Forum logs for 29 Mar 2013

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu

*	Biteesak has quit (Client Quit)	[00:00]
thestringpuller	mpoe bot wins again...	[00:00]
thestringpuller	:D	[00:01]
Bowjob_	;;ticker	[00:01]
Bowjob_	This selloff, man	[00:01]
gribble	Error: Failure to retrieve ticker. Try again later.	[00:01]
pizzaman1337	we were so close to 100...	[00:01]
thestringpuller	oh boo hoo	[00:02]
thestringpuller	keep crying	[00:02]
*	GigicaViteazu (~Alin@188.25.220.151) has joined #bitcoin-assets	[00:02]
kakobrekla	http://bitbet.us/bet/316/bitcoin-to-trade-at-100-usd-by-the/	[00:02]
taub	502 Bad Gateway	[00:02]
kakobrekla	easy money now	[00:02]
pizzaman1337	I'll just buy more	[00:02]
taub	:>	[00:02]
Namworld	mircea: yeah, but it by the time vwap change, you'd have time to adjust position	[00:02]
Namworld	Assuming you're watching the price	[00:03]
Bowjob_	All right, I've won the BTC game	[00:03]
assbot	[BTCTC] [B.YABMC] 1 @ 0.00876 BTC [-]	[00:03]
Bowjob_	Made my capital back and then some, still 100+ BTC. and then ASIC	[00:03]
Bowjob_	Im not worried.	[00:03]
Bowjob_	wew	[00:03]
taub	wish i wasnt so tired,m ight as well just go to back	[00:03]
taub	bed, and when i wake up its at 92 again	[00:03]
assbot	[BTCTC] [B.YABMC] 1 @ 0.00875 BTC [-]	[00:03]
taub	and time to short the second time	[00:04]
jurov	http://bitbet.us/bet/334/bitcoin-crashes-to-below-10-usd-before-sept/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc	[00:04]
Namworld	taub, I have something to sleep soundly	[00:04]
jurov	^^ higher weight	[00:04]
thestringpuller	http://bitbet.us/bet/334/bitcoin-crashes-to-below-10-usd-before-sept/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc	[00:04]
taub	everything to 60 is just a 30% retracement	[00:04]
taub	nothing that unusual	[00:04]
taub	be worried when it breaks 50	[00:04]
taub	:/	[00:04]
mircea_popescu	Namworld depends. it can happen in one tick.	[00:05]
Namworld	yeah, I suppose	[00:05]
mircea_popescu	it's not likely obviously	[00:05]
mircea_popescu	but with btc... you never know.	[00:05]
pgp	yes... 60 is support	[00:05]
Guest14382	65 is support	[00:07]
*	kleinlol has quit (Quit: Page closed)	[00:07]
*	error4733 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[00:07]
pgp	;;goxlag	[00:07]
gribble	Error: invalid syntax (, line 1)	[00:07]
mircea_popescu	it's funny tho, crash happened just after i finally claimed my 50mn mkt cap trophy	[00:08]
Cylta	mircea_popescu are you technically able to start rally/panic sell?	[00:08]
mircea_popescu	so i guess ty markets	[00:08]
mircea_popescu	Cylta what's that mean ?	[00:08]
error4733	;;ticker	[00:08]
pgp	mp - you jumped the shark	[00:08]
gribble	Error: Failure to retrieve ticker. Try again later.	[00:09]
mircea_popescu	yeh, old news nao.	[00:09]
Cylta	for example can you do crash like this at any time you want?	[00:09]
mircea_popescu	i dunno	[00:09]
pgp	gribble down?	[00:09]
mircea_popescu	howwould i know ?	[00:09]
mircea_popescu	pgp prolly mtgox.	[00:09]
*	Thinker_ (~Thinker~@cpe-24-59-184-164.twcny.res.rr.com) has joined #bitcoin-assets	[00:10]
pgp	oops.... they might having a real problem right now...	[00:10]
jurov	Cylta, mtgox won't be crashed "technically". instead some clever folks will feed it few indigestible orders	[00:10]
jurov	if that isn't happening already	[00:10]
benkay	whaddaya mean by "indigestible orders"?	[00:11]
jurov	i remember mtgox engine discussed somewhere	[00:11]
jurov	generally it's assumed it is very inefficient	[00:11]
thestringpuller	$vwap s.mpoe	[00:12]
mpexbot	thestringpuller: S.MPOE 1 day: average: 0.00061457 high: 0.00066576 low: 0.0006 volume: 138646 btc: 85.20714111 7 day: average: 0.00066397 high: 0.00072379 low: 0.0006 volume: 1717494 btc: 1140.36576603 30 day: average: 0.00073513 high: 0.00078628 low: 0.0006 volume: 16803773 btc: 12352.973398	[00:12]
Bowjob_	;;ticker	[00:12]
gribble	Error: Failure to retrieve ticker. Try again later.	[00:12]
thestringpuller	$bids s.mpoe	[00:12]
thestringpuller	mircea_popescu: what is command for depth	[00:13]
thestringpuller	oh depth	[00:13]
thestringpuller	$depth s.mpoe	[00:13]
mpexbot	thestringpuller: S.MPOE Bids: ['27400 @ 0.00064468', '9650 @ 0.00063483', '5172 @ 0.00060001', '1000 @ 0.00060001', '97155 @ 0.0006']	[00:13]
mpexbot	thestringpuller: Asks: ['5000 @ 0.00067292', '5000 @ 0.00068292', '1300 @ 0.00068293', '5000 @ 0.00068294', '5000 @ 0.00069537']	[00:13]
ThickAsThieves	gox down	[00:13]
mircea_popescu	lmao	[00:13]
*	Bowjob_ has quit (Quit: Page closed)	[00:13]
error4733	srsly ?	[00:13]
pgp	down hard, methinks...	[00:13]
thestringpuller	no it's up	[00:13]
thestringpuller	I can still trade	[00:13]
thestringpuller	I don't think it's quoting to charts	[00:14]
ThickAsThieves	ok its up now	[00:14]
ThickAsThieves	;;ticker	[00:14]
gribble	BTCUSD ticker \| Best bid: 76.51340, Best ask: 78.00000, Bid-ask spread: 1.48660, Last trade: 76.51340, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:14]
ThickAsThieves	;;goxlag	[00:14]
gribble	18.294714 seconds	[00:14]
ThickAsThieves	just need a reboot	[00:14]
pgp	there it goes	[00:14]
benkay	hey fam, when I send a tx with a confirmation fee, that confirmation fee does not come out of the amount sent to the recipient, right?	[00:15]
mircea_popescu	right.	[00:15]
thestringpuller	benkay: that is correct	[00:15]
ThickAsThieves	some services do	[00:15]
benkay	which ones, TaT?	[00:15]
ThickAsThieves	btc-e	[00:15]
ThickAsThieves	i think another	[00:15]
taub	do the dance	[00:15]
taub	its getting jiggly	[00:15]
*	Troic has quit (Quit: Leaving)	[00:16]
jurov	can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop	[00:16]
*	beetlebee has quit (Ping timeout: 245 seconds)	[00:16]
jurov	so if there's many it seizes up	[00:16]
ThickAsThieves	lately, sometimes i see the top ask is a lower price than the next ask on clarkmoody sometimes	[00:17]
*	Biteesak (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[00:17]
ThickAsThieves	sometimes sometimes	[00:17]
*	Biteesak has quit (Client Quit)	[00:19]
Namworld	I'm seeing a trend...	[00:19]
Namworld	Last time we were trying to break 75, flash crash to almost 50. Now we try to break 100, flash crash to almost 75. Now starting to go back up again...	[00:20]
Namworld	This... market... is...	[00:20]
Namworld	...	[00:21]
Guest14382	come on TANK	[00:21]
ThickAsThieves	it's like ltc prices	[00:21]
Namworld	It refuses to	[00:21]
ThickAsThieves	follow the wave	[00:21]
jurov	lol we need to cool the market: http://engineering.stanford.edu/news/new-type-solar-structure-cools-buildings-full-sunlight	[00:21]
*	GigicaViteazu has quit (Quit: Leaving)	[00:21]
ThickAsThieves	neat	[00:22]
KRS1	namworld i noticed that too not sure wha tto make of it though	[00:22]
*	Bitesaak (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[00:22]
Bitesaak	;;ticker	[00:22]
gribble	BTCUSD ticker \| Best bid: 78.50000, Best ask: 78.58238, Bid-ask spread: 0.08238, Last trade: 78.58238, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:23]
KRS1	could it just be a lot of volume today..i noticed on gox for instance the volume has been high today looking back at a 1 week chart	[00:23]
mircea_popescu	can't find it now. basically it was something about mtgox picking top order and doing select for matching orders in a loop << WHAT	[00:24]
KRS1	yesterday had some action..	[00:24]
KRS1	uh that doesnt sound good lol	[00:24]
KRS1	sounds like we'd have some rewinding to do	[00:25]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00064468 = 3.2234 BTC [-]	[00:25]
*	diana_coman has quit (Quit: Leaving)	[00:27]
taub	Guest14382> come on TANK	[00:27]
taub	you're late bro	[00:27]
taub	im going to bed, its just gonna crawl up to 92	[00:28]
KRS1	thats reassuring	[00:28]
taub	again :>	[00:28]
taub	dont hold me to it	[00:28]
KRS1	nite	[00:29]
assbot	[MPEX] [S.MPOE] 300 @ 0.00066676 = 0.2 BTC [+]	[00:29]
Bitesaak	;;lag	[00:32]
gribble	Error: "lag" is not a valid command.	[00:32]
Guest14382	ok maybe the puts were a bad idea	[00:33]
Cylta	use ,,goxlag	[00:33]
Guest14382	at least I only got 1000	[00:33]
Bitesaak	Thx	[00:33]
kakobrekla	;;ticker	[00:33]
gribble	BTCUSD ticker \| Best bid: 82.00000, Best ask: 84.62000, Bid-ask spread: 2.62000, Last trade: 84.62000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:33]
Bitesaak	,,use goxlag	[00:33]
ThickAsThieves	of course the puts were a bad idea	[00:33]
Bitesaak	,,goxlag	[00:33]
Bitesaak	;;goxlag	[00:34]
gribble	288.72481 seconds	[00:34]
ThickAsThieves	oh geez	[00:34]
Guest14382	there could be a second wave	[00:34]
Guest14382	10% chance	[00:34]
ThickAsThieves	indeed	[00:34]
Guest14382	of a second wave	[00:34]
Guest14382	maybe 40% chance	[00:34]
Guest14382	10% chance of puts being profitable	[00:34]
Namworld	I hope someone is happy with his 50 BTC of worthless PUTs =/	[00:34]
Namworld	I know it can hurt >.>	[00:35]
thestringpuller	;;bc,24hprc	[00:35]
gribble	Error: I tried to send you an empty message.	[00:35]
*	Lyspooner (~chatzilla@unaffiliated/mpkomara) has joined #bitcoin-assets	[00:35]
Cylta	where did you buy puts, people?	[00:35]
*	Guest14382 is now known as Bugpowdurr	[00:35]
*	Cylta has quit (Read error: Connection reset by peer)	[00:35]
Namworld	MPEx	[00:36]
XRPTrader2	time to buy	[00:36]
thestringpuller	time to sell	[00:36]
taub	time to laugh	[00:36]
*	Cylta (~Cylta@unaffiliated/cylta) has joined #bitcoin-assets	[00:36]
KRS1	time to cry	[00:37]
*	saulimus has quit (Read error: Connection reset by peer)	[00:37]
ThickAsThieves	time to laugh	[00:37]
*	saulimus (~someone@37-136-48-13.nat.bb.dnainternet.fi) has joined #bitcoin-assets	[00:37]
Lyspooner	tough month for the bot?	[00:38]
Lyspooner	the mpoe bot, that is	[00:38]
Namworld	time to kill	[00:38]
Cylta	what if mp can play agaist his options, to correct price of market to not to pay too much?..	[00:38]
damientrog	time to go to bed, seems to be recovering	[00:38]
*	Namworld turns in a monster and starts devouring Bitcoiners	[00:39]
Namworld	No more buyers, Nam wants cheaper coins!	[00:39]
Bitesaak	;;goxlag	[00:39]
gribble	163.980752 seconds	[00:39]
Namworld	Seriously... MtGox...	[00:39]
Namworld	Go hide your shame...	[00:39]
*	Anduck has quit (Ping timeout: 264 seconds)	[00:39]
*	Bugpowdurr has quit (Quit: Page closed)	[00:39]
Namworld	Your incompetence is naked	[00:40]
Bitesaak	;;ticker	[00:40]
gribble	BTCUSD ticker \| Best bid: 86.00000, Best ask: 88.72000, Bid-ask spread: 2.72000, Last trade: 88.72000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:40]
Namworld	I can see too much of it.	[00:40]
thestringpuller	;;goxlag	[00:40]
gribble	167.450794 seconds	[00:40]
*	Bowjob (4b9d1e75@gateway/web/freenode/ip.75.157.30.117) has joined #bitcoin-assets	[00:40]
Namworld	lol... check the last blocks	[00:40]
Bowjob	125add80f475024677b82ce00d26415c7195cb2be27e6522b161a3e64fac8081	[00:41]
Bowjob	How come I cant see this on the tx chain	[00:41]
Namworld	people rushing 10ks of BTC, probably to exchanges	[00:41]
Namworld	Bowjob: I'm having the same problem. I sent a transaction but I don't see it on blockchain.info	[00:41]
Bowjob	I feel slighlty liberated	[00:42]
Bowjob	I won.	[00:42]
Bowjob	lol	[00:42]
Bowjob	yeah	[00:42]
Bowjob	but wtf is this shit	[00:42]
assbot	[BTCTC] [ASICMINER-PT] 53 @ 0.75 = 39.75 BTC [+]	[00:42]
Bitesaak	;;ticker	[00:43]
gribble	BTCUSD ticker \| Best bid: 87.00000, Best ask: 89.50000, Bid-ask spread: 2.50000, Last trade: 89.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:43]
assbot	[BTCTC] [ASICMINER-PT] 50 @ 0.75 = 37.5 BTC [+]	[00:43]
Bowjob	;;goxlag	[00:44]
gribble	305.796827 seconds	[00:44]
Bowjob	oh god	[00:44]
Namworld	;;ticker	[00:44]
gribble	BTCUSD ticker \| Best bid: 87.50000, Best ask: 89.50000, Bid-ask spread: 2.00000, Last trade: 89.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:44]
assbot	[BTCTC] [ASICMINER-PT] 6 @ 0.75 = 4.5 BTC [+]	[00:44]
Namworld	89.5 best ask	[00:44]
Namworld	We're back up in a flash	[00:44]
thestringpuller	;;bc,24hprc	[00:45]
gribble	Error: I tried to send you an empty message.	[00:45]
Namworld	urgh	[00:45]
Bowjob	;;ticker	[00:45]
gribble	BTCUSD ticker \| Best bid: 88.00000, Best ask: 89.50000, Bid-ask spread: 1.50000, Last trade: 87.50000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:45]
Bowjob	not bad	[00:45]
Bitesaak	;;ticker	[00:46]
gribble	BTCUSD ticker \| Best bid: 87.00000, Best ask: 89.50000, Bid-ask spread: 2.50000, Last trade: 87.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:46]
Bitesaak	;;goxlag	[00:47]
gribble	408.410853 seconds	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 61 @ 0.75 = 45.75 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.799 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 15 @ 0.7995 = 11.9925 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 2 @ 0.7997 = 1.5994 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.7998 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.7999 = 2.3997 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 23 @ 0.8 = 18.4 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.8 BTC [+]	[00:47]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.8 BTC [+]	[00:47]
KRS1	good grief	[00:48]
thestringpuller	gonna be good month	[00:48]
thestringpuller	happy april to all the lucky winners	[00:48]
ThickAsThieves	winners of?	[00:49]
*	Anduck (~Anduck@a88-85-153-151.mpynet.fi) has joined #bitcoin-assets	[00:49]
*	Anduck has quit (Changing host)	[00:49]
*	Anduck (~Anduck@unaffiliated/anduck) has joined #bitcoin-assets	[00:49]
Bitesaak	;;ticker	[00:49]
gribble	BTCUSD ticker \| Best bid: 87.51100, Best ask: 89.00000, Bid-ask spread: 1.48900, Last trade: 89.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:49]
smickles	;;bc,24hprc	[00:50]
*	jborkl_ (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets	[00:50]
gribble	Error: I tried to send you an empty message.	[00:50]
thestringpuller	its down	[00:50]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.8185 BTC [+]	[00:50]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.81885 = 2.4566 BTC [+]	[00:50]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.818899 = 2.4567 BTC [+]	[00:50]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.81999 = 8.1999 BTC [+]	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.82897 = 8.2897 BTC [+]	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.8393 BTC [+]	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.83945 = 2.5184 BTC [+]	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 2 @ 0.84 = 1.68 BTC [+]	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 158 @ 0.84 = 132.72 BTC [+]	[00:51]
ThickAsThieves	well that AM bargain price was short-lived	[00:51]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [+]	[00:51]
ThickAsThieves	lowest ask is .87 on BF	[00:52]
ThickAsThieves	.84 on BCTC	[00:52]
smickles	$vwap ^	[00:53]
mpexbot	smickles: ^OIX 1 day: no data 7 day: average: 86.3571781 high: 86.36645422 low: 66.22384528 volume: 100848 btc: 19472.9877722 30 day: no data	[00:53]
Bitesaak	;;ticker	[00:54]
gribble	BTCUSD ticker \| Best bid: 87.50000, Best ask: 88.00000, Bid-ask spread: 0.50000, Last trade: 88.00000, 24 hour volume: 111005.53495385, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.94464	[00:54]
Lyspooner	bitcointalk forum new record set	[00:55]
Lyspooner	bitcointalk reddit new record set	[00:55]
jborkl_	for most retards in one place?	[00:55]
*	lololol (5fdea0ea@gateway/web/freenode/ip.95.222.160.234) has joined #bitcoin-assets	[00:56]
*	Cylta has quit (Ping timeout: 260 seconds)	[00:56]
mircea_popescu	Lyspooner what records are those ?	[00:57]
Lyspooner	apparently it's the most retards in one place	[00:57]
mircea_popescu	lol	[00:57]
Lyspooner	most online at one time	[00:58]
Lyspooner	the forum record hadn't been broken since 2011	[00:58]
assbot	[BTCTC] [ASICMINER-PT] 32 @ 0.84 = 26.88 BTC [+]	[00:58]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.85 = 8.5 BTC [+]	[00:58]
Lyspooner	the reddit one is being broken every day	[00:58]
mircea_popescu	this is bitcoin's endless september moment.	[00:58]
mircea_popescu	we will rue the day.	[00:58]
Lyspooner	it feels like more stupid people are hearing about bitcoin all the time	[00:59]
Bitesaak	Compassion is in order	[00:59]
Lyspooner	of course	[00:59]
Lyspooner	but right now i see lots of "how does it work?" "it goes up"	[01:00]
assbot	[MPEX] [O.BTCUSD.C750T] 1000 @ 0.15872391 = 158.7239 BTC [+]	[01:00]
Lyspooner	"now i understand it"	[01:00]
smickles	mircea_popescu: 'endless march' has a nice ring to it	[01:00]
mircea_popescu	perfect.	[01:00]
*	Guest87415 is now known as asciilifeform	[01:00]
mircea_popescu	quick, to the bitbillions!	[01:00]
assbot	[HAVELOCK] [HIM] 2 @ 1.88 = 3.76 BTC [+]	[01:01]
asciilifeform	mircea_popescu: ask mtgox nicely to give the secret price adjustment knob a quarter-turn up, and the idiots will go away again.	[01:01]
*	ZedsterX has quit (Read error: Connection reset by peer)	[01:01]
mircea_popescu	heh.	[01:02]
*	ZedsterX (~eatme@x1-6-84-1b-5e-1f-68-a2.k235.webspeed.dk) has joined #bitcoin-assets	[01:02]
*	beetlebee (4f727cbd@gateway/web/freenode/ip.79.114.124.189) has joined #bitcoin-assets	[01:02]
Namworld	Ah, I could finally pay out BTC-BOND and still have lots of BTC to trade.	[01:02]
Lyspooner	i'm jealous of all the people who can trust a new currency they never heard about without trying to understand a) how it kind of works and b) why it might be favorable to other currencies	[01:02]
Namworld	I'm needing BTC-BOND to have a large trading capital less and less.	[01:03]
jurov	endless chocolate: http://i.imgur.com/qjjlkGm.gif	[01:03]
asciilifeform	Lyspooner: are you also jealous of the people who happily send their life savings to Nigerian spammers? ignorance is bliss, and all that?	[01:03]
Lyspooner	well if they do it happily, that's great	[01:04]
asciilifeform	Lyspooner: "first ecstasy, then laundry."	[01:04]
Namworld	It's fake!	[01:04]
jurov	Namworld stop spoiling things!	[01:05]
*	Enky has quit (Quit: Leaving)	[01:05]
taub	Lyspooner> bitcointalk forum new record set	[01:06]
Namworld	lol at the expanding chocolate	[01:06]
taub	plot new users, topics and posts against price	[01:06]
taub	interesting results	[01:06]
taub	;)	[01:06]
Bitesaak	;;goxlag	[01:07]
gribble	0.21807 seconds	[01:07]
taub	it also peaked at $30	[01:07]
Lyspooner	taub, the last time bitcointalk set a new record, the bubble burst	[01:07]
taub	yep	[01:07]
Bitesaak	;;ticker	[01:07]
gribble	BTCUSD ticker \| Best bid: 86.10002, Best ask: 86.48900, Bid-ask spread: 0.38898, Last trade: 86.10002, 24 hour volume: 127589.30954445, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.39577	[01:07]
asciilifeform	who wants to be the first to set up a trading bot that counts irc/www BTC chumps and adjusts trading strategy accordingly?	[01:07]
jurov	counting memegenerator links is simpler	[01:08]
*	damientrog has quit (Quit: damientrog)	[01:08]
Bowjob	I can't find my tx on the block	[01:11]
Bowjob	WTF	[01:11]
*	Bitesaak has quit (Ping timeout: 245 seconds)	[01:11]
Namworld	Me neither	[01:12]
Namworld	It might just not have been relayed	[01:12]
Namworld	I got one that's there and another that's not showing up	[01:13]
Bowjob	nam. what happens to it then	[01:14]
Bowjob	is it gone?	[01:14]
asciilifeform	easy & fun explanation: mtgox is front-running trades.	[01:14]
Namworld	idk	[01:14]
Namworld	either it's not relayed yet	[01:14]
Namworld	or otherwise I don't know why	[01:15]
asciilifeform	They do What They Must, Because They Can (tm)	[01:15]
Bowjob	i sold some to topace	[01:15]
ThickAsThieves	;;goxlag	[01:16]
gribble	68.10059 seconds	[01:16]
ThickAsThieves	;;ticker	[01:16]
gribble	BTCUSD ticker \| Best bid: 85.79006, Best ask: 85.79668, Bid-ask spread: 0.00662, Last trade: 85.79668, 24 hour volume: 127719.97605760, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.39194	[01:16]
asciilifeform	bigger and better evil theory: a network of colluding BTC nodes is front-running trades.	[01:16]
mircea_popescu	asciilifeform dude. bitcoin people don't have the intellectual wherewithal to wipe their own nose.	[01:17]
assbot	[MPEX] [S.MPOE] 22400 @ 0.00064468 = 14.4408 BTC [-]	[01:17]
mircea_popescu	the devteam doesn't know which side is up sufficiently to test its own code.	[01:17]
mircea_popescu	the mtgox people are apparently running a select loop	[01:17]
mircea_popescu	miners have yet to figure out wtf hedging is and how it works, in spite of it being explaiend on trilema, diff futures being available etc.	[01:18]
mircea_popescu	but if cnat raed cnat raed.	[01:18]
asciilifeform	mircea_popescu: most Americans can't tie their shoes. Doesn't stop the remaining ones from, well, buggering the planet raw.	[01:18]
assbot	[BTCTC] [ASICMINER-PT] 20 @ 0.839995 = 16.7999 BTC [-]	[01:18]
mircea_popescu	and you want me to believe anyone actually thinks ? get out for srsly.	[01:18]
mircea_popescu	we're not that lucky.	[01:18]
asciilifeform	mircea_popescu: if you carry on with the assumption that you are the only thinking man in BTC, you will come to no good.	[01:18]
mircea_popescu	i wasn't counting myself either.	[01:19]
Bowjob	great. electum is down	[01:19]
mircea_popescu	if somebody is smart enough to implement evil colluding front trading,	[01:19]
mircea_popescu	they'd be making about 10x that by... i dunno... making an asic run.	[01:20]
mircea_popescu	one that's not run by retards who apparently can't get 20kw installed in one place or whatever the fuck.	[01:20]
mircea_popescu	seriously, there's so much free space for white hatness that you'd have to be quite insane to bother with darkhatness.	[01:20]
asciilifeform	mircea_popescu: ASICs are boring because they're a straight competition of fiat bank accounts (with the possible exception of the sneak-an-SHA256-engine-on-a-commercial-die idea)	[01:20]
mircea_popescu	right.	[01:20]
mircea_popescu	we have to come to a discussion of boring, because on the straight motivation factor this makes no sense.	[01:21]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.8778 BTC [+]	[01:21]
mircea_popescu	greed'd be better served by more useful applications atm.	[01:21]
assbot	[BTCTC] [ASICMINER-PT] 8 @ 0.8779 = 7.0232 BTC [+]	[01:21]
Namworld	those low calls have a breakeven point of like 2000 USD/BTC+	[01:21]
asciilifeform	mircea_popescu: blackhatness is fun, because you can not just make money, but phuck people	[01:21]
asciilifeform	mircea_popescu: esp. fun when you phuck the people who think they're unphuckable	[01:21]
mircea_popescu	who cares ?	[01:22]
asciilifeform	mircea_popescu: right now, nobody. after the fact, everybody.	[01:22]
mircea_popescu	i dunno.	[01:22]
mircea_popescu	so some idiot thinks he's the bee's knees and you show him better.	[01:23]
mircea_popescu	so ?	[01:23]
mircea_popescu	this is like people stumbling and landing on their face in public imagining "everyone saw". nope. nobody gave a shit.	[01:23]
jurov	all in all, watching another feeble and desperate attempt by humanity to reinvent itself.	[01:23]
asciilifeform	mircea_popescu: it is far more interesting when a clever fellow thinks he is all that, and you show him better.	[01:23]
mircea_popescu	why ?	[01:23]
*	AndChat-33024 (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets	[01:23]
mircea_popescu	i still don't see who'd care or why'd it matter. at all, like.	[01:23]
asciilifeform	mircea_popescu: BTC is your playground, too. presumably you like to win rather than lose.	[01:24]
mircea_popescu	i honestly don't care.	[01:24]
Bowjob	Do we have technically minded people here?	[01:25]
mircea_popescu	probably difficult to digest, but i don't. i'm strictly interested in thinking things through and implementing them correctly.	[01:25]
*	jborkl_ has quit (Ping timeout: 264 seconds)	[01:25]
asciilifeform	mircea_popescu: one day you'll cash out your 1 MegaBTC to buy Marscoins, to fly your harem to Mars and retire there...	[01:25]
*	Bitesaak (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[01:25]
mircea_popescu	asciilifeform why ?	[01:25]
Bitesaak	;;ticker	[01:25]
gribble	BTCUSD ticker \| Best bid: 88.20002, Best ask: 88.34000, Bid-ask spread: 0.13998, Last trade: 88.20002, 24 hour volume: 131782.34304095, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.35351	[01:25]
asciilifeform	mircea_popescu: when you push "return", 1 BTC is worth 1 Marscoin. But before the transaction goes through, 1 Marscoin will be worth 1000 BTC. Because front-runners...	[01:26]
mircea_popescu	why am i retiring.	[01:26]
asciilifeform	ok strike that. but imagine you were to actually spend a large parcel of your coin on something - anything.	[01:26]
mircea_popescu	kay	[01:27]
jurov	Bowjob, kinda.	[01:27]
asciilifeform	a clever fellow could observe the parcel changing hands before the price on the exchange moves	[01:27]
smickles	;;bc,24hprc	[01:27]
gribble	87.53	[01:27]
asciilifeform	and so forth	[01:27]
*	Chaang-Noi has quit (Ping timeout: 246 seconds)	[01:28]
*	AndChat-33024 has quit (Ping timeout: 260 seconds)	[01:28]
lololol	90	[01:28]
asciilifeform	(replace "exchange" with the ultimate destination of MP's 1 MegaBTC.)	[01:28]
mircea_popescu	why do i use an exchange ?	[01:28]
mircea_popescu	maybe i just otc.	[01:28]
jurov	asciilifeform: how? whales move in and out of 1Fx.... all the time	[01:29]
Bowjob	Namworld	[01:29]
Bowjob	I got the TX working	[01:29]
mircea_popescu	kinda cool that mpex's addy starts with 1Fx	[01:29]
KRS1	otc seems a better deal	[01:29]
asciilifeform	jurov: the whales move unmolested now, because nobody (AFAIK) is operating a massive "BTC telescope" for the purpose of front-running.	[01:29]
asciilifeform	if every time you carry out a transaction God transmitted it to every BTC user simultaneously, this scenario would not apply. But this isn't how the network works.	[01:30]
Namworld	my transaction just ain't confirming...	[01:30]
mircea_popescu	Namworld start adding a fee would you.	[01:31]
jurov	is there an api for # of unconfirmed txs anywhere?	[01:32]
*	Smoovious has quit (Ping timeout: 240 seconds)	[01:32]
Namworld	I had a fee...	[01:32]
jurov	ironically, im certain the bitcoind on my machine knows that.. but getting the number out of it...	[01:32]
Namworld	Feeless transactions confirm faste >.>	[01:32]
Namworld	faster*	[01:32]
mircea_popescu	lol srsly ?!	[01:32]
*	Smoovious (~imp586@75-12-89-18.lightspeed.wyngmi.sbcglobal.net) has joined #bitcoin-assets	[01:32]
mircea_popescu	jurov iirc blockchain had it	[01:32]
Namworld	0.0001 on a large move (120 BTC)	[01:33]
jurov	0.0001 is too small as i found out myself yest	[01:33]
Namworld	eh	[01:34]
Namworld	Will get confirmed eventually	[01:34]
Bowjob	anyone here using electrum	[01:34]
jurov	yea, in mere 12 hours or so	[01:34]
mircea_popescu	i'm using 0.001	[01:34]
*	Bitesaak has quit (Quit: Page closed)	[01:35]
Namworld	so like 9 cents	[01:35]
*	Chilca has quit (Remote host closed the connection)	[01:36]
Namworld	Well that's a lot cheaper than PayPal	[01:36]
jurov	The necessary fee on your tx is well predictable, if anyone minded to analyze the unconfirmed txs statistically	[01:37]
jurov	um... i hear someone asking about bachelor thesis?	[01:38]
mircea_popescu	who cares srsly ?	[01:38]
mircea_popescu	the day i save on a dime is the day i pack up the harem and retire on mars.	[01:39]
Namworld	I wonder what's up with ZIGGAP	[01:39]
smickles	jurov:	[01:39]
smickles	$unconfirmed	[01:39]
mpexbot	smickles: 1255	[01:39]
jurov	O.o	[01:40]
smickles	srs	[01:40]
smickles	$mail	[01:41]
smickles	er,,	[01:41]
smickles	$email	[01:41]
mpexbot	smickles: No new messages received.	[01:41]
smickles	not srs	[01:41]
*	Chaang-Noi (~j@180.183.191.210) has joined #bitcoin-assets	[01:41]
smickles	$unconfirmed	[01:41]
mpexbot	smickles: 1333	[01:41]
smickles	srs	[01:41]
Namworld	Yeah, my fees are based on what Armory suggests	[01:42]
jurov	$sandwich	[01:42]
Namworld	Sometimes it's 0.0001, sometimes it's 0.0005	[01:42]
jurov	so armory seems to account for that?	[01:43]
mircea_popescu	i just made it .001 and forgot about it	[01:43]
*	AdobeArtist (AdobeArtis@ip72-209-50-246.ri.ri.cox.net) has joined #bitcoin-assets	[01:43]
*	Bitessak (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[01:43]
*	AdobeArtist has quit (Max SendQ exceeded)	[01:43]
Namworld	I think it's mostly based on amount of inputs... but yeah, kind of	[01:44]
*	AdobeArtist (AdobeArtis@ip72-209-50-246.ri.ri.cox.net) has joined #bitcoin-assets	[01:44]
Bowjob	so its 29th	[01:44]
Bowjob	isnt it ian bakewell's moment of truth	[01:44]
*	AdobeArtist has quit (Client Quit)	[01:44]
Namworld	yeah...	[01:44]
Namworld	poor ian	[01:45]
Namworld	He shorted at what price?	[01:45]
Bowjob	34.5	[01:45]
mircea_popescu	35	[01:45]
mircea_popescu	lol	[01:45]
Namworld	Damn...	[01:45]
Namworld	So like 30k USD loss if he pays back	[01:46]
Bowjob	look at this buying power	[01:46]
Bowjob	amazing	[01:46]
*	AdobeArtist (AdobeArtis@ip72-209-50-246.ri.ri.cox.net) has joined #bitcoin-assets	[01:47]
*	AdobeArtist has quit (Read error: Connection reset by peer)	[01:47]
*	Bitessak has quit (Ping timeout: 245 seconds)	[01:48]
ThickAsThieves	;;ticker	[01:48]
gribble	BTCUSD ticker \| Best bid: 87.99999, Best ask: 88.00000, Bid-ask spread: 0.00001, Last trade: 88.00000, 24 hour volume: 136246.06886715, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.41623	[01:48]
ThickAsThieves	;;asks 92	[01:48]
gribble	There are currently 2084.7938 bitcoins offered at or under 92.0 USD, worth 188350.163298 USD in total. \| Data vintage: 0.0017 seconds	[01:48]
ThickAsThieves	;;asks 95	[01:48]
gribble	There are currently 8026.3054 bitcoins offered at or under 95.0 USD, worth 746419.333104 USD in total. \| Data vintage: 7.7048 seconds	[01:48]
*	Bitdragon (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[01:49]
mircea_popescu	http://www.usnews.com/news/articles/2013/03/26/minor-league-baseball-team-to-debut-urinal-video-games	[01:50]
Bitdragon	;;goxlag	[01:50]
gribble	0.328974 seconds	[01:50]
Bitdragon	;;ticker	[01:50]
gribble	BTCUSD ticker \| Best bid: 87.50002, Best ask: 87.78000, Bid-ask spread: 0.27998, Last trade: 87.50001, 24 hour volume: 138377.72130273, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.42466	[01:50]
Lyspooner	;;asks 200	[01:51]
gribble	There are currently 45195.463 bitcoins offered at or under 200.0 USD, worth 5025968.47558 USD in total. \| Data vintage: 0.0038 seconds	[01:51]
Bitdragon	You're funny mp;	[01:51]
assbot	[MPEX] [S.MPOE] 14455 @ 0.0006357 = 9.189 BTC [-]	[01:53]
benkay	quite the crash this afternoon, eh gentlemen?	[01:53]
*	LainZ (~LainZ@nan92-8-88-178-252-103.fbx.proxad.net) has joined #bitcoin-assets	[01:53]
benkay		[01:53]
benkay	retrace to seventy five and then flat back one day? two?	[01:54]
benkay	i should start keeping fiat on gox for these events	[01:54]
assbot	[MPEX] [O.BTCUSD.C750T] 308 @ 0.15862914 = 48.8578 BTC [-]	[01:54]
*	Lyspooner has quit (Remote host closed the connection)	[01:55]
assbot	[HAVELOCK] [SDICE] 1 @ 0.38 BTC [-]	[01:59]
assbot	[HAVELOCK] [SDICE] 3 @ 0.37000001 = 1.11 BTC [-]	[01:59]
assbot	[HAVELOCK] [SDICE] 4 @ 0.37 = 1.48 BTC [-]	[01:59]
assbot	[HAVELOCK] [SDICE] 2 @ 0.35500001 = 0.71 BTC [-]	[01:59]
smickles	$unconfirmed	[02:03]
mpexbot	smickles: 1164	[02:03]
*	DeaDTerra has quit ()	[02:06]
*	Bitdragon has quit (Ping timeout: 245 seconds)	[02:06]
*	MJR_III (mjr_@cpe-68-174-114-54.nyc.res.rr.com) has joined #bitcoin-assets	[02:07]
MJR_III	sup everyone	[02:07]
MJR_III	fun ride huh?	[02:07]
MJR_III	fucking gox	[02:07]
smickles	heh, bitcoin is good for that every once in a while, gox just makes it worse	[02:10]
benkay	we might have a stable currency except for gox	[02:10]
kakobrekla	when gox is down bitcoin is stable	[02:10]
kakobrekla	didnt ya know	[02:10]
KRS1	heh yea fun	[02:12]
*	Bitdragon (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[02:15]
*	Bitdragon has quit (Client Quit)	[02:15]
*	brokemint (~chucklebo@173-160-184-33-Washington.hfc.comcastbusiness.net) has joined #bitcoin-assets	[02:15]
*	brokemint is now known as shakeIt	[02:16]
MJR_III	so silly	[02:16]
MJR_III	what was the low?	[02:16]
MJR_III	77?	[02:16]
MJR_III	also...i don't think that the charts are keeping up	[02:17]
*	Bitdragon (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[02:17]
Bitdragon	;;ticker	[02:18]
gribble	BTCUSD ticker \| Best bid: 84.63439, Best ask: 84.80000, Bid-ask spread: 0.16561, Last trade: 84.80000, 24 hour volume: 144582.26393633, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.34194	[02:18]
*	saulimus has quit (Quit: saulimus)	[02:22]
Bitdragon	;;ticker	[02:22]
gribble	BTCUSD ticker \| Best bid: 85.20000, Best ask: 85.39000, Bid-ask spread: 0.19000, Last trade: 84.99989, 24 hour volume: 146197.46407703, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.31167	[02:22]
Bitdragon	;;ask 100	[02:23]
gribble	Error: "ask" is not a valid command.	[02:23]
*	tiberiusiv (~tiberiusi@gateway/tor-sasl/tiberiusiv) has joined #bitcoin-assets	[02:26]
*	TradeFortress (~TradeFort@c58-111-143-105.thorn2.nsw.optusnet.com.au) has joined #bitcoin-assets	[02:27]
*	Bitdragon has quit (Ping timeout: 245 seconds)	[02:29]
*	benkay has quit (Quit: benkay)	[02:32]
*	gabbynot has quit (Quit: gabbynot)	[02:32]
KRS1	;;asks 100	[02:32]
gribble	There are currently 27577.248 bitcoins offered at or under 100.0 USD, worth 2628721.38478 USD in total. \| Data vintage: 0.0246 seconds	[02:32]
*	benkay (~benkay@67.50.19.230) has joined #bitcoin-assets	[02:33]
*	benkay has quit (Client Quit)	[02:33]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[02:36]
*	Anduck has quit (Ping timeout: 248 seconds)	[02:40]
*	Bugpowder has quit (Remote host closed the connection)	[02:47]
*	smickles just noticed that the last trade amount and price is in the title of mpex.co asset pages	[02:48]
assbot	[BTCTC] [S.DICE-PT] 15 @ 0.00485 = 0.0728 BTC [-]	[02:49]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.87 BTC [-]	[02:49]
Ukto	mpex has pages? :P nudges Mircea	[02:49]
Ukto	btw smickles: BF has topped 2,300 BTC 24hr vol :)	[02:50]
assbot	[BTCTC] [ASICMINER-PT] 20 @ 0.877895 = 17.5579 BTC [+]	[02:50]
thestringpuller	!ticker m s.mpoe	[02:51]
assbot	[MPEX:S.MPOE] 1D: 0.0006 / 0.00062205 / 0.00066676 (168732 shares, 104.96 BTC), 7D: 0.0006 / 0.00066192 / 0.00072101 (1713863 shares, 1,134.45 BTC), 30D: 0.0006 / 0.00073488 / 0.00078628 (16836028 shares, 12,372.51 BTC)	[02:51]
kakobrekla	good	[02:51]
kakobrekla	stamp is lame too	[02:52]
Diablo-D3	;;ticker	[02:52]
gribble	BTCUSD ticker \| Best bid: 86.50000, Best ask: 86.87137, Bid-ask spread: 0.37137, Last trade: 86.87137, 24 hour volume: 153284.13060894, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.23528	[02:52]
kakobrekla	dunno	[02:53]
kakobrekla	many reasons, dont have the time to get into that again	[02:53]
*	Bitdragon (bc9a87ba@gateway/web/freenode/ip.188.154.135.186) has joined #bitcoin-assets	[02:53]
Bitdragon	List of commands:	[02:54]
*	benkay (~benkay@c-71-193-200-93.hsd1.or.comcast.net) has joined #bitcoin-assets	[02:54]
kakobrekla	in short, they are slow, the steal via fees since ever, tiny amouts but still and is run by kids with css skills, also trading interface is fcuked, you need 3 or 4 tabs - have fun	[02:55]
assbot	[MPEX] [S.MPOE] 4700 @ 0.00066676 = 3.1338 BTC [+]	[02:55]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00067292 = 3.3646 BTC [+]	[02:55]
assbot	[MPEX] [S.MPOE] 1250 @ 0.00067438 = 0.843 BTC [+]	[02:55]
Bitdragon	Who are you are talking about?	[02:57]
Bitdragon	;;buy 100	[02:58]
gribble	(buy [--long] [at\|@] []) -- Logs a buy order for units of , at a price of per unit, in units of . Use the optional field to put in any special notes. may include an arithmetical expression, and {mtgox(ask\|bid\|last)} to index price to mtgox ask, bid, or last price. May also include (1 more message)	[02:58]
benkay	;;24hprc	[03:00]
gribble	Error: "24hprc" is not a valid command.	[03:00]
*	Ixitachi_ has quit (Remote host closed the connection)	[03:00]
benkay	;;24h,prc	[03:00]
gribble	Error: "24h,prc" is not a valid command.	[03:00]
benkay	;;24hrpc	[03:00]
gribble	Error: "24hrpc" is not a valid command.	[03:00]
benkay	OMG	[03:00]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.84 BTC [-]	[03:00]
*	Ixitachil (~gandalf@95.61.172.46) has joined #bitcoin-assets	[03:01]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.87968 = 8.7968 BTC [+]	[03:02]
Bitdragon	;;	[03:05]
Bitdragon	;;ticker	[03:05]
gribble	BTCUSD ticker \| Best bid: 87.73000, Best ask: 87.75000, Bid-ask spread: 0.02000, Last trade: 87.73000, 24 hour volume: 155699.24992401, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.21684	[03:05]
*	Ixitachil has quit (Ping timeout: 255 seconds)	[03:05]
*	lololol has quit (Ping timeout: 245 seconds)	[03:08]
Bitdragon	;;help	[03:09]
gribble	The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation: http://gribble.sourceforge.net/	[03:09]
Bitdragon	!facts	[03:10]
Bitdragon	;;asks 100	[03:12]
gribble	There are currently 24555.229 bitcoins offered at or under 100.0 USD, worth 2358207.51086 USD in total. \| Data vintage: 0.0027 seconds	[03:12]
Bitdragon	;;asks 99.9	[03:13]
gribble	There are currently 21738.811 bitcoins offered at or under 99.9 USD, worth 2076585.24429 USD in total. \| Data vintage: 35.6864 seconds	[03:13]
Bitdragon	;;ticker	[03:14]
gribble	BTCUSD ticker \| Best bid: 90.00000, Best ask: 90.04900, Bid-ask spread: 0.04900, Last trade: 90.00000, 24 hour volume: 155899.94157540, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.21739	[03:14]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[03:15]
*	Bitdragon has quit (Ping timeout: 245 seconds)	[03:21]
*	Bugpowder has quit (Remote host closed the connection)	[03:25]
MJR_III	well...say goodbye to another bunch of weak hands i guess	[03:26]
benkay	;;goxlag	[03:28]
gribble	18.994122 seconds	[03:28]
*	Bugpowder (47ab6a02@gateway/web/freenode/ip.71.171.106.2) has joined #bitcoin-assets	[03:32]
smickles	gratz Ukto :)	[03:33]
*	benkay has quit (Quit: benkay)	[03:34]
*	XRPTrader2 has quit (Quit: XRPTrader2)	[03:35]
copumpkin	the growth wouldn't be as extreme	[03:41]
copumpkin	and it's not as if it's "disabled"	[03:41]
copumpkin	it's just that it isn't very prevalent	[03:42]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.87 BTC [-]	[03:42]
MJR_III	yes...you can short right now	[03:44]
MJR_III	it is relatively easy	[03:44]
MJR_III	fucking bullshit though...minutes of lag	[03:45]
MJR_III	why don't we just mail our orders to gox	[03:45]
*	cads (~m@c-76-17-110-13.hsd1.ga.comcast.net) has joined #bitcoin-assets	[03:46]
MJR_III	also...bitfloor has not had these issues...they didn't have a huge dropoff and they have maintained the price...mt gox injects a ton of uncertainty into the market with their horrible matching engine	[03:47]
MJR_III	go to bitfinex	[03:47]
MJR_III	all you need is to borrow bitcoins	[03:47]
MJR_III	and then you sell them	[03:47]
copumpkin	you short by finding someone to lend you coins	[03:47]
MJR_III	um...since they connect to gox	[03:47]
copumpkin	it's not like shares that are much harder to borrow	[03:47]
MJR_III	bitfinex connects to gox	[03:47]
MJR_III	well...you have access to the liquidity	[03:48]
assbot	[MPEX] [S.MPOE] 15909 @ 0.00066793 = 10.6261 BTC [-]	[03:48]
assbot	[MPEX] [S.MPOE] 1344 @ 0.00067438 = 0.9064 BTC [+]	[03:48]
MJR_III	APY	[03:48]
MJR_III	12% annually	[03:48]
MJR_III	were you going to short for a year?	[03:48]
assbot	[BTCTC] [ASICMINER-PT] 4 @ 0.84 = 3.36 BTC [-]	[03:48]
MJR_III	hint: if you are shorting, you expect price to go down	[03:48]
MJR_III	yeah...you are totally right tiberiusiv i can't make money selling at 97 and covering at 80	[03:49]
MJR_III	how do you figure?	[03:49]
MJR_III	12% is 12%	[03:49]
MJR_III	oh...but if THEY RISE IN VALUE YOU ARE A dumbass to short	[03:49]
MJR_III	get it?	[03:49]
MJR_III	if I think they go up i get long	[03:49]
MJR_III	if i think they go down, i short	[03:50]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[03:50]
MJR_III	meaning you are paying LOWER rates of interest if you are right	[03:50]
MJR_III	and i just showed it to you	[03:50]
MJR_III	no	[03:50]
MJR_III	how do you figure?	[03:50]
MJR_III	let me walk you through the scenario	[03:50]
MJR_III	;;calc 12/365	[03:50]
gribble	0.0328767123288	[03:50]
copumpkin	tiberiusiv: it's not currently deflationary	[03:50]
MJR_III	.03%	[03:51]
copumpkin	in the long run it is	[03:51]
MJR_III	so i borrow 100 btc	[03:51]
copumpkin	lol	[03:51]
MJR_III	i sell at 92	[03:51]
copumpkin	omg stocks are deflationary right now	[03:51]
MJR_III	i now have 9200	[03:51]
MJR_III	i owe 100 bitcoins	[03:51]
MJR_III	it drops to 80	[03:51]
*	copumpkin sighs	[03:51]
MJR_III	i cover	[03:51]
MJR_III	i made 1200	[03:52]
MJR_III	let's examine that	[03:52]
MJR_III	100 btc	[03:52]
MJR_III	for one day	[03:52]
MJR_III	costs	[03:52]
MJR_III	;;calc 100 * .0003	[03:52]
gribble	0.03	[03:52]
MJR_III	ah ok	[03:52]
MJR_III	it would cost me .03 bitcoins	[03:52]
MJR_III	which at 80	[03:52]
MJR_III	would be...	[03:53]
MJR_III	;;calc 80 *.03	[03:53]
gribble	2.4	[03:53]
MJR_III	omg	[03:53]
MJR_III	$2	[03:53]
Bugpowder	looks like S.MPOE bounced	[03:53]
MJR_III	i had to spend $2 in order to short	[03:53]
*	Bugpowder has quit (Quit: Page closed)	[03:53]
MJR_III	how could i ever make that back	[03:53]
MJR_III	IF IT GOES UP YOU IDIOT	[03:53]
copumpkin	lol	[03:53]
copumpkin	this is an awesome conversation to watch	[03:53]
MJR_III	like i said	[03:53]
MJR_III	you have to pay 2 dollars in interest	[03:54]
MJR_III	you made 1200 in my scenario	[03:54]
MJR_III	seems reasonable	[03:54]
MJR_III	i don't think you understand how apy works	[03:54]
MJR_III	you are paying a tiny tiny rate of interest	[03:54]
MJR_III	ugh	[03:54]
MJR_III	and...	[03:54]
MJR_III	so	[03:54]
MJR_III	if i expect it to stay where it is	[03:54]
MJR_III	i probably wouldn't short	[03:54]
MJR_III	duh	[03:54]
*	Chilca has quit (Remote host closed the connection)	[03:55]
MJR_III	i don't think you understand how speculation works	[03:55]
copumpkin	MJR_III: it takes a speculum, right?	[03:55]
MJR_III	copumpkin: hehehe	[03:55]
MJR_III	another epic troll by tiberiusiv	[03:55]
MJR_III	how is that	[03:55]
MJR_III	i managed to pay it	[03:55]
MJR_III	seemed possible	[03:55]
MJR_III	i shorted, made money	[03:55]
MJR_III	then went long and rode it back up	[03:56]
MJR_III	you can't pay that back	[03:56]
copumpkin	tiberiusiv: how do you expect to short then, when risk for the lender is so high? should lending not exist at all?	[03:56]
*	tbtonys has quit ()	[03:56]
MJR_III	first off	[03:56]
MJR_III	there aren't 21 million bitcoins yet	[03:56]
copumpkin	tiberiusiv: that's an argument against any interest rate you pick	[03:56]
copumpkin	0.01%	[03:56]
MJR_III	so you are trying to borrow an impossible amount of money	[03:56]
copumpkin	IMPOSSIBLE TO SERVICE	[03:56]
MJR_III	lets say i want to borrow 100 quintillion dollars	[03:57]
MJR_III	how would i service that debt?	[03:57]
copumpkin	in other news, if you borrow all the money in the world, things might go strangely	[03:57]
copumpkin	news at 11	[03:57]
MJR_III	hehehe	[03:57]
MJR_III	tiberiusiv: but only for principal	[03:57]
MJR_III	no money is created for interest	[03:57]
MJR_III	P != P+I	[03:57]
MJR_III	this is fractional reserve lending 101	[03:58]
MJR_III	you cannot always obtain dollars	[03:58]
MJR_III	there is RIGHT NOW	[03:58]
MJR_III	a limited number of dollars	[03:58]
MJR_III	AND	[03:58]
MJR_III	it is lower than the total amount owed	[03:58]
copumpkin	tiberiusiv: where did you learn about this stuff, out of curiosity?	[03:58]
MJR_III	ok	[03:58]
MJR_III	copumpkin: where did he NOT learn about this?	[03:59]
MJR_III	ok...but a lot of people don't seem to want to lend their bitcoins	[03:59]
MJR_III	AND THE RATE FLOATS	[03:59]
MJR_III	that is the markets desire for interest on btc	[03:59]
MJR_III	it does	[03:59]
MJR_III	wrong	[04:00]
MJR_III	its not even 12	[04:00]
MJR_III	its currently at...9.5	[04:00]
copumpkin	tiberiusiv: you'd be surprised :)	[04:00]
MJR_III	go to the "lending" page	[04:00]
copumpkin	lending rates historically have been way higher in bitcoin	[04:00]
MJR_III	look at BTC Lending offers	[04:00]
copumpkin	tiberiusiv: and how do you propose that happen, as I asked before?	[04:00]
copumpkin	there's still large risk for the lender	[04:01]
MJR_III	if you look at the site we are talking about...you will see that bitcoin lending and dollar lending is a market like any other	[04:01]
MJR_III	the current VARIABLE rate is 9.5%	[04:01]
MJR_III	ok...you said it is 12 and has always been 12	[04:01]
MJR_III	ok...i want to short all the aapl shares in the world	[04:01]
MJR_III	there is a concept of hard to borrow	[04:02]
MJR_III	i need to "locate" the shares before i can sell short	[04:02]
MJR_III	i don't think you understand how the free market works	[04:02]
copumpkin	lol	[04:02]
MJR_III	you can lend coins for as much as you can get	[04:02]
MJR_III	right now...thats 9.5%	[04:02]
copumpkin	I HAVE DECREED	[04:02]
copumpkin	THEREFORE IT IS SO	[04:02]
MJR_III	no one has defaulted on bitfinex	[04:03]
copumpkin	I HAVE AN EXPLANATION FOR WHY, SO THAT IS THE EXPLANATION	[04:03]
MJR_III	you CAN'T	[04:03]
MJR_III	do you understand what a margin call is?	[04:03]
MJR_III	first, you can see it yourself	[04:03]
MJR_III	2500 btc i would say	[04:03]
MJR_III	5 to 1 margin	[04:03]
MJR_III	well...no one is taking whats out there	[04:03]
MJR_III	so it seems to be more than enough	[04:04]
MJR_III	ok...	[04:04]
MJR_III	your point being	[04:04]
copumpkin	...	[04:04]
MJR_III	well...that is probably because you'd have to be stupid to short	[04:04]
copumpkin	you can still approach me and say "hey copumpkin, can I borrow some coins?"	[04:04]
*	copumpkin shrugs	[04:04]
MJR_III	you know his holdings?	[04:05]
MJR_III	pray tell how did you obtain this info?	[04:05]
copumpkin	lol	[04:05]
MJR_III	and you know this how?	[04:05]
*	benkay (~benkay@48.sub-97-51-126.myvzw.com) has joined #bitcoin-assets	[04:05]
MJR_III	put your money where your mouth is	[04:05]
MJR_III	and go to bitfinex and take out the short	[04:05]
MJR_III	you can short 2500 RIGHT NOW	[04:05]
MJR_III	if you put up 500 or so coins	[04:06]
MJR_III	because you'll make money	[04:06]
MJR_III	because it'll go down	[04:06]
MJR_III	you can lock in fixed rates	[04:06]
MJR_III	oh my gosh	[04:06]
MJR_III	have you ever even seen bitfinex's site	[04:06]
MJR_III	i can lock in 10%	[04:06]
MJR_III	but you aren't paying in dollars	[04:07]
MJR_III	you are paying in bitcoins	[04:07]
MJR_III	no you don't	[04:07]
MJR_III	you have to OWN bitcoins	[04:07]
MJR_III	ok, enough	[04:07]
MJR_III	if the price doubles the INTEREST is the last of your worries	[04:07]
MJR_III	you will get stopped out if it goes up by 20%	[04:07]
copumpkin	have you heard of daily settlement?	[04:07]
copumpkin	I wonder if they do that	[04:07]
MJR_III	copumpkin: i'm just gonna mute...its obvious he has no idea what he's talking about	[04:08]
MJR_III	ah...peace and quiet	[04:08]
copumpkin	we have a baller here	[04:08]
copumpkin	lol	[04:08]
copumpkin	you can tell yourself that to make yourself feel better about not having any real arguments	[04:08]
MJR_III	copumpkin: he has been at this game for a week now	[04:09]
MJR_III	just trollling bitcoin-assets	[04:09]
MJR_III	i ignored him on my phone's irc client	[04:09]
MJR_III	but forgot to do it on MiRc	[04:09]
copumpkin	I conveniently own a slice of MPOE!	[04:09]
copumpkin	yay!	[04:09]
*	copumpkin hugs mircea_popescu	[04:09]
MJR_III	so i got sucked into yet another stupid conversation with an idiot	[04:09]
copumpkin	tiberiusiv?	[04:09]
MJR_III	yes	[04:09]
copumpkin	1000 times earnings?	[04:09]
copumpkin	I was one of the first investors	[04:10]
copumpkin	I paid nothing for it	[04:10]
copumpkin	or close to it	[04:10]
copumpkin	no	[04:10]
bgupta	MJR_III not to interupt this retardedness, but what are the requirements to borrow at 12%? IE: How do they know you won't abscond with the coins?	[04:10]
MJR_III	copumpkin: are you involved with iphone jailbreaking?	[04:10]
copumpkin	I bought them	[04:10]
copumpkin	MJR_III: yep	[04:10]
copumpkin	well, I was	[04:10]
MJR_III	bgupta: you cannot default	[04:10]
MJR_III	they hold your account	[04:10]
MJR_III	you cannot withdraw from it	[04:10]
copumpkin	tiberiusiv: I can't remember now, it was ages ago	[04:10]
MJR_III	you can only trade with it	[04:10]
MJR_III	if you lose what you have in the bank	[04:11]
copumpkin	I think I got a little over 100k shares for 5 or 10 btc?	[04:11]
bgupta	Ah so you have to use it to short in their trading system.. you can't borrow it for other reasons.	[04:11]
MJR_III	they liquidate your position	[04:11]
MJR_III	yes	[04:11]
bgupta	makes sense	[04:11]
bgupta	got it	[04:11]
MJR_III	similar to most prop trading firms	[04:11]
MJR_III	its a nice system	[04:11]
smickles	tiberiusiv: you could get upwards of 10kbtc margin on mpex, iirc. but that's a scam. amirite :D	[04:11]
copumpkin	tiberiusiv: it's logged on MP's blog somewhere, if you look far enough back	[04:11]
bgupta	I don't trade currencies so not for me.	[04:11]
MJR_III	yeah	[04:11]
copumpkin	tiberiusiv: you know that someone who disagrees with you isn't automatically poor or stupid	[04:11]
MJR_III	copumpkin: he doesn't know that	[04:11]
copumpkin	people can just disagree without it devolving into elementary school playground	[04:12]
copumpkin	you've said I'm poor because I disagree with you	[04:12]
copumpkin	it's kind of amusing	[04:12]
copumpkin	you can maintain that	[04:12]
bgupta	tiber is now on my ignore list.	[04:12]
copumpkin	I can disagree	[04:12]
MJR_III	the main problem with tiberiusiv is that he doesn't just shut up and short bitcoins, if he is so bearish...then put your money where your mouth is and go short	[04:12]
MJR_III	i hope everyone ignores him eventually	[04:12]
bgupta	I mean literally I can't see what he is typing.	[04:13]
MJR_III	mostly just because i have no interest in listening to his idiocy, but i still have to see the other half of the convo	[04:13]
MJR_III	bgupta: me neither	[04:13]
copumpkin	the most annoying thing about /ignore is that people keep talking about how they can't see what someone is typing :P	[04:13]
bgupta	sorry	[04:13]
MJR_III	i like ignoring	[04:13]
MJR_III	but it makes for strange half convos	[04:13]
copumpkin	MJR_III: he's ignored you. Your messages don't get through to him (if you haven't used IRC much before)	[04:13]
MJR_III	where you are like "huh? what are you guys talking about"	[04:13]
copumpkin	I mean tiberiusiv	[04:13]
MJR_III	copumpkin: where you telling tiberiusiv?	[04:14]
MJR_III	were*	[04:14]
smickles	bitfinx is pretty new, that may have to do with their size	[04:14]
MJR_III	yeah not huge...but they pass through to gox	[04:14]
copumpkin	tiberiusiv: I haven't really seen particular evidence of that, and he's not extrapolating unnecessarily, which are doing	[04:14]
copumpkin	which *you are doing	[04:15]
bgupta	gonna check it out is it only btc/fiat plays or do they have other stuff there?	[04:15]
MJR_III	only btc/usd	[04:15]
MJR_III	i believe	[04:15]
copumpkin	tiberiusiv: of him being a child or particularly stupid	[04:15]
MJR_III	i prefer to get margin to go long	[04:15]
copumpkin	tiberiusiv: do you accept that there might be explanations other than high interest rates for that?	[04:15]
bgupta	MJR_III: URL?	[04:15]
MJR_III	high interest, but if you use it for daytrading its manageable	[04:15]
MJR_III	bitfinex.com	[04:15]
copumpkin	tiberiusiv: or when the borrower is a thief? :)	[04:16]
copumpkin	or is that inconceivable	[04:16]
MJR_III	you basically have a btc wallet and a dollars wallet	[04:16]
copumpkin	no, I don't	[04:16]
MJR_III	i mean on bitfinex	[04:16]
copumpkin	tiberiusiv: so everyone's good and the evil lenders force them to steal the money?	[04:16]
copumpkin	by imposing rates that are too high	[04:16]
MJR_III	if you want to buy and sell bitcoins (withdraw etc) you can use the exchange portion...if you want to trade on margin, there is that portion	[04:16]
MJR_III	and if you would rather just lend out dollars or bitcoins...you can do that too	[04:17]
copumpkin	do I sense a religious undertone to that judgment?	[04:17]
*	XRPTrader2 (~XRPTrader@c-67-180-198-218.hsd1.ca.comcast.net) has joined #bitcoin-assets	[04:17]
smickles	hmmm, i don't think any of the loans i've made > 100btc in value have defaulted	[04:17]
copumpkin	opinions are like assholes, they say	[04:17]
MJR_III	copumpkin: you are making me think of unignoring him...but i have to be like ulysses and ignore the siren song of trolling	[04:17]
copumpkin	MJR_III :)	[04:18]
bgupta	what exchage do the trades get settled?	[04:18]
copumpkin	tiberiusiv: you seem intent on preaching a lot and listening very little	[04:18]
bgupta	Guessing MtGox? needs to kinda be mtgox to impact the market no?	[04:18]
MJR_III	bgupta: you can basically go to gox or bfx	[04:18]
copumpkin	tiberiusiv: I'll let you do that without unnecessary distractions of people trying to talk to you	[04:18]
MJR_III	yes	[04:18]
MJR_III	but, you can also go to bitfinex's own book	[04:18]
MJR_III	which is a lot cheaper from a fee perspective	[04:18]
smickles	bgupta: actually, this recent fun was started by a 700 btc sale on btce	[04:18]
MJR_III	.1% vs .4% i believe	[04:18]
smickles	took 5 min or so for the traders on gox to even start to react	[04:19]
benkay	checkit	[04:19]
copumpkin	tiberiusiv: I know the default rates are high	[04:19]
benkay	;;tslb	[04:19]
gribble	Time since last block: 17 minutes and 0 seconds	[04:19]
bgupta	sure… if you are a an oracle and know which way things will go and aren't trying to influence the market with your trades.	[04:19]
smickles	$unconfirmed	[04:19]
mpexbot	smickles: 1539	[04:19]
MJR_III	well	[04:19]
copumpkin	tiberiusiv: I suggest that you approach things a bit more open-mindedly in future though, and don't just write off anyone who disagrees with you as poor, young, stupid, or otherwise unworthy of talking	[04:19]
MJR_III	you can watch other markets to see where general sentiment is going	[04:20]
copumpkin	who the fuck cares	[04:20]
MJR_III	if you could move money instantly, you could arb bitfloor and btc-e all day	[04:20]
MJR_III	the good part of selling on bitfloor is that you can get a liquidity rebate	[04:20]
copumpkin	MJR_III: if you could move money instantly, there would be very little to arb in the first place	[04:20]
MJR_III	copumpkin: i meant if you singular could do that...not you as in everyone	[04:21]
copumpkin	tiberiusiv: credit regulations might apply?	[04:21]
MJR_III	for example if you had a relationship between those two exchanges...all arb would go away as they both equalize	[04:21]
copumpkin	I haven't looked into the regulations surrounding issuing credit for short selling	[04:21]
copumpkin	yes, but do you know that they havne't had to deal with that shit?	[04:22]
copumpkin	perhaps they don't	[04:22]
copumpkin	I really don't know	[04:22]
copumpkin	never been a broker :)	[04:22]
MJR_III	copumpkin: has he gotten onto the regulatory dead horse now?	[04:22]
copumpkin	nah, that's me :)	[04:22]
benkay	;;tslb	[04:22]
smickles	oooh, icbit	[04:22]
*	copumpkin waves at smickles	[04:22]
gribble	Time since last block: 1 minute and 59 seconds	[04:22]
MJR_III	copumpkin: you didn't answer though, are you the iphone jailbreaker?	[04:22]
smickles	o/	[04:22]
copumpkin	MJR_III: I used to be, yep	[04:22]
MJR_III	wow i am honored	[04:22]
MJR_III	i wish cydia would take btc	[04:22]
copumpkin	tiberiusiv: how do you know they don't realize this?	[04:23]
copumpkin	MJR_III: hah, me too!	[04:23]
MJR_III	has anyone asked saurik?	[04:23]
copumpkin	I poked him at some point	[04:23]
copumpkin	maybe he'll be more amenable to it now	[04:23]
MJR_III	hope so	[04:23]
MJR_III	it would be nice	[04:23]
MJR_III	you made my day though	[04:23]
MJR_III	i thought it was you	[04:23]
copumpkin	hah	[04:23]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[04:23]
smickles	tiberiusiv: what do you think of the futures offerd by icbit?	[04:23]
copumpkin	I'm not particularly famous :P	[04:23]
MJR_III	but wasn't sure, but i've been a big fan of your work for a long time	[04:23]
copumpkin	thanks :)	[04:24]
MJR_III	well the whole devteam really	[04:24]
Chaang-Noi	since sell off to 75, what was that a 50,000 coin market order?	[04:24]
copumpkin	haven't done anything related to it in years though, really	[04:24]
MJR_III	but i definitely recognize that handle	[04:24]
copumpkin	I think last real iphone work I did was 2009/10?	[04:24]
MJR_III	i jailbroke the first iphone on 1.0x	[04:24]
Chaang-Noi	;;asks 95	[04:24]
gribble	There are currently 9039.4257 bitcoins offered at or under 95.0 USD, worth 849457.810281 USD in total. \| Data vintage: 236.5691 seconds	[04:24]
MJR_III	never did any dev stuff there	[04:24]
copumpkin	omg it's a Chaang-Noi	[04:24]
MJR_III	but we still had to worry about "bricking" and manually creating symlinks	[04:25]
copumpkin	Chaang-Noi: tell tiberiusiv how much money we lost!	[04:25]
smickles	Chaang-Noi: the ice melted around your champagne, didn't it?	[04:25]
copumpkin	tiberiusiv: see, Chaang-Noi is a goat, and he's epic baller	[04:25]
copumpkin	ultra baller goat	[04:26]
copumpkin	the kind that climbs trees	[04:26]
MJR_III	lol	[04:26]
copumpkin	http://2.bp.blogspot.com/-ISrndp6k1ig/UB-bPE1QSVI/AAAAAAAAAFU/gOxPPXa-Fac/s1600/goats-in-trees.jpg	[04:26]
MJR_III	how long you been in btcland copumpkin?	[04:26]
copumpkin	he's the guy on the upper left	[04:26]
copumpkin	MJR_III: couple of years now, on and off	[04:26]
MJR_III	yeah i started playing around with it back in 11...trying to do an fpga miner	[04:26]
MJR_III	but got distracted and didn't come back till this january	[04:27]
smickles	i may be poor, but i think i've gone into the next tax bracket	[04:27]
MJR_III	lol nice smickles	[04:27]
smickles	too much short term capital gains	[04:27]
assbot	[BTCTC] [PAJKA.BOND] 5 @ 0.1076 = 0.538 BTC [+]	[04:27]
copumpkin	smickles: omg you entered the 15% rate bracket?	[04:27]
copumpkin	congratulations!	[04:28]
smickles	:D	[04:28]
MJR_III	smickles: you in US? will you declare it?	[04:28]
copumpkin	I disagreed with tiberiusiv so I'm clearly in the 10% bracket	[04:28]
MJR_III	LOL	[04:28]
MJR_III	that is how the tax code works	[04:28]
MJR_III	our wealth is determined by our level of agreement with tiberiusiv	[04:28]
smickles	MJR_III: well, i declared some last year, and i've already bought some things with it this yeear, so yeah, i think i'll declare it	[04:28]
MJR_III	smickles: this is US taxes right?	[04:29]
smickles	yes	[04:29]
MJR_III	wonder how they will handle it up in canada	[04:29]
copumpkin	smickles: O taxmeister, please tell me, what is the point of throwing a $1700-wide hole like this into the tax code? http://snapplr.com/jxx2	[04:29]
kakobrekla	just move to yurop already	[04:29]
MJR_III	do they have capital gains and such? wonder if cavirtex will report	[04:29]
Chaang-Noi	hi copumpkin :)	[04:29]
Bowjob	https://bitcointalk.org/index.php?topic=160388.0	[04:29]
Bowjob	bitcoin will reach 100	[04:29]
Bowjob	wooho	[04:30]
Chaang-Noi	smickles yeah, a bit sad, what was the vol on that sale?	[04:30]
*	robocoin has quit (Quit: Good Night!)	[04:30]
smickles	copumpkin: lol, i dunno	[04:30]
smickles	tiberiusiv: some is capital gains, some is income	[04:31]
copumpkin	it really makes a huge difference that those $1700 are taxed not at 33%, not at 39.6%, but at 35% exactly	[04:31]
copumpkin	tiberiusiv: (smickles is an accountant)	[04:32]
assbot	[MPEX] [S.DICE] 3000 @ 0.00389736 = 11.6921 BTC [-]	[04:32]
copumpkin	as mitt famously said :)	[04:32]
smickles	this'll be the first year i have to pay fed. income tax, unless i'm mistaken	[04:33]
*	Bugpowder has quit (Remote host closed the connection)	[04:33]
copumpkin	poor things	[04:33]
KRS1	tiberiusiv: you don't seem like you know what you are talking about when you say majority of Americans don't pay income taxes.	[04:34]
KRS1	Many do not have a choice, it comes out of their paychecks.	[04:34]
smickles	i think a lot do, but they don't have to	[04:34]
KRS1	Thats right, for overpayments.	[04:34]
smickles	KRS1: tiberiusiv wouldn't count an interest free, manditory loan as a tax	[04:34]
MJR_III	lol	[04:35]
MJR_III	that is my least favorite	[04:35]
KRS1	smickles, this im wasting my time aren't I	[04:35]
copumpkin	well, payroll tax always applies	[04:35]
copumpkin	so even those that don't pay income tax pay payroll tax	[04:35]
MJR_III	KRS1: come join on us on the ignoring tiberiusiv side, its really great	[04:35]
copumpkin	well, almost always applies	[04:35]
KRS1	<- off to do something productive	[04:35]
copumpkin	unless you're really poor	[04:36]
MJR_III	smickles: even if you are poor...they still take it out and you have to file to get it back right?	[04:36]
smickles	oh, ya know, i have like 30k carry-over from my rental property. I'm not going to pay fed. income tax unless i do a lot better	[04:36]
MJR_III	hehehe	[04:36]
copumpkin	tiberiusiv: yay!	[04:36]
MJR_III	the funniest thing, and this is a testament to the average americans intelligence regarding finance, is that people get excited when they get their own money back	[04:37]
copumpkin	tiberiusiv: "case in point" is the idiom	[04:37]
Chaang-Noi	anyone one know the volume on the sale to 75 off hand? thanks	[04:37]
copumpkin	;;asks 75	[04:37]
gribble	There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in total. \| Data vintage: 0.0019 seconds	[04:38]
Chaang-Noi	i mean the one last night, the huge harket sell order	[04:38]
Chaang-Noi	market	[04:38]
copumpkin	oh	[04:38]
smickles	Chaang-Noi: it started with a one-off 700 btc on btce	[04:38]
MJR_III	i literally don't even know why someone would do that	[04:38]
MJR_III	so much slippage	[04:38]
copumpkin	;;bids 75	[04:38]
gribble	There are currently 43668.029 bitcoins demanded at or over 75.0 USD, worth 3431186.42875 USD in total. \| Data vintage: 45.9326 seconds	[04:38]
Chaang-Noi	smickles really?	[04:39]
*	copumpkin beams	[04:39]
smickles	Chaang-Noi: yeah, gox traders didn't even react for 5 min or so	[04:39]
MJR_III	copumpkin: do the iphone guys use freenode?	[04:39]
Chaang-Noi	last night i bet it was thicker than what it is now, that is a massive sell off	[04:39]
Diablo-D3	well	[04:39]
copumpkin	MJR_III: not really	[04:39]
Diablo-D3	I wish BTC would get to $1000 already	[04:39]
copumpkin	Diablo-D3: over 8000!!!	[04:39]
MJR_III	Diablo-D3: yep...i can't wait	[04:39]
Diablo-D3	no, $1000 is fine	[04:40]
Diablo-D3	I just need enough money to start DMC	[04:40]
copumpkin	you sure you wouldn't prefer over 8000!?!?!?!?	[04:40]
Diablo-D3	copumpkin: it'd take too long	[04:40]
smickles	the laptop i bought with btc at the begining of this week is named "btc9001"	[04:40]
MJR_III	i mostly think that it is necessary for the price to get to that level so we can start doing real institutional stuff	[04:40]
Diablo-D3	and its clear copumpkin is a fan of the source material	[04:40]
copumpkin	lol	[04:40]
MJR_III	gonna be a huge space available for investment bank/underwriting, handling IPO's etc	[04:41]
*	XRPTrader2 has quit (Quit: XRPTrader2)	[04:41]
copumpkin	someone just did a lot on btcn	[04:41]
Diablo-D3	MJR_III: yeah, but Im looking for over $200m.	[04:41]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[04:44]
copumpkin	tiberiusiv: what do you do when you're not arguing on IRC?	[04:46]
copumpkin	sounds like fun	[04:47]
assbot	[HAVELOCK] [HIM] 1 @ 1.92 BTC [+]	[04:51]
assbot	[BTCTC] [S.DICE-PT] 3 @ 0.00485 = 0.0146 BTC [-]	[04:52]
assbot	[BTCTC] [BASIC-MINING] 2 @ 0.3519 = 0.7038 BTC [-]	[04:52]
assbot	[BTCTC] [S.DICE-PT] 1 @ 0.005 BTC [+]	[04:53]
assbot	[BTCTC] [S.DICE-PT] 49 @ 0.00506 = 0.2479 BTC [+]	[04:53]
KRS1	lol copumpkin	[04:53]
assbot	[BTCTC] [S.DICE-PT] 78 @ 0.005065 = 0.3951 BTC [+]	[04:53]
assbot	[BTCTC] [S.DICE-PT] 79 @ 0.005075 = 0.4009 BTC [+]	[04:53]
assbot	[BTCTC] [S.DICE-PT] 475 @ 0.00508 = 2.413 BTC [+]	[04:53]
MJR_III	smickles: it's kind of hard to do some financial analysis of sdice right now right? we don't have a full year of data...	[04:53]
assbot	[BTCTC] [ASICMINER-PT] 4 @ 0.849998 = 3.4 BTC [+]	[04:53]
MJR_III	would like to come up with a realistic valuation	[04:54]
copumpkin	did you guys know that there's a million-dollar-an-hour club?	[04:54]
KRS1	lol what..nice.	[04:55]
copumpkin	(of high earners, to put it lightly)	[04:55]
MJR_III	copumpkin: where?	[04:55]
copumpkin	http://www.amazon.com/How-Make-Million-Dollars-Hour/dp/1118239245	[04:56]
smickles	MJR_III: i'm sure you could get a good idea from the data out there now. the main thing would be wether or not there will come some outside influence on their operations	[04:56]
copumpkin	lol @ inflammatory title	[04:56]
copumpkin	but there are HF managers who have made that much on good years, if you assume 40-hour work weeks and the like	[04:56]
MJR_III	record for HF is 4 billion one year	[04:57]
smickles	;;bc,24hprc	[04:57]
gribble	87.54	[04:57]
MJR_III	for the hedge fund manager	[04:57]
copumpkin	MJR_III: I think paulson made 4.8 one year	[04:58]
copumpkin	dalio has made 3.8	[04:58]
MJR_III	wow	[04:58]
copumpkin	a few others	[04:58]
MJR_III	but it is a common saying among those guys that they wouldn't roll out of bed for what lloyd blankfein makes	[04:58]
MJR_III	but the average hedge fund manager makes ONLY 375k	[04:58]
copumpkin	hah	[04:58]
assbot	[HAVELOCK] [VTX] 4 @ 0.47 = 1.88 BTC [+]	[04:59]
assbot	[HAVELOCK] [VTX] 4 @ 0.47 = 1.88 BTC [+]	[04:59]
MJR_III	i was reading an article about hedge fund guys, and that was the cautionary tale	[04:59]
MJR_III	i know you guys think you will get rich but be aware most people only make slightly under 400k a year	[04:59]
copumpkin	lol	[04:59]
MJR_III	i'm like...oh in that case nevermind	[04:59]
mircea_popescu	i wonder if it's worth reading thr scrollback	[05:00]
MJR_III	lol	[05:00]
copumpkin	mircea_popescu: absolutely not	[05:00]
assbot	[HAVELOCK] [VTX] 2 @ 0.478 = 0.956 BTC [+]	[05:00]
MJR_III	mircea_popescu: no it isn't	[05:00]
mircea_popescu	227 ignored lines it says. yeah, i see.	[05:00]
MJR_III	it was entertaining for a little while, but i am hoping that we can move past the tiberiusiv era	[05:00]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.849998 BTC [+]	[05:00]
mircea_popescu	i wonder who the next ciuciu will be	[05:01]
assbot	[HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]	[05:01]
MJR_III	his latest argument was that it is too expensive to short bitcoins because if they go up your interest rate is huge	[05:01]
copumpkin	MJR_III: and most people at HFs aren't the "managers" as people call them	[05:01]
assbot	[BTCTC] [ASICMINER-PT] 5 @ 0.849998 = 4.25 BTC [+]	[05:01]
MJR_III	copumpkin: my friend is a quant for one	[05:01]
MJR_III	most of the hedge funds are quite small	[05:01]
mircea_popescu	MJR_III he had me yesterday, when he was explaining that he can't short mpoe because he doesn;t own all the money in the world	[05:01]
copumpkin	yup	[05:01]
MJR_III	couple qualitatives, couple quants...and a manager	[05:01]
copumpkin	mircea_popescu: he tried that on us too	[05:01]
mircea_popescu	but failed to understand how this undermines his argument as to mpoe being weak.	[05:01]
MJR_III	yep	[05:01]
*	guruvan has quit (Disconnected by services)	[05:01]
*	Bowjob has quit (Quit: Page closed)	[05:02]
*	guruvan- is now known as guruvan	[05:02]
MJR_III	it was ridiculous	[05:02]
mircea_popescu	sorta like... you need all the money in the world to push over this here rotten reed.	[05:02]
mircea_popescu	seems legit	[05:02]
MJR_III	i told him i couldn't borrow a quintillion dollars either	[05:02]
mircea_popescu	a cunnilingus dollars ?!	[05:02]
MJR_III	lol	[05:02]
MJR_III	and that P != P + I	[05:02]
MJR_III	any new money created through debt does not create enough for the interest on the debt	[05:03]
mircea_popescu	well anyway.	[05:03]
MJR_III	and yet the world keeps on turning	[05:03]
mircea_popescu	bitcoin failed to cross 100, mpoe contracrt volume failed to cross 1/2 mn	[05:03]
mircea_popescu	i can't claim 50mn notional this month ;/	[05:03]
copumpkin	oh no!	[05:03]
mircea_popescu	all is for naught	[05:03]
copumpkin	all is for naughty	[05:04]
mircea_popescu	haha	[05:04]
smickles	THE JIG IS UP!	[05:04]
mircea_popescu	smickles da jiggle	[05:04]
*	XRPTrader2 (~XRPTrader@c-67-180-198-218.hsd1.ca.comcast.net) has joined #bitcoin-assets	[05:04]
MJR_III	what was the total volume mircea_popescu	[05:04]
mircea_popescu	like almost 500k	[05:05]
MJR_III	quite impressive	[05:05]
mircea_popescu	it is	[05:05]
mircea_popescu	last highest was like 130k iirc	[05:05]
MJR_III	expecting good dividends?	[05:05]
mircea_popescu	that we see tomorro	[05:05]
MJR_III	hmmm	[05:05]
MJR_III	brb	[05:06]
smickles	MJR_III: he typically keeps a tight lip on that topic	[05:06]
mircea_popescu	yeh teh tradition is that no comment	[05:06]
assbot	[MPEX] [S.MPOE] 4600 @ 0.00066065 = 3.039 BTC [-]	[05:07]
MJR_III	hehehe	[05:07]
MJR_III	all good	[05:07]
smickles	Bugpowder, iirc, seems to think no dividend, mpbor boned	[05:07]
MJR_III	almost tripled my position	[05:07]
smickles	$unconfirmed	[05:07]
mpexbot	smickles: 1338	[05:07]
mircea_popescu	190`817 actually	[05:07]
mircea_popescu	back in january	[05:08]
mircea_popescu	odd how mpex volume seems to skip a month	[05:08]
MJR_III	hmmm	[05:08]
mircea_popescu	mpoe i mean	[05:08]
MJR_III	why did my trade not hit assbot?	[05:08]
copumpkin	I wonder how much is in my mpex account right now	[05:08]
MJR_III	lol, there it is	[05:08]
*	Bugpowder has quit (Ping timeout: 248 seconds)	[05:08]
mircea_popescu	!mp copumpkin's account details	[05:08]
assbot	Please use http://dpaste.com/	[05:08]
*	benkay has quit (Quit: benkay)	[05:08]
mircea_popescu	lol	[05:08]
copumpkin	I see...	[05:08]
smickles	that's a funny thing	[05:08]
mircea_popescu	wait, mpoe back to 66 ?	[05:09]
*	XRPTrader2 has quit (Client Quit)	[05:09]
copumpkin	mircea_popescu: what'd it start at again?	[05:09]
mircea_popescu	0.00002	[05:09]
copumpkin	hmm	[05:09]
smickles	copumpkin: i have a gui interface to mpex now :)	[05:10]
copumpkin	so I've made decent money off of my investment	[05:10]
mircea_popescu	well actually 0.00009 1st block (1mn) then 2nd block 0.000025 or so	[05:10]
copumpkin	assuming I sell it	[05:10]
Namworld	[23:06] yeh teh tradition is that no comment	[05:10]
smickles	and I'm improving it too	[05:10]
Namworld	^^^^ ofc	[05:10]
Namworld	Otherwise it would impact derivates trading if people could know upfront	[05:10]
MJR_III	hmmm	[05:10]
MJR_III	good point	[05:11]
*	XRPTrader2 (~XRPTrader@c-67-180-198-218.hsd1.ca.comcast.net) has joined #bitcoin-assets	[05:11]
mircea_popescu	copumpkin wait you had shares too ?	[05:12]
copumpkin	lol	[05:12]
copumpkin	yeah, around 110k iirc	[05:12]
smickles	http://youtu.be/jyLvkF2z0AQ	[05:12]
mircea_popescu	this is so disconnecty for me. on one hand there's this endless stream of "o, mpoe, scam, nobody uses it, wtfbbq"	[05:12]
mircea_popescu	on the other everyone seems to have shares, i'm like...	[05:12]
mircea_popescu	loooost	[05:12]
copumpkin	I never said that!	[05:12]
mircea_popescu	not u!	[05:12]
mircea_popescu	forumppl	[05:12]
smickles	copumpkin: that link was for you	[05:12]
copumpkin	smickles: I see :P	[05:13]
copumpkin	oh he's back!	[05:13]
smickles	hehehe	[05:13]
*	XRPTrader2 has quit (Client Quit)	[05:13]
copumpkin	tiberiusiv: still made good money off of it	[05:13]
copumpkin	if I did sell	[05:13]
Namworld	forum people are angry of having to either pay fees to a broker or pay a high fee to trade directly on the exchange.	[05:13]
copumpkin	which I won't	[05:13]
copumpkin	cause I'm too lazy to place an order through the system :P	[05:14]
Namworld	Or just angry at your personality/the other business you run	[05:14]
mircea_popescu	Namworld in a word, just angry.	[05:14]
smickles	copumpkin: smickles.com/mpex-gui/	[05:14]
Namworld	or even MPOE-PR being a loudmouth	[05:14]
Namworld	aye	[05:14]
Namworld	tiberiusiv, true	[05:14]
copumpkin	smickles: cute! still too lazy though :(	[05:14]
Namworld	Fees are good on coinbr	[05:14]
smickles	haha!	[05:14]
copumpkin	tiberiusiv: seriously?	[05:14]
Namworld	Ah yes, many just don't like mircea.	[05:15]
MJR_III	what other business do you run mircea_popescu	[05:15]
mircea_popescu	i dunno what he meant	[05:15]
copumpkin	people dislike mircea_popescu because his penis is too big	[05:15]
MJR_III	lol	[05:15]
MJR_III	who gives a fuck how they feel...the exchange speaks for itself	[05:15]
mircea_popescu	that's my clitoris.	[05:15]
mircea_popescu	my penis' even bigger.	[05:15]
copumpkin	tiberiusiv: did you go by another nick in the past?	[05:16]
copumpkin	there was another guy in here	[05:16]
copumpkin	who spoke about mircea_popescu in exactly the same terms	[05:16]
copumpkin	I can't remember what his nick was	[05:16]
mircea_popescu	don rickles ?	[05:16]
copumpkin	tiberiusiv: "gypsy scum" is the truth?	[05:17]
smickles	i thought he just whipped the women	[05:17]
copumpkin	tiberiusiv: so are the admins of reddit also gypsy scum?	[05:17]
copumpkin	and moot, perhaps	[05:17]
MJR_III	yeah, the whole bdsm article confused me a little	[05:18]
copumpkin	lol	[05:18]
copumpkin	it must be great seeing everything in perfect black and white	[05:18]
copumpkin	really makes life a lot simpler	[05:18]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[05:18]
copumpkin	to see no nuance at all :)	[05:18]
smickles	'internet people' and 'real capital'	[05:18]
mircea_popescu	smickles i don't think he knows about that part yet.	[05:18]
MJR_III	i think "simple" sums him up perfectly	[05:18]
copumpkin	tiberiusiv: and we don't?	[05:18]
copumpkin	admittedly, I kinda don't	[05:19]
assbot	[HAVELOCK] [SDICE] 1 @ 0.40999998 BTC [+]	[05:19]
assbot	[HAVELOCK] [SDICE] 1 @ 0.40999998 BTC [+]	[05:19]
assbot	[HAVELOCK] [SDICE] 2 @ 0.40999999 = 0.82 BTC [+]	[05:19]
assbot	[HAVELOCK] [SDICE] 1 @ 0.41099999 BTC [+]	[05:19]
assbot	[HAVELOCK] [SDICE] 5 @ 0.41099999 = 2.055 BTC [+]	[05:19]
MJR_III	was that a buy or a sell?	[05:19]
copumpkin	fine	[05:19]
MJR_III	the + means they took the ask right?	[05:19]
assbot	[BTCTC] [S.DICE-PT] 77 @ 0.00508 = 0.3912 BTC [+]	[05:19]
copumpkin	tiberiusiv: why are you actively set against him, instead of just neutral, then?	[05:19]
assbot	[BTCTC] [S.DICE-PT] 98 @ 0.0055 = 0.539 BTC [+]	[05:19]
copumpkin	okay, so they won't invest in him	[05:20]
copumpkin	who cares?	[05:20]
MJR_III	trolls care	[05:20]
MJR_III	tiberiusiv is like atheists who devote all of their time to arguing about things they don't believe in	[05:20]
copumpkin	tiberiusiv: how do you know he's a fraudster?	[05:20]
smickles	MJR_III: the + means it was traded higher than the last time, not a statement on who was the liquidity taker	[05:21]
MJR_III	agnostics just go on about their business...to be honest most religious people spend less time talking about religion than most atheists on reddit at least	[05:21]
smickles	huh	[05:21]
copumpkin	tiberiusiv: he publishes reports monthly, doesn't he?	[05:21]
copumpkin	or you mean looking behind that?	[05:21]
copumpkin	have you verified mtgox's reports?	[05:21]
assbot	[HAVELOCK] [HIM] 1 @ 1.92 BTC [+]	[05:22]
copumpkin	so is MagicalTux a fraudster?	[05:22]
MJR_III	copumpkin: no he is probably just poor/a kid	[05:22]
smickles	copumpkin: well, he would've been, (MT) but he started making too much money	[05:22]
copumpkin	tiberiusiv: but how about MagicalTux?	[05:22]
copumpkin	the owner of mtgox	[05:23]
assbot	[HAVELOCK] [SDICE] 2 @ 0.445 = 0.89 BTC [+]	[05:23]
copumpkin	isn't that true of every merchant out there?	[05:23]
smickles	and polimedia isn't	[05:23]
deadweasel	you mean like advertising?	[05:23]
smickles	@.@	[05:24]
assbot	[HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]	[05:24]
copumpkin	he's in romania because he's romanian, I thought	[05:24]
copumpkin	although he did move there after being in the US	[05:25]
copumpkin	most people live in the place they're from, eventually	[05:25]
copumpkin	what scheme was that?	[05:25]
copumpkin	have you been there?	[05:25]
smickles	copumpkin: consulting, iirc	[05:25]
mircea_popescu	http://www.youtube.com/watch?v=X1y0vfBGm38	[05:26]
mircea_popescu	pretty lolzy. wtf are they doing with the chips	[05:26]
copumpkin	tiberiusiv: have you been there?	[05:26]
copumpkin	you know a lot	[05:27]
copumpkin	yessir!	[05:27]
MJR_III	copumpkin: he will circle back to his first point again at some point and just repeat the cycle	[05:28]
copumpkin	$ grep "" foo.txt \| grep "?" \| wc -l	[05:29]
copumpkin	15	[05:29]
copumpkin	$ grep "" foo.txt \| wc -l	[05:29]
copumpkin	253	[05:29]
copumpkin	just a statistic	[05:29]
copumpkin	my log of this channel from the past couple of hours	[05:29]
smickles	just the past couple of hours?	[05:29]
copumpkin	yeah	[05:30]
MJR_III	negraneu reminds me of edward norton so i always think of rounders when i see him play	[05:30]
mircea_popescu	he kinda sucks imo	[05:31]
mircea_popescu	telegraphs to all hell	[05:31]
smickles	we must have different greps, that same command gets me 2 and 12	[05:31]
smickles	and my logs go back a while	[05:32]
copumpkin	different greps have different syntax	[05:32]
smickles	i don't see what i'm doing wrong with mine D:	[05:33]
copumpkin	you ignoring him perchance? :P	[05:33]
smickles	nope	[05:33]
smickles	i don't ignore anyone	[05:33]
mircea_popescu	different greps what abominations am i reading	[05:33]
mircea_popescu	there's only one grep and its name is grep	[05:34]
copumpkin	lol	[05:34]
smickles	there are different greps, actually :P	[05:34]
mircea_popescu	infidel	[05:34]
copumpkin	there is but one true grep	[05:34]
mircea_popescu	http://www.foxnews.com/leisure/2013/03/28/company-releases-new-bacon-flavored-condoms/#ixzz2OriHQTSs	[05:34]
*	Guest00001 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[05:35]
mircea_popescu	fox. farly balanced.	[05:35]
smickles	OOOOOHHHHH	[05:35]
Chaang-Noi	lol	[05:35]
copumpkin	they put tastebuds in rectums (recta?) now?	[05:35]
smickles	my log does it like < tiberiusiv>	[05:35]
smickles	copumpkin: i have 1998 vs 20974	[05:36]
*	error4733 has quit (Ping timeout: 264 seconds)	[05:36]
*	Guest00001 is now known as error4733	[05:36]
copumpkin	smickles: perhaps he's usually more inquisitive than he was tonight	[05:36]
*	Bugpowder has quit (Remote host closed the connection)	[05:36]
copumpkin	it'd be interesting to run a sliding window average over it	[05:36]
Chaang-Noi	how is that sell off last night going to lower the 24 hour average for all these calls?	[05:36]
copumpkin	and plot the topic of conversation	[05:36]
smickles	;;bc,24hprc	[05:36]
gribble	87.54	[05:37]
smickles	Chaang-Noi: ^	[05:37]
mircea_popescu	copumpkin tastebutts.	[05:37]
Chaang-Noi	hmm higher than i expected	[05:37]
copumpkin	mircea_popescu: ohhh!	[05:37]
copumpkin	mircea_popescu: never knew they were spelled that way	[05:37]
Chaang-Noi	that sell off might not have had volume	[05:37]
copumpkin	everything makes sense now	[05:37]
mircea_popescu	but srsly, i'm looking forward to fresh onion flavoured	[05:37]
copumpkin	lol	[05:37]
mircea_popescu	same tearflow, less wear and tear on the whips	[05:37]
copumpkin	bhut jolokia flavor	[05:37]
Chaang-Noi	you like onions when you go down on a guy? lol are we still talking about flavoured comdoms?	[05:38]
smickles	sour apple should improve performance	[05:38]
Chaang-Noi	i never understood why one would even wont to have a condom on while getting a bj	[05:39]
Chaang-Noi	condoms are good for aids/babies	[05:39]
mircea_popescu	Chaang-Noi some people don't have ALL the venereal disease there is yet.	[05:39]
Chaang-Noi	why not find a clean girl?	[05:40]
Chaang-Noi	is it really bad in romania?	[05:40]
mircea_popescu	not rly.	[05:40]
Chaang-Noi	maybe iv just been lucky :/	[05:40]
smickles	i saw some that had some kind of coating, the box said 'for external use only'. wtf is that?	[05:41]
Chaang-Noi	handjobs?	[05:41]
Chaang-Noi	or maybe a tit fuck?	[05:41]
mircea_popescu	some people hammer nails with their cocks	[05:42]
copumpkin	some people put nails through their cocks	[05:42]
copumpkin	tiberiusiv: now you're just trolling; go away	[05:42]
Chaang-Noi	copumpkin just now? lol this troll has been around a while:)	[05:42]
*	Schadenfreude (~m@77.117.247.168.wireless.dyn.drei.com) has joined #bitcoin-assets	[05:43]
copumpkin	tiberiusiv: please tell me what you have deduced about me	[05:43]
Chaang-Noi	oh tiberslav	[05:43]
smickles	although i've never been to romainia, tiberiusiv, you're starting to come off more like a bigot as time goes on	[05:43]
Chaang-Noi	smickles the only thin tiberslav said was good about mp was when he burnt the koran	[05:43]
smickles	mircea_popescu: you mised the part when tiberiusiv called copumpkin poor for disagreeing with him	[05:43]
mircea_popescu	poor, poor, poor copumpkin	[05:44]
copumpkin	I think we all need report cards, written up by tiberiusiv	[05:44]
smickles	tiberiusiv: actually, i've been to the lower 48, most of norther mexico and most of souther canada	[05:44]
copumpkin	enumerating the things he's deduced about us based on our extensive interactions	[05:44]
mircea_popescu	when finance reared its ugly head copumpkin poorly wrote a check and fled...	[05:44]
copumpkin	lol	[05:44]
smickles	i had to backtrack and go to rhode island, so fucking small i missed it the first time around	[05:45]
copumpkin	tiberiusiv: inorite	[05:45]
copumpkin	I don't think I actually offered	[05:45]
copumpkin	but I did propose you asking as a solution to your problem	[05:45]
smickles	tiberiusiv: nope	[05:45]
copumpkin	tiberiusiv: how many are you actually looking for, out of curiosity?	[05:45]
mircea_popescu	anyway. nobody who owns mpoe stock is poor.	[05:45]
copumpkin	tiberiusiv: I am rich, filled to the brim with mircea_popescu's love	[05:46]
smickles	I almost went to japan once, but decided to go to gencon instead	[05:46]
mircea_popescu	ya you are full of it copumpkin	[05:46]
copumpkin	mmmm	[05:46]
smickles	tiberiusiv: that is about the extent of my travels, although i'd consider american and canadan indians a seperate culture	[05:46]
mircea_popescu	"She didn't have large breasts, but they were by no means small either."	[05:46]
mircea_popescu	sometimes i wonder if these people ever saw tits	[05:46]
copumpkin	lol	[05:46]
copumpkin	no, bigots are bigots	[05:47]
mircea_popescu	pretty much the only characterisation ever made is "big"	[05:47]
mircea_popescu	"not big but still big"	[05:47]
smickles	a canadan tribe almost imprisoned me for going up the wrong creek once	[05:47]
mircea_popescu	"even bigger"	[05:47]
copumpkin	tiberiusiv: anyway, I'm curious what you think about me	[05:47]
mircea_popescu	dude there's more to boob than mass.	[05:47]
copumpkin	tiberiusiv: can you give me any more information?	[05:47]
copumpkin	[23:44:47] copumpkin offered to lend his vast holdings of BTC for short selling	[05:47]
copumpkin	[23:42:54] wouldnt expect any less of a response from an mpex shareholder	[05:47]
copumpkin	I don't know	[05:47]
copumpkin	but you clearly do	[05:47]
copumpkin	based on those comments and others	[05:47]
smickles	tiberiusiv: that's not really my criteria for bigotry, and i don't really favor american political correctness, so far as i can tell	[05:48]
copumpkin	no	[05:48]
copumpkin	I've gotten into big fights with him before	[05:48]
copumpkin	and I think he's kinda an asshole	[05:48]
copumpkin	but I don't think he's dishonest and he's smart	[05:48]
Chaang-Noi	;;asks 95	[05:48]
smickles	sounds like a fun place	[05:48]
gribble	There are currently 9528.5939 bitcoins offered at or under 95.0 USD, worth 896329.793098 USD in total. \| Data vintage: 0.0020 seconds	[05:48]
Chaang-Noi	;;asks 100	[05:49]
gribble	There are currently 26042.659 bitcoins offered at or under 100.0 USD, worth 2515384.40478 USD in total. \| Data vintage: 10.7147 seconds	[05:49]
copumpkin	he thinks I'm too nice, too	[05:49]
assbot	[HAVELOCK] [VTX] 4 @ 0.475 = 1.9 BTC [-]	[05:49]
assbot	[HAVELOCK] [VTX] 3 @ 0.479 = 1.437 BTC [+]	[05:49]
copumpkin	mircea_popescu: right?	[05:49]
Chaang-Noi	that grew a lot	[05:49]
*	copumpkin is awfully nice, indeed	[05:49]
smickles	and cute to ;)	[05:49]
copumpkin	oh, smickles dug up a photo of me	[05:49]
smickles	copumpkin: that one on rg's site?	[05:49]
copumpkin	oh forgot about that	[05:49]
copumpkin	I guess you aren't as much of a creep as you sounded	[05:50]
smickles	ha!	[05:50]
copumpkin	apparently I look like a "faggot" in that picture	[05:50]
copumpkin	according to mad7scientist	[05:50]
smickles	orly?	[05:50]
copumpkin	yeah	[05:50]
smickles	ya know, mad7 was my first, .. so far as btc trades go	[05:50]
smickles	i wonder what mad7scientist's opinion of my photo on there is	[05:51]
copumpkin	aww, the photobook was taken down	[05:52]
smickles	copumpkin: nOOOOooOOO!	[05:52]
*	FabianB (~ogg@unaffiliated/fabianb) has joined #bitcoin-assets	[05:52]
assbot	[MPEX] [S.DICE] 1500 @ 0.00419992 = 6.2999 BTC [+]	[05:52]
assbot	[MPEX] [S.DICE] 5450 @ 0.00419993 = 22.8896 BTC [+]	[05:52]
smickles	;;seen jurov	[05:52]
gribble	jurov was last seen in #bitcoin-assets 4 hours, 9 minutes, and 21 seconds ago: so armory seems to account for that?	[05:52]
smickles	tiberiusiv: too many bots in this chan, right?	[05:52]
copumpkin	looks like archive.org got all the good stuff, eh: http://web.archive.org/web/20120910023714/http://photobook.bitvps.com/index.php/	[05:52]
*	FabianB_ has quit (Ping timeout: 258 seconds)	[05:53]
smickles	oh, that must be what sarcasm is	[05:55]
smickles	took me a minute to realize it	[05:55]
*	B0g4r7 (~b0g4r7@193.sub-75-243-8.myvzw.com) has joined #bitcoin-assets	[05:55]
*	tiberiusiv has quit (Quit: Leaving)	[05:58]
Namworld	hmm... RG used to ahve a photobook aight...	[05:58]
assbot	[BTCTC] [S.DICE-PT] 72 @ 0.0045 = 0.324 BTC [-]	[05:59]
assbot	[BTCTC] [S.DICE-PT] 19 @ 0.0045 = 0.0855 BTC [-]	[05:59]
assbot	[BTCTC] [S.DICE-PT] 32 @ 0.00442 = 0.1414 BTC [-]	[05:59]
assbot	[BTCTC] [S.DICE-PT] 51 @ 0.00442 = 0.2254 BTC [-]	[05:59]
assbot	[BTCTC] [S.DICE-PT] 1 @ 0.0044 BTC [-]	[05:59]
MJR_III	you know...mt gox is kinda too big to fail	[06:01]
ThickAsThieves	did i miss anything other than rebounding to 90 and half of a bunch of shitty conversations with tiberius?	[06:01]
MJR_III	ThickAsThieves: pretty much summed up tonight	[06:02]
ThickAsThieves	cool	[06:02]
MJR_III	i couldn't see any of the pictures	[06:03]
smickles	MJR_III: i don't think they're too ig to fail	[06:03]
*	mircea_popescu tries to remember wtf fights with copumpkin	[06:03]
smickles	huh?	[06:03]
copumpkin	mircea_popescu: well, your idea of a fight tends to be /ignore	[06:03]
copumpkin	which I've been at least once	[06:03]
copumpkin	:P	[06:03]
copumpkin	or my perception of you being in a fight with me	[06:04]
smickles	i only remember civil debates	[06:04]
smickles	points raised, evidence presented	[06:04]
mircea_popescu	but yeah, basically, you're too nice	[06:04]
mircea_popescu	which is harmful to the environment	[06:04]
smickles	such and soforth	[06:04]
ThickAsThieves	I ran numbers on my btc portfolio today, it's officially worth 1.5x my yearly salary at my day job.	[06:05]
smickles	it's just play money tho	[06:06]
mircea_popescu	you're lucky you have a dayjob	[06:06]
ThickAsThieves	just scams and games	[06:06]
KRS1	thickasthieves: thats tight	[06:06]
ThickAsThieves	why am i lucky?	[06:07]
copumpkin	mircea_popescu: hah, my job tries hard to make me unnice!	[06:07]
mircea_popescu	what was it, fluffer ?	[06:08]
copumpkin	yup	[06:08]
mircea_popescu	bitchiest gals in showbiz.	[06:08]
smickles	that's gotta be a hard job tho	[06:08]
KRS1	not even at the hight of my btc balance did i have enough to hit my yearly salary @$90/btc	[06:08]
ThickAsThieves	you're lucky you have a dayjob <---this flew over my head	[06:09]
KRS1	but then again i had a small gpu farm..met the author of Bamt that was kind of cool	[06:09]
MJR_III	i am looking into quitting my job now	[06:09]
copumpkin	smickles: works for me	[06:09]
mircea_popescu	ThickAsThieves just general kvetch. "in this economy, you're lucky to have a pickle"	[06:09]
KRS1	he lives near me	[06:09]
ThickAsThieves	ah	[06:09]
mircea_popescu	when you'll be jewish you'll understand.	[06:09]
MJR_III	hopefully find something in the bitcoin space	[06:09]
KRS1	have u guys ever heard of BAMT?	[06:10]
ThickAsThieves	i thought you were implying that 1.5x is not good enough, and to stick to it	[06:10]
ThickAsThieves	1.5x is not good enough	[06:10]
ThickAsThieves	but i wont be sticking to my day bjob	[06:10]
ThickAsThieves	already neglecting it...	[06:11]
mircea_popescu	im not a great fan of dayjobs.	[06:11]
smickles	i'm not going to stop until i have an estate, some serfs, and a scribe	[06:12]
mircea_popescu	wouldn't it be easier to learn to spell ?	[06:12]
KRS1	Wouldn't you want minion?	[06:12]
KRS1	Or maybe even some sharks with freaking lasers?	[06:12]
mircea_popescu	inb4 smickles' revised list : " an estate, some serfs, a scribe and an extensive collection of skulls taken from people who discussed my spelling"	[06:13]
smickles	lol	[06:13]
smickles	as a future member of the imprisoned aristocracy, i say good day sir	[06:14]
MJR_III	smickles: lol	[06:15]
MJR_III	when do the new options hit mpex?	[06:15]
MJR_III	its the 29th here in nyc...	[06:15]
smickles	midnight utc	[06:15]
MJR_III	its 4:15 utc	[06:15]
smickles	indeed	[06:16]
MJR_III	so wouldn't that have been 4 hours ago?	[06:16]
smickles	myess	[06:16]
smickles	heh, no	[06:16]
smickles	this coming midnight	[06:16]
copumpkin	what's wrong with smickles's spelling?	[06:16]
smickles	copumpkin: i do tend to spell somethings incorectly frome time to time.	[06:17]
copumpkin	I see.	[06:17]
assbot	[BTCTC] [RSM] 1 @ 0.00382 BTC [+]	[06:17]
MJR_III	ah i thought it was midnight of the 29th	[06:17]
MJR_III	not midnight of the 30th	[06:17]
MJR_III	no big deal	[06:17]
smickles	MJR_III: um, well, 23:59:59 on the 29th	[06:18]
assbot	[BTCTC] [RSM] 1 @ 0.00382 BTC [+]	[06:18]
assbot	[BTCTC] [RSM] 49 @ 0.00383 = 0.1877 BTC [+]	[06:18]
smickles	that's when the Ts expire, the Ns switch over, and new Ns appear	[06:18]
*	smickles is beginning to think MJR_III thinks UTC is 'further away' than it actually is	[06:19]
MJR_III	ah ok	[06:20]
MJR_III	isn't it the same as GMT?	[06:20]
smickles	practically, yes, technically no	[06:20]
smickles	there are actually something like 3 UTCs	[06:21]
MJR_III	oh rly	[06:23]
MJR_III	has anyone seen or read cosmopolis?	[06:23]
smickles	ut0, ut1, ut1r, ut2, ut2r, utc. utc is practically ut1, but the difference is called dut1	[06:23]
assbot	[MPEX] [S.MPOE] 22800 @ 0.00065791 = 15.0003 BTC [-]	[06:23]
MJR_III	ah	[06:23]
assbot	[MPEX] [S.MPOE] 1600 @ 0.00065362 = 1.0458 BTC [-]	[06:23]
MJR_III	are these technical differences?	[06:24]
MJR_III	hold on, i'm off to wikipedia	[06:24]
smickles	MJR_III: "UT1R is a smoothed version of UT1, filtering out periodic variations due to tides. It includes 62 smoothing terms, with periods ranging from 5.6 days to 18.6 years."	[06:26]
smickles	you can look forward to stuff like that	[06:27]
*	fishfishclone (~fishfish2@cpc10-mort5-2-0-cust225.19-2.cable.virginmedia.com) has joined #bitcoin-assets	[06:31]
*	fishfish has quit (Ping timeout: 264 seconds)	[06:34]
assbot	[HAVELOCK] [HIM] 1 @ 1.9199 BTC [-]	[06:35]
*	B0g4r7 has quit (Ping timeout: 276 seconds)	[06:38]
assbot	[HAVELOCK] [HIM] 1 @ 1.92 BTC [+]	[06:39]
*	coingenuity has quit (Read error: Connection reset by peer)	[06:40]
*	coingenuity (~coingenui@unaffiliated/coingenuity) has joined #bitcoin-assets	[06:42]
assbot	[MPEX] [S.MPOE] 10050 @ 0.00065985 = 6.6315 BTC [+]	[06:43]
assbot	[MPEX] [S.MPOE] 1900 @ 0.00066065 = 1.2552 BTC [+]	[06:43]
assbot	[HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]	[06:44]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00066265 = 3.3133 BTC [+]	[06:47]
*	B0g4r7 (natty@193.sub-75-243-8.myvzw.com) has joined #bitcoin-assets	[06:48]
*	TheSeven has quit (Disconnected by services)	[06:48]
*	[7] (~quassel@rockbox/developer/TheSeven) has joined #bitcoin-assets	[06:49]
ThickAsThieves	BFL is shipping	[06:54]
ThickAsThieves	it seems	[06:54]
ThickAsThieves	i cant pin down the source, but https://twitter.com/BFL_News	[06:54]
ThickAsThieves	and BFL shoutbox is talking with Josh about it now	[06:54]
ThickAsThieves	essentially the power isnt where theyd like	[06:55]
ThickAsThieves	but they are shipping anyway	[06:55]
ThickAsThieves	and tweaking next batch or sumth	[06:55]
*	Thinker_ has quit (Quit: Client exiting)	[06:56]
splnkr_	ThickAsThieves: u mean electricity consumption isn't what they'd like, or hashrate isn't what they'd like?	[06:57]
ThickAsThieves	elec	[06:57]
ThickAsThieves	they say the prob is not in the chip	[06:57]
splnkr_	oh so maybe it's like a firmware update they're gonna have to send out or something	[06:57]
ThickAsThieves	or a new pcb	[06:58]
ThickAsThieves	or new power supply	[06:58]
ThickAsThieves	etc	[06:58]
ThickAsThieves	cant figure out when they are saying theyll ship these	[06:59]
splnkr_	wow, sooooo fun reading the news in the form of reverse chronological tweets	[06:59]
ThickAsThieves	hehe	[07:00]
splnkr_	good update tho thx ThickAsThieves	[07:02]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.84998 BTC [-]	[07:03]
arij	reaaally	[07:04]
arij	so hashing speed is on target	[07:04]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00067064 = 3.3532 BTC [+]	[07:04]
assbot	[MPEX] [S.MPOE] 31200 @ 0.00067065 = 20.9243 BTC [+]	[07:04]
arij	power is dobule	[07:04]
arij	double*	[07:04]
ThickAsThieves	is it?	[07:05]
ThickAsThieves	i couldnt find the specs	[07:05]
arij	oh	[07:05]
arij	reading now	[07:05]
*	TradeFortress has quit (Quit: Leaving)	[07:05]
ThickAsThieves	"The power is still far less than any other unit, so it's not like it's something crazy or anything, but it's not 1w/GH "	[07:06]
arij	yea	[07:07]
arij	We will ship the purchased hashrate regardless of what it ends up costing us.	[07:07]
arij	ie. ship two singles that do 30gh each	[07:08]
arij	i guess they will have to underclock the chips or something so power isnt to much for the board to handle	[07:08]
ThickAsThieves	so avalon gets 60GHs on 600w	[07:09]
arij	i think im order number 2017..	[07:09]
*	arij checks	[07:09]
arij	bfl says worstcase is 195w	[07:09]
ThickAsThieves	63Ghs avalon*	[07:09]
arij	#2511	[07:09]
ThickAsThieves	and BFL was claiming they were gonna get 60Ghs on 60w?!	[07:09]
arij	im cool with it, i just want my unit	[07:10]
arij	asap	[07:10]
ThickAsThieves	he claims they can do 400 units per day once they start	[07:10]
ThickAsThieves	not sure what a unit is	[07:10]
arij	i would assume	[07:10]
*	Ukto has quit (Ping timeout: 276 seconds)	[07:10]
arij	singles	[07:10]
arij	how many singles in a minirig?	[07:11]
ThickAsThieves	so thats about 8000 per month	[07:11]
arij	woo	[07:11]
arij	im within the first 1000	[07:11]
arij	im pretty sure orders started at 1600	[07:11]
Namworld	Thick: BFL has a much smaller nm chips than Avalon/Asicminer I believe	[07:11]
arij	yea they do	[07:11]
Namworld	which comes with highly reduced power usage per hashing	[07:12]
ThickAsThieves	do you think theyll get it down to 60w tho?	[07:12]
arij	no	[07:12]
arij	not on the first run anyways	[07:12]
arij	possibly in the future	[07:12]
ThickAsThieves	i mean in general	[07:12]
arij	yea why not	[07:12]
arij	i would expect some compensation though.. if everyone else gets 60w units and i get sent a 195w unit because i ordered early :/	[07:13]
ThickAsThieves	thats pretty good compensation actually	[07:13]
arij	what is?	[07:13]
arij	some extra speed?	[07:13]
ThickAsThieves	you GET it earlier too ;)	[07:13]
arij	lol	[07:14]
arij	those btc i spent though...	[07:14]
arij	:(	[07:14]
arij	worth a lot now	[07:14]
arij	like i said earlier im cool with it all, ill be happy just to get my asic soon	[07:14]
ThickAsThieves	so whats the napkin math for nethash gained	[07:14]
arij	im not sure	[07:16]
arij	some one did it on the forums.. not sure where that post is though	[07:16]
Chaang-Noi	arji youin the first few orders?	[07:16]
arij	#2511	[07:16]
*	Diablo-D3 has quit (Quit: This computer has gone to sleep)	[07:17]
Chaang-Noi	what was the first asic order?	[07:17]
arij	1600	[07:17]
arij	and im sure some of those orders in between are expired	[07:17]
Chaang-Noi	oh so you mightn ot get in the first batch then	[07:17]
ThickAsThieves	so maybe say 6800 untis shipped in april, which we'll shave it down to 5000 to subract for BFL derpness	[07:17]
arij	or not paid for	[07:17]
Chaang-Noi	oh hmm	[07:17]
arij	15min bitpay :p	[07:17]
ThickAsThieves	408000Ghs	[07:17]
*	arij wonders if anyone would buy my pre-order	[07:17]
Chaang-Noi	TAT that is not how my maths worked out :/	[07:18]
Chaang-Noi	how did you get that number???	[07:18]
Chaang-Noi	mine was 25 THs ish	[07:18]
Chaang-Noi	not 400	[07:18]
ThickAsThieves	they claim they can ship 400 "units" a day	[07:19]
Chaang-Noi	you know they only have 500 chips right?	[07:19]
ThickAsThieves	i assume more wafers have been bumped by next week no?	[07:19]
Chaang-Noi	well maybe they can, but they will run out of chips before long	[07:19]
Chaang-Noi	that is all of them	[07:19]
Chaang-Noi	they have to then make a new run	[07:19]
ThickAsThieves	they had like 6 wafers on order	[07:19]
Chaang-Noi	they dont have the 5000 now, that was the order size	[07:20]
ThickAsThieves	you know what	[07:20]
Chaang-Noi	yeah, im not sure when they will get them, but they only ahve 5k now	[07:20]
ThickAsThieves	why are these fucking companies so horrible at communications	[07:20]
Chaang-Noi	they dont want to share bad news?	[07:20]
Chaang-Noi	wow back over 90	[07:20]
arij	wait they have 500 chips on hand or 5000 chips	[07:21]
assbot	[MPEX] [S.MPOE] 21150 @ 0.00067065 = 14.1842 BTC [+]	[07:21]
Chaang-Noi	5k chips in the first batch is what i thought	[07:21]
arij	ok	[07:21]
arij	yea	[07:21]
Chaang-Noi	and 1 chip is like 3 ghs or someting small	[07:21]
arij	im in that first batch :D	[07:21]
Chaang-Noi	it takes like 20 chips to make the 60 ghs thing	[07:21]
arij	are you sure?	[07:21]
arij	i thought it was 8	[07:21]
ThickAsThieves	not 20	[07:22]
Chaang-Noi	might be 8,	[07:22]
ThickAsThieves	i think more like 8	[07:22]
Chaang-Noi	but still some orders are huge...	[07:22]
Chaang-Noi	i kinda expect only under #2000 to get filled, if that	[07:22]
arij	na	[07:22]
Chaang-Noi	i only expect 250 orders to get filled	[07:23]
arij	250 orders=250 singles?	[07:23]
Chaang-Noi	250 is an average of 20 chips per order	[07:23]
Chaang-Noi	iknow a guy who ordered 4 of the big ass ones in the first 100 orders	[07:24]
arij	i see	[07:24]
arij	well there is that 1/3 thing to	[07:24]
ThickAsThieves	someone just said BFL has 75k chips for 1st 3 batches	[07:24]
arij	whats inthe first batch	[07:24]
Chaang-Noi	that might be true, but first batch is 5k	[07:24]
arij	or is it 15k	[07:24]
Chaang-Noi	i might be wrong but i understood it to be 5k in the first batch	[07:24]
arij	hmm	[07:24]
Chaang-Noi	should have been 6k but they derped and made it 5k	[07:25]
arij	right	[07:25]
Chaang-Noi	andi heard the bfl staff is taking 105 of first batch to mine with, dont have a cource	[07:25]
Chaang-Noi	source	[07:25]
arij	ok	[07:26]
arij	way to crush my dreams	[07:26]
ThickAsThieves	they have 11 wafers in hand	[07:27]
ThickAsThieves	rest on order	[07:27]
arij	each wafer= how many chips?	[07:27]
arij	please say 5k	[07:27]
ThickAsThieves	1000	[07:27]
arij	:)	[07:27]
arij	ok	[07:27]
arij	11k chips	[07:27]
ThickAsThieves	this is all from shoutbox	[07:27]
ThickAsThieves	so unofficial	[07:27]
arij	thats fine	[07:27]
arij	with 11k chips	[07:28]
arij	ill be in the first batch	[07:28]
arij	i know it :)	[07:28]
Chaang-Noi	that is if they ever ship:)	[07:29]
ThickAsThieves	https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post20942	[07:29]
arij	they wil	[07:30]
arij	at this point	[07:30]
taub	oh, and back at 92 we are	[07:31]
arij	they cant keep going	[07:31]
arij	if its all fake	[07:31]
Chaang-Noi	back at 92?	[07:32]
taub	well almost it snapped back to 92 after the big downmove	[07:33]
Chaang-Noi	yeah, that sell off did no harm	[07:33]
ThickAsThieves	this is when the buying started again the past few days	[07:33]
ThickAsThieves	this hour i mean	[07:34]
Chaang-Noi	early in europe	[07:34]
Chaang-Noi	gave my wife 370 btc today, will be fun to see how she does with them	[07:36]
arij	O_O	[07:36]
arij	adopt me	[07:36]
*	error4733 has quit (Quit: HydraIRC -> http://www.hydrairc.com <- The professional IRC Client :D)	[07:37]
Chaang-Noi	lol are you a hot asian girl?	[07:38]
arij	no :(	[07:38]
Chaang-Noi	sorry:)	[07:38]
assbot	[MPEX] [S.MPOE] 6150 @ 0.00067065 = 4.1245 BTC [+]	[07:41]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.849979 = 8.4998 BTC [-]	[07:42]
Chaang-Noi	i likethat AM price	[07:43]
Chaang-Noi	glad i got more at .7	[07:43]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00067858 = 3.3929 BTC [+]	[07:44]
assbot	[BTCTC] [COGNITIVE] 1 @ 0.13479 BTC [+]	[07:46]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.849979 BTC [-]	[07:46]
assbot	[BTCTC] [ASICMINER-PT] 2 @ 0.8 = 1.6 BTC [-]	[07:46]
Chaang-Noi	$10 for 46 ghs decent?	[07:47]
assbot	[BTCTC] [BTC-BOND] 41 @ 0.009994 = 0.4098 BTC [+]	[07:47]
arij	where can you get 46gh for $10	[07:47]
Chaang-Noi	fuck i mean mhs	[07:47]
arij	oh	[07:47]
Namworld	Seems expensive	[07:48]
Chaang-Noi	so that is like 1000 then for 46 mhs	[07:48]
Chaang-Noi	i mean ghs	[07:48]
arij	could be worst....	[07:48]
Chaang-Noi	or is ti $10,000 ?>	[07:48]
Namworld	10 000	[07:48]
arij	nvm	[07:48]
arij	cant be worst	[07:48]
Namworld	1k x 10$	[07:48]
Namworld	nay?	[07:48]
Chaang-Noi	yeah... but $10,000 for in hand 64 gh/s now ... hmmm	[07:49]
arij	46...	[07:49]
arij	or 64 ?	[07:49]
arij	you said both	[07:49]
Chaang-Noi	46, oh man, i need coffee	[07:49]
arij	lol	[07:49]
Chaang-Noi	my minds is all over the place, doingto much at one time	[07:50]
Chaang-Noi	at current difficulty i would break even at 1 month	[07:50]
Chaang-Noi	at 10x that difficutly it would take 10 months	[07:51]
Chaang-Noi	so it seems like a fair price no?	[07:51]
arij	in hand.. like right now?	[07:51]
arij	right right now	[07:51]
Chaang-Noi	like first bfl to ship	[07:51]
Chaang-Noi	btw 92 on btc again	[07:52]
arij	its either 30gh/s or 60gh/s then	[07:52]
arij	i think	[07:52]
Chaang-Noi	its a share of a club	[07:52]
arij	ah	[07:52]
Chaang-Noi	they have like the 15th order and its a big one	[07:52]
arij	it could work.. kind of risky imo	[07:53]
arij	the diff is going to go up fast i think	[07:53]
Chaang-Noi	think the average will be up 1000% or less in the next 10 months?	[07:54]
arij	i dont know	[07:54]
Chaang-Noi	yeah, im going to buy but im not going all in :)	[07:54]
arij	maybe i can get in on it?.. can you make it happen ;)	[07:55]
Chaang-Noi	im buying the olny slot for sale, sorry man	[07:55]
arij	bummer	[07:55]
Chaang-Noi	its an old guy who needs cash now so has to sell it	[07:55]
Chaang-Noi	not old, i mean one of the first guys who ordered like a year ago	[07:56]
arij	kool	[07:56]
*	Smoovious has quit (Ping timeout: 248 seconds)	[07:58]
*	Smoovious (~imp586@75-12-89-18.lightspeed.wyngmi.sbcglobal.net) has joined #bitcoin-assets	[07:58]
ThickAsThieves	;;goxlag	[08:01]
gribble	0 seconds	[08:01]
ThickAsThieves	;;ticker	[08:01]
gribble	BTCUSD ticker \| Best bid: 90.96000, Best ask: 91.50000, Bid-ask spread: 0.54000, Last trade: 90.96000, 24 hour volume: 158643.07292808, 24 hour low: 75.00111, 24 hour high: 95.70000, 24 hour vwap: 87.24783	[08:01]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[08:02]
Chaang-Noi	toffoo where are they traded if not butfunder?	[08:07]
toffoo	not traded at the moment, like gigavps .. old GLBSE holdover	[08:07]
Chaang-Noi	boo, i cant buy anything lol	[08:08]
toffoo	looking to get long hash bonds right before the difficulty spike?!?	[08:10]
Chaang-Noi	hmmm i forget they are bonds	[08:14]
Chaang-Noi	i thought i was buying into a company	[08:14]
Chaang-Noi	i dont want bonds...	[08:14]
Chaang-Noi	thanks for reminding me before i did something stupid	[08:14]
Chaang-Noi	but even so, at the right price, its good	[08:15]
bgupta	http://www.theatlanticwire.com/business/2013/03/bitcoin-now-billion-dollar-industry/63667/	[08:15]
bgupta	and	[08:16]
bgupta	http://news.cnet.com/8301-1023_3-57576928-93/bitcoin-hits-record-exchange-values-with-cyprus-banking-crisis/	[08:16]
Chaang-Noi	nice	[08:16]
Chaang-Noi	bought my wife a nice blue saphire ring cuz btc went ovber the 1 billion mark yesterday:)	[08:17]
assbot	[MPEX] [S.MPOE] 4050 @ 0.00067858 = 2.7482 BTC [+]	[08:20]
assbot	[MPEX] [S.MPOE] 18600 @ 0.00066551 = 12.3785 BTC [-]	[08:20]
assbot	[MPEX] [S.MPOE] 10089 @ 0.00066265 = 6.6855 BTC [-]	[08:20]
*	Now talking on #bitcoin-assets	[14:24]
*	Topic for #bitcoin-assets is: http://bitcoin-assets.com/	[14:24]
*	Topic for #bitcoin-assets set by kakobrekla!~kako@unaffiliated/kakobrekla at Wed Mar 13 14:15:50 2013	[14:24]
mircea_popescu	gooood mornin'	[14:24]
ThickAsThieves	Mornin!	[14:25]
assbot	[MPEX] [S.DICE] 1373 @ 0.00375993 = 5.1624 BTC [-]	[14:28]
mircea_popescu	http://hat4uk.wordpress.com/2013/03/29/smoke-signals-special-eurogroup-will-stop-capital-flight-now/	[14:28]
mircea_popescu	this is pretty interesting, the santander stuff.	[14:28]
mircea_popescu	’1 b) Your Money	[14:29]
mircea_popescu	Any money held for you in an account with Santander UK plc will be held in its capacity as a bank and not as a trustee. In accordance with FSA requirements we areobliged to notify you that the client money rules on money do notapply to a Banking Consolidation Directive (BCD) in relation to deposits within the meaning of the BCD held by that institution. As a result, the money will not be held within the client money r	[14:29]
mircea_popescu	ules of the FSA.’	[14:29]
assbot	[BTCTC] [GSDPT] 16 @ 0.004 = 0.064 BTC [-]	[14:29]
Namworld	ok... this whole thing is getting ridiculous...	[14:31]
ThickAsThieves	a little over my head, out of my country, but are they simply saying "fyi, your money ain't really safe"	[14:32]
mircea_popescu	that's one word for it.	[14:32]
mircea_popescu	ThickAsThieves pretty much.	[14:32]
mircea_popescu	the euro is coming undone.	[14:32]
ThickAsThieves	were you against the euro/zone concept?	[14:32]
mircea_popescu	nope	[14:33]
ThickAsThieves	i thought it was a neat idea, but didnt really follow the details at all	[14:35]
ThickAsThieves	shit certainly seems to hitting the fan though	[14:35]
mircea_popescu	i thought it was pretty much a sensible move, back then	[14:36]
ThickAsThieves	what would happen if bitcoin really became a MAJOR safe haven for money in a short time, and then somehow, all bitcoins disappeared and/or the blockchain became irreparablely corrupted? I guess fiat would skyrocket in value?	[14:37]
mircea_popescu	nah	[14:37]
mircea_popescu	see, thing is : bitcoin's value was pretty huge compared to fiat (all fiat together)	[14:37]
mircea_popescu	consequently, as fiat's shortcomings become apparent bitcoin's price skyrockets.	[14:38]
mircea_popescu	conversely, fiat has absolutely no value. consequently, as bitcoin's shortcomings bercome apparent there's nothing pushing the price up.	[14:38]
mircea_popescu	obviously if you stick to valuing things in bitcoin they'll increase apparently, but only because bitcoin itself is going down	[14:39]
ThickAsThieves	and if bitcoin disappeared and zapped billions in $ away?	[14:39]
*	damientrog (~dtrog@109.130.49.223) has joined #bitcoin-assets	[14:41]
mircea_popescu	there'd be a lot of depression.	[14:41]
mircea_popescu	people like me, who are currently productively employed, would jsut go fuck this and retire to private life	[14:41]
mircea_popescu	on the net this'll make for some sexually satisfied women and a general slowdown of economic activity.	[14:42]
ThickAsThieves	and fiat holders saying nya nya told you so	[14:42]
mircea_popescu	ya but who cares about that ?	[14:42]
ThickAsThieves	just bring it home to my first statement	[14:43]
ThickAsThieves	bringing	[14:43]
ThickAsThieves	" I guess fiat would skyrocket in value?"	[14:43]
mircea_popescu	it's like the chickens on the conveyor belt telling the chickens attempting to escape that "they can't"	[14:43]
mircea_popescu	and then going nya nya. dude... you're STILL on the conveyor belt	[14:43]
mircea_popescu	see you at kfc.	[14:43]
ThickAsThieves	hehe	[14:43]
*	saulimus has quit (Read error: Connection reset by peer)	[14:44]
ThickAsThieves	it's an interesting notion if you think of bitcoin as an ultimate anarchistic plot to reset the economy	[14:44]
ThickAsThieves	get em all in	[14:44]
ThickAsThieves	hit reset	[14:44]
ThickAsThieves	now let's begin	[14:44]
mircea_popescu	i don't think how it really works tho.	[14:44]
mircea_popescu	i mean... this makes for good action flicks, because a rule of storytelling is to concentrate attention	[14:45]
ThickAsThieves	probly not	[14:45]
assbot	[BTCTC] [PAJKA.BOND] 1 @ 0.1074 BTC [-]	[14:45]
mircea_popescu	and a big red button does that well.	[14:45]
mircea_popescu	however, it's not how reality works.	[14:45]
ThickAsThieves	thats is indeed how i pictured it	[14:45]
ThickAsThieves	as a movie plot	[14:45]
*	copumpkin has quit (Ping timeout: 240 seconds)	[14:45]
*	copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets	[14:46]
ThickAsThieves	people do love the fantasy of living in post-apocalyptic situations	[14:46]
mircea_popescu	yeah, as a fantasy im sure its great.	[14:46]
mircea_popescu	if they indeed wanted to do it tho, they'd have went to haiti after the quake	[14:46]
Namworld	Well after a month of good trades, it's time for me to go. I'll be retiring for the weekend to visit family as well as friends.	[14:47]
mircea_popescu	to tokyo after the tsunami	[14:47]
mircea_popescu	and in general, plenty of places to go nobody's going	[14:47]
ThickAsThieves	hf Nam	[14:47]
Namworld	Goodbye!	[14:47]
mircea_popescu	laters	[14:47]
*	Namworld has quit ()	[14:47]
ThickAsThieves	i think the fantasy isnt the same as that tho	[14:47]
ThickAsThieves	it's more of being a wayfarer in an unknown world	[14:48]
mircea_popescu	that ideally has internet for your ipad.	[14:48]
ThickAsThieves	hehe	[14:48]
mircea_popescu	they don;'t dop that, either.	[14:48]
mircea_popescu	look at people like tiberiusiv, ranting about how bad the world is. there's about one million towns on the globe nobody's heard of	[14:48]
mircea_popescu	and yet very few people are wayfaring.	[14:49]
ThickAsThieves	tahts what i was just gonna say	[14:49]
mircea_popescu	i met a few when i was doing that myself, so it's certainly not "nobody"	[14:49]
ThickAsThieves	dont need apocalypse	[14:49]
ThickAsThieves	just move to asia	[14:49]
mircea_popescu	but it IS a superminority.	[14:49]
ThickAsThieves	without preparing	[14:49]
ThickAsThieves	or such	[14:49]
assbot	[MPEX] [S.MPOE] 1163 @ 0.00067486 = 0.7849 BTC [-]	[14:53]
assbot	[MPEX] [S.MPOE] 28814 @ 0.00066629 = 19.1985 BTC [-]	[14:53]
*	KRS-1 (~chris@38.103.148.98) has joined #bitcoin-assets	[14:56]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.848 BTC [-]	[14:58]
pizzaman1337	hey guys, you want to hear a joke?	[15:01]
pizzaman1337	banks	[15:01]
pizzaman1337	ha	[15:01]
mircea_popescu	lol	[15:03]
Chaang-Noi	lol	[15:04]
*	pigeons has quit (Ping timeout: 264 seconds)	[15:04]
Chaang-Noi	http://www.classiccarclubphuket.com/JoeSales/Porsche997Turbo.html why the fuck is this care being sold at $350,000 usd?	[15:04]
Chaang-Noi	its like a $70k at best ?	[15:04]
assbot	[BTCTC] [S.DICE-PT] 1 @ 0.00411 BTC [-]	[15:09]
assbot	[BTCTC] [S.DICE-PT] 20 @ 0.0041 = 0.082 BTC [-]	[15:09]
assbot	[BTCTC] [S.DICE-PT] 84 @ 0.00405 = 0.3402 BTC [-]	[15:09]
assbot	[BTCTC] [S.DICE-PT] 25 @ 0.004 = 0.1 BTC [-]	[15:09]
*	saulimus (~someone@37-219-83-164.nat.bb.dnainternet.fi) has joined #bitcoin-assets	[15:11]
Chaang-Noi	weekend dip starting early?	[15:21]
jurov	Chaang-Noi: wat? you expect second round?	[15:24]
assbot	[MPEX] [S.MPOE] 8100 @ 0.00067582 = 5.4741 BTC [+]	[15:24]
ThickAsThieves	;;ticker	[15:26]
gribble	BTCUSD ticker \| Best bid: 88.97000, Best ask: 89.00000, Bid-ask spread: 0.03000, Last trade: 89.00000, 24 hour volume: 150244.81237909, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73526	[15:26]
assbot	[MPEX] [S.MPOE] 7383 @ 0.00066629 = 4.9192 BTC [-]	[15:26]
Chaang-Noi	jurov i think some day traders are getting out of it for the long weekend	[15:29]
Chaang-Noi	i think it will be bumpy	[15:29]
Chaang-Noi	i kinda expect next tuesday to smash the 100 assuming we dont massivly correct before then	[15:29]
Chaang-Noi	but really, its just guesses	[15:30]
jurov	;;bc,stats	[15:31]
gribble	Current Blocks: 228588 \| Current Difficulty: 6695826.282596251 \| Next Difficulty At Block: 229823 \| Next Difficulty In: 1235 blocks \| Next Difficulty In About: 6 days, 19 hours, 45 minutes, and 24 seconds \| Next Difficulty Estimate: 7174798.69072 \| Estimated Percent Change: 7.1533	[15:31]
mircea_popescu	so basically you expect it to go up unless it goes down ?	[15:32]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.847 BTC [-]	[15:32]
jurov	it also depends how many unexercised mpoe calls are there..having potential to flood market with cash	[15:33]
jurov	toonight	[15:33]
mircea_popescu	i keep being the bad news of the rally ;/	[15:34]
jurov	haha now i seriously consider to pay deprived to make me such analysis	[15:35]
*	tiberiusiv (~tiberiusi@gateway/tor-sasl/tiberiusiv) has joined #bitcoin-assets	[15:35]
Chaang-Noi	mp i kind think it will go up after it goes down, as long as the down is not too far down	[15:36]
jurov	oh noes, tibby. getting afk to prevent another wasted afternoon xD	[15:36]
Chaang-Noi	if we go under 75 who knowz	[15:36]
*	Salna has quit (Read error: Connection reset by peer)	[15:39]
mircea_popescu	yeah... it just sounds funny	[15:40]
assbot	[MPEX] [S.MPOE] 3900 @ 0.00067582 = 2.6357 BTC [+]	[15:40]
mircea_popescu	truth of the matter is nobody has a fucking clue where we're headed.	[15:40]
mircea_popescu	which is exciting, i grant you that.	[15:40]
Chaang-Noi	yeah, i said i was guessing, just what my gut tells me what will happen :/	[15:40]
Chaang-Noi	it is more often than not correct (assuming im not trading)	[15:40]
Chaang-Noi	tiberslav!	[15:41]
Chaang-Noi	howz my fav nigerian?	[15:41]
bitesak	;;ticker	[15:46]
gribble	BTCUSD ticker \| Best bid: 88.81000, Best ask: 89.70000, Bid-ask spread: 0.89000, Last trade: 89.80000, 24 hour volume: 154276.06858765, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73206	[15:46]
thestringpuller	!ticker m s.mpoe	[15:47]
assbot	[MPEX:S.MPOE] 1D: 0.0006 / 0.00065732 / 0.00068166 (466403 shares, 306.58 BTC), 7D: 0.0006 / 0.00066258 / 0.00071369 (2014556 shares, 1,334.81 BTC), 30D: 0.0006 / 0.00073358 / 0.00078628 (17129444 shares, 12,565.98 BTC)	[15:47]
assbot	[MPEX] [S.MPOE] 6550 @ 0.00067705 = 4.4347 BTC [+]	[15:48]
assbot	[MPEX] [S.MPOE] 16299 @ 0.00066629 = 10.8599 BTC [-]	[15:48]
assbot	[MPEX] [S.MPOE] 5300 @ 0.00066291 = 3.5134 BTC [-]	[15:48]
assbot	[MPEX] [S.MPOE] 5370 @ 0.00066265 = 3.5584 BTC [-]	[15:48]
thestringpuller	nice	[15:49]
assbot	[BTCTC] [B.YABMC] 1 @ 0.0075 BTC [+]	[15:50]
thestringpuller	;;ticker	[15:50]
gribble	BTCUSD ticker \| Best bid: 88.90001, Best ask: 88.91605, Bid-ask spread: 0.01604, Last trade: 88.90001, 24 hour volume: 154552.79615475, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73328	[15:50]
thestringpuller	!ticker h him	[15:52]
assbot	[HAVELOCK:HIM] 1D: 1.80000000 / 1.88799 / 1.92000000 (10 shares, 18.87990000 BTC), 7D: 1.41000000 / 1.72409607 / 2.00000000 (178 shares, 306.88910091 BTC), 30D: 1.40000000 / 1.86591584 / 17.25000000 (704 shares, 1313.60475269 BTC)	[15:52]
thestringpuller	;;seen smickles	[16:03]
gribble	smickles was last seen in #bitcoin-assets 9 hours, 36 minutes, and 14 seconds ago: you can look forward to stuff like that	[16:03]
*	Bugpowder (~Bugpowder@pool-71-171-106-2.clppva.fios.verizon.net) has joined #bitcoin-assets	[16:06]
*	leotablet has quit (Read error: Connection reset by peer)	[16:07]
mircea_popescu	https://bitcointalk.org/index.php?topic=101902.msg1698822#msg1698822	[16:11]
mircea_popescu	kinda interesting conversation going.	[16:11]
assbot	[HAVELOCK] [SDICE] 10 @ 0.4599999 = 4.6 BTC [-]	[16:12]
ThickAsThieves	that guy is saying what we're all thinking	[16:12]
ThickAsThieves	would be nice if evoorhees, yknow, grew his business	[16:13]
assbot	[MPEX] [S.DICE] 4098 @ 0.00419993 = 17.2113 BTC [+]	[16:13]
assbot	[MPEX] [S.DICE] 1202 @ 0.00419995 = 5.0483 BTC [+]	[16:13]
ThickAsThieves	http://www.pcworld.com/article/2032420/major-bitcoin-exchange-slammed-with-denial-of-service-attack-as-the-currency-surges.html	[16:16]
mircea_popescu	lol	[16:17]
mircea_popescu	they didn't cover mpex being ddosed	[16:17]
mircea_popescu	they are covering mtgox.	[16:17]
mircea_popescu	i guess it's difficult to figure out what's important as a journalist.	[16:18]
Chaang-Noi	that is what the said about eminum	[16:19]
jcpham	http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven	[16:20]
*	saulimus has quit (Read error: Connection reset by peer)	[16:20]
*	Bugpowder has quit (Ping timeout: 258 seconds)	[16:20]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.8 = 8 BTC [-]	[16:20]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.795 BTC [-]	[16:20]
assbot	[BTCTC] [CRYPTO-TRADE] 14 @ 0.19997 = 2.7996 BTC [+]	[16:21]
*	mircea_popescu is now known as the real slim shady	[16:22]
thestringpuller	mircea_popescu is romanian, he cant rap	[16:22]
mircea_popescu	i can rap yo!	[16:23]
jcpham	http://youtu.be/OMAI-OIxLPo	[16:23]
mircea_popescu	let me show you romanians raping	[16:23]
jcpham	no rape	[16:23]
jcpham	just say no to rape mircea_popescu	[16:23]
assbot	[BTCTC] [CRYPTO-TRADE] 50 @ 0.2 = 10 BTC [+]	[16:23]
mircea_popescu	http://www.youtube.com/watch?v=I-yc10V8hB4	[16:23]
mircea_popescu	is rape like electronic rap ?	[16:24]
ThickAsThieves	e-rap	[16:24]
ThickAsThieves	hehe	[16:24]
ThickAsThieves	the beat os okay so far	[16:24]
ThickAsThieves	is	[16:24]
ThickAsThieves	meh rapper sucks	[16:24]
Chaang-Noi	nachos not hot enough, beer not cold enough.. grr	[16:25]
mircea_popescu	this is like, romania's #1 (and pretty much only) rap band	[16:25]
mircea_popescu	they've been going since 1992	[16:25]
mircea_popescu	in other words, i recall them since they were wee famished tykes.	[16:26]
thestringpuller	;;ticker	[16:26]
ThickAsThieves	here's some cool rap http://www.youtube.com/watch?v=6lIqNjC1RKU	[16:26]
gribble	BTCUSD ticker \| Best bid: 89.70000, Best ask: 90.20000, Bid-ask spread: 0.50000, Last trade: 89.70000, 24 hour volume: 155011.66271357, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.70834	[16:26]
mircea_popescu	http://polimedia.us/trilema/2010/piinea-amara-a-baietasilor-de-cartier/ << that's an old pic from like 1992, back when we were all young	[16:26]
mircea_popescu	and they were all poor.	[16:26]
assbot	[MPEX] [S.MPOE] 18939 @ 0.00068158 = 12.9084 BTC [+]	[16:35]
jcpham	i knew mircea_popescu had a gangster phase	[16:38]
*	error4733 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[16:39]
error4733	!last h vtx	[16:40]
assbot	Last trade for VTX on HAVELOCK was at 0.479 BTC [+]	[16:40]
error4733	!last m s.dice	[16:40]
assbot	Last trade for S.DICE on MPEX was at 0.00419995 BTC [+]	[16:40]
error4733	;;ticker m s.dice	[16:40]
gribble	(ticker [--bid\|--ask\|--last\|--high\|--low\|--avg\|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)	[16:40]
error4733	fuuu	[16:40]
assbot	[HAVELOCK] [SDICE] 10 @ 0.459999 = 4.6 BTC [-]	[16:41]
error4733	!ticker m s.dice	[16:41]
assbot	[MPEX:S.DICE] 1D: 0.00375993 / 0.00408901 / 0.00419995 (19973 shares, 81.67 BTC), 7D: 0.0031 / 0.00338263 / 0.0045 (663485 shares, 2,244.33 BTC), 30D: 0.00300001 / 0.00454143 / 0.0063799 (1701047 shares, 7,725.20 BTC)	[16:41]
*	awkorama (~awk@195.12.158.2) has joined #bitcoin-assets	[16:44]
*	error4733 has quit (Read error: Connection reset by peer)	[16:51]
*	Guest00001 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[16:51]
Chaang-Noi	lol at turtle down the stairs	[16:52]
ThickAsThieves	;;ticker	[16:53]
gribble	BTCUSD ticker \| Best bid: 88.02000, Best ask: 88.89000, Bid-ask spread: 0.87000, Last trade: 88.00800, 24 hour volume: 156726.97399353, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.66077	[16:53]
ThickAsThieves	http://www.aljazeera.com/news/asia-pacific/2013/03/2013328222926559483.html	[16:53]
ThickAsThieves	it's like something out of cartoon, fat spoiled boy leader wants to fight	[16:54]
ThickAsThieves	how long before first shot fired you think?	[16:54]
*	copumpkin has quit (Ping timeout: 264 seconds)	[16:55]
ThickAsThieves	http://news.bbcimg.co.uk/media/images/59119000/jpg/_59119706_north_korea_ranges_2.jpg	[16:55]
OneMiner	I don't think it's going to happen. It's just too stupid for reality.	[16:55]
*	copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets	[16:56]
ThickAsThieves	i think you underestimate the stupid in a boy leader	[16:56]
OneMiner	Perhaps.	[16:56]
ThickAsThieves	this picture is surreal http://www.bbc.co.uk/news/world-asia-21974381	[16:57]
OneMiner	But even the, it's not stupidity we are talking about. That would fall under madness.	[16:57]
OneMiner	then	[16:57]
assbot	[HAVELOCK] [SDICE] 2 @ 0.465 = 0.93 BTC [+]	[16:58]
ThickAsThieves	ignorance, inexperience, bravado, what have you, the boy will seek a spanking	[16:58]
assbot	[BTCTC] [BTC-TRADING-PT] 9 @ 0.09055 = 0.815 BTC [-]	[16:58]
assbot	[BTCTC] [BTC-TRADING-PT] 1 @ 0.09 BTC [-]	[16:58]
*	robocoin (~robocoin@unaffiliated/robocoin) has joined #bitcoin-assets	[16:58]
OneMiner	It could be a good fight if it happened. That ruling family seems to be worse than all that BS in Iraq.	[17:00]
thestringpuller	;;goxlag	[17:00]
gribble	4.665253 seconds	[17:00]
thestringpuller	;;ticker	[17:00]
gribble	BTCUSD ticker \| Best bid: 88.20001, Best ask: 88.60228, Bid-ask spread: 0.40227, Last trade: 88.60228, 24 hour volume: 156712.79134942, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.64491	[17:00]
*	damientrog has quit (Quit: damientrog)	[17:00]
*	Diablo-D3 (~diablo@pool-70-16-109-241.port.east.myfairpoint.net) has joined #bitcoin-assets	[17:00]
thestringpuller	!ticker m S.MPOE	[17:01]
assbot	[MPEX:S.MPOE] 1D: 0.0006 / 0.00065885 / 0.00068166 (518861 shares, 341.85 BTC), 7D: 0.0006 / 0.00066283 / 0.00071369 (2067014 shares, 1,370.08 BTC), 30D: 0.0006 / 0.0007334 / 0.00078628 (17181902 shares, 12,601.26 BTC)	[17:01]
ThickAsThieves	http://www.buzzfeed.com/daves4/undeniable-proof-that-the-walking-dead-and-toy-story-have-th	[17:02]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.78 = 2.34 BTC [-]	[17:04]
mircea_popescu	OneMiner nothing ever is too stupid for reality.	[17:05]
mircea_popescu	falklands comes to mind.	[17:05]
Diablo-D3	no, falklands really is too stupid for reality	[17:06]
OneMiner	That was a supprise attack. They thought they had time. They could have walked back or negotiated. But Brittish attack craft had longer range than they thought.	[17:06]
mircea_popescu	the brits nearly got sunk as a 1st world military power, are you kidding me ?	[17:07]
mircea_popescu	nobody walked out of that.	[17:07]
mircea_popescu	everyone crawled out	[17:07]
Chaang-Noi	england first world?	[17:08]
OneMiner	Everybody knows that the US will bomb the poop out of just about anybody. Also the US is allied with like, half the world.	[17:08]
Chaang-Noi	i guess maybe by european standards :/	[17:08]
Diablo-D3	did he just say england is a first world country?	[17:08]
Diablo-D3	lol	[17:08]
*	Diablo-D3 points at a nation full of chavs	[17:08]
Diablo-D3	that aint no dare first world country	[17:08]
Chaang-Noi	and their military? lol	[17:09]
Chaang-Noi	even the germans do better	[17:09]
OneMiner	The Germans do everything better. j/k	[17:10]
mircea_popescu	german chocolate sucks	[17:10]
ThickAsThieves	;;nethash	[17:11]
gribble	54791.9922646	[17:11]
ThickAsThieves	its back	[17:11]
Diablo-D3	https://bitcointalk.org/index.php?topic=77198.msg1697445#msg1697445	[17:11]
OneMiner	Black Forest cake is great.	[17:11]
ThickAsThieves	;;estimate	[17:11]
gribble	Next difficulty estimate \| 7232519.52401 based on data since last change \| 7654236.09946 based on data for last three days	[17:11]
*	Diablo-D3 neither eats chocolate nor cake	[17:11]
mircea_popescu	https://bitcointalk.org/index.php?topic=153138.0;all	[17:12]
mircea_popescu	this shit's so funny	[17:12]
OneMiner	Diablo-D3 drinks only distilled water, or rainwater, and only pure-grain alcohol.	[17:12]
mircea_popescu	https://bitcointalk.org/index.php?topic=153138.msg1698753#msg1698753 << there you go copumpkin. your fractional shares!	[17:13]
Diablo-D3	dont drink alchohol either	[17:14]
*	bowjob (4b9d1e75@gateway/web/freenode/ip.75.157.30.117) has joined #bitcoin-assets	[17:16]
OneMiner	No getting tipsy? Huff glue?	[17:16]
OneMiner	j/k!	[17:17]
mircea_popescu	so bfl forum is down	[17:19]
mircea_popescu	https://twitter.com/BFL_News independent twitter stream doesn't look promising.	[17:19]
mircea_popescu	bfl's "your good friend tom with blood sweat and tears" moment ?	[17:20]
OneMiner	Seen this? https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post20942	[17:20]
OneMiner	That looks like it's up for me.	[17:20]
*	Bugpowder (cef100f9@gateway/web/freenode/ip.206.241.0.249) has joined #bitcoin-assets	[17:20]
OneMiner	I'll pastebin it if you want.	[17:20]
*	foooooooo (42100d2e@gateway/web/freenode/ip.66.16.13.46) has joined #bitcoin-assets	[17:21]
bowjob	delay	[17:21]
*	Bugpowder is now known as Guest74398	[17:21]
*	Guest74398 is now known as bugpowderr	[17:21]
mircea_popescu	a now it loaded	[17:21]
*	mircea_popescu reads	[17:21]
assbot	[BTCTC] [BASIC-MINING] 5 @ 0.369999 = 1.85 BTC [-]	[17:21]
mircea_popescu	"If you'd rather have your units shipped regardless of increased power usage, we will still guarantee your hashrate by shipping you however many units are required to achieve your purchased hashrate."	[17:22]
*	Ukto (~Kami-Sama@99-30-79-193.lightspeed.rcsntx.sbcglobal.net) has joined #bitcoin-assets	[17:22]
mircea_popescu	hm	[17:22]
mircea_popescu	there's something i don't understand here.	[17:22]
mircea_popescu	they took pre-orders. then they made units.	[17:22]
OneMiner	Ya, sounds like their chips are crap compared to their claims.	[17:22]
mircea_popescu	now they have to throtle units... and yet they can still deliver the same hash ?	[17:22]
mircea_popescu	how does the math of this work ?	[17:22]
mircea_popescu	you order 100 cows from me. i discover the cows i have only carry one teat	[17:22]
bowjob	blck magic	[17:23]
mircea_popescu	but i tell you if you want 400 teats with your 100 cows i'll send you 400 cows	[17:23]
mircea_popescu	well... where do i have 400 cows from ?!	[17:23]
bowjob	a wizard did it	[17:23]
mircea_popescu	ic	[17:23]
OneMiner	No, they are saying that they get worse H/j now and you can wait for the claimed H/j revised unit.	[17:23]
*	Ukto has quit (Disconnected by services)	[17:23]
*	Ukyo (~Kami-Sama@99-30-79-193.lightspeed.rcsntx.sbcglobal.net) has joined #bitcoin-assets	[17:23]
*	Ukyo is now known as Ukto	[17:23]
mircea_popescu	OneMiner but they ALSO say that if you want delivery now they will deliver your hash	[17:23]
mircea_popescu	with throttled units.	[17:23]
Diablo-D3	heh wouldnt that be interesting	[17:24]
OneMiner	At a higher power consumption per hash. Yes, that's how I read it too.	[17:24]
Diablo-D3	sell intentionally throttled units	[17:24]
mircea_popescu	right but where from ?	[17:24]
Diablo-D3	and then keep selling the same units over and over	[17:24]
mircea_popescu	they sold 500 units at 80 gh say	[17:24]
Diablo-D3	just changing the firmware out with one that clocks it higher	[17:24]
mircea_popescu	now they can only deliver 40 gh	[17:24]
mircea_popescu	but they will deliver 1000 units to conserve hash	[17:24]
mircea_popescu	well... where's the other units come from	[17:24]
gwillen	mircea_popescu: I don't understand your question	[17:24]
gwillen	mircea_popescu: they are manufacturing them	[17:24]
bugpowderr	They reduce the number of chips per unit	[17:24]
gwillen	mircea_popescu: they didn't like, manufacture 1000 and then stop	[17:24]
bugpowderr	and ship more units	[17:25]
gwillen	mircea_popescu: they will be forced to manufacture more units than they thought	[17:25]
mircea_popescu	gwillen but they DID manufacture a finite amount	[17:25]
OneMiner	It's not a money maker. They send more units to fill one order. They screwed up the chips or the board.	[17:25]
mircea_popescu	if we go with the theory that they're not just halucianting the entire episode.	[17:25]
bugpowderr	I imagine the chips are the limiting factor	[17:25]
gwillen	mircea_popescu: they do not currently have anywhere near the number of chips required to fulfill all preorders	[17:25]
bugpowderr	each box can only supply 120W	[17:25]
gwillen	mircea_popescu: they are still making more	[17:25]
mircea_popescu	hm	[17:25]
mircea_popescu	with what money are they making more ?	[17:25]
gwillen	mircea_popescu: this just means they will fulfill fewer than we thought	[17:25]
Chaang-Noi	even though i now have bought a bfl 60 ghs i think this mess is lulz	[17:25]
gwillen	mircea_popescu: errr, with the fucktons and fucktons of preorder money?	[17:26]
mircea_popescu	...	[17:26]
mircea_popescu	either i'm the only one with a calculator on my os or else wtf is going on here.	[17:26]
bugpowderr	ponzi	[17:26]
OneMiner	mircea_popescu People sent them (and are still sending them) bajillions of bitcoins. If they kept any that's where the money comes from.	[17:26]
gwillen	mircea_popescu: I don't know what you're calculating from	[17:26]
Chaang-Noi	getting one of the first shipped, even at 40 ghs will still be hella good	[17:26]
mircea_popescu	OneMiner my intel says people sent them a lot of btc back when, and that people have not been sending more	[17:26]
gwillen	mircea_popescu: unless you have inside knowledge about BFL's costs that you should share with the rest of us	[17:26]
mircea_popescu	and moreover that people have on the net been cancelling	[17:26]
mircea_popescu	but that's irrelevant.	[17:27]
thestringpuller	;;ticker	[17:27]
gribble	BTCUSD ticker \| Best bid: 88.70001, Best ask: 88.97000, Bid-ask spread: 0.26999, Last trade: 88.99000, 24 hour volume: 156606.63389529, 24 hour low: 75.00111, 24 hour high: 94.75000, 24 hour vwap: 86.60949	[17:27]
mircea_popescu	from whatever i can foggily remember about managing ops, if you start a project to do X and you do X/2	[17:27]
mircea_popescu	you can't just make another X	[17:27]
OneMiner	mircea_popescu Hence their scramble I guess. But they made the chips one way or the other so the large initial expense is done with. It will likely cost them less to produce a revised board.	[17:27]
Chaang-Noi	they did with fpga	[17:27]
mircea_popescu	OneMiner ok, it will cost less. this i agree	[17:28]
mircea_popescu	but it will cost SOMETHING	[17:28]
OneMiner	I agree.	[17:28]
gwillen	mircea_popescu: ok, show us your math that says they already spent all the money, then	[17:28]
mircea_popescu	you can't just go "we're doing X item with Y resources"	[17:28]
mircea_popescu	then later "well now we're doing 2X really"	[17:28]
mircea_popescu	gwillen more importantly than the money, they will have to get people to pre-order 2nd batch units	[17:29]
mircea_popescu	to use that money to complete 1st batch.	[17:29]
mircea_popescu	much like everyone else i guess, but anyway, still pretty fucking fraudulent.	[17:29]
Chaang-Noi	bfl is so shady, its lol	[17:29]
assbot	[HAVELOCK] [HIM] 4 @ 1.81 = 7.24 BTC [-]	[17:30]
mircea_popescu	i mean this is literally what a ponzi is ;	[17:30]
mircea_popescu	get people to put up equity (which you call pre-orders) to deliver benefits to ppl who put up equity earlier	[17:30]
gwillen	mircea_popescu: as far as I know they are not dividing anything into batches, they are just taking preorders continuously	[17:30]
mircea_popescu	gwillen this isn't about bfl fantasy-labeling of real world items	[17:30]
mircea_popescu	this is about the underlying reality.	[17:30]
mircea_popescu	there's no flux-process chip making	[17:31]
mircea_popescu	chips are made in batches.	[17:31]
gwillen	well, they were talking about an order of like 6 wafers	[17:31]
gwillen	which is nowhere near enough for all the preorders that existed even at the time they said it	[17:31]
gwillen	so clearly there are going to be more	[17:31]
gwillen	fuck if I know how many more they ordered	[17:31]
mircea_popescu	moreover, fo the 6 they burned one, so 5.	[17:31]
assbot	[HAVELOCK] [HIM] 3 @ 1.8 = 5.4 BTC [-]	[17:32]
assbot	[HAVELOCK] [HIM] 4 @ 1.8 = 7.2 BTC [-]	[17:32]
mircea_popescu	and of the 5 they're not really getting 100%, and the chips dont work to spec.	[17:32]
mircea_popescu	so... 3 ?	[17:32]
bugpowderr	BFL is totally fucked	[17:32]
bugpowderr	bottom line	[17:32]
bugpowderr	their business model is broken	[17:32]
mircea_popescu	i can't see a future where they dig themselves out of the hole.	[17:32]
bugpowderr	they tried to assemble the plane from parts after they jumped off the cliff	[17:33]
bugpowderr	and the ground is coming up fast	[17:33]
mircea_popescu	bugpowderr ya but it was a plastic model and they had no glue.	[17:33]
bugpowderr	and the parts dont work	[17:33]
bugpowderr	yeah	[17:33]
bugpowderr	they are totally fucked	[17:33]
mircea_popescu	somebody brought me whole hazelnuts	[17:33]
mircea_popescu	i have been using various items on my desk to crack them	[17:33]
thestringpuller	bugpowderr: what is your next bet?	[17:33]
mircea_popescu	people keep wandering in concerned to see wtf am i thrashing into the ground	[17:34]
bugpowderr	I am just going to sit tight for a while	[17:34]
*	tiberiusiv has quit (Ping timeout: 276 seconds)	[17:34]
assbot	[BTCTC] [B.YABMC] 1 @ 0.00701 BTC [-]	[17:34]
bugpowderr	Let those coins season till the next great opportunity comes	[17:34]
bugpowderr	shorting BFL would be wonderful though	[17:34]
mircea_popescu	bugpowderr they're aptly not listed	[17:34]
OneMiner	The truth of the matter is they ether didn't know what they were talking about or were lying about their time table and now it turns out that the same goes for their chip and board production. They are EITHER (choose one) lying or incompetent.	[17:34]
bugpowderr	yep	[17:34]
mircea_popescu	OneMiner im totally seeing a replay of tom's basic here tbh.	[17:35]
OneMiner	Maybe a bit of both.....	[17:35]
OneMiner	Tom's basic? Is Tom the guy that was doing bASIC?	[17:35]
bugpowderr	thank god their are other semi-competent manufacturers. I think bitcoin won't actually be much affected by it	[17:35]
mircea_popescu	yes.	[17:35]
mircea_popescu	bugpowderr i dunno about that. the only ppl to demonstrate asic hashing are both chinese	[17:36]
OneMiner	I see. Ok, I can agree with that then. It's lol if it wasn't so destructive.	[17:36]
mircea_popescu	the only people to demonstrate fuckuppery of incredible level are both american	[17:36]
mircea_popescu	this pattern is starting to worry.	[17:36]
pgp	dumb question, but with the recent explosion in the network hash rate doesn't being forced to wait for bfl's product make it less valuable by the time you actually recieve it? Or does the rise of USD/BTC from the time of preorder to delivery make up for that? or is it a wash?	[17:36]
mircea_popescu	o, and all europe has contributed to date is scams	[17:36]
bugpowderr	there is a reason APPLE is assembled in china	[17:36]
mircea_popescu	(the german folks recently, the primeasic earlier etc)	[17:36]
mircea_popescu	pgp it does make it less valuable yes	[17:36]
bugpowderr	exchange rate could rise in the future	[17:37]
OneMiner	pgp You're on the right track but it's up to you to decide.	[17:37]
bugpowderr	you will never make up for the missing coins from the lost opportunity	[17:37]
pgp	are the allowing people to cancel and are they returning BTC?	[17:37]
mircea_popescu	pgp btc equiv of the fiat value of the btc sent at the time it was sent	[17:38]
mircea_popescu	90% haircut.	[17:38]
pgp	lol	[17:38]
assbot	[BTCTC] [ASICMINER-PT] 6 @ 0.8 = 4.8 BTC [+]	[17:39]
mircea_popescu	in fairness there's plenty of good reason for that, as in, they're supposedly paying ppl in fiat.	[17:39]
mircea_popescu	but anyway, a bad deal.	[17:39]
gwillen	pgp: if you bought with dollars you weren't otherwise going to use to buy BTC, I think you get pretty much a wash	[17:40]
gwillen	pgp: if you bought with BTC or with dollars you would have put into BTC, I think you lose	[17:40]
gwillen	because the increase in price does not correspond to an increase in USD output, because there's a corresponding increase in difficulty.	[17:40]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[17:40]
thestringpuller	bugpowderr: do you still think MPOEbot is at a loss?	[17:41]
bugpowderr	yes	[17:41]
bugpowderr	I don't think the puts I bought yesterday are going to make up the difference :)	[17:41]
pgp	any decent resources on the web that discusses GH/s NPV (net present value) and associated variables?	[17:41]
bugpowderr	but I don't know	[17:41]
bugpowderr	we will find out tonight!	[17:41]
bugpowderr	nice bounce in the price already though	[17:41]
bugpowderr	(S.MPOE)	[17:41]
OneMiner	Anybody selling a small amount of ASICMINER?	[17:41]
thestringpuller	i am so excited!!!!!	[17:42]
mircea_popescu	pgp not really.	[17:42]
bugpowderr	by general rule is buy S.MPOE whenever it touches .0006	[17:42]
bugpowderr	my	[17:42]
gwillen	pgp: I'd be interested in seeing such an analysis if you found or made one	[17:42]
Chaang-Noi	im a goat, and im on a motherfucking boat!	[17:42]
mircea_popescu	yah what gwillen said. i gather you're competent enough, go make one pgp	[17:42]
mircea_popescu	we'll tear it apart and laugh at you, but	[17:42]
mircea_popescu	it'll be invaluable for your education.	[17:42]
bugpowderr	I think there is a website blog that does a pretty in depth analysis of the various miners	[17:42]
bugpowderr	and projected profit	[17:43]
mircea_popescu	bugpowderr i remember one that sucked ass.	[17:43]
bugpowderr	its on reddit every once in a while	[17:43]
bugpowderr	lots of plots	[17:43]
mircea_popescu	buncha broken graphs	[17:43]
bugpowderr	yeah	[17:43]
mircea_popescu	o yeah. that.	[17:43]
bugpowderr	too many plots	[17:43]
bugpowderr	I never really read it carefully	[17:43]
mircea_popescu	anyway, the guy made retarded, miner-biased assumptions	[17:43]
bugpowderr	yeah	[17:43]
bugpowderr	curse of the assumptions	[17:43]
mircea_popescu	people gotta learn somehow that lipsticked pig is not useful	[17:43]
bugpowderr	too many knobs, lets pick a value we like	[17:44]
mircea_popescu	exactly	[17:44]
mircea_popescu	this should be taught in hs. "too many knobs ? always pick a value you can't stand"	[17:44]
assbot	[MPEX] [S.DICE] 2440 @ 0.00419995 = 10.2479 BTC [+]	[17:45]
ThickAsThieves	i think all the BFL theorizing is based on old numbers. People were saying in BFL shoutbox last night that there are many more than 6 wafers	[17:45]
ThickAsThieves	also	[17:45]
*	daybyter (~andreas@88-134-88-178-dynip.superkabel.de) has joined #bitcoin-assets	[17:46]
ThickAsThieves	BFL is claiming they will fix the issue as they start shoipping	[17:46]
ThickAsThieves	so their loss in havbing to send more units to meet obligations,	[17:46]
ThickAsThieves	may be minimal	[17:46]
ThickAsThieves	if they actually fix the problem	[17:46]
ThickAsThieves	they claim the problem is not with the chips themselves	[17:46]
ThickAsThieves	but eslewhere in the design	[17:47]
ThickAsThieves	this is all, of course, impossible to prove	[17:47]
mircea_popescu	yea	[17:47]
mircea_popescu	meanwhile	[17:47]
mircea_popescu	brazil exchange hacked.	[17:48]
mircea_popescu	looks grim	[17:48]
mircea_popescu	http://pastebin.com/PZfuZM3X	[17:48]
Chaang-Noi	what do you think the price of the first 60 ghs to ship would be? if sold on the market?	[17:48]
Chaang-Noi	lol mp i cant read that	[17:48]
Chaang-Noi	i did not even know they had an exchange	[17:49]
OneMiner	It's possible they have finalized a small amount of their boards on order. So changes to future boards would be of minimal cost. Like higher quality VRMs or something.	[17:49]
mircea_popescu	O Mercado Bitcoin sofreu um ataque, que infelizmente foi bem sucedido, em sua implementação de redeem code. Devido à um erro de codificação, foi possível ao atacante gerar novos códigos de crédito, sem que o valor fosse devidamente debitado em seu saldo final. Conseguindo assim, gerar um montante falso de bitcoins dentro do sistema e resgatá-lo em tempo hábil, durante a madrugada.	[17:49]
mircea_popescu	that says their redeem codes were broken and leaked equity.	[17:49]
Chaang-Noi	hmm	[17:49]
Chaang-Noi	they should have known better than to use codes...	[17:50]
pgp	basic factors would include cost per GH/s for hardware, current network hash rate,growth assumptions in overall network hash rate, cost of electricity, lag time from laying out cash per GH/s and actually getting it working product. And some sort of time value of money discount factor for future cash flows. Am I missing anything?	[17:50]
Chaang-Noi	anyone want to buy the first bfl asic everordered?	[17:50]
Chaang-Noi	asking 150 btc	[17:51]
*	Guest00001 has quit (Read error: Connection reset by peer)	[17:51]
*	error4733 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[17:51]
assbot	[BTCTC] [BTC-BOND] 10 @ 0.009994 = 0.0999 BTC [-]	[17:51]
assbot	[BTCTC] [BTC-BOND] 4 @ 0.009994 = 0.04 BTC [-]	[17:52]
bugpowderr	I wonder how Teramining is coming along	[17:53]
Chaang-Noi	what is that?	[17:53]
MJR_III	crazy news huh	[17:56]
mircea_popescu	http://polimedia.us/trilema/2013/and-another-one-bites-the-dust-mercado-bitcoin/	[17:56]
*	Ukto just woke up	[17:56]
Ukto	what news?	[17:57]
Ukto	oh, never even heard of them	[17:57]
*	foooooooo has quit (Ping timeout: 245 seconds)	[17:58]
MJR_III	pgp: also...current btc/usd exchange rate and expected btc/usd exchange rate	[17:58]
*	fooooooooo (42100d2e@gateway/web/freenode/ip.66.16.13.46) has joined #bitcoin-assets	[17:59]
MJR_III	i feel like that is what most miners forget about	[17:59]
MJR_III	in their break even calculations	[17:59]
ThickAsThieves	;;ticker	[18:00]
gribble	BTCUSD ticker \| Best bid: 88.00000, Best ask: 88.29000, Bid-ask spread: 0.29000, Last trade: 88.29000, 24 hour volume: 156455.07758322, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.54041	[18:00]
MJR_III	if you are going to mine, you should be bullish on bitcoins i think	[18:00]
MJR_III	;;bc,24hprc	[18:00]
gribble	86.68	[18:00]
mircea_popescu	MJR_III or hedge	[18:00]
MJR_III	;;calc (86.68-41)/86.68	[18:00]
gribble	0.526995846793	[18:00]
MJR_III	mircea_popescu: yeah...or hedge	[18:01]
pgp	I think you start first with a constant BTC USD model...	[18:01]
*	Chilca has quit (Remote host closed the connection)	[18:01]
MJR_III	but if i am calculating my break even using todays prices as most mining calculators do...	[18:01]
MJR_III	then it doesn't appear to be worth it, but if i expected it to hit 100...that could make it profitable	[18:01]
ThickAsThieves	calculating mining profits anything more than 1 week out is voodoo anyway	[18:02]
MJR_III	yeah	[18:02]
OneMiner	MJR_III If you are that close to the line then you should probably just buy coins with your hardware and power costs. You'll end up with much more.	[18:02]
MJR_III	but i think most people worry about future difficulty all the time	[18:03]
*	sgornick has quit (Ping timeout: 248 seconds)	[18:03]
MJR_III	but don't think of the other side of the coin...which is mining fewer coins is fine if they are each worth more	[18:03]
*	Diablo-D3 has quit (Quit: do coders dream of sheep()?)	[18:03]
Chaang-Noi	http://images.search.yahoo.com/images/view;_ylt=A2KJkCGyuVVRDiwAfjKJzbkF;_ylu=X3oDMTBlMTQ4cGxyBHNlYwNzcgRzbGsDaW1n?back=http%3A%2F%2Fimages.search.yahoo.com%2Fsearch%2Fimages%3Fp%3Dlotus%2Bcar%26fr%3Dsfp%26fr2%3Dpiv-web%26tab%3Dorganic%26ri%3D109&w=1600&h=1200&imgurl=www.autocarsight.com%2Fwp-content%2Fuploads%2F2011%2F10%2F2012-Lotus-Exige-S.jpg&rurl=http%3A%2F%2Fwww.autocarsight.com%2Ftag%2Flotus-exige-s&size=320.2+KB&name=2012+Lotus+Exige+S+Spec	[18:03]
Chaang-Noi	s+and+Review&p=lotus+car&oid=0cb0ab46c07e25b28f10b5ae7f1d4ff1&fr2=piv-web&fr=sfp&tt=2012%2BLotus%2BExige%2BS%2BSpecs%2Band%2BReview&b=91&ni=114&no=109&ts=&tab=organic&sigr=11dgs3a7r&sigb=12uq2h7eh&sigi=126g0sakn&.crumb=S4mQTrSc6lC	[18:03]
MJR_III	CPU mining might be profitable if you have a long enough timeline	[18:03]
MJR_III	and are very bullish	[18:03]
*	Diablo-D3 (~diablo@pool-70-16-109-241.port.east.myfairpoint.net) has joined #bitcoin-assets	[18:04]
Chaang-Noi	that link! anyway, should i get it?> lotus exige s?	[18:04]
MJR_III	obviously it is somewhat speculative	[18:04]
OneMiner	lol Chaang-Noi, obviously. :P	[18:04]
Chaang-Noi	wife says no	[18:05]
Chaang-Noi	but im not sure im going to listen	[18:05]
Chaang-Noi	it will just show up one day...	[18:05]
Chaang-Noi	claim i dont know how it got there...	[18:05]
OneMiner	hahaha	[18:06]
Chaang-Noi	:)	[18:06]
bugpowderr	get a go kart	[18:07]
OneMiner	How about an old civic or something, tub it out and take it to the track. Then you just need a tow vehicle. <----- that's my vision except with a miata.	[18:07]
Chaang-Noi	taxes in thailand on cars liek this are no joke like 500% to 700% or more...	[18:08]
bugpowderr	its about as pratical as an exige	[18:08]
arij	luxury tax?	[18:08]
Chaang-Noi	i sadly cant get one here, ill have to leave it in the usa	[18:08]
Chaang-Noi	they taxes these cars like crazy, yeah luxury tax	[18:08]
Chaang-Noi	more or less fair as there are no other real taxes	[18:09]
Chaang-Noi	honestly i think i would just move first	[18:09]
assbot	[MPEX] [S.MPOE] 29000 @ 0.00068158 = 19.7658 BTC [+]	[18:10]
*	sgornick (~steve@unaffiliated/sgornick) has joined #bitcoin-assets	[18:10]
OneMiner	Yes, in that case move first. Less complicated.	[18:11]
Chaang-Noi	yeah :/ unless btc goes to 5,000 then im getting 4...	[18:12]
thestringpuller	bugpowderr: do you still think MPOEbot is at a loss?	[18:13]
thestringpuller	how did that happen	[18:13]
thestringpuller	oops sorry	[18:13]
thestringpuller	disregard	[18:13]
Chaang-Noi	:) i still think its a loss:)	[18:13]
Chaang-Noi	just a guess	[18:13]
thestringpuller	the price was manipulated yesterday...	[18:13]
thestringpuller	the bot sucked up a lot of calls	[18:14]
thestringpuller	;;ticker	[18:14]
gribble	BTCUSD ticker \| Best bid: 88.23100, Best ask: 89.00000, Bid-ask spread: 0.76900, Last trade: 89.00000, 24 hour volume: 156779.61814498, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.53906	[18:14]
Chaang-Noi	:)	[18:14]
Chaang-Noi	convient time to "dump" for some	[18:14]
bowjob	mhm btc 100 by april 1st	[18:15]
bowjob	yay or nay	[18:15]
OneMiner	lol 4 loti hahaha	[18:15]
Chaang-Noi	if btc = 5k i will do it!	[18:16]
OneMiner	5k would put me in a sweet spot. I couldn't complain about that.	[18:17]
OneMiner	That's a reset button. School and a living standard bump.	[18:17]
Chaang-Noi	yeah btc at 5k i could do 4 loti in thailand with no problem	[18:18]
ThickAsThieves	all this i'm so rich talk is bad juju	[18:19]
Chaang-Noi	lol, its the top of a bubbler	[18:20]
MJR_III	josh bft is trying to beat the bitbet date	[18:20]
thestringpuller	people are getting rich ThickAsThieves are you not	[18:20]
Chaang-Noi	we wont hit 5k until we correct	[18:20]
thestringpuller	?*	[18:20]
Chaang-Noi	btc went from 2 to 90 in like a year, or like x45	[18:20]
Chaang-Noi	90 x 45 is like 4k so like one yearish right?	[18:20]
ThickAsThieves	i did my bragging last night	[18:20]
Chaang-Noi	:)	[18:20]
ThickAsThieves	but i'm still not satisfied	[18:21]
thestringpuller	ADD GOOD JUJU to the mix	[18:21]
OneMiner	Ya, the price increase is crazy.	[18:21]
thestringpuller	invest invest invest	[18:21]
thestringpuller	drive the boom, don't be like a dotcom boom	[18:21]
Chaang-Noi	just wait until normal people invest in btc	[18:21]
assbot	[BTCTC] [BASIC-MINING] 1 @ 0.37 BTC [+]	[18:21]
OneMiner	You know what's crazy good news? I think the US money laundering news is great. It's step one to establishing bitcoin in US society.	[18:21]
thestringpuller	I think as old money enters the btc economy, due to lack of regulation people like mircea_popescu will take their money pretty quickly	[18:21]
thestringpuller	people inside trade hardcore here...	[18:22]
assbot	[BTCTC] [ASICMINER-PT] 110 @ 0.775 = 85.25 BTC [-]	[18:22]
Chaang-Noi	well gents, tomorrow i gotz to travel so im off to bed, call me if we get close to 100	[18:22]
Chaang-Noi	holy shit 110 lol	[18:23]
assbot	[BTCTC] [ASICMINER-PT] 3 @ 0.77001 = 2.31 BTC [-]	[18:23]
assbot	[BTCTC] [ASICMINER-PT] 29 @ 0.77 = 22.33 BTC [-]	[18:23]
assbot	[MPEX] [S.MPOE] 8941 @ 0.00068158 = 6.094 BTC [+]	[18:24]
assbot	[BTCTC] [ASICMINER-PT] 5 @ 0.76 = 3.8 BTC [-]	[18:24]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.75801 = 7.5801 BTC [-]	[18:25]
thestringpuller	;;ticker	[18:25]
gribble	BTCUSD ticker \| Best bid: 89.48500, Best ask: 89.50000, Bid-ask spread: 0.01500, Last trade: 89.50000, 24 hour volume: 156731.60658333, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.52536	[18:25]
bitesak	not mainstream, but started downloading Cliff's halfpasthuman.com wujo on bitcoin \| http://halfpasthuman.com/wujo/clifswujo3252013bitcoin.mp3	[18:26]
OneMiner	Who dis?	[18:27]
*	MJR_III has quit ()	[18:28]
*	ColdHardMetal has quit (Changing host)	[18:31]
*	ColdHardMetal (~IceChat77@unaffiliated/coldhardmetal) has joined #bitcoin-assets	[18:31]
assbot	[BTCTC] [ASICMINER-PT] 6 @ 0.758 = 4.548 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 4 @ 0.757 = 3.028 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75613 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75612 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 6 @ 0.75201 = 4.5121 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.752 = 7.52 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75101 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 8 @ 0.751 = 6.008 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 62 @ 0.75 = 46.5 BTC [-]	[18:32]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]	[18:33]
smickles	$unconfirmed	[18:33]
*	MJR_III (mjr_@cpe-68-174-114-54.nyc.res.rr.com) has joined #bitcoin-assets	[18:33]
assbot	[MPEX] [S.MPOE] 7991 @ 0.00068158 = 5.4465 BTC [+]	[18:33]
mpexbot	smickles: 747	[18:33]
bitesak	known for his asymetric language trend analysis, using the change of language in the postings online to derive forecasts for developing trends	[18:33]
*	benkay (~benkay@67.50.19.230) has joined #bitcoin-assets	[18:35]
MJR_III	khan academy had a great video on diffie hellman system	[18:38]
bitesak	Save 90 % if paying with real currency such as Bitcoin :)	[18:38]
*	da2ce7 has quit (Read error: Connection reset by peer)	[18:42]
*	da2ce7 (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets	[18:43]
*	Smoovious has quit (Ping timeout: 264 seconds)	[18:44]
*	Smoovious (~imp586@75-12-89-18.lightspeed.wyngmi.sbcglobal.net) has joined #bitcoin-assets	[18:45]
ThickAsThieves	is there international demand for getting a US high school diploma with online classes?	[18:49]
ThickAsThieves	anf furthermore would bitcoin be a good fit for such a service?	[18:49]
deadweasel	might be hard to understand btc w/out a high school diploma	[18:51]
ThickAsThieves	well	[18:51]
ThickAsThieves	thats not the only angle	[18:51]
ThickAsThieves	person can be an adult	[18:51]
ThickAsThieves	with or without a local diploma	[18:51]
ThickAsThieves	tahts why i ask if there is demand for a "US" diploma	[18:52]
pgp	question about network difficulty... does it adjust to bring rate back to 1 block per 10 min on current hash rate, or does it try to compensate to bring overall hash rate from last halving day to 1 block evey 10 min?	[18:52]
deadweasel	ThickAsThieves: I didn't catch that. So they might have a diploma from Spain, but want a US one.	[18:53]
ThickAsThieves	US diploma would be accredited and accepted by colleges	[18:53]
ThickAsThieves	right	[18:53]
ThickAsThieves	credit recovery might even be possible as well	[18:54]
*	Guest4504 (~androirc@180.183.191.210) has joined #bitcoin-assets	[18:54]
ThickAsThieves	but that would get tricky	[18:54]
thestringpuller	smickles: will send you pm in a second	[18:54]
Guest4504	Goat from a phone. Lol at technology.	[18:54]
OneMiner	pgp 1 block per 10 min based on rate of block generation during the period.	[18:56]
*	Guest4504 has quit (Client Quit)	[18:56]
ThickAsThieves	erik answers https://bitcointalk.org/index.php?topic=101902.msg1700294#msg1700294	[18:57]
pgp	so, if we assume a constant increase in hash rate, then halving day, by definition will alway be something short of 4 years...	[18:58]
OneMiner	pgp Yes, if hashrate always goes up then halving day will come sooner by a bit.	[18:58]
OneMiner	The oposite is also true.	[18:59]
pgp	and difficulty adjusts every 2100 blocks, correct?	[18:59]
OneMiner	Hmmm... 2018 or something like that.	[19:00]
mircea_popescu	thestringpuller say what ?	[19:00]
jborkl	No, the longest the diff will not adjust is two weeks	[19:01]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[19:01]
jborkl	slowdown in hash rate, it will lower in two weeks- not 2.5 or 3 weeks	[19:02]
OneMiner	It's not based on time. It's based on number of blocks. You sure about that jborkl?	[19:02]
jborkl	I have been through quite a few lower diff levels and it adjusts at two weeks	[19:02]
OneMiner	https://en.bitcoin.it/wiki/Difficulty#How_often_does_the_difficulty_change.3F	[19:02]
deadweasel	ThickAsThieves: Credit Repair business is actually a good business to get into in the US. since they legislated against all those "instant credit repair" scams, people can actually get help.	[19:03]
jborkl	If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced	[19:04]
mircea_popescu	nic erik post	[19:04]
jborkl	https://en.bitcoin.it/wiki/Difficulty	[19:04]
OneMiner	jborkl I think you're reading that wrong.	[19:05]
OneMiner	If the previous 2016 blocks took more than two weeks to find <---- suggests that you'd need all 2016 blocks to be found.	[19:06]
jborkl	if half the network took a shit, then we would drop to one block every 20 minutes and that would last a month	[19:07]
jborkl	killing the network in the meantime	[19:07]
*	Guest00001 (~userirc@ip-83-134-213-77.dsl.scarlet.be) has joined #bitcoin-assets	[19:07]
*	error4733 has quit (Read error: Connection reset by peer)	[19:07]
*	Guest00001 is now known as error4733	[19:07]
OneMiner	jborkl Correct.	[19:08]
jborkl	it adjusts every two weeks maximum	[19:08]
jborkl	can be shorter of course	[19:08]
OneMiner	Umm.... I don't think so dood. Site it or it didn't happen.	[19:09]
bugpowderr	nice post by Erik	[19:09]
*	Guest00001 (~userirc@ip-80-236-227-102.dsl.scarlet.be) has joined #bitcoin-assets	[19:11]
*	error4733 has quit (Ping timeout: 240 seconds)	[19:12]
*	Guest00001 is now known as error4733	[19:12]
*	Chilca has quit (Remote host closed the connection)	[19:13]
*	terryww has quit (Ping timeout: 246 seconds)	[19:13]
mircea_popescu	bugpowderr ya i thought so.	[19:14]
assbot	[MPEX] [S.MPOE] 8000 @ 0.00067944 = 5.4355 BTC [-]	[19:14]
mircea_popescu	im starting to like the guy tbh.	[19:14]
MJR_III	;;calc 14246	[19:14]
gribble	2016	[19:14]
MJR_III	it compares that to	[19:14]
MJR_III	;;142460	[19:15]
gribble	Error: "142460" is not a valid command.	[19:15]
MJR_III	;;calc 142460	[19:15]
gribble	20160	[19:15]
MJR_III	it readjusts after 2016 blocks	[19:15]
MJR_III	however long that takes	[19:16]
MJR_III	thats why a huge increase in mining power will not really help you mine a ton of blocks	[19:17]
MJR_III	you will just increase the difficulty quicker	[19:17]
*	knotwork_ has quit (Ping timeout: 245 seconds)	[19:19]
MJR_III	The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find.	[19:21]
*	knotwork_ (~markm@unaffiliated/knotwork) has joined #bitcoin-assets	[19:22]
unbalanced	Is anyone using www.bitmit.net ? Is it the eBay of bitcoin or just one of many contenders?	[19:25]
unbalanced	And is it, or are any of them, listed assets? Or soon to be?	[19:25]
*	PsychoticBoy has quit (Read error: Connection reset by peer)	[19:26]
*	PsychoticBoy (~Psychotic@pdpc/supporter/active/psychoticboy) has joined #bitcoin-assets	[19:26]
assbot	[BTCTC] [CRYPTO-TRADE] 36 @ 0.2 = 7.2 BTC [+]	[19:26]
unbalanced	I think someone mentioned building an eBay-killer here this week but now I can't remember who/when/what	[19:27]
unbalanced	It's been quite the week.	[19:27]
mircea_popescu	unbalanced probably me.	[19:27]
unbalanced	Ah... so does bitmit not cut it or you just hadn't seen it or still plenty of room for competition I guess?	[19:28]
unbalanced	Note to self: one question at a time.	[19:29]
bugpowderr	Oh jeeze... http://market-ticker.org/akcs-www?get_gallerynr=4089	[19:29]
bugpowderr	don't trust da gubberment	[19:29]
mircea_popescu	unbalanced basically it's yet another rehash of the old and by now stale "i wrote a script therefore this is a business".	[19:31]
jurov	unbalanced: mircea dreams about it	[19:31]
unbalanced	A lot can change in a month I guess. And people say bitcoin is volatile.	[19:31]
unbalanced	(re: Cyprus)	[19:31]
mircea_popescu	imagine if some kid made a html page which read THE REAL AMZON	[19:32]
mircea_popescu	would that be an amazon killer ?	[19:33]
unbalanced	mircea_popescu: I've read your "recognize you're an idiot, noob" posts re: BTC businesses and 100% agree.	[19:33]
mircea_popescu	to kill ebay you need a lot of ops competence.	[19:33]
unbalanced	As a guy wondering what my place is in the BTC economy, I take that stuff to heart and try to remember it.	[19:33]
mircea_popescu	this "here's a script that sorta replicates functionality now we wait for "the users" to make us a business" is nonsense	[19:34]
mircea_popescu	that aside : bitcoin desperately needs an ebay killer ap.	[19:34]
mircea_popescu	the only way to obtain such a thing is if someone with a lot of fmcg experience and contacts actually starts one.	[19:34]
unbalanced	So it only sucks because it doesn't have proven profits yet? Once proven to have traction and revenue, it wouldn't meet the noob=sux criteria?	[19:35]
mircea_popescu	not at all.	[19:35]
unbalanced	Yeah our posts crossed. I read ya.	[19:35]
mircea_popescu	let's go into detail here to understand each other.	[19:35]
unbalanced	Shoot	[19:35]
mircea_popescu	i don't care how much profit the doctor's office makes.	[19:35]
mircea_popescu	i care whether he's a doctor.	[19:36]
mircea_popescu	you can probably make a fuckton selling folk remedies and straight silicone injections into the ass. heck, some people do.	[19:36]
mircea_popescu	this doesn't validate them as doctors.	[19:36]
unbalanced	Roger. So Meg Whitman starts an eBay killer using bitcoin, that's when to pay attention.	[19:36]
mircea_popescu	for sure.	[19:37]
assbot	[MPEX] [S.MPOE] 8000 @ 0.00067446 = 5.3957 BTC [-]	[19:37]
assbot	[MPEX] [S.MPOE] 16610 @ 0.00068158 = 11.321 BTC [+]	[19:37]
mircea_popescu	but it doesn't have to be supercorp ceo.	[19:37]
assbot	[MPEX] [S.MPOE] 891 @ 0.00068292 = 0.6085 BTC [+]	[19:37]
mircea_popescu	some guy who was the near east distribution manager for coca cola since 1992	[19:37]
unbalanced	Right... just not an anonymous site like bitmet. Real-world experience, real-world human face, contact info, support, operational chops, execution...	[19:38]
mircea_popescu	a woman that was in charge of maersk pacific ops for the past five years	[19:38]
mircea_popescu	the vp of LMHV Belgium	[19:39]
mircea_popescu	somebody	[19:39]
MJR_III	i would say that it is not so much even their experience (though that is helpful) but rather the fact that they are good at doing what they set out to do	[19:39]
MJR_III	many executives get fired for sucking	[19:39]
mircea_popescu	and this isn't random dickery as in "you must be old" or some shit. the ops experience shows.	[19:39]
mircea_popescu	there's a lot to business that's not taught in any c++ manual	[19:39]
unbalanced	True that.	[19:39]
MJR_III	yes, being a good programmer does not make you a good business manager	[19:39]
MJR_III	though not mutually exclusive	[19:40]
mircea_popescu	i can usually sniff out a half decent manager from a mile away	[19:40]
mircea_popescu	managers and polecats.	[19:40]
MJR_III	i think that one of the problems is that the current marketplace loves fuzzy things like "social networking" and pretty websites	[19:41]
MJR_III	but those things do not have the operational challenges of a real business	[19:41]
MJR_III	which is why you see things like BFL and others	[19:41]
MJR_III	who can't execute	[19:41]
mircea_popescu	yeah. they also don't have the chances of a real business.	[19:41]
unbalanced	So... in this case, bitmit.net (they need a better domain at least, I've mistyped it 3 different ways now) apparently has 17029 listings.	[19:41]
mircea_popescu	right	[19:41]
mircea_popescu	unbalanced that metric is meaningless.	[19:41]
mircea_popescu	you have five minutes to find me a way to spend 10 btc on items that i could conceivably use during the remainder of 2013	[19:42]
mircea_popescu	for a 5% or more discount from amazon.	[19:42]
unbalanced	(From their "worldwide" dropdown in upper right.)	[19:42]
mircea_popescu	go.	[19:42]
MJR_III	actually executing in the real world when you have more complex operations than basically posting messages to each other is tough	[19:42]
MJR_III	and most web startups don't have to work in the REAL world	[19:42]
MJR_III	pinterest, twitter, facebook...they don't actually have to produce real things that take supply chains	[19:43]
unbalanced	Bear with me, I'm just wondering... is this a viable biz for that script kiddie, or maybe a team of 4, at these levels? Is it a good start or is Mr. Bitmit wasting his time?	[19:43]
mircea_popescu	i don't see that it is a business at all.	[19:43]
mircea_popescu	the test of a business is the value proposition.	[19:43]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.761 BTC [+]	[19:43]
mircea_popescu	state it for my benefit, what is bitmit's vp ?	[19:43]
mircea_popescu	(leaving aside they don't even know this is where it starts)	[19:43]
unbalanced	"Shit you can buy with your bitcoins"	[19:43]
mircea_popescu	that's not a vp.	[19:44]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.76 BTC [-]	[19:44]
MJR_III	so a company like GE or Boeing have to do a whole different set of things than a web startup in silicon valley, and the fallacy is that because you are good at one thing, you will be good at the other	[19:44]
*	da2ce7_d (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets	[19:44]
mircea_popescu	"it costs you less to buy your lube in btc on our site than at your corner lube shop" is a vp.	[19:44]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]	[19:44]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]	[19:44]
unbalanced	"eBay for bitcoins"	[19:44]
mircea_popescu	dude. a vp is always comparative.	[19:45]
mircea_popescu	X < Y is a vp.	[19:45]
unbalanced	thx, sorry but real life is interrupting, gotta run	[19:45]
unbalanced	sorry	[19:45]
mircea_popescu	"ebay for bitcoins" is a marketing ploy, different beast.	[19:45]
unbalanced	Thanks for the schoolin'	[19:45]
mircea_popescu	gl.	[19:45]
MJR_III	its an interesting challenge, and i think its a testament to the strength of bitcoin that it survives bad management	[19:46]
*	da2ce7 has quit (Ping timeout: 256 seconds)	[19:47]
mircea_popescu	MJR_III well... it also yet benefits from a very low bar.	[19:47]
mircea_popescu	nobody's seriously using it for anything much yet.	[19:47]
MJR_III	because at the end of the day...it comes down to management	[19:47]
mircea_popescu	fiat is regularly used in mission critical situations,	[19:47]
MJR_III	true	[19:47]
MJR_III	but if that is going to change, you will need people with a different skill set	[19:47]
mircea_popescu	such as the woman with no underwear on but five bucks in her pocket.	[19:48]
mircea_popescu	she knows she can get undies. for sure.	[19:48]
MJR_III	good point	[19:48]
mircea_popescu	and you know you can get gas, and food, and boots	[19:48]
MJR_III	i think bringing efficiency to the exchange mechanism is going to be the first step	[19:48]
mircea_popescu	possibly.	[19:48]
MJR_III	the other biggest thing will be the bitcoin atm	[19:49]
MJR_III	but i think that that will rely on an efficient and stable exchange	[19:49]
MJR_III	for example...the lady with no undies has a debit card	[19:49]
MJR_III	and the store only takes cash	[19:49]
MJR_III	not a problem nowadays, you just run to the atm	[19:49]
MJR_III	but you cannot have that level of convenience right now with bitcoin	[19:50]
smickles	cash only places usually have an atm on site	[19:50]
MJR_III	smickles: yes exactly	[19:50]
MJR_III	i think to drive local adoption, you will need to have two-way bitcoin atms spread locally	[19:50]
MJR_III	your fees would be in the spread that you are charging	[19:51]
MJR_III	since the transactions can go both ways, you could put cash in and get bitcoins out or vice versa	[19:51]
mircea_popescu	i still don't think bitcoin is adequate for the retail space	[19:51]
Troic	you going to wait for confirmations if you buy knickers ?	[19:51]
mircea_popescu	but that's an entirely set of problems from the bitmit thing	[19:51]
MJR_III	no...green addresses	[19:51]
mircea_popescu	Troic exactly.	[19:52]
MJR_III	my point is...why make cash only places take debit cards?	[19:52]
MJR_III	the atm can give you locally accepted currency	[19:52]
MJR_III	while you hold mostly bitcoins	[19:52]
mircea_popescu	i hate to be that ass who keeps linking his articles, but i hate repeating shit more. so MJR_III , ever saw http://polimedia.us/trilema/2013/bitcoin-prices-bitcoin-inflexibility/#comment-92015 ?	[19:52]
*	saulimus (~someone@37-219-41-67.nat.bb.dnainternet.fi) has joined #bitcoin-assets	[19:54]
assbot	[HAVELOCK] [VTX] 2 @ 0.478 = 0.956 BTC [-]	[19:56]
*	MJR_III has quit (Read error: Connection reset by peer)	[19:56]
*	MJR_III (mjr_@cpe-68-174-114-54.nyc.res.rr.com) has joined #bitcoin-assets	[19:56]
assbot	[HAVELOCK] [SDICE] 1 @ 0.465 BTC [+]	[19:57]
MJR_III	i read it and i agree	[19:57]
Troic	or just one way atms, bitcoin-central's idea, cards charged in local currency charged to your btc.	[19:57]
MJR_III	but that is why i think that this does an end run around that problem	[19:57]
Troic	your, hmm, i mean their	[19:58]
MJR_III	cash is good for local	[19:58]
MJR_III	but i don't want to hold my cash in bank, i want to hold bitcoins in my wallet	[19:58]
MJR_III	the idea of an automatically adjusting exchange rate ATM that can be connected to a wallet is pretty trivial, the main issue is again exeecution	[19:59]
MJR_III	ATM's are a pretty big business, access to currency is always going to be needed	[20:00]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[20:01]
MJR_III	imagine the convenience of just getting cash when you need it, anytime, for in person retail transactions	[20:02]
MJR_III	but holding your money and transferring for large transactions using the blockchain	[20:02]
MJR_III	it would add a ton of liquidity if this atm network took off	[20:03]
MJR_III	as people either choose to go buy some bitcoins by just depositing cash, or sell them because they need cash at the moment	[20:03]
mircea_popescu	i imagine the practical way this will work will be the magic cash dispenser	[20:07]
mircea_popescu	http://polimedia.us/trilema/2013/the-free-cash-machine/ that thing	[20:07]
MJR_III	exactly	[20:07]
MJR_III	i read that one before	[20:07]
mircea_popescu	be pretty cool thing to have	[20:08]
*	jborkl has quit (Quit: jborkl)	[20:08]
mircea_popescu	but it may take a while. we're not quite able to make asics yet	[20:08]
MJR_III	you could even...and this is maybe going above and beyond	[20:08]
mircea_popescu	servicing atms is a few levels of complexity atop that	[20:08]
MJR_III	you could have those machines also mining as they do their role of providing a convenient exchange	[20:08]
MJR_III	and they have made, produced and shipped asics	[20:08]
mircea_popescu	haha maybe	[20:09]
MJR_III	avalon maybe	[20:09]
MJR_III	at first of course, you would hve to have them inside a business...	[20:09]
MJR_III	the point is that this space has already been explored...atm's are everywhere	[20:09]
MJR_III	you could buy an atm, and then reconfigure it to accept bitcoins instead of debit cards	[20:10]
jcpham	atm's have cash in them	[20:10]
jcpham	no one wants you to have cash	[20:10]
MJR_III	yes they would need to	[20:10]
smickles	http://blog.smickles.com/2013/03/29/bloomberg-should-clean-up-their-act/	[20:10]
jcpham	dead technology	[20:10]
smickles	f-ing morons	[20:10]
MJR_III	um...i think that the volume on the exchanges would beg to differ jcpham	[20:10]
jcpham	no one wants you to have cash	[20:11]
jcpham	cash is a dead technology	[20:11]
bitesak	;;ticker	[20:11]
gribble	BTCUSD ticker \| Best bid: 88.89749, Best ask: 89.43408, Bid-ask spread: 0.53659, Last trade: 88.65000, 24 hour volume: 155385.63557232, 24 hour low: 75.00111, 24 hour high: 94.32000, 24 hour vwap: 86.37690	[20:11]
MJR_III	then why are so many people selling bitcoins?	[20:11]
MJR_III	for USD	[20:11]
MJR_III	every sale involves someone buying and someone selling	[20:11]
MJR_III	so some people still want cash	[20:11]
mircea_popescu	smickles lol that girl looks like she has no neck	[20:11]
MJR_III	or should I say USD that they can withdraw as cash	[20:11]
jcpham	until it is illegal	[20:11]
jcpham	then no one wants it	[20:11]
smickles	buying cash is still a way to use bitcoin	[20:11]
MJR_III	smickles: exactly	[20:12]
jcpham	cash is my method for getting bitcoin	[20:12]
jcpham	cash works now	[20:12]
mircea_popescu	jcpham i thought you mined	[20:12]
jcpham	but not in the future	[20:12]
jcpham	that too	[20:12]
smickles	mircea_popescu: people on tv tend to look odd	[20:12]
MJR_III	i don't think the dollar is going anywhere for a long time	[20:12]
smickles	mircea_popescu: aslo, to me, it looks like she painted herself derpy eyes	[20:13]
MJR_III	and as mircea_popescu's excellent article showed...you don't need bitcoin to do everything	[20:13]
mircea_popescu	smickles lol i think hr mom painted those	[20:13]
MJR_III	let it do what it is good at doing	[20:13]
MJR_III	and use cash for what it is good for	[20:13]
mircea_popescu	im with that.	[20:13]
mircea_popescu	i pay for undies in cash to this day	[20:13]
MJR_III	cash sucks as a store of value, but it is pretty convenient for in person local transactions	[20:13]
smickles	mircea_popescu: ah, right. It is a production. The probably do have people do it for her	[20:14]
MJR_III	cash sucks for sending money long distances, let bitcoin do that	[20:14]
mircea_popescu	MJR_III kinda what it was intended as, you know ? little notes saying you have gold somewhere	[20:14]
MJR_III	yes	[20:14]
MJR_III	exactly	[20:14]
MJR_III	you can turn cash into a reserve note for bitcoins in a way	[20:15]
MJR_III	it is a proxy like all currency	[20:15]
mircea_popescu	so no, bitcoin isn't killing fiat.	[20:15]
mircea_popescu	it's just going to give it a 2nd youth	[20:15]
MJR_III	yes	[20:15]
mircea_popescu	as backed by bitcoin, i can see a use for usd/eur/etc	[20:16]
assbot	[BTCTC] [RSM] 1 @ 0.00301 BTC [-]	[20:16]
MJR_III	i agree	[20:16]
MJR_III	it will basically undo bretton woods	[20:16]
MJR_III	as people use it to peg the dollar to something scarce	[20:16]
mircea_popescu	yup	[20:16]
MJR_III	they can then see the real fluctuations in its value	[20:16]
mircea_popescu	yup	[20:17]
*	Chilca has quit (Remote host closed the connection)	[20:17]
mircea_popescu	soon enough will be a topic in elections	[20:17]
mircea_popescu	"this govt's policy has seen our currency drop 40% against btc"	[20:17]
MJR_III	yes i agree	[20:17]
MJR_III	real value, money is not able to be inflated artificially	[20:17]
MJR_III	there needs to be a good or service backing it up	[20:17]
jcpham	like HFT trading on an exchange?	[20:17]
jcpham	redundant T ftw	[20:18]
MJR_III	exchanging one proxy for another	[20:18]
mircea_popescu	jcpham wait. what ? you mean on gox ?	[20:18]
mircea_popescu	with 6 minute delays ? hft ? srsly ?	[20:18]
MJR_III	lol	[20:18]
jcpham	is gox still broken	[20:18]
jcpham	i dunno	[20:18]
MJR_III	until there is a better exchange, AND all exchanges communicate with each other	[20:18]
*	[\] is now known as notascammer	[20:18]
MJR_III	you won't have efficiencies	[20:18]
jcpham	i've been building a porch all week	[20:18]
*	tiberiusiv (~tiberiusi@gateway/tor-sasl/tiberiusiv) has joined #bitcoin-assets	[20:18]
*	notascammer is now known as [\]	[20:19]
assbot	[BTCTC] [RSM] 1 @ 0.00301 BTC [-]	[20:19]
*	terryww (~terryww@84-255-240-24.static.t-2.net) has joined #bitcoin-assets	[20:19]
Diablo-D3	https://bitcointalk.org/index.php?topic=99497.msg1700739#msg1700739	[20:19]
mircea_popescu	MJR_III that is a good point actually. i have no idea why everyone's so hell bent on being special unique etc.	[20:19]
Diablo-D3	I think I just pwned someone.	[20:19]
Diablo-D3	oh well =/	[20:19]
mircea_popescu	well... other than the obvious "cause they're 16yo aspies"	[20:19]
MJR_III	mircea_popescu: yeah, it just takes trust, which comes down to good management	[20:19]
MJR_III	there is a reason our world is the way it is	[20:20]
MJR_III	its the sum of our choices, mostly made through individual rational choices	[20:20]
Diablo-D3	>16yo aspies	[20:20]
Diablo-D3	who?	[20:20]
MJR_III	so...there is a reason i can buy something on one exchange and instantly sell it on another	[20:20]
mircea_popescu	Diablo-D3 exchange ops	[20:21]
MJR_III	mircea_popescu: but it is like mpex...someone has to do it, and let others build on it	[20:21]
Diablo-D3	ahh	[20:21]
MJR_III	similar to how you say that the whole world can't be hedging	[20:22]
mircea_popescu	MJR_III so far even a fucking naming convention is impossible to contemplate, let alone implem,ent.	[20:22]
mircea_popescu	at this rate we'll have a btc equiv for fix in 2050	[20:22]
MJR_III	we can use fix now though	[20:22]
MJR_III	i am already working on an engine	[20:22]
mircea_popescu	tbh fix kinda sucks, but yea	[20:22]
smickles	at one exchange, who is insolvent	[20:22]
MJR_III	well yeah	[20:22]
MJR_III	its not great	[20:22]
MJR_III	this is the thing about bitfloor	[20:23]
MJR_III	it has the best model of all exchanges	[20:23]
mircea_popescu	smickles the redeem codes was a sorta attempt, but meh.	[20:23]
MJR_III	its the most convenient for me	[20:23]
smickles	but so much debt	[20:23]
MJR_III	yes of course	[20:23]
MJR_III	again that comes down to execution	[20:23]
MJR_III	and i think poor choices as far as resolving that	[20:23]
smickles	i would use bitfloor more often if it weren't for that debt	[20:23]
MJR_III	for example	[20:23]
smickles	and they owe me ~15 btc	[20:23]
MJR_III	the guy who runs it	[20:23]
MJR_III	wants to pay back everything in btc while collecting fees in dollars	[20:24]
MJR_III	which will never work	[20:24]
mircea_popescu	ya. nonsense huh	[20:24]
MJR_III	you either do what a real company would do	[20:24]
MJR_III	and file bankruptcy	[20:24]
smickles	much of bitfloor is opensourced	[20:24]
mircea_popescu	the girl made a very good point as to the cost of financial ineptitude vs coding inavbility	[20:24]
MJR_III	liquidate and pay back what you can	[20:24]
mircea_popescu	on the forum	[20:24]
MJR_III	or you work out a deal with the creditors	[20:24]
MJR_III	charge your fees in btc for transactions	[20:24]
MJR_III	and put a portion of them towards the debt	[20:25]
smickles	there is kinda a defacto deal with the creditors	[20:25]
makomk	malaimo maximian midnightmagic MiningBuddy mircea_popescu MJR_ MJR_III mpexbot	[20:25]
makomk	malaimo maximian midnightmagic MiningBuddy mircea_popescu MJR_ MJR_III mpexbot	[20:25]
MJR_III	yes	[20:25]
mircea_popescu	listen MJR_III this fees stuff... think for a moment. no exchanger makes money.	[20:25]
MJR_III	but he owed 250k now it is over a million	[20:25]
smickles	and he did recently make a 1% payment	[20:25]
mircea_popescu	you have cases with 10k a month which come to 200 btc.	[20:25]
mircea_popescu	or you have mtgox, which clears about enough to cover its costs.	[20:25]
MJR_III	mircea_popescu: how do you figure?	[20:25]
MJR_III	;;ticker	[20:25]
gribble	BTCUSD ticker \| Best bid: 89.03000, Best ask: 89.50999, Bid-ask spread: 0.47999, Last trade: 89.03000, 24 hour volume: 155306.17401255, 24 hour low: 75.00111, 24 hour high: 94.32000, 24 hour vwap: 86.37012	[20:25]
smickles	and really, because of his jurisdiction, he owes the usd value of the btc at the time of the theft	[20:26]
mircea_popescu	MJR_III simply like this : i look at the immense fees.	[20:26]
mircea_popescu	since there's no competition on fees its clearly not a profitable space.	[20:26]
MJR_III	;;calc 155306 * 86.37 * .004	[20:26]
gribble	53655.11688	[20:26]
MJR_III	there expenses are higher than 53k a day?	[20:26]
mircea_popescu	a day ?	[20:26]
MJR_III	that is their volume for the last 24 hours	[20:26]
MJR_III	at current vwap	[20:27]
smickles	MJR_III: do the 30day avg/30	[20:27]
mircea_popescu	i dont think theior avg is 150 a day.	[20:27]
smickles	and this past month would't be the best indicator	[20:27]
MJR_III	true	[20:27]
MJR_III	but still	[20:27]
mircea_popescu	well, it looks better now for sure.	[20:27]
MJR_III	they make well over a million a month i think	[20:27]
mircea_popescu	but take a 1year outlook, it's healthier	[20:27]
MJR_III	good point	[20:27]
mircea_popescu	let's do some rl math :	[20:27]
MJR_III	i've been watching for a while	[20:27]
MJR_III	and they have a ton of volume and very high fees	[20:28]
MJR_III	and i believe that some of the fees is in dollars and some in btc...not sure how they work that out	[20:28]
smickles	let me do some sql	[20:28]
MJR_III	smickles: NICE	[20:28]
mircea_popescu	( 2400 salary + 2800 tax + 1500 fixed) * 5 = 30k usd in employee costs.	[20:28]
MJR_III	ugh, it doesn't auto-ignore tiberiusiv	[20:28]
MJR_III	ok...	[20:29]
MJR_III	with you so far	[20:29]
*	LainZ has quit (Ping timeout: 245 seconds)	[20:29]
*	knotwork_ has quit (Ping timeout: 258 seconds)	[20:29]
mircea_popescu	whatever you do for servers and the sysadmins etc	[20:29]
MJR_III	but also...just because they are the best and have first mover advantage does not mean that they are running a good exchange	[20:29]
mircea_popescu	fixed costs ate them alive all through 2012.	[20:30]
assbot	[BTCTC] [BASIC-MINING] 25 @ 0.37 = 9.25 BTC [+]	[20:30]
mircea_popescu	but this is the case of mtgox. be it as it may, in most spaces the top dog can at least pay his salt.	[20:30]
MJR_III	yeah i could see that	[20:30]
MJR_III	true	[20:30]
mircea_popescu	think a little about the 10k a month and under exchanges.	[20:30]
MJR_III	of course	[20:30]
MJR_III	lower expenses though	[20:30]
mircea_popescu	not really.	[20:31]
MJR_III	one person runs bitfloor	[20:31]
mircea_popescu	ya. and we've seen the costs of that.	[20:31]
MJR_III	and he owns it	[20:31]
MJR_III	well...	[20:31]
MJR_III	fair point	[20:31]
mircea_popescu	the thing is, it takes 9 months to get a child out of a woman. not negotiable.	[20:31]
mircea_popescu	you run an exchange you need some people. not negotiable.	[20:31]
MJR_III	but every exchange including mt gox and excluding mpex has been hacked	[20:31]
smickles	17590762.3519516 btc volume this year, if i mathed correctly	[20:31]
mircea_popescu	the guy that can do the job of 5 people is NOT cheaper than hiring the 5 people.	[20:31]
smickles	this year being the past 365 days to the second	[20:31]
MJR_III	nice	[20:31]
mircea_popescu	smickles so over 1mn a month even ?	[20:31]
smickles	;;calc 17590762.3519516/12	[20:32]
gribble	1465896.86266	[20:32]
MJR_III	around 1.5 mil	[20:32]
smickles	tiberiusiv: you don't like bitcoin magazine?	[20:32]
mircea_popescu	MJR_III now think of the legal bills to defend that million.	[20:33]
MJR_III	there are some costs true	[20:33]
smickles	kk	[20:33]
mircea_popescu	see, it's a mixed blessing. a year ago they made red ink but at least knew all the costs.	[20:33]
MJR_III	trust me, i understand the problems with trying to get the scale you need to make things worthwhile	[20:33]
mircea_popescu	today they make decent dough, but also need an entire arsenal at the ready.	[20:33]
MJR_III	but most businesses have to invest ahead of the growth curvve	[20:33]
MJR_III	like i always say, if you are not bullish on bitcoins, why start a company in this space	[20:34]
MJR_III	so as with all entrepreneurial endeveavors, there is risk and up front costs	[20:35]
mircea_popescu	Diablo-D3 i don't see them using a dc honestly.	[20:35]
MJR_III	but that is the bet you want to make, if you believe you are right	[20:35]
Diablo-D3	mircea_popescu: they already are	[20:35]
mircea_popescu	if i were runningtheir outfit i'd rend out a warehouse with a good triphase line	[20:35]
mircea_popescu	somethingthat had a crane or w/e	[20:35]
Diablo-D3	just some shitty chinese ones	[20:35]
smickles	tiberiusiv: so you suggest that he's a scammer b/c he's romainian and allows people to post pictures you don't like, i understand that. What would you suggest my course of action be based on this information?	[20:36]
mircea_popescu	or whatever you call industrial power in english. 380 volt	[20:36]
MJR_III	lol	[20:36]
MJR_III	smickles is so polite	[20:36]
Diablo-D3	mircea_popescu: you mean 400v on site?	[20:36]
mircea_popescu	yeah	[20:36]
assbot	[BTCTC] [RSM] 1 @ 0.00301 BTC [-]	[20:36]
mircea_popescu	there's plenty of practically abandoned industrial space	[20:36]
Diablo-D3	mircea_popescu: easier to just have 208v three phase and then bring it down to 48v dc	[20:37]
MJR_III	mircea_popescu: you need triphase if you are going to have that much	[20:37]
mircea_popescu	><< a warehouse with a good triphase line <><	[20:37]
MJR_III	yep	[20:37]
mircea_popescu	and just pile them in there, forget a dc.	[20:37]
mircea_popescu	get an actual optic fiber link	[20:37]
assbot	[BTCTC] [RSM] 1 @ 0.00301 BTC [-]	[20:37]
MJR_III	that is what the data centers we use hve	[20:37]
Diablo-D3	mircea_popescu: yeah, but all you're doing is making it into a DC	[20:37]
mircea_popescu	which most cities you can have installed for w/e, 1k per meter or somesuch	[20:37]
mircea_popescu	Diablo-D3 minus a lot of the overhead. i think at least.	[20:38]
mircea_popescu	just napkinning here.	[20:38]
Diablo-D3	no, you just need to recreate the overhead	[20:38]
Diablo-D3	cooling is not cheap	[20:38]
MJR_III	Diablo-D3: i was wondering about that today	[20:38]
MJR_III	cooling costs	[20:38]
mircea_popescu	you just...	[20:38]
mircea_popescu	o i know!	[20:38]
smickles	ok, so add the lack of a mainstream interview to evidence that he's a scammer	[20:38]
mircea_popescu	you just dump nitro ice on the ground	[20:38]
MJR_III	why has no one tried this? http://www.youtube.com/watch?v=PtufuXLvOok	[20:39]
jcpham	i've seen a submerged oil rig	[20:39]
jcpham	with my eyes	[20:39]
smickles	tiberiusiv: kk, fraud does seem more apt than scammer	[20:39]
mircea_popescu	but anyway, maybe you're right Diablo-D3, dc is the way to go	[20:39]
jcpham	not something i'd want to do	[20:39]
MJR_III	yes, why has no one tried an oil rig for a miner?	[20:39]
jcpham	pretty messy to un-submerge	[20:39]
*	Chilca (~Chilca@c-67-164-89-68.hsd1.ca.comcast.net) has joined #bitcoin-assets	[20:39]
mircea_popescu	MJR_III what;'s the benefit ?	[20:40]
MJR_III	well you should probably never unsubmerge, or once a year	[20:40]
MJR_III	they can get cpu's up to 8ghz	[20:40]
smickles	tiberiusiv: I would be upset too if i had an operation the size of mpex and got left out of media attention	[20:40]
MJR_III	vs 3ghz normally	[20:40]
MJR_III	it won't interfere with the electrical operations but dissipates heat better	[20:40]
jcpham	to do gpu's you'd have to remove the fans	[20:40]
MJR_III	yes	[20:40]
jcpham	so heatsink only	[20:40]
MJR_III	i was thinking an asic though would be heatsink only	[20:40]
jcpham	i assume that oil dissipates more heat than air no matter what	[20:41]
MJR_III	and then you pump the oil through a cooler	[20:41]
smickles	tiberiusiv: i don't think he exaggerates, he just speaks of the notational numbers because they are bigger	[20:41]
Diablo-D3	mircea_popescu: why do you think I'm working out a $250m plan thats all involving a DC?	[20:41]
mircea_popescu	o THAT kind of oil rig	[20:41]
MJR_III	hehehe	[20:41]
jcpham	seems like gpus would really heat up oil	[20:41]
mircea_popescu	i was wtfing all to hell here thining you know... crude oil	[20:41]
jcpham	much more so than you think	[20:41]
MJR_III	i'm sure they would	[20:41]
MJR_III	but you can pump it through a cooler	[20:41]
jcpham	oh so the oil is cooled	[20:41]
MJR_III	and i am almost certain you could clock them faster	[20:41]
MJR_III	saying you COULD cool the oil i think in this example there was no need	[20:42]
mircea_popescu	jcpham use a heat exchanger to power a little steam turbine	[20:42]
jcpham	gpu mining really should be dead at this point	[20:42]
mircea_popescu	infinitr power	[20:42]
smickles	tiberiusiv: I haven't noticed an exaggeration. Are you talking about something you saw in irc or on a webpage?	[20:42]
jcpham	no sense in it	[20:42]
MJR_III	jcpham: i mean for a real industrial asic plant	[20:42]
assbot	[MPEX] [S.MPOE] 2000 @ 0.00068292 = 1.3658 BTC [+]	[20:42]
MJR_III	its a super simple chip at the end of the day	[20:42]
MJR_III	and all that matters is clock cycles	[20:43]
MJR_III	so just try to do more per second	[20:43]
MJR_III	in fact...you wouldn't even need most of the stuff to be submerged	[20:43]
MJR_III	just the asic...and use a raspberry pi or whatever as the controller...it could hold the blockchain etrc	[20:43]
mircea_popescu	i wonder if it'd be practical to make your asic farm in a small siberian town	[20:44]
mircea_popescu	and just aircool	[20:44]
MJR_III	i wonder	[20:44]
MJR_III	that could also work	[20:44]
smickles	tiberiusiv: though, that market cap does seem high to me, it is consistant with the amount of buys from people other than mircea_popescu that I know of myself	[20:44]
mircea_popescu	eh gtfo. facebook doesn't have a revenue model, is worth 100bn	[20:45]
MJR_III	not sure if even cold siberian air would allow for the levels of ghz that oil would	[20:45]
mircea_popescu	mpex makes money since day one, 50mn is too hig.	[20:45]
mircea_popescu	bitch, you got it backwards.	[20:45]
smickles	tiberiusiv: most of the activity happening when mircea_popescu is around, doesn't really indicate that mircea_popescu is the cause of said activity	[20:45]
MJR_III	i wouldn't engage, you are giving him what he wants	[20:45]
mircea_popescu	MJR_III lol engage, that word got ruined by startrek	[20:45]
MJR_III	lol	[20:46]
MJR_III	i like star trek somewhat	[20:46]
MJR_III	only really original and next generation	[20:46]
mircea_popescu	MJR_III not air. WATER! run a stream through your thing	[20:46]
MJR_III	you could water cool too	[20:46]
smickles	tiberiusiv: you don't think that activity could increase from other people in similar timezones to mircea_popescu ?	[20:46]
MJR_III	but i think oil is the best heat dissapater	[20:46]
TomServo	tiberiusiv: which one of these is you? http://www.youtube.com/watch?v=rWiyonefHXo	[20:47]
mircea_popescu	nah, water is like 4300 caloric capacity	[20:47]
MJR_III	and any gain from siberian cold could be translated to oil	[20:47]
MJR_III	acute heat dissapation	[20:47]
MJR_III	the oil can actually touch the chip	[20:47]
MJR_III	the water can't	[20:47]
smickles	tiberiusiv: aslo, from what i've read of the polimedia financials, most of his money used to come from consulting	[20:47]
smickles	how can that be true?	[20:48]
smickles	surely there are business in romania	[20:48]
MJR_III	so i think that at 6hz and above...you have to worry about the small times where the heat is still on the chip before the water can suck it up	[20:49]
MJR_III	smickles: careful, if you keep disagreeing you will be poor	[20:49]
MJR_III	smickles: or young	[20:49]
smickles	MJR_III: if you notice, i granted him the fact that mircea_popescu is a fraud and asked him what i should do about it	[20:49]
mircea_popescu	dude you should stop highlighting me for one	[20:50]
MJR_III	ok, nvm you are rich	[20:50]
*	Chilca has quit (Remote host closed the connection)	[20:50]
smickles	tiberiusiv: our current president is from one of the most corrupt places in 'merica	[20:50]
jcpham	mircea_popescu did you know romania si the most corrupt place in europe	[20:50]
mircea_popescu	since when ?!	[20:50]
jcpham	mircea_popescu did you know i can buy a judge for $500	[20:50]
mircea_popescu	eh get out.	[20:50]
jcpham	i read about it in this channel recently	[20:50]
jcpham	sorry no citations for sources, though	[20:51]
MJR_III	LOL	[20:51]
jcpham	you'll have to trust me	[20:51]
mircea_popescu	ok. can i have 2 ?	[20:51]
smickles	and america is ripe for bashing, it does a lot of stupit shit	[20:51]
MJR_III	sure does	[20:51]
mircea_popescu	anyway, i'd say romania is about as corrupt as france.	[20:51]
smickles	at the cost of waging war everywhere	[20:52]
mircea_popescu	way behindplaces like spain or italy... or greece	[20:52]
smickles	'everywhere'	[20:52]
mircea_popescu	kinda ahead of whatever, austria	[20:52]
*	DeaDTerra1 (~DeaDTerra@226.169.216.81.static.apv.siw.siwnet.net) has joined #bitcoin-assets	[20:52]
*	DeaDTerra1 has quit (Read error: Connection reset by peer)	[20:52]
*	Guest63700 (~DeaDTerra@226.169.216.81.static.apv.siw.siwnet.net) has joined #bitcoin-assets	[20:52]
*	Guest63700 is now known as DeaDTerra1	[20:52]
MJR_III	anyways, i think if you could hash 2.5x as fast...you would be making a ton of money	[20:54]
Diablo-D3	nc -v miku.acm.uiuc.edu 23	[20:54]
mircea_popescu	pic related : http://polimedia.us/dtng/c/src/13642337509.jpg	[20:54]
smickles	coming from a country where our dear leader has a public assasination list, corruption doesn't sound all that bad	[20:54]
smickles	tiberiusiv: that video looks decades old, is it still like that?	[20:57]
*	knotwork (~markm@142.68.81.168) has joined #bitcoin-assets	[20:58]
*	knotwork has quit (Changing host)	[20:58]
*	knotwork (~markm@unaffiliated/knotwork) has joined #bitcoin-assets	[20:58]
smickles	tiberiusiv: how come that video has a bunch of comments saying that it's not like that anymore?	[20:58]
*	DeaDTerra1 has quit (Read error: Connection reset by peer)	[20:59]
smickles	i don't think poverty = corruption	[20:59]
*	Guest63700 (~DeaDTerra@226.169.216.81.static.apv.siw.siwnet.net) has joined #bitcoin-assets	[20:59]
*	Guest63700 is now known as DeaDTerra1	[20:59]
assbot	[HAVELOCK] [SDICE] 10 @ 0.44 = 4.4 BTC [-]	[20:59]
*	jborkl (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets	[21:00]
DeaDTerra1	Looking to borrow fiat on MtGox or Bitstamp!	[21:00]
smickles	DeaDTerra1: how much?	[21:01]
*	daybyter has quit (Remote host closed the connection)	[21:02]
*	daybyter (~andreas@88-134-88-178-dynip.superkabel.de) has joined #bitcoin-assets	[21:03]
DeaDTerra1	10k$ ish, btcx.se (where I work) are totally out of float, people just got their salaries and it's now a four day holiday in Sweden...	[21:04]
DeaDTerra1	we need to stack up some float as we are already zeroed and the weekend just started	[21:05]
smickles	I think 10k is above my legal limit	[21:05]
DeaDTerra1	I can take lower amounts, as I said. We are zeroed :P I am quite desperate for any amount I can get my hands on. btcx will repay it on Monday/Tuesday when our wire hits MtGox	[21:07]
mircea_popescu	https://bitcointalk.org/index.php?topic=160292.msg1700657#msg1700657	[21:09]
mircea_popescu	ahaha good 1	[21:09]
bugpowderr	DeaDTerra1: what rate?	[21:11]
DeaDTerra1	Let me check with the CEO ^^	[21:11]
smickles	oh, this state doesn't have an amount limit	[21:12]
*	topace (~kvirc@unaffiliated/topace) has joined #bitcoin-assets	[21:12]
smickles	or an interest rate limit if the rate is in a contract	[21:12]
MJR_III	smickles: how is it in the jurisdiction of the state?	[21:13]
MJR_III	thought it would be in japan	[21:13]
smickles	MJR_III: i'm not sure how jurisdiction would play out, so i default to where I am	[21:13]
MJR_III	makes sense	[21:14]
DeaDTerra1	We are willing to offer 0.5-1% for a loan from today to Monday/Tuesday when the wire hits out MtGox account.	[21:14]
DeaDTerra1	does it sound reasonable?	[21:14]
bugpowderr	It's not unreasonable, but not sufficient for me. Sorry	[21:15]
mircea_popescu	maybe putting a btc ask for a slightly above mkt price may work naturally to attract fiat ?	[21:17]
DeaDTerra1	Okay no problem :), if you change your mind just pm me	[21:19]
*	nanotube has quit (Ping timeout: 256 seconds)	[21:20]
DeaDTerra1	Would work if we actually had some bitcoins :P	[21:20]
assbot	[MPEX] [S.MPOE] 17500 @ 0.0006742 = 11.7985 BTC [-]	[21:20]
assbot	[MPEX] [S.MPOE] 800 @ 0.00067177 = 0.5374 BTC [-]	[21:20]
DeaDTerra1	We have sent out all our bitcoins to customers	[21:20]
MJR_III	makes sense...so you can't fill new orders?	[21:21]
ZedsterX	Gox getting DDoSed?	[21:21]
mircea_popescu	ZedsterX tux announced it 12 hours ago	[21:21]
MJR_III	wouldn't it make sense to borrow btc then?	[21:21]
DeaDTerra1	nope, we get people who want to buy Bitcoins in Sweden, and we do not have float to buy bitcoins and send them out to the customers :9	[21:21]
ZedsterX	thank ya sir	[21:21]
mircea_popescu	no bitcoin no fiat 0.0	[21:21]
*	gribble has quit (Ping timeout: 256 seconds)	[21:21]
DeaDTerra1	It would except we kind of do not want the exchange risk of borrowing BTC	[21:21]
MJR_III	well they have fiat waiting on the wire	[21:22]
DeaDTerra1	well, we have Fiat tons of it, just not on mtgox :)	[21:22]
MJR_III	DeaDTerra1: good point	[21:22]
MJR_III	a future contract maybe...	[21:22]
MJR_III	;)	[21:22]
bugpowderr	hmmm....	[21:22]
bugpowderr	pming you	[21:22]
DeaDTerra1	We have about 70k $ wire transfer on it's way to MtGox but due to bank holiday and easter it will not hit mtgox until after this weekend	[21:23]
DeaDTerra1	I will become that desperate tomorrow :P	[21:23]
DeaDTerra1	then I am thinking of just longing on bitfinex to hedge the risk and borrow BTC	[21:23]
kakobrekla	O_O	[21:23]
kakobrekla	is this bitmarket.eu rehash	[21:23]
MJR_III	short term commercial paper is so far an emerging market	[21:24]
bugpowderr	DeaDTerra1: I have a proposal, pm me.	[21:24]
MJR_III	but very interesting	[21:24]
DeaDTerra1	Yea, I would love to have a connect to future/option market	[21:24]
DeaDTerra1	so you can connect your backend and hedge all exchange risks	[21:25]
sturles	DeaDTerra1: If you sent to the bank in Japan, they don't have any Easter holidays there.	[21:25]
DeaDTerra1	it would be really cool	[21:25]
MJR_III	mpex?	[21:25]
mircea_popescu	DeaDTerra1 and why don;t you ?	[21:25]
mircea_popescu	a nm, no bitcoin i forgot.	[21:25]
DeaDTerra1	In our normal buisiness model this is not needed and also we do not have Bitcoins as our float but USD/SEK	[21:25]
DeaDTerra1	otherwise I would have	[21:26]
MJR_III	interesting	[21:26]
MJR_III	why do most exchanges collect fees in fiat...	[21:26]
DeaDTerra1	No they do not, but Swedish banks do and people just got their salary. The wire was sent yesterday so I expect it to reach Mtgod on monday/tuesday.	[21:26]
mircea_popescu	revisting bitmarket.eu :	[21:26]
mircea_popescu	"Unfortunately, without proper funding and with limited manpower running a project of this magnitude has proven to be very difficult. Recently, these problems caused for a group of users trouble and losses of funds. Ultimately, that's why we decided to shut down BitMarket.eu and stopped trading."	[21:26]
MJR_III	ah ok	[21:26]
mircea_popescu	that's a nice way to put it	[21:27]
DeaDTerra1	Didn't expect this volume :P, I guess it's the combination of everyone that wants in before the holidays and that they just got their salaries	[21:27]
MJR_III	yeah, holiday weekends are interesting	[21:27]
bugpowderr	is gox down for anyone else?	[21:27]
MJR_III	smickles: do you think that tax returns will inject more cash into the btc economy	[21:27]
kakobrekla	bugpowderr ddos	[21:28]
kakobrekla	but it opens to me	[21:28]
kakobrekla	right now	[21:28]
MJR_III	i'im on it right now	[21:28]
kakobrekla	also ziggap .. dat is fucked eh?	[21:28]
MJR_III	whats with all the ddos'ing lately	[21:28]
bugpowderr	MJR_III: yeah for sure	[21:29]
kakobrekla	re ziggap https://bitcointalk.org/index.php?topic=146611.msg1700531#msg1700531	[21:29]
MJR_III	good article	[21:31]
MJR_III	management, management, management	[21:31]
bugpowderr	its a same Deprived doesn't hang out here	[21:32]
MJR_III	yeah	[21:32]
bugpowderr	shame	[21:33]
MJR_III	figured that's what you meant	[21:33]
thestringpuller	;;ticker	[21:33]
thestringpuller	nooo	[21:33]
ThickAsThieves	I have Deprived my coinbr referall as a tip, and invited him here	[21:33]
*	tiberiusiv has quit (Ping timeout: 276 seconds)	[21:34]
ThickAsThieves	he said he'd consider it	[21:34]
ThickAsThieves	once his laptop was fixed	[21:34]
*	nanotube (~nanotube@unaffiliated/nanotube) has joined #bitcoin-assets	[21:34]
ThickAsThieves	have=gave	[21:34]
MJR_III	nice	[21:34]
MJR_III	i don't really like the bitcointalk forums, so i am glad you guys are here to tell me the best articles	[21:35]
jborkl	MJR_III : I was wrong about the diff retarget- my bad	[21:36]
MJR_III	jborkl: no worries	[21:36]
MJR_III	;;calc 6695826.2825963*4	[21:37]
*	nanotube has quit (Excess Flood)	[21:37]
assbot	[HAVELOCK] [SDICE] 50 @ 0.445 = 22.25 BTC [+]	[21:38]
*	nanotube (~nanotube@unaffiliated/nanotube) has joined #bitcoin-assets	[21:40]
*	rdponticelli has quit (Ping timeout: 258 seconds)	[21:43]
*	gribble (~gribble@unaffiliated/nanotube/bot/gribble) has joined #bitcoin-assets	[21:43]
*	gribble has quit (Remote host closed the connection)	[21:44]
*	rdponticelli (~rdpontice@200-081-038-165.wireless.movistar.net.ar) has joined #bitcoin-assets	[21:45]
mircea_popescu	bugpowderr tell him. i have.	[21:46]
bugpowderr	i sent him a message	[21:47]
thestringpuller	!ticker h HIM	[21:47]
assbot	[HAVELOCK:HIM] 1D: 1.80000000 / 1.83999412 / 1.92000000 (17 shares, 31.27990000 BTC), 7D: 1.41000000 / 1.72493945 / 2.00000000 (180 shares, 310.48910090 BTC), 30D: 1.40000000 / 1.8649577 / 17.25000000 (715 shares, 1333.44475269 BTC)	[21:47]
thestringpuller	!ticker m S.mPoe	[21:47]
assbot	[MPEX:S.MPOE] 1D: 0.00062187 / 0.00066672 / 0.00068292 (568576 shares, 379.08 BTC), 7D: 0.0006 / 0.00066359 / 0.00071369 (2166747 shares, 1,437.85 BTC), 30D: 0.0006 / 0.00073309 / 0.00078628 (17281635 shares, 12,669.03 BTC)	[21:47]
*	nanotube has quit (Ping timeout: 245 seconds)	[21:47]
*	gribble (~gribble@unaffiliated/nanotube/bot/gribble) has joined #bitcoin-assets	[21:48]
*	rdponticelli has quit (Ping timeout: 245 seconds)	[21:50]
assbot	[HAVELOCK] [SDICE] 3 @ 0.40001 = 1.2 BTC [-]	[21:50]
assbot	[HAVELOCK] [SDICE] 5 @ 0.391 = 1.955 BTC [-]	[21:51]
assbot	[HAVELOCK] [SDICE] 2 @ 0.39 = 0.78 BTC [-]	[21:51]
*	rdponticelli (~rdpontice@200-081-038-165.wireless.movistar.net.ar) has joined #bitcoin-assets	[21:52]
*	nanotube (~nanotube@unaffiliated/nanotube) has joined #bitcoin-assets	[21:55]
assbot	[MPEX] [S.DICE] 3600 @ 0.00394014 = 14.1845 BTC [-]	[21:57]
smickles	MJR_III: people tend to spend tax returns on stupid shit, and i'm sure there are plenty of people who consider bitcoins stupid shit	[21:59]
assbot	[MPEX] [S.MPOE] 2109 @ 0.00068292 = 1.4403 BTC [+]	[22:02]
assbot	[MPEX] [S.MPOE] 1300 @ 0.00068293 = 0.8878 BTC [+]	[22:02]
assbot	[MPEX] [S.MPOE] 5000 @ 0.00068294 = 3.4147 BTC [+]	[22:02]
assbot	[MPEX] [S.MPOE] 15191 @ 0.00068314 = 10.3776 BTC [+]	[22:02]
bugpowderr	lol	[22:03]
bugpowderr	Yah, people think "free money!" Let's roll the dice	[22:04]
*	KRS-1 has quit (Quit: Konversation terminated!)	[22:05]
smickles	i plan to use my 'return' on my car loan	[22:05]
smickles	you fuckers gave me about 5 grand in eic	[22:06]
smickles	thanks :D	[22:06]
bugpowderr	;;bids 0	[22:06]
bugpowderr	no gribbbbber?	[22:06]
smickles	;;pet	[22:06]
gribble	purrrrrrrr	[22:06]
smickles	bugpowderr: no gox	[22:07]
*	damientrog (~dtrog@109.130.49.223) has joined #bitcoin-assets	[22:07]
bugpowderr	i wanna know the summed bids	[22:09]
bugpowderr	That wall at 76 must have put us over 10MM	[22:09]
smickles	214000	[22:10]
smickles	76: 55000	[22:10]
smickles	(both in btc)	[22:10]
smickles	;;bids 0	[22:10]
assbot	[BTCTC] [COGNITIVE] 2 @ 0.131 = 0.262 BTC [-]	[22:10]
assbot	[BTCTC] [BASIC-MINING] 2 @ 0.37 = 0.74 BTC [+]	[22:12]
assbot	[HAVELOCK] [SDICE] 18 @ 0.39 = 7.02 BTC [-]	[22:12]
assbot	[HAVELOCK] [SDICE] 1 @ 0.380112 BTC [-]	[22:13]
assbot	[HAVELOCK] [SDICE] 2 @ 0.3700001 = 0.74 BTC [-]	[22:13]
assbot	[HAVELOCK] [SDICE] 1 @ 0.37000001 BTC [-]	[22:13]
assbot	[HAVELOCK] [SDICE] 1 @ 0.36 BTC [-]	[22:13]
assbot	[HAVELOCK] [SDICE] 10 @ 0.355 = 3.55 BTC [-]	[22:13]
assbot	[HAVELOCK] [SDICE] 17 @ 0.35 = 5.95 BTC [-]	[22:13]
bugpowderr	approaching minimum 24hr vwap...	[22:14]
ThickAsThieves	havelockers will not stand for no divs!	[22:14]
ThickAsThieves	hehe	[22:14]
topace	arbitrage	[22:14]
topace	been getting a lot of push requests lately	[22:14]
topace	people buying on mpex and selling on havelock	[22:15]
assbot	[BTCTC] [PAJKA.BOND] 1 @ 0.1075 BTC [+]	[22:15]
ThickAsThieves	mpex has been hanging above .0037 for days no?	[22:15]
deadweasel	;;eauth	[22:16]
gribble	(eauth ) -- Initiate authentication for user . You must have registered a GPG key with the bot for this to work. You will be given a link to a page which contains a one time password encrypted with your key. Decrypt, and use the 'everify' command with it. Your passphrase will expire in 10 minutes.	[22:16]
assbot	[MPEX] [S.DICE] 3200 @ 0.0037 = 11.84 BTC [-]	[22:18]
assbot	[MPEX] [S.DICE] 2000 @ 0.003615 = 7.23 BTC [-]	[22:18]
assbot	[MPEX] [S.DICE] 1512 @ 0.00361 = 5.4583 BTC [-]	[22:18]
assbot	[MPEX] [S.DICE] 1000 @ 0.003601 = 3.601 BTC [-]	[22:18]
assbot	[MPEX] [S.DICE] 1000 @ 0.00360001 = 3.6 BTC [-]	[22:18]
pgp	based on the idea that asic devices will eventually start shipping, does anyone have an estimate on how much extra hashing power is likely to come online within the next few months?	[22:21]
*	blacktape has quit (Remote host closed the connection)	[22:22]
smickles	$vwap dice	[22:22]
mpexbot	smickles: S.DICE 1 day: average: 0.00396702 high: 0.00419995 low: 0.00360001 volume: 31375 btc: 124.46532743 7 day: average: 0.00339187 high: 0.0045 low: 0.0031 volume: 678237 btc: 2300.4892668 30 day: average: 0.00453418 high: 0.0063799 low: 0.00300001 volume: 1714919 btc: 7775.7474019	[22:22]
*	blacktape (~nodebot@ec2-54-234-143-6.compute-1.amazonaws.com) has joined #bitcoin-assets	[22:22]
topace	;;ticker h sdice	[22:23]
smickles	!	[22:23]
topace	lol yea	[22:23]
topace	!ticker h sdice	[22:23]
assbot	[HAVELOCK:SDICE] 1D: 0.35000000 / 0.40726766 / 0.46500000 (265 shares, 107.92593120 BTC), 7D: 0.35000000 / 0.46365078 / 0.53000000 (1486 shares, 688.98505175 BTC), 30D: 0.35000000 / 0.51934247 / 0.68950000 (5763 shares, 2992.97064753 BTC)	[22:23]
topace	!ticker mp s.dice	[22:23]
assbot	[MPEX:S.DICE] 1D: 0.00360001 / 0.00396702 / 0.00419995 (31375 shares, 124.47 BTC), 7D: 0.0031 / 0.00339186 / 0.0045 (678237 shares, 2,300.49 BTC), 30D: 0.00300001 / 0.00453417 / 0.0063799 (1714919 shares, 7,775.75 BTC)	[22:23]
topace	not bad for havelock having 10% of the shares	[22:24]
*	damientrog has quit (Quit: damientrog)	[22:26]
smickles	you mean 1% ;)	[22:27]
topace	well 10% of the shares that are actually trading on mpex	[22:28]
topace	more than 1% of the toal	[22:28]
topace	1.3% !	[22:28]
*	Guest2342 (~andygr@221.Red-80-24-93.staticIP.rima-tde.net) has joined #bitcoin-assets	[22:29]
assbot	[MPEX] [S.DICE] 1784 @ 0.00337335 = 6.0181 BTC [-]	[22:30]
*	benkay has quit (Quit: benkay)	[22:33]
assbot	[MPEX] [S.MPOE] 17200 @ 0.00068081 = 11.7099 BTC [-]	[22:33]
assbot	[MPEX] [S.MPOE] 32150 @ 0.00067177 = 21.5974 BTC [-]	[22:33]
*	Guest2342 (~andygr@221.Red-80-24-93.staticIP.rima-tde.net) has left #bitcoin-assets	[22:33]
pgp	what's the deal with gox allowing you to put in orders that exceed your balance?	[22:35]
smickles	pgp: bugpowderr seems to know more about it, but basically, they let you do it	[22:35]
smickles	$vwap mpoe	[22:35]
mpexbot	smickles: S.MPOE 1 day: average: 0.00067061 high: 0.00068314 low: 0.0006357 volume: 604261 btc: 405.22276531 7 day: average: 0.00066388 high: 0.00071369 low: 0.0006 volume: 2226197 btc: 1477.93072672 30 day: average: 0.00073286 high: 0.00078628 low: 0.0006 volume: 17354585 btc: 12718.4554152	[22:35]
pgp	so, concievable much of the order book dept could be totally bogus	[22:36]
assbot	[BTCTC] [ASICMINER-PT] 14 @ 0.7514 = 10.5196 BTC [+]	[22:36]
smickles	bugpowderr seems to think it isnt	[22:36]
assbot	[BTCTC] [ASICMINER-PT] 10 @ 0.7513 = 7.513 BTC [-]	[22:36]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.7511 BTC [-]	[22:37]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.751 BTC [-]	[22:37]
assbot	[BTCTC] [COGNITIVE] 40 @ 0.131 = 5.24 BTC [-]	[22:37]
assbot	[BTCTC] [ASICMINER-PT] 2 @ 0.75 = 1.5 BTC [-]	[22:37]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]	[22:37]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.75 BTC [-]	[22:37]
bugpowderr	pgp all orders that display in the book are fully funded	[22:37]
assbot	[BTCTC] [ASICMINER-PT] 4 @ 0.745 = 2.98 BTC [-]	[22:37]
bugpowderr	you can place additional orders, but they will be listed as 'insufficient funds' and will not show on the book.	[22:38]
error4733	topace : https://bitcointalk.org/index.php?topic=101902.msg1700294#msg1700294	[22:38]
pgp	got it...	[22:38]
bugpowderr	They will appear on the book if you add additional funds	[22:38]
bugpowderr	for example, if you are waiting for funds to clear, but you want to go to sleep, you can place the order and go to sleep	[22:39]
bugpowderr	when funds clear it will automatically hit the book	[22:39]
kakobrekla	well this is fun https://bitcointalk.org/index.php?topic=160527.0;topicseen	[22:40]
jcpham	bleh	[22:42]
jcpham	so much text and screenshots	[22:42]
*	tiberiusiv (~tiberiusi@gateway/tor-sasl/tiberiusiv) has joined #bitcoin-assets	[22:45]
*	fooooooooo has quit (Quit: Page closed)	[22:46]
deadweasel	kakobrekla: it's like daytime television.	[22:46]
topace	heh so bfl now has a working asic, but its using too much power	[22:47]
topace	funny	[22:47]
deadweasel	it's probably catching fire	[22:47]
kakobrekla	what	[22:47]
kakobrekla	sauce?	[22:47]
pgp	they subcontracted to boeing...	[22:47]
Ukto	does this mean bfl will putoff releasing the asics until they get power under control ?	[22:47]
smickles	;;bc,24hprc	[22:48]
gribble	86.09	[22:48]
topace	We've been tracking down a power issue these last few days and have it isolated to a few key systems. In the interest of time, we are planning on potentially scaling back units hashing speed as required to accommodate the extra power and shipping multiple units to those that want their units right now. If would would prefer to wait for a unit after we've made some changes to the systems that need a bit of tweaking, we will be happy to put your sh	[22:48]
topace	ipment on hold. However, if you'd rather have the units right now at an increased power usage, we will ship you as many units as required to get you to the hashrate your purchased, if we end up having to scale back any given class of unit to fit within the power envelope of the current board design.	[22:48]
topace		[22:48]
assbot	[BTCTC] [PAJKA.BOND] 10 @ 0.09 = 0.9 BTC [-]	[22:48]
thestringpuller	!ticker m s.mpoe	[22:48]
assbot	[MPEX:S.MPOE] 1D: 0.0006357 / 0.0006706 / 0.00068314 (604261 shares, 405.22 BTC), 7D: 0.0006 / 0.00066388 / 0.00071369 (2226197 shares, 1,477.93 BTC), 30D: 0.0006 / 0.00073285 / 0.00078628 (17354585 shares, 12,718.46 BTC)	[22:48]
assbot	[BTCTC] [PAJKA.BOND] 10 @ 0.1001 = 1.001 BTC [+]	[22:48]
thestringpuller	ahahahahaha	[22:48]
thestringpuller	mircea_popescu: you are my bitcoin hero	[22:48]
taub	dawwnn of battle, bears, CHARGE	[22:48]
thestringpuller	;;ticker	[22:49]
thestringpuller	oh no gribble is down	[22:50]
*	Ixitachil has quit (Remote host closed the connection)	[22:51]
bugpowderr	gonna be a fun weekend	[22:54]
pgp	bugpowderr - any predictions?	[22:55]
*	rdponticelli has quit (Ping timeout: 245 seconds)	[22:56]
pgp	;;goxlag	[22:56]
gribble	0 seconds	[22:56]
assbot	[HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]	[22:57]
*	bugpowderr has quit (Ping timeout: 245 seconds)	[22:58]
assbot	[BTCTC] [GSDPT] 10 @ 0.004087 = 0.0409 BTC [+]	[23:01]
assbot	[BTCTC] [GSDPT] 20 @ 0.00409 = 0.0818 BTC [+]	[23:01]
assbot	[BTCTC] [GSDPT] 2 @ 0.004113 = 0.0082 BTC [+]	[23:01]
assbot	[MPEX] [S.MPOE] 36569 @ 0.00067177 = 24.566 BTC [-]	[23:01]
assbot	[MPEX] [S.MPOE] 13381 @ 0.00067955 = 9.0931 BTC [+]	[23:01]
*	rdponticelli (~rdpontice@200-081-038-165.wireless.movistar.net.ar) has joined #bitcoin-assets	[23:02]
*	Bugpowder (cef100f9@gateway/web/freenode/ip.206.241.0.249) has joined #bitcoin-assets	[23:02]
*	bowjob has quit (Quit: Page closed)	[23:06]
mircea_popescu	of all the stupid bs forum drama	[23:06]
mircea_popescu	that avalon thing...	[23:06]
*	rdponticelli has quit (Ping timeout: 245 seconds)	[23:06]
*	rdponticelli (~rdpontice@200-081-038-165.wireless.movistar.net.ar) has joined #bitcoin-assets	[23:08]
jcpham	http://i.imgur.com/Wq5jpqx.jpg	[23:09]
pgp	lots of drama	[23:11]
MJR_III	to all those people saying btc isn't backed by anything...it's backed by drama	[23:12]
pgp	it's a 1849 style gold rush in ASICs right now	[23:13]
MJR_III	yep and i think avalon is the clear winner so far	[23:13]
MJR_III	pickaxes	[23:13]
pgp	makes people craxy	[23:13]
MJR_III	the bitbet BFL decision will be fun to watch	[23:13]
pgp	those pickaxes have gone up in value ALOT since they wre pre-ordered...	[23:14]
MJR_III	yep	[23:14]
pgp	ebay list many of them at 1000% of MSRP	[23:14]
MJR_III	think they sold out batch 3 in under an hour...thats 600 x 80 btc AT LEAST for a total of 24000 btc	[23:15]
pgp	how many TH in batch 3?	[23:15]
MJR_III	;;calc 24000*88	[23:15]
gribble	2112000	[23:15]
MJR_III	not a bad sale i would say	[23:16]
MJR_III	i think batch 3 was 600 units at 66gh each	[23:16]
MJR_III	minimum	[23:16]
MJR_III	you could order the 88gh version	[23:16]
error4733	1/3 at 86 imo	[23:16]
error4733	*88	[23:16]
MJR_III	yep	[23:16]
MJR_III	so...200 * 88 and 400 * 66	[23:17]
error4733	;;calc 66*400	[23:17]
gribble	26400	[23:17]
error4733	;;calc 88*200	[23:17]
gribble	17600	[23:17]
MJR_III	;;calc 26400+17600	[23:17]
gribble	44000	[23:17]
error4733	;;calc 17600+26400 /1000	[23:17]
gribble	17626.4	[23:17]
MJR_III	44 TH	[23:18]
pgp	http://mineforeman.com/2013/03/04/more-avalon-asic-miners-delivered/	[23:18]
pgp	say that batch 1 and 2 ws a total of 60 TH - 100% of current network hash rate	[23:18]
error4733	;;diff	[23:18]
MJR_III	pgp: i don't think it would be that much	[23:18]
MJR_III	the largest batch was batch 3	[23:18]
MJR_III	and that is a total of 44 TH	[23:19]
MJR_III	batch 2 was half the size	[23:19]
MJR_III	300 units	[23:19]
error4733	any shipping date for #3 ?	[23:19]
MJR_III	last i saw they pushed back	[23:19]
MJR_III	batch 2 is just getting delivered now	[23:19]
error4733	amazing story !	[23:19]
MJR_III	and i THINK, but i may be completely wrong, that may 15th is target delivery date for batch 3	[23:20]
MJR_III	Yifu wrote something about that but I can't find the link	[23:20]
error4733	still before than BFL imo :)	[23:20]
pizzaman1337	;;ticker	[23:21]
pizzaman1337	laaaag	[23:21]
MJR_III	error4733: yeah	[23:21]
pizzaman1337	;;goxlag	[23:21]
gribble	0 seconds	[23:21]
MJR_III	BFL keeps saying, oh tomorrow	[23:21]
*	benkay (~benkay@71-222-110-164.ptld.qwest.net) has joined #bitcoin-assets	[23:21]
MJR_III	avalon got it, they understood what it takes to get the product to market	[23:22]
MJR_III	AND understood that being first was more important	[23:22]
error4733	i guess you read that : http://www.reddit.com/r/Bitcoin/comments/1b8hvt/bfl_josh_updates_on_asic_status_full_transcript/	[23:22]
MJR_III	they used 110nm process	[23:22]
MJR_III	instead of 45nm	[23:22]
assbot	[BTCTC] [S.DICE-PT] 20 @ 0.00459 = 0.0918 BTC [+]	[23:22]
MJR_III	so BFL's stated design may be a better product	[23:22]
*	toffoo (~tof@201.53.123.46) has joined #bitcoin-assets	[23:23]
MJR_III	but so far it is nonexistent	[23:23]
bgupta	Yeah need to ship to stay in the game	[23:23]
ThickAsThieves	my response on the issue of flash IPOs and Early Bird priced IPOs: https://bitcointalk.org/index.php?topic=146611.msg1701638#msg1701638	[23:23]
bgupta	sometimes worse is better	[23:23]
MJR_III	just another example of management trumping design specs or programming knowledge	[23:23]
thestringpuller	!ticker m s.dice	[23:23]
assbot	[MPEX:S.DICE] 1D: 0.00337335 / 0.00393508 / 0.00419995 (33159 shares, 130.48 BTC), 7D: 0.0031 / 0.0033864 / 0.0045 (675670 shares, 2,288.09 BTC), 30D: 0.00300001 / 0.00453297 / 0.0063799 (1716703 shares, 7,781.77 BTC)	[23:23]
error4733	MJR, i always read yifu never thinks he can succes to be first	[23:24]
MJR_III	i know	[23:24]
MJR_III	he was trying to stave off monopoly by BFL	[23:24]
assbot	[BTCTC] [S.DICE-PT] 1 @ 0.00494 BTC [+]	[23:24]
error4733	so, 110nm	[23:24]
MJR_III	yes	[23:24]
MJR_III	just so there would be diversification in the market	[23:24]
error4733	was not a strategic choise for time	[23:24]
MJR_III	well...he could have waited	[23:24]
error4733	just more easy & cheaper	[23:24]
MJR_III	and prob done a smaller process	[23:24]
MJR_III	EXACTLY	[23:24]
MJR_III	he just got it done	[23:24]
MJR_III	cheaper and quicker	[23:25]
MJR_III	and it works and is being delivered	[23:25]
error4733	he want do the same with tablet	[23:25]
MJR_III	I think he felt pressure to keep up with BFL	[23:25]
MJR_III	but was just way better at execution than they were	[23:25]
assbot	[MPEX] [S.MPOE] 29500 @ 0.0006713 = 19.8034 BTC [-]	[23:25]
assbot	[MPEX] [S.MPOE] 13450 @ 0.00066822 = 8.9876 BTC [-]	[23:25]
MJR_III	fuck	[23:25]
*	Bugpowder has quit (Ping timeout: 245 seconds)	[23:25]
MJR_III	that was a lot of shares	[23:25]
MJR_III	someone thinks there won't be much of a dividend i guess	[23:26]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.7295 BTC [-]	[23:26]
error4733	i still think in this big money business, should be easy to give 50K$ in china to fuck up a concurrent	[23:26]
error4733	for 6 month	[23:27]
error4733	change a little setting in any part of the process and you get 6 more month delay	[23:27]
MJR_III	true	[23:27]
error4733	tinfoil hat	[23:28]
MJR_III	think its possible but unlikely	[23:28]
MJR_III	in this specific case, there were only 3 real contenders	[23:28]
MJR_III	so weird	[23:28]
MJR_III	mt.gox is laggier than bitcoinity.org	[23:29]
MJR_III	error4733: i hope that the tablet works	[23:33]
MJR_III	i think that one thing is becoming clear, from kickstarter projects and bitcoin projects, creating a cool website is not the same thing as creating a viable business	[23:33]
makomk	malaimo maximian midnightmagic MiningBuddy mircea_popescu MJR_ MJR_III mpexbot	[23:33]
makomk	malaimo maximian midnightmagic MiningBuddy mircea_popescu MJR_ MJR_III mpexbot	[23:33]
mircea_popescu	MJR_III better hosting :p	[23:34]
kakobrekla	http://bitbet.us/bet/307/bfl-will-deliver-asic-devices-before-july-1st/#c480	[23:34]
MJR_III	mircea_popescu: hehehe	[23:34]
kakobrekla	is this troll?	[23:34]
mircea_popescu	must be	[23:34]
kakobrekla	i wouldnt be suprised if it wasnt	[23:34]
MJR_III	but the main difference between web based ideas and the other businesses is interaction with the real world	[23:34]
MJR_III	everyone focuses on CEO/CTO in this space...but COO is where you really shine	[23:35]
KRS1	word.,	[23:36]
MJR_III	mircea_popescu: i wasn't aware that you did web hosting, but I saw the little hosted by mpex on bitcoinity	[23:38]
*	Bugpowder (cef100f9@gateway/web/freenode/ip.206.241.0.249) has joined #bitcoin-assets	[23:38]
*	daybyter has quit (Quit: Konversation terminated!)	[23:39]
*	DeaDTerra1 is now known as DeaDTerra	[23:39]
assbot	[MPEX] [S.MPOE] 3850 @ 0.00066822 = 2.5726 BTC [-]	[23:42]
assbot	[MPEX] [S.MPOE] 14850 @ 0.00066587 = 9.8882 BTC [-]	[23:42]
assbot	[MPEX] [S.MPOE] 1600 @ 0.00066529 = 1.0645 BTC [-]	[23:42]
*	cads (~m@c-76-17-110-13.hsd1.ga.comcast.net) has joined #bitcoin-assets	[23:43]
assbot	[HAVELOCK] [VTX] 2 @ 0.479 = 0.958 BTC [+]	[23:44]
smickles	lol, just got an email	[23:46]
smickles	mtgox will be depreciated on apr 10 due to legal issues	[23:46]
MJR_III	wait what?	[23:46]
smickles	*mtgoxusd/cad codes	[23:46]
MJR_III	yeah those will be deprecated i had heard	[23:46]
pgp	huh?	[23:47]
MJR_III	they can't use gox coupons	[23:47]
assbot	[MPEX] [S.MPOE] 1000 @ 0.00067955 = 0.6796 BTC [+]	[23:48]
*	blacktape has quit (Ping timeout: 245 seconds)	[23:50]
assbot	[HAVELOCK] [VTX] 5 @ 0.479 = 2.395 BTC [+]	[23:51]
assbot	[HAVELOCK] [VTX] 1 @ 0.479 BTC [+]	[23:52]
MJR_III	here we go	[23:53]
Bugpowder	It has begun	[23:53]
Bugpowder	I got my bid in at 76.2222	[23:54]
assbot	[HAVELOCK] [SDICE] 1 @ 0.41999996 BTC [+]	[23:54]
assbot	[HAVELOCK] [SDICE] 1 @ 0.41999997 BTC [+]	[23:54]
assbot	[HAVELOCK] [SDICE] 5 @ 0.41999998 = 2.1 BTC [+]	[23:55]
pgp	yep...	[23:55]
assbot	[HAVELOCK] [SDICE] 1 @ 0.41999999 BTC [+]	[23:55]
KRS1	what happens to gox accounts once "depreciated"	[23:55]
MJR_III	i'm in at 80	[23:55]
MJR_III	KRS1: he meant deprecated	[23:55]
pgp	2500 just went off	[23:55]
Bugpowder	;;bids 0	[23:55]
MJR_III	you just won't be able to withdraw USD via Mt. Gox USD codes i think	[23:55]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.739 BTC [+]	[23:56]
assbot	[BTCTC] [ASICMINER-PT] 2 @ 0.740995 = 1.482 BTC [+]	[23:56]
assbot	[BTCTC] [ASICMINER-PT] 1 @ 0.741 BTC [+]	[23:57]
KRS1	oh my bad thanks	[23:57]
MJR_III	i'm looking into the exact details	[23:57]
assbot	[HAVELOCK] [SDICE] 50 @ 0.42 = 21 BTC [+]	[23:58]

« Forum logs for 28 Mar 2013

Forum logs for 30 Mar 2013 »

Category: Logs

Comments feed : RSS 2.0. Leave your own comment below, or send a trackback.

Add your cents! »

If this is your first comment, it will wait to be approved. This usually takes a few hours. Subsequent comments are not delayed.

Forum logs for 29 Mar 2013

Recent Comments

Recent Articles

Pages

Say NO! to platforms