Show Idle (>14 d.) Chans
← 2013-05-23 | 2013-05-25 → ↓
00:01 assbot [MPEX] [S.MPOE] 3950 @ 0.00071038 = 2.806 BTC [+]
00:01 assbot [MPEX] [S.MPOE] 4321 @ 0.00071117 = 3.073 BTC [+]
00:01 assbot [MPEX] [S.MPOE] 7729 @ 0.00071118 = 5.4967 BTC [+]
00:02 assbot [HAVELOCK] [ASICM] 3 @ 0.0257 = 0.0771 BTC [-]
00:03 assbot [BTCTC] [BTC-BOND] 5 @ 0.01019 = 0.051 BTC [+]
00:04 _aknap3 thestringpuller: I wouldn't know, to compare
00:14 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.025489 = 0.102 BTC [+]
00:16 assbot [HAVELOCK] [ASICM] 3 @ 0.0257 = 0.0771 BTC [-]
00:19 assbot [BTCTC] [TAT.ASICMINER] 36 @ 0.02549 = 0.9176 BTC [+]
00:19 assbot [MPEX] [S.MPOE] 22642 @ 0.00071118 = 16.1025 BTC [+]
00:19 assbot [MPEX] [S.MPOE] 1170 @ 0.00071174 = 0.8327 BTC [+]
00:21 assbot [BTCTC] [BASIC-MINING] 1 @ 0.61 BTC [-]
00:22 assbot [BTCTC] [TAT.ASICMINER] 122 @ 0.0255 = 3.111 BTC [+]
00:23 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.0255 = 0.51 BTC [+]
00:30 assbot [HAVELOCK] [ASICM] 15 @ 0.0258 = 0.387 BTC [+]
00:34 assbot [HAVELOCK] [ASICM] 25 @ 0.0258 = 0.645 BTC [+]
00:35 assbot [HAVELOCK] [ASICM] 100 @ 0.0256 = 2.56 BTC [-]
00:35 assbot [BTCTC] [TAT.ASICMINER] 98 @ 0.0255 = 2.499 BTC [+]
00:38 assbot [BTCTC] [TAT.ASICMINER] 97 @ 0.0255 = 2.4735 BTC [+]
00:41 assbot [BTCTC] [BASIC-MINING] 1 @ 0.6 BTC [-]
00:42 assbot [BTCTC] [TAT.ASICMINER] 35 @ 0.0255 = 0.8925 BTC [+]
00:43 assbot [BTCTC] [BITVPS] 247 @ 0.00085 = 0.21 BTC [+]
00:45 Chaaang-Noi yeah over 2.5 wh0000
00:45 assbot [BTCTC] [TAT.ASICMINER] 40 @ 0.0255 = 1.02 BTC [+]
00:45 assbot [BTCTC] [TAT.ASICMINER] 24 @ 0.0255 = 0.612 BTC [+]
00:55 assbot [BTCTC] [S.DICE-PT] 5 @ 0.002875 = 0.0144 BTC [-]
01:02 Chaaang-Noi s.dice is still haning in there
01:03 assbot [HAVELOCK] [ASICM] 20 @ 0.0255 = 0.51 BTC [-]
01:05 foglight good value at 0.002x ,imo
01:06 assbot [BTCTC] [COGNITIVE] 1 @ 0.270001 BTC [-]
01:06 assbot [BTCTC] [COGNITIVE] 11 @ 0.27 = 2.97 BTC [-]
01:06 Chaaang-Noi looking for .001 here
01:07 foglight arent we all
01:08 assbot [HAVELOCK] [ASICM] 38 @ 0.02589 = 0.9838 BTC [+]
01:08 foglight maybe exciting things are around the corner. maybe they'll change the background to blue
01:08 Chaaang-Noi some risks like eric knowning the secret daily password so he or a hacker could take that number and win all the money, us govt, people lose interest, .001 id buy a few but not many
01:08 truffles the sky is blue
01:09 assbot [BTCTC] [TAT.ASICMINER] 140 @ 0.0255 = 3.57 BTC [+]
01:09 ll secret password?
01:10 foglight def some risks
01:10 foglight lol
01:10 truffles tin foil moment?
01:11 foglight always in btcland
01:11 Chaaang-Noi at anytime eric or a hacker could steall all the funds, it is a risk
01:11 Chaaang-Noi not sayig it will happen
01:11 Chaaang-Noi saying it could happen and it is likely enough to think about when buying the stock
01:12 Chaaang-Noi 50% or more of these sort of thing go tits up cuz of "hacker"
01:12 foglight truth
01:13 foglight but i've made a lot off s.dice :D
01:13 foglight in the past
01:14 assbot [BTCTC] [BITVPS] 5 @ 0.000858 = 0.0043 BTC [+]
01:14 assbot [BTCTC] [MININGCO.ETF] 2 @ 0.74 = 1.48 BTC [+]
01:14 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.0248 = 0.2728 BTC [-]
01:15 assbot [BTCTC] [COGNITIVE] 1 @ 0.27 BTC [-]
01:15 assbot [BTCTC] [BITVPS] 7 @ 0.000858 = 0.006 BTC [+]
01:17 assbot [BTCTC] [COGNITIVE] 1 @ 0.27 BTC [-]
01:18 assbot [BTCTC] [TAT.ASICMINER] 39 @ 0.0255 = 0.9945 BTC [+]
01:20 bdk_kluge I made a lot off Pirate in the past.
01:20 bdk_kluge He just didn't give the hack excuse.
01:20 truffles "Lindstrand has been urging companies to more aggressively pursue balloon-based wireless networks but says that no one has stepped up yet. "[Google X's Plan to Wire the World]
01:20 truffles haha excuse
01:22 assbot [BTCTC] [BASIC-MINING] 1 @ 0.588501 BTC [-]
01:23 bdk_kluge How much would one of these balloons cost? What's involved in maintenance? I'm lacking towers in my area, and sure can't justify the cost of erecting one just for my own thing...
01:25 bdk_kluge May actually be very viable in rural, forested areas.
01:25 truffles theyre for non western countries im guessing
01:25 bdk_kluge I was thinking about just mounting big metal arms on hill-top trees, but that's kind of a sucky solution.
01:25 truffles let me just link u the article..
01:26 KRS-1 wouldnt bad weather move the balloons all around
01:26 assbot [BTCTC] [S.DICE-PT] 200 @ 0.002873 = 0.5746 BTC [-]
01:26 assbot [BTCTC] [S.DICE-PT] 85 @ 0.002875 = 0.2444 BTC [+]
01:26 assbot [BTCTC] [S.DICE-PT] 83 @ 0.00288 = 0.239 BTC [+]
01:26 Chaaang-Noi bdk_kluge> He just didn't give the hack excuse. he did not say anything much, we still dont know :/
01:26 assbot [BTCTC] [S.DICE-PT] 122 @ 0.002885 = 0.352 BTC [+]
01:26 assbot [BTCTC] [S.DICE-PT] 81 @ 0.00289 = 0.2341 BTC [+]
01:26 assbot [BTCTC] [S.DICE-PT] 279 @ 0.00289 = 0.8063 BTC [+]
01:26 assbot [BTCTC] [TAT.ASICMINER] 120 @ 0.0255 = 3.06 BTC [+]
01:26 truffles http://www.businessweek.com/articles/2013-05-23/is-this-google-xs-plan-to-wire-the-world
01:27 bdk_kluge Thanks.
01:28 truffles yea confirms my theory wanting to take over the world
01:28 bdk_kluge Haven't they pretty much, already?
01:29 assbot [BTCTC] [TAT.ASICMINER] 31 @ 0.0255 = 0.7905 BTC [+]
01:30 truffles no i still mainly use ymail
01:30 bdk_kluge "But solar-powered balloons packed with a fuel cell and an onboard motor can remain stationary for up to five years and are “perfectly feasible.”" Idea died right there for me.
01:31 bdk_kluge "it needs to be created by a small elite team with past airship experience" lol
01:31 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.0255 = 0.51 BTC [+]
01:31 truffles elite teams ftw
01:32 Chaaang-Noi lol
01:32 bdk_kluge Disappointment.
01:32 assbot [BTCTC] [CRYPTO-TRADE] 4 @ 0.19 = 0.76 BTC [-]
01:36 bdk_kluge Wonder if you could just chain the balloons to something physical. I never measured wattage draw of Ubiquiti radio.... wonder how reasonable this is.
01:37 bdk_kluge If the chain were tight, it might not move around too much to be unreasonable?
01:38 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.0255 = 0.2805 BTC [+]
01:40 truffles u r srs eh
01:40 assbot [BTCTC] [BITVPS] 25 @ 0.000857 = 0.0214 BTC [-]
01:40 truffles dont assist in world domination!
01:40 bdk_kluge Well, it can be tested out with trash bags and tape, so Hell yeah!
01:41 assbot [MPEX] [S.MPOE] 4230 @ 0.00071174 = 3.0107 BTC [+]
01:41 ericmuyser i really dont see what sdice can do to recover. stale mate
01:42 truffles i can
01:43 assbot [BTCTC] [BASIC-MINING] 1 @ 0.608999 BTC [+]
01:44 assbot [BTCTC] [BASIC-MINING] 2 @ 0.609 = 1.218 BTC [+]
01:49 assbot [BTCTC] [CRYPTO-TRADE] 6 @ 0.19 = 1.14 BTC [-]
01:50 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.0255 = 0.2805 BTC [+]
01:54 assbot [MPEX] [S.MPOE] 6270 @ 0.0007118 = 4.463 BTC [+]
01:55 Chaaang-Noi massive buy and sell walls ??? at gox?
01:55 Chaaang-Noi 25k coins to $10 either way, in fucking sane
01:55 assbot [BTCTC] [PAJKA.BOND] 2 @ 0.10989 = 0.2198 BTC [-]
01:55 bdk_kluge Pfff - only $3m?
01:56 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0255 BTC [+]
01:56 truffles cyptomoney isnt real ldo
01:56 bdk_kluge Doesn't the double-wall generally indicate someone wants to manipulate us upward with fake stability? :p
01:57 dub np
01:57 dub no*
01:57 assbot [MPEX] [S.MPOE] 4321 @ 0.00070814 = 3.0599 BTC [-]
01:57 assbot [MPEX] [S.MPOE] 7779 @ 0.00070813 = 5.5085 BTC [-]
01:57 Chaaang-Noi i will also go with no
01:58 assbot [BTCTC] [TAT.ASICMINER] 67 @ 0.0255 = 1.7085 BTC [+]
01:58 Chaaang-Noi looks like they are trying to force stability, and im okay with that
01:58 assbot [BTCTC] [PAJKA.BOND] 6 @ 0.109988 = 0.6599 BTC [+]
01:58 bdk_kluge Force stability for what?
01:59 Chaaang-Noi stable price
01:59 Chaaang-Noi so media quits bitching about the unstability
01:59 bdk_kluge They don't believe stability will aid in adoption and mid-term increase price?
01:59 bdk_kluge (adoption, and more importantly, confidence)
01:59 Chaaang-Noi stability and increase in price are oppisets
02:00 Chaaang-Noi but yes, mid term to long term you are right
02:00 ericmuyser oppisets..
02:00 Chaaang-Noi that is the thinking
02:00 Chaaang-Noi <ericmuyser> oppisets.. yes sir
02:01 bdk_kluge Or maybe it's a trap and I'm supposed to think the wall will enforce stability, when it's actually just readying for a massive dump!
02:01 bdk_kluge :o
02:01 ericmuyser or it's a wall and that's it
02:01 bdk_kluge But there are TWO walls! You can't explain that!
02:02 bdk_kluge Like fuckin' magnets...
02:03 Chaaang-Noi im honestly shocked we are even over $100
02:03 ericmuyser ya we survived a bubble without much dispair
02:04 ericmuyser should be really happy about that
02:04 Chaaang-Noi i am
02:04 Chaaang-Noi but man, i have a shit load of powder to buy back in
02:04 ericmuyser http://o7.no/11gZaBI
02:04 Chaaang-Noi i wanted 70$ btc
02:04 ericmuyser ya so the wall is a bit closer on the up side this time by $5 and doubled, and highest it usually gets.. pretty cool
02:05 assbot [MPEX] [S.MPOE] 4321 @ 0.0007133 = 3.0822 BTC [+]
02:05 assbot [MPEX] [S.MPOE] 10479 @ 0.00071361 = 7.4779 BTC [+]
02:05 ericmuyser market cap is almost 1.5 bil, sick
02:06 ericmuyser and AM is 130 mil kinda stable..
02:06 ericmuyser shock and awe
02:09 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.0255 = 0.102 BTC [+]
02:22 Chaaang-Noi i heart crypto
02:28 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.02558 = 0.2814 BTC [+]
02:28 assbot [BTCTC] [TAT.ASICMINER] 51 @ 0.02559 = 1.3051 BTC [+]
02:29 qxzn ericmuyser: what does AM stand for?
02:30 ericmuyser asicminer
02:30 qxzn ah ok
02:32 assbot [BTCTC] [TAT.ASICMINER] 12 @ 0.02565 = 0.3078 BTC [+]
02:38 assbot [BTCTC] [S.MPOE-PT] 2 @ 0.0007 = 0.0014 BTC [+]
~ 21 minutes ~
02:59 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.02565 = 0.1283 BTC [+]
03:06 assbot [MPEX] [S.MPOE] 4321 @ 0.00071078 = 3.0713 BTC [-]
03:06 assbot [MPEX] [S.MPOE] 14829 @ 0.00071066 = 10.5384 BTC [-]
03:12 assbot [HAVELOCK] [ASICM] 4 @ 0.0254111 = 0.1016 BTC [-]
03:13 Chaaang-Noi i see some btc auction
03:14 Chaaang-Noi action* 127 wh000
03:16 Chaaang-Noi wow wnt awat to walk dogs for 2 hours, almost nothing has pahhpened with asse3ts
03:19 assbot [BTCTC] [CRYPTO-TRADE] 2 @ 0.175 = 0.35 BTC [-]
03:26 bdk_kluge It's 11p-3a in ImportantVille. What could possibly happen?
03:26 Chaaang-Noi im used to see much more action
03:27 bdk_kluge Well, go visit your gf, then
03:35 assbot [BTCTC] [COGNITIVE] 6 @ 0.27 = 1.62 BTC [-]
03:40 assbot [HAVELOCK] [ASICM] 3 @ 0.02575 = 0.0773 BTC [+]
03:43 assbot [HAVELOCK] [HIM] 9 @ 2.4499 = 22.0491 BTC [+]
03:43 assbot [BTCTC] [TAT.ASICMINER] 32 @ 0.02565 = 0.8208 BTC [+]
03:43 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.0257 = 0.0514 BTC [+]
03:47 assbot [HAVELOCK] [HIM] 10 @ 2.45 = 24.5 BTC [+]
03:50 assbot [BTCTC] [TAT.ASICMINER] 15 @ 0.0257 = 0.3855 BTC [+]
03:51 saulimus you know what would be cool? a S&P500 type of chart for all stocks on an exchange. would give a nice overview of stocks' performance.. it's annoying to just look at numbers
03:52 assbot [HAVELOCK] [ASICM] 8 @ 0.02575 = 0.206 BTC [+]
03:52 assbot [HAVELOCK] [ASICM] 6 @ 0.02575 = 0.1545 BTC [+]
03:52 saulimus also, I'm lazy
03:52 bdk_kluge Email CNBC.
03:56 assbot [HAVELOCK] [ASICM] 6 @ 0.02589 = 0.1553 BTC [+]
03:56 Chaaang-Noi bitcoin is listed at cnbc already
03:56 Chaaang-Noi but not btc stocks :)
03:56 bdk_kluge (yet!)
03:56 Chaaang-Noi we would need a real exchange first
03:56 Chaaang-Noi the best stock AM is not even listed on an exchange
03:57 assbot [HAVELOCK] [KCIM] 2 @ 1.1326 = 2.2652 BTC [+]
03:57 Chaaang-Noi self managed
03:57 assbot [HAVELOCK] [KCIM] 2 @ 1.1327 = 2.2654 BTC [+]
04:02 ericmuyser saulimus: http://fnords.dontexist.com/ ?
04:07 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.58 BTC [+]
04:07 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.55 = 10.2 BTC [-]
04:07 assbot [BTCTC] [TAT.ASICMINER] 7 @ 0.0257 = 0.1799 BTC [+]
04:15 assbot [BTCTC] [ASICMINER-PT] 6 @ 2.55 = 15.3 BTC [-]
04:18 assbot [HAVELOCK] [ASICM] 68 @ 0.02589 = 1.7605 BTC [+]
04:19 davout hello fine assets crowd
04:20 assbot [HAVELOCK] [ASICM] 10 @ 0.02589 = 0.2589 BTC [+]
04:20 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.57 BTC [+]
04:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.579 BTC [+]
04:23 assbot [BTCTC] [BITVPS] 125 @ 0.000857 = 0.1071 BTC [-]
04:23 assbot [BTCTC] [BITVPS] 375 @ 0.000857 = 0.3214 BTC [-]
04:24 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.579 BTC [+]
04:24 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.579 = 5.158 BTC [+]
04:28 Namworld Hello
04:29 bdk_kluge Hello, world
04:31 Namworld <?php echo 'Hello, world!'; ?>
04:34 assbot [HAVELOCK] [ASICM] 94 @ 0.02589 = 2.4337 BTC [+]
04:35 parseval inhies: Are you there?
04:36 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.0257 = 0.514 BTC [+]
04:37 assbot [HAVELOCK] [VTX] 2 @ 0.4298 = 0.8596 BTC [+]
04:37 assbot [HAVELOCK] [VTX] 2 @ 0.43 = 0.86 BTC [+]
04:38 assbot [HAVELOCK] [VTX] 2 @ 0.43 = 0.86 BTC [+]
04:38 assbot [HAVELOCK] [VTX] 5 @ 0.4439 = 2.2195 BTC [+]
04:38 assbot [HAVELOCK] [VTX] 28 @ 0.444 = 12.432 BTC [+]
04:38 assbot [BTCTC] [S.MPOE-PT] 15 @ 0.0007 = 0.0105 BTC [+]
04:40 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0257 BTC [+]
04:41 assbot [BTCTC] [TAT.ASICMINER] 142 @ 0.0257 = 3.6494 BTC [+]
04:44 assbot [BTCTC] [TAT.ASICMINER] 13 @ 0.0257 = 0.3341 BTC [+]
04:45 assbot [HAVELOCK] [ASICM] 40 @ 0.02589 = 1.0356 BTC [+]
04:50 assbot [HAVELOCK] [VTX] 2 @ 0.444 = 0.888 BTC [+]
04:51 assbot [HAVELOCK] [ASICM] 9 @ 0.02589 = 0.233 BTC [+]
04:52 inhies parseval: i am now
04:52 assbot [BTCTC] [BASIC-MINING] 1 @ 0.6089 BTC [-]
04:52 inhies still around? i just got home
04:52 parseval Cool, check this out http://dpaste.com/hold/1197404/
04:53 inhies ah yea
04:54 inhies just saw your post in the thread
04:54 inhies thank you, i'll have to dig through it
04:54 inhies i think i know enough python to make sense of it :)
04:54 parseval If you're doing an app for yourself then you only need to run it once to get the credentials, then you can just save them
04:55 parseval No more of that copy/paste stuff.
04:56 parseval Now I'm having a problem in the same area.. it's like the only thing that works are the oob credentials. No callbacks are being made..
04:56 parseval I know they must be, somehow, because they work on btcjam, but it's not visiting my callback_url at all
04:57 inhies ah yea
04:57 inhies its not the verification that gets saved though is it?
04:57 inhies i thoguht it was the credentials that ge made AFTER that
04:57 inhies but i havent made it passed that yet with btctc and its been awhile since ive done oauth with anything else
04:59 parseval Right, after you paste the verifier you will get another secret
05:00 assbot [BTCTC] [BASIC-MINING] 1 @ 0.609 BTC [+]
05:01 inhies yea, tahts what i saved before
05:01 inhies but im getting invalid verifier
05:01 assbot [BTCTC] [BASIC-MINING] 2 @ 0.61 = 1.22 BTC [+]
05:01 inhies ill look over this code tomorrow, its bedtime
05:01 inhies thank you for this
05:02 inhies if i cant get this to work i'll show you my code (its Go though)
05:02 inhies and maybe we can figure it out
05:03 assbot [HAVELOCK] [ASICM] 1 @ 0.02589 BTC [+]
05:03 assbot [MPEX] [S.MPOE] 10500 @ 0.00071128 = 7.4684 BTC [+]
05:03 assbot [MPEX] [S.MPOE] 4900 @ 0.00071066 = 3.4822 BTC [-]
05:05 assbot [BTCTC] [RSM] 1 @ 0.0114 BTC [-]
05:07 parseval Alright
05:07 parseval Night
05:08 ThickAsThieves http://www.abc.net.au/science/articles/2013/05/21/3763135.htm#.UZ8uH7VvOXv
05:09 assbot [MPEX] [S.MPOE] 1487 @ 0.00071264 = 1.0597 BTC [+]
05:09 ThickAsThieves (scientists identify cell of limb regeneration)
05:09 assbot [MPEX] [S.MPOE] 3371 @ 0.00071361 = 2.4056 BTC [+]
05:09 assbot [MPEX] [S.MPOE] 4321 @ 0.00071364 = 3.0836 BTC [+]
05:09 assbot [MPEX] [S.MPOE] 11721 @ 0.00071365 = 8.3647 BTC [+]
05:09 assbot [BTCTC] [COGNITIVE] 1 @ 0.289999 BTC [+]
05:09 assbot [BTCTC] [COGNITIVE] 2 @ 0.29 = 0.58 BTC [+]
~ 21 minutes ~
05:31 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0258 BTC [+]
05:31 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0257 BTC [-]
05:43 assbot [HAVELOCK] [ASICM] 38 @ 0.0258 = 0.9804 BTC [-]
05:43 assbot [HAVELOCK] [ASICM] 100 @ 0.02579 = 2.579 BTC [-]
05:43 assbot [HAVELOCK] [ASICM] 26 @ 0.02575 = 0.6695 BTC [-]
05:43 assbot [HAVELOCK] [ASICM] 86 @ 0.02575 = 2.2145 BTC [-]
05:43 assbot [BTCTC] [BASIC-MINING] 2 @ 0.618 = 1.236 BTC [+]
05:44 assbot [BTCTC] [TAT.ASICMINER] 35 @ 0.0257 = 0.8995 BTC [-]
05:46 assbot [MPEX] [S.MPOE] 10583 @ 0.00071343 = 7.5502 BTC [-]
05:49 assbot [BTCTC] [TAT.ASICMINER] 60 @ 0.0255 = 1.53 BTC [-]
05:51 assbot [HAVELOCK] [ASICM] 3 @ 0.0254 = 0.0762 BTC [-]
05:51 assbot [HAVELOCK] [ASICM] 14 @ 0.02575 = 0.3605 BTC [+]
05:51 assbot [HAVELOCK] [ASICM] 76 @ 0.0254111 = 1.9312 BTC [-]
05:51 assbot [HAVELOCK] [ASICM] 272 @ 0.02540001 = 6.9088 BTC [-]
05:55 fiat500 hm, did AM stop solomining?
05:56 assbot [HAVELOCK] [ASICM] 228 @ 0.02540001 = 5.7912 BTC [-]
05:56 assbot [HAVELOCK] [ASICM] 750 @ 0.0254 = 19.05 BTC [-]
05:56 assbot [HAVELOCK] [ASICM] 22 @ 0.0254 = 0.5588 BTC [-]
05:57 assbot [BTCTC] [TAT.ASICMINER] 22 @ 0.0258 = 0.5676 BTC [+]
06:02 ThickAsThieves they have about 5th offline atm http://www.asicminercharts.com/live/
06:02 mircea_popescu why is that ?
06:02 ThickAsThieves ;;nethash
06:02 gribble 91261.2224951
06:03 ThickAsThieves they usually have some go offline when thet are adding or tweaking
06:03 ThickAsThieves temporary
06:03 ThickAsThieves ;;bc,stats
06:03 gribble Current Blocks: 237674 | Current Difficulty: 1.1187257461360792E7 | Next Difficulty At Block: 237887 | Next Difficulty In: 213 blocks | Next Difficulty In About: 1 day, 5 hours, 12 minutes, and 41 seconds | Next Difficulty Estimate: 12062213.1227 | Estimated Percent Change: 7.821
06:03 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.02588 = 0.1035 BTC [+]
06:12 assbot [BTCTC] [ASICMINER-PT] 1 @ 1.6 BTC [-]
06:15 mircea_popescu "I am willing to pay top dollar for someone to help me cosign a mortgage. I have no family I can ask. I have good credit and equity. I need someone in California with good credit and high income."
06:15 mircea_popescu bwagagaga ok this is the best yet.
06:16 fiat500 sign me up!
06:17 bdk_kluge I'd imagine there'd be quite a few drug dealers interested in creating such an offer.
06:18 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.535 BTC [+]
06:19 mircea_popescu as opposed to you know... simply bankrupt people.
06:34 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.579 = 5.158 BTC [+]
06:35 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.58 = 5.16 BTC [+]
06:36 assbot [HAVELOCK] [ASICM] 4 @ 0.0258 = 0.1032 BTC [+]
06:38 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.525 BTC [-]
06:38 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.589 BTC [+]
06:40 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.589 = 10.356 BTC [+]
06:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.525001 BTC [-]
06:41 assbot [BTCTC] [TAT.ASICMINER] 61 @ 0.02588 = 1.5787 BTC [+]
06:42 assbot [BTCTC] [TAT.ASICMINER] 8 @ 0.02589 = 0.2071 BTC [+]
06:43 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02589 BTC [+]
06:45 assbot [HAVELOCK] [ASICM] 1 @ 0.0258 BTC [+]
06:45 assbot [BTCTC] [S.DICE-PT] 7 @ 0.00287 = 0.0201 BTC [-]
06:45 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5101 BTC [-]
06:45 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.576 BTC [+]
06:46 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.51 = 7.53 BTC [-]
06:49 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.51 BTC [-]
06:49 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02589 BTC [+]
06:51 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.565 BTC [+]
06:51 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.57 BTC [+]
06:55 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.51 = 5.02 BTC [-]
06:55 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.505 BTC [-]
07:00 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.512 BTC [+]
07:05 dub !ticker bc asicminer-pt
07:05 assbot Aren't those tins of tobacco right there behind you?
07:05 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5001 BTC [-]
07:05 dub !ticker bt asicminer-pt
07:05 assbot [BTCT:ASICMINER-PT] 1D: 2.314 / 2.44787 / 2.589 (1144 shares, 2800.4 BTC), 7D: 1.81 / 2.3486 / 2.743 (5660 shares, 13293.1 BTC), 30D: 1.0711 / 1.82434 / 2.743 (13397 shares, 24440.7 BTC)
07:06 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.50011 = 5.0002 BTC [+]
07:12 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.02589 = 0.1036 BTC [+]
07:17 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0256 BTC [-]
07:18 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.538 BTC [+]
07:18 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.538 = 5.076 BTC [+]
07:20 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.538 = 5.076 BTC [+]
07:20 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.539 = 10.156 BTC [+]
07:20 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.538 BTC [-]
07:24 assbot [BTCTC] [TAT.ASICMINER] 12 @ 0.02589 = 0.3107 BTC [+]
07:26 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.51 BTC [-]
07:33 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02589 BTC [+]
07:34 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.543999 BTC [+]
07:35 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.51 = 7.53 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.507 = 5.014 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.506 = 5.012 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.505 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.501 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.500002 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 203 @ 2.500001 = 507.5002 BTC [-]
07:35 assbot [BTCTC] [ASICMINER-PT] 8 @ 2.5 = 20 BTC [-]
07:37 assbot [HAVELOCK] [ASICM] 10 @ 0.0258 = 0.258 BTC [+]
07:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.501001 BTC [+]
07:46 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.501 = 5.002 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0256 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 38 @ 0.0256 = 0.9728 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02551 = 0.051 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.02551 = 0.2551 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 8 @ 0.0255 = 0.204 BTC [-]
07:47 assbot [BTCTC] [TAT.ASICMINER] 41 @ 0.025314 = 1.0379 BTC [-]
07:47 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.538999 BTC [+]
07:54 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.470001 BTC [-]
07:54 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47 BTC [-]
07:54 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47 BTC [-]
07:54 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4511 BTC [-]
07:55 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.451001 BTC [-]
07:55 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.450003 BTC [-]
07:55 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.450002 BTC [-]
07:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.450001 BTC [-]
07:58 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.025315 = 0.1266 BTC [+]
08:00 assbot [BTCTC] [TAT.ASICMINER] 40 @ 0.02589 = 1.0356 BTC [+]
08:00 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02589 BTC [+]
08:00 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5 BTC [+]
08:03 assbot [HAVELOCK] [ASICM] 6 @ 0.0258 = 0.1548 BTC [+]
08:07 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.025889 = 0.1036 BTC [-]
08:14 assbot [BTCTC] [RSM] 1 @ 0.00866 BTC [-]
08:14 assbot [BTCTC] [RSM] 2 @ 0.00865 = 0.0173 BTC [-]
08:14 assbot [BTCTC] [PAJKA.BOND] 2 @ 0.109988 = 0.22 BTC [+]
08:27 assbot [BTCTC] [ASICMINER-PT] 10 @ 2.504 = 25.04 BTC [+]
08:29 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.505 BTC [+]
08:34 assbot [HAVELOCK] [ASICM] 1 @ 0.0258 BTC [+]
08:34 assbot [HAVELOCK] [ASICM] 13 @ 0.0258 = 0.3354 BTC [+]
08:41 assbot [HAVELOCK] [SDICE] 10 @ 0.22 = 2.2 BTC [-]
08:42 assbot [BTCTC] [ASICMINER-PT] 5 @ 2.506 = 12.53 BTC [+]
08:43 assbot [HAVELOCK] [ASICM] 5 @ 0.0258 = 0.129 BTC [+]
08:47 assbot [HAVELOCK] [ASICM] 6 @ 0.0258 = 0.1548 BTC [+]
08:48 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.528 BTC [+]
08:48 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.529 BTC [+]
08:52 assbot [HAVELOCK] [ASICM] 25 @ 0.0258 = 0.645 BTC [+]
08:52 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.505 = 5.01 BTC [-]
08:53 assbot [HAVELOCK] [ASICM] 46 @ 0.0258 = 1.1868 BTC [+]
08:55 assbot [BTCTC] [TAT.ASICMINER] 14 @ 0.0258 = 0.3612 BTC [-]
08:56 assbot [BTCTC] [TAT.ASICMINER] 98 @ 0.0258 = 2.5284 BTC [-]
08:56 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.0258 = 0.0774 BTC [-]
08:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.529 BTC [+]
09:04 assbot [BTCTC] [TAT.ASICMINER] 26 @ 0.025889 = 0.6731 BTC [+]
09:08 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.0254 = 0.2286 BTC [-]
09:10 cole_albon ;;bc,24hprc
09:10 gribble 125.08
09:13 assbot [HAVELOCK] [SDICE] 1 @ 0.225 BTC [+]
09:14 ThickAsThieves "Could TAT shares just be pegged to 1/100 the price of PT shares? I think theres alot of arbitrage going on between the prices of the two causing extra market volatility ... It just seems illogical that at times 100 TAT shares can cost more than 1 PT share when they only pay 95% of the PT dividend."
09:14 ThickAsThieves oh, the humanity
09:16 assbot [HAVELOCK] [ASICM] 9 @ 0.02579 = 0.2321 BTC [-]
09:16 parseval That would be hell to implement
09:16 ThickAsThieves and totally retarded
09:16 parseval "Sorry, you can only offer your shares up for this price"
09:16 ThickAsThieves why would i peg my price? So i can lose?
09:16 ThickAsThieves also
09:16 Diablo-D3 pegging makes no sense
09:16 ThickAsThieves since when did arb cause volatility?
09:16 Diablo-D3 let arb bots do it
09:17 Diablo-D3 ThickAsThieves: they dont
09:17 Diablo-D3 they reduce it
09:17 ThickAsThieves exactly
09:17 ThickAsThieves dude just saw the best price somewhere else but couldnt afford a whole share
09:17 Diablo-D3 are you charging a fee for TAT?
09:17 ThickAsThieves 5% of divs
09:18 Diablo-D3 you know what you should do?
09:18 ThickAsThieves which is a pittance
09:18 ThickAsThieves what
09:18 Diablo-D3 buy DMC shares and trade for the AM
09:18 ThickAsThieves i try
09:18 ThickAsThieves they are too spensive
09:18 Diablo-D3 yeah but you can sell them as TAT shares at whatever price you want
09:18 Diablo-D3 eventually the market will meet it
09:18 parseval I saw that, it didn't even come up to a whole BTC for this div, at 9 btc paid out
09:19 Diablo-D3 which reminds me, I have another 14 BTC to pay out as div for DMC
09:19 parseval It was like.. .45btc if my math is right
09:19 parseval It's not a bad management fee at all
09:19 assbot [BTCTC] [ASICMINER-PT] 38 @ 2.505 = 95.19 BTC [-]
09:21 ThickAsThieves unfortunately, many perceive the stock as being worth 5% less overall
09:21 ThickAsThieves when it isn't as simple as that
09:23 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02535 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 49 @ 0.025314 = 1.2404 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 31 @ 0.025314 = 0.7847 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02531 = 0.0506 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 19 @ 0.02531 = 0.4809 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 70 @ 0.0253 = 1.771 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 18 @ 0.0253 = 0.4554 BTC [-]
09:23 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.0252 = 0.252 BTC [-]
09:25 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02579 BTC [+]
09:26 Diablo-D3 lolwhat.
09:27 ThickAsThieves i was referring to TAT.AM, not DMC
09:27 assbot [BTCTC] [S.DICE-PT] 1714 @ 0.00287 = 4.9192 BTC [-]
09:28 assbot [BTCTC] [S.DICE-PT] 2877 @ 0.00288 = 8.2858 BTC [+]
09:30 assbot [BTCTC] [TAT.ASICMINER] 100 @ 0.02513 = 2.513 BTC [-]
09:30 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.02513 = 0.2513 BTC [-]
09:30 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.02579 = 0.2837 BTC [+]
09:30 assbot [BTCTC] [TAT.ASICMINER] 27 @ 0.02579 = 0.6963 BTC [+]
09:30 assbot [BTCTC] [ASICMINER-PT] 10 @ 2.525 = 25.25 BTC [+]
09:31 assbot [HAVELOCK] [ASICM] 9 @ 0.02579 = 0.2321 BTC [-]
09:31 assbot [BTCTC] [TAT.ASICMINER] 8 @ 0.02575 = 0.206 BTC [-]
09:32 assbot [HAVELOCK] [ASICM] 1 @ 0.02579 BTC [-]
09:34 cole_albon ;;bc,24hprc
09:34 gribble 125.12
09:36 KRS1 t'sup
09:36 fiat500 lol 129
09:37 davout yo
09:37 davout does anyone here have a link to the coinlab/mtgox contract
09:38 assbot [HAVELOCK] [ASICM] 6 @ 0.02579 = 0.1547 BTC [-]
09:39 ThickAsThieves ;google original contract between Coinlab and MtGox
09:39 ThickAsThieves ;;google original contract between Coinlab and MtGox
09:39 gribble CoinLab Sues MtGox | Bitcoin MagazineBitcoin Magazine: <http://bitcoinmagazine.com/coinlab-sues-mtgox/>; CoinLab sues MtGox : Bitcoin - Reddit: <http://www.reddit.com/r/Bitcoin/comments/1dl6uz/coinlab_sues_mtgox/>; CoinLab suing MtGox for $75 milliion? - Bitcoin Forum: <https://bitcointalk.org/index.php?topic=193888.60>
09:39 ThickAsThieves it's in the first link
09:39 ThickAsThieves http://www.scribd.com/doc/139181173/Contract-between-Mt-Gox-and-Coinlab
09:41 assbot [BTCTC] [PAJKA.BOND] 3 @ 0.109988 = 0.33 BTC [+]
09:42 assbot [BTCTC] [S.MPOE-PT] 1433 @ 0.0007 = 1.0031 BTC [+]
09:42 topace jborkl: you there? send me a pm when you can
09:42 assbot [BTCTC] [S.MPOE-PT] 40 @ 0.0007 = 0.028 BTC [+]
09:42 assbot [BTCTC] [S.MPOE-PT] 2427 @ 0.0007 = 1.6989 BTC [+]
09:42 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.02565 = 0.2309 BTC [-]
09:43 assbot [BTCTC] [S.DICE-PT] 1 @ 0.003 BTC [+]
09:43 assbot [BTCTC] [S.DICE-PT] 9 @ 0.003 = 0.027 BTC [+]
09:43 assbot [BTCTC] [S.DICE-PT] 600 @ 0.003 = 1.8 BTC [+]
09:43 assbot [BTCTC] [S.DICE-PT] 100 @ 0.003 = 0.3 BTC [+]
09:43 davout ThickAsThieves: thank you, googled, but didn't think about a simple CTRL+F on the reddit thread
09:45 ThickAsThieves np
09:46 ThickAsThieves i havent had my coffee yet, acting like a web-jerk
09:48 assbot [HAVELOCK] [HIM] 1 @ 2.3201 BTC [-]
09:48 ThickAsThieves TAT.AM has reached 2000 issued shares today :)
09:48 fiat500 only 3000 to go!
09:50 assbot [HAVELOCK] [ASICM] 90 @ 0.02579 = 2.3211 BTC [-]
09:51 davout ThickAsThieves: i'd rather deal with jerks than with morons
09:51 ThickAsThieves technically less than 3000, as I still hold unissued shares
09:51 davout and god knows we have enough idiots
09:51 ThickAsThieves hehe
09:51 davout I myself stand on the divinding line, one foot on each side
09:52 fiat500 hold on its gonna be a rough ride
09:52 fiat500 nobody knows where this whole bitcoin thing is going
09:53 Chaaang-Noi to the moon?
09:53 fiat500 that may me both good and bad
09:53 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025649 BTC [-]
09:54 Chaaang-Noi no doubt
09:54 Chaaang-Noi so fiat500 since you killed my jeep dream, what about this one?
09:54 Chaaang-Noi http://www.overlandparkjeepdodge.net/used/Land%20Rover/2011-Land+Rover-Range+Rover+Sport-47ede7aa0a0a0002008ff9a751f421d3.htm
09:55 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.505001 BTC [-]
09:55 Chaaang-Noi oh are we at 130 already?
09:55 ThickAsThieves ;;ticker
09:56 assbot [HAVELOCK] [ASICM] 6 @ 0.0252 = 0.1512 BTC [-]
09:56 ThickAsThieves ;;goxlag
09:56 gribble BTCUSD ticker | Best bid: 129.80358, Best ask: 129.86464, Bid-ask spread: 0.06106, Last trade: 129.86464, 24 hour volume: 26104.88100134, 24 hour low: 125.11000, 24 hour high: 129.80358, 24 hour vwap: 127.10958
09:56 gribble MtGox lag is 0.465429 seconds. During this time, light travels 0.000932714504797 AU. You could have sent a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
09:56 ThickAsThieves ;;nethash
09:56 gribble 92536.5657163
09:56 Chaaang-Noi ;;gribblelag
09:56 gribble Error: "gribblelag" is not a valid command.
09:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.524 BTC [+]
09:56 ThickAsThieves ;;amhash
09:56 gribble Error: "amhash" is not a valid command.
09:56 ThickAsThieves :P
09:57 Chaaang-Noi 22TH online or so i think
09:57 Chaaang-Noi 129.99 but we haz a wall at 130
09:57 Chaaang-Noi 4000 btc
09:59 fiat500 ;;asks 129.99
09:59 gribble There are currently 576.38985 bitcoins offered at or under 129.99 USD, worth 74924.3917777 USD in total. | Data vintage: 0.0110 seconds
09:59 fiat500 oh lawd
10:00 Chaaang-Noi ;;asks 130
10:00 gribble There are currently 4075.2949 bitcoins offered at or under 130.0 USD, worth 529781.88109 USD in total. | Data vintage: 37.7323 seconds
10:00 kakobrekla http://jezus.si:81/render?target=bitcoin.*.transactions&height=500&width=1100&lineMode=connected
10:00 kakobrekla crazy chart
10:00 ThickAsThieves why cant these speculators be reasonable
10:00 ThickAsThieves like .50 a day
10:00 ThickAsThieves that's plenty :)
10:01 fiat500 lmao
10:01 fiat500 there are a lot of unhappy buyers with a weighted average buy-in >160
10:02 fiat500 i think if we ever get close to that we're gonna see a massive crash again as they dump
10:02 ThickAsThieves bubbles will be the way until we get more people in this game
10:03 Scrat fiat500: nop, these people don't hold any significant amounts
10:03 Scrat a small drop maybe
10:03 topace i still dont get the people that bought from me at 250+
10:04 topace i even told them it was a bad idea
10:04 topace but they insisted i take their money
10:04 davout topace: lol
10:04 topace so i did
10:04 Scrat little jimmy that bought at 230 because he saw it on msnbc didn't really buy a whole lot
10:04 fiat500 Scrat: u have numbers on that?
10:04 Scrat fiat500: source: my ass
10:04 fiat500 i know people who bought 100+ btc at 160
10:04 davout ouch
10:04 ThickAsThieves i stopped paying new cash at $68
10:05 ThickAsThieves seems i called it about right
10:05 assbot [BTCTC] [S.DICE-PT] 1 @ 0.00305 BTC [+]
10:05 davout i stopped buying at 12EUR
10:05 davout :-)
10:05 ThickAsThieves nice
10:06 Scrat you must be filthy rich davout
10:06 JohnGalt bitcoin will go higher
10:06 davout Scrat: believe me i'm not
10:06 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.02565 = 0.2309 BTC [+]
10:07 davout at current rates i can live comfortably a couple of years on my savings, but in my definition being filthy rich is like "i'll never work ever again, hmmm, which maserati should i get"
10:07 assbot [BTCTC] [S.DICE-PT] 3 @ 0.00305 = 0.0092 BTC [+]
10:08 Scrat that's like 10 million
10:08 Scrat or 5
10:08 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025749 BTC [+]
10:09 assbot [BTCTC] [BITVPS] 1 @ 0.000857 BTC [-]
10:09 assbot [BTCTC] [BTC-BOND] 93 @ 0.01019 = 0.9477 BTC [+]
10:09 assbot [BTCTC] [BITVPS] 1 @ 0.000857 BTC [-]
10:10 assbot [BTCTC] [TAT.ASICMINER] 52 @ 0.025749 = 1.3389 BTC [+]
10:11 assbot [BTCTC] [PAJKA.BOND] 10 @ 0.109988 = 1.0999 BTC [+]
10:12 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02575 BTC [+]
10:12 assbot [BTCTC] [PAJKA.BOND] 20 @ 0.109988 = 2.1998 BTC [+]
10:14 assbot [HAVELOCK] [HIM] 1 @ 2.3201 BTC [-]
10:14 ThickAsThieves count them eggs!
10:15 assbot [HAVELOCK] [ASICM] 6 @ 0.0257 = 0.1542 BTC [+]
10:15 furuknap I prefer chickens.
10:15 assbot [BTCTC] [TAT.ASICMINER] 93 @ 0.025749 = 2.3947 BTC [-]
10:15 Chaaang-Noi in my definition being filthy rich is like "i'll never work ever again, hmmm, which maserati should i get" :)
10:15 ThickAsThieves i prefer cats
10:16 furuknap In my definition, I've never worked a day in my life.
10:16 fiat500 cats is goods
10:17 assbot [HAVELOCK] [ASICM] 4 @ 0.02579 = 0.1032 BTC [+]
10:17 fiat500 im bored
10:17 ThickAsThieves make something
10:17 fiat500 ive done literally everythign i can do aside from day trade
10:17 assbot [HAVELOCK] [VTX] 4 @ 0.444 = 1.776 BTC [+]
10:18 fiat500 already up 50% from last week
10:18 ThickAsThieves make a chan bot that shows nethash, 3-day estimate and fukll stats in one
10:18 ThickAsThieves so i dont have to do this
10:18 ThickAsThieves ;;nethash
10:18 gribble 92536.5657163
10:18 ThickAsThieves ;;estimate
10:18 gribble Next difficulty estimate | 12047938.3143 based on data since last change | 12927011.6408 based on data for last three days
10:18 ThickAsThieves ;;bc,stats
10:18 gribble Current Blocks: 237698 | Current Difficulty: 1.1187257461360792E7 | Next Difficulty At Block: 237887 | Next Difficulty In: 189 blocks | Next Difficulty In About: 1 day, 1 hour, 46 minutes, and 21 seconds | Next Difficulty Estimate: 12047938.3143 | Estimated Percent Change: 7.6934
10:18 fiat500 is there a bot for btct?
10:18 fiat500 i mean a pull bot
10:18 ThickAsThieves BF needs a bot
10:19 ThickAsThieves but kako and ukto are still arm wrestling
10:19 fiat500 lol
10:19 truffles ] <ThickAsThieves> i prefer cats >>> me2
10:19 Chaaang-Noi bf has a bot it is in #bitfunder
10:20 assbot [HAVELOCK] [ASICM] 11 @ 0.02579 = 0.2837 BTC [+]
10:20 ThickAsThieves i want it in here
10:20 ThickAsThieves more channel spam!
10:20 Chaaang-Noi spam spam soam!
10:20 ThickAsThieves i also want a BTCTC chan
10:21 truffles who actually joins chat rooms just to chat anyways
10:21 ThickAsThieves cyberers
10:21 truffles a/s/l?
10:21 truffles : D
10:21 Scrat 16/f/fl
10:22 truffles haha
10:22 assbot [BTCTC] [S.DICE-PT] 6 @ 0.00305 = 0.0183 BTC [+]
10:22 assbot [BTCTC] [S.DICE-PT] 1 @ 0.00305 BTC [+]
10:26 assbot [HAVELOCK] [ASICM] 1 @ 0.02579 BTC [+]
10:26 truffles http://www.youtube.com/watch?v=y7RPXEeZYoE if u dont know who Hansen is
10:28 parseval I'd join a btctc channel
10:35 assbot [HAVELOCK] [ASICM] 19 @ 0.02579 = 0.49 BTC [+]
10:37 assbot [HAVELOCK] [ASICM] 116 @ 0.02579 = 2.9916 BTC [+]
10:38 assbot [BTCTC] [TAT.ASICMINER] 79 @ 0.0257 = 2.0303 BTC [-]
10:41 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.0256 = 0.128 BTC [-]
10:42 assbot [HAVELOCK] [ASICM] 30 @ 0.0255 = 0.765 BTC [-]
10:42 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.02575 = 0.1288 BTC [+]
10:43 assbot [BTCTC] [GSDPT] 1 @ 0.00255 BTC [-]
10:44 truffles sooo many predators out there
10:46 assbot [HAVELOCK] [ASICM] 25 @ 0.02579 = 0.6448 BTC [+]
10:46 assbot [HAVELOCK] [ASICM] 23 @ 0.02579 = 0.5932 BTC [+]
10:49 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02575 BTC [+]
10:50 deadweasel I'm a bitcoin predator
10:50 deadweasel but I've never seen a bitcoin in the wild soo, i'm not long for this world.
10:50 deadweasel my only regret, is that I have bonitis.
10:50 truffles some of these guys are good looking, i dont get it
10:51 deadweasel it's a confidence matter, low confidence means they go for low-hanging 'fruit'
10:51 deadweasel i go for mediocre hanging fruit.
10:51 deadweasel working my way up to top of the tree fruit.
10:51 truffles me2 : D
10:52 deadweasel although I'm discovering the more confidence I have the less I want a relationship.
10:52 truffles i guess ppl would call it submissive
10:52 truffles oh u wanna be a player?
10:52 assbot [BTCTC] [S.DICE-PT] 1 @ 0.00305 BTC [+]
10:52 Chaaang-Noi ;;asks 130
10:52 gribble There are currently 5263.6063 bitcoins offered at or under 130.0 USD, worth 684109.733092 USD in total. | Data vintage: 0.0108 seconds
10:52 deadweasel truffles, no way.
10:52 Chaaang-Noi wall go bigger?
10:53 deadweasel ;;bids 128.5
10:53 gribble There are currently 40.736639 bitcoins demanded at or over 128.5 USD, worth 5234.65814677 USD in total. | Data vintage: 35.0680 seconds
10:53 truffles what is it then deadweasel
10:53 deadweasel what is what?
10:53 assbot [BTCTC] [S.DICE-PT] 3 @ 0.00305 = 0.0092 BTC [+]
10:53 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.517 BTC [-]
10:53 truffles or did u want to be asexual
10:54 deadweasel no no, just don't want to be with dramatic low-confidence people, it sucks the energy out of me. it's a waste of time. I can't help them and they will only drag me down.
10:54 assbot [BTCTC] [TAT.ASICMINER] 38 @ 0.02575 = 0.9785 BTC [+]
10:54 truffles wow lol
10:54 assbot [HAVELOCK] [ASICM] 2 @ 0.02579 = 0.0516 BTC [+]
10:55 truffles well d ont go for the insecure gals ldo
10:55 deadweasel well, it's true.
10:55 truffles imo some guys go for the dumb or insecure girls cuz it makes em feel superior..
10:57 assbot [BTCTC] [S.DICE-PT] 1 @ 0.00305 BTC [+]
10:58 Diablo-D3 meh
10:58 Diablo-D3 I go for the smart ones
10:58 Chaaang-Noi just east to get what tehy want quickly
10:58 Diablo-D3 I love a smart chick
10:58 Chaaang-Noi easy
10:59 assbot [HAVELOCK] [ASICM] 116 @ 0.02579 = 2.9916 BTC [+]
11:00 Chaaang-Noi Great Panther Silver Stock price: $0.78 Market Cap:$108M
11:00 Chaaang-Noi ASICMiner Stock Price: BTC2.5($320) Market Cap:$128M
11:00 deadweasel truffles, they go for dumb/insecure yes, but only because it's easy. The only feeling they get out of it is a blow job.
11:00 deadweasel I don't think superior is the correct word for it.
11:00 Chaaang-Noi :)
11:00 Chaaang-Noi sometime a bj is all we want
11:00 truffles simple creatures
11:01 assbot [HAVELOCK] [ASICM] 68 @ 0.02579 = 1.7537 BTC [+]
11:01 deadweasel most of the time, actually. hell, I'll settle for a handy.
11:01 assbot [BTCTC] [BASIC-MINING] 1 @ 0.600031 BTC [-]
11:01 assbot [BTCTC] [BASIC-MINING] 1 @ 0.60003 BTC [-]
11:01 assbot [BTCTC] [BASIC-MINING] 1 @ 0.6 BTC [-]
11:01 deadweasel i don't always have the energy for sexathons
11:01 assbot [BTCTC] [S.MPOE-PT] 73 @ 0.0007 = 0.0511 BTC [+]
11:01 truffles go workout then
11:01 deadweasel women are simple creatures too. they just want a good rogering.
11:02 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.516 BTC [-]
11:02 assbot [BTCTC] [S.MPOE-PT] 50 @ 0.000725 = 0.0363 BTC [+]
11:02 deadweasel truffles, that is why I don't have the energy. I did 4 hours of intense training last night, my knees barely support me today.
11:02 truffles ure not a young guy eh, rogering lol
11:02 assbot [BTCTC] [S.MPOE-PT] 30 @ 0.00074 = 0.0222 BTC [+]
11:03 deadweasel or I like colorful terms.
11:03 truffles workout less ldo
11:03 deadweasel would you prefer I said "they jsut want their hairy axe wound pounded"?
11:03 deadweasel would that make me young again?
11:04 assbot [HAVELOCK] [ASICM] 125 @ 0.025795 = 3.2244 BTC [+]
11:04 truffles lol no
11:04 deadweasel because I'm all for returning to my youth
11:04 truffles who says that lol
11:04 deadweasel I didn't get enough sex in my teens
11:04 deadweasel fucking catholics
11:04 truffles i was lucky to avoid it in my teens also
11:04 truffles sex is overrated
11:04 deadweasel lucky?!?!?!/
11:04 deadweasel yes, overrated.
11:05 assbot [HAVELOCK] [ASICM] 1 @ 0.025795 BTC [+]
11:05 assbot [BTCTC] [TAT.ASICMINER] 16 @ 0.02574 = 0.4118 BTC [-]
11:05 deadweasel but it was not in my teens
11:05 truffles stds are out there dude
11:05 deadweasel what's an STD?
11:05 deadweasel ;)
11:05 truffles theyre mutating as we speak
11:06 deadweasel i know, I'm more worried about resistant pathogens and genetic disorder being activated my modern chemicals/molecules
11:06 assbot [BTCTC] [GSDPT] 99 @ 0.00254 = 0.2515 BTC [-]
11:06 deadweasel that and my bitcoins.
11:07 truffles bitcoins are a fad though so no worries there : p
11:08 deadweasel lol, no doubt. as long as I can keep taking my cut, I don't care. it may not be BTC that is the future currecny, but one of it's cousins.
11:08 deadweasel i realize that. nobody can know for sure.
11:09 truffles yea
11:09 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.02574 = 0.2574 BTC [-]
11:09 deadweasel frankly, I wonder where the development will come from. What if the 'devs' all go to a conference and their bus collapses through the I-5 bridge?
11:09 truffles theyre all on same bus??
11:09 deadweasel sure, the dev bus. they totally have those.
11:10 truffles reminds me of Russian hockey team that all died on plane crash
11:10 deadweasel oh ya, that's was horrible.
11:10 deadweasel Sea of Ostohk had an 8.2 magnitude earthquake, possiblity for tsunami in pacific rim.
11:11 truffles dunno where that is
11:12 assbot [BTCTC] [BITVPS] 2 @ 0.000857 = 0.0017 BTC [-]
11:13 assbot [BTCTC] [TAT.ASICMINER] 55 @ 0.0254 = 1.397 BTC [-]
11:13 deadweasel well I don't know where you are and I still talk to you. ;P
11:13 joecool deadweasel: it's a deep one though
11:13 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.02531 = 0.2278 BTC [-]
11:14 joecool deadweasel: would not be too concerned
11:14 deadweasel ah, I didn't know joecool
11:14 joecool yeah it's ~610KM under the ground
11:15 joecool the 5.7 in cali was probably more noticable at only 11KM of depth
11:15 truffles deadweasel :)
11:16 truffles no quakes here so it doesnt matter rly
11:18 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.517 BTC [+]
11:18 joecool the only one i felt was the one in VA a couple years ago
11:18 joecool it traveled pretty far on the east coast
11:21 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.516 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 22 @ 0.025121 = 0.5527 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 83 @ 0.02511 = 2.0841 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.025105 = 0.2259 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.025103 = 0.2259 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.0251 = 0.2761 BTC [-]
11:24 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.0251 = 0.251 BTC [-]
11:25 assbot [BTCTC] [TAT.ASICMINER] 68 @ 0.0251 = 1.7068 BTC [-]
11:25 assbot [BTCTC] [TAT.ASICMINER] 19 @ 0.02555 = 0.4855 BTC [+]
11:25 deadweasel I've only ever been in a 4.2 here in maine last year. I thought tanks were surrounding the building.
11:25 deadweasel they were not
11:33 error4733 hello btcworld
11:33 error4733 ;;bids 0
11:33 error4733 ;asks 11111111111111111
11:33 gribble There are currently 13913764 bitcoins demanded at or over 0.0 USD, worth 19244166.833 USD in total. | Data vintage: 0.0625 seconds
11:33 error4733 ;;asks 111111111111111
11:33 gribble There are currently 103683.56 bitcoins offered at or under 1.11111111111e+14 USD, worth 2.74759003559e+13 USD in total. | Data vintage: 2.6013 seconds
11:34 assbot [MPEX] [S.MPOE] 17600 @ 0.00071354 = 12.5583 BTC [+]
11:37 truffles ;;ticker
11:37 gribble BTCUSD ticker | Best bid: 129.05240, Best ask: 129.22000, Bid-ask spread: 0.16760, Last trade: 129.05240, 24 hour volume: 27992.05300410, 24 hour low: 125.11000, 24 hour high: 129.99990, 24 hour vwap: 127.64484
11:41 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.02549 = 0.5098 BTC [-]
11:44 error4733 something is on the way :http://blockchained.com/depth_mtgox_15d.png
11:47 assbot [BTCTC] [RSM] 1 @ 0.01139 BTC [+]
11:47 assbot [BTCTC] [RSM] 2 @ 0.0114 = 0.0228 BTC [+]
11:47 assbot [BTCTC] [RSM] 90 @ 0.0119 = 1.071 BTC [+]
11:47 ThickAsThieves whats your interpretation?
11:48 assbot [BTCTC] [RSM] 62 @ 0.012 = 0.744 BTC [+]
11:48 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02549 = 0.051 BTC [-]
11:48 assbot [BTCTC] [RSM] 100 @ 0.01239 = 1.239 BTC [+]
11:48 assbot [BTCTC] [RSM] 100 @ 0.01249 = 1.249 BTC [+]
11:49 assbot [BTCTC] [RSM] 100 @ 0.01269 = 1.269 BTC [+]
11:49 assbot [BTCTC] [RSM] 5 @ 0.0127 = 0.0635 BTC [+]
11:49 assbot [BTCTC] [RSM] 100 @ 0.01279 = 1.279 BTC [+]
11:50 assbot [BTCTC] [RSM] 500 @ 0.0128 = 6.4 BTC [+]
11:52 assbot [HAVELOCK] [ASICM] 5 @ 0.0256 = 0.128 BTC [-]
11:52 assbot [MPEX] [S.MPOE] 2439 @ 0.00071354 = 1.7403 BTC [+]
11:52 truffles u find 1/4 can of alcohol, do u a) chug or b) throw out
11:53 joecool could have a cigarette hiding in there
11:55 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.5123 = 5.0246 BTC [-]
11:55 ThickAsThieves 20somethings problems
11:55 truffles lol
11:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5 BTC [-]
11:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5 BTC [-]
11:57 assbot [BTCTC] [COGNITIVE] 4 @ 0.29 = 1.16 BTC [+]
11:58 error4733 TAT i have no clue :D
12:00 error4733 first time i see the 2 line dropping in the same way, i'm confused so i sold half of my btc and bought btc with the money ! make sens no ?
12:03 ThickAsThieves selling half might make sense
12:03 ThickAsThieves but buying btc right after is confusing me
12:04 assbot [HAVELOCK] [ASICM] 1 @ 0.02572 BTC [+]
12:04 assbot [BTCTC] [B.YABMC] 2 @ 0.017 = 0.034 BTC [+]
12:04 error4733 just kidding sorry
12:04 assbot [BTCTC] [B.YABMC] 18 @ 0.01744 = 0.3139 BTC [+]
12:07 error4733 ;;asks 1111111111111111111111
12:07 gribble There are currently 103988.02 bitcoins offered at or under 1.11111111111e+21 USD, worth 2.74759004097e+13 USD in total. | Data vintage: 0.0408 seconds
12:07 assbot [BTCTC] [PAJKA.BOND] 7 @ 0.109988 = 0.7699 BTC [+]
12:08 ThickAsThieves ;;ticker
12:08 gribble BTCUSD ticker | Best bid: 129.02000, Best ask: 129.49990, Bid-ask spread: 0.47990, Last trade: 129.49990, 24 hour volume: 28129.22128504, 24 hour low: 125.11000, 24 hour high: 129.99990, 24 hour vwap: 127.70212
12:20 assbot [HAVELOCK] [ASICM] 100 @ 0.02572 = 2.572 BTC [+]
12:20 assbot [BTCTC] [COGNITIVE] 10 @ 0.299994 = 2.9999 BTC [+]
12:21 assbot [BTCTC] [COGNITIVE] 10 @ 0.322 = 3.22 BTC [+]
12:22 Chaaang-Noi go cog!
12:22 assbot [MPEX] [S.MPOE] 2463 @ 0.00071365 = 1.7577 BTC [+]
12:23 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.5 = 7.5 BTC [-]
12:24 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.4 = 4.8 BTC [-]
12:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.5 BTC [+]
12:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.49 BTC [-]
12:26 assbot [BTCTC] [S.DICE-PT] 4 @ 0.00305 = 0.0122 BTC [+]
12:26 assbot [BTCTC] [S.DICE-PT] 10 @ 0.0031 = 0.031 BTC [+]
12:26 assbot [BTCTC] [S.DICE-PT] 10 @ 0.00315 = 0.0315 BTC [+]
12:28 assbot [HAVELOCK] [ASICM] 1 @ 0.02572 BTC [+]
12:28 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02555 BTC [+]
12:28 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02555 BTC [+]
12:29 Chaaang-Noi ;;asks 130
12:29 gribble There are currently 3311.0913 bitcoins offered at or under 130.0 USD, worth 430413.87183 USD in total. | Data vintage: 0.0120 seconds
12:30 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.510999 BTC [+]
12:32 assbot [BTCTC] [TAT.ASICMINER] 8 @ 0.02555 = 0.2044 BTC [+]
12:32 furuknap Chaang, help me understand Cognitive a bit, if you please...
12:32 furuknap I understand they have stuff on order and favorably so.
12:32 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02549 BTC [-]
12:33 furuknap I know what you've aid about the guy running the operation, and let's assume I trust your judgement on that.
12:33 Chaaang-Noi i like this double wall
12:34 WILLdude Hello
12:34 furuknap What is it about the company in terms of revenue that could cause it to rise in value? It has not yielded any significant dividends so far and even with new equipment, it still would only compete with any other mining operation that gets the same equipment.
12:34 Chaaang-Noi furuknap he is a long time mining op that has fpga and gpus, but is also now doing asics both bfl and avalon, its a good hedge if you hold asic miner
12:34 furuknap I'm not saying it's good or bad, just trying to understand.
12:35 Chaaang-Noi its only good if his bfl and or avalon stuff works out
12:35 Chaaang-Noi if avalon and bfl fail forever then well AM is it...
12:35 Chaaang-Noi but if you hold AM and worry about other asics then its a good option to hold some
12:35 furuknap But let's assume it works out, both of them to be optimistic. What makes this asset different from other assets that also buys BFL and Avalons?
12:36 assbot [HAVELOCK] [ASICM] 1 @ 0.02572 BTC [+]
12:36 Chaaang-Noi i dont know of, or trust any of the other assets
12:36 Chaaang-Noi but cognitive does have very early orders at bfl
12:36 Chaaang-Noi ;;asks 130
12:36 gribble There are currently 3042.5977 bitcoins offered at or under 130.0 USD, worth 395536.480549 USD in total. | Data vintage: 8.2836 seconds
12:36 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.509 BTC [-]
12:36 furuknap Sure, which is an advantage short-term until BFL/Avalon/KnC/Whoever ships en masse.
12:37 Chaaang-Noi yes
12:37 furuknap So it's a trust thing, not a fundamental valuation. That's fine, I understand. Thanks for your input :-)
12:37 Chaaang-Noi and by that time we will ahve piles of coin and be able to buy more
12:37 Chaaang-Noi his electric is low and he knows what he is doing
12:37 Chaaang-Noi im not attacking the others
12:37 Chaaang-Noi i just dont want to get fucked over any more...
12:38 furuknap Neither am I, I'm just trying to learn about the assets and what brings people to go in any direction.
12:38 Chaaang-Noi i worked with the guy for over 2 eyars
12:38 Chaaang-Noi thats why i got into asic miner, i knew him from befoerw
12:38 Chaaang-Noi 130 gone????
12:38 Chaaang-Noi fuck me
12:39 Chaaang-Noi ;;asks 130
12:39 gribble There are currently 2329.5675 bitcoins offered at or under 130.0 USD, worth 302843.726974 USD in total. | Data vintage: 5.2856 seconds
12:39 Chaaang-Noi ????
12:39 Chaaang-Noi ;;ticker
12:39 gribble BTCUSD ticker | Best bid: 130.00001, Best ask: 130.01570, Bid-ask spread: 0.01569, Last trade: 130.00001, 24 hour volume: 32267.69883300, 24 hour low: 125.11000, 24 hour high: 130.01570, 24 hour vwap: 128.04359
12:39 Chaaang-Noi gribble is full of fail
12:39 furuknap ??
12:39 Chaaang-Noi ticker is over 130 but 2000 share at 130?
12:39 furuknap Clark moody shows trades >130...
12:39 Chaaang-Noi gribble just trollin
12:40 furuknap There should be a ;;slap command.
12:40 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02554 = 0.0511 BTC [+]
12:40 WILLdude I thought there was
12:40 WILLdude ;;slap furuknap
12:40 Chaaang-Noi well fuck me, here we are at 130.. and i thought we would be at 70
12:40 WILLdude ;;slap furuknap
12:41 WILLdude ;;slap furuknap
12:41 Chaaang-Noi ;;slap gribble
12:41 WILLdude ;;slap his genitals
12:41 Chaaang-Noi lol
12:44 assbot [HAVELOCK] [ASICM] 100 @ 0.02572 = 2.572 BTC [+]
12:44 kakobrekla fuckin kinds
12:44 kakobrekla !r WILLdude
12:44 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.480001 BTC [-]
12:44 assbot [BTCTC] [ASICMINER-PT] 8 @ 2.48 = 19.84 BTC [-]
12:44 kakobrekla see that.
12:46 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.02528 = 0.5056 BTC [-]
12:48 Chaaang-Noi 132.15 or so is the next resistance
12:50 furuknap All EMAs still pointing upwards. 132 isn't going to be much of an issue.
12:50 fiat500 EMAs by definition cannot predict the future
12:51 assbot [HAVELOCK] [SDICE] 7 @ 0.2439 = 1.7073 BTC [+]
12:51 truffles historical prices dont predict future prices..
12:51 Chaaang-Noi im not sure anything can
12:51 Chaaang-Noi we all kow at any time satoshi could sell 1,000,000 btc at market price
12:52 Chaaang-Noi are that buffet could market buy 100,000,000 $
12:53 assbot [HAVELOCK] [HIM] 2 @ 2.4749 = 4.9498 BTC [+]
12:53 Chaaang-Noi we hit 132 already
12:53 assbot [HAVELOCK] [ASICM] 9 @ 0.02572 = 0.2315 BTC [+]
12:54 ThickAsThieves ;;ticker
12:54 gribble BTCUSD ticker | Best bid: 131.74448, Best ask: 131.99999, Bid-ask spread: 0.25551, Last trade: 131.74448, 24 hour volume: 35059.91485832, 24 hour low: 125.11000, 24 hour high: 132.00000, 24 hour vwap: 128.33951
12:55 furuknap A lot of people still trade on EMAs, as do bots. It's no clear prediction, but an indication. The world could end tomorrow, you don't stay away from trading just because of that.
12:55 ThickAsThieves this will fizzle before day's end
12:55 ThickAsThieves we'll be back at 128-129
12:55 assbot [BTCTC] [CRYPTO-TRADE] 3 @ 0.17 = 0.51 BTC [-]
12:55 assbot [HAVELOCK] [ASICM] 100 @ 0.0257945 = 2.5795 BTC [+]
12:56 Chaaang-Noi fridays for some reason have been the big days the last few weeks
12:56 ThickAsThieves sure buyt we were at 123 two days ago
12:56 ThickAsThieves speculators gon gpeculate
12:57 ThickAsThieves either way, i'm happy to see an uptrend
12:58 assbot [HAVELOCK] [ASICM] 241 @ 0.02572 = 6.1985 BTC [-]
12:59 assbot [HAVELOCK] [SDICE] 14 @ 0.244 = 3.416 BTC [+]
13:00 Chaaang-Noi up is better than down :)
13:00 ThickAsThieves assuming youre holding coins, not cash
13:01 Chaaang-Noi well, i gave up on my rebuy
13:01 Chaaang-Noi im holding some cash as you know
13:02 Chaaang-Noi even though the price is up, there is no depth, selling 1 million usd still gets less than 127 like it was 2 hours ago
13:02 Chaaang-Noi bids are not getting set, its odd
13:02 Chaaang-Noi we broke 132, but hit that resistance
13:03 bitesak ;;ticker
13:03 gribble BTCUSD ticker | Best bid: 131.70000, Best ask: 131.75315, Bid-ask spread: 0.05315, Last trade: 131.70000, 24 hour volume: 36093.45621082, 24 hour low: 125.11000, 24 hour high: 132.02274, 24 hour vwap: 128.46488
13:06 assbot [HAVELOCK] [ASICM] 31 @ 0.025401 = 0.7874 BTC [-]
13:06 assbot [HAVELOCK] [ASICM] 345 @ 0.02540001 = 8.763 BTC [-]
13:06 assbot [HAVELOCK] [ASICM] 14 @ 0.0254 = 0.3556 BTC [-]
13:06 assbot [HAVELOCK] [ASICM] 110 @ 0.0254 = 2.794 BTC [-]
13:07 bitesak ;;next
13:07 gribble bullish channel targets/resistances: 128-129 | breakout targets: 132, 140-145, 172 | support: 123-125 | #bitcoin [Fri, 24 May 2013 07:06:51 +0000] | tips: http://bit.ly/YnxUM4 | disclaimer: http://bit.ly/139er6E | this is not investment or trading advice | #bitcoin-analysis | https://twitter.com/BitcoinOracle | updated by OneFixt | 10 hours and 36 seconds ago
13:08 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02545 = 0.0509 BTC [+]
13:09 assbot [BTCTC] [S.DICE-PT] 1 @ 0.00315 BTC [+]
13:09 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.02545 BTC [+]
13:11 assbot [HAVELOCK] [ASICM] 3 @ 0.0256 = 0.0768 BTC [+]
13:11 bitesak nice having the log.bitcoin-assets.com
13:13 Chaaang-Noi bids are going down...
13:13 Chaaang-Noi crazy
13:14 bitesak it is mesmerizing
13:15 bitesak ;;lag
13:15 gribble Error: "lag" is not a valid command.
13:15 Chaaang-Noi jap stock market had a 12% one day fall?
13:16 bitesak ;;goxlag
13:16 gribble MtGox lag is 1.715716 seconds. During this time, light travels 0.00343827565389 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).
13:18 assbot [HAVELOCK] [ASICM] 9 @ 0.0254 = 0.2286 BTC [-]
13:21 assbot [BTCTC] [S.DICE-PT] 29 @ 0.00315 = 0.0914 BTC [+]
13:23 assbot [MPEX] [S.MPOE] 1344 @ 0.00071465 = 0.9605 BTC [+]
13:26 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0253 BTC [-]
13:28 benkay ;;ticker
13:28 gribble BTCUSD ticker | Best bid: 131.10001, Best ask: 131.38500, Bid-ask spread: 0.28499, Last trade: 131.10001, 24 hour volume: 36769.14352521, 24 hour low: 125.11000, 24 hour high: 132.02274, 24 hour vwap: 128.59918
13:28 benkay goodness.
13:30 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.0253 = 0.2277 BTC [-]
13:31 Chaaang-Noi you guys know rg is alive and well in the #litecoin chan?
13:31 Chaaang-Noi i thought he was long gone
13:32 truffles https://www.youtube.com/watch?v=EhiMrEvfvo4 jokes on her, only pays for 1 year
13:32 kakobrekla he is too good for btc Chaaang-Noi
13:34 truffles theres a guy with alias rg that talks a lot in -otc?
13:37 deadweasel i can't fucking do any work today...
13:37 truffles whys that
13:37 deadweasel motivatoni is at a 0
13:37 truffles haha
13:38 assbot [HAVELOCK] [ASICM] 13 @ 0.025649 = 0.3334 BTC [+]
13:38 truffles maybe Esha can recharge ur batteries
13:38 Chaaang-Noi i thought rg scammed or failed with bitvps or whaever
13:38 Chaaang-Noi i dont know the story i guess'
13:38 truffles link above deadweasel
13:39 assbot [HAVELOCK] [HIM] 1 @ 2.475 BTC [+]
13:39 deadweasel while i'm not working at the office, I'm also not watching youtube. much easier to pretend work in terminal window
13:39 truffles http://www.dailytech.com/High+School+Student+Creates+Storage+Device+that+Can+Charge+in+20+Seconds/article31580.htm
13:40 deadweasel supercaps
13:40 deadweasel can't wait til that goes mainstream
13:40 truffles like 10 years?
13:40 deadweasel dunno.
13:40 deadweasel it means my railgun is not far off.
13:40 truffles still waiting on this invention that protects babies in cars
13:41 deadweasel www.youtube.com/watch?v=y54aLcC3G74
13:41 truffles some rotating pouch ...¨
13:41 deadweasel you know what protects babies in cars? the structural cage and the driver.
13:42 deadweasel car seat just prevents broken babies from seatbelts/bouncing baby brains.
13:43 aknap3 deadweasel: you referring to this? http://blog.ted.com/2008/06/24/are_childrens_c/
13:43 truffles http://www.realitytvworld.com/news/janusz-liberkowski-crowned-winner-of-abc-american-inventor-4150.php
13:44 deadweasel nope, but I'll watch later, thanks aknap3
13:44 truffles pretty genius invention by liberkowski
13:45 truffles why do u want a rail gun?
13:45 deadweasel i don't know
13:45 deadweasel quake 2
13:45 deadweasel is a big part of it
13:45 deadweasel old desires with no real practicality.
13:46 assbot [HAVELOCK] [HIM] 1 @ 2.475 BTC [+]
13:46 truffles if it helps with a zombi apocalypse sure
13:46 deadweasel nope, not unless I had 50MW of solar power generation and shit ton of supercaps
13:47 assbot [HAVELOCK] [ASICM] 18 @ 0.025649 = 0.4617 BTC [+]
13:48 assbot [HAVELOCK] [VTX] 10 @ 0.443 = 4.43 BTC [-]
13:49 truffles ive lacked mojo past 5 days also
13:50 assbot [HAVELOCK] [ASICM] 40 @ 0.025649 = 1.026 BTC [+]
13:50 truffles i think im going to have to watch some shark tank to help heh
13:51 assbot [HAVELOCK] [ASICM] 1 @ 0.025 BTC [-]
13:51 assbot [HAVELOCK] [ASICM] 299 @ 0.025649 = 7.6691 BTC [+]
13:52 assbot [HAVELOCK] [ASICM] 17 @ 0.02565 = 0.4361 BTC [+]
13:54 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.48 BTC [-]
13:55 mircea_popescu http://bitbet.us/bet/453/block-239905-difficulty-will-be-an-even-number/
13:55 mircea_popescu this is going well...
13:56 assbot [HAVELOCK] [ASICM] 9 @ 0.025649 = 0.2308 BTC [-]
13:57 assbot [BTCTC] [PAJKA.BOND] 38 @ 0.109988 = 4.1795 BTC [+]
13:57 ThickAsThieves I'm surprised that bet was allowed
13:57 mircea_popescu why ?
13:57 ThickAsThieves because it's way less cool than my bet
13:57 mircea_popescu lol which ?
13:58 ThickAsThieves Schrödinger's BitBet
13:58 ThickAsThieves This bet will have more total BTC bet on Yes than on No before it closes.
13:58 qxzn lol
13:58 qxzn it's like satoshidice, basically
13:58 ThickAsThieves now that's a bet
13:58 mircea_popescu qxzn something like that
14:00 ThickAsThieves bet like that could have some great earnings potential too
14:00 ThickAsThieves :)
14:01 mircea_popescu sounds more like a dollar auction.
14:02 assbot [HAVELOCK] [ASICM] 97 @ 0.02565 = 2.4881 BTC [+]
14:02 assbot [HAVELOCK] [ASICM] 2 @ 0.02565 = 0.0513 BTC [+]
14:02 deadweasel it does
14:02 deadweasel you'd make a lot in bets that were sent just past closing too
14:03 deadweasel trying to get in at the last second with a big bet
14:03 ThickAsThieves yep
14:03 ThickAsThieves could end in some tears
14:03 deadweasel many
14:03 mircea_popescu yeah, too bfl-ish i think
14:03 mircea_popescu this is just a clean cut cointoss
14:04 ThickAsThieves yeah it was rejected a while back, but a man can dream
14:04 mircea_popescu did you zeroconf it ?
14:04 ThickAsThieves what's a zeroconf?
14:04 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.46 BTC [-]
14:04 mircea_popescu you can send btc in as you make the bet
14:04 ThickAsThieves oh
14:04 ThickAsThieves probly not
14:05 ThickAsThieves but i could
14:05 Chaaang-Noi ;;asks 135
14:05 ThickAsThieves if that's all it takes
14:05 deadweasel sorta seals the deal, makes it more likely to get posted
14:05 gribble There are currently 5841.4468 bitcoins offered at or under 135.0 USD, worth 783226.881293 USD in total. | Data vintage: 0.0117 seconds
14:05 mircea_popescu why would you.
14:05 Scrat i am in that bitbet
14:05 Scrat ;;bids 0
14:05 gribble There are currently 13833282 bitcoins demanded at or over 0.0 USD, worth 18996948.4385 USD in total. | Data vintage: 21.5454 seconds
14:05 mircea_popescu Scrat which one ?
14:05 deadweasel Scrat, odd or even?
14:05 Scrat small one ofc
14:06 Scrat I won't say!
14:06 mircea_popescu kik
14:06 ThickAsThieves scrat is a math genie
14:06 ThickAsThieves i bet he sorted that one has higher odds
14:08 ThickAsThieves ;;nethash
14:08 gribble 92508.0370922
14:08 ThickAsThieves ;;bc,stats
14:08 gribble Current Blocks: 237723 | Current Difficulty: 1.1187257461360792E7 | Next Difficulty At Block: 237887 | Next Difficulty In: 164 blocks | Next Difficulty In About: 23 hours, 42 minutes, and 39 seconds | Next Difficulty Estimate: 12041077.3016 | Estimated Percent Change: 7.63207
14:08 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.490997 BTC [+]
14:08 assbot [MPEX] [S.MPOE] 2666 @ 0.00071465 = 1.9053 BTC [+]
14:09 qxzn the only thing that interests me about the difficulty bet is arbing it when it strays from 505
14:09 qxzn 50-50
14:09 qxzn does bitbet have any decent kind of api?
14:10 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.490997 BTC [+]
14:10 mircea_popescu qxzn what specifically ?
14:10 assbot [BTCTC] [TAT.ASICMINER] 26 @ 0.025051 = 0.6513 BTC [-]
14:10 assbot [BTCTC] [TAT.ASICMINER] 70 @ 0.02505 = 1.7535 BTC [-]
14:10 ThickAsThieves not like you could ensure your bet doesnt set it off balance
14:10 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.025016 = 0.075 BTC [-]
14:10 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025 BTC [-]
14:10 assbot [MPEX] [S.MPOE] 14500 @ 0.00071473 = 10.3636 BTC [+]
14:10 assbot [MPEX] [S.MPOE] 3434 @ 0.00071608 = 2.459 BTC [+]
14:11 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.490998 BTC [+]
14:12 qxzn mircea_popescu I haven't looked closely at bitbet yet, but like getting the current odds and the sizes behind the odds, I suppose.
14:12 qxzn ThickAsThieves really that's not calculatable with published information?
14:13 mircea_popescu i think you'll have to talk to kakobrekla about that.
14:13 mircea_popescu shouldn't be too hard.
14:14 mircea_popescu the depositing part works by design in the sense that once you get an addy you can use it for as long as the bet exists
14:15 qxzn mircea_popescu It's funny, I actually tend not to encourage sites to make apis as I know I can screen-scrape and have less competition :P
14:15 kakobrekla uh i hope you use some html dom instead
14:15 kakobrekla of screen scrape
14:15 mircea_popescu yeah i was gonna say, it's pretty much in the html dom
14:16 qxzn kokbrekla yeah that's what I mean
14:16 qxzn indeed
14:17 ThickAsThieves if i had a site like that I'd fuck with the html daily to mess with botters
14:17 mircea_popescu why ?
14:17 ThickAsThieves i think bitting is bad for relatively small markets
14:18 mircea_popescu i don't see the problem. people setting their own bots to marketmake provides liquidity.
14:18 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.491 = 7.473 BTC [+]
14:18 ThickAsThieves potentially zerosum liquidity, adn deters humans
14:18 ThickAsThieves everything that is bitcoin, needs more humans
14:18 mircea_popescu why'd deter humans ? recall, this is parimutuel. humans knowing their bets will be covered is encouraging
14:18 ThickAsThieves that is what benefits it most
14:18 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02506 = 0.0501 BTC [+]
14:18 assbot [BTCTC] [TAT.ASICMINER] 15 @ 0.025 = 0.375 BTC [-]
14:18 assbot [BTCTC] [TAT.ASICMINER] 8 @ 0.025 = 0.2 BTC [-]
14:18 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.025 = 0.05 BTC [-]
14:18 assbot [BTCTC] [TAT.ASICMINER] 7 @ 0.025 = 0.175 BTC [-]
14:18 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.025399 = 0.1524 BTC [+]
14:18 ThickAsThieves because a human will give up fighting a penny bot
14:19 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.025 = 0.05 BTC [-]
14:19 ThickAsThieves and get frustrated
14:19 ThickAsThieves and trade less
14:19 assbot [BTCTC] [PAJKA.BOND] 21 @ 0.109988 = 2.3097 BTC [+]
14:19 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.0249 = 0.0498 BTC [-]
14:19 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.02485 = 0.2485 BTC [-]
14:19 assbot [BTCTC] [TAT.ASICMINER] 42 @ 0.024702 = 1.0375 BTC [-]
14:19 mircea_popescu how would a human fight a penny bettor exactly ?
14:20 mircea_popescu the human either has a side or doesn't. if he doesn't he;s not betting anyway.
14:20 ThickAsThieves i'm a heavy trader
14:20 qxzn parimutuel betting is over my head. no wonder mircea_popescu likes it, it's complicated like options.
14:20 ThickAsThieves and it deters me
14:20 mircea_popescu if he does he's glad to hear somebody will cover the odds.
14:21 mircea_popescu lol
14:21 qxzn mircea_popescu this is a losing argument
14:21 ThickAsThieves it would be hard, but I wish there was a way to study it
14:21 ThickAsThieves on something like BTCTC
14:21 qxzn people "just don't like" bots
14:21 assbot [BTCTC] [S.DICE-PT] 4 @ 0.0032 = 0.0128 BTC [+]
14:21 qxzn it's not rational
14:21 qxzn except when they are capable of creating their own, of course
14:21 mircea_popescu ok let's go into a little detail.
14:21 qxzn then they like them
14:21 mircea_popescu suppose this bet, with a clear 50-50 odds
14:21 mircea_popescu suppose somebody wants to bet 5 btc
14:22 mircea_popescu if he does and it goes to 18-13 and stays there
14:22 mircea_popescu our guy gets worse than 50-50 odds
14:22 mircea_popescu if he knows a bot will cover to 18-18 then he knows he gets fair odds
14:22 mircea_popescu bots = good news.
14:22 ThickAsThieves i was referring to stock exchanges
14:22 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025 BTC [+]
14:22 ThickAsThieves not a one-off bet
14:22 mircea_popescu well that's a diff story.
14:23 assbot [HAVELOCK] [ASICM] 15 @ 0.02565 = 0.3848 BTC [+]
14:23 ThickAsThieves indeed
14:23 qxzn if you are trying to provide liquidity on a stock exchange without a computer, you're going to be frustrated
14:23 ThickAsThieves i mixed it in, apologies
14:23 qxzn but if you are trying to take liquidity, you might be glad there are bots
14:23 qxzn tighter spreads
14:24 qxzn (by "without a computer" i mean "without a bot")
14:24 ThickAsThieves i manage,
14:24 ThickAsThieves but yes it frustrates me
14:25 ThickAsThieves and i imagine it frustrates the newly initiated
14:25 ThickAsThieves which are very valuable to these exchanges
14:25 qxzn eh, I'm skeptical of the valuable of having a bunch of novice traders bouncing around these exchanges
14:25 qxzn the value*
14:26 ThickAsThieves an exchange doesn tcare what kind of experience you have
14:26 ThickAsThieves just your volume
14:26 mircea_popescu <qxzn> eh, I'm skeptical of the valuable of having a bunch of novice traders bouncing around these exchanges <<
14:26 mircea_popescu ThickAsThieves the exchange does care.
14:27 assbot [HAVELOCK] [ASICM] 20 @ 0.0254 = 0.508 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 19 @ 0.02532101 = 0.4811 BTC [-]
14:27 mircea_popescu the thing that doesn't care is a bucket shop.
14:27 assbot [HAVELOCK] [ASICM] 13 @ 0.025321 = 0.3292 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 30 @ 0.02532 = 0.7596 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 6 @ 0.0251 = 0.1506 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 50 @ 0.025 = 1.25 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 80 @ 0.025 = 2 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 10 @ 0.024751 = 0.2475 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 176 @ 0.02475 = 4.356 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 400 @ 0.0246 = 9.84 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 250 @ 0.02450001 = 6.125 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 200 @ 0.0245 = 4.9 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 150 @ 0.02420002 = 3.63 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 155 @ 0.0242 = 3.751 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 300 @ 0.0242 = 7.26 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 50 @ 0.02410001 = 1.205 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 50 @ 0.0241 = 1.205 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 1 @ 0.02404 BTC [-]
14:27 assbot [HAVELOCK] [ASICM] 45 @ 0.024 = 1.08 BTC [-]
14:27 ThickAsThieves can you not picture an envorinment where people say "I dont trade on X, too many f'n bots"
14:27 jborkl I anyone is interested, O.USD.P125N < I will sell these puts starting tomorrow = bot current price * .75 = my price
14:28 jborkl If
14:28 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024703 BTC [-]
14:29 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024702 = 0.0494 BTC [-]
14:29 assbot [HAVELOCK] [ASICM] 1 @ 0.024 BTC [-]
14:29 assbot [BTCTC] [TAT.ASICMINER] 15 @ 0.024701 = 0.3705 BTC [-]
14:29 assbot [BTCTC] [TAT.ASICMINER] 51 @ 0.025 = 1.275 BTC [+]
14:30 assbot [HAVELOCK] [ASICM] 466 @ 0.024 = 11.184 BTC [-]
14:30 topace !ticker h asicm
14:30 assbot [HAVELOCK:ASICM] 1D: 0.02400000 / 0.02499466 / 0.02600000 (13565 shares, 339.05256733 BTC), 7D: 0.01855000 / 0.02373765 / 0.03000000 (126086 shares, 2992.98474507 BTC), 30D: 0.01290000 / 0.02046073 / 0.03000000 (224770 shares, 4598.95817803 BTC)
14:30 qxzn There are a couple reasons to trade. 1: you are investing. In that case, you don't care about bots. 2: you are arbing/providing liquidity. in that case, you should have bots because it's more efficient in terms of human labor. 3: you are speculating / doing "thinky" fundamentals trading. see case 1.
14:31 assbot [BTCTC] [B.YABMC] 17 @ 0.01744 = 0.2965 BTC [+]
14:31 ThickAsThieves is there not added risk to using a bot?
14:31 assbot [BTCTC] [B.YABMC] 15 @ 0.01744 = 0.2616 BTC [+]
14:31 assbot [BTCTC] [B.YABMC] 1 @ 0.0175 BTC [+]
14:32 ThickAsThieves couldnt it be left holding the bag on a big move?
14:32 ThickAsThieves it's not my area
14:32 mircea_popescu sure you could
14:32 qxzn well yes, there are some particular cases where you can beat the bot
14:33 mircea_popescu just like the bot that went deeply into the bitbet bet thinking it's 50-50
14:33 qxzn :)
14:33 mircea_popescu but then it's discovered the code is bad and odd is twice as common as even
14:33 qxzn exactly
14:33 qxzn I sorta throw all that into my case #3
14:33 qxzn thinky trading
14:33 mircea_popescu person knowing it's really 2/3 rather than 50-50 could basically take all the bot's liquidity
14:34 qxzn bot writers have to be careful about not having their house completely cleaned out
14:34 ThickAsThieves i imagine stock exchange bots could also be gamed then
14:34 qxzn there are ways to game bots if you are clever, and the bot isn't defensively enough written
14:34 ThickAsThieves like if i wanna find it's lowest ask
14:34 ThickAsThieves i could keep pushing an ask of my own
14:34 qxzn yes, but you won't beat my bots that way :)
14:35 ThickAsThieves maybe i should start a bot-hunting team
14:35 ThickAsThieves lynch all you nerds!
14:35 ThickAsThieves :)
14:35 qxzn please do!
14:36 qxzn make markets more efficient :)
14:36 inhies bot vs bots
14:36 inhies read an article that touched on that
14:36 ThickAsThieves i know Deprived has some experience in that area
14:36 inhies knowing the trading patterns of other bots, when the mean bot saw that the nice bot was gonna start buying, mean bot buys first and then sells to nice bot at a markup
14:36 jborkl I will also be selling O.USD.C170N = Same terms as above. bot price * 0.75 = my price
14:39 furuknap Bot market trading is really just the first step of the battle of man versus machine. Soon, they'll start developing weapons and our bodies will be props in the next Terminator movie.
14:40 taub thehehe
14:40 inhies furuknap: i can only hope :D
14:41 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.024801 = 0.1488 BTC [-]
14:41 assbot [BTCTC] [TAT.ASICMINER] 510 @ 0.0248 = 12.648 BTC [-]
14:41 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.0247 = 0.247 BTC [-]
14:41 john_connor Bah...
14:43 ThickAsThieves meant to change to Adama, lol
14:43 assbot [BTCTC] [TAT.ASICMINER] 12 @ 0.025 = 0.3 BTC [+]
14:43 jborkl whats up queen Amadala
14:43 jborkl How is your planet
14:44 assbot [BTCTC] [ASICMINER-PT] 13 @ 2.491 = 32.383 BTC [+]
14:45 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.509999 = 5.02 BTC [+]
14:49 assbot [BTCTC] [TAT.ASICMINER] 17 @ 0.024602 = 0.4182 BTC [-]
14:49 furuknap Seems Tyfus is taking to his senses on the 100TH thing too. https://bitcointalk.org/index.php?topic=140366.msg2258584#msg2258584
14:50 furuknap Bah, tytus... That _was_ an honest mistake...
14:50 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0247 BTC [+]
14:51 mircea_popescu furuknap https://bitcointalk.org/index.php?topic=140366.msg2254951#msg2254951
14:51 mircea_popescu you seen that ?
14:51 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024602 = 0.0738 BTC [-]
14:51 assbot [BTCTC] [TAT.ASICMINER] 14 @ 0.024601 = 0.3444 BTC [-]
14:52 jborkl the bitbet on diff. what digit determines the even number?
14:52 furuknap Yup, responded too: https://bitcointalk.org/index.php?topic=140366.msg2255369#msg2255369
14:52 jborkl 11 million is 1 and 1, but 21 million is 2 and 1
14:55 mircea_popescu jborkl huh ?
14:57 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.50997 BTC [-]
14:59 furuknap The mining asset market is completely bonkers. Absolutely insane. Its investors are equally utterly and undeniably mad. Most likley, that includes me. There, now I said it. Carry on.
14:59 assbot [MPEX] [S.MPOE] 5375 @ 0.00071465 = 3.8412 BTC [-]
14:59 assbot [MPEX] [S.MPOE] 7730 @ 0.00071354 = 5.5157 BTC [-]
14:59 assbot [MPEX] [S.MPOE] 617 @ 0.00071343 = 0.4402 BTC [-]
14:59 deadweasel truth
14:59 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.025295 = 0.5059 BTC [+]
15:00 deadweasel i've spent more time and money setting up my miners than I'll EVAR get back.
15:00 deadweasel so miners are batshit too.
15:00 furuknap Miners themselves are even more crazy.
15:00 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.025295 = 0.1518 BTC [+]
15:00 furuknap Yeah, and that includes me too :-)
15:01 assbot [BTCTC] [TAT.ASICMINER] 18 @ 0.025295 = 0.4553 BTC [+]
15:01 deadweasel i think the whole of BTC are borderline personalities
15:01 deadweasel i love it
15:01 deadweasel i'm home
15:01 deadweasel :)
15:01 furuknap :-D
15:01 assbot [BTCTC] [TAT.ASICMINER] 10 @ 0.025295 = 0.253 BTC [+]
15:02 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.025295 = 0.1518 BTC [+]
15:02 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.50997 BTC [-]
15:07 mircea_popescu not particularly mad. just very foolish.
15:08 furuknap I would argue mad, and by mad I mean that there is no correlation between numbers and decisions and people seem to not notice in the least.
15:09 furuknap Let me take one example, not very taken out of thin air, and not meant to talk anyone or thing down...
15:09 Diablo-D3 so
15:09 Diablo-D3 one AM share is worth 2.5 BTC?
15:09 assbot [BTCTC] [TAT.ASICMINER] 14 @ 0.025298 = 0.3542 BTC [+]
15:09 furuknap PAJKA bonds are nice little animals run by a seemingly honest person that has been chugging along nicely and yielding a reasonable profit.
15:10 assbot [MPEX] [S.MPOE] 14078 @ 0.00071086 = 10.0075 BTC [-]
15:10 furuknap However, they are capped now at 3MH/s per share and will forever be capped at 15 MH/s when their new ASICs arrive. Which is fine. It's a fixed rate, people should know what they're buying.
15:12 furuknap Then there's 100TH, which granted isn't delivering yet, but let's just forego that and chalk it up to risk and look at expected revenue. 100TH is fixed at 200MH/s, and if things go according to plan, that will be operational sometime this summer, let's sau August to pick a date.
15:12 jurov ...and while everyone is expertly smelling and analyzing mining turds, never before seen pattern emerges unnoticed: *both* s.mpoe and btcusd go up... causes me goosebumps.
15:13 furuknap You would somehow expect that if PAJKA (or any other bond, really, I'm not picking on them) would be dropping in price to match the value of the share once more powerful bonds like 100TH (or anyone, really and I'm not praising them either) come online.
15:13 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.49 = 4.98 BTC [-]
15:13 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.48101 BTC [-]
15:14 ThickAsThieves personally i dont understand why anyone would buy a fixed-hash mining asset, unless they were trying to short-term speculate to sell
15:14 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.481 = 7.443 BTC [-]
15:15 ThickAsThieves at least with AM, you know they will hold a % of the network
15:15 furuknap This is the halving effect I've been touting for the past few weeks in practice. We know that once a more powerful bond comes online, the less powerful bonds will drop in dividends. It's simple math, plus and minus. So why aren't anyone even noticing this?
15:15 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025298 BTC [+]
15:15 mircea_popescu furuknap you seem so unaware of the fundamental problems of mining for some reason
15:16 ThickAsThieves AM has commited to a minimum of 10% of the network
15:16 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.4801 = 4.9602 BTC [-]
15:16 mircea_popescu here's a hint : it is not, overall, a profitable venture on a cash basis approach
15:16 furuknap mp, what would that be.
15:16 ThickAsThieves and more likely will hold 25%
15:16 furuknap Oh, I know that. Mining is an investment in dropping prices. I hate it every time I see BTC go up because I hold some mining
15:17 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4711 BTC [-]
15:17 furuknap *...I hold some mining assets
15:17 mircea_popescu there's much more to it than that
15:17 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.46 BTC [-]
15:18 jborkl The quality of the mining operator, makes a huge difference. A technically challenged person will have a very hard time- even with good equipment
15:18 furuknap I also know that, I'm a big fan of numbersd, remember? :-) I've run the scenarios so many times I see Excel sheets in the back of my eyelids when I blink.
15:18 ThickAsThieves you must be overcomplicating it
15:18 jborkl A very technically proficient operator with poorer equipment, can still do well. You have to be good though
15:19 mircea_popescu not even!
15:19 furuknap not even what?
15:21 mircea_popescu furuknap https://bitcointalk.org/index.php?topic=201268.msg2121475#msg2121475
15:21 mircea_popescu read that quote.
15:22 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.46 BTC [-]
15:23 furuknap I've read it previously. I was attending that thread a bit later on.
15:24 mircea_popescu okay. the point remains : buffett's dilemma
15:24 mircea_popescu worse than fx issues, worse than the abundance of scammers,
15:24 ThickAsThieves the quote is great insight, but we don't know WHEN that will happen
15:24 mircea_popescu mining is a commodified market with large excess capacity
15:24 mircea_popescu ThickAsThieves it happens all the time.
15:25 ThickAsThieves but it could take 2 years for AM to lose dominance
15:25 ThickAsThieves likely less
15:25 furuknap The commoditizaion is why I want to look at profitability in mining companies over the long term, and thus why I sold out of AM earlier.
15:25 ThickAsThieves but can they not stay a leg up for the foreeable future?
15:25 mircea_popescu i am personally convinced that satoshi deliberately created the mining trap
15:26 mircea_popescu as a way to even the playing field (figuring moneyed interest will fall in, independent geeky types will avoid it)
15:26 mircea_popescu it's fascinating to me to see that it's mostly the idnependents falling in it.
15:26 mircea_popescu but this off teh records.
15:26 mircea_popescu ThickAsThieves the problem is not that. the problem is the maintenance cost of that dominance
15:26 mircea_popescu which is not offset by any dominance benefit.
15:27 assbot [MPEX] [S.MPOE] 5528 @ 0.00071608 = 3.9585 BTC [+]
15:27 ThickAsThieves the benefit is that AM both sells textiles AND sewing machines
15:27 ThickAsThieves they can tilt to hardware sales
15:27 ThickAsThieves as appropriate
15:28 ThickAsThieves they already do
15:28 ThickAsThieves no one is shipping, so they will ship
15:28 furuknap mp, I think I also spoke to that no later than today somewhere :-) Look, I think I understand what you mean, and if I do, my analysis follows that suit, albeit with likely different evaluations of risk and hope.
15:29 ThickAsThieves the life of the mining hardware sales market is surely longer than the mining farm efforts
15:30 ThickAsThieves so maybe AM becomes the HP of mining computers
15:30 ThickAsThieves or whichever PC maker example you prefer
15:30 mircea_popescu ThickAsThieves that's not a benefit
15:30 mircea_popescu the value of the sweing machines is strictly in cutting its textile market
15:30 mircea_popescu ThickAsThieves that's pretty much the only actual alpha scenario here.
15:31 ThickAsThieves the machines are sold at a premium now
15:31 ThickAsThieves priced right on the line of reasonable ROI
15:31 ThickAsThieves this is better than hashing
15:31 ThickAsThieves no?
15:31 mircea_popescu ThickAsThieves inasmuch as the machines are sold for more than they're worth, the people buying are making a loss
15:31 ThickAsThieves right
15:31 mircea_popescu there's a finite loss to be thus funneled into investor pockets.
15:32 mircea_popescu otherwise, it'd have been better to not sell them at all.
15:32 mircea_popescu so not really.
15:32 ThickAsThieves but it protects the operation from other mining farms
15:32 ThickAsThieves they are mining those blade's lifespand in one sale
15:32 ThickAsThieves now
15:32 mircea_popescu furuknap nothing wriong with that
15:33 assbot [BTCTC] [TAT.ASICMINER] 12 @ 0.025298 = 0.3036 BTC [+]
15:33 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.46 BTC [-]
15:33 mircea_popescu ThickAsThieves taking the burlington example, the only +ev move is if the war comes and they're converting to making ammo and selling it to the brits on us guaranteed credit.
15:33 mircea_popescu so ya, maybe we end up with alien messages and am gets a 1.5bn govt grant to crack it
15:33 ThickAsThieves hehe
15:33 mircea_popescu then there's added value to the pool and everyone's happy
15:34 mircea_popescu but on the game as it is, the problem looms.
15:34 ThickAsThieves well, i'll get on the board and warn them
15:34 ThickAsThieves ;)
15:34 ThickAsThieves NEVER FORGET BURLINGTON !
15:37 furuknap Meanwhile...
15:37 furuknap ;;ticker
15:37 gribble BTCUSD ticker | Best bid: 132.60001, Best ask: 132.70182, Bid-ask spread: 0.10181, Last trade: 132.60001, 24 hour volume: 40837.89188148, 24 hour low: 125.12102, 24 hour high: 133.98000, 24 hour vwap: 129.30293
15:37 mircea_popescu nice.
15:47 furuknap "And to sweeten the deal and get those shares moving I've decided to chuck in my bitcoin advertising earnings from my NSFW monetized Porn blogs as a monthly bonus dividend" <- I mean, c'mon, how can one _not_ take the mining asset market seriously?
15:47 furuknap "Yeah, we'll develop and sell iPads and iPhones and iMacs and stuff, but we'll also throw in the tips we get from stripping at the local joint"
15:48 ThickAsThieves I was considering waiving my mgmt fee for a while
15:48 mircea_popescu wait what ?!
15:49 mircea_popescu link pls
15:49 furuknap The later one was my parody in an Apple shareholder agreement, if that's what surprised you.
15:49 furuknap https://www.litecoinglobal.com/security/TRIPLE-B-MINING#tab6
15:49 mircea_popescu this shit's pretty good.
15:50 furuknap Yeah, for some definition of 'good'.
15:51 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.025398 = 0.127 BTC [+]
15:54 assbot [MPEX] [S.MPOE] 5900 @ 0.00071899 = 4.242 BTC [+]
15:54 assbot [MPEX] [S.MPOE] 13350 @ 0.00071919 = 9.6012 BTC [+]
15:55 assbot [BTCTC] [TAT.ASICMINER] 44 @ 0.025399 = 1.1176 BTC [+]
15:56 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.025398 = 0.127 BTC [-]
15:56 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.02543 = 0.1526 BTC [+]
15:58 assbot [MPEX] [S.MPOE] 6550 @ 0.00071919 = 4.7107 BTC [+]
15:58 assbot [MPEX] [S.MPOE] 6056 @ 0.00072037 = 4.3626 BTC [+]
16:05 assbot [HAVELOCK] [ASICM] 1 @ 0.0255 BTC [+]
16:05 assbot [HAVELOCK] [ASICM] 72 @ 0.0255 = 1.836 BTC [+]
16:05 assbot [HAVELOCK] [ASICM] 8 @ 0.0255 = 0.204 BTC [+]
16:06 assbot [HAVELOCK] [HIM] 2 @ 2.489 = 4.978 BTC [+]
16:07 assbot [HAVELOCK] [SDICE] 2 @ 0.245 = 0.49 BTC [+]
16:07 assbot [BTCTC] [PAJKA.BOND] 2 @ 0.10701 = 0.214 BTC [-]
16:07 assbot [BTCTC] [PAJKA.BOND] 1 @ 0.107 BTC [-]
16:07 assbot [BTCTC] [PAJKA.BOND] 1 @ 0.107 BTC [-]
16:07 assbot [HAVELOCK] [VTX] 1 @ 0.443 BTC [-]
16:08 assbot [BTCTC] [TAT.ASICMINER] 28 @ 0.025419 = 0.7117 BTC [-]
16:12 ThickAsThieves pics of the USB miners https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127
16:13 deadweasel not a glowing report
16:13 deadweasel but looks fancy
16:13 deadweasel novelty
16:13 ThickAsThieves he resolved his install issue
16:13 ThickAsThieves if thats what you mean
16:14 ThickAsThieves they mine at +10% advertised
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4557 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4556 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4555 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 10 @ 2.432001 = 24.32 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.432 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431003 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431002 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431001 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 12 @ 2.431 = 29.172 BTC [-]
16:14 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.43 = 7.29 BTC [-]
16:15 assbot [BTCTC] [BASIC-MINING] 1 @ 0.61 BTC [+]
16:16 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.390201 BTC [-]
16:16 assbot [BTCTC] [ASICMINER-PT] 7 @ 2.3902 = 16.7314 BTC [-]
16:16 assbot [BTCTC] [TAT.ASICMINER] 20 @ 0.025419 = 0.5084 BTC [-]
16:18 kakobrekla this arklan dude is some reseller?
16:18 kakobrekla ah i see in topic
16:18 kakobrekla nvm
16:19 fiat500 next stop: BTCUSD $1337
16:20 furuknap ;;ticker
16:20 gribble BTCUSD ticker | Best bid: 132.02437, Best ask: 132.37998, Bid-ask spread: 0.35561, Last trade: 132.37999, 24 hour volume: 42001.81799218, 24 hour low: 125.12102, 24 hour high: 133.98000, 24 hour vwap: 129.44076
16:20 furuknap Just remove 2. from best ask and you're virtually there.
16:21 mircea_popescu lol
16:21 thestringpuller mircea_popescu sending you a pm real quick
16:21 mircea_popescu ye
16:22 fiat500 naked pics?
16:22 mircea_popescu ;;google internet story
16:22 gribble Internet Story - Official Video - YouTube: <http://www.youtube.com/watch?v=g-SL4ejpP94>; Internet Story on Vimeo: <http://vimeo.com/13780892>; Internet Story (2010) - IMDb: <http://www.imdb.com/title/tt1679215/>
16:22 mircea_popescu aww
16:22 fiat500 lmfao
16:23 fiat500 i saw it
16:23 fiat500 "<3 mircea"
16:23 fiat500 and some eastern european titties
16:23 fiat500 fine ones at that
16:24 assbot [MPEX] [S.MPOE] 5944 @ 0.00072037 = 4.2819 BTC [+]
16:24 assbot [MPEX] [S.MPOE] 5456 @ 0.00072103 = 3.9339 BTC [+]
16:25 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024905 BTC [-]
16:25 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024905 BTC [-]
16:26 mircea_popescu they're american titties.
16:26 fiat500 well, perhaps shot in america, but they are probably from the ukraine
16:27 assbot [BTCTC] [ASICMINER-PT] 6 @ 2.395 = 14.37 BTC [+]
16:27 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.390201 BTC [-]
16:27 assbot [BTCTC] [ASICMINER-PT] 8 @ 2.3902 = 19.1216 BTC [-]
16:27 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.352 BTC [-]
16:27 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.351 = 4.702 BTC [-]
16:27 assbot [BTCTC] [ASICMINER-PT] 7 @ 2.35 = 16.45 BTC [-]
16:27 assbot [BTCTC] [COGNITIVE] 1 @ 0.322 BTC [+]
16:27 assbot [BTCTC] [ASICMINER-PT] 6 @ 2.35 = 14.1 BTC [-]
16:28 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.464999 BTC [+]
16:28 assbot [BTCTC] [TAT.ASICMINER] 49 @ 0.024905 = 1.2203 BTC [-]
16:28 assbot [BTCTC] [TAT.ASICMINER] 7 @ 0.024904 = 0.1743 BTC [-]
16:28 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.024903 = 0.2739 BTC [-]
16:28 assbot [BTCTC] [TAT.ASICMINER] 33 @ 0.024901 = 0.8217 BTC [-]
16:28 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.464999 BTC [+]
16:28 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.3301 BTC [-]
16:28 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.024901 = 0.2739 BTC [-]
16:28 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.33 = 4.66 BTC [-]
16:29 fiat500 interesting, that was 1 purchase of 1PT offset by sale of 100 100PT shares
16:29 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.465 BTC [+]
16:29 BitHub AM TANKING
16:29 ThickAsThieves panic!
16:29 aknap3 woohoo
16:29 topace DUMP DUMP DUMP!
16:29 fiat500 really stupid actually
16:30 fiat500 if that was the same person
16:30 fiat500 his 100PT shares were cheaper, even considering the 5% tribute to TAT
16:30 aknap3 If I were to dump, I'd do it on a Tuesday
16:30 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024801 BTC [-]
16:30 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.0248 = 0.124 BTC [-]
16:30 assbot [BTCTC] [TAT.ASICMINER] 22 @ 0.024752 = 0.5445 BTC [-]
16:30 assbot [BTCTC] [TAT.ASICMINER] 80 @ 0.02475 = 1.98 BTC [-]
16:30 aknap3 but I don't have any shares right now :)
16:31 fiat500 aknap3: why tuesday
16:31 ThickAsThieves prices seem to be generally lower on Fri/Sat
16:31 ThickAsThieves and Higher Mon/Tue
16:31 fiat500 interesting
16:31 aknap3 fiat500: full of hope for divs
16:31 aknap3 hope fetches higher prices than reality
16:31 assbot [BTCTC] [S.DICE-PT] 12 @ 0.00315 = 0.0378 BTC [-]
16:31 aknap3 also why I like calls so much
16:31 fiat500 divs are just silly
16:32 ThickAsThieves also, BTC/USD is up
16:32 ThickAsThieves and some want to capitalize
16:32 fiat500 i mean, its going to take 6 months worth of divs to make an amount equivalent to what ive made simply due to appreciation
16:32 aknap3 that'll cause a temporery dip
16:32 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.024601 = 0.1476 BTC [-]
16:32 assbot [BTCTC] [TAT.ASICMINER] 31 @ 0.024601 = 0.7626 BTC [-]
16:32 aknap3 then when BTC/USD drops, bunch of cheaply gained BTC enters the market and buys wrecklessly
16:32 fiat500 so selling before divs is a great idea assuming theres panic buying before
16:33 ThickAsThieves it kind of gets real quite immediately before divs
16:33 fiat500 aknap3: thats actually more likely once the ASICS reach mainstream
16:33 fiat500 looking forward to it
16:33 ThickAsThieves so you have to time it right
16:33 ThickAsThieves also,
16:33 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.463 BTC [-]
16:33 ThickAsThieves this can all be thrown out the window,
16:33 ThickAsThieves dpending on when friedcat processes xfers to exchanges
16:34 fiat500 heh
16:34 ThickAsThieves which are not predictable
16:34 aknap3 that's the black swan
16:34 furuknap mp, I hadn't seen that internet story video. Very, very cool, thanks for sharing.
16:34 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0246 BTC [-]
16:34 fiat500 lmfao
16:36 assbot [BTCTC] [TAT.ASICMINER] 7 @ 0.0245 = 0.1715 BTC [-]
16:36 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.464999 BTC [+]
16:37 assbot [BTCTC] [TAT.ASICMINER] 34 @ 0.02442 = 0.8303 BTC [-]
16:38 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.483999 BTC [+]
16:39 fiat500 interesting that all this movement is on BTCT but HI is quiet
16:39 fiat500 anyone here trade on havelock?
16:39 aknap3 I have an account there. tried it once.
16:39 aknap3 TAT seems to like the issuer interface
16:40 aknap3 I think the setup for transfering between there and mpex has great potential, actually a model that should be copied
16:40 topace :)
16:40 topace thanks
16:41 topace <-- i run havelock
16:41 aknap3 topace: didn't think you were paying attention :)
16:41 aknap3 for my own trading, I don't use it because I prefer to play options
16:42 topace i glance here from time to time
16:42 topace :)
16:42 aknap3 but I'd be there all the time otherwise -- plus, I'm Canadian
16:43 assbot [MPEX] [S.MPOE] 24016 @ 0.00072103 = 17.3163 BTC [+]
16:43 assbot [MPEX] [S.MPOE] 18600 @ 0.0007215 = 13.4199 BTC [+]
16:43 assbot [MPEX] [S.MPOE] 13200 @ 0.00072276 = 9.5404 BTC [+]
16:43 assbot [MPEX] [S.MPOE] 9950 @ 0.0007231 = 7.1948 BTC [+]
16:44 assbot [MPEX] [S.MPOE] 7661 @ 0.00072464 = 5.5515 BTC [+]
16:44 topace hehe well, options might be coming soon (tm) to a havelock investments near you!
16:44 aknap3 cool
16:46 assbot [BTCTC] [TAT.ASICMINER] 50 @ 0.02515 = 1.2575 BTC [+]
16:48 jurov ;;bc,stats
16:48 gribble Current Blocks: 237741 | Current Difficulty: 1.1187257461360792E7 | Next Difficulty At Block: 237887 | Next Difficulty In: 146 blocks | Next Difficulty In About: 21 hours, 6 minutes, and 30 seconds | Next Difficulty Estimate: 12044374.8897 | Estimated Percent Change: 7.66155
↖
16:49 fiat500 topace: cool, thinking of moving some coins to trade there
16:49 furuknap That's a petty change...
16:51 fiat500 good thing i didnt bother with difficulty futures :P
16:51 assbot [BTCTC] [TAT.ASICMINER] 100 @ 0.025 = 2.5 BTC [-]
16:52 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.45 BTC [-]
16:52 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02515 = 0.0503 BTC [+]
16:53 ThickAsThieves ;;estimate
16:53 gribble Next difficulty estimate | 12046750.2718 based on data since last change | 12915013.3734 based on data for last three days
16:54 furuknap Fascinating. This has been an announcement about an observation of no relatable quality.
16:56 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.45 BTC [-]
16:56 jurov ;;next
16:56 gribble targets: 140-145, 160-166, 178-188 | support: 128-130 | #bitcoin [Fri, 24 May 2013 18:24:11 +0000] | tips: http://bit.ly/YnxUM4 | disclaimer: http://bit.ly/139er6E | this is not investment or trading advice | #bitcoin-analysis | https://twitter.com/BitcoinOracle | updated by OneFixt | 2 hours, 32 minutes, and 45 seconds ago
16:57 jurov hohohoooo
16:59 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.420002 BTC [-]
16:59 assbot [BTCTC] [BASIC-MINING] 1 @ 0.605001 BTC [-]
17:03 assbot [BTCTC] [BASIC-MINING] 2 @ 0.605 = 1.21 BTC [-]
17:03 assbot [BTCTC] [BASIC-MINING] 1 @ 0.6 BTC [-]
17:08 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.43 = 7.29 BTC [+]
17:08 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4779 BTC [+]
17:10 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.475 BTC [-]
17:11 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477994 BTC [+]
17:11 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.477995 = 7.434 BTC [+]
17:14 assbot [BTCTC] [BITVPS] 71 @ 0.000857 = 0.0608 BTC [-]
17:14 assbot [BTCTC] [TAT.ASICMINER] 28 @ 0.025149 = 0.7042 BTC [-]
17:15 ThickAsThieves 2000 new shares on BTCTC, lol
17:16 assbot [HAVELOCK] [ASICM] 4 @ 0.025 = 0.1 BTC [-]
17:16 aknap3 ouch
17:17 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.025149 = 0.1509 BTC [-]
17:17 ThickAsThieves that explains the selloff earlier
17:19 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.0247 = 0.0988 BTC [-]
17:21 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.025 BTC [+]
17:22 assbot [BTCTC] [TAT.ASICMINER] 35 @ 0.024999 = 0.875 BTC [-]
17:22 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4745 BTC [-]
17:22 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.4311 = 4.8622 BTC [-]
17:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431 BTC [-]
17:23 fiat500 ThickAsThieves: aha, and explains the lack of movement elsewhere
17:23 fiat500 thanks for pointing it out
17:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.441 BTC [+]
17:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431101 BTC [-]
17:23 assbot [BTCTC] [BASIC-MINING] 1 @ 0.5885 BTC [-]
17:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.430001 BTC [-]
17:24 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024999 = 0.075 BTC [-]
17:24 assbot [BTCTC] [TAT.ASICMINER] 50 @ 0.02451 = 1.2255 BTC [-]
17:24 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.0245 = 0.098 BTC [-]
17:24 assbot [BTCTC] [TAT.ASICMINER] 26 @ 0.02442 = 0.6349 BTC [-]
17:24 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.431 BTC [+]
17:24 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.43 BTC [-]
17:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.43 BTC [-]
17:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4745 BTC [+]
17:25 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.44 = 7.32 BTC [-]
17:25 assbot [HAVELOCK] [ASICM] 106 @ 0.0247 = 2.6182 BTC [-]
17:26 assbot [HAVELOCK] [ASICM] 190 @ 0.0244 = 4.636 BTC [-]
17:26 assbot [HAVELOCK] [ASICM] 4 @ 0.0243 = 0.0972 BTC [-]
17:26 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4748 BTC [+]
17:26 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4749 BTC [+]
17:27 parseval I'm glad that worked for you inhies
17:34 assbot [HAVELOCK] [HIM] 3 @ 2.5 = 7.5 BTC [+]
17:37 assbot [HAVELOCK] [VTX] 29 @ 0.443 = 12.847 BTC [-]
17:39 assbot [HAVELOCK] [HIM] 1 @ 2.5001 BTC [+]
17:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47198 BTC [-]
17:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.471988 BTC [+]
17:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.472 BTC [+]
17:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4749 BTC [+]
17:41 assbot [HAVELOCK] [HIM] 1 @ 2.599 BTC [+]
17:41 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.471979 BTC [-]
17:41 assbot [BTCTC] [S.MPOE-PT] 1 @ 0.00075 BTC [+]
17:42 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.4749 = 9.8996 BTC [+]
17:43 assbot [HAVELOCK] [ASICM] 120 @ 0.0245 = 2.94 BTC [+]
17:44 assbot [BTCTC] [ASICMINER-PT] 5 @ 2.475 = 12.375 BTC [+]
17:48 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024998 BTC [+]
17:50 pgp question: is there anything preventing the creation of a transaction for 0 BTC, but with a miner fee so that it would pickup up?
17:54 pgp the reason i ask is that all the passthru nonsense seems so cumbersome - seems to me like you could use the block chain to move shares around, no?
17:54 furuknap Colored coins?
17:54 fiat500 the passthrough makes it easier to trade on an exchange
17:54 assbot [BTCTC] [COGNITIVE] 3 @ 0.335 = 1.005 BTC [+]
17:55 pgp but they're not fungible
17:57 pgp why not imbed them in the blockchain in the comments field - seems to me that it could be done pretty easily so your shares could exist in your wallet and could be moved to where you want
17:57 pgp provided, of course, that every agrees on a format for such a comments
17:59 kakobrekla 23:50.17 ( pgp ) question: is there anything preventing the creation of a transaction for 0 BTC, < yes, with 0.8xx theres a min set... cant have txes smaller than i dont remember howmany satoshi
18:02 fiat500 pgp: some of them are fungible
18:03 pgp yes, but you have to push the shares, requires someone to do it for you, etc
18:03 fiat500 blockchain is not the most efficient data structure for this kind of stuff
18:03 fiat500 when you are distributing dividends etc
18:03 jurov pgp i actually stumbled upon similar txs
18:03 jurov some outputs were 0
18:04 pgp seems to me that you could use the blockchain for lots of stuff besides BTC
18:04 pgp but if there is a min quantity, that's a problem
18:04 mircea_popescu pgp 0tx are nonstandard
18:04 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024799 = 0.0744 BTC [-]
18:04 mircea_popescu (meaning they won't get picked up)
18:04 fiat500 yeah you could use it to communicate video data if you want but its not an efficient way to do it
18:04 pgp even with a miner fee?
18:05 mircea_popescu as to the blockchain shares, it's called colored coins. it has it's own problems
18:05 mircea_popescu ;;google why i nixed jazz
18:05 gribble Why I nixed p2p, colored coins and all that jazz pe Trilema - Un blog ...: <http://polimedia.us/trilema/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/>; Why King County nixed woman's marriage to a corporation in ...: <http://www.kplu.org/post/why-king-county-nixed-woman-s-marriage-corporation-seattle>; The five spot: Where can I see real jazz played in town? | Las Vegas (1 more message)
18:05 mircea_popescu it's not a matter of miner fees. nonstandard tx are not relayed.
18:05 jurov pgp, for sharing big data in blockchain-esqe way, there's freenetproject
18:05 pgp but to decentralize the ledgering of othe assets seems like an intersting application
18:05 jurov ut as it has limited capacity, it forgets unused files
18:07 jurov you did read trilema treatise on the decentralized exchanges?
18:08 assbot [HAVELOCK] [ASICM] 2 @ 0.02430001 = 0.0486 BTC [-]
18:08 jurov so i think yes the ownership can and will be tracked by some blockchain mechanism
18:08 jurov but markets will stay centralized
18:09 assbot [HAVELOCK] [ASICM] 56 @ 0.0243 = 1.3608 BTC [-]
18:09 pgp I did not read the trilema article about decentralized exchanges - link?
18:09 jurov [00:05] just below <mircea_popescu> ;;google why i nixed jazz
18:10 assbot [HAVELOCK] [ASICM] 25 @ 0.0243 = 0.6075 BTC [-]
18:11 assbot [HAVELOCK] [ASICM] 1 @ 0.024272 BTC [-]
18:11 assbot [HAVELOCK] [ASICM] 16 @ 0.02400001 = 0.384 BTC [-]
18:12 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0026 BTC [-]
18:13 pgp yeah, so what about it?
18:14 assbot [HAVELOCK] [ASICM] 107 @ 0.02400001 = 2.568 BTC [-]
18:14 pgp I'm refering to a idea about moving asset custody. For example, why not have a mechnism "like" the blockchain to move ASICM to whatever exchange you want.
18:14 pgp or keep it in you own wallet
18:15 fiat500 exchanges have no incentive to implement that
18:15 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47 BTC [-]
18:15 pgp but an issuer would
18:15 pgp public ledger would make divs a breeze
18:16 assbot [HAVELOCK] [ASICM] 25 @ 0.0241 = 0.6025 BTC [+]
18:16 assbot [HAVELOCK] [ASICM] 50 @ 0.0242 = 1.21 BTC [+]
18:16 assbot [BTCTC] [TAT.ASICMINER] 46 @ 0.024799 = 1.1408 BTC [+]
18:17 assbot [HAVELOCK] [ASICM] 23 @ 0.0245 = 0.5635 BTC [+]
18:17 mircea_popescu it's a bad idea.
18:17 assbot [BTCTC] [TAT.ASICMINER] 16 @ 0.0248 = 0.3968 BTC [+]
18:17 pgp are you a bit biased?
18:17 mircea_popescu ;/
18:17 furuknap Problem 0
18:17 mircea_popescu you know this is diosxcussed in the article you apparently don't want to read.
18:17 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.450001 BTC [-]
18:18 assbot [HAVELOCK] [ASICM] 202 @ 0.0245 = 4.949 BTC [+]
18:18 pgp I read it - what are you specifically referring to?
18:18 pgp problem 0?
18:18 furuknap [00:17] <furuknap> Problem 0
18:19 mircea_popescu that i am not biased, but in a perfect position to implement it
18:19 mircea_popescu if it actually were a good idea.
18:19 mircea_popescu it's not.
18:19 furuknap I'll still argue that you're stuck, though, mp. Colored coins in the BTC blockchain may not work, but nothing prevents an alternate chain, tailored to the needs of an asset market, to evolve. Thinking in terms of what is possible or conceivable now is limiting.
18:20 furuknap *from evolving.
18:20 mircea_popescu that's not the objection.
18:20 mircea_popescu the objection is that this thing wouldn't actually add any benefit.
18:20 pgp what is meant by colored coins?
18:21 mircea_popescu creating some special coins which denote ownership of shares.
18:22 assbot [HAVELOCK] [ASICM] 6 @ 0.024 = 0.144 BTC [-]
18:22 assbot [HAVELOCK] [ASICM] 4 @ 0.0243 = 0.0972 BTC [+]
18:22 furuknap It would add benefit if it could solve problems that an asset market has or will get.
18:22 assbot [HAVELOCK] [ASICM] 60 @ 0.0242 = 1.452 BTC [-]
18:22 assbot [HAVELOCK] [ASICM] 10 @ 0.0241 = 0.241 BTC [-]
18:22 assbot [HAVELOCK] [ASICM] 16 @ 0.02400002 = 0.384 BTC [-]
18:22 mircea_popescu furuknap such as ?
18:22 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.476999 BTC [+]
18:22 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477 BTC [+]
18:22 assbot [BTCTC] [ASICMINER-PT] 8 @ 2.477795 = 19.8224 BTC [+]
18:22 furuknap We may not see that right now, but none of us saw in 2008 what problems Bitcoin would solve either. Otherwise, we'd be called Satoshi Nakamoto.
18:23 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.451 BTC [-]
18:23 mircea_popescu no, actually i saw the problems
18:23 mircea_popescu what i didn't see was the solution
18:23 mircea_popescu not even by a long shot.
18:23 furuknap That's one of the things that fascinate me with cryptocurrencies; it allows us to explore (and in altcoin land, test) new ideas for working with values.
18:23 assbot [BTCTC] [COGNITIVE] 10 @ 0.35 = 3.5 BTC [+]
18:23 mircea_popescu but sure, in general speaking the world is not complete so you never know.
18:25 furuknap OK, so here's one problem that current asset market doesn't solve. Insider trading or what we consider unethical price manipulation, legal or otherwise. I don't have a solution, but a BTC-based or derived system may bring forth ideas that could control or somehow reverse illegal actions, as defined by whatever jurisdiction.
18:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4511 BTC [+]
18:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.451001 BTC [-]
18:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.451 BTC [-]
18:26 mircea_popescu reverse ?
18:26 mircea_popescu you want a reversible altchain ?
18:27 furuknap I don't know, that's the point. If I had the solution, I would tell you, honestly :-)
18:27 mircea_popescu well supposedly colored coins are the solution
18:27 mircea_popescu what we're looking for is a conceivable problem they might solve.
18:27 furuknap For instance, again not particularly thought out, bans on shares held by denoted key insiders before or during important events. A deadlock on trades with those shares could reverse the trade (to be declared to the buyer) if breach of whatever happened.
18:28 mircea_popescu you'd never know the insider handles. kinda the point of crypto currency
18:29 TomServo Would it somehow allow a failed exchange to transfer shares to another? Or is that not even an issue?
18:29 furuknap Again, now you're thinking in BTC mode.
18:29 assbot [BTCTC] [BITVPS] 4 @ 0.000857 = 0.0034 BTC [-]
18:29 TomServo Or an owner of assets on a failed exchange, I should say.
18:29 mircea_popescu TomServo well i don't see how it'd do better than what's currently in place atm
18:30 mircea_popescu (see bitvps transfer)
18:30 assbot [BTCTC] [ASICMINER-PT] 7 @ 2.45 = 17.15 BTC [-]
18:31 FabianB not much difference between failed (dead) altcoin and failed exchange
18:31 TomServo I will take a look. Honestly, I don't know much other than it sounds like the glbse closure was a fuckshow.
18:32 assbot [BTCTC] [PAJKA.BOND] 1 @ 0.1071 BTC [+]
18:33 qxzn Has anyone else noticed that BTCTC could easily stand for BTC Trash Can?
18:33 mircea_popescu how charitable
18:33 mircea_popescu TomServo bitvps was transferred off mpex
18:33 TomServo mircea_popescu: I didn't realize bitvps was listed on mpex originally. Why the transfer?
18:34 mircea_popescu list of holder gpg keys encrypted with owner's key publioshed on btctalk
18:34 mircea_popescu http://polimedia.us/trilema/2013/sbvps-delisting-notice/
18:35 mircea_popescu and https://bitcointalk.org/index.php?topic=76506.msg1531701#msg1531701 for the actual thing.
18:35 mircea_popescu unlike the horrorshow of glbse etc emails, this is the actual standard i'd say.
18:35 assbot [MPEX] [S.MPOE] 3100 @ 0.00072373 = 2.2436 BTC [-]
18:37 BitHub hey mp do you have mpex upgrade/revampl plans for the next few months posted on your blog i could read about?
18:37 mircea_popescu um
18:38 mircea_popescu http://polimedia.us/trilema/2013/so-whats-the-plan-with-mpoempex/
18:38 mircea_popescu that's about it.
18:38 BitHub thank you :)
18:38 assbot [MPEX] [S.MPOE] 6518 @ 0.00072453 = 4.7225 BTC [+]
18:38 assbot [MPEX] [S.MPOE] 6301 @ 0.00072464 = 4.566 BTC [+]
18:38 assbot [MPEX] [S.MPOE] 6317 @ 0.00072539 = 4.5823 BTC [+]
18:38 assbot [MPEX] [S.MPOE] 7914 @ 0.00072567 = 5.743 BTC [+]
18:39 BitHub ahh back from feb, not much changing from that?
18:39 jurov !ticker m s.mpoe
18:39 assbot [MPEX:S.MPOE] 1D: 0.00070412 / 0.00071388 / 0.00072567 (472070 shares, 337.00 BTC), 7D: 0.00065751 / 0.00069026 / 0.00072567 (3441360 shares, 2,375.45 BTC), 30D: 0.00064 / 0.0006983 / 0.00076528 (10796515 shares, 7,539.21 BTC)
18:39 qxzn pgp: "I'm refering to a idea about moving asset custody. For example, why not have a mechnism "like" the blockchain to move ASICM to whatever exchange you want." this sounds a lot like ripple
18:40 mircea_popescu BitHub only been a few months. plans for years.
18:41 pgp ok - so - why are "colored coins" such a bad idea? I am not suggesting any sort of p2p exchange, just ledgering and the ability to trade you shares on differenet exchanges.
18:41 BitHub any new ipo's coming up?
18:41 pgp ripple is flawed
18:42 pgp but their consensus engine does seem interesting
18:42 BitHub just analysing what i should do with the mpoe stock
18:42 qxzn the problem is that shares on one exchange have different value than shares on another exchange
18:42 qxzn mostly because of variance in counterparty risk
18:43 BitHub i would actually like to sign up and use it, something different from BF and btct
18:43 mircea_popescu BitHub yes, actually.
18:43 BitHub but don't think its really suited for me atm
18:43 mircea_popescu pgp for one, you will have the normal confirmation delay. for the other, how do you pay the miners ?
18:43 BitHub cool
18:43 mircea_popescu for the yet another, how do you pay the devs
18:45 BitHub i really miss glbse
18:45 pgp yes, but let's look at how it work for financial markets. I can hold a stock certificate in my name (personal wallet), or I can deposit with my broker and put it in "street" name (broker's wallet and trade it on an exchange - ANY exchange - in the US that would mean 7 major exchanges, but 20 or so dark pools. Every share is identical and fungible.
18:45 mircea_popescu right
18:46 mircea_popescu BitHub why ?
18:46 pgp I don't care about delay, just the ability to move it
18:46 TomServo pgp: I think opentransactions might be the thing you're looking for.
18:46 mircea_popescu is that thing still actively tinkered on ?
18:46 BitHub idont know it just exciting when it first was around
18:47 mircea_popescu pgp afaik these days stock certs are mostly digital
18:47 mircea_popescu you can "own" it but in the terms of, some clearance corp saying so and that's all there is.
18:47 mircea_popescu nobody wants to administer the physical stuff anymore, too expensive, forgeries etc
18:47 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4749 BTC [+]
18:47 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477794 BTC [+]
18:48 TomServo mircea_popescu: you asking if open-transactions is being tinkered on/
18:48 mircea_popescu yea
18:48 TomServo https://bitcointalk.org/index.php?topic=212490.0;all
18:48 mircea_popescu i recall looking at it early 2012 or so
18:48 TomServo that was pretty recent
18:48 TomServo and compelling
18:48 mircea_popescu even sponsoring it a little.
18:48 BitHub what if exchanges agreed to allow users from one exchange to exchange the same shares with another user on another asset exchange
18:48 mircea_popescu but, it never seemed to go very far for some reason.
18:48 mircea_popescu BitHub htye already do, for pretty much all mpex shares
18:48 mircea_popescu you can trade the pt to the share and back
18:48 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.0248 = 0.0744 BTC [+]
18:48 assbot [BTCTC] [TAT.ASICMINER] 6 @ 0.024997 = 0.15 BTC [+]
18:49 assbot [HAVELOCK] [HIM] 1 @ 2.55000001 BTC [-]
18:49 BitHub nice
18:49 pgp i see
18:50 BitHub some mpex BF intergration would be sweet
18:50 pgp btw, you most certainly can request a stock certificate at any time - hassle and not common - but people do it for many reasons
18:51 BitHub digital stock cert could be linked to a qr code or something <--n00b at this stuff
18:51 pgp but having some sort of non exchange controlled mechanism to prove, for example, that there are no conterfiet share out there, seems like a worthy goal
18:52 mircea_popescu the mpex dividend actually tests for this
18:52 pgp a public ledger
18:52 mircea_popescu as it won't push out div if the share count is > the declared count
18:53 pgp or anonymous addresses
18:53 pgp blockchain
18:53 pgp or really, an altchain
18:53 mircea_popescu listen, an altchain is not trustworthy in pricniple.
18:53 pgp *of* anonymous addresses
18:53 mircea_popescu it only becomes trustworthy if very much used.
18:53 mircea_popescu tons of mining
18:53 mircea_popescu etc.
18:54 mircea_popescu this fetish people have for blockchains is being exploited atm by all the altchain scams.
18:54 mircea_popescu fact is an altchain is trustworthy just for being an altchain to the same degree that written text can be trusted just for being written on paper.
18:54 mircea_popescu paper will take anything, the blockchain idea will take anything.
18:54 BitHub BF mpex intergration example, i could have an account at bf and mpex and buy shares from bf and transfer it to mpex for a fee, both exchanges share the fee. Now i can trade my sdice shares on mpex, vice versa
18:55 BitHub ahhbitraage
18:55 mircea_popescu BitHub people; actually do this already
18:55 mircea_popescu i dont recall whio's running the hf pt.
18:55 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024997 = 0.05 BTC [+]
18:56 assbot [HAVELOCK] [ASICM] 10 @ 0.0244 = 0.244 BTC [+]
18:56 BitHub true? i would love to understand it
18:56 assbot [BTCTC] [COGNITIVE] 1 @ 0.36 BTC [+]
18:56 assbot [BTCTC] [COGNITIVE] 7 @ 0.36 = 2.52 BTC [+]
18:58 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.024997 = 0.125 BTC [+]
18:58 BitHub ore just see more seamless intergration between btct, mpex, havelock, BF
18:59 pgp ok - so the sort of thing that is possible today is much like ADR and ordinary shares. They are convertible for a fee, they trade on different exchange, and it's a hassle to convert.
18:59 pgp but it the only solution for dealing with DIFFERENT base currencies...
19:00 pgp BTC assets are the same currency, but same hassle? why?
19:00 mircea_popescu because mpex uses strong ownership
19:01 assbot [HAVELOCK] [ASICM] 41 @ 0.0243 = 0.9963 BTC [-]
19:01 mircea_popescu (gpg contracts, gpg orders)
19:01 mircea_popescu and everyone else uses weak ownership (no contracts ; fiat ownership)
19:01 jurov i think mp is the wrong person to ask things from... you want to have corporations that issue something like gpg-signed share certificates
19:01 jurov then it will be only a question to get exchanges to recognize them
19:01 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477 BTC [-]
19:01 mircea_popescu and so at the interface between hard and soft you will have a gap
19:01 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.477795 = 4.9556 BTC [+]
19:02 assbot [HAVELOCK] [ASICM] 15 @ 0.02400001 = 0.36 BTC [-]
19:03 assbot [HAVELOCK] [ASICM] 7 @ 0.02400001 = 0.168 BTC [-]
19:03 mircea_popescu jurov well basically listing on mpex does that exactly.
19:04 assbot [BTCTC] [S.DICE-PT] 6 @ 0.0032 = 0.0192 BTC [+]
19:04 assbot [BTCTC] [S.DICE-PT] 28 @ 0.0032 = 0.0896 BTC [+]
19:05 TomServo I think open transactions is meant to solve these issues.
19:07 jurov TomServo: is meant to or it actually solves? why friedcat isn't using it, for example?
19:07 jurov if he hates "classic" exchanges
19:09 TomServo jurov: I guess 'is meant to' at this point - it appears incomplete
19:09 TomServo But it sounds promising with evidently having solved the cross server discover issue
19:09 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024997 = 0.05 BTC [+]
19:10 jurov mircea_popescu: there is no possibility for a corporation to have multiple counterparties on the same level as mpex
19:10 jurov it's only possible to have everything on mpex and then passthroughs
19:11 mircea_popescu well, leaving aside that there isn't a 2nd mpex to begin with, having no hierarchy means you'll have to face the byzantine problem
19:11 mircea_popescu which means either blockchain or more genius
19:12 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477795 BTC [+]
19:13 assbot [BTCTC] [TAT.ASICMINER] 31 @ 0.024997 = 0.7749 BTC [+]
19:13 jurov yes i know, but i'm optimistic it will be solved long term
19:14 mircea_popescu maybe. i'm still not sure why exactly it is a problem.
19:14 ThickAsThieves typing from mobile, but it seems to me you guys are requesting a feature of inter exchange xfer,
19:14 ThickAsThieves but not stating the problem u wanna solve
19:15 ThickAsThieves my guess,
19:15 mircea_popescu ThickAsThieves i been asking that for ~2 hours
19:15 mircea_popescu i guess people are just keen to do stuff
19:15 ThickAsThieves is u wanna arb without the risk of taking a position on all xchanhes
19:15 ThickAsThieves and rhis is just masked bitching
19:16 ThickAsThieves but
19:16 ThickAsThieves what u dont realize
19:16 ThickAsThieves is if u could do inter xchanfe arb
19:16 ThickAsThieves sobeasily
19:16 ThickAsThieves it wouldn't exist
19:16 ThickAsThieves right?
19:17 TomServo I thought the problem was not having to trust a third party?
19:17 mircea_popescu haha that's a point
19:17 jurov it's also trust. mp seems to think about it as nonissue that mpex is to be the apex trusted with all shares
19:17 mircea_popescu trustless finance is nonsense.
19:17 ThickAsThieves if u dont want risk buy direct
19:17 ThickAsThieves closest u can get
19:18 mircea_popescu im not sure why this is difficult to digest, but finance is fundamentally fiduciary.
19:18 ThickAsThieves but then, no arb 4 u
19:18 BitHub ghey
19:18 ThickAsThieves so the moral is
19:19 ThickAsThieves if u wanna make fukn money on arb, take positions and risk
19:19 ThickAsThieves and make datmoney
19:19 mircea_popescu i don't think at any point in the > 5000 years history of arbing
19:19 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.477795 BTC [+]
19:19 mircea_popescu anyone involved didn't try to minimize risk
19:19 jurov yes. and then passthrough op vanishes
19:20 jurov like brendio for example
19:20 mircea_popescu thats a good example cause he seemed real trustworthy all through and never had a good reason to disappear
19:23 mircea_popescu unrelatedly, if you've never tried having a girl sit in your lap while you're sitting on one of those large yoga inflatable rubber balls you must do so forthwith
19:27 qxzn < mircea_popescu> trustless finance is nonsense.
19:27 qxzn ^
19:39 furuknap Interesting. There's actually a Devcoin AM PT. https://cryptostocks.com/securities/39
19:40 furuknap Wonder when someone will come up with an LTC AM PT.
19:40 mircea_popescu didn;'t cryptostocks turn scammy or am i confused
19:40 Namworld Brendio didn't really disappear. He eventually showed up after harassing him.
19:41 Namworld He just kind of carried on when GLBSE closed and couldn't bother when GLBSE disclosed the lists.
19:41 furuknap I haven't looked into that exchange at all, but the AM PT just recently launched so either someone is very stupid or very brave if this is a scam site.
19:42 mircea_popescu furuknap it;s old, but there was some issue
19:42 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.469999 = 4.94 BTC [-]
19:42 mircea_popescu recently i mean
19:42 furuknap The site is trading with a massive 4 full AM shares, though (it's a 1/1000 PT) so I'm not expecting any huge market moves elsewhere.
19:43 assbot [HAVELOCK] [ASICM] 7 @ 0.02400009 = 0.168 BTC [+]
19:43 mircea_popescu https://bitcointalk.org/index.php?topic=201674.0
19:43 mircea_popescu a there it is, not scam, hack-y
19:43 furuknap Ah. The AM PT thread launched May 5 this year, though: https://bitcointalk.org/index.php?topic=196217.msg2039800#msg2039800
19:44 assbot [HAVELOCK] [ASICM] 10 @ 0.02400009 = 0.24 BTC [+]
19:44 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.469999 BTC [-]
19:44 mircea_popescu so 6 days before the hack
19:44 furuknap Yup.
19:45 assbot [BTCTC] [ASICMINER-PT] 10 @ 2.47 = 24.7 BTC [+]
19:45 assbot [HAVELOCK] [VTX] 12 @ 0.435 = 5.22 BTC [-]
19:47 assbot [HAVELOCK] [ASICM] 20 @ 0.02400009 = 0.48 BTC [+]
19:48 assbot [HAVELOCK] [ASICM] 173 @ 0.02400009 = 4.152 BTC [+]
19:51 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02499 = 0.05 BTC [-]
19:51 ThickAsThieves hacked twice if i recall
19:52 furuknap I'm... not... entirely sure this is the best promotional video Devcoins could get... http://www.youtube.com/watch?v=K_Axa9_yXF4
19:53 assbot [HAVELOCK] [ASICM] 2 @ 0.02400009 = 0.048 BTC [+]
19:53 assbot [MPEX] [S.MPOE] 12135 @ 0.00072567 = 8.806 BTC [+]
19:54 ThickAsThieves https://bitcointalk.org/index.php?topic=215490.0 <<< Chaang-Noi's next toy?
19:56 assbot [HAVELOCK] [ASICM] 32 @ 0.02400009 = 0.768 BTC [+]
19:56 assbot [HAVELOCK] [ASICM] 3 @ 0.02400009 = 0.072 BTC [+]
19:57 furuknap Cool. Of course, if Bitcoins goes to $1M each, then you'd also be famous for being the person that bought a Bentley GT for $375M.
19:59 ThickAsThieves you could say that abiut all the dollars never spent on bitcoin
20:00 assbot [HAVELOCK] [ASICM] 13 @ 0.02400009 = 0.312 BTC [+]
20:01 ThickAsThieves if i had bought bitcoins instead of lunch a few years ago id be rich!
20:02 assbot [HAVELOCK] [ASICM] 20 @ 0.02449999 = 0.49 BTC [+]
20:03 assbot [BTCTC] [TAT.ASICMINER] 15 @ 0.0249 = 0.3735 BTC [-]
20:04 assbot [HAVELOCK] [HIM] 1 @ 2.6401 BTC [+]
20:06 ThickAsThieves http://www.thebitcointrader.com/2013/05/i-was-offered-550-to-say-that-ripple-is.html
20:06 ThickAsThieves however
20:07 ThickAsThieves he was offered $551+ to say ripple is awesome http://www.thebitcointrader.com/2013/05/ripple-is-now-tsunami.html?utm_source=feedly
20:07 mircea_popescu lol what
20:08 assbot [HAVELOCK] [VTX] 1 @ 0.4399 BTC [+]
20:08 ThickAsThieves im gonna advertise there too fukit
20:09 furuknap I'm not joking, but despite having tried, I still don't understand Ripple.
20:09 furuknap As in, I have no idea how the fuck it works.
20:09 ThickAsThieves by design
20:09 mircea_popescu "the same accusations"
20:09 mircea_popescu well... no. not at all.
20:10 mircea_popescu what a fuckwit that guy. "not open" "centralised" vs "ponzi" how are these "the same" ?
20:10 ThickAsThieves thats why tradefortress scammed everyone
20:10 ThickAsThieves using ripple
20:10 mircea_popescu Ripple is led by Jed McCaleb (founder of MtGox, eDonkey) and Chris Larsen (e-loan, Prosper.com), both successful businessmen who do not have an interest in sullying their good name
20:10 mircea_popescu herp. jed is still buthurt over the mtgox thing
20:11 mircea_popescu (and he was the "auditor" in the 1st mtgox heist, incidentally)
20:11 ThickAsThieves yeah and prosper really took off
20:11 ThickAsThieves i wonder who gets more paybacks prosper or btcjam
20:11 mircea_popescu i'd blog about that retard but the problem is the 1% idiots that read trilema and don't understand wtf would probably triple his trafic
20:13 ThickAsThieves i dabbled in prosper years ago
20:13 ThickAsThieves i think i made $20 profit
20:14 mircea_popescu pm btw.
20:17 assbot [HAVELOCK] [ASICM] 1 @ 0.02449999 BTC [+]
20:17 assbot [BTCTC] [MININGCO.ETF] 1 @ 0.73999 BTC [-]
20:17 assbot [BTCTC] [MININGCO.ETF] 1 @ 0.74 BTC [+]
20:18 Namworld The thing is, XRP isn't really a currency. It's tokens to make transactions...
20:19 Namworld and they're not really being sold
20:19 Namworld The issue is, Ripple is just plain stupid...
20:19 furuknap Wow. Crypto-trade may actually launch in less than 24 hours. I'd buy shares, but I can't seem to get my jaw back up from the floor.
20:19 Namworld The heck is Crypto-trade?
20:20 furuknap Ever heard trhe term vaporware?
20:20 furuknap They'll shortly be upgrading the wikipedia article to list Crypto-Trade as a typical example.
20:20 sikbwoy vaporware+BFL?
20:21 sikbwoy *vaporware=BFL?
20:21 Namworld All money on Ripple is just IOUs... you have to trust certain issuers... which tends to be exchanges... which trade virtual currencies and fiats...
20:21 sikbwoy lol
20:21 furuknap I still don't get it. I get an IUO from whom and why could that be worth squat to me?
20:21 Namworld So Ripple is kinda superfluous...
20:22 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47 BTC [+]
20:22 Namworld It's worth something if the IOU issuer is an exchange, like BitStamp for example
20:22 Namworld since you can deposit this IOU at that exchange for BTC or USD or whatever
20:23 furuknap So... You run exchange X and I buy an IOU from you to sell it back to you? In other words, a plain, regular loan?
20:23 Namworld You could, for example, trade a Gox 1 BTC IOU on ripple for 130 USD IOUs from BitStamp with another Ripple user.
20:23 Namworld But that's just plain stupid
20:23 Namworld Since all virtual currencies can be just sent directly to that other exchange
20:24 Namworld You could trade one exchange's fiat IOU for another exchange's other fiat IOUs
20:24 Namworld That's not easy...
20:24 Namworld BUT
20:24 furuknap Yeah, because why would I want to do that? I could just trade it for USD or any other currency.
20:24 Namworld What exchange would do that?
20:24 furuknap Nobody, but my friends would buy a BTC from me an pay me in Norwegian kroner.
20:24 Namworld They can't track who traded the fiat and just add it back to an account? AML clusterfuck
20:24 ericmuyser banks work on IOU's. people give loans to eachother. ripple is real life, without the cash in hand
20:25 assbot [HAVELOCK] [VTX] 1 @ 0.4399 BTC [+]
20:25 furuknap I must be utterly stupid...
20:25 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.469 BTC [-]
20:25 Namworld Ripple can render fiat transfer easiers, by allowing fiat from Bank/Exchange X to be traded with someone else for fiat from Bank/Exchange Y. Then each can instantly deposit the IOU at that bank.
20:26 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.47 = 9.88 BTC [+]
20:26 furuknap So... I start with 1 BTC. What benefit will Ripple give me that I can't get form just having and using my BTC?
20:26 Namworld But that's a complete money laundering headache
20:26 Namworld Ripple is not a currency. It's not a type of money. It's a platform.
20:26 Namworld To trade various currencies
20:26 Namworld But Ripple itself doesn't hold any money
20:27 ericmuyser furuknap: it's an exchange and it works well to get people OUT of fiat. otherwise nothing?
20:27 Namworld Issuers issue IOUs on Ripple
20:27 Namworld People can trade IOUs from Issuer X for IOUs from other issuers
20:27 Namworld and then cash in those IOUs at the issuing bank/exchange/whatever
20:27 furuknap And you have to trust that issuer. I understand so far. I just don't understand what it gives me as a normal person, having X of currency Y, beyond the ability to change X of Y to Z of W.
20:28 Namworld Because transfering money from one exchange to another can be hard if you want to avoid fees for example.
20:28 furuknap And that's where it all falls apart for me...
20:28 Namworld Suppose you want for example to withdraw USD from Gox to get USD on BTC-e where BTC is cheaper.
20:29 furuknap Why would I want to transfer my money through an exchange? I just want to buy a cup of coffee or tip the stripper...
20:29 Namworld If both were issuing fiat IOUs on Ripple, people could theorically trade those on Ripple
20:29 Namworld Ripple is not made to make purchases
20:29 Namworld It's a platform to move money around
20:29 furuknap Hang on... Is this just an elaborate currency exchange? That's it?
20:30 assbot [HAVELOCK] [ASICM] 5 @ 0.02449999 = 0.1225 BTC [+]
20:30 Namworld Yes
20:30 Namworld A currency exchange which skips banks and other things
20:30 furuknap Holy fuck. And we're blowing ourselves over that? Why not just use BTC or LTC or whatever? Geez.
20:30 Namworld Cause people are retarded and use XRPs like a currency
20:31 Namworld When they're meant to be tokens to make the transactions
20:31 ericmuyser um
20:31 assbot [BTCTC] [S.DICE-PT] 1 @ 0.0032 BTC [+]
20:31 ericmuyser they're tokens yes
20:31 ericmuyser but I think it's in the grand design to use them as payment
20:31 ericmuyser and there's no reason you can't, it just hasn't been built yet
20:31 Namworld What I'm saying
20:32 furuknap So... One more question... If they are tokens, why does it matter that the founders premined and kept XX% themselves? It's like having a gazillion postage stamps that can be used only to send mail but with no other value?
20:32 Namworld wait what? It's in the grand design? Why would people make payments in XRPs?
20:32 ericmuyser it is built to make transactions, but it's currently only an exchange because no one has adopted it, in the same way no one has adopted litecoin - is litecoin a currency?
20:33 furuknap Litecoin has been adopted! I'm a Litecoin fanboi so don't speak badly of my second mistress.
20:33 Namworld XRPs are already being used as a currency, just like litecoins
20:33 ericmuyser Namworld: because at some point they expect people to have a wallet of xrp of course, the same as btc. but they could make payments from their ripple wallet using btc. either way, you're in ripple world
20:33 Namworld I guess XRP could be used as a default currency
20:33 ericmuyser currency for what? it's being converted as a currency on an exchange but not used in transactions
20:34 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.47 = 7.41 BTC [+]
20:34 Namworld Trade your USD IOUs from Bank of America for XRP, use XRP to buy fiat from some other bank. Redeem fiat at 2nd bank.
20:34 ericmuyser that doesn't make it a currency? it's an asset
20:34 assbot [MPEX] [S.MPOE] 11400 @ 0.00072783 = 8.2973 BTC [+]
20:34 furuknap Yeah, which is exactly what I'm trying to avoid by using BTC.
20:35 ericmuyser whatever you call it, it's not used in transactions directly but that is the plan
20:35 Namworld Could be used as a cement between various IOUs, since it might be hard to find a trader to trade your IOUs for another specific IOU
20:35 assbot [BTCTC] [ASICMINER-PT] 25 @ 2.47 = 61.75 BTC [+]
20:36 furuknap Well, I'm officially, completely, and utterly underwhelmed. Thanks for the explanations, guys.
20:36 Namworld But again, it's kind of absurd... because it skip every darn anti-money laundering stuff. What kind of institution would start issuing IOUs on Ripple they can't track, and let anyone cash them in?
20:36 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.02499 = 0.2249 BTC [+]
20:37 furuknap I think anyone who issues bearer bonds?
20:37 ericmuyser I heard they intend on allowing more strict IOU configuration but I have no source for that
20:37 ericmuyser but if they dont ya it's pretty crazy
20:38 furuknap But these IOUs are fungible, right?
20:39 ericmuyser furuknap: if an exchange or another person trusts you
20:39 ericmuyser i can go on there and say i have a million dollars or 100 baseball collectors cards, and you can say you trust i have them and what you value them at
20:40 mircea_popescu <Namworld> The issue is, Ripple is just plain stupid... << the more i learn about it the righter this seems
20:40 ericmuyser i would trust my friend has 100 bucks at any point to lend me, so i add him to my trust network
20:40 furuknap Sure, but if I get a $1000 IOU from BofA, I can sell $124 of that without having to get BofA to issue a $124 and a $876 IOU.
20:40 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024997 = 0.05 BTC [+]
20:40 ericmuyser i trust he has the fiat and when i make the exchange he will give it to me IRL
20:40 kakobrekla yeah like banks trusted that ppl will repay their house loans or smth
20:40 Namworld That's not really because it wouldn't be great to easily move fiat around. It's because fiat holders are AML regulated.
20:41 Namworld Plus replacing fiat for Bitcoin or any alternative seems better.
20:41 Namworld Then we can just send that around
20:41 Namworld Painlessly
20:42 mircea_popescu ericmuyser the unsurmontable problem is that ripple trust is blind
20:42 furuknap Exactly. So, for anyone other than currency traders and speculators, I can't really see any benefit to Ripple. It doesn't have value beyond the value of a stamp, it doesn't solve any problems that haven't already been solved, and it's just another headache for users when they want to just pay the damn bill at the restaurant.
20:42 mircea_popescu you trust me.
20:42 mircea_popescu you trust me to THE FUCK WHAT ?
20:42 ericmuyser mircea_popescu: i do not trust you at all.
20:42 mircea_popescu as far as ripple is concerned, you trust me, end of story.
20:42 mircea_popescu whether i make 100 or 100 bn dollars, you've trusted me already
20:43 mircea_popescu irl trust is always to something. i trust you to suck my cock, but not to bake me a pie.
20:43 mircea_popescu so no, ripple is not like real life in any sense.
20:43 chad6 any theories for the recent run-up in the price of N
20:44 chad6 Btc?
20:44 ericmuyser I would like to see approval requests/convos and whatever else. i trust a friend with 100 but i want to review what i'm trusting him with and for what, if it's a good reason etc.
20:44 mircea_popescu chad6 130ish isn't a runup rly
20:44 Namworld Actually you can trust each issuer for a different amount...
20:44 ericmuyser and i dont want my friend giving away my money to a friend in need
20:44 ericmuyser unless i justify it
20:44 mircea_popescu Namworld but can you enforce that much is how much they make ?
20:44 ericmuyser just like real life
20:44 mod6 chad6?
20:44 mircea_popescu the way it works now, he can make 100bn and just give you 10k of that
20:45 mircea_popescu you don't trusty him with 10k out ofg 100 bn. you trust him wioth 10k total.
20:45 ericmuyser mircea_popescu: you're talking about loans and interest?
20:45 mircea_popescu nope.
20:45 Namworld No, the trust level is just how much money they owe you you can tolerate... not the total they issue... sadly
20:45 ericmuyser who cares what he makes
20:45 ericmuyser you give him 10k, you get 10k back
20:45 mircea_popescu Namworld well it sinks the entire thing dunnit.
20:46 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.47 BTC [+]
20:46 mircea_popescu i mean, remember that guy issued like 10k btc of debt to dozens of people didn't know about weach other ?
20:46 mircea_popescu imsaguy was handling the (failed) wind-up a year ago
20:46 ericmuyser that does happen in real life
20:47 ericmuyser it's kind of irrelevant to the system
20:47 mircea_popescu ericmuyser i kind of suspect you're not quite qualified to discuss systems.
20:47 Namworld It depends... basically if you trust someone for let's say 1000 USD, you're saying you trust the person not to abuse the issuing IOU feature AND you're willing to risk up to 1000 USD on your belief, as such if the issuer is abusive, you can lose no more than 1000 USD.
20:47 ericmuyser Namworld: exactly
20:48 Namworld The problem is no one else recognize these IOUs unless they also trust the same guy.
20:48 Namworld Effectively, only large entity will work at all as issuers
20:48 assbot [BTCTC] [BASIC-MINING] 3 @ 0.55 = 1.65 BTC [-]
20:48 mircea_popescu but! you are in effect saying you will take X of this person's issuance with no backing.
20:49 ericmuyser or they trust someone who trusts that guy
20:49 assbot [BTCTC] [TAT.ASICMINER] 11 @ 0.024997 = 0.275 BTC [+]
20:49 ericmuyser then that person they trust is the one taking the loan with the other guy
20:49 ericmuyser it sucks
20:49 Namworld You're saying you trust the issuer to not issue more than what they can back, and that you'd be willing to bet up to X on that.
20:49 mircea_popescu right. and you get nothing for this
20:50 Namworld Not that there's no backing... obviously if you're willing to accept X IOUs, it assumes you're also trusting that the issue has backings
20:50 mircea_popescu you're basically providing liquidity, the only sane way this works is if you get a % fee for each guy you trust
20:50 ericmuyser lol you really need to bake fees into it eh
20:50 mircea_popescu if i accept your stuff for 10k btc i expect you to pay me whatever, 2k.
20:50 mircea_popescu ericmuyser yes.
20:51 Namworld Who gets nothing for this?
20:51 dub the credit issuer gets a cut right?
20:52 Namworld credit issuer gets nothing. Unless they charge a fee for creating these IOUs
20:52 Namworld and giving them to you to go trade around
20:52 dub I thought ripple just replaces physical credit cards
20:52 assbot [BTCTC] [ASICMINER-PT] 6 @ 2.47 = 14.82 BTC [+]
20:52 mircea_popescu basically there's a reason retards were trusting each other randomly
20:52 mircea_popescu that reason is that you need to get paid. nobody this stupid has any money
20:52 mircea_popescu and so they pay each other wioth their own acceptance
20:52 dub you still rely on at least two 'centralised' parties to transact with anotehr person
20:52 mircea_popescu you trust me for 10k i trust you for 10k nonsense
20:52 Namworld I tried Ripple with the 40k XRP I received for free in one of those giveaways.
20:53 Namworld What I basically did is, trust BitStamp as an issuer for BTC
20:53 Namworld Sell XRP for BitStamp BTC IOUs
20:53 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.4778 = 9.9112 BTC [+]
20:53 Namworld Send BitStamp their IOUs
20:53 dub thats not trusting ripple
20:53 dub thats speculating with xrps
20:53 Namworld and BitStamp gave me my BTC which I withdrawn
20:53 dub you didnt transact over ripple
20:53 Namworld I said trusting BitStamp for IOUs
20:54 Namworld Not Ripples
20:54 Namworld Normally, I could have traded these IOUs for another issuer's IOUs
20:54 dub no you traded some 'IOUs' for btc
20:54 dub you didnt use ripple at all
20:54 ericmuyser dub: Ripple *is* IOUs
20:54 dub yeah I know
20:54 Namworld I used ripple at the XRP for BTC step
20:55 assbot [HAVELOCK] [ASICM] 4 @ 0.02449999 = 0.098 BTC [+]
20:55 ericmuyser and BitStamp is a single node many people trust to exchange on their behalf, and not die
20:55 Namworld WHich is a trade between two users
20:55 ericmuyser I am a node that no one trusts
20:55 Namworld Just as much as exchange an IOU for another IOU
20:55 dub well not really
20:55 ericmuyser except for BitStamp IOUs and XRP (baked in)
20:55 dub you got btcs because people are stupid and dont understand ripple
20:56 dub you didnt participate in ripple beyond that
20:56 Namworld yeah... but XRP for BTC IOUs trade works the same way as IOU X for IOU Y trade.
20:56 Namworld I effectievly tried the trading system
20:56 Namworld That XRPs are overvalued is not my problem, and if users want to buy them...
20:57 mircea_popescu the worse part is that not only have they no way to specify da fuck exactly you trust,
20:57 dub you tried the trading system in the same way that selling credit cards is using the credit system
20:57 dub which is, not really at all
20:57 mircea_popescu they tokenize this trust. so basically... instead of having properly identified units you just have one "ripple"
20:57 mircea_popescu which is thus useless
20:58 Namworld The "credit cards" appear in the system and are traded the same way as IOUs...
20:58 mircea_popescu same disaster of commons spiral of death as the price for used cars.
20:58 mircea_popescu Arthur Britto, Stefan Thomas, and David Schwartz are major contributors to Ripple's development, and all played an active role in Bitcoin's early successes.
20:58 dub Namworld: so sure, you can buy and sell stolen credit cards right now, its not really using credit cards though
20:58 mircea_popescu who the fuck are these people anyway ?
20:58 mircea_popescu minus thomas, who i recall as a cheeky asshole.
20:59 Namworld I'm saying I effectively used the trading system.
20:59 dub moneypaks is probably better than CC's for this example
20:59 Namworld Not that I sent money in a transaction
21:00 Namworld I used the intercurrency/IOUs trading orderbooks
21:00 Namworld Of course I could also have sent IOUs or XRPs as a payment transaction
21:00 dub I don't think thats what the system is intended for
21:00 mircea_popescu "Even Roger Ver, a.k.a. "Bitcoin Jesus" has to pay his supply chain to keep the Bitcoin Store running, so he can't use Bitcoins either. Roger Ver doesn't accept Bitcoin, he accepts US dollars from BitPay. If even Bitcoin Jesus isn't interested in Bitcoins themselves, then why not let customers use their local currencies from the get-go and take out the Bitcoin middleman?"
21:00 mircea_popescu that's what the system is intended for lmao
21:00 dub well, not publicly :)
21:00 Namworld Which is technically what I did when I sent BitStamp's their IOUs back. It's sending a payment through the send money feature.
21:01 mircea_popescu complete "i fucking don't understand what bitcoin is so here's a cat with a pancake on its head. just as good"
21:01 Namworld Instead of a good being purchased tho, I got funds redeemed, actual BTCs
21:01 Namworld Ripple is a multicurrency trading platform.
21:01 dub its 'sold' as a way to transfer value between two parties, not transfer value to holders of XRPs
21:02 mircea_popescu lol
21:02 Namworld I know that... doesn't change the fact I used all the damn system and it works the same way...
21:03 Namworld Not my fault if people give so much value to XRPs
21:03 dub its just convenient that its turned into a system to transfer a lot of BTC to its creators
21:03 dub Namworld: agreed, you didnt use ripple though
21:03 mircea_popescu dub ideally people stupid enough to put btc in get releived of the btc
21:03 mircea_popescu it's a burden
21:04 assbot [HAVELOCK] [ASICM] 3 @ 0.02449999 = 0.0735 BTC [+]
21:04 Namworld Why do you insist on the fact I didn't use Ripple, I fuckin damn well used it, trading on the orderbook and sending money.
21:04 mircea_popescu Namworld you're uysing a literal definition, he's using a more metaphorical one
21:04 mircea_popescu so you can continue this debate forever. it's cute.
21:05 dub Namworld: you didnt send money, you traded your ability to send money for some btcs
21:05 Namworld If people valuate XRPs it becomes a currency traded on the system just as much. Technically, XRPs are designed to trade exactly the same as any other issued currency on the system.
21:05 Namworld Also, I sent money when I sent the BTC IOUs in a send money transaction
21:06 Namworld Except instead of paying someone, I send the payment to the issuer which gave me BTC for the IOUs
21:07 dub anyway I think we can agree ripple is retarded
21:07 Namworld The dumbest thing I've seen in a while.
21:07 dub it might have some merit but its been misused and broken
21:07 Namworld I posted on the thread for my free XRP, didn't understand the system, left my XRP there
21:08 Namworld suddenly, people started buying XRPs for a fuckton of BTC
21:08 Namworld I took the time to figure out the system and use it.
21:09 Namworld Not my fault if XRPs is designed to be a currency like any other IOUs, on top of serving as tokens for transactions.
21:09 mircea_popescu dub i don't see the merit. what is it ?
21:09 assbot [MPEX] [S.MPOE] 2050 @ 0.00072687 = 1.4901 BTC [-]
21:09 Namworld They should just not have allowed trading them and charge like 1 cent per XRP, and use 1 per transaction.
21:09 mircea_popescu i mean, other than getting retards priced out of BTC some playground where they can pretend like they'll matter later.
21:09 Namworld Low cost transactions, they get financed.
21:10 Namworld Well anyway... I got 5 BTC for 40k XRPs... 600 bucks for nothing...
21:10 Namworld except ~1 hour to use the Ripple orderbook to trade XRPs for IOUs and sign up and cashout on BitStamp
21:11 mircea_popescu Namworld not a bad price to push a scam
21:11 mircea_popescu pirate was giving out steaks to suckers.
21:11 Namworld oh, plus making a post when I saw the Ripple thread
21:11 Namworld I'd do it again anytime. 600 USD/hour is decent.
21:12 dub mircea_popescu: I don't really see it in the current system but I'm not ruling out the utility of a !btc transaction system of some form
21:12 mircea_popescu a ok in that sense. yes.
21:12 mircea_popescu very theoretical and not particularly related to ripple.
21:12 dub yes
21:14 mircea_popescu anyway. unless i'm missing something fudnamental (which gets less and less likely as time goes by), ripple is the down syndrome suffering child of some people who really really wanted to matter
21:14 mircea_popescu but didn't know how.
21:15 dub at some point you realise that prolific masturbation doesnt pay the bills
21:15 mircea_popescu i have my doubts this will pay much in the way of bills
21:16 mircea_popescu my bet is that Namworld's 5 btc is coming from the naive investors trying to push it
21:16 mircea_popescu rather than the peanut gallery they're trying to get.
21:17 mircea_popescu and i guess this all calls for a write-up
21:18 kakobrekla could be just one of those scams that doesnt fail.
21:20 mircea_popescu doesn't fail to amuse ?
21:20 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.024996 = 0.125 BTC [-]
21:20 kakobrekla paypal is a scam and half of the world uses it
21:21 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024997 = 0.075 BTC [+]
21:21 kakobrekla its a side-scam
21:24 dub meta-scam
21:24 assbot [BTCTC] [ASICMINER-PT] 11 @ 2.4778 = 27.2558 BTC [+]
21:25 kakobrekla theres plenty of those that work
21:32 assbot [HAVELOCK] [ASICM] 17 @ 0.02449999 = 0.4165 BTC [+]
21:33 assbot [HAVELOCK] [HIM] 1 @ 2.650001 BTC [+]
21:37 assbot [BTCTC] [S.DICE-PT] 4 @ 0.0032 = 0.0128 BTC [+]
21:37 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024597 BTC [-]
21:38 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024596 = 0.0492 BTC [-]
21:42 mircea_popescu: what was I handling a year ago?
21:42 mircea_popescu who was the guy with the debt ?
21:42 mircea_popescu s something
21:42 what debt?
21:42 mircea_popescu shakuru
21:42 oh, right
21:43 mircea_popescu something
21:43 I was just keeping track of who was owed what
21:43 mircea_popescu well yes.
21:43 and paying out as funds were made available
21:43 I wasn't a partner or anything
21:43 mircea_popescu the wind-up
21:43 mircea_popescu like a community appointed liquidator or w/e
21:43 all maybe 40 btc of it
21:43 owed like 1k or something
21:43 mircea_popescu i thought it was way over that
21:43 mircea_popescu but most never bothered claiming
21:43 I forget now
21:44 mircea_popescu anyway.
21:44 shakaru was the name, you had that right
21:44 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024997 = 0.075 BTC [+]
21:46 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.4839 BTC [+]
21:47 assbot [BTCTC] [ASICMINER-PT] 4 @ 2.483997 = 9.936 BTC [+]
21:50 assbot [BTCTC] [TAT.ASICMINER] 7 @ 0.024997 = 0.175 BTC [+]
21:54 mircea_popescu http://polimedia.us/trilema/2013/ripple-the-definitive-discussion/
21:54 mircea_popescu there, if anyone cares
21:55 mircea_popescu [\\\] finally came to me when i saw your dasehs. magic.
22:01 aknap3 thought there was something about ripple trust being transitive, so if you trust someone, you are also trusting their judgment of others, but maybe I misunderstood it
22:02 assbot [BTCTC] [BTC-BOND] 20 @ 0.0101 = 0.202 BTC [-]
22:03 assbot [HAVELOCK] [SDICE] 1 @ 0.2449 BTC [-]
22:03 aknap3 guess that's pretty much your defect #3
22:04 mircea_popescu sorta
22:04 mircea_popescu it's worse tho, in as you can probably traverse up the tree
22:05 mircea_popescu (start with 100 scam bux, trade for 100 cvasi-scam bux, trade these for 100 not reallt scam bux, cash out 100 bux)
22:05 mircea_popescu tradefortress pretty much proved this is damned easy
22:05 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.024997 = 0.125 BTC [+]
22:07 mircea_popescu pigeons you want to give that a read say if i've fucked up anything ?
22:08 assbot [BTCTC] [TAT.ASICMINER] 5 @ 0.024998 = 0.125 BTC [+]
22:10 you trust pigeons?
22:10 sounds like you should give him some ripples
22:11 mircea_popescu [\\\] he's the only person afaik who seriously looked at the thing
22:12 mircea_popescu besides, he doesn't like me, so.
22:13 Namworld To be fair on point #2, the issuer doesn't get anything either out of the issued IOUs. It's not like it requires you to lend them money. It's more like "pay to the bearer X silver/gold coins" IOUs, like early banks did, before state money.
22:14 assbot [BTCTC] [TAT.ASICMINER] 3 @ 0.024997 = 0.075 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02456 = 0.0491 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.02455 = 0.0491 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 9 @ 0.02455 = 0.221 BTC [-]
22:14 Namworld Where those paper IOUs are practical to go trade around without the need to burden yourself with carrying money all around
22:14 assbot [BTCTC] [TAT.ASICMINER] 28 @ 0.0245 = 0.686 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.0245 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 46 @ 0.0245 = 1.127 BTC [-]
22:14 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024145 BTC [-]
22:15 assbot [HAVELOCK] [ASICM] 1 @ 0.0252 BTC [+]
22:15 mircea_popescu what do you mean doesn't get anything ?
22:15 mircea_popescu the fact that his debt is accepted is exactly giving him money.
22:17 Namworld Those IOUs are no different than the balance at the exchange, which if it is showing 200 BTC, it means they owe you 200 BTC. They don't pay interest either on that balance. Same for Ripple IOUs.
22:18 mircea_popescu as far as i know, if your bank is showing 200 dollars in your account
22:18 mircea_popescu that bank is paying interest on the 200
22:19 Namworld The same apply for both thing, and often the trusted issuers are an exchange (at least for now)
22:19 Namworld The difference is you expect the bank to invest your money round and make money on that.
22:19 mircea_popescu i don't care lol.
22:19 mircea_popescu as long as i take debt, ANY debt, i expect a %
22:19 mircea_popescu otherwise no deal.
22:20 assbot [BTCTC] [TAT.ASICMINER] 4 @ 0.024998 = 0.1 BTC [+]
22:20 dub presumably the entry/exit points to the network charge for the service?
22:20 Namworld So you wouldn't deposit money in MtGox because they don't pay interest on your balance?
22:20 mircea_popescu Namworld i wouldn't deposit money in mtgox because the mtgox risk requires a premium
22:21 mircea_popescu if they credited my acct with ~300 bux for every 100 deposited i'd consider it.
22:21 mircea_popescu but as it is... never have, never will.
22:21 Namworld Well it's pretty much the same. Bitstamp is an issuer on Ripple. You either have a number on BitStamp or on Ripple of have X of currency Y owed to you by them.
22:22 Namworld So typically people wouldn't expect interest.
22:22 mircea_popescu but! when i accept this, i undertake someone's CP risk
22:22 mircea_popescu this has to be paid for.
22:22 mircea_popescu you can't pass along cp risk w/o fees ?!
22:23 mircea_popescu to rephrase : do you have an inkling of an idea what the 2008 meltdown would have looked like if indeed repo was free ?
22:23 assbot [BTCTC] [BASIC-MINING] 3 @ 0.5505 = 1.6515 BTC [+]
22:24 Namworld Well history shows people are trusting 3rd parties with their funds all the time, expecting nothing in return.
22:24 Namworld Other than being able to request their funds back
22:24 mircea_popescu "people".
22:24 "idiots"
22:24 mircea_popescu the developers stupidly assume this happens because never before have there been on the face of the earth genius developers to make a ripple.
22:25 bdk_kluge They expect gains in terms of service. In the US, interest-bearing demand accounts are practically dead. They pay out in service, usually ~1.5-3% of deposits on overhead.
22:25 mircea_popescu the real reason however is that the system doesn't work
22:25 dub Namworld: example?
22:25 mircea_popescu and will be raped in the mouth just as soon as someone cares to.
22:26 Namworld dub, pretty much every exchange. They won't give you anything for entrusting them your funds
22:26 dub they give you access to a market for one
22:26 Namworld Plus they'll even charge you when you do stuff with your funds on their system
22:26 mircea_popescu anyway, moral of the story here being, "don't start revolutionary financial shit without an actual financial mind available to suckle on the cock of"
22:26 Namworld Well yeah... access to market is the only thing that is given in exchange
22:27 dub its kinda of an important service
22:27 dub its not like you would be handing them money without the intent to use the market
22:27 cole_albon mirce_popescu what do you mean by " system doesn't work"
22:27 Namworld As for #3, I think you got your facts wrong...
22:27 bdk_kluge Though... they charge for that.
22:27 mircea_popescu depends dub, mtgox ?
22:28 mircea_popescu cole_albon i think you hafta read the scrollback.
22:28 mircea_popescu Namworld aha ?
22:28 Namworld I might be mistaken... but I didn't notice any such chain trust effect
22:28 there's a reason why its called ripple
22:28 it implies a chain
22:29 cole_albon the scam bux switcharoo thing?
22:29 mircea_popescu Namworld what do you mean ?!
22:29 mircea_popescu you can't trade your ripples ?
22:30 Namworld One BTC issued by Weexchange.co is different from 1 BTC issued by BitStamp. If you have 1 BTC issued by BitStamp, you can't trade it for someone wanting a Weexchange.co BTC
22:30 mircea_popescu cole_albon no, i meant the naive stone age "free rate repo" system
22:30 mircea_popescu Namworld so then what's a ripple ?
22:30 Namworld Well I didn't notice any kind of mixing...
22:30 Namworld Maybe if I had a more complex trust network...
22:31 mircea_popescu but!
22:31 mircea_popescu how did the tradefortress guy manage to cause all that havoc
22:31 http://l.yimg.com/os/publish-images/lifestyles/2013-05-24/925ca8be-299c-4c0e-8375-5d6c97916bce_630_plussize_swim.jpg
22:32 Namworld He shows that he can have a 1 billion BTC balance by issuing it.
22:32 mircea_popescu but he also traded it
22:32 dub my eyes
22:32 Namworld But no one will accept it if they don't trust tradefortress as an issuer
22:32 mircea_popescu so ?
22:34 Namworld So people must be careful about the issuers they trust? If you decide to trust some random guy for 10000 BTC and take his BTC... of course Ripple will show you have 10000 BTC, but try to trade those with anyone and no one takes them.
22:35 dub right
22:35 mircea_popescu listen, the way i find out what the president of the republic ate
22:35 assbot [MPEX] [S.MPOE] 1620 @ 0.00072783 = 1.1791 BTC [+]
22:35 assbot [MPEX] [S.MPOE] 19500 @ 0.00072784 = 14.1929 BTC [+]
22:35 mircea_popescu is that his cook knows, and the cook fucks this girl on the side who's owned by this guy who owes me a carrot.
22:35 assbot [MPEX] [S.MPOE] 11580 @ 0.00072845 = 8.4355 BTC [+]
22:35 mircea_popescu this is how things work. social graphs degrade towards the edge
22:36 assbot [BTCTC] [BITVPS] 15 @ 0.000857 = 0.0129 BTC [-]
22:36 dub this is another one of those Namworld conversations where we wax on for hours about how when one looks up they find the sky and shockingly upon looking down observe the ground
22:36 mircea_popescu lol
22:37 Namworld That's not how I understand and witnessed Ripple to work.
22:37 mircea_popescu so listen. you got what, 40k ripples. where from ?
22:37 Namworld It works exactly as in this graph, as far as I witnessed: https://ripple.com/wp-content/uploads/2012/12/how32.png
22:38 assbot [BTCTC] [GSDPT] 4 @ 0.00256 = 0.0102 BTC [+]
22:38 Namworld From the giveaway thread, as I said.
22:38 mircea_popescu from whom ?
22:38 assbot [BTCTC] [S.MPOE-PT] 4 @ 0.000658 = 0.0026 BTC [-]
22:38 mircea_popescu a ripple user X shall we say ?
22:38 dub from the ripple teat
22:39 Namworld From Ripple I guess
22:39 assbot [BTCTC] [B.YABMC] 3 @ 0.0151 = 0.0453 BTC [-]
22:39 mircea_popescu mkay.
22:39 Namworld Or any sub party assigned with the task of distributing the ripples around
22:39 mircea_popescu and then you took out 5 btc
22:39 mircea_popescu were these 5 btc put in by the user you got your ripples from /
22:40 Namworld I trusted Bitstamp as an issuer. Then traded these XRPs for BitStamp issued BTC IOUs
22:40 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024146 = 0.0483 BTC [-]
22:40 mircea_popescu foprget that.
22:40 mircea_popescu user X gave you 40k ripple.
22:40 mircea_popescu user Y deposited 5 btc
22:40 Namworld Aye
22:40 mircea_popescu you got Y's 5 btc in exchange for X's 40k ripple
22:40 Namworld yeah
22:40 mircea_popescu thus there fore wtf you on about. it's exactly how you witnessed it to work
22:41 Namworld But it doesn't work like you said in #3
22:41 mircea_popescu ...
22:41 Namworld You can't randomly end up with USD issued by your boss's little girl
22:41 mircea_popescu you took Y's lunch in exchange for X's scribbled paper.
22:41 mircea_popescu Y doesn't know who the fuck you are.
22:41 mircea_popescu all he knows is he had 5 btc
22:41 mircea_popescu and where are they.
22:42 Namworld XRP is exclusively issued by Ripple
22:42 mircea_popescu ...
22:42 Namworld So X's scribbled paper is Ripple
22:42 mircea_popescu dude. where are y's 5 btc
22:42 Namworld In my wallet
22:42 mircea_popescu you don't even know who the fuck y is you have his btc
22:43 mircea_popescu so then how exactly is this diff from the guy in the cab.
22:43 Namworld Yeah
22:43 mircea_popescu "somebody" has his 5 btyc
22:43 Namworld In #3 the guy in the cab realizes suddenly he's holding valueless USD issued by a little girl
22:44 Namworld Which is impossible if he never directly trusted said person as an issuer
22:45 mircea_popescu but he trusted his boss
22:45 Namworld He didn't trust the little girl
22:46 mircea_popescu tghe boss did.
22:46 Namworld There's no chain
22:46 mircea_popescu ...
22:46 Namworld Issuer's X BTC is not mixable with Issuer's Y BTC
22:46 mircea_popescu if you were able to take out y's 5 btc in exchange for x's 40k ripples
22:46 mircea_popescu it stands to reason so could the little girl.
22:47 mircea_popescu so, little girl takes out 5 btc for her dad's 40k ripples.
22:47 mircea_popescu dad takes 5 btc out of you for 40k ripples
22:47 mircea_popescu you end up with 40k ripples. no 5 btc.
22:47 assbot [BTCTC] [ASICMINER-PT] 2 @ 2.483996 = 4.968 BTC [-]
22:48 Namworld That's not how it work... the only way the little girl can take the 5 BTC is if she traded something for it.
22:48 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.483997 = 7.452 BTC [+]
22:49 dub I think you're talking about different things, Namworld is still talking about some idiot paying 5btc for his ripples while mircea_popescu is talking about how ripple works
22:49 Namworld Either she's holding IOUs accepted by someone else (like Bank of America USD or whatever) and someone wants those IOUs in exchange of the BTC, or someone must trust her directly to issue IOUs
22:50 assbot [BTCTC] [TAT.ASICMINER] 2 @ 0.024994 = 0.05 BTC [+]
22:50 dub Namworld didnt extract 5btc from ripple, he extracted 5btc from the idiot via bitstamp
22:50 Namworld Exactly...
22:51 Namworld User uses BitStamp as a gateway. He gives bitstamp 5 BTC, which then gives that person a 5 BTC IOU issued by BitStamp.
22:51 dub no
22:51 Namworld ?
22:51 dub idiot gives 5btc to YOU, you give him 40k xrp
22:51 dub ripple had nothing to do with it
22:51 dub bitstamp matched the trades
22:52 assbot [BTCTC] [TAT.ASICMINER] 1 @ 0.024995 BTC [+]
22:52 Namworld That's what I'm saying, for fuck sake, when did I included ripple in all this?
22:52 dub you were just talking about gateways and IOUs in the last sentance
22:52 assbot [BTCTC] [TAT.ASICMINER] 25 @ 0.024996 = 0.6249 BTC [+]
22:53 dub that is ripplespeak
22:53 Namworld Mr. Idiot gives BitStamp 5 BTC. BitStamp gives the user a 5 BTC on Ripple, issued by BitStamp.
22:53 Namworld I decide to trust BitStamp's IOUs
22:53 dub no you didnt
22:53 jborkl ripple did not create any value, or take any effort to create.therefore in a proof of work/effort concept of monetary supply is worthless
22:53 dub you withdrew in BTC
22:53 Namworld Then I proceed to check the XRP to BitStamp BTC orderbook
22:54 Namworld I see someone is offering 5 BTC BitStamp IOU for 40k XRP
22:54 Namworld I decide to fill the order
22:54 Namworld Ripple executes the trade, I get the guy's IOUs, he gets my XRP
22:54 mircea_popescu Namworld well ok, so then you are copiously unqualified to discuss how ripple works lol
22:54 mircea_popescu your experience is limited to how bitstamp works
22:54 Namworld I then send BitStamp IOUs to BitStamp, including my BitStamp account # in some field
22:55 Namworld Wheres BitStamp redeems their own IOUs
22:55 jborkl why i dont want your IOU for a cheeseburger, thanks anyway
22:55 Namworld How is it limited to how BitStamp works?
22:56 jborkl and ripples are destroyed in each transaction
22:56 jborkl going into a void
22:56 jborkl that defies the laws of physics
22:56 kakobrekla afaik they go to the authors
22:56 Namworld [22:53] <Namworld> I decide to trust BitStamp's IOUs
22:56 Namworld [22:53] <dub> no you didnt
22:56 Namworld [22:53] <dub> you withdrew in BTC
22:57 Namworld What is this nonsense?
22:57 Namworld I can't get BitStamp's IOUs or withdraw anything without trusting BitStamp IOUs
22:57 jborkl I read on their website they just go poof
22:57 jborkl annd do not go anywher
22:57 jborkl e
22:58 assbot [HAVELOCK] [ASICM] 129 @ 0.0252 = 3.2508 BTC [+]
22:58 kakobrekla thats strange
22:59 cole_albon my favorite description of ripple as a system of tubes: https://bitcointalk.org/index.php?topic=176077.msg1869022#msg1869022
22:59 jborkl conservation of matter mass ftw
22:59 jborkl mass i mean
23:00 dub I think that scene from Dumb and Dumber explains ripple best
23:01 cole_albon … and bitcoin, and usd.
23:02 jborkl the one where he is pissing on his cause it is on fire?
23:02 dub http://www.youtube.com/watch?v=7GSXbgfKFWg
23:02 jborkl leg
23:02 dub jborkl: well, yeah the whole movie is pretty much it
23:02 jborkl lol, or selling the dead parrot to the blind kid?
23:04 assbot [BTCTC] [ASICMINER-PT] 3 @ 2.46 = 7.38 BTC [-]
23:05 assbot [HAVELOCK] [ASICM] 317 @ 0.025212 = 7.9922 BTC [+]
23:07 Namworld Guess I'll have to go back to Ripple and mess around, testing
23:12 assbot [HAVELOCK] [ASICM] 50 @ 0.02501 = 1.2505 BTC [-]
23:15 assbot [HAVELOCK] [ASICM] 1 @ 0.02450003 BTC [-]
23:15 Namworld Ok, so I have purchased 0.01 BTC from Weexchange BTC orderbook and 0.01 BTC from Bitstamp BTC orderbook. I had 0.02 BTC in my account in balance summary. I then proceeded to place a 1 BTC sale order on the Weexchange BTC orderbook.
23:15 Namworld Only 0.01 BTC shows up on the orderbook, regardless of the account holding 0.02 BTC and the order being for 1 BTC
23:15 Namworld Because I only have 0.01 fucking Weexchange BTC
23:16 assbot [HAVELOCK] [ASICM] 26 @ 0.0242 = 0.6292 BTC [-]
23:16 assbot [HAVELOCK] [ASICM] 25 @ 0.0241 = 0.6025 BTC [-]
23:16 Namworld and 0.01 Bitstamp BTC
23:16 Namworld The various issuers' fund are not mixable...
23:22 assbot [HAVELOCK] [SDICE] 5 @ 0.2439 = 1.2195 BTC [-]
23:22 Namworld and although my balance shows 0.02 BTC, if I go on trust tab...
23:23 Namworld http://i.imgur.com/fDINCKF.png
23:23 Namworld I have an indication of how much I hold of which issuers
23:23 Namworld Each issuer's IOUs are currencies of their own...
23:23 Namworld As far as Ripple is concerned...
23:23 Namworld AAANNNDD mircea is gone
23:23 ThickAsThieves weex ripple is borked atm
23:23 ThickAsThieves im pretty sure
23:24 Namworld How so?
23:24 ThickAsThieves weex is getting overhauled soon
23:24 Namworld ?
23:24 ThickAsThieves i dunno what aspect is borked but ive seen him discussing
23:25 Namworld Oh
23:25 Namworld Well that's somewhat irrelevant
23:25 Namworld It was just to show an issuer's currency is not mixable with someone's else
23:25 ThickAsThieves just like ripple!
23:25 Namworld Yeah, I guess
23:28 cole_albon I think the speed of ripple transactions makes it superior to bitcoin as a payment system.
23:29 assbot [MPEX] [S.MPOE] 8220 @ 0.00072845 = 5.9879 BTC [+]
23:29 assbot [MPEX] [S.MPOE] 22650 @ 0.00073088 = 16.5544 BTC [+]
23:40 assbot [BTCTC] [ASICMINER-PT] 1 @ 2.483997 BTC [+]
23:40 Namworld But it's centralized as of now...
23:41 assbot [BTCTC] [S.DICE-PT] 5 @ 0.0032 = 0.016 BTC [+]
23:53 cole_albon this warmed my heart: https://angel.co/mpex/embed?desktop=1
23:54 ThickAsThieves omg I spy an MPEX logo!
23:55 dub Namworld: where was that refuted?
23:55 dub Namworld: its obviously not acutally transfering btc, its just a distributed credit ledger
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