Forum logs for 16 Apr 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
Azelphur owait bad idea, it'll break things haha [00:00]
mcorlett Azelphur: You can set anything before the first pipe to upper case. [00:07]
rawrmage Azelphur: you're slamming uppers? [00:07]
Azelphur mcorlett: could do [00:07]
Azelphur rawrmage: hell yea o/ [00:07]
Azelphur rg: there we go, pushed a few improvements [00:14]
ageis Azelphur: its --list-sigs [00:15]
ageis typically keys that have been signed need to be sent to a keyserver to propagate [00:15]
Azelphur hehe, looks like the library doesn't have any capability to do that anyway [00:16]
ageis the python module? [00:16]
Azelphur yep [00:19]
mircea_popescu Azelphur --delete-key [00:20]
Azelphur I assume the output I've pasted on https://github.com/Azelphur/pyMPEx is safe? [00:21]
mircea_popescu vragnaroda y u so capitalist ? [00:21]
Azelphur if not, I'm screwed haha [00:21]
mircea_popescu slamming uppers is a good ideea in context btw. [00:21]
mircea_popescu most windows blondusers can't administrate capslock on their own [00:22]
mircea_popescu Azelphur i don't see why it wouldn't be safe. [00:22]
mircea_popescu it's kinda made so people can show it. [00:23]
Azelphur cool [00:23]
Azelphur :) [00:23]
Azelphur just being sure as I don't fully understand it [00:23]
mircea_popescu Make sure you have signed MPEx's key using "gpg --sign-key F1B69921" [00:23]
mircea_popescu before that add a [00:23]
mircea_popescu gpg --search-keys "F1B69921" [00:23]
mircea_popescu and make sure you put a " before F! [00:24]
Azelphur mircea_popescu: the code checks if you havn't done it and tells you to do it now. [00:24]
mircea_popescu cool [00:24]
mircea_popescu this is getting pretty good. [00:24]
Azelphur :) [00:24]
Azelphur mircea_popescu: with the whole broker idea you was talking about, the idea would be for me to create a universal easy to use front end to all exchanges, and take a small fee, right? [00:25]
Azelphur and, you don't mind about your fee? [00:25]
mircea_popescu sure. [00:25]
Azelphur apart from I think you take percentages [00:25]
mircea_popescu exactly. [00:25]
Azelphur fun [00:25]
Azelphur The main thing that worries me about doing it is the security of it [00:25]
Azelphur I do not wanna be another one of those fools who got robbed, haha [00:26]
mircea_popescu ya well... [00:27]
mircea_popescu there's no work without risk [00:27]
Azelphur hehe [00:28]
Azelphur I think I'd either say "I take no responsibility for if we get hacked and stuff goes missing" [00:28]
Azelphur or get some form of insurance [00:28]
kakobrekla hehe yeah [00:30]
kakobrekla i was talking to keefe long time ago [00:30]
kakobrekla for insuring an exchange i had coded [00:30]
kakobrekla but i changed my mined and didnt release it. [00:30]
kakobrekla mind [00:30]
Azelphur haha, why not? [00:30]
kakobrekla i had several reasons at the time [00:31]
Azelphur anything that I'd be likely to bump into? [00:31]
kakobrekla well dunno what are you planing [00:32]
Azelphur some kind of easy multi-exchange frontend to tie it all together [00:32]
kakobrekla the funny part is bitscalper wanted to buy my code [00:32]
kakobrekla hehe [00:32]
Azelphur hehe [00:32]
mircea_popescu o hey, shakaru is issuing a 10mh/s bond [00:38]
kakobrekla WAT [00:38]
* mircea_popescu removes troll status from mircea_popescu [00:38]
* Now talking on #bitcoin-otc-eu [08:21]
* Topic for #bitcoin-otc-eu is: Eurozone #bitcoin-otc || http://bitcoin-otc.com || Include hash tag #eu in order notes to group -eu orders. || View all tagged -eu orders here: http://bitcoin-otc.com/vieworderbook.php?notes=%23eu || Exchange rates: !bc,convert CURRENCYCODE || GET BTC WITH ukash/paysafecard ... /msg neliskybot help || options-> http://polimedia.us/btc [08:21]
* Topic for #bitcoin-otc-eu set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Sun Apr 8 19:49:35 2012 [08:21]
mircea_popescu ahhh, good morning otc ppls [08:22]
mircea_popescu o wow fuck me who bought all my shares! [08:23]
mod6 hi! [08:23]
mod6 I just saw it hit the ticker a bit ago, someone bought all the MPOE :D [08:23]
mod6 well, two seperate trades at last spot price. [08:23]
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smickles mircea_popescu ! [08:25]
mircea_popescu hey there smickles, mod6 [08:25]
smickles you've seen this https://bitcointalk.org/index.php?topic=67535.msg852714#msg852714 ? [08:25]
mircea_popescu mpoe is selling too fast atm lol [08:26]
mircea_popescu 1 sec, rebuilding the book then i look [08:26]
smickles mircea_popescu: no rush :) [08:28]
smickles the main thing I take from it is EPS above price [08:31]
smickles lol [08:31]
mircea_popescu Diluted Earnings per common share.............. 0.21279319 [08:32]
mircea_popescu THIS. [08:32]
mircea_popescu you've made 0.212 earnings per share on the 1st month when the shares were ipo'd at .1 to begin with ? [08:32]
mircea_popescu this will prolly go down in the history books. [08:32]
smickles I dunno about history, but it's certainly good [08:35]
mod6 If they don't, they should, because this is beautiful. [08:39]
mod6 :D [08:41]
mircea_popescu i like how the volume bars look on s.mpoe now [08:41]
mircea_popescu it's like... lol. [08:41]
smickles relatively nil volume… right? [08:43]
mircea_popescu well ya, everything pales compared to today [08:44]
mircea_popescu when i went to bed they were you know, nice volume bars minding their own biz [08:44]
mircea_popescu now... gone. melted away. [08:44]
mod6 yeah, the other bars from before were squashed on vol. for sure. [08:46]
mod6 heheheh [08:46]
mircea_popescu *smush* lol [08:47]
smickles mircea_popescu: are those 'minicharts' newest on the left? [08:49]
mod6 smickles: yeah, newest is on left. [09:04]
mod6 well guys, im gonna get some sleep for a change :} [09:05]
mod6 night! [09:05]
mircea_popescu nn [09:09]
mircea_popescu yes smickles, they go left to right [09:09]
smickles nn, thx mod6 [09:09]
smickles heh, yeah, I don't know why I thought otherwise [09:09]
mircea_popescu well cause usually graphing is done right to left for some reason [09:10]
mircea_popescu i really can't believe how poorly difficulty is doing, what with all the bfls and other fpgas supposedly going itno production. [09:11]
smickles wow, that bet would have fucked me, wouldn't it [09:14]
mircea_popescu :p [09:33]
mircea_popescu does anyone here understand how the ipo works on glbse ? [09:33]
mircea_popescu originalyl i thought its straight sell, but apparently not ? [09:33]
mircea_popescu ritish Peer Lord Ahmed suspended after 'offering £10m bounty on Barack Obama and George Bush' [09:34]
mircea_popescu british peer lord ahmed ? this is too funny [09:35]
amiga4000 !bc,convert eur [09:48]
gribble 1 BTC = 4.92494 U.S. dollars = 3.78230551 Euros [09:48]
mircea_popescu hehe amiga4000 what you think will be tomorrow ? [09:53]
amiga4000 Tomorrow will be tuesday [09:54]
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mircea_popescu lol i meant for prices [10:22]
* amiga4000 is now known as Amiga4000 [10:22]
Amiga4000 I am not the fortune teller [10:22]
Amiga4000 can be 10, can be 1, can be zero, whatever [10:22]
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mircea_popescu fair enough. [10:34]
brznbtni hi ppl [10:44]
brznbtni moin [10:44]
brznbtni etc [10:44]
brznbtni wooooooooohoooooooooo [10:44]
brznbtni smickles: [10:44]
brznbtni tomorrow is the 17th [10:44]
brznbtni !!!!!!!!!!!!!!! [10:44]
gribble Error: "!!!!!!!!!!!!!!" is not a valid command. [10:44]
brznbtni :D [10:44]
brznbtni but I always lose my passwords and shit.. will try to find my GLBSE account information [10:45]
rg mmm [11:03]
rg score [11:03]
rg got backups working [11:03]
rg new box installed [11:03]
rg tweaked [11:03]
Amiga4000 no one wants backup. Everyone wants restore! [11:04]
rg you can restore a vm [11:07]
rg actually i think only i can restore it [11:07]
rg but you can make it! [11:07]
rg mircea [11:08]
rg you here [11:08]
rg i have some questions for you [11:08]
rg not related to mpex [11:08]
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mircea_popescu heya rg! [11:46]
mircea_popescu shoot [11:46]
mircea_popescu (and if you actually highlight me then i'm... you know, highlighted and stuff) [11:47]
rg umm [12:17]
rg now i forget [12:17]
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rg hrm [12:46]
rg what hte hell was it [12:46]
kakobrekla mornin [13:07]
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markedathome mircea_popescu: if dev.glbse.com is up you can play with the ipo mechanism. you use any email addr, andget 1000 btc to play with. [14:04]
mircea_popescu yea but [14:05]
mircea_popescu is this glbse some sort of wild beast that needs to be documented and researched ? [14:05]
mircea_popescu i'd rather just read/be told how exactly it works [14:05]
markedathome there are a couple of guides, but mostly they are for purchasers, not asset issuers. [14:06]
markedathome mila has probably done more work on that then anyone else in terms of documenting it. [14:07]
markedathome as far as i know it's pay 8btc, give dox/phone/socialnetworking info to nefario, put up asset, with no. of shares and price. [14:08]
markedathome the ipo is launched at a particular time with a timer so you don't need to push a button at a particular time. [14:09]
mircea_popescu ya but i mean just the pricing [14:09]
mircea_popescu see, suppose i make 1000 stocks. now what ? [14:09]
markedathome you can decide what you want; put up a sell order at 1000@ [14:10]
mircea_popescu there's 3 ppl, one bids 5btc for 1000 the other 6 for 500 the 3rd 7 for 300 [14:10]
mircea_popescu that's it, straight sell ? [14:10]
mircea_popescu for some reason i tohught there's some auction model [14:10]
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markedathome yes, you can have people put up prebids, and you can hand out shares through the transfer method before IPO, or only put a portion in. [14:11]
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markedathome damn it, slow handclap for kvirc authors ctrl-z shouldn't kill it. [14:14]
mircea_popescu ouch lol [14:16]
mircea_popescu so that's kinda what i was interested on, how do prebids work. [14:16]
markedathome anyway, from what i remember of your post if you had buy 1@1, 1@1.1 1@1.2 and issued at 1.1 then the 1.2 order would be filled at 1.1 automatically [14:17]
markedathome first order is preferred at each price. [14:17]
markedathome or oldest bid, or whatever it is called. (not a finance person, so still trying to get caught up) [14:19]
mircea_popescu yeah. [14:22]
markedathome i think a bit of experimentation is needed to see what happens at ipo. however pre-orders can be swapped through the share transfer which is what gigamining did for his [14:27]
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mircea_popescu yeah [15:45]
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kakobreklaa mircea_popescu https://bitcointalk.org/index.php?topic=76515.0 [21:59]
kakobreklaa heh [21:59]
kakobreklaa out of control [21:59]
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mircea_popescu heya [22:13]
mircea_popescu lmao [22:14]
vragnaroda You were accused of sock puppetry because instead of paying someone to say shit for you, you must be saying it yourself! [22:15]
markedathome > Mkay, so I'm gathering we don't yet have the financial/intellectual wherewithal for CDOs in the community? [22:15]
markedathome rofl [22:15]
mircea_popescu o isee [22:16]
vragnaroda There are definitely people that'd be interested in that, but I don't think they spend all their time hanging out on the lending forum. [22:16]
mircea_popescu i am sorry i fail to live to the standards of profesionalism. [22:16]
mircea_popescu as established by blablatalk.com [22:16]
vragnaroda lol [22:16]
mircea_popescu where'd they spend their time ? [22:17]
markedathome well seeing as the lending forum only got it's act together ^H^W^HW professionalism in the last couple of months [22:17]
mircea_popescu and since we;'re doing tghis, check out for the lulz https://bitcointalk.org/index.php?topic=76506.0 [22:18]
mircea_popescu so a bloke made deposit orders for 20, 2000 and finalyl 200 btc, which he paid. [22:20]
mircea_popescu these zeroes... [22:20]
mircea_popescu lucky i have the final digits id system or else it'd be damned confusing lol [22:20]
mircea_popescu but anyway, back to the cdo issue : the situation as i see it now is a lot of small, unvetted and unvettable borrowers doing insane %s, and a lot of defaulting. [22:29]
mircea_popescu seems to me pretty much the only viable way to securitize somewhat that market is with large and very transparent cdos [22:30]
mircea_popescu maybe im missing some angles tho. [22:30]
markedathome how would/could you cope with shakaru type debts. [22:30]
mircea_popescu if the cdo's are transparent shakaru can't happen [22:30]
mircea_popescu that sort of congame relies on the market being opaque, as it is now. [22:31]
mircea_popescu as in, people don't even know their 1k btcs is really 5% of the guy's total loans [22:31]
markedathome the lending forum has formalised quite a bit within the last two months, as from the beginning of march there was an article on one of the tor hacking forums that bitcointalk lenders were suckers [22:32]
markedathome and now you have the ppt pirate pass through bonds issue [22:32]
markedathome which are almost all the major lenders on that board [22:32]
kakobreklaa >>as from the beginning of march there was an article on one of the tor hacking forums that bitcointalk lenders were suckers [22:32]
kakobreklaa lol [22:32]
mircea_popescu which is practically a shoddily done informally specified cdo [22:33]
vragnaroda rofl [22:33]
mircea_popescu reminds me of that lips saying. [22:33]
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markedathome burtwagner is one of the guys in PPT, and was one of those in your cdo thread [22:33]
mircea_popescu ppt = ? [22:34]
mircea_popescu a pass through k [22:34]
markedathome Pirate's Pass Through [22:34]
kakobreklaa a bunch of horse shit [22:35]
mircea_popescu it's a little weird as there seems to exist a contingent of socially awkward and technologically inept people who mostly grouped around lending and bitcointalk [22:35]
mircea_popescu im not entirely sure why they're so butthurt tho. [22:35]
markedathome basically the PPT lenders have accounts at BSAT (or whatever used to be Pirates S&T) that get high interest, they are relending at say 8-10% over 5-14 days [22:35]
vragnaroda http://i.imgur.com/g58A2.jpg <-- wtf [22:37]
mircea_popescu you mean reborrowing markedathome ? [22:37]
mircea_popescu lmao vragnaroda [22:37]
mod6 vragnaroda: darwin in action. [22:38]
mircea_popescu well apparently they're recuperating, praise jeebus. [22:39]
mod6 haha, so darwin loses on that one. [22:39]
mod6 but, he wins overall i'm betting. [22:39]
markedathome i''m not entirely sure. AFAIK ppt deposit funds to BSAT in the range 1000-2000BTC and get 1% a day, (there are 20 shares of PPT at 100BTC a share) [22:39]
mircea_popescu wait. i thought pirate was supposed to have > 50k bitcoins from ppl. [22:40]
markedathome he does [22:40]
mircea_popescu mk, so i sent vragnaroda's pic to womenz i talk to. everyone says they saw it [22:41]
mircea_popescu apparently it was on reddit/popurls/everywhere else [22:41]
mircea_popescu vragnaroda my son, i r dissapoint. [22:41]
markedathome my understanding is that the interest that ppt gets from pirate would outweigh any single->low number of defaulters for the low amounts that PPT would lend. [22:43]
markedathome along with the interest repaid by borrowers [22:43]
nelisky ;;rated merlin1234 [22:45]
gribble You rated user merlin1234 on Sun Mar 25 07:44:17 2012, giving him a rating of 2, and supplied these additional notes: multiple successful trades. [22:45]
vragnaroda mircea_popescu: What? [22:45]
nelisky rate merlin1234 3 many trades done, great buyer [22:45]
nelisky ;;rate merlin1234 3 many trades done, great buyer [22:45]
gribble Rating entry successful. Your rating for user merlin1234 has changed from 2 to 3. [22:45]
nelisky oops [22:45]
mircea_popescu what ? sounds like a windows error. ok/cancel. [22:46]
kakobreklaa lol [22:46]
mod6 ha! [22:46]
mod6 Ok [22:46]
mircea_popescu hmm gribs is sure slow today [22:47]
BTC_Bear He needs energy. [22:47]
BTC_Bear ;;botsnack [22:47]
gribble Forget the snack, just send me some bitcoins at 1MgD6rah5zUgEGYZnNmdpnXMaDR3itKYzU :) [22:47]
mircea_popescu ;;rate rg 5 First IPO on MPEx. Long live BitVPS [22:48]
gribble Rating entry successful. Your rating for user rg has changed from 2 to 5. [22:48]
mircea_popescu lmao the golddigger! [22:48]
markedathome shouldn't that be a cheeky miner [22:48]
mircea_popescu maybe so [22:49]
mircea_popescu i still can't believe nobody but rawrmage made drawins. i'd have imagined there'd be dozens of submissions. weird. [22:52]
mircea_popescu The first BTC Debt Collection Agency and DUNS-like database [22:52]
mircea_popescu April 11, 2012, 08:40:48 PM #1 [22:52]
mircea_popescu This is it kids, we've discussed it again and again and I think it's time we do this properly. [22:52]
mircea_popescu We need two things: [22:52]
mircea_popescu 1. A debt collection agency [22:52]
mircea_popescu 2. A way of registering and scoring individuals. [22:52]
mircea_popescu people are discovering a need for the WOT. [22:52]
mircea_popescu i think they may come up with alt chains any time now. [22:52]
mircea_popescu In regards to part 2 of my proposal, I propose a scoring system similar to that used by Dun & Bradstreet. Each physical or legal person gets assigned a nine digit number. This number is linked to a historic score that changes as the legal of physical person's situation changes. The Agency will be responsible for veryfing their identity and maintaining an up-to-date database. Participation is voluntary. [22:53]
mircea_popescu lmao [22:53]
mod6 lolwat?! [22:54]
mircea_popescu https://bitcointalk.org/index.php?topic=76309.0 [22:54]
mircea_popescu superamusing thread 9000 [22:54]
mod6 haha [22:54]
* mod6 reads [22:54]
mircea_popescu "In regards to the legality of it, I think this is open to interpretation." [22:54]
mircea_popescu it's gemful. [22:54]
mod6 lol dept [22:57]
mircea_popescu since im kind of a newb : who's di ? [22:59]
mod6 i like how this guy thinks he can collect on coins. HAWHAWHAW [22:59]
mircea_popescu the ex princess of wales ? [22:59]
mod6 wtf were do these kids get this stuff. [23:00]
mod6 *where [23:00]
mircea_popescu sr. [23:00]
markedathome di=doubleicarus [23:00]
markedathome he borrowed and was given coins for a london event that was to occur in march, along with a promise of sending out t-shirts [23:00]
mircea_popescu i guess i missed some drama. cliffnotes ? [23:00]
mircea_popescu o, that thing never happened ? [23:01]
markedathome yeah, then it turns out that the DI that is out in the real world had his identity stolen for the bitcointalk forum. [23:02]
markedathome allegedly, maybe. who knows? [23:02]
mircea_popescu i recall reading that about 1/3 of chargebacks are friendly fraud now. so... [23:03]
markedathome https://bitcointalk.org/index.php?topic=61366.0 https://bitcointalk.org/index.php?topic=67731.0 https://bitcointalk.org/index.php?topic=76212.0 [23:03]
mircea_popescu If you'd like to lend me the Bitcoins (for a very good cause) use the address bellow and state it was you. [23:05]
mircea_popescu 1Nyata3brZrm7JfFBWSu2tudBpnLX9syzZ [23:05]
mircea_popescu i don't see what could possibly go wrong with that process. [23:05]
kakobreklaa im guessing there was no souch event markedathome? [23:06]
kakobreklaa hm [23:06]
kakobreklaa ah the scam was from the begining [23:06]
kakobreklaa nevermind [23:07]
mircea_popescu someone needs to get that patrick harnett and butthurt wagner onto irc [23:08]
mircea_popescu they'd have fun here. [23:08]
vragnaroda mircea_popescu: Friendly fraud? [23:08]
markedathome patrickhartnett has been in otc in the pst couple of days, though not chatting [23:08]
mircea_popescu friendly fraud is the unbased claim that "i was haxored" [23:08]
vragnaroda Oh, I'd have expected that to be higher. [23:09]
mircea_popescu prolly a lot of rural farm equipment buys and whatnot dilute it [23:09]
vragnaroda I guess there are still a lot of old people forgetting what they bought of the Home Shopping Network and the like, though. [23:09]
markedathome break out the magnifying glasses https://bitcointalk.org/index.php?topic=76515.msg853907#msg853907 [23:09]
mircea_popescu home shopping network o good god [23:09]
mircea_popescu BTC_Bear : what's your post mean lol [23:10]
mircea_popescu translate for the european in all of us. [23:11]
markedathome > Single copies may be distributed at will since it is unlikely that MPOE created this material independently as he has no creative skill. [23:12]
mircea_popescu omg what hatery is this! [23:13]
vragnaroda lol [23:13]
mircea_popescu no creative skill ? I INVENTED THE CSS FREE WEBSITE! [23:14]
kakobreklaa lol [23:14]
mircea_popescu hehehe [23:14]
vragnaroda mircea_popescu: Most of that disclaimer is nonsense copypasted from other legal disclaimers. [23:14]
mircea_popescu dude, before me you were all hanging out in rounded corner swamp [23:14]
vragnaroda I don't mind rounded corners. :p [23:14]
mircea_popescu pfff [23:14]
mircea_popescu real men have points in their cereal! [23:14]
vragnaroda lol cereal [23:15]
mircea_popescu random factoid of the day : http://24.media.tumblr.com/tumblr_l9ylb9EY2f1qz7ltxo1_500.jpg [23:16]
vragnaroda lol [23:17]
vragnaroda mircea_popescu: I stole that and posted it in ##english. [23:18]
mircea_popescu that works. what i'd like to know is if that's really clever advertising [23:18]
mircea_popescu or really inefficient repelling. [23:18]
vragnaroda I don't know. I'd hope it's clever advertising, though. [23:19]
mircea_popescu if it is that's a pretty clever pimp. [23:19]
mircea_popescu rara avis. [23:19]
BTC_Bear mircea_popescu: I was making fun of the -PR. He basically called everyone stupid. Which is probably true but you don't call them that. :) [23:19]
mircea_popescu i don't [23:19]
mircea_popescu that's what i got her for. [23:19]
BTC_Bear Well spank her. :)) [23:20]
vragnaroda lol [23:20]
mircea_popescu lol [23:20]
* markedathome has quit (Ping timeout: 248 seconds) [23:22]
Jamalaka !bc,convert eur [23:25]
gribble 1 BTC = 4.96 U.S. dollars = 3.80864624 Euros [23:25]
mircea_popescu jesus it won't go over will it. [23:25]
Jamalaka !calc 3.8*5 [23:25]
gribble 19 [23:25]
* markedathome (~markedath@unaffiliated/markedathome) has joined #bitcoin-otc-eu [23:26]
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* nanotube (~nanotube@unaffiliated/nanotube) has joined #bitcoin-otc-eu [23:34]
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mircea_popescu https://bitcointalk.org/index.php?topic=76910.0 lmao @dwolla [23:45]
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