Dawn of Time
| 2013-04-26 →
↓
20:01 | pgp3 | just looked at chart... shit... a couple hours can be an eternity in bitcoin land... |
↖ ↖ ↖ | ||
20:01 | kakobrekla | :) |
20:02 | mircea_popescu | what now |
20:02 | mircea_popescu | ;;ticker |
20:02 | gribble | BTCUSD ticker | Best bid: 142.16804, Best ask: 142.49990, Bid-ask spread: 0.33186, Last trade: 142.16804, 24 hour volume: 166821.51265896, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.49206 |
20:02 | mircea_popescu | heh |
20:02 | pgp3 | someone dumped A LOT of coin... jeez... |
20:03 | tiberiusiv | not really |
20:10 | gesell | can someone explain what happened that caused the drop to $90? |
20:10 | KRS1 | lol |
20:10 | Scrat | pizza was delivered to the gox headquarters |
20:11 | Scrat | the rest is history |
20:11 | KRS1 | this shit is nutty |
20:11 | KRS1 | some corn on the side too |
20:12 | gesell | no really, i dont see much on reddit and wasnt around at the time |
20:12 | gesell | so what really happened? |
20:12 | jurov | should we tell him? |
20:12 | KRS1 | look, its like this..this shit is nuttier than a port-o-potty at a peanut festival |
20:12 | Scrat | jurov: ssshhh |
20:13 | pgp3 | lol |
20:13 | mod6 | haha |
20:13 | pgp3 | what do you mean $90... I don't see that anywhere... |
20:14 | KRS1 | prolly a different exchange? |
20:14 | gesell | 25th at 22:25 for 91 |
20:14 | gesell | mtgoxusd |
20:15 | pgp3 | maybe that was the limit price? |
20:15 | mircea_popescu | gesell someone fucked up the wash trading ? |
20:15 | pgp3 | low was around 120 |
20:18 | gesell | hmm... well i had a lot of orders at $88 that got fulfilled |
20:19 | gesell | guess it was my fault |
20:20 | gesell | oh blah |
20:21 | gesell | my bad |
20:21 | gesell | sorry |
20:21 | gesell | just reading the gox emails wrong |
20:21 | gesell | was from a long time ago |
20:22 | assbot | [BTCTC] [ASICMINER-PT] 1 @ 1.16 BTC [-] |
20:26 | assbot | [HAVELOCK] [HIM] 1 @ 1.705 BTC [-] |
20:28 | assbot | [BTCTC] [BTC-GOLD] 1 @ 0.00111 BTC [-] |
20:31 | thestringpuller | ;;tiocker |
20:31 | gribble | Error: "tiocker" is not a valid command. |
20:32 | thestringpuller | ;;ticker |
20:32 | gribble | BTCUSD ticker | Best bid: 142.25001, Best ask: 142.36000, Bid-ask spread: 0.10999, Last trade: 142.36000, 24 hour volume: 177752.29026620, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.50780 |
20:32 | assbot | [MPEX] [S.MPOE] 1293 @ 0.00069843 = 0.9031 BTC [+] |
20:44 | thestringpuller | mircea_popescu, that's what they call you. bitcoin billi-on-aire, lots of niggas say it ain't fair. |
20:45 | mircea_popescu | oddly, it's the crackers sayin' it ain't fair. |
20:45 | thestringpuller | LOL |
20:45 | thestringpuller | haters everywhere, tell em to grow a pair? |
20:46 | thestringpuller | as you sit in your lair, surrounded by bitches shaved with nair. |
20:47 | mircea_popescu | "The Less That You Wear, the More You Need Nair!" |
20:47 | mircea_popescu | lmao that's retarded. |
20:48 | thestringpuller | hahaha |
20:49 | mircea_popescu | basically sodium hidroxide ?! ouch. |
20:50 | assbot | [MPEX] [S.MPOE] 1550 @ 0.00069955 = 1.0843 BTC [+] |
20:52 | assbot | [BTCTC] [B.YABMC] 1 @ 0.01629 BTC [+] |
20:54 | assbot | [HAVELOCK] [HIM] 1 @ 1.7997 BTC [+] |
20:55 | assbot | [HAVELOCK] [VTX] 10 @ 0.4485 = 4.485 BTC [+] |
20:55 | assbot | [HAVELOCK] [VTX] 10 @ 0.4485 = 4.485 BTC [+] |
21:00 | assbot | [MPEX] [S.MPOE] 5950 @ 0.00070076 = 4.1695 BTC [+] |
21:03 | assbot | [HAVELOCK] [VTX] 4 @ 0.4485 = 1.794 BTC [+] |
21:17 | assbot | [HAVELOCK] [VTX] 11 @ 0.4201 = 4.6211 BTC [-] |
21:17 | assbot | [HAVELOCK] [VTX] 1 @ 0.42 BTC [-] |
21:19 | assbot | [HAVELOCK] [VTX] 4 @ 0.40070003 = 1.6028 BTC [-] |
21:19 | assbot | [HAVELOCK] [VTX] 25 @ 0.40070002 = 10.0175 BTC [-] |
21:25 | assbot | [HAVELOCK] [HIM] 1 @ 1.7997 BTC [+] |
21:27 | assbot | [BTCTC] [COGNITIVE] 1 @ 0.198 BTC [+] |
21:27 | assbot | [BTCTC] [COGNITIVE] 5 @ 0.1981 = 0.9905 BTC [+] |
21:29 | assbot | [BTCTC] [COGNITIVE] 5 @ 0.1983 = 0.9915 BTC [+] |
21:35 | assbot | [BTCTC] [BTC-BOND] 6 @ 0.009996 = 0.06 BTC [+] |
21:35 | assbot | [BTCTC] [BTC-BOND] 5 @ 0.009997 = 0.05 BTC [+] |
21:35 | assbot | [MPEX] [S.MPOE] 9050 @ 0.00070076 = 6.3419 BTC [+] |
21:35 | assbot | [MPEX] [S.MPOE] 11617 @ 0.00070092 = 8.1426 BTC [+] |
21:35 | assbot | [BTCTC] [BTC-BOND] 2 @ 0.009999 = 0.02 BTC [+] |
21:37 | assbot | [HAVELOCK] [SDICE] 2 @ 0.28000002 = 0.56 BTC [-] |
21:37 | assbot | [HAVELOCK] [SDICE] 10 @ 0.28000001 = 2.8 BTC [-] |
21:38 | assbot | [BTCTC] [RSM] 1 @ 0.00303 BTC [-] |
21:38 | assbot | [BTCTC] [RSM] 238 @ 0.00302 = 0.7188 BTC [-] |
21:46 | Diablo-D3 | ;;ticker |
21:46 | gribble | BTCUSD ticker | Best bid: 140.10015, Best ask: 140.98999, Bid-ask spread: 0.88984, Last trade: 141.22614, 24 hour volume: 187759.77712509, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.12243 |
21:52 | asciilifeform | epic troll? http://www.americanbanker.com/bankthink/governments-must-co-opt-bitcoin-to-avert-disaster-1058380-1.html?zkPrintable=1&nopagination=1 |
21:53 | tiberiusiv | ;;bids 50 |
21:54 | gribble | There are currently 151705.18 bitcoins demanded at or over 50.0 USD, worth 12737481.7987 USD in total. | Data vintage: 0.0082 seconds |
22:03 | tiberiusiv | ;;bids 120 |
22:03 | gribble | There are currently 21257.668 bitcoins demanded at or over 120.0 USD, worth 2718075.47269 USD in total. | Data vintage: 0.0060 seconds |
22:05 | jcpham | http://www.nature.com/srep/2013/130425/srep01684/full/srep01684.html |
22:05 | jcpham | hurt yourself reading what i'm reading |
22:06 | asciilifeform | jcpham: idea: rape the algo traders who read this by implementing a contrarian algo |
22:17 | assbot | [HAVELOCK] [SDICE] 1 @ 0.29 BTC [+] |
22:17 | mircea_popescu | A recent investigation has shown that the number of clicks on search results stemming from a given country correlates with the amount of investment in that country |
22:17 | mircea_popescu | totally. this is so useful and everything. |
22:17 | mircea_popescu | buncha onanists, these people. |
22:27 | seongyupyoo | hi, i'm back with couple of questions |
22:27 | seongyupyoo | mircea still here? |
22:28 | mircea_popescu | yea |
22:29 | seongyupyoo | cool, so i've been thinking really hard about destorying, and really the only way this system would be viable if the destroy funds are either really destroyed, sent to void, sent back to blockchain somehow |
22:29 | seongyupyoo | i'm wondering what ways there are to do 1. really destroy bitcoins 2. blackhole it 3. give it back to blockchain |
22:30 | seongyupyoo | could you help? |
22:30 | ThickAsThieves | what's the difference between 1 and 2 |
22:30 | mircea_popescu | well, 1 justg send them to a fixed address like 1blackhole398759347589 |
22:30 | seongyupyoo | i don't know as i don't know how to do either |
22:31 | ThickAsThieves | 3 is best |
22:31 | ThickAsThieves | you dont want to be a destroying coins |
22:31 | ThickAsThieves | and you couldnt prove that you were |
22:31 | seongyupyoo | ok so 1 and 2 are same |
22:31 | mircea_popescu | seongyupyoo its simple, just send coins to an address that nobody has the key for. |
22:31 | mircea_popescu | something arbitrary, like 1thisaddressisablackhole |
22:31 | mircea_popescu | you'll need to calculatge the checksums so it validates, but that's no big deal |
22:32 | seongyupyoo | ok |
22:32 | mircea_popescu | 3 you could just add it as miner fee in a tx. |
22:32 | ThickAsThieves | but the problem there is you are accelerating deflation |
22:32 | seongyupyoo | so i got that now 1 and 2 are same and you just send to an address that no one has key to |
22:32 | mircea_popescu | like, make a tx with 100 btc inputs, 1 satoshi outputs |
22:33 | seongyupyoo | i'm not following you when you say make tx with 100 input to and 1 output |
22:33 | mircea_popescu | all bitcoin txs have some inputs and some outputs. |
22:33 | seongyupyoo | how verifiable is adding as fee though? |
22:33 | mircea_popescu | very. |
22:33 | ThickAsThieves | he means .00000001 output |
22:33 | seongyupyoo | people will need to be able to see that their exact fund amount has been destroyed at that time |
22:33 | ThickAsThieves | easy you just link them to the tx |
22:33 | mircea_popescu | you just check the tx in blockchain, it'll be there. 100 goes in, 1 goes out so 99 was miner fee |
22:34 | mircea_popescu | or w/e actual numbers. |
22:34 | assbot | [MPEX] [S.MPOE] 4033 @ 0.00070092 = 2.8268 BTC [+] |
22:34 | assbot | [MPEX] [S.MPOE] 11595 @ 0.00070129 = 8.1315 BTC [+] |
22:34 | seongyupyoo | so send money from my wallet to my wallet with 100 input and 1 output if i don't to give back 99? |
22:35 | mircea_popescu | um |
22:35 | mircea_popescu | come again ? |
22:35 | seongyupyoo | i'm just trying to clarify how to make a transaction |
22:36 | seongyupyoo | who is it going to and from? |
22:36 | seongyupyoo | 100 input and 1 output |
22:36 | mircea_popescu | whoever you want. |
22:36 | ThickAsThieves | you have to send an actual amount (i think) plus a tx fee |
22:36 | mircea_popescu | i think you'll have to read up on how bitcoin txs work |
22:36 | ThickAsThieves | most of the destroyed coin would be sent as the tx fee |
22:36 | maximian | send 0.00000001 BTC to any address, and specify a fee of 99BTC |
22:36 | ThickAsThieves | but you would send .00000001 of it to yourself |
22:36 | seongyupyoo | i see so it is fee |
22:36 | seongyupyoo | i understand that, i thought there was another way to manually setting input and output |
22:36 | seongyupyoo | how bad is destroying to blackholeaddress? |
22:37 | ThickAsThieves | i think its bad |
22:37 | mircea_popescu | pretty bad yea. |
22:37 | ThickAsThieves | and not necessary |
22:37 | seongyupyoo | ok |
22:37 | seongyupyoo | i think that settles it then |
22:37 | ThickAsThieves | but do what mp said |
22:37 | ThickAsThieves | learn more about tx |
22:37 | ThickAsThieves | and blockchain |
22:37 | ThickAsThieves | and what your options are |
22:38 | seongyupyoo | i identified 4 big issues from all the feedback i gather today |
22:38 | ThickAsThieves | because you might not want to send a 100btc tx fee |
22:38 | ThickAsThieves | you might want to send a lot of small ones |
22:38 | ThickAsThieves | depending on how mining pools snag them |
22:38 | seongyupyoo | would you guys like to hear the 4 problems, and my plan to solve them? |
22:38 | mircea_popescu | sure. |
22:39 | seongyupyoo | well, if i send a lot of small ones, it would be hard for the traders to check their fund was destroyed |
22:39 | ThickAsThieves | you can send more than one tx at once i think |
22:39 | seongyupyoo | i should start running a pool where i keep the transaction fee lol |
22:40 | seongyupyoo | then i'd need to provide many transation id as a proof of destruction |
22:40 | seongyupyoo | i think big fee would be fine |
22:40 | ThickAsThieves | maybe |
22:40 | seongyupyoo | also i figured out a way so that nobody will ever have to risk 100 BTC |
22:40 | seongyupyoo | probably 1 BTC to 10 BTC max |
22:41 | seongyupyoo | so max destruction is going to be 20-40 BTC at most |
22:41 | seongyupyoo | anyways, the first problem was issue of me running away with risk funds |
22:41 | kakobrekla | you are now arbitrarily setting what is ok give to pool ops? |
22:41 | seongyupyoo | I think I can remedy that by putting nashx under my current business of 7 years -> http://mosaically.com |
22:42 | seongyupyoo | so nashx might run under nashx.mosaically.com |
22:42 | seongyupyoo | what do you guys think? |
22:43 | usagi | i don't know what's going on |
22:43 | seongyupyoo | 2nd problem was destroying of the destroyed funds, and i'll handle that by sending it back to blockchain as fee |
22:43 | assbot | [MPEX] [S.MPOE] 46572 @ 0.000703 = 32.7401 BTC [+] |
22:44 | seongyupyoo | 3rd problem is transparency, basically the ability for people to be able to see all that is happening in terms of transactions |
22:45 | seongyupyoo | i'll remedy that by making all transactions and messages between trader and such available for public view |
22:45 | ThickAsThieves | 1st problem seems like a non-problem with a non-solution |
22:45 | usagi | What was the middle thing? |
22:46 | usagi | I'm trying to understand this, so, you want to run a mining pool? |
22:46 | seongyupyoo | well someone thought that it was an issue, you're right it might not really be an issue. and it really isn't, but it was brought up, and i can see how some people might see that as risk |
22:46 | seongyupyoo | where as if it was under mosaically umbrella, then it would be under a corporation |
22:46 | seongyupyoo | more legit |
22:46 | ThickAsThieves | usagi: nashx.com/about |
22:46 | seongyupyoo | no i don't, i just made something called nashx |
22:47 | usagi | So your goal is to make it legit.. and your not planning to quit, as a result of that? you will see this through? |
22:47 | seongyupyoo | last problem is problem of big transactions |
22:47 | kakobrekla | seongyupyoo, balances and txes are public and audiable... so transparency is not a big issue |
22:47 | seongyupyoo | yes i will see this through |
22:47 | seongyupyoo | at least to the next version having solve these 4 problems |
22:47 | assbot | [BTCTC] [BTC-BOND] 35 @ 0.01 = 0.35 BTC [+] |
22:48 | seongyupyoo | and i'll post it on reddit again, get feedback |
22:48 | seongyupyoo | sholdn't take long |
22:48 | ThickAsThieves | for the 3rd problem you can simply make your escrow address publicly known |
22:48 | ThickAsThieves | or addresses |
22:48 | usagi | Oh nashx. Thats a good idea, if it works you will be rich. |
22:48 | ThickAsThieves | however if you escrow everything you slow it down |
22:48 | seongyupyoo | we don't escrow |
22:48 | usagi | So what your saying is, you are too legit to quit. Sounds good :) |
22:48 | seongyupyoo | it's person-to-person |
22:49 | ThickAsThieves | where are te collateral coins stored? |
22:49 | seongyupyoo | well, i really feel that something like nashx needs to exist for everyone's benefit |
22:49 | seongyupyoo | what collateral? there's no need |
22:49 | ThickAsThieves | maybe i need to read it better |
22:49 | seongyupyoo | yeah i think so... :) |
22:50 | usagi | May I give you some free advice yupyoo? |
22:50 | usagi | if I may call you yupyoo. |
22:50 | seongyupyoo | sure |
22:50 | seongyupyoo | my first name is seong yup |
22:50 | mircea_popescu | https://bitcointalk.org/index.php?topic=154089.msg1946133#msg1946133 lol |
22:50 | seongyupyoo | last name is yoo |
22:50 | usagi | Oh, I am used to last name first |
22:50 | usagi | I live here in asia you see. |
22:51 | maximian | Bitcoin has a mechanism for multisig transactions - destruction isn't necessary |
22:51 | maximian | https://blockchain.info/wallet/escrow |
22:51 | usagi | I assume you are from Korea? Have you been to Jeju island? I hear it is so beautiful. |
22:52 | assbot | [HAVELOCK] [SDICE] 1 @ 0.27500001 BTC [-] |
22:52 | usagi | Anyways, I don't like how you explain how you keep the destroyed funds, because until that moment you speak of the funds as "destroyed" |
22:52 | maximian | unless I've misunderstood what you're trying to do |
22:52 | usagi | so I would not try to justify how you do it, just state that you keep the funds "like a library fine" and leave it at that. |
22:53 | usagi | That's essentially what your doing. It's like a late fee charged at a video store |
22:53 | usagi | I don't think people are going to be concerned with that if your business takes off |
22:53 | mircea_popescu | alrighty, i'm off. cya tomorro. |
22:54 | deadweasel | gnight |
22:55 | seongyupyoo | bye |
22:55 | seongyupyoo | the problem usagi is that |
22:55 | seongyupyoo | if i just leave it as is, i have incentive to make fake accounts and go on a destroying spree |
22:56 | usagi | So, hire someone to audit your books. |
22:56 | usagi | That's what I did with my company TU.SILVER. I have a registered CA looking at the books, and a highly trusted community member providing operational oversight |
22:56 | seongyupyoo | well sending it back to blockchain is the best way as far as i can tell atm |
22:57 | deadweasel | usagi, how is tu silver doing? |
22:57 | seongyupyoo | i would prefer to have a system that is good by design than have to hire people to watch over it |
22:57 | usagi | People place far too much faith in the long and winding road of procedure when in the end it boils down to trust anyways. |
22:57 | usagi | deadweasel: it's going very well. |
22:58 | seongyupyoo | that's true, but i think in this case, it is important to gain validation of smart people especially since bitcoin community has been hurt with so many scams |
22:58 | usagi | The fact is silver went down, but compared to if we just leveraged pure silver on the way down, my investors made ovr 100% compared to the price of silver today |
22:58 | seongyupyoo | i feel it must pass the standard of community on reddit in order for it to be adopted and used widely by the whole global community |
22:59 | usagi | All I am concerned with now is providing 1:1 leverage with silver since I believe we are approaching a long-term bottom in silver priced in BTC |
22:59 | seongyupyoo | what does your business do? |
23:00 | usagi | i sell investment grade silver coins, like canadian maples, FMJ 1/2oz rounds, etc. |
23:00 | seongyupyoo | maximilian, escrow does not work for my model because i don't want to be in the middle of people handling their transaction because of USD |
23:00 | seongyupyoo | i see |
23:01 | seongyupyoo | what do you do kakobrekla? |
23:02 | usagi | deadweasel; total divs to date: 0.034788, sliver/btc/10 price is now .016 or so per unit, so, over 200% profit |
23:03 | deadweasel | i understand the last part. |
23:03 | deadweasel | hows your service? |
23:03 | seongyupyoo | i need to get going, thanks for all your helps guys. i don't know how this chatroom operates exactly, but i will be back :) |
23:03 | ThickAsThieves | i dont want to get into it but it should be said that usagi's bookkeeping did not stand up to a public audit |
23:03 | usagi | free shipping 7 days anywhere in the world |
23:04 | usagi | ThickAsThieves; there was no public audit. |
23:04 | ThickAsThieves | if anyone is interested talk to Deprived on the forums |
23:05 | usagi | Ahh, you mean when deprived stole our internal calculators and posted them on the forums? Those were internal company documents used to record buys and sells on bitfunder |
23:05 | ThickAsThieves | i have no interest in tusilver but i do trust deprived's abilities |
23:05 | usagi | They're not investment advice. |
23:06 | usagi | And they're not for public dissemination precisely because they would be assumed to be investment advice. They're not. |
23:06 | ThickAsThieves | ;;ticker |
23:06 | gribble | BTCUSD ticker | Best bid: 140.99999, Best ask: 141.00000, Bid-ask spread: 0.00001, Last trade: 141.00000, 24 hour volume: 188586.01119054, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 142.90861 |
23:07 | usagi | If you want to know everything you need to know to build your own trading model, we use a coin and duty premium of $5 right now, which is less than the premium charged on the canadian maples we order exclusively from amagi metals |
23:07 | usagi | Beyond that we have a 2% markup and we use the actual rates we've paid for shipping in the price to factor that in |
23:08 | usagi | Now you know everything you need to know to calculate our value to within 5%, as our investment position has been disclosed. |
23:08 | dub | beyond (and before) that it is a fairytale that we wish you would stfu about |
23:09 | usagi | Yeah well I wish deprived would shut up about how I am selling shares unbacked by silver, but hey, if he has the right to lie then I have the right to correct him. |
23:09 | assbot | [MPEX] [S.MPOE] 13007 @ 0.00069955 = 9.099 BTC [-] |
23:09 | assbot | [MPEX] [S.MPOE] 1508 @ 0.00069458 = 1.0474 BTC [-] |
23:09 | assbot | [MPEX] [S.MPOE] 2136 @ 0.00069316 = 1.4806 BTC [-] |
23:10 | assbot | [BTCTC] [BASIC-MINING] 2 @ 0.400002 = 0.8 BTC [-] |
23:18 | tiberiusiv | usagi what is your website |
23:19 | usagi | https://bitfunder.com/asset/TU.SILVER |
23:19 | tiberiusiv | what is it a silver fund? |
23:19 | tiberiusiv | now why would i want to own an industrial metal |
23:19 | usagi | Sort of. The idea is to keep the price of units at the cost of silver plus shipping and secure storage |
23:20 | usagi | You want my personal opinion? :p |
23:20 | tiberiusiv | why would i risk money with your junk fund when i can purchase silver futures instead? |
23:20 | tiberiusiv | offering me superior liquidity |
23:20 | tiberiusiv | and price |
23:21 | usagi | Well for one, when you try to get delivery in physical, you can be given a cash settlement by fiat |
23:21 | tiberiusiv | um no. |
23:21 | tiberiusiv | id recieve silver bars which are comex standard |
23:22 | usagi | really? I heard they were shortt |
23:22 | tiberiusiv | no they arent. |
23:22 | usagi | I sure hope not. :) |
23:22 | tiberiusiv | comex standard is 1000 oz bars |
23:22 | usagi | Do you have to pay a fee when you take delivery? |
23:22 | tiberiusiv | yea |
23:23 | usagi | Ahh. |
23:23 | tiberiusiv | but its not 30% above spot like your coins |
23:23 | tiberiusiv | and your fund is completely illiquid |
23:23 | usagi | Yeah we're sold out now and the market is setting the price. |
23:23 | tiberiusiv | + you have no reputation |
23:23 | usagi | !getrating usagi |
23:23 | usagi | oh |
23:23 | usagi | ;;getrating usagi |
23:23 | gribble | Currently authenticated from hostmask usagi!Guest12477@122-121-246-63.dynamic.hinet.net . User Usagi, rated since Mon Jun 18 10:33:55 2012. Cumulative rating 33, from 32 total ratings. Received ratings: 28 positive, 4 negative. Sent ratings: 43 positive, 4 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=Usagi |
23:24 | tiberiusiv | yea again why would i go to you when there is more safer, liquid and easier to access options? |
23:24 | usagi | Only you can answer that question |
23:24 | tiberiusiv | who checks what silver your fund is backed by |
23:24 | usagi | Let me put it this way. We sold over 1,000 units into the market. Anyone is free to offer their units for sale. |
23:25 | usagi | If you feel the price is too expensive, perhaps they know something you don't know? I dunno. I don't understand it myself. I just sell silver. |
23:25 | usagi | The holders are public info on bitfunder, you can check it yourself. I own around 300 shares personally |
23:25 | tiberiusiv | no i merely stated there is much better options |
23:25 | usagi | There are, if you're merely concerned with price. |
23:25 | tiberiusiv | vs some internet nerd operating on thin margins out of a basement |
23:25 | tiberiusiv | like that coinabul clown |
23:26 | usagi | Yeah but you're a little clueless when it comes to investing in silver, aren't you? |
23:26 | tiberiusiv | no |
23:26 | tiberiusiv | silver is not an investment. it produces no income |
23:26 | usagi | Yeah you are :) First, you are speaking out about a fund you know zilch about. |
23:26 | tiberiusiv | its a speculation and its an industrial metal |
23:26 | tiberiusiv | there is no evidence silver acts as a protection in the event of a crisis |
23:26 | usagi | For one, a 1000 oz delivery contract is vastly different than a guartantee on your choice of 1/2 oz rounds |
23:26 | usagi | The coin premium on 1/2oz rounds is easily 20% or more |
23:26 | tiberiusiv | sure its also 30% cheaper |
23:26 | usagi | Which explains the entirety of the "30% cheaper" |
23:27 | tiberiusiv | and more liquid via futures |
23:27 | tiberiusiv | and what secure storage do you honestly have? |
23:27 | tiberiusiv | your homes basement |
23:27 | usagi | It is more liquid. We're small. That doesn't justify the "nerd", "junk fund", etc. |
23:27 | tiberiusiv | yea just like that jay guy from coinabul |
23:28 | tiberiusiv | http://www.youtube.com/watch?v=d46dFmAmnuc |
23:28 | usagi | You are clueless, really :) Like that dub guy. |
23:28 | tiberiusiv | lol who would send this fking vagabond loser any money? |
23:28 | usagi | Want another example? You haven't read our contract. |
23:28 | tiberiusiv | coinabul |
23:28 | tiberiusiv | your contract means nothing you have no capital reserves |
23:28 | tiberiusiv | secure storage is a apartment or basement to you |
23:28 | usagi | Seriously, you're being retarded. You want to talk shit about how I do things and you don't know we deal in small denomination coins and haven't read our contract |
23:29 | usagi | Then you want to call it a junk fund because it's less liquid than a 1000oz futures contract? |
23:29 | tiberiusiv | why would i store small coins with you? |
23:29 | usagi | Seriously, stop wasting my fucking time. |
23:29 | tiberiusiv | no i call it a junk fund becuase you are SMALL time |
23:29 | tiberiusiv | and broke. |
23:29 | tiberiusiv | why would anyone want to store silver maples with a clown? |
23:29 | tiberiusiv | that can vanish any day |
23:29 | usagi | Why would anyone want to discuss the market with a clueless fuck like you? |
23:29 | tiberiusiv | im not clueless |
23:29 | usagi | Yes you are. |
23:30 | tiberiusiv | you operate on tiny profit margins |
23:30 | tiberiusiv | and have no capital reserves |
23:30 | usagi | You're whining about how we're 30% more expensive than a futures contract because we deal in 1/2 oz coins. |
23:30 | usagi | That's ignorant. |
23:30 | usagi | That's laughable. |
23:30 | tiberiusiv | no im not |
23:30 | usagi | Is that the best you can do? |
23:30 | tiberiusiv | im argueing why would i go buy coins and have them stored with YOU |
23:30 | usagi | I don't care |
23:30 | tiberiusiv | vs buying them from any other dealer ANYWHERE |
23:30 | tiberiusiv | and storing them myself? |
23:30 | tiberiusiv | since its fking $10 pieces |
23:30 | usagi | We are already sold out. Look, I got stuff to do. Go read our contract. |
23:31 | usagi | Go read our recent reports. |
23:31 | tiberiusiv | no thanks. |
23:31 | usagi | I don't give a shit if you buy on the market or not. Bye |
23:31 | tiberiusiv | your like a bank for ultra poor bitcoiners |
23:31 | usagi | But I will say this. it's fuckups like you and deprived that are the entire source of my problems. |
23:31 | tiberiusiv | storing $10 silver coins |
23:31 | tiberiusiv | no you are the problem. |
23:31 | usagi | Not anything I did. Just a bunch of fucktards like dub who like to whine. |
23:31 | tiberiusiv | its business's like you that fuckup bitcoin credibility |
23:32 | tiberiusiv | lowlevel scum "selling" junk |
23:32 | jamborambo_ | ;;bids 0 command |
23:32 | gribble | (bids [--under] ) -- Calculate the amount of bitcoin demanded at or over . If '--under' option is given, find coins or at or under . |
23:32 | jamborambo_ | ;;bids 1 command |
23:32 | gribble | (bids [--under] ) -- Calculate the amount of bitcoin demanded at or over . If '--under' option is given, find coins or at or under . |
23:32 | usagi | I'll answer you when you can explain why the market disagrees with you. Why is it, praytell, the people invested in tu.silver won't sell below .12/unit? Go argue with the market. |
23:32 | kakobrekla | jamborambo_ , |
23:32 | tiberiusiv | dude what are you talking about |
23:32 | kakobrekla | ;;bids 0 |
23:32 | jamborambo_ | yes? |
23:32 | tiberiusiv | i dont care what your junk fund sells at |
23:32 | gribble | There are currently 33503613 bitcoins demanded at or over 0.0 USD, worth 18244987.8596 USD in total. | Data vintage: 0.0118 seconds |
23:33 | tiberiusiv | you are a SCUMbag |
23:33 | tiberiusiv | like jay @ coinabul and the other 50 broke ass precious metals dealers |
23:33 | tiberiusiv | on bitcoin |
23:33 | tiberiusiv | storing $10 coins. |
23:36 | usagi | That didn't take long. I'm back. |
23:38 | tiberiusiv | post pictures of your "secure storage" |
23:38 | tiberiusiv | so we can all get a good laugh |
23:38 | usagi | Oh it's you again. |
23:38 | usagi | Look, if you have a question, or if there's something you want me to do, just ask. |
23:39 | tiberiusiv | https://bitcointalk.org/index.php?topic=113708.0 |
23:39 | tiberiusiv | lol so you have a lengthy history of being a scum? |
23:39 | usagi | But it's clear that you have no idea what my business is or what it does. We're not a futures contract. We sell small denomination coins and there are no fees. |
23:39 | usagi | You haven't even read our contract. Go do some due dilligence before you come here and waste my time with "scumbag" |
23:39 | tiberiusiv | stop repeating yourself |
23:39 | tiberiusiv | you dont have a business |
23:39 | tiberiusiv | small time nerd with no money |
23:39 | usagi | Then stop repeating yourself. |
23:40 | tiberiusiv | another coinabul scammer |
23:40 | usagi | So tiberiusiv, how about that 6 BTC you owe me? |
23:40 | kakobrekla | you two, #bitcoin-trolls mkay |
23:40 | usagi | kakosan; roger. |
23:40 | tiberiusiv | what 6 btc? |
23:40 | tiberiusiv | i dont even know you lowlife |
Dawn of Time
| 2013-04-26 →
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