log☇︎
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MJR_: it is the hot ticket item of the day
MJR_: but we will see
guruvan: successful startups do have a plan - it's the VCs who often don't
MJR_: i personally think that if you aren't in the irc channel, learning, and actually care about bitcoin, it will show
MJR_: SUCCESSFUL startups
MJR_: how many aren't
guruvan: I have to agree.
MJR_: but still got funded
guruvan: most
MJR_: and had a decent "burn rate"
guruvan: :D
MJR_: like...I work 16 hours a day
MJR_: i use my salary to fund my life
MJR_: and i expect to reap the rewards from my equity
MJR_: fuck a salary IMO
MJR_: but that is my mentality, i'm not used to people giving you money to make your dreams come true
benkay: cannot get rich and have a life?
MJR_: well...you can, i am not saying that it doesn't work out well in some cases
guruvan: I have to earn money from my business......no two ways about it - no burn rate possible here
MJR_: i'm just saying, i'm doing what i love because i love it
MJR_: i do what i have to in order to make money
MJR_: soon they will both be the same thing
MJR_: but till then, work harder
MJR_: work smarter
guruvan: lol - I live in a tiny little town ....there's no jobs....gotta make your own.
guruvan: so bitcoin is my job
mod6: guruvan: cool!
bowjob: ;;ticker
gribble: BTCUSD ticker | Best bid: 118.95000, Best ask: 124.90000, Bid-ask spread: 5.95000, Last trade: 124.90000, 24 hour volume: 175853.75589845, 24 hour low: 110.20003, 24 hour high: 203.00000, 24 hour vwap: 159.51856
guruvan: hell yea....I haven't done anything else for a year
guruvan: (I haven't been all that flush for a lot of it, but I only started with $1500)
pizzaman1337: wait, what? http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/
guruvan: lulz article
jcpham: yes
jcpham: the winklevii
kakobrekla: howmuch till the gox opens again?
guruvan: many factual errors
kakobrekla: 8h?
guruvan: kakobrekla: 5-6hrs?
jcpham: masters of subversion, now out of the crypto-closet
kakobrekla: est is now 4pm
guruvan: lool.....masters of getting ripped off
kakobrekla: it starts at 2am
guruvan: 5pm
guruvan: oh eSt -
kakobrekla: oh no it was utc
kakobrekla: wtf
kakobrekla: aha so 5h
kakobrekla: bah
guruvan: heh
jborkl_: well, i sent a small amount to Gox, 9 confirms - no show in my account
guruvan: doesn't seem surprising
jborkl_: so, 5-6 hours - I am not thinking is going to work out well for them
guruvan: well....opening up the floodgates for pent-up demand is reeeealy hard on big systems like they have
assbot: [HAVELOCK] [VTX] 1 @ 0.3375 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.3399999 BTC [+]
jborkl_: yes, I dont think 5-6 hours it is going to happen
assbot: [HAVELOCK] [VTX] 2 @ 0.34 = 0.68 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.34 BTC [+]
Bugpowder: which alts are better?
Bugpowder: bitfloor stole 25k
Bugpowder: btce is in russia
dub: so russia
ThickAsThieves: whats the 25k bitfloor story? i have some cash there...
benkay: said scumbag maintains a presence in irc
benkay: where btce?
pigeons: ThickAsThieves: bitfloor got hacked, said sorry, your moneys gone, come trade with us anyway
pigeons: "got hacked" in the bitcoin sense, where who knows if its true mybitcoin
pigeons: btce got hacked and lost money but they ate it
pigeons: the alternatives are only better the rare occasions thye have enough depth
guruvan: Bugpowder: I've been using btc-e - I wish to god they had 2FA, but man....they have some DDOS protection.
guruvan: tough if you need easy usd in or out, but you're trading for btc you can do well with trade fees only .2%
pgp: you know, it's like MPEX exchange membership is on sale....
guruvan: should raise the price ;)
Bugpowder: I won't use anywhere without 2FA. I have too much on gox right now
Bugpowder: or GPG
Bugpowder: that is also acceptable
guruvan: yeah - I feel that...I usually keep my btc-e acct cleaned out.....I don't hold anything there
jborkl_: micrea_popescu , deposit flushed
mircea_popescu: jborkl_ on it
guruvan: I'd really prefer gpg everywhere instead of authenticator or yubikeys
mircea_popescu: yea.
jborkl_: thank you
assbot: [MPEX] [S.DICE] 2000 @ 0.00333332 = 6.6666 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00333333 = 3.3333 BTC [+]
mircea_popescu: aaand flushed./
dub: aaand its gone
taub: nNotice how btc-e has been running on 50% gox volume the last couple hours without having "success"?
Bugpowder: To make myself feel better.... I present my trades of yesterday
taub: lol i know right
Bugpowder: http://i.imgur.com/TfSNGC5.png
Bugpowder: yellow is buy
Bugpowder: blue is sell
Bugpowder: 5% of total stack in each
Bugpowder: trade
taub: must not get jealous
taub: nice trades
TomServo: nice work
taub: how did you feel out the first buy?
taub: just the stagnation?
taub: prolly also depth showing orders
Bugpowder: goxlag was dropping fast and we had a little bounce of 105
Bugpowder: tough part is getting the orders in 10-15 minutes before they need to go off.
taub: rofl
mircea_popescu: lmao
ThickAsThieves: nice
assbot: [HAVELOCK] [VTX] 1 @ 0.345 BTC [+]
Namworld: bugpowder... how do you trade call/puts and Gox so well?
Namworld: I'm doing well on that too... at least I'm on the green overall. But I'm not that accurate =P
assbot: [HAVELOCK] [VTX] 1 @ 0.3799999 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.38 = 0.76 BTC [+]
assbot: [HAVELOCK] [VTX] 30 @ 0.3871 = 11.613 BTC [+]
assbot: [HAVELOCK] [VTX] 10 @ 0.38999 = 3.8999 BTC [+]
assbot: [HAVELOCK] [VTX] 5 @ 0.39 = 1.95 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.39798 = 0.796 BTC [+]
Namworld: I sold VTX at 0.20 ... in the low
Namworld: But then sold the BTC for USD at 250 =P
mircea_popescu: 50 bux a vtx share
mircea_popescu: how can you go wrong.
Namworld: 100 000 x 50 = 5 million!
Namworld: nice valuation
Bugpowder: Namworld: Genetic superiority
Bugpowder: I was born lucky
Bugpowder: either that or I have been burned enough to learn common patterns, and have cashed out enough so that I'm comfortable making big bets without pissing myself
Bugpowder: The sharp move followed by osciallation is classic though
assbot: [MPEX] [S.MPOE] 3866 @ 0.00071642 = 2.7697 BTC [+]
assbot: [MPEX] [S.MPOE] 10834 @ 0.00071795 = 7.7783 BTC [+]
Bugpowder: Also I bougt on gox today at 121, right beofre they shut down... Doh!
ThickAsThieves: i did similar, had an overnight bid for 25 @ 125
Bugpowder: We may be moving into a new market pattern now though, so the strategies I exploited for the last 3 months may no longer work
ThickAsThieves: luckily i cancelled like 10 other bids i had up
TomServo: Bugpowder: how much was the 'bunch of cash' you had on gox before those trades?
Bugpowder: 20% of my stack
Bugpowder: of combined BTC and cashed out value
Bugpowder: Not going to state specific position sizes anymore
unbalanced: Wicked trading.
TomServo: np, didn't mean to intrude
assbot: [BTCTC] [S.BBET-PT] 1 @ 0.00184 BTC [+]
assbot: [BTCTC] [S.BBET-PT] 1 @ 0.00184 BTC [+]
assbot: [BTCTC] [S.BBET-PT] 15 @ 0.00185 = 0.0278 BTC [+]
assbot: [MPEX] [S.MPOE] 8500 @ 0.00070934 = 6.0294 BTC [-]
assbot: [BTCTC] [S.BBET-PT] 15 @ 0.001889 = 0.0283 BTC [+]
assbot: [BTCTC] [S.BBET-PT] 36 @ 0.00189 = 0.068 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.39798 BTC [+]
Bugpowder: it's very tempting to shoot off about specific $ figures, but also stupid to.. Also, whether you are trading $1,000,000 or $100, your emotions are probably more coupled to what % of your net worth is on the line, rather than a specific dollar value
assbot: [BTCTC] [S.BBET-PT] 29 @ 0.00195 = 0.0566 BTC [+]
Bugpowder: The question now is, what is the right play when gox opens?
Bugpowder: would love to hear what people think
ThickAsThieves: i'm having trouble seeing the price drop lower than on outside exchanges
ThickAsThieves: like 65 or so now right?
ThickAsThieves: only thing counterbalancing that
ThickAsThieves: is that the bid book will be so thin
ThickAsThieves: if ANYONE is selling hard
ThickAsThieves: price will crash
Bugpowder: yeah
jborkl_: bugpowder- since only people with $ on Gox can buy - and so many bitcoins to sell -Unless Gox bust trades or limits somehow
mircea_popescu: it can go absolutely any way.
Bugpowder: the bid book is wiped out
mircea_popescu: that's why you don't want idiots like mtgox involved in situations like these.
Bugpowder: We could be in for the mother of all spike ripples
Bugpowder: ;;bids 0
gribble: There are currently 94194264 bitcoins demanded at or over 0.0 USD, worth 5227579.67567 USD in total. | Data vintage: 12.8424 seconds
mircea_popescu: prices stickyiness can cause anything
Bugpowder: ;;bids 50
gribble: There are currently 33641.267 bitcoins demanded at or over 50.0 USD, worth 2504465.676 USD in total. | Data vintage: 16.6801 seconds
jborkl_: Yeah, the only way I see it ending up ok is if Gox has lined up buyers ahead of time
jborkl_: otherwise flash crash
Bugpowder: Be aware that people will over react to every move
ThickAsThieves: due to the fact there is so much uncertainty, i think a likely scenario is a repate of last nights oscilations
Bugpowder: combined with lag
Bugpowder: will cause major swings
ThickAsThieves: if it opens, and lag isnt fixed, price will surely crash
Bugpowder: And then explode up
Bugpowder: and then crash
ThickAsThieves: yep
assbot: [BTCTC] [GSDPT] 5 @ 0.00305 = 0.0153 BTC [+]
ThickAsThieves: yep
assbot: [BTCTC] [GSDPT] 15 @ 0.0031 = 0.0465 BTC [+]
jborkl_: Good bet for bitbet- mt gox trading engines strokes out in 10 minutes or less
Bugpowder: better to go for a big spread on your bid/ask, and not get filled, then to go for a narrow spread and get stuck in a losing position having scalped 10%
mircea_popescu: lol srlsy
mircea_popescu: jborkl_ well there's capitve cash on mtgox
mircea_popescu: there
mircea_popescu: 's not (as much ?) capitve btc
Bugpowder: there is some captive BTC too
assbot: [BTCTC] [S.MPOE-PT] 9 @ 0.00069 = 0.0062 BTC [+]
Bugpowder: tons of cash off the books right now
assbot: [MPEX] [S.MPOE] 8950 @ 0.0006975 = 6.2426 BTC [-]
jborkl_: the ? is how much of that cash has been requested for withdrawal
ThickAsThieves: only btc there, will be from people that fear/dislike/cant deal in fiat on other exchanges
Bugpowder: there are tight withdrawl lmits
Bugpowder: 10k a day
Bugpowder: for verified
jborkl_: not if you are apostilled
mircea_popescu: apostilled lol
jborkl_: lol
Bugpowder: If you are apostilled you proably have 500k on the exchange
jborkl_: spelling
Bugpowder: otherwise its too much of a pita
mircea_popescu: it's just funny, where they put the apostille, on your cock ?
taub: time for powernap until mtgox opens
taub: think we might actually see a little recovery in the meantime, 99-120
mircea_popescu: lmao
mircea_popescu: watch it sit glued in the mp range
Bugpowder: I think greed will defeat fear in the end
ThickAsThieves: greed is on both ends though
ThickAsThieves: buyers and sellers
ThickAsThieves: i think people will need to use outside exchanges as reference
jborkl_: but they will not, Gox is full of noobs that will be hitting sell and f5
ThickAsThieves: maybe...
mircea_popescu: or buy
jborkl_: other people will buy
ThickAsThieves: but how much money do noobs really have
jborkl_: it is going to be fun
jborkl_: there were 15000 accounts waiting in the Q
jborkl_: so, a bunch
Bugpowder: Just for the love of god... don't place a market order.
ThickAsThieves: lol
Bugpowder: http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/
jborkl_: I have some money on there and know what price I am putting my limit at- I hope it gets filled
Bugpowder: I hope the vwap never goes below 122.
mircea_popescu: Winklevii — as they are popularly known — say they own nearly 1 percent of that, or some $11 million.
mircea_popescu: everyone claiming 100k btc like it's a trend
ThickAsThieves: i have a 100k sdice
ThickAsThieves: fo fuck you twins
ThickAsThieves: so
ThickAsThieves: hehe
dub: inb4 facebook launches bitcoin payments
mircea_popescu: if facebook does it it will suck
mircea_popescu: facecoin!
ThickAsThieves: itll be just as cool as facebook gifts
assbot: [HAVELOCK] [VTX] 28 @ 0.39798 = 11.1434 BTC [+]
mircea_popescu: @maxkeiser 5h Could a Patent Lawsuit Take Down the Bitcoin Exchanges Like MtGox???
mircea_popescu: yeah totally. we need more huffpo intelligent bitcoin discussion
mircea_popescu: hopefully the hos are doing it nude while balancing sandwich plates.
Bugpowder: https://www.facebook.com/appcenter/bitcoin-tx?fb_source=appcenter
mod6: mircea_popescu: lol
jborkl_: Service is down for emergency maintenance for one hour, until 2013-04-11 23:30:00 UTC. Please retry at that time
jborkl_: mtgox
mircea_popescu: emergency ?
mircea_popescu: wasn't this scheduled ?
Bugpowder: all the btcz is gone
TomServo: This is the front page now
Bugpowder: maybe now they are really doing the change over
mircea_popescu: maybe they don't know wmat emergency means.
mircea_popescu: everyone says "scheduled" when they mean emertgency,
mircea_popescu: mtgox goes the other way around.
Bugpowder: yeah they could be saying it like we have been so successful, its an emergency
KRS1: hah
mircea_popescu: we are an emergency of our own success.
joecool: gox crashes, MT eats pizza and sweats
assbot: [HAVELOCK] [VTX] 5 @ 0.39798 = 1.9899 BTC [+]
KRS1: mount cocks
joecool: *magic the gathering online exchange
assbot: [HAVELOCK] [VTX] 2 @ 0.39799 = 0.796 BTC [+]
joecool: Apr 11 09:23:40 <MagicalTux> Ad0: sweating right now
joecool: https://twitter.com/MagicalTux/status/322317865443274752/photo/1
Scrat: hah
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.731 = 1.462 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.730211 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.73021 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7302 = 1.4604 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 20 @ 0.73019 = 14.6038 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.73 = 2.19 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.72 = 2.16 BTC [-]
mircea_popescu: https://bitcointalk.org/index.php?topic=173782.0
mircea_popescu: btc-e issues ?
mod6: i saw that earlier... then "moni3z" says: You will get your LTC don't worry
mod6: wat!?
assbot: [HAVELOCK] [HIM] 4 @ 1.6 = 6.4 BTC [-]
mircea_popescu: i dunno
joecool: did that btcex guy just disappear?
mircea_popescu: which one is that ?
joecool: mircea_popescu: the guy who used to run btcex a couple years ago
mircea_popescu: i weirdly have no recollection of this at all. who the f ?
joecool: he was funny, put a bounty up to hack mtgox, did a lot of other insane stuff, trolled bitcointalk ~2011
joecool: but yeah used to run an exchange that went under around then
mircea_popescu: o wait
joecool: russian guy i think
mircea_popescu: went away like mid 2012 neh ?
joecool: https://bitcointalk.org/index.php?topic=6864.0 << here's one of his threads
assbot: [BTCTC] [BTC-TRADING-PT] 1 @ 0.16169 BTC [+]
mircea_popescu: https://bitcointalk.org/index.php?topic=94649.0
mircea_popescu: ya guy was a serial exchange entrepreneur.
assbot: [HAVELOCK] [VTX] 5 @ 0.39798 = 1.9899 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 75 @ 0.0034 = 0.255 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.3985 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 9 @ 0.3989 = 3.5901 BTC [+]
Bugpowder: Jesus Christ. Denninger is trolling my FB page.
mod6: sometimes referred to as a founding member of the Tea Party movement. << the guy is probably a cockmeat sandwich
mircea_popescu: o is he the nut from before ?
mircea_popescu: with the bitcoin is not a good currency because can't be made into a responsible dildo ?
Bugpowder: http://imgur.com/F35l2Sl
mod6: http://en.wikipedia.org/wiki/Karl_Denninger
Guest8717: Tell him that vacuums are actually a multi-billion dollar industry
assbot: [BTCTC] [BTC-TRADING-PT] 10 @ 0.1617 = 1.617 BTC [+]
assbot: [BTCTC] [COGNITIVE] 10 @ 0.1399 = 1.399 BTC [+]
mod6: Bugpowder: what a douchebag
assbot: [BTCTC] [BTC-TRADING-PT] 2 @ 0.1617 = 0.3234 BTC [+]
assbot: [BTCTC] [COGNITIVE] 3 @ 0.1399 = 0.4197 BTC [+]
ThickAsThieves: so no AM update?
guruvan: this is the only refuge of sanity on irc.......everyone else is freaking out about USD loses......
mod6: ^^^
guruvan: any idea how long its safe to reuse a gox deposit address? I want to send funds there, but can't log in.
guruvan: one in my wallet aren't that recently made
mircea_popescu: i wouldn't.
Insaneatyou: Gox is down, I wouldn't be touching them until they're back up
mod6: personally i would wait until they can generate you a new one. who knows if they've changed wallets or whatever.
guruvan: yeah - that's what Im thinking
mod6: yeah, aside from not using gox at all lol
mircea_popescu: and use something other than mttox.
guruvan: ya - this is a special occasion though - I just want to take advantage of the mayhem
Namworld: darn it... I sent 100 BTC to MtGox
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.71 BTC [-]
Namworld: 1FEUCcszrBBMMMm1UwNK8mwFQF29mE39bM
guruvan: I rarely have anything in there (thus no recent deposit addy)
Namworld: Nice repeating pattern
Namworld: Feu (fire) Cc, BB, MMMm
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.701 BTC [-]
Namworld: looks funny
Namworld: I want it as vanity url...
mircea_popescu: Namworld are you sleepy "?
guruvan: hah
Namworld: Possibly...
assbot: [MPEX] [S.MPOE] 3950 @ 0.0006975 = 2.7551 BTC [-]
assbot: [MPEX] [S.MPOE] 6887 @ 0.00069712 = 4.8011 BTC [-]
assbot: [MPEX] [S.MPOE] 2563 @ 0.00069557 = 1.7827 BTC [-]
Namworld: Leave me to my delirium. I'm having fun.
mircea_popescu: np np
Bugpowder: Time to get some sushi and sake to prepare for the mayhem
Namworld: lol
Bugpowder: if gox delays opening though... I will be PISSED
Namworld: Living it big?
Bugpowder: open at 3am EDT
Bugpowder: Still got enough to live large
Namworld: eheh
Bugpowder: but I might not buy that art car now.. http://burners.me/2013/04/09/your-own-art-car-wunders-rockbox-on-the-auction-block/
Bugpowder: Had some discussions with the owner yesterday
Namworld: ok well... I'm going to go eat something before gox reopens...
Bugpowder: after the gox ripple trade
Namworld: Better have a full stomach and be rested so I can stick around
mircea_popescu: how long is it ?
mod6: Bugpowder: holy shit you were going to buy that thing?!??
Bugpowder: yup
Bugpowder: we got a camp
Bugpowder: having someone head up to Ft Bragg to scope it this weekend
mircea_popescu: he's a campy fag at heart :D
guruvan: for burning man?
Bugpowder: of course!
mod6: jeeze
mod6: lol
mod6: WOW
Bugpowder: Not feeling bitrich anymore though
mod6: dude.
Bugpowder: Also I'm sober
Bugpowder: discussions were after a Stone IPA pint.
mod6: people arn't ready for bitcoins yet
guruvan: hahah - those stones are strong
assbot: [MPEX] [S.MPOE] 5937 @ 0.00069557 = 4.1296 BTC [-]
assbot: [MPEX] [S.MPOE] 6963 @ 0.00069538 = 4.8419 BTC [-]
ThickAsThieves: stone ipa is pretty good stuff
mod6: haha, the thing lights up!
ThickAsThieves: ?
ThickAsThieves: oh the car
mod6: oh yeah sorry someone is talking in my ear
error4733: ;;eightball will mtGox crash at 2am
gribble: You know the answer better than I.
pipeline: (yes)
error4733: ;;eightball yes but please, answer the question
gribble: What are you asking me for?
error4733: ;;eightball should i sold all my btc
gribble: The outlook is good.
ThickAsThieves: anothe rtrade hapnd on Gox
ThickAsThieves: Last price:$124.90000
mircea_popescu: heh
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.701 = 7.01 BTC [-]
assbot: [HAVELOCK] [HIM] 2 @ 1.3 = 2.6 BTC [-]
assbot: [HAVELOCK] [HIM] 1 @ 1.21 BTC [-]
assbot: [MPEX] [S.MPOE] 538 @ 0.00069538 = 0.3741 BTC [-]
assbot: [HAVELOCK] [HIM] 2 @ 1.2 = 2.4 BTC [-]
assbot: [HAVELOCK] [KCIM] 1 @ 1.14 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.3659995 BTC [+]
mircea_popescu: $avg
mpexbot: mircea_popescu: 125.94
mod6: well, it'll be interesting to see where this thing goes when mount cawks reopens
mircea_popescu: all i want to see is mtgox volume < 10k for the day.
mod6: that'd be something
ThickAsThieves: there'll be plenty volume when they open
Bugpowder: I am going to do 10k today
TradeFortress: assuming no 502 errors
mircea_popescu: anyway. cahtch you all later.
mod6: Bugpowder: you had some nice trades yesterday
mod6: c-a
mod6: *ya
Bugpowder: hope tonight is a repeat
mircea_popescu: ahhh
mircea_popescu: so how we doin'
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 90.69400, Best ask: 90.69404, Bid-ask spread: 0.00004, Last trade: 90.69404, 24 hour volume: 206604.44982419, 24 hour low: 65.00000, 24 hour high: 168.00000, 24 hour vwap: 104.07735
MJR_: hey mircea_popescu
mircea_popescu: a little low huh
assbot: [MPEX] [S.MPOE] 4835 @ 0.00067922 = 3.284 BTC [-]
assbot: [MPEX] [S.MPOE] 5501 @ 0.00067854 = 3.7326 BTC [-]
MJR_: http://arstechnica.com/business/2013/04/taming-the-bubble-investors-bet-on-bitcoin-via-derivatives-markets/
jurov: yea, just told my family to start getting in
MJR_: retards ^^^ how do they talk about "derivatives" without actually mentioning derivatives
mircea_popescu: MJR_ it's a talent.
mircea_popescu: they are probably waiting for me to send them gifts and pat them on the head.
mircea_popescu: which is nice because i never will. they can come to me on knees and get something or else keep on prattling.
MJR_: i get that they should have mentioned mpex...
MJR_: but my point is that they should have mentioned a derivative
MJR_: hedge fund !=derivative
MJR_: nor does shorting
MJR_: or leveraged trading
Scrat: are you ready for the lulz today
Scrat: the "50x faster engine"
MJR_: so...they basically say financial derivatives can stablize markets (US govt banned onion futures and they are now volatile) so given that info
mircea_popescu: MJR_ yea well...
MJR_: lets not talk about an actual derivative at all
mircea_popescu: in my experience it's kinda how this stuff goes. may be wrong.
mircea_popescu: ;;goxlag
gribble: MtGox lag is 2.570025 seconds. During this time, light travels 0.00515030132457 AU. You could have sent a bitcoin from Jupiter to its largest moon, Ganymede (0.007155 AU).
mircea_popescu: well... 2.57 seconds is 50x faster than something...
Scrat: 2.57 seconds with roughly 30 trades in the last minute
mircea_popescu: lol
mircea_popescu: anyway their lag problem should be resolved tghe other way
mircea_popescu: everyone quitting.
error4733: i.imgur.com/ngMsLqr.png
Scrat: error4733: very nice, which website is that
error4733: reddit?
error4733: or maybe the address in the address bar ?
error4733: :)
error4733: ;;eightball should i stay in my bed get laida
gribble: Yes!
error4733: thanks eightball
Scrat: ;;goxlag
gribble: MtGox lag is 79.565712 seconds. During this time, light travels 0.159448795986 AU. You could have sent a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
Scrat: wahahahahah
error4733: ;;eightball will my boss undesrtand i keep me tmrw
gribble: What are you asking me for?
error4733: ;;eightball will my boss undesrtand i keep me tmrw
gribble: You know the answer better than I.
error4733: ;;eightball will my boss know i fuck is daugter ?
gribble: You're kidding, right?
mircea_popescu: lol
mircea_popescu: is she hot ?
assbot: [BTCTC] [CRYPTO-TRADE] 79 @ 0.2 = 15.8 BTC [+]
error4733: no
mircea_popescu: Scrat well... it's 50x faster than 4000 seconds ?
error4733: resume for the last 6h ? no more drama ?
mircea_popescu: nothing much.
error4733: GOOD, pain in the ass to explain if btc was crash to 20$ ut this, 90$ is juste a correction from th last 3 crazy week ! hope next bubble i got some ball to short when a crash is obv
jurov: i just pretty much ignored whole bubble. not worth to mess with one's nerves like that.
jurov: might buy few next month calls soon, nothing else.
taub: $avg
mpexbot: taub: 97.18
taub: :>
mircea_popescu: the good news is that based on 24 jhour data mtgox is down under 50% of volume
mircea_popescu: if this trend continues and in a week they're 20-30% this will all have been well worth it.
assbot: [MPEX] [S.MPOE] 13666 @ 0.00067363 = 9.2058 BTC [-]
bitesak_: the pricing of options seem to have changed...
pizzaman1337: yeah, because the pricing of usd/btc has changed...
bitesak_: fair enough, so strikes ned to be extended way beyond 500 to have prices flatten out at ~0.059?
mircea_popescu: bitesak_ the bot's volatility sense has been utterly overloaded these past few days
mircea_popescu: i think some assumptions baked into it originally (2011, that is) melded security with actual pricing at the edge cases.
mircea_popescu: we could say it's seeing more of a "catastrophic event" than normal market conditions.
bitesak_: thanks. call options for Next month are the same price as This month as of strike 386
bitesak_: and thank you mircea_popescu for your reliable and great service you offer. it does stick out nowadays.
mircea_popescu: bitesak_ thanks for noticing.
mircea_popescu: the fact is this recent price nonsense has been drowning out legitimate bitcoin interest and investment
mircea_popescu: in a flood of noobish speculators.
mircea_popescu: they have gotten well stung tho, and stinging will continue until people understand that bitcoin is actually useful and actually valuable, not a get rich quick scheme of the week.
mircea_popescu: also from the good news department, https://bitcointalk.org/index.php?topic=174549.0
bitesak_: let's focus on the good and let it grow and appreciate
Uglux_: rip gox
mircea_popescu: bitesak_ yes. still, it's hard to explain to people the investment virtues of bitcoin
mircea_popescu: atop a cacophony of experts a la max keiser.
bitesak_: as you said, say the truth no matter the context, just make sure tis the truth
ZedsterX: have any of you seen/read this? http://www.infowars.com/bitcoin-crashes-over-50-just-one-day-after-bold-public-prediction-by-mike-adams-of-natural-news/
Uglux_: goxlag
Uglux_: ;;goxlag
gribble: MtGox lag is 112.75835 seconds. During this time, light travels 0.225966470895 AU. You could have sent a bitcoin between Earth and Venus at their closest approach (0.254 AU).
mircea_popescu: ZedsterX there's about fiddy billion people claiming they called it by now.
mircea_popescu: it's how these fringe outfits survive.
ZedsterX: watch the vid really read the article try not to be so high and mighty all the time mP
bitesak_: am off_
ZedsterX: the part about bitcoinbillionaire is the most interesting
mircea_popescu: ZedsterX i rarely watch a vid. care to summarize ?
bitesak_: "Wednesday’s wild ride came as someone gave away thousands of dollars worth of Bitcoins on Reddit, the social news site. News blog Business Insider calculated a Reddit user under the name “Bitcoinbillionaire” had given away $13,627.69896 worth of Bitcoins to Reddit users over the day."
Scrat: mircea_popescu: I think it's time for you to invest in CSS
ZedsterX: he say BTCbillionnaire was central banks
mircea_popescu: so somebody gave away 13k worth of btc on reddit and therefore crash. this is the public statement ?
mircea_popescu: Scrat why ?
ZedsterX: not the point
mircea_popescu: ZedsterX well, so state the point
Scrat: because UX matters
mircea_popescu: start by stating the point is a great policy anyway.
mircea_popescu: Scrat certainly. where's css get into ux ?
Scrat: by making it more readable? i mean unformatted tables, come on
troc: UX matters to some
mircea_popescu: Scrat you have lost your argument here. so, ux matters. here's the ux :
mircea_popescu: $mpexlag
mpexbot: mircea_popescu: 0.110823869705 seconds
mircea_popescu: the other part of ux is the 0.2% sell side only fee.
mircea_popescu: that's 1/10 what mtgox charges, for arguably much more service.
mircea_popescu: this is ux.
mircea_popescu: gpg signed contracts, that's ux.
pizzaman1337: how about instant deposits? That would be nice
mircea_popescu: or in other words : ux is for USERS only. there's no suchj thing as vx, visitor experience.
mircea_popescu: pizzaman1337 also unsafe.
pizzaman1337: unsafe to accept money coming in?
mircea_popescu: remember the recent hard fork ? i wouldn't trust the current codebase.
mircea_popescu: yes.
pizzaman1337: ah, true
mircea_popescu: i'd end up having to cancel trades daily or some shit
mircea_popescu: even once a year is too much for people to stomach.
pizzaman1337: isn't it easy to monitor for blockchain forks?
mircea_popescu: it is impossible to do, because these are emergent phenomena.
mircea_popescu: nobody really has a clue what bitcoin code does, and the devs are resisting tooth and nail any attermpt to specify it
assbot: [MPEX] [S.MPOE] 120 @ 0.00067687 = 0.0812 BTC [+]
assbot: [BTCTC] [GSDPT] 3 @ 0.00319 = 0.0096 BTC [+]
assbot: [MPEX] [S.DICE] 4000 @ 0.00316043 = 12.6417 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00349999 = 3.5 BTC [+]
assbot: [MPEX] [S.DICE] 700 @ 0.0035 = 2.45 BTC [+]
assbot: [MPEX] [S.DICE] 1500 @ 0.00373 = 5.595 BTC [+]
assbot: [MPEX] [S.DICE] 2800 @ 0.00373333 = 10.4533 BTC [+]
Cylta: How much did you lose\get, people?
mircea_popescu: this ain't otc, cylta
Cylta: mircea_popescu: I just wanted to know, did you able to make it profitable for you, or not =)
Cylta: and did you able to predict it or not
pizzaman1337: ;;market buy --usd 130000
gribble: A market order to buy 130000.0000 USD worth of bitcoins right now would buy 1618.5055 bitcoins and would take the last price up to 82.0000 USD, resulting in an average price of 80.3210 USD/BTC. | Data vintage: 27.2853 seconds
assbot: [MPEX] [S.MPOE] 660 @ 0.00067687 = 0.4467 BTC [+]
mircea_popescu: Cylta i take it you've not seen http://trilema.com/2013/in-which-noobs-learn-lessons-and-pay-for-the-privilege ?
pizzaman1337: ;;asks 100
gribble: There are currently 11619.268 bitcoins offered at or under 100.0 USD, worth 1054970.02346 USD in total. | Data vintage: 29.2044 seconds
assbot: [MPEX] [S.MPOE] 4953 @ 0.00067687 = 3.3525 BTC [+]
Cylta1: mircea_popescu: Okay, so you knew it. Very good, just checking you =)
mircea_popescu: :p
mircea_popescu: most people knew i would say.
mircea_popescu: maybe some didn't know they knew. anyway.
Cylta1: Some people (actually, a lot) expected that "bitcoin is about to explode!11"
MJR_: ugh...when will people learn that stupid systems can't be saved by more hardware
mircea_popescu: MJR_ depends who's people. people with no competence won't develop it magically.
mircea_popescu: Cylta1 ya well...
MJR_: it is just a retardly simple fix
MJR_: but for some reason, they would rather halt trading for 12 hours to set up new servers
MJR_: and still not fix the problem
mircea_popescu: $goxlag
mircea_popescu: ...
MJR_: $goxlaglag
mircea_popescu: ;;goxlag
gribble: MtGox lag is 1.38465 seconds. During this time, light travels 0.00277482309669 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
mircea_popescu: a ok
MJR_: it hit 30 seconds like 2 minutes ago
MJR_: and its because i see all the bullshit orders coming in and out
MJR_: i am streaming their data
MJR_: and they just have a ton of orders for .05 btc
MJR_: i think it would be way less radical to just change min order size than to shut down for 12 hours
jurov: mjr_ did not plan for it and afraid to break it...
Cylta1: they should do a stable fee of 0.001 btc per order in addition to 0.6%..
jurov: i know this fear firsthand now
MJR_: yeah, you could just change fee schedule
MJR_: to avoid spam
MJR_: anyway, to treat an order for .05 btc the same as one for 100 btc is retarded
MJR_: its called toxic order flow
MJR_: and IRL they will disable your account
MJR_: if you spam orders like that
jurov: it's better to have built-in protection in system
jurov: than to fix afterwards with fees
MJR_: i agree...
MJR_: you could implement a system in a ton of different ways
MJR_: prioritze by size
MJR_: higher fees for lower size
MJR_: block lower size completely
MJR_: etc...
MJR_: any one of those would prob reduce their stress by 90%
jurov: no. i just did it so that one user can't place two orders at once. has to wait for the first one to return from mpex
MJR_: instead of "everyone stop for 12 hours"
MJR_: i was talking about gox
troc: limit it to n orders per x ?
MJR_: there you go
MJR_: that would work too
MJR_: any of those systems would be better than bringing up another server
MJR_: not that its bad to bring up more servers...but if you have a stupid unscalable system in place, it really doesn't matter how much more hardware you have
jurov: heck, even theymos can't be brought to spend to improve the forum
MJR_: unless you can grow your hardware exponentially i suppose
jurov: it's just they found themselves in dark place and feel too paralyzed about everything
mircea_popescu: jurov yea isn't that interesting ? only forum in the world that had 1mn usd at any point
jurov: no help there, i guess
mircea_popescu: heh. ui think you're exactly correct.
MJR_: i'm also surprised that more people don't just use amazon cloud
MJR_: i really wonder what their office was like today
mircea_popescu: fast food and whatever
mircea_popescu: didn't the guy put pix up ?
MJR_: i've really been curious about the ACTUAL volume they do # of transactions
MJR_: not # of bitcoins
MJR_: yeah i saw the pizza photo
assbot: [MPEX] [S.MPOE] 14237 @ 0.00069911 = 9.9532 BTC [+]
assbot: [MPEX] [S.MPOE] 11696 @ 0.00069963 = 8.1829 BTC [+]
MJR_: they should look at 0MQ or something like that
MJR_: :)
MJR_: my friend and coworker just designed his optimized version of that, which outperforms it...i think he gets 350k messages per second...
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7589 = 1.5178 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.759 = 3.036 BTC [+]
gesell: https://status.bitfloor.com/
gesell: bifloor, please keep in mind that most of the community today is filled with speculators that dont give a fuck, and also there are plenty of entities that actually want bitcoin to fail. Get your security house in order!
gesell: there are still 0 whales on the bids book and plenty on the asks
pigeons: has anybody actually seen tiberiusiv and EskimoBob together at the same time?
gesell: i really wonder if the bid whales really chose to wait it out while holding so much btc at risk
gesell: why would they do that. maybe they have way more in fiat
MJR_: good point
ZedsterX: 50 will be the magic number
ZedsterX: wrong window
gesell: i love how the 111111 btc addr has become a bilboard for others to send 0.001 btc to have their own scam advertised http://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
pgp: morning all - what is consensus on gox's "new server" was lag any better overnight?
gesell: lag has been in the 0 to 8 second range for the past 20 min or so
gesell: but tehn again, probably not as much volume or
MJR_: i saw 30 seconds
MJR_: just 15 min ago
MJR_: pgp: did you test the data? i emailed you the link, wanna see if it'll work right out of the box on your machine
pgp: well, i get the feeling that volume will start to pick up as it continues to drift lower here...
pgp: crazy action last night, though...
MJR_: well, cnbc reported $65...it was at 80 at the time
pgp: wall at 76 is going to disappear fast imho
pgp: gone
taub: bids getting hosed
taub: in before another cooldown
pgp: get back into the bunker, boys...
pgp: buy @ $32
taub: i feel so bad for everyone who bought 200+
taub: or even 100+
taub: btce chat full with sob stories of people who are now broke
KRS1: lol
KRS1: i dun feel bad
Cylta1: taub: it was their fault, not your
Cylta1: taub: they simple were too greedy.
taub: i know, i still feel bad for them :)
KRS1: greed fuels a purchase at $200+ for a financial instrument that rose so quickly
KRS1: its going down to $32? damn
KRS1: heh
pgp: tulips, baby, tulips...
taub: i got buy orders along the way
taub: :)
pgp: definately going below 50 today, i think...
MJR_: if you redraw the six month chart...and connect this point to the prior 6 months, it looks like a nice steady growth
pgp: mjr: yes
assbot: [BTCTC] [ASICMINER-PT] 25 @ 0.759 = 18.975 BTC [+]
taub: all those huge sell orders, thenn the cute 1btc buy inbetween lol
assbot: [BTCTC] [ASICMINER-PT] 18 @ 0.759 = 13.662 BTC [+]
pgp: so, gox *seems* better, no?
taub: pop pop watching prices drop
taub: yea it lags consideribly less
pgp: 70 going going...
taub: about 2k+ coins dumped on 70 just now
pgp: gone
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7605 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7609 BTC [+]
pgp: i think that they've improved lag by an order of magnitude it seems to me... that was a lot of coin that just went off
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7609 BTC [+]
pgp: normally we'd be at 500 sec lag or more
taub: yep
taub: ;;goxlag
gribble: MtGox lag is 35.184033 seconds. During this time, light travels 0.0705084081919 AU. You could have sent a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
KRS1: so $32 is not going to happen?
gesell: (13:54:29) MagicalTux: [20:53:00] <gesell> MagicalTux: have someone give a road plan for how the issues with dos via small orders is going to be dealt with in the long term <- new trade engine won't have any issue handling that
pgp: it'll happen
pgp: first stop 50
KRS1: damn when will we see the bottom
gesell: (13:55:28) gesell: MagicalTux: do you guys recalculate the fee bracket after every single trade? If so I would recommend tampering this somehow because thats added computation that could be leveraged in a direct dos (small orders)
gesell: (13:57:25) MagicalTux: gesell: we're already throtteling
KRS1: the graphs tell me steady, healthy increase like mjr said but not tulip
pgp: joking about the tulips...
KRS1: lol ok
pgp: good thing about drops like this if that it soes flush out the noobs and puts coins back into strong hands (i hope)
gesell: mjr_ this type of analysis doesnt apply here sadly because much of the crash is simply from technical glitches
ChaangNoi: lol at the ticker
ChaangNoi: ;;ticker
gribble: BTCUSD ticker | Best bid: 67.00000, Best ask: 67.20000, Bid-ask spread: 0.20000, Last trade: 67.00000, 24 hour volume: 280761.33688409, 24 hour low: 65.00000, 24 hour high: 163.44100, 24 hour vwap: 94.84470
ChaangNoi: will be get back to 20?
troc: ;;bids 0
gribble: There are currently 46813366 bitcoins demanded at or over 0.0 USD, worth 9022428.38588 USD in total. | Data vintage: 77.6342 seconds
Diablo-D3: ChaangNoi: I predicted $50 before $500
Diablo-D3: I guess its coming out that Im right
ChaangNoi: if you made that call at $45 good job :)
pgp: I was talking to a VC the other night ($230) who was bragging about *almost* being a bitcoin millionaire - bought in around 85 - I'll bet he feels like a douche bag now
Diablo-D3: ChaangNoi: well Ive been saying it since we started heading up to $100 the first time
alex12: anyone heard of this? : http://primeasic.com/index.html
pigeons: wow everyone i talk to is always totaly right with their market predictions, everyone must be rich
KRS1: whats funny is- i'm way better off than I was when the price was this low last time lol
Diablo-D3: ChaangNoi: I think mp was agreeing with me at the time too
ChaangNoi: lol yeah calling $50 before $500 when at $20 is a pretty safe call
ChaangNoi: pigeons i thought we would get close to $500. i was wrong, but i still slowly sold a few percent ever $50 so im fine for a few years of living in fiat
pgp: alex12: looks like scam to me
ChaangNoi: still if anyone told you that at jan 1st we would be at $60 in april would you have belived them? :)
ChaangNoi: prime asic is a scam lol
alex12: pgp: picks look interested ...
alex12: s/ed/ing/
alex12: yeah ...
KRS1: lol
pigeons: i have more btc than i did 2 days ago, and thats what counts to me
gesell: pigeons: agreed
ChaangNoi: i was all in btc before the rally
Scrat: ;;ticker --last
gribble: 66.00000
alex12: is asicminet.pt mining yet?
ChaangNoi: i had no more fiat left
gesell: bitcoin-24 down
ChaangNoi: i was selling my limited gold.silver to live
Diablo-D3: ChaangNoi: btw, no, I was saying we'd drop to $50 before we'd go to $500
ChaangNoi: i can now last foe 2 more years, sad to admit it, but i did sel btc
Diablo-D3: ChaangNoi: and I kept saying it the higher we went
Diablo-D3: I never expected we'd reach $26x
ChaangNoi: d3 im just messing with ya:)
pigeons: yeah i sell btc too when i need to buy something
ChaangNoi: got a family to support
ChaangNoi: but we are yet to hit 50, we might not make it, will be interesting next week
ChaangNoi: the thing is, buying at $60 is so much better than buying at $260, and i sold at $260...
taub: rofl
pigeons: that's the way to do it :)
taub: bitcoinity
taub: dancing chicken with caption "I REGRET NOTHING"
ChaangNoi: lol at chicken on bitcoinity
pgp: funny
pgp: he does some entaining stuff with the site
pgp: entertaining
ChaangNoi: yeah, i like it a lot
ChaangNoi: 5k wall at 65
pgp: you ever see the big picture of his face smiling at you with the bitcoin address under it...
ChaangNoi: nope
ChaangNoi: i was the first to donate to him
ChaangNoi: he has the address on the lower right
pgp: it's the best site of it's kind...
ChaangNoi: and most of the time it works
ChaangNoi: lol there goes 65
ChaangNoi: did someone sell into that wall?
pgp: interesting that there really aren't any ask walls... it's just a ton of market sell orders
pgp: unrelenting
ChaangNoi: yeah
ChaangNoi: kinda wonder if it was pump and dump all along
pgp: and nice to see happen in plain old slow motion... instead of slow, slow, super slow motion...
ChaangNoi: someone just bought a massive amount at 65
pgp: conspiracy theory are already circulating...
pgp: mjr - what were you saying last night about this?
assbot: [MPEX] [S.MPOE] 10150 @ 0.00069424 = 7.0465 BTC [-]
ChaangNoi: im honestly shocked people have this many coins to sell
ChaangNoi: ;;asks 50
gribble: There are currently 0 bitcoins offered at or under 50.0 USD, worth 0.0 USD in total. | Data vintage: 1.2933 seconds
pgp: maybe these guys are selling: http://www.huffingtonpost.com/2013/04/11/winklevoss-bitcoin_n_3063831.html
ChaangNoi: ;;bids 50
gribble: There are currently 30010.715 bitcoins demanded at or over 50.0 USD, worth 1648930.43267 USD in total. | Data vintage: 5.7436 seconds
ChaangNoi: pgp doubt it
ChaangNoi: ;;bids 50.0001
gribble: There are currently 22950.793 bitcoins demanded at or over 50.0001 USD, worth 1295934.3161 USD in total. | Data vintage: 27.9335 seconds
MJR_: pgp: huh?
MJR_: i liked the insanity wolf image macro
pgp: mjr - what you were saying last night about orchestrated selling
ChaangNoi: my bitcoinity now shows a low of 60? wtf?
pgp: yep
Scrat: massive dumps and goxlag
pgp: 60 gone
MJR_: http://www.quickmeme.com/meme/3tsbo3/
pgp: there goes the neighborhood
farfi: almost time to buy :)
thestringpuller: ;;bc,24hprc
gribble: 89.99
pigeons: http://www.youtube.com/watch?feature=player_embedded&v=sFhgfA1G2Uw
ChaangNoi: ;;ticker
gribble: BTCUSD ticker | Best bid: 57.12120, Best ask: 58.00000, Bid-ask spread: 0.87880, Last trade: 57.12120, 24 hour volume: 313449.17648717, 24 hour low: 58.00000, 24 hour high: 158.27517, 24 hour vwap: 91.00931
pgp: pigeons - funny!
pgp: i wonder what going on with the exante folks right now...
pgp: ;;bids 0
gribble: There are currently 46973788 bitcoins demanded at or over 0.0 USD, worth 7417988.25877 USD in total. | Data vintage: 72.1237 seconds
gesell: pgp: getting lots of free BJ's from max keiser
gesell: im sure
MJR_: lol
pgp: lol
MJR_: short at 56.30 :)
pgp: a lot of coin sold in last half hour
pgp: 80k?
ChaangNoi: yeah, insane
KRS1: gonna stop at 56?
KRS1: no $30? lol anyone seen the order books
ChaangNoi: 64 again lol
ChaangNoi: these guys can only sell so many coins, they cant naked short like they do with silver
assbot: [MPEX] [O.USD.P089T] 1 @ 1.50413736 BTC [+]
pgp: can't go *straight* down... but these feels like a dead cat bounce... the guys bying 80 an hour ago will take the opportunity to sell...
Scrat: we think we should not be angry at gox, but instead be thanking it
Scrat: for allowing natural selection to continue
assbot: [MPEX] [O.USD.P089T] 5 @ 1.78 = 8.9 BTC [+]
pgp: lol
pgp: social darwinism at its best
pgp: problem with crashes is that at so many points along the way, it looks like a buy, but it's not...
joecool: ;;goxlag
joecool: lollll
TomServo: aaand it's dead
deadweasel: lol yeah, poor bugpowder, bought all the way down... :(
joecool: again
gribble: Error: Problem retrieving gox lag. Try again later.
joecool: ^^ lol
Scrat: new 50x machine is so fast it accidentally traded with the future causing a casuality violation
Scrat: causality*
pgp: lol
farfi: does thatmean the coins evaporate?
pgp: I think they turn in Magic: the gathering playing cards...
alex12: when is asicminer.pt going to kick in with thier asic's?
alex12: 10TH/d s ++ is what im reading - this true?
alex12: 10TH/s ++
MJR_: lag is over 200 seconds now
MJR_: ;;goxloag
gribble: Error: "goxloag" is not a valid command.
MJR_: ;;goxlag
taub: gox'd
pgp: wow - gox is dead in the water - again...
MJR_: ;;goxlaglag
gribble: Error: "goxlaglag" is not a valid command.
MJR_: LOL
MJR_: sure it's not gribble
pgp: looks like we have to russian again for price discovery...
thestringman: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 1 week, 0 days, 21 hours, 3 minutes, and 48 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
gribble: Error: Problem retrieving gox lag. Try again later.
KRS1: ;;gribble wtf man
gribble: yes I am gribble. why do you keep bothering me?
KRS1: sorry
Scrat: back to the trollbox everyone
gesell: ;;ticker
gribble: BTCUSD ticker | Best bid: 67.00001, Best ask: 69.00000, Bid-ask spread: 1.99999, Last trade: 67.00001, 24 hour volume: 329726.38134032, 24 hour low: 54.25000, 24 hour high: 149.00000, 24 hour vwap: 88.67769
ChaangNoi: 70
alex12: ;;help
gribble: The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation: http://gribble.sourceforge.net/
alex12: !help
assbot: List of commands:
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO) {short: !t}
assbot: !last <exchange> <ticker> (desc: returns last price value, supported: MPEX, HAVELOCK, BTCTCO) {short: !l}
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
assbot: !rules <nick/chan> (desc: chan guidelines) {short: !r}
assbot: !exchanges <nick/chan> (desc: lists exchanges and brokers) {short: !e}
alex12: uh oh
ChaangNoi: lol
ChaangNoi: Am is back up, to normal price nice
ChaangNoi: btc = 78
ChaangNoi: what acrazy roller coaster
pgp: going up on light volume - just wait
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7252 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7251 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.725 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.721 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7201 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.72 = 2.16 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.71 = 2.13 BTC [-]
ChaangNoi: will be interesting to see it eat the wall at 80, was 5k
pgp: i agree that would be convincing...
pgp: still think more selling to come
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.70111 BTC [-]
damientrog: what no more put options available?! :)
KRS1: i'm with you pgp
assbot: [HAVELOCK] [SDICE] 1 @ 0.36599939 BTC [+]
pgp: ;;bids 60
gribble: There are currently 11347.452 bitcoins demanded at or over 60.0 USD, worth 692876.202568 USD in total. | Data vintage: 0.0033 seconds
KRS1: ;;asks 60
gribble: There are currently 0 bitcoins offered at or under 60.0 USD, worth 0.0 USD in total. | Data vintage: 10.2119 seconds
KRS1: huh
pgp: rope a dope
assbot: [HAVELOCK] [SDICE] 1 @ 0.36599939 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.397 = 0.794 BTC [+]
MJR_: bitfinex can be lame
MJR_: their book is so thin
MJR_: that when they all of a sudden announce "no gox routing"
assbot: [MPEX] [S.MPOE] 180 @ 0.00069963 = 0.1259 BTC [+]
MJR_: your position changes dramatically
kakobrekla: you accually use that site ?
ThickAsThieves: ;;nethash
gribble: 66225.2957147
ThickAsThieves: ;;estimate
gribble: Next difficulty estimate | 9061123.52326 based on data since last change | 9251425.76873 based on data for last three days
MJR_: wonder whats going in miners world
ThickAsThieves: lets hope the keep it together
ThickAsThieves: and stick with the plan
joecool: minin errday
ThickAsThieves: mining is a foundation factor in btc price
MJR_: yeah
MJR_: but the price is changing profitability numbers
MJR_: and exchanges fucking up is hurting their liquidity
gribble: There are currently 7586.0915 bitcoins offered at or under 80.0 USD, worth 574725.436367 USD in total. | Data vintage: 243.1423 seconds
pgp: gox dead?
ThickAsThieves: ya
ThickAsThieves: back
ThickAsThieves: meanwhile people still betting away at sdice
pgp: lol
lippoper1: lol
lippoper1: tiberiusiv, where will the price stabilize?
pgp: not here
lippoper1: in Japan?
pgp: bitfloor looks like it's down again...
lippoper1: Strap your seatbelts, we're going down again, sell off
pgp: yep
KRS1: lipppppPOP
taub: wow all exchanges down
KRS1: ;;gribble where will the price stabilize?
gribble: yes I am gribble. why do you keep bothering me?
KRS1: hasnt had his coffee yet?
joecool: :-\
taub: depends when he started buying
joecool: he prob dyde
joecool: well at worst, he's probably fucked himself on 3 or 4 paychecks only
joecool: considering timeframes and where price is
joecool: my last major buy in was at $30 so i'm ok with prices being where they're at
joecool: my target was ~$70
joecool: then everyone got crazy
joecool: i did sell a bit at $140 and again at $240, so at this point i could have it drop to 0 and not care
lippoper1: party is over
lippoper1: surprised it's stabilising at ~70
kakobrekla: ;;seen jurov
gribble: jurov was last seen in #bitcoin-assets 2 hours, 18 minutes, and 50 seconds ago: <jurov> no help there, i guess
lippoper1: so
lippoper1: if there are no bids, the price must rise or drop?
pizzaman1337: ;;ticker
gribble: BTCUSD ticker | Best bid: 69.97336, Best ask: 70.00000, Bid-ask spread: 0.02664, Last trade: 70.00000, 24 hour volume: 336060.23220623, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 85.28347
lippoper1: that's what I thought too, but I've seen weirder between yesterday and today
gribble: There are currently 16889.34 bitcoins offered at or under 100.0 USD, worth 1435165.93254 USD in total. | Data vintage: 0.0031 seconds
gribble: There are currently 34051.827 bitcoins demanded at or over 50.0 USD, worth 1939351.7359 USD in total. | Data vintage: 11.6362 seconds
lippoper1: ;;goxlag
gribble: MtGox lag is 60.589218 seconds. During this time, light travels 0.121420114481 AU. You could have sent a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
lippoper1: gox is lagged, that means price will drop
lippoper1: lol
lippoper1: it's gearing up for a drop right now
lippoper1: would you agree tiberius?
lippoper1: hehe
KRS1: ;;asks 67
gribble: There are currently 0 bitcoins offered at or under 67.0 USD, worth 0.0 USD in total. | Data vintage: 0.0025 seconds
assbot: [MPEX] [S.MPOE] 7000 @ 0.00069424 = 4.8597 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7549 BTC [+]
thestringdude: ;;seen mod6
gribble: mod6 was last seen in #bitcoin-assets 10 hours, 27 minutes, and 15 seconds ago: <mod6> http://youtu.be/wzQM-tLIz9M << music my gf humms to me when i tell her that gox has gone down
pizzaman1337: heh, btc-e is using cloudflare now
thestringdude: ;;goxlag
gribble: MtGox lag is 1.256375 seconds. During this time, light travels 0.00251776143292 AU. You could have sent a bitcoin from Earth to Moon (0.00257 AU).
thestringdude: All cheap coins just got bought up
thestringdude: Boooo
ThickAsThieves: now would be a great time for someone to click the Buy $1m button a few times
ThickAsThieves: downtrend finally broke
thestringdude: Does anyone still do business with smickles?
thestringdude: ;;seeb smickles
gribble: Error: "seeb" is not a valid command.
thestringdude: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 1 week, 0 days, 22 hours, 21 minutes, and 38 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
ThickAsThieves: i dont even know what business he does
thestringdude: :O
joecool: ;;last
gribble: [08:04:18] <thestringdude> :O
alex12: when all the ASIC's land from avalon, what would the expected difficulty be?
joecool: ask BCB, i told him to keep shining a crystal ball
Cylta: alex12: avalon hash power * amount of avalons + current hashrate.
thestringdude: :( he is a broker but sometimes takes unexpected leave. He is probably profiting on the volatility.
thestringdude: But I am locked from my account.
thestringdude: Lol
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 81.60000, Best ask: 82.00000, Bid-ask spread: 0.40000, Last trade: 81.60000, 24 hour volume: 344493.53429010, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 84.08093
thestringdude: ;;asks 83
gribble: There are currently 2212.4906 bitcoins offered at or under 83.0 USD, worth 178085.831235 USD in total. | Data vintage: 110.5263 seconds
thestringdude: ;;bids 80
gribble: There are currently 116.80199 bitcoins demanded at or over 80.0 USD, worth 9344.15952 USD in total. | Data vintage: 0.0071 seconds
bitesak: ;;ticker
gribble: BTCUSD ticker | Best bid: 80.00000, Best ask: 80.50000, Bid-ask spread: 0.50000, Last trade: 80.00000, 24 hour volume: 345297.93796984, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.99958
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 80.00000, Best ask: 80.63032, Bid-ask spread: 0.63032, Last trade: 80.63032, 24 hour volume: 345297.93796984, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.99958
jurov: thestringdude, maybe you're using wrong broker then :P
gribble: There are currently 9890.3521 bitcoins offered at or under 100.0 USD, worth 918182.560604 USD in total. | Data vintage: 0.0026 seconds
thestringdude: Am I jurov? As I recall you charge 1.3 btc a year :P i guess in consideration, that = 1 mpex account in about 20 years
thestringdude: Okay perhaps we shall talk soon.
thestringdude: :P
thestringdude: !ticker m ^OIX
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 123.90251552 / 218.88143499 / 226.22012381 (14550 shares, 2,478.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
thestringdude: The bulls will wake up soon
thestringdude: Damn.
thestringdude: smickles cyprus'ed me
thestringdude: !ticker m s.mpoe
assbot: [MPEX:S.MPOE] 1D: 0.00067363 / 0.00069461 / 0.00071795 (397326 shares, 275.99 BTC), 7D: 0.00063322 / 0.00068844 / 0.00071795 (1922595 shares, 1,323.61 BTC), 30D: 0.00059218 / 0.00068816 / 0.00077505 (9962088 shares, 6,855.60 BTC)
assbot: [BTCTC] [S.DICE-PT] 11 @ 0.00386 = 0.0425 BTC [+]
thestringdude: !ticker h him
jurov: lol dunno how much mircea will be asking in 20 years
assbot: [HAVELOCK:HIM] 1D: 1.20000000 / 1.3574 / 1.65000000 (50 shares, 67.87000000 BTC), 7D: 0.75000001 / 1.46804495 / 1.93000000 (287 shares, 421.32890011 BTC), 30D: 0.75000001 / 1.73321281 / 2.08000000 (812 shares, 1407.36880041 BTC)
thestringdude: Exactlt
thestringdude: Which is why we will talk
thestringdude: ;;getrating jurov
gribble: WARNING: Currently not authenticated. User jurov, rated since Fri Jan 20 16:16:32 2012. Cumulative rating 14, from 16 total ratings. Received ratings: 15 positive, 1 negative. Sent ratings: 10 positive, 1 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=jurov
thestringdude: Why is there no message for smickles rating of you?
jurov: um, i should prolly ask rating on every withdrawal like mp does
jurov: oh, he was out of words
thestringdude: Yeah your withdrawal fees are too high
thestringdude: .01 da fuuuuuq?
thestringdude: My roaming ATM charges less :P
jurov: it's not wallet, ya know
jurov: nor atm
ThickAsThieves: string, why not get your own account?
thestringdude: But also .01 transfer yo
thestringdude: I was working on that
ThickAsThieves: ive been in this chan for like 4 mos, and smickles was absent most of it
thestringdude: Usagi owes me 18 coin
thestringdude: Smickles has 3.71 of it paid out plus another 10
ThickAsThieves: guy seems great, but i dunno why youd want a broker that was rarely around
joecool: lol
thestringdude: He used to be around all the time
ThickAsThieves: how many mos need to pass for you to change your outlook?
ThickAsThieves: he hasnt even had his baby yet
thestringdude: Sends monthly statements and was around to capture options instantly like Bugpowder sometimes does for me.
ThickAsThieves: sry i dont mean to berate you
ThickAsThieves: just feel bad
thestringdude: Um he is highly rated.
thestringdude: Its just he has been playing too much kerbal space program...
ThickAsThieves: i didnt argue that
thestringdude: Its as addictive as btc
ThickAsThieves: btc is more adictive than any game i ever got stuck on, so i'm not even gonna google kerbal
ThickAsThieves: hehe
unbalanced: jurov's wd fee is 0.1 BTC, no? Not the end of the world as I agree it's not a wallet, not meant for penny (er, satoshi) pinching arb trades.
unbalanced: Addictive as hell, agreed
jurov: yes 0.1
unbalanced: Do you have minimum account sizes? I guess not since a user can 0 the account to put it on hold.
jurov: only on beginning you have to deposit 1 BTC, after that you can have anything you like there
assbot: [HAVELOCK] [VTX] 1 @ 0.397 BTC [+]
ThickAsThieves: what happens if there is no btc when fees are levied?
ThickAsThieves: negative balance?
jurov: but if you keep negative balance too long (due to monthly fee) then we'll have to resolve it somehow
assbot: [BTCTC] [S.DICE-PT] 5 @ 0.00386 = 0.0193 BTC [+]
ThickAsThieves: cool
thestringdude: Lol is that a reference to me :(
thestringdude: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.0027 / 0.00320359 / 0.00373333 (72712 shares, 232.94 BTC), 7D: 0.0027 / 0.00293113 / 0.00373333 (283173 shares, 830.02 BTC), 30D: 0.0027 / 0.00348895 / 0.00599987 (1833964 shares, 6,398.61 BTC)
thestringdude: !ticker h him
assbot: [HAVELOCK:HIM] 1D: 1.20000000 / 1.3574 / 1.65000000 (50 shares, 67.87000000 BTC), 7D: 0.75000001 / 1.46488035 / 1.93000000 (285 shares, 417.49090011 BTC), 30D: 0.75000001 / 1.73321281 / 2.08000000 (812 shares, 1407.36880041 BTC)
thestringdude: ;;bc,24hprc
gribble: 81.91
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01019 BTC [+]
assbot: [MPEX] [S.MPOE] 5200 @ 0.00069424 = 3.61 BTC [-]
ThickAsThieves: question about mpex listings on website
ThickAsThieves: by the options, there are cells
ThickAsThieves: the first ones show current asks/bids
ThickAsThieves: the next colum shows las price
lippoper1: .01 sales flooding the orderbook, lagging and bringing the price down ;-)
ThickAsThieves: 3rd column is?
pizzaman1337: ThickAsThieves: it says at the top...
ThickAsThieves: right
ThickAsThieves: but is it weighted
ThickAsThieves: or just a strict top and bottom
ThickAsThieves: i'm trying to see if there's any way
ThickAsThieves: to calculate profit of bonds
ThickAsThieves: but i'm thinking no
ThickAsThieves: likem looking at O.USD.P200T
ThickAsThieves: it shows 1.45892277 as the max
ThickAsThieves: then qty 9`375
ThickAsThieves: beside it
ThickAsThieves: is that 13677.40096875 btc spent?
ThickAsThieves: or just no way to know
ThickAsThieves: those puts either lost or made a bunch of btc
assbot: [HAVELOCK] [VTX] 3 @ 0.39 = 1.17 BTC [-]
jurov: ThickAsThieves, you don't know the price what these 9`375 were bought or sold for
ThickAsThieves: thx
jurov: and exercises aren't shown publicly at all.. so no guessing possible
ThickAsThieves: indeed
assbot: [HAVELOCK] [VTX] 8 @ 0.38 = 3.04 BTC [-]
lippoper1: ;;goxlag
pgp: gox hosed again?
lippoper1: I think so
lippoper1: Stuck at stalemate $76.75
pgp: can't get to gox website...
lippoper1: but isee no reason for it not to drop further into 70's
lippoper1: great
pgp: lower
lippoper1: stupid .01 btc floods
pgp: bot
lippoper1: yeah, multiple
lippoper1: they are really hammering their system
gribble: Error: Problem retrieving gox lag. Try again later.
lippoper1: I don't know why Gox doesn't implement a minimum requirement for API trading
pgp: agreed...
pgp: and free trading for two days creates more problems for them
lippoper1: back and to 73.6
lippoper1: ;;goxlag
pgp: woosh
jcpham: ;;ticker --avg
assbot: [MPEX] [S.MPOE] 3800 @ 0.00069424 = 2.6381 BTC [-]
gribble: MtGox lag is 7.893106 seconds. During this time, light travels 0.0158176960484 AU. You could have sent a bitcoin one full loop along the orbit of the Moon around Earth (0.016 AU).
gribble: Error: Failure to retrieve ticker. Try again later.
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 73.59439, Best ask: 74.00000, Bid-ask spread: 0.40561, Last trade: 74.00000, 24 hour volume: 361168.20410729, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.71417
thestringdude: ;;bc,24hprc
gribble: 81.80
jcpham: ;;bc,stats
gribble: Current Blocks: 231000 | Current Difficulty: 7672999.920164138 | Next Difficulty At Block: 231839 | Next Difficulty In: 839 blocks | Next Difficulty In About: 4 days, 21 hours, 45 minutes, and 15 seconds | Next Difficulty Estimate: 9121259.39971 | Estimated Percent Change: 18.87475
jcpham: price has to follow that difficulty of bitcoin is doomed
mircea_popescu: lol
thestringdude: To 10 million
thestringdude: Those june futures is looking pretty sweet
ThickAsThieves: sounds like friedcat is gearing up some hashes
ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg1816098#msg1816098
pgp: so hard to read the tape right now..
unbalanced: What's the Intrinsic Value calc on an mpex put? (strike - vwap) / 1 ?
jurov: yes. just strike - vwap .
mircea_popescu: in dollars yea
unbalanced: Gotcha, makes sense. So exercise is almost always better than selling to the bot.
mircea_popescu: up until recejntly selling to the bot was always better
mircea_popescu: but it's gone crazy with the volatility.
unbalanced: Right I'd heard that one was better but couldn't remember which, so I was confused.
mircea_popescu: i guess in spite of everything i'm goping to have to make changes to it.
unbalanced: So option holders, remember to check both prices (sell and exercise) before you do one or the other out of habit!
MJR_: what has the best charts?
lippoper1: crashed again
lippoper1: ;;goxlag
gribble: MtGox lag is 1.470043 seconds. During this time, light travels 0.00294594971258 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
pgp: more unpleasantness on the way
unbalanced: unpleasantness as in gox downtime, or price drops?
ThickAsThieves: one in the same no?
unbalanced: heh
pgp: both
assbot: [BTCTC] [S.BBET-PT] 1 @ 0.0021 BTC [+]
lippoper1: yay back
lippoper1: at 70
lippoper1: got filled when it dipped to 69, I'm sure it'll go lower though
lippoper1: stupid lag
unbalanced: I think I may take up Ultimate Fighting after all this is through, as I'll miss getting punched in the face by the market
lippoper1: looks like new temporary floor at 68
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 71.04147, Best ask: 71.50000, Bid-ask spread: 0.45853, Last trade: 71.50000, 24 hour volume: 369368.13969566, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.45432
thestringdude: ;;asks 85
gribble: There are currently 10128.579 bitcoins offered at or under 85.0 USD, worth 805040.60529 USD in total. | Data vintage: 82.4081 seconds
lippoper1: we're going back up lol
pgp: ;;bids 50
gribble: There are currently 48379.75 bitcoins demanded at or over 50.0 USD, worth 2803769.86843 USD in total. | Data vintage: 101.1060 seconds
lippoper1: ;;bids 71
gribble: There are currently 32.186782 bitcoins demanded at or over 71.0 USD, worth 2285.51774436 USD in total. | Data vintage: 106.1531 seconds
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 69.02000, Best ask: 71.45000, Bid-ask spread: 2.43000, Last trade: 69.02000, 24 hour volume: 369389.32445743, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.45363
lippoper1: ;;asks 77
gribble: There are currently 2876.6926 bitcoins offered at or under 77.0 USD, worth 218426.498028 USD in total. | Data vintage: 117.2500 seconds
thestringdude: Nope down for a second
thestringdude: Get ready to buy tho lol
lippoper1: getting warmed up
lippoper1: to sell actually lol
assbot: [HAVELOCK] [SDICE] 2 @ 0.35 = 0.7 BTC [-]
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 69.87000, Best ask: 69.99998, Bid-ask spread: 0.12998, Last trade: 69.99998, 24 hour volume: 370043.08884897, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.42992
thestringdude: ;;bc,24hprc
gribble: 81.66
thestringdude: !ticker m ^OIX
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 123.90251552 / 218.88143499 / 226.22012381 (14550 shares, 2,478.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 75.00000, Best ask: 75.40000, Bid-ask spread: 0.40000, Last trade: 75.40000, 24 hour volume: 372625.87035167, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.34320
pgp: you know - i really think that this "no trading fees" thing at gox is actually creating even more problems...
pgp: now it cost nothing to colude with others to create wash sales
pgp: painting the tape is what we call it...
MJR_: wait gox has no fees right now?
pgp: for next day and a half
mircea_popescu: pgp that is an issue.
pgp: no barrier to manipulation now...
thestringdude: ;;ticker
gribble: BTCUSD ticker | Best bid: 73.35630, Best ask: 74.59264, Bid-ask spread: 1.23634, Last trade: 73.35630, 24 hour volume: 374649.74877586, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.29169
mircea_popescu: moreover
thestringdude: No manipulation is still there
mircea_popescu: they're trying to create the imprerssion volume is still there.
MJR_: no BARRIER to manipulation
ThickAsThieves: nasically no matter what level the price reaches, itll be worked back and forth by a $10 spread
pgp: mp: i think you're right
ThickAsThieves: itll take aggressive action to push it in any direction
pgp: makes real price discovery that much harder
assbot: [HAVELOCK] [VTX] 4 @ 0.36 = 1.44 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.3501 BTC [-]
pgp: also with no fees, market making bots can just flood the system with orders, making things worse...
splnkr: hmmm..all this spasmodic behavior by gox is kind of a testament to the folly of meddling with money markets, which is what i thought bitcoin was designed to discourage
pgp: gox... fucking retards...
ThickAsThieves: at this point we can only call them dumb for so many offenses, it has crossed into intentional
splnkr: what we need is a decentralized set of regional exchanges that are all "glued" together in terms of fund transfer, with standardized API's, etc, so arbitrage can be performed and people can use them
ThickAsThieves: these arent mistakes they are making
ThickAsThieves: no one makes that many
pgp: splnkr: yes... I am a big advocate of such a thing...
pgp: unfortunately such a system is only as strong as it's weakest link...
pgp: its
splnkr: cool pgp just to be clear when i said 'people can use them' i meant people can go from one to the other and not have a whole new learning curve again for the basic deposit/withdrawal processes
splnkr: i.e., Dwolla
splnkr: lol
pgp: i hear you...
pgp: the whole thing is soooo fragmented right now...
ThickAsThieves: wall st about to pop too maybe
pgp: not so long as FED keeps buying assets...
pgp: fiat asset bubble is just starting
pgp: again...
assbot: [MPEX] [S.MPOE] 13124 @ 0.00069963 = 9.1819 BTC [+]
assbot: [MPEX] [S.MPOE] 7976 @ 0.00070057 = 5.5877 BTC [+]
KRS1: volatility huh
damientrog: man, what a day
pgp: gold getting SMACKED today...
bitesak: ;;ticker
gribble: BTCUSD ticker | Best bid: 73.80000, Best ask: 73.80001, Bid-ask spread: 0.00001, Last trade: 73.80001, 24 hour volume: 376604.16676873, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.23934
damientrog: some must made a ton of money out of this histeria
KRS1: fo sho
Diablo-D3: http://tapastic.com/episode/3686
pgp: gox market is behaving very strangely... definately something unusual/artificial... Call me crazy, but just not passing the smell test for me right now...
damientrog: already 2 bastards that didn't pay their transactions on bitcoin.de
mircea_popescu: pgp and oil and silver
pgp: indeed
damientrog: it's like a buying frenzy for inflated currency
pgp: <damientrog> what do you mean?
damientrog: well why sell your gold, bitcoin, silver?
damientrog: for dollars are euros that you know are being inflated heavily
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 73.95835, Best ask: 73.98000, Bid-ask spread: 0.02165, Last trade: 73.95835, 24 hour volume: 378171.43939828, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.20200
assbot: [MPEX] [S.MPOE] 5674 @ 0.00070057 = 3.975 BTC [+]
assbot: [MPEX] [S.MPOE] 4604 @ 0.00070081 = 3.2265 BTC [+]
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 1 week, 0 days, 23 hours, 57 minutes, and 36 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
thestringpuller: ;;seen jurov
gribble: jurov was last seen in #bitcoin-assets 40 minutes and 7 seconds ago: <jurov> yes. just strike - vwap .
Chilca: Good morning mircea_popescu
mircea_popescu: hey Chilca
ThickAsThieves: HFT bots taking over?
pgp: i think so...
ThickAsThieves: ugh we need the fees back
ThickAsThieves: and order fees
damientrog: any idea what's going on bitcoin-24.com?
pgp: my feeling is that it's getting ready to break to the downside, though...
ThickAsThieves: mo, would you mind click the Buy $1m button a couple times?
pgp: activity for last 1/2 hour just seems... odd...
ThickAsThieves: clicking*
ThickAsThieves: mp*
ThickAsThieves: i think humans are waiting for a shift before taking action
ThickAsThieves: but bots are making too much money from the people who arent
thestringpuller: ;;bc,24hprc
gribble: 81.53
ThickAsThieves: we need whales to take action
KRS1: ;;bids 32
gribble: There are currently 113783.17 bitcoins demanded at or over 32.0 USD, worth 5511237.11861 USD in total. | Data vintage: 0.0049 seconds
KRS1: ;;bids 50
gribble: There are currently 52162.042 bitcoins demanded at or over 50.0 USD, worth 3057415.9691 USD in total. | Data vintage: 6.3262 seconds
pgp: they have to turn the fees back on! this is totally artificial
KRS1: ;;bids 57
gribble: There are currently 30163.221 bitcoins demanded at or over 57.0 USD, worth 1904811.61423 USD in total. | Data vintage: 21.5855 seconds
KRS1: thanks gribble
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 71.50000, Best ask: 71.89000, Bid-ask spread: 0.39000, Last trade: 71.50000, 24 hour volume: 382755.81915148, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 83.07081
thestringpuller: ;;market buy 200
gribble: A market order to buy 200 bitcoins right now would take 14406.8631 USD and would take the last price up to 72.4000 USD, resulting in an average price of 72.0343 USD/BTC. | Data vintage: 45.5410 seconds
jborkl: ;;tslb
gribble: Time since last block: 25 minutes and 57 seconds
thestringpuller: ;;market buy 1000
gribble: A market order to buy 1000 bitcoins right now would take 72536.2371 USD and would take the last price up to 72.8415 USD, resulting in an average price of 72.5362 USD/BTC. | Data vintage: 53.2205 seconds
thestringpuller: ;;nethash
gribble: 66244.078428
Scrat: inb4 gox PR boasting about their new record volume
KRS1: what mp does this all point to ya think
MJR_: see...this is typical gox
mircea_popescu: ya they've accomplished it
KRS1: maybe we're done for today
MJR_: do the exact opposite of what would make sense
MJR_: too many orders? incentivize more
taub: the btce volime died off quickly after gox was back :/
KRS1: yeah, weird that it works out that way
MJR_: its super simple, you need to filter
MJR_: based on whatever metric you care to use
pgp: ride isn't over yet...
KRS1: folks trade at gox and stop trading at btce
taub: of course
taub: 0% fee is nice but eh
taub: who knows when they shut it down again for "cooldown"
Scrat: 0 fees is a dick move
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7545 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7547 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7548 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.755 = 2.265 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.759 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7599 BTC [+]
pgp: 0 fees is just plain dumb...
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.76 = 1.52 BTC [+]
pgp: just drop it .2% or something - making it free just makes things worse
taub: why?
taub: love it
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.76 = 7.6 BTC [+]
mircea_popescu: pgp they have absoluterly no idea what any of the buttons do,.
assbot: [MPEX] [S.MPOE] 3673 @ 0.00070739 = 2.5982 BTC [+]
assbot: [MPEX] [S.MPOE] 1800 @ 0.0007091 = 1.2764 BTC [+]
assbot: [MPEX] [S.MPOE] 2500 @ 0.00071208 = 1.7802 BTC [+]
mircea_popescu: buncha kids from the retarded kindergarten got into a boeing, are having fun
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.76 = 2.28 BTC [+]
pgp: logjam now unjammed...
Tritonio: anyone here has got BITBOND bonds?
pigeons: Tritonio: i think Namworld holds a bit and amazingrando owes him a bit
mircea_popescu: ya im pretty sure namworld had a good chunk
Tritonio: well i theory that was a loan, not BITBOND bonds. I was actually looking for some of the people that actually had BITBOND. The ones that are supposed to be contacted by amazingrando to discuss about BITBOND-ASIC. I was going to ask if they ever got contacted by him about that.
ThickAsThieves: ugh, this is gonna get worse
ThickAsThieves: we're back on downtrend
ThickAsThieves: no one wants to buy into asks
ThickAsThieves: so down we go
taub: pop pop
taub: it had a chance to bounce from 70 to 99, but didnt happen :)
ThickAsThieves: yep
ThickAsThieves: no to 60
ThickAsThieves: now*
mircea_popescu: https://bitcointalk.org/index.php?topic=174549.msg1816764#msg1816764 this was 6 hours ago.
mircea_popescu: 6 hours later ? mtgox volume + 100k on usd alone
mircea_popescu: and all other exchanges slightly under what they were.
mircea_popescu: bitcoin ppl are totally retarded wtf.
ThickAsThieves: now watch these bid walls dodge the knife
pgp: right...
pgp: looks like i'm eating lunch at my desk...
Guest42002: mircea_popescu: why is the bot not quoting?
taub: http://images.4chan.org/g/src/1365782921314.jpg mtgox headquarters
ThickAsThieves: check it out! Gox needs to turn fees back on
ThickAsThieves: oops
ThickAsThieves: wrong paste
ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg1819469#msg1819469
mircea_popescu: Guest42002 probably charts failed to reply to it
ThickAsThieves: there ya go
Guest42002: bitcoin-charts ?
Guest42002: $avg
mpexbot: Guest42002: 81.53
Guest42002: that's up so what's going on?
Guest42002: :(
ThickAsThieves: 300MHs usb miner!
ThickAsThieves: how fucking cool
mircea_popescu: Guest42002 i have no idea.
Guest42002: but you run the bot
mircea_popescu: but you have to understand how the web works.
mircea_popescu: the fact that a site answers to you doens't mean it answers everyone else.
mircea_popescu: the facvt that it doesn't answer to you still doesn't mean it's not answering to everyone else.
Guest42002: yes, but the bot is always up usually, he's been down a lot more :(
mircea_popescu: the web is the web.
mircea_popescu: well, most of bitcoin infrastructure was always up usually
mircea_popescu: except when stuff is happening.
ThickAsThieves: asicminer developed a 300MHs sub powered mining gizmo
pizzaman1337: and when stuff is happening is when people want to trade
ThickAsThieves: they are gonna sell like mad
ThickAsThieves: usb-powered
Guest42002: ;;ticker
assbot: [MPEX] [S.MPOE] 17015 @ 0.0007195 = 12.2423 BTC [+]
gribble: BTCUSD ticker | Best bid: 67.80000, Best ask: 68.90000, Bid-ask spread: 1.10000, Last trade: 68.90000, 24 hour volume: 388885.47870841, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.85309
assbot: [MPEX] [S.MPOE] 15835 @ 0.00072 = 11.4012 BTC [+]
Diablo-D3: http://thenextweb.com/insider/2013/04/12/it-made-sense-yesterday-the-libertarian-party-is-accepting-donations-in-bitcoin/
Guest42002: mircea_popescu: so why aren't you troubleshooting?
mircea_popescu: what'd i do ?
ThickAsThieves: http://i.imgur.com/pzAootC.jpg?1
mircea_popescu: bitcoinchaerts just gave me a 504
ThickAsThieves: i'm not sure friedcat can ever be doubted again after this, now i'm a fanboi
Guest42002: lol oh mircea_popescu in the fact it says a couple of hours at most?
Guest42002: faq*
Guest42002: wow
mircea_popescu: ThickAsThieves it does read pretty nice.
mircea_popescu: Guest42002 "Last revision : February the 6th, 2013."
mircea_popescu: i guess it will have to be revised. som,ethiong like
ThickAsThieves: its like the perfect solution to 51% concerns too
mircea_popescu: "Bitcoin mostly consists of retards, MtGox is a piece of shit, nothing useful can be made in this space and if you try people will ask you why is everyone else retarded"
ThickAsThieves: every bitcoiner should own at least one usb miner
error4733: ThickAs... TAKE MY BITCOOOOOOOOOOOOOOIN
Guest42002: ThickAsThieves: but are they going to be sold onthe market?
ThickAsThieves: ^^^
ThickAsThieves: of course
Guest42002: mircea_popescu: so you havve lost faith in bitcoin because no one listens to you?
ThickAsThieves: tahts the point
ThickAsThieves: friedcat doesnt need to deal with a bunch of usb hubs
mircea_popescu: Guest42002 no dude. i am just trying to illustrate to you kinda how pointless your approach is.
ThickAsThieves: he has racks on racks on racks
mircea_popescu: mtgox just fucked bitcoin.
mircea_popescu: charts doesn't work.
mircea_popescu: you're asking me why the bot doesn't quote.
Guest42002: no we fucked bitcoin
mircea_popescu: BECAUSE CHARTS DONT WORK. thart's why.
KRS1: what about order books
Guest42002: you warned us to stop buying at 130
mircea_popescu: that's really besides the point.
ThickAsThieves: no, he said it's not WORTH 130
mircea_popescu: it's not the price that's the issue.
mircea_popescu: it's the fact those fuckwits can't keep trading orderly.
KRS1: i see orders and sells at given prices are those the same as the charts..i feel stupid for asking this
mircea_popescu: and for the record i've not lost faith in bitcoin or anything.
mircea_popescu: just, sitting there and hitting f5 on the mpex page is scarcely a good use of tyour time.
mircea_popescu: if it catches a feed it quotes (it has multiple times today)
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01019 BTC [+]
mircea_popescu: if you actually want to buy/sell, wait for one of those and do so.
mircea_popescu: there definitely are going to be gaps.
mircea_popescu: today, yesterday, for as long as market stays disorderly
Guest42002: that wasn't what I was pointing out but I guess you're right in that sense, what was the url for stat json feed?
Ali__: Hi Mircea
ThickAsThieves: if we dont touch 75 soon, its gonna get worse
mircea_popescu: which pretty much means for as long as gox exists, going forward
mircea_popescu: hi Ali__
Ali__: cheers for the channel link
Guest42002: mircea_popescu: thanks for you help and being available
mircea_popescu: Guest42002 i
mircea_popescu: 'd love to get you the url but can't load the site to do so.
Guest42002: oh noes? are you under attack?
mircea_popescu: what is with this guy
ThickAsThieves: why dont we ban people in this channel again?
mircea_popescu: no dood, i'm not under any attack. site doesn't load 0.o
mircea_popescu: ThickAsThieves cause we're perverse.
ThickAsThieves: mmm masochism
mircea_popescu: actually now it's back
mircea_popescu: http://bitcoincharts.com/t/weighted_prices.json
Guest42002: sweet thank mircea_popescu I"m sorry for being a poop
mircea_popescu: also : mpexbot caches the avg.
jborkl: mpex.co is loading fine,if thats what he is bitching about
Guest42002: i was asking for mpex stat there is a public url for json feed from mpex yes?
ThickAsThieves: forgiven, only because i love the word poop
ThickAsThieves: poop poop poop
mircea_popescu: o that.
mircea_popescu: it's in the faq tyou know.
mircea_popescu: i thought you wanted the btccharts json
mircea_popescu: jborkl i've had issues with the bot not quoting these past days because it couldn't get the price feed and other data.
mircea_popescu: tho i've just looked and it's quoting nao.
mircea_popescu: or was. heh i guess we've been chatting for ten minutes here.
Guest42002: yay he's back
mircea_popescu: you two got a real thing going huh.
mircea_popescu: so were you looking to buy something or just get heartbroken whenever bot's away ?
jborkl: mtgox down
joecool: ;;goxlag
Guest42002: nope sell
jborkl: there is no lag, it is down again
mircea_popescu: alrighty so there's your chance.
mircea_popescu: jborkl this success...
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7599 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.76 BTC [+]
gribble: Error: Problem retrieving gox lag. Try again later.
jborkl: no fee trades, could not have ended bad.. when they were already overloaded with volume
Guest42002: for fucking realz?
jborkl: and btce down
Guest42002: dude what's the point
Guest42002: we can't even trade
ThickAsThieves: no point
ThickAsThieves: other than fair warning price is about to drop again
jborkl: might as well die and give up....
mircea_popescu: lol
mircea_popescu: bitcoin needs less investment of capital, moar brainz
jborkl: or maybe more troll boxes on trading sites...
jborkl: lol
jcpham: more troll boxes
pipeline: hey guys this is just a helpful note
jborkl: I cant even use btce , the troll box pisses me off too bad
pipeline: for the full mtgox experience
pipeline: make sure that you have java installed
pipeline: with the plugin turned on
pipeline: after all, you can't really be a btc trader until you've had your wallet stolen by spearfishers at least once
jborkl: full MtGox exp? I think fuck up , bend over , no lube
mircea_popescu: the full experience of success victimization ?
guruvan: jborkl: https://btc-e.com/disableChat
jborkl: oh, nice
jborkl: thanks
guruvan: np
mircea_popescu: now that's a good idea.
guruvan: Anything to get more volume in and keep it off gox
Guest42002: bitcoin needs moar infratstructure
Guest42002: mircea_popescu: bitcoin already has brainz no one listens to them
joecool: gox just rebooted
joecool: ;;goxlag
gribble: MtGox lag is 1.647474 seconds. During this time, light travels 0.00330151944996 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
Doffx: Bitcoin needs WAY more merchant, WAY more goods for sale.
mircea_popescu: Doffx brainz first.
mircea_popescu: otherwise the merchants will get fucked, not want to try it again
taub: cute, gox keeps goxing
mircea_popescu: 502 Bad Gateway
joecool: most merchants with brains that i've spoken to take BTC way over market due to risk (usually caused by gox)
mircea_popescu: anyone else ?
jborkl: I am on and logged in
joecool: i'm wondering how bad the btcpay accepting merchants got burned in the past day
Doffx: We need a decentralized exchange to give us better price discovery for BTC
taub: its working right now but had an outage of 10 mins ...
Guest42002: ;;bc,24hprc
gribble: 80.94
Doffx: And I need to be smarter and better at programming so I could just make my own, dammit.
assbot: [MPEX] [S.MPOE] 9165 @ 0.00072 = 6.5988 BTC [+]
assbot: [MPEX] [S.MPOE] 4000 @ 0.00072363 = 2.8945 BTC [+]
assbot: [MPEX] [S.MPOE] 1735 @ 0.00073 = 1.2666 BTC [+]
taub: not worth all that legal trouble...
mircea_popescu: Doffx a concerted effort to push local bitcoins would be great i guess.
mircea_popescu: or some other decentralised solution like that.
mircea_popescu: starting an exchange is nonsense imo. just trade.
Doffx: There would be no legal taub if it was not controlled by anyone
taub: how would that work
ThickAsThieves: does ripple fill this need?
MJR_: open outcry market?
MJR_: anyone?
ThickAsThieves: of decentralized trading?
mircea_popescu: MJR_ i was explaining a month or two ago how to get a fixing market for btc.
mircea_popescu: sadly we're not quite there yet.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7609 BTC [+]
Doffx: Hell if I knew how it would work id be building it.
Doffx: I just know we need some virtual way to discover price that cannot be halted by a DOS attack or maintenance
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7609 BTC [+]
pgp: breaking out now.... let's see what happens!
ThickAsThieves: wow
ThickAsThieves: it actually broke 75
jcpham: kaminsky says he can't hack bitcoin on businessinsider
taub: doesnt mean anything....
ThickAsThieves: 82 is real test
Doffx: Tell it to go back to like 140 I want to go buy silver
ThickAsThieves: Doffx, you might wanna come back in a month or two then
Doffx: Anyhow, off to move a hotel Payment system to a new server, lets hope all my planning paid off.
mircea_popescu: lol silver got usagi'd ?
Doffx: Ill be here ThickAsThieves
jborkl: lol, he could fuck up a wet dream
pgp: well now: http://data.cnbc.com/quotes/MTGOXUSD
ThickAsThieves: heh
ThickAsThieves: Gox IPO next?
ThickAsThieves: hehe
mircea_popescu: Volume 0
mircea_popescu: seems legit.
mircea_popescu: in other news, bitbet over 6k btc bet
taub: http://images.4chan.org/pol/src/1365784521387.jpg someone shop clark moody into this
mircea_popescu: lol korea fag has a phone and a video game
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.7609 = 1.5218 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7609 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 15 @ 0.761 = 11.415 BTC [+]
joecool: taub: why shop him, he probably took the picture
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7608 BTC [-]
ThickAsThieves: http://db.tt/vQj330VP
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7605 BTC [-]
pgp: that is great...
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7605 BTC [-]
pgp: the chart just can't catch a break here...
taub: beat me to it ThickAsThieves
taub: https://dl.dropboxusercontent.com/u/6911896/1365784521387s.jpg
jcpham: http://data.cnbc.com/quotes/MTGOXUSD
jborkl: mtgox is delaying bitcoin depoits past 6 confirms
error4733: dont event thinks to share this pictures :) in b4 backfire from US gov :)
ThickAsThieves: here I fixed it
ThickAsThieves: http://db.tt/vQj330VP
taub: lol
taub: saved
assbot: [HAVELOCK] [SDICE] 3 @ 0.347 = 1.041 BTC [-]
ZedsterX: ThickAsThieves; it was 77 btw
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7605 BTC [-]
pgp: lol
error4733: Jcpham !! wtf is that !! to sooooon to sooooon
thestring: ;;bc,24hprc
gribble: 80.81
guruvan: jcpham: um holy shit - that's pretty huge
ThickAsThieves: lol look at this bot action
ThickAsThieves: RIDICULOUS
deyyo_: how about this :P
deyyo_: http://i.imgur.com/W5tdYx5.png
taub: nice
taub: with the freflection n all
deyyo_: ye :>
taub: -g
assbot: [MPEX] [S.DICE] 1000 @ 0.00369999 = 3.7 BTC [-]
assbot: [MPEX] [S.DICE] 1500 @ 0.0037 = 5.55 BTC [+]
guruvan: wtf can't w/d btc from gox w/o verification?!
mircea_popescu: duh.
joecool: guruvan: stop bitching, they are having pizza parties
ThickAsThieves: there i used deyyo's http://db.tt/vQj330VP
joecool: down to verifying ~200/day
joecool: market crashes, have a pizza party
deyyo: hahahaha
error4733: need this with LAG on it for the picture : https://www.asi-ez.com/pix/Prod/MG-SIGNS_PVC.gif
lippoper1: @guruvan, seriously, can't even withdraw BTC?
taub: where is the mtgox pizza story from?
guruvan: no and it isn't much BTC
ZedsterX: http://db.tt/vQj330VP
guruvan: fuck me
ZedsterX: oops
assbot: [MPEX] [S.MPOE] 1000 @ 0.00073 = 0.73 BTC [+]
lippoper1: like less than double digits?
lippoper1: or close to triple digits
guruvan: yep
guruvan: 'like 8
lippoper1: ;;calc 8 * 70
gribble: 560
lippoper1: yeah, well under a thousand
lippoper1: lol
lippoper1: those fa#$%@
jborkl: Well, they are holding incoming Bticoins way past 6 transactions
guruvan: that does it.....acct closure
lippoper1: supposed to be 20 right?
lippoper1: 6 is for litecoins
jborkl: no 6
jborkl: always been 6
thestring: ;;goxlag
gribble: MtGox lag is 0.535276 seconds. During this time, light travels 0.00107268711075 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
lippoper1: ;;ticker
gribble: BTCUSD ticker | Best bid: 75.40000, Best ask: 75.52445, Bid-ask spread: 0.12445, Last trade: 75.52445, 24 hour volume: 407138.79371493, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.40787
thestring: ;;bids 70
gribble: There are currently 6761.0366 bitcoins demanded at or over 70.0 USD, worth 486098.893975 USD in total. | Data vintage: 0.0039 seconds
thestring: ;;market bus 1000
gribble: Error: The "Market" plugin is loaded, but there is no command named "bus" in it. Try "list Market" to see the commands in the "Market" plugin.
lippoper1: ;;asks 75
gribble: There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in total. | Data vintage: 11.7401 seconds
lippoper1: ;;bids 75
gribble: There are currently 324.92096 bitcoins demanded at or over 75.0 USD, worth 24420.8701994 USD in total. | Data vintage: 16.2594 seconds
thestring: ;;market buy 1000
gribble: A market order to buy 1000 bitcoins right now would take 76513.2796 USD and would take the last price up to 78.0000 USD, resulting in an average price of 76.5133 USD/BTC. | Data vintage: 20.2961 seconds
ThickAsThieves: lol http://memearchive.net/memerial.net/6435/kim-jong-un-emo.jpg
thestring: ;;bc,24hprc
gribble: 80.68
thestring: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 1 week, 1 day, 1 hour, 32 minutes, and 26 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
lippoper1: ;;market sell 1000
gribble: A market order to sell 1000 bitcoins right now would net 74661.2462 USD and would take the last price down to 73.8500 USD, resulting in an average price of 74.6612 USD/BTC. | Data vintage: 106.5025 seconds
assbot: [MPEX] [S.MPOE] 100 @ 0.00072159 = 0.0722 BTC [-]
ThickAsThieves: ;;market --sell 5000
jborkl: and Gox crashed again
ThickAsThieves: price got too high
lippoper1: yeah
gribble: A market order to sell 5000 bitcoins right now would net 362365.5204 USD and would take the last price down to 70.9000 USD, resulting in an average price of 72.4731 USD/BTC. | Data vintage: 142.5831 seconds
ThickAsThieves: needed a break
guruvan: fuck gox
lippoper1: when it comes back, my $80 bid will be filled, and the price will be back down lol
taub: why did you put in an 80 bid oO
ThickAsThieves: yeah
ThickAsThieves: wait for 63 at least
pgp: $avg
mpexbot: pgp: 80.66
lippoper1: lol
lippoper1: that's bottom ;-)
lippoper1: ;;goxlag
gribble: Error: Problem retrieving gox lag. Try again later.
guruvan: no gox
assbot: [HAVELOCK] [SDICE] 7 @ 0.345 = 2.415 BTC [-]
thestring: !ticker m ^OIX
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 123.90251552 / 218.88143499 / 226.22012381 (14550 shares, 2,478.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
guruvan: pathetic
thestring: ;;tslb
gribble: Time since last block: 35 seconds
thestring: Nice
thestring: ;;bids 70
thestring: No gox haha
taub: oh, bitcoin24 down D:
guruvan: more and more of a joke by the hour
gribble: There are currently 6761.0366 bitcoins demanded at or over 70.0 USD, worth 486098.893975 USD in total. | Data vintage: 325.1259 seconds
thestring: CampBx and bitstamp are up
thestring: ;;goxlag
gribble: Error: Problem retrieving gox lag. Try again later.
thestring: ;;ticker
gribble: Error: Failure to retrieve ticker. Try again later.
error4733: what about a webcam in MTgox office ? no more lag ?? profit ???
lippoper1: pump up value put in sell orders, DDoS, public panic sells, you put in buy orders, DDoS, rinse and repeat... This is getting old fast.
taub: I wasnt able to find a pattern between ddos and prices yet
thestringpuller: lippoper1: wait for it though, the media attention has settled I think a lot of people have exited
taub: you think it goes down when it happens?
thestringpuller: the ddos just lags everything to make big moves
thestringpuller: ;;goxlag
gribble: Error: Problem retrieving gox lag. Try again later.
lippoper1: it does
lippoper1: taub
pgp: gox down hard again?!?
gesell: yes
lippoper1: thestringpuller, I think media attention will boom with reports of how people lost their life savings investing in BTC, etc...
pgp: victims of their own success... lol... I'd like to victimize them...
thestringpuller: lippoper1: yea there wasn't much access to short selling or puts
thestringpuller: bitcoin-charts was knocked offline while gox was plummeting wednesday
thestringpuller: so mpoe-bot wasn't quoting
jborkl: gox back alive
thestringpuller: ;;goxlag
gribble: MtGox lag is 1.753297 seconds. During this time, light travels 0.00351358755711 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
lippoper1: see taub, the price didn't exactly drop this time, but you can see it flatlined there.
jborkl: When we send a bitcoin to Uranus , that is a problem
lippoper1: i think they DDoSed it too hard, when I see lots of .01 listings and then the DDoS comes, that's guaranteed price drop.
gesell: thestringpuller: if i remember bitcoincharts is sponsored by mtgox so they might host on similar lines
jborkl: btce now down
guruvan: nah - just flashes to cloudflare a little bit
gesell: I think the headline on reddit now should be "USD skyrockets in value!!"
thestringpuller: ;;bc,24hprc
gribble: 80.65
gesell: with a nice 3day graph
guruvan: Well. I will be thrilled to plug up gox's verification queue with a few more people who will then never trade at gox again.
thestringpuller: when will people ove money to other exchanges?
mircea_popescu: deposits flushed again.
lippoper1: when they get verified apparently
guruvan: 1 month
guruvan: yes
lippoper1: since you can't even withdraw a f$^&#$ btc
mircea_popescu: basically mtgox is keeping all funds hostage.
mircea_popescu: and totally pulling a bfl
lippoper1: i'm not transferring any btc in there anymore
mircea_popescu: ie, advertising so as to get more noobs deposited.
mircea_popescu: if this isn't a scam toppling over i don't know what is.
gesell: mircea_popescu: im not following
guruvan: I only moved a little in for the excitement yesterday, and WTF shouldnt' they tell me it's a fucking roach hotel for bitcoins BEFORE deposit
guruvan: as I deposit
mircea_popescu: gesell which part ?
guruvan: I have to agree mircea_popescu
gesell: what part appears to be a scam. did i miss something? people can move out btc?
mircea_popescu: no they can't.
guruvan: fractional reserve scam
gesell: so there is a hold on getting your btc out of the exhange?
gesell: really?
thestringpuller: they are claiming no fractional reserve though on reddit in the iama
thestringpuller: so it seems they are either lying thus scam
mircea_popescu: is it titled "i am a fractional reserve ask me anything" ?
guruvan: tried to w/d FIVE BTC and gotta verify
thestringpuller: or they are overwhelmed to the brink
thestringpuller: mircea_popescu: pretty much have you read it yet? it's sort of amusing
guruvan: w/e - I don't give a damn what someone claims - prove it
mircea_popescu: nope i've not./
taub: video game time i guess
taub: nothing moving
assbot: [MPEX] [S.MPOE] 2872 @ 0.00071888 = 2.0646 BTC [-]
assbot: [MPEX] [S.MPOE] 5822 @ 0.00070317 = 4.0939 BTC [-]
gesell: is there a link to this?
kakobrekla: wait - it works for verified and not for unverified?
deadweasel: $avg
mpexbot: deadweasel: 80.63
mircea_popescu: yeah they've locked btcwithdrawals for unverified accts.
joecool: just keep suggesting to him to get legal counsel, he will need it
lippoper1: 78-79 here we come
thestringpuller: mircea_popescu: is mpex's requests servers distributed?
thestringpuller: are*
mircea_popescu: yea
thestringpuller: it seems whenever you get ddos'ed the requests still get to mpex
thestringpuller: within milliseconds
mircea_popescu: im magical like that.
thestringpuller: i've read the article you reference, but if mtgox isn't migrating to that model with all the money they are making from their success, you are more than right...
mircea_popescu: so far what they've done is they've got a 128gbserver to run their shit in ram
mircea_popescu: as if theres a difference
mircea_popescu: i have raid 1+0 ssd's, they're probably faster than their ram
joecool: mircea_popescu: they need bigger/faster machines to crash harder/faster
mircea_popescu: it's ridiculous tho, this is not 1995.
gesell: mircea_popescu: poland shutdown bitcoin-24... was that you?? :P
lippoper1: I don't know I heard they're using DDR 800Mhz ram
mircea_popescu: more memory is a moot point per se.
mircea_popescu: gesell eh ?!
lippoper1: That's like top of the line for their Pentium II
deadweasel: architecture is fucked. there is no architecture.
thestringpuller: this is absurd 100 trades get in executed then it stops accepting requests
thestringpuller: or the requests are getting blocked
joecool: blocked is likely
mircea_popescu: basically from what can be seen from the outside they take each order and do a mysql select against the entire book
mircea_popescu: with some badly chosen transforms
gesell: thestringpuller: its actually just a timeout due to DoS
lippoper1: lol
mircea_popescu: i could see why in this architecture they couldn'
mircea_popescu: t handle > 1 trade/second
thestringpuller: so it's like tcp dropping packets :(
lippoper1: hamsters
lippoper1: are taking a nap
lippoper1: and getting water
lippoper1: they'll be back spinning the wheels soon
gesell: mircea_popescu: in addition with each trade they probably had to recalculate your fee bracket which meant querying the db to see previous trades. nuts
mircea_popescu: 0.0
mircea_popescu: they desperately need to hire somebody who knows wtf trading is and obey them.
mircea_popescu: unfortunate for them that the 3-4 people who fit the bill and are in btc can't stand them
joecool: ^^^^^^^^^
joecool: this
joecool: doesn't help though, hate them or not, they cause the single most damage to bitcoin
mircea_popescu: they have.
mircea_popescu: so far they're the #1 black eye.
gesell: can someone tell me, is it common in markets that i can place multiple orders despite not having the total sum required for all of them. such as i $5000 and i place two orders for 100btc at $50. obviously i dont have $50x200.
lippoper1: ;;goxlag
gribble: MtGox lag is 1.260122 seconds. During this time, light travels 0.00252527037897 AU. You could have sent a bitcoin from Earth to Moon (0.00257 AU).
pipeline: gesell: yes that is the norm in stock markets
joecool: the amusing thing is, when i came into bitcoin, it was the same story, they fucked up big and crashed the market
joecool: yet they are still here
gesell: okay. ic. pipeline is there a logic for it or just how it is?
joecool: to fuck it up continually
pipeline: gesell: a lot of your orders will never be executed, so why would they limit you?
lippoper1: yeah
lippoper1: worse thing is your order doesn't get filled.
gesell: i dont understand... i would think that one would have to remove one order maxing their fiat before making another one
lippoper1: not unless an order takes it all up first
mircea_popescu: gesell most websites (etrade etc) will allow you to place any set of orders you wish.
mircea_popescu: no exchange will tolerate this. any order placed is firm and executed.
lippoper1: see on btc-e, once you place a bid or ask, they remove the balance from your account
lippoper1: Not on Gox
mircea_popescu: so basically... there's two things here. what are you discussing, the exchanges or the web selfserve brokers ?
lippoper1: the bots
lippoper1: The whales and the bots lol
lippoper1: ;;goxlag
gribble: MtGox lag is 0.92356 seconds. During this time, light travels 0.00185080389931 AU. You could have sent a bitcoin across the outer diameter of Saturn's rings (0.0024 AU).
lippoper1: ;;ticker
gribble: BTCUSD ticker | Best bid: 74.85000, Best ask: 75.00000, Bid-ask spread: 0.15000, Last trade: 74.85000, 24 hour volume: 410473.52836880, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.35474
gesell: yeah i guess my question relates more to whales building artificual walls. as these appear to be indicators for people
lippoper1: i don't get it, nothing is moving on gox
lippoper1: That explains why those "walls" disappear
lippoper1: IF they show up
lippoper1: without funds
gesell: yeah lag reports iidle
gesell: yeet no trades seemingly
lippoper1: yeah very weird
lippoper1: The more they say mtgox is manipulating the market, the more likely it seems, especially with this weirdness right now.
lippoper1: stalemate at 75?
gesell: i dont think so at all
lippoper1: ;;ticker
gribble: BTCUSD ticker | Best bid: 75.13000, Best ask: 75.89000, Bid-ask spread: 0.76000, Last trade: 75.13000, 24 hour volume: 413500.15314673, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.29544
lippoper1: ;;asks 75.89000
gribble: There are currently 0 bitcoins offered at or under 75.89 USD, worth 0.0 USD in total. | Data vintage: 0.0028 seconds
lippoper1: ;;bids 75
gribble: There are currently 407.97339 bitcoins demanded at or over 75.0 USD, worth 30636.2108184 USD in total. | Data vintage: 12.1662 seconds
lippoper1: ;;asks 75
gribble: There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in total. | Data vintage: 17.1069 seconds
lippoper1: ;;asks 74
gesell: gox has some scaling issues, and architecture issues, some policy issues. but i think they just can fix them all in time to handle the load
gribble: There are currently 0 bitcoins offered at or under 74.0 USD, worth 0.0 USD in total. | Data vintage: 21.4388 seconds
lippoper1: ;;asks 76
gribble: There are currently 503.44177 bitcoins offered at or under 76.0 USD, worth 38260.2899496 USD in total. | Data vintage: 28.7110 seconds
Skarr_: gesell: The Gox system accepts the orders, but puts them into a Pending state. I'm almost certain they don't appear on the books until they've switched to an Open state. That transition does a check to ensure you have the sufficient funds.
lippoper1: oh that must be new
gesell: Skarr_: yeah? thats something at least, if true. Will see if i can test this
pgp: skarr is right
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7604 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 8 @ 0.7605 = 6.084 BTC [+]
pgp: gox back - wtf!
mircea_popescu: Skarr_ this is how it used to be
assbot: [MPEX] [S.MPOE] 8833 @ 0.00070274 = 6.2073 BTC [-]
mircea_popescu: but they changed it a coupla days ago.
mircea_popescu: no more pending orders.
mircea_popescu: (it was a "great success" style pr communique, yes)
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 75.20515, Best ask: 75.30000, Bid-ask spread: 0.09485, Last trade: 75.40000, 24 hour volume: 413800.63298868, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.29060
pgp: I thought they were putting the code change in on apr 17th
lippoper1: I'm sure they threw a pizza party for that one too
thestringpuller: ;;bc,24hprc
pgp: and no more gox codes either...
gribble: 80.57
Skarr_: mircea: you're kidding! I could put a 100,000 BTC buy on the books without funds?
lippoper1: ordered some pizza with our btc
mircea_popescu: Skarr_ no no. you can't make the order at all if not funded.
pgp: wouldn't show up on book until funded
mircea_popescu: pgp i might be confused, but afaik it was announced as already done
lippoper1: bought some girl's pantyhose in a vending machine
joecool: <pgp> I thought they were putting the code change in on apr 17th <<
lippoper1: along with a live crab
lippoper1: crazy japan
joecool: mircea_popescu: i don't think they did it yet
taub: http://data.cnbc.com/quotes/MTGOXUSD :D
Skarr_: Ahhhhhhh. You're right. They knocked it outta the park communicating that one. Thanks for the heads up.
mircea_popescu: taub volume is still 0
Skarr_: I'll at least know to keep an eye on it now.
pgp: if they did - i'm sure lag would be a lot better
mircea_popescu: pgp no, they did i think
mircea_popescu: Skarr_ you got the link ?
Skarr_: mircea: which link?
mircea_popescu: of mtgox announcing
pgp: apr 17th https://mtgox.com/press_release_20130409.html
splnkr: that should take the edge off
pgp: yes
Skarr_: ahhh, ty
pgp: it'll make gox passble until more profession exchange platforms come online
pgp: passable
pgp: professional
pgp: what's the matter with me today - can't type or spell...
joeykrim: taub, hah nice cnbc link!
gesell: Okay ive tested how it handles multiple orders
Namworld: at least they never vanished with users funds
Namworld: even if they are slow... I think that's the reason tehy survive even if they can't make their exchange work right.
assbot: [BTCTC] [CRYPTO-TRADE] 1 @ 0.2 BTC [+]
pigeons: yes they even bailed out users of other exchanges like bitomat
pigeons: although they have pulled a mircea_popescu and rolled back before ;)
gesell: So if I place two orders for BTC that "nearly" max out my FIAt what it does is fulfills the first and aadjusts the second to be for only the amount of FIAT left. Interestingly this will show up in the orderbooks (API2) but not the web interface
thestringpuller: ;;bc,24hprc
gribble: 80.69
assbot: [MPEX] [S.MPOE] 19000 @ 0.00070279 = 13.353 BTC [+]
gesell: on the web UI it looks as though I have two orders both at near max of the FIAT
mircea_popescu: pigeons hater.
pigeons: ;>
Namworld: mircea, got my message?
Namworld: I left with gribble?
gesell: Also if interested... it takes 50 seconds for my order to show up in the http API based orderbooks (didnt check websockets). so if you are realying on the non-websocket API's for up to date information, DONT
gesell: also lets be honest, all the exchanges probably have shitty code
mircea_popescu: Namworld i'm aware the bot is in "we've been attacked by aliens" mode.
Namworld: eheh, no, I mean, the algorythm might need to be changed a bit
Namworld: so that asks prices for calls tend toward 1 for example without ever reaching it.
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 75.92000, Best ask: 75.99000, Bid-ask spread: 0.07000, Last trade: 75.99000, 24 hour volume: 415482.07084261, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.26400
pigeons: if mp is doing something that you think needs to be changed, its really intentional
thestringpuller: ;;bc,24hprc
gribble: 80.69
pigeons: </hater>
Namworld: For example, the calls struck at 41 USD/BTC will be in the money at... -1885.90 USD
Namworld: I'd love for someone to pay me that much for the privilege of offloading their BTC into my hands
mircea_popescu: Namworld it's not even negative.
mircea_popescu: it's above infinity.
mircea_popescu: whatever that means.
Namworld: technically it's: strike / (1 - ask)
Namworld: if ask is higher than one, it's strike divided by a negative number
Namworld: so a negative number
Namworld: Infinity would put value of call at 1
mircea_popescu: yeah well that formula only works for ask < 1
mircea_popescu: otherwise it's no longer equivalent
Namworld: Anyway
Namworld: Bot asks for mad high prices, it's funny
assbot: [MPEX] [S.DICE] 1615 @ 0.00348384 = 5.6264 BTC [-]
mircea_popescu: yeah
mircea_popescu: the sort of drop it's seen (260 -> 50) makes it think the world is ending really.
joecool: well
joecool: it's small when you consider $36 -> $2?
pgp: true
Namworld: yeah, well I noticed the more volatility there was, the higher the asks the bot asks for
Namworld: already
splnkr: 18x --> 5x hope next time isn't just a boring old 2x boo
mircea_popescu: meanwhile over at my blog
joecool: i thought $70 would be a good number for 2013, i did a large buy at $30 feeling that way
mircea_popescu: "i have spent 8 years in romania, and im shocked that this mind is coming from this country :)"
joecool: *shrugs*
mircea_popescu: joecool : the bot wasn't there then
thestringpuller: ;;bc,24hprc
gribble: 80.66
mircea_popescu: the bot was born august 2011ish,
mircea_popescu: and based on the past history it had an engine made. as i said yest, i think security and pricing got melded together in some edge cases
mircea_popescu: we're still working to mapping out this entire thing, it's not exactly a trivial task
pgp: i see bots implied volatility at 600-700 on ask prices of calls
jborkl: woot, sent dust spam to sd on less than 2000 and won
mircea_popescu: haha wd.
mircea_popescu: pgp his point is valid tho, should never be quoting above 1. rough edge there.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7689 BTC [+]
pgp: yes
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7695 BTC [+]
pgp: $avg
mpexbot: pgp: 80.66
assbot: [MPEX] [S.MPOE] 5850 @ 0.0007085 = 4.1447 BTC [+]
assbot: [MPEX] [S.MPOE] 167 @ 0.00070279 = 0.1174 BTC [-]
assbot: [MPEX] [S.MPOE] 6309 @ 0.00070071 = 4.4208 BTC [-]
Namworld: Well even when it was quoting under, breakeven went skyhigh near the lowest calls
mircea_popescu: that's somewhat to be expected.
Namworld: yeah. Could be improved upon tho so the effect is less and the low calls are actually good
Namworld: they never traded, almost
Namworld: albeit if they were priced correctly, they would be lowest gain but also lowest losses
Namworld: If people wanted less leverage
pgp: mp: so all puts mispriced right now?
thestringpuller: yea
thestringpuller: ^ Namworld
pgp: but the implied vol on the calls just doesn't seem worth it given where we are now...
lippoper1: Dare I say the market is becoming stable?
thestringpuller: lippoper1: sort of gox is lagging in taking orders
thestringpuller: so it's super intermittent trading
thestringpuller: other exchanges are reporting higher prices
mircea_popescu: pgp i wouldn't say mispriced necessarily.
mircea_popescu: they are just very expensive to my eyes. but it's what bot thinks.
joecool: well they were right, solved excessive lag by crashing frequently
pgp: all the ask prices are the same from C119T to C389T...
pgp: how does that make sense?
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.7696 BTC [+]
mircea_popescu: cause it won't sell a call for under x.
assbot: [BTCTC] [CRYPTO-TRADE] 1 @ 0.2 BTC [+]
mircea_popescu: bot has a "won't sell a call for under X" to protect the book from padding. this because of the open auction style of the bonds financing it. you understand what i mean ?
thestringpuller: mircea_popescu: what do you mean by padding?
mircea_popescu: i mean this : each call sold counts as 1 BTC in the needed capital.
mircea_popescu: if someone ahs a bond in at say 25% and there are 10k btc at lower % than him
mircea_popescu: he could theoretically buy 10k calls for 10 BTC total, so at 0,001 and then get 25 btc for his b ond
mircea_popescu: ie, padding the book.
pgp: i see
mircea_popescu: this is an artefact of how the bot is financed, not a mispricing per se,.
mircea_popescu: now, exactly how much he considers that cutorff to be... in many months it was 0.02 or 0.03 etc.
mircea_popescu: now it's 0.26 so based on the volatility we could say bot is hinting at interest rates over 50% per month.
pgp: aha - that makes sense...
mircea_popescu: well it also is motherfcucking insane on a stick.
mircea_popescu: but i am loath to change it because i have never done so yet.
pgp: nonetheless - your "cheapest" call from an impl vol perspective is C116T. avg would need to go to $139 in two weeks to breakeven - tough call...
mircea_popescu: well yeah
mircea_popescu: on the other hand... last week it went 100 to 260
mircea_popescu: what's a bot to do
pgp: lol
thestringpuller: the bot life didn't choose you
thestringpuller: you chose the bot ife
thestringpuller: life*
mircea_popescu: no but srsly. from this perspective i could see it wanting 200 for breakeven wtf.
pigeons: gypsy!
pgp: lmao
thestringpuller: tiberiusiv the greatest troll in the world
thestringpuller: !ticker m ^OIX
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 123.90251552 / 218.88143499 / 226.22012381 (14550 shares, 2,478.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
pigeons: i swear he's EskimoBob
thestringpuller: oh wow
joecool: i haven't seen that idiot in a minute
joecool: EskimoBob still around?
thestringpuller: lol
thestringpuller: tiberiusiv: what do you even contribute to
thestringpuller: mr.
pgp: except that in most asset classes, when bubbles burst, impl vol goes down, not up...
mircea_popescu: pgp i agree.
pgp: but then again that assume many market makers...
pgp: here we just have the bot
mircea_popescu: pgp i am not saying the bot is right here. i am just saying, it's not directly obvious to me how it is wrong and how much.
pgp: i know
mircea_popescu: we have two year's worth of market data here,
mircea_popescu: and junk data at that.
mircea_popescu: and junk market to begin with
mircea_popescu: we;ve done more collective shrugging this past week than the shrugging monks of livonia.
pgp: merely opining - i don't know what the right price should be...
pigeons: how is it an edge if no one buys them?
pgp: but wait...
pgp: yes big loss in BTC terms - but not in fiat terms
pigeons: how does losing money make him a scammer?
pgp: bondholder haircut was how much last month?
pgp: how much did BTC go up last month?
mircea_popescu: like 20%
thestringpuller: no 20%
mircea_popescu: 23 or so
thestringpuller: also
thestringpuller: if you cahsed out your shit in fiat
thestringpuller: there was no loss..
mircea_popescu: and btc went from high 20s to mid 90s in march fiscal
thestringpuller: IN BTC
mircea_popescu: and from mid 90s to 260ish on the spot in april, and then down
thestringpuller: if you paid less for the btc than what you got out
thestringpuller: then you win
thestringpuller: i don't see the issue
pgp: you have to consider fiat, because the bond investment is selling fiat options
thestringpuller: not at all?
thestringpuller: i lost more money on mt gox
thestringpuller: indirectly
thestringpuller: tiberiusiv: how about you shut up
thestringpuller: neither do you, you sit around and complain
pgp: fine - if BTC is you base curreny, you lost...
pgp: it's like SDICE...
ThickAsThieves: ;;nethash
gribble: 66887.959038
thestringpuller: tiberiusiv: don't speak unless you contribute something to economy other than being a troll
pgp: betting is inelastic to BTC price
mircea_popescu: to be perfectly fair : we have jackshit for data as to all these things.
mircea_popescu: how elastic betting is to btc price...
mircea_popescu: stuff like that.
pgp: big move up in USD/BTC, big move down in BTC denominated shares of SDICE...
pigeons: yeah its not really known how elastic betting is to btc price, and it isnt really knowable because the users and their behavior may change
mircea_popescu: except the move happened before.
mircea_popescu: if you look at it it doesn't correlate too well.
mircea_popescu: moreover, pretty much all financials got axed as people flew towards the exchange to play there.
mircea_popescu: yest btc was flowing back
mircea_popescu: in fact keiser+idiot friends created a situation much like pirate.
Namworld: Only the bonds thing would hurt, not the exchange
Namworld: Bot goes out when it runs out of funds
assbot: [MPEX] [S.DICE] 10 @ 0.00369999 = 0.037 BTC [+]
Namworld: So really, another loss reduce bondholders which reduce how many options the bot can make
thestringpuller: mircea_popescu: what do you mean about keiser?
pigeons: people might even agree with you some tiberiusiv if you lost the racism, the eskimobobism, the blind rage ignoring facts, etc
pgp: i am not advocating that call should be cheaper - mp has to do whatever he thinks is right - just making observations...
thestringpuller: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00296405 / 0.0033407 / 0.00373333 (62627 shares, 209.22 BTC), 7D: 0.0027 / 0.00292871 / 0.00373333 (277523 shares, 812.79 BTC), 30D: 0.0027 / 0.00348923 / 0.00599987 (1838086 shares, 6,413.51 BTC)
Namworld: the bot uses available BTC to make options
mircea_popescu: thestringpuller all this rarara bitcoin is going over 590685804589 stuiff
Namworld: yes... so that MIGHT, MAYBE kill the options thing
pigeons: so don't do business with him, i think you're a self-hating gypsy
Namworld: It doesn't kill the exchange nor the stocks
pigeons: no he doesnt want to admit he's a retard, but you look more retarded trying to get him to admit it
mircea_popescu: who's a retard ?
Namworld: I had puts... they never got rolled back. Huge profits for me...
assbot: [MPEX] [S.DICE] 1990 @ 0.00369999 = 7.363 BTC [+]
assbot: [MPEX] [S.DICE] 2500 @ 0.0037 = 9.25 BTC [+]
Namworld: not sure what Bugpowder's case is all about...
assbot: [MPEX] [S.DICE] 1000 @ 0.0037333 = 3.7333 BTC [+]
pigeons: no one is a retard, tiberiusiv just really really acts that way
assbot: [MPEX] [S.DICE] 2510 @ 0.00373331 = 9.3706 BTC [+]
mircea_popescu: Namworld well he had a buy rolled.
thestringpuller: tiberiusiv: you're speculating pretty hard
thestringpuller: do you have proof?
thestringpuller: I want to see proof
thestringpuller: tiberiusiv: PROOF or shut the fuck up.
thestringpuller: no proof of mircea_popescu malice
thestringpuller: you are making extraordinary claims yet, you have no proof of the intent to deceive in the situation
thestringpuller: or intent of malic
thestringpuller: malice
pgp: ?
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 80.10000, Best ask: 80.89900, Bid-ask spread: 0.79900, Last trade: 80.10000, 24 hour volume: 426494.87031080, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.14199
thestringpuller: so mircea_popescu should we not trust your 100,000 btc empire because tiberiusiv has said you are a scammer and claims to have proof of your malice?
Namworld: I had to sell 80 @ like 25 USD to buy a server for BitVPS. Not to start a business, just to buy some hardware...
Namworld: Stings when price rose to 250 weeks later
Namworld: I wish I could have sold then
mircea_popescu: thestringpuller we should not highlight me for nonsebnse cause io'm ion like 3 convos and it just wastes my time
thestringpuller: if kakobrekla wants to mute me, then fine, but it seems you are the one without skin in the game
thestringpuller: tiberiusiv: must be EskimoBob
thestringpuller: bugpowder made 900 btc last month on calls
thestringpuller: you are a fool tiberiusiv
thestringpuller: you are making no sense
Namworld: I think I won about 350 BTC on options in March/April. Lost 200 in January/February tho
Namworld: Trying to short too much
Namworld: But I haven't got lots on MPEx
thestringpuller: tiberiusiv: he's had more of a magnitude of that loss, see August 2012
thestringpuller: so like this is the 2nd time and mpex is still here?
lippoper1: broke 86
lippoper1: ;;ticker
gribble: BTCUSD ticker | Best bid: 82.66975, Best ask: 86.52356, Bid-ask spread: 3.85381, Last trade: 82.66975, 24 hour volume: 431290.95680419, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.14193
lippoper1: imminent crash?
mircea_popescu: so going up kinda ?
pigeons: if it happened before tiberiusiv got here, like the other mpbor bond loss month, it didnt really happen
mircea_popescu: actuyally there were 2 loss months
mircea_popescu: one lost like 5 btc or something
pigeons: no that didnt happen either
pigeons: gypsy
mircea_popescu: say, did you add my twitter to "humor" pigeons ?
pigeons: yeah i needed to make lists to organize
pigeons: you're in there with roger ver and realsolid
pigeons: laughing is good for health
mircea_popescu: omg fag
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 85.01000, Best ask: 85.20000, Bid-ask spread: 0.19000, Last trade: 85.20000, 24 hour volume: 434993.64973390, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.17972
thestringpuller: bulls are back?
error4733: ;;eightball bulls are back?
gribble: Yes!
thestringpuller: hahahahahahaha
mircea_popescu: lol
Namworld: worst might be over but it seems we've established a downward trend
guruvan: sweet. go gribble
MJR_: hmmm
MJR_: deon't know about that
MJR_: if you take now, and connect it to the 1st, or march 15th, or march 1st...its an upward trend
MJR_: and i think the 200 day, 50 day simple moving averages are all trending up overal
pigeons: there hasn't been a buying opportunity this good in weeks! as max would say
mircea_popescu: why do i get the feeling pigeons and jcpham are in the same trollclub
Namworld: myeah, but as of now, crash isn't slowing down one bit
pigeons: we're not, but i did nominate to induct jcpham to my trollclub since we lost a member
pigeons: didn't tell him yet though
gesell: the weekend brings no new funds end though perhaps there is enough sitting on the exchange that came in the past 2 days that no one wanted to put it.
kakobrekla: faek!
kakobrekla: ups
kakobrekla: scrollback
mircea_popescu: lol
Namworld: It looks like we're losing 25 USD/BTC every 5-7 hours on average, up until now
thestringpuller: ;;ticker
mircea_popescu: well so we're screwed by the 13th
gribble: BTCUSD ticker | Best bid: 82.50001, Best ask: 83.00000, Bid-ask spread: 0.49999, Last trade: 83.00000, 24 hour volume: 436129.86770227, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.18694
thestringpuller: okay there it goes
thestringpuller: ;;bc,24hprc
Namworld: the asks are building, the bids are lowering...
gribble: 81.02
kakobrekla: you cant lose 25 an hour anymore, youd be in negative
pgp: i agree regarding 200 MA... tested and held - I thought it would break... we still might retest... friday nights are historically bad for BTC...
mircea_popescu: only cvause all the women are out getting drunk
Namworld: Every 5-7 hours...
naemsi: I note the 2011 correction was about 70% off and that held until gox got hacked
mircea_popescu: leaves you pussies to ruin the world's greatest noncurrency
Namworld: not every hour... although that can't realistically keep on
mircea_popescu: naemsi this is a good point.
Namworld: But I called the top right...
naemsi: the parabolic moves and corrections basically mirror each other, but in 2011 a black swan came in too.
Namworld: Been going well so far. I'll stick with whatever I'm doing.
mircea_popescu: https://twitter.com/Mircea_Popescu/status/322791894411251712
joeykrim: naemsi, what are you using for charts?
mircea_popescu: meanwhile
naemsi: joeykrim: bitcoincharts and excerpts posted on other sites
pigeons: wow i thought being a gypsy was bad, but that was before i heard that Namworld actually buys servers for his business, what a loser
joeykrim: naemsi, k thx
Namworld: what?
naemsi: joeykrim: although, I haven't been able to get the custom date feature to work lately.
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 80.56000, Best ask: 80.70000, Bid-ask spread: 0.14000, Last trade: 80.56000, 24 hour volume: 440061.19267461, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.17643
Namworld: Servers are good =P
joeykrim: bitcoincharts loads everything but the chart for me currently hah
Namworld: same for me
Namworld: been like that for some time
guruvan: volume is absoultely nuts everywhere
mircea_popescu: 440k
mircea_popescu: if that ain't washing i dunno what is.
guruvan: still 82K @ btce too
gesell: what would be the issues with building an exchange where run using amazon cloud services partially, for the parts that get ddos'ed?
Diablo-D3: http://data.cnbc.com/quotes/MTGOXUSD
gesell: what tha!
gesell: boss!
mircea_popescu: lol everybody joins and drops that link since rthis morning.
gesell: i hadnt seen it
guruvan: pretty big news, really
thestringpuller: ;;bc,24hprc
gribble: 81.03
mircea_popescu: i still find the 0 volume funnay.
joeykrim: bitcoin been all over the news, cnbc and bloomberg .. both are watched on big bank trading floors
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 81.00000, Best ask: 81.20000, Bid-ask spread: 0.20000, Last trade: 80.70000, 24 hour volume: 440400.82873140, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.17554
gesell: cnbc price also masiively delayed
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 83.10000, Best ask: 83.40000, Bid-ask spread: 0.30000, Last trade: 83.10000, 24 hour volume: 441114.24602293, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.17493
assbot: [MPEX] [S.MPOE] 17800 @ 0.00070384 = 12.5284 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.0037333 = 3.7333 BTC [-]
thestringpuller: ;;bc,24hprc
gribble: 81.03
assbot: [MPEX] [S.DICE] 2222 @ 0.00373331 = 8.2954 BTC [+]
InstantBTC: what's driving sdice up so much?
mircea_popescu: kidna low yet no ?
InstantBTC: ah well sweet. my sell order went through
jborkl: Over 2000 btc up so far this month
jborkl: on SD
jborkl: not me, I mean SD profit
InstantBTC: I had a sell at 0.004xxxx something
InstantBTC: bought pretty low
InstantBTC: so im happy
mircea_popescu: wd
pigeons: i thought yall said lew rockwell didnt like bitcoin? https://www.lewrockwell.com/donate/
topace: mircea_popescu: im looking into ddos protection for havelock.. any recommendations ?
topace: i dont think we're big enough really to get a target on our back, but you can never be too prepared i suppose
mircea_popescu: topace the correct way to handle this is to separate your trade engine physically,
mircea_popescu: and then have people routed through webservers.
mircea_popescu: if those pop you can always bring up amazon instances at the very least.
mircea_popescu: have good encryptioon between trade engine and webservers - even if your users don't know gpg you do.
mircea_popescu: the stupid solution is to hire somebody like blacklotus i think were probably the best in the game.
naemsi: and then use a dictionary admin account password
mircea_popescu: and also have a huge pipe. i mean huge, 10gb dedicated +
assbot: [MPEX] [S.DICE] 268 @ 0.00373331 = 1.0005 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00373332 = 3.7333 BTC [+]
mircea_popescu: alternatively if you're good with dns and micro routing stuff you can do your own dns scrubbing/round robining etc.
assbot: [MPEX] [S.MPOE] 37191 @ 0.00070071 = 26.0601 BTC [-]
assbot: [MPEX] [S.MPOE] 29000 @ 0.00069795 = 20.2406 BTC [-]
assbot: [MPEX] [S.MPOE] 2909 @ 0.00069449 = 2.0203 BTC [-]
assbot: [MPEX] [S.DICE] 1000 @ 0.00332445 = 3.3245 BTC [-]
assbot: [MPEX] [S.DICE] 100 @ 0.00332444 = 0.3324 BTC [-]
assbot: [BTCTC] [B.YABMC] 1 @ 0.015 BTC [-]
pullerofstrings: !ticker m ^oix
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 123.90251552 / 218.88143499 / 226.22012381 (14550 shares, 2,478.62 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
assbot: [BTCTC] [SYNERGY] 1 @ 0.02497 BTC [-]
assbot: [BTCTC] [SYNERGY] 1 @ 0.024977 BTC [+]
assbot: [BTCTC] [SYNERGY] 52 @ 0.025 = 1.3 BTC [+]
assbot: [BTCTC] [SYNERGY] 10 @ 0.03 = 0.3 BTC [+]
assbot: [BTCTC] [S.BBET-PT] 1 @ 0.0021 BTC [+]
assbot: [MPEX] [S.BBET] 2300 @ 0.00189999 = 4.37 BTC [-]
MJR_: 3rd CNBC story on bitcoins of the day
kakobrekla: summary?
thestringpuller: ;;seen smickles
gribble: smickles was last seen in #bitcoin-assets 1 week, 1 day, 4 hours, 58 minutes, and 22 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
Doffx: He on vacation?
mircea_popescu: lol @bitcoinity announcement
mircea_popescu: im sure mtgox has an option.
mircea_popescu: Doffx afaik getting a new kid.
Doffx: Oh, sounds painful.
thestringpuller: kid isn't here yet
thestringpuller: too busy playing kerbal space program
thestringpuller: needs to play less kerbal space program and more replying to emails
mircea_popescu: da heck is kerbal ?
Doffx: haha
assbot: [HAVELOCK] [VTX] 5 @ 0.355 = 1.775 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.355 BTC [+]
thestringpuller: mircea_popescu: look it up
thestringpuller: but don't play it you might get addicted
thestringpuller: we may not see you for a few weeks
mircea_popescu: im already playing poe
mircea_popescu: and i don't like nonmedieval games anyway
thestringpuller: ;;ticker
gribble: BTCUSD ticker | Best bid: 91.10000, Best ask: 91.78900, Bid-ask spread: 0.68900, Last trade: 91.78900, 24 hour volume: 473553.42844556, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.68381
thestringpuller: ;;bc,24hprc
gribble: 81.69
assbot: [MPEX] [S.MPOE] 26600 @ 0.00070384 = 18.7221 BTC [+]
assbot: [HAVELOCK] [VTX] 71 @ 0.35 = 24.85 BTC [-]