log
mircea_popescu: jamespeerless i'm trying to build bitcoin into an actual thing.
jamespeerless: by running a gambling website?
mircea_popescu: by running all sorts of things correctly.
BingoBoingo: jamespeerless: A great gambling website. I've won moar there than I lost on Satoshidice.
turbo_ac100: prediction market. please!
ThickAsThieves`: maybe bitbet should have a setting for each bet for rate of weight loss
ThickAsThieves`: a curve
mircea_popescu: ThickAsThieves` it was in the original spec
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.
ThickAsThieves`: so use gfx
snackman: mircea_popescu: if you are, i take everything back, the megalomania is justified
ThickAsThieves`: make 3 options
mike_c: same rationale as 3-way resolutions
mircea_popescu: snackman no, i'm nick szabo.
snackman: mircea_popescu: so that's a yes
ThickAsThieves`: fast regular slow
BingoBoingo: ThickAsThieves`: What's next? Allowing bet creators to specify elliptic curves the bet weight passes through as it degrades over time?
ThickAsThieves`: yes, thats what we are talking about
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
ThickAsThieves`: i think maybe i misunderstood end weight all along
ThickAsThieves`: which now seems obvious
mircea_popescu: ThickAsThieves` and you wanteds me to implement splines.
snackman: mircea_popescu: admit it dude
snackman: mircea_popescu: this entire escapade of mine was to test your style
mircea_popescu: o, there was deeper meaning ?
snackman: mircea_popescu: lol of course
mircea_popescu: i like it when there's deeper meaning
ThickAsThieves`: admit what snackman did mp
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
mircea_popescu: BingoBoingo do you have a bitbeteratorium ?
benkay: snackman: fishing for buttcorns?
ThickAsThieves`: sending an email to wikimedia re: donation request pop-up:
ThickAsThieves`: No bitcoin option? Fairweather friends get no shine.
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.
mircea_popescu: we'd have never guessed in like, 2012.
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
mircea_popescu: then mp said "let there be tits1
mircea_popescu: and lo tits rain galoare.
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
snackman: it's not mine btw
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...
snackman: shit
dub: clearly it didnt rustle jimmies jimmies
snackman: i have found satoshi
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
snackman: BingoBoingo: sorry, pills
snackman: BingoBoingo: work both ways
mircea_popescu: you're too young to be taking pills.
BingoBoingo: mircea_popescu: Moar like not ratchet enough...
BingoBoingo: ;;ud ratchet
gribble: http://www.urbandictionary.com/define.php?term=ratchet | A diva, mostly from urban cities and ghettos, that has reason to believe she is every mans eye candy. Unfortunately, she's wrong. Typical signs to ...
ozbot: Urban Dictionary: ratchet
snackman: mircea_popescu: i lived long enough to witness your birth
snackman: ;;ud subhuman romanian nigger scum
gribble: http://www.urbandictionary.com/define.php?term=kike&defid=1479218&page=2 | ... Europe (Poland, Romania or Russia), whose family names often ended with "ki " ... Neo-Nazi scum claim that "kikes" control both major US political parties and ...
ozbot: Urban Dictionary: kike
mircea_popescu: snackman http://log.bitcoin-assets.com/?date=22-11-2013#389001 ☝︎
snackman: mircea_popescu: haha where did you get that pic?
mircea_popescu: S.NSA
BingoBoingo: S.NSA is gunna kill SnapChat
jamespeerless: mircea_popescu: why have separate addresses for each bet instead of just a single address that holds bets for YES and NO?
kakobrekla: http://log.bitcoin-assets.com/?date=22-11-2013#389017 ☝︎
ozbot: #bitcoin-assets log
kakobrekla: o yeah fuck alomost forgot!
mircea_popescu: jamespeerless how do you identify who sent which ?
BingoBoingo: jamespeerless: So people can continue betting on the same position
mircea_popescu: there's numerous advantages.
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 [+]
snackman: nice
snackman: everything here is a scam
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
ThickAsThieves`: lol
mircea_popescu: not practical for a web wallet to allocate addresses to users
mircea_popescu: because it has to coldstore its btc
jamespeerless: ah got it
jamespeerless: makes sense
mircea_popescu: snackman maybe he didn't include a tx fee ?
jamespeerless: seems like most wallets let you generate receiving addresses though
snackman: mircea_popescu: bahahhaahah
mircea_popescu: receiving yes. but they pay from wherever is convenient.
ThickAsThieves`: i like that setup
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
ThickAsThieves`: very convenient when you have coins in 10 diff places
mircea_popescu: it dioes have its advantages
BingoBoingo: ThickAsThieves`: Who doesn't spread their coins over at least 7 places?
assbot: [HAVELOCK] [NEOBEE] 250 @ 0.00288 = 0.72 BTC [+]
ThickAsThieves`: Jesus doesn;t
mircea_popescu: bitcoin jesus ?
ThickAsThieves`: which one?
mircea_popescu: Pietilla Maxwell Von Ver ?
BingoBoingo: stephengandel, that Bitcoin Jesus
ThickAsThieves`: whatever happened to IceDrill anyway?
snackman: mircea_popescu: btw, how much did you cash out?
snackman: when btc hit 1kusd?
assbot: [HAVELOCK] [NEOBEE] 76 @ 0.00289 = 0.2196 BTC [+]
kakobrekla: lol
benkay: "cave early"
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.
snackman: benkay: ?
mircea_popescu: BingoBoingo satoshi wasn't a virgin.
BingoBoingo: mircea_popescu: At some point he/she/monkeyfuckingapig was...
Vexual: vd in the orginal code?
mircea_popescu: well at that point satoshi wasn't satoshi yet.
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?
ThickAsThieves`: http://www.icedrill.io
ozbot: IceDrill.ASIC: a DigiMex project
ThickAsThieves`: digital mexicoins!
mircea_popescu: what's with the .io stuff anyway ?
mircea_popescu: they're all scams!
ThickAsThieves`: mexicoin, possibly the best name for a nationcoin?
ThickAsThieves`: vaticoin
kakobrekla: i liked the .io a lot cause of the jupiters moon
asciilifeform: sovcoin.
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 :(
kakobrekla: yea :(
mircea_popescu: (dunno if that cognate works in somalian. to enstinken)
mircea_popescu: chococoin
mircea_popescu: backed by vanilla.
BingoBoingo: Well, we will know when we've hit forbidden territory when .Europa happens.
ThickAsThieves`: so icedrill has oodles of hardware, just none that mines?
ThickAsThieves`: http://www.icedrill.io
ozbot: IceDrill.ASIC: a DigiMex project
ThickAsThieves`: oops
ThickAsThieves`: https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265
ozbot: IceDrill.ASIC DC visit
ThickAsThieves`: ethere they are https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265/5946840121426110546?pid=5946840121426110546&oid=100533316768811011163
ThickAsThieves`: what a nightmare
dexX7: nono
dexX7: they only have a space here afaik: https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265/5946838391947548818?sort=1&pid=5946838391947548818&oid=100533316768811011163
dexX7: and are waiting for hashfast units
ThickAsThieves`: i heard hashfast is scamming
asciilifeform: what part of this couldn't have been filmed by a bored sysop anywhere on the planet?
kakobrekla: hehe BingoBoingo :)
mircea_popescu: asciilifeform the girl.
BingoBoingo: I know you got the reference kakobrekla
mircea_popescu: o wait, nm. wrong webpage.
kakobrekla: yeah, teh avatar is dead giva away
kakobrekla: giveaway
BingoBoingo: The only problem with HAL is that the contractor's specs insisted he be programmed to run on a Java Virtual Machine
kakobrekla: :D
Kleeck_: ThickAsThieves`, are you joking about HashFast scamming?
asciilifeform: maybe i'm just behind the times. but, picture some bozo: 'i'ma build a skyscraper. here's lots of pictures of my bulldozers, cranes! here's some cement mixers!'
Kleeck_: No. You are current with the times.
ThickAsThieves`: Kleeck I am not joking
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.
ThickAsThieves`: a friend is considering legal counsel against Hashfast
asciilifeform: the sane people version: 'built a skyscraper. here's what it'll cost ya per sq. m. come in?'
mike_c: snackman: have some faith! my wallet is sync'ing. you'll have it soon.
ThickAsThieves`: that's all i know
Kleeck_: Due to the delays?
ThickAsThieves`: i didnt ask for details
ThickAsThieves`: he was looking for a referral
mike_c: transactions aren't instantaneous you know ;)
Kleeck_: I see.
Kleeck_: Not YET, mike_c
snackman: mike_c: hope dies last
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?
ThickAsThieves`: same reason as all scammers i assume
ThickAsThieves`: it was the plan, or it became the plan
asciilifeform: man jumps in front of moving bus. considers legal action against bus.
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: people don't have 10k laying around the house.
mircea_popescu: consequently, the first fpga's were pretty much a potluck affair
mircea_popescu: that system worked
mircea_popescu: (everyone delivered, even bfl)
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: so people naturally tried to stick to what works
mircea_popescu: that's pretty much the story of how we ended up with the insanity.
mircea_popescu: Kleeck_ people fail to correctly value reputations.
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: he imagines the value of this is 1 month.
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: the other half is your wot account.
Kleeck_: I agree.
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
mircea_popescu: unless, of course, you're sony or something.
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
mircea_popescu: "some guy makes an airplane" is altogether different
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.
mircea_popescu: for all we know i'm satoshi, and you're snackman
BingoBoingo: Of course. Maybe I'm Usagi?
assbot: [HAVELOCK] [NEOBEE] 392 @ 0.0029 = 1.1368 BTC [+]
mircea_popescu: you got too big tits and too much beard to be usagi.
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.
mircea_popescu: cazalla me too actually.
BingoBoingo: cazalla: Bankruptcy is just a fresh start
mircea_popescu: BingoBoingo well one's enough.
snackman: mircea_popescu: i'm snackman
benkay: no i'm snackman
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: what is this shit
mike_c: naw, hang on
snackman: i'm getting scammed left and right
mike_c: 1 minute
snackman: mkay
ThickAsThieves`: is this ltc asic news why it's rallying?
ThickAsThieves`: or a diff change?
ThickAsThieves`: or just cuz litecoin
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
snackman: mike_c: which one?
mike_c: the "yes, i placed more bets on bitbet"
snackman: mike_c: :D
snackman: mike_c: but i did!
mike_c: i believe you
BingoBoingo: .d
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
snackman: hilarious
snackman: thanks mike_c
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
deadweasel: very
assbot: [HAVELOCK] [CBTC] 4000 @ 0.000125 = 0.5 BTC [-]
snackman: dub: why?
mike_c: $avg
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}
snackman: $avg
mpexbot: snackman: An error has occurred and has been logged. Please contact this bot's administrator for more information.
mod6: $vwap s.mpoe
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
dub: routine jesus fuck
dub: I need a new job
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
mike_c: nice
Namworld: I sometimes get random dust/BTC
Namworld: Not sure why
Namworld: at some of my random address
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 [-]
nubbins`: hi
KRS|gotyawallet: guess i missed a little drama since i've been gone..heh
Duffer1: there's no end to bitcoin drama
assbot: [HAVELOCK] [CBTC] 3473 @ 0.00012759 = 0.4431 BTC [+] {3}
KRS|gotyawallet: aint it great
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}
BingoBoingo: ;;ident BingoBoingo
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
KRS|gotyawallet: ;;ident KRS-1
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.
KRS|gotyawallet: ;;ident KRS
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.
KRS|gotyawallet: ;;ident KRS-
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 [+]
BingoBoingo: ;;ident KRS|gotyawallet
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}
BingoBoingo: ;;later tell mircea_popescu solar fart dude wants your PR girl to make some sort of decision on her "share" according to this post https://bitcointalk.org/index.php?topic=293098.msg3678941#msg3678941
gribble: The operation succeeded.
asciilifeform: dust TX, if they exist, could be interesting. bit flips from cosmic rays?
asciilifeform: as seen here: http://dinaburg.org/bitsquatting.html
dub: it happens
asciilifeform: phun phact: most public key cryptosystems cough up key bits in this scenario.
asciilifeform: consider the trivial case of RSA with lowest bit in 'p' or 'q' (pubkey = PxQ) flipped.
dub: wonder if there is any research into encouraging them
asciilifeform: suddenly 'p' (or 'q') is composite.
KRS|gotyawallet: Ruh roh
KRS|gotyawallet: http://english.cri.cn/6909/2013/12/03/2724s801532.htm
KRS|gotyawallet: https://www.youtube.com/watch?v=NzW8rvyZmUE&feature=player_embedded
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.
asciilifeform: BingoBoingo: this is by no means particular to SPARC
BingoBoingo: asciilifeform: I imagine not.
asciilifeform: if the probability of a 'cough' is sufficiently large, any system that can be 'milked' for RSA exchanges is vulnerable.
BingoBoingo: Well, the Cardano uses a battery for a reason...
asciilifeform: moral: 1) single-tasking machine 2) performing crypto-ops when you want, and not when internet asks 1000x/sec.; 3) battery belongs to you and physically visible
asciilifeform: 4) change keys sometimes.
BingoBoingo: 5) if everything else fails https://www.youtube.com/watch?v=OXOvjf-IrL8
asciilifeform: anybody feeling particularly energetic is invited to carry out an experiment:
asciilifeform: 'dust telescope.'
asciilifeform: run blockchain; generate as many random addrs as will fit on disk...
asciilifeform: helps if you have a reasonable entropy source, but not essential for this application.
asciilifeform: then countdown until fools start pushing 'dust miner bonds', l33t, 11111....
dub: still seems like a rather larger collision space than some well known short domain names
asciilifeform: large - but finite.
asciilifeform: in fact, bonus points if you use a known turd for an entropy source
asciilifeform: that others, generating addrs in the past, may have used...
assbot: [HAVELOCK] [NEOBEE] 70 @ 0.00289999 = 0.203 BTC [+]
asciilifeform: wonder if you'll run out of disk or cpu first.
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
nubbins`: oxygen
asciilifeform: will to live?
nubbins`: btc
dub: strangled by out of control neckbeard
nubbins`: everything, probably
nubbins`: ^ even this
dub: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles
asciilifeform: there's plenty of gamma to go around. and ECC RAM has gone out of fashion.
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'
asciilifeform: 'the miser pays twice.' using cheapo hardware has a cost. eventually people will pay the cost.
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?
Namworld: I must be really dirty then
BingoBoingo: Namworld: Maybe?
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
Namworld: arf, damn it.
Namworld: Not the right paste
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 [-]
KRS|gotyawallet: Mark it down as brokerage fee services on their tab.
BingoBoingo: KRS|gotyawallet: Ever drink an incredible hulk?
assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]
KRS|gotyawallet: no? i think i've heard of it..got Jaegermeister in it?
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
Vexual: any way youy like
Vexual: enthalpy and entropy
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...
Vexual: http://www.abc.net.au/news/2013-12-04/unlikely-alleged-east-timor-spying-illegal-under-australian-law/5134138
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: Vexual: Only soil I recognize is GPG soil
Vexual: true dat
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
jurov`: http://jdbif7.blogspot.sk/2013/12/btc-raise-to-us-1800-can-happen-this.html rumor mill is on
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
KRS|gotyawallet: Vexual: whats up slut
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 ?
KRS|gotyawallet: wallet? where?
mircea_popescu: ;;google bitcoin sheep markety
gribble: Online black market members hunt down $100 million in bitcoins ...: <http://www.theverge.com/2013/12/2/5167670/sheep-marketplace-bitcoin-heist-nets-at-least-5-million-owners-blamed>; Huge bitcoin heist: Black market drug shop Sheep Marketplace ...: <http://blogs.computerworld.com/cybercrime-and-hacking/23217/huge-bitcoin-heist-black-market-drug-shop-sheep-marketplace- (1 more message)
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
dub: http://samy.pl/skyjack/
ozbot: SkyJack - autonomous drone hacking
mircea_popescu: ha
mircea_popescu: dub:
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: kakobrekla : http://log.bitcoin-assets.com/?date=04-12-2013 check it out, all lines by KRS|gotyawallet are blank.
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: blank?
kakobrekla: can you link to a particular blank line
mircea_popescu: ytes, and his name is misquoted
KRS|gotyawallet: can you describe the blank line, sir.
mircea_popescu: shit
kakobrekla: http://log.bitcoin-assets.com/?date=04-12-2013#405107 ☝︎
mircea_popescu: i misread a blank line because your name is so long it bumps the table
ozbot: #bitcoin-assets log
kakobrekla: works?
dub: did they get piped to yr wallet
kakobrekla: a
mircea_popescu: my bad.
KRS|gotyawallet: see
mircea_popescu: dub who ?
KRS|gotyawallet: the magic behind my method is teh pipe
mircea_popescu: lol. i kept reading KRS : blabla, gotyawallet: blank line
KRS|gotyawallet: and I have a big pipe.
kakobrekla: hm it breaks at | eh
kakobrekla: stupid |.
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: dub:
mircea_popescu: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles <<< bwhaahahajh omfg
mircea_popescu: ;;rated dub
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 =/
mircea_popescu: never create on company computers
mircea_popescu: they're paying you not to.
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: not really.
KRS|gotyawallet: i dont work any more..i just do this stuff now..ty btc
pankkake: that sucks
mircea_popescu: no it doesn't.
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
mircea_popescu: um
pankkake: I'm thinking of changing mine to a stronger one
mircea_popescu: ;;changekey
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.
mircea_popescu: well ya but this presumes you have the old one.
KRS|gotyawallet: oh kickass
KRS|gotyawallet: =/
pankkake: of course
mircea_popescu: a nm then
mircea_popescu: i was thinking fo the other case.
mircea_popescu: as he had said he lost his.
pankkake: yeah…
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?
mircea_popescu: ask nicely the chick in hr with the big boobs
KRS|gotyawallet: she's more petite and has braces..Mmmm..
mircea_popescu: ;;later tell benkay http://trilema.com/2013/the-art-of-making-friends-and-influencing-people-versus-stockholm-syndrome/#comment-96511
gribble: The operation succeeded.
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
mircea_popescu: that means the avg bet is > 1btc
jamespeerless: good point
mircea_popescu: bitpay wishes it could say the same thing
jamespeerless: :P
mircea_popescu: what are you gonna do, you know ? consolidate them.
mircea_popescu: there is some discussion on this topic over at
mircea_popescu: ;;google bitcoind not ready for prime time
mircea_popescu: meh no gribs ?
gribble: Western Union Says Bitcoin Not Ready For Primetime – Bitcoin ...: <http://bitcoinmagazine.com/7692/western-union-says-bitcoin-not-ready-for-primetime/>; Bitcoin's New All-time High: Exploring the Latest Bubble – Bitcoin ...: <http://bitcoinmagazine.com/8104/bitcoins-new-all-time-high-exploring-the-latest-bubble/>; Western Union Says Bitcoin Not Ready For Primetime - Kitco (1 more message)
mircea_popescu: http://trilema.com/2013/bitcoind-not-quite-ready-for-prime-time/
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: wow just sad that
jamespeerless: sounds pretty crappy
jamespeerless: read*
mircea_popescu: well... it's a prototype.
mircea_popescu: not intended to be put into production.
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.
jamespeerless: by the newer versions? why not?
mircea_popescu: cause the credibility of the dev team is somewhere between nil and epsilon
jamespeerless: heh
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: im not sure what you're asking.
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
jamespeerless: is what i meant
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.
ThickAsThieves: i smell a blog post coming on
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: well that's just it, the network blindly decides.
mircea_popescu: this will be a major resource black hole in the coming years, but it does not threaten the system itself.
mircea_popescu: if anything, it makes the system stronger.
KRS|gotyawallet: the anatomy of a blog post
mircea_popescu: it DOES however threaten any one actor, and ESPECIALLY actors acting on deluded presumptions,
mircea_popescu: such as the snackman kid.
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: no.
mircea_popescu: because, again, bitcoin is about money.
mircea_popescu: as long as those big corps don't actually have big btc, they aren't big corps
mircea_popescu: they just thing themselves big.
ThickAsThieves: how does one "release" a "widely adopted" fork?
mircea_popescu: exactly.
mircea_popescu: 0.8 is a widely adopted fork.
mircea_popescu: so ?
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
mircea_popescu: i'm not seeing anything particularly worrisome
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: so i can scowl with happiness at you in the future
mircea_popescu: lol this is more like predictions of the past
ThickAsThieves: yes, but you can apply your thought to the current state of things, allowing for new more appropriate predictions
ThickAsThieves: like the disbandment of the dev team maybe?
ThickAsThieves: i suppose theyll claim the title long afte rthey cease work
mircea_popescu: why should they be disbanded ? let the kids have fun.
mircea_popescu: foundations, conferences, is how discoveries are made in sciences too neh ?
ThickAsThieves: well if you count "outreach" maybe
assbot: [HAVELOCK] [NEOBEE] 150 @ 0.0029 = 0.435 BTC [+]
ThickAsThieves: ;;ticker
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
ThickAsThieves: ;;nethash
gribble: 6400549.04237
ThickAsThieves: that hasnt moved in like a day or two
ThickAsThieves: like, exactly the same number
ThickAsThieves: seems broken
mircea_popescu: ;;ticker --bitstamp
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)
mircea_popescu: meh
assbot: [HAVELOCK] [AM1] 2 @ 0.33318358 = 0.6664 BTC [-]
mircea_popescu: ;;ticker --market bitstamp
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
ThickAsThieves: .d
ozbot: 707408283.05150 | Next Diff in 1153 blocks | Estimated Change: 23.7524% in 6d 2h 27m 16s
ThickAsThieves: .b
ThickAsThieves: .q
ThickAsThieves: ;;estimate
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: anyone know if these guys are legit? https://asic-market.com/product/blue-fury-usb-miners/
ThickAsThieves: if you have to ask
KRS|gotyawallet: =/
ThickAsThieves: then you know the answer
ThickAsThieves: ;)
KRS|gotyawallet: haha come on one must question almost everything in bitcoin
KRS|gotyawallet: f'n sharks out there
KRS|gotyawallet: in here..everywhere.
ThickAsThieves: you missed my point
ThickAsThieves: i'll rephrase
KRS|gotyawallet: oh because there isnt enough to find out out which is making me ask
ThickAsThieves: if they have no rep, how could you trust them
KRS|gotyawallet: right..gotcha.
KRS|gotyawallet: thanks dude
mircea_popescu: http://trilema.com/2013/the-future-in-the-past/
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!
mircea_popescu: totally.
mircea_popescu: if you ain't cheatin' you ain't tryin'.
ThickAsThieves: http://finance.yahoo.com/news/bitcoin-alternative-quark-qrk-increases-072503725.html
ozbot: Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week - Yahoo Finance
ThickAsThieves: so basically altcoins make ponzis legal'
ThickAsThieves: we'll have altcoins sponsoring football teams n shit
ThickAsThieves: celebrity "endorsements" etc
KRS|gotyawallet: HAH
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: by the way it was on the list: http://www.theguardian.com/technology/2013/nov/28/bitcoin-alternatives-future-currency-investments
pankkake: same for this infinitecoin actually
assbot: [HAVELOCK] [NEOBEE] 177 @ 0.0029 = 0.5133 BTC [+]
mircea_popescu: lol yahoo nao pumping altchains ?
ThickAsThieves: http://www.newyorker.com/online/blogs/currency/2013/11/why-regulate-bitcoin.html
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: regulation has very poor chances.
ThickAsThieves: regulation can protect the whole internet guys
ThickAsThieves: cmon
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
pankkake: un bon coup de bite
ThickAsThieves: i still worry that eventually the only answer will be scary loss of net neutrality
ThickAsThieves: but maybe that will spur better internets
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
pankkake: http://www.theguardian.com/uk-news/2013/nov/27/ministers-order-isps-block-terrorist-websites
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.
pankkake: and namecoin!
mircea_popescu: whatever anyone could possibly throw at hte problem, bitcoin has billions soon to be trillions of vested interest.
mircea_popescu: nobody can fight that and win.
Duffer1: not necessarily mp
mircea_popescu: i guess we shall see.
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: nevertheless...
mircea_popescu: on the brighter side, from what i hear in the larger cities you can already get point to point internet
mircea_popescu: what with all the wireless everywhere
pankkake: http://online.wsj.com/news/articles/SB10001424052748704608104575220570113266984
ozbot: Telecom Firms Thrive in Somalia - WSJ.com
Duffer1: all provided by at&t, comcast, or time warner
KRS|gotyawallet: Whats that got to do with Serbia
mircea_popescu: the other somalia
KRS|gotyawallet: oh right
pankkake: amateur (in the good sense) wireless networking is easy in a city. but how do you go further?
mircea_popescu: you can get satellite links anywhere.
pankkake: so we just need spacex to accept bitcoins!
mircea_popescu: the virgin thing already does
truffles: why is it america has such good internet connections
truffles: europe sucks with this!I!
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
mircea_popescu: truffles are you kidding ?
pankkake: most of europe is pretty well served
mircea_popescu: actually that's what i'd like to ipo : a telecom satellite launcher corp.
mircea_popescu: it can't be THAT hard.
Apocalyptic: mircea, I thought you had him on ignore
truffles: i feel like its intermittent or something
mircea_popescu: Apocalyptic http://log.bitcoin-assets.com/?date=03-12-2013#402974 ☝︎
truffles: http://www.dailymail.co.uk/news/article-2464131/Britain-facing-high-risk-blackouts-5-years.html
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: no doubt
Duffer1: need cable grade ping time or better though
ThickAsThieves: just put the internet in the blockchain
ThickAsThieves: bitcoin solves everything!
assbot: [HAVELOCK] [NEOBEE] 414 @ 0.0029 = 1.2006 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 597 @ 0.00288 = 1.7194 BTC [-]
Apocalyptic: lul
ThickAsThieves: If anyone is interest Danny Brewster, Neo, is tweeting from the Cyprus Investor Show, lotsa pics, including the POS unit https://twitter.com/BtcDanny
ThickAsThieves: interested*
kakobrekla: shiny black fetish bags
kakobrekla: GIMMESUM!
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.
ThickAsThieves: https://twitter.com/BtcDanny/status/407128229208940544/photo/1/large
ozbot: Twitter / BtcDanny: I'm famous now http://t.co/8jkmO48yn4
ThickAsThieves: hehe
truffles: just read that one
truffles: he's a brit?
ThickAsThieves: originally, yes
truffles: hairstyle/face combo is typical
truffles: colors and bags look nice
ThickAsThieves: it's an interesting choice of brand colors
assbot: [HAVELOCK] [HMF] 12 @ 0.02591675 = 0.311 BTC [-] {2}
ThickAsThieves: black and yellow
ThickAsThieves: not very common
truffles: http://www.youtube.com/watch?v=UePtoxDhJSw
ozbot: Wiz Khalifa - Black And Yellow [Official Music Video] - YouTube
ThickAsThieves: i hat ethat song so much
truffles: hahaha
truffles: never watched vid before
ThickAsThieves: i do like a few Wiz songs tho
ThickAsThieves: that chorus though
ThickAsThieves: so bad
truffles: song feels like its 20mins long..
ThickAsThieves: Jay Z & Beyonce have gone vegan
truffles: for 22 days
truffles: *
ThickAsThieves: thats all it takes
jcpham: http://i.imgur.com/rnQZJcz.jpg
jcpham: faulty pens
truffles: lmao
truffles: massive cocks
ThickAsThieves: the comments on that youtube page kinda show that google's switch to using google+ to clean comments didnt work
jcpham: my pens never do that
ThickAsThieves: "i don't know wtf this black cunt is singing"
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
truffles: i often do, i blame google
assbot: [HAVELOCK] [AM1] 1 @ 0.3486 BTC [-]
truffles: saw at least 3 women in that phot, 1 guy looks arab, 1 black guy hmm
truffles: http://t.co/0WzwpkMD5O
ozbot: Twitter / BtcDanny: Good turnout http://t.co/0WzwpkMD5O
assbot: [HAVELOCK] [NEOBEE] 81 @ 0.0029 = 0.2349 BTC [+]
truffles: it wasnt a black guy nm
thestringpuller: truffles has to be french
thestringpuller: that's the only place they grow
truffles: i just ate the last one
thestringpuller: ThickAsThieves hate's Wiz Khalifa too.
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 [-]
thestringpuller: https://soundcloud.com/halonyc/you-aint-got-the-answers - YES
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...
thestringpuller: He plagarized Chrono Trigger!
pankkake: so skinny
thestringpuller: https://www.youtube.com/watch?v=phWoiyfA8ls#t=23 - it's like "really?"
truffles: i was going to say he wasnt wearing enough yellow in song
ThickAsThieves: lol at that soundcloud song
truffles: omg never been part 2?
truffles: there was a part 1
truffles: ..
assbot: [HAVELOCK] [NEOBEE] 1002 @ 0.00294304 = 2.9489 BTC [+] {5}
thestringpuller: ;;bc,24hprc
gribble: Error: Failed to retrieve data. Try again later.
thestringpuller: ;;calc (108 - 50) / 108
gribble: 0.537037037037
thestringpuller: oh man whoever wrote those options is over exposed
assbot: [HAVELOCK] [AM1] 1 @ 0.343 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.3439 BTC [+]
nubbins`: morning
truffles: good evening
davout: afternoon
assbot: [MPEX] [S.MPOE] 6500 @ 0.00081266 = 5.2823 BTC [+]
jcpham: http://i.imgur.com/NVaWlme.jpg
jcpham: http://www.reddit.com/r/Bitcoin/comments/1s2qym/bitcoin_santa_on_good_morning_america/
jborkl: https://bitcointalk.org/index.php?topic=350732.msg3775469#msg3775469
ozbot: COINTERRA IS REAL -> NO SCAM!!
pankkake: being "real" is having an address and people behind it?
pankkake: how about delivering
pankkake: who cares if they are aliens from the moon
jborkl: well, I was reading how the Ravi is/might be a escort
pankkake: :D
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}
Diablo-D3: wt?
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?
nubbins`: trying to troubleshoot a loaf
assbot: [HAVELOCK] [NEOBEE] 333 @ 0.00294999 = 0.9823 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]
jborkl: Well, they are there
jborkl: in suite 303
nubbins`: great
davout: nubbins`: yup
nubbins`: ah, re: bread?
nubbins`: so i'm making sourdough
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
nubbins`: HAHA
nubbins`: no trouble there ;(
assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 115 @ 0.00294998 = 0.3392 BTC [+] {2}
ThickAsThieves: neumann studio monitor system ... heaven
ThickAsThieves: breaking them in with Fuckin' Problems - ASAP/Drake/Kdot :)
ThickAsThieves: thestringpuller might preciate that
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
nubbins`: just not sure about sourdough
davout: nubbins`: hm, i'll confess complete ignorance
nubbins`: heh
nubbins`: i also don't add any store-bought yeast
nubbins`: only sourdough starter
davout: nubbins`: you know, we french people, we just bake bread, it's in our blood xD
nubbins`: :D
davout: i do it with store-bought yeast
nubbins`: j'aime le pain!
davout: le pain c'est bien
nubbins`: yeah, i'm stubborn
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
davout: gross mental image
nubbins`: HEH
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
nubbins`: anyway, gonna go eat a bunch
davout: bon appétit
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?
ThickAsThieves: Ask questions openly, answers will come
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.
ThickAsThieves: http://www.wired.com/threatlevel/2013/12/swartz-video/?cid=15264324
ozbot: This Is the MIT Surveillance Video That Undid Aaron Swartz | Threat Level | Wired.com
assbot: [HAVELOCK] [COG] 4 @ 0.05799996 = 0.232 BTC [+]
stephengandel: jurov, yes.
stephengandel: azelphur, what do you mean by ask the channel?
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
ThickAsThieves: it is not trusted by some in here
stephengandel: OK, Can I find the same info for coinbr?
ThickAsThieves: youre in the right room for coinbr
ThickAsThieves: jurov runs it
jurov`: stephengandel: i'm the owner of coinbr
ThickAsThieves: and mircea_popescu runs MPEx, the exchange it brokers with
jurov`: All options are priced in bitcoins, and the prices are publisjed on http://mpex.co
stephengandel: OK. On MPEx, what does it mean that the price of o.usd.co50T is 0.785
stephengandel: sorry, 0.0785?
stephengandel: Is that of a bitcoin?
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
stephengandel: intrinsic value is 500 for this contract.
stephengandel: And that'
stephengandel: that's if I buy.
stephengandel: what if I sell the contract?
ThickAsThieves: you can sell it for any price you like
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.
ThickAsThieves: you might need to talk to Mircea
Apocalyptic: then you would buy put contracts
Apocalyptic: not calls
ThickAsThieves: not sure if jurov facilitates writing via coinbr
stephengandel: or sell calls?
ThickAsThieves: yes
jurov`: https://www.bitcoinforum.com/coinbr-com/call-option-calculation/msg2445/#msg2445 see this, section "Going short"
ozbot: Call option calculation - Bitcoin Forum - The Unofficial Bitcoin Forum
stephengandel: Is it the same if I go through coinbr as MPEx?
ThickAsThieves: I think you would need an MPEx account, and to negotiate margin with mircea_popescu
ThickAsThieves: he might even have details in the FAQ
jurov`: stephengandel: yes it's the same, unless you get margin form mircea_popescu
ThickAsThieves: an MPEx account is 30btc, or 25btc with referral
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`: No
jurov`: 30BTC is account directly on MPEx.
stephengandel: I don't understand.
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.
stephengandel: Can you do this without margin?
jcpham: https://www.bitrated.com/
ozbot: Bitrated
jcpham: arbitration escrow
ThickAsThieves: write options? No
jcpham: m-of-n
ThickAsThieves: buy options? Yes
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 [+]
ThickAsThieves: stephengandel, when will bitcoin crash, do you think?
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
ThickAsThieves: do i have someone on ignore?
jurov`: people like him want to speculate on btc without being exposed at all
ThickAsThieves: oh
jurov`: and that's the piece that aint gonna work
jurov`: because loaning bitcoins is too risky
ThickAsThieves: indeed
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.
ThickAsThieves: I love that MPEx costs $35k now
ThickAsThieves: well if you want to "bet" against it
ThickAsThieves: that's much easier
ThickAsThieves: www.bitbet.us
ThickAsThieves: :)
ThickAsThieves: you can join existing bets or make your own
ThickAsThieves: www.bitbet.us?ref=1NfXM69erAWPDdNrZ2k2UkuV7HDPc6Ebwk
ThickAsThieves: better link
ThickAsThieves: :)
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
ThickAsThieves: just make sure you read the BitBet FAQ fully
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?
ThickAsThieves: no
jurov`: They have recently changed the lot to 0.1BTC, so it should be 0.044
jurov`: $avg
mpexbot: jurov`: An error has occurred and has been logged. Please contact this bot's administrator for more information.
stephengandel: why no?
assbot: [HAVELOCK] [NEOBEE] 102 @ 0.00294999 = 0.3009 BTC [+]
jurov`: ;;calc 50/1097.74
gribble: 0.0455481261501
stephengandel: why 50, and not 500?
assbot: [HAVELOCK] [NEOBEE] 125 @ 0.00295 = 0.3688 BTC [+]
jurov`: because it's for 0.1btc
stephengandel: gotcha
ThickAsThieves: well also you dont need collateral to buy puts
jurov`: no, buying puts/calls goes normally
stephengandel: and the current price of that contract is 0.07919108 BTCs.
nubbins`: hm, re: bitrated
jurov`: yes, hefty risk preminum
stephengandel: what do you mean by that?
nubbins`: https://www.bitrated.com/u
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?
ThickAsThieves: no
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
jurov`: they are on mpex.co
jurov`: puts as O.USD.P***
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
ThickAsThieves: that's because a bot algo manages constant orders
ThickAsThieves: currently the risk is high
ThickAsThieves: and thus so is the spread and premium
jurov`: yes. all these 1000's are MPOE offers. but anyone can make their own offers.
jurov`: !t m ^OIX
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: you would lose money
stephengandel: But I bought a put?
ThickAsThieves: last i checked all the options require extreme price movement to profit
ThickAsThieves: 10-15% wont even be close
stephengandel: Do bitcoins have to go down to 800 for the p080 contract to be worth something, or below 800?
ThickAsThieves: they have to offset your premium
stephengandel: Is it different if I was selling a call vs. buying a put?
ThickAsThieves: Namworld, is your calculator still functional?
stephengandel: Seems like selling a call I could make money even if they went down a little bit?
stephengandel: But then I would need margin? Correct?
ThickAsThieves: yes
jurov`: *If* anyne buys it
ThickAsThieves: well the bot might
ThickAsThieves: but the price would still need to move a decent amount
ThickAsThieves: and you'd be shaving small %
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
ThickAsThieves: so you could then sell them at a profit
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
gribble: 48.96240882
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`: ^ it's $49
ThickAsThieves: juriv is showing you that you have your cost wrong
stephengandel: but that's the price to sell. I am buying a put.
stephengandel: So I have to pay the selling price to buy a put?
ThickAsThieves: there are puts for sale with their own prices
ThickAsThieves: of course
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
ThickAsThieves: I see
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?
ThickAsThieves: sounds right
jurov`: yes
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`: so you'll be even
stephengandel: Not at the rate on the day the contract settles?
jurov`: they are american, so you can exercise them anytime
stephengandel: even in bitcoins, but not in dollars?
jurov`: and current rate at exercise time applies
jurov`: what do you mean?
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
ThickAsThieves: hence Buying the Put
ThickAsThieves: rather than selling it
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}
ThickAsThieves: gogogo NEOBEE!
stephengandel: add that to what I had left in my account, and I will have a total of 0.17468842 BTCs.
jurov`: ;;calc (110-50)/50
gribble: 1.2
ThickAsThieves: ;;ticker
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`: hey, wow
nubbins`: that's the firt time neobee has been > ipo for a while, i think?
nubbins`: *first
pankkake: yeah. because IPO was never finished before that
stephengandel: jurov, is that right?
stephengandel: Something I am missing?
ThickAsThieves: pankkake, yes, but the investor site is not fully functional it seems
ThickAsThieves: so some shares are locked but not purchased
pankkake: I wonder if this is a "must have shares now" or not knowing
ThickAsThieves: i dont even know how many are actually sold now :/
ThickAsThieves: waiting for access
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?
ThickAsThieves: why does that matter
ThickAsThieves: sell them
jurov`: you will bet B0.12 *500 = $60
jurov`: *get
ThickAsThieves: obv you need to be doing higher volume than one option to make money anyway, so exchange fees wont be an issue
stephengandel: what are the exchange fees?
ThickAsThieves: check your exchange
stephengandel: on coinbr?
ThickAsThieves: coinbr is not an exchange
jurov`: coinbr does not touch fiat
stephengandel: ok on mpeX
ThickAsThieves: them either
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`: mpex either
ThickAsThieves: you want coinbase or campbx or mtgox or bitstamp
ThickAsThieves: etc
jurov`: you neex fiat-to-bitcoin exchange, like mtgox
ThickAsThieves: etc
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?
mike_c: see my example.
mike_c: you make $15
ThickAsThieves: do it 100 times and you make $1500 :)
ThickAsThieves: less exchange fees
ThickAsThieves: typically in the 1% range
stephengandel: OK.
jurov`: yes. in your example you will get *$60 worth of bitcoins*
assbot: [HAVELOCK] [NEOBEE] 45 @ 0.00322253 = 0.145 BTC [+] {3}
ThickAsThieves: gotta say though, be careful shorting bitcoin...
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% :)
thestringpuller: hey jurov` you get the pm?
assbot: [HAVELOCK] [NEOBEE] 230 @ 0.00323999 = 0.7452 BTC [+] {2}
jurov`: thestringpuller: a bit of patience, maybe>
jurov`: ?
thestringpuller: no the link i sent last night
thestringpuller: nm pm
stephengandel: But mike
iamnot_: whatever happened to XBOND? I don´t see it on Havelock anymore...
pankkake: iamnot_: recalled :(
mike_c: scam!
mike_c: (j/k)
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?
stephengandel: Just what it cost me to buy the puts or more?
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?
stephengandel: is wrote an option the same as selling a call?
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`: yes
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
stephengandel: is this what you guys use for the spot price: http://preev.com/
ThickAsThieves: no
jurov`: http://bitcoincharts.com/markets/currencies/ <this
ozbot: Bitcoin Charts / Markets
jurov`: 24h price is used
ThickAsThieves: $avg
mpexbot: ThickAsThieves: An error has occurred and has been logged. Please contact this bot's administrator for more information.
ThickAsThieves: whats the other way to pull it?
mike_c: ;;bc,24hprc
gribble: Error: Failed to retrieve data. Try again later.
ThickAsThieves: hehe
thestringpuller: okay we need another cross exchange
thestringpuller: ticker
thestringpuller: cause the bot isn't even quoting...
nubbins`: ;;ticker --market all
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
assbot: 123!
nubbins`: 796!
assbot: 123!
pankkake: ;;ticker --market btcavg
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
ThickAsThieves: I'll IPO an indexing website
ThickAsThieves: at 750000btc valuation
thestringpuller: how would that even bring in revenue?
ThickAsThieves: you guys in?
ThickAsThieves: from the IPO
thestringpuller: i'm in lets do it
ThickAsThieves: duh
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?
thestringpuller: IPO it on btctco
pankkake: I'd just make the IPO on a BTC address
pankkake: tell them it's colored coins
ThickAsThieves: yep, itll be dutch style
jurov`: mike_c just do the maths. you write one P100
ThickAsThieves: send me coins, you get your proportion
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
mike_c: derp. got it.
jurov`: and you exercise, getting 90 BTC
stephengandel: prices appear to have disappeared on mpex
thestringpuller: stephengandel: bot isn't quoting due to broken pipes
ThickAsThieves: the data source for the spot price is down
thestringpuller: yea
ThickAsThieves: so the bot pulled its orders
thestringpuller: the weightedprice is going up tho so good time for calls
mike_c: ThickAsThieves: sentiment is moving against you. http://bitbet.us/bet/519/btc-network-difficulty-to-top-1b-before-2014/
ThickAsThieves: obv
ThickAsThieves: ;;nethash
gribble: 6400549.04237
ThickAsThieves: ;;estimate
gribble: Next difficulty estimate | 872182330.638 based on data since last change | 894132728.373 based on data for last three days
ThickAsThieves: ;;bcstats
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
thestringpuller: wow one more 23% change and it's on
ThickAsThieves: well the next change might only need to be 13%
iamnot_: ThickAsThieves: Graet and Ukyo loans paid daily dividends. Do you know if those are still around in the form of direct shares?
ThickAsThieves: haha
pankkake: they are kinda defaulting
zoinky: are they?
pankkake: well, not sure yet
ThickAsThieves: well Graet.loan was largely debt consolidation
pankkake: but for sure you can't redeem right now
ThickAsThieves: so good luck with that one
ThickAsThieves: and Ukyo.loan is in limbo
iamnot_: thanks for the heads up. i will read up on them.
ThickAsThieves: for about a month+
thestringpuller: ThickAsThieves is the only one to have large debt repaid
zoinky: havent been keeping up to date with them
zoinky: since i walked away
thestringpuller: well and namworld
pankkake: Namworld too
ThickAsThieves: Namworld is not fully paid
zoinky: nuts
pankkake: :/
ThickAsThieves: if the next diff is 89, then that means about 830 more TH will push me to lose
ThickAsThieves: well mor ethan that
ThickAsThieves: depends on depeloyment rate
ThickAsThieves: deployment*
ThickAsThieves: about 1400TH was added so far in this diff period
mike_c: how many erupters is that?
ThickAsThieves: lol
ThickAsThieves: usb erupters?
ThickAsThieves: :)
ThickAsThieves: I think the AM cubes are like 30GH?
mike_c: wow, 1400t this period. crazy.
ThickAsThieves: they have about 3000 left to sell i think
thestringpuller: damn son
ThickAsThieves: so not even a dent
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
nubbins`: weex 4 prez
ThickAsThieves: i assume back divs are paid in either case
thestringpuller: So Ukyo isn't defaulting....
ThickAsThieves: oh, they are locked in Weex
ThickAsThieves: the repayment rate is unknown though
thestringpuller: lololol
ThickAsThieves: wasnt meant to be a joke
ThickAsThieves: just a factor
thestringpuller: http://i.imgur.com/STdRfL5.png
mike_c: ^ hah! awesome
ThickAsThieves: hehe
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?"
ThickAsThieves: uhh
ThickAsThieves: so you were viewing Havelock
ThickAsThieves: and couldnt figure out what to do?
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}
thestringpuller: lemme guess from the forums?
assbot: [HAVELOCK] [COG] 4 @ 0.05699979 = 0.228 BTC [-] {3}
nubbins`: STEVIE
ThickAsThieves: no thats email
mod6: ;;bc,stats
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
nubbins`: http://imgur.com/pYS9z0W
ozbot: imgur: the simple image sharer
pankkake: that looks like an inverted black cock?
thestringpuller: nubbins`: that's my name don't wear it out :P
pankkake: dumb me, it's named black hen
nubbins`: ;)
nubbins`: to both of you
ThickAsThieves: neat, have you ever worked with dye-sublimation?
nubbins`: nope, not set up for that atm
ThickAsThieves: I used to run and maintain ESTAT machines
ThickAsThieves: then moved to Mimaki
ThickAsThieves: and solvent too
nubbins`: we don't have the ventilation for solvent inks 8)
nubbins`: some day
ThickAsThieves: i still prefer screen-printed stuff anyway
nubbins`: nod
ThickAsThieves: it's the teen punk in me
nubbins`: you can get additives for printing on polyester
nubbins`: so the ink doesn't migrate
thestringpuller: ThickAsThieves: grinds every rail ever
ThickAsThieves: i never skated
nubbins`: nah
ThickAsThieves: i was too cool for that shit
nubbins`: bet you were pretty good at tony hawk, tho
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00302 = 0.151 BTC [-]
ThickAsThieves: nope, mario kart
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
ThickAsThieves: i was too busy rocking out to skate anyway
nubbins`: really intense
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
kakobrekla: payout is merged
kakobrekla: in a single tx
nubbins`: ThickAsThieves: ever listened to Metz? you might like em
jamespeerless: so they're basically independent? and then it just adds the payouts together
ThickAsThieves: i havent nubbins, will check em out
kakobrekla: they are independed bets yes , but if you win you will get 1 tx only
jamespeerless: k
kakobrekla: to account for all of them
nubbins`: http://www.youtube.com/watch?v=krGDNbT4CSE
ozbot: METZ - Wet Blanket [OFFICIAL VIDEO] - YouTube
assbot: [HAVELOCK] [NEOBEE] 134 @ 0.0030225 = 0.405 BTC [+] {2}
KRS|gotyawallet: Wow..this is sobering http://www.offgridminds.com/misinformation-blog/2013/12/1/bitcoin-rise-to-the-dead-end.html
jurov`: ;;market sell 1000
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
chaang-noi: ch0000 ch0000!
nubbins`: i mean, in order to convert x btc into $50m, other users have to put that $50m into the exchange
jurov`: ;;market sell 10000
KRS|gotyawallet: idk
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
nubbins`: or am i missing something
KRS|gotyawallet: i think
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
KRS|gotyawallet: more like ;;market sell 140000
ThickAsThieves: that seems to have trouble forming coherent sentences and concepts
KRS|gotyawallet: ;;market sell 140000
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?"
ThickAsThieves: guy*
KRS|gotyawallet: ooofuh
nubbins`: from the people buying the btc
nubbins`: what a fuckin dummy
nubbins`: haha, first comment.
pankkake: he must think bitcoins are "backed" by things
ThickAsThieves: I thought he was gonna make a decent point,
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 [+]
ThickAsThieves: this would help with losses caused by the exhcnage
ThickAsThieves: errors, hacks, etc
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
pankkake: you just printed it again
nubbins`: ^
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.
pankkake: yeah, but for how long?
nubbins`: okay, but why would you chase the price all the way down to $8?
nubbins`: rather than cashing out slowly to maximize profit
KRS|gotyawallet: right
nubbins`: i mean, i know we're all irrational actors
nubbins`: but there are limits to the insanity
KRS|gotyawallet: or give up your position alltogether?
KRS|gotyawallet: if YOU have the btc, OTHERS dont
benkay: ;;market sell 140000
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: that's only on mtgox too
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`: he can take all at once
nubbins`: and get much less
nubbins`: or he can spread it over months/years
nubbins`: and get much more
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
KRS|gotyawallet: haha a lot of people do
benkay: ;;ticker
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
KRS|gotyawallet: http://www.forbes.com/sites/quora/2013/12/03/what-is-beijings-rationale-for-promoting-bitcoin/
ozbot: What Is Beijing's Rationale For Promoting Bitcoin? - Forbes
assbot: [HAVELOCK] [NEOBEE] 2466 @ 0.00291761 = 7.1948 BTC [-] {6}
ThickAsThieves: "China’s economy is too slanted"
Vexual: thats racist
ThickAsThieves: hehe
ThickAsThieves: he's Chinese, it's ok
KRS|gotyawallet: HAHA
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!
Namworld: re nubbins/KRS
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
Namworld: I know...
KRS|gotyawallet: What about Somalia
kakobrekla: i hear dat.
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`: jurov`: they speak french!
jurov`: oui?
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
jurov`: but it's a term
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
nubbins`: sure
nubbins`: it's just a silly term
jurov`: maybe you don't kned hard/long anough?
Vexual: got a doughmixer?
nubbins`: no mixer
nubbins`: all hand work
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`: hmm, yeah
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
nubbins`: like
Vexual: you could cheat and chuck some more yeast in
nubbins`: i'm not irish-canadian or british-canadian
nubbins`: i was born here
nubbins`: i'm just canadian
jurov`: nope, you're eurocanadian
jurov`: :DDDD
nubbins`: european-canadian
Vexual: trasheh?
KRS|gotyawallet: Cheers, we are all millionaires http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12
nubbins`: Vexual: i can't bring myself to add store yeast
KRS|gotyawallet: meh
nubbins`: the flavor is just too good as it is
jurov`: what about bitbetting the meeeelion?
jurov`: would you?
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`: i just had a tuna sandwich
nubbins`: and i was in ecstasy
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.
jurov`: roflol
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
nubbins`: lel
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?
stephengandel: jurov, you still here?
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
Vexual: https://js.gg/bitcoin-becoming-a-standard-part-of-lawsuit-discovery-requests/
ThickAsThieves: ah
ozbot: Bitcoin becoming a standard part of lawsuit discovery requests | Jeff Steinport
ThickAsThieves: yes it does
stephengandel: And the collateral I would have to post to sell a $500 call would be .45 of a bitcoin?
ThickAsThieves: Vexual, bitcoin will be great for divorces
ThickAsThieves: hehe
stephengandel: strike / spot BTCUSD + some MPEx-proprietary padding.
stephengandel: or $495
ThickAsThieves: i dont know that one, i assume the collateral is the full value
ThickAsThieves: .1
ThickAsThieves: but you need to ask someone else for sure
asciilifeform: simple test of your security arrangements. if your PC were to fall into enemy hands, would he know how much BTC you have? (or where.)
jurov`: stephengandel: the info on the forum is obsolete, as the lot changed from 1BTC into 0.1BTC
asciilifeform: if the answer is yes, consider it to already belong to the enemy.
jurov`: so just divide the collateral by 10
asciilifeform: why do you suppose the 'legit' exchanges want your government id? precisely to simplify confiscation.
asciilifeform: 'aha, you bought 100btc. where is it now? we have this here soldering iron, and you have an arse...'
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?
stephengandel: How do I do that? Just kidding.
jurov`: hedge what?
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`: heh
ThickAsThieves: and then who's gonna buy your call?
nubbins`: i don't bet anymore, or even invest
nubbins`: i just hold
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
KRS|gotyawallet: heh
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
ThickAsThieves: nice
jurov`: *er.. fix: 0.033
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
stephengandel: So the prices on mpex aren't real?
jurov`: there's a bot a marketmaker, and her prices are real
jurov`: but anyone can offer other price
jurov`: also real
stephengandel: And I could get a better price from you?
kakobrekla: is this real life?
stephengandel: What's the price if I wanted to sell the 050 call?
stephengandel: I guess what would you pay me?
stephengandel: Still don't understand how to figure out what that would be worth if the price of a bitcoin drops
ThickAsThieves: kakobrekla, no this is IRC
ThickAsThieves: just take the value you want it to settle at
ThickAsThieves: and subract your premium
jurov`: current intrinsic value of C050 is about $650 = B0.565
jurov`: oh sry that would be for 10 of them
jurov`: one is B0.0565
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?
jurov`: no i'll exercise it
Vexual: megabyte blocks everywhere
pankkake: scammers mixing coins!
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] <ThickAsThieves> nice
Namworld: [15:04] <jurov`> *er.. fix: 0.033
Namworld: what?
stephengandel: hey, jurov, the fee for buying a put is 1%. Is that for buying and sell?
Namworld: Arg, stupid mIRC
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
stephengandel: Or is it just the 1% when I buy the put
Namworld: darn
TomServo: Namworld: I assume you're aware highlighting copies to clipboard?
Namworld: Yes
Namworld: I don't think I ever highlighted that part
ThickAsThieves: lies
Namworld: Obviously
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 [+]
thestringpuller: mm
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.
stephengandel: i lost the feed from earlier
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
stephengandel: how do I do that?
stephengandel: the search?
nubbins`: yeah, it's a website, just ctrl-f :)
nubbins`: or command-f, even
dub: no dont command-f
dub: thats for lames
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: http://www.theguardian.com/world/video/2013/dec/04/nigerian-rescued-sunken-boat-trapped-atlantic-video
ThickAsThieves: holy crap
Namworld: 3 days in an air pocket in a sunken boat at the bottom of the atlantic... must feel lonely
Duffer1: o.0
arbon: Lonely? I'm thinking more like terrified
ThickAsThieves: http://www.theverge.com/2013/12/4/5175488/researchers-find-400000-year-old-human-dna-spain-oldest-found
ozbot: Oldest ever human DNA found in Spain, raises new questions about evolution | The Verge
assbot: [HAVELOCK] [VTX] 25 @ 0.1518 = 3.795 BTC [+]
Apocalyptic: these nigerians are resilient
ThickAsThieves: wow ebay fees are absurd
truffles: haha
ThickAsThieves: i havent sold there in forever
truffles: so u r interested in evoluation TAT
ThickAsThieves: they take like 10%
ThickAsThieves: i evolve every day
Apocalyptic: lulz
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 [-]
ThickAsThieves: so what do people use instead?
ThickAsThieves: craigslist?
pankkake: I still use ebay… it has the most stuff
ThickAsThieves: meh
ThickAsThieves: fukn robbery
pankkake: and the most buyers too
pankkake: craigslist doesn't have a reputation system right?
deadweasel: nope
ThickAsThieves: well i'm a seller in this case
pankkake: I guess it's ok if you sell it face-to-face
ThickAsThieves: yeah
deadweasel: ThickAsThieves: what are you slinging now?
ThickAsThieves: nunya
deadweasel: i'll take 3
deadweasel: does it mine?
deadweasel: ;)
ThickAsThieves: heh i thought i invented nunya just now
ThickAsThieves: apparently not
assbot: [HAVELOCK] [NEOBEE] 150 @ 0.00301699 = 0.4525 BTC [+] {2}
ThickAsThieves: ;;ud nunya
gribble: http://www.urbandictionary.com/define.php?term=nunya | 2. nunya. A response to a rude question where someone is asking for personal information they are not ... Nunya is part of a burn to follow such a rude inquiry.
ozbot: Urban Dictionary: nunya
pankkake: I can sell you an abacus. It mines.
ThickAsThieves: https://bitcointalk.org/index.php?topic=357022.msg3827014#msg3827014 pankkake, SMG is making a Second Life?
ozbot: New stock on Havelock: 7C (Games on the 7th continent)
pankkake: I don't know, it's a MMORPG?
ThickAsThieves: i thought it was an mmorpg?
pankkake: with bitcoin economy in it? well, it seems similar enough to me
ThickAsThieves: now that you frame it that way i guess it is the same
ThickAsThieves: but better
ThickAsThieves: cuz you can slay monsters
ThickAsThieves: etc
pankkake: oh, right. second life is just boring
ThickAsThieves: yep
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
ThickAsThieves: they are mor elike Sims players
ThickAsThieves: which also painfully boring
ThickAsThieves: is
pankkake: sims is manipulating people, second life is being someone else
pankkake: (usually a transexual furry slave)
truffles: ha
truffles: what do u play?
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: its pretty boring
dub: you can grind out real money from 'playing' sl though
truffles: never played
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
ThickAsThieves: probly something Eulora will also be better at
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
pankkake: https://en.wikipedia.org/wiki/Economy_of_Second_Life#Monetary_policy hahaha
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
Namworld: You can? Weird
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. "
ThickAsThieves: guy had to confined 2 more days!
ThickAsThieves: be
deadweasel: best two days of his life
deadweasel: anticipation of life
truffles: or death
Apocalyptic: http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12
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
deadweasel: that means he does.
pankkake: clever!
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
Apocalyptic: ", rofl
deadweasel: a lot of effort into that excuse.
deadweasel: this Riddick 3 hdcam is awesome.
deadweasel: total formula flick, but good
kakobrekla: http://lamborghininewportbeach.blogspot.com/2013/12/we-just-sold-our-very-first-vehicle.html
ozbot: Lamborghini Newport Beach Blog: We just sold our very first vehicle with Bitcoin as legal tender
pankkake: as legal tender?
kakobrekla: dunno
kakobrekla: havent read it
ThickAsThieves: it's Bugpowder!
dub: https://twitter.com/Wu_Tang_Finance/status/408370614315925504
ozbot: Twitter / Wu_Tang_Finance: I WAS A TERROR SINCE THE BUSINESS ...
kakobrekla: i bet it went for less than my Golf
pankkake: makes no sense to buy a car with bitcoin, just take a fiat loan
pankkake: fiat, hehe!
kakobrekla: dont buy Fiat!
ThickAsThieves: buy a Fiat with bitcoin
dub: dont buy vw either, jesus
pankkake: buy a silver fiat panda
kakobrekla: well, twas only 500 btc ya know
pankkake: at least it wasn't a pizza…
Apocalyptic: still a pretty expensive golf
ThickAsThieves: 1 pizza costs 20 Teslas
ThickAsThieves: wacky world
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
kakobrekla: lol ok w/e
dub: purchase price $1, yearly maintenance bill $1000000
kakobrekla: not here
kakobrekla: here is one of the cheapest cars to run
kakobrekla: and it breaks down very little
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
Apocalyptic: hate oil burners..
kakobrekla: lol
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
dub: yes it DOES
kakobrekla: just makes you in a bad position :)
dub: FU
kakobrekla: dub got all pissy
assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0030173 = 0.1509 BTC [+]
kakobrekla: do not ever again metion golf
pankkake: it's funny how there are almost no american cars in yurop
kakobrekla: words of wisdom
kakobrekla: pankkake cause they are retarded
truffles: when did it become a yurop thing..
pankkake: I doubt asians buy any either yeah
pankkake: but everyone buys their cars
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"
truffles: isnt that a good thing
pankkake: too much users to handle
pankkake: (and owner is probably rich enough to retire)
truffles: i c
pankkake: http://www.deepdotweb.com/2013/12/01/bmr-is-shutting-down/
ozbot: BMR Is Shutting Down | Deep Dot Web
truffles: where r all the addicts gonna turn now
pankkake: BMR was guns, too
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'
Apocalyptic: true