mircea_popescu: jamespeerless i'm trying to build bitcoin into an actual thing.
BingoBoingo: jamespeerless: A great gambling website. I've won moar there than I lost on Satoshidice.
ThickAsThieves`: maybe bitbet should have a setting for each bet for rate of weight loss
mircea_popescu: we cut it out, because curve notation is more than the average person can grok mentally
☟︎ snackman: mircea_popescu: are you satoshi?
mircea_popescu: and having it graphical turned out to be insanely difficult.
snackman: mircea_popescu: if you are, i take everything back, the megalomania is justified
mike_c: same rationale as 3-way resolutions
snackman: mircea_popescu: so that's a yes
BingoBoingo: ThickAsThieves`: What's next? Allowing bet creators to specify elliptic curves the bet weight passes through as it degrades over time?
mircea_popescu: ThickAsThieves` what's wrong with just setting the weight end point to 80k or w.e ?
dub: appears we are past acceptance and into the dick slurping phase of grief
mircea_popescu: ThickAsThieves` and you wanteds me to implement splines.
snackman: mircea_popescu: this entire escapade of mine was to test your style
snackman: and what i assumed was confirmed beyong expectation
snackman: beyond*, as typos are made when you're excited
Duffer1: if true then your actions are too meta for me to grock..
mircea_popescu: Duffer1 it probably has something to do with post communism.
Duffer1: oh lawd you're not helping mp lol
BingoBoingo: snackman: The simple answer is to get your bets in much earlier. As close to opening as possible. Just draw a bullseye on a piece of paper and jack off. If more cum is on the right bet yes. On the left bet no.
snackman: mircea_popescu: not being engrained into mainstream economics by birth certainly helped you
snackman: BingoBoingo: the conversation moved on, screw the play money, i have a much bigger fish to catch
benkay: snackman: fishing for buttcorns?
ThickAsThieves`: sending an email to wikimedia re: donation request pop-up:
BingoBoingo: mircea_popescu: Maybe? Maybe instead of the paper bullseye though I hire a pair of tits. I'm trying to imagine snackman's budget though.
snackman: benkay: i have enough, thank you. i got in early
benkay: snackman: your aggro over 10 seems unwarranted then
mircea_popescu: it's incredible how many people that got in early showed up late.
BingoBoingo: snackman: Actually in IRC everything is roughly on topic for at least 24 hours after it was last mention provided you scroll up
benkay: snackman holds all the buttcorns. it's his private pre-mined altcoin, mircea_popescu, not actual bitcoins.
snackman: benkay: please read the last 5 minutes. the entire thing was an act, carefully orchestrated, and mircea_popescu fell for it graciously
benkay: that's what he means by "got in early"
BingoBoingo: mircea_popescu: To be fair before you showed it was pretty much just the dev circle jerk and the Silk Road honey pot
BingoBoingo: snackman: I'll give you 5,000,000 Satoshis for a sharpie in the pooper pic with BB written on your asscheeks
snackman: BingoBoingo: the address is up there
BingoBoingo: snackman: It honestly is seeming now like nothing is yours, but the cold embrace of nothingness. How is the void?
assbot: [HAVELOCK] [CBTC] 10090 @ 0.0001011 = 1.0201 BTC [-] {2}
dub: ThickAsThieves`: considering half of wikimedia corp is gmaxwells sausage wallet, they've probably consdired it
snackman: he who own's the keys owns the coins. and he who own's the void owns...
dub: clearly it didnt rustle jimmies jimmies
assbot: [HAVELOCK] [NEOBEE] 936 @ 0.00278769 = 2.6093 BTC [-] {2}
BingoBoingo: snackman: Nah, for that you'd have to check someone's freezer
snackman: BingoBoingo: why do you think that?
snackman: BingoBoingo: why actually kill him to prevent his coins from crashing the market? why not just delete his keys?
BingoBoingo: snackman: Dude invented a cryptocurrency and was paranoid as fuck? Satoshi is probably mooching off of pizza rolls someone else's mom bought
snackman: BingoBoingo: i thought you meant in someone's freezer meant dead
BingoBoingo: snackman: Who the fuck are you Jeffery Damer?
dub: he certainly eats some penus
BingoBoingo: mircea_popescu: Moar like not ratchet enough...
ozbot: Urban Dictionary: ratchet
snackman: mircea_popescu: i lived long enough to witness your birth
snackman: ;;ud subhuman romanian nigger scum
ozbot: Urban Dictionary: kike
snackman: mircea_popescu: haha where did you get that pic?
jamespeerless: mircea_popescu: why have separate addresses for each bet instead of just a single address that holds bets for YES and NO?
ozbot: #bitcoin-assets log
BingoBoingo: jamespeerless: So people can continue betting on the same position
jamespeerless: mircea_popescu: can't you read the from address in the transaction block?
mircea_popescu: you can but you don't want to, because this way people can send from webwallets or w/e
BingoBoingo: Sometimes you wanna hedge. Sometimes you wanna take all of the position.
jamespeerless: why can't they send from web wallets if you did a single address per bet option
assbot: [HAVELOCK] [AM1] 45 @ 0.33513812 = 15.0812 BTC [-] {3}
mircea_popescu: cause if 5 peopel sent from the same wallet to the same bet your identifiocation scheme would fail
mircea_popescu: also because if i sent the winnings to the address that sent the bet people would end up fucked if they sent from a wallet.
mircea_popescu: (as most wallets don't have any way to associate their payment system to their users)
assbot: [HAVELOCK] [NEOBEE] 2539 @ 0.0028 = 7.1092 BTC [+]
jamespeerless: hm I guess I don't understand "wallets" enough then.. i thought an address was an address
snackman: even mike_c didn't send his promised coins
mircea_popescu: not practical for a web wallet to allocate addresses to users
jamespeerless: seems like most wallets let you generate receiving addresses though
mircea_popescu: receiving yes. but they pay from wherever is convenient.
snackman: mircea_popescu: what a jew indeed
Vexual: i just went to my local casino and tried betting after the bell. Apparently the chips go to the house.
snackman: maybe i will meet him in the synagoge on saturday
BingoBoingo: ThickAsThieves`: Who doesn't spread their coins over at least 7 places?
assbot: [HAVELOCK] [NEOBEE] 250 @ 0.00288 = 0.72 BTC [+]
snackman: mircea_popescu: btw, how much did you cash out?
assbot: [HAVELOCK] [NEOBEE] 76 @ 0.00289 = 0.2196 BTC [+]
BingoBoingo: Unless we get into some weird gnostic Bitcoin theology where Amir Taaki was Satoshi/Jesus and then gave himself downs syndrome to hide his secret.
BingoBoingo: mircea_popescu: At some point he/she/monkeyfuckingapig was...
Vexual: vd in the orginal code?
benkay: well gosh snackman read the log for the past 10 days then you might have a clue as to the references
BingoBoingo: Considering earlier references in this channel has anyone seen Amir's hair yet?
ozbot: IceDrill.ASIC: a DigiMex project
kakobrekla: i liked the .io a lot cause of the jupiters moon
mircea_popescu: kakobrekla ya but then they went and inputsio'd all over it
mod6: i used Io once as a a scabble word and was rejected :(
mircea_popescu: (dunno if that cognate works in somalian. to enstinken)
BingoBoingo: Well, we will know when we've hit forbidden territory when .Europa happens.
ozbot: IceDrill.ASIC: a DigiMex project
ozbot: IceDrill.ASIC DC visit
dexX7: and are waiting for hashfast units
BingoBoingo: The only problem with HAL is that the contractor's specs insisted he be programmed to run on a Java Virtual Machine
Kleeck_: ThickAsThieves`, are you joking about HashFast scamming?
Kleeck_: No. You are current with the times.
Kleeck_: I could walk into my datacenter and snap a bunch of awesome pictures. It doesn't mean I'm mining a damn thing.
Kleeck_: ThickAsThieves`, any data that lead you that direction? I have no skin in that game, but I've wondered. It's just a hunch.
mike_c: snackman: have some faith! my wallet is sync'ing. you'll have it soon.
mike_c: transactions aren't instantaneous you know ;)
dexX7: hashfast is not shipping/delayed more than a month now
Kleeck_: Don't they have a compensation program?
dexX7: they have some strange refund policies, if you mean that
snackman: ThickAsThieves`: why is hashfast scamming?
Kleeck_: The cost of being legit is far less appealing than the old "cut and run" I'd assume.
mircea_popescu: asciilifeform originally this started as a hobbyst project.
mircea_popescu: consequently, the first fpga's were pretty much a potluck affair
mircea_popescu: it was stretched past its usability into insanity by a desperate desire and need for stability. bitcoin doesn't offer much of that,
mircea_popescu: that's pretty much the story of how we ended up with the insanity.
Kleeck_: There is some truth to that, mircea_popescu.
mircea_popescu: there's a lot of truth to it. let's lay it out : bozo comes in when bitcoin is 1 year old, can start a reputation within a week and be doing business within am onth.
mircea_popescu: two years later, he needs to be 1 year+ old to be even considered, because now bitcoin is 4 years old.
BingoBoingo: Seems for Litecoin devotees this insanity is going to be magnified as CoinDesk has just reprinted so many people's "press releases" about impending litecoin ASICs and if a single manufacterer delivers it will have meant Litecoin skipped that awkward FPGA adolescence while still staying a fraction of a fraction of bitcoin
mircea_popescu: he goes on forum as a week old and is shocked at how mean people are, telling him to do 6 motynhs + of reading before he opens his mouth again
mircea_popescu: somewhere in there he failed to account for the fact that having kept his reputation intact for those two years is just about as valuable as having kept his bitcoins for two years.
assbot: [HAVELOCK] [NEOBEE] 830 @ 0.00289 = 2.3987 BTC [+]
mircea_popescu: in fact, everyone evaluates their bitcoin exposure in terms of what their bitcoin holdings are. this is about half the story.
mircea_popescu: BingoBoingo i dunno that anyone will ever deliver ltc asics. putting all that memory on a chip is not trivial.
assbot: [HAVELOCK] [NEOBEE] 568 @ 0.00289784 = 1.646 BTC [+] {3}
mircea_popescu: ironically because of scrypt, fpgas are actually a much better choice for ltc than asics
BingoBoingo: mircea_popescu: Well I figure for some unknow n^th announcement one person or group will inevitably be crazy enough to produce the asics
assbot: [HAVELOCK] [NEOBEE] 294 @ 0.0029 = 0.8526 BTC [+]
mircea_popescu: if such things were a function of people's crazyness...
assbot: [HAVELOCK] [NEOBEE] 78 @ 0.0029 = 0.2262 BTC [+]
mircea_popescu: things like "some chick is crazy enough to produce a pic of a large wooden object stuck in her snatch" is one thing
BingoBoingo: For all we know the person bankrolling LTC ASICs could be Curt Schilling and the Engineer could be some kid he picked on in highschool who merely has to fulfill the objective of making any LTC capable scrypt ASIC at all. Not necessarily anything close to a profitable scrypt asic.
assbot: [HAVELOCK] [NEOBEE] 392 @ 0.0029 = 1.1368 BTC [+]
cazalla: thought Curt Schilling was bankrupt after his no show mmorpg
BingoBoingo: I may have plenty of beard, but I'll be damned if my tits are bigger than a grown man named Oliver's.
cazalla: i don't know if any of you played EQ but Curt Schilling was a regular on fohguild forums
ManSnack: cazalla: That dork probably plays WoW too.
assbot: [HAVELOCK] [NEOBEE] 47 @ 0.0029 = 0.1363 BTC [+]
snackman: mike_c: you scammed me out of 1000 uBTC
snackman: i'm getting scammed left and right
Vexual: coz cant launder 10000 btc on one chain
snackman: mike_c: hilarious, it worked! thanks!
mike_c: double the promised sum because i loved your answer
mike_c: the "yes, i placed more bets on bitbet"
ozbot: 707408283.05150 | Next Diff in 1231 blocks | Estimated Change: 24.8029% in 6d 10h 9m 7s
snackman: the first time i actually got some money out of bitbet
assbot: [HAVELOCK] [NEOBEE] 103 @ 0.0029 = 0.2987 BTC [+]
assbot: [HAVELOCK] [VTX] 10 @ 0.1558366 = 1.5584 BTC [-] {4}
mike_c: i'm not bitbet, but you're welcome.
assbot: [HAVELOCK] [CBTC] 8176 @ 0.00012548 = 1.0259 BTC [+] {5}
mircea_popescu: twist : snackman scammed mike_c by falsely claiming to have placed more bitbets
BingoBoingo: Also scammed mike_c's betting counterparty
Vexual: legals will be disproportinally large on 0.001
assbot: [HAVELOCK] [AM1] 3 @ 0.34796684 = 1.0439 BTC [+] {3}
mike_c: i sent him 0.002, so it will be worth litigating in a year.
Vexual: just have your lawyer do the photocopying at your office
dub: dat snackman is a weird one
assbot: [HAVELOCK] [CBTC] 4000 @ 0.000125 = 0.5 BTC [-]
mpexbot: mike_c: An error has occurred and has been logged. Please contact this bot's administrator for more information.
assbot: [MPEX] [S.MPOE] 5300 @ 0.00081201 = 4.3037 BTC [-] {2}
mpexbot: snackman: An error has occurred and has been logged. Please contact this bot's administrator for more information.
mpexbot: mod6: S.MPOE 1 day: average: 0.0008105 high: 0.00081642 low: 0.00078278 volume: 134803 btc: 109.25742952 7 day: average: 0.00080006 high: 0.0008476 low: 0.00078278 volume: 1375619 btc: 1100.57443755 30 day: average: 0.00081815 high: 0.00088996 low: 0.0007725 volume: 5988106 btc: 4899.16264344
assbot: [HAVELOCK] [AM100] 42 @ 0.0031412 = 0.1319 BTC [-]
assbot: [MPEX] [O] [O.USD.P140T] 450 @ 0.0308001 = 13.86 BTC [-]
assbot: [HAVELOCK] [CBTC] 1124 @ 0.00012599 = 0.1416 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 35 @ 0.0029 = 0.1015 BTC [+]
assbot: [HAVELOCK] [CBTC] 1076 @ 0.0001269 = 0.1365 BTC [+]
assbot: [HAVELOCK] [KCIM] 3 @ 0.125 = 0.375 BTC [+]
dub: snackman: your little routing in #bitcoin
assbot: [HAVELOCK] [AM1] 1 @ 0.34099 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.34601 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34198 BTC [-]
dub: <snackman> 16TNs3DYjkGZrnEW4KV7ust6sWU3Esk7eW this address just got 0.002 btc
dub: <snackman> it's my address
dub: <snackman> but i don't know from who i got it
dub: <snackman> i never published it
dub: <snackman> it's creepy as f*ck
dub: shortly after mike_c's tx hit
Namworld: I sometimes get random dust/BTC
dub: true to form the usual tard brigade took the bait, gmax and phantomcircuit
assbot: [HAVELOCK] [AM1] 1 @ 0.33899 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.34400001 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.3379999 BTC [-]
assbot: [MPEX] [S.MPOE] 7350 @ 0.00080929 = 5.9483 BTC [-]
Duffer1: there's no end to bitcoin drama
assbot: [HAVELOCK] [CBTC] 3473 @ 0.00012759 = 0.4431 BTC [+] {3}
Duffer1: only if it's not you directly involved with it :( :( :( :(
assbot: [HAVELOCK] [CBTC] 2492 @ 0.00013 = 0.324 BTC [+]
assbot: [HAVELOCK] [CBTC] 17910 @ 0.00011607 = 2.0788 BTC [-] {3}
mike_c: mpex bot must be a little butthurt from last month :) lot size is 0.1 now but it still quotes for 1000 contracts
assbot: [HAVELOCK] [NEOBEE] 38 @ 0.00289999 = 0.1102 BTC [+] {2}
gribble: Nick 'BingoBoingo', with hostmask 'BingoBoingo!~BingoBoin@unaffiliated/bingoboingo', is identified as user BingoBoingo, with GPG key id 309BB8D7F3251143, key fingerprint ADD7A9A28F85E5EF1F51904F309BB8D7F3251143, and bitcoin address None
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.
assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]
gribble: Nick 'KRS|gotyawallet', with hostmask 'KRS|gotyawallet!~foo@c-50-143-86-143.hsd1.fl.comcast.net', is not identified.
assbot: [HAVELOCK] [AM1] 15 @ 0.348425 = 5.2264 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 10445 @ 0.00080922 = 8.4523 BTC [-] {2}
dub: wonder if there is any research into encouraging them
ozbot: Do You Know Your Crypto Currencies? - YouTube
BingoBoingo: asciilifeform: Maybe you linked this, but I recall finding a paper on how SPARC chips can leak RSA keys given an attacker feeding the system sertain kinds of voltage fluctuations.
BingoBoingo: Well, the Cardano uses a battery for a reason...
dub: still seems like a rather larger collision space than some well known short domain names
assbot: [HAVELOCK] [NEOBEE] 70 @ 0.00289999 = 0.203 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
dub: strangled by out of control neckbeard
dub: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles
dub: in my world its always fun to see new players flapping about random ECC error alarms
assbot: [HAVELOCK] [NEOBEE] 69 @ 0.00289999 = 0.2001 BTC [-]
dub: the look on their face when they find out you weren't joking when you said 'cosmic rays'
assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 210 @ 0.00289999 = 0.609 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 10700 @ 0.00081141 = 8.6821 BTC [+]
assbot: [HAVELOCK] [AM100] 62 @ 0.00315 = 0.1953 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 45 @ 0.002899 = 0.1305 BTC [-]
assbot: [MPEX] [S.MPOE] 4100 @ 0.00081379 = 3.3365 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 155 @ 0.0028999 = 0.4495 BTC [+]
assbot: [HAVELOCK] [AM100] 50 @ 0.00327958 = 0.164 BTC [+] {6}
assbot: [HAVELOCK] [NEOBEE] 76 @ 0.0029 = 0.2204 BTC [+]
assbot: [HAVELOCK] [VTX] 4 @ 0.1501275 = 0.6005 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 198 @ 0.00289999 = 0.5742 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34883791 BTC [+]
assbot: [HAVELOCK] [AM1] 4 @ 0.34883941 = 1.3954 BTC [+] {3}
assbot: [HAVELOCK] [AM1] 2 @ 0.34883993 = 0.6977 BTC [+]
Namworld: Can anyone remind me why I have to run after people to pay them hundreds or thousands of dollars? or even 10000s for a few people?
BingoBoingo: Namworld: Because your worth as a person is only worth the reputation attached to your Public keys?
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00289999 = 0.145 BTC [-]
BingoBoingo: It may have been prudent to write a contract before starting these things limiting your responsibility so you aren't pursuing this Sisyphean task until death?
Namworld: 1KyzwMAYUcUGwF8rs3CZdwgmVcDZ543U7x
BingoBoingo: If we are just pasting addresses 1LvCuntsJyFFQsLuJhBXBPokbQa7SAyMr4
Namworld: Nah, didn't want to paste that.
assbot: [HAVELOCK] [CBTC] 5000 @ 0.00010121 = 0.5061 BTC [-]
benkay: oh hey wouldja lookit that mircea_popescu fixed the footnotes on trilema
benkay: oh no jokes my bad there's totally character coding shit still in there and etc
assbot: [HAVELOCK] [NEOBEE] 76 @ 0.00289999 = 0.2204 BTC [-]
assbot: [MPEX] [S.MG] 5000 @ 0.000158 = 0.79 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 345 @ 0.0029 = 1.0005 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
assbot: [HAVELOCK] [AM1] 8 @ 0.348425 = 2.7874 BTC [-] {2}
assbot: [HAVELOCK] [HIF] 1500 @ 0.00048786 = 0.7318 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 250 @ 0.0029 = 0.725 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0029 = 0.29 BTC [+]
assbot: [HAVELOCK] [HIF] 363 @ 0.00048789 = 0.1771 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 51 @ 0.0029 = 0.1479 BTC [+]
KRS|gotyawallet: Namworld: I'll do it for you for 10% of their payment. np.
assbot: [HAVELOCK] [NEOBEE] 170 @ 0.00288 = 0.4896 BTC [-]
BingoBoingo: KRS|gotyawallet: Ever drink an incredible hulk?
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
assbot: [HAVELOCK] [AM1] 2 @ 0.34883993 = 0.6977 BTC [+]
assbot: [MPEX] [S.MPOE] 2700 @ 0.00081258 = 2.194 BTC [-]
assbot: [MPEX] [S.MPOE] 2450 @ 0.00081379 = 1.9938 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 687 @ 0.0029 = 1.9923 BTC [+]
Vexual: my ghetto mining rig now cooks eggs
assbot: [MPEX] [S.MPOE] 5500 @ 0.00081379 = 4.4758 BTC [+]
assbot: [HAVELOCK] [AM1] 2 @ 0.34 = 0.68 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 39 @ 0.0029 = 0.1131 BTC [+]
assbot: [HAVELOCK] [HIF] 494 @ 0.00046001 = 0.2272 BTC [-]
Vexual: Australia really is a US petri dish
Vexual: This article from two hours ago, from our supossedly, yet state funded press...
ozbot: Would spying on East Timor by the Australian Secret Intelligence Service be illegal? - Fact Check -
Vexual: the fact check logo is new
Vexual: it may be an oversight, but the real story is that this ASIS agent, and his lawyer, preparing to appear in a hauge court where they have been summoned, have been relieved of all their documents by other agents on PNG soil.
BingoBoingo: If only there were a "Nation of Bitcoin" tattoo
Vexual: i think the signals directorate has our press
Vexual: lots of antarctica is still up for grabs
assbot: [MPEX] [S.MPOE] 3655 @ 0.00081141 = 2.9657 BTC [-]
Vexual: stealing 3 billion of gas per annum is just business
Vexual: but trying to cover it up to protect the way the info was obtained is an exercise in futility, fact check or no
Vexual: you can't force nayone to use gpg, but you can sign your kids up for a jungle war easily enough
ozbot: BTC raise to US$ 1800 can happen this week !! - JDBIF - The Bitcoin Investment Fund.
Vexual: id take some of that 10000 2014 bet
Vexual: but im far more interested in the exchange rate bedoming irrelevant
assbot: [HAVELOCK] [CBTC] 1597 @ 0.00010121 = 0.1616 BTC [-] {2}
mircea_popescu: sooo... some sr contender nobody heard of had ~100k btc in its wallets ?
mircea_popescu: bbc has it at 5mn (ie, 5k btc, which seems reasonable)
mircea_popescu: verge, computerworld and the rest of the trade rags quite 100mn
ozbot: SkyJack - autonomous drone hacking
mircea_popescu: true to form the usual tard brigade took the bait, gmax and phantomcircuit << lawl.
mircea_popescu: dub i suppose someone should tell them my henchman snackman was jus' trolling them
mircea_popescu: BingoBoingo lol that got her well fuming. apparently it's some scammy thing that is trying to pretend like they're less scammy because they're associated with credible people, by the procedure of giving those people free shares they never asked for.
kakobrekla: can you link to a particular blank line
mircea_popescu: i misread a blank line because your name is so long it bumps the table
ozbot: #bitcoin-assets log
dub: did they get piped to yr wallet
mircea_popescu: lol. i kept reading KRS : blabla, gotyawallet: blank line
pankkake: there are some css options for tables to avoid it IIRC
mircea_popescu: asciilifeform actually, the application where you generate all bitcoin addresses whose private key is an ascii string
mircea_popescu: is probably going to make someone a few bitcoin down the road.
mircea_popescu: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles <<< bwhaahahajh omfg
gribble: You rated user dub on Wed Dec 19 17:11:23 2012, with a rating of 1, and supplied these additional notes: he's been around a while..
mircea_popescu: well i ain't changing that, but you should start your own troll school./
KRS|gotyawallet: i lost my gpg key..should have known better than to create it on a company computer =/
KRS|gotyawallet: you'd think i'd know better being in IT 14+ years..did it on my laptop..just too lazy.
pankkake: can you change your OTC GPG key?
mircea_popescu: suppose i show up one day to find my gpg key was helpfully changed.
pankkake: actually, you can. changekey command
KRS|gotyawallet: i've got 20 btc on a hard drive around here somewhere but i'm just too lazy to find it.. meh
pankkake: I'm thinking of changing mine to a stronger one
gribble: (changekey <keyid>) -- Changes your GPG registered key to <keyid>. <keyid> is a 16 digit key id, with or without the '0x' prefix. We look on servers listed in 'plugins.GPG.keyservers' config. You will be given a random passphrase to clearsign with your key, and submit to the bot with the 'verify' command. You must be authenticated in order to use this command.
pankkake: didn't save a revocation stuff either?
KRS|gotyawallet: i quit and told them they could keep their fucking laptop..think they'll let me get my shit off it?
jamespeerless: micea_popescu: continuing discussion from yesterday.. since you have a new address per user per bet, don't you end up with a ton of addresses with a tiny amount of coin in them? what do you do with them once the bet is over?
mircea_popescu: jamespeerless not moreso than the average site taking bitcoin
mircea_popescu: if you look at the stats, Confirmed bets: 7123 Confirmed total: 9,728 BTC
Duffer1: has bitcoin already surpassed western union in terms of value transmitted?
ozbot: Bitcoind : not quite ready for prime time pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: Duffer1 it's impossible to accurately calculate the value bitcoin transmits
jamespeerless: so because of these limitations sounds like you need to do some manual work to resolve payouts
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
mircea_popescu: well 1. payouts are done with a lot of human supervision anyway ;
mircea_popescu: 2. i doubt anyone uses unpatched bitcoin code anymore.
mircea_popescu: as best as i can determine everyone is on some trunk from .4 to .6 with a bunch of in house patches
mircea_popescu: it's possible that a significant chunk of users (by headcount) are on .7/.8 or w/e
assbot: [HAVELOCK] [NEOBEE] 500 @ 0.0029 = 1.45 BTC [+] {2}
mircea_popescu: however, wallets made by those versions won't see a significant chunk of actual bitcoins... likely ever.
mircea_popescu: cause the credibility of the dev team is somewhere between nil and epsilon
assbot: [HAVELOCK] [NEOBEE] 300 @ 0.0029 = 0.87 BTC [+] {2}
jamespeerless: so your outlook on the future of bit coin protocol is bleak?
mircea_popescu: but anyway, rather than have you shoot in the dark, here's the story :
jamespeerless: if you're saying the current dev's contributing to bit coin are no good and its clear bit coin will require more work to be 'production ready' then without some change the future is bleak
mircea_popescu: 1. bitcoin was released as a prototype. that means something specific, and what it means doesn't include "to be used for any actual purpose". prototypes are there to test.
mircea_popescu: 2. people started using it anyway, because it was there. this is how things usually work.
mircea_popescu: 3. once satoshi left the dev team never recovered. it's roughly what the linux dev team would be if linus left.
mircea_popescu: basically a collection of people with poor iq and worse skills, hanging on because they perceive this as sexy, and imagine hanging on makes them somehow important.
mircea_popescu: 4. at the right time (ie 2012) i pointed out to them that their only chance to maintain any semblance of relevance is to fully specify the code.
mircea_popescu: this, obviously, is a very hard task. they, aware of their intellectual limitations, eschewed this task.
mircea_popescu: 5. the situation has evolved in the exact direction i was expecting : absent a specification everyone is using their own in house concoctions.
mircea_popescu: this will aggravate over time, with miners and large merchants all pushing on the code,
jamespeerless: how can it work if everyone is using their own in-house modified version yet they all need to communicate together
mircea_popescu: and with "the network accepts it" as pretty much the only measure of good or evil.
mircea_popescu: this will be a major resource black hole in the coming years, but it does not threaten the system itself.
mircea_popescu: it DOES however threaten any one actor, and ESPECIALLY actors acting on deluded presumptions,
jamespeerless: doesn't this lend itself to a couple big corps from releasing their own widely adopted forks.. similar to os x and the 5000 flavors of linux?
assbot: [MPEX] [S.MPOE] 13545 @ 0.00081026 = 10.975 BTC [-]
mircea_popescu: as long as those big corps don't actually have big btc, they aren't big corps
pankkake: see web browsers and web servers
mircea_popescu: i've had people spend 1000s of hours modelling this point, as it's the one most important point in all bitcoin
jamespeerless: yeah guess as long as they don't have any way to make money off of it, it won't happen
pankkake: or, in p2p, the most popular networks: ed2k and bittorrent
pankkake: so many implementations talking to each other
mircea_popescu: ThickAsThieves i suppose i should put this up ion trilema too, even out the chances of teh populous a little.
ThickAsThieves: plus you need to have any new predictions in published record :)
ThickAsThieves: yes, but you can apply your thought to the current state of things, allowing for new more appropriate predictions
ThickAsThieves: i suppose theyll claim the title long afte rthey cease work
mircea_popescu: foundations, conferences, is how discoveries are made in sciences too neh ?
assbot: [HAVELOCK] [NEOBEE] 150 @ 0.0029 = 0.435 BTC [+]
gribble: MtGox BTCUSD ticker | Best bid: 1191.00001, Best ask: 1198.0, Bid-ask spread: 6.99999, Last trade: 1191.0, 24 hour volume: 17070.52954069, 24 hour low: 1105.0, 24 hour high: 1209.989, 24 hour vwap: 1157.24439
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Mtgox. 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 (1 more message)
assbot: [HAVELOCK] [AM1] 2 @ 0.33318358 = 0.6664 BTC [-]
gribble: Bitstamp BTCUSD ticker | Best bid: 1095.66, Best ask: 1097.0, Bid-ask spread: 1.34000, Last trade: 1097.0, 24 hour volume: 10080.51725385, 24 hour low: 1037.5, 24 hour high: 1100.0, 24 hour vwap: 1065.90371392
ozbot: 707408283.05150 | Next Diff in 1153 blocks | Estimated Change: 23.7524% in 6d 2h 27m 16s
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.0029 = 0.58 BTC [+]
gribble: Next difficulty estimate | None based on data since last change | 894132728.373 based on data for last three days
KRS|gotyawallet: haha come on one must question almost everything in bitcoin
KRS|gotyawallet: oh because there isnt enough to find out out which is making me ask
ozbot: The future in the past pe Trilema - Un blog de Mircea Popescu.
pankkake: that's a lazy one… and you made me pay a few satoshi for it!
ozbot: Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week - Yahoo Finance
assbot: [HAVELOCK] [HIF] 500 @ 0.00048971 = 0.2449 BTC [+]
pankkake: most of that "increase" is already gone
pankkake: welcome to the endless pump and dump
pankkake: same for this infinitecoin actually
assbot: [HAVELOCK] [NEOBEE] 177 @ 0.0029 = 0.5133 BTC [+]
ozbot: Why Regulate Bitcoin? : The New Yorker
ThickAsThieves: "There may, however, be good cause for regulation. There have been several high-profile thefts of bitcoins recently, including a hacker attack last week on a Czech exchange called Bitcash.cz that emptied four thousand digital wallets belonging to customers. Also this month, an eighteen-year-old man in Australia who was running a Bitcoin “bank” announced that more than four thousand
ThickAsThieves: bitcoins had been stolen from his Web site, most of them belonging to users. In any industry, one of the strongest arguments in favor of regulation is the need for consumer protection—something bitcoin currently lacks."
ThickAsThieves: lol so US regulation will also help the Czech and Aus?
mircea_popescu: if one of the strongest arguments in favour of regulation really is the perceived need for consumer protection,
pankkake: I wasn't aware regulation prevented stealing
mircea_popescu: adding to the amusement in romanian that verb basically means "to fuck"
mircea_popescu: a polite way of saying it, as "he set her straight, sexually speaking" would be in english
ThickAsThieves: i still worry that eventually the only answer will be scary loss of net neutrality
pankkake: many new censorship laws lately :/
pankkake: and without much protest either
pankkake: france wants to censor "tax evasion" next
pankkake: before that it was unregistered gambling
ozbot: Ministers will order ISPs to block terrorist and extremist websites | UK news | The Guardian
assbot: [HAVELOCK] [NEOBEE] 125 @ 0.00288 = 0.36 BTC [-]
Duffer1: not getting robbed would be nice, but i fail to see how regulation would prevent that in any way
Duffer1: first exchange to offer insurance wins
pankkake: I believe services could escrow a part of their funds
pankkake: (i.e. like delivery bets but more generic)
mircea_popescu: ThickAsThieves amusingly, bitcoin resolves definitively the issue of net neutrality.
mircea_popescu: whatever anyone could possibly throw at hte problem, bitcoin has billions soon to be trillions of vested interest.
Duffer1: at least in america the net neutrality issue also involves isp bandwidth limiting and paywalling
Duffer1: pay x more to access premium sites like x,y,z
mircea_popescu: any isp is free to issue you whatever contract they want, and you don't have to take it.
mircea_popescu: as long as there's ppl holding bitcoins, there will be a market to provide them with internet.
Duffer1: i don't see that happening in america, major monopolies are protected state to state
Duffer1: startups are sued into the ground or bought outright
Duffer1: exclusivity contracts are the norm
mircea_popescu: well conversely, i don't see the us as much of a point of interest anyway, it's on its last legs as is.
Duffer1: i agree, i just hate to see it happening
mircea_popescu: i mean a similar argument could be brought that in somalia internet access is difficult, what with all the armed bandits
mircea_popescu: on the brighter side, from what i hear in the larger cities you can already get point to point internet
ozbot: Telecom Firms Thrive in Somalia - WSJ.com
Duffer1: all provided by at&t, comcast, or time warner
pankkake: amateur (in the good sense) wireless networking is easy in a city. but how do you go further?
pankkake: so we just need spacex to accept bitcoins!
truffles: why is it america has such good internet connections
mircea_popescu: for that matter, we'll probably be launching our own satellites before there's any serious challenge to net neutrality.
Duffer1: i'll miss my mmos if i'm forced to satellite :( hehe
pankkake: most of europe is pretty well served
mircea_popescu: actually that's what i'd like to ipo : a telecom satellite launcher corp.
truffles: i feel like its intermittent or something
ozbot: Britain facing 'high risk of blackouts over next 5 years' | Mail Online
ThickAsThieves: <mircea_popescu> actually that's what i'd like to ipo : a telecom satellite launcher corp. <<< I'm so in
Duffer1: need cable grade ping time or better though
assbot: [HAVELOCK] [NEOBEE] 414 @ 0.0029 = 1.2006 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 597 @ 0.00288 = 1.7194 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.34865856 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.153 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34867853 BTC [+]
ThickAsThieves: An estimated 70 percent of the nearly 11,000 silent films produced in the US have been lost, according to a landmark study from the Library of Congress.
truffles: hairstyle/face combo is typical
assbot: [HAVELOCK] [HMF] 12 @ 0.02591675 = 0.311 BTC [-] {2}
ozbot: Wiz Khalifa - Black And Yellow [Official Music Video] - YouTube
truffles: song feels like its 20mins long..
ThickAsThieves: the comments on that youtube page kinda show that google's switch to using google+ to clean comments didnt work
truffles: google just keeps making utube worse..
ThickAsThieves: "Alex Robinson you are a nigga lover. and you trying to make me just like you. shame that."
truffles: oh i didnt even look at comments this time
assbot: [HAVELOCK] [AM1] 1 @ 0.3486 BTC [-]
truffles: saw at least 3 women in that phot, 1 guy looks arab, 1 black guy hmm
assbot: [HAVELOCK] [NEOBEE] 81 @ 0.0029 = 0.2349 BTC [+]
thestringpuller: ThickAsThieves have you heard the Kanye-Sway interview?!?!?
thestringpuller: YOU AIN'T GOT THE ANSWERS ThickAsThieves YOU AIN'T GOT THE ANSWERS!!!!
assbot: [HAVELOCK] [AM1] 1 @ 0.34 BTC [-]
assbot: [HAVELOCK] [AM100] 46 @ 0.00330215 = 0.1519 BTC [+] {4}
pankkake: "Despite many assuming the song is a reference to the colors of Pittsburgh, Pennsylvania's NFL team, the Pittsburgh Steelers, the song is actually about Khalifa's black-and-yellow striped car"
pankkake: and here I thought that would be an interracial love song
assbot: [HAVELOCK] [AM100] 55 @ 0.00337039 = 0.1854 BTC [+]
thestringpuller: i don't think Wiz has the capacity to write a love song, or music at all...
truffles: i was going to say he wasnt wearing enough yellow in song
assbot: [HAVELOCK] [NEOBEE] 1002 @ 0.00294304 = 2.9489 BTC [+] {5}
gribble: Error: Failed to retrieve data. Try again later.
assbot: [HAVELOCK] [AM1] 1 @ 0.343 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.3439 BTC [+]
assbot: [MPEX] [S.MPOE] 6500 @ 0.00081266 = 5.2823 BTC [+]
ozbot: COINTERRA IS REAL -> NO SCAM!!
pankkake: being "real" is having an address and people behind it?
pankkake: who cares if they are aliens from the moon
jborkl: well, I was reading how the Ravi is/might be a escort
jborkl: very interesting - I will be back in 20 minutes to tell you if they are at work in suite 303
assbot: [HAVELOCK] [AM1] 3 @ 0.34384666 = 1.0315 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00294943 = 0.2949 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00294988 = 0.1475 BTC [+]
mod6: screen in a screen, ho ho!
mod6: now maybe i can lurk on the dl. hehe.
pankkake: screen in a screen is the norm for me
assbot: [HAVELOCK] [NEOBEE] 872 @ 0.00294988 = 2.5723 BTC [+]
assbot: [HAVELOCK] [HMF] 10 @ 0.02591 = 0.2591 BTC [-]
nubbins`: do any of you guys bake bread?
assbot: [HAVELOCK] [NEOBEE] 333 @ 0.00294999 = 0.9823 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]
nubbins`: the dough rises in the bowl and again in the pan, but when i place the loaves in the oven, they don't rise any further
jborkl: ah, I thought you were having trouble taking a dump
assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 115 @ 0.00294998 = 0.3392 BTC [+] {2}
ThickAsThieves: breaking them in with Fuckin' Problems - ASAP/Drake/Kdot :)
assbot: [HAVELOCK] [NEOBEE] 198 @ 0.00290002 = 0.5742 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 3184 @ 0.00081379 = 2.5911 BTC [+]
assbot: [MPEX] [S.MPOE] 4830 @ 0.00081614 = 3.942 BTC [+]
davout: nubbins`: i'm not sure they're supposed to rise a lot anyway in the oven
nubbins`: i mean, i know traditional loaves should
davout: nubbins`: hm, i'll confess complete ignorance
nubbins`: i also don't add any store-bought yeast
davout: nubbins`: you know, we french people, we just bake bread, it's in our blood xD
davout: i do it with store-bought yeast
nubbins`: i birthed this sourdough starter last september
assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]
nubbins`: have been baking with it for over a year now
nubbins`: shouldn't use "birthed" for yeast colonies
nubbins`: i created this sourdough starter last september
nubbins`: anyway, the bread is fucking delicious, which is what matters, i guess
davout: haha, yeah. you designed it man, you engineered it
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00290002 = 0.58 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 4086 @ 0.00081785 = 3.3417 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34878471 BTC [+]
stephengandel: Hi. I am a reporter trying to understand bitcoin futures. Anyone willing to help?
jurov`: hello stephengandel, you mailed to coinbr support yesterday?
Azelphur: stephengandel: best way is to ask in the channel. It's the cultural norm on IRC, and you'll get the best possible answers as others can correct inaccuracies.
ozbot: This Is the MIT Surveillance Video That Undid Aaron Swartz | Threat Level | Wired.com
assbot: [HAVELOCK] [COG] 4 @ 0.05799996 = 0.232 BTC [+]
Azelphur: stephengandel: this is the channel, so just ask questions in here
Azelphur: they don't need to be aimed at anyone specific
ThickAsThieves: there are several competent and experienced people here that may be able to answer different questions best
stephengandel: OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs $10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract.
ThickAsThieves: ah, one thing I can tell you is you will find more ICBIT users in #bitcoin-analysis
jurov`: stephengandel: i'm the owner of coinbr
ThickAsThieves: and mircea_popescu runs MPEx, the exchange it brokers with
stephengandel: OK. On MPEx, what does it mean that the price of o.usd.co50T is 0.785
jurov`: it's call to buy 0.1btc for $50
jurov`: (that means price per 1BTC would be $500)
jurov`: and on exercise, you will get (in bitcoins) the difference between intrinsic value and current 24h weighed price
jurov`: or nothing, if price is <=500
ThickAsThieves: if you are trying to write and sell options that's a bit different
stephengandel: Yes. Trying to bet on a drop in the price of bitcoins.
ozbot: Call option calculation - Bitcoin Forum - The Unofficial Bitcoin Forum
ThickAsThieves: I think you would need an MPEx account, and to negotiate margin with mircea_popescu
jurov`: stephengandel: yes it's the same, unless you get margin form mircea_popescu
jurov`: but even then, you'll be doing the saem MKOP/SPPLIT requests with loaned funds
ThickAsThieves: if you join you should probly connect with jurov for the referral, since he got you here :)
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00294 = 0.294 BTC [+]
stephengandel: So to do this on coinbr. I would have to open an account for 30 BTC, $30,000?
jurov`: 30BTC is account directly on MPEx.
jurov`: CoinBr offers account for free, only with small monthly fees
jurov`: because it's a broker that enables users to use one shared mpex account
ThickAsThieves: wouldnt mircea require a direct account for margin users?
jurov`: Yes, if you insist on margin, it's probably best to talk to mircea_popescu directly.
jurov`: You can write option only when you provide the collateral yourself.
assbot: [HAVELOCK] [NEOBEE] 146 @ 0.00294 = 0.4292 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 1379 @ 0.00294999 = 4.068 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 331 @ 0.00294999 = 0.9764 BTC [+]
jurov`: that's okay, it will crash, burn, whatever
assbot: [HAVELOCK] [HIF] 390 @ 0.00048971 = 0.191 BTC [+]
jurov`: there's much deeper misunderstanding at work
jurov`: people like him want to speculate on btc without being exposed at all
jurov`: and that's the piece that aint gonna work
jurov`: because loaning bitcoins is too risky
Apocalyptic: jcpham, why are you promotting this ill-conceived service ?
stephengandel: No idea. Just trying to find out if it is possible to bet against it. But really don't know. Doing math now.
jcpham: Apocalyptic i'm not sure copying and pasting a link is promotion
assbot: [HAVELOCK] [NEOBEE] 187 @ 0.00294999 = 0.5516 BTC [+]
jcpham: it's also run by someone
jcpham: rumor is plans to tie into -otc gpg keys
stephengandel: OK. But if I bought a put on the 0.USD.C050T on coinbr, I would have to put up .44 of a BTC as collateral?
jurov`: They have recently changed the lot to 0.1BTC, so it should be 0.044
mpexbot: jurov`: An error has occurred and has been logged. Please contact this bot's administrator for more information.
assbot: [HAVELOCK] [NEOBEE] 102 @ 0.00294999 = 0.3009 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 125 @ 0.00295 = 0.3688 BTC [+]
jurov`: because it's for 0.1btc
jurov`: no, buying puts/calls goes normally
stephengandel: and the current price of that contract is 0.07919108 BTCs.
jurov`: yes, hefty risk preminum
stephengandel: that was the price to sell a call. Is it the same to buy a put?
nubbins`: see how the site modified all the double-dashes into hyphens?
nubbins`: ——-BEGIN PGP SIGNED MESSAGE——-
assbot: [HAVELOCK] [NEOBEE] 875 @ 0.00295 = 2.5813 BTC [+]
stephengandel: where can I see the price of a put? Or am I not understanding this correctly.
jurov`: for buying or selling you either match the orders published by MPOE
ThickAsThieves: you can only sell options two ways: If you write them (margin), or if you buy them and resell them
jurov`: or you place the buy/sell order at another price and it will also get published at mpex.co
assbot: [HAVELOCK] [NEOBEE] 1540 @ 0.00299693 = 4.6153 BTC [+] {3}
stephengandel: OK. spread on the p050 contract appears to be huge
jurov`: yes. all these 1000's are MPOE offers. but anyone can make their own offers.
assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: / 112.71463735 / 112.71463735 (3170 shares, 119.21 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)
Apocalyptic: <stephengandel> OK. spread on the p050 contract appears to be huge // market makers make money from spread
stephengandel: So for the p080 contract, it would cost me roughly $1.70 to but the contract., with bitcoins at a current 1100. What would I make if bitcoins go down to 1000 or 900?
ThickAsThieves: last i checked all the options require extreme price movement to profit
stephengandel: Do bitcoins have to go down to 800 for the p080 contract to be worth something, or below 800?
stephengandel: Is it different if I was selling a call vs. buying a put?
stephengandel: Seems like selling a call I could make money even if they went down a little bit?
ThickAsThieves: but the price would still need to move a decent amount
jurov`: yes, if you sell to bot, you need large price movement
stephengandel: And also I have the problem that all of this would be settled in bitcoins, so any money I made on the futures bet against bitcoins would be offset by the fact that I own bitcoins, which would be worth less in dollars.
stephengandel: Just trying to figure out the calculation. Anyway you could run me through the transaction?
ThickAsThieves: well you'd be buying the bitcoins at a lower price than the current value if you surpass your premium
stephengandel: what if bought a p110, which is essentially where the price is now right? It would cost me $6.19 a contract. Is that right?
jurov`: ;;calc 0.04537758*1079
stephengandel: So if the price of a bitcoin went down to 1000 when the contract settled, I would make $10 minus the cost of the contract, or $3.80
jurov`: SELL QTY means mpex is selling to you
mike_c: ThickAsThieves: you don't need margin to write/sell options on mpex. you just put up btc as collateral.
jurov`: hence, price 0.0453775 applies
assbot: [HAVELOCK] [NEOBEE] 735 @ 0.00299944 = 2.2046 BTC [+] {3}
stephengandel: OK so it would cost me $49, and if a bitcoin drops to 1000, then I lose $39. For me to start making bitcoins have to drop to $610. Is that right?
stephengandel: And then I have the problem that I have to convert that back to dollars, and in doing that I will have lost money on my bitcoins because they will have dropped in value.
jurov`: no you will get the $49 back in bitcoins at current rate
jurov`: they are american, so you can exercise them anytime
jurov`: and current rate at exercise time applies
assbot: [HAVELOCK] [NEOBEE] 84 @ 0.003 = 0.252 BTC [+] {4}
mike_c: no, even in dollars, that's the point. It's a hedge against bitcoin dropping
mike_c: thestringpuller:oh man whoever wrote those options is over exposed << not if they aren't speculating. if it is a miner hedging, then they aren't over-exposed.
stephengandel: from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs $110. Then I buy the put for $49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to $500, and I exercise the option. I will get 0.12 bit coins when I exersize.
assbot: [HAVELOCK] [NEOBEE] 286 @ 0.0031181 = 0.8918 BTC [+] {2}
stephengandel: add that to what I had left in my account, and I will have a total of 0.17468842 BTCs.
gribble: MtGox BTCUSD ticker | Best bid: 1201.00001, Best ask: 1207.0, Bid-ask spread: 5.99999, Last trade: 1200.75001, 24 hour volume: 15003.00562735, 24 hour low: 1131.72718, 24 hour high: 1219.94333, 24 hour vwap: 1172.45435
jurov`: yes, $60 will be 0.12 btc then
stephengandel: Now when I convert that back to dollars at the now btc rate of $1/500 BTCs, I would get $87. Meaning I still lost money!
assbot: [HAVELOCK] [AM1] 11 @ 0.33150768 = 3.6466 BTC [-] {5}
pankkake: can't you buy neobees for 0.003 direct from lmb holdings?
nubbins`: that's the firt time neobee has been > ipo for a while, i think?
pankkake: yeah. because IPO was never finished before that
ThickAsThieves: pankkake, yes, but the investor site is not fully functional it seems
pankkake: I wonder if this is a "must have shares now" or not knowing
jurov`: stephengandel: you buy the option for $49 and exercise them to get $60 back
jurov`: don't mix the bticoin you are holding long into there
stephengandel: I know but I will get it back in bitcoins, not dollars, correct?
jurov`: you will bet B0.12 *500 = $60
ThickAsThieves: obv you need to be doing higher volume than one option to make money anyway, so exchange fees wont be an issue
jurov`: coinbr does not touch fiat
mike_c: Buy 0.1 BTC for $110. Buy two P110T for 0.09 BTC. price drops to 500. Excercise for .24 btc. total btc is now 0.25 btc worth $125. go party with $15 gain.
jurov`: you neex fiat-to-bitcoin exchange, like mtgox
stephengandel: yes, that's my point. since all of this will be done in bitcoins, when I exchange back, won't I lose money, but maybe I have this wrong?
Namworld: Is it me or is the breakeven on calls in the 15000+ USD/BTC?
jurov`: yes. in your example you will get *$60 worth of bitcoins*
assbot: [HAVELOCK] [NEOBEE] 45 @ 0.00322253 = 0.145 BTC [+] {3}
jurov`: such small amount is best to sell to colleague or so
jurov`: and buying too, jusr meet some bitcoin anthusiast and buy by cash
jurov`: *enthusiast.. kbd fail
mike_c: agree with ThickAsThieves. while we had this conversation it went up another 1% :)
assbot: [HAVELOCK] [NEOBEE] 230 @ 0.00323999 = 0.7452 BTC [+] {2}
jurov`: thestringpuller: a bit of patience, maybe>
iamnot_: whatever happened to XBOND? I don´t see it on Havelock anymore...
stephengandel: mike_c, if I just do one contract. I lose money, right? Because I was sitting with bitcoins, or because of the leverage? Maybe both?
mike_c: right, if you are shorting you want to only buy as many bitcoins as it takes to buy the number of options you want
mike_c: otherwise you are exposed with the leftover btc
assbot: [HAVELOCK] [NEOBEE] 47 @ 0.00323999 = 0.1523 BTC [+] {2}
iamnot_: pankkake: ´recalled´ sounds bad. does that mean TAT bought back everyone´s bonds?
jurov`: so, fund the account just to buy 3 options. problem solved
jurov`: you will invest 3*$49 equivalent, you will get back (if $500) 3*$60 equivalent
assbot: [HAVELOCK] [AM1] 6 @ 0.33000024 = 1.98 BTC [-] {3}
pankkake: iamnot_: yes. but it's not bad, anyone buying it at ip(v)o benifited heavily from divs + early 105% recall
stephengandel: And if I buy two contracts and instead the price goes up by 54% or to $1694, then I lose what?
jurov`: everything. the option becomes worthless.
mike_c: your options expire worthless, so you just lose what you paid.
iamnot_: pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along.
assbot: [HAVELOCK] [AM1] 1 @ 0.33 BTC [-]
stephengandel: I guess that's the advantage of buying a put rather than selling a call. Because if I sold a call I could lose an unlimited amount.
jurov`: no, you will at most lose the collateral
mike_c: right, selling has higher risk profile.
pankkake: I hope so; I have not invested elsewhere really
jurov`: if you wrote the option
stephengandel: But again, to sell a call I would have to open a MPEx account?
jurov`: stephengandel: no, coinbr allows you to write options under the same conditions as mpex
mike_c: jurov`: is that true? i would expect that if the loss was higher than collateral the difference would come out of your mpex account.
jurov`: only thing we won't do, is to provide margin
jurov`: you understand the difference between collateral and margin?
stephengandel: Not really. How much collateral would I have to put up?
stephengandel: strike / spot BTCUSD + some MPEx-proprietary padding
jurov`: if the exercise requires more, that's up for MPEx to pay
ThickAsThieves: <iamnot_> pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along. <<<< Don't hold your breath, no one serious and not scammy enjoys providing daily divs
jurov`: but that would also mean bitcoin falling catastctphically
jurov`: so it isn't hard for mpex to buy more of them
ozbot: Bitcoin Charts / Markets
mpexbot: ThickAsThieves: An error has occurred and has been logged. Please contact this bot's administrator for more information.
gribble: Error: Failed to retrieve data. Try again later.
gribble: MtGox BTCUSD last: 1210.0, vol: 15442.99754919 | Bitstamp BTCUSD last: 1150.01, vol: 12582.57372365 | BTC-E BTCUSD last: 1059.9, vol: 11463.51851 | Bitfinex BTCUSD last: 1150.01, vol: 2621.40917063 | CampBX BTCUSD last: 975.55, vol: 94.01568371 | BTCChina BTCUSD last: 1126.0836, vol: 49103.04600000 | Volume-weighted last average: 1135.7963542
☟︎ gribble: BitcoinAverage BTCUSD ticker | Best bid: 1146.52, Best ask: 1150.44, Bid-ask spread: 3.92000, Last trade: 1145.43, 24 hour volume: 42611.77, 24 hour low: None, 24 hour high: None, 24 hour vwap: 1094.27
nubbins`: good buy, can i pre-purchase all the shares?
mike_c: jurov`: I don't see anywhere that you are at risk for max of collateral. not to nag, but what's your confidence on that?
pankkake: I'd just make the IPO on a BTC address
jurov`: mike_c just do the maths. you write one P100
assbot: [HAVELOCK] [NEOBEE] 260 @ 0.00292551 = 0.7606 BTC [-] {2}
jurov`: mpex asks , say, 0.91 btc collateral for it
jurov`: then bitcoin falls to $10
jurov`: and you exercise, getting 90 BTC
gribble: Next difficulty estimate | 872182330.638 based on data since last change | 894132728.373 based on data for last three days
pankkake: don't worry, BFL will save you!
gribble: Current Blocks: 273061 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1114 blocks | Next Difficulty In About: 6 days, 5 hours, 21 minutes, and 47 seconds | Next Difficulty Estimate: 872182330.638 | Estimated Percent Change: 23.29264
iamnot_: ThickAsThieves: Graet and Ukyo loans paid daily dividends. Do you know if those are still around in the form of direct shares?
pankkake: but for sure you can't redeem right now
iamnot_: thanks for the heads up. i will read up on them.
zoinky: havent been keeping up to date with them
ThickAsThieves: if the next diff is 89, then that means about 830 more TH will push me to lose
mike_c: how many erupters is that?
mike_c: wow, 1400t this period. crazy.
Ukyo: [12:34] <Ukyo> due to the situation with weex, i stopped issueing dividends on the loan for now. I am setting up a seperate claim/management system where users will either a. begin to get daily divs again, or b. be able to get all missed divs with payoff
pankkake: you should be ashamed to have that first link in purple though
ThickAsThieves: I get one of these per month: "I have been studying your website and funds but I don't see information on how to invest in those funds. Is there information posted that tells how to invest in the funds?"
assbot: [HAVELOCK] [COG] 3 @ 0.05699979 = 0.171 BTC [-]
assbot: [HAVELOCK] [COG] 2 @ 0.05699979 = 0.114 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 597 @ 0.00302999 = 1.8089 BTC [-] {3}
assbot: [HAVELOCK] [COG] 4 @ 0.05699979 = 0.228 BTC [-] {3}
gribble: Current Blocks: 273064 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1111 blocks | Next Difficulty In About: 6 days, 3 hours, 18 minutes, and 53 seconds | Next Difficulty Estimate: 873500484.877 | Estimated Percent Change: 23.47897
nubbins`: we printed some nice garment tags on some linen the other day
ozbot: imgur: the simple image sharer
pankkake: that looks like an inverted black cock?
nubbins`: we don't have the ventilation for solvent inks 8)
nubbins`: you can get additives for printing on polyester
nubbins`: bet you were pretty good at tony hawk, tho
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00302 = 0.151 BTC [-]
jamespeerless: anyone know how my bet weight works if I bet multiple times on same bet?
nubbins`: heh, i've been playing lots of mario kart wii lately
nubbins`: couple weeks ago my wife and i ate a bunch of acid and played it for hours
pankkake: jamespeerless: it will have a new, lower weight
assbot: [HAVELOCK] [NEOBEE] 331 @ 0.00302 = 0.9996 BTC [-]
kakobrekla: jamespeerless new bets will appear seperatley
nubbins`: ThickAsThieves: ever listened to Metz? you might like em
jamespeerless: so they're basically independent? and then it just adds the payouts together
kakobrekla: they are independed bets yes , but if you win you will get 1 tx only
ozbot: METZ - Wet Blanket [OFFICIAL VIDEO] - YouTube
assbot: [HAVELOCK] [NEOBEE] 134 @ 0.0030225 = 0.405 BTC [+] {2}
gribble: A market order to sell 1000 bitcoins right now would net 1200802.9202 USD and would take the last price down to 1200.0200 USD, resulting in an average price of 1200.8029 USD/BTC. | Data vintage: 0.0629 seconds
pankkake: isn't it named misinformation-blog?
jurov`: KRS|gotyawallet: ^ here is the answer
jurov`: and it won't be much different at $10k
nubbins`: he seems to be operating under the assumption that exchanges aren't a place where buyers and sellers meet
nubbins`: i mean, in order to convert x btc into $50m, other users have to put that $50m into the exchange
gribble: A market order to sell 10000 bitcoins right now would net 10975877.1390 USD and would take the last price down to 960.6000 USD, resulting in an average price of 1097.5877 USD/BTC. | Data vintage: 98.6026 seconds
nubbins`: because if they don't, the seller doesn't have any buyers
KRS|gotyawallet: thats the main point of the article, nubbins..as i read it
nubbins`: this guy seems to think that each time you buy 1 btc, it's the exchange that had them and is selling to you
ThickAsThieves: that seems to have trouble forming coherent sentences and concepts
gribble: A market order to sell 140000 bitcoins right now would net 36115590.7219 USD and would take the last price down to 8.9066 USD, resulting in an average price of 257.9685 USD/BTC. | Data vintage: 171.1354 seconds
nubbins`: "Where would the exchanges ... get 10 million dollars?"
nubbins`: from the people buying the btc
pankkake: he must think bitcoins are "backed" by things
pankkake: gold bug? not that there's anything wrong with that
ThickAsThieves: that in the regulated world such providers must have a lot of their own capital
assbot: [HAVELOCK] [NEOBEE] 126 @ 0.0030225 = 0.3808 BTC [+]
nubbins`: luckily, here in btc-land, exchanges don't need to cover shit, because fuck it
pankkake: history of bitcoin tells us you can lose up to 90% of your bitcoins a year and still be a winner!
nubbins`: it's true, i lost my shirt twice and i'm still laughing
KRS|gotyawallet: point #1, big chunks of btc are moving around after being dormant since apr 2013 (our last all time high), point #2 one of these "chunks" of btc could market-sell 140,000 btc down to $8.
nubbins`: okay, but why would you chase the price all the way down to $8?
nubbins`: rather than cashing out slowly to maximize profit
nubbins`: i mean, i know we're all irrational actors
nubbins`: but there are limits to the insanity
gribble: A market order to sell 140000 bitcoins right now would net 36138416.0754 USD and would take the last price down to 8.9066 USD, resulting in an average price of 258.1315 USD/BTC. | Data vintage: 187.7440 seconds
pankkake: but I'm sure many people would come to get those bitcoins
KRS|gotyawallet: the article questions..why are these big chunks moving at all? maybe because people are realizing they are there and to shuffle them around a bit? idk
nubbins`: when you win the lotto, you can get a lump sum payment of much lesser value, or you can get yearly/monthly payments that total a greater amount
nubbins`: this is similar to a whale cashing out btc
nubbins`: or he can spread it over months/years
KRS|gotyawallet: I think so too..the most positive article I read is how countries like china and countries in africa will be hoarding them because they are a perfect financial vessle for financial freedom
nubbins`: heh, thought you said "countries like africa" for a moment
gribble: MtGox BTCUSD ticker | Best bid: 1216.0, Best ask: 1222.0, Bid-ask spread: 6.00000, Last trade: 1215.99001, 24 hour volume: 15013.43553127, 24 hour low: 1131.72718, 24 hour high: 1225.0, 24 hour vwap: 1177.82055
assbot: [HAVELOCK] [NEOBEE] 260 @ 0.00293127 = 0.7621 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 430 @ 0.00293005 = 1.2599 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 172 @ 0.00292658 = 0.5034 BTC [-] {2}
Vexual: nubbins, try a hotter oven re:sourdough
KRS|gotyawallet: This was the most positive article about bitcoin I think I ever read, and it just came out
ozbot: What Is Beijing's Rationale For Promoting Bitcoin? - Forbes
assbot: [HAVELOCK] [NEOBEE] 2466 @ 0.00291761 = 7.1948 BTC [-] {6}
pankkake: > referring to countries by their capital
Namworld: America is a country apparently. Black people are African-american. Then Africa must be a country too!
Vexual: what about "China does tech, it's what they do."
assbot: [HAVELOCK] [NEOBEE] 249 @ 0.00300909 = 0.7493 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 25 @ 0.34634842 = 8.6587 BTC [+] {11}
KRS|gotyawallet: right, but they need financial freedom and btc gives them that
KRS|gotyawallet: Namworld I didnt think of that. I should tell my black friend he too must be a country..hmm.
nubbins`: Vexual: it's already at 450, :(
assbot: [HAVELOCK] [NEOBEE] 118 @ 0.003 = 0.354 BTC [-]
nubbins`: Namworld: America isn't a country
nubbins`: you must mean the united states of america
nubbins`: anyway, i think "african-american" is a silly phrase
nubbins`: nobody says "african-canadian" here
jurov`: stfu, you have french-canadians
KRS|gotyawallet: America needed something to divert attention from the word Nigger which worked fine for me..Worked fine for them so why not.
Vexual: nubbins, perhaps less fisting b4 the first rise?
nubbins`: Vexual: i was worried about not kneading enough
Vexual: you can push it past that peak eleasticity
nubbins`: french-canadians = french-speaking canadians
nubbins`: you can be goddamn sure that they're not identifying with the country of france
nubbins`: i knead for about 10 minutes, bowl and cover, punch down and form loaves after 4-6 hours, proof in the pans for another 4-6 hours, then bake
jurov`: i'm not implying that afroamericans speak african
jurov`: maybe you don't kned hard/long anough?
jurov`: it needs to start resisting
nubbins`: see, it rises fine, just not in the oven
Vexual: try a batch of smaller laves with different kneads to troubleshoot
nubbins`: i tried adding a bit more water this time, no difference
assbot: [HAVELOCK] [NEOBEE] 106 @ 0.0030091 = 0.319 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 3 @ 0.34878314 = 1.0463 BTC [+] {2}
nubbins`: although the crumb *is* a bit nicer
nubbins`: jurov`: maybe it's just me, but i think it's a bit silly to call yourself african-anything if you were born in north america
Vexual: you could cheat and chuck some more yeast in
nubbins`: i'm not irish-canadian or british-canadian
jurov`: nope, you're eurocanadian
nubbins`: Vexual: i can't bring myself to add store yeast
nubbins`: the flavor is just too good as it is
jurov`: what about bitbetting the meeeelion?
nubbins`: srsly, today's loaves are SO GODDAMN SOUR
KRS|gotyawallet: We should all meet in Prague for food and feast..Prague has the women and leet secks too.
nubbins`: honestly, i'm more than a bit surprised that i haven't managed to kill my starter yet
Vexual: The party is going after corruption among Chinese officials. Even though the party needs to clean up, it needs to give its own members an exit plan, as too much prosecution would make the people think that the party is completely corrupt.
Vexual: Not chinese, just very stoned
jurov`: The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange, the report said.
nubbins`: "showing everyone that the party is completely corrupt would make people think the party is completely corrupt"
nubbins`: i can see why the party wouldn't want that
assbot: [HAVELOCK] [VTX] 25 @ 0.15017479 = 3.7544 BTC [-] {6}
assbot: [HAVELOCK] [AM1] 2 @ 0.34878472 = 0.6976 BTC [+]
assbot: [HAVELOCK] [HMF] 4 @ 0.02592 = 0.1037 BTC [+]
stephengandel: Hi. Had to leave for a bit. Do the prices on mpex go down a lot?
Vexual: basement; ladies underwear
ThickAsThieves: if you are referring to options, they premium has been generally very high since last Summer
stephengandel: Sorry, not go down as in price, but not available, as in right now?
ThickAsThieves: of course the rise from 150 to 1200 cerrtainly presented opportunity to profit
ozbot: Bitcoin becoming a standard part of lawsuit discovery requests | Jeff Steinport
stephengandel: And the collateral I would have to post to sell a $500 call would be .45 of a bitcoin?
stephengandel: strike / spot BTCUSD + some MPEx-proprietary padding.
ThickAsThieves: i dont know that one, i assume the collateral is the full value
jurov`: stephengandel: the info on the forum is obsolete, as the lot changed from 1BTC into 0.1BTC
jurov`: so just divide the collateral by 10
stephengandel: OK. So only 0.045 of a bitcoing. And it says the last price on a call for 050 is 0.05232243. So that's what someone would pay me if I could write a call?
Vexual: TAT, there might be a market for some satoshi dust for petty jilted lovers
jurov`: oh and people, i'm still searching a decent writer to put the stuff together.. there really isn't anyone who can make the time for some btc?
jurov`: stephengandel: if you actually sell that for 0.05m, you'll be damned lucky
Vexual: tehcneciel riting? i canod et
stephengandel: OK. but the collateral piece is right. Only 0.045. That seems doable.
jurov`: it needs not be technical.. just that poor fortune redactor can inderstand it
stephengandel: You're trying to pay freelance writers in bitcoins. Is that what you are saying?
stephengandel: If I took that contract I would have to hedge, right?
Vexual: tounge in cheek? eds and sics?
nubbins`: asciilifeform: the real rub is that the soldering iron can create new arses
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.003 = 0.15 BTC [-]
nubbins`: the obvious defence is to say you lost it all on asicminer shares.
stephengandel: I could open a bitcoin account on coinbr for 0.1 and then if I could get someone to take it write a call option. Right? Sounds like 0.1 is enough collateral.
jurov`: yes, should be (also depending on which option you want)
stephengandel: Do you have any idea how much I would make if I sold a call and bitcoins went to $500. I don't know how to do that math.
nubbins`: at the risk of being cheeky, you might wish to learn the math before you start moving money around :)
nubbins`: although i guess that's one of the reasons why you're here, hey?
stephengandel: Yes. Call option pricing more than just regular math
ThickAsThieves: to add to the cheekiness, are suuuuure you wanna bet on BTC falling that much?
nubbins`: i don't bet anymore, or even invest
stephengandel: But was able to figure out put price so half way there.
stephengandel: Is that the same with the put, or do you think I would find someone that would sell me a put with 1100 strike price
nubbins`: #bitcoin-assets: cheekier than an ass calendar
stephengandel: If I wanted to buy that contract. I think so, right seems like I would be paying a lot for it
jurov`: stephengandel: what about if i sell you P110Ts at 0.0033 per?
jurov`: you can buy 3 of them for 0.1
jurov`: and once on coinbr account, you'll be free to odo with them as you please
stephengandel: so you are saying I could get a better price than the 0.045 we were talking about before?
jurov`: yes. instead of the bot, i will write the options and sell to you
jurov`: there's a bot a marketmaker, and her prices are real
jurov`: but anyone can offer other price
stephengandel: What's the price if I wanted to sell the 050 call?
stephengandel: Still don't understand how to figure out what that would be worth if the price of a bitcoin drops
jurov`: current intrinsic value of C050 is about $650 = B0.565
jurov`: oh sry that would be for 10 of them
jurov`: mhm...i'd pay 0.06. i'm not so sure it will go up so much.
pankkake: IRC is real life to me. the world outside is useless and boring
pankkake: "and then who's gonna buy your call?" ghostbusters?
Vexual: megabyte blocks everywhere
jurov`: mircea_popescu mia or just lurking and having fun?
assbot: [HAVELOCK] [NEOBEE] 126 @ 0.00282733 = 0.3562 BTC [-] {7}
assbot: [HAVELOCK] [NEOBEE] 95 @ 0.00260466 = 0.2474 BTC [-] {5}
assbot: [HAVELOCK] [CBTC] 1098 @ 0.00011989 = 0.1316 BTC [+] {2}
assbot: [HAVELOCK] [HMF] 14 @ 0.02590714 = 0.3627 BTC [-] {5}
assbot: [HAVELOCK] [HMF] 11 @ 0.02580909 = 0.2839 BTC [-] {2}
assbot: [HAVELOCK] [HMF] 24 @ 0.02289291 = 0.5494 BTC [-] {6}
Namworld: wanted to buy that contract. I think so, right seems like I would be paying a lot for it
Namworld: [15:03] <jurov`> stephengandel: what about if i sell you P110Ts at 0.0033 per?
Namworld: [15:03] <jurov`> you can buy 3 of them for 0.1
Namworld: [15:03] <jurov`> and once on coinbr account, you'll be free to odo with them as you please
Namworld: [15:04] <jurov`> *er.. fix: 0.033
stephengandel: hey, jurov, the fee for buying a put is 1%. Is that for buying and sell?
stephengandel: Meaning I would pay 1% of my 0.1 when I buy and 1% of what it is worth when I exercize the contract if I do.
Namworld: this not be right at all. Why did it put that in the clipboard
TomServo: Namworld: I assume you're aware highlighting copies to clipboard?
Namworld: I don't think I ever highlighted that part
Namworld: Human errors > computer errors by quite a large margin.
Namworld: Sometimes I miscopy something and paste an old clipboard item instead. mIRC sends all lines at once when pasting...
Namworld: I've just changed my settings so it ask before sending multiple lines
Namworld: That way I should be able to review
assbot: [HAVELOCK] [CFIG] 1 @ 0.101 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 49 @ 0.002681 = 0.1314 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 208 @ 0.002681 = 0.5576 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 51 @ 0.00289985 = 0.1479 BTC [+] {4}
assbot: [HAVELOCK] [NEOBEE] 444 @ 0.00299728 = 1.3308 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0029975 = 0.1499 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 131 @ 0.0029975 = 0.3927 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 83 @ 0.0029975 = 0.2488 BTC [+]
jurov`: <stephengandel> hey, jurov, the fee for buying a put is 1%. Is that for buying and sell?
jurov`: ^^ from where you got this?
jurov`: CoinBr has 0.5% both for buying and selling
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00299 = 0.1495 BTC [-]
stephengandel: hi, does anyone remember if we were talking before about buying puts contracts with a strike price of 65 or 80. Thanks.
assbot: [HAVELOCK] [AM1] 1 @ 0.349499 BTC [+]
stephengandel: no wait. I remember it was 1100. never mind. Thanks.
nubbins`: stephengandel: just search via log.bitcoin-assets.com
assbot: [HAVELOCK] [AM100] 45 @ 0.0033 = 0.1485 BTC [+]
assbot: [HAVELOCK] [AM1] [PAID] 27.55189305 BTC to 13`849 shares, 198945 satoshi per share
nubbins`: yeah, it's a website, just ctrl-f :)
nubbins`: mildly annoying, X11 apps require control-f whereas native quartz applications use command-f
assbot: [HAVELOCK] [AM100] [PAID] 6.28636680 BTC to 332`612 shares, 1890 satoshi per share
assbot: [HAVELOCK] [NEOBEE] 80 @ 0.0029975 = 0.2398 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 762 @ 0.00300351 = 2.2887 BTC [+] {7}
Namworld: 3 days in an air pocket in a sunken boat at the bottom of the atlantic... must feel lonely
arbon: Lonely? I'm thinking more like terrified
ozbot: Oldest ever human DNA found in Spain, raises new questions about evolution | The Verge
assbot: [HAVELOCK] [VTX] 25 @ 0.1518 = 3.795 BTC [+]
truffles: so u r interested in evoluation TAT
assbot: [HAVELOCK] [COG] 3 @ 0.05699969 = 0.171 BTC [+]
pankkake: yes, they've been slowly increasing fees over the years
Namworld: Like government increase taxes?
pankkake: well, they aren't preventing anyone to use competitors yet!
assbot: [HAVELOCK] [AM1] 1 @ 0.34899997 BTC [-]
pankkake: I still use ebay… it has the most stuff
pankkake: craigslist doesn't have a reputation system right?
pankkake: I guess it's ok if you sell it face-to-face
deadweasel: ThickAsThieves: what are you slinging now?
assbot: [HAVELOCK] [NEOBEE] 150 @ 0.00301699 = 0.4525 BTC [+] {2}
ozbot: Urban Dictionary: nunya
pankkake: I can sell you an abacus. It mines.
ozbot: New stock on Havelock: 7C (Games on the 7th continent)
pankkake: with bitcoin economy in it? well, it seems similar enough to me
pankkake: oh, right. second life is just boring
pankkake: actually, people who are into second life are really weird… not that there is anything wrong with that, but certainly not the WoW people
pankkake: sims is manipulating people, second life is being someone else
pankkake: (usually a transexual furry slave)
assbot: [HAVELOCK] [NEOBEE] 777 @ 0.003017 = 2.3442 BTC [+]
pankkake: I tried SL a few years ago, played a girl with big boobs, got naked in public, and then got bored
pankkake: but I don't really like MMORPGs either
truffles: "got bored" playing a woman hmmm
dub: you can grind out real money from 'playing' sl though
pankkake: yeah, kill something for <30min, that's my idea of a video game :D
Namworld: "Playing" doesn't pay. Design skins and objects for the game, sell them.
dub: you can get payed for just being in an area
assbot: [HAVELOCK] [VTX] 1 @ 0.15 BTC [-]
Namworld: I don't work for 0.1 cent an hour.
dub: since area populatrity is self fulfulling, if you have people in your area other people will come and check it out
ozbot: Economy of Second Life - Wikipedia, the free encyclopedia
Namworld: Then sell the SLL on virwox for BTC!
dub: so people pay other people to be in their areas, but yeah bored housewives grinding out pennies for kink is probably 90% of hte userbase
dub: I went and checked out their in-world presence, you can buy btc inside the game too
pankkake: I thought they banned exchanges or something
dub: this was a couple of years ago I guess
dub: theres some good trolling lulz to be had in SL
jurov`: stephengandel: i'm going off, email to coinbr support when you make up your mind, or have questions
assbot: [HAVELOCK] [NEOBEE] 40 @ 0.0030173 = 0.1207 BTC [+]
ThickAsThieves: "Okene was strapped into diving equipment, then led to a diving bell which took him to the surface, where he spent two days in a decompression chamber. "
ozbot: Hugh Hendry Bitcoin Could Hit 1 Million - Business Insider
pankkake: "If I could own Bitcoin, I would" what
pankkake: I'll sell you one for $10000 Hugh, don't worry
assbot: [HAVELOCK] [NEOBEE] 500 @ 0.0030173 = 1.5087 BTC [+]
assbot: [HAVELOCK] [AM1] 3 @ 0.34899998 = 1.047 BTC [+]
Apocalyptic: "The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange
ozbot: Lamborghini Newport Beach Blog: We just sold our very first vehicle with Bitcoin as legal tender
ozbot: Twitter / Wu_Tang_Finance: I WAS A TERROR SINCE THE BUSINESS ...
pankkake: makes no sense to buy a car with bitcoin, just take a fiat loan
dub: dont buy vw either, jesus
kakobrekla: yes one of the worst deals i have done :)
assbot: [HAVELOCK] [AM1] 1 @ 0.3489 BTC [-]
dub: doesnt matter how much you pay, ending up owning a golf is bad deal
dub: purchase price $1, yearly maintenance bill $1000000
kakobrekla: here is one of the cheapest cars to run
kakobrekla: and you can go to bosnia and back and still come back with a car in 1 piece :)
dub: facts be damned by golf was a peice of shit
kakobrekla: why the hate, did golf kill your family and rape your butt?
dub: vr6 rice racer model, runs hotter than the sun, every fucking part needed importing
kakobrekla: i think you must be stuck in some alternate reality
dub: burns oil faster than petrol
dub: I am stuck very fucking far from yurup which didn thelp
kakobrekla: doenst make them a shit car if you are in fuckin usa
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0030173 = 0.1509 BTC [+]
pankkake: it's funny how there are almost no american cars in yurop
truffles: when did it become a yurop thing..
pankkake: I doubt asians buy any either yeah
assbot: [HAVELOCK] [NEOBEE] 2975 @ 0.00301829 = 8.9794 BTC [+] {3}
assbot: [HAVELOCK] [HIF] 1000 @ 0.000451 = 0.451 BTC [-]
pankkake: so, all current black markets are closing/closed now. we'll see if bitcoin is about drugs
dub: because they they make the best cars
assbot: [HAVELOCK] [NEOBEE] 1140 @ 0.0030184 = 3.441 BTC [+] {3}
assbot: [HAVELOCK] [NEOBEE] 350 @ 0.0030184 = 1.0564 BTC [+]
truffles: pankkake was there a major crack down?
pankkake: no, BMR shuts down because "they have no competition"
pankkake: (and owner is probably rich enough to retire)
ozbot: BMR Is Shutting Down | Deep Dot Web
truffles: where r all the addicts gonna turn now
Apocalyptic: <pankkake> no, BMR shuts down because "they have no competition" // first time i hear that justification for shutting down
pankkake: "This puts BMR in the edge of the blade, Tor can’t support any site to be too big"
assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00301 = 0.602 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00301 = 0.301 BTC [-]
assbot: [HAVELOCK] [VTX] 2 @ 0.14110003 = 0.2822 BTC [-]
assbot: [HAVELOCK] [HMF] 11 @ 0.02499727 = 0.275 BTC [+] {3}
dub: its the gox doctrine
dub: 'we suck because we're so popular'