Forum logs for 13 Aug 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
DeaDTerra okay just had a chat with Jered that will give my message to JRO once he get s home :) [00:02]
DeaDTerra so hopefully we will have a direct line between JRO and Nefario soon, so we can get a solution to this mess [00:02]
assbot [GLBSE] [ASICMINER] 5 @ 0.1 = 0.5 BTC [00:03]
assbot [GLBSE] [NYAN.B] 2 @ 1 = 2 BTC [-] [00:04]
assbot [GLBSE] [OBSI.HRPT] 11 @ 0.1047 = 1.1517 BTC [+] [00:04]
BTC-Mining which mess? [00:06]
DeaDTerra rebate and JRO [00:06]
* farfi_ hopes its true [00:07]
farfi_ and zip.a or is that still alive? [00:08]
BTC-Mining Ah, I see... looks inactive... [00:08]
BTC-Mining Why is it still around? [00:08]
BTC-Mining Although, by looking at the website for bitcoinrebate... the issuer IS giving 1/50000 of revenues per share daily: Nothing. [00:10]
BTC-Mining And it's somehow always given on time: Never [00:11]
BTC-Mining Talk about being ponctual [00:11]
farfi_ no point rubbing it in [00:11]
BTC-Mining oh, sorry. Did you have shares in it? [00:12]
paladon hi DeaDTerra still interested in some shares? [00:13]
EskimoBob what about the zipconf? [00:13]
DeaDTerra sorry all out of liquid capital otherwise I would have gotten some [00:14]
paladon ok np [00:14]
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assbot [MPEX] [F.GIGA.ETF] 200 @ 0.00111814 = 0.2236 BTC [-] [00:22]
assbot [MPEX] [S.MPOE] 32200 @ 0.00035541 = 11.4442 BTC [-] [00:22]
BTCHero so glbse is down? [00:23]
BTCHero All my moneh!!!! [00:23]
BTC-Mining wait, it's not down... [00:24]
Obsi yep it done broked [00:24]
* orkaa (~nace@188-230-165-22.dynamic.t-2.net) has joined #bitcoin-assets [00:24]
BTCHero oh it works for me again [00:25]
BTC-Mining I can still load pages and do stuff [00:25]
BTC-Mining Ah, it's a bit slow, maybe some requests just time out on some occasions [00:25]
mircea_popescu BTCHero was down for me earlier [00:26]
assbot [GLBSE] [GMVT-BOT] 1 @ 0.1 BTC [-] [00:30]
assbot [GLBSE] [OBSI.HRPT] 438 @ 0.101 = 44.238 BTC [-] [00:30]
assbot [GLBSE] [OBSI.HRPT] 6 @ 0.101 = 0.606 BTC [-] [00:30]
BTCHero DeaDTerra: You give ASICMINING your seal of approval? [00:31]
assbot [GLBSE] [FOO.PPPPT] 4 @ 1.04 = 4.16 BTC [-] [00:32]
BTCHero err ASICMINING [00:32]
assbot [GLBSE] [OBSI.HRPT] 9 @ 0.101 = 0.909 BTC [-] [00:32]
assbot [GLBSE] [NYAN.C] 10 @ 1 = 10 BTC [+] [00:33]
assbot [GLBSE] [NYAN.C] 1 @ 1 BTC [+] [00:33]
DeaDTerra Yes, though unfortunatly my seal of approval isn't worth much anymore... xD [00:33]
BTCHero Oh, must be some drama i missed [00:34]
DeaDTerra Hopefully JRO will do what's right and restore not only his but also my reputation [00:34]
assbot [GLBSE] [OBSI.HRPT] 170 @ 0.101 = 17.17 BTC [-] [00:34]
DeaDTerra Rebate+ZIP.A are frozen [00:34]
DeaDTerra pending a buyback [00:34]
mircea_popescu what'd be the total value involved ? [00:34]
BTCHero is there a pertinent thread on bitcointalk? [00:35]
mircea_popescu https://bitcointalk.org/index.php?topic=83784.msg999988#msg999988 like [00:37]
DeaDTerra It depends full value 5000 BTC, buy back according to contract closer to 3500 BTC [00:37]
assbot [GLBSE] [OBSI.HRPT] 9 @ 0.1047 = 0.9423 BTC [+] [00:37]
assbot [GLBSE] [BIF.BTCST.PPT] 4 @ 1.0443 = 4.1772 BTC [+] [00:37]
assbot [GLBSE] [CPA] 12 @ 0.10296 = 1.2355 BTC [+] [00:38]
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mircea_popescu so like 40k usd. hopefully the guy wouldn't muck up his name for a midrange car. [00:39]
Ukto I could use a new car [00:41]
Ukto >,> [00:41]
BTCHero mircea_popescu: I have had people rob me of 25 dollars [00:41]
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mircea_popescu ya BTCHero but were they people trying to be like, i dunno, property developers ? [00:42]
BTCHero so I take it DeaDTerra was covering for him? Is that what i am reading [00:42]
assbot [MPEX] [S.MPOE] 11912 @ 0.00034886 = 4.1556 BTC [-] [00:42]
BTCHero mircea_popescu: more like drug users [00:42]
mircea_popescu well. [00:42]
assbot [GLBSE] [BDK.BND] 2 @ 0.102747 = 0.2055 BTC [+] [00:42]
mircea_popescu what i don't seem to get an answer to is if the j kenna guy paid all tradehill deposits ? or not really ? [00:42]
rg DRAMA ? [00:42]
mircea_popescu just the zip thing. [00:43]
rg zipconf turned out to be shit? [00:43]
mircea_popescu and rebate [00:43]
assbot [MPEX] [F.GIGA.ETF] 1500 @ 0.00111814 = 1.6772 BTC [-] [00:43]
DeaDTerra Yes I was kind of covering for him, he told me things was delayed and that it would soon be up and running. naively I belived him and as long as he payed the dividends i thought it was okay. This is for ZIP.A [00:44]
rg i calllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllled it [00:44]
mircea_popescu well the owens guy is awol or w/e. [00:44]
rg rg +1 [00:44]
mircea_popescu rg : that's what Chaang-Noi said. you shoudl team up [00:44]
rg remember when i was like well we should probably get some proof from him [00:44]
rg like src [00:44]
rg and like [00:44]
rg info [00:44]
Azelphur http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/ :O [00:44]
rg and everyone was like no [00:44]
rg theyre already cool [00:44]
DeaDTerra For Rebate he disapeared and I had no contact for a long time then he got back and told me Alberto was now in charge and I have been workign with it ever since to try to make it correct [00:44]
assbot [GLBSE] [NYAN.C] 2 @ 1 = 2 BTC [+] [00:45]
DeaDTerra Yes my decisions have might have been questionable but I have always made them for the right reason. Always pushing for justice for the share holders. [00:45]
Chaang-Noi rg i posted on the forum that his "magic" was bs and made clear mathew w was in the pay of jro for setting up the scam... [00:45]
Chaang-Noi this was not shock to some [00:46]
assbot [GLBSE] [NYAN.C] 2 @ 1 = 2 BTC [+] [00:46]
mircea_popescu DeaDTerra i still don't see why you'd bother from the get go. [00:46]
DeaDTerra Well, when I first started with JRO he has a team, he had a vision and a sound idea. So I helped him, I put my ass on the line. I invested heavily into him. [00:47]
Chaang-Noi honestly Dead, i pull my money out of your fund when you started working with jro and matthew w [00:48]
assbot [GLBSE] [BTC-MINING] 1 @ 1 BTC [+] [00:48]
DeaDTerra When then things started to go worse, I thought it was just some development errors it will soon be fixed. The actual truth that a rebate was not being developed and b ZipConf didn't work as intended was not told. Instead they said it's being worked on or being delayed. [00:48]
rg well [00:48]
rg it just stunk to me [00:48]
rg from the beginning [00:48]
rg all i did was ask people to ask questiions [00:48]
Chaang-Noi and dead, you were about the only person who i let have my coins [00:48]
rg before they start handing over their moneyt [00:48]
rg that's all [00:48]
DeaDTerra Well I have learnt, hopefully this will never happen agai for me. [00:48]
rg i was just about to make a joke [00:48]
DeaDTerra Thank you, Feels good to know that people don't doubt my trust even though I did a major fuck up. [00:49]
rg and realized that a stock trading channel is probably not the best place to make it [00:49]
mircea_popescu you obviously aren't aware of how poker is played. [00:49]
DeaDTerra hahah xD [00:49]
mircea_popescu you drop hands don't prop hands. [00:49]
rg that reminds me [00:49]
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rg i need to pay a $600 bill [00:49]
assbot [GLBSE] [NYAN.C] 10 @ 1 = 10 BTC [+] [00:49]
DeaDTerra Yea, when I realized there were cracks I should have stepped away, instead of trying to improve it trying to force justice and development. [00:49]
mircea_popescu learn from that, srsly. [00:50]
assbot [GLBSE] [NASTY] 9 @ 0.55 = 4.95 BTC [-] [00:50]
mircea_popescu and everyone should. all this supporting people you aren't married to... srsly. [00:50]
Chaang-Noi jro and matthew w should not be trusted :/ [00:50]
DeaDTerra I will, I will never put my name on something I don't controll, and if I do it has to be clearly stated that I only do x and y. Because with rebate suddenly instead of a team and a massive budget we had a confused investor (that's me) and a single developer. [00:51]
mircea_popescu myea. [00:51]
DeaDTerra oh well, done is done. It's easy to be smart in retrospect. [00:51]
mircea_popescu for good cause in english smart means both like wise and like what you feel on your ass after a good belting. [00:51]
DeaDTerra Indeed, I will do my best to try to wrap this up, but considering that's what I have been doing for the last couple of months I don't think it will help much ... sigh [00:53]
Chaang-Noi ill invest with you again deadt but only after this gets cleared up and that loan to matthew gets taken off the books, i highly doubt he will pay it back [00:53]
* kakobreklaa is now known as kakobrekla [00:53]
assbot [GLBSE] [NYAN.C] 1 @ 1 BTC [+] [00:54]
DeaDTerra Indeed, I already have a similar statment from a 6,000 BTC investor. [00:54]
assbot [GLBSE] [BITNODES] 1 @ 0.24 BTC [-] [00:55]
DeaDTerra I have been working on selling it off for the last couple of weeks but the liquidity has been very low xD I guess that doesn't matter now anyways, I just hope the investors gets some kind of payment back. [00:55]
mircea_popescu actually, is there any evidence of matthew n wright ever paying a loan back ? [00:55]
mircea_popescu not wishy-washy lender says is ok. actually paid. [00:55]
mircea_popescu DeaDTerra did you talk to copumpkin about buying the loan ? i think he was trying to get a refinance business going [00:56]
DeaDTerra No i have not [00:57]
DeaDTerra It's 100% loan for maximum of 9 months [00:57]
DeaDTerra making it 2,7% a week and it was 1500$ [00:57]
assbot [GLBSE] [NYAN.C] 3 @ 1 = 3 BTC [+] [00:58]
assbot [GLBSE] [OBSI.HRPT] 2 @ 0.1047 = 0.2094 BTC [+] [00:59]
mircea_popescu starting when ? [01:00]
DeaDTerra 20 june [01:01]
mircea_popescu so till march ? did you get july coupon ? [01:02]
DeaDTerra it's all paid off in the end [01:04]
assbot [GLBSE] [FOO.PPPPT] 2 @ 1.0251 = 2.0502 BTC [-] [01:06]
assbot [GLBSE] [FOO.PPPPT] 31 @ 1.025 = 31.775 BTC [-] [01:06]
assbot [GLBSE] [NYAN.C] 46 @ 1 = 46 BTC [+] [01:08]
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assbot [GLBSE] [NYAN.C] 1 @ 1 BTC [+] [01:11]
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assbot [GLBSE] [SYNERGY] 1 @ 0.1955 BTC [-] [01:13]
assbot [GLBSE] [MPOE.ETF] 475 @ 1.12 = 532 BTC [+] [01:13]
assbot [GLBSE] [MPOE.ETF] 20 @ 1.12 = 22.4 BTC [+] [01:13]
mircea_popescu what do you mean DeaDTerra ? [01:13]
mircea_popescu whoa nelly. who did that ? [01:14]
DeaDTerra it's all paid at the end of the loan then 3000$ is paid back [01:15]
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mircea_popescu o no coupons. [01:16]
BTC-Mining Well if anyone has bulk volume to sell, I need to purchase more stock [01:18]
assbot [GLBSE] [BITCOINMINV] 11 @ 0.12 = 1.32 BTC [-] [01:18]
DeaDTerra ASICMINER? [01:18]
assbot [MPEX] [S.MPOE] 49088 @ 0.00034886 = 17.1248 BTC [-] [01:18]
assbot [MPEX] [S.MPOE] 14800 @ 0.00034826 = 5.1542 BTC [-] [01:18]
assbot [MPEX] [S.MPOE] 3012 @ 0.0003442 = 1.0367 BTC [-] [01:18]
BTC-Mining eh, no, no guarantees it will work and deferred [01:18]
BTC-Mining I'll skip ASICMINER [01:19]
DeaDTerra oki :) [01:19]
mircea_popescu so what are you trying to buy ? [01:19]
BTC-Mining Already got 30 shares and might only buy a few every now and then [01:19]
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BTC-Mining But won't put a lot in. [01:19]
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BTC-Mining Eh, anything with an history of beeing succesful so far [01:19]
DeaDTerra JLP-BMD? [01:20]
DeaDTerra MergedMining? [01:20]
DeaDTerra Fpga.contract [01:20]
DeaDTerra https://docs.google.com/spreadsheet/ccc?key=0Aq6Ug2ODt-l2dC13WldWaTBWQVNYZWRwVDgtQmhzUkE#gid=0 [01:20]
mircea_popescu haha, mpoe :D [01:20]
DeaDTerra have a look at my portfolio :P [01:20]
BTC-Mining FPGA, meh, no. Because it's fixed to FPGA and with ASICs coming soon... [01:21]
BTC-Mining BMD/MergedMining? I don't know [01:21]
mircea_popescu dude, srsly. there's exactly one business in btc world making k's of btc a month. that's mpoe. [01:22]
mircea_popescu unlike mining, it's not deprecating. [01:22]
assbot [GLBSE] [COGNITIVE] 14 @ 0.6631 = 9.2834 BTC [-] [01:22]
BTC-Mining Where is GBF? On Mpex? [01:22]
mircea_popescu on mpex and on glbse [01:22]
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mircea_popescu [GLBSE] [MPOE.ETF] 475 @ 1.12 = 532 BTC [+] << that. [01:22]
BTC-Mining How much in dividend? [01:23]
mircea_popescu lemme dig them up [01:23]
DeaDTerra GBF is no where, but we plan to register on GLBSE later on possible. [01:23]
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* brendio_ is now known as brendio [01:24]
mircea_popescu https://bitcointalk.org/index.php?topic=64962.60 there, for mpoe results. [01:24]
BTC-Mining Hmm, ideally, create one share per (minimum investment value) and split it to current holders [01:24]
BTC-Mining Then sell extra shares [01:24]
assbot [GLBSE] [GIGAMINING] 2 @ 1.1399 = 2.2798 BTC [+] [01:24]
mircea_popescu the etf reports separately, https://bitcointalk.org/index.php?topic=67535.msg1039612#msg1039612 [01:25]
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assbot [GLBSE] [JAH] 4 @ 0.19 = 0.76 BTC [-] [01:26]
mircea_popescu what's gbf ? [01:26]
BTC-Mining hmm, what are the MPOE? Options? Ah... [01:26]
mircea_popescu yeah it's my old options page turned full exchange. [01:26]
assbot [GLBSE] [RAREEARTH] 7 @ 0.00997999 = 0.0699 BTC [+] [01:26]
DeaDTerra GBF is Gamma Bitcoin Investment Fund :) [01:26]
BTC-Mining Lots of earning on those options it seems [01:27]
mircea_popescu in a good month they beat giga hehe [01:27]
mircea_popescu on a bad month investors are insulated from loss anyway. [01:27]
mircea_popescu http://polimedia.us/trilema/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 read up on how it's set up exactly. [01:27]
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mircea_popescu o wow, there was a first SR arrest ? [01:28]
assbot [GLBSE] [BTC-MINING] 32 @ 1 = 32 BTC [+] [01:29]
assbot [GLBSE] [NYAN.C] 10 @ 1 = 10 BTC [+] [01:29]
assbot [GLBSE] [NYAN.C] 5 @ 1 = 5 BTC [+] [01:30]
assbot [GLBSE] [GOLD] 2 @ 0.00920001 = 0.0184 BTC [+] [01:30]
BTC-Mining link? [01:30]
Ignatius-otc1 yes, please link mircea_popescu [01:30]
mircea_popescu http://betabeat.com/2012/07/australian-law-enforcement-use-silk-road-at-your-peril/ [01:30]
Ignatius-otc1 ty [01:30]
mircea_popescu http://www.afp.gov.au/media-centre/news/afp/2012/july/afp-and-Customs-warn-users-of-silk-road.aspx [01:30]
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assbot [GLBSE] [JTME] 2 @ 1 = 2 BTC [+] [01:32]
assbot [GLBSE] [MPOE.ETF] 3 @ 1.25 = 3.75 BTC [+] [01:32]
assbot [GLBSE] [MPOE.ETF] 15 @ 1.333333 = 20 BTC [+] [01:32]
assbot [GLBSE] [MPOE.ETF] 100 @ 1.5 = 150 BTC [+] [01:32]
mircea_popescu "The requirement for the customer to assemble the weapon also hampers usability" ok this is the stupidest thing i ever hear [01:32]
mircea_popescu hehe BTC-Mining was that you ? [01:32]
BTC-Mining Yes, I just upped my stake [01:33]
mircea_popescu well if it keeps going... [01:33]
mircea_popescu it launched at 0.1 if memory serves. or 0.2 or something [01:34]
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BTC-Mining No, launched at 1? [01:34]
mircea_popescu anyway what the fuck is this, who buys guns that they can't dissasemble/reassemble ?! [01:34]
mircea_popescu BTC-Mining i was pretty sure it was .1 ? back in the old random allocation days ? [01:34]
mircea_popescu smickles you about ? [01:34]
BTC-Mining random allocations? [01:35]
BTC-Mining I think we're not talking about the same things [01:35]
mircea_popescu haha are we ? [01:35]
mircea_popescu [GLBSE] [MPOE.ETF] 100 @ 1.5 = 150 BTC [+] << that's what i was talking about. [01:35]
BTC-Mining I just noticed there was .ETF just before you asked [01:36]
BTC-Mining No, I don't have an account on Mpex [01:36]
mircea_popescu ... [01:36]
BTC-Mining So ETF had 0.15 in revenue but paid 0.005 I see. Most is respent. [01:38]
assbot [GLBSE] [BDT] 1 @ 1.093 BTC [-] [01:38]
assbot [GLBSE] [NYAN.B] 5 @ 1 = 5 BTC [-] [01:39]
BTC-Mining I was referring to the the purchase in my own issue by the way which happened just a bit before [01:39]
mircea_popescu i think the revenue is mostly share appreciation [01:39]
BTC-Mining I suppose [01:39]
mircea_popescu whats that, jtme ? [01:39]
assbot [GLBSE] [GIGAMINING] 1 @ 1.1399 BTC [+] [01:40]
assbot [MPEX] [S.MPOE] 36262 @ 0.00035541 = 12.8879 BTC [+] [01:41]
assbot [MPEX] [S.MPOE] 13738 @ 0.0003579 = 4.9168 BTC [+] [01:41]
assbot [GLBSE] [BTC-MINING] 1 @ 1 BTC [+] [01:42]
assbot [GLBSE] [MOVETO.FUND] 1 @ 1.07 BTC [+] [01:42]
BTC-Mining jtme? [01:42]
Ignatius-otc1 Your asset on the glbse, it's BTC-MINING right? [01:43]
BTC-Mining Yes [01:43]
BTC-Mining I don't know, there's so many tickers I don't follow/watch on GLBSE [01:43]
assbot [MPEX] [S.MPOE] 34456 @ 0.0003579 = 12.3318 BTC [+] [01:43]
BTC-Mining Looking at it right now [01:43]
assbot [MPEX] [S.MPOE] 68746 @ 0.00035873 = 24.6613 BTC [+] [01:43]
assbot [MPEX] [S.MPOE] 16798 @ 0.00036042 = 6.0543 BTC [+] [01:43]
mircea_popescu o i see, btc-mining. what's that, miner ? [01:44]
assbot [GLBSE] [TYGRR.BOND-PI] 40 @ 1.6 = 64 BTC [-] [01:44]
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BTC-Mining Yes, quite simply mining it seems... look at that, JTME takes 25% of shares... + deducts all expenses before giving dividend [01:45]
BTC-Mining or so says the contract [01:45]
assbot [MPEX] [F.GIGA.ETF] 4800 @ 0.00111814 = 5.3671 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 14423 @ 0.00109346 = 15.771 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 8196 @ 0.00109056 = 8.9382 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 9497 @ 0.00108947 = 10.3467 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 8200 @ 0.00108065 = 8.8613 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 2100 @ 0.00108064 = 2.2693 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 3100 @ 0.00107599 = 3.3356 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 3062 @ 0.00106874 = 3.2725 BTC [-] [01:46]
assbot [MPEX] [F.GIGA.ETF] 1622 @ 0.00106793 = 1.7322 BTC [-] [01:46]
mircea_popescu the reason i wouldnt put money in mining atm is that i imagine they will be hit by a double whammy of deprecviation [01:46]
mircea_popescu from halving of block reward and from eventual asics [01:46]
Ignatius-otc1 same, but I do hold small amounts of some. [01:47]
mircea_popescu i hold quite a few gigavps bonds but im hedged entirely, just the depositary. [01:48]
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BTC-Mining We're waiting for the ASICs [01:48]
mircea_popescu i'd be more worried about december halving. i don't think at the curent bumbling pace the various companies will manage to deliver enough asics for diff to double [01:48]
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mircea_popescu but the halving is in writing. [01:49]
Ignatius-otc1 mircea_popescu: is there still a 20BTC fee to open an account with MPEX? I found someone with an account who would place orders there for me, but he wnated 10% roundtrip. [01:49]
mircea_popescu there is, it's not going away Ignatius-otc1 [01:49]
mircea_popescu if anything it will increase in time. i haven't yet because the btc doubled. [01:49]
Ignatius-otc1 Can you explain that or link me to the explanation for such a large fee? [01:50]
assbot [MPEX] [S.BVPS] 371 @ 0.0034264 = 1.2712 BTC [-] [01:50]
assbot [MPEX] [S.BVPS] 283 @ 0.00351528 = 0.9948 BTC [+] [01:50]
assbot [MPEX] [S.BVPS] 1000 @ 0.0035919 = 3.5919 BTC [+] [01:50]
assbot [MPEX] [S.BVPS] 72 @ 0.00359263 = 0.2587 BTC [+] [01:50]
assbot [MPEX] [S.BVPS] 274 @ 0.003849 = 1.0546 BTC [+] [01:50]
mircea_popescu what do you mean the explanation ? [01:50]
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Ignatius-otc1 Sorry for my ignorance, but I currently trade on the GLBSE and there are no fees to have an account there. What is the purpose of the 20BTC fee for an account? [01:51]
mircea_popescu i think it's pretty simple, on glbse you get free account and 1% fees round trip. on mpex you have to ante 20 btc and fee is .2% round trip. [01:51]
mircea_popescu if you will trade less than about 2k btc you're better off on glbse [01:51]
Ignatius-otc1 ahh far lower fees, ok thanks [01:51]
mircea_popescu if you'll trade more than 2,5k or so you're better off on mpex [01:51]
mircea_popescu it's also the only place where you can trade options, the only place where you have margins, and i don't recall if transfers are still free or not on glbse, but anyway. [01:52]
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Ignatius-otc1 0.2% xfer fee at glbse I think [01:53]
BTC-Mining For assets only [01:53]
mircea_popescu well on mpex it's free. [01:53]
mircea_popescu o, yea, and you can also get margin (provided you're an established trader). [01:53]
Ignatius-otc1 what level of leverage? 4:1? [01:54]
mircea_popescu it's not by rate, you get a fixed ammount. [01:54]
Ignatius-otc1 I would like options access but currently mpex is out of my budget. Hopefully in the future... [01:55]
mircea_popescu im pretty certain it's not going anywhere. [01:55]
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BTC-Mining Bye the way, no one interested in giving perpetual loan to me for 0.5% weekly? I have very good backings eh [01:56]
Ignatius-otc1 size of loan? [01:56]
BTC-Mining Eh, anywhere under 250 BTC [01:57]
Ignatius-otc1 Buying more asics or? [01:57]
mircea_popescu mail order gf from the ukraine [01:57]
BTC-Mining No, stricly for trading with the funds. [01:57]
Ignatius-otc1 in that case get a bulk discount and im in [01:57]
mircea_popescu you know, MPBOR is like 4.9% atm [01:58]
BTC-Mining Backed by my personal income and a larger amount of GLBSE assets [01:58]
mircea_popescu you're better off putting your money there than hussling for .5 a week [01:58]
assbot [GLBSE] [GIGAMINING] 1 @ 1.14 BTC [+] [01:58]
BTC-Mining What is MPBOR? [01:58]
DeaDTerra I got a 100 BTC loan for 0.1% a week ;) [01:58]
mircea_popescu MPbond offered rate. [01:58]
Ignatius-otc1 Is that a pirate related bond mircea_popescu? [01:59]
mircea_popescu srsly, read the explanation in that last link i put up [01:59]
assbot [GLBSE] [OBSI.HRPT] 6 @ 0.1047 = 0.6282 BTC [+] [01:59]
mircea_popescu in no way, Ignatius-otc1. it finances the options sold. [01:59]
Ignatius-otc1 ahh, ty [01:59]
assbot [GLBSE] [RAREEARTH] 6 @ 0.00925001 = 0.0555 BTC [-] [02:00]
assbot [GLBSE] [RAREEARTH] 1 @ 0.00925 BTC [-] [02:00]
mircea_popescu http://polimedia.us/trilema/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 go there look for where it says "bonds" [02:00]
mircea_popescu it's all explained. [02:00]
assbot [GLBSE] [SILVER] 3 @ 0.00900001 = 0.027 BTC [-] [02:01]
assbot [MPEX] [S.MPOE] 26395 @ 0.00036042 = 9.5133 BTC [+] [02:02]
assbot [MPEX] [S.MPOE] 29300 @ 0.00036267 = 10.6262 BTC [+] [02:02]
BTC-Mining You lend capital at a 2% premium? [02:02]
mircea_popescu hm? [02:04]
BTC-Mining Says there you're lending funds to MPOE for a 2% premium for the purpose of having the funds need for all ongoing open calls [02:05]
mircea_popescu a a. normaly the options are financed by a sort of bond auction [02:05]
mircea_popescu if there's not enough to fill in i step in and supply the capital. [02:05]
mircea_popescu the limit was 2% but it was moved in may to 5% [02:05]
mircea_popescu and i contemplate leaving it to freefloat. [02:06]
Ignatius-otc1 that would be interesting [02:06]
mircea_popescu let the market price the bonds. [02:06]
mircea_popescu i just want to do things smoothly so as not to shock the market. [02:06]
BTC-Mining I'm just unfamilar with options to start with eh [02:06]
assbot [GLBSE] [FOO.PPPPT] 2 @ 1.0402 = 2.0804 BTC [+] [02:07]
mircea_popescu welllll... familiarize! :D [02:07]
assbot [GLBSE] [NYAN.C] 1 @ 1 BTC [+] [02:07]
mircea_popescu actually the girl did some nice write-ups back in the day, lemme find. [02:07]
BTC-Mining Would help, will bookmark it for late perusal. [02:08]
assbot [MPEX] [F.GIGA.ETF] 10200 @ 0.00106814 = 10.895 BTC [+] [02:08]
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BTC-Mining I'm a bit too sleepy on this Sunday evening to read about anything. [02:09]
assbot [GLBSE] [NYAN.C] 3 @ 1 = 3 BTC [+] [02:09]
BTC-Mining later* [02:09]
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assbot [GLBSE] [OBSI.HRPT] 7 @ 0.1047 = 0.7329 BTC [+] [02:11]
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mircea_popescu ;;later tell BTC-Mining https://bitcointalk.org/index.php?topic=67302.0 muahaha [02:11]
gribble The operation succeeded. [02:11]
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assbot [GLBSE] [FOO.PPPPT] 4 @ 1.0403 = 4.1612 BTC [+] [02:14]
assbot [MPEX] [O.HASH.P10TH] 114000 @ 0.02545034 = 2901.3388 BTC [+] [02:15]
BTC-Mining Because I was already there [02:16]
mircea_popescu Customer satisfaction on Silk Road is mostly positive, with a 97.8% positive feedback rate, although less than that on white market sites like Ebay, which boasts a positive feedback rate of 99%. [02:17]
mircea_popescu very comparable items. [02:17]
assbot [GLBSE] [GIGAMINING] 3 @ 1.14 = 3.42 BTC [+] [02:18]
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Ignatius-otc Many ebay sellers manipulate their fb as if they drop below a certain % they could have their accounts temporarily denied selling rights. By having multiple accounts sellers can control their fb %. [02:18]
mircea_popescu obviously. [02:19]
mircea_popescu the metric is entirely fake. [02:19]
assbot [GLBSE] [NYAN.C] 3 @ 1 = 3 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 594 @ 0.00106814 = 0.6345 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 700 @ 0.00108113 = 0.7568 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 6464 @ 0.00114078 = 7.374 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 15400 @ 0.0011431 = 17.6037 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 13500 @ 0.00114584 = 15.4688 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 6300 @ 0.0011497 = 7.2431 BTC [+] [02:20]
assbot [MPEX] [F.GIGA.ETF] 7042 @ 0.00115139 = 8.1081 BTC [+] [02:20]
mircea_popescu https://bitcointalk.org/index.php?topic=99222.0 o wow somebody actually sued bitcoinica. [02:21]
mircea_popescu AS TO DEFENDANT BITCOINICA LP, ALSO KNOWN AS BITCOINICA BITCOINICA CONSULTANCY LTD INTERSANGO LTD. NORMAN, DONALD STRATEMAN, PATRICK TAAKI, AMIR DOES 1 THRU 100, INCL. SUMMONS ISSUED [02:21]
BTC-Mining yes, old news [02:22]
assbot [GLBSE] [OBSI.HRPT] 80 @ 0.1047 = 8.376 BTC [+] [02:22]
mircea_popescu news to me i just heard about it [02:22]
assbot [GLBSE] [OBSI.HRPT] 4 @ 0.1047 = 0.4188 BTC [+] [02:22]
assbot [GLBSE] [GOLD] 15 @ 0.00920001 = 0.138 BTC [+] [02:27]
assbot [GLBSE] [FPGAMINING] 2 @ 0.86 = 1.72 BTC [+] [02:28]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 1.0398 = 4.1592 BTC [+] [02:28]
assbot [GLBSE] [TYGRR.BOND-P] 6 @ 1.0399 = 6.2394 BTC [+] [02:28]
assbot [GLBSE] [JTME] 3 @ 1 = 3 BTC [+] [02:29]
assbot [GLBSE] [RAREEARTH] 6 @ 0.00924999 = 0.0555 BTC [-] [02:30]
assbot [GLBSE] [NYAN.C] 70 @ 1 = 70 BTC [+] [02:30]
assbot [GLBSE] [RAREEARTH] 6 @ 0.00925 = 0.0555 BTC [+] [02:32]
assbot [GLBSE] [RAREEARTH] 1 @ 0.00925 BTC [+] [02:33]
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mircea_popescu cited for conversion, this is the real article. [02:36]
assbot [MPEX] [S.MPOE] 3905 @ 0.00036353 = 1.4196 BTC [+] [02:36]
assbot [MPEX] [S.MPOE] 22520 @ 0.0003442 = 7.7514 BTC [-] [02:36]
* mircea_popescu holds breath for the court declaring the bitcoinica operation a bucket shop as defined by sec regulations, its opperation illegal and the individuals involved end up on federal charges. [02:40]
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Ignatius-otc I didn't think bitcoinica was based udner sec regs? If so, huge derp on their part. [02:41]
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mircea_popescu well bitcoinica was something that's illegal since the 1930s [02:42]
mircea_popescu back when it was owned by some chinese kid somewhere in taiwan or somesuch it was somewhat safe [02:42]
mircea_popescu i don't understand what someone based in the us must have been thinking to get involved however. [02:43]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 1.0389 = 2.0778 BTC [-] [02:43]
assbot [GLBSE] [BITCOINMINV] 15 @ 0.125 = 1.875 BTC [+] [02:43]
assbot [MPEX] [S.MPOE] 19038 @ 0.00036473 = 6.9437 BTC [+] [02:43]
Ignatius-otc mircea_popescu: the illegal aprt applies to regulated markets. For example, there is the retail foreign exchange amrket, unregulated, and bukcet shops are all voer the place. [02:44]
mircea_popescu how many of these survived a day in court ? [02:44]
Ignatius-otc btc is also an unregulated market, afaik...but I personally wouldnt take on the risk of being a bitcoinica,unelss I based in tor maybe:P [02:44]
mircea_popescu myea. kind of my point. [02:45]
assbot [MPEX] [S.MPOE] 11408 @ 0.0003442 = 3.9266 BTC [-] [02:46]
assbot [MPEX] [S.MPOE] 892 @ 0.00034116 = 0.3043 BTC [-] [02:47]
Ignatius-otc Has managing btc assets become a full time job for your mircea_popescu? [02:47]
Ignatius-otc for you* [02:48]
mircea_popescu o, no. [02:48]
mircea_popescu you know, it's funny... bitcoinica and mpoe were born like 2 weeks apart [02:48]
mircea_popescu it'd have been their 1year bday this month. [02:49]
Ignatius-otc I made an account at bitcoinica but read of others experiencing faked market moves. I am familiar with them from chinese based forex bucket shops like cmsfx. I didn't get a coin deposited before they shut down. [02:49]
Ignatius-otc Do you have a normal day job? If so, what is it? If you don't mind me asking... [02:50]
mircea_popescu Ignatius-otc i run my own company (polimedia srl), i am a business consultant. [02:50]
mircea_popescu i also run romania's most widely read blog, an aggregator service that dominates that market [02:50]
mircea_popescu and other things. [02:50]
assbot [GLBSE] [MERGEDMINING] 5 @ 0.091 = 0.455 BTC [+] [02:51]
Azelphur I have a microwave [02:55]
mircea_popescu but that aside, i probably do manage more btc assets than most anyone. [02:55]
Azelphur http://media.tumblr.com/tumblr_lsyez9IMC51qhoydp.gif o/ [02:55]
Ignatius-otc I was productive yesterday...not yet today! [02:56]
Azelphur hehe [02:56]
Azelphur I'm lies really, working on supybot stuff o/ [02:56]
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assbot [GLBSE] [NYAN.C] 8 @ 1 = 8 BTC [+] [03:02]
BTC-Mining How much do you manage currently, mircea? [03:03]
assbot [GLBSE] [FUTUREFUND] 60 @ 0.00011485 = 0.0069 BTC [+] [03:04]
assbot [MPEX] [F.GIGA.ETF] 1800 @ 0.00113771 = 2.0479 BTC [-] [03:05]
mircea_popescu mm, well the bonds report lists something like 6k or so ? [03:06]
assbot [GLBSE] [FUTUREFUND] 7 @ 0.00011485 = 0.0008 BTC [+] [03:06]
mircea_popescu if you look at the exhange address there's anything from 20 to 50k in there. [03:06]
mircea_popescu then there's all the btc people on mpex put in, and all the respective shares [03:06]
mircea_popescu and there's my own money... it comes to a decent chunk. [03:07]
BTC-Mining eh, indeed [03:07]
mircea_popescu if it's true what they say of pirate being over 1mn by now then that guy prolly beats me [03:07]
mircea_popescu but i don't think that many more out there. maybe, who knows [03:07]
mircea_popescu anon currency after all. [03:07]
mircea_popescu zhou was prolly one at his zenith, unfortunately that didn't go over so well for him. [03:08]
mircea_popescu mtgox from what i understand is losing money, but even so they prolly have more in cash. [03:08]
mircea_popescu the sr guy supposedly clears 10-20 k a month, so that could be another. [03:08]
BTC-Mining MtGox losing money? [03:09]
BTC-Mining hmm [03:09]
mircea_popescu that's what they say. [03:09]
mircea_popescu and it kinda figures, tbh. the entire filing of paperwork thing is expensive. [03:09]
mircea_popescu but iirc their last statement put them at -100k usd for the year. [03:09]
BTC-Mining But they weren't around for long and bitcoin prices went up just last year [03:10]
BTC-Mining The cost to get a secured platform developed and improved upon are high. [03:10]
mircea_popescu mtgox !? they were around since day one lol, remember the first hack in btcworld ? [03:10]
BTC-Mining Arf, that's misconstructed sentence [03:11]
BTC-Mining They haven't been around with high bitcoins price for a long time [03:12]
mircea_popescu well there was that time when it was 30+ [03:12]
mircea_popescu but they didn't really have the volume back then [03:12]
BTC-Mining since in the beggining the USD price of bitcoins were peanuts and volume was lower [03:13]
mircea_popescu so ya maybe it looks better for them [03:13]
BTC-Mining and they had to deal with security issue, remade the whole website to look and feel much better, etc. [03:13]
mircea_popescu course i think trade volume is sticky in usd more than in btc. [03:13]
BTC-Mining Lots of cost, they might have less costs from now on on that part and more profit from the higher volume at high prices [03:13]
mircea_popescu let's do some math tho, at 2mn a month with a .5% fee they clear 10k btc which is 120k usd a month [03:14]
mircea_popescu that's payroll for 2 people but not 20 [03:14]
mircea_popescu and i tihnk they're closer to 20 and also, have investment. [03:14]
BTC-Mining 2 million a month with thoses fees x 2 [03:14]
mircea_popescu that's the main difference, i fully financed both mpoe and its morphing into mpex, not having investors aboard helps tons your position later [03:14]
BTC-Mining for buyer + for seller [03:14]
mircea_popescu if you know about start-ups you know what i mean. [03:14]
assbot [GLBSE] [PUREMINING] 1 @ 0.15439999 BTC [+] [03:15]
mircea_popescu well ya 2x, but they also have to pay servers and whatnot. im just saying a coupla mn usd yearly revenue isn't HUGE. it's a small business. [03:15]
BTC-Mining Indeed [03:16]
mircea_popescu posh corner coffeeshop in busy metropolitan area style small busines.s [03:16]
BTC-Mining But all bitcoins businesses are small, just like bitcoin economy [03:16]
mircea_popescu yet, yeah. [03:16]
BTC-Mining MtGox is huge on that scale [03:16]
mircea_popescu then again, if i manage to get deliverable options already on something that will change. [03:16]
mircea_popescu course... it doesn't looks like it wants to happen ;/ [03:17]
assbot [MPEX] [S.MPOE] 17799 @ 0.00034116 = 6.0723 BTC [-] [03:18]
assbot [MPEX] [S.MPOE] 33201 @ 0.00033748 = 11.2047 BTC [-] [03:18]
assbot [GLBSE] [NYAN.C] 9 @ 1 = 9 BTC [+] [03:19]
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assbot [GLBSE] [BITCOINMINV] 50 @ 0.125 = 6.25 BTC [+] [03:24]
mircea_popescu Cartmell was invited to testify before the United States senate in regards to Internet Governance by ICANN, is the inventor of five issued U.S. patents, led the successful battle against Hormel for the right to include the word "Spam" in trademarks that relate to email services, and is a major shareholder and board member of companies ranging from digital payment services to all-natural zero calorie sodas. [03:30]
mircea_popescu THAT Cartmell is sueing intersango ? [03:30]
mircea_popescu o boy. [03:30]
assbot [GLBSE] [OBSI.HRPT] 90 @ 0.1047 = 9.423 BTC [+] [03:32]
assbot [GLBSE] [NASTY] 3 @ 0.57 = 1.71 BTC [+] [03:33]
assbot [GLBSE] [NASTY] 1 @ 0.58 BTC [+] [03:33]
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assbot [GLBSE] [NASTY] 6 @ 0.59 = 3.54 BTC [+] [03:34]
BTC-Mining ... link? [03:35]
mircea_popescu http://www.cartmell.co.nz/ [03:35]
mircea_popescu something tells me this is the end of intersango and the named individuals. [03:36]
BTC-Mining Can I get any reputable sources telling me that story again or should I just trust his own personal websites... [03:39]
mircea_popescu which story ? [03:39]
BTC-Mining Well all the story about him [03:39]
mircea_popescu i don't know the guy personally but i know of him [03:40]
mircea_popescu specifically the hormel spam case. [03:40]
mircea_popescu now if its the same cartmell im not so sure, but if it is guy's a pitbulldogorca. [03:40]
mircea_popescu Yea i suppose so, but since there seem to be a lot of people complaining about funds being stuck in intersango i have the feeling they will never get it back now that this is going on. [03:42]
mircea_popescu Just hoping it won't cause many more people losses. [03:42]
mircea_popescu wait, WHAT ? were there many complaints of stuck funds ?! [03:42]
assbot [MPEX] [S.MPOE] 13576 @ 0.00036473 = 4.9516 BTC [+] [03:42]
assbot [MPEX] [S.MPOE] 29573 @ 0.000365 = 10.7941 BTC [+] [03:42]
assbot [MPEX] [S.MPOE] 24599 @ 0.00033748 = 8.3017 BTC [-] [03:43]
assbot [MPEX] [S.MPOE] 37893 @ 0.00033502 = 12.6949 BTC [-] [03:43]
assbot [MPEX] [S.MPOE] 37508 @ 0.000335 = 12.5652 BTC [-] [03:43]
assbot [GLBSE] [OBSI.HRPT] 20 @ 0.102 = 2.04 BTC [-] [03:44]
assbot [GLBSE] [OBSI.HRPT] 20 @ 0.1011 = 2.022 BTC [-] [03:44]
assbot [GLBSE] [OBSI.HRPT] 40 @ 0.10100001 = 4.04 BTC [-] [03:44]
mircea_popescu We'd hoped that our offer would both push Bitcoinica to resolve the claims faster, and give them more room for error. If they resolved all the claims within 6 months and paid us an equal pro rata share, they'd have immunity from us. Coincidentally, the amount of funds stolen only 2 days after this offer was made was nearly 100% of what we were owed at the time. [03:48]
mircea_popescu ok, this is seriously conspiracy to defraud, this may yet result in jail time. [03:49]
assbot [GLBSE] [BITCOINMINV] 1 @ 0.125 BTC [+] [03:50]
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assbot [GLBSE] [FUTUREFUND] 100 @ 0.00011485 = 0.0115 BTC [+] [04:01]
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assbot [GLBSE] [NYAN.C] 6 @ 1 = 6 BTC [+] [04:01]
assbot [GLBSE] [FUTUREFUND] 65 @ 0.00011485 = 0.0075 BTC [+] [04:04]
assbot [MPEX] [S.BVPS] 700 @ 0.00341166 = 2.3882 BTC [-] [04:05]
* da2ce751 (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets [04:05]
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smickles mircea_popescu: ? [04:07]
assbot [MPEX] [S.MPOE] 47133 @ 0.000365 = 17.2035 BTC [+] [04:07]
mircea_popescu was earlier a discussion about mpoe.etf [04:08]
smickles ah, too bad i missed it, but my logs are iffy about that time... i've had diablo on ignore [04:08]
mircea_popescu was just discussing with BTC-Mining the original etf value, it went out at .1 didnt it ? [04:09]
smickles yup [04:09]
assbot [GLBSE] [BIB.PIRATE] 1 @ 1.03999972 BTC [+] [04:11]
assbot [GLBSE] [ASICMINER] 8 @ 0.1 = 0.8 BTC [04:12]
assbot [GLBSE] [BIB.PIRATE] 1 @ 1.045 BTC [+] [04:13]
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BTC-Mining How long ago was that? [04:13]
* Sysrq3 (~sysrq@modemcable244.164-179-173.mc.videotron.ca) has joined #bitcoin-assets [04:14]
smickles BTC-Mining: march, iirc, let me verify [04:14]
smickles BTC-Mining: https://bitcointalk.org/index.php?topic=67535.0 first post march 6 [04:14]
mircea_popescu to be perfectly fair tho, that was capital raised to participate in the risky stock allocation at the time [04:19]
mircea_popescu (wherein a specified block was put up and anyone could deposit btc for a set time, after which shares were distributed proportionally) [04:19]
mircea_popescu that ran for march and april iirc. [04:19]
smickles yeah, i think the etf got in on only one round [04:20]
mircea_popescu o, was it february and march ? [04:20]
BTC-Mining at .1? It's gone up by 1000% in 5 months? [04:21]
smickles mircea_popescu: http://blockchain.info/tx-index/3622733/8d6c3595f76d101003b1c09810d2b0f5108ea2952cdf873e460fe94049143c2c [04:21]
smickles mpoe.etf's 'subscription' [04:21]
mircea_popescu yup 1mn offered in feb and 4mn offered in march you're right. [04:22]
mircea_popescu wasn't it trading at 1.5 earlier ? [04:22]
smickles i think it did trade at 1.5 [04:23]
smickles best ask is 1.9 right now [04:23]
mircea_popescu 1500% beotch :D [04:23]
mircea_popescu ohoho wtf. [04:23]
mircea_popescu what's going on over there [04:23]
smickles best bid is 1.5 [04:23]
mircea_popescu no wait. wait wait. how many shares it holds again ? [04:24]
mircea_popescu 4mn what exactly ? [04:24]
smickles probably just too few people selling [04:24]
* da2ce751 has quit (Ping timeout: 276 seconds) [04:24]
smickles mircea_popescu: sec, i'll get the exact # [04:24]
mircea_popescu there was a wall up [04:24]
smickles 4`073`981, I unfortunately missed that excellent buy opportunity earlier [04:25]
mircea_popescu .py 0.00036500 * 4073981 / 1000 [04:26]
markac 1.487003065 [04:26]
mircea_popescu a, so it's about right then huh [04:26]
smickles mircea_popescu: we have about 21 in btc too [04:27]
smickles iirc [04:28]
mircea_popescu o, you retain cash ? [04:28]
smickles some, to have buy orders placed to catch dips [04:28]
mircea_popescu apparently no dips. you plan FAILS [04:29]
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smickles mircea_popescu: didn't it drop to 0.00010000 before this recent spurt? [04:29]
mircea_popescu for like a minute yeh [04:30]
mircea_popescu theres a long tail on the chart for sure. [04:30]
smickles mircea_popescu: yeah, i meant to have a buy in there to catch those sort of things :/ [04:32]
mircea_popescu lol woulda been crazy for nav if you managed to pick up some 1/3 price s.mpoe [04:32]
assbot [GLBSE] [BMMO] 1 @ 0.10899699 BTC [+] [04:32]
smickles mircea_popescu: i would've looked like a bonafide geenass [04:33]
mircea_popescu lol [04:33]
assbot [MPEX] [S.MPOE] 25429 @ 0.00036527 = 9.2885 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 61100 @ 0.00036597 = 22.3608 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 25700 @ 0.00036856 = 9.472 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 32892 @ 0.00037361 = 12.2888 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 11800 @ 0.00037375 = 4.4103 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 33400 @ 0.00037489 = 12.5213 BTC [+] [04:33]
smickles ciuciu: didn't he go bankrupt a few times too? [04:33]
assbot [MPEX] [S.MPOE] 52933 @ 0.00037491 = 19.8451 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 14500 @ 0.0003752 = 5.4404 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 19600 @ 0.00037584 = 7.3665 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 43111 @ 0.00037767 = 16.2817 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 5000 @ 0.00037812 = 1.8906 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 34500 @ 0.000379 = 13.0755 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 46800 @ 0.00038002 = 17.7849 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 13600 @ 0.00038122 = 5.1846 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 64400 @ 0.00038154 = 24.5712 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 900 @ 0.00038241 = 0.3442 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 10500 @ 0.00038312 = 4.0228 BTC [+] [04:33]
assbot [MPEX] [S.MPOE] 3835 @ 0.00038561 = 1.4788 BTC [+] [04:33]
mircea_popescu who went bankrupt ? [04:33]
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smickles mircea_popescu: i heard some biz you ran went bankrupt [04:34]
mircea_popescu ahaha ? no ? [04:34]
smickles coulda just been fud tho [04:34]
mircea_popescu it never happened, no. [04:34]
mircea_popescu is that little shit ciuciu spreading crap ? [04:34]
mircea_popescu dumbass wannabe romanian scammers, he's on my ignore. [04:34]
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mircea_popescu every day some nut coming up with brilliant ideeas. [04:35]
dub I though romania existed to scam the internet? [04:35]
mircea_popescu * lonely_ (59cca34d@gateway/web/freenode/ip.89.204.163.77) has joined #bitcoin-otc-eu [04:35]
mircea_popescu can i get some btc with my mastercard? i can provide documents that im the cardholder, but i need btc very quick [04:35]
mircea_popescu nope. [04:35]
mircea_popescu mircea trimite un msg pe privat [04:35]
mircea_popescu * SaLoMoN has quit (Ping timeout: 246 seconds) [04:35]
mircea_popescu O_o [04:35]
mircea_popescu * kakobreklaa is now known as kakobrekla [04:35]
mircea_popescu * lonely_ has quit (Quit: Page closed) [04:35]
mircea_popescu you can prolly safely ban that entire C class for carding. [04:35]
assbot [GLBSE] [OBSI.HRPT] 100 @ 0.1047 = 10.47 BTC [+] [04:35]
mircea_popescu that from -otc-eu like a coupla hours ago. [04:35]
assbot [GLBSE] [OBSI.HRPT] 30 @ 0.1047 = 3.141 BTC [+] [04:36]
mircea_popescu dub i know ukraine exists for spamming, but romania is supposedly cleanning up. [04:36]
dub it was certainly a big player when I cared about network abuse [04:36]
BTC-Mining Assuming someone is registering for him so he has private whois... that would be quite acceptable... [04:38]
BTC-Mining whois doesn't always display the actual owner of the domain. [04:38]
Luceo Anonymous whois is good [04:38]
Luceo Fuck public whois [04:38]
mircea_popescu what happened with namecoin btw ? dead ? [04:38]
smickles ciuciu: have you seen my identification? [04:39]
assbot [GLBSE] [NYAN.C] 56 @ 1 = 56 BTC [+] [04:39]
BTC-Mining My whois is always public [04:39]
smickles heh mine too [04:39]
Luceo Mine too, my real name is Sonic TheHedgehog and I live in Pyongyang KP [04:39]
Luceo fuh reelz [04:39]
mircea_popescu are the korean hos as hot as vragnaroda says ? [04:39]
Luceo Yes [04:40]
Luceo Having said that, the Romanian ones aren't bad either :D [04:40]
tsukino Hahahahahaha cartmell is on the case theyre fucked [04:40]
smickles ciuciu: well, if you read about mircea, i should be a small footnote somewhere [04:40]
mircea_popescu aha! is it THE cartmell tsukino ? i was saying earlier... [04:40]
tsukino They would have faired better to hire me as an arbitrator [04:40]
Luceo imo identity is overrated [04:40]
mircea_popescu Luceo what if you find your gf banging two big niggers [04:41]
smickles Luceo: out of curiosity, what are your thoughts on property? [04:41]
mircea_popescu and when you show up she looks all confused and says wel... she thought it was you ? [04:41]
Luceo Even if I know someone's real name, I'm not going to travel half the world to sue someone for $1k or something [04:41]
assbot [MPEX] [S.MPOE] 8800 @ 0.00038561 = 3.3934 BTC [+] [04:41]
Luceo smickles: Property is essential to a free society :P [04:41]
mircea_popescu there's either anon or property. pick one. [04:42]
smickles ciuciu: not really [04:42]
smickles nope [04:42]
Luceo I don't care about anonymity, I don't think anyone is more trustworthy because I know their name or what they look like [04:42]
mircea_popescu that's valid [04:42]
mircea_popescu tho i tend to trust otc ratings [04:42]
Luceo People are trustworthy based on joint connections, history etc [04:43]
Luceo Whether anonymous or validated [04:43]
mircea_popescu eexactly. [04:43]
tsukino By the way romanian people are very cool. A romanian physicist worked with my father to develop the world's first nuclear battery [04:43]
mircea_popescu course wot for instance is pseudonymous not anon. big difference. [04:43]
tsukino he was a kind and gentle man, very smart hehe [04:43]
Luceo Maybe there's more potential recompense for validated people, nbut with the volume of most BTC transactions you're not going to go and sue anyone if they go shits up [04:43]
mircea_popescu tsukino yes they are! in general they're clever and daring sorts, except the kids are insufficiently trained [04:43]
Luceo s/nbut/but [04:43]
tsukino I dont think its fair that you insinuated that romanians were scammers esp. since you are romanian [04:43]
mircea_popescu so they end up making fools of themselves on teh interwebz. [04:43]
Luceo mircea_popescu: Pseudonymous is good [04:43]
* tsukino is now known as usagi [04:43]
mircea_popescu i insinuated that ?! [04:44]
Luceo I know, I'm agreeing [04:44]
usagi You said something about romanian scammers and said ban the whole c-class lol [04:44]
mircea_popescu well romania has more than one c class lol [04:44]
Luceo I just get annoyed at people Q_Qing about 'omg hidden whois' like it means anything [04:44]
dub >c class [04:44]
usagi Wow since when [04:44]
dub >class [04:44]
mircea_popescu ahahah [04:44]
usagi Lol [04:44]
smickles ciuciu: what precautions do you suggest? [04:45]
dub >/facepalm [04:45]
mircea_popescu but srsly! the reason i publish mpoe/mpex monthly in romanian is exactly that, get people to see that yes, romania is like the 3rd economy of the eu [04:45]
mircea_popescu now that franceitalyspainportugalirelandetc went bust. [04:45]
Luceo Romania is great [04:46]
Luceo Cheap alcohol [04:46]
BTC-Mining Luceo, most scammers don't want to be known, even if they steal only small amounts [04:46]
* Doffx (~doff@c-76-28-215-172.hsd1.wa.comcast.net) has joined #bitcoin-assets [04:46]
smickles ciuciu: you really think an id would help anything? [04:46]
Luceo BTC-Mining: Sure, but a lot of non-scammers don't want to be known either [04:46]
mircea_popescu what id dood ? [04:46]
Luceo BTC-Mining: Take SR traders for example, they may not wish to be known :P [04:46]
Luceo But many are not scammers [04:47]
mircea_popescu imo selling pot for like, > 10 bux an ounce is [04:47]
BTC-Mining I suppose then not knowing who you're dealing with can be acceptable, and knowing is a small bonus [04:47]
smickles mircea_popescu: this ciuciu person want's your id [04:47]
mircea_popescu costs what to grow, bout the same as hay ? [04:47]
mircea_popescu smickles is it so hard to google my name ?! [04:47]
Luceo mircea_popescu: Blame the government :( [04:47]
mircea_popescu Luceo just saying, on the face of things prolly cheaper to feed horses pot than hay. [04:48]
mircea_popescu certainly a lot more fun riding them afterwards lol [04:48]
Luceo Quite probably, but a lot worse to get caught with pot than hay :P [04:48]
smickles mircea_popescu: i would assume he means a form of id which is made of plastic and 'issued to you' [04:49]
mircea_popescu right. anonymous dude with scammy glbsse assets (pardon the pleonasm) is asking for my id. [04:50]
mircea_popescu what's this, paraipan reloaded ? [04:50]
smickles ciuciu: why would he run with the money, rather than continue operating a successful operation? [04:50]
smickles ciuciu issues assets on glbse? [04:50]
mircea_popescu his entire issue is that the girl pointed out that his bond's name, aka ciuciu [04:51]
mircea_popescu means "jack shit" in romanian. which it does. [04:51]
smickles mircea_popescu: wasn't paraipan the guy who filed a police report on sombody? [04:51]
mircea_popescu it was zhou, for not giving him id or somesuch. [04:51]
mircea_popescu how dares zhou operate a business and not give paraipan his id!!11 [04:52]
smickles ciuciu: glbse verification means jack shit [04:52]
Ignatius-otc What is your glbse asset ciuciu? [04:52]
smickles it could be so easily faked [04:52]
mircea_popescu did you even verify in the end smickles ? [04:52]
smickles ciuciu: i post my own garbage on glbse, thank you [04:53]
mircea_popescu i remember at some point a riot in -otc [04:53]
smickles mircea_popescu ya [04:53]
BTC-Mining Seems it would be hard to fake GLBSE verification if extra steps were taken [04:53]
smickles mircea_popescu: yeah, the 'riot' was just because of the way nefario presented things [04:53]
mircea_popescu the entire notion of allowing anyone to selfserve ipo is sordid. [04:53]
BTC-Mining Like actually mailing the claimed address [04:53]
BTC-Mining with a code [04:53]
smickles it seems to have 'all worked out in the end' [04:53]
mircea_popescu there's no fixing that. so you verify a name and an address. so ? [04:54]
assbot [GLBSE] [FPGAMINING] 1 @ 0.869 BTC [+] [04:54]
assbot [GLBSE] [FPGAMINING] 1 @ 0.879 BTC [+] [04:54]
assbot [GLBSE] [FPGAMINING] 4 @ 0.929 = 3.716 BTC [+] [04:54]
assbot [GLBSE] [FPGAMINING] 14 @ 0.95 = 13.3 BTC [+] [04:54]
mircea_popescu irl banking & finance has > 500 years of history, to this day it's not reached this pinnacle of grandeur where you self-ipo. [04:54]
mircea_popescu there;'s a frigging reason. it's called vetting. [04:54]
smickles mircea_popescu: yeah, plenty of details [04:54]
BTC-Mining You never know how close some investors are, especially in an open market for issuing... [04:55]
mircea_popescu dude srsly. you do what ? [04:55]
mircea_popescu you drive to the guy's door and ? beat him up ? [04:55]
BTC-Mining That's the "so" [04:55]
mircea_popescu get sued for it, sell your house ? [04:55]
Luceo Why does that mean anything? o.O [04:55]
Luceo ciuciu: Why does it matter where he lives? idgi [04:56]
BTC-Mining People tend to be fond of their reputation [04:56]
mircea_popescu so what, you sit on his porch and scream ? [04:56]
mircea_popescu these aren't, if maturely considered, solutions. [04:56]
Luceo I can drive to Romania, Canada is ~$1400 flights [04:56]
Luceo Who am I more likely to be able to sue? :P [04:56]
Luceo Neither, probably. [04:56]
Luceo Suing over Bitcoins is totally untested in courts [04:57]
smickles geez, i'm in NC and had to sue someone in MO [04:57]
mircea_popescu i can sue anyone and everyone. in general once you reach this point you realise how darn few people / corps its worth your time to sue. [04:57]
mircea_popescu srsly. [04:57]
smickles even that blew ass [04:57]
dub GLBSE auth issues? [04:57]
Luceo mircea_popescu: That. [04:57]
BTC-Mining You could just go beat him up out of nowhere and leave, although it carries risk... [04:57]
mircea_popescu BTC-Mining who pays for your labour as a thug ? [04:57]
Luceo I don't think validating who anyone is means anything, yeah I can sue him but likely my volume isn't going to be enough to justify it [04:57]
mircea_popescu if you manage to get away that's like 1k an hour sort of rates. [04:57]
Luceo mircea_popescu: Speaking from experience? :P [04:58]
mircea_popescu no, from knowledge. [04:58]
smickles Luceo: and, you could sue and win, and still get no money [04:58]
Luceo smickles: Exactly [04:58]
mircea_popescu actually i read but don't recall where that the MAJORITY of suits don't make more money than the cost to sue. [04:58]
mircea_popescu which bears out in the experience. [04:58]
Luceo I've only sued one person, and he settled out of court [04:59]
BTC-Mining Ah, fine, consider it whichever way you want [04:59]
smickles ciuciu: if you only do business with people you can meet, you are severely limiting your potential [04:59]
mircea_popescu he has no potential. [04:59]
smickles Luceo: lucky you. I, otoh, had to deal with the scum of the earth [04:59]
Azelphur Luceo: I have an aunt called Sue, we generally say it's a description rather than a name :P [04:59]
mircea_popescu hahaha [05:00]
Luceo smickles: :( [05:00]
Luceo Azelphur: lol I have an aunt called Sue, and likewise >_> [05:00]
Azelphur haha [05:00]
mircea_popescu o wait, were those your tenants that ruined your place smickles ? [05:00]
Luceo But she was a lawyer :P [05:00]
mircea_popescu well, honestly, i sued the romanian interior ministry and forced them to friggin change the laws [05:00]
Azelphur haha, my aunt just phones up and shouts at people and cites the multiple ways in which she's going to sue them until she gets her way [05:00]
Azelphur xD [05:00]
Luceo oh lol, my aunt was a corporate lawyer :P [05:01]
assbot [MPEX] [S.MPOE] 50046 @ 0.00037911 = 18.9729 BTC [-] [05:01]
Luceo And her husband was a banker lol [05:01]
mircea_popescu it wasn't easy nor cheap, but in the end worth it. nevertheless, i tell you, litigations of the nature discussed here are rarely worth it. [05:01]
smickles mircea_popescu: yup, those people [05:01]
Azelphur haha [05:01]
smickles ciuciu: what a coincidence, i too manage over 1000btc of others [05:01]
smickles er [05:02]
smickles 2000 [05:02]
mircea_popescu at least nao lol [05:02]
Luceo I manage very little of others' money! :D [05:02]
Luceo And I'm glad for it [05:02]
Azelphur smickles: and like 1/4 of that is mine, haha [05:02]
mircea_popescu jsut your aunt sue's right ? [05:02]
BTC-Mining 2000? Not bad [05:02]
mircea_popescu o you got dough in mpoe.etf Azelphur ? [05:02]
smickles and i'm glad to have your confidence Azelphur [05:02]
Azelphur mircea_popescu: SS [05:02]
Azelphur :D [05:02]
mircea_popescu a a [05:02]
mircea_popescu ya, how;s that going ? haven't seen the other s guy in a while [05:03]
BTC-Mining I wonder if I should manage a fund. [05:03]
Azelphur it's just kinda quietly ticking over really [05:03]
Azelphur it's weird all the hype has died down [05:03]
mircea_popescu was a sort of arb bot right ? [05:03]
BTC-Mining I think a mining operation is sufficient. [05:03]
Azelphur but it's still performing exactly as they said it was [05:03]
mircea_popescu or was that with shakurur ? [05:03]
Azelphur SS? nah it's spread out deposits with banks [05:03]
Azelphur with a small insurance [05:03]
mircea_popescu BTC-Mining mining is dead louise. [05:03]
smickles ciuciu: i was just pointing out a coincidence :/ [05:03]
BTC-Mining Mining ain't dead [05:04]
dub ciuciu: you really haven't said anything except quoting a particularly retarded mod on a wholey retarded forum [05:04]
BTC-Mining fixed rate bonds are dead [05:04]
mircea_popescu hmm mebbe. [05:04]
dub ciuciu: which only serves to make you look kinda retarded yourself [05:04]
Azelphur re the forum, has anyone thought about forking it? [05:04]
mircea_popescu o god. [05:04]
mircea_popescu if someone would make a decent forum... [05:04]
Azelphur there was one guy who was thinking of doing it, but it seems a bit, well...terrible [05:05]
Luceo I'll make a decent forum [05:05]
BTC-Mining Which forum? [05:05]
Luceo ONE DAY [05:05]
Luceo >_> [05:05]
usagi Ciuciu no offense but psy is a troll [05:05]
mircea_popescu no conditions to be able to joi, but instaban for being dumb. [05:05]
Luceo What would be counted as decent? [05:05]
mircea_popescu ^^ [05:05]
usagi Psy attacks anyone and anything including me [05:05]
usagi for next to no reason [05:05]
Luceo Psy must like me [05:05]
usagi And you're new here too, aren't you? I mean you just came here last month? [05:05]
Luceo idk, he hasnt attacked me yet [05:05]
mircea_popescu psy managed to get on irc ?! [05:05]
Azelphur Luceo: the people who run it really make a forum what it is, have a set of clearly laid out guidelines [05:05]
usagi Maybe you should hold off on the scammer accusations [05:05]
usagi So post the link [05:06]
Azelphur Luceo: there was a guy who was messaging me the other day he made a forum, he keeps spamming everywhere with it, and he made luke a mod [05:06]
* Azelphur facepalms [05:06]
Luceo lol [05:06]
mircea_popescu lol [05:06]
Luceo Its cool I'll make RS a mod [05:06]
mircea_popescu luke is gonna sell his btc for $25 soon and you'll all be sorry. [05:06]
Azelphur mircea_popescu: and then donate it all to the church :P [05:07]
Luceo Azelphur: I've fallen in love with OpenBSD [05:07]
mircea_popescu straight to the pope baby. [05:07]
Luceo >_< [05:07]
Azelphur Luceo: :D [05:07]
Luceo This OS is just perfect :P [05:07]
usagi Ok, and now everybody knows. We can all go check it out. [05:07]
usagi Thanks ciuciu. [05:07]
usagi It's a matter of public record now. [05:07]
mircea_popescu Azelphur why do you steal people from debian you zealot! [05:07]
Luceo Permission not to care >_< [05:08]
usagi Mircea: Serious question. This link has the word DEFAULT in it. http://www.enom.com/whois/default.aspx?DomainName=PoliMedia.us [05:08]
Azelphur mircea_popescu: wat [05:08]
usagi Have you DEFAULTED on anything recently? [05:08]
Luceo mircea_popescu: Azelphur didn't steal me :P [05:08]
mircea_popescu lmao [05:08]
Azelphur indeed xD [05:08]
usagi Because if you have.... [05:08]
usagi You are in big trouble! [05:08]
mircea_popescu polimedia (srl) is in fact my company. [05:08]
Azelphur I don't even use bsd, I'm a Ubuntu person [05:08]
usagi Seriously though, how does this make mircea a scammer? [05:08]
mircea_popescu the tax # is 22530016 and it's operating today as the first day. [05:08]
usagi I don't get it [05:08]
Azelphur mircea_popescu: can I call you Martha in future [05:08]
Luceo www.enom.com/whois/default.aspx?DomainName=fennec.name Like srsly I must be a scammer -_- [05:08]
mircea_popescu no, that's my cto. [05:08]
usagi It's just a domain name reg [05:08]
Azelphur :( [05:08]
mircea_popescu you can call her martha tho. [05:09]
usagi Look, if you go hunting on me you will discover I have registered domains in the name of cartoon characters [05:09]
Luceo usagi: Me too [05:09]
usagi That doesn't make me a scammer, it makes me anonymous. [05:09]
Luceo MtGox want me to prove my name is Miles 'Tails' Prower :( [05:09]
mircea_popescu no but srsly. the woman is my cto, it's her darned job to register domains wtf. [05:09]
Luceo They don't believe me [05:09]
Ignatius-otc I have a few in the names of characters in science fiction books [05:09]
smickles usagi, you crack me up. now i have a backlog of lines to read in this channel [05:10]
mircea_popescu this chan actually is very sprightly of late. [05:10]
Luceo And idk what I'm going to do when StartSSL asks me to prove I'm Kim Jong-il, I mean he fucking died >_< [05:10]
Ignatius-otc ciuciu do you have any evidence aside from the dns info? [05:11]
smickles mircea_popescu: if polimedia is, as you state, your company. then surely you can show me a pic of the company's logo/name on a bumpersticker which is itself on a pair of tits [05:11]
Luceo ^ And ugly tits don't count [05:12]
mircea_popescu it's weird all the hype has died down << you know i think there's a forum rule that only crappy investments can have hype. [05:12]
Azelphur haha [05:12]
mircea_popescu lmao... [05:12]
Luceo Send it to me, I can get someone to translate from Romanian [05:12]
mircea_popescu i could send you the pic on tits i think. [05:12]
Azelphur SS just basically sits there quietly, continually putting out and performing within expected parameters [05:12]
mircea_popescu o wait. [05:12]
mircea_popescu you saw that pic didn't you. [05:12]
Azelphur the terrifying one of you? [05:12]
smickles :) [05:12]
mircea_popescu lmao [05:13]
mircea_popescu no, some pic of a juicy pair of tits [05:13]
Luceo The one on the bitvps photo book? [05:13]
mircea_popescu nono [05:13]
Luceo Is this a really complex form of [05:13]
Luceo 'tits or gtfo'? [05:13]
mircea_popescu lol wtf where did i put it. [05:14]
smickles i probably have it in archive somewhere /me starts lookin' [05:14]
mircea_popescu ahaha guise! [05:14]
mircea_popescu google poliboobs.jpg in images. [05:14]
assbot [MPEX] [S.MPOE] 4154 @ 0.00037911 = 1.5748 BTC [-] [05:15]
assbot [MPEX] [S.MPOE] 5865 @ 0.00038561 = 2.2616 BTC [+] [05:15]
smickles lol [05:15]
Azelphur that's one way to advertise [05:15]
Azelphur xD [05:15]
Luceo :D [05:15]
mircea_popescu i intend to do a party, have all the girls politopless. [05:15]
mircea_popescu AND NONE OF YOU CAN COME. [05:15]
Luceo /r/ invite [05:15]
Luceo zomg :o [05:15]
Azelphur lol [05:15]
Luceo Who cares about ID? [05:16]
Luceo idc if his name's John Smith, and he lives in China [05:16]
Luceo -_- [05:16]
Luceo ;;getrating mircea_popescu [05:16]
gribble WARNING: Currently not authenticated. User mircea_popescu, rated since Fri Jul 22 08:04:26 2011. Cumulative rating 76, from 37 total ratings. Received ratings: 36 positive, 1 negative. Sent ratings: 40 positive, 2 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=mircea_popescu [05:16]
Luceo ^ Worth more than ID [05:16]
Ignatius-otc agree [05:16]
mircea_popescu wait, the plot thickens. i think maybe it's an impostor ? [05:16]
smickles ;;gpg info mircea_popescu [05:17]
gribble User 'mircea_popescu', with keyid 8A736F0E2FB7B452, fingerprint 6160E1CAC8A3C52966FD76998A736F0E2FB7B452, and bitcoin address None, registered on Fri Jul 22 05:39:10 2011. http://bitcoin-otc.com/viewgpg.php?nick=mircea_popescu . Currently not authenticated. [05:17]
Ignatius-otc oh...new negative...indeed [05:17]
Luceo Does he? [05:17]
mircea_popescu sadly the otc has one flaw [05:17]
assbot [GLBSE] [PUREMINING] 2 @ 0.15439999 = 0.3088 BTC [+] [05:17]
mircea_popescu noobs like rg that do 10000 five bucks trades are rated +500 [05:18]
mircea_popescu and whales like me that do > 10k per trade are like, 11. [05:18]
smickles Daniel Folkinshteyn? relly? [05:18]
assbot [GLBSE] [NYAN.C] 400 @ 1 = 400 BTC [+] [05:18]
* mircea_popescu checks if rg is even in the chan [05:18]
mircea_popescu what about nano ? [05:18]
Luceo mircea_popescu: The flaw is that stupid people don't read the descriptions of the trades :P [05:19]
assbot [GLBSE] [RAREEARTH] 1 @ 0.009201 BTC [-] [05:19]
assbot [GLBSE] [RAREEARTH] 2 @ 0.00915 = 0.0183 BTC [-] [05:19]
assbot [GLBSE] [RAREEARTH] 445 @ 0.0091 = 4.0495 BTC [-] [05:19]
mircea_popescu as any perfect system , the wot is only as good as the tech using it [05:19]
mircea_popescu much akin linux. [05:19]
Luceo No system is perfect [05:20]
assbot [GLBSE] [YABMC] 6 @ 0.1239 = 0.7434 BTC [-] [05:20]
mircea_popescu don't be a hater :D [05:20]
assbot [GLBSE] [NYAN.B] 200 @ 1 = 200 BTC [-] [05:21]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 1.0389 = 2.0778 BTC [-] [05:22]
Luceo usagi: I lol every time I see that asset name >_> [05:22]
assbot [MPEX] [S.MPOE] 3881 @ 0.00039395 = 1.5289 BTC [+] [05:23]
assbot [MPEX] [S.MPOE] 6199 @ 0.00036805 = 2.2815 BTC [-] [05:23]
assbot [MPEX] [S.MPOE] 17359 @ 0.00036632 = 6.3589 BTC [-] [05:23]
assbot [MPEX] [S.MPOE] 60500 @ 0.00036497 = 22.0807 BTC [-] [05:23]
assbot [MPEX] [S.MPOE] 2061 @ 0.000335 = 0.6904 BTC [-] [05:23]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 1.039 = 2.078 BTC [+] [05:23]
assbot [GLBSE] [YABMC] 1 @ 0.1239 BTC [-] [05:24]
* toffoo (~tof@187.67.173.65) has joined #bitcoin-assets [05:25]
rg mircea_popescu: most of my trades are over $100 [05:26]
mircea_popescu :D [05:26]
mircea_popescu how you doin' rg ? [05:26]
rg one person buys my lunch every day [05:26]
rg and hes had the same rating from me [05:26]
rg for ages [05:26]
mircea_popescu i was just being an ass omg! [05:26]
smickles is it just me, or is this an insanely good buy? [05:27]
smickles http://polimedia.us/bitcoin/mpex.php?mpsic=O.HASH.P10TH [05:27]
mircea_popescu its not th/s [05:27]
smickles alright, maybe not 'insanely good' [05:27]
mircea_popescu i forget the formula that turns hash into money [05:28]
assbot [GLBSE] [OBSI.HRPT] 1 @ 0.1048 BTC [+] [05:28]
smickles but still, it's like where you bot prices at is right at where the projected diffToBTC rate come out at, and we're in a strong uptrend on the difficulty [05:29]
mircea_popescu it's not my bot, it's a 3rd party. [05:30]
smickles orly [05:30]
mircea_popescu ((bReward * firstDiffTime * MhBond * 10^6)/((firstDiff * 2^32)))+((bReward * secondDiffTime * MhBond * 10^6)/((secondDiff * 2^32))) [05:30]
mircea_popescu lettuce see [05:30]
usagi What name Luceo? TYGRR PEE? [05:30]
mircea_popescu .pyi) [05:31]
markac 114110961 [05:31]
usagi How about THUNDERCM.MIF.SHARES [05:31]
usagi Or BITCOIN-ASS or whatever it's called [05:31]
mircea_popescu seems about right no ? [05:31]
mircea_popescu i mean [05:32]
usagi Every time I see TYGRR.BOND-PI I think of Magnum P.I. [05:32]
mircea_popescu .py (50 * 10^12)/(2190866 * 2^32) [05:33]
markac 0 [05:33]
mircea_popescu .py (50 * 10^12)/(2190866.0 * 2^32) [05:33]
markac TypeError: unsupported operand type(s) for ^: 'float' and 'int' [05:33]
smickles ** [05:33]
smickles right? [05:33]
mircea_popescu .py 1.0*(50 * 10^12)/(2190866 * 2^32) [05:33]
markac 0.000115023849191 [05:34]
mircea_popescu mmm py is rounding badly. [05:34]
mircea_popescu i got 0.005313667 [05:34]
assbot [GLBSE] [CIUCIU.BOND] 1 @ 0.099 BTC [-] [05:34]
mircea_popescu so the bot seems to think the diff will up a lot. [05:34]
mircea_popescu i guess ? [05:34]
assbot [GLBSE] [NYAN.C] 1 @ 1 BTC [+] [05:34]
smickles mircea_popescu: hmm, i think i used a different method to value it or something [05:35]
smickles lemme check my notes [05:35]
mircea_popescu but i mean it's block * hashes by diff times 2^32 no ? [05:35]
mircea_popescu << kinda noob in mining. [05:35]
mircea_popescu o no wait! the value is like 0.005. and the option says : [05:36]
mircea_popescu What this means is that the holder of one option has the right (but not the obligation) to sell 10 Th (that's ten thousand billion hashes, or approximately 2.77 Gh/s running for one hour) for 0.075 BTC [05:36]
mircea_popescu so if you sell for 0.075 something worth 0.005 then the sale itself should be worth 0.07 [05:37]
assbot [MPEX] [F.GIGA.ETF] 14549 @ 0.00113771 = 16.5525 BTC [-] [05:37]
mircea_popescu hmm [05:37]
mircea_popescu mnono! it's 10th so 10^13! [05:38]
mircea_popescu thus, the insta value is like .05 and the value is .075 so naturally the bot values around .025 [05:38]
assbot [GLBSE] [STANDARD.5.50] 1000 @ 0.0001 = 0.1 BTC [+] [05:39]
smickles mircea_popescu: there we are. but my point is, given the current ust/btc price history, the amount of hashes on the network has yet to catch up [05:40]
smickles s/current/recent/ [05:40]
smickles so... the diff rate will likely only go higher [05:40]
mircea_popescu well possibly [05:41]
smickles so, the value of a hash will likely only go lower [05:41]
mircea_popescu mno [05:41]
mircea_popescu Difficulty 2190866 [05:41]
mircea_popescu Estimated 2191980 in 1926 blks [05:41]
mircea_popescu see, i think 1,9k blocks is past the option expiry. [05:41]
mircea_popescu how many days is 1926 blocks ? [05:41]
mircea_popescu .py 1926 / 6 / 24 [05:41]
markac 13 [05:41]
mircea_popescu mno. well i dunno wtf. [05:41]
smickles oh well, i bought it much earlier at a much lower price anywoy [05:42]
smickles ;D [05:42]
mircea_popescu :p [05:42]
mircea_popescu was it priced lower earlier !? [05:42]
mircea_popescu on the graph price seems to have mostly been falling [05:42]
smickles mircea_popescu: as low as 0.00861487 [05:42]
mircea_popescu mmm was that last month ? [05:43]
smickles must have been, however [05:43]
smickles it wasn't much higher at the beginning of this month [05:43]
mircea_popescu well ya, but these are options you see. [05:43]
mircea_popescu i think it musta been. [05:43]
mircea_popescu you sure you didn't get C ? [05:44]
smickles O.HASH.P10TH x 100 [05:44]
smickles not many, but i'm a small fry [05:44]
smickles and this was my firs buy on those things [05:44]
mircea_popescu ;;ident smickles [05:45]
gribble Nick 'smickles', with hostmask 'smickles!~smickles@184.154.30.40', is not identified. [05:45]
assbot [GLBSE] [YARR] 3 @ 1.59 = 4.77 BTC [+] [05:45]
mircea_popescu well, maybe they were cheaper earlier i dunno. [05:45]
smickles ah, this is what i get for bragging to the guy who runs the system [05:45]
mircea_popescu lol what did you get ? [05:46]
* xdollartraderx has quit (Ping timeout: 276 seconds) [05:46]
smickles heh, i thought you were checking up on me [05:46]
smickles i dunno, it doesn't make sense. it's the weekend, and i drink on the weekend [05:47]
* xdollartraderx (~xdollartr@cpe-24-94-250-101.sw.res.rr.com) has joined #bitcoin-assets [05:47]
mircea_popescu diff before was 2036671.08869332 [05:47]
assbot [GLBSE] [NYAN] 1 @ 0.99 BTC [-] [05:47]
mircea_popescu so ya, it jumped you made monyz. [05:47]
mircea_popescu its how they werk. [05:47]
assbot [GLBSE] [PUREASIC] 2 @ 0.7 = 1.4 BTC [+] [05:48]
smickles heh, yeah, i was confident that i'd make monyz when i made the buy [05:48]
smickles i meant, i thought you were looking up in you database to verify when and at what price i bought them at [05:48]
mircea_popescu o [05:48]
mircea_popescu haha i dun really care. [05:48]
assbot [GLBSE] [BBBB] 130 @ 0.00027 = 0.0351 BTC [+] [05:49]
smickles yeah, 2 glasses of wine will make me think the whole world revolves around my thoughts [05:49]
smickles lol [05:49]
mircea_popescu so did gigavps get his minis/rigs in the end ? [05:50]
BTC-Mining He got them a long time ago... [05:50]
BTC-Mining Must have been months [05:51]
mircea_popescu did he make a nice site for them like [05:51]
mircea_popescu http://gigamining.com/mgpumon/ ? [05:51]
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BTC-Mining No idea actually [05:53]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 1.039 BTC [+] [05:53]
mircea_popescu but ya diff jumped 33% past ~4 months [05:54]
mircea_popescu in strict depreciation terms all mining assets that didn't make at least 9% per month are a net loss. [05:54]
BTC-Mining Mining equipment is bought in USD &/or other fiat. [05:55]
mircea_popescu yeah... [05:56]
mircea_popescu i forgot that [05:56]
mircea_popescu 33% depreciation through diff rate increase and 50% depreciation through btc appreciation [05:56]
BTC-Mining Considering that Difficulty is behind the price raise... well you'd have been better off keeping BTC [05:56]
mircea_popescu all mining assets that didn't make 20% per month past 3 mionths are a net loss. [05:56]
mircea_popescu yup. [05:56]
BTC-Mining I meant that by investing in equipment with a fixed USD value, you want returns that can buy you more equipment. [05:58]
BTC-Mining and technically, the mining/equipment has raised in USD value [05:58]
* Graet has quit (Ping timeout: 276 seconds) [05:58]
BTC-Mining Hence why we're undergoing a sudden rapid difficulty growth [05:58]
BTC-Mining Still, you'd get more having kept your bitcoins [05:59]
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BTC-Mining As I see it, if bitcoin prices soars, you'd be better off keeping them (although you still earn more as difficulty adapt). If prices drop, you have too much hashing per price and returns decrease [06:01]
BTC-Mining As such, a stable fiat to BTC rate would seem better [06:01]
assbot [GLBSE] [FPGAMINING] 1 @ 0.95 BTC [+] [06:02]
assbot [GLBSE] [FPGAMINING] 4 @ 0.96 = 3.84 BTC [+] [06:02]
assbot [GLBSE] [FPGAMINING] 2 @ 0.96777 = 1.9355 BTC [+] [06:02]
BTC-Mining At least ASIC is the last step and large price/hashing changes should be behind us from now on [06:02]
BTC-Mining Lowering slowly as ASICs become more performant [06:03]
* Chaang-Noi has quit (Ping timeout: 245 seconds) [06:05]
Luceo usagi: That one too :P [06:05]
Luceo But mostly your nyan assets :P [06:05]
assbot [GLBSE] [NYAN.C] 2 @ 1.08 = 2.16 BTC [+] [06:06]
assbot [GLBSE] [BITNODES] 1 @ 0.25 BTC [+] [06:08]
mircea_popescu BTC-Mining it would, yes. [06:09]
* asa has quit (Remote host closed the connection) [06:12]
Luceo ASICs on 32nm should still be a significant jump [06:12]
Luceo or 28nm [06:12]
mircea_popescu or maybe even 22nm when that happens. [06:12]
mircea_popescu i think they have working prototypes already [06:13]
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assbot [GLBSE] [ASICMINER] 50 @ 0.1 = 5 BTC [06:13]
assbot [GLBSE] [BITCOINMINV] 10 @ 0.1200001 = 1.2 BTC [-] [06:15]
assbot [GLBSE] [BITCOINMINV] 19 @ 0.12 = 2.28 BTC [-] [06:15]
assbot [GLBSE] [BITCOINMINV] 10 @ 0.12 = 1.2 BTC [-] [06:15]
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mircea_popescu https://bitcointalk.org/index.php?topic=100303.0 food for thought. [06:19]
mircea_popescu if anyone cares to weigh in. [06:20]
assbot [GLBSE] [GMVT-BOT] 2 @ 0.1 = 0.2 BTC [-] [06:20]
smickles mircea_popescu: https://bitcointalk.org/index.php?topic=98491.40 get your pr lady to point out that it's not 'the best time to sell in a year', it's the best time to buy puts in a year [06:21]
mircea_popescu haha ty. [06:22]
* nanotube looks around. someone pinged? [06:22]
mircea_popescu i might have cause of name reference [06:23]
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smickles nanotube: you were mentioned as not being a thief and a lier, iirc [06:25]
* Jackmaninov (~Jackmanin@216-197-171-254.sktn.hsdb.sasknet.sk.ca) has joined #bitcoin-assets [06:26]
nanotube smickles: oh, that's good :) [06:26]
assbot [MPEX] [S.MPOE] 28200 @ 0.00039367 = 11.1015 BTC [+] [06:27]
assbot [MPEX] [S.MPOE] 15700 @ 0.00038343 = 6.0199 BTC [-] [06:27]
assbot [MPEX] [S.MPOE] 16800 @ 0.00037284 = 6.2637 BTC [-] [06:27]
mircea_popescu nanotube is just very small [06:27]
mircea_popescu how can something that small be a thief ? you'd accidentallty smush it midrobbery [06:27]
nanotube someone's buying some s.mpoe eh. [06:27]
nanotube haha [06:27]
mircea_popescu it's been going back and forth. [06:27]
* smickles is still kicking himself for missing that buy op [06:28]
mircea_popescu aww you can't be on 24/7 [06:28]
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smickles the order should have been placed and waiting :/ [06:29]
mircea_popescu black swan event, keeps money locked up [06:29]
smickles i'll have to ask copumpkin if that 'event' was him cashing out [06:30]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 1.039 BTC [+] [06:32]
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mircea_popescu o hehe, is he that rich ? [06:32]
Azelphur mircea_popescu: probably :P [06:34]
mircea_popescu EskimoBob : speaking of the bonds you or i can invest into, afaik the only such in btcworld are the MPOE bonds. care to go through them with me to check this theory ? [06:35]
BTC-Mining mircea, for example, gigamining share holders will be able to pay 0.25 BTC to switch their 1 BTC IPO share (5 mhash each) to 4 shares (25 mhash each) for 20x the hashing. [06:35]
BTC-Mining when ASICs are out [06:35]
BTC-Mining and there is already over 0.30 BTC paid back per share [06:36]
assbot [GLBSE] [BIF.1YR.LOAN] 3 @ 0.98076923 = 2.9423 BTC [-] [06:36]
* TheSeven has quit (Disconnected by services) [06:36]
mircea_popescu BTC-Mining still not a bond, sounds more like a sort of stock option ?! [06:36]
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BTC-Mining Not to count difficulty was relatively stable before bitcoin prices raised [06:36]
mircea_popescu yes but as the guy rightly points out, in order for something to be a bond it needs to meet some criteria. [06:37]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 1.039 = 2.078 BTC [+] [06:37]
mircea_popescu these are 1. fixed principal and 2. maturity date. [06:37]
mircea_popescu absent either it ain't a bond. [06:37]
BTC-Mining Well, he had GPUs, but he bought a lot of FPGA which is tradable for the new ASICs from BFL [06:37]
mircea_popescu i think he still has the gpus [06:37]
BTC-Mining So for that part, upgrade was already paid by investors [06:37]
BTC-Mining yeah, but he'll have to lose them with raising difficulty [06:37]
mircea_popescu maybe so. [06:37]
mircea_popescu none of this is really germane to the issue tho. [06:38]
mircea_popescu if i lend you a car i haven't sold you it, i've lent you it [06:38]
mircea_popescu if i tack on the option for you to turn it into an airplane [06:38]
mircea_popescu it's still not a sale. [06:38]
assbot [GLBSE] [NYAN.C] 2 @ 1.02 = 2.04 BTC [-] [06:40]
assbot [GLBSE] [NYAN.C] 2 @ 1.01 = 2.02 BTC [-] [06:40]
assbot [GLBSE] [NYAN.C] 1 @ 1.001 BTC [-] [06:40]
assbot [GLBSE] [NYAN.C] 74 @ 1 = 74 BTC [-] [06:40]
BTC-Mining Well yes and no. It's technically a sale of power, but the equipment is managed by Gigavps who has a margin vs what he gets with what people paid. [06:40]
mircea_popescu ... [06:40]
mircea_popescu but he makes no representation he will return a certain btc value at a certain future date. [06:41]
BTC-Mining He could do it that way: I've sold you a contract for X mhash. Equipment remains mine, and I'll trade it for 20x more mhash, but won't give you anything [06:41]
BTC-Mining Or he could go: Well you did pay for the equipment I'm trading in. I'll raise to Y mhash on those contracts and keep a similar margin [06:42]
mircea_popescu yes, it could be a bond in the very tenuous theory where hash power is a currency [06:42]
mircea_popescu except i don't think it is. [06:42]
BTC-Mining It is a bond, that's where you see the community is small and run by single individuals. [06:42]
BTC-Mining I can hardly see a corporate entity acting like this [06:42]
mircea_popescu i don't take your meaning ? [06:43]
BTC-Mining They've sold a contract for X something, it will stay a contract for X something. [06:43]
mircea_popescu yes, but unless its for X something money it's not a bond. [06:44]
BTC-Mining They wouldn't upgrade to Y something on the pretense X something is now upgradable [06:44]
BTC-Mining Because they sold X, not the underlying equipment that is upgraded [06:44]
BTC-Mining All employees within a corporation are employed to get more money for the corporation. [06:44]
mircea_popescu a different way to express this would be "the issuers realised how badly they're screwing so called but not really investors [06:45]
BTC-Mining Goodwilling decisions are not acceptable, unless otherwise it would tarnish them and cause a loss of revenue [06:45]
assbot [MPEX] [S.MPOE] 28700 @ 0.00037759 = 10.8368 BTC [+] [06:45]
mircea_popescu and by the theory you can fleece a sheep many times but skin him only once, are now sweetening the deal" [06:45]
BTC-Mining Well in any case, mining so far has been constantly profitable. And so far I see no real loss for any long term miners. GPUs can be resold, although if you bought just before FPGA/ASICs, it's pretty much a loss. [06:47]
mircea_popescu hey, i've made profits too, but the point remains : they aren't really bonds. [06:48]
BTC-Mining Indeed [06:48]
mircea_popescu they're in fact very sophisticated financial instruments [06:48]
mircea_popescu that people in general aren't capable to correctly value. [06:48]
BTC-Mining Well yes, indeed [06:48]
mircea_popescu im not arguing that "they're bad" or anything. [06:48]
mircea_popescu im just saying, its NOT something random q citizen comprehends. [06:49]
BTC-Mining The contract is that of a bond, but the issuers (at least the most reputable ones in the bitcoin community) decided not to leave them as fixed bonds. [06:49]
BTC-Mining They are more like floating bonds moving up and down according to the operation's state I suppose. [06:49]
* da2ce751 has quit (Ping timeout: 246 seconds) [06:50]
mircea_popescu they are somewhat like floating bonds except really they're more like floating warrants [06:50]
mircea_popescu which as far as i know was never yet used irl [06:51]
mircea_popescu and if someone tried the house/sec./etc would have a weeklong fit [06:51]
assbot [GLBSE] [FUTUREFUND] 10 @ 0.00011485 = 0.0011 BTC [+] [06:51]
noagendamarket Its like issuing a bond on a used car ... [06:52]
BTC-Mining warrant? It's not optional, it's quite simply a direct weekly coupon for X mhash of mining... seems like a floating coupons bond... [06:52]
noagendamarket its never going to increase in value :) [06:53]
mircea_popescu well in theory it's principal backing is that you have the option to directly realise your underlying mh/s [06:53]
mircea_popescu (by selling the bond and buying the machinery) [06:53]
mircea_popescu you don't have capital per se [06:54]
mircea_popescu your only semblance of capital is this "option" [06:54]
mircea_popescu which is really virtual anyway [06:54]
assbot [GLBSE] [NYAN] 10 @ 0.99999999 = 10 BTC [+] [06:54]
BTC-Mining I'm just not following you on that last bit... [06:55]
mircea_popescu noagendamarket actually if the asic companies run off with everyone's money it might increase [06:55]
mircea_popescu btc-mining lemme elaborate : [06:55]
mircea_popescu if i hold a treasury my ownership extends over a certain sum of us$. [06:55]
mircea_popescu if i own a mining "bond" my ownership extends over no sum of us$ or btc [06:55]
BTC-Mining Ah, true, true [06:55]
mircea_popescu my only ownership is over the theoretical output of a theoretical machine [06:55]
mircea_popescu so it's a "sort of" warrant for that machine [06:55]
mircea_popescu which is never physically settled, yes, but by the cash value [06:56]
mircea_popescu but yea, it's really very contorted to define in fiat-terms what a mining "bond" is. [06:56]
BTC-Mining A bond is a loan, it's tied to pay coupons AND pay back the full principal [06:57]
mircea_popescu "floating coupon virtual warrant" FCVW for instance... [06:57]
mircea_popescu yes. [06:57]
BTC-Mining Ah, who started with giving those the name "bond" to start with? [06:57]
mircea_popescu im not even sure. maybe bitbond ? [06:57]
mircea_popescu i think giga got it from amazingr. [06:58]
noagendamarket A mining bond means you pay the operator for priviledge of loaning them money :) [06:58]
mircea_popescu lol [06:58]
assbot [GLBSE] [BIF.BTCST.PPT] 1 @ 1.0444 BTC [+] [06:59]
assbot [GLBSE] [MU] 1 @ 0.5099 BTC [+] [06:59]
BTC-Mining Well I have an actual mining copurchase shares on offer for those interested in less random things than mining "bonds" [07:00]
mircea_popescu anyway im really curious what the guy has to say. wake up bobby!!! [07:00]
assbot [GLBSE] [BMMO] 3 @ 0.108997 = 0.327 BTC [+] [07:00]
coingenuity imo, unless there is some kind of web of trust for bitcoin funded assets, its a moot argument to me :P [07:01]
noagendamarket that has good and bad points :) [07:03]
assbot [MPEX] [F.GIGA.ETF] 2000 @ 0.00109966 = 2.1993 BTC [-] [07:04]
assbot [MPEX] [F.GIGA.ETF] 1000 @ 0.00110903 = 1.109 BTC [+] [07:04]
mircea_popescu coingenuity isnt there ?! [07:04]
coingenuity not to my highly untrained eye [07:04]
coingenuity i've just heard something about some defaulting securities on the forum [07:05]
BTC-Mining How would you achieve such a thing as a web of trust for assets? [07:05]
mircea_popescu a well, glbse. [07:05]
mircea_popescu on MPEx every lister is in the wot. [07:05]
coingenuity heh [07:05]
mircea_popescu simple : don't allow the riffraff to ipo. [07:05]
coingenuity ^ [07:05]
BTC-Mining Fact of the matter is, anyone can join GLBSE [07:05]
mircea_popescu you don't have children when you're 3 [07:05]
mircea_popescu you don't ipo as a dood that doesn't even know what gpg is. [07:05]
coingenuity right, or IPO something without assets or history [07:06]
mircea_popescu there's a progression. [07:06]
mircea_popescu an ipo is the pinnacle of a career, not a sophomore year project. [07:06]
BTC-Mining and many issuers are not only anonymous, but they want people to invest in a half done website/business [07:06]
noagendamarket yes they do :/ [07:06]
coingenuity yup [07:06]
coingenuity i wont touch it, for one [07:06]
BTC-Mining You can find thousands of "personal startups" websites outside of bitcoin world and they almost fail 100% [07:06]
mircea_popescu i think markac would round that to 100.0 [07:07]
mircea_popescu he only has like 8 decimals. [07:07]
BTC-Mining I see no reason to see any difference for bitcoins [07:07]
noagendamarket or they pay dividends for a short while from IPO funds then run off :/ [07:10]
noagendamarket feelsgoodman.jpg [07:10]
mircea_popescu how many times has that happened ? [07:10]
mircea_popescu i think i counted 10 ? 20 ? [07:11]
noagendamarket something like that [07:11]
mircea_popescu noagendamarket btw, have we traded ? the name sure is familiar. [07:12]
BTC-Mining I somehow managed to get BTC-Mining out of the low volume, numerous new issues that keep popping up. [07:12]
noagendamarket mircea_popescu no we havent. I havent traded otc for a long time. [07:12]
BTC-Mining Like someone on the forum said, it takes quite a bit of seeding and efforts to get an issue going. [07:12]
mircea_popescu ya it would have been last year [07:13]
mircea_popescu my memory is not THAT BAD yet, current year i still can access fine [07:13]
noagendamarket lol [07:13]
noagendamarket I feel old :/ [07:13]
coingenuity noagendamarket: its ok bro [07:14]
coingenuity i remember sub $1 btc [07:14]
mircea_popescu i never was around for that [07:15]
noagendamarket I remeber sub 10 cents btc :) [07:15]
mircea_popescu i bought my first btc for $15 lol [07:15]
coingenuity and then it suddently started going from $2->$5 ->$20 [07:15]
mircea_popescu and guess what! I STILL HAVE THEM [07:15]
mircea_popescu never realised that loss, so... [07:15]
coingenuity heh [07:15]
noagendamarket baller :) [07:15]
mircea_popescu :D [07:15]
mircea_popescu was like, 60 btc, 15 $ each, 1k wham [07:15]
noagendamarket wish id bought those 10 000 btc for $50 now :D [07:16]
mircea_popescu my first day haha. after vragnaroda got me to sit still for long enough to comprehend why gpg wot is a good idea [07:16]
coingenuity ouch X_X [07:16]
BTC-Mining Everyone does [07:16]
mircea_popescu REBATE 1500@0.1249 [07:17]
noagendamarket I regret sending Bruce Wagner the first twitter message about bitcoin :D [07:17]
mircea_popescu ouch, did someone just get pwned ? [07:17]
noagendamarket yes they did [07:18]
noagendamarket REBATE is fusked and so is Zipconf [07:18]
mircea_popescu wasn't it frozen ?! [07:18]
noagendamarket apparently [07:18]
mircea_popescu hmm, maybe it's the buyback ? [07:19]
noagendamarket nefario fat fingered it lol [07:19]
mircea_popescu http://consciouslifenews.com/wikileaks-bombshell-trapwire-surveillance-spy-networ/1134041/ [07:20]
mircea_popescu o this is juicy. [07:20]
BTC-Mining noagendamarket: You know what's worse? I'm sure plenty of early adopters from the first months who were mining them a plenty deleted their wallet and left because their thousands of bitcoins were worth a few measly cents [07:21]
BTC-Mining back even before mtgox [07:21]
mircea_popescu im pretty sure [07:21]
mircea_popescu has anyone done a count of money that has not moved since the mtgox failure ? [07:21]
mircea_popescu cause that's prolly an important value, seeing how its really 21 mn - that. [07:21]
noagendamarket I wonder if satoshi ever used mt gox lol [07:23]
BTC-Mining I got to repair that hole in the screening... night bugs keep entering and go for my screen [07:24]
mircea_popescu i bet satoshi never did sell a single bitcoin. [07:25]
BTC-Mining Did he ever mine at all to start with? I suppose so or there wouldn't have been a first few blocks. Unless he found a few people not long before launched, pitched the concept, and they started to mine since day one that the code was released [07:27]
mircea_popescu he mined yea [07:28]
mircea_popescu but i dont imagien he mined very much, and i dont think he sold any of it [07:28]
mircea_popescu for many reasons, including "cant sell your own child" and "can't establish the best price to sell art so can't sell" [07:28]
mircea_popescu and notably "want to be anon can't sell". [07:28]
BTC-Mining How would you know he mined? No one knew him [07:29]
mircea_popescu he mined 1st block [07:29]
BTC-Mining first blocks mined might not have been him [07:29]
mircea_popescu cause it has custom messate in it [07:29]
BTC-Mining The first block cannot be spent [07:29]
mircea_popescu but if he mined a block [07:29]
assbot [MPEX] [F.GIGA.ETF] 14400 @ 0.00110903 = 15.97 BTC [+] [07:29]
assbot [MPEX] [F.GIGA.ETF] 300 @ 0.00111116 = 0.3333 BTC [+] [07:29]
mircea_popescu he prolly mined more than one [07:29]
BTC-Mining and is not technically mined [07:29]
assbot [MPEX] [F.GIGA.ETF] 7853 @ 0.00108629 = 8.5306 BTC [-] [07:30]
assbot [MPEX] [F.GIGA.ETF] 8600 @ 0.00108432 = 9.3252 BTC [-] [07:30]
noagendamarket Sirius-m probably mined a few [07:31]
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assbot [GLBSE] [HYDRO.BONDS] 1 @ 1.56 BTC [+] [07:47]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 1.0351 = 4.1404 BTC [-] [07:48]
assbot [GLBSE] [TYGRR.BOND-P] 26 @ 1.035 = 26.91 BTC [-] [07:48]
assbot [GLBSE] [GIGAMINING] 1 @ 1.139 BTC [-] [07:48]
assbot [GLBSE] [BIF.1YR.LOAN] 5 @ 0.94 = 4.7 BTC [-] [07:50]
assbot [GLBSE] [YABMC] 7 @ 0.1239 = 0.8673 BTC [-] [07:53]
assbot [GLBSE] [OBSI.HRPT] 20 @ 0.1047 = 2.094 BTC [-] [07:54]
assbot [GLBSE] [OBSI.HRPT] 30 @ 0.1048 = 3.144 BTC [+] [07:54]
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assbot [GLBSE] [ASICMINER] 388 @ 0.1 = 38.8 BTC [08:00]
assbot [GLBSE] [BIF.BTCST.PPT] 8 @ 1 = 8 BTC [-] [08:02]
assbot [MPEX] [S.MPOE] 4100 @ 0.00037602 = 1.5417 BTC [-] [08:04]
* Jackmaninov (~Jackmanin@216-197-171-254.sktn.hsdb.sasknet.sk.ca) has joined #bitcoin-assets [08:09]
assbot [GLBSE] [FPGAMINING] 1 @ 0.967 BTC [-] [08:10]
assbot [GLBSE] [RAREEARTH] 10 @ 0.0091 = 0.091 BTC [-] [08:12]
assbot [MPEX] [S.MPOE] 61300 @ 0.00037699 = 23.1095 BTC [+] [08:19]
assbot [MPEX] [S.MPOE] 31700 @ 0.00037759 = 11.9696 BTC [+] [08:19]
assbot [MPEX] [S.MPOE] 7000 @ 0.00039355 = 2.7549 BTC [+] [08:19]
assbot [MPEX] [S.BVPS] 150 @ 0.00341224 = 0.5118 BTC [+] [08:20]
assbot [MPEX] [S.BVPS] 1125 @ 0.00330779 = 3.7213 BTC [-] [08:20]
assbot [MPEX] [S.BVPS] 101 @ 0.00318722 = 0.3219 BTC [-] [08:20]
assbot [MPEX] [S.BVPS] 124 @ 0.00303747 = 0.3766 BTC [-] [08:20]
* Now talking on #bitcoin-assets [19:05]
* Topic for #bitcoin-assets is: Bitcoin assets and securities discussion. || Bitcoin asset exchanges: GLBSE https://glbse.com || MPEx http://polimedia.us/mpex || Streaming trades only: #bitcoin-assets-trades [19:05]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Thu Jul 19 06:33:36 2012 [19:05]
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assbot [GLBSE] [YARR] 10 @ 1.5 = 15 BTC [-] [19:10]
assbot [GLBSE] [YARR] 2 @ 1.50999999 = 3.02 BTC [+] [19:10]
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assbot [MPEX] [S.MPOE] 53000 @ 0.00037955 = 20.1162 BTC [-] [19:12]
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assbot [GLBSE] [TYGRR.BOND-P] 1 @ 1.0495 BTC [+] [19:15]
assbot [GLBSE] [ASICMINER] 8 @ 0.1 = 0.8 BTC [19:17]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 1.0495 = 2.099 BTC [+] [19:19]
assbot [GLBSE] [NYAN.C] 1 @ 1.099 BTC [+] [19:21]
* JWU_42 (~jw@c-24-12-32-66.hsd1.in.comcast.net) has joined #bitcoin-assets [19:21]
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assbot [GLBSE] [JAH] 10 @ 0.17 = 1.7 BTC [+] [19:33]
assbot [MPEX] [S.MPOE] 60100 @ 0.0003965 = 23.8297 BTC [+] [19:34]
assbot [GLBSE] [FPGA.CONTRACT] 9 @ 0.168 = 1.512 BTC [+] [19:34]
assbot [GLBSE] [BITCOINMINV] 17 @ 0.121 = 2.057 BTC [-] [19:36]
assbot [GLBSE] [BIB.PIRATE] 3 @ 1.045 = 3.135 BTC [+] [19:41]
* paladon (~paladon@unaffiliated/paladon) has joined #bitcoin-assets [19:41]
assbot [GLBSE] [ASICMINER] 5 @ 0.099 = 0.495 BTC [-] [19:42]
assbot [GLBSE] [ASICMINER] 195 @ 0.1 = 19.5 BTC [+] [19:42]
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assbot [GLBSE] [YABMC] 1 @ 0.1234 BTC [-] [19:43]
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assbot [GLBSE] [MU] 1 @ 0.5099 BTC [+] [19:51]
assbot [GLBSE] [MU] 1 @ 0.5099 BTC [+] [19:52]
assbot [GLBSE] [ASICMINER] 5 @ 0.1 = 0.5 BTC [+] [19:53]
* guruvan_ is now known as guruvan- [19:53]
assbot [GLBSE] [BIF.BTCST.PPT] 5 @ 1 = 5 BTC [-] [19:57]
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assbot [MPEX] [S.MPOE] 31041 @ 0.0003965 = 12.3078 BTC [+] [19:57]
* guruvan (~guruvan@gateway/tor-sasl/guruvan) has joined #bitcoin-assets [19:58]
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assbot [MPEX] [S.MPOE] 209 @ 0.00037955 = 0.0793 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 40153 @ 0.00037786 = 15.1722 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 11400 @ 0.00037523 = 4.2776 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 11984 @ 0.00037519 = 4.4963 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 42800 @ 0.00037284 = 15.9576 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 38200 @ 0.00037093 = 14.1695 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 42300 @ 0.00037015 = 15.6573 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 30040 @ 0.00036608 = 10.997 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 66919 @ 0.00036205 = 24.228 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 8839 @ 0.00036202 = 3.1999 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 13278 @ 0.000335 = 4.4481 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 11200 @ 0.00033173 = 3.7154 BTC [-] [20:01]
assbot [MPEX] [S.MPOE] 2678 @ 0.00033135 = 0.8874 BTC [-] [20:01]
assbot [GLBSE] [FPGAMINING] 1 @ 0.93 BTC [+] [20:02]
assbot [MPEX] [S.MPOE] 456 @ 0.00033135 = 0.1511 BTC [-] [20:02]
assbot [GLBSE] [BITCOINMINV] 30 @ 0.121 = 3.63 BTC [-] [20:09]
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assbot [GLBSE] [BITBOND] 1 @ 0.445 BTC [-] [20:22]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 1.0481 = 4.1924 BTC [-] [20:22]
assbot [GLBSE] [TYGRR.BOND-P] 8 @ 1.048 = 8.384 BTC [-] [20:22]
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assbot [GLBSE] [BITBOND] 2 @ 0.4495 = 0.899 BTC [+] [20:28]
kakobrekla EskimoBob you about? [20:28]
EskimoBob mmm [20:31]
assbot [GLBSE] [FOO.PPPPT] 3 @ 1.082 = 3.246 BTC [+] [20:31]
usagi YARR paid! [20:34]
mircea_popescu o there he is [20:34]
assbot [GLBSE] [OBSI.1MHS] 31 @ 0.1 = 3.1 BTC [+] [20:35]
assbot [GLBSE] [OBSI.1MHS] 16 @ 0.1 = 1.6 BTC [+] [20:35]
usagi hi [20:35]
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usagi i am going to sleep soon [20:36]
mircea_popescu sleep well. [20:36]
assbot [GLBSE] [YABMC] 2 @ 0.1203 = 0.2406 BTC [-] [20:36]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 1.0494 = 4.1976 BTC [+] [20:39]
assbot [GLBSE] [YABMC] 9 @ 0.1234 = 1.1106 BTC [+] [20:40]
assbot [GLBSE] [YABMC] 4 @ 0.1234 = 0.4936 BTC [+] [20:42]
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assbot [GLBSE] [FPGAMINING] 1 @ 0.9 BTC [-] [20:46]
assbot [GLBSE] [FPGAMINING] 4 @ 0.89 = 3.56 BTC [-] [20:46]
* rdponticelli (~rdpontice@200-081-044-079.wireless.movistar.net.ar) has joined #bitcoin-assets [20:47]
assbot [GLBSE] [ASICMINER] 46 @ 0.1 = 4.6 BTC [+] [20:48]
assbot [GLBSE] [TYGRR.BOND-P] 3 @ 1.0495 = 3.1485 BTC [+] [20:49]
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assbot [GLBSE] [PUREASIC] 12 @ 0.7 = 8.4 BTC [+] [20:51]
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assbot [GLBSE] [ASICMINER] 5 @ 0.1 = 0.5 BTC [+] [20:51]
assbot [GLBSE] [ASICMINER] 40 @ 0.1 = 4 BTC [+] [20:52]
EskimoBob fasten your seat belts! Nnew! Super cool! GLBSE db melting toy is on it's way :) [20:54]
assbot [GLBSE] [GIGAMINING] 1 @ 1.139599 BTC [+] [20:56]
mircea_popescu eh ? [20:56]
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mircea_popescu EskimoBob did you get my earlier ping ? [20:56]
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assbot [MPEX] [S.MPOE] 35633 @ 0.0003266 = 11.6377 BTC [-] [20:59]
assbot [MPEX] [S.MPOE] 38086 @ 0.00033029 = 12.5794 BTC [+] [20:59]
assbot [GLBSE] [YABIF] 99 @ 1.00000001 = 99 BTC [21:01]
assbot [GLBSE] [YABIF] 1 @ 1 BTC [-] [21:01]
assbot [GLBSE] [YABIF] 2 @ 1 = 2 BTC [-] [21:01]
assbot [GLBSE] [YABIF] 1 @ 1 BTC [-] [21:01]
assbot [GLBSE] [YABIF] 10 @ 1 = 10 BTC [-] [21:01]
assbot [GLBSE] [ASICMINER] 4 @ 0.1 = 0.4 BTC [+] [21:02]
assbot [GLBSE] [TYGRR.BOND-P] 5 @ 1.0495 = 5.2475 BTC [+] [21:06]
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EskimoBob mircea_popescu: one from last night? [21:09]
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mircea_popescu yheah [21:09]
EskimoBob mircea_popescu: you wanted to look at some securities? [21:09]
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mircea_popescu yeah. [21:09]
EskimoBob OK, lets do it [21:10]
EskimoBob you have the list? [21:10]
mircea_popescu yep one sec. [21:10]
mircea_popescu http://polimedia.us/trilema/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 [21:10]
mircea_popescu scroll down a little to where it discusses the bonds. [21:10]
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EskimoBob kakobrekla: let me know when you are done and the lest run few test [21:10]
* EskimoBob is reading now [21:11]
assbot [MPEX] [S.MPOE] 2200 @ 0.00031962 = 0.7032 BTC [-] [21:12]
assbot [GLBSE] [BIF.BTCST.PPT] 30 @ 1 = 30 BTC [-] [21:16]
EskimoBob interesting read [21:16]
assbot [GLBSE] [GIGAMINING] 4 @ 1.13121 = 4.5248 BTC [-] [21:18]
assbot [GLBSE] [GIGAMINING] 2 @ 1.13111 = 2.2622 BTC [-] [21:18]
EskimoBob the problem with bonds is: I as a bond holder, do not rally "care" so you make or lose money. No matter what happens, you owe me the promised % and you are obligated to return the principal [21:18]
EskimoBob now, the moment you make it in to a "if I make you get..." things get more complicated [21:19]
EskimoBob lets say you go for a FRN. Yes. part of the coupon (% what you have to pay me) is fluctuating but no matter what, there is still a fixed part of % [21:20]
EskimoBob spread is constant no matter what [21:21]
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mircea_popescu EskimoBob well, yeah. it'd be a twin bond and insurance ? [21:21]
EskimoBob you see, you as a bond issuer have to worry about insurance and this will lover the yield but increase the "secure" part of the deal [21:22]
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EskimoBob FRN will let you pay me a premium % if you do well [21:23]
EskimoBob but if you frak up you still have to pay me the spread + principal [21:24]
mircea_popescu this is true. [21:24]
mircea_popescu still, it'd be a conditional bond [21:26]
mircea_popescu "you have 1k usd principal and making this much per month, except in case of war" [21:26]
mircea_popescu or, as it really is with bonds, "except in case of default" [21:26]
EskimoBob lest me ask this, if you make a killing on a month, do bondholders get something extra? [21:26]
mircea_popescu nope. [21:27]
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EskimoBob so whn do I have to share the loss with you? [21:27]
EskimoBob you see the problem here [21:27]
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mircea_popescu because you set your own %. [21:27]
EskimoBob but when you frak up, I get burned [21:28]
EskimoBob I share the loss [21:28]
mircea_popescu there's no "i frak up tho", it's a math model, it works the same [21:28]
EskimoBob but you do not share the bigger than expected gain [21:28]
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mircea_popescu well it's not an equity deal. [21:29]
EskimoBob fuck mat, I am a bond holder :) I do not care. I want mu coupon to buy milk ... LOL [21:29]
EskimoBob exactly! [21:29]
assbot [GLBSE] [BITBOND] 2 @ 0.4499 = 0.8998 BTC [+] [21:29]
mircea_popescu so basically your ideea is that if i bought insurance myself and offered an insured tier too [21:29]
EskimoBob if you out a loan, then whn you have a loss, suddenly it acts like we share profit/loss [21:30]
mircea_popescu then that'd be a bond, but this bondholder-insured thing is not, for that reason ? [21:30]
EskimoBob oops, i deleted parts of it [21:30]
mircea_popescu but you're aware that what you describe is exactly what sovereign bonds are. [21:30]
mircea_popescu you make x% unless the country fucks up, in which case you make a loss. [21:31]
EskimoBob if you get a loan from me, and when you have a loss, suddenly the loan acts like we share profit/loss - quity [21:31]
EskimoBob but you used my money - I have the risk [21:31]
mircea_popescu and if you had greek bonds ? [21:31]
EskimoBob this is the problem with mining turd too [21:31]
EskimoBob then write this to the contract so that I get my spread no matter what and if thing go well, you pay me extra % from the gain [21:32]
EskimoBob then it's like a FRN [21:32]
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mircea_popescu from what i can see with mining "bonds"/FCVWs w./e the problem is depreciation is a given [21:32]
mircea_popescu you don't know loss will occur on mpoe, actually historically hasn't really so far. [21:32]
EskimoBob you see, this is for the equity holders [21:33]
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mircea_popescu no ? [21:33]
EskimoBob hold on for sec.... There is polar bear at my door [21:34]
kakobrekla EskimoBob, can you run some tests there [21:35]
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assbot [GLBSE] [ASICMINER] 500 @ 0.1 = 50 BTC [+] [21:40]
assbot [MPEX] [F.GIGA.ETF] 6400 @ 0.00109205 = 6.9891 BTC [+] [21:41]
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EskimoBob OK, I am back [21:43]
EskimoBob mircea_popescu: you see, bond is a loan. Equity is like lets build some stuff and I'll give you some money. What ever you build, part of it is mine and so are the profits...AFTER! the bonds are paid off (its debt) [21:45]
EskimoBob if I lend you money, I do not give a flying f how you earn it back (actually I do but lets keep it simple) [21:46]
EskimoBob when the date is up, your friendly loan shark wants hes money + % and that's it [21:47]
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EskimoBob If I lend you money, I do not want a part of your business. All i want, is my money and %. [21:48]
EskimoBob and this is the main difference. [21:48]
EskimoBob even if you want me to share the profit, you still have to return the % and principal [21:49]
EskimoBob you loss, is yours and this is something you business partner have to talk to you about :) not "me" as a bond holder [21:50]
EskimoBob shit where did mircea_popescu go? [21:50]
EskimoBob It was all written for him :) [21:51]
assbot [GLBSE] [ASICMINER] 10 @ 0.1 = 1 BTC [+] [21:53]
assbot [MPEX] [O.BTCUSD.P060N] 10 @ 0.05009701 = 0.501 BTC [-] [21:53]
assbot [GLBSE] [BITBOND] 1 @ 0.4499 BTC [+] [21:54]
assbot [MPEX] [F.GIGA.ETF] 9000 @ 0.00109205 = 9.8285 BTC [+] [21:54]
assbot [MPEX] [F.GIGA.ETF] 2500 @ 0.00109439 = 2.736 BTC [+] [21:54]
assbot [GLBSE] [ASICMINER] 55 @ 0.1 = 5.5 BTC [+] [21:54]
assbot [GLBSE] [ASICMINER] 730 @ 0.1 = 73 BTC [+] [21:54]
* fff has quit (Remote host closed the connection) [21:56]
assbot [MPEX] [F.GIGA.ETF] 6500 @ 0.00109439 = 7.1135 BTC [+] [21:56]
copumpkin EskimoBob: I think several people have tried making that argument to him before :) [21:56]
assbot [MPEX] [F.GIGA.ETF] 3840 @ 0.0010947 = 4.2036 BTC [+] [21:56]
copumpkin including me [21:56]
copumpkin I'll let you judge whether it has worked or not :P [21:57]
assbot [GLBSE] [ASICMINER] 4 @ 0.1 = 0.4 BTC [+] [21:58]
assbot [GLBSE] [OBSI.HRPT] 1 @ 0.10485 BTC [-] [21:59]
assbot [GLBSE] [ASICMINER] 19 @ 0.1 = 1.9 BTC [+] [22:00]
mircea_popescu here i am EskimoBob [22:01]
mircea_popescu you're describing a very teoretical bond. this is how it works in a world with no default. [22:02]
assbot [GLBSE] [ASICMINER] 10 @ 0.1 = 1 BTC [+] [22:06]
assbot [GLBSE] [ASICMINER] 10 @ 0.1 = 1 BTC [+] [22:06]
assbot [GLBSE] [ASICMINER] 4 @ 0.1 = 0.4 BTC [+] [22:07]
assbot [GLBSE] [ASICMINER] 20 @ 0.1 = 2 BTC [+] [22:07]
assbot [GLBSE] [ASICMINER] 10 @ 0.1 = 1 BTC [+] [22:08]
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assbot [GLBSE] [ASICMINER] 15 @ 0.1 = 1.5 BTC [+] [22:11]
EskimoBob mircea_popescu: default is something else and not what you have there [22:12]
mircea_popescu mmm [22:12]
assbot [GLBSE] [PPT.E] 1 @ 1.185 BTC [-] [22:12]
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mircea_popescu how ? [22:12]
assbot [MPEX] [S.MPOE] 27061 @ 0.00031359 = 8.4861 BTC [-] [22:12]
mircea_popescu take the argentinian default. [22:12]
EskimoBob did you go under? [22:12]
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mircea_popescu sovereign bonds, sovereign default. [22:12]
mircea_popescu you're thinking corporate bonds. [22:12]
EskimoBob no, mot at all [22:13]
mircea_popescu so, what did it take for argentine to default ? [22:13]
EskimoBob US munis have gone under [22:13]
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mircea_popescu merely the statement thereof. yeah. [22:13]
mircea_popescu greek bondholders took quite the hosing recently. why ? greece is still there [22:13]
mircea_popescu plenty of pounds of flesh to be had. where's the flesh ? [22:13]
EskimoBob if you lose something on a short/long option deal - do you go under? [22:14]
assbot [GLBSE] [ASICMINER] 35 @ 0.1 = 3.5 BTC [+] [22:14]
smickles lol, is someone saying that those 'mining bonds' on glbse are actually bonds? [22:14]
* smickles hasn't read much of the log [22:14]
mircea_popescu EskimoBob by how it's set up, that's what'd be. [22:14]
EskimoBob smickles: not anymore with some clueless exceptions :) [22:14]
mircea_popescu smickles no, im trying to use mr bob's expertise to sound my own bonds on [22:14]
EskimoBob mircea_popescu: do not take it personally but I think you need to rewrite it a bit [22:15]
EskimoBob I was actually thinking, is there a better way to finance those deals [22:15]
EskimoBob and I think there is [22:15]
mircea_popescu why'd i take it personalyl ? [22:15]
mircea_popescu you don't know me too well i guess, but i am all about finding the best ways to do finance in btc. [22:16]
EskimoBob OK, cool . so lets keep at it [22:16]
smickles mircea_popescu actually has a record of changing MPEx's insturments when shortcommings are pointed out [22:16]
EskimoBob so [22:16]
assbot [GLBSE] [YABIF] 2 @ 1 = 2 BTC [-] [22:17]
EskimoBob only part I did not like is that your bond starts to act like something else when there is a business loss involved [22:17]
EskimoBob and that's it [22:17]
mircea_popescu it figures :) [22:17]
EskimoBob I personally think this is the unfair part [22:17]
mircea_popescu to be honest, i originally imaghiend there'd be bankers stepping in to offer insured versions [22:17]
EskimoBob because you do not share your gain, when you do well [22:17]
mircea_popescu you could easily put a bond into mpoe, and on it offer your own insured bond at a lower % [22:17]
EskimoBob as simple as that [22:18]
mircea_popescu EskimoBob that's not an exact description, tho. [22:18]
mircea_popescu the bondholder gets a share of theoretical gain EACH MONTH [22:18]
mircea_popescu irrespective if variance makes the month's gain lower or smaller [22:18]
mircea_popescu except in the case where there's no gain [22:18]
mircea_popescu (aka, the math model is disproven in fact) [22:18]
EskimoBob no, they get the % - the coupon [22:18]
mircea_popescu which would be a deal breaker [22:18]
assbot [MPEX] [S.MPOE] 4839 @ 0.00031333 = 1.5162 BTC [-] [22:18]
assbot [MPEX] [S.MPOE] 26900 @ 0.00031727 = 8.5346 BTC [+] [22:18]
assbot [MPEX] [S.MPOE] 29905 @ 0.00032702 = 9.7795 BTC [+] [22:18]
mircea_popescu yes, but your % is made of two parts [22:18]
mircea_popescu the risk-free part for your capital [22:18]
EskimoBob do not confuse your gain as bonds share of your gain [22:18]
mircea_popescu and the risk premium [22:19]
mircea_popescu so, suppose risk free rate is i dunno, 1% a month ? [22:19]
mircea_popescu you get 5% [22:19]
mircea_popescu that extra 4% is your share of mpoe gain each month, hands ddown [22:19]
mircea_popescu except in the months where mpoe fails [to behave as expected] [22:19]
EskimoBob "Although the financiers do not receive any part of profits made by MPOE, their financing is not without risk, because their capital will be used to answer any shortfalls, proportionally. " [22:19]
EskimoBob this is the part that fuck it up a bit [22:19]
mircea_popescu listen. 5% a month comes to almost 100% a year. [22:20]
EskimoBob this is the equity guys problem [22:20]
mircea_popescu you can't seriously tell me this is the risk-free rate. [22:20]
EskimoBob not the bond holders problem [22:20]
EskimoBob this is a different story [22:20]
mircea_popescu ok. lets pause for a moment [22:20]
mircea_popescu and consider a CD tranche deal. [22:20]
mircea_popescu if you buy low tier, will you get hosed ? [22:20]
assbot [GLBSE] [YABIF] 1 @ 1 BTC [-] [22:20]
EskimoBob We are talking about how a good bond operates not what the fair % is [22:21]
mircea_popescu yeah. [22:21]
mircea_popescu im gathering that the main problem here is that i haven't carefully enough sepparated the two parts [22:21]
mircea_popescu ie, the insurance premium and the risk free rate, [22:21]
EskimoBob the % of coupon is meaningless in this context -- it's X [22:21]
mircea_popescu or otherwise, the coupon from the profit participation of the bondholder. [22:21]
assbot [GLBSE] [NYAN.B] 2 @ 0.98 = 1.96 BTC [-] [22:22]
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EskimoBob yes [22:22]
EskimoBob if you include a "premium" - aka fixed rate coupon + risk reward, then you have a FRN. [22:22]
EskimoBob if you only add " risk reward" if everything is OK, [22:23]
mircea_popescu i guess this is so. [22:23]
EskimoBob you are missing part of the deal [22:23]
mircea_popescu so basically what btc finance needs most atm is an insurer. [22:24]
EskimoBob and lets not forget - your proposed "risk reward" is fixed - hence nothing extra, if you do well but I get fucked you you get fucked [22:24]
smickles if ppl are buying the things as is, why would mpoe change how they do things to a better way which just happens to be a little worse for mpoe? [22:24]
EskimoBob call it mope-note, but not a bond :) [22:24]
mircea_popescu smickles it wouldn't be either better or worsde for mpoe, the % would just be smaller. [22:25]
mircea_popescu EskimoBob yeah, i guess so. [22:25]
mircea_popescu the thing is tho, bear with me. you have a math model that generates say 1%. [22:25]
EskimoBob I am not saying taht the instrument you have is bad [22:25]
smickles mircea_popescu: so then where would the funds to cover losses come from? [22:25]
EskimoBob not at all. [22:25]
mircea_popescu but due to variance this could in any given interval be either -x% or +x% [22:25]
smickles or am i just not thinking of this correctly [22:25]
EskimoBob I am just saying that this is not a bond as we know bonds [22:26]
mircea_popescu smickles i could easily issue bonds at a fixed rate and just shrug. it would break the current price discovery mechanism in the mpoe-bond inverse licitations tho [22:26]
mircea_popescu EskimoBob that's for sure. in fact nothing in btc is "like we know". [22:26]
EskimoBob smickles: in FRN you always have a fixed+floating [22:26]
mircea_popescu my curiosity was merely if this is the closest to a bond that we have. [22:26]
smickles EskimoBob: but the floating can't be negative, right? [22:27]
EskimoBob mircea_popescu: yes, until everything is OK [22:27]
mircea_popescu at lowest 0 [22:27]
mircea_popescu EskimoBob you mean for as long as everything is ok ? [22:27]
EskimoBob so you default on your coupon but pay back the principal ? [22:28]
smickles mircea_popescu: arn't those ppt.X things zero cupon bonds? [22:28]
mircea_popescu a those things. [22:28]
EskimoBob those are zeros and zeros [22:28]
copumpkin what bothers me more about the bonds is how people offering money for lending tie up their money even if mpoe never uses it [22:28]
mircea_popescu hmm, i guess it could be argued lol. except... [22:28]
smickles copumpkin: +1 [22:28]
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copumpkin I'd also be reluctant to call them bonds [22:29]
mircea_popescu copumpkin yeah, it's the #1 complaint i hear. but that's there to ensure competition tho [22:29]
EskimoBob copumpkin: and thst why lender MUST be rewarded! [22:29]
copumpkin but regardless, I'm not even going to try if there's a chance my money will get tied up for a period without any earnings on it at all [22:29]
EskimoBob or this is just no good [22:29]
copumpkin what it ensures, from most people I've spoken to, is very little money offered :P [22:29]
assbot [GLBSE] [TYGRR.BOND-PI] 1 @ 1.6 BTC [-] [22:29]
mircea_popescu well so far it was oversubscribed from what i see. [22:30]
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smickles mircea_popescu: wouldn't there be competition even w/o the 'tie up'? [22:30]
copumpkin mircea_popescu: that doesn't mean there was competition [22:30]
mircea_popescu smickles why would there be ? [22:30]
mircea_popescu copumpkin how do you figure ?! [22:30]
EskimoBob and this part: not getting paid If i did not use it" has to go too :) [22:30]
EskimoBob loan is a loan [22:30]
mircea_popescu EskimoBob if either of those go i'd have to take out the "pick your own %" [22:31]
EskimoBob use it or not - you still pay interest [22:31]
copumpkin mircea_popescu: oh, there might have been competition, but not as much as there might have been if you hadn't tied it up :) since many potential competitors might abstain from participating, just because of the risk, even if they were willing to offer low rates [22:31]
mircea_popescu and i don't want to, cause imo that's the main value of the entire thing, it allows me to have a mpbor [22:31]
EskimoBob mircea_popescu: take it out [22:31]
EskimoBob you can discount the bond or if they get oversubscribed, sell at premium [22:31]
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EskimoBob done every day [22:31]
mircea_popescu copumpkin i actually am thinking of taking the 5% rate out completely, and let it freefloat. [22:31]
mircea_popescu that'll be interesting. [22:32]
mircea_popescu how do you mean EskimoBob ? [22:32]
EskimoBob simple [22:32]
EskimoBob you set the rules when bond will be sold at discount and when at premium [22:32]
mircea_popescu it has to be actively managed. [22:33]
EskimoBob now you set the date etc [22:33]
mircea_popescu this is a big problem in btc cause it opens me up to being charged of various malfeasances. [22:33]
mircea_popescu seeing how everyone's anon. [22:33]
EskimoBob you sell all bond out at once - and depends, what was the demand, you rise or lower the price [22:33]
EskimoBob to get most investors [22:33]
mircea_popescu but i only know the demand retrospectively. [22:33]
EskimoBob there is no nee dto invent the wheel [22:33]
EskimoBob it's all available in the net [22:34]
mircea_popescu man. i only need what capital i need in august on august the 31st [22:34]
mircea_popescu what do i do, time travel ? [22:34]
EskimoBob so you set the date, coupon and maturity and price [22:34]
EskimoBob and go from there [22:35]
mircea_popescu i think we're talking at crosspurposes. [22:35]
mircea_popescu how can i get capital for august 5 on august the 31st ? [22:35]
EskimoBob maybe you sell some at discount to secure larger part and those who wait, get shittier price [22:35]
EskimoBob no, you need to get it upfront [22:35]
mircea_popescu i don't know how much i need upfront. [22:35]
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EskimoBob make a plan :) honestly [22:36]
mircea_popescu i can't. [22:36]
mircea_popescu sometimes options sell some other times they do not. [22:36]
mircea_popescu how do i plan for the future when the very essence of this future is the unknown ? [22:36]
copumpkin same way most companies do? :P [22:36]
EskimoBob and now we are at what I told you earlier - bond is not a good way to finance stuff like that [22:36]
mircea_popescu copumpkin yeah buit companies have something to go on. i scarcely do. [22:37]
mircea_popescu EskimoBob now that's a point. [22:37]
EskimoBob mircea_popescu: do you wriet the options? [22:37]
mircea_popescu well, there's a bot, but it's my bot so yeah. [22:37]
mircea_popescu altho people also write their own. [22:37]
EskimoBob puts and calls or is there someone else, who writes them (seller) [22:37]
mircea_popescu it varies, atm i have written a lot of calls, others wrote a lot of puts. [22:38]
EskimoBob so how thy back up their options? [22:38]
mircea_popescu they deposit. [22:38]
EskimoBob dud, you write calls whn you hope the market drops [22:38]
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mircea_popescu i write both at all times, at some prices. [22:39]
mircea_popescu it is after all a market maker. [22:39]
EskimoBob do you let people write so called naked options? [22:39]
mircea_popescu nope. [22:39]
smickles nope [22:39]
EskimoBob do I understand you correclty that you need the funds to cover your options? [22:40]
mircea_popescu naked options are the bane of finance. [22:40]
EskimoBob naked women too [22:40]
smickles EskimoBob: yeah, he holds 'surety' for written options [22:40]
mircea_popescu EskimoBob the way mpoe is set-up it's a 0 capital venture. it has no capital of its own. [22:40]
EskimoBob and you still have none? [22:40]
mircea_popescu all it makes is pushed to shareholders and bondhoders [22:40]
mircea_popescu it can never have any. [22:41]
smickles well, surety for 'customer writen options' [22:41]
mircea_popescu that's the customer's. [22:41]
EskimoBob now lets rewind a bit. [22:41]
EskimoBob you need to figure out how to accumulate some wroking capital and stop sending it out to share holders and what not [22:42]
EskimoBob it's pointless [22:42]
smickles i think that's against the business model [22:42]
assbot [MPEX] [S.MPOE] 3995 @ 0.00032702 = 1.3064 BTC [+] [22:42]
assbot [MPEX] [S.MPOE] 958 @ 0.00033029 = 0.3164 BTC [+] [22:42]
assbot [MPEX] [S.MPOE] 48200 @ 0.00033304 = 16.0525 BTC [+] [22:42]
assbot [MPEX] [S.MPOE] 16847 @ 0.00033585 = 5.6581 BTC [+] [22:42]
mircea_popescu what do you mean "pointless" ? [22:42]
mircea_popescu not holding on to money has at least the very good quality of reducing risk. [22:43]
EskimoBob is you businesmodel to pay for money you can get for lot less? [22:43]
mircea_popescu just look at bitcoinica to understand. [22:43]
mircea_popescu yes. [22:43]
EskimoBob bitcoinic was a joke [22:43]
mircea_popescu if i wanted to run mpoe as a private thing i could have continued to do so, indefinitely. [22:43]
mircea_popescu my goal is to develop btc financials tho. [22:43]
EskimoBob if you pay less often your divs, do your shareholders income go up or down? [22:44]
assbot [GLBSE] [ASICMINER] 100 @ 0.1 = 10 BTC [+] [22:44]
mircea_popescu they've always been paid monthly. [22:44]
EskimoBob as total [22:44]
mircea_popescu but i think a laeger share of the price is due to the company/prospects than to the direct dividend. [22:44]
mircea_popescu seeing how miner bonds trade at arround 30-35x their dividend and mpoe seems more like 300x [22:45]
smickles EskimoBob: down due to loss of timevalue of money [22:45]
EskimoBob pass a motion to accumulate some for operations [22:45]
mircea_popescu why ? [22:45]
EskimoBob oh lets not start that BS especially in a case, where you buy money for more than you have to :) [22:45]
smickles his argument is lower operational costs means a higher dividend [22:45]
mircea_popescu im not sure i follow this. [22:46]
EskimoBob sorry. lets me expl. what I mean [22:46]
smickles if mpoe actually held some capital, it wouldn't have to buy money [22:46]
smickles or at least not as much [22:46]
EskimoBob one more question. have you done any fin planning for a company? [22:46]
mircea_popescu yes. [22:46]
EskimoBob ok, so this can not be to hard then [22:47]
EskimoBob you can plan your options business - yes (no is not accepted :) [22:47]
mircea_popescu depends what you mean by plan. [22:48]
mircea_popescu if you mean limit then yes. [22:48]
EskimoBob yes, this is what I mean. But lets not forget, it can grow too. And this is what you do: you figure out what you can manage per month [22:49]
mircea_popescu i do not wish to limit it. [22:49]
EskimoBob you use real bond or issue shares to finance it [22:49]
mircea_popescu the btc market is by its nature in a position where those liniar assumptions are harmful. [22:49]
EskimoBob so you can service your debt [22:49]
EskimoBob now, [22:49]
mircea_popescu EskimoBob : again, i could easily just use my own capital to finance all of it. [22:49]
mircea_popescu it never used more than 10k iirc, and i'm significantly above that, personally. [22:50]
EskimoBob so what is your problem? Why do you buy money at some absurd rate? [22:50]
mircea_popescu because i want to create a refinance market for btc. [22:50]
EskimoBob but you need money to make money :) [22:50]
mircea_popescu which currently does not exist. [22:50]
mircea_popescu in part because of scam assets like ppt, in part because the boneheaded idiots on the forum are playing ther citizen dentist [22:50]
mircea_popescu in part for other reasons. [22:51]
smickles mircea_popescu: suppose the 'bonds' people subscribe to were done with a multisig transaction some how where the lender could recall the funds before they are used (or marked for use) by mpoe? [22:51]
mircea_popescu but i have done my math and i think i am large enough to push this through. [22:51]
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* kakobrekla is now known as assbot [22:51]
mircea_popescu smickles this is already there, people can just notify they want their money back [22:51]
smickles ah [22:51]
* assbot is now known as kakobrekla [22:52]
mircea_popescu is kakobrekla gonna start spuirting asset lines now ? :D [22:52]
smickles mircea_popescu: is there any way to find out if the funds are going to (or likely to) be used? [22:52]
mircea_popescu well, not really. and any way you can't recall them during their current month. [22:52]
smickles lol, quick, make a trade ! [22:52]
kakobrekla mircea_popescu, i added mpex dividend payments to assbot [22:53]
mircea_popescu suppose month ends on 28th july, 31st of august [22:53]
mircea_popescu if you send money on the 5th of august you can ask for it back on the 20th [22:53]
kakobrekla and another feature soon to be revealed [22:53]
mircea_popescu but anyway it's not used till the 31st. [22:53]
mircea_popescu kakobrekla o cool! [22:53]
mircea_popescu which is why most people send towards the end of a month. [22:53]
EskimoBob i think your model is "upside down" [22:54]
mircea_popescu aha ? [22:54]
EskimoBob the moment you plan and finance it the other way around, you will have a good bond buyers market [22:54]
mircea_popescu mmm. ellaborate on this. [22:54]
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EskimoBob yes, in this case you need to take the risk but you can plan your exposure for a starting month in options market and start accumulate capital to run it properly [22:56]
mircea_popescu "properly" [22:56]
EskimoBob if you write options, you can cover your ass well [22:56]
mircea_popescu i don't believe we need to try and replicate fiat instruments in btc. [22:56]
EskimoBob it's not that big deal - unless you get greedy [22:56]
mircea_popescu i believe we need to proceed deductively based on btc principles and come up with functional instruments [22:56]
smickles mircea_popescu: what you should do is allow it to automatically purchase and run from algorhithmicaly determined hosting services while also setting up all the manual operations in automatic form. Then, release it like one of those 'lucky lantern' things [22:56]
mircea_popescu which, probably, will be very contorted in fiat terms. [22:57]
* ChanServ gives channel operator status to kakobrekla [22:57]
mircea_popescu smickles maybe. except the problem of ipo. [22:57]
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EskimoBob copy with pride! no need to waste time on inventing wheels [22:57]
mircea_popescu trust me, i have no problem copying what works. [22:58]
mircea_popescu the issue here is tat most of fiat is rotten to the core and unusable. [22:58]
EskimoBob forget the fiat [22:58]
mircea_popescu fake floaters. they have a bad reputation in fiat [22:58]
EskimoBob you have no need for it in this model [22:58]
mircea_popescu for the reason recently discovered : libor was fixed. [22:58]
mircea_popescu people always knew libor is shit. [22:58]
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EskimoBob it's the people, not the instrument :) [22:59]
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* ChanServ gives channel operator status to assbot [22:59]
kakobrekla EskimoBob, try it now [22:59]
kakobrekla :p [22:59]
EskimoBob !pl ZIP.A 500@0.95 2012-07-29 [22:59]
assbot Requesting data from GLBSE (might take a while). [22:59]
assbot ZIP.A [500@0.95BTC] (since: 2012-07-29) paid: 2.76743 BTC. Last price: 0.51 BTC. Capital gain: -22 BTC. Total: -217.23257 BTC. (-45.7%) [22:59]
mircea_popescu !help [23:00]
EskimoBob yess! :) [23:00]
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EskimoBob !pl [23:00]
assbot !pl [@] [] [23:00]
kakobrekla no help mircea_popescu :( [23:00]
mircea_popescu ok whats the pl do then ? [23:00]
EskimoBob profit loss calc [23:00]
* kakobrekla removes channel operator status from kakobrekla [23:00]
mircea_popescu mmm [23:01]
EskimoBob !pl GIGAMINING 10@1.145 2012-08-03 [23:01]
assbot Requesting data from GLBSE (might take a while). [23:01]
kakobrekla !pl gigamining 1 [23:01]
mircea_popescu !pl GIGAMINING 900@.9 2012-04-15 [23:02]
EskimoBob i think it needs to send e-mail to nefario every time it waits :) [23:02]
assbot GIGAMINING [10@1.145BTC] (since: 2012-08-03) paid: 0.34825 BTC. Last price: 1.139599 BTC. Capital gain: -0.05401 BTC. Total: 0.29424 BTC. (2.6%) [23:02]
assbot Requesting data from GLBSE (might take a while). [23:02]
mircea_popescu o wow one at a time huh [23:02]
kakobrekla ye [23:02]
assbot GIGAMINING [1@1BTC] paid: 0.38322596 BTC. Last price: 1.139599 BTC. Capital gain: 0.139599 BTC. Total: 0.52282496 BTC. (52.3%) [23:02]
assbot Requesting data from GLBSE (might take a while). [23:02]
kakobrekla get in line [23:02]
kakobrekla :> [23:02]
assbot GIGAMINING [900@0.9BTC] (since: 2012-04-15) paid: 344.903364 BTC. Last price: 1.139599 BTC. Capital gain: 215.6391 BTC. Total: 560.542464 BTC. (69.2%) [23:02]
smickles mircea_popescu: what? ppl cant hold shares in some autonomous program with no human controller? what's the problem of ipo in that situation? [23:02]
mircea_popescu that you can't let random idiots ipo. [23:03]
smickles ah [23:03]
mircea_popescu once you have to have human hands in there [23:03]
mircea_popescu the entire lantern collapses. [23:03]
mircea_popescu (just to show you i did consider things there( [23:03]
smickles what if it were just an options 'lantern' [23:04]
EskimoBob !pl GIGAMINING 2012-08-01 [23:04]
assbot Requesting data from GLBSE (might take a while). [23:04]
mircea_popescu what if the math model proves it could benefit from some tweaking ? [23:04]
assbot GIGAMINING [1@2BTC] paid: 0.38322596 BTC. Last price: 1.139599 BTC. Capital gain: -0.860401 BTC. Total: -0.47717504 BTC. (-23.9%) [23:04]
kakobrekla aha [23:04]
kakobrekla buggy [23:04]
EskimoBob indeed [23:05]
kakobrekla lemme fix [23:05]
EskimoBob it still uses the date [23:05]
kakobrekla yup [23:05]
kakobrekla it will spit out error now [23:05]
mircea_popescu better make it use defaults than spit error [23:05]
smickles mircea_popescu: damn. you'd need some fairly sweet AI [23:05]
kakobrekla there is no defaults [23:06]
mircea_popescu smickles i just think we're not there yet :p [23:06]
kakobrekla with the price [23:06]
EskimoBob if no price, use 1 share [23:07]
EskimoBob 1 is/can be the default kakobrekla [23:07]
kakobrekla it uses one share when no nb shares is specified [23:07]
kakobrekla but when no input price [23:07]
kakobrekla it will break [23:07]
kakobrekla !pl [23:07]
assbot !pl [@] [] [23:07]
EskimoBob OK; I see [23:08]
kakobrekla whats in [] is optional [23:08]
smickles mircea_popescu: how about the lantern is just the options exchange, the market is made by it's users and your /independant/ market making bot [23:08]
EskimoBob you know it only answers to 10 requests form same IP in 60 sec [23:08]
EskimoBob or was it 20*? [23:09]
EskimoBob 20? [23:09]
smickles that way the market maker's code can be updated [23:09]
EskimoBob smickles: bots are evil [23:09]
smickles EskimoBob: yeah, but we can't leave evil out of sci-fi stuff like this [23:10]
smickles besides, the whole thing would be a bot anyway [23:10]
EskimoBob but writing rules when somone can and can not write options is not that hard [23:10]
EskimoBob or even buy [23:10]
EskimoBob and lets not forget the joys of margin trading :) [23:11]
EskimoBob all math - no emotions [23:11]
mircea_popescu smickles maybe. i think it;s pretty close to that as it is. [23:11]
smickles imo, the hard part is getting it to find, acquire, and setup the hosting [23:12]
smickles of itself [23:12]
smickles OF ITSELF!!! [23:12]
EskimoBob you have long term investors, holding large piles of stocks and turds? You can borrow securities and not frack around with bond issues to finance it [23:12]
mircea_popescu smickles especially a hosting that won't pull a linode [23:12]
EskimoBob all expenses are passed to clients who write options [23:13]
EskimoBob risk too :) [23:13]
mircea_popescu whazzat EskimoBob ? [23:13]
EskimoBob and you keep the collateral [23:13]
EskimoBob this is how it's done [23:13]
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mircea_popescu btw, im curious if anyone owning mining bonds at any point ever owned a perpetual frn. [23:14]
mircea_popescu (i have, both, but i mean anyone else) [23:15]
EskimoBob you keep their BTC and other sec a collateral if the options start to go rally bad [23:15]
EskimoBob there is no frn in GLBSE ... I think. [23:15]
mircea_popescu i meant irl. [23:16]
mircea_popescu (you can make synthetic frns from a fixed-rate bond like you favour and a swap, you know) [23:16]
EskimoBob afk now [23:17]
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smickles mircea_popescu: i wonder if i'm replicating your database tables, just with different names [23:21]
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mircea_popescu why that ? [23:22]
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smickles mircea_popescu: well, i'm making db tables of my own to hold data for mpex sub-accounts [23:23]
mircea_popescu ah hehe [23:23]
mircea_popescu not unless you include nudie pics. [23:23]
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* ChanServ gives channel operator status to assbot [23:25]
kakobrekla !pl GIGAMINING 2012-08-01 [23:25]
assbot Requesting data from GLBSE (might take a while). [23:25]
assbot Invalid price supplied. [23:25]
kakobrekla !pl GIGAMINING 1 2012 [23:25]
assbot Requesting data from GLBSE (might take a while). [23:25]
assbot Ignoring invalid date. [23:25]
smickles ok, i should call this thing "smickles' MPEX" or "SMEx" for short [23:25]
assbot GIGAMINING [1@1BTC] paid: 0.38322596 BTC. Last price: 1.139599 BTC. Capital gain: 0.139599 BTC. Total: 0.52282496 BTC. (52.3%) [23:26]
kakobrekla well its gonna stay like this for now [23:26]
kakobrekla its slow as fuck because of glbse [23:27]
kakobrekla and 2 seperate calls [23:27]
kakobrekla one on site one on api [23:27]
kakobrekla meh [23:27]
mircea_popescu smex lol [23:27]
kakobrekla enjoy [23:27]
smickles or SmEX [23:27]
mircea_popescu kakobrekla it is incredibly slow innit. [23:27]
kakobrekla ye [23:27]
smickles url: https://mostofmany.com/get/smex [23:29]
smickles that will work out great [23:29]
smickles (nothing at that url yet) [23:29]
mircea_popescu your cert is bad [23:29]
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* ChanServ gives channel operator status to assbot [23:30]
kakobrekla spam! [23:30]
smickles mircea_popescu: lol, it's the apache default cert [23:30]
assbot [GLBSE] [FPGAMINING] 8 @ 0.94 = 7.52 BTC [+] [23:31]
assbot [GLBSE] [FPGAMINING] 5 @ 0.89 = 4.45 BTC [-] [23:31]
assbot [GLBSE] [YABIF] 1 @ 1 BTC [-] [23:31]
assbot [GLBSE] [GIGAMINING] 4 @ 1.139599 = 4.5584 BTC [+] [23:31]
assbot [GLBSE] [TYGRR.BOND-P] 9 @ 1.0495 = 9.4455 BTC [+] [23:31]
assbot [GLBSE] [ZETA-MINING] 2 @ 0.2 = 0.4 BTC [-] [23:31]
assbot [GLBSE] [TYGRR.BOND-P] 27 @ 1.0498 = 28.3446 BTC [+] [23:31]
assbot [MPEX] [F.GIGA.ETF] 8500 @ 0.00109162 = 9.2788 BTC [-] [23:31]
assbot [GLBSE] [TYGRR.BOND-P] 14 @ 1.0499 = 14.6986 BTC [+] [23:31]
assbot [GLBSE] [NASTY] 4 @ 0.545 = 2.18 BTC [-] [23:31]
assbot [GLBSE] [BIB.BVPS] 3 @ 0.0044 = 0.0132 BTC [-] [23:31]
assbot [GLBSE] [DMC] 100 @ 0.05 = 5 BTC [-] [23:31]
assbot [GLBSE] [PLATINUM] 5 @ 0.01 = 0.05 BTC [+] [23:31]
assbot [GLBSE] [ASICMINER] 10 @ 0.1 = 1 BTC [+] [23:31]
assbot [GLBSE] [ASICMINER] 50 @ 0.1 = 5 BTC [+] [23:31]
mircea_popescu lol assbot woke up [23:31]
assbot [GLBSE] [RAREEARTH] 1 @ 0.00997 BTC [+] [23:31]
assbot [GLBSE] [FUTUREFUND] 30 @ 0.00011485 = 0.0034 BTC [+] [23:31]
assbot [GLBSE] [NYAN.C] 27 @ 1.08 = 29.16 BTC [-] [23:31]
assbot [GLBSE] [ASIC.COOP] 1 @ 0.65 BTC [-] [23:31]
assbot [GLBSE] [BTCMC] 4 @ 0.7299 = 2.9196 BTC [+] [23:31]
assbot [GLBSE] [BTCMC] 3 @ 0.73 = 2.19 BTC [+] [23:31]
assbot [GLBSE] [BTCMC] 1 @ 0.78999999 BTC [+] [23:31]
assbot [GLBSE] [BTCMC] 2 @ 0.79 = 1.58 BTC [+] [23:31]
kakobrekla backlog cleared :p [23:32]
assbot [MPEX] [S.MPOE] 16590 @ 0.00033585 = 5.5718 BTC [+] [23:32]
assbot [MPEX] [S.MPOE] 7110 @ 0.00033872 = 2.4083 BTC [+] [23:32]
assbot [MPEX] [O.HASH.P10TH] 85000 @ 0.02208546 = 1877.2641 BTC [-] [23:32]
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assbot [GLBSE] [BDK.BND] 9 @ 0.102748 = 0.9247 BTC [+] [23:36]
* DeaDTerra has quit (Read error: Connection reset by peer) [23:41]
* DeaDTerra (~terragubb@226.169.216.81.static.apv.siw.siwnet.net) has joined #bitcoin-assets [23:43]
* brendio has quit (Quit: brendio) [23:47]
* brendio (~brendio@nrbg-4d0724f7.pool.mediaWays.net) has joined #bitcoin-assets [23:48]
* asa has quit (Ping timeout: 246 seconds) [23:48]
assbot [GLBSE] [TEEK.B] 1 @ 1.09 BTC [-] [23:54]
assbot [GLBSE] [YABIF] 1 @ 1 BTC [-] [23:55]
assbot [GLBSE] [TYGRR.BOND-PI] 1 @ 1.6 BTC [-] [23:57]
———
  1. 50 * 10000000000000)/((2190866 * 2^32 [↩]
Category: Logs
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