Forum logs for 16 May 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
* Now talking on #bitcoin-otc-eu [02:28]
* 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 || bitcoin hosting -> http://bitvps.com/ [02:28]
* Topic for #bitcoin-otc-eu set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Fri Apr 20 21:40:27 2012 [02:28]
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MBS anyone need some ddr3, have a theater that takes fandango near them, or want a $10 old navy gift card [04:48]
ronald ;;sell 30 btc at 3.1 GBP [04:49]
gribble Order id 8066 created. [04:49]
mircea_popescu o hey mbs you still do gc's ? [04:53]
mircea_popescu or do i have the wrong guy ? [04:53]
MBS yeah i do gcs [04:53]
MBS what you need a card for? [04:53]
mircea_popescu mk, somebody was asking for it coupladays agio and i couldn't for the life of me remember who did it [04:54]
mircea_popescu then i saw your name and i was all... shit. mbs. [04:54]
MBS LOL [04:54]
mircea_popescu sorry... i guess :p [04:54]
MBS i do any gift card i can do online pretty much [04:54]
mircea_popescu yeah, i remember nao. [04:54]
MBS anyone have a theater with fandango and either want to see Snow White and the Huntsman, Battleship, or The Bourne Legacy , or want a $10 gift card? [04:56]
MBS wait woops, this is otc-eu XD [04:57]
rawrmage lol [05:03]
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ronald anyone wanna buy cheap bitcoin (£3) for PP UK or cash? [05:20]
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smickles jesus fuck [05:50]
smickles so, imagine you are a vps provider and a customer askes about the "processing power" of one of your offerings because they can only find information about the amount of disk space, memory and 'bandwidth'. How do you respond? [05:52]
smickles with specs on disk space, memory, and bandwith. Of Course. [05:53]
rawrmage no specs on cpu? [05:53]
smickles true story [05:53]
smickles they said that the cpu was dependant on the aforementioned specs [05:54]
rawrmage wat [05:54]
smickles yeah [05:54]
rawrmage they seem like the type of person who tells you they have 200 GB of ram and a Pentium hard drive [05:54]
smickles I responded with a "short" lecture on the function of a cpu [05:55]
smickles All I really want to know is if what I'm doing on the vps is pushing it too hard or if I'm not getting what I'm paying for [05:56]
smickles I guess I'm not paying for a cpu [05:56]
rawrmage is that a quote? ._. [05:56]
smickles is what a quote? [05:56]
rawrmage your last two lines [05:57]
smickles oh lol, no, I guess i'm witty [05:57]
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smickles naw, i'm not witty b/c the responce to your question should have been, "only if you quote me" [05:58]
rawrmage lol [05:58]
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mircea_popescu rawrmage : Bidet is a French word for pony (and in Old French, bider meant to trot) [08:00]
mircea_popescu http://www.cnbc.com/id/47428134 bank runs in greece. [08:15]
mcorlett mod6: Retaliatory is how we roll around here! [08:25]
mod6 wow. guess i missed all that stuff. [08:45]
mod6 I think that they are also worried that when the run started in greece, that it would spill over to italy and spain as well. [08:49]
mircea_popescu and ireland. [09:25]
mod6 oh yah. hmm, crazy. [09:28]
mod6 never thought i'd see modern day runs on banks... [09:28]
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mircea_popescu i dont think those will ever go away. [09:29]
mod6 yea def. not... at least for us over here in the us, we haven't seen anything like that since probably 1929-1931'ish [09:32]
MBS hurry and nuke greece [09:32]
mircea_popescu there were bank runs in the 80s and 90s [09:36]
mircea_popescu both in the us and uk. [09:36]
mod6 o rly?! [09:36]
mod6 http://en.wikipedia.org/wiki/Bank_run [09:37]
mod6 ^^ that does point to this: http://en.wikipedia.org/wiki/Savings_and_Loan_Crisis [09:37]
mod6 which i must now read... [09:37]
mircea_popescu :p [09:38]
mod6 <3 wikipedia [09:39]
mod6 ho ho! Midwest Federal [09:40]
mod6 I remember that now. [09:40]
mod6 wow, little trip down amnesia lane before i retire for the evening. [09:41]
mod6 :) [09:41]
mod6 night guys. [09:41]
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amiga4000 !bc,convert eur [10:15]
gribble 1 BTC = 5.05979 U.S. dollars = 3.97657183 Euros [10:15]
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mircea_popescu http://www.nasdaq.com/article/ecb-cuts-back-liquidity-support-for-greek-banks--report-20120516-00051 [14:05]
mircea_popescu greece is going down it seems [14:05]
Mqrius mircea_popescu: I've noticed in the EUR/USD rate. It was 0.75 a few weeks ago. 0.781 yesterday. 0.786 today. [14:06]
mircea_popescu yeah [14:07]
mircea_popescu will go over .8 before it goes under .7 as they say. [14:07]
Mqrius I'm fine with it going higher. Most of my wealth is in Bitcoin, which seems more locked to USD than to EUR [14:08]
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mcorlett I don't mind, either. [14:21]
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MTGO WTS MTGO Tickets ! [15:15]
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BTCNaAB 'Lo everyone. [16:57]
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mcorlett guruvan is fighting for his Bitcoinica monies! [17:47]
mircea_popescu is he ? [17:48]
mcorlett mircea_popescu: You wouldn't know. [17:49]
mircea_popescu apparently not. do tell. [17:49]
mcorlett You wouldn't understand. [17:49]
mircea_popescu nevertheless. [17:50]
mcorlett Fine. https://bitcointalk.org/index.php?topic=81045.msg903440#msg903440 [17:51]
mircea_popescu eh, im not reading the forum. [17:52]
mircea_popescu i'd rather read the sun [17:52]
mcorlett It's too advanced for you, I know. [17:52]
mcorlett You told me to show you "nevertheless". [17:53]
mircea_popescu yeah. you were right, i was wrong. [17:54]
mcorlett Now you're just giving it to me without putting up a fight. [17:54]
mircea_popescu why would i put up a fight ? i like giving it to you :D [17:56]
mcorlett ಠ_ಠ [17:56]
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guruvan nah. I'm just pissed that they're not really doing shit. I'm just bitching about it [18:07]
mircea_popescu if only you had your dough on mpex instead :D [18:08]
guruvan and compared to others, I don't have shit in there [18:08]
mcorlett Well, trolling just to troll works as well. "Because Bitcoin." [18:08]
guruvan mircea_popescu: no joke bro. that was on the agenda this week as I made yet another reduction in the position I had at bitcoinica [18:08]
mircea_popescu the entire thing is so bizzare to be honest [18:11]
guruvan dude, it's a scam [18:11]
mircea_popescu yes, but [18:11]
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mircea_popescu a very weirdly run thing at any rate. [18:11]
guruvan that, and tbh, the whole security event looked staged to me. I seriously suspect they've been trading w/ customer funds, and have had a hedge go bad. But, wtf do I know [18:13]
mircea_popescu anyway, these are not for us to understand. [18:13]
mcorlett YouTube comments never fail to disappoint: "My hot friend Megan wants one, so if everyone goes and watches my worthless youtube videos I might make enough money from advertisement partnering to buy her one and then I might get a BJ. Please thumbs up." [18:13]
mircea_popescu we are but eight score people with five hundred eyars worth of actual trading experience among us, can we really grasp the wisdom of 17 yo chinese kids and other teenagers ? [18:13]
guruvan lol. I'm not believing the 17yo pawn in this game has squat to do with the real shady shit going on [18:14]
mircea_popescu even so [18:14]
mircea_popescu the amir taaki guy is what, 25 ? [18:14]
mircea_popescu and in general, the average age of all involved is about grad school. [18:15]
mcorlett I don't think the Bitcoin Consultancy has any idea what they've gotten themselves into. [18:15]
guruvan hmm...looks young...dunno....I like my security gurus to be older than me :D I'm not young either [18:15]
guruvan mcorlett: no, financiall, technically, and legally [18:15]
mircea_popescu mcorlett i originally thought they're making a strategic aquisition to have something against options. [18:15]
mircea_popescu but by now i have no ideea and i've kinda quit following. [18:15]
draco49 wassup all [18:15]
mircea_popescu draco49 http://polimedia.us/dtng/c/src/133717946432.gif [18:16]
mcorlett Woop woop, draco's back (again). [18:16]
draco49 I've been back... just a little pre-occupied. [18:16]
guruvan it's so unclean now, each side of the bitcoinica table seems to have a slightly different story [18:16]
mcorlett mircea_popescu: Stoya? [18:16]
draco49 mircea_popescu, I love how you have smut pics at the ready. [18:16]
guruvan I've went ahead and filed a complaint w/ the FMA in NZ [18:16]
mircea_popescu guruvan : by now the cost to untangle it seems to exceed its value, so its in my eyes at forget about it stage [18:16]
mircea_popescu mcorlett i think so. draco49 i live to serve. [18:17]
guruvan I don't have even one BTC in my bitcoinica acct - just USD [18:17]
mircea_popescu btw, let me drop a bomb : http://gribble.dreamhosters.com/pisg.output/trilema.stats-week.html [18:17]
draco49 How hard has this latest wallet theft hit bitcoinica? [18:17]
mircea_popescu those 3 days are really ~28 hours or so [18:17]
guruvan yep - I think bitcoinica is a dead issue, and it's just amatter of getting what's left of customer funds distributed [18:17]
mircea_popescu draco49 its offline iirc ? [18:17]
guruvan draco49: they're done for [18:18]
mircea_popescu guruvan and to think i was considering listing them. [18:18]
guruvan it looks like months before reopening, and they probably won't exist anymore by then [18:18]
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guruvan mircea_popescu: thank god you're smarted than that. Plz don't list intersango or bitcoin consultancy! [18:18]
mircea_popescu guruvan well no this was before the intersango deal [18:18]
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mircea_popescu we were sorta talking. [18:19]
mircea_popescu anyway. [18:19]
draco49 That sucks. Any idea how this one happened? [18:19]
mircea_popescu draco49 we were just saying it'd likely cost more to find out than what bitcoinica's worth [18:19]
mcorlett mircea_popescu: Da, it's Stoya. Here's more: http://i.imgur.com/Cr3bQ.gif http://i.imgur.com/rwC7i.gif http://i.imgur.com/PoiCG.gif [18:19]
guruvan um --- the hotwallet hadn't moved since the last fucking theft apparently? [18:19]
mcorlett (I also live to serve.) [18:19]
draco49 Zhou Tong!!!! [18:19]
mircea_popescu she's a good fuck and a geek too. [18:20]
guruvan dude, how did it happen? they lost control of a mail server and had a root passwd reset [18:20]
guruvan idiots [18:20]
mod6 srsly. [18:20]
draco49 I almost wonder if Bitcoinica was really a CIA front to discredit bitcoin from within... [18:20]
mircea_popescu lol if it was it failed. [18:20]
guruvan i mean, come the fuck on, what does it take to have BASIC USER quality security followed at a financial institution. [18:21]
guruvan Compare this to real banks that have RETINA scans to move money like that [18:21]
draco49 The hijinx and tomfoolery that has gone on with them is shady as hell [18:21]
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mod6 btc has only been on the radar for about a year, more time will yield better services and practices. [18:22]
guruvan lol CIA front. I might believe that of the "core bitcoin developers" who seem to be at the forefront of each incident [18:22]
draco49 The media that's bothering to cover it is, of course, using it as an opportunity to say that bitcoin is insecure and make other disingenuous remarks. [18:22]
guruvan but I'd need a shiny new tinfoil hat to believe it [18:22]
mircea_popescu draco49 bitcoin IS insecure [18:22]
draco49 The FBI did just put out that official report... [18:22]
mircea_popescu in the sense of "Secure" media imagines people expect. [18:22]
mircea_popescu there;'s absolutely no security outside of you being secure. [18:23]
draco49 Bitcoin, itself, is not insecure. Every theft i've heard about has been the result of human error. [18:23]
draco49 mircea_popescu, I didn't mean it in a philosophical sense... [18:23]
mircea_popescu point being, people thing "secure" = the police will keep peoplefrom stealing my money. [18:23]
mircea_popescu whereas secure actually means... secure. [18:23]
guruvan but try to get a monron in the press to actually EVEN SPELL "Bitcoinia" right. ...goddamn, the fool at forbes even had a QUOTE with the name spelled right in his post [18:24]
guruvan putz [18:24]
draco49 I'm just saying that, as far as I know, bitcoin thefts have never been attributed to security flaws within the system. [18:24]
guruvan if a guy can't spell the name of a business correctly when it's right in front of him, how is he going to get facts he have to check correct? [18:24]
mircea_popescu draco49 well sure, in that sense it's absolutely secure. [18:25]
mircea_popescu guruvan media is done by people making minimum wage. [18:25]
guruvan draco49: no they've been flaws that would lose CC numbers, medical data, or any other FILES [18:25]
mcorlett Funny, Players of World of Warcraft use two-factor authentication tokens just to log in and play their game, but a regular sniffable email is all it takes to grab $87,000 in bitcoins. [18:25]
mircea_popescu mcorlett and let me point out that i ran mpoe on emails for MONTHS [18:26]
mircea_popescu and yet... never...had...a...problem. [18:26]
guruvan gee - and which technical consultants are the ones who have suffered the loss of their email security? Oh yah...the "best ones" the one everyone trusts so much around here. I hope people actually learn something [18:26]
guruvan maybe you know how to use email correctly? :) [18:27]
guruvan it's a complex tool, I know [18:27]
mircea_popescu guruvan it is possible, [18:27]
mircea_popescu nevertheless some well meaning bystanders were grilling me at some point [18:27]
draco49 If your core business involves the need to have a constantly active hot wallet, they should have implemented appropriate security measures and protocols. Their inability to successfully secure a hot wallet is disgraceful. [18:28]
guruvan ya. it is possible. I've run one or two mail servers in my day too. (I don't any more, what a PITA!!) [18:28]
guruvan draco49: their inability to have someone AWAKE and ONLINE 24/7 is disgraceful [18:28]
draco49 ++ [18:28]
guruvan shall I share some emails I traded with zhoutong about "Wake up and restart your frigging bitcoind" ? ?!! [18:29]
guruvan and him bitching that they can't be bothered to help people during the day on saturday [18:29]
draco49 I wonder if Zhou Tong is going to be cast out into the Mongolian desert for disgracing his family and country... [18:29]
mircea_popescu lmao y the hate ? [18:29]
guruvan and how much trouble it is to communicate with users, especially after they should already see their proble is fixed? [18:29]
mircea_popescu back when i was 17 i broke shit too [18:29]
mircea_popescu ofcourse, the adults around me didn't give me any keys to ferraris [18:30]
mircea_popescu but IF THE HAD, [18:30]
mircea_popescu i would have crashed the car. [18:30]
guruvan and your dad woulda been pissed [18:30]
guruvan and taken away the keys to the pantera [18:30]
mircea_popescu mmmkay... [18:30]
mircea_popescu i'd still have been the cool kid :D [18:30]
guruvan hellz yea! [18:31]
guruvan (and while I was upset with zhoutong about the lack of support - I sure trust that guy more than the current structure at bitcoinica) [18:31]
draco49 When you operate an exchange with as much cash flow as he had, age is irrelevant. If he had the ability to put together what he did, he should have been smart enough to hire some people who knew how to run a business. [18:31]
guruvan way more [18:31]
mcorlett http://www.youtube.com/watch?v=_AYlGHHnCj8 [18:32]
guruvan ++ draco49 that's why I was upset that I had to tell him that he needed to restart his server [18:32]
mod6 draco49: thats why all this ineptitude is super fishy to me. [18:32]
guruvan super fishy [18:32]
draco49 that's why i'm glad I never put one coin or dollar through his exchange [18:32]
mircea_popescu mod6 then again there's that adage about looking for explanations no further if stupidity can explain it. [18:32]
draco49 yeah, but twice?? [18:32]
guruvan I haven't got to where stupidity explains this one [18:32]
mod6 mircea_popescu: heheh [18:33]
guruvan I've been suggesting and suspecting for several weeks that slow w/d at bitcoinica is due to a lack of reserves [18:33]
mircea_popescu guruvan what do you figure the cui bono is here ? [18:33]
mircea_popescu i mean, they made off like bandits with 18k bitcoins ? [18:33]
draco49 And I thought Intersango was taking over the security and business operations... [18:33]
guruvan no [18:33]
mod6 the fact that they give no value, its just a swap shop was scray. [18:33]
mod6 *scary [18:33]
guruvan 18K is for show [18:33]
mircea_popescu um [18:33]
guruvan I'm suggesting they've lost a lot more trading customer money [18:33]
mircea_popescu mod6 i thought it was a share swap and thought nothing of it. [18:34]
mircea_popescu guruvan i dont imagine rthey really had much more. [18:34]
draco49 Didn't they put out a press release saying that the Intersango people were taking over management of the exchange, or something to that effect? [18:34]
mircea_popescu yes. [18:34]
guruvan I have no proof, and zt has definitely denied it, but the company's actions are very consistent with wall street institutions that failed for the same reason [18:34]
mod6 well, i mean, if zt does really well, and liq's positions, good for him. but if I do really well, or lots of people do, I didn't think he would be able to cover. [18:35]
guruvan I mean trading with the customer deposits [18:35]
mircea_popescu guruvan my intels say they didn't likely have much more than that. [18:35]
draco49 p2p exchanges are going to be the way to combat this shit [18:35]
mircea_popescu obviously everything is possible (tm) but still. [18:35]
guruvan pathetic mircea_popescu - unbeliveable they were operating like that [18:35]
guruvan that's downright criminal [18:35]
mircea_popescu well they had a 43k loss not so far ago [18:35]
mircea_popescu which they ate. how much capital do you think it hat to begin with. [18:36]
guruvan yeah - and how much USD do they have on deposit that wasn't lost [18:36]
guruvan that they're not returning [18:36]
mircea_popescu prolly about the same, give or take, [18:36]
mircea_popescu hard to tell, that. [18:36]
guruvan it is....but FWIW, I was long and didn't have any BTC in my account [18:37]
mod6 well, thats good :) [18:37]
mircea_popescu still, getting back to the cui bono [18:37]
mircea_popescu it makes no sense to unwind this way [18:37]
mircea_popescu so i think stupidity is a strong theoretical contender. [18:37]
mod6 or fraud. [18:38]
guruvan there's no lack of that in this situation. that's for sure. I still think there's more than one criminal involved, and I suspect one is an insider [18:38]
mod6 there is no way that these guys are that stupid 2x in 4 months. [18:38]
guruvan hard to say though [18:38]
guruvan mod6: I 100% agree [18:39]
mircea_popescu mod6 why not ? [18:39]
mircea_popescu explain this to me. [18:39]
mircea_popescu of all the girls that get pregnant by accident, [18:39]
mircea_popescu most get it more than once. [18:39]
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mircea_popescu what'd you expect ? [18:39]
mircea_popescu they suddenly became enlightened ? [18:39]
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mod6 hmm. no spacific reason I can articulate. Just a gut feeling, and a lot of reading of events, etc. [18:40]
mircea_popescu ya, maybe so. [18:41]
mircea_popescu im just saying... there's a reason fraudsters pay for victims addresses. [18:41]
mod6 shit doesn't add up exactly. BUT, it could just be a really poorly run orginization with no accountability. [18:41]
guruvan for a reason, is usually why an organization is run like that - at least when there's leverage and trading involved. [18:42]
mod6 yeah, either way. before MPEx i had concidered doing a lot of trading there. [18:42]
mod6 and then it got chowned. [18:42]
mircea_popescu i actually appreciated the guy manning up then [18:43]
mod6 so i never looked at it again... i was suprised to see people throwing there btc back in there as soon as it was back. [18:43]
mod6 s/there/their/ [18:43]
guruvan me too! I'd still trust bitcoinica if ZT owned it [18:43]
guruvan I'd still have 17yo kid issues w/ him, but at least I'd feel like I was being treated honestly [18:43]
guruvan I don't think that at all now [18:44]
guruvan I see different members of the bitcoinica team pointing fingers at each other [18:44]
mod6 well, see, i don't mind that he's 17. what bothers me is that he seems to want to go to college. [18:44]
mircea_popescu meanwhile, it's darn fucking hard to find real businesses on btc. [18:44]
guruvan that's a huge red flag [18:44]
mircea_popescu i mean... if bitcoinica blows, srsly, waht can you buy sharesi n ? [18:44]
guruvan Diablo Mining Company? :D [18:44]
guruvan 4CHAN [18:45]
mircea_popescu no, srsly ;/ [18:45]
guruvan oh..................... [18:45]
mircea_popescu don't laugh, for w/o financials we really don't have a chance as a currency. [18:45]
guruvan .... [18:45]
mircea_popescu tis a matter of great panda sadness. [18:45]
guruvan I'm not laughing. I've got a fair amount sunk into bitcoin, and I do not wish to be a sad panda [18:46]
guruvan one thing I've been thinking would be a good idea [18:46]
mircea_popescu so... myea. working on it but it's real tough going. [18:46]
guruvan is some kind of insurance cartel to insure exchanges/ securities dealers, etc [18:47]
mircea_popescu copumpkin was trying to get something like that going [18:47]
mircea_popescu we didn't manage to find an actual way to do cds [18:47]
mod6 yeah mircea_popescu, people like you and smickles add a layer of transparency to btc companies. with out this, stocks can't be a legitiment possibility. [18:47]
guruvan no - I don't mean CDS [18:47]
mircea_popescu mod6 worked very deliberately at that, too. it's just... you can't have the banking side and the accounting side w/o the actual companies [18:48]
mircea_popescu we're just here threading water. [18:48]
guruvan I mean insure against malpractice, or losing the customer funds etc [18:48]
mircea_popescu guruvan suppose guy insures, then steals the funds. [18:48]
mircea_popescu he just made 2x. [18:48]
guruvan see what a great plan I made? We r rich then? [18:48]
guruvan hmm [18:48]
mircea_popescu problem is you can't verify identity, you don't really know who pays you. [18:49]
guruvan I do think that's part of the point of making it a cartel [18:49]
mircea_popescu so you could be selling default protection to the party going to default. [18:49]
mircea_popescu you can be a cartel, helps nothing. [18:49]
guruvan i.e. LLoyd's of London - back in the early days of insuring cargo ships [18:49]
mircea_popescu there was a definite way to ascertain who bought insurance and who got paid. [18:49]
guruvan mmm yeah. [18:50]
mircea_popescu here the shipowner can burn the ship and you'll neverk now you paid them [18:50]
guruvan it must be a solvable problem, somehow [18:50]
mircea_popescu tis not. [18:50]
mircea_popescu bitcoin has many advantages [18:50]
mircea_popescu but boy does it fuck with finance. [18:50]
mircea_popescu boy o boy. [18:50]
guruvan lol [18:50]
guruvan yeah [18:50]
mircea_popescu half of them are twisted into contorted half-brothers of themselves spawned in hell [18:51]
mircea_popescu like my bonds for instance [18:51]
mircea_popescu and some simply can't exist [18:51]
mircea_popescu we're basically trying to paint houses on a torus with tools used to build houses in space or something [18:52]
mod6 hmm. [18:58]
mcorlett .seen rg [19:03]
mircea_popescu rg is not seen, rg is felt. [19:04]
mod6 he's in uk atm [19:05]
mod6 mircea_popescu: are commodities something to be concidered adding to MPEx? similar to say, CBOE? [19:10]
mod6 but for BTC :) [19:10]
mircea_popescu trying to. [19:11]
guruvan oil futures! :D [19:11]
mod6 like, is there a way to procure some gold/silver and have it listed? [19:11]
mircea_popescu also trying to [19:11]
guruvan and Pork Bellies! [19:11]
mod6 ok... sweet!! [19:11]
mircea_popescu insanely difficult to do [19:11]
mircea_popescu seeing how the a-hole markets are making traders sign that they won't do specifically this. [19:11]
mod6 ah. :| [19:11]
mod6 if you build it, they will cum [19:13]
guruvan couldn't you become a broker and do it? that might be insanely difficult, especially to take BTC for deposit [19:14]
mircea_popescu guruvan i want actual delivery. [19:14]
mircea_popescu cushing, ok oil. [19:14]
guruvan oic [19:14]
mircea_popescu and i want someone with experience to mm it. [19:14]
mircea_popescu also in talks for metals etc. [19:14]
mod6 ! [19:15]
mircea_popescu i'm working on it, but its damned difficult to do. [19:15]
mircea_popescu and incidentally, if i manage to get oil with delivery the btc/usd price goes to 100. [19:15]
guruvan ya - I think that's probably a good bet [19:15]
mircea_popescu kinda shoot myself in the foot on options :D [19:15]
guruvan lol [19:16]
mod6 very cool stuff, i can see how this get complicated in a hurry. [19:17]
mod6 :) [19:17]
mircea_popescu anyway, we need to put some utility in bitcoin too, as in, why'd i buy bitcoisn ? [19:18]
mircea_popescu well to buy oil with them sucka. [19:18]
mircea_popescu but that's still a ways away i wager. for now i'd most like some actual corps. [19:18]
mod6 say like IBM securities? [19:18]
mod6 or GOOG or pick a name....? [19:19]
mircea_popescu nana [19:19]
mircea_popescu like a big company that does something useful in bitcoins [19:19]
mod6 just BTC ones. [19:19]
mircea_popescu heck, i'd love to list mtgox. [19:19]
guruvan real bitcoin startups, with real financing? [19:19]
mod6 mmm i was gonna say, have you talked to Tuxedo Guy? [19:19]
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mircea_popescu a while back [19:19]
mircea_popescu he's not so into it. [19:19]
guruvan I'd buy stock in gox, even if I wouldn't put my money there :D [19:19]
mircea_popescu i do have some stuff on the plate, but all these take time. [19:20]
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mircea_popescu guruvan they're not really wanting to open teh books. [19:20]
mod6 sure. good deal :) [19:20]
mod6 more will come this year anyway. [19:20]
guruvan why doesn't that surprise me? [19:20]
mod6 noone /wants/ to open their books. [19:21]
mod6 it's probably hard too, with the nature of the exchange. who knows if they even have "books" [19:22]
bruzum i want [19:22]
bruzum what page do you me to read? [19:22]
bruzum :) [19:22]
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mircea_popescu mod6 i wanted to open mpoe books. [19:24]
mod6 well, of course :) you can raise money that way through the sale of stock. [19:24]
mod6 if you're private, if you have good revenue streams, you may not care about sharing with the general public. and over here, you open ur self up to tons of regulatory bullshit. [19:25]
mircea_popescu i mostly did it for the model. [19:26]
mircea_popescu im not sure anyoen even published statements before i did, tbh. [19:26]
mod6 well, and BTC is a different story. and you have a great model in BTC space that shows it can work. [19:26]
mircea_popescu people'd com,e wioth "this 3 days we made 1.36 btc, here's dividends" bs. [19:26]
mod6 with transparency and good faith/trust etc. [19:26]
mircea_popescu actually yea, wot was/is key ingredient there [19:27]
mircea_popescu there's no btc finance w/o wot. [19:27]
mod6 *nod* [19:27]
mircea_popescu a splendid ideea too, rarely do i like technology so much [19:27]
mod6 :D [19:27]
mircea_popescu and i recall the first time i joined i was pretty pissed at it lol [19:27]
mircea_popescu vragnaroda had to talk me through it. [19:28]
mod6 ha. well, glad he did. [19:28]
mcorlett Mircea? Mad? Go figure! [19:28]
mcorlett s/Mad/Pissed [19:28]
mod6 vodka gimlet [19:29]
mircea_popescu what, im not calm ? ARE YOU SAYING I LOSE MY COOL YOU PATHETIC PIECE OF SHIT YOU!!! IS THAT IT! [19:29]
* mod6 throws up a block for mcorlett [19:30]
mircea_popescu http://www.youtube.com/watch?v=o_ff46b58Hk [19:30]
mod6 haha. [19:30]
* mod6 watches [19:30]
* mcorlett too [19:31]
mod6 one of the best movies evar [19:33]
mircea_popescu mhm [19:33]
mod6 GIVE JIMMY HIS MONEY [19:33]
mod6 hahaha [19:33]
mod6 http://www.youtube.com/watch?v=6G6yVIHvsIE [19:34]
mod6 1:08 lulz [19:34]
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mircea_popescu lol [19:36]
mircea_popescu prolly pesci's best role in that film [19:36]
mircea_popescu http://polimedia.us/dtng/c/src/133718574736.jpg [19:39]
mircea_popescu im guessing she must be a student [19:39]
mircea_popescu who else keeps notebooks above the friggin stove. [19:39]
mod6 nice oven mitt [19:41]
mcorlett They ought to make a transparent version of that oven glove. [19:42]
mod6 haha, that would have been clever. [19:43]
mircea_popescu whia [19:50]
mircea_popescu imagine a transparend wool sheep [19:50]
mod6 you know, i might have to re-watch raging bull. its been too long. [19:53]
mod6 great show. [19:53]
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mcorlett http://i.imgur.com/jDfdt.png [20:14]
mircea_popescu aha ? [20:15]
mircea_popescu lol negative wtf [20:16]
mcorlett :p [20:16]
mircea_popescu lmao [20:16]
mircea_popescu this is one for the ages [20:16]
mircea_popescu keep for grandsons [20:16]
mod6 :) [20:17]
guruvan mcorlett: maybe they moved shorting? lol [20:17]
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