Forum logs for 16 Oct 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
rdponticelli dub: yeah, I just read lightly about the case [00:04]
rdponticelli Obviously it wasn't worthwhile [00:04]
rdponticelli But I found funny some arguments you can found around [00:05]
smickles "it's not illegal b/c we didn't use fiat" [00:07]
smickles lol [00:07]
rdponticelli Somebody should make a wiki [00:07]
smickles encyclopediabitcoinica.com [00:08]
rdponticelli Well, somebody should make a page with the Scammer's arguments [00:08]
smickles rdponticelli: http://www.encyclopediabitcoinica.com/wiki/Good_arguments [00:10]
smickles rdponticelli: do you remember where that came from? I want to source it [00:10]
rdponticelli smickles: you're wiki :) [00:11]
rdponticelli No, I have no idea [00:11]
rdponticelli Don't forget: I can't give it back, b/c bitcoins transactions are irreversible [00:12]
pigeons it's not a scam if you use bitcoin [00:12]
smickles lol [00:13]
smickles http://www.encyclopediabitcoinica.com/wiki/GLBSE [00:13]
smickles hahahaha [00:13]
mircea_popescu BTC-Mining here : http://polimedia.us/trilema/2012/the-crime-of-being-american/ you're famous now [00:13]
mircea_popescu (again) [00:13]
kakobrekla wiki still getting spammed with new users [00:14]
kakobrekla http://www.encyclopediabitcoinica.com/wiki/Special:RecentChanges [00:14]
kakobrekla terrible. [00:15]
assbot [MPEX] [S.MPOE] 3400 @ 0.00040613 = 1.3808 BTC [-] [00:15]
pigeons hmm my ignore of BTC-Mining doesn't work on mircea_popescu's website [00:19]
mircea_popescu you're ignoring him ?! [00:19]
pigeons and Iraq is the 51st state [00:19]
mircea_popescu nah, it ain't. had they the sense to make it a state it'd have actually been interesting. [00:19]
mircea_popescu i imagine the russians muchly objected. [00:19]
mircea_popescu pigeons you were the original source of trouble tho weren't you, with linking that blog. [00:20]
pigeons oh did I? I don't actually read the things i paste [00:20]
pigeons what blog is that from? [00:21]
mircea_popescu linked right at beginning lol [00:21]
pigeons hmm, could have been me but probably not, i don't remember it. I like the comics a lot though [00:22]
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mircea_popescu [22:22] http://thecriminallawyer.tumblr.com/post/19810672629/12-i-was-entrapped :) [00:23]
mircea_popescu That one is good too: http://thecriminallawyer.tumblr.com/post/29326904495/16-a-problems [00:23]
mircea_popescu it was our good friend the pumpkin. [00:23]
copumpkin the best one is the one with the pony in it [00:24]
pigeons yeah i knew i wasn't that clever [00:24]
copumpkin cause the NY criminal lawyer is a brony [00:24]
BTC-Mining I'm being spread on the interwebz!1!!1!!! [00:26]
BTC-Mining Argh, I'm not butter! [00:26]
jurov mircea, good you weren't here when azephur said he abandoned development because he doesn't wanted to go to jail [00:28]
mircea_popescu jurov lol srsly ?! [00:28]
jurov sadly [00:29]
BTC-Mining He abandoned development of what exactly? [00:29]
mircea_popescu i don't see an issue with going to jail b/c bitcoin. [00:29]
mircea_popescu i'm much more worried about not pushing it hard enough. [00:29]
pigeons they hate us for our freedoms! [00:29]
jurov he was diong something with mpex back in may, posted some screenshots [00:29]
mircea_popescu jurov actually iirc he made a fully functional python script that most everyone uses. [00:30]
jurov yes. but he wanted to make something with graphs iirc. [00:30]
mircea_popescu $RandomStr, [url=http://theeliteporn.com/]qpmjnfejb[/url], $RandomStr, [00:30]
mircea_popescu jesus blog comment spammers are getting more retarded by the month. [00:30]
BTC-Mining ... how would that be illegal in the US? [00:31]
mircea_popescu BTC-Mining right. lol. [00:31]
BTC-Mining Oh, wait... I remember what they say: "Everyone in the US is a criminal since everything is illegal." [00:32]
jurov coding [00:33]
dub why are project managers universally brain damaged [00:33]
BTC-Mining Because people that are not brain damaged are needed to do actual work. [00:34]
mircea_popescu actually... i'm a project manager. [00:34]
mircea_popescu the thing is, project managers who aren't brain damaged have much better titles even if what they mostly do is manage projects [00:35]
BTC-Mining That's why you put the smart one on a computer and the retard as the manager to whip the troop and be loud. [00:35]
copumpkin mircea_popescu is brain damaged [00:35]
copumpkin not sure it's a good counterexample [00:35]
mircea_popescu the ones without no better title than pm are like the reserve nobody ever picks [00:35]
mircea_popescu copumpkin im not brain damaged, i'm brain damaging. world of difference :D [00:35]
copumpkin oh, fair enough [00:35]
mircea_popescu lmao jurov what bs in that chatlog. [00:37]
mircea_popescu glbse was taking off ? in what paralel universe are we talking ? [00:37]
mircea_popescu thing was going to shit, the fact that i killed them back in may finally landed in their thick skulls, quick grab for as much money as possible ensued as part of the unwinding procedures. [00:37]
mircea_popescu has absolutely zero to do with any "laws". [00:38]
mircea_popescu the amount of scammers, I'd probably be happier on the regulated one for most things << what are you, retarded ?! seriously now. [00:38]
mircea_popescu glbse has a proven track record of scammer-promotion. [00:39]
Azelphur mircea_popescu: scammers be everywhere [00:39]
Azelphur glbse wasn't regulated [00:39]
mircea_popescu that's bullshit. [00:39]
mircea_popescu the thing existed to promote scams. [00:39]
BTC-Mining wait. Did you just attribute yourself the closure of GLBSE? [00:39]
EskimoBob "33:56 thestringpuller | EskimoBob: lets take down Usagi rough shim up." - funny :) I think usagi is taking himself down at the moment. Maybe this is his exit "strategy" and he is going to announce how he feels insulted and leaves for good. A girlish exit lol [00:39]
Azelphur perhaps but that's irrelephant to my statement [00:39]
mircea_popescu i don't appreciate the misguided attempt to turn that scandal into some sort of "oh, it's what it is" [00:39]
mircea_popescu BTC-Mining when you go from being the lone player in the market to struggling to keep your 20% share... [00:40]
mircea_popescu ya, you can try 6 month's denial. and then ? [00:40]
assbot [MPEX] [S.MPOE] 4200 @ 0.00040613 = 1.7057 BTC [-] [00:41]
EskimoBob mircea_popescu: I do not want to start any pissing contest here but whay do you think your exchange is any different than GLBSE (excluding the looks etc) [00:42]
mircea_popescu it's secure. [00:43]
EskimoBob anything else? [00:43]
mod6 and you don't allow any random moron to issue a security [00:43]
mircea_popescu it has a lot of volume. [00:43]
mircea_popescu it actually lists securities as opposed to scams [00:44]
Doffx Apparently there are only 2 people that are not moron's in his book [00:44]
mircea_popescu and on it goes, but i won't bother with all the many countless ways glbse was UNDER the minimum conceivable standard. [00:44]
EskimoBob and how is this "it's secure" makes the crapp issued there any less crappier than what GLBSE had listed? [00:44]
mircea_popescu Doffx the problem is that most people who would be worthy to list do not want to get involved with what glbse + the forum have convinced them "investors" are [00:44]
mircea_popescu ie, complete and utter idiots with no mony. [00:44]
jurov i just morally won an reddit argument r/MPEx, hear me roar: http://www.reddit.com/r/Bitcoin/comments/11i5tz/trading_on_biggest_bitcoin_stock_exchange_now_easy/ [00:45]
mircea_popescu EskimoBob have you bothered to read an actual contract there ? [00:45]
mircea_popescu your laziness to inform yourself isn't really my responsibility you know. [00:45]
* mircea_popescu looks [00:45]
EskimoBob yes, thye are funny amateurish copy/paste legalese bull crap [00:45]
Doffx Obviously there was plenty of BTC. [00:46]
mircea_popescu EskimoBob heh. [00:46]
Doffx As far as the investors go I dont really know how to answer that part. [00:46]
mircea_popescu Doffx think about it for a second. you've made some nice business that actually makes sense, economically. [00:46]
EskimoBob mircea_popescu: heh? That's it? Heh? :) [00:46]
mircea_popescu unlike the "i will pay you X from secret sources" a la obsi. [00:46]
mircea_popescu Doffx now go read the thread where evoorhees announces s.dice, and see what those assholes have to say. [00:47]
EskimoBob dude, you and Nefario/Glbse gang are actually the same :) [00:47]
mircea_popescu read the part where the girl explains to them they are fucking themselves over, and read their replies. [00:47]
EskimoBob just on looked a bit better [00:47]
mircea_popescu why would the owner want to be involved with the collection of retards that glbse has collected ? [00:47]
Doffx So alienate everyone instead? [00:47]
mircea_popescu EskimoBob you at some point have to come to terms with the harsh, cold reality that you calling something x or y has little power to make it be x or y. [00:48]
mircea_popescu Doffx "everyone" [00:48]
mircea_popescu people with 10 btc worth capital and 10k btc worth of bigmouth are NOT useful investors. [00:48]
EskimoBob mircea_popescu: calling everyone a retard is more like usagis line of defence or proof of some make believe shit [00:48]
mircea_popescu EskimoBob "everyone" [00:48]
mircea_popescu srsly, we need to stop with the everyone already. [00:49]
mircea_popescu it's inadequate to imagine you can speak for "everyone" on the internets. [00:49]
EskimoBob OK, everyone was overstatement but lets say most [00:49]
thestringpuller EskimoBob can I pm you? [00:49]
Doffx I agree that’s a stupid argument. People want to have a voice, and if educated and or kept informed are usually easy to work with. [00:49]
PsychoticBoy Am I everyone? [00:49]
mircea_popescu yes, i fully intend to allienate most self-declared investors on internet forums. [00:49]
EskimoBob and that cunt (you in a derss?) is really bad PR [00:49]
Doffx I think your just seeing a lot of fallout from Pirate, and now Glbse. [00:49]
mircea_popescu i actually think it is irresponsible as a business practice not to. [00:49]
Doffx Angry people. [00:50]
EskimoBob sure you can PM me [00:50]
dub mircea_popescu: true true, I have a pm buddy that is currently contracted to a bank, as CIO [00:50]
mircea_popescu Doffx this may well be very true. [00:50]
EskimoBob mircea_popescu: why not educate those retards a bit? [00:50]
mircea_popescu EskimoBob i educate with a whip. [00:50]
EskimoBob LOL [00:51]
mircea_popescu it works tho. [00:51]
EskimoBob not in the forum [00:51]
EskimoBob they start to cry and walk [00:51]
mircea_popescu ok. [00:51]
EskimoBob nothing has changed [00:51]
mircea_popescu then problem solved, they've selfselected. [00:51]
EskimoBob you lose [00:51]
mircea_popescu haha what exactly do i lose ?! [00:51]
EskimoBob no, you lose [00:51]
mircea_popescu this is like saying a college turning down applicants "loses" [00:51]
mircea_popescu no, it gains. [00:51]
EskimoBob potential customers [00:51]
Doffx I told you dummies it was a scam is not very educating, " I told you so " In general usually just puts people off and shuts them down completely. [00:51]
mircea_popescu they aren't either potential or customers. [00:51]
thestringpuller mircea_popescu: selection drives everything [00:52]
mircea_popescu thestringpuller yup. [00:52]
Doffx You have a chance to make Mpex the best thing out there I just dont think it will happen. [00:52]
mircea_popescu Doffx have you seen the girl's posts on the subject ? [00:52]
mircea_popescu for instance, the cdo post which everyone shunned and then COPIED ? [00:52]
mircea_popescu without even saying, hey, we learned this from X ? [00:52]
Doffx I have, I find her rude, and yes I know shes right it her tone. [00:52]
mircea_popescu i think i win plenty. [00:52]
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mircea_popescu let's give out some links [00:53]
mircea_popescu .g personal responsibility and the ponzi scam [00:53]
markac mircea_popescu: https://bitcointalk.org/index.php?topic=106391.0 [00:53]
Doffx I find her information useful at the same time she needs to tone it down. [00:53]
mircea_popescu .g mpex cdo roll call [00:53]
markac mircea_popescu: https://bitcointalk.org/index.php?topic=76515.20 [00:53]
mircea_popescu now compare the reaction to those two. do people whine about her tone ? surely. [00:54]
Doffx I'm not explaining that correctly, but she could really help people if she just went about it in a better way. [00:54]
mircea_popescu do they submit, obey and learn ? sure they do. [00:54]
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mircea_popescu beatings, frequent and vicious, are the only right way to educate. [00:54]
mircea_popescu there's no better way. [00:54]
mircea_popescu jurov "polimedia is a forged domain" ?! wtf does that even mean ?! [00:55]
jurov idk, just hat they insist it is registered on some restaurant address [00:55]
BTC-Mining ... it means... the domain... was crafted by a blacksmith [00:56]
BTC-Mining forged domain [00:56]
jurov forged ftw [00:56]
mircea_popescu http://www.reddit.com/r/Bitcoin/comments/11i5tz/trading_on_biggest_bitcoin_stock_exchange_now_easy/c6mvs1v someone could point out to him that well... s.dice is on coinbr / mpex lol [00:56]
mircea_popescu amusing how superficial people are tho. [00:57]
jurov i'm done with that discussion and fully satisfied. [00:57]
darkee anyone else got an glbse email about an hour ago about restored funds w/o having received anything? kinda makes me wonder if I actually fucked up and gave a wrong btc address for the payout but it's too late to even see which address I put in -.- [00:57]
BTC-Mining Why do people "invest" in SatoshiDice... [00:57]
BTC-Mining and by invest, I mean bet, not get shares [00:57]
mircea_popescu (if this makes anyone feel better, there were likely people who complained about the .us tld, because neustar sent an email, received proof they asked for, declared themsleves satisfied) [00:58]
mircea_popescu darkee a lot of people have, and many were here reporting being paid. [00:58]
mircea_popescu were you not ? [00:58]
mircea_popescu BTC-Mining well... it's quick. [00:58]
darkee not yet anyway, no :| [00:58]
mircea_popescu how much did you have ? [00:58]
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mircea_popescu (order of magnitude) [00:58]
darkee nothing significant, ~20 [00:59]
BTC-Mining eh, many have but haven't been paid [00:59]
darkee still would like to have them ;D [00:59]
copumpkin that's an order of magnitude [00:59]
copumpkin so 10^~20 [00:59]
copumpkin which is a decent chunk o' change [00:59]
mircea_popescu copumpkin evil [00:59]
darkee nah it's ~20 real not power of anything, although 10^20 would be quite nice ^^ [00:59]
BTC-Mining Guess I was lucky, was amongst the first to be paid and actually got paid. [00:59]
copumpkin I am known for being the most evil pumpkin in the land [00:59]
mircea_popescu darkee 20 is significant. some people never received anything but we put it down to rounding (which yes, is a horrible practice but what can you say) [01:00]
Azelphur copumpkin: don't forget that you're a fed too [01:00]
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mircea_popescu 20 is not a rounding error in any way tho [01:00]
copumpkin oh yeah? [01:00]
Azelphur indeed [01:00]
mircea_popescu he's not a fed, he's a geek [01:00]
darkee yea guess I'll wait and see until tomorrow, not like I can actually do anything about it for now anyway [01:00]
copumpkin I'm thinking of maybe changing job [01:00]
Azelphur mircea_popescu: a fedgeek :p [01:00]
mircea_popescu fagdick ? [01:01]
Azelphur close enough [01:01]
Azelphur copumpkin: what you thinking of changing to? :p [01:01]
copumpkin I was gonna become a janitor [01:01]
copumpkin bbiab [01:02]
* copumpkin has quit (Quit: Computer has gone to sleep.) [01:02]
mircea_popescu copumpkin are you one of those otakus that think the janitor always works in a teenage prison school for girls, mostly cleans underwear off the floor and ends up fucking the entire roster ? [01:02]
assbot [MPEX] [S.MPOE] 4896 @ 0.00040845 = 1.9998 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 53800 @ 0.00040954 = 22.0333 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 14171 @ 0.0004097 = 5.8059 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 20302 @ 0.00041016 = 8.3271 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 41500 @ 0.00041038 = 17.0308 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 51200 @ 0.0004133 = 21.161 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 37164 @ 0.00041387 = 15.3811 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 43735 @ 0.00041511 = 18.1548 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 2675 @ 0.00041533 = 1.111 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 24800 @ 0.0004165 = 10.3292 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 2300 @ 0.00041693 = 0.9589 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 12700 @ 0.00041704 = 5.2964 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 12600 @ 0.0004171 = 5.2555 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 42400 @ 0.00041713 = 17.6863 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 58541 @ 0.0004183 = 24.4877 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 51100 @ 0.00041887 = 21.4043 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 17600 @ 0.00041934 = 7.3804 BTC [+] [01:05]
assbot [MPEX] [S.MPOE] 1508516 @ 0.00042 = 633.5767 BTC [+] [01:05]
* jurov droppes underwear [01:05]
jurov *dropped [01:06]
mircea_popescu apparently i need to talk more about underwear. [01:06]
mircea_popescu is that what you meant Doffx ? [01:06]
Doffx ? [01:06]
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mircea_popescu You have a chance to make Mpex the best thing out there I just dont think it will happen. << [01:06]
Doffx I dunno the links you provided me just proves my point, she turns people away. [01:06]
mircea_popescu then, i talk about underwear, then 1.5mn shares sell [01:07]
Doffx I dont think it will happen and Ill be honest here. [01:07]
mircea_popescu because she's not "nice" to people ? [01:07]
Doffx You and her turn people away with your personalities. [01:07]
mircea_popescu listen, are you aware in the us people aren't even ALLOWED to invest unless they have millions in property ? [01:07]
Doffx Not because I dont think you have the best product. [01:07]
Doffx I invest, I dont have to invest in the bullshit markets to invest. [01:08]
mircea_popescu what do you invest in ? [01:08]
Doffx Ill be sitting pretty soon as this bullshit falls apart, provided I survive it. [01:08]
Doffx I dont want to talk about what I Invest in. [01:09]
mircea_popescu a ok. [01:09]
Doffx Bitcoin, investments sure. [01:09]
jurov please at least enlighten us, which product is the best, then? [01:09]
mircea_popescu now, the us implementation of many things is the pits, but most of the principles behind it are sound. [01:09]
Doffx I'm not attacking you either mircea_popescu because I listen to your advice when I find it valuable. [01:10]
mircea_popescu the notion that you shouldn't allow absolutely anyone to "invest" is, imo, sound. [01:10]
Doffx You and the girl understand whats going on with all these complicated investment strats, I certainly dont get them. [01:10]
mircea_popescu i guess it's also very impopular, given the very particular ethos of the bitcoin community, but something being impopular doesn't make it any less sound. [01:11]
jurov hehe, czechoslovakia of 1990's with millions of shareholders comes to mind [01:11]
mircea_popescu jurov or the great depression. you know that legend of the guy who overheard his domestics discussing share investments and decided to sell evertrthing ? [01:12]
jurov no [01:12]
mircea_popescu lemme dig for it. [01:12]
mircea_popescu Joseph Kennedy, father of the late John. F. Kennedy, made the family’s fortune by selling off all his stocks right before the 1929 crash. The carefully crafted media tale, says that Kennedy decided to sell his stocks after overhearing shoeshine boys speculating on the stock market. [01:13]
BTC-Mining the S.MPOE has a full 1 billion shares right? [01:13]
mircea_popescu BTC-Mining yes [01:13]
BTC-Mining eh, that's a lot of shares [01:13]
mircea_popescu s.dice will eventually have 100mn [01:13]
mircea_popescu (it already has, just 90mn of them are locked till ipo finishes) [01:14]
BTC-Mining .5 cent each [01:14]
mircea_popescu !ticker s.dice [01:14]
assbot [MPEX:S.DICE] 1day: 0.0032 / 0.0033525 / 0.00337 (75800 shares, 254.12 BTC), 30day: 0.0001 / 0.00300231 / 0.0034 (2040952 shares, 6,127.58 BTC) [01:14]
mircea_popescu ;;ticker [01:14]
gribble Best bid: 11.86, Best ask: 11.8812, Bid-ask spread: 0.02120, Last trade: 11.85, 24 hour volume: 35604, 24 hour low: 11.43, 24 hour high: 12 [01:14]
mircea_popescu .py 11.86 * 0.0033525 [01:14]
markac 0.03976065 [01:14]
mircea_popescu 4 cent yeah [01:14]
mircea_popescu omg penny market [01:15]
BTC-Mining 5 million valuation, earns ~10 - 25k per month [01:15]
matthewh3 the ex GLBSE asset 'RSM' is now going to use 'coloured coin' to prove ownership and pay dividends. We will look at helping shareholders issue there own assets on Open-Transaction servers valued against there coloured coins. We had enough investment for 180(GH/s) of ASIC's and will be saving 50% of profits towards buying more ASIC's. [01:15]
mircea_popescu conceptually tho, i think shares should really work in 1k blocks. so you know, like 40 dollars for "traditional share" [01:15]
mircea_popescu matthewh3 what's a colored coin ? [01:15]
BTC-Mining The whole coloured coin and Open-Transaction thing seems like a mess. [01:16]
mircea_popescu do they really mean black coin ?! [01:16]
BTC-Mining How does one keeps track of their colored coins? One wallet for each? [01:16]
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BTC-Mining and transfer them to others? [01:17]
BTC-Mining eh [01:17]
matthewh3 tho we are using this idea - https://bitcointalk.org/index.php?topic=117630.0 [01:17]
mircea_popescu There are other approaches, and the one I have taken is very simple, but it is a working solution (primitively duct-taped and glued together). [01:19]
mircea_popescu hm. this may not be such a good ideea with a live company [01:19]
mircea_popescu if that's what rsm is [01:19]
BTC-Mining I'd personally stay clear of any such option until there's convenient options for coloured coins. [01:19]
BTC-Mining I mean, you have a BTC address tied to asset holders, just use that for communication [01:20]
BTC-Mining People can sign requests with their current BTC address [01:20]
mircea_popescu . It will be paid to the same address which is registered as the owner of the colored coins - but the receiver will need to be careful when spending the dividends, so it doesn't accidentally spend the transaction that represents the share. [01:20]
mircea_popescu ow god. [01:20]
mircea_popescu while this is in principle a good ideea, the implementation is awful. [01:20]
BTC-Mining I can already see people accidentally spending them and people receiving random payments while holding said colored coins and being "wtf?" [01:21]
mircea_popescu yup [01:21]
mircea_popescu not only that, but here's a problem : if someone makes 1bn shares of something, this means 1bn satoshi are now out of circulation [01:21]
matthewh3 no the coloured coins are kept in there own blockchain.info/wallet and dividends go where you want [01:22]
BTC-Mining I don't see that as a problem... [01:22]
mircea_popescu tieing total float to total satoshi float is impossible.' [01:22]
matthewh3 then people can trade there ownership [01:22]
mircea_popescu this means there will never be more than 21`000`000`0000`0000 shares in total, of everything. [01:23]
mircea_popescu and you can't reuse the colored coins of dead assets. [01:23]
* copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets [01:23]
matthewh3 yes you can reuse coloured coins from dead assets [01:23]
mircea_popescu this seems to me a huge problem. [01:23]
mircea_popescu matthewh3 how ? [01:23]
matthewh3 read the threads I posted [01:24]
mircea_popescu dude srsly. [01:24]
mircea_popescu suppose PPT.A issued colored coins, that's some satoshis colored with PPT.A [01:24]
mircea_popescu that is now defunct [01:24]
mircea_popescu can i use those satoshis for my new company ? no, i can not, they have to be dead forever. [01:24]
BTC-Mining Because if you have dead coins in your possession, you can retag them again for another company I guess. [01:25]
mircea_popescu otherwise i inject shareholders into my new company that have no relation to it (provided they kept their original PPT.A colored coins) [01:25]
mircea_popescu BTC-Mining ya but i mean... [01:25]
matthewh3 central stock exchanges defeat the very idea of bitcoin [01:25]
BTC-Mining otherwise i inject shareholders into my new company that have no relation to it (provided they kept their original PPT.A colored coins) [01:25]
matthewh3 coloured coins and smart property are the future [01:25]
mircea_popescu matthewh3 that's nonsense. bitcoin is bitcoin, not stock exchange. [01:25]
BTC-Mining No, because you don't have the coins from all shareholders [01:26]
BTC-Mining Just part of them and those get recolored. [01:26]
mircea_popescu BTC-Mining i was just envisaging a sort of ICANN mess for satoshi-colored property. [01:26]
BTC-Mining They basically overlap. [01:26]
BTC-Mining But doesn't affect shareholders who kept colored coins of dead assets. [01:26]
mircea_popescu BTC-Mining so then i could color some active companie's coins with my own colors, arbitrarily [01:26]
mircea_popescu now a guy holding that double colored coin can't get rid of only one of the two [01:27]
BTC-Mining Yes. Now the coins you colored have 2 colors. [01:27]
mircea_popescu ouch. [01:27]
mircea_popescu ok, this is a horrible idea. [01:27]
matthewh3 pleb [01:27]
mircea_popescu dude you can't be creating medieval-style tokens of indivisible ownership [01:27]
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BTC-Mining Well, yeah. I find so too. [01:28]
matthewh3 goes against your Mpex maybe but coloured coins and smart property are the future of bitcoin [01:28]
mircea_popescu how exactly does it go against my mpex ? [01:28]
BTC-Mining Nah, it's a mess [01:28]
mircea_popescu if i thought the idea has any merit i could go in and dominate the lot of you lol. [01:28]
BTC-Mining I'm in favor of each company issuing their own centrally managed blockchain and leaving Bitcoins alone. [01:28]
mircea_popescu BTC-Mining this may work, especially with merged mining [01:28]
matthewh3 *yawns [01:29]
mircea_popescu tho it's quite the barrier to entry to new issuers, so there would be requirement for specialised issuers to service them [01:29]
mircea_popescu and then those mgiht want to only run 1 chain for all the assets they manage [01:29]
mircea_popescu (there's the problem of chainbloat, if you have 100 chains of 2gb each going on your hdd) [01:29]
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matthewh3 once bitcoin market cap goes up the governments will be interested and central exchanges will be the first target. with coloured coins p2p exchanges are possible. [01:31]
assbot [MPEX] [S.MPOE] 35581 @ 0.00040613 = 14.4505 BTC [-] [01:31]
assbot [MPEX] [S.MPOE] 20419 @ 0.00040609 = 8.292 BTC [-] [01:31]
mircea_popescu this may be a good point, but the problems are technical not political atm. [01:31]
mircea_popescu there's any number of ways to implement a p2p exchange, this one's pretty much a hack. [01:31]
BTC-Mining bah, best yet, have each issuer have their own 1 security exchange script and let people trade on it. [01:31]
BTC-Mining If the exchange fails, no other security is affected. [01:32]
mircea_popescu BTC-Mining the costs of maintaining this are non trivial. [01:32]
mircea_popescu rather than put each egg on top of a traffic light, you might be better off putting all eggs in one basket and watching that basket. [01:32]
BTC-Mining yeah [01:32]
BTC-Mining Well colored coins could work if they were on their own blockchain and were not divisible (1 coin = 1 share) and not recolorable. [01:33]
BTC-Mining You can then trade those coins for Bitcoins at whatever rate you wish. [01:34]
matthewh3 that's the basic idea 2nd part [01:34]
BTC-Mining You could even use the same address. Like if you have 1 sharecoin on address xyz, dividends in bitcoins are sent to bitcoin address xyz [01:35]
mircea_popescu that last point is particularly good. [01:35]
BTC-Mining You just have two clients watching a different blockchain but using the same address. [01:35]
matthewh3 coloured coins can be traded at will p2p only at the moment the dividend address need changing manually on trading them. [01:35]
cellofellow I'm assuming you don't mean a peer to peer BTC-to-USD exchange? (That'd be cool, though. Not sure how it'd work though.) [01:36]
matthewh3 no [01:36]
mircea_popescu have a 2ndary chain, which a. can be mergedmined with btc ; b. uses identical addressspace to btc ; has infinite number of coins. [01:36]
BTC-Mining yes [01:36]
* cellofellow just jumps into a conversation again [01:36]
mircea_popescu cellofellow no, we discussing securities [01:36]
cellofellow like stocks? [01:36]
mircea_popescu yea [01:36]
cellofellow nifty [01:36]
mircea_popescu this is what this chan is about, hence -assets. [01:36]
cellofellow ah [01:36]
mircea_popescu BTC-Mining actually with a little help the main client could have a stocks tab [01:37]
BTC-Mining that's what we need. I'm pretty sure the sharecoin concept was already proposed however. [01:37]
matthewh3 using coloured coins to prove ownership and pay dividends [01:37]
BTC-Mining mircea_popescu: yeah [01:37]
mircea_popescu o god i think i came a little. [01:37]
mircea_popescu now THAT is the future. [01:37]
cellofellow better get coding ;-) [01:37]
mircea_popescu i'm no coder [01:37]
mircea_popescu im a finance type [01:38]
cellofellow then fincance a coder I guess :) [01:38]
mircea_popescu lol now that might be an idea :D [01:38]
BTC-Mining matthewh, no colored bitcoins. I don't like the idea of mixing bitcoins with shares. [01:38]
BTC-Mining another blockchain using the same address space [01:38]
matthewh3 I've already put up a bounty for continued coloured coins development [01:38]
BTC-Mining ah, where? [01:39]
mircea_popescu cellofellow tbh this would be a huge effort, nothing for 1 person. we're still playing around the outskirts of specifying it yet anyway. [01:39]
mircea_popescu BTC-Mining how would miners of 2nd chain be paid ? [01:39]
mircea_popescu something like, 1 share of each type existant per block mined ? [01:39]
mircea_popescu fixed btw ? [01:39]
mircea_popescu btc* [01:40]
cellofellow 1 coder-size jobs don't usually need much funding, but bigger ones would need to be, so once your ideas are somewhat concrete, you know what to do I guess. [01:40]
* cellofellow needs to study history text before taking bus home. [01:41]
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matthewh3 then all we need is a p2p way to trade coloured coins for normal coin [01:42]
BTC-Mining mircea_popescu... eh... would have to think about that. [01:47]
mircea_popescu is the biggest hole i can see right now. [01:47]
mircea_popescu maybe fixed btc payment per block could work, if the entire thing is administered by some sort of central authority like a professional association of the stock exchanges [01:47]
mircea_popescu exept... now it's centralised again. [01:47]
mircea_popescu to make it purely uncentralised would really require some hm [01:48]
BTC-Mining I suppose the blockchain could support permanent tainting of coins by the current holders if signed by the holder's address [01:48]
BTC-Mining as such, to issue shares, an asset manager would have to buy blank coins from a miner [01:48]
mircea_popescu ya but how do you pay the miners ? [01:48]
mircea_popescu which one lol [01:48]
mircea_popescu o o o i see what you mean! [01:48]
mircea_popescu hey, this is actually a good ideea. [01:48]
mircea_popescu so miners get the blanks [01:49]
BTC-Mining We just need to have this done... [01:49]
mircea_popescu and there's no reward reduction, you just keep getting 1 bn new coins each block [01:49]
mircea_popescu i think someone should run this by gavin and gang. [01:49]
mircea_popescu hey Luke-Jr are you around a sec ? [01:49]
Luke-Jr ? [01:50]
mircea_popescu i wanna run an idea by you. [01:50]
mircea_popescu so proposed is a paralel blockchain which can be mergedmined with btc and shares the same address space (ie, same key signatures as btc addresses) [01:50]
mircea_popescu miners get 1bn coins per block mined, and coins are perma-tained. [01:50]
dub inb4 scamcoin [01:50]
mircea_popescu this could work as a support for a p2p stocks accounting system [01:51]
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mircea_popescu whoever wants to issue shares has to buy the blanks from a miner that has them blank [01:51]
Luke-Jr … [01:51]
mircea_popescu there's no reward halving or anything. [01:51]
mircea_popescu does this make any sense whatsoever ? [01:51]
Luke-Jr no [01:51]
mircea_popescu can you ellaborate ? [01:51]
Luke-Jr TD and jgarzik are already working on some kind of smart property system within Bitcoin [01:52]
mircea_popescu i know about that. [01:52]
Luke-Jr that's what #bitcoin-dev is for [01:52]
Luke-Jr <.< [01:52]
mircea_popescu can you get a little over the procedural issues and just discuss on the merits ? [01:52]
BTC-Mining Why does it has to use the Bitcoin blockchain? [01:52]
Luke-Jr BTC-Mining: how else can you guarantee payment? [01:53]
dub might be better with a 'energy lite' coin like a PoS [01:53]
BTC-Mining Luke-Jr, by having both the sharecoins and bitcoins sharing the same address space [01:53]
Luke-Jr BTC-Mining: the way they're doing it, a single transaction changes ownership of the stock and also remits the payment for it [01:53]
Luke-Jr BTC-Mining: address space is irrelevant [01:54]
BTC-Mining the address holding the sharecoin gets paid the bitcoins [01:54]
BTC-Mining Aye, but having to isolate colored coins in the Bitcoin blockchain and provide a mechanism to not spend them yet receive Bitcoins directly on the same address seems unpractical. [01:55]
Luke-Jr BTC-Mining: and if he never gives the shares over? [01:55]
Luke-Jr BTC-Mining: Bitcoin-Qt 0.7 added a raw transaction API just for things like this [01:56]
BTC-Mining Excellent then. [01:56]
assbot [MPEX] [S.MPOE] 31581 @ 0.00040609 = 12.8247 BTC [-] [01:56]
assbot [MPEX] [S.MPOE] 27419 @ 0.00040606 = 11.1338 BTC [-] [01:56]
mircea_popescu in fact atomicity of transaction is a huge deal. [01:57]
mircea_popescu so prolly this idea is no good simply on the grounds that it has nop way to guarantee it. [01:57]
BTC-Mining Wait, if someone never gives the share? You mean like an exchange of colored coins/bitcoins being preauthorized so the exchange is made together safely? [01:58]
BTC-Mining Without any third party? [01:58]
Luke-Jr right [01:59]
Luke-Jr there's a single transaction that transfers the payment (in Bitcoins) and also transfers the stocks [01:59]
Luke-Jr both parties sign it [01:59]
BTC-Mining Well that would be a huge plus in favor of keeping everything on the same blockchain [01:59]
mircea_popescu exactly. [01:59]
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mircea_popescu Luke-Jr thanks :) [02:00]
Luke-Jr imagine a day where cars check the blockchain to validate the key opening them :P [02:00]
mircea_popescu i like jgarzik more and more. [02:00]
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BTC-Mining Yes, but with bitcoins being divisible indefinitly and being a deflationary currency, wouldn't you run into the risk a colored coin becoming more valuable than the underlying asset or being colored multiple time? [02:02]
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mircea_popescu divisible indefinitly << this is false [02:03]
mircea_popescu there are no more than 21`000`000`0000`0000 bitcoin units. [02:03]
BTC-Mining It could be changed if needed [02:03]
mircea_popescu it could, yea. [02:03]
BTC-Mining There's technically no limit to how much we could further allow it to be split. [02:04]
mircea_popescu but see, if you later add further subdivision [02:04]
BTC-Mining Just a limit on how much is created [02:04]
mircea_popescu the current satoshis will still be high not low bits. [02:04]
BTC-Mining Also any share blackholed would forever get dividends being blackholed... [02:04]
BTC-Mining Although I guess we could consider that a share donated to the whole bitcoin economy at large... [02:05]
BTC-Mining With dividends benefitting every holder. [02:05]
mircea_popescu this is somewhat of a problem, blackholed shares [02:07]
BTC-Mining Well no really, any blackholed dividends going to those shares would reduce circulating Bitcoins, raising value of remaining Bitcoins. [02:08]
BTC-Mining So it would really be like dividends spread to every other bitcoin holder. [02:08]
Luke-Jr BTC-Mining: the coloured coins are 0 value [02:13]
BTC-Mining ?? [02:14]
Luke-Jr amount = 0x0000000000000000 satoshis [02:14]
BTC-Mining Oh... [02:14]
Luke-Jr Bitcoin does not have rule that coins must have a positive value [02:14]
Luke-Jr just non-negative :P [02:14]
noagendamarket lol [02:14]
BTC-Mining Wow... wasn't aware that was even possible [02:15]
BTC-Mining So basically anyone could create as much 0 value coins and mark them. [02:15]
Luke-Jr p2pool uses it for a hack merged mining optimization [02:15]
Luke-Jr if miners accept it [02:15]
Luke-Jr I don't think any miners accept 0-value coins without a fee right now [02:15]
BTC-Mining Well technically, miners accept transactions with their set minimum fee, so shouldn't having a big enough fee along the zero value coins work? [02:17]
Luke-Jr hence "without a fee" [02:17]
Luke-Jr Eligius will charge more than ordinary for a zero-value coin [02:17]
mircea_popescu ahahahah kickass [02:17]
BTC-Mining Well we already pay fees to trade shares on exchanges like MPEx or defunct GLBSE [02:17]
Luke-Jr right [02:18]
BTC-Mining I don't see sending a fee with those zero value coins as a problem at all [02:18]
mircea_popescu dude i want to know if satoshi DID THIS ON PURPOSE [02:18]
BTC-Mining tough luck mircea, he's no longer around [02:18]
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rdponticelli I won't be so sure [02:18]
rdponticelli We just don't know who he is [02:19]
mircea_popescu it's the butler. [02:19]
rdponticelli It's always the butler... [02:19]
noagendamarket probably jed Mccaleb [02:19]
BTC-Mining But I have just found a renewed love for Bitcoins over a feature I wasn't aware of. [02:19]
mircea_popescu BTC-Mining funny how that works. [02:21]
mircea_popescu but it's so damn clever this thing. [02:21]
mircea_popescu people keep whining about jail ? fuck it, i see little problem in going to jail for bitcoin. i'm a bitcoin patriot. [02:21]
assbot [MPEX] [S.MPOE] 644 @ 0.00040741 = 0.2624 BTC [+] [02:22]
assbot [MPEX] [S.MPOE] 28856 @ 0.00040871 = 11.7937 BTC [+] [02:22]
rdponticelli Maybe I could concentrate a lot more if I was in jail... [02:22]
mircea_popescu ikr ? less bitches rubbing into me while im trying to type, more predictable schedule... [02:23]
noagendamarket its different for people with families [02:23]
mircea_popescu people with families have no business dicking around the fronteer. [02:24]
mircea_popescu especially not if they're going to whine about their families then. [02:24]
noagendamarket of course [02:24]
rdponticelli People with families are already on the dead end [02:24]
Luke-Jr ok, I guess you just kicked all the developers out of the bitcoin project… [02:24]
rdponticelli I'm refusing to enter there [02:24]
rdponticelli lol [02:25]
noagendamarket Most of the developers have families and kids :D [02:25]
rdponticelli No, we need people with families too [02:25]
mircea_popescu Luke-Jr do you know of that guy that renounced us citizenship to be able to do cryptography in peace ? [02:25]
Luke-Jr mircea_popescu: no [02:26]
mircea_popescu Vincent Cate [02:26]
mircea_popescu lives in like... hm. some A place. [02:26]
mircea_popescu http://www.efc.ca/pages/media/nytimes.06sep98.html there [02:26]
mircea_popescu anguilla. [02:27]
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noagendamarket I wonder why you cant renounce citizenshipo while youre still in the country [02:27]
Diablo-D3 you can [02:28]
Diablo-D3 you'll just be immediately arrested and deported [02:28]
mircea_popescu where to ? [02:28]
noagendamarket what the [02:28]
mircea_popescu the united states ? [02:28]
Diablo-D3 oh, easy [02:28]
Diablo-D3 the sun [02:28]
mircea_popescu lolright. [02:28]
Diablo-D3 actually Im kidding [02:29]
noagendamarket if you try to tell the cops you have no citizenship they still tazer you :P [02:29]
Diablo-D3 they'll just execute you for being a foreign spy [02:29]
thestringpuller has anyone used bitcrow? [02:29]
mircea_popescu "There's less chance of getting in any trouble with the U.S. government and there's also less chance of getting shot by a terrorist" [02:30]
mircea_popescu this was 3 years before 7/11 [02:30]
Luke-Jr 9/11? [02:30]
mircea_popescu ya that. [02:31]
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assbot [MPEX] [S.MPOE] 7300 @ 0.00040606 = 2.9642 BTC [-] [02:48]
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smickles "I fail to faglow" wise words from mircea_popescu [02:56]
mircea_popescu lol? [02:56]
noagendamarket did usagi forget to take their meds ? [02:59]
smickles mircea_popescu: http://imgur.com/LEqTl [03:04]
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mircea_popescu a haha [03:09]
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assbot [MPEX] [S.MPOE] 3181 @ 0.00040606 = 1.2917 BTC [-] [03:13]
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thestringpuller whats the news on usagi? [03:19]
mircea_popescu Mithridates married his first young sister Laodice. Laodice was 16 years old and was her brother’s first wife. Mithridates married Laodice to preserve the purity of their blood-line, as a wife to rule with him as a sovereign over Pontus, to ensure the succession to his legitimate children, and to claim his right as a ruling monarch. [03:20]
dub too old [03:22]
mircea_popescu well they didn't have internets back then [03:23]
smickles oh no, bitcoin has taken over my mind [03:26]
smickles i just tried to use the command "ifcoinfig" [03:26]
dub lulz [03:27]
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dub but really, the 80s calledplease return their retarded tools [03:28]
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smickles what do you use to find out an unknown local ip? [03:28]
dub iproute2 (ip addr) [03:29]
smickles okies, i'll check it out :) [03:29]
mircea_popescu if coin is a fig ? [03:29]
dub inb4 fagBSD [03:30]
smickles ;;bc,stats [03:32]
gribble Current Blocks: 203469 | Current Difficulty: 3054627.5269486 | Next Difficulty At Block: 203615 | Next Difficulty In: 146 blocks | Next Difficulty In About: 23 hours, 45 minutes, and 56 seconds | Next Difficulty Estimate: 3061065.26839779 | Estimated Percent Change: 0.210753729952 [03:32]
smickles oh, not a drop? [03:32]
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dub not looking likely [03:33]
smickles ;;ticker [03:34]
gribble Best bid: 11.86396, Best ask: 11.9897, Bid-ask spread: 0.12574, Last trade: 11.86396, 24 hour volume: 26620, 24 hour low: 11.43, 24 hour high: 11.9899 [03:34]
smickles oh, bact to >11.85? [03:34]
smickles *back [03:34]
smickles ;;bt,24hrprc [03:35]
gribble Error: "bt,24hrprc" is not a valid command. [03:35]
smickles ;;bt,24hprc [03:35]
gribble Error: "bt,24hprc" is not a valid command. [03:35]
smickles ;;bc,24hprc [03:35]
gribble 11.68 [03:35]
assbot [MPEX] [S.MPOE] 44619 @ 0.00040587 = 18.1095 BTC [-] [03:39]
assbot [MPEX] [S.MPOE] 11344 @ 0.00040871 = 4.6364 BTC [+] [03:39]
assbot [MPEX] [S.MPOE] 49348 @ 0.00040982 = 20.2238 BTC [+] [03:39]
assbot [MPEX] [S.MPOE] 55044 @ 0.00041087 = 22.6159 BTC [+] [03:39]
assbot [MPEX] [S.MPOE] 13600 @ 0.0004177 = 5.6807 BTC [+] [03:39]
assbot [MPEX] [S.MPOE] 6000 @ 0.00041888 = 2.5133 BTC [+] [03:39]
assbot [MPEX] [S.MPOE] 420045 @ 0.00042 = 176.4189 BTC [+] [03:39]
rdponticelli It's monday [03:39]
rdponticelli Weekend dip is over [03:40]
dub lewl [03:40]
dub I herd kim dotcom sold some bitcoins [03:40]
rdponticelli Somebody is pretty determined to buy all the S.MPOE [03:41]
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rg anyone here interested in ordering dinner for me [03:44]
rg in exchange for btc? [03:44]
rg i cant find anyone in -otc [03:44]
* Fiddle (~Fiddle@dslb-188-101-243-238.pools.arcor-ip.net) has joined #bitcoin-assets [03:45]
dub sure, If I get to choose what you have [03:45]
rg heh no [03:45]
dub one full bag of hamster dicks enroute [03:45]
BTC-Mining eh, rg, I would but [03:46]
BTC-Mining Thing I don't like with that is it appears on my credit card/banking statements [03:46]
BTC-Mining Which would require me to convert more bitcoins to fiat to pay bills [03:46]
BTC-Mining Which looks like income. [03:47]
BTC-Mining Which I report and pay taxes on. [03:47]
BTC-Mining I just don't want to explain that the money appearing in my account is not income but that I make credit card purchases for others. [03:48]
BTC-Mining I would actually like everything to be transactable directly into bitcoins... [03:48]
BTC-Mining with* [03:48]
rg lol so ' no ' [03:49]
BTC-Mining yeah [03:49]
BTC-Mining I think I'd have to be registered as a money transfer service to make credit card payments for people and deduct them from income. [03:50]
BTC-Mining Even so... [03:51]
BTC-Mining Otherwise if my tax reports are investigated, it's kind of hard to explain why you deducted a payment to a restaurant from your income. [03:51]
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* Diablo-D3 has quit (Ping timeout: 276 seconds) [03:58]
* rg reports btc-mining to the sec [04:00]
* MrTeal (~MrTeal@64-201-204-104.sktn.hsdb.sasknet.sk.ca) has joined #bitcoin-assets [04:01]
dub ./BTC-mining -vvvvvvvvvvvvvvvv [04:01]
dub amirite? [04:01]
assbot [MPEX] [S.MPOE] 10000 @ 0.00041999 = 4.1999 BTC [-] [04:05]
assbot [MPEX] [S.MPOE] 31128 @ 0.00042 = 13.0738 BTC [+] [04:05]
* noagendamarket has quit (Remote host closed the connection) [04:10]
pigeons i dont have iproute2 either [04:17]
dub do you have linux? [04:20]
pigeons yes [04:21]
* MrTeal has quit (Ping timeout: 246 seconds) [04:22]
dub the binary is called 'ip' [04:22]
pigeons i did apt-file search, i see its in iproute, i don't have that installed [04:23]
pigeons ok cool i'll check it out [04:23]
dub anything debian based should have it stock [04:23]
pigeons yeah i see it now, ip [04:23]
smickles https://bitcointalk.org/index.php?topic=112443.msg1222159#msg1222159 lol [04:29]
smickles and dub, thanks for the recomendation of that tool :) [04:29]
dub it is your friend [04:30]
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assbot [MPEX] [S.MPOE] 33200 @ 0.00041552 = 13.7953 BTC [-] [04:31]
dub problem is that once in a blue moon someone will ask you to operate a less civilised unix and enragement will ensue as you fumble around without it [04:31]
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mircea_popescu BTC-Mining are you kidding ? i deduct tons of restaurant bills. [04:39]
mircea_popescu business expense. [04:39]
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BTC-Mining eh [04:48]
* Diablo-D3 (~diablo@pool-64-222-225-145.port.east.myfairpoint.net) has joined #bitcoin-assets [04:49]
thestringpuller mircea_popescu: learn to cook [04:51]
thestringpuller ^^;; [04:51]
assbot [MPEX] [S.MPOE] 20943 @ 0.00042 = 8.7961 BTC [+] [04:56]
dub or just hire me [04:57]
dub I'd consider a corporate chef type gig in a porno empire [04:58]
mircea_popescu TheSeven are you kidding ? i'm a cook master. [05:12]
mircea_popescu http://polimedia.us/trilema/2012/lets-cook-shrimp-and-pasta/ :D [05:12]
* TheSeven cooks other stuff: http://imgur.com/a/BmA4i#0 [05:15]
dub mmm crispy pcb [05:15]
dub mircea_popescu: that is an abomination [05:16]
TheSeven yes, nice rpi extension board :) [05:16]
assbot [MPEX] [S.MPOE] 4099 @ 0.00042 = 1.7216 BTC [+] [05:22]
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copumpkin oh man [05:29]
copumpkin we discover more about -PR [05:29]
thestringpuller copumpkin: ? [05:29]
copumpkin oh nothing [05:30]
copumpkin just stalking mircea_popescu via -PR [05:30]
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mircea_popescu copumpkin oh ? [05:33]
copumpkin I know all about her! [05:34]
mircea_popescu liek ? [05:34]
copumpkin her name! [05:34]
mircea_popescu i thought you had a gf. [05:34]
copumpkin oh, I do [05:34]
* thestringpuller gets the popcorn [05:35]
copumpkin I was just trying to figure out if she was a real person or just your feminine alter ego [05:35]
copumpkin and it turns out she is real! [05:35]
mircea_popescu i toldja lol [05:35]
mircea_popescu dub why abomination ?! [05:36]
BTC-Mining uh, what's the problem with those shrimp pastas? [05:38]
dub ignore me [05:39]
dub I'm a food snob [05:39]
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smickles huh, so usagi keeps bumping the fuck out of that thread i started [05:40]
smickles and in one post he wrote "I'm going back to sleep and if Smickles posts this publicly I won't bother commenting here further. " which i don't understand because this post was, in fact, posted by him [05:41]
copumpkin oh, usagi is active on the forum? [05:43]
mircea_popescu very [05:43]
mircea_popescu dub but srsly, what's the issue ? [05:43]
smickles very bery [05:43]
mircea_popescu also, you ppl must see http://polimedia.us/trilema/2012/bandaged/ [05:43]
smickles mircea_popescu: show him when you cooked bacon that one time [05:43]
mircea_popescu um which one ? [05:44]
BTC-Mining Bitcointalk.org should have a tutorial when you register. You start in a cave and an old man says: "It's dangerous to go alone. Take this." Upon which point you receive a bag containing the following books: "Trolling for Dummies", "Living Among the Trolls", "Trollslaying 101" & "How to Troll Further" [05:44]
smickles didn't jcpham put it on youtube? [05:44]
dub mircea_popescu: I'll have to look again, but what flavor or seasoning? just the 'shrimp'? [05:44]
mircea_popescu heh you're not a food snob, you're an internet superficialist. [05:44]
mircea_popescu read teh textual strings of letters! [05:44]
dub also your roux is going to taste liks shit [05:44]
mircea_popescu cause whai! [05:44]
dub cause its cooked too quickly for one [05:45]
mircea_popescu lmao you intuit from stills how fast it cooks ?! [05:45]
kakobrekla maybe he checked exif [05:46]
* mircea_popescu checks exif [05:46]
smickles O_0 [05:46]
mircea_popescu lol seems legit. exif is all fuxed up. [05:47]
assbot [MPEX] [S.MPOE] 19864 @ 0.00041951 = 8.3331 BTC [-] [05:47]
assbot [MPEX] [S.MPOE] 22636 @ 0.00041639 = 9.4254 BTC [-] [05:47]
thestringpuller i'm sold on Bandaged [05:49]
dub mircea_popescu: its not bad [05:51]
mircea_popescu aok [05:52]
dub the roux cooked in there offends me a little [05:52]
mircea_popescu why tho ? [05:53]
dub classical training [05:53]
mircea_popescu a. i'm beyong ecclectic. [05:54]
smickles be young [05:59]
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assbot [MPEX] [S.MPOE] 8000 @ 0.00041766 = 3.3413 BTC [+] [06:12]
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mircea_popescu He is currently the Frederick P. Rose Director of the Hayden Planetarium at the Rose Center for Earth and Space [06:20]
mircea_popescu this abominable bullshit has to cease. [06:20]
mircea_popescu i Bill Clinton mean this Barack Obama bullshit has to John Perry cease. [06:21]
assbot [MPEX] [O.BTCUSD.P200T] 6 @ 0.71152992 = 4.2692 BTC [-] [06:29]
assbot [MPEX] [O.BTCUSD.P170T] 1 @ 0.46756602 BTC [+] [06:31]
assbot [MPEX] [O.BTCUSD.P170T] 17 @ 0.45435043 = 7.724 BTC [-] [06:31]
smickles mircea_popescu: is the volume on options down recently? [06:32]
mircea_popescu prolly [06:32]
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* Smoovious has quit (Ping timeout: 260 seconds) [06:43]
mircea_popescu During the week ending October 3rd, investors pulled more than 10 billion dollars out of U.S. mutual funds. Overall, a total of more than 100 billion dollars has been pulled out of U.S. mutual funds so far this year. [06:44]
mircea_popescu coming to btc ? :D [06:44]
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smickles jeez, evoorhees is such a scammer https://bitcointalk.org/index.php?topic=118650.0 [06:56]
assbot [MPEX] [S.MPOE] 4475 @ 0.00041639 = 1.8633 BTC [-] [06:56]
smickles mircea_popescu: how much money is usually pulled out of mutual funds? [06:57]
mircea_popescu well some years they get a net inflow obviously [06:57]
mircea_popescu overall they have some trillions under management, so it's not like they were crunched for half or anything [06:57]
smickles mircea_popescu: oh, so 'pulled out' was a net number? [07:01]
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mircea_popescu lemme get you the link [07:02]
mircea_popescu http://buzz.money.cnn.com/2012/10/11/investors-stocks-inflows-outflows/ [07:02]
rg ;;asks 15 [07:03]
gribble There are currently 82972.165 bitcoins offered at or under 15.0 USD, worth 1112997.84801 USD in total. [07:03]
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* B0g4r7_ is now known as B0g4r7 [07:04]
smickles ;;market buy 10000000000 [07:05]
gribble This order would exceed the size of the order book. You would buy 132263.32 bitcoins, for a total of 2854946344805.6753 USD and take the price to 1337000001337.0000. [07:05]
smickles mwahahah! [07:05]
smickles ;;bc,stats [07:06]
gribble Current Blocks: 203491 | Current Difficulty: 3054627.5269486 | Next Difficulty At Block: 203615 | Next Difficulty In: 124 blocks | Next Difficulty In About: 20 hours, 13 minutes, and 8 seconds | Next Difficulty Estimate: 3062275.90012393 | Estimated Percent Change: 0.250386441812 [07:06]
smickles .py 203491*50 [07:06]
markac 10174550 [07:06]
assbot [MPEX] [S.MPOE] 31400 @ 0.00041755 = 13.1111 BTC [+] [07:22]
assbot [MPEX] [S.MPOE] 6500 @ 0.00042 = 2.73 BTC [+] [07:22]
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BTC-Mining ... can someone explains me this: http://lolsnaps.com/upload_pic/JustAnotherSoccerFight-47959.gif [07:35]
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Diablo-D3 BTC-Mining: its common to fake injury [07:39]
BTC-Mining No, no... They make those people out of glass [07:40]
mircea_popescu lmao [07:40]
BTC-Mining No other explanation [07:40]
Diablo-D3 nope, its a soccer thing [07:40]
Diablo-D3 I hate sports, and dont watch soccer, but I know this [07:41]
BTC-Mining Nah, they abduct people, removes the bones and replace them with glass, then forces them to play and hit themselves. [07:42]
BTC-Mining Acting lessons were too expensive. [07:43]
assbot [MPEX] [S.MPOE] 379 @ 0.00041639 = 0.1578 BTC [-] [07:47]
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Diablo-D3 http://boingboing.net/2012/10/15/winners-of-the-pirate-flix-vid.html [07:50]
smickles ok, mircea_popescu i'm sure there's an arb op here b/t mpex options and the future on icbit.se [08:02]
smickles like, i just /know it/ [08:04]
* smickles squints and thinks really hard [08:05]
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assbot [MPEX] [S.MPOE] 2210 @ 0.00041639 = 0.9202 BTC [-] [08:14]
assbot [MPEX] [S.MPOE] 3304 @ 0.00041552 = 1.3729 BTC [-] [08:14]
assbot [MPEX] [S.MPOE] 11263 @ 0.00041522 = 4.6766 BTC [-] [08:14]
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dub Your GLBSE account has been partially processed for bitcoin [08:32]
assbot [MPEX] [S.MPOE] 21592 @ 0.00042 = 9.0686 BTC [+] [08:40]
mircea_popescu smickles it has volume now ? [08:45]
mircea_popescu the one time i looked (maybe a week or two ago) it was ~1btc [08:45]
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assbot [MPEX] [S.MPOE] 3300 @ 0.0004169 = 1.3758 BTC [-] [09:05]
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assbot [MPEX] [S.MPOE] 4400 @ 0.0004169 = 1.8344 BTC [-] [09:34]
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mircea_popescu in case you were wondering : http://polimedia.us/trilema/2012/clear-signs-that-youre-gay-you-dont-even-know-about/ [09:36]
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assbot [MPEX] [S.MPOE] 27000 @ 0.0004169 = 11.2563 BTC [-] [09:59]
assbot [MPEX] [S.MPOE] 1400 @ 0.00041679 = 0.5835 BTC [-] [09:59]
assbot [MPEX] [S.MPOE] 7400 @ 0.00041586 = 3.0774 BTC [-] [09:59]
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assbot [MPEX] [S.MPOE] 5000 @ 0.00041586 = 2.0793 BTC [-] [10:25]
assbot [MPEX] [S.MPOE] 38127 @ 0.00041522 = 15.8311 BTC [-] [10:25]
assbot [MPEX] [S.MPOE] 773 @ 0.00041519 = 0.3209 BTC [-] [10:25]
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assbot [MPEX] [S.MPOE] 7900 @ 0.00041787 = 3.3012 BTC [+] [10:51]
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assbot [MPEX] [S.MPOE] 21673 @ 0.00041519 = 8.9984 BTC [-] [11:17]
assbot [MPEX] [S.MPOE] 19227 @ 0.00041517 = 7.9825 BTC [-] [11:17]
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* Now talking on #bitcoin-assets [15:20]
* Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://polimedia.us/mpex || https://coinbr.com || https://cryptostocks.com || https://icbit.se || https://therocktrading.com || https://assets-otc.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || Net Chart: http://bit.ly/RMjqah || a biased message: http://smpake.com || http://bit4x.com [15:20]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Sun Oct 7 19:47:13 2012 [15:20]
jurov smicklez is keen to contracts [15:23]
mircea_popescu MrTiggr Cannot GET /images/socnet/bitcoin-assets/bitcoin-assets-current.png [15:23]
mircea_popescu ahaha the "colored coins" stupidity is actually meni rosenfeld's idea ? [15:25]
mircea_popescu why am i not surprised it's stupid ? [15:25]
assbot [MPEX] [S.MPOE] 5090 @ 0.00041751 = 2.1251 BTC [+] [15:34]
assbot [MPEX] [S.MPOE] 9910 @ 0.00041772 = 4.1396 BTC [+] [15:34]
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MrTiggr mircea_popescu: i moved it, sorry [15:48]
MrTiggr http://www.worldzeitgeist.org/images/socnet/bitcoin-assets/bitcoin-assets-current.png [15:48]
MrTiggr no :443 [15:48]
mircea_popescu a ok [15:48]
mircea_popescu kakobrekla you need to update the link :p [15:49]
MrTiggr im about to update the algorithm too [15:49]
MrTiggr soon, anyone who says the word scammer will get redder and redder [15:49]
MrTiggr :D [15:49]
mircea_popescu lol that helps ?! [15:50]
MrTiggr well ..ill make it better over time [15:50]
MrTiggr but yeh it does [15:50]
MrTiggr a qwik look will tell where the scammer-talk is going on [15:50]
MrTiggr which is what i use it for mostly [15:50]
mircea_popescu i c [15:51]
mircea_popescu https://bitcointalk.org/index.php?topic=118351.0 this is pretty crazy stuff [15:52]
MrTiggr "I don't know how much GLBSE lost that day but I wouldn't be surprised if bad coding resulting in heavy losses was one of the reasons nefario wasn't making much money from the business." [15:53]
MrTiggr ^^ ive heard a few comments like that [15:53]
mircea_popescu i know they were carrying a buncha debt on the books since forever [15:55]
MrTiggr also, i showed all you guys http://www.iseecoins.org/ didnt i, mircea_popescu ? [15:56]
mircea_popescu yup [15:56]
MrTiggr k [15:56]
MrTiggr expect new coolness soon too :D mwahahaha .. i think u'll like it [15:56]
* ChanServ gives channel operator status to kakobrekla [15:57]
mircea_popescu "I don't have to dispute or even answer you, because you're a whacked out loser." hey smickles, you suck nao. [15:58]
mircea_popescu sorry. [15:58]
* kakobrekla has changed the topic to: Bitcoin asset exchanges: http://polimedia.us/mpex || https://coinbr.com || https://cryptostocks.com || https://icbit.se || https://therocktrading.com || https://assets-otc.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || Net Chart: http://bit.ly/RPclBi || a biased message: http://smpake.com || http://bit4x.com [15:58]
* kakobrekla removes channel operator status from kakobrekla [15:58]
MrTiggr :D thanks kakobrekla [15:58]
kakobrekla yw [15:59]
assbot [MPEX] [S.MPOE] 1847 @ 0.00041716 = 0.7705 BTC [-] [15:59]
assbot [MPEX] [S.MPOE] 3500 @ 0.00041563 = 1.4547 BTC [-] [15:59]
mircea_popescu https://bitcointalk.org/index.php?topic=114961.0 o hey, pirate paid on the 12 ?! [16:01]
kakobrekla any esxi experts here [16:01]
mircea_popescu rg lol [16:02]
mircea_popescu lmao so I get btctalk digests from my pr girl. this stuff is almost as funny as the forum itself. for instance : [16:04]
mircea_popescu no idea what's going on, i think last poster may be calling someone a turdlord or something but i cant actually tell. possible drugs. [16:04]
kakobrekla lol [16:05]
MrTiggr 'turdlord" ROFL [16:05]
kakobrekla you are badmothing drugs. [16:05]
mircea_popescu badmothballing [16:06]
kakobrekla mouthing* [16:06]
mircea_popescu drugz [16:06]
dub yeah [16:06]
dub leave drugs alone [16:06]
kakobrekla ;> [16:06]
mircea_popescu drugs killed my cat. [16:06]
dub rampant inbreeding is the culprit [16:06]
MrTiggr * MrTiggr is now know as Turdlord ... thats a cool nichk :D [16:06]
dub for forums not your cat [16:06]
mircea_popescu MrTiggr sounds a little gay tho [16:06]
MrTiggr lol [16:06]
MrTiggr not hte good gay either [16:06]
mircea_popescu nope, not rly. [16:07]
mircea_popescu course seeing how with old age i tend to do chicks in the ass more than in the cunt, i guess i could call my dick turdlord. [16:07]
mircea_popescu i never had a name for it before anyway, always kinda felt left out. [16:07]
MrTiggr ctl-alt-del [16:07]
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assbot [MPEX] [S.MPOE] 32900 @ 0.00041455 = 13.6387 BTC [-] [16:24]
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EskimoBob usagi is gone completely mad...LOL [16:41]
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DeaDTerra I am happy to report that I have received the BTC I had at GLBSE [16:46]
EskimoBob DeaDTerra: good for you [16:48]
assbot [MPEX] [S.MPOE] 5700 @ 0.00041455 = 2.3629 BTC [-] [16:50]
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dub I got email saying I had been paid out but recieved no btc [16:51]
kakobrekla :> [16:53]
DeaDTerra Yep :) [16:53]
EskimoBob interesting. I haven't got any e-mails or coin [16:56]
EskimoBob Looks like this is a really slow process. Question is: why so slow [16:56]
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assbot [MPEX] [S.MPOE] 8400 @ 0.00041392 = 3.4769 BTC [-] [17:15]
assbot [MPEX] [S.MPOE] 1500 @ 0.00041377 = 0.6207 BTC [-] [17:15]
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EskimoBob I posted a updated contract and i think the issue of ART-OTA being a security is resolved. [17:32]
EskimoBob Constructive comments are welcome [17:33]
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assbot [MPEX] [S.MPOE] 4900 @ 0.00041377 = 2.0275 BTC [-] [17:40]
darkee dub: had the same thing yesterday evening but got my coins in the course of the night :) [17:41]
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pigeons should have asked here [17:57]
pigeons did any glbse asset issuers receive shareholder information yet? [17:57]
rdponticelli pigeons: I don't think so [17:58]
rdponticelli I haven't, at least, and I don't know of anybody who has [17:58]
dub I've been at work for 20 hours [18:02]
dub more caffine at this point could be fatal [18:04]
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pigeons or fun [18:05]
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assbot [MPEX] [S.MPOE] 100 @ 0.00041377 = 0.0414 BTC [-] [18:05]
assbot [MPEX] [S.MPOE] 5206 @ 0.00041377 = 2.1541 BTC [-] [18:05]
assbot [MPEX] [S.MPOE] 34100 @ 0.00041344 = 14.0983 BTC [-] [18:05]
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EskimoBob pleas no! [18:22]
pigeons maybe the doctor will put shim back on shis medicine [18:23]
EskimoBob and yes usagi, you are sick ... LOL [18:23]
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assbot [MPEX] [S.MPOE] 1194 @ 0.00041316 = 0.4933 BTC [-] [18:31]
assbot [MPEX] [S.MPOE] 5853 @ 0.00041455 = 2.4264 BTC [+] [18:31]
assbot [MPEX] [S.MPOE] 15490 @ 0.00041772 = 6.4705 BTC [+] [18:31]
assbot [MPEX] [S.MPOE] 10363 @ 0.00041787 = 4.3304 BTC [+] [18:31]
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assbot [MPEX] [S.MPOE] 41400 @ 0.00041275 = 17.0879 BTC [-] [18:57]
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thestringpuller http://bitcoinmagazine.net/interview-with-glbses-nefario/ [19:11]
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assbot [MPEX] [S.MPOE] 6037 @ 0.00041787 = 2.5227 BTC [+] [19:23]
assbot [MPEX] [S.MPOE] 8463 @ 0.00041843 = 3.5412 BTC [+] [19:23]
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drekk mircea_popescu, did u actually send 3btc to 001sonkit on the forum? [19:33]
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EskimoBob thestringpuller: the last comment is spot on [19:42]
thestringpuller EskimoBob: so everyone is lying? [19:45]
thestringpuller it's like an episode of law and order [19:46]
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assbot [MPEX] [S.MPOE] 16704 @ 0.00041275 = 6.8946 BTC [-] [19:49]
assbot [MPEX] [S.MPOE] 11933 @ 0.00041274 = 4.9252 BTC [-] [19:49]
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EskimoBob if FSA says it not money, then wtf is nefario yapping about? Has he shown any documents taht prove he ever had ANY communications with any gov agency? [19:56]
gigavps EskimoBob he has not [19:57]
jcpham i read as his interview as this: if i never log in to glbse again, I get nothing [19:57]
jcpham I have yet to log in [19:58]
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assbot [MPEX] [S.MPOE] 7000 @ 0.0004129 = 2.8903 BTC [+] [20:17]
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EskimoBob gigavps: It is so easy to ask for the documents from gov. agency. Untill I see one, I think it's all one big BS [20:26]
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EskimoBob I am sure we will find out soon, what the real reason was because of the shit slinging between tyhemos etc [20:27]
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thestringpuller EskimoBob [20:30]
thestringpuller you around [20:31]
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assbot [MPEX] [S.MPOE] 1900 @ 0.00041372 = 0.7861 BTC [+] [20:42]
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thestringpuller PsychoticBoy: yo [21:06]
assbot [MPEX] [S.MPOE] 7600 @ 0.00041372 = 3.1443 BTC [+] [21:08]
assbot [MPEX] [S.MPOE] 23000 @ 0.00041617 = 9.5719 BTC [+] [21:08]
EskimoBob yes I am [21:09]
pigeons ;rate EskimoBob -10 scammer isn't even a real eskimo [21:10]
PsychoticBoy yo [21:10]
EskimoBob pigeons: wtf :) [21:10]
pigeons pics with igloo on your head [21:10]
EskimoBob ;rate usagi -100 is not even a real girl [21:11]
PsychoticBoy lol [21:11]
PsychoticBoy as much of a G.I.R.L. as I am (Guy In Real Life) [21:11]
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EskimoBob pigeons: picture of you flying and holding a bitcoin betwwen you peek [21:11]
PsychoticBoy http://www.youtube.com/watch?v=dexQhvczVeM [21:12]
EskimoBob pigeons: I actually rated you +2 after the trade [21:12]
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EskimoBob what about meeeee.... [21:13]
* EskimoBob wipes of the tears [21:13]
pigeons i don't negotiate with terrorists [21:13]
EskimoBob police? where? [21:13]
pigeons so tell us what this "art equipment" is? [21:14]
EskimoBob pigeons: see PM [21:21]
EskimoBob "thestringpuller | you around" - yes I am. wzz up? [21:21]
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EskimoBob pigeons: happy with the answer? [21:23]
pigeons yes [21:25]
pigeons i was half pickin on you and also genuinely curious [21:25]
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thestringpuller EskimoBob: sorry was getting ready for work [21:29]
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thestringpuller I feel strange being a btc advocate and working for a credit card processor during the day [21:30]
thestringpuller my plan is to steal all their IP and apply it to BTC [21:30]
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EskimoBob :) [21:30]
EskimoBob good idea [21:30]
Diablo-D3 http://www.romneytaxplan.com/ [21:31]
EskimoBob what happened to Romeny tax return fiasco? [21:31]
thestringpuller as I told smickles I'm working on a (maybe open source) solution for bitinstants debit card [21:31]
BTC-Mining ... [21:32]
vampireb_ well how would do an opensource? [21:32]
vampireb_ you need a bank to process transactions [21:32]
BTC-Mining Don't get caught thestringpuller =P [21:32]
EskimoBob not really vampireb_ [21:33]
vampireb_ not really? [21:33]
vampireb_ as far as i recall you do [21:33]
EskimoBob card reader can be plugged to a pc or laptop and client software [21:33]
assbot [MPEX] [S.MPOE] 800 @ 0.00041843 = 0.3347 BTC [+] [21:33]
EskimoBob I use card reader every day [21:33]
vampireb_ to do any kind of transactions with cards you need to connect to visa network [21:33]
EskimoBob on my PC [21:33]
vampireb_ who cares about card readers. [21:33]
rg or a third party [21:33]
rg that connects to visa [21:33]
rg which is more likely [21:34]
rg direct connections to visa have volume limits [21:34]
rg *minimum volume limits [21:34]
vampireb_ of course. 3rd party would be a bank [21:34]
vampireb_ usually [21:34]
rg no [21:34]
rg not always [21:34]
rg there are companies who sell card readers [21:34]
rg card reader -> company -> visa [21:34]
rg well [21:34]
vampireb_ i have done my share of micro transafvtions and credit processing [21:34]
rg card reader -> company -> bank > visa [21:34]
rg me too [21:35]
vampireb_ 10 years ago, still applies [21:35]
EskimoBob if you have a card reader and a client, that can connect to blockchain? [21:35]
rg i used to manage a convenience store [21:35]
rg 5 years ago, still semi applies [21:35]
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rg and we used to fight with credit all the time [21:35]
rg i was the one who discovered we were losing $100/mo [21:35]
rg we had a flat fee with AMEX [21:35]
rg so fi ONE person used amex to buy a $5 thing [21:35]
rg we'd get charged $100 [21:35]
EskimoBob fuck [21:35]
vampireb_ amex are very expesnive to use [21:36]
rg amex are great [21:36]
rg you just need the volume [21:36]
rg 1 amex transaction a month hardly justified the fee [21:36]
vampireb_ ok used to be.. i dont recall rates, but it was about 3% while visa/mc was like 1.5% [21:36]
rg rates have all fluxed [21:36]
rg we only accepted visa/mc [21:37]
rg they had the best rates [21:37]
vampireb_ well to issue a debit card, you need to have a help from a bank. [21:37]
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thestringpuller vampireb_: not necessarily [21:37]
vampireb_ ok how would go then? [21:37]
rg third party company [21:37]
rg id assume [21:37]
thestringpuller vampireb_: you can have reloadable cards issued to your business but it requires a KYC check [21:37]
rg KYC is fairly easy [21:38]
rg but not easy to do online [21:38]
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thestringpuller vampireb_: but in terms of an OSS solution you would just use exsiting accounts [21:38]
rg if you were doing business IRL [21:38]
vampireb_ still requires a bank [21:38]
rg itd be a lot easier [21:38]
thestringpuller i have an amex prepaid card I liquidate btc to for buying lunch [21:38]
thestringpuller it's not seamless yet but with a few more tweaks it will be [21:38]
vampireb_ reverse charge? [21:39]
thestringpuller on the merchant end or my end? [21:39]
vampireb_ well i am recalling from memory that someone was funding cards this way [21:40]
rg [14:38] i have an amex prepaid card I liquidate btc to for buying lunch [21:41]
rg ehe [21:41]
rg so does MBS! [21:41]
thestringpuller MBS? [21:41]
rg yeah [21:41]
rg hes the gyu who buys me food online [21:41]
rg for btc [21:41]
thestringpuller hahaha [21:41]
rg i think nearly 80% of his cc transactions are me [21:41]
thestringpuller amex prepaid is like free [21:42]
thestringpuller no fees at all [21:42]
thestringpuller my division in TSYS (the cc processor I work for) processors rush card (the prepaid card by russell simmons for you def jam fans) and they have so many fees [21:42]
thestringpuller amex prepaid is a steal [21:42]
thestringpuller vampireb_: what i'm getting at is it takes a while to make the steps to liquidate into an account seamless, I want to make a solution anyone who wants to take the effort can set up on their own servers and spend cash with a prepaid card/debit card of their choosing [21:43]
vampireb_ i am not sure what "liquidate" means, still you would need a 3rd party to process the transactions. which will be out of reach for a lot of ppl. [21:45]
thestringpuller process which transactions? converting from exchange->fiat? [21:45]
vampireb_ fiat after exhcange -> card [21:46]
thestringpuller for prepaid cards that's as easy as having a bank account [21:46]
thestringpuller so I don't quite understand your question [21:46]
vampireb_ so BTC -> exchange -> user's bank account -> card ? [21:47]
thestringpuller yea traditional steps [21:48]
thestringpuller except in an automated batch processing world, each one of those "steps" is continuously happening each night to make it look like your doing btc -> card [21:48]
vampireb_ i'd prefer of course just the card is getting funded from BTC on demand :-) [21:49]
thestringpuller you have to go through an exchange though at some point to resupply your fiat on the card [21:50]
thestringpuller if you automate that process then it seems like it's on demand [21:50]
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thestringpuller even credit cards aren't processed on demand, they are only auth'ed on demand, VISA/MasterCard sends a signal directly to the processor, the processor checks the available balances of the accounts and sends back an auth response accepted/declined. only at night are the accounts truly reconciled. for btc why would it be any different? [21:52]
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thestringpuller (eCommerce auth is some of the most optimized software out there) [21:52]
vampireb_ that what I meant, only the required amount of BTC should be exchanged or locked during the auth [21:54]
thestringpuller you can make it perceived that way if you have pools in a warchest of sorts [21:55]
thestringpuller you have to hedge your holdings in order to overcome exchange fees so it's not traditional [21:55]
thestringpuller and you have* [21:55]
thestringpuller cause exchange rates are much higher than what visa charges processors [21:56]
assbot [MPEX] [S.MPOE] 27800 @ 0.00041843 = 11.6324 BTC [+] [21:59]
MadalyInMay You could also go www.btcpak.com -> Mp code -> Amex prepaid or Greendot [22:00]
MadalyInMay for a good fee chunk [22:00]
smickles < mircea_popescu> sorry. | I forgive you ;) [22:21]
smickles thestringpuller: sounds like your idea is gaining some traction, eh? [22:24]
assbot [MPEX] [S.MPOE] 1467 @ 0.00041843 = 0.6138 BTC [+] [22:24]
assbot [MPEX] [S.MPOE] 19833 @ 0.00041858 = 8.3017 BTC [+] [22:24]
smickles < mircea_popescu> smickles it has volume now ? | volume 232780 usd (which probably translates into 23278 contracts traded) open interest 7114 [22:26]
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assbot [MPEX] [S.MPOE] 5300 @ 0.00041805 = 2.2157 BTC [-] [22:49]
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assbot [MPEX] [S.MPOE] 1130 @ 0.000417 = 0.4712 BTC [-] [23:16]
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assbot [MPEX] [S.MPOE] 11797 @ 0.00041858 = 4.938 BTC [+] [23:41]
assbot [MPEX] [S.MPOE] 15914 @ 0.0004189 = 6.6664 BTC [+] [23:41]
assbot [MPEX] [S.MPOE] 11589 @ 0.00041913 = 4.8573 BTC [+] [23:41]
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