assbot: [HAVELOCK] [HIM] 1 @ 1.9999999 BTC [-]
mod6: 12798 blocks remaning ... 81 days behind.
assbot: [HAVELOCK] [SDICE] 25 @ 0.448 = 11.2 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.3862 = 1.1586 BTC [+]
assbot: [HAVELOCK] [VTX] 70 @ 0.3862 = 27.034 BTC [+]
assbot: [MPEX] [S.MPOE] 6624 @ 0.00071498 = 4.736 BTC [+]
assbot: [HAVELOCK] [SDICE] 6 @ 0.44899 = 2.6939 BTC [+]
ThickAsThieves: is there any precedent for holding an exchange culpable for a delay in transaction or deposit action that results in a loss of opporunity to buy at a lower price?
assbot: [HAVELOCK] [SDICE] 2 @ 0.44899989 = 0.898 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.4489999 = 1.347 BTC [+]
assbot: [HAVELOCK] [VTX] 4 @ 0.3862 = 1.5448 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.449 = 1.347 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.45 BTC [+]
assbot: [HAVELOCK] [VTX] 20 @ 0.3862 = 7.724 BTC [+]
gribble: Error: "thicker" is not a valid command.
jurov: ThickAsThieves, only precedent so far was smearing them all over btctalk and reddit, sadly
gribble: Error: Failure to retrieve ticker. Try again later.
jurov: lol, like only goxlag stays working from their whole api
assbot: [HAVELOCK] [VTX] 2 @ 0.386 = 0.772 BTC [-]
rikur: I was about to buy VTX, but I don't want to buy it with BTC when the company is anchored to CAD.
rikur: so if BTC goes up by 10x, I will not benefit from it to the full extent.
ThickAsThieves: thats a good point, among a pile of other reasons the asset is questionable
jurov: yea but buying it by btc/cad has little to do with it
assbot: [HAVELOCK] [VTX] 20 @ 0.386 = 7.72 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00486 BTC [+]
assbot: [HAVELOCK] [SDICE] 22 @ 0.449 = 9.878 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.4489999 = 0.898 BTC [-]
rikur: jurov: I just can't see a reason to anchor the value in CAD. Might be easier in regulatory terms, but I don't think I want to invest in anything based on fiat. :)
tiberiusiv: theres only 3 viable bitcoin companies at the moment
jurov: rikur, how it is anchored to CAD? only IPO amount or is there more long lastin anchor?
assbot: [MPEX] [S.MPOE] 1936 @ 0.00071498 = 1.3842 BTC [+]
assbot: [MPEX] [S.MPOE] 16700 @ 0.00071661 = 11.9674 BTC [+]
assbot: [MPEX] [S.MPOE] 364 @ 0.0007234 = 0.2633 BTC [+]
jurov: but it is already valued in BTC.. at least on havelock website
jurov: but that what i'm asking, how?
assbot: [HAVELOCK] [VTX] 23 @ 0.386 = 8.878 BTC [-]
jurov: so only the ipo price is cad, then? after ipo it will float freely against both cad and btc, no?
rikur: jurov: hmm. Maybe the video was a bit misleading.. but it's weird and flawed.
rikur: will my stock valuation go down if BTC goes up or not?
rikur: maybe I should call the guy and ask
ThickAsThieves: but odds are it will go down in btc value if btc price goes up
jurov: but that's true for any other asset that has some fiat-world operation, no?
assbot: [HAVELOCK] [VTX] 2 @ 0.386 = 0.772 BTC [-]
jurov: like ziggp, bitpride, esecurity,...
rikur: meh.. the CAD valuation still bugs me off. I will give it some more thought.
kakobrekla: listening to that jewtube vid is like listening to some insta infinity money scam vid
ThickAsThieves: what i dont understand is, why are so many people buying so much of it
jurov: perhaps canadian pride
tiberiusiv: rikur is the income derived in BTC or CAD?
assbot: [HAVELOCK] [HIM] 1 @ 1.85560001 BTC [-]
ThickAsThieves: but i do like how thy took more time than some to prepare their documents and a vid
tiberiusiv: it doesnt matter what the stock is *valued* in
assbot: [HAVELOCK] [VTX] 13 @ 0.3866 = 5.0258 BTC [+]
tiberiusiv: what matters is the income it recievers
benkay: what's the news, friends?
rikur: tiberiusiv: I have absolutely no diea, since they will actually register you as a real shareholder of the canadian company (if you want).
rikur: and even that extra if is weird.
rikur: I don't think that a hybrid model between BTC and fiat works.
tiberiusiv: that means hes paying canadian income tax
tiberiusiv: explains why he has to do accounting in cad dollars
rikur: Basically, the guy here is hoping to get 100 000 CAD worth of bitcoins, give you the CAD equilevant of his company to you and keep the bitcoins
assbot: [HAVELOCK] [HIM] 1 @ 1.8556 BTC [-]
assbot: [HAVELOCK] [HIM] 2 @ 1.855 = 3.71 BTC [-]
mod6: yeah thats not gonna end well
ThickAsThieves: but if they cant make a profit with the revenue they have so far
rikur: well with their volumes and 3% exchange fee, they should be able to cover the costs without it :)
rikur: why would you ever do an IPO unless you have to?
jurov: why not? free money
assbot: [HAVELOCK] [VTX] 12 @ 0.3866 = 4.6392 BTC [+]
assbot: [HAVELOCK] [VTX] 19 @ 0.3866 = 7.3454 BTC [+]
benkay: what does it mean in bitcoin world, thickasthieves?
jurov: benkay, free money as i said
smickles: free money to most of glbse assets
assbot: [HAVELOCK] [VTX] 12 @ 0.3866 = 4.6392 BTC [+]
assbot: [HAVELOCK] [VTX] 12 @ 0.3866 = 4.6392 BTC [+]
smickles: >95% of those turned out as outright scams
smickles: now we have a half dozen glbse clones
assbot: [HAVELOCK] [HIM] 1 @ 1.855 BTC [-]
Namworld: But others staff complained about the tiles background.
Namworld: You prefer with the white background like it is now or the old one?
jurov: Investors show 404
assbot: [HAVELOCK] [VTX] 3 @ 0.3866 = 1.1598 BTC [+]
Namworld: I know. I need to add that page
benkay: once again testing production in public
assbot: [HAVELOCK] [VTX] 4 @ 0.3866 = 1.5464 BTC [+]
ThickAsThieves: i'm paying Rackspace like $450/mo right now, seems overpriced...
jurov: and the terms of use still lie that "Users with excessive CPU usage will be notified before any action is taken."
assbot: [HAVELOCK] [SDICE] 3 @ 0.449 = 1.347 BTC [+]
ThickAsThieves: oh this is the same service that fumbled your ddos day
assbot: [HAVELOCK] [VTX] 1 @ 0.3866 BTC [+]
smickles: i thought i got ddosed once, turns out that someone actually visited my site
jurov: smickles, the blog?
smickles: jurov: heh, yeah. ofc, i'm just kidding around
Namworld: A ban on DDoS is not about CPU. It's bandwidth saturating.
smickles: i've got the mpex gui sales setup there too
Namworld: Yeah, we have a managed option
Namworld: moment, still making fixes for the switchover
jurov: lmao www.quickbitcoins.net linked from "News" testimony doesn't load
smickles: wait, so a biological male is fighting women for money?
jurov: so typical for bitvps
jurov: Namworld, can I add my testimony, too?
assbot: [MPEX] [S.MPOE] 13036 @ 0.0007234 = 9.4302 BTC [+]
dub: ThickAsThieves: thats not cricket!
dub: getting to beat up on chicks just because you had your manbits chopped off
ThickAsThieves: its actually a pretty awesome test for where the line is on feminism and gender equality
ThickAsThieves: are women willing to concede that men are simply more powerful to stop this?
assbot: [HAVELOCK] [VTX] 6 @ 0.3921 = 2.3526 BTC [+]
dub: they don't concded this already?
ThickAsThieves: and i'm sure it would make many women cringe to say so
jurov: poor namworld. i feel sorry now :(
assbot: [HAVELOCK] [VTX] 97 @ 0.3921 = 38.0337 BTC [+]
Namworld: yeah, quickbitcoins.net is no longer around
assbot: [HAVELOCK] [VTX] 1 @ 0.3839 BTC [-]
jurov: put in satoshidice comment to the bloomberg nonsense
ThickAsThieves: it reads like an essay that was turned in late by a 10th grader
benkay_: that's all american print media can afford
benkay_: did you grok the atlantic kerfuffle recently?
assbot: [BTCTC] [PAJKA.BOND] 3 @ 0.108999 = 0.327 BTC [-]
benkay_: some jr editor wanted to pay an author 100 bucks for a rewrite of a rather lengthy piece
assbot: [BTCTC] [BTC-BOND] 13 @ 0.0099 = 0.1287 BTC [+]
assbot: [HAVELOCK] [VTX] 9 @ 0.3839 = 3.4551 BTC [-]
gribble: Error: Failure to retrieve ticker. Try again later.
assbot: [MPEX] [S.MPOE] 2964 @ 0.00072379 = 2.1453 BTC [+]
assbot: [MPEX] [S.MPOE] 10786 @ 0.00072101 = 7.7768 BTC [-]
gribble: Error: Failure to retrieve ticker. Try again later.
tiberiusiv: anyone think the recent price climb will end badly
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.858 BTC [+]
benkay: but "badly" is subjective.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.858 BTC [+]
assbot: [HAVELOCK] [VTX] 26 @ 0.3828 = 9.9528 BTC [-]
Troic: cheap floor, china ?
Bowjob: i got a boner off of it. 4 avalons
tiberiusiv: moving on up from 3rd world to 1st with those 4 devices
Bowjob: there was no option to upgrade to 4 modules for batch, if they charge 22 BTC for one module, then f that
error4733: ok that why i had those numbers in head
tiberiusiv: even with the current price bitcoin liquidity has not substantially improved
tiberiusiv: still huge slippage trying to sell larger ammounts
error4733: ok so you tell me this guy, make 2K$ day ?
assbot: [HAVELOCK] [VTX] 5 @ 0.3828 = 1.914 BTC [-]
Bowjob: depending on btc price increase, even more
error4733: true picture 100% ? can do the same box in one week
Bowjob: what ever happened to ianbakewell
Bowjob: he was 600 BTC short at 34.50
assbot: [HAVELOCK] [VTX] 10 @ 0.3856 = 3.856 BTC [+]
Bowjob: hasnt been online since march 4th
Bowjob: he missed 2 payments already
Bowjob: his 3rd payment is due tomorrow
assbot: [HAVELOCK] [VTX] 25 @ 0.3856 = 9.64 BTC [+]
Bowjob: i dont know if he's been paying or not.. but
Bowjob: that short must hurt like a bitch
tiberiusiv: I should have no problem repaying this as long as BTC stays bellow $41.66 ... if it goes above we would need to work something out for a bit more time to repay.
kakobrekla: Last Active: March 04, 2013, 04:01:41 PM
smickles: is this yet another guy who risked more than he had to lose?
tiberiusiv: man these losers borrow BTC to sell for fiat to pay credit cards and shit
tiberiusiv: i dont get why people are loaning BTC, to users who cannot even manage fiat debts
Bowjob: looks like he hasn't paid yet either
Bowjob: Yeah, loaning is very risky
Bowjob: I have 3 BTC lent out currently
assbot: [BTCTC] [PAJKA.BOND] 7 @ 0.108999 = 0.763 BTC [-]
Bowjob: i pick my loaners very carefully, and just small amounts
smickles: ouch, sucks to be that aesop dood
tiberiusiv: why would you lend to people who dont have BTC based incomes?
tiberiusiv: right now there is maybe 0.1% of bitcoiners who have the capability to repay
assbot: [HAVELOCK] [VTX] 2 @ 0.3856 = 0.7712 BTC [+]
Bowjob: I posted a bet that ianbakewell is gonna scam
tiberiusiv: how can someone offer 3% a week on btc without having the income to pay
smickles: maybe it just needed to be rephrased
tiberiusiv: his real interest rate is around 300% a week
gribble: Error: Failure to retrieve ticker. Try again later.
tiberiusiv: amazing how people never question that
tiberiusiv: then wonder why the present financial system is bankrupt
gribble: Error: Failure to retrieve ticker. Try again later.
smickles: tiberiusiv: in many parts of the us, if you charge over x% annual (ie 10%) the debtor only has to pay back at the x% rate
smickles: some places they can sue you and not have to pay back at all
tiberiusiv: the thing is how do people expect someone to repay something extremely scarce and difficult to obtain
tiberiusiv: if you have to borrow you should borrow USD
smickles: you should always borrow known inflationary things
assbot: [HAVELOCK] [VTX] 50 @ 0.3856 = 19.28 BTC [+]
tiberiusiv: most of the bitcoin borrowers are such deadbeats that they cannot even obtain fiat credit, yetpeople are willing to loan them BTC?
tiberiusiv: why wouldnt that joker just borrow off his credit card to buy the 300 BTC he needed
benkay: that's an excellent idea
Bowjob: well theres this kid who borrowed .7 btc
smickles: it's cheaper than borrowing btc
tiberiusiv: borrowing off the CC is much better then borrowing BTC
tiberiusiv: smickles: the real rate of interest on BTC this week is like 300%
Bowjob: I weep for those 600 BTC
tiberiusiv: if you cannot obtain fiat credit in a 0% interest rate world you have to be an utter deadbeat
tiberiusiv: why arent btc creditors asking themselves that?
smickles: tiberiusiv: looks more like 465%
Bowjob: There was this dude willing to lend this kid 100 BTC
Bowjob: if he got other investors
tiberiusiv: bitcoin has no mechanism(inflation) to bail out debtors
tiberiusiv: so loans have to be very carefully analyzed
smickles: you gotta figure a rate of deflation and tac that on to the charged interest
tiberiusiv: as i said earlier, less then 0.1% of the bitcoin users qualify for BTC loans as first you need a BTC derived income
tiberiusiv: meaning at the moment worthy borrowers are either miners, or those running btc gambling sites
smickles: but i'm not looking to borrow btc
assbot: [HAVELOCK] [VTX] 50 @ 0.3856 = 19.28 BTC [+]
tiberiusiv: the benefit to bitcoin is it eliminates idiots from holding them
Namworld: yeah, but that's USD/hour derivated.
smickles: Namworld: i suppose most of it is
tiberiusiv: no you have the legit investors, scammers and legit business
tiberiusiv: the idiot component is too broke to participate
tiberiusiv: overtime bitcoin related scams will decrease substantially
smickles: ;;calc 130590.75406879/1000000000
tiberiusiv: and the scammed coins will be sold to real users(spent) or invested into btc business's
assbot: The eagle never lost so much time as when he submitted to learn from the crow.
assbot: Last trade for S.MPOE on MPEX was at 0.00072101 BTC [-]
gribble: Error: Failure to retrieve ticker. Try again later.
Bowjob: what happened to the ticker
smickles: i haven't seen a mtgox usd trade go by in a while
assbot: [HAVELOCK] [KCIM] 1 @ 1.001 BTC [-]
smickles: and my bot can't read the mtgox depth for usd
smickles: no mtgoxusd trades in the past hour or so according to amphipod
assbot: [HAVELOCK] [VTX] 4 @ 0.3855 = 1.542 BTC [-]
smickles: tiberiusiv: gox still does > 80% of the public btc/fiat trade
smickles: it's significant if they arn't trading
smickles: or arn't trading usd, in this case
tiberiusiv: by the end of 2013 i bet you gox USD trade is in the 50's
assbot: [HAVELOCK] [VTX] 21 @ 0.3923 = 8.2383 BTC [+]
tiberiusiv: by 2014 i would be surprised if gox did over 50% of fiat trade
smickles: hmm, well that 62% is still around 10x their nearest competitor
tiberiusiv: smickles they have been bleeding market share since 2011
assbot: [HAVELOCK] [VTX] 1 @ 0.3923 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 40 @ 0.108999 = 4.36 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 126 @ 0.109 = 13.734 BTC [+]
benkay: someone is hoping that bringing gox ops to america will make things work more smoothyl
smickles: exactly, and haven't moved for a while
tiberiusiv: benkay: the US is still the center of the world
smickles: bitcoincharts shows no trades since the new day on their chart
jcpham: smickles said stabilized
assbot: [HAVELOCK] [VTX] 13 @ 0.3923 = 5.0999 BTC [+]
jcpham: reminds me of pirate interest
benkay: tiberiusiv: you're probably familiar with what happens to centers of the world when their currecies blow up
tiberiusiv: benkay: considering the majority of dollars are outside of the US the losses occur to creditors
assbot: [HAVELOCK] [SDICE] 3 @ 0.4848 = 1.4544 BTC [+]
smickles: 70.85 and unchanged in 10 minutes
benkay: what are the other exchanges doing right now?
smickles: 23:27 <+amphipod> Mar21 23:27:38 bc 0.1689 @ 58.50 EUR
smickles: 23:28 <+amphipod> Mar21 23:27:51 mtgox 0.1000 @ 56.79214 EUR
smickles: 23:28 <+amphipod> Mar21 23:28:11 btc24 x3 7.1900 @ 57.00 EUR
ThickAsThieves: that suggested bid feature they have is kinda fucked up
assbot: [HAVELOCK] [VTX] 2 @ 0.3923 = 0.7846 BTC [+]
assbot: [HAVELOCK] [VTX] 202 @ 0.3923 = 79.2446 BTC [+]
smickles: maybe they tried to go live with the coinlab thing at midnight utc
assbot: [BTCTC] [B.YABMC] 1 @ 0.016 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.01591 BTC [-]
assbot: [BTCTC] [B.YABMC] 10 @ 0.0155 = 0.155 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.015 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.014 BTC [-]
benkay: what precisely is this weirdness?
smickles: lol, a whole bunch of 70.85 trades went thru
smickles: ThickAsThieves: i have no clue, just weirdness today
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00401 BTC [-]
ThickAsThieves: thats what happens when gox tells all buyers that rate is 70.85
assbot: [HAVELOCK] [VTX] 12 @ 0.395 = 4.74 BTC [+]
assbot: [HAVELOCK] [SDICE] 2 @ 0.4848 = 0.9696 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.48489999 BTC [+]
assbot: [HAVELOCK] [SDICE] 4 @ 0.485 = 1.94 BTC [+]
assbot: [BTCTC] [GSDPT] 1 @ 0.0042 BTC [-]
assbot: [HAVELOCK] [VTX] 50 @ 0.395 = 19.75 BTC [+]
assbot: [HAVELOCK] [VTX] 15 @ 0.395 = 5.925 BTC [+]
assbot: [HAVELOCK] [VTX] 3 @ 0.395 = 1.185 BTC [+]
assbot: [HAVELOCK] [VTX] 4 @ 0.395 = 1.58 BTC [+]
dub: ThickAsThieves: your proposal makes too much sense
benkay: so someone just gave me this raspberry pi, and if I weren't actually busy with things, I'd set up a mining company called "MINIMINER"
benkay: mimic all the scam copy
dub: thow in some spelling/grammar fuckups
Bowjob: so its pegged to the dollar then
dub: thats not a spelling error btw thats lag
jurov: btc/cad SPOT price?
jurov: that would be insane
Bowjob: still figuring out if they are worth 3 million dollars
Bowjob: coinlab is going to the us, they mentioned canada..
assbot: [HAVELOCK] [VTX] 57 @ 0.395 = 22.515 BTC [+]
Bowjob: mhm, people seem to buy it
ThickAsThieves: they are super slow in updating their price on the ltcglobal version
assbot: [HAVELOCK] [VTX] 1 @ 0.4084 BTC [+]
fulluser20: anything i can trade with only 0.02 btc
Bowjob: i can trade you some tf2 hats
assbot: [HAVELOCK] [VTX] 4 @ 0.4084 = 1.6336 BTC [+]
Bowjob: litecoins are pretty much back to where it was
Bowjob: slightly above before the great flash rally
assbot: [HAVELOCK] [VTX] 3 @ 0.4084 = 1.2252 BTC [+]
assbot: [HAVELOCK] [VTX] 500 @ 0.4084 = 204.2 BTC [+]
Bowjob: you can get them via drop, but you can sell them for paypal stuffs
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.85887 BTC [+]
Bowjob: you can be the king of TF2 if you have the burnign team captain hat, worth about $3 grand
Bowjob: and yes, people pay real money for hats
assbot: [HAVELOCK] [VTX] 3 @ 0.4084 = 1.2252 BTC [+]
fulluser20: I´ll be better modeling something for second life
Bowjob: the top hat maker makes about 500k a year
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1099 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.4013 BTC [-]
Bowjob: I know who bought the avalon for 20k
assbot: [HAVELOCK] [VTX] 4 @ 0.4013 = 1.6052 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.4013 = 1.2039 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.4013 = 1.2039 BTC [-]
gribble: BTCUSD ticker | Best bid: 70.90000, Best ask: 70.90001, Bid-ask spread: 0.00001, Last trade: 70.90001, 24 hour volume: 92929.72727128, 24 hour low: 63.10100, 24 hour high: 74.90000, 24 hour vwap: 69.25416
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.85887 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.4013 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.4074 = 0.8148 BTC [+]
mod6: lol 71 days to go...
assbot: [HAVELOCK:VTX] 1D: 0.38280000 / 0.39073395 / 0.43320000 (5939 shares, 2320.56890000 BTC), 7D: 0.38280000 / 0.39183944 / 0.46140000 (6063 shares, 2375.72250000 BTC), 30D: 0.38280000 / 0.39183944 / 0.46140000 (6063 shares, 2375.72250000 BTC)
assbot: [HAVELOCK] [VTX] 535 @ 0.4074 = 217.959 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.4074 BTC [+]
assbot: [HAVELOCK] [VTX] 181 @ 0.4074 = 73.7394 BTC [+]
assbot: [HAVELOCK] [VTX] 25 @ 0.4013 = 10.0325 BTC [-]
assbot: [BTCTC] [COGNITIVE] 1 @ 0.16 BTC [+]
assbot: [HAVELOCK] [VTX] 200 @ 0.4013 = 80.26 BTC [-]
assbot: [HAVELOCK] [VTX] 10 @ 0.4013 = 4.013 BTC [-]
Namworld: There's plenty of money for VTX
assbot: [HAVELOCK] [VTX] 7 @ 0.4013 = 2.8091 BTC [-]
assbot: I don't know those people, and they don't look very friendly.
assbot: [HAVELOCK:VTX] 1D: 0.38280000 / 0.39283695 / 0.43320000 (6898 shares, 2709.78930000 BTC), 7D: 0.38280000 / 0.39375433 / 0.46140000 (7022 shares, 2764.94290000 BTC), 30D: 0.38280000 / 0.39375433 / 0.46140000 (7022 shares, 2764.94290000 BTC)
assbot: [BTCT:ASICMINER-PT] 1D: 0.832 / 0.87807 / 0.93 (269 shares, 236.2 BTC), 7D: 0.769995 / 0.85241 / 0.9489 (1434 shares, 1222.4 BTC), 30D: 0.65 / 0.76435 / 1 (3497 shares, 2672.9 BTC)
mircea_popescu: cavirtex got more in a day than asicmienr in two weeks.
assbot: [BTCTC] [ASICMINER-PT] 12 @ 0.85887 = 10.3064 BTC [+]
Namworld: all havelockinvestments.com funds are blown...
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.85888 = 2.5766 BTC [+]
Namworld: idk why but maybe Canadians just don't know about anything else that that one.
assbot: [HAVELOCK] [VTX] 30 @ 0.3987 = 11.961 BTC [-]
Namworld: and don't know about the risks involved.
mircea_popescu: i mean, they wanted 300k got about half of it so far ?
Namworld: more than that. Like 7/10th of it
unbalanced: Namworld: what are the other fund/investment options for those of us who aren't on mpex directly?
Namworld: Although the quality choices are more limited
unbalanced: Thanks, I just can't keep up with all the developments and keep my day job.
unbalanced: What's this bitfinex I heard earlier today a few times?
unbalanced: Googled it, just saw a gaming hardware builder
mircea_popescu: unbalanced there's mpex pass-through vehicles pretty much on all three
mircea_popescu: also jurov runs a broker website (coinbr.com) and i think he's doing something with futures too
assbot: [HAVELOCK] [VTX] 22 @ 0.4027 = 8.8594 BTC [+]
unbalanced: I was pleased to find SDICE via Havelock and haven't looked much past that.
unbalanced: Ah... so MPOE-PR seriously isn't you with a girl's picture?
unbalanced: Or are we not allowed to ask that? "Pay no attention to the man behind the curtain!"
unbalanced: (Someone will do a lexical analysis someday.)
dub: I think its a bit of both
dub: theres a girl driving the account, sometimes she gets scripts or at least dictation
unbalanced: Listen I should warn you all I put some serious (for me) money into Bitcoin today after not holding nearly enough during the run-up.
unbalanced: So, yeah. That was officially the top.
mircea_popescu: dub she's pr, obviously she dioesn;'t compose her own poetry over there.
dub: at least in my opinion, some of the rants take on a scary level of MP semblance
unbalanced: Okay so coinbr gets me access to some of the MPEx features I wouldn't get yet with Havelock. Roger.
dub: and reduced risk of avoiding passthroughs
mircea_popescu: actually most of her job consists on reading, selecting and summarizing the nonsense people post there.
unbalanced: My favourite in the FAQ is #10: "You know those charts without any indication of scale ? That's not how charts work."
unbalanced: *That's* where I've seen coinbr.com before... for its charts. Didn't grok that it was also a service.
assbot: [HAVELOCK] [VTX] 2 @ 0.4027 = 0.8054 BTC [+]
assbot: [HAVELOCK] [VTX] 248 @ 0.4027 = 99.8696 BTC [+]
unbalanced: Maybe a darker body font if you go with that grid-y background. Or did I misunderstand vote?
Namworld: actually, just tile vs no tiles for background. So far seems people liked tiles more but just checking further.
Namworld: Rest of the staff doesn't agree with the tiles
gribble: BTCUSD ticker | Best bid: 72.00001, Best ask: 72.05000, Bid-ask spread: 0.04999, Last trade: 72.05000, 24 hour volume: 93837.20934717, 24 hour low: 63.10100, 24 hour high: 74.90000, 24 hour vwap: 69.38534
smickles: i should hire someone to troll the forum and report its activity back to me too
unbalanced: I like tiles but small body font is too close a shade to them. IMO
Namworld: I'll add some background container for the text
unbalanced: But the all-white bg beats the one with a container for the next.
unbalanced: mircea_popsecu: see above, I bought in. Kiss of death.
Bowjob: bitcoin such a fail investment
Bowjob: brb, moving to ixcoins
smickles: mircea_popescu: mtgox cooled things off by stopping usd trades for ~10 min following midnight utc
smickles: yeah, for that time it showed last: 70.85
smickles: gribble's ticker didn't work b/c it used the
http api ticker which was offline
smickles: and only non usd trades were being made
smickles: my bot couldn't even fetch the market depth for usd
assbot: [HAVELOCK] [VTX] 10 @ 0.4027 = 4.027 BTC [+]
dub: any big trades prior?
smickles: it happened to the second on midnight
the-bucket-shop: I came in mid conversation - does someone need someone to set up a vote on bitcointalk about whether to add a tile background to mpex.co? In addition to the cherries?
smickles: my wild guess what it was a botched switch over to coinwho
smickles: realtime polls, all animated and such
unbalanced: mircea_popescu: thanks for the FAQ link btw... I'd already read it, but I'll have to take a vacation to implement and the now-$2100 equiv for a seat is out of my budget range. I was too late to the party so I'll have to stick with the passthroughs.
unbalanced: mucho respect for what y'all have built though. I feel smarter just trying to read up on this channel.
unbalanced: I could do without the nastier porn links, but hey, that's just me.
unbalanced: smickles: is @dandirks, the strawpoll guy, a bitcoiner?
assbot: [HAVELOCK] [VTX] 100 @ 0.4027 = 40.27 BTC [+]
smickles: unbalanced: i don't have any idea
assbot: [HAVELOCK] [VTX] 7 @ 0.4027 = 2.8189 BTC [+]
smickles: i just know of the site from other people using it
dub: whats a fair markup for otc bitcoin?
unbalanced: And just a coincidence then -- I do some polling stuff and we work in node.js and we built something like that. That's what I'm talking about, you brainiacs knock something out in a weekend and I can't get a project launched in a year.
smickles: dub: depends on the method of transmission
assbot: [HAVELOCK] [VTX] 100 @ 0.4027 = 40.27 BTC [+]
Namworld: I did that somewhere when Bitcoin price started getting volatile. I use it to wake me up when price goes past my set threshold.
smickles: i'd only give travel consideration to the markup on face to face cash
unbalanced: mircea_popescu, I read your stuff (er, MPOE-PR's) about "you're not exceptional, get over yourself" or somesuch. Brilliant... and I had to agree. I'd come to that realization already tho.
dub: cause they will ask what my end is and think its wierd there isnt one
mircea_popescu: this bitcoin surge is pretty cool in that it drives people back to btc. this person invested in mpoe on the first round (feb 2012)
mircea_popescu: then made a mpex acct back then, had shares transfgerred there
mircea_popescu: i'm like sure... all the many thousand dollars' worth of it
mircea_popescu: smickles it'd be shit tho casue it'd mix across opex lines i think
dub: I guess .5 or 1% would be ok
smickles: i feel it'd be an indicator of how well mpoebot is doing
mircea_popescu: smickles if you think about it, 1 week oix is across lines for 12 days out of 30
smickles: bah, i only want it for this in the last week
smickles: otherwise, the 7day is just fine
mpexbot: smickles: 1 day: no data 7 day: average: 55.42906834 high: 57.60574549 low: 51.19305144 volume: 14257 btc: 1202.67534357 30 day: no data
smickles: that implies that there's a lot of getting fucked about to happen if the price holds
mircea_popescu: if someone bought calls when the price was 40 implying 50 they're golden
smickles: aw, that's no fun, and should reread how that's calculated
assbot: [HAVELOCK] [VTX] 22 @ 0.3987 = 8.7714 BTC [-]
assbot: [HAVELOCK] [VTX] 4 @ 0.3987 = 1.5948 BTC [-]
assbot: [HAVELOCK] [VTX] 50 @ 0.3987 = 19.935 BTC [-]
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO) {short: !t}
assbot: !last <exchange> <ticker> (desc: returns last price value, supported: MPEX, HAVELOCK, BTCTCO) {short: !l}
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
assbot: !rules <nick/chan> (desc: chan guidelines) {short: !r}
assbot: !exchanges <nick/chan> (desc: lists exchanges and brokers) {short: !e}
assbot: [HAVELOCK] [VTX] 200 @ 0.3987 = 79.74 BTC [-]
assbot: [HAVELOCK] [VTX] 50 @ 0.3987 = 19.935 BTC [-]
assbot: Are you sure you have no tobacco?
assbot: [HAVELOCK] [VTX] 8 @ 0.3987 = 3.1896 BTC [-]
assbot: Last trade for S.MPOE on MPEX was at 0.00072101 BTC [-]
mod6: mircea_popescu: yeah
assbot: [HAVELOCK] [SDICE] 4 @ 0.445 = 1.78 BTC [-]
mod6: smickles: i've always had a special place in my heart for anyone who sports that bumper sticker
mod6: don't see it very often, but when I do, i smile :)
smickles: this is the first i've seen it
mod6: oh its an oldie but goodie
mod6: and pretty rare to see. gotta love it.
dub: you'll find it right next to a confederate flag sticker
dub: the driver will be chewing tobacco
mod6: those people are nitwits
smickles: maybe you'll see hoffman's 'steal this book' above it in the window
smickles: or mitnicks 'the art of deception'
smickles: naw, he's just a yankee carpet-bagger
dub: leftie, greenie, nigger.. choose your favorite reason to hate
smickles: oh, i get it, dub is al rhoker
gribble: BTCUSD ticker | Best bid: 72.31111, Best ask: 72.40795, Bid-ask spread: 0.09684, Last trade: 72.50000, 24 hour volume: 92454.90765557, 24 hour low: 63.10100, 24 hour high: 74.90000, 24 hour vwap: 69.55651
gribble: BTCUSD ticker | Best bid: 72.31111, Best ask: 72.40795, Bid-ask spread: 0.09684, Last trade: 72.50000, 24 hour volume: 92454.90765557, 24 hour low: 63.10100, 24 hour high: 74.90000, 24 hour vwap: 69.55651
Bowjob: hyper inflation is happening
Bowjob: fuck i dont know whats next after trillion
mircea_popescu: anyway, am i the only one amused at the circumstance that the silly left has vanquished all hatespeech, they don't hate niggers, spics or spans anymore
mod6: haha, yeah the left used to be the ones with the white hoods on
mod6: the old-south democrats
Namworld: Is it me or everyone are sociopaths nowadays?
mod6: dixie-crats or whatever
mircea_popescu: that's the great progrss here : by detaching nigger-ness from skin color, slovenly-sluttyness from cuntal lips and everything from everything else
assbot: [HAVELOCK] [VTX] 2 @ 0.3987 = 0.7974 BTC [-]
mircea_popescu: and live under the impression that while you walk the earth with the retarded brain of the spanish faithful cca 1500
assbot: [HAVELOCK] [VTX] 50 @ 0.3987 = 19.935 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.3987 = 0.7974 BTC [-]
mod6: (19:46) < smickles> mircea_popescu: and smokers << this is ironic as obama is a smoker
dub: dammit people wanting me to be useful on a firday
dub: so yeah; left, green, black and according to some silly chart linked here the other day, in the 1%
dub: thats gotta put a few 'muricans into therapy rite?
dub: oh and I'm fine with paying >50% tax and geting free healthcare for it
assbot: [HAVELOCK] [VTX] 20 @ 0.3987 = 7.974 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.3987 = 0.7974 BTC [-]
dub: the state provides for me, so I provide for them
assbot: [BTCTC] [S.DICE-PT] 16 @ 0.00486 = 0.0778 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 4 @ 0.00486 = 0.0194 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.3976 BTC [-]
assbot: [MPEX] [O.BTCUSD.P510T] 1 @ 0.05328501 BTC [+]
assbot: [HAVELOCK] [VTX] 25 @ 0.3976 = 9.94 BTC [-]
assbot: [HAVELOCK] [VTX] 8 @ 0.3976 = 3.1808 BTC [-]
dub: has to be reptilian manipulation
gribble: There are currently 20145.971 bitcoins demanded at or over 60.0 USD, worth 1315049.984 USD in total. | Data vintage: 74.7298 seconds
assbot: [HAVELOCK] [VTX] 75 @ 0.3976 = 29.82 BTC [-]
gribble: There are currently 17615.611 bitcoins offered at or under 75.0 USD, worth 1308515.06392 USD in total. | Data vintage: 95.0453 seconds
kakobrekla: you can judge by the sound if you knock on it
mod6: (19:58) < dub> because tax is good << trolololo?
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35497416 = 354.9742 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 2 @ 0.137451 = 0.2749 BTC [-]
assbot: [MPEX] [O.BTCUSD.P750T] 998 @ 0.16907668 = 168.7385 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35516019 = 355.1602 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.3914 = 0.7828 BTC [-]
dub: mod6: I recognise the need for governance over human society and an happy to support it
dub: we're just too shit as individuals to make it work
assbot: [HAVELOCK] [VTX] 2 @ 0.3914 = 0.7828 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.3914 BTC [-]
smickles: hmm, what does it mean if gov't is made up of individuals?
assbot: [HAVELOCK] [SDICE] 4 @ 0.44000002 = 1.76 BTC [-]
assbot: [HAVELOCK] [SDICE] 9 @ 0.44000001 = 3.96 BTC [-]
assbot: [HAVELOCK] [SDICE] 7 @ 0.44 = 3.08 BTC [-]
dub: its hopefully not, they act under rules decided by majority
dub: yeah or democracy, whatever you want to call it
benkay: how exactly is goxlag calculated?
smickles: are there any democracies in the world
smickles: i was under the impression that most 'democracies' are actually republics
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35534611 = 355.3461 BTC [+]
dub: the method of governance is what im interested in, not an arbitrary label but I think no?
assbot: [MPEX:S.MPOE] 1D: 0.00069171 / 0.0007234 / 0.00074208 (363544 shares, 262.99 BTC), 7D: 0.00066743 / 0.00072074 / 0.00077505 (3180083 shares, 2,292.02 BTC), 30D: 0.00061614 / 0.00070767 / 0.00078628 (37489099 shares, 26,529.98 BTC)
gribble: BTCUSD ticker | Best bid: 73.40000, Best ask: 73.54000, Bid-ask spread: 0.14000, Last trade: 73.54000, 24 hour volume: 92626.33775863, 24 hour low: 63.10100, 24 hour high: 74.90000, 24 hour vwap: 69.81455
assbot: [HAVELOCK] [VTX] 23 @ 0.3909 = 8.9907 BTC [-]
assbot: [HAVELOCK] [VTX] 25 @ 0.3909 = 9.7725 BTC [-]
assbot: [HAVELOCK] [VTX] 12 @ 0.3909 = 4.6908 BTC [-]
assbot: [HAVELOCK] [VTX] 45 @ 0.3909 = 17.5905 BTC [-]
dub: democracy is when people vote for politicians who in turn vote, in accordance their constituancies wishes, on propsed pieces of legistaltion
mircea_popescu: yeah. and the fate of democracy is for those politicians to observe that they can squander othe people's money.
assbot: [HAVELOCK] [VTX] 35 @ 0.3909 = 13.6815 BTC [-]
assbot: [HAVELOCK] [VTX] 153 @ 0.3909 = 59.8077 BTC [-]
dub: smickles: maybe according to your schooling
smickles: how strange, it also resembles what plato described
mircea_popescu: traditionally the republic is the place where the laws prevail
mircea_popescu: pretty much everyone agrees democracy = disaster, as in, wrose than tyrrany
dub: how do laws get created
mircea_popescu: in the classical republic the laws were "always there". some mystical origin or whatever.
smickles: convince the soldiers they came from the land
mircea_popescu: the idea of a state without the power to legislate is quite appealing, actually. pretty much the onl;y way "the state" can work is if it can make no laws and raise no taxes.
dub: well I guess my outlook is more grounded in reality that whimsical language of philosophy
mircea_popescu: dub another way to say this would be that your outlook is more grounded in fashion and ignorance than literacy.
mod6: it wasn't whimsical to the authors of the constitution and the bill of rights.
dub: well the bill of rights is a bit of a joke
smickles: in the republic, the laws come from the senators
dub: the right to wholesale slaughter each other because you are scared fo the govt you elected
mircea_popescu: smickles is an entire "law of men / law of gods" issue there
assbot: [HAVELOCK] [VTX] 103 @ 0.3909 = 40.2627 BTC [-]
mircea_popescu: but nobody had the authority to ban smoking, or invent pedophilia as an offense
assbot: [HAVELOCK] [VTX] 4 @ 0.3909 = 1.5636 BTC [-]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38439702 = 384.397 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35562479 = 355.6248 BTC [+]
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41316925 = 413.1693 BTC [+]
smickles: mircea_popescu: the idea was to make the laws in accordance with what the gods wanted, which was decided upon by debate
dub: so in general if you have kids you don't want them getting fucked until they are old enough to decide who they want to fuck
assbot: [HAVELOCK] [HIM] 1 @ 1.99 BTC [+]
mircea_popescu: dub i didn't pick that example by accident. it was pretty much the largest civil issue in greece.
dub: unfortunately there are old people around that would liek to fuck your kids
dub: so in order to protect your kids you propose a law against fucking them
dub: you gather support for this law and if enough people agree it becomes one
mircea_popescu: towards the mid phase they had invented the habit of putting gold on the kid's necks
mircea_popescu: as a show that if you fuck this one his daddy's prolly gonna have your arse.
assbot: [HAVELOCK] [KCIM] 1 @ 1.22 BTC [+]
dub: smickles reminded me of another hilarity of american constitution, that God started it all
assbot: [HAVELOCK] [VTX] 1 @ 0.3914 BTC [+]
assbot: [HAVELOCK] [VTX] 20 @ 0.3914 = 7.828 BTC [+]
assbot: [HAVELOCK] [VTX] 20 @ 0.3914 = 7.828 BTC [+]
mircea_popescu: what political system is not at some point claiming some metaphysical entrenchment ?
dub: your president talks about god giving you rights regularly, we lock people like this up
dub: because thats crazy talk
assbot: [HAVELOCK] [SDICE] 1 @ 0.46799999 BTC [+]
tiberiusiv: your rights are god given hence natural
tiberiusiv: they do not come from government or other men
mircea_popescu: there's not much difference between claiming god gave you some right or you just have some right or you gave it yourself or whatever else.
dub: politicians here go to great lenghts to disguise any religious leaning as it would be political suicide
mircea_popescu: there's never going to be a "proper" font of rights, and consequently any statement as to their origin is pretty much the same thing.
tiberiusiv: dub first off most people never agree to a law
dub: aside from some marginal bottom feeders
assbot: [HAVELOCK] [VTX] 187 @ 0.3914 = 73.1918 BTC [+]
assbot: [HAVELOCK] [VTX] 25 @ 0.3914 = 9.785 BTC [+]
dub: tiberiusiv: that is not important
Namworld: Well VTX is almost all gone already
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41325384 = 413.2538 BTC [+]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38448574 = 384.4857 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35571763 = 355.7176 BTC [+]
mircea_popescu: shame on Namworld trolling us with finance talk in this chan
tiberiusiv: mircea: alot of idiot bitcoiners are dropping out from missallocating their BTCs
tiberiusiv: into unpayable loan schemes, asics etc
Namworld: A little bit. It's from my country so... I though I could support a bit. Not so many canadian bitcoiners yet. But fees on cavirtex are high.
assbot: [HAVELOCK] [VTX] 3 @ 0.3914 = 1.1742 BTC [+]
assbot: [HAVELOCK] [VTX] 20 @ 0.3914 = 7.828 BTC [+]
Namworld: I use cavirtex to buy/cash out BTC as needed.
assbot: [HAVELOCK] [VTX] 8 @ 0.3914 = 3.1312 BTC [+]
tiberiusiv: namworld: cavirtex fees are comparable to anywhere else
assbot: [HAVELOCK] [VTX] 12 @ 0.3914 = 4.6968 BTC [+]
assbot: [HAVELOCK] [VTX] 63 @ 0.3914 = 24.6582 BTC [+]
assbot: [HAVELOCK] [VTX] 3 @ 0.3914 = 1.1742 BTC [+]
tiberiusiv: namworld: mtgox doesnt let you withdraw with bank drafts, email money, direct deposit
tiberiusiv: cavirtex can give you 30k in under 24hrs
tiberiusiv: cavirtex is extremely fast in cashing out
assbot: [HAVELOCK] [VTX] 71 @ 0.3914 = 27.7894 BTC [+]
mircea_popescu: tiberiusiv in fairness, that's prolly because they're not much used so they don't opverrun their limits
Namworld: With discounts for very large volumes, it works down to as low as 0.5% but you have to trade 2500+ within the last 120 days
tiberiusiv: mircea: there are no capital limits in canada
mircea_popescu: that'll have to be verified in practice before i take it too seriously.
mircea_popescu: back when they were just bleeding market share it seemed like it's temporary
tiberiusiv: mircea: canadian regulators tend to be 40 years behind anything
mircea_popescu: but by now sealed deal. so probably the top 5 or top 10 stand to gain nicely.
tiberiusiv: you realize canada is like the financial crime center of the world
assbot: [HAVELOCK] [VTX] 7 @ 0.3914 = 2.7398 BTC [+]
mod6: i thought it was London
Namworld: I think Russia beats Canada, yeah
tiberiusiv: 100mil ponzi scheme is like 3 years prison in canada
assbot: [HAVELOCK] [VTX] 3 @ 0.3914 = 1.1742 BTC [+]
smickles: What's like making love in a canoe?
mod6: usa used to be like that
mod6: now they just rape you over and over
tiberiusiv: US was like 5% on ultra high net worths
mod6: EVERYWHICH WAY FROM SUNDAY POSSIBLE
dub: why don't you leave?
dub: I know a few wealthy people who upped and GTFO
dub: mainly due to death tax
tiberiusiv: leaving the US makes no sense for wealthy
mircea_popescu: dub im paying something like 3.9% if you count it all.
tiberiusiv: they have to renounce citizenship and pay an exit tax
mod6: well, im not in the category. im in the "unwashed masses" category, as mp calls it.
dub: american beer is terrible
tiberiusiv: second off, where would a wealthy american really leave too?
mod6: mircea_popescu: hehe, i do :)
assbot: [HAVELOCK] [VTX] 2 @ 0.3949 = 0.7898 BTC [+]
mod6: well, who cares, maybe it wont be if they adopt btc
tiberiusiv: its dangerous to be a wealthy none native
smickles: most of earth's surface is water, but i still like living here
jcpham: i want to die on mars secretly
tiberiusiv: US has large diversity to pick from and same language
mircea_popescu: tiberiusiv ya well being stupid and rich is dangerous everywhere.
tiberiusiv: romania also has a high sales tax and income tax
smickles: given the chance to live in shit conditions on mars, i would do it
tiberiusiv: consumer goods are very expensive in RO compared to US
dub: this may shock you, but I only have one television
mod6: here i just saw a kid pay $3.50 for a can of altoids
mircea_popescu: to get a good car in the us you have to ship it from yurp
tiberiusiv: that means nothing, romania doesnt even have a developed transport network to move goods around
mircea_popescu: there's vat, but you apply it on lower basis and get much better stuff for your money.
tiberiusiv: you realize german cars are cheaper in the US then in germany?
mircea_popescu: you're approaching the problems of infrastructure as if you're a salaried peon.
mircea_popescu: tiberiusiv yes, they're cheaper inasmuch as they're made in jersey, and thus only german by name.
tiberiusiv: gated off islands, huge estates in cali
assbot: [HAVELOCK] [VTX] 7 @ 0.3949 = 2.7643 BTC [+]
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41384528 = 413.8453 BTC [+]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38510602 = 385.106 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35636677 = 356.3668 BTC [+]
assbot: [MPEX] [S.MPOE] 4214 @ 0.00072101 = 3.0383 BTC [-]
assbot: [MPEX] [S.MPOE] 3750 @ 0.00072032 = 2.7012 BTC [-]
mircea_popescu: if you think a gated off island is a great way to live i guess we see things too differently to discuss this productively.
assbot: [MPEX] [S.MPOE] 5754 @ 0.0007046 = 4.0543 BTC [-]
tiberiusiv: you can safely drive around a ferrari in 70% of the US
assbot: [HAVELOCK] [VTX] 33 @ 0.3949 = 13.0317 BTC [+]
tiberiusiv: timisoara is a wealthy region for romania
tiberiusiv: the rest of the place has high levels of poverty
tiberiusiv: mircea: an ultra rich american has no real incentive to leave the US
mircea_popescu: on one hand you're telling me about these elusive cali estates (0.001% of us)
assbot: [HAVELOCK] [VTX] 16 @ 0.3949 = 6.3184 BTC [+]
mircea_popescu: on the other hand you impugn imaginary problems with romania on the grounds that it's not all level
tiberiusiv: mircea: tell me what the ultra rich is gaining leaving the US?
mircea_popescu: or else all the ones i know dropping it since 2005 or so are silly.
Namworld: tiberius has hard set views about how people lives in various place of the world and living costs.
mod6: tiberiusiv: there are lots of super rich people here who renounce their citizenship and leave for a tax-haven like the bahamas or whatever.
mircea_popescu: tiberiusiv the problem with the us is that it contains ~200mn unskilled, hungry, entitled doods.
dub: an interesting thing about americans is how few of them travel
assbot: [HAVELOCK] [VTX] 33 @ 0.3949 = 13.0317 BTC [+]
tiberiusiv: mod6: renouncing your citizenship to sit in the bahmas only makes sense if 100% of your income comes from capital gains
mircea_popescu: let me put it in the following perspective : american guy making 1300 usd a month (mostly govt aid, he doesn't work for it) is sitting around listening to angry music and glaring at passerbys because "he's been cheated".
tiberiusiv: dividend income is still withheld from 99% of countries by up to 30%
mod6: tiberiusiv: maybe the bahamas was a bad example. im not rich enough to know better really.
mod6: i couldn't care less.
mircea_popescu: romanian guy making ~500 usd a month is going out and fixing the park benches in his spare time with his own tools.
tiberiusiv: micrea: romanian government is too poor to run an effective welfare state
tiberiusiv: thats why they all live in guarded and secluded areas
tiberiusiv: the ultra rich dont mingle with the commoners lol
mircea_popescu: better off move to somewhere where the idiots are still kept at a low roar by the traditional means of stepping on head.
tiberiusiv: listen youd need to hire an army of security personal in romania
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41384528 = 413.8453 BTC [+]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38510602 = 385.106 BTC [+]
tiberiusiv: theres a reason romanians have a bad reputation throughout the EU
mircea_popescu: it's funny, cause i'm over here and you're over there.
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35636677 = 356.3668 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.3949 BTC [+]
tiberiusiv: if anyone got a whiff of your wealth youd kidnapped
mircea_popescu: listen, there's plenty of rich people. everybody knows.
mircea_popescu: there hasn't been a kidnapping in romania since i dunno, years ago.
tiberiusiv: hardened by 70 years of communism and system manipulation
assbot: [HAVELOCK] [SDICE] 1 @ 0.4679999 BTC [-]
smickles: face it mircea, your country sucks
tiberiusiv: you still didnt tell me any incentive that romania offers
tiberiusiv: why would i move to a place that charges me 23% to buy products?
mircea_popescu: i told you about a dozen, but somehow it doesn't stick.
mircea_popescu: because you'd rather pay 1.23 dollars for a pound of excellent cheese
jcpham: it sucks because he's alienated and alone
tiberiusiv: so i pay a 23% premium to watch a poor guy paint a park bench
jcpham: all he has a re hot women
mircea_popescu: next he's gonna tell me that a limited series lamborghini costs the same everywhere ;/
tiberiusiv: E350 gasoline is 55400 euros in romania
assbot: [HAVELOCK] [VTX] 7 @ 0.3976 = 2.7832 BTC [+]
smickles: who pays list price for a car?
assbot: [HAVELOCK] [VTX] 8 @ 0.3976 = 3.1808 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.3976 BTC [+]
tiberiusiv: the US is the cheapest consumer good market in the world
mircea_popescu: i've been there, i've been here, itdoesn't figure like you think.
tiberiusiv: dude they dont even sell the 220 in the US
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1099 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 97 @ 0.85888 = 83.3114 BTC [+]
mircea_popescu: you've successfuly railroaded this discussion into perhaps the most irrelevant possible corner.
tiberiusiv: which you have to pay romanian road tax on
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.85889 = 17.1778 BTC [+]
tiberiusiv: romania is cheaper only for basic staples
assbot: [HAVELOCK] [VTX] 3 @ 0.3976 = 1.1928 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.85896 = 17.1792 BTC [+]
mircea_popescu: romania is cheaper for everything that matters, pretty much.
tiberiusiv: considering the average salary is 1/15th of the US
mircea_popescu: as in, you couldn't replicate what counts as a "normal" diet here in the us without 10k a month
tiberiusiv: healthy food in north america is expensive
mircea_popescu: i happen top not care what cars cost mostly because i hire a driver with his car and gas for ~100 bux per day or some shit
mircea_popescu: i can keep three on call and not even notice it particularly.
tiberiusiv: 100 per day im driving a ferrari in the US
tiberiusiv: considering the monthly payments are 2500
mod6: not even a rental with the insurance
mircea_popescu: and waits for me and carries my bags and whatever the fuck else.
tiberiusiv: mod6: you can finance a ferrari in the US for 2-3k a month
mircea_popescu: i dunno, whatever. you can actually demand a specific make, but i never cared.
mod6: wow. what a waste of money those high end cars are.
tiberiusiv: you know you can rent a brand new car in the US
benkay: less than ten dollars an hour
mircea_popescu: i think what happens here is that you're comparing things wrongly in the following sense :
benkay: for professional service
benkay: you are *out of your mind*
mircea_popescu: you probably get some deals over there and you take that as a basis. which isn't a basis.
mircea_popescu: then you imagine stuff here is book price, which it isn't.
mircea_popescu: this somehow comes out like it's 0.35% more here than there.
tiberiusiv: imported products(quality luxury items) are more expensive in RO then US
mircea_popescu: i mean sure, while i was in ny i had free car service and two doods with shotguns
mircea_popescu: i didn't pay a cent, but that doesn't mean ny is free.
tiberiusiv: with a drivers license i can be armed to the teeth in 1 day
assbot: [HAVELOCK] [VTX] 2 @ 0.3976 = 0.7952 BTC [+]
mircea_popescu: in romania you'd take about a week to find someone with a working firearm.
mircea_popescu: the police don't get live rounds, they just carry the empty pistols around.
mod6: lol, thats almost as good as the japaneese police with their whistles.
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41401404 = 414.014 BTC [+]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38528302 = 385.283 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.356552 = 356.552 BTC [+]
mod6: DONT MAKE ME HIT YOU WITH THIS!
mircea_popescu: mod6 about a decade ago in the cluj airport i confiscated a chick's weapon
mircea_popescu: (they had just introduced females into the force at the time)
mod6: so you just were like, "you're not doing it right..." and just disarmed her?
mircea_popescu: mod6 she was not protecting her backside. i just went behind her, waited for like five seconds, then took her unsecured gun
mod6: no wonder the the CO was pissed
mircea_popescu: i was like wtf you numnuts, what if this was loaded and i wiped the floor with the lot of you nao
tiberiusiv: mircea: ultra rich americans tend to be either WASPs or jewish, and neither group likes to be around people much
mircea_popescu: title is "that awkward moment when a police guy loses his gun while handling arrests"
assbot: [HAVELOCK] [VTX] 10 @ 0.3973 = 3.973 BTC [-]
tiberiusiv: hence why they build their boarded up enclaves
assbot: [HAVELOCK] [VTX] 99 @ 0.3973 = 39.3327 BTC [-]
mircea_popescu: i'll go to anywhere i want and strike up a chat with anyone i want. pick up a street walker if i feel like it and go watch the game with her.
tiberiusiv: spend most of their days worrying about losing the wealth
tiberiusiv: lol that is never occuring in north america
mircea_popescu: i'll tell you, part of what i did in the us was this cross country by bus thing
tiberiusiv: americans are approachable but its mostly a business type relationship
mircea_popescu: it's in romanian, if gt fails horribly i guess i'll have to translate it myself.
smickles: i'll say american area approachable, go up to one on thier porch with a smile and a friendly greeting in the dark of night, 3/5 times i get a beer doing that
mircea_popescu: <tiberiusiv> youd be arrested << what i did earlier today was take a chick along for a nude stroll down the riverwalk.
dub: did he try to sell any idiot being able to arm themselves to the teeth instantaneously as a good thing?
mod6: (21:34) < mircea_popescu> i'll go to anywhere i want and strike up a chat with anyone i want. pick up a street walker if i feel like it and go watch the game with her. << the sign of a true travel bug
mod6: its awesome to go new places and just chat up random people
mircea_popescu: mod6 when i landed in costa rica i didn't speak spanish.
mircea_popescu: i went to the local uni, found the english dept, picked up a chick wirth nice hooters
mircea_popescu: she got me an apt (for reasonable rent, causer it helps if you're local obviously)
mod6: its a good way to learn the lang and exp the culture.. just immerse yourself.
dub: chick with nice hooters eh.. sounds like a fatty
tiberiusiv: on the deposit bitcoins page i see nothing?
mod6: have you seen spanish chicks? some of em got a nice rack of titty and are totally thin
mircea_popescu: tiberiusiv nobody's come forth with proof otherwise so far.
mod6: they come in all shapes and sizes i guess.
assbot: [HAVELOCK] [VTX] 7 @ 0.3973 = 2.7811 BTC [-]
mod6: i learned a lot of my spanish in mexico just traveling around.
mod6: then i kinda took it more formally later on.
mod6: but travel is amazing, and all the americans who are too fat or busy watching the kardashians to go out and check out the rest of the planet are dumb.
dub: well spain in general is ew
dub: I remember a chick in business attire squatting down and taking a dump in the gutter
assbot: [HAVELOCK] [VTX] 5 @ 0.3973 = 1.9865 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.3973 = 0.7946 BTC [-]
dub: also getting boils from swimming in the sea
mircea_popescu: but for my curiosity : naked teensy chick next to you was covered in her own vomit six hours ago at what they call "a party".
mircea_popescu: dude it was nothing like that, it was more like slapping her butt
mod6: lol slapped her ass and grabbed her gat
mircea_popescu: anyway. romania is just not a very weapon centric culture. i have no objection with the notions of safety applicable to the us and its citizens, but it's not universal
mircea_popescu: ie, "add guns" is not the universal path to improving safety in absolutely any circumstance, place or time.
tiberiusiv: ex communist countries tend to be none weapon based
tiberiusiv: weapons were banned under communist rule for a reason.
mod6: lol they always are
mircea_popescu: how were they banned ? everyone got trained to use them whether like it or not
mod6: oh...hmm i thought they get rid of that shit so people don't outright revolt
tiberiusiv: you talking about the slave army everyone had to join
dub: mircea_popescu: yeah those are dealbreakers on spain
mircea_popescu: tiberiusiv the us had the draft for a while too you know.
dub: i need a usable ocean
assbot: [HAVELOCK] [VTX] 100 @ 0.3955 = 39.55 BTC [-]
mod6: the U.S. has had the draft many times
assbot: [HAVELOCK] [VTX] 25 @ 0.3955 = 9.8875 BTC [-]
tiberiusiv: isnt it odd how the wealthiest state in the EU is also the most pro gun?
assbot: [HAVELOCK] [VTX] 16 @ 0.3955 = 6.328 BTC [-]
mircea_popescu: it's only the wealthiest state cause it had enough sense to not join the euro
mod6: i kinda like the idea of the militia too, but it turns out that they never fought very well in the revolution until Cowpens
assbot: [HAVELOCK] [VTX] 2 @ 0.3955 = 0.791 BTC [-]
assbot: [HAVELOCK] [VTX] 6 @ 0.3955 = 2.373 BTC [-]
mod6: they were backed up against the river, and seen enough battles to finally face the brits head on
assbot: [HAVELOCK] [VTX] 2 @ 0.3955 = 0.791 BTC [-]
assbot: [HAVELOCK] [VTX] 200 @ 0.3955 = 79.1 BTC [-]
Bowjob: wow, VTX is selling like crazy
tiberiusiv: trying to get my btc transffered in time
assbot: [HAVELOCK] [VTX] 3 @ 0.3955 = 1.1865 BTC [-]
Bowjob: so its gonna be cavirtex vs coinlab?
tiberiusiv: they dont really have none canadian cashout options do they?
Bowjob: well it says coinlab's gonna deal with canadians too
tiberiusiv: cavritex has a bank draft to your door in 2days, or a direct deposit in under 24hrs up to 30k
mircea_popescu: hopefully they managwe to get their banking partnerships in order.
tiberiusiv: mircea: do you honestly believe btc will be 1k?
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35664457 = 356.6446 BTC [+]
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38537148 = 385.3715 BTC [+]
assbot: [MPEX] [O.BTCUSD.C410T] 1000 @ 0.41409839 = 414.0984 BTC [+]
Bowjob: it should be much more than 1k, actually
tiberiusiv: can you send transfers out of bitcoin wallet while your blockchain isnt fully updated
Bowjob: if it reaches high enough price, trading btc for fiat will be a seen as a shit move
assbot: [HAVELOCK] [VTX] 5 @ 0.3922 = 1.961 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.3922 = 0.7844 BTC [-]
assbot: [HAVELOCK] [VTX] 13 @ 0.3922 = 5.0986 BTC [-]
assbot: [HAVELOCK] [VTX] 25 @ 0.3922 = 9.805 BTC [-]
assbot: [HAVELOCK] [VTX] 200 @ 0.3922 = 78.44 BTC [-]
assbot: [HAVELOCK] [VTX] 10 @ 0.3922 = 3.922 BTC [-]
assbot: [HAVELOCK] [VTX] 5 @ 0.3922 = 1.961 BTC [-]
assbot: [HAVELOCK] [VTX] 200 @ 0.3922 = 78.44 BTC [-]
Bowjob: I'm impressed they got the ipo sold that fast
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
assbot: [HAVELOCK] [VTX] 20 @ 0.3922 = 7.844 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.3922 = 0.7844 BTC [-]
assbot: [HAVELOCK] [VTX] 5 @ 0.3922 = 1.961 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
Namworld: Yeah, I did. I'm canadian. I happen to be a regular user.
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
Bowjob: i watched the video, they will offer 12% per year on their bitcoin short fund
assbot: [HAVELOCK] [VTX] 1 @ 0.3922 BTC [-]
assbot: [HAVELOCK:VTX] 1D: 0.38280000 / 0.39364479 / 0.43320000 (9867 shares, 3884.09310000 BTC), 7D: 0.38280000 / 0.39427952 / 0.46140000 (9991 shares, 3939.24670000 BTC), 30D: 0.38280000 / 0.39427952 / 0.46140000 (9991 shares, 3939.24670000 BTC)
Bowjob: im sure some people will want to flip the shares
Bowjob: 300k in capital in a day
assbot: [HAVELOCK] [VTX] 13 @ 0.3922 = 5.0986 BTC [-]
Bowjob: havelock ipos have always done extremely well
Bowjob: the mining fund when it first got out was 4.6 something btcs
Bowjob: traded to 20 bucks on today;'s prices
Bowjob: they pre ordered with bfl, unfortunately
assbot: [HAVELOCK] [HIM] 7 @ 1.99 = 13.93 BTC [+]
mircea_popescu: ahh, it's so wunderbar to see how far bicoin finance has come since march 2012
Bowjob: so mp, whats your take on ianbakewell
Bowjob: i thought he was legit
Namworld: Bowjob: HIM was trading at 4 BTC you say?
jcpham: i'm not convinced intelligence or quality thereof increases witht the number of participants
Bowjob: it was 4.6 something back in june
mircea_popescu: people figure themselves qualified to do things they're not just because.
mircea_popescu: it ends in tears usually, but they don't learn cause there's an endless reservoir of new ones.
Bowjob: his face, name, everything is online
Bowjob: i was actually considering lending him 100, but then i decided not to in the end
Bowjob: so its 3 payment dates that he missed
assbot: [MPEX] [O.BTCUSD.C430T] 1000 @ 0.38783812 = 387.8381 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 1000 @ 0.35922594 = 359.2259 BTC [+]
Bowjob: safe to say he ran away
assbot: [HAVELOCK] [VTX] 1 @ 0.44888888 BTC [+]
assbot: [HAVELOCK] [VTX] 19 @ 0.44979998 = 8.5462 BTC [+]
Bowjob: Wow, people are starting to flip VTX now
assbot: [HAVELOCK] [VTX] 1 @ 0.44979998 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.44979998 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.44979998 BTC [+]
assbot: [HAVELOCK] [VTX] 7 @ 0.44979998 = 3.1486 BTC [+]
Bowjob: LTC down to 0.005, same old gutter
assbot: [HAVELOCK] [VTX] 1 @ 0.44888888 BTC [-]
Bowjob: I briefly rode the LTC train
assbot: [HAVELOCK] [SDICE] 1 @ 0.45 BTC [-]
Bowjob: then dumped when before it went crashing
assbot: [MPEX] [O.BTCUSD.C430T] 4 @ 0.38792585 = 1.5517 BTC [+]
assbot: [MPEX] [O.BTCUSD.C450T] 883 @ 0.35931775 = 317.2776 BTC [+]
Namworld: that he rode LTC before the crash
Namworld: He's probably sleeping with all his BTC
Diablo-D3: wait, he rode it the whole way down dr strangelove style?
Bowjob: goat took some prifits
Diablo-D3: or did he ride it and then jump out of the car before it went over the cliff, hanging on by a tree root
Bowjob: but rode the rest down
Diablo-D3: the trick is to know when to get out
Bowjob: I bought ont he way up, I jumped just in time
Diablo-D3: like those btc I sold because I needed to?
Bowjob: the trollbox are now consoling each other
assbot: [HAVELOCK] [SDICE] 1 @ 0.45000001 BTC [+]
jcpham: i've only sold about 20 btc in 3 months
assbot: [HAVELOCK] [SDICE] 8 @ 0.45 = 3.6 BTC [-]
Bowjob: "jubalix: BTC will fall, and the herd will mass in to cheap LTC"
jcpham: i've moved 5x out of my wallets into cold cold cold storage
Bowjob: Oh, trollbox. I love you
assbot: [BTCTC] [BTC-BOND] 32 @ 0.009899 = 0.3168 BTC [-]
assbot: [HAVELOCK] [SDICE] 5 @ 0.45 = 2.25 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.45 BTC [-]
tiberiusiv: anybody lending BTCs to fiat users deserves losses
assbot: [MPEX] [O.BTCUSD.C370T] 1000 @ 0.47382561 = 473.8256 BTC [+]
assbot: [HAVELOCK] [SDICE] 40 @ 0.45 = 18 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.841 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.841 BTC [-]
assbot: [HAVELOCK] [SDICE] 39 @ 0.45 = 17.55 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.44000002 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.84 = 1.68 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8349 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 12 @ 0.8346 = 10.0152 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.8345 = 1.669 BTC [-]
assbot: [MPEX:S.DICE] 1D: 0.00320003 / 0.00433909 / 0.00559697 (56642 shares, 245.78 BTC), 7D: 0.00320003 / 0.00449755 / 0.0058822 (343788 shares, 1,546.21 BTC), 30D: 0.00300001 / 0.00587057 / 0.00673999 (2388432 shares, 14,021.48 BTC)
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8312 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.831001 = 1.662 BTC [-]
assbot: [BTCTC] [BITVPS] 20 @ 0.004 = 0.08 BTC [+]
assbot: [MPEX] [O.BTCUSD.C370T] 1000 @ 0.47420263 = 474.2026 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 65 @ 0.00486 = 0.3159 BTC [+]
gribble: BTCUSD ticker | Best bid: 71.59000, Best ask: 71.78495, Bid-ask spread: 0.19495, Last trade: 72.00001, 24 hour volume: 92534.71730364, 24 hour low: 64.20000, 24 hour high: 74.90000, 24 hour vwap: 70.40441
assbot: [HAVELOCK] [VTX] 1 @ 0.4498 BTC [+]
assbot: [HAVELOCK] [VTX] 12 @ 0.45 = 5.4 BTC [+]
gribble: BTCUSD ticker | Best bid: 71.59000, Best ask: 72.00000, Bid-ask spread: 0.41000, Last trade: 72.23273, 24 hour volume: 92504.93940713, 24 hour low: 64.20000, 24 hour high: 74.90000, 24 hour vwap: 70.41054
assbot: [BTCTC] [S.DICE-PT] 2 @ 0.00486 = 0.0097 BTC [+]
assbot: [BTCTC] [CRYPTO-TRADE] 3 @ 0.1821 = 0.5463 BTC [-]
assbot: [MPEX] [O.BTCUSD.C470T] 2 @ 0.33147579 = 0.663 BTC [+]
assbot: [MPEX] [O.BTCUSD.C370T] 94 @ 0.47435328 = 44.5892 BTC [+]
Bugpowder: My C490s and C510s are more than making up for the S.DICE disaster
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.87 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.872 = 2.616 BTC [+]
Bowjob: did you go back to dice?
tiberiusiv: its very good news if cavirtex gets a short fund going
Bowjob: I jumped ship at 0.0075
Bowjob: i got out of it in time, no bs
Bugpowder: If this wall gets eaten... Total bear capitulation.
Bowjob: ive already seen that s.dice will drop in price in the future, months ago
assbot: [BTCTC] [BTC-GOLD] 3 @ 0.00125 = 0.0038 BTC [-]
Namworld: Because most BTC transactions are gambling on SatoshiDice?
the-bucket-shop: I bought Bowjob's shares, so I'm hurting - not sure s.dice can ever do well with a rising btc price. and of cource btc always rises
assbot: [BTCTC] [S.MPOE-PT] 4 @ 0.00072 = 0.0029 BTC [-]
tiberiusiv: s.dice does amazing with a rising btc price
gribble: BTCUSD ticker | Best bid: 70.04001, Best ask: 70.05000, Bid-ask spread: 0.00999, Last trade: 70.05000, 24 hour volume: 93057.48947432, 24 hour low: 64.20000, 24 hour high: 74.90000, 24 hour vwap: 70.41710
tiberiusiv: theyve doubled from their ipo and thats with bitcoin rising like 600%
Namworld: It only seems like it's lowering because a temporary bigshot or two were doing massive gambling
tiberiusiv: no it seems someone was slowing the site down
Namworld: But big gamblers could be back anytime
tiberiusiv: because transactions per day decreased alot
tiberiusiv: that was sdice being ddosed or some shit
mircea_popescu: you are aware the network was fucked in the mouth for about a week
assbot: [MPEX] [O.BTCUSD.C490T] 1 @ 0.303 BTC [+]
tiberiusiv: sdice is one of the best assets to own
assbot: [MPEX] [O.BTCUSD.C510T] 1 @ 0.27442858 BTC [+]
mircea_popescu: but really i'd say it's more an investment than a loss
assbot: [MPEX] [O.BTCUSD.C450T] 1 @ 0.36014286 BTC [+]
tiberiusiv: those players will give that right back
mircea_popescu: there are not that many bitcoin businesses paying out in the k's range.
tiberiusiv: customer growth potential is massive with sdice
tiberiusiv: tons of gambling fiens that dont want to leave the comfort of their homes
Bowjob: tiber, what price did u buy dice at
gribble: BTCUSD ticker | Best bid: 69.11110, Best ask: 69.88000, Bid-ask spread: 0.76890, Last trade: 69.11110, 24 hour volume: 95198.29487360, 24 hour low: 64.20000, 24 hour high: 74.90000, 24 hour vwap: 70.40615
tiberiusiv: btc is going right back into the low 50's
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 51.19305144 / 62.54448241 / 63.8704312 (21265 shares, 3,903.05 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
error4733: 4300 on queue for mtgox account confirmation...
tiberiusiv: error4733: 20k coins sold takes the price to mid 50's
Namworld: I could pop the price back to 72 with like 100 bucks
Bowjob: tiber.. you seem to prop up dice a lot
Bowjob: when did you buy dice?
Bowjob: because if you bought it at 0.0075, you're just prep talking
tiberiusiv: i dont own alot as i dont like the 30mil market cap
Bowjob: get real. i buy and sell depending on what i see ahead
Bowjob: iv'e done really well so far. so you're at a loss right now.
error4733: we are on road for 500$ in no time
error4733: 5b market cap is still nothing in world economy
tiberiusiv: 5b market cap with how shitty liquidity is?
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.835 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8321 BTC [-]
Bowjob: id at least wait till the cypriots open their banks
assbot: [HAVELOCK] [VTX] 1 @ 0.45 BTC [+]
Bugpowder: dude I am selling coins all the way up
assbot: [HAVELOCK] [VTX] 6 @ 0.45 = 2.7 BTC [+]
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.15 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 3 @ 0.143 = 0.429 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.142 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 3 @ 0.1415 = 0.4245 BTC [-]
assbot: [HAVELOCK] [VTX] 22 @ 0.49899 = 10.9778 BTC [+]
tiberiusiv: bitcoin is going to collapse when risk assets turn south again
tiberiusiv: bitcoin rallies with the US stock market
mircea_popescu: fortunes were made thinking one knows how bitcoin moves,
mircea_popescu: fortunes were lost thinking one knows how bitcoin moves.
tiberiusiv: nobody bought US stocks until january 2013
gribble: BTCUSD ticker | Best bid: 69.72001, Best ask: 70.04988, Bid-ask spread: 0.32987, Last trade: 69.72001, 24 hour volume: 96320.27532477, 24 hour low: 64.99240, 24 hour high: 74.90000, 24 hour vwap: 70.40547
assbot: [HAVELOCK] [VTX] 1 @ 0.49898999 BTC [-]
Bowjob: its friday.. so weekend dip
tiberiusiv: pull up a chart of the US stock market
error4733: you have to stop looking 2 months or 3
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.16052553 = 160.5255 BTC [-]
error4733: ok you call a correction, but in long term, under 100$ is a cheap price
tiberiusiv: liqudity hasnt improved, and current bitcoin market cap can support an economy that generates 8 billion a year in goods and services
error4733: after, if you feel lucky and want start trade, learn in one week what traders learn in one life, take your shoot
tiberiusiv: error4733 you just angry that you bought high
tiberiusiv: the US stock market peaked out 1 month before BTC did in 2011
tiberiusiv: theres plenty of indications of a short term multi month top
tiberiusiv: some guy is offering his house for BTC
assbot: [MPEX] [O.BTCUSD.C470T] 1000 @ 0.33195374 = 331.9537 BTC [+]
Bowjob: gox wont take in new money, for the next 2 days
tiberiusiv: bitcoinis ripe for a 50% collapse to the weekly moving average
tiberiusiv: not to mention the gross overvaluation of bitcoin business's
tiberiusiv: cavirtex raised 300k with almost 0 advertising trading at 8x sales
assbot: [HAVELOCK] [SDICE] 5 @ 0.4679975 = 2.34 BTC [+]
mircea_popescu: bitcoin will probably force a re-modelling of valuation models.
mircea_popescu: because of its deflationary nature any revenue stream is worth a lot.
tiberiusiv: mircea: the US was on a deflationary currency for 100 years
tiberiusiv: when the most prosperous middle class in world history emerged and that was with a civil war as well
tiberiusiv: prices were 50% lower in 1900 then in 1800
mircea_popescu: and at that time any revenue stream was worth dieingfor
tiberiusiv: those numbers would never be reached by the US again
mircea_popescu: anyway, an argument can be brought that bitcoin businesses are sorely undervalued atm, in the sense that if you add the half dozen which are serious they're not even 1/4 monetarty mass
tiberiusiv: US went from a 3rd world to 2x wealthier then europe in 100 years
tiberiusiv: first off you have no shareholder rights
mircea_popescu: no voting -> you don't need to expend time to inform yourself and vote. no dispute settlement -> you can't waste capital on lawyer fees.
Namworld: That's good only if there's never an issue arising
tiberiusiv: you have no verification of incomes or expenses posted
assbot: [MPEX] [O.BTCUSD.C470T] 1000 @ 0.33195374 = 331.9537 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.16040513 = 160.4051 BTC [-]
mircea_popescu: s.dice yo ucan verify. asicminer you can (sorta) verify. mpoe you can verify
mircea_popescu: Namworld it's just a theory in my head, but i suspect that macro speaking, the total fees taken by lawyers in a year = the total value of resolutions.
Namworld: True, some have public BTC addresses. Checking what they earn is trivial.
mircea_popescu: so basically you're not making a profit in that paradigm, globally.
Namworld: As for verifications... well pretty much any documents can be forged.
tiberiusiv: just like the last high took 2 years to surpass
assbot: [MPEX] [O.BTCUSD.C550T] 1000 @ 0.2177331 = 217.7331 BTC [+]
assbot: [MPEX] [O.BTCUSD.C530T] 1000 @ 0.24628826 = 246.2883 BTC [+]
assbot: [MPEX] [O.BTCUSD.C510T] 1000 @ 0.27484342 = 274.8434 BTC [+]
assbot: [MPEX] [O.BTCUSD.C490T] 1000 @ 0.30339858 = 303.3986 BTC [+]
Anduck: if it goes down by 50% someone will buy it
mircea_popescu: let it be two years, let the scammers suddenly flooding the forum get despondent, no loss here.
assbot: Things which are alike, in nature, grow to look alike, and the speaking stones have lain a long time lookin' at the sun.
mircea_popescu: mkay so this morning is > 35k contracts traded with the bot
Anduck: assbot stfu, you're bot. you have the right to only speak about tickers and trades
Anduck: someone rly fix the bot, it's not fun to see that kind of crap. instead, it should tell instructions
mircea_popescu: "Indonesia may outlaw unmarried sex with jail threatened for offenders"
Bowjob: i hear they cut off your head if you get caught fapping
assbot: [MPEX] [O.BTCUSD.C470T] 1000 @ 0.33195374 = 331.9537 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 292 @ 0.00486 = 1.4191 BTC [+]
assbot: [HAVELOCK] [VTX] 14 @ 0.49898888 = 6.9858 BTC [-]
assbot: [MPEX] [O.BTCUSD.P750T] 2 @ 0.16017925 = 0.3204 BTC [-]
assbot: [MPEX] [O.BTCUSD.P750T] 998 @ 0.16028476 = 159.9642 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 31 @ 0.00487 = 0.151 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 526 @ 0.00487 = 2.5616 BTC [+]
assbot: [MPEX] [O.BTCUSD.C470T] 228 @ 0.33195374 = 75.6855 BTC [+]
Namworld: It's about time S.DICE gets some traction
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8 BTC [-]
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.15833758 = 158.3376 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.8 = 3.2 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.83 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.82 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.8 = 1.6 BTC [-]
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.15827441 = 158.2744 BTC [-]
assbot: [MPEX] [S.DICE] 1 @ 0.00444444 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.15821772 = 158.2177 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.4679975 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.4679975 BTC [+]
assbot: [BTCTC] [GSDPT] 20 @ 0.00421 = 0.0842 BTC [+]
assbot: [BTCTC] [GSDPT] 99 @ 0.0042 = 0.4158 BTC [-]
assbot: [HAVELOCK] [SDICE] 4 @ 0.46799769 = 1.872 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 1 @ 0.16058182 BTC [+]
assbot: [HAVELOCK] [SDICE] 5 @ 0.468 = 2.34 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 1000 @ 0.15809519 = 158.0952 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.83 BTC [+]
gribble: BTCUSD ticker | Best bid: 71.17002, Best ask: 71.43000, Bid-ask spread: 0.25998, Last trade: 71.17002, 24 hour volume: 72873.11904166, 24 hour low: 68.90583, 24 hour high: 74.90000, 24 hour vwap: 72.06906
smickles: looks like i'm selling at about .008ish
mod6: so does anyone know what happend to gox again?
mod6: just, same as usual??
smickles: less than a buck to secure against the coming crash
jcpham: i've got a bet for 1 btc that we see $100 before we see $60
jcpham: i don't make bets i can't afford to lose
gribble: There are currently 14123.224 bitcoins offered at or under 74.0 USD, worth 1041651.49949 USD in total. | Data vintage: 0.0017 seconds
gribble: There are currently 23081.901 bitcoins offered at or under 75.0 USD, worth 1710738.22608 USD in total. | Data vintage: 9.6104 seconds
gribble: There are currently 1320.1523 bitcoins offered at or under 73.0 USD, worth 96186.0854616 USD in total. | Data vintage: 33.3853 seconds
mod6: maybe i do just need to take a week off and just sequester myself
mod6: man that sounds awesome actually.
mircea_popescu: sequester yourself in a room with a bed and just sleep ?
mod6: just to hack for a week on bitotter to wrap it up
assbot: [BTCTC] [BTC-BOND] 1 @ 0.009822 BTC [-]
mod6: too damn busy to get enough time to dig in deep enough to make sure all the secuirty stuff is underwraps
mod6: its like, I need 8 hour blocks at a time min.
mod6: hard to come by for me these days.
mod6: I guess if it gets to be too long, I might just open source the thing and let you guys work on it if you want to.
mod6: my android tool for mpex
mod6: started it a long time ago, but i have 3 other jobs other than btc
benkay: i can see why you'd want to free the code :)
mod6: so im pretty swamped. and i have an overly demanding gf who eats up time.
Namworld: <@gribble> There are currently 1320.1523 bitcoins offered at or under 73.0 USD, worth 96186.0854616 USD in total. | Data vintage: 33.3853 seconds
mod6: last night she was all, "no. fuck you. you said you weren't going to talk with your dungons and dragons friends all night..."
assbot: [BTCTC] [GSDPT] 10 @ 0.00439 = 0.0439 BTC [+]
assbot: [BTCTC] [GSDPT] 5 @ 0.004477 = 0.0224 BTC [+]
assbot: [BTCTC] [GSDPT] 200 @ 0.004638 = 0.9276 BTC [+]
assbot: [BTCTC] [GSDPT] 74 @ 0.004638 = 0.3432 BTC [+]
Diablo-D3: [01:12:29] <mod6> so im pretty swamped. and i have an overly demanding gf who eats up time.
Namworld: Girlfriends who don't like you hanging with anyone else? Sounds familiar.
mod6: well,she's probably older than you dickweed
assbot: [BTCTC] [GSDPT] 86 @ 0.004639 = 0.399 BTC [+]
Diablo-D3: mod6: age has nothing to do with it
asa1024: females are dangerous to irc use
deadweasel: that's why I use it mostly at work, and just check it at home, make sure you all didn't break BTC
mod6: yeah Diablo-D3, my bad, yeah, she's just like all the others :/
mod6: just wish i didn't have to work my everyday job.
deadweasel: why you suffering for these many jobs?
mod6: yeah, they're blowing me up all the time for different jobs.
deadweasel: you gotta nail your contract down so every phone call is a separate charge
mod6: well... i dunno. i guess im just lame.
deadweasel: until you can't get anymore work, then lower them a tiny bit
mircea_popescu: mod6 ya srsly, they have a point. if you have three jobs make each offers for 50% what you're making now, upfront
mod6: well, it was 3, now 2 of them mereged together, so its really like two.
mod6: and basically i flipped out on these dudes a bunch of times.
deadweasel: find a new job, SINGULAR, for %50 more than you are making
mircea_popescu: m,erged together = hey, you know we used to pay you for two things ? well only pay you for one from now on
mod6: now, i'm getting them to get other help, so that's been better, but its been hard to unwind all this stuff.
mod6: lot of knowelege to transfer, etc.
mod6: mircea_popescu: yeah, basically.
mod6: these guys are terrible.
mod6: i always seem to end up working for really terrible contracts or employers
mod6: anyway, hopefully i can be my own guy after this with btc
mod6: then i can just work on what we need
mod6: haha, i DID tell them to fuck off about 49 times. but they're gonna sue if i pitch their stuff ina snowbank
deadweasel: hand it to them nicely and say, contract CANCELLED
mircea_popescu: by the way, if anyone wants a funny story : i hired a freelance guy to do my persian faq.
benkay: neither of you do contract software work
mircea_popescu: imo he did a good job, nice responsible young man so at the time i tipped him 1 btc
mircea_popescu: benkay i sometimes do contract management of software work
mod6: anyway, i gotta finish unwinding this stuff then i'll be free of this obligation.
benkay: "a contractor != contract coder"
deadweasel: i'm gon go thow myself down a flight of stairs
taub: clarkmoody keeps fucking up :(
mod6: wont be long i think.. the process is alreay in motion, and has been in motion since the beginning of this ydar.
mircea_popescu: mod6 "the wheels are in motion... things are happening..."
benkay: manners and reputation are important to contractors.
benkay: not that they're not to everyone else.
deadweasel: i see where you are going. but he shold not suffer un endingly because he's worried about what they might say
mod6: guys, im like a peon
mod6: when i first signed up with these guys, the first thing they did was sue VMWare
deadweasel: mod6, you must have some kind of skill, NIX guys are in HIGH demand, go find something better, where you are slightly respected and not peonized
mod6: anyway, i can't say any more.
deadweasel: sorry mod6, sholdn't be telling you what to do.
mod6: i know tons of shit, and can get stuff done. the problem is im poor and have no representation against these evil assholes.
deadweasel: if you're poor than you've got nothing to lose
deadweasel: you've never been better positioned to take the fucking world on
mod6: well, basically yes. but, i've got some living situation that needs to be solved.
mod6: i can't go back to living inthe street again
mod6: at lesat not up here
mod6: i used to just live on peoples front porch couches after IBM
mircea_popescu: the rich will fuck you up and the poor literally don't care.
mod6: yeah, i'll fucking rage
mod6: i need to stay out of jail
mod6: and out of the hospital too, my health isn't super great :/
deadweasel: it's coming backin states mircea_popescu
mod6: jail is a part of life
mircea_popescu: they shoul;d just give up the pretense and just make the country a penitentiary.
mod6: its just, trying to not let them get you
mircea_popescu: they're obviously rebuilding soviet era russia, might as well
mircea_popescu: everyone gets a cell in a cheapo concrete block like india
mod6: yeah, its a fucking nightmare over here
deadweasel: it is once you're in the legal system.
mod6: they just trump up some charges, and tell you well you can do 90 days for this, or you can go to trial and we'll trhow the book at you...
mircea_popescu: mod6 and you say fuck you, this will be the trial of the century
mircea_popescu: you don't need a lawyer to fuck them up. you just need to know the law.
mod6: well, if they ever try to get me for BTC, ill just do what hitler did
deadweasel: but to be at the level of senior engineer, a lawyer would need 10 yrs exp in a particular part of the law
mod6: well, what i mean is, in his trial
mircea_popescu: it takes 10 year for the senior engineer to gain his reputation with others
mod6: he just stood up there and told everyone his side of things for like three days lol
mod6: then they only gave him like 3 years after the beer hall putch
jurov: Chilca: hi, all fine
mod6: haha mircea_popescu, na.
deadweasel: jesus christ, did I just say "i was like"
deadweasel: fuck me, I'm still at work...... gonna go pretend for a bit.
mod6: anyway, this is far off into the weeds!
assbot: [BTCTC] [S.DICE-PT] 49 @ 0.0047 = 0.2303 BTC [-]
Namworld: I think deadweasel is the key to rejuvenation. I suggest we ground him to a thin powder and make pills.
deadweasel: thanks for entertaining our opinions mod6
gribble: BTCUSD ticker | Best bid: 71.27110, Best ask: 71.79950, Bid-ask spread: 0.52840, Last trade: 71.79950, 24 hour volume: 67908.09473960, 24 hour low: 68.90583, 24 hour high: 74.00000, 24 hour vwap: 71.94412
mod6: sorry for all the chatter.
mod6: i just need to get some of this personal stuff sorted so i have more time for you guys.
deadweasel: mod6, you need more time for you first, then you might be more useful here, for whatever it is y'all are doing. options i think
Namworld: You don't have to tell people it's dead weasel. Just label them as reverse aging pills. Sell them for 2 BTC a piece since it's very complex chemicals...
assbot: [BTCTC] [GSDPT] 10 @ 0.004 = 0.04 BTC [-]
deadweasel: 2 btc each, might look like benadryl, but really is reverse aging
benkay: o i can read thank you
benkay: just expressing emotions
assbot: [BTCTC] [GSDPT] 34 @ 0.0038 = 0.1292 BTC [-]
benkay: are you guys familiar with the famous wat talk?
benkay: i know this isn't a super dev-y group, but some of you might enjoy
benkay: and the rest are smart enough to get it
deadweasel: the drugs they sell here at least get you high
benkay: intentional misconstrue.
benkay: 99% of the time you're serious
benkay: impossible to call troll on
benkay: even when you say things like "nigger nigger nigger nigger"
benkay: i am going to adopt this attitude.
benkay: "you have no idea if i'm serious or not!"
benkay: i'm launching a mining company
assbot: [HAVELOCK] [VTX] 1 @ 0.54399999 BTC [+]
benkay: we're going to collect giveaway raspberry pis
mod6: perhaps epic trolls are always built on uncertainty
benkay: then give the bitcoins to afurka
deadweasel: i can't let my fellow badgers be excluded
assbot: [HAVELOCK] [SDICE] 8 @ 0.451001 = 3.608 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.54399999 BTC [+]
benkay: friday is off-topic day?
benkay: how would you go about using bitcoins to get fantastically wealthy while a country prints currency like crazy?
benkay: how do that, asciilifeform?
benkay: and mircea, basic staples?
benkay: bullets and canned beans and whatnot?
benkay: not necessary i have a pi far
mircea_popescu: In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).
mircea_popescu: incidentally, i bet you that's the banking mavrodi fambly.
benkay: you all fail at exploiting failing sovereigns.
deadweasel: it's more like we are rotting from the inside out, for the US anyways.
benkay: too much work, asciilifeform.
benkay: plus you actually have to deal with the underclass
benkay: show some imagination, folks!
benkay: like, buy assets on the local stock exchange. is good idea?
deadweasel: whore yourself to congress and then blackmail?
benkay: deadweasel: i prefer to be the one purchasing sex, and i don't find myself attracted to vote-grubbers.
mircea_popescu: asciilifeform jesus christ that sounds as a complete rewrite of an article i wrote in like 2010
mircea_popescu: since its unlikely that guy reads romanian, i'd say woot! people are getting it!
benkay: orlov's old news, mircea
mircea_popescu: i guess once you've seen her whore out you'll never buy into the virgin mary theory again.
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.79696 = 1.5939 BTC [+]
assbot: [HAVELOCK] [VTX] 4 @ 0.544 = 2.176 BTC [+]
benkay: oh look. a reason for miners to use a stack other than the hairball.
mircea_popescu: you know you can work on other people's ideas just like you can work on other people's daughters
assbot: [HAVELOCK] [VTX] 11 @ 0.5451 = 5.9961 BTC [+]
mircea_popescu: but i always suspected this is going to be the one way we end up with ai
assbot: [HAVELOCK] [VTX] 1 @ 0.53 BTC [-]
mircea_popescu: because i always thought that minsky & all may be nice and good
mircea_popescu: but ai won't exist until there's an edge application which makes money.
mircea_popescu: ai isn't wits, really. but anyway, i always imagined the headlines. "bitcoin provokes singularity"
assbot: [BTCTC] [BTC-BOND] 12 @ 0.009822 = 0.1179 BTC [-]
deadweasel: mircea_popescu: it's happening, BTC is a huge push towards it, the algorithms that come out of this could fuel future AI
kakobrekla: Johnathan (Yoni) Assia is the CEO of eToro, the world’s largest social investment network. He has shown an interest in finance and computer science since his youth and so decided to merge his passions.
mircea_popescu: kakobrekla listen, this is how conferences work in any biz
Namworld: mircea: no, but odly enough that sounds good.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.762 BTC [-]
benkay: I learned this thing about conferences recently
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7612 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.7612 = 7.612 BTC [-]
benkay: that they're filled with people with not enough to do
mircea_popescu: if it loses another 6k or so it'd just make things "fair"
mircea_popescu: This week meets more stagnancy of deploying. But in the last few days we poured 0.5TH/s into our mining farm as the installing of power cables in the new place goes on. The total hashrate grows much less than this, mostly possibly because of the bottleneck in our local network setting. We are still identifying and fixing the problem.
jborkl: It was bound to happen , a bad month- every business has good and bad months
mircea_popescu: i guess we will have > 9000 of them by the time year's out
kakobrekla: the exchanges will need to modfiy their operating models once ill put btc/usd in MT4
mircea_popescu: this is the problem with "Devteam". they're not devs, they're kids looking to impress.
Doffx: What will the next div look like for the Asic miner PT's?
Doffx: whats a good guess?
Diablo-D3: the div seems to be getting bigger though
Doffx: .015 ish then, still seems decent.
Diablo-D3: ThickAsThieves: I really doubt half
Namworld: and they already paid for manufacturing 50 more TH I think
Diablo-D3: ThickAsThieves: remember, friedcat hasnt gotten all of the 15th online yet
Diablo-D3: and the total farm will be around 60 th
Namworld: that too... hopefully they can get their shit together
Doffx: Yeah, I like the answer
Doffx: Haha, I just needed a rough estimation
Doffx: I haven't been following anything in the asset world for a while
Doffx: DId they eat all the chips
[\\\]: kakobrekla: "coming soon"
jurov: so, i've read the scrollback and some links. and all i'm remembering is that mircea tried to stabilize a vagina by poring concrete.
mod6: ;;rate 1 thestringpuller Joined the BitOTTer project!
gribble: Error: 'thestringpuller' is not a valid integer.
mod6: ;;rate thestringpuller 1 Joined the BitOTTer project!
gribble: Rating entry successful. Your rating of 1 for user thestringpuller has been recorded.
gribble: (rate <nick> <rating> [<notes>]) -- Enters a rating for <nick> in the amount of <rating>. Use optional <notes> field to enter any notes you have about this user. <nick> must be the user's GPG-registered username, Your previously existing rating, if any, will be overwritten.
assbot: [MPEX] [O.BTCUSD.C750T] 37 @ 0.08258454 = 3.0556 BTC [+]
gribble: You have not yet rated user thestringpuller
smickles: [\\\], must be making a killing off that "coming soon" ™
mod6: ;;rate smickles 3 Some previous trades on OTC. Joined the BitOTTer project!
gribble: Rating entry successful. Your rating for user smickles has changed from 3 to 3.
mod6: if anyone would like to help out with the BitOTTer project, send me a PM or join us in #BitOTTer
jurov: i have already seen it
gribble: Rating entry successful. Your rating of 1 for user thestringpuller has been recorded.
gribble: BTCUSD ticker | Best bid: 71.55000, Best ask: 72.00000, Bid-ask spread: 0.45000, Last trade: 71.55000, 24 hour volume: 65236.36510509, 24 hour low: 68.90583, 24 hour high: 73.74999, 24 hour vwap: 71.87573
gribble: Error: "ticker," is not a valid command.
kakobrekla: twitter suggest to follow britney spears to bitbet
jurov: we have been solving BNFs by hand in highshool. so have firsthand experience how NP-hard that stuff is with increasing number of variables
jurov: 4 bits/variables - trivial, 5/6 bits - solvable by hand if you have time and patience
jurov: up to 20 bits - fully solvable by computer
jurov: anything beyond that, you can only stab in the problem and hope you'll get something close anoutgh to minimal
benkay: are we talking about SAT solving?
MJR__: doesn't sat solving get easier
jurov: generally when computers get 2x more powerful, you can solve one bit more
jurov: so it will really take some time till we arrive to 160 or 256 bits
mircea_popescu: this isn't a universal np problem they're approaching but a well defined subset
jurov: yes, that's also possible.
mircea_popescu: that's i think the motivating factor : one clever idea, lots of value in it.
jurov: oh mp, have you seen i coined a new term befitting teh community? "mining scene"
jurov: we reviewed mining scene
benkay: "I fire twentysomethings of his particular school of mental retardation "
benkay: fire them for making mistakes, or insisting the mistakes are the software's problem?
benkay: (which is actually their problem by proxy they just don't get it)
mircea_popescu: benkay in general it goes EXACTLY like the bitcoin shit went down.
mircea_popescu: new kid wants to improve X with Y supertechnology we old stuffies don't know abou
tiberiusiv: BFL is going to fail to deliver for 2 reasons
MJR__: mircea_popescu: nice article
tiberiusiv: 1) they are short asic 2) they are short BTC 3) they are long USD
benkay: want to talk more about this
benkay: but team lunch impends.
mircea_popescu: in general the way things work in the western world is if you wish to be hired by X you wil be
assbot: [HAVELOCK] [VTX] 1 @ 0.5451 BTC [+]
smickles: asciilifeform: mircea_popescu does have a 'real' business
mircea_popescu: this discussion re hiring/firing ppl has nothing to do with mpex, it's my larger experience
mircea_popescu: i've not yet actually fired anyone at mpex. it's not quite large enough to have a hr to do mishiring
mircea_popescu: tiberiusiv this is a point, they're unwittingly/unintentionally short both asic and btc
smickles: I wan't a scribe to follow me around and record my activities in iambic pentameter
tiberiusiv: mircea: thats why basic failed and covered only 5% of their BTC shorts
jurov: bitvps really fits this mold, once respected company listed on mpex, now something with customer testimony on frontpage with dead link
mod6: i had high-hopes for bvps
jurov: i can't resist trolling them... hosting company with deal customer link on frontpage, wtf?
mircea_popescu: anyway, benkay : new kid wants to impress everyone with his cool skills. is warned about what the failure modes are and what is expected and what to check.
jurov: seem nice tiled background is more important for'em.
mircea_popescu: he proceeds to just code, never check, never design for fault tolerance, nothing
mircea_popescu: coding is a high civilisation adventure, which means quite perverted
mircea_popescu: anyway, im really looking forward to more peeps with business / financial / legal / whoring / etc experience joining btc
mircea_popescu: there's like 1 trillion worth of equipment deployed in support of the net atm
MJR__: but why is the goal to humiliate lol
deadweasel: immediately transferring information across the world instantaneously? it's pretty sweet.
MJR__: way more important to design a good system
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.7612 = 2.2836 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.761102 = 7.611 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.761102 = 1.5222 BTC [-]
deadweasel: asciilifeform: are you saying the interwebz is going to arrest and stop working?
mircea_popescu: yes well, if you define the purpose of the net as "exchanging research papers" then it's totally hydropizic.
mircea_popescu: thing is much like btc, the net doesn't have a fixed purpose.
mircea_popescu: they forbid him drink water. he has this elegia about water somewhere, about how great it is
mircea_popescu: and how it sucks to be the emperor and not be able to have a motherfucking glass of water
deadweasel: asciilifeform: it's true, but that would be an improvement
deadweasel: put robots in the mines, teach the miners to program them
deadweasel: unlesss I'm trying to use coinbase or mtgox
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.789 BTC [+]
mircea_popescu: point being : to attack the internet today you need to contend with something 1 trn worth of large.
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.796 = 7.96 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.7965 = 7.965 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 14 @ 0.79697 = 11.1576 BTC [+]
mircea_popescu: kakobrekla house. i got a garden and there's also a 2nd floor
tiberiusiv: mircea: have you upgraded to tailored suits yet
assbot: [BTCTC] [ASICMINER-PT] 18 @ 0.8 = 14.4 BTC [+]
mircea_popescu: my suits are handweaved by teary eyed slves out of their own hair!
mircea_popescu: asciilifeform actually there's a lot of macos surprisingly
robonerd: i want to buy in on a asic-based mining op. i only have $200 to invest
mircea_popescu: asciilifeform i think mpex quite clearly showed you don't have to be.
mircea_popescu: and if you choose to be...well... nothing wrong with that.
mircea_popescu: robonerd perhaps asicminer if it's not overvalued iyo.
mircea_popescu: otherwise i don't trust them things personally, but ymmv.
mircea_popescu: asciilifeform even if he had, it'd hum just as nicely.
robonerd: well how can i get in on the bitcoin surge? i'm an apple ios developer, i can write bitcoin related software to help ppl in exchange for btc mining hardware
mircea_popescu: wouldn't be the sole client. you've seen the faq right ?
mircea_popescu: robonerd i don't think anyone's lookingto give away hardware atm
mircea_popescu: one way to get in may be to just buy bitcoin, if you don't think it's overvalued atm
mircea_popescu: Step 4. Your account is now set up, you can use it in full confidence. Yes, this includes the inconvenient step of transferring GPG-encoded strings from a cold machine to a hot machine.
mircea_popescu: in practice most everyone uses a qr gun from what i understand.
mircea_popescu: you setup your signing on one machine, connect another to the internet
mircea_popescu: it's trivial for you to implement a secure system if it's only got one user
mircea_popescu: asciilifeform consider the case of an old laptop you get off ebay for 200 bux, format and install linux on.
mircea_popescu: as long as you don't connect it to the net ever, what's the worst that can happen ?
mircea_popescu: dude, it's a laptop. you don't need to isolate the power :D
mircea_popescu: if you demonstrate key stealing off a laptop i'll give you a btc in bounty
MJR__: yes...so gain physical access
mircea_popescu: yes well, tempest stuff is detecting airplanes and industrial facilities.
mircea_popescu: that's easy : i just walk in there, say hi and hit them across the head.
MJR__: the point is that "security" is a spectrum
MJR__: as stated on mpex FAQ
assbot: [HAVELOCK] [VTX] 1 @ 0.54490001 BTC [-]
MJR__: you define the needs you have with their risks
MJR__: it's all about time spent vs possible loss
mircea_popescu: MJR__ as far as i can see, the job of the provider is to ensure you don't get squished.
mircea_popescu: ie, that the spectrum available includes the zone you as a customer need
MJR__: I think mpex does that well
MJR__: with the key exchanging options
mircea_popescu: and even in that context : a little squishing up is acceptable
tiberiusiv: i dont get why cavirtex is voluntarily going to regulators in canada
tiberiusiv: even charging a sales tax they arent required too
tiberiusiv: not to mention they are using the CAD dollar as a unit of account vs BTC
mircea_popescu: atm btc exchange is done legally in europe by the bitcoin-central ppl
MJR__: well, I personally don't like disallowing weak passwords
MJR__: I like notifying about the relative strength of a password
mircea_popescu: MJR__ yeah. in some broken environments however (such as, the web) you're desperate fgor air however
MJR__: but forcing people to do a harder password leads to stick notes on monitors
MJR__: which is WAY less secure
MJR__: so the policy can lead to the exact opposite effect
MJR__: offer broad range of security options...
MJR__: I personally like pin code for financial transactions plus password for login
MJR__: makes it somewhat difficult enough for attacker but easier for user
mircea_popescu: so basically did asicminer just downgrade theyr "next batch" from 60 gh to 50gh
kakobrekla: i dont even give a fuck anymore about these asic
mircea_popescu: atm they are at about 7gh, and hoping to get together 15
mircea_popescu: so out of 22 gh they put online 7 and are hoping for 15 tops
mircea_popescu: this means 1/3 of their chips blew out during the month ?
MJR__: I think that 3rd wave Avalon might be a good deal still
MJR__: regardless of future difficulty
mod6: i wouldn't believe it until i see it
kakobrekla: so cause of the fog you cant see the shit
mod6: mircea_popescu: yeah i wouldn't put my btc's on it.
mod6: its too bad really, because these things could be awesome, but we have no way of knowing what we're getting or if we'll even get delivery.
mod6: or if it'll even work as advertised
MJR__: seen Avalon with my own 2 eyes
kakobrekla: do the coins falling out cause much noise?
MJR__: it's getting around 8 coins per day
MJR__: such a racket with coins piling up everywhere
jcpham: firstadopterponzicoinasic
mircea_popescu: bitcoin foundation should comission a statue group of usagi and deprived
jborkl: I don't understand usagi math
jborkl: and why anyone would even care about $2400 worth of silver is beyond me
mircea_popescu: i also don't see where you get 2,4k ? no way he has 80oz
jborkl: I dont get why anyone would list a asset of 2400
smickles: I had people like deprived looking at my statements, ya know that they said?
jcpham: start an asset or something?
smickles: they said they lookd good and asked me what program i used to generate them
jborkl: he says 80 oz silver with 800 shares in the float and 43btc in debt
jcpham: what the fuck is 80 oz of silver anyways
jcpham: mircea_popescu have you seen the amagi metals silver bullets?
jcpham: when they were basing coinabul
jcpham: it's a silver knock off
jcpham: i wish it was primer + case
mod6: lol: One ounce .45 ACP silver bullet.
jcpham: what else am i going to buy with bitcoin
assbot: [BTCTC] [ASICMINER-PT] 7 @ 0.8 = 5.6 BTC [+]
mod6: i might of had to get a few for the G21
jcpham: it is a mold of a .45 round if i understand it correctly
smickles: i used to know a guy who mad a few silver 22 bullets for the fun of it
jcpham: keep one in the chamber you know
mircea_popescu: "I need 2btc will repay 2.5 btc My name is very well known "
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.78 BTC [-]
mircea_popescu: "Its kind of a personal website for me and my girlfriend. We are a webcam couple on chaturbate.com and we are trying to expand into the bitcoin world. cam4btc is a great idea and we are willing to promote the site on ours, but our site is just a way to promote my girlfriend and what all she is willing to do on cam"
assbot: [MPEX] [O.BTCUSD.C510T] 1000 @ 0.28837301 = 288.373 BTC [+]
mircea_popescu: "Btw, I have bought the domain and have hosting now. So that is where I am at. Now I am currently looking for someone who would like to help build the site. For now it would be a very small 1 page project. That will later have a forum and gallery. But for now, If you'd like to help build me a simple front page, let me know. I do not have much experience in website design."
jborkl: he should ipo that, lol
jcpham: "but our site is just a way to promote my girlfriend and what all she is willing to do on cam"
jcpham: that sentence gives me chills
jcpham: what a fucking weakling
assbot: [MPEX] [O.BTCUSD.C490T] 500 @ 0.3163976 = 158.1988 BTC [+]
jcpham: he could learn to phrase things better
jborkl: sounds like a glbse ipo
mircea_popescu: that poor girl, incidentally, i'd push her a hundred just to get out of the mess.
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.06812163 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 2 @ 0.044 = 0.088 BTC [-]
jurov: reminds me to the russian who posted photo of his wife in underwear in front of rigs
assbot: [MPEX] [O.BTCUSD.C510T] 256 @ 0.28837301 = 73.8235 BTC [+]
mircea_popescu: the guy to whom i sent like a btc and republished his story and he was wtf happened
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 51.19305144 / 66.64583078 / 67.37931378 (39043 shares, 9,008.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
assbot: [HAVELOCK] [VTX] 4 @ 0.54489999 = 2.1796 BTC [-]
jborkl: No.. but she is a mommy, we have a 4 year old son. And I ran a BitCoin Review Site for a little while, but that kinda faded away, not much going on there.
mircea_popescu: incredible : oix call side is like 15 btc under oix put side
jurov: or result of lack of calls with appropriate strike
jurov: so puts get shorted instead
deadweasel: >>I am definately good for the loan, i will give personal info. that isnt a problem<<
jurov: i just say that calls striked > 75 would certainly sell atm and would affect the oix if they were available
assbot: [MPEX] [S.MPOE] 1000 @ 0.00069245 = 0.6925 BTC [-]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00069242 = 0.6924 BTC [-]
assbot: [MPEX] [S.MPOE] 11500 @ 0.00069241 = 7.9627 BTC [-]
jurov: so i don't get why it's surprising that oix is crossed
jurov: 100,200,500 as i said already :DDD
mircea_popescu: but anyway, my q was more, are yo uactually looking to buy and can't or just general discussion ?
mircea_popescu: cause i can add them, but kinda don't see the point, will have to change the notation anyway and that needs to wait till expiry.
jurov: not very much atm, but id' definitely bought 100 next month at least
jurov: but i'm not asking you to add them asap
jurov: just i don't get the crossed oix comment
mircea_popescu: yeah, i think atm what i'll do is either 20-200 step 3
jurov: to me it seems obvious
smickles: mircea_popescu: oh please keep that trailing 0 in the mpsic, i don't want to recode things
mircea_popescu: you'll have to recode things else everyone will have to keep typing a useless 0 all the time
assbot: [HAVELOCK] [VTX] 11 @ 0.54489999 = 5.9939 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8099 BTC [+]
smickles: bah, well, it's not that big of a deal anyway
mircea_popescu: i guess i better make a general warning about this too huh.
smickles: ideally, you should have 6 strikes, 3 each side one standard deviation further away from the last
smickles: problem is, bitcoin goes thru 8 stddevs sometimes
jurov: step 5 is OK. but definitely please either announce it first or make sure all new mpsic are different from current
jurov: if anyone holds the options, i mean. just renaming C250T into C025T and creating new C205T would cause utter chaos in coinbr database
mircea_popescu: but the idea is, nobody will hold anything because it will be opex
jurov: next month options then
jurov: so i can expect C200N to become C020T ?
mircea_popescu: those may pose a problem yes. there's like 50 or so total contracts outstanding.
assbot: [BTCTC] [GSDPT] 10 @ 0.00375 = 0.0375 BTC [-]
assbot: [BTCTC] [GSDPT] 1 @ 0.00359 BTC [-]
assbot: [HAVELOCK] [SDICE] 4 @ 0.4937 = 1.9748 BTC [+]
assbot: Um, shouldn't you be with your own tribe or somethin'?
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 51.19305144 / 66.68349399 / 67.41250707 (39299 shares, 9,082.45 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
assbot: Last trade for VTX on HAVELOCK was at 0.54489999 BTC [-]
assbot: [HAVELOCK] [VTX] 5 @ 0.54321 = 2.7161 BTC [-]
assbot: [HAVELOCK] [VTX] 4 @ 0.5449 = 2.1796 BTC [+]
assbot: [HAVELOCK] [VTX] 31 @ 0.54490001 = 16.8919 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00423294 = 4.2329 BTC [-]
assbot: [MPEX] [S.DICE] 3350 @ 0.00423293 = 14.1803 BTC [-]
mpexbot: mod6: Bids: ['250 @ 0.00380002', '250 @ 0.00380002', '250 @ 0.00380001', '100 @ 0.00320005', '100 @ 0.00320004']
mpexbot: mod6: Asks: ['250000 @ 0.0044', '4484 @ 0.00444443', '1000 @ 0.00449999', '60000 @ 0.0045', '1000 @ 0.00499979']
mod6: 250k @ .0044, time to back the truck up?
assbot: [MPEX] [S.DICE] 1 @ 0.00380002 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 17 @ 0.8098 = 13.7666 BTC [-]
assbot: [HAVELOCK] [SDICE] 4 @ 0.4938 = 1.9752 BTC [+]
unbalanced: Lower highs and lower lows since late yesterday for BTC/USD on Mt. Gox.
assbot: [HAVELOCK] [SDICE] 10 @ 0.5 = 5 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.8098 = 1.6196 BTC [-]
mod6: ok my stuff is ok with that change.
mod6: its agnostic to the nomanclature of the MPSIC
mod6: it just get's 'em and displays them
mod6: or if you put one in, it'll match it.
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.45898 BTC [+]
assbot: [BTCTC] [BTC-TRADING-PT] 100 @ 0.1505 = 15.05 BTC [-]
gribble: BTCUSD ticker | Best bid: 66.00000, Best ask: 66.50000, Bid-ask spread: 0.50000, Last trade: 66.00000, 24 hour volume: 67515.82621468, 24 hour low: 66.30000, 24 hour high: 73.74999, 24 hour vwap: 71.33874
mod6: mircea_popescu: *nod*
mod6: seems to be good support down to $60 though
gribble: There are currently 13803.831 bitcoins demanded at or over 60.0 USD, worth 865440.635754 USD in total. | Data vintage: 0.0071 seconds
Namworld: wouldn't be the first 10k BTC drop at market price that pops right back up
mircea_popescu: "MPOE-PR, You are an incredibly stupid person to be so well written. Did you have an accident, like a blow to the head?"
dub: ^nobody knows wtf the depth is
assbot: [BTCTC] [BITVPS] 100 @ 0.004 = 0.4 BTC [+]
assbot: [HAVELOCK] [VTX] 15 @ 0.54490001 = 8.1735 BTC [+]
assbot: [MPEX] [O.BTCUSD.P730T] 17 @ 0.12393099 = 2.1068 BTC [-]
jurov: well, any better way to suggest a price when exchange interface is unavailable?
jurov: well, it's actually the coinbr feature i like most.. having whole orderbook right on new order page
jurov: if it doesn't load it's like flying blind :D
mod6: heh i've got bad data
assbot: [BTCTC] [S.DICE-PT] 11 @ 0.00469 = 0.0516 BTC [-]
Namworld: Happens every friday. Some herd-mind creatures all go nuts every friday because they worship some natural event they provoke.
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.34 BTC [+]
assbot: [MPEX] [O.BTCUSD.P730T] 14 @ 0.12565086 = 1.7591 BTC [+]
gribble: BTCUSD ticker | Best bid: 67.00000, Best ask: 68.50000, Bid-ask spread: 1.50000, Last trade: 68.50000, 24 hour volume: 68088.46052488, 24 hour low: 65.88000, 24 hour high: 73.74999, 24 hour vwap: 71.29410
assbot: [BTCTC] [BITVPS] 1 @ 0.00464 BTC [+]
gribble: BTCUSD ticker | Best bid: 69.02127, Best ask: 70.00000, Bid-ask spread: 0.97873, Last trade: 70.00000, 24 hour volume: 73864.51626862, 24 hour low: 65.00000, 24 hour high: 73.74999, 24 hour vwap: 70.87635
Bowjob: the flash crash woke me up
gribble: BTCUSD ticker | Best bid: 69.02230, Best ask: 69.80000, Bid-ask spread: 0.77770, Last trade: 69.80000, 24 hour volume: 74785.18483392, 24 hour low: 65.00000, 24 hour high: 73.74999, 24 hour vwap: 70.86350
mod6: i think its awesome that btc gets people out of bed
mod6: reminds me of when I used to sleep behind the servers in the NOC
mod6: (its warm back there!) lol
error4733: sade to see how just a 5K dump can cut 10%
mircea_popescu: error4733 that's the case pretty much across the spectrum
mpexbot: mircea_popescu: Bids: ['250 @ 0.00380002', '249 @ 0.00380002', '250 @ 0.00380001', '7000 @ 0.003308', '100 @ 0.00320005']
mpexbot: mircea_popescu: Asks: ['4484 @ 0.00444443', '1000 @ 0.00449999', '60000 @ 0.0045', '13055 @ 0.00499977', '1000 @ 0.00499979']
error4733: i stop to hurt myslef to follow SD price
Bowjob: profit for march is about 1k BTC right now
mircea_popescu: the cause is pretty much the lack of stabilisation agents.
mircea_popescu: irl there's all the people doingfinancial planning, advising for clients,
mircea_popescu: in here there's basically a bunch of coders running around like headless chickens implementing random shit
Doffx: Err, how would that guy know unless he was the seller
Doffx: Or new of the sale to come
Doffx: I guess I answered my own question really.
smickles: Doffx: prolly just an elliot waver
Doffx: What is an elliot waver?
Bowjob: isnt that what lucif does
smickles: Bowjob: that's what most all of them do
Bowjob: how come that guy called it correctly, that lucif dude always fucks it up
gribble: Next difficulty estimate | 6570267.53609 based on data since last change | 7684587.17947 based on data for last three days
Bowjob: as a result, i go opposite of his forcasts
smickles: it's complicated enough that people don't understand it enough that confirmation bias sets in
assbot: [HAVELOCK] [SDICE] 10 @ 0.524 = 5.24 BTC [+]
Bowjob: honestly i think TA mostly charlatans
smickles: plus, it basically says, at each key point, it can go either way
Bowjob: it could be my own personal incredulity setting in
error4733: drop 15k from your stach and drive it to 60$...
gribble: BTCUSD ticker | Best bid: 69.23770, Best ask: 69.73998, Bid-ask spread: 0.50228, Last trade: 69.23770, 24 hour volume: 75455.72439051, 24 hour low: 65.00000, 24 hour high: 73.74999, 24 hour vwap: 70.82006
Bowjob: but if those TA analysts know whats going on, they wouldnt sell to ppl their subscriptions
gribble: A market order to sell 15000 bitcoins right now would net 966129.1306 USD and would take the last price down to 61.0000 USD, resulting in an average price of 64.4086 USD/BTC. | Data vintage: 0.0013 seconds
smickles: Bowjob: rationally, yes. they would even borrow money to do it themselves
assbot: [HAVELOCK] [VTX] 8 @ 0.54490001 = 4.3592 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8098 BTC [-]
smickles: it would even make sense for them to borrow at hight rates, b/c their profit margin would overcome it
error4733: this guy now had a nice new file open on his name with a IRS icon on top
tiberiusiv: bowjob: that arguement is wrong. same reason ASIC builders wouldnt sell
smickles: error4733: isn't that guy in canada?
tiberiusiv: selling a TA subscription is like selling call options
smickles: care to explain why that line of reasoning is included in the valuation of call options then?
mircea_popescu: mpex happens to have introduced shorting in btc finance,
mircea_popescu: where;s this "i have no clue thus therefore i know better" attitude come from already!
assbot: [MPEX] [S.MPOE] 1000 @ 0.00069242 = 0.6924 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00069242 = 0.6924 BTC [+]
assbot: [MPEX] [S.MPOE] 4116 @ 0.00069241 = 2.85 BTC [-]
assbot: [MPEX] [S.MPOE] 546 @ 0.00069172 = 0.3777 BTC [-]
assbot: [MPEX] [S.MPOE] 8800 @ 0.00068839 = 6.0578 BTC [-]
assbot: [MPEX] [S.MPOE] 2338 @ 0.0006825 = 1.5957 BTC [-]
tiberiusiv: mpex finally coming off its overvaluation
Bowjob: "a bitcoin is worth $72.50? are there any smaller denominations because otherwise these things wouldn't work that well outside large transactions. i.e. I'm not buying a pizza with 1 bitcoin when it means I'm giving the pizza joint a $58 tip."
Bowjob: "Maybe they can come up with a bitbitcoin worth $25.00 ..."
assbot: [HAVELOCK] [VTX] 5 @ 0.5451 = 2.7255 BTC [+]
Bowjob: watching clueless people talk about bitcoin
smickles: i can come up with a bitcoin worth 25 usd if you'll sell it to me