Forum logs for 09 Jan 2013
Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
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assbot | [MPEX] [S.DICE] 2100 @ 0.00477613 = 10.0299 BTC [+] | [00:04] |
assbot | [MPEX] [S.DICE] 1300 @ 0.0047582 = 6.1857 BTC [-] | [00:04] |
* | Smoovious (~imp586@75-12-89-18.lightspeed.wyngmi.sbcglobal.net) has joined #bitcoin-assets | [00:04] |
assbot | [HAVELOCK] [SDICE] 8 @ 0.48 = 3.84 BTC [-] | [00:04] |
smickles | 0_o | [00:05] |
smickles | nice to see more things in the ass | [00:06] |
dub | wat | [00:06] |
smickles | 22:04 <@assbot> [HAVELOCK] [SDICE] 8 @ 0.48 = 3.84 BTC [-] | [00:06] |
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assbot | [MPEX] [S.DICE] 296 @ 0.0047582 = 1.4084 BTC [-] | [00:13] |
Anduck | mircea_popescu: u from wut country? | [00:14] |
mircea_popescu | i from my country which is romania | [00:14] |
Anduck | i'm just telling irl friend about you and MPEX and how much one can make btc in a month by owning such exchange | [00:14] |
assbot | [MPEX] [O.BTCUSD.C120T] 1 @ 0.16091948 BTC [-] | [00:14] |
assbot | [MPEX] [O.BTCUSD.P120T] 1 @ 0.0647318 BTC [-] | [00:14] |
assbot | [MPEX] [O.BTCUSD.C130T] 1 @ 0.132 BTC [-] | [00:15] |
assbot | [MPEX] [O.BTCUSD.P130T] 1 @ 0.09130116 BTC [-] | [00:15] |
mircea_popescu | lol | [00:15] |
assbot | [MPEX] [O.BTCUSD.C140T] 1 @ 0.1 BTC [-] | [00:15] |
mircea_popescu | not "one" tho. | [00:15] |
Anduck | well | [00:15] |
Anduck | don't you own like 800k of S.MPOE? | [00:15] |
assbot | [MPEX] [O.BTCUSD.P140T] 1 @ 0.12379657 BTC [-] | [00:15] |
Anduck | or 900k | [00:15] |
mircea_popescu | but i'm not "one", i'm me. | [00:16] |
mircea_popescu | others have tried and it worked a little worse. | [00:16] |
Anduck | yes yes, | [00:16] |
Anduck | me is me , you is you | [00:16] |
Namworld | Mircea is not alone working on MPEx... | [00:16] |
Anduck | Namworld: who coded mpe? | [00:16] |
Anduck | x | [00:16] |
Anduck | * | [00:16] |
Namworld | He got a small team of unkown size | [00:16] |
Anduck | aight | [00:16] |
mircea_popescu | nobody is really ever alone. | [00:16] |
mircea_popescu | Anduck tis in the faq. | [00:16] |
assbot | [MPEX] [S.DICE] 1800 @ 0.00463954 = 8.3512 BTC [-] | [00:16] |
mircea_popescu | one of these days you should splurge 20 bitcoins' worth of reading and read the faq lol | [00:16] |
assbot | [MPEX] [S.DICE] 4348 @ 0.00459059 = 19.9599 BTC [-] | [00:16] |
Anduck | it might cause brain damage, though | [00:17] |
mircea_popescu | maybe it cauyses brain fixage, how do you know. | [00:18] |
Anduck | never know... | [00:18] |
Anduck | how many mpex-like exchanges there is? | [00:19] |
Anduck | is mpex just another brick in the wall? | [00:19] |
mircea_popescu | there's about half a dozen, but mpex has 9x% of the volume | [00:19] |
Anduck | cool | [00:19] |
mircea_popescu | sorta mtgox like situation | [00:19] |
Anduck | yup | [00:19] |
Anduck | which was bigger at the end of glbse, mpex or glbse? | [00:20] |
Namworld | MPEx | [00:20] |
Anduck | (btw, nobody was enough as to notice my PF-references??) | [00:20] |
Anduck | is it S.DICE that makes it bigger, only? | [00:20] |
mircea_popescu | what's pf ? | [00:21] |
Anduck | pink floyd | [00:21] |
mircea_popescu | Anduck s.mpoe is actually larger. | [00:21] |
Anduck | mircea_popescu: s.mpoe wouldnt be without S.DICE... | [00:21] |
Anduck | duh | [00:21] |
smickles | mircea_popescu: how about those mpex futures | [00:21] |
Anduck | there wouldnt be S.MPOE if there was no S.DICE, right, mircea_popescu? | [00:21] |
mircea_popescu | s.mpoe was larger when s.dice ipoed, too | [00:21] |
smickles | not all that popular, it seems | [00:21] |
mircea_popescu | smickles dead huh. | [00:21] |
assbot | [MPEX] [O.BTCUSD.C120T] 1 @ 0.16089199 BTC [-] | [00:22] |
assbot | [MPEX] [O.BTCUSD.P120T] 1 @ 0.06470431 BTC [-] | [00:22] |
mircea_popescu | actually mpex trade record was sometime in september, just about when glbse was crashing | [00:22] |
smickles | mircea_popescu: a problem with them is that btc are expected to rise, so buying those futures is like cashing out of btc | [00:22] |
mircea_popescu | it did something under 200k in trade then | [00:22] |
mircea_popescu | smickles i know, i know. | [00:23] |
mircea_popescu | what's one to do. | [00:23] |
smickles | if the options were cheaper, it might work | [00:23] |
smickles | as if you could pull that off tho | [00:23] |
mircea_popescu | the real macro problem here is that because btc and fiat are so badly decoupled | [00:23] |
mircea_popescu | any non-btc/fiat signal is drowned | [00:24] |
mircea_popescu | i guess in a backwards way the futures uptake is a measure of btc/fiat decouplement. | [00:24] |
assbot | [MPEX] [S.DICE] 650 @ 0.00461461 = 2.9995 BTC [+] | [00:24] |
assbot | [MPEX] [S.DICE] 350 @ 0.00459059 = 1.6067 BTC [-] | [00:24] |
assbot | [MPEX] [S.DICE] 2300 @ 0.00468211 = 10.7689 BTC [+] | [00:31] |
assbot | [MPEX] [S.DICE] 1986 @ 0.00459059 = 9.1169 BTC [-] | [00:40] |
assbot | [MPEX] [S.MPOE] 9750 @ 0.0006446 = 6.2849 BTC [-] | [00:43] |
assbot | [MPEX] [S.MPOE] 156750 @ 0.00066 = 103.455 BTC [+] | [00:43] |
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assbot | [MPEX] [S.DICE] 1689 @ 0.00449001 = 7.5836 BTC [-] | [00:57] |
kakobrekla | "I will tell you a secret: Dealmaking | [00:59] |
kakobrekla | beats working. Dealmaking is exciting and fun, and working is | [00:59] |
kakobrekla | grubby. Running anything is primarily an enormous amount of | [00:59] |
kakobrekla | grubby detail work . . . dealmaking is romantic, sexy. That's | [00:59] |
kakobrekla | why you have deals that make no sense." | [00:59] |
kakobrekla | hehe | [00:59] |
jurov | reminds me of http://xkcd.com/1060/ | [01:00] |
mod6 | heheh | [01:02] |
assbot | [MPEX] [S.DICE] 3442 @ 0.00449001 = 15.4546 BTC [-] | [01:02] |
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jurov | omg.. when i finally stop being addicted to trash like http://www.youtube.com/watch?v=BLBJ1geMNJc | [01:05] |
mircea_popescu | kakobrekla that's why you have a bunch of sitcom people doing "entrepreneurship" rutines these days. | [01:06] |
mircea_popescu | that misrepresentation. | [01:06] |
mod6 | jurov: pass me a glo stick | [01:06] |
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jurov | *----* | [01:07] |
mod6 | hahahah | [01:07] |
mircea_popescu | http://xkcd.com/150/ | [01:08] |
mod6 | http://xkcd.com/153/ | [01:10] |
kakobrekla | btw, that quote is from Buffets shareholder letter | [01:10] |
mircea_popescu | many years ago iirc | [01:12] |
kakobrekla | 95 | [01:12] |
assbot | [MPEX] [S.DICE] 1900 @ 0.00450904 = 8.5672 BTC [+] | [01:14] |
assbot | [MPEX] [S.DICE] 314 @ 0.0045325 = 1.4232 BTC [+] | [01:14] |
assbot | [MPEX] [S.DICE] 1508 @ 0.00457957 = 6.906 BTC [+] | [01:14] |
Bugpowder | !ticker s.dice | [01:18] |
assbot | [MPEX:S.DICE] 1day: 0.00449 / 0.00469837 / 0.0047888 (544375 shares, 2,557.68 BTC), 30day: 0.0014 / 0.0033951 / 0.0048 (13880020 shares, 47,124.18 BTC) | [01:18] |
assbot | [MPEX] [S.DICE] 239 @ 0.00468211 = 1.119 BTC [+] | [01:18] |
assbot | [MPEX] [S.DICE] 1361 @ 0.00472449 = 6.43 BTC [+] | [01:18] |
Bugpowder | http://www.youtube.com/embed/5ZUPniBo5UQ | [01:19] |
Bugpowder | New BFL chassis | [01:19] |
Bugpowder | The BIGGEST NEWS at BFL @ CES is.... Android mining software | [01:20] |
mircea_popescu | uh | [01:20] |
mircea_popescu | did they get hot chicks at least ? | [01:21] |
Bugpowder | no | [01:21] |
Anduck | realy? | [01:22] |
mircea_popescu | wtf is the point | [01:22] |
Bugpowder | Looks like their mini rig SC demo is gettin 980MH/s | [01:24] |
mircea_popescu | Bitcoin Flakes Laboratories consist of a solitary man with a messy apartment which may or may not contain a chicken. | [01:25] |
mircea_popescu | no chicks. | [01:25] |
Bugpowder | oh... its an FPGA single | [01:26] |
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kakobrekla | lol wtf are they gonna resell rooted nexuses | [01:27] |
mircea_popescu | i would guess the battery cost would make phone mining impossible | [01:29] |
assbot | [HAVELOCK] [SDICE] 50 @ 0.48 = 24 BTC [-] | [01:29] |
Anduck | i do not have idea | [01:30] |
jurov | they can mine while charging | [01:30] |
Anduck | why they dont use some cheap chinese tabs... | [01:30] |
Anduck | ainol novo 7's | [01:30] |
jurov | or decommissioned 386's | [01:30] |
assbot | [MPEX] [S.DICE] 3907 @ 0.00458881 = 17.9285 BTC [-] | [01:30] |
Anduck | they could even resell them with permission as a part of their own product | [01:30] |
error3477 | wtf... [HAVELOCK] [SDICE] 50 @ 0.48 = 24 BTC [-] | [01:33] |
mircea_popescu | ;;google error3477 | [01:33] |
error3477 | mistake ? | [01:33] |
gribble | Commander Books List - kellysComics: |
[01:33] |
mircea_popescu | error3477 it's a passthrough | [01:34] |
jurov | error3477 that's their passthrough 1000 S.DICE:1 | [01:34] |
error3477 | ook :) | [01:34] |
mircea_popescu | wait | [01:35] |
mircea_popescu | it's trading 10% of mpex price ?! | [01:35] |
assbot | [MPEX] [S.DICE] 2975 @ 0.00472449 = 14.0554 BTC [+] | [01:35] |
mircea_popescu | omg buy ? | [01:35] |
jurov | no sry, it's 100:1 | [01:35] |
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jurov | when assbot will report sdice pt's from btct&bitfunder...now that will be hilarious | [01:38] |
jurov | S.DICE to rule them all, S.DICE to find them, S.DICE to bring them all and in the darkness bind them | [01:40] |
assbot | [MPEX] [S.DICE] 2900 @ 0.00466745 = 13.5356 BTC [-] | [01:41] |
assbot | [MPEX] [S.DICE] 64 @ 0.00472449 = 0.3024 BTC [+] | [01:43] |
assbot | [MPEX] [S.DICE] 4936 @ 0.00478699 = 23.6286 BTC [+] | [01:43] |
assbot | [MPEX] [S.DICE] 1200 @ 0.00466745 = 5.6009 BTC [-] | [01:46] |
assbot | [MPEX] [S.DICE] 349 @ 0.00466042 = 1.6265 BTC [-] | [01:46] |
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dub | wats with the hashrate variance on that BFL 'roid | [01:55] |
kakobrekla | 72TH mine is canceled | [01:56] |
dub | high ambient at CES making it throttle | [01:56] |
kakobrekla | hehe | [01:56] |
assbot | [MPEX] [S.DICE] 2400 @ 0.00466042 = 11.185 BTC [-] | [01:56] |
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JWU42 | dub: huh? | [01:57] |
JWU42 | they have a working prototype at CES? | [01:58] |
dub | no | [01:58] |
dub | they have an android bfgminer skin | [01:58] |
JWU42 | ahh | [01:58] |
dub | [18:19] |
[01:58] |
dub | and a rig chassis with a nexus 7 on the front | [01:58] |
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assbot | [HAVELOCK] [SDICE] 5 @ 0.48 = 2.4 BTC [-] | [02:01] |
assbot | [MPEX] [S.DICE] 900 @ 0.00478696 = 4.3083 BTC [+] | [02:12] |
* | gigavps (~gigavps@184.89.201.201) has joined #bitcoin-assets | [02:14] |
JWU42 | HAVELOCK ? | [02:18] |
gigavps | HAVEGUN? | [02:18] |
gigavps | this bASIC drama is a bit overwhelming | [02:18] |
Anduck | what drama? | [02:18] |
JWU42 | quite | [02:18] |
Anduck | the march shipping | [02:18] |
Anduck | ? | [02:18] |
JWU42 | just starting idling in there | [02:18] |
Anduck | okay i ask this again: who | [02:18] |
Anduck | is | [02:18] |
Anduck | firsy? | [02:19] |
Anduck | *t | [02:19] |
Anduck | who's first shipping asics out or mining with them? | [02:19] |
gigavps | lol what drama | [02:19] |
gigavps | nobody yet | [02:19] |
gigavps | no asics | [02:19] |
Anduck | but who will be | [02:19] |
Anduck | ? | [02:19] |
gigavps | asics are never coming | [02:19] |
gigavps | BFL hopefully | [02:19] |
Anduck | ASICs are never coming..? | [02:19] |
* | gigavps hugs his mini rigs | [02:20] |
Anduck | hopefully.. but who realistically? | [02:20] |
gigavps | no clue | [02:20] |
Anduck | i got no rigs ordered from anywhere | [02:20] |
Anduck | except i got a few asicminer shares | [02:20] |
gigavps | avalon is now saying they don't know how much is going to ship before cny | [02:20] |
Anduck | wo | [02:20] |
Anduck | they delaying too? | [02:20] |
gigavps | asicminer still has a month to get theirs up | [02:20] |
Anduck | mm | [02:21] |
gigavps | basic is under the bus with all of their customers upset | [02:21] |
Anduck | yup | [02:21] |
gigavps | BFL is silent | [02:21] |
Anduck | but u gotta admit that the notification was shiit | [02:21] |
mircea_popescu | yah asicminer has the best model for not delivering./ | [02:21] |
Anduck | why? | [02:21] |
Anduck | i think asicminer 'll be first | [02:21] |
Anduck | atleast theyve gave pics of some chips | [02:21] |
Anduck | (might be asic, might be not) | [02:22] |
mircea_popescu | that's besides rthe point. | [02:22] |
mircea_popescu | if nobody delivers chips they're in the best position | [02:22] |
mircea_popescu | cause at least they don't have a bunch of customers pissy | [02:23] |
mircea_popescu | they have a bunch of "shareholders" | [02:23] |
dub | somebody in #bitcoin a few hours ago said they got an email from BFL yesterday quoting a march ship | [02:26] |
thestringpuller | mircea_popescu just like you have an "exchange" with "shareholders" | [02:26] |
mircea_popescu | not at all. | [02:27] |
thestringpuller | i was being sarcastic | [02:27] |
thestringpuller | lol | [02:27] |
thestringpuller | long day | [02:27] |
mircea_popescu | teh ppl with asicminer shares get pissed off what are they gonna do ? sell on forum ? | [02:27] |
thestringpuller | file mpex suit | [02:28] |
mircea_popescu | lol right | [02:28] |
mircea_popescu | does the guy even have a signature ? | [02:28] |
thestringpuller | rota court is in session | [02:28] |
mircea_popescu | o hey, lots of nfl action on bitbet. whodda thunk it. | [02:28] |
dub | prolly not, he named himself after his fav food | [02:29] |
Namworld | hey gigavps, how long till your lawyer answers? | [02:29] |
assbot | [MPEX] [S.DICE] 354 @ 0.00473087 = 1.6747 BTC [-] | [02:29] |
assbot | [MPEX] [S.DICE] 2496 @ 0.00476298 = 11.8884 BTC [+] | [02:29] |
Namworld | He's pretty silent. | [02:29] |
thestringpuller | Bet: Falcons makes it to the super bowl | [02:29] |
dub | I havent looked and don't have keys handy, is coinbr letting us place bitbet orders for the IPO? | [02:31] |
thestringpuller | was there a UFO sighting? | [02:31] |
thestringpuller | ;;seen smickles | [02:31] |
gribble | smickles was last seen in #bitcoin-assets 2 hours, 8 minutes, and 33 seconds ago: |
[02:31] |
jurov | dub, yes | [02:32] |
dub | jurov: cool, thanks | [02:32] |
mircea_popescu | looks like it's gonna sell out that. | [02:32] |
jurov | dub, if you want to fund, hurry. | [02:33] |
thestringpuller | at what price | [02:33] |
jurov | i'll go to sleep, then before i wake up, mircea will go to sleep, etc. | [02:33] |
dub | jurov: still 2 days away from IPO no? | [02:33] |
thestringpuller | mircea_popescu: what are IPO prices for S.BitBet | [02:34] |
jurov | yeash, we'll manage to get the funds in place till that | [02:34] |
thestringpuller | !ticker S.BVPS | [02:34] |
assbot | [MPEX:S.BVPS] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.00200003 / 0.0034158 / 0.0067 (14758 shares, 50.41 BTC) | [02:34] |
mircea_popescu | thestringpuller a little more complex system, it's in teh contract. | [02:35] |
mircea_popescu | http://bitbet.us/bet/2/ lmao @ discussion. | [02:35] |
mircea_popescu | tru anonimity! | [02:35] |
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thestringpuller | Boromir | [02:36] |
thestringpuller | One does not simply crash into MPEx | [02:36] |
dub | heh | [02:36] |
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dub | I take it the third comment is suggesting if MPOE is goes so does btc | [02:37] |
dub | s/is// | [02:37] |
thestringpuller | cat comments | sed | [02:37] |
mircea_popescu | dub i like the odds tho. it's like... 300:1 but "we win nothing" | [02:37] |
mircea_popescu | dawg... | [02:37] |
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dub | dude that captcha is HARD | [02:39] |
mircea_popescu | mhm. | [02:39] |
dub | roman numerals, what is this, junior school | [02:39] |
mircea_popescu | yes. | [02:40] |
mircea_popescu | literally. | [02:40] |
thestringpuller | mr. popescu | [02:41] |
thestringpuller | option | [02:41] |
thestringpuller | emporium | [02:41] |
thestringpuller | I get it | [02:41] |
* | Guest56134 is now known as midnightmagic_ | [02:41] |
thestringpuller | like da movie | [02:41] |
mircea_popescu | what movie ? | [02:42] |
Anduck | mircea_popescu | [02:43] |
Anduck | u all day at comp? | [02:43] |
mircea_popescu | depends. | [02:44] |
Anduck | 2nd: | [02:44] |
Anduck | why is there no clear odds? | [02:44] |
Anduck | at bitbetus | [02:45] |
mircea_popescu | "clear odds" means what ? | [02:45] |
Anduck | like.. | [02:46] |
Anduck | 1.54 / 1.34 | [02:46] |
Anduck | u win ur bet 1.54 times | [02:46] |
Anduck | on yes | [02:46] |
Anduck | and 1.34 on no | [02:46] |
mircea_popescu | http://bitbet.us/bet/27/ | [02:47] |
mircea_popescu | 1.01 : 20.08 | [02:47] |
thestringpuller | mr. magoos wonderful emporium or something | [02:47] |
mircea_popescu | seems pretty clear | [02:47] |
Anduck | well | [02:47] |
Anduck | it doesnt say clearly how much you win if you bet x amount | [02:47] |
Anduck | i mean.. | [02:47] |
Anduck | there's no multiplier!!! | [02:47] |
mircea_popescu | it's mutual betting. | [02:48] |
Anduck | should state like Yes: 1.35, No: 1.679whatevr | [02:48] |
mircea_popescu | that's line betting. | [02:48] |
Anduck | ok | [02:48] |
mircea_popescu | i can't believe people's reaction is "we should be stolen from". | [02:48] |
mircea_popescu | dude. the absence of a bookie means you're not being fucked in the ass. | [02:48] |
dub | I demand an assfucking! | [02:53] |
mircea_popescu | jus for you http://polimedia.us/dtng/c/src/135762166366.jpg | [02:55] |
dub | im sure thats sfw | [02:55] |
dub | let me click right on that | [02:55] |
mircea_popescu | its not sfw. | [02:55] |
dub | nowai | [02:56] |
mircea_popescu | honest. | [02:56] |
assbot | [MPEX] [S.DICE] 754 @ 0.00476298 = 3.5913 BTC [+] | [02:57] |
assbot | [MPEX] [S.DICE] 736 @ 0.00478696 = 3.5232 BTC [+] | [02:57] |
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mircea_popescu | meanwhile back at glbse headquarters http://pjmedia.com/blog/did-obama-and-holder-scuttle-terror-finance-prosecutions/ | [03:06] |
assbot | [MPEX] [S.DICE] 1100 @ 0.00467325 = 5.1406 BTC [-] | [03:06] |
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assbot | [MPEX] [S.DICE] 222 @ 0.00467325 = 1.0375 BTC [-] | [03:25] |
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assbot | [MPEX] [S.MPOE] 2400 @ 0.00065877 = 1.581 BTC [-] | [03:27] |
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dub | rails gets railed http://arstechnica.com/security/2013/01/extremely-crtical-ruby-on-rails-bug-threatens-more-than-200000-sites/ | [03:33] |
assbot | [MPEX] [S.DICE] 1500 @ 0.00478696 = 7.1804 BTC [+] | [03:33] |
thestringpuller | lo | [03:35] |
* | Ukto (~Kami-Sama@99-30-79-193.lightspeed.rcsntx.sbcglobal.net) has joined #bitcoin-assets | [03:36] |
assbot | [MPEX] [S.DICE] 400 @ 0.00478247 = 1.913 BTC [-] | [03:41] |
* | Gladamas_ (~Gladamas@97-115-138-92.spkn.qwest.net) has joined #bitcoin-assets | [03:44] |
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assbot | [MPEX] [S.DICE] 1051 @ 0.00471275 = 4.9531 BTC [-] | [03:45] |
assbot | [MPEX] [S.DICE] 383 @ 0.00467325 = 1.7899 BTC [-] | [03:45] |
mircea_popescu | heh. | [03:53] |
assbot | [MPEX] [S.DICE] 376 @ 0.00467325 = 1.7571 BTC [-] | [03:54] |
assbot | [MPEX] [S.DICE] 1043 @ 0.00466765 = 4.8684 BTC [-] | [03:54] |
assbot | [MPEX] [S.DICE] 31 @ 0.00466042 = 0.1445 BTC [-] | [03:54] |
mircea_popescu | mpex safety announcement : mpex uses no ruby on rails or anything else at all. | [03:58] |
mircea_popescu | dun dun dun. | [03:58] |
dub | vim: the one true CMS | [03:59] |
mircea_popescu | and everything else. | [03:59] |
mircea_popescu | tho i think half of it is written in nano | [03:59] |
dub | eww | [03:59] |
mircea_popescu | update their systems as soon as possible to versions 3.2.11, 3.1.10, 3.0.19, or 2.3.15 | [04:00] |
mircea_popescu | who the fuck is maintainijng that package lmao | [04:00] |
mircea_popescu | they have three stable 3's ? | [04:01] |
dub | fuck this si some mind numbing shit | [04:01] |
dub | building network records | [04:02] |
dub | fuck. ing. sucks. | [04:02] |
mircea_popescu | lol | [04:05] |
thestringpuller | ;;seen Ukto | [04:06] |
gribble | Ukto was last seen in #bitcoin-assets 1 day, 1 hour, 2 minutes, and 18 seconds ago: |
[04:06] |
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smickles | heh, thestringpuller has been replaced by ;;seen-bot | [04:10] |
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thestringpuller | smickles: sup | [04:23] |
kakobrekla | to whoever might be interested, you can now search bitbet by bitcoin address, and mix that with keywords etc | [04:24] |
Ukto | thestringpuller: havent had a chance to test | [04:27] |
Ukto | my computer tried to die | [04:27] |
Ukto | besides | [04:27] |
Ukto | it will take me a few days to test | [04:27] |
Ukto | i think it will take at least 10hrs of play to get to disc2 | [04:28] |
smickles | Ukto: the original baldur's gate? | [04:30] |
smickles | there were 5 or 6 disks on that game | [04:31] |
smickles | ;;ticker | [04:32] |
gribble | BTCUSD ticker | Best bid: 13.80302, Best ask: 13.82999, Bid-ask spread: 0.02697, Last trade: 13.83000, 24 hour volume: 39611.17893164, 24 hour low: 13.55011, 24 hour high: 13.87998, 24 hour vwap: 13.73806 | [04:32] |
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mircea_popescu | baldur gate was cool | [04:35] |
smickles | agreed, I find myself going back to it from time to time | [04:36] |
Ukto | smickles: ff7 | [04:36] |
Ukto | hadntl played bg in a long time | [04:37] |
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assbot | [MPEX] [S.DICE] 1236 @ 0.00466572 = 5.7668 BTC [+] | [04:55] |
Namworld | baldur's gate is nice. So is FF7 | [04:56] |
Namworld | But I prefer FF6 | [04:57] |
mircea_popescu | Not really. They're not at the LVCC, but at the Sands Convention Centre. That's like half an hour away from the "real" CES. | [04:58] |
mircea_popescu | ouch. | [04:58] |
dub | meanwhile in libertarianism http://www.politico.com/blogs/media/2013/01/the-deport-piers-morgan-creator-blows-up-on-cnn-153577.html?ml=po_r | [05:01] |
mircea_popescu | "What makes it possible to buy drugs with Tide is not because Tide is useful as a detergent. It’s because drug dealers and users have agreed that it is currency." | [05:09] |
mircea_popescu | forbes, now with extra esl. | [05:09] |
mircea_popescu | da fuck. | [05:09] |
mircea_popescu | why are people like this allowed to write ? | [05:10] |
assbot | [MPEX] [S.DICE] 1079 @ 0.0046899 = 5.0604 BTC [+] | [05:14] |
assbot | [MPEX] [S.DICE] 588 @ 0.00469194 = 2.7589 BTC [+] | [05:14] |
assbot | [MPEX] [S.DICE] 380 @ 0.00469194 = 1.7829 BTC [+] | [05:17] |
assbot | [MPEX] [S.DICE] 400 @ 0.00469194 = 1.8768 BTC [+] | [05:22] |
kakobrekla | ;;bc,convert eur | [05:24] |
gribble | 1 BTC = 13.75002 U.S. dollars = 10.5227061 Euros | [05:24] |
assbot | [MPEX] [S.DICE] 800 @ 0.00466572 = 3.7326 BTC [-] | [05:25] |
kakobrekla | lol that alex guy | [05:32] |
kakobrekla | a monkey is smarter than that. | [05:32] |
assbot | [MPEX] [S.DICE] 1150 @ 0.00468285 = 5.3853 BTC [+] | [05:35] |
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Diablo-D3 | mircea_popescu: yeah, that entire article is full of shit | [05:41] |
Diablo-D3 | I read it earlier | [05:41] |
Diablo-D3 | Tide _is_ useful as a detergent | [05:41] |
Diablo-D3 | its the only one left on the market that they havent raped the forumula to | [05:41] |
assbot | [MPEX] [S.DICE] 264 @ 0.00466572 = 1.2318 BTC [-] | [05:42] |
assbot | [MPEX] [S.DICE] 308 @ 0.00466042 = 1.4354 BTC [-] | [05:42] |
* | PeterL (~peter@108-204-237-26.lightspeed.sgnwmi.sbcglobal.net) has joined #bitcoin-assets | [05:43] |
mircea_popescu | Diablo-D3 http://polimedia.us/trilema/2013/forbes-now-with-a-little-extra-esl-and-a-whole-lot-of-extra-stupid/ | [05:47] |
mircea_popescu | an' i hope he chokes on it. | [05:47] |
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assbot | [MPEX] [S.MPOE] 5300 @ 0.00065877 = 3.4915 BTC [-] | [05:50] |
assbot | [MPEX] [S.DICE] 563 @ 0.00466042 = 2.6238 BTC [-] | [05:56] |
assbot | [MPEX] [S.DICE] 237 @ 0.00465713 = 1.1037 BTC [-] | [05:56] |
assbot | [MPEX] [S.DICE] 900 @ 0.00468285 = 4.2146 BTC [+] | [05:57] |
* | chippewa (~chippewa@c-76-102-117-124.hsd1.ca.comcast.net) has joined #bitcoin-assets | [05:58] |
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assbot | [MPEX] [S.DICE] 650 @ 0.00466274 = 3.0308 BTC [-] | [06:22] |
* | yellowhat (~Thunderbi@unaffiliated/yellowhat) has joined #bitcoin-assets | [06:26] |
assbot | [MPEX] [S.DICE] 800 @ 0.00466274 = 3.7302 BTC [-] | [06:26] |
assbot | [MPEX] [S.DICE] 350 @ 0.00465822 = 1.6304 BTC [-] | [06:26] |
assbot | [MPEX] [S.DICE] 450 @ 0.00465713 = 2.0957 BTC [-] | [06:26] |
* | chippewa has quit (Remote host closed the connection) | [06:27] |
assbot | [MPEX] [S.DICE] 50 @ 0.00468285 = 0.2341 BTC [+] | [06:28] |
assbot | [MPEX] [S.DICE] 450 @ 0.00468405 = 2.1078 BTC [+] | [06:28] |
assbot | [MPEX] [S.DICE] 282 @ 0.00469194 = 1.3231 BTC [+] | [06:28] |
assbot | [MPEX] [S.DICE] 1620 @ 0.00471475 = 7.6379 BTC [+] | [06:28] |
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mircea_popescu | However, recent evidence suggests that Duqu may have been written in Object Oriented C (OO C) and compiled in Microsoft Visual Studio 2008. | [06:47] |
mircea_popescu | ahahaha omg that'd be the end all. | [06:47] |
assbot | [MPEX] [S.DICE] 1277 @ 0.00465713 = 5.9472 BTC [-] | [06:48] |
assbot | [MPEX] [S.DICE] 236 @ 0.00465713 = 1.0991 BTC [-] | [06:52] |
assbot | [MPEX] [S.DICE] 1070 @ 0.0046549 = 4.9807 BTC [-] | [06:52] |
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Namworld | argh I'm tired | [06:55] |
* | [7] (~quassel@rockbox/developer/TheSeven) has joined #bitcoin-assets | [06:55] |
Namworld | Once again no credit | [06:56] |
Namworld | I have to learn to stop clicking on polimedia links. | [06:56] |
Namworld | I don't know why but I can never read anything. | [06:56] |
mircea_popescu | http://forums.radioreference.com/community-announcements-news/257379-ask-rr-would-you-pay-subscription-bitcoins.html#post1889295 | [06:56] |
mircea_popescu | this is great. | [06:56] |
mircea_popescu | "If there were more robust security, in the bit coin infrastructure. I'd consider it, but as its setup now, not very likely. " | [06:58] |
mircea_popescu | "Bitcoins, in theory, could become the next universal currency. However, they are a pain to obtain (if you're not buying them outright) and the security model could use some work." | [06:59] |
mircea_popescu | i guess i'd better buy vitriol. | [06:59] |
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Namworld | "the security model" could use some work. | [07:01] |
Namworld | what the fuck? | [07:02] |
JohnGalt2 | yeah those morons want centralized shit and to reverse transactions. Because that's what they used to and they gave all their responsibilities to nanny governments | [07:02] |
mircea_popescu | its a very funny read, to me. | [07:02] |
mircea_popescu | this very entrenched western notion that everyone's entitled to an opinion. | [07:03] |
mircea_popescu | best thing for comedy. | [07:03] |
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assbot | [MPEX] [S.DICE] 330 @ 0.00471475 = 1.5559 BTC [+] | [07:05] |
assbot | [MPEX] [S.DICE] 682 @ 0.00472303 = 3.2211 BTC [+] | [07:05] |
assbot | [MPEX] [S.DICE] 188 @ 0.00473903 = 0.8909 BTC [+] | [07:05] |
Namworld | Someone should post something. | [07:08] |
kakobrekla | post | [07:09] |
assbot | [MPEX] [S.DICE] 1312 @ 0.00473903 = 6.2176 BTC [+] | [07:09] |
assbot | [MPEX] [S.DICE] 650 @ 0.00474657 = 3.0853 BTC [+] | [07:09] |
assbot | [MPEX] [S.DICE] 38 @ 0.00474845 = 0.1804 BTC [+] | [07:09] |
Namworld | Ok | [07:09] |
kakobrekla | im gonna open a chocholate beer i think | [07:09] |
Namworld | Hey... I want one. | [07:10] |
kakobrekla | http://farm9.staticflickr.com/8010/7467168670_727523ac12_z.jpg | [07:11] |
kakobrekla | woah | [07:16] |
kakobrekla | this aint bad at all. | [07:16] |
kakobrekla | http://healthland.time.com/2012/12/13/controversial-surgery-for-addiction-burns-away-brains-pleasure-center/ | [07:24] |
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* | PeterL has quit (Quit: Quit!) | [07:27] |
assbot | [MPEX] [S.MPOE] 9292 @ 0.00064183 = 5.9639 BTC [-] | [07:27] |
assbot | [MPEX] [S.MPOE] 4354 @ 0.00063645 = 2.7711 BTC [-] | [07:27] |
assbot | [MPEX] [S.MPOE] 1681 @ 0.0006363 = 1.0696 BTC [-] | [07:27] |
assbot | [MPEX] [S.DICE] 1300 @ 0.00471394 = 6.1281 BTC [-] | [07:28] |
assbot | [MPEX] [S.DICE] 700 @ 0.00468492 = 3.2794 BTC [-] | [07:28] |
assbot | [MPEX] [S.DICE] 1200 @ 0.00468424 = 5.6211 BTC [-] | [07:28] |
assbot | [MPEX] [S.DICE] 2300 @ 0.0046549 = 10.7063 BTC [-] | [07:28] |
Namworld | Ok, well maybe we need to get some "stupidized" bitcoin explanation | [07:33] |
Namworld | A bitcoin for dummies kind of thing... | [07:33] |
kakobrekla | why | [07:33] |
mircea_popescu | yes. why ? | [07:34] |
Namworld | Well because it needs to be super short for the short attention span of people inquiring about Bitcoins. | [07:35] |
Namworld | Well although I guess we already have that. | [07:35] |
mircea_popescu | you don't get it. | [07:35] |
mircea_popescu | why do we want stupid people ? | [07:35] |
assbot | [MPEX] [S.DICE] 710 @ 0.00474845 = 3.3714 BTC [+] | [07:35] |
Graet | we will get them whether they want opr not | [07:36] |
JohnGalt2 | because we want the stupid people money | [07:36] |
Graet | most of them dont really understand how fiat or credit cards actually "work" but use them daily, but feel they need to know every intracacy of bitcoin before using it | [07:36] |
Graet | shrug | [07:37] |
Namworld | We don't want them, we want the business. Why is apple making so much money? For selling easy to use and elegant products. And they milk their customer base as much as possible. | [07:37] |
mircea_popescu | Graet yes, we will get them either way. they're worthless. why bother ? | [07:37] |
Namworld | They don't need to even know that much about Bitcoin. | [07:37] |
mircea_popescu | apple is possibly the single worst comparison to btc | [07:37] |
Graet | thats what i said Namworld ;) | [07:38] |
mircea_popescu | we are exactly diametrically opposed in every single aspect | [07:38] |
mircea_popescu | simple example : satoshi is dead, btc benefits from it. jobs is dead, apple is doomed. | [07:38] |
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kakobrekla | satoshi is not dead | [07:39] |
JohnGalt2 | if btc benefits from a dead satoshi, then let's kill him? | [07:39] |
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mircea_popescu | kakobrekla prove it ? | [07:40] |
assbot | [MPEX] [S.DICE] 1000 @ 0.00474564 = 4.7456 BTC [-] | [07:40] |
Namworld | Probably not that great a comparison. But they don't need to know that much about it. If they didn't have such misconception of Bitcoins, they wouldn't oppose using it and could use a third party processor. Yes, there's still the payment processor, but there's less fees and it doesn't support the archaic closed credit card/banking system. | [07:40] |
kakobrekla | wanna bet | [07:40] |
mircea_popescu | JohnGalt2 im just making the point that in the sense jobs is dead (ie, no longer driving apple) so is satoshi | [07:40] |
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mircea_popescu | Namworld their misconceptions are for the greater good. | [07:40] |
mircea_popescu | they don't belong mucking up bitcoin | [07:40] |
mircea_popescu | and no, we don't want their business, either. | [07:41] |
mircea_popescu | their business is very expensive. rape-them-in-the-ass corps like banks etc are very good at keeping their idiocy expensiveness low while turning a buck | [07:41] |
Namworld | What impact does it make that they'd use Bitcoins? | [07:41] |
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mircea_popescu | but the effort and expertise involved in doing this are much more than what's needed to make asics | [07:41] |
JohnGalt2 | Namworld: A lot of the stupid people don't want to have fancy internet money without having a possibility to reverse transactions | [07:42] |
Namworld | Ah, that. | [07:42] |
JohnGalt2 | They're not used it to it because of their nanny governments | [07:42] |
mircea_popescu | they're expensive, it's simple. | [07:43] |
mircea_popescu | it costs to supply their needs more than they are capable of paying. | [07:43] |
assbot | [MPEX] [S.DICE] 902 @ 0.00474845 = 4.2831 BTC [+] | [07:43] |
assbot | [MPEX] [S.DICE] 700 @ 0.00475265 = 3.3269 BTC [+] | [07:43] |
assbot | [MPEX] [S.DICE] 500 @ 0.00475518 = 2.3776 BTC [+] | [07:43] |
assbot | [MPEX] [S.DICE] 2274 @ 0.00477726 = 10.8635 BTC [+] | [07:43] |
mircea_popescu | why do you think banks wouldn't take most poor people's accounts if they weren't legally forced to ? | [07:43] |
assbot | [MPEX] [S.DICE] 35624 @ 0.00478695 = 170.5303 BTC [+] | [07:43] |
Namworld | I don't see that argument as valid. As the supplier, you set the price and service provided for it. | [07:44] |
mircea_popescu | ... | [07:44] |
JohnGalt2 | I don't think every user needs to understand how bitcoin works entirely. I don't, I'm not interested in the IT stuff, I'm interested in the moneyz stuf | [07:44] |
Bugpowder | !ticker s.dice | [07:44] |
assbot | [MPEX:S.DICE] 1day: 0.00449 / 0.004709 / 0.004787 (583698 shares, 2,748.64 BTC), 30day: 0.0014 / 0.00340446 / 0.0048 (13963747 shares, 47,539.11 BTC) | [07:44] |
Bugpowder | ;;ticker | [07:44] |
Namworld | That you take bitcoins or not, your local government could force you to provide services regardless. | [07:44] |
gribble | BTCUSD ticker | Best bid: 13.70001, Best ask: 13.72855, Bid-ask spread: 0.02854, Last trade: 13.70000, 24 hour volume: 32942.91842052, 24 hour low: 13.61100, 24 hour high: 13.87998, 24 hour vwap: 13.76016 | [07:44] |
mircea_popescu | what local government ? | [07:45] |
mircea_popescu | there's no government that's local to the internet. | [07:45] |
kakobrekla | most of people driving cars dont know how internal combustion works. | [07:45] |
kakobrekla | its same with anything thats more than a stick and a stone and many people use | [07:45] |
Namworld | I'm not talking about internet only. Just various other services. | [07:46] |
JohnGalt2 | exactly | [07:46] |
mircea_popescu | i guess this discussion became to vague to continue/ | [07:46] |
mircea_popescu | point remains. we don't want the average joe and his 3-9 dollar transaction. | [07:47] |
mircea_popescu | nobody does eitgher, but that's besides the point. we don't,. | [07:47] |
Namworld | What if I sell 3-9 dollars thing? | [07:47] |
kakobrekla | i dont care if joe comes or not, i just know he doenst have to know how it works to use it | [07:47] |
mircea_popescu | Namworld then bitcoin isn't for you. | [07:47] |
JohnGalt2 | Yes, we do want Joe with his 3-9 dollarz. Bitcoin needs growth, maybe he'll buy more bitcoins after that | [07:48] |
Namworld | Why? | [07:48] |
mircea_popescu | because, Namworld, the costs of administering this sort of business exceed your profits from doing it. | [07:48] |
mircea_popescu | in simple terms : you can't afford btc. | [07:48] |
kakobrekla | depends | [07:49] |
kakobrekla | in RL the biggest cost of small bills are the billing itself | [07:49] |
mircea_popescu | it doesn't really depend. we have centuries of accumulated experience in trade. by now things are pretty well known | [07:49] |
assbot | [MPEX] [S.DICE] 400 @ 0.00478695 = 1.9148 BTC [+] | [07:49] |
mircea_popescu | kakobrekla yes, that is true. | [07:49] |
Namworld | But it does not exceed the costs... otherwise capitalism wouldn't work because pretty much nothing brings any profit? | [07:50] |
Bugpowder | Details 2013-01-09 01:51:31 lessthan 16000 de2012c9 3148068f 1HbHbFK CONFIRMED 435.00000000 LOSE 2.17450000 41970 Details 2013-01-09 01:50:43 lessthan 16000 d463f567 faa9a2d8 19LQ1zn CONFIRMED 435.00000000 LOSE 2.17450000 53146 Details 2013-01-09 01:49:33 lessthan 16000 f3d916d3 c4273fff 1Bw9MTr CONFIRMED 435.00000000 LOSE 2.17450000 52002 Details 2013-01-09 01:48:04 lessthan 16000 881eda89 5a2d111b 1Fh2Rjd CONFIRMED 327.680 | [07:50] |
Bugpowder | sory | [07:50] |
mircea_popescu | that's an unwarranted generalisation. | [07:50] |
Namworld | Well than all consumerism in america is unprofitable if the 3-9 dollar transaction exceeds profits. | [07:51] |
Namworld | That bottle of Coke that costs 10 cent to make is not profitable to sell under 1$ and Coke doesn't earn any revenue. | [07:52] |
mircea_popescu | no. | [07:52] |
mircea_popescu | the 3-9 transactions work on an economy of scale model | [07:52] |
mircea_popescu | if you aggregate one billion of them you can squeeze a little profit | [07:52] |
mircea_popescu | but you lack all the many tools that the banks use to turn this green. | [07:52] |
Namworld | and Bitcoin is designed to further help the profit margin. The bitcoin is designed to facilitate micro-transactions. | [07:53] |
mircea_popescu | the fact that it is designed to do it does not mean you are the one to do it. | [07:53] |
assbot | [MPEX] [S.DICE] 150 @ 0.00474564 = 0.7118 BTC [-] | [07:53] |
kakobrekla | that is true, yet i have seen bitcoin margins so ridiculusly high, you dont need volume | [07:53] |
assbot | [MPEX] [S.DICE] 291 @ 0.00467378 = 1.3601 BTC [-] | [07:53] |
assbot | [MPEX] [S.DICE] 556 @ 0.0046549 = 2.5881 BTC [-] | [07:53] |
Namworld | For which transaction fees would be too large for 1-5$ transactions. | [07:53] |
mircea_popescu | this is the asic argument all over again | [07:54] |
kakobrekla | why are the margins like they are, thats another question | [07:54] |
kakobrekla | with at least 2 anwers | [07:54] |
mircea_popescu | the fact that asic fab plants are designed to make custom chips | [07:54] |
mircea_popescu | does not mean bfl will be making asics. | [07:54] |
* | JohnGalt2 is now known as JohnGalt | [07:54] |
mircea_popescu | in principle, for every degree of magnitude the transaction goes down, your fixed costs go up one and a half. | [07:54] |
mircea_popescu | you need to be a multi-billion corp to process sub 10 dollar transactions effectually. | [07:55] |
kakobrekla | in RL ya | [07:55] |
mircea_popescu | in bitcoin it is atm even worse | [07:55] |
mircea_popescu | note, im not saying that by 2050 or w/e all these fabulous economies of scale baked in by design won't be working full bore | [07:56] |
kakobrekla | to _process_ it doesnt cost anything | [07:56] |
mircea_popescu | all im saying is that the average small biz does not find itself in a position to do this. | [07:56] |
kakobrekla | i see what you mean | [07:56] |
* | Rothgar (d8aac06f@gateway/web/freenode/ip.216.170.192.111) has joined #bitcoin-assets | [07:56] |
mircea_popescu | 90%+ of all small businesses that tried bitcoin discovered this on their own timeand dime | [07:57] |
mircea_popescu | this obviously is unavoidable, seeing how they couldn't afford to hire me to tell them this, and wouldn't have made sense of it anyway. | [07:57] |
Namworld | Well then we also don't need small gamblers on SatoshiDice or BitVPS is not profitable with it's sub 10 dollar plans. So are small sellers accepting bitcoins and etc, online or not. | [07:57] |
kakobrekla | but bitcoin is small, still. | [07:57] |
* | da2ce726 (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets | [07:57] |
kakobrekla | not small, tiny. | [07:57] |
Bugpowder | S.DICE benefits from small gamblers | [07:57] |
mircea_popescu | Namworld the hosting industry may be the one single place where my above judgements may be shown mistaken | [07:57] |
Bugpowder | lowers variance | [07:57] |
mircea_popescu | because of very speciffic characteristics. | [07:57] |
kakobrekla | Buglouse blockchain suffers from small gambers on sd | [07:58] |
Bugpowder | and incremental transaction costs are near zero | [07:58] |
mircea_popescu | and s.dice takes small gamblers because it's very easy to provide the service to them. | [07:58] |
kakobrekla | :p | [07:58] |
Namworld | Well it's indeed quite mostly automation and all online. | [07:58] |
kakobrekla | fuck | [07:58] |
mircea_popescu | it doesn't deliver anything | [07:58] |
kakobrekla | Bugpowder | [07:58] |
kakobrekla | srs whats with this bug nicks | [07:58] |
JohnGalt | 3-9$ transactions would work fine for small takeaway or coffee shops | [07:58] |
mircea_popescu | no gambler can pick up the phone and complain about damaged deliveries. | [07:58] |
mircea_popescu | or want to return | [07:58] |
Namworld | But that's exactly the problem that would get solved without such opposition. Bitcoin could get lower transaction costs with easier availability through more demand/offer. | [07:58] |
Bugpowder | 60 BTC / mo fixed cost | [07:58] |
mircea_popescu | JohnGalt it has been proven not to work > 20 times so far. | [07:58] |
Bugpowder | it has economy of scale | [07:58] |
Rothgar | hello | [07:58] |
mircea_popescu | hi. | [07:59] |
Rothgar | :) | [07:59] |
Namworld | using phones to pay in bitcoins wuld be feasible for a much lower fee than the credit card conglomerate/payment processors are trying to offer. | [07:59] |
Namworld | Which would allow even small shop to process smaller transactions with more profitability. | [07:59] |
Namworld | Agreed that it's not currently feasible. | [08:00] |
mircea_popescu | you're stubornly focusing on irrelevant detail. | [08:00] |
mircea_popescu | it doesn't matter what the payment "costs" in your estimation. | [08:00] |
mircea_popescu | what matters is how much dealing with people ACTUALLY costs. | [08:00] |
mircea_popescu | dealing with poor people is very expensive. | [08:00] |
mircea_popescu | handling small transactions is very expensive. | [08:00] |
Namworld | Dealing with someone who enters and at the register pays for something is fast and inexpensive... | [08:01] |
Namworld | even if the person is poor... | [08:01] |
mircea_popescu | a well. | [08:01] |
Namworld | or pays for not much. | [08:01] |
mircea_popescu | it's right in front of your eyes dude. | [08:01] |
mircea_popescu | they're not poor as an accident of fate | [08:01] |
mircea_popescu | they're poor because they're stupid. | [08:01] |
mircea_popescu | that means they will introduce friction | [08:01] |
mircea_popescu | that further means you will be spending your time doing the impossible. | [08:02] |
kakobrekla | a wait | [08:02] |
Bugpowder | holy shit | [08:02] |
mircea_popescu | such as, for instance, explaining to those idiots on that article quoted why they're wrong | [08:02] |
mircea_popescu | in such terms as they'd be able to grasp | [08:02] |
Bugpowder | That set of losses I posted | [08:02] |
mircea_popescu | this feat costs exponentially more the dumber they are. | [08:02] |
kakobrekla | >>See that picture ? The poor schmucks in that picture are likely more intelligent, more dilligent and generally better human beings than Gobry. Unfortunately for them, they didn’t have the obscene good fortune of being born in this part of the world. As a result, they’re dicking around packing mud while this worthless fuckwit goes about farting self-delusions of “strategic global | [08:02] |
kakobrekla | issues” and whatnot. | [08:02] |
Bugpowder | was from one guy starting with a 0.01BTC bet on less than 16000, and doubling it every loss | [08:02] |
Bugpowder | until he lost 2000 BTC | [08:03] |
Bugpowder | and gave up | [08:03] |
mircea_popescu | ahahah nowai Bugpowder ? | [08:03] |
mircea_popescu | i guess deposit soon ? | [08:03] |
Namworld | Yes. But as far as I know most most brick and mortar business have to do that bitcoin or not and while not all manage to succeed at it, many remain in business, wether small or large. | [08:03] |
mircea_popescu | no. they do not manage to stay in business. | [08:03] |
mircea_popescu | there's a reason for chains and franchises and payment processors being centralised | [08:03] |
mircea_popescu | and so forth. | [08:03] |
kakobrekla | mircea_popescu are those chaps unfortunate or stupid? | [08:04] |
mircea_popescu | kakobrekla the problem with macroeconomy is that those terms aren't distinct. | [08:04] |
mircea_popescu | think in terms of girl looking for a husband. does she care if he;'s lucky or smart ? | [08:04] |
Namworld | The reason is that it's more cost effective and branding brings clients. | [08:04] |
mircea_popescu | she doesn't. she cares if he's gonna feed her babies. | [08:05] |
mircea_popescu | no namworld. the reason is that people can't afford to stay in business | [08:05] |
mircea_popescu | under the crushing pressure of the huge costs of the 3-9 dollars transaction. | [08:05] |
assbot | [MPEX] [S.DICE] 900 @ 0.0046549 = 4.1894 BTC [-] | [08:05] |
Namworld | ... | [08:05] |
Namworld | but those costs are very close for a chain convenience store or a personally owned one, for example... there's plenty of non-affiliated small businesses handling small transactions left. | [08:06] |
mircea_popescu | not at all. | [08:06] |
mircea_popescu | the chain can tell customers to go get fucked. | [08:07] |
mircea_popescu | which it regularly does. | [08:07] |
mircea_popescu | go try and complain to your phone company, as a fuine example. | [08:07] |
Namworld | Well I can't speak for Romania. But I see small businesses staying around and in all apparence, doing well. | [08:07] |
mircea_popescu | you see small service businesses staying around. | [08:08] |
mircea_popescu | and even those have been taking a beating of horror past 10-20 years. | [08:08] |
kakobrekla | small businesses are small businesses cause they arent large businesses | [08:08] |
Namworld | Just as I see small providers competing with larger corps with better services. They still turn a profit and stick around. | [08:09] |
mircea_popescu | small businesses are either a) going bankrupt (happens to 90% ish of them) or else in a new niche. | [08:09] |
Namworld | It's harder and there's less margins. It's just not impossible. | [08:09] |
mircea_popescu | im sorry, you must be from an alternate universe. why would i be doing something at a competitive disadvantage ? | [08:11] |
mircea_popescu | if it's harder and it pays less i'm out of there. | [08:11] |
Namworld | Because if you work for the corporation, you get paid even less. | [08:11] |
mircea_popescu | lol. | [08:11] |
mircea_popescu | you know, business is business, not survival. | [08:11] |
mircea_popescu | it has to earn. | [08:11] |
mircea_popescu | im not looking for a way to employ myself. | [08:12] |
Namworld | Your margins are lower for the business, but the profit is better for the owner. As for employees, they're probably paid a similar pay. | [08:12] |
mircea_popescu | the owner/business distinction is spurious. | [08:12] |
Namworld | Well there's incentive as to create and keep the small business running as long as that advantage for the owner exists. | [08:13] |
mircea_popescu | maybe. | [08:13] |
mircea_popescu | in general it's irrational to expend your resources at a comparative disadvantage. | [08:13] |
Namworld | That you have a 20% margin and your large competitor has 30% matters not if you get enough sales at 20% that you get a nice yearly earning. | [08:13] |
Namworld | The owners just has to work for it. But I think that's a work/reward ratio that's still attractive. | [08:14] |
Bugpowder | the more profitable one will crush you | [08:14] |
mircea_popescu | it absolutely matters lol | [08:14] |
Bugpowder | they will invest more | [08:14] |
Bugpowder | they will destroy you | [08:14] |
mircea_popescu | they might destroy you even if you have 10x their margins | [08:14] |
Bugpowder | otherwise they will be destroyed | [08:14] |
mircea_popescu | but to go into this when they hold the upper hand is folly. | [08:15] |
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Namworld | It is folly, maybe. Many fails on that path. Most small businesses go bankrupt indeed. But some succeed. | [08:16] |
Namworld | That this percentage is quite low matters not. It remains an incentive to exploit any opportunity. | [08:16] |
Namworld | Bitcoins could help by making small transactions more accessible at lower costs. | [08:17] |
mircea_popescu | they will make more expensive customers accessible,w hich will sink you. | [08:17] |
Namworld | Well if it hasn't sunk small convenience stores and shops/restaurants, and still don't, I don't see why that would change anything. | [08:20] |
Namworld | They already cater to the most "expensive" customers. | [08:20] |
mircea_popescu | the most expensive customer in the world is the guy buying a 3-9 dollar trinket over the internet. | [08:20] |
Namworld | Well I don't purport bitcoins would be good for users buying online for small amounts. | [08:21] |
Namworld | I say they would in lieu of credit card for small transaction in shops. | [08:22] |
mircea_popescu | not really. it meets nobody;s needs. | [08:22] |
assbot | [MPEX] [S.DICE] 675 @ 0.00475997 = 3.213 BTC [+] | [08:22] |
assbot | [MPEX] [S.DICE] 525 @ 0.00478695 = 2.5131 BTC [+] | [08:22] |
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Namworld | Not right now. | [08:23] |
mircea_popescu | merchant wants ensured funds, customer wants reversible transaction and balance protection | [08:23] |
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mircea_popescu | cc companies offer all these, and rely on the state to police it all. | [08:23] |
mircea_popescu | bitcoin has not the subsidy of the state, and can't offer either safety for the merchant or reversibility for the customer. | [08:23] |
Namworld | Ah, I suppose. | [08:23] |
mircea_popescu | bitcoin exists so a guy in china can be paid for 10 containers of tvs | [08:23] |
mircea_popescu | not so that fifty people can buy a coffee each. | [08:24] |
assbot | [MPEX] [S.DICE] 890 @ 0.00478695 = 4.2604 BTC [+] | [08:24] |
Namworld | Well agreed that as a vehicle for transfer of value for large transactions, bitcoins would be ideal. | [08:24] |
mircea_popescu | right. | [08:25] |
mircea_popescu | once it becomes the standard there it will trickle down | [08:25] |
mircea_popescu | historically the cheque was used by the rich | [08:25] |
mircea_popescu | it eventually became standard for everyone. | [08:25] |
mircea_popescu | historically electronic payments were bank-only. | [08:25] |
mircea_popescu | then the credit card made them ubiqutous. | [08:25] |
mircea_popescu | bitcoins for the masses happens in a decade or two. | [08:25] |
Namworld | Well I'm not saying right away bitcoins should be used in shops... | [08:26] |
mircea_popescu | many people are tho | [08:26] |
mircea_popescu | and keep fucking over small business owners and customers. | [08:26] |
Namworld | I don't believe we're anywhere near that level. | [08:26] |
Namworld | I'm just saying misconception and bad press hinders bitcoins adoption and that they would prove useful given the right tools. | [08:27] |
mircea_popescu | obviously once we build scale and capital and knowhow we'll be able to dislodge larger and larger chunks | [08:27] |
mircea_popescu | but for now the focus on small busionesses is simply the tell-talle effect of incompetence and impotence in the bitcoin camp. | [08:27] |
mircea_popescu | people don't know the people they should be talking to, don't know how to find them, don't dare approach them | [08:27] |
mircea_popescu | so they pester barristas instead. | [08:27] |
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Namworld | Ah. I merely wanted that misconception be cleared so there's less opposition. Better public view/demand for something increase the chance the people that matter will hear about, either through family or other connections. | [08:29] |
mircea_popescu | not at all. | [08:29] |
mircea_popescu | it's best if common people loathe btc for now. | [08:29] |
mircea_popescu | just as it was best for mpex that all the glbse idjits hated it | [08:30] |
Namworld | I'm not sure what advantage that has. | [08:30] |
Namworld | They can't enter anyway | [08:31] |
mircea_popescu | keeps the expensive people out and so saves our resources. | [08:31] |
Namworld | They can't pay the entry fee anyway... | [08:31] |
Namworld | If they want something they can't, they talk more about it than something they'd dismiss. | [08:32] |
assbot | [MPEX] [S.DICE] 937 @ 0.0046549 = 4.3616 BTC [-] | [08:32] |
assbot | [MPEX] [S.DICE] 113 @ 0.00464997 = 0.5254 BTC [-] | [08:32] |
Namworld | Which can attracts the attention of the people you want. | [08:32] |
mircea_popescu | well bitcoin's problem is that it doesn't have who to put an entrance fee. | [08:32] |
assbot | [MPEX] [S.DICE] 1318 @ 0.00464997 = 6.1287 BTC [-] | [08:34] |
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assbot | [MPEX] [S.DICE] 1400 @ 0.00478699 = 6.7018 BTC [+] | [08:35] |
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Namworld | You allow withdrawals as low as 0.0005 BTC? Isn't that catering to small transactions? | [08:53] |
Namworld | I think I could hardly bother with anything less than 1 BTC. | [08:53] |
mircea_popescu | o, that's a trap | [08:54] |
mircea_popescu | mpex only processes deposits. | [08:54] |
Namworld | Oh, I'm sorry for the misunderstanding, I probably hallucinated my previous withdrawed bitcoins. Have a good day sir. | [08:55] |
* | Namworld wanders away. | [08:55] |
mircea_popescu | lol | [08:56] |
Namworld | But, in all seriousness, I just made a 40 BTC withdrawal request. | [08:57] |
Namworld | It seems someone is selling my debt under par value and I wish to purchase it. | [08:58] |
Namworld | The contract says upon request I'll pay par value and the email is right there along the contract but no one seems to bother requesting. Quite odd. | [09:00] |
assbot | [MPEX] [S.DICE] 450 @ 0.00478378 = 2.1527 BTC [-] | [09:00] |
mircea_popescu | done. | [09:02] |
mircea_popescu | http://bitbet.us/bet/66/ anyone know what this is ? | [09:04] |
Namworld | I've had the notice before you notified here. I do like the confirmation speed. | [09:04] |
Namworld | Thank you for the prompt service. | [09:04] |
mircea_popescu | hehe my pleasure. | [09:06] |
Namworld | Well, now I even get to know who put those under par on the market... | [09:17] |
Namworld | Hmm... | [09:18] |
mircea_popescu | http://www.morgenthaler.com/home/contact-us/ | [09:18] |
mircea_popescu | lmao idiots | [09:18] |
assbot | [MPEX] [S.DICE] 1689 @ 0.00478699 = 8.0852 BTC [+] | [09:18] |
Namworld | oh wow... | [09:19] |
mircea_popescu | and these people have like 1bn in assets | [09:20] |
mircea_popescu | can't get a motherfucking link right. | [09:20] |
Namworld | Okay... they manage 1 billion... that website is so basic... They probably pay a premium for the website and they manage to screw up the contact us link... | [09:21] |
Namworld | and the page is screwed up. | [09:22] |
mircea_popescu | va firms have possibly the worst websites | [09:22] |
Namworld | Things get misaligned. Seems like no one thought of the poor contact page. | [09:22] |
mircea_popescu | and most of them are in technology/it | [09:23] |
Namworld | http://www.morgenthaler.com/ventures/contact/ | [09:24] |
Namworld | Well the contact page from either sub-section works. At least. | [09:25] |
Namworld | Just not from the main page =/ | [09:25] |
* | Now talking on #bitcoin-assets | [20:50] |
* | Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://mpex.co || https://coinbr.com || https://cryptostocks.com || https://icbit.se || https://therocktrading.com || https://assets-otc.com || https://www.havelockinvestments.com || https://bitfunder.com || https://btct.co || http://picostocks.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades | [20:50] |
* | Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Mon Dec 24 19:40:09 2012 | [20:50] |
assbot | [MPEX] [S.DICE] 1000 @ 0.00476739 = 4.7674 BTC [+] | [21:01] |
assbot | [MPEX] [S.DICE] 1000 @ 0.00476739 = 4.7674 BTC [+] | [21:06] |
* | Smoovious has quit (Ping timeout: 265 seconds) | [21:11] |
assbot | [MPEX] [S.DICE] 983 @ 0.00476739 = 4.6863 BTC [+] | [21:17] |
assbot | [MPEX] [S.DICE] 17 @ 0.00477127 = 0.0811 BTC [+] | [21:17] |
assbot | [MPEX] [S.DICE] 483 @ 0.00477127 = 2.3045 BTC [+] | [21:19] |
assbot | [MPEX] [S.DICE] 700 @ 0.00478628 = 3.3504 BTC [+] | [21:19] |
assbot | [MPEX] [S.DICE] 2426 @ 0.00478919 = 11.6186 BTC [+] | [21:19] |
mircea_popescu | !ticker s.dice | [21:20] |
assbot | [MPEX:S.DICE] 1day: 0.00449 / 0.00468334 / 0.00478919 (362534 shares, 1,697.87 BTC), 30day: 0.0014 / 0.00341561 / 0.0048 (14083889 shares, 48,105.09 BTC) | [21:20] |
topace | ART? | [21:23] |
gigavps | http://www.youtube.com/watch?v=RWF86D_UNxc | [21:24] |
dub | lol | [21:25] |
Diablo-D3 | EskimoBob: >riot | [21:29] |
Diablo-D3 | lol | [21:29] |
topace | lol | [21:30] |
jurov | Diablo-D3, do you watch KHL? we should set up some bets, too | [21:32] |
jurov | i don't watch it much, but i saw todays' match in a gym so it occurred it to me | [21:33] |
mircea_popescu | what's khl ? | [21:33] |
jurov | continental hockey league | [21:33] |
mircea_popescu | o | [21:33] |
jurov | ex-USSR + czechoslovakia | [21:33] |
mircea_popescu | mod6 was into hockey irc | [21:33] |
assbot | [MPEX] [S.DICE] 1900 @ 0.00478919 = 9.0995 BTC [+] | [21:34] |
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mod6 | ahh, yeah :) | [21:36] |
assbot | [MPEX] [S.DICE] 5000 @ 0.00478919 = 23.946 BTC [+] | [21:36] |
* | Namworld (~BTC-Minin@modemcable075.132-23-96.mc.videotron.ca) has joined #bitcoin-assets | [21:36] |
mod6 | the NHL is back from its lockout too fwiw. Just in time for BitBet :] | [21:37] |
assbot | [MPEX] [S.DICE] 1200 @ 0.00476061 = 5.7127 BTC [-] | [21:41] |
mircea_popescu | >D | [21:41] |
smickles | i/a | [21:42] |
assbot | [MPEX] [S.DICE] 1087 @ 0.00478919 = 5.2058 BTC [+] | [21:46] |
dub | how do you get to the market on bitfunder | [21:46] |
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mircea_popescu | https://bitcointalk.org/index.php?topic=135574.0 | [21:50] |
mircea_popescu | lets see what comes out of this | [21:50] |
assbot | [MPEX] [S.DICE] 3800 @ 0.00476061 = 18.0903 BTC [-] | [21:51] |
assbot | [MPEX] [S.DICE] 653 @ 0.0047606 = 3.1087 BTC [-] | [21:51] |
jurov | flowers for mpoe-pr, what else :) | [21:54] |
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jcpham | poor thing. no one pays her attention it seems | [21:55] |
mod6 | i thought it was a good round up | [21:55] |
mircea_popescu | my bet is on crickets | [21:56] |
mod6 | haha | [21:56] |
mircea_popescu | they're just too afraid of her by now. | [21:56] |
jcpham | i hope she doesn't scare journalists away | [21:57] |
mod6 | someone needs to set these guys straight. and she's been spot on for over a year. | [21:57] |
mircea_popescu | can you scare journalists away ? | [21:57] |
mircea_popescu | moreover. if you scare some dood away, could he have been a journalist ? | [21:58] |
dub | im sure I saw a market page on bitfunder yesterday | [21:58] |
dub | but now.. | [21:58] |
dub | was I mistaken? | [21:58] |
dub | or do I need more coffee | [21:58] |
jurov | dub, why? yes there's more stuff there now. | [21:59] |
dub | link? | [21:59] |
dub | all I see is an asset list | [22:00] |
jurov | you think there was more yest? | [22:01] |
dub | the asset list is the market page? its just a list of btc addresses with stock balances | [22:01] |
dub | I must be mistaking it with another site | [22:02] |
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assbot | [MPEX] [S.DICE] 850 @ 0.00477962 = 4.0627 BTC [+] | [22:11] |
dub | nearly positivie it was bitfunder | [22:12] |
dub | maybe its a browser problem | [22:12] |
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dub | are there any sites not in the topic? | [22:15] |
topace | kakobrekla: assbot isnt showing havelock trades | [22:16] |
assbot | [MPEX] [S.DICE] 150 @ 0.00477962 = 0.7169 BTC [+] | [22:20] |
assbot | [MPEX] [S.DICE] 350 @ 0.0047606 = 1.6662 BTC [-] | [22:20] |
mircea_popescu | dub im sure there must be | [22:23] |
assbot | [MPEX] [S.DICE] 1015 @ 0.00478699 = 4.8588 BTC [+] | [22:24] |
assbot | [MPEX] [S.DICE] 35 @ 0.00478919 = 0.1676 BTC [+] | [22:24] |
dub | pretty sure I looked at it last night | [22:24] |
dub | but I can only find news|asset list|t&c | [22:24] |
dub | if it is there, its very well hidden | [22:25] |
dub | yeah tbqh accurate or not its hard to see how the post would produce anything but negative PR | [22:38] |
assbot | [MPEX] [S.DICE] 1337 @ 0.00478919 = 6.4031 BTC [+] | [22:38] |
dub | 1337 dice yo | [22:38] |
mircea_popescu | dub the gorby thing ? | [22:39] |
mircea_popescu | "Can someone with a seat on the board say if they're getting more update than that ? | [22:40] |
mircea_popescu | Nope, so far board members do not have more info than what is provided in this thread." | [22:40] |
mircea_popescu | whoopdedoo. | [22:40] |
dub | mircea_popescu: the feet kissing post | [22:40] |
mircea_popescu | o | [22:41] |
mircea_popescu | heh. who exactly is big enough to do "negative PR" ? | [22:42] |
dub | its seldom productive to rub peoples faces in their own shit, expecially a bunch of nobodies | [22:42] |
mircea_popescu | in general that's true. | [22:42] |
mircea_popescu | here it's important, i think, because otherwise the flavour of the entire thing slowly turns to shit. | [22:42] |
assbot | [MPEX] [S.DICE] 230 @ 0.0047606 = 1.0949 BTC [-] | [22:44] |
assbot | [MPEX] [S.DICE] 620 @ 0.0047341 = 2.9351 BTC [-] | [22:44] |
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mircea_popescu | "Chinese new year or not this a bad time of year to rely on devices that rely so heavily on parts from countries that celebrate the near years and the up coming spring festival." | [22:52] |
mircea_popescu | pity asicminer didn't have its shares up, it'd have made a killing. | [22:53] |
assbot | [MPEX] [S.DICE] 180 @ 0.0047341 = 0.8521 BTC [-] | [22:53] |
assbot | [MPEX] [S.DICE] 612 @ 0.00470933 = 2.8821 BTC [-] | [22:53] |
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assbot | [MPEX] [S.DICE] 746 @ 0.00470933 = 3.5132 BTC [-] | [23:02] |
assbot | [MPEX] [S.DICE] 200 @ 0.00470766 = 0.9415 BTC [-] | [23:06] |
assbot | [MPEX] [S.DICE] 862 @ 0.00470766 = 4.058 BTC [-] | [23:07] |
assbot | [MPEX] [S.DICE] 438 @ 0.00478919 = 2.0977 BTC [+] | [23:07] |
assbot | [MPEX] [S.DICE] 4350 @ 0.00478919 = 20.833 BTC [+] | [23:09] |
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kakobrekla | everything is under control, dont panic. | [23:13] |
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assbot | [MPEX] [S.DICE] 1100 @ 0.00478919 = 5.2681 BTC [+] | [23:16] |
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markedathome | http://arstechnica.com/security/2013/01/extremely-crtical-ruby-on-rails-bug-threatens-more-than-200000-sites/ | [23:21] |
markedathome | http://it.slashdot.org/story/13/01/09/1557235/ruby-on-rails-sql-injection-flaw-has-serious-real-life-consequences | [23:21] |
markedathome | so how many bitcoin sites is that? 90-95%? | [23:21] |
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mircea_popescu | yeah we saw it yest. | [23:23] |
mircea_popescu | mpex doesn't use ruby. | [23:23] |
mircea_popescu | glbse iirc did. | [23:23] |
topace | hahaha ruby on rails | [23:24] |
markedathome | glbse and bitcoinica | [23:24] |
mircea_popescu | o wait, i guess that bitfinex stolen code thing also ? | [23:27] |
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assbot | [HAVELOCK] [test] 1 @ 0.00000001 BTC | [23:29] |
markedathome | bitfinex? | [23:29] |
assbot | [HAVELOCK] [SDICE] 9 @ 0.5 = 4.5 BTC [+] | [23:29] |
Bugpowder | 0.5! | [23:29] |
* | markedathome rushes to havelock to sell! | [23:30] |
* | markedathome forgets that he has nothing on havelock | [23:30] |
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mircea_popescu | ;;ident Namworld | [23:40] |
gribble | Nick 'Namworld', with hostmask 'Namworld!~BTC-Minin@modemcable075.132-23-96.mc.videotron.ca', is identified as user Namworld, with GPG key id F2758D83EEEDE453, key fingerprint F12DE6B4E1EF26F5768BE918F2758D83EEEDE453, and bitcoin address 1Namjies9JeJ4ugCzjkAj6dbaWrtjAFKCk | [23:40] |
assbot | [HAVELOCK] [SDICE] 1 @ 0.49 BTC [-] | [23:40] |
assbot | [HAVELOCK] [SDICE] 9 @ 0.5 = 4.5 BTC [+] | [23:40] |
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assbot | [HAVELOCK] [SDICE] 1 @ 0.49 BTC [-] | [23:42] |
assbot | [HAVELOCK] [SDICE] 9 @ 0.5 = 4.5 BTC [+] | [23:42] |
dub | whut is this supposed to be https://bitcointalk.org/index.php?action=dlattach;attach=9443;type=avatar | [23:42] |
dub | bitcoin cock? | [23:42] |
FabianB | ;;tslb | [23:44] |
gribble | Time since last block: 1 hour and 23 seconds | [23:44] |
dub | nice | [23:44] |
dub | ;;bc,stats | [23:44] |
gribble | Current Blocks: 215901 | Current Difficulty: 3249549.5844872 | Next Difficulty At Block: 217727 | Next Difficulty In: 1826 blocks | Next Difficulty In About: 1 week, 6 days, 17 hours, 11 minutes, and 14 seconds | Next Difficulty Estimate: 3021412.00645230 | Estimated Percent Change: -7.02059076507 | [23:44] |
dub | ;;bc,diffchange | [23:44] |
gribble | Estimated percent change in difficulty this period | -7.02059076507 % based on data since last change | -5.1399053661 % based on data for last three days | [23:44] |
assbot | [MPEX] [S.DICE] 3000 @ 0.00478919 = 14.3676 BTC [+] | [23:49] |
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smickles | it's too early to tell on the next diff, isn't it? | [23:57] |
smickles | kakobrekla: 21:51 -!- assbot [~assbot@78.46.215.65] has quit [Remote host closed the connection] | [23:57] |
kakobrekla | ya | [23:57] |
Bugpowder | yeah, with the asics shipping | [23:57] |
kakobrekla | im doing some changes as we speak smickles | [23:57] |
Bugpowder | could go up a lot | [23:57] |
Bugpowder | next week | [23:57] |
kakobrekla | burnsides exchange is comming as well | [23:57] |
smickles | kakobrekla: cool, just thought i'd let you know :) | [23:58] |
smickles | Bugpowder: they are actually shipping now? | [23:58] |
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Bugpowder | 10 days | [23:58] |
Bugpowder | http://www.avalon-asics.com | [23:58] |
Category: Logs