Forum logs for 11 Oct 2012
Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
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smickles | jcpham: I can | [00:11] |
smickles | danieldaniel | [00:11] |
smickles | that's all anyone needs to know | [00:11] |
assbot | [MPEX] [O.BTCUSD.P110T] 4 @ 0.09250713 = 0.37 BTC [-] | [00:14] |
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Diablo-D3 | you know what we need? | [00:31] |
Diablo-D3 | virtual militaries | [00:31] |
Diablo-D3 | so we can declare war on other websites and then show up at their workplace with a tank. | [00:32] |
smickles | what would a virtual military be composed of Diablo-D3 ? | [00:32] |
Diablo-D3 | smickles: ^. | [00:32] |
smickles | so a tank for hire, eh? | [00:32] |
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Ukto | any more news since earlier? | [00:37] |
assbot | [MPEX] [S.MPOE] 35972 @ 0.00031192 = 11.2204 BTC [-] | [00:39] |
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smickles | alright, it seems that the total red tape fees will be 75 usd | [00:43] |
smickles | ;;bc,24hprc | [00:43] |
gribble | 12.01 | [00:43] |
smickles | ;;sell 6.25 BTC at 12 USD each | [00:44] |
gribble | Error: For identification purposes, you must be identified via GPG to use the order book. | [00:44] |
smickles | grr, i often have to reauth | [00:44] |
smickles | ;;sell 6.25 BTC at 12 USD each | [00:45] |
gribble | Order id 10690 created. | [00:45] |
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jcpham | https://bitcointalk.org/index.php?topic=117590.0 | [00:50] |
jcpham | so relative to this channel | [00:50] |
BTC-Mining | ..... | [00:59] |
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assbot | [MPEX] [S.MPOE] 16980 @ 0.00031355 = 5.3241 BTC [+] | [01:05] |
assbot | [MPEX] [S.MPOE] 3620 @ 0.00031365 = 1.1354 BTC [+] | [01:05] |
dub | why does kludge not have scammer tag? | [01:10] |
rdponticelli | Nobody asked? | [01:11] |
rdponticelli | Anyway, he defaulted, but I don't think he's a scammer | [01:11] |
rdponticelli | He's trying to repay, and has been truthful | [01:12] |
BTC-Mining | because I think it was in his terms that in case of default, he'd pay back on mining or something like that. | [01:12] |
BTC-Mining | Except repayment by mining would take years. | [01:13] |
BTC-Mining | But there was no timespan defined for repayment | [01:13] |
BTC-Mining | So as such... well he can take his time repaying | [01:13] |
BTC-Mining | Something like that | [01:13] |
* | darkee| is now known as darkee | [01:19] |
dub | jcpham: pics of raritys neice tbh | [01:23] |
rdponticelli | Wow, now Bitcoins Direct is closed | [01:26] |
rdponticelli | There would be anything standing? | [01:26] |
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rdponticelli | He talks about law enforcement... | [01:28] |
rdponticelli | Doesn't look good | [01:28] |
rdponticelli | Well, about cooperating with law enforcement, wich implies that law enforcement is involved | [01:29] |
kakobrekla | what is bitcoins direct | [01:29] |
kakobrekla | a tangible | [01:30] |
assbot | [MPEX] [S.MPOE] 23279 @ 0.00031365 = 7.3015 BTC [+] | [01:30] |
rdponticelli | TangibleCryptography's business | [01:30] |
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dub | one sleep till pirate pays out | [01:50] |
rdponticelli | lol | [01:50] |
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Azelphur | 2 sleeps here | [01:54] |
Azelphur | also inb4 more delaying tactics | [01:54] |
BTC-Mining | It's always 1 sleep... | [01:54] |
BTC-Mining | Forever | [01:55] |
rdponticelli | It will be a long, long night | [01:55] |
assbot | [MPEX] [S.MPOE] 30628 @ 0.00031301 = 9.5869 BTC [-] | [01:55] |
assbot | [MPEX] [S.MPOE] 30346 @ 0.00031028 = 9.4158 BTC [-] | [01:55] |
BTC-Mining | Welcome to Groundhog Day | [01:55] |
assbot | [MPEX] [S.MPOE] 15126 @ 0.0003101 = 4.6906 BTC [-] | [01:55] |
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BTC-Mining | You have to relive the day until you manage to get Pirateat40 to pay. Because payment is always tomorrow until then. | [01:56] |
rdponticelli | Yeah, I'm sure that bitcoin script has been shooted by Harold Raimis | [01:56] |
rdponticelli | Nice thing is that you can kill yourself as many times as you like in the middle | [01:57] |
rdponticelli | Everything just start over again | [01:57] |
rdponticelli | xD | [01:57] |
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rdponticelli | GLBSE's up again | [02:06] |
rdponticelli | My claim's finished | [02:07] |
rdponticelli | Even when I haven't send aml information | [02:07] |
kakobrekla | same here | [02:08] |
BTC-Mining | I sent AML, claim appears finished. | [02:09] |
BTC-Mining | Maybe nefario decided AML was not required... | [02:09] |
rdponticelli | Seem so | [02:13] |
rdponticelli | And it's logical | [02:13] |
BTC-Mining | https://docs.google.com/spreadsheet/pub?key=0AvwwyRGyc1WgdEN2dzFuSEtVOWdlTmwyR2VJZkxiX1E | [02:14] |
BTC-Mining | Yeah, better get prepared for accounting without GLBSE | [02:14] |
rdponticelli | I already did | [02:14] |
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assbot | [MPEX] [S.MPOE] 46900 @ 0.00031365 = 14.7102 BTC [+] | [02:20] |
kakobrekla | ;;bc,stats | [02:20] |
gribble | Current Blocks: 202732 | Current Difficulty: timed out | Next Difficulty At Block: 203615 | Next Difficulty In: 883 blocks | Next Difficulty In About: 6 days, 2 hours, 11 minutes, and 8 seconds | Next Difficulty Estimate: 3035559.56035946 | Estimated Percent Change: -0.624232133735 | [02:21] |
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smickles | ;;ticker | [02:31] |
gribble | Best bid: 12.0008, Best ask: 12.08, Bid-ask spread: 0.07920, Last trade: 12.0008, 24 hour volume: 27614, 24 hour low: 11.759, 24 hour high: 12.19 | [02:31] |
smickles | ;;bc,24hprc | [02:31] |
gribble | 12.03 | [02:31] |
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smickles | yeah, docs not required now | [02:42] |
smickles | i just did the s2cm account, no docs | [02:42] |
assbot | [MPEX] [S.MPOE] 1827 @ 0.00031365 = 0.573 BTC [+] | [02:45] |
assbot | [MPEX] [S.MPOE] 10373 @ 0.00031413 = 3.2585 BTC [+] | [02:46] |
pigeons | of so nefario took his meds | [02:47] |
Azelphur | yay | [02:48] |
Azelphur | apparently my claim is finished | [02:48] |
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Azelphur | [02:49] | |
Azelphur | smickles: did you get S2CM data yet? | [02:49] |
smickles | Azelphur: no data yet | [02:49] |
Azelphur | :p | [02:49] |
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Azelphur | would be funny if everything pays out on friday | [02:50] |
Azelphur | cash day o/ | [02:50] |
Doffx | Since its my birthday on oct 12 I expect everyone in here to send 1 btc, that will be 7 more btc than what pirate owes me with 116 people in here. | [02:54] |
Doffx | Azelphur should send 2 | [02:54] |
Doffx | cash day for sure that way :) | [02:54] |
Azelphur | xD | [02:54] |
Doffx | haha | [02:54] |
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smickles | huh, he left w/o giving a receiving addy | [03:00] |
Azelphur | lol | [03:01] |
smickles | ;D | [03:01] |
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smickles | wait a tic, mutum sigilum is an EVE ONLINE corp? | [03:04] |
smickles | with a description of "FOR THE LULZ" | [03:04] |
smickles | http://evewho.com/corp/Mutum+Sigillum+LLC | [03:04] |
* | pigeons initiates dwolla transfer | [03:07] |
smickles | you know what this means? | [03:08] |
smickles | bitcoin is a MMORPG, just like mircea_popescu said | [03:09] |
kakobrekla | :) | [03:09] |
assbot | [MPEX] [S.MPOE] 10427 @ 0.00031413 = 3.2754 BTC [+] | [03:11] |
assbot | [MPEX] [S.MPOE] 11152 @ 0.00031421 = 3.5041 BTC [+] | [03:11] |
assbot | [MPEX] [S.MPOE] 10842 @ 0.00031433 = 3.408 BTC [+] | [03:11] |
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smickles | i need a favor. can someone send 6.25 btc to an addy for me, I'll repay you tomorrow | [03:37] |
kakobrekla | addy? | [03:37] |
assbot | [MPEX] [S.MPOE] 10423 @ 0.00031167 = 3.2485 BTC [-] | [03:38] |
assbot | [MPEX] [S.MPOE] 7677 @ 0.00031075 = 2.3856 BTC [-] | [03:38] |
smickles | 13bVm9NuHhYASYyXcbYHLqmfQeZ2XSaD7u | [03:38] |
kakobrekla | sent | [03:38] |
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smickles | my client went silly, and I think i need to reload the chain to fix it | [03:38] |
smickles | that'll take a while | [03:38] |
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smickles | Thank you kakobrekla :) | [03:38] |
kakobrekla | yw | [03:39] |
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assbot | [MPEX] [S.MPOE] 5223 @ 0.00031075 = 1.623 BTC [-] | [04:04] |
assbot | [MPEX] [S.MPOE] 9800 @ 0.00031048 = 3.0427 BTC [-] | [04:04] |
assbot | [MPEX] [S.MPOE] 25777 @ 0.00031028 = 7.9981 BTC [-] | [04:04] |
dub | pirate pays out tomorrow, smickles pays out tomorrow.... coincidence? | [04:05] |
kakobrekla | kakobrekla gets paid tomorrow! | [04:06] |
dub | occams razor, kekeke | [04:06] |
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assbot | [MPEX] [S.MPOE] 21023 @ 0.00031028 = 6.523 BTC [-] | [04:29] |
assbot | [MPEX] [S.MPOE] 36677 @ 0.0003101 = 11.3735 BTC [-] | [04:29] |
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thestringpuller | ;;eauth thestringpuller | [04:32] |
gribble | Request successful for user thestringpuller, hostmask thestringpuller!~leflor@99-39-98-185.lightspeed.tukrga.sbcglobal.net. Get your encrypted OTP from http://bitcoin-otc.com/otps/0FF2943DA179E169 | [04:32] |
thestringpuller | ;;gpg everify freenode:#bitcoin-otc:cca7968273a95c153fb1b5cd24c5fb449204644a24fbfcaa0a2f90cc | [04:33] |
gribble | You are now authenticated for user thestringpuller with key 0FF2943DA179E169 | [04:33] |
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thestringpuller | ;;getrating thestringpuller | [04:34] |
gribble | This user has not yet been rated. Currently authenticated from hostmask thestringpuller!~leflor@99-39-98-185.lightspeed.tukrga.sbcglobal.net . | [04:34] |
mircea_popescu | soo what's new | [04:43] |
thestringpuller | how much of your day do you spend on irc mp (that's my nickname for you mircea_popescu) | [04:43] |
mircea_popescu | you're not the only one calling me mp lol. and as long as the computer's on i have irc going. | [04:44] |
mircea_popescu | i don't spend that much on it personally. | [04:44] |
thestringpuller | do you code? | [04:45] |
mircea_popescu | not really./ | [04:45] |
thestringpuller | I used the campus labs to make a test FPGA | [04:46] |
thestringpuller | since everyone is doing it | [04:46] |
thestringpuller | :P | [04:46] |
mircea_popescu | and ? | [04:46] |
thestringpuller | It's tough I just started writing the verilog based on a paper I read | [04:46] |
rdponticelli | mircea_popescu: wrong question | [04:46] |
rdponticelli | It's not what's new, but what's left | [04:46] |
thestringpuller | gonna take months with my professor helping to get a single "chip" | [04:46] |
mircea_popescu | rdponticelli so what is left ? | [04:47] |
mircea_popescu | thestringpuller still, good practice for you i'd say. | [04:47] |
rdponticelli | Nothing | [04:47] |
thestringpuller | Uses a lot less power. | [04:47] |
thestringpuller | what's left is not glbse lol | [04:48] |
thestringpuller | I made a good deal of money on the market crash :P | [04:48] |
mircea_popescu | how exactly ? | [04:48] |
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thestringpuller | The second glbse went under I sold a bunch of bitcoins, then waited and bought them back at a cheaper price... | [04:49] |
mircea_popescu | https://bitcointalk.org/index.php?topic=117715.msg1263447#msg1263447 cyeck this out tho | [04:49] |
thestringpuller | lol poor glbse | [04:51] |
thestringpuller | You've probably been asked this many times before mp, but how does GLBSE being shutdown make you feel? | [04:52] |
mircea_popescu | thestringpuller well, tbh, relieved. it was the main threat to having a btc finacials market. the longer it dragged on the worse it was. | [04:53] |
mircea_popescu | course, sucks for all the people who wouldn't listen / knew better / whatever. | [04:53] |
assbot | [MPEX] [S.MPOE] 29400 @ 0.00031091 = 9.1408 BTC [+] | [04:54] |
assbot | [MPEX] [S.MPOE] 34425 @ 0.00031207 = 10.743 BTC [+] | [04:54] |
BTC-Mining | Hey... GLBSE was the best trading platform (not for investing, for making trades) | [04:56] |
BTC-Mining | I was getting almost pirate rates without the pirate stocks. | [04:56] |
BTC-Mining | That's just how wild prices were | [04:56] |
thestringpuller | that's cause people don't know how to trade. | [04:56] |
BTC-Mining | quite | [04:56] |
BTC-Mining | Made thousands | [04:57] |
thestringpuller | Probably why Satoshi dice is listed on mpex | [04:57] |
mircea_popescu | BTC-Mining that'd be part of the problem, really. | [04:57] |
BTC-Mining | My wallet didn't find it to be a problem at all. | [04:57] |
thestringpuller | only gigamining had a solid trade trend | [04:57] |
thestringpuller | it wasn't volatile | [04:57] |
bitcoinbear | so, have glbse asse holders heard anything yet? | [04:58] |
mircea_popescu | yeah. if you go to the casino and make a lot of money your wallet might not complain | [04:58] |
mircea_popescu | but that doesn't make casinoing an economic activity. | [04:58] |
bitcoinbear | asset, i mean | [04:58] |
thestringpuller | tell that to the kids from MIT who counted cards | [04:58] |
mircea_popescu | right. from a macro perspective the thing was harmful. | [04:58] |
mircea_popescu | otherwise, im sure plenty of people made money bilking the idiots who thought they're investors. | [04:59] |
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bitcoinbear | him trading helps decrease the spread (somewhat), making the market more stable | [04:59] |
thestringpuller | I lost 20 btc, but I've been mining with free electricity, so it's a drop | [04:59] |
BTC-Mining | It's not casinoing if the asset has a base value through profit sharing. The wild price fluctuations just make it much easier to buy below market value and resell it far above market value. | [05:00] |
thestringpuller | for something that didn't have a lot of market depth, GLBSE had a sizable volume of outstanding shares. | [05:00] |
BTC-Mining | Yes, quite | [05:00] |
BTC-Mining | Most shares sold and weren't trading much afterward | [05:01] |
thestringpuller | BTC-Mining isn't that how market makers make their money, via the bid-ask spread? | [05:01] |
BTC-Mining | I suppose | [05:01] |
bitcoinbear | and on some assets the spread was 50% | [05:02] |
bitcoinbear | or more | [05:02] |
BTC-Mining | when the bid-ask spread is 10% - 80% and the trading fee is 0.5% but only for the one selling/buying into orders... | [05:02] |
mircea_popescu | actually, take mpoe.etf. a DAY before it being unwound (at like 1.2x) | [05:02] |
mircea_popescu | the bid was .3 the ask 1.5 or so. | [05:02] |
bitcoinbear | right | [05:02] |
mircea_popescu | one of the precious few solvent assets there. | [05:02] |
mircea_popescu | so not for a second do i consider that "market" in any way related to any economics. | [05:02] |
mircea_popescu | it was pure randomness. | [05:03] |
bitcoinbear | but you could make money off the randomness | [05:03] |
mircea_popescu | had nothing to do with btc finance, or finance at all. | [05:03] |
mircea_popescu | the continuing pretense that it did however, was very harmful for everyone. | [05:03] |
mircea_popescu | no dispute you can make mone yat the casino | [05:03] |
bitcoinbear | like nefario said, it was meant to be a toy | [05:03] |
thestringpuller | LOL | [05:03] |
mircea_popescu | thinking going to the casino = participating in the economy is damaging. | [05:03] |
thestringpuller | Nefario is a dick. | [05:03] |
thestringpuller | Who is now scared of going to jail. | [05:04] |
thestringpuller | I feel we get the last laugh somehow. | [05:04] |
thestringpuller | Even though the joke is on the issuers... | [05:04] |
bitcoinbear | I wish he would move faster so we could just be done with the whole thing | [05:04] |
mircea_popescu | bitcoinbear bitcoinica first, | [05:05] |
mircea_popescu | then glbse. | [05:05] |
BTC-Mining | mircea, that's exactly the point, it's not casino odds if a mining asset pays for x each week but the randomness makes it go 50% under the market rate per mhash then a few days later 50% over market rate. | [05:06] |
thestringpuller | Don't casinos make a lot of money mircea_popescu? Like Las Vegas for instance, the Bellagio just rakes in money. | [05:06] |
thestringpuller | Wouldn't running a casino contribute to the economy? | [05:06] |
mircea_popescu | thestringpuller actually these days casinos are doing very poorly. | [05:06] |
thestringpuller | o rly? | [05:06] |
bitcoinbear | anybody want to buy 10 BDK.BND shares at the low price of 0.08? | [05:06] |
mircea_popescu | yeah. | [05:06] |
thestringpuller | tough times | [05:06] |
thestringpuller | but isn't satoshi dice doing well? | [05:06] |
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thestringpuller | that's "casinoing" | [05:06] |
mircea_popescu | bad 3 or so years. if it keeps up you'll see bankruptcies | [05:06] |
BTC-Mining | I'd buy them for 0.0001 BTC each... | [05:06] |
mircea_popescu | thestringpuller playing satoshidice isn't investing tho. | [05:07] |
mircea_popescu | buying their shares is entirely a diff game. | [05:07] |
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thestringpuller | I see what you are saying. | [05:07] |
thestringpuller | lol | [05:08] |
rdponticelli | I'll outbid BTC-Mining: 0.00011 | [05:08] |
thestringpuller | I don't know if you've ever seen the Chappelle Show, but there was an episode where this guy came into a lot of money, played a dice game, and won, so he had tons of money. | [05:08] |
rdponticelli | :D | [05:08] |
BTC-Mining | 0.00011001 here! | [05:09] |
BTC-Mining | Damn, feels like good old GLBSE | [05:09] |
mircea_popescu | lmao | [05:09] |
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thestringpuller | Like if you won the lottery, then put it all on double 0 at the casino and won again. But then again I guess it's all "casinoing" | [05:10] |
rdponticelli | We can do it here! Lets go! | [05:10] |
mircea_popescu | yeah | [05:10] |
thestringpuller | How will coinlab compete against the asic rush? | [05:12] |
bitcoinbear | btc-mining, was it you who was always outbidding me by a single satoshi? drove me nuts | [05:12] |
mircea_popescu | thestringpuller why'd they compete ? | [05:12] |
BTC-Mining | I kept outbidding by one satoshi and people kept outbidding me by one satoshi, I was going nuts making people go nuts. | [05:13] |
mircea_popescu | with those 2 second page loads... | [05:13] |
mircea_popescu | maybe you folks just need some better masturbation material. | [05:13] |
bitcoinbear | I refused to bid out more than 4 significant digits | [05:13] |
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bitcoinbear | page loads, 2 sec if you were lucky. it made me feel like I was back in 1993 or something | [05:14] |
mircea_popescu | a well. as long as it was working for ya lol | [05:15] |
BTC-Mining | It was due to GLBSE being quite spread up | [05:15] |
smickles | < dub> pirate pays out tomorrow, smickles pays out tomorrow.... coincidence? <<< lolwut? | [05:15] |
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smickles | also, most of my stuff isn't here yet, i'm using a stepstool with a couple of rags for padding as my seat | [05:18] |
mircea_popescu | haha suffer. | [05:19] |
smickles | and this is where my accounting company will start | [05:20] |
assbot | [MPEX] [S.MPOE] 2251 @ 0.00031207 = 0.7025 BTC [+] | [05:20] |
smickles | from rags to riches :D | [05:20] |
mircea_popescu | haha gl! | [05:21] |
rdponticelli | Where are you ipoing, smickles? | [05:21] |
rdponticelli | :) | [05:21] |
smickles | heh, not a public company ;) | [05:22] |
rdponticelli | :( | [05:22] |
rdponticelli | That's not fun | [05:22] |
smickles | i sold some btc earlier to pay licensing and registration fees | [05:22] |
rdponticelli | You're supposed to raise a ton of money and run away | [05:22] |
rdponticelli | You're doing it all wrong | [05:23] |
smickles | rdponticelli: if i need to raise funds, you'll be the first one i make an offer to, m'kay? | [05:23] |
[\] | aww | [05:23] |
[\] | I'm hurt | [05:23] |
rdponticelli | Ok, I'm happy now | [05:23] |
[\] | ;;ticker | [05:24] |
gribble | Best bid: 12.00104, Best ask: 12.05, Bid-ask spread: 0.04896, Last trade: 12.05, 24 hour volume: 27195, 24 hour low: 11.8029, 24 hour high: 12.19 | [05:24] |
[\] | we're at 12 | [05:24] |
[\] | woo | [05:24] |
[\] | c'mon $2.00 btc | [05:24] |
mircea_popescu | o hey. | [05:24] |
smickles | [\]: did you miss us at sub-11 earlier? | [05:24] |
[\] | no | [05:25] |
[\] | but if it drops to $2, I'm gonna buy 50k btc | [05:25] |
* | smickles imagines [\] makeing cash advances on a dozen credit cards while they process his title loan | [05:27] |
[\] | That's what the AMEX is for | [05:28] |
Diablo-D3 | smickles: doesnt work anymore | [05:29] |
Diablo-D3 | banks maliciously reverse loans within a week after they credit check you a second time | [05:29] |
[\] | thats why you wait 3 weeks | [05:30] |
Diablo-D3 | they claim "to prevent fraud", but the only fraud going on is their actions since they already signed the papers | [05:30] |
[\] | :-x | [05:30] |
Diablo-D3 | Ive heard of banks doing it after 3 MONTHS | [05:30] |
mircea_popescu | smickles it was 10.7 or so | [05:31] |
mircea_popescu | Diablo-D3 prolly a pretty penny to be made from sueing then | [05:31] |
Diablo-D3 | mircea_popescu: sometimes | [05:32] |
Diablo-D3 | sometimes you have judges going along with it | [05:32] |
Diablo-D3 | not sure if they're just inept or they're in the bank's pocket | [05:32] |
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mircea_popescu | Chaos - Battle of the Wizards | [05:39] |
mircea_popescu | anyone ever played that ? | [05:39] |
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smickles | mircea_popescu: is that the one that is similar to wherewolf? | [05:44] |
Diablo-D3 | YES | [05:44] |
smickles | er, spelling bad | [05:44] |
Diablo-D3 | I FOUND A GIF | [05:44] |
Diablo-D3 | THAT DESCRIBES | [05:44] |
Diablo-D3 | THE NEFARIO DRAMAS | [05:44] |
Diablo-D3 | us, and I'm clearly kirk: http://i.imgur.com/oafQx.gif | [05:44] |
assbot | [MPEX] [S.MPOE] 1249 @ 0.00031242 = 0.3902 BTC [+] | [05:46] |
mircea_popescu | smickles http://www.mykeblack.com/flash/chaos/chaos_content.html | [05:46] |
Diablo-D3 | http://imgur.com/gallery/JJaLA | [05:46] |
Diablo-D3 | oh god I want one | [05:46] |
Diablo-D3 | just so I can make it talk | [05:46] |
Diablo-D3 | oh fuck comments already go straight to south park | [05:47] |
Diablo-D3 | http://imgur.com/gallery/M7nOu | [05:50] |
Diablo-D3 | HUH | [05:50] |
smickles | oh my connection is so slow | [05:53] |
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assbot | [MPEX] [S.MPOE] 21473 @ 0.00031079 = 6.6736 BTC [-] | [06:11] |
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dub | Diablo-D3: remake a movie with it | [06:19] |
Diablo-D3 | oh fuck | [06:19] |
Diablo-D3 | NO! | [06:19] |
Diablo-D3 | I MUST BE TAKING OVER WORLD! | [06:19] |
dub | gak, I want to shoot thos imgur commenters more that I want to shoot everyone on btctalk | [06:22] |
Diablo-D3 | http://mozillamemes.tumblr.com | [06:22] |
dub | http://25.media.tumblr.com/tumblr_mabnf0OQNA1rrf1eeo1_500.jpg gigavps? | [06:23] |
Diablo-D3 | sometimes I wonder | [06:23] |
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assbot | [MPEX] [S.MPOE] 25227 @ 0.00031079 = 7.8403 BTC [-] | [06:36] |
assbot | [MPEX] [S.MPOE] 10373 @ 0.0003101 = 3.2167 BTC [-] | [06:36] |
Ukto | so did nefario open things up ? | [06:44] |
smickles | not toomany hours ago | [06:45] |
Ukto | still didnt enable password recovery though :/ | [06:46] |
dub | dont forget your password | [06:46] |
Ukto | i havent logged in since my account was emptied from the "hack" in may | [06:46] |
dub | dont get hacked | [06:49] |
Ukto | i somehow dont think I was :P | [06:49] |
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assbot | [MPEX] [S.MPOE] 23235 @ 0.0003101 = 7.2052 BTC [-] | [07:02] |
assbot | [MPEX] [S.MPOE] 7832 @ 0.0003101 = 2.4287 BTC [-] | [07:02] |
assbot | [MPEX] [S.MPOE] 1300 @ 0.00031008 = 0.4031 BTC [-] | [07:02] |
assbot | [MPEX] [S.MPOE] 29233 @ 0.00031 = 9.0622 BTC [-] | [07:02] |
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Diablo-D3 | so how do you get your "assets" | [07:07] |
smickles | omg, i'm rocking a 128k connection | [07:07] |
smickles | (bits) | [07:07] |
smickles | lol, for the fun of it, i fired up cgminer and pointed it at my client, | [07:09] |
Ukto | smickles: a hotel I stayed in Japan last april, was still on an ISDN modem | [07:09] |
Ukto | that was about 12yrs old | [07:09] |
smickles | it said "Accepted c5b1c47c.155918dc" and for a moment, my heart raced as i thought i hit a block | [07:10] |
smickles | Ukto: oh my | [07:10] |
assbot | [MPEX] [S.MPOE] 67796 @ 0.00031017 = 21.0283 BTC [+] | [07:27] |
assbot | [MPEX] [S.MPOE] 8804 @ 0.0003109 = 2.7372 BTC [+] | [07:27] |
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assbot | [MPEX] [S.BVPS] 500 @ 0.00320653 = 1.6033 BTC [+] | [07:53] |
assbot | [MPEX] [S.BVPS] 35 @ 0.00316891 = 0.1109 BTC [-] | [07:53] |
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da2ce7 | New Version of Moneychanger and ot prompt for windows: https://bitcointalk.org/index.php?topic=77301.80 Please help test and report any issues. | [08:11] |
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mircea_popescu | ok, so here's some data : | [08:16] |
mircea_popescu | From 4/2/2012 to 10/4/2012: | [08:17] |
mircea_popescu | 187 contract listings | [08:17] |
mircea_popescu | 66519 total trades | [08:17] |
mircea_popescu | 6006474 total contract volume | [08:17] |
mircea_popescu | 35911.75164BTC total volume | [08:17] |
mircea_popescu | sauce : https://bitcointalk.org/index.php?topic=117491.msg1260596#msg1260596 | [08:17] |
mircea_popescu | so glbse traded 36k btc in 6 months. | [08:17] |
assbot | [MPEX] [S.MPOE] 33400 @ 0.0003109 = 10.3841 BTC [+] | [08:18] |
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assbot | [MPEX] [S.MPOE] 7400 @ 0.00031046 = 2.2974 BTC [-] | [08:43] |
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assbot | [MPEX] [S.MPOE] 1350 @ 0.0003109 = 0.4197 BTC [+] | [09:09] |
assbot | [MPEX] [S.DICE] 135 @ 0.0032 = 0.432 BTC [-] | [09:09] |
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assbot | [MPEX] [S.MPOE] 24397 @ 0.0003109 = 7.585 BTC [+] | [09:34] |
assbot | [MPEX] [S.MPOE] 26203 @ 0.00031282 = 8.1968 BTC [+] | [09:34] |
assbot | [MPEX] [O.BTCUSD.P140T] 2 @ 0.23231876 = 0.4646 BTC [-] | [09:47] |
assbot | [MPEX] [O.BTCUSD.P140T] 1 @ 0.23049622 BTC [-] | [09:47] |
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assbot | [MPEX] [B.MPCD.C] 150 @ 0.00076466 = 0.1147 BTC [-] | [09:51] |
assbot | [MPEX] [O.BTCUSD.C120N] 2 @ 0.23654313 = 0.4731 BTC [+] | [10:06] |
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BTC-Mining | [01:17] |
[10:31] |
BTC-Mining | Sounds awfully wrong since GIGAMINING alone sold 40k bonds at 1 BTC or more and had like twice that volume. | [10:32] |
assbot | [MPEX] [S.MPOE] 25100 @ 0.00031046 = 7.7925 BTC [-] | [10:33] |
BTC-Mining | 2823.6BTC total revenue from trading fees | [10:33] |
BTC-Mining | x 200 is over 500k trading volume | [10:34] |
BTC-Mining | I remember calculating it as higher than that however. | [10:34] |
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assbot | [MPEX] [S.MPOE] 5976 @ 0.00031149 = 1.8615 BTC [+] | [10:59] |
assbot | [MPEX] [S.MPOE] 10800 @ 0.00031046 = 3.353 BTC [-] | [10:59] |
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assbot | [MPEX] [S.MPOE] 43867 @ 0.00031 = 13.5988 BTC [-] | [11:25] |
assbot | [MPEX] [S.MPOE] 4733 @ 0.00030994 = 1.4669 BTC [-] | [11:25] |
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assbot | [MPEX] [S.MPOE] 2600 @ 0.00031034 = 0.8069 BTC [+] | [11:50] |
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assbot | [MPEX] [S.MPOE] 37300 @ 0.00031032 = 11.5749 BTC [-] | [12:15] |
assbot | [MPEX] [S.MPOE] 32200 @ 0.00030994 = 9.9801 BTC [-] | [12:15] |
jurov | morning | [12:25] |
jurov | coinbr was updated, check it.. just few kinks to iron and we can do official announcement | [12:26] |
jurov | but referrals are already working | [12:26] |
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FabianB | jurov: cool :), will check later after work | [12:29] |
jurov | see you later | [12:36] |
assbot | [MPEX] [S.MPOE] 2567 @ 0.00030994 = 0.7956 BTC [-] | [12:41] |
assbot | [MPEX] [S.MPOE] 11633 @ 0.00030992 = 3.6053 BTC [-] | [12:41] |
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assbot | [MPEX] [S.MPOE] 10600 @ 0.00031034 = 3.2896 BTC [+] | [13:06] |
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assbot | [MPEX] [S.MPOE] 40156 @ 0.00031034 = 12.462 BTC [+] | [13:31] |
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assbot | [MPEX] [S.MPOE] 44467 @ 0.00030992 = 13.7812 BTC [-] | [13:57] |
assbot | [MPEX] [S.MPOE] 22054 @ 0.00030983 = 6.833 BTC [-] | [13:57] |
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assbot | [MPEX] [S.MPOE] 1268 @ 0.00031034 = 0.3935 BTC [+] | [14:22] |
assbot | [MPEX] [S.MPOE] 35300 @ 0.00031036 = 10.9557 BTC [+] | [14:22] |
Chaang-Noi | ltc had some epic volume today | [14:25] |
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Chaang-Noi | this chan is dead... | [14:34] |
FabianB | just less scammer talk | [14:35] |
kakobrekla | hehe | [14:36] |
kakobrekla | less chick fights | [14:37] |
Chaang-Noi | lol | [14:37] |
Chaang-Noi | where is usagi? | [14:37] |
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assbot | [MPEX] [S.MPOE] 9100 @ 0.00031079 = 2.8282 BTC [+] | [14:48] |
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Chaang-Noi | is glbse still collecting aml docs? | [14:52] |
kakobrekla | no | [14:54] |
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copumpkin | Chaang-Noi: it proved to be too technically challenging | [15:07] |
Chaang-Noi | are you kidding? | [15:07] |
copumpkin | I dunno, all I know is that for a while he had a form up and then he took it down | [15:08] |
Chaang-Noi | yeah | [15:08] |
Chaang-Noi | i guess it was not a legal demand after all | [15:08] |
copumpkin | he's so sketchy :P | [15:08] |
Chaang-Noi | i wonder what is going on in his head right now... | [15:08] |
Chaang-Noi | yeah... | [15:08] |
Chaang-Noi | what a mess | [15:09] |
Chaang-Noi | also i wonder what the SEC will do now that glbse closed down | [15:09] |
Chaang-Noi | i wonder if they will still go after them or just walk away | [15:09] |
copumpkin | "yeah, sure, you were hacking up kidnapped hookers for years before, but you appear to have stopped, so I guess you're good. Sorry for the unpleasant chase!" | [15:10] |
copumpkin | :P | [15:10] |
copumpkin | - no legal prosecutor ever | [15:10] |
copumpkin | but who knows :) | [15:10] |
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assbot | [MPEX] [S.MPOE] 39500 @ 0.0003121 = 12.328 BTC [+] | [15:13] |
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Chaang-Noi | well | [15:22] |
Chaang-Noi | sometimes they act to stop an activity | [15:22] |
Chaang-Noi | this is not always the case | [15:22] |
Chaang-Noi | but glbse said they were wrong to be doing what they were doing, it just does not add that headline pop | [15:22] |
Chaang-Noi | fed shut down already closed exchange... | [15:23] |
Chaang-Noi | seems like a waste of tax payer money | [15:23] |
Chaang-Noi | now if glbse was a terrorist operation sure... | [15:23] |
Chaang-Noi | but trading btc and all that shit? its not going to be an easy case i bet | [15:23] |
copumpkin | well, the crime was already committed, and they can claim that many people were defrauded as a result of the unregulated exchange operating for so long | [15:23] |
Chaang-Noi | yes they can | [15:24] |
copumpkin | due to all the fraudulent unregulated securities issued on it | [15:24] |
Chaang-Noi | but my question is will tehy | [15:24] |
Chaang-Noi | really this is a small thing | [15:24] |
Chaang-Noi | and really the SEc going after this will make the right wing nuts in the usa take a hard look at btc and might even help it | [15:25] |
Chaang-Noi | if the SEC is scared of BTC im bullish in BTC :) | [15:25] |
copumpkin | :P | [15:27] |
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copumpkin | "I'm against all forms of regulation and government control, except, OH SHIT, PEOPLE ARE BUYING IMMORAL THINGS WITH BITCOIN. WE MUST BANISH IT FROM THE EARTH AS GOD EXPECTS" | [15:28] |
copumpkin | or, from the other side, "regulation is good, and we need to protect dumbasses from themselves. We must regulate bitcoin" | [15:29] |
copumpkin | yay politics :) | [15:29] |
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copumpkin | that's not to say I think one side is as good as the other, mind you | [15:31] |
Chaang-Noi | :) | [15:32] |
Chaang-Noi | yeah | [15:32] |
assbot | [MPEX] [S.MPOE] 23500 @ 0.00031183 = 7.328 BTC [-] | [15:39] |
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assbot | [MPEX] [S.DICE] 885 @ 0.0032 = 2.832 BTC [-] | [15:41] |
assbot | [MPEX] [O.BTCUSD.P130T] 719 @ 0.20596839 = 148.0913 BTC [+] | [15:55] |
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iz | copumpkin: do you think ppl should be able to run ponzi schemes and scam dumbasses out of hundreds of thousands of bitcoins? | [16:16] |
copumpkin | what makes you think that? | [16:17] |
iz | or do you think there should be regulation that protects dumbasses from themselves? | [16:17] |
MrTiggr | BitcoinNannyState | [16:17] |
MrTiggr | nothx | [16:17] |
iz | running to the cops or the SEC to sue or get someone in trouble for scamming you out of BTC is using that regulation | [16:18] |
MrTiggr | iz: do you think ppl should be able to run ponzi schemes and scam dumbasses out of hundreds of thousands of regular CASH? .. bitcoin is the equivalent of cash ... if you blilndly give it to the rong person ... its gone dude and its yer own fault | [16:19] |
MrTiggr | people should treat bitcoin with the same scrutiny that they do for cash transactions | [16:20] |
iz | no, people shouldn't be able to do that with cash, and that's why the SEC and regulatory agencies exist | [16:20] |
iz | it's not the cash vs bitcoin | [16:20] |
iz | it's regulated exchanges and investment companies, like with cash | [16:20] |
assbot | [MPEX] [S.MPOE] 34100 @ 0.00031101 = 10.6054 BTC [-] | [16:20] |
assbot | [MPEX] [S.MPOE] 26656 @ 0.00031079 = 8.2844 BTC [-] | [16:20] |
MrTiggr | and by "Cash" i mean coins and notes | [16:20] |
MrTiggr | SEC cant track that | [16:21] |
copumpkin | MrTiggr: are you saying that "real-world" cases of fraud should not be prosecuted? | [16:21] |
MrTiggr | no | [16:21] |
iz | vs unregulated exchanget and investment companies, like with bitcoin, where most of them are scams | [16:21] |
copumpkin | because the defrauded party was dumb enough to hand over his money? | [16:21] |
MrTiggr | i am SPECIFICALLY comparing bitcoin to CASH | [16:21] |
MrTiggr | coins/notes | [16:21] |
copumpkin | that's irrelevant though | [16:21] |
copumpkin | this is whether someone was defrauded or not | [16:21] |
MrTiggr | no chargeback and not really very tracable | [16:21] |
copumpkin | do you blame the victim of fraud on the victim? | [16:21] |
MrTiggr | well | [16:21] |
MrTiggr | not irrelevant | [16:21] |
copumpkin | those are technical aspects | [16:21] |
copumpkin | implementation details, you might say | [16:21] |
MrTiggr | the next point i will make is | [16:21] |
MrTiggr | we should provide bitcoiners with the tools to ensure that their "cash-like" transactions can be conducted with the best possible confidence | [16:22] |
iz | it's not about transactions with scams though | [16:22] |
MrTiggr | if my mate buys a TV from a stranger with cash and gets ripped | [16:22] |
MrTiggr | im not gonna cry for him | [16:22] |
iz | they are making the transactions intentionally | [16:22] |
MrTiggr | the point i am making is that there is a level of responsibility that normal transactions are held to, which bitcoiners seem to think doesnt apply | [16:23] |
iz | what if your grandma spends all of her retirement money buying a new spaceage TV that cooks dinner for her | [16:23] |
MrTiggr | its sad | [16:23] |
MrTiggr | but it happens | [16:23] |
MrTiggr | in fact, happened to my grandpa | [16:23] |
MrTiggr | i FEEL for him | [16:23] |
MrTiggr | but he was stoopid enuf to do it | [16:23] |
iz | should it be legal for a company to carry on business defrauding grandmas? | [16:23] |
MrTiggr | not check who he qwas dealing with etc | [16:23] |
MrTiggr | he shud learn his lesson | [16:24] |
iz | who do you check with? | [16:24] |
copumpkin | MrTiggr: what if a con artist lies his way into your building and takes money from your vault? | [16:24] |
iz | if there is no regulatory agency | [16:24] |
iz | how can you tell what is a real investment company.. and what is a scammy investment company? | [16:24] |
copumpkin | is this purely about not using violence to obtain someone else's property? | [16:24] |
iz | you just have to take their word for it | [16:24] |
copumpkin | it seems you could make arguments about someone not being strong enough to resist robbers | [16:24] |
iz | or the word on the street | [16:24] |
copumpkin | and deserving it | [16:24] |
copumpkin | in fact, I have seen gun advocates say that | [16:25] |
MrTiggr | not as far as i am concerned - i equate bitcoin to cash ... im not giving my dollar bills to anyone i dont trust ... neither should a bitcoiner | [16:25] |
copumpkin | this has nothing to do with cash | [16:25] |
copumpkin | cash boils down to whether you can prove that you gave the money to the person | [16:25] |
iz | MrTiggr: investments don't care how you give them the money | [16:25] |
copumpkin | that's got little to do with the actual crime | [16:25] |
iz | neither do scammers | [16:25] |
MrTiggr | in the same breath - i personally do everything i can to help bitcoiners make the best decision about their trades | [16:25] |
MrTiggr | (i AM bitcoin-police after all) | [16:25] |
copumpkin | whether bitcoin is equivalent to cash is completely irrelevant to the legality/morality of the issue | [16:25] |
iz | MrTiggr: how do you know what is good and what is a scam? | [16:26] |
copumpkin | it just determines how easy it is to prove that you gave it to them | [16:26] |
MrTiggr | investments (like glbse .. which is what i imagine you are referring) are not the same thing | [16:26] |
MrTiggr | iz ...i agree - its hard | [16:26] |
MrTiggr | but its hard with "real cash" too | [16:26] |
iz | yeah, that's like.. we're discussing if children should be able to drink alcohol or not, and you are like "well.. i think it all depends on if it's vodka or whiskey" | [16:26] |
MrTiggr | lets not confuse casual -otc bitcoin trading with .. ponzi or other investment | [16:27] |
iz | it doesn't matter if it's bitcoin or cash or pokemon cards | [16:27] |
iz | an investment scam vs a real investment opportunity are hard to tell the difference between, without there being some sort of regulatory agency | [16:28] |
MrTiggr | so... you are defending the people who blindly "invested" bitcoin in .. lets say for arguments sake .. a glbse stok .. with out checking who was managing the funds | [16:28] |
MrTiggr | is that bitcoin's fault | [16:28] |
MrTiggr | no | [16:28] |
iz | it's not bitcoin's fault | [16:28] |
copumpkin | nobody's claiming it is bitcoin's fault | [16:28] |
copumpkin | that was never even a question | [16:28] |
iz | but it happened because there is no regulatory agency | [16:28] |
MrTiggr | it happened due to lack of consumer diligence imho | [16:28] |
iz | and the reason that doesn't happen so much in the real USD markets | [16:28] |
iz | is because of regulation | [16:29] |
MrTiggr | "who is nefario" << first Qn id have asked myself if investing in any glbse stock | [16:29] |
copumpkin | MrTiggr: just like I got robbed because I hadn't learned martial arts, or wasn't carrying a gun? it happened because an asshole defrauded you. | [16:29] |
iz | do you think it should be okay for people to dress up like police officers and go around to people's houses | [16:30] |
iz | and the people who don't call the main police office to check on the badge numbers to make sure they are real cops | [16:30] |
copumpkin | "you should have called up the police office to make sure they had sent someone, before letting him in" | [16:30] |
copumpkin | :) | [16:30] |
MrTiggr | regulation i don thtink is the answer... i agree there is aproblem, but im kinda sick of bitcoiners blaming their own lack of due diligence on the "missing regulatory component" for which bitcoin was originally founded | [16:30] |
iz | deserve the robbing they are going to get | [16:30] |
iz | you are mistaken | [16:30] |
copumpkin | I don't think bitcoin was originally founded "for" that | [16:30] |
copumpkin | bitcoin is a protocol | [16:30] |
iz | bitcoin wasn't founded for that | [16:30] |
MrTiggr | De-Centralized currency is one of the core tennant of bitcoin | [16:31] |
copumpkin | the protocol doesn't require regulation, but the people using it might | [16:31] |
MrTiggr | regulation centralizes | [16:31] |
iz | the problem are the bitcoin exchanges not being regulated | [16:31] |
copumpkin | no it doesn't | [16:31] |
copumpkin | this is silly | [16:31] |
iz | not that bitcoin itself isn't regulated | [16:31] |
copumpkin | :) | [16:31] |
MrTiggr | [16:31] | |
iz | how could you regulate cash against scams involving cash (besides counterfeiting)? | [16:31] |
MrTiggr | seems regulated to me | [16:31] |
iz | lol | [16:31] |
iz | bitfloor | [16:31] |
iz | tradehill | [16:32] |
iz | they are just some random dude | [16:32] |
iz | putting a website up on a VPS somewhere that he bought w/ bitcoins | [16:32] |
MrTiggr | ?? and they would have been raepd for not being AML compliant | [16:32] |
iz | for trading real money | [16:33] |
iz | only because they trade real money, and use the regulation that real money provides | [16:33] |
iz | for bitcoin investment companies that DON'T deal in cash and only in bitcoins | [16:33] |
iz | they don't have any regulations they need to follow at all | [16:33] |
MrTiggr | true | [16:34] |
MrTiggr | all the more reason for due diligence | [16:34] |
iz | you're saying "no regulation to bitcoin" while touting that bitcoin exchanges are AML compliant.. | [16:34] |
MrTiggr | either you centralize and regulate or you dont | [16:34] |
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iz | and the only reasons bitcoin exchanges are AML compliant is BECAUSE of the regulation of USD | [16:34] |
MrTiggr | exchanges are not bitcoin ... they are a way out/in to bitcoin | [16:34] |
iz | you don't need to centralize the mint to have regulation of exchanges | [16:34] |
MrTiggr | if you are talking about regulation of exchanges, i have no problem with that | [16:35] |
iz | all you need is a 3rd party regulatory agency that has a vested intrest in maintaining everyone's trust and not letting ppl break rules just because they got paid off | [16:35] |
iz | also regulating bitcoin investment companies | [16:35] |
MrTiggr | ooh thats "all you need" .. so who we gonna trust on that | [16:36] |
MrTiggr | sarcasm included - thats a real question | [16:36] |
iz | like.. make sure they keep the offline wallet key used to store everyone's bitcoins secret and don't check it into git | [16:36] |
MrTiggr | totally for that - thats not really regulation ... not in the true sense though ... its some form of compliance to a satandard | [16:37] |
iz | MrTiggr: ever use SSL? the CAs are exactly like that | [16:37] |
iz | just companies that have a vested intrest in being secure authorities | [16:37] |
MrTiggr | ok so we setup Bitcoin-Verisign then ? | [16:37] |
iz | well, something like that | [16:37] |
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iz | someone should | [16:37] |
MrTiggr | not an entirely bad idea | [16:37] |
iz | but i don't know if it would be profitable | [16:37] |
mircea_popescu | iz that'd be mpex. | [16:37] |
MrTiggr | i wudnt classify that as typical regulation though | [16:37] |
iz | oh, nice | [16:38] |
iz | yeah, i figured someone would try to do something like that | [16:38] |
MrTiggr | and ++ mircea_popescu | [16:38] |
mircea_popescu | course, people bitch and moan. but slowly & surely. | [16:38] |
iz | okay breakfast time for me.. peace all | [16:39] |
MrTiggr | peace bro! ... don't hate my devil's-advocate hat oo much ... im kinda cranky today :P | [16:40] |
assbot | [MPEX] [S.MPOE] 47600 @ 0.00031003 = 14.7574 BTC [-] | [16:46] |
assbot | [MPEX] [S.MPOE] 28400 @ 0.00030983 = 8.7992 BTC [-] | [16:46] |
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Ukto | *yawn* morning | [16:49] |
Ukto | did nefario actually "give out" assets/btc yet? | [16:49] |
mircea_popescu | not afaik | [16:54] |
assbot | [MPEX] [O.BTCUSD.P140T] 266 @ 0.25780139 = 68.5752 BTC [+] | [16:55] |
assbot | [MPEX] [O.BTCUSD.P140T] 183 @ 0.27932903 = 51.1172 BTC [+] | [16:55] |
* | Now talking on #bitcoin-assets | [22:14] |
* | Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://polimedia.us/mpex || https://coinbr.com || https://cryptostocks.com || https://icbit.se || https://therocktrading.com || https://assets-otc.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || Net Chart: http://bit.ly/RMjqah || a biased message: http://smpake.com || http://bit4x.com | [22:14] |
* | Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Sun Oct 7 19:47:05 2012 | [22:14] |
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assbot | [MPEX] [S.MPOE] 13600 @ 0.00030995 = 4.2153 BTC [+] | [22:23] |
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mircea_popescu | There's no drama like Bitcoin drama. The "will pirate make contact" storyline returns tomorrow and the new season of "will BFL deliver" starts in a couple of weeks. It's like reality TV without the ads. Which well-known Bitcoin business will suddenly fail next? Who should be voted off the libertarian island? | [22:48] |
mircea_popescu | ahah so true. | [22:48] |
jcpham | boner | [22:49] |
assbot | [MPEX] [S.MPOE] 9302 @ 0.00031179 = 2.9003 BTC [+] | [22:49] |
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mircea_popescu | https://bitcointalk.org/index.php?topic=114820.msg1264442#msg1264442 also seems usagi ragequit ? | [22:52] |
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mircea_popescu | so is bitfloor fucked v2.0 ? | [22:58] |
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FabianB | again? | [23:00] |
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mircea_popescu | well seems they lost chase acct | [23:01] |
mircea_popescu | so this'd be banking not tech. | [23:01] |
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sgornick | mircea_popescu: Lost chase and wells fargo (well, no deposits, no ach withdraw .. .. through end of Oct, though if he doesn't know why they froze it how does he know end of Oct. it will be re-opened, with access to funds?) | [23:10] |
mircea_popescu | o wow both ? | [23:11] |
mircea_popescu | well that's ok, he makes a third coming, this time with a frozen BTC and a frozen USD balance. | [23:11] |
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sgornick | "WellsFargo cash deposits are currently suspended. We apologize for any inconvenience and are looking for a resolution." | [23:12] |
sgornick | https://twitter.com/bitfloor/status/256122628471930881 | [23:12] |
sgornick | "business reasons" with no explanation. | [23:12] |
mircea_popescu | you know... it's almost as if the banks are by now workingtogether to fuck over btc exchanges | [23:12] |
sgornick | https://twitter.com/bitfloor/status/256125151823941634 | [23:12] |
mircea_popescu | possibly the worst business to be in. | [23:12] |
sgornick | Yup, and they have an excuse that sounds legit. "Just because, um ... we can't tell you why." | [23:13] |
mircea_popescu | well frankly, they're entirely within their right to tell you to take a hike. | [23:13] |
mircea_popescu | it's a bank after all, it's not obliged to handle your money. | [23:13] |
sgornick | Until I can legally open a bank then that is bullshit. | [23:14] |
mircea_popescu | you can. | [23:14] |
mircea_popescu | you just need a lot of money. | [23:14] |
sgornick | Bullshit | [23:14] |
mircea_popescu | what ? | [23:14] |
dub | all is not well in magical bunny land | [23:15] |
mircea_popescu | i'm serious tho, come to romania and open a bank. you need something like 50ish mn in capital iirc. | [23:15] |
assbot | [MPEX] [S.MPOE] 12798 @ 0.0003126 = 4.0007 BTC [+] | [23:15] |
pigeons | i'd rather open a mcdonalds | [23:15] |
rdponticelli | How long would take mpex to open his own bank? | [23:16] |
rdponticelli | :) | [23:16] |
rdponticelli | pigeons: for that you need garbage amounting in the millions | [23:17] |
sgornick | Right, wasn't calling bullshit on that you need money to open a bank. Was trying to say how that moeny requirement is bullshit. | [23:17] |
mircea_popescu | rdponticelli i don't want a bank tho. | [23:17] |
mircea_popescu | sgornick why would it be bullshit tho ? i mean... allow nefario to open an irl bank ? | [23:17] |
mircea_popescu | money as a barrier to entry is great, because in spite of all its failings, modern society works pretty well at keeping idiots and money apart. | [23:18] |
pigeons | people wouldn't use nefario if there were legal alternatives competent people would run them | [23:18] |
rdponticelli | mircea_popescu: damn, I won't buy anymore S.MPOE, then | [23:18] |
mircea_popescu | pigeons right. like... you know... btc stock exchanges. | [23:18] |
rdponticelli | I thought we was building a bank | [23:18] |
rdponticelli | xD | [23:18] |
mircea_popescu | you're flat out wrong. the incompetent flock together. | [23:18] |
mircea_popescu | rdponticelli banks suck, the margins are about as narrow as in electricity production. | [23:19] |
pigeons | or at least they hire likeminded people to post for them on forums | [23:19] |
mircea_popescu | no, in general they do it themselves. | [23:19] |
mircea_popescu | and the honesty of their incompetence resonates with the inner vibration of incompetence in a large mass of others. | [23:20] |
pigeons | that's deep | [23:20] |
mircea_popescu | and it has vibrations! | [23:20] |
mircea_popescu | but incidentally, why are there mcdonald's places, pigeons ? after all, there's legal alternatives run by competent people. like, you know, actual restaurants. | [23:21] |
mircea_popescu | chez asshole. | [23:21] |
mircea_popescu | i mean alphonse. chez alphonse. | [23:22] |
pigeons | what are the legal alternatives to banks? | [23:23] |
pigeons | there aren't. join the cartel or else use nefario | [23:23] |
mircea_popescu | "the cartel" ? | [23:24] |
pigeons | .wik cartel | [23:24] |
markac | "A cartel is a formal agreement among competing firms." - http://en.wikipedia.org/wiki/Cartel | [23:24] |
mircea_popescu | there's no banking cartel wtf. | [23:24] |
jcpham | but there can be a bitcoin cartel | [23:25] |
sgornick | mircea_popescu: When fractional reserve is 10:1 that's when the system fails without a large amount of capital (and generally fails even with a large amount of capital) | [23:25] |
sgornick | But here's an approach where I need only $1 to do this. | [23:26] |
sgornick | http://market-ticker.org/akcs-www?post=209282 | [23:26] |
mircea_popescu | sgornick well that's two arguments you're proposing, and they're unrelated. anyway, there's no practical way to limit credit. | [23:27] |
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mircea_popescu | if i promise my gf to take her to the film, it's none of your business. | [23:27] |
mircea_popescu | credit arises naturally. | [23:27] |
BTC-Mining | arf, give me my bitcoins, GLBSE! | [23:27] |
mircea_popescu | BTC-Mining shoe on head ? | [23:27] |
BTC-Mining | no shoe on head... | [23:27] |
mircea_popescu | aww | [23:28] |
BTC-Mining | It seems the AML docs requirement was removed | [23:28] |
mircea_popescu | i saw. isn't this great, policy by shoestring ? | [23:28] |
mircea_popescu | and when i say glbse is damaging, this is EXACTLY what i mean. will in the future people go "o, i won't follow stated policy cause what if these people reverse it like glbse used to do" ? yes, they will. | [23:28] |
mircea_popescu | the false notion that glbse was a btc-financials related website is fucking us over ;/ | [23:29] |
FabianB | jurov: in the orderform of coinbr it would be nice if the item selectbox would have a consistent ordering | [23:31] |
* | guruvan (~guruvan@gateway/tor-sasl/guruvan) has joined #bitcoin-assets | [23:31] |
* | guruvan- (~guruvan@gateway/tor-sasl/guruvan) has joined #bitcoin-assets | [23:31] |
assbot | [MPEX] [S.MPOE] 30000 @ 0.0003112 = 9.336 BTC [-] | [23:41] |
BTC-Mining | [16:29] |
[23:47] |
mircea_popescu | yes, this is dog. | [23:48] |
BTC-Mining | Well it could have been, but Nefario screwed it up. He should have accepted brokering unregistered securities might not be legal and stayed in China. Lower costs of living to top it. | [23:48] |
BTC-Mining | Instead of backing up for unknown reasons (theft, fears, whatever) | [23:49] |
mircea_popescu | it surely could have been. | [23:50] |
* | Doffx (~doff@173-160-245-174-Washington.hfc.comcastbusiness.net) has joined #bitcoin-assets | [23:50] |
mircea_popescu | back when he was still in China I honestly thought that's where he's going and mostly why I laid off him | [23:50] |
mircea_popescu | (that and a bunch of people vouching) | [23:50] |
BTC-Mining | You need some dedication when offering bitcoin services. | [23:52] |
BTC-Mining | In any case, I'm off. Don't know why I've been paying 26$/month for TV I'm not using when I watch my shows online. | [23:53] |
mircea_popescu | "some". | [23:53] |
mircea_popescu | i'd say it's easier to have children. | [23:53] |
mircea_popescu | http://www.youtube.com/watch?v=On0r-7XGf0U << is this chick high ? | [23:53] |
BTC-Mining | Got to return a terminal eh | [23:53] |
dub | its atlas | [23:57] |
mircea_popescu | who is ? | [23:58] |
dub | that stoned girl | [23:58] |
dub | pic related http://media.reason.com/mc/mriggs/2012_10/40Years0fDrugWarFailure.jpg | [23:59] |
mircea_popescu | heh yea. | [23:59] |
Category: Logs