assbot: [MPEX] [S.MPOE] 17677 @ 0.00077015 = 13.6139 BTC [-]
assbot: [MPEX] [S.MPOE] 2812 @ 0.00077014 = 2.1656 BTC [-]
dub: so can someone explain what ziggap does
aethero: ziggap does direct bitcoin sales
dub: or it cold calls you in the middle fo teh night/shows up at your door with a vacume cleaner
dub: presumably its buying some fiat currency
aethero: We're like fastcash4bitcoins except in reverse.
dub: I don't know what that is
aethero: FastCash4Bitcoins is a service of Tangible Cryptography LLC. We are not an exchange; we are a direct buyer of bitcoins. In keeping with the bitcoin philosophy of limited third party trust we don't hold client's balances (bitcoins or dollars), instead we only accept a sale when we can promptly pay it
aethero: We're the same. In reverse.
aethero: We're not an exchange. We are a direct seller of Bitcoins.
ThickAsThieves: sell btc/buy fiat, exchange fiat for btc, pay divs, right?
SpNg: mircea_popescu: good article. I like your analysis.
mircea_popescu: Bugpowder_ aww, quantitatively quantitative easing fizzled again ?
SpNg: mircea_popescu: i recently found your exchange and blog. It's been a good read. Just getting into BTC, but I like this S.DICE investment. I have been wanting to ask you, how does one purchase shares with your exchange?
pigeons: echo '|gpg --clearsign|gpg --encrypt --armor -r F1B69921
dub: one does not simply walk into mpex
Bugpowder_: step 1 ) purchase a 6 pack of your favorite beer.
SpNg: ThickAsThieves: I see. That FAQ is what I have been looking for.
ThickAsThieves: if that's too geeky for you, shares are also sold through brokers on other exchanges
ThickAsThieves: the exchanges are listed when you log into this channel
SpNg: <-- Software dev. loves the geeky stuff.
SpNg: so it's 30 BTC fee + 5% of the dividend payout?
SpNg: Bowjob: I just re read, I c
SpNg: mircea_popescu: I was trying to figure out how to get an account. ThickAsThieves pointed me to the FAQ. Exactly what I was looking for. ;-)
jurov: coinbr.com does NOT rob you of 5% of dividends ;)
mircea_popescu: what's next, i'm going to read theosophy on somethingbawful ?
jurov: AUSTERITY COUNTDOWN: 4 DAYS TIL PAIN . Bitcoin users not affected.
gribble: There are currently 7358.0245 bitcoins offered at or under 31.0 USD, worth 225943.062008 USD in total.
gribble: (bids [--under] <pricetarget>) -- Calculate the amount of bitcoin demanded at or over <pricetarget>. If '--under' option is given, find coins or at or under <pricetarget>.
jurov: Bowjob, go to huff.to
gribble: There are currently 930.16598 bitcoins demanded at or over 30.0 USD, worth 27935.0288526 USD in total.
jurov: some fearmongering
gribble: BTCUSD ticker | Best bid: 30.13001, Best ask: 30.14999, Bid-ask spread: 0.01998, Last trade: 30.14999, 24 hour volume: 26135.40088171, 24 hour low: 29.50001, 24 hour high: 30.40000, 24 hour vwap: 30.05456
jurov: i guess in 4 days a peculiar platinum coin will be unveiled
gribble: There are currently 8834.2843 bitcoins demanded at or over 29.0 USD, worth 259243.946894 USD in total.
assbot: [MPEX] [S.MPOE] 9300 @ 0.00077013 = 7.1622 BTC [-]
jurov: ...a top administration official warned that the nation's borders would be less secure. oh my
jurov: <Bugpowder> S.DICE div? lmao somebody should tell obama to buy shares to save the US budget
assbot: [MPEX] [S.MPOE] 16000 @ 0.00076119 = 12.179 BTC [-]
jurov: or put a trillion on "lessthan 1"
assbot: [MPEX] [S.MPOE] 15478 @ 0.00076118 = 11.7815 BTC [-]
assbot: [MPEX] [S.MPOE] 2464 @ 0.00075891 = 1.87 BTC [-]
assbot: [MPEX] [S.MPOE] 11962 @ 0.00075883 = 9.0771 BTC [-]
assbot: [MPEX] [S.MPOE] 17987 @ 0.00075864 = 13.6457 BTC [-]
assbot: [MPEX] [S.MPOE] 36100 @ 0.00075743 = 27.3432 BTC [-]
assbot: [MPEX] [S.MPOE] 14767 @ 0.00075619 = 11.1667 BTC [-]
assbot: [MPEX] [S.MPOE] 7100 @ 0.00075518 = 5.3618 BTC [-]
assbot: [MPEX] [S.MPOE] 7900 @ 0.00075418 = 5.958 BTC [-]
assbot: [MPEX] [S.MPOE] 6200 @ 0.00075343 = 4.6713 BTC [-]
assbot: [MPEX] [S.MPOE] 26700 @ 0.00075335 = 20.1144 BTC [-]
assbot: [MPEX] [S.MPOE] 16853 @ 0.00075204 = 12.6741 BTC [-]
Namworld: mircea: it's always been. I'd exchange 0.01 BTC for a trillion anytime
Namworld: Buy myself a few thousand gold bars and some companies...
assbot: [MPEX] [O.BTCUSD.P750T] 530 @ 1.49949501 = 794.7324 BTC [-]
jurov: should have sold moar at 77740.. but good :)
Namworld: Oh, I'm fine with buying tons of bars of every metal.
Namworld: Many large multinationals have a market cap uner 1 billion... I could buy myself a thousand multinationals at least
Bowjob: itd be nice if mr whale can bump dice to before pre erkik dump levels
jurov: seriously, when USG issues btc bonds, what interest rate would you ask?
jurov: i wouldn't go below 10% monthly
Namworld: I'd charge them royalties on the name BTC-BOND
dub: call me when its a palladium coin
Bugpowder_: its the fourth big short position added in the last 3 days
jurov: MPBOR+5% ... but should prolly ask more
Bowjob: you can lose from mpbor, right?
jurov: mpbor itself is always positive... only the end result of mpoe can be negative, that's different thing
Bugpowder_: mircea_popescu: Thank you for today's lesson
Namworld: jurov: MPBOR can be negative...
jurov: the "net result" can be negative
jurov: but mpbor was always positive (it's not there explicitly)
jurov: but you can compute it as interest paid out/raised capital
jurov: only when exercises + interest paid out > earnings from sales of options, then net result = mpbor
jurov: only when exercises + interest paid out < earnings from sales of options, then net result = mpbor
Namworld: still, MPBOR could be a big loser on a very bad month
Namworld: MPBOR is funds lent for options? As such, losses by the options bot would be taken from MPBOR deposits nay?
thestringpuller: mircea_popescu usually ends up putting up capital in those scenarios
Bugpowder_: thestringpuller: you don't know what you are talking about
jurov: yes but in the end the proportional part is taken from all bonds
mircea_popescu: Bugpowder_ it's only risk if it meets your desired reward.
Bugpowder_: what IS attractive is owning 85% of S.MPOE and collecting all the cream off the top
jurov: Bugpowder_ that was last feasible in April
Bugpowder_: the collateral requirements will kill you though
Bugpowder_: or buying high and not selling actually
jurov: after MPBPT will get psychologically entrenched, we'll see ;)
jurov: it may cease being a passthrough
jurov: but i prefer to run it as is now
Bugpowder_: I think you need minimum 10,000 BTC nut to run an options bot effectively
Namworld: make a bot which keeps outbidding MPOE bot by 1 satoshi, and undercutting ask by 1 satoshi.
Namworld: guaranteed win on others' algorythm without any of the work!
assbot: [BTCTC] [S.MPOE-PT] 97 @ 0.00075 = 0.0728 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 5963 @ 0.00075 = 4.4723 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 1000 @ 0.00075 = 0.75 BTC [+]
jurov: Namworld, that bot still needs equal capital to most mpoe bondholders
Namworld: nah, not necessarily. Just make smaller amount both sides.
jurov: i had more devious idea... there are periods when mpoe bot is thinking and no offers are listed
jurov: was thinking to put some rotten apples there inbetween
jurov: but dunno how successfult would that be
Namworld: hmkay... probably not a lot considering the short timeframe
assbot: [BTCTC] [GSDPT] 44 @ 0.00599 = 0.2636 BTC [-]
assbot: [BTCTC] [GSDPT] 967 @ 0.006 = 5.802 BTC [+]
jurov: actually i remembered i did the frontrunning on options few months ago but stopped
jurov: i had to tie the bitcoins on multiple calls/puts and wait for weeks for some order to come
jurov: better to focus on frontrunning one or two most traded things
jurov: sigh...now if my bots weren't caught like deer in headlights on last spike
assbot: [BTCTC] [BASIC-MINING] 5 @ 0.3499 = 1.7495 BTC [-]
jurov: but let them stay KISS... can't optimize for everything anyway
Bugpowder_: Namworld: Acutally that bot needs MORE capital since it does not appear that the MPOE bot counts created but non-sold options against the total capital
jurov: the collateral for unsold options returns to you
Bugpowder_: but its not available for other offers
assbot: [MPEX] [S.MPOE] 2547 @ 0.00075204 = 1.9154 BTC [-]
assbot: [MPEX] [S.MPOE] 4111 @ 0.00075113 = 3.0879 BTC [-]
assbot: [BTCTC] [GSDPT] 15 @ 0.00609 = 0.0914 BTC [+]
jurov: if you do SPLIT/MKFUT, you DO get collateral - exercises back
jurov: in the end of month
Bugpowder_: you need 150,000 BTC to offer up what the MPOE bot offers.
assbot: [BTCTC] [GSDPT] 60 @ 0.0061 = 0.366 BTC [+]
jurov: it's 75 of them? not less? but you do have a point.
assbot: [BTCTC] [S.MPOE-PT] 3905 @ 0.00075 = 2.9288 BTC [+]
jurov: ;;calc 100185337*0.00075/2
jurov: 100million s.mpoe could have sold for 30-40k ... yea, nowhere near > 100k requried for collateral
Bugpowder_: Other people basically are limited to placing bids and hoping someone shorts into them so they can then resell higher
jurov: there will be other options exchange soon, i'm interesting how they will solve this.
assbot: [BTCTC] [MININGCO.ETF] 39 @ 0.58 = 22.62 BTC [-]
assbot: [BTCTC] [MININGCO.ETF] 12 @ 0.58 = 6.96 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1843 @ 0.0062 = 11.4266 BTC [-]
assbot: [BTCTC] [GSDPT] 940 @ 0.0061 = 5.734 BTC [+]
assbot: [BTCTC] [GSDPT] 1000 @ 0.0061 = 6.1 BTC [+]
assbot: [BTCTC] [GSDPT] 1 @ 0.00619 BTC [+]
assbot: [BTCTC] [GSDPT] 1000 @ 0.0062 = 6.2 BTC [+]
assbot: [BTCTC] [GSDPT] 994 @ 0.00623 = 6.1926 BTC [+]
assbot: [BTCTC] [GSDPT] 7000 @ 0.0063 = 44.1 BTC [+]
Namworld: Thick: He's saying "Blocking SD directly is the only known viable method of Bitcoin surviving this attack." and I think he's almost alone in that...
pigeons: i dont agree with him, i think fees need to go a lot higher
Namworld: Just doesn't fit Bitcoin's to start saying what is or what is not allowed.
Namworld: Only way to have a block against SD is if all miners simply exclude those transactions.
iz: pigeons: transactions relay to all nodes, regardless of the transaction fee
iz: the fees won't fix anything
iz: at least not with regard to SD
ThickAsThieves: if there's mass bitcoin adoption, people won't want to wait
pigeons: iz: yes but if fees are higher people will be rewarded for their work, and spammers will be disincentivized
iz: everyone relays transactions, even if they don't pickup the transaction and regardless of the fees
iz: pigeons: SD will still spam the network, regardless of the fees
iz: have you seen how much the blockchain is growing?
jurov: oh not this again....
iz: basically we are recording all SD transaction history in the blockchain forever
iz: that everyone downloads
jurov: the blockchain is fine. I'll happily accept 1TB per month if that enables btc to be widely used
iz: transaction fees won't make a difference until we start hitting the max blocksize
Bowjob: if you didnt pay the tx fee, how long will it take?
ThickAsThieves: i mean really, the wait time to let qt sync was too long for the average person a while ago
iz: i'm just saying it's not a non-problem, not that it's an insurmountable one
ThickAsThieves: just amused that the guy thinks he can lean so far in one direction and not fall over
assbot: [MPEX] [S.BBET] 1 @ 0.00196487 BTC [-]
Ukto: somehow I didnt see you talking earlier. hehe
assbot: [BTCTC] [S.BBET-PT] 910 @ 0.0022 = 2.002 BTC [+]
dub: jurov: how many nodes will be running under a +1tb/month scenario?
jurov: any business with some employees can afford that
dub: jurov: how much confidence will people have in bitcoin if there are only 7 nodes
jurov: let's say it will happen in 2 years
jurov: there will be 10TB hard drives
jurov: for the same prices as 2Tb today
dub: the reality is SD exploits a weakness in bitcoin
jurov: don't tell me only 7 nodes can afford buying one harddrive per year
iz: how many would care enough to?
assbot: [BTCTC] [S.BBET-PT] 3 @ 0.0022 = 0.0066 BTC [+]
iz: maybe in 2 years there is something else that doesn't have the same flaws being actively exploited to the detriment of everyone else..
jurov: anyone who wants to accept transactions
dub: it spreads teh cost of its spam attack to idiots already willing to throw money away
dub: what SD does can be achieved in a scalable way easily
iz: just because the problem can be solved by stupidly throwing money at it, doesn't mean it's not a problem that could have a more elegant solution
assbot: [MPEX] [S.BBET] 498 @ 0.00196487 = 0.9785 BTC [-]
maximian: SD just amplifies that weakness. and if it wasn't SD it'd be someone else. The problem has to be solved, and it can't be solved by banning. It's a fundamental architectural problem.
assbot: [MPEX] [S.BBET] 457 @ 0.00196488 = 0.898 BTC [+]
assbot: [MPEX] [S.BBET] 45 @ 0.001965 = 0.0884 BTC [+]
dub: maximian: the weakness was always there, the cost for one person to attack was prohibitive, SD works aroudn that
jurov: so maybe you should stop alienating evoorhees and make that easier for him to do that way?
jurov: and my 2cents... if bitcoin will be centralized, it will not be because of blocksize, but because of asics
dub: my 2c.. I could run a bitcoin node on 1990's hardware before SD
jurov: as asicminer handily proved
dub: how long before we can't run one on 2012 hardware?
iz: yeah, everyone is a node, even if they aren't mining
iz: this is a problem with bitcoin p2p, not really just with bitcoin mining
jurov: miners' pipe dreams... bitcoins should be forever limited to 7tx/second. because obviously having $50 tx fees will give power to teh people
dub: and btw the '90s hardware problem is processing not disk
jurov: 99% people will not ever see a bitcoin in whole life, but they will be able to run full node, that's the ideal
dub: i have no idea what you just said
jurov: i'll try again. how many businesses own a car?
jurov: why wouldn't they pay much less for a full node that can deal with 1TB/month to enable them access to bitcoin system?
iz: you failed on that try
dub: typically I would say that a high end server is more expensive for a business than a car
OneMiner: 7tx/sec = 604,800/day. Not nearly enough.
iz: jurov: because credit card payment processing is cheaper than that.
jurov: 1. that does not need hig end server
jurov: 2. credit cards are *expensive* for merchants
iz: why would a business pay more for bitcoin processing, when they could just do "expensive" credit card processing that is accepted by way more clients?
jurov: so they shouldn't use bitcoin, you say?
assbot: [MPEX] [S.MPOE] 7168 @ 0.00075677 = 5.4245 BTC [+]
jurov: with 604,800 txs/day they will not, indeed
iz: you're basically trying to say that credit card processing is too expensive out of one side of your mouth, while saying any business that wants to use bitcoin should be have plenty of money to blow
jurov: only banks and govts will use bitcoin in the end
iz: anyway.. i'm gonna head home now.. peace all
dub: jurov: I don;t hink anyone is arguing against that, if adoption is successful
jurov: if you insist accepting 1TB/mon means blowing tons of money....
jurov: i can do it chepaer
OneMiner: More transactions is better than less. In the future we won't have 2012 hardware, we'll have future hardware.
dub: do you know how much 1TB costs businesses?
dub: its a LOT more than it costs you
Bowjob: the tx is still unconfirmed wtf
jurov: if they have to back the terabyte up, then yeah
dub: proper storage is not cheap
assbot: [BTCTC] [BTC-TRADING-PT] 10 @ 0.0841 = 0.841 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 20 @ 0.0841 = 1.682 BTC [-]
jurov: blockchain doesn't need to be stored properly. you just buy commoditized server with it preinstalled and backup only the wallet. it breaks? buy another one
jurov: or copy it from guy next door
dub: businesses don't do that
jurov: i was admin too, saw how things are done
jurov: just in other part of the world
OneMiner: Ya, the blockchain isn't going to be lost for long if it is lost. I don't think they'd need anything fancy for it.
assbot: [BTCTC] [LTC-MINING] 4 @ 0.38 = 1.52 BTC [-]
assbot: [BTCTC] [LTC-MINING] 26 @ 0.393 = 10.218 BTC [+]
dub: the issue is that you need to get critical mass before all the businesses are going to look after the network for you
dub: if you make it prohibitive for Joe Asshat to do it for you until then, then you never get there
jurov: how you want to get critical mass when it can't handle even one casino???
dub: you get that casino to keep its own database
jurov: errr...it can handle it finely, just some peeps fear it irrationally
dub: instead of using yours that isn't designed for that
iz: casinos usually use chips, and don't have their clients bet using credit card payments
OneMiner: It's how that casino is doing it's business. You don't go up and change money after every bet when you are in a casino, do you?
dub: OneMiner: good analogy
jurov: now imagine million supermarkers/car dealers/etc. in the place of that casino]
dub: imagine a supermarket where you can only pay for one item at a time
jurov: they do need to charge money every time
iz: one item at a time though?
dub: I don't think its going away
mircea_popescu: the jesuscrazy people were defeated already. forget about it.
assbot: [BTCTC] [PAJKA.BOND] 50 @ 0.1 = 5 BTC [+]
OneMiner: jurov With SD a single person can place many bets with a small amount of coins. Each bet = two transactions. If it was a supermarket, they'd have to be making a seperate transaction for each product, overcharging you by a little and sending you a satoshi back. THEN it would be similar.
dub: either SD changes or bitcoin does
jurov: you will kill bitcoin together with sd, then. at least prevent the mass adoption you are dreaming about.
dub: equally you will kill it if nobody can run a node
OneMiner: Not at all! I'd argue that the network is handling it very well.
mircea_popescu: look! it's really simple! bitcoin was designed to do 1mb blocks. if it can't do 1mb blocks it sucks, dies, we move to solidcoin.
iz: someone just needs to make a better version of SD that works in harmony with bitcoin
mircea_popescu: if it can do 1mb blocks and they get filled, tx fees increase
jurov: it was not designed to do 1mb blocks. it was just some limit to try with
jurov: iz, you're going to cripple the whole system just because of political reason, don't you see that?
dub: its not political its technical
iz: jurov: how would my proposal of creating a better version of SD going to cripple the whole system?
iz: what do you even think would "cripple the whole system"?
ThickAsThieves: because it doesnt stop someone else from making the same problem in a new way
dub: iz: making rules, you know like the evil state
iz: i'm not telling people how to use it, i just suggested making a better alternative that people could choose to use
iz: the problem is that there isn't an alternative
dub: it breaks teh very libertarianality of bitcoin!!!!
jurov: iz, preventing bitcoin to actually accept enough transactions to be really used
OneMiner: SD is doing it wrong. But it's up to miners to increase the TX fee and price them out of business. But it's democratic. Each miner will have to choose to allow 0.0005BTC fees or not.
OneMiner: I've set my fee one unit higher personally.
mircea_popescu: as it is, if miners tried it sd would just make its own miner drive the other miners out of business.
jurov: if it was anything other "more useful" that SD would you accept raising the limit?
OneMiner: That'll continue, it's up to them.
jurov: if yes, then it is political indeed
iz: mircea_popescu: i'm still afraid of the legal implications of running a gambling business
jcpham: if cgminer had a "no sd" flag, i'd set it
ThickAsThieves: if cryptocurrency is widely adopted, it's probly what will happen anyway
iz: that's why i'm not doing it
jcpham: otherwise my pools include sd blocks
iz: but SD is braindead simple to make a clone of
iz: it's just rolling dice
mircea_popescu: i guess every coder has to be humiliated individually to get it.
OneMiner: jcpham Then the best you can do is mine in a pool that blocks those transactions.
jcpham: i mine at hashpower.com
OneMiner: And it's not a scalpel, it's a grenade. You'd block all TXs with SDs fee or lower.
OneMiner: jcpham I was too. Now I'm on p2pool.
OneMiner: I can make my own choices now. I'm independent. :)
jcpham: i think i just mined a bajillion freicon last week
Bowjob: i got like 1500 friecoin.. whats the exchange rate now
OneMiner: haha, I've been trying to get merged mining going with p2pool. I think I messed it up somehow. :(
assbot: [MPEX] [S.MPOE] 13300 @ 0.00075677 = 10.065 BTC [+]
Guest36719: iz : no miner has the initiative not to accept 1 satoshi fee tx
jcpham: i mine for profit...whoever pays the most
dub: you just stick your mining cock in any hole that comes along
Bowjob: if you dont pay the tx fee.. how long will it take to confirm?
dub: you don't decide what tx get through
Bowjob: e70e54774c58101e7a6de4bcc5a04a9f3091cee4022965aebc264a705cb3c732
OneMiner: Bowjob If my miner was the only one in the world, it wouldn't go through.
Bowjob: the guy didnt put a tx. -_- still waiting for it to confirm
OneMiner: How cheap.... The fee is almost nothing.
Bowjob: I clicked on "Relayed by IP"..
Bowjob: a bunch of ips appeared.. is taht a good thing orr..
OneMiner: Means that those nodes broadcasted the TX.
assbot: [BTCTC] [S.MPOE-PT] 4035 @ 0.00075 = 3.0263 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.65 = 1.95 BTC [+]
assbot: [HAVELOCK] [SDICE] 14 @ 0.635 = 8.89 BTC [-]
gribble: BTCUSD ticker | Best bid: 30.25402, Best ask: 30.35001, Bid-ask spread: 0.09599, Last trade: 30.38000, 24 hour volume: 26226.94641198, 24 hour low: 29.60000, 24 hour high: 30.40000, 24 hour vwap: 30.10472
assbot: [HAVELOCK] [KCIM] 35 @ 1 = 35 BTC [+]
assbot: [MPEX] [O.BTCUSD.P330T] 750 @ 0.34699613 = 260.2471 BTC [-]
assbot: [MPEX] [O.BTCUSD.P310T] 1000 @ 0.29393728 = 293.9373 BTC
assbot: [MPEX] [S.MPOE] 2500 @ 0.00075113 = 1.8778 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 25 @ 0.3499 = 8.7475 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 25 @ 0.33311 = 8.3278 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 3 @ 0.34 = 1.02 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 6 @ 0.3331 = 1.9986 BTC [-]
mircea_popescu: there's kinda insufficient drama, if this keeps up bitcoin will tank
assbot: [HAVELOCK] [HIM] 2 @ 15.9 = 31.8 BTC [+]
swhitt: has there ever been a >2 part of the chain orphaned?
assbot: [HAVELOCK] [HIM] 1 @ 16 BTC [+]
ThickAsThieves: i suppose that makes the bitbet pretty much resolved...
mircea_popescu: The simple fact of the matter is there hasn't been any solid updates to offer.
mircea_popescu: "As I've written in previous posts, we are dealing with such an accelerated time scale that all of these facilities simply aren't used to dealing with."
mircea_popescu: We expect at least some of the chips to be on their way to Chicago by Tuesday, where they will be mounted and sent out to our engineers and KC for testing and final MCU programming.
ThickAsThieves: i'm no engineer, but it sounds so ghetto to be wasting 1000 chips to do a macguyver test
mircea_popescu: Right now, I'm planning on a week from Friday to be the day
pigeons: never we think they'll next tuesday, always we think they'll be on the way to another step by next tuesday
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.0763 BTC [-]
mircea_popescu: well, as it turns out that 1500 btc on bitbet will be the most btc anyone makes out of bfl
Bowjob: mp have you actually bet on it?
Bowjob: you're the 200 BTC no?
mircea_popescu: ThickAsThieves it's closed already, so what can it do ?
Bowjob: theres this 500 BTC bet on yes
Bowjob: that hurts like a bitch
Bowjob: josh could have come clean and tell us he couldnt ship by 1st
Bowjob: but instead he said "its close"
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.35 BTC [+]
Bowjob: theres only like 3 big YES votes on the side
mircea_popescu: aaactually... i think you're right, he owes .5 to the house and makes .473
Bowjob: so they lose money on it.. even if they won?
ThickAsThieves: the huge bets just felt like something fishy was going on
mircea_popescu: only fair, bets on the 21st that bfl won't deliver by 1st
Bowjob: delicious update delay again
Bowjob: shits about to hit the fan.. bfl customers who used to defend josh are getting pissed
mircea_popescu: then again this is bitcoin, he'll prolly be making status updates in like... may.
Bowjob: if they werent already
Bowjob: id have to ask josh to fuck up on this one, till my avalon arrives
Bowjob: looks like i wont have to lol
Bowjob: but people who ordered way back then
Bowjob: would not get their btc back
Bowjob: its like a stop loss order..
mircea_popescu: well ya, you sent 500 btc in october, you get 200 btc back today.
Bowjob: ^ 300 btc for bfl free
kakobreklaa: those low-weight no-ers on BFL bet will be pissed.
Bowjob: its better to take a refund and take the loss.. before btc rallies up again
Bowjob: rather than go all or nothing
Bowjob: but they prolly wont do it.
mircea_popescu: Bowjob nobody sensible has any money left with them anyway
mircea_popescu: a few hardocre believers aka idiots, who got burned in any scam available.
Bowjob: i dodged all bullets so far lol
mircea_popescu: ThickAsThieves actually asic is only mining what, 4-5 th ?
Namworld: .0003 BTC might be a bit exaggerated... but yeah
mircea_popescu: everyone's behind everyone else, this is like the asic olympics
ThickAsThieves: i wonder how many people are submitting return requests tonight
kakobreklaa: assbot would say, they are more fucked than whores at closin time
Bowjob: josh says 1 week..(1 month) for this to be done
dub: do we know if people who won the BFL order number lottery have been contacted?
dub: ie, those that will get a 1st round unit
ThickAsThieves: doubtful, i think the first sign things are shipping is when they ask for people to send their trade-ins
dub: cool, I guess there is still a chance of sprinkles on this shit sandwich
Bowjob: I managed to sell 50k XRP for 1 BTC
Bowjob: I don't know if I did something smart or stupid
assbot: [MPEX] [S.MPOE] 8355 @ 0.00075113 = 6.2757 BTC [-]
Namworld: There's 100 billion XRP created right off the bat
dub: at this point suppose knowing what ripple is might help
Namworld: Making XRP worth 2,000,000 BTC at that price
Bowjob: 100 bill, as money get sent around theres a small fee
Namworld: I love how my ripple address ends by Sir N
ThickAsThieves: "Ill pay you 1BTC to buy the goldbar so I dont lose it"
Namworld: Hmm, I'll buy 10 million XRP for a BTC. Anyone? =P
Bowjob: nam ill buy 50k xrp for .2 btc
Namworld: looks like it's overpriced right now
Namworld: I'll sell and wait to buy back
Bowjob: rwAUfq4CjYut43iY8vut3KwujqFSGR1j5o
Bowjob: im still trying to figure out how this thing works
Bowjob: how do I view the ordebook
Namworld: yeah, I don't understand that either
Bowjob: i'll just sit it out. i have 50k left
Bowjob: lets see if this goes somewhere
Bowjob: I want to see 1 XRP = 1 dollar
Namworld: good luck... would need market cap to reach 100 billion
Namworld: Ok, I don't know how it works at all...
Namworld: How do we get other currencies?
Bowjob: well the rocket is simply refueling
Namworld: People must assign trust to "gateways" which I think are like exchangers
Namworld: and these gateways assign currencies like USD/BTC/AUD/GBP/etc to users... and they can send it around if they trust the gateway...
Namworld: So one has to deposit funds to a gateway to deposit it and withdraw from a gateway.
Namworld: I don't think it works like that Thick...
assbot: [HAVELOCK] [HIM] 1 @ 16.9 BTC [+]
assbot: [MPEX] [S.MPOE] 5132 @ 0.00075677 = 3.8837 BTC [+]
assbot: [MPEX] [S.MPOE] 4468 @ 0.00076936 = 3.4375 BTC [+]
Bowjob: I remember when it was 12 BTCs
ThickAsThieves: i'm not sure how it works either, i just saw some people talking about that as one of the weaknesses
Bowjob: and they released at 4.6 BTC per share
Namworld: Well BitPride/Ziggap going fast it seems =/
dub: is ripple solidcoin 3?
Namworld: ripple isn't supposed to be a currency you trade for money
Namworld: they're supposed to be preminted token used to create orders in the system upon which they're destroyed.
Namworld: People are supposed to trade in a peer to peer fashion other currencies, like BTC/USD or stuff...
Namworld: or something like that I think
BitHub: i'm down for the AUD end
BitHub: i was thinking about that other day Nam, i was even offering people access to the australian market in exchange for access to their countries market
BitHub: need to build a very trusted network
BitHub: while also taken care of the accountanting, tax side
BitHub: i'll also be working on peso next year, but doing AUD market for now.
Ukto: there are like 20 diff kinds
BitHub: why do you think i said peso hehe
BitHub: of course i will share that infomation later on :)
BitHub: i dislike this whole cashing back out for fiat tho
assbot: [HAVELOCK] [KCIM] 1 @ 1 BTC [+]
BitHub: nothing personal, just complicated things.
assbot: [BTCTC] [S.DICE-PT] 1875 @ 0.0061 = 11.4375 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 3000 @ 0.006 = 18 BTC [-]
Bowjob: Hey I'll take that offer
Bowjob: is that a fat finger or??
Namworld: Do you trust the guy? No? Then don't accept the trade...
Namworld: Ripple doesn't hold any currency, the user does.
Namworld: I think it's supposed to be working with Gateways.
Namworld: Trusted gateways give you money on Ripple. You trust the gateway. The gateway give funds to the guy, who sells it to you. You withdraw at the gateway. Or from the guy if it's not issued by a gateway and you trust the person.
Namworld: I think it works basically with users issue BTC/USD/etc themselves
Namworld: and you trust money issued by certain users
Namworld: A gateway would be a trust user
Namworld: ask Joel Katz on the forum, or something like that. Or look for it on the forum. I don't know much about how Ripple works exactly.
Namworld: Basically the thing is way too complicated for me to even want to mess around with it.
Bowjob: bitcoin is already confusing to the general public
Namworld: I need to build a network of contact to find trade offers and have to find gateways I trust as a source to accept funds
Namworld: not that the concept is bad... but building itthe network from the grounds up would be considerable work...
BitHub: gateways taken offers at market price?
BitHub: what country are you in nam?
assbot: [MPEX] [S.MPOE] 3450 @ 0.00076936 = 2.6543 BTC [+]
BitHub: are you buying and selling btc within canada atm?
Namworld: mircea_popescu: sorry to be dicking around like that and asking already for a withdrawal just after depositing, but my funds are once again needed elsewhere.
Namworld: Sheesh, with all the BitVPS shares, S.DICE and other stuff I have, I don't have much capital laying around
Namworld: Also I placed 5120 S.DICE-PT for sal at 0.0062 if someone wanted to load up before the dividend.
assbot: [HAVELOCK] [HIM] 1 @ 16.95 BTC [+]
assbot: [HAVELOCK] [SDICE] 6 @ 0.675 = 4.05 BTC [+]
assbot: [HAVELOCK] [SDICE] 4 @ 0.675 = 2.7 BTC [+]
assbot: [HAVELOCK] [HIM] 1 @ 17 BTC [+]
Bowjob: Just wtf is going on at Havelock lol
gribble: Error: "bc;stats" is not a valid command.
gribble: Current Blocks: 223169 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 606 blocks | Next Difficulty In About: 3 days, 1 hour, 27 minutes, and 16 seconds | Next Difficulty Estimate: 4373609.64927 | Estimated Percent Change: 19.79172
assbot: [HAVELOCK] [SDICE] 1 @ 0.678 BTC [+]
gribble: Next difficulty estimate | 4373609.64927 based on data since last change | 4587789.77324 based on data for last three days
assbot: [HAVELOCK] [SDICE] 1 @ 0.678 BTC [+]
Namworld: Havelock... the overpriced market...
Namworld: MPEx probably has the fastest withdrawal/deposit time for manual processing.
mircea_popescu: <Bowjob> Just wtf is going on at Havelock lol << what ?
Bowjob: the HIM fund just went up crazy
Namworld: BitVPS is on BTCT.co, Ziggap is on BitFunder
Eduard_Munteanu: Namworld: I'm not sure I get it, is 30BTC a fee, or do you get to use it after registering?
Namworld: It goes into profits for the exchange and fees are distributed to MPOE holders
Eduard_Munteanu: Interesting. I think I got PMed by another one on #bitcoin.
Namworld: (mircea is romanian too as you might have guessed by the name and happen to be MPEx's owner)
gribble: BTCUSD ticker | Best bid: 31.40001, Best ask: 31.40100, Bid-ask spread: 0.00099, Last trade: 31.40100, 24 hour volume: 33370.91437260, 24 hour low: 30.07000, 24 hour high: 31.60000, 24 hour vwap: 30.66622
mircea_popescu: Bowjob where's bugpowder's graphlines when you need them!
Eduard_Munteanu: mircea_popescu: I think I've seen you around #haskell lately? Not sure.
Bowjob: BFL fans developing Stockholm syndrome, its delicious
mircea_popescu: anyway Eduard_Munteanu, you're like one of the few that can read this natively :
Eduard_Munteanu: mircea_popescu: yep... pretty cool business you got there. Are you from Bucharest?
mircea_popescu: okay, queue flushed and i shall be back later. take care all.
Eduard_Munteanu: I was considering buying/selling some bitcoins locally, the spreads seem pretty high.
Namworld: The best way to get market rate is bank transfer to an exchange
Namworld: trade locally, buy low, sell high
Eduard_Munteanu: Anyway, I need to sell quite a few Pecunix to get some BTCs first.
Eduard_Munteanu: Bicknellski: no, an ecurrency equivalent to a gram of gold
Namworld: No, the BTC price raised by over 100% in the last two months
Namworld: It might not keep it's worth for long. BTC is volatile.
Eduard_Munteanu: Yeah, I know. I'd like to wait a bit and see if it crashes.
Namworld: It goes up and down wildly with news.
Namworld: other than that, the global picture is a slow and steady raise.
Bicknellski: same here... but the bubble seems to be more of a new normal
Namworld: Also be wary, many BTC stocks end up being scams or perform poorly.
Bicknellski: there is a lot more money in than the last time when it tanked
Bicknellski: But I think you are right local trading is a very good way to go
Namworld: Lots of investigation required. There's occasional opportunities that open, usually best flipping it right back.
Eduard_Munteanu: The spreads are huge, the only ones selling are doing it for $37/BTC.
TomServo: Anyone ever heard of a local trade 'gone wrong'?
Namworld: I didn't... but that might have happened.
Chaang-Noi: no, but i bet people will get mugged over it one of these days
Chaang-Noi: make sure to meet in a bank loby or something, lol
kakobrekla: cas coin and some home made priv keys printed as bank note
Eduard_Munteanu: Namworld: do you have fancier stuff like options or shorting?
Namworld: No, unfortunatly. Not easy to set up.
Namworld: I can broker options manually on request.
gribble: There are currently 11216.171 bitcoins offered at or under 32.0 USD, worth 357926.122005 USD in total.
Namworld: We'll break the all time high at this rate...
DeadWeasel: what psychological impact will that have? I would guess short term dumping by a steady rise, if the dumps aren't maintained
DeadWeasel: would like to see a dump around 32.69ish, then buy back in a few dollars cheaper if possible.
Namworld: I'd be more for extreme frenzy of old followed by a steep decline.
Namworld: Where for a short time it really skyrocketed.
DeadWeasel: this rise has been slightly more metered.
Chaang-Noi: i dont mind us staying under it for a month, then i giant break out to $50
kakobrekla: lucky theres always dubasses that dump
Chaang-Noi: abra, im sure, but im up 120% just testing it
Namworld: I think the dumbasses are the ones mass buying currently.
Namworld: I'm not selling. On the very long term, I'm long. But in the short term, I'm short after such a large rise.
Namworld: I got BTC placed in USD based income businesses.
Eduard_Munteanu: ThickAsThieves: I'm cool with that as long as they don't lend my money
Chaang-Noi: someone was here a while ago saying they bought on credit cards
Bicknellski: Man I have to buy some BTC soon no matter what yuk!
Eduard_Munteanu: That's how full reserve should work. Otherwise, no way, GTFO. :)
Eduard_Munteanu: If the interest rate doesn't cover the inflation, you're probably better off keeping your money in a warehouse, safe deposit box, full reserve bank, some other currency etc.
Bicknellski: Bank Of England considering negative interest rates (Freicoin)
jurov: lol if banks don't know what to do with money, why not fund long term infrastructure/scientific development..
jurov: ...but that doesn't look good on quarterly report, yeah
assbot: [MPEX] [S.MPOE] 7900 @ 0.00076482 = 6.0421 BTC [-]
Namworld: You said you were new but seem to already have catched the Bitcoin bug.
assbot: [MPEX] [S.MPOE] 1084 @ 0.00076482 = 0.8291 BTC [-]
gribble: Current Blocks: 223218 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 557 blocks | Next Difficulty In About: 3 days, 6 hours, 38 minutes, and 7 seconds | Next Difficulty Estimate: 4316094.45818 | Estimated Percent Change: 18.2164
Namworld: ah. Well obviously since I talked two minutes ago.
Namworld: I use it to wake up when price moves on MtGox
Namworld: thestringpuller, what did you want?
Namworld: You will need to wait for Arij or Phungus to be around to set up a VPS.
Namworld: You have an order up on bitvps.com?
Namworld: Should be set somewhere this afternoon/evening then.
assbot: [MPEX:O.BTCUSD.C310T] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 0.25778105 / 0.25819404 / 0.28103279 (563 shares, 145.36 BTC), 30D: 0.25778105 / 0.25819404 / 0.28103279 (563 shares, 145.36 BTC)
assbot: [MPEX:O.BTCUSD.C350T] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 0.2057493 / 0.2057493 / 0.2057493 (916 shares, 188.47 BTC), 30D: 0.2057493 / 0.2057493 / 0.2057493 (916 shares, 188.47 BTC)
assbot: [HAVELOCK] [SDICE] 2 @ 0.68 = 1.36 BTC [+]
assbot: [MPEX] [S.MPOE] 1816 @ 0.00076391 = 1.3873 BTC [-]
assbot: [MPEX] [S.MPOE] 6645 @ 0.00076935 = 5.1123 BTC [+]
assbot: [MPEX] [S.MPOE] 17489 @ 0.00076936 = 13.4553 BTC [+]
gribble: BTCUSD ticker | Best bid: 31.01298, Best ask: 31.03999, Bid-ask spread: 0.02701, Last trade: 31.03999, 24 hour volume: 39955.84230975, 24 hour low: 30.11000, 24 hour high: 31.69900, 24 hour vwap: 30.85183
gribble: Error: "bc,24prc" is not a valid command.
aethero: Updated volume and profit statements for ZIGGAP released on it's BitFunder description page
assbot: [MPEX] [S.DICE] 1000 @ 0.00629175 = 6.2918 BTC [-]
assbot: [MPEX] [S.DICE] 700 @ 0.00629176 = 4.4042 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 1000 @ 0.00071 = 0.71 BTC [-]
assbot: [BTCTC] [S.MPOE-PT] 1055 @ 0.0007 = 0.7385 BTC [-]
topace: anyone used php's gpg extensiosn? when i gnupg_verify, i get a "validity" field in the result, that seems to be 0 for failed, or 4 for valid... but i have no clue what the 4 means, or if i should accept 1,2,3,4,etc as valid as well?
mod6: On success, this function returns information about the signature. On failure, this function returns FALSE.
mod6: so maybe any integer returned is ok
topace: failure doesnt mean signature invalid
topace: an invalid signature still returns the array of information about the sig
mod6: ahh, well too bad its not like perl where you can just look in the PM to find what's what.
topace: {"fingerprint":"8DDE8C2B4DE2278A95C3D65B9214FC6BF1B69921","validity":4,"timestamp":1361385050,"status":0,"summary":3}
topace: it returns things like that
topace: i have no clue what status, summary, or validity values are
mod6: what does it say if you make it fail
topace: {"fingerprint":"9214FC6BF1B69921","validity":0,"timestamp":0,"status":117440520,"summary":4}
mod6: hmm. so if validity is > 0 you're ok?
topace: thats what i'd like to really be sure of.. not really something i can ASSUME
topace: im making a way to automatically push assets from MPEX to Havelock, simply by pasting in a PUSH receipt
mod6: i remember you saying this before.
mod6: i don't know how one does that. In my mind, person A owns 1 share of XYZ and he can push to another key on the MPEx keyring (weather it exists on the keyring or not) ... but how does one push this to a remote keyring?
mod6: i would think that i'd have to be different to discern who person A is on the remote system and just dump the 1 XYZ in there, while keeping the 1 XYZ in holdings on MPEx
topace: yes, you would push it from your mpex account to the havelock mpex account
topace: then paste the push receipt into the havelock website, which would verify 6 things:
mod6: but how? i mean, on mpex its just like "PUSH|MPSIC|LONGKEYFINGERPRINT|QTY"
mod6: how do you specify a destination?
mod6: ok... so with the receipt you just parse that on the remote end and use that to verify.
topace: //2 that its actually from mpex (fingerprint?)
topace: //3 that its a receipt we have not processed already
topace: //4 that its a push receipt to havelock account
topace: //5 that we recognize what was pushed
topace: //6 that the quantity if what was pushed is ok
mod6: yeah, this could get hairy dude.
topace: its actually very straightforward
topace: as long as one can trust and properly interpret the result from gnupg_verify()
mod6: yeah, seems like if you could know for certain about 1-6 it could work pretty good. could reek havoc though if there was any problems.
topace: when i launch it, it'll go through a manual approval step for the first little while, just to make sure :)
topace: but from my understanding, it should work just fine, i ran it by mp too and he seemed to think it should work well
mod6: yeah it seems like it could work out decent. doing it manually in tandom for a while would be good to ensure that the correct values get to the correct accounts, etc.
mod6: its shitty when neat-o libraries don't define their return statements, nor can they be correlated to a given spec.
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.64798 BTC [+]
mod6: at least not easily found or whatever :/
mod6: back to the first statement: On success, this function returns information about the signature. On failure, this function returns FALSE.
assbot: [BTCTC] [BTC-BOND] 25 @ 0.01 = 0.25 BTC [+]
mod6: i'd be nice to know what {1,2,3,4...} are for! lol
assbot: [BTCTC] [COGNITIVE] 1 @ 0.33 BTC [+]
mod6: If verification fails, the gnupg_verify() returns the key's id instead of fingerprint . It does not return FALSE as stated above (PHP4, have not tested PHP5). You can compare it with result of keyinfo:
mod6: so much for returning FALSE
topace: thats what i said, it always returns an array
topace: unless the function itself completely fails for some reason
topace: its just checking the values from the returned array (esp the "validity" field) that i need to be 100% sure about
mod6: this seems like it could work pretty good with some testing
topace: not sure how much demand there would be... its possible now, for free, just manaually processed, and nobody has taken advantage of it yet
topace: but for the naysayers that think im "hogging all the arbitrage" as i add more units to havelock.. it'll satisfy them at least (give them the opportunity to do the same arbitrage)
assbot: [BTCTC] [COGNITIVE] 1 @ 0.3449 BTC [+]
mod6: topace: yeah, seems like it would be some good arbitrage oppertunities -- im sure with this automated demand would pick up over time.
mod6: <bernakazi> We're not engaged in a currency war.
mod6: ALL YOUR BASE ARE BELONG TO US
ThickAsThieves: but to be fair, I didn't know anyone did it til Deadterra
ThickAsThieves: why wouldn't you just hog all the arbitrage if you have the ability?
topace: ThickAsThieves: yea havelock launched teh SDICE passthru beginning of January
topace: and we allow users to push existing holdings from mpex to havelock, or from havelock back to mpex
topace: ThickAsThieves: i dont mind hogging all the arbitrage at all, but its kind of a conflict of interest since i run the site... if my goal is simply arbitrage at least... which it hasnt been since we launched.. my goal has been to grow the sdice holdings on havelock, and the only way to do that is to buy on mpex and sell the units on havelcok, so the arbitrage is a added side-benifit to me.
topace: i move things at break-even often, so no profit from the arbitrage at all
topace: just to get more units onto havelock
topace: but the more liquid the better, so if its easier for others to do the arbitrage as well, im all for that
topace: thus, why i want to setup this automatic push system
topace: instead of having to manually process push requests
ThickAsThieves: but this would only be for people who have an mpex account right
assbot: [MPEX] [S.DICE] 2000 @ 0.00634999 = 12.7 BTC [+]
assbot: [MPEX] [S.DICE] 3000 @ 0.00635 = 19.05 BTC [+]
assbot: [HAVELOCK] [SDICE] 24 @ 0.640001 = 15.36 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.64000002 = 1.28 BTC [-]
assbot: [HAVELOCK] [SDICE] 15 @ 0.64000001 = 9.6 BTC [-]
assbot: [HAVELOCK] [SDICE] 9 @ 0.64 = 5.76 BTC [-]
topace: yea exactly, it would only work if you also had an mpex account
topace: or, had someone with an mpex account willing to purchase/push on you rbehalf (others here have made that offer to people before i've seen)
topace: yea.. i'd do that for havelock users too, if im around
topace: but im not here 24/7, and often when the good arbitrage opportunities come up, you have to act quickly
ThickAsThieves: several us have had urges to cream into your bids for sdice in recent weeks
topace: yea, im amazed at the demand for sdice on havelock
topace: and it just keeps growing
assbot: [MPEX] [S.DICE] 5000 @ 0.00635 = 31.75 BTC [+]
assbot: [HAVELOCK] [SDICE] 8 @ 0.64 = 5.12 BTC [-]
assbot: [HAVELOCK] [SDICE] 15 @ 0.639 = 9.585 BTC [-]
assbot: [HAVELOCK] [SDICE] 13 @ 0.63200001 = 8.216 BTC [-]
assbot: [HAVELOCK] [SDICE] 14 @ 0.632 = 8.848 BTC [-]
ThickAsThieves: would this be something that could be integrated with coinbr
topace: ^ there, i actually LOST bitcoins doing that arbigrage, just to move another 5000 shares to havelock
topace: 1,050,000 SDICE shares now on havelock
topace: not sure about integrating with coinbr, anything is possible though
topace: if coinbr gives you PUSH receipts from mpex, then it would work
jurov: coinbr does push completely manually, i can give you the receipt if needed
topace: do users get the receipt?
topace: well, let me get automatic mpex<-->havelock setup first, then lets talk about setting up coinbr<-->havelock :)
jurov: anyway i did it only once so far... with your offering this may get requested more and be the impetus do do it better
jurov: but i'm very wary of any automatic moving of stuff to/from mpex
jurov: not easy to fix afterwards, you know
pigeons: you'll have to sue the proprieotr in his own court if you make an error
jurov: if there's a know proprietor, ofc
topace: the 'automatic' is going to have a final approval button for me to click for the first little while
topace: but realistically, it should work perfectly
topace: and im always in favour of automating things
topace: i like residual income, not income i have to work for!
jurov: if there's only one fixed address involved it's doable
jurov: but the thought of supporting automatic transfers to anywhere makes my hair stand up
jurov: maybe i'll have to use extra account for that, move the user's stuff there
jurov: and then in separate step move it out
jurov: and accepting incoming transfers likewise on other direction
jurov: so that neither coinbr's core addy gets known nor successful attack of frontend enable attacker to push stuff onto his account
topace: heh you must not trust your own security then :p
jurov: i don't have to trust the filthy bitvps machine, that's all
topace: own all my physical servers
topace: and they're locked in my own cage at the data center
jurov: i prefer to have frontend and backed physically separated
jurov: i also expect ddos, it will make it handling easier if backend is completely elsewhere
jurov: bootstrapping it completely, has to do things as lean as possible
jurov: can't expect any investor in this situation "okay, now tell me more about this mircea popescu" lol
jurov: even if i paint him in rosy colors, then they come around trilema blog and MPOE-PR haha
jurov: whatever. i'm used to doing things in this fashion.
thestringpuller: jurov mircea_popescu will likely be your first big investor
assbot: [BTCTC] [GSDPT] 7 @ 0.00636 = 0.0445 BTC [+]
assbot: [BTCTC] [GSDPT] 93 @ 0.00636 = 0.5915 BTC [+]
jurov: he is not interested in doing noob interface.
jurov: maybe we can do some other project like he did with kakobrekla if i come around interesting idea
jurov: but hockey stick curve for bitbet is possible, if it becomes as popular as sdice
jurov: i decided to dampen things in coinbr by asking monthly fee... after several months i can say i did it right
jurov: the issues i had would be unsolvable with 10-100x higher volume
gribble: Current Blocks: 223259 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 516 blocks | Next Difficulty In About: 3 days, 2 hours, 9 minutes, and 20 seconds | Next Difficulty Estimate: 4336419.58974 | Estimated Percent Change: 18.7731
assbot: [HAVELOCK:SDICE] 1D: 0.63000000 / 0.6383501 / 0.68000000 (240 shares, 153.20402432 BTC), 7D: 0.60000000 / 0.65789684 / 0.74399999 (1300 shares, 855.26589784 BTC), 30D: 0.52100000 / 0.6659979 / 0.89000000 (11030 shares, 7345.95684524 BTC)
jurov: ;;calc 4336419 * 1.5
jurov: how likely is the diff to go up by 50% around March 14?
jurov: with no signs of fpga progress... maybe i can sell some more iDiff-Os at 0.07
assbot: [BTCTC] [GOLD] 1 @ 0.5008 BTC [-]
gribble: BTCUSD ticker | Best bid: 30.96001, Best ask: 30.99000, Bid-ask spread: 0.02999, Last trade: 30.88007, 24 hour volume: 42692.62675683, 24 hour low: 30.11000, 24 hour high: 31.69900, 24 hour vwap: 30.92679
swhitt: I bet BFL won't ship until the end of march
assbot: [BTCTC] [BTC-BOND] 10 @ 0.00991 = 0.0991 BTC [-]
assbot: [BTCTC] [BTC-BOND] 38 @ 0.0099 = 0.3762 BTC [-]
assbot: [MPEX] [S.MPOE] 2800 @ 0.00076 = 2.128 BTC [-]
mod6: 7.62x39 to the ball bag != good day
DeadWeasel: fucking jobs and the money they pay me.
assbot: [HAVELOCK] [KCIM] 10 @ 1 = 10 BTC [+]
deadweasel: srsly, I just don't give a fuck about working anymore.
kakobrekla: all good, been a long day which is just about to start really
deadweasel: bugpowder, you're here! and kakobrekla ! you can watch my apathy grow!
deadweasel: i'm closing this ssh session. these people want to offer me a permament position, I should pretend to work the last 10 minutes i'm here.
jurov: doing things over ssh = not working? strange
assbot: [HAVELOCK] [HIM] 1 @ 17.5 BTC [+]
Bugpowdr: "At this point, bitcoins could go to $0 without any regrets" I seriously doubt that this statement is true.
dub: don't forget the $1000 ripples
jurov: i seriously expected mention of silkroad/satoshidice
jcpham: OMG dub R U SELLING XBC??????!?!?!?!
dub: and yes I am selling it
dub: 100btc each you send first
topace: jesus, HIM trading at 17.50 BTC
topace: good thing we're doing the 1:10 stock split on friday
topace: bring things back to a normal level
dub: eww worldwidewebternet
topace: we're the berkshire hathaway of bitcon investmetns right now
Namworld_afk: Bugpowdr: personally I wouldn't mind that much right if BTC went to zero and died.
burnside: what's the rough hashrate/share right now on HIM?
topace: thestringpuller: just from a high price perspective at least. not referring at all to possible returns
topace: not many people are willing to drop $500+ on a single unit of an investment
topace: yea, we dont want to be b-h :) we want market liquidity
topace: and that only comes at this point with either a) millionaires, or b) lower per-unit price
assbot: [HAVELOCK] [HIM] 1 @ 17 BTC [-]
topace: err actually, ~23GH, we shut off a a few of the old GPU machines, only FPGA's are running now
pigeons: keep talking maybe someone will buy another
midnightmagic: Are they ownership stakes in the mining equipment?
topace: a share is its percent of the total ownership of the compnay
topace: on friday it'll be 4000
midnightmagic: Are the articles of incorporation available somewhere?
midnightmagic: topace: Hey if they're ownership stakes does that mean we can trade the shares in for shipped fpga units?
topace: they arent shares, they are units :)
topace: and no, you cant trade a unit in for a shipped fpga
Bugpowdr: Namworld_afk: you buy puts again?
topace: and have pre-orders in for asic upgrades on every fpga already (since july/august).. if bfl ever ships, lol
topace: the delays all the asic producers have had have been great for the fund though, much better return on the FPGAs
topace: not sure if that'll work, ight have the session in it...
midnightmagic: Are the articles of incorporation somewhere on that page, or are they elsewhere?
midnightmagic: good heravens, if that's you, you're federally incorporated dude.
dub: federation of moosecock?
assbot: [MPEX] [S.MPOE] 10000 @ 0.00074744 = 7.4744 BTC [-]
assbot: [MPEX] [S.MPOE] 2015 @ 0.00074743 = 1.5061 BTC [-]
burnside: topace, thanks, that's pretty good.
assbot: [MPEX] [O.BTCUSD.C310T] 8 @ 0.17554903 = 1.4044 BTC [-]
topace: we're federally incorporated
topace: it costs $200 and takes 15 minutes online to get a federal corporation
topace: with it comes a lot of reporting requirements of course, and those are LEGAL requirements
topace: so its easy to get, but not easy to do all the things you have to do once you have it
assbot: [HAVELOCK] [HIM] 1 @ 18 BTC [+]