Lolvacute, pentru posteritate

Sunday, 02 September, Year 4 d.Tr. | Author: Mircea Popescu

1:53:49 Diablo-D3: http://bit.ly/UjG8nD
1:54:12 mircea_popescu: Happy Dividend Day!
1:54:12 mircea_popescu: Shares sold to date: 20909
1:54:12 mircea_popescu: Dividends paid out today: 0.0 BTC
1:54:14 mircea_popescu: what a gyp.

1:54:21 [GLBSE] [JTME] 1 @ 0.944 BTC [-]
1:54:23 [GLBSE] [JTME] 4 @ 0.9448 = 3.7792 BTC [+]
1:54:44 [GLBSE] [GSDPT] 33 @ 0.0033996 = 0.1122 BTC [-]
1:55:38 Diablo-D3: mircea_popescu: how so?
1:55:44 Diablo-D3: you cant be angry, the motion was passed.
1:56:26 mircea_popescu: im not angry or invested, im just saying it sounds... like a nazi work camp

1:56:51 Diablo-D3: a lot of people wish to see DMC succeed
1:57:02 Diablo-D3: this will work greatly towards that goal
1:57:43 BTC-Mining: What the hell...
1:58:25 BTC-Mining: One day you're trading 1 ASICMINER for 10 DMC, 2 weeks later you're asking for 10 ASICMINER for 3 DMC?
1:58:37 Diablo-D3: new month, BTC-Mining
1:58:56 BTC-Mining: yeah, but those trades rates are completly arbitrary
1:59:04 smickles: : lol, A:"it sounds like a death camp" B:"that's the goal we're working towards"
1:59:04 Diablo-D3: they're set by market factors.
1:59:25 Diablo-D3: smickles: yes, we're killing the competition
1:59:44 smickles: : 3J
1:59:44 mircea_popescu: lol "market factors"
1:59:49 mircea_popescu: what market factors, comrade ?

1:59:50 Diablo-D3: and besides, my father died at a concentration camp
1:59:54 mircea_popescu: your politbureau ?

1:59:55 Diablo-D3: er grandfather
2:00:10 Diablo-D3: (and I assume everyone here knows the punchline to this joke)
2:00:27 smickles: : heh, prolly
2:00:43 Diablo-D3: "I'm sorry to hear that!" "yeah, he fell out of a guard tower"
2:00:53 mircea_popescu: getting back to the market forces.

2:00:54 smickles: : although, you could put a spin on it
2:01:10 smickles: : died of untreated vd caught from raping some of the women
2:01:41 Diablo-D3: this is the winter of our discount tent.
2:01:47 mircea_popescu: vd doesn't kill smickles

2:01:56 Diablo-D3: mircea_popescu: say that to al capone
2:02:03 smickles: : syph can end in death, can't it mircea_popescu ?
2:02:05 mircea_popescu: is the us govt vd now ?
2:02:08 mircea_popescu: i can see that point.
2:02:18 mircea_popescu: smickles in that sense a bunion can end in death, takes so damn long...
2:02:28 mircea_popescu: but syphillis usually causes dementia, not death.

2:02:30 smickles: : it was a lot of rape
2:02:33 mircea_popescu: in...35 years.

2:02:33 Diablo-D3: al capone died in prison from an untreated std
2:02:38 Diablo-D3: after being arrested for tax fraud.
2:02:54 mircea_popescu: Diablo-D3 yes, because life in prison is representative.

2:03:48 Diablo-D3: as far as unprotected sex goes, isnt it?
2:04:08 BTC-Mining: Diablo, the thing with your trading chart is, it doesn't make sense... one day you trade them for far less then their current worth, shares go down in value. The next, you ask for like 20-100x their current value to trade... what the fuck.
2:04:20 mircea_popescu: new month, BTC-Mining

2:04:20 Diablo-D3: BTC-Mining: today is the first.
2:04:37 Diablo-D3: unless an emergency update happens, it changes on the first
2:04:47 mircea_popescu: o i see, emergency update.

2:04:50 BTC-Mining: In what does the fact it's a new month justify those rates?
2:04:55 mircea_popescu: i think Diablo-D3 is basically cosmo kramer.

2:04:56 smickles: : +-0\]
2:05:04 BTC-Mining: At those trading rates, ain't worth trading any shares
2:05:05 Diablo-D3: BTC-Mining: er, seriously? today is dmc dividend day
2:05:25 mircea_popescu: Diablo-D3 you know you have to offer both bid and ask to be a market maker.
2:05:35 mircea_popescu: at what rate of dmc shares will you give me an asicminer share ?

2:05:36 BTC-Mining: YES, IT IS, I UNDERSTAND THAT!
2:05:49 Diablo-D3: BTC-Mining: so whats the issue?
2:05:55 BTC-Mining: I want to know HOW you get those TRADING RATES
2:06:01 BTC-Mining: not why you changed them today
2:06:01 Diablo-D3: I value DMC shares independently of the market.
2:06:14 mircea_popescu: Diablo-D3 right. so how many dmc shares i need to give you to get an asicminer share ?

2:06:27 Diablo-D3: mircea_popescu: you want to buy asicminer from me?
2:06:29 mircea_popescu: yes.

2:06:40 smickles: : earsex
2:06:42 BTC-Mining: But how do you value them. How do you calculate their current "worth"
2:06:42 mircea_popescu: i want to return your useless paper in exchange for something else. how many of your shares do i need ?

2:06:51 Diablo-D3: mircea_popescu: twice the reverse of the ratio on the chart.
2:06:58 mircea_popescu: twice the who ?
2:07:08 * mircea_popescu breaks down and looks at that thing
2:07:21 smickles: :
2:07:23 Diablo-D3: the chart currently reads 10 asicminer for 3 dmc. You'd have to give me 6 dmc to get 10 asicminer.
2:07:48 [GLBSE] [DMC] 50 @ 0.06799 = 3.3995 BTC [+]
2:07:50 [GLBSE] [DMC] 245 @ 0.06799 = 16.6576 BTC [+]
2:07:50 [GLBSE] [DMC] 84 @ 0.06799999 = 5.712 BTC [+]
2:07:51 [GLBSE] [DMC] 4 @ 0.07 = 0.28 BTC [+]
2:07:53 [GLBSE] [DMC] 2 @ 0.074 = 0.148 BTC [+]
2:07:54 [GLBSE] [DMC] 100 @ 0.07998999 = 7.999 BTC [+]
2:07:55 [GLBSE] [DMC] 5 @ 0.085 = 0.425 BTC [+]
2:07:56 mircea_popescu: 10 for 3. so you give me 10 asicminer for 6 dmc ?

2:07:57 Obsi: haha
2:08:00 smickles: : lol
2:08:09 Obsi: fucker I was just about to buy those
2:08:14 smickles: : mircera arbing?
2:08:17 mircea_popescu: !ticker asicminer
2:08:20 mircea_popescu: !ticker dmc

2:08:33 [GLBSE:ASICMINER] [Bid: 0.10000001] [Ask: 0.109699] [Spread: 0.00969899] [Last: 0.109799] [24hVol: 45.68228861] [7dAvg: 0.10446186]
2:08:34 mircea_popescu: smickles i won't bother but im curious how large his asshole is on the mkt.
2:08:34 [GLBSE:DMC] [Bid: 0.03501] [Ask: 0.06799] [Spread: 0.03298] [Last: 0.085] [24hVol: 8.00300039] [7dAvg: 0.06076257]
2:08:48 mircea_popescu: .py 0.03501 * 6
2:08:49 0.21006
2:08:57 mircea_popescu: so you trade .2 for 1 btc ?
2:09:02 mircea_popescu: no wonder nobody takes you seriously.

2:09:22 Diablo-D3: you do realize that means you pay 6 btc for 10 asicminer shares, right?
2:09:35 mircea_popescu: it means i pay 0.21 btc for 1btc worth of asicminer.
2:09:41 mircea_popescu: you said 6 for 10.

2:09:55 Diablo-D3: yes, and the market does not value dmc correctly.
2:10:09 mircea_popescu: yes, and you would be raped unless it wasn't the case nobody cares what you say.

2:10:29 [MPEX] [S.MPOE] 50400 @ 0.00039584 = 19.9503 BTC [+]
2:10:30 [MPEX] [S.MPOE] 4807 @ 0.0003934 = 1.8911 BTC [-]
2:10:43 smickles: : /*\O
2:10:56 Diablo-D3: anyhow, Obsi, you still trading asicminer for obsi,abmo?
2:11:03 Obsi: yeah
2:11:43 Diablo-D3: Ill trade you 2080 asicminer for 4160 obsi.abmo
2:12:00 mircea_popescu: !ticker obsi.abmo

2:12:05 Obsi: alright, send to Obsi:OBSI.ABMO
2:12:31 [GLBSE:OBSI.ABMO] [Bid: 0.05] [Ask: 0.085] [Spread: 0.035] [Last: 0.085] [24hVol: ] [7dAvg: 0.07954545]
2:12:36 mircea_popescu: o yonder glbse the brave, yonder glbse the quick...
2:13:17 mircea_popescu: OBSI.ABMO he's trading 82 to 9.
2:13:28 mircea_popescu: asic miner he's trading 10 to 3

2:13:29 Diablo-D3: Obsi: sent
2:13:38 mircea_popescu: this is the most ridiculous thing i ever saw in my life

2:13:53 Obsi: Diablo-D3: which account to send to?
2:14:06 mircea_popescu: so Diablo-D3 i'm guessing nao in case someone asks you don't have anymore asicminer to trade at your market forces driven rate of 6 to 10 ? :D

2:14:28 Diablo-D3: mircea_popescu: yup, sorry, all gone
2:14:32 mircea_popescu: ahahahaha

2:14:41 Diablo-D3: mircea_popescu: I was already going to trade these to obsi, I thought you knew
2:14:47 Diablo-D3: Obsi: Diablo-D3:DMC
2:14:49 mircea_popescu: orly. it was an emergency meeting ?

2:14:57 Diablo-D3: mircea_popescu: no, this was planned earlier
2:15:04 mircea_popescu: at the emergency meeting ?

2:15:17 Diablo-D3: no, Obsi passed a motion on ABMO for it
2:15:19 Diablo-D3: like 2 weeks ago
2:15:30 Diablo-D3: on my request
2:15:31 mircea_popescu: lol ok, lets find moar gems, this is becoming fun.

2:15:36 [GLBSE] [YABMC] 5 @ 0.1178 = 0.589 BTC [+]
2:15:42 Diablo-D3: mircea_popescu: Im not trading btc-mining or btcmc or abmo
2:15:43 mircea_popescu: !ticker BTC-MINING
2:15:45 Diablo-D3: so theres nothing left
2:15:47 mircea_popescu: o i see.

2:15:49 [GLBSE:BTC-MINING] [Bid: 0.9] [Ask: 0.96999] [Spread: 0.06999] [Last: 0.96999] [24hVol: 18.42981] [7dAvg: 0.96263133]
2:15:54 mircea_popescu: jusrt what i was looking at lolz
2:16:09 mircea_popescu: how about HYDRO.BONDS ?

2:16:13 coingenuity: !ticker dmc
2:16:27 mircea_popescu: he's almost at 0.005

2:16:28 Diablo-D3: Ill trade YOUR btc-miing btcmc or abmo for DMC
2:16:36 Diablo-D3: but I wont trade your dmc for them
2:16:39 mircea_popescu: not at those rates you won't lmao.

2:16:44 [GLBSE:DMC] [Bid: 0.1] [Ask: 0.15] [Spread: 0.05] [Last: 0.085] [24hVol: 42.62404855] [7dAvg: 0.0620326]
2:16:44 Diablo-D3: those are core assets.
2:16:45 [GLBSE] [OBSI.HRPT] 5 @ 0.103589 = 0.5179 BTC [-]
2:16:48 mircea_popescu: ofcourse you won't, comrade. because your rates are ridiculous.
2:16:51 mircea_popescu: so, HYDRO.BONDS. you got any ?

2:16:55 Diablo-D3: nope
2:16:58 Diablo-D3: see the list
2:16:58 mircea_popescu: right-o.

2:16:59 coingenuity: didnt i buy some dmc?
2:17:01 Diablo-D3: I just published it
2:17:08 coingenuity: i have no idea
2:17:09 Diablo-D3: coingenuity: dunno, did you?
2:17:22 Diablo-D3: so many people traded into dmc I forget who has and hasnt
2:17:27 mircea_popescu: well this was fun.

2:17:30 coingenuity: i dont remember, i dont use glbse at all
2:17:36 Diablo-D3: coingenuity: then you havent
2:17:42 Obsi: Diablo-D3: sent
2:17:42 coingenuity: i just remember the first day you made it you asked me to buy some and i dont remember if i did or not
2:17:43 mircea_popescu: if you bought at 1 coingenuity then you've been badly had.

Category: Actiuni si Optiuni
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3 Responses

  1. Mircea Popescu`s avatar
    1
    Mircea Popescu 
    Tuesday, 4 September 2012

    Avem si o continuare :

    Sep 04 22:37:12BTC-Mining Ah, yes. More drama?
    Sep 04 22:37:31 * ciuciu (~chatzilla@96.127.204.194) has joined #bitcoin-assets
    Sep 04 22:37:35mircea_popescu drama is crucial.
    Sep 04 22:37:37usagi Hi ciuciu
    Sep 04 22:37:46usagi I noticed you stopped trolling the YARR thread :> is everything ok?
    Sep 04 22:38:21BTC-Mining Of course it is crucial... that's what makes people do rash decisions
    Sep 04 22:38:36 * usagi is wondering if ciuciu is sick or something, haven't seen him post in a while
    Sep 04 22:38:43BTC-Mining and rash decisions makes good business opportunities.
    Sep 04 22:39:04mircea_popescu BTC-Mining not really. drama is the only way truth can get out in circlejerk situations.
    Sep 04 22:39:05BTC-Mining (For those not doing rash decisions)
    Sep 04 22:39:07 * phlebotomous (4f727971@gateway/web/freenode/ip.79.114.121.113) has joined #bitcoin-assets
    Sep 04 22:39:18mircea_popescu and teh interweb sociali media tends to build up circlejerks
    Sep 04 22:41:05mircea_popescu whoa, what a little pearl : "We have also obtained 4,200 shares of DMC for only 50 bitcoins in a special one-time "insider" trade with Diablo-D3."
    Sep 04 22:41:17mircea_popescu how did you pay below mkt price usagi ?
    Sep 04 22:41:33usagi Because I traded for ASICMINER.
    Sep 04 22:41:42mircea_popescu >.-
    Sep 04 22:41:43BTC-Mining I have yet to see any drama or people bashing on my threads.
    Sep 04 22:41:45mircea_popescu agagagaa
    Sep 04 22:41:47usagi All Diablo did
    Sep 04 22:41:54mircea_popescu o this is great.
    Sep 04 22:41:56usagi was set the price of MHASH to asic's price, "now".
    Sep 04 22:41:58JWU_42 Diablo has fucked up DMC to infinity
    Sep 04 22:42:07usagi People who are paying .80 for GIGAMINING for example
    Sep 04 22:42:10usagi ---theyre living in a dream
    Sep 04 22:42:14JWU_42 ASIC
    Sep 04 22:42:15usagi GIGA is worth less than DMC.
    Sep 04 22:42:20usagi "now", DMC > GIGAMINING.
    Sep 04 22:42:21usagi Right now.
    Sep 04 22:42:25mircea_popescu ahaha
    Sep 04 22:42:29mircea_popescu o god almighty.
    Sep 04 22:42:34BTC-Mining I disagree, usagi
    Sep 04 22:42:39JWU_42 completely
    Sep 04 22:42:43usagi Think about it. DMC has 6.5 mhash a share.
    Sep 04 22:42:45JWU_42 it is worth nothing
    Sep 04 22:42:48usagi Soon it will be 10.
    Sep 04 22:42:50usagi What will gigamining have?
    Sep 04 22:42:52usagi 5?
    Sep 04 22:43:00copumpkin usagi: he's announced the upgrade path
    Sep 04 22:43:01BTC-Mining Gigamining is going to be 100 mhash per share
    Sep 04 22:43:01copumpkin and it's frree
    Sep 04 22:43:05assbot [GLBSE] [FPGAMINING] 5 @ 0.7327 = 3.6635 BTC [-]
    Sep 04 22:43:07assbot [GLBSE] [FPGAMINING] 25 @ 0.7326 = 18.315 BTC [-]
    Sep 04 22:43:07usagi Yes but DMC has those mhash NOW.
    Sep 04 22:43:07mircea_popescu my eyes are bleeding.
    Sep 04 22:43:08assbot [GLBSE] [FPGAMINING] 1 @ 0.7325 BTC [-]
    Sep 04 22:43:08assbot [GLBSE] [FPGAMINING] 9 @ 0.732 = 6.588 BTC [-]
    Sep 04 22:43:09assbot [GLBSE] [FPGAMINING] 2 @ 0.73 = 1.46 BTC [-]
    Sep 04 22:43:13copumpkin usagi: 100?
    Sep 04 22:43:14BTC-Mining or 25 mhash for the free path
    Sep 04 22:43:15usagi Gigamining has some kind of paid upgrade path.
    Sep 04 22:43:17usagi Well look
    Sep 04 22:43:19JWU_42 usagi: AND PAYING NO DIVIDENDS
    Sep 04 22:43:22mircea_popescu usagi no it has jack shit now lmao. what now ? asics are just a dream yet.
    Sep 04 22:43:23usagi You don't realize this but you are 2 months late
    Sep 04 22:43:31usagi This was reported and dealt with 2 months ago
    Sep 04 22:43:37mircea_popescu dun dun dun.
    Sep 04 22:43:39usagi What Diablo is doing is apparently OK, so I decided to run with it
    Sep 04 22:43:41JWU_42 and the sahre price has gone from 1 to bitcents
    Sep 04 22:43:58usagi So I traded a bunch of asicminer. I made some profit. In 6 months
    Sep 04 22:44:02assbot [GLBSE] [GSDPT] 150 @ 0.003393 = 0.509 BTC [+]
    Sep 04 22:44:04usagi You will wish you did too.
    Sep 04 22:44:05JWU_42 it is almost criminal
    Sep 04 22:44:12usagi As mining bonds go to zero and DMC goes to 10
    Sep 04 22:44:31usagi DMC has risen 80% since I did that trade
    Sep 04 22:44:36usagi Sorry. 800%
    Sep 04 22:44:39mircea_popescu no, i'm with JWU_42 here. it's criminal alright.
    Sep 04 22:44:41JWU_42 wow .01 to .02
    Sep 04 22:44:42usagi !pl DMC 0.0111111111
    Sep 04 22:44:42assbot Requesting data from GLBSE (might take a while).
    Sep 04 22:44:47assbot DMC [1@0.01111111BTC] paid: 0.02635814 BTC. Last price: 0.07 BTC. Capital gain: 0.05888889 BTC. Total: 0.08524703 BTC. (767.2%)
    Sep 04 22:44:59usagi This is the profit you get from investing in EITHER ASICMINER or DMC.
    Sep 04 22:45:13usagi And more than 75% of the shares out now were traded after the asicminer deal
    Sep 04 22:45:14mircea_popescu usagi srsly... these things go on the record. what will you do in 6 months ?
    Sep 04 22:45:18mircea_popescu insist i learn when to stfu ?
    Sep 04 22:45:22JWU_42 good luck selling your shares
    Sep 04 22:45:32usagi So frankly...... Do you know what you are talking about? No.
    Sep 04 22:45:41mircea_popescu this is so sad.
    Sep 04 22:45:42usagi You have it so wrong
    Sep 04 22:45:55JWU_42 mircea_popescu: this will end badly
    Sep 04 22:45:57usagi that to actually educate you I thin kI would need to be paid for the massive amount of time
    Sep 04 22:46:09mircea_popescu JWU_42 yes, it will end badly. like ppt ended badly. you know for whom ?
    Sep 04 22:46:17copumpkin for my asshole
    Sep 04 22:46:18 * JWU_42 nods
    Sep 04 22:46:21JWU_42 yes
    Sep 04 22:46:24JWU_42 mine too
    Sep 04 22:46:24 * copumpkin pats JWU_42
    Sep 04 22:46:26mircea_popescu not for the incompetent bunch that thinks it knows finance.

  1. [...] what do you get ? Well now that all depends. If you know enough about the cultural context you get lolcows. If you don’t, you get scammed. You enter into “insurance agreements” with Ito [...]

  2. [...] for valuating miner bonds and proceeded to trade on the open market according to it, impervious to warnings that both his system was broken and that in any event his implementation is [...]

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