jurov: c1no can we hear more about the oracles?
jurov: whether they are those contributing to polimedia.us/dtng
jurov: or some other kind
gribble: BTCUSD ticker | Best bid: 97.50002, Best ask: 97.66999, Bid-ask spread: 0.16997, Last trade: 97.50002, 24 hour volume: 167079.16352366, 24 hour low: 85.50000, 24 hour high: 109.99800, 24 hour vwap: 99.06497
assbot: [BTCTC] [S.DICE-PT] 28 @ 0.0045 = 0.126 BTC [+]
assbot: [BTCTC] [GSDPT] 68 @ 0.00371 = 0.2523 BTC [+]
pgp: what is this ;;next functionality?
gribble: expecting 105 if we break 99 | targets: 105, 113, 124, 130 on the upside | support: 94, 92, 87-88 | resistance: 102.5, 105, 110 | lowball buy target: 74-75 | strong rally sell target: 138-148 | updated by OneFixt at Apr 14 2013, 20:46 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | 25 minutes and 19 seconds ago
assbot: [BTCTC] [BTC-BOND] 158 @ 0.01 = 1.58 BTC [+]
assbot: [BTCTC] [PAJKA.BOND] 20 @ 0.1 = 2 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.0971 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 42 @ 0.097 = 4.074 BTC [-]
gribble: One would be wise to think so.
thestringpuller: is that that thing that keeps your penis flacid, but if you get an erection it hurts
orkaa: ugh, does this thing have a tube that goes inside your dick
pgp: bitcoinity added interval high/low on the charts - nice..
assbot: [MPEX] [S.MPOE] 10319 @ 0.00068593 = 7.0781 BTC [-]
pgp: really, never rendered for me...
pgp: no.. shaded red/green enveloping on the line chart...
pgp: i like it - a bit more intuitive than a candlestick chart...
mircea_popescu: nah. problem with mbc i'm told is that it has very narrow bw
mircea_popescu: anyway. why not just make a bunch of normal ham radio stations ?
mircea_popescu: there's no real advantage in communicating over geographical gaps.
mircea_popescu: asciilifeform the idea is that if you don't manage to get 10-20-50 mile continuity between statyions
mircea_popescu: it's unlikely for your currency to be useful or recognised anyway.
Diablo-D3: actually, you could just do non-geo sats
mircea_popescu: the roman empire coinage only had much relevance in those places 10 miles or closer to a castrum
mircea_popescu: Diablo-D3 ya but the idea is that for w/e reason you can't use satellites at all
Diablo-D3: so what, just bouncing it off shortwave using high gain antennas?
Diablo-D3: shortwave is probably too high bandwidth for what we want
mircea_popescu: asciilifeform ya but that's fiction. you'd have one chain per pocket.
Diablo-D3: asciilifeform may get what he wants anyhow
Diablo-D3: this is why I want to start my own chain
Diablo-D3: it should have never used the bitcoin codebase like it did
Diablo-D3: they didnt understand the implications of the code, and they fucked it up
Diablo-D3: litecoin is dead, hell, it was never born
Diablo-D3: I refer to litecoin using past tense.
assbot: [MPEX] [S.MPOE] 730 @ 0.00068593 = 0.5007 BTC [-]
assbot: [MPEX] [S.MPOE] 7449 @ 0.00068551 = 5.1064 BTC [-]
assbot: [MPEX] [S.MPOE] 6250 @ 0.00068538 = 4.2836 BTC [-]
assbot: [MPEX] [S.MPOE] 10000 @ 0.00068351 = 6.8351 BTC [-]
assbot: [MPEX] [S.MPOE] 8621 @ 0.00068305 = 5.8886 BTC [-]
mircea_popescu: asciilifeform yeah in some ways. but if you can't interconnect then youi can't really have an exchange.
Diablo-D3: kakobrekla: yeah, but they're all based on bitcoin
Diablo-D3: I want to take the ideas of bitcoin and use new code
mircea_popescu: Diablo-D3 if you actually take satoshi's stuff, write A SPEC and then have some implementations
kakobrekla: i dont think they are based on btc.. not all of them
Diablo-D3: mircea_popescu: there will be a spec, yes.
kakobrekla: i mean some are significantly different and stupider
Diablo-D3: Ill need help writing it from people who write formal specs
Diablo-D3: kakobrekla: they started with the bitcoin codebase, none of them went it from scratch
mircea_popescu: a full re-doing of satoshi's stuff would be great even if only an exercise.
mircea_popescu: pretend it's 2009 and you just published the paper. nao what.
Diablo-D3: Im saying Im going to do it from scratch
Diablo-D3: theres a lot of interesting ideas I want to try out on making chain transmission faster
Diablo-D3: we have what equates to a giant torrent network
Diablo-D3: I also want to make it very fucking difficult for ASICs to win
kakobrekla: first you want to run asic then you want to kill asic
Diablo-D3: asciilifeform: its impossible to premine anyhow
Diablo-D3: or rather, your first block's parent is 0
Scrat: i will mine diablocoins
mircea_popescu: ya srsly. can it be called something other than "Coin"
Diablo-D3: hell, I think satoshi may have even asked me early on to use bitcoin
Diablo-D3: either that, or someone who he asked asked me
Diablo-D3: I know satoshi used multiple irc nicks
Diablo-D3: YES< KAK, IM SATOSHI, YOU CAUGHT ME
Diablo-D3: seriously, you'd think I would write c++ that horrid?
assbot: [BTCTC] [COGNITIVE] 1 @ 0.13 BTC [-]
Diablo-D3: asciilifeform: Ive written bots that do sokoban for me on nethack
mircea_popescu: this is the problem with slavery, it doesn't promot innovation.
assbot: [MPEX] [S.MPOE] 8380 @ 0.00068305 = 5.724 BTC [-]
Diablo-D3: well, if btc is going to reach global GDP prices ($34k at current global GDP) then DiabloCoin should be around $1.
mircea_popescu: you could have mining which consists of giving birth to specified-dna babies.
mircea_popescu: you'd have to keep a bunch of vats somewhere which'd be the blockchain
Diablo-D3: you know how blocks are named by a 256 bit value?
Diablo-D3: I think I might go the 1024 bit value route
Diablo-D3: okay, you know what scrypt is, right?
Diablo-D3: scrypt isn't limited to what ltc is doing with it
kakobrekla: cant they change that like bitcoin can to sha512
Diablo-D3: kakobrekla: they'd have to actually do it
Diablo-D3: and they have no interest in doing it
Diablo-D3: kakobrekla: I dont think they're smart enough to figure out how, honestly.
kakobrekla: like bitcoin isnt at sha512 yet cause there is no interest cause there is no need cause its making sense ?
Diablo-D3: the original scrypt spec doesnt allow the sizes Im talking about
mircea_popescu: asciilifeform there's more people owning slaves than semiconductor fabs. this is a fact.
Diablo-D3: mircea_popescu: theres been other committers
Diablo-D3: anyhow, he took an off the shelf message signing scheme
Diablo-D3: without really understanding how it it worked
Diablo-D3: which is why I want something that requires off the shelf normal CPUs
mircea_popescu: no it doesn't omg. the same can be said : only the most powerful states can keep slaves etc.
Diablo-D3: ltc could be fixed if they used -m for difficulty.
Diablo-D3: asciilifeform: no, the right hardware exists
assbot: [HAVELOCK] [SDICE] 1 @ 0.427 BTC [+]
Diablo-D3: like, I can buy a machine that has 1TB of memory
assbot: [MPEX:S.MPOE] 1D: 0.00068305 / 0.00069902 / 0.0007217 (434901 shares, 304.01 BTC), 7D: 0.00063322 / 0.00069632 / 0.000735 (2592815 shares, 1,805.44 BTC), 30D: 0.00059218 / 0.00068937 / 0.00077505 (10918510 shares, 7,526.99 BTC)
Diablo-D3: asciilifeform: Im not saying I can stop asics
Diablo-D3: Im saying I can make their construction very expensive
Diablo-D3: once you've gone past the size of your cache, the speed of scrypt is the speed of your memory.
Scrat: ram is easier to fab than logic
Diablo-D3: Scrat: yes, but anyone can find it
assbot: [BTCTC] [BTC-MINING] 1 @ 0.007 BTC [+]
Diablo-D3: asciilifeform: do you realize how expensive that is?
Diablo-D3: I'm trying to wildly drive up the cost of ASICs
mircea_popescu: the cost of making computers is nil. we're getting there.
Diablo-D3: asciilifeform: yes, but do you know what the fun part is?
mircea_popescu: actually raising the cost is building an advantage for the attacker.
mircea_popescu: bitcoin was a LOT stronger back when ppl cpu minded it
Diablo-D3: give up? if difficulty is linked to -M, your asics _stop working_
mircea_popescu: BUT! you can just make asics with 1 tb worth of ram per chip and redundant math processes which just share it.
Diablo-D3: asciilifeform: yes, but people can already buy those
mircea_popescu: so your asic may slow down as m goes up but that's all
Diablo-D3: mircea_popescu: yes but I still eat away at that
Diablo-D3: normal people can buy off the shelf hardware and do it cheaper
Diablo-D3: Im trying to make it cost ineffective for asics to win
Diablo-D3: scrypt uses basically no cpu, but is memory intensive
mod6: isn't it true that major chip makers will get into this space as btc becomes more widespread and demand for these chipsets becomes higher? innovation will follow also?
Diablo-D3: mircea_popescu: the thing is, average people can buy ram
Diablo-D3: and asics + ram isnt a winning solution
mod6: why not? what if AMD comes out with ASICs in '14?
Diablo-D3: the cost of an ASIC with 1TB of ram is going to be the same as a cheap CPU with 1TB of ram
mircea_popescu: asciilifeform however the problem of making an ai-ciomplete pow function is ALSO kinda difficult./
Diablo-D3: its the ram thats going to be expensive, not the ASIC
mircea_popescu: Diablo-D3 nah, it will be higher cause of economies of scale.
Diablo-D3: mircea_popescu: yes, and cpus are the highest economy of scale
Diablo-D3: the asics and cpus would use the same ram, and have boards just as complex
Diablo-D3: mircea_popescu: it probably would be
Diablo-D3: mircea_popescu: but a lot of people have already built mining farms in their basements
assbot: [MPEX] [S.MPOE] 21000 @ 0.00068305 = 14.3441 BTC [-]
mircea_popescu: i don't happen to believe in making things to own. i prefer owning things other ppl make
thestringpuller: mircea_popescu: you made an exchange though that you now own
mircea_popescu: suppose we find a liniarisation of sokoban maps, such that any arbitrary number comes to a map
mircea_popescu: proof of work could be then accomplished by showing a path of solving the map in at most N steps, where n is the difficulty.
assbot: [MPEX] [S.MPOE] 10750 @ 0.00068305 = 7.3428 BTC [-]
Scrat: litecoin-0.6.3c-linux.tar.gz — Litecoin v0.6.3c for Linux (tgz, 32/64-bit) 10.9MB · Uploaded 9 months ago
Scrat: is litecoin too cool for recent code or what
mod6: if its perfect, no need to change it! trololol
mod6: yeah, weird. and these are weeklies?
assbot: [MPEX] [S.MPOE] 8850 @ 0.00068305 = 6.045 BTC [-]
mod6: well, i guess they have up to the next forward month
assbot: [MPEX] [S.MPOE] 8050 @ 0.00068412 = 5.5072 BTC [+]
mod6: oh its: personname: Josh Popham
Scrat: I don't think it's his
Scrat: fbastage made it iirc
mod6: he's the owner of the domain: `whois porngo.at`
mod6: these are only european style also.
mod6: anyway, interesting
mircea_popescu: well... if european style end of month options go for like .4 btc per 96 call
mod6: ok so the buyer puts in the expiry time, depending if they want weekly or monthy or next forward month: "The expiration date is ________ (GMT) "
mod6: but yeah, they can't exercise on their own
Diablo-D3: mircea_popescu: btw something Im interested in
mod6: i wonder if these contracts will be PGP signed by both parties? i guess someone would have to inquire further...
Diablo-D3: mircea_popescu: so, blocks are going to keep getting bigger and bigger and bigger, right?
Diablo-D3: I should be able to use network coding to basically torrent the new block to all my peers
Diablo-D3: say, use compression to compress it as far as possible, then use some form of reed solomon error correction
assbot: [MPEX] [S.MPOE] 14159 @ 0.00068412 = 9.6865 BTC [+]
assbot: [MPEX] [S.MPOE] 8309 @ 0.00069018 = 5.7347 BTC [+]
assbot: [MPEX] [S.MPOE] 1332 @ 0.00069049 = 0.9197 BTC [+]
Diablo-D3: so I can send it out in chunks, and getting x of y chunks you can reconstruct the missing (y - x) chunks
Diablo-D3: but not only that, all nodes start repeating the block BEFORE Ive sent (y- x) chunks
Scrat: so you compress it and get to 60% of the size, then a healthy application of reed solomon codes will give you another 40%
Diablo-D3: Scrat: reed solomon codes wont do that
Diablo-D3: infact, lets say I need 3 blocks to reconstruct 4
Scrat: if you use something fast like snappy I doubt it will go below 80-90%
Diablo-D3: er, 3 reed solomon block chunks to reconstruct 4
Diablo-D3: the physical space taken up by 3 will be the size of the original
Diablo-D3: so I dont get compression out of those
Scrat: I still don't get where it will be used
pgp: wow a lot of coin just printed...
Diablo-D3: I send chunk A to peer 1, that completes, then I send chunk B to peer 2 and while Im sending it to 2, peer 1 is sending A to peer n
Diablo-D3: and then that finishes, and I send chunk C to peer 3, and while Im doing that, peer 1 sends A to another n (where n includes 2 and 3), peer 2 sends B to n (which includes 1 and 3)
Diablo-D3: blocks may become double or triple digits in size
Scrat: i still think that more intelligence in the download algorithms will trump whatever improvement you will get there
Diablo-D3: Scrat: Im actually surprised bittorrent didnt go that route
Diablo-D3: it chunks torrents up and seeds sends blocks evenly to peers
Diablo-D3: ie, it prioritizes chunks that have low visibility
Scrat: well I need to think about it but it looks as if you're gonna need to have a lot of RS redundancy to make that usable
Diablo-D3: but it has a lot of shit on top to handle error correction
Diablo-D3: Scrat: a properly done RS setup of n of m, the size of n chunks is going to be at least the size of the original
Diablo-D3: so if I need 3 or 4 of a 128kb block, 3 RS chunks will be 128kb
Scrat: well at this point my brain capacity is reduced to watching kiefer sutherland on my 3rd monitor
Diablo-D3: actually, lets say 192kb block, 3 chunks will be 192kb
Scrat: and we shouldn't discuss this anymore :p
Diablo-D3: but get in return faster propegation rate
Diablo-D3: people could send these over shitty wireless links
Scrat: bleh, like bit errors make it to the application level
Diablo-D3: btw, I probably wouldnt go the route of 3 out of 4
Scrat: ditch the OS/lang idea imo and make a new coin
gribble: BTCUSD ticker | Best bid: 89.95308, Best ask: 90.00000, Bid-ask spread: 0.04692, Last trade: 90.00000, 24 hour volume: 152496.21232257, 24 hour low: 89.25715, 24 hour high: 109.99800, 24 hour vwap: 98.94765
Diablo-D3: 8 of 10 or 128 of 30 seem to be optimal route
Diablo-D3: I didnt like the direction it was going
Scrat: oh shiz, 2 day minimum?
Scrat: talking about price sorry
Diablo-D3: 128 out of 130 would be really interesting btw
Diablo-D3: connect to 130 peers, send each one chunk
Diablo-D3: entire bitcoin network replicates your block as quickly as possible
Scrat: well i guess it does make a bit of sense, just 2-3% of overhead for a great increase in availability
Diablo-D3: the entire network could theoretically have chunk 1 by the time you finish chunk 130
assbot: [BTCTC] [LTC-MINING] 2 @ 0.25 = 0.5 BTC [-]
gribble: BTCUSD ticker | Best bid: 88.00001, Best ask: 88.06169, Bid-ask spread: 0.06168, Last trade: 88.06169, 24 hour volume: 159387.05385511, 24 hour low: 84.88000, 24 hour high: 109.99800, 24 hour vwap: 98.39396
Scrat: BT is quite old btw and most innovations on it have to do with avoiding centralization
Diablo-D3: Scrat: yes, which we have in spades
Diablo-D3: thestringpuller: are you trolling me?
thestringpuller: sort of, why do you people always want to reinvent the wheel rather than make the wheel better?
Diablo-D3: thestringpuller: this is making the wheel better
thestringpuller: haven't we all fucking learned that Unix did everything right years ago?
Diablo-D3: thestringpuller: actually its funny you mention that
kakobrekla: wait the topic of the convo is still diablocoin?
Diablo-D3: otherwise WE WOULDNT HAVE FUCKING THREADS
Scrat: but to be fair such a scheme will in no way be a USP for a new coin
Diablo-D3: WHO THE FUCK THOUGHT THREADS WAS _EVER_ SUCH A GOOD IDEA
Scrat: QC resistance might be
Diablo-D3: thestringpuller: I request a new analogy
Scrat: Diablo-D3: a coin with coloring built in
Diablo-D3: Scrat: that could be interesting, but Im not entirely sure how colored coins work
Diablo-D3: thestringpuller: it works on processes poorly
Scrat: chrome is the most advanced browser by far
Diablo-D3: Scrat: yes, and so is safari and firefox by that measuring stick
Scrat: they did things right from the get go
Scrat: proper sandboxing, isolation, JS engine
Scrat: we are waay waay offtopic
Diablo-D3: well, Im assuming that bitcoin will eventually copy my ideas
deadweasel: when frying a skinny fish, do to poke at it too much, this spoils the fish.
assbot: [HAVELOCK] [SDICE] 1 @ 0.427 BTC [+]
assbot: Last trade for S.DICE on MPEX was at 0.00328066 BTC [-]
Diablo-D3: but what stops me from doing that now?
exfortuna: does anyone know where I could find data for bitcoin difficulty?
Diablo-D3: and then people can coutersign your coins if you're a dick?
Diablo-D3: and then people can reject coins that have too many countersignatories?
exfortuna: Thank you, but is there a way to get raw data? I'm doing a regression analysis for an econ class
Diablo-D3: exfortuna: you can calculate it from the chain
Diablo-D3: asciilifeform: yes, but what stops me from maliciously countersigning coins
Diablo-D3: asciilifeform: it'd be interesting to have colored coins built into the system
Scrat: csv, difficulty is 5th number
assbot: [MPEX] [S.MPOE] 6550 @ 0.00068305 = 4.474 BTC [-]
Diablo-D3: asciilifeform: we'd need a limited form of this
Diablo-D3: where I send a tx to the network that says "these coins are shitcoined for the following users" and then list their public keys
Diablo-D3: asciilifeform: we'd need a new tx format
jurov: sorry for not reading it all but have a proposal for slavecoin
Diablo-D3: asciilifeform: well, the way I'd code it is
jurov: encode a block asenglish text tobe submitted into peer-reviewed scientific journal
jurov: preferably resistant to sokal attack
Diablo-D3: send a tx that contains your signature like normal, but contains a list of addresses who can countersign it
Diablo-D3: but the countersignature can ALSO be a normal tx
Diablo-D3: asciilifeform: well, the thing with my idea is
Diablo-D3: I can sign a sharecoin using the scripting stuff
Scrat: what can you measure slave PoW on?
Scrat: pyramids per year?
Diablo-D3: "this coin will be send to user x if user x countersigns this tx with y dtc by block z"
Diablo-D3: and the client would automatically pop up requests to do so
Diablo-D3: asciilifeform: notice Im not using them for rep
Diablo-D3: Im using them for atomic ownership trnasferral
Diablo-D3: and then for sharecoins, I could query the client to see who owns shares
Diablo-D3: asciilifeform: of course, this is for DiabloCoin.
Diablo-D3: seems to use my time more efficiently
ThickAsThieves: i want to learn more about this. more and more and more and more and more
Diablo-D3: thestringpuller: Im not sure where you're getting hypotheticals though
ThickAsThieves: cant we get back to oohhhing and ahhhing over gox price drop?
gribble: BTCUSD ticker | Best bid: 87.21000, Best ask: 88.00000, Bid-ask spread: 0.79000, Last trade: 88.00000, 24 hour volume: 164007.46365407, 24 hour low: 84.88000, 24 hour high: 109.99800, 24 hour vwap: 97.85507
copumpkin: that's what you need it to be to reach your goal?
Diablo-D3: copumpkin: do, its global GDP / 21 million
mircea_popescu: the solution to hft is both simple and already implemented.
mircea_popescu: you put it on the book, can't cancel it for 1 second say.
Scrat: asciilifeform: then it will be delegated to chinese sweatshops
ThickAsThieves: .00001 speculation is no different than 10000btc i guess.... i guess
mircea_popescu: there's no real advantage to being quick in a game of wits.
exfortuna: >mfw trollcoin founder becomes millionaire
Scrat: mircea_popescu: you will eat your hat if this turns into the next google
Scrat: ok exfortuna you beat me to it
mircea_popescu: if mtgox lag was subsecond (which is HUGELY laggy for an exchange) nobody'd complain
ThickAsThieves: i think mp just meant that in the scheme of things, betting small in high qty is no better than big in low qty
mircea_popescu: the idea is just that having a car that's 1ms faster wins you nasdaq, but on a well designed exchange having a bot that's 1ms faster wins you little if anything at all.
mircea_popescu: romania is one of the eu members. it has always been a laggard. this was always decried as a huge disadvantage.
mircea_popescu: now europe is going off a cliff, and the laggard is in the best position all things considering.
mircea_popescu: executing very well is an advantage if you have a good strat. if you have a bad strat executing poorly is actually better
mircea_popescu: this is how bureaucracies survive : clueless but at least slow.
ThickAsThieves: i dont think either of your perspectives is totally relavant
mircea_popescu: possibly not. i think we're discussing very slightly different things
mircea_popescu: by that approach that options site referenced earlier is "laughing all the way to the bank"
mircea_popescu: well you can always have an ex post facto definition of the purpose of an item that suits its actual history.
assbot: [MPEX] [S.MPOE] 22650 @ 0.00068305 = 15.4711 BTC [-]
mircea_popescu: go hit on a girl, she turns yhou down, you meant for her to turn you down all along. sure.
mircea_popescu: who is a serious contender for the exchange dollars to euros "throne" irl ?
mircea_popescu: right. cause it's a side business of no particular value or import
mircea_popescu: unless you're in like iran or some other primitive economy.
assbot: [BTCTC] [RSM] 2 @ 0.0018 = 0.0036 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.48 BTC [+]
mircea_popescu: depends. there's no such thing as "an alternative". wjhat's the alternative to eating from the garbage ?
mircea_popescu: well... depends. italian restaurants if you like italian food
mircea_popescu: sure, garbage bins almost always have some food in them. i wouldn't call this a "brand"
mircea_popescu: well it also happens to not matter what the brand is among rats.
mircea_popescu: the fact that all users are currently that makes zero difference on this score.
mircea_popescu: i seriously don't know anyone who's neither a noob or an idiot seriously using mtgox.
mircea_popescu: sure, on ocasion. but fact remains most major players don't even have an account with them
mircea_popescu: because a. they keep making dumbass statements that then get fed into the dumbass press which make btc look like a scam
mircea_popescu: and b. because they back all sorts of dubious shit and are generally part of the axis of evil.
assbot: [HAVELOCK] [HIM] 1 @ 1.422 BTC [+]
mircea_popescu: "guard labour" is a void notion pretty much. it stems from the ultimately doomed attempt of the intellectually bankrupt left to justify it's nonsense.
mircea_popescu: and no. the rich are not rich because they've stiolen from the poor, or from the stupid.
mircea_popescu: how did you end up so immersed in red ideology anyway ?
assbot: [HAVELOCK] [VTX] 1 @ 0.445 BTC [-]
mircea_popescu: money simply follows its own rules, and concentrates in adequate places.
mircea_popescu: rthe poor are poor because they are failed human beings, not for any other reason.
mircea_popescu: money can best be understood as the practical equivalent of the theological concept of "grace of god"
mircea_popescu: mtgox doing such a horrible job of it is the bad thing.
Namworld: I use MtGox. Albeit not to daytrade, it's too damn slow for that.
Namworld: To exit BTC, waiting to buy back in.
Namworld: Involves waiting a few weeks, and I don't trust other exchanges enough to deposit there.
mircea_popescu: asciilifeform it is at the very least red because its only practical use is to try and give credence to this nonsense theory whereby inequality breeds stagnation through "waste".
mircea_popescu: whereas the only true measure of development is inequality,
mircea_popescu: and the only places not worth living into are those devoid of inequality.
mircea_popescu: the only practical way to educate the human being is through violence.
mircea_popescu: this has nothing to do with protecting anything of yours.
mircea_popescu: education is purely a sexual process. what's this "more fucks than necessary" ?
mircea_popescu: the effort of fucking a pregnant woman (for instance) is in no way wasted.
mircea_popescu: people need a good answer as to why the fuck they're your subjects.
mircea_popescu: trying to save on fucking ain't the way to go about marriage.
mircea_popescu: i just happen to be able to fit more on my bus than the current fashion
mircea_popescu: in rome i'd have probably driven them up the wall with my globalist ideas.
mircea_popescu: but think about it : the old guard of the soviet republic, them people in their leather jackets
mircea_popescu: that's what you do! it's like asking van gogh to save on paint.
mircea_popescu: tell hemingway "could you rewrite this ? all the m's and w's use so much ink... try writing with more i's instead"
mircea_popescu: and there's a reason the tinted windows tinted glasses douches in the us have infinite budgets atm. they are THE state.
mircea_popescu: or moreover this is what the state is, much like a supermodel is her tits and her waist
mircea_popescu: you misunderstand the relationship between the powerful and power.
mircea_popescu: i think the problem is something along these lines : young cock gets into night club, sees successful local mobster with the three girls dotting on him. figures this is a cool squarejaw, he's forcing these women to do such things.
mircea_popescu: no, he's not. most of his time is spent trtying to keep such women at bay.
mircea_popescu: these three are just there cause they;'re the least obnoxious of a sea of similar bitches in heat.
mircea_popescu: just so with power. the powerful don't actively seek it. it seeks them.
mircea_popescu: nobody who endfs on the throne actually goes for the throne.
gribble: About as likely as pigs flying.
mircea_popescu: i never met stalin or jukov, but i can take an oath stalin only fucked jukov because jukov pissed him off.
gribble: jurov was last seen in #bitcoin-assets 1 hour, 10 minutes, and 7 seconds ago: <jurov> preferably resistant to sokal attack
mircea_popescu: the only alternative is jukov got sick of the shit and weanted out.
mircea_popescu: there's just no way stalin went "omg must protect tyhrone"
assbot: [MPEX] [S.MPOE] 7400 @ 0.00068305 = 5.0546 BTC [-]
mircea_popescu: you'd rather burn the world and go have a drink with them.
mircea_popescu: you understand this ? nobody loves the wormy multitude enough to kill one good man over it.
mircea_popescu: nobody may be too strong a world, as insanity is a good bedfellow to exceptional performance
mircea_popescu: but still, generally speaking, nobody cares about the crowd.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.849 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 8 @ 0.85 = 6.8 BTC [+]
assbot: [MPEX] [S.MPOE] 1820 @ 0.00068305 = 1.2432 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.8549 = 4.2745 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.855 = 1.71 BTC [+]
mircea_popescu: the harem scarcity is bullshit. there's currently orders of magnitude more slaves looking for masters than masters willing to take slaves.
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.855 = 2.565 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.859 = 4.295 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.86 = 1.72 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.876 = 5.256 BTC [+]
mircea_popescu: the fate of the triumvirate was that pompey despised caesar.
mircea_popescu: i don;'t think they cared either way and in the end i don't think they fought for that either.
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.876 BTC [+]
mircea_popescu: so basically the old folks are too cool for us to wear their shoes ?
mircea_popescu: "get double the gold" da fuck is that. to do what, carry it luis de funes style ?
mircea_popescu: get moar gold but can't throw a party cause there's nobody to invite.
mircea_popescu: perhaps. it does come out a rather vulgar thing as reduced by our conversation.
mircea_popescu: nevertheless, plugging the other guy has the virtue of keeping this putative aristocracy from complacency
mircea_popescu: perhaps you just do it because it becomes clear the guy's a fuckwit.
mircea_popescu: maybe go the whole japanese mile and have him cut his own guts out
mircea_popescu: a, that's a pity. probably the best thing tyo come out of france
mircea_popescu: magnet:?xt=urn:btih:50c6b7a7b42d136d1dc1bc600220ba7c30e46f4d&dn=L'Avare+(1980)(L+de+Funes)DVDRip+NL+subs[Divx]NLtoppers&tr=udp://tracker.openbittorrent.com:80&tr=udp://tracker.publicbt.com:80&tr=udp://tracker.istole.it:6969&tr=udp://tracker.ccc.de:80
mircea_popescu: anyway, not so sure sepukku is such a bad example. you have one chance to do yourself in as one of us now that you can't continue living as one of us.
mircea_popescu: no, my objection is that form is no substitute for function.
mircea_popescu: what people do is no proof of what people are, in this sense.
mircea_popescu: getting a girl to suck your cock is no proof you're loved.
thestringpuller: did I really just come back to "getting a girl to suck your cock is no proof you're loved.
thestringpuller: look at you mircea_popescu droppin' some love wisdom and shit on deez homies
mircea_popescu: even so. the subtle structure of the world remains inacessible. even if the girl does it with enthusiasm and art.
mircea_popescu: the pretense of the "educated" to access it is as fraudulent in today's cathedral as it was in the druid circle obviously.
mircea_popescu: moreover, the original branch where we got lost is the proving.
mircea_popescu: there's no proof you have the mandate of heaven. nopr can ever be.
mircea_popescu: global warming is a useful "abstraction" if you're using it to get a dumbass neighbour to stop smoking out your pool.
assbot: [MPEX] [S.MPOE] 646 @ 0.00068305 = 0.4413 BTC [-]
assbot: [MPEX] [S.MPOE] 904 @ 0.00068262 = 0.6171 BTC [-]
mircea_popescu: this hidden-ness and the lack of systematic solutions are exactly why the "virile fucktopia" is the only solution.
mircea_popescu: whether it scales or not will decide how large a community can get, not whether it will be the norm or not.
assbot: [BTCTC] [RSM] 1 @ 0.0018 BTC [+]
assbot: [HAVELOCK] [KCIM] 1 @ 1.214 BTC [+]
ThickAsThieves: just watched a few min of mtv video awards, wow that channel really fell apart huh?
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.875 = 2.625 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.876 = 1.752 BTC [+]
assbot: [MPEX] [S.MPOE] 19800 @ 0.00068262 = 13.5159 BTC [-]
assbot: [MPEX] [S.DICE] 1 @ 0.004 BTC [+]
mpexbot: mod6: S.DICE 1 day: average: 0.00328089 high: 0.004 low: 0.00328066 volume: 3177 btc: 10.42337616 7 day: average: 0.00299325 high: 0.00409999 low: 0.0027 volume: 281669 btc: 843.10495586 30 day: average: 0.00348657 high: 0.005598 low: 0.0027 volume: 1860301 btc: 6486.07287801
assbot: [BTCTC] [S.MPOE-PT] 25 @ 0.00067 = 0.0168 BTC [-]
assbot: [BTCTC] [S.MPOE-PT] 5 @ 0.00067 = 0.0034 BTC [-]
assbot: [BTCTC] [S.MPOE-PT] 50 @ 0.000675 = 0.0338 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 110 @ 0.000689 = 0.0758 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.876 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.879 = 4.395 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.8796 = 4.398 BTC [+]
assbot: [MPEX:S.MPOE] 1D: 0.00068262 / 0.00069523 / 0.0007217 (538731 shares, 374.54 BTC), 7D: 0.00063322 / 0.00069588 / 0.000735 (2714177 shares, 1,888.76 BTC), 30D: 0.00059218 / 0.00068885 / 0.00077505 (10960684 shares, 7,550.28 BTC)
assbot: [BTCTC] [ASICMINER-PT] 17 @ 0.8797 = 14.9549 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.899 = 4.495 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.89998 BTC [+]
mpexbot: thestringpuller: S.MPOE 1 day: average: 0.00069523 high: 0.0007217 low: 0.00068262 volume: 538731 btc: 374.54423445 7 day: average: 0.00069589 high: 0.000735 low: 0.00063322 volume: 2714177 btc: 1888.76003405 30 day: average: 0.00068885 high: 0.00077505 low: 0.00059218 volume: 10960684 btc: 7550.28122564
mpexbot: thestringpuller: (help [<plugin>] [<command>]) -- This command gives a useful description of what <command> does. <plugin> is only necessary if the command is in more than one plugin.
mpexbot: thestringpuller: Error: There is no command "all".
mpexbot: thestringpuller: Error: There is no command "bids".
mpexbot: thestringpuller: Error: There is no command "bid".
mpexbot: mircea_popescu: S.MPOE Bids: ['5422 @ 0.00068649', '4896 @ 0.00068262', '9165 @ 0.00067807', '22800 @ 0.00067644', '32500 @ 0.00067461']
mpexbot: mircea_popescu: Asks: ['12133 @ 0.00069049', '10000 @ 0.0007008', '3910 @ 0.00070089', '23100 @ 0.00070285', '1250 @ 0.00070788']
gribble: BTCUSD ticker | Best bid: 95.40118, Best ask: 95.95998, Bid-ask spread: 0.55880, Last trade: 95.48019, 24 hour volume: 156646.71403264, 24 hour low: 84.43689, 24 hour high: 109.99800, 24 hour vwap: 97.19479
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 3 @ 0.00345 = 0.0104 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00343 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00321 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 3 @ 0.00321 = 0.0096 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.0032 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 41 @ 0.00312 = 0.1279 BTC [-]
assbot: [BTCTC] [CRYPTO-TRADE] 29 @ 0.2 = 5.8 BTC [+]
gribble: rising to 105-108 | targets: 108, 110-113, 120, 130, 138-148, 160 | updated by OneFixt at Apr 15 2013, 7:45 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | 1 hour, 49 minutes, and 43 seconds ago
assbot: [BTCTC] [ASICMINER-PT] 13 @ 0.89999 = 11.6999 BTC [+]
assbot: [BTCTC] [BTC-BOND] 5 @ 0.01 = 0.05 BTC [+]
assbot: [MPEX] [S.MPOE] 2430 @ 0.00068597 = 1.6669 BTC [+]
assbot: [MPEX] [S.MPOE] 11598 @ 0.0006933 = 8.0409 BTC [+]
assbot: [HAVELOCK] [KCIM] 2 @ 1.2139 = 2.4278 BTC [-]
assbot: [BTCTC] [RSM] 20 @ 0.0018 = 0.036 BTC [+]
assbot: [BTCTC] [S.MPOE-PT] 45 @ 0.000689 = 0.031 BTC [+]
assbot: [MPEX] [S.MPOE] 9300 @ 0.0006933 = 6.4477 BTC [+]
assbot: [MPEX] [S.MPOE] 852 @ 0.0006933 = 0.5907 BTC [+]
assbot: [MPEX] [S.MPOE] 1548 @ 0.0007037 = 1.0893 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.485 BTC [+]
gribble: BTCUSD ticker | Best bid: 96.72000, Best ask: 97.77700, Bid-ask spread: 1.05700, Last trade: 96.72000, 24 hour volume: 142297.15764338, 24 hour low: 84.43689, 24 hour high: 105.40000, 24 hour vwap: 95.29939
error4733: ;;eightball will btc reach 150$ this week ?
error4733: ;;eightball will btc reach 50$ this week ?
error4733: i wish have like 100btc for fun to play with gribble
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [-]
error4733: yes but if i sold my car i thinks i get 12bt haha
assbot: [MPEX] [S.MPOE] 3052 @ 0.0007037 = 2.1477 BTC [+]
assbot: [MPEX] [S.MPOE] 3948 @ 0.00070473 = 2.7823 BTC [+]
pgp: prediction for today?
pgp: overall trend, though?
Framedragger: and i'm trying to trade goods over coin, it hurts the brain
gribble: There are currently 36500.533 bitcoins demanded at or over 75.0 USD, worth 3094909.86845 USD in total. | Data vintage: 0.0053 seconds
gribble: There are currently 35059.129 bitcoins offered at or under 125.0 USD, worth 3926457.98079 USD in total. | Data vintage: 3.9841 seconds
mircea_popescu: maybe idiots behave and we have a nice slope going to 130 till summer.
pgp: idiots - not in their nature to behave...
pgp: anyway - I think short-term trend is lower myself... need to retest bottom
pgp: ;;eightball will we retest bottom?
assbot: [MPEX] [S.MPOE] 11300 @ 0.00069569 = 7.8613 BTC [-]
gribble: watching for another drop to 90s, then rising to 105-108 | targets: 108, 110-113, 120, 130, 138-148, 160 | updated by OneFixt at Apr 15 2013, 10:47 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 51 minutes and 26 seconds ago
pgp: too bad puts are unavailable :-(
assbot: [BTCTC] [BTC-BOND] 15 @ 0.01 = 0.15 BTC [+]
pgp: but then again MPEX exchange membership for $1000 USD would be reward enough...
mircea_popescu: haha something tells me people cringing at $7500 membership a week ago are still not running to get it at 60% discount
mircea_popescu: just so they can cringe when it's $500k+ in a year or two.
pgp: I like it at 60%, but I like it more at 85% off
taub: i'd take one for 10 maybe
mircea_popescu: i havce no idea why people represent this in terms of them buying something.
mircea_popescu: it's an exam. yet another of life's exams most fail to pass.
pgp: I think that model is correct.
mircea_popescu: when you go to get your degree you are basically paying a fee for this priviledge, equal to the value of your time you put into making the papers
mircea_popescu: (not the time spent learning, the time spent making the proofs that you'cve learned)
pgp: non-trivial up front fee for exchange membership (which should be limited to non-idiots), but also low marginal costs for trading...
pgp: idiots go to members to trade, where fees get marked up but no upfront fee - it's how it work irl
mircea_popescu: and hopefulyl they get some sense/advice in the package.
pgp: not that MPEX isn't real life...
pgp: well, it could be marketed better...
unbalanced_: Agreed, I think you're just one $15 home page template away from being at the top of everyone's lists when it comes to BTC assets.
mircea_popescu: there is a problem of growthspeed which is not too well understood, especially not by the average (which is to say business illiterate) entrepreneur these days.
mircea_popescu: take the case of the twelve year old as an illustrative example.
mircea_popescu: the surest way for her NOT being a successful fotomodel at 19 is if her tits grow too fast.
unbalanced_: True, getting growth right is non-trivial.
mircea_popescu: stretchmarks are actually worse than no growth at all.
unbalanced_: Aw I said true before I knew we were going to sextown.
mircea_popescu: unbalanced_ everyone, as in, the people who took btc to 260 when i told them not to go over 130 ? why does one want this everyone muddling throuhg ?
taub: mpex has the highest volume in bitcoin stocks already doesnt it?
mircea_popescu: even so i am more worried by things such as sdice going to 75 then to 29 for no apparent reason
unbalanced_: I want to see bitcoin and sophisticated discussion of BTC assets get more widespread. This channel is the best their is but cuts off half the population.
Bugpowder: sdice valuation was betting volume related
taub: why would price movement worry u
mircea_popescu: taub because volatility and investment are roughly speaking inversely correlated.
taub: never heard that before mp
mircea_popescu: let me illustrate this point, and i won't even use tits.
taub: i mean your job should be to run the exchange, not really worry about volatility
mircea_popescu: now, with the mob there comes sudden and striong social mobility, and also a bunch of murders.
mircea_popescu: in spite of it being mostly the mobsters who are getting murdered, it is the peasants who move out of the town, and the mobsters who move in.
unbalanced_: I respect the math/investment opinions, so I'm not going anywhere. I could just do without you playing to the mentality of teenage boys while you simultaneously express distaste for unsophisticated noobs (a high proportion of which are likely that same demographic).
mircea_popescu: huge volatility is exactly the same : in spite of the fact it mostly burns the speculators,
mircea_popescu: it is the investors it repels and the speculators it attracts.
mircea_popescu: unbalanced_ the sexual barrier is there to repel the unthinking adults, not to cater to the teenagers.
mircea_popescu: grosso modo if you're spending any part of your day in a place where you can't peruse porn you don't belong here anyway.
unbalanced_: Anywhoo, I'm saying I agree that MPEX is the biggest and the best game in town. I'd like more people to know about it and I think the site is not just unattractive, it prevents people from taking it seriously.
assbot: [MPEX] [S.MPOE] 3000 @ 0.00069476 = 2.0843 BTC [-]
pgp: the public should be going to coinbr - not MPEX
mircea_popescu: Bugpowder i think perhaps you have a good point there, it does move like a biotech
mircea_popescu: maybe i'm overstating my herd concerns as personal bias.
Bugpowder: Oh look a whale is betting again with a big address = positive clinical trial result
unbalanced_: As a motivated options trader actively looking for a solution to trade options on Bitcoin, it took me about a year and umpteen visits to mpex.co to grok it and get over the 1995 layout and titties and harsh attitude.
Bugpowder: It's revenue stream is very very top heavy
unbalanced_: I hate seeing these articles now where people are discussing plans for trading options on bitcoin and MPEX isn't even mentioned. That's all I'm getting at, let's get them to notice what you've built here.
pgp: if it break 1350, look out below..
pgp: overtime, bticoin will get some of the money that people would otherwise invest in gold...
mircea_popescu: anyway, unbalanced_, people (like for instance MtGox) were discussing plans to trade options on bitcoins back this time in 2011, and mpex wasn't even mentioned.
mircea_popescu: if it were something anyone could do i wouldn't even have bothered doing it myself.
mircea_popescu: the barrier to entry however is a lot higher than getting a bunch of people talking.
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.41 BTC [+]
assbot: [HAVELOCK] [SDICE] 3 @ 0.36500015 = 1.095 BTC [+]
unbalanced_: "The New-York based startup seeks to bring to market advanced trading options that don’t exist in the current BTC market."
assbot: [HAVELOCK] [SDICE] 2 @ 0.36500014 = 0.73 BTC [-]
ezdiy: options part is super easy
ezdiy: margin, on the other hand is super hard
unbalanced_: Coinsetter may never pull it off, they could be full of fail.
ezdiy: because you need cover collateral for slippage
assbot: [BTCTC] [BTC-BOND] 1 @ 0.01 BTC [+]
ezdiy: margin calls are not 100%
unbalanced_: Meanwhile I think we'd all benefit from more liquidity and participants in MPEX.
ezdiy: how do i margin trade on mpex?
taub: mpex needs more users so it can start offering more competitive option prices
unbalanced_: I just want to broaden the base of MPEX users, I don't mean to be trollin'.
taub: right now it's lacking stupid investors
taub: thats why mp has to set option prices so high
ezdiy: anyone can issue options
taub: yea but nobody really bothers
ezdiy: as long they have capital to back it
taub: and partly because of lack of users i'd imagine
ezdiy: taub: anyone except the exchange should issue options i think :)
ezdiy: in the long run, i think traditional forex instruments are not really aplicable to bitcoin
pgp: a lot of talk from coinsetter
ezdiy: and some new ones will have to be invented
jcpham: how will it not just turn into a bucket shop
jcpham: especially with the margin trading
jcpham: wouldn't that be the most profitable enterprise?
ezdiy: bucket shop is legit
ezdiy: IF youre transparent
pgp: the thing about the higher progile companies in america is that they need to be mindful of likely regulation.
ezdiy: if you have "magical unicorn engine"
ezdiy: thats totally not transparent
pgp: coinsetter puts out all these press relesses about margin lending, which by the way, isn't rocket science...
ezdiy: some people think bucket shops are bad because it has no impact on actual market
ezdiy: people will try to manipulate price on mtgox
ezdiy: in favor of their option bets :)
pgp: but I'm not sure how they'll get around usuary laws in US...
taub: i'm not sure if it IS a buckt shop
taub: or just an actual exchange
pgp: max rate you can charge is 24%
pgp: margin goes for 10x that on bitfinex
taub: real trading runs on margin as well and isn't a bucketshop
ezdiy: taub: bucket shop means youre using spot price of different exchange than your own
jcpham: i kinda think if your position is large enough (on margin) and coinsetter can take advantage of it, it will
taub: is that what coinsetter wants to do?
jcpham: but mebbe thasa goos thing
ezdiy: there are strong laws in US against bucket shops
ezdiy: they'll most likely run full exchange
taub: I thought this was about coinsetter ;)
ezdiy: (mpex is actually a bucket shop btw :)
mircea_popescu: unbalanced_ well... so silicon angle doesn't do research. i had no idea they existed.
mircea_popescu: that piece looks like it cost a hundred bux. im not quite into giving obscure venues money for this "service" yet.
ezdiy: though i think bucket shops are legit in .ro so no issue here
pgp: running a full exchange in US is a risky proposition, in my view
mircea_popescu: <ezdiy> how do i margin trade on mpex? << you apply for it.
pgp: as well as acting as a broker to public
jcpham: free pokemon credits for everyone!
ezdiy: mircea_popescu: does not sound too open
ezdiy: mircea_popescu: but i guess you have a liquidity problem so you cant force liquidate positions
ezdiy: due to enormous slippage
mircea_popescu: pgp people like coinsetter are part of a lengthy tradition of dunning-kruger. the controlling example is one kludge, an out of work bank clerk who figured himself a banker
ezdiy: either way, you dont need trust to margin trade
ezdiy: just enough liquidity to have working margin calls
mircea_popescu: ezdiy no, it's designed specifically to keep people like you out actually.
mircea_popescu: clueless internet warriors who have definitive answers to things they read on wikipedia. i don't want to empower you folks.
mircea_popescu: go get in the wot, spend a year or more making sense, trade many many thousands of btc on mpex
ezdiy: basically margin trading is loans
jcpham: loans are basically gifts
ezdiy: in here because there is no other way
ezdiy: jcpham: supposedly not if you wot
jcpham: the people that borrow btc time and time again fail to repay
jcpham: regardless of reputation
ezdiy: well, apparently past reputation guarantees future reputation according to mircea_popescu
jcpham: mircea_popescu operates by his own made-up rules
jcpham: everyone is living in walled castles at this point
jcpham: don't loan your coins though for btc-only
jcpham: you may never see it again. insert fiat clause
assbot: [MPEX] [S.MPOE] 5300 @ 0.00070473 = 3.7351 BTC [+]
mircea_popescu: jcpham you know for the record i've not yet had problems with margined ppl.
jcpham: probably becuase your elitist attitude keeps away the trash?
ezdiy: white trash means liquidity
ezdiy: look at mtgox compared to mpex
jcpham: i bet vetting people with a large fee to play has been successful
ezdiy: mircea_popescu: so let me get this straight
mircea_popescu: jcpham if you only deal with peopel who understand the value of reputation you're more likely to survive for sure.
mircea_popescu: consider the situation of a supermarket. if you open one in africa you will have a bunch of shoplifters.
mircea_popescu: if you open one in manhattan nobody's going to bother.
jcpham: did you just call the internet africa?
ezdiy: mircea_popescu: if someone gets you 1000BTC, and you'll hold it as a guarantee
jcpham: or is the bitcoin community africa?
ezdiy: mircea_popescu: then hes trusted?
jcpham: i can understand the referece
Bugpowder: mircea_popescu's margin loans are very different than most BTC loans though, in that it is an accounting that is kept on servers he controls. Thus, the receiver has little opportunity to steal the coins and walk. If you loan coins and that hits the receiver's personal wallet.dat, you are just praying they come back.
ezdiy: mircea_popescu: true, in case of 1KBTC i'd have my own doubts regarding your put-call parity :)
mircea_popescu: this is true, mpex margin is quite different from most loan ops.
jcpham: seems like the funds would stay internal
mircea_popescu: ezdiy you know, there have been 10k btc single orders on mpex.
jcpham: anyway to "steal them"
jcpham: it isn't stolen until the blockchain says fuck you
unbalanced_: mircea_popescu: I concede. It's rude of me to walk into your house and criticize your wallpaper and the art on the walls.
unbalanced_: I just wanted MPEX to be more popular, but I get now that a) that
unbalanced_: b) it's growing exactly as fast as you want it to. If you want it to grow faster or slower, you know what to do better than I.
unbalanced_: New topic: the bot's option pricing algo. Is that a secret? Does it have to be?
jcpham: nah unbalanced_ he likes criticism
mircea_popescu: anyway. the bot's pricing algo is proprietary, yes. i don't see why it wouldn't be.
assbot: [MPEX] [S.MPOE] 10417 @ 0.0006988 = 7.2794 BTC [-]
ezdiy: hello bitcoinica :)
unbalanced_: Did the algo actually change mid-month, or did the spreads just widen due to volatility, still using the existing algo?
mircea_popescu: mostly the drop triggered what looks more like safety than actual pricing assumptions
mircea_popescu: anyway, i'd love to stay and chat but i'm due in some meetings. we continue later.
assbot: [HAVELOCK] [KCIM] 4 @ 1.2139 = 4.8556 BTC [-]
gribble: watching for another drop to low 90s, then re-evaluating ask depth and targets | updated by OneFixt at Apr 15 2013, 10:47 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 2 hours, 16 minutes, and 20 seconds ago
assbot: [MPEX] [S.MPOE] 58 @ 0.00070473 = 0.0409 BTC [+]
assbot: [HAVELOCK] [VTX] 3 @ 0.485 = 1.455 BTC [+]
assbot: [MPEX] [S.MPOE] 1250 @ 0.00070788 = 0.8849 BTC [+]
assbot: [MPEX] [S.MPOE] 4134 @ 0.00070848 = 2.9289 BTC [+]
assbot: [MPEX] [S.MPOE] 5066 @ 0.00071 = 3.5969 BTC [+]
assbot: [HAVELOCK] [VTX] 36 @ 0.485 = 17.46 BTC [+]
gribble: BTCUSD ticker | Best bid: 96.97801, Best ask: 96.99900, Bid-ask spread: 0.02099, Last trade: 96.97801, 24 hour volume: 139162.02515050, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.77353
gribble: There are currently 0 bitcoins offered at or under 0.0 USD, worth 0.0 USD in total. | Data vintage: 91.0591 seconds
gribble: There are currently 43723736 bitcoins demanded at or over 0.0 USD, worth 14483375.3202 USD in total. | Data vintage: 96.4113 seconds
gribble: There are currently 129652.19 bitcoins offered at or under 9999999.0 USD, worth 167037264.711 USD in total. | Data vintage: 117.6040 seconds
assbot: [BTCTC] [BTC-BOND] 451 @ 0.01 = 4.51 BTC [+]
gribble: BTCUSD ticker | Best bid: 97.05008, Best ask: 97.59899, Bid-ask spread: 0.54891, Last trade: 97.05007, 24 hour volume: 139241.84612092, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.77476
assbot: [MPEX] [S.MPOE] 5542 @ 0.00070751 = 3.921 BTC [-]
MJR_: bitcoinity looks prettier than usual
MJR_: is that just a simple moving average or a standard deviation?
MJR_: i guess its min/max value
assbot: [HAVELOCK] [KCIM] 5 @ 1.2139 = 6.0695 BTC [-]
unbalanced_: jcpham, anyone: Do you think a double auction exchnage as in the 247btc.com link above would get traction?
jcpham: based on what has been hapopening at gox
jcpham: some form of implementation might get a lot of traction
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.845 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 9 @ 0.855 = 7.695 BTC [+]
assbot: [MPEX] [S.MPOE] 4700 @ 0.00071 = 3.337 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.855 BTC [+]
taub: we believe that not only does high frequency trading not contribute to that purpose, but the way exchanges currently operate leaves the doors open for major manipulation.
taub: hft does contribute, but you can't even hft on any bitcoin exchaneg so i dont know why people keep bitching
assbot: [MPEX] [S.MPOE] 1150 @ 0.00071 = 0.8165 BTC [+]
Scrat: taub: what made me laugh is that in that "we are mtgox" reddit, a lot of people were like "please block the hft bots"
Scrat: so many clueless idiots
Scrat: apaprently hft is 0.1 trade per second with 400 ms gateway latency now
Scrat: its pretty evident by now that the gox "engine" does a linear scan of all orders (lol) and that takes around a second
assbot: [HAVELOCK] [SDICE] 1 @ 0.36500018 BTC [+]
assbot: [HAVELOCK] [SDICE] 1 @ 0.366 BTC [+]
assbot: [HAVELOCK] [HIM] 5 @ 1.66 = 8.3 BTC [-]
pgp: awfully quiet in here... and at mtgox...
assbot: [MPEX] [S.MPOE] 3600 @ 0.00071 = 2.556 BTC [+]
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO) {short: !t}
assbot: !last <exchange> <ticker> (desc: returns last price value, supported: MPEX, HAVELOCK, BTCTCO) {short: !l}
assbot: !mp <signcrypted dpaste.com url> (desc: returns the response from MPEX order)
assbot: !rules <nick/chan> (desc: chan guidelines) {short: !r}
assbot: !exchanges <nick/chan> (desc: lists exchanges and brokers) {short: !e}
assbot: Ah, your hair. Your hair is soft. It's like a girl's. Now how do you get it that way?
assbot: Your actions are useless.
BitHub: cant anyone just do a simple readable asset ticker?
assbot: [BTCTC] [CRYPTO-TRADE] 10 @ 0.2 = 2 BTC [+]
Namworld: I have my spreadsheet tools, should be able to fetch all data you need
Namworld: although the ticket thing ain't that hard to do
assbot: [MPEX:S.DICE] 1D: 0.00328066 / 0.00328088 / 0.004 (3177 shares, 10.42 BTC), 7D: 0.0027 / 0.00299526 / 0.00409999 (274814 shares, 823.14 BTC), 30D: 0.0027 / 0.00345678 / 0.005598 (1827298 shares, 6,316.58 BTC)
assbot: [HAVELOCK:SDICE] 1D: 0.36500009 / 0.3928556 / 0.42700000 (18 shares, 7.07140088 BTC), 7D: 0.12500000 / 0.31864108 / 0.42700000 (2182 shares, 695.27483395 BTC), 30D: 0.12500000 / 0.37594388 / 0.56789999 (7613 shares, 2862.06078669 BTC)
BitHub: why cant i just type !ticker Mpex and get a list of all the assets
Namworld: because it would put lots of stuff in the chat
troc: because that only works for mpex, others could cause a flood ?
BitHub: i don't know why its not featured in #bitcoin-market but okey
Namworld: You can use the formulas to fetch data using the APIs of various exchanges
BitHub: i need to check your site, its been a while :)
BitHub: feel like making one for me for .5btc? heh
MJR_: i thought kakobrekla had a ticker service already?
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.88 = 8.8 BTC [+]
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)
assbot: [MPEX:S.DICE] 1D: 0.00328066 / 0.00328088 / 0.004 (3177 shares, 10.42 BTC), 7D: 0.0027 / 0.00299526 / 0.00409999 (274814 shares, 823.14 BTC), 30D: 0.0027 / 0.00345678 / 0.005598 (1827298 shares, 6,316.58 BTC)
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.89998 BTC [+]
assbot: [HAVELOCK] [KCIM] 1 @ 1.2139 BTC [-]
BitHub: i checked the website but nothing
MJR_: not sure, that's what someone recommended to me before
BitHub: i need to track my portfolio
gribble: Next difficulty estimate | 8898397.1525 based on data since last change | 8824046.14459 based on data for last three days
assbot: [MPEX] [S.MPOE] 1600 @ 0.00070521 = 1.1283 BTC [-]
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10179 BTC [+]
Namworld: [11:28] <BitHub> i need to track my portfolio
BitHub: oh yeah i was just there
Namworld: BitFunder needs manual updating tho, no API yet
Namworld: and MPEx sharecount too, as there's no API for accounts
Namworld: But prices for MPEx can update live at least
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.88 = 2.64 BTC [-]
Namworld: Other than that, it can track BTCT.co, Havelock, BTC address balances
Namworld: and also convert the whole BTC value to USD using MtGox weighted average
BitHub: yeah nam i wanted bf as well :(
Namworld: yeah, they should have an API soon
Namworld: But anyway, for now it still works nicely for most of a portfolio
BitHub: btc-bond is your asset yeh?
pgp: volume in mkt is gone... REALLY quiet...
Namworld: demand is gone... but most don't want to sell yet
Namworld: since price doesn't go up, I expect demand from speculators to drop and ones still holding to start selling as prices slowly go down
Namworld: and reach a bottom in a few months
BitHub: going to play with this nam, thanks i'll send you a tip when finished
pgp: not a good sign... definately further to go down...
Bugpowder: Namworld: Yep... prices will hover for a few more days
Namworld: I could share the spreadsheet so you have make a copy, BitHub
Bugpowder: but as people lose hope... down it goes
Bugpowder: it was really stable at 15 for a long time
Scrat: ~40 for me, but wtf do I know
assbot: [MPEX] [S.MPOE] 1250 @ 0.0007054 = 0.8818 BTC [+]
Namworld: I'm sad I had most of my BTC value in my portfolio couldn't sell all at the top
Namworld: and 100 more at $80 just after MtGox reopened
Bugpowder: top to bottom of the last crash, scaled for this crash says $16.12 is the bottom.
Namworld: I didn't manage to grab back some low BTCs in the 60s before it bounced back
Namworld: Well now I'm sitting out for a few weeks
assbot: [HAVELOCK] [HIM] 1 @ 1.94 BTC [+]
Bugpowder: Sold my sprint on the pop this morning @ 7.29
Bugpowder: I just can't think of any asset class that is undervalued right now
Bugpowder: maybe european stocks and some US realestate
pgp: it will end in tears
Bugpowder: It will pop and Krugman will say we didn't print enough
pgp: krugman is a douche bag
pgp: you know, i always thought it strange that as a journalist/writer, he won the nobel for economics, which is almost exclusively awarded to academic types...
pgp: so now he banks on that credential from his left wing bully pulpit and it annoys the crap out of me...
Bugpowder: VGTSX looks undervalued relative to SPY
pgp: from that chart, perhaps
pgp: problem is world is slowing down, but apparently US is doing fine...
MJR_: yeah krugman is a retard
MJR_: The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax
MJR_: ^^^why he doesn't get bitcoin
MJR_: As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly.
assbot: [HAVELOCK] [SDICE] 3 @ 0.38579 = 1.1574 BTC [+]
Namworld: Before, people bought locally. Now, they buy more on the web. It shifted customers/services around. And I think mostly consolidated a few large companies, but that's just an impression I have. I'd need data to back it =/
taub: Krugman doesn't know shit, he still belives the broken window fallacy
taub: so I'm happy he is against bitcoin
MJR_: he hasn't actually done anything much of value...he hasn't produced much
taub: he's one of those types who openly says war is good for the economy etc
assbot: [HAVELOCK] [VTX] 1 @ 0.47 BTC [-]
MJR_: well...we do have north korea just begging for it
MJR_: and there is always iran
MJR_: who doesn't admit that afghanistan is getting old...
BitHub: i think alot of people still buy locally
BitHub: but i've noticed when there's a huge dip they'll hit the websites straight away because its quicker
BitHub: better off throwing yourself into the mainstream and charging 20% comissions
gribble: BTCUSD ticker | Best bid: 95.38000, Best ask: 95.49999, Bid-ask spread: 0.11999, Last trade: 95.38000, 24 hour volume: 140456.92501169, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.65965
assbot: [MPEX] [S.MPOE] 4300 @ 0.0007054 = 3.0332 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.888 = 2.664 BTC [+]
gribble: BTCUSD ticker | Best bid: 95.22101, Best ask: 95.92000, Bid-ask spread: 0.69899, Last trade: 95.92000, 24 hour volume: 140774.22839093, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.64984
pgp: mt gox is like watching paint dry...
gribble: watching for another drop to low 90s, then re-evaluating ask depth and targets | updated by OneFixt at Apr 15 2013, 10:47 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 5 hours, 45 minutes, and 30 seconds ago
assbot: [BTCTC] [ASICMINER-PT] 17 @ 0.888 = 15.096 BTC [+]
pgp: finally, a little movement
jborkl: I did it, dont get too excited
Bugpowder: it is going to sell off before I can dump the rest of my coins.
pgp: markets taken a beating, too
pgp: LONG overdue selloff in US equity markets..
jborkl: wow -gold down to 1300's
assbot: [HAVELOCK:HIM] 1D: 1.42200000 / 1.74224 / 1.95000000 (50 shares, 87.11200000 BTC), 7D: 0.75000001 / 1.43097842 / 1.95000000 (329 shares, 470.79190011 BTC), 30D: 0.75000001 / 1.69665608 / 2.08000000 (822 shares, 1394.65130041 BTC)
assbot: [MPEX] [S.MPOE] 7489 @ 0.0007054 = 5.2827 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.48 BTC [+]
gribble: Error: "nodes" is not a valid command.
gribble: BTCUSD ticker | Best bid: 93.97329, Best ask: 94.00000, Bid-ask spread: 0.02671, Last trade: 94.00000, 24 hour volume: 143971.50098586, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.53419
gribble: There are currently 0 bitcoins demanded at or over 99.0 USD, worth 0.0 USD in total. | Data vintage: 0.0042 seconds
jborkl: it is breaking support and the chart looks sickly
pgp: agreed.. rolling over...
Bugpowder: someone else needs to take over from here
jborkl: if we get below 85 then I expect lower from here
pgp: once 92 drops it'll fall quickly to 80's
jborkl: massive dumping trades
jborkl: Bugpowder was that you?
jborkl: Lol, just let me know right before you rebuy
Namworld: If I had my whole porftolio value in BTC available to sell at 250
jcpham: i may have bought some $180 coins during that fiasco
jcpham: and i may have sold them at $260
gribble: BTCUSD ticker | Best bid: 89.01167, Best ask: 89.16000, Bid-ask spread: 0.14833, Last trade: 89.16000, 24 hour volume: 155047.46636155, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.29122
topace: so weird, i always expect monday the price to go up based on our volume on canadianbitcoins
pgp: lot's of spoofing going in this market, methinks...
jborkl: have you seen how the mpex bot is pricing put/call
pgp: puts > 1BTC you mean?
pgp: not all calls, only some... ALL puts > 1
pgp: bond holders want too high of a return
pgp: bot licking wounds...
assbot: [HAVELOCK] [VTX] 2 @ 0.455 = 0.91 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.45 = 0.9 BTC [-]
assbot: [HAVELOCK] [VTX] 1 @ 0.45 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 4 @ 0.8725 = 3.49 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 6 @ 0.865 = 5.19 BTC [-]
assbot: [MPEX] [S.MPOE] 5800 @ 0.00070521 = 4.0902 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.865 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8602 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8602 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.86 = 4.3 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 2 @ 0.857 = 1.714 BTC [-]
assbot: [MPEX] [S.MPOE] 2150 @ 0.00070521 = 1.5162 BTC [-]
assbot: [MPEX] [S.MPOE] 4047 @ 0.0006988 = 2.828 BTC [-]
assbot: [BTCTC] [S.DICE-PT] 1 @ 0.00428 BTC [+]
assbot: [BTCTC] [S.DICE-PT] 7 @ 0.00428 = 0.03 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 10 @ 0.888 = 8.88 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.88998 BTC [+]
gribble: BTCUSD ticker | Best bid: 90.12101, Best ask: 90.88899, Bid-ask spread: 0.76798, Last trade: 90.88900, 24 hour volume: 160856.43420830, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.03216
gribble: expecting to test 95.5, then to test 100 if 95.5 breaks| updated by OneFixt at Apr 15 2013, 17:49 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 27 minutes and 45 seconds ago
assbot: [HAVELOCK] [VTX] 1 @ 0.46 BTC [+]
gribble: BTCUSD ticker | Best bid: 91.19000, Best ask: 91.49999, Bid-ask spread: 0.30999, Last trade: 91.50000, 24 hour volume: 161115.30989828, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.02022
gribble: smickles was last seen in #bitcoin-assets 1 week, 4 days, 2 hours, 43 minutes, and 4 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: expecting to test 95.5, then to test 100 if 95.5 breaks| updated by OneFixt at Apr 15 2013, 17:49 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 36 minutes and 50 seconds ago
assbot: [HAVELOCK] [SDICE] 3 @ 0.36600002 = 1.098 BTC [-]
assbot: [HAVELOCK] [SDICE] 9 @ 0.36600001 = 3.294 BTC [-]
assbot: [HAVELOCK] [SDICE] 1 @ 0.36600001 BTC [-]
gribble: BTCUSD ticker | Best bid: 90.99998, Best ask: 91.49999, Bid-ask spread: 0.50001, Last trade: 91.50000, 24 hour volume: 161606.23154635, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 93.99775
tk993: -----BEGIN PGP PUBLIC KEY BLOCK-----
tk993: Version: OpenPGP.js v.1.20130228
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tk993: fawlsI9g0GY9XFbnbtDspu/SeQIJ4LSU0i2PmW7Wk6NAG9NK8LLD1xyQyhvv
tk993: zr7vMEzh/RTQ+gRE70rwG5dDtfv90ns3TLD+bUS7dv7DRNkxqrDaSPIlUt8t
tk993: ZLGZABEBAAHNH1R5bGVyIEFiZW5zIDxUQ0FiZW5zQGdtYWlsLmNvbT7CnAQQ
tk993: AQIAEAUCUWxD+gkQeozgH8i9jjcAAKKFBACQWYk1NDmDwEcGuAlF3n1SzwI/
tk993: NRFwdc2Q0NMsPbg8e6AyM9DnfgURYVN/ljFYy3plMBy+CJ31h22A8i/pktbz
tk993: X1yWiaYHNpXsPliPef9nDI5kBo7tsURktDrEy1xe52DaMH7ClNDgW1OnqFVX
tk993: wrong window, sorry
assbot: [HAVELOCK] [SDICE] 2 @ 0.366 = 0.732 BTC [-]
assbot: [HAVELOCK] [SDICE] 10 @ 0.36600003 = 3.66 BTC [+]
gribble: BTCUSD ticker | Best bid: 92.50003, Best ask: 93.00000, Bid-ask spread: 0.49997, Last trade: 93.00000, 24 hour volume: 163163.82299830, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 93.94272
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.8899 BTC [-]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.88999 BTC [+]
gribble: MtGox lag is 0.550961 seconds. During this time, light travels 0.00110411967513 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
assbot: [MPEX] [S.MPOE] 2111 @ 0.0007054 = 1.4891 BTC [+]
assbot: [MPEX] [S.MPOE] 9498 @ 0.00071 = 6.7436 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 11 @ 0.89 = 9.79 BTC [+]
gribble: There are currently 9498.067 bitcoins offered at or under 99.0 USD, worth 920456.340518 USD in total. | Data vintage: 0.0033 seconds
gribble: There are currently 1588.4914 bitcoins demanded at or over 90.0 USD, worth 143371.686688 USD in total. | Data vintage: 11.5109 seconds
gribble: There are currently 28364.908 bitcoins demanded at or over 80.0 USD, worth 2402240.82237 USD in total. | Data vintage: 17.5698 seconds
assbot: [MPEX] [S.MPOE] 3052 @ 0.0006988 = 2.1327 BTC [-]
gribble: There are currently 43699603 bitcoins demanded at or over 0.0 USD, worth 14291166.8035 USD in total. | Data vintage: 0.0084 seconds
assbot: [BTCTC] [ASICMINER-PT] 3 @ 0.89 = 2.67 BTC [+]
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.88999 BTC [-]
jcpham: boston bomb scare now too
jcpham: how do bomb scares effect markets?
pgp: wow VIX up 40% today
assbot: Shit. You ain't even old enough to smoke.
assbot: Last trade for VTX on HAVELOCK was at 0.46 BTC [+]
pgp: 16.60 last.. 12.01 friday close
pgp: S&P volatily index...
Bugpowder: damn... I think my sister is running boston.
assbot: [BTCTC] [ASICMINER-PT] 5 @ 0.89 = 4.45 BTC [+]
MJR_: gold, silver and bitcoins are down
MJR_: what is the world coming to?
kakobrekla: i havent been paying close attention just got the word, no numbers included
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.41 BTC [+]
assbot: [MPEX] [S.MPOE] 6800 @ 0.00069917 = 4.7544 BTC [+]
assbot: [BTCTC] [GOLD] 4 @ 0.138 = 0.552 BTC [+]
assbot: [BTCTC] [GOLD] 1 @ 0.138 BTC [+]
MJR_: and this one was like poetry to my ears
assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.10179 BTC [+]
MJR_: whats new Bugpowder, you got any altcoins going?
Bugpowder: sold the last 25% this morning at 94
Scrat: tanking on a monday... I guess it really is fulfilling the prophecy
MJR_: but also i was asking about altcoins
MJR_: so you are completely back to fiat?
MJR_: well that is still pretty nice
Scrat: he is preparing for the next hype cycle :p
MJR_: i think things are going to get more stable
MJR_: and we will see a lot better sites out there
MJR_: slow steady growth back to 200
MJR_: thats what i expect for the rest of 2013
Bugpowder_: and for long term at 32, 26, 21, 16, 13, 11
pgp: there will be significant bounces on the way down, but down we must go
Bugpowder_: My coins were from $2.65 on the last bottom
Bugpowder_: If you want the 100x return, you need to be near the bottom
Scrat: stability is very much needed
Scrat: im not a big merchant or anything but when the price is stable I get 10 times more payments
Bugpowder_: when you start seeing the post-mortem articles on the rise fall rise and final death of bitcoin, THAT'S when you buy.
TomServo: Jumping in late here, what happened that makes you guys think you'll see $11 again?
Bugpowder_: plus or minus a few days, I don't really remember
TomServo: Man, I forget that the fall from 32 to 5ish took several months.
unbalanced: Cripes just saw the news... if anyone's in Boston hope you and yours are okay.
pgp: I think 32ish, the old high, lots of resistence getting through it - i think it'll represent significant support.
Bugpowder_: there will be plenty of infrastructure growth till then
Bugpowder_: so 32. But often there is undershoot when a bubble pops
gribble: BTCUSD ticker | Best bid: 87.51100, Best ask: 87.51101, Bid-ask spread: 0.00001, Last trade: 87.50000, 24 hour volume: 163207.51950014, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 93.43970
pgp: we'll see - i also think that bottom formation has a lot to do with velocity
pgp: but it'll be hard to do when gox breaks again - lol
Bugpowder_: man, if today was the top on the SP500 too, tiberiusiv's gloating is going to be so fucking annoying.
gribble: expecting to test 93, then to test 98 if 93 breaks, then testing 100 and targetting 103-105 | updated by OneFixt at Apr 15 2013, 18:43 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 1 hour, 35 minutes, and 20 seconds ago
assbot: [MPEX] [S.MPOE] 1950 @ 0.00069917 = 1.3634 BTC [+]
pgp: what's his deal anyway? very aggressive on chat...
Bugpowder_: I bought some international stock funds today
gribble: BTCUSD ticker | Best bid: 87.52001, Best ask: 87.99999, Bid-ask spread: 0.47998, Last trade: 88.00000, 24 hour volume: 163150.78113255, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 93.41196
gribble: There are currently 20414.097 bitcoins demanded at or over 80.0 USD, worth 1703773.20849 USD in total. | Data vintage: 0.0046 seconds
gribble: There are currently 20556.668 bitcoins offered at or under 100.0 USD, worth 1988149.39395 USD in total. | Data vintage: 8.0104 seconds
ThickAsThieves: at what price does mining difficulty start to go down?
Scrat: if you look at '11
pgp: i suppose it all about marginal electricity at that point, unless you're renting your mining hardware...
Scrat: and now with asics it's going to be even less pronounced
Scrat: because noone will be unplugging them
ThickAsThieves: i guess if avalon was thinking about not selling to the public anymore, this seals that deal
pgp: chart not looking so good... I think it starts to accellerate here...
jborkl: and i predict this is where mtgox starts lagging out for the rest of the day
deadweasel: i know they got hacked for fiat in sept... but it's not like you can just magically get cash into an exchange when you need it.
pgp: deadweasal: i think so
deadweasel: is there a better way to handle the fiat@exchange problem?
pgp: they we hacked for BTC
deadweasel: so fiat was untouched, because it's digital and traceable?
pgp: really hard to steal fiat - period...
Scrat: deadweasel: well, banks will insure you for unauthorized transactions
pgp: fraudulant transactions can be reversed
gribble: BTCUSD ticker | Best bid: 85.50001, Best ask: 85.70000, Bid-ask spread: 0.19999, Last trade: 85.70000, 24 hour volume: 165090.90853723, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 93.14763
deadweasel: yeah, alright. I won't be wiped out if someone takes my cash, but i'd prefer not. thx for the input.
deadweasel: btw, anybody know what exactly exploded at the boston marathon today?
assbot: [BTCTC] [ASICMINER-PT] 1 @ 0.89 BTC [+]
ThickAsThieves: not much known yeat deadweasel, two bombs in buildings by finish line, more possible lame bombs found
assbot: [MPEX] [S.MPOE] 986 @ 0.00071 = 0.7001 BTC [+]
assbot: [MPEX] [S.MPOE] 3564 @ 0.00071073 = 2.533 BTC [+]
assbot: [MPEX] [S.DICE] 1 @ 0.004 BTC [+]
gribble: There are currently 43609509 bitcoins demanded at or over 0.0 USD, worth 13193804.0522 USD in total. | Data vintage: 0.0088 seconds
gribble: There are currently 160834.57 bitcoins offered at or under 1e+13 USD, worth 1.41067200249e+13 USD in total. | Data vintage: 3.4524 seconds
gribble: BTCUSD ticker | Best bid: 86.46109, Best ask: 86.68000, Bid-ask spread: 0.21891, Last trade: 86.68000, 24 hour volume: 167132.72055536, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 92.82566
assbot: [HAVELOCK] [KCIM] 2 @ 1.22 = 2.44 BTC [+]
assbot: [MPEX] [S.DICE] 1000 @ 0.00409989 = 4.0999 BTC [+]
assbot: [MPEX] [S.DICE] 1500 @ 0.00409991 = 6.1499 BTC [+]
gribble: There are currently 11596.617 bitcoins offered at or under 95.0 USD, worth 1061084.76118 USD in total. | Data vintage: 75.6159 seconds
assbot: [MPEX] [S.DICE] 1000 @ 0.00409995 = 4.1 BTC [+]
Bugpowder_: clearly the bounce is being front run a bit
gribble: BTCUSD ticker | Best bid: 86.24000, Best ask: 86.34999, Bid-ask spread: 0.10999, Last trade: 86.35000, 24 hour volume: 167118.49060236, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 92.82210
kakobrekla: im down for a fire and a couple of songs
assbot: [HAVELOCK] [SDICE] 1 @ 0.37 BTC [+]
assbot: [BTCTC] [GSDPT] 1544 @ 0.003734 = 5.7653 BTC [+]
assbot: [BTCTC] [GSDPT] 54 @ 0.00392 = 0.2117 BTC [+]
assbot: [BTCTC] [GSDPT] 1007 @ 0.004 = 4.028 BTC [+]
assbot: [BTCTC] [GSDPT] 106 @ 0.004 = 0.424 BTC [+]
assbot: [HAVELOCK] [SDICE] 2 @ 0.37 = 0.74 BTC [+]
assbot: [MPEX] [S.MPOE] 8750 @ 0.00071199 = 6.2299 BTC [+]
gribble: expecting to test 93, then to test 98 if 93 breaks, then testing 100 and targetting 103-105 | updated by OneFixt at Apr 15 2013, 18:43 UTC ( tips:
http://bit.ly/YnxUM4 ) | disclaimer:
http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 2 hours, 16 minutes, and 16 seconds ago
gribble: MtGox lag is 0.18639 seconds. During this time, light travels 0.000373523473074 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
gribble: There are currently 12461.383 bitcoins demanded at or over 80.0 USD, worth 1025539.32766 USD in total. | Data vintage: 16.3550 seconds