Forum logs for 04 Dec 2013

Sunday, 24 November, Year 11 d.Tr. | Author: Mircea Popescu
mircea_popescu what bar is that ? [00:00]
* gesell ( has joined #bitcoin-assets [00:00]
kakobrekla thats their market cap prolly [00:00]
* Vexual (~Vexual@ has joined #bitcoin-assets [00:01]
* Vexual has eggs [00:01]
Vexual choocks finally started laying [00:02]
* lewicki ( has joined #bitcoin-assets [00:02]
* lewicki has quit (Changing host) [00:02]
* lewicki (~lewicki@unaffiliated/lewicki) has joined #bitcoin-assets [00:02]
truffles what kind [00:03]
dub you are that guy from wolf creek right? [00:03]
Vexual i dunno what kind, theyre brown, got them from the market [00:04]
truffles u mean a real chicken .. [00:05]
* fiat500__ ( has joined #bitcoin-assets [00:05]
Vexual four of your finest pullets please sir [00:05]
* fiat500_ has quit (Ping timeout: 260 seconds) [00:06]
mike_c not pullets any more [00:07]
truffles [00:07]
ozbot aussie chook laying egg - this one's a cracker! - YouTube [00:07]
ThickAsThieves so basically designers should be round up and shot. <<<< in some regards, yes, but in the end a designer is paid to solve a "problem" and more often than not, in a way they would not prefer [00:07]
truffles tramatized now [00:07]
ThickAsThieves clients cause oodles of depression and frustration for that field [00:08]
* Enky (~enky@ has joined #bitcoin-assets [00:09]
KRS|gotyawallet 1 bitbar = .0979 BTC ~ $100 [00:09]
KRS|gotyawallet what in the fuhhh [00:09]
assbot [HAVELOCK] [NEOBEE] 209 @ 0.00274 = 0.5727 BTC [+] [00:10]
Vexual ahh so thats why i baby talk to my vw bettle [00:11]
assbot [HAVELOCK] [NEOBEE] 40 @ 0.00274 = 0.1096 BTC [+] [00:11]
ThickAsThieves come to think of it, i kinda disagree with the premise that designers create things to look babyish [00:12]
benkay the cloaca blooms [00:12]
Vexual your little fuely wuely pump is so inaccesible and ALWYAS FUCKING BREAKIN! [00:13]
assbot [MPEX] [S.MPOE] 2100 @ 0.00081427 = 1.71 BTC [-] [00:13]
BingoBoingo KRS|gotyawallet: Well, with especially failed altcoins there is not uncommonly just one holder and setting the exchange rate so arbitrarily involves a minimal amount of actual money. [00:13]
mike_c bitbars are "rare", so the price of one doesn't mean much. market cap of all them is only $600k [00:14]
mike_c [00:14]
ozbot Crypto-Currency Market Capitalizations | Bitcoin Litecoin Peercoin Namecoin QuarkCoin Megacoin Proto [00:14]
* Guest25242 has quit (Ping timeout: 272 seconds) [00:14]
ThickAsThieves there's $50m in quarkcoinz? [00:15]
ThickAsThieves lol [00:15]
jurov` Sooo dude from fortune just asked me if he can fund coinbr account with credit card... [00:15]
ThickAsThieves litecoin almost $1b [00:15]
ThickAsThieves not so fortunate he can afford real mpex i guess [00:16]
ThickAsThieves or maybe he emailed them to [00:17]
ThickAsThieves too [00:17]
* mjoiii (~Android@ has joined #bitcoin-assets [00:17]
* mjoiii_ has quit (Read error: Connection reset by peer) [00:17]
* mjoiii_ ( has joined #bitcoin-assets [00:17]
BingoBoingo Lol jurov` [00:18]
Vexual company card? [00:18]
KRS|gotyawallet a lot of people are going to receive teh proverbial "sore anus" at some distant future. [00:18]
jurov` Dunno what card, i rejected. But maybe i can actually sell the card for btc and use that to fund the acct? [00:19]
mircea_popescu ThickAsThieves sucks for the designers. [00:19]
BingoBoingo [00:19]
ozbot Katana Kitsao Gona: Kenya goat sex attacker faces victim in court | Metro News [00:19]
assbot [HAVELOCK] [HIF] 3000 @ 0.00048972 = 1.4692 BTC [-] [00:20]
mircea_popescu litecoin almost $1b <<< do you realise most fiat companies are worth less than the lauighingstock altcoin ? [00:20]
jurov` Oh and he wants to really short bitcoins not just buy/sell some options. [00:21]
jurov` Anyone wants to lend him for lulz? [00:21]
Vexual then cry to visa when he fails? [00:21]
* mjoiii has quit (Ping timeout: 246 seconds) [00:21]
mircea_popescu jurov` if he can't readily buy bitcoin how would he sell it ? [00:21]
mircea_popescu inb4 he ends up with 7k of mtgox usd he can't actually get sent to his acct and we get a forbes bitcointalk thread [00:22]
benkay why do the traditional short instead of playing options? [00:22]
jurov` Hmmmm.. that's where the lulz come. [00:22]
BingoBoingo ... So the Fortune editor is basically Bakewell 2.0? Can he even ident with gribble? [00:22]
ThickAsThieves he wants to short? [00:22]
mircea_popescu benkay maybe because the plan is to short enough to move the price ? [00:22]
ThickAsThieves how much? [00:22]
ThickAsThieves send him in here [00:22]
ThickAsThieves he'll probly find a deal [00:23]
mircea_popescu why so mean ThickAsThieves [00:23]
jurov` Dunno. Not in mood to investigate. [00:23]
benkay BingoBoingo: he hit irc from a web client. [00:23]
ThickAsThieves mean? [00:23]
ThickAsThieves i guess bulls are mean [00:23]
BingoBoingo benkay: Still doesn't preclude getting in the WoT [00:23]
ThickAsThieves and I am a Taurus after all [00:23]
mircea_popescu ha. [00:23]
benkay BingoBoingo: implies insufficient familiarity with the toolchain to get in the WoT. [00:23]
jurov` So should i just write him i have friends on irc and they will loan you? [00:24]
mircea_popescu anyway, i would imagine guy got a good enough starter to figure what's what. at this point either he's on a deadline for the next article and well, just drops the entire thing, [00:24]
mircea_popescu or else embarks on the 6 mo to a year of lurking, reading and so on. [00:24]
BingoBoingo benkay: He's a senior editor. I'm pretty sure he can bully one of his help desk dorks into loaning him the coins. [00:24]
* random_cat (~random_ca@gateway/tor-sasl/randomcat/x-49498005) has joined #bitcoin-assets [00:24]
mike_c nah, his help desk dork with btc is worth more than him now [00:24]
mircea_popescu BingoBoingo and then he gets davout to whitelist him on btc central or what ? [00:24]
Vexual maybe they gonna out satoshi [00:24]
* tbcoin (~tbcoin@ has joined #bitcoin-assets [00:25]
benkay BingoBoingo: his help desk dorks don't have enough btc to short and move the price anywhere [00:25]
BingoBoingo mircea_popescu: I imagine he does an OTC trade in a rest stop bathroom? [00:25]
mircea_popescu well... of course they don't. [00:25]
benkay ;;market sell 1000 [00:25]
gribble A market order to sell 1000 bitcoins right now would net 1115751.6083 USD and would take the last price down to 1100.0000 USD, resulting in an average price of 1115.7516 USD/BTC. | Data vintage: 0.0702 seconds [00:25]
ThickAsThieves mega-slippage [00:25]
benkay ;;market sell 1000000 [00:25]
gribble A market order to sell 1000000 bitcoins right now would net 34063873.7035 USD and would take the last price down to 0.0017 USD, resulting in an average price of 34.0639 USD/BTC. | Data vintage: 16.7910 seconds [00:25]
jurov` ThickAsThieves: can I kindly refer him to bitcoin powerhouse of TAT Investments? [00:25]
ThickAsThieves not hanks [00:26]
mircea_popescu benkay to quote one of the better lines in city hall, "You ever seen a journalist with a million dollars in cash ?" [00:26]
* kleeck ( has joined #bitcoin-assets [00:26]
ThickAsThieves unless he wants to a secret shadowy silhouette article on me [00:26]
Vexual are bloggers journalists? [00:26]
benkay all journalists are bloggers now. [00:26]
truffles lol TAT's a baller [00:26]
mircea_popescu truffles tat shorted the difficulty, i'll have you know. [00:26]
truffles subject im unfamiliar with [00:27]
mike_c and he is gunna lose [00:27]
benkay mircea_popescu, ThickAsThieves how'd shorting the difficulty work out? [00:27]
assbot [HAVELOCK] [NEOBEE] 115 @ 0.002735 = 0.3145 BTC [-] [00:27]
mircea_popescu shorting the difficulty never works out [00:27]
mircea_popescu the difficulty is a very long difficulty indeed. [00:27]
benkay "the market can remain irrational far longer than you can remain solvent" [00:28]
ThickAsThieves i shorted diff? [00:28]
mike_c bitbet [00:28]
ThickAsThieves well that aint settled yet [00:28]
mircea_popescu benkay it can remain rational for even longer than you can remain irrational, is the catch [00:28]
assbot [HAVELOCK] [NEOBEE] 1085 @ 0.00273959 = 2.9725 BTC [+] {3} [00:28]
* kleinessteak has quit () [00:28]
ThickAsThieves ;;nethash [00:28]
gribble 6400549.04237 [00:28]
ThickAsThieves stahp! [00:28]
mircea_popescu !b 7 [00:29]
ThickAsThieves he wait [00:29]
assbot Last 7 lines bashed and pending review. ( [00:29]
mircea_popescu totally. [00:29]
ThickAsThieves it did stop [00:29]
BingoBoingo ;;ident BingoBoingo [00:29]
gribble Nick 'BingoBoingo', with hostmask 'BingoBoingo!~BingoBoin@unaffiliated/bingoboingo', is identified as user BingoBoingo, with GPG key id 309BB8D7F3251143, key fingerprint ADD7A9A28F85E5EF1F51904F309BB8D7F3251143, and bitcoin address None [00:29]
* jMyles (~slashroot@ has joined #bitcoin-assets [00:29]
mircea_popescu funniest thing i read all day. [00:29]
ThickAsThieves thats the same diff from this morning? [00:29]
mircea_popescu nethash ! what r u doing! nethash! STAHP!!! [00:29]
ThickAsThieves sorry, nethash [00:29]
ThickAsThieves not diff [00:29]
benkay .d [00:29]
ozbot 707408283.05150 | Next Diff in 1256 blocks | Estimated Change: 24.1215% in 6d 14h 35m 14s [00:29]
ThickAsThieves ;;bcstats [00:30]
gribble Current Blocks: 272919 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1256 blocks | Next Difficulty In About: 6 days, 9 hours, 47 minutes, and 45 seconds | Next Difficulty Estimate: 880424029.301 | Estimated Percent Change: 24.45769 [00:30]
benkay i'm intrigued by the bitbet about difficulty falling [00:30]
BingoBoingo This blogger is willing to offer the Senior Editor a 2,500,000 Satoshi Grant to study shorting Bitcoin or a 5,000,000 Satoshi loan [00:30]
mircea_popescu interestingly enough, any arrangement wherein you borrow bitcoin and then sell it is, in fact, an option. [00:31]
BingoBoingo If he is serious he can find my email address embedded here or I'll probably still be lurking [00:31]
mike_c well, that is the definition of a short [00:31]
mike_c borrow and sell [00:31]
mircea_popescu yes. [00:31]
* smidge ( has joined #bitcoin-assets [00:32]
Vexual [00:32]
ozbot porsche using EMP device on Mullet Ride (to keep from being passed @ thunderhill) - YouTube [00:32]
* zboralski (~az@ has joined #bitcoin-assets [00:32]
mircea_popescu mike_c but your contract has an implicit strike (established by the interest you pay on the borrow and the price you get on the sale) [00:32]
mircea_popescu and it has an expiration (established by the borrow) [00:33]
mircea_popescu thus, it's exactly an option. [00:33]
benkay ha! [00:33]
benkay dat topological identity. [00:33]
mircea_popescu well yeah [00:33]
mircea_popescu how do you think options ended up existing in the first place, [00:34]
benkay i was wondering the other night how likely bitbet would be to displace formal options trading [00:34]
mircea_popescu it's not like i was bored one day and invented a new thing/ [00:34]
mircea_popescu benkay not too likely, it's kinda clunky [00:34]
mike_c ah, i see your point. got it. [00:34]
benkay well yeah and the whole otc lubrication of trade [00:34]
mircea_popescu yeah [00:34]
benkay er otc -> contract standardization i mean [00:34]
ThickAsThieves where are the new Yes bets? [00:38]
BingoBoingo stephengandel: Do you have a bitcoin client of you own running yet? [00:41]
assbot [MPEX] [S.MPOE] 9200 @ 0.0008094 = 7.4465 BTC [-] [00:41]
mircea_popescu ThickAsThieves if you look at it, the yes side is few and mostly large bets, the no is mostly many small bets [00:42]
mircea_popescu this to me looks definitely like miners are dominating the yes side. [00:43]
assbot [HAVELOCK] [NEOBEE] 883 @ 0.00274 = 2.4194 BTC [+] {2} [00:43]
* Kleeck_ ( has joined #bitcoin-assets [00:44]
* benkay has quit (Ping timeout: 245 seconds) [00:44]
assbot [HAVELOCK] [NEOBEE] 125 @ 0.00274973 = 0.3437 BTC [+] [00:46]
mircea_popescu << here, because you're all nuts. [00:47]
ozbot Animaniacs: Macadamia Nut **Lyrics in Description** - YouTube [00:47]
assbot [HAVELOCK] [NEOBEE] 141 @ 0.00274982 = 0.3877 BTC [+] {2} [00:49]
assbot [HAVELOCK] [CBTC] 7400 @ 0.0001099 = 0.8133 BTC [-] [00:50]
assbot [HAVELOCK] [NEOBEE] 87 @ 0.00276 = 0.2401 BTC [+] [00:50]
ThickAsThieves did Havelock skip having a forum thread for the new IPOz? [00:51]
Duffer1 the 7c thing? [00:51]
ThickAsThieves yeah [00:51]
Duffer1 i didn't even look, i read the email then deleted it when i read the 3rd quarter 2014 part [00:52]
assbot [HAVELOCK] [CBTC] 1190 @ 0.00010995 = 0.1308 BTC [+] [00:52]
ThickAsThieves;topicseen#new [00:53]
ozbot SENIGMA a way forward? [00:53]
ThickAsThieves look at those poll questions [00:53]
ThickAsThieves hehe [00:53]
assbot [MPEX] [S.NSA] 1250 @ 0.00012 = 0.15 BTC [+] [00:54]
Duffer1 i like voteing [00:54]
Duffer1 7c IPOing soon, won't get anything done for a year (while btc price triples in the meantime) sounds like another VTX [00:55]
assbot [HAVELOCK] [CBTC] 6032 @ 0.00011017 = 0.6645 BTC [+] {4} [00:57]
* zboralski has quit (Ping timeout: 260 seconds) [00:59]
assbot [HAVELOCK] [CBTC] 5699 @ 0.00011966 = 0.6819 BTC [+] {4} [01:00]
mircea_popescu didn't vtx also get hacked ? [01:01]
Vexual 7c would be a lot cooler if they were building a town in antarctica [01:01]
mircea_popescu "For a few months now, Whilst I hold my share prices at 0.012, When I started, This was nothing, Now it is starting to be something, Whilst this is good for early adopters who have got the value back already, Is this too high for anyone else to come in? [01:01]
mircea_popescu Your thoughts here." [01:01]
mircea_popescu what ? [01:01]
mircea_popescu what part of the "i hold my share prices" do i woefully misunderstand ? [01:02]
ThickAsThieves i think it's a PMB and/or scam [01:03]
ThickAsThieves but i aint gonna dig deeper [01:03]
mircea_popescu so is it an actual bond, as in, with a principal and everything ? [01:04]
assbot [HAVELOCK] [VTX] 1 @ 0.156 BTC [-] [01:04]
* tbcoin has quit (Remote host closed the connection) [01:04]
Vexual yep, he buys mining equipment. dividends exist. the end [01:05]
mircea_popescu so then how does he hold the shares at whatever [01:05]
ThickAsThieves [01:05]
mircea_popescu "for many weeks" ? [01:06]
assbot [MPEX] [O] [O.USD.C095T] 320 @ 0.04412653 = 14.1205 BTC [-] [01:06]
Vexual I will set a buy back out at 20% ??? [01:06]
ThickAsThieves the dude has colleted less than 10btc [01:06]
ThickAsThieves [01:06]
assbot [HAVELOCK] [NEOBEE] 2000 @ 0.00278701 = 5.574 BTC [+] {7} [01:07]
ThickAsThieves good day for neo [01:07]
mircea_popescu “I’ve sent large amounts by wire and it’s always worked within 24 hours. Check your deposit " [01:07]
mircea_popescu retardds. obviously wires in would work fine. [01:07]
* smidge has quit (Quit: sorry, but you've mistaken me for someone who gives a fuck...) [01:09]
* snackman (c130ac1b@gateway/web/freenode/ip. has joined #bitcoin-assets [01:09]
ThickAsThieves so does btc-e carrying litecoin prevent the Gox effect here? [01:10]
snackman which one of you is mircea_popescu ? [01:10]
assbot [HAVELOCK] [NEOBEE] 1292 @ 0.00278768 = 3.6017 BTC [+] [01:10]
assbot [HAVELOCK] [AM1] 1 @ 0.33676818 BTC [-] [01:10]
mircea_popescu snackman kakobrekla. [01:10]
mircea_popescu i'm really jurov, who is ThickAsThieves. [01:10]
mircea_popescu it's complicated, because finance. [01:10]
snackman pathethic piece of romanian scum [01:10]
snackman or whatever post-communist shithole you come from [01:11]
truffles didnt see that one coming [01:11]
ThickAsThieves now taking bets on how long before snakcmna is banned or run out of here [01:11]
assbot [HAVELOCK] [AM1] 11 @ 0.33586098 = 3.6945 BTC [-] {8} [01:11]
mircea_popescu the dazzling variety of irc. [01:11]
snackman this gypsy owes me 1,000,000 US-dollar cents [01:11]
truffles 0,0 [01:12]
mircea_popescu (which, i will have you know, somalis pronounce irtz) [01:12]
Vexual [01:12]
ozbot Scatman John - I'm A scatman - YouTube [01:12]
assbot [HAVELOCK] [NEOBEE] 1440 @ 0.00278768 = 4.0143 BTC [+] [01:12]
kakobrekla lol [01:12]
snackman no, but seriously guys [01:12]
ThickAsThieves ok sorry [01:12]
mircea_popescu snackman << check out the cartoon. [01:12]
mircea_popescu it's about you. [01:12]
snackman mircea_popescu: ok hold on [01:12]
ThickAsThieves the oglaf guy has some good stuff [01:13]
snackman mircea_popescu: nice cartoon, also nice post btw [01:14]
snackman is that you in the header picture? [01:14]
mircea_popescu yes. [01:14]
ThickAsThieves it's jurov of course [01:14]
mircea_popescu aw shit. caught in my own web of lies [01:14]
mircea_popescu ThickAsThieves it's a woman! [01:15]
ThickAsThieves it's just a pyramid [01:15]
ThickAsThieves calm down [01:15]
mircea_popescu no i mean the oglaf GUY. it's a girl. [01:15]
ThickAsThieves ah ha! [01:15]
ThickAsThieves that explains a lot [01:15]
mircea_popescu so rarely women do anything worth the mention. why rob them of the little they do. [01:16]
snackman well, mircea_popescu, sorry but i can't get it out of my head: *why* do you not want to pay me my 10btc back. please just explain it to me in a calm and rational way [01:16]
ThickAsThieves i was just like wow this dude is very progressive with these gay frames [01:16]
mircea_popescu snackman actually, there was a post about that, too. didja read that ? [01:16]
snackman mircea_popescu: i did. [01:16]
mircea_popescu well that's about it. [01:17]
snackman mircea_popescu: i'm listening to what you have to say. that post developed into a bashfest [01:17]
kakobrekla as all the roads lead to rome, all the questions lead to trilema [01:17]
mircea_popescu the trirome! [01:17]
kakobrekla and the roastions [01:17]
ThickAsThieves trirome, pronounced like tyranny [01:18]
mircea_popescu no, like tryrammy. [01:18]
mircea_popescu like thrice rammed. [01:18]
ThickAsThieves when in rome [01:18]
snackman mircea_popescu: i'm still listening. you are wasting my precious time [01:18]
mircea_popescu you got that a little backwards neh ? [01:19]
ThickAsThieves we're all wasting each other precious time, dont give him all the credit [01:19]
mircea_popescu no homo. [01:19]
snackman mircea_popescu: you might wanna look up megalomania then [01:19]
* tbcoin ( has joined #bitcoin-assets [01:20]
ThickAsThieves surely he has it tatooed on his penis [01:20]
mircea_popescu i was thinking... this guy's theory is that i simultaneously invented the thing and also don't know what it is ?! [01:20]
dub megalomania is an awesome old RTS game [01:21]
* Uglux has quit (Remote host closed the connection) [01:21]
ThickAsThieves snackman, why did you bet so late [01:21]
snackman mircea_popescu: so then tell me, why are your genes contaminated by sub-human east european scum parents? [01:21]
mircea_popescu o.o [01:21]
dub fast bux are the best bux derp [01:21]
snackman ThickAsThieves: because i wanted to make the most out of it [01:21]
snackman yeah [01:21]
mircea_popescu don't they teach debate in school anymore ?! [01:21]
ThickAsThieves make the most loss out of it? [01:22]
dub did he just call mp a nigger? [01:22]
snackman mircea_popescu: at least we have schools here :) [01:22]
Duffer1 cancelled due to budget cuts mp :P [01:22]
mircea_popescu i think i should be insulted by being related to the hottest chicks on planet earth or something [01:22]
snackman for everybody, not just the overprivileged party members [01:22]
snackman mircea_popescu: nah, i don't think that [01:22]
mircea_popescu where's that mit video [01:22]
Duffer1 if it's not football it's not funded [01:22]
jamespeerless does bitbet have a minimum bet? seems like they'd lose money on transaction fees if I don't bet much? [01:23]
* truffles doesnt understand what the drama is about [01:23]
snackman mircea_popescu: tbh, it's kinda hard to debate an online nickname that has taken 10btc from you and tries to keep it using "arguments" [01:23]
mircea_popescu jamespeerless no minimum bet so far. [01:23]
mircea_popescu << [01:23]
ozbot MIT genuises with lightbulb - YouTube [01:23]
snackman truffles: he took my btcs [01:23]
Bunnyh is the NO on bitbet charts really gray? seems teal to me [01:23]
mircea_popescu Bunnyh im colorblind. [01:23]
truffles why'd he take em snackman? [01:23]
Bunnyh ok,i thought i am [01:24]
mircea_popescu snackman it's not a nickname dood. that's my name. [01:24]
mircea_popescu jamespeerless the reason is that we're oldfags, which means rich, which means with a lot of old coinbases, which means tx are free. or something. [01:25]
jamespeerless what do you mean? why would they be free [01:25]
mircea_popescu the prioritization of txs takes into account the concept of "bitcoin days destroyed" [01:26]
mircea_popescu that's the product of a coinbase's volume with its age. [01:26]
* zboralski (~az@ has joined #bitcoin-assets [01:26]
snackman truffles: because my transaction was not confirmed in time [01:26]
mircea_popescu so if you have 1k btc that weren't moved for 3 years, you get about 1mn times the priority of a 1btc that was moved yest. [01:26]
snackman truffles: it was placed on the correct bet though [01:26]
jamespeerless got it [01:27]
jamespeerless makes sense [01:27]
truffles snackman gotta read fine prints [01:27]
mircea_popescu in principle it's good for the network to keep moving coins around, i suspect. [01:27]
mircea_popescu or at least satoshi thought so for some reason. [01:27]
kakobrekla imo just bigger chain [01:27]
kakobrekla why [01:27]
kakobrekla where [01:27]
mircea_popescu it's one of the points i don't quite grasp tbh [01:27]
snackman truffles: they weren't, they were FAQs, and i never agreed to them, also this particular clause was *surprising*, therefore not applicable for yet another reason [01:28]
mircea_popescu kakobrekla well because of the particular design, seems implicit in it. [01:28]
ThickAsThieves Hey MP, how bout a compromise, put "Late Bets Will Be Retained" or such on the Send Bitcoins page of bitbet [01:28]
snackman mircea_popescu is only not returning them because he assumes that it is unlikely that i will sue him in romania [01:28]
truffles so ur situation was outside of terms ? [01:28]
mircea_popescu ThickAsThieves the problem with this approach is that 1. it empowers nonsense and 2. it bloats pages. [01:28]
Vexual faqs are accepted to form contract [01:28]
snackman truffles: yet, because the txn was sent before, it only arrived later because nobody confirmed it [01:29]
dub interestingly educatoin in .us and .ro sucks somewhat equally [01:29]
mike_c i always took the priority the opposite, that is - it is discouraging moving coins too much by giving recently spent coins lower priority [01:29]
kakobrekla mircea_popescu not like you can mitigate it [01:29]
snackman Vexual: yes, if they explicitely ask you to confirm them, which they didnt [01:29]
dub though dumb romanians are smarter than dumb americans [01:29]
snackman Vexual: also only if there are no surprising clauses [01:29]
mircea_popescu mike_c when i say move coins around i mean, not have very old coinbases. [01:29]
ThickAsThieves so you dont think "reasonable man" is a concept to consider? [01:29]
snackman ? [01:29]
ThickAsThieves a reasonable man would likely assume his bet would either be valid at the time of sending, or refunded at a fee [01:29]
Vexual a reasonable man reads the contract [01:30]
* tbcoin has quit (Remote host closed the connection) [01:30]
snackman mircea_popescu has forgotten the current btc price, making my loss around 12000 usd, making it more than worth pursing a lawyer. also for the satisfaction of seeing this bastard lose in court [01:30]
truffles snackman i get what ure saying, id already have refunded u if it were my biz though, gl [01:30]
ThickAsThieves a reasonable contract typically wouldnt have snares [01:30]
mircea_popescu ThickAsThieves a reasonable man would not send bitcoin on the basis of his assumptions. [01:30]
* tbcoin ( has joined #bitcoin-assets [01:30]
snackman truffles: thanks. [01:30]
mircea_popescu otherwise the reasonable man can start sending to random addresses. [01:30]
snackman mircea_popescu: nice non sequitur [01:30]
snackman mircea_popescu: and nice attempt derailing his point [01:31]
ThickAsThieves do what you want, i;m just sayin youll likely have this problem continually [01:31]
mike_c seriously, if it is such an important amount of money why didn't you do a little research first? doesn't that seem wrong to you at all? [01:31]
assbot [HAVELOCK] [NEOBEE] 200 @ 0.00278768 = 0.5575 BTC [+] [01:31]
snackman mike_c: there was not much time left [01:31]
mircea_popescu ThickAsThieves well, i'm doing what i think is right, and in so doing i'm preventing others from having the same sort of problem all the time. [01:31]
mike_c right.. so you should not have done it. [01:31]
snackman mike_c: also, i followed the basic rules: bet on what you think will win [01:31]
mircea_popescu the space in which bitcoin busienss will happen is primarily shapen by what sort of precedent we create for it. [01:32]
ThickAsThieves ThickAsThieves well, i'm doing what i think is right, and in so doing i'm preventing others from having the same sort of problem all the time. <<< fair enough [01:32]
snackman mircea_popescu: you are a scum to the bitcoin economy and community [01:32]
snackman mircea_popescu: you are but a leach, you are what is disgraceful in human beings [01:32]
mircea_popescu snackman im the largest thing in it ya klutz. [01:32]
ThickAsThieves snackman you would be a good diplomat [01:32]
snackman ThickAsThieves: why? [01:32]
mike_c snackman: can you settle a bet for me. have you placed any more bets on bitbet yet? [01:32]
ThickAsThieves you have a way with words [01:32]
* mjoiii_ has quit (Read error: Connection reset by peer) [01:32]
snackman mircea_popescu: then why would 10btc matter to you? [01:32]
ThickAsThieves he just said why [01:33]
* mjoiii ( has joined #bitcoin-assets [01:33]
mike_c cmon snack, fess up. you've place more bets haven't you :) [01:33]
ThickAsThieves because he feels his policy helps create the kind of world he wants to live in [01:33]
snackman ThickAsThieves: why would i be a good diplomat? [01:33]
ThickAsThieves you wouldnt [01:33]
ThickAsThieves it's a joke [01:34]
ThickAsThieves you suck at convincing people to help you [01:34]
truffles i dont think u want him to be more convincing [01:34]
mike_c i will send you 0.001 btc if you answer me. it will help you recover. [01:34]
* tbcoin has quit (Ping timeout: 248 seconds) [01:35]
truffles thats a general you [01:35]
Duffer1 whats all this drama now? [01:35]
Duffer1 someone lost money.. on bitbet? [01:35]
* tbcoin ( has joined #bitcoin-assets [01:35]
assbot [MPEX] [S.MPOE] 3950 @ 0.00081266 = 3.21 BTC [+] [01:35]
ThickAsThieves yeah they sent money after the answer was known [01:35]
* damagebritain has quit (Quit: Page closed) [01:35]
turbo_ac100 Namworld, I can't get my S.BBET and S.BBET redeemed. That's still possible right? [01:35]
Duffer1 interesting [01:36]
ThickAsThieves turbo_ac100, jurov`can help you, via [01:36]
snackman mike_c: of course i have placed more bets afterwards on bidbet [01:36]
snackman ThickAsThieves: lie [01:37]
turbo_ac100 ThickAsThieves, thanks [01:37]
dub lol [01:37]
snackman Duffer1: they are lying to keep my ONE MILLION cents [01:37]
mike_c awwww, sweet, i win. post address and i will send the donation [01:37]
snackman my address? [01:37]
* ThickAsThieves is now known as ThickAsThieves` [01:37]
mike_c if you want the 0.0001 btc i promised [01:37]
mike_c er, 0.001 [01:38]
Duffer1 i don't believe they would have to lie to keep your money, there must be something i'm missing [01:38]
dub mike_c: make sure you pay the fee [01:38]
mircea_popescu Duffer1 a 10 page forum thread [01:38]
mike_c lol [01:38]
Duffer1 not like my opinion matters at all in this anyways, i was just curious [01:38]
Duffer1 erf, i'll pass, hehe [01:38]
dub mike_c: might want to also check if snackman is the 1 person that doesnt require confirmations [01:39]
snackman mike_c: 16TNs3DYjkGZrnEW4KV7ust6sWU3Esk7eW [01:39]
* dub sends some stolen bitcoinica funds [01:39]
mircea_popescu in 2020 mike_c will be all like "well sonny, i remember back in the old days, mp was there, and i sent this kid a whole bitcent on a lark" [01:39]
mike_c hehe [01:39]
dexX7 Duffer1: problem was actually that the bet was already resolved when his tx/bet was confirmed which - according to bitbet's faq - entitles bitbet to keep the coins [01:39]
mircea_popescu "yeap. that's how it was back then..." [01:39]
Vexual and the lawyer got paid a three yeart retainer on that one case... [01:40]
jamespeerless mircea_popescu: do you know if sendmany only charges one transaction fee regardless of # of recipients? [01:40]
Vexual one tx, one fee [01:41]
mircea_popescu jamespeerless i knowandit does. [01:41]
mircea_popescu andineed a newspacebar [01:41]
* smidge ( has joined #bitcoin-assets [01:41]
jamespeerless what about the 'per kb' rules? i think i read somewhere that 5 recipients is about 1kb? any merit to that? [01:42]
dub looking back on how much a trilemna page view cost should be fun [01:42]
mircea_popescu jamespeerless the recipients aren't the problem. it's about 60 bytes per [01:43]
mircea_popescu your inputs are often the problem, because 1 btc could be made out of 100 mn inputs, aka 10gb [01:43]
snackman mircea_popescu: do you have a larger version of your avatar [01:43]
snackman ? [01:43]
mircea_popescu you know that's not actually me ? [01:43]
Duffer1 dexx7 i see, thanks [01:43]
snackman mircea_popescu: your *avatar* [01:44]
mircea_popescu ... [01:44]
mircea_popescu it's not my account dood. it's my pr chick. [01:44]
snackman mircea_popescu: yes, i know. it's not her either, just a random pic from the internet [01:45]
Vexual [01:45]
ThickAsThieves` snackman, mircea is schizophrenic [01:45]
snackman ThickAsThieves`: i know right [01:45]
ThickAsThieves` common in the colorblinded [01:45]
mircea_popescu sigh [01:45]
ThickAsThieves` lol [01:45]
assbot [HAVELOCK] [NEOBEE] 262 @ 0.00278768 = 0.7304 BTC [+] {3} [01:45]
mircea_popescu snackman scroll down [01:45]
snackman LOL [01:46]
snackman This article is available for a fee. [01:46]
snackman megalomania at its finest :D [01:46]
dub bloggin aint easy [01:46]
mircea_popescu seems you read a bunch. get a proxy. [01:46]
dexX7 lol [01:46]
dexX7 this was telling [01:46]
assbot [HAVELOCK] [NEOBEE] 286 @ 0.00278769 = 0.7973 BTC [+] [01:46]
dexX7 what's the amount of free articles again? [01:46]
mike_c [01:47]
snackman no, i scrolled through a bunch of them to see if this counter was real or trolling [01:47]
dub yea, dude is running around telling everyone not to use bitbet and avoid mp. all the while still useing bitbet and hanging on mp's every blog [01:47]
snackman mike_c: where are the horses? [01:47]
ThickAsThieves` thats not mp in that table pic [01:47]
mike_c bottom right is mpoe-pr [01:47]
Vexual counting and reading all on the same day? [01:47]
snackman dub: i literally just explained to you why the counter was 0 [01:47]
mircea_popescu dexX7 5/week [01:48]
ThickAsThieves` oh that reminds me of that joke [01:48]
snackman Vexual: i klicked on 6 articles to see if the fee counter was a troll, which would have been funny indeed, if not, retarded as fuck [01:48]
mircea_popescu ... [01:49]
ThickAsThieves` It's hard to explain puns to kleptomaniacs because they always take things literally. [01:49]
mike_c mircea_popescu: are company reports exempt from fee? [01:49]
mircea_popescu anyway, the guy on the right there with the dorky hairdue is actually the lawyer you'll probably end up having to argue with [01:49]
mircea_popescu mike_c yes, if you don't need to read more than 20 a month. [01:49]
snackman mircea_popescu: who doesn't have a dorky haircut in the picture? [01:49]
snackman mircea_popescu: also, what picture is this? [01:49]
mircea_popescu snackman well you're poor and so can't afford the context. [01:50]
snackman mircea_popescu: let the king explain to the peasant then [01:50]
assbot [HAVELOCK] [NEOBEE] 85 @ 0.0028 = 0.238 BTC [+] {2} [01:50]
mircea_popescu just use mike's cent to buy some credits [01:51]
mircea_popescu I GET ALL THE COINS [01:51]
* benkay ( has joined #bitcoin-assets [01:51]
snackman mircea_popescu: how many do you own? [01:51]
kakobrekla wait for a month so it matures first [01:51]
benkay .d [01:51]
ozbot 707408283.05150 | Next Diff in 1243 blocks | Estimated Change: 24.4964% in 6d 12h 14m 26s [01:51]
assbot [HAVELOCK] [NEOBEE] 200 @ 0.0028 = 0.56 BTC [+] [01:51]
snackman mircea_popescu: also, if you happen to get any higher resolution pix of your PR chick, let me know. [01:52]
mircea_popescu i'll see if google turns anything up. [01:53]
Duffer1 ya that doesn't sounds creepy dude [01:53]
snackman mircea_popescu: i'd happily wank to a girl that's into bitcoins [01:53]
snackman mircea_popescu: it didn't [01:53]
snackman mircea_popescu: oh sorry, misunderstood you [01:53]
snackman mircea_popescu: please do [01:53]
* [\]_u (~imsaguy@unaffiliated/imsaguy) has joined #bitcoin-assets [01:55]
snackman mircea_popescu: also, if you would be willing to return even, let's say 10% of the money, that would save both of us lots of stress and i would not bother you again [01:55]
snackman seeing that i probably will really have to contact a lawyer... [01:55]
* [\] has quit (Ping timeout: 260 seconds) [01:55]
mircea_popescu use your noggin for thinking : if my return from hanging out here were actually negative, i wouldn't or else i'd have you sent off. [01:55]
ThickAsThieves` that sentence [01:56]
snackman make no sense [01:56]
mircea_popescu what srsly ? [01:56]
mircea_popescu i'm just saying, talking to random peeps on irc isn't stressing me, it's mildly enjoyable. [01:57]
BingoBoingo mircea_popescu: Clarification on a much earlier point of yours. No lawyers presentinga criminal defense, but lawyers are fine arguing in civil cases? [01:57]
mircea_popescu BingoBoingo sure. the worst they can do is lose you some money. [01:57]
BingoBoingo Fuck, I think I've been doing this legal shit backasswards. [01:57]
mircea_popescu that's no different from hiring a plumber. [01:57]
dub the guy donated $12k to you, might sa well hang out on irc [01:57]
assbot [HAVELOCK] [NEOBEE] 148 @ 0.0028 = 0.4144 BTC [+] [01:58]
mike_c well, to the shareholders [01:58]
dub shit, throw him some blog credits, he earned it [01:58]
mike_c he also drummed up a lot of new business [01:58]
mircea_popescu no cause he insultged my megalomania by claiming my troll counter is megalomaniac [01:59]
dub mp is 80% of shareholders tho [01:59]
mike_c nah [01:59]
mircea_popescu dub no i'm not, im under 50% [01:59]
* [\]_u has quit (Ping timeout: 246 seconds) [01:59]
dub orly [01:59]
* [\] (~imsaguy@unaffiliated/imsaguy) has joined #bitcoin-assets [01:59]
snackman mircea_popescu: bets are weighted, so late bets do not disturb the force field [01:59]
mircea_popescu yesrly. kako and i have ~35% + w/e didn't sell of the 30% put on sale. [01:59]
jamespeerless why do you even have share holders? why not just run it yourself? [01:59]
mircea_popescu snackman except if the bet closes early, cause that means the weight was out of whack. [01:59]
mircea_popescu jamespeerless i'm trying to build bitcoin into an actual thing. [02:00]
jamespeerless by running a gambling website? [02:00]
mircea_popescu by running all sorts of things correctly. [02:00]
BingoBoingo jamespeerless: A great gambling website. I've won moar there than I lost on Satoshidice. [02:00]
turbo_ac100 prediction market. please! [02:00]
ThickAsThieves` maybe bitbet should have a setting for each bet for rate of weight loss [02:00]
ThickAsThieves` a curve [02:00]
mircea_popescu ThickAsThieves` it was in the original spec [02:01]
mircea_popescu we cut it out, because curve notation is more than the average person can grok mentally [02:01]
snackman mircea_popescu: are you satoshi? [02:01]
mircea_popescu and having it graphical turned out to be insanely difficult. [02:01]
ThickAsThieves` so use gfx [02:01]
snackman mircea_popescu: if you are, i take everything back, the megalomania is justified [02:01]
ThickAsThieves` make 3 options [02:01]
mike_c same rationale as 3-way resolutions [02:01]
mircea_popescu snackman no, i'm nick szabo. [02:01]
snackman mircea_popescu: so that's a yes [02:01]
ThickAsThieves` fast regular slow [02:01]
BingoBoingo ThickAsThieves`: What's next? Allowing bet creators to specify elliptic curves the bet weight passes through as it degrades over time? [02:01]
mircea_popescu ThickAsThieves` what's wrong with just setting the weight end point to 80k or w.e ? [02:01]
ThickAsThieves` yes, thats what we are talking about [02:01]
dub appears we are past acceptance and into the dick slurping phase of grief [02:02]
ThickAsThieves` i think maybe i misunderstood end weight all along [02:02]
ThickAsThieves` which now seems obvious [02:02]
mircea_popescu ThickAsThieves` and you wanteds me to implement splines. [02:02]
snackman mircea_popescu: admit it dude [02:03]
snackman mircea_popescu: this entire escapade of mine was to test your style [02:03]
mircea_popescu o, there was deeper meaning ? [02:03]
snackman mircea_popescu: lol of course [02:03]
mircea_popescu i like it when there's deeper meaning [02:03]
ThickAsThieves` admit what snackman did mp [02:03]
* mike_c has quit () [02:03]
* [\] has quit (Ping timeout: 246 seconds) [02:03]
snackman and what i assumed was confirmed beyong expectation [02:04]
snackman beyond*, as typos are made when you're excited [02:04]
Duffer1 if true then your actions are too meta for me to grock.. [02:04]
mircea_popescu Duffer1 it probably has something to do with post communism. [02:05]
Duffer1 oh lawd you're not helping mp lol [02:05]
BingoBoingo snackman: The simple answer is to get your bets in much earlier. As close to opening as possible. Just draw a bullseye on a piece of paper and jack off. If more cum is on the right bet yes. On the left bet no. [02:05]
snackman mircea_popescu: not being engrained into mainstream economics by birth certainly helped you [02:05]
snackman BingoBoingo: the conversation moved on, screw the play money, i have a much bigger fish to catch [02:06]
mircea_popescu BingoBoingo do you have a bitbeteratorium ? [02:06]
benkay snackman: fishing for buttcorns? [02:06]
ThickAsThieves` sending an email to wikimedia re: donation request pop-up: [02:06]
ThickAsThieves` No bitcoin option? Fairweather friends get no shine. [02:07]
BingoBoingo mircea_popescu: Maybe? Maybe instead of the paper bullseye though I hire a pair of tits. I'm trying to imagine snackman's budget though. [02:07]
snackman benkay: i have enough, thank you. i got in early [02:07]
benkay snackman: your aggro over 10 seems unwarranted then [02:07]
mircea_popescu it's incredible how many people that got in early showed up late. [02:07]
mircea_popescu we'd have never guessed in like, 2012. [02:07]
BingoBoingo snackman: Actually in IRC everything is roughly on topic for at least 24 hours after it was last mention provided you scroll up [02:07]
benkay snackman holds all the buttcorns. it's his private pre-mined altcoin, mircea_popescu, not actual bitcoins. [02:08]
snackman benkay: please read the last 5 minutes. the entire thing was an act, carefully orchestrated, and mircea_popescu fell for it graciously [02:08]
benkay that's what he means by "got in early" [02:08]
* BitOTTer842 ( has joined #bitcoin-assets [02:08]
BingoBoingo mircea_popescu: To be fair before you showed it was pretty much just the dev circle jerk and the Silk Road honey pot [02:08]
mircea_popescu then mp said "let there be tits1 [02:09]
mircea_popescu and lo tits rain galoare. [02:09]
BingoBoingo snackman: I'll give you 5,000,000 Satoshis for a sharpie in the pooper pic with BB written on your asscheeks [02:10]
snackman BingoBoingo: the address is up there [02:10]
snackman it's not mine btw [02:10]
* kleeck has quit (Ping timeout: 245 seconds) [02:10]
BingoBoingo snackman: It honestly is seeming now like nothing is yours, but the cold embrace of nothingness. How is the void? [02:11]
assbot [HAVELOCK] [CBTC] 10090 @ 0.0001011 = 1.0201 BTC [-] {2} [02:12]
dub ThickAsThieves`: considering half of wikimedia corp is gmaxwells sausage wallet, they've probably consdired it [02:12]
snackman he who own's the keys owns the coins. and he who own's the void owns... [02:12]
snackman shit [02:12]
dub clearly it didnt rustle jimmies jimmies [02:13]
snackman i have found satoshi [02:13]
* zboralski has quit (Ping timeout: 260 seconds) [02:14]
assbot [HAVELOCK] [NEOBEE] 936 @ 0.00278769 = 2.6093 BTC [-] {2} [02:14]
* HaltingState (~HaltingSt@unaffiliated/haltingstate) has joined #bitcoin-assets [02:14]
BingoBoingo snackman: Nah, for that you'd have to check someone's freezer [02:14]
snackman BingoBoingo: why do you think that? [02:15]
snackman BingoBoingo: why actually kill him to prevent his coins from crashing the market? why not just delete his keys? [02:15]
BingoBoingo snackman: Dude invented a cryptocurrency and was paranoid as fuck? Satoshi is probably mooching off of pizza rolls someone else's mom bought [02:16]
snackman BingoBoingo: i thought you meant in someone's freezer meant dead [02:16]
BingoBoingo snackman: Who the fuck are you Jeffery Damer? [02:16]
dub he certainly eats some penus [02:17]
snackman BingoBoingo: sorry, pills [02:17]
snackman BingoBoingo: work both ways [02:17]
mircea_popescu you're too young to be taking pills. [02:17]
BingoBoingo mircea_popescu: Moar like not ratchet enough... [02:18]
BingoBoingo ;;ud ratchet [02:18]
gribble | A diva, mostly from urban cities and ghettos, that has reason to believe she is every mans eye candy. Unfortunately, she's wrong. Typical signs to ... [02:18]
ozbot Urban Dictionary: ratchet [02:18]
snackman mircea_popescu: i lived long enough to witness your birth [02:18]
snackman ;;ud subhuman romanian nigger scum [02:19]
gribble | ... Europe (Poland, Romania or Russia), whose family names often ended with "ki " ... Neo-Nazi scum claim that "kikes" control both major US political parties and ... [02:19]
ozbot Urban Dictionary: kike [02:19]
mircea_popescu snackman [02:20]
snackman mircea_popescu: haha where did you get that pic? [02:21]
mircea_popescu S.NSA [02:21]
* zboralski (~az@ has joined #bitcoin-assets [02:21]
BingoBoingo S.NSA is gunna kill SnapChat [02:22]
jamespeerless mircea_popescu: why have separate addresses for each bet instead of just a single address that holds bets for YES and NO? [02:22]
kakobrekla [02:22]
ozbot #bitcoin-assets log [02:22]
kakobrekla o yeah fuck alomost forgot! [02:22]
mircea_popescu jamespeerless how do you identify who sent which ? [02:22]
BingoBoingo jamespeerless: So people can continue betting on the same position [02:23]
mircea_popescu there's numerous advantages. [02:23]
jamespeerless mircea_popescu: can't you read the from address in the transaction block? [02:23]
mircea_popescu you can but you don't want to, because this way people can send from webwallets or w/e [02:23]
BingoBoingo Sometimes you wanna hedge. Sometimes you wanna take all of the position. [02:23]
* truffles has quit (Ping timeout: 248 seconds) [02:24]
jamespeerless why can't they send from web wallets if you did a single address per bet option [02:24]
assbot [HAVELOCK] [AM1] 45 @ 0.33513812 = 15.0812 BTC [-] {3} [02:24]
mircea_popescu cause if 5 peopel sent from the same wallet to the same bet your identifiocation scheme would fail [02:24]
mircea_popescu also because if i sent the winnings to the address that sent the bet people would end up fucked if they sent from a wallet. [02:24]
mircea_popescu (as most wallets don't have any way to associate their payment system to their users) [02:25]
assbot [HAVELOCK] [NEOBEE] 2539 @ 0.0028 = 7.1092 BTC [+] [02:25]
snackman nice [02:25]
snackman everything here is a scam [02:25]
jamespeerless hm I guess I don't understand "wallets" enough then.. i thought an address was an address [02:25]
snackman even mike_c didn't send his promised coins [02:25]
ThickAsThieves` lol [02:25]
mircea_popescu not practical for a web wallet to allocate addresses to users [02:25]
mircea_popescu because it has to coldstore its btc [02:25]
jamespeerless ah got it [02:26]
jamespeerless makes sense [02:26]
mircea_popescu snackman maybe he didn't include a tx fee ? [02:26]
jamespeerless seems like most wallets let you generate receiving addresses though [02:26]
snackman mircea_popescu: bahahhaahah [02:26]
mircea_popescu receiving yes. but they pay from wherever is convenient. [02:26]
ThickAsThieves` i like that setup [02:26]
snackman mircea_popescu: what a jew indeed [02:26]
Vexual i just went to my local casino and tried betting after the bell. Apparently the chips go to the house. [02:26]
snackman maybe i will meet him in the synagoge on saturday [02:26]
ThickAsThieves` very convenient when you have coins in 10 diff places [02:26]
mircea_popescu it dioes have its advantages [02:27]
BingoBoingo ThickAsThieves`: Who doesn't spread their coins over at least 7 places? [02:27]
* jamespeerless has quit (Quit: jamespeerless) [02:27]
assbot [HAVELOCK] [NEOBEE] 250 @ 0.00288 = 0.72 BTC [+] [02:27]
ThickAsThieves` Jesus doesn;t [02:27]
mircea_popescu bitcoin jesus ? [02:27]
ThickAsThieves` which one? [02:27]
mircea_popescu Pietilla Maxwell Von Ver ? [02:28]
BingoBoingo stephengandel, that Bitcoin Jesus [02:28]
ThickAsThieves` whatever happened to IceDrill anyway? [02:30]
snackman mircea_popescu: btw, how much did you cash out? [02:30]
snackman when btc hit 1kusd? [02:30]
assbot [HAVELOCK] [NEOBEE] 76 @ 0.00289 = 0.2196 BTC [+] [02:30]
kakobrekla lol [02:30]
benkay "cave early" [02:30]
BingoBoingo Unless we get into some weird gnostic Bitcoin theology where Amir Taaki was Satoshi/Jesus and then gave himself downs syndrome to hide his secret. [02:30]
snackman benkay: ? [02:31]
mircea_popescu BingoBoingo satoshi wasn't a virgin. [02:31]
* OneFixt_ (~OneFixt@unaffiliated/onefixt) has joined #bitcoin-assets [02:31]
* zboralski has quit (Ping timeout: 260 seconds) [02:31]
BingoBoingo mircea_popescu: At some point he/she/monkeyfuckingapig was... [02:31]
* hammurabi (~muaddib@ has joined #bitcoin-assets [02:31]
Vexual vd in the orginal code? [02:32]
mircea_popescu well at that point satoshi wasn't satoshi yet. [02:32]
benkay well gosh snackman read the log for the past 10 days then you might have a clue as to the references [02:32]
BingoBoingo Considering earlier references in this channel has anyone seen Amir's hair yet? [02:33]
ThickAsThieves` [02:33]
ozbot IceDrill.ASIC: a DigiMex project [02:33]
ThickAsThieves` digital mexicoins! [02:33]
mircea_popescu what's with the .io stuff anyway ? [02:33]
mircea_popescu they're all scams! [02:33]
* LorenzoMoney1 ( has joined #bitcoin-assets [02:33]
* LorenzoMoney1 has quit (Changing host) [02:33]
* LorenzoMoney1 (~LorenzoMo@unaffiliated/lorenzomoney) has joined #bitcoin-assets [02:33]
* FabianB_ (~FabianB@unaffiliated/fabianb) has joined #bitcoin-assets [02:33]
* CheeseDooles (~cheeseDoo@ has joined #bitcoin-assets [02:34]
ThickAsThieves` mexicoin, possibly the best name for a nationcoin? [02:34]
ThickAsThieves` vaticoin [02:34]
kakobrekla i liked the .io a lot cause of the jupiters moon [02:34]
asciilifeform sovcoin. [02:34]
* FabianB has quit (Ping timeout: 246 seconds) [02:34]
* LorenzoMoney has quit (Ping timeout: 246 seconds) [02:34]
mircea_popescu kakobrekla ya but then they went and inputsio'd all over it [02:34]
mod6 i used Io once as a a scabble word and was rejected :( [02:34]
kakobrekla yea :( [02:34]
mircea_popescu (dunno if that cognate works in somalian. to enstinken) [02:35]
* OneFixt has quit (Ping timeout: 246 seconds) [02:35]
mircea_popescu chococoin [02:35]
mircea_popescu backed by vanilla. [02:35]
BingoBoingo Well, we will know when we've hit forbidden territory when .Europa happens. [02:35]
* OneFixt_ is now known as OneFixt [02:36]
ThickAsThieves` so icedrill has oodles of hardware, just none that mines? [02:36]
ThickAsThieves` [02:36]
ozbot IceDrill.ASIC: a DigiMex project [02:36]
ThickAsThieves` oops [02:36]
ThickAsThieves` [02:36]
ozbot IceDrill.ASIC DC visit [02:36]
ThickAsThieves` ethere they are [02:37]
ThickAsThieves` what a nightmare [02:37]
dexX7 nono [02:37]
dexX7 they only have a space here afaik: [02:37]
dexX7 and are waiting for hashfast units [02:37]
ThickAsThieves` i heard hashfast is scamming [02:38]
asciilifeform what part of this couldn't have been filmed by a bored sysop anywhere on the planet? [02:38]
* arcticwolf has quit (Ping timeout: 240 seconds) [02:38]
kakobrekla hehe BingoBoingo :) [02:38]
mircea_popescu asciilifeform the girl. [02:39]
BingoBoingo I know you got the reference kakobrekla [02:39]
* kleeck ( has joined #bitcoin-assets [02:39]
mircea_popescu o wait, nm. wrong webpage. [02:39]
* zboralski (~az@ has joined #bitcoin-assets [02:39]
* cazalla has quit (Quit: ZNC - [02:39]
kakobrekla yeah, teh avatar is dead giva away [02:39]
kakobrekla giveaway [02:40]
* mike_c (~mike_c@unaffiliated/mike-c/x-9105598) has joined #bitcoin-assets [02:40]
BingoBoingo The only problem with HAL is that the contractor's specs insisted he be programmed to run on a Java Virtual Machine [02:40]
kakobrekla :D [02:40]
Kleeck_ ThickAsThieves`, are you joking about HashFast scamming? [02:41]
asciilifeform maybe i'm just behind the times. but, picture some bozo: 'i'ma build a skyscraper. here's lots of pictures of my bulldozers, cranes! here's some cement mixers!' [02:41]
Kleeck_ No. You are current with the times. [02:42]
ThickAsThieves` Kleeck I am not joking [02:42]
Kleeck_ I could walk into my datacenter and snap a bunch of awesome pictures. It doesn't mean I'm mining a damn thing. [02:42]
Kleeck_ ThickAsThieves`, any data that lead you that direction? I have no skin in that game, but I've wondered. It's just a hunch. [02:43]
ThickAsThieves` a friend is considering legal counsel against Hashfast [02:43]
asciilifeform the sane people version: 'built a skyscraper. here's what it'll cost ya per sq. m. come in?' [02:43]
mike_c snackman: have some faith! my wallet is sync'ing. you'll have it soon. [02:43]
ThickAsThieves` that's all i know [02:43]
Kleeck_ Due to the delays? [02:43]
ThickAsThieves` i didnt ask for details [02:43]
ThickAsThieves` he was looking for a referral [02:43]
mike_c transactions aren't instantaneous you know ;) [02:43]
Kleeck_ I see. [02:43]
Kleeck_ Not YET, mike_c [02:44]
snackman mike_c: hope dies last [02:44]
dexX7 hashfast is not shipping/delayed more than a month now [02:44]
Kleeck_ Don't they have a compensation program? [02:44]
dexX7 they have some strange refund policies, if you mean that [02:45]
snackman ThickAsThieves`: why is hashfast scamming? [02:45]
* cazalla (cazalla@2400:8900::f03c:91ff:fedb:949f) has joined #bitcoin-assets [02:45]
ThickAsThieves` same reason as all scammers i assume [02:45]
ThickAsThieves` it was the plan, or it became the plan [02:45]
asciilifeform man jumps in front of moving bus. considers legal action against bus. [02:46]
Kleeck_ The cost of being legit is far less appealing than the old "cut and run" I'd assume. [02:46]
* truffles ( has joined #bitcoin-assets [02:48]
mircea_popescu asciilifeform originally this started as a hobbyst project. [02:48]
mircea_popescu people don't have 10k laying around the house. [02:49]
mircea_popescu consequently, the first fpga's were pretty much a potluck affair [02:49]
mircea_popescu that system worked [02:49]
mircea_popescu (everyone delivered, even bfl) [02:49]
mircea_popescu it was stretched past its usability into insanity by a desperate desire and need for stability. bitcoin doesn't offer much of that, [02:49]
mircea_popescu so people naturally tried to stick to what works [02:49]
mircea_popescu that's pretty much the story of how we ended up with the insanity. [02:50]
mircea_popescu Kleeck_ people fail to correctly value reputations. [02:51]
Kleeck_ There is some truth to that, mircea_popescu. [02:51]
* tyrion70 has quit (Read error: Connection reset by peer) [02:51]
mircea_popescu there's a lot of truth to it. let's lay it out : bozo comes in when bitcoin is 1 year old, can start a reputation within a week and be doing business within am onth. [02:52]
mircea_popescu he imagines the value of this is 1 month. [02:52]
* tyrion70 (~Adium@unaffiliated/tyrion70) has joined #bitcoin-assets [02:52]
mircea_popescu two years later, he needs to be 1 year+ old to be even considered, because now bitcoin is 4 years old. [02:52]
BingoBoingo Seems for Litecoin devotees this insanity is going to be magnified as CoinDesk has just reprinted so many people's "press releases" about impending litecoin ASICs and if a single manufacterer delivers it will have meant Litecoin skipped that awkward FPGA adolescence while still staying a fraction of a fraction of bitcoin [02:52]
mircea_popescu he goes on forum as a week old and is shocked at how mean people are, telling him to do 6 motynhs + of reading before he opens his mouth again [02:53]
mircea_popescu somewhere in there he failed to account for the fact that having kept his reputation intact for those two years is just about as valuable as having kept his bitcoins for two years. [02:53]
assbot [HAVELOCK] [NEOBEE] 830 @ 0.00289 = 2.3987 BTC [+] [02:54]
mircea_popescu in fact, everyone evaluates their bitcoin exposure in terms of what their bitcoin holdings are. this is about half the story. [02:54]
mircea_popescu the other half is your wot account. [02:54]
Kleeck_ I agree. [02:54]
mircea_popescu BingoBoingo i dunno that anyone will ever deliver ltc asics. putting all that memory on a chip is not trivial. [02:55]
assbot [HAVELOCK] [NEOBEE] 568 @ 0.00289784 = 1.646 BTC [+] {3} [02:56]
mircea_popescu ironically because of scrypt, fpgas are actually a much better choice for ltc than asics [02:56]
mircea_popescu unless, of course, you're sony or something. [02:56]
* CheckDavid has quit (Quit: Leaving) [02:56]
BingoBoingo mircea_popescu: Well I figure for some unknow n^th announcement one person or group will inevitably be crazy enough to produce the asics [02:56]
assbot [HAVELOCK] [NEOBEE] 294 @ 0.0029 = 0.8526 BTC [+] [02:57]
* DefectiveNu1 ( has joined #bitcoin-assets [02:57]
* DefectiveNu has quit (Disconnected by services) [02:57]
mircea_popescu if such things were a function of people's crazyness... [02:57]
assbot [HAVELOCK] [NEOBEE] 78 @ 0.0029 = 0.2262 BTC [+] [02:58]
mircea_popescu things like "some chick is crazy enough to produce a pic of a large wooden object stuck in her snatch" is one thing [02:58]
mircea_popescu "some guy makes an airplane" is altogether different [02:58]
BingoBoingo For all we know the person bankrolling LTC ASICs could be Curt Schilling and the Engineer could be some kid he picked on in highschool who merely has to fulfill the objective of making any LTC capable scrypt ASIC at all. Not necessarily anything close to a profitable scrypt asic. [02:59]
mircea_popescu for all we know i'm satoshi, and you're snackman [02:59]
BingoBoingo Of course. Maybe I'm Usagi? [02:59]
assbot [HAVELOCK] [NEOBEE] 392 @ 0.0029 = 1.1368 BTC [+] [03:00]
mircea_popescu you got too big tits and too much beard to be usagi. [03:00]
* tbcoin_ ( has joined #bitcoin-assets [03:00]
cazalla thought Curt Schilling was bankrupt after his no show mmorpg [03:01]
BingoBoingo I may have plenty of beard, but I'll be damned if my tits are bigger than a grown man named Oliver's. [03:01]
mircea_popescu cazalla me too actually. [03:01]
* tbcoin has quit (Read error: Connection reset by peer) [03:01]
BingoBoingo cazalla: Bankruptcy is just a fresh start [03:01]
mircea_popescu BingoBoingo well one's enough. [03:01]
snackman mircea_popescu: i'm snackman [03:01]
benkay no i'm snackman [03:01]
* turbo_ac100_ ( has joined #bitcoin-assets [03:01]
* DefectiveNu1 has quit (Ping timeout: 240 seconds) [03:01]
* BingoBoingo is now known as ManSnack [03:02]
* AusBitBank ( has joined #bitcoin-assets [03:02]
cazalla i don't know if any of you played EQ but Curt Schilling was a regular on fohguild forums [03:02]
ManSnack cazalla: That dork probably plays WoW too. [03:02]
assbot [HAVELOCK] [NEOBEE] 47 @ 0.0029 = 0.1363 BTC [+] [03:03]
* turbo_ac100_ has quit (Client Quit) [03:05]
* turbo_ac100 has quit (Ping timeout: 260 seconds) [03:05]
snackman mike_c: you scammed me out of 1000 uBTC [03:06]
snackman what is this shit [03:06]
mike_c naw, hang on [03:06]
snackman i'm getting scammed left and right [03:06]
mike_c 1 minute [03:06]
snackman mkay [03:06]
ThickAsThieves` is this ltc asic news why it's rallying? [03:07]
ThickAsThieves` or a diff change? [03:07]
ThickAsThieves` or just cuz litecoin [03:07]
Vexual coz cant launder 10000 btc on one chain [03:08]
snackman mike_c: hilarious, it worked! thanks! [03:08]
mike_c double the promised sum because i loved your answer [03:08]
snackman mike_c: which one? [03:08]
* ManSnack is now known as BingoBoingo [03:08]
mike_c the "yes, i placed more bets on bitbet" [03:08]
snackman mike_c: :D [03:08]
snackman mike_c: but i did! [03:08]
mike_c i believe you [03:09]
BingoBoingo .d [03:09]
ozbot 707408283.05150 | Next Diff in 1231 blocks | Estimated Change: 24.8029% in 6d 10h 9m 7s [03:09]
* LorenzoMoney (~LorenzoMo@unaffiliated/lorenzomoney) has joined #bitcoin-assets [03:09]
* LorenzoMoney1 has quit (Ping timeout: 246 seconds) [03:11]
snackman the first time i actually got some money out of bitbet [03:12]
snackman hilarious [03:12]
snackman thanks mike_c [03:12]
assbot [HAVELOCK] [NEOBEE] 103 @ 0.0029 = 0.2987 BTC [+] [03:12]
* gesell has quit (Read error: Connection reset by peer) [03:12]
assbot [HAVELOCK] [VTX] 10 @ 0.1558366 = 1.5584 BTC [-] {4} [03:12]
mike_c i'm not bitbet, but you're welcome. [03:13]
* gesell ( has joined #bitcoin-assets [03:14]
assbot [HAVELOCK] [CBTC] 8176 @ 0.00012548 = 1.0259 BTC [+] {5} [03:14]
* benkay has quit (Ping timeout: 246 seconds) [03:14]
* mjr_ has quit (Ping timeout: 252 seconds) [03:17]
* mjr_ (~Thunderbi@ has joined #bitcoin-assets [03:18]
* truffles has quit () [03:19]
mircea_popescu twist : snackman scammed mike_c by falsely claiming to have placed more bitbets [03:21]
BingoBoingo Also scammed mike_c's betting counterparty [03:22]
* FabianB (~FabianB@unaffiliated/fabianb) has joined #bitcoin-assets [03:23]
* mjoiii has quit (Ping timeout: 245 seconds) [03:23]
* zboralski has quit (Ping timeout: 260 seconds) [03:24]
* FabianB_ has quit (Ping timeout: 245 seconds) [03:24]
Vexual legals will be disproportinally large on 0.001 [03:25]
assbot [HAVELOCK] [AM1] 3 @ 0.34796684 = 1.0439 BTC [+] {3} [03:25]
mike_c i sent him 0.002, so it will be worth litigating in a year. [03:25]
Vexual just have your lawyer do the photocopying at your office [03:26]
* tbcoin_ has quit (Remote host closed the connection) [03:28]
* mjoiii (~Android@ has joined #bitcoin-assets [03:29]
* [\] (~imsaguy@unaffiliated/imsaguy) has joined #bitcoin-assets [03:31]
* Now talking on #bitcoin-assets [13:28]
* Topic for #bitcoin-assets is: || - most days worth reading || - all days worth reading [13:28]
* Topic for #bitcoin-assets set by kakobrekla!~kako@unaffiliated/kakobrekla at Wed Nov 27 22:34:53 2013 [13:28]
assbot [HAVELOCK] [CBTC] 1597 @ 0.00010121 = 0.1616 BTC [-] {2} [13:29]
mircea_popescu sooo... some sr contender nobody heard of had ~100k btc in its wallets ? [13:29]
KRS|gotyawallet wallet? where? [13:31]
* LorenzoMoney has quit (Read error: Connection reset by peer) [13:32]
mircea_popescu ;;google bitcoin sheep markety [13:32]
gribble Online black market members hunt down $100 million in bitcoins ...: ; Huge bitcoin heist: Black market drug shop Sheep Marketplace ...: [13:32]
mircea_popescu bbc has it at 5mn (ie, 5k btc, which seems reasonable) [13:33]
mircea_popescu verge, computerworld and the rest of the trade rags quite 100mn [13:33]
dub [13:34]
ozbot SkyJack - autonomous drone hacking [13:34]
mircea_popescu ha [13:35]
* djcoin_ has quit (Quit: djcoin_) [13:41]
mircea_popescu dub: [13:42]
mircea_popescu true to form the usual tard brigade took the bait, gmax and phantomcircuit << lawl. [13:42]
mircea_popescu dub i suppose someone should tell them my henchman snackman was jus' trolling them [13:42]
mircea_popescu kakobrekla : check it out, all lines by KRS|gotyawallet are blank. [13:43]
mircea_popescu BingoBoingo lol that got her well fuming. apparently it's some scammy thing that is trying to pretend like they're less scammy because they're associated with credible people, by the procedure of giving those people free shares they never asked for. [13:44]
kakobrekla blank? [13:44]
kakobrekla can you link to a particular blank line [13:45]
mircea_popescu ytes, and his name is misquoted [13:45]
KRS|gotyawallet can you describe the blank line, sir. [13:45]
mircea_popescu shit [13:45]
* gesell ( has joined #bitcoin-assets [13:45]
kakobrekla [13:45]
mircea_popescu i misread a blank line because your name is so long it bumps the table [13:45]
ozbot #bitcoin-assets log [13:45]
kakobrekla works? [13:45]
dub did they get piped to yr wallet [13:45]
kakobrekla a [13:45]
mircea_popescu my bad. [13:46]
KRS|gotyawallet see [13:46]
mircea_popescu dub who ? [13:46]
KRS|gotyawallet the magic behind my method is teh pipe [13:46]
mircea_popescu lol. i kept reading KRS : blabla, gotyawallet: blank line [13:46]
KRS|gotyawallet and I have a big pipe. [13:46]
kakobrekla hm it breaks at | eh [13:46]
kakobrekla stupid |. [13:47]
* ThickAsThieves ( has joined #bitcoin-assets [13:47]
pankkake there are some css options for tables to avoid it IIRC [13:47]
mircea_popescu asciilifeform actually, the application where you generate all bitcoin addresses whose private key is an ascii string [13:47]
mircea_popescu is probably going to make someone a few bitcoin down the road. [13:48]
mircea_popescu dub: [13:49]
mircea_popescu bonus points for firing acetone charged magnets at the sun to generate extra gamma particles <<< bwhaahahajh omfg [13:49]
mircea_popescu ;;rated dub [13:49]
gribble You rated user dub on Wed Dec 19 17:11:23 2012, with a rating of 1, and supplied these additional notes: he's been around a while.. [13:49]
mircea_popescu well i ain't changing that, but you should start your own troll school./ [13:49]
KRS|gotyawallet i lost my gpg key..should have known better than to create it on a company computer =/ [13:50]
mircea_popescu never create on company computers [13:50]
mircea_popescu they're paying you not to. [13:50]
KRS|gotyawallet you'd think i'd know better being in IT 14+ years..did it on my laptop..just too lazy. [13:51]
pankkake can you change your OTC GPG key? [13:51]
mircea_popescu not really. [13:51]
KRS|gotyawallet i dont work any more..i just do this stuff now..ty btc [13:51]
pankkake that sucks [13:51]
mircea_popescu no it doesn't. [13:51]
mircea_popescu suppose i show up one day to find my gpg key was helpfully changed. [13:52]
pankkake actually, you can. changekey command [13:52]
KRS|gotyawallet i've got 20 btc on a hard drive around here somewhere but i'm just too lazy to find it.. meh [13:52]
mircea_popescu um [13:52]
pankkake I'm thinking of changing mine to a stronger one [13:52]
mircea_popescu ;;changekey [13:52]
gribble (changekey ) -- Changes your GPG registered key to . is a 16 digit key id, with or without the '0x' prefix. We look on servers listed in 'plugins.GPG.keyservers' config. You will be given a random passphrase to clearsign with your key, and submit to the bot with the 'verify' command. You must be authenticated in order to use this command. [13:52]
mircea_popescu well ya but this presumes you have the old one. [13:52]
KRS|gotyawallet oh kickass [13:52]
KRS|gotyawallet =/ [13:53]
pankkake of course [13:53]
mircea_popescu a nm then [13:53]
mircea_popescu i was thinking fo the other case. [13:53]
mircea_popescu as he had said he lost his. [13:53]
pankkake yeah… [13:53]
pankkake didn't save a revocation stuff either? [13:53]
KRS|gotyawallet i quit and told them they could keep their fucking laptop..think they'll let me get my shit off it? [13:54]
mircea_popescu ask nicely the chick in hr with the big boobs [13:54]
KRS|gotyawallet she's more petite and has braces..Mmmm.. [13:54]
San1ty saulimus Scrat sgnb` skinnkavaj smickles smidge stephengandel [13:55]
mircea_popescu ;;later tell benkay [13:56]
gribble The operation succeeded. [13:56]
jamespeerless micea_popescu: continuing discussion from yesterday.. since you have a new address per user per bet, don't you end up with a ton of addresses with a tiny amount of coin in them? what do you do with them once the bet is over? [13:57]
* valparaiso (~Terse@pdpc/supporter/active/valparaiso) has joined #bitcoin-assets [13:57]
mircea_popescu jamespeerless not moreso than the average site taking bitcoin [13:58]
mircea_popescu if you look at the stats, Confirmed bets: 7123 Confirmed total: 9,728 BTC [13:58]
mircea_popescu that means the avg bet is > 1btc [13:58]
jamespeerless good point [13:58]
mircea_popescu bitpay wishes it could say the same thing [13:58]
jamespeerless :P [13:59]
mircea_popescu what are you gonna do, you know ? consolidate them. [13:59]
mircea_popescu there is some discussion on this topic over at [14:00]
mircea_popescu ;;google bitcoind not ready for prime time [14:00]
mircea_popescu meh no gribs ? [14:00]
gribble Western Union Says Bitcoin Not Ready For Primetime – Bitcoin ...: ; Bitcoin's New All-time High: Exploring the Latest Bubble – Bitcoin ...: ; Western Union Says Bitcoin Not Ready For Primetime - Kitco (1 more message) [14:00]
mircea_popescu [14:00]
Duffer1 has bitcoin already surpassed western union in terms of value transmitted? [14:01]
* toffoo has quit () [14:01]
ozbot Bitcoind : not quite ready for prime time pe Trilema - Un blog de Mircea Popescu. [14:01]
mircea_popescu Duffer1 it's impossible to accurately calculate the value bitcoin transmits [14:01]
jamespeerless wow just sad that [14:04]
jamespeerless sounds pretty crappy [14:04]
jamespeerless read* [14:04]
mircea_popescu well... it's a prototype. [14:04]
mircea_popescu not intended to be put into production. [14:04]
* lewicki (~lewicki@unaffiliated/lewicki) has joined #bitcoin-assets [14:06]
jamespeerless so because of these limitations sounds like you need to do some manual work to resolve payouts [14:06]
assbot [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+] [14:06]
mircea_popescu well 1. payouts are done with a lot of human supervision anyway ; [14:09]
mircea_popescu 2. i doubt anyone uses unpatched bitcoin code anymore. [14:09]
mircea_popescu as best as i can determine everyone is on some trunk from .4 to .6 with a bunch of in house patches [14:10]
mircea_popescu it's possible that a significant chunk of users (by headcount) are on .7/.8 or w/e [14:10]
assbot [HAVELOCK] [NEOBEE] 500 @ 0.0029 = 1.45 BTC [+] {2} [14:11]
mircea_popescu however, wallets made by those versions won't see a significant chunk of actual bitcoins... likely ever. [14:11]
jamespeerless by the newer versions? why not? [14:11]
mircea_popescu cause the credibility of the dev team is somewhere between nil and epsilon [14:11]
jamespeerless heh [14:11]
assbot [HAVELOCK] [NEOBEE] 300 @ 0.0029 = 0.87 BTC [+] {2} [14:12]
jamespeerless so your outlook on the future of bit coin protocol is bleak? [14:12]
mircea_popescu im not sure what you're asking. [14:12]
mircea_popescu but anyway, rather than have you shoot in the dark, here's the story : [14:12]
jamespeerless if you're saying the current dev's contributing to bit coin are no good and its clear bit coin will require more work to be 'production ready' then without some change the future is bleak [14:13]
jamespeerless is what i meant [14:13]
mircea_popescu 1. bitcoin was released as a prototype. that means something specific, and what it means doesn't include "to be used for any actual purpose". prototypes are there to test. [14:13]
mircea_popescu 2. people started using it anyway, because it was there. this is how things usually work. [14:13]
mircea_popescu 3. once satoshi left the dev team never recovered. it's roughly what the linux dev team would be if linus left. [14:13]
mircea_popescu basically a collection of people with poor iq and worse skills, hanging on because they perceive this as sexy, and imagine hanging on makes them somehow important. [14:14]
* lewicki has quit (Ping timeout: 246 seconds) [14:14]
mircea_popescu 4. at the right time (ie 2012) i pointed out to them that their only chance to maintain any semblance of relevance is to fully specify the code. [14:15]
mircea_popescu this, obviously, is a very hard task. they, aware of their intellectual limitations, eschewed this task. [14:15]
mircea_popescu 5. the situation has evolved in the exact direction i was expecting : absent a specification everyone is using their own in house concoctions. [14:15]
ThickAsThieves i smell a blog post coming on [14:16]
mircea_popescu this will aggravate over time, with miners and large merchants all pushing on the code, [14:16]
jamespeerless how can it work if everyone is using their own in-house modified version yet they all need to communicate together [14:16]
mircea_popescu and with "the network accepts it" as pretty much the only measure of good or evil. [14:16]
mircea_popescu well that's just it, the network blindly decides. [14:16]
mircea_popescu this will be a major resource black hole in the coming years, but it does not threaten the system itself. [14:17]
mircea_popescu if anything, it makes the system stronger. [14:17]
KRS|gotyawallet the anatomy of a blog post [14:17]
mircea_popescu it DOES however threaten any one actor, and ESPECIALLY actors acting on deluded presumptions, [14:17]
mircea_popescu such as the snackman kid. [14:17]
jamespeerless doesn't this lend itself to a couple big corps from releasing their own widely adopted forks.. similar to os x and the 5000 flavors of linux? [14:18]
assbot [MPEX] [S.MPOE] 13545 @ 0.00081026 = 10.975 BTC [-] [14:18]
mircea_popescu no. [14:18]
mircea_popescu because, again, bitcoin is about money. [14:18]
mircea_popescu as long as those big corps don't actually have big btc, they aren't big corps [14:18]
mircea_popescu they just thing themselves big. [14:18]
ThickAsThieves how does one "release" a "widely adopted" fork? [14:18]
mircea_popescu exactly. [14:18]
mircea_popescu 0.8 is a widely adopted fork. [14:18]
mircea_popescu so ? [14:18]
pankkake see web browsers and web servers [14:19]
mircea_popescu i've had people spend 1000s of hours modelling this point, as it's the one most important point in all bitcoin [14:19]
jamespeerless yeah guess as long as they don't have any way to make money off of it, it won't happen [14:19]
mircea_popescu i'm not seeing anything particularly worrisome [14:19]
pankkake or, in p2p, the most popular networks: ed2k and bittorrent [14:19]
pankkake so many implementations talking to each other [14:19]
mircea_popescu ThickAsThieves i suppose i should put this up ion trilema too, even out the chances of teh populous a little. [14:20]
ThickAsThieves plus you need to have any new predictions in published record :) [14:20]
ThickAsThieves so i can scowl with happiness at you in the future [14:20]
mircea_popescu lol this is more like predictions of the past [14:20]
* sayonara (~sayonara@unaffiliated/sayonara) has joined #bitcoin-assets [14:21]
ThickAsThieves yes, but you can apply your thought to the current state of things, allowing for new more appropriate predictions [14:21]
* MobGod_ is now known as MobGod [14:22]
ThickAsThieves like the disbandment of the dev team maybe? [14:22]
* MobGod is now known as Guest40761 [14:22]
ThickAsThieves i suppose theyll claim the title long afte rthey cease work [14:22]
mircea_popescu why should they be disbanded ? let the kids have fun. [14:23]
mircea_popescu foundations, conferences, is how discoveries are made in sciences too neh ? [14:23]
ThickAsThieves well if you count "outreach" maybe [14:24]
assbot [HAVELOCK] [NEOBEE] 150 @ 0.0029 = 0.435 BTC [+] [14:24]
ThickAsThieves ;;ticker [14:28]
gribble MtGox BTCUSD ticker | Best bid: 1191.00001, Best ask: 1198.0, Bid-ask spread: 6.99999, Last trade: 1191.0, 24 hour volume: 17070.52954069, 24 hour low: 1105.0, 24 hour high: 1209.989, 24 hour vwap: 1157.24439 [14:28]
ThickAsThieves ;;nethash [14:28]
gribble 6400549.04237 [14:28]
ThickAsThieves that hasnt moved in like a day or two [14:28]
ThickAsThieves like, exactly the same number [14:28]
ThickAsThieves seems broken [14:29]
mircea_popescu ;;ticker --bitstamp [14:29]
gribble (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market |all]) -- Return pretty-printed ticker. Default market is Mtgox. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure (1 more message) [14:29]
mircea_popescu meh [14:29]
assbot [HAVELOCK] [AM1] 2 @ 0.33318358 = 0.6664 BTC [-] [14:29]
mircea_popescu ;;ticker --market bitstamp [14:29]
gribble Bitstamp BTCUSD ticker | Best bid: 1095.66, Best ask: 1097.0, Bid-ask spread: 1.34000, Last trade: 1097.0, 24 hour volume: 10080.51725385, 24 hour low: 1037.5, 24 hour high: 1100.0, 24 hour vwap: 1065.90371392 [14:29]
ThickAsThieves .d [14:29]
ozbot 707408283.05150 | Next Diff in 1153 blocks | Estimated Change: 23.7524% in 6d 2h 27m 16s [14:29]
ThickAsThieves .b [14:29]
ThickAsThieves .q [14:29]
ThickAsThieves ;;estimate [14:30]
assbot [HAVELOCK] [NEOBEE] 200 @ 0.0029 = 0.58 BTC [+] [14:30]
gribble Next difficulty estimate | None based on data since last change | 894132728.373 based on data for last three days [14:30]
* Scrat has quit (Quit: WeeChat 0.4.0) [14:30]
KRS|gotyawallet anyone know if these guys are legit? [14:32]
ThickAsThieves if you have to ask [14:35]
* Enky has quit (Quit: Nettalk6 - [14:35]
KRS|gotyawallet =/ [14:35]
ThickAsThieves then you know the answer [14:35]
ThickAsThieves ;) [14:35]
KRS|gotyawallet haha come on one must question almost everything in bitcoin [14:35]
KRS|gotyawallet f'n sharks out there [14:35]
KRS|gotyawallet in here..everywhere. [14:36]
ThickAsThieves you missed my point [14:36]
ThickAsThieves i'll rephrase [14:36]
KRS|gotyawallet oh because there isnt enough to find out out which is making me ask [14:36]
ThickAsThieves if they have no rep, how could you trust them [14:36]
KRS|gotyawallet right..gotcha. [14:36]
KRS|gotyawallet thanks dude [14:36]
* CheeseDooles (~cheeseDoo@ has joined #bitcoin-assets [14:43]
mircea_popescu [14:45]
ozbot The future in the past pe Trilema - Un blog de Mircea Popescu. [14:46]
pankkake that's a lazy one… and you made me pay a few satoshi for it! [14:47]
mircea_popescu totally. [14:47]
mircea_popescu if you ain't cheatin' you ain't tryin'. [14:47]
* smidge has quit (Ping timeout: 240 seconds) [14:50]
ThickAsThieves [14:52]
ozbot Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week - Yahoo Finance [14:52]
ThickAsThieves so basically altcoins make ponzis legal' [14:52]
ThickAsThieves we'll have altcoins sponsoring football teams n shit [14:53]
ThickAsThieves celebrity "endorsements" etc [14:53]
* smidge ( has joined #bitcoin-assets [14:54]
KRS|gotyawallet HAH [14:55]
assbot [HAVELOCK] [HIF] 500 @ 0.00048971 = 0.2449 BTC [+] [14:55]
pankkake most of that "increase" is already gone [14:56]
pankkake welcome to the endless pump and dump [14:56]
pankkake by the way it was on the list: [14:57]
* jamespeerless has quit (Quit: jamespeerless) [14:57]
pankkake same for this infinitecoin actually [14:58]
* kleeck ( has joined #bitcoin-assets [14:58]
* truffles ( has joined #bitcoin-assets [15:00]
assbot [HAVELOCK] [NEOBEE] 177 @ 0.0029 = 0.5133 BTC [+] [15:01]
* fanquake (~anonymous@unaffiliated/fanquake) has left #bitcoin-assets [15:09]
* Troic is now known as Troc [15:16]
* Troc is now known as troc [15:21]
mircea_popescu lol yahoo nao pumping altchains ? [15:21]
ThickAsThieves [15:21]
ozbot Why Regulate Bitcoin? : The New Yorker [15:21]
ThickAsThieves "There may, however, be good cause for regulation. There have been several high-profile thefts of bitcoins recently, including a hacker attack last week on a Czech exchange called that emptied four thousand digital wallets belonging to customers. Also this month, an eighteen-year-old man in Australia who was running a Bitcoin “bank” announced that more than four thousand [15:22]
ThickAsThieves bitcoins had been stolen from his Web site, most of them belonging to users. In any industry, one of the strongest arguments in favor of regulation is the need for consumer protection—something bitcoin currently lacks." [15:22]
ThickAsThieves lol so US regulation will also help the Czech and Aus? [15:22]
mircea_popescu if one of the strongest arguments in favour of regulation really is the perceived need for consumer protection, [15:22]
pankkake I wasn't aware regulation prevented stealing [15:22]
mircea_popescu regulation has very poor chances. [15:23]
ThickAsThieves regulation can protect the whole internet guys [15:23]
ThickAsThieves cmon [15:23]
mircea_popescu adding to the amusement in romanian that verb basically means "to fuck" [15:23]
mircea_popescu a polite way of saying it, as "he set her straight, sexually speaking" would be in english [15:24]
* mjoiii (~Android@ has joined #bitcoin-assets [15:24]
* AusBitBank has quit (Ping timeout: 248 seconds) [15:24]
pankkake un bon coup de bite [15:24]
ThickAsThieves i still worry that eventually the only answer will be scary loss of net neutrality [15:25]
ThickAsThieves but maybe that will spur better internets [15:25]
pankkake many new censorship laws lately :/ [15:25]
pankkake and without much protest either [15:25]
pankkake france wants to censor "tax evasion" next [15:26]
pankkake before that it was unregistered gambling [15:26]
pankkake [15:27]
ozbot Ministers will order ISPs to block terrorist and extremist websites | UK news | The Guardian [15:27]
assbot [HAVELOCK] [NEOBEE] 125 @ 0.00288 = 0.36 BTC [-] [15:29]
Duffer1 not getting robbed would be nice, but i fail to see how regulation would prevent that in any way [15:29]
Duffer1 first exchange to offer insurance wins [15:30]
pankkake I believe services could escrow a part of their funds [15:31]
* jamespeerless (~jamespeer@ has joined #bitcoin-assets [15:31]
pankkake (i.e. like delivery bets but more generic) [15:31]
mircea_popescu ThickAsThieves amusingly, bitcoin resolves definitively the issue of net neutrality. [15:31]
pankkake and namecoin! [15:32]
mircea_popescu whatever anyone could possibly throw at hte problem, bitcoin has billions soon to be trillions of vested interest. [15:32]
mircea_popescu nobody can fight that and win. [15:32]
Duffer1 not necessarily mp [15:32]
mircea_popescu i guess we shall see. [15:32]
Duffer1 at least in america the net neutrality issue also involves isp bandwidth limiting and paywalling [15:32]
Duffer1 pay x more to access premium sites like x,y,z [15:33]
mircea_popescu any isp is free to issue you whatever contract they want, and you don't have to take it. [15:33]
mircea_popescu as long as there's ppl holding bitcoins, there will be a market to provide them with internet. [15:34]
Duffer1 i don't see that happening in america, major monopolies are protected state to state [15:34]
Duffer1 startups are sued into the ground or bought outright [15:34]
Duffer1 exclusivity contracts are the norm [15:35]
mircea_popescu well conversely, i don't see the us as much of a point of interest anyway, it's on its last legs as is. [15:35]
Duffer1 i agree, i just hate to see it happening [15:35]
mircea_popescu i mean a similar argument could be brought that in somalia internet access is difficult, what with all the armed bandits [15:35]
mircea_popescu nevertheless... [15:35]
* KableKiB_ (~KableKiB@ has joined #bitcoin-assets [15:35]
mircea_popescu on the brighter side, from what i hear in the larger cities you can already get point to point internet [15:36]
mircea_popescu what with all the wireless everywhere [15:36]
pankkake [15:36]
ozbot Telecom Firms Thrive in Somalia - [15:36]
Duffer1 all provided by at&t, comcast, or time warner [15:37]
KRS|gotyawallet Whats that got to do with Serbia [15:37]
mircea_popescu the other somalia [15:37]
KRS|gotyawallet oh right [15:37]
pankkake amateur (in the good sense) wireless networking is easy in a city. but how do you go further? [15:38]
mircea_popescu you can get satellite links anywhere. [15:38]
pankkake so we just need spacex to accept bitcoins! [15:38]
mircea_popescu the virgin thing already does [15:39]
truffles why is it america has such good internet connections [15:39]
truffles europe sucks with this!I! [15:39]
mircea_popescu for that matter, we'll probably be launching our own satellites before there's any serious challenge to net neutrality. [15:39]
Duffer1 i'll miss my mmos if i'm forced to satellite :( hehe [15:39]
mircea_popescu truffles are you kidding ? [15:39]
pankkake most of europe is pretty well served [15:39]
mircea_popescu actually that's what i'd like to ipo : a telecom satellite launcher corp. [15:39]
mircea_popescu it can't be THAT hard. [15:40]
Apocalyptic mircea, I thought you had him on ignore [15:40]
truffles i feel like its intermittent or something [15:40]
mircea_popescu Apocalyptic [15:40]
truffles [15:43]
ozbot Britain facing 'high risk of blackouts over next 5 years' | Mail Online [15:43]
* [8] has quit (Ping timeout: 246 seconds) [15:43]
* tyrion70 (~Adium@unaffiliated/tyrion70) has joined #bitcoin-assets [15:44]
* zboralski has quit (Ping timeout: 260 seconds) [15:44]
* AndrewJackson has quit (Ping timeout: 248 seconds) [15:45]
ThickAsThieves actually that's what i'd like to ipo : a telecom satellite launcher corp. <<< I'm so in [15:45]
Duffer1 no doubt [15:46]
* AndrewJackson ( has joined #bitcoin-assets [15:46]
Duffer1 need cable grade ping time or better though [15:47]
ThickAsThieves just put the internet in the blockchain [15:47]
ThickAsThieves bitcoin solves everything! [15:48]
* chsados has quit (Remote host closed the connection) [15:48]
assbot [HAVELOCK] [NEOBEE] 414 @ 0.0029 = 1.2006 BTC [+] {2} [15:48]
assbot [HAVELOCK] [NEOBEE] 597 @ 0.00288 = 1.7194 BTC [-] [15:50]
Apocalyptic lul [15:51]
* anon_ has quit (Read error: Operation timed out) [15:51]
ThickAsThieves If anyone is interest Danny Brewster, Neo, is tweeting from the Cyprus Investor Show, lotsa pics, including the POS unit [15:52]
ThickAsThieves interested* [15:53]
kakobrekla shiny black fetish bags [15:53]
kakobrekla GIMMESUM! [15:53]
assbot [HAVELOCK] [AM1] 1 @ 0.34865856 BTC [+] [15:53]
assbot [HAVELOCK] [VTX] 1 @ 0.153 BTC [+] [15:53]
assbot [HAVELOCK] [AM1] 1 @ 0.34867853 BTC [+] [15:57]
ThickAsThieves An estimated 70 percent of the nearly 11,000 silent films produced in the US have been lost, according to a landmark study from the Library of Congress. [15:58]
ThickAsThieves [15:59]
ozbot Twitter / BtcDanny: I'm famous now [15:59]
ThickAsThieves hehe [15:59]
truffles just read that one [15:59]
truffles he's a brit? [15:59]
ThickAsThieves originally, yes [16:00]
* zboralski (~az@ has joined #bitcoin-assets [16:00]
truffles hairstyle/face combo is typical [16:00]
truffles colors and bags look nice [16:02]
* saulimus has quit (Ping timeout: 248 seconds) [16:02]
ThickAsThieves it's an interesting choice of brand colors [16:02]
assbot [HAVELOCK] [HMF] 12 @ 0.02591675 = 0.311 BTC [-] {2} [16:02]
ThickAsThieves black and yellow [16:02]
* davout_ is now known as davout [16:02]
ThickAsThieves not very common [16:03]
truffles [16:03]
ozbot Wiz Khalifa - Black And Yellow [Official Music Video] - YouTube [16:03]
ThickAsThieves i hat ethat song so much [16:03]
truffles hahaha [16:03]
truffles never watched vid before [16:04]
ThickAsThieves i do like a few Wiz songs tho [16:05]
ThickAsThieves that chorus though [16:05]
ThickAsThieves so bad [16:05]
truffles song feels like its 20mins long.. [16:06]
ThickAsThieves Jay Z & Beyonce have gone vegan [16:06]
truffles for 22 days [16:06]
truffles * [16:06]
ThickAsThieves thats all it takes [16:06]
jcpham [16:06]
jcpham faulty pens [16:06]
truffles lmao [16:07]
truffles massive cocks [16:07]
* Lee- (~Lee@unaffiliated/lee-) has joined #bitcoin-assets [16:08]
* zoinky (~Adium@unaffiliated/zoinky) has joined #bitcoin-assets [16:08]
ThickAsThieves the comments on that youtube page kinda show that google's switch to using google+ to clean comments didnt work [16:08]
jcpham my pens never do that [16:08]
ThickAsThieves "i don't know wtf this black cunt is singing" [16:09]
truffles google just keeps making utube worse.. [16:09]
ThickAsThieves "Alex Robinson you are a nigga lover. and you trying to make me just like you. shame that." [16:09]
truffles oh i didnt even look at comments this time [16:09]
truffles i often do, i blame google [16:10]
assbot [HAVELOCK] [AM1] 1 @ 0.3486 BTC [-] [16:11]
truffles saw at least 3 women in that phot, 1 guy looks arab, 1 black guy hmm [16:11]
* zoinky has quit (Client Quit) [16:11]
truffles [16:12]
ozbot Twitter / BtcDanny: Good turnout [16:12]
assbot [HAVELOCK] [NEOBEE] 81 @ 0.0029 = 0.2349 BTC [+] [16:13]
* tse ( has joined #bitcoin-assets [16:16]
* Tyklol is now known as Tykling [16:16]
truffles it wasnt a black guy nm [16:17]
thestringpuller truffles has to be french [16:19]
thestringpuller that's the only place they grow [16:19]
truffles i just ate the last one [16:19]
thestringpuller ThickAsThieves hate's Wiz Khalifa too. [16:19]
thestringpuller ThickAsThieves have you heard the Kanye-Sway interview?!?!? [16:19]
thestringpuller YOU AIN'T GOT THE ANSWERS ThickAsThieves YOU AIN'T GOT THE ANSWERS!!!! [16:20]
assbot [HAVELOCK] [AM1] 1 @ 0.34 BTC [-] [16:21]
thestringpuller - YES [16:21]
assbot [HAVELOCK] [AM100] 46 @ 0.00330215 = 0.1519 BTC [+] {4} [16:22]
pankkake "Despite many assuming the song is a reference to the colors of Pittsburgh, Pennsylvania's NFL team, the Pittsburgh Steelers, the song is actually about Khalifa's black-and-yellow striped car" [16:22]
* [\] has quit (Ping timeout: 245 seconds) [16:22]
pankkake and here I thought that would be an interracial love song [16:22]
assbot [HAVELOCK] [AM100] 55 @ 0.00337039 = 0.1854 BTC [+] [16:23]
thestringpuller i don't think Wiz has the capacity to write a love song, or music at all... [16:23]
thestringpuller He plagarized Chrono Trigger! [16:24]
pankkake so skinny [16:24]
thestringpuller - it's like "really?" [16:25]
truffles i was going to say he wasnt wearing enough yellow in song [16:25]
ThickAsThieves lol at that soundcloud song [16:26]
* tyrion70 has quit (Quit: Leaving.) [16:26]
truffles omg never been part 2? [16:27]
truffles there was a part 1 [16:27]
truffles .. [16:28]
assbot [HAVELOCK] [NEOBEE] 1002 @ 0.00294304 = 2.9489 BTC [+] {5} [16:31]
thestringpuller ;;bc,24hprc [16:34]
gribble Error: Failed to retrieve data. Try again later. [16:34]
thestringpuller ;;calc (108 - 50) / 108 [16:37]
gribble 0.537037037037 [16:37]
thestringpuller oh man whoever wrote those options is over exposed [16:37]
* troc has quit (Changing host) [16:39]
* troc (~Troic@unaffiliated/troic) has joined #bitcoin-assets [16:39]
* topace has quit (Ping timeout: 248 seconds) [16:42]
* Duffer1 has quit (Quit: ChatZilla [Firefox 25.0.1/20131112160018]) [16:43]
* jborkl (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets [16:44]
* jborkl has quit (Client Quit) [16:44]
assbot [HAVELOCK] [AM1] 1 @ 0.343 BTC [+] [16:49]
* nubbins` (~nubbins` has joined #bitcoin-assets [16:55]
assbot [HAVELOCK] [AM1] 1 @ 0.3439 BTC [+] [16:56]
* [\] (~imsaguy@unaffiliated/imsaguy) has joined #bitcoin-assets [16:59]
nubbins` morning [17:03]
* iamnot_ ( has joined #bitcoin-assets [17:03]
truffles good evening [17:04]
davout afternoon [17:04]
assbot [MPEX] [S.MPOE] 6500 @ 0.00081266 = 5.2823 BTC [+] [17:08]
jcpham [17:09]
jcpham [17:09]
* iamnot_ has quit (Quit: Leaving) [17:11]
* Enky (~enky@ has joined #bitcoin-assets [17:13]
* troc has quit (Quit: Leaving) [17:14]
* Troic (~Troic@unaffiliated/troic) has joined #bitcoin-assets [17:16]
* stephengandel has quit (K-Lined) [17:16]
* NormDePloome has quit (K-Lined) [17:16]
* daybyter ( has joined #bitcoin-assets [17:20]
* jborkl (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets [17:21]
jborkl [17:22]
ozbot COINTERRA IS REAL -> NO SCAM!! [17:22]
* sgnb` is now known as sgnb [17:23]
pankkake being "real" is having an address and people behind it? [17:23]
pankkake how about delivering [17:23]
pankkake who cares if they are aliens from the moon [17:24]
jborkl well, I was reading how the Ravi is/might be a escort [17:24]
pankkake :D [17:24]
jborkl very interesting - I will be back in 20 minutes to tell you if they are at work in suite 303 [17:25]
* mike_c (~mike_c@unaffiliated/mike-c/x-9105598) has joined #bitcoin-assets [17:29]
assbot [HAVELOCK] [AM1] 3 @ 0.34384666 = 1.0315 BTC [-] {3} [17:30]
assbot [HAVELOCK] [NEOBEE] 100 @ 0.00294943 = 0.2949 BTC [+] {2} [17:32]
assbot [HAVELOCK] [NEOBEE] 50 @ 0.00294988 = 0.1475 BTC [+] [17:33]
* ColdHardMetal (~IceChat77@ has joined #bitcoin-assets [17:36]
* ColdHardMetal has quit (Changing host) [17:37]
* ColdHardMetal (~IceChat77@unaffiliated/coldhardmetal) has joined #bitcoin-assets [17:37]
* Uglux has quit (Remote host closed the connection) [17:40]
mod6 screen in a screen, ho ho! [17:41]
* Evolyn_ ( has joined #bitcoin-assets [17:41]
mod6 now maybe i can lurk on the dl. hehe. [17:42]
* Evolyn has quit (Ping timeout: 248 seconds) [17:45]
* samson_ (~ukru@ has joined #bitcoin-assets [17:45]
* darkee (~darkee@gateway/tor-sasl/darkee) has joined #bitcoin-assets [17:46]
pankkake screen in a screen is the norm for me [17:46]
nubbins` do any of you guys bake bread? [17:46]
assbot [HAVELOCK] [NEOBEE] 872 @ 0.00294988 = 2.5723 BTC [+] [17:46]
assbot [HAVELOCK] [HMF] 10 @ 0.02591 = 0.2591 BTC [-] [17:46]
nubbins` trying to troubleshoot a loaf [17:46]
* valparaiso is now known as valparaiso_afk [17:48]
* valparaiso_afk is now known as valparaiso [17:51]
assbot [HAVELOCK] [NEOBEE] 333 @ 0.00294999 = 0.9823 BTC [+] [17:52]
assbot [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+] [17:53]
jborkl Well, they are there [17:54]
jborkl in suite 303 [17:54]
nubbins` great [17:55]
davout nubbins`: yup [17:55]
nubbins` ah, re: bread? [17:57]
nubbins` so i'm making sourdough [17:57]
nubbins` the dough rises in the bowl and again in the pan, but when i place the loaves in the oven, they don't rise any further [17:57]
jborkl ah, I thought you were having trouble taking a dump [17:58]
nubbins` HAHA [17:58]
nubbins` no trouble there ;( [17:58]
assbot [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+] [17:59]
* ncadou (~nicolas@ has joined #bitcoin-assets [18:00]
assbot [HAVELOCK] [NEOBEE] 115 @ 0.00294998 = 0.3392 BTC [+] {2} [18:01]
ThickAsThieves neumann studio monitor system ... heaven [18:02]
ThickAsThieves breaking them in with Fuckin' Problems - ASAP/Drake/Kdot :) [18:03]
ThickAsThieves thestringpuller might preciate that [18:03]
assbot [HAVELOCK] [NEOBEE] 198 @ 0.00290002 = 0.5742 BTC [-] {2} [18:05]
assbot [MPEX] [S.MPOE] 3184 @ 0.00081379 = 2.5911 BTC [+] [18:06]
assbot [MPEX] [S.MPOE] 4830 @ 0.00081614 = 3.942 BTC [+] [18:07]
* mjoiii has quit (Ping timeout: 246 seconds) [18:09]
davout nubbins`: i'm not sure they're supposed to rise a lot anyway in the oven [18:09]
* Uglux ( has joined #bitcoin-assets [18:10]
nubbins` i mean, i know traditional loaves should [18:10]
nubbins` just not sure about sourdough [18:10]
davout nubbins`: hm, i'll confess complete ignorance [18:10]
nubbins` heh [18:10]
nubbins` i also don't add any store-bought yeast [18:10]
nubbins` only sourdough starter [18:11]
davout nubbins`: you know, we french people, we just bake bread, it's in our blood xD [18:11]
nubbins` :D [18:11]
davout i do it with store-bought yeast [18:11]
nubbins` j'aime le pain! [18:11]
davout le pain c'est bien [18:11]
nubbins` yeah, i'm stubborn [18:11]
nubbins` i birthed this sourdough starter last september [18:11]
assbot [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+] [18:11]
nubbins` have been baking with it for over a year now [18:12]
davout gross mental image [18:12]
nubbins` HEH [18:12]
nubbins` shouldn't use "birthed" for yeast colonies [18:12]
nubbins` i created this sourdough starter last september [18:12]
nubbins` anyway, the bread is fucking delicious, which is what matters, i guess [18:12]
davout haha, yeah. you designed it man, you engineered it [18:13]
nubbins` anyway, gonna go eat a bunch [18:13]
davout bon appétit [18:14]
* mjoiii (~Android@ has joined #bitcoin-assets [18:16]
* [\] has quit (Ping timeout: 265 seconds) [18:18]
assbot [HAVELOCK] [NEOBEE] 200 @ 0.00290002 = 0.58 BTC [-] {2} [18:19]
assbot [MPEX] [S.MPOE] 4086 @ 0.00081785 = 3.3417 BTC [+] [18:21]
* KableKiB_ has quit (Ping timeout: 246 seconds) [18:22]
assbot [HAVELOCK] [AM1] 1 @ 0.34878471 BTC [+] [18:23]
* Uglux has quit (Remote host closed the connection) [18:31]
* stephengandel (9da69fe6@gateway/web/freenode/ip. has joined #bitcoin-assets [18:37]
* zoinky (~Adium@unaffiliated/zoinky) has joined #bitcoin-assets [18:37]
* NormDePloome (43f9593d@gateway/web/freenode/ip. has joined #bitcoin-assets [18:37]
* Scrat (~Scrat@unaffiliated/scrat) has joined #bitcoin-assets [18:38]
* jborkl has quit (Quit: jborkl) [18:38]
stephengandel Hi. I am a reporter trying to understand bitcoin futures. Anyone willing to help? [18:39]
jurov` hello stephengandel, you mailed to coinbr support yesterday? [18:40]
* lnostdal has quit (Quit: Leaving) [18:41]
ThickAsThieves Ask questions openly, answers will come [18:41]
Azelphur stephengandel: best way is to ask in the channel. It's the cultural norm on IRC, and you'll get the best possible answers as others can correct inaccuracies. [18:42]
* lnostdal ( has joined #bitcoin-assets [18:42]
* pigeons ( has joined #bitcoin-assets [18:42]
* Namworld ( has joined #bitcoin-assets [18:46]
ThickAsThieves [18:47]
ozbot This Is the MIT Surveillance Video That Undid Aaron Swartz | Threat Level | [18:47]
assbot [HAVELOCK] [COG] 4 @ 0.05799996 = 0.232 BTC [+] [18:49]
stephengandel jurov, yes. [18:49]
stephengandel azelphur, what do you mean by ask the channel? [18:50]
Azelphur stephengandel: this is the channel, so just ask questions in here [18:50]
Azelphur they don't need to be aimed at anyone specific [18:50]
ThickAsThieves there are several competent and experienced people here that may be able to answer different questions best [18:52]
stephengandel OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs $10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract. [18:54]
ThickAsThieves ah, one thing I can tell you is you will find more ICBIT users in #bitcoin-analysis [18:55]
ThickAsThieves it is not trusted by some in here [18:55]
stephengandel OK, Can I find the same info for coinbr? [18:55]
ThickAsThieves youre in the right room for coinbr [18:56]
ThickAsThieves jurov runs it [18:56]
jurov` stephengandel: i'm the owner of coinbr [18:56]
ThickAsThieves and mircea_popescu runs MPEx, the exchange it brokers with [18:56]
jurov` All options are priced in bitcoins, and the prices are publisjed on [18:57]
stephengandel OK. On MPEx, what does it mean that the price of o.usd.co50T is 0.785 [18:57]
stephengandel sorry, 0.0785? [18:57]
stephengandel Is that of a bitcoin? [18:57]
jurov` it's call to buy 0.1btc for $50 [18:58]
* benkay ( has joined #bitcoin-assets [18:58]
jurov` (that means price per 1BTC would be $500) [18:58]
jurov` and on exercise, you will get (in bitcoins) the difference between intrinsic value and current 24h weighed price [18:59]
jurov` or nothing, if price is <=500 [18:59]
stephengandel intrinsic value is 500 for this contract. [18:59]
stephengandel And that' [18:59]
stephengandel that's if I buy. [19:00]
stephengandel what if I sell the contract? [19:00]
ThickAsThieves you can sell it for any price you like [19:00]
ThickAsThieves if you are trying to write and sell options that's a bit different [19:01]
stephengandel Yes. Trying to bet on a drop in the price of bitcoins. [19:01]
ThickAsThieves you might need to talk to Mircea [19:02]
Apocalyptic then you would buy put contracts [19:02]
Apocalyptic not calls [19:02]
ThickAsThieves not sure if jurov facilitates writing via coinbr [19:02]
stephengandel or sell calls? [19:02]
ThickAsThieves yes [19:02]
jurov` see this, section "Going short" [19:02]
ozbot Call option calculation - Bitcoin Forum - The Unofficial Bitcoin Forum [19:02]
stephengandel Is it the same if I go through coinbr as MPEx? [19:04]
ThickAsThieves I think you would need an MPEx account, and to negotiate margin with mircea_popescu [19:04]
ThickAsThieves he might even have details in the FAQ [19:04]
jurov` stephengandel: yes it's the same, unless you get margin form mircea_popescu [19:05]
ThickAsThieves an MPEx account is 30btc, or 25btc with referral [19:05]
* gesell has quit (Ping timeout: 245 seconds) [19:05]
jurov` but even then, you'll be doing the saem MKOP/SPPLIT requests with loaned funds [19:05]
ThickAsThieves if you join you should probly connect with jurov for the referral, since he got you here :) [19:05]
assbot [HAVELOCK] [NEOBEE] 100 @ 0.00294 = 0.294 BTC [+] [19:06]
stephengandel So to do this on coinbr. I would have to open an account for 30 BTC, $30,000? [19:07]
jurov` No [19:07]
jurov` 30BTC is account directly on MPEx. [19:07]
stephengandel I don't understand. [19:07]
jurov` CoinBr offers account for free, only with small monthly fees [19:07]
jurov` because it's a broker that enables users to use one shared mpex account [19:07]
ThickAsThieves wouldnt mircea require a direct account for margin users? [19:08]
jurov` Yes, if you insist on margin, it's probably best to talk to mircea_popescu directly. [19:08]
stephengandel Can you do this without margin? [19:09]
jcpham [19:09]
ozbot Bitrated [19:09]
jcpham arbitration escrow [19:09]
ThickAsThieves write options? No [19:09]
jcpham m-of-n [19:09]
ThickAsThieves buy options? Yes [19:09]
jurov` You can write option only when you provide the collateral yourself. [19:10]
assbot [HAVELOCK] [NEOBEE] 146 @ 0.00294 = 0.4292 BTC [+] {2} [19:10]
assbot [HAVELOCK] [NEOBEE] 1379 @ 0.00294999 = 4.068 BTC [+] [19:11]
* robocoin_ is now known as robocoin [19:13]
ThickAsThieves stephengandel, when will bitcoin crash, do you think? [19:14]
assbot [HAVELOCK] [NEOBEE] 331 @ 0.00294999 = 0.9764 BTC [+] [19:15]
jurov` that's okay, it will crash, burn, whatever [19:15]
assbot [HAVELOCK] [HIF] 390 @ 0.00048971 = 0.191 BTC [+] [19:16]
jurov` there's much deeper misunderstanding at work [19:16]
ThickAsThieves do i have someone on ignore? [19:16]
* sayonara has quit (Quit: yo!) [19:16]
jurov` people like him want to speculate on btc without being exposed at all [19:16]
ThickAsThieves oh [19:16]
* Dimsler_ ( has joined #bitcoin-assets [19:16]
jurov` and that's the piece that aint gonna work [19:16]
* iamnot_ ( has joined #bitcoin-assets [19:16]
jurov` because loaning bitcoins is too risky [19:16]
ThickAsThieves indeed [19:17]
Apocalyptic jcpham, why are you promotting this ill-conceived service ? [19:17]
stephengandel No idea. Just trying to find out if it is possible to bet against it. But really don't know. Doing math now. [19:17]
ThickAsThieves I love that MPEx costs $35k now [19:17]
ThickAsThieves well if you want to "bet" against it [19:18]
ThickAsThieves that's much easier [19:18]
ThickAsThieves [19:18]
ThickAsThieves :) [19:18]
* mois ( has joined #bitcoin-assets [19:18]
ThickAsThieves you can join existing bets or make your own [19:18]
ThickAsThieves [19:19]
ThickAsThieves better link [19:19]
ThickAsThieves :) [19:19]
jcpham Apocalyptic i'm not sure copying and pasting a link is promotion [19:19]
jcpham it's also run by someone [19:20]
assbot [HAVELOCK] [NEOBEE] 187 @ 0.00294999 = 0.5516 BTC [+] [19:20]
jcpham rumor is plans to tie into -otc gpg keys [19:20]
ThickAsThieves just make sure you read the BitBet FAQ fully [19:20]
stephengandel OK. But if I bought a put on the 0.USD.C050T on coinbr, I would have to put up .44 of a BTC as collateral? [19:22]
ThickAsThieves no [19:23]
jurov` They have recently changed the lot to 0.1BTC, so it should be 0.044 [19:23]
jurov` $avg [19:23]
mpexbot jurov`: An error has occurred and has been logged. Please contact this bot's administrator for more information. [19:23]
stephengandel why no? [19:24]
assbot [HAVELOCK] [NEOBEE] 102 @ 0.00294999 = 0.3009 BTC [+] [19:24]
jurov` ;;calc 50/1097.74 [19:24]
gribble 0.0455481261501 [19:24]
stephengandel why 50, and not 500? [19:25]
assbot [HAVELOCK] [NEOBEE] 125 @ 0.00295 = 0.3688 BTC [+] [19:25]
jurov` because it's for 0.1btc [19:25]
stephengandel gotcha [19:25]
ThickAsThieves well also you dont need collateral to buy puts [19:25]
jurov` no, buying puts/calls goes normally [19:25]
stephengandel and the current price of that contract is 0.07919108 BTCs. [19:25]
nubbins` hm, re: bitrated [19:26]
jurov` yes, hefty risk preminum [19:26]
stephengandel what do you mean by that? [19:26]
nubbins` [19:26]
stephengandel that was the price to sell a call. Is it the same to buy a put? [19:26]
nubbins` see how the site modified all the double-dashes into hyphens? [19:26]
* kyle_torpey ( has joined #bitcoin-assets [19:26]
ThickAsThieves no [19:26]
nubbins` ——-BEGIN PGP SIGNED MESSAGE——- [19:26]
assbot [HAVELOCK] [NEOBEE] 875 @ 0.00295 = 2.5813 BTC [+] [19:27]
stephengandel where can I see the price of a put? Or am I not understanding this correctly. [19:27]
jurov` for buying or selling you either match the orders published by MPOE [19:27]
jurov` they are on [19:27]
jurov` puts as O.USD.P*** [19:28]
ThickAsThieves you can only sell options two ways: If you write them (margin), or if you buy them and resell them [19:28]
jurov` or you place the buy/sell order at another price and it will also get published at [19:28]
assbot [HAVELOCK] [NEOBEE] 1540 @ 0.00299693 = 4.6153 BTC [+] {3} [19:29]
stephengandel OK. spread on the p050 contract appears to be huge [19:29]
ThickAsThieves that's because a bot algo manages constant orders [19:29]
ThickAsThieves currently the risk is high [19:30]
ThickAsThieves and thus so is the spread and premium [19:30]
jurov` yes. all these 1000's are MPOE offers. but anyone can make their own offers. [19:30]
jurov` !t m ^OIX [19:32]
assbot [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: / 112.71463735 / 112.71463735 (3170 shares, 119.21 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC) [19:32]
Apocalyptic OK. spread on the p050 contract appears to be huge // market makers make money from spread [19:34]
* daybyter has quit (Quit: Konversation terminated!) [19:38]
* gesell ( has joined #bitcoin-assets [19:38]
stephengandel So for the p080 contract, it would cost me roughly $1.70 to but the contract., with bitcoins at a current 1100. What would I make if bitcoins go down to 1000 or 900? [19:38]
ThickAsThieves you would lose money [19:39]
stephengandel But I bought a put? [19:39]
ThickAsThieves last i checked all the options require extreme price movement to profit [19:39]
ThickAsThieves 10-15% wont even be close [19:40]
stephengandel Do bitcoins have to go down to 800 for the p080 contract to be worth something, or below 800? [19:40]
ThickAsThieves they have to offset your premium [19:41]
stephengandel Is it different if I was selling a call vs. buying a put? [19:42]
ThickAsThieves Namworld, is your calculator still functional? [19:42]
stephengandel Seems like selling a call I could make money even if they went down a little bit? [19:42]
stephengandel But then I would need margin? Correct? [19:42]
ThickAsThieves yes [19:42]
jurov` *If* anyne buys it [19:42]
ThickAsThieves well the bot might [19:43]
ThickAsThieves but the price would still need to move a decent amount [19:43]
ThickAsThieves and you'd be shaving small % [19:43]
jurov` yes, if you sell to bot, you need large price movement [19:43]
* Scrat has quit (Read error: Connection reset by peer) [19:44]
stephengandel And also I have the problem that all of this would be settled in bitcoins, so any money I made on the futures bet against bitcoins would be offset by the fact that I own bitcoins, which would be worth less in dollars. [19:44]
stephengandel Just trying to figure out the calculation. Anyway you could run me through the transaction? [19:44]
ThickAsThieves well you'd be buying the bitcoins at a lower price than the current value if you surpass your premium [19:45]
ThickAsThieves so you could then sell them at a profit [19:45]
stephengandel what if bought a p110, which is essentially where the price is now right? It would cost me $6.19 a contract. Is that right? [19:46]
jurov` ;;calc 0.04537758*1079 [19:47]
gribble 48.96240882 [19:47]
stephengandel So if the price of a bitcoin went down to 1000 when the contract settled, I would make $10 minus the cost of the contract, or $3.80 [19:48]
jurov` ^ it's $49 [19:48]
ThickAsThieves juriv is showing you that you have your cost wrong [19:48]
stephengandel but that's the price to sell. I am buying a put. [19:49]
stephengandel So I have to pay the selling price to buy a put? [19:49]
ThickAsThieves there are puts for sale with their own prices [19:49]
ThickAsThieves of course [19:49]
jurov` SELL QTY means mpex is selling to you [19:50]
mike_c ThickAsThieves: you don't need margin to write/sell options on mpex. you just put up btc as collateral. [19:50]
jurov` hence, price 0.0453775 applies [19:50]
ThickAsThieves I see [19:50]
assbot [HAVELOCK] [NEOBEE] 735 @ 0.00299944 = 2.2046 BTC [+] {3} [19:51]
stephengandel OK so it would cost me $49, and if a bitcoin drops to 1000, then I lose $39. For me to start making bitcoins have to drop to $610. Is that right? [19:51]
ThickAsThieves sounds right [19:51]
jurov` yes [19:51]
stephengandel And then I have the problem that I have to convert that back to dollars, and in doing that I will have lost money on my bitcoins because they will have dropped in value. [19:52]
jurov` no you will get the $49 back in bitcoins at current rate [19:52]
jurov` so you'll be even [19:53]
stephengandel Not at the rate on the day the contract settles? [19:53]
jurov` they are american, so you can exercise them anytime [19:53]
stephengandel even in bitcoins, but not in dollars? [19:53]
jurov` and current rate at exercise time applies [19:53]
jurov` what do you mean? [19:54]
assbot [HAVELOCK] [NEOBEE] 84 @ 0.003 = 0.252 BTC [+] {4} [19:54]
mike_c no, even in dollars, that's the point. It's a hedge against bitcoin dropping [19:54]
ThickAsThieves hence Buying the Put [19:55]
ThickAsThieves rather than selling it [19:55]
mike_c thestringpuller:oh man whoever wrote those options is over exposed << not if they aren't speculating. if it is a miner hedging, then they aren't over-exposed. [19:55]
* mois has quit (Ping timeout: 260 seconds) [19:57]
* sois (4312d047@gateway/web/cgi-irc/ has joined #bitcoin-assets [19:59]
stephengandel from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs $110. Then I buy the put for $49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to $500, and I exercise the option. I will get 0.12 bit coins when I exersize. [20:00]
assbot [HAVELOCK] [NEOBEE] 286 @ 0.0031181 = 0.8918 BTC [+] {2} [20:00]
ThickAsThieves gogogo NEOBEE! [20:01]
stephengandel add that to what I had left in my account, and I will have a total of 0.17468842 BTCs. [20:01]
jurov` ;;calc (110-50)/50 [20:01]
gribble 1.2 [20:01]
* tyrion70 (~Adium@unaffiliated/tyrion70) has joined #bitcoin-assets [20:02]
* LorenzoMoney (~LorenzoMo@unaffiliated/lorenzomoney) has joined #bitcoin-assets [20:02]
ThickAsThieves ;;ticker [20:02]
gribble MtGox BTCUSD ticker | Best bid: 1201.00001, Best ask: 1207.0, Bid-ask spread: 5.99999, Last trade: 1200.75001, 24 hour volume: 15003.00562735, 24 hour low: 1131.72718, 24 hour high: 1219.94333, 24 hour vwap: 1172.45435 [20:02]
jurov` yes, $60 will be 0.12 btc then [20:02]
stephengandel Now when I convert that back to dollars at the now btc rate of $1/500 BTCs, I would get $87. Meaning I still lost money! [20:02]
pankkake can't you buy neobees for 0.003 direct from lmb holdings? [20:02]
assbot [HAVELOCK] [AM1] 11 @ 0.33150768 = 3.6466 BTC [-] {5} [20:02]
nubbins` hey, wow [20:03]
nubbins` that's the firt time neobee has been > ipo for a while, i think? [20:03]
nubbins` *first [20:03]
pankkake yeah. because IPO was never finished before that [20:03]
* benkay has quit (Ping timeout: 240 seconds) [20:03]
stephengandel jurov, is that right? [20:03]
stephengandel Something I am missing? [20:04]
ThickAsThieves pankkake, yes, but the investor site is not fully functional it seems [20:04]
ThickAsThieves so some shares are locked but not purchased [20:04]
pankkake I wonder if this is a "must have shares now" or not knowing [20:04]
* Scrat (~Scrat@unaffiliated/scrat) has joined #bitcoin-assets [20:04]
ThickAsThieves i dont even know how many are actually sold now :/ [20:04]
ThickAsThieves waiting for access [20:04]
jurov` stephengandel: you buy the option for $49 and exercise them to get $60 back [20:05]
jurov` don't mix the bticoin you are holding long into there [20:05]
stephengandel I know but I will get it back in bitcoins, not dollars, correct? [20:05]
ThickAsThieves why does that matter [20:05]
ThickAsThieves sell them [20:05]
jurov` you will bet B0.12 *500 = $60 [20:05]
jurov` *get [20:05]
ThickAsThieves obv you need to be doing higher volume than one option to make money anyway, so exchange fees wont be an issue [20:06]
* NormDePloome has quit (Ping timeout: 250 seconds) [20:06]
stephengandel what are the exchange fees? [20:06]
ThickAsThieves check your exchange [20:07]
stephengandel on coinbr? [20:07]
ThickAsThieves coinbr is not an exchange [20:07]
jurov` coinbr does not touch fiat [20:07]
stephengandel ok on mpeX [20:07]
ThickAsThieves them either [20:07]
mike_c Buy 0.1 BTC for $110. Buy two P110T for 0.09 BTC. price drops to 500. Excercise for .24 btc. total btc is now 0.25 btc worth $125. go party with $15 gain. [20:07]
jurov` mpex either [20:07]
ThickAsThieves you want coinbase or campbx or mtgox or bitstamp [20:07]
ThickAsThieves etc [20:07]
jurov` you neex fiat-to-bitcoin exchange, like mtgox [20:07]
ThickAsThieves etc [20:07]
stephengandel yes, that's my point. since all of this will be done in bitcoins, when I exchange back, won't I lose money, but maybe I have this wrong? [20:08]
Namworld Is it me or is the breakeven on calls in the 15000+ USD/BTC? [20:08]
mike_c see my example. [20:08]
mike_c you make $15 [20:08]
ThickAsThieves do it 100 times and you make $1500 :) [20:09]
ThickAsThieves less exchange fees [20:09]
ThickAsThieves typically in the 1% range [20:09]
stephengandel OK. [20:09]
jurov` yes. in your example you will get *$60 worth of bitcoins* [20:09]
assbot [HAVELOCK] [NEOBEE] 45 @ 0.00322253 = 0.145 BTC [+] {3} [20:09]
ThickAsThieves gotta say though, be careful shorting bitcoin... [20:10]
jurov` such small amount is best to sell to colleague or so [20:10]
jurov` and buying too, jusr meet some bitcoin anthusiast and buy by cash [20:11]
jurov` *enthusiast.. kbd fail [20:11]
mike_c agree with ThickAsThieves. while we had this conversation it went up another 1% :) [20:11]
thestringpuller hey jurov` you get the pm? [20:11]
assbot [HAVELOCK] [NEOBEE] 230 @ 0.00323999 = 0.7452 BTC [+] {2} [20:11]
jurov` thestringpuller: a bit of patience, maybe> [20:12]
jurov` ? [20:12]
thestringpuller no the link i sent last night [20:12]
thestringpuller nm pm [20:12]
stephengandel But mike [20:15]
iamnot_ whatever happened to XBOND? I don´t see it on Havelock anymore... [20:15]
pankkake iamnot_: recalled :( [20:15]
mike_c scam! [20:15]
mike_c (j/k) [20:15]
stephengandel mike_c, if I just do one contract. I lose money, right? Because I was sitting with bitcoins, or because of the leverage? Maybe both? [20:16]
mike_c right, if you are shorting you want to only buy as many bitcoins as it takes to buy the number of options you want [20:16]
mike_c otherwise you are exposed with the leftover btc [20:16]
assbot [HAVELOCK] [NEOBEE] 47 @ 0.00323999 = 0.1523 BTC [+] {2} [20:17]
iamnot_ pankkake: ´recalled´ sounds bad. does that mean TAT bought back everyone´s bonds? [20:17]
jurov` so, fund the account just to buy 3 options. problem solved [20:17]
* mois ( has joined #bitcoin-assets [20:17]
jurov` you will invest 3*$49 equivalent, you will get back (if $500) 3*$60 equivalent [20:17]
assbot [HAVELOCK] [AM1] 6 @ 0.33000024 = 1.98 BTC [-] {3} [20:18]
pankkake iamnot_: yes. but it's not bad, anyone buying it at ip(v)o benifited heavily from divs + early 105% recall [20:18]
stephengandel And if I buy two contracts and instead the price goes up by 54% or to $1694, then I lose what? [20:18]
stephengandel Just what it cost me to buy the puts or more? [20:18]
jurov` everything. the option becomes worthless. [20:18]
mike_c your options expire worthless, so you just lose what you paid. [20:18]
iamnot_ pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along. [20:18]
assbot [HAVELOCK] [AM1] 1 @ 0.33 BTC [-] [20:19]
stephengandel I guess that's the advantage of buying a put rather than selling a call. Because if I sold a call I could lose an unlimited amount. [20:19]
jurov` no, you will at most lose the collateral [20:19]
mike_c right, selling has higher risk profile. [20:19]
pankkake I hope so; I have not invested elsewhere really [20:19]
jurov` if you wrote the option [20:19]
stephengandel But again, to sell a call I would have to open a MPEx account? [20:19]
stephengandel is wrote an option the same as selling a call? [20:20]
* mois has quit (Client Quit) [20:20]
jurov` stephengandel: no, coinbr allows you to write options under the same conditions as mpex [20:20]
mike_c jurov`: is that true? i would expect that if the loss was higher than collateral the difference would come out of your mpex account. [20:20]
jurov` only thing we won't do, is to provide margin [20:20]
jurov` you understand the difference between collateral and margin? [20:20]
stephengandel Not really. How much collateral would I have to put up? [20:21]
stephengandel strike / spot BTCUSD + some MPEx-proprietary padding [20:21]
jurov` yes [20:21]
jurov` if the exercise requires more, that's up for MPEx to pay [20:21]
ThickAsThieves pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along. <<<< Don't hold your breath, no one serious and not scammy enjoys providing daily divs [20:22]
jurov` but that would also mean bitcoin falling catastctphically [20:22]
jurov` so it isn't hard for mpex to buy more of them [20:22]
stephengandel is this what you guys use for the spot price: [20:22]
ThickAsThieves no [20:22]
jurov` [20:22]
ozbot Bitcoin Charts / Markets [20:22]
jurov` 24h price is used [20:22]
ThickAsThieves $avg [20:22]
mpexbot ThickAsThieves: An error has occurred and has been logged. Please contact this bot's administrator for more information. [20:22]
ThickAsThieves whats the other way to pull it? [20:23]
mike_c ;;bc,24hprc [20:23]
gribble Error: Failed to retrieve data. Try again later. [20:23]
ThickAsThieves hehe [20:23]
thestringpuller okay we need another cross exchange [20:23]
thestringpuller ticker [20:23]
thestringpuller cause the bot isn't even quoting... [20:23]
nubbins` ;;ticker --market all [20:23]
gribble MtGox BTCUSD last: 1210.0, vol: 15442.99754919 | Bitstamp BTCUSD last: 1150.01, vol: 12582.57372365 | BTC-E BTCUSD last: 1059.9, vol: 11463.51851 | Bitfinex BTCUSD last: 1150.01, vol: 2621.40917063 | CampBX BTCUSD last: 975.55, vol: 94.01568371 | BTCChina BTCUSD last: 1126.0836, vol: 49103.04600000 | Volume-weighted last average: 1135.7963542 [20:23]
assbot 123! [20:23]
nubbins` 796! [20:24]
assbot 123! [20:24]
pankkake ;;ticker --market btcavg [20:24]
gribble BitcoinAverage BTCUSD ticker | Best bid: 1146.52, Best ask: 1150.44, Bid-ask spread: 3.92000, Last trade: 1145.43, 24 hour volume: 42611.77, 24 hour low: None, 24 hour high: None, 24 hour vwap: 1094.27 [20:24]
ThickAsThieves I'll IPO an indexing website [20:24]
ThickAsThieves at 750000btc valuation [20:24]
thestringpuller how would that even bring in revenue? [20:24]
ThickAsThieves you guys in? [20:24]
ThickAsThieves from the IPO [20:24]
thestringpuller i'm in lets do it [20:24]
ThickAsThieves duh [20:24]
nubbins` good buy, can i pre-purchase all the shares? [20:24]
mike_c jurov`: I don't see anywhere that you are at risk for max of collateral. not to nag, but what's your confidence on that? [20:24]
thestringpuller IPO it on btctco [20:24]
pankkake I'd just make the IPO on a BTC address [20:25]
pankkake tell them it's colored coins [20:25]
ThickAsThieves yep, itll be dutch style [20:25]
jurov` mike_c just do the maths. you write one P100 [20:25]
ThickAsThieves send me coins, you get your proportion [20:25]
assbot [HAVELOCK] [NEOBEE] 260 @ 0.00292551 = 0.7606 BTC [-] {2} [20:26]
jurov` mpex asks , say, 0.91 btc collateral for it [20:26]
jurov` then bitcoin falls to $10 [20:26]
mike_c derp. got it. [20:27]
jurov` and you exercise, getting 90 BTC [20:27]
stephengandel prices appear to have disappeared on mpex [20:27]
thestringpuller stephengandel: bot isn't quoting due to broken pipes [20:27]
ThickAsThieves the data source for the spot price is down [20:27]
thestringpuller yea [20:27]
ThickAsThieves so the bot pulled its orders [20:27]
thestringpuller the weightedprice is going up tho so good time for calls [20:28]
mike_c ThickAsThieves: sentiment is moving against you. [20:29]
ThickAsThieves obv [20:29]
ThickAsThieves ;;nethash [20:30]
gribble 6400549.04237 [20:30]
ThickAsThieves ;;estimate [20:30]
gribble Next difficulty estimate | 872182330.638 based on data since last change | 894132728.373 based on data for last three days [20:30]
ThickAsThieves ;;bcstats [20:30]
pankkake don't worry, BFL will save you! [20:30]
gribble Current Blocks: 273061 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1114 blocks | Next Difficulty In About: 6 days, 5 hours, 21 minutes, and 47 seconds | Next Difficulty Estimate: 872182330.638 | Estimated Percent Change: 23.29264 [20:30]
thestringpuller wow one more 23% change and it's on [20:30]
ThickAsThieves well the next change might only need to be 13% [20:31]
iamnot_ ThickAsThieves: Graet and Ukyo loans paid daily dividends. Do you know if those are still around in the form of direct shares? [20:31]
* benkay ( has joined #bitcoin-assets [20:31]
ThickAsThieves haha [20:31]
pankkake they are kinda defaulting [20:31]
zoinky are they? [20:31]
pankkake well, not sure yet [20:31]
ThickAsThieves well was largely debt consolidation [20:31]
pankkake but for sure you can't redeem right now [20:31]
ThickAsThieves so good luck with that one [20:31]
ThickAsThieves and is in limbo [20:32]
iamnot_ thanks for the heads up. i will read up on them. [20:32]
ThickAsThieves for about a month+ [20:32]
thestringpuller ThickAsThieves is the only one to have large debt repaid [20:32]
zoinky havent been keeping up to date with them [20:32]
zoinky since i walked away [20:32]
thestringpuller well and namworld [20:32]
pankkake Namworld too [20:32]
ThickAsThieves Namworld is not fully paid [20:32]
zoinky nuts [20:32]
pankkake :/ [20:33]
ThickAsThieves if the next diff is 89, then that means about 830 more TH will push me to lose [20:34]
ThickAsThieves well mor ethan that [20:34]
ThickAsThieves depends on depeloyment rate [20:34]
ThickAsThieves deployment* [20:34]
ThickAsThieves about 1400TH was added so far in this diff period [20:34]
mike_c how many erupters is that? [20:34]
ThickAsThieves lol [20:35]
ThickAsThieves usb erupters? [20:35]
ThickAsThieves :) [20:35]
ThickAsThieves I think the AM cubes are like 30GH? [20:35]
mike_c wow, 1400t this period. crazy. [20:35]
ThickAsThieves they have about 3000 left to sell i think [20:35]
thestringpuller damn son [20:35]
ThickAsThieves so not even a dent [20:35]
Ukyo [12:34] due to the situation with weex, i stopped issueing dividends on the loan for now. I am setting up a seperate claim/management system where users will either a. begin to get daily divs again, or b. be able to get all missed divs with payoff [20:36]
nubbins` weex 4 prez [20:36]
ThickAsThieves i assume back divs are paid in either case [20:36]
thestringpuller So Ukyo isn't defaulting.... [20:37]
ThickAsThieves oh, they are locked in Weex [20:37]
ThickAsThieves the repayment rate is unknown though [20:37]
thestringpuller lololol [20:38]
ThickAsThieves wasnt meant to be a joke [20:38]
ThickAsThieves just a factor [20:38]
thestringpuller [20:39]
mike_c ^ hah! awesome [20:39]
ThickAsThieves hehe [20:39]
pankkake you should be ashamed to have that first link in purple though [20:40]
ThickAsThieves I get one of these per month: "I have been studying your website and funds but I don't see information on how to invest in those funds. Is there information posted that tells how to invest in the funds?" [20:41]
ThickAsThieves uhh [20:41]
ThickAsThieves so you were viewing Havelock [20:41]
ThickAsThieves and couldnt figure out what to do? [20:41]
assbot [HAVELOCK] [COG] 3 @ 0.05699979 = 0.171 BTC [-] [20:42]
assbot [HAVELOCK] [COG] 2 @ 0.05699979 = 0.114 BTC [-] [20:43]
assbot [HAVELOCK] [NEOBEE] 597 @ 0.00302999 = 1.8089 BTC [-] {3} [20:43]
thestringpuller lemme guess from the forums? [20:43]
assbot [HAVELOCK] [COG] 4 @ 0.05699979 = 0.228 BTC [-] {3} [20:44]
* saulimus ( has joined #bitcoin-assets [20:44]
* kyle_torpey has quit (Quit: Leaving) [20:44]
nubbins` STEVIE [20:45]
ThickAsThieves no thats email [20:46]
mod6 ;;bc,stats [20:46]
gribble Current Blocks: 273064 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1111 blocks | Next Difficulty In About: 6 days, 3 hours, 18 minutes, and 53 seconds | Next Difficulty Estimate: 873500484.877 | Estimated Percent Change: 23.47897 [20:46]
nubbins` we printed some nice garment tags on some linen the other day [20:48]
nubbins` [20:49]
ozbot imgur: the simple image sharer [20:49]
pankkake that looks like an inverted black cock? [20:50]
thestringpuller nubbins`: that's my name don't wear it out :P [20:50]
pankkake dumb me, it's named black hen [20:50]
nubbins` ;) [20:50]
nubbins` to both of you [20:50]
ThickAsThieves neat, have you ever worked with dye-sublimation? [20:50]
nubbins` nope, not set up for that atm [20:50]
ThickAsThieves I used to run and maintain ESTAT machines [20:51]
ThickAsThieves then moved to Mimaki [20:51]
ThickAsThieves and solvent too [20:51]
* [8] (~8]@ has joined #bitcoin-assets [20:51]
nubbins` we don't have the ventilation for solvent inks 8) [20:51]
nubbins` some day [20:51]
* stephengandel has quit (Ping timeout: 250 seconds) [20:51]
ThickAsThieves i still prefer screen-printed stuff anyway [20:52]
nubbins` nod [20:52]
ThickAsThieves it's the teen punk in me [20:52]
nubbins` you can get additives for printing on polyester [20:52]
nubbins` so the ink doesn't migrate [20:52]
thestringpuller ThickAsThieves: grinds every rail ever [20:53]
ThickAsThieves i never skated [20:53]
nubbins` nah [20:53]
ThickAsThieves i was too cool for that shit [20:53]
nubbins` bet you were pretty good at tony hawk, tho [20:53]
assbot [HAVELOCK] [NEOBEE] 50 @ 0.00302 = 0.151 BTC [-] [20:53]
ThickAsThieves nope, mario kart [20:53]
jamespeerless anyone know how my bet weight works if I bet multiple times on same bet? [20:53]
nubbins` heh, i've been playing lots of mario kart wii lately [20:53]
nubbins` couple weeks ago my wife and i ate a bunch of acid and played it for hours [20:54]
ThickAsThieves i was too busy rocking out to skate anyway [20:54]
nubbins` really intense [20:54]
pankkake jamespeerless: it will have a new, lower weight [20:54]
assbot [HAVELOCK] [NEOBEE] 331 @ 0.00302 = 0.9996 BTC [-] [20:54]
kakobrekla jamespeerless new bets will appear seperatley [20:54]
kakobrekla payout is merged [20:54]
kakobrekla in a single tx [20:54]
nubbins` ThickAsThieves: ever listened to Metz? you might like em [20:55]
jamespeerless so they're basically independent? and then it just adds the payouts together [20:55]
ThickAsThieves i havent nubbins, will check em out [20:55]
kakobrekla they are independed bets yes , but if you win you will get 1 tx only [20:55]
jamespeerless k [20:55]
kakobrekla to account for all of them [20:56]
nubbins` [20:56]
ozbot METZ - Wet Blanket [OFFICIAL VIDEO] - YouTube [20:56]
assbot [HAVELOCK] [NEOBEE] 134 @ 0.0030225 = 0.405 BTC [+] {2} [20:57]
KRS|gotyawallet Wow..this is sobering [20:58]
jurov` ;;market sell 1000 [21:01]
gribble A market order to sell 1000 bitcoins right now would net 1200802.9202 USD and would take the last price down to 1200.0200 USD, resulting in an average price of 1200.8029 USD/BTC. | Data vintage: 0.0629 seconds [21:01]
pankkake isn't it named misinformation-blog? [21:01]
jurov` KRS|gotyawallet: ^ here is the answer [21:01]
jurov` and it won't be much different at $10k [21:01]
nubbins` he seems to be operating under the assumption that exchanges aren't a place where buyers and sellers meet [21:01]
nubbins` i mean, in order to convert x btc into $50m, other users have to put that $50m into the exchange [21:02]
jurov` ;;market sell 10000 [21:02]
KRS|gotyawallet idk [21:02]
gribble A market order to sell 10000 bitcoins right now would net 10975877.1390 USD and would take the last price down to 960.6000 USD, resulting in an average price of 1097.5877 USD/BTC. | Data vintage: 98.6026 seconds [21:02]
nubbins` because if they don't, the seller doesn't have any buyers [21:02]
nubbins` or am i missing something [21:02]
KRS|gotyawallet i think [21:03]
KRS|gotyawallet thats the main point of the article, i read it [21:03]
nubbins` this guy seems to think that each time you buy 1 btc, it's the exchange that had them and is selling to you [21:03]
KRS|gotyawallet more like ;;market sell 140000 [21:03]
ThickAsThieves that seems to have trouble forming coherent sentences and concepts [21:04]
KRS|gotyawallet ;;market sell 140000 [21:04]
gribble A market order to sell 140000 bitcoins right now would net 36115590.7219 USD and would take the last price down to 8.9066 USD, resulting in an average price of 257.9685 USD/BTC. | Data vintage: 171.1354 seconds [21:04]
nubbins` "Where would the exchanges ... get 10 million dollars?" [21:04]
ThickAsThieves guy* [21:04]
KRS|gotyawallet ooofuh [21:04]
nubbins` from the people buying the btc [21:04]
nubbins` what a fuckin dummy [21:04]
nubbins` haha, first comment. [21:04]
pankkake he must think bitcoins are "backed" by things [21:04]
* Bugpowder (cef100fe@gateway/web/freenode/ip. has joined #bitcoin-assets [21:05]
ThickAsThieves I thought he was gonna make a decent point, [21:05]
pankkake gold bug? not that there's anything wrong with that [21:05]
* [8] has quit (Ping timeout: 260 seconds) [21:05]
ThickAsThieves that in the regulated world such providers must have a lot of their own capital [21:05]
assbot [HAVELOCK] [NEOBEE] 126 @ 0.0030225 = 0.3808 BTC [+] [21:05]
ThickAsThieves this would help with losses caused by the exhcnage [21:05]
ThickAsThieves errors, hacks, etc [21:06]
nubbins` luckily, here in btc-land, exchanges don't need to cover shit, because fuck it [21:07]
pankkake history of bitcoin tells us you can lose up to 90% of your bitcoins a year and still be a winner! [21:08]
nubbins` it's true, i lost my shirt twice and i'm still laughing [21:08]
pankkake you just printed it again [21:08]
nubbins` ^ [21:08]
KRS|gotyawallet point #1, big chunks of btc are moving around after being dormant since apr 2013 (our last all time high), point #2 one of these "chunks" of btc could market-sell 140,000 btc down to $8. [21:08]
* pigeons ( has left #bitcoin-assets [21:09]
pankkake yeah, but for how long? [21:09]
nubbins` okay, but why would you chase the price all the way down to $8? [21:09]
nubbins` rather than cashing out slowly to maximize profit [21:09]
KRS|gotyawallet right [21:09]
nubbins` i mean, i know we're all irrational actors [21:09]
nubbins` but there are limits to the insanity [21:09]
KRS|gotyawallet or give up your position alltogether? [21:09]
KRS|gotyawallet if YOU have the btc, OTHERS dont [21:09]
benkay ;;market sell 140000 [21:09]
gribble A market order to sell 140000 bitcoins right now would net 36138416.0754 USD and would take the last price down to 8.9066 USD, resulting in an average price of 258.1315 USD/BTC. | Data vintage: 187.7440 seconds [21:09]
pankkake that's only on mtgox too [21:10]
* LorenzoMoneyHome has quit (Read error: Connection reset by peer) [21:10]
pankkake but I'm sure many people would come to get those bitcoins [21:10]
KRS|gotyawallet the article questions..why are these big chunks moving at all? maybe because people are realizing they are there and to shuffle them around a bit? idk [21:10]
nubbins` when you win the lotto, you can get a lump sum payment of much lesser value, or you can get yearly/monthly payments that total a greater amount [21:10]
nubbins` this is similar to a whale cashing out btc [21:11]
nubbins` he can take all at once [21:11]
nubbins` and get much less [21:11]
nubbins` or he can spread it over months/years [21:11]
nubbins` and get much more [21:11]
KRS|gotyawallet I think so too..the most positive article I read is how countries like china and countries in africa will be hoarding them because they are a perfect financial vessle for financial freedom [21:11]
nubbins` heh, thought you said "countries like africa" for a moment [21:11]
KRS|gotyawallet haha a lot of people do [21:12]
benkay ;;ticker [21:12]
gribble MtGox BTCUSD ticker | Best bid: 1216.0, Best ask: 1222.0, Bid-ask spread: 6.00000, Last trade: 1215.99001, 24 hour volume: 15013.43553127, 24 hour low: 1131.72718, 24 hour high: 1225.0, 24 hour vwap: 1177.82055 [21:12]
assbot [HAVELOCK] [NEOBEE] 260 @ 0.00293127 = 0.7621 BTC [-] {2} [21:14]
* kleinessteak ( has joined #bitcoin-assets [21:15]
assbot [HAVELOCK] [NEOBEE] 430 @ 0.00293005 = 1.2599 BTC [-] {3} [21:15]
* Vexual (~Vexual@ has joined #bitcoin-assets [21:16]
assbot [HAVELOCK] [NEOBEE] 172 @ 0.00292658 = 0.5034 BTC [-] {2} [21:16]
Vexual nubbins, try a hotter oven re:sourdough [21:17]
KRS|gotyawallet This was the most positive article about bitcoin I think I ever read, and it just came out [21:19]
KRS|gotyawallet [21:19]
ozbot What Is Beijing's Rationale For Promoting Bitcoin? - Forbes [21:19]
assbot [HAVELOCK] [NEOBEE] 2466 @ 0.00291761 = 7.1948 BTC [-] {6} [21:20]
ThickAsThieves "China’s economy is too slanted" [21:20]
Vexual thats racist [21:21]
ThickAsThieves hehe [21:21]
ThickAsThieves he's Chinese, it's ok [21:21]
KRS|gotyawallet HAHA [21:21]
pankkake > referring to countries by their capital [21:22]
Namworld America is a country apparently. Black people are African-american. Then Africa must be a country too! [21:22]
Namworld re nubbins/KRS [21:22]
Vexual what about "China does tech, it's what they do." [21:22]
assbot [HAVELOCK] [NEOBEE] 249 @ 0.00300909 = 0.7493 BTC [+] {2} [21:26]
assbot [HAVELOCK] [AM1] 25 @ 0.34634842 = 8.6587 BTC [+] {11} [21:26]
KRS|gotyawallet right, but they need financial freedom and btc gives them that [21:26]
KRS|gotyawallet Namworld I didnt think of that. I should tell my black friend he too must be a country..hmm. [21:26]
nubbins` Vexual: it's already at 450, :( [21:27]
assbot [HAVELOCK] [NEOBEE] 118 @ 0.003 = 0.354 BTC [-] [21:27]
nubbins` Namworld: America isn't a country [21:27]
nubbins` you must mean the united states of america [21:27]
Namworld I know... [21:27]
KRS|gotyawallet What about Somalia [21:27]
kakobrekla i hear dat. [21:27]
nubbins` anyway, i think "african-american" is a silly phrase [21:27]
nubbins` nobody says "african-canadian" here [21:28]
jurov` stfu, you have french-canadians [21:28]
KRS|gotyawallet America needed something to divert attention from the word Nigger which worked fine for me..Worked fine for them so why not. [21:28]
Vexual nubbins, perhaps less fisting b4 the first rise? [21:28]
nubbins` jurov`: they speak french! [21:28]
* mjr_ has quit (Remote host closed the connection) [21:28]
jurov` oui? [21:29]
nubbins` Vexual: i was worried about not kneading enough [21:29]
Vexual you can push it past that peak eleasticity [21:29]
nubbins` french-canadians = french-speaking canadians [21:29]
nubbins` you can be goddamn sure that they're not identifying with the country of france [21:29]
jurov` but it's a term [21:29]
* DefectiveNu1 has quit (Ping timeout: 240 seconds) [21:30]
nubbins` i knead for about 10 minutes, bowl and cover, punch down and form loaves after 4-6 hours, proof in the pans for another 4-6 hours, then bake [21:30]
jurov` i'm not implying that afroamericans speak african [21:30]
nubbins` sure [21:30]
nubbins` it's just a silly term [21:30]
jurov` maybe you don't kned hard/long anough? [21:30]
Vexual got a doughmixer? [21:30]
nubbins` no mixer [21:30]
nubbins` all hand work [21:30]
jurov` it needs to start resisting [21:30]
nubbins` see, it rises fine, just not in the oven [21:31]
Vexual try a batch of smaller laves with different kneads to troubleshoot [21:31]
nubbins` hmm, yeah [21:31]
nubbins` i tried adding a bit more water this time, no difference [21:32]
assbot [HAVELOCK] [NEOBEE] 106 @ 0.0030091 = 0.319 BTC [+] {2} [21:32]
assbot [HAVELOCK] [AM1] 3 @ 0.34878314 = 1.0463 BTC [+] {2} [21:32]
nubbins` although the crumb *is* a bit nicer [21:32]
nubbins` jurov`: maybe it's just me, but i think it's a bit silly to call yourself african-anything if you were born in north america [21:32]
nubbins` like [21:33]
Vexual you could cheat and chuck some more yeast in [21:33]
nubbins` i'm not irish-canadian or british-canadian [21:33]
* mjr_ (~Thunderbi@ has joined #bitcoin-assets [21:33]
nubbins` i was born here [21:33]
nubbins` i'm just canadian [21:33]
jurov` nope, you're eurocanadian [21:33]
jurov` :DDDD [21:33]
nubbins` european-canadian [21:33]
Vexual trasheh? [21:33]
KRS|gotyawallet Cheers, we are all millionaires [21:33]
nubbins` Vexual: i can't bring myself to add store yeast [21:33]
KRS|gotyawallet meh [21:33]
nubbins` the flavor is just too good as it is [21:34]
jurov` what about bitbetting the meeeelion? [21:34]
* mjoiii has quit (Read error: Connection reset by peer) [21:34]
* mjoiii (~Android@ has joined #bitcoin-assets [21:34]
jurov` would you? [21:34]
nubbins` srsly, today's loaves are SO GODDAMN SOUR [21:34]
KRS|gotyawallet We should all meet in Prague for food and feast..Prague has the women and leet secks too. [21:34]
nubbins` i just had a tuna sandwich [21:34]
nubbins` and i was in ecstasy [21:34]
nubbins` honestly, i'm more than a bit surprised that i haven't managed to kill my starter yet [21:35]
Vexual The party is going after corruption among Chinese officials. Even though the party needs to clean up, it needs to give its own members an exit plan, as too much prosecution would make the people think that the party is completely corrupt. [21:36]
Vexual Not chinese, just very stoned [21:36]
jurov` The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange, the report said. [21:36]
jurov` roflol [21:36]
nubbins` "showing everyone that the party is completely corrupt would make people think the party is completely corrupt" [21:37]
nubbins` i can see why the party wouldn't want that [21:37]
nubbins` lel [21:37]
assbot [HAVELOCK] [VTX] 25 @ 0.15017479 = 3.7544 BTC [-] {6} [21:39]
assbot [HAVELOCK] [AM1] 2 @ 0.34878472 = 0.6976 BTC [+] [21:40]
* stephengandel (9da69fe6@gateway/web/freenode/ip. has joined #bitcoin-assets [21:42]
assbot [HAVELOCK] [HMF] 4 @ 0.02592 = 0.1037 BTC [+] [21:42]
stephengandel Hi. Had to leave for a bit. Do the prices on mpex go down a lot? [21:42]
stephengandel jurov, you still here? [21:43]
Vexual basement; ladies underwear [21:43]
ThickAsThieves if you are referring to options, they premium has been generally very high since last Summer [21:43]
stephengandel Sorry, not go down as in price, but not available, as in right now? [21:44]
ThickAsThieves of course the rise from 150 to 1200 cerrtainly presented opportunity to profit [21:44]
Vexual [21:44]
ThickAsThieves ah [21:44]
ozbot Bitcoin becoming a standard part of lawsuit discovery requests | Jeff Steinport [21:44]
ThickAsThieves yes it does [21:44]
stephengandel And the collateral I would have to post to sell a $500 call would be .45 of a bitcoin? [21:45]
ThickAsThieves Vexual, bitcoin will be great for divorces [21:45]
ThickAsThieves hehe [21:45]
stephengandel strike / spot BTCUSD + some MPEx-proprietary padding. [21:45]
stephengandel or $495 [21:46]
ThickAsThieves i dont know that one, i assume the collateral is the full value [21:46]
ThickAsThieves .1 [21:46]
ThickAsThieves but you need to ask someone else for sure [21:46]
asciilifeform simple test of your security arrangements. if your PC were to fall into enemy hands, would he know how much BTC you have? (or where.) [21:47]
jurov` stephengandel: the info on the forum is obsolete, as the lot changed from 1BTC into 0.1BTC [21:47]
asciilifeform if the answer is yes, consider it to already belong to the enemy. [21:47]
jurov` so just divide the collateral by 10 [21:47]
* DefectiveNu ( has joined #bitcoin-assets [21:47]
asciilifeform why do you suppose the 'legit' exchanges want your government id? precisely to simplify confiscation. [21:48]
asciilifeform 'aha, you bought 100btc. where is it now? we have this here soldering iron, and you have an arse...' [21:48]
stephengandel OK. So only 0.045 of a bitcoing. And it says the last price on a call for 050 is 0.05232243. So that's what someone would pay me if I could write a call? [21:48]
Vexual TAT, there might be a market for some satoshi dust for petty jilted lovers [21:49]
jurov` oh and people, i'm still searching a decent writer to put the stuff together.. there really isn't anyone who can make the time for some btc? [21:49]
jurov` stephengandel: if you actually sell that for 0.05m, you'll be damned lucky [21:50]
Vexual tehcneciel riting? i canod et [21:50]
stephengandel OK. but the collateral piece is right. Only 0.045. That seems doable. [21:50]
jurov` it needs not be technical.. just that poor fortune redactor can inderstand it [21:50]
stephengandel You're trying to pay freelance writers in bitcoins. Is that what you are saying? [21:52]
stephengandel If I took that contract I would have to hedge, right? [21:52]
stephengandel How do I do that? Just kidding. [21:53]
* DefectiveNu has quit (Ping timeout: 272 seconds) [21:53]
jurov` hedge what? [21:53]
Vexual tounge in cheek? eds and sics? [21:53]
nubbins` asciilifeform: the real rub is that the soldering iron can create new arses [21:54]
assbot [HAVELOCK] [NEOBEE] 50 @ 0.003 = 0.15 BTC [-] [21:54]
nubbins` the obvious defence is to say you lost it all on asicminer shares. [21:54]
stephengandel I could open a bitcoin account on coinbr for 0.1 and then if I could get someone to take it write a call option. Right? Sounds like 0.1 is enough collateral. [21:55]
jurov` yes, should be (also depending on which option you want) [21:56]
* NormDePloome (43f9593d@gateway/web/freenode/ip. has joined #bitcoin-assets [21:57]
stephengandel Do you have any idea how much I would make if I sold a call and bitcoins went to $500. I don't know how to do that math. [21:58]
nubbins` at the risk of being cheeky, you might wish to learn the math before you start moving money around :) [21:58]
* mjoiii_ ( has joined #bitcoin-assets [21:59]
nubbins` although i guess that's one of the reasons why you're here, hey? [21:59]
stephengandel Yes. Call option pricing more than just regular math [21:59]
ThickAsThieves to add to the cheekiness, are suuuuure you wanna bet on BTC falling that much? [21:59]
nubbins` heh [21:59]
ThickAsThieves and then who's gonna buy your call? [21:59]
nubbins` i don't bet anymore, or even invest [22:00]
nubbins` i just hold [22:00]
stephengandel But was able to figure out put price so half way there. [22:00]
stephengandel Is that the same with the put, or do you think I would find someone that would sell me a put with 1100 strike price [22:00]
nubbins` #bitcoin-assets: cheekier than an ass calendar [22:00]
KRS|gotyawallet heh [22:00]
* mjoiii has quit (Ping timeout: 245 seconds) [22:01]
stephengandel If I wanted to buy that contract. I think so, right seems like I would be paying a lot for it [22:01]
jurov` stephengandel: what about if i sell you P110Ts at 0.0033 per? [22:03]
* DefectiveNu ( has joined #bitcoin-assets [22:03]
jurov` you can buy 3 of them for 0.1 [22:03]
jurov` and once on coinbr account, you'll be free to odo with them as you please [22:03]
ThickAsThieves nice [22:04]
jurov` *er.. fix: 0.033 [22:04]
stephengandel so you are saying I could get a better price than the 0.045 we were talking about before? [22:11]
jurov` yes. instead of the bot, i will write the options and sell to you [22:11]
stephengandel So the prices on mpex aren't real? [22:11]
jurov` there's a bot a marketmaker, and her prices are real [22:12]
jurov` but anyone can offer other price [22:12]
jurov` also real [22:12]
* DefectiveNu has quit (Ping timeout: 264 seconds) [22:12]
stephengandel And I could get a better price from you? [22:12]
kakobrekla is this real life? [22:12]
stephengandel What's the price if I wanted to sell the 050 call? [22:13]
stephengandel I guess what would you pay me? [22:13]
* DefectiveNu ( has joined #bitcoin-assets [22:13]
stephengandel Still don't understand how to figure out what that would be worth if the price of a bitcoin drops [22:13]
ThickAsThieves kakobrekla, no this is IRC [22:13]
ThickAsThieves just take the value you want it to settle at [22:14]
ThickAsThieves and subract your premium [22:14]
jurov` current intrinsic value of C050 is about $650 = B0.565 [22:15]
jurov` oh sry that would be for 10 of them [22:16]
jurov` one is B0.0565 [22:16]
jurov` mhm...i'd pay 0.06. i'm not so sure it will go up so much. [22:17]
pankkake IRC is real life to me. the world outside is useless and boring [22:18]
pankkake "and then who's gonna buy your call?" ghostbusters? [22:18]
jurov` no i'll exercise it [22:19]
Vexual megabyte blocks everywhere [22:24]
pankkake scammers mixing coins! [22:25]
jurov` mircea_popescu mia or just lurking and having fun? [22:25]
* ozbot has quit (Remote host closed the connection) [22:26]
* ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets [22:26]
* djcoin_ ( has joined #bitcoin-assets [22:28]
assbot [HAVELOCK] [NEOBEE] 126 @ 0.00282733 = 0.3562 BTC [-] {7} [22:30]
* benkay has quit (Ping timeout: 272 seconds) [22:32]
* gesell1 ( has joined #bitcoin-assets [22:33]
* gesell has quit (Ping timeout: 246 seconds) [22:34]
* arcticwolf has quit (Ping timeout: 240 seconds) [22:39]
assbot [HAVELOCK] [NEOBEE] 95 @ 0.00260466 = 0.2474 BTC [-] {5} [22:48]
assbot [HAVELOCK] [CBTC] 1098 @ 0.00011989 = 0.1316 BTC [+] {2} [22:50]
* AusBitBank ( has joined #bitcoin-assets [22:56]
* mjoiii_ has quit (Read error: Connection reset by peer) [22:57]
* mjoiii ( has joined #bitcoin-assets [22:57]
assbot [HAVELOCK] [HMF] 14 @ 0.02590714 = 0.3627 BTC [-] {5} [23:01]
* Kushedout ( has joined #bitcoin-assets [23:02]
* Kushed has quit (Ping timeout: 246 seconds) [23:04]
assbot [HAVELOCK] [HMF] 11 @ 0.02580909 = 0.2839 BTC [-] {2} [23:06]
* sois has quit (Quit: - A hand crafted IRC client) [23:07]
assbot [HAVELOCK] [HMF] 24 @ 0.02289291 = 0.5494 BTC [-] {6} [23:07]
* lnostdal_ ( has joined #bitcoin-assets [23:10]
Namworld wanted to buy that contract. I think so, right seems like I would be paying a lot for it [23:10]
Namworld [15:03] stephengandel: what about if i sell you P110Ts at 0.0033 per? [23:10]
Namworld [15:03] you can buy 3 of them for 0.1 [23:10]
Namworld [15:03] and once on coinbr account, you'll be free to odo with them as you please [23:10]
Namworld [15:04] nice [23:10]
Namworld [15:04] *er.. fix: 0.033 [23:10]
Namworld what? [23:11]
stephengandel hey, jurov, the fee for buying a put is 1%. Is that for buying and sell? [23:11]
Namworld Arg, stupid mIRC [23:11]
stephengandel Meaning I would pay 1% of my 0.1 when I buy and 1% of what it is worth when I exercize the contract if I do. [23:11]
Namworld this not be right at all. Why did it put that in the clipboard [23:12]
stephengandel Or is it just the 1% when I buy the put [23:12]
Namworld darn [23:13]
TomServo Namworld: I assume you're aware highlighting copies to clipboard? [23:13]
Namworld Yes [23:13]
Namworld I don't think I ever highlighted that part [23:14]
ThickAsThieves lies [23:14]
Namworld Obviously [23:14]
* lnostdal has quit (Ping timeout: 250 seconds) [23:14]
Namworld Human errors > computer errors by quite a large margin. [23:14]
Namworld Sometimes I miscopy something and paste an old clipboard item instead. mIRC sends all lines at once when pasting... [23:15]
Namworld I've just changed my settings so it ask before sending multiple lines [23:15]
Namworld That way I should be able to review [23:15]
* skinnkavaj has quit (Ping timeout: 260 seconds) [23:16]
* ozbot has quit (Remote host closed the connection) [23:16]
* ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets [23:17]
assbot [HAVELOCK] [CFIG] 1 @ 0.101 BTC [-] [23:19]
* ozbot has quit (Remote host closed the connection) [23:23]
* ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets [23:23]
assbot [HAVELOCK] [NEOBEE] 49 @ 0.002681 = 0.1314 BTC [+] [23:24]
* ozbot has quit (Remote host closed the connection) [23:25]
* ozbot (~ozbot@unaffiliated/jezzz/bot/ozcoin) has joined #bitcoin-assets [23:25]
* AusBitBank has quit (Ping timeout: 248 seconds) [23:28]
* Luke-Jr has quit (Excess Flood) [23:30]
* Duffer1 ( has joined #bitcoin-assets [23:31]
assbot [HAVELOCK] [NEOBEE] 208 @ 0.002681 = 0.5576 BTC [+] [23:32]
* Luke-Jr (~luke-jr@unaffiliated/luke-jr) has joined #bitcoin-assets [23:32]
* kleeck_ ( has joined #bitcoin-assets [23:32]
assbot [HAVELOCK] [NEOBEE] 51 @ 0.00289985 = 0.1479 BTC [+] {4} [23:33]
assbot [HAVELOCK] [NEOBEE] 444 @ 0.00299728 = 1.3308 BTC [+] {2} [23:34]
assbot [HAVELOCK] [NEOBEE] 50 @ 0.0029975 = 0.1499 BTC [+] [23:35]
assbot [HAVELOCK] [NEOBEE] 131 @ 0.0029975 = 0.3927 BTC [+] [23:36]
* smidge has quit (Quit: sorry, but you've mistaken me for someone who gives a fuck...) [23:36]
* zoinky has quit (Quit: Leaving.) [23:36]
* daybyter ( has joined #bitcoin-assets [23:38]
thestringpuller mm [23:39]
* benkay (~user@ has joined #bitcoin-assets [23:40]
assbot [HAVELOCK] [NEOBEE] 83 @ 0.0029975 = 0.2488 BTC [+] [23:41]
* skinnkavaj (~skinnkava@ has joined #bitcoin-assets [23:44]
* skinnkavaj has quit (Changing host) [23:44]
* skinnkavaj (~skinnkava@unaffiliated/skinnkavaj) has joined #bitcoin-assets [23:44]
* arbon (62cf5cef@gateway/web/freenode/ip. has joined #bitcoin-assets [23:45]
* kleinessteak has quit (Ping timeout: 245 seconds) [23:47]
jurov` hey, jurov, the fee for buying a put is 1%. Is that for buying and sell? [23:49]
* [8] (~8]@ has joined #bitcoin-assets [23:49]
jurov` ^^ from where you got this? [23:49]
jurov` CoinBr has 0.5% both for buying and selling [23:50]
* kleinessteak ( has joined #bitcoin-assets [23:53]
* stephengandel (9da69fe6@gateway/web/freenode/ip. has left #bitcoin-assets [23:55]
assbot [HAVELOCK] [NEOBEE] 50 @ 0.00299 = 0.1495 BTC [-] [23:55]
* stephengandel (9da69fe6@gateway/web/freenode/ip. has joined #bitcoin-assets [23:56]
* lewicki ( has joined #bitcoin-assets [23:56]
* lewicki has quit (Changing host) [23:56]
* lewicki (~lewicki@unaffiliated/lewicki) has joined #bitcoin-assets [23:56]
stephengandel hi, does anyone remember if we were talking before about buying puts contracts with a strike price of 65 or 80. Thanks. [23:57]
stephengandel i lost the feed from earlier [23:58]
assbot [HAVELOCK] [AM1] 1 @ 0.349499 BTC [+] [23:58]
stephengandel no wait. I remember it was 1100. never mind. Thanks. [23:59]
nubbins` stephengandel: just search via [23:59]
assbot [HAVELOCK] [AM100] 45 @ 0.0033 = 0.1485 BTC [+] [23:59]
assbot [HAVELOCK] [AM1] [PAID] 27.55189305 BTC to 13`849 shares, 198945 satoshi per share [23:59]
stephengandel how do I do that? [23:59]
Category: Logs
Comments feed : RSS 2.0. Leave your own comment below, or send a trackback.
Add your cents! »
    If this is your first comment, it will wait to be approved. This usually takes a few hours. Subsequent comments are not delayed.