▁▁▁⏐︎▁▁ 26635
thestringpuller: mpoe bot wins again...
thestringpuller: :D
Bowjob_: ;;ticker
Bowjob_: This selloff, man
gribble: Error: Failure to retrieve ticker. Try again later.
pizzaman1337: we were so close to 100...
thestringpuller: oh boo hoo
thestringpuller: keep crying
kakobrekla: http://bitbet.us/bet/316/bitcoin-to-trade-at-100-usd-by-the/
taub: 502 Bad Gateway
kakobrekla: easy money now
pizzaman1337: I'll just buy more
taub: :>
Namworld: mircea: yeah, but it by the time vwap change, you'd have time to adjust position
Namworld: Assuming you're watching the price
Bowjob_: All right, I've won the BTC game
assbot: [BTCTC] [B.YABMC] 1 @ 0.00876 BTC [-]
Bowjob_: Made my capital back and then some, still 100+ BTC. and then ASIC
Bowjob_: Im not worried.
Bowjob_: wew
taub: wish i wasnt so tired,m ight as well just go to back
taub: bed, and when i wake up its at 92 again
assbot: [BTCTC] [B.YABMC] 1 @ 0.00875 BTC [-]
taub: and time to short the second time
jurov: http://bitbet.us/bet/334/bitcoin-crashes-to-below-10-usd-before-sept/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc
Namworld: taub, I have something to sleep soundly
jurov: ^^ higher weight
thestringpuller: http://bitbet.us/bet/334/bitcoin-crashes-to-below-10-usd-before-sept/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc
taub: everything to 60 is just a 30% retracement
taub: nothing that unusual
taub: be worried when it breaks 50
taub: :/
mircea_popescu: Namworld depends. it can happen in one tick.
Namworld: yeah, I suppose
mircea_popescu: it's not likely obviously
mircea_popescu: but with btc... you never know.
pgp: yes... 60 is support
Guest14382: 65 is support
pgp: ;;goxlag
gribble: Error: invalid syntax (<string>, line 1)
mircea_popescu: it's funny tho, crash happened just after i finally claimed my 50mn mkt cap trophy
Cylta: mircea_popescu are you technically able to start rally/panic sell?
mircea_popescu: so i guess ty markets
mircea_popescu: Cylta what's that mean ?
error4733: ;;ticker
pgp: mp - you jumped the shark
gribble: Error: Failure to retrieve ticker. Try again later.
mircea_popescu: yeh, old news nao.
Cylta: for example can you do crash like this at any time you want?
mircea_popescu: i dunno
pgp: gribble down?
mircea_popescu: howwould i know ?
mircea_popescu: pgp prolly mtgox.
pgp: oops.... they might having a real problem right now...
jurov: Cylta, mtgox won't be crashed "technically". instead some clever folks will feed it few indigestible orders
jurov: if that isn't happening already
benkay: whaddaya mean by "indigestible orders"?
jurov: i remember mtgox engine discussed somewhere
jurov: generally it's assumed it is very inefficient
thestringpuller: $vwap s.mpoe
mpexbot: thestringpuller: S.MPOE 1 day: average: 0.00061457 high: 0.00066576 low: 0.0006 volume: 138646 btc: 85.20714111 7 day: average: 0.00066397 high: 0.00072379 low: 0.0006 volume: 1717494 btc: 1140.36576603 30 day: average: 0.00073513 high: 0.00078628 low: 0.0006 volume: 16803773 btc: 12352.973398
Bowjob_: ;;ticker
gribble: Error: Failure to retrieve ticker. Try again later.
thestringpuller: $bids s.mpoe
thestringpuller: mircea_popescu: what is command for depth
thestringpuller: oh depth
thestringpuller: $depth s.mpoe
mpexbot: thestringpuller: S.MPOE Bids: ['27400 @ 0.00064468', '9650 @ 0.00063483', '5172 @ 0.00060001', '1000 @ 0.00060001', '97155 @ 0.0006']
mpexbot: thestringpuller: Asks: ['5000 @ 0.00067292', '5000 @ 0.00068292', '1300 @ 0.00068293', '5000 @ 0.00068294', '5000 @ 0.00069537']
ThickAsThieves: gox down
mircea_popescu: lmao
error4733: srsly ?
pgp: down hard, methinks...
thestringpuller: no it's up
thestringpuller: I can still trade
thestringpuller: I don't think it's quoting to charts
ThickAsThieves: ok its up now
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 76.51340, Best ask: 78.00000, Bid-ask spread: 1.48660, Last trade: 76.51340, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
ThickAsThieves: ;;goxlag
gribble: 18.294714 seconds
ThickAsThieves: just need a reboot
pgp: there it goes
benkay: hey fam, when I send a tx with a confirmation fee, that confirmation fee does *not* come out of the amount sent to the recipient, right?
mircea_popescu: right.
thestringpuller: benkay: that is correct
ThickAsThieves: some services do
benkay: which ones, TaT?
ThickAsThieves: btc-e
ThickAsThieves: i think another
taub: do the dance
taub: its getting jiggly
jurov: can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop
jurov: so if there's many it seizes up
ThickAsThieves: lately, sometimes i see the top ask is a lower price than the next ask on clarkmoody sometimes
ThickAsThieves: sometimes sometimes
Namworld: I'm seeing a trend...
Namworld: Last time we were trying to break 75, flash crash to almost 50. Now we try to break 100, flash crash to almost 75. Now starting to go back up again...
Namworld: This... market... is...
Namworld: ...
Guest14382: come on TANK
ThickAsThieves: it's like ltc prices
Namworld: It refuses to
ThickAsThieves: follow the wave
jurov: lol we need to cool the market: http://engineering.stanford.edu/news/new-type-solar-structure-cools-buildings-full-sunlight
ThickAsThieves: neat
KRS1: namworld i noticed that too not sure wha tto make of it though
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 78.50000, Best ask: 78.58238, Bid-ask spread: 0.08238, Last trade: 78.58238, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
KRS1: could it just be a lot of volume today..i noticed on gox for instance the volume has been high today looking back at a 1 week chart
mircea_popescu: <jurov> can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop << WHAT
KRS1: yesterday had some action..
KRS1: uh that doesnt sound good lol
KRS1: sounds like we'd have some rewinding to do
assbot: [MPEX] [S.MPOE] 5000 @ 0.00064468 = 3.2234 BTC [-]
taub: Guest14382> come on TANK
taub: you're late bro
taub: im going to bed, its just gonna crawl up to 92
KRS1: thats reassuring
taub: again :>
taub: dont hold me to it
KRS1: nite
assbot: [MPEX] [S.MPOE] 300 @ 0.00066676 = 0.2 BTC [+]
Bitesaak: ;;lag
gribble: Error: "lag" is not a valid command.
Guest14382: ok maybe the puts were a bad idea
Cylta: use ,,goxlag
Guest14382: at least I only got 1000
Bitesaak: Thx
kakobrekla: ;;ticker
gribble: BTCUSD ticker | Best bid: 82.00000, Best ask: 84.62000, Bid-ask spread: 2.62000, Last trade: 84.62000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
Bitesaak: ,,use goxlag
ThickAsThieves: of course the puts were a bad idea
Bitesaak: ,,goxlag
Bitesaak: ;;goxlag
gribble: 288.72481 seconds
ThickAsThieves: oh geez
Guest14382: there could be a second wave
Guest14382: 10% chance
ThickAsThieves: indeed
Guest14382: of a second wave
Guest14382: maybe 40% chance
Guest14382: 10% chance of puts being profitable
Namworld: I hope someone is happy with his 50 BTC of worthless PUTs =/
Namworld: I know it can hurt >.>
thestringpuller: ;;bc,24hprc
gribble: Error: I tried to send you an empty message.
Cylta: where did you buy puts, people?
Namworld: MPEx
XRPTrader2: time to buy
thestringpuller: time to sell
taub: time to laugh
KRS1: time to cry
ThickAsThieves: time to laugh
Lyspooner: tough month for the bot?
Lyspooner: the mpoe bot, that is
Namworld: time to kill
Cylta: what if mp can play agaist his options, to correct price of market to not to pay too much?..
damientrog: time to go to bed, seems to be recovering
Namworld: No more buyers, Nam wants cheaper coins!
Bitesaak: ;;goxlag
gribble: 163.980752 seconds
Namworld: Seriously... MtGox...
Namworld: Go hide your shame...
Namworld: Your incompetence is naked
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 86.00000, Best ask: 88.72000, Bid-ask spread: 2.72000, Last trade: 88.72000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
Namworld: I can see too much of it.
thestringpuller: ;;goxlag
gribble: 167.450794 seconds
Namworld: lol... check the last blocks
Bowjob: 125add80f475024677b82ce00d26415c7195cb2be27e6522b161a3e64fac8081
Bowjob: How come I cant see this on the tx chain
Namworld: people rushing 10ks of BTC, probably to exchanges
Namworld: Bowjob: I'm having the same problem. I sent a transaction but I don't see it on blockchain.info
Bowjob: I feel slighlty liberated
Bowjob: I won.
Bowjob: lol
Bowjob: yeah
Bowjob: but wtf is this shit
assbot: [BTCTC] [ASICMINER-PT] 53 @ 0.75 = 39.75 BTC [+]
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.00000, Best ask: 89.50000, Bid-ask spread: 2.50000, Last trade: 89.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
assbot: [BTCTC] [ASICMINER-PT] 50 @ 0.75 = 37.5 BTC [+]
Bowjob: ;;goxlag
gribble: 305.796827 seconds
Bowjob: oh god
Namworld: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.50000, Best ask: 89.50000, Bid-ask spread: 2.00000, Last trade: 89.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.75 = 4.5 BTC [+]
Namworld: 89.5 best ask
Namworld: We're back up in a flash
thestringpuller: ;;bc,24hprc
gribble: Error: I tried to send you an empty message.
Namworld: urgh
Bowjob: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.00000, Best ask: 89.50000, Bid-ask spread: 1.50000, Last trade: 87.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
Bowjob: not bad
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.00000, Best ask: 89.50000, Bid-ask spread: 2.50000, Last trade: 87.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
Bitesaak: ;;goxlag
gribble: 408.410853 seconds
assbot: [BTCTC] [ASICMINER-PT] 61 @ 0.75 = 45.75 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.799 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 15 @ 0.7995 = 11.9925 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7997 = 1.5994 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7998 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.7999 = 2.3997 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 23 @ 0.8 = 18.4 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8 BTC [+]
KRS1: good grief
thestringpuller: gonna be good month
thestringpuller: happy april to all the lucky winners
ThickAsThieves: winners of?
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.51100, Best ask: 89.00000, Bid-ask spread: 1.48900, Last trade: 89.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
smickles: ;;bc,24hprc
gribble: Error: I tried to send you an empty message.
thestringpuller: its down
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8185 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.81885 = 2.4566 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.818899 = 2.4567 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.81999 = 8.1999 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.82897 = 8.2897 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8393 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.83945 = 2.5184 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.84 = 1.68 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 158 @ 0.84 = 132.72 BTC [+]
ThickAsThieves: well that AM bargain price was short-lived
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [+]
ThickAsThieves: lowest ask is .87 on BF
ThickAsThieves: .84 on BCTC
smickles: $vwap ^
mpexbot: smickles: ^OIX 1 day: no data 7 day: average: 86.3571781 high: 86.36645422 low: 66.22384528 volume: 100848 btc: 19472.9877722 30 day: no data
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.50000, Best ask: 88.00000, Bid-ask spread: 0.50000, Last trade: 88.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464
Lyspooner: bitcointalk forum new record set
Lyspooner: bitcointalk reddit new record set
jborkl_: for most retards in one place?
mircea_popescu: Lyspooner what records are those ?
Lyspooner: apparently it's the most retards in one place
mircea_popescu: lol
Lyspooner: most online at one time
Lyspooner: the forum record hadn't been broken since 2011
assbot: [BTCTC] [ASICMINER-PT] 32 @ 0.84 = 26.88 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.85 = 8.5 BTC [+]
Lyspooner: the reddit one is being broken every day
mircea_popescu: this is bitcoin's endless september moment.
mircea_popescu: we will rue the day.
Lyspooner: it feels like more stupid people are hearing about bitcoin all the time
Bitesaak: Compassion is in order
Lyspooner: of course
Lyspooner: but right now i see lots of "how does it work?" "it goes up"
assbot: [MPEX] [O.BTCUSD.C750T] 1000 @ 0.15872391 = 158.7239 BTC [+]
Lyspooner: "now i understand it"
smickles: mircea_popescu: 'endless march' has a nice ring to it
mircea_popescu: perfect.
mircea_popescu: quick, to the bitbillions!
assbot: [HAVELOCK] [HIM] 2 @ 1.88 = 3.76 BTC [+]
asciilifeform: mircea_popescu: ask mtgox nicely to give the secret price adjustment knob a quarter-turn up, and the idiots will go away again.
mircea_popescu: heh.
Namworld: Ah, I could finally pay out BTC-BOND and still have lots of BTC to trade.
Lyspooner: i'm jealous of all the people who can trust a new currency they never heard about without trying to understand a) how it kind of works and b) why it might be favorable to other currencies
Namworld: I'm needing BTC-BOND to have a large trading capital less and less.
jurov: endless chocolate: http://i.imgur.com/qjjlkGm.gif
asciilifeform: Lyspooner: are you also jealous of the people who happily send their life savings to Nigerian spammers? ignorance is bliss, and all that?
Lyspooner: well if they do it happily, that's great
asciilifeform: Lyspooner: "first ecstasy, then laundry."
Namworld: It's fake!
jurov: Namworld stop spoiling things!
taub: Lyspooner> bitcointalk forum new record set
Namworld: lol at the expanding chocolate
taub: plot new users, topics and posts against price
taub: interesting results
taub: ;)
Bitesaak: ;;goxlag
gribble: 0.21807 seconds
taub: it also peaked at $30
Lyspooner: taub, the last time bitcointalk set a new record, the bubble burst
taub: yep
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 86.10002, Best ask: 86.48900, Bid-ask spread: 0.38898, Last trade: 86.10002, 24 hour volume: 127589.30954445, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.39577
asciilifeform: who wants to be the first to set up a trading bot that counts irc/www BTC chumps and adjusts trading strategy accordingly?
jurov: counting memegenerator links is simpler
Bowjob: I can't find my tx on the block
Bowjob: WTF
Namworld: Me neither
Namworld: It might just not have been relayed
Namworld: I got one that's there and another that's not showing up
Bowjob: nam. what happens to it then
Bowjob: is it gone?
asciilifeform: easy & fun explanation: mtgox is front-running trades.
Namworld: idk
Namworld: either it's not relayed yet
Namworld: or otherwise I don't know why
asciilifeform: They do What They Must, Because They Can (tm)
Bowjob: i sold some to topace
ThickAsThieves: ;;goxlag
gribble: 68.10059 seconds
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 85.79006, Best ask: 85.79668, Bid-ask spread: 0.00662, Last trade: 85.79668, 24 hour volume: 127719.97605760, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.39194
asciilifeform: bigger and better evil theory: a network of colluding BTC nodes is front-running trades.
mircea_popescu: asciilifeform dude. bitcoin people don't have the intellectual wherewithal to wipe their own nose.
assbot: [MPEX] [S.MPOE] 22400 @ 0.00064468 = 14.4408 BTC [-]
mircea_popescu: the devteam doesn't know which side is up sufficiently to test its own code.
mircea_popescu: the mtgox people are apparently running a select loop
mircea_popescu: miners have yet to figure out wtf hedging is and how it works, in spite of it being explaiend on trilema, diff futures being available etc.
mircea_popescu: but if cnat raed cnat raed.
asciilifeform: mircea_popescu: most Americans can't tie their shoes. Doesn't stop the remaining ones from, well, buggering the planet raw.
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.839995 = 16.7999 BTC [-]
mircea_popescu: and you want me to believe anyone actually thinks ? get out for srsly.
mircea_popescu: we're not that lucky.
asciilifeform: mircea_popescu: if you carry on with the assumption that you are the only thinking man in BTC, you will come to no good.
mircea_popescu: i wasn't counting myself either.
Bowjob: great. electum is down
mircea_popescu: if somebody is smart enough to implement evil colluding front trading,
mircea_popescu: they'd be making about 10x that by... i dunno... making an asic run.
mircea_popescu: one that's not run by retards who apparently can't get 20kw installed in one place or whatever the fuck.
mircea_popescu: seriously, there's so much free space for white hatness that you'd have to be quite insane to bother with darkhatness.
asciilifeform: mircea_popescu: ASICs are boring because they're a straight competition of fiat bank accounts (with the possible exception of the sneak-an-SHA256-engine-on-a-commercial-die idea)
mircea_popescu: right.
mircea_popescu: we have to come to a discussion of boring, because on the straight motivation factor this makes no sense.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8778 BTC [+]
mircea_popescu: greed'd be better served by more useful applications atm.
assbot: [BTCTC] [ASICMINER-PT] 8 @ 0.8779 = 7.0232 BTC [+]
Namworld: those low calls have a breakeven point of like 2000 USD/BTC+
asciilifeform: mircea_popescu: blackhatness is fun, because you can not just make money, but phuck people
asciilifeform: mircea_popescu: esp. fun when you phuck the people who think they're unphuckable
mircea_popescu: who cares ?
asciilifeform: mircea_popescu: right now, nobody. after the fact, everybody.
mircea_popescu: i dunno.
mircea_popescu: so some idiot thinks he's the bee's knees and you show him better.
mircea_popescu: so ?
mircea_popescu: this is like people stumbling and landing on their face in public imagining "everyone saw". nope. nobody gave a shit.
jurov: all in all, watching another feeble and desperate attempt by humanity to reinvent itself.
asciilifeform: mircea_popescu: it is far more interesting when a clever fellow thinks he is all that, and you show him better.
mircea_popescu: why ?
mircea_popescu: i still don't see who'd care or why'd it matter. at all, like.
asciilifeform: mircea_popescu: BTC is your playground, too. presumably you like to win rather than lose.
mircea_popescu: i honestly don't care.
Bowjob: Do we have technically minded people here?
mircea_popescu: probably difficult to digest, but i don't. i'm strictly interested in thinking things through and implementing them correctly.
asciilifeform: mircea_popescu: one day you'll cash out your 1 MegaBTC to buy Marscoins, to fly your harem to Mars and retire there...
mircea_popescu: asciilifeform why ?
Bitesaak: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.20002, Best ask: 88.34000, Bid-ask spread: 0.13998, Last trade: 88.20002, 24 hour volume: 131782.34304095, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.35351
asciilifeform: mircea_popescu: when you push "return", 1 BTC is worth 1 Marscoin. But before the transaction goes through, 1 Marscoin will be worth 1000 BTC. Because front-runners...
mircea_popescu: why am i retiring.
asciilifeform: ok strike that. but imagine you were to actually spend a large parcel of your coin on something - anything.
mircea_popescu: kay
jurov: Bowjob, kinda.
asciilifeform: a clever fellow could observe the parcel changing hands before the price on the exchange moves
smickles: ;;bc,24hprc
gribble: 87.53
asciilifeform: and so forth
lololol: 90
asciilifeform: (replace "exchange" with the ultimate destination of MP's 1 MegaBTC.)
mircea_popescu: why do i use an exchange ?
mircea_popescu: maybe i just otc.
jurov: asciilifeform: how? whales move in and out of 1Fx.... all the time
Bowjob: Namworld
Bowjob: I got the TX working
mircea_popescu: kinda cool that mpex's addy starts with 1Fx
KRS1: otc seems a better deal
asciilifeform: jurov: the whales move unmolested now, because nobody (AFAIK) is operating a massive "BTC telescope" for the purpose of front-running.
asciilifeform: if every time you carry out a transaction God transmitted it to every BTC user simultaneously, this scenario would not apply. But this isn't how the network works.
Namworld: my transaction just ain't confirming...
mircea_popescu: Namworld start adding a fee would you.
jurov: is there an api for # of unconfirmed txs anywhere?
Namworld: I had a fee...
jurov: ironically, im certain the bitcoind on my machine knows that.. but getting the number out of it...
Namworld: Feeless transactions confirm faste >.>
Namworld: faster*
mircea_popescu: lol srsly ?!
mircea_popescu: jurov iirc blockchain had it
Namworld: 0.0001 on a large move (120 BTC)
jurov: 0.0001 is too small as i found out myself yest
Namworld: eh
Namworld: Will get confirmed eventually
Bowjob: anyone here using electrum
jurov: yea, in mere 12 hours or so
mircea_popescu: i'm using 0.001
Namworld: so like 9 cents
Namworld: Well that's a lot cheaper than PayPal
jurov: The necessary fee on your tx is well predictable, if anyone minded to analyze the unconfirmed txs statistically
jurov: um... i hear someone asking about bachelor thesis?
mircea_popescu: who cares srsly ?
mircea_popescu: the day i save on a dime is the day i pack up the harem and retire on mars.
Namworld: I wonder what's up with ZIGGAP
smickles: jurov:
smickles: $unconfirmed
mpexbot: smickles: 1255
jurov: O.o
smickles: srs
smickles: $mail
smickles: er,,
smickles: $email
mpexbot: smickles: No new messages received.
smickles: not srs
smickles: $unconfirmed
mpexbot: smickles: 1333
smickles: srs
Namworld: Yeah, my fees are based on what Armory suggests
jurov: $sandwich
Namworld: Sometimes it's 0.0001, sometimes it's 0.0005
jurov: so armory seems to account for that?
mircea_popescu: i just made it .001 and forgot about it
Namworld: I think it's mostly based on amount of inputs... but yeah, kind of
Bowjob: so its 29th
Bowjob: isnt it ian bakewell's moment of truth
Namworld: yeah...
Namworld: poor ian
Namworld: He shorted at what price?
Bowjob: 34.5
mircea_popescu: 35
mircea_popescu: lol
Namworld: Damn...
Namworld: So like 30k USD loss if he pays back
Bowjob: look at this buying power
Bowjob: amazing
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.99999, Best ask: 88.00000, Bid-ask spread: 0.00001, Last trade: 88.00000, 24 hour volume: 136246.06886715, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.41623
ThickAsThieves: ;;asks 92
gribble: There are currently 2084.7938 bitcoins offered at or under 92.0 USD, worth 188350.163298 USD in total. | Data vintage: 0.0017 seconds
ThickAsThieves: ;;asks 95
gribble: There are currently 8026.3054 bitcoins offered at or under 95.0 USD, worth 746419.333104 USD in total. | Data vintage: 7.7048 seconds
mircea_popescu: http://www.usnews.com/news/articles/2013/03/26/minor-league-baseball-team-to-debut-urinal-video-games
Bitdragon: ;;goxlag
gribble: 0.328974 seconds
Bitdragon: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.50002, Best ask: 87.78000, Bid-ask spread: 0.27998, Last trade: 87.50001, 24 hour volume: 138377.72130273, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.42466
Lyspooner: ;;asks 200
gribble: There are currently 45195.463 bitcoins offered at or under 200.0 USD, worth 5025968.47558 USD in total. | Data vintage: 0.0038 seconds
Bitdragon: You're funny mp;
assbot: [MPEX] [S.MPOE] 14455 @ 0.0006357 = 9.189 BTC [-]
benkay: quite the crash this afternoon, eh gentlemen?
benkay: </sarcasm>
benkay: retrace to seventy five and then flat back one day? two?
benkay: i should start keeping fiat on gox for these events
assbot: [MPEX] [O.BTCUSD.C750T] 308 @ 0.15862914 = 48.8578 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.38 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.37000001 = 1.11 BTC [-]
assbot: [HAVELOCK] [SDICE] 4 @ 0.37 = 1.48 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.35500001 = 0.71 BTC [-]
smickles: $unconfirmed
mpexbot: smickles: 1164
MJR_III: sup everyone
MJR_III: fun ride huh?
MJR_III: fucking gox
smickles: heh, bitcoin is good for that every once in a while, gox just makes it worse
benkay: we might have a stable currency except for gox
kakobrekla: when gox is down bitcoin is stable
kakobrekla: didnt ya know
KRS1: heh yea fun
MJR_III: so silly
MJR_III: what was the low?
MJR_III: 77?
MJR_III: also...i don't think that the charts are keeping up
Bitdragon: ;;ticker
gribble: BTCUSD ticker | Best bid: 84.63439, Best ask: 84.80000, Bid-ask spread: 0.16561, Last trade: 84.80000, 24 hour volume: 144582.26393633, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.34194
Bitdragon: ;;ticker
gribble: BTCUSD ticker | Best bid: 85.20000, Best ask: 85.39000, Bid-ask spread: 0.19000, Last trade: 84.99989, 24 hour volume: 146197.46407703, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.31167
Bitdragon: ;;ask 100
gribble: Error: "ask" is not a valid command.
KRS1: ;;asks 100
gribble: There are currently 27577.248 bitcoins offered at or under 100.0 USD, worth 2628721.38478 USD in total. | Data vintage: 0.0246 seconds
assbot: [BTCTC] [S.DICE-PT] 15 @ 0.00485 = 0.0728 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.87 BTC [-]
Ukto: mpex has pages? :P *nudges Mircea*
Ukto: btw smickles: BF has topped 2,300 BTC 24hr vol :)
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.877895 = 17.5579 BTC [+]
thestringpuller: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.0006 / 0.00062205 / 0.00066676 (168732 shares, 104.96 BTC), 7D: 0.0006 / 0.00066192 / 0.00072101 (1713863 shares, 1,134.45 BTC), 30D: 0.0006 / 0.00073488 / 0.00078628 (16836028 shares, 12,372.51 BTC)
kakobrekla: good
kakobrekla: stamp is lame too
Diablo-D3: ;;ticker
gribble: BTCUSD ticker | Best bid: 86.50000, Best ask: 86.87137, Bid-ask spread: 0.37137, Last trade: 86.87137, 24 hour volume: 153284.13060894, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.23528
kakobrekla: dunno
kakobrekla: many reasons, dont have the time to get into that again
Bitdragon: List of commands:
kakobrekla: in short, they are slow, the steal via fees since ever, tiny amouts but still and is run by kids with css skills, also trading interface is fcuked, you need 3 or 4 tabs - have fun
assbot: [MPEX] [S.MPOE] 4700 @ 0.00066676 = 3.1338 BTC [+]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00067292 = 3.3646 BTC [+]
assbot: [MPEX] [S.MPOE] 1250 @ 0.00067438 = 0.843 BTC [+]
Bitdragon: Who are you are talking about?
Bitdragon: ;;buy 100
gribble: (buy [--long] <amount> <thing> [at|@] <priceperunit> <otherthing> [<notes>]) -- Logs a buy 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 (1 more message)
benkay: ;;24hprc
gribble: Error: "24hprc" is not a valid command.
benkay: ;;24h,prc
gribble: Error: "24h,prc" is not a valid command.
benkay: ;;24hrpc
gribble: Error: "24hrpc" is not a valid command.
benkay: OMG
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.87968 = 8.7968 BTC [+]
Bitdragon: ;;
Bitdragon: ;;ticker
gribble: BTCUSD ticker | Best bid: 87.73000, Best ask: 87.75000, Bid-ask spread: 0.02000, Last trade: 87.73000, 24 hour volume: 155699.24992401, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.21684
Bitdragon: ;;help
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/
Bitdragon: !facts
Bitdragon: ;;asks 100
gribble: There are currently 24555.229 bitcoins offered at or under 100.0 USD, worth 2358207.51086 USD in total. | Data vintage: 0.0027 seconds
Bitdragon: ;;asks 99.9
gribble: There are currently 21738.811 bitcoins offered at or under 99.9 USD, worth 2076585.24429 USD in total. | Data vintage: 35.6864 seconds
Bitdragon: ;;ticker
gribble: BTCUSD ticker | Best bid: 90.00000, Best ask: 90.04900, Bid-ask spread: 0.04900, Last trade: 90.00000, 24 hour volume: 155899.94157540, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.21739
MJR_III: well...say goodbye to another bunch of weak hands i guess
benkay: ;;goxlag
gribble: 18.994122 seconds
smickles: gratz Ukto :)
copumpkin: the growth wouldn't be as extreme
copumpkin: and it's not as if it's "disabled"
copumpkin: it's just that it isn't very prevalent
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.87 BTC [-]
MJR_III: yes...you can short right now
MJR_III: it is relatively easy
MJR_III: fucking bullshit though...minutes of lag
MJR_III: why don't we just mail our orders to gox
MJR_III: also...bitfloor has not had these issues...they didn't have a huge dropoff and they have maintained the price...mt gox injects a ton of uncertainty into the market with their horrible matching engine
MJR_III: go to bitfinex
MJR_III: all you need is to borrow bitcoins
MJR_III: and then you sell them
copumpkin: you short by finding someone to lend you coins
MJR_III: um...since they connect to gox
copumpkin: it's not like shares that are much harder to borrow
MJR_III: bitfinex connects to gox
MJR_III: well...you have access to the liquidity
assbot: [MPEX] [S.MPOE] 15909 @ 0.00066793 = 10.6261 BTC [-]
assbot: [MPEX] [S.MPOE] 1344 @ 0.00067438 = 0.9064 BTC [+]
MJR_III: 12% annually
MJR_III: were you going to short for a year?
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.84 = 3.36 BTC [-]
MJR_III: hint: if you are shorting, you expect price to go down
MJR_III: yeah...you are totally right tiberiusiv i can't make money selling at 97 and covering at 80
MJR_III: how do you figure?
MJR_III: 12% is 12%
MJR_III: oh...but if THEY RISE IN VALUE YOU ARE A dumbass to short
MJR_III: get it?
MJR_III: if I think they go up i get long
MJR_III: if i think they go down, i short
MJR_III: meaning you are paying LOWER rates of interest if you are right
MJR_III: and i just showed it to you
MJR_III: how do you figure?
MJR_III: let me walk you through the scenario
MJR_III: ;;calc 12/365
gribble: 0.0328767123288
copumpkin: tiberiusiv: it's not currently deflationary
MJR_III: .03%
copumpkin: in the long run it is
MJR_III: so i borrow 100 btc
copumpkin: lol
MJR_III: i sell at 92
copumpkin: omg stocks are deflationary right now
MJR_III: i now have 9200
MJR_III: i owe 100 bitcoins
MJR_III: it drops to 80
MJR_III: i cover
MJR_III: i made 1200
MJR_III: let's examine that
MJR_III: 100 btc
MJR_III: for one day
MJR_III: costs
MJR_III: ;;calc 100 * .0003
gribble: 0.03
MJR_III: ah ok
MJR_III: it would cost me .03 bitcoins
MJR_III: which at 80
MJR_III: would be...
MJR_III: ;;calc 80 *.03
gribble: 2.4
MJR_III: omg
Bugpowder: looks like S.MPOE bounced
MJR_III: i had to spend $2 in order to short
MJR_III: how could i ever make that back
copumpkin: lol
copumpkin: this is an awesome conversation to watch
MJR_III: like i said
MJR_III: you have to pay 2 dollars in interest
MJR_III: you made 1200 in my scenario
MJR_III: seems reasonable
MJR_III: i don't think you understand how apy works
MJR_III: you are paying a tiny tiny rate of interest
MJR_III: ugh
MJR_III: and...
MJR_III: if i expect it to stay where it is
MJR_III: i probably wouldn't short
MJR_III: duh
MJR_III: i don't think you understand how speculation works
copumpkin: MJR_III: it takes a speculum, right?
MJR_III: copumpkin: hehehe
MJR_III: another epic troll by tiberiusiv
MJR_III: how is that
MJR_III: i managed to pay it
MJR_III: seemed possible
MJR_III: i shorted, made money
MJR_III: then went long and rode it back up
MJR_III: you can't pay that back
copumpkin: tiberiusiv: how do you expect to short then, when risk for the lender is so high? should lending not exist at all?
MJR_III: first off
MJR_III: there aren't 21 million bitcoins yet
copumpkin: tiberiusiv: that's an argument against any interest rate you pick
copumpkin: 0.01%
MJR_III: so you are trying to borrow an impossible amount of money
MJR_III: lets say i want to borrow 100 quintillion dollars
MJR_III: how would i service that debt?
copumpkin: in other news, if you borrow all the money in the world, things might go strangely
copumpkin: news at 11
MJR_III: hehehe
MJR_III: tiberiusiv: but only for principal
MJR_III: no money is created for interest
MJR_III: this is fractional reserve lending 101
MJR_III: you cannot always obtain dollars
MJR_III: a limited number of dollars
MJR_III: it is lower than the total amount owed
copumpkin: tiberiusiv: where did you learn about this stuff, out of curiosity?
MJR_III: copumpkin: where did he NOT learn about this?
MJR_III: ok...but a lot of people don't seem to want to lend their bitcoins
MJR_III: that is the markets desire for interest on btc
MJR_III: it does
MJR_III: wrong
MJR_III: its not even 12
MJR_III: its currently at...9.5
copumpkin: tiberiusiv: you'd be surprised :)
MJR_III: go to the "lending" page
copumpkin: lending rates historically have been way higher in bitcoin
MJR_III: look at BTC Lending offers
copumpkin: tiberiusiv: and how do you propose that happen, as I asked before?
copumpkin: there's still large risk for the lender
MJR_III: if you look at the site we are talking about...you will see that bitcoin lending and dollar lending is a market like any other
MJR_III: the current VARIABLE rate is 9.5%
MJR_III: ok...you said it is 12 and has always been 12
MJR_III: ok...i want to short all the aapl shares in the world
MJR_III: there is a concept of hard to borrow
MJR_III: i need to "locate" the shares before i can sell short
MJR_III: i don't think you understand how the free market works
copumpkin: lol
MJR_III: you can lend coins for as much as you can get
MJR_III: right now...thats 9.5%
copumpkin: I HAVE DECREED
MJR_III: no one has defaulted on bitfinex
MJR_III: do you understand what a margin call is?
MJR_III: first, you can see it yourself
MJR_III: 2500 btc i would say
MJR_III: 5 to 1 margin
MJR_III: well...no one is taking whats out there
MJR_III: so it seems to be more than enough
MJR_III: ok...
MJR_III: your point being
copumpkin: ...
MJR_III: well...that is probably because you'd have to be stupid to short
copumpkin: you can still approach me and say "hey copumpkin, can I borrow some coins?"
MJR_III: you know his holdings?
MJR_III: pray tell how did you obtain this info?
copumpkin: lol
MJR_III: and you know this how?
MJR_III: put your money where your mouth is
MJR_III: and go to bitfinex and take out the short
MJR_III: you can short 2500 RIGHT NOW
MJR_III: if you put up 500 or so coins
MJR_III: because you'll make money
MJR_III: because it'll go down
MJR_III: you can lock in fixed rates
MJR_III: oh my gosh
MJR_III: have you ever even seen bitfinex's site
MJR_III: i can lock in 10%
MJR_III: but you aren't paying in dollars
MJR_III: you are paying in bitcoins
MJR_III: no you don't
MJR_III: you have to OWN bitcoins
MJR_III: ok, enough
MJR_III: if the price doubles the INTEREST is the last of your worries
MJR_III: you will get stopped out if it goes up by 20%
copumpkin: have you heard of daily settlement?
copumpkin: I wonder if they do that
MJR_III: copumpkin: i'm just gonna mute...its obvious he has no idea what he's talking about
MJR_III: ah...peace and quiet
copumpkin: we have a baller here
copumpkin: lol
copumpkin: you can tell yourself that to make yourself feel better about not having any real arguments
MJR_III: copumpkin: he has been at this game for a week now
MJR_III: just trollling bitcoin-assets
MJR_III: i ignored him on my phone's irc client
MJR_III: but forgot to do it on MiRc
copumpkin: I conveniently own a slice of MPOE!
copumpkin: yay!
MJR_III: so i got sucked into yet another stupid conversation with an idiot
copumpkin: tiberiusiv?
MJR_III: yes
copumpkin: 1000 times earnings?
copumpkin: I was one of the first investors
copumpkin: I paid nothing for it
copumpkin: or close to it
copumpkin: no
bgupta: MJR_III not to interupt this retardedness, but what are the requirements to borrow at 12%? IE: How do they know you won't abscond with the coins?
MJR_III: copumpkin: are you involved with iphone jailbreaking?
copumpkin: I bought them
copumpkin: MJR_III: yep
copumpkin: well, I was
MJR_III: bgupta: you cannot default
MJR_III: they hold your account
MJR_III: you cannot withdraw from it
copumpkin: tiberiusiv: I can't remember now, it was ages ago
MJR_III: you can only trade with it
MJR_III: if you lose what you have in the bank
copumpkin: I think I got a little over 100k shares for 5 or 10 btc?
bgupta: Ah so you have to use it to short in their trading system.. you can't borrow it for other reasons.
MJR_III: they liquidate your position
MJR_III: yes
bgupta: makes sense
bgupta: got it
MJR_III: similar to most prop trading firms
MJR_III: its a nice system
smickles: tiberiusiv: you could get upwards of 10kbtc margin on mpex, iirc. but that's a scam. amirite :D
copumpkin: tiberiusiv: it's logged on MP's blog somewhere, if you look far enough back
bgupta: I don't trade currencies so not for me.
MJR_III: yeah
copumpkin: tiberiusiv: you know that someone who disagrees with you isn't automatically poor or stupid
MJR_III: copumpkin: he doesn't know that
copumpkin: people can just disagree without it devolving into elementary school playground
copumpkin: you've said I'm poor because I disagree with you
copumpkin: it's kind of amusing
copumpkin: you can maintain that
bgupta: tiber is now on my ignore list.
copumpkin: I can disagree
MJR_III: the main problem with tiberiusiv is that he doesn't just shut up and short bitcoins, if he is so bearish...then put your money where your mouth is and go short
MJR_III: i hope everyone ignores him eventually
bgupta: I mean literally I can't see what he is typing.
MJR_III: mostly just because i have no interest in listening to his idiocy, but i still have to see the other half of the convo
MJR_III: bgupta: me neither
copumpkin: the most annoying thing about /ignore is that people keep talking about how they can't see what someone is typing :P
bgupta: sorry
MJR_III: i like ignoring
MJR_III: but it makes for strange half convos
copumpkin: MJR_III: he's ignored you. Your messages don't get through to him (if you haven't used IRC much before)
MJR_III: where you are like "huh? what are you guys talking about"
copumpkin: I mean tiberiusiv
MJR_III: copumpkin: where you telling tiberiusiv?
MJR_III: were*
smickles: bitfinx is pretty new, that may have to do with their size
MJR_III: yeah not huge...but they pass through to gox
copumpkin: tiberiusiv: I haven't really seen particular evidence of that, and he's not extrapolating unnecessarily, which are doing
copumpkin: which *you are doing
bgupta: gonna check it out is it only btc/fiat plays or do they have other stuff there?
MJR_III: only btc/usd
MJR_III: i believe
copumpkin: tiberiusiv: of him being a child or particularly stupid
MJR_III: i prefer to get margin to go long
copumpkin: tiberiusiv: do you accept that there might be explanations other than high interest rates for that?
bgupta: MJR_III: URL?
MJR_III: high interest, but if you use it for daytrading its manageable
MJR_III: bitfinex.com
copumpkin: tiberiusiv: or when the borrower is a thief? :)
copumpkin: or is that inconceivable
MJR_III: you basically have a btc wallet and a dollars wallet
copumpkin: no, I don't
MJR_III: i mean on bitfinex
copumpkin: tiberiusiv: so everyone's good and the evil lenders force them to steal the money?
copumpkin: by imposing rates that are too high
MJR_III: if you want to buy and sell bitcoins (withdraw etc) you can use the exchange portion...if you want to trade on margin, there is that portion
MJR_III: and if you would rather just lend out dollars or bitcoins...you can do that too
copumpkin: do I sense a religious undertone to that judgment?
smickles: hmmm, i don't think any of the loans i've made > 100btc in value have defaulted
copumpkin: opinions are like assholes, they say
MJR_III: copumpkin: you are making me think of unignoring him...but i have to be like ulysses and ignore the siren song of trolling
copumpkin: MJR_III :)
bgupta: what exchage do the trades get settled?
copumpkin: tiberiusiv: you seem intent on preaching a lot and listening very little
bgupta: Guessing MtGox? needs to kinda be mtgox to impact the market no?
MJR_III: bgupta: you can basically go to gox or bfx
copumpkin: tiberiusiv: I'll let you do that without unnecessary distractions of people trying to talk to you
MJR_III: yes
MJR_III: but, you can also go to bitfinex's own book
MJR_III: which is a lot cheaper from a fee perspective
smickles: bgupta: actually, this recent fun was started by a 700 btc sale on btce
MJR_III: .1% vs .4% i believe
smickles: took 5 min or so for the traders on gox to even start to react
benkay: checkit
copumpkin: tiberiusiv: I know the default rates are high
benkay: ;;tslb
gribble: Time since last block: 17 minutes and 0 seconds
bgupta: sure… if you are a an oracle and know which way things will go and aren't trying to influence the market with your trades.
smickles: $unconfirmed
mpexbot: smickles: 1539
MJR_III: well
copumpkin: tiberiusiv: I suggest that you approach things a bit more open-mindedly in future though, and don't just write off anyone who disagrees with you as poor, young, stupid, or otherwise unworthy of talking
MJR_III: you can watch other markets to see where general sentiment is going
copumpkin: who the fuck cares
MJR_III: if you could move money instantly, you could arb bitfloor and btc-e all day
MJR_III: the good part of selling on bitfloor is that you can get a liquidity rebate
copumpkin: MJR_III: if you could move money instantly, there would be very little to arb in the first place
MJR_III: copumpkin: i meant if you singular could do that...not you as in everyone
copumpkin: tiberiusiv: credit regulations might apply?
MJR_III: for example if you had a relationship between those two exchanges...all arb would go away as they both equalize
copumpkin: I haven't looked into the regulations surrounding issuing credit for short selling
copumpkin: yes, but do you know that they havne't had to deal with that shit?
copumpkin: perhaps they don't
copumpkin: I really don't know
copumpkin: never been a broker :)
MJR_III: copumpkin: has he gotten onto the regulatory dead horse now?
copumpkin: nah, that's me :)
benkay: ;;tslb
smickles: oooh, icbit
gribble: Time since last block: 1 minute and 59 seconds
MJR_III: copumpkin: you didn't answer though, are you the iphone jailbreaker?
smickles: o/
copumpkin: MJR_III: I used to be, yep
MJR_III: wow i am honored
MJR_III: i wish cydia would take btc
copumpkin: tiberiusiv: how do you know they don't realize this?
copumpkin: MJR_III: hah, me too!
MJR_III: has anyone asked saurik?
copumpkin: I poked him at some point
copumpkin: maybe he'll be more amenable to it now
MJR_III: hope so
MJR_III: it would be nice
MJR_III: you made my day though
MJR_III: i thought it was you
copumpkin: hah
smickles: tiberiusiv: what do you think of the futures offerd by icbit?
copumpkin: I'm not particularly famous :P
MJR_III: but wasn't sure, but i've been a big fan of your work for a long time
copumpkin: thanks :)
MJR_III: well the whole devteam really
Chaang-Noi: since sell off to 75, what was that a 50,000 coin market order?
copumpkin: haven't done anything related to it in years though, really
MJR_III: but i definitely recognize that handle
copumpkin: I think last real iphone work I did was 2009/10?
MJR_III: i jailbroke the first iphone on 1.0x
Chaang-Noi: ;;asks 95
gribble: There are currently 9039.4257 bitcoins offered at or under 95.0 USD, worth 849457.810281 USD in total. | Data vintage: 236.5691 seconds
MJR_III: never did any dev stuff there
copumpkin: omg it's a Chaang-Noi
MJR_III: but we still had to worry about "bricking" and manually creating symlinks
copumpkin: Chaang-Noi: tell tiberiusiv how much money we lost!
smickles: Chaang-Noi: the ice melted around your champagne, didn't it?
copumpkin: tiberiusiv: see, Chaang-Noi is a goat, and he's epic baller
copumpkin: ultra baller goat
copumpkin: the kind that climbs trees
MJR_III: lol
copumpkin: http://2.bp.blogspot.com/-ISrndp6k1ig/UB-bPE1QSVI/AAAAAAAAAFU/gOxPPXa-Fac/s1600/goats-in-trees.jpg
MJR_III: how long you been in btcland copumpkin?
copumpkin: he's the guy on the upper left
copumpkin: MJR_III: couple of years now, on and off
MJR_III: yeah i started playing around with it back in 11...trying to do an fpga miner
MJR_III: but got distracted and didn't come back till this january
smickles: i may be poor, but i think i've gone into the next tax bracket
MJR_III: lol nice smickles
smickles: too much short term capital gains
assbot: [BTCTC] [PAJKA.BOND] 5 @ 0.1076 = 0.538 BTC [+]
copumpkin: smickles: omg you entered the 15% rate bracket?
copumpkin: congratulations!
smickles: :D
MJR_III: smickles: you in US? will you declare it?
copumpkin: I disagreed with tiberiusiv so I'm clearly in the 10% bracket
MJR_III: that is how the tax code works
MJR_III: our wealth is determined by our level of agreement with tiberiusiv
smickles: MJR_III: well, i declared some last year, and i've already bought some things with it this yeear, so yeah, i think i'll declare it
MJR_III: smickles: this is US taxes right?
smickles: yes
MJR_III: wonder how they will handle it up in canada
copumpkin: smickles: O taxmeister, please tell me, what is the point of throwing a $1700-wide hole like this into the tax code? http://snapplr.com/jxx2
kakobrekla: just move to yurop already
MJR_III: do they have capital gains and such? wonder if cavirtex will report
Chaang-Noi: hi copumpkin :)
Bowjob: https://bitcointalk.org/index.php?topic=160388.0
Bowjob: bitcoin will reach 100
Bowjob: wooho
Chaang-Noi: smickles yeah, a bit sad, what was the vol on that sale?
smickles: copumpkin: lol, i dunno
smickles: tiberiusiv: some is capital gains, some is income
copumpkin: it really makes a huge difference that those $1700 are taxed not at 33%, not at 39.6%, but at 35% exactly
copumpkin: tiberiusiv: (smickles is an accountant)
assbot: [MPEX] [S.DICE] 3000 @ 0.00389736 = 11.6921 BTC [-]
copumpkin: as mitt famously said :)
smickles: this'll be the first year i have to pay fed. income tax, unless i'm mistaken
copumpkin: poor things
KRS1: tiberiusiv: you don't seem like you know what you are talking about when you say majority of Americans don't pay income taxes.
KRS1: Many do not have a choice, it comes out of their paychecks.
smickles: i think a lot do, but they don't have to
KRS1: Thats right, for overpayments.
smickles: KRS1: tiberiusiv wouldn't count an interest free, manditory loan as a tax
MJR_III: lol
MJR_III: that is my least favorite
KRS1: smickles, this im wasting my time aren't I
copumpkin: well, payroll tax always applies
copumpkin: so even those that don't pay income tax pay payroll tax
MJR_III: KRS1: come join on us on the ignoring tiberiusiv side, its really great
copumpkin: well, almost always applies
KRS1: <- off to do something productive
copumpkin: unless you're really poor
MJR_III: smickles: even if you are poor...they still take it out and you have to file to get it back right?
smickles: oh, ya know, i have like 30k carry-over from my rental property. I'm not going to pay fed. income tax unless i do a lot better
MJR_III: hehehe
copumpkin: tiberiusiv: yay!
MJR_III: the funniest thing, and this is a testament to the average americans intelligence regarding finance, is that people get excited when they get their own money back
copumpkin: tiberiusiv: "case in point" is the idiom
Chaang-Noi: anyone one know the volume on the sale to 75 off hand? thanks
copumpkin: ;;asks 75
gribble: There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in total. | Data vintage: 0.0019 seconds
Chaang-Noi: i mean the one last night, the huge harket sell order
Chaang-Noi: market
copumpkin: oh
smickles: Chaang-Noi: it started with a one-off 700 btc on btce
MJR_III: i literally don't even know why someone would do that
MJR_III: so much slippage
copumpkin: ;;bids 75
gribble: There are currently 43668.029 bitcoins demanded at or over 75.0 USD, worth 3431186.42875 USD in total. | Data vintage: 45.9326 seconds
Chaang-Noi: smickles really?
smickles: Chaang-Noi: yeah, gox traders didn't even react for 5 min or so
MJR_III: copumpkin: do the iphone guys use freenode?
Chaang-Noi: last night i bet it was thicker than what it is now, that is a massive sell off
Diablo-D3: well
copumpkin: MJR_III: not really
Diablo-D3: I wish BTC would get to $1000 already
copumpkin: Diablo-D3: over 8000!!!
MJR_III: Diablo-D3: yep...i can't wait
Diablo-D3: no, $1000 is fine
Diablo-D3: I just need enough money to start DMC
copumpkin: you sure you wouldn't prefer over 8000!?!?!?!?
Diablo-D3: copumpkin: it'd take too long
smickles: the laptop i bought with btc at the begining of this week is named "btc9001"
MJR_III: i mostly think that it is necessary for the price to get to that level so we can start doing real institutional stuff
Diablo-D3: and its clear copumpkin is a fan of the source material
copumpkin: lol
MJR_III: gonna be a huge space available for investment bank/underwriting, handling IPO's etc
copumpkin: someone just did a lot on btcn
Diablo-D3: MJR_III: yeah, but Im looking for over $200m.
copumpkin: tiberiusiv: what do you do when you're not arguing on IRC?
copumpkin: sounds like fun
assbot: [HAVELOCK] [HIM] 1 @ 1.92 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 3 @ 0.00485 = 0.0146 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 2 @ 0.3519 = 0.7038 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.005 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 49 @ 0.00506 = 0.2479 BTC [+]
KRS1: lol copumpkin
assbot: [BTCTC] [S.DICE-PT] 78 @ 0.005065 = 0.3951 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 79 @ 0.005075 = 0.4009 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 475 @ 0.00508 = 2.413 BTC [+]
MJR_III: smickles: it's kind of hard to do some financial analysis of sdice right now right? we don't have a full year of data...
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.849998 = 3.4 BTC [+]
MJR_III: would like to come up with a realistic valuation
copumpkin: did you guys know that there's a million-dollar-an-hour club?
KRS1: lol what..nice.
copumpkin: (of high earners, to put it lightly)
MJR_III: copumpkin: where?
copumpkin: http://www.amazon.com/How-Make-Million-Dollars-Hour/dp/1118239245
smickles: MJR_III: i'm sure you could get a good idea from the data out there now. the main thing would be wether or not there will come some outside influence on their operations
copumpkin: lol @ inflammatory title
copumpkin: but there are HF managers who have made that much on good years, if you assume 40-hour work weeks and the like
MJR_III: record for HF is 4 billion one year
smickles: ;;bc,24hprc
gribble: 87.54
MJR_III: for the hedge fund manager
copumpkin: MJR_III: I think paulson made 4.8 one year
copumpkin: dalio has made 3.8
MJR_III: wow
copumpkin: a few others
MJR_III: but it is a common saying among those guys that they wouldn't roll out of bed for what lloyd blankfein makes
MJR_III: but the average hedge fund manager makes ONLY 375k
copumpkin: hah
assbot: [HAVELOCK] [VTX] 4 @ 0.47 = 1.88 BTC [+]
assbot: [HAVELOCK] [VTX] 4 @ 0.47 = 1.88 BTC [+]
MJR_III: i was reading an article about hedge fund guys, and that was the cautionary tale
MJR_III: i know you guys think you will get rich but be aware most people only make slightly under 400k a year
copumpkin: lol
MJR_III: i'm like...oh in that case nevermind
mircea_popescu: i wonder if it's worth reading thr scrollback
MJR_III: lol
copumpkin: mircea_popescu: absolutely not
assbot: [HAVELOCK] [VTX] 2 @ 0.478 = 0.956 BTC [+]
MJR_III: mircea_popescu: no it isn't
mircea_popescu: 227 ignored lines it says. yeah, i see.
MJR_III: it was entertaining for a little while, but i am hoping that we can move past the tiberiusiv era
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.849998 BTC [+]
mircea_popescu: i wonder who the next ciuciu will be
assbot: [HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]
MJR_III: his latest argument was that it is too expensive to short bitcoins because if they go up your interest rate is huge
copumpkin: MJR_III: and most people at HFs aren't the "managers" as people call them
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.849998 = 4.25 BTC [+]
MJR_III: copumpkin: my friend is a quant for one
MJR_III: most of the hedge funds are quite small
mircea_popescu: MJR_III he had me yesterday, when he was explaining that he can't short mpoe because he doesn;t own all the money in the world
copumpkin: yup
MJR_III: couple qualitatives, couple quants...and a manager
copumpkin: mircea_popescu: he tried that on us too
mircea_popescu: but failed to understand how this undermines his argument as to mpoe being weak.
MJR_III: yep
MJR_III: it was ridiculous
mircea_popescu: sorta like... you need all the money in the world to push over this here rotten reed.
mircea_popescu: seems legit
MJR_III: i told him i couldn't borrow a quintillion dollars either
mircea_popescu: a cunnilingus dollars ?!
MJR_III: lol
MJR_III: and that P != P + I
MJR_III: any new money created through debt does not create enough for the interest on the debt
mircea_popescu: well anyway.
MJR_III: and yet the world keeps on turning
mircea_popescu: bitcoin failed to cross 100, mpoe contracrt volume failed to cross 1/2 mn
mircea_popescu: i can't claim 50mn notional this month ;/
copumpkin: oh no!
mircea_popescu: all is for naught
copumpkin: all is for naughty
mircea_popescu: haha
smickles: THE JIG IS UP!
mircea_popescu: smickles da jiggle
MJR_III: what was the total volume mircea_popescu
mircea_popescu: like almost 500k
MJR_III: quite impressive
mircea_popescu: it is
mircea_popescu: last highest was like 130k iirc
MJR_III: expecting good dividends?
mircea_popescu: that we see tomorro
MJR_III: hmmm
MJR_III: brb
smickles: MJR_III: he typically keeps a tight lip on that topic
mircea_popescu: yeh teh tradition is that no comment
assbot: [MPEX] [S.MPOE] 4600 @ 0.00066065 = 3.039 BTC [-]
MJR_III: hehehe
MJR_III: all good
smickles: Bugpowder, iirc, seems to think no dividend, mpbor boned
MJR_III: almost tripled my position
smickles: $unconfirmed
mpexbot: smickles: 1338
mircea_popescu: 190`817 actually
mircea_popescu: back in january
mircea_popescu: odd how mpex volume seems to skip a month
MJR_III: hmmm
mircea_popescu: mpoe i mean
MJR_III: why did my trade not hit assbot?
copumpkin: I wonder how much is in my mpex account right now
MJR_III: lol, there it is
mircea_popescu: !mp copumpkin's account details
assbot: Please use http://dpaste.com/
mircea_popescu: lol
copumpkin: I see...
smickles: that's a funny thing
mircea_popescu: wait, mpoe back to 66 ?
copumpkin: mircea_popescu: what'd it start at again?
mircea_popescu: 0.00002
copumpkin: hmm
smickles: copumpkin: i have a gui interface to mpex now :)
copumpkin: so I've made decent money off of my investment
mircea_popescu: well actually 0.00009 1st block (1mn) then 2nd block 0.000025 or so
copumpkin: assuming I sell it
Namworld: [23:06] <mircea_popescu> yeh teh tradition is that no comment
smickles: and I'm improving it too
Namworld: ^^^^ ofc
Namworld: Otherwise it would impact derivates trading if people could know upfront
MJR_III: hmmm
MJR_III: good point
mircea_popescu: copumpkin wait you had shares too ?
copumpkin: lol
copumpkin: yeah, around 110k iirc
smickles: http://youtu.be/jyLvkF2z0AQ
mircea_popescu: this is so disconnecty for me. on one hand there's this endless stream of "o, mpoe, scam, nobody uses it, wtfbbq"
mircea_popescu: on the other everyone seems to have shares, i'm like...
mircea_popescu: loooost
copumpkin: I never said that!
mircea_popescu: not u!
mircea_popescu: forumppl
smickles: copumpkin: that link was for you
copumpkin: smickles: I see :P
copumpkin: oh he's back!
smickles: hehehe
copumpkin: tiberiusiv: still made good money off of it
copumpkin: if I did sell
Namworld: forum people are angry of having to either pay fees to a broker or pay a high fee to trade directly on the exchange.
copumpkin: which I won't
copumpkin: cause I'm too lazy to place an order through the system :P
Namworld: Or just angry at your personality/the other business you run
mircea_popescu: Namworld in a word, just angry.
smickles: copumpkin: smickles.com/mpex-gui/
Namworld: or even MPOE-PR being a loudmouth
Namworld: aye
Namworld: tiberiusiv, true
copumpkin: smickles: cute! still too lazy though :(
Namworld: Fees are good on coinbr
smickles: haha!
copumpkin: tiberiusiv: seriously?
Namworld: Ah yes, many just don't like mircea.
MJR_III: what other business do you run mircea_popescu
mircea_popescu: i dunno what he meant
copumpkin: people dislike mircea_popescu because his penis is too big
MJR_III: lol
MJR_III: who gives a fuck how they feel...the exchange speaks for itself
mircea_popescu: that's my clitoris.
mircea_popescu: my penis' even bigger.
copumpkin: tiberiusiv: did you go by another nick in the past?
copumpkin: there was another guy in here
copumpkin: who spoke about mircea_popescu in exactly the same terms
copumpkin: I can't remember what his nick was
mircea_popescu: don rickles ?
copumpkin: tiberiusiv: "gypsy scum" is the truth?
smickles: i thought he just whipped the women
copumpkin: tiberiusiv: so are the admins of reddit also gypsy scum?
copumpkin: and moot, perhaps
MJR_III: yeah, the whole bdsm article confused me a little
copumpkin: lol
copumpkin: it must be great seeing everything in perfect black and white
copumpkin: really makes life a lot simpler
copumpkin: to see no nuance at all :)
smickles: 'internet people' and 'real capital'
mircea_popescu: smickles i don't think he knows about that part yet.
MJR_III: i think "simple" sums him up perfectly
copumpkin: tiberiusiv: and we don't?
copumpkin: admittedly, I kinda don't
assbot: [HAVELOCK] [SDICE] 1 @ 0.40999998 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.40999998 BTC [+]
assbot: [HAVELOCK] [SDICE] 2 @ 0.40999999 = 0.82 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.41099999 BTC [+]
assbot: [HAVELOCK] [SDICE] 5 @ 0.41099999 = 2.055 BTC [+]
MJR_III: was that a buy or a sell?
copumpkin: fine
MJR_III: the + means they took the ask right?
assbot: [BTCTC] [S.DICE-PT] 77 @ 0.00508 = 0.3912 BTC [+]
copumpkin: tiberiusiv: why are you actively set against him, instead of just neutral, then?
assbot: [BTCTC] [S.DICE-PT] 98 @ 0.0055 = 0.539 BTC [+]
copumpkin: okay, so they won't invest in him
copumpkin: who cares?
MJR_III: trolls care
MJR_III: tiberiusiv is like atheists who devote all of their time to arguing about things they don't believe in
copumpkin: tiberiusiv: how do you know he's a fraudster?
smickles: MJR_III: the + means it was traded higher than the last time, not a statement on who was the liquidity taker
MJR_III: agnostics just go on about their business...to be honest most religious people spend less time talking about religion than most atheists on reddit at least
smickles: huh
copumpkin: tiberiusiv: he publishes reports monthly, doesn't he?
copumpkin: or you mean looking behind that?
copumpkin: have you verified mtgox's reports?
assbot: [HAVELOCK] [HIM] 1 @ 1.92 BTC [+]
copumpkin: so is MagicalTux a fraudster?
MJR_III: copumpkin: no he is probably just poor/a kid
smickles: copumpkin: well, he would've been, (MT) but he started making too much money
copumpkin: tiberiusiv: but how about MagicalTux?
copumpkin: the owner of mtgox
assbot: [HAVELOCK] [SDICE] 2 @ 0.445 = 0.89 BTC [+]
copumpkin: isn't that true of every merchant out there?
smickles: and polimedia isn't
deadweasel: you mean like advertising?
smickles: @.@
assbot: [HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]
copumpkin: he's in romania because he's romanian, I thought
copumpkin: although he did move there after being in the US
copumpkin: most people live in the place they're from, eventually
copumpkin: what scheme was that?
copumpkin: have you been there?
smickles: copumpkin: consulting, iirc
mircea_popescu: http://www.youtube.com/watch?v=X1y0vfBGm38
mircea_popescu: pretty lolzy. wtf are they doing with the chips
copumpkin: tiberiusiv: have you been there?
copumpkin: you know a lot
copumpkin: yessir!
MJR_III: copumpkin: he will circle back to his first point again at some point and just repeat the cycle
copumpkin: $ grep "<tiberiusiv>" foo.txt | grep "?" | wc -l
copumpkin: 15
copumpkin: $ grep "<tiberiusiv>" foo.txt | wc -l
copumpkin: 253
copumpkin: just a statistic
copumpkin: my log of this channel from the past couple of hours
smickles: just the past couple of hours?
copumpkin: yeah
MJR_III: negraneu reminds me of edward norton so i always think of rounders when i see him play
mircea_popescu: he kinda sucks imo
mircea_popescu: telegraphs to all hell
smickles: we must have different greps, that same command gets me 2 and 12
smickles: and my logs go back a while
copumpkin: different greps have different syntax
smickles: i don't see what i'm doing wrong with mine D:
copumpkin: you ignoring him perchance? :P
smickles: nope
smickles: i don't ignore anyone
mircea_popescu: different greps what abominations am i reading
mircea_popescu: there's only one grep and its name is grep
copumpkin: lol
smickles: there are different greps, actually :P
mircea_popescu: infidel
copumpkin: there is but one true grep
mircea_popescu: http://www.foxnews.com/leisure/2013/03/28/company-releases-new-bacon-flavored-condoms/#ixzz2OriHQTSs
mircea_popescu: fox. farly balanced.
smickles: OOOOOHHHHH
Chaang-Noi: lol
copumpkin: they put tastebuds in rectums (recta?) now?
smickles: my log does it like < tiberiusiv>
smickles: copumpkin: i have 1998 vs 20974
copumpkin: smickles: perhaps he's usually more inquisitive than he was tonight
copumpkin: it'd be interesting to run a sliding window average over it
Chaang-Noi: how is that sell off last night going to lower the 24 hour average for all these calls?
copumpkin: and plot the topic of conversation
smickles: ;;bc,24hprc
gribble: 87.54
smickles: Chaang-Noi: ^
mircea_popescu: copumpkin tastebutts.
Chaang-Noi: hmm higher than i expected
copumpkin: mircea_popescu: ohhh!
copumpkin: mircea_popescu: never knew they were spelled that way
Chaang-Noi: that sell off might not have had volume
copumpkin: everything makes sense now
mircea_popescu: but srsly, i'm looking forward to fresh onion flavoured
copumpkin: lol
mircea_popescu: same tearflow, less wear and tear on the whips
copumpkin: bhut jolokia flavor
Chaang-Noi: you like onions when you go down on a guy? lol are we still talking about flavoured comdoms?
smickles: sour apple should improve performance
Chaang-Noi: i never understood why one would even wont to have a condom on while getting a bj
Chaang-Noi: condoms are good for aids/babies
mircea_popescu: Chaang-Noi some people don't have ALL the venereal disease there is yet.
Chaang-Noi: why not find a clean girl?
Chaang-Noi: is it really bad in romania?
mircea_popescu: not rly.
Chaang-Noi: maybe iv just been lucky :/
smickles: i saw some that had some kind of coating, the box said 'for external use only'. wtf is that?
Chaang-Noi: handjobs?
Chaang-Noi: or maybe a tit fuck?
mircea_popescu: some people hammer nails with their cocks
copumpkin: some people put nails through their cocks
copumpkin: tiberiusiv: now you're just trolling; go away
Chaang-Noi: copumpkin just now? lol this troll has been around a while:)
copumpkin: tiberiusiv: please tell me what you have deduced about me
Chaang-Noi: oh tiberslav
smickles: although i've never been to romainia, tiberiusiv, you're starting to come off more like a bigot as time goes on
Chaang-Noi: smickles the only thin tiberslav said was good about mp was when he burnt the koran
smickles: mircea_popescu: you mised the part when tiberiusiv called copumpkin poor for disagreeing with him
mircea_popescu: poor, poor, poor copumpkin
copumpkin: I think we all need report cards, written up by tiberiusiv
smickles: tiberiusiv: actually, i've been to the lower 48, most of norther mexico and most of souther canada
copumpkin: enumerating the things he's deduced about us based on our extensive interactions
mircea_popescu: when finance reared its ugly head copumpkin poorly wrote a check and fled...
copumpkin: lol
smickles: i had to backtrack and go to rhode island, so fucking small i missed it the first time around
copumpkin: tiberiusiv: inorite
copumpkin: I don't think I actually offered
copumpkin: but I did propose you asking as a solution to your problem
smickles: tiberiusiv: nope
copumpkin: tiberiusiv: how many are you actually looking for, out of curiosity?
mircea_popescu: anyway. nobody who owns mpoe stock is poor.
copumpkin: tiberiusiv: I am rich, filled to the brim with mircea_popescu's love
smickles: I almost went to japan once, but decided to go to gencon instead
mircea_popescu: ya you are full of it copumpkin
copumpkin: mmmm
smickles: tiberiusiv: that is about the extent of my travels, although i'd consider american and canadan indians a seperate culture
mircea_popescu: "She didn't have large breasts, but they were by no means small either."
mircea_popescu: sometimes i wonder if these people ever saw tits
copumpkin: lol
copumpkin: no, bigots are bigots
mircea_popescu: pretty much the only characterisation ever made is "big"
mircea_popescu: "not big but still big"
smickles: a canadan tribe almost imprisoned me for going up the wrong creek once
mircea_popescu: "even bigger"
copumpkin: tiberiusiv: anyway, I'm curious what you think about me
mircea_popescu: dude there's more to boob than mass.
copumpkin: tiberiusiv: can you give me any more information?
copumpkin: [23:44:47] <tiberiusiv> copumpkin offered to lend his vast holdings of BTC for short selling
copumpkin: [23:42:54] <tiberiusiv> wouldnt expect any less of a response from an mpex shareholder
copumpkin: I don't know
copumpkin: but you clearly do
copumpkin: based on those comments and others
smickles: tiberiusiv: that's not really my criteria for bigotry, and i don't really favor american political correctness, so far as i can tell
copumpkin: no
copumpkin: I've gotten into big fights with him before
copumpkin: and I think he's kinda an asshole
copumpkin: but I don't think he's dishonest and he's smart
Chaang-Noi: ;;asks 95
smickles: sounds like a fun place
gribble: There are currently 9528.5939 bitcoins offered at or under 95.0 USD, worth 896329.793098 USD in total. | Data vintage: 0.0020 seconds
Chaang-Noi: ;;asks 100
gribble: There are currently 26042.659 bitcoins offered at or under 100.0 USD, worth 2515384.40478 USD in total. | Data vintage: 10.7147 seconds
copumpkin: he thinks I'm too nice, too
assbot: [HAVELOCK] [VTX] 4 @ 0.475 = 1.9 BTC [-]
assbot: [HAVELOCK] [VTX] 3 @ 0.479 = 1.437 BTC [+]
copumpkin: mircea_popescu: right?
Chaang-Noi: that grew a lot
smickles: and cute to ;)
copumpkin: oh, smickles dug up a photo of me
smickles: copumpkin: that one on rg's site?
copumpkin: oh forgot about that
copumpkin: I guess you aren't as much of a creep as you sounded
smickles: ha!
copumpkin: apparently I look like a "faggot" in that picture
copumpkin: according to mad7scientist
smickles: orly?
copumpkin: yeah
smickles: ya know, mad7 was my first, .. so far as btc trades go
smickles: i wonder what mad7scientist's opinion of my photo on there is
copumpkin: aww, the photobook was taken down
smickles: copumpkin: nOOOOooOOO!
assbot: [MPEX] [S.DICE] 1500 @ 0.00419992 = 6.2999 BTC [+]
assbot: [MPEX] [S.DICE] 5450 @ 0.00419993 = 22.8896 BTC [+]
smickles: ;;seen jurov
gribble: jurov was last seen in #bitcoin-assets 4 hours, 9 minutes, and 21 seconds ago: <jurov> so armory seems to account for that?
smickles: tiberiusiv: too many bots in this chan, right?
copumpkin: looks like archive.org got all the good stuff, eh: http://web.archive.org/web/20120910023714/http://photobook.bitvps.com/index.php/
smickles: oh, that must be what sarcasm is
smickles: took me a minute to realize it
Namworld: hmm... RG used to ahve a photobook aight...
assbot: [BTCTC] [S.DICE-PT] 72 @ 0.0045 = 0.324 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 19 @ 0.0045 = 0.0855 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 32 @ 0.00442 = 0.1414 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 51 @ 0.00442 = 0.2254 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.0044 BTC [-]
MJR_III: you know...mt gox is kinda too big to fail
ThickAsThieves: did i miss anything other than rebounding to 90 and half of a bunch of shitty conversations with tiberius?
MJR_III: ThickAsThieves: pretty much summed up tonight
ThickAsThieves: cool
MJR_III: i couldn't see any of the pictures
smickles: MJR_III: i don't think they're too ig to fail
smickles: huh?
copumpkin: mircea_popescu: well, your idea of a fight tends to be /ignore
copumpkin: which I've been at least once
copumpkin: :P
copumpkin: or my perception of you being in a fight with me
smickles: i only remember civil debates
smickles: points raised, evidence presented
mircea_popescu: but yeah, basically, you're too nice
mircea_popescu: which is harmful to the environment
smickles: such and soforth
ThickAsThieves: I ran numbers on my btc portfolio today, it's officially worth 1.5x my yearly salary at my day job.
smickles: it's just play money tho
mircea_popescu: you're lucky you have a dayjob
ThickAsThieves: just scams and games
KRS1: thickasthieves: thats tight
ThickAsThieves: why am i lucky?
copumpkin: mircea_popescu: hah, my job tries hard to make me unnice!
mircea_popescu: what was it, fluffer ?
copumpkin: yup
mircea_popescu: bitchiest gals in showbiz.
smickles: that's gotta be a hard job tho
KRS1: not even at the hight of my btc balance did i have enough to hit my yearly salary @$90/btc
ThickAsThieves: <mircea_popescu> you're lucky you have a dayjob <---this flew over my head
KRS1: but then again i had a small gpu farm..met the author of Bamt that was kind of cool
MJR_III: i am looking into quitting my job now
copumpkin: smickles: works for me
mircea_popescu: ThickAsThieves just general kvetch. "in this economy, you're lucky to have a pickle"
KRS1: he lives near me
ThickAsThieves: ah
mircea_popescu: when you'll be jewish you'll understand.
MJR_III: hopefully find something in the bitcoin space
KRS1: have u guys ever heard of BAMT?
ThickAsThieves: i thought you were implying that 1.5x is not good enough, and to stick to it
ThickAsThieves: 1.5x is not good enough
ThickAsThieves: but i wont be sticking to my day bjob
ThickAsThieves: already neglecting it...
mircea_popescu: im not a great fan of dayjobs.
smickles: i'm not going to stop until i have an estate, some serfs, and a scribe
mircea_popescu: wouldn't it be easier to learn to spell ?
KRS1: Wouldn't you want minion?
KRS1: Or maybe even some sharks with freaking lasers?
mircea_popescu: inb4 smickles' revised list : " an estate, some serfs, a scribe and an extensive collection of skulls taken from people who discussed my spelling"
smickles: lol
smickles: as a future member of the imprisoned aristocracy, i say good day sir
MJR_III: smickles: lol
MJR_III: when do the new options hit mpex?
MJR_III: its the 29th here in nyc...
smickles: midnight utc
MJR_III: its 4:15 utc
smickles: indeed
MJR_III: so wouldn't that have been 4 hours ago?
smickles: myess
smickles: heh, no
smickles: this coming midnight
copumpkin: what's wrong with smickles's spelling?
smickles: copumpkin: i do tend to spell somethings incorectly frome time to time.
copumpkin: I see.
assbot: [BTCTC] [RSM] 1 @ 0.00382 BTC [+]
MJR_III: ah i thought it was midnight of the 29th
MJR_III: not midnight of the 30th
MJR_III: no big deal
smickles: MJR_III: um, well, 23:59:59 on the 29th
assbot: [BTCTC] [RSM] 1 @ 0.00382 BTC [+]
assbot: [BTCTC] [RSM] 49 @ 0.00383 = 0.1877 BTC [+]
smickles: that's when the Ts expire, the Ns switch over, and new Ns appear
MJR_III: ah ok
MJR_III: isn't it the same as GMT?
smickles: practically, yes, technically no
smickles: there are actually something like 3 UTCs
MJR_III: oh rly
MJR_III: has anyone seen or read cosmopolis?
smickles: ut0, ut1, ut1r, ut2, ut2r, utc. utc is practically ut1, but the difference is called dut1
assbot: [MPEX] [S.MPOE] 22800 @ 0.00065791 = 15.0003 BTC [-]
assbot: [MPEX] [S.MPOE] 1600 @ 0.00065362 = 1.0458 BTC [-]
MJR_III: are these technical differences?
MJR_III: hold on, i'm off to wikipedia
smickles: MJR_III: "UT1R is a smoothed version of UT1, filtering out periodic variations due to tides. It includes 62 smoothing terms, with periods ranging from 5.6 days to 18.6 years."
smickles: you can look forward to stuff like that
assbot: [HAVELOCK] [HIM] 1 @ 1.9199 BTC [-]
assbot: [HAVELOCK] [HIM] 1 @ 1.92 BTC [+]
assbot: [MPEX] [S.MPOE] 10050 @ 0.00065985 = 6.6315 BTC [+]
assbot: [MPEX] [S.MPOE] 1900 @ 0.00066065 = 1.2552 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00066265 = 3.3133 BTC [+]
ThickAsThieves: BFL is shipping
ThickAsThieves: it seems
ThickAsThieves: i cant pin down the source, but https://twitter.com/BFL_News
ThickAsThieves: and BFL shoutbox is talking with Josh about it now
ThickAsThieves: essentially the power isnt where theyd like
ThickAsThieves: but they are shipping anyway
ThickAsThieves: and tweaking next batch or sumth
splnkr_: ThickAsThieves: u mean electricity consumption isn't what they'd like, or hashrate isn't what they'd like?
ThickAsThieves: elec
ThickAsThieves: they say the prob is not in the chip
splnkr_: oh so maybe it's like a firmware update they're gonna have to send out or something
ThickAsThieves: or a new pcb
ThickAsThieves: or new power supply
ThickAsThieves: etc
ThickAsThieves: cant figure out when they are saying theyll ship these
splnkr_: wow, sooooo fun reading the news in the form of reverse chronological tweets
ThickAsThieves: hehe
splnkr_: good update tho thx ThickAsThieves
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.84998 BTC [-]
arij: reaaally
arij: so hashing speed is on target
assbot: [MPEX] [S.MPOE] 5000 @ 0.00067064 = 3.3532 BTC [+]
assbot: [MPEX] [S.MPOE] 31200 @ 0.00067065 = 20.9243 BTC [+]
arij: power is dobule
arij: double*
ThickAsThieves: is it?
ThickAsThieves: i couldnt find the specs
arij: oh
arij: reading now
ThickAsThieves: "The power is still far less than any other unit, so it's not like it's something crazy or anything, but it's not 1w/GH "
arij: yea
arij: We will ship the purchased hashrate regardless of what it ends up costing us.
arij: ie. ship two singles that do 30gh each
arij: i guess they will have to underclock the chips or something so power isnt to much for the board to handle
ThickAsThieves: so avalon gets 60GHs on 600w
arij: i think im order number 2017..
arij: bfl says worstcase is 195w
ThickAsThieves: 63Ghs avalon*
arij: #2511
ThickAsThieves: and BFL was claiming they were gonna get 60Ghs on 60w?!
arij: im cool with it, i just want my unit
arij: asap
ThickAsThieves: he claims they can do 400 units per day once they start
ThickAsThieves: not sure what a unit is
arij: i would assume
arij: singles
arij: how many singles in a minirig?
ThickAsThieves: so thats about 8000 per month
arij: woo
arij: im within the first 1000
arij: im pretty sure orders started at 1600
Namworld: Thick: BFL has a much smaller nm chips than Avalon/Asicminer I believe
arij: yea they do
Namworld: which comes with highly reduced power usage per hashing
ThickAsThieves: do you think theyll get it down to 60w tho?
arij: no
arij: not on the first run anyways
arij: possibly in the future
ThickAsThieves: i mean in general
arij: yea why not
arij: i would expect some compensation though.. if everyone else gets 60w units and i get sent a 195w unit because i ordered early :/
ThickAsThieves: thats pretty good compensation actually
arij: what is?
arij: some extra speed?
ThickAsThieves: you GET it earlier too ;)
arij: lol
arij: those btc i spent though...
arij: :(
arij: worth a lot now
arij: like i said earlier im cool with it all, ill be happy just to get my asic soon
ThickAsThieves: so whats the napkin math for nethash gained
arij: im not sure
arij: some one did it on the forums.. not sure where that post is though
Chaang-Noi: arji youin the first few orders?
arij: #2511
Chaang-Noi: what was the first asic order?
arij: 1600
arij: and im sure some of those orders in between are expired
Chaang-Noi: oh so you mightn ot get in the first batch then
ThickAsThieves: so maybe say 6800 untis shipped in april, which we'll shave it down to 5000 to subract for BFL derpness
arij: or not paid for
Chaang-Noi: oh hmm
arij: 15min bitpay :p
ThickAsThieves: 408000Ghs
Chaang-Noi: TAT that is not how my maths worked out :/
Chaang-Noi: how did you get that number???
Chaang-Noi: mine was 25 THs ish
Chaang-Noi: not 400
ThickAsThieves: they claim they can ship 400 "units" a day
Chaang-Noi: you know they only have 500 chips right?
ThickAsThieves: i assume more wafers have been bumped by next week no?
Chaang-Noi: well maybe they can, but they will run out of chips before long
Chaang-Noi: that is all of them
Chaang-Noi: they have to then make a new run
ThickAsThieves: they had like 6 wafers on order
Chaang-Noi: they dont have the 5000 now, that was the order size
ThickAsThieves: you know what
Chaang-Noi: yeah, im not sure when they will get them, but they only ahve 5k now
ThickAsThieves: why are these fucking companies so horrible at communications
Chaang-Noi: they dont want to share bad news?
Chaang-Noi: wow back over 90
arij: wait they have 500 chips on hand or 5000 chips
assbot: [MPEX] [S.MPOE] 21150 @ 0.00067065 = 14.1842 BTC [+]
Chaang-Noi: 5k chips in the first batch is what i thought
arij: ok
arij: yea
Chaang-Noi: and 1 chip is like 3 ghs or someting small
arij: im in that first batch :D
Chaang-Noi: it takes like 20 chips to make the 60 ghs thing
arij: are you sure?
arij: i thought it was 8
ThickAsThieves: not 20
Chaang-Noi: might be 8,
ThickAsThieves: i think more like 8
Chaang-Noi: but still some orders are huge...
Chaang-Noi: i kinda expect only under #2000 to get filled, if that
arij: na
Chaang-Noi: i only expect 250 orders to get filled
arij: 250 orders=250 singles?
Chaang-Noi: 250 is an average of 20 chips per order
Chaang-Noi: iknow a guy who ordered 4 of the big ass ones in the first 100 orders
arij: i see
arij: well there is that 1/3 thing to
ThickAsThieves: someone just said BFL has 75k chips for 1st 3 batches
arij: whats inthe first batch
Chaang-Noi: that might be true, but first batch is 5k
arij: or is it 15k
Chaang-Noi: i might be wrong but i understood it to be 5k in the first batch
arij: hmm
Chaang-Noi: should have been 6k but they derped and made it 5k
arij: right
Chaang-Noi: andi heard the bfl staff is taking 105 of first batch to mine with, dont have a cource
Chaang-Noi: source
arij: ok
arij: way to crush my dreams
ThickAsThieves: they have 11 wafers in hand
ThickAsThieves: rest on order
arij: each wafer= how many chips?
arij: please say 5k
ThickAsThieves: 1000
arij: :)
arij: ok
arij: 11k chips
ThickAsThieves: this is all from shoutbox
ThickAsThieves: so unofficial
arij: thats fine
arij: with 11k chips
arij: ill be in the first batch
arij: i know it :)
Chaang-Noi: that is if they ever ship:)
ThickAsThieves: https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post20942
arij: they wil
arij: at this point
taub: oh, and back at 92 we are
arij: they cant keep going
arij: if its all fake
Chaang-Noi: back at 92?
taub: well almost it snapped back to 92 after the big downmove
Chaang-Noi: yeah, that sell off did no harm
ThickAsThieves: this is when the buying started again the past few days
ThickAsThieves: this hour i mean
Chaang-Noi: early in europe
Chaang-Noi: gave my wife 370 btc today, will be fun to see how she does with them
arij: O_O
arij: adopt me
Chaang-Noi: lol are you a hot asian girl?
arij: no :(
Chaang-Noi: sorry:)
assbot: [MPEX] [S.MPOE] 6150 @ 0.00067065 = 4.1245 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.849979 = 8.4998 BTC [-]
Chaang-Noi: i likethat AM price
Chaang-Noi: glad i got more at .7
assbot: [MPEX] [S.MPOE] 5000 @ 0.00067858 = 3.3929 BTC [+]
assbot: [BTCTC] [COGNITIVE] 1 @ 0.13479 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.849979 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.8 = 1.6 BTC [-]
Chaang-Noi: $10 for 46 ghs decent?
assbot: [BTCTC] [BTC-BOND] 41 @ 0.009994 = 0.4098 BTC [+]
arij: where can you get 46gh for $10
Chaang-Noi: fuck i mean mhs
arij: oh
Namworld: Seems expensive
Chaang-Noi: so that is like 1000 then for 46 mhs
Chaang-Noi: i mean ghs
arij: could be worst....
Chaang-Noi: or is ti $10,000 ?>
Namworld: 10 000
arij: nvm
arij: cant be worst
Namworld: 1k x 10$
Namworld: nay?
Chaang-Noi: yeah... but $10,000 for in hand 64 gh/s now ... hmmm
arij: 46...
arij: or 64 ?
arij: you said both
Chaang-Noi: 46, oh man, i need coffee
arij: lol
Chaang-Noi: my minds is all over the place, doingto much at one time
Chaang-Noi: at current difficulty i would break even at 1 month
Chaang-Noi: at 10x that difficutly it would take 10 months
Chaang-Noi: so it seems like a fair price no?
arij: in hand.. like right now?
arij: right right now
Chaang-Noi: like first bfl to ship
Chaang-Noi: btw 92 on btc again
arij: its either 30gh/s or 60gh/s then
arij: i think
Chaang-Noi: its a share of a club
arij: ah
Chaang-Noi: they have like the 15th order and its a big one
arij: it could work.. kind of risky imo
arij: the diff is going to go up fast i think
Chaang-Noi: think the average will be up 1000% or less in the next 10 months?
arij: i dont know
Chaang-Noi: yeah, im going to buy but im not going all in :)
arij: maybe i can get in on it?.. can you make it happen ;)
Chaang-Noi: im buying the olny slot for sale, sorry man
arij: bummer
Chaang-Noi: its an old guy who needs cash now so has to sell it
Chaang-Noi: not old, i mean one of the first guys who ordered like a year ago
arij: kool
ThickAsThieves: ;;goxlag
gribble: 0 seconds
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 90.96000, Best ask: 91.50000, Bid-ask spread: 0.54000, Last trade: 90.96000, 24 hour volume: 158643.07292808, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.24783
Chaang-Noi: toffoo where are they traded if not butfunder?
toffoo: not traded at the moment, like gigavps .. old GLBSE holdover
Chaang-Noi: boo, i cant buy anything lol
toffoo: looking to get long hash bonds right before the difficulty spike?!?
Chaang-Noi: hmmm i forget they are bonds
Chaang-Noi: i thought i was buying into a company
Chaang-Noi: i dont want bonds...
Chaang-Noi: thanks for reminding me before i did something stupid
Chaang-Noi: but even so, at the right price, its good
bgupta: http://www.theatlanticwire.com/business/2013/03/bitcoin-now-billion-dollar-industry/63667/
bgupta: and
bgupta: http://news.cnet.com/8301-1023_3-57576928-93/bitcoin-hits-record-exchange-values-with-cyprus-banking-crisis/
Chaang-Noi: nice
Chaang-Noi: bought my wife a nice blue saphire ring cuz btc went ovber the 1 billion mark yesterday:)
assbot: [MPEX] [S.MPOE] 4050 @ 0.00067858 = 2.7482 BTC [+]
assbot: [MPEX] [S.MPOE] 18600 @ 0.00066551 = 12.3785 BTC [-]
assbot: [MPEX] [S.MPOE] 10089 @ 0.00066265 = 6.6855 BTC [-]
mircea_popescu: gooood mornin'
ThickAsThieves: Mornin!
assbot: [MPEX] [S.DICE] 1373 @ 0.00375993 = 5.1624 BTC [-]
mircea_popescu: http://hat4uk.wordpress.com/2013/03/29/smoke-signals-special-eurogroup-will-stop-capital-flight-now/
mircea_popescu: this is pretty interesting, the santander stuff.
mircea_popescu: ’1 b) Your Money
mircea_popescu: Any money held for you in an account with Santander UK plc will be held in its capacity as a bank and not as a trustee. In accordance with FSA requirements we areobliged to notify you that the client money rules on money do notapply to a Banking Consolidation Directive (BCD) in relation to deposits within the meaning of the BCD held by that institution. As a result, the money will not be held within the client money r
mircea_popescu: ules of the FSA.’
assbot: [BTCTC] [GSDPT] 16 @ 0.004 = 0.064 BTC [-]
Namworld: ok... this whole thing is getting ridiculous...
ThickAsThieves: a little over my head, out of my country, but are they simply saying "fyi, your money ain't really safe"
mircea_popescu: that's one word for it.
mircea_popescu: ThickAsThieves pretty much.
mircea_popescu: the euro is coming undone.
ThickAsThieves: were you against the euro/zone concept?
mircea_popescu: nope
ThickAsThieves: i thought it was a neat idea, but didnt really follow the details at all
ThickAsThieves: shit certainly seems to hitting the fan though
mircea_popescu: i thought it was pretty much a sensible move, back then
ThickAsThieves: what would happen if bitcoin really became a MAJOR safe haven for money in a short time, and then somehow, all bitcoins disappeared and/or the blockchain became irreparablely corrupted? I guess fiat would skyrocket in value?
mircea_popescu: nah
mircea_popescu: see, thing is : bitcoin's value was pretty huge compared to fiat (all fiat together)
mircea_popescu: consequently, as fiat's shortcomings become apparent bitcoin's *price* skyrockets.
mircea_popescu: conversely, fiat has absolutely no value. consequently, as bitcoin's shortcomings bercome apparent there's nothing pushing the price up.
mircea_popescu: obviously if you stick to valuing things in bitcoin they'll increase apparently, but only because bitcoin itself is going down
ThickAsThieves: and if bitcoin disappeared and zapped billions in $ away?
mircea_popescu: there'd be a lot of depression.
mircea_popescu: people like me, who are currently productively employed, would jsut go fuck this and retire to private life
mircea_popescu: on the net this'll make for some sexually satisfied women and a general slowdown of economic activity.
ThickAsThieves: and fiat holders saying nya nya told you so
mircea_popescu: ya but who cares about that ?
ThickAsThieves: just bring it home to my first statement
ThickAsThieves: bringing
ThickAsThieves: " I guess fiat would skyrocket in value?"
mircea_popescu: it's like the chickens on the conveyor belt telling the chickens attempting to escape that "they can't"
mircea_popescu: and then going nya nya. dude... you're STILL on the conveyor belt
mircea_popescu: see you at kfc.
ThickAsThieves: hehe
ThickAsThieves: it's an interesting notion if you think of bitcoin as an ultimate anarchistic plot to reset the economy
ThickAsThieves: get em all in
ThickAsThieves: hit reset
ThickAsThieves: now let's begin
mircea_popescu: i don't think how it really works tho.
mircea_popescu: i mean... this makes for good action flicks, because a rule of storytelling is to concentrate attention
ThickAsThieves: probly not
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1074 BTC [-]
mircea_popescu: and a big red button does that well.
mircea_popescu: however, it's not how reality works.
ThickAsThieves: thats is indeed how i pictured it
ThickAsThieves: as a movie plot
ThickAsThieves: people do love the fantasy of living in post-apocalyptic situations
mircea_popescu: yeah, as a fantasy im sure its great.
mircea_popescu: if they indeed wanted to do it tho, they'd have went to haiti after the quake
Namworld: Well after a month of good trades, it's time for me to go. I'll be retiring for the weekend to visit family as well as friends.
mircea_popescu: to tokyo after the tsunami
mircea_popescu: and in general, plenty of places to go nobody's going
ThickAsThieves: hf Nam
Namworld: Goodbye!
mircea_popescu: laters
ThickAsThieves: i think the fantasy isnt the same as that tho
ThickAsThieves: it's more of being a wayfarer in an unknown world
mircea_popescu: that ideally has internet for your ipad.
ThickAsThieves: hehe
mircea_popescu: they don;'t dop that, either.
mircea_popescu: look at people like tiberiusiv, ranting about how bad the world is. there's about one million towns on the globe nobody's heard of
mircea_popescu: and yet very few people are wayfaring.
ThickAsThieves: tahts what i was just gonna say
mircea_popescu: i met a few when i was doing that myself, so it's certainly not "nobody"
ThickAsThieves: dont need apocalypse
ThickAsThieves: just move to asia
mircea_popescu: but it IS a superminority.
ThickAsThieves: without preparing
ThickAsThieves: or such
assbot: [MPEX] [S.MPOE] 1163 @ 0.00067486 = 0.7849 BTC [-]
assbot: [MPEX] [S.MPOE] 28814 @ 0.00066629 = 19.1985 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.848 BTC [-]
pizzaman1337: hey guys, you want to hear a joke?
pizzaman1337: banks
pizzaman1337: ha
mircea_popescu: lol
Chaang-Noi: lol
Chaang-Noi: http://www.classiccarclubphuket.com/JoeSales/Porsche997Turbo.html why the fuck is this care being sold at $350,000 usd?
Chaang-Noi: its like a $70k at best ?
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00411 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 20 @ 0.0041 = 0.082 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 84 @ 0.00405 = 0.3402 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 25 @ 0.004 = 0.1 BTC [-]
Chaang-Noi: weekend dip starting early?
jurov: Chaang-Noi: wat? you expect second round?
assbot: [MPEX] [S.MPOE] 8100 @ 0.00067582 = 5.4741 BTC [+]
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.97000, Best ask: 89.00000, Bid-ask spread: 0.03000, Last trade: 89.00000, 24 hour volume: 150244.81237909, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73526
assbot: [MPEX] [S.MPOE] 7383 @ 0.00066629 = 4.9192 BTC [-]
Chaang-Noi: jurov i think some day traders are getting out of it for the long weekend
Chaang-Noi: i think it will be bumpy
Chaang-Noi: i kinda expect next tuesday to smash the 100 assuming we dont massivly correct before then
Chaang-Noi: but really, its just guesses
jurov: ;;bc,stats
gribble: Current Blocks: 228588 | Current Difficulty: 6695826.282596251 | Next Difficulty At Block: 229823 | Next Difficulty In: 1235 blocks | Next Difficulty In About: 6 days, 19 hours, 45 minutes, and 24 seconds | Next Difficulty Estimate: 7174798.69072 | Estimated Percent Change: 7.1533
mircea_popescu: so basically you expect it to go up unless it goes down ?
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.847 BTC [-]
jurov: it also depends how many unexercised mpoe calls are there..having potential to flood market with cash
jurov: toonight
mircea_popescu: i keep being the bad news of the rally ;/
jurov: haha now i seriously consider to pay deprived to make me such analysis
Chaang-Noi: mp i kind think it will go up after it goes down, as long as the down is not too far down
jurov: oh noes, tibby. getting afk to prevent another wasted afternoon xD
Chaang-Noi: if we go under 75 who knowz
mircea_popescu: yeah... it just sounds funny
assbot: [MPEX] [S.MPOE] 3900 @ 0.00067582 = 2.6357 BTC [+]
mircea_popescu: truth of the matter is nobody has a fucking clue where we're headed.
mircea_popescu: which is exciting, i grant you that.
Chaang-Noi: yeah, i said i was guessing, just what my gut tells me what will happen :/
Chaang-Noi: it is more often than not correct (assuming im not trading)
Chaang-Noi: tiberslav!
Chaang-Noi: howz my fav nigerian?
bitesak: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.81000, Best ask: 89.70000, Bid-ask spread: 0.89000, Last trade: 89.80000, 24 hour volume: 154276.06858765, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73206
thestringpuller: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.0006 / 0.00065732 / 0.00068166 (466403 shares, 306.58 BTC), 7D: 0.0006 / 0.00066258 / 0.00071369 (2014556 shares, 1,334.81 BTC), 30D: 0.0006 / 0.00073358 / 0.00078628 (17129444 shares, 12,565.98 BTC)
assbot: [MPEX] [S.MPOE] 6550 @ 0.00067705 = 4.4347 BTC [+]
assbot: [MPEX] [S.MPOE] 16299 @ 0.00066629 = 10.8599 BTC [-]
assbot: [MPEX] [S.MPOE] 5300 @ 0.00066291 = 3.5134 BTC [-]
assbot: [MPEX] [S.MPOE] 5370 @ 0.00066265 = 3.5584 BTC [-]
thestringpuller: nice
assbot: [BTCTC] [B.YABMC] 1 @ 0.0075 BTC [+]
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.90001, Best ask: 88.91605, Bid-ask spread: 0.01604, Last trade: 88.90001, 24 hour volume: 154552.79615475, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73328
thestringpuller: !ticker h him
assbot: [HAVELOCK:HIM] 1D: 1.80000000 / 1.88799 / 1.92000000 (10 shares, 18.87990000 BTC), 7D: 1.41000000 / 1.72409607 / 2.00000000 (178 shares, 306.88910091 BTC), 30D: 1.40000000 / 1.86591584 / 17.25000000 (704 shares, 1313.60475269 BTC)
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 9 hours, 36 minutes, and 14 seconds ago: <smickles> you can look forward to stuff like that
mircea_popescu: https://bitcointalk.org/index.php?topic=101902.msg1698822#msg1698822
mircea_popescu: kinda interesting conversation going.
assbot: [HAVELOCK] [SDICE] 10 @ 0.4599999 = 4.6 BTC [-]
ThickAsThieves: that guy is saying what we're all thinking
ThickAsThieves: would be nice if evoorhees, yknow, grew his business
assbot: [MPEX] [S.DICE] 4098 @ 0.00419993 = 17.2113 BTC [+]
assbot: [MPEX] [S.DICE] 1202 @ 0.00419995 = 5.0483 BTC [+]
ThickAsThieves: http://www.pcworld.com/article/2032420/major-bitcoin-exchange-slammed-with-denial-of-service-attack-as-the-currency-surges.html
mircea_popescu: lol
mircea_popescu: they didn't cover mpex being ddosed
mircea_popescu: they are covering mtgox.
mircea_popescu: i guess it's difficult to figure out what's important as a journalist.
Chaang-Noi: that is what the said about eminum
jcpham: http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.8 = 8 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.795 BTC [-]
assbot: [BTCTC] [CRYPTO-TRADE] 14 @ 0.19997 = 2.7996 BTC [+]
thestringpuller: mircea_popescu is romanian, he cant rap
mircea_popescu: i can rap yo!
jcpham: http://youtu.be/OMAI-OIxLPo
mircea_popescu: let me show you romanians raping
jcpham: no rape
jcpham: just say no to rape mircea_popescu
assbot: [BTCTC] [CRYPTO-TRADE] 50 @ 0.2 = 10 BTC [+]
mircea_popescu: http://www.youtube.com/watch?v=I-yc10V8hB4
mircea_popescu: is rape like electronic rap ?
ThickAsThieves: e-rap
ThickAsThieves: hehe
ThickAsThieves: the beat os okay so far
ThickAsThieves: is
ThickAsThieves: meh rapper sucks
Chaang-Noi: nachos not hot enough, beer not cold enough.. grr
mircea_popescu: this is like, romania's #1 (and pretty much only) rap band
mircea_popescu: they've been going since 1992
mircea_popescu: in other words, i recall them since they were wee famished tykes.
thestringpuller: ;;ticker
ThickAsThieves: here's some cool rap http://www.youtube.com/watch?v=6lIqNjC1RKU
gribble: BTCUSD ticker | Best bid: 89.70000, Best ask: 90.20000, Bid-ask spread: 0.50000, Last trade: 89.70000, 24 hour volume: 155011.66271357, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.70834
mircea_popescu: http://trilema.com/2010/piinea-amara-a-baietasilor-de-cartier/ << that's an old pic from like 1992, back when we were all young
mircea_popescu: and they were all poor.
assbot: [MPEX] [S.MPOE] 18939 @ 0.00068158 = 12.9084 BTC [+]
jcpham: i knew mircea_popescu had a gangster phase
error4733: !last h vtx
assbot: Last trade for VTX on HAVELOCK was at 0.479 BTC [+]
error4733: !last m s.dice
assbot: Last trade for S.DICE on MPEX was at 0.00419995 BTC [+]
error4733: ;;ticker m s.dice
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)
error4733: fuuu
assbot: [HAVELOCK] [SDICE] 10 @ 0.459999 = 4.6 BTC [-]
error4733: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00375993 / 0.00408901 / 0.00419995 (19973 shares, 81.67 BTC), 7D: 0.0031 / 0.00338263 / 0.0045 (663485 shares, 2,244.33 BTC), 30D: 0.00300001 / 0.00454143 / 0.0063799 (1701047 shares, 7,725.20 BTC)
Chaang-Noi: lol at turtle down the stairs
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.02000, Best ask: 88.89000, Bid-ask spread: 0.87000, Last trade: 88.00800, 24 hour volume: 156726.97399353, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.66077
ThickAsThieves: http://www.aljazeera.com/news/asia-pacific/2013/03/2013328222926559483.html
ThickAsThieves: it's like something out of cartoon, fat spoiled boy leader wants to fight
ThickAsThieves: how long before first shot fired you think?
ThickAsThieves: http://news.bbcimg.co.uk/media/images/59119000/jpg/_59119706_north_korea_ranges_2.jpg
OneMiner: I don't think it's going to happen. It's just too stupid for reality.
ThickAsThieves: i think you underestimate the stupid in a boy leader
OneMiner: Perhaps.
ThickAsThieves: this picture is surreal http://www.bbc.co.uk/news/world-asia-21974381
OneMiner: But even the, it's not stupidity we are talking about. That would fall under madness.
OneMiner: *then*
assbot: [HAVELOCK] [SDICE] 2 @ 0.465 = 0.93 BTC [+]
ThickAsThieves: ignorance, inexperience, bravado, what have you, the boy will seek a spanking
assbot: [BTCTC] [BTC-TRADING-PT] 9 @ 0.09055 = 0.815 BTC [-]
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.09 BTC [-]
OneMiner: It could be a good fight if it happened. That ruling family seems to be worse than all that BS in Iraq.
thestringpuller: ;;goxlag
gribble: 4.665253 seconds
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.20001, Best ask: 88.60228, Bid-ask spread: 0.40227, Last trade: 88.60228, 24 hour volume: 156712.79134942, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.64491
thestringpuller: !ticker m S.MPOE
assbot: [MPEX:S.MPOE] 1D: 0.0006 / 0.00065885 / 0.00068166 (518861 shares, 341.85 BTC), 7D: 0.0006 / 0.00066283 / 0.00071369 (2067014 shares, 1,370.08 BTC), 30D: 0.0006 / 0.0007334 / 0.00078628 (17181902 shares, 12,601.26 BTC)
ThickAsThieves: http://www.buzzfeed.com/daves4/undeniable-proof-that-the-walking-dead-and-toy-story-have-th
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.78 = 2.34 BTC [-]
mircea_popescu: OneMiner nothing ever is too stupid for reality.
mircea_popescu: falklands comes to mind.
Diablo-D3: no, falklands really is too stupid for reality
OneMiner: That was a supprise attack. They thought they had time. They could have walked back or negotiated. But Brittish attack craft had longer range than they thought.
mircea_popescu: the brits nearly got sunk as a 1st world military power, are you kidding me ?
mircea_popescu: nobody walked out of that.
mircea_popescu: everyone crawled out
Chaang-Noi: england first world?
OneMiner: Everybody knows that the US will bomb the poop out of just about anybody. Also the US is allied with like, half the world.
Chaang-Noi: i guess maybe by european standards :/
Diablo-D3: did he just say england is a first world country?
Diablo-D3: lol
Diablo-D3: that aint no dare first world country
Chaang-Noi: and their military? lol
Chaang-Noi: even the germans do better
OneMiner: The Germans do *everything* better. j/k
mircea_popescu: german chocolate sucks
ThickAsThieves: ;;nethash
gribble: 54791.9922646
ThickAsThieves: its back
Diablo-D3: https://bitcointalk.org/index.php?topic=77198.msg1697445#msg1697445
OneMiner: Black Forest cake is great.
ThickAsThieves: ;;estimate
gribble: Next difficulty estimate | 7232519.52401 based on data since last change | 7654236.09946 based on data for last three days
mircea_popescu: https://bitcointalk.org/index.php?topic=153138.0;all
mircea_popescu: this shit's so funny
OneMiner: Diablo-D3 drinks only distilled water, or rainwater, and only pure-grain alcohol.
mircea_popescu: https://bitcointalk.org/index.php?topic=153138.msg1698753#msg1698753 << there you go copumpkin. your fractional shares!
Diablo-D3: dont drink alchohol either
OneMiner: No getting tipsy? Huff glue?
OneMiner: j/k!
mircea_popescu: so bfl forum is down
mircea_popescu: https://twitter.com/BFL_News independent twitter stream doesn't look promising.
mircea_popescu: bfl's "your good friend tom with blood sweat and tears" moment ?
OneMiner: Seen this? https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post20942
OneMiner: That looks like it's up for me.
OneMiner: I'll pastebin it if you want.
bowjob: delay
mircea_popescu: a now it loaded
assbot: [BTCTC] [BASIC-MINING] 5 @ 0.369999 = 1.85 BTC [-]
mircea_popescu: "If you'd rather have your units shipped regardless of increased power usage, we will still guarantee your hashrate by shipping you however many units are required to achieve your purchased hashrate."
mircea_popescu: hm
mircea_popescu: there's something i don't understand here.
mircea_popescu: they took pre-orders. then they made units.
OneMiner: Ya, sounds like their chips are crap compared to their claims.
mircea_popescu: now they have to throtle units... and yet they can still deliver the same hash ?
mircea_popescu: how does the math of this work ?
mircea_popescu: you order 100 cows from me. i discover the cows i have only carry one teat
bowjob: blck magic
mircea_popescu: but i tell you if you want 400 teats with your 100 cows i'll send you 400 cows
mircea_popescu: well... where do i have 400 cows from ?!
bowjob: a wizard did it
mircea_popescu: ic
OneMiner: No, they are saying that they get worse H/j now and you can wait for the claimed H/j revised unit.
mircea_popescu: OneMiner but they ALSO say that if you want delivery now they will deliver your hash
mircea_popescu: with throttled units.
Diablo-D3: heh wouldnt that be interesting
OneMiner: At a higher power consumption per hash. Yes, that's how I read it too.
Diablo-D3: sell intentionally throttled units
mircea_popescu: right but where from ?
Diablo-D3: and then keep selling the same units over and over
mircea_popescu: they sold 500 units at 80 gh say
Diablo-D3: just changing the firmware out with one that clocks it higher
mircea_popescu: now they can only deliver 40 gh
mircea_popescu: but they will deliver 1000 units to conserve hash
mircea_popescu: well... where's the other units come from
gwillen: mircea_popescu: I don't understand your question
gwillen: mircea_popescu: they are manufacturing them
bugpowderr: They reduce the number of chips per unit
gwillen: mircea_popescu: they didn't like, manufacture 1000 and then stop
bugpowderr: and ship more units
gwillen: mircea_popescu: they will be forced to manufacture more units than they thought
mircea_popescu: gwillen but they DID manufacture a finite amount
OneMiner: It's not a money maker. They send more units to fill one order. They screwed up the chips or the board.
mircea_popescu: if we go with the theory that they're not just halucianting the entire episode.
bugpowderr: I imagine the chips are the limiting factor
gwillen: mircea_popescu: they do not currently have anywhere near the number of chips required to fulfill all preorders
bugpowderr: each box can only supply 120W
gwillen: mircea_popescu: they are still making more
mircea_popescu: hm
mircea_popescu: with what money are they making more ?
gwillen: mircea_popescu: this just means they will fulfill fewer than we thought
Chaang-Noi: even though i now have bought a bfl 60 ghs i think this mess is lulz
gwillen: mircea_popescu: errr, with the fucktons and fucktons of preorder money?
mircea_popescu: ...
mircea_popescu: either i'm the only one with a calculator on my os or else wtf is going on here.
bugpowderr: ponzi
OneMiner: mircea_popescu People sent them (and are still sending them) bajillions of bitcoins. If they kept any that's where the money comes from.
gwillen: mircea_popescu: I don't know what you're calculating from
Chaang-Noi: getting one of the first shipped, even at 40 ghs will still be hella good
mircea_popescu: OneMiner my intel says people sent them a lot of btc back when, and that people have not been sending more
gwillen: mircea_popescu: unless you have inside knowledge about BFL's costs that you should share with the rest of us
mircea_popescu: and moreover that people have on the net been cancelling
mircea_popescu: but that's irrelevant.
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.70001, Best ask: 88.97000, Bid-ask spread: 0.26999, Last trade: 88.99000, 24 hour volume: 156606.63389529, 24 hour low: 75.00111, 24 hour high: 94.75000, 24 hour vwap: 86.60949
mircea_popescu: from whatever i can foggily remember about managing ops, if you start a project to do X and you do X/2
mircea_popescu: you can't just make another X
OneMiner: mircea_popescu Hence their scramble I guess. But they made the chips one way or the other so the large initial expense is done with. It will likely cost them less to produce a revised board.
Chaang-Noi: they did with fpga
mircea_popescu: OneMiner ok, it will cost less. this i agree
mircea_popescu: but it will cost SOMETHING
OneMiner: I agree.
gwillen: mircea_popescu: ok, show us your math that says they already spent all the money, then
mircea_popescu: you can't just go "we're doing X item with Y resources"
mircea_popescu: then later "well now we're doing 2X really"
mircea_popescu: gwillen more importantly than the money, they will have to get people to pre-order 2nd batch units
mircea_popescu: to use that money to complete 1st batch.
mircea_popescu: much like everyone else i guess, but anyway, still pretty fucking fraudulent.
Chaang-Noi: bfl is so shady, its lol
assbot: [HAVELOCK] [HIM] 4 @ 1.81 = 7.24 BTC [-]
mircea_popescu: i mean this is literally what a ponzi is ;
mircea_popescu: get people to put up equity (which you call pre-orders) to deliver benefits to ppl who put up equity earlier
gwillen: mircea_popescu: as far as I know they are not dividing anything into batches, they are just taking preorders continuously
mircea_popescu: gwillen this isn't about bfl fantasy-labeling of real world items
mircea_popescu: this is about the underlying reality.
mircea_popescu: there's no flux-process chip making
mircea_popescu: chips are made in batches.
gwillen: well, they were talking about an order of like 6 wafers
gwillen: which is nowhere near enough for all the preorders that existed even at the time they said it
gwillen: so clearly there are going to be more
gwillen: fuck if I know how many more they ordered
mircea_popescu: moreover, fo the 6 they burned one, so 5.
assbot: [HAVELOCK] [HIM] 3 @ 1.8 = 5.4 BTC [-]
assbot: [HAVELOCK] [HIM] 4 @ 1.8 = 7.2 BTC [-]
mircea_popescu: and of the 5 they're not really getting 100%, and the chips dont work to spec.
mircea_popescu: so... 3 ?
bugpowderr: BFL is totally fucked
bugpowderr: bottom line
bugpowderr: their business model is broken
mircea_popescu: i can't see a future where they dig themselves out of the hole.
bugpowderr: they tried to assemble the plane from parts after they jumped off the cliff
bugpowderr: and the ground is coming up fast
mircea_popescu: bugpowderr ya but it was a plastic model and they had no glue.
bugpowderr: and the parts dont work
bugpowderr: yeah
bugpowderr: they are totally fucked
mircea_popescu: somebody brought me whole hazelnuts
mircea_popescu: i have been using various items on my desk to crack them
thestringpuller: bugpowderr: what is your next bet?
mircea_popescu: people keep wandering in concerned to see wtf am i thrashing into the ground
bugpowderr: I am just going to sit tight for a while
assbot: [BTCTC] [B.YABMC] 1 @ 0.00701 BTC [-]
bugpowderr: Let those coins season till the next great opportunity comes
bugpowderr: shorting BFL would be wonderful though
mircea_popescu: bugpowderr they're aptly not listed
OneMiner: The truth of the matter is they ether didn't know what they were talking about or were lying about their time table and now it turns out that the same goes for their chip and board production. They are EITHER (choose one) lying or incompetent.
bugpowderr: yep
mircea_popescu: OneMiner im totally seeing a replay of tom's basic here tbh.
OneMiner: Maybe a bit of both.....
OneMiner: Tom's basic? Is Tom the guy that was doing bASIC?
bugpowderr: thank god their are other semi-competent manufacturers. I think bitcoin won't actually be much affected by it
mircea_popescu: yes.
mircea_popescu: bugpowderr i dunno about that. the only ppl to demonstrate asic hashing are both chinese
OneMiner: I see. Ok, I can agree with that then. It's lol if it wasn't so destructive.
mircea_popescu: the only people to demonstrate fuckuppery of incredible level are both american
mircea_popescu: this pattern is starting to worry.
pgp: dumb question, but with the recent explosion in the network hash rate doesn't being forced to wait for bfl's product make it less valuable by the time you actually recieve it? Or does the rise of USD/BTC from the time of preorder to delivery make up for that? or is it a wash?
mircea_popescu: o, and all europe has contributed to date is scams
bugpowderr: there is a reason APPLE is assembled in china
mircea_popescu: (the german folks recently, the primeasic earlier etc)
mircea_popescu: pgp it does make it less valuable yes
bugpowderr: exchange rate could rise in the future
OneMiner: pgp You're on the right track but it's up to you to decide.
bugpowderr: you will never make up for the missing coins from the lost opportunity
pgp: are the allowing people to cancel and are they returning BTC?
mircea_popescu: pgp btc equiv of the fiat value of the btc sent at the time it was sent
mircea_popescu: 90% haircut.
pgp: lol
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.8 = 4.8 BTC [+]
mircea_popescu: in fairness there's plenty of good reason for that, as in, they're supposedly paying ppl in fiat.
mircea_popescu: but anyway, a bad deal.
gwillen: pgp: if you bought with dollars you weren't otherwise going to use to buy BTC, I think you get pretty much a wash
gwillen: pgp: if you bought with BTC or with dollars you would have put into BTC, I think you lose
gwillen: because the increase in price does not correspond to an increase in USD output, because there's a corresponding increase in difficulty.
thestringpuller: bugpowderr: do you still think MPOEbot is at a loss?
bugpowderr: yes
bugpowderr: I don't think the puts I bought yesterday are going to make up the difference :)
pgp: any decent resources on the web that discusses GH/s NPV (net present value) and associated variables?
bugpowderr: but I don't know
bugpowderr: we will find out tonight!
bugpowderr: nice bounce in the price already though
bugpowderr: (S.MPOE)
OneMiner: Anybody selling a small amount of ASICMINER?
thestringpuller: i am so excited!!!!!
mircea_popescu: pgp not really.
bugpowderr: by general rule is buy S.MPOE whenever it touches .0006
bugpowderr: my
gwillen: pgp: I'd be interested in seeing such an analysis if you found or made one
Chaang-Noi: im a goat, and im on a motherfucking boat!
mircea_popescu: yah what gwillen said. i gather you're competent enough, go make one pgp
mircea_popescu: we'll tear it apart and laugh at you, but
mircea_popescu: it'll be invaluable for your education.
bugpowderr: I think there is a website blog that does a pretty in depth analysis of the various miners
bugpowderr: and projected profit
mircea_popescu: bugpowderr i remember one that sucked ass.
bugpowderr: its on reddit every once in a while
bugpowderr: lots of plots
mircea_popescu: buncha broken graphs
bugpowderr: yeah
mircea_popescu: o yeah. that.
bugpowderr: too many plots
bugpowderr: I never really read it carefully
mircea_popescu: anyway, the guy made retarded, miner-biased assumptions
bugpowderr: yeah
bugpowderr: curse of the assumptions
mircea_popescu: people gotta learn somehow that lipsticked pig is not useful
bugpowderr: too many knobs, lets pick a value we like
mircea_popescu: exactly
mircea_popescu: this should be taught in hs. "too many knobs ? always pick a value you can't stand"
assbot: [MPEX] [S.DICE] 2440 @ 0.00419995 = 10.2479 BTC [+]
ThickAsThieves: i think all the BFL theorizing is based on old numbers. People were saying in BFL shoutbox last night that there are many more than 6 wafers
ThickAsThieves: also
ThickAsThieves: BFL is claiming they will fix the issue as they start shoipping
ThickAsThieves: so their loss in havbing to send more units to meet obligations,
ThickAsThieves: may be minimal
ThickAsThieves: if they actually fix the problem
ThickAsThieves: they claim the problem is not with the chips themselves
ThickAsThieves: but eslewhere in the design
ThickAsThieves: this is all, of course, impossible to prove
mircea_popescu: yea
mircea_popescu: meanwhile
mircea_popescu: brazil exchange hacked.
mircea_popescu: looks grim
mircea_popescu: http://pastebin.com/PZfuZM3X
Chaang-Noi: what do you think the price of the first 60 ghs to ship would be? if sold on the market?
Chaang-Noi: lol mp i cant read that
Chaang-Noi: i did not even know they had an exchange
OneMiner: It's possible they have finalized a small amount of their boards on order. So changes to future boards would be of minimal cost. Like higher quality VRMs or something.
mircea_popescu: O Mercado Bitcoin sofreu um ataque, que infelizmente foi bem sucedido, em sua implementação de redeem code. Devido à um erro de codificação, foi possível ao atacante gerar novos códigos de crédito, sem que o valor fosse devidamente debitado em seu saldo final. Conseguindo assim, gerar um montante falso de bitcoins dentro do sistema e resgatá-lo em tempo hábil, durante a madrugada.
mircea_popescu: that says their redeem codes were broken and leaked equity.
Chaang-Noi: hmm
Chaang-Noi: they should have known better than to use codes...
pgp: basic factors would include cost per GH/s for hardware, current network hash rate,growth assumptions in overall network hash rate, cost of electricity, lag time from laying out cash per GH/s and actually getting it working product. And some sort of time value of money discount factor for future cash flows. Am I missing anything?
Chaang-Noi: anyone want to buy the first bfl asic everordered?
Chaang-Noi: asking 150 btc
assbot: [BTCTC] [BTC-BOND] 10 @ 0.009994 = 0.0999 BTC [-]
assbot: [BTCTC] [BTC-BOND] 4 @ 0.009994 = 0.04 BTC [-]
bugpowderr: I wonder how Teramining is coming along
Chaang-Noi: what is that?
MJR_III: crazy news huh
mircea_popescu: http://trilema.com/2013/and-another-one-bites-the-dust-mercado-bitcoin/
Ukto: what news?
Ukto: oh, never even heard of them
MJR_III: pgp: also...current btc/usd exchange rate and expected btc/usd exchange rate
MJR_III: i feel like that is what most miners forget about
MJR_III: in their break even calculations
ThickAsThieves: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.00000, Best ask: 88.29000, Bid-ask spread: 0.29000, Last trade: 88.29000, 24 hour volume: 156455.07758322, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.54041
MJR_III: if you are going to mine, you should be bullish on bitcoins i think
MJR_III: ;;bc,24hprc
gribble: 86.68
mircea_popescu: MJR_III or hedge
MJR_III: ;;calc (86.68-41)/86.68
gribble: 0.526995846793
MJR_III: mircea_popescu: yeah...or hedge
pgp: I think you start first with a constant BTC USD model...
MJR_III: but if i am calculating my break even using todays prices as most mining calculators do...
MJR_III: then it doesn't appear to be worth it, but if i expected it to hit 100...that could make it profitable
ThickAsThieves: calculating mining profits anything more than 1 week out is voodoo anyway
MJR_III: yeah
OneMiner: MJR_III If you are that close to the line then you should probably just buy coins with your hardware and power costs. You'll end up with much more.
MJR_III: but i think most people worry about future difficulty all the time
MJR_III: but don't think of the other side of the coin...which is mining fewer coins is fine if they are each worth more
Chaang-Noi: http://images.search.yahoo.com/images/view;_ylt=A2KJkCGyuVVRDiwAfjKJzbkF;_ylu=X3oDMTBlMTQ4cGxyBHNlYwNzcgRzbGsDaW1n?back=http%3A%2F%2Fimages.search.yahoo.com%2Fsearch%2Fimages%3Fp%3Dlotus%2Bcar%26fr%3Dsfp%26fr2%3Dpiv-web%26tab%3Dorganic%26ri%3D109&w=1600&h=1200&imgurl=www.autocarsight.com%2Fwp-content%2Fuploads%2F2011%2F10%2F2012-Lotus-Exige-S.jpg&rurl=http%3A%2F%2Fwww.autocarsight.com%2Ftag%2Flotus-exige-s&size=320.2+KB&name=2012+Lotus+Exige+S+Spec
Chaang-Noi: s+and+Review&p=lotus+car&oid=0cb0ab46c07e25b28f10b5ae7f1d4ff1&fr2=piv-web&fr=sfp&tt=2012%2BLotus%2BExige%2BS%2BSpecs%2Band%2BReview&b=91&ni=114&no=109&ts=&tab=organic&sigr=11dgs3a7r&sigb=12uq2h7eh&sigi=126g0sakn&.crumb=S4mQTrSc6lC
MJR_III: CPU mining might be profitable if you have a long enough timeline
MJR_III: and are very bullish
Chaang-Noi: that link! anyway, should i get it?> lotus exige s?
MJR_III: obviously it is somewhat speculative
OneMiner: lol Chaang-Noi, obviously. :P
Chaang-Noi: wife says no
Chaang-Noi: but im not sure im going to listen
Chaang-Noi: it will just show up one day...
Chaang-Noi: claim i dont know how it got there...
OneMiner: hahaha
Chaang-Noi: :)
bugpowderr: get a go kart
OneMiner: How about an old civic or something, tub it out and take it to the track. Then you just need a tow vehicle. <----- that's my vision except with a miata.
Chaang-Noi: taxes in thailand on cars liek this are no joke like 500% to 700% or more...
bugpowderr: its about as pratical as an exige
arij: luxury tax?
Chaang-Noi: i sadly cant get one here, ill have to leave it in the usa
Chaang-Noi: they taxes these cars like crazy, yeah luxury tax
Chaang-Noi: more or less fair as there are no other real taxes
Chaang-Noi: honestly i think i would just move first
assbot: [MPEX] [S.MPOE] 29000 @ 0.00068158 = 19.7658 BTC [+]
OneMiner: Yes, in that case move first. Less complicated.
Chaang-Noi: yeah :/ unless btc goes to 5,000 then im getting 4...
thestringpuller: bugpowderr: do you still think MPOEbot is at a loss?
thestringpuller: how did that happen
thestringpuller: oops sorry
thestringpuller: disregard
Chaang-Noi: :) i still think its a loss:)
Chaang-Noi: just a guess
thestringpuller: the price was manipulated yesterday...
thestringpuller: the bot sucked up a lot of calls
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.23100, Best ask: 89.00000, Bid-ask spread: 0.76900, Last trade: 89.00000, 24 hour volume: 156779.61814498, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.53906
Chaang-Noi: :)
Chaang-Noi: convient time to "dump" for some
bowjob: mhm btc 100 by april 1st
bowjob: yay or nay
OneMiner: lol 4 loti hahaha
Chaang-Noi: if btc = 5k i will do it!
OneMiner: 5k would put me in a sweet spot. I couldn't complain about that.
OneMiner: That's a reset button. School and a living standard bump.
Chaang-Noi: yeah btc at 5k i could do 4 loti in thailand with no problem
ThickAsThieves: all this i'm so rich talk is bad juju
Chaang-Noi: lol, its the top of a bubbler
MJR_III: josh bft is trying to beat the bitbet date
thestringpuller: people are getting rich ThickAsThieves are you not
Chaang-Noi: we wont hit 5k until we correct
thestringpuller: ?*
Chaang-Noi: btc went from 2 to 90 in like a year, or like x45
Chaang-Noi: 90 x 45 is like 4k so like one yearish right?
ThickAsThieves: i did my bragging last night
Chaang-Noi: :)
ThickAsThieves: but i'm still not satisfied
thestringpuller: ADD GOOD JUJU to the mix
OneMiner: Ya, the price increase is crazy.
thestringpuller: invest invest invest
thestringpuller: drive the boom, don't be like a dotcom boom
Chaang-Noi: just wait until normal people invest in btc
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.37 BTC [+]
OneMiner: You know what's crazy good news? I think the US money laundering news is great. It's step one to establishing bitcoin in US society.
thestringpuller: I think as old money enters the btc economy, due to lack of regulation people like mircea_popescu will take their money pretty quickly
thestringpuller: people inside trade hardcore here...
assbot: [BTCTC] [ASICMINER-PT] 110 @ 0.775 = 85.25 BTC [-]
Chaang-Noi: well gents, tomorrow i gotz to travel so im off to bed, call me if we get close to 100
Chaang-Noi: holy shit 110 lol
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.77001 = 2.31 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 29 @ 0.77 = 22.33 BTC [-]
assbot: [MPEX] [S.MPOE] 8941 @ 0.00068158 = 6.094 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.76 = 3.8 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.75801 = 7.5801 BTC [-]
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 89.48500, Best ask: 89.50000, Bid-ask spread: 0.01500, Last trade: 89.50000, 24 hour volume: 156731.60658333, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.52536
bitesak: not mainstream, but started downloading Cliff's halfpasthuman.com wujo on bitcoin | http://halfpasthuman.com/wujo/clifswujo3252013bitcoin.mp3
OneMiner: Who dis?
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.758 = 4.548 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.757 = 3.028 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75613 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75612 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.75201 = 4.5121 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.752 = 7.52 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75101 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 8 @ 0.751 = 6.008 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 62 @ 0.75 = 46.5 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
smickles: $unconfirmed
assbot: [MPEX] [S.MPOE] 7991 @ 0.00068158 = 5.4465 BTC [+]
mpexbot: smickles: 747
bitesak: known for his asymetric language trend analysis, using the change of language in the postings online to derive forecasts for developing trends
MJR_III: khan academy had a great video on diffie hellman system
bitesak: Save 90 % if paying with real currency such as Bitcoin :)
ThickAsThieves: is there international demand for getting a US high school diploma with online classes?
ThickAsThieves: anf furthermore would bitcoin be a good fit for such a service?
deadweasel: might be hard to understand btc w/out a high school diploma
ThickAsThieves: well
ThickAsThieves: thats not the only angle
ThickAsThieves: person can be an adult
ThickAsThieves: with or without a local diploma
ThickAsThieves: tahts why i ask if there is demand for a "US" diploma
pgp: question about network difficulty... does it adjust to bring rate back to 1 block per 10 min on current hash rate, or does it try to compensate to bring overall hash rate from last halving day to 1 block evey 10 min?
deadweasel: ThickAsThieves: I didn't catch that. So they might have a diploma from Spain, but want a US one.
ThickAsThieves: US diploma would be accredited and accepted by colleges
ThickAsThieves: right
ThickAsThieves: credit recovery might even be possible as well
ThickAsThieves: but that would get tricky
thestringpuller: smickles: will send you pm in a second
Guest4504: Goat from a phone. Lol at technology.
OneMiner: pgp 1 block per 10 min based on rate of block generation during the period.
ThickAsThieves: erik answers https://bitcointalk.org/index.php?topic=101902.msg1700294#msg1700294
pgp: so, if we assume a constant increase in hash rate, then halving day, by definition will alway be something short of 4 years...
OneMiner: pgp Yes, if hashrate always goes up then halving day will come sooner by a bit.
OneMiner: The oposite is also true.
pgp: and difficulty adjusts every 2100 blocks, correct?
OneMiner: Hmmm... 2018 or something like that.
mircea_popescu: thestringpuller say what ?
jborkl: No, the longest the diff will not adjust is two weeks
jborkl: slowdown in hash rate, it will lower in two weeks- not 2.5 or 3 weeks
OneMiner: It's not based on time. It's based on number of blocks. You sure about that jborkl?
jborkl: I have been through quite a few lower diff levels and it adjusts at two weeks
OneMiner: https://en.bitcoin.it/wiki/Difficulty#How_often_does_the_difficulty_change.3F
deadweasel: ThickAsThieves: Credit Repair business is actually a good business to get into in the US. since they legislated against all those "instant credit repair" scams, people can actually get help.
jborkl: If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced
mircea_popescu: nic erik post
jborkl: https://en.bitcoin.it/wiki/Difficulty
OneMiner: jborkl I think you're reading that wrong.
OneMiner: If the previous 2016 blocks took more than two weeks to find <---- suggests that you'd need all 2016 blocks to be found.
jborkl: if half the network took a shit, then we would drop to one block every 20 minutes and that would last a month
jborkl: killing the network in the meantime
OneMiner: jborkl Correct.
jborkl: it adjusts every two weeks maximum
jborkl: can be shorter of course
OneMiner: Umm.... I don't think so dood. Site it or it didn't happen.
bugpowderr: nice post by Erik
mircea_popescu: bugpowderr ya i thought so.
assbot: [MPEX] [S.MPOE] 8000 @ 0.00067944 = 5.4355 BTC [-]
mircea_popescu: im starting to like the guy tbh.
MJR_III: ;;calc 14*24*6
gribble: 2016
MJR_III: it compares that to
MJR_III: ;;14*24*60
gribble: Error: "14*24*60" is not a valid command.
MJR_III: ;;calc 14*24*60
gribble: 20160
MJR_III: it readjusts after 2016 blocks
MJR_III: however long that takes
MJR_III: thats why a huge increase in mining power will not really help you mine a ton of blocks
MJR_III: you will just increase the difficulty quicker
MJR_III: The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find.
unbalanced: Is anyone using www.bitmit.net ? Is it the eBay of bitcoin or just one of many contenders?
unbalanced: And is it, or are any of them, listed assets? Or soon to be?
assbot: [BTCTC] [CRYPTO-TRADE] 36 @ 0.2 = 7.2 BTC [+]
unbalanced: I think someone mentioned building an eBay-killer here this week but now I can't remember who/when/what
unbalanced: It's been quite the week.
mircea_popescu: unbalanced probably me.
unbalanced: Ah... so does bitmit not cut it or you just hadn't seen it or still plenty of room for competition I guess?
unbalanced: Note to self: one question at a time.
bugpowderr: Oh jeeze... http://market-ticker.org/akcs-www?get_gallerynr=4089
bugpowderr: don't trust da gubberment
mircea_popescu: unbalanced basically it's yet another rehash of the old and by now stale "i wrote a script therefore this is a business".
jurov: unbalanced: mircea dreams about it
unbalanced: A lot can change in a month I guess. And people say bitcoin is volatile.
unbalanced: (re: Cyprus)
mircea_popescu: imagine if some kid made a html page which read THE REAL AMZON
mircea_popescu: would that be an amazon killer ?
unbalanced: mircea_popescu: I've read your "recognize you're an idiot, noob" posts re: BTC businesses and 100% agree.
mircea_popescu: to kill ebay you need a lot of ops competence.
unbalanced: As a guy wondering what my place is in the BTC economy, I take that stuff to heart and try to remember it.
mircea_popescu: this "here's a script that sorta replicates functionality now we wait for "the users" to make us a business" is nonsense
mircea_popescu: that aside : bitcoin desperately needs an ebay killer ap.
mircea_popescu: the only way to obtain such a thing is if someone with a lot of fmcg experience and contacts actually starts one.
unbalanced: So it only sucks because it doesn't have proven profits yet? Once proven to have traction and revenue, it wouldn't meet the noob=sux criteria?
mircea_popescu: not at all.
unbalanced: Yeah our posts crossed. I read ya.
mircea_popescu: let's go into detail here to understand each other.
unbalanced: Shoot
mircea_popescu: i don't care how much profit the doctor's office makes.
mircea_popescu: i care whether he's a doctor.
mircea_popescu: you can probably make a fuckton selling folk remedies and straight silicone injections into the ass. heck, some people do.
mircea_popescu: this doesn't validate them as doctors.
unbalanced: Roger. So Meg Whitman starts an eBay killer using bitcoin, that's when to pay attention.
mircea_popescu: for sure.
assbot: [MPEX] [S.MPOE] 8000 @ 0.00067446 = 5.3957 BTC [-]
assbot: [MPEX] [S.MPOE] 16610 @ 0.00068158 = 11.321 BTC [+]
mircea_popescu: but it doesn't have to be supercorp ceo.
assbot: [MPEX] [S.MPOE] 891 @ 0.00068292 = 0.6085 BTC [+]
mircea_popescu: some guy who was the near east distribution manager for coca cola since 1992
unbalanced: Right... just not an anonymous site like bitmet. Real-world experience, real-world human face, contact info, support, operational chops, execution...
mircea_popescu: a woman that was in charge of maersk pacific ops for the past five years
mircea_popescu: the vp of LMHV Belgium
mircea_popescu: somebody
MJR_III: i would say that it is not so much even their experience (though that is helpful) but rather the fact that they are good at doing what they set out to do
MJR_III: many executives get fired for sucking
mircea_popescu: and this isn't random dickery as in "you must be old" or some shit. the ops experience shows.
mircea_popescu: there's a lot to business that's not taught in any c++ manual
unbalanced: True that.
MJR_III: yes, being a good programmer does not make you a good business manager
MJR_III: though not mutually exclusive
mircea_popescu: i can usually sniff out a half decent manager from a mile away
mircea_popescu: managers and polecats.
MJR_III: i think that one of the problems is that the current marketplace loves fuzzy things like "social networking" and pretty websites
MJR_III: but those things do not have the operational challenges of a real business
MJR_III: which is why you see things like BFL and others
MJR_III: who can't execute
mircea_popescu: yeah. they also don't have the chances of a real business.
unbalanced: So... in this case, bitmit.net (they need a better domain at least, I've mistyped it 3 different ways now) apparently has 17029 listings.
mircea_popescu: right
mircea_popescu: unbalanced that metric is meaningless.
mircea_popescu: you have five minutes to find me a way to spend 10 btc on items that i could conceivably use during the remainder of 2013
mircea_popescu: for a 5% or more discount from amazon.
unbalanced: (From their "worldwide" dropdown in upper right.)
mircea_popescu: go.
MJR_III: actually executing in the real world when you have more complex operations than basically posting messages to each other is tough
MJR_III: and most web startups don't have to work in the REAL world
MJR_III: pinterest, twitter, facebook...they don't actually have to produce real things that take supply chains
unbalanced: Bear with me, I'm just wondering... is this a viable biz for that script kiddie, or maybe a team of 4, at these levels? Is it a good start or is Mr. Bitmit wasting his time?
mircea_popescu: i don't see that it is a business at all.
mircea_popescu: the test of a business is the value proposition.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.761 BTC [+]
mircea_popescu: state it for my benefit, what is bitmit's vp ?
mircea_popescu: (leaving aside they don't even know this is where it starts)
unbalanced: "Shit you can buy with your bitcoins"
mircea_popescu: that's not a vp.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.76 BTC [-]
MJR_III: so a company like GE or Boeing have to do a whole different set of things than a web startup in silicon valley, and the fallacy is that because you are good at one thing, you will be good at the other
mircea_popescu: "it costs you less to buy your lube in btc on our site than at your corner lube shop" is a vp.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
unbalanced: "eBay for bitcoins"
mircea_popescu: dude. a vp is always comparative.
mircea_popescu: X < Y is a vp.
unbalanced: thx, sorry but real life is interrupting, gotta run
unbalanced: sorry
mircea_popescu: "ebay for bitcoins" is a marketing ploy, different beast.
unbalanced: Thanks for the schoolin'
mircea_popescu: gl.
MJR_III: its an interesting challenge, and i think its a testament to the strength of bitcoin that it survives bad management
mircea_popescu: MJR_III well... it also yet benefits from a very low bar.
mircea_popescu: nobody's seriously using it for anything much yet.
MJR_III: because at the end of the day...it comes down to management
mircea_popescu: fiat is regularly used in mission critical situations,
MJR_III: true
MJR_III: but if that is going to change, you will need people with a different skill set
mircea_popescu: such as the woman with no underwear on but five bucks in her pocket.
mircea_popescu: she knows she can get undies. for sure.
MJR_III: good point
mircea_popescu: and you know you can get gas, and food, and boots
MJR_III: i think bringing efficiency to the exchange mechanism is going to be the first step
mircea_popescu: possibly.
MJR_III: the other biggest thing will be the bitcoin atm
MJR_III: but i think that that will rely on an efficient and stable exchange
MJR_III: for example...the lady with no undies has a debit card
MJR_III: and the store only takes cash
MJR_III: not a problem nowadays, you just run to the atm
MJR_III: but you cannot have that level of convenience right now with bitcoin
smickles: cash only places usually have an atm on site
MJR_III: smickles: yes exactly
MJR_III: i think to drive local adoption, you will need to have two-way bitcoin atms spread locally
MJR_III: your fees would be in the spread that you are charging
MJR_III: since the transactions can go both ways, you could put cash in and get bitcoins out or vice versa
mircea_popescu: i still don't think bitcoin is adequate for the retail space
Troic: you going to wait for confirmations if you buy knickers ?
mircea_popescu: but that's an entirely set of problems from the bitmit thing
MJR_III: no...green addresses
mircea_popescu: Troic exactly.
MJR_III: my point is...why make cash only places take debit cards?
MJR_III: the atm can give you locally accepted currency
MJR_III: while you hold mostly bitcoins
mircea_popescu: i hate to be that ass who keeps linking his articles, but i hate repeating shit more. so MJR_III , ever saw http://trilema.com/2013/bitcoin-prices-bitcoin-inflexibility/#comment-92015 ?
assbot: [HAVELOCK] [VTX] 2 @ 0.478 = 0.956 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.465 BTC [+]
MJR_III: i read it and i agree
Troic: or just one way atms, bitcoin-central's idea, cards charged in local currency charged to your btc.
MJR_III: but that is why i think that this does an end run around that problem
Troic: your, hmm, i mean their
MJR_III: cash is good for local
MJR_III: but i don't want to hold my cash in bank, i want to hold bitcoins in my wallet
MJR_III: the idea of an automatically adjusting exchange rate ATM that can be connected to a wallet is pretty trivial, the main issue is again exeecution
MJR_III: ATM's are a pretty big business, access to currency is always going to be needed
MJR_III: imagine the convenience of just getting cash when you need it, anytime, for in person retail transactions
MJR_III: but holding your money and transferring for large transactions using the blockchain
MJR_III: it would add a ton of liquidity if this atm network took off
MJR_III: as people either choose to go buy some bitcoins by just depositing cash, or sell them because they need cash at the moment
mircea_popescu: i imagine the practical way this will work will be the magic cash dispenser
mircea_popescu: http://trilema.com/2013/the-free-cash-machine/ that thing
MJR_III: exactly
MJR_III: i read that one before
mircea_popescu: be pretty cool thing to have
mircea_popescu: but it may take a while. we're not quite able to make asics yet
MJR_III: you could even...and this is maybe going above and beyond
mircea_popescu: servicing atms is a few levels of complexity atop that
MJR_III: you could have those machines also mining as they do their role of providing a convenient exchange
MJR_III: and they have made, produced and shipped asics
mircea_popescu: haha maybe
MJR_III: avalon maybe
MJR_III: at first of course, you would hve to have them inside a business...
MJR_III: the point is that this space has already been explored...atm's are everywhere
MJR_III: you could buy an atm, and then reconfigure it to accept bitcoins instead of debit cards
jcpham: atm's have cash in them
jcpham: no one wants you to have cash
MJR_III: yes they would need to
smickles: http://blog.smickles.com/2013/03/29/bloomberg-should-clean-up-their-act/
jcpham: dead technology
smickles: f-ing morons
MJR_III: um...i think that the volume on the exchanges would beg to differ jcpham
jcpham: no one wants you to have cash
jcpham: cash is a dead technology
bitesak: ;;ticker
gribble: BTCUSD ticker | Best bid: 88.89749, Best ask: 89.43408, Bid-ask spread: 0.53659, Last trade: 88.65000, 24 hour volume: 155385.63557232, 24 hour low: 75.00111, 24 hour high: 94.32000, 24 hour vwap: 86.37690
MJR_III: then why are so many people selling bitcoins?
MJR_III: every sale involves someone buying and someone selling
MJR_III: so some people still want cash
mircea_popescu: smickles lol that girl looks like she has no neck
MJR_III: or should I say USD that they can withdraw as cash
jcpham: until it is illegal
jcpham: then no one wants it
smickles: buying cash is still a way to use bitcoin
MJR_III: smickles: exactly
jcpham: cash is my method for getting bitcoin
jcpham: cash works now
mircea_popescu: jcpham i thought you mined
jcpham: but not in the future
jcpham: that too
smickles: mircea_popescu: people on tv tend to look odd
MJR_III: i don't think the dollar is going anywhere for a long time
smickles: mircea_popescu: aslo, to me, it looks like she painted herself derpy eyes
MJR_III: and as mircea_popescu's excellent article showed...you don't need bitcoin to do everything
mircea_popescu: smickles lol i think hr mom painted those
MJR_III: let it do what it is good at doing
MJR_III: and use cash for what it is good for
mircea_popescu: im with that.
mircea_popescu: i pay for undies in cash to this day
MJR_III: cash sucks as a store of value, but it is pretty convenient for in person local transactions
smickles: mircea_popescu: ah, right. It is a production. The probably do have people do it for her
MJR_III: cash sucks for sending money long distances, let bitcoin do that
mircea_popescu: MJR_III kinda what it was intended as, you know ? little notes saying you have gold somewhere
MJR_III: yes
MJR_III: exactly
MJR_III: you can turn cash into a reserve note for bitcoins in a way
MJR_III: it is a proxy like all currency
mircea_popescu: so no, bitcoin isn't killing fiat.
mircea_popescu: it's just going to give it a 2nd youth
MJR_III: yes
mircea_popescu: as backed by bitcoin, i can see a use for usd/eur/etc
assbot: [BTCTC] [RSM] 1 @ 0.00301 BTC [-]
MJR_III: i agree
MJR_III: it will basically undo bretton woods
MJR_III: as people use it to peg the dollar to something scarce
mircea_popescu: yup
MJR_III: they can then see the real fluctuations in its value
mircea_popescu: yup
mircea_popescu: soon enough will be a topic in elections
mircea_popescu: "this govt's policy has seen our currency drop 40% against btc"
MJR_III: yes i agree
MJR_III: real value, money is not able to be inflated artificially
MJR_III: there needs to be a good or service backing it up
jcpham: like HFT trading on an exchange?
jcpham: redundant T ftw
MJR_III: exchanging one proxy for another
mircea_popescu: jcpham wait. what ? you mean on gox ?
mircea_popescu: with 6 minute delays ? hft ? srsly ?
MJR_III: lol
jcpham: is gox still broken
jcpham: i dunno
MJR_III: until there is a better exchange, AND all exchanges communicate with each other
MJR_III: you won't have efficiencies
jcpham: i've been building a porch all week
assbot: [BTCTC] [RSM] 1 @ 0.00301 BTC [-]
Diablo-D3: https://bitcointalk.org/index.php?topic=99497.msg1700739#msg1700739
mircea_popescu: MJR_III that is a good point actually. i have no idea why everyone's so hell bent on being special unique etc.
Diablo-D3: I think I just pwned someone.
Diablo-D3: oh well =/
mircea_popescu: well... other than the obvious "cause they're 16yo aspies"
MJR_III: mircea_popescu: yeah, it just takes trust, which comes down to good management
MJR_III: there is a reason our world is the way it is
MJR_III: its the sum of our choices, mostly made through individual rational choices
Diablo-D3: >16yo aspies
Diablo-D3: who?
MJR_III: so...there is a reason i can buy something on one exchange and instantly sell it on another
mircea_popescu: Diablo-D3 exchange ops
MJR_III: mircea_popescu: but it is like mpex...someone has to do it, and let others build on it
Diablo-D3: ahh
MJR_III: similar to how you say that the whole world can't be hedging
mircea_popescu: MJR_III so far even a fucking naming convention is impossible to contemplate, let alone implem,ent.
mircea_popescu: at this rate we'll have a btc equiv for fix in 2050
MJR_III: we can use fix now though
MJR_III: i am already working on an engine
mircea_popescu: tbh fix kinda sucks, but yea
smickles: at one exchange, who is insolvent
MJR_III: well yeah
MJR_III: its not great
MJR_III: this is the thing about bitfloor
MJR_III: it has the best model of all exchanges
mircea_popescu: smickles the redeem codes was a sorta attempt, but meh.
MJR_III: its the most convenient for me
smickles: but so much debt
MJR_III: yes of course
MJR_III: again that comes down to execution
MJR_III: and i think poor choices as far as resolving that
smickles: i would use bitfloor more often if it weren't for that debt
MJR_III: for example
smickles: and they owe me ~15 btc
MJR_III: the guy who runs it
MJR_III: wants to pay back everything in btc while collecting fees in dollars
MJR_III: which will never work
mircea_popescu: ya. nonsense huh
MJR_III: you either do what a real company would do
MJR_III: and file bankruptcy
smickles: much of bitfloor is opensourced
mircea_popescu: the girl made a very good point as to the cost of financial ineptitude vs coding inavbility
MJR_III: liquidate and pay back what you can
mircea_popescu: on the forum
MJR_III: or you work out a deal with the creditors
MJR_III: charge your fees in btc for transactions
MJR_III: and put a portion of them towards the debt
smickles: there is kinda a defacto deal with the creditors
MJR_III: yes
mircea_popescu: listen MJR_III this fees stuff... think for a moment. no exchanger makes money.
MJR_III: but he owed 250k now it is over a million
smickles: and he did recently make a 1% payment
mircea_popescu: you have cases with 10k a month which come to 200 btc.
mircea_popescu: or you have mtgox, which clears about enough to cover its costs.
MJR_III: mircea_popescu: how do you figure?
MJR_III: ;;ticker
gribble: BTCUSD ticker | Best bid: 89.03000, Best ask: 89.50999, Bid-ask spread: 0.47999, Last trade: 89.03000, 24 hour volume: 155306.17401255, 24 hour low: 75.00111, 24 hour high: 94.32000, 24 hour vwap: 86.37012
smickles: and really, because of his jurisdiction, he owes the usd value of the btc at the time of the theft
mircea_popescu: MJR_III simply like this : i look at the immense fees.
mircea_popescu: since there's no competition on fees its clearly not a profitable space.
MJR_III: ;;calc 155306 * 86.37 * .004
gribble: 53655.11688
MJR_III: there expenses are higher than 53k a day?
mircea_popescu: a day ?
MJR_III: that is their volume for the last 24 hours
MJR_III: at current vwap
smickles: MJR_III: do the 30day avg/30
mircea_popescu: i dont think theior avg is 150 a day.
smickles: and this past month would't be the best indicator
MJR_III: true
MJR_III: but still
mircea_popescu: well, it looks better now for sure.
MJR_III: they make well over a million a month i think
mircea_popescu: but take a 1year outlook, it's healthier
MJR_III: good point
mircea_popescu: let's do some rl math :
MJR_III: i've been watching for a while
MJR_III: and they have a ton of volume and very high fees
MJR_III: and i believe that some of the fees is in dollars and some in btc...not sure how they work that out
smickles: let me do some sql
MJR_III: smickles: NICE
mircea_popescu: ( 2400 salary + 2800 tax + 1500 fixed) * 5 = 30k usd in employee costs.
MJR_III: ugh, it doesn't auto-ignore tiberiusiv
MJR_III: ok...
MJR_III: with you so far
mircea_popescu: whatever you do for servers and the sysadmins etc
MJR_III: but also...just because they are the best and have first mover advantage does not mean that they are running a good exchange
mircea_popescu: fixed costs ate them alive all through 2012.
assbot: [BTCTC] [BASIC-MINING] 25 @ 0.37 = 9.25 BTC [+]
mircea_popescu: but this is the case of mtgox. be it as it may, in most spaces the top dog can at least pay his salt.
MJR_III: yeah i could see that
MJR_III: true
mircea_popescu: think a little about the 10k a month and under exchanges.
MJR_III: of course
MJR_III: lower expenses though
mircea_popescu: not really.
MJR_III: one person runs bitfloor
mircea_popescu: ya. and we've seen the costs of that.
MJR_III: and he owns it
MJR_III: well...
MJR_III: fair point
mircea_popescu: the thing is, it takes 9 months to get a child out of a woman. not negotiable.
mircea_popescu: you run an exchange you need some people. not negotiable.
MJR_III: but every exchange including mt gox and excluding mpex has been hacked
smickles: 17590762.3519516 btc volume this year, if i mathed correctly
mircea_popescu: the guy that can do the job of 5 people is NOT cheaper than hiring the 5 people.
smickles: this year being the past 365 days to the second
MJR_III: nice
mircea_popescu: smickles so over 1mn a month even ?
smickles: ;;calc 17590762.3519516/12
gribble: 1465896.86266
MJR_III: around 1.5 mil
smickles: tiberiusiv: you don't like bitcoin magazine?
mircea_popescu: MJR_III now think of the legal bills to defend that million.
MJR_III: there are some costs true
smickles: kk
mircea_popescu: see, it's a mixed blessing. a year ago they made red ink but at least knew all the costs.
MJR_III: trust me, i understand the problems with trying to get the scale you need to make things worthwhile
mircea_popescu: today they make decent dough, but also need an entire arsenal at the ready.
MJR_III: but most businesses have to invest ahead of the growth curvve
MJR_III: like i always say, if you are not bullish on bitcoins, why start a company in this space
MJR_III: so as with all entrepreneurial endeveavors, there is risk and up front costs
mircea_popescu: Diablo-D3 i don't see them using a dc honestly.
MJR_III: but that is the bet you want to make, if you believe you are right
Diablo-D3: mircea_popescu: they already are
mircea_popescu: if i were runningtheir outfit i'd rend out a warehouse with a good triphase line
mircea_popescu: somethingthat had a crane or w/e
Diablo-D3: just some shitty chinese ones
smickles: tiberiusiv: so you suggest that he's a scammer b/c he's romainian and allows people to post pictures you don't like, i understand that. What would you suggest my course of action be based on this information?
mircea_popescu: or whatever you call industrial power in english. 380 volt
MJR_III: lol
MJR_III: smickles is so polite
Diablo-D3: mircea_popescu: you mean 400v on site?
mircea_popescu: yeah
assbot: [BTCTC] [RSM] 1 @ 0.00301 BTC [-]
mircea_popescu: there's plenty of practically abandoned industrial space
Diablo-D3: mircea_popescu: easier to just have 208v three phase and then bring it down to 48v dc
MJR_III: mircea_popescu: you need triphase if you are going to have that much
mircea_popescu: ><< a warehouse with a good triphase line <><
MJR_III: yep
mircea_popescu: and just pile them in there, forget a dc.
mircea_popescu: get an actual optic fiber link
assbot: [BTCTC] [RSM] 1 @ 0.00301 BTC [-]
MJR_III: that is what the data centers we use hve
Diablo-D3: mircea_popescu: yeah, but all you're doing is making it into a DC
mircea_popescu: which most cities you can have installed for w/e, 1k per meter or somesuch
mircea_popescu: Diablo-D3 minus a lot of the overhead. i think at least.
mircea_popescu: just napkinning here.
Diablo-D3: no, you just need to recreate the overhead
Diablo-D3: cooling is not cheap
MJR_III: Diablo-D3: i was wondering about that today
MJR_III: cooling costs
mircea_popescu: you just...
mircea_popescu: o i know!
smickles: ok, so add the lack of a mainstream interview to evidence that he's a scammer
mircea_popescu: you just dump nitro ice on the ground
MJR_III: why has no one tried this? http://www.youtube.com/watch?v=PtufuXLvOok
jcpham: i've seen a submerged oil rig
jcpham: with my eyes
smickles: tiberiusiv: kk, fraud does seem more apt than scammer
mircea_popescu: but anyway, maybe you're right Diablo-D3, dc is the way to go
jcpham: not something i'd want to do
MJR_III: yes, why has no one tried an oil rig for a miner?
jcpham: pretty messy to un-submerge
mircea_popescu: MJR_III what;'s the benefit ?
MJR_III: well you should probably never unsubmerge, or once a year
MJR_III: they can get cpu's up to 8ghz
smickles: tiberiusiv: I would be upset too if i had an operation the size of mpex and got left out of media attention
MJR_III: vs 3ghz normally
MJR_III: it won't interfere with the electrical operations but dissipates heat better
jcpham: to do gpu's you'd have to remove the fans
MJR_III: yes
jcpham: so heatsink only
MJR_III: i was thinking an asic though would be heatsink only
jcpham: i assume that oil dissipates more heat than air no matter what
MJR_III: and then you pump the oil through a cooler
smickles: tiberiusiv: i don't think he exaggerates, he just speaks of the notational numbers because they are bigger
Diablo-D3: mircea_popescu: why do you think I'm working out a $250m plan thats all involving a DC?
mircea_popescu: o THAT kind of oil rig
MJR_III: hehehe
jcpham: seems like gpus would really heat up oil
mircea_popescu: i was wtfing all to hell here thining you know... crude oil
jcpham: much more so than you think
MJR_III: i'm sure they would
MJR_III: but you can pump it through a cooler
jcpham: oh so the oil is cooled
MJR_III: and i am almost certain you could clock them faster
MJR_III: saying you COULD cool the oil i think in this example there was no need
mircea_popescu: jcpham use a heat exchanger to power a little steam turbine
jcpham: gpu mining really should be dead at this point
mircea_popescu: infinitr power
smickles: tiberiusiv: I haven't noticed an exaggeration. Are you talking about something you saw in irc or on a webpage?
jcpham: no sense in it
MJR_III: jcpham: i mean for a real industrial asic plant
assbot: [MPEX] [S.MPOE] 2000 @ 0.00068292 = 1.3658 BTC [+]
MJR_III: its a super simple chip at the end of the day
MJR_III: and all that matters is clock cycles
MJR_III: so just try to do more per second
MJR_III: in fact...you wouldn't even need most of the stuff to be submerged
MJR_III: just the asic...and use a raspberry pi or whatever as the controller...it could hold the blockchain etrc
mircea_popescu: i wonder if it'd be practical to make your asic farm in a small siberian town
mircea_popescu: and just aircool
MJR_III: i wonder
MJR_III: that could also work
smickles: tiberiusiv: though, that market cap does seem high to me, it is consistant with the amount of buys from people other than mircea_popescu that I know of myself
mircea_popescu: eh gtfo. facebook doesn't have a revenue model, is worth 100bn
MJR_III: not sure if even cold siberian air would allow for the levels of ghz that oil would
mircea_popescu: mpex makes money since day one, 50mn is too hig.
mircea_popescu: bitch, you got it backwards.
smickles: tiberiusiv: most of the activity happening when mircea_popescu is around, doesn't really indicate that mircea_popescu is the cause of said activity
MJR_III: i wouldn't engage, you are giving him what he wants
mircea_popescu: MJR_III lol engage, that word got ruined by startrek
MJR_III: lol
MJR_III: i like star trek somewhat
MJR_III: only really original and next generation
mircea_popescu: MJR_III not air. WATER! run a stream through your thing
MJR_III: you could water cool too
smickles: tiberiusiv: you don't think that activity could increase from other people in similar timezones to mircea_popescu ?
MJR_III: but i think oil is the best heat dissapater
TomServo: tiberiusiv: which one of these is you? http://www.youtube.com/watch?v=rWiyonefHXo
mircea_popescu: nah, water is like 4300 caloric capacity
MJR_III: and any gain from siberian cold could be translated to oil
MJR_III: acute heat dissapation
MJR_III: the oil can actually touch the chip
MJR_III: the water can't
smickles: tiberiusiv: aslo, from what i've read of the polimedia financials, most of his money used to come from consulting
smickles: how can that be true?
smickles: surely there are business in romania
MJR_III: so i think that at 6hz and above...you have to worry about the small times where the heat is still on the chip before the water can suck it up
MJR_III: smickles: careful, if you keep disagreeing you will be poor
MJR_III: smickles: or young
smickles: MJR_III: if you notice, i granted him the fact that mircea_popescu is a fraud and asked him what i should do about it
mircea_popescu: dude you should stop highlighting me for one
MJR_III: ok, nvm you are rich
smickles: tiberiusiv: our current president is from one of the most corrupt places in 'merica
jcpham: mircea_popescu did you know romania si the most corrupt place in europe
mircea_popescu: since when ?!
jcpham: mircea_popescu did you know i can buy a judge for $500
mircea_popescu: eh get out.
jcpham: i read about it in this channel recently
jcpham: sorry no citations for sources, though
jcpham: you'll have to trust me
mircea_popescu: ok. can i have 2 ?
smickles: and america is ripe for bashing, it does a lot of stupit shit
MJR_III: sure does
mircea_popescu: anyway, i'd say romania is about as corrupt as france.
smickles: at the cost of waging war everywhere
mircea_popescu: way behindplaces like spain or italy... or greece
smickles: 'everywhere'
mircea_popescu: kinda ahead of whatever, austria
MJR_III: anyways, i think if you could hash 2.5x as fast...you would be making a ton of money
Diablo-D3: nc -v miku.acm.uiuc.edu 23
mircea_popescu: pic related : http://polimedia.us/dtng/c/src/13642337509.jpg
smickles: coming from a country where our dear leader has a public assasination list, corruption doesn't sound all that bad
smickles: tiberiusiv: that video looks decades old, is it still like that?
smickles: tiberiusiv: how come that video has a bunch of comments saying that it's not like that anymore?
smickles: i don't think poverty = corruption
assbot: [HAVELOCK] [SDICE] 10 @ 0.44 = 4.4 BTC [-]
DeaDTerra1: Looking to borrow fiat on MtGox or Bitstamp!
smickles: DeaDTerra1: how much?
DeaDTerra1: 10k$ ish, btcx.se (where I work) are totally out of float, people just got their salaries and it's now a four day holiday in Sweden...
DeaDTerra1: we need to stack up some float as we are already zeroed and the weekend just started
smickles: I think 10k is above my legal limit
DeaDTerra1: I can take lower amounts, as I said. We are zeroed :P I am quite desperate for any amount I can get my hands on. btcx will repay it on Monday/Tuesday when our wire hits MtGox
mircea_popescu: https://bitcointalk.org/index.php?topic=160292.msg1700657#msg1700657
mircea_popescu: ahaha good 1
bugpowderr: DeaDTerra1: what rate?
DeaDTerra1: Let me check with the CEO ^^
smickles: oh, this state doesn't have an amount limit
smickles: or an interest rate limit if the rate is in a contract
MJR_III: smickles: how is it in the jurisdiction of the state?
MJR_III: thought it would be in japan
smickles: MJR_III: i'm not sure how jurisdiction would play out, so i default to where I am
MJR_III: makes sense
DeaDTerra1: We are willing to offer 0.5-1% for a loan from today to Monday/Tuesday when the wire hits out MtGox account.
DeaDTerra1: does it sound reasonable?
bugpowderr: It's not unreasonable, but not sufficient for me. Sorry
mircea_popescu: maybe putting a btc ask for a slightly above mkt price may work naturally to attract fiat ?
DeaDTerra1: Okay no problem :), if you change your mind just pm me
DeaDTerra1: Would work if we actually had some bitcoins :P
assbot: [MPEX] [S.MPOE] 17500 @ 0.0006742 = 11.7985 BTC [-]
assbot: [MPEX] [S.MPOE] 800 @ 0.00067177 = 0.5374 BTC [-]
DeaDTerra1: We have sent out all our bitcoins to customers
MJR_III: makes sense...so you can't fill new orders?
ZedsterX: Gox getting DDoSed?
mircea_popescu: ZedsterX tux announced it 12 hours ago
MJR_III: wouldn't it make sense to borrow btc then?
DeaDTerra1: nope, we get people who want to buy Bitcoins in Sweden, and we do not have float to buy bitcoins and send them out to the customers :9
ZedsterX: thank ya sir
mircea_popescu: no bitcoin no fiat 0.0
DeaDTerra1: It would except we kind of do not want the exchange risk of borrowing BTC
MJR_III: well they have fiat waiting on the wire
DeaDTerra1: well, we have Fiat tons of it, just not on mtgox :)
MJR_III: DeaDTerra1: good point
MJR_III: a future contract maybe...
bugpowderr: hmmm....
bugpowderr: pming you
DeaDTerra1: We have about 70k $ wire transfer on it's way to MtGox but due to bank holiday and easter it will not hit mtgox until after this weekend
DeaDTerra1: I will become that desperate tomorrow :P
DeaDTerra1: then I am thinking of just longing on bitfinex to hedge the risk and borrow BTC
kakobrekla: O_O
kakobrekla: is this bitmarket.eu rehash
MJR_III: short term commercial paper is so far an emerging market
bugpowderr: DeaDTerra1: I have a proposal, pm me.
MJR_III: but very interesting
DeaDTerra1: Yea, I would love to have a connect to future/option market
DeaDTerra1: so you can connect your backend and hedge all exchange risks
sturles: DeaDTerra1: If you sent to the bank in Japan, they don't have any Easter holidays there.
DeaDTerra1: it would be really cool
MJR_III: mpex?
mircea_popescu: DeaDTerra1 and why don;t you ?
mircea_popescu: a nm, no bitcoin i forgot.
DeaDTerra1: In our normal buisiness model this is not needed and also we do not have Bitcoins as our float but USD/SEK
DeaDTerra1: otherwise I would have
MJR_III: interesting
MJR_III: why do most exchanges collect fees in fiat...
DeaDTerra1: No they do not, but Swedish banks do and people just got their salary. The wire was sent yesterday so I expect it to reach Mtgod on monday/tuesday.
mircea_popescu: revisting bitmarket.eu :
mircea_popescu: "Unfortunately, without proper funding and with limited manpower running a project of this magnitude has proven to be very difficult. Recently, these problems caused for a group of users trouble and losses of funds. Ultimately, that's why we decided to shut down BitMarket.eu and stopped trading."
MJR_III: ah ok
mircea_popescu: that's a nice way to put it
DeaDTerra1: Didn't expect this volume :P, I guess it's the combination of everyone that wants in before the holidays and that they just got their salaries
MJR_III: yeah, holiday weekends are interesting
bugpowderr: is gox down for anyone else?
MJR_III: smickles: do you think that tax returns will inject more cash into the btc economy
kakobrekla: bugpowderr ddos
kakobrekla: but it opens to me
kakobrekla: right now
MJR_III: i'im on it right now
kakobrekla: also ziggap .. dat is fucked eh?
MJR_III: whats with all the ddos'ing lately
bugpowderr: MJR_III: yeah for sure
kakobrekla: re ziggap https://bitcointalk.org/index.php?topic=146611.msg1700531#msg1700531
MJR_III: good article
MJR_III: management, management, management
bugpowderr: its a same Deprived doesn't hang out here
MJR_III: yeah
bugpowderr: shame
MJR_III: figured that's what you meant
thestringpuller: ;;ticker
thestringpuller: nooo
ThickAsThieves: I have Deprived my coinbr referall as a tip, and invited him here
ThickAsThieves: he said he'd consider it
ThickAsThieves: once his laptop was fixed
ThickAsThieves: have=gave
MJR_III: nice
MJR_III: i don't really like the bitcointalk forums, so i am glad you guys are here to tell me the best articles
jborkl: MJR_III : I was wrong about the diff retarget- my bad
MJR_III: jborkl: no worries
MJR_III: ;;calc 6695826.2825963*4
assbot: [HAVELOCK] [SDICE] 50 @ 0.445 = 22.25 BTC [+]
mircea_popescu: bugpowderr tell him. i have.
bugpowderr: i sent him a message
thestringpuller: !ticker h HIM
assbot: [HAVELOCK:HIM] 1D: 1.80000000 / 1.83999412 / 1.92000000 (17 shares, 31.27990000 BTC), 7D: 1.41000000 / 1.72493945 / 2.00000000 (180 shares, 310.48910090 BTC), 30D: 1.40000000 / 1.8649577 / 17.25000000 (715 shares, 1333.44475269 BTC)
thestringpuller: !ticker m S.mPoe
assbot: [MPEX:S.MPOE] 1D: 0.00062187 / 0.00066672 / 0.00068292 (568576 shares, 379.08 BTC), 7D: 0.0006 / 0.00066359 / 0.00071369 (2166747 shares, 1,437.85 BTC), 30D: 0.0006 / 0.00073309 / 0.00078628 (17281635 shares, 12,669.03 BTC)
assbot: [HAVELOCK] [SDICE] 3 @ 0.40001 = 1.2 BTC [-]
assbot: [HAVELOCK] [SDICE] 5 @ 0.391 = 1.955 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.39 = 0.78 BTC [-]
assbot: [MPEX] [S.DICE] 3600 @ 0.00394014 = 14.1845 BTC [-]
smickles: MJR_III: people tend to spend tax returns on stupid shit, and i'm sure there are plenty of people who consider bitcoins stupid shit
assbot: [MPEX] [S.MPOE] 2109 @ 0.00068292 = 1.4403 BTC [+]
assbot: [MPEX] [S.MPOE] 1300 @ 0.00068293 = 0.8878 BTC [+]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00068294 = 3.4147 BTC [+]
assbot: [MPEX] [S.MPOE] 15191 @ 0.00068314 = 10.3776 BTC [+]
bugpowderr: lol
bugpowderr: Yah, people think "free money!" Let's roll the dice
smickles: i plan to use my 'return' on my car loan
smickles: you fuckers gave me about 5 grand in eic
smickles: thanks :D
bugpowderr: ;;bids 0
bugpowderr: no gribbbbber?
smickles: ;;pet
gribble: *purrrrrrrr*
smickles: bugpowderr: no gox
bugpowderr: i wanna know the summed bids
bugpowderr: That wall at 76 must have put us over 10MM
smickles: 214000
smickles: 76: 55000
smickles: (both in btc)
smickles: ;;bids 0
assbot: [BTCTC] [COGNITIVE] 2 @ 0.131 = 0.262 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 2 @ 0.37 = 0.74 BTC [+]
assbot: [HAVELOCK] [SDICE] 18 @ 0.39 = 7.02 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.380112 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.3700001 = 0.74 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.37000001 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.36 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.355 = 3.55 BTC [-]
assbot: [HAVELOCK] [SDICE] 17 @ 0.35 = 5.95 BTC [-]
bugpowderr: approaching minimum 24hr vwap...
ThickAsThieves: havelockers will not stand for no divs!
ThickAsThieves: hehe
topace: arbitrage
topace: been getting a lot of push requests lately
topace: people buying on mpex and selling on havelock
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1075 BTC [+]
ThickAsThieves: mpex has been hanging above .0037 for days no?
deadweasel: ;;eauth
gribble: (eauth <nick>) -- Initiate authentication for user <nick>. You must have registered a GPG key with the bot for this to work. You will be given a link to a page which contains a one time password encrypted with your key. Decrypt, and use the 'everify' command with it. Your passphrase will expire in 10 minutes.
assbot: [MPEX] [S.DICE] 3200 @ 0.0037 = 11.84 BTC [-]
assbot: [MPEX] [S.DICE] 2000 @ 0.003615 = 7.23 BTC [-]
assbot: [MPEX] [S.DICE] 1512 @ 0.00361 = 5.4583 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.003601 = 3.601 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00360001 = 3.6 BTC [-]
pgp: based on the idea that asic devices will eventually start shipping, does anyone have an estimate on how much extra hashing power is likely to come online within the next few months?
smickles: $vwap dice
mpexbot: smickles: S.DICE 1 day: average: 0.00396702 high: 0.00419995 low: 0.00360001 volume: 31375 btc: 124.46532743 7 day: average: 0.00339187 high: 0.0045 low: 0.0031 volume: 678237 btc: 2300.4892668 30 day: average: 0.00453418 high: 0.0063799 low: 0.00300001 volume: 1714919 btc: 7775.7474019
topace: ;;ticker h sdice
smickles: !
topace: lol yea
topace: !ticker h sdice
assbot: [HAVELOCK:SDICE] 1D: 0.35000000 / 0.40726766 / 0.46500000 (265 shares, 107.92593120 BTC), 7D: 0.35000000 / 0.46365078 / 0.53000000 (1486 shares, 688.98505175 BTC), 30D: 0.35000000 / 0.51934247 / 0.68950000 (5763 shares, 2992.97064753 BTC)
topace: !ticker mp s.dice
assbot: [MPEX:S.DICE] 1D: 0.00360001 / 0.00396702 / 0.00419995 (31375 shares, 124.47 BTC), 7D: 0.0031 / 0.00339186 / 0.0045 (678237 shares, 2,300.49 BTC), 30D: 0.00300001 / 0.00453417 / 0.0063799 (1714919 shares, 7,775.75 BTC)
topace: not bad for havelock having 10% of the shares
smickles: you mean 1% ;)
topace: well 10% of the shares that are actually trading on mpex
topace: more than 1% of the toal
topace: 1.3% !
assbot: [MPEX] [S.DICE] 1784 @ 0.00337335 = 6.0181 BTC [-]
assbot: [MPEX] [S.MPOE] 17200 @ 0.00068081 = 11.7099 BTC [-]
assbot: [MPEX] [S.MPOE] 32150 @ 0.00067177 = 21.5974 BTC [-]
pgp: what's the deal with gox allowing you to put in orders that exceed your balance?
smickles: pgp: bugpowderr seems to know more about it, but basically, they let you do it
smickles: $vwap mpoe
mpexbot: smickles: S.MPOE 1 day: average: 0.00067061 high: 0.00068314 low: 0.0006357 volume: 604261 btc: 405.22276531 7 day: average: 0.00066388 high: 0.00071369 low: 0.0006 volume: 2226197 btc: 1477.93072672 30 day: average: 0.00073286 high: 0.00078628 low: 0.0006 volume: 17354585 btc: 12718.4554152
pgp: so, concievable much of the order book dept could be totally bogus
assbot: [BTCTC] [ASICMINER-PT] 14 @ 0.7514 = 10.5196 BTC [+]
smickles: bugpowderr seems to think it isnt
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.7513 = 7.513 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7511 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.751 BTC [-]
assbot: [BTCTC] [COGNITIVE] 40 @ 0.131 = 5.24 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.75 = 1.5 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
bugpowderr: pgp all orders that display in the book are fully funded
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.745 = 2.98 BTC [-]
bugpowderr: you can place additional orders, but they will be listed as 'insufficient funds' and will not show on the book.
error4733: topace : https://bitcointalk.org/index.php?topic=101902.msg1700294#msg1700294
pgp: got it...
bugpowderr: They will appear on the book if you add additional funds
bugpowderr: for example, if you are waiting for funds to clear, but you want to go to sleep, you can place the order and go to sleep
bugpowderr: when funds clear it will automatically hit the book
kakobrekla: well this is fun https://bitcointalk.org/index.php?topic=160527.0;topicseen
jcpham: bleh
jcpham: so much text and screenshots
deadweasel: kakobrekla: it's like daytime television.
topace: heh so bfl now has a working asic, but its using too much power
topace: funny
deadweasel: it's probably catching fire
kakobrekla: what
kakobrekla: sauce?
pgp: they subcontracted to boeing...
Ukto: does this mean bfl will putoff releasing the asics until they get power under control ?
smickles: ;;bc,24hprc
gribble: 86.09
topace: We've been tracking down a power issue these last few days and have it isolated to a few key systems. In the interest of time, we are planning on potentially scaling back units hashing speed as required to accommodate the extra power and shipping multiple units to those that want their units right now. If would would prefer to wait for a unit after we've made some changes to the systems that need a bit of tweaking, we will be happy to put your sh
topace: ipment on hold. However, if you'd rather have the units right now at an increased power usage, we will ship you as many units as required to get you to the hashrate your purchased, if we end up having to scale back any given class of unit to fit within the power envelope of the current board design.
assbot: [BTCTC] [PAJKA.BOND] 10 @ 0.09 = 0.9 BTC [-]
thestringpuller: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.0006357 / 0.0006706 / 0.00068314 (604261 shares, 405.22 BTC), 7D: 0.0006 / 0.00066388 / 0.00071369 (2226197 shares, 1,477.93 BTC), 30D: 0.0006 / 0.00073285 / 0.00078628 (17354585 shares, 12,718.46 BTC)
assbot: [BTCTC] [PAJKA.BOND] 10 @ 0.1001 = 1.001 BTC [+]
thestringpuller: ahahahahaha
thestringpuller: mircea_popescu: you are my bitcoin hero
taub: dawwnn of battle, bears, CHARGE
thestringpuller: ;;ticker
thestringpuller: oh no gribble is down
bugpowderr: gonna be a fun weekend
pgp: bugpowderr - any predictions?
pgp: ;;goxlag
gribble: 0 seconds
assbot: [HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]
assbot: [BTCTC] [GSDPT] 10 @ 0.004087 = 0.0409 BTC [+]
assbot: [BTCTC] [GSDPT] 20 @ 0.00409 = 0.0818 BTC [+]
assbot: [BTCTC] [GSDPT] 2 @ 0.004113 = 0.0082 BTC [+]
assbot: [MPEX] [S.MPOE] 36569 @ 0.00067177 = 24.566 BTC [-]
assbot: [MPEX] [S.MPOE] 13381 @ 0.00067955 = 9.0931 BTC [+]
mircea_popescu: of all the stupid bs forum drama
mircea_popescu: that avalon thing...
jcpham: http://i.imgur.com/Wq5jpqx.jpg
pgp: lots of drama
MJR_III: to all those people saying btc isn't backed by anything...it's backed by drama
pgp: it's a 1849 style gold rush in ASICs right now
MJR_III: yep and i think avalon is the clear winner so far
MJR_III: pickaxes
pgp: makes people craxy
MJR_III: the bitbet BFL decision will be fun to watch
pgp: those pickaxes have gone up in value ALOT since they wre pre-ordered...
MJR_III: yep
pgp: ebay list many of them at 1000% of MSRP
MJR_III: think they sold out batch 3 in under an hour...thats 600 x 80 btc AT LEAST for a total of 24000 btc
pgp: how many TH in batch 3?
MJR_III: ;;calc 24000*88
gribble: 2112000
MJR_III: not a bad sale i would say
MJR_III: i think batch 3 was 600 units at 66gh each
MJR_III: minimum
MJR_III: you could order the 88gh version
error4733: 1/3 at 86 imo
error4733: *88
MJR_III: yep
MJR_III: so...200 * 88 and 400 * 66
error4733: ;;calc 66*400
gribble: 26400
error4733: ;;calc 88*200
gribble: 17600
MJR_III: ;;calc 26400+17600
gribble: 44000
error4733: ;;calc 17600+26400 /1000
gribble: 17626.4
pgp: http://mineforeman.com/2013/03/04/more-avalon-asic-miners-delivered/
pgp: say that batch 1 and 2 ws a total of 60 TH - 100% of current network hash rate
error4733: ;;diff
MJR_III: pgp: i don't think it would be that much
MJR_III: the largest batch was batch 3
MJR_III: and that is a total of 44 TH
MJR_III: batch 2 was half the size
MJR_III: 300 units
error4733: any shipping date for #3 ?
MJR_III: last i saw they pushed back
MJR_III: batch 2 is just getting delivered now
error4733: amazing story !
MJR_III: and i THINK, but i may be completely wrong, that may 15th is target delivery date for batch 3
MJR_III: Yifu wrote something about that but I can't find the link
error4733: still before than BFL imo :)
pizzaman1337: ;;ticker
pizzaman1337: laaaag
MJR_III: error4733: yeah
pizzaman1337: ;;goxlag
gribble: 0 seconds
MJR_III: BFL keeps saying, oh tomorrow
MJR_III: avalon got it, they understood what it takes to get the product to market
MJR_III: AND understood that being first was more important
error4733: i guess you read that : http://www.reddit.com/r/Bitcoin/comments/1b8hvt/bfl_josh_updates_on_asic_status_full_transcript/
MJR_III: they used 110nm process
MJR_III: instead of 45nm
assbot: [BTCTC] [S.DICE-PT] 20 @ 0.00459 = 0.0918 BTC [+]
MJR_III: so BFL's stated design may be a better product
MJR_III: but so far it is nonexistent
bgupta: Yeah need to ship to stay in the game
ThickAsThieves: my response on the issue of flash IPOs and Early Bird priced IPOs: https://bitcointalk.org/index.php?topic=146611.msg1701638#msg1701638
bgupta: sometimes worse is better
MJR_III: just another example of management trumping design specs or programming knowledge
thestringpuller: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00337335 / 0.00393508 / 0.00419995 (33159 shares, 130.48 BTC), 7D: 0.0031 / 0.0033864 / 0.0045 (675670 shares, 2,288.09 BTC), 30D: 0.00300001 / 0.00453297 / 0.0063799 (1716703 shares, 7,781.77 BTC)
error4733: MJR, i always read yifu never thinks he can succes to be first
MJR_III: i know
MJR_III: he was trying to stave off monopoly by BFL
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00494 BTC [+]
error4733: so, 110nm
MJR_III: yes
MJR_III: just so there would be diversification in the market
error4733: was not a strategic choise for time
MJR_III: well...he could have waited
error4733: just more easy & cheaper
MJR_III: and prob done a smaller process
MJR_III: he just got it done
MJR_III: cheaper and quicker
MJR_III: and it works and is being delivered
error4733: he want do the same with tablet
MJR_III: I think he felt pressure to keep up with BFL
MJR_III: but was just way better at execution than they were
assbot: [MPEX] [S.MPOE] 29500 @ 0.0006713 = 19.8034 BTC [-]
assbot: [MPEX] [S.MPOE] 13450 @ 0.00066822 = 8.9876 BTC [-]
MJR_III: fuck
MJR_III: that was a lot of shares
MJR_III: someone thinks there won't be much of a dividend i guess
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7295 BTC [-]
error4733: i still think in this big money business, should be easy to give 50K$ in china to fuck up a concurrent
error4733: for 6 month
error4733: change a little setting in any part of the process and you get 6 more month delay
MJR_III: true
error4733: *tinfoil hat*
MJR_III: think its possible but unlikely
MJR_III: in this specific case, there were only 3 real contenders
MJR_III: so weird
MJR_III: mt.gox is laggier than bitcoinity.org
MJR_III: error4733: i hope that the tablet works
MJR_III: i think that one thing is becoming clear, from kickstarter projects and bitcoin projects, creating a cool website is not the same thing as creating a viable business
mircea_popescu: MJR_III better hosting :p
kakobrekla: http://bitbet.us/bet/307/bfl-will-deliver-asic-devices-before-july-1st/#c480
MJR_III: mircea_popescu: hehehe
kakobrekla: is this troll?
mircea_popescu: must be
kakobrekla: i wouldnt be suprised if it wasnt
MJR_III: but the main difference between web based ideas and the other businesses is interaction with the real world
MJR_III: everyone focuses on CEO/CTO in this space...but COO is where you really shine
KRS1: word.,
MJR_III: mircea_popescu: i wasn't aware that you did web hosting, but I saw the little hosted by mpex on bitcoinity
assbot: [MPEX] [S.MPOE] 3850 @ 0.00066822 = 2.5726 BTC [-]
assbot: [MPEX] [S.MPOE] 14850 @ 0.00066587 = 9.8882 BTC [-]
assbot: [MPEX] [S.MPOE] 1600 @ 0.00066529 = 1.0645 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]
smickles: lol, just got an email
smickles: mtgox will be depreciated on apr 10 due to legal issues
MJR_III: wait what?
smickles: *mtgoxusd/cad codes
MJR_III: yeah those will be deprecated i had heard
pgp: huh?
MJR_III: they can't use gox coupons
assbot: [MPEX] [S.MPOE] 1000 @ 0.00067955 = 0.6796 BTC [+]
assbot: [HAVELOCK] [VTX] 5 @ 0.479 = 2.395 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.479 BTC [+]
MJR_III: here we go
Bugpowder: It has begun
Bugpowder: I got my bid in at 76.2222
assbot: [HAVELOCK] [SDICE] 1 @ 0.41999996 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.41999997 BTC [+]
assbot: [HAVELOCK] [SDICE] 5 @ 0.41999998 = 2.1 BTC [+]
pgp: yep...
assbot: [HAVELOCK] [SDICE] 1 @ 0.41999999 BTC [+]
KRS1: what happens to gox accounts once "depreciated"
MJR_III: i'm in at 80
MJR_III: KRS1: he meant deprecated
pgp: 2500 just went off
Bugpowder: ;;bids 0
MJR_III: you just won't be able to withdraw USD via Mt. Gox USD codes i think
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.739 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.740995 = 1.482 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.741 BTC [+]
KRS1: oh my bad thanks
MJR_III: i'm looking into the exact details
assbot: [HAVELOCK] [SDICE] 50 @ 0.42 = 21 BTC [+]