smickles: that's like when they were indexing people's root pw a while ago, but worse
mircea_popescu: you know... this is the disadvantge of having coders pretend they're ceos
mircea_popescu: when disaster strikes there's nobody to coordinate corporate efforts
benkay: inb4 mpoe has legit ops
Bugpowder: The inexorable rise of the calls... mmm tastes good
mpexbot: smickles: An error has occurred and has been logged. Please contact this bot's administrator for more information.
mpexbot: smickles: An error has occurred and has been logged. Please contact this bot's administrator for more information.
mpexbot: smickles: An error has occurred and has been logged. Please contact this bot's administrator for more information.
smickles: woah, something is actually wrong
assbot: [HAVELOCK] [KCIM] 2 @ 1.0479 = 2.0958 BTC [+]
kakobrekla: >>[16:27] <aethero> Man, all these people thinking I ran off with money. Kinda sad. 3 day outage and I'm a theif now.
mircea_popescu: his problem is more failing to address deprived's points than anything.
assbot: [MPEX] [O.USD.C101T] 5 @ 0.23024804 = 1.1512 BTC
kakobrekla: that aside, how can one man band take a 3 days off like dat
mpexbot: smickles: O.USD.C101T 1 day: average: 0.23024804 high: 0.23024804 low: 0.23024804 volume: 5 btc: 1.1512402 7 day: average: 0.23024804 high: 0.23024804 low: 0.23024804 volume: 5 btc: 1.1512402 30 day: average: 0.23024804 high: 0.23024804 low: 0.23024804 volume: 5 btc: 1.1512402
smickles: ya know, i think i actually wanted to use depth, anyway :/
mpexbot: smickles: O.USD.P101N Bids: ['1000 @ 0.29751381']
mpexbot: smickles: Asks: ['1000 @ 0.45370856']
mpexbot: smickles: O.USD.C101T Bids: ['1000 @ 0.14333971']
mpexbot: smickles: Asks: ['1000 @ 0.23063909']
assbot: [MPEX] [S.MPOE] 8901 @ 0.00060554 = 5.3899 BTC [+]
assbot: [MPEX] [S.MPOE] 7343 @ 0.00061415 = 4.5097 BTC [+]
assbot: [MPEX] [X.IDIFF.JUN] 60 @ 0.158 = 9.48 BTC [+]
jurov: ^ thoroughly reviled them, but decided to buy them... feels dirty now.
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.75 = 3.75 BTC [-]
jurov: i believe the aren't diluted so much... but it's quite a shaky bet
Bugpowder: if they were generated after March closing, yes
jurov: no, it's between 0.14 and 0.27
jurov: all IDIFFs ever generated averaged out
jurov: at least i'll have a reason to annoy mp again if they fizzle out at 0.15 :D
Bugpowder: I discussed this at great length 6 months ago with mp, I forget
jurov: mp said clearly they are one asset ... so i believe all collateral is put together
Bugpowder: things may have changed / I don't quite recall
assbot: [MPEX] [O.USD.C086T] 15 @ 0.31307618 = 4.6961 BTC
assbot: [MPEX] [O.USD.C086T] 15 @ 0.31309453 = 4.6964 BTC [+]
assbot: [MPEX] [O.USD.C086T] 25 @ 0.31309453 = 7.8274 BTC [+]
ThickAsThieves: is that tiberius getting zinged, or did i do somehting dumb again?
smickles: ThickAsThieves: i think it was part of the play-by-play on the walls
assbot: [MPEX] [O.USD.C101T] 25 @ 0.23064781 = 5.7662 BTC [+]
smickles: also, this not being able to accurately predict how many puts i'll get out of a SPLIT is f-ing killing me
smickles: I thought that I had just given up on it when i put in a 10% wiggle room
Bugpowder: how freaking hard is it to just publish the actual formula?
Bugpowder: Does that reveal too much about the mpoebot pricing algo?
smickles: Bugpowder: well, it would reveal his account of the volatility, since he's said it has to do with volatility based insurance
Bugpowder: maybe there could be a scaling index on the mpex site that you could use to calculate the estimate
mircea_popescu: here's explanation for non inclusion of instawallet txs
Bugpowder: so is this related to the founder's reported breach?
mircea_popescu: stuff to do when you're sick. have toes suckled, play poe, jasmin tea...
smickles: aw, crap. I'm going to give that a try now, i suppose
benkay: the toes thing always makes me giggle
assbot: [HAVELOCK] [KCIM] 2 @ 1.09 = 2.18 BTC [+]
benkay: it's too hard to do surriousface while my toes are getting tongued
jurov: well, one of -assets core denizens just failed to notice options renaming and freaked out
jurov: i'll rather keep his name secret to prevent embarrassment
benkay: mp have you ever fucked around with dwarf fortress?
benkay: strong similarities to nethack
mircea_popescu: @Mircea_Popescu 13m @JessicaKRoy Strippers everywhere have been doing this for many many years.
mircea_popescu: @JessicaKRoy 10m @Mircea_Popescu Is that you in your Twitter background??
benkay: featuring "adventurer" mode and "fortress" modes
benkay: or she's playing twitter the same way you play poe.
Namworld: ziggap is down the drain in value
assbot: [MPEX] [S.MPOE] 8700 @ 0.0006 = 5.22 BTC [-]
Bugpowder: sorta feels like 105 might be going shortly
assbot: [HAVELOCK] [SDICE] 1 @ 0.40989999 BTC [-]
Namworld: at this rate BTC either replaces other currencies or makes the msot epic crash ever...
Troic_: or some where in between :)
gribble: smickles was last seen in #bitcoin-assets 25 minutes and 12 seconds ago: <smickles> fun game
gribble: BTCUSD ticker | Best bid: 105.48528, Best ask: 105.99000, Bid-ask spread: 0.50472, Last trade: 105.48528, 24 hour volume: 85532.71774427, 24 hour low: 92.20000, 24 hour high: 105.99000, 24 hour vwap: 99.52134
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 86.04499804 / 100.46060009 / 132.19053746 (9160 shares, 4,506.96 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
Namworld: at this rate in like 5 weeks we're at infinite USD/BTC
thestringpuller: In order support a full economy BTC requires 1000-5000 USD per coin
assbot: [MPEX] [S.BBET] 10000 @ 0.00201393 = 20.1393 BTC [-]
assbot: [MPEX] [S.BBET] 5000 @ 0.00201394 = 10.0697 BTC [+]
assbot: [HAVELOCK:HIM] 1D: 2.06000000 / 2.06 / 2.06000000 (2 shares, 4.12000000 BTC), 7D: 1.41000000 / 1.79268326 / 2.08000000 (215 shares, 385.42689996 BTC), 30D: 1.40000000 / 1.78615393 / 2.08000000 (739 shares, 1319.96775265 BTC)
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.749999 = 1.5 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.741 BTC [-]
thestringpuller: mircea_popescu i think you have provided an opportunity given you don't hedge
nanotube: smickles: pong. redirect help to list you want?
thestringpuller: Someone could provide bondholders a service to hedge their risks
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.25103 BTC [-]
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.25103 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.735 = 3.675 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.736 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.7301 = 2.1903 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7301 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.73 BTC [-]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00999 BTC [-]
assbot: [BTCTC] [BTC-BOND] 6 @ 0.0099 = 0.0594 BTC [-]
assbot: [BTCTC] [BTC-BOND] 19 @ 0.0099 = 0.1881 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.726 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.726 = 1.452 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.725 = 3.625 BTC [-]
thestringpuller: mircea_popescu : since mpoe is like "ground" in that option hedges flow to it, one could provide a second tier of insurance to the bondholders. Essentially cutting up the exposure and selling it off...
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7241 BTC [-]
assbot: [BTCTC] [BITVPS] 1 @ 0.00401 BTC [-]
assbot: [BTCTC] [BITVPS] 100 @ 0.004 = 0.4 BTC [-]
assbot: [BTCTC] [BITVPS] 100 @ 0.004 = 0.4 BTC [-]
jborkl: at this rate SD will be over 4 million bets tomorrow
jurov: these last 3 bbet trades were particularly derpy... inb 3 coinbr users
assbot: [MPEX:S.DICE] 1D: 0.0031 / 0.00346482 / 0.00419788 (71207 shares, 246.72 BTC), 7D: 0.0031 / 0.00332803 / 0.0045 (705238 shares, 2,347.06 BTC), 30D: 0.00300001 / 0.00433193 / 0.006225 (1671034 shares, 7,238.81 BTC)
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7231 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.7222 = 7.222 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.722 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7212 BTC [-]
assbot: [MPEX] [S.DICE] 2800 @ 0.00389 = 10.892 BTC [-]
dub: this clit is both malformed and unresponsive
benkay: sounds like a waste of time
dub: I yearn for another kind of clit
mod6: I AM THE CLIT COMMANDER
dub: this toshiba clit is too small, rough to the touch and blue
dub: whereas my stinkpad clit is bigger, flatter and more correctly hued
dub: also clit use in general is painful without a scroll button
assbot: [BTCTC] [BTC-BOND] 5 @ 0.01 = 0.05 BTC [+]
jurov: CoinBr referrals paid out and monthly fee levied.
jurov: Monthly fee was halved due to March problems.
gribble: mod6 was last seen in #bitcoin-assets 7 minutes and 55 seconds ago: <mod6> I AM THE CLIT COMMANDER
jurov: thestringpuller, I think S.MPOE moves quite independently from the bonds, no?
jurov: then i don't understand what you have in mind
thestringpuller: So provide a service that buys mpoe bonds essentially at some price if things go bad
jurov: and who will eat the loss then?
thestringpuller: That's their job. Internally they can cover the losses anyway they see fit.
thestringpuller: Via another asset that paid off or some other revenue stream
jurov: still i don't get it. MPOE is obliged to pay out exercises, not "as it sees fit"
thestringpuller: Bond holders however can sell their stake to some service who specializes in hedging. For when things go awry
thestringpuller: Bondholders have no way to exit their position if things go bad
jurov: perhaps it would be best to explain on practical example of MPBPT
jurov: so , if you were tahat service, you'll place a bid at, say, 0.09 (nominal value is 0.1)?
jurov: and how would you recover it?
thestringpuller: Diversification or other parts of the portfolio. You make some revenue from the 10% under bid.
jurov: there were actually some such bids
thestringpuller: MPOE passes exposure to bondholders, bondholders should be able to pass exposure to another party
jurov: i already advised bondholders to hedge using options (and i actually did myself)
gribble: mod6 was last seen in #bitcoin-assets 25 minutes and 14 seconds ago: <mod6> I AM THE CLIT COMMANDER
jurov: don't see any other possibility, since btc price can exceed any independent hedge
jurov: mod6 is commanding clit, don't disturb
jurov: ... so the best hedge is to put something into mpoe's other end
jurov: insurance usually doesn't deal with 300% increase in a month...
thestringpuller: Lets say a legit BTC insurance company exist using a reserve-invest model
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.759 BTC [+]
thestringpuller: If writing options are bad one month, perhaps there was drought so there were 0 flood insurance claims
jurov: then it's diversification, not a hedge
jurov: well, so if it was 50% bonds / 50% something else
jurov: what made 20% in March to offset bonds loss?
jurov: only MPOE call options afaik.
jurov: or maybe shorting ziggap, lol
mpexbot: smickles: ^OIX 1 day: no data 7 day: average: 100.46060009 high: 132.19053746 low: 86.04499804 volume: 9160 btc: 4506.96446122 30 day: no data
thestringpuller: My scenario is hypothetical and in a world where btc services are more developed, vis-a-vis, a btc insurance company
jurov: Actually, I think we're onto something here for someone who has the balls.
jurov: Since MPOE options can provide roughly 5x leverage as MP wrote
jurov: a fund that invests 60% into bonds, 20% into calls, 20% into puts
jurov: ... well, that needs quality time with spreadsheet.
smickles: jurov: i don't think mpbor are a good investment
jurov: smickles, care to elaborate?
smickles: jurov: i don't like the limited gain with unlimited loss, and the delay of moving into and out of it. maybe i should look at the coinbr offering on bitfunder
smickles: ThickAsThieves: thanks for that link :)
jurov: o, CoinBr.MPBPT-* link is the raw thing, just sliced to 0.1BTC parts.
assbot: [HAVELOCK] [VTX] 10 @ 0.53 = 5.3 BTC [-]
jurov: if i found a way to improve it, i'd certainly spam it around everywhere :D
jurov: smickles, if MPBPT would be redirected to soebot instead, would you know how to limit possible loss?
assbot: [HAVELOCK] [VTX] 5 @ 0.511 = 2.555 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.509 = 1.018 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.505 BTC [-]
smickles: jurov: could i not buy it and sell it partway thru the month tho?
jurov: you would be able to buy/sell against MPBPT orderbook on BF
smickles: that's a bit of an improvement there
smickles: soebot isn't ready for primetime yet
smickles: well, part of the problem with mpbor is that it takes so long to enter and exit positions on it
smickles: one could've seen this recent loss coming before anyone else, and not been able to do anything about it
jurov: that's problem inherent to mpex.. so that cover must be kept until the end of the month
smickles: but if you had mpbpt instead, there is at least the possibility of selling when you see a bad cloud
jurov: yea, some sold at 0.9, that is possible already
jurov: but i'm asking how the bot comes to picture
jurov: interaacting with bf order book
kakobrekla: how come that scammy nvc is trading higher than ltc
smickles: and i'd like to take funding for for soebot, since most of the time it just sits there and says, I need more X
smickles: but there are still, even now things to be sorted out with mpex interaction
jurov: hahaha, i *so* know
smickles: so far this month, i've put at least 24 btc to surety for absoluty nothing
jurov: smickles, if you can't afford to license coinbr code, maybe we can think about alphatesting an api
smickles: kinda funny how many of those i have
assbot: [HAVELOCK] [SDICE] 1 @ 0.44499999 BTC [+]
smickles: jurov: so you know the volatility impact on SPLIT insurance addition to strike/spot?
assbot: [HAVELOCK] [VTX] 5 @ 0.574999 = 2.875 BTC [+]
Diablo-D3: why do people think BFL is actually shipping?
Diablo-D3: is this some april fools joke I missed?
jurov: no it's marketing campaing to promote idiff futures :D
smickles: the same reasone peeps believe in god is my guess
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.75999 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.759999 = 3.04 BTC [+]
assbot: [HAVELOCK] [SDICE] 5 @ 0.43 = 2.15 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.41 = 0.82 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.4 = 1.2 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.4 = 0.8 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.574999 = 1.15 BTC [+]
assbot: [HAVELOCK:HIM] 1D: 2.06000000 / 2.06 / 2.06000000 (2 shares, 4.12000000 BTC), 7D: 1.45000000 / 1.872268 / 2.08000000 (175 shares, 327.64689996 BTC), 30D: 1.40000000 / 1.7876777 / 2.08000000 (733 shares, 1310.36775265 BTC)
gribble: There are currently 10674.488 bitcoins offered at or under 110.0 USD, worth 1149842.29518 USD in total. | Data vintage: 0.0012 seconds
gribble: There are currently 30415.187 bitcoins demanded at or over 90.0 USD, worth 2848518.63728 USD in total. | Data vintage: 0.0072 seconds
gribble: A market order to sell 30000 bitcoins right now would net 2811151.8105 USD and would take the last price down to 90.0000 USD, resulting in an average price of 93.7051 USD/BTC. | Data vintage: 12.6458 seconds
gribble: BTCUSD ticker | Best bid: 104.00001, Best ask: 104.33999, Bid-ask spread: 0.33998, Last trade: 104.00000, 24 hour volume: 90714.89784916, 24 hour low: 92.23610, 24 hour high: 106.00000, 24 hour vwap: 100.05563
assbot: [MPEX:S.MPOE] 1D: 0.0006 / 0.00060425 / 0.00061415 (271863 shares, 164.27 BTC), 7D: 0.0006 / 0.0006523 / 0.00068374 (2448763 shares, 1,597.33 BTC), 30D: 0.0006 / 0.00072549 / 0.00078628 (18056344 shares, 13,099.71 BTC)
gribble: There are currently 35053741 bitcoins demanded at or over 0.0 USD, worth 9955250.10568 USD in total. | Data vintage: 0.0094 seconds
mpexbot: smickles: 997 unconfirmed transactions. Oldest dated: 2013-03-30 20:00:57
assbot: [MPEX] [S.MPOE] 15223 @ 0.0006 = 9.1338 BTC [-]
assbot: [MPEX] [S.MPOE] 4058 @ 0.0005973 = 2.4238 BTC [-]
assbot: [MPEX] [S.MPOE] 1619 @ 0.00059218 = 0.9587 BTC [-]
assbot: [MPEX] [S.MPOE] 8500 @ 0.00061282 = 5.209 BTC [+]
jurov: 0.001 -> 0.0005 + 0.0005 txfee
dub: sent from 1Fuck to the btcentral addy
benkay: someone caught giving a fuck?
assbot: [BTCTC] [ASICMINER-PT] 50 @ 0.740001 = 37.0001 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 7 @ 0.74 = 5.18 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7351 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7321 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.732 = 1.464 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.73 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.73 BTC [-]
assbot: [HAVELOCK] [VTX] 11 @ 0.574999 = 6.325 BTC [+]
benkay: hm. who hosts a good btc-ltc chart?
assbot: [HAVELOCK] [VTX] 8 @ 0.574999 = 4.6 BTC [+]
assbot: [HAVELOCK] [VTX] 5 @ 0.57499999 = 2.875 BTC [+]
dub: thats over 9000 per 9 months
assbot: [HAVELOCK] [HIM] 2 @ 2.0599 = 4.1198 BTC [-]
mircea_popescu: ha! BitBet has resolved ~400 btc worth of bets this month so far.
mircea_popescu: <jurov> mod6 is commanding clit, don't disturb < lmao. o gawd, best comedy show in town this chan.
mircea_popescu: ;;later tell thestringpuller yea, the MPCDO stuff tried to.
mircea_popescu: <smickles> one could've seen this recent loss coming before anyone else, and not been able to do anything about it << of fucking course. that is the point of it, you have to actually provide the service, as a bondholder.
mircea_popescu: <smickles> "1.0 BTC for 0 O.USD.P086T" << you're kinda misusing that. it's not really intended to do 1 contract at a time. do 1k.
Namworld: there's some high fees on the options this month...
Namworld: did everyone up the % they ask on deposits?
assbot: [BTCTC] [S.MPOE-PT] 120 @ 0.000639 = 0.0767 BTC [+]
mircea_popescu: i think the driving force here is just how poor / desperate americans are.
assbot: [BTCTC] [S.MPOE-PT] 9 @ 0.000648 = 0.0058 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 47 @ 0.000658 = 0.0309 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 652 @ 0.000674 = 0.4394 BTC [+]
mircea_popescu: they will basically spend 2x to buy some ersatz of anything just as long as it's niominally cheaper.
kakobrekla: trading higher than 'long' established LTC
mircea_popescu: "by buying tv dinners which are just as good as actual food, i only pay $5 instead of $50!!11"
mircea_popescu: except tv dinners aren't really just as good as actual food.
jborkl: why buy 10 fax rolex when you can buy 1 real one
mircea_popescu: in fact the costs of maintaining your metabolic health on junk food are about 2x what you'd pay if you just ate cooked stuff.
mircea_popescu: jborkl i dunno, but more fakes are sold than original.
jborkl: poor people make bad choices
assbot: [BTCTC] [S.MPOE-PT] 1029 @ 0.000675 = 0.6946 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 281 @ 0.000675 = 0.1897 BTC [+]
mircea_popescu: so basically the reason russians are so weak in btc is that for whatever reasons they've decided to move to ltc at some point ?
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01 BTC [+]
assbot: [HAVELOCK] [VTX] 6 @ 0.565 = 3.39 BTC [-]
smickles: < mircea_popescu> <smickles> "1.0 BTC for 0 O.USD.P086T" << you're kinda misusing that. it's not really intended to do 1 contract at a time. do 1k. <<< i'm not sure i'd want to do 1k if i can't predict what i'm going to get out of it
assbot: [HAVELOCK] [VTX] 2 @ 0.565 = 1.13 BTC [-]
smickles: i don't mind a rounding error, but i'd like to be able to ensure i'm on the 896 side w/o risking going to 897
smickles: as it is now, i have that risk, and it's still unquantifiable :o
mircea_popescu: well if you need 1 contract granularity there's a problem
mircea_popescu: it's easy enough for calls - those always give you exactly the btc
assbot: [HAVELOCK] [SDICE] 4 @ 0.402 = 1.608 BTC [+]
ChaangNoi: the high ratio was .0199 when btc on gox was over $100 so it sorta was over $2,
assbot: [HAVELOCK] [SDICE] 5 @ 0.4005 = 2.0025 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.40000001 BTC [-]
assbot: [HAVELOCK:HIM] 1D: 2.05990000 / 2.05995 / 2.06000000 (4 shares, 8.23980000 BTC), 7D: 1.45000000 / 1.87438814 / 2.08000000 (177 shares, 331.76669996 BTC), 30D: 1.40000000 / 1.78841844 / 2.08000000 (735 shares, 1314.48755265 BTC)
gribble: BTCUSD ticker | Best bid: 103.10001, Best ask: 103.70000, Bid-ask spread: 0.59999, Last trade: 103.70000, 24 hour volume: 92564.85061965, 24 hour low: 92.23610, 24 hour high: 106.00000, 24 hour vwap: 100.26209
assbot: [HAVELOCK] [SDICE] 6 @ 0.4 = 2.4 BTC [-]
smickles: mircea_popescu: well, i gotta complain about something ;)
mod6: oh smickles, were you looking for me?
ChaangNoi: i would have never expected ltc to go up this fast, its crzy
smickles: mod6: naw, not really, i just wanted the seen command to repeat your last line again :)
ChaangNoi: in the 40 to 75 cent range, and i thought i was doing well at the time, lol
mod6: I love jay & silent bob.
ChaangNoi: if gox lists litecoin, it will be huge for ltc
assbot: [HAVELOCK] [SDICE] 6 @ 0.4 = 2.4 BTC [-]
smickles: the lag will be made worse by expanding the product line
assbot: [HAVELOCK] [VTX] 3 @ 0.5748 = 1.7244 BTC [+]
smickles: you really wanna start talking about set theory mircea_popescu ?
assbot: [HAVELOCK] [VTX] 5 @ 0.565 = 2.825 BTC [-]
smickles: well, not that i'm well versed on the topic, but ... oh
ChaangNoi: its like if there was only the usd then lulz but cuz other fiat too they all gain
ChaangNoi: lol you think that 20 million only came from btc and not fiat? lhahahalolhaha
Bugpowder_: let's be serious here. People are so desperate to get in on something 'cheap' that might explode in price, they are driving up another spec bubble in litecoin
Bugpowder_: most people are probably buying it with BTC
ChaangNoi: bugpowder once ltc is listed on gox i see ltc tradeing in the $15 range soon
ChaangNoi: you think it will get to the $20s?
Bugpowder_: its hard to get USD into BTC-e, so most is probably BTC buyers
Bugpowder_: I almost pulled the trigger this morning
Bugpowder_: but I just don't want to get off the BTC train
ChaangNoi: i have traded btc for ltc for over a yeay and had all my ltc paid for so i just held to see what would happen
ChaangNoi: im pleased to see this but really, gox is just going to make the price jump more
ChaangNoi: tiberslav even so, im very pleased:)
Bugpowder_: It took $2M total volume to >2x the price
ChaangNoi: i clearly dont need to go back to econ 101, i ahve the phat wallets to prove it:)
assbot: [HAVELOCK] [SDICE] 4 @ 0.4 = 1.6 BTC [-]
ChaangNoi: for some lolz go check the nmc price on btc-e
ChaangNoi: well they are giant compared to tiberslav, i doubt im at your level
ChaangNoi: tiberslav do you even have a whole btc?
KRS1: that is frkn awesome you guys are set
ChaangNoi: see that is just a good problem to have, be able to lose that much and stil be like whatever
KRS1: i imagine it might be hard to unload all that btc for currency
ChaangNoi: tiberslav your exparts are amazing
KRS1: uncle sam come knocking for that 40% too
Bugpowder_: tiberiusiv: 1-2 more straight up months with no late pullbacks, he will be in pain
Bugpowder_: If it goes up and down, he gonna make da money
Bugpowder_: he wins the more often move in an out of a position
Bugpowder_: its pretty obvious is you watch the trades
Bugpowder_: so which is it, is he going broke, or has not lost anything left
assbot: [HAVELOCK] [SDICE] 2 @ 0.4 = 0.8 BTC [-]
Bugpowder_: I know personally about more than 1/100th of the volume
assbot: [MPEX:S.BBET] 1D: 0.00201393 / 0.00201393 / 0.00201394 (15000 shares, 30.21 BTC), 7D: 0.00050015 / 0.00199592 / 0.002014 (25320 shares, 50.54 BTC), 30D: 0.00050015 / 0.00183401 / 0.00201401 (157420 shares, 288.71 BTC)
mircea_popescu: kakobrekla i just realised you're a nominal millionaire.
assbot: [HAVELOCK] [SDICE] 1 @ 0.40199999 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.42899998 BTC [+]
assbot: [HAVELOCK] [SDICE] 13 @ 0.42899999 = 5.577 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.44499999 BTC [+]
smickles: funny, earlier today, i realized i could pay off my car loan
ChaangNoi: i had some cuz maybe they could use it for something later, but i saw the jump and was like fuck it
kakobrekla: ChaangNoi dump some nmc so we get some more no bets on the 0.02 before it breaks it
smickles: ;;rate tiberiusiv 1 motivates people
gribble: Error: For identification purposes, you must be authenticated to use the rating system.
dub: it was at 58, then dropped to 51 for a few days, been climbing since
gribble: There are currently 35146688 bitcoins demanded at or over 0.0 USD, worth 10247783.7207 USD in total. | Data vintage: 5.9890 seconds
mpexbot: smickles: 1010 unconfirmed transactions. Oldest dated: 2013-03-31 01:54:01
ThickAsThieves: even known AM, Avalon and GPUs can't account for that much can it?
bgupta: Err… bitcoin at 104+ interesting.
dub: dude BFL shipped already
gribble: There are currently 35147078 bitcoins demanded at or over 0.0 USD, worth 10258338.809 USD in total. | Data vintage: 24.8391 seconds
ThickAsThieves: yeah they shipped a cellphone pic of the unit Luke was remoting into
gribble: There are currently 14814.273 bitcoins offered at or under 120.0 USD, worth 1632425.24456 USD in total. | Data vintage: 45.1614 seconds
Bugpowder: I think we have a 50% chance of hitting 200 this month
ThickAsThieves: its bad cuz i dont own any so make a new one taht i can?
gribble: There are currently 39501.232 bitcoins offered at or under 10000.0 USD, worth 13402145.1671 USD in total. | Data vintage: 23.2896 seconds
bgupta: I like the jist of the forbes article.. Bitcoin is bad "currency" but a great enabler of innovation in the finance space. (They didn't say it, but it's akin to the innovation to publishing that the internet brought.. e.g. self publishing, decentralization, room for new leaders and business models, etc.)
bgupta: Realistially I'm sure sellers would come out of the woodwork if btc started making a race for 10k
gribble: There are currently 36910.854 bitcoins offered at or under 500.0 USD, worth 6594850.84906 USD in total. | Data vintage: 0.0058 seconds
smickles: btc at 10k, i'll have some purchases to make
bgupta: hell even though I'm a big fan, I could lighten my position by a asmall amount and have the proceeds have a serious impat on my life.
Diablo-D3: so I think today is lets make fun of Luke-Jr
Diablo-D3: Luke-Jr refuses to get his BitFunder account so he can get DMC dividends.
Luke-Jr: I should post a scammer tag request for Diablo-D3 just for the lulz
Luke-Jr: Ukto: it's your fault Diablo-D3 is a scammer btw
dub: the funny here is that Luke-Jr invested in DMC
Luke-Jr: dub: Diablo-D3 refuses to give me my dividends
Diablo-D3: the funny here is he wont fix his account because HIS DIVIDENDS ARE IN HIS ACCOUNT
Diablo-D3: I have zero access to other customer's accounts because, you know, that'd be illegal.
Diablo-D3: that'd be like luke calling up Apple because he wants his dividends instead of calling up Vangard
Luke-Jr: Ukto: Diablo-D3 is blaming you for his not paying my dividends
Diablo-D3: Ukto: no, Im blaming Luke-Jr for not talking to you to get his account fixed
Ukto: everyone blames me for everything
Ukto: I will accept your love.
Luke-Jr: I don't want to use BitFunder, I just want my dividends.
gribble: There are currently 6961.6516 bitcoins demanded at or over 100.0 USD, worth 708089.196113 USD in total. | Data vintage: 0.0043 seconds
Luke-Jr: my relationship with DMC was via GLBSE
gribble: A market order to sell 50000 bitcoins right now would net 4580113.0445 USD and would take the last price down to 80.0000 USD, resulting in an average price of 91.6023 USD/BTC. | Data vintage: 9.8758 seconds
Ukto: Luke-Jr: I'm sorry.
Ukto: I can't do anything to countermand that.
Luke-Jr: so it's Diablo-D3's fault, as I suspected
toffoo: Luke-Jr: I have DMC in my BitFunder accnt .. if we can figure out some way to xfer your DMC shares into mine I'd be happy to pass along a %age of your divs
Diablo-D3: Ukto: he cant log into his account
Luke-Jr: toffoo: the reason I'm not using BitFunder is that it doesn't work
Ukto: BitFunder currentl has no method to pay dividends to non-user accounts
Diablo-D3: Luke-Jr: at no point did you hold shares directly with DMC
Ukto: Luke-Jr: are you having login issues?
Ukto: or just dont wanna sign up
Diablo-D3: if you had, I'd e paying you shares directly
Luke-Jr: Ukto: I signed up, and tried to claim my GLBSE crap, and it didn't work
Diablo-D3: Luke-Jr: and you didnt even email tech support
Diablo-D3: this is why everyone laughs at you
Ukto: Luke-Jr: Then let me help you :)
Luke-Jr: Diablo-D3: nonsense, I bought my shares before they were on GLBSE even!
bgupta: I'm sure Ukto can sort out Luke-Jr.. (Can you guys please take it offline though.)
dub: tiberiusiv: man, I kinda like your trolling style but Luke-Jr is the ubertroll, you should give up at this point
Luke-Jr: besides, I'm busy killing litecoin atm
Ukto: Luke-Jr: gonna have to fight tux on that one. he's trying to make it bigger :P
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.189 BTC [+]
toffoo: doesn't look like that's been too successful today
Ukto: Luke-Jr: When you clicked on the claim link in bitfunder, did it already show a DMC share pending? or is your email address on BitFunder different than GLBSE?
assbot: [BTCTC] [BTC-TRADING-PT] 7 @ 0.1895 = 1.3265 BTC [+]
Diablo-D3: Luke-Jr: you had the loan repaid in shares, nothing more, nothing less
kakobrekla: Luke-Jr and how you gonna kill litecoin?
dub: tiberiusiv: srsly, nothing we can say to Luke-Jr is more fucked up than the shit floating around in his head
Luke-Jr: Ukto: I forget, it was months ago
Ukto: Diablo-D3: I have not looked, does he have a pending claim on the system?
Luke-Jr: Ukto: Tux is *why* I'm bothering to kill litecoin
Diablo-D3: Ukto: I presume so, but obviously I cant go look
toffoo: maybe that would kill GPU/CPU miners, but not litecoin
kakobrekla: is that litecoin on gox even conifrmed?
Luke-Jr: toffoo: I just shut off transactions once I have 99%
Diablo-D3: Ukto: he, in the past, has held DMC shares
Diablo-D3: Ukto: I do not know if he currently does
Luke-Jr: Diablo-D3: yes, shares from DMC.
Ukto: I see the issue I think
smickles: i want an ERB Luke-Jr vs tiberiusiv
Ukto: thestringpuller: here, lemme throw 10btc in real quick to no
Diablo-D3: Luke-Jr: and you're asking me after the third dividend payment sent to DMC shareholders as well
Diablo-D3: smickles: catholic style vs dirty negro style?
Luke-Jr: Diablo-D3: YOU SCAMMED ME OUT OF 2 BEFORE THIS⁈/
Diablo-D3: Luke-Jr: SUBSCRIBE TO THE FUCKING THREAD
assbot: [BTCTC] [BTC-BOND] 9 @ 0.01 = 0.09 BTC [+]
benkay: the chats weren't logged?
Bugpowder: they are logged by others, but not me
dub: Diablo-D3: what were the divs btw? I guess if we hit $5k I might need to claim my 1 DMC
dub: (that I bought for 1 satoshi)
mircea_popescu: <dub> the funny here is that Luke-Jr invested in DMC <<<
Diablo-D3: dub: this month was ~55 over 10k shares
dub: well the funny in that is that my bid at 0.00000001 filled
assbot: [MPEX] [S.DICE] 3 @ 0.00398998 = 0.012 BTC [+]
Diablo-D3: didnt that get filled on like the last day of glbse or something?
mircea_popescu: he's certainly the one bitcoiner most likely to go shoot up a school or some shit
dub: to fully disclose I held a great many more DMC shares for short periods as I assisted in destroying their value
bgupta: mircea_popescu: Interestingly the author is long btc.. anyway, the point is you don't need to accept that btc has the characteristics that make a currency useful, to see that it is useful. It seems to trade like a hybrid between some collectible, a currency, and a early stage startup's equity .
BitHub: so bfl giving a asic to jr, bad pr?
bgupta: mircea_popescu: As long as the price remains so unstable it's going to be challenged as a day to day currency.
Diablo-D3: thats the only way to prove their legitimate at this point
ThickAsThieves: it's a stable diagonal line, thats the best kind right?
BitHub: are bfl still on that world tour 3 month boat cruise thing?
bgupta: Diablo-D3: To sen d YOU a rig?
BitHub: "discovering themselves"
assbot: [MPEX] [S.BBET] 8 @ 0.00195 = 0.0156 BTC [-]
mircea_popescu: so basically because the usd is an inflationary piece of shit
Diablo-D3: mircea_popescu: I agree with their assesment
assbot: [HAVELOCK] [SDICE] 4 @ 0.4359999 = 1.744 BTC [-]
Diablo-D3: if you use USD as the golden standard, Bitcoin is the worst possible currency you could create
Diablo-D3: I mean, thats one hell of a backhanded complement
assbot: [MPEX] [S.MPOE] 30 @ 0.00060272 = 0.0181 BTC [-]
Diablo-D3: if you have actual diarehea, gatoraid would be your best bet
ThickAsThieves: if "=PriceMPEX("O.BTCUSD.C310T","S")" used to pull the old options into a spreadsheet, what would I have to change it to for new options?
Diablo-D3: stopping the diarehea isnt a good idea unless they simply cant get fluids back into you fast enough
Namworld: and I updated my spreadsheet by the way
Namworld: =PriceMPEX("O.BTCUSD.C310T","S")
smickles: (or 29, depending on which way was better for you)
assbot: [HAVELOCK] [SDICE] 1 @ 0.436 BTC [+]
gribble: There are currently 35147801 bitcoins demanded at or over 0.0 USD, worth 10305059.9642 USD in total. | Data vintage: 24.6499 seconds
gribble: Current Blocks: 229233 | Current Difficulty: 6695826.282596251 | Next Difficulty At Block: 229823 | Next Difficulty In: 590 blocks | Next Difficulty In About: 2 days, 21 hours, 4 minutes, and 23 seconds | Next Difficulty Estimate: 7678465.63048 | Estimated Percent Change: 14.6754
bgupta: micea_popescu: what is the purpose of a currency? My understanding is that it is to facilitate day to day commerce. Buying eggs and bread and shit, so people don't have to barter. For this purpose, it sucks. Remember the volitility is not just in one direction..
smickles: omg, i love finding math wich is over my head, but seems within my grasp :D *squee#
bgupta: mircea_popescu: ^^ typo.. anyway, that's not to say it can't grow into a good currency
assbot: [MPEX] [O.USD.C101T] 30 @ 0.23623945 = 7.0872 BTC [+]
mircea_popescu: this is like saying "what is the purpose of a car! to drive on new jersey turnpike!"
Bugpowder: taxes are the purpose of a currency
assbot: Hell, ain't we about more fucked than a whore at closin' time, huh?
mpexbot: smickles: ^OIX 1 day: no data 7 day: average: 100.51048048 high: 132.19074012 low: 86.04499804 volume: 9190 btc: 4514.05164472 30 day: no data
mircea_popescu: i mean saying its purpose is to measure commerce / act as medium of exchange etc is one thing
mircea_popescu: but then to reduce that to such a narrow use seems fallacious.
ThickAsThieves: the kid is actually calm in that video, but he has some wild ones
mircea_popescu: now all that aside : currenlt bitcoin is not workable as a token to buy eggs because a large number of idiots mistakenly refuse to recognise its value.
BitHub: oh jesus, kill it, KILL IT
mircea_popescu: that'll resolve itself soon enough, and then there's the rest of eternity to bitcoin back and forth
BitHub: looks like that chick from larry david, Wanda
assbot: [MPEX] [S.DICE] 2500 @ 0.00378605 = 9.4651 BTC [-]
benkay: different currencies may be better suited to different things
smickles: my volatility sense is tingling
gribble: BTCUSD ticker | Best bid: 104.80000, Best ask: 105.00000, Bid-ask spread: 0.20000, Last trade: 105.00000, 24 hour volume: 91538.99833040, 24 hour low: 92.65000, 24 hour high: 106.00000, 24 hour vwap: 100.80654
smickles: hmm, decent # of asks dropping
benkay: these chats are logged
gribble: There are currently 7136.2212 bitcoins demanded at or over 100.0 USD, worth 726982.251473 USD in total. | Data vintage: 0.0042 seconds
gribble: There are currently 35564.567 bitcoins demanded at or over 90.0 USD, worth 3370512.9669 USD in total. | Data vintage: 4.4431 seconds
gribble: There are currently 9755.8082 bitcoins offered at or under 110.0 USD, worth 1053292.16897 USD in total. | Data vintage: 0.0117 seconds
mircea_popescu: <Bugpowder> taxes are the purpose of a currency <<< actually if we go by historicval recorxd
mircea_popescu: at least that's how soldiers got to be called soldiers in the first placer.
assbot: [MPEX] [S.MPOE] 3420 @ 0.00060272 = 2.0613 BTC [-]
assbot: [MPEX] [S.MPOE] 15280 @ 0.00061282 = 9.3639 BTC [+]
toffoo: you're right "ORIGIN Middle English: from Old French soldier, from soulde ‘(soldier's) pay,’ from Latin solidus (see solidus). The verb dates from the early 17th cent."
bgupta: mircea_popescu: Ok let's flip this around. What is your definition of a "good currency"?
Bugpowder: The word soldier entered modern English in the 14th century from the equivalent Middle English word soudeour, from Anglo-French soudeer or soudeour, meaning mercenary, from soudee, meaning shilling's worth or wage, from sou or soud, shilling.
benkay: militaries may not be as well funded in the future as the united states is today.
Bugpowder: the roman gold coin was the solidus
Bugpowder: from which sou was eventually derived
Bugpowder: nice study in inflation, the history of the solidus
bgupta: mircea_popescu: Prolly not.. link?
mircea_popescu: once you've read that my definition will make more sense. it is "a good currency is one that doesn't introduce friction for capital allocation"
mircea_popescu: just like a good baseball bat is one that doesn't lower the batter's average.
benkay: you can think about money friction as bleeding money off the wealthy into the rest of the population
benkay: and sort of model it like an entropic thing
benkay: or an ecosystem if you like thinking that way
benkay: it's an unhealthy ecosystem that only has apex predators
mircea_popescu: benkay nah. friction is bleeding money off productive uses into the toilet.
benkay: what's poor even mean in ecosystem dynamics?
mircea_popescu: the poor is any one individual that does not own enough real property or capital to produce one average wage out of its use alone.
mircea_popescu: if you make 50k a year in rents and interests you're not poor.
benkay: is skilled labor poor in this paradigm?
bgupta: well you can't have "rich" without "poor" laboring for their wages
benkay: interesting. because they don't have to work for their income?
benkay: derp i mean that backwards
benkay: don't be a pedant, puppeteer.
benkay: I prefer to sell hours than rent myself.
benkay: but that's neither here nor there.
mircea_popescu: so if you're abny good at it eventually you should accumulate enough wealth to not be poor.
mircea_popescu: of course the socialistoid governments of the uncivilised world would very much prefer a population of poor only.
benkay: what is this anti-getting ahead stuff of which you speak?
benkay: american pop culture is all about the hustle.
thestringpuller: mircea_popescu: but that's only the case if you pass wealth down throughout generations
mircea_popescu: benkay have you considered how taxation works in the us for instance ?
mircea_popescu: the only thingthat's not ok is to get out of the poor into the rich. everytjhing else is fine,
mircea_popescu: but if you get even close to that barrier it's like superficial tension in a water dropplet al oof a sudden
mircea_popescu: but certainly the passing down would be one way to do it, and that's why inheritance is taxed to fuck.
mircea_popescu: one excellent case study of how bitcoin is irretrievably destroying the socialist paradigm.
thestringpuller: there are easier ways around death taxes than death itself
mircea_popescu: bye bye inheritance tax means the system's lifetime is already capped to about 3 generations.
dub: yeah ex had trust fund via gifting
dub: had to forgive $30k/year of debt oslt
benkay: interesting. i don't know that i buy the numbers behind that argument, but it's interesting.
mircea_popescu: benkay numbers intended for exemplification purposes only.
benkay: i'll be running this through the wringer over the coming week
mircea_popescu: people like buffett, who already made it, come up with "we're not taxed enough" sort of statements.
benkay: my tiny brain's already leaking, bro
mircea_popescu: the fact is that a. he's only not being taxed because he isn't paying himself a salary (because he doesn't need to)
mircea_popescu: and b. his only purpose is to fuck up anyone threatening to join his club.
benkay: how do those statements accomplish the above, mircea_popescu?
mircea_popescu: very abridgedly : if you have a bn dollars you pay about 3-5% in tax, or w/e you want.
mircea_popescu: then politics works as an attempt by the billionaire to use the mob[ile vulgus] as a sort of scarecrow to keep the middle class threading water.
benkay: how does the system where you don't have socialism work when you have so many poor, though?
mircea_popescu: "more taxes" won't touch buffet any more than the current taxes do. however, it WILL make whatever business less profitable, and thus less able to produce "nouveau riches"
bgupta: wait, you are arguing that fundamentally (assuming one believes that governments need revenue to provid basic services) that there is a reason that the poor should be taxed a higher percentage of their income than the rich? (Basically Buffett's arguement is that current tax system is regressive and that he was being taxed less than his secretary)
mircea_popescu: basically he's saying "hehehe, i can shelter from tax, therefore you should tax those who can't do it more"
bgupta: well what does it matter if his pay comes from investment income or salary?
BitHub: tax system should just copy kickstarter style of doing it
BitHub: i'd actually be looking foward to paying taxes
BitHub: putting my money to good use and tracking the progress of it
benkay: so. how do handle mob in post forced tax environment?
bgupta: why would anyone choice to be the one sucker who is paying taxes. What is the incentive?
mircea_popescu: bgupta that is the problem of the people getting paid. klet them explain it.
benkay: bgupta: you pay the police to keep the rabble off of your lawn
mircea_popescu: why would anyone be the sucker paying for restaurant meals ?
bgupta: but individuals would just hope that everyone else pays… it would quickly break down
mircea_popescu: if you propose paying for no service however, that ain't happening and is going away.
mircea_popescu: bgupta i would absolutely not pay a cent for the tsa say
mircea_popescu: so within a few weeks tsa would break down and go away/
mircea_popescu: perfect example of marketplace curtailing political idiocy.
benkay: what about fire department problem?
benkay: hey man, flame off. just counter it calmly.
benkay: tiberiusiv i don't understand the analogy
mircea_popescu: anyway. if greek remaining bits are any indication, political debate would move to include a large chunk of "let me tell you how much i've donated"
benkay: right and we let the poor parts of the city burn
benkay: which is fine most of the time
mircea_popescu: they burn, they get redeveloped into houses for rich people, the poor get to live in as servants
benkay: except for those times when all of chicago burns down
mircea_popescu: this idea that we're all equal and so forth is pernicious.
bgupta: If all of a sudden income tax was optional.. the central gov't would have NO revenue. , and services would revert to neighborhood vigilante services.. think "paying the mob for protection".. I can't see this happening…
benkay: police states are pretty cheap for those at the top relative to the rents extracted
bgupta: You're basically proposing anarcocapilast society.
benkay: i don't know where to even start man.
benkay: but it's drinking time.
mircea_popescu: there's currently a trolling technique called "swatting".
KRS1: once capitalist, i think we are now just crapitalist
mircea_popescu: this amply proves why central socialist govt is worse than the mob
Diablo-D3: Ukto: did you fix luke's shit yet?
bgupta: well I can't see it happening in the US, basically the US "mass" citizens will pay taxes if they get what they think they want, and they don't feel that they are being taxed unfairly.
mircea_popescu: (tho the fact that the mob defeats socialist states everywhere, from russia to iran and etc) is pretty good proof of the superiority of the system
mircea_popescu: or moreover, of the incredibly brokedness of socialism as a form of govt.
KRS1: shhhhhh...they're listening.
bgupta: (IE: Unfairly means more than their equivalent neighbor)
Ukto: Diablo-D3: i think they have been claimed.
Diablo-D3: Ukto: seriously, what the fuck is with people
mircea_popescu: pretty much the only us citizens that like taxes are those who get a net benefit from govt servicing.
Diablo-D3: Ukto: he didnt even know glbse was shut down last year
Ukto: mircea_popescu: correct. :)
bgupta: You'd be surprised how many that is.. with the gov't borrowing money like mad.
assbot: [HAVELOCK] [VTX] 11 @ 0.56885555 = 6.2574 BTC [+]
bgupta: So right now 1btc buys about 500 eggs. Assuming that btc/usd ratio keeps going up to say 1000 in a few years. does that mean I'll be able to buy 5000 eggs with 1btc, or are we expecting massive inflation to kick in, in USD terms, and btc prices to stabilise out?
BitHub: i'm a fan of positive reinforcement trolling
bgupta: If that happens, I'd say btc has graduated into a good currency.
mircea_popescu: bgupta i wouldsay the 500 eggs for 1 btc is mostly an effect of btc price being de facto supressed through ignorance/it being new
mircea_popescu: once btc reflects its true value (ie, fiat M3 / btc m3) you can pretty much count that forever more you'll get an egg for 3 satoshi or w/e that works out to
mircea_popescu: i imagine the way it'd work out in practice is you sell out some satoshi for a wad of zimbabew dollars or w/e
bgupta: So in that case, buying btc, seems akin to buying shares in the new world order. And if we aren't ever envisioning a future where one can buy eggs with btc, (even when 1 btc is worth a wheelbarrow full of fiat) there is a problem. We'll need (and probably will) solve the blockchain spam problem.
mircea_popescu: i would think that's exactly it. buying btc is buying shares in the new world order.
mircea_popescu: you notably can't buy eggs directly with google shares.
mircea_popescu: but that does not mean that your google shares aren't what your eggs are ultimately bought with
bgupta: right, hence my arguement that it's not really a great currency… but it doesn't have to be to be a great thing to invest in.
mircea_popescu: i guess someone could trade about 3 semi tractor trailers' load of eggs
bgupta: google shares aren't a great currency either
mircea_popescu: but you mean by currency something that's just a very edge case of what a currency may do
mircea_popescu: while some handguns are more apt for that purpose than others
mircea_popescu: i dunno that many people care about this in a discussion of "a good handgun"
mircea_popescu: incidentally, in most of the world eggs are primarily bought on notebook credit
mircea_popescu: (ie, shop owner has a notebook, marks down your eggs, gets paid once a month)
bgupta: I'm saying that currencies were created to solve the barter systems lack of a of double coincidence of wants. All this wealth, technical progress and all that have been able to be created as a result are just efects of the creation of currency, and not its basic purpose.
mircea_popescu: the original currency unit was worth in the $100k range in today's terms.
bgupta: Really, I thought they paid soldiers in salt, wine and food?
bgupta: what was the original currency unit?
mircea_popescu: the greeks were split on the topic. sparta banned all currency
mircea_popescu: athens used it to settle large scale trade, again much like btc is used today.
mircea_popescu: that currency slowly made it's way into the hands of the poor, in ever smaller denominations, sizes and metals, silver, copper, tin
mircea_popescu: does not make the currency "that which is exchanged for one egg"
mircea_popescu: i think more of an exploratory "what is bitcoin really"
bgupta: Ok one egg, is a bit.. mmm.. hyperbolic.. you can't really even buy one egg with fiat, in most markets. (They are typically sold by the dozen).. The point is bitcoin isn't rally a good currency right now, but it does have attributes which could allow it to become one..
bgupta: I was thinking that once the market cap of btc inc. reaches high enough we could see certain countries starting to back fiat with btc, in which case we'd start to see this sort of stuff changing.
bgupta: but it has a long way to go between now and then.. (which is not as impossible as many would want us to believe.)
bgupta: btw how did you calculate that 1 solidus is worth 100,000 usd in today's terms? (Yeah I was thinking 10 years)
mircea_popescu: if something like that happens again, the local scrip is backed by bitcoin instantly.
mircea_popescu: accounting for the rarity of gold/economy differential and everything... i just came up with 100k
bgupta: err 62 solidus to the roman lb or 5.5 g each
bgupta: 55 USD per gram of gold.
bgupta: however one could argue that since 1 solidus was exchangable for 1000 denarii.. then perhaps one can calculate it as worth 1000 x 6.8 grams of silver.
mircea_popescu: the 55 dollar per gram is misleading. they had much less gold available at the time, and different economy.
mircea_popescu: having one of the 100 coins in an empire makes you like a guy having1 of the 100 coins in another empire.
mircea_popescu: i guess the relative preminence of someone with 100k in the american empire today
mircea_popescu: is comparable to the relative preminence of someone with one solidus in 40 ad
bgupta: can't forget the effect that slavery had on the economy as well.
mircea_popescu: this is pretty much the only way to judge, in my eyes. I don't care about absolutes, i wish to conserve the same percentual value.
bgupta: IE: someone with 1 solidus had infinate more wealth than your average slave in Roman times
bgupta: yeah totally offtopic, my apologies
mircea_popescu: i mean... richest guy has what, 600k of these 100k dollar coins
gribble: Current Blocks: 229247 | Current Difficulty: 6695826.282596251 | Next Difficulty At Block: 229823 | Next Difficulty In: 576 blocks | Next Difficulty In About: 2 days, 20 hours, 26 minutes, and 8 seconds | Next Difficulty Estimate: 7702888.16265 | Estimated Percent Change: 15.04014
gribble: Next difficulty estimate | 7702888.16265 based on data since last change | 8925421.86613 based on data for last three days
bgupta: start you free trial now? this site isn't a paywall site in the us?
mircea_popescu: In the USA, the primary form of money is bank deposits because bank deposits are the form of money that dominate the US payments system.
mircea_popescu: im sorry, i can;'t get past the unfounded assumptions and general illiteracy of the author.
assbot: [HAVELOCK] [SDICE] 2 @ 0.3943002 = 0.7886 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.39430001 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.3943 = 3.943 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.393 = 1.179 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.393 = 1.179 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.3802 = 0.7604 BTC [-]
assbot: [HAVELOCK] [SDICE] 3 @ 0.38000001 = 1.14 BTC [-]
assbot: [HAVELOCK] [SDICE] 9 @ 0.38 = 3.42 BTC [-]
assbot: [MPEX] [S.MPOE] 11050 @ 0.00060875 = 6.7267 BTC [-]
assbot: [MPEX] [S.MPOE] 4504 @ 0.00061282 = 2.7601 BTC [+]
assbot: [MPEX] [S.MPOE] 2846 @ 0.00061414 = 1.7478 BTC [+]
dub: ppcoin doubled again
assbot: [HAVELOCK] [VTX] 1 @ 0.55 BTC [-]
gribble: BTCUSD ticker | Best bid: 102.79189, Best ask: 102.99900, Bid-ask spread: 0.20711, Last trade: 102.99900, 24 hour volume: 100538.63346403, 24 hour low: 93.11000, 24 hour high: 106.00000, 24 hour vwap: 101.13664
dub: its gonna be cool when they introduce ltc
dub: lag will be for days
dub: you think its a joke?
dub: it'd be like obama saying 'we just nuked teh shit out of korea'
dub: waiting 24 hours.. jokes niggas
bgupta: ThickAsThieves: Where do you get your RT pricing for btc again?
dub: bitcoinity.org/markets
kakobrekla: > I cannot officially announce how "soon" "soon" means
ZedsterX: why would the API already be in place then?
ThickAsThieves: i need some sleep, plz work on getting btc back to 106 thx
dub: I think a lot of money has been spent on LTC today in anticipation
dub: increases the chance of tux catchign a bullet I guess
ZedsterX: i turned 60 LTC into 2.5 BTC it was kinda fun
gribble: There are currently 2445.0987 bitcoins offered at or under 106.0 USD, worth 256822.359423 USD in total. | Data vintage: 111.1200 seconds
assbot: [MPEX] [S.MPOE] 2154 @ 0.00061414 = 1.3229 BTC [+]
assbot: [MPEX] [S.MPOE] 4550 @ 0.00061599 = 2.8028 BTC [+]
assbot: [MPEX] [S.MPOE] 1350 @ 0.00061859 = 0.8351 BTC [+]
assbot: [MPEX] [S.MPOE] 2750 @ 0.00062045 = 1.7062 BTC [+]
assbot: [HAVELOCK] [VTX] 20 @ 0.56799999 = 11.36 BTC [+]
gribble: BTCUSD ticker | Best bid: 102.50000, Best ask: 103.00000, Bid-ask spread: 0.50000, Last trade: 103.00000, 24 hour volume: 105013.69915088, 24 hour low: 93.50000, 24 hour high: 106.00000, 24 hour vwap: 101.19241
gribble: Error: "wallstreet" is not a valid command.
BingoBoingo_: Oh, shit Wall Street ain't found bitcoin yet and we broke $100
taub: btce chat is a riot...
gribble: BTCUSD ticker | Best bid: 100.91000, Best ask: 101.00000, Bid-ask spread: 0.09000, Last trade: 100.91000, 24 hour volume: 104235.61913665, 24 hour low: 93.50000, 24 hour high: 106.00000, 24 hour vwap: 101.32202
BingoBoingo_: Maybe someone can help me, who is TheButterZone and do they always want to fuck their customers in the ass?
ZedsterX: they seem to be one the first amazon stores to accept BTC
gribble: Error: "ycominator" is not a valid command.
gribble: Error: "ycombinator" is not a valid command.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7559 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.756 = 4.536 BTC [+]
gribble: Error: "wallstreet" is not a valid command.
assbot: Last trade for S.DICE on MPEX was at 0.00378605 BTC [-]
assbot: Last trade for VTX on HAVELOCK was at 0.56799999 BTC [+]
gribble: BTCUSD ticker | Best bid: 101.80000, Best ask: 101.80002, Bid-ask spread: 0.00002, Last trade: 101.80002, 24 hour volume: 103958.47309302, 24 hour low: 93.50000, 24 hour high: 106.00000, 24 hour vwap: 101.46624
BingoBoingo_: Oh, shit we are falling all the way down to $100 and WallStreet is still on the sidelines
assbot: [MPEX] [S.MPOE] 5000 @ 0.0006519 = 3.2595 BTC [+]
assbot: [MPEX] [S.MPOE] 15000 @ 0.00065907 = 9.8861 BTC [+]
assbot: [MPEX] [S.MPOE] 2593 @ 0.00066487 = 1.724 BTC [+]
gribble: BTCUSD ticker | Best bid: 102.50000, Best ask: 102.66430, Bid-ask spread: 0.16430, Last trade: 102.66430, 24 hour volume: 104332.57277571, 24 hour low: 93.55000, 24 hour high: 106.00000, 24 hour vwap: 101.48545
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.756 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 50 @ 0.0048 = 0.24 BTC [+]
assbot: [BTCTC] [BITVPS] 1 @ 0.00637 BTC [+]
assbot: [MPEX] [S.DICE] 400 @ 0.00400173 = 1.6007 BTC [+]
assbot: [MPEX] [S.BBET] [PAID] 50.1472201 BTC to 3`000`000 shares, 1671 satoshi per share
Namworld: Else I'll have to update what I paid on my PT...
assbot: [MPEX] [S.BBET] [PAID] 15.04416603 BTC to 3`000`000 shares, 501 satoshi per share
BingoBoingo_: You need a option making bot more suited to a truly bull market.
BingoBoingo_: I know you must have consider one and suspect you may have already implemented one
BingoBoingo_: Due to price inflexibility people who buy bonds denominated in BTC are going to have to become accustomed to losses eventually
ChaangNoi: Created at: Apr 11, 2555 BE 2:15 AM
assbot: Things which are alike, in nature, grow to look alike, and the speaking stones have lain a long time lookin' at the sun.
BingoBoingo_: Maybe not, but in OTC I'm about to loosen an LTC miner's asshole under this principle
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00987 BTC [-]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00987 BTC [-]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00986 BTC [-]
assbot: [BTCTC] [BTC-BOND] 7 @ 0.00986 = 0.069 BTC [-]
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00986 BTC [-]
assbot: [BTCTC] [BTC-BOND] 40 @ 0.00984 = 0.3936 BTC [-]
Schadenfreude: anyone else thinking we are in a bubble right now?
assbot: [MPEX] [S.MPOE] 3770 @ 0.00065928 = 2.4855 BTC [-]
assbot: [BTCTC] [BTC-BOND] 4 @ 0.01 = 0.04 BTC [+]
assbot: [MPEX] [S.MPOE] 1280 @ 0.00065928 = 0.8439 BTC [-]
assbot: [MPEX] [S.MPOE] 1700 @ 0.00065443 = 1.1125 BTC [-]
assbot: [MPEX] [S.MPOE] 70 @ 0.00064761 = 0.0453 BTC [-]
mjr_III: but Maria Bartiromo seemed to enjoy hearing about it
mjr_III: don't know why I find women who can speak intelligently about finance so damn sexy, but I do
BingoBoingo_: mjr_III are you sure those are women, I hear bankers can give a mean blowjob...
assbot: [MPEX] [S.DICE] 2200 @ 0.00374867 = 8.2471 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1059 BTC [+]
KRS1: good for leet buttsecks
jurov: ^ mpex whale confession
jurov: if tibby appears, someone send the link to him "ofc, its gypsy trading with himself"
assbot: [MPEX] [S.MPOE] 3000 @ 0.00064949 = 1.9485 BTC [+]
assbot: [MPEX] [S.MPOE] 10900 @ 0.00066175 = 7.2131 BTC [+]
assbot: [MPEX] [S.MPOE] 2407 @ 0.00066487 = 1.6003 BTC [+]
jurov: but yeah, and 50% feral taxes.. makes whoile thing hard to believe
jurov: at least it's clear it wasn't written by mircea :DDDD
Bugpowder: certainly is an entertaining read.
Bugpowder: well, I woke up to a little mini rally
jurov: incidentally, i have to go to tax office today to deliver my declaration
jurov: they still can't get electronic servics right
mircea_popescu: "I personally wouldn't touch anything outside of S.DICE, S.MPOE, S.BBET and ASICMINER."
jurov: lol... not sure how i'd gpg sign a paper form
Bugpowder: Yesterday the big move started at 11:45. The time is now 11:26
jurov: coinbr deposits/dividends processed
mjr_: wish me luck guys, i found a wallet.dat from a year ago :)
jurov: good luck. i recently found very nice stash of ltc likewise :)
mjr_: i went through a mining phase a year ago, and i think i have some laying around, but i had redone my computer
mjr_: so i decided to dig through and found the wallet.dat, so as soon as its synced i'll dump it and see what i find! exciting
assbot: [BTCTC] [PAJKA.BOND] 10 @ 0.09 = 0.9 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1036 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 2 @ 0.1035 = 0.207 BTC [-]
jurov: you uncover not yet sent transaction to BTCS&T
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1031 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 2 @ 0.1001 = 0.2002 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 3 @ 0.1 = 0.3 BTC [-]
Bugpowder: so whats the verdict on litecoin valuation? Did it cross .02 or not?
Bugpowder: and now it appears the bubble has topped
mircea_popescu: has to cross on whatever charts thing for the bet iirc
Bugpowder: yeah that charts thing has it listed by exchange
Bugpowder: so I would imagine thats the right cryptocoincharts chart to use
Bugpowder: unless u want to roll your own vwap
mircea_popescu: ya, i feel a desperate, feverish desire & itch to run ltc vwaps
mircea_popescu: somebody has been putting passwords into mpex' submit field.
mircea_popescu: HEY ANYONE : if you're using same pw on strongcoin and anywhere else - change it now.
mircea_popescu: i bet someone's trying it in all bitcoin services automatically
taub: strongly advice against it....
taub: gonna be a big shitstorm soon
pgp: taub: why? what do you know?
assbot: [MPEX] [S.MPOE] 10000 @ 0.00067877 = 6.7877 BTC [+]
assbot: [MPEX] [S.MPOE] 9000 @ 0.00068141 = 6.1327 BTC [+]
assbot: [MPEX] [S.DICE] 5000 @ 0.00400172 = 20.0086 BTC [+]
assbot: [MPEX] [S.DICE] 5097 @ 0.00383136 = 19.5284 BTC [-]
taub: btc-e, in bitcoin terms
Bugpowder: the thing is, bitcoin on btc-e is $97. so if they are using that value for LTC/BTC ratio, then it kinda inflates the price
Bugpowder: I wonder if THIS is the real reason BTC is cheaper on BTC-E
Bugpowder: people are selling BTC for LTC there?
gribble: BTCUSD ticker | Best bid: 106.50003, Best ask: 107.00000, Bid-ask spread: 0.49997, Last trade: 107.00000, 24 hour volume: 106045.53962797, 24 hour low: 95.78142, 24 hour high: 107.12101, 24 hour vwap: 102.58767
Bugpowder: until this trend shows any sign of breaking, calls look good to me
assbot: [MPEX] [S.MPOE] 15033 @ 0.00068141 = 10.2436 BTC [+]
assbot: [MPEX] [O.USD.C095T] 25 @ 0.27496741 = 6.8742 BTC [+]
mpexbot: mircea_popescu: ^OIX 1 day: no data 7 day: average: 100.55698248 high: 132.18543466 low: 86.04499804 volume: 9215 btc: 4520.92582997 30 day: no data
gribble: There are currently 35173579 bitcoins demanded at or over 0.0 USD, worth 9785486.7857 USD in total. | Data vintage: 0.0101 seconds
gribble: Next difficulty estimate | 7697118.20897 based on data since last change | 8874353.54496 based on data for last three days
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.75999 = 4.5599 BTC [+]
gribble: Current Blocks: 229299 | Current Difficulty: 6695826.282596251 | Next Difficulty At Block: 229823 | Next Difficulty In: 524 blocks | Next Difficulty In About: 2 days, 22 hours, 15 minutes, and 25 seconds | Next Difficulty Estimate: 7697118.20897 | Estimated Percent Change: 14.95397
Scrat: ;;slap ThickAsThieves
assbot: [HAVELOCK] [SDICE] 8 @ 0.380001 = 3.04 BTC [+]
assbot: [HAVELOCK] [SDICE] 2 @ 0.3800003 = 0.76 BTC [-]
assbot: [HAVELOCK] [SDICE] 9 @ 0.38000002 = 3.42 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.38 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.377 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.371 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.3700001 = 0.74 BTC [-]
assbot: [HAVELOCK] [SDICE] 8 @ 0.37000001 = 2.96 BTC [-]
assbot: [HAVELOCK] [SDICE] 8 @ 0.37 = 2.96 BTC [-]
assbot: [HAVELOCK] [SDICE] 7 @ 0.37 = 2.59 BTC [-]
microhxo: Guys, anyone willing to sell 1 bitcoin?
microhxo: All the sites are showing empty..
assbot: [MPEX] [S.DICE] 200 @ 0.00400173 = 0.8003 BTC [+]
microhxo: Just got into bitcoins, no idea. Whats the easiest way to buy a bitcoin personally?
assbot: [HAVELOCK] [VTX] 2 @ 0.5671 = 1.1342 BTC [-]
DeaDTerra: Btcx.se are looking to loan USD either Bitstamp or Mtgox, as we are all out of float. We are willing to pay 1% in Interest, the money will be paid back sometime this week, as we are waiting on our wire to hit gox.
microhxo: My friend yesterday was able to buy on coinbase.
microhxo: Now another friend wants to buy on coinbase (I know we discussed they are noobish, but they link bank account immediately) and they aren't available to sell till friday.
thestringpuller: price is gonna increase if these sites like coinbase are having coin shortages
assbot: [BTCTC] [S.MPOE-PT] 14 @ 0.000675 = 0.0095 BTC [+]
assbot: [HAVELOCK:HIM] 1D: 2.05990000 / 2.0599 / 2.05990000 (2 shares, 4.11980000 BTC), 7D: 1.65000000 / 1.89730359 / 2.08000000 (167 shares, 316.84969996 BTC), 30D: 1.40000000 / 1.78841844 / 2.08000000 (735 shares, 1314.48755265 BTC)
microhxo: Ok so if he gets the moneypak and gives it to you, you will send to his wallet? He is afraid he might lose out
microhxo: I'll see if he can go at lunch and get one.
thestringpuller: i have up to 1 coin available atm i would prefer to just sell a half coin so I can re-up easier
microhxo: well its ok. It seems we missed the boat. Everyone is buying and its hard to even get in. He can wait till the dust settles and see whats up.
thestringpuller: you ca give cash to wal mart and get mtgox code deposted to your account in like 20 minutes
gribble: BTCUSD ticker | Best bid: 107.32000, Best ask: 107.88000, Bid-ask spread: 0.56000, Last trade: 107.66900, 24 hour volume: 102970.96829906, 24 hour low: 98.40000, 24 hour high: 108.00000, 24 hour vwap: 102.92464
microhxo: Is there some directions on how to get the coupons from walmart?
assbot: [MPEX] [S.MPOE] 6100 @ 0.00067351 = 4.1084 BTC [-]
assbot: [MPEX] [S.MPOE] 5000 @ 0.00067536 = 3.3768 BTC [+]
taub: looks like as logn as you hold any crypto you're okay
taub: litecoin having it's little bubble
taub: bitcoin-24 doesn't use transactions in it's database
mircea_popescu: visit to mtgox article illustrated with a low quality outdoor shot,
mircea_popescu: what i want to know is who replaces brains with pudding.
gribble: BTCUSD ticker | Best bid: 106.92500, Best ask: 106.95253, Bid-ask spread: 0.02753, Last trade: 106.98379, 24 hour volume: 90737.35999842, 24 hour low: 98.70342, 24 hour high: 108.00000, 24 hour vwap: 103.52987
mircea_popescu: "10x per month continuously is too much, but S.BBET is probably on a trajectory to surpass S.DICE is markey capitalization eventually for the simple reason that dice are boring while Kim Jung Un and Carlos Beltran are not."
topace_: thestringpuller: we accept btc for all our hosting www.lightbox.org
bitesak: DeadTerra, I guess you mean to Borrow rather than Lend
topace_: my "real" business is web development and hosting
[\\\]: dude, high otc ratings are obsolete
[\\\]: its all about gettrust
[\\\]: total rating is meaningless
[\\\]: if you don't trust the people that have given the high ratings, they mean nothing
ZedsterX: lol otc are gone and done my friend
[\\\]: lol. they aren't and you aren't my friend.
ThickAsThieves: ziggap is an interesting case study also, in that it shows how an issuer can tank its own stock, to buy it back if they want. "oh sorry guys i was just shitty for week, s'all good now!"
gribble: BTCUSD ticker | Best bid: 107.48000, Best ask: 107.89800, Bid-ask spread: 0.41800, Last trade: 107.48000, 24 hour volume: 88974.99780378, 24 hour low: 98.70342, 24 hour high: 108.85699, 24 hour vwap: 103.84469
kakobreklaa: ThickAsThieves why else do you think bbet is down?
ThickAsThieves: "Havent seen kako in like 10min, it's not looking good guys!"
gribble: kakobreklaa was last seen in #bitcoin-assets 21 seconds ago: <kakobreklaa> should be any minute now
mircea_popescu: guise i think there's something afoot with this bitbet
mircea_popescu: i can load the site but it comes up without the milk in it
gribble: There are currently 35042494 bitcoins demanded at or over 0.0 USD, worth 10000908.5754 USD in total. | Data vintage: 0.0104 seconds
gribble: There are currently 7494.0481 bitcoins offered at or under 110.0 USD, worth 818197.310859 USD in total. | Data vintage: 9.5767 seconds
deadweasel: no shit! i was gonna buy some yesterday. shoulda when it was still .15
smickles: thestringpuller: do you need me to escrow something?
gribble: I have not seen scamkobreklaa.
smickles: too bad orkaa isn't ~kakobreklaa@188-230-165-22.dynamic.t-2.net, 'cause it would make a tight circle since kakobreklaa is ~orkaa@89-212-41-49.static.t-2.net
orkaa: slovenia is a small country
gribble: BTCUSD ticker | Best bid: 107.92001, Best ask: 108.45000, Bid-ask spread: 0.52999, Last trade: 108.45000, 24 hour volume: 82915.61103441, 24 hour low: 98.70342, 24 hour high: 108.85699, 24 hour vwap: 103.92838
smickles: i very much dislike these fucking cloudflare sited
gribble: BTCUSD ticker | Best bid: 108.22002, Best ask: 108.48800, Bid-ask spread: 0.26798, Last trade: 108.22002, 24 hour volume: 81121.83037847, 24 hour low: 98.76000, 24 hour high: 108.85699, 24 hour vwap: 104.05417
gribble: There are currently 49646.565 bitcoins demanded at or over 80.0 USD, worth 4622143.08274 USD in total. | Data vintage: 0.0060 seconds
gribble: There are currently 16644.918 bitcoins offered at or under 120.0 USD, worth 1866881.56113 USD in total. | Data vintage: 8.3149 seconds
gribble: A market order to sell 40000 bitcoins right now would net 3816457.6631 USD and would take the last price down to 87.1000 USD, resulting in an average price of 95.4114 USD/BTC. | Data vintage: 25.8565 seconds
gribble: A market order to sell 50000 bitcoins right now would net 4650159.1334 USD and would take the last price down to 79.0000 USD, resulting in an average price of 93.0032 USD/BTC. | Data vintage: 33.5197 seconds
gribble: A market order to sell 100000 bitcoins right now would net 7695564.9021 USD and would take the last price down to 39.4370 USD, resulting in an average price of 76.9556 USD/BTC. | Data vintage: 60.9398 seconds
gribble: BTCUSD ticker | Best bid: 107.51000, Best ask: 107.99999, Bid-ask spread: 0.48999, Last trade: 107.99999, 24 hour volume: 79640.72953468, 24 hour low: 99.00000, 24 hour high: 108.85699, 24 hour vwap: 104.15616
TomServo: Where are you seeing those prices?
smickles: what i saw was volatility dropping for ~20 min then reversing
smickles: (rather, at least 20 min. i don't really keep it displayed past that)
gribble: BTCUSD ticker | Best bid: 107.07900, Best ask: 107.08001, Bid-ask spread: 0.00101, Last trade: 107.08001, 24 hour volume: 77482.04306367, 24 hour low: 99.00000, 24 hour high: 108.85699, 24 hour vwap: 104.22204
assbot: [MPEX] [S.MPOE] 1800 @ 0.00067644 = 1.2176 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.4199998 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.5669998 = 1.134 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.5669998 BTC [-]
gribble: Time since last block: 3 minutes and 47 seconds
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.759998 BTC [+]
sturles: The litecoin price is just silly. It is not beeing developed, isn't used and has 4 times the supply of Bitcoin (and Namecoin).
TomServo: Hearing people discuss selling BTC for LTC makes me chuckle.
assbot: [HAVELOCK] [KCIM] 1 @ 1.00100011 BTC [-]
gribble: Current Blocks: 229328 | Current Difficulty: 6695826.2825963 | Next Difficulty At Block: 229823 | Next Difficulty In: 495 blocks | Next Difficulty In About: 2 days, 21 hours, 52 minutes, and 56 seconds | Next Difficulty Estimate: 7692540.75813 | Estimated Percent Change: 14.88561
kakobrekla: lookin at the bbet logs i thought something was broken
assbot: [BTCTC] [GSDPT] 100 @ 0.0038 = 0.38 BTC [-]
mjr_: CNBC just had a story on bitcion for the second day in a row
mjr_: this one was on "Santelli Exchange" and he interviewed the creator of the bitcoin ATM
assbot: [BTCTC] [GSDPT] 1 @ 0.0036 BTC [-]
assbot: [BTCTC] [GSDPT] 1 @ 0.0036 BTC [-]
gribble: BTCUSD ticker | Best bid: 107.80017, Best ask: 107.80018, Bid-ask spread: 0.00001, Last trade: 107.80018, 24 hour volume: 74100.21772772, 24 hour low: 99.00000, 24 hour high: 108.85699, 24 hour vwap: 104.44244
mpexbot: TomServo: ^OIX 1 day: no data 7 day: average: 100.55698248 high: 132.18543466 low: 86.04499804 volume: 9215 btc: 4520.92582997 30 day: no data
jurov: logged into vircurex after several months... yup, 300 ltc :P
jurov: time to crash the market
TomServo: I found a 10 spot in a old jacket once.
jurov: now i logged on btc-e... found even bigger ltc stash O.o
jurov: LTC/BTC Bid (U) 0.00101 BTC 500 LTC 0.505 BTC
jurov: lulzy trade hsitory
jurov: throw them out of helicopter?
assbot: [HAVELOCK] [VTX] 2 @ 0.5669998 = 1.134 BTC [-]
jurov: btc-e? yes, one has to wait
assbot: [HAVELOCK] [VTX] 1 @ 0.56699978 BTC [-]
assbot: [MPEX] [S.MPOE] 7850 @ 0.00067413 = 5.2919 BTC [-]
assbot: [BTCTC] [MININGCO.ETF] 2 @ 0.639 = 1.278 BTC [-]
jurov: btc-e it finally broke.. greeted by clodflare
assbot: [BTCTC] [S.DICE-PT] 300 @ 0.00475 = 1.425 BTC [-]
mjr_: there are a couple really great articles
mjr_: the new yorker actually wrote the best article on bitcoin i've seen so far
benkay: leave it to the new yorker
mjr_: well written, and very nice
mjr_: benkay: i think i came across some of your open source code on github
mjr_: don't even think it was bitcoin related either, very cool
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.75 = 15 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.74 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 49 @ 0.737 = 36.113 BTC [-]
Bugpowder_: The 2011 article by them on who Satoshi Nakamoto might be was fascinating. I'm convinced its the Irish dude.
gribble: There are currently 31144769 bitcoins demanded at or over 0.0 USD, worth 10530749.2325 USD in total. | Data vintage: 36.4908 seconds
jurov: what is everyone doing with the ;;bids 0 ?
jurov: it's meaningless, no?
mjr_: 10 million worth of bids
mjr_: but yeah, a bunch of garbage bids
mjr_: well, i mean a bunch of people can put bids at $1...
Bugpowder_: its just a proxy for how much cash is sitting on gox
mjr_: yes, but may never be even close to filled
jurov: maybe gox will provide api for queue length, too :D
jurov: ppl waiting to be confirmed
unbalanced: It was in the 6000's last week, anyone have any fresher #s?
deadweasel: get on the fucking train, but wait in line!
mjr_: segments on CNBC two days in a row
mjr_: its starting to get weird
jborkl_: those are people waiting to get verified by gox?
mjr_: everyone is talking about bitcoins
Bugpowder_: So the total bids cash number had a big dip prior to the 25% flash crash on March 22nd, thus I consider it a possible indictor of short term direction.
jurov: freelancer.com dying too, waht is with the internetz????
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.3511 BTC [-]
Bugpowder_: 110 is not going to last more than a few hours now
Bugpowder_: its getting eaten into WHILE outstanding bid $ is increasing.
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.759999 = 4.56 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 36 @ 0.76 = 27.36 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.769 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.76999 = 7.6999 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.77 = 7.7 BTC [+]
unbalanced: I just mean we're not in the actual bubble yet.
BitHub: thickasthieves, agreed
BitHub: i dont think the world bubble applies to bitcoin tho
gribble: There are currently 31144690 bitcoins demanded at or over 0.0 USD, worth 10545333.4115 USD in total. | Data vintage: 27.5381 seconds
unbalanced: BitHub: I think it will apply - things will get insane before they settle down.
jurov: i bought last month already xD
jurov: and got them upgraded
BitHub: for me bubble begins at 1000
ThickAsThieves: the only way current call options go down in price is if $avg goes down for long enough right?
assbot: [BTCTC] [BTC-BOND] 5 @ 0.0099 = 0.0495 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 9 @ 0.769 = 6.921 BTC [-]
smickles: well, calls rise with the price too
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.77 = 15.4 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 7 @ 0.77995 = 5.4597 BTC [+]
Bugpowder_: If everything stays steady... Calls at the current strike price will lose about 5% of value per day
Bugpowder_: although usually that is back end loaded (faster decay near the end of the period).
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.779998 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.779998 = 7.8 BTC [+]
unbalanced: I don't think steady will happen this month.
mjr_: looking at calls for $200
mjr_: the time decay is huge
mjr_: yeah, i agree with bugpowder
mjr_: but i was hoping that if you get the highest strike it would not be so much, but still like a $20 option
Bugpowder_: The calls are probably all underpriced, given the trend
bitesssak: I saw that options of 191 are the same price as 200
Bugpowder_: although one day it will reverse and we will all eat it
mjr_: i think the bot may be a bit more careful this month, the spread seems wider
bitesssak: an hour ago, even those at 182 were the same as 200
Bugpowder_: If you want max leverage, go for the strike that is 1 strike inside the 'lower limit' price.
mjr_: what is the 'lower limit' price?
Bugpowder_: the bot has a built in lower limit for what it will sell for, to guard against extreme long tail moves.
bitesssak: can you say differently : 1 strike inside the 'lower limit' price
mjr_: what if you sell puts instead?
Bugpowder_: max leverage is max risk of total loss of course
ThickAsThieves: i'm confident in price rise, but double in one month is iffy
assbot: [BTCTC] [BTC-BOND] 1 @ 0.00984 BTC [-]
Bugpowder_: but its the only way to get a 15x on your bet
mjr_: i will settle for 6X
smickles: gwa, i'm going to have to make an $oix command now
smickles: too many people keep trying to use it
gribble: BTCUSD ticker | Best bid: 108.76000, Best ask: 108.83000, Bid-ask spread: 0.07000, Last trade: 108.83000, 24 hour volume: 73582.22634863, 24 hour low: 99.00000, 24 hour high: 108.85699, 24 hour vwap: 104.61796
jurov: or drop coinbr ref link
assbot: [BTCTC] [BTC-TRADING-PT] 2 @ 0.168 = 0.336 BTC [-]
Bugpowder_: mjr_: because the deposit capital requirements for puts are not precisely reported
assbot: [HAVELOCK] [SDICE] 5 @ 0.3801 = 1.9005 BTC [-]
bitesssak: to get 15x your bet with 188T will need a price of ~854?
Bugpowder_: If deposit requirements were equal, than you want to short the most expensive puts for max possible gain
assbot: [HAVELOCK] [SDICE] 5 @ 0.38 = 1.9 BTC [-]
Bugpowder_: you can plug the equations into matlab or google docs to figure out your crossover point. Namworld should probably do this, it would make his calculator more useful
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.186 BTC [+]
assbot: [BTCTC] [BTC-TRADING-PT] 4 @ 0.1869 = 0.7476 BTC [+]
assbot: [BTCTC] [BTC-TRADING-PT] 4 @ 0.19 = 0.76 BTC [+]
Bugpowder_: mjr_: but deposit requirements increase for puts that are deeper in the money. I haven't yet figured out the optimal play there.
Bugpowder_: I suspect it is still to short the most expensive ones.
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.2 BTC [+]
mjr_: Bugpowder_: yeah thats what i was thinking
assbot: [HAVELOCK] [SDICE] 20 @ 0.379999 = 7.6 BTC [-]
assbot: [BTCTC] [BTC-BOND] 6 @ 0.00983 = 0.059 BTC [-]
gribble: There are currently 4766.1097 bitcoins offered at or under 109.99 USD, worth 520053.88321 USD in total. | Data vintage: 30.1631 seconds
gribble: There are currently 30933900 bitcoins demanded at or over 0.0 USD, worth 10496396.4646 USD in total. | Data vintage: 40.7205 seconds
mjr_: oh nvm i thought that was asks
gribble: There are currently 41869.349 bitcoins offered at or under 10000.0 USD, worth 14600578.5014 USD in total. | Data vintage: 77.8940 seconds
mjr_: it was 10 mil like half hour ago
mjr_: the cash at gox is huge right now
taub: i jumped on the litecoin train
taub: might as well go where the levereage is
gribble: A market order to buy 1000 bitcoins right now would take 108976.2633 USD and would take the last price up to 108.9800 USD, resulting in an average price of 108.9763 USD/BTC. | Data vintage: 0.0001 seconds
gribble: A market order to sell 1000 bitcoins right now would net 108125.4045 USD and would take the last price down to 107.6869 USD, resulting in an average price of 108.1254 USD/BTC. | Data vintage: 10.6214 seconds
Bugpowder_: people are going to get pounded on that .
taub: yea, so far made a couple of good trades
taub: positioning myself on the edges
taub: i looked at buying both calls and puts
taub: but they cancel out :(
Bugpowder_: when goat mentioned it yesterday morning
Bugpowder_: there are definitely whales with 10x my bankroll doing options trades
taub: hits option book was like if you buy both directions you can make profit no matter what direction the price goes
taub: as logng as it moves
Bugpowder_: hard when the option price is so freaking high
taub: pretty much cancels itself out
Bugpowder_: its basically a bet on INCREASING volatility
mjr_: yeah, straddles are expensive in btc
taub: someonek nows what he uses at the risk free rate of return?
taub: so i can test stuff n the bs model
Bugpowder_: btw - nobody hate me when this shit finally reverses and everyone has calls.
ThickAsThieves: we already hate you for taking all our bond money remember ;)
gribble: There are currently 30931480 bitcoins demanded at or over 0.0 USD, worth 10260638.5802 USD in total. | Data vintage: 20.2586 seconds
Bugpowder_: because then you don't push the price higher until the wall falls
Bugpowder_: as soon as we hit the 108.98 wall, he dropped his bid and ate the wall.
taub: there really is no point in other cryptos..
mjr_: they disappear whenever we get close lol
saulimus: Bugpowder_, where was his bid before?
Bugpowder_: saulimus: not sure, wasn't watch closely
Bugpowder_: but the sudden drop in total bid $ coupled with the big market buy strongly suggests it was a single buyer.
assbot: [HAVELOCK] [VTX] 4 @ 0.56699 = 2.268 BTC [-]
gribble: BTCUSD ticker | Best bid: 109.80110, Best ask: 110.00000, Bid-ask spread: 0.19890, Last trade: 110.00000, 24 hour volume: 79316.48734208, 24 hour low: 99.00000, 24 hour high: 110.00000, 24 hour vwap: 105.05549
Bugpowder_: makes me nervous that guy with the wall at 112 is gonna do a market sell of a few thousands coins though..
taub: whats that site where you can do depth playback again?
taub: i was surprised to see that the thinner depth would eat up the heavy walls
assbot: [HAVELOCK] [HIM] 1 @ 2.044 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.779 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.56699 BTC [-]
gribble: There are currently 30931488 bitcoins demanded at or over 0.0 USD, worth 10330339.7285 USD in total. | Data vintage: 0.0107 seconds
taub: steeper and pointier wins
taub: okay a wall is steepest of course... questions questions
assbot: [HAVELOCK] [SDICE] 10 @ 0.381 = 3.81 BTC [+]
assbot: [HAVELOCK] [SDICE] 4 @ 0.38 = 1.52 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.37 BTC [-]
assbot: [HAVELOCK] [SDICE] 2 @ 0.3611 = 0.7222 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.3610002 BTC [-]
assbot: [HAVELOCK] [SDICE] 8 @ 0.36100001 = 2.888 BTC [-]
assbot: [HAVELOCK] [SDICE] 14 @ 0.361 = 5.054 BTC [-]
assbot: [HAVELOCK] [SDICE] 6 @ 0.361 = 2.166 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.779998 BTC [+]
Lyspooner: mircea_popescu, add some strikes, quick
ThickAsThieves: call options are already 10% more expensive than yesterday
dub: mined 95 bytecoin blocks overnight
gribble: 1 BTC = 111.00000 U.S. dollars = 86.4149475 Euros
taub: unless eurusd follows btceur lol
jcpham: does mpex support litecoin
gribble: BTCUSD ticker | Best bid: 110.98903, Best ask: 111.46900, Bid-ask spread: 0.47997, Last trade: 110.00000, 24 hour volume: 79381.21726820, 24 hour low: 99.00000, 24 hour high: 111.50000, 24 hour vwap: 105.18525
assbot: [HAVELOCK] [VTX] 4 @ 0.53 = 2.12 BTC [-]
jcpham: i read an article where someone proposed that litecoin was the only bitcoin hedge avaialble
jcpham: their wording was better and made more sense
jcpham: but money should flow to litecoin as btc rises
kakobrekla: 21:20.03 ( ThickAsThieves ) gives GPU miners a way to make $ < - that is just bullshit
kakobrekla: ya well its no good as a reason why ltc is good for
jcpham: i'm not saying it has any value other than antural hedge against bitcoin
dub: ppcoin is the new hotness anyway
dub: up 400% or so in 24h
jcpham: prediction: litecoin always suges with bitcoin
kakobrekla: dunno i think ltc price is powered by human stupidity which is infinite
Bugpowder_: LTC is a pump and dump. I'm suprised it got so high. Who knows how high it will go, but its gonna be like bitcoin bubble #1.
ThickAsThieves: yesterday you would have been a fool to buy in, a fool that doubled his money today
jcpham: i'm not disagreeing with the things you are saying
saulimus: that's how bubbles get started..
jcpham: and by all logic it should crash
jcpham: but I'm thinking the bitcoin bears move to litecoin during a raly
saulimus: well, bitcoin is still up after 4 years
taub: dont trade on bitcoin24
jcpham: so everytime bitcoin surges excpect the same from litecoin
taub: get it the fuck out
Bugpowder_: whenever someone says that in bitcoinland
taub: theres ar erason the hotwallet is always empty
Bugpowder_: surely someone is waiting for 5000 coin transfer to clear on mtgox right now...
assbot: [MPEX] [O.USD.C188T] 380 @ 0.05330171 = 20.2546 BTC
gribble: BTCUSD ticker | Best bid: 110.99999, Best ask: 111.55471, Bid-ask spread: 0.55472, Last trade: 111.55471, 24 hour volume: 79769.73383333, 24 hour low: 99.00000, 24 hour high: 111.98000, 24 hour vwap: 105.30564
assbot: [MPEX] [S.MPOE] 9800 @ 0.00067413 = 6.6065 BTC [-]
bitesak: As some of these Call Options are flat in price at the end of the tails, it should be possible to ride much lower calls part of the way and jump onto the higher Calls?
Bugpowder_: trading options is going to be painful due to the spread
gribble: BTCUSD ticker | Best bid: 112.72500, Best ask: 113.00000, Bid-ask spread: 0.27500, Last trade: 113.00000, 24 hour volume: 79840.93897341, 24 hour low: 99.00000, 24 hour high: 111.98000, 24 hour vwap: 105.34531
gribble: BTCUSD ticker | Best bid: 112.47500, Best ask: 113.65647, Bid-ask spread: 1.18147, Last trade: 113.39550, 24 hour volume: 79840.93897341, 24 hour low: 99.00000, 24 hour high: 111.98000, 24 hour vwap: 105.34531
gribble: There are currently 5007.2956 bitcoins offered at or under 119.99 USD, worth 592094.09086 USD in total. | Data vintage: 54.3718 seconds
jcpham: that isn't showing on blockchain
jcpham: who wants to explain what is happening
assbot: [HAVELOCK] [SDICE] 3 @ 0.352 = 1.056 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.351 = 3.51 BTC [-]
assbot: [HAVELOCK] [SDICE] 28 @ 0.35 = 9.8 BTC [-]
jcpham: Date: 2 Apr 2013 06:01
jcpham: Transaction ID: 7491ead91045944c7135dc2398a68bdb8b18a1d9806a9abb5d5614d104450fee
jcpham: wait it's in the future
pgp: you can schedule txns for the future
jcpham: i think that is what this is
jcpham: it's a pool payment from derpbit
jcpham: it's been sitting in my vlient unconfirmed all day
jcpham: From should say 1Vayner....
jborkl: april 2 six in the am already happened
jcpham: i failed over there last week
assbot: [MPEX] [S.MPOE] 5000 @ 0.00067538 = 3.3769 BTC [+]
assbot: [MPEX] [S.MPOE] 6918 @ 0.00067539 = 4.6723 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.35 = 1.05 BTC [-]
pgp: this should be interesting... not alot of coin between here and 150
ThickAsThieves: tired of Chrome telling me i wanna search Clark Howard when i type clark moody
dub: jcpham: deepbutt has all kinds of broken iirc
ThickAsThieves: chrome has gotten a little too forceful with its replacements
dub: 't done any maint on it in a long time
jcpham: i need to update my cgminer configs in the worst way
ThickAsThieves: at this rate i'll be in the money on my options tomorrow
mjr_: damn, i should have gotten those 188 calls
jborkl: jcpham , that transaction number does not look right
jcpham: i've copied it a bunch
assbot: [BTCTC] [BTC-BOND] 1 @ 0.009999 BTC [+]
jcpham: Transaction ID: 7491ead91045944c7135dc2398a68bdb8b18a1d9806a9abb5d5614d104450fee
bitesak: you still can get those 188 calls
jcpham: notice how I'm copying the full dialoge output
assbot: [HAVELOCK] [VTX] 2 @ 0.56 = 1.12 BTC [+]
jborkl: in my client that is showing a invalid transaction id
jcpham: on blockchain it shows the same
jborkl: yeah, i looked there also
jcpham: how can i have an invalid txn
jborkl: what address was it sent from
assbot: [MPEX] [O.USD.C107T] 30 @ 0.23047712 = 6.9143 BTC
jcpham: i'm guessing it is a deepbit payment
jborkl: what address to you get payment to
jcpham: the amount and address looks like a deepbit payment
jborkl: put that in blockchain
jcpham: don't want to share that one
jcpham: but it is the default address or the first address of this wallet
jborkl: your address used to recive payment
assbot: [HAVELOCK] [VTX] 1 @ 0.56 BTC [+]
jcpham: the txns before that confirmed is there
jborkl: hmm, so your address that you use to get payments from deepbit - does not show incoming .27
jborkl: log into deepbit and make sure your address has not been changed
jborkl: I don't use them so IDK how they do payouts
jborkl: your account is locked?
jcpham: impossibru to change my payment address
jcpham: it shows in the pool payments
jcpham: i'll bother them, they fucked up
jborkl: it must not have been sent yet, is the only logical conclusion
gribble: BTCUSD ticker | Best bid: 114.10001, Best ask: 114.96000, Bid-ask spread: 0.85999, Last trade: 114.10000, 24 hour volume: 81517.68467091, 24 hour low: 99.00000, 24 hour high: 116.00000, 24 hour vwap: 105.78868
Lyspooner: you posted not too long ago, mircea_popescu, that these types of monthly gains shouldn't be that surprising if this crazy currency was to become widely accepted
Lyspooner: judging by your lack of 300, 400 and 1000 calls
mjr_: i have to admit i started feeling limited by 200
jurov: mircea will crash it. so that options won't need renaming again
jborkl: it is, this is not productive - climbing this fast
jcpham: i can assist you with it though
kakobrekla: i switched forex to dBTC like a month ago
Lyspooner: oh please don't throw me into the briar patch
gribble: BTCUSD ticker | Best bid: 114.64001, Best ask: 114.89000, Bid-ask spread: 0.24999, Last trade: 114.89000, 24 hour volume: 81842.00811465, 24 hour low: 99.00000, 24 hour high: 116.00000, 24 hour vwap: 105.82760
mjr_: lol at gox...do they think that volume is going to decrease?
jurov: everyone just use uBTC like i proposed
kakobrekla: has that been confirmed as not aprils 1st joke
jurov: 1 USD = 884 uBTC.. such approachable numbers
mjr_: you are f'ing kidding me
mjr_: they can't handle bitcoins but want to get litecoins too?
ThickAsThieves: Fabian your link doesnt say when ltc will be supported
mircea_popescu: satoshi needs to come back and make the wikileaks statement again
mjr_: i think they have stopped caring
mircea_popescu: ThickAsThieves that's what he does. makes broad statements about how their user support takes 20 minutes
mjr_: 9600 users in queue
assbot: [MPEX] [S.BBET] 20 @ 0.0007531 = 0.0151 BTC [-]
assbot: [MPEX] [S.DICE] 189 @ 0.0036201 = 0.6842 BTC [-]
assbot: [MPEX] [S.MPOE] 150 @ 0.00067413 = 0.1011 BTC [-]
gribble: There are currently 30929737 bitcoins demanded at or over 0.0 USD, worth 10172997.2865 USD in total. | Data vintage: 0.0179 seconds
gribble: BTCUSD ticker | Best bid: 113.00001, Best ask: 113.84999, Bid-ask spread: 0.84998, Last trade: 113.84999, 24 hour volume: 82748.77279871, 24 hour low: 99.00000, 24 hour high: 116.00000, 24 hour vwap: 105.92395
assbot: [HAVELOCK] [VTX] 2 @ 0.521 = 1.042 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.51 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.51 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.51 BTC [-]
jurov: lol the ltc client will thrash their server to death
jurov: it took here several hours to catch afer i last ran it a month ago
jurov: lol yes, adding trollbox will be necessary
ThickAsThieves: thats the fatal flaw of crypto-trade.com, if it isnt a scam
guruvan: the trollbox makes me money
mircea_popescu: well it seems bitbet will have strong april dividends too
mircea_popescu: some doofus just sent 20 btc trying to leech the ltc bet and made it 4 blocks too late.
guruvan: move it or lose it they say
mircea_popescu: i am starting to think the education through taxation of the consumer mentality is bitbet's main contribution to btc.
mjr_: i like that "education through taxation"
assbot: [HAVELOCK] [VTX] 10 @ 0.501 = 5.01 BTC [-]
assbot: [HAVELOCK] [VTX] 9 @ 0.5 = 4.5 BTC [-]
thestringpuller: mircea_popescu: bitbets main contribution is putting money behimd forecasts
mircea_popescu: but seems at least for now the main thing it does is bitchslap the "i am smarter than the world and also always right" crowd.
guruvan: stupidity taxes are fun ;)
gribble: BTCUSD ticker | Best bid: 112.88001, Best ask: 113.88699, Bid-ask spread: 1.00698, Last trade: 112.88001, 24 hour volume: 83206.91550006, 24 hour low: 99.00000, 24 hour high: 116.00000, 24 hour vwap: 106.00173
mircea_popescu: bet says whatever 10:100. this dood sees ltc crossing so he knows how the bet resolves
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.1 BTC [-]
Schadenfreude: What's up with the Taub guy spreading FUD about btc24? Hired by the competition?
Schadenfreude: <taub> theres ar erason the hotwallet is always empty
mircea_popescu: jeez what the hell these things popping like 16 yo cherries in rural texas.
gribble: There are currently 7896.2408 bitcoins offered at or under 120.0 USD, worth 928367.695667 USD in total. | Data vintage: 0.0010 seconds
gribble: There are currently 50005.472 bitcoins demanded at or over 80.0 USD, worth 4712927.36598 USD in total. | Data vintage: 78.9417 seconds
DeaDTerra: WTS G.SDICE,G.MPOE,G.BBET, BTCQuick! contact me with offer :)
mircea_popescu: "Another reason banks need more equity: They tend to have less than they claim"
mircea_popescu: Schadenfreude it's not the first time i heard this in the past week, but i've never bothered checking.
mircea_popescu: bfl is advertising "initial shipping scheduled for the last half of March 2013." lmao
mircea_popescu: you know those block cuffers must be overrun if there's nobody to even fix advertising times anymore
taub: well if the glitch is true and i think it is, the exchange is over, someone else wouldve found out and exploited it to hell and back
taub: as well as the occasional customer that just happesn to suddenly have twice the money
gribble: BTCUSD ticker | Best bid: 112.21000, Best ask: 113.72000, Bid-ask spread: 1.51000, Last trade: 112.21000, 24 hour volume: 84972.01026069, 24 hour low: 99.00000, 24 hour high: 116.00000, 24 hour vwap: 106.18610
taub: central banks and bitcoin lol yea
mircea_popescu: fact of the matter is vast majority of journalism today is done by people who couldn't find a job elsewhere
mircea_popescu: such as, girls too fat to be waitresses and too stupid to work for the govt.
Schadenfreude: Basically the european central bank calls btc a ponzi scheme, both USA and EU want to regulate BTC as they feel threatened by it
mircea_popescu: they do it mostly for free, much like starlets suck producer cock for free.
mircea_popescu: given all this, it shouldn't surprise they're not capable of reading a text (in this case the finra guidance) and summarize it correctly.
taub: their only tool to handle bitcoins is criminalization
taub: thats all they can do
Schadenfreude: mircea_popescu: Do you hold any assets in btc24 if I may ask?
mircea_popescu: moldbug still hasn't got his ballsack together to answer incidentally.