Forum logs for 26 Feb 2013

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
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assbot [MPEX] [S.MPOE] 17677 @ 0.00077015 = 13.6139 BTC [-] [00:00]
assbot [MPEX] [S.MPOE] 2812 @ 0.00077014 = 2.1656 BTC [-] [00:00]
dub so can someone explain what ziggap does [00:02]
aethero Get endlessly trolled [00:02]
aethero ziggap does direct bitcoin sales [00:03]
dub so its an exchange? [00:03]
dub or it cold calls you in the middle fo teh night/shows up at your door with a vacume cleaner [00:04]
mircea_popescu it doesn't buy does it [00:04]
dub presumably its buying some fiat currency [00:04]
aethero We're like fastcash4bitcoins except in reverse. [00:05]
aethero Are they an exchange? [00:05]
dub I don't know what that is [00:05]
ThickAsThieves thx for the article mp, good stuff [00:05]
aethero https://fastcash4bitcoins.com/about.aspx [00:05]
aethero FastCash4Bitcoins is a service of Tangible Cryptography LLC. We are not an exchange; we are a direct buyer of bitcoins. In keeping with the bitcoin philosophy of limited third party trust we don't hold client's balances (bitcoins or dollars), instead we only accept a sale when we can promptly pay it [00:05]
aethero We're the same. In reverse. [00:05]
aethero We're not an exchange. We are a direct seller of Bitcoins. [00:06]
ThickAsThieves like he said, you buy fiat [00:07]
ThickAsThieves hehe [00:07]
ThickAsThieves sell btc/buy fiat, exchange fiat for btc, pay divs, right? [00:07]
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SpNg mircea_popescu: good article. I like your analysis. [00:08]
Bugpowder_ wow... SP500 tanked [00:10]
mircea_popescu SpNg ;) [00:11]
mircea_popescu Bugpowder_ aww, quantitatively quantitative easing fizzled again ? [00:12]
SpNg mircea_popescu: i recently found your exchange and blog. It's been a good read. Just getting into BTC, but I like this S.DICE investment. I have been wanting to ask you, how does one purchase shares with your exchange? [00:13]
pigeons echo '|gpg --clearsign|gpg --encrypt --armor -r F1B69921 [00:14]
dub one does not simply walk into mpex [00:14]
ThickAsThieves http://mpex.co/faq.html#3 [00:15]
Bugpowder_ step 1 ) purchase a 6 pack of your favorite beer. [00:15]
SpNg ThickAsThieves: I see. That FAQ is what I have been looking for. [00:16]
ThickAsThieves cool cool [00:17]
ThickAsThieves if that's too geeky for you, shares are also sold through brokers on other exchanges [00:18]
ThickAsThieves but you give up 5% of your sdice dividends [00:18]
ThickAsThieves the exchanges are listed when you log into this channel [00:18]
SpNg <-- Software dev. loves the geeky stuff. [00:18]
ThickAsThieves word [00:18]
SpNg so it's 30 BTC fee + 5% of the dividend payout? [00:19]
Bowjob no [00:19]
SpNg Bowjob: I just re read, I c [00:20]
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mircea_popescu SpNg well, you issue an order [00:24]
SpNg mircea_popescu: I was trying to figure out how to get an account. ThickAsThieves pointed me to the FAQ. Exactly what I was looking for. ;-) [00:25]
mircea_popescu a cool! [00:25]
jurov coinbr.com does NOT rob you of 5% of dividends ;) [00:25]
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mircea_popescu oh lovely, huffpoo has opinion pieces on cash now ?! [00:29]
mircea_popescu what's next, i'm going to read theosophy on somethingbawful ? [00:29]
jurov AUSTERITY COUNTDOWN: 4 DAYS TIL PAIN . Bitcoin users not affected. [00:29]
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Bowjob whats in 4 days? [00:30]
thestringpuller ;;asks 31 [00:30]
gribble There are currently 7358.0245 bitcoins offered at or under 31.0 USD, worth 225943.062008 USD in total. [00:30]
Bugpowder S.DICE div [00:30]
Bugpowder ? [00:30]
thestringpuller ;;bids [00:30]
gribble (bids [--under] ) -- Calculate the amount of bitcoin demanded at or over . If '--under' option is given, find coins or at or under . [00:30]
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jurov Bowjob, go to huff.to [00:30]
thestringpuller ;;bids 30 [00:30]
gribble There are currently 930.16598 bitcoins demanded at or over 30.0 USD, worth 27935.0288526 USD in total. [00:30]
jurov some fearmongering [00:30]
thestringpuller ;;ticker [00:30]
gribble BTCUSD ticker | Best bid: 30.13001, Best ask: 30.14999, Bid-ask spread: 0.01998, Last trade: 30.14999, 24 hour volume: 26135.40088171, 24 hour low: 29.50001, 24 hour high: 30.40000, 24 hour vwap: 30.05456 [00:30]
thestringpuller ;;calc 30.12 [00:31]
gribble 30.12 [00:31]
jurov i guess in 4 days a peculiar platinum coin will be unveiled [00:31]
thestringpuller ;;calc 30.12 * .012 [00:31]
gribble 0.36144 [00:31]
thestringpuller ;;bids 29 [00:32]
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gribble There are currently 8834.2843 bitcoins demanded at or over 29.0 USD, worth 259243.946894 USD in total. [00:32]
assbot [MPEX] [S.MPOE] 9300 @ 0.00077013 = 7.1622 BTC [-] [00:32]
jurov ...a top administration official warned that the nation's borders would be less secure. oh my [00:32]
jurov S.DICE div? lmao somebody should tell obama to buy shares to save the US budget [00:35]
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assbot [MPEX] [S.MPOE] 16000 @ 0.00076119 = 12.179 BTC [-] [00:35]
jurov or put a trillion on "lessthan 1" [00:35]
assbot [MPEX] [S.MPOE] 15478 @ 0.00076118 = 11.7815 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 2464 @ 0.00075891 = 1.87 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 11962 @ 0.00075883 = 9.0771 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 17987 @ 0.00075864 = 13.6457 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 36100 @ 0.00075743 = 27.3432 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 14767 @ 0.00075619 = 11.1667 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 7100 @ 0.00075518 = 5.3618 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 7900 @ 0.00075418 = 5.958 BTC [-] [00:35]
assbot [MPEX] [S.MPOE] 6200 @ 0.00075343 = 4.6713 BTC [-] [00:36]
assbot [MPEX] [S.MPOE] 26700 @ 0.00075335 = 20.1144 BTC [-] [00:36]
assbot [MPEX] [S.MPOE] 16853 @ 0.00075204 = 12.6741 BTC [-] [00:36]
thestringpuller there she pops [00:36]
mircea_popescu jurov is a trillion more than 0.01 btc yet ? [00:36]
Namworld mircea: it's always been. I'd exchange 0.01 BTC for a trillion anytime [00:37]
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mircea_popescu :p [00:37]
Namworld Buy myself a few thousand gold bars and some companies... [00:38]
assbot [MPEX] [O.BTCUSD.P750T] 530 @ 1.49949501 = 794.7324 BTC [-] [00:39]
mircea_popescu better off buying tungsten bars [00:39]
jurov should have sold moar at 77740.. but good :) [00:39]
Namworld Oh, I'm fine with buying tons of bars of every metal. [00:39]
Namworld Many large multinationals have a market cap uner 1 billion... I could buy myself a thousand multinationals at least [00:39]
Bowjob itd be nice if mr whale can bump dice to before pre erkik dump levels [00:40]
jurov seriously, when USG issues btc bonds, what interest rate would you ask? [00:41]
jurov i wouldn't go below 10% monthly [00:41]
Namworld I'd charge them royalties on the name BTC-BOND [00:42]
dub call me when its a palladium coin [00:42]
thestringpuller capital expenses [00:42]
mircea_popescu jurov why 10% ?! [00:42]
thestringpuller wow that put is deep in the money [00:42]
Bugpowder_ shorting [00:42]
Bugpowder_ its the fourth big short position added in the last 3 days [00:43]
jurov MPBOR+5% ... but should prolly ask more [00:43]
Bowjob you can lose from mpbor, right? [00:43]
mircea_popescu Bugpowder_ short put = long btc [00:44]
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jurov mpbor itself is always positive... only the end result of mpoe can be negative, that's different thing [00:44]
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Bugpowder_ mircea_popescu: Thank you for today's lesson [00:45]
mircea_popescu lol [00:45]
thestringpuller mircea_popescu: the whale lives! [00:46]
mircea_popescu o? [00:46]
Namworld jurov: MPBOR can be negative... [00:46]
Namworld no? [00:47]
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thestringpuller no mircea eats the losses [00:49]
jurov look on https://docs.google.com/spreadsheet/ccc?key=0AlhB0UHVxS67dGpBc2Rub3FtLTdHZ3ZPb09DY2pHWlE [00:50]
jurov the "net result" can be negative [00:50]
jurov but mpbor was always positive (it's not there explicitly) [00:50]
jurov but you can compute it as interest paid out/raised capital [00:51]
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jurov only when exercises + interest paid out > earnings from sales of options, then net result = mpbor [00:53]
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jurov derp [00:53]
jurov only when exercises + interest paid out < earnings from sales of options, then net result = mpbor [00:53]
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Namworld right [00:58]
Namworld still, MPBOR could be a big loser on a very bad month [00:58]
Namworld Although quite good history [00:58]
thestringpuller no [00:58]
Bugpowder_ yes [00:58]
thestringpuller nooo! thats impossible [00:59]
dub maybe [00:59]
mircea_popescu has happened. [00:59]
Namworld MPBOR is funds lent for options? As such, losses by the options bot would be taken from MPBOR deposits nay? [00:59]
thestringpuller mircea_popescu usually ends up putting up capital in those scenarios [01:00]
Bugpowder_ thestringpuller: you don't know what you are talking about [01:00]
Bugpowder_ MPBOR is high risk, limited reward [01:01]
jurov yes but in the end the proportional part is taken from all bonds [01:01]
Bugpowder_ Not attractive IMHO [01:01]
mircea_popescu Bugpowder_ it's only risk if it meets your desired reward. [01:01]
Bugpowder_ what IS attractive is owning 85% of S.MPOE and collecting all the cream off the top [01:01]
thestringpuller lol [01:01]
thestringpuller expensive endeavor :P [01:01]
jurov Bugpowder_ that was last feasible in April [01:02]
Bugpowder_ start your own MPOE [01:02]
Bugpowder_ or at least an MPOE bot [01:02]
thestringpuller smickles tried that [01:02]
thestringpuller it lost money [01:03]
Bugpowder_ the collateral requirements will kill you though [01:03]
Bugpowder_ I am shocked [01:03]
Bugpowder_ he kept buying high and selling low [01:03]
thestringpuller SOE bot didnt do so well :/ [01:03]
Bugpowder_ or buying high and not selling actually [01:03]
jurov after MPBPT will get psychologically entrenched, we'll see ;) [01:03]
jurov it may cease being a passthrough [01:04]
Namworld didn't do too well eh... [01:04]
jurov but i prefer to run it as is now [01:04]
Bugpowder_ I think you need minimum 10,000 BTC nut to run an options bot effectively [01:04]
thestringpuller maybe 5,000 btc... [01:05]
mircea_popescu you need infinite capital (tm) [01:05]
thestringpuller lol [01:05]
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mircea_popescu srsly. [01:05]
thestringpuller ideally [01:05]
Namworld make a bot which keeps outbidding MPOE bot by 1 satoshi, and undercutting ask by 1 satoshi. [01:06]
mircea_popescu lol [01:06]
Namworld guaranteed win on others' algorythm without any of the work! [01:06]
assbot [BTCTC] [S.MPOE-PT] 97 @ 0.00075 = 0.0728 BTC [+] [01:06]
assbot [BTCTC] [S.MPOE-PT] 5963 @ 0.00075 = 4.4723 BTC [+] [01:06]
assbot [BTCTC] [S.MPOE-PT] 1000 @ 0.00075 = 0.75 BTC [+] [01:06]
jurov Namworld, that bot still needs equal capital to most mpoe bondholders [01:07]
Namworld nah, not necessarily. Just make smaller amount both sides. [01:08]
jurov i had more devious idea... there are periods when mpoe bot is thinking and no offers are listed [01:08]
jurov was thinking to put some rotten apples there inbetween [01:09]
jurov but dunno how successfult would that be [01:09]
Namworld hmkay... probably not a lot considering the short timeframe [01:09]
assbot [BTCTC] [GSDPT] 44 @ 0.00599 = 0.2636 BTC [-] [01:10]
assbot [BTCTC] [GSDPT] 967 @ 0.006 = 5.802 BTC [+] [01:10]
jurov actually i remembered i did the frontrunning on options few months ago but stopped [01:11]
jurov i had to tie the bitcoins on multiple calls/puts and wait for weeks for some order to come [01:11]
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jurov better to focus on frontrunning one or two most traded things [01:13]
jurov sigh...now if my bots weren't caught like deer in headlights on last spike [01:13]
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assbot [BTCTC] [BASIC-MINING] 5 @ 0.3499 = 1.7495 BTC [-] [01:15]
jurov but let them stay KISS... can't optimize for everything anyway [01:15]
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Bugpowder_ Namworld: Acutally that bot needs MORE capital since it does not appear that the MPOE bot counts created but non-sold options against the total capital [01:19]
Bugpowder_ which dilutes the returns [01:19]
jurov the collateral for unsold options returns to you [01:20]
Bugpowder_ yeah [01:20]
Bugpowder_ but its not available for other offers [01:20]
jurov ? [01:20]
assbot [MPEX] [S.MPOE] 2547 @ 0.00075204 = 1.9154 BTC [-] [01:20]
assbot [MPEX] [S.MPOE] 4111 @ 0.00075113 = 3.0879 BTC [-] [01:20]
assbot [BTCTC] [GSDPT] 15 @ 0.00609 = 0.0914 BTC [+] [01:20]
jurov if you do SPLIT/MKFUT, you DO get collateral - exercises back [01:20]
jurov in the end of month [01:20]
Bugpowder_ ;;calc 1000*75*2 [01:20]
gribble 150000 [01:20]
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Bugpowder_ you need 150,000 BTC to offer up what the MPOE bot offers. [01:21]
Bugpowder_ BEFORE anything gets sold [01:21]
assbot [BTCTC] [GSDPT] 60 @ 0.0061 = 0.366 BTC [+] [01:21]
jurov it's 75 of them? not less? but you do have a point. [01:24]
assbot [BTCTC] [S.MPOE-PT] 3905 @ 0.00075 = 2.9288 BTC [+] [01:26]
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jurov ;;calc 100185337*0.00075/2 [01:30]
gribble 37569.501375 [01:30]
jurov 100million s.mpoe could have sold for 30-40k ... yea, nowhere near > 100k requried for collateral [01:32]
Bugpowder_ It's a huge competitive advantage. [01:33]
Bugpowder_ Other people basically are limited to placing bids and hoping someone shorts into them so they can then resell higher [01:34]
jurov there will be other options exchange soon, i'm interesting how they will solve this. [01:36]
jurov *interested [01:36]
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assbot [BTCTC] [MININGCO.ETF] 39 @ 0.58 = 22.62 BTC [-] [01:42]
assbot [BTCTC] [MININGCO.ETF] 12 @ 0.58 = 6.96 BTC [-] [01:42]
assbot [BTCTC] [S.DICE-PT] 1843 @ 0.0062 = 11.4266 BTC [-] [01:43]
ThickAsThieves what crawled up this guy's ass? https://bitcointalk.org/index.php?topic=145510.msg1559409#msg1559409 [01:43]
assbot [BTCTC] [GSDPT] 940 @ 0.0061 = 5.734 BTC [+] [01:44]
assbot [BTCTC] [GSDPT] 1000 @ 0.0061 = 6.1 BTC [+] [01:44]
assbot [BTCTC] [GSDPT] 1 @ 0.00619 BTC [+] [01:45]
assbot [BTCTC] [GSDPT] 1000 @ 0.0062 = 6.2 BTC [+] [01:45]
assbot [BTCTC] [GSDPT] 994 @ 0.00623 = 6.1926 BTC [+] [01:45]
assbot [BTCTC] [GSDPT] 7000 @ 0.0063 = 44.1 BTC [+] [01:45]
Namworld Thick: He's saying "Blocking SD directly is the only known viable method of Bitcoin surviving this attack." and I think he's almost alone in that... [01:46]
pigeons i don't think he is [01:47]
Namworld Close to alone... [01:47]
pigeons i dont agree with him, i think fees need to go a lot higher [01:47]
Namworld Just doesn't fit Bitcoin's to start saying what is or what is not allowed. [01:48]
Namworld Only way to have a block against SD is if all miners simply exclude those transactions. [01:48]
iz pigeons: transactions relay to all nodes, regardless of the transaction fee [01:48]
ThickAsThieves fees will have to go higher if traffic slows [01:48]
ThickAsThieves right? [01:48]
iz the fees won't fix anything [01:48]
iz at least not with regard to SD [01:49]
ThickAsThieves if there's mass bitcoin adoption, people won't want to wait [01:49]
ThickAsThieves so paying fee is the only way to expedite [01:49]
pigeons iz: yes but if fees are higher people will be rewarded for their work, and spammers will be disincentivized [01:49]
ThickAsThieves and miners prioritize by value right? [01:49]
iz everyone relays transactions, even if they don't pickup the transaction and regardless of the fees [01:49]
iz pigeons: SD will still spam the network, regardless of the fees [01:50]
ThickAsThieves but the network seems to be doing fine, no? [01:50]
iz no [01:50]
iz have you seen how much the blockchain is growing? [01:50]
ThickAsThieves i have [01:50]
ThickAsThieves but all my transactions go thru quickly [01:50]
ThickAsThieves or, quick enough [01:50]
jurov oh not this again.... [01:51]
iz basically we are recording all SD transaction history in the blockchain forever [01:51]
iz that everyone downloads [01:51]
ThickAsThieves theyd dont have to [01:51]
ThickAsThieves they can use web-based wallets [01:51]
Namworld iz: so what? [01:51]
jurov the blockchain is fine. I'll happily accept 1TB per month if that enables btc to be widely used [01:51]
iz transaction fees won't make a difference until we start hitting the max blocksize [01:52]
Bowjob if you didnt pay the tx fee, how long will it take? [01:52]
ThickAsThieves i mean really, the wait time to let qt sync was too long for the average person a while ago [01:52]
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iz i'm just saying it's not a non-problem, not that it's an insurmountable one [01:53]
ThickAsThieves word [01:53]
ThickAsThieves i wasnt trying to kick up the debate [01:53]
ThickAsThieves just amused that the guy thinks he can lean so far in one direction and not fall over [01:54]
assbot [MPEX] [S.BBET] 1 @ 0.00196487 BTC [-] [01:54]
Ukto evening Namworld [01:57]
Ukto somehow I didnt see you talking earlier. hehe [01:57]
Namworld eh [02:01]
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assbot [BTCTC] [S.BBET-PT] 910 @ 0.0022 = 2.002 BTC [+] [02:09]
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dub jurov: how many nodes will be running under a +1tb/month scenario? [02:12]
jurov any business with some employees can afford that [02:13]
dub jurov: how much confidence will people have in bitcoin if there are only 7 nodes [02:13]
jurov let's say it will happen in 2 years [02:13]
jurov there will be 10TB hard drives [02:14]
jurov for the same prices as 2Tb today [02:14]
dub the reality is SD exploits a weakness in bitcoin [02:15]
jurov don't tell me only 7 nodes can afford buying one harddrive per year [02:15]
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iz how many would care enough to? [02:15]
assbot [BTCTC] [S.BBET-PT] 3 @ 0.0022 = 0.0066 BTC [+] [02:15]
iz maybe in 2 years there is something else that doesn't have the same flaws being actively exploited to the detriment of everyone else.. [02:16]
jurov anyone who wants to accept transactions [02:16]
dub it spreads teh cost of its spam attack to idiots already willing to throw money away [02:16]
dub what SD does can be achieved in a scalable way easily [02:16]
iz just because the problem can be solved by stupidly throwing money at it, doesn't mean it's not a problem that could have a more elegant solution [02:16]
assbot [MPEX] [S.BBET] 498 @ 0.00196487 = 0.9785 BTC [-] [02:16]
maximian SD just amplifies that weakness. and if it wasn't SD it'd be someone else. The problem has to be solved, and it can't be solved by banning. It's a fundamental architectural problem. [02:16]
assbot [MPEX] [S.BBET] 457 @ 0.00196488 = 0.898 BTC [+] [02:16]
assbot [MPEX] [S.BBET] 45 @ 0.001965 = 0.0884 BTC [+] [02:16]
dub maximian: the weakness was always there, the cost for one person to attack was prohibitive, SD works aroudn that [02:17]
jurov so maybe you should stop alienating evoorhees and make that easier for him to do that way? [02:17]
maximian because of zero confs? [02:17]
dub jurov: wat [02:18]
jurov and my 2cents... if bitcoin will be centralized, it will not be because of blocksize, but because of asics [02:18]
dub my 2c.. I could run a bitcoin node on 1990's hardware before SD [02:19]
jurov as asicminer handily proved [02:19]
dub how long before we can't run one on 2012 hardware? [02:19]
iz yeah, everyone is a node, even if they aren't mining [02:19]
iz this is a problem with bitcoin p2p, not really just with bitcoin mining [02:20]
jurov miners' pipe dreams... bitcoins should be forever limited to 7tx/second. because obviously having $50 tx fees will give power to teh people [02:21]
dub and btw the '90s hardware problem is processing not disk [02:21]
jurov 99% people will not ever see a bitcoin in whole life, but they will be able to run full node, that's the ideal [02:22]
dub i have no idea what you just said [02:22]
jurov i'll try again. how many businesses own a car? [02:23]
jurov why wouldn't they pay much less for a full node that can deal with 1TB/month to enable them access to bitcoin system? [02:24]
iz lol [02:24]
iz you failed on that try [02:24]
jurov why not? [02:24]
dub typically I would say that a high end server is more expensive for a business than a car [02:25]
OneMiner 7tx/sec = 604,800/day. Not nearly enough. [02:25]
iz jurov: because credit card payment processing is cheaper than that. [02:25]
jurov 1. that does not need hig end server [02:26]
jurov 2. credit cards are *expensive* for merchants [02:26]
iz why would a business pay more for bitcoin processing, when they could just do "expensive" credit card processing that is accepted by way more clients? [02:26]
jurov so they shouldn't use bitcoin, you say? [02:27]
assbot [MPEX] [S.MPOE] 7168 @ 0.00075677 = 5.4245 BTC [+] [02:27]
jurov with 604,800 txs/day they will not, indeed [02:27]
iz you're basically trying to say that credit card processing is too expensive out of one side of your mouth, while saying any business that wants to use bitcoin should be have plenty of money to blow [02:27]
jurov only banks and govts will use bitcoin in the end [02:27]
iz anyway.. i'm gonna head home now.. peace all [02:28]
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dub jurov: I don;t hink anyone is arguing against that, if adoption is successful [02:28]
dub don't think* [02:28]
jurov if you insist accepting 1TB/mon means blowing tons of money.... [02:28]
jurov be it so [02:28]
jurov i can do it chepaer [02:29]
jurov peace [02:29]
OneMiner More transactions is better than less. In the future we won't have 2012 hardware, we'll have future hardware. [02:29]
dub do you know how much 1TB costs businesses? [02:29]
dub its a LOT more than it costs you [02:30]
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Bowjob the tx is still unconfirmed wtf [02:30]
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jurov if they have to back the terabyte up, then yeah [02:30]
dub talk to a SAN guy [02:31]
Bowjob http://blockchain.info/tx-index/56416802/e70e54774c58101e7a6de4bcc5a04a9f3091cee4022965aebc264a705cb3c732 [02:31]
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dub proper storage is not cheap [02:31]
assbot [BTCTC] [BTC-TRADING-PT] 10 @ 0.0841 = 0.841 BTC [-] [02:31]
assbot [BTCTC] [BTC-TRADING-PT] 20 @ 0.0841 = 1.682 BTC [-] [02:31]
jurov blockchain doesn't need to be stored properly. you just buy commoditized server with it preinstalled and backup only the wallet. it breaks? buy another one [02:32]
jurov or copy it from guy next door [02:32]
dub businesses don't do that [02:32]
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jurov okay, you say so [02:33]
jurov i was admin too, saw how things are done [02:33]
jurov just in other part of the world [02:33]
OneMiner Ya, the blockchain isn't going to be lost for long if it is lost. I don't think they'd need anything fancy for it. [02:34]
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assbot [BTCTC] [LTC-MINING] 4 @ 0.38 = 1.52 BTC [-] [02:36]
assbot [BTCTC] [LTC-MINING] 26 @ 0.393 = 10.218 BTC [+] [02:36]
dub the issue is that you need to get critical mass before all the businesses are going to look after the network for you [02:36]
dub if you make it prohibitive for Joe Asshat to do it for you until then, then you never get there [02:36]
jurov how you want to get critical mass when it can't handle even one casino??? [02:37]
dub you get that casino to keep its own database [02:37]
jurov errr...it can handle it finely, just some peeps fear it irrationally [02:37]
dub instead of using yours that isn't designed for that [02:37]
iz casinos usually use chips, and don't have their clients bet using credit card payments [02:37]
OneMiner It's how that casino is doing it's business. You don't go up and change money after every bet when you are in a casino, do you? [02:38]
dub OneMiner: good analogy [02:38]
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* OneMiner wins! [02:38]
jurov now imagine million supermarkers/car dealers/etc. in the place of that casino] [02:38]
dub imagine a supermarket where you can only pay for one item at a time [02:39]
jurov they do need to charge money every time [02:39]
iz one item at a time though? [02:39]
mircea_popescu i can't believe this debate still exists. [02:39]
dub I don't think its going away [02:40]
mircea_popescu the jesuscrazy people were defeated already. forget about it. [02:40]
assbot [BTCTC] [PAJKA.BOND] 50 @ 0.1 = 5 BTC [+] [02:40]
OneMiner jurov With SD a single person can place many bets with a small amount of coins. Each bet = two transactions. If it was a supermarket, they'd have to be making a seperate transaction for each product, overcharging you by a little and sending you a satoshi back. THEN it would be similar. [02:40]
dub either SD changes or bitcoin does [02:40]
mircea_popescu it's like arguing the peace of westfalia. [02:40]
jurov you will kill bitcoin together with sd, then. at least prevent the mass adoption you are dreaming about. [02:41]
dub equally you will kill it if nobody can run a node [02:41]
OneMiner Not at all! I'd argue that the network is handling it very well. [02:41]
mircea_popescu look! it's really simple! bitcoin was designed to do 1mb blocks. if it can't do 1mb blocks it sucks, dies, we move to solidcoin. [02:41]
iz someone just needs to make a better version of SD that works in harmony with bitcoin [02:42]
mircea_popescu if it can do 1mb blocks and they get filled, tx fees increase [02:42]
jurov it was not designed to do 1mb blocks. it was just some limit to try with [02:42]
mircea_popescu right. [02:42]
mircea_popescu if it can't do EVEN THAT then forget it. [02:42]
mircea_popescu iz no. [02:42]
mircea_popescu bitcoin needs to be able to stfu and suck this cock. [02:42]
mircea_popescu suck it well, ask for seconds. [02:42]
mircea_popescu then maybe it gets seconds. [02:43]
jurov iz, you're going to cripple the whole system just because of political reason, don't you see that? [02:43]
dub its not political its technical [02:43]
dub SD does not scale [02:43]
iz jurov: how would my proposal of creating a better version of SD going to cripple the whole system? [02:43]
mircea_popescu sigh. [02:43]
iz what do you even think would "cripple the whole system"? [02:44]
mircea_popescu iz you do not get to tell people how to use it. [02:44]
ThickAsThieves because it doesnt stop someone else from making the same problem in a new way [02:44]
mircea_popescu why is this so difficult to grasp ? [02:44]
dub iz: making rules, you know like the evil state [02:44]
iz i'm not telling people how to use it, i just suggested making a better alternative that people could choose to use [02:44]
mircea_popescu so make it. [02:44]
iz the problem is that there isn't an alternative [02:44]
dub it breaks teh very libertarianality of bitcoin!!!! [02:44]
jurov iz, preventing bitcoin to actually accept enough transactions to be really used [02:44]
OneMiner SD is doing it wrong. But it's up to miners to increase the TX fee and price them out of business. But it's democratic. Each miner will have to choose to allow 0.0005BTC fees or not. [02:44]
OneMiner I've set my fee one unit higher personally. [02:45]
mircea_popescu OneMiner except it's already been argued to death. [02:45]
mircea_popescu as it is, if miners tried it sd would just make its own miner drive the other miners out of business. [02:45]
jurov if it was anything other "more useful" that SD would you accept raising the limit? [02:45]
OneMiner That'll continue, it's up to them. [02:45]
jurov if yes, then it is political indeed [02:45]
ThickAsThieves make an alt coin for every bulky service [02:45]
iz mircea_popescu: i'm still afraid of the legal implications of running a gambling business [02:46]
jcpham if cgminer had a "no sd" flag, i'd set it [02:46]
ThickAsThieves if cryptocurrency is widely adopted, it's probly what will happen anyway [02:46]
iz that's why i'm not doing it [02:46]
jcpham otherwise my pools include sd blocks [02:46]
ThickAsThieves alt coin for every gov [02:46]
jcpham faik [02:46]
iz but SD is braindead simple to make a clone of [02:46]
mircea_popescu sigh. [02:46]
iz it's just rolling dice [02:46]
OneMiner jcpham do you pool mine? [02:47]
mircea_popescu i guess every coder has to be humiliated individually to get it. [02:47]
jcpham yes [02:47]
OneMiner jcpham Then the best you can do is mine in a pool that blocks those transactions. [02:47]
jcpham i mine at hashpower.com [02:47]
jcpham you can lease me [02:47]
OneMiner And it's not a scalpel, it's a grenade. You'd block all TXs with SDs fee or lower. [02:48]
jcpham see what i did there [02:48]
OneMiner jcpham I was too. Now I'm on p2pool. [02:48]
OneMiner I can make my own choices now. I'm independent. :) [02:48]
jcpham i think i just mined a bajillion freicon last week [02:49]
jcpham *freicoin [02:49]
Bowjob i got like 1500 friecoin.. whats the exchange rate now [02:49]
OneMiner haha, I've been trying to get merged mining going with p2pool. I think I messed it up somehow. :( [02:49]
jcpham no clue [02:49]
jcpham i solo mined..... [02:49]
jcpham 36 blocks/sec [02:50]
jcpham i swear [02:50]
assbot [MPEX] [S.MPOE] 13300 @ 0.00075677 = 10.065 BTC [+] [02:50]
Guest36719 iz : no miner has the initiative not to accept 1 satoshi fee tx [02:50]
* Guest36719 is now known as kakobreklaa [02:50]
kakobreklaa except for the stupid ones [02:50]
jcpham i mine for profit...whoever pays the most [02:51]
dub you just stick your mining cock in any hole that comes along [02:52]
Bowjob if you dont pay the tx fee.. how long will it take to confirm? [02:52]
dub you don't decide what tx get through [02:52]
kakobreklaa moving old coins is free [02:52]
Bowjob e70e54774c58101e7a6de4bcc5a04a9f3091cee4022965aebc264a705cb3c732 [02:52]
OneMiner Bowjob If my miner was the only one in the world, it wouldn't go through. [02:53]
Bowjob the guy didnt put a tx. -_- still waiting for it to confirm [02:53]
OneMiner How cheap.... The fee is almost nothing. [02:53]
Bowjob I clicked on "Relayed by IP".. [02:54]
Bowjob a bunch of ips appeared.. is taht a good thing orr.. [02:54]
kakobreklaa its ok [02:54]
OneMiner Means that those nodes broadcasted the TX. [02:54]
kakobreklaa are you making your first btc tx? [02:54]
OneMiner The network has seen it. [02:55]
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assbot [BTCTC] [S.MPOE-PT] 4035 @ 0.00075 = 3.0263 BTC [+] [03:15]
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assbot [HAVELOCK] [SDICE] 3 @ 0.65 = 1.95 BTC [+] [03:21]
assbot [HAVELOCK] [SDICE] 14 @ 0.635 = 8.89 BTC [-] [03:22]
mircea_popescu ;;ticker [03:25]
gribble BTCUSD ticker | Best bid: 30.25402, Best ask: 30.35001, Bid-ask spread: 0.09599, Last trade: 30.38000, 24 hour volume: 26226.94641198, 24 hour low: 29.60000, 24 hour high: 30.40000, 24 hour vwap: 30.10472 [03:25]
assbot [HAVELOCK] [KCIM] 35 @ 1 = 35 BTC [+] [03:32]
assbot [MPEX] [O.BTCUSD.P330T] 750 @ 0.34699613 = 260.2471 BTC [-] [03:37]
assbot [MPEX] [O.BTCUSD.P310T] 1000 @ 0.29393728 = 293.9373 BTC [03:37]
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assbot [MPEX] [S.MPOE] 2500 @ 0.00075113 = 1.8778 BTC [-] [04:07]
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assbot [BTCTC] [BASIC-MINING] 25 @ 0.3499 = 8.7475 BTC [-] [04:30]
assbot [BTCTC] [BASIC-MINING] 25 @ 0.33311 = 8.3278 BTC [-] [04:31]
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assbot [BTCTC] [BASIC-MINING] 3 @ 0.34 = 1.02 BTC [+] [04:32]
assbot [BTCTC] [BASIC-MINING] 6 @ 0.3331 = 1.9986 BTC [-] [04:32]
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mircea_popescu whoa less than 2! [04:39]
kakobreklaa the what? [04:40]
mircea_popescu Guest00001 [04:41]
swhitt $36k payout [04:41]
mircea_popescu hit it! [04:41]
mircea_popescu there's kinda insufficient drama, if this keeps up bitcoin will tank [04:42]
swhitt manufacture some [04:43]
assbot [HAVELOCK] [HIM] 2 @ 15.9 = 31.8 BTC [+] [04:43]
mircea_popescu nah it'd be too easy [04:44]
mircea_popescu http://www.par-anoia.net/releases2013.html [04:46]
swhitt has there ever been a >2 part of the chain orphaned? [04:47]
assbot [HAVELOCK] [HIM] 1 @ 16 BTC [+] [04:49]
mircea_popescu im pretty sure [04:50]
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mircea_popescu 50+ was the record iirc [04:50]
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ThickAsThieves https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post16043 [05:20]
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ThickAsThieves i suppose that makes the bitbet pretty much resolved... [05:24]
mircea_popescu The simple fact of the matter is there hasn't been any solid updates to offer. [05:24]
mircea_popescu myeah [05:24]
mircea_popescu a well. [05:24]
mircea_popescu "As I've written in previous posts, we are dealing with such an accelerated time scale that all of these facilities simply aren't used to dealing with." [05:24]
mircea_popescu le lol. [05:24]
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ThickAsThieves that's american industry for you i guess [05:25]
ThickAsThieves shoulda made em in china [05:25]
mircea_popescu We expect at least some of the chips to be on their way to Chicago by Tuesday, where they will be mounted and sent out to our engineers and KC for testing and final MCU programming. [05:26]
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mircea_popescu yup, he's not making march 1st. [05:26]
ThickAsThieves i'm no engineer, but it sounds so ghetto to be wasting 1000 chips to do a macguyver test [05:27]
mircea_popescu Right now, I'm planning on a week from Friday to be the day [05:27]
mircea_popescu way ghetto. [05:27]
mircea_popescu this is never delivering. [05:27]
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pigeons never we think they'll next tuesday, always we think they'll be on the way to another step by next tuesday [05:28]
assbot [BTCTC] [BTC-TRADING-PT] 1 @ 0.0763 BTC [-] [05:28]
mircea_popescu well, as it turns out that 1500 btc on bitbet will be the most btc anyone makes out of bfl [05:28]
ThickAsThieves lol [05:28]
Bowjob hahah [05:28]
Bowjob mp have you actually bet on it? [05:28]
mircea_popescu yes. [05:28]
ThickAsThieves although, what if he's baiting the bet [05:28]
Bowjob you're the 200 BTC no? [05:28]
ThickAsThieves unlikely [05:28]
mircea_popescu ThickAsThieves it's closed already, so what can it do ? [05:29]
ThickAsThieves but a big mess if he did [05:29]
ThickAsThieves i meant if it resolved [05:29]
Bowjob theres this 500 BTC bet on yes [05:29]
Bowjob that hurts like a bitch [05:29]
ThickAsThieves before the 1st [05:29]
Bowjob josh could have come clean and tell us he couldnt ship by 1st [05:30]
mircea_popescu 16-02-13 01:27 No [05:30]
Bowjob but instead he said "its close" [05:30]
mircea_popescu i like that string of no [05:30]
mircea_popescu like 20+ bets lol [05:30]
ThickAsThieves a 50btc bet at 710 weight [05:31]
ThickAsThieves does that even make any profit? [05:31]
mircea_popescu you always make a profit. [05:32]
assbot [BTCTC] [BASIC-MINING] 1 @ 0.35 BTC [+] [05:32]
mircea_popescu ;;calc 710 * 50 / 60000000 * 800 [05:33]
gribble 0.473333333333 [05:33]
Bowjob theres only like 3 big YES votes on the side [05:33]
mircea_popescu aaactually... i think you're right, he owes .5 to the house and makes .473 [05:33]
Bowjob 500, 100, and 115 [05:33]
mircea_popescu net loss [05:33]
ThickAsThieves sad [05:33]
Bowjob was the 50 btc you? [05:34]
ThickAsThieves nah [05:34]
ThickAsThieves i didnt bet in that one [05:34]
Bowjob so they lose money on it.. even if they won? [05:34]
mircea_popescu yeah like 0.03 btc [05:35]
ThickAsThieves the huge bets just felt like something fishy was going on [05:35]
ThickAsThieves so i stayed out of it [05:36]
Bowjob https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post16043 [05:36]
mircea_popescu only fair, bets on the 21st that bfl won't deliver by 1st [05:36]
Bowjob delicious update delay again [05:36]
mircea_popescu Bowjob at least they beat all other vendors. [05:36]
Bowjob huh [05:36]
Bowjob how [05:36]
mircea_popescu also "everyone knows" bfl is worth more than mpex [05:36]
mircea_popescu Bowjob : /sarcasm [05:36]
Bowjob lol [05:36]
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mircea_popescu that dude was such a lolcow i'll be sad to see him go [05:37]
Bowjob shits about to hit the fan.. bfl customers who used to defend josh are getting pissed [05:37]
mircea_popescu then again this is bitcoin, he'll prolly be making status updates in like... may. [05:37]
Bowjob if they werent already [05:37]
ThickAsThieves mp wanted drama [05:37]
Bowjob id have to ask josh to fuck up on this one, till my avalon arrives [05:37]
mircea_popescu ya, ty bitcoin goddess, satisfactory dramadelivery. [05:38]
ThickAsThieves does bfl allow refunds? [05:38]
Bowjob looks like i wont have to lol [05:38]
Bowjob yeah, they do [05:38]
ThickAsThieves ouch [05:38]
Bowjob but people who ordered way back then [05:38]
Bowjob would not get their btc back [05:38]
mircea_popescu they only allow refunds after jan 1st. [05:38]
Bowjob oh even worse lol [05:38]
Bowjob its like a stop loss order.. [05:38]
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ThickAsThieves so if you ordered in 2013 you can get your money back [05:38]
mircea_popescu well ya, you sent 500 btc in october, you get 200 btc back today. [05:38]
ThickAsThieves ick [05:38]
Bowjob ^ 300 btc for bfl free [05:39]
Bowjob lol [05:39]
mircea_popescu nice biz huh. [05:39]
kakobreklaa those low-weight no-ers on BFL bet will be pissed. [05:39]
mircea_popescu kakobreklaa they thought they were smart :D [05:39]
Bowjob its better to take a refund and take the loss.. before btc rallies up again [05:39]
Bowjob rather than go all or nothing [05:39]
Bowjob but they prolly wont do it. [05:40]
mircea_popescu Bowjob nobody sensible has any money left with them anyway [05:40]
ThickAsThieves this is such a huge idiot trap [05:40]
mircea_popescu a few hardocre believers aka idiots, who got burned in any scam available. [05:40]
mircea_popescu starting with p[irate. [05:40]
mircea_popescu some people just aren't made to handle money is all. [05:40]
Bowjob i dodged all bullets so far lol [05:40]
ThickAsThieves like smarter people will get refunds [05:40]
ThickAsThieves and then BFL will sell to people [05:40]
ThickAsThieves and theyll all be late to the party [05:40]
ThickAsThieves making .0003 btc/day [05:40]
mircea_popescu ThickAsThieves actually asic is only mining what, 4-5 th ? [05:41]
ThickAsThieves true [05:41]
mircea_popescu and avalon is still in limboland [05:41]
Namworld .0003 BTC might be a bit exaggerated... but yeah [05:41]
ThickAsThieves asicminer is pretty behind it seems [05:41]
ThickAsThieves they said 12TH by the 1st i thought [05:41]
mircea_popescu everyone's behind everyone else, this is like the asic olympics [05:41]
kakobreklaa lol [05:41]
mircea_popescu i tell you, if asics were girls i'd be damned worried [05:42]
mircea_popescu everyone's late. [05:42]
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mod6 haha [05:42]
mircea_popescu "dude, i took my girlfriends to this party [05:42]
mircea_popescu and now three weeks later everyone's late [05:42]
mircea_popescu i dunno what we did there" [05:42]
mod6 *grin* [05:43]
ThickAsThieves i wonder how many people are submitting return requests tonight [05:43]
kakobreklaa assbot would say, they are more fucked than whores at closin time [05:44]
mircea_popescu lol [05:44]
Bowjob josh says 1 week..(1 month) for this to be done [05:45]
dub do we know if people who won the BFL order number lottery have been contacted? [05:45]
dub ie, those that will get a 1st round unit [05:46]
ThickAsThieves doubtful, i think the first sign things are shipping is when they ask for people to send their trade-ins [05:46]
ThickAsThieves which is absent from this update [05:47]
dub cool, I guess there is still a chance of sprinkles on this shit sandwich [05:49]
Bowjob I managed to sell 50k XRP for 1 BTC [05:50]
dub wat is xrp [05:50]
Bowjob I don't know if I did something smart or stupid [05:50]
Bowjob ripple credits [05:50]
assbot [MPEX] [S.MPOE] 8355 @ 0.00075113 = 6.2757 BTC [-] [05:50]
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Namworld There's 100 billion XRP created right off the bat [05:53]
dub at this point suppose knowing what ripple is might help [05:53]
Namworld Making XRP worth 2,000,000 BTC at that price [05:53]
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Namworld So you sold them for a LOT [05:53]
Namworld XRP is super easily available [05:53]
ThickAsThieves is xrp unlimited? [05:54]
ThickAsThieves or just that 100bil only? [05:54]
Bowjob 100 bill, as money get sent around theres a small fee [05:55]
Bowjob less than a cent [05:55]
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Namworld I love how my ripple address ends by Sir N [05:57]
ThickAsThieves another lol for you https://bitcointalk.org/index.php?topic=146826.msg1558001#msg1558001 [06:03]
ThickAsThieves "Ill pay you 1BTC to buy the goldbar so I dont lose it" [06:03]
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Namworld Hmm, I'll buy 10 million XRP for a BTC. Anyone? =P [06:05]
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Bowjob nam ill buy 50k xrp for .2 btc [06:06]
Bowjob deal? :p [06:06]
Namworld nay =/ [06:08]
Namworld looks like it's overpriced right now [06:08]
Namworld I'll sell and wait to buy back [06:08]
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Namworld What's your ripple name? [06:08]
Bowjob rwAUfq4CjYut43iY8vut3KwujqFSGR1j5o [06:10]
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Bowjob ninjafruit [06:10]
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Bowjob im still trying to figure out how this thing works [06:10]
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Bowjob how do I view the ordebook [06:11]
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Namworld yeah, I don't understand that either [06:13]
Bowjob i'll just sit it out. i have 50k left [06:13]
Bowjob lets see if this goes somewhere [06:13]
Bowjob I want to see 1 XRP = 1 dollar [06:14]
Namworld good luck... would need market cap to reach 100 billion [06:15]
grubles selling 50k ripples [06:16]
ThickAsThieves seems to be a firm ceiling at 30.40 at mtgox [06:17]
Namworld Ok, I don't know how it works at all... [06:17]
Namworld How do we get other currencies? [06:17]
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Bowjob well the rocket is simply refueling [06:22]
Bowjob just wait [06:22]
Namworld I think I get it... [06:22]
ThickAsThieves arent ripples just IOUs mixed with otc ratings? [06:22]
ThickAsThieves or something [06:22]
Namworld People must assign trust to "gateways" which I think are like exchangers [06:22]
Namworld and these gateways assign currencies like USD/BTC/AUD/GBP/etc to users... and they can send it around if they trust the gateway... [06:23]
ThickAsThieves and people will treat it like Facebook Likes [06:23]
ThickAsThieves trust me and i'll trust you back [06:23]
Namworld So one has to deposit funds to a gateway to deposit it and withdraw from a gateway. [06:24]
Namworld I don't think it works like that Thick... [06:24]
assbot [HAVELOCK] [HIM] 1 @ 16.9 BTC [+] [06:24]
assbot [MPEX] [S.MPOE] 5132 @ 0.00075677 = 3.8837 BTC [+] [06:25]
assbot [MPEX] [S.MPOE] 4468 @ 0.00076936 = 3.4375 BTC [+] [06:25]
Bowjob Holee schitt [06:25]
Bowjob Havelockkkkkkkk [06:25]
Bowjob I remember when it was 12 BTCs [06:26]
ThickAsThieves i'm not sure how it works either, i just saw some people talking about that as one of the weaknesses [06:26]
Bowjob and they released at 4.6 BTC per share [06:26]
Bowjob jezzus [06:26]
Namworld aye [06:30]
Namworld Well BitPride/Ziggap going fast it seems =/ [06:31]
dub is ripple solidcoin 3? [06:31]
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Namworld ripple isn't supposed to be a currency you trade for money [06:32]
Namworld they're supposed to be preminted token used to create orders in the system upon which they're destroyed. [06:32]
Namworld People are supposed to trade in a peer to peer fashion other currencies, like BTC/USD or stuff... [06:32]
Namworld or something like that I think [06:33]
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ThickAsThieves http://www.reddit.com/r/Bitcoin/comments/197h9g/namecheap_considering_bitcoin/ [06:34]
ThickAsThieves top comment says they are gonna do it [06:34]
Namworld Good for them [06:34]
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BitHub i'm down for the AUD end [06:36]
BitHub i was thinking about that other day Nam, i was even offering people access to the australian market in exchange for access to their countries market [06:38]
BitHub need to build a very trusted network [06:38]
BitHub while also taken care of the accountanting, tax side [06:38]
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BitHub i'll also be working on peso next year, but doing AUD market for now. [06:39]
Ukto which peso? [06:39]
Ukto there are like 20 diff kinds [06:39]
BitHub ;) [06:39]
Ukto columbian? [06:39]
Ukto :P [06:39]
BitHub why do you think i said peso hehe [06:39]
BitHub of course i will share that infomation later on :) [06:39]
BitHub i dislike this whole cashing back out for fiat tho [06:43]
assbot [HAVELOCK] [KCIM] 1 @ 1 BTC [+] [06:43]
BitHub nothing personal, just complicated things. [06:44]
BitHub s [06:44]
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assbot [BTCTC] [S.DICE-PT] 1875 @ 0.0061 = 11.4375 BTC [-] [06:46]
assbot [BTCTC] [S.DICE-PT] 3000 @ 0.006 = 18 BTC [-] [06:46]
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dub http://i.imgur.com/CaiOJXo.png wtf is this? 90k btc for 11k xrp? [06:49]
Bowjob Hey I'll take that offer [06:50]
Bowjob is that a fat finger or?? [06:50]
Namworld Do you trust the guy? No? Then don't accept the trade... [06:51]
Namworld Ripple doesn't hold any currency, the user does. [06:51]
Namworld I think it's supposed to be working with Gateways. [06:52]
Namworld Trusted gateways give you money on Ripple. You trust the gateway. The gateway give funds to the guy, who sells it to you. You withdraw at the gateway. Or from the guy if it's not issued by a gateway and you trust the person. [06:53]
Bowjob whats a gateway [06:53]
Namworld I think it works basically with users issue BTC/USD/etc themselves [06:53]
Namworld and you trust money issued by certain users [06:54]
Namworld A gateway would be a trust user [06:54]
BitHub aka bitcoin agent [06:54]
BitHub broker [06:54]
BitHub etc [06:54]
Namworld ask Joel Katz on the forum, or something like that. Or look for it on the forum. I don't know much about how Ripple works exactly. [06:54]
Namworld Basically the thing is way too complicated for me to even want to mess around with it. [06:55]
Bowjob bitcoin is already confusing to the general public [06:56]
Bowjob now theres XRPs too [06:56]
Bowjob lol [06:56]
Namworld I need to build a network of contact to find trade offers and have to find gateways I trust as a source to accept funds [06:56]
Namworld not that the concept is bad... but building itthe network from the grounds up would be considerable work... [06:56]
BitHub gateways taken offers at market price? [06:56]
BitHub what country are you in nam? [06:57]
assbot [MPEX] [S.MPOE] 3450 @ 0.00076936 = 2.6543 BTC [+] [06:58]
Namworld Canada [06:58]
BitHub hmm [06:59]
BitHub are you buying and selling btc within canada atm? [07:01]
Namworld On occasions, yes [07:02]
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Namworld mircea_popescu: sorry to be dicking around like that and asking already for a withdrawal just after depositing, but my funds are once again needed elsewhere. [07:05]
Namworld Sheesh, with all the BitVPS shares, S.DICE and other stuff I have, I don't have much capital laying around [07:06]
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Namworld Also I placed 5120 S.DICE-PT for sal at 0.0062 if someone wanted to load up before the dividend. [07:15]
assbot [HAVELOCK] [HIM] 1 @ 16.95 BTC [+] [07:16]
assbot [HAVELOCK] [SDICE] 6 @ 0.675 = 4.05 BTC [+] [07:18]
assbot [HAVELOCK] [SDICE] 4 @ 0.675 = 2.7 BTC [+] [07:18]
assbot [HAVELOCK] [HIM] 1 @ 17 BTC [+] [07:19]
Bowjob Just wtf is going on at Havelock lol [07:21]
ThickAsThieves ;;bc;stats [07:21]
gribble Error: "bc;stats" is not a valid command. [07:21]
ThickAsThieves ;;bc,stats [07:21]
gribble Current Blocks: 223169 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 606 blocks | Next Difficulty In About: 3 days, 1 hour, 27 minutes, and 16 seconds | Next Difficulty Estimate: 4373609.64927 | Estimated Percent Change: 19.79172 [07:21]
assbot [HAVELOCK] [SDICE] 1 @ 0.678 BTC [+] [07:21]
ThickAsThieves ;;estimate [07:22]
gribble Next difficulty estimate | 4373609.64927 based on data since last change | 4587789.77324 based on data for last three days [07:22]
assbot [HAVELOCK] [SDICE] 1 @ 0.678 BTC [+] [07:22]
Namworld Havelock... the overpriced market... [07:23]
Namworld I want to arbitrage that =/ [07:23]
ThickAsThieves can say the same about mpex too this week [07:23]
Namworld aight [07:23]
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Namworld Thank you mircea [07:25]
Namworld MPEx probably has the fastest withdrawal/deposit time for manual processing. [07:26]
mircea_popescu Just wtf is going on at Havelock lol << what ? [07:27]
Bowjob the HIM fund just went up crazy [07:28]
mircea_popescu what's that even [07:28]
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* Now talking on #bitcoin-assets [15:12]
* Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://mpex.co || https://coinbr.com || https://www.havelockinvestments.com || https://btct.co || https://bitfunder.com || https://icbit.se || https://cryptostocks.com || https://therocktrading.com || http://picostocks.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || biased msg: http://bit4x.com [15:12]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Thu Feb 14 01:53:47 2013 [15:12]
Namworld BitVPS is on BTCT.co, Ziggap is on BitFunder [15:12]
-NickServ- You failed to identify in time for the nickname mircea_popescu [15:12]
* You are now known as Guest78876 [15:12]
* Now talking on #bitcoin-assets [15:13]
* Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://mpex.co || https://coinbr.com || https://www.havelockinvestments.com || https://btct.co || https://bitfunder.com || https://icbit.se || https://cryptostocks.com || https://therocktrading.com || http://picostocks.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || biased msg: http://bit4x.com [15:13]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Thu Feb 14 01:53:47 2013 [15:13]
Eduard_Munteanu Namworld: I'm not sure I get it, is 30BTC a fee, or do you get to use it after registering? [15:13]
Namworld It's a fee [15:13]
mircea_popescu Eduard_Munteanu it's a fee. [15:13]
Namworld It goes into profits for the exchange and fees are distributed to MPOE holders [15:14]
Eduard_Munteanu I see. [15:14]
mircea_popescu also, are you romanian ? [15:14]
Eduard_Munteanu mircea_popescu: yes :) [15:14]
mircea_popescu haha cool. [15:14]
mircea_popescu you're like the first i think.. [15:14]
Eduard_Munteanu Interesting. I think I got PMed by another one on #bitcoin. [15:15]
Eduard_Munteanu I don't remember the nick unfortunately. [15:15]
mircea_popescu not in bitcoin, on mpex. [15:15]
Eduard_Munteanu Ah. [15:15]
Eduard_Munteanu I'm rather new to BTC as well. [15:15]
mircea_popescu cool. [15:15]
Namworld (mircea is romanian too as you might have guessed by the name and happen to be MPEx's owner) [15:15]
mircea_popescu ;;ticker [15:16]
gribble BTCUSD ticker | Best bid: 31.40001, Best ask: 31.40100, Bid-ask spread: 0.00099, Last trade: 31.40100, 24 hour volume: 33370.91437260, 24 hour low: 30.07000, 24 hour high: 31.60000, 24 hour vwap: 30.66622 [15:16]
Namworld In case that wasn't clear. [15:16]
Bowjob rally bitche [15:16]
Bowjob s [15:16]
Eduard_Munteanu Yeah, I figured. :) [15:16]
mircea_popescu Bowjob where's bugpowder's graphlines when you need them! [15:16]
Eduard_Munteanu mircea_popescu: I think I've seen you around #haskell lately? Not sure. [15:17]
mircea_popescu possibly, for some values of lately. [15:17]
Bowjob BFL fans developing Stockholm syndrome, its delicious [15:17]
mircea_popescu lol quote [15:17]
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mircea_popescu anyway Eduard_Munteanu, you're like one of the few that can read this natively : [15:19]
mircea_popescu http://polimedia.us/trilema/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/ [15:19]
Eduard_Munteanu mircea_popescu: yep... pretty cool business you got there. Are you from Bucharest? [15:21]
mircea_popescu no. cluj originally, but i reside in timisoara. [15:21]
mircea_popescu okay, queue flushed and i shall be back later. take care all. [15:23]
Eduard_Munteanu I was considering buying/selling some bitcoins locally, the spreads seem pretty high. [15:23]
Namworld The best way to get market rate is bank transfer to an exchange [15:24]
Eduard_Munteanu Namworld: ah, no, I'm interested in making money :) [15:24]
Bicknellski Hehehe [15:24]
Namworld trade locally, buy low, sell high [15:25]
Bicknellski Yup [15:25]
Bicknellski especially if people are in need of fiat [15:25]
Eduard_Munteanu Anyway, I need to sell quite a few Pecunix to get some BTCs first. [15:25]
Bicknellski What is that Eduard? [15:25]
Bicknellski local ecurrency? [15:25]
Eduard_Munteanu Bicknellski: no, an ecurrency equivalent to a gram of gold [15:26]
Bicknellski I googled it [15:26]
Bicknellski thanks.. [15:26]
Namworld Eduard: be wary however. [15:26]
Eduard_Munteanu Namworld: of local trading? [15:26]
Namworld No, the BTC price raised by over 100% in the last two months [15:27]
Namworld It might not keep it's worth for long. BTC is volatile. [15:27]
Eduard_Munteanu Yeah, I know. I'd like to wait a bit and see if it crashes. [15:27]
Namworld It goes up and down wildly with news. [15:27]
Namworld other than that, the global picture is a slow and steady raise. [15:27]
Eduard_Munteanu The demand might be gone after the ASICs are sold. [15:28]
Bicknellski same here... but the bubble seems to be more of a new normal [15:28]
Namworld Also be wary, many BTC stocks end up being scams or perform poorly. [15:29]
Bicknellski there is a lot more money in than the last time when it tanked [15:29]
Bicknellski But I think you are right local trading is a very good way to go [15:31]
Bicknellski just finding BTC locally is a hard one [15:31]
Namworld Lots of investigation required. There's occasional opportunities that open, usually best flipping it right back. [15:31]
Bicknellski at least for me anyhow [15:31]
Eduard_Munteanu The spreads are huge, the only ones selling are doing it for $37/BTC. [15:31]
Namworld ouch [15:31]
TomServo Anyone ever heard of a local trade 'gone wrong'? [15:32]
Chaang-Noi id sell at 37 $ :) [15:32]
Namworld I didn't... but that might have happened. [15:33]
Chaang-Noi no, but i bet people will get mugged over it one of these days [15:33]
Chaang-Noi make sure to meet in a bank loby or something, lol [15:33]
Eduard_Munteanu Good thing we don't carry BTCs around in our wallets. [15:33]
kakobrekla i do [15:34]
Eduard_Munteanu kakobrekla: cool, some BTC-denominated card? [15:34]
kakobrekla cas coin and some home made priv keys printed as bank note [15:34]
Eduard_Munteanu Interesting. [15:35]
Eduard_Munteanu That's one way to print your own notes. [15:35]
Eduard_Munteanu BTC rules. [15:35]
Eduard_Munteanu Namworld: do you have fancier stuff like options or shorting? [15:39]
Namworld No, unfortunatly. Not easy to set up. [15:40]
Eduard_Munteanu Yeah. Also I suppose shorting is risky for the lender. [15:40]
Namworld I can broker options manually on request. [15:40]
Namworld Yes, I don't lend my assets. [15:41]
kakobrekla Yes, I don't lend my ass. [15:41]
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DeadWeasel selfish lovers [15:43]
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Chaang-Noi ;;asks 32 [15:44]
gribble There are currently 11216.171 bitcoins offered at or under 32.0 USD, worth 357926.122005 USD in total. [15:44]
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Namworld We'll break the all time high at this rate... [15:45]
DeadWeasel what psychological impact will that have? I would guess short term dumping by a steady rise, if the dumps aren't maintained [15:46]
DeadWeasel followed by* [15:46]
DeadWeasel would like to see a dump around 32.69ish, then buy back in a few dollars cheaper if possible. [15:47]
Namworld I'd be more for extreme frenzy of old followed by a steep decline. [15:47]
DeadWeasel so impossible to know [15:47]
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DeadWeasel frenzy of old? [15:48]
Namworld in 2011 [15:48]
Namworld Where for a short time it really skyrocketed. [15:48]
DeadWeasel this rise has been slightly more metered. [15:49]
Namworld perhaps... [15:50]
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Chaang-Noi anyone know the odds for this site? http://kingco.in/ [15:51]
Chaang-Noi i dont mind us staying under it for a month, then i giant break out to $50 [15:52]
kakobrekla yeah well [15:53]
kakobrekla a lot of people is saying that [15:53]
abracadabra the odds are not in your favor [15:53]
abracadabra ;) [15:53]
kakobrekla lucky theres always dubasses that dump [15:53]
Chaang-Noi abra, im sure, but im up 120% just testing it [15:54]
Namworld I think the dumbasses are the ones mass buying currently. [15:56]
kakobrekla sell all you have then [15:56]
Namworld I'm not selling. On the very long term, I'm long. But in the short term, I'm short after such a large rise. [15:57]
Eduard_Munteanu I wish I could short BTC right now. [15:58]
Namworld I got BTC placed in USD based income businesses. [15:58]
kakobrekla lol [16:01]
kakobrekla bfl bet rehashed [16:01]
kakobrekla http://bitbet.us/bet/261/bfl-will-deliver-asic-devices-before-march-15th/ [16:01]
kakobrekla this time im not the author tho [16:02]
kakobrekla belivers went quiet? [16:03]
ThickAsThieves http://www.bbc.co.uk/news/business-21589128 Bank Of England considering negative interest rates [16:05]
ThickAsThieves we don't want your money [16:06]
Eduard_Munteanu ThickAsThieves: I'm cool with that as long as they don't lend my money [16:06]
Chaang-Noi someone was here a while ago saying they bought on credit cards [16:06]
Bicknellski Man I have to buy some BTC soon no matter what yuk! [16:07]
Eduard_Munteanu That's how full reserve should work. Otherwise, no way, GTFO. :) [16:07]
Eduard_Munteanu If the interest rate doesn't cover the inflation, you're probably better off keeping your money in a warehouse, safe deposit box, full reserve bank, some other currency etc. [16:08]
Bicknellski Bank Of England considering negative interest rates (Freicoin) [16:10]
Bicknellski :) [16:10]
Bicknellski BFL is so fubar [16:13]
Diablo-D3 negative interest rates? lol [16:13]
Bicknellski Awesome right [16:21]
Bicknellski spread the wealth people... [16:21]
jurov lol if banks don't know what to do with money, why not fund long term infrastructure/scientific development.. [16:21]
jurov ...but that doesn't look good on quarterly report, yeah [16:21]
Bicknellski The money is broken [16:22]
Bicknellski ;) [16:22]
assbot [MPEX] [S.MPOE] 7900 @ 0.00076482 = 6.0421 BTC [-] [16:24]
DeadWeasel the money is broken, lol. [16:25]
DeadWeasel very broken [16:25]
Bicknellski Yup [16:25]
Bicknellski ... hahaha [16:25]
Eduard_Munteanu Who needs banks when you have BITCOIN! :) [16:33]
Namworld You said you were new but seem to already have catched the Bitcoin bug. [16:34]
assbot [MPEX] [S.MPOE] 1084 @ 0.00076482 = 0.8291 BTC [-] [16:34]
Eduard_Munteanu Namworld: indeed, quite fun [16:35]
thestringpuller Namworld: [16:35]
thestringpuller yt? [16:36]
Namworld hmm... what's yt? [16:36]
ThickAsThieves you there? [16:36]
ThickAsThieves ;;bc,stats [16:37]
gribble Current Blocks: 223218 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 557 blocks | Next Difficulty In About: 3 days, 6 hours, 38 minutes, and 7 seconds | Next Difficulty Estimate: 4316094.45818 | Estimated Percent Change: 18.2164 [16:37]
Namworld ah. Well obviously since I talked two minutes ago. [16:37]
Namworld Eduard: then you might appreciate this tool I've made: http://namcdn.com/btcalarm/ [16:37]
Bicknellski 4316094.45818 vs 3651011.630693214 [16:37]
Namworld I use it to wake up when price moves on MtGox [16:37]
Eduard_Munteanu Hm, interesting, thanks. [16:37]
Namworld thestringpuller, what did you want? [16:38]
Bicknellski Doctor SP. [16:38]
thestringpuller a vps and a new domain name [16:39]
thestringpuller for another project [16:39]
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Namworld Ah, I see. [16:40]
Namworld You will need to wait for Arij or Phungus to be around to set up a VPS. [16:40]
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thestringpuller when would that bd [16:46]
thestringpuller be* [16:46]
Namworld You have an order up on bitvps.com? [16:49]
Namworld Should be set somewhere this afternoon/evening then. [16:49]
Namworld Hmm, nothing else? [16:54]
Namworld I'm off for now. [16:54]
* Namworld is now known as Namworld_afk [16:55]
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thestringpuller !ticker m O.BTCUSD.C310T [17:46]
assbot [MPEX:O.BTCUSD.C310T] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 0.25778105 / 0.25819404 / 0.28103279 (563 shares, 145.36 BTC), 30D: 0.25778105 / 0.25819404 / 0.28103279 (563 shares, 145.36 BTC) [17:46]
thestringpuller !ticker m O.BTCUSD.C350T [17:46]
assbot [MPEX:O.BTCUSD.C350T] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: 0.2057493 / 0.2057493 / 0.2057493 (916 shares, 188.47 BTC), 30D: 0.2057493 / 0.2057493 / 0.2057493 (916 shares, 188.47 BTC) [17:46]
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assbot [HAVELOCK] [SDICE] 2 @ 0.68 = 1.36 BTC [+] [17:57]
assbot [MPEX] [S.MPOE] 1816 @ 0.00076391 = 1.3873 BTC [-] [18:02]
assbot [MPEX] [S.MPOE] 6645 @ 0.00076935 = 5.1123 BTC [+] [18:02]
assbot [MPEX] [S.MPOE] 17489 @ 0.00076936 = 13.4553 BTC [+] [18:03]
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DeadWeasel ;;ticker [18:58]
gribble BTCUSD ticker | Best bid: 31.01298, Best ask: 31.03999, Bid-ask spread: 0.02701, Last trade: 31.03999, 24 hour volume: 39955.84230975, 24 hour low: 30.11000, 24 hour high: 31.69900, 24 hour vwap: 30.85183 [18:58]
DeadWeasel ;;bc,24prc [18:58]
gribble Error: "bc,24prc" is not a valid command. [18:58]
DeadWeasel ;;bc,24hprc [18:58]
gribble 30.80 [18:58]
aethero Updated volume and profit statements for ZIGGAP released on it's BitFunder description page [18:59]
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ThickAsThieves thx [19:05]
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assbot [MPEX] [S.DICE] 1000 @ 0.00629175 = 6.2918 BTC [-] [19:19]
assbot [MPEX] [S.DICE] 700 @ 0.00629176 = 4.4042 BTC [+] [19:19]
assbot [BTCTC] [S.MPOE-PT] 1000 @ 0.00071 = 0.71 BTC [-] [19:24]
assbot [BTCTC] [S.MPOE-PT] 1055 @ 0.0007 = 0.7385 BTC [-] [19:25]
topace anyone used php's gpg extensiosn? when i gnupg_verify, i get a "validity" field in the result, that seems to be 0 for failed, or 4 for valid... but i have no clue what the 4 means, or if i should accept 1,2,3,4,etc as valid as well? [19:30]
mod6 On success, this function returns information about the signature. On failure, this function returns FALSE. [19:32]
mod6 so maybe any integer returned is ok [19:32]
mod6 http://www.php.net/manual/en/function.gnupg-verify.php [19:32]
topace failure doesnt mean signature invalid [19:33]
topace an invalid signature still returns the array of information about the sig [19:33]
mod6 ahh, well too bad its not like perl where you can just look in the PM to find what's what. [19:33]
topace {"fingerprint":"8DDE8C2B4DE2278A95C3D65B9214FC6BF1B69921","validity":4,"timestamp":1361385050,"status":0,"summary":3} [19:35]
topace it returns things like that [19:35]
topace i have no clue what status, summary, or validity values are [19:36]
mod6 what does it say if you make it fail [19:36]
topace {"fingerprint":"9214FC6BF1B69921","validity":0,"timestamp":0,"status":117440520,"summary":4} [19:37]
mod6 hmm. so if validity is > 0 you're ok? [19:38]
topace thats what i'd like to really be sure of.. not really something i can ASSUME [19:38]
mod6 fair enough [19:38]
topace im making a way to automatically push assets from MPEX to Havelock, simply by pasting in a PUSH receipt [19:38]
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mod6 i remember you saying this before. [19:40]
mod6 i don't know how one does that. In my mind, person A owns 1 share of XYZ and he can push to another key on the MPEx keyring (weather it exists on the keyring or not) ... but how does one push this to a remote keyring? [19:41]
mod6 i would think that i'd have to be different to discern who person A is on the remote system and just dump the 1 XYZ in there, while keeping the 1 XYZ in holdings on MPEx [19:42]
mod6 s/i'd/it'd/ [19:42]
topace yes, you would push it from your mpex account to the havelock mpex account [19:43]
topace then paste the push receipt into the havelock website, which would verify 6 things: [19:43]
mod6 but how? i mean, on mpex its just like "PUSH|MPSIC|LONGKEYFINGERPRINT|QTY" [19:44]
mod6 how do you specify a destination? [19:44]
mod6 OH [19:44]
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mod6 ok... so with the receipt you just parse that on the remote end and use that to verify. [19:44]
topace //1 valid signature [19:44]
topace //2 that its actually from mpex (fingerprint?) [19:44]
topace //3 that its a receipt we have not processed already [19:44]
topace //4 that its a push receipt to havelock account [19:44]
topace //5 that we recognize what was pushed [19:44]
topace //6 that the quantity if what was pushed is ok [19:44]
mod6 yeah, this could get hairy dude. [19:44]
topace its actually very straightforward [19:45]
topace and secure [19:45]
mod6 good luck :) [19:45]
topace as long as one can trust and properly interpret the result from gnupg_verify() [19:46]
mod6 yeah, seems like if you could know for certain about 1-6 it could work pretty good. could reek havoc though if there was any problems. [19:49]
topace when i launch it, it'll go through a manual approval step for the first little while, just to make sure :) [19:53]
topace but from my understanding, it should work just fine, i ran it by mp too and he seemed to think it should work well [19:53]
mod6 yeah it seems like it could work out decent. doing it manually in tandom for a while would be good to ensure that the correct values get to the correct accounts, etc. [20:01]
mod6 its shitty when neat-o libraries don't define their return statements, nor can they be correlated to a given spec. [20:02]
assbot [BTCTC] [ESECURITYSABTC] 1 @ 0.64798 BTC [+] [20:02]
mod6 at least not easily found or whatever :/ [20:02]
mod6 back to the first statement: On success, this function returns information about the signature. On failure, this function returns FALSE. [20:03]
assbot [BTCTC] [BTC-BOND] 25 @ 0.01 = 0.25 BTC [+] [20:03]
mod6 i'd be nice to know what {1,2,3,4...} are for! lol [20:03]
assbot [BTCTC] [COGNITIVE] 1 @ 0.33 BTC [+] [20:03]
mod6 hahaha [20:06]
mod6 If verification fails, the gnupg_verify() returns the key's id instead of fingerprint . It does not return FALSE as stated above (PHP4, have not tested PHP5). You can compare it with result of keyinfo: [20:06]
mod6 http://www.php.net/manual/en/function.gnupg-verify.php#89192 [20:06]
mod6 so much for returning FALSE [20:06]
topace yea [20:07]
topace thats what i said, it always returns an array [20:07]
topace unless the function itself completely fails for some reason [20:07]
topace its just checking the values from the returned array (esp the "validity" field) that i need to be 100% sure about [20:07]
mod6 yeah, i see. [20:07]
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mod6 this seems like it could work pretty good with some testing [20:10]
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topace not sure how much demand there would be... its possible now, for free, just manaually processed, and nobody has taken advantage of it yet [20:13]
topace but for the naysayers that think im "hogging all the arbitrage" as i add more units to havelock.. it'll satisfy them at least (give them the opportunity to do the same arbitrage) [20:14]
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assbot [BTCTC] [COGNITIVE] 1 @ 0.3449 BTC [+] [20:22]
mod6 topace: yeah, seems like it would be some good arbitrage oppertunities -- im sure with this automated demand would pick up over time. [20:26]
mod6 :] [20:26]
mod6 We're not engaged in a currency war. [20:28]
mod6 o rly? [20:28]
mod6 http://video.cnbc.com/gallery/?play=1&video=3000150533 [20:29]
mod6 ALL YOUR BASE ARE BELONG TO US [20:29]
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ThickAsThieves top, i didnt know you did that [20:38]
ThickAsThieves facilitate buys from mpex [20:38]
ThickAsThieves so i used other exchanges in the past [20:39]
ThickAsThieves i started on havelock [20:39]
ThickAsThieves but to be fair, I didn't know anyone did it til Deadterra [20:39]
ThickAsThieves why wouldn't you just hog all the arbitrage if you have the ability? [20:41]
topace ThickAsThieves: yea havelock launched teh SDICE passthru beginning of January [20:44]
topace and we allow users to push existing holdings from mpex to havelock, or from havelock back to mpex [20:44]
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topace ThickAsThieves: i dont mind hogging all the arbitrage at all, but its kind of a conflict of interest since i run the site... if my goal is simply arbitrage at least... which it hasnt been since we launched.. my goal has been to grow the sdice holdings on havelock, and the only way to do that is to buy on mpex and sell the units on havelcok, so the arbitrage is a added side-benifit to me. [20:46]
topace i move things at break-even often, so no profit from the arbitrage at all [20:46]
topace just to get more units onto havelock [20:46]
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ThickAsThieves the 5% cut being plenty [20:47]
ThickAsThieves make sense [20:47]
topace but the more liquid the better, so if its easier for others to do the arbitrage as well, im all for that [20:48]
topace thus, why i want to setup this automatic push system [20:48]
topace instead of having to manually process push requests [20:48]
ThickAsThieves but this would only be for people who have an mpex account right [20:49]
assbot [MPEX] [S.DICE] 2000 @ 0.00634999 = 12.7 BTC [+] [20:49]
assbot [MPEX] [S.DICE] 3000 @ 0.00635 = 19.05 BTC [+] [20:49]
ThickAsThieves the feature you are developing, I mean [20:49]
assbot [HAVELOCK] [SDICE] 24 @ 0.640001 = 15.36 BTC [-] [20:49]
assbot [HAVELOCK] [SDICE] 2 @ 0.64000002 = 1.28 BTC [-] [20:49]
assbot [HAVELOCK] [SDICE] 15 @ 0.64000001 = 9.6 BTC [-] [20:49]
assbot [HAVELOCK] [SDICE] 9 @ 0.64 = 5.76 BTC [-] [20:49]
ThickAsThieves i need to just get an mpex account already [20:49]
topace yea exactly, it would only work if you also had an mpex account [20:50]
topace or, had someone with an mpex account willing to purchase/push on you rbehalf (others here have made that offer to people before i've seen) [20:50]
ThickAsThieves ah, thats what I was referring to with deadterra [20:50]
ThickAsThieves buying on mpex for me and pushing to BF [20:51]
topace yea.. i'd do that for havelock users too, if im around [20:51]
topace but im not here 24/7, and often when the good arbitrage opportunities come up, you have to act quickly [20:52]
ThickAsThieves right [20:52]
ThickAsThieves several us have had urges to cream into your bids for sdice in recent weeks [20:52]
ThickAsThieves of [20:52]
topace yea, im amazed at the demand for sdice on havelock [20:53]
topace and it just keeps growing [20:53]
assbot [MPEX] [S.DICE] 5000 @ 0.00635 = 31.75 BTC [+] [20:54]
assbot [HAVELOCK] [SDICE] 8 @ 0.64 = 5.12 BTC [-] [20:54]
assbot [HAVELOCK] [SDICE] 15 @ 0.639 = 9.585 BTC [-] [20:54]
assbot [HAVELOCK] [SDICE] 13 @ 0.63200001 = 8.216 BTC [-] [20:54]
assbot [HAVELOCK] [SDICE] 14 @ 0.632 = 8.848 BTC [-] [20:54]
ThickAsThieves would this be something that could be integrated with coinbr [20:55]
topace ^ there, i actually LOST bitcoins doing that arbigrage, just to move another 5000 shares to havelock [20:55]
ThickAsThieves but thats only beneficial for YOU ;) [20:55]
topace indeed :) [20:56]
topace 1,050,000 SDICE shares now on havelock [20:56]
topace not sure about integrating with coinbr, anything is possible though [20:57]
topace if coinbr gives you PUSH receipts from mpex, then it would work [20:57]
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jurov coinbr does push completely manually, i can give you the receipt if needed [21:01]
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topace do users get the receipt? [21:03]
jurov yes if they ask [21:03]
topace well, let me get automatic mpex<-->havelock setup first, then lets talk about setting up coinbr<-->havelock :) [21:04]
jurov anyway i did it only once so far... with your offering this may get requested more and be the impetus do do it better [21:04]
jurov but i'm very wary of any automatic moving of stuff to/from mpex [21:04]
jurov not easy to fix afterwards, you know [21:05]
pigeons you'll have to sue the proprieotr in his own court if you make an error [21:06]
topace heh yea [21:07]
jurov if there's a know proprietor, ofc [21:07]
jurov *known [21:07]
topace the 'automatic' is going to have a final approval button for me to click for the first little while [21:07]
topace just to make sure [21:07]
topace but realistically, it should work perfectly [21:07]
topace and im always in favour of automating things [21:08]
topace i like residual income, not income i have to work for! [21:08]
jurov if there's only one fixed address involved it's doable [21:09]
jurov but the thought of supporting automatic transfers to anywhere makes my hair stand up [21:09]
jurov maybe i'll have to use extra account for that, move the user's stuff there [21:10]
jurov and then in separate step move it out [21:10]
jurov and accepting incoming transfers likewise on other direction [21:10]
jurov so that neither coinbr's core addy gets known nor successful attack of frontend enable attacker to push stuff onto his account [21:15]
topace heh you must not trust your own security then :p [21:16]
jurov i don't have to trust the filthy bitvps machine, that's all [21:17]
topace ah [21:17]
topace own all my physical servers [21:17]
topace and they're locked in my own cage at the data center [21:17]
jurov i prefer to have frontend and backed physically separated [21:17]
jurov i also expect ddos, it will make it handling easier if backend is completely elsewhere [21:18]
jurov bootstrapping it completely, has to do things as lean as possible [21:20]
jurov can't expect any investor in this situation "okay, now tell me more about this mircea popescu" lol [21:20]
jurov even if i paint him in rosy colors, then they come around trilema blog and MPOE-PR haha [21:23]
jurov whatever. i'm used to doing things in this fashion. [21:25]
jurov alone [21:25]
thestringpuller jurov mircea_popescu will likely be your first big investor [21:26]
assbot [BTCTC] [GSDPT] 7 @ 0.00636 = 0.0445 BTC [+] [21:27]
assbot [BTCTC] [GSDPT] 93 @ 0.00636 = 0.5915 BTC [+] [21:27]
jurov he is not interested in doing noob interface. [21:27]
jurov maybe we can do some other project like he did with kakobrekla if i come around interesting idea [21:27]
thestringpuller bitbet is going to grow rather slow [21:28]
jurov but hockey stick curve for bitbet is possible, if it becomes as popular as sdice [21:29]
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jurov i decided to dampen things in coinbr by asking monthly fee... after several months i can say i did it right [21:30]
jurov the issues i had would be unsolvable with 10-100x higher volume [21:30]
swhitt ;;bc,stats [21:31]
gribble Current Blocks: 223259 | Current Difficulty: 3651011.630693214 | Next Difficulty At Block: 223775 | Next Difficulty In: 516 blocks | Next Difficulty In About: 3 days, 2 hours, 9 minutes, and 20 seconds | Next Difficulty Estimate: 4336419.58974 | Estimated Percent Change: 18.7731 [21:31]
swhitt ,,bc,stats [21:31]
swhitt bleh [21:31]
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topace !ticker h sdice [21:37]
assbot [HAVELOCK:SDICE] 1D: 0.63000000 / 0.6383501 / 0.68000000 (240 shares, 153.20402432 BTC), 7D: 0.60000000 / 0.65789684 / 0.74399999 (1300 shares, 855.26589784 BTC), 30D: 0.52100000 / 0.6659979 / 0.89000000 (11030 shares, 7345.95684524 BTC) [21:37]
jurov ;;calc 4336419 * 1.5 [21:40]
gribble 6504628.5 [21:40]
jurov how likely is the diff to go up by 50% around March 14? [21:41]
jurov with no signs of fpga progress... maybe i can sell some more iDiff-Os at 0.07 [21:42]
ThickAsThieves looking less and less likely [21:43]
ThickAsThieves not one asic provider is meeting their projections [21:43]
assbot [BTCTC] [GOLD] 1 @ 0.5008 BTC [-] [21:46]
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DeadWeasel ;;ticker [21:49]
gribble BTCUSD ticker | Best bid: 30.96001, Best ask: 30.99000, Bid-ask spread: 0.02999, Last trade: 30.88007, 24 hour volume: 42692.62675683, 24 hour low: 30.11000, 24 hour high: 31.69900, 24 hour vwap: 30.92679 [21:49]
swhitt I bet BFL won't ship until the end of march [21:49]
DeadWeasel end of april, if at all [21:49]
assbot [BTCTC] [BTC-BOND] 10 @ 0.00991 = 0.0991 BTC [-] [21:57]
assbot [BTCTC] [BTC-BOND] 38 @ 0.0099 = 0.3762 BTC [-] [21:57]
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assbot [MPEX] [S.MPOE] 2800 @ 0.00076 = 2.128 BTC [-] [22:21]
DeadWeasel ;;slap balls [22:26]
* gribble slaps balls with a mean AK-47 [22:26]
mod6 yikes [22:27]
mod6 7.62x39 to the ball bag != good day [22:27]
DeadWeasel nope. i just want to go home. [22:27]
DeadWeasel fucking jobs and the money they pay me. [22:27]
DeadWeasel jerks [22:27]
mod6 ahh werd [22:28]
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* DeadWeasel is now known as fartknocker [22:37]
* fartknocker is now known as deadweasel [22:38]
assbot [HAVELOCK] [KCIM] 10 @ 1 = 10 BTC [+] [22:41]
kakobrekla sup bitches' [22:44]
deadweasel ;;slap balls [22:44]
* gribble slaps balls with a slushy carcass [22:44]
deadweasel ballsacks [22:44]
deadweasel that's what [22:44]
deadweasel sup witch u kako? [22:45]
deadweasel mah brudda?!?! [22:45]
kakobrekla :D [22:45]
deadweasel srsly, I just don't give a fuck about working anymore. [22:45]
deadweasel i gotta get out of here. [22:45]
kakobrekla all good, been a long day which is just about to start really [22:45]
kakobrekla yes, stop wroking. [22:46]
kakobrekla working [22:46]
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kakobrekla its silly! [22:46]
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* Bugpowder is now known as Guest211 [22:47]
deadweasel bugpowder, you're here! and kakobrekla ! you can watch my apathy grow! [22:47]
kakobrekla show us what u got [22:47]
deadweasel it's thiiiiiiiiiiiiiiiiis big. [22:47]
deadweasel 1 million strong, and groooooowing [22:48]
deadweasel i'm closing this ssh session. these people want to offer me a permament position, I should pretend to work the last 10 minutes i'm here. [22:49]
deadweasel adios [22:49]
* deadweasel (~DeadWease@cpe-74-75-235-219.maine.res.rr.com) has left #bitcoin-assets [22:49]
jurov doing things over ssh = not working? strange [22:49]
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Bugpowdr huh? [22:51]
Bugpowdr The reddit wankers are getting more pathetic by the day. http://www.reddit.com/r/Bitcoin/comments/199vvi/bitcoins_and_how_they_changed_my_life/ [22:52]
assbot [HAVELOCK] [HIM] 1 @ 17.5 BTC [+] [22:52]
Bugpowdr "At this point, bitcoins could go to $0 without any regrets" I seriously doubt that this statement is true. [22:52]
dub don't forget the $1000 ripples [22:53]
jurov i seriously expected mention of silkroad/satoshidice [22:54]
dub or whatever XBC is [22:54]
jcpham OMG dub R U SELLING XBC??????!?!?!?! [22:54]
dub what is xbc [22:54]
jcpham shrug [22:54]
dub and yes I am selling it [22:54]
jcpham schweet [22:54]
error4733 me too 50K [22:55]
dub 100btc each you send first [22:55]
error4733 for 50K s.dice [22:55]
jcpham can iripple with it? [22:55]
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topace jesus, HIM trading at 17.50 BTC [23:05]
dub what is HIM [23:05]
topace thats over $500/share [23:05]
topace https://www.havelockinvestments.com/fund.php?symbol=HIM [23:05]
topace good thing we're doing the 1:10 stock split on friday [23:06]
topace bring things back to a normal level [23:06]
dub eww worldwidewebternet [23:06]
dub I prefer not to [23:06]
topace we're the berkshire hathaway of bitcon investmetns right now [23:06]
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Namworld_afk Bugpowdr: personally I wouldn't mind that much right if BTC went to zero and died. [23:10]
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thestringpuller topace berkshire hathaway? bold claim [23:12]
thestringpuller also if you were truly B-H you wouldnt split the stock [23:12]
burnside what's the rough hashrate/share right now on HIM? [23:15]
topace thestringpuller: just from a high price perspective at least. not referring at all to possible returns [23:17]
topace not many people are willing to drop $500+ on a single unit of an investment [23:17]
topace yea, we dont want to be b-h :) we want market liquidity [23:17]
topace and that only comes at this point with either a) millionaires, or b) lower per-unit price [23:18]
topace burnside: about 25GH [23:18]
assbot [HAVELOCK] [HIM] 1 @ 17 BTC [-] [23:18]
topace err actually, ~23GH, we shut off a a few of the old GPU machines, only FPGA's are running now [23:18]
pigeons keep talking maybe someone will buy another [23:19]
topace ahaha apparently [23:19]
pigeons :) [23:19]
midnightmagic 25GH.. per share? [23:19]
topace nonono [23:19]
midnightmagic 25GH total. How many shared? [23:19]
midnightmagic er.. shares? [23:20]
topace https://www.havelockinvestments.com/fund.php?symbol=HIM [23:20]
midnightmagic Are they ownership stakes in the mining equipment? [23:20]
topace yes [23:20]
topace a share is its percent of the total ownership of the compnay [23:20]
topace 400 shares [23:20]
topace on friday it'll be 4000 [23:20]
midnightmagic Oh, they're actual shares in a company..? [23:20]
midnightmagic Are the articles of incorporation available somewhere? [23:21]
midnightmagic aaargh there's an sdice passthrough. lol [23:22]
midnightmagic topace: Hey if they're ownership stakes does that mean we can trade the shares in for shipped fpga units? [23:22]
topace they arent shares, they are units :) [23:23]
topace and no, you cant trade a unit in for a shipped fpga [23:23]
midnightmagic topace: What FPGAs are you running? ztex? [23:25]
Bugpowdr Namworld_afk: you buy puts again? [23:25]
topace bfl [23:25]
topace and have pre-orders in for asic upgrades on every fpga already (since july/august).. if bfl ever ships, lol [23:25]
topace the delays all the asic producers have had have been great for the fund though, much better return on the FPGAs [23:26]
topace https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=8159181&V_TOKEN=1361913886449&crpNm=8159181&crpNmbr=&bsNmbr= [23:26]
topace not sure if that'll work, ight have the session in it... [23:26]
midnightmagic it works. That's the corporation? [23:30]
midnightmagic Are the articles of incorporation somewhere on that page, or are they elsewhere? [23:30]
midnightmagic good heravens, if that's you, you're federally incorporated dude. [23:31]
dub federation of moosecock? [23:32]
midnightmagic dub: how droll [23:35]
assbot [MPEX] [S.MPOE] 10000 @ 0.00074744 = 7.4744 BTC [-] [23:39]
assbot [MPEX] [S.MPOE] 2015 @ 0.00074743 = 1.5061 BTC [-] [23:39]
burnside topace, thanks, that's pretty good. [23:40]
assbot [MPEX] [O.BTCUSD.C310T] 8 @ 0.17554903 = 1.4044 BTC [-] [23:42]
topace yea [23:48]
topace we're federally incorporated [23:48]
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topace it costs $200 and takes 15 minutes online to get a federal corporation [23:54]
topace in canada [23:54]
topace with it comes a lot of reporting requirements of course, and those are LEGAL requirements [23:54]
topace so its easy to get, but not easy to do all the things you have to do once you have it [23:54]
assbot [HAVELOCK] [HIM] 1 @ 18 BTC [+] [23:56]
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