| 00:00 |
benkay |
it's pretty easy |
| 00:00 |
benkay |
an accredited bitcoin investor accumulates bitcoins |
| 00:00 |
benkay |
they are accredited by virtue of having and accumulating bitcoins |
| 00:00 |
mircea_popescu |
ThickAsThieves inasmuch as one intends to measure sophistication, bitcoin holdings alone would show on the historical record an insufficient measure. |
| 00:00 |
fract4l |
mircea_popescu: did you predict GOX demise?? |
| 00:00 |
mircea_popescu |
why ty Bones_ |
| 00:00 |
mircea_popescu |
fract4l no. i announced it. |
| 00:00 |
benkay |
that's why the accumulation's important, mircea_popescu |
| 00:00 |
assbot |
[HAVELOCK] [NEOBEE] 404 @ 0.0053995 = 2.1814 BTC [-] {2} |
| 00:01 |
copumpkin |
joe shmoe mined 10000 coins on his old laptop in 2009 as a joke |
| 00:01 |
copumpkin |
he's accredited |
| 00:01 |
copumpkin |
cause he has a lot of money |
| 00:01 |
mircea_popescu |
provided he didn't lose the laptop |
| 00:01 |
copumpkin |
seems a little awkward :) |
| 00:01 |
mircea_popescu |
(which most did) |
| 00:01 |
benkay |
copumpkin you missed the part about accumulation. |
| 00:01 |
greenspan_fan |
Bones_ only because he's influential enough that people ought to be aware |
| 00:02 |
mircea_popescu |
i just got an email from a friend, it goes "hey can i have like 10-20 bux worth of bitcoin cause im testing this service and i lost all the btc i mined on my laptop back in the day" |
| 00:02 |
mircea_popescu |
tru story. inbox of this morn. |
| 00:02 |
copumpkin |
mircea_popescu: hey, can you send me 10 coins? thanks |
| 00:02 |
ThickAsThieves |
satoshi still emails you? |
| 00:02 |
mircea_popescu |
lol |
| 00:02 |
mircea_popescu |
lmao |
| 00:02 |
nubbins` |
heh! |
| 00:02 |
assbot |
[HAVELOCK] [NEOBEE] 2879 @ 0.00539996 = 15.5465 BTC [+] |
| 00:03 |
mircea_popescu |
copumpkin no more bentleys for you! |
| 00:03 |
assbot |
Last 7 lines bashed and pending review. (http://dpaste.com/1656180/plain/) |
| 00:03 |
jurov |
!b 7 |
| 00:03 |
copumpkin |
mircea_popescu: :( |
| 00:03 |
copumpkin |
I should sell my MPOE |
| 00:03 |
nubbins` |
too slow ;( |
| 00:03 |
copumpkin |
but I can't bring myself to |
| 00:03 |
* |
copumpkin holds onto his MPOE |
| 00:03 |
mircea_popescu |
greenspan_fan but srsly, it's legitimate. if you think you can help some people do shit, help them. nothing wrong with that. |
| 00:03 |
mircea_popescu |
a large chunk of the way i designed mpex is so as to empower people to grow their own stuff |
| 00:04 |
mircea_popescu |
rather than try and corner the entire market. cornered markets don't grow. |
| 00:04 |
Bones_ |
see https://coinbr.com/ |
| 00:04 |
jurov |
he insist to help you to proper css, you know |
| 00:04 |
mircea_popescu |
if anything ima take the website down eventually. |
| 00:04 |
mircea_popescu |
just... whatever, it's there. |
| 00:04 |
fract4l |
interesting that MP, the #1 hated guy on the forums, turns out to have more integrity then anyone thought...... |
| 00:05 |
fract4l |
he also has spot-on predictions |
| 00:05 |
mircea_popescu |
fract4l isn't that how things normally work out ? |
| 00:05 |
copumpkin |
I trust mircea_popescu to be honest |
| 00:05 |
copumpkin |
he's just a little odd |
| 00:05 |
copumpkin |
but he thinks the same about me |
| 00:05 |
mircea_popescu |
you can say asshole, i dun mind. |
| 00:05 |
fract4l |
mircea_popescu: haha... i suppose so. maybe your picture on the camel made people not take you seriously? |
| 00:05 |
copumpkin |
nah, you're not 100% asshole |
| 00:05 |
mircea_popescu |
fract4l when am i on a camel ?! |
| 00:05 |
Bones_ |
lol |
| 00:05 |
jurov |
lool |
| 00:05 |
nubbins` |
^ HEH |
| 00:05 |
assbot |
[HAVELOCK] [NEOBEE] 442 @ 0.00539998 = 2.3868 BTC [+] {2} |
| 00:06 |
assbot |
Last 10 lines bashed and pending review. (http://dpaste.com/1656188/plain/) |
| 00:06 |
jurov |
!b 10 |
| 00:06 |
mircea_popescu |
copumpkin not even women are 100% women you know ? |
| 00:06 |
ninjashogun |
hi guys |
| 00:06 |
nubbins` |
it was a horse, ya racist! |
| 00:06 |
Apocalyptic |
fract4l, how dare you, that's a great picture |
| 00:06 |
mircea_popescu |
hi ninjashogun |
| 00:06 |
copumpkin |
mircea_popescu: didn't think so! |
| 00:06 |
ThickAsThieves |
sup ninja |
| 00:06 |
ninjashogun |
hi mircea_popescu hi ThickAsThieves |
| 00:06 |
ninjashogun |
Not much ThickAsThieves . I'm raising $50K for a new job web site based on applied graph theory (not to relationships/connections - something else) |
| 00:06 |
ThickAsThieves |
<ThickAsThieves> OneFixt did you at least diversify into other exchanges already? |
| 00:06 |
ThickAsThieves |
<@OneFixt> ThickAsThieves: a tiny bit |
| 00:06 |
assbot |
[HAVELOCK] [NEOBEE] 3316 @ 0.00539996 = 17.9063 BTC [-] {3} |
| 00:06 |
fract4l |
Apocalyptic: hey, personally i think the camel picture is hilarious.... |
| 00:07 |
ThickAsThieves |
i trolled the guy enough you'd think he'd have learned... |
| 00:07 |
fract4l |
ThickAsThieves: did you lose any coin on gox? |
| 00:07 |
Bugpowder |
OneFixt lost his coins?!? Oh man. |
| 00:07 |
ThickAsThieves |
lol |
| 00:07 |
Bugpowder |
The BITCOIN ORACLE |
| 00:07 |
Bugpowder |
Couldn't see the shut down coming |
| 00:07 |
Apocalyptic |
Bugpowder, he claimed to have almost everything in gox |
| 00:07 |
fract4l |
well, losing my coins on gox is going to seriously motivate me to work harder to make more BTC. |
| 00:07 |
ThickAsThieves |
i used goz like twice in feb |
| 00:07 |
ThickAsThieves |
2013 |
| 00:07 |
OneFixt |
Bugpowder: i have enough, Bugpowder, don't worry |
| 00:07 |
ninjashogun |
WhatsApp just sold for $16Billion, and there is a huge bubble in the valley . technical jobs are very scarce. we have 1) something much better than search, based on graph theory (without sayin gmore) and 2) a reason people will upload their profiles for this reason :) We can get a lot of technical profiles just from launch / announcements (on hacker news etc) |
| 00:07 |
mircea_popescu |
Bugpowder we have an oracle too ? |
| 00:08 |
fract4l |
i'm *SHOCKED* that bitcoinbuilder is still above 0.00000001 |
| 00:08 |
Duffer1 |
ninjashogun tell us more about how to invest |
| 00:08 |
mircea_popescu |
ninjashogun unless you manage to lay zuck you're not in this game. |
| 00:08 |
Bugpowder |
https://twitter.com/BitcoinOracle |
| 00:08 |
ozbot |
Bitcoin-Analysis (BitcoinOracle) on Twitter |
| 00:08 |
Bones_ |
ninjashogun, will this site help me get laid |
| 00:08 |
asciilifeform |
'technical jobs are very scarce' << wait what |
| 00:08 |
asciilifeform |
what planet. |
| 00:08 |
Bugpowder |
fract4l: I'd buy at 0.01 |
| 00:08 |
greenspan_fan |
better than search based on graph theory? |
| 00:08 |
mircea_popescu |
asciilifeform he means technical people. |
| 00:08 |
ninjashogun |
asciilifeform, I meant talent! Sorry. |
| 00:08 |
ninjashogun |
yes, sorry |
| 00:08 |
ninjashogun |
:) |
| 00:08 |
greenspan_fan |
are you on crack? all search uses graph theory |
| 00:08 |
benkay |
now now greenspan_fan |
| 00:08 |
benkay |
settle down |
| 00:08 |
mircea_popescu |
greenspan_fan in the sense al qm uses matrixes, sure. |
| 00:09 |
ninjashogun |
No, keyword search doesn't use graph theory. It uses set theory. (In the form of database design) |
| 00:09 |
mircea_popescu |
kakobrekla check it out, your shitty chan is about to break 200 |
| 00:09 |
greenspan_fan |
sorry, that was kinda rude |
| 00:09 |
greenspan_fan |
but, for instance, facebook's whole deal is modelling via social graph |
| 00:09 |
ninjashogun |
database queries are applied set theory. Ours is different, it's based on graph theory and is a very novel application that results in much better matches ,and ALSO a good reason for people to upload their profiles. |
| 00:09 |
kakobrekla |
its you ppl that make it shitty! |
| 00:09 |
ThickAsThieves |
all design uses grid theory, coincidence? |
| 00:09 |
copumpkin |
ninjashogun: pagerank is a graph algorithm :) |
| 00:09 |
mircea_popescu |
https://bitcointalk.org/index.php?topic=485913 << anyone got any advice ? |
| 00:09 |
mircea_popescu |
lolz |
| 00:09 |
ozbot |
How to recover your money as a small time investor with funds in mtgox |
| 00:10 |
ninjashogun |
copumpkin, yes, you're right it is :) |
| 00:10 |
mircea_popescu |
ninjashogun basically everyone's point is that regardless how you personally look at it, mathematic reality is accessible to everyone on their own terms. |
| 00:10 |
greenspan_fan |
also, idk how they teach qm in romania, but you can get by OK without knowing matrix mechanics |
| 00:10 |
nubbins` |
;;seen mike_c |
| 00:10 |
gribble |
mike_c was last seen in #bitcoin-assets 2 hours, 40 minutes, and 0 seconds ago: <mike_c> :) hopefully i can run it on an actual machine and get better performance |
| 00:10 |
ninjashogun |
So just to put this in context I have just connected this week with the other mathetician I am creating this site with, so it is a very fresh startup opportunity. To whoever asked about the means of investing, standard terms as you would suggest based on hearing abou thte opportunity etc. |
| 00:10 |
benkay |
hoo booo whaaat qm without matrix operations? |
| 00:11 |
mircea_popescu |
greenspan_fan yes, but that doesn't mean any part of qm is inaccessible to matrix. |
| 00:11 |
dexX7 |
this is somehow sad.. i wonder for how many bitcoin was a pain instead of pleasure |
| 00:11 |
mircea_popescu |
dexX7 hopefully for most. |
| 00:11 |
ninjashogun |
mircea_popescu, I have no idea why you wrote thta to me |
| 00:11 |
mircea_popescu |
you know, like sex. |
| 00:11 |
ninjashogun |
"mathematic reality is accessible to everyone on their own terms" |
| 00:11 |
nubbins` |
^ it is |
| 00:11 |
greenspan_fan |
but I always conceptualized pagerank for instance as being essentially graph theoretic in nature |
| 00:12 |
ninjashogun |
Yes, it is. |
| 00:12 |
ninjashogun |
Absolutely, greenspan_fan |
| 00:12 |
mircea_popescu |
so good for you :) |
| 00:12 |
ninjashogun |
Ours is a bit different. |
| 00:12 |
copumpkin |
a big-ass matrix is a graph |
| 00:12 |
Duffer1 |
what's your business plan? |
| 00:12 |
ninjashogun |
But in some ways very similar to pagerank |
| 00:12 |
copumpkin |
well, a square matrix is |
| 00:12 |
mircea_popescu |
Duffer1 it's a start-up, what business plan. they maybe have an idea is all. |
| 00:12 |
mircea_popescu |
copumpkin i thought it didn't have to be square. |
| 00:12 |
mircea_popescu |
you can generalise the graph space neh ? |
| 00:12 |
nubbins` |
^ |
| 00:13 |
nubbins` |
pick yr number of dimensions |
| 00:13 |
copumpkin |
mircea_popescu: well, there's an obvious interpretation of a square matrix as a graph |
| 00:13 |
ninjashogun |
Duffer1 - hi, Duffer1 . The business plan is to get profiles for free, based on the novel application, which will cause people to want to upload their profiles to us, and use them to fill vacancies scraped from other sites. (Meaning for starters the other sites get the money from it.) |
| 00:13 |
mircea_popescu |
copumpkin a that sure. |
| 00:13 |
nubbins` |
5 if you want, all the rules still work |
| 00:13 |
nubbins` |
you just won't be able to make a physical model of it anymore |
| 00:13 |
copumpkin |
then matrix multiplication "walks" the graph |
| 00:13 |
copumpkin |
it's kind of fun |
| 00:13 |
greenspan_fan |
ninjashogun the scraping part could be a thing unto itself |
| 00:13 |
ninjashogun |
Duffer1, then when we have a set of profiles and a critical mass, we can get listings ourselves directly, and get the money from them. However, there has to be content initially. |
| 00:13 |
copumpkin |
you can then multiply graphs with unusual semirings to get more interesting behavior |
| 00:13 |
mircea_popescu |
ninjashogun specifically, what is the problem you are solving ? |
| 00:14 |
ninjashogun |
greenspan_fan, I don't think so. I am sure every job site would be open to us sending people to their ads :) |
| 00:14 |
nubbins` |
it comforts me that math still works with more than three spatial dimensions |
| 00:14 |
copumpkin |
nubbins`: it breaks at 7, sorry |
| 00:14 |
ThickAsThieves |
your business plan has no business in it though |
| 00:14 |
nubbins` |
D: why didn't anyone tell me |
| 00:14 |
mircea_popescu |
nubbins` it's okay, Mr Hig Uyse proved that any set of cats can be packed in less than 7 dimensions. |
| 00:14 |
ninjashogun |
mircea_popescu, the specific problem we're solving is "connecting jobs with job-seekers". I.e. finding the best qualified candidate for an employer, or the place to work for a job-seeker. BETTER than a text search where they both just blurt out what they need (exactly) on the part of the employer or everything they have done (exactly) on the part of the job seeker. |
| 00:14 |
greenspan_fan |
you don't need business, just data. Cash out and pass the buck to facebook or whomever |
| 00:14 |
nubbins` |
phew |
| 00:15 |
ninjashogun |
which is how keyword search (status quo) works. |
| 00:15 |
nubbins` |
bad news for the imgur giraffe tho |
| 00:15 |
mircea_popescu |
ninjashogun but how do you account for flexibility in either side ? |
| 00:15 |
greenspan_fan |
mircea_popescu not a fan of string theory? |
| 00:15 |
asciilifeform |
;;google man woman dog matching |
| 00:15 |
gribble |
NP-completemess | Equivalence: <http://equivalence.co.uk/archives/63>; Man, Woman, Dog, seeking stable relationship. - Math StackExchange: <http://math.stackexchange.com/questions/531586/man-woman-dog-seeking-stable-relationship>; Dog and Dog Chinese Love Compatibility - Astrology.com: <http://www.astrology.com/chinese-love-compatibility-dog-dog/2-d-chmt-dog_dog> |
| 00:15 |
ninjashogun |
mircea_popescu, exactly. |
| 00:15 |
ThickAsThieves |
no one wants to fill out another resume |
| 00:15 |
ninjashogun |
mircea_popescu, that is the problem we have solved. |
| 00:15 |
ninjashogun |
Yes. |
| 00:15 |
mircea_popescu |
(some people don't want to do a specific job, but whatever, some people don't want something specific done, but whatever IS done) ? |
| 00:15 |
ninjashogun |
Yes. |
| 00:15 |
ninjashogun |
Exactly. |
| 00:16 |
ninjashogun |
This is the issue that we solve. |
| 00:16 |
antephialtic |
isn't that just the stable marriage problem? |
| 00:16 |
assbot |
[HAVELOCK] [AM1] 7 @ 0.48000142 = 3.36 BTC [+] {2} |
| 00:16 |
nubbins` |
some people don't want the best and brightest, they just want people who can do an okay job |
| 00:16 |
ninjashogun |
No other site does this - other sites just are glorified text searches or databse searches. |
| 00:16 |
mircea_popescu |
this is true. |
| 00:16 |
nubbins` |
unfortunately all these people are in btc ;( |
| 00:16 |
mircea_popescu |
this much is true, job market is a scandal. |
| 00:16 |
ninjashogun |
yes |
| 00:16 |
ninjashogun |
and we're set to shake it up |
| 00:16 |
nubbins` |
heh |
| 00:16 |
mircea_popescu |
well you're set to try. |
| 00:16 |
mircea_popescu |
let's not confuse the two. |
| 00:17 |
copumpkin |
I saw my profile(s) on gild.com the other day |
| 00:17 |
assbot |
[HAVELOCK] [NEOBEE] 58 @ 0.00539997 = 0.3132 BTC [+] |
| 00:17 |
greenspan_fan |
also, consider how many jobs are filled by referrals |
| 00:17 |
ThickAsThieves |
he's graph to shake it up |
| 00:17 |
copumpkin |
it was interesting, because they thought there were two of me |
| 00:17 |
nubbins` |
a job search where mediocre employees can find already-defeated employers |
| 00:17 |
copumpkin |
and one of them had high expertise, low desirability, and the other had low expertise high desirability |
| 00:17 |
nubbins` |
as cheeky as that sounds, you're actually onto something there |
| 00:17 |
nubbins` |
tier 2 job search for people who know they're not up to snuff |
| 00:17 |
copumpkin |
finding good hires is actually pretty hard |
| 00:18 |
assbot |
[HAVELOCK] [AM1] 9 @ 0.473 = 4.257 BTC [-] |
| 00:18 |
assbot |
[HAVELOCK] [NEOBEE] 1571 @ 0.00463921 = 7.2882 BTC [-] {24} |
| 00:18 |
ninjashogun |
So I am looking for a roughly $50K investment (nominal, could be less). Is anyone here in a position to conssider that, has a portfolio and has been involved iwth other startups in the past? An interest in mathematics (specifically graph theory) helps immensely. |
| 00:18 |
copumpkin |
so if ninjashogun can get it up and running, he'll have a lot of willing customers |
| 00:18 |
greenspan_fan |
my idea for a start-up involves me applying to thousands of places for remote work, then farming out the resulting offers to india |
| 00:18 |
ninjashogun |
yes |
| 00:18 |
copumpkin |
but it's a tough market :) |
| 00:18 |
copumpkin |
lots of other people want in too |
| 00:18 |
copumpkin |
like those gild folks |
| 00:18 |
greenspan_fan |
since the netflix for prostitutes was immediately rejected by y combinator |
| 00:18 |
copumpkin |
and several others I've seen |
| 00:18 |
ninjashogun |
the moment I announce on hackernews (hwere I have a profile) at the right time of day, I will have some sign-ups |
| 00:18 |
antephialtic |
can you specify the specific graph theory problem you are trying to solve? (other than simple bipartate matching) |
| 00:18 |
ninjashogun |
Yes, but we have an innovation they don't. |
| 00:18 |
copumpkin |
I want good signups though |
| 00:18 |
mircea_popescu |
https://twitter.com/Mircea_Popescu/status/438181249799438336 << for everyone's lulz. |
| 00:18 |
ozbot |
Twitter / Mircea_Popescu: Specifically, @CharlieShrem ... |
| 00:18 |
copumpkin |
and the good people aren't looking |
| 00:19 |
assbot |
[HAVELOCK] [NEOBEE] 284 @ 0.00427064 = 1.2129 BTC [-] {9} |
| 00:19 |
mircea_popescu |
ninjashogun people here are worth well over a billion all together. |
| 00:19 |
ninjashogun |
antephialtic - No, I don't want to specify it here. It's not about solving an unsolved problem, but rather applying existing theory in a novel way. |
| 00:19 |
mircea_popescu |
nevertheless, i'll bet you're not getting a dime so far. |
| 00:19 |
ninjashogun |
mircea_popescu, ok... that doesn't really help me though :) I'm not here raising Series A. |
| 00:19 |
greenspan_fan |
yeah, does it have CSS? that's what I want to know |
| 00:20 |
assbot |
[HAVELOCK] [NEOBEE] 1130 @ 0.00415 = 4.6895 BTC [-] {2} |
| 00:20 |
assbot |
[MPEX] [S.MPOE] 17382 @ 0.00088296 = 15.3476 BTC [-] |
| 00:20 |
ninjashogun |
mircea_popescu, it doesn't matter if they're worth $10M altogether or $10B. As long as at least one person here has a portfolio and is interested in startups |
| 00:20 |
mircea_popescu |
ninjashogun they're also inclined to play, something vc's aren't normally. ATC got started because people were bored and so far cost about 50k or thereabouts. |
| 00:20 |
ThickAsThieves |
;;ticker |
| 00:20 |
gribble |
Bitstamp BTCUSD ticker | Best bid: 446.96, Best ask: 448.9, Bid-ask spread: 1.94000, Last trade: 448.9, 24 hour volume: 66688.95383623, 24 hour low: 442.12, 24 hour high: 579.34, 24 hour vwap: 529.068851738 |
| 00:20 |
mircea_popescu |
but you're nowhere near the zone. |
| 00:20 |
ninjashogun |
antephialitc - the specific graph theory problem is related to shortest-path |
| 00:21 |
ninjashogun |
mircea_popescu, interesting |
| 00:21 |
mircea_popescu |
"Ice-breaking ships help keep Chesapeake Bay waters safe" <<< check out all the global warming. |
| 00:21 |
copumpkin |
ninjashogun: here's a cute way to compute shortest paths: http://r6.ca/blog/20110808T035622Z.html |
| 00:21 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00420001 = 0.42 BTC [+] {4} |
| 00:21 |
greenspan_fan |
my new startup idea: an automated, high-quality "human" activity generator for nascent startups looking for funding |
| 00:21 |
mircea_popescu |
greenspan_fan i'm down. |
| 00:21 |
Duffer1 |
lol |
| 00:21 |
mircea_popescu |
if you manage to insert it into the next round of ycombinator a la sokal, you get a bonus. |
| 00:21 |
ThickAsThieves |
i like my search engine idea better |
| 00:21 |
davout_ |
greenspan_fan: interesting |
| 00:21 |
Duffer1 |
ninjashogun do you have any product at all atm to show? |
| 00:21 |
mircea_popescu |
davout you two can work together. |
| 00:22 |
ThickAsThieves |
customizable filter templates, fully weightable factors, totally transparent seo |
| 00:22 |
ninjashogun |
Duffer1 - no, I just met and spoke with my cofounder today :) |
| 00:22 |
davout |
no, i'm a create-your-own-exchange consultant |
| 00:22 |
asciilifeform |
folks who think they have an efficient solution to an np-complete problem should not settle for small change. |
| 00:22 |
asciilifeform |
like paltry $1B |
| 00:22 |
ninjashogun |
mircea_popescu, above where you say "ATC got started because people were bored" - what is ATC pls? |
| 00:22 |
mircea_popescu |
ninjashogun for the other part of your question, i would say everyone speaking here knows a lot of math. |
| 00:22 |
copumpkin |
asciilifeform: which NP complete problem? |
| 00:22 |
mircea_popescu |
review the logs for various lulz. |
| 00:22 |
greenspan_fan |
it doesn't have to be a solution, just an approximation |
| 00:23 |
mircea_popescu |
(do you know how to review the logs ?) |
| 00:23 |
greenspan_fan |
I get really sick of people defending btc-dev not doing important things because they're "probably" np-complete |
| 00:23 |
ThickAsThieves |
http://log.bitcoin-assets.com/ |
| 00:23 |
mircea_popescu |
greenspan_fan you don't say. |
| 00:23 |
ozbot |
#bitcoin-assets log |
| 00:23 |
mircea_popescu |
IM SICKER OF IT THAN YOU FOO!!1111 |
| 00:24 |
ninjashogun |
Here is the other person's profile that he responded with: "I am a full stack web/desktop/mobile developer. Currently my weapon of choice is C# for the back end stuff, and JavaScript for the front end. I am also versed in Objective-C (I have three apps on the app store). Daily my bread and butter is developing web apps. Lately I've been developing cross-platform mobile games. I have a degree in Math, so I know just a bit of graph theory... this |
| 00:24 |
ninjashogun |
project sounds interesting. I'm open and interested in hearing more about this project." |
| 00:24 |
mircea_popescu |
http://trilema.com/wp-content/uploads/2014/02/headbash-d.gif << i'm this sick of it. |
| 00:24 |
assbot |
[HAVELOCK] [NEOBEE] 200 @ 0.0045 = 0.9 BTC [+] {3} |
| 00:24 |
greenspan_fan |
mircea_popescu ranking sickness of it is (probably) np-complete |
| 00:24 |
ninjashogun |
And for a bit of information, the team is distributed - he is in Kentucky and I am from Boston |
| 00:24 |
ninjashogun |
Duffer1 - is a distributed team a problem for you? |
| 00:24 |
Duffer1 |
not even a little bit |
| 00:24 |
mircea_popescu |
ninjashogun listen, you're really misbehaving here, albeit perhaps unintentionally. the correct approach is to lurk and read the logs for about half a year. then you'll be in a position to meaningfully engage th dragons here. |
| 00:25 |
mircea_popescu |
i get that this doesn't help you any in the sense of getting you to do what you want to do |
| 00:25 |
mircea_popescu |
and while that is unfortunate, it's nevertheless what it is. |
| 00:25 |
assbot |
[HAVELOCK] [NEOBEE] 307 @ 0.0045 = 1.3815 BTC [+] {6} |
| 00:25 |
ninjashogun |
Duffer1, great. |
| 00:25 |
greenspan_fan |
alternatively, have some code people can look at |
| 00:25 |
Duffer1 |
^and it is genuinely to your benefit to take that advice |
| 00:25 |
ninjashogun |
Duffer1 I can PM you the specific graph application (in gerneral terms) |
| 00:25 |
mircea_popescu |
http://trilema.com/2014/la-firma/ << perhaps see that as a primer. |
| 00:25 |
ozbot |
La firma pe Trilema - Un blog de Mircea Popescu. |
| 00:25 |
Duffer1 |
nono that's alright |
| 00:25 |
ninjashogun |
all right. though it's interesting |
| 00:25 |
mircea_popescu |
mutatis mutandis |
| 00:26 |
ninjashogun |
again, this is the idea that caused this startup to be created this week. (I did consult with advisors the last week or two about it.) |
| 00:26 |
assbot |
[HAVELOCK] [NEOBEE] 118 @ 0.00450001 = 0.531 BTC [+] |
| 00:26 |
Duffer1 |
keep this chan open when you can though, hang around |
| 00:26 |
mircea_popescu |
no, see, unless you can name an advisor and i can go |
| 00:26 |
mircea_popescu |
;;rated advisor |
| 00:26 |
gribble |
You have not yet rated user advisor |
| 00:26 |
mircea_popescu |
and get a positive result, you haven't in fact consulted any advisors. |
| 00:27 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.0045001 = 0.45 BTC [+] {2} |
| 00:28 |
ninjashogun |
Duffer1, thanks for the feedback |
| 00:28 |
greenspan_fan |
it isn't meant to be discouraging, just that you have to do some ground work, have something to show off (like a demo, or some sort of model, at least), before anyone can make an informed investment decision |
| 00:28 |
Duffer1 |
^.^ |
| 00:28 |
ninjashogun |
greenspan_fan, well, obviously |
| 00:29 |
ninjashogun |
So what I was tihnking is that this isn't a real 'forum' (in that most IRC channels are basically just trolls etc) and that I would just escalate to another form of contact (skype etc) and be in touch while it gets rolled out |
| 00:29 |
ninjashogun |
the other thing is we don't REALLY have any capitalization requirements. |
| 00:29 |
mircea_popescu |
Bugpowder http://web.mit.edu/newsoffice/2014/a-paper-diagnostic-for-cancer-0224.html i imagine you saw that already ? |
| 00:29 |
ninjashogun |
it's all software, we have jobs at the moment |
| 00:30 |
mircea_popescu |
no, this is the real forum. |
| 00:30 |
mircea_popescu |
when the sec wanted to talk to me i forced them to come here. |
| 00:30 |
ninjashogun |
so out of a $50K investment, probably a few hundred would go to server costs and $47K would sit in the bank for six months. while we build it (Though I know that is not what investors like to hear) |
| 00:30 |
ninjashogun |
mircea_popescu, you're kidding right? |
| 00:30 |
mircea_popescu |
i'm dead serious. |
| 00:30 |
mircea_popescu |
this is the forum. |
| 00:30 |
ninjashogun |
mircea_popescu, um |
| 00:30 |
greenspan_fan |
personally, I think it would be cool to invest in a start up, but I'm kinda averse to giving cash to pseudonyms in irc who aren't incorporated, have no references, no demos |
| 00:31 |
greenspan_fan |
mircea_popescu when did the SEC come knocking? |
| 00:31 |
mircea_popescu |
at the rate we're going i'll prolly publish the bundle in a coupla weeks. |
| 00:31 |
ninjashogun |
greenspan_fan, so first of all obviously you would not give a cash to a pseduonmn :) We can get in touch if appropriate. Could you tell me a bit about yourself - do you have any investments in startups to date? (or been involved iwth one)? Do you like matheatics or theoretical computer science? |
| 00:32 |
mircea_popescu |
and you can see then. |
| 00:32 |
Bugpowder |
mircea_popescu: Nope, it sounds like a good idea, but I don't think it will really work. the reason the pregnancy ones work is the hormone level goes up >1000x. MMPs are not that unregulated, maybe 2-3x by volume? Need to read the paper but I imagine the ROC curve is pretty ugly. |
| 00:32 |
Bugpowder |
'upregulated' |
| 00:32 |
mircea_popescu |
Bugpowder kinda what im doing here, trying to cheat |
| 00:33 |
assbot |
[MPEX] [S.MPOE] 29900 @ 0.0008839 = 26.4286 BTC [+] {2} |
| 00:33 |
mircea_popescu |
my head goes "yes, but maybe it goes up locally ?" but how would i know. |
| 00:34 |
greenspan_fan |
it's the new thing |
| 00:34 |
greenspan_fan |
metablomics. big data, and lots of urine |
| 00:35 |
mircea_popescu |
myeah. |
| 00:36 |
benkay |
"cool to invest in a startup" |
| 00:36 |
benkay |
fuck everything |
| 00:36 |
mircea_popescu |
so he's new, what. |
| 00:36 |
benkay |
this is what is wrong with the planet |
| 00:36 |
mircea_popescu |
let the man have fun. |
| 00:36 |
mircea_popescu |
not like he's doing it on borrowed moneyz. |
| 00:36 |
benkay |
unlike the vcs, i suppose |
| 00:36 |
mircea_popescu |
so you see. |
| 00:37 |
Bugpowder |
Not to mention, early diagnosis of some cancers has no effect on mortality, but does decrease QOL |
| 00:37 |
Bugpowder |
and increase care costs dramatically |
| 00:38 |
mircea_popescu |
sad but true |
| 00:38 |
greenspan_fan |
benkay I've just never had anyone ask me for money and it turn out well, so I am holding out hope for ninjashogun |
| 00:38 |
mircea_popescu |
then again this seemed geared for africa |
| 00:38 |
mircea_popescu |
i bet the situation re qol / cost is different there. |
| 00:38 |
ninjashogun |
greenspan_fan, I haven't asked you for money :) |
| 00:38 |
mircea_popescu |
Bugpowder for public benefit, mind enumerating those types ? |
| 00:39 |
mircea_popescu |
greenspan_fan i take it your wife doesn't ask, just takes ? :D |
| 00:39 |
joecool |
mircea_popescu: congrats on mpex outliving yet another exchange |
| 00:40 |
greenspan_fan |
haha |
| 00:40 |
mircea_popescu |
joecool well ty, tho it's kinda chearting. mpex never did fiat. |
| 00:40 |
mircea_popescu |
shitty business to be in. |
| 00:40 |
joecool |
seems so |
| 00:41 |
benkay |
in other news, i'm talking about lisp at the Portland Python night this month. if there are any Portlanders listening, you should come and NOT TALK ABOUT BITCOIN FFS. |
| 00:41 |
benkay |
http://www.meetup.com/pdxpython/events/146120792/ |
| 00:41 |
ozbot |
Monthly Presentation Night - |
| 00:41 |
mircea_popescu |
everyone go, talk of atc instead. |
| 00:42 |
benkay |
bloody pedants |
| 00:42 |
mircea_popescu |
http://www.debka.com/article/23704/Russian-units-transferred-from-securing-the-Sochi-games-to-the-Ukraine-border |
| |
↖ |
| 00:42 |
ozbot |
Russian units transferred from securing the Sochi games to the Ukraine border |
| 00:42 |
mircea_popescu |
sheet's getting warm there. |
| 00:42 |
benkay |
wowee |
| 00:42 |
mircea_popescu |
what i hear is they moved something like 10k armored vehicles so far today. |
| 00:44 |
copumpkin |
benkay: you a PL person? |
| 00:44 |
davout |
oh nice, i didn't the dip |
| 00:44 |
assbot |
[HAVELOCK] [NEOBEE] 52 @ 0.00509969 = 0.2652 BTC [-] {2} |
| 00:44 |
assbot |
[MPEX] [S.MPOE] 31100 @ 0.0008853 = 27.5328 BTC [+] {5} |
| 00:44 |
davout |
see* |
| 00:45 |
assbot |
[HAVELOCK] [PETA] 5 @ 0.1115081 = 0.5575 BTC [-] {3} |
| 00:45 |
assbot |
[MPEX] [S.MPOE] 7161 @ 0.00088296 = 6.3229 BTC [-] |
| 00:45 |
mircea_popescu |
;;ticker |
| 00:45 |
gribble |
Bitstamp BTCUSD ticker | Best bid: 460.0, Best ask: 463.46, Bid-ask spread: 3.46000, Last trade: 463.46, 24 hour volume: 70747.68743697, 24 hour low: 436.36, 24 hour high: 578.5, 24 hour vwap: 522.632639086 |
| 00:45 |
mircea_popescu |
derp. |
| 00:46 |
antephialtic |
heh. someone should make an MPEX style exchange for usd/btc, all security based on pgp keys |
| 00:46 |
davout |
oh, mtgox is down |
| 00:46 |
assbot |
[HAVELOCK] [PETA] 2 @ 0.11150005 = 0.223 BTC [-] {2} |
| 00:46 |
assbot |
[HAVELOCK] [AM1] 5 @ 0.47206 = 2.3603 BTC [-] {3} |
| 00:46 |
joecool |
davout: you seem surprised |
| 00:46 |
antephialtic |
speaking of which, its a bit ridiculous that GPG still doesn't support ECDSA keys |
| 00:47 |
davout |
antephialtic: it does |
| 00:47 |
joecool |
antephialtic: blame debian |
| 00:47 |
mircea_popescu |
antephialtic localbitcoins is kinda-that i thought |
| 00:47 |
mircea_popescu |
ecdsa sux anyway. |
| 00:47 |
davout |
not really |
| 00:47 |
assbot |
[HAVELOCK] [AM100] 50 @ 0.00434673 = 0.2173 BTC [-] {9} |
| 00:47 |
davout |
(the localbitcoins thing) |
| 00:47 |
joecool |
mircea_popescu: depends on the curve chosen |
| 00:47 |
mircea_popescu |
joecool im suspicious as al lfuck of the entire thing. |
| 00:48 |
mircea_popescu |
reminds me of dsa. |
| 00:48 |
davout |
antephialtic: you can already have the same feature if you trade x.eur on mpex |
| 00:48 |
antephialtic |
wait it does? I'm running osx with gpg from homebrew and it doesn't have ecdsa as an option |
| 00:48 |
davout |
antephialtic: i think it's gpg2 that does |
| 00:48 |
joecool |
i'm using 4096-bit RSA for the forseeable future, but ecdsa seems attractive if i can write a javacard implementation to work on my yubikey neo |
| 00:48 |
assbot |
[MPEX] [S.MPOE] 4607 @ 0.00088296 = 4.0678 BTC [-] |
| 00:48 |
joecool |
until then, openpgp smartcard for me |
| 00:48 |
mircea_popescu |
joecool how would you identify the classes of curves they have popped ? |
| 00:48 |
antephialtic |
mircea_popescu: I agree, DSA/ECDSA is a kludge. Schnorr signatures are much better |
| 00:49 |
benkay |
copumpkin: pl? |
| 00:49 |
copumpkin |
programming language |
| 00:49 |
benkay |
copumpkin: programming languages? |
| 00:49 |
benkay |
notrly |
| 00:49 |
mircea_popescu |
yes he is. |
| 00:49 |
copumpkin |
ah |
| 00:49 |
benkay |
there is only lisp. |
| 00:49 |
mircea_popescu |
stop scamming him! |
| 00:49 |
copumpkin |
:) |
| 00:49 |
antephialtic |
davout: thanks for the tip, going to try to set that up |
| 00:49 |
mircea_popescu |
lmao |
| 00:49 |
benkay |
i'm not even a computer science person |
| 00:49 |
Namworld |
What the hell is going on? I leave for a few hours and the whole Bitcoin world goes to ashes? |
| 00:49 |
benkay |
it's not Bitcoin, it's just Gox. |
| 00:49 |
joecool |
mircea_popescu: again i don't use them either, the lack of support though isn't from waryness, it's from the number of old gnupg clients in the wild |
| 00:50 |
Namworld |
For the sake of speculators dropping out/news/etc, damage is done. |
| 00:50 |
Namworld |
It's only gox, the rest will recover |
| 00:50 |
Namworld |
But for now everything is on fire, so to speak. |
| 00:51 |
davout |
Namworld: global warming hits bitcoin |
| 00:51 |
mircea_popescu |
antephialtic i'd rather see Cramer-Shoup myself. |
| 00:51 |
mircea_popescu |
i still dunno why they've never been seriously implemented. |
| 00:52 |
Namworld |
Global warming? NEEEEEIIIIIILLLLL |
| 00:52 |
mircea_popescu |
https://twitter.com/CharlieShrem/status/438189256268611584 << check out shrem. |
| 00:52 |
ozbot |
Twitter / CharlieShrem: . @Mircea_Popescu We both had ... |
| 00:52 |
Namworld |
Sorry, sorry. My cousin keeps quoting that line from DBZ abridged. |
| 00:53 |
mircea_popescu |
Namworld is she hot ? |
| 00:53 |
ninjashogun |
mircea_popescu, I checked out mpex exchange |
| 00:53 |
benkay |
copumpkin: u has pm |
| 00:53 |
Namworld |
Guy cousin |
| 00:53 |
ninjashogun |
mircea_popescu, did you write it in Perl? |
| 00:53 |
Namworld |
I had money on gox for convenience, I must admit. |
| 00:53 |
mircea_popescu |
i didn't write it at all, and tech details haven't really been released. |
| 00:54 |
Namworld |
Withdrew it at a 10% cut as soon as issues hit. |
| 00:54 |
mircea_popescu |
Namworld no convenience for you! come back, 1 year! |
| 00:54 |
ninjashogun |
mircea_popescu, I guess you just wrote the beautiful front-end right :) |
| 00:54 |
mircea_popescu |
o hey. didja help all the people buying mtgox debt learn a lesson ? lol |
| 00:54 |
mircea_popescu |
ninjashogun no, i just tell people what to do. |
| 00:54 |
mircea_popescu |
and what they did wrong. |
| 00:54 |
lnovy |
mircea_popescu: that sun picture send my box whole 1GB into swap :D |
| 00:55 |
mircea_popescu |
and then if they don't listen sometimes they live long enough to apologize. |
| 00:55 |
mircea_popescu |
like homeboy shrem a few lines up |
| 00:55 |
mircea_popescu |
lnovy it's not that huge is it ?! |
| 00:55 |
lnovy |
mircea_popescu: 4096x4096... but I guess FF is just crap at those... |
| 00:55 |
mircea_popescu |
srsly. |
| 00:56 |
mircea_popescu |
what do you do if you get like, a real monitor one day ? |
| 00:56 |
lnovy |
I have 1920x1080 + 1280x1024... but only a 4 gigs of ram... |
| 00:56 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.10975 BTC [+] |
| 00:57 |
mircea_popescu |
benkay fwiw, i heard copumpkin once used a lambda function to turn a iphone into an ipad |
| 00:57 |
ninjashogun |
lnovy - if it's any consolation, they just came out with a 128 GB micro sd card. |
| 00:57 |
copumpkin |
lol |
| 00:58 |
benkay |
i once heard copumpkin use a closure to turn an Mac][ into a Genera |
| 00:58 |
lnovy |
i'd swap to that :) |
| 00:58 |
benkay |
it was audible. |
| 00:58 |
mircea_popescu |
lmao |
| 00:58 |
assbot |
Last 4 lines bashed and pending review. (http://dpaste.com/1656343/plain/) |
| 00:58 |
benkay |
!b 4 |
| 00:59 |
lnovy |
ok, I don't get it :) |
| 00:59 |
mircea_popescu |
don't worry, nobody does. |
| 00:59 |
mircea_popescu |
it's lisp. |
| 00:59 |
ninjashogun |
www.spritzinc.com - https://news.ycombinator.com/item?id=7295094 |
| 00:59 |
lnovy |
curring is for fools |
| 00:59 |
ninjashogun |
sorry I meant to quote "Spritz read 500 words per minute without any training" |
| 00:59 |
ninjashogun |
it's an interesting little app |
| 01:00 |
mircea_popescu |
ninjashogun if you just dump the link ozbot will read the page title. |
| 01:00 |
Bugpowder |
http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?smid=tw-share&_r=3 |
| 01:00 |
ozbot |
Log In - The New York Times |
| 01:00 |
ninjashogun |
lol |
| 01:00 |
ninjashogun |
that worked :) |
| 01:00 |
mircea_popescu |
the new york times is so well adapted to the web. |
| 01:00 |
Bugpowder |
mircea_popescu: breast cancer, prostate cancer |
| 01:00 |
ninjashogun |
ozbot should pretend to be the google bot - then it would get the right titles |
| 01:00 |
mircea_popescu |
whoa. |
| 01:01 |
mircea_popescu |
Bugpowder how the fuck does that work man. on my list breast cancer is one where early discovery has the greatest impact. in there with skin cancer. |
| 01:01 |
mircea_popescu |
what have i been reading the wrong books ? |
| 01:01 |
mircea_popescu |
ninjashogun i think it just looks for the <title> element in html |
| 01:02 |
ninjashogun |
ho okay |
| 01:02 |
assbot |
[HAVELOCK] [HIF] 626 @ 0.00050099 = 0.3136 BTC [+] {3} |
| 01:04 |
ninjashogun |
mircea_popescu, when you said above that this channel was worth "over $1b" I didn't takei t seriously as if it has like 500 regulars then just a couple of people worth $50M - or a single Internet billionaire who drops in sometimes - would account for that |
| 01:05 |
mircea_popescu |
ninjashogun well it was seriously. |
| 01:05 |
Bugpowder |
In other news. http://dealbook.nytimes.com/2014/02/24/gselevator-tattletale-exposed-he-was-never-in-the-goldman-elevator/?hp |
| 01:06 |
mircea_popescu |
hahahaah |
| 01:06 |
mircea_popescu |
did you tweet that ? |
| 01:06 |
ninjashogun |
mircea_popescu, your own net worth is quite up there from your exchange site? (With all its glorious stylesheets)? |
| 01:06 |
assbot |
[HAVELOCK] [SFI] 271 @ 0.00086048 = 0.2332 BTC [-] {3} |
| 01:07 |
Bugpowder |
argh can't transfer bitcoin on work network, even when VPN'ed to elsewhere |
| 01:07 |
assbot |
[HAVELOCK] [DEALCO] 85 @ 0.00509997 = 0.4335 BTC [+] {5} |
| 01:08 |
mircea_popescu |
ninjashogun http://log.bitcoin-assets.com/?date=23-02-2014#523542 im dead, what. |
| 01:11 |
assbot |
[HAVELOCK] [AM1] 2 @ 0.472 = 0.944 BTC [-] |
| 01:11 |
mircea_popescu |
Bugpowder incidentally, you know sm is in hot water over it ? |
| 01:11 |
mircea_popescu |
extent of the damage not quite known yet. |
| 01:12 |
ninjashogun |
:) |
| 01:12 |
Bugpowder |
SM? |
| 01:12 |
mircea_popescu |
second market. |
| 01:12 |
Bugpowder |
oh yeah |
| 01:12 |
Bugpowder |
duh |
| 01:12 |
mircea_popescu |
myeah. |
| 01:13 |
mircea_popescu |
course they probably get a free pass from investors |
| 01:13 |
mircea_popescu |
at least this time. |
| 01:13 |
ninjashogun |
guys I've received some suggestions to "lurk" and "read logs" here, which I wouldn't really have time to do. It was nice meeting you all though and I may be back as the project progresses. Overall I don't think I will be spending a ton of time building WoT, advisors, etc - as I have real-world references for the moment that I would expect anyone to consutl. |
| 01:13 |
antephialtic |
mircea_popescu: what is the source that all winklevosses money was in gox |
| 01:13 |
mircea_popescu |
ninjashogun an' that's fine. |
| 01:13 |
antephialtic |
ninjashogun: *humblebrag exits* |
| 01:13 |
nubbins` |
A Goldman spokesman, after being told that @GSElevator had been unmasked, said in a statement, “We are pleased to report that the official ban on talking in elevators will be lifted effective immediately.” |
| 01:13 |
nubbins` |
heh |
| 01:13 |
mircea_popescu |
antephialtic source ? what is this source thing you speak of. |
| 01:14 |
mircea_popescu |
nubbins` wtf you know, ban on talking on elevators. |
| 01:14 |
nubbins` |
i lel'd |
| 01:14 |
mircea_popescu |
how about banning fucktards from taking the elevator with you |
| 01:14 |
mircea_popescu |
eleWoT! |
| 01:14 |
nubbins` |
i think it was a bit tongue in cheek |
| 01:14 |
Vexual |
noone talks to me in elevators |
| 01:14 |
ninjashogun |
ah no humblebrag. It's certainly nice to meet you guys. later. |
| 01:14 |
mircea_popescu |
;;google love in an elevator aerosmith |
| 01:14 |
gribble |
Aerosmith - Love In An Elevator - YouTube: <http://www.youtube.com/watch?v=h3Yrhv33Zb8>; Love in an Elevator - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Love_in_an_Elevator>; AEROSMITH LYRICS - Love In An Elevator - A-Z Lyrics: <http://www.azlyrics.com/lyrics/aerosmith/loveinanelevator.html> |
| 01:14 |
nubbins` |
i face backwards if i'm the first person to get in |
| 01:14 |
nubbins` |
occasionally other people do it too |
| 01:15 |
antephialtic |
glad to see dealbook is focusing on hard hitting journalism |
| 01:15 |
mircea_popescu |
i got news for you : those people are gay and looking. |
| 01:15 |
Bugpowder |
If only Lawsky had rolled out the bit license earlier |
| 01:15 |
mircea_popescu |
lawl. |
| 01:15 |
nubbins` |
not quite as tongue in cheek as this: http://cdn.rt.com/files/news/22/c2/70/00/rings.si.jpg |
| 01:15 |
mircea_popescu |
antephialtic actually a guy focusing on hard hitting journalism was here earlier. |
| 01:15 |
mircea_popescu |
hopefully he sticks. |
| 01:16 |
kakobrekla |
looky, erik is alive |
| 01:16 |
kakobrekla |
www.reddit.com/r/Bitcoin/comments/1yv6ph/some_words_for_my_friends/ |
| 01:16 |
Vexual |
the viking? |
| 01:17 |
mircea_popescu |
lol |
| 01:17 |
Bugpowder |
The 0.01% of bitcoin trying to feel the pain of the 99% |
| 01:17 |
davout |
LOL |
| 01:18 |
mircea_popescu |
lmao why so mean. |
| 01:18 |
mircea_popescu |
actually it's prolly less than 0.001% |
| 01:19 |
mircea_popescu |
pretty sure he's in the 100 archons, and pretty sure there's over 100k people with some bitcoin dust somewhere. |
| 01:19 |
nubbins` |
the satoshi% |
| 01:19 |
mircea_popescu |
so that'd be 1 in 1k |
| 01:19 |
davout |
i hope my 300 EUR/BTC bid gets to feel the pain too |
| 01:19 |
mircea_popescu |
$vwap x.eur |
| 01:19 |
mpexbot |
mircea_popescu: X.EUR 1 day: average: 0.00206827 high: 0.0021 low: 0.002 volume: 1100 btc: 2.2751 7 day: average: 0.00211705 high: 0.00226762 low: 0.002 volume: 4209 btc: 8.91064414 30 day: average: 0.00187721 high: 0.00226762 low: 0.00166114 volume: 17120 btc: 32.13776514 |
| 01:19 |
mircea_popescu |
$depth x.eur |
| 01:19 |
mpexbot |
mircea_popescu: X.EUR Bids: ['200 @ 0.00170512', '500 @ 0.00169213', '4200 @ 0.0016245', '100 @ 0.00153846', '1000 @ 0.001'] |
| 01:19 |
mpexbot |
mircea_popescu: Asks: ['749 @ 0.0025', '251 @ 0.0026', '450 @ 0.002837', '1531 @ 0.0029'] |
| 01:20 |
mircea_popescu |
some gap there. |
| 01:20 |
davout |
not there :D |
| 01:20 |
davout |
still gotta work on the bot |
| 01:20 |
Vexual |
make it do binladens too |
| 01:20 |
Vexual |
gangsta |
| 01:21 |
greenspan_fan |
how many bots are in this channel? |
| 01:21 |
Vexual |
or g* is five or ten rather than 3.45565 |
| 01:21 |
nubbins` |
we are all bots |
| 01:21 |
Vexual |
im the orb |
| 01:21 |
davout |
greenspan_fan: there's assbot, ozbot, gribble |
| 01:22 |
mod6 |
mpexbot |
| 01:22 |
mircea_popescu |
greenspan_fan bout 3 |
| 01:22 |
davout |
mebbe other that i forget/don't know about |
| 01:22 |
greenspan_fan |
how many are custom code? |
| 01:22 |
mircea_popescu |
i think most are supybot |
| 01:22 |
kakobrekla |
assbot is assbot |
| 01:22 |
davout |
.bait |
| 01:22 |
ozbot |
http://25.media.tumblr.com/1f55fe7276e6389293ff0657a32daf1b/tumblr_mffqe8FCLj1rxd7x3o1_1280.jpg |
| 01:23 |
davout |
that's ozbot :3 |
| 01:23 |
assbot |
[HAVELOCK] [NEOBEE] 38 @ 0.00508637 = 0.1933 BTC [-] {3} |
| 01:23 |
davout |
that's a cute one |
| 01:23 |
Bugpowder |
mircea_popescu: Serious question time, how will options contracts be exercised at month's end? At bitcoincharts price, or at last quoted (~$650 / BTC)? |
| 01:23 |
mircea_popescu |
Bugpowder that'll be announced then |
| 01:23 |
davout |
bitcoincharts 7d vwap iirc |
| 01:23 |
davout |
haha guess not heh |
| 01:24 |
mircea_popescu |
davout was 24h vwap, except arguably bitcoincharts is broken etc. |
| 01:24 |
mircea_popescu |
it's a fucking conundrum. |
| 01:24 |
Bugpowder |
Going to have a big effect on S.MPOE results. Would like to know before. |
| 01:24 |
davout |
i was thinking about when you said using implied spot for futures was a bad idea |
| 01:25 |
Bugpowder |
bitcoincharts may fix itself shortly though |
| 01:25 |
davout |
you still think so? |
| 01:25 |
mircea_popescu |
Bugpowder kinda why i'm not saying anything. |
| 01:25 |
mircea_popescu |
davout not sure exactly what you mean ? |
| 01:25 |
davout |
we were discussing the basket, and how mtgox was kinda ruining it |
| 01:25 |
mircea_popescu |
yeah |
| 01:26 |
davout |
and that it would theoretically possible to use the future's implied spot to get the collateralization requirement |
| 01:26 |
Vexual |
vorb eurostack |
| 01:26 |
* |
Vexual 1.05 |
| 01:26 |
Vexual |
vorb findeuro |
| 01:26 |
* |
Vexual unknown |
| 01:26 |
greenspan_fan |
"If you’re sad about your bitcoins losing all their value, maybe you should have put out more lands so you could bring them out earlier." -- @deliciousbees |
| 01:26 |
davout |
not even the implied spot i guess, the actual spot |
| 01:26 |
Bugpowder |
420 on coinbase dude |
| 01:27 |
mircea_popescu |
davout i recall you proposing that and me pointing out it cant happen because of backfeed. |
| 01:27 |
davout |
or some vwap |
| 01:28 |
mircea_popescu |
https://twitter.com/Mircea_Popescu/status/438198808359731200 << curious how well that works out. |
| 01:28 |
ozbot |
Twitter / Mircea_Popescu: @niubi You only think that ... |
| 01:28 |
Vexual |
.m |
| 01:29 |
davout |
nah, i said BC's vwap, which you understood as x.eur's vwap |
| 01:29 |
mircea_popescu |
no difference, inasmuch as you run both. |
| 01:29 |
davout |
i didn't even think about using x.eur's |
| 01:29 |
Vexual |
.lm |
| 01:29 |
Vexual |
.bait |
| 01:29 |
ozbot |
http://25.media.tumblr.com/8c082dff11f32c3ae6859b73a4b3ea20/tumblr_mg6egfuPs31rjpxwzo1_500.jpg |
| 01:30 |
Vexual |
zing |
| 01:30 |
davout |
wouldn't it make sense if the market was larger? |
| 01:30 |
davout |
anyway, just wondering |
| 01:30 |
mircea_popescu |
it wouldn't make sense no matter how large the market is, because you arguably can still control it. |
| 01:31 |
davout |
at least on the x.eur side that's something that you could quantify |
| 01:31 |
mircea_popescu |
maybe if you were mtgox cca 2011 and had 9x% of the market you could bring the arugment that it's nonsense to empower errors by going outside |
| 01:31 |
davout |
yeah |
| 01:31 |
mircea_popescu |
but im not in the business of quantifying such. |
| 01:31 |
davout |
on an unrelated note the french are in favor of internet big brothering -> http://www.lefigaro.fr/flash-eco/2014/02/25/97002-20140225FILWWW00021-les-francais-pour-la-surveillance-d-internet.php |
| 01:31 |
davout |
such wow |
| 01:32 |
mircea_popescu |
basically the french strike me as the sort of people who'd be in favour of a government accuplation scheme. |
| 01:32 |
mircea_popescu |
you submit your genital pictures, you get matched by le departement with some guy, |
| 01:32 |
mircea_popescu |
functionaries come and insert his thing in your thing, etc |
| 01:33 |
cerelenius |
mircea: care to comment on the price thnx |
| 01:33 |
davout |
lol, don't see me as french, i'm half dutch, half nigerian |
| 01:33 |
davout |
cerelenius: reddit seems to be doing a good job with that :-) |
| 01:33 |
mod6 |
yoh dawg, we heard you like things in your thing |
| 01:33 |
mircea_popescu |
cerelenius notrly. |
| 01:34 |
cerelenius |
shrem made a total fool of himself again |
| 01:34 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.472 BTC [-] |
| 01:35 |
mircea_popescu |
you know pick something and stick to it, koin3d, whatever. |
| 01:35 |
mircea_popescu |
this constant namechanging is derpy. |
| 01:35 |
assbot |
[HAVELOCK] [NEOBEE] 542 @ 0.00506068 = 2.7429 BTC [+] {6} |
| 01:36 |
assbot |
[HAVELOCK] [NEOBEE] 134 @ 0.00520597 = 0.6976 BTC [+] {4} |
| 01:36 |
cerelenius |
is the 700k stolen figure true? how does that even make sense |
| 01:37 |
Vexual |
vorb ^ |
| 01:37 |
mircea_popescu |
http://log.bitcoin-assets.com/?date=25-02-2014#527970 |
| 01:37 |
ozbot |
#bitcoin-assets log |
| 01:37 |
Duffer1 |
i'd say it's likely true, the only question is the identity of the thieves |
| 01:37 |
* |
Vexual classified |
| 01:38 |
cerelenius |
well yea but they were honoring btc withdrawals |
| 01:38 |
cerelenius |
up until the fall 2013 |
| 01:38 |
Vexual |
scam 101 |
| 01:38 |
assbot |
[HAVELOCK] [NEOBEE] 154 @ 0.00526065 = 0.8101 BTC [+] {5} |
| 01:38 |
cerelenius |
thieves my ass karpeles is a fucking jew himself |
| 01:38 |
toffoo |
any guesses here on "collateral damage" of gox collapse? who will be the 3rd-party businesses/services who will now collapse because they had coins/funds tied up at gox? |
| 01:38 |
cerelenius |
his cabal took them |
| 01:39 |
Duffer1 |
that's what i'm saying cere |
| 01:39 |
cerelenius |
how would he not notice that type of leakage for so long |
| 01:39 |
Bugpowder |
toffoo: good point |
| 01:39 |
assbot |
[HAVELOCK] [NEOBEE] 75 @ 0.00525796 = 0.3943 BTC [-] {3} |
| 01:39 |
Bugpowder |
counterparty exposure could be bad |
| 01:39 |
cerelenius |
toffoo no i dont think so |
| 01:39 |
cerelenius |
everyone with 2 IQ points left gox last year |
| 01:39 |
Bugpowder |
mircea_popescu: Did you keep any of MPEX account funds on Mt GOx? |
| 01:39 |
toffoo |
it's going to bite at least somebody big out there |
| 01:39 |
mircea_popescu |
toffoo most of the people clueless enough to have been exposed will probably be rescued by their investors now, a la second market. |
| 01:39 |
cerelenius |
lol bugpowder |
| 01:40 |
mircea_popescu |
it's likely the twinklelosses are out of the game. |
| 01:40 |
Vexual |
ooh |
| 01:40 |
mircea_popescu |
Bugpowder i never had a gox account. |
| 01:40 |
mircea_popescu |
it's possible this blow actually takes out the bitcoin foundation scamgroup, |
| 01:40 |
assbot |
[MPEX] [S.MPOE] 96150 @ 0.0008861 = 85.1985 BTC [+] {6} |
| 01:40 |
cerelenius |
mircea_popescu they held coins at gox? |
| 01:40 |
mircea_popescu |
but we'll have to see. |
| 01:40 |
mircea_popescu |
obviously i'll be trying to lock any doors for mr v that i can. race against time. |
| 01:40 |
cerelenius |
winklevoss had their own wallet... |
| 01:41 |
Vexual |
fancy |
| 01:41 |
cerelenius |
mr v? |
| 01:41 |
Bugpowder |
V is the worst |
| 01:41 |
mircea_popescu |
yes, some clown. |
| 01:41 |
cerelenius |
vessennes |
| 01:41 |
cerelenius |
king scumbag |
| 01:42 |
cerelenius |
the irony here is the exchange where nobody knows the owner ends up lasting the longest(btce) |
| 01:42 |
mircea_popescu |
bitstamp is actually older if memory serves. |
| 01:43 |
Vexual |
is btce dead? |
| 01:43 |
cerelenius |
bitstamp is a pita to withdraw from 5k+ they turn it into a huge Q&A session |
| 01:43 |
cerelenius |
vexual no |
| 01:43 |
assbot |
[HAVELOCK] [NEOBEE] 92 @ 0.00539949 = 0.4968 BTC [+] {2} |
| 01:43 |
davout |
mircea_popescu: nah |
| 01:43 |
cerelenius |
mircea_popescu: why do you think the foundation gets taken down? |
| 01:43 |
davout |
btc-e and gox were are oldest, followed by BC |
| 01:44 |
davout |
then came the britcoin/intersango crowd |
| 01:44 |
mircea_popescu |
ic. |
| 01:44 |
cerelenius |
btce is russian run they are more clever |
| 01:44 |
greenspan_fan |
It would be interesting to know how many of the dev team had money on gox |
| 01:44 |
mircea_popescu |
yes, it is often the case entire groups of millions of people are more clever. |
| 01:44 |
cerelenius |
karpeles fat jew no wonder shrem vouched for him |
| 01:45 |
davout |
cerelenius: is there something wrong with being jewish? |
| 01:45 |
greenspan_fan |
if those people are toast, development might slow down |
| 01:45 |
cerelenius |
davout: jews have a tendency for causing chaos, it goes back to choosing barabas in the new testament.. |
| 01:45 |
assbot |
[HAVELOCK] [AM1] 7 @ 0.47142857 = 3.3 BTC [-] {2} |
| 01:45 |
assbot |
[HAVELOCK] [NEOBEE] 245 @ 0.00525243 = 1.2868 BTC [-] {3} |
| 01:45 |
assbot |
[HAVELOCK] [PETA] 30 @ 0.11064975 = 3.3195 BTC [-] {7} |
| 01:45 |
mircea_popescu |
greenspan_fan considering what counts for development these days that should increase the btc price. |
| 01:45 |
cerelenius |
davout: not going to get into that with you |
| 01:46 |
davout |
cerelenius you're not getting to |
| 01:46 |
davout |
into anything anyway, don't even know who the fuck you are |
| 01:46 |
cerelenius |
well ill give credit to mircea for calling it before anyone else |
| 01:46 |
mircea_popescu |
he's this angry canadian fellow. |
| 01:46 |
cerelenius |
publicly |
| 01:47 |
mircea_popescu |
why are you so angry anyway. |
| 01:47 |
cerelenius |
fk off |
| 01:47 |
greenspan_fan |
I think he's just trying to be cool, because racism is controversial |
| 01:47 |
jurov |
http://imgur.com/esDRP98 for greenspan_fan |
| 01:47 |
ozbot |
As a white male, thank you for making me feel awkward ESPN.. - Imgur |
| 01:47 |
cerelenius |
i never said anything racist |
| 01:47 |
mircea_popescu |
greenspan_fan racism is controversial, but re niggers not re jews. |
| 01:48 |
mod6 |
speaking of dev, i thought the most recent list of defects was pretty spot on. account naming issues, et. al. |
| 01:48 |
cerelenius |
mircea_popescu: can you comment on the foundation collapsing? |
| 01:48 |
mircea_popescu |
mod6 barely scratches the surface, really. |
| 01:48 |
mircea_popescu |
we need a motherfuckingspec. |
| 01:49 |
greenspan_fan |
jesus, are you writing an article for your local freeman-on-the-land tabloid? |
| 01:49 |
mircea_popescu |
jurov what i don't understand is... why are all those black guys dressed like if they were white ? |
| 01:49 |
cerelenius |
lol greenspan |
| 01:49 |
mod6 |
it was nice addendum to the first list you made tho. but yeah. |
| 01:49 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.0051 = 0.51 BTC [-] {3} |
| 01:49 |
davout |
mircea_popescu: no, because specification is hard, also leads to alternate implementations, which leads to bugs |
| 01:49 |
mircea_popescu |
white/blue shirts with lines, and the dots on white on the guy on left ? it's fucking outrageously unflattering. |
| 01:50 |
B007 |
mircea_popescu: america makes them think they are |
| 01:50 |
mircea_popescu |
davout o yes i see, alternative implementations leads to bugs. |
| 01:50 |
mircea_popescu |
this is so true. |
| 01:50 |
davout |
yup |
| 01:50 |
mircea_popescu |
why are we even in bitcoin |
| 01:50 |
davout |
hearn said it |
| 01:50 |
davout |
must be true |
| 01:50 |
mircea_popescu |
davout yes but hearn is an idiot. |
| 01:50 |
assbot |
[HAVELOCK] [NEOBEE] 557 @ 0.00539949 = 3.0075 BTC [+] {7} |
| 01:50 |
davout |
no, he works for guggle |
| 01:50 |
mircea_popescu |
fun fact : llvm lead to very many gcc bugs |
| 01:50 |
mircea_popescu |
being finally fixed. |
| 01:50 |
dexX7 |
awww http://s.imgur.com/images/OverCapacity_700.png |
| 01:51 |
davout |
mircea_popescu: oh and "bitcoin relies on bugs in openssl" |
| 01:51 |
davout |
\o/ |
| 01:51 |
assbot |
[HAVELOCK] [NEOBEE] 64 @ 0.00539948 = 0.3456 BTC [-] {2} |
| 01:51 |
mircea_popescu |
lmao |
| 01:51 |
davout |
i'm not even joking |
| 01:51 |
mircea_popescu |
no i know |
| 01:52 |
mircea_popescu |
it's still funny. |
| 01:52 |
Vexual |
kakobrekla, how much do i owe on the dukebox? |
| 01:52 |
cerelenius |
mircea_popescu: will gavin be affected ? |
| 01:52 |
greenspan_fan |
and what about the jews?!?!?!?!?!?!? |
| 01:53 |
mircea_popescu |
the jews will be affected. |
| 01:53 |
davout |
gavin is probably jewish |
| 01:53 |
mircea_popescu |
i think his wife is jewish |
| 01:53 |
davout |
mircea_popescu: wrong, the smart jews don't have anything left in gox since 2011 |
| 01:53 |
mircea_popescu |
davout there are smart jews ? |
| 01:53 |
davout |
mircea_popescu: are there? |
| 01:53 |
greenspan_fan |
oh my god, you guys. |
| 01:53 |
mircea_popescu |
o wait i think i must have mixed up my stereotype cards |
| 01:53 |
mircea_popescu |
nevermind. |
| 01:53 |
davout |
go trade them on gox |
| 01:54 |
davout |
o wait |
| 01:54 |
mircea_popescu |
ahahaha |
| 01:54 |
greenspan_fan |
hahaha |
| 01:54 |
Vexual |
zing |
| 01:54 |
mod6 |
haha |
| 01:54 |
mircea_popescu |
so basically -assets is like old time tv |
| 01:54 |
cerelenius |
satoshi was probably jewish, from the economic theory around btc at least |
| 01:54 |
mircea_popescu |
there's like comedy hour, finance hour, porn hour |
| 01:54 |
mircea_popescu |
we got it all! |
| 01:54 |
assbot |
[HAVELOCK] [NEOBEE] 202 @ 0.00520098 = 1.0506 BTC [-] {3} |
| 01:54 |
assbot |
[MPEX] [S.MPOE] 16750 @ 0.00088221 = 14.777 BTC [-] |
| 01:54 |
B007 |
where is the business? |
| 01:54 |
mircea_popescu |
in the pudding. |
| 01:54 |
Vexual |
its all business |
| 01:55 |
assbot |
Last 20 lines bashed and pending review. (http://dpaste.com/1656532/plain/) |
| 01:55 |
jurov |
!b 20 |
| 01:55 |
cerelenius |
bitcoin is 100% jewish monetary theory, hoard coins and watch them swell in value while adding zero value |
| 01:55 |
jurov |
kakobrekla, dwanna some help with bashing? |
| 01:55 |
assbot |
[HAVELOCK] [PETA] 17 @ 0.11996649 = 2.0394 BTC [+] {5} |
| 01:55 |
greenspan_fan |
all monetary is jewish monetary theory |
| 01:56 |
cerelenius |
unfortunately in 2013 capitalism yes |
| 01:56 |
greenspan_fan |
and I have some bad news about physics, too |
| 01:56 |
davout |
cerelenius: actually bitcoin is jewish in the sense that you're not invited |
| 01:56 |
cerelenius |
well economics is a pseudo physics, adam smith essentially seperated it from moral philosophy |
| 01:56 |
kakobrekla |
jurov you wanna admin the thing? |
| 01:56 |
jurov |
sometimes yes |
| 01:57 |
kakobrekla |
k |
| 01:57 |
Vexual |
he does have a good sense of humour |
| 01:57 |
B007 |
have you guys read Atlas Shrugged? |
| 01:57 |
antephialtic |
yes (unfortunately) |
| 01:57 |
cerelenius |
ayn rand propaganda |
| 01:57 |
Bugpowder |
Jesus christ |
| 01:58 |
greenspan_fan |
jesus. of course. it makes my top 20 most tedious list. |
| 01:58 |
cerelenius |
hi bugpowder |
| 01:58 |
Apocalyptic |
Bugpowder, you got results from your analysis yet ? |
| 01:58 |
Bugpowder |
No I am too busy doing recordings |
| 01:58 |
antephialtic |
if you're going to read a rand book, read anthem, its much shorter and gets all her ideas across without 1200 pages of terrible dialogue |
| 01:58 |
Bugpowder |
I got some nice cells tho |
| 01:58 |
Bugpowder |
Also I'm too tired to figure out how to recurse this nicely. |
| 01:58 |
cerelenius |
greenspan_fan: modern economics is all about having something swell in value(deflation) via usury. bitcoin is no exception pal |
| 01:59 |
antephialtic |
if you really must read a long one, read the fountainhead, its a lot better than atlas shrugged. |
| 01:59 |
Bugpowder |
Or watch the movie |
| 01:59 |
greenspan_fan |
cerelenius usury is what deadbeats call it when they can't meet the interest payments (because they're deadbeats), let alone the principal |
| 02:00 |
mod6 |
fountainhead was ok. i think 'we the living' was better if you must. |
| 02:00 |
cerelenius |
because its impossible to meet it? |
| 02:00 |
cerelenius |
21mil btc @ 1% is impossible. |
| 02:00 |
greenspan_fan |
then don't invest in bitcoin. You'll get better returns with your trailer park meth lab. |
| 02:00 |
cerelenius |
i meant lending them |
| 02:00 |
mircea_popescu |
<greenspan_fan> all monetary is jewish monetary theory << actually it's gypstalian |
| 02:00 |
mircea_popescu |
jews did relatively little. |
| 02:01 |
cerelenius |
lol bitcoin is not an investment pal, its a speculation. bitcoins are sterile |
| 02:01 |
mircea_popescu |
physics tho, yea, as jewish as communism. |
| 02:01 |
cerelenius |
mircea_popescu: you talking about florence |
| 02:01 |
greenspan_fan |
cerelenius okkk, walter white-power |
| 02:01 |
cerelenius |
get your terms right. |
| 02:01 |
assbot |
[HAVELOCK] [AM1] 40 @ 0.47010074 = 18.804 BTC [-] {6} |
| 02:01 |
cerelenius |
when you "buy" a bitcoin its zero sum, someone else now has what you exchanged for it |
| 02:02 |
cerelenius |
you arent adding capital to any project |
| 02:02 |
greenspan_fan |
what is buying anything, then? |
| 02:02 |
davout |
mircea_popescu: you forgot to mention the derp hour apparently |
| 02:02 |
cerelenius |
investing is when you combine capital with labor, ideas etc to create new value |
| 02:02 |
Vexual |
floating a theory is free dickhead |
| 02:02 |
cerelenius |
anything else is mere speculation |
| 02:02 |
mircea_popescu |
davout derp hour is like pie hour. |
| 02:02 |
mircea_popescu |
every time is a good time for pie. |
| 02:02 |
davout |
hahaha |
| 02:03 |
mircea_popescu |
anyway, i'll bbl. |
| 02:03 |
cerelenius |
bitcoin economy you will always have everyone impoverished except about 0.001% of holders |
| 02:03 |
cerelenius |
the same thing under 100% gold standard |
| 02:03 |
mircea_popescu |
cerelenius that's fine, brains distribute about the same way. |
| 02:03 |
mircea_popescu |
let the idiots be poor, best thing for them and everyone else. |
| 02:04 |
cerelenius |
it ends up backfiring on the rich though over the long term |
| 02:04 |
cerelenius |
thats what occured in florence as well, you had the biggest prosperity ever yet they ended up imploding since the commoner couldnt afford to run a family |
| 02:04 |
assbot |
[HAVELOCK] [AM1] 2 @ 0.47 = 0.94 BTC [-] |
| 02:05 |
Vexual |
u wanna renaissance? do it |
| 02:05 |
cerelenius |
renaissance was a bread and circus to cover the economic looting of that time |
| 02:05 |
cerelenius |
hence all the arts |
| 02:07 |
greenspan_fan |
so many other things happened at the time |
| 02:07 |
cerelenius |
in bitcoin large holders have to do nothing, becuase as the armies of fanatics spread the gospel and do all the work, the largest holders get all the purchasing power transfered to them |
| 02:07 |
Vexual |
yeah people did good shit, and other people went. whoa here have some money |
| 02:08 |
cerelenius |
greenspan_fan: you are clueless. renaissance was the birth of capitalism and large scale usury in the west, it ended up destroying all the participating city states |
| 02:08 |
greenspan_fan |
in the midst of dynastic struggle, wars, and massive religious upheaval |
| 02:08 |
cerelenius |
venice went from richest region in the world to flat broke |
| 02:08 |
greenspan_fan |
but clearly it was the usurious jews |
| 02:08 |
cerelenius |
no it was usury. |
| 02:08 |
greenspan_fan |
hahaha |
| 02:08 |
cerelenius |
not just them |
| 02:08 |
assbot |
[HAVELOCK] [NEOBEE] 28 @ 0.00539949 = 0.1512 BTC [+] {2} |
| 02:09 |
cerelenius |
everyone was engaged in it essentially |
| 02:09 |
cerelenius |
fugger were the most famous |
| 02:09 |
greenspan_fan |
and yet, I am not convinced that charging interest is bad. If you want me to loan you something, then you should compensate for my not having it while you use it. |
| 02:09 |
cerelenius |
the problem with usury is your economy never grows fast enough to keep up with the debt + interest |
| 02:10 |
cerelenius |
greenspan_fan: well yea there is legit compensation and then there is usury. |
| 02:10 |
greenspan_fan |
so okay, by definition, then, usury is bad |
| 02:10 |
cerelenius |
in bitcoin you will never be able to have a functioning credit market |
| 02:11 |
cerelenius |
you could run a bills of exchange system if they ever figure out how to make it decentralized |
| 02:11 |
Apocalyptic |
<cerelenius> in bitcoin you will never be able to have a functioning credit market // as said above, it's not that bad |
| 02:11 |
Apocalyptic |
businesses will find finances it they are worthy of it |
| 02:12 |
cerelenius |
you need a self liquidating credit system |
| 02:12 |
cerelenius |
without credit impossible to allocate any capital |
| 02:12 |
Apocalyptic |
here's where you're mistaken |
| 02:13 |
assbot |
[HAVELOCK] [NEOBEE] 210 @ 0.00534999 = 1.1235 BTC [-] {3} |
| 02:13 |
cerelenius |
apocalyptic: im not mistaken, most people have zero idea what money is and who can issue it. |
| 02:13 |
cerelenius |
bitcoins grand accomplishment is the blockchain |
| 02:13 |
Apocalyptic |
how does that contradict the fact you are ? |
| 02:14 |
cerelenius |
apocalyptic: bitcoin as a currency resembles a sophisticated wealth transfer scheme, those who have more of it benefit from the work of everyone else |
| 02:14 |
mjr_ |
so... |
| 02:14 |
cerelenius |
as their coins swell in value |
| 02:14 |
greenspan_fan |
asymptopically, though, it evens out |
| 02:14 |
cerelenius |
no it doesnt lol how? |
| 02:15 |
cerelenius |
an early adopter or large coin holder just has to sit and do nothing, as everyone else "adds to the ecosystem" their coins swell in value with next to no risk, and they didnt even have to hire labor lol |
| 02:16 |
assbot |
[HAVELOCK] [NEOBEE] 600 @ 0.00522283 = 3.1337 BTC [-] {4} |
| 02:16 |
greenspan_fan |
if bitcoin or its like ends up becoming the main currency, or at least a sufficiently important one |
| 02:16 |
cerelenius |
it never will |
| 02:16 |
mjr_ |
well...that all depends, you are describing the "free rider" problem |
| 02:16 |
mjr_ |
which is not new |
| 02:16 |
cerelenius |
mjr_: all deflationary systems work like that |
| 02:16 |
mjr_ |
some people get to (shocking) drive on roads they never paid for |
| 02:16 |
greenspan_fan |
so the alternative is fiat with the jews or btc with the cyber-jews |
| 02:17 |
mjr_ |
nah, think about it this way |
| 02:17 |
cerelenius |
mjr_: money can be anything that extinguishes debt. and since only producers can pay off debt, they are the only ones who can issue money |
| 02:17 |
mjr_ |
wrong |
| 02:17 |
mjr_ |
IMO |
| 02:17 |
mjr_ |
since you can have assets without debt |
| 02:17 |
cerelenius |
bitcoin can only work with a functioning bills of exchange market |
| 02:17 |
mjr_ |
and you can trade those assets for others |
| 02:17 |
mjr_ |
without any debt being involved |
| 02:17 |
cerelenius |
your confused |
| 02:17 |
greenspan_fan |
your line of reasoning is based off of axioms that other people don't agree with |
| 02:17 |
cerelenius |
say im a farmer and i need capital to grow my crop |
| 02:18 |
greenspan_fan |
so this is pointless |
| 02:18 |
cerelenius |
which i cant sell for 6months |
| 02:18 |
mjr_ |
lets pretend we were little kids |
| 02:18 |
mjr_ |
and i had a pb and j |
| 02:18 |
Vexual |
youre a shit farmwer |
| 02:18 |
cerelenius |
if you lend me btc at interest, the crop price will go down |
| 02:18 |
mjr_ |
and you had a cheese sandwich |
| 02:18 |
mjr_ |
we can trade with no debts |
| 02:18 |
mjr_ |
that is the basis of money |
| 02:18 |
cerelenius |
debt is the basis of money |
| 02:18 |
cerelenius |
money is a contract it always was |
| 02:18 |
mjr_ |
what if we had an "abstract base sandwich", no it is not |
| 02:18 |
Vexual |
http://www.youtube.com/watch?v=2uYs0gJD-LE |
| 02:18 |
ozbot |
M.I.A. - "Bad Girls" (Official Video) - YouTube |
| 02:18 |
mjr_ |
it isn't |
| 02:18 |
davout |
cerelenius: you're working on the assumption that money is debt, come back next year |
| 02:18 |
mjr_ |
we can agree to disagree |
| 02:18 |
mjr_ |
but traditionally |
| 02:18 |
cerelenius |
money is a contract |
| 02:19 |
cerelenius |
thats all it is |
| 02:19 |
mjr_ |
it is a token |
| 02:19 |
davout |
cerelenius: money is no such thing |
| 02:19 |
mjr_ |
there is a difference |
| 02:19 |
cerelenius |
no it isnt lol |
| 02:19 |
davout |
cerelenius: well, enjoy your contracts, i'll enjoy my money |
| 02:19 |
mjr_ |
you are mixing up "backed by" with "tradeable for" |
| 02:19 |
cerelenius |
no im not |
| 02:19 |
cerelenius |
tokens havent been used since tribal days |
| 02:19 |
mjr_ |
in the first case, you have an entity willing to always exchange at a fixed ratio |
| 02:19 |
davout |
a contract is debt |
| 02:19 |
cerelenius |
yes |
| 02:19 |
mjr_ |
dollars a token |
| 02:20 |
cerelenius |
dollars are not a token lol |
| 02:20 |
cerelenius |
they are a credit instrument |
| 02:20 |
mjr_ |
no they are not |
| 02:20 |
mjr_ |
i have dollars |
| 02:20 |
davout |
cerelenius: bitcoin is a commodity, money, not a contract |
| 02:20 |
cerelenius |
every single dollar issued must be backed by collateral |
| 02:20 |
greenspan_fan |
let's pretend we're talking about something that doesn't involve contracts |
| 02:20 |
mjr_ |
what does someone owe me? |
| 02:20 |
mjr_ |
tell me |
| 02:20 |
greenspan_fan |
say, sandwich-coin |
| 02:20 |
mjr_ |
where can i redeem this debt instrument? |
| 02:20 |
cerelenius |
mjr: those dollars are fed reserve liabilities backed by fed reserve assets |
| 02:20 |
mjr_ |
no they are not |
| 02:20 |
cerelenius |
mjr: you cant redeem it, its like a self liquidating tbill |
| 02:20 |
davout |
cerelenius: bwahahaha |
| 02:20 |
mjr_ |
the fed has others dollars |
| 02:20 |
cerelenius |
no they dont |
| 02:21 |
mjr_ |
oh, so it represents a debt that won't be paid to me |
| 02:21 |
mjr_ |
cool system |
| 02:21 |
cerelenius |
yes. |
| 02:21 |
mjr_ |
it doesn't work that way |
| 02:21 |
cerelenius |
hence why it requires perpetual debt creation |
| 02:21 |
greenspan_fan |
to a first approximation, dollars are a token |
| 02:21 |
cerelenius |
mjr: of course it does pull up the fed balance sheet |
| 02:21 |
mjr_ |
no...you really don't understand... |
| 02:21 |
cerelenius |
every single paper USD in existence is backed by assets the fed holds |
| 02:21 |
mjr_ |
a debt means that i am OWED something |
| 02:21 |
cerelenius |
namely US government bonds |
| 02:21 |
mjr_ |
in other words i can REDEEM it |
| 02:21 |
cerelenius |
all electronic dollars are created by commercial banks |
| 02:21 |
mjr_ |
you cannot redeem a dollar |
| 02:21 |
Vexual |
heres a lesson in semantics |
| 02:22 |
Vexual |
http://www.youtube.com/watch?v=bcuAw77J8_Y |
| 02:22 |
ozbot |
Busta Rhymes - Arab Money - YouTube |
| 02:22 |
cerelenius |
backed by collateral |
| 02:22 |
mjr_ |
what is their collateral? |
| 02:22 |
cerelenius |
for fed or commercial banks? |
| 02:22 |
Vexual |
what u got? |
| 02:22 |
mjr_ |
that is like saying "a mortgage is backed by a house, but you cannot ever take the house' |
| 02:22 |
mjr_ |
then it isn't backed by the house... |
| 02:22 |
cerelenius |
the fed collateral is US gov bonds |
| 02:22 |
mjr_ |
which are denominated in... |
| 02:22 |
mjr_ |
oh rightr |
| 02:22 |
mjr_ |
dollars |
| 02:22 |
cerelenius |
commercial bank collateral is anything lent against |
| 02:22 |
mjr_ |
so i have a debt that means you have to pay me other dollars |
| 02:22 |
jurov |
bash flushed |
| 02:23 |
mjr_ |
that is silly |
| 02:23 |
cerelenius |
mjr: yea i agree its not redeemable, its like a 0day tbill |
| 02:23 |
mjr_ |
then its not a debt |
| 02:23 |
mjr_ |
it is a token |
| 02:23 |
cerelenius |
mjr: thats the system they created since they got off gold redeemability |
| 02:23 |
cerelenius |
no it isnt |
| 02:23 |
mjr_ |
first off, that is my point, "notes" represent assets on account |
| 02:23 |
mjr_ |
traditionally |
| 02:23 |
cerelenius |
its impossible to repay debts under the current system because the dollar itself comes into existence through borrowing |
| 02:23 |
mjr_ |
whatever we have done in the last 40 years doesn't fundamentally change the meaning of the word money |
| 02:24 |
davout |
cerelenius: by definition fiat money is a token that is assigned value because of a law, not because it represents a claim to anything |
| 02:24 |
mjr_ |
nice, i'm glad you read "debt: the first 5000 years" but that is not actually the case |
| 02:24 |
cerelenius |
fiat money and credit money are 2 different things |
| 02:24 |
mjr_ |
yes |
| 02:24 |
cerelenius |
we arent in zimbabwe |
| 02:24 |
cerelenius |
that is 100% fiat |
| 02:24 |
davout |
cerelenius: so what's your point exactly? |
| 02:24 |
cerelenius |
we have a credit money system |
| 02:24 |
mjr_ |
simple easy lesson |
| 02:24 |
mjr_ |
if you cannot trade it in for a fixed amount of something else...there is no difference to you |
| 02:24 |
cerelenius |
dabout: my point is bitcoin cannot function on a large scale without a bills of exchange system |
| 02:25 |
mjr_ |
it is a token |
| 02:25 |
davout |
cerelenius: you mean paper bitcoins? |
| 02:25 |
mjr_ |
which we use to exchange value |
| 02:25 |
cerelenius |
mjr: a token is not a liability of someone |
| 02:25 |
assbot |
[HAVELOCK] [HIF] 1279 @ 0.00051978 = 0.6648 BTC [+] {5} |
| 02:25 |
mjr_ |
and a dollar is not a liability of anyone |
| 02:25 |
cerelenius |
yes it is |
| 02:25 |
mjr_ |
unless you are using that word in a completely differnt way than i think |
| 02:25 |
mjr_ |
in which case i would like to borrow as much as i can from you |
| 02:25 |
mjr_ |
liability is something which is owed |
| 02:25 |
davout |
by liability he means garden chair, oh wait it makes sense now |
| 02:25 |
mjr_ |
the fed owes us nothing |
| 02:25 |
mjr_ |
you cannot redeem a dollar for anything |
| 02:26 |
mjr_ |
it cannot be a debt |
| 02:26 |
mjr_ |
since the fundamental core concept of a debt is that it can be "redeemed" |
| 02:26 |
cerelenius |
go and look at the fed balance sheet |
| 02:26 |
cerelenius |
every single dollar is a liability |
| 02:26 |
cerelenius |
backed by equal assets |
| 02:26 |
mjr_ |
and... |
| 02:26 |
cerelenius |
thats what gives them value |
| 02:26 |
davout |
"assets" |
| 02:26 |
mjr_ |
that is what you would call "accounting" |
| 02:26 |
cerelenius |
think about this |
| 02:26 |
Vexual |
you aint the fed bro |
| 02:26 |
cerelenius |
total debt + interest |
| 02:26 |
mjr_ |
davout: exactly "assets" |
| 02:26 |
cerelenius |
always exceeds available dollars |
| 02:27 |
mjr_ |
ugh |
| 02:27 |
cerelenius |
thats why there is always a BID for dollars |
| 02:27 |
cerelenius |
someone constantly needs them to repay a debt |
| 02:27 |
mjr_ |
yes i know all this, and it doesn't change the fundamental everyday reality |
| 02:27 |
mjr_ |
not if you don't owe anything |
| 02:27 |
cerelenius |
you are clueless |
| 02:27 |
mjr_ |
what if no one owed anybody anything? |
| 02:27 |
cerelenius |
paper dollars are liability of the fed |
| 02:27 |
mjr_ |
i am trying to talk about the BASIC definitions |
| 02:27 |
cerelenius |
mjr then there would be no money |
| 02:27 |
davout |
mjr_: leave britney alone man |
| 02:27 |
mjr_ |
since you don't seemm to understand |
| 02:27 |
MisterE |
are we at the bottom yet? |
| 02:27 |
cerelenius |
if there was no debt there would be no dollars in this system |
| 02:27 |
mjr_ |
yes there would be |
| 02:28 |
cerelenius |
no there wouldnt be. |
| 02:28 |
davout |
mjr_: it all makes sense in his system because the juice run the fed or w/e |
| 02:28 |
mjr_ |
are you saying it is physically impossible to print a dollar bill without the fed? |
| 02:28 |
MisterE |
why is this happenening, CEP resigning from BTC.org? |
| 02:28 |
assbot |
[MPEX] [S.MPOE] 17550 @ 0.00088225 = 15.4835 BTC [+] |
| 02:28 |
MisterE |
CEO* |
| 02:28 |
mjr_ |
just so you know |
| 02:28 |
cerelenius |
mjr: every single dollar printed MUST be backed by an asset. |
| 02:28 |
mjr_ |
the treasury actually creates the dollars, at least m0 |
| 02:28 |
cerelenius |
they do not print unbacked |
| 02:28 |
mjr_ |
lol |
| 02:28 |
mjr_ |
whatever you say bud |
| 02:28 |
MisterE |
lololol |
| 02:28 |
davout |
"assets" |
| 02:28 |
mjr_ |
yes[ |
| 02:28 |
Vexual |
yeah and gox has coins, tell us something good |
| 02:28 |
cerelenius |
the treasury runs the printing press at the behest of the fed |
| 02:28 |
mjr_ |
fully backed of course |
| 02:28 |
MisterE |
what planet do you come from? |
| 02:28 |
MisterE |
they print $ by adding zeros to a number on a computer |
| 02:29 |
mjr_ |
this is why you are silly |
| 02:29 |
davout |
#bitcoin-derp apparently |
| 02:29 |
MisterE |
lol |
| 02:29 |
mjr_ |
to say that the fed has "assets" backing their dollars |
| 02:29 |
assbot |
[HAVELOCK] [NEOBEE] 99 @ 0.00520959 = 0.5157 BTC [-] {2} |
| 02:29 |
Vexual |
graph it cerelenius |
| 02:29 |
MisterE |
yea it's called a stack of IOUs davout |
| 02:29 |
mjr_ |
you are mixing up accounting terminology with real life |
| 02:29 |
cerelenius |
graph what its on the fed website |
| 02:29 |
mjr_ |
that is the key |
| 02:29 |
cerelenius |
mjr you are clueless pal |
| 02:29 |
mjr_ |
a debt is a "receivable" which is an asset |
| 02:29 |
MisterE |
and tell us why they no longer publish M3? |
| 02:29 |
MisterE |
just research M3 |
| 02:30 |
mjr_ |
or rather...i should say that in our accounting system, a receivable is listed as an asset |
| 02:30 |
MisterE |
^ which is a mistake |
| 02:30 |
mjr_ |
in the human made scheme that conforms to GAAP |
| 02:30 |
cerelenius |
US federal reserve notes are liabilities |
| 02:30 |
MisterE |
imho |
| 02:30 |
mjr_ |
no they are not |
| 02:30 |
cerelenius |
for the federal reserve |
| 02:30 |
cerelenius |
yes they are |
| 02:30 |
mjr_ |
no... |
| 02:30 |
mjr_ |
watch this |
| 02:30 |
cerelenius |
https://lh3.ggpht.com/-XwC13k12gNI/ThuQGGC8d8I/AAAAAAAAGFU/oqFXVt8wTyY/s1600/Federal+Reserve+Assets+and+Capital.png |
| 02:30 |
mjr_ |
i give you $5 |
| 02:30 |
cerelenius |
where did the 5 come from? |
| 02:30 |
mjr_ |
i put in a book, " cerelenius owes me $5" |
| 02:30 |
cerelenius |
it has to be borrowed into existence |
| 02:30 |
mjr_ |
that entry in the book is an asset |
| 02:31 |
mjr_ |
no it doesn't |
| 02:31 |
Vexual |
months or drug abuse before personality disorder appeared? |
| 02:31 |
mjr_ |
there is no rule anywhere that says it does |
| 02:31 |
mjr_ |
for example |
| 02:31 |
mjr_ |
susan b anthonys |
| 02:31 |
mjr_ |
are dollars |
| 02:31 |
cerelenius |
http://www.federalreserve.gov/newsevents/speech/bernanke20091008slide6.gif |
| 02:31 |
cerelenius |
dude shut up |
| 02:31 |
mjr_ |
and are not made by the fed |
| 02:31 |
cerelenius |
its on the fed site |
| 02:31 |
cerelenius |
all US FRN are fed reserve liabilities |
| 02:31 |
mjr_ |
explain coins |
| 02:31 |
mjr_ |
not coins |
| 02:31 |
mjr_ |
they don't issue them |
| 02:31 |
mjr_ |
so... |
| 02:31 |
mjr_ |
what "debt" backs those? |
| 02:31 |
cerelenius |
i told you |
| 02:31 |
cerelenius |
US gov bonds |
| 02:32 |
mjr_ |
i think that you are missing the forest for the trees |
| 02:32 |
cerelenius |
everytime new FRNs are to be printed, there has to be a posted asset |
| 02:32 |
mjr_ |
sure its fun to talk about retarded shit like this |
| 02:32 |
cerelenius |
i think you are oblivious |
| 02:32 |
mjr_ |
but in the real world, in your real life |
| 02:32 |
MisterE |
dudes we're debt backing debt insured by debt |
| 02:32 |
mjr_ |
you don't redeem them |
| 02:32 |
mjr_ |
you trade them |
| 02:32 |
mjr_ |
as tokens |
| 02:32 |
Apocalyptic |
<MisterE> dudes we're debt backing debt insured by debt // genius... |
| 02:32 |
cerelenius |
http://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm |
| 02:32 |
cerelenius |
go educate yourself |
| 02:32 |
mjr_ |
i don't care what they write on paper |
| 02:32 |
mjr_ |
are you silly? |
| 02:32 |
MisterE |
thanks Apocalyptic :) |
| 02:33 |
mjr_ |
oh, the fed says that they should print more money |
| 02:33 |
cerelenius |
every single dollar in existence must be lent into existence |
| 02:33 |
mjr_ |
well its true the fed said it |
| 02:33 |
mjr_ |
no |
| 02:33 |
MisterE |
now tell me where the bottom is :) |
| 02:33 |
mjr_ |
that is def not true |
| 02:33 |
cerelenius |
the fed doesnt print money they lend it |
| 02:33 |
cerelenius |
you need a borrower on the other end |
| 02:33 |
mjr_ |
yes |
| 02:33 |
mjr_ |
but they don't create it |
| 02:33 |
Apocalyptic |
MisterE, why would I do that exactly ? |
| 02:33 |
cerelenius |
the private sector stopped borrowing in 2007 |
| 02:33 |
mjr_ |
the treasury does |
| 02:33 |
cerelenius |
so the government took up the slack |
| 02:33 |
MisterE |
so I can get all the BTC for myself! |
| 02:34 |
cerelenius |
the fed flooded the system with credit but there were no takers for it, hence the huge reserve balances banks now hold |
| 02:34 |
Apocalyptic |
see, that's a problem |
| 02:34 |
MisterE |
because you have a lot already Apocalyptic ? |
| 02:34 |
cerelenius |
the only taker has been the government |
| 02:34 |
Apocalyptic |
I want some too |
| 02:34 |
MisterE |
hehe, let's conspire |
| 02:34 |
cerelenius |
private sector is borrowing for stuff like student loans etc |
| 02:34 |
cerelenius |
nothing else |
| 02:34 |
Vexual |
what? |
| 02:34 |
Vexual |
you're bent |
| 02:34 |
MisterE |
poor cerelenius and the rest of the sheep who still have faitin in the financial house of cards |
| 02:34 |
cerelenius |
hyperinflation under such a system is next to impossible, you can have hyperdeflation instead |
| 02:35 |
assbot |
Last 1 lines bashed and pending review. (http://dpaste.com/1656677/plain/) |
| 02:35 |
davout |
!b 1 |
| 02:35 |
cerelenius |
mistere: before the USD collapses youll have hyperdeflation |
| 02:35 |
cerelenius |
like we saw in 08 |
| 02:35 |
MisterE |
cerelenius: either way it won't bother me |
| 02:35 |
MisterE |
I'm in commodities |
| 02:35 |
cerelenius |
LOL those will collapse |
| 02:35 |
MisterE |
no thats shit people actually need |
| 02:35 |
MisterE |
to use |
| 02:35 |
cerelenius |
commodities collapsed 80% in 2008 |
| 02:35 |
MisterE |
2008 was an aberration |
| 02:36 |
cerelenius |
under credit collapse ie deflation, demand collapses |
| 02:36 |
MisterE |
and if it crashes that hard we're all fucked so it's AK-47 time |
| 02:36 |
cerelenius |
2008 was a shot across the bow, a warning of the future |
| 02:36 |
cerelenius |
and it was not an inflationary collapse |
| 02:36 |
MisterE |
I agree 2008 was a warning |
| 02:36 |
mjr_ |
just so you know |
| 02:36 |
MisterE |
and we're trying to spend our way out of it |
| 02:36 |
mjr_ |
the treasury doesn't just give the money to the fed |
| 02:36 |
mjr_ |
the fed pays for it |
| 02:36 |
MisterE |
^ |
| 02:36 |
mjr_ |
which...how can they pay for something which they created? |
| 02:37 |
cerelenius |
the fed doesnt order much federal reserve notes |
| 02:37 |
cerelenius |
theres very little federal reserve notes |
| 02:37 |
mjr_ |
you said "every dollar is a debt, it can only be created through debt" |
| 02:37 |
cerelenius |
its all bank credit |
| 02:37 |
mjr_ |
thats nice |
| 02:37 |
assbot |
[HAVELOCK] [B.MINE] 10 @ 0.06089999 = 0.609 BTC [+] |
| 02:37 |
cerelenius |
yes theres 2 ways to create dollars |
| 02:37 |
mjr_ |
you said dollars couldn't exist without debt |
| 02:37 |
cerelenius |
commercial banks |
| 02:37 |
mjr_ |
i just proved you wrong |
| 02:37 |
cerelenius |
and fed |
| 02:37 |
mjr_ |
so... |
| 02:37 |
cerelenius |
BOTH do it via lending |
| 02:37 |
mjr_ |
nope |
| 02:37 |
cerelenius |
mjr lol no you didnt |
| 02:37 |
mjr_ |
fed buys |
| 02:37 |
mjr_ |
not creates by lending |
| 02:37 |
MisterE |
where you think the money for QE is coming from? |
| 02:37 |
cerelenius |
when the federal reserve orders dollars in physical format |
| 02:38 |
mjr_ |
they pay for them |
| 02:38 |
MisterE |
they dont |
| 02:38 |
cerelenius |
they require an asset posted to them |
| 02:38 |
mjr_ |
they def do |
| 02:38 |
MisterE |
nobody uses physical at that level |
| 02:38 |
cerelenius |
they do not print blindly lol |
| 02:38 |
cerelenius |
misterE yes exactly |
| 02:38 |
mjr_ |
they pay all costs to manufacture or mint |
| 02:38 |
MisterE |
the discount window is all 0s and 1s |
| 02:38 |
cerelenius |
its all bank credit |
| 02:38 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.061 = 0.122 BTC [+] |
| 02:38 |
mjr_ |
thats nice |
| 02:38 |
mjr_ |
but there are dollars not created via debt |
| 02:38 |
mjr_ |
basically |
| 02:38 |
cerelenius |
every single dollar in existence is backed by debt |
| 02:38 |
mjr_ |
which was my point |
| 02:38 |
mjr_ |
no its not |
| 02:38 |
mjr_ |
a printed dollar |
| 02:38 |
cerelenius |
mjr the physical dollars are backed by fed assets(debt) |
| 02:38 |
mjr_ |
bought by the fed |
| 02:38 |
mjr_ |
is not a debt |
| 02:38 |
mjr_ |
no...it is not |
| 02:39 |
cerelenius |
they only buy printed dollars when a bank rqurests them |
| 02:39 |
cerelenius |
and they have to post an asset to back it |
| 02:39 |
cerelenius |
like if you want 100bil of printed dollars you have to post 100bil of tier 1 capital assets to the fed |
| 02:39 |
cerelenius |
THEN they make the order |
| 02:39 |
cerelenius |
its always zero sum |
| 02:39 |
mjr_ |
ok |
| 02:39 |
mjr_ |
sure |
| 02:39 |
assbot |
[MPEX] [S.MPOE] 22850 @ 0.00088221 = 20.1585 BTC [-] |
| 02:39 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00539863 = 0.5399 BTC [+] {4} |
| 02:39 |
MisterE |
are you saying the sum total of assets denominated in USD is less than the sum total of USD denominated debt? |
| 02:39 |
mjr_ |
so you are saying that we have a fully backed currency |
| 02:39 |
cerelenius |
mjr i already told you look at the fed balance sheet its painfully obvious |
| 02:39 |
cerelenius |
mjr: yes by debt. |
| 02:39 |
mjr_ |
i don't care |
| 02:39 |
mjr_ |
go look at gox's balance sheet |
| 02:40 |
cerelenius |
misterE: yes. |
| 02:40 |
mjr_ |
it is a piece of paper made by people |
| 02:40 |
mjr_ |
not like handed down by moses |
| 02:40 |
mjr_ |
you do know that right |
| 02:40 |
MisterE |
it's all about trust |
| 02:40 |
cerelenius |
misterE: total debt+ interest always exceeds available dollars |
| 02:40 |
MisterE |
nothing matters but trust |
| 02:40 |
mjr_ |
yes obviously |
| 02:40 |
cerelenius |
thats why the fed needs QE |
| 02:40 |
mjr_ |
this is all obvious |
| 02:40 |
assbot |
[HAVELOCK] [NEOBEE] 85 @ 0.0053995 = 0.459 BTC [+] |
| 02:40 |
mjr_ |
but all irrelevant |
| 02:40 |
mjr_ |
boviously |
| 02:40 |
cerelenius |
new dollars must constantly be created to pay off old debts |
| 02:40 |
mjr_ |
i told you that if i gave you $5, your debt is my asset |
| 02:40 |
Vexual |
this is like nubbins music |
| 02:40 |
cerelenius |
because we dont have money in the traditional sense |
| 02:40 |
mjr_ |
no they don't |
| 02:40 |
mjr_ |
that is not true |
| 02:40 |
cerelenius |
yes it is. |
| 02:40 |
mjr_ |
and obviously not true |
| 02:40 |
mjr_ |
ok |
| 02:41 |
mjr_ |
here is the most trivial example |
| 02:41 |
mjr_ |
there is 100 dollars total |
| 02:41 |
MisterE |
sorry but he's starting to make sense |
| 02:41 |
mjr_ |
i lend it to you |
| 02:41 |
cerelenius |
http://research.stlouisfed.org/fred2/series/TCMDO |
| 02:41 |
ozbot |
All Sectors; Credit Market Instruments; Liability, Level (TCMDO) - FRED - St. Louis Fed |
| 02:41 |
cerelenius |
look |
| 02:41 |
mjr_ |
you work for 100 a hour |
| 02:41 |
cerelenius |
this has to go up FOREVER |
| 02:41 |
cerelenius |
or else the system implodes |
| 02:41 |
mjr_ |
after one hour your debt is paid |
| 02:41 |
cerelenius |
see how it dipped in 2008? |
| 02:41 |
MisterE |
we're not even talking about personal liabilities yet |
| 02:41 |
mjr_ |
sorry just not true |
| 02:41 |
MisterE |
most people are mortgaged to 10x their 10 year net worth |
| 02:41 |
mjr_ |
if you had to pay the debt NOW then it would be impossible without creating more |
| 02:41 |
cerelenius |
look at that 08 dip and it nearly blew out the entire system |
| 02:41 |
mjr_ |
but debts have the interesting factor of time |
| 02:42 |
Vexual |
cerelenius, you're a two toned fuckstick |
| 02:42 |
mjr_ |
meaining velocity of money |
| 02:42 |
mjr_ |
can handle interest |
| 02:42 |
cerelenius |
MisterE: i hope im making sense to you because mjr is on a different planet. |
| 02:42 |
mjr_ |
in other words, 100 can circulate to pay 100,000 worth of needs |
| 02:42 |
mjr_ |
lol |
| 02:42 |
mjr_ |
this is so basic |
| 02:42 |
MisterE |
you both are on differerent planets lol |
| 02:42 |
mjr_ |
i don't even understand your point |
| 02:42 |
mjr_ |
sure, money is created via debt |
| 02:42 |
MisterE |
I'm just running back and forth in The Enterprise |
| 02:42 |
mjr_ |
who cares |
| 02:43 |
cerelenius |
mjr go back to buttonwood meetings with your btc lol |
| 02:43 |
mjr_ |
why does that matter at all |
| 02:43 |
cerelenius |
you are clueless |
| 02:43 |
mjr_ |
ok...what was your point again? |
| 02:43 |
Vexual |
you're pointless |
| 02:43 |
cerelenius |
the end game is hyper deflation on a scale not scene in 500 years |
| 02:43 |
mjr_ |
lol |
| 02:43 |
mjr_ |
whatever |
| 02:43 |
cerelenius |
its not going to be hyperinflation |
| 02:43 |
mjr_ |
sounds fun |
| 02:43 |
mjr_ |
but i meant in our lives |
| 02:43 |
mjr_ |
what is your point |
| 02:43 |
MisterE |
no matter how it ends we all lose |
| 02:43 |
mjr_ |
you can create money using debt and NOT hyperinflate |
| 02:43 |
mjr_ |
or you can hyperinflate |
| 02:43 |
MisterE |
the soviet union was far better prepared for a crash than the US is |
| 02:43 |
mjr_ |
the creation method is irrelevant |
| 02:44 |
cerelenius |
when credit is first created its inflationary for the rest of its life its deflationary |
| 02:44 |
MisterE |
everything was already state owned |
| 02:44 |
mjr_ |
i seriously don't see why you are talking about this, so maybe i missed your main point? |
| 02:44 |
mjr_ |
dollars are USED as tokens |
| 02:44 |
cerelenius |
my point is all bitcoin will do |
| 02:44 |
MisterE |
mjr_: you don't think the current syetm is sustainable do you? |
| 02:44 |
mjr_ |
in our USE of them they have nothing to do with debt |
| 02:44 |
cerelenius |
is make a tiny tiny % |
| 02:44 |
cerelenius |
sure it does mjr |
| 02:44 |
mjr_ |
ok, i buy a sandwhich |
| 02:45 |
cerelenius |
someone is constantly in need of dollars to pay debt |
| 02:45 |
cerelenius |
its ALL debt related |
| 02:45 |
mjr_ |
the price is set on the open market |
| 02:45 |
mjr_ |
it isn't |
| 02:45 |
mjr_ |
and that is where your point gets stupid |
| 02:45 |
MisterE |
it's justmore currency |
| 02:45 |
mjr_ |
i think |
| 02:45 |
cerelenius |
thats how credit currencies have a bid |
| 02:45 |
cerelenius |
its not becuase the government says so lol. |
| 02:45 |
Vexual |
;;lasers |
| 02:45 |
gribble |
┌━ ┄ ┄ ┄ ┄ ┄ ┄ *pew!* *pew!* *pew!* |
| 02:45 |
cerelenius |
its becuase of debt. theres always a shortage of dollars |
| 02:45 |
mjr_ |
again, irrelelevant point |
| 02:45 |
cerelenius |
debt is denominated in dollars so you need them |
| 02:45 |
mjr_ |
there is no shortage of dollars |
| 02:45 |
mjr_ |
if you owe someone sure |
| 02:45 |
cerelenius |
there always is |
| 02:45 |
mjr_ |
i don't |
| 02:45 |
cerelenius |
thats why everyone is broke |
| 02:45 |
MisterE |
BTC is different because the community decides on value without government influence |
| 02:45 |
mjr_ |
so i don't see why |
| 02:46 |
mjr_ |
same as dollars |
| 02:46 |
cerelenius |
misterE: btc is a commodity |
| 02:46 |
mjr_ |
if you were to sell your car |
| 02:46 |
cerelenius |
virtual commodity |
| 02:46 |
Vexual |
youre broke, you can't afford to make a graph |
| 02:46 |
mjr_ |
how many dollars do you HAVE to accept |
| 02:46 |
cerelenius |
mjr: all dollars exist via debt. do you understand this concept |
| 02:46 |
mjr_ |
none, you can pick whatever number you want |
| 02:46 |
Vexual |
wankhole |
| 02:46 |
mjr_ |
yes |
| 02:46 |
mjr_ |
so who cares |
| 02:46 |
assbot |
[HAVELOCK] [NEOBEE] 371 @ 0.00539919 = 2.0031 BTC [-] {5} |
| 02:46 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.11 BTC [+] |
| 02:46 |
assbot |
[HAVELOCK] [AM1] 4 @ 0.47 = 1.88 BTC [-] {3} |
| 02:46 |
mjr_ |
that is irrelevant |
| 02:46 |
mjr_ |
for me selling my car |
| 02:46 |
cerelenius |
total debt + interest surpasses all available dollars at a given time |
| 02:46 |
cerelenius |
meaning there is a shortage of dollars |
| 02:46 |
mjr_ |
again who cares |
| 02:46 |
mjr_ |
as long as i have some, who cares |
| 02:46 |
cerelenius |
thats why they have value |
| 02:46 |
cerelenius |
scarcity |
| 02:46 |
mjr_ |
no |
| 02:47 |
MisterE |
eventually tha check comes due |
| 02:47 |
mjr_ |
they have "value" because someone is willing to take them |
| 02:47 |
cerelenius |
yes misterE |
| 02:47 |
MisterE |
you can blow up bubbles in the mean time |
| 02:47 |
cerelenius |
perpetual debt is impossible |
| 02:47 |
MisterE |
like the S&Ls |
| 02:47 |
MisterE |
and big bangks |
| 02:47 |
mjr_ |
look...lets say i owe 50 dollars |
| 02:47 |
cerelenius |
because everything in nature has a beginning and an end |
| 02:47 |
Vexual |
i al comes out in the wash |
| 02:47 |
MisterE |
even GM |
| 02:47 |
cerelenius |
compound interest has no end |
| 02:47 |
cerelenius |
compound debt* |
| 02:47 |
mjr_ |
and you "forgive" that debt if i do you a favotr |
| 02:47 |
cerelenius |
mjr banks cant forgive debt lol |
| 02:47 |
cerelenius |
theyd be insolvent |
| 02:47 |
mjr_ |
they can |
| 02:47 |
cerelenius |
no they cant |
| 02:47 |
mjr_ |
and they do |
| 02:47 |
mjr_ |
yes they can |
| 02:47 |
MisterE |
in the end we'll knock 4 or 6 zeroes off of the end and it will be business as usual :p |
| 02:47 |
mjr_ |
do you not live in real life |
| 02:48 |
MisterE |
they do |
| 02:48 |
cerelenius |
a bank can take loses on max 1-2% of total debt |
| 02:48 |
mjr_ |
do you not use your eyes? |
| 02:48 |
MisterE |
they get tax credit |
| 02:48 |
mjr_ |
ok... |
| 02:48 |
cerelenius |
in the united states about 2.5% of mortgage holders defaulted |
| 02:48 |
mjr_ |
so they CAN forgive it |
| 02:48 |
cerelenius |
and that caused the system to be insolvent |
| 02:48 |
cerelenius |
no they cant. |
| 02:48 |
Vexual |
4 mental patients walk into a bar |
| 02:48 |
mjr_ |
this is all irrelevant |
| 02:48 |
mjr_ |
who cares |
| 02:48 |
MisterE |
banks claim writeoffs for written down debt |
| 02:48 |
assbot |
[MPEX] [S.MPOE] 3550 @ 0.00088225 = 3.132 BTC [+] |
| 02:48 |
cerelenius |
misterE; they can only write down a tiny % of it before they are insolvent. |
| 02:48 |
mjr_ |
exactly |
| 02:48 |
mjr_ |
there are accounting rules for doing exactly that |
| 02:48 |
mjr_ |
allowance for bad accounts |
| 02:48 |
Vexual |
ill have the beef |
| 02:49 |
cerelenius |
lol yea 2008 was accounting rules |
| 02:49 |
cerelenius |
mjr go back to school |
| 02:49 |
mjr_ |
what is your point |
| 02:49 |
mjr_ |
they CAN and DO forgive debts |
| 02:49 |
MisterE |
right |
| 02:49 |
mjr_ |
which is what i said |
| 02:49 |
MisterE |
since reserve requirements are a pittance |
| 02:49 |
cerelenius |
2008 bank liabilities exceeded assets |
| 02:49 |
mjr_ |
you said they CAN'T and DON'T |
| 02:49 |
cerelenius |
there are no reserve requirements |
| 02:49 |
cerelenius |
there havent been for 30 years |
| 02:49 |
mjr_ |
wow you are dumb |
| 02:49 |
mjr_ |
if you were selling your car...how would this matter to you? |
| 02:49 |
MisterE |
yea there is |
| 02:49 |
cerelenius |
"reserve" means a tier 1 asset which is a US government bond |
| 02:49 |
mjr_ |
which is payable in... |
| 02:49 |
mjr_ |
dollars |
| 02:49 |
cerelenius |
misterE lol no there isnt, the fed hasnt set reserve requirements since the 80's |
| 02:49 |
mjr_ |
so it is a big circle jerk |
| 02:50 |
MisterE |
currency reserves |
| 02:50 |
MisterE |
10% |
| 02:50 |
cerelenius |
mjr: yes its a form of check kiting |
| 02:50 |
mjr_ |
nice |
| 02:50 |
mjr_ |
i don't care |
| 02:50 |
mjr_ |
i really really don't care |
| 02:50 |
cerelenius |
misterE; LOL not a single bank in the US or europe has 10% currency reserves |
| 02:50 |
KRS-One |
sup mjr_ |
| 02:50 |
mjr_ |
what up KRS-One |
| 02:50 |
cerelenius |
they have closer to 0.5% |
| 02:50 |
KRS-One |
shorting this bitch =D |
| 02:50 |
mjr_ |
hows it been |
| 02:50 |
mjr_ |
me too |
| 02:50 |
mjr_ |
up a bit |
| 02:50 |
KRS-One |
haha |
| 02:50 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.11996645 BTC [-] |
| 02:50 |
cerelenius |
mjr you will always be poor |
| 02:50 |
mjr_ |
i hate people who are not pragmatic |
| 02:50 |
MisterE |
I think we have seen the bottom today boys |
| 02:51 |
mjr_ |
you haven't answered how empiracally this would be any different when trying to sell a car |
| 02:51 |
Vexual |
cerelenius, where can i sinect in your kak? |
| 02:51 |
mjr_ |
or buy a sandwich |
| 02:51 |
mjr_ |
i want either A) a certain amount of bitocoin, or B) a certain number of dollars |
| 02:51 |
mjr_ |
identical |
| 02:51 |
cerelenius |
the smartest guy in here is the one with the largest stage that inflates in value when all the dumbasses do work |
| 02:51 |
cerelenius |
mircea popescu |
| 02:51 |
cerelenius |
he knows the game |
| 02:51 |
Vexual |
yes, hes very handsome, but thats not all |
| 02:51 |
mjr_ |
lol |
| 02:52 |
cerelenius |
mjr your a tool. |
| 02:52 |
KRS-One |
haha |
| 02:52 |
cerelenius |
and youll always be one |
| 02:52 |
mjr_ |
thats nice |
| 02:52 |
mjr_ |
you have fun with your theories |
| 02:52 |
mjr_ |
i'll keep living in the real world |
| 02:52 |
cerelenius |
you think running around buttonwood trees with your iphone and 0.001btc matters |
| 02:52 |
mjr_ |
glad i don't have to share it with you |
| 02:52 |
mjr_ |
well...unlike gox we have never been hacked |
| 02:52 |
mjr_ |
and i dont even know who you are |
| 02:52 |
cerelenius |
you need something to take first |
| 02:52 |
mjr_ |
but i guess you know who i am |
| 02:52 |
cerelenius |
before you can be hacked |
| 02:53 |
mjr_ |
i've never seen you around here before |
| 02:53 |
Vexual |
ill take your moms xanax |
| 02:53 |
cerelenius |
mjr arent you that buttonwood guy? |
| 02:53 |
mjr_ |
and you obviously aren't smart enough to be a part of the convo |
| 02:53 |
mjr_ |
yep |
| 02:53 |
mjr_ |
like i said you know who i am |
| 02:53 |
cerelenius |
what convo lol everyone in here is clueless except 1-2 guys |
| 02:53 |
mjr_ |
satoshi square, blah blah blah |
| 02:53 |
cerelenius |
mjr: i come in here once in awhile to break mirceas balls |
| 02:53 |
mjr_ |
like i said |
| 02:53 |
mjr_ |
you are mixing up primatry market with secondary market |
| 02:54 |
mjr_ |
i could give two shits about how tokens are created |
| 02:54 |
cerelenius |
go back to school |
| 02:54 |
mjr_ |
its what you do after that that matters |
| 02:54 |
mjr_ |
you treat it like a "debt" and you will never be repayed |
| 02:54 |
mjr_ |
i could care less |
| 02:54 |
cerelenius |
it cant be repayed |
| 02:54 |
mjr_ |
i treat it like a token |
| 02:54 |
cerelenius |
i already explained why lol |
| 02:54 |
MisterE |
not when the creator given them with a promise to pay back |
| 02:54 |
mjr_ |
and it works like a token |
| 02:54 |
cerelenius |
exactly misterE |
| 02:54 |
cerelenius |
gold was what paid debts off in the past |
| 02:54 |
mjr_ |
i could care less what the creator said or wants to do |
| 02:55 |
Vexual |
its not xanax |
| 02:55 |
cerelenius |
gold was VITAL |
| 02:55 |
mjr_ |
if i want a sandwich, i ask how many dollars |
| 02:55 |
MisterE |
it's over only a matter of time |
| 02:55 |
cerelenius |
they replace gold with the US government bond |
| 02:55 |
mjr_ |
and give them that many if it is important |
| 02:55 |
KRS-One |
cerelenius: looks like it didnt break resistance, maybe we will indeed see a new low now |
| 02:55 |
cerelenius |
KRS-One: i dont think we take out the late december lows |
| 02:55 |
mjr_ |
again, completely irrelevant |
| 02:55 |
cerelenius |
380 |
| 02:55 |
MisterE |
soon as oil is denominated in another currency the jug will be up |
| 02:55 |
assbot |
[HAVELOCK] [AM1] 8 @ 0.462995 = 3.704 BTC [-] {2} |
| 02:55 |
MisterE |
oil is all USD got left |
| 02:56 |
KRS-One |
hmm right |
| 02:56 |
cerelenius |
misterE: as bad as the USD is it will be the last currency to collapse |
| 02:56 |
mjr_ |
true |
| 02:56 |
mjr_ |
but that is where i think you get ridiculous |
| 02:56 |
mjr_ |
like, if no more dollars are used |
| 02:56 |
cerelenius |
KRS-One: despite all this shitty news and bad atmosphere we havent even exceeded late december lows |
| 02:56 |
MisterE |
yea people cant diversify |
| 02:56 |
mjr_ |
we will never be able to obtain things |
| 02:56 |
mjr_ |
like, guess commerce is done? |
| 02:56 |
mjr_ |
we just find other tokens |
| 02:56 |
KRS-One |
cerelenius so i'm thinking lower |
| 02:56 |
mjr_ |
and they work pretty much the same |
| 02:56 |
cerelenius |
well yea it freezes up for a short term. |
| 02:57 |
jurov |
alternatively, we can just go into prolonged slump, that will end when we diversify away from oil |
| 02:57 |
cerelenius |
mjr: lol its not the end of the world |
| 02:57 |
mjr_ |
i know its not |
| 02:57 |
mjr_ |
my point is it's irrelevant |
| 02:57 |
mjr_ |
to what people do |
| 02:57 |
mjr_ |
and will continue to do |
| 02:57 |
MisterE |
jurov: I wish, what I really wish is we would pay the real cost for the oil |
| 02:57 |
cerelenius |
mjr: these types of collapses have been occuring every since capitalism was introduced, just the scale of them has been getting progressively wrose |
| 02:57 |
cerelenius |
worse |
| 02:57 |
mjr_ |
treat it as debt if you like |
| 02:57 |
assbot |
[HAVELOCK] [PETA] 6 @ 0.11064728 = 0.6639 BTC [-] {2} |
| 02:57 |
mjr_ |
i really don't care |
| 02:57 |
mjr_ |
again i don't care |
| 02:58 |
cerelenius |
you will when your bank account is not accessible |
| 02:58 |
cerelenius |
im sure your bitcoins will save you then |
| 02:58 |
MisterE |
yea the size of the bubbles are bigger and bigger |
| 02:58 |
mjr_ |
if you hold dollars i guess |
| 02:58 |
mjr_ |
i don't care |
| 02:58 |
MisterE |
now we're inflating countries like Ireland and Greece |
| 02:58 |
cerelenius |
paper dollars will be the only thing that have value under that scenario |
| 02:58 |
cerelenius |
PAPER |
| 02:58 |
mjr_ |
cool...what do we use at satoshi square again? |
| 02:58 |
cerelenius |
not electronic |
| 02:58 |
mjr_ |
oh thats right |
| 02:58 |
mjr_ |
paper money |
| 02:58 |
MisterE |
maybe they will keep you warm if you stuff them inside your clothes |
| 02:58 |
mjr_ |
and bitcoin |
| 02:58 |
assbot |
[HAVELOCK] [NEOBEE] 97 @ 0.0053975 = 0.5236 BTC [-] {3} |
| 02:58 |
mjr_ |
cuz that is tokens |
| 02:58 |
mjr_ |
which don't rely on shit from anyone |
| 02:58 |
mjr_ |
which is why i use them |
| 02:58 |
cerelenius |
well bitcoin is completely different then the dollar |
| 02:58 |
cerelenius |
its not a liability |
| 02:58 |
mjr_ |
cuz its maybe too fucking obvious |
| 02:59 |
mjr_ |
oh, so i can't buy stuff with it |
| 02:59 |
mjr_ |
i can't give it to people |
| 02:59 |
mjr_ |
i can't be paid for my time |
| 02:59 |
cerelenius |
the problem with bitcoin is saleability |
| 02:59 |
mjr_ |
in what way |
| 02:59 |
cerelenius |
it has none |
| 02:59 |
mjr_ |
is it different |
| 02:59 |
cerelenius |
hence why it moves 40% in a day. |
| 02:59 |
mjr_ |
i just sold today |
| 02:59 |
mjr_ |
so it can be sold |
| 02:59 |
cerelenius |
yes but its extremely illiquid |
| 02:59 |
mjr_ |
i have empiraccally proven that |
| 02:59 |
mjr_ |
ok... |
| 02:59 |
assbot |
[HAVELOCK] [NEOBEE] 116 @ 0.00534929 = 0.6205 BTC [-] {4} |
| 02:59 |
mjr_ |
illiquid != can't be sold |
| 03:00 |
mjr_ |
so maybe you just don't get these fundamental points |
| 03:00 |
cerelenius |
well i like using saleability, the more btc you throw at the market what happens? |
| 03:00 |
mjr_ |
i sold some |
| 03:00 |
cerelenius |
it collapses |
| 03:00 |
mjr_ |
guess what happens |
| 03:00 |
mjr_ |
when i sell a lot of dollars for euros? |
| 03:00 |
cerelenius |
nothing |
| 03:00 |
Vexual |
http://www.youtube.com/watch?v=PVyS9JwtFoQ |
| 03:00 |
ozbot |
Pixies - Debaser (Official Video) - YouTube |
| 03:00 |
mjr_ |
yep |
| 03:00 |
cerelenius |
dollar has extreme saleability |
| 03:00 |
mjr_ |
fixed exchange rate |
| 03:00 |
mjr_ |
obviously no one trades forex |
| 03:00 |
mjr_ |
and forex risk doesn't exist |
| 03:00 |
mjr_ |
sorry, you are right |
| 03:00 |
cerelenius |
you need to sell hundreds of billions to move it 0.5% |
| 03:00 |
Apocalyptic |
what ? |
| 03:00 |
mjr_ |
i am silly |
| 03:00 |
mjr_ |
ok... |
| 03:00 |
mjr_ |
so you DO move the price |
| 03:00 |
Apocalyptic |
ofc you do |
| 03:00 |
cerelenius |
yes of course |
| 03:00 |
cerelenius |
slightly |
| 03:00 |
mjr_ |
i like how you agree with me every time |
| 03:01 |
cerelenius |
bitcoin you move the price with a tiny lot |
| 03:01 |
mjr_ |
ok |
| 03:01 |
cerelenius |
and the saleability decreases as you keep moving |
| 03:01 |
mjr_ |
difference of scale not kind |
| 03:01 |
mjr_ |
same with anything else |
| 03:01 |
cerelenius |
you can get rid of dollars at any time of the day |
| 03:01 |
cerelenius |
you can walk down the street and get rid of all of them |
| 03:01 |
mjr_ |
i can get rid of bitcoin at any time of day |
| 03:01 |
cerelenius |
thats called saleability |
| 03:01 |
mjr_ |
yes |
| 03:01 |
cerelenius |
no you cant lol |
| 03:01 |
mjr_ |
and you can do it with bitcoin |
| 03:01 |
cerelenius |
you need a willing bidder |
| 03:01 |
mjr_ |
ah |
| 03:01 |
mjr_ |
so if you hold euros in the us |
| 03:01 |
mjr_ |
are they "saleablae" |
| 03:01 |
Vexual |
youre projecting |
| 03:01 |
cerelenius |
dollar has near infinite bidders |
| 03:01 |
KRS-One |
ah shit i just posted this to -analysis http://i.imgur.com/Qsc61NR.gif |
| 03:01 |
mjr_ |
thas nice |
| 03:01 |
KRS-One |
isnt it |
| 03:01 |
cerelenius |
mjr you can walk down the street and sell your dollars for products |
| 03:02 |
mjr_ |
ok... |
| 03:02 |
mjr_ |
what is your point |
| 03:02 |
cerelenius |
thats saleability |
| 03:02 |
cerelenius |
why are you referencing the euro |
| 03:02 |
mjr_ |
i can walk down the street and buy products for bitocin |
| 03:02 |
cerelenius |
you never have to touch the euro to get rid of dollars |
| 03:02 |
mjr_ |
so i am missing something i guess |
| 03:02 |
cerelenius |
mjr LOL where? |
| 03:02 |
cerelenius |
shrems bar? |
| 03:02 |
mjr_ |
in panama |
| 03:02 |
cerelenius |
hotdogs? |
| 03:02 |
Vexual |
700k and a fresh passport |
| 03:02 |
cerelenius |
the price of them collapses if you start selling |
| 03:02 |
assbot |
[HAVELOCK] [PETA] 24 @ 0.11052505 = 2.6526 BTC [-] {6} |
| 03:03 |
jurov |
cerelenius: you'd have problems with paper dollars of higher denominations, too |
| 03:03 |
mjr_ |
terrae |
| 03:03 |
mjr_ |
my fave restaurant |
| 03:03 |
mjr_ |
thats where i am |
| 03:03 |
mjr_ |
btw |
| 03:03 |
mjr_ |
not nyc |
| 03:03 |
mjr_ |
but sure, there i could go to evr |
| 03:03 |
mjr_ |
or use bitcoin on foodler |
| 03:03 |
mjr_ |
or use gyft |
| 03:03 |
mjr_ |
same as the dollar yes |
| 03:03 |
mjr_ |
or antyhing else |
| 03:03 |
Vexual |
man who walk sideways through security always going to bang cock |
| 03:03 |
mjr_ |
anything when you sell enough, goes down in value |
| 03:03 |
jurov |
and don't let me start about credit cards |
| 03:03 |
cerelenius |
mjr the price starts collapsing |
| 03:03 |
mjr_ |
since it means demand has gotten smaller |
| 03:03 |
cerelenius |
the larger size you do |
| 03:03 |
mjr_ |
yes, just like it would with dollars |
| 03:03 |
cerelenius |
no it wont |
| 03:03 |
mjr_ |
or anything on earht |
| 03:03 |
cerelenius |
theres nobody on the planet |
| 03:03 |
cerelenius |
that can tank the dollar market |
| 03:03 |
mjr_ |
ok, say everyone in the world does not want dollars for oil |
| 03:04 |
mjr_ |
they won't accept dollars for oil |
| 03:04 |
cerelenius |
someone else will need them |
| 03:04 |
mjr_ |
no change to the dollars value? |
| 03:04 |
cerelenius |
to pay debt off. |
| 03:04 |
mjr_ |
no |
| 03:04 |
cerelenius |
nope |
| 03:04 |
MisterE |
freefalling |
| 03:04 |
mjr_ |
since debt can be denominated in anything |
| 03:04 |
mjr_ |
i can have a euro backed devt |
| 03:04 |
mjr_ |
or a yen backed debt |
| 03:04 |
cerelenius |
majority of debt is denominated in dollars |
| 03:04 |
MisterE |
when stamp hits 425 I'll buy |
| 03:04 |
mjr_ |
that is something called "competing currencies" you should look it up |
| 03:04 |
mjr_ |
thats nice |
| 03:04 |
MisterE |
oh will you 2 get a room already :p |
| 03:04 |
cerelenius |
misterE you missed your chance |
| 03:04 |
KRS-One |
MisterE: you wont want to do that |
| 03:04 |
KRS-One |
lower.. |
| 03:04 |
mjr_ |
you are saying "this is the way it HAS to be" and proving that "this is the way it IS" |
| 03:04 |
MisterE |
really? |
| 03:04 |
KRS-One |
i think |
| 03:05 |
MisterE |
too uch support at 400 |
| 03:05 |
mjr_ |
if no one wants dollars |
| 03:05 |
mjr_ |
the dollar is worthless |
| 03:05 |
cerelenius |
the bottom was in |
| 03:05 |
KRS-One |
recheck your analysis |
| 03:05 |
mjr_ |
if no one wants bitcoin, bitcoin is worthless |
| 03:05 |
mjr_ |
in other words |
| 03:05 |
MisterE |
if it breaks 400 it's a rout |
| 03:05 |
mjr_ |
the value is set by the supply and demand of the item in question |
| 03:05 |
cerelenius |
tripple bottom off the late december lows |
| 03:05 |
KRS-One |
cerelenius: there is over $11 million loaned out on long positions..they're going to get squeezed out |
| 03:05 |
mjr_ |
regardless of whether it was issued by a govt, mined on a blockchain, or came out of my ass |
| 03:05 |
MisterE |
I dont think traditional SA applies to CC charts |
| 03:06 |
mjr_ |
lol |
| 03:06 |
cerelenius |
KRS-One: what site |
| 03:06 |
KRS-One |
sry bitfinex |
| 03:06 |
mjr_ |
bitfinex of course |
| 03:06 |
mjr_ |
is there another site with lending? |
| 03:06 |
MisterE |
winkidex |
| 03:06 |
KRS-One |
i think btc.sx |
| 03:06 |
KRS-One |
10:1! |
| 03:06 |
KRS-One |
nuts huh |
| 03:06 |
mjr_ |
oh really |
| 03:06 |
mjr_ |
crazy |
| 03:06 |
mjr_ |
can you short 10:1 |
| 03:06 |
mjr_ |
? |
| 03:06 |
mjr_ |
:) |
| 03:06 |
MisterE |
that'll get you in trouble |
| 03:07 |
KRS-One |
yeah i wouldnt touch it though |
| 03:07 |
mjr_ |
me neither |
| 03:07 |
cerelenius |
doesnt it auto liquidate |
| 03:07 |
mjr_ |
the variance is too high |
| 03:07 |
mjr_ |
it would |
| 03:07 |
KRS-One |
no |
| 03:07 |
KRS-One |
it'll hodl |
| 03:07 |
mjr_ |
bitfinex does |
| 03:07 |
cerelenius |
what happens when your underwater then? |
| 03:07 |
mjr_ |
trims positions, no? |
| 03:07 |
cerelenius |
thats what i just asked |
| 03:07 |
Vexual |
cie |
| 03:07 |
KRS-One |
hmm check i could be wrong |
| 03:07 |
mjr_ |
i am betting they have some sort of autoliquidation |
| 03:07 |
cerelenius |
krs one you cant do 10:1 shorting with btc where are they borrowing them from |
| 03:08 |
cerelenius |
what 0.1 btc |
| 03:08 |
mjr_ |
there is no other way to avoid that scenario |
| 03:08 |
cerelenius |
you can only do btc in tiny sizes |
| 03:08 |
mjr_ |
i mean, you CAN do whatever you want |
| 03:08 |
cerelenius |
its too illiquid for anything else |
| 03:08 |
Vexual |
you have personality disorder |
| 03:08 |
cerelenius |
no you cant nobody will lend you 10x btc |
| 03:08 |
cerelenius |
theyd go bankrupt |
| 03:08 |
mjr_ |
sure they would |
| 03:08 |
KRS-One |
check for yourself |
| 03:08 |
cerelenius |
where? |
| 03:08 |
mjr_ |
you seem to use the word can and can't in strange ways |
| 03:08 |
cerelenius |
im talking about size |
| 03:09 |
cerelenius |
500btc 1000btc |
| 03:09 |
mjr_ |
that aren't the ways the rest of us use them |
| 03:09 |
cerelenius |
not 0.005 |
| 03:09 |
mjr_ |
yeah... |
| 03:09 |
Vexual |
big, all over |
| 03:09 |
mjr_ |
so, i can go bankrupt, right? |
| 03:09 |
mjr_ |
which means i can lend coins in whatever size i wanted |
| 03:09 |
cerelenius |
mjr someone giving you 10:1 leverage |
| 03:09 |
mjr_ |
i WOULDN'T |
| 03:09 |
cerelenius |
why not |
| 03:09 |
mjr_ |
that is different from CAN'T |
| 03:09 |
cerelenius |
becuase youd go bust dumbass |
| 03:09 |
mjr_ |
like i said variance is too high |
| 03:09 |
mjr_ |
peaks and troughs |
| 03:10 |
mjr_ |
i think that actually is why we disagree |
| 03:10 |
cerelenius |
your an idiot, bitcoins main issue is piss poor liquidity and overall tiny market |
| 03:10 |
mjr_ |
because you keep using the word HAS TO and CAN and CANNOT and IMPOSSIBLE |
| 03:10 |
Vexual |
you're begging for 50k |
| 03:10 |
mjr_ |
to things that i have seen happen |
| 03:10 |
mjr_ |
it cannot be impossible if i've seen it |
| 03:10 |
Vexual |
weird mother fucker |
| 03:10 |
mjr_ |
or else we just throw logic right out |
| 03:10 |
cerelenius |
listen pal, every credit instrument in bitcoin will bust out sooner then later |
| 03:10 |
mjr_ |
yeah |
| 03:10 |
cerelenius |
thats what happens under a deflationary system |
| 03:10 |
mjr_ |
have you heard of this thing called the pink sheets |
| 03:10 |
mjr_ |
its an otc market |
| 03:10 |
cerelenius |
your prof tell you that? |
| 03:10 |
mjr_ |
it also has poor liquidity |
| 03:11 |
mjr_ |
so that means equities will never work |
| 03:11 |
cerelenius |
yea its the junk market. |
| 03:11 |
mjr_ |
because otc markets are illiquid |
| 03:11 |
cerelenius |
lol 99% of the otc market is junk |
| 03:11 |
mjr_ |
ok |
| 03:11 |
mjr_ |
i don't care |
| 03:11 |
mjr_ |
you are saying that because of POOR exchanges |
| 03:11 |
mjr_ |
bitcoin MUST be illiquid |
| 03:11 |
cerelenius |
i didnt say why |
| 03:11 |
cerelenius |
im saying it is |
| 03:11 |
mjr_ |
there is no world in which bitcoin is not illiquid |
| 03:11 |
mjr_ |
i agree |
| 03:11 |
mjr_ |
but since i have the ability to picture other markets |
| 03:11 |
mjr_ |
which have matured |
| 03:12 |
mjr_ |
i can picture a market for bitcoin that is not ililquid |
| 03:12 |
mjr_ |
and that does function efficiently |
| 03:12 |
mjr_ |
like for example forex |
| 03:12 |
cerelenius |
bitcoin is too illiquid to function as anything other then a speculative tool, in terms of money in only functions as such in cybercrime for example because there are NO alternatives. |
| 03:12 |
mjr_ |
right NOW |
| 03:12 |
mjr_ |
but you just said that you were talking about the way it is now |
| 03:12 |
mjr_ |
it could be different |
| 03:12 |
mjr_ |
it has been different |
| 03:12 |
mjr_ |
it has changed a lot |
| 03:12 |
cerelenius |
only thing giving btc liquidity is cybercrime |
| 03:12 |
mjr_ |
and you seem to think that time doesn't exist |
| 03:12 |
mjr_ |
ah |
| 03:13 |
cerelenius |
its not nerds meeting up with pennys underneath a tree |
| 03:13 |
mjr_ |
of course |
| 03:13 |
mjr_ |
so playboy |
| 03:13 |
mjr_ |
tigerdirect |
| 03:13 |
cerelenius |
trading 50 dollars |
| 03:13 |
mjr_ |
which tree do they meet up at? |
| 03:13 |
cerelenius |
tigerdirect is zero sum |
| 03:13 |
Vexual |
ah theres only one fuck this mad |
| 03:13 |
Vexual |
ciao bellas |
| 03:13 |
mjr_ |
you said "cannot function" |
| 03:13 |
cerelenius |
they dont accept btc they accept bitpay |
| 03:13 |
mjr_ |
same diff |
| 03:13 |
cerelenius |
they settle in DOLLARS |
| 03:13 |
cerelenius |
not bitcoin |
| 03:13 |
mjr_ |
since I AM PAYING WITH BITCOIN |
| 03:13 |
cerelenius |
yes its no different then selling them at an exchange for usd |
| 03:13 |
cerelenius |
and then paying with usd |
| 03:13 |
mjr_ |
i could give two shits what happens between me paying bitcoin and getting the product i want |
| 03:13 |
mjr_ |
thats nice |
| 03:14 |
mjr_ |
what did i pay with? |
| 03:14 |
cerelenius |
tigerdirect means zero. |
| 03:14 |
mjr_ |
what did i get? |
| 03:14 |
mjr_ |
i again, don't care |
| 03:14 |
mjr_ |
i pay with the currency i chose |
| 03:14 |
mjr_ |
and get the product i wanted |
| 03:14 |
mjr_ |
you don't understand the diference between today's bitcoin and the inherent properties of bitcoin |
| 03:14 |
Vexual |
cerelenius, can you give me a quote on dogs? |
| 03:14 |
mjr_ |
bitcoin is not limited to illiquidity |
| 03:14 |
cerelenius |
dogs? |
| 03:14 |
mjr_ |
it is illiquid right now |
| 03:15 |
assbot |
[HAVELOCK] [NEOBEE] 85 @ 0.0053136 = 0.4517 BTC [+] {4} |
| 03:15 |
cerelenius |
mjr: it will always be illiquid. |
| 03:15 |
mjr_ |
like for example twitter shares were illiquid |
| 03:15 |
Vexual |
yes, ive got some things here and im trying to decide |
| 03:15 |
mjr_ |
or facebook, and now, they are MORE liquid |
| 03:15 |
mjr_ |
funny how things change... |
| 03:15 |
mjr_ |
ugh |
| 03:15 |
cerelenius |
yea and in bitcoin they dont. |
| 03:15 |
mjr_ |
you are such an idiot... |
| 03:15 |
mjr_ |
of course |
| 03:15 |
mjr_ |
it is JUST as illiquid as it was in 2009 |
| 03:15 |
cerelenius |
bitcoin will always be a niche place |
| 03:15 |
mjr_ |
obviuosly |
| 03:16 |
mjr_ |
you said that its state of liquidity is fixed |
| 03:16 |
assbot |
[HAVELOCK] [NEOBEE] 42 @ 0.00539182 = 0.2265 BTC [+] {4} |
| 03:16 |
cerelenius |
no |
| 03:16 |
mjr_ |
or are you going to change what you said again |
| 03:16 |
mjr_ |
oh ok |
| 03:16 |
cerelenius |
its state of liquidity will always be poor |
| 03:16 |
mjr_ |
so it can become MORE liquid |
| 03:16 |
mjr_ |
at what point will it cease being able to become more liquid |
| 03:16 |
cerelenius |
it will never be liquid enough |
| 03:16 |
mjr_ |
what is its inherent liquidity barrier |
| 03:16 |
cerelenius |
look its 2014 |
| 03:16 |
mjr_ |
since there must be one |
| 03:16 |
dignork |
cerelenius enough for what? |
| 03:16 |
cerelenius |
and we have 40% daily swings occuring |
| 03:16 |
mjr_ |
since at some point it cannot become more liquid |
| 03:16 |
mjr_ |
thats nice |
| 03:16 |
mjr_ |
i don't care |
| 03:16 |
mjr_ |
could bitcoin become MORE liquid tomorrow |
| 03:17 |
mjr_ |
if it can, then it could keep doing so... |
| 03:17 |
assbot |
[HAVELOCK] [NEOBEE] 610 @ 0.00539989 = 3.2939 BTC [+] {3} |
| 03:17 |
mjr_ |
and that is what you don't get |
| 03:17 |
cerelenius |
dignork: enough for it to be used as settlement without having to go through shit like bitpay |
| 03:17 |
mjr_ |
the issues you bring up have nothing to do with bitcoin |
| 03:17 |
mjr_ |
but rather immature markets for ANYTHING |
| 03:17 |
cerelenius |
nobody outside of cybercrime(gambling,porn,frauds) settles in bitcoin |
| 03:17 |
cerelenius |
and those that do do it from necessity |
| 03:17 |
cerelenius |
not because they want to lol |
| 03:17 |
mjr_ |
lol |
| 03:17 |
cerelenius |
im not talking about your little nerd with 0.01 balance |
| 03:18 |
mjr_ |
your argument for the dollar was its "necessity" |
| 03:18 |
assbot |
[HAVELOCK] [NEOBEE] 24 @ 0.00539989 = 0.1296 BTC [+] {4} |
| 03:18 |
dignork |
cerelenius in some countries you can't settle for USD, you have to go through exchange, so what? |
| 03:18 |
mjr_ |
because we couldn't have debts without it |
| 03:18 |
mjr_ |
yeah |
| 03:18 |
Apocalyptic |
cerelenius, i lol'd |
| 03:18 |
KRS-One |
cerelenius: according to btc.sx faq: For each position opened, btc.sx will execute an open market order at over x10 the value of your deposit. |
| 03:18 |
mjr_ |
there is this thing called "international trade" |
| 03:18 |
cerelenius |
dignork: right |
| 03:18 |
Vexual |
get off the couch cerel |
| 03:18 |
mjr_ |
you do know they don't use dollars everywhere |
| 03:18 |
KRS-One |
It is important to remember that losses can also be multiplied however losses will never exceed your deposit. |
| 03:18 |
mjr_ |
right? |
| 03:18 |
mjr_ |
in other words they will autoliquidate you |
| 03:18 |
cerelenius |
dignork: im talking about nobody settles for anything other then fiat at the moment in btc, OTHER then those groups i outlined |
| 03:18 |
KRS-One |
yea |
| 03:18 |
cerelenius |
krs-one: yea so they have some protection in place |
| 03:19 |
assbot |
[HAVELOCK] [NEOBEE] 650 @ 0.0054 = 3.51 BTC [+] {4} |
| 03:19 |
KRS-One |
there is also no control over this =/ |
| 03:19 |
mjr_ |
protection? yeah, you can only lose all your money |
| 03:19 |
cerelenius |
tigerdirect adopted bitpay not bitcoin lol |
| 03:19 |
mjr_ |
you are fully "protected" |
| 03:19 |
dignork |
cerelenius i'm not a "cybercriminal" and for some transactions I settle for btc, problem? |
| 03:19 |
mjr_ |
don't bother |
| 03:19 |
cerelenius |
dignork what did i say? |
| 03:19 |
cerelenius |
tiny ass ammounts |
| 03:19 |
mjr_ |
for every obvious real world example |
| 03:19 |
KRS-One |
tiny |
| 03:19 |
mjr_ |
he will dismiss it |
| 03:19 |
cerelenius |
the problem with adopting bitpay or coinbase |
| 03:19 |
chetty |
I settle with btc, and I am not a criminal either |
| 03:19 |
cerelenius |
is you can never offer clients huge discounts |
| 03:19 |
mjr_ |
he is wrong about pretty every statement, goes back and says he didn't mean "ALL" |
| 03:20 |
mjr_ |
i do as well |
| 03:20 |
cerelenius |
you can offer 1-2% |
| 03:20 |
mjr_ |
we all probably settle using bitcoin |
| 03:20 |
mjr_ |
mircea does |
| 03:20 |
mjr_ |
jurov does |
| 03:20 |
Vexual |
wanna learn? |
| 03:20 |
cerelenius |
mircea is part of the fraud category lol |
| 03:20 |
dignork |
cerelenius nonsense, discounts are based on your sales strategy, btc or not |
| 03:21 |
cerelenius |
dignork: merchants are adopting bitpay/coinbase to tap into the btc liquidity and the free publicity they get, nobody is settling in btc outright |
| 03:21 |
mjr_ |
so it seems that it is possible |
| 03:21 |
mjr_ |
you see a dog swimming, you think that dogs are aquatic creatures |
| 03:21 |
mjr_ |
that is the problem |
| 03:21 |
mjr_ |
exactly |
| 03:21 |
assbot |
[HAVELOCK] [NEOBEE] 500 @ 0.00548 = 2.74 BTC [+] {4} |
| 03:21 |
mjr_ |
i will sell my products for the amount of currency i want |
| 03:21 |
mjr_ |
at no point have you ever shown me an example of how it is different to buy something with a dollar and a bitcoin |
| 03:21 |
mjr_ |
as far as price setting |
| 03:21 |
cerelenius |
who settles in btc on a larger scale? gambling sites, porn, strange "finance" operations etc. |
| 03:21 |
cerelenius |
they do it out of necessity |
| 03:21 |
mjr_ |
we listed multiple people who do settle |
| 03:21 |
mjr_ |
and they only settle using dollars "out of necessity" |
| 03:21 |
cerelenius |
you listed nobody. |
| 03:21 |
cerelenius |
mircea cant use fiat |
| 03:21 |
mjr_ |
ugh |
| 03:21 |
mjr_ |
he can |
| 03:21 |
cerelenius |
no he cant lol |
| 03:21 |
mjr_ |
and i've seen him do it |
| 03:22 |
cerelenius |
he cant run his exchange with fiat |
| 03:22 |
mjr_ |
he paid for our coffees using fiat if i remember correctly |
| 03:22 |
mjr_ |
he COULD |
| 03:22 |
cerelenius |
im talking about his business |
| 03:22 |
mjr_ |
but he doesn't want to |
| 03:22 |
mjr_ |
since the whole point is moving past fiat |
| 03:22 |
cerelenius |
mjr you are a child probably 20 years old |
| 03:22 |
mjr_ |
lol |
| 03:22 |
mjr_ |
your googling skills must suck |
| 03:22 |
cerelenius |
you are obvlivious |
| 03:22 |
mjr_ |
you are oblicous |
| 03:22 |
mjr_ |
this is simple stuff |
| 03:22 |
mjr_ |
if i want to sell my car |
| 03:22 |
cerelenius |
bitcoin will never work on a large scale |
| 03:23 |
cerelenius |
you can be guaranteed that |
| 03:23 |
mjr_ |
in your opinion |
| 03:23 |
mjr_ |
and no ican't |
| 03:23 |
mjr_ |
you cannot guarantee that |
| 03:23 |
cerelenius |
the market cap will fluctuate |
| 03:23 |
mjr_ |
yes |
| 03:23 |
mjr_ |
like every asset on earth |
| 03:23 |
chetty |
hey how about a bet? |
| 03:23 |
cerelenius |
between 10-50bil dependant on cybercrime |
| 03:23 |
mjr_ |
it will behave like every asset on earth |
| 03:23 |
cerelenius |
price wise thats between 500-2500 |
| 03:23 |
mjr_ |
that is a large scale |
| 03:23 |
mjr_ |
depends on what you meant |
| 03:23 |
mjr_ |
since its under 10 now |
| 03:23 |
cerelenius |
the world is not running out of crypto |
| 03:23 |
mjr_ |
you are talking about a 5X increase |
| 03:24 |
Vexual |
nor fiat |
| 03:24 |
mjr_ |
the world isn't running out of fiat |
| 03:24 |
mjr_ |
ugh |
| 03:24 |
assbot |
[HAVELOCK] [NEOBEE] 185 @ 0.00549555 = 1.0167 BTC [+] {2} |
| 03:24 |
mjr_ |
just take everything you say, change the word bitcoin to dollar |
| 03:24 |
cerelenius |
you can come back here in 5 years |
| 03:24 |
mjr_ |
and you come up with the same thing |
| 03:24 |
cerelenius |
and btc wont be far from where it is |
| 03:24 |
mjr_ |
which means it won't have failed? |
| 03:24 |
mjr_ |
people will still be using iut |
| 03:24 |
cerelenius |
it wont fail in the sense of going to zero |
| 03:24 |
mjr_ |
they will still be settling debts |
| 03:24 |
cerelenius |
it will fail in mass adoption |
| 03:24 |
Vexual |
no bitcoiners have jumped off something high |
| 03:24 |
cerelenius |
a niche market |
| 03:24 |
mjr_ |
ok |
| 03:25 |
mjr_ |
you know that by your standards |
| 03:25 |
mjr_ |
the dollar has failed |
| 03:25 |
assbot |
[HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC |
| 03:25 |
assbot |
[HAVELOCK] [NEOBEE] 110 @ 0.00549585 = 0.6045 BTC [+] {3} |
| 03:25 |
mjr_ |
since the dollar has not been adopted by the vast majority of people on earth |
| 03:25 |
cerelenius |
well yes the dollar is a failure its a defaulted on promise to pay gold |
| 03:25 |
mjr_ |
its a niche market |
| 03:25 |
mjr_ |
but we use em |
| 03:25 |
mjr_ |
and it works for now |
| 03:25 |
cerelenius |
the dollar is accepted by the vast majority lol |
| 03:25 |
mjr_ |
no |
| 03:25 |
Vexual |
things change cere, the world keeps turning |
| 03:25 |
mjr_ |
it isn't accepted in europe |
| 03:25 |
mjr_ |
or china |
| 03:25 |
cerelenius |
the chinese yuan is defacto backed by dollars |
| 03:25 |
dignork |
cerelenius gosh, gold defaulted on promise to be a currency, your point? |
| 03:25 |
cerelenius |
via US treasury debt |
| 03:25 |
Vexual |
fuck off |
| 03:26 |
assbot |
[HAVELOCK] [NEOBEE] 500 @ 0.0054989 = 2.7495 BTC [+] |
| 03:26 |
cerelenius |
dignork: the same way bitcoin will because of what i outlined earlier in the chat. a tiny tiny % of holders will be filthy rich while everyone else is filthy poor |
| 03:26 |
cerelenius |
that will always be btc |
| 03:26 |
Vexual |
juest like usd |
| 03:26 |
cerelenius |
yes |
| 03:26 |
Vexual |
its called moeny |
| 03:26 |
cerelenius |
both are different sides of the same coin |
| 03:26 |
dignork |
cerelenius this will be the case anyhow, nature laws... |
| 03:27 |
dignork |
unrelated to btc |
| 03:27 |
assbot |
[HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC |
| 03:27 |
cerelenius |
its related to btc because as people WORK hard to build the ecosystem and create purchasing power, it gets siphoned off by the large holders |
| 03:27 |
cerelenius |
its not nature laws lol |
| 03:27 |
cerelenius |
its man laws |
| 03:27 |
Vexual |
man in the image of god |
| 03:27 |
mjr_ |
or japan |
| 03:27 |
mjr_ |
or africa |
| 03:27 |
mjr_ |
its accepted in the US |
| 03:27 |
mjr_ |
which is why i think they say US on them |
| 03:27 |
mjr_ |
the vast majority of people in the world may never touch a dollar |
| 03:27 |
mjr_ |
or have one in a bank account |
| 03:27 |
mjr_ |
so they haven't adopted it |
| 03:27 |
mjr_ |
so if only a few people use bitcoin to transact their business, it'll be the same as the romanian lei |
| 03:27 |
mjr_ |
which is still a currency |
| 03:27 |
mjr_ |
that is used by people |
| 03:27 |
mjr_ |
to buy things, sell things, and to pay off debts |
| 03:27 |
mjr_ |
there is no fundamental difference so far to bitcoin, you seem to think that gox is part of bitcoin or something |
| 03:27 |
chetty |
I am curious, why come here and argue cerelenius, whats in it for you? |
| 03:27 |
mjr_ |
trolls love to get fed |
| 03:28 |
mjr_ |
lol |
| 03:28 |
cerelenius |
chetty: im not argueing |
| 03:28 |
mjr_ |
this is ridiculous |
| 03:28 |
mjr_ |
you do realize i could cease accepting dollars tomorrow right? |
| 03:28 |
cerelenius |
im pointing out whats painfully obvious for anyone who can deductively reason |
| 03:28 |
mjr_ |
yes |
| 03:28 |
mjr_ |
and if no one wants dollars... |
| 03:28 |
cerelenius |
i explained to you what gives dollars a bid |
| 03:28 |
Vexual |
you're not trolling, i wrote the book. you have personality disorder |
| 03:28 |
cerelenius |
you are going round in a circle |
| 03:29 |
mjr_ |
or i guess to put it in simple terms "to the extent to which someone wants a currency, based on how much of it there is, that will define its value" |
| 03:29 |
cerelenius |
btc will make a handful rich and everyone else will wake up one day realizing they benefited NOTHING from it |
| 03:29 |
mjr_ |
dollars value: supply and demand |
| 03:29 |
mjr_ |
bitcoin value: supply and demand |
| 03:29 |
mjr_ |
i am not seeing the difference |
| 03:29 |
cerelenius |
dollar demand is always higher then supply |
| 03:29 |
cerelenius |
or else it would be worthless |
| 03:29 |
cerelenius |
bitcoin is not the same |
| 03:29 |
Vexual |
so too bc |
| 03:29 |
jurov |
cerelenius how did i benefit from dollars? |
| 03:29 |
chetty |
well the fed isn't printing btc by the bucket load |
| 03:29 |
jurov |
i never had any |
| 03:30 |
mjr_ |
to the extent i want dollars, i will allow people to pay me in dollars |
| 03:30 |
cerelenius |
jurov: im not argueing the fiat system being better |
| 03:30 |
mjr_ |
no... |
| 03:30 |
cerelenius |
they are both BAD monetary systems |
| 03:30 |
Vexual |
money good |
| 03:30 |
mjr_ |
you don't understand monetary systems |
| 03:30 |
mjr_ |
it would seem |
| 03:30 |
mjr_ |
you seem to think they obey some law |
| 03:30 |
cerelenius |
no you do |
| 03:30 |
cerelenius |
supply/demand lol |
| 03:30 |
dignork |
cerelenius create GOOD monetary system that suits you |
| 03:30 |
Vexual |
yo mama |
| 03:30 |
mjr_ |
no, i think that the market sets their value |
| 03:30 |
cerelenius |
i told you i can throw trillions of dollars around and nothing happens |
| 03:30 |
mjr_ |
so waht |
| 03:30 |
cerelenius |
and the proof is bernanke doing it |
| 03:30 |
mjr_ |
yeah absolutely nothing happening |
| 03:31 |
mjr_ |
i mean |
| 03:31 |
cerelenius |
whats happening? |
| 03:31 |
mjr_ |
its like i can still buy a hamburger for a nickel |
| 03:31 |
Vexual |
were feeding you |
| 03:31 |
cerelenius |
why is gold/oil all below their highs |
| 03:31 |
assbot |
[MPEX] [S.MPOE] 34100 @ 0.00088238 = 30.0892 BTC [+] {3} |
| 03:31 |
assbot |
[HAVELOCK] [CFIG] 3 @ 0.10350208 = 0.3105 BTC [-] {2} |
| 03:31 |
cerelenius |
despite all the fiat printing |
| 03:31 |
mjr_ |
its like the CPI has never moved |
| 03:31 |
mjr_ |
ok |
| 03:31 |
cerelenius |
mjr: when debts become so large, inflation is impossible |
| 03:31 |
mjr_ |
that is simply answered |
| 03:31 |
cerelenius |
deflation begins |
| 03:31 |
mjr_ |
lol its always possible |
| 03:32 |
mjr_ |
you are saying that a dollar cannot become worth lesss |
| 03:32 |
cerelenius |
it can yes |
| 03:32 |
cerelenius |
under a political crisis |
| 03:32 |
mjr_ |
ok then |
| 03:32 |
mjr_ |
so it could still inflate further |
| 03:32 |
mjr_ |
this is basic |
| 03:32 |
cerelenius |
but we are no where near that lol |
| 03:32 |
cerelenius |
any dollar inflation is followed by deflation |
| 03:32 |
mjr_ |
mjr: when debts become so large, inflation is impossible |
| 03:32 |
cerelenius |
hence boom/bust |
| 03:32 |
cerelenius |
mjr: yes |
| 03:32 |
mjr_ |
except then you said "yes it can inflate further |
| 03:32 |
cerelenius |
sure incremental steps |
| 03:32 |
mjr_ |
which means, perhaps you don't understand what impossible means |
| 03:33 |
mjr_ |
i think that must be it |
| 03:33 |
cerelenius |
look oil was 150 in 2007 |
| 03:33 |
cerelenius |
its 100 today |
| 03:33 |
Vexual |
wrong |
| 03:33 |
cerelenius |
despite 5 trillion of fed printing |
| 03:33 |
mjr_ |
it means "CANNOT HAPPEN EVER UNDER ANY CIRCUMSTANCES" |
| 03:33 |
mjr_ |
thats nice |
| 03:33 |
cerelenius |
under the credit money system it cant |
| 03:33 |
mjr_ |
see, its super simple |
| 03:33 |
mjr_ |
it can |
| 03:33 |
Vexual |
wha? |
| 03:33 |
mjr_ |
there are 3 apples |
| 03:33 |
cerelenius |
you couldnt even cut enough trrees |
| 03:33 |
mjr_ |
and 3 dollars |
| 03:33 |
cerelenius |
to produce the paper to print on in time |
| 03:33 |
mjr_ |
each apple costs 1 dollar |
| 03:33 |
jurov |
cerelenius the money was not actually printed |
| 03:33 |
mjr_ |
if i print a trillion |
| 03:33 |
cerelenius |
jurov yes i know i said that already. |
| 03:33 |
mjr_ |
the apples still sit there |
| 03:34 |
cerelenius |
it was lent into existence |
| 03:34 |
Vexual |
no you didnt |
| 03:34 |
dignork |
ok, so now we're discussing dollars, why? |
| 03:34 |
jurov |
the banks that got it returned it to fed or bought back bonds |
| 03:34 |
mjr_ |
the value asymptotically approaches 0 |
| 03:34 |
mjr_ |
he apparently thinks that math doesn't apply to dollars or something |
| 03:34 |
jurov |
if it got really released into circulatoin, insta hyperinflation |
| 03:34 |
cerelenius |
jurov lol it cant get released into circulation |
| 03:34 |
mjr_ |
like if i print more, but still have the same basket of goods, at a certain point, i can buy more |
| 03:34 |
jurov |
so your reasoning is deeply flawed |
| 03:34 |
cerelenius |
it has to be LENT into circulation |
| 03:34 |
mjr_ |
yes |
| 03:34 |
cerelenius |
you need both borrowers and lenders |
| 03:34 |
mjr_ |
yes, that is exactly it jurov |
| 03:34 |
cerelenius |
borrowers were too broke to borrow anymore |
| 03:34 |
mjr_ |
and if no one wants to borrow |
| 03:35 |
mjr_ |
ok thjen |
| 03:35 |
cerelenius |
the banks couldnt lend it becuase there was no collateral left |
| 03:35 |
cerelenius |
they could only lend against the LAST remaining collateral |
| 03:35 |
mjr_ |
they can lend without collateral |
| 03:35 |
Vexual |
broke borrowers being you celerius |
| 03:35 |
cerelenius |
which was US government bonds |
| 03:35 |
dignork |
cerelenius you can (will have to) release it into pension funds |
| 03:35 |
cerelenius |
hence why they bought bonds |
| 03:35 |
dignork |
no lending |
| 03:35 |
mjr_ |
again who cares |
| 03:35 |
cerelenius |
hyperinflation = political crisis |
| 03:35 |
cerelenius |
the US is nowhere near that |
| 03:35 |
jurov |
so there 5 trillions are as good as non existing |
| 03:35 |
Vexual |
is anyone lending to you? |
| 03:35 |
mjr_ |
who cares |
| 03:35 |
cerelenius |
jurov: those 5 trillions have to be repaid |
| 03:36 |
mjr_ |
so your saying that the value of the dollar depends on how many of them their are |
| 03:36 |
Vexual |
like your aunt |
| 03:36 |
cerelenius |
they are inflationary when created |
| 03:36 |
cerelenius |
but DEFLATIONARy for rest of their life |
| 03:36 |
mjr_ |
at no point does a currency become SO worthless that it gets value |
| 03:36 |
cerelenius |
because they have to be repaid with interest |
| 03:36 |
mjr_ |
no they don't |
| 03:36 |
assbot |
[HAVELOCK] [NEOBEE] 41 @ 0.00549979 = 0.2255 BTC [+] {2} |
| 03:36 |
mjr_ |
you seem to think that magically dollars appear to pay back debts |
| 03:36 |
cerelenius |
you do |
| 03:36 |
mjr_ |
but there is this thing called bankruptcy |
| 03:36 |
Vexual |
failure |
| 03:36 |
mjr_ |
where the money (shocker) NEVER gets paid back |
| 03:36 |
Vexual |
ryernal |
| 03:36 |
cerelenius |
yea it doesnt work on a soveriegn level |
| 03:36 |
mjr_ |
and guess what |
| 03:36 |
mjr_ |
it has before |
| 03:36 |
Vexual |
it does |
| 03:36 |
mjr_ |
obvoiusly |
| 03:37 |
cerelenius |
lol when? |
| 03:37 |
mjr_ |
um... |
| 03:37 |
Vexual |
its eternal |
| 03:37 |
cerelenius |
the US government cannot go bankrupt |
| 03:37 |
Apocalyptic |
lol |
| 03:37 |
mjr_ |
i have heard of 0 countries being removed from the planet because they went broke |
| 03:37 |
mjr_ |
so... |
| 03:37 |
cerelenius |
you would have a total implosion of the worldwide banking system |
| 03:37 |
mjr_ |
thats nice |
| 03:37 |
mjr_ |
i dno't care |
| 03:37 |
cerelenius |
mjr your going on ignore |
| 03:37 |
mjr_ |
make something of value |
| 03:37 |
mjr_ |
trade it to someone else for something of value |
| 03:37 |
dignork |
cerelenius market crashes, happened like 5 times in last 10 years, each time tons of usd where DELETED |
| 03:37 |
mjr_ |
if you can do those two things |
| 03:37 |
cerelenius |
dignork: yes exactly |
| 03:37 |
mjr_ |
youll be fine |
| 03:38 |
mjr_ |
all the buillshit that goes on, is irrelevant |
| 03:38 |
cerelenius |
dignork: during debt collapse, USDs get deleted and the left over ones swell in value |
| 03:38 |
dignork |
nobody repayed them, they just vanished |
| 03:38 |
mjr_ |
make something of value, and the rest doesn't matter |
| 03:38 |
cerelenius |
dignork: yep thats what happened in 08 |
| 03:38 |
mjr_ |
you can hand wave about financial instruments it doesn't change reality |
| 03:38 |
cerelenius |
one day people are going to wake up and see their bank accounts reduced by 95% |
| 03:38 |
mjr_ |
thats nice |
| 03:38 |
cerelenius |
the only thing that will hold up will be paper USDs |
| 03:38 |
dignork |
ok, so they don't have to be repid, right? |
| 03:38 |
mjr_ |
are you saying that no one will be able to then buy berak? |
| 03:38 |
mjr_ |
bread? |
| 03:38 |
jurov |
cerelenius most people in US have actually negative balances |
| 03:38 |
dignork |
*repaid |
| 03:38 |
cerelenius |
dignork: no they can be defaulted on |
| 03:39 |
jurov |
so no problem there |
| 03:39 |
MisterE |
people are jumping in btc-e trollbox haha |
| 03:39 |
mjr_ |
that is what you don't get...if i took away 90% of the wealth of the entire world...the system wouldn't have changed at all |
| 03:39 |
cerelenius |
mjr one thing i know is youll be poor and stupid forever |
| 03:39 |
mjr_ |
since wealth and currency are relative |
| 03:39 |
cerelenius |
so you are right |
| 03:39 |
mjr_ |
lol |
| 03:39 |
jurov |
they can't take bank accounts balances like in eu |
| 03:39 |
mjr_ |
if you have 10 dollars, and everyone else has 2 |
| 03:39 |
jurov |
because americans don't have any |
| 03:39 |
mjr_ |
you are a "tenionaire" |
| 03:40 |
cerelenius |
jurov: it depends what class of americans |
| 03:40 |
jurov |
it evens out, richer have just bigger mortgages |
| 03:40 |
mjr_ |
yeah |
| 03:40 |
cerelenius |
its difficult to take balances in america because america tends to have stronger rule of law then most of europe |
| 03:40 |
mjr_ |
average american up to 150k can't come up with 2 grand by month end |
| 03:40 |
cerelenius |
even todate |
| 03:40 |
cerelenius |
as bad as the US is |
| 03:41 |
mjr_ |
you seem to think, and correct me if i'm wrong, that money serves a purpose outside of me buying things with it |
| 03:41 |
cerelenius |
europe has a stronger history of fascism |
| 03:41 |
jurov |
well, they'll take the home instead |
| 03:41 |
jurov |
er..."foreclose" |
| 03:41 |
cerelenius |
mjr: no i dont think that, the system does hence its FLAW |
| 03:41 |
mjr_ |
while true jurov |
| 03:41 |
mjr_ |
thats nice |
| 03:41 |
cerelenius |
mjr: money is sterile, people think if they put money in a bank vault it will have children |
| 03:41 |
mjr_ |
i saw a hammer that thought it was a screwdriver |
| 03:41 |
cerelenius |
and bitcoin is sterile too |
| 03:41 |
mjr_ |
i used it to hammer nails |
| 03:41 |
mjr_ |
worked fine |
| 03:42 |
mjr_ |
those people are stupid |
| 03:42 |
cerelenius |
everyone who gained in bitcoin there has to be a equal loser |
| 03:42 |
mjr_ |
not true |
| 03:42 |
cerelenius |
its ZERO sum |
| 03:42 |
mjr_ |
no it isn't |
| 03:42 |
mjr_ |
here is the basis of money |
| 03:42 |
cerelenius |
yes it is |
| 03:42 |
mjr_ |
there is a fixed amount of "stuff" in the world |
| 03:42 |
assbot |
[HAVELOCK] [NEOBEE] 181 @ 0.00549979 = 0.9955 BTC [-] |
| 03:42 |
cerelenius |
1% of bitcoins cannot be spent without the market going to zero |
| 03:42 |
mjr_ |
i may want some of it |
| 03:42 |
cerelenius |
or close to zero |
| 03:42 |
mjr_ |
wrong |
| 03:42 |
mjr_ |
obvoiusly |
| 03:42 |
cerelenius |
1% of btc is 210,000btc |
| 03:42 |
cerelenius |
go spend that |
| 03:42 |
mjr_ |
if i want some of the stuff, i trade some of the stuff i have |
| 03:42 |
mjr_ |
ok |
| 03:43 |
mjr_ |
i could buy 210,000 worth of doge coin |
| 03:43 |
cerelenius |
most peoples bitcoin wealth is unspendable paper gain |
| 03:43 |
jurov |
cerelenius, just go to mircea and buy some s.mpoe for 210k bitcoins |
| 03:43 |
jurov |
no problem there :) |
| 03:43 |
mjr_ |
which would push the price up to wher ebitcoin is |
| 03:43 |
MisterE |
lost 750K BTC oops |
| 03:43 |
cerelenius |
lol |
| 03:43 |
mjr_ |
you can spend it |
| 03:43 |
cerelenius |
haha jurov |
| 03:43 |
mjr_ |
if someone is wililng to accept it |
| 03:43 |
cerelenius |
the bitcoin market would implode |
| 03:43 |
cerelenius |
thats what would happen |
| 03:43 |
mjr_ |
no it wouldn't |
| 03:43 |
cerelenius |
yes it would lol |
| 03:43 |
mjr_ |
you have x tokens, and y "things" |
| 03:43 |
mjr_ |
there is a ratio of x to y |
| 03:44 |
mjr_ |
that is money |
| 03:44 |
cerelenius |
whats with the elementary school examples |
| 03:44 |
mjr_ |
you cannot understand anything more advanced yet |
| 03:44 |
mjr_ |
so stick to the basicsa |
| 03:44 |
dignork |
cerelenius so if i pay wages in BTC it will implode? elaborate |
| 03:44 |
cerelenius |
you dont understand that bitcoin is zero sum |
| 03:44 |
cerelenius |
its a sterile asset |
| 03:44 |
mjr_ |
because it isn't |
| 03:44 |
cerelenius |
it doesnt produce anything on its own |
| 03:44 |
mjr_ |
its not supposed to |
| 03:44 |
cerelenius |
it can always only make a tiny tiny % rich |
| 03:44 |
mjr_ |
its supposed to represent a certain portion of actual things in the real world which i may want |
| 03:44 |
cerelenius |
at the expense of everyone else |
| 03:44 |
mjr_ |
not true |
| 03:45 |
mjr_ |
its like the rules of logic don't apply to you |
| 03:45 |
mjr_ |
its not 0 sum |
| 03:45 |
dignork |
cerelenius it's cash, why should it produce value? |
| 03:45 |
mjr_ |
exactly |
| 03:45 |
mjr_ |
i have no clue if he understand that |
| 03:45 |
cerelenius |
dignork: it isnt cash. its a virtial commodity |
| 03:45 |
mjr_ |
3 apples, 3 bitcoins |
| 03:45 |
mjr_ |
each apple = 1 bitcoins |
| 03:45 |
cerelenius |
dignork: cash has a tight bid/ask spread bitcoin has a wide one |
| 03:45 |
mjr_ |
no |
| 03:45 |
mjr_ |
that is the situoation right now |
| 03:45 |
mjr_ |
that is like saying |
| 03:45 |
mjr_ |
humans have 2 arms |
| 03:46 |
mjr_ |
oh that is a guy with one arm, not human |
| 03:46 |
mjr_ |
in other words, idiotic |
| 03:46 |
cerelenius |
mjr it will always be the situation |
| 03:46 |
dignork |
cerelenius got to forex and lo, currencies with low volumes have large spreads |
| 03:46 |
mjr_ |
no it won' |
| 03:46 |
mjr_ |
t |
| 03:46 |
mjr_ |
exactly |
| 03:46 |
mjr_ |
the relative demand will basically set the bid ask spread (since bitcoins supply grows at a fixed rate) |
| 03:46 |
mjr_ |
if half the world chose to use bitcoin |
| 03:46 |
cerelenius |
i already explained bitcoin has 2 sources of demand 1) speculative and 2) settlement, break down what settlement means and you get mostly black market activities and maybe 5% of little bits and pieces |
| 03:46 |
mjr_ |
the bid ask spread would be tighter than the dollar |
| 03:47 |
mjr_ |
FOR NOW |
| 03:47 |
cerelenius |
everytime a merchant adopts bitpay or coinbase |
| 03:47 |
mjr_ |
you stupid troll |
| 03:47 |
cerelenius |
its just another cashout option |
| 03:47 |
mjr_ |
ok |
| 03:47 |
mjr_ |
again irrelevant |
| 03:47 |
cerelenius |
it means nothing |
| 03:47 |
mjr_ |
BITPAY says they want bitcoin |
| 03:47 |
mjr_ |
they will ACCEPT bitcoin |
| 03:47 |
cerelenius |
whats important is adoption by people who actually settle in btc |
| 03:47 |
cerelenius |
in size |
| 03:47 |
mjr_ |
meaning they are trading bitcoin for soething |
| 03:47 |
cerelenius |
bitpay doesnt accept shit they just broker a trade |
| 03:47 |
mjr_ |
how is that important, you said it is impossible for it to work |
| 03:47 |
cerelenius |
they are like a one way exchange |
| 03:47 |
mjr_ |
ok... |
| 03:48 |
cerelenius |
they are never exposed to bitcoin |
| 03:48 |
mjr_ |
if i wanted an apple |
| 03:48 |
mjr_ |
i send bitcoin |
| 03:48 |
mjr_ |
i get an apple |
| 03:48 |
cerelenius |
which is sold to someone for usd |
| 03:48 |
cerelenius |
and then that pays for the apple |
| 03:48 |
mjr_ |
... |
| 03:48 |
mjr_ |
lol |
| 03:48 |
cerelenius |
there has to be a willing BID |
| 03:48 |
cerelenius |
at all times |
| 03:48 |
dignork |
cerelenius if btc is good only for storage, it'd be worthless |
| 03:48 |
mjr_ |
almost like if you paid pesos for it? |
| 03:48 |
mjr_ |
from mexico? |
| 03:48 |
cerelenius |
dignork: no your misunderstanding me |
| 03:48 |
mjr_ |
how could that system possibly work? |
| 03:48 |
dignork |
any currency is worthless as a value storage |
| 03:48 |
mjr_ |
yeah |
| 03:48 |
cerelenius |
certain things on the internet have to use bitcoin becuase of necessity |
| 03:48 |
mjr_ |
which is why bank balances are worht 0 |
| 03:48 |
cerelenius |
like cybercrime and those gambling sites |
| 03:48 |
mjr_ |
UGH |
| 03:48 |
cerelenius |
thats where bitcoins BID comes from |
| 03:49 |
mjr_ |
and certain people have to use dollars out of necessity |
| 03:49 |
cerelenius |
those guys do massive size |
| 03:49 |
mjr_ |
you are not describing anything different between bitcoin and dollars |
| 03:49 |
cerelenius |
you really think bitcoins value is from guys like mjr buying $20 in a forest? |
| 03:49 |
dignork |
cerelenius i used btc to move small amount of cash between two coutries |
| 03:49 |
cerelenius |
its from people who settle in it, in SIZE |
| 03:49 |
chetty |
If all the dollars in the world went poof tomorrow there would still be as many apples :) |
| 03:49 |
mjr_ |
if there are 500 million of them buying 20 |
| 03:49 |
mjr_ |
yep |
| 03:49 |
cerelenius |
dignork: yes "small" |
| 03:49 |
mjr_ |
thanks chetty |
| 03:49 |
dignork |
just because tx fees on wire transfer where much higher |
| 03:49 |
mjr_ |
that is the point |
| 03:49 |
cerelenius |
thats not enough for a 10bil market cap |
| 03:49 |
mjr_ |
there is STILL things around me |
| 03:49 |
mjr_ |
things i may want to buy |
| 03:50 |
mjr_ |
if there was one bitcoin |
| 03:50 |
mjr_ |
it would be irrelevant to the number of things |
| 03:50 |
dignork |
cerelenius lol, check evaluation for western union and such |
| 03:50 |
cerelenius |
dignork: your transfer was zero sum |
| 03:50 |
mjr_ |
i can "map" the number of bitcoins onto any number of things |
| 03:50 |
mjr_ |
and find a ratio |
| 03:50 |
cerelenius |
you bought btc and sold it you didnt settle in it |
| 03:50 |
cerelenius |
thats not whose providing a bid for btc lol |
| 03:50 |
mjr_ |
thhat is money |
| 03:50 |
cerelenius |
its the guys settling in it |
| 03:50 |
cerelenius |
and i broke down who is settling in btc |
| 03:50 |
mjr_ |
i don't care what they do after i paid for the product i purcahsed |
| 03:50 |
cerelenius |
as of 2014 |
| 03:50 |
mjr_ |
thats like saying |
| 03:51 |
cerelenius |
lol after? you mean during |
| 03:51 |
mjr_ |
the restaurant owner is just going to use his dollars to pay his accountant |
| 03:51 |
dignork |
cerelenius, you with your settlement, i got btc and payed it for a coffe |
| 03:51 |
cerelenius |
bitcoin did not pay for your purchase go ask tigerdirect for a bitcoin refund |
| 03:51 |
dignork |
i didn't settlem coffe shop did |
| 03:51 |
cerelenius |
they will give you a dollar one |
| 03:51 |
mjr_ |
which could be handled by bitpay in reverse |
| 03:51 |
cerelenius |
no it cant |
| 03:51 |
mjr_ |
they are pegging the value to the dollar |
| 03:51 |
cerelenius |
if the exchange rate changed you are taking a loss |
| 03:51 |
mjr_ |
i think you are mixing up a numeraire with something else |
| 03:51 |
mjr_ |
so... |
| 03:51 |
cerelenius |
mjr you are clueless pal |
| 03:51 |
cerelenius |
go ask for a refund se ewhat they say |
| 03:51 |
mjr_ |
have you heard of fx risk? |
| 03:52 |
cerelenius |
what they send you |
| 03:52 |
cerelenius |
i twont be bitcoin lol |
| 03:52 |
cerelenius |
it* |
| 03:52 |
dignork |
cerelenius you are in US, paying to chinese company for some product |
| 03:52 |
dignork |
in the middle there is a conversion to their curremcy |
| 03:52 |
cerelenius |
dignork: i agree the payment network(blockchain) is excellent |
| 03:52 |
assbot |
[HAVELOCK] [NEOBEE] 70 @ 0.0054998 = 0.385 BTC [+] |
| 03:52 |
dignork |
now you want in refund, but exch rates changed |
| 03:52 |
cerelenius |
dignork: the currency doesnt change 50% in a day |
| 03:52 |
cerelenius |
exch rate risk is low |
| 03:53 |
dignork |
depends on currency and timing |
| 03:53 |
cerelenius |
bitpay has zero exposure to bitcoin risk |
| 03:53 |
mjr_ |
if i bought servers from china |
| 03:53 |
mjr_ |
and the exchange rate changed i could "take a loss" |
| 03:53 |
mjr_ |
thats the pointt |
| 03:53 |
mjr_ |
if you calculate your gains and losses in bitcoin |
| 03:53 |
mjr_ |
then hedge bitcoin |
| 03:53 |
cerelenius |
they are connected to major exchanges |
| 03:53 |
cerelenius |
and just instantly sell them |
| 03:53 |
cerelenius |
you cant hedge bitcoin |
| 03:53 |
mjr_ |
if you calculate losses in dollars |
| 03:53 |
mjr_ |
then hedge dollars |
| 03:53 |
BingoBoingo |
Argentina might have something to say about exchange rates moving... |
| 03:53 |
mjr_ |
if you dno't want fx risk to hurt you |
| 03:53 |
mjr_ |
you hedge so you end up with what you wanted |
| 03:53 |
cerelenius |
theres nobody in the world dumb enough to sell insurance against it |
| 03:53 |
mjr_ |
which is why futures markets are a thing |
| 03:53 |
mjr_ |
yeah |
| 03:53 |
mjr_ |
like when you buy a tv on sale |
| 03:53 |
mjr_ |
and then they wn't give you full price whenyou refund it? |
| 03:53 |
mjr_ |
oh really |
| 03:53 |
mjr_ |
i do it everyday |
| 03:53 |
mjr_ |
tell me how i can't |
| 03:53 |
dignork |
cerelenius hence the derivative market, to hedge this |
| 03:53 |
mjr_ |
lol |
| 03:54 |
cerelenius |
where is it? |
| 03:54 |
mjr_ |
you are obviously an idiot...no one hedges using insurance |
| 03:54 |
cerelenius |
mircea? with extremely overpriced options? |
| 03:54 |
mjr_ |
they use futures |
| 03:54 |
mjr_ |
or options |
| 03:54 |
cerelenius |
options are insurance fool |
| 03:54 |
mjr_ |
no they aren't |
| 03:54 |
cerelenius |
mjr enough. |
| 03:54 |
mjr_ |
they give you an option |
| 03:54 |
mjr_ |
to buy something |
| 03:54 |
mjr_ |
at a certain price |
| 03:54 |
cerelenius |
a hedge is insurance. |
| 03:54 |
dignork |
cerelenius somebody wrote this options, and somebody bought it |
| 03:54 |
mjr_ |
insurance automatically PAYS if an event happens |
| 03:54 |
cerelenius |
yea like an option lol |
| 03:54 |
mjr_ |
no |
| 03:54 |
mjr_ |
you miss the key word |
| 03:54 |
mjr_ |
OPTION |
| 03:55 |
cerelenius |
mjr shutup dude |
| 03:55 |
mjr_ |
i have the right BUT NOT THE OBLIGATION |
| 03:55 |
cerelenius |
go ask tigerdirect for a btc refund |
| 03:55 |
mjr_ |
you are an idiot |
| 03:55 |
cerelenius |
if you paid them in btc |
| 03:55 |
dignork |
so you might say stock options are insurances, fine |
| 03:55 |
mjr_ |
and barely understand how our current system works |
| 03:55 |
cerelenius |
they will tell you to fuck off. |
| 03:55 |
mjr_ |
you don't even know the difference between insurance and an option |
| 03:55 |
cerelenius |
dignork: nobody is stupid enough to hedge bitcoin with 50% price swings daily youll go broke. |
| 03:55 |
mjr_ |
lol |
| 03:55 |
mjr_ |
what if... |
| 03:55 |
mjr_ |
i could show you a place that will do it right now |
| 03:55 |
cerelenius |
mjr: why wont tigerdirect refund you in btc |
| 03:55 |
mjr_ |
they don't want to? |
| 03:56 |
cerelenius |
mjr: lol mirceas option bot? |
| 03:56 |
dignork |
cerelenius lol, previously you claimed mpex has high margins, now deduce why... |
| 03:56 |
mjr_ |
that is a pretty easy question |
| 03:56 |
mjr_ |
the option is expensive |
| 03:56 |
Namworld |
Fucking people |
| 03:56 |
mjr_ |
so hedging is expensive |
| 03:56 |
cerelenius |
dignork: mpex can go broke. |
| 03:56 |
mjr_ |
but it exists |
| 03:56 |
mjr_ |
and you obviously can do it |
| 03:56 |
Namworld |
Going on and on and on about the "MtGox PDF" |
| 03:56 |
mjr_ |
unless you are too retarded to figure it out like cerelenius |
| 03:56 |
MisterE |
KRS-One: not going down like expected |
| 03:56 |
mjr_ |
here is a scenario |
| 03:56 |
cerelenius |
mjr right so if a retailer hedges and its super expensive |
| 03:56 |
cerelenius |
they lose money lol |
| 03:56 |
mjr_ |
ok |
| 03:56 |
cerelenius |
all their profit margin vanishes |
| 03:57 |
mjr_ |
your point is... |
| 03:57 |
cerelenius |
or they need a high btc price |
| 03:57 |
mjr_ |
yes |
| 03:57 |
cerelenius |
for their item |
| 03:57 |
dexX7 |
view-source:https://www.mtgox.com/ |
| 03:57 |
cerelenius |
meaning it cant compete |
| 03:57 |
mjr_ |
which means that is just the price of bitcoins vs dollars |
| 03:57 |
mjr_ |
ugh |
| 03:57 |
cerelenius |
mjr you are clueless pal |
| 03:57 |
cerelenius |
try again |
| 03:57 |
Apocalyptic |
guys |
| 03:57 |
mjr_ |
yeah |
| 03:57 |
Apocalyptic |
view source on https://www.mtgox.com |
| 03:57 |
Apocalyptic |
<!-- put announce for mtgox acq here --> |
| 03:57 |
mjr_ |
i've done it |
| 03:57 |
cerelenius |
everyone smart knows it doesnt matter who "adopts" bitpay and coinbase, it means zero for the price |
| 03:57 |
Apocalyptic |
if acq = acquisiton ... |
| 03:57 |
mjr_ |
they are just serving blank page |
| 03:57 |
assbot |
[HAVELOCK] [NEOBEE] 83 @ 0.00530002 = 0.4399 BTC [-] {4} |
| 03:57 |
cerelenius |
whats important is those who settle in bitcoin |
| 03:57 |
dexX7 |
yup, this line is new |
| 03:57 |
Apocalyptic |
mjr_, not anymore |
| 03:58 |
Apocalyptic |
it's blank in appearance bur source has changed |
| 03:58 |
mjr_ |
lol |
| 03:58 |
mjr_ |
i saw it |
| 03:58 |
cerelenius |
https://bitcoinbuilder.com/ |
| 03:58 |
Duffer1 |
acq = acquire? |
| 03:58 |
cerelenius |
well they are implying a 9-10% chance of recovery |
| 03:58 |
dignork |
cerelenius mpex CAN probably go broke, but not because what you;re thinking |
| 03:58 |
cerelenius |
dignork: well no he never will hes smarter then that, hell just cancel trades |
| 03:59 |
Apocalyptic |
Duffer1, acquisition seems plausible |
| 03:59 |
cerelenius |
and blame an error |
| 03:59 |
cerelenius |
mircea is too clever to EVER go broke |
| 03:59 |
mjr_ |
ugh |
| 03:59 |
dignork |
basically default, ok, but it's unrelated to options as a mechanism |
| 03:59 |
mjr_ |
sorry i am going to ignore cerelenius now |
| 03:59 |
Duffer1 |
unforseen circumstance befalls us all |
| 03:59 |
mjr_ |
i just can't deal with the stupidity any longer |
| 04:00 |
cerelenius |
dignork: if mpex sold a put option big enough even a decline like today would clean them out |
| 04:01 |
cerelenius |
if someone excercised it |
| 04:01 |
cerelenius |
hed be defaulting |
| 04:01 |
mjr_ |
while i look for the ignore command |
| 04:01 |
mjr_ |
that is probably why you don't write options that big |
| 04:01 |
mjr_ |
and why you'd never program a bot to do so |
| 04:01 |
mjr_ |
and why you raise money in bonds to cover your trading |
| 04:01 |
mjr_ |
don't know though, he could have chosen those things at random |
| 04:01 |
cerelenius |
yea "bonds" |
| 04:02 |
cerelenius |
what mpex does is collect nickles infront of an oncoming train |
| 04:02 |
mjr_ |
do you remember how much the losses were last april? |
| 04:02 |
cerelenius |
by selling options |
| 04:02 |
mjr_ |
um... |
| 04:02 |
mjr_ |
\ |
| 04:02 |
cerelenius |
no i wasnt here |
| 04:02 |
mjr_ |
but if you sell options on both sides of the train? |
| 04:02 |
mjr_ |
so you stay delta neutral? |
| 04:02 |
dignork |
PROFIT!!! |
| 04:02 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.058302 = 0.1166 BTC [-] {2} |
| 04:02 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] {2} |
| 04:02 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] {2} |
| 04:02 |
assbot |
[MPEX] [S.MPOE] 1200 @ 0.00088222 = 1.0587 BTC [-] |
| 04:02 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.11967988 = 0.4787 BTC [+] |
| 04:03 |
mjr_ |
in case you don't know |
| 04:03 |
mjr_ |
anyone can create options |
| 04:03 |
cerelenius |
like i said mircea is to clever to actually bust out |
| 04:03 |
mjr_ |
he absorbed losses that were pretty huge |
| 04:03 |
mjr_ |
last april |
| 04:03 |
cerelenius |
you ever see evidence of it? |
| 04:03 |
dignork |
mjr_ well, in reality market maker might be not delate neutral |
| 04:03 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.0583 = 0.1749 BTC [-] |
| 04:03 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 04:03 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 04:04 |
cerelenius |
infact as he ever used the blockchain to provide evidence of anything? or is it all self issued statements |
| 04:04 |
mjr_ |
well everyone got paid |
| 04:04 |
mjr_ |
so... |
| 04:04 |
mjr_ |
dignork: true |
| 04:04 |
mjr_ |
that is the goal though |
| 04:04 |
mjr_ |
but that is why the derivs market can be trillions while the actual assets are not that big |
| 04:04 |
mjr_ |
because the vast majority offset |
| 04:05 |
jurov |
http://trilema.com/2013/mpoe-april-2013-statement/ cerelenius, you can check the addresses there |
| 04:05 |
ozbot |
MPOE, April 2013 Statement pe Trilema - Un blog de Mircea Popescu. |
| 04:05 |
mjr_ |
so typically mpex bot will probaby not try go either direction, but rather move the price so it maintains a baance |
| 04:05 |
cerelenius |
jurov those are bondholder adress's |
| 04:05 |
mjr_ |
which is what we were talking about |
| 04:05 |
mjr_ |
bond holders getting paid and taking losses |
| 04:05 |
cerelenius |
im talking about payouts to whoever cleaned him for those 20k |
| 04:06 |
mjr_ |
nah, he didn't do it, and they just accepted it quietly |
| 04:06 |
cerelenius |
er -2k |
| 04:06 |
dignork |
cerelenius unless he is dead we'd probably hear from him |
| 04:06 |
mjr_ |
no fuss at all |
| 04:06 |
mjr_ |
lol |
| 04:06 |
mjr_ |
but maybe he DID steal 2k coins |
| 04:06 |
mjr_ |
and no one just thought it was worth bringing jup |
| 04:06 |
cerelenius |
thats the irony of mpex, huge btc advocate, zero useage of the blockchain to verify any of his claims |
| 04:06 |
mjr_ |
yeah he addressed that too |
| 04:07 |
cerelenius |
i mean thats what its there for |
| 04:07 |
mjr_ |
if you, you know, read anything |
| 04:07 |
mjr_ |
you'd know all this |
| 04:07 |
mjr_ |
we can hopefully bring you up to speed with enough links i guess |
| 04:07 |
cerelenius |
mjr you need to bring yourself up to speed lol |
| 04:07 |
mjr_ |
or you can just read trilema |
| 04:07 |
mjr_ |
yourself |
| 04:07 |
cerelenius |
im not concerned with mircea, as i said hes clever |
| 04:07 |
cerelenius |
you however arent |
| 04:08 |
mjr_ |
yeah, you were the one who asked if he actually paid out |
| 04:08 |
mjr_ |
not us |
| 04:08 |
mjr_ |
so... |
| 04:08 |
mjr_ |
thats why we answered you? |
| 04:08 |
cerelenius |
and nobody produced any evidence of it |
| 04:08 |
cerelenius |
you said it was kept quiet |
| 04:08 |
cerelenius |
awesome proof lol |
| 04:08 |
mjr_ |
what i meant was "i'm not worried about mircea" |
| 04:08 |
mjr_ |
did mircea pay out |
| 04:08 |
mjr_ |
those statements are not internally consistent |
| 04:08 |
cerelenius |
mjr one day your going to wake up broke and hungry, wondering what happened |
| 04:08 |
mjr_ |
lol |
| 04:08 |
dignork |
cerelenius, if mp did not pay we'd probably hear about it |
| 04:09 |
mjr_ |
you would imagine |
| 04:09 |
mjr_ |
what if no one complained about gox |
| 04:09 |
Duffer1 |
you could just ask him to sign from the cold wallet |
| 04:09 |
cerelenius |
dignork: thats my point, you cant even verify if the losses are legit. |
| 04:09 |
mjr_ |
why, the whole problem would just go away |
| 04:09 |
mjr_ |
um...we know the prices |
| 04:09 |
cerelenius |
mircea can decide if bondholders lose or win |
| 04:09 |
mjr_ |
and the options |
| 04:09 |
dub |
yall niggers gettin trolled |
| 04:09 |
cerelenius |
as he pleases |
| 04:09 |
mjr_ |
lol tell me about it du |
| 04:09 |
mjr_ |
dub |
| 04:09 |
dub |
tiberius up in dis |
| 04:09 |
mjr_ |
is it him again? |
| 04:09 |
mjr_ |
it sounded like him |
| 04:09 |
cerelenius |
im koin3d |
| 04:09 |
mjr_ |
<disagree> you are poor/young/stupid |
| 04:10 |
cerelenius |
i come in here once awhile to troll mircea |
| 04:10 |
mjr_ |
<evidence of you being wrong> well...i guess thats true <switch to subject x++> |
| 04:10 |
mjr_ |
just like tiberius |
| 04:10 |
assbot |
[HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC |
| 04:11 |
cerelenius |
how do you ignore with webchat? |
| 04:11 |
mjr_ |
lol |
| 04:11 |
mjr_ |
please |
| 04:12 |
cerelenius |
done. |
| 04:20 |
mjr_ |
so about the whole gox thing |
| 04:20 |
mjr_ |
that is pretty intersting |
| 04:20 |
mjr_ |
couple interesting theories |
| 04:21 |
Apocalyptic |
mjr_, apparently there is an acquisition going on now... |
| 04:21 |
mjr_ |
they are making it seem worse than it is, so they can bounce back upon releasing "good" news |
| 04:21 |
mjr_ |
yeah |
| 04:21 |
mjr_ |
i was involved with a few people trying to make that happen |
| 04:21 |
mjr_ |
but that was before today |
| 04:21 |
Apocalyptic |
what |
| 04:21 |
mjr_ |
i mean 100,000 verified accounts is worth something |
| 04:21 |
mjr_ |
we were reaching out to them, with some people who i won't name |
| 04:21 |
mjr_ |
but who had some contacts |
| 04:22 |
Apocalyptic |
hum, interesting |
| 04:22 |
Apocalyptic |
they declined your offer ? |
| 04:22 |
mjr_ |
but i don't know anything about it |
| 04:22 |
mjr_ |
we hadn't gotten that far |
| 04:22 |
dignork |
mjr_, gox verified accounts are usefull, but not for gox itself |
| 04:22 |
mjr_ |
yes |
| 04:22 |
mjr_ |
exactly |
| 04:22 |
mjr_ |
this is a classic case of bad management |
| 04:22 |
mjr_ |
if they were public they would have been taken over long ago |
| 04:22 |
mjr_ |
since there is a ton of unexploited value |
| 04:23 |
assbot |
[HAVELOCK] [NEOBEE] 1818 @ 0.00549983 = 9.9987 BTC [+] {8} |
| 04:23 |
mjr_ |
i mean, i never thought their shortfall would be a 3/4 of a billion bitcoins though |
| 04:23 |
mjr_ |
i mean of a billion dollars |
| 04:23 |
mjr_ |
or whatever the number is |
| 04:24 |
assbot |
[MPEX] [S.MPOE] 26300 @ 0.00088336 = 23.2324 BTC [+] {2} |
| 04:24 |
mjr_ |
but, another theory is that they were hacked and held for ransom |
| 04:25 |
Monarch03 |
guys, can I somehow filter messages from @assbot only for HAVELOCK NEOBEE trades? I dont want to see anything else on bitcoin-assets-trades |
| 04:26 |
mjr_ |
that would be a good explanation for the code appearing in their empty html page |
| 04:26 |
mjr_ |
i mean... |
| 04:26 |
mjr_ |
no one can be stupid enough to actually leave your server on and then put that into the production source code |
| 04:26 |
mjr_ |
so it is intentional by someone |
| 04:26 |
mjr_ |
one could assume that it was meant to move the bitcoin price... |
| 04:26 |
cerelenius |
mjr_: did you meet them under the buttonwood tree? |
| 04:26 |
cerelenius |
your contacts that is |
| 04:26 |
mjr_ |
some people have said there is increased buying in china...so that could be the source of a hacking attack |
| 04:27 |
mjr_ |
we mostly talk via encrypted chat |
| 04:27 |
dexX7 |
Monarch03: go to #HavelockInvestments |
| 04:28 |
dexX7 |
there is almost no one talking, so it's just you and the havelock tradefeed |
| 04:29 |
Monarch03 |
I am in #bitcoin-assets-trades for tradefeed, but i dont want to see trades of different stocks, only NEOBEE |
| 04:29 |
assbot |
[HAVELOCK] [MS] 44 @ 0.00285 = 0.1254 BTC [+] |
| 04:29 |
assbot |
[HAVELOCK] [NEOBEE] 69 @ 0.00549999 = 0.3795 BTC [+] {2} |
| 04:31 |
* |
mjr_ mute |
| 04:32 |
assbot |
[HAVELOCK] [NEOBEE] 32 @ 0.00549999 = 0.176 BTC [-] {2} |
| 04:37 |
assbot |
[HAVELOCK] [AM100] 35 @ 0.00459832 = 0.1609 BTC [+] {3} |
| |
~ 15 minutes ~ |
| 04:52 |
assbot |
[MPEX] [S.MPOE] 25522 @ 0.00088249 = 22.5229 BTC [-] {5} |
| 04:55 |
KRS-One |
;;seen vexual |
| 04:55 |
gribble |
vexual was last seen in #bitcoin-assets 1 hour, 18 minutes, and 28 seconds ago: <Vexual> its eternal |
| 04:55 |
KRS-One |
http://www.youtube.com/watch?v=lNzhY2z75GI |
| 04:55 |
ozbot |
trick daddy chevy - YouTube |
| 05:01 |
assbot |
[HAVELOCK] [NEOBEE] 59 @ 0.00549998 = 0.3245 BTC [-] {4} |
| 05:04 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.114 BTC [+] |
| 05:14 |
assbot |
[HAVELOCK] [NEOBEE] 920 @ 0.0052572 = 4.8366 BTC [-] {11} |
| 05:15 |
assbot |
[HAVELOCK] [NEOBEE] 1004 @ 0.00520049 = 5.2213 BTC [-] {4} |
| 05:16 |
assbot |
[HAVELOCK] [NEOBEE] 565 @ 0.0052 = 2.938 BTC [-] {4} |
| 05:17 |
assbot |
[HAVELOCK] [NEOBEE] 203 @ 0.00514719 = 1.0449 BTC [-] {5} |
| 05:17 |
KRS-One |
http://i.imgur.com/0sjXzpT.gif |
| 05:18 |
assbot |
[HAVELOCK] [NEOBEE] 745 @ 0.00501653 = 3.7373 BTC [-] {8} |
| 05:19 |
assbot |
[HAVELOCK] [NEOBEE] 70 @ 0.005 = 0.35 BTC [-] {2} |
| 05:21 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00500001 = 0.5 BTC [+] {3} |
| 05:22 |
assbot |
[HAVELOCK] [NEOBEE] 117 @ 0.00500001 = 0.585 BTC [+] {4} |
| 05:23 |
assbot |
[HAVELOCK] [RENT] 64 @ 0.0055 = 0.352 BTC |
| 05:23 |
assbot |
[HAVELOCK] [NEOBEE] 86 @ 0.00500001 = 0.43 BTC [+] |
| 05:24 |
assbot |
[HAVELOCK] [NEOBEE] 656 @ 0.005 = 3.28 BTC [-] {5} |
| 05:33 |
assbot |
[HAVELOCK] [NEOBEE] 185 @ 0.00543986 = 1.0064 BTC [+] {7} |
| 05:34 |
assbot |
[HAVELOCK] [NEOBEE] 344 @ 0.00544773 = 1.874 BTC [+] {3} |
| 05:35 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 05:36 |
assbot |
[MPEX] [S.MPOE] 25400 @ 0.00088072 = 22.3703 BTC [-] {3} |
| 05:36 |
assbot |
[HAVELOCK] [NEOBEE] 720 @ 0.00546882 = 3.9376 BTC [+] {7} |
| 05:38 |
assbot |
[HAVELOCK] [NEOBEE] 31 @ 0.00549998 = 0.1705 BTC [-] {2} |
| 05:41 |
Neil |
Has Gox actually said anything yet? Or is it all just 3rd parties talking? |
| 05:41 |
Neil |
I guess you can't say much when you fled Japan over the weekend. |
| 05:43 |
Neil |
Bitcoin is fucking 24*7 entertainment, all for free. |
| 05:49 |
Namworld |
MtGox hasn't said anything. |
| 05:49 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.0054997 = 0.11 BTC [-] |
| 05:50 |
Namworld |
But gox.com was recently acquired by Mark Karpeles. Blank page on mtgox.com shows this source code: |
| 05:50 |
Namworld |
<!-- put announce for mtgox acq here --> |
| 05:50 |
Namworld |
That's the only thing official. |
| 05:51 |
Namworld |
That you can see for yourself. |
| 05:51 |
Namworld |
The rest is all speculation and etc. |
| 05:51 |
Namworld |
That pretty much sums it up. |
| 05:51 |
assbot |
[HAVELOCK] [NEOBEE] 80 @ 0.0054997 = 0.44 BTC [-] |
| 05:59 |
Neil |
Fact: colleague at work had 1m JPY on MtGox, was paid to his bank account this morning |
| 05:59 |
assbot |
[HAVELOCK] [NEOBEE] 75 @ 0.00549978 = 0.4125 BTC [+] {2} |
| 06:00 |
jurov |
like they wanted to get rid of JPYs to avoid domestic litigation |
| 06:00 |
jurov |
but... what do we know |
| 06:04 |
Namworld |
yeah =/ |
| 06:08 |
assbot |
[MPEX] [S.MPOE] 28150 @ 0.00088777 = 24.9907 BTC [+] {2} |
| 06:13 |
assbot |
[HAVELOCK] [SFI] 890 @ 0.00086966 = 0.774 BTC [+] {4} |
| 06:15 |
assbot |
[HAVELOCK] [SFI] 1680 @ 0.00086994 = 1.4615 BTC [+] {4} |
| 06:19 |
assbot |
[HAVELOCK] [SFI] 800 @ 0.00087076 = 0.6966 BTC [+] {3} |
| 06:20 |
assbot |
[HAVELOCK] [SFI] 4929 @ 0.00087477 = 4.3117 BTC [+] {6} |
| 06:21 |
assbot |
[HAVELOCK] [SFI] 3282 @ 0.00088224 = 2.8955 BTC [+] {6} |
| 06:22 |
assbot |
[HAVELOCK] [SFI] 2000 @ 0.00088799 = 1.776 BTC [+] {2} |
| 06:22 |
assbot |
[MPEX] [S.MPOE] 16900 @ 0.00088552 = 14.9653 BTC [-] |
| 06:23 |
assbot |
[HAVELOCK] [SFI] 756 @ 0.000889 = 0.6721 BTC [+] |
| 06:24 |
assbot |
[HAVELOCK] [PETA] 25 @ 0.10768512 = 2.6921 BTC [-] {9} |
| 06:25 |
assbot |
[HAVELOCK] [B.SELL] 20 @ 0.11471414 = 2.2943 BTC [+] {4} |
| 06:27 |
assbot |
[HAVELOCK] [MS] 100 @ 0.00285 = 0.285 BTC [+] |
| 06:33 |
assbot |
[MPEX] [S.MPOE] 11000 @ 0.00088346 = 9.7181 BTC [-] {2} |
| 06:35 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.00549995 = 0.11 BTC [+] |
| 06:36 |
assbot |
[HAVELOCK] [NEOBEE] 99 @ 0.00549997 = 0.5445 BTC [+] |
| 06:39 |
assbot |
[HAVELOCK] [HMF] 19 @ 0.02189999 = 0.4161 BTC [+] {2} |
| 06:41 |
assbot |
[HAVELOCK] [NEOBEE] 72 @ 0.00549999 = 0.396 BTC [+] |
| 06:44 |
assbot |
[HAVELOCK] [NEOBEE] 54 @ 0.00549999 = 0.297 BTC [+] |
| 06:44 |
assbot |
[HAVELOCK] [B.MINE] 5 @ 0.06149999 = 0.3075 BTC [+] {2} |
| 06:45 |
assbot |
[HAVELOCK] [B.SELL] 5 @ 0.114899 = 0.5745 BTC [+] |
| 06:48 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.00549999 = 0.275 BTC [+] |
| 06:48 |
assbot |
[HAVELOCK] [HMF] 8 @ 0.02199999 = 0.176 BTC [+] |
| 06:48 |
assbot |
[HAVELOCK] [SFI] 244 @ 0.000889 = 0.2169 BTC [+] |
| 06:49 |
assbot |
[HAVELOCK] [HMF] 10 @ 0.02199999 = 0.22 BTC [+] {2} |
| 06:49 |
assbot |
[HAVELOCK] [SFI] 751 @ 0.000889 = 0.6676 BTC [+] |
| 06:49 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.00549999 = 0.11 BTC [+] |
| 06:50 |
assbot |
[HAVELOCK] [NEOBEE] 210 @ 0.00549999 = 1.155 BTC [+] {2} |
| 06:50 |
assbot |
[MPEX] [S.MPOE] 18650 @ 0.00088359 = 16.479 BTC [+] |
| 06:51 |
assbot |
[HAVELOCK] [NEOBEE] 137 @ 0.00549997 = 0.7535 BTC [-] |
| 06:51 |
assbot |
[HAVELOCK] [HMF] 8 @ 0.02199999 = 0.176 BTC [+] |
| 06:52 |
assbot |
[HAVELOCK] [NEOBEE] 162 @ 0.00549995 = 0.891 BTC [-] |
| 06:57 |
assbot |
[MPEX] [S.MPOE] 11101 @ 0.00088451 = 9.8189 BTC [+] |
| 07:00 |
assbot |
[HAVELOCK] [NEOBEE] 337 @ 0.00549999 = 1.8535 BTC [+] |
| 07:09 |
chetty |
http://www.eevblog.com/2014/02/24/element-14-holding-orders-based-on-us-government-watch-list/ |
| 07:09 |
ozbot |
Element 14 Holding Orders Based On US Government Watch List | EEVblog - The Electronics Engineering |
| 07:19 |
azi` |
hm.. this gox fiasco is getting more and more interesting |
| 07:22 |
jurov |
azi`: there's some new info? |
| 07:24 |
azi` |
https://www.mtgox.com/img/pdf/insolvency-Announcement.backup |
| 07:24 |
azi` |
jurov: apparently they are missing 750k coins |
| 07:24 |
jurov |
Access Denied |
| 07:25 |
azi` |
right, but it hints that they have some insovlency document? |
| 07:25 |
azi` |
err nevermind |
| 07:25 |
jurov |
https://www.mtgox.com/img/pdf/20140220-Announcement.pdf this works |
| 07:26 |
jurov |
oh that's the old one |
| 07:26 |
azi` |
anyways they stoped trading |
| 07:26 |
azi` |
i.e disabled trading |
| 07:26 |
azi` |
http://i.imgur.com/rPTRxiG.png |
| 07:26 |
azi` |
and this one is weird as well |
| 07:26 |
jurov |
yes i know. just wondered something happened in last 2 hours |
| 07:27 |
azi` |
not that i'd know |
| 07:27 |
azi` |
what you think is going to happen? |
| 07:27 |
azi` |
do you* |
| 07:28 |
jurov |
someone from gox will have enugh and leak more? karpeles will get detained or injunction issued? |
| 07:30 |
Mallstromm |
Karpeles has been spotted getting breast reduction + facial surgery. Reliable sources say he has been negotiating to buy an island in international waters |
| 07:30 |
Mallstromm |
probably looking to retire? |
| 07:31 |
jurov |
he'll be able to hide easily betwee penguins somewhere near antarctica |
| 07:32 |
chetty |
haha yeah forget injunctions, a world full of angry users .... |
| 07:33 |
cazalla |
Mallstromm do you have coins on gox? |
| 07:33 |
BingoBoingo |
;;ticker --market all |
| 07:33 |
gribble |
MtGox BTCUSD last: 135.0, vol: 47560.32477655 | Bitstamp BTCUSD last: 487.0, vol: 113337.81736716 | BTC-E BTCUSD last: 486.2, vol: 65120.41363 | Bitfinex BTCUSD last: 485.0011, vol: 90433.68727634 | CampBX BTCUSD last: 496.61, vol: 453.76762071 | BTCChina BTCUSD last: 527.459, vol: 26741.78700000 | Volume-weighted last average: 440.76722333 |
| 07:34 |
BingoBoingo |
MagicalTux has used the Gox Bitcoin to secure himself passage to the moom |
| 07:34 |
BingoBoingo |
Moom being like the Moon except actually made out of cheese. |
| 07:36 |
Mallstromm |
cazalla: do i look like a fucking retard? |
| 07:36 |
cazalla |
assumed you were due to ad hom |
| 07:36 |
Mallstromm |
of course I don't have coins of Gox. Only a retard or a poor clueless noob would have at this time |
| 07:36 |
cazalla |
only people who are making those seem to have coins there |
| 07:37 |
assbot |
[HAVELOCK] [NEOBEE] 38 @ 0.0054999 = 0.209 BTC [-] |
| 07:37 |
Mallstromm |
cazalla: I'm just having fun. I left gox for good in August after I requested a SEPA withdrawal of just 30k EUR and after 6 weeks I didn't receive it |
| 07:38 |
cazalla |
sounds like you escaped just in time |
| 07:38 |
Mallstromm |
there's only a reason for that in my book: fractional reserve. I work with banks and I know by hear that there are no "banking limits" |
| 07:38 |
Mallstromm |
if you have the money, you can move it - full stop |
| 07:38 |
assbot |
[HAVELOCK] [NEOBEE] 44 @ 0.00549999 = 0.242 BTC [+] |
| 07:38 |
cazalla |
that's why i don't feel any sympathy for those affected by this |
| 07:38 |
Mallstromm |
if you need people to wait 6 weeks before paying them... Is because you have cash-flow problems and you need to cash in before cashing out |
| 07:38 |
Mallstromm |
that for an exchange just screams insolvency |
| 07:38 |
cazalla |
i really hope they did get ganked for 750k coins |
| 07:39 |
assbot |
[MPEX] [S.MPOE] 18101 @ 0.00088451 = 16.0105 BTC [+] |
| 07:39 |
assbot |
[HAVELOCK] [B.MINE] 5 @ 0.05966402 = 0.2983 BTC [-] {2} |
| 07:39 |
assbot |
[HAVELOCK] [B.SELL] 5 @ 0.106 = 0.53 BTC [-] {2} |
| 07:39 |
assbot |
[HAVELOCK] [B.EXCH] 5 @ 0.16230094 = 0.8115 BTC [-] {2} |
| 07:39 |
Mallstromm |
cazalla: I do believe that there is a small amount of noobs/newcomers who probably just wired money to Gox because it was the best known exchange. I would have researched in forums, etc. as I did when I bought my first coins in 2012 |
| 07:40 |
cazalla |
if they didn't lose it to gox, they would've lost it to some penny stock anyway |
| 07:40 |
Mallstromm |
but I can understand some noob would just send them the money. But people that has been around for months? How come they have been caught with their pants down? |
| 07:40 |
assbot |
[HAVELOCK] [NEOBEE] 892 @ 0.00549999 = 4.906 BTC [+] {5} |
| 07:40 |
Mallstromm |
Having funds on gox was like playing russian roulette. The risk was huge, and what was the reward? |
| 07:40 |
cazalla |
i dunno, surely a noob would do research |
| 07:40 |
jurov |
for some ppl i know its like hazard |
| 07:40 |
jurov |
can't resist |
| 07:40 |
the20year1 |
the idea that maybe, just maybe they would let you wire USD or some other currency |
| 07:41 |
the20year1 |
i asked those questions 6 months ago and every sign was leading to gox insolvency |
| 07:41 |
Mallstromm |
of course. hundreds of red flags |
| 07:41 |
assbot |
[HAVELOCK] [B.MINE] 5 @ 0.05831239 = 0.2916 BTC [-] {3} |
| 07:41 |
assbot |
[HAVELOCK] [B.SELL] 5 @ 0.106 = 0.53 BTC [-] {3} |
| 07:41 |
assbot |
[HAVELOCK] [B.EXCH] 5 @ 0.16230094 = 0.8115 BTC [-] {3} |
| 07:41 |
assbot |
[MPEX] [S.MPOE] 20300 @ 0.00088451 = 17.9556 BTC [+] |
| 07:41 |
deadweasel |
ha, finally. |
| 07:41 |
the20year1 |
But for some reason daytrading on gox was important |
| 07:41 |
Mallstromm |
I meant, I was a VERY happy Gox customer. I've bought hundreds of coins on there, sub $10. I have wonderful memories of Gox |
| 07:42 |
Mallstromm |
but as soon as the red flags are raised... Its just stupid to risk your hard earned money. |
| 07:42 |
jurov |
me not |
| 07:42 |
the20year1 |
and in the past year? |
| 07:42 |
jurov |
my very first sepa deposit took over 2 weeks |
| 07:42 |
jurov |
and that was 2 years ago |
| 07:42 |
jurov |
never again |
| 07:42 |
the20year1 |
when a company takes 3 months to process a withdraw, something is wrong |
| 07:43 |
Mallstromm |
jurov: fuck. I've done at least a dozen deposits to Gox, a couple of them 6 figures of EUR -> and they arrived within one week |
| 07:43 |
assbot |
[HAVELOCK] [NEOBEE] 300 @ 0.00569229 = 1.7077 BTC [+] {5} |
| 07:43 |
Mallstromm |
jurov: seame thing about withdrawals, I had "trusted" status and everything went smooth (and by smooth I mean deposits that arrived to my bank in 2 days) until they weren't |
| 07:44 |
jurov |
also successfully used cryptoxchange, tradehill, intersango...now all gone |
| 07:44 |
Mallstromm |
what I can tell you is that as soon as I had a +6 weeks delayed withdrawal I left for good. I didn't give them a second chance. There's really no point in risking your hard earned money when the insolvency signals are so strong |
| 07:45 |
Mallstromm |
jurov: well, daytrading is risky business indeed. I only daytraded during my "accumulation" phase. Now 90% my funds are in deep cold storage and 0% of them are on third-party services.- |
| 07:45 |
jurov |
many people do need that thrill |
| 07:45 |
Mallstromm |
I just send the coins to the exchange when I reach my profit-taking targets - to sell them for good and to withdraw the fiat immediately |
| 07:45 |
cazalla |
i don't get it though, it doesn't take an intelligent person to figure out this was going to happen sooner or later minus specific details |
| 07:46 |
deadweasel |
cazalla, when did bitcoin users = intelligence? |
| 07:46 |
Mallstromm |
or, when I want to buy: just today I wired quite an amount to both Bitstamp and Kraken. I'm betting on a shitstorm happening in the media, noobs panic selling and thus I'm ready to buy all the sub-$500 coins I can |
| 07:46 |
jurov |
we tried to talk a friend out of it, he sent fiat to gox anyway 2 weeks ago anyway |
| 07:46 |
jurov |
it was irresistible for some |
| 07:46 |
Mallstromm |
but as soon as I buy the coins I'll transfer directly to cold storage. Daytrading is really not worth it IMO |
| 07:46 |
cazalla |
i would bet the average bitcoiner is more intelligent than the average joe |
| 07:46 |
deadweasel |
afaik, this chan has told people about the fractional reserve system repeatedly. |
| 07:47 |
jurov |
cazalla i would bet againt |
| 07:47 |
deadweasel |
in the bitcointalk forums too |
| 07:47 |
Mallstromm |
jurov: TheKoziTwo has wired $100k to Gox just two days ago |
| 07:47 |
chetty |
Did you see Voorhees admit he got caught with 500+ on gox? |
| 07:47 |
cazalla |
jurov: in regards to using a computer i should add |
| 07:47 |
Mallstromm |
chetty: probably 500 coins are nothing to Erik. He got paid hundred of thousands for SD |
| 07:47 |
cazalla |
chump change for him |
| 07:48 |
Mallstromm |
I mean... I also have like 0.0004 (or something like that) left on Gox. Probably 500 coins feels the same to Erik :D |
| 07:48 |
jurov |
cazalla computer ability has no relation to risk profile |
| 07:48 |
deadweasel |
are they really going to try this rebranding bullshit? |
| 07:48 |
cazalla |
deadweasel: people will line up to use it, that's the sad thing |
| 07:49 |
Mallstromm |
deadweasel: don't underestimate the general level of retardness |
| 07:50 |
jurov |
even if the leaked plan is fake, it portraits their mindset accurately |
| 07:50 |
jurov |
they must "save" the bitcoin image at all costs |
| 07:51 |
jurov |
because they are bitcoin |
| 07:51 |
deadweasel |
they need to commit hara kiri |
| 07:51 |
deadweasel |
for btc |
| 07:51 |
cazalla |
i guess the new investors assume that whatever amount of goodwill is left in the brand is valued at more than what they are paying |
| 07:52 |
jurov |
700k is very hefty amount of goodwill |
| 07:52 |
cazalla |
maybe they won't take the debts on |
| 07:53 |
assbot |
[MPEX] [S.MPOE] 10076 @ 0.00088628 = 8.9302 BTC [+] |
| 07:53 |
cazalla |
karpeles goes out the back door, new outfit in through the front, relaunch on gox.com and play the typical we are not taking on debts and only bought the assets line |
| 07:53 |
jurov |
like tradehill? i can see them trying, but dunno |
| 07:54 |
jurov |
heh thill is down |
| 07:56 |
cazalla |
maybe they'll do a bitinstant - we'll be back any moment |
| 07:56 |
assbot |
[MPEX] [S.MPOE] 16500 @ 0.00088451 = 14.5944 BTC [-] |
| 07:56 |
jurov |
oh they were already doing it |
| 07:56 |
cazalla |
glad i took the gox out of business 2014 bet now |
| 07:57 |
jurov |
i took the litecoin one |
| 07:58 |
cazalla |
n1 |
| 07:59 |
assbot |
[MPEX] [S.MPOE] 17924 @ 0.00088628 = 15.8857 BTC [+] |
| 07:59 |
azi` |
i am somehow fascinated that they still keep support on irc |
| 08:00 |
azi` |
answering patiently to querries |
| 08:00 |
azi` |
even karp appears to be on the chan |
| 08:00 |
jurov |
like, what do they say? |
| 08:00 |
azi` |
the last time i spoke they said they are fixing it but have no ETA |
| 08:01 |
azi` |
even karp is not really idle on irc |
| 08:01 |
azi` |
i would assume they'd had to run at this point already? |
| 08:01 |
deadweasel |
azi`: they are coming around again for another con. |
| 08:01 |
assbot |
[HAVELOCK] [NEOBEE] 25 @ 0.0056 = 0.14 BTC [-] |
| 08:02 |
azi` |
al this is giving me dejavu's about |
| 08:02 |
azi` |
full tilt poker when it went down |
| 08:03 |
azi` |
identic story |
| 08:04 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.00574899 = 0.2874 BTC [+] {2} |
| 08:07 |
assbot |
[HAVELOCK] [NEOBEE] 24 @ 0.00574899 = 0.138 BTC [+] |
| 08:08 |
assbot |
[HAVELOCK] [NEOBEE] 170 @ 0.00575 = 0.9775 BTC [+] {2} |
| 08:15 |
assbot |
[HAVELOCK] [PETA] 13 @ 0.11588043 = 1.5064 BTC [+] {4} |
| 08:18 |
assbot |
[HAVELOCK] [RENT] 105 @ 0.0055 = 0.5775 BTC |
| 08:19 |
cazalla |
never liked fulltilt |
| 08:19 |
cazalla |
why play anywhere else but stars |
| 08:21 |
assbot |
[HAVELOCK] [NEOBEE] 223 @ 0.00579 = 1.2912 BTC [+] |
| 08:23 |
assbot |
[HAVELOCK] [NEOBEE] 23 @ 0.00579 = 0.1332 BTC [+] {2} |
| 08:24 |
assbot |
[HAVELOCK] [NEOBEE] 178 @ 0.00579 = 1.0306 BTC [+] {2} |
| 08:28 |
deadweasel |
why gamble? |
| 08:32 |
cazalla |
it wasn't back in the day |
| 08:32 |
cazalla |
average player is much better now so it really isn't +EV |
| 08:33 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00579 = 0.579 BTC [+] |
| 08:34 |
assbot |
[HAVELOCK] [NEOBEE] 25 @ 0.00579 = 0.1448 BTC [+] |
| 08:35 |
assbot |
[MPEX] [S.MPOE] 3762 @ 0.00088704 = 3.337 BTC [+] |
| 08:35 |
assbot |
[HAVELOCK] [NEOBEE] 90 @ 0.00579 = 0.5211 BTC [+] |
| 08:39 |
assbot |
[HAVELOCK] [NEOBEE] 70 @ 0.00578 = 0.4046 BTC [-] |
| 08:44 |
assbot |
[HAVELOCK] [NEOBEE] 45 @ 0.00578 = 0.2601 BTC [-] |
| 08:50 |
assbot |
[HAVELOCK] [NEOBEE] 246 @ 0.00577953 = 1.4218 BTC [+] {2} |
| 08:52 |
assbot |
[HAVELOCK] [AM100] 80 @ 0.00449998 = 0.36 BTC [-] {4} |
| 08:53 |
BingoBoingo |
Oh, looks like Russia is taking back Crimea |
| 08:58 |
the20year1 |
ukraine? |
| 08:58 |
BingoBoingo |
Yeah |
| 08:58 |
BingoBoingo |
Also http://yro.slashdot.org/story/14/02/25/0359246/nsa-and-ghcq-employing-shills-to-poison-web-forum-discourse |
| 08:58 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00577 = 0.577 BTC [-] |
| 08:59 |
assbot |
[HAVELOCK] [NEOBEE] 114 @ 0.00577 = 0.6578 BTC [-] {2} |
| 09:02 |
assbot |
[HAVELOCK] [NEOBEE] 69 @ 0.005788 = 0.3994 BTC [+] |
| 09:03 |
assbot |
[HAVELOCK] [B.EXCH] 10 @ 0.16230094 = 1.623 BTC [-] |
| 09:03 |
assbot |
[HAVELOCK] [NEOBEE] 181 @ 0.005788 = 1.0476 BTC [+] |
| 09:04 |
assbot |
[HAVELOCK] [NEOBEE] 978 @ 0.00578852 = 5.6612 BTC [+] {3} |
| 09:09 |
chetty |
http://www.washingtonsblog.com/2014/02/british-spy-agency.html |
| 09:09 |
assbot |
[HAVELOCK] [SFI] 1107 @ 0.0008453 = 0.9357 BTC [-] {4} |
| 09:13 |
assbot |
[HAVELOCK] [NEOBEE] 244 @ 0.00579 = 1.4128 BTC [+] {2} |
| 09:13 |
assbot |
[MPEX] [S.MPOE] 17145 @ 0.00088428 = 15.161 BTC [-] {2} |
| 09:18 |
assbot |
[HAVELOCK] [CBTC] 2500 @ 0.00018944 = 0.4736 BTC [+] {7} |
| 09:23 |
assbot |
[HAVELOCK] [NEOBEE] 188 @ 0.00571787 = 1.075 BTC [-] {2} |
| 09:25 |
assbot |
[HAVELOCK] [NEOBEE] 28 @ 0.005785 = 0.162 BTC [+] {2} |
| 09:27 |
assbot |
[HAVELOCK] [B.MINE] 9 @ 0.06149977 = 0.5535 BTC [+] {3} |
| 09:27 |
assbot |
[HAVELOCK] [NEOBEE] 89 @ 0.00578981 = 0.5153 BTC [+] {3} |
| 09:30 |
assbot |
[HAVELOCK] [NEOBEE] 87 @ 0.00555666 = 0.4834 BTC [-] {3} |
| 09:33 |
assbot |
[HAVELOCK] [NEOBEE] 23 @ 0.00578999 = 0.1332 BTC [+] |
| 09:35 |
assbot |
[MPEX] [S.MPOE] 24600 @ 0.00088562 = 21.7863 BTC [+] {2} |
| 09:36 |
assbot |
[MPEX] [S.MPOE] 21000 @ 0.00088708 = 18.6287 BTC [+] {3} |
| 09:38 |
assbot |
[HAVELOCK] [NEOBEE] 117 @ 0.00578998 = 0.6774 BTC [-] |
| 09:42 |
assbot |
[HAVELOCK] [NEOBEE] 67 @ 0.0057899 = 0.3879 BTC [-] |
| 09:43 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.49799998 BTC [+] |
| 09:43 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.0057899 = 0.1158 BTC [-] |
| 09:46 |
ThickAsThieves |
http://finance.yahoo.com/news/mt-gox-ceo-karpeles-says-143955611.html |
| 09:46 |
ozbot |
Mt Gox CEO Karpeles says bitcoin exchange is at "turning point" - Yahoo Finance |
| 09:48 |
ThickAsThieves |
looking like the doc is real |
| 09:48 |
assbot |
[HAVELOCK] [NEOBEE] 19 @ 0.00551579 = 0.1048 BTC [-] {3} |
| 09:48 |
deadweasel |
how can you turn when you've smashed into the pavement after a freefall? |
| 09:49 |
ColdHardMetal |
the dead Karpeles bounce. |
| 09:49 |
assbot |
[HAVELOCK] [NEOBEE] 500 @ 0.00578405 = 2.892 BTC [+] {4} |
| 09:50 |
ThickAsThieves |
when you have a fitness ball to land on, all is good! |
| 09:50 |
assbot |
[MPEX] [S.MPOE] 2600 @ 0.00088353 = 2.2972 BTC [-] |
| 09:50 |
jurov |
but nobody actually saw anyone fell :D |
| 09:51 |
ThickAsThieves |
http://i.imgur.com/T2RudcB.gif |
| 09:51 |
jurov |
mybe golden parachutes were involved |
| 09:51 |
ThickAsThieves |
this gif will stand the test of time |
| 09:51 |
jurov |
you have seen the gox truck? |
| 09:51 |
ThickAsThieves |
yeah |
| 09:51 |
ThickAsThieves |
loved it |
| 09:53 |
ThickAsThieves |
seems like now would also be a good time for a new zhou tong jam |
| 09:54 |
ThickAsThieves |
https://btc-e.com/news/199 |
| 09:54 |
ozbot |
loading |
| 09:55 |
ThickAsThieves |
even russian mob wagging finger at goc |
| 09:55 |
ThickAsThieves |
x |
| 09:55 |
ThickAsThieves |
gocks |
| 09:58 |
assbot |
[MPEX] [S.MPOE] 18013 @ 0.00088346 = 15.9138 BTC [-] {2} |
| 10:00 |
usaoscoin |
mount cocks: http://www.reuters.com/article/2014/02/25/bitcoin-mtgox-ceo-idUSL1N0LU12G20140225 |
| 10:00 |
assbot |
[MPEX] [S.MPOE] 6900 @ 0.00088662 = 6.1177 BTC [+] |
| 10:00 |
assbot |
[HAVELOCK] [NEOBEE] 1000 @ 0.00578965 = 5.7897 BTC [+] {8} |
| 10:02 |
ThickAsThieves |
one gox.com NS record points to buy.internettraffic.com |
| 10:02 |
ThickAsThieves |
if you then search gox.com it says it's for sale |
| 10:02 |
assbot |
[HAVELOCK] [NEOBEE] 181 @ 0.00579989 = 1.0498 BTC [+] {2} |
| 10:03 |
MCM-Mike |
did you have a look at the sourcecode , of the index page? |
| 10:03 |
MCM-Mike |
<!-- put announce for mtgox acq here --> |
| 10:03 |
Apocalyptic |
old |
| 10:03 |
MCM-Mike |
ok |
| 10:04 |
assbot |
[HAVELOCK] [NEOBEE] 26 @ 0.0057999 = 0.1508 BTC [+] |
| 10:05 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.11599997 = 0.464 BTC [+] |
| 10:08 |
assbot |
[HAVELOCK] [NEOBEE] 28 @ 0.0057999 = 0.1624 BTC [+] {2} |
| 10:09 |
assbot |
[HAVELOCK] [SFI] 291 @ 0.00085481 = 0.2487 BTC [+] {2} |
| 10:10 |
assbot |
[MPEX] [S.MPOE] 7000 @ 0.00088326 = 6.1828 BTC [-] |
| 10:11 |
assbot |
[HAVELOCK] [NEOBEE] 69 @ 0.00579 = 0.3995 BTC [-] {2} |
| 10:12 |
assbot |
[MPEX] [S.MPOE] 24650 @ 0.00088274 = 21.7595 BTC [-] {2} |
| 10:13 |
assbot |
[HAVELOCK] [CBTC] 2018 @ 0.00018498 = 0.3733 BTC [-] {4} |
| 10:14 |
ThickAsThieves |
http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/ |
| 10:14 |
ozbot |
SecondMarket to launch first U.S.-based Bitcoin exchange - The Term Sheet: Fortune's deals blogTerm |
| 10:14 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.05830106 = 0.1166 BTC [-] {2} |
| 10:14 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.1085 = 0.217 BTC [+] {2} |
| 10:14 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] {2} |
| 10:15 |
ThickAsThieves |
riddled with NSA commenters |
| 10:15 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.058301 = 0.1749 BTC [-] |
| 10:15 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.107 = 0.321 BTC [-] |
| 10:16 |
assbot |
[HAVELOCK] [SFI] 227 @ 0.00085746 = 0.1946 BTC [+] {2} |
| 10:16 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.058301 = 0.1166 BTC [-] {2} |
| 10:17 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.1065 = 0.213 BTC [-] {2} |
| 10:17 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] {2} |
| 10:17 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.005799 = 0.116 BTC [+] |
| 10:18 |
assbot |
[HAVELOCK] [SFI] 300 @ 0.000865 = 0.2595 BTC [+] |
| 10:19 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0583 = 0.1166 BTC [-] |
| 10:19 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 10:19 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 10:21 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0583 = 0.1166 BTC [-] |
| 10:21 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 10:21 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 10:24 |
assbot |
[MPEX] [S.MPOE] 13102 @ 0.00088111 = 11.5443 BTC [-] {2} |
| 10:24 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0583 = 0.1166 BTC [-] |
| 10:24 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 10:24 |
ThickAsThieves |
people are so dumb, i have 3 voicemails from a webhosting client asking for my email address, my domain for the business is literally just a logo and an email address |
| 10:25 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 10:25 |
assbot |
[MPEX] [S.MPOE] 647 @ 0.0008801 = 0.5694 BTC [-] |
| 10:25 |
ThickAsThieves |
"Dear MtGox Customers, |
| 10:25 |
ThickAsThieves |
In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly. |
| 10:25 |
ThickAsThieves |
Best regards, |
| 10:25 |
ThickAsThieves |
MtGox Team" |
| 10:26 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0583 = 0.1166 BTC [-] |
| 10:26 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 10:26 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 10:27 |
assbot |
[HAVELOCK] [NEOBEE] 22 @ 0.0057999 = 0.1276 BTC [+] |
| 10:27 |
assbot |
[MPEX] [S.MPOE] 31998 @ 0.0008795 = 28.1422 BTC [-] {2} |
| 10:27 |
Jere_Jones_ |
ThickAsThieves Where's that from? |
| 10:27 |
cazalla |
what does that even mean |
| 10:27 |
cazalla |
Jere_Jones_:mtgox.com |
| 10:28 |
assbot |
[MPEX] [S.MPOE] 6102 @ 0.00087836 = 5.3598 BTC [-] |
| 10:28 |
jurov |
prolly copied verbatim from some bezzle manual |
| 10:28 |
jurov |
like previous announcements |
| 10:28 |
Jere_Jones_ |
This whole thing makes no sense unless Mark decided to run and the rest of the team is trying to pick up the pieces. |
| 10:29 |
assbot |
[HAVELOCK] [NEOBEE] 34 @ 0.0057999 = 0.1972 BTC [+] |
| 10:29 |
cazalla |
too well known to run |
| 10:29 |
ThickAsThieves |
it's a big world |
| 10:30 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.11599997 = 0.464 BTC [+] |
| 10:30 |
cazalla |
he doesn't look the type to be willing or capable to rough it out for a bit |
| 10:31 |
assbot |
[HAVELOCK] [PETA] 7 @ 0.11599998 = 0.812 BTC [+] {2} |
| 10:32 |
assbot |
[HAVELOCK] [PETA] 5 @ 0.11688888 = 0.5844 BTC [+] |
| 10:33 |
ThickAsThieves |
btc-e is down |
| 10:35 |
assbot |
[MPEX] [S.MPOE] 36400 @ 0.00087792 = 31.9563 BTC [-] {2} |
| 10:35 |
ThickAsThieves |
havelock too |
| 10:35 |
ThickAsThieves |
gonna be a ddos-y day! |
| 10:36 |
mike_c |
love those days. bitcoincharts down yet? |
| 10:36 |
mike_c |
shockingly no. |
| 10:37 |
Jere_Jones_ |
Havelock is working fine from here |
| 10:38 |
Apocalyptic |
x-bt is fine though |
| 10:39 |
assbot |
[HAVELOCK] [NEOBEE] 75 @ 0.0057999 = 0.435 BTC [+] |
| 10:39 |
mike_c |
knock on wood quick |
| 10:40 |
assbot |
[HAVELOCK] [NEOBEE] 19 @ 0.005799 = 0.1102 BTC [-] {2} |
| 10:42 |
ThickAsThieves |
holy crap |
| 10:42 |
ThickAsThieves |
tsla at $250 |
| 10:43 |
assbot |
[HAVELOCK] [PETA] 2 @ 0.11749998 = 0.235 BTC [+] |
| 10:43 |
taub_ |
ahhhhhh |
| 10:43 |
taub_ |
lmao |
| 10:43 |
taub_ |
what the fuck |
| 10:43 |
taub_ |
so |
| 10:43 |
taub_ |
mtgox is dead for real now |
| 10:44 |
assbot |
[HAVELOCK] [PETA] 2 @ 0.11749998 = 0.235 BTC [+] |
| 10:44 |
Apocalyptic |
https://www.mtgox.com/ |
| 10:44 |
ozbot |
MtGox.com loading |
| 10:44 |
Apocalyptic |
they have put a ... useless annoucement |
| 10:45 |
ThickAsThieves |
yep |
| 10:45 |
ThickAsThieves |
again, how can a biz issue PR with no clear message |
| 10:45 |
Apocalyptic |
^ |
| 10:45 |
Apocalyptic |
but it's gox so anything is possible at this point |
| 10:46 |
taub_ |
fuck'em |
| 10:47 |
taub_ |
hope people get their money out if they still have some in it |
| 10:49 |
jayk |
mtgox probably had been cashing out coins all along til they ran out |
| 10:50 |
assbot |
[HAVELOCK] [NEOBEE] 35 @ 0.005797 = 0.2029 BTC [-] |
| 10:51 |
jborkl_ |
I was on RTBTC trading when they locked it - it was exactly 8:00 on the dot my time - roughly 15 minutes later they took down the site (if you tried to trade it said trading disabled) |
| 10:52 |
assbot |
[HAVELOCK] [NEOBEE] 61 @ 0.005797 = 0.3536 BTC [-] {2} |
| 10:52 |
jborkl_ |
the price was getting hammered and volume was getting thin, so take what you want from that |
| 10:53 |
assbot |
[HAVELOCK] [NEOBEE] 285 @ 0.005797 = 1.6521 BTC [-] |
| 10:54 |
jborkl_ |
the price was getting knocked both ways very quickly due to the thin order book |
| 10:54 |
Apocalyptic |
https://btc-e.com/api/2/ltc_btc/ticker |
| 10:54 |
Apocalyptic |
ticker is up though |
| 10:54 |
ThickAsThieves |
LTC is gonna die I think |
| 10:55 |
ThickAsThieves |
i don't think it's got a strong enough signal in all the altcoin noise |
| 10:56 |
jborkl_ |
Tat, I think you are right on |
| 10:58 |
assbot |
[HAVELOCK] [NEOBEE] 86 @ 0.00579747 = 0.4986 BTC [+] {2} |
| 11:00 |
assbot |
[HAVELOCK] [CFIG] 1 @ 0.13144999 BTC [+] |
| 11:01 |
assbot |
[HAVELOCK] [NEOBEE] 179 @ 0.00579783 = 1.0378 BTC [+] {2} |
| 11:02 |
ThickAsThieves |
http://www.aljazeera.com/news/europe/2014/02/facebook-chief-depicted-as-hook-nosed-octopus-201422514549661383.html |
| 11:02 |
ozbot |
Facebook chief depicted as hook-nosed octopus - Europe - Al Jazeera English |
| 11:03 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.11749997 BTC [-] |
| 11:03 |
assbot |
[HAVELOCK] [NEOBEE] 3000 @ 0.00589228 = 17.6768 BTC [+] {10} |
| 11:03 |
ThickAsThieves |
neo gonna hit 6 it seems |
| 11:04 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.0058 = 0.174 BTC [-] |
| 11:05 |
assbot |
[HAVELOCK] [NEOBEE] 428 @ 0.00589955 = 2.525 BTC [+] {4} |
| 11:06 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.0059001 = 0.177 BTC [+] |
| 11:07 |
assbot |
[HAVELOCK] [NEOBEE] 3000 @ 0.00596134 = 17.884 BTC [+] {9} |
| 11:09 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 11:11 |
assbot |
[HAVELOCK] [PETA] 3 @ 0.11749997 = 0.3525 BTC [-] |
| 11:12 |
assbot |
[HAVELOCK] [PETA] 22 @ 0.1175 = 2.585 BTC [+] {2} |
| 11:15 |
assbot |
[HAVELOCK] [AM100] 40 @ 0.00465 = 0.186 BTC [+] {2} |
| 11:15 |
assbot |
[HAVELOCK] [B.MINE] 10 @ 0.06149998 = 0.615 BTC [+] {2} |
| 11:19 |
assbot |
[HAVELOCK] [AM100] 45 @ 0.00464745 = 0.2091 BTC [-] |
| 11:19 |
assbot |
[HAVELOCK] [B.MINE] 10 @ 0.0615 = 0.615 BTC [+] |
| 11:21 |
KRS-One |
http://imgur.com/g1kk0Gi |
| 11:21 |
ozbot |
imgur: the simple image sharer |
| 11:22 |
assbot |
[HAVELOCK] [B.MINE] 11 @ 0.06195454 = 0.6815 BTC [+] {3} |
| 11:22 |
ThickAsThieves |
why a screenshot? |
| 11:23 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.0615 = 0.1845 BTC [-] {2} |
| 11:23 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.10600001 = 0.318 BTC [+] {2} |
| 11:23 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] {2} |
| 11:25 |
assbot |
[HAVELOCK] [B.MINE] 4 @ 0.0615 = 0.246 BTC [-] |
| 11:25 |
assbot |
[HAVELOCK] [B.SELL] 4 @ 0.106 = 0.424 BTC [-] |
| 11:25 |
assbot |
[HAVELOCK] [B.EXCH] 4 @ 0.16230094 = 0.6492 BTC [-] |
| 11:26 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 11:26 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0615 = 0.123 BTC [-] |
| 11:26 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 11:26 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.00597899 = 0.1794 BTC [+] {2} |
| 11:27 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.06125001 = 0.1225 BTC [-] |
| 11:27 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 11:27 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 11:29 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.106 BTC [-] |
| 11:29 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 11:30 |
mike_c |
!t h rent |
| 11:30 |
assbot |
[HAVELOCK:RENT] 1D: 0.00550000 / 0.0055 / 0.00550000 (2771 shares, 15.24050000 BTC), 7D: 0.00550000 / 0.0055 / 0.00550000 (6234 shares, 34.28700000 BTC), 30D: 0.00550000 / 0.0055 / 0.00550000 (39460 shares, 217.03000000 BTC) |
| 11:30 |
assbot |
[HAVELOCK] [NEOBEE] 31 @ 0.005979 = 0.1853 BTC [+] |
| 11:32 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.46510003 BTC [-] |
| 11:33 |
assbot |
[HAVELOCK] [NEOBEE] 111 @ 0.0058012 = 0.6439 BTC [-] {3} |
| 11:33 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 11:33 |
assbot |
[HAVELOCK] [B.SELL] 12 @ 0.106 = 1.272 BTC [-] |
| 11:34 |
dexX7 |
KRS-One: is this personalized? i don't even see a picture.. only text links somewhere inbetween.. "More woe for Bitcoin exchange Mt.Gox" + "U.S.-based Bitcoin exchange coming" |
| 11:35 |
thestringpuller |
there are already 3 us exchanges |
| 11:35 |
thestringpuller |
campbx, coinbase, and coinlab |
| 11:35 |
thestringpuller |
the 3 c's |
| 11:36 |
assbot |
[HAVELOCK] [B.MINE] 6 @ 0.06125 = 0.3675 BTC [-] |
| 11:36 |
assbot |
[HAVELOCK] [B.SELL] 6 @ 0.106 = 0.636 BTC [-] |
| 11:36 |
assbot |
[HAVELOCK] [B.EXCH] 6 @ 0.16230094 = 0.9738 BTC [-] |
| 11:36 |
dexX7 |
coinlab? they are still promoting the mining failure on their website |
| 11:36 |
davout |
coinlab isn't an exchange |
| 11:36 |
davout |
neither is coinbase strictly speaking |
| 11:36 |
Duffer1 |
campbx is still alive? |
| 11:36 |
davout |
Duffer1: looks like it's surviving, sort of |
| 11:37 |
ThickAsThieves |
i thought campbx got banxed |
| 11:37 |
davout |
not sure here |
| 11:37 |
assbot |
[MPEX] [S.MPOE] 34749 @ 0.00087769 = 30.4988 BTC [-] {3} |
| 11:37 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.06249548 = 0.125 BTC [+] |
| 11:37 |
davout |
they report 500 BTC volume on bcharts |
| 11:38 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.00580118 = 0.116 BTC [-] |
| 11:39 |
assbot |
[MPEX] [S.MPOE] 18250 @ 0.00088173 = 16.0916 BTC [+] |
| 11:40 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.0058012 = 0.174 BTC [+] |
| 11:41 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.06249548 = 0.125 BTC [+] |
| 11:42 |
dexX7 |
speaking of us bitcoin business. i'm somehow impressed about circle. came out of nothing, did nothing till now, but allaire participated as witness at the senate hearing, they joined the circle against gox etc.. |
| 11:42 |
assbot |
[HAVELOCK] [DEALCO] 25 @ 0.0053252 = 0.1331 BTC [+] {2} |
| 11:43 |
dexX7 |
and today again on bloomberg: http://www.businessweek.com/videos/2014-02-25/can-mt-dot-gox-failure-be-a-positive-for-bitcoin |
| 11:44 |
assbot |
[HAVELOCK] [NEOBEE] 63 @ 0.00580119 = 0.3655 BTC [-] |
| 11:45 |
pigeons |
why is circle doing nothing impressive? |
| 11:45 |
assbot |
[HAVELOCK] [NEOBEE] 43 @ 0.00580119 = 0.2495 BTC [-] |
| 11:45 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.061252 = 0.1838 BTC [-] |
| 11:45 |
assbot |
[HAVELOCK] [B.SELL] 5 @ 0.1065 = 0.5325 BTC [+] {2} |
| 11:45 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 11:45 |
thestringpuller |
because they don't skateboard |
| 11:45 |
pigeons |
use a skate go to prison |
| 11:45 |
thestringpuller |
!ticker B.EXCH |
| 11:45 |
assbot |
I don't give a shit who saw what and who did what or who did who. |
| 11:46 |
Jere_Jones_ |
lol |
| 11:46 |
thestringpuller |
!ticker h B.EXCH |
| 11:46 |
assbot |
[HAVELOCK:B.EXCH] 1D: 0.16230094 / 0.16230094 / 0.16230094 (212 shares, 34.40779928 BTC), 7D: 0.16230094 / 0.16230094 / 0.16230094 (678 shares, 110.04003732 BTC), 30D: 0.02010015 / 0.19616302 / 0.24310363 (2798 shares, 548.86413075 BTC) |
| 11:46 |
thestringpuller |
sorry assbot :P |
| 11:46 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.06125 = 0.1838 BTC [-] |
| 11:46 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 11:46 |
thestringpuller |
such low volume |
| 11:46 |
thestringpuller |
!ticker h B.MINE |
| 11:46 |
assbot |
[HAVELOCK:B.MINE] 1D: 0.05700000 / 0.06012384 / 0.06249548 (393 shares, 23.62866718 BTC), 7D: 0.05700000 / 0.0617085 / 0.06849999 (1174 shares, 72.44577658 BTC), 30D: 0.05610001 / 0.08000289 / 0.44000000 (3256 shares, 260.48939362 BTC) |
| 11:46 |
thestringpuller |
!ticker h B.SELL |
| 11:46 |
assbot |
[HAVELOCK:B.SELL] 1D: 0.10101010 / 0.10790614 / 0.11489900 (156 shares, 16.83335801 BTC), 7D: 0.08500000 / 0.10273955 / 0.11489900 (358 shares, 36.78075930 BTC), 30D: 0.06000001 / 0.11423134 / 0.14990000 (1939 shares, 221.49456512 BTC) |
| 11:47 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.06125 = 0.1838 BTC [-] {2} |
| 11:47 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 11:47 |
assbot |
[MPEX] [S.MPOE] 14400 @ 0.0008822 = 12.7037 BTC [+] {2} |
| 11:47 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 11:47 |
assbot |
[HAVELOCK] [NEOBEE] 77 @ 0.00580119 = 0.4467 BTC [-] |
| 11:47 |
thestringpuller |
pigeons: are you saying all skaters and rappers are delinquents and should be locked up? |
| 11:47 |
thestringpuller |
Wu-Tang has better financial services than Gox :P |
| 11:48 |
pigeons |
not should. its a saying from the 80s |
| 11:48 |
assbot |
[HAVELOCK] [NEOBEE] 206 @ 0.00580119 = 1.195 BTC [-] {2} |
| 11:48 |
thestringpuller |
oh I'm too young to get the reference then |
| 11:48 |
thestringpuller |
i didn't know about the beastie boys until 2002 |
| 11:48 |
pigeons |
:) |
| 11:49 |
pigeons |
its an exaggeration on the supposed oppression of skateboarding |
| 11:49 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.06125 = 0.1838 BTC [-] |
| 11:49 |
assbot |
[HAVELOCK] [B.EXCH] 69 @ 0.16230094 = 11.1988 BTC [-] {2} |
| 11:49 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 11:52 |
gx |
https://www.youtube.com/watch?v=T3imSKAvgmY |
| 11:52 |
ozbot |
A brief history of the DOW jones - YouTube |
| 11:54 |
ThickAsThieves |
http://rt.com/usa/georgia-confederate-license-plate-787/ |
| 11:54 |
ThickAsThieves |
“We believe that everyone has the right to preserve their heritage” |
| 11:54 |
thestringpuller |
oh ThickAsThieves my friend started a Bitcoin business in Tifton |
| 11:54 |
thestringpuller |
lolol |
| 11:55 |
thestringpuller |
as an experiment to see if he can educate the local populace |
| 11:57 |
ThickAsThieves |
he'll regret it |
| 11:57 |
ThickAsThieves |
educating the populace is a thankless, stress-inducing task |
| 11:57 |
chetty |
http://www.americanbanker.com/magazine/124_02/why-bitcoin-matters-for-bankers-1065590-1.html |
| 11:57 |
ozbot |
Why Bitcoin Matters for Bankers - American Banker Magazine Article |
| 11:58 |
deadweasel |
I would liek this on my plates: http://en.wikipedia.org/wiki/Come_and_take_it |
| 11:59 |
ThickAsThieves |
"but it was once nearly as important a port as Savannah[according to whom?]" |
| 11:59 |
ThickAsThieves |
hehe |
| 11:59 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.06125 = 0.1838 BTC [-] |
| 11:59 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 11:59 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 11:59 |
assbot |
[HAVELOCK] [B.MINE] [PAID] 2.30274502 BTC to 2`866 shares, 80347 satoshi per share |
| 12:02 |
ThickAsThieves |
http://www.sfweekly.com/2014-02-19/news/evolution-of-protest-google-tech-bus-apple/full/ |
| 12:02 |
ozbot |
The Evolution of Protest: The Bay Area Has Been Shaped by Dissent, But No One Can Stand in the Way o |
| 12:02 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 12:03 |
assbot |
[MPEX] [S.MPOE] 12800 @ 0.00088119 = 11.2792 BTC [-] |
| 12:03 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.06125 = 0.1225 BTC [-] |
| 12:04 |
assbot |
[HAVELOCK] [B.SELL] 18 @ 0.106 = 1.908 BTC [-] {2} |
| 12:06 |
assbot |
[HAVELOCK] [B.MINE] 6 @ 0.06249513 = 0.375 BTC [+] {3} |
| 12:06 |
assbot |
[HAVELOCK] [NEOBEE] 636 @ 0.0058008 = 3.6893 BTC [-] {3} |
| 12:07 |
assbot |
[HAVELOCK] [NEOBEE] 21 @ 0.00580118 = 0.1218 BTC [+] {2} |
| 12:12 |
assbot |
[HAVELOCK] [B.MINE] 4 @ 0.0610002 = 0.244 BTC [-] {2} |
| 12:12 |
assbot |
[HAVELOCK] [B.SELL] 4 @ 0.106 = 0.424 BTC [-] {2} |
| 12:12 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 12:12 |
assbot |
[HAVELOCK] [NEOBEE] 234 @ 0.00580119 = 1.3575 BTC [+] {3} |
| 12:13 |
assbot |
[HAVELOCK] [B.MINE] 68 @ 0.05997501 = 4.0783 BTC [-] {9} |
| 12:13 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.106 = 0.212 BTC [-] |
| 12:13 |
assbot |
[HAVELOCK] [B.EXCH] 6 @ 0.16230094 = 0.9738 BTC [-] {3} |
| 12:14 |
assbot |
[HAVELOCK] [NEOBEE] 53 @ 0.0058012 = 0.3075 BTC [+] |
| 12:14 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.1175 = 0.47 BTC [+] |
| 12:16 |
assbot |
[HAVELOCK] [B.EXCH] 14 @ 0.16230094 = 2.2722 BTC [-] |
| 12:17 |
assbot |
[HAVELOCK] [NEOBEE] 1017 @ 0.00597995 = 6.0816 BTC [+] {6} |
| 12:18 |
assbot |
[HAVELOCK] [NEOBEE] 515 @ 0.00597998 = 3.0797 BTC [+] {3} |
| 12:21 |
assbot |
[HAVELOCK] [NEOBEE] 150 @ 0.00597989 = 0.897 BTC [-] |
| 12:21 |
assbot |
[MPEX] [S.MPOE] 11984 @ 0.00088265 = 10.5777 BTC [+] |
| 12:21 |
assbot |
[HAVELOCK] [B.SELL] 7 @ 0.11478468 = 0.8035 BTC [+] {4} |
| 12:23 |
assbot |
[HAVELOCK] [NEOBEE] 762 @ 0.00597994 = 4.5567 BTC [+] {2} |
| 12:24 |
assbot |
[HAVELOCK] [NEOBEE] 457 @ 0.00597989 = 2.7328 BTC [-] {5} |
| 12:26 |
assbot |
[HAVELOCK] [B.MINE] 17 @ 0.0582 = 0.9894 BTC [-] {3} |
| 12:26 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.10896699 = 0.3269 BTC [-] {2} |
| 12:26 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 12:27 |
assbot |
[HAVELOCK] [B.MINE] 4 @ 0.0582 = 0.2328 BTC [-] {3} |
| 12:27 |
assbot |
[HAVELOCK] [B.SELL] 4 @ 0.1060075 = 0.424 BTC [-] {3} |
| 12:27 |
assbot |
[HAVELOCK] [B.EXCH] 4 @ 0.16230094 = 0.6492 BTC [-] {3} |
| 12:29 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 12:29 |
wao-ender |
v0v |
| 12:31 |
assbot |
[MPEX] [S.MPOE] 1963 @ 0.00088397 = 1.7352 BTC [+] |
| 12:31 |
assbot |
[HAVELOCK] [NEOBEE] 63 @ 0.00597989 = 0.3767 BTC [-] {2} |
| 12:31 |
assbot |
[HAVELOCK] [B.EXCH] 5 @ 0.16230094 = 0.8115 BTC [-] |
| 12:34 |
assbot |
[HAVELOCK] [B.EXCH] 18 @ 0.16230094 = 2.9214 BTC [-] |
| 12:34 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.0582 = 0.1746 BTC [-] |
| 12:35 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 12:36 |
assbot |
[HAVELOCK] [NEOBEE] 58 @ 0.00598 = 0.3468 BTC [+] |
| 12:40 |
moiety |
mew? |
| 12:41 |
nubbins` |
hi |
| 12:41 |
moiety |
nubbins`: i think they have died from laughing at gox |
| 12:42 |
nubbins` |
people knew it was a bad idea but they put their coins there anyway |
| 12:42 |
nubbins` |
;;seen mike_c |
| 12:42 |
gribble |
mike_c was last seen in #bitcoin-assets 1 hour, 12 minutes, and 34 seconds ago: <mike_c> !t h rent |
| 12:42 |
mike_c |
hey |
| 12:43 |
moiety |
hi mike |
| 12:43 |
mike_c |
hello! |
| 12:44 |
nubbins` |
heyo |
| 12:44 |
nubbins` |
mike_c, lurk in #eulora |
| 12:44 |
assbot |
[HAVELOCK] [NEOBEE] 84 @ 0.00598 = 0.5023 BTC [+] {2} |
| 12:44 |
nubbins` |
[14:13:29] <nubbins`> down to only two errors when executing jam on osx, related to duplicate symbols in libfparser |
| 12:44 |
nubbins` |
[14:14:05] <nubbins`> had some issues with the Breakpad stuff so ended up commenting it all out for now |
| 12:44 |
mike_c |
2 errors! of course, the last two are always the worst. |
| 12:45 |
nubbins` |
nod |
| 12:45 |
assbot |
[HAVELOCK] [NEOBEE] 78 @ 0.00598 = 0.4664 BTC [+] {2} |
| 12:46 |
assbot |
[HAVELOCK] [NEOBEE] 147 @ 0.00598 = 0.8791 BTC [+] {2} |
| 12:49 |
assbot |
[HAVELOCK] [NEOBEE] 850 @ 0.00598 = 5.083 BTC [+] |
| 12:49 |
nubbins` |
ah fuck, hot water heater is busted |
| 12:50 |
assbot |
[HAVELOCK] [NEOBEE] 22 @ 0.00598 = 0.1316 BTC [+] {2} |
| 12:50 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.49377998 BTC [+] |
| 12:55 |
assbot |
[HAVELOCK] [PETA] 41 @ 0.1175 = 4.8175 BTC [+] |
| 12:56 |
assbot |
[HAVELOCK] [NEOBEE] 25 @ 0.00582646 = 0.1457 BTC [-] {4} |
| 12:56 |
assbot |
[HAVELOCK] [CFIG] 3 @ 0.13099999 = 0.393 BTC [-] |
| 12:57 |
assbot |
[HAVELOCK] [SFI] 320 @ 0.00088509 = 0.2832 BTC [-] |
| 13:01 |
assbot |
[HAVELOCK] [NEOBEE] 32 @ 0.00597999 = 0.1914 BTC [+] {2} |
| 13:07 |
assbot |
[MPEX] [S.MPOE] 6950 @ 0.00088119 = 6.1243 BTC [-] |
| 13:08 |
assbot |
[HAVELOCK] [PETA] 18 @ 0.1175 = 2.115 BTC [+] |
| 13:09 |
benkay |
is the world less insane today, boys? |
| 13:09 |
nubbins` |
;;seen nubbins` |
| 13:09 |
gribble |
nubbins` was last seen in #bitcoin-assets 19 minutes and 48 seconds ago: <nubbins`> ah fuck, hot water heater is busted |
| 13:09 |
nubbins` |
NO ;( |
| 13:10 |
assbot |
[HAVELOCK] [NEOBEE] 167 @ 0.00598 = 0.9987 BTC [+] |
| 13:13 |
* |
moiety coughs and looks at benkay |
| 13:13 |
benkay |
lo moiety |
| 13:13 |
benkay |
lo - a wild moiety! |
| 13:14 |
BingoBoingo |
;;seen MtGox |
| 13:14 |
gribble |
I have not seen MtGox. |
| 13:14 |
moiety |
:) lol and nope the world is not less crazy today benkay! |
| 13:14 |
BingoBoingo |
;;ticker --market all |
| 13:14 |
moiety |
lolol BingoBoingo |
| 13:14 |
gribble |
MtGox BTCUSD last: 135.0, vol: 36552.87216276 | Bitstamp BTCUSD last: 508.0, vol: 114074.61626242 | BTC-E BTCUSD last: 512.687, vol: 72239.04597 | Bitfinex BTCUSD last: 509.24, vol: 99344.6243518 | CampBX BTCUSD last: 540.01, vol: 504.57606884 | BTCChina BTCUSD last: 530.269393, vol: 27708.25900000 | Volume-weighted last average: 472.216913778 |
| 13:14 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00581117 = 0.5811 BTC [-] {4} |
| 13:15 |
benkay |
gox is dead, correct? dead dead? |
| 13:15 |
BingoBoingo |
benkay: Indeed |
| 13:16 |
TomServo |
no, no, it's a "turning point" :P |
| 13:16 |
BingoBoingo |
Proposal, since Gox last will now always be 135, Instead of Quoting BTC/USD in terms of dollars, it should hence forth be quoted as a percentage of Gox last. |
| 13:16 |
assbot |
[HAVELOCK] [AM1] 2 @ 0.49377998 = 0.9876 BTC [+] |
| 13:16 |
assbot |
[HAVELOCK] [COG] 2 @ 0.06250047 = 0.125 BTC [+] |
| 13:18 |
BingoBoingo |
MagicalTux has gone to the Moon where he hides in exile with the Doge creators, Trendon Shavers, and Usagi |
| 13:22 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.10600001 = 0.212 BTC [+] |
| 13:24 |
assbot |
[HAVELOCK] [SFI] 200 @ 0.00088509 = 0.177 BTC [-] |
| 13:26 |
moiety |
they have even taken the office plants i hear |
| 13:27 |
BingoBoingo |
http://arstechnica.com/security/2014/02/four-days-in-and-still-no-patch-for-os-x-critical-goto-fail-bug/ |
| 13:29 |
pankkake |
apple left the "get your phone rooted by a pdf" bug open for a month, so, nothing new |
| 13:30 |
pankkake |
also, the java flaw, for months |
| 13:30 |
BingoBoingo |
Sure. |
| 13:32 |
cads |
hey what's a better channel than #math to talk about quantitative stuff? |
| 13:34 |
cads |
I have a question about the basic black scholes model |
| 13:35 |
assbot |
[HAVELOCK] [NEOBEE] 165 @ 0.00580119 = 0.9572 BTC [-] {3} |
| 13:36 |
cads |
I'm looking at the definition of geometric brownian motion as the sum of a normal brownian motion and a drift function, and I'm having a hard time believing it actually lets us model real world stocks. |
| 13:37 |
assbot |
[HAVELOCK] [RENT] 35 @ 0.0055 = 0.1925 BTC |
| 13:38 |
cads |
but one of the basic assumptions of the black scholes options valuation model is that the stocks are geometric brownian motions. |
| 13:38 |
assbot |
[HAVELOCK] [NEOBEE] 40 @ 0.00597895 = 0.2392 BTC [+] {2} |
| 13:39 |
ThickAsThieves |
http://i.imgur.com/2b8Fec3.jpg |
| 13:40 |
assbot |
[HAVELOCK] [NEOBEE] 42 @ 0.00597895 = 0.2511 BTC [+] {2} |
| 13:40 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 13:40 |
cads |
so I guess this leads to efforts to quantify and estimate the actual brownian "volatility" in a given stock, given past observations. |
| 13:41 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.117 BTC [-] |
| 13:43 |
assbot |
[HAVELOCK] [NEOBEE] 37 @ 0.00597896 = 0.2212 BTC [-] {3} |
| 13:44 |
cads |
What gets me is that the other assumptions, like no arbitrage or market friction. seem reasonable and we might expect to weaken the assumptions later. |
| 13:45 |
assbot |
[HAVELOCK] [NEOBEE] 163 @ 0.00597895 = 0.9746 BTC [-] {3} |
| 13:46 |
cads |
but when it comes to what actually creates the knowledge of the history, we have a brownian motion. |
| 13:46 |
benkay |
cads ##econometrics |
| 13:48 |
assbot |
[HAVELOCK] [CBTC] 1571 @ 0.00017226 = 0.2706 BTC [-] {11} |
| 13:48 |
assbot |
[HAVELOCK] [NEOBEE] 59 @ 0.00597896 = 0.3528 BTC [+] |
| 13:49 |
assbot |
[HAVELOCK] [NEOBEE] 25 @ 0.00597897 = 0.1495 BTC [+] {2} |
| 13:50 |
assbot |
[HAVELOCK] [AM100] 40 @ 0.00465 = 0.186 BTC [+] |
| 13:51 |
assbot |
[HAVELOCK] [HMF] 5 @ 0.02199999 = 0.11 BTC [+] |
| 13:53 |
assbot |
[HAVELOCK] [NEOBEE] 265 @ 0.00597895 = 1.5844 BTC [-] {2} |
| 13:55 |
ThickAsThieves |
http://www.theverge.com/2014/2/25/5446534/apple-patches-ssl-security-vulnerability-osx |
| 13:55 |
ozbot |
Apple issues fix for major security flaw on OS X | The Verge |
| 13:57 |
assbot |
[HAVELOCK] [NEOBEE] 112 @ 0.00597899 = 0.6696 BTC [+] {2} |
| 14:01 |
nubbins` |
lovely |
| 14:01 |
nubbins` |
wonder will they fix their implementation of clang next ;p |
| 14:02 |
assbot |
[HAVELOCK] [CBTC] 1884 @ 0.00018548 = 0.3494 BTC [+] |
| 14:04 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.47000211 BTC [-] |
| 14:05 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.47000201 BTC [-] |
| 14:07 |
assbot |
[HAVELOCK] [CFIG] 5 @ 0.13099999 = 0.655 BTC [-] |
| 14:10 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.00597898 = 0.1196 BTC [+] |
| 14:10 |
assbot |
[HAVELOCK] [SFI] 618 @ 0.00088509 = 0.547 BTC [-] |
| 14:13 |
assbot |
[HAVELOCK] [AM100] 69 @ 0.00464745 = 0.3207 BTC [-] |
| 14:14 |
twizt |
lol |
| 14:14 |
twizt |
http://imgur.com/xMeW43a |
| 14:14 |
ozbot |
The Incompetence of MT GOX-How it all began - Imgur |
| 14:15 |
Duffer1 |
so security very wow |
| 14:15 |
twizt |
i dunno y people advocate for web apps |
| 14:15 |
TomServo |
Isn't that Jed? |
| 14:15 |
davout |
just ftr that was jed, not karpy |
| 14:15 |
twizt |
the most unsecure crap ever |
| 14:17 |
assbot |
[HAVELOCK] [NEOBEE] 51 @ 0.00597897 = 0.3049 BTC [-] {2} |
| 14:19 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.05935 = 0.1187 BTC [+] {2} |
| 14:19 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.10600001 BTC [+] |
| 14:19 |
assbot |
[HAVELOCK] [NEOBEE] 110 @ 0.00597897 = 0.6577 BTC [-] |
| 14:20 |
assbot |
[HAVELOCK] [B.MINE] 6 @ 0.058405 = 0.3504 BTC [-] {4} |
| 14:20 |
assbot |
[HAVELOCK] [B.SELL] 6 @ 0.106 = 0.636 BTC [-] {4} |
| 14:21 |
assbot |
[HAVELOCK] [B.EXCH] 4 @ 0.16230094 = 0.6492 BTC [-] {3} |
| 14:21 |
benkay |
mircea_popescu coinpunk.org and coinpunk.com are indeed same folks |
| 14:21 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00585737 = 0.5857 BTC [-] {3} |
| 14:24 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0575 = 0.115 BTC [-] {2} |
| 14:24 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.106 BTC [-] |
| 14:24 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 14:25 |
assbot |
[HAVELOCK] [B.SELL] 1 @ 0.106 BTC [-] |
| 14:25 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 14:28 |
assbot |
[HAVELOCK] [NEOBEE] 125 @ 0.0058 = 0.725 BTC [-] |
| 14:30 |
assbot |
[MPEX] [S.MPOE] 2841 @ 0.00088008 = 2.5003 BTC [-] |
| 14:32 |
Urushiol |
people putting funds in securities for the expected decline? |
| 14:38 |
assbot |
[HAVELOCK] [NEOBEE] 120 @ 0.00591416 = 0.7097 BTC [+] {2} |
| 14:39 |
assbot |
[HAVELOCK] [NEOBEE] 200 @ 0.0057353 = 1.1471 BTC [-] {12} |
| 14:40 |
assbot |
[HAVELOCK] [NEOBEE] 60 @ 0.00591899 = 0.3551 BTC [+] {2} |
| 14:45 |
dexX7 |
https://www.facebook.com/goxbitcoin |
| 14:47 |
assbot |
[HAVELOCK] [NEOBEE] 17 @ 0.00591901 = 0.1006 BTC [+] |
| 14:50 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.057 = 0.171 BTC [-] |
| 14:50 |
assbot |
[HAVELOCK] [B.SELL] 3 @ 0.106 = 0.318 BTC [-] |
| 14:50 |
assbot |
[HAVELOCK] [NEOBEE] 77 @ 0.00591901 = 0.4558 BTC [+] |
| 14:50 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 14:52 |
assbot |
[MPEX] [S.MPOE] 8860 @ 0.00088029 = 7.7994 BTC [+] {2} |
| 14:55 |
assbot |
[HAVELOCK] [NEOBEE] 18 @ 0.00597897 = 0.1076 BTC [+] |
| 14:57 |
assbot |
[MPEX] [S.MPOE] 17050 @ 0.00088129 = 15.026 BTC [+] |
| 14:58 |
assbot |
[HAVELOCK] [NEOBEE] 223 @ 0.00591903 = 1.3199 BTC [-] |
| 15:00 |
assbot |
[HAVELOCK] [PETA] 24 @ 0.1175 = 2.82 BTC [+] {2} |
| 15:00 |
ThickAsThieves |
http://www.cnbc.com/id/101444108 |
| 15:00 |
ozbot |
Mt.Gox: Decision was made to close transactions for the time being |
| 15:00 |
ThickAsThieves |
Lawsky says gox closing is a good thing, etc |
| 15:02 |
jurov |
and the situation will be very closely monitored, don't forget! |
| 15:02 |
assbot |
[HAVELOCK] [NEOBEE] 407 @ 0.00591903 = 2.409 BTC [-] |
| 15:02 |
jurov |
rest assured :) |
| 15:04 |
assbot |
[HAVELOCK] [NEOBEE] 490 @ 0.00591925 = 2.9004 BTC [+] {3} |
| 15:16 |
assbot |
[HAVELOCK] [NEOBEE] 41 @ 0.00591391 = 0.2425 BTC [-] {2} |
| 15:16 |
assbot |
[HAVELOCK] [RENT] 24 @ 0.0055 = 0.132 BTC |
| 15:21 |
assbot |
[MPEX] [S.MPOE] 19350 @ 0.0008814 = 17.0551 BTC [+] {2} |
| 15:24 |
assbot |
[HAVELOCK] [NEOBEE] 480 @ 0.00571002 = 2.7408 BTC [-] {3} |
| 15:26 |
thestringpuller |
;;google site: trileme mtgox fractional reserve |
| 15:26 |
gribble |
No matches found. |
| 15:26 |
thestringpuller |
;;google site: trilema.com mtgox fractional reserve |
| 15:26 |
gribble |
Grave concerns re MtGox pe Trilema - Un blog de Mircea Popescu.: <http://trilema.com/2013/grave-concerns-re-mtgox/>; GPG contracts pe Trilema - Un blog de Mircea Popescu.: <http://trilema.com/gpg-contracts>; Full Hacker News: <http://www.fullhn.com/> |
| 15:31 |
ThickAsThieves |
"Mircea you are one -huge- faggot" |
| 15:36 |
assbot |
[HAVELOCK] [PETA] 2 @ 0.1175 = 0.235 BTC [+] |
| 15:38 |
BingoBoingo |
http://www.27bslash6.com/foggot.html |
| 15:38 |
ozbot |
"I have read your website and it is obviously that your a foggot." |
| 15:42 |
benkay |
"yes you will" "no i won't fag" |
| 15:44 |
ThickAsThieves |
lol |
| 15:45 |
deadweasel |
he's a foghat? |
| 15:45 |
deadweasel |
http://www.youtube.com/watch?v=GcCNcgoyG_0 |
| 15:45 |
ozbot |
Slow Ride- Foghat (Full Version) - YouTube |
| 15:46 |
deadweasel |
so, a compliment? |
| 15:48 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.117 BTC [-] |
| 15:49 |
assbot |
[HAVELOCK] [NEOBEE] 22 @ 0.00597883 = 0.1315 BTC [+] {2} |
| 15:50 |
assbot |
[MPEX] [S.MPOE] 6340 @ 0.00087997 = 5.579 BTC [-] |
| 15:50 |
assbot |
[HAVELOCK] [NEOBEE] 174 @ 0.00597887 = 1.0403 BTC [+] {2} |
| 15:51 |
assbot |
[HAVELOCK] [NEOBEE] 75 @ 0.00597895 = 0.4484 BTC [+] |
| 15:52 |
deadweasel |
.Why, if it isn't my old friend, Mr. McGreg. With a leg for an arm and an arm for a leg.. |
| 15:52 |
assbot |
[HAVELOCK] [NEOBEE] 138 @ 0.00597897 = 0.8251 BTC [+] {2} |
| 15:53 |
assbot |
[HAVELOCK] [PETA] 7 @ 0.11749131 = 0.8224 BTC [+] |
| 15:53 |
assbot |
[HAVELOCK] [NEOBEE] 229 @ 0.00597899 = 1.3692 BTC [+] {2} |
| 15:57 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.00597898 = 0.2989 BTC [-] {2} |
| 15:58 |
mike_c |
;;later tell nubbins` ping me for eulorum nameservers |
| 15:58 |
gribble |
The operation succeeded. |
| 15:58 |
assbot |
[HAVELOCK] [NEOBEE] 250 @ 0.00597899 = 1.4947 BTC [+] |
| 16:00 |
assbot |
[HAVELOCK] [RENT] 46 @ 0.0055 = 0.253 BTC |
| 16:03 |
assbot |
[HAVELOCK] [NEOBEE] 99 @ 0.00597897 = 0.5919 BTC [-] |
| 16:03 |
assbot |
[HAVELOCK] [AM100] 240 @ 0.00464756 = 1.1154 BTC [-] {2} |
| 16:04 |
assbot |
[MPEX] [S.MPOE] 35900 @ 0.00088076 = 31.6193 BTC [+] {2} |
| 16:05 |
dub |
real world gox news feedback thus far "so this is a good time to get in right? |
| 16:06 |
Diablo-D3 |
pretty much. |
| 16:06 |
assbot |
[HAVELOCK] [NEOBEE] 214 @ 0.00597897 = 1.2795 BTC [-] |
| 16:10 |
BingoBoingo |
Derps gonna Derp |
| 16:10 |
BingoBoingo |
http://www.hsgac.senate.gov/media/majority-media/chairman-carpers-statement-on-insolvency-of-major-bitcoin-exchange |
| 16:12 |
twizt |
lol |
| 16:12 |
twizt |
and the banking system is any better |
| 16:13 |
twizt |
they are just pissed they couldnt use tax payer funds to bailout gox lol |
| 16:13 |
TomServo |
It's a steamboat not a rowboat |
| 16:13 |
assbot |
[HAVELOCK] [B.EXCH] 3 @ 0.16230094 = 0.4869 BTC [-] |
| 16:16 |
assbot |
[HAVELOCK] [NEOBEE] 33 @ 0.00597896 = 0.1973 BTC [-] |
| 16:18 |
mike_c |
regulation is always effective at keeping unsuspecting "consumers" safe in financial markets. |
| 16:18 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.05999998 = 0.12 BTC [+] |
| 16:21 |
assbot |
[HAVELOCK] [NEOBEE] 240 @ 0.00597894 = 1.4349 BTC [-] |
| 16:22 |
assbot |
[HAVELOCK] [NEOBEE] 93 @ 0.00597895 = 0.556 BTC [+] |
| 16:23 |
assbot |
[HAVELOCK] [NEOBEE] 41 @ 0.00597894 = 0.2451 BTC [-] |
| 16:24 |
benkay |
the best way to keep people who shouldn't be playing with dangerous financial instruments from doing so is to just disallow them from it. this is the MPEx model. |
| 16:27 |
assbot |
[HAVELOCK] [B.MINE] 5 @ 0.06 = 0.3 BTC [+] |
| 16:31 |
assbot |
[HAVELOCK] [NEOBEE] 121 @ 0.00597715 = 0.7232 BTC [+] {2} |
| 16:32 |
assbot |
[HAVELOCK] [NEOBEE] 66 @ 0.00597799 = 0.3945 BTC [+] |
| 16:40 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.0059 = 0.118 BTC [-] {2} |
| 16:41 |
assbot |
[HAVELOCK] [PETA] 15 @ 0.1175 = 1.7625 BTC [+] |
| 16:41 |
assbot |
[HAVELOCK] [NEOBEE] 40 @ 0.0059 = 0.236 BTC [-] |
| 16:42 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.0059 = 0.295 BTC [-] |
| 16:44 |
mircea_popescu |
benkay oh i c. |
| 16:46 |
assbot |
[MPEX] [S.MPOE] 35300 @ 0.00088169 = 31.1237 BTC [+] {2} |
| 16:47 |
BingoBoingo |
MtGox has barely moved S.MPOE I guess it was much less important than either OpenBSD Charlie Shrem's bong |
| 16:48 |
benkay |
heh i got that from you, mircea_popescu |
| 16:49 |
mircea_popescu |
;;ticker |
| 16:49 |
gribble |
Bitstamp BTCUSD ticker | Best bid: 523.68, Best ask: 524.7, Bid-ask spread: 1.02000, Last trade: 523.68, 24 hour volume: 112246.41622198, 24 hour low: 400.0, 24 hour high: 552.06, 24 hour vwap: 480.668707869 |
| 16:49 |
BingoBoingo |
;;ticker --market all |
| 16:49 |
gribble |
MtGox BTCUSD last: 135.0, vol: 31617.24142445 | Bitstamp BTCUSD last: 523.68, vol: 112246.41622198 | BTC-E BTCUSD last: 516.001, vol: 71134.23069 | Bitfinex BTCUSD last: 523.4, vol: 93598.92141544 | CampBX BTCUSD last: 530.01, vol: 431.92813782 | BTCChina BTCUSD last: 540.524633, vol: 27601.08600000 | Volume-weighted last average: 486.862785055 |
| 16:49 |
mircea_popescu |
lol 135 |
| 16:49 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.005898 = 0.118 BTC [-] |
| 16:49 |
mircea_popescu |
so how's the turing point coming along |
| 16:49 |
dexX7 |
it's frozen for more than 12 or so hours |
| 16:50 |
BingoBoingo |
Goxlast is going to be 135 forever it seems. Prolly prudent to quote USD/BTC as a percent of Gox last nao. |
| 16:50 |
mircea_popescu |
i guess it's time for teh halting problem |
| 16:51 |
thestringpuller |
so at what point does the bot start quoting? |
| 16:51 |
thestringpuller |
gox is dead what now? options plz |
| 16:51 |
mircea_popescu |
cads prolly this is better than #math |
| 16:53 |
mircea_popescu |
and geometric brownian motion is a rather general case of stochastic process. it fits a bunch of natural phenomena. |
| 16:53 |
BingoBoingo |
Woe unto the poor bastard who sold those Puts to the bot. |
| 16:53 |
ThickAsThieves |
<BingoBoingo> http://www.hsgac.senate.gov/media/majority-media/chairman-carpers-statement-on-insolvency-of-major-bitcoin-exchange <<< now i just want gox to come back and say ha! we're solvent idjits |
| 16:54 |
assbot |
[MPEX] [S.MPOE] 6617 @ 0.00088108 = 5.8301 BTC [-] |
| 16:54 |
cads |
I guess I should look into empirical studies to see how applicable it should be considered for options |
| 16:54 |
mircea_popescu |
"we're solute" |
| 16:54 |
BingoBoingo |
ThickAsThieves: Nah, I just want some IT drone to throw him some Trilema showing that Bitcoin regulated Gox out of existence using only death by exile as a regulatory tool |
| 16:54 |
mircea_popescu |
cads you can make your own empirical study. pick a stock. |
| 16:55 |
cads |
yeah I should |
| 16:55 |
mircea_popescu |
" Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) release the following statement" |
| 16:55 |
mircea_popescu |
i guess no further need for grammar |
| 16:55 |
mircea_popescu |
for your protection, obama govt abolishes the s on verbs. |
| 16:55 |
mircea_popescu |
make english more accessible to poor black kids. |
| 16:55 |
cads |
I believe that's, "release dat following statement"* |
| 16:56 |
BingoBoingo |
cads: It is da rather than dat |
| 16:56 |
Mats_cd03 |
race hatin mafaka |
| 16:56 |
mircea_popescu |
followin but yeah. |
| 16:56 |
assbot |
[HAVELOCK] [NEOBEE] 75 @ 0.00588 = 0.441 BTC [-] |
| 16:56 |
ThickAsThieves |
well the gov is in a perpetual state of release |
| 16:56 |
mircea_popescu |
anyway teh cheek on this asshat. |
| 16:56 |
ThickAsThieves |
wording intentional |
| 16:56 |
KRS-One |
think poor black kids care to use English properly? Hell no honky. |
| 16:56 |
mircea_popescu |
delusions of grandeur, "steering" my foot. |
| 16:56 |
KRS-One |
.bait |
| 16:56 |
ozbot |
http://24.media.tumblr.com/dff0b7fe0c41bbf5b7fdf3d238cd2caa/tumblr_msgtkvTI6d1rlo3vko1_400.jpg |
| 16:57 |
ThickAsThieves |
also missing hyphen on ill-equipped |
| 16:57 |
ThickAsThieves |
the art of the hyphen is so lost |
| 16:57 |
assbot |
[HAVELOCK] [PETA] 3 @ 0.1175 = 0.3525 BTC [+] |
| 16:58 |
mircea_popescu |
anyway, let's compare and contrast for the permanent record : |
| |
↖ |
| 16:58 |
mircea_popescu |
http://www.hsgac.senate.gov/media/majority-media/chairman-carpers-statement-on-insolvency-of-major-bitcoin-exchange |
| 16:58 |
mircea_popescu |
My staff is working closely with relevant federal agencies to determine what lessons can be learned from this failure to help ensure this does not happen here in the United States. |
| 16:58 |
mircea_popescu |
As any industry matures it will face growing pains and there will be individuals who believe they can use the fog of uncertainty to cover up their follies. When it comes to policy, it is the responsibility of the federal government to steer the boat, not row the boat. Our Committee will continue to work closely with relevant U.S. government entities to steer the boat away from nefarious actors - and its up to l |
| 16:58 |
mircea_popescu |
egitimate, law abiding industry partners to row the boat into law abiding waters. |
| 16:58 |
mircea_popescu |
versus |
| 16:58 |
mircea_popescu |
http://trilema.com/2013/digging-through-archives-yields-gold/ |
| 16:58 |
ozbot |
Digging through archives yields gold pe Trilema - Un blog de Mircea Popescu. |
| 16:58 |
mircea_popescu |
Government sponsored enterprises enter the business, in due course bad behavior is made mandatory, and the evil financial network is bigger than the honest financial network, with the result that even though everyone knows what is happening, people continue to use the paper issued by the evil financial network, because of network effects - the big, main issuers, are the issuers you use if you want to do business. |
| 16:58 |
mircea_popescu |
Then knowledgeable people complain that the evil financial network is heading for disaster, that the government sponsored enterprises are about to cause a “collapse of the total financial system”, as Wallison and Alan Greenspan complained in 2005, the government debates shrinking the evil government sponsored enterprises, as with “S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005″ but the |
| 16:58 |
mircea_popescu |
y find easy money too seductive, and S. 190 goes down in flames before a horde of political activists chanting that easy money is sound, and opposing it is racist, nazi, ignorant, and generally hateful, the recent S. 190 debate on limiting portfolios (bond issue supporting dud mortgages) by government sponsored enterprises being a perfect reprise of the debates on limiting the issue of new assignats in the 1790s. |
| 16:59 |
mircea_popescu |
The big and easy government attacks on money target a single central money issuer, as with the first of the modern political attacks, the French Assignat of 1792, but in the late nineteenth century political attacks on financial networks began, as for example the Federal reserve act of 1913, the goal always being to wind up the network into a single too big to fail entity, and they have been getting progressively bigge |
| 16:59 |
mircea_popescu |
r, more serious, and more disastrous, as with the most recent one. Each attack is hugely successful, and after the cataclysm that the attack causes the attackers are hailed as saviors of the poor, the oppressed, and the nation generally, and the blame for the the bad consequences is dumped elsewhere, usually on Jews, greedy bankers, speculators, etc, because such attacks ar |
| 16:59 |
assbot |
[HAVELOCK] [NEOBEE] 84 @ 0.00589798 = 0.4954 BTC [+] {2} |
| 17:00 |
thestringpuller |
The Federal Reserve act was the best thing that ever happened to the US |
| 17:00 |
mircea_popescu |
because such attacks are difficult for ordinary people understand. I have trouble understanding your proposal - ordinary users will be easily bamboozled by a government sponsored security update. Further, when the crisis hits, to disagree with the line, to doubt that the regulators are right, and the problem is the evil speculators, becomes political suicide, as it did in America in 2007, sometimes physical suicide, a |
| 17:00 |
mircea_popescu |
s in Weimar Germany. |
| 17:00 |
mircea_popescu |
aaanyway. |
| 17:00 |
mircea_popescu |
we're not nor will we ever be socialists. |
| 17:00 |
mircea_popescu |
the us government, it's agents and assigns are cordially invited to go suck an onion. |
| 17:00 |
thestringpuller |
mircea_popescu: you already predicted the collapse of MtGox for those very reasons |
| 17:01 |
thestringpuller |
you even WARNED people not to leave money in MtGox |
| 17:01 |
thestringpuller |
what some 10 months ago? |
| 17:01 |
dexX7 |
http://i.imgur.com/2b8Fec3.jpg |
| 17:01 |
mircea_popescu |
thestringpuller yes but in typical commie style, the evil empire is trying to turn things around |
| 17:01 |
assbot |
[HAVELOCK] [NEOBEE] 737 @ 0.00571275 = 4.2103 BTC [-] {11} |
| 17:01 |
mircea_popescu |
black is white, up is down, obama vorvarts etc. |
| 17:01 |
BingoBoingo |
mircea_popescu: There are also offers for them to try gingering for the buttcoins https://en.wikipedia.org/wiki/Gingering |
| 17:01 |
thestringpuller |
but then you disregard both teh media and what the government states |
| 17:02 |
thestringpuller |
the media gets it wrong |
| 17:02 |
thestringpuller |
the government gets it wrong |
| 17:02 |
mircea_popescu |
BingoBoingo lol |
| 17:02 |
thestringpuller |
so just listen to the people who know what they are talkinga bout, don't play into the huxley mentality |
| 17:02 |
ThickAsThieves |
http://www.reddit.com/r/Bitcoin/comments/1yx2t5/erik_voorhees_on_bloomberg_tv/ |
| 17:02 |
ozbot |
Erik Voorhees on Bloomberg TV : Bitcoin |
| 17:03 |
BingoBoingo |
mircea_popescu: Seems like a better alternatives to the peppers, Prolly spec any actual offers though to use horse radish rather than ginger for the thick root |
| 17:03 |
mircea_popescu |
;;google figging |
| 17:03 |
gribble |
Figging - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Figging>; Urban Dictionary: figging: <http://www.urbandictionary.com/define.php?term=figging>; tacit: BDSM: Theory and Practice of Figging: <http://tacit.livejournal.com/225189.html> |
| 17:03 |
ThickAsThieves |
i have a ginger addiction |
| 17:04 |
BingoBoingo |
Oh, already a thing. I guess that means there are standards to compare to then. |
| 17:05 |
assbot |
[HAVELOCK] [NEOBEE] 815 @ 0.00583951 = 4.7592 BTC [+] {10} |
| 17:05 |
mircea_popescu |
http://chicagomistresswrestler.com/blog/wp-content/uploads/2013/02/caning-figging-368x236.png |
| 17:06 |
ThickAsThieves |
hmm i'm not addicted enough to put it in my butt tho |
| 17:06 |
thestringpuller |
and this is where I get back to work |
| 17:06 |
cads |
mircea_popescu: that's kinda awesome |
| 17:06 |
assbot |
[HAVELOCK] [NEOBEE] 80 @ 0.00587499 = 0.47 BTC [+] {2} |
| 17:06 |
cads |
I was just reading an article on tha |
| 17:06 |
mircea_popescu |
cads which that ? |
| 17:07 |
cads |
ginger play :) |
| 17:07 |
mircea_popescu |
o i c |
| 17:07 |
assbot |
[HAVELOCK] [NEOBEE] 62 @ 0.00589997 = 0.3658 BTC [+] {4} |
| 17:07 |
BingoBoingo |
Horseradish seems perfect for this purpose, a bit of a step up on the intensity http://www.photo-dictionary.com/phrase/2281/horseradish.html |
| 17:07 |
mircea_popescu |
#ginger ? |
| 17:08 |
assbot |
[HAVELOCK] [NEOBEE] 419 @ 0.00589998 = 2.4721 BTC [+] {2} |
| 17:09 |
assbot |
[MPEX] [S.MPOE] 22300 @ 0.00088212 = 19.6713 BTC [+] {2} |
| 17:09 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00589999 = 0.59 BTC [+] |
| 17:09 |
assbot |
[HAVELOCK] [AM100] 133 @ 0.00465 = 0.6185 BTC [+] |
| 17:10 |
assbot |
[HAVELOCK] [NEOBEE] 609 @ 0.00589998 = 3.5931 BTC [-] {7} |
| 17:11 |
BingoBoingo |
Eh, We'll make offers to the next person who wants a Macbook Pro |
| 17:11 |
mircea_popescu |
benkay https://pbs.twimg.com/media/BhWAuE6IAAAVsW9.jpg:large << drones |
| 17:12 |
assbot |
[HAVELOCK] [NEOBEE] 434 @ 0.00589998 = 2.5606 BTC [-] {2} |
| 17:13 |
BingoBoingo |
In other news 'Murica scraps extremely effective tool in favor of Vaporware http://arstechnica.com/tech-policy/2014/02/dod-aims-to-scrap-a-10-to-keep-f-35-alive-in-new-budget/ |
| 17:13 |
benkay |
robot ships! |
| 17:13 |
mircea_popescu |
sheeps |
| 17:13 |
assbot |
[HAVELOCK] [NEOBEE] 190 @ 0.00589998 = 1.121 BTC [-] |
| 17:14 |
benkay |
mircea_popescu: are you familiar with SkySails? |
| 17:14 |
mircea_popescu |
anyway, i'm off. looking forward to reading more derpage from clueless uninvolved people with delusions of self-importance tomorrow. |
| 17:14 |
benkay |
http://www.skysails.info/english/skysails-marine/ |
| 17:14 |
ozbot |
SkySails GmbH - SkySails Marine |
| 17:15 |
BingoBoingo |
benkay: Talk about old tech |
| 17:15 |
assbot |
[HAVELOCK] [NEOBEE] 70 @ 0.00589999 = 0.413 BTC [+] {3} |
| 17:17 |
benkay |
everything old is new again |
| 17:18 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.1175 BTC [+] |
| 17:18 |
ThickAsThieves |
boat kites are tech? |
| 17:20 |
benkay |
everything is technology. |
| 17:20 |
benkay |
you'd be well served by actually reading how they work, ThickAsThieves |
| 17:21 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.11453543 = 0.2291 BTC [+] {2} |
| 17:22 |
nubbins` |
and today i learned what figging is |
| 17:22 |
BingoBoingo |
I'd kind of like to see a modernized on of these https://en.wikipedia.org/wiki/Brig |
| 17:22 |
BingoBoingo |
Blue and Green water capable |
| 17:22 |
assbot |
[HAVELOCK] [B.MINE] 6 @ 0.06 = 0.36 BTC [-] |
| 17:22 |
assbot |
[HAVELOCK] [B.SELL] 6 @ 0.11463545 = 0.6878 BTC [+] |
| 17:24 |
BingoBoingo |
I still think though turning a nuclear aircraft carrier into a portable farm could be a fun venture though. |
| 17:24 |
ThickAsThieves |
<benkay> you'd be well served by actually reading how they work, ThickAsThieves /// i dunno about well-served, but okay |
| 17:24 |
assbot |
[HAVELOCK] [B.EXCH] 6 @ 0.16230094 = 0.9738 BTC [-] |
| 17:27 |
assbot |
[HAVELOCK] [HIF] 462 @ 0.00050097 = 0.2314 BTC [+] |
| 17:31 |
assbot |
[HAVELOCK] [PETA] 2 @ 0.1175 = 0.235 BTC [+] |
| 17:32 |
assbot |
[HAVELOCK] [SFI] 482 @ 0.00088508 = 0.4266 BTC [+] {2} |
| 17:38 |
assbot |
[HAVELOCK] [NEOBEE] 296 @ 0.00589999 = 1.7464 BTC [+] |
| 17:42 |
assbot |
[MPEX] [S.MPOE] 20050 @ 0.00088378 = 17.7198 BTC [+] {2} |
| 17:45 |
assbot |
[HAVELOCK] [B.MINE] 8 @ 0.06124996 = 0.49 BTC [+] {4} |
| 17:47 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.1175 = 0.47 BTC [+] |
| 17:49 |
assbot |
[HAVELOCK] [NEOBEE] 100 @ 0.00589999 = 0.59 BTC [+] |
| 17:50 |
assbot |
[HAVELOCK] [NEOBEE] 56 @ 0.00589999 = 0.3304 BTC [+] |
| 17:59 |
assbot |
[HAVELOCK] [NEOBEE] 25 @ 0.00588009 = 0.147 BTC [-] |
| 18:00 |
BingoBoingo |
https://sites.google.com/site/steveyegge2/tour-de-babel |
| 18:00 |
ozbot |
tour-de-babel - steveyegge2 |
| 18:03 |
assbot |
[HAVELOCK] [NEOBEE] 600 @ 0.00589419 = 3.5365 BTC [+] {2} |
| 18:04 |
kakobrekla |
http://www.news.com.au/world/tin-cans-filled-with-10-million-in-gold-coins-found-buried-in-california/story-fndir2ev-1226837801851 |
| 18:04 |
ozbot |
Tin cans filled with $10 million in gold coins found buried in California | |
| 18:04 |
kakobrekla |
for nubbins |
| 18:06 |
assbot |
[HAVELOCK] [CFIG] 2 @ 0.131 = 0.262 BTC [+] |
| 18:07 |
assbot |
[HAVELOCK] [AM100] 85 @ 0.00464745 = 0.395 BTC [-] |
| 18:08 |
davout |
kakobrekla: oh someone found the stamp engine |
| 18:08 |
davout |
$10m in tin cans |
| 18:08 |
davout |
tin cans |
| 18:08 |
davout |
cans |
| 18:08 |
kakobrekla |
:D |
| 18:09 |
assbot |
Last 7 lines bashed and pending review. (http://dpaste.com/1659499/plain/) |
| 18:09 |
kakobrekla |
!b 7 |
| 18:09 |
assbot |
[HAVELOCK] [NEOBEE] 139 @ 0.00587 = 0.8159 BTC [-] |
| 18:15 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.00587 = 0.1761 BTC [-] |
| 18:23 |
assbot |
[MPEX] [S.MPOE] 33050 @ 0.00088059 = 29.1035 BTC [-] {3} |
| 18:27 |
assbot |
[HAVELOCK] [NEOBEE] 34 @ 0.00587 = 0.1996 BTC [-] |
| 18:29 |
BitcoinPropagand |
Hey we're raising money to keep making more awesome bitcoin posters, you can check the campaign here: https://www.startjoin.com/bitcoinposters and the designs here: http://bitcoinpropaganda.blogspot.com |
| 18:31 |
BitcoinPropagand |
The posters are 18x24"(46x61cm) printed in the best quality and shipped to anywhere in the world for $30 |
| 18:32 |
assbot |
[MPEX] [S.MPOE] 15500 @ 0.00088414 = 13.7042 BTC [+] |
| 18:35 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.00587 = 0.2935 BTC [-] |
| 18:38 |
assbot |
[HAVELOCK] [NEOBEE] 49 @ 0.0057003 = 0.2793 BTC [-] {2} |
| 18:44 |
assbot |
[MPEX] [S.MPOE] 29800 @ 0.00087932 = 26.2037 BTC [-] {2} |
| 18:46 |
TomServo |
I was surprised to learn the gold coin find already had a website (saddleridgehoard.com) |
| 18:46 |
assbot |
[HAVELOCK] [NEOBEE] 40 @ 0.00570029 = 0.228 BTC [-] {2} |
| 18:46 |
TomServo |
Also surprised to learn it was reg'd 17-Feb-2014. I still call shenanigans! |
| 18:49 |
ThickAsThieves |
mod deleted my post of "This more closely resembles a bowel movement." |
| 18:50 |
ThickAsThieves |
in response to "I believe this is evidence of the social movement we're witnessing." (re: destroying iphones) |
| 18:50 |
ThickAsThieves |
no poop talk round hea! |
| 18:53 |
BingoBoingo |
And yet this remains https://bitcointalk.org/index.php?topic=485913.msg5356504#msg5356504 |
| 18:53 |
assbot |
[MPEX] [S.MPOE] 12000 @ 0.00087902 = 10.5482 BTC [-] {2} |
| 18:55 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.1174 BTC [-] |
| 18:57 |
MisterE |
BingoBoingo: LOL, 4th post is from an ambulance chasing lawyer |
| 19:00 |
BingoBoingo |
MisterE: Post I linked though was me telling them to get a time machine, because Gox's death should be the 11th least surprising thing in Bitcoin this year. |
| 19:01 |
MisterE |
never get shit from the Japs |
| 19:01 |
MisterE |
guess that was what the Gox premium was worth |
| 19:03 |
BingoBoingo |
Well, the gox premium was worth an inability to withdraw fiat, the gox discount is worth an inability to withdraw BTC. The discount won in the end because People want BTC moar. Free markets at work. |
| 19:04 |
lnovy |
Mark might have created bitcoin futures, this will be hilarious :) |
| 19:05 |
dub |
the only thing japanese about gox is tux' dirty panty collection |
| 19:06 |
BingoBoingo |
I don't think Mark did much other than Highlight why PHP should never touch commands passed to a bitcoin deamon (hopefully not bitcoind for too much longer) |
| 19:07 |
BingoBoingo |
Jed though invented a lot of things, that Mark gets too much credit for. |
| 19:07 |
lnovy |
I don't think bitcoin public cares about that much details :) |
| 19:07 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.1175 BTC [+] |
| 19:08 |
lnovy |
but think about it... yes you can have your coins... for sure... in 2384 ;) |
| 19:09 |
lnovy |
<MagicalTux> Well, technically speaking it's not "lost" just yet, just |
| 19:09 |
lnovy |
temporarily unavailable" |
| 19:09 |
lnovy |
what _else_ could it be? :) |
| 19:09 |
BingoBoingo |
lnovy: The Bitcoin public is rather small. |
| 19:09 |
lnovy |
it was :( |
| 19:10 |
BingoBoingo |
lnovy: No. If anything the actual Bitcoin public has shrank considerably since the fall of 2012 |
| 19:10 |
lnovy |
these are still new ages... |
| 19:11 |
BingoBoingo |
Of course. |
| 19:12 |
BingoBoingo |
It is still new ages, but this week a lot of people who though they were "in" Bitcoin realized they never stopped being n00bs in spite of having been around for the great silk road bubble of 2011 |
| 19:12 |
lnovy |
yeah... the only way to learn that the stove is hot is to get burned... |
| 19:12 |
lnovy |
some people just don't learn :/ |
| 19:13 |
d34th |
i learned by putting my hand near and feeling the heat |
| 19:13 |
lnovy |
you don't remember :) heat is heat, pain is pain |
| 19:13 |
d34th |
getting burnt by a stove isnt true pain |
| 19:14 |
d34th |
true pain is frying bacon naked |
| 19:14 |
lnovy |
! |
| 19:14 |
d34th |
you endure for a sweet reward at the end |
| 19:14 |
BingoBoingo |
Catch is Gox had no bacon |
| 19:15 |
lnovy |
Quote #957400 is pending moderation. |
| 19:16 |
BingoBoingo |
The more you read on GOx the further you push pack the date where red flags became evident in retrospect. |
| 19:18 |
assbot |
[MPEX] [S.MPOE] 7500 @ 0.0008816 = 6.612 BTC [+] {2} |
| 19:18 |
assbot |
[HAVELOCK] [AM1] 35 @ 0.49677349 = 17.3871 BTC [+] {13} |
| 19:19 |
B007 |
I'm glad I don't have anything in GOX |
| 19:23 |
asciilifeform |
BingoBoingo: the people who by all rights ought to be taking some heat, but aren't, are the enablers. |
| 19:23 |
asciilifeform |
the u.s. media of whom gox is arguably a creature. |
| 19:24 |
asciilifeform |
and now that it's dead, they will be sure to send the cattle directly to whatever replaces it in scamspace. |
| 19:24 |
asciilifeform |
(under no circumstances are cattle permitted to wander unguided, mp had a piece on this if i recall) |
| 19:25 |
BingoBoingo |
Well, If the US media was really that effective at promoting trends from Japan I would expect more emergency room visits from squid and octopus related injuries of the genitalia. Alas... |
| 19:25 |
asciilifeform |
afaik, gox is japanese solely in the geographic sense. |
| 19:26 |
BingoBoingo |
asciilifeform: Even very guided cattle can walk through gaping holes http://deadspin.com/the-cardinals-are-very-embarrassed-by-carlos-martinezs-1530572369 |
| 19:26 |
BingoBoingo |
ozbot |
| 19:26 |
BingoBoingo |
http://deadspin.com/the-cardinals-are-very-embarrassed-by-carlos-martinezs-1530572369 |
| 19:26 |
ozbot |
The Cardinals Are Very Embarrassed By Carlos Martinez's Wall Of Porn |
| 19:27 |
asciilifeform |
maybe i'm thick - not sure how this connects |
| 19:28 |
assbot |
[HAVELOCK] [NEOBEE] 139 @ 0.00571849 = 0.7949 BTC [-] {3} |
| 19:28 |
assbot |
[MPEX] [S.MPOE] 20900 @ 0.00088473 = 18.4909 BTC [+] {2} |
| 19:28 |
BingoBoingo |
A team looking to invest tens of millions over a decade on a 22 year old who can throw a ball hard can't keep one of their bulls from filling their twitter wall full of white girl vaginas |
| 19:29 |
assbot |
[HAVELOCK] [NEOBEE] 172 @ 0.00570056 = 0.9805 BTC [-] {2} |
| 19:29 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.10901011 BTC [-] |
| 19:29 |
BingoBoingo |
Even very guided cattle will stray |
| 19:30 |
BingoBoingo |
At least the children who follow him on twitter now know which strike zone he finds most important though. |
| 19:30 |
BingoBoingo |
MP might probably call that a win. |
| 19:32 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 19:37 |
BingoBoingo |
http://www.thedrinkingrecord.com/2014/02/25/a-reminder-the-most-important-word-in-bitcoin-again-because-gox/ |
| 19:38 |
ozbot |
A Reminder – The Most Important Word in Bitcoin, Again because Gox | Bingo Blog |
| 19:41 |
assbot |
[HAVELOCK] [B.SELL] 5 @ 0.11461999 = 0.5731 BTC [-] {2} |
| 19:41 |
assbot |
[HAVELOCK] [B.MINE] 3 @ 0.0600101 = 0.18 BTC [-] |
| 19:43 |
mike_c |
wot fail |
| 19:43 |
mike_c |
http://bitcoin-otc.com/viewratingdetail.php?nick=MagicalTux |
| 19:43 |
ozbot |
Rating Details for User 'MagicalTux' |
| 19:44 |
mike_c |
"if we don't trust him, who can we trust? ;)" hehehe |
| 19:45 |
Apocalyptic |
there is a strong trust link between mircea and MagicalTux btw |
| 19:45 |
Apocalyptic |
as he trusts nanotube with a 10 who trusts MT with a 7 |
| 19:45 |
mike_c |
yeah, he only has 3 negative ratings. |
| 19:51 |
assbot |
[HAVELOCK] [B.EXCH] 10 @ 0.16230094 = 1.623 BTC [-] |
| 19:53 |
BingoBoingo |
;;rate MagicalTux -10 Ran an exchange that failed |
| 19:53 |
gribble |
Rating entry successful. Your rating of -10 for user MagicalTux has been recorded. |
| 19:53 |
BingoBoingo |
NEG RATING PARTY |
| 20:00 |
BingoBoingo |
Who has slashdot accounts and wants to spread some love? http://slashdot.org/firehose.pl?op=view&type=submission&id=3366357 |
| 20:00 |
assbot |
[HAVELOCK] [PETA] 1 @ 0.1090011 BTC [-] |
| 20:02 |
BingoBoingo |
I don't see much Gox neg rating yet... |
| 20:03 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.102102 = 0.2042 BTC [-] {2} |
| 20:03 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] {2} |
| 20:03 |
BingoBoingo |
;;rate herbijudlestoids 1 n00b with graphs |
| 20:03 |
gribble |
Rating entry successful. Your rating of 1 for user herbijudlestoids has been recorded. |
| 20:04 |
BingoBoingo |
;;rate chatquack 1 didn't make a bad irc bot |
| 20:04 |
gribble |
Rating entry successful. Your rating of 1 for user chatquack has been recorded. |
| 20:04 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.061 = 0.122 BTC [-] {2} |
| 20:04 |
assbot |
[HAVELOCK] [B.SELL] 2 @ 0.10205 = 0.2041 BTC [-] {2} |
| 20:04 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] {2} |
| 20:04 |
BingoBoingo |
;;rate moiety 1 attempted the impossible, don't think other people's money was lost |
| 20:04 |
gribble |
Rating entry successful. Your rating of 1 for user moiety has been recorded. |
| 20:06 |
mike_c |
;;rate MagicalTux -2 ran a fractional reserve exchange |
| 20:06 |
gribble |
Rating entry successful. Your rating of -2 for user MagicalTux has been recorded. |
| 20:06 |
Jere_Jones |
BingoBoingo done |
| 20:07 |
BingoBoingo |
Jere_Jones mike_c Sweet |
| 20:07 |
assbot |
[HAVELOCK] [RENT] 50 @ 0.0055 = 0.275 BTC |
| 20:07 |
BingoBoingo |
mike_c: Remember when you asked me for a sports book recommendation? |
| 20:07 |
mike_c |
yes |
| 20:08 |
BingoBoingo |
I took most of my balance out of there. They are cutting down on their offerings a lot. No serious concerns yet, but be careful. |
| 20:08 |
mike_c |
hm. i will pass it along. a friend of mine was looking. thanks. |
| 20:08 |
chatquack |
Hey Thanks BingoBoingo. I'm glad ya like him! |
| 20:09 |
BingoBoingo |
chatquack: You are very welcome. Remember to scroll up and vote on the slashdot submission |
| 20:11 |
assbot |
[MPEX] [S.MPOE] 27000 @ 0.00087881 = 23.7279 BTC [-] {2} |
| 20:13 |
punkman1 |
"I barely have enough time to eat dinner, shower, and get online to research new cryptocoins to invest in. I have no social life, but this is of my choosing because I can't be bothered to socialize and waste money on a few beers and hang out with friends/women" |
| 20:14 |
BingoBoingo |
WTF |
| 20:15 |
BingoBoingo |
Nothing of value has recently happened on a Friday or Saturday other than Altcoin's unveiling |
| 20:22 |
assbot |
[HAVELOCK] [NEOBEE] 70 @ 0.005701 = 0.3991 BTC [+] {4} |
| 20:22 |
assbot |
[HAVELOCK] [SFI] 503 @ 0.00088989 = 0.4476 BTC [+] {2} |
| 20:24 |
assbot |
[HAVELOCK] [NEOBEE] 44 @ 0.005701 = 0.2508 BTC [+] {2} |
| 20:34 |
assbot |
[HAVELOCK] [NEOBEE] 20 @ 0.00579991 = 0.116 BTC [+] {2} |
| 20:35 |
mike_c |
http://www.btcalpha.com/blog/2014/just-dice-from-the-beginning/ |
| 20:35 |
ozbot |
Just-Dice From the Beginning - Btc Alpha |
| 20:36 |
mike_c |
BingoBoingo: check out that september. what a swing! |
| 20:37 |
BingoBoingo |
mike_c: On big whale can do it. |
| 20:37 |
mike_c |
and did. |
| 20:38 |
Apocalyptic |
"Chris Moore" oh did dooglus go public with his identity at some point ? I missed that |
| 20:39 |
mike_c |
um, hopefully |
| 20:39 |
mike_c |
https://twitter.com/dooglus |
| 20:39 |
ozbot |
Chris Moore (dooglus) on Twitter |
| 20:39 |
BingoBoingo |
Apocalyptic: He did quite some time ago |
| 20:43 |
assbot |
[HAVELOCK] [NEOBEE] 104 @ 0.00578999 = 0.6022 BTC [-] {3} |
| 20:44 |
assbot |
[HAVELOCK] [NEOBEE] 310 @ 0.00588245 = 1.8236 BTC [+] {3} |
| 20:48 |
assbot |
[HAVELOCK] [NEOBEE] 36 @ 0.00589 = 0.212 BTC [+] |
| 20:56 |
BingoBoingo |
;;rate TradeFortress -5 scammed, dunno if defaulted or robbed, but lost other people's coin |
| 20:56 |
gribble |
Rating entry successful. Your rating of -5 for user TradeFortress has been recorded. |
| 20:57 |
KRS-One |
heh |
| 20:59 |
BingoBoingo |
;;rate KRS-One 1 knows what he likes |
| 20:59 |
gribble |
Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings. |
| 20:59 |
BingoBoingo |
O.o |
| 21:00 |
KRS-One |
hey im in there |
| 21:00 |
KRS-One |
;;ident |
| 21:00 |
gribble |
Nick 'KRS-One', with hostmask 'KRS-One!~KRS1@c-50-143-86-143.hsd1.fl.comcast.net', is not identified. |
| 21:03 |
BingoBoingo |
... |
| 21:03 |
assbot |
[HAVELOCK] [NEOBEE] 281 @ 0.00589 = 1.6551 BTC [+] {3} |
| 21:03 |
BingoBoingo |
;;ident KRS1 |
| 21:03 |
gribble |
Nick 'KRS1', with hostmask 'KRS1!~KRS1@c-50-143-86-143.hsd1.fl.comcast.net', is not identified. |
| 21:17 |
assbot |
[HAVELOCK] [NEOBEE] 86 @ 0.00589997 = 0.5074 BTC [+] {2} |
| |
~ 16 minutes ~ |
| 21:34 |
Bugpowder |
zerohedge @zerohedge MT. GOX SUBPOENAED BY U.S. PROSECUTOR |
| 21:35 |
assbot |
[HAVELOCK] [NEOBEE] 19 @ 0.00589997 = 0.1121 BTC [+] |
| 21:40 |
assbot |
[HAVELOCK] [NEOBEE] 71 @ 0.00572005 = 0.4061 BTC [-] {2} |
| 21:41 |
assbot |
[HAVELOCK] [NEOBEE] 760 @ 0.00589998 = 4.484 BTC [+] {4} |
| 21:42 |
assbot |
[MPEX] [S.MPOE] 14700 @ 0.00088292 = 12.9789 BTC [+] |
| 21:42 |
Apocalyptic |
Bugpowder, nothing on their website |
| 21:46 |
assbot |
[HAVELOCK] [NEOBEE] 50 @ 0.0059 = 0.295 BTC [+] |
| 21:47 |
assbot |
[HAVELOCK] [NEOBEE] 22 @ 0.0059 = 0.1298 BTC [+] |
| 21:51 |
assbot |
[MPEX] [S.MPOE] 15700 @ 0.00088238 = 13.8534 BTC [-] {2} |
| 21:51 |
assbot |
[HAVELOCK] [NEOBEE] 233 @ 0.0059 = 1.3747 BTC [+] |
| 22:01 |
assbot |
[HAVELOCK] [NEOBEE] 30 @ 0.0059 = 0.177 BTC [+] |
| 22:02 |
assbot |
[MPEX] [S.MPOE] 10200 @ 0.00088221 = 8.9985 BTC [-] {2} |
| 22:04 |
assbot |
[HAVELOCK] [NEOBEE] 45 @ 0.0059 = 0.2655 BTC [+] |
| 22:10 |
assbot |
[HAVELOCK] [PETA] 9 @ 0.10888889 = 0.98 BTC [-] {5} |
| 22:13 |
assbot |
[HAVELOCK] [B.EXCH] 2 @ 0.16230094 = 0.3246 BTC [-] |
| 22:13 |
assbot |
[MPEX] [S.MPOE] 12851 @ 0.00088534 = 11.3775 BTC [+] {2} |
| 22:15 |
assbot |
[HAVELOCK] [AM1] 1 @ 0.499 BTC [+] |
| 22:15 |
assbot |
[HAVELOCK] [NEOBEE] 41 @ 0.0059 = 0.2419 BTC [+] |
| 22:16 |
assbot |
[HAVELOCK] [NEOBEE] 72 @ 0.0059 = 0.4248 BTC [+] |
| 22:20 |
assbot |
[HAVELOCK] [AM1] 2 @ 0.49945 = 0.9989 BTC [+] |
| 22:34 |
BingoBoingo |
.bait |
| 22:34 |
ozbot |
http://24.media.tumblr.com/39f541fc0f0a260d10cebe45d32a07ef/tumblr_mwb973RVdy1qh7loto1_1280.jpg |
| 22:35 |
assbot |
[HAVELOCK] [NEOBEE] 26 @ 0.00585 = 0.1521 BTC [-] |
| 22:35 |
assbot |
[HAVELOCK] [DEALCO] 50 @ 0.00534787 = 0.2674 BTC [+] {4} |
| 22:35 |
kakobrekla |
so jurov bait or not? |
| 22:35 |
deadweasel |
sharkbait |
| 22:38 |
assbot |
[HAVELOCK] [B.EXCH] 1 @ 0.16230094 BTC [-] |
| 22:43 |
assbot |
[HAVELOCK] [DEALCO] 73 @ 0.00535 = 0.3906 BTC [+] |
| 22:45 |
assbot |
[HAVELOCK] [B.MINE] 2 @ 0.0605 = 0.121 BTC [+] |
| 22:46 |
BingoBoingo |
Looks like slashdot is close again http://slashdot.org/submission/3366357/mtgox-collapse-should-come-as-no-suprise |
| 22:51 |
assbot |
[HAVELOCK] [NEOBEE] 400 @ 0.00584 = 2.336 BTC [-] |
| 22:51 |
kakobrekla |
!t h neobee |
| 22:51 |
assbot |
[HAVELOCK:NEOBEE] 1D: 0.00415000 / 0.00555781 / 0.00598000 (64684 shares, 359.50132705 BTC), 7D: 0.00278000 / 0.00428233 / 0.00598000 (330230 shares, 1414.15426935 BTC), 30D: 0.00257150 / 0.00391709 / 0.00598000 (453584 shares, 1776.72765874 BTC) |
| 22:52 |
assbot |
[MPEX] [S.MPOE] 36900 @ 0.0008861 = 32.6971 BTC [+] {4} |
| 22:55 |
nubbins` |
+1 insightful, bingo |
| 22:55 |
Jere_Jones |
getting eulora to build on windows is a serious pita |
| 22:56 |
nubbins` |
getting it to build on osx is a serious pita |
| 22:56 |
nubbins` |
almost there tho :D |
| 22:56 |
BingoBoingo |
Thanks nubbins` almost there indeed |
| 22:56 |
assbot |
[HAVELOCK] [NEOBEE] 170 @ 0.00585 = 0.9945 BTC [+] |
| 22:56 |
nubbins` |
Jere_Jones: had to get my hands a bit dirty and start modifying code |
| 22:57 |
assbot |
[HAVELOCK] [NEOBEE] 34 @ 0.00585 = 0.1989 BTC [+] |
| 22:58 |
Jere_Jones |
I'm still fighting with the configure. I have to add a line to touch a file every couple hundred lines because windows is dumb about empty sets. |
| 23:00 |
ThickAsThieves |
;;rate MagicalTux -10 Caused my father-in-law to call my wife worried about whether I got out of bitcoin before it died. |
| 23:00 |
gribble |
Rating entry successful. Your rating of -10 for user MagicalTux has been recorded. |
| 23:00 |
assbot |
[HAVELOCK] [NEOBEE] 166 @ 0.00584 = 0.9694 BTC [-] {2} |
| 23:01 |
BingoBoingo |
lol |
| 23:02 |
BingoBoingo |
;;rate MagicalTux -10 wanted everybody's personal information, offered none of its |
| 23:02 |
gribble |
Rating entry successful. Your rating for user MagicalTux has changed from -10 to -10. |
| 23:02 |
assbot |
[HAVELOCK] [NEOBEE] 29 @ 0.00584241 = 0.1694 BTC [+] {2} |
| 23:02 |
assbot |
[MPEX] [S.MPOE] 21950 @ 0.0008813 = 19.3445 BTC [-] {3} |
| 23:03 |
joecool |
;;gettrust MagicalTux |
| 23:03 |
assbot |
[HAVELOCK] [NEOBEE] 23 @ 0.00585 = 0.1346 BTC [+] |
| 23:03 |
gribble |
WARNING: Currently not authenticated. Trust relationship from user joecool to user MagicalTux: Level 1: -3, Level 2: 4 via 3 connections. Graph: http://b-otc.com/stg?source=joecool&dest=MagicalTux | WoT data: http://b-otc.com/vrd?nick=MagicalTux | Rated since: Mon Dec 20 13:21:21 2010 |
| 23:05 |
BingoBoingo |
Oh a wired writer is getting into a conversation |
| 23:06 |
assbot |
[HAVELOCK] [NEOBEE] 19 @ 0.00585 = 0.1112 BTC [+] |
| 23:06 |
joecool |
;;rated mtgox |
| 23:06 |
gribble |
You rated user mtgox on Sun Nov 24 23:57:46 2013, with a rating of -10, and supplied these additional notes: sucks. |
| 23:06 |
nubbins` |
mention about that guy sudelis or whatever redacting the pdf himself |
| 23:07 |
Diablo-D3 |
http://online.wsj.com/news/articles/SB10001424052702303880604579405852448992982 |
| 23:07 |
ozbot |
Mt. Gox Receives Subpoena From Federal Prosecutor: Source - WSJ.com |
| 23:07 |
nubbins` |
selkis |
| 23:08 |
mircea_popescu |
;;later tell benkay vaguely. |
| 23:08 |
gribble |
The operation succeeded. |
| 23:08 |
nubbins` |
i saw his name in an associated press article today |
| 23:09 |
joecool |
;;rate MagicalTux -9 the single largest contributing factor to negative press on bitcoin and the lack trust of the community, not -10 because kalyhost hasn't burned me yet and I have a bet riding on you going to jail |
| 23:09 |
gribble |
Rating entry successful. Your rating for user MagicalTux has changed from -3 to -9. |
| 23:10 |
joecool |
o wrong chan |
| 23:10 |
joecool |
whatever |
| 23:10 |
mircea_popescu |
joecool lol amusingly i think i wrote last year about how mtgox is the one single worst thing in btc. |
| 23:10 |
BingoBoingo |
joecool: Well, gribble's here it works |
| 23:10 |
BingoBoingo |
mircea_popescu: That article is part of the bit I am trying to get on slashdot nao |
| 23:10 |
punkman1 |
wait, someone uses karpeles' hosting? |
| 23:11 |
mircea_popescu |
oic. |
| 23:11 |
mircea_popescu |
punkman1 that's nothing, sometimes i see people in btc on linode. |
| 23:11 |
joecool |
punkman1: registrar |
| 23:11 |
Apocalyptic |
punkman1, heh |
| 23:11 |
|
hi |
| 23:12 |
nubbins` |
hi |
| 23:12 |
joecool |
it's funny how small and quiet the support channel is for it too |
| 23:12 |
|
asl |
| 23:12 |
joecool |
MT is still sitting in there |
| 23:12 |
Apocalyptic |
.d |
| 23:12 |
ozbot |
3.130 billion | Next Diff in 435 blocks | Estimated Change: 20.0629% in 2d 9h 53m 33s |
| 23:12 |
|
its a irc bouncer |
| 23:12 |
|
I wouldn't put too much stock in it |
| 23:12 |
nubbins` |
18/f/single |
| 23:12 |
kakobrekla |
not even laughing stock? |
| 23:12 |
mircea_popescu |
[\\\] you are 12 and what are you doing here |
| 23:12 |
nubbins` |
i mean usa |
| 23:13 |
|
mircea_popescu: .boobies |
| 23:13 |
mircea_popescu |
.d erp |
| 23:13 |
|
.bait |
| 23:13 |
joecool |
[\\\]: does he have it issuing commands regularly, i have not seen idle time of over 2 hours ever |
| 23:13 |
ozbot |
http://25.media.tumblr.com/8afa1c22159f8c9b336dc829a17cef8a/tumblr_mp47uxcB0B1svc1bto1_500.jpg |
| 23:13 |
joecool |
in the past day or so |
| 23:13 |
BingoBoingo |
puppies.txt |
| 23:13 |
Apocalyptic |
""At this stage the relevant financial authorities, the police, the Finance Ministry and others are gathering information on the case,"" |
| 23:13 |
mircea_popescu |
oic, at THIS stage. |
| 23:13 |
|
Apocalyptic: link |
| 23:13 |
Apocalyptic |
that escalated quite quickly |
| 23:13 |
dexX7 |
joecool: it's silent, because the channel is muted |
| 23:13 |
Apocalyptic |
http://www.cnbc.com/id/101446338 |
| 23:13 |
ozbot |
Japan authorities looking into closure of Mt. Gox bitcoin exchange |
| 23:13 |
mircea_popescu |
god forbid they fucking read trilema gathered shit at THAT stage. |
| 23:14 |
joecool |
dexX7: not the channel i'm talking about :) |
| 23:14 |
joecool |
#mtgox has 625, this channel has 12 |
| 23:14 |
joecool |
totally different scale |
| 23:15 |
BingoBoingo |
Eh, Imma trying to get that April 2013 Trilema on Slashdot, but... weeknights are hard |
| 23:15 |
kakobrekla |
13 |
| 23:15 |
joecool |
:) |
| 23:16 |
Diablo-D3 |
http://www.cnbc.com/id/101446338, |
| 23:16 |
ozbot |
Japan authorities looking into closure of Mt. Gox bitcoin exchange |
| 23:16 |
Diablo-D3 |
http://www.cnbc.com/id/101446338 |
| 23:16 |
ozbot |
Japan authorities looking into closure of Mt. Gox bitcoin exchange |
| 23:16 |
|
great |
| 23:16 |
|
as if we didn't have that link already |
| 23:16 |
assbot |
[MPEX] [S.MPOE] 16700 @ 0.00087924 = 14.6833 BTC [-] {2} |
| 23:16 |
|
derp |
| 23:17 |
BingoBoingo |
-assets will get all of the links |
| 23:17 |
kakobrekla |
trice |
| 23:18 |
jcpham |
that wickedfire thread is a good read |
| 23:18 |
|
good thing gox has all of pirate's coins. |
| 23:18 |
jcpham |
+___+++! |
| 23:18 |
jcpham |
1 |
| 23:18 |
|
I know, because copumpkin is still screwing his sister. |
| 23:18 |
copumpkin |
damn right |
| 23:18 |
assbot |
[MPEX] [S.MPOE] 23400 @ 0.00087998 = 20.5915 BTC [+] |
| 23:18 |
assbot |
[HAVELOCK] [PETA] 11 @ 0.10801828 = 1.1882 BTC [-] {4} |
| 23:18 |
jcpham |
he would've moved to stamp ages ago |
| 23:18 |
|
incest is awesome |
| 23:18 |
copumpkin |
I only screw sisters |
| 23:19 |
|
your own sisters. |
| 23:19 |
jcpham |
i never had a sister |
| 23:19 |
|
jcpham: because copumpkin screwed her. |
| 23:19 |
BingoBoingo |
I though they had Pirate's dollars, because I remember his runaway fail halving value from two digit USD to one digit USD |
| 23:19 |
|
then she became your mother, not your sister. |
| 23:19 |
Mats_cd03 |
would you be my father |
| 23:20 |
|
nah, she swallows now |
| 23:20 |
Mats_cd03 |
do you swallow |
| 23:20 |
mircea_popescu |
kakobrekla "in triplicate" |
| 23:20 |
mircea_popescu |
[\\\] what mtgox does have is all that's left of bitcoinica coins |
| 23:20 |
jcpham |
copumpkin you FUCKED MY SISTER?!?! |
| 23:20 |
mircea_popescu |
which will be so lulzy if it isn't already |
| 23:20 |
KRS1 |
.bait |
| 23:20 |
jcpham |
what abstard move |
| 23:20 |
ozbot |
http://25.media.tumblr.com/dc31b110863128d01be6823634e590de/tumblr_mwhz2zcJjX1rr5x73o1_1280.jpg |
| 23:20 |
copumpkin |
yeah |
| 23:21 |
jcpham |
mircea_popescu i'm thinking mtgox is scam |
| 23:21 |
jcpham |
i dunno though |
| 23:21 |
mircea_popescu |
best buy some debt |
| 23:21 |
BingoBoingo |
MtGox Scamming since 2010 |
| 23:21 |
KRS1 |
haha |
| 23:21 |
jcpham |
lolololol |
| 23:21 |
|
guess its time to set up a new asset on glbse to sell gox debt |
| 23:21 |
|
where's goat when you need him? he's good at that. |
| 23:22 |
KRS1 |
lol \\\ |
| 23:22 |
jcpham |
havelock requires credentials |
| 23:22 |
jcpham |
so it's out |
| 23:22 |
BingoBoingo |
When does MPEX list SYN.GOX |
| 23:22 |
|
jcpham: keepass will make as many credentials that you need |
| 23:22 |
nubbins` |
what are credentials, anyway! |
| 23:22 |
BingoBoingo |
;;ticker --market all |
| 23:22 |
gribble |
MtGox BTCUSD last: 135.0, vol: 0.00000000 | Bitstamp BTCUSD last: 562.99, vol: 104844.03125090 | BTC-E BTCUSD last: 552.861, vol: 64325.15053 | Bitfinex BTCUSD last: 564.25, vol: 82686.21481199 | BTCChina BTCUSD last: 562.8768, vol: 24690.89200000 | Volume-weighted last average: 561.000604912 |
| 23:22 |
jcpham |
[\\\] did you check out teespring |
| 23:22 |
jcpham |
for the shirt |
| 23:22 |
|
nope |
| 23:22 |
assbot |
[HAVELOCK] [NEOBEE] 250 @ 0.0059 = 1.475 BTC [+] |
| 23:22 |
|
I figured someone beat me to market |
| 23:23 |
jcpham |
same thing as the thing you were doing |
| 23:23 |
jcpham |
but you can crowd fund the hirt |
| 23:23 |
jcpham |
*shirt |
| 23:23 |
|
do they accept bitcoins and allow me to make a large markup? |
| 23:23 |
jcpham |
so like it's paul graham YC thing |
| 23:23 |
jcpham |
sell it back ot them |
| 23:23 |
nubbins` |
i accept bitcoins and allow you to make a large markup |
| 23:23 |
mircea_popescu |
BingoBoingo moar like ACK.GOX |
| 23:23 |
jcpham |
or nubbins` |
| 23:23 |
BingoBoingo |
Lol |
| 23:24 |
|
how about got.gox |
| 23:24 |
jcpham |
nubbins` this shirt: http://www.customink.com/designs/goxyubikey/gjk0-000z-hs5a/twt |
| 23:24 |
jcpham |
no infringing logos |
| 23:24 |
jcpham |
how much shirt in btc |
| 23:24 |
jcpham |
*per shirt |
| 23:24 |
BingoBoingo |
Maybe someone can pull a Deprived SYN.GOX vs. ACK.GOX |
| 23:24 |
nubbins` |
heh |
| 23:24 |
nubbins` |
i like em |
| 23:24 |
assbot |
[HAVELOCK] [NEOBEE] 31 @ 0.0059 = 0.1829 BTC [+] |
| 23:24 |
|
aww |
| 23:24 |
jcpham |
yeah let's do it |
| 23:25 |
nubbins` |
jcpham, depends on quantity |
| 23:25 |
|
now the ideas been hatched |
| 23:25 |
BingoBoingo |
nubbins`: How much do you charge for bespoke t-shirts again? |
| 23:25 |
jcpham |
i'll fund it |
| 23:25 |
nubbins` |
BingoBoingo: depends on quantity ;D |
| 23:25 |
jcpham |
or some of it |
| 23:25 |
BingoBoingo |
nubbins`: Singles + unique art. Baseball season is coming up. I need a goal to gamble that purse up to. |
| 23:26 |
nubbins` |
a single shirt with a one-color print is around $75 |
| 23:26 |
nubbins` |
with artwork provided by you |
| 23:26 |
nubbins` |
lots of setup time ;) |
| 23:27 |
BingoBoingo |
nubbins`: So If I also commisioned you to art it up on top of that how much could a t-shirt cost? |
| 23:27 |
jcpham |
we need to get like a simple site online asap for it |
| 23:27 |
jcpham |
i'm setting up a shopify site now for it |
| 23:27 |
KRS1 |
<MagicaITux> guys dont worry gox is coming back buy more btc |
| 23:27 |
jcpham |
that takes to long |
| 23:28 |
nubbins` |
design is $45/h, so it depends what you're looking for |
| 23:28 |
jcpham |
single color. single color logo |
| 23:28 |
jcpham |
i can zinodaur to do something |
| 23:28 |
jcpham |
let's see if he's online |
| 23:28 |
jcpham |
what time is it in romania |
| 23:29 |
|
http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/02/25/101444036-474778471.530x298.jpg?v=1393339121 |
| 23:29 |
|
dude's a glasshole |
| 23:29 |
BingoBoingo |
nubbins`: A Bulldozer, fuelled by whiskey and regret. I'm not ordering until baseball makes the money, but I need a goal to bet to. |
| 23:29 |
nubbins` |
heh. |
| 23:30 |
nubbins` |
call it an even $150 and i'll print you extras out of the change |
| 23:30 |
BingoBoingo |
nubbins`: Ans what if we skip the T-shirt and print on fancy bedsheets for a toga instead? |
| 23:30 |
nubbins` |
HEH |
| 23:31 |
BingoBoingo |
I wonder if actual Tyrian purple is still a thing |
| 23:31 |
nubbins` |
i'd have to price the sheets, what sort of thread count does sir require? |
| 23:32 |
assbot |
[MPEX] [S.MPOE] 5000 @ 0.0008788 = 4.394 BTC [-] |
| 23:32 |
BingoBoingo |
SInce we are pricing for the impending baseball seasons lets assume no threads, all Chamois |
| 23:32 |
nubbins` |
nice, good choice |
| 23:32 |
BingoBoingo |
Purple chamois, orange silkscreen |
| 23:32 |
nubbins` |
that'll be stylish |
| 23:33 |
assbot |
[HAVELOCK] [NEOBEE] 175 @ 0.0059 = 1.0325 BTC [+] {2} |
| 23:33 |
assbot |
[HAVELOCK] [PETA] 4 @ 0.10800014 = 0.432 BTC [-] |
| 23:33 |
BingoBoingo |
I'd go to all of the Toga partys in the Midwest and get all of the well entitted 19 year olds |
| 23:34 |
KRS1 |
Mmm |
| 23:34 |
assbot |
[HAVELOCK] [NEOBEE] 65 @ 0.0059 = 0.3835 BTC [+] |
| 23:34 |
KRS1 |
.bait |
| 23:34 |
ozbot |
http://24.media.tumblr.com/33dfe4d7ed36b2d14297562dfeb1ebb3/tumblr_mwv6yswT9D1s0yhsio1_1280.jpg |
| 23:35 |
assbot |
[HAVELOCK] [PETA] 16 @ 0.10800027 = 1.728 BTC [+] {4} |
| 23:35 |
BingoBoingo |
KRS1: Thinking a bit less european and quite a bit trashier |
| 23:45 |
assbot |
[MPEX] [S.MPOE] 13450 @ 0.00088478 = 11.9003 BTC [+] {3} |
| 23:46 |
assbot |
[HAVELOCK] [NEOBEE] 344 @ 0.00586511 = 2.0176 BTC [-] {2} |
| 23:47 |
assbot |
[HAVELOCK] [NEOBEE] 350 @ 0.0058487 = 2.047 BTC [-] {3} |
| 23:47 |
assbot |
[HAVELOCK] [RENT] 147 @ 0.0055 = 0.8085 BTC |
| 23:48 |
assbot |
[HAVELOCK] [NEOBEE] 60 @ 0.00583695 = 0.3502 BTC [-] {2} |
| 23:48 |
BingoBoingo |
https://twitter.com/DadBoner/status/438472711493275648 |
| 23:48 |
ozbot |
Twitter / DadBoner: Kroger manager said, "Did you ... |
| 23:49 |
assbot |
[HAVELOCK] [NEOBEE] 56 @ 0.00577674 = 0.3235 BTC [-] {2} |
| 23:49 |
asciilifeform |
on activists, 'equality', etc. with english subs. - https://www.youtube.com/watch?v=XTfw5jDK94Y&app=desktop |
| 23:49 |
asciilifeform |
(paging mircea_popescu!) |
| 23:50 |
mircea_popescu |
hehe writing an article right now, knee deep in the clouds and whatnot. |
| 23:50 |
mircea_popescu |
but inasec. |
| 23:56 |
mircea_popescu |
http://log.bitcoin-assets.com/?date=25-02-2014#531372 kako srsly, still with the motherfucking quotes ?! |
| 23:56 |
ozbot |
#bitcoin-assets log |
| 23:57 |
cads |
hey mircea_popescu, is there a simple terms explanation for what it means for a brownian process B(t) to be adapted relative to a filtration F_t? I understand that it means that for each t B(t) is F_t measurable, that is, B(t) is always fully measurable against the data F_t carries. In particular we do not require events available only to some future refinement F_s of the filtration. |
| 23:59 |
cads |
I'm wondering where does the filtration come from to begin with. |