pankkake: the day I discovered I could get away with being lazy, I never stopped
dub: gonna have to scan this thing for random troll outbursts and links from mp too
dub: window focus is hard
jurov: imagine you're the historian that got the task of analyzing the logs
jurov: then you'll fell better that you have only to read them
jcpham: that's offensive and ignorant to say
pizzaman1337: so basically, you trade X.EUR if you want to sell BTC, but stay denominated in BTC, not on a traditional exchange, and with 40 EUR spread. Seems mostly like a promotion for B-C to me?
BingoBoingo: pizzaman1337: Or sell BTC to be delivered by Jurov, in a suitcase
jurov: pizzaman1337: i'd wait for davout and ask him
pizzaman1337: mircea_popescu: it wasn't clear if you were getting paid at all
ozbot: Pamela Anderson, Simpsons' Sam Simon offer cash to sealers - Newfoundland & Labrador - CBC News
dub: save the moosecock eh
assbot: [MPEX] [S.MPOE] 11000 @ 0.00090573 = 9.963 BTC [+]
assbot: [HAVELOCK] [PETA] 20 @ 0.0465 = 0.93 BTC [-]
assbot: [HAVELOCK] [PETA] 11 @ 0.0466 = 0.5126 BTC [+]
assbot: [MPEX] [S.MPOE] 2800 @ 0.00090336 = 2.5294 BTC [-]
assbot: [HAVELOCK] [CFIG] 42 @ 0.06809629 = 2.86 BTC [-] {13}
assbot: [HAVELOCK] [CFIG] 13 @ 0.06009386 = 0.7812 BTC [-] {3}
assbot: [HAVELOCK] [PETA] 13 @ 0.046689 = 0.607 BTC [+]
assbot: [HAVELOCK] [HMF] 10 @ 0.02306198 = 0.2306 BTC [+] {5}
assbot: [HAVELOCK] [AM100] 42 @ 0.00280001 = 0.1176 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 13250 @ 0.00090336 = 11.9695 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 17600 @ 0.00090108 = 15.859 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 4457 @ 0.00295305 = 13.1617 BTC [-] {8}
Bugpowder: Anyone know how Second Market's assets under management jumped $20MM today?
Bugpowder: no coins coming into their receiving address
assbot: [MPEX] [S.MPOE] 8970 @ 0.00090106 = 8.0825 BTC [-]
ozbot: Bitcoin Investment Trust - SecondMarket
amidvidy: so what features would you want in a p2p colored coin exchange?
BingoBoingo: amidvidy: Non-existence would be a great property to have
BingoBoingo: Being built on the Dogecoin blockchain might be an acceptable alternative though
assbot: [HAVELOCK] [AM100] 771 @ 0.0029 = 2.2359 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 2 @ 0.2639 = 0.5278 BTC [+]
assbot: [HAVELOCK] [AM1] 2 @ 0.26499999 = 0.53 BTC [+] {2}
mircea_popescu: "I am Barrister Prince Paul Adeola a solicitor at law." <<
amidvidy: mircea_popescu: interesting, but I disagree.
assbot: [MPEX] [S.MPOE] 13209 @ 0.00090591 = 11.9662 BTC [+]
amidvidy: not really sure why that matters though.
mircea_popescu: it matters like this : twenty somethings don't have enough experience wiping their own bottom to opine on matters financial.
Vexual: you might have got some coloured words if you were older
mircea_popescu: asciilifeform he was so close might have gone for areola. no courage in the spam business these days
amidvidy: wow, that is pretty persuasive. Regardless, I've been designing a Kademlia based exchange, with support for market and limit orders.
Vexual: make a time machine and tell your womb to avoid mobile phones
truffles: silly rabbit men dont have wombs
mircea_popescu: so have a bunch of other kids. it never goes anywhere, for the stated reasons.
mircea_popescu: but i guess most need to learn from their own experience.
amidvidy: agreed. Even if nobody ever uses it, it's an interesting technical exercise
amidvidy: but i think there is a legitimate demand due to the takedown of sites like bitfunder, btctco, glbse, etc.
BingoBoingo: amidvidy: In most of those cases it wasn't so much a takedown as they surrended...
mircea_popescu: you misjudge both what happened there and what that leads to.
mircea_popescu: the takedown of the playsites is related to people making your mistakes (ie, brash notions of youth). it's unrelated to anything that can be resolved technologically.
mircea_popescu: havelock is in the process of fuicking itself in the ass exactly the same way right now./
assbot: [HAVELOCK] [SFI] 150 @ 0.001 = 0.15 BTC
Vexual: he has no beard to stoke
BingoBoingo: Remember when Havelock was just that weird little site than only wanted to trade a SatoshiDice Passthrough.
amidvidy: I guess I believe that the problem *can* be solved technologically. Just as bitcoin was a better technological solution than say, the Liberty Dollar
mircea_popescu: you form beliefs about how a problem can be solved without having bothered to define it ;/
BingoBoingo: amidvidy: Bitcoin largely solves the problem of how to have a distributed ledger of accounts, this is very different from breaking up and distributing a whole exchange
amidvidy: BingoBoingo: it was an analogy.
amidvidy: The nice thing about a distributed exchange is that an actor can still behave correctly in the presence of partial information, unlike bitcoin
amidvidy: which is why a successful colored coin trading network will be multitier. Tier 1 will contain high-volume "supernodes", similar to MPex, that provide low latency at the cost of some anonymity
mircea_popescu: here's an analogy for you : suppose you're in love, with this luscious young thing. can you see why the device which speeds up her arrival to your current position is great, whereas the device which speeds up your ejaculation once she's reached you is not great ?
amidvidy: Tier 2 will be completely p2p, and trades will be high latency
ozbot: Loper OS » Bitcoin, or How to Hammer in Nails with a Microscope.
mircea_popescu: supernodes eh. amidvidy are you also new to bitcoin enough to not have been exposed to the adventures of uppity tortilla ?
mircea_popescu: you're not gonna get the decentralised market that's trustless any more than you're going to get the two dimensional dildo that cures aging
mircea_popescu: currencies naturally tend to decentralise, which is why things like forgers. markets always and since forever centralise. tis what they do and not distinct from their actual utility.
truffles: who wouldve thought that 1 up, dildo's and aging
amidvidy: asciilifeform: I think I agree with you at a high level, that may be useless to try to reconstruct btc-based analogs of traditional institutions. That said, I think a p2p exchange could be useful
amidvidy: the NYSE isn't going anywhere anytime soon
Vexual: u give mpex 10 years too?
ozbot: 908350862.43702 | Next Diff in 638 blocks | Estimated Change: 26.4775% in 3d 5h 54m 27s
assbot: [HAVELOCK] [CBTC] 3000 @ 0.00012388 = 0.3716 BTC [+]
truffles: asciilifeform if thats ur blog u write well, obv cant read it in on sitting
assbot: [HAVELOCK] [CBTC] 1137 @ 0.00012387 = 0.1408 BTC [-]
Vexual: i also salute tou ascii
assbot: [MPEX] [S.MPOE] 14850 @ 0.00090608 = 13.4553 BTC [+] {2}
amidvidy: The author also wrote kademlia, this is his effort to design a DHT that is resistant to Sybil attacks
amidvidy: a recent systems course I took hammered that point in quite hard by having us read Google's "Paxos Made Live" paper
Vexual: are you taking critical thinking too?
Vexual: i attended a lecture once, asked 3 questions; stack overflow
amidvidy: I use stack overflow for all my critical thinking needs
amidvidy: as Immanuel Kant once said, if the answer isn't googleable, the question isn't worth asking
truffles: i feel like google is broken, i get relevant stuff at page buttom
Vexual: i even sued a law school i wasn't enrolled in for wasting my time and they settled
assbot: [HAVELOCK] [AM1] 2 @ 0.26599 = 0.532 BTC [+]
Vexual: so kid, can you take trustlesness off the chain?
assbot: [HAVELOCK] [AM1] 4 @ 0.26599 = 1.064 BTC [+]
ozbot: Just Like Tom Thumb's Blues on Vimeo
assbot: [MPEX] [S.MPOE] 7053 @ 0.00090612 = 6.3909 BTC [+] {2}
truffles: goat doesnt seem to chat here anymoar
jborkl: Too busy buying Lamborghini s
ozbot: Musical Youth Pass the Dutchie - YouTube
truffles: dunno how i feel about this one
ozbot: Baby Sea Lion Wants To Be My Friend - YouTube
Vexual: yall didnt even know you were lookinmg forward to something
ozbot: Handel - Sarabande - YouTube
assbot: [HAVELOCK] [PETA] 18 @ 0.046689 = 0.8404 BTC [+]
assbot: [HAVELOCK] [PETA] 14 @ 0.04669 = 0.6537 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.266 BTC [+]
truffles: asciilifeform those methods u desribe are what i thought bitcoin would be, not more of the same..
assbot: [HAVELOCK] [AM1] 2 @ 0.271 = 0.542 BTC [+]
Vexual: lamborghini is better than ferrari beacuase they havew blind tractor mechanics as old as the hills working by ear
nubbins`: i hear men with suits flay the calves each day for the seat leather
nubbins`: and they're paid so well that they just throw out their bloody suit at the end of their shift
Vexual: cant have thw boys do it
nubbins`: and wear a new one the next day
assbot: [HAVELOCK] [COG] 5 @ 0.042 = 0.21 BTC [+]
Vexual: those guys can see the seat as they skin a thick swathe
nubbins`: the bodies gently tapped into shape with peening hammers
Vexual: thats why i dont own a lamborghini
assbot: [MPEX] [S.MPOE] 8368 @ 0.00090475 = 7.5709 BTC [-] {2}
Vexual: give me a motorcycle any day
Vexual: but if you want to go fast a motorcycle is the only way
assbot: [MPEX] [S.MPOE] 16592 @ 0.00090627 = 15.0368 BTC [+] {2}
Vexual: well if you like a fine audial note, look to akwasaki
Vexual: no artisan mechanic required
benkay: sounds like an emotional decision.
Vexual: if you want to hide in the fog of war so noone hears you coming, buy a honda
Vexual: hers the agm: looks cool check abs check hows it sound? ah soh?
Vexual: honda minimises red and brown
Vexual: kawasaki maximises brown disregarding red
Vexual: where brown and red are effectively implied likelyhood for poo and blood respectivly respectively to be excreted by the rider.
Vexual: attend meetings and solve for yamaha and suzuki
ozbot: Led Zeppelin - Stairway To Heaven - YouTube
Vexual: this is classical by automotive standards
assbot: [HAVELOCK] [AM1] 1 @ 0.272 BTC [+]
Vexual: id probably have the altitude record for a motorcycle crash with no injury
assbot: [MPEX] [S.MPOE] 18900 @ 0.000905 = 17.1045 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 130 @ 0.00295996 = 0.3848 BTC [+] {5}
chsados: whos the dude who handles bitbet.us here?
assbot: [MPEX] [S.MPOE] 15600 @ 0.00090248 = 14.0787 BTC [-] {3}
chsados: i did this bet 18-12-2013 Pending BTCChina Will Cease All Fiat Methods of Funding
chsados: before this freaking announcement
chsados: i hope i dont get funds taken :(
ozbot: Balinese Suckling Pig (Babi Guling), Travel Video Guide - YouTube
assbot: [MPEX] [S.MPOE] 2200 @ 0.00090728 = 1.996 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.272 BTC [+]
assbot: [MPEX] [S.MPOE] 12448 @ 0.00090237 = 11.2327 BTC [-] {2}
ozbot: L-FRESH The LION - One - YouTube
assbot: [HAVELOCK] [AM1] 46 @ 0.27489013 = 12.6449 BTC [+] {7}
ozbot: Busta Rhymes - Thank You Ft. Q Tip, Lil Wayne & Kanye West (Lyrics) - YouTube
assbot: [MPEX] [S.MPOE] 7550 @ 0.00090731 = 6.8502 BTC [+] {2}
ozbot: Suburban Dark ft. Jeswon - Skeletonne - YouTube
kakobreklaaa: chsados, if its not in the table and the bet is closed already on bbet, you re
Apocalyptic: it amazes me to see people betting in the last minutes, gambling with the next block time
assbot: [MPEX] [S.MPOE] 10100 @ 0.00090755 = 9.1663 BTC [+] {2}
ozbot: ill never smoke weed with willie again. - YouTube
ozbot: Folk Uke I Miss My Boyfriend - YouTube
ozbot: ARLO GUTHRIE _ MOTOR CYCLE SONG. - YouTube
assbot: [MPEX] [FT] [X.EUR] 100 @ 0.00199998 = 0.2 BTC
ozbot: Triumph Engine Rebuild with Kog (Preview) - YouTube
assbot: [HAVELOCK] [PETA] 6 @ 0.043 = 0.258 BTC [-]
davout: yay ---> <@assbot> [MPEX] [FT] [X.EUR] 100 @ 0.00199998 = 0.2 BTC
benkay: ;;market --ticker eurbtc
gribble: (market 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 the (1 more message)
assbot: [MPEX] [S.MPOE] 10200 @ 0.00090778 = 9.2594 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 16136 @ 0.00090786 = 14.6492 BTC [+] {2}
ozbot: Butterfingers - I Love Work - YouTube
assbot: [MPEX] [S.MPOE] 19049 @ 0.00090431 = 17.2262 BTC [-] {2}
assbot: [HAVELOCK] [HIF] 2561 @ 0.00045357 = 1.1616 BTC [-] {18}
assbot: [HAVELOCK] [AM1] 1 @ 0.28000001 BTC [+]
cazalla: should've taken that under 450 bet, looking good now
assbot: [HAVELOCK] [AM1] 1 @ 0.28000001 BTC [+]
assbot: [MPEX] [S.MPOE] 5850 @ 0.00090108 = 5.2713 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 39 @ 0.00295799 = 0.1154 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 468 @ 0.002958 = 1.3843 BTC [+]
assbot: [HAVELOCK] [AM1] 3 @ 0.29493332 = 0.8848 BTC [+] {3}
assbot: [HAVELOCK] [PETA] 200 @ 0.04835389 = 9.6708 BTC [+] {5}
assbot: [HAVELOCK] [PETA] 6 @ 0.0494 = 0.2964 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 1756 @ 0.0028234 = 4.9579 BTC [-] {7}
assbot: [HAVELOCK] [AM1] 10 @ 0.280109 = 2.8011 BTC [-] {3}
assbot: [HAVELOCK] [AM1] 22 @ 0.27006772 = 5.9415 BTC [-] {6}
assbot: [HAVELOCK] [AM1] 24 @ 0.26599 = 6.3838 BTC [-]
assbot: [MPEX] [S.MPOE] 10550 @ 0.00090587 = 9.5569 BTC [+] {2}
assbot: [MPEX] [O] [O.USD.P095T] 5 @ 0.06 = 0.3 BTC [+]
Namworld: I've got the most stupid issue ever...
assbot: [HAVELOCK] [PETA] 75 @ 0.0494 = 3.705 BTC [+]
Namworld: No. You know how faint noises fades out after a while even if still there, even if irregular/clicking noise/etc?
Namworld: I got a new electronic thermostat and the heater in the room makes a faint but very strident noise. The problem is the new thermostat alternates the heater on/off every 5 seconds. Not often enough or infrequently enough to fade off to not notice it.
Namworld: It's completly keeping me from sleeping. I'll have to turn it off.
Duffer1: that sounds incredibly annoying
Namworld: If it stayed on then off every 5-10 minutes... okay...
Namworld: But "pfizzzzzzzzzzzzzzz ......................" cycle every 10 seconds just seems impossible to ignore.
Namworld: It doesn't fade into background noise since it doesn't last long enough. And it doesn't alternates often enough to appear as a single noise.
Namworld: On the upside, the temperature has never been this stable!
Namworld: That's a very retarded issue tho...
assbot: [HAVELOCK] [NEOBEE] 45 @ 0.00283002 = 0.1274 BTC [+] {3}
assbot: [HAVELOCK] [PETA] 200 @ 0.0494 = 9.88 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.266 BTC [+]
assbot: [MPEX] [O] [O.USD.P050T] 326 @ 0.02773246 = 9.0408 BTC [-]
pankkake: lol litecoin at 0.026. so much for an hedge
assbot: [MPEX] [S.MPOE] 8300 @ 0.0009079 = 7.5356 BTC [+] {2}
taub_: it's a bubble on a bubble
taub_: ofc it doesn't work out =D
assbot: [MPEX] [S.MPOE] 10300 @ 0.0009046 = 9.3174 BTC [-] {2}
assbot: [MPEX] [S.MPOE] 10850 @ 0.00090792 = 9.8509 BTC [+]
gribble: Current Blocks: 275629 | Current Difficulty: 9.08350862437022E8 | Next Difficulty At Block: 276191 | Next Difficulty In: 562 blocks | Next Difficulty In About: 2 days, 16 hours, 32 minutes, and 9 seconds | Next Difficulty Estimate: 1153681844.7 | Estimated Percent Change: 27.00839
gribble: MtGox BTCUSD ticker | Best bid: 539.85698, Best ask: 539.99999, Bid-ask spread: 0.14301, Last trade: 539.99999, 24 hour volume: 84357.41292489, 24 hour low: 455.0, 24 hour high: 750.3614, 24 hour vwap: 569.87917
assbot: [MPEX] [S.MPOE] 5050 @ 0.00090564 = 4.5735 BTC [-]
assbot: [HAVELOCK] [SFI] 800 @ 0.001 = 0.8 BTC
gribble: BitcoinAverage BTCUSD ticker | Best bid: 525.17, Best ask: 527.3, Bid-ask spread: 2.13000, Last trade: 526.98, 24 hour volume: 326672.18, 24 hour low: None, 24 hour high: None, 24 hour vwap: 625.91
assbot: [MPEX] [S.MPOE] 425 @ 0.00090442 = 0.3844 BTC [-]
taub_: i hope this is the lower range
taub_: if not, 250 here we come
assbot: [MPEX] [S.MPOE] 5400 @ 0.00090424 = 4.8829 BTC [-]
assbot: [MPEX] [S.MPOE] 11950 @ 0.00090435 = 10.807 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.266 BTC [+]
gribble: 1 BTC = 585.0 USD = 425.3535 eur
assbot: [MPEX] [S.MPOE] 16259 @ 0.00090619 = 14.7337 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 13200 @ 0.000903 = 11.9196 BTC [-]
assbot: [HAVELOCK] [HMF] 11 @ 0.02210909 = 0.2432 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 5 @ 0.0492 = 0.246 BTC [-]
assbot: [HAVELOCK] [AM1] 8 @ 0.266 = 2.128 BTC [+]
assbot: [MPEX] [S.MPOE] 15000 @ 0.000903 = 13.545 BTC [-]
gribble: MtGox BTCEUR ticker | Best bid: 421.6311, Best ask: 426.0, Bid-ask spread: 4.36890, Last trade: 426.0, 24 hour volume: 11851.02461864, 24 hour low: 322.86162, 24 hour high: 540.0, 24 hour vwap: 404.07217
assbot: [HAVELOCK] [HIF] 1524 @ 0.00045001 = 0.6858 BTC [-] {2}
assbot: [HAVELOCK] [CFIG] 2 @ 0.08049999 = 0.161 BTC [+] {2}
assbot: [HAVELOCK] [COG] 7 @ 0.0449999 = 0.315 BTC [+]
assbot: [MPEX] [S.MPOE] 12700 @ 0.00090405 = 11.4814 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 12300 @ 0.00090641 = 11.1488 BTC [+] {3}
assbot: [HAVELOCK] [AM100] 84 @ 0.00262402 = 0.2204 BTC [-] {2}
assbot: [HAVELOCK] [PETA] 3 @ 0.0492 = 0.1476 BTC [-]
assbot: [MPEX] [S.MPOE] 6100 @ 0.00090728 = 5.5344 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 3750 @ 0.00090786 = 3.4045 BTC [+]
assbot: [MPEX] [S.MPOE] 6718 @ 0.000903 = 6.0664 BTC [-]
assbot: [HAVELOCK] [AM100] 66 @ 0.002624 = 0.1732 BTC [-] {4}
assbot: [HAVELOCK] [AM100] 124 @ 0.00260974 = 0.3236 BTC [-] {8}
assbot: [HAVELOCK] [COG.F] 1 @ 0.73 BTC [+]
assbot: [MPEX] [S.MPOE] 5388 @ 0.000903 = 4.8654 BTC [-]
assbot: [MPEX] [S.MPOE] 8800 @ 0.00090319 = 7.9481 BTC [+]
assbot: [MPEX] [S.MPOE] 2300 @ 0.00090556 = 2.0828 BTC [+]
assbot: [MPEX] [S.MPOE] 35218 @ 0.0009031 = 31.8054 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 7750 @ 0.00090531 = 7.0162 BTC [+]
assbot: [MPEX:X.EUR] 1D: 0.00199998 / 0.00199998 / 0.00199998 (100 shares, 0.20 BTC), 7D: 0.00199998 / 0.00199998 / 0.00199998 (100 shares, 0.20 BTC), 30D: 0.00199998 / 0.00199998 / 0.00199998 (100 shares, 0.20 BTC)
assbot: [MPEX] [S.MPOE] 6400 @ 0.00090531 = 5.794 BTC [+]
assbot: [MPEX] [S.MPOE] 3800 @ 0.00090314 = 3.4319 BTC [-]
assbot: [MPEX] [S.MPOE] 8350 @ 0.00090316 = 7.5414 BTC [+]
benkay: so 7c *wants* to revive Stock Generation?
benkay: trading rally is categorized as an event/development which will absorb funds to bring about
the20year2: Do any of you plan on migrating to, or participating in ciphertrade when they release?
gribble: davout was last seen in #bitcoin-assets 13 hours, 19 minutes, and 37 seconds ago: <davout> amazing future
FabianB_: ;;calc 1/[ticker --currency eur --last]
assbot: [MPEX] [S.MPOE] 12500 @ 0.00090556 = 11.3195 BTC [+]
b0n1: is there an api for bitcoin-central?
assbot: [MPEX] [S.MPOE] 4100 @ 0.00090498 = 3.7104 BTC [-]
dexX7: didn't made it so far, to be honest :D
mike_c: heh. bitcoin company recipe: "1) first, ipo"
assbot: [MPEX] [S.MPOE] 5669 @ 0.00090577 = 5.1348 BTC [+] {3}
assbot: [MPEX] [S.MPOE] 16243 @ 0.00090807 = 14.7498 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 14238 @ 0.00090812 = 12.9298 BTC [+] {2}
mike_c: lol. india responds by "canceling duty-free liquor deliveries to the [US] embassy".
pankkake: and shutting down their whole IT department
pankkake: forum topic "Building my own Altcoin on windows,merkel and genesis hash" :| hmm maybe that was my Coinion idea, Deutschcoin based on Merkel hashes
the20year2: Is there a way to generate an altcoin that can pay out in other coins? I keep kicking around this idea of a coin backed by physical goods/items, but don't know a way to do it without inflating it , or paying out to holders
pankkake: if you want to back with something, you'd need a centralized issuer, and trust that issuer
pankkake: you have to add a trust line to an issuer, and then you can use its currency
pankkake: beware that if you add trust line for the same currency (i.e. btc) it can decide to exchange it between issuers without telling you
pankkake: no, ripples never enter the picture
the20year2: I'm asking this specifically in terms of doing this with backing up coins as a specific set interest in income producing real estate here in the US , then trying to figure a viable way to pay back coin holders interest
pankkake: it looks like you're just reinventing shares ;)
the20year2: Correct, on something outside of an exchange
assbot: [HAVELOCK] [SFI] 145 @ 0.001 = 0.145 BTC
mike_c: dexX7 just posted to a link to a paper describing what you want
mike_c: mircea popescu, founder of mpex
assbot: [MPEX] [S.MPOE] 19050 @ 0.00090316 = 17.2052 BTC [-] {4}
the20year2: I didn't realize he was the foudner of mpex. Is he the one that deals with issuing?
ozbot: How does one list on MPEx ? pe Trilema - Un blog de Mircea Popescu.
ozbot: Why MP is your God.
the20year2: GUess they only want BTC involved/denominated then
mike_c: you run rentalstarter, right? you could probably list on havelock.
the20year2: Yeah, i'm looking at any exchange realy, but i'm worried about legalities and trying to avoid future problems
the20year2: We're doing pretty good overall IMO business wise, but I need access to more capital, sadly.
mike_c: tough to avoid legal issues when raising capital
the20year2: Eh , it just needs to be done right, and our lawyer isn't too favorable for havelock
mike_c: any crowdfunded/btc-funded raise is going to be legally challenging in the US
the20year2: Yes and no, from his standpoint we can do it, as long as we attempt to set in place a measure to limit/keep US citizens from investing
mike_c: good luck getting BTC investors to send in proof of residence :)
ozbot: Devyani Khobragade's arrest: police lift barricades outside US embassy in Delhi - YouTube
the20year2: Of course, so then there's some other methods that he felt would be SEC compliant with what we're doing, and he felt (From what he knows) that ciphertrade might be a better candidate than havelock
mike_c: ciphertrade.. that exchange that hasn't launched yet. i have this bad feeling about where you're headed.
the20year2: Well, everything we're doing is reviewed by our legal council
mike_c: who suggested ciphertrade.
the20year2: My brother, who gave info to my attourney
mike_c: you are investing in real estate. forget about btc. go find USD investors.
the20year2: I will once I feel that we're sizable enough to warrant a PPM
the20year2: which is the threshold, since a PPM will require us to spend say $8k or so
mike_c: if that is the direction you are headed, you are not going to want the monkey on your back of a thousand tiny btc investors.
the20year2: US BTC investors :) International investors are fine, and we can microfund that way
assbot: [HAVELOCK] [NEOBEE] 712 @ 0.00281112 = 2.0015 BTC [-] {4}
mike_c: ok. good luck. i think you're playing with fire, but hopefully you make it.
the20year2: We have decent legal council on retainer, our understanding seems to be good. Thankfully the SEC does have a grace period for US investors if we have any, and this last bitfunder purge brought it to our attention.
assbot: [MPEX] [S.MPOE] 8550 @ 0.00090828 = 7.7658 BTC [+] {2}
the20year2: At some point, hopefully in the next 2-3 months we'll be able to access traditional lending methods and this won't be an issue
assbot: [MPEX] [S.MPOE] 15900 @ 0.00090871 = 14.4485 BTC [+] {3}
mikaeldice: You're in real estate, the20year2 ? What makes the volatility of bitcoin a good choice for investment funds? Last resort?
assbot: [HAVELOCK] [HMF] 6 @ 0.02199999 = 0.132 BTC [-] {2}
mikaeldice: It seems like you'd be taking on a lot of currency risk by sinking investors' BTC into fiat and then real estate
mike_c: on a different topic, what happened to your hack challenge mikael? still going to do it?
mikaeldice: I need some time to set it up. I don't want people calling it a scam, so I might just put up the server and make it a free for all
mikaeldice: A tiny bounty, but no entry fees. I don't want to take people's money, even if it'd make the challenge more interesting. At the same time, with little to gain, I would make the bounty much smaller
mike_c: the gain is proof of your system, right? unless you are expecting to get hacked and the gain is for you to learn about holes.
mikaeldice: Dual purpose: If nobody hacks it, this adds evidence of 'sufficiency' with the security, and if someone does hack it then I can patch the holes and reinit the prize until no more holes are found
the20year2: mikaeldice: for us it was just a way to crowdsource funding on something that traditional investors wouldn't bite into
the20year2: The hope/assumption in the beginning was that we would be able to outpace the appreciation of bitcoin through the way we are handling real estate. Growth has been fantastic, but it hasn't outpaced bitcoin like we'd hoped. So, then the hope later on, and it hasn't come to fruitition was a reverse hedge against BTC.USD drops like what we've been seeing. I tried to get investments again when BTC hit $1200 and few I talked
assbot: [MPEX] [S.MPOE] 10724 @ 0.00090502 = 9.7054 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.27 BTC [+]
assbot: [MPEX] [S.MPOE] 45400 @ 0.0009093 = 41.2822 BTC [+] {5}
zz_: asiclifeform: isn't the CPU running at a few Ghz, while sound <20Khz? What exactly would the cellphone pick up?
mike_c: that is actually the crux of the paper.
assbot: [MPEX] [S.MPOE] 8950 @ 0.00090502 = 8.0999 BTC [-]
zz_: didn't read the PDF. Guess that would help.
mike_c: tldr: "In a nutshell, the key extraction attack relies on crafting chosen ciphertexts that cause numerical
mike_c: cancellations deep inside GnuPG’s modular exponentiation algorithm. This causes the special value
mike_c: zero to appear frequently in the innermost loop of the algorithm, where it afects control fow. A single
mike_c: iteration of that loop is much too fast for direct acoustic observation, but the efect is repeated and
mike_c: amplifed over many thousands of iterations, resulting in a gross leakage effect that is discernible in the
mike_c: acoustic spectrum over hundreds of milliseconds"
mike_c: so the good news, as far as i can tell, is that you have to be decrypting a known, specially crafted message.
dub: applied to snarfing bitcoin keys in 3-2-
assbot: [MPEX] [S.MPOE] 10750 @ 0.00090945 = 9.7766 BTC [+]
BingoBoingo: asciilifeform: I imagine few consumer things being as loud as a Netburst era Pentium 4, for most definitions of loud.
assbot: [HAVELOCK] [SFI] 400 @ 0.001 = 0.4 BTC
assbot: [HAVELOCK] [HIF] 5000 @ 0.00045 = 2.25 BTC [-]
assbot: [HAVELOCK] [PETA] 4 @ 0.04888 = 0.1955 BTC [-]