 0.00649174 = 0.6492 BTC [+]
assbot: [MPEX] [S.MPOE] 3500 @ 0.00066261 = 2.3191 BTC [+]
assbot: [MPEX] [S.MPOE] 1400 @ 0.00066261 = 0.9277 BTC [+]
Bowjob: so guys, am I evil if I'm gonna hold other people's funds for 10% in BTC since they can't figure the wallet out?
Bowjob: they want to invest in BTC but they can't be bothered to learn how it woks, ect
Bowjob: I agreed but only to 150 bucks worth.. I don't want them crying when their coins become worth shit
Anduck: but....
Anduck: that will never happen, right?
Anduck: RIGHT????
Bowjob: who knows
Bowjob: I told them about it when it was around 15 dollars each
Bowjob: didnt want to act till they were 25 dollars
Bowjob: now.. they want to swarm me with dollars
Anduck: well
Bowjob: I told them its stupidly easy to get it.. and initially I didn't want to hold their coins
Anduck: tbh it will go to 50 usd easily
Anduck: y¨'
Anduck: well
Anduck: just...
Bowjob: then.. I thought, heck. that 10% could be 1000 bucks in the future
Bowjob: or more
Anduck: point them to bitaddress.org
Bowjob: and its free money
Anduck: and make them print paper wallets
Bowjob: no dude. these are technically impaired people
Anduck: well
Anduck: print them the paper wallets
assbot: [MPEX] [S.MPOE] 2866 @ 0.00065979 = 1.891 BTC [-]
Bowjob: who work menial jobs, ect hoping a quick buck
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065342 = 2.8234 BTC [-]
assbot: [MPEX] [S.MPOE] 11189 @ 0.00065341 = 7.311 BTC [-]
assbot: [MPEX] [S.MPOE] 3050 @ 0.00065174 = 1.9878 BTC [-]
Bowjob: or a "longshot" to getting rich
Anduck: well Bowjob sell them f2f coins and sent them to their paper wallets
Anduck: send*'
Bowjob: actually, I thought of putting it in my brain wallet instead.. they run the risk of me dying and not getting their shit back though
Anduck: imo paper wallet is easier
Anduck: paper wallets they own
Anduck: and sell them f2f the coins
Bowjob: f2f?
Anduck: face to face
Anduck: i mean
Bowjob: lol
Bowjob: well
Anduck: make paper wallet, put like 10 btc in it and sell it for 10 btc worth of usd to them
Bowjob: it hurts me to sell bitcoin. idk why lol
Anduck: .....
Anduck: buy the bitcoins from market with the dollarzss
Anduck: then put _those_ bitcoins in the paper wallet..
Bowjob: well see if they'll agree
Bowjob: I get my 10% commision either way
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065205 = 2.8175 BTC [+]
assbot: [MPEX] [S.MPOE] 1378 @ 0.00065174 = 0.8981 BTC [-]
DeadWeasel: Bowjob: don't sell, you'll make more by holding
Bowjob: of course. thats why they hand me the cash first, then purchase bitcoins at the spot rate
Bowjob: then hold their coins for them
Bowjob: I think 10% is kinda steep, but it wasnt my idea
Bowjob: lol
assbot: [BTCTC] [RSM] 1 @ 0.0099 BTC [+]
assbot: [MPEX] [S.MPOE] 39 @ 0.00066261 = 0.0258 BTC [+]
assbot: [MPEX] [S.MPOE] 4261 @ 0.00066328 = 2.8262 BTC [+]
assbot: [MPEX] [S.MPOE] 5360 @ 0.00065174 = 3.4933 BTC [-]
assbot: [MPEX] [S.MPOE] 1840 @ 0.0006508 = 1.1975 BTC [-]
assbot: [BTCTC] [GSDPT] 1 @ 0.00627 BTC [+]
assbot: [HAVELOCK] [SDICE] 4 @ 0.749 = 2.996 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.7499999 = 2.25 BTC [+]
assbot: [HAVELOCK] [SDICE] 30 @ 0.75 = 22.5 BTC [+]
assbot: [MPEX] [S.MPOE] 2481 @ 0.0006508 = 1.6146 BTC [-]
assbot: [MPEX] [S.MPOE] 4603 @ 0.0006508 = 2.9956 BTC [-]
assbot: [HAVELOCK] [SDICE] 73 @ 0.75 = 54.75 BTC [+]
DeadWeasel: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.11726, Best ask: 27.15525, Bid-ask spread: 0.03799, Last trade: 27.16598, 24 hour volume: 81022.17859612, 24 hour low: 25.82200, 24 hour high: 27.59690, 24 hour vwap: 26.83371
DeadWeasel: ;;bc,24hprc
gribble: 26.84
DeadWeasel: when the price hits 58.50 I'll be happy
DeadWeasel: ;;slap gribble
iz: http://youtu.be/2F6YkBa_Tig
assbot: [MPEX] [S.MPOE] 6767 @ 0.00065081 = 4.404 BTC [+]
assbot: [MPEX] [S.MPOE] 3483 @ 0.0006508 = 2.2667 BTC [-]
Diablo-D3: iz: if she wasnt already married, I'd marry her
assbot: [HAVELOCK] [SDICE] 9 @ 0.759 = 6.831 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.759 BTC [+]
assbot: [MPEX] [S.MPOE] 11200 @ 0.00065115 = 7.2929 BTC [+]
assbot: [MPEX] [S.MPOE] 4700 @ 0.00065935 = 3.0989 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065924 = 2.8486 BTC [-]
assbot: [MPEX] [S.MPOE] 6379 @ 0.00065935 = 4.206 BTC [+]
burnside: any of the havelock s.dice buyers here?
burnside: curious as to why they're paying the 0.75 when it's 0.6x everywhere else.
midnightmagic: Diablo-D3: Hey, I can't find it now: where was the original offer to shareholders to be able to trade-in 200 (or so) shares for their future boards?
midnightmagic: Diablo-D3: Re: asicminer.
Diablo-D3: midnightmagic: for what?
Diablo-D3: oh
Diablo-D3: I dunno if they ever offered that
Diablo-D3: I dont remember it, anyways
Diablo-D3: midnightmagic: only 200 shares though? wow
Diablo-D3: I wonder if I get the rack for free if I order a racks worth =P
midnightmagic: :-/
midnightmagic: dammit.
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065181 = 2.8165 BTC [-]
assbot: [MPEX] [S.MPOE] 1829 @ 0.00065209 = 1.1927 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065104 = 2.8131 BTC [-]
assbot: [MPEX] [S.MPOE] 8350 @ 0.00065099 = 5.4358 BTC [-]
assbot: [MPEX] [S.MPOE] 4137 @ 0.0006508 = 2.6924 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065188 = 2.8168 BTC [+]
assbot: [MPEX] [S.MPOE] 7079 @ 0.00065209 = 4.6161 BTC [+]
assbot: [MPEX] [S.MPOE] 4300 @ 0.00065209 = 2.804 BTC [+]
assbot: [HAVELOCK] [SDICE] 9 @ 0.759 = 6.831 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.759 BTC [+]
assbot: [MPEX] [S.MPOE] 1800 @ 0.00065209 = 1.1738 BTC [+]
Bowjob: anyone here got gored by the bear trap?
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065086 = 2.8124 BTC [-]
assbot: [MPEX] [S.MPOE] 9379 @ 0.0006508 = 6.1039 BTC [-]
jurov: ;;ticker
gribble: BTCUSD ticker | Best bid: 27.00000, Best ask: 27.06999, Bid-ask spread: 0.06999, Last trade: 27.06999, 24 hour volume: 71831.38472749, 24 hour low: 26.10300, 24 hour high: 27.59690, 24 hour vwap: 26.98392
jurov: what bear trap?
jurov: i started to slowly exercise my calls, like, one per day... but otherwise am bullish
Bowjob: a couple days ago when we hit 21
Bowjob: then rebounded to 25 the same day
Bowjob: Mhm, someone lost 200 BTC to the dice.. ouch
Bowjob: http://satoshidice.com/lookup.php?tx=b4d75b&limit=100&min_bet=0&status=ALL
Bowjob: its on the biggest losers page
Bowjob: its just 10 mins ago
Bowjob: looks like a mini whale address.. they lost all their money
Bowjob: well, mini whale. baby
Bowjob: it had 7k bitcoins recieved
Bowjob: so hes been playing for a while
Bowjob: yeah 1 btc left
Bowjob: im gonna need a job soon
Bowjob: >_>
assbot: [MPEX] [S.MPOE] 4321 @ 0.0006518 = 2.8164 BTC [+]
assbot: [MPEX] [S.MPOE] 4429 @ 0.00065209 = 2.8881 BTC [+]
Bowjob: I got like 2 weeks left then I'll be cashflow negative
thestringpuller: !ticker m X.DIFF.MAR
assbot: Things which are alike, in nature, grow to look alike, and the speaking stones have lain a long time lookin' at the sun.
thestringpuller: !ticker m XDIFF.MAR
assbot: I don't know those people, and they don't look very friendly.
thestringpuller: !ticker m X.IDIFF.MAR
assbot: [MPEX:X.IDIFF.MAR] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 0.0429 / 0.0429 / 0.0429 (110 shares, 4.72 BTC), 30D: 0.0429 / 0.06514848 / 0.089 (330 shares, 21.50 BTC)
thestringpuller: !ticker m X.IDIFF.JUN
assbot: [MPEX:X.IDIFF.JUN] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: / / ( shares, BTC), 30D: 0.08995 / 0.09418269 / 0.2 (260 shares, 24.49 BTC)
thestringpuller: !ticker m X.IDIFF.SEP
assbot: Quest for vision is a great blessing.
Bowjob: wtf is this..
Bowjob: Avalon batch no 2's specs keep on changing
Bowjob: it was greater than 68, then at least 66.. now
Bowjob: its greater than 65
assbot: [MPEX] [S.MPOE] 4050 @ 0.00065209 = 2.641 BTC [+]
kakobrekla: 20:13.28 ( Bowjob ) im gonna need a job soon
kakobrekla: wrong direction of looking at things.
Bowjob: ..mhm?
kakobrekla: well
kakobrekla: to me, having a job means you arent smart enough to live without having a job
kakobrekla: so you should be trying not to have a job.
Bowjob: eh, i can live without a job for a few years.. it just gets boring watching bitcoins grow
kakobrekla: why only for a few years
Bowjob: my bitcoin holdings arent that worth a fortune yet
kakobrekla: the what?
kakobrekla: i have been living by that since dunno when
Bowjob: well, tbh, I'm funded by unemployment insurance, I took those monies and put it in bitcoins and watch bitcoins shoot up in value.
Bowjob: i'll be recalled soon
kakobrekla: translate?
kakobrekla: obviously NOT!
kakobrekla: all sorts of stuff, i was doing some 3d photography when i was 18 then i was freelancing for a while, then building solar power plants for over a year and lots of stuff in between
kakobrekla: not really
kakobrekla: well not a regular job, i was never employed
kakobrekla: mostly short term well payed stuff
kakobrekla: paid
kakobrekla: did what
kakobrekla: its more of a projects thing
kakobrekla: i had projects
kakobrekla: not jobs
TomServo: who's on first?
kakobrekla: yeah, my employment card shows 0 days
kakobrekla: dunno, they have this shit here
kakobrekla: to track the record of your work
assbot: [BTCTC] [S.MPOE-PT] 6 @ 0.00067 = 0.004 BTC [+]
kakobrekla: anywho i dont need to do any of that anymore i guess a part of that is btcs fault.
DeadWeasel: i just got the free amazon ec2 instance setup.
DeadWeasel: nice to have a free server out there.
DeadWeasel: i highly recommend it.
assbot: [MPEX] [S.MPOE] 4788 @ 0.00065209 = 3.1222 BTC [+]
assbot: [MPEX] [S.MPOE] 2312 @ 0.00065503 = 1.5144 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065097 = 2.8128 BTC [-]
assbot: [MPEX] [S.MPOE] 7517 @ 0.00065079 = 4.892 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065865 = 2.846 BTC [+]
assbot: [MPEX] [S.MPOE] 60 @ 0.00065867 = 0.0395 BTC [+]
assbot: [MPEX] [S.MPOE] 15900 @ 0.00065868 = 10.473 BTC [+]
assbot: [MPEX] [S.MPOE] 4495 @ 0.00065935 = 2.9638 BTC [+]
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 6 days, 17 hours, 51 minutes, and 25 seconds ago: <smickles> pong
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065113 = 2.8135 BTC [-]
assbot: [MPEX] [S.MPOE] 5929 @ 0.00065079 = 3.8585 BTC [-]
DeadWEasel: it's so dead here today
DeadWEasel: ;;slap deadweasel
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065107 = 2.8133 BTC [+]
DeadWEasel: what can I do with an amazon web server?
pigeons: same stuff you can do with any web server, comeon man
pigeons: and its only free for a year by the way
pigeons: and you pay for going over on I/O and stuff
jurov: DeadWEasel, set up btctalk mirror
burnside: AWS is only a good deal if you need to compute on and off (can shutdown machine when not in use) or if you need to be able to massively scale quickly.
jurov: so that scumbags can't just remove posts
burnside: for an always-on small server, there are way better deals out there.
DeadWeasel: yeah, i'm just using to upgrade my sysadmin skills
DeadWeasel: wanted something always on
DeadWeasel: and it's free for a year
DeadWeasel: so yeah, learning
DeadWeasel: jurov: why?
DeadWeasel: who wants to be on btctalk?
jurov: i mean, it's easy to make mess on btctalk and then remove whole threads as if nothing happened
jurov: if someone archived stuff, that couldn't happen
DeadWeasel: nice though, might be a good learning tool
assbot: [MPEX] [S.MPOE] 4160 @ 0.00065092 = 2.7078 BTC [-]
assbot: [MPEX] [S.DICE] 95 @ 0.00612 = 0.5814 BTC [-]
assbot: [MPEX] [S.DICE] 1905 @ 0.00612 = 11.6586 BTC [-]
pigeons: the hardest part about mirroring forums is not geting detected and blocked
kakobrekla: thats not that hard.
Namworld: Ah, I believe it is time for S.BVPS to get delisted.
pigeons: no its not, but its easier than the scraping, storing and retrevial
pigeons: *harder
assbot: [MPEX] [S.MPOE] 4700 @ 0.00065079 = 3.0587 BTC [-]
mod6: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.000637 / 0.0006518 / 0.00066328 (874816 shares, 570.21 BTC), 7D: 0.0006153 / 0.00065288 / 0.0007 (18491986 shares, 12,073.07 BTC), 30D: 0.00059445 / 0.00066233 / 0.0007 (74190390 shares, 49,138.58 BTC)
mod6: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.006 / 0.00626871 / 0.0069 (112814 shares, 707.20 BTC), 7D: 0.00556183 / 0.00620172 / 0.0069 (1415112 shares, 8,776.14 BTC), 30D: 0.00085848 / 0.00581855 / 0.0075 (6759704 shares, 39,331.73 BTC)
mod6: whats up :]
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 6 days, 18 hours, 50 minutes, and 46 seconds ago: <smickles> pong
assbot: [MPEX] [S.MPOE] 1619 @ 0.00065092 = 1.0538 BTC [+]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065549 = 2.8324 BTC [+]
assbot: [MPEX] [S.MPOE] 2907 @ 0.0006555 = 1.9055 BTC [+]
pigeons: https://btcjam.com/listings/1811
mod6: yah smickles been afk for a minute
Diablo-D3: hrm
Diablo-D3: Namworld: yo
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065522 = 2.8312 BTC [-]
assbot: [MPEX] [S.MPOE] 8440 @ 0.0006555 = 5.5324 BTC [+]
assbot: [MPEX] [S.MPOE] 89 @ 0.00065687 = 0.0585 BTC [+]
Namworld: lol, pigeoons... nice find
assbot: [MPEX] [S.MPOE] 9088 @ 0.00065687 = 5.9696 BTC [+]
assbot: [MPEX] [S.MPOE] 5700 @ 0.00065745 = 3.7475 BTC [+]
assbot: [MPEX] [S.MPOE] 2458 @ 0.00065935 = 1.6207 BTC [+]
assbot: [MPEX] [S.MPOE] 1851 @ 0.00066344 = 1.228 BTC [+]
assbot: [MPEX] [S.MPOE] 18233 @ 0.00066478 = 12.1209 BTC [+]
assbot: [MPEX] [S.MPOE] 24617 @ 0.00066478 = 16.3649 BTC [+]
assbot: [MPEX] [S.MPOE] 3783 @ 0.00066511 = 2.5161 BTC [+]
assbot: [MPEX] [S.MPOE] 1883 @ 0.00065085 = 1.2256 BTC [-]
assbot: [MPEX] [S.MPOE] 4321 @ 0.00065084 = 2.8123 BTC [-]
assbot: [MPEX] [S.MPOE] 38543 @ 0.00065079 = 25.0834 BTC [-]
assbot: [MPEX] [S.MPOE] 1053 @ 0.00065024 = 0.6847 BTC [-]