Bowjob: personally i dont like lending btc out, unless its absolutely certain ill get it back
jcpham: if i had "borrowed" 10k btc a year ago i'd be *poof* right about now
MJR_: lol, I prefer lending it when I don't know what will happen...
jcpham: pretty difficult to repay that
jcpham: need a real good business plan if you spent it
assbot: [HAVELOCK] [SDICE] 1 @ 0.5 BTC [+]
jcpham: if you converted it to fiat you are fucked
mircea_popescu: i didn't. teh original mpoe bonds got like 9500 or so btc
jcpham: good chance of digging out of the hole by staying in btc
Bowjob: he earns in BTC, but its idk.
jcpham: anything you could have bought over the last year, other than btc, you lot money on technically
jcpham: so it's a hard loan to me financially
mircea_popescu: there was a guy on the forum servicing a long term btc loan
jcpham: loans are like gift. the blockchain is god.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7832 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7831 = 1.5662 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7821 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.778 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.77727 = 4.6636 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 13 @ 0.77726 = 10.1044 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.77725 = 3.109 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.77721 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.777 = 1.554 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.77 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.769 = 2.307 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.762 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 32 @ 0.761105 = 24.3554 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.761101 = 3.8055 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.760002 = 3.8 BTC [-]
Bugpowder_: how people keep getting BTC given to them as loans is utterly mystifying to me.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
ThickAsThieves: probly just someone who moved from friedcat to btct to sell
assbot: [BTCT:ASICMINER-PT] 1D: 0.78 / 0.79829 / 0.829 (209 shares, 166.8 BTC), 7D: 0.761102 / 0.83118 / 0.93 (1541 shares, 1280.8 BTC), 30D: 0.65 / 0.77396 / 1 (4449 shares, 3443.3 BTC)
Bugpowder_: well, the market is uhhh.... a little -thin- below 0.75
mircea_popescu: ThickAsThieves the girl's early estimate was .75 to 1.5
mircea_popescu: then people were rooting for "oh, we'll reach 1 anyway"
Bowjob: if asicminer reaches 1 btc..
Bowjob: that means they expect asicminer to make at least 400k BTC
dub: there is no depth its hardly representative of value
Bugpowder_: mircea_popescu: the girl's estimates were .075 to 0.15 no?
gribble: BTCUSD ticker | Best bid: 75.30000, Best ask: 75.37700, Bid-ask spread: 0.07700, Last trade: 75.55000, 24 hour volume: 80678.53152168, 24 hour low: 69.80000, 24 hour high: 78.00000, 24 hour vwap: 74.58758
mircea_popescu: All these things considered it is perhaps not unreasonable to judge ASICMiner revenue generation ability in the 5 to 15k BTC a month range. If this is in fact correct it's also not unreasonable to judge ASICMiner's market cap roughly equal or a little under that of Satoshi Dice, in which case the 400,000 share company would be worth on MPEx somewhere between 3 and 600k BTC, or between .75 and 1.5 BTC per share, making
mircea_popescu: Bitfountain the third multi-million dollar Bitcoin public corp in Bitcoin history.
mircea_popescu: It's unclear how much risk discount investors would be wanting to apply to that valuation, and it's also unclear how much discount will willy-nilly end up being applied in the event ASICMiner actually foregoes liquidity and lists on some marginal venue. But in any case things look pretty bright at the moment, so well done!
dub: 50 shares moving doesn't mean shit
dub: did you see the latest taaki video?
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.343 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 4 @ 0.344 = 1.376 BTC [+]
dub: we need to identify that building and burn it down with those two inside
Bugpowder_: What would be the appropriate subform to post an add to borrow asicminer shares?
Bugpowder_: but the valuation is looking pretty frothy
gribble: Next difficulty estimate | 6880830.90136 based on data since last change | 7242616.81723 based on data for last three days
assbot: [HAVELOCK] [SDICE] 2 @ 0.5 = 1 BTC [+]
assbot: [HAVELOCK] [SDICE] 21 @ 0.5 = 10.5 BTC [+]
Chaang-Noi: mp one sell off on a thin market, still the only real asic company out there
assbot: [HAVELOCK] [SDICE] 2 @ 0.5 = 1 BTC [+]
Bugpowder_: ah, that thread was the one I was thinking of for the girl's estimates
Chaang-Noi: dividends wont end anytime soon, not sure what the value really should be at but im not selling mine:)
assbot: [HAVELOCK:VTX] 1D: 0.50000000 / 0.72040307 / 0.79900000 (418 shares, 301.12848142 BTC), 7D: 0.38280000 / 0.41873282 / 0.79900000 (11129 shares, 4660.07750417 BTC), 30D: 0.38280000 / 0.41873282 / 0.79900000 (11129 shares, 4660.07750417 BTC)
Chaang-Noi: yeah im not selling more, i had to get some cash
mircea_popescu: 2x asicminer volume yest. why is that ? is cavirtex a larger corp than asicminer ?
Bowjob: canadians love their companies
Chaang-Noi: you cant see asicminer trade volume mp, only one of two pt
assbot: [HAVELOCK:SDICE] 1D: 0.45000000 / 0.48185851 / 0.52000000 (265 shares, 127.69250459 BTC), 7D: 0.40000000 / 0.48015951 / 0.53000000 (1375 shares, 660.21932648 BTC), 30D: 0.37000000 / 0.54970142 / 0.69400000 (5906 shares, 3246.53658408 BTC)
mircea_popescu: the fact that i can't see it speaks against it not excusing it.
Bowjob: i couldnt understand the vtx pump either, i missed it
topace: and 0 dividend announced for vtx
Chaang-Noi: why are you talking about the trade volume if it is a nonargumnt? im just saying you cant see the real trade volume, that is a fact :/
topace: Bowjob: not in the immediate future
Chaang-Noi: mircea_popescu> 2x asicminer volume yest. why is that ? is cavirtex a larger corp than asicminer ? i was answering this question
Bowjob: i was wrong about vtx, i didnt see any dividends, i didnt think it was gonna get funded
mircea_popescu: Chaang-Noi the trade volume IS the controlling argument.
dub: dude people bet on pirate for how long after he split?
mircea_popescu: the fact that asicminer fucked up their ipo is NOT an excuse for them
Bowjob: i learned though, if i see huge volume..
topace: yea VTX sold out in ~12 hours.. WITHOUT any pre-announcement of when teh IPO was happening
Chaang-Noi: but you dont even know what the vo;lume is, but i still disagree, some private companies are worth more than highly traded ones
topace: and the owner (joseph) didnt even email his user base to tell them about it either
assbot: [BTCT:ASICMINER-PT] 1D: 0.75 / 0.78997 / 0.829 (288 shares, 227.5 BTC), 7D: 0.75 / 0.82809 / 0.93 (1620 shares, 1341.5 BTC), 30D: 0.65 / 0.77385 / 1 (4528 shares, 3504 BTC)
Bowjob: it was on the website on cavirtex.. i remember
Bowjob: that they will announce an ipo soon
Chaang-Noi: pt is pass though, it is not real stock
mircea_popescu: people who think they're smarter are much akin to the street prophets in ny.
topace: Bowjob: yea it was announced on the website, but if you werent on teh website when it happened you wouldnt even have known
topace: i was baffled why he didnt want to announce it at least a few days ahead of time
Chaang-Noi: you show me one volume of one pt and say it means something about the company? im not the only one who would think that is silly
topace: give people time to prep and move funds to havelock
dub: sounds like an evoorhees move
mircea_popescu: Chaang-Noi you may not be the only one that thinks that's silly, but that's quite irrelevant.
Bowjob: mp, what happened to the avalon bet
Bowjob: i dont see it on bitbet
assbot: [MPEX] [S.DICE] 300 @ 0.00449999 = 1.35 BTC [-]
Bowjob: yeah it should be closed
Chaang-Noi: i think your just jelly it is not on your exchange and you did not invest with them:)
Bowjob: but i dont see it anywgere
topace: hehe yea, i didnt do _anything_ all we did was put the banner on the www.cavirtex.com website and a news article on havelock website
topace: thats all it needed apparently
mircea_popescu: Chaang-Noi ya dude, totally. the fact that they failed to meet spec is something that makes me jelly.
mircea_popescu: the fact that they've cost their investors 100k btc or so makes me jelly.
ThickAsThieves: maybe YOU didnt do this, but the asset also had a nice prospectus, and a video
topace: ThickAsThieves: yea, we delayed it 3 times due to prospectus re-writes
Bowjob: so topace how are investors gonna get paid
mircea_popescu: read the forum threads linked above, i won't bother rehashing it.
Bowjob: i didnt see any dividends back
topace: im sure there'll be dividends eventually
Bowjob: I'm interested on the leveraged trading,
Chaang-Noi: cant back up crazy claim, says not trollin, lol
topace: they just havent been announced yet
Bowjob: i can lend some btc there, have 12% guaranteed
Bowjob: if you watched the video.. he mentioned the leverage as part of cavirtex
dub: all I see is sour grapes tbh
ThickAsThieves: regarding asicminer, its still a very small amount of shares even being traded
Bowjob: so i assume he's gonna need osme btc
mircea_popescu: and in general, when you're sent to do reading it's because you're sprouting nonsense.
Bowjob: and its guaranteed since i think they'll make people put up collateral
assbot: [BTCTC] [B.YABMC] 1 @ 0.01965 BTC [+]
topace: Bowjob: yes, the leveraged trading will happen on virtex, using the short fund on havelock as collateral
dub: as ThickAsThieves is saying there is no market for AM beyond a couple of pissant PTs and some forum auctions
Chaang-Noi: you wanted me to read inauncall your girl names?
mircea_popescu: yes dude, you are. that's what fucking up is. missing body parts.
assbot: [HAVELOCK] [VTX] 8 @ 0.75449999 = 6.036 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.7545 BTC [+]
assbot: [HAVELOCK] [VTX] 5 @ 0.755 = 3.775 BTC [+]
assbot: [HAVELOCK] [VTX] 3 @ 0.75999996 = 2.28 BTC [+]
assbot: [HAVELOCK] [VTX] 19 @ 0.75999998 = 14.44 BTC [+]
assbot: [HAVELOCK] [VTX] 3 @ 0.76 = 2.28 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.765 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.76 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.68 = 1.36 BTC [-]
Bowjob: imo best investments as a growth stock..
Bowjob: asicminer. and HIM at havelock
topace: mircea_popescu: my mining fund
Bowjob: same as asicminer, tho smaller
assbot: [MPEX] [S.MPOE] 8273 @ 0.00064056 = 5.2994 BTC [-]
Bowjob: the only thing that bothers me is that you took bfl pre orders
topace: mircea_popescu: yea, until fucking BFL delivers
mircea_popescu: topace those do poorly historically. what's it got, fpga ?
topace: yea about 22GH atm, all FPGA
topace: since like, last summer
topace: but we only pay out ~50% as dividends, with extra being reinvested
Bowjob: did you order any avalons
topace: so its not like lame gigaminer where you're buying a certian mh/s
topace: your share is always your percent share of the total
Bowjob: yeah thats a pretty good fund, i like it... but. dat bfl
Bowjob: they are pretty silent over there, josh is just going insulting people on the forums
topace: we were even outdoiing network increases and raising dividends
topace: due to the reinvestment in new fpga's
topace: until a few months ago
topace: when all the ASIC shit hit the fan
topace: but... we also have 1.8Th on pre-order, and most of which will be paid for with re-invested earnings (so no need to issue new units to buy the units up front)
topace: thanks to the btc appreciation
topace: what we had saved to buy asics to cover 4-6 units, now will cover pretty much all 30 units we have on preorder
topace: dating back to the first week of pre-orders
Bowjob: how much was the 1.5 minirig
topace: yea, starting to really bother me too.. however -- its not paid for with HIM funds
mircea_popescu: so basically you hold the early option to 1.8th of bfl
topace: its all paid for with my personal funds
topace: when they are sitting on my desk, HIM buys them from ME
topace: hehe, worked well for the fpga's
mircea_popescu: next thing out of my mouth was "so are you lending stock ?" but averted.
Bowjob: 31 BTC says not until july at least
Bowjob: mhm, maybe its a good idea to make my own mini farm starting with 1 avalon
Chaang-Noi: i think im going to lose my bet thinking bfl would ship this month, lol
Bowjob: i'll drive my parents nuts
mircea_popescu: "The other factor, of course, is that Bitcoin can't be manipulated as easily as gold and silver obviously are. "
Bowjob: the first buyers were better off holding btc
gribble: BTCUSD ticker | Best bid: 75.60501, Best ask: 75.69800, Bid-ask spread: 0.09299, Last trade: 75.60500, 24 hour volume: 80478.52504177, 24 hour low: 69.80000, 24 hour high: 78.00000, 24 hour vwap: 74.59924
Bowjob: i wonder if there's gonna be a bet before may 1st avalon
Bowjob: or we just go straight to july
assbot: [MPEX] [O.BTCUSD.C630T] 1000 @ 0.19996944 = 199.9694 BTC [+]
assbot: [MPEX] [O.BTCUSD.C610T] 1000 @ 0.22859638 = 228.5964 BTC [+]
assbot: [MPEX] [O.BTCUSD.C650T] 1000 @ 0.17290381 = 172.9038 BTC
assbot: [MPEX] [O.BTCUSD.C690T] 1000 @ 0.12457025 = 124.5703 BTC
assbot: [MPEX] [O.BTCUSD.C670T] 1000 @ 0.14768862 = 147.6886 BTC
assbot: [MPEX] [O.BTCUSD.C710T] 1000 @ 0.10373103 = 103.731 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.06926151 = 69.2615 BTC [+]
assbot: [MPEX] [O.BTCUSD.C730T] 1000 @ 0.08527783 = 85.2778 BTC [+]
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 48.45538965 / 66.4177076 / 76.84005554 (33537 shares, 2,737.95 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
tiberiusiv: mp: are you under the assumption options tend to predict the future?
ThickAsThieves: sentiment can become self-fulfilling, like chart-reading
assbot: [HAVELOCK] [VTX] 1 @ 0.75999999 BTC [-]
tiberiusiv: mircea_popescu: i think mpex shares declined due to missing out on the cavirtex ipo
mircea_popescu: what, thre's some golden rule that all ipos must happen on mpex or something ?
tiberiusiv: cavirtex may have been the most successful ipo to date?
tiberiusiv: i dont even think sdice sold out that fast
tiberiusiv: mircea: well, it would have been nice that the higher quality issuances use mpex
assbot: [MPEX] [O.BTCUSD.C610T] 1000 @ 0.22856513 = 228.5651 BTC [-]
assbot: [MPEX] [O.BTCUSD.C650T] 1000 @ 0.17285328 = 172.8533 BTC [-]
assbot: [MPEX] [O.BTCUSD.C670T] 1000 @ 0.1476286 = 147.6286 BTC [-]
assbot: [MPEX] [O.BTCUSD.C710T] 1000 @ 0.10365616 = 103.6562 BTC [-]
mircea_popescu: you were just born last night so you think this morning is "the best morning to date".
assbot: [MPEX] [O.BTCUSD.C730T] 1000 @ 0.08519875 = 85.1988 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.06918073 = 69.1807 BTC [-]
mircea_popescu: for the record, bitbet is a tiny corp and collected something like that.
tiberiusiv: how when most of the shares are still for sale
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.69 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.681 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.68 = 1.36 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.68 = 2.04 BTC [-]
ThickAsThieves: what is your point tib? that mpex must bow to havelock?
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.67 = 1.34 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.66 = 2.64 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 8 @ 0.6591 = 5.2728 BTC [-]
tiberiusiv: thickasthieves: no it was just interesting to see the stock price react
mircea_popescu: yeah, well, prices vary a lot more than that for a lot less reason.
Bowjob: 400 worth of btc was it
Bowjob: yeah so around 4k btc worth... at the time?
Bowjob: i remember the fiat value was about 80k usd
tiberiusiv: so what exactly is asicminer? avalons equipment
Bowjob: it was equally painful and pleasurable for the parties
tiberiusiv: or were they using asicminer shares to finance avalon orders lol
Bowjob: involved in the 0.008 transaction
Bowjob: well i asume its painful for just 1 party lol
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.75 = 1.5 BTC [+]
tiberiusiv: i think over the longrun you will be better off just owning btc outright then btc companies
tiberiusiv: theres also been countless gold transfer firms that have busted too
tiberiusiv: btc companies work for short time periods before competition becomes intense
mircea_popescu: listen, you have this broken approach to learning whereby you make definitive statements that are both wrong and uninformed
mircea_popescu: with the expectation someone will argue you into sense.
tiberiusiv: really they are wrong? like mtgox losing market share for 2 years?
assbot: [MPEX] [O.BTCUSD.C710T] 5 @ 0.119 = 0.595 BTC [+]
mircea_popescu: this isn't a school setting and you're certainly not the clever kid in the class or anything.
tiberiusiv: and mpex having no listings outside of sdice
mircea_popescu: and you can't manipulate me into it either, simply because of the size differential.
tiberiusiv: you can make all the statements you want mp, facts speak for themselves and mpex has 1 firm on it that is not related to mpex.
tiberiusiv: mpex's only "edge" so far is its dominance of option trading
assbot: [MPEX] [O.BTCUSD.C730T] 8 @ 0.0981512 = 0.7852 BTC [+]
assbot: [MPEX] [O.BTCUSD.C730T] 10 @ 0.10153501 = 1.0154 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 600 @ 0.086 = 51.6 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 10 @ 0.09959 = 0.9959 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 5 @ 0.0869 = 0.4345 BTC [-]
ThickAsThieves: My first day trading options on MPEX and I'm up 22.5%, heyo!
assbot: [BTCTC] [BASIC-MINING] 14 @ 0.344 = 4.816 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 600 @ 0.06917259 = 41.5036 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 6 @ 0.34999 = 2.0999 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 400 @ 0.06917259 = 27.669 BTC [-]
gribble: BTCUSD ticker | Best bid: 75.00002, Best ask: 75.51612, Bid-ask spread: 0.51610, Last trade: 75.51612, 24 hour volume: 80957.53550534, 24 hour low: 70.78624, 24 hour high: 78.00000, 24 hour vwap: 74.64243
gribble: There are currently 10614.009 bitcoins demanded at or over 70.0 USD, worth 759660.325336 USD in total. | Data vintage: 0.0074 seconds
gribble: There are currently 9697.4468 bitcoins offered at or under 80.0 USD, worth 761706.200795 USD in total. | Data vintage: 3.0644 seconds
Namworld: I could see us reaching 100... or at least hitting against the resistance there.
Namworld: Just reaching 100 would be fun
Namworld: I got puts at 31 from the beggining of the month >.>
Bowjob: eh, im in this for the long haul, let the bears have their fun
Namworld: I could sell them into the 2 satoshi bids...
Bowjob: in the form of flash crashes
Bowjob: honestly, i have no clue about crashes.. im sure no one really knows for sure
assbot: [BTCTC] [S.DICE-PT] 90 @ 0.00492 = 0.4428 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.69 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.68 BTC [-]
Bowjob: well if btc crashes to 31, ian will turn legit
Namworld: Let the price flash crash to 0.01 USD per BTC (MtGox hax #2)
pigeons: people are paying a lot of money for virtex
gribble: There are currently 36697360 bitcoins demanded at or over 0.0 USD, worth 8718811.60498 USD in total. | Data vintage: 0.0179 seconds
assbot: [HAVELOCK:VTX] 1D: 0.50000000 / 0.72102007 / 0.79900000 (428 shares, 308.59659097 BTC), 7D: 0.38280000 / 0.41994834 / 0.79900000 (11169 shares, 4690.40300358 BTC), 30D: 0.38280000 / 0.41994834 / 0.79900000 (11169 shares, 4690.40300358 BTC)
Namworld: pigeons, remember that most stuff on Havelock go to 10% or under per year
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7 BTC [+]
Namworld: well there's only 2 cases other than SDICE... not really representative...
Namworld: but people pay a good price/income on there
pigeons: i mean people are paying a lot of money for mpoe
Namworld: but assuming a minimum of 1k BTC traded daily and average of 2% fees.
Namworld: That's 20 BTC daily or 0.0002 per share
Namworld: if that's 10% per year, than price should be at least 0.73
tiberiusiv: pigeons: virtex is real canadian shares though
pigeons: we've seen what that's worth
Bowjob: why litecoin will beat bitcoin
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [MPEX] [O.BTCUSD.C610T] 1000 @ 0.22859638 = 228.5964 BTC [+]
assbot: [MPEX] [O.BTCUSD.C650T] 1000 @ 0.17282361 = 172.8236 BTC [-]
assbot: [MPEX] [O.BTCUSD.C670T] 1000 @ 0.14756634 = 147.5663 BTC [-]
assbot: [MPEX] [O.BTCUSD.C710T] 1000 @ 0.10353607 = 103.5361 BTC [-]
assbot: [MPEX] [O.BTCUSD.C730T] 1000 @ 0.08505736 = 85.0574 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.06902428 = 69.0243 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.08 = 80 BTC [+]
pigeons: wait they charge 2% on the btc side of the trade?
pigeons: Ukto: you need to get some of that market
assbot: [MPEX] [O.BTCUSD.C690T] 1000 @ 0.12440874 = 124.4087 BTC [-]
pigeons: i had a guy tell me yesterday he wanted to deposit cad with weex but was afraid since the market was so thin, he'd have to pay the 4.50$ withdraw fee
tiberiusiv: cavirtex fees will be down alot by the end of the year
tiberiusiv: so far cavirtex is the fastest withdraw/deposit exchange available
tiberiusiv: under 2hrs to fund in canada, and same day withdrawls
tiberiusiv: only downside is its mostly catering to canadians at this point
tiberiusiv: can i fund bitcoin-central in 20,000 locations?
tiberiusiv: without having to deal with charlie shrem and bitinstant
toffoo: mircea_popescu: have you gotten any further along in trying to short asicminer?
mircea_popescu: they're what cavirtex aspires to be. banking partners and all.
mircea_popescu: toffoo only in the sense bugpowder is now also looking for shares.
tiberiusiv: mircea: how deep is bitcoin-central order book
toffoo: if you could borrow them, how/where would you sell them?
toffoo: the liquidity on the two passthroughs is low (especially on the bid side)
ChaangNoi: asicminer is not listed on an exchange, it is not publicly traded, the stuff on the exchanges are just pt's sorta
mircea_popescu: toffoo yea well, i wouldn't borrow mystical "asciminer" shares. i'd borrow actual tradeable instruments.
assbot: [MPEX] [S.MPOE] 5450 @ 0.00064056 = 3.4911 BTC [-]
ChaangNoi: most of the volume of asic miner is traded otc on the forum
toffoo: has anyone made you a real offer to loan them? INAU?
mircea_popescu: toffoo he made a fool of himself, as in, went all tough into offering them but then failed to actually go through.
toffoo: how many are you thinking of shorting? (roughly)
ChaangNoi: i thought about it, but i did not think the pay off of 1% or so was worth the risk of putting them on an exchange
toffoo: I was thinking about it too (loaning them)
toffoo: but at first glance it didn't seem like a very good idea ...
toffoo: but i thought about it a little deeper today,
ChaangNoi: have you seen the bids on the PT's ? not many, also when it is time to buy back, you might not has the asks... this might not be a good thing to short (if you do a pt)
mircea_popescu: well as a rule of thumb, if loaning them isn't a good idea selling them usually is a good idea.
toffoo: and maybe came up with an idea that makes more sense (for both parties)
mircea_popescu: toffoo a good starting point would be the old short contract i made for public use
toffoo: it was the cp risk considerations that I didn't like
toffoo: lemme take a look at that ...
Bowjob: still deciding if this guy can be trusted or not
Bowjob: he seems to want an avalon 3
ChaangNoi: loaning btc is just asking for it to be gone...
tiberiusiv: 0.5btc says he spends his borrowed funds on sdice
toffoo: mircea_popescu: so did that trade actually happen?
Bowjob: yes yes of course. he's an uknown..
toffoo: so you didn't sell the shares you borrowed?
toffoo: so you covered a long time ago?
mircea_popescu: "And that the Lendee shall cause the shares be returned to the Lender on December
mircea_popescu: the 19th, 2012, or at his preference pay their value calculated as the average
mircea_popescu: price during the past five days, except if ASICMINER should have become disconti
mircea_popescu: nued or are no longer traded in which case a token payment of 1 BTC shall be suf
tiberiusiv: thickasthieves: his bot will just fill it up.
ChaangNoi: well asicminer is still traded just otc and not on an exchange.
Namworld: Yeah. I got a whole BTC to show for that contract >.>
mircea_popescu: yeah but as i said above, "<mircea_popescu> toffoo yea well, i wouldn't borrow mystical "asciminer" shares. i'd borrow actual tradeable instruments."
Namworld: I just really wasn't expecting GLBSE to go down.
ChaangNoi: however it would be hard to find an average price
mircea_popescu: there's no practical way to do stuff like shorting unless there's functioning markets.
mircea_popescu: which is why stupid shit like what friedcat is pulling is at best harmful
ChaangNoi: that is why i think it is very hard to short this stock
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.69 = 1.38 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.68 BTC [-]
ChaangNoi: i dont think he is scamming, he just does not want a second glbse fail, this is him making sure he wont lose money again
ChaangNoi: it is susspected nefario took some of the shares and claimed them as his own,
mircea_popescu: honestly i think he failed to uinderstand that operations is just piece of the pie, not the whole pie
mircea_popescu: had some "helpers" of the typical sort doing an exchange
mircea_popescu: and got himself stuck and with no time to handle things.
ChaangNoi: his goal was to get the money to make the stuff, he has it, he could care less about the share price as he will no longer sell shares
ChaangNoi: he and many of us, are in it for the dividends, not share price
mircea_popescu: when you run a public company you owe your shareholders some basic stuff.
ChaangNoi: he wont sell shares if the price is .001 or 20 btc he does not need an exchange
mircea_popescu: the time/effort he put into handmanaging email transfers by now is an eyesore in his books
ChaangNoi: he is letting us trade the shares, he is letting us do PTs
ChaangNoi: the time he spends on that is better than a second glbse fail
ChaangNoi: he lots a lot of btc and a lot of people lots shares
mircea_popescu: it just means something about his financial competence.
ChaangNoi: he thinks at this time there is not a safe exchange to list at
toffoo: actually asicminer was way ahead of the game in predicting glbse's demise ...
mircea_popescu: no, he just thinks he doesn't have a clue about such matters.
ChaangNoi: i have no problem with the way he is doing things honestly
mircea_popescu: anyway, at about the same time asicminer got started i wanted to list mpoe.
mircea_popescu: it was obvious to me glbse is going to shit, and so i saw myself forced to make an exchang
ChaangNoi: he is not in the business of making an exchange, his skills is making asics, or if he can do both, the better money for his time is asics
mircea_popescu: this is not predicting anything, keeping 1k+ in cash on global scam exchange.
mircea_popescu: ChaangNoi this fails to explain why he said he was making one.
ChaangNoi: glbse was going down hill, nefario was a nutter
mircea_popescu: ChaangNoi bitch, quit it. you were his main supporter back in september when i was the only one saying this
ChaangNoi: mp he might have started to make one, but found it not safe or that he was too busy making asics to finish
mircea_popescu: no. he promised an exchange, he failed to deliver it, never mentioned it again
ChaangNoi: lol yeah nefario and i have always been close
mircea_popescu: stop trying to alter history on me, i won't let it pass.
ChaangNoi: lol you forget when he tried to kick me before?
mircea_popescu: what the fuck do you think, my memory is three months long like the forums ?
toffoo: i'd say the forum is < 1 week
ChaangNoi: i called nefario a scammer before he kicked me, and 6 months before that i would not give him my id cuz i said he could not be trusted and his site was not safe.. the forum posts are still there
ChaangNoi: he said he was going to kick me but never did, he backed down
assbot: [HAVELOCK] [SDICE] 1 @ 0.46 BTC [-]
tiberiusiv: how convenient they register in delaware
ChaangNoi: i would say it is not exactly like glbse and theymos unless there is stuff going on i dont know about
mircea_popescu: and for speed and cheapness and really... that's what delaware does
mircea_popescu: "Looking to borrow 600 BTC @ 3.5% weekly ianbakewell" << heh
toffoo: nevada is pretty good too (for registering, not potatoes)
pigeons: i wonder if bakewell is the guy's rea; name
ChaangNoi: ianbakewell is still around? and asking for money? oh lol
Namworld: I pay 0.21% weekly and I find that a lot.
ChaangNoi: lots of scammers used their real name
pigeons: i asked cause its humorous. i know its bad form to make fun of a fellow's name
pigeons: mernie madoff is funny one too
Bowjob: the moment of truth for ian is 29th of march
Bowjob: thats his 1st cheduled payment
tiberiusiv: he can only make it if the btc price is down
Bowjob: and it says on his sig, short btc at 34.50
pigeons: when does he have to rebuy his S.DICE shares too? you know he hasn't done that yet
Bowjob: that hurts like a bitch
Bowjob: TF is on the receiving end of that share short
Bowjob: he did well at shorting s.dice
gribble: BTCUSD ticker | Best bid: 74.66999, Best ask: 74.67000, Bid-ask spread: 0.00001, Last trade: 74.67000, 24 hour volume: 81024.62335997, 24 hour low: 71.25319, 24 hour high: 78.00000, 24 hour vwap: 74.68722
mircea_popescu: did he even say what his s.dice short cost basis was ?
Bowjob: cuz fuck the extra zeros
tiberiusiv: sdice is too dangerous to short because voorhees has 90% of them and can always manipulate earnings
tiberiusiv: voorhees can simply use his buying power to bully short sellers into massive losses
pigeons: well he's trying to have less than 90%, he's working on it
Bowjob: tiber, more conspiracy theories please
tiberiusiv: pigeons: hell have to fake more playing
mircea_popescu: tiberiusiv that's really a discredited argument you know.
pigeons: tiberiusiv: that's an unproven allegation that we've all been over. we're all interested only if you have some proof
tiberiusiv: if it was, voorhees wouldnt still have 90% of shares.
mircea_popescu: think for a moment. if he has 90% of the shares or if he has 500k BTC it's all the same.
tiberiusiv: the proof is that more people arent willing to buy shares
mircea_popescu: that's not how proof works, that's how circular arguments work.
tiberiusiv: mp: id expect you to defend him since your own operations are beyond shady as well.
mircea_popescu: you know there's a long history of hotheads with nothing to show just like yourself tried that entire approach.
tiberiusiv: mpex is what 95% owned by you? theres no way to tell how many of your "options" trades are real
tiberiusiv: you only need to get rid of 10-20% shares at inflated valuations to pocket millions
toffoo: that's bill gates and warren buffet of btc right there
mircea_popescu: stop running around the field. the point of discussion here is that the holding % makes no difference.
mircea_popescu: it's immaterial if this wealth is in shares or btc or anything.
tiberiusiv: yea and you have proceeds from the existing share sales
mircea_popescu: right. so basically your argument reduces to "we can't short bcause we don't control the money supply"
mircea_popescu: however, needing this argument shows your shorts are a power play, not a market play.
mircea_popescu: and it is all as it should be : you aren't the ones in power for a very good reason.
mircea_popescu: that you're new, or clueless, or haven't done anything worth the mention.
tiberiusiv: fact is this, sdice has been around about 1 year now and is so "profitable" yet voorhees cant sell more shares.
mircea_popescu: power always concentrates in the hand of the elders, and the productive, and the smart.
tiberiusiv: same with mpex and its 30mil of notional contracts
tiberiusiv: however a verified business like cavirtex sells out in a few hours.
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.74 = 2.22 BTC [+]
mircea_popescu: fiction is one thing, but you're veering into delusion.
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.75 = 1.5 BTC [+]
assbot: [MPEX:S.MPOE] 1D: 0.00062546 / 0.000641 / 0.00066783 (305707 shares, 195.96 BTC), 7D: 0.00062546 / 0.00069767 / 0.00077505 (2232450 shares, 1,557.51 BTC), 30D: 0.00061614 / 0.00072244 / 0.00078628 (31470843 shares, 22,735.98 BTC)
assbot: [HAVELOCK:VTX] 1D: 0.50000000 / 0.71964458 / 0.79900000 (408 shares, 293.61499054 BTC), 7D: 0.38280000 / 0.41994834 / 0.79900000 (11169 shares, 4690.40300358 BTC), 30D: 0.38280000 / 0.41994834 / 0.79900000 (11169 shares, 4690.40300358 BTC)
tiberiusiv: mircea: i am? you only need to dump 10-20% of your grossly overvalued shares to pocket millions
mircea_popescu: except i'm not doing it, because they're not overvalued.
tiberiusiv: virtex does a small % of volume compared to what you claim you do
mircea_popescu: i wouldn't sell my state in s.mpoe for 50mn usd in cash today.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.65508 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.6432 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.63 BTC [-]
mircea_popescu: if anything, i'm oversold. s.mpoe is on the long term worth more than jpm.
tiberiusiv: mp: yes the typical sociopathic quotes.
tiberiusiv: mp: and you being in one of the largest fraud centers of the world doesn't help your case either.
tiberiusiv: mp: 10-20% of your shares get sold you pocket millions, on a business where nobody can verify actual activity on.
ChaangNoi: lol cuz he is in romania must be scam? facepalm
ChaangNoi: im in thailand, i must be a lady boy right? lol
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.61 = 2.44 BTC [-]
mircea_popescu: which is all the better, let the wannabe "verificators" mind their own business.
assbot: [HAVELOCK] [VTX] 1 @ 0.66 BTC [-]
tiberiusiv: chaangnoi: thats why nby credible wants to list on his exchange, romania is internet fraud capital.
mircea_popescu: and to be clear : tyhis isn't a "case" im making. this is a political statement.
mircea_popescu: bitcoin is exactly about raping the sort of bs you're sprouting.
tiberiusiv: customers dont want to hear political statements.
mircea_popescu: i don't need to persuade you that btc is worth something, or that mpoe is worth someting.
ChaangNoi: lol there are reasons not to use his excahnge, being in romaina is not one of them
mircea_popescu: i'll justg mind my own business indefinitely and you come crawling whenever you're done lubing yourself up.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.63 BTC [+]
tiberiusiv: mircea: of course you will, you have no problem taking the slow and steady approach of selling worthless shares over a longer time period.
mircea_popescu: but the fact alone that the "mpoe is worthless" argument reduces to a "btc is worthless" defeated argument from 2011
tiberiusiv: nobody knows how much of your supposed tens of millions in options is fake.
mircea_popescu: your argument cvhanged from "i can't verify the identity of users"
tiberiusiv: nobody on here can verify ANY of the trades/volume mpex does.
mircea_popescu: nobody knows how much of your supposed tens of millions in options is fake. <<< IDENTITY OF USERS
tiberiusiv: hence why you still own 90% of the company
mircea_popescu: the only reason i own 88% of mpoe is tghat i didn't sell more.
mircea_popescu: if one day you actually read the statements you'll see it;'s been going down since 99.5% last year.
mircea_popescu: there's clear statements made as to plans, they've been followed, etc.
tiberiusiv: why wouldnt it be? you need suckers to pay the $
ChaangNoi: tiberiusiv sounds like you are jelly :/
ChaangNoi: if you dont like the stock dont buy it, how is that hard?
mircea_popescu: actually one of the main likely reasons mpoe is worth a lot is exactly that : btc has inflation
mircea_popescu: so mpoe is becoming / became already the t-bills of btc.
tiberiusiv: the 88% of shares that havent been dumped yet
Namworld: that they are or not doesn't change the dividend per share...
mircea_popescu: if indeed they are worthless then yes they are in the market, burning a hole in my pockets.
tiberiusiv: you cant sell them becuase there is no bids yet, once you inflate the mpex earnings through faking nearly everything mpex related, bids(gullible idiots) will show up to pay you
ChaangNoi: lol there are not 10 million bids for btc right now either, lol
mircea_popescu: just as soon as your corp reaches 50mn dollars valuation there's people with nothing in their pocket telling you how your capitalist way are scamming the world
tiberiusiv: then a stock exchange listing worthless shares
mircea_popescu: the emperor tiberius has accepted btc, but not mpoe, so this makes them different
ChaangNoi: dont buy the stock if you dont like it, clearly someone lkes it
tiberiusiv: theres a gullible idiot born every minute
tiberiusiv: he only needs to dump a small % to get filthy rich
tiberiusiv: and in romania, identities are sold by the cart load
ChaangNoi: in btc land stupid people get to do stupid things with their money, i love freedom
mircea_popescu: tiberiusiv seriously : if you had a clue you wouldn't be talkign, you would be showing.
ChaangNoi: tiberiusiv how many years have you spent in romania learning their ways?
tiberiusiv: chaangnoi: my good friend was from his city
ChaangNoi: so you are an expert about all romanians?
mircea_popescu: ya, well, then he can prolly tell you all about how trilema was the most read romanian blog for years
ChaangNoi: .75 seems to be the new AM pt price as a high
ChaangNoi: not shocked people are selling after the .1 was paid out
maximian: mircea_popescu I was wondering the same thing. eskimobob = tiberius?
mircea_popescu: i mean, still the same 20 something aspirational kid, but eskimobob was kinda esl.
maximian: yeah, and he was more into muttering to himself
mircea_popescu: tiberiusiv the previous installment of "i won't read because i know better scammors!"
assbot: [MPEX] [S.MPOE] 6077 @ 0.00064056 = 3.8927 BTC [-]
assbot: [MPEX] [S.MPOE] 1823 @ 0.00063515 = 1.1579 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.452 = 1.356 BTC [-]
ChaangNoi: i did not buy s.dice cuz i think it was a long term investment, but im fine if others want to buy it,
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.695 BTC [+]
tiberiusiv: chaangnoi: i dont care what others do with their $, both sdice and all the mp assets are shady as hell by anyone with 2 IQ points.
ChaangNoi: then do like me, and dont buy them
Bowjob: hey mp, ur fuckup adria comp, its 1 person per shot
ChaangNoi: why are you so butt hurt he found peopleto buy them?
tiberiusiv: chaangnoi: im not. just voicing an opinion
tiberiusiv: if he gets away with it all the power to him, just like madoff victims have only themselves to blame
tiberiusiv: chaangnoi: not all romanians are scammers but that area breeds a huge % of them per capita, not to mention all sorts of other criminals they scatter all around europe.
ChaangNoi: i love the freedom in btc land, people get to do what they want. mp is not forcing anyone to do anything
ChaangNoi: you know.. using btc might be thought of as a crime... maybe mp is a crimanal too, after all did he register his exchange? bow down to the govt, lulz
tiberiusiv: using btc is no different then using anything as money
ChaangNoi: did you pay sales tax when you use btc? you are crimanal too!
tiberiusiv: not to even bring up mp's rather disgusting/shady porn dealings
tiberiusiv: pimping girls is another thing romanians are notorious for in europe
ChaangNoi: as long as there is concent why do you care?
mircea_popescu: o, i was wondering when we get to that line of nonsense.
tiberiusiv: romanian hookers are dirt cheap because its poor girls that are easy to take advantage of
tiberiusiv: they are sent all over EU by their handlers to top bidders
toffoo: I prefer the term "good value"
mircea_popescu: you know, the sad thing with this "community" or w/e it is is that naysayers are too stupid/lazy to make good arguments.
ChaangNoi: take advantage of, like giving them a job to make good money? yeah... lol they should just starve to death or the govt should hand them piles of money cuz whatever
mircea_popescu: they become trivially easy to defeat, much to the benefit of actual scams
mircea_popescu: if the girl weren't on the forum people like the bitbillions guy would probably have the run of it.
mircea_popescu: im getting sick of having to pay to show people how naysaying is done right
tiberiusiv: mircea you havent defeated any arguement
mircea_popescu: just to not have anyone actually learn anything out of it.
ChaangNoi: you are proving that to us very well
ChaangNoi: anyway im out for a while, good trading all
assbot: [BTCTC] [PAJKA.BOND] 4 @ 0.10899 = 0.436 BTC [+]
gribble: BTCUSD ticker | Best bid: 75.07007, Best ask: 75.88870, Bid-ask spread: 0.81863, Last trade: 75.07004, 24 hour volume: 81261.23957830, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 74.73248
assbot: [BTCTC] [GSDPT] 100 @ 0.00447 = 0.447 BTC [+]
assbot: [BTCTC] [GSDPT] 61 @ 0.00448 = 0.2733 BTC [+]
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 48.45538965 / 71.84497777 / 78.24284189 (49175 shares, 4,680.64 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
gribble: BTCUSD ticker | Best bid: 75.49001, Best ask: 75.58000, Bid-ask spread: 0.08999, Last trade: 75.49000, 24 hour volume: 81153.14011718, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 74.73700
Bowjob: Umm.. I'd get killed if I post that there
Bowjob: I don't really post much there anyways,
Bowjob: "I've never seen a fire truck that needed to be shaved before. F"
Bowjob: yes it is a maddox quote
Bowjob: i think theres only 3 players so far
Bowjob: the last 3 are the same person trying to pretend as 3 people
Bowjob: not the last 3, the last 3 before the last one
Bowjob: you should get more now, i posted it
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.73 = 1.46 BTC [+]
Bowjob: i enjoyed the short monopoly i had on the contest
Bowjob: since the second pic does not depict rape, i would win all the prize lolz
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7 = 1.4 BTC [-]
Bowjob: on your article you misspelled photoshop
Bowjob: i doubt people would spot it tho
Bowjob: you spelled it as photochop
Bowjob: and not sure with the capital S in the middle
Bowjob: The article originally used the word “photochop
Bowjob: my teached back in hs, raised the same issue. The "correct" term is photo-edit
Bowjob: no one gave a shit and called it photoshopping anyway
assbot: [BTCTC] [S.DICE-PT] 2 @ 0.00492 = 0.0098 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 93 @ 0.00495 = 0.4604 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 318 @ 0.00495 = 1.5741 BTC [+]
Bowjob: she told us to "get creative" if we couldnt afford photoshop
Bowjob: nah she was referring to piracy
Bowjob: its been so many years now i forgot how to photoshop
Bowjob: i remember i recreated this pic
Bowjob: i made the dude on stalin's right disappear
assbot: [MPEX] [S.MPOE] 4759 @ 0.00063515 = 3.0227 BTC [-]
Bowjob: i was wondering how the hell did they do that back then
Bowjob: looks legit, actually. considering the quality of photgraphs back then
Bowjob: the last one looks like you
toffoo: i got all pumped up to win $750 bux .. then realized I don't have photoshop installed anymore
Bowjob: these redditors downvoted my post, yet we got some new traffic
Bowjob: its either from people here or redditors downvoted my post and joined your contest
Bowjob: adria looks like a human poodle
Bowjob: mp. wheres that pic of buttcoin
mircea_popescu: i recall this carlin bit, "according to 90% of participants, gangrape is great fun"
Bowjob: the one where mpoe-pr made this dude shove a pen up his ass
Bowjob: ah, the power of buttcoins
mircea_popescu: "o, bitcoin is worthless because i can't buy anything with it"
toffoo: so I went on reddit to upvote your contest,
toffoo: and oh dear I didn't notice your favorite bitcoin spokesperson got some more free press again last friday:
gribble: (bids [--under] <pricetarget>) -- Calculate the amount of bitcoin demanded at or over <pricetarget>. If '--under' option is given, find coins or at or under <pricetarget>.
gribble: There are currently 36697167 bitcoins demanded at or over 0.0 USD, worth 8721857.08948 USD in total. | Data vintage: 0.0167 seconds
toffoo: he plays the role of "squatter" so incredibly well
toffoo: i power laughed at this video
mircea_popescu: toffoo dub already mentioned it. it's funny how most of the guy's following consists of people surprised he's still alive.
toffoo: clearly that abandoned office block has no running shower
Bowjob: whoever did that, gratz. you've outdone me
Bowjob: mp, im pretty sure thats a vanilla pod
Bowjob: so its not a vanilla pod
Bowjob: did it grow these past 3 years
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [HAVELOCK] [VTX] 5 @ 0.75 = 3.75 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 8 @ 0.34999 = 2.7999 BTC [+]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.009993 BTC [-]
assbot: [BTCTC] [BTC-BOND] 22 @ 0.009994 = 0.2199 BTC [+]
assbot: [BTCTC] [BTC-BOND] 3 @ 0.009994 = 0.03 BTC [+]
assbot: [HAVELOCK] [VTX] 8 @ 0.75 = 6 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 15 @ 0.00441 = 0.0662 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 80 @ 0.00441 = 0.3528 BTC [-]
jurov: hi mircea_popescu, when we can exppect bitbet payouts?
assbot: [BTCTC] [S.DICE-PT] 31 @ 0.0044 = 0.1364 BTC [-]
jurov: no the ohers are for 12 and 20 million, they better wait
assbot: [BTCTC] [GSDPT] 7 @ 0.00414 = 0.029 BTC [-]
jurov: who has done them? if you did, do you plan to create new ones?
assbot: [BTCTC] [GSDPT] 14 @ 0.00413 = 0.0578 BTC [-]
jurov: haha looks even more like 1995
Bowjob: it looks good for nighttime trading
Bowjob: perhaps switch to yellow, ala bestpageinteuniverse?
jurov: to support bullish mood
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.0689697 = 68.9697 BTC [-]
Bowjob: it hurts us when we switch from mpex to irc
Bowjob: its a meta prob, nothing to do with site
Namworld: Hmm... did you process two deposit for me mircea? I get confused with all the buying/selling
Bowjob: since our eyes would get used to it
jurov: Bowjob, ur irc client doesn't have dark skin?
Bowjob: i dunno how to do that
gribble: Error: "darkskin" is not a valid command.
gribble: The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation:
http://gribble.sourceforge.net/ jurov: don't think gribble can do it... he seems caucasian
Namworld: Yeah, looks like it was processed
Namworld: Looking at the list of sales/purchases on my command line, seems like my two deposits are in there now.
assbot: [MPEX] [S.MPOE] 3800 @ 0.00063515 = 2.4136 BTC [-]
Namworld: Price looks on the rise. I got some calls. I'm all good.
jurov: Namworld, which client are you using? pympex logs by default now
gribble: BTCUSD ticker | Best bid: 76.21001, Best ask: 76.50000, Bid-ask spread: 0.28999, Last trade: 76.50000, 24 hour volume: 81138.77068508, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 74.80606
Namworld: Is the latest pympex ported to windows yet?
Namworld: Does that mean it calculates deposits and transactions appearing on stats now?
jurov: no it just does some calculation on new orders
jurov: dunno why it's such a problem with win... anyone tried the dotnet one?
jurov: ironpython or however they call it
gribble: There are currently 36702157 bitcoins demanded at or over 0.0 USD, worth 8834463.93001 USD in total. | Data vintage: 0.0180 seconds
Namworld: We're getting closer to 9 million USD in bids
jurov: but it's a bit meaningless. maybe gribble could say "but there are only 11m btc in circulation so if they sold then..."
gribble: (sell <amount> <thing> [at|@] <priceperunit> <otherthing> [<notes>]) -- Logs a sell order for <amount> units of <thing, at a price of <price> per unit, in units of <otherthing>. Use the optional <notes> field to put in any special notes. <price> may include an arithmetical expression, and {mtgox(ask|bid|last)} to index price to mtgox ask, bid, or last price. May also include expression of (1 more message)
jurov: ;;market sell 11000000
gribble: A market order to sell 11000000 bitcoins right now would net 8836647.0718 USD and would take the last price down to 0.0000 USD, resulting in an average price of 0.8033 USD/BTC. | Data vintage: 0.0160 seconds
Namworld: 8834463.93001 vs 8836647.0718 hmm...
Namworld: I guess bids increased again... but anyway
gribble: BTCUSD ticker | Best bid: 76.46001, Best ask: 76.50000, Bid-ask spread: 0.03999, Last trade: 76.50000, 24 hour volume: 81081.40171129, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 74.81300
Namworld: It's just an very, very general estimation of funds on MtGox. There's still the USD standing idle/not on bids
assbot: [MPEX] [S.MPOE] 7950 @ 0.00064816 = 5.1529 BTC [+]
Namworld: You know there's at least as much USD as the bids.
jurov: yes it's impressive anyway
Namworld: Well it's ridiculous as far as I care.
Namworld: Well it tend to flow a certain way...
Namworld: Well if everyone just keeps their Bitcoins forever... there's going to be some issues
Namworld: Well I'd also get part of that...
Bowjob: tiber your math is way off
Namworld: I don't say they have to spend it...
gribble: There are currently 36703203 bitcoins demanded at or over 0.0 USD, worth 8908860.95577 USD in total. | Data vintage: 0.0174 seconds
Namworld: 8.908 million... still increasing
Namworld: Well actually it probably went down because BTC increased in USD. And people want to gamble at max X USD
Namworld: or put x% of their income into gambling
Namworld: USD wise however, SD is making gains
Namworld: When I make a BTC investment, I can find out holding BTC might have been better.
Namworld: But as long as in fiat it increases instead, it's not a complete loss.
Namworld: It's just worse than holding BTC
assbot: [BTCTC] [BASIC-MINING] 2 @ 0.34999 = 0.7 BTC [+]
gribble: There are currently 0 bitcoins offered at or under 77.0 USD, worth 0.0 USD in total. | Data vintage: 0.0017 seconds
gribble: There are currently 2228.4083 bitcoins offered at or under 78.0 USD, worth 173045.230736 USD in total. | Data vintage: 7.1586 seconds
gribble: BTCUSD ticker | Best bid: 76.77701, Best ask: 77.19000, Bid-ask spread: 0.41299, Last trade: 77.19000, 24 hour volume: 81058.63736284, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 74.89676
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.75 = 3 BTC [+]
Namworld: The hourly chart says crazy movements
Chaang-Noi: i think the claim of 50 million to be a bit high myself
Chaang-Noi: but if he can sell it at that good for him
Namworld: tiberius: $10k traded on a good day? That's WAY under...
Chaang-Noi: better to sell 10% at 10,000 than 100% at 1,000
Namworld: There's more than $10k traded daily =/
Chaang-Noi: i would agree but there is nothing wrong with mp selling it for that price
Chaang-Noi: but the thing is, mp found some people to buy it, 12%
Chaang-Noi: yup, i tip my hat to mp for finding so many
Chaang-Noi: but you cant call mp a scammer if you dont know :/
Chaang-Noi: then dont invest, are you trying to convert people?
Chaang-Noi: i dont use his exchange or buy his stuff cuz i think it is way overvalued, if you are trying to convert me you are wasting your time
Chaang-Noi: well, if he can sell it might as well eh?
Chaang-Noi: well im off to do some real work, you should really do the same, point out how sucessful mp is is not really a good use of your time.
dub: thank you for imparting this knowledge tiberiusiv
Namworld: So you claim trades on MPEx are fake?
Chaang-Noi: i dont have a sweatshop, only because i have more profitable things to do with my limited time
Chaang-Noi: i have not "worked" in over a year and even that "work" was "teaching" at a university
gribble: There are currently 2117.1272 bitcoins offered at or under 78.0 USD, worth 164451.6758 USD in total. | Data vintage: 105.3837 seconds
gribble: There are currently 8048.9544 bitcoins offered at or under 80.0 USD, worth 637161.672751 USD in total. | Data vintage: 109.1166 seconds
Namworld: [05:19] <tiberiusiv> namworld: always be weary of someone who has a vested interest in selling you something
Namworld: I don't typically buy S.MPOE but thanks anyway for the advice
Namworld: I get S.DICE mostly. and Options
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10899 BTC [+]
MJR_: hmmm, i think we may see a dip
MJR_: just the depth of the book
MJR_: the buy side looks thin
MJR_: which is pretty rare
Namworld: not at all. Been like taht all day
MJR_: i mean in general it is usually a monster buy side with thing supply
Chaang-Noi: 1 million sales of btc drops it down to 72
Chaang-Noi: but i think we are going up, new ath soon
MJR_: yeah its pretty thin trading altogether
MJR_: well, yeah, i mean before 9
MJR_: i think the market is exhausted
MJR_: and i'm thinking of trying to ride it from 77.50 to 74
mircea_popescu: after sustained rise there's some flagging and that causes a panic
MJR_: i'm thinking that if i can short it here...hopefully there is a sell off and i can buy back in for more
Namworld: after the saturday crash, bids are getting back in the orderbook
MJR_: but 250 coins to move to 77 1250 to move to 78
Namworld: on such a small scale, that's insignificant
MJR_: 5 to 1 pushing down
MJR_: lol, yeah, it is tough
MJR_: and when trading high margin...you want very short scale
MJR_: clark moody always breaks for me
MJR_: using bitcoininty.org
gribble: There are currently 194.56549 bitcoins offered at or under 77.5 USD, worth 15078.825151 USD in total. | Data vintage: 0.0017 seconds
Namworld: we're basically raising at about the same speed as before the crash
Namworld: asks are slowly getting eaten too
gribble: There are currently 1462.6683 bitcoins offered at or under 78.0 USD, worth 113828.206504 USD in total. | Data vintage: 94.5324 seconds
MJR_: this is my first bitcoin short
MJR_: and again, i think we may hit an ath today, i just think we will dip a couple of bucks first
MJR_: and then i reverse position
MJR_: we'll see, i have my finger on the cover button
dub: yall nigras see this
MJR_: well i got my trailing stop in place
MJR_: i think it really doesn't take much to burst mt gox to 60 second plus lag
MJR_: unfortunately this software is just now realizing the sell, there is lag from gox, then lag to the charts, then lag to bitfinex
MJR_: and for the pleasure of seeing things happening minutes after they actually happen i pay ridiculous fees... :(
Chaang-Noi: all the asks and bids were taken out so we should see some crazy movements
MJR_: 90 coins puts under 77
MJR_: there it goes again
MJR_: you probably will today
MJR_: but hopefully not before we hit 76
MJR_: what is with this mini wall at 76.68
gribble: BTCUSD ticker | Best bid: 76.68630, Best ask: 77.58899, Bid-ask spread: 0.90269, Last trade: 76.68630, 24 hour volume: 82045.91053246, 24 hour low: 71.52122, 24 hour high: 78.00000, 24 hour vwap: 75.03512
MJR_: lol they just keep widening this gap
dub: yeah its scammy as fuck
gribble: BTCUSD ticker | Best bid: 77.00003, Best ask: 77.03400, Bid-ask spread: 0.03397, Last trade: 77.00002, 24 hour volume: 81960.22119000, 24 hour low: 71.55001, 24 hour high: 78.00000, 24 hour vwap: 75.09242
assbot: [BTCTC] [GSDPT] 14 @ 0.00449 = 0.0629 BTC [+]
assbot: [MPEX] [S.DICE] 304 @ 0.00449999 = 1.368 BTC [-]
MJR_: this trading platform is such fucking bullshit
Namworld: the wall doesn't keep price from rising tho
assbot: [HAVELOCK] [VTX] 3 @ 0.7 = 2.1 BTC [-]
gribble: There are currently 4330.0318 bitcoins offered at or under 79.99 USD, worth 343548.746816 USD in total. | Data vintage: 0.0041 seconds
Chaang-Noi: we keepgetting close, but cant reach 78 lol
Namworld: Without that wall to intimidate, there's like nothing until 100... very light slope
gribble: There are currently 39920.895 bitcoins offered at or under 99.99 USD, worth 3454701.99447 USD in total. | Data vintage: 96.3542 seconds
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74 BTC [-]
Chaang-Noi: pretty bullish if they will pay 33% more than gox
assbot: [MPEX] [S.MPOE] 4550 @ 0.00063865 = 2.9059 BTC [-]
kakobrekla: and they put 100 in the book first, then execute the asks
Chaang-Noi: anyay someone seems to be messing with the market at 77.777
MJR_: seems like a good range
MJR_: wasn't sure if we would break 80
MJR_: but not that high of a wall really
assbot: [HAVELOCK] [VTX] 1 @ 0.665 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.58 = 1.74 BTC [-]
assbot: [HAVELOCK] [KCIM] 2 @ 1.016 = 2.032 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1 BTC [-]
assbot: [HAVELOCK] [KCIM] 1 @ 1.015 BTC [-]
assbot: [HAVELOCK] [KCIM] 1 @ 1.01 BTC [-]
assbot: [HAVELOCK] [KCIM] 2 @ 1.001 = 2.002 BTC [-]
gribble: BTCUSD ticker | Best bid: 77.50101, Best ask: 77.77699, Bid-ask spread: 0.27598, Last trade: 77.77699, 24 hour volume: 81032.30957756, 24 hour low: 71.89779, 24 hour high: 78.00000, 24 hour vwap: 75.25893
assbot: [MPEX] [O.BTCUSD.C690T] 5 @ 0.12930638 = 0.6465 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00499 BTC [+]
gribble: There are currently 520.72291 bitcoins offered at or under 78.0 USD, worth 40616.3866223 USD in total. | Data vintage: 0.0013 seconds
gribble: There are currently 146.47185 bitcoins offered at or under 78.01 USD, worth 11424.8039147 USD in total. | Data vintage: 103.6015 seconds
gribble: There are currently 0 bitcoins offered at or under 78.01 USD, worth 0.0 USD in total. | Data vintage: 0.0015 seconds
Namworld: guy is going to get his wall eaten...
deadweasel: maybe he'll drop the wall and buy in at market.
gribble: BTCUSD ticker | Best bid: 78.40001, Best ask: 79.00000, Bid-ask spread: 0.59999, Last trade: 79.00000, 24 hour volume: 82470.81706976, 24 hour low: 71.89779, 24 hour high: 79.00000, 24 hour vwap: 75.34531
assbot: I haven't understood a single word you've said since I met you, not one single word.
gribble: BTCUSD ticker | Best bid: 78.38000, Best ask: 79.58766, Bid-ask spread: 1.20766, Last trade: 79.50000, 24 hour volume: 82500.26463872, 24 hour low: 71.89779, 24 hour high: 79.04992, 24 hour vwap: 75.35045
gribble: There are currently 3554.2802 bitcoins offered at or under 80.0 USD, worth 284165.021183 USD in total. | Data vintage: 55.1147 seconds
assbot: [BTCTC] [BASIC-MINING] 2 @ 0.34999 = 0.7 BTC [+]
gribble: There are currently 3808.2111 bitcoins offered at or under 80.0 USD, worth 304401.035789 USD in total. | Data vintage: 26.4863 seconds
Chaang-Noi: that wont hold, usa is starting to wake up and buy...
gribble: Next difficulty estimate | 6881519.95343 based on data since last change | 7299527.825 based on data for last three days
Namworld: There's no options available on MPEx
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.09 BTC [-]
Namworld: Anyone with his options already purchased must be quite happy
Namworld: At a premium on the call side... average increased
assbot: [MPEX] [S.MPOE] 9900 @ 0.00064816 = 6.4168 BTC [+]
mpexbot: mircea_popescu: O.BTCUSD.C750T Bids: ['1000 @ 0.06090229']
mpexbot: mircea_popescu: Asks: ['1000 @ 0.09287598', '1000 @ 0.25']
assbot: [HAVELOCK] [SDICE] 2 @ 0.454 = 0.908 BTC [+]
assbot: [HAVELOCK] [SDICE] 6 @ 0.453 = 2.718 BTC [-]
assbot: Last trade for O.BTCUSD.C750T on MPEX was at 0.0689697 BTC [-]
assbot: [HAVELOCK] [HIM] 2 @ 1.501 = 3.002 BTC [+]
assbot: [HAVELOCK] [HIM] 2 @ 1.5 = 3 BTC [-]
assbot: [HAVELOCK] [HIM] 1 @ 1.5 BTC [-]
assbot: [HAVELOCK] [HIM] 2 @ 1.4925 = 2.985 BTC [-]
Thinker_: why was the most recent ASICMINER dividend so low?
mircea_popescu: meanwhile on twitter "UK's online gambling sector worth £2bn in 2012"
assbot: [HAVELOCK] [HIM] 2 @ 1.49 = 2.98 BTC [-]
Namworld: ASICMINER is for 50% of the company. But they pay back IPO price to shares sold.
Thinker_: ThickAsThieves: interesting. Where are you getting this news? I am not getting any announcements like this from BitFunder.com
Namworld: So for the first weeks it was 100%
assbot: [HAVELOCK] [HIM] 1 @ 1.45 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.453 = 0.906 BTC [-]
MJR_: its quiet...too quiet
MJR_: think we are going through 80 today?
ThickAsThieves: once we get to 79.85 or so, those walls will probably fall
MJR_: yeah 300k is not really a big wall nowadays
MJR_: was more interested in psychological barrier of big round number
gribble: There are currently 330.97408 bitcoins offered at or under 79.84 USD, worth 26409.0538315 USD in total. | Data vintage: 5.6651 seconds
gribble: There are currently 3807.7847 bitcoins offered at or under 80.0 USD, worth 304429.083077 USD in total. | Data vintage: 12.9988 seconds
Bugpowder: hmmm... did MPOE bots pricing model get tweaked?
Bugpowder: I wonder if mircea_popescu changed the pricing from 24vwap based to a blend of 24hr and spot
Bugpowder: maybe I was just underestimating the amount of time premium
Bugpowder: ah... volatility is explicitly programmed in
assbot: [HAVELOCK] [VTX] 5 @ 0.7444 = 3.722 BTC [+]
Bugpowder: I mean, volatility is in the model, and is a reflection of some relatively short term variance, rather than a long term (1yr) variance or a magic number.
assbot: [HAVELOCK] [VTX] 8 @ 0.7445 = 5.956 BTC [+]
mircea_popescu: it looks at a lot of data. long term, mid term, short term
mircea_popescu: of course it'd change its estimation of the volatility
Bugpowder: looks like we may break thru 80 before 15:00.
kakobrekla: mircea_popescu Jansa is butthurt and posting shit around - we are way better than Italy if that is any consolation
Bugpowder: we aren't gonna touch 100 this week
gribble: Error: "hashrate" is not a valid command.
gribble: There are currently 28670.471 bitcoins offered at or under 100.0 USD, worth 2585939.459 USD in total. | Data vintage: 0.0028 seconds
Chaang-Noi: we have seen market orders of over 1 million recently
Chaang-Noi: lucif however has been wrong way more than right
interesting: yeah definitely not saying we will... just... i think the sentiment is that we will very soon
interesting: does anyone have any info on the coinlab mtgox merger? any wealth flowing through it yet?
mircea_popescu: interesting actually... they blew their date, failed to release alpha and no further news
assbot: [MPEX] [S.MPOE] 6450 @ 0.00063865 = 4.1193 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.108897 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 3 @ 0.108898 = 0.3267 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 21 @ 0.10899 = 2.2888 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 4 @ 0.10899 = 0.436 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1 BTC [-]
gribble: There are currently 36681645 bitcoins demanded at or over 0.0 USD, worth 9119639.08052 USD in total. | Data vintage: 6.2884 seconds
KRS1: there was talk of a crash a while back but that topic seemed to have fizzled
KRS1: crash but rebound of course, cyclic as markets are
KRS1: maybe crash is a strong word...dip?
Bugpowder: 5000 accounts waiting for verification.
Bugpowder: assume conservatively a mean investment of $2000 per account
Bugpowder: = $10,000,000 of new funds flowing into gox soon.
Bugpowder: it will probably take a negative news event to trigger a real crash.
KRS1: figured..as i've noticed you seem to give pretty reasonable information
deadweasel: i would say $500 is reasonable for motivated newbs. but it would be a bell curve of deposits
Bugpowder: mircea_popescu: I'm guessing median is $1000 for joe reddit, but mean could skew significantly higher
deadweasel: mom is still paying their insurance...
mircea_popescu: if joe reddit meets drop dead gorgeous sexbomb he doesn't move
Bugpowder: Some 17 year old kid keeps buying $1000 in coins off me with cash every week
Bugpowder: I don't know if he is dealing the coins at school or what
Bugpowder: seems to be very excited about the rise in price.
deadweasel: where does a 17 yr old get $1k a week?
Bugpowder: reselling coins is probably more profitable and much less risk
Bugpowder: plus the coins appreciate between the time I sell to him and he sells.
MJR_: nice boiler room reference, did you like it?
assbot: [MPEX] [S.MPOE] 1250 @ 0.00063515 = 0.7939 BTC [-]
deadweasel: Bugpowder: I can see that. At the increase in price, it would be profitable for the last couple of months.
KRS1: off yo corner not mines
deadweasel: i'd rather just hold. you can sling BTC on my corner KRS1
gribble: BTCUSD ticker | Best bid: 78.62001, Best ask: 78.70000, Bid-ask spread: 0.07999, Last trade: 78.70000, 24 hour volume: 76425.55033919, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 75.99540
Chaang-Noi: about the bad news and the crash, im shocked the fork did not do any damage but stall the bulls for a few days, insane... we would need massive bad news to do anything
Chaang-Noi: also dont you need a min of 1000 to ahve to get your account aproved?
Chaang-Noi: really? i have or had an anon account on gox
deadweasel: Chaang-Noi: I was exceedingly surprised by the fork not causing a lengthy crash
KRS1: crack is cheaper than whole units of BTC these days
Chaang-Noi: deadweasel yeah, that is when i knew we were going to double
Chaang-Noi: my trading bot account was never veriffied
Chaang-Noi: iv not used it in a year so things might have changed, i dont know
assbot: [BTCTC] [COGNITIVE] 7 @ 0.1429 = 1.0003 BTC [-]
Chaang-Noi: also every site i use to get the btc price is down for me...
deadweasel: Chaang-Noi: gox would just lag when you really needed it anyhow, better that you don't use it
Chaang-Noi: iv not used gox since they froce my account
Chaang-Noi: the only coin i have left in gox is my 700 btc from bitcoinica they wont let go
MJR_: will they ever release it
Chaang-Noi: gox is being silent right now about it, but before too long they will get sued
mircea_popescu: could have done without all the bs libertardism, but anyway
Chaang-Noi: i think they are waiting for the case to end in cali first
unbalanced__: If community starts to watch that, maybe people would feel freer to trade more off-Gox
gribble: Error: I tried to send you an empty message.
gribble: Error: I tried to send you an empty message.
gribble: BTCUSD ticker | Best bid: 79.09000, Best ask: 79.09899, Bid-ask spread: 0.00899, Last trade: 79.09899, 24 hour volume: 76184.89958681, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.01784
Bugpowder: mircea_popescu: the mpoe bot seems to not have offers up much more of the time now than a few weeks ago. Is this DDOS related, funding related, other?
KRS1: couldnt one transfer their btc between markets for big profits
MJR_: KRS1: but what to do with the cash
KRS1: the cash out would give lower btc overall wouldnt it
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10898 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10899 BTC [+]
Chaang-Noi: kako to get money into btc-e you need to be tight with the russian maffia
MJR_: the main issue is funding options and time
Chaang-Noi: also bitstamp is the easiest way to get in money fastest
Chaang-Noi: and its also keeping ltc prices down, people buyiong chewap btc
unbalanced__: virtex now at 82.50/84.20 (CAD)... Canada in the lead
MJR_: they are the easiest in my opinion
MJR_: still quite a nice wall going on mt gox
MJR_: half a mill before 80
gribble: There are currently 5417.4674 bitcoins offered at or under 80.0 USD, worth 431701.695968 USD in total. | Data vintage: 30.3969 seconds
MJR_: exaggerated...its like 430k
mircea_popescu: Bugpowder actually, seems btchcarts has issues with the feed.
assbot: [BTCTC] [B.YABMC] 1 @ 0.01401 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.01451 BTC [+]
Bugpowder: that 12000 BTC wall bastard is back
assbot: [HAVELOCK] [SDICE] 4 @ 0.4600001 = 1.84 BTC [+]
assbot: [HAVELOCK] [SDICE] 26 @ 0.46 = 11.96 BTC [-]
gribble: BTCUSD ticker | Best bid: 75.34000, Best ask: 77.00000, Bid-ask spread: 1.66000, Last trade: 75.34000, 24 hour volume: 67052.57610028, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.21349
gribble: There are currently 18683.032 bitcoins offered at or under 80.0 USD, worth 1474040.53264 USD in total. | Data vintage: 19.2638 seconds
smickles: 10:24 <+gribble> New rating | Supa > -10 > smickles | None
MJR_: fucking four minutes lag
ZedsterX: Chaang-Noi: what do you mean it's fake? total newb here
assbot: [HAVELOCK] [HIM] 2 @ 1.75 = 3.5 BTC [+]
Bugpowder: there is no such thing as a fake wall
Bugpowder: how many times do we have to go over this
Bugpowder: It is a wall designed to push prices down thouh
deadweasel: the wall is real, the intention just isn't what you think ZedsterX
Bugpowder: earlier today when it was put up, it was at 80.0001
Bugpowder: If he really wanted to sell, he would try to undercut the asks at 80, instead posting just above it
Bugpowder: Just someone trying to mainpulate the market, perhaps doing some day trading, scooping up at 75.5 on the dip, then reselling higher when he removes the wall
Bugpowder: the risk for him is that someone might just have the capital to buy the whole thing in one shot.
Bugpowder: not that selling 12000 BTC at 77.5 would be considered a bad outcome for most people :-P
Bugpowder: looks like the value is really tanking
ZedsterX: thanks for the clarification....i am just now reading day Trading for Dummies so I am currently a Dummies but learning
Bugpowder: 30dvwap is 48000 for xrp, but 1day is 71000
MJR_: yeah, the fact he is manipulating i think means the price is being held lower
Bugpowder: ZedsterX: of course we don't really know what is in the mind of that trader, but that's what it appears to be.
Bugpowder: This is typically a very active time of day though, that wall is really temping someone I bet...
ZedsterX: no need to elaborate just yet....lemme learn a bit more
MJR_: i bet he cancels once someone really starts to eat into it
MJR_: let loose the dogs of war
Bugpowder: yah, but you can't cancel it in time if someone eats it all in one go.
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1088 BTC [-]
Bugpowder: time for lunch.... hopefully we will be >80 when I get back.
unbalanced__: Okay with The Wall and The Dogs Of War, time to turn on the Pink Floyd
gribble: There are currently 36671413 bitcoins demanded at or over 0.0 USD, worth 9038379.57806 USD in total. | Data vintage: 0.0189 seconds
mircea_popescu: why can't it just be some dude who wants to sell at that price.
jborkl: mp, can you process my deposit. thanks
Diablo-D3: mircea_popescu: because people love a story
Chaang-Noi: well, if that get shut down not exactly good for btc
mircea_popescu: so this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months
Diablo-D3: Ive been saying its a honeypot since the day 1
mircea_popescu: Once the server is seized, it can either be taken offline and analyzed for evidence right then and there, or left online and modified to better accrue evidence. In the case of SR, leaving the server online and modifying the purchase mechanism to not encrypt addresses on the server would be the obvious choice. Law enforcement would immediately have access to all addresses, private messages, etc.
Doffx: Lot of assumptions there.
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10899 BTC [+]
Doffx: It assumes law enforcement also noticed this.
MJR_: or they could just be in a jurisdiction that gives two shits
MJR_: think new zealand could be good enough
MJR_: mircea_popescu: not exactly "manipulating" but anyone who puts an order that large out there is probably not trying to just sell or buy, they would layer it and break it up so that it wasn't obviuos
assbot: [BTCTC] [S.MPOE-PT] 269 @ 0.000711 = 0.1913 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 131 @ 0.000711 = 0.0931 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 60 @ 0.000712 = 0.0427 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 680 @ 0.000713 = 0.4848 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 1820 @ 0.000713 = 1.2977 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 9 @ 0.10899 = 0.9809 BTC [+]
assbot: [BTCTC] [COGNITIVE] 1 @ 0.144 BTC [+]
smickles: < mircea_popescu> so this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months <<< probably since that initial address change
smickles: i did a few times, but there wasn't ever anything worth buying
smickles: there wasn't that much volume recently, so taken down
mpexbot: smickles: ^OIX 1 day: no data 7 day: average: 71.99677481 high: 78.31645607 low: 48.45538965 volume: 50180 btc: 4750.25972448 30 day: no data
assbot: Hell, ain't we about more fucked than a whore at closin' time, huh?
gribble: BTCUSD ticker | Best bid: 78.00000, Best ask: 78.40000, Bid-ask spread: 0.40000, Last trade: 78.00000, 24 hour volume: 68609.09897307, 24 hour low: 71.89779, 24 hour high: 79.72001, 24 hour vwap: 76.15356
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74998 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 14 @ 0.00499 = 0.0699 BTC [+]
Chaang-Noi: i see one share trade and im like wtf... then i remember that share is $50
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.1304 BTC [-]
KRS1: diablo are you expecting it to go up or something
KRS1: this is looking plateau-ish, isnt it?
KRS1: just curious, im no expert or anything
mircea_popescu: <smickles> i did a few times, but there wasn't ever anything worth buying <<< i kept saying it's irrelevant but NO!!! DRUGS!!! SR BIGGER THAN MPEx!!!1
Diablo-D3: KRS1: Im expecting it to go up, actually
KRS1: that would be nice...im trying to buy more, but on a dip at some point
smickles: mircea_popescu: remember when sr was down for 2 weeks, and it had no impact on bitcoin?
MJR_: quick question, and don't laugh
MJR_: does coinbase have trouble when you SELL bitcoins on their site?
MJR_: or is it pretty much only on the buy side
deadweasel: smickles: was that when they got sql attacked or wahtever?
deadweasel: I used to think SR impact was large, I'd like to go look at the data for that period.
smickles: deadweasel: I don't think so. I believe they were idiopathicly offline
smickles: and you probably used the think it was large because the media and all the people who didn't thake the time to research the topic kept saying it was 3/4 of the bitcoin economy
smickles: mircea_popescu's blog has an article written at the time, which documents the date
deadweasel: smickles: i think that's why I thought so too. i have some reditard in me, that much is obvious.
smickles: mircea_popescu: what media? news publications and blogs
deadweasel: I would like to find out how many SR users become bitcoin adopters. or if most of them just OD.
smickles: the news people were especially on about the relative size of sr when that senator was bitching about bitcoin
smickles: well, i don't think too many drug users od...
KRS1: od figures are very low considering the number of users..dont ask me how i know guess i came across stats on that one day
smickles: especially since most drug users are either smokers or drinkers. but if we set that aside, most drug users are probably using pot, which takes thousands of pounds to od in
deadweasel: ok, the more important part is how many of the SR users turn to BTC as a whole, whether it be speculation, assets, whatever.
deadweasel: or do you think most pick up some BTC, get their stash, and do it again in a few weeks.... never realizing the power of BTC
smickles: I'd bet it's a foot in the door. they may not start using BTC regularly right away, but it's psycologically addictive
smickles: like all the peeps who heard about bitcoin on 'Security Now' and ran a client for fun
assbot: [BTCTC] [S.DICE-PT] 11 @ 0.00499 = 0.0549 BTC [+]
smickles: then some months later btc was up to 30, and they took interest
assbot: [MPEX] [S.MPOE] 800 @ 0.0006361 = 0.5089 BTC [+]
assbot: [MPEX] [S.MPOE] 2850 @ 0.00064816 = 1.8473 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.465 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.07264594 BTC [+]
assbot: [MPEX] [O.BTCUSD.C730T] 1 @ 0.08527257 BTC [+]
assbot: [MPEX] [S.DICE] 800 @ 0.00425029 = 3.4002 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.46 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.73925 = 2.2178 BTC [-]
Bugpowder: "MPEx just sponsored hosting for bitcoinity. Definitely check it out!"
assbot: [BTCTC] [PAJKA.BOND] 2 @ 0.10899 = 0.218 BTC [+]
smickles: really? Bugpowder: was that one of those popup messages?
smickles: ooooh, mircea_popescu you sly dog
jurov: lol seems coinbr.live needs dark skin too nao
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10898 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.09 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.34999 BTC [+]
assbot: [BTCTC] [GSDPT] 10 @ 0.004587 = 0.0459 BTC [+]
assbot: [BTCTC] [GSDPT] 10 @ 0.00459 = 0.0459 BTC [+]
assbot: [BTCTC] [GSDPT] 1 @ 0.00459 BTC [+]
mircea_popescu: actually i would say jurov;s truck looks even better in dark faq
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74998 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74999 BTC [+]
cylta: thestrin1puller: why?
deadweasel: also, if you get romanian nymphos, use protection :)
gribble: BTCUSD ticker | Best bid: 78.01004, Best ask: 78.50001, Bid-ask spread: 0.48997, Last trade: 78.50001, 24 hour volume: 59775.07560411, 24 hour low: 72.60000, 24 hour high: 79.72001, 24 hour vwap: 76.48701
mircea_popescu: ;;everify freenode:#bitcoin-otc:5d85a0d3d71fae1ea046dbcce6669c5252d0c741731614e7736ad361
gribble: You are now authenticated for user mircea_popescu with key 8A736F0E2FB7B452
gribble: Rating entry successful. Your rating of 1 for user comboy has been recorded.
cylta: mircea_popescu: do you still sell accounts for 30 btc? =)
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1 BTC [+]
mircea_popescu: happily the exchange rate is doing the work for me so i don't have to raise it.
KRS1: I'm a noob at this stuff, even after working with and mining BTC for almost 2 yrs now, can someone answer a question about OTC for me?
cylta: KRS1: sure, just ask it
cylta: mircea_popescu: what is the total value of all asstes on mpex?
gribble: There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in total. | Data vintage: 0.0014 seconds
cylta: Bugpowder: mtgox x5 7.3039 @ 78.92499262 USD
KRS1: ok sorry bout that..so I 4000 btc for sale at 77.756 each on otc..I can buy from this guy at a discount (compared to current M.P.)?
KRS1: why would he want to sell at that price?
cylta: KRS1: he will not able to sell all amount because of low liquidity on market
gribble: There are currently 8953.862 bitcoins demanded at or over 75.0 USD, worth 678866.343559 USD in total. | Data vintage: 58.5529 seconds
Bugpowder: cylta: feel free to use my fingerprint for a 5BTC discount on the signup fee :)
cylta: KRS1: so, it's profitable for him to sell just a bit below, because it will be more than he will get if he will sell at market price... market price is limited to 10 btc aprx.
assbot: [HAVELOCK] [SDICE] 3 @ 0.46 = 1.38 BTC [-]
KRS1: oh i see..buys are a bit low in demand so he's trying to discount them to get rid of em at a good price without bringing market price down
cylta: Bugpowder: hehe =) I don't think that I will ever be so self confident, that I will able to make more than 2.3k$ on trading.
cylta: KRS1: but buying such amount now... it's very risky.
jborkl: you won a seat on the MPEX echange , which has inherent value
KRS1: funny biz ya'll are in.
assbot: [HAVELOCK] [SDICE] 5 @ 0.4531 = 2.2655 BTC [-]
KRS1: love what you are doing here mp
cylta: jborkl: as I know, you can't sell it
cylta: jborkl: I mean whole account, so it does not cost it any more
assbot: [MPEX] [S.DICE] 1000 @ 0.00449999 = 4.5 BTC [+]
jborkl: mp goes by key , not by name
Bugpowder_: I must say, buying a seat on MPEX was the second best decision I made in bitcoinlyfe
cylta: Bugpowder_: did you earn enough to pay back for it price?
jborkl: He owns a seat on the exchange, which has appreciated in value
assbot: [HAVELOCK] [SDICE] 1 @ 0.453 BTC [-]
cylta: Bugpowder_: what are you doing? just buying low selling high?
gribble: BTCUSD ticker | Best bid: 77.49000, Best ask: 77.80434, Bid-ask spread: 0.31434, Last trade: 77.80434, 24 hour volume: 60634.32567194, 24 hour low: 72.60000, 24 hour high: 79.72001, 24 hour vwap: 76.51197
cylta: Bugpowder_: selling or buying?
Bugpowder_: futures, diff futures, the CDO offering, the S.BBET IPO
cylta: Bugpowder_: okay, does it mean that other people at mpex loose 200btc?
Bugpowder_: Not necessarily. If the value of a security goes up, then everyone wins
assbot: [MPEX] [S.DICE] 1000 @ 0.00449999 = 4.5 BTC [+]
Bugpowder_: but MPOE has averaged 12% return on equity per month
cylta: Bugpowder_: okay. probably i'm just too stupid to understand all this things...
Bugpowder_: All in, the MPEX account fee is probably <1% of total personal profits so far.
smickles: drat. my daughter found out how to have the printer give a test page
KRS1: I bet its safe to say bugpowder has lost a coin or two as he was learning..
smickles: i suspect Bugpowder_ is ahead overall
KRS1: which is easy with options?
jurov: cylta, there's also coinbr.com, almost as good as having mpex acct directly
Bugpowder_: But in the S.BBET IPO, I flipped about 200BTC into 400BTC in about 20 minutes.
smickles: i'll vouch for coinbr, it's a good service
Bugpowder_: cylta, if you have <500BTC to invest, I'd stick to coiner.
cylta: jurov: thanks, I already was there but they offering limited usability afaik
smickles: coiner, lol. that sounds like a bad word
jurov: yea but wwe can do anything that doesn't have the interface there manually on request
smickles: mircea_popescu, you're just one of those *coiners*. go back in your hole
KRS1: bugpowder- thanks sounds like sound advic
jurov: cylta, or is the prob somewhere else?
assbot: [HAVELOCK] [VTX] 7 @ 0.73924998 = 5.1747 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.453 BTC [-]
taub: what does an exchange seat do Bugpowder_
Bugpowder_: I should get paid for this PR job I'm doing here.
jurov: Bugpowder_: you can. just get a coinbr affiliate link :)
taub: option depth is really non existant
taub: prolly should read that book on options
taub: but sounds interesting
smickles: what is with mpoebot recently, i've been noticing more time when it's not offering
taub: mpex really could use a facelift
taub: doesnt really work on prmoting itself either!
smickles: taub: consider that that website is not mpex
jurov: that's as much facelift as we'll ever get
taub: black as my soul :)
smickles: mpex is the exchange, it's not like the nyse tradefloor has a web portal
jborkl: MPEX could not be easier to use, once you learn how to use it
jurov: but i guess, if someone creates nifty css for it, i can serve it on mpex.coinbr.com
Bugpowder_: I liked the coffee theme with the rounded edges.
Bugpowder_: taub, mpoe bot has been flaky the last few days
Bugpowder_: if you wait around for 15 minutes, bid and asks will probably show up
jurov: overloaded by the volatility, its model converges slowly?
Bugpowder_: maybe? frankly I'm surprised its not out of captial
jurov: or the slave girls can't keep up :)
smickles: well, it's capital is mpbor + mircea's wallet
smickles: yeah, he's 'lender of last resort'
jurov: it didn't happen so often recently, but he's still there
smickles: well buy my offerings if mpoebot isn't there
jurov: anyway seems it arrived
smickles: got my new laptop-bought-with-bitcoins
Bugpowder_: I'm still waiting on a shipment for over 2 weeks from bitcoinstore.com
assbot: [MPEX] [O.BTCUSD.C310T] 2 @ 0.60574691 = 1.2115 BTC [+]
jurov: ^ selling a bit of my stash every day
taub: whose bot is it that puts up the options? :D
smickles: soebot is much smaller than mpoebot
deadweasel: Bugpowder_: you got that affiliate link/ invitation code for CoinBr?
deadweasel: I want to check it out, and I want you to get paid for all your PR.
jurov: heh. no other user around?
jurov: ... and fund it. no refcode access without funding :D
jurov: or maybe i can give you special evangelist account?
deadweasel: special account that charges more fees :)
deadweasel: jurov, how many users you have on coinbr nowadays?
jurov: but can't he earn more than 1BTC/year, srsly?
taub: what does the T and N mean at the end of the option names?
jurov: T expire this month , N next
taub: ok, but you can exercise them anytime right
jurov: yes. just usually its' better to sell to mpoebot than exercise
taub: yea 24h price seems to make it hard to use for short term speculation
jurov: smickles what? u wanna beer?
gribble: User 'smickles', with keyid EA62D7CEB2450C3F, fingerprint 96ACCA7C3B09EC61B0A6D7F9EA62D7CEB2450C3F, and bitcoin address 12NjnZTVeTJ3g5C7BqfS2aQ2rLkmwiqVz6, registered on Mon Jun 20 12:24:35 2011.
http://bitcoin-otc.com/viewgpg.php?nick=smickles . Currently not authenticated.
Bugpowder__: Anyone interested in a Vegas meetup at some point?
smickles: I am if I can get away for a weekend
Bugpowder__: I was thinking of getting a suite at the Aria with some friends that I got into bitcoin
jurov: anyone else wants a beer?
Bugpowder__: send beer here : 15P1P2XXtB3ANXzKM9a3WsAYwWBQMQS8S8
deadweasel: send single malt here: 1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5
benkay: makers here: 1PKN13yoE1djfh7c4frx5kjiUhTRABkCxZ
deadweasel: Bugpowder__: got that evangelist account link yet?
taub: 1CbcoatRNRj3tGY9G6nXqf143o8Vzd4rmA cheers
jurov: he did not ask. but got a beer instead
jurov: cheers! round closed.
deadweasel: Bugpowder__: np, thanks! just msg me when you get it, i'l use it when I get home.
jurov: basically the bet was a hedge to back iDiff-O offering
jurov: but things went lucky so that diff law low when iDiff expired and jumped up before the bet resolved
jurov: btw, your depiosit was credited
assbot: [HAVELOCK] [VTX] 1 @ 0.7381 BTC [-]
kakobrekla: was it credited with the beer money? :)
jurov: mp should prolly replace NAT.ROUTERS with S.BEER
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.34999 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74998 BTC [-]
deadweasel: jurov: just funded my account. nice I like the logo!
jurov: but it's also warning, don't heed the calls of the sirens :)
deadweasel: strap me to the mast with rope, plug your ears with seaweed, and ROW ON!
MJR_: i had all my friends stuff wax in their ears, but i just tied myself to the mast
MJR_: high five for odyssey references
assbot: [MPEX] [S.MPOE] 7431 @ 0.00063815 = 4.7421 BTC [-]
deadweasel: To all passthrough operators: Have your largest gains come from IPO offerings?
assbot: [MPEX] [S.MPOE] 6419 @ 0.00063815 = 4.0963 BTC [-]
assbot: [MPEX] [S.MPOE] 15184 @ 0.00064816 = 9.8417 BTC [+]
mircea_popescu: <jborkl> MPEX could not be easier to use, once you learn how to use it <<< this.
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10895 BTC [+]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.009989 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.07287477 BTC [+]
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.07282198 BTC [-]
deadweasel: dub... i just know how to enjoy it, not spell it.
assbot: [BTCTC] [ASICMINER-PT] 27 @ 0.74001 = 19.9803 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.09 BTC [-]
Bugpowder__: nobody taking me up on the asicminer offer
deadweasel: also isn't AM rather over-valued now that they are paying themselves?
dub: deadweasel: yeah pretty good stuff, I've got one of the oaked expression s
jcpham: what is the asicminer offer
deadweasel: i had that last, good stuff. but then I had the 12, and remembered why it's more.
Bugpowder__: "WARNING: This OP's account was well known and active on the Something Awful forums, in the anti-bitcoin threads in both GBS and YOSPOS (the username was changed recently). Everything /u/PaidGovernmentShill is saying should be treated with extreme skepticism until ample proof is given."
deadweasel: jcpham: offer to lend Bugpowder__ your AM shares, he pays you 1.05x divs
dub: deadweasel: not sure
mircea_popescu: don't tell me somethingbawful is stupid enough to imagine
assbot: [MPEX] [O.BTCUSD.P750T] 8 @ 0.05118997 = 0.4095 BTC [-]
deadweasel: time to leave work. adios y'all! keep makin' money!
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.07284474 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 7 @ 0.05055601 = 0.3539 BTC [-]
assbot: [MPEX] [O.BTCUSD.C750T] 1 @ 0.07324674 BTC [+]
assbot: [MPEX] [O.BTCUSD.P750T] 7 @ 0.05005851 = 0.3504 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.744 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.743 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.742 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.741 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.73801 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.738 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7191 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.695 = 1.39 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.6502 = 13.004 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.6501 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.6501 = 1.9503 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.65 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.61002 = 1.8301 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.6 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 19 @ 0.6 = 11.4 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.59998 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.7056 = 1.4112 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.7 = 2.1 BTC [-]
Bugpowder__: so much for borrowing asicminer and selling for .85
dub: yo, anyone want to borrow some asicminer?
KRS1: bugpowder: do you have a link to your asicminer offer?
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.69999 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7 BTC [+]
KRS1: borrow some asicminer?
toffoo: Bugpowder__: I've been thinking about replying to your offer
toffoo: i guess there's still some bids on bitfunder,
toffoo: but with all the manual movements, pt creatations, etc. you probably won't be able to do anything too fast
KRS1: i don't know enough about this, im still trying to structure my investment
Bugpowder__: I'd rather just deal with existing PT funds
toffoo: right, i'd have to create them, i got the real things
gribble: BTCUSD ticker | Best bid: 77.39000, Best ask: 77.44000, Bid-ask spread: 0.05000, Last trade: 77.39000, 24 hour volume: 58618.02997539, 24 hour low: 73.11000, 24 hour high: 79.72001, 24 hour vwap: 76.81664
ThickAsThieves: I leave you guys for a few hours and you can't even get the price to 80? cmon
gribble: Current Blocks: 228159 | Current Difficulty: 6695826.282596251 | Next Difficulty At Block: 229823 | Next Difficulty In: 1664 blocks | Next Difficulty In About: 1 week, 3 days, 8 hours, 2 minutes, and 58 seconds | Next Difficulty Estimate: 6975914.74409 | Estimated Percent Change: 4.18303
dub: buttfunder is even harder than btct
assbot: [MPEX] [S.MPOE] 1000 @ 0.00063516 = 0.6352 BTC [-]
assbot: [MPEX] [S.MPOE] 7200 @ 0.00062873 = 4.5269 BTC [-]
dub: you need a weex account, tickle ukyo's balls, expose yourself to serial scamee DT
Ukto: dub: how is bitfunder hard?
Ukto: and wha serial scams are you refering to ?
dub: don't you need an acct on weex to use bf?
Ukto: correct. what about that is "hard"? unless clicking some buttons is "difficult"
dub: well its an extra account to have for no appreciable reason
Ukto: there are many reasons
Ukto: ranging from security and so on
mircea_popescu: Ukto what's your take on the entire fincen thing btw ?
Ukto: mircea_popescu: its great news.
Ukto: weex is not in the us
dub: also you have to trust some guy with an anime avatar.. sheesh
Ukto: dub: evil world dominating anime avatar
Lyspooner: mircea_popescu have you said anything about fincen yet?
Ukto: fincen has shown it will not make an enemy of bitcoin and specified how to do it legal
mircea_popescu: Lyspooner yes. i have said "here is fincen saying what I said back in october and all the reddit "lawyers" laughed at"
Ukto: well, they require licensing if your a us based exchange.
Ukto: thats really about it
Ukto: they tried to touch on directly selling ecurrenc for $$ (local/direct trades)
Ukto: but they cant really enforce it.
Ukto: i think it was put in there to make someone shut up
Ukto: who was bothering them
MJR_: fuck that was a boring day
Ukto: its like how copying vhs's was illegal
benkay: and let's be real here for a half damn second if you want to play in this space in the us it means licensing
benkay: anyone who says otherwise and tries to operate out of the us will likely get their face stomped in
benkay: you'll note that most people in the space are operating from *outside* the us
benkay: there are some idiots here who are doing things to some degree or another
benkay: but nobody playing in the big bad scawwy assets space
benkay: herr popescu aside but see above
gribble: BTCUSD ticker | Best bid: 77.77125, Best ask: 77.98000, Bid-ask spread: 0.20875, Last trade: 77.98000, 24 hour volume: 60339.76121126, 24 hour low: 73.11000, 24 hour high: 79.72001, 24 hour vwap: 76.84286
_Cristian: you mentioned him earlier and I was curious to find out more
Bugpowder__: Ukto, so if I buy puts on ASICMINER on bitfunder. When I execute the puts, do I get the difference between the last price and the strike price or what?
benkay: bugpowder it's a 24hr vwap
gribble: BTCUSD ticker | Best bid: 78.12474, Best ask: 78.20340, Bid-ask spread: 0.07866, Last trade: 78.12474, 24 hour volume: 60030.23352097, 24 hour low: 73.11000, 24 hour high: 79.72001, 24 hour vwap: 76.85850
benkay: _Cristian you have to make that call on your own
mircea_popescu: "A cat can survive fall from height of hundreds of Cheap Ray Bans Glasses feet."
benkay: did you read about the guy running loads of free porn sites to drive up pageviews on his health sites for impressionfraud?
benkay: itty bitty little iframes all over the porn sites
Ukto: Bugpowder__: sorry in depth programming atm
benkay: programmed to make 1 visitor to the porn site look like 1 visitor exploring the other sites
Ukto: Bugpowder__: if you execute a put, you get (amount) * (strike price[aka trade price])
Ukto: depending on if its a call or a put
Bowjob: i got richer while i slept
Bowjob: i know, i should be sleeping normally at this hour
Bowjob: UPS charged me an exorbitant fee for my headphones, grr
Bowjob: not much like you guys, only have a few btc
Bowjob: but that $21.00 brokerage stung. wtf
assbot: [MPEX] [O.BTCUSD.C750T] 2 @ 0.07590368 = 0.1518 BTC [+]
benkay: whatchoo talkin about bowjob?
benkay: broker fees on coinbr?
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.699 = 2.097 BTC [-]
Bowjob: nah, UPS.. I got something shipped
Bowjob: If it was USPS there wouldnt be brokerage
benkay: what do you mean by brokerage?
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.7 = 4.2 BTC [+]
dub: possibly customs brokerage though
dub: theres an insidious form of idiot tax I've encountered where customs try to push you through a brokerage to pay sales tax
gribble: There are currently 11005.086 bitcoins demanded at or over 75.0 USD, worth 834370.275355 USD in total. | Data vintage: 15.6584 seconds
dub: as are european ones
benkay: us market topped in july
benkay: btc bubble popped in oct
dub: not sure that was related to any market
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7 = 1.4 BTC [+]
dub: other than the one that got hacked, had all its coins sold off and destroyed confidence in btc in generall
jurov: everyone waits for govt to verify them
jurov: it's drive by eu atm
benkay: listen to the orthodoxy
jurov: so this rally last 2 weeks is caused by usd doing something?
jurov: there should have been a peak in also 2009 then, no?
assbot: [BTCTC] [ASICMINER-PT] 100 @ 0.65 = 65 BTC [-]
jurov: so you are shorting, right?
Bugpowder__: looks like you are having trouble predicting the past
jurov: now why do you think that is?
jborkl: so by your terms, bitcoin will stop going up when the fed stops printing money, which will be never
jborkl: both US stocks and BTC will top out roughly the same time
jurov: and where else will the money go to, then?
jborkl: that is what you said, which is patently wrong
jurov: the herd will start buying usg bonds? puhleaze
jborkl: 800 million market cap for bitcoins, in the world economy is exactly shit
jborkl: network hash rate is more important and adoption
jurov: what fundamentals it did have?
jborkl: Friday is coming up- worried about your options?
Lyspooner: how many of the 60,000 75puts did mircea_popescu buy?
jurov: certainly did not have an adoption in 2011
jborkl: dollar liquidity is a oxymoron
jurov: how can dollar liquidity tighten i current situation, i ask again?
jurov: and 2012 was adoption by scammers, real business adoption started only in recent months
jborkl: pointless argument, deflactionary currency compared to static supply
jurov: but how will credit contract? all these bad mortgages will magically get repaid?
jurov: or bernanke will burn heaps of usd bannotes?
jborkl: add more 0'z to world debt
assbot: [BTCTC] [ASICMINER-PT] 7 @ 0.7 = 4.9 BTC [+]
jurov: ELI5 what is the credit contraction you're esposuing
Diablo-D3: no one cares about the dollar anymore
Diablo-D3: he does NOT report to the treasury
Diablo-D3: the federal reserve is NOT part of the treasury
Diablo-D3: [05:48:50] <tiberiusiv> bernanke can only create dollars as long as the treasury market lets him.
TheSeven: this channel is tripping my spam protection bot's flooding threshold :P
Diablo-D3: [05:48:50] <tiberiusiv> bernanke can only create dollars as long as the treasury market lets him.
jurov: "Credit contractions are attempts to minimize or limit the amount of credit that is currently available to consumers." <<< but it's NOT possible anymore
Diablo-D3: the federal reserve does not issue bonds, so I dont understand what you're getting at
jborkl: they can't stop , or the bond traders don't get paid $20 mil for the year
jborkl: so, they don't give a shit
Diablo-D3: bernake reports to the 5 largest banks in the world
Diablo-D3: (which also happen to be the 5 largest banks in the US)
Diablo-D3: tiberiusiv: no, if he doesn't do what hes told by the federal reserve board he is fired and replaced
Diablo-D3: the 5 largest banks tell him to keep printing money illegally
Diablo-D3: the federal reserve does not have authorization from the US Federal government to print money
jurov: i repeat, bernanke can't get away with not extending credit anymore
jborkl: and who exactly rates AAA credit? LOLOLOL
Diablo-D3: the two largest bond rater agencies are afraid of lowering the US credit rating
Bugpowder__: "21.19 Cyprus Finance Minister Michael Sarris has said uninsured Laika depositors could face an 80pc haircut, and might have to wait up to seven years for a payout."
ThickAsThieves: worst thing about putting someone on ignore is when no one else does
Diablo-D3: ThickAsThieves: you ignored tiberiusiv?
ThickAsThieves: when i dont understand whats going on i have to turn him back on
Diablo-D3: tiberiusiv refuses to read the constitution
gribble: Next difficulty estimate | 6940247.63172 based on data since last change | 7288653.72639 based on data for last three days
gribble: BTCUSD ticker | Best bid: 78.49000, Best ask: 78.49001, Bid-ask spread: 0.00001, Last trade: 78.49001, 24 hour volume: 61542.22530806, 24 hour low: 73.11000, 24 hour high: 79.72001, 24 hour vwap: 76.94045
Bugpowder__: the market says Treasuries are safe relative all the other shit out there
jborkl: dollar printing is highest in history
Bugpowder__: tiberiusiv: if you can get away with it, why not
Namworld: Who needs taxes when you can print money?
Bugpowder__: gov will run up the debt until market forces them not to
Bugpowder__: there is no credible alternative reserve currency
jborkl: so your argument for bitcoin is wrong - as you just stated
jborkl: can not rise, because interest rates would go up- then they can't pay the bills- already in a death spiral
jborkl: so, peoople are going to sell bitcoins to convert to $ to pay bills?
Bugpowder__: I really think that BTC is not being driven by macro liquidity right now, but speculative fever and capital flight
Diablo-D3: Bugpowder__: I believe it is liquidity
Bugpowder__: it is an implausible reserve currency, that gains a little more traction each day.
jurov: tiberiusic, so you really think ppl will start selling btc and buying US treasury bonds anytime???
Bugpowder__: anyway. Nobody cares that cyprus just said 80% haircut over 100k now?
jurov: you imply they will
jborkl: I am not concerned with price movement now, I got in - if it goes back to 30 or 40 w/e