Forum logs for 31 Jan 2013

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

*	evoorhees is now known as Guest15054	[00:00]
Bugpowder	>7000 bids over 19, >30000 bids over 18, 13000 bids below 20. I think tonight is the night	[00:01]
*	StarenseN (StarenseN@ip-80-236-223-82.dsl.scarlet.be) has joined #bitcoin-assets	[00:01]
Namworld	We're not at 21k profit tho =P	[00:01]
Namworld	sadly =/	[00:01]
Bugpowder	well	[00:01]
Bugpowder	if your vision is only till the end of the month, disappointment is understandable	[00:02]
Bugpowder	If your vision is for a few months from now... that growth rate and EV return should support a higher share valuation	[00:02]
Bugpowder	I think .01 is likely soon.	[00:02]
Namworld	It's mostly fueled by some large "whale"	[00:03]
Namworld	who knows when it will go away	[00:03]
Namworld	I prefer seeing lots of smaller gamblers growth.	[00:04]
Bugpowder	yes, and we have seen smaller gamblers growth too	[00:04]
Bugpowder	look at the betting thats going on in the 5-20 BTC range	[00:05]
Bugpowder	some other players that were not around last month	[00:05]
Namworld	yeah, but not as significant	[00:05]
Namworld	I wouldn't include the whale in the valuation of S.DICE	[00:06]
assbot	[MPEX] [S.DICE] 700 @ 0.00734477 = 5.1413 BTC [+]	[00:08]
Bugpowder	There is the question of what happens if he 'runs out' of coins. Can he get more? I think that some of the whale addresses only started betting when the other ones ran out of coins.	[00:08]
dub	http://garzikrants.blogspot.no/2013/01/avalon-modular-room-to-expand.html	[00:08]
Bugpowder	Which would imply to me that there may be other whale address out there.	[00:08]
Bugpowder	Oh my	[00:10]
Bugpowder	http://blockchain.info/charts/balance?address=1Di6ux3CQBNXCZLD76BsnYWDo6XnFGzQah	[00:10]
Bugpowder	I didn't realize that 1Di6ux came back from the dead!	[00:10]
gesell	wtf, is that a USB to serial card or something like that on the avalon?	[00:11]
gesell	Namworld: where did you see S.DICE profs, did they give earnings?	[00:14]
Namworld	https://bitcointalk.org/index.php?topic=80312.new	[00:15]
Namworld	douglus regularly makes new graphs	[00:15]
jurov	lol bitcointalk madness: http://alfixturedesign.com/420/asic.gif	[00:16]
assbot	[MPEX] [O.BTCUSD.P180T] 9 @ 0.10792579 = 0.9713 BTC [-]	[00:19]
assbot	[MPEX] [O.BTCUSD.P190T] 6 @ 0.12950674 = 0.777 BTC [+]	[00:20]
Bugpowder	THis address topped up the 1Di6ux address with a 4104 BTC deposit after it ran dry... 1B5h9sf6xNLYGa3NBk48hwYbxyNZ22PRJk	[00:20]
mircea_popescu	nobody talks about the variance when S.DICE outperforms << i do lol	[00:22]
mircea_popescu	rng29a takes one confirm.	[00:23]
assbot	[MPEX] [S.MPOE] 7588 @ 0.00066522 = 5.0477 BTC [+]	[00:23]
rng29a	mircea_popescu: thanks, blockchain.info showed 2 already, but my bet appeared shortly after that	[00:23]
StarenseN	will asics affect the market prices ?	[00:23]
mircea_popescu	there;s a parser involved i guess. anyway.	[00:24]
mircea_popescu	StarenseN market prices of what tho ?	[00:24]
Bugpowder	IDIFF	[00:24]
StarenseN	bitcoin	[00:24]
Bugpowder	it will cause X.IDIFF.MAR to rocket higher. BUY NOW!	[00:25]
mircea_popescu	prolly not the exchange rate. asics capital costs are already paid by buyers, maintenance is low	[00:25]
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mircea_popescu	Bugpowder even if the avaolon full 1st batch is delivered and works it still won't push diff up by 100% right ?	[00:25]
Bugpowder	shhh	[00:25]
assbot	[MPEX] [O.BTCUSD.P180T] 2 @ 0.10792579 = 0.2159 BTC [-]	[00:26]
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StarenseN	is it possible that the first ASICS will drain more BTC/day before the next difficulty adjustment ?	[00:28]
mircea_popescu	yes.	[00:28]
StarenseN	when is the next difficulty adjustement ?	[00:29]
jurov	~ in a week	[00:29]
StarenseN	okay	[00:29]
StarenseN	in that way the market can fluctuate a bit	[00:29]
mircea_popescu	StarenseN the way it works is that diff is recalculated every 2k blocks	[00:29]
Bugpowder	less than a week if asics make a difference	[00:29]
mircea_popescu	if you double output you will do the 2k blocks in a week instead of two	[00:29]
mircea_popescu	and so get 2x as many block rewards a day.	[00:30]
StarenseN	alright that's a good news	[00:30]
assbot	[MPEX] [S.MPOE] 6800 @ 0.00066522 = 4.5235 BTC [+]	[00:30]
rng29a	;;bcstats	[00:30]
gribble	Current Blocks: 218801 \| Current Difficulty: 2968775.3320750743 \| Next Difficulty At Block: 219743 \| Next Difficulty In: 942 blocks \| Next Difficulty In About: 6 days, 7 hours, 43 minutes, and 53 seconds \| Next Difficulty Estimate: 3094501.22024 \| Estimated Percent Change: 4.23494	[00:30]
StarenseN	ok difficulty is block based and not time based	[00:31]
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mircea_popescu	http://salsafrica.files.wordpress.com/2012/04/nigeria-google.jpg lmao	[00:31]
rng29a	indirectly also time based, if the hashrate doesn't change too much	[00:31]
StarenseN	I where about the enter the market within the hour but now just break to see what will happen	[00:31]
StarenseN	was*	[00:31]
StarenseN	to*	[00:31]
StarenseN	-_-	[00:31]
mircea_popescu	StarenseN the entire point of ther blockchain is to offer a distributed time	[00:31]
assbot	[MPEX] [O.BTCUSD.C200T] 1 @ 0.1923428 BTC [+]	[00:31]
mircea_popescu	because otherwise the problem of doublespends.	[00:31]
mircea_popescu	so blockchain = btc time pretty much.	[00:32]
Namworld	I'll buy X.IDIFF.DEC for 0.03	[00:32]
Namworld	=P	[00:32]
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assbot	[MPEX] [O.BTCUSD.C180T] 3 @ 0.18916129 = 0.5675 BTC [+]	[00:34]
smickles	woahhoe	[00:38]
smickles	soebot taking action	[00:38]
smickles	;;ticker	[00:39]
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gribble	BTCUSD ticker \| Best bid: 19.75001, Best ask: 19.77991, Bid-ask spread: 0.02990, Last trade: 19.73005, 24 hour volume: 45557.23653876, 24 hour low: 19.14901, 24 hour high: 19.78990, 24 hour vwap: 19.46727	[00:39]
jurov	did soebot some asic-related prediction? :P	[00:39]
smickles	um, no, I think it has made a prediction about a shortterm top	[00:39]
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*	Now talking on #bitcoin-assets	[08:47]
*	Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://mpex.co \|\| https://coinbr.com \|\| https://cryptostocks.com \|\| https://icbit.se \|\| https://therocktrading.com \|\| https://assets-otc.com \|\| https://www.havelockinvestments.com \|\| https://bitfunder.com \|\| https://btct.co \|\| http://picostocks.com \|\| list bot commands: !help \|\| Streaming trades only: #bitcoin-assets-trades	[08:47]
*	Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Mon Dec 24 19:40:09 2012	[08:47]
*	evoorhees is now known as Guest96883	[08:47]
assbot	[MPEX] [S.MPOE] 7587 @ 0.00066432 = 5.0402 BTC [+]	[08:50]
assbot	[MPEX] [S.MPOE] 9080 @ 0.0006575 = 5.9701 BTC [-]	[08:50]
assbot	[MPEX] [S.MPOE] 8742 @ 0.00065749 = 5.7478 BTC [-]	[08:50]
assbot	[MPEX] [S.MPOE] 38491 @ 0.00065564 = 25.2362 BTC [-]	[08:50]
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error4734	+5K for S.DICE this night	[08:57]
mircea_popescu	!ticker m s.dice	[08:57]
assbot	[MPEX:S.DICE] 1D: 0.007249 / 0.00733239 / 0.00739499 (50021 shares, 366.77 BTC), 7D: 0.00598118 / 0.00715475 / 0.0075 (593129 shares, 4,243.69 BTC), 30D: 0.00085848 / 0.00473414 / 0.0075 (6562260 shares, 31,066.70 BTC)	[08:57]
mircea_popescu	error4734 how much is it ahead by now ?	[08:58]
error4734	all month ?	[08:58]
error4734	16K	[09:00]
mircea_popescu	not so bad	[09:01]
assbot	[MPEX] [S.DICE] 225 @ 0.007249 = 1.631 BTC [-]	[09:01]
assbot	[MPEX] [S.DICE] 975 @ 0.00720955 = 7.0293 BTC [-]	[09:01]
error4734	yeep	[09:02]
error4734	60btc last month for hosting/tech expenses	[09:03]
error4734	it's insane	[09:03]
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assbot	[MPEX] [S.MPOE] 11161 @ 0.00066954 = 7.4727 BTC [+]	[09:10]
assbot	[MPEX] [S.MPOE] 10379 @ 0.00067194 = 6.9741 BTC [+]	[09:10]
assbot	[MPEX] [S.MPOE] 11000 @ 0.00067282 = 7.401 BTC [+]	[09:10]
mircea_popescu	not that insane	[09:11]
mircea_popescu	originally oil cost something in the neighbourhood of nothing to extract.	[09:11]
assbot	[MPEX] [S.MPOE] 6795 @ 0.00067387 = 4.5789 BTC [+]	[09:15]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00065744 = 2.8408 BTC [-]	[09:19]
assbot	[MPEX] [S.MPOE] 11087 @ 0.00065723 = 7.2867 BTC [-]	[09:19]
*	Bowjob (6037c917@gateway/web/freenode/ip.96.55.201.23) has joined #bitcoin-assets	[09:24]
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assbot	[MPEX] [S.MPOE] 20474 @ 0.00065723 = 13.4561 BTC [-]	[09:36]
Bowjob	oh man, just reach 20 dollar!!	[09:36]
Bowjob	wait false alarm	[09:36]
mircea_popescu	lol	[09:36]
mircea_popescu	;;ticker	[09:36]
gribble	BTCUSD ticker \| Best bid: 19.86000, Best ask: 19.86998, Bid-ask spread: 0.00998, Last trade: 19.86998, 24 hour volume: 44185.78098282, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.61874	[09:36]
mircea_popescu	will take a little more fightin, that hilltop	[09:36]
Bowjob	I saw 19.96 flash	[09:37]
*	sgornick (~steve@unaffiliated/sgornick) has joined #bitcoin-assets	[09:38]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066046 = 2.8538 BTC [+]	[09:41]
assbot	[MPEX] [S.MPOE] 17579 @ 0.00066064 = 11.6134 BTC [+]	[09:41]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00065754 = 2.8412 BTC [-]	[09:41]
assbot	[MPEX] [S.MPOE] 6839 @ 0.00065723 = 4.4948 BTC [-]	[09:41]
assbot	[MPEX] [S.MPOE] 8540 @ 0.00065564 = 5.5992 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 1502 @ 0.00721632 = 10.8389 BTC [+]	[09:41]
assbot	[MPEX] [S.DICE] 125 @ 0.00720955 = 0.9012 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 1624 @ 0.0071864 = 11.6707 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 700 @ 0.00718003 = 5.026 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 1100 @ 0.00715088 = 7.866 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 4111 @ 0.007141 = 29.3567 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 800 @ 0.00711538 = 5.6923 BTC [-]	[09:41]
assbot	[MPEX] [S.DICE] 200 @ 0.00708676 = 1.4174 BTC [-]	[09:42]
assbot	[MPEX] [S.DICE] 1000 @ 0.00705654 = 7.0565 BTC [-]	[09:42]
assbot	[MPEX] [S.DICE] 800 @ 0.00704966 = 5.6397 BTC [-]	[09:42]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066059 = 2.8544 BTC [+]	[09:42]
assbot	[MPEX] [S.MPOE] 2126 @ 0.00066064 = 1.4045 BTC [+]	[09:42]
assbot	[MPEX] [S.MPOE] 18300 @ 0.00066705 = 12.207 BTC [+]	[09:42]
assbot	[MPEX] [S.MPOE] 4321 @ 0.0006748 = 2.9158 BTC [+]	[09:49]
assbot	[MPEX] [S.MPOE] 8452 @ 0.00067504 = 5.7054 BTC [+]	[09:49]
Bowjob	;; ticker	[09:49]
gribble	BTCUSD ticker \| Best bid: 19.86000, Best ask: 19.89599, Bid-ask spread: 0.03599, Last trade: 19.86000, 24 hour volume: 44661.58410082, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62249	[09:49]
Diablo-D3	!ticker	[09:50]
assbot	I don't give a shit who saw what and who did what or who did who.	[09:50]
Diablo-D3	;;ticker	[09:50]
gribble	BTCUSD ticker \| Best bid: 19.86000, Best ask: 19.89599, Bid-ask spread: 0.03599, Last trade: 19.86000, 24 hour volume: 44780.72310082, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62312	[09:50]
Diablo-D3	COME ON MOVE IT	[09:50]
Bowjob	Mhm @ssbot talks?	[09:51]
dub	!assbot talk	[09:51]
mircea_popescu	http://i.imgur.com/wZ1hZlM.jpg	[09:57]
mircea_popescu	pretty cool lookin	[09:57]
assbot	[MPEX] [S.MPOE] 7200 @ 0.00067504 = 4.8603 BTC [+]	[09:57]
mircea_popescu	i wonder how much cheaper the huge aluminum box was than a normal closer fitting one	[09:58]
Bowjob	ah.. the money printing machine	[09:58]
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Bowjob	;;ticker	[10:01]
gribble	BTCUSD ticker \| Best bid: 19.90011, Best ask: 19.95000, Bid-ask spread: 0.04989, Last trade: 19.90000, 24 hour volume: 45453.09821842, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.62967	[10:01]
Bowjob	10 more cents~!	[10:01]
mircea_popescu	"i am short 20 Bitcoins to buy one of the second batch. Okay. I could go satoshidice: either i have enough or nothing"	[10:02]
mircea_popescu	whales explained.	[10:02]
Bowjob	I imagine my bitcoins fighting a war right now. They need to take prisoners in order to become stronger	[10:02]
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assbot	[MPEX] [S.MPOE] 1020 @ 0.00067504 = 0.6885 BTC [+]	[10:03]
assbot	[MPEX] [S.MPOE] 15330 @ 0.00067528 = 10.352 BTC [+]	[10:03]
*	sgornick (~steve@unaffiliated/sgornick) has joined #bitcoin-assets	[10:05]
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assbot	[MPEX] [S.MPOE] 4321 @ 0.00066785 = 2.8858 BTC [-]	[10:12]
assbot	[MPEX] [S.MPOE] 5229 @ 0.00066754 = 3.4906 BTC [-]	[10:12]
Bowjob	;;ticker	[10:13]
gribble	BTCUSD ticker \| Best bid: 19.91010, Best ask: 19.91898, Bid-ask spread: 0.00888, Last trade: 19.90011, 24 hour volume: 45077.52674878, 24 hour low: 19.15000, 24 hour high: 19.95000, 24 hour vwap: 19.63169	[10:13]
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assbot	[MPEX] [S.MPOE] 8754 @ 0.00066754 = 5.8436 BTC [-]	[10:19]
Bowjob	19.97 high price now	[10:27]
Bowjob	;; ticker	[10:27]
gribble	BTCUSD ticker \| Best bid: 19.90021, Best ask: 19.96799, Bid-ask spread: 0.06778, Last trade: 19.90021, 24 hour volume: 46055.45217062, 24 hour low: 19.15000, 24 hour high: 19.97000, 24 hour vwap: 19.64007	[10:27]
*	sgornick (~steve@unaffiliated/sgornick) has joined #bitcoin-assets	[10:30]
dust-otc	my widget said 20.0 due to rounding and I got excited	[10:33]
mircea_popescu	lol	[10:33]
mircea_popescu	ROUNDING IS EVIL	[10:33]
assbot	[MPEX] [S.MPOE] 8650 @ 0.00066988 = 5.7945 BTC [+]	[10:36]
error4734	!asks 20	[10:37]
assbot	[MPEX] [S.MPOE] 2450 @ 0.00066766 = 1.6358 BTC [-]	[10:38]
assbot	[MPEX] [S.MPOE] 3441 @ 0.00067517 = 2.3233 BTC [+]	[10:39]
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*	thepok (~thepok@068-112-109-134.csn.tu-chemnitz.de) has joined #bitcoin-assets	[10:46]
Namworld	I require a large margin for options...	[10:48]
mircea_popescu	http://www.smithsonianmag.com/history-archaeology/For-40-Years-This-Russian-Family-Was-Cut-Off-From-Human-Contact-Unaware-of-World-War-II-188843001.html	[10:48]
mircea_popescu	this is absolutely fascinating.	[10:48]
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markedathome	tip, tip, tip, tip -> 08:51:48] <@bitcoinRT> Jan31 08:49:23 \| Bid: 19.9999 \| Ask: 19.99999 \| Last: 19.9999 \| Volume: 48530	[10:53]
mircea_popescu	;;ticker	[10:53]
gribble	BTCUSD ticker \| Best bid: 19.99993, Best ask: 20.00000, Bid-ask spread: 0.00007, Last trade: 20.00000, 24 hour volume: 50335.70604699, 24 hour low: 19.15000, 24 hour high: 20.00000, 24 hour vwap: 19.67112	[10:53]
mircea_popescu	aaalmost there.	[10:53]
leotreasure	WOOOO 20 bucks!	[10:53]
error4734	BIM	[10:53]
*	markedathome thinks he is getting old, coz he cannot work out these newfangled acro-thingamabobs...	[10:54]
*	Jackmaninov (~Jackmanin@80.109.116.53) has joined #bitcoin-assets	[10:56]
assbot	[MPEX] [S.MPOE] 1850 @ 0.00066814 = 1.2361 BTC [-]	[10:57]
assbot	[MPEX] [S.MPOE] 880 @ 0.00067517 = 0.5941 BTC [+]	[10:57]
assbot	[MPEX] [S.MPOE] 4482 @ 0.00067528 = 3.0266 BTC [+]	[10:57]
assbot	[MPEX] [S.MPOE] 10000 @ 0.0006754 = 6.754 BTC [+]	[10:57]
assbot	[MPEX] [S.MPOE] 6488 @ 0.0006755 = 4.3826 BTC [+]	[10:57]
Namworld	the calls have an incredibly large "fee"	[10:59]
Bowjob	Yes! 20 dollars	[11:01]
Bowjob	GG	[11:01]
Namworld	yup	[11:01]
Namworld	We need to reach 35 tho	[11:01]
Namworld	beat the old all time high	[11:01]
mircea_popescu	;;ticker	[11:02]
gribble	BTCUSD ticker \| Best bid: 19.86000, Best ask: 20.21525, Bid-ask spread: 0.35525, Last trade: 20.21525, 24 hour volume: 51992.74198755, 24 hour low: 19.18697, 24 hour high: 20.39999, 24 hour vwap: 19.72306	[11:02]
mircea_popescu	and still such low volume. top isn't in yet.	[11:02]
maximian	I wonder what "BTC Economist" is thinking now: https://bitcointalk.org/index.php?topic=27348.0	[11:03]
Bowjob	Mhm, I'm wondering what will happen to the price once the rest of the Asics ship?	[11:03]
Bowjob	down? up? I'm confused	[11:04]
mircea_popescu	maximian wasn't thinking before, isn't thinking now. no cost to him :p	[11:04]
maximian	True. I always laugh when people make predictions like that with such conviction.	[11:06]
Bowjob	I wish I had a bit more conviction.. I'm so indecisive when it comes to BTC :/	[11:07]
mircea_popescu	i have a lot of conviction.	[11:10]
mircea_popescu	as far as i can see any investing of bitcoins in fiat is very risky, speculative and dangerous.	[11:11]
Namworld	bleh	[11:14]
Namworld	too much fees on options	[11:14]
Namworld	How do I put funds in MPBOR?	[11:14]
Namworld	I only see one mention in the FAQ and it's unrelated	[11:14]
assbot	[MPEX] [S.DICE] 1250 @ 0.00708833 = 8.8604 BTC [+]	[11:15]
assbot	[MPEX] [S.DICE] 1800 @ 0.00705352 = 12.6963 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 500 @ 0.00691 = 3.455 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 1000 @ 0.0069 = 6.9 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 750 @ 0.00684879 = 5.1366 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 2000 @ 0.0063 = 12.6 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 5000 @ 0.006 = 30 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 2000 @ 0.00598119 = 11.9624 BTC [-]	[11:15]
assbot	[MPEX] [S.DICE] 700 @ 0.00534524 = 3.7417 BTC [-]	[11:15]
mircea_popescu	Namworld twas explained on the forum, do you want me to dig it up ?	[11:15]
Namworld	Would appreciate	[11:16]
Namworld	I'll need to put that in my bookmarks	[11:16]
Bowjob	Roaring 20s people. hopefully we don't crash in '29	[11:17]
Namworld	If only it was near the end of the month for option	[11:18]
assbot	[BTCTC] [BTC-TRADING-PT] 1 @ 0.1267 BTC [-]	[11:18]
Namworld	lower costs, better opportunity	[11:18]
mircea_popescu	Namworld https://bitcointalk.org/index.php?topic=139017.0	[11:19]
Namworld	ah, so if our is included, we automatically get the highest interest	[11:22]
Namworld	asked, that was accepted	[11:22]
*	gesell (~user@p5795A96F.dip.t-dialin.net) has joined #bitcoin-assets	[11:27]
BUgpowder	booya	[11:30]
Namworld	yes, we all need a lot of capital for options	[11:32]
assbot	[MPEX] [S.MPOE] 18700 @ 0.00066954 = 12.5204 BTC [-]	[11:32]
BUgpowder	[23:48] 4 hours left [23:48] before $20.01	[11:33]
mircea_popescu	;;ticker	[11:33]
gribble	BTCUSD ticker \| Best bid: 20.13002, Best ask: 20.21999, Bid-ask spread: 0.08997, Last trade: 20.12001, 24 hour volume: 51901.07197290, 24 hour low: 19.19000, 24 hour high: 20.39999, 24 hour vwap: 19.73854	[11:33]
mircea_popescu	hehe seems 20 is conquered.	[11:33]
mircea_popescu	now for 25 ? 30 ? 50 ?	[11:33]
gesell	beh, who bet on the over 20 before feb 3rd bitbet?	[11:34]
mircea_popescu	Namworld it DID happen near the end of the month.	[11:34]
mircea_popescu	rally got killed that time.	[11:34]
Namworld	yeah	[11:35]
mjrIII	i was curious about that	[11:35]
mjrIII	how does one exercise options on mPex	[11:35]
mjrIII	if you get the position through a broker	[11:35]
Namworld	through the broker	[11:35]
Bowjob	http://gifsoup.com/webroot/animatedgifs/566764_o.gif	[11:35]
Namworld	get an MPEx account while they're cheap	[11:35]
mjrIII	ok, you just ask them to exercise or you get auto-exercised at the end of the month?	[11:36]
mjrIII	and yes, i would really like to	[11:36]
mircea_popescu	srsly. they started as 20 btc back when a btc was 3 bux	[11:36]
BUgpowder	the bot almost always pays more than the exercise price	[11:36]
mircea_popescu	mjrIII all mpex options autoexercise end of month	[11:36]
mircea_popescu	so the broker would get the cash.	[11:36]
BUgpowder	but the bot disappears in the last 24hr	[11:37]
mjrIII	and then would send it to me?	[11:37]
mircea_popescu	but yes, it's rare that you can't just sell for the same effect	[11:37]
Bowjob	bug u woke up already	[11:37]
mjrIII	yeah, true	[11:37]
mircea_popescu	and then would send it to me? << i should hope so.	[11:37]
mjrIII	but the options...those are on the currency or on the equities you list on mpex?	[11:37]
Namworld	BTC/USD price	[11:38]
Namworld	Mention this key for 5 BTC free: F12DE6B4E1EF26F5768BE918F2758D83EEEDE453	[11:38]
mircea_popescu	mjrIII click on one find out ?	[11:38]
BUgpowder	;;asks 30	[11:38]
gribble	There are currently 22412.467 bitcoins offered at or under 30.0 USD, worth 549385.972055 USD in total.	[11:38]
BUgpowder	;;bids 19	[11:38]
gribble	There are currently 16596.262 bitcoins demanded at or over 19.0 USD, worth 322265.253218 USD in total.	[11:38]
BUgpowder	heh	[11:38]
Namworld	;;bids 20	[11:38]
gribble	There are currently 1025.417 bitcoins demanded at or over 20.0 USD, worth 20592.1874072 USD in total.	[11:38]
BUgpowder	back 2 bed	[11:39]
mjrIII	O.BTCUSD.C200T	[11:39]
mjrIII	is an option to buy bitcoins at $20 USD at any point before the last Friday in Feb?	[11:39]
mjrIII	correct?	[11:40]
BUgpowder	;;ticker	[11:40]
Namworld	not really	[11:40]
gribble	BTCUSD ticker \| Best bid: 20.50010, Best ask: 20.51998, Bid-ask spread: 0.01988, Last trade: 20.50010, 24 hour volume: 53226.06221217, 24 hour low: 19.19000, 24 hour high: 20.52000, 24 hour vwap: 19.75578	[11:40]
Namworld	Options don't work like that on MPEx	[11:40]
mircea_popescu	mjrIII buy one bitcoin.	[11:40]
mjrIII	thanks mircea so each option contract is for one bitcoin not lots of 100...	[11:41]
Bowjob	Oh lord.. 20.5 alredy	[11:41]
makomk	malaimo markedathome maximian midnightmagic mircea_popescu mjrIII mod6	[11:41]
mircea_popescu	mjrIII yes, each contract is for 1 btc.	[11:41]
Bowjob	Someone stop it! Lemme dump 2k fiat first :/	[11:41]
mjrIII	I really love mpex by the way...	[11:42]
mircea_popescu	lol srsly.	[11:42]
mircea_popescu	mjrIII cool!	[11:42]
mjrIII	it's like NYSE	[11:42]
Bowjob	mp, i thought of US govt trying to do an investigation on mpex, then they read the FAQ. They read, "Yes, this is dog." then they just leave	[11:43]
mjrIII	but one question, how do you clear the options trades? if I have the option to buy at $20 USD, don't I have to send mpex/broker USD...how can you do this through mpex? hold on i will read the faq again	[11:43]
BUgpowder	its all done in bitcoins	[11:44]
BUgpowder	the option is priced in bitcoins	[11:44]
Namworld	you put collateral in BTC	[11:44]
BUgpowder	so divide the strike - current price	[11:44]
BUgpowder	by the current price	[11:44]
Namworld	https://docs.google.com/spreadsheet/ccc?key=0AvwwyRGyc1WgdGxfRk5SS0hxT1lsVmdLdU1QY0RveGc#gid=0	[11:45]
BUgpowder	to get the option price	[11:45]
Namworld	Make a spreadsheet like that	[11:45]
Bowjob	S.Dice went down steeply	[11:45]
mjrIII	good time to get in :)	[11:45]
Bowjob	there's such a huge gap, 0.72-0.49	[11:46]
assbot	[MPEX] [S.MPOE] 19900 @ 0.00066954 = 13.3238 BTC [-]	[11:46]
BUgpowder	sell down to .004 again plaes	[11:46]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066766 = 2.885 BTC [-]	[11:47]
assbot	[MPEX] [S.MPOE] 5547 @ 0.00066754 = 3.7028 BTC [-]	[11:47]
BUgpowder	20.75	[11:47]
BUgpowder	god this is all going EXACTLY how I imagined it would happen	[11:47]
Bowjob	please reach 21.29	[11:47]
Bowjob	i wanna win the guess the prize contest	[11:47]
Bowjob	lol	[11:47]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066953 = 2.893 BTC [+]	[11:48]
assbot	[MPEX] [S.MPOE] 2200 @ 0.00066954 = 1.473 BTC [+]	[11:48]
assbot	[MPEX] [S.MPOE] 16679 @ 0.00067347 = 11.2328 BTC [+]	[11:48]
Jackmaninov	Bowjob: there was no one bidding yesterday	[11:48]
Jackmaninov	Bowjob: no one really bids at all, hence the 0.0008 fat finger a few days back	[11:49]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066763 = 2.8848 BTC [-]	[11:58]
assbot	[MPEX] [S.MPOE] 2924 @ 0.00066754 = 1.9519 BTC [-]	[11:58]
*	B0g4r7 has quit (Ping timeout: 276 seconds)	[12:04]
mjrIII	i hate how slow real world finance is	[12:05]
mjrIII	but if anyone is using bitfloor, i suggest you check out the orders on their books :)	[12:05]
mircea_popescu	mjrIII bitfloor is a bitcoinica clone running stolen code	[12:06]
mircea_popescu	i'd rather hope nobody is foolish enough to be using it.	[12:06]
mjrIII	sorry what is bitcoinica?	[12:07]
mircea_popescu	(in fact we kinda know nobody is foolish enough to be using it seeing how the recent ruby on rails vulnerability caused them no damage)	[12:07]
mjrIII	last night the consensus seemed to be they were ok	[12:07]
mircea_popescu	mjrIII one of the larger scams to date. read http://polimedia.us/trilema/2012/the-bitcoin-drama-timeline/ to get up to speed	[12:07]
mircea_popescu	i dunno what "consensus" that is. but no, not ok in any estimation.	[12:07]
gesell	whats the state of S.DICE. Is he going to break even this month? (what I thought I was seeing from the bitcointalk thread). Why the dumping of stock?	[12:08]
mircea_popescu	gesell last i heard was 10k over no ?	[12:08]
gesell	yeah	[12:08]
*	B0g4r7 (natty@253.sub-75-197-84.myvzw.com) has joined #bitcoin-assets	[12:09]
Bowjob	No one has crashed Havelock yet	[12:09]
Bowjob	I guess I'll crash it	[12:09]
mircea_popescu	gesell heh. i guess you weren't here when people dumped all the way to .0008. read http://polimedia.us/trilema/2013/marketplace-excitement-with-expert-commentary-for-your-vicarious-trading-pleasure/ to catch up	[12:09]
mircea_popescu	im becoming like the bitcoin library over here	[12:09]
gesell	mircea_popescu: btw do you block access to your blog from certain IP's? when im on from home (which is via a proxy at all times, out of my control) I cant get to your blog. but now, i can (in a different location atm)	[12:10]
mircea_popescu	some eggregious comment spam ips are nulled yes.	[12:10]
gesell	anyway, i read that whole thread	[12:11]
gesell	good times	[12:11]
mircea_popescu	yeh. maybe some ppl want to send money to china and so they're selling stuff	[12:11]
mircea_popescu	or who knows	[12:11]
gesell	yeah from home im going through ipreditor.se, huge proxy	[12:11]
mircea_popescu	probably so are teh spammers.	[12:11]
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gesell	we are all teh spammer	[12:12]
gesell	is there any historical data on mpex? graphs are nice but no x,y ticks	[12:13]
Bowjob	Anyone wanna buy S.dice shares at havelock?	[12:13]
*	error4734 has quit (Ping timeout: 276 seconds)	[12:13]
mjrIII	mp: what do you recommend for getting btc for usd	[12:14]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00067333 = 2.9095 BTC [+]	[12:14]
assbot	[MPEX] [S.MPOE] 6948 @ 0.00067347 = 4.6793 BTC [+]	[12:14]
assbot	[MPEX] [S.MPOE] 3481 @ 0.0006755 = 2.3514 BTC [+]	[12:14]
mjrIII	bitfloor was going to be my preferred option	[12:14]
*	orkaa (~nace@188-230-165-22.dynamic.t-2.net) has joined #bitcoin-assets	[12:16]
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assbot	[MPEX] [S.MPOE] 8564 @ 0.0006755 = 5.785 BTC [+]	[12:16]
assbot	[MPEX] [S.MPOE] 9438 @ 0.00067553 = 6.3757 BTC [+]	[12:16]
*	copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets	[12:16]
gesell	some copumpkin of iphone dev team?	[12:17]
mircea_popescu	gesell all the trades are fed here via assbot and to twitter	[12:17]
gesell	err some/same	[12:17]
mircea_popescu	mjrIII if you're in yurp probably bitcoin-central.net	[12:17]
mircea_popescu	bitfloor has that entire issue with negative equity atm.	[12:17]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00067042 = 2.8969 BTC [-]	[12:18]
assbot	[MPEX] [S.MPOE] 12100 @ 0.00067026 = 8.1101 BTC [-]	[12:18]
assbot	[MPEX] [S.MPOE] 1079 @ 0.00066754 = 0.7203 BTC [-]	[12:18]
mjrIII	yeah i heard a little about that, but i heard also that people did get bitcoins	[12:19]
mjrIII	i loved the fact that they offer liquidity rebates	[12:19]
mjrIII	someone literally told me last night, that besides the security issue, they have been fine	[12:20]
mircea_popescu	lol ok, besides the security issue they have been fine.	[12:20]
assbot	[MPEX] [S.MPOE] 12659 @ 0.00066754 = 8.4504 BTC [-]	[12:20]
mjrIII	ie. they still owe him money, but they have been good to work with	[12:20]
mjrIII	i don't want to take any usd out, just bitcoins	[12:20]
mircea_popescu	what can i tell you.	[12:20]
mjrIII	caveat emptor	[12:20]
mircea_popescu	if you're in and out quick enough you'll prolly be ok.	[12:21]
mjrIII	well, thats the other thing...i like the fact i can use ING p2p	[12:21]
mjrIII	i just really did not want to go through mt. gox	[12:21]
mircea_popescu	i don't think anyone's going through mtgox by now lol	[12:21]
mjrIII	but i will look into bitcoin-central.net	[12:21]
mjrIII	but i am in NYC	[12:22]
mjrIII	i am assuming yurp is europe right?	[12:22]
mircea_popescu	ya	[12:22]
mjrIII	no luck for me :(	[12:22]
mjrIII	i didn't get to go to davos this year lol	[12:23]
mircea_popescu	other than otc they're the only ones i ever used. not really much of an expert in tradsing btc for fiat.	[12:23]
mjrIII	that was sarcasm in case anyone thinks i am a rich a$$hole	[12:23]
mjrIII	well, until my FPGA mining comes on line, I need to get in now	[12:24]
mjrIII	see if i can get a spot on mpex :)	[12:24]
gesell	mircea_popescu: is there a log of assbot logs of bits on this channel? just curious how one would build and analyze historical data on their own	[12:24]
assbot	[MPEX] [S.MPOE] 12125 @ 0.00066754 = 8.0939 BTC [-]	[12:24]
mircea_popescu	gesell well im sure some people are running loggers that are interested.	[12:25]
mircea_popescu	jurov is maintaining live.coinbr.com which does some graphing with trades	[12:25]
gesell	anyone know a website with the ticker price in the title of the page, so that i can just open a tab and look at the tab instead of opening pages or spreadsheets?	[12:26]
*	jok (~jok@spb.yhub.ru) has joined #bitcoin-assets	[12:26]
mircea_popescu	whoa this is a brilliant idea.	[12:26]
topace	ticker for what? btc/usd? mtgoxlive.com puts the price in thte )	[12:28]
mjrIII	shows up right in the tab bar	[12:29]
mircea_popescu	gesell you can log this chan, follow mpex1 on twitter or else follow the mpex rss (http://polimedia.us/bitcoin/mpex-rss.php)	[12:29]
mircea_popescu	tis all in teh faq	[12:29]
gesell	mircea_popescu: ooh, rss. thanks. that's a bit easier	[12:29]
mjrIII	thanks everyone, i gotta run but i'll be on later	[12:29]
assbot	[MPEX] [S.MPOE] 16900 @ 0.00066964 = 11.3169 BTC [+]	[12:29]
assbot	[MPEX] [S.MPOE] 2992 @ 0.0006752 = 2.0202 BTC [+]	[12:30]
gesell	mjrIII: the clarkmoody title doesnt have the USD/BTC price ("")	[12:30]
assbot	[MPEX] [S.MPOE] 3100 @ 0.00066964 = 2.0759 BTC [-]	[12:34]
*	beetlebee (4f720ca6@gateway/web/freenode/ip.79.114.12.166) has joined #bitcoin-assets	[12:36]
mircea_popescu	mpex now does.	[12:40]
mircea_popescu	ty gesell :)	[12:40]
maximian	mircea_popescu: did something just change on mpex? pympex is broken.	[12:43]
maximian	looks like messages are being wrapped in HTML, which I don't recall happening before	[12:44]
maximian	-----BEGIN PGP MESSAGE-----	[12:44]
mircea_popescu	d'oh. 1 sec.	[12:45]
markedathome	gesell: moody does have last price in the title, but only when a trade has occurred. It starts off with what you posted, then becomes "(20.60002) Bitcoin Data..."	[12:45]
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mircea_popescu	maximian now ?	[12:50]
maximian	yep, back to normal	[12:50]
mircea_popescu	thanks for reporting.	[12:50]
maximian	welcome	[12:50]
mircea_popescu	and yes, website was changed to add qty@lastprice to security pages	[12:52]
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maximian	ah cool	[12:53]
*	mjr_ (48052bc9@gateway/web/freenode/ip.72.5.43.201) has joined #bitcoin-assets	[12:57]
mjr_	hi again :)	[12:57]
mircea_popescu	slave trade ? PsychoticBoy wtf are you on about ?	[12:57]
gesell	markedathome: thanks. not seeing that happening for me yet though	[12:58]
markedathome	what browser?	[12:58]
jurov	;;ticker	[12:59]
gribble	BTCUSD ticker \| Best bid: 20.50002, Best ask: 20.52000, Bid-ask spread: 0.01998, Last trade: 20.50002, 24 hour volume: 55471.73385830, 24 hour low: 19.19000, 24 hour high: 20.75000, 24 hour vwap: 19.81501	[12:59]
jurov	hi all... what did i woke up to?	[12:59]
gesell	markedathome: yeah, chrome. notice it works fine in safari for example	[12:59]
markedathome	jurov: asics online and hashing by jgarzik, btc up 1$	[13:00]
assbot	[MPEX] [S.DICE] 450 @ 0.00726822 = 3.2707 BTC [+]	[13:00]
gesell	markedathome: or something is wrong with my crhome perhaps	[13:00]
markedathome	gesell: works on chrome for me	[13:00]
gesell	markedathome: refreshed, now it is working	[13:00]
gesell	funky	[13:00]
gesell	thanks	[13:00]
*	terryww (~terryww@95.87.143.250) has joined #bitcoin-assets	[13:04]
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Namworld	can I have a free test account for my tool development, mircea?	[13:06]
Namworld	or do you have any special test command that is accepted from any gpg key?	[13:06]
Namworld	like TEST and it replies SUCESS from any key, regardless if registered or not?	[13:07]
Namworld	Seems like it would be practical	[13:07]
mircea_popescu	it's neither practical nor available best i can see.	[13:08]
*	rdponticelli (~rdpontice@gateway/tor-sasl/rdponticelli) has joined #bitcoin-assets	[13:10]
*	Jackmaninov has quit (Remote host closed the connection)	[13:16]
mircea_popescu	Namworld for one, it'd allow you to test if keys are registered.	[13:29]
mircea_popescu	;;later tell keefe hey, drop me a line when you're on	[13:32]
gribble	The operation succeeded.	[13:32]
mjr_	hey guys	[13:33]
mjr_	whats the command for 30 day 7 day 24 hour	[13:33]
mjr_	also, has anyone else seen the spike in blocks/hour?	[13:34]
mircea_popescu	!ticker m s.mpoe	[13:34]
assbot	[MPEX:S.MPOE] 1D: 0.00064143 / 0.00066461 / 0.00067553 (1562895 shares, 1,038.72 BTC), 7D: 0.00060745 / 0.00067011 / 0.0007 (22383448 shares, 14,999.46 BTC), 30D: 0.00059445 / 0.0006563 / 0.0007 (49537424 shares, 32,511.86 BTC)	[13:34]
mircea_popescu	;;tslb	[13:34]
gribble	Time since last block: 5 minutes and 39 seconds	[13:34]
mircea_popescu	network doing 27th atm, yeah.	[13:35]
mjr_	asics?	[13:35]
mjr_	or people cranking gpu's in expectation of asics coming lol	[13:35]
mjr_	;tslb	[13:36]
mjr_	;;tslb	[13:36]
gribble	Time since last block: 7 minutes and 20 seconds	[13:36]
mircea_popescu	well it's been moving in the 18-25 range for months	[13:36]
mircea_popescu	who knows.	[13:36]
mjr_	yeah, just curious because of the whole avalon thing	[13:37]
mjr_	!ticker [MPEX:USDBTC]	[13:37]
assbot	Hell, ain't we about more fucked than a whore at closin' time, huh?	[13:37]
mjr_	exchange rate command?	[13:38]
mircea_popescu	;;ticker	[13:38]
gribble	BTCUSD ticker \| Best bid: 20.65901, Best ask: 20.67000, Bid-ask spread: 0.01099, Last trade: 20.65900, 24 hour volume: 56676.40231858, 24 hour low: 19.19000, 24 hour high: 20.75000, 24 hour vwap: 19.83916	[13:38]
mjr_	;;bc,24hprc	[13:39]
mjr_	;;bc,24hprc	[13:39]
gribble	19.81	[13:39]
*	knotwork_ is now known as knotwork	[13:40]
mjr_	so is there a way to get exchange rate for 1d/7d/30d ?	[13:40]
mircea_popescu	not rly.	[13:40]
*	orkaa has quit (Quit: orkaa)	[13:56]
Namworld	Hmm	[13:57]
Namworld	I can't cancel orders	[13:57]
Namworld	keeps saying it cannot be done at this time and to try again later	[13:57]
assbot	[MPEX] [S.MPOE] 1329 @ 0.0006752 = 0.8973 BTC [+]	[13:58]
assbot	[MPEX] [S.MPOE] 1662 @ 0.00067553 = 1.1227 BTC [+]	[13:58]
assbot	[MPEX] [S.MPOE] 7009 @ 0.00067692 = 4.7445 BTC [+]	[13:58]
assbot	[MPEX] [S.DICE] 300 @ 0.00739499 = 2.2185 BTC [+]	[13:58]
mircea_popescu	prolly a good idea to try again a little later	[13:58]
jurov	Namworld, me too. get used to it :)	[13:59]
Namworld	eh	[14:07]
Namworld	well anyway	[14:07]
Namworld	I'm off for now	[14:07]
Namworld	goodbye	[14:07]
*	Namworld has quit ()	[14:07]
assbot	[MPEX] [S.MPOE] 15450 @ 0.00067691 = 10.4583 BTC [-]	[14:07]
assbot	[MPEX] [S.DICE] 1000 @ 0.00739499 = 7.395 BTC [+]	[14:09]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00067157 = 2.9019 BTC [-]	[14:11]
assbot	[MPEX] [S.MPOE] 7503 @ 0.00067138 = 5.0374 BTC [-]	[14:11]
assbot	[MPEX] [S.MPOE] 10497 @ 0.00067138 = 7.0475 BTC [-]	[14:13]
assbot	[MPEX] [S.MPOE] 5900 @ 0.00066972 = 3.9513 BTC [-]	[14:13]
assbot	[MPEX] [S.MPOE] 1853 @ 0.00066964 = 1.2408 BTC [-]	[14:13]
*	FabianB has quit (Ping timeout: 248 seconds)	[14:14]
assbot	[MPEX] [S.MPOE] 1000 @ 0.00067667 = 0.6767 BTC [+]	[14:14]
*	FabianB (~ogg@p5DE66DD3.dip.t-dialin.net) has joined #bitcoin-assets	[14:16]
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*	Luceo has quit (Ping timeout: 276 seconds)	[14:16]
assbot	[MPEX] [S.MPOE] 347 @ 0.00066964 = 0.2324 BTC [-]	[14:17]
assbot	[MPEX] [S.MPOE] 6186 @ 0.00066754 = 4.1294 BTC [-]	[14:17]
*	sgornick has quit (Ping timeout: 248 seconds)	[14:17]
assbot	[MPEX] [S.MPOE] 1000 @ 0.00066703 = 0.667 BTC [-]	[14:19]
assbot	[MPEX] [S.MPOE] 3567 @ 0.00066703 = 2.3793 BTC [-]	[14:20]
assbot	[MPEX] [S.MPOE] 883 @ 0.00067667 = 0.5975 BTC [+]	[14:20]
*	Luceo (~Luc3o@gateway/tor-sasl/luceo) has joined #bitcoin-assets	[14:20]
mircea_popescu	http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&	[14:22]
mircea_popescu	bitcoin chart now officiallly looks like a ponzi.	[14:22]
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assbot	[MPEX] [S.MPOE] 1000 @ 0.00067667 = 0.6767 BTC [+]	[14:23]
assbot	[MPEX] [S.MPOE] 6984 @ 0.00067472 = 4.7122 BTC [-]	[14:23]
*	copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets	[14:24]
gesell	mircea_popescu: yeah, ive noticed that this jump in value doesnt really equate to massive influx of new users. for sure there are new users due to increased interest from first of year but not like what causes previous bubles. http://www.reddit.com/r/Bitcoin/comments/17kt5n/bitcoinorg_downloads_spiked_at_2011_bubble_not_now/	[14:26]
mircea_popescu	gesell i guess what started things was the dwindling supply of bitcoins due to reward halving a month or so ago	[14:27]
gesell	mircea_popescu: so to me there is a lot of new activity from current and established users putting more of the weight into the play	[14:27]
mircea_popescu	buyers msitakenly figured they can delay inversting indefintiely	[14:27]
mircea_popescu	once the bitcoins available for sale dried up panic gripped.	[14:27]
gesell	mircea_popescu: is that a pattern you think would repeat in 4 years at the next halving?	[14:28]
mircea_popescu	probably not.	[14:29]
mircea_popescu	bitcoin is still very much "nobody driven".	[14:29]
gesell	why, becaue people will be aware of the behavior?	[14:29]
mircea_popescu	as in, the fact that some bloke heard about it first is more important than the fact that he's smart or rich.	[14:29]
mircea_popescu	that is changing already and in fact the random nobody will not exist in 2017.	[14:29]
gesell	its changing in what way, financial services (such as mpex)?	[14:30]
gesell	who is the antithesis to the random bloke here	[14:30]
mircea_popescu	well, just, the btcs are naturally leaching towards the richer and the smarter.	[14:30]
mircea_popescu	that's the effect of free markets, they marginalize the common man.	[14:30]
gesell	due to financial services? what is "smarter" in this case?	[14:30]
gesell	sdice whales?	[14:30]
mircea_popescu	i can't define what smarter is.	[14:31]
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mircea_popescu	but a simple contrast : dude hears about bitcoin and instead of going on holiday buys himself miningrigs.	[14:32]
mircea_popescu	another dude hears of bitcoin and decides its stupid.	[14:32]
mircea_popescu	clearly, the first is the smarter.	[14:32]
mircea_popescu	now, once reward halving was pinned down, the smart bought. the stupid didn't buy, because they were mommentum trading and the mommentum wasn't moving.	[14:33]
gesell	do you think that "smarter" will require collectivism for more impact? uncompressing that: it seems that in brick and mortar finance the bigger fish execute with greater advantage. Would this wind up being true in Bitcoin in the future: those with greater BTC are "smarter"?	[14:33]
mircea_popescu	by now mommentum is moving and they're maybe buying, but the rule is quite simple : by the time the stupid gets onboard the ship is already sinking.	[14:33]
mircea_popescu	i don't think there's any requirement for collectivism. in fact, the main seductive guile of btc to me is how prettily it completely decouples success from any sort of collective action whatsoever.	[14:34]
gesell	maybe i dont have my thoughts clear. im more wondering if we will start to see the little guy (even if smart in finance) feeling he can do nothing in BTC markets because he will always be out smarted by those (even with the same understanding as him in finance) that have more BTC to play	[14:34]
mircea_popescu	i doubt that can be done in btc.	[14:35]
mircea_popescu	as best i can guess the effect you describe is a result of the regulatory interplay in fiat.	[14:35]
gesell	yeah i agree but...	[14:35]
gesell	it is attractive that a lot of the regulatory weight in fiat is taken out of the picture	[14:36]
mircea_popescu	indeed.	[14:36]
gesell	so i also feel this huge weight lifted	[14:36]
gesell	in this market	[14:36]
gesell	but wondering if im getting too far ahead of my self with optimism	[14:36]
mircea_popescu	exactly. that weight mostly consists in making it impossible for someone to dominate just because they're big.	[14:36]
gesell	and that perhaps tradition tricks of the trade will game this market as well	[14:36]
mircea_popescu	irl a well run bank can't compete with a "too big to fail" bank	[14:37]
mircea_popescu	here, there's no saving you. if you fail you fail.	[14:37]
gesell	yeah	[14:37]
gesell	and on that note, is sdice too big to fail (in the bitcoin world)?	[14:37]
mircea_popescu	there is this very loud but imo stupid group who claim that btc is inherently unsustainable because "they are finance experts and know how to break it"	[14:38]
mircea_popescu	to my eyes it's much akin to the 16 yo kid that "knows hax"	[14:38]
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mircea_popescu	nothing is too big to fail.	[14:38]
gesell	wait that is close to home. how is it like a 16yo that knows hax?	[14:39]
mircea_popescu	heh. if indeed they could "own" bitcoin through their superior trading skills they'd be doing it, neh ?	[14:39]
gesell	maybe they are?	[14:40]
mircea_popescu	i'd know.	[14:40]
gesell	(i mean wtf was all that huge option btc stuff going on at mpex in the chat log you put up on your blog)	[14:40]
mircea_popescu	that was, as best i can guess, someone insuring a large btc obligation (via the calls) and someone trying to mommentum trade (short puts)	[14:40]
mircea_popescu	mind that the only one time someone came close to "owning" anything was august, and if that's the case the wisdom was insider information, not smarts.	[14:41]
mircea_popescu	other than that, the january people kinda got it on the chin, bot made 10k	[14:41]
gesell	what was in august?	[14:41]
mircea_popescu	http://polimedia.us/trilema/2012/mpoe-rezultate-august-2012/#comment-88317	[14:41]
gesell	beh, wish i understood typical finance more (slow going) but interesting read	[14:43]
mircea_popescu	basically that was when the pirate guy defaulted.	[14:44]
mircea_popescu	if you look at the graphs, was a large chunk of btc sold off	[14:44]
gesell	yeah got that	[14:44]
mircea_popescu	the grapewine abuz with the theory that that's the plan, crash btc price to rebuy cheap	[14:44]
mircea_popescu	course, if that was the plan it failed.	[14:45]
gesell	doesnt seem to me that this could not happen again, or many times	[14:45]
mircea_popescu	it does seem to me that it can't happen again	[14:45]
mircea_popescu	the many idiots with large btc holdings obtained just for being here early are now mostly bankrupt	[14:45]
mircea_popescu	im pretty sure that's the last ponzi.	[14:45]
gesell	perhaps the last ponzi (you mean pirate) but one could still game perception to swing price (if they a legitimate, non ponzi share of perceptional influance)	[14:46]
gesell	and use this advantage to sell high, buy low	[14:46]
gesell	or deal with puts, calls, etc	[14:47]
mircea_popescu	possibly.	[14:47]
gesell	avalon could have just added a month delay perhaps	[14:47]
gesell	"unexpectidly"	[14:47]
mircea_popescu	if you believe in markets as the ultimate allocator of resources, then that person's gain would always be smaller than the global benefit	[14:47]
mircea_popescu	tbh i doubt avalon turning out to be a scam tomorrow would do anything to the price.	[14:48]
gesell	just because there are other asics in the pipe	[14:48]
mircea_popescu	even without asics.	[14:48]
mircea_popescu	if all of them, bfl, avalon, asicminer, etc go the way of basic	[14:49]
mircea_popescu	what diff would it make ?	[14:49]
gesell	true	[14:49]
gesell	some, but not much	[14:49]
mircea_popescu	i mean sure ppl would get excited, but so what of it ? fpga ss till hash	[14:49]
gesell	but some could still be something one could game if they had insider information	[14:49]
mircea_popescu	that's always the case.	[14:49]
assbot	[MPEX] [S.MPOE] 5200 @ 0.00067192 = 3.494 BTC [-]	[14:52]
gesell	could someone use the blockchain to sell widgets locally? That is, I sell two types of widgests: WidgetA for 1btc and WidgetB for 2btc. You want to buy WidgetA. You send 1btc to 1WidgetA1234560abcdeff rx with a message embedded where where you want it shipped. I mean, couldnt this be a service to kill silkroad?	[14:56]
pigeons	explain how the "with a message embedded where where you want it shipped" works	[14:57]
gesell	you can embed a message in the 1btc send	[14:57]
gesell	encrypted or whatever	[14:58]
pigeons	what is an example method to embed the message	[14:58]
kakobreklaa	"send me to my . ktnxbai"	[14:58]
kakobreklaa	perfectly sane to keep it public	[14:58]
gesell	encrypted(send me to my )	[14:59]
pigeons	yeah what encoding method are you using to embed this message in a transaction?	[14:59]
kakobreklaa	the other thing is, how am i going to leave feedback?	[14:59]
gesell	from here you can also build the protocol ontop of the blockchain to exchange keys	[14:59]
kakobreklaa	sending some more coins with a note 'scam'	[14:59]
gesell	and yeah, you might even offer optional escrow and reputational services	[14:59]
kakobreklaa	:)	[14:59]
pigeons	oh building a protocol on top of, yeah, see namecoin, colored coins, etc	[14:59]
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gesell	yeah i know namecoin. learning about colored coins	[14:59]
gesell	a general reputation api/protocol on the block chain letting widget providers pick their reputation provider would be wicked	[15:00]
kakobreklaa	speaking of blockchain	[15:00]
kakobreklaa	has kiddie porn been pushed into it yet?	[15:00]
gesell	uch	[15:00]
kakobreklaa	i forgot	[15:00]
pigeons	gesell: also see ripple	[15:01]
gesell	yeah i hear the question. im sure it might be. dont want to contemplate it	[15:01]
gesell	yeah havent looked into the technical details of how ripple uses the blockchain. but the p2p concept is clear. but its more about the 6 degrees social aspect	[15:02]
assbot	[MPEX] [S.MPOE] 3000 @ 0.00066957 = 2.0087 BTC [-]	[15:02]
pigeons	ripple doesn't use the bitcoin blockchain, but it has its own blockchain called the "ledger"	[15:03]
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pigeons	but yes you choose which issuers to deal with and how to value them versus other issuers in ripple	[15:04]
assbot	[MPEX] [S.MPOE] 15314 @ 0.00066957 = 10.2538 BTC [-]	[15:04]
gesell	the advantage of using The blockchain as apposed to a new one is that you can use blockchain.info for all sorts of purposes (finding WidgedA sellers, checking reputation) and its a little harder to kill blockchain.info which has plenty of legal use, than specialwidgetsellerblockchain.info. So you could basically do silkroad without Tor	[15:05]
gesell	or at least, Tor is optional then	[15:05]
kakobreklaa	its not a thing of 'harder to kill'	[15:05]
pigeons	satoshi said he prefers new blockchains for this sort of stuff	[15:06]
kakobreklaa	would be like torrent	[15:06]
kakobreklaa	kill one site 10 pops up	[15:06]
kakobreklaa	to read the distributed blockchain file	[15:06]
gesell	yeah well sdice told satoshi to fuck off so	[15:06]
kakobreklaa	and then you can have local clients	[15:06]
pigeons	yeah what a slap, use his name for cred too !	[15:06]
kakobreklaa	heh	[15:07]
gesell	satoshi for pres 2016, lulzsec for VP	[15:07]
gesell	anyway	[15:08]
gesell	kakobreklaa: what would be like torrent?	[15:08]
gesell	kakobreklaa: a seperate blockchain for widget selling?	[15:08]
gesell	kakobreklaa: or using the existing one	[15:09]
kakobreklaa	if youd kill blockchain.info, 10 more would pop up, same as with torrent sites	[15:09]
assbot	[MPEX] [S.DICE] 1650 @ 0.00739499 = 12.2017 BTC [+]	[15:09]
gesell	i know but somehow i think if you kill the special widget blockchain front end (widgetblockchain.info) it would take a while to adjust.	[15:10]
pigeons	blockchain.info is slick, but i hate it when people think it is "official" or the only one	[15:10]
gesell	im trying to liberate subversive services from the Tor only option	[15:10]
gesell	i dont want to use use the or a blockchain as a database but also use it as the means for discovery of services, as well as the store and discovery for reputation	[15:12]
gesell	would be ellegant to have all of that information in the same protocol that exchanges wealth for purchase	[15:12]
pigeons	looks like colored coins is your best bet for that, but i still don't think the bitcoin blockchain is the best place	[15:13]
gesell	thanks for the rebase. time to dig into colored coin again	[15:13]
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mircea_popescu	gesell currently the prtoblem with bitcoin is that ther blocks are too small to contain the transactions	[15:23]
mircea_popescu	im pretty sure your bloatyblocks with messages in them would get dropped a liot.	[15:24]
assbot	[MPEX] [S.MPOE] 8936 @ 0.00066957 = 5.9833 BTC [-]	[15:24]
assbot	[MPEX] [S.MPOE] 10300 @ 0.00067202 = 6.9218 BTC [+]	[15:24]
assbot	[MPEX] [S.MPOE] 314 @ 0.00067342 = 0.2115 BTC [+]	[15:24]
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gesell	reading the colored coin pdf https://bitcoil.co.il/BitcoinX.pdf	[15:27]
gesell	"As was widely suspected in the case of GLBSE and eventually turned out correct, the lack of track record and regulatory compliance exacerbate the risk of unclean shutdown, throwing asset issuers and holders to limbo."	[15:27]
gesell	anyone have a good reference on the history of GLBSE and its closure?	[15:27]
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pigeons	gesell: its been done to death	[15:27]
*	error4733 has quit (Ping timeout: 276 seconds)	[15:28]
gesell	in specific that point about "regultory compliance" id like to uncompress	[15:28]
pigeons	nefario is asked questions about regulation at a conference in london, he says "who cares, can't get me"	[15:28]
DeadWeasel	;;asks 20	[15:28]
assbot	[MPEX] [S.MPOE] 8802 @ 0.00067342 = 5.9274 BTC [+]	[15:28]
gribble	There are currently 0 bitcoins offered at or under 20.0 USD, worth 0.0 USD in total.	[15:28]
assbot	[MPEX] [S.MPOE] 1438 @ 0.0006769 = 0.9734 BTC [+]	[15:28]
assbot	[MPEX] [S.MPOE] 360 @ 0.00067691 = 0.2437 BTC [+]	[15:28]
pigeons	2 weeks later he says black helicopters are after him and he shuts everything down	[15:28]
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DeadWeasel	;;asks 21	[15:28]
gribble	There are currently 4974.838 bitcoins offered at or under 21.0 USD, worth 104084.623608 USD in total.	[15:28]
assbot	[MPEX] [S.MPOE] 11100 @ 0.00066942 = 7.4306 BTC [-]	[15:29]
gesell	pigeons: funky	[15:30]
gesell	pigeons: black helicopters always get the best of us	[15:30]
pigeons	this was a few weeks after the SEC was investigating "bitcoin denominated securites"	[15:31]
pigeons	and they seemed more interested in glbse when interviewing folks than in pirateat40	[15:31]
gesell	yeah and everyone knows the SEC loves some black helicopters	[15:31]
pigeons	but there is no indication that there was any contact even with nefario by them	[15:31]
gesell	okay	[15:32]
mircea_popescu	guy just had a bad trip, ended up convinced "they're after him"	[15:33]
mircea_popescu	https://bitcointalk.org/index.php?topic=140052.0 this is all sorts of funny	[15:34]
gesell	author of colored coin argues for using bitcoin blockchain is better than deploying a new chain due to security of pooled hashrate. other options given are subject to the long tail of adoption. also, still going through it, appears to focus on tie tokens to assets. the asset of a widgetA isnt so important to me as the reputation of the source (rx addr) for widgetA. So I have to contemplate how to use colored coin for reputation. but ignorin	[15:36]
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pigeons	there is some discussion on the ripple list last couple days on this, with intended application of seller reviews	[15:37]
assbot	[BTCTC] [B.YABMC] 10 @ 0.0234 = 0.234 BTC [-]	[15:39]
gesell	pigeons: will check it out. thanks	[15:39]
gesell	ripple threat on bitcointalk or somewhere else?	[15:39]
gesell	s/threat/thread	[15:39]
assbot	[BTCTC] [B.YABMC] 29 @ 0.0233 = 0.6757 BTC [-]	[15:39]
jurov	mjrIII, btw i just added calculator to coinbr options exercise screen, if you have bought any options you can click on Exercise and see the estimated yield.	[15:40]
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jurov	[11:04:46] mjrIII bitfloor is a bitcoinica clone running stolen code <<< you confuse it with bitfinex, no?	[15:40]
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pigeons	gesell: https://groups.google.com/forum/?fromgroups#!topic/rippleusers/zntNJxjwmUs	[15:41]
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pigeons	also see proposed OTC WoT v2 from #bitcoin-wot and privwiki.dreamhosters.com/wiki/Distributed_Web_of_Trust_Proposal_2	[15:43]
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mircea_popescu	jurov ow fuck!	[15:45]
mircea_popescu	sorry!	[15:45]
gesell	(the bible talks about a 1000 year reign of peace and tranquility. I wonder if in the end we will realize this is dependent on the dificulting of factoring 'n' into p and q)	[15:45]
mircea_popescu	since we're giving gesell reading lists, http://polimedia.us/trilema/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/	[15:46]
mircea_popescu	esp. problem 3.	[15:46]
mircea_popescu	and unrelatedly : anyone starting any sort of business and naming it bit* bitcoin* or *coin IS AN IDIOT	[15:46]
mircea_popescu	i can't fucking keep track of them anymore, it's all a blur. plus when i go to type into the url bar i have to type an entire word!	[15:47]
assbot	[MPEX] [S.MPOE] 10600 @ 0.00067228 = 7.1262 BTC [+]	[15:47]
gesell	thanks mircea_popescu and pigeons	[15:49]
assbot	[MPEX] [S.MPOE] 24200 @ 0.00067228 = 16.2692 BTC [+]	[15:51]
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mjr_	in the analogy of bitcoin as cash...	[16:03]
mjr_	if your harddrive crashes	[16:03]
mjr_	you have destroyed currency...	[16:03]
mjr_	in other words, there are bitcoins which can never be spent at this point correct?	[16:04]
kakobreklaa	yea	[16:04]
pigeons	yes, i've contributed to them	[16:04]
mjr_	equivalent to gold in sunken pirate ships?	[16:04]
pigeons	in your imagination, sure why not	[16:04]
kakobreklaa	that gold can be found	[16:04]
pigeons	yeah easier to find the gold than the chance of guessing the key	[16:05]
mjr_	no i know	[16:05]
mjr_	my point was not to try and find this	[16:05]
mjr_	but in how it would affect the scarcity of bitcoins	[16:05]
pigeons	not much effect really	[16:05]
mjr_	since everyone and there mom throws around the 21 million number	[16:05]
kakobreklaa	its preety scarse as is	[16:05]
mjr_	it is	[16:06]
mjr_	just curious what effect if any that would have	[16:06]
assbot	[MPEX] [S.MPOE] 2383 @ 0.00066942 = 1.5952 BTC [-]	[16:06]
assbot	[MPEX] [S.MPOE] 10867 @ 0.00066624 = 7.24 BTC [-]	[16:06]
kakobreklaa	so loosing a million coins out of 20 wont do much	[16:06]
jurov	lol i realized if some tards succeed to get btc recognized as currency, they can be prosecuted for debasement whenever their hdd crashes without backups	[16:06]
mjr_	joker style...it's about sending a message	[16:06]
mjr_	jurov: you mean debasement as in melting down US coins? Cuz you are actually increasing the average value i would imagine	[16:07]
kakobreklaa	yea	[16:07]
jurov	yes, i mean it as law understands it	[16:07]
kakobreklaa	one should get paid to destroy coins	[16:07]
mjr_	some men just want to see the world burn	[16:07]
mjr_	so frustrated with banking right now	[16:10]
mjr_	2 days to link account, 2 days to transfer	[16:10]
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error4733	+9K since the last dooglus update for S.DICE. 20K for January	[16:13]
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assbot	[MPEX] [S.MPOE] 6433 @ 0.00066624 = 4.2859 BTC [-]	[16:16]
assbot	[MPEX] [S.MPOE] 3951 @ 0.00066611 = 2.6318 BTC [-]	[16:16]
assbot	[MPEX] [S.MPOE] 9812 @ 0.00066611 = 6.5359 BTC [-]	[16:17]
assbot	[MPEX] [S.MPOE] 4088 @ 0.00066566 = 2.7212 BTC [-]	[16:17]
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error4733	8h if you want a piece of dividends !! 10K S.DICE = 2BTC @15h15UTC	[16:17]
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assbot	[MPEX] [S.DICE] 200 @ 0.007261 = 1.4522 BTC [-]	[16:19]
assbot	[MPEX] [S.DICE] 300 @ 0.00726 = 2.178 BTC [-]	[16:19]
assbot	[MPEX] [S.DICE] 1255 @ 0.00705825 = 8.8581 BTC [-]	[16:19]
assbot	[MPEX] [S.DICE] 1145 @ 0.00705422 = 8.0771 BTC [-]	[16:19]
mircea_popescu	since everyone and there mom throws around the 21 million number << that number will be reached sometime in 2150	[16:20]
mircea_popescu	error4733 they may be a little late rthan midnight	[16:21]
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thestringpuller	do you expect to be alive in 2150 mircea_popescu ?	[16:24]
mircea_popescu	i have no idea	[16:24]
*	terryww (~terryww@95.87.143.250) has joined #bitcoin-assets	[16:24]
mircea_popescu	tho life expectancy has been mostly growing faster than my age for the past decades.	[16:24]
pigeons	what is the bitbet.us link to if mircea_popescu lives to 2150?	[16:25]
mircea_popescu	you can't bet on people dieing omg	[16:25]
pigeons	what are the current odds	[16:25]
jurov	i suspect not very high. over time there will be enough ppl willing to assassinate him	[16:25]
error4733	yes u cant, in UK	[16:26]
mircea_popescu	actually teh number of people willing to assasinate me is probably towards the lowest historical point atm	[16:26]
mircea_popescu	im only pissing off a buncha pasty ass computer geeks currently.	[16:27]
mircea_popescu	that's significant downstep for me	[16:27]
error4733	tons on queen death every year	[16:27]
assbot	[MPEX] [S.MPOE] 4600 @ 0.00066748 = 3.0704 BTC [+]	[16:30]
assbot	[BTCTC] [BASIC-MINING] 15 @ 0.3351 = 5.0265 BTC [-]	[16:31]
assbot	[BTCTC] [BASIC-MINING] 2 @ 0.3301 = 0.6602 BTC [-]	[16:31]
assbot	[BTCTC] [BASIC-MINING] 1 @ 0.33 BTC [-]	[16:31]
assbot	[BTCTC] [BASIC-MINING] 5 @ 0.33 = 1.65 BTC [-]	[16:31]
pigeons	hmm i wonder is BASIC-MINING intended to mine with bASICs	[16:32]
assbot	[BTCTC] [BASIC-MINING] 3 @ 0.3399 = 1.0197 BTC [+]	[16:33]
assbot	[BTCTC] [BASIC-MINING] 1 @ 0.34 BTC [+]	[16:33]
assbot	[MPEX] [S.MPOE] 18100 @ 0.00066748 = 12.0814 BTC [+]	[16:33]
assbot	[MPEX] [S.MPOE] 10000 @ 0.00066748 = 6.6748 BTC [+]	[16:34]
kakobreklaa	https://blockchain.info/charts/my-wallet-n-users	[16:35]
kakobreklaa	new year breaks the line about.	[16:35]
kakobreklaa	quite insane	[16:35]
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assbot	[MPEX] [S.MPOE] 4887 @ 0.00066566 = 3.2531 BTC [-]	[16:38]
assbot	[MPEX] [S.MPOE] 5600 @ 0.00066478 = 3.7228 BTC [-]	[16:38]
mircea_popescu	kakobreklaa mpex new accts looks similar.	[16:38]
kakobreklaa	chart it.	[16:38]
mircea_popescu	mm	[16:39]
pizzaman1337	how many accounts are there?	[16:39]
mircea_popescu	brb	[16:39]
assbot	[BTCTC] [RSM] 89 @ 0.0091 = 0.8099 BTC [+]	[16:40]
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gesell	"(15:26:46) mircea_popescu: you can't bet on people dieing omg" seriously? isnt this why bitcoin was created in the first place https://en.wikipedia.org/wiki/Jim_Bell	[16:41]
assbot	[BTCTC] [RSM] 20 @ 0.0092 = 0.184 BTC [+]	[16:42]
assbot	[MPEX] [S.MPOE] 3908 @ 0.00066401 = 2.595 BTC [-]	[16:43]
gesell	mircea_popescu: how often does the mpex RSS update. not showing a lot of recent trades	[16:44]
mircea_popescu	i would guess every time you reload it ?	[16:45]
mircea_popescu	3`908 S.MPOE @0.00066401 i see as most recent one.	[16:46]
gesell	no i meant is there a delay from the values showing up here and showing up on the rss	[16:46]
mircea_popescu	shouldn't be.	[16:46]
gesell	okay, my client then	[16:46]
gesell	thanks	[16:46]
mircea_popescu	at least hacven't received any complaints on the matter so far.	[16:46]
kakobreklaa	yeah rss thats a fail protocol	[16:47]
kakobreklaa	which remembers me i promissed some dude ill add it to bitbet	[16:47]
kakobreklaa	fuck.	[16:47]
jurov	well, live.coinbr uses rss. but so far i did not notice missing trades there	[16:49]
jurov	btw, is the assapi public? i mean, mpex side of it	[16:51]
kakobreklaa	doesnt work that way	[16:52]
kakobreklaa	exchanges get access to url to push trades in	[16:52]
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jurov	hmmm.. and when assbot fails,are they queued?	[16:53]
kakobreklaa	ya	[16:53]
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assbot	[MPEX] [S.MPOE] 7600 @ 0.00066401 = 5.0465 BTC [-]	[16:55]
assbot	[HAVELOCK] [SDICE] 6 @ 0.759 = 4.554 BTC [+]	[16:59]
*	wences (~chippewa_@204.11.229.46.static.etheric.net) has joined #bitcoin-assets	[16:59]
assbot	[MPEX] [S.MPOE] 2443 @ 0.00066401 = 1.6222 BTC [-]	[17:01]
assbot	[MPEX] [S.MPOE] 7307 @ 0.00066383 = 4.8506 BTC [-]	[17:01]
assbot	[MPEX] [S.MPOE] 5613 @ 0.00066432 = 3.7288 BTC [+]	[17:05]
assbot	[MPEX] [S.MPOE] 5087 @ 0.00066748 = 3.3955 BTC [+]	[17:05]
pizzaman1337	mircea_popescu: I have a present for you in your mailbox :)	[17:06]
pizzaman1337	or something like that...	[17:06]
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assbot	[MPEX] [S.MPOE] 4400 @ 0.00066383 = 2.9209 BTC [-]	[17:13]
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assbot	[MPEX] [S.MPOE] 12053 @ 0.00066748 = 8.0451 BTC [+]	[17:17]
assbot	[MPEX] [S.MPOE] 760 @ 0.00067067 = 0.5097 BTC [+]	[17:17]
*	DBordello (~DBordello@unaffiliated/dbordello) has joined #bitcoin-assets	[17:18]
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gesell	bleh, 21	[17:27]
gesell	i want to understand, but cant. not that im complaining	[17:28]
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smickles	wow	[17:32]
smickles	it's like the market was brainwashed with the phrase 'another day, another dollar'	[17:33]
thestringpuller	;;ticker	[17:36]
gribble	BTCUSD ticker \| Best bid: 20.85001, Best ask: 20.90999, Bid-ask spread: 0.05998, Last trade: 20.85001, 24 hour volume: 67820.77842782, 24 hour low: 19.39660, 24 hour high: 20.97000, 24 hour vwap: 20.09227	[17:36]
mircea_popescu	kakobreklaa http://polimedia.us/trilema/2013/mpex-paid-accounts/	[17:38]
mircea_popescu	;;ticker	[17:39]
gribble	BTCUSD ticker \| Best bid: 20.95000, Best ask: 21.00110, Bid-ask spread: 0.05110, Last trade: 21.00111, 24 hour volume: 70551.15359422, 24 hour low: 19.39660, 24 hour high: 21.00111, 24 hour vwap: 20.12700	[17:39]
mircea_popescu	another minute another dime more like it.	[17:39]
BingoBongo	Glad I took this bet http://bitbet.us/bet/175/btc-usd-at-mtgox-will-stay-above-14-88-and/	[17:40]
mircea_popescu	lol srsly.	[17:41]
mircea_popescu	i considered it but passed. my loss.	[17:41]
assbot	[HAVELOCK] [SDICE] 5 @ 0.749 = 3.745 BTC [-]	[17:42]
assbot	[MPEX] [S.DICE] 200 @ 0.00705423 = 1.4108 BTC [+]	[17:43]
assbot	[MPEX] [S.DICE] 155 @ 0.00705422 = 1.0934 BTC [-]	[17:43]
smickles	mircea_popescu: you really like to use those charts now, eh?	[17:45]
BingoBongo	;;ticker	[17:45]
gribble	BTCUSD ticker \| Best bid: 21.22165, Best ask: 21.26343, Bid-ask spread: 0.04178, Last trade: 21.26343, 24 hour volume: 71060.56862533, 24 hour low: 19.40450, 24 hour high: 21.26343, 24 hour vwap: 20.14486	[17:45]
mircea_popescu	smickles which ?	[17:45]
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DeadWeasel	;;bc,24hprc	[17:51]
gribble	20.12	[17:51]
kakobreklaa	thanks for the chart mp	[17:51]
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mircea_popescu	yee	[17:53]
smickles	mircea_popescu: oh, i was confused. I thought that blockchain chart was one of those thinkercharts you used earlier	[17:56]
mircea_popescu	a no	[17:56]
mircea_popescu	but those ARE really cool	[17:56]
smickles	oh, hey. is ther rota dead to the point that it shouldn't be mentioned in new contracts as the dispute resolution method?	[17:56]
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mircea_popescu	smickles well it's only dead to the point that i wouldn't currently trust it with a case involving my or mpex's interests	[17:58]
mircea_popescu	if you want to go on a limb with it, by all means.	[17:58]
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assbot	[MPEX] [S.MPOE] 5400 @ 0.00066486 = 3.5902 BTC [-]	[18:02]
assbot	[MPEX] [S.MPOE] 4473 @ 0.00066912 = 2.993 BTC [+]	[18:02]
assbot	[MPEX] [S.MPOE] 77 @ 0.00066951 = 0.0516 BTC [+]	[18:02]
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smickles	so if it's at or near 30 tomorror, probaby time to buy some puts or somehting	[18:06]
mircea_popescu	it does look bubbly.	[18:07]
BingoBongo	Well, Thursday was the day last week for a spike followed by "This is moving too fast" sobriety	[18:10]
BingoBongo	;;ticker	[18:10]
gribble	BTCUSD ticker \| Best bid: 20.80001, Best ask: 20.88000, Bid-ask spread: 0.07999, Last trade: 20.90996, 24 hour volume: 72209.06640419, 24 hour low: 19.40450, 24 hour high: 21.30000, 24 hour vwap: 20.22626	[18:10]
thestringpuller	i read in fortune in 2011: we dont know of it is a bubble until it pops	[18:10]
thestringpuller	so is this really a bubble?	[18:12]
mircea_popescu	http://i.imgur.com/mXGnpvK.png	[18:13]
mircea_popescu	this image is so humorous	[18:13]
mircea_popescu	thestringpuller by the time you're buying it it will be	[18:13]
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smickles	thestringpuller: generally, you cut losses and let profits ride, that's why, when you suspect a bubble, you don't sell all. you hedge your position	[18:22]
smickles	essentially, weaken future potential profits in order to preserver the current ones	[18:23]
gesell	mircea_popescu: do you see any new companies coming into the mpex fold? also i assume you just avoid including all the miner pools, correct?	[18:24]
mircea_popescu	miner pools aren't exactly companies.	[18:25]
gesell	by coming into the fold i mean, ipos	[18:25]
gesell	yeah	[18:25]
mircea_popescu	well, in principle yes.	[18:25]
mircea_popescu	in practice, good companies with revenue and market don't much want to list because why share your profits	[18:25]
mircea_popescu	and also why put up with idiots a la PsychoticBoy eskimoblob etc filling up the forum with nonsense	[18:26]
gesell	to support bitcoin, aggressive expansion (advertising)	[18:26]
pizzaman1337	so why did S.DICE list?	[18:26]
gesell	pizzaman1337: to cover their risks, and expansion	[18:26]
mircea_popescu	pizzaman1337 well, for multiplereasons. there's a lot of benefit to being listed as a dice site	[18:26]
smickles	lol, that image.. the "why did I get this?" link	[18:26]
mircea_popescu	because you can very convincingly argue you can afford to pay wins	[18:26]
mircea_popescu	so whales dare play.	[18:27]
smickles	it links to http://www.youtube.com/watch?v=WeYsTmIzjkw	[18:27]
PsychoticBoy	and also why put up with idiots a la PsychoticBoy eskimoblob etc filling up the forum with nonsense<< LOL	[18:27]
gesell	mircea_popescu: is any part of the process and application for ipos public, posted as news, by you or them? or is it pretty much until it happens. i mean, even knowing when a new company will release ipos there might be a nice way to get an alert	[18:27]
PsychoticBoy	Go back to your trailer	[18:27]
mircea_popescu	gesell http://polimedia.us/trilema/2012/how-does-one-list-on-mpex/	[18:28]
PsychoticBoy!@	added to ignore list.	[18:28]
assbot	[MPEX] [S.MPOE] 11350 @ 0.00066951 = 7.5989 BTC [+]	[18:28]
DeadWeasel	I don't think bitcoin needs 'aggressive expansion'.	[18:29]
gesell	mircea_popescu: yeah that is the means for exploring signing up with you. im just curious if investors can get a headsup when this starts, or at least when its going to happen. rather than just refreshing the mpex website all the time	[18:29]
DeadWeasel	it has momentum.	[18:29]
mircea_popescu	gesell in general ipos are announced in advance. were you around during the bbet ipo ?	[18:29]
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gesell	no, i wasnt. left the scene for a while until dec last year	[18:30]
assbot	[MPEX] [S.MPOE] 12423 @ 0.00066951 = 8.3173 BTC [+]	[18:30]
assbot	[MPEX] [S.MPOE] 2177 @ 0.00067067 = 1.46 BTC [+]	[18:30]
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gesell	where do you anounce, on blog (with a certain category i can monitor) or here, or twitter, or?	[18:31]
mircea_popescu	ok, so, site was opened for beta, it was announced it will ipo in 5 days,	[18:31]
mircea_popescu	the details were available (contract was published)	[18:31]
mircea_popescu	and then on ipo day people just got their asks filled	[18:31]
assbot	[MPEX] [S.MPOE] 4956 @ 0.00066707 = 3.306 BTC [-]	[18:31]
assbot	[MPEX] [S.MPOE] 11050 @ 0.00066656 = 7.3655 BTC [-]	[18:31]
assbot	[MPEX] [S.MPOE] 3494 @ 0.00066647 = 2.3286 BTC [-]	[18:32]
gesell	where was it announced, blog and mpex site, that all?	[18:32]
mircea_popescu	in general i'll say something here and mpoe-pr will make an announcement on forum	[18:32]
gesell	sorry to get specific but id just like to monitor the progress	[18:32]
gesell	ok	[18:32]
mircea_popescu	course people are allowed to announce their ipo wherever they want	[18:32]
mircea_popescu	nothing wrong with being specific	[18:32]
smickles	aslo, it shows up on mpex.co, but you're unable to trade it	[18:32]
gesell	im just assuming there will be a day im not so active with bct and might only monitor once a month	[18:32]
smickles	'cause there're no sells yet	[18:32]
gesell	but there are certain things id like to know right away	[18:32]
gesell	such as new companies going public'ish	[18:33]
mircea_popescu	well, if anyone actually starts a real analyst service for btc finance	[18:33]
mircea_popescu	i suppose they might maintain an emergency mail list	[18:33]
gesell	yeah	[18:33]
mircea_popescu	it really boggles me that this isn't moving, the need for btc finance news is marked and yet... crckets	[18:33]
mircea_popescu	people make gemsites.	[18:34]
gesell	someone should just grab googles and others from the forum and cuddle them for a while, until eventually having such a service	[18:34]
gesell	goodles, whatever his name is	[18:34]
mircea_popescu	dooglus ?	[18:35]
gesell	the couple pay for btc financial analysis services seem like crap, that are out there at the moment	[18:35]
gesell	dooglus, yeah	[18:35]
mircea_popescu	yeah, he could do a fine job.	[18:35]
mircea_popescu	so tell him lol	[18:35]
DeadWeasel	problem is the forum isn't good new with so much trolling, and google pickups are too sparse. but in time news should pick up enough.	[18:35]
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mircea_popescu	DeadWeasel i imagine something like a blog would be great.	[18:36]
smickles	yeah, you don	[18:36]
smickles	't need to provide the service	[18:36]
gesell	S.dooglus	[18:36]
smickles	just build the organization which pays the the people who do	[18:36]
mircea_popescu	i think tbh, most people on mpex are btc addicts, reading it all multiple times a day	[18:37]
smickles	how hard is it to receive btc payments and pay employees/contractors/freelancers?	[18:37]
DeadWeasel	that would fit the definition of blog. trolling and updated every 3 days or less	[18:37]
gesell	smickles: a spreadsheet?	[18:37]
assbot	[MPEX] [S.MPOE] 11150 @ 0.00066647 = 7.4311 BTC [-]	[18:37]
smickles	gesell: how much would you pay for a subscription to 'btc finance'	[18:38]
gesell	mircea_popescu: yeah feels like a lot of day traders around (or that type of fervant observation)	[18:38]
mircea_popescu	gesell i suppose the alternative would be to just invest in a fund, and let the manager worry about daily news	[18:38]
mircea_popescu	of course, due to the idiocy that was glbse, it will be a little while yet before people trust such funds	[18:39]
smickles	1 btc / month?	[18:39]
gesell	smickles: i'd expect it to cover options, dirivitives, cover some hot topics ("why 21 without huge influx of new users?", with data) and have code to pwn blockchain analysis. I'd pay a BTC a month at the moment	[18:39]
gesell	and im sure those with more money in the market would pay a lot more	[18:39]
gesell	also, consider that your "experts" will get requests from big players. you will note on the sdice analysis thread mr sdice asked two people for help in analysis privately	[18:40]
gesell	so you'll have consultancy on the side	[18:40]
assbot	[MPEX] [S.DICE] 4450 @ 0.00651702 = 29.0007 BTC [-]	[18:40]
assbot	[MPEX] [S.DICE] 1550 @ 0.00651712 = 10.1015 BTC [+]	[18:40]
smickles	ok, who would be willing to write these articles for .3 btc per article?	[18:40]
gesell	i think you just find the people doing it and pay them a little to do it as a collective. you guide them in how to give enough information publicly but have more privately. for example dougles could put half the detail he does on his analysis of sdice and still provide huge value publicly and the rest privately	[18:41]
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mircea_popescu	i doubt you could get him to go for a scheme like that	[18:42]
gesell	for example, was thinking about this today	[18:42]
mircea_popescu	struck me as a very open-source type.	[18:42]
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gesell	the analysis sdice is nice but i'd like to see someone reverse engineer the blockchain to try to determine the PRNG sdice is depending on, then explore potential weaknesses or just confirm there are none. Maybe show where in the history the PRNG changed. but thats more hacker type of analysis	[18:43]
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gesell	to me they all mix though	[18:43]
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smickles	yeah, thing about dooglas, anyone could do that. so if you put up a pay wall, someone else will run the script publically	[18:43]
mircea_popescu	i have no idea what prng is	[18:43]
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gesell	psuedo-number-random-generator	[18:44]
gesell	i dont know the internals yet but i assume the calculations on winning nubmers depend on some randomness	[18:44]
smickles	well, i have a hunch I could produce 1 article per day, if only I had the writers	[18:44]
Bugpowder	#WINNING	[18:44]
mircea_popescu	o hey Bugpowder :	[18:45]
mircea_popescu	"Pastebin dump of a letter from SEC sent to several people who ran "funds" on GLBSE. Forum statements about people calling the attorney on the letter and providing statements. Not clear if it was just elaborate trolling..."	[18:45]
gesell	im also assuming a PRNG is involved (/dev/random, etc)	[18:45]
mircea_popescu	you got that pastebin ?!	[18:45]
mircea_popescu	or did you mean the pirate thing	[18:45]
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smickles	it was the pirate thing	[18:45]
mircea_popescu	gesell it's not.	[18:45]
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mircea_popescu	the randomness for s.dice is provided by the blockchain itself.	[18:45]
gesell	yeah and extrapolate back to where bitcoin depends on a PRNG	[18:46]
Bugpowder	S.DICE back over 20,000 for the month	[18:46]
Bugpowder	heheh	[18:46]
assbot	[MPEX] [S.DICE] 49 @ 0.0069328 = 0.3397 BTC [+]	[18:46]
mircea_popescu	smickles there were rumours of some actual glbse investigation, i was never able to obtain anything whatsoever	[18:46]
jurov	;;asks 20.46	[18:47]
gribble	There are currently 0 bitcoins offered at or under 20.46 USD, worth 0.0 USD in total.	[18:47]
Bugpowder	I saw a paste bin thing	[18:47]
Bugpowder	that's it	[18:47]
Bugpowder	long time ago.	[18:47]
jurov	;;asks 21.46	[18:47]
gribble	There are currently 530.07335 bitcoins offered at or under 21.46 USD, worth 11327.2941393 USD in total.	[18:47]
assbot	[MPEX] [S.DICE] 1 @ 0.00724211 BTC [+]	[18:47]
smickles	Bugpowder: would you write articles about the btc finance world for a starting wage of .3 btc per article?	[18:47]
Bugpowder	me?	[18:47]
Bugpowder	no	[18:47]
smickles	dam	[18:47]
mircea_popescu	lmao smickles	[18:47]
smickles	you'd get raises proportional to the # of subscribers :D	[18:48]
jurov	bugpowder, i can throw in another 0.3	[18:48]
smickles	jurov: you can be a subscriber, i'm the boss here	[18:48]
smickles	:P	[18:48]
gesell	mircea_popescu: yeah i guess i should understand how sdice works	[18:48]
mircea_popescu	everyone wants to be an entrepreneur, nobody wants to do any work anymore	[18:48]
smickles	btw jurov, would you write articles for .3 btc each starting out ?	[18:49]
smickles	:)	[18:49]
jurov	maaybe somethign short. when i'm in mood	[18:49]
Bugpowder	I will tweet for 0.3BTC / tweet	[18:50]
smickles	it doesn't have to be long, just newsworthy or quality information	[18:50]
gesell	I'll retweet Bugpowder for 0.03btc	[18:50]
mircea_popescu	Bugpowder how many followers ?	[18:51]
pigeons	i pastebinned the letter i got from the sec, i verified it was from the sec, i know lots of people who talked with the sec and they wanted to know, "how did you get your glbse account?" "who promotes glbse?" etc	[18:51]
smickles	ok, what about 2.1 BTC per article?	[18:51]
assbot	[BTCTC] [BTC-BOND] 499 @ 0.01 = 4.99 BTC [+]	[18:51]
*	jurov searches reddit furiously, saw some computer generated btc articles there	[18:51]
jurov	2.1BTC is much fairer game	[18:51]
Bugpowder	21.4	[18:52]
mircea_popescu	honestly, i think the only way that idea will work is owner-operated	[18:52]
mircea_popescu	as a sort of what's his name, the techcrunch guy.	[18:52]
Bugpowder	yeah you want to make money on the back end too	[18:52]
gesell	alright, important question... where are some ruby based exchanges... gonna go get me some bitcoin https://web.nvd.nist.gov/view/vuln/detail?vulnId=CVE-2013-0333	[18:53]
gesell	(released TODAY)	[18:53]
mircea_popescu	gesell you're late.	[18:53]
gesell	oh???	[18:53]
gesell	:(	[18:53]
mircea_popescu	what AGAIN ?!	[18:53]
mircea_popescu	don't tell me ruby is blown wide open twice in three weeks	[18:53]
gesell	yeah this is in yaml JSON processing, and we know btc looooves them some JSON	[18:54]
DeadWeasel	and those are the KNOWN vulnerabilities	[18:54]
mircea_popescu	anyway, vircurex/cryptostocks got owned, bitfinex escaped through global disinterest.	[18:54]
jurov	gesell, what about php :D	[18:54]
mircea_popescu	there's plenty more on ruby. glbse escaped through being already dead.	[18:54]
assbot	[BTCTC] [GSDPT] 100 @ 0.0075 = 0.75 BTC [+]	[18:54]
gesell	actually, from people that k n o w, this new bug was based on the old one (https://community.rapid7.com/community/metasploit/blog/2013/01/09/serialization-mischief-in-ruby-land-cve-2013-0156) but HD Moore just missed it	[18:55]
mircea_popescu	a ok	[18:55]
assbot	[BTCTC] [B.YABMC] 25 @ 0.0265 = 0.6625 BTC [+]	[18:57]
pigeons	bitcoin-central.net also	[18:57]
smickles	well, 10 subscribers per writer at 1btc per subscription means 1 article per week per writer. writers paid 2.1 btc per article, and a decent rake for the operator	[18:57]
gesell	whats gox on, btw?	[18:57]
gesell	(ruby, pyton, whitespace)?	[18:57]
jurov	it's in befunge	[18:57]
DeadWeasel	nobody gonna pay that.	[18:57]
DeadWeasel	owner operated with ad rev is your best bet	[18:57]
jurov	these "technical anal" dudes get paid quite nicely i heard	[18:57]
gesell	whats technical anal? and ill try to avoid all the puns that come to mind	[18:57]
smickles	DeadWeasel: i think you're wrong, a few people have already said that they'd pay 1 btc per month	[18:58]
mircea_popescu	yup, networkd throughput over 30	[18:58]
mircea_popescu	this is a new record.	[18:58]
jurov	gesell http://blog.bitcoinwatch.com/ for example	[18:58]
smickles	gesell: technical analysis applied to bitcoin	[18:58]
jurov	many of them have closed paid newsletter	[18:58]
gesell	i really find that site stupid	[18:58]
gesell	it states the obvious and draws sime lines	[18:59]
mircea_popescu	i would say someone somewhere is hashing on asics	[18:59]
kakobreklaa	;;bc,stats	[18:59]
gribble	Current Blocks: 211512 \| Current Difficulty: 3438908.9601591 \| Next Difficulty At Block: 211679 \| Next Difficulty In: 167 blocks \| Next Difficulty In About: 1 day, 2 hours, 15 minutes, and 22 seconds \| Next Difficulty Estimate: 3385331.85509049 \| Estimated Percent Change: -1.557968114	[18:59]
jurov	and ddif goes down. yea.	[18:59]
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mircea_popescu	strange	[19:00]
mircea_popescu	bitcoincharts reports Difficulty 2968775 Estimated 3111301 in 800 blks	[19:00]
mircea_popescu	the bot is way behind on the block count too	[19:01]
mircea_popescu	we're at 218944 currently.	[19:01]
*	BingoBongo (60230280@gateway/web/freenode/ip.96.35.2.128) has joined #bitcoin-assets	[19:01]
smickles	ok	[19:02]
smickles	I'm launching it	[19:02]
smickles	1btc per month, news and research on all the 'bitcoin assets'	[19:02]
jurov	i can write funny summary of happenings between ukto and burnside :D	[19:03]
mircea_popescu	jurov ^	[19:03]
mircea_popescu	also the two guys with the gem and gold bar	[19:03]
jurov	including the aftermath, they tend to come to me separately for a cookie and soothing word	[19:03]
mircea_popescu	ajahaha!	[19:03]
smickles	I think i can get dooglus to present information tailored to shareholders, rather than just the curious	[19:05]
smickles	*shareholders and potential investors, that is	[19:05]
mircea_popescu	so mazel tov	[19:06]
BingoBongo	;; ticker	[19:10]
gribble	BTCUSD ticker \| Best bid: 21.25025, Best ask: 21.38000, Bid-ask spread: 0.12975, Last trade: 21.25000, 24 hour volume: 80777.74688070, 24 hour low: 19.42552, 24 hour high: 21.43000, 24 hour vwap: 20.34921	[19:10]
gesell	does anyone know if exchanges operate their own bots. ive noticed bots responding to bids with <500ms delay to my bids on one exchange	[19:12]
*	awkorama (~awkorama@dial-95-105-156-78-orange.orange.sk) has joined #bitcoin-assets	[19:12]
assbot	[MPEX] [S.MPOE] 5106 @ 0.00066647 = 3.403 BTC [-]	[19:12]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00066384 = 2.8685 BTC [-]	[19:12]
assbot	[MPEX] [S.MPOE] 4297 @ 0.00066383 = 2.8525 BTC [-]	[19:12]
assbot	[MPEX] [S.MPOE] 7102 @ 0.00066299 = 4.7086 BTC [-]	[19:12]
gesell	smickles: throw into it your monitoring of this channel and mpex. get share holder info automated where possible, have an article every month... a couple other pretty graphs. and your done	[19:13]
mircea_popescu	gesell which one ?	[19:13]
gesell	for instance, historical data of mpex might be usefull and not provided anywhere yet	[19:13]
gesell	mircea_popescu: bitcoin-24	[19:13]
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gesell	smickles: most of it could be public. for instance mircea's insight on pirate insider trading. but you could have comments to that private to subscribers	[19:15]
gesell	already with that you provide a nice community	[19:15]
mircea_popescu	eh, another bootstrap	[19:15]
mircea_popescu	didn't even know it existed.	[19:15]
mircea_popescu	19.7 ? srsly ?	[19:16]
gesell	smickles: mircea_popescu might even help you by giving you a dump of the historical trades ;)	[19:16]
gesell	bitcoin-24 is very close to mtgox price	[19:17]
jurov	i'll write a book "MPEx: The Missing Manual" and sell it for 10BTC. dead trees only.	[19:17]
gesell	they take no cover for trades	[19:17]
gesell	bitcoin-24 is only based on donations atm	[19:17]
gesell	scary as sht from the security perspective. but then again, maybe they their money by cherry picking trades via the backend and bots	[19:18]
assbot	[MPEX] [S.MPOE] 2926 @ 0.00066299 = 1.9399 BTC [-]	[19:23]
assbot	[MPEX] [S.MPOE] 2772 @ 0.00066299 = 1.8378 BTC [-]	[19:27]
assbot	[MPEX] [S.MPOE] 5650 @ 0.00066144 = 3.7371 BTC [-]	[19:27]
assbot	[MPEX] [S.MPOE] 4378 @ 0.00066042 = 2.8913 BTC [-]	[19:27]
DeadWeasel	I'll OCR that shit and sell it for 5BTC, of course I'll only sell one before it's a torrent, and we're both screwed.	[19:28]
DeadWeasel	How about someone writes a guide on how to handle their taxes when they have BTC?	[19:28]
DeadWeasel	I have no clue.	[19:29]
DeadWeasel	any pointers?>	[19:29]
gesell	then ill take the torrent, cut it up into tweet size segments, and embed it in the blockchain	[19:29]
gesell	man that message feature for the chain is gonna be a disaster some day	[19:30]
gesell	then again, maybe its exactly what moorse law needed	[19:30]
mircea_popescu	!ticker m s.mpoe	[19:30]
assbot	[MPEX:S.MPOE] 1D: 0.00065258 / 0.0006662 / 0.00067692 (1721184 shares, 1,146.66 BTC), 7D: 0.00061382 / 0.00067113 / 0.0007 (22322554 shares, 14,981.48 BTC), 30D: 0.00059445 / 0.00065641 / 0.0007 (49935623 shares, 32,778.42 BTC)	[19:30]
mircea_popescu	;;calc 666200 * 21.5	[19:31]
gribble	14323300	[19:31]
mircea_popescu	i win internets.	[19:31]
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assbot	[MPEX] [S.MPOE] 20122 @ 0.00066042 = 13.289 BTC [-]	[19:34]
assbot	[MPEX] [S.MPOE] 283 @ 0.00065946 = 0.1866 BTC [-]	[19:34]
JohnGalt1337	you want to be the richest person in romania?	[19:36]
gesell	audios	[19:36]
*	gesell has quit (Quit: Leaving.)	[19:36]
assbot	[MPEX] [S.MPOE] 4100 @ 0.00065946 = 2.7038 BTC [-]	[19:37]
mircea_popescu	sure.	[19:41]
mircea_popescu	jeez negative q4 gdp. they're fucked over there aren't they.	[19:41]
mircea_popescu	Bugpowder how's the indexes	[19:41]
JohnGalt1337	where negative? US?	[19:44]
mircea_popescu	ya'	[19:45]
DeadWeasel	can anybody point me to a guide on how to pay taxes on my BTCs? Do I need to?	[19:45]
DeadWeasel	US here	[19:46]
kakobreklaa	dunno	[19:46]
mircea_popescu	DeadWeasel you should prolly ask an accountant.	[19:46]
JohnGalt1337	http://i.imgur.com/36xaw6e.jpg	[19:47]
kakobreklaa	otc trade here is untaxed luckaly	[19:47]
JohnGalt1337	that should answer your question	[19:47]
DeadWeasel	it does.	[19:47]
DeadWeasel	well, they can't prove I own shit.	[19:47]
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DeadWeasel	so fuck'em	[19:47]
JohnGalt1337	somebody gifted it to you	[19:47]
jurov	your computed catched that bitcoin malware	[19:48]
DeadWeasel	you don't pay taxes when you buy whatever it is to play farmville, right?	[19:49]
DeadWeasel	or gold in WoW?	[19:49]
mircea_popescu	that;s about what i figure.	[19:50]
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mircea_popescu	http://polimedia.us/trilema/2012/the-reasons-why-bitcoin-securities-cant-be-regulated-by-the-sec/	[19:50]
mircea_popescu	it's all in there.	[19:50]
DeadWeasel	how is it any different?	[19:50]
DeadWeasel	thx mp	[19:50]
JohnGalt1337	dunno about us tax code, but you have to tax any income but from games it is usally too small	[19:50]
JohnGalt1337	if it's under 20k you have it's meh, over that ask some tax advisor	[19:51]
DeadWeasel	and it's not income until you sell it, right?	[19:51]
JohnGalt1337	yes	[19:52]
JohnGalt1337	that's for sure, some countries may have fictive income	[19:52]
assbot	[BTCTC] [B.YABMC] 7 @ 0.0217 = 0.1519 BTC [-]	[19:52]
assbot	[BTCTC] [B.YABMC] 171 @ 0.0216 = 3.6936 BTC [-]	[19:52]
assbot	[BTCTC] [B.YABMC] 10 @ 0.0215 = 0.215 BTC [-]	[19:52]
assbot	[BTCTC] [B.YABMC] 1 @ 0.0213 BTC [-]	[19:53]
assbot	[BTCTC] [B.YABMC] 1 @ 0.021 BTC [-]	[19:53]
assbot	[BTCTC] [B.YABMC] 150 @ 0.0202 = 3.03 BTC [-]	[19:53]
assbot	[BTCTC] [B.YABMC] 50 @ 0.0201 = 1.005 BTC [-]	[19:53]
JohnGalt1337	s.dice wants 1 confirm now?	[19:56]
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mircea_popescu	does it ?	[20:05]
JohnGalt1337	can't get an instant 2-figure bet	[20:06]
dub	;;bc,stats	[20:06]
mircea_popescu	JohnGalt1337 possibly cause of your inputs ?	[20:07]
gribble	Error: invalid syntax (, line 1)	[20:07]
dub	;;bc,stats	[20:07]
dub	;;bc,diffchange	[20:07]
gribble	Error: invalid syntax (, line 1)	[20:08]
gribble	Error: invalid syntax (, line 1)	[20:08]
dub	decent uptick here http://bitcoin.sipa.be/speed-lin-2k.png	[20:09]
*	Korbman (ada62aad@gateway/web/freenode/ip.173.166.42.173) has joined #bitcoin-assets	[20:09]
*	Korbman (ada62aad@gateway/web/freenode/ip.173.166.42.173) has left #bitcoin-assets	[20:09]
mircea_popescu	yah	[20:10]
mircea_popescu	definitely asics online.	[20:10]
mircea_popescu	33th thoroughput atm	[20:10]
*	JohnnyM_ (~JohnnyM@1385158629.dhcp.dbnet.dk) has joined #bitcoin-assets	[20:14]
assbot	[MPEX] [S.MPOE] 4321 @ 0.0006596 = 2.8501 BTC [+]	[20:14]
assbot	[MPEX] [S.MPOE] 879 @ 0.00065946 = 0.5797 BTC [-]	[20:14]
assbot	[MPEX] [S.DICE] 1241 @ 0.00668864 = 8.3006 BTC [-]	[20:22]
assbot	[MPEX] [S.DICE] 59 @ 0.00665746 = 0.3928 BTC [-]	[20:22]
assbot	[MPEX] [O.BTCUSD.C190T] 5 @ 0.20602845 = 1.0301 BTC [+]	[20:24]
assbot	[MPEX] [O.BTCUSD.C180T] 5 @ 0.23256963 = 1.1628 BTC [+]	[20:24]
assbot	[MPEX] [O.BTCUSD.C160T] 5 @ 0.29273405 = 1.4637 BTC [+]	[20:26]
assbot	[MPEX] [S.MPOE] 11788 @ 0.00065946 = 7.7737 BTC [-]	[20:29]
assbot	[MPEX] [S.MPOE] 6363 @ 0.00065883 = 4.1921 BTC [-]	[20:29]
*	knotwork has quit (Ping timeout: 255 seconds)	[20:29]
*	Cory has quit (Ping timeout: 248 seconds)	[20:31]
*	tbcoin has quit (Remote host closed the connection)	[20:31]
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*	rng29a (~rng29a@unaffiliated/rng29a) has joined #bitcoin-assets	[20:33]
*	Pasha is now known as Cory	[20:36]
assbot	[BTCTC] [GSDPT] 2 @ 0.0074 = 0.0148 BTC [-]	[20:37]
assbot	[MPEX] [S.MPOE] 3937 @ 0.00065883 = 2.5938 BTC [-]	[20:38]
assbot	[MPEX] [S.MPOE] 13450 @ 0.00065725 = 8.84 BTC [-]	[20:38]
assbot	[MPEX] [S.MPOE] 14184 @ 0.00065669 = 9.3145 BTC [-]	[20:38]
assbot	[MPEX] [S.MPOE] 2829 @ 0.00065564 = 1.8548 BTC [-]	[20:38]
mircea_popescu	https://bitcointalk.org/index.php?topic=99497.msg1493791#msg1493791	[20:41]
mircea_popescu	so the hash increase is not asicminer.	[20:41]
assbot	[MPEX] [S.MPOE] 2394 @ 0.00066117 = 1.5828 BTC [+]	[20:46]
assbot	[MPEX] [S.MPOE] 5142 @ 0.00066223 = 3.4052 BTC [+]	[20:46]
assbot	[MPEX] [S.MPOE] 2900 @ 0.00066591 = 1.9311 BTC [+]	[20:46]
assbot	[MPEX] [S.MPOE] 554 @ 0.00067067 = 0.3716 BTC [+]	[20:46]
assbot	[MPEX] [S.MPOE] 4321 @ 0.00067103 = 2.8995 BTC [+]	[20:46]
assbot	[MPEX] [S.MPOE] 4839 @ 0.00067104 = 3.2472 BTC [+]	[20:46]
kakobreklaa	so bfl will be last of them all	[20:46]
*	dust-otc has quit (Remote host closed the connection)	[20:46]
kakobreklaa	maybe they are having a drink with tom somewhere	[20:46]
mircea_popescu	lol	[20:47]
imsaguy	You know who else was always cocky with the clients? Pirate and that ended well.	[20:47]
mircea_popescu	i must confess, i am pretty blown away.	[20:47]
mircea_popescu	i had just about zero faith in any of them people producing working asic miners.	[20:48]
mircea_popescu	that two out of four would is like... wow.	[20:48]
mircea_popescu	course, it's still not cut and dried, the recent uptick in hashrate may well be people putting old gpus online cause of price increase	[20:49]
imsaguy	yes.	[20:49]
mircea_popescu	but if indeed they hash im wow'd.	[20:49]
imsaguy	price increase>difficulty increase	[20:49]
mircea_popescu	imsaguy yea.	[20:49]
assbot	[MPEX] [S.MPOE] 3100 @ 0.00067103 = 2.0802 BTC [-]	[20:49]
mircea_popescu	i imagine with btc over 20 pretty much everyone turned on everything they could.	[20:49]
imsaguy	for a little while :)	[20:50]
kakobreklaa	;;ticker	[20:51]
gribble	BTCUSD ticker \| Best bid: 21.19101, Best ask: 21.24999, Bid-ask spread: 0.05898, Last trade: 21.29900, 24 hour volume: 88825.09670330, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.45318	[20:51]
kakobreklaa	;;bc,convert eur	[20:51]
gribble	1 BTC = 21.29900 U.S. dollars = 15.7188192 Euros	[20:51]
jurov	just 0.04 from that bitbet bid... as if exactly calculated to keep the suspense	[20:52]
mircea_popescu	lol!	[20:52]
jurov	(disclosure: I have bet No)	[20:52]
Bugpowder	DeadWeasel, IANAL but a conservative position would be that any dividends or payments to you in bitcoin is considered income at the current exchange rate and should be reported. Any price gains in bitcoin holdings would be treated as capital gains upon sale of the coins	[20:53]
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mircea_popescu	Bugpowder the btc graph is copying your portofolio graph	[20:53]
kakobreklaa	infinitive loop then	[20:54]
kakobreklaa	were fucked	[20:54]
mircea_popescu	ya lol	[20:54]
Bugpowder	well	[20:54]
Bugpowder	my graph is accelerating	[20:54]
Bugpowder	as the calls go ITM	[20:54]
kakobreklaa	speed>9000	[20:55]
imsaguy	Where's the short squeeze when you need it?	[20:55]
mircea_popescu	tghere's no shorts to squeeze	[20:55]
Bugpowder	27	[20:55]
Bugpowder	29.9 is coming	[20:56]
Bugpowder	I hope	[20:56]
Bugpowder	the ask pyramid is pretty awesome	[20:56]
imsaguy	mircea_popescu, you know as well as I do, that things won't run away forever	[20:56]
imsaguy	at some point, there is always a ceiling	[20:56]
mircea_popescu	imsaguy sure. i don't even think it'll hit 30 tbh.	[20:57]
*	jcpham squeezes imsaguy	[20:57]
imsaguy	well, given your track record with asics, that means nothing.	[20:57]
imsaguy	jcpham, I'm pretty long ;)	[20:57]
jcpham	that's what the the ladies say about me too	[20:57]
mircea_popescu	indeed.	[20:57]
jcpham	think also	[20:57]
mircea_popescu	but even so, there's no shorts to squeeze.	[20:58]
jcpham	you can squueze my shorts	[20:58]
mircea_popescu	sounds scary jcpham	[20:59]
*	copumpkin has quit (Ping timeout: 260 seconds)	[20:59]
jcpham	i'll make a video for you	[20:59]
jcpham	showing my shorts be squoze	[20:59]
jcpham	freshly squoze	[20:59]
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Bugpowder	uhooh	[21:01]
mircea_popescu	http://bitbet.us/bet/206/bitcoin-market-cap-above-1-billion-before-end/	[21:02]
mircea_popescu	this is a good one	[21:02]
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jurov	teology meets bitcoin: http://dailyanarchist.com/2013/01/30/is-bitcoin-sharia-compliant/	[21:13]
mircea_popescu	ahahaha o this title promises	[21:13]
Bugpowder	it probably is.	[21:14]
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assbot	[MPEX] [S.MPOE] 6106 @ 0.00067089 = 4.0965 BTC [-]	[21:14]
mircea_popescu	the article fails to deliver.	[21:14]
DeadWeasel	Bugpowder: that's what I expect. Fortunately I've realized no gains as I've sold nothing. I only hold BTCs, not assets, I'm here trying to figure out if I want to.	[21:16]
*	tbcoin (~tbcoin@81.61.86.183.dyn.user.ono.com) has joined #bitcoin-assets	[21:16]
assbot	[MPEX] [S.DICE] 700 @ 0.00689774 = 4.8284 BTC [+]	[21:16]
assbot	[MPEX] [S.DICE] 1100 @ 0.00693297 = 7.6263 BTC [+]	[21:16]
assbot	[MPEX] [S.DICE] 300 @ 0.00698411 = 2.0952 BTC [+]	[21:16]
assbot	[MPEX] [S.MPOE] 15450 @ 0.00067089 = 10.3653 BTC [-]	[21:16]
Bugpowder	https://en.bitcoin.it/wiki/Tax_compliance	[21:18]
*	knotwork_ (~markm@142.68.211.240) has joined #bitcoin-assets	[21:24]
*	knotwork_ has quit (Changing host)	[21:24]
*	knotwork_ (~markm@unaffiliated/knotwork) has joined #bitcoin-assets	[21:24]
mod6	;;asks 25	[21:26]
gribble	There are currently 20903.827 bitcoins offered at or under 25.0 USD, worth 479496.181721 USD in total.	[21:26]
mircea_popescu	;;ticker	[21:26]
gribble	BTCUSD ticker \| Best bid: 21.10002, Best ask: 21.21999, Bid-ask spread: 0.11997, Last trade: 21.21999, 24 hour volume: 89530.44568844, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.47918	[21:26]
mod6	:D	[21:27]
*	knotwork (~markm@unaffiliated/knotwork) has joined #bitcoin-assets	[21:28]
assbot	[MPEX] [S.MPOE] 5577 @ 0.00067089 = 3.7416 BTC [-]	[21:29]
*	SpNg (~ARolek@wsip-70-167-118-33.sd.sd.cox.net) has joined #bitcoin-assets	[21:29]
assbot	[MPEX] [S.MPOE] 16300 @ 0.00067104 = 10.938 BTC [+]	[21:32]
*	knotwork has quit (Quit: Leaving)	[21:35]
*	orkaa (~nace@193.95.253.222) has joined #bitcoin-assets	[21:36]
*	orkaa has quit (Ping timeout: 246 seconds)	[21:41]
mod6	It looks like it might run up to $25 though. The word is out on coinz though. My buddies keep blowing up my phone "OMG MOD6 MAKE US POKER SITE NOW!!!111"	[21:46]
assbot	[BTCTC] [GSDPT] 100 @ 0.0074 = 0.74 BTC [-]	[21:47]
mod6	I mean these guys are not IT people or anything, just poker guys who are dying to play online again.	[21:47]
mod6	lol	[21:47]
mod6	gonna just have to get some seed money maybe to hire d00dz to help me with dev. or clone myself 69 times.	[21:49]
mod6	anyway, we'll see.	[21:50]
assbot	[MPEX] [S.MPOE] 6311 @ 0.00067104 = 4.2349 BTC [+]	[21:51]
assbot	[MPEX] [S.MPOE] 21689 @ 0.00067228 = 14.5811 BTC [+]	[21:51]
mircea_popescu	poker site ?!	[21:51]
mircea_popescu	what's wrong with seals ?	[21:51]
mod6	ya! i told 'em about seals with clubs	[21:51]
kakobreklaa	micon.	[21:51]
mod6	haha. i dunno. i liked seals with clubs.	[21:52]
mod6	i played there a few times when coins were like $3	[21:52]
mod6	just checkin it out... you know?	[21:53]
awkorama	mod6> so you are putting together an it team for poker site?	[21:56]
*	Bugpowder has quit (Ping timeout: 245 seconds)	[21:57]
*	DeadWeasel has quit (Quit: Page closed)	[21:57]
*	knotwork_ has quit (Ping timeout: 252 seconds)	[21:57]
assbot	[BTCTC] [RSM] 30 @ 0.0091 = 0.273 BTC [-]	[21:59]
*	JohnnyM_ has quit (Quit: JohnnyM_)	[22:00]
assbot	[MPEX] [S.MPOE] 1551 @ 0.00067089 = 1.0406 BTC [-]	[22:03]
assbot	[MPEX] [S.MPOE] 3299 @ 0.00066114 = 2.1811 BTC [-]	[22:03]
assbot	[MPEX] [S.MPOE] 1221 @ 0.00067224 = 0.8208 BTC [+]	[22:04]
assbot	[MPEX] [S.MPOE] 6824 @ 0.00067228 = 4.5876 BTC [+]	[22:04]
assbot	[MPEX] [S.DICE] 800 @ 0.0068976 = 5.5181 BTC [-]	[22:05]
assbot	[MPEX] [S.DICE] 200 @ 0.00724211 = 1.4484 BTC [+]	[22:05]
mircea_popescu	micon is marginally relevant. i mean, he's the site's stuffie. who cares whart he does ?	[22:05]
mircea_popescu	i'm just guessing it's a waste of effort to reimplement something that already exists and works.	[22:06]
*	error4734 (error4733@ip-80-236-193-168.dsl.scarlet.be) has joined #bitcoin-assets	[22:06]
mircea_popescu	hm, is bitcointalk down ?	[22:06]
*	error4733 has quit (Ping timeout: 276 seconds)	[22:07]
Diablo-D3	oh dear lord	[22:07]
Diablo-D3	usagi is back again	[22:07]
assbot	[HAVELOCK] [SDICE] 2 @ 0.69 = 1.38 BTC [-]	[22:07]
assbot	[HAVELOCK] [SDICE] 6 @ 0.685 = 4.11 BTC [-]	[22:08]
rng29a	mircea_popescu: it's very slow today	[22:08]
mircea_popescu	they gotta feed the hamsters some tobacco	[22:08]
*	Schadenfreude has quit (Ping timeout: 256 seconds)	[22:12]
*	EskimoBob (~HzKhv@unaffiliated/eskimobob) has joined #bitcoin-assets	[22:18]
mod6	awkorama: well, I guess im gonna be meeting with some of these guys to see if they wanna put their money where their mouth is.	[22:19]
mod6	I'll let yall know what's up, I'm certainly gonna need dev help.	[22:20]
assbot	[MPEX] [S.DICE] 672 @ 0.00683849 = 4.5955 BTC [-]	[22:20]
assbot	[BTCTC] [COGNITIVE] 3 @ 0.3299 = 0.9897 BTC [+]	[22:20]
mod6	Well, from what it sounds like, they want something similar to Pokerstars	[22:24]
mod6	These guys were told about btc and poker a while ago but they blew it off. Now they want to get their foot in the door.	[22:25]
mircea_popescu	i wouldn't mind listing a poker site if it were any good.	[22:25]
dub	hehe you're asking for it	[22:28]
mod6	i know huh?	[22:28]
mod6	well, these guys already have a firm foothold in legal gambling here in mn anyway.	[22:29]
mircea_popescu	that's always good.	[22:29]
*	Schadenfreude (~m@77.116.247.177.wireless.dyn.drei.com) has joined #bitcoin-assets	[22:29]
mod6	so... im not sure. gotta talk to 'em and see what makes sense. I think they're starting to see that BTC is the way of the future. Imagine all of the old ladies and their iPad's playing slots at home...	[22:29]
assbot	[MPEX] [S.MPOE] 14800 @ 0.00067228 = 9.9497 BTC [+]	[22:29]
mod6	ding ding ding ding ding	[22:30]
mod6	but yeah, I'll really need the help with some of this stuff if they're serious. I'll let you guys know more when I do :)	[22:30]
error4734	something big it's going on ;)	[22:31]
error4734	*for poker in BTC	[22:31]
dub	what we need is a big hack, gox would do	[22:32]
error4734	something big is going on for hacking in BTC !	[22:33]
assbot	[MPEX] [S.DICE] 1281 @ 0.00668006 = 8.5572 BTC [-]	[22:34]
mod6	well, hacks come and go. they're there to remind us to secure our BTC properly, right?	[22:34]
error4734	yep 100%	[22:34]
error4734	it's good is just for small change	[22:34]
error4734	just a big warning	[22:34]
mircea_popescu	actually im curious what's the next big drama	[22:35]
mircea_popescu	the asic stuff kinda getting stale	[22:35]
mod6	I thought it was gonna be the asics too.	[22:35]
mircea_popescu	we need a strategic diversion before they blow up as scams	[22:35]
error4734	why always drama.. :)	[22:35]
dub	im guessing its evorhees getting gitmo'd	[22:35]
dub	him or that mircea_popescu guy	[22:35]
mod6	let us srsly hope not.	[22:35]
mircea_popescu	im not that drama worthy am i	[22:36]
error4734	huhuhuhu	[22:36]
error4734	they are the same personn	[22:36]
mircea_popescu	bah. why doesn't anyone think erik is mpoe-pr instead!	[22:36]
mircea_popescu	why does everyone think everyone's me	[22:36]
*	rdponticelli has quit (Ping timeout: 276 seconds)	[22:36]
error4734	because it's a dog	[22:37]
error4734	http://mpex.co/faq.html	[22:38]
mircea_popescu	what's a dog	[22:38]
error4734	srsly, how much beer do you drink before writting this FAQ ?	[22:38]
error4734	or how many țuică	[22:39]
assbot	[MPEX] [S.MPOE] 8300 @ 0.00066191 = 5.4939 BTC [-]	[22:40]
jurov	apparently im using blockchain.info too much.. they just shown me windows xp boot gif instead	[22:40]
mircea_popescu	error4734 you ever seen a better faq ?	[22:40]
error4734	No...	[22:42]
mircea_popescu	so then alcohol blood content .1337	[22:43]
error4734	but tmrw if some1 want to put 2M$ on table, idk if he'll thinks like me	[22:44]
mircea_popescu	if he doesn't he's free to go get himself scammed and learn the hard way.	[22:46]
jurov	he can use coinbr, then :DDD	[22:46]
mircea_popescu	do you even have a faq ?	[22:47]
jurov	http://www.bitcoinforum.com/coinbr-com/frequently-asked-questions/	[22:48]
dub	do you even faq bro?	[22:48]
mod6	haha	[22:48]
mircea_popescu	whoa	[22:49]
mircea_popescu	a forum ?	[22:49]
jurov	yes. much better one then btctalk	[22:49]
jurov	but they came late i think	[22:50]
mircea_popescu	tbh at this point bitcointalk is irreplaceable.	[22:50]
mircea_popescu	i could do five simultaneous master's degrees on it	[22:50]
mircea_popescu	all related to "wisdom" of crowds	[22:51]
jurov	;;ticker	[22:51]
gribble	BTCUSD ticker \| Best bid: 21.09991, Best ask: 21.16990, Bid-ask spread: 0.06999, Last trade: 21.09991, 24 hour volume: 88274.64269609, 24 hour low: 19.51123, 24 hour high: 21.43000, 24 hour vwap: 20.53304	[22:51]
assbot	[HAVELOCK] [SDICE] 3 @ 0.65 = 1.95 BTC [-]	[22:51]
assbot	[MPEX] [S.MPOE] 100 @ 0.00066191 = 0.0662 BTC [-]	[22:55]
assbot	[MPEX] [S.MPOE] 2811 @ 0.00067228 = 1.8898 BTC [+]	[22:55]
assbot	[MPEX] [S.MPOE] 11850 @ 0.00067411 = 7.9882 BTC [+]	[22:55]
assbot	[MPEX] [S.MPOE] 8509 @ 0.00067487 = 5.7425 BTC [+]	[22:55]
assbot	[MPEX] [S.MPOE] 30 @ 0.00067507 = 0.0203 BTC [+]	[22:55]
assbot	[MPEX] [S.DICE] 1514 @ 0.00666937 = 10.0974 BTC [-]	[22:58]
*	JohnGalt1337 is now known as tralallalaa	[22:58]
*	tralallalaa is now known as JohnGalt	[22:59]
assbot	[MPEX] [S.DICE] 886 @ 0.00669921 = 5.9355 BTC [+]	[22:59]
assbot	[MPEX] [S.DICE] 1238 @ 0.00678949 = 8.4054 BTC [+]	[22:59]
*	orkaa (~nace@188-230-165-22.dynamic.t-2.net) has joined #bitcoin-assets	[23:01]
jcpham	crowd-source wisdom	[23:06]
*	burnside_afk is now known as burnside	[23:08]
burnside	i can write funny summary of happenings between ukto and burnside :D	[23:08]
burnside	;)	[23:08]
burnside	we'll be best friends some day.	[23:09]
mircea_popescu	after you both fall in love for some girl.	[23:09]
Ukto	hopefully sooner	[23:09]
Ukto	mircea_popescu: married w/ kids. so prolly not	[23:10]
burnside	ditto here. haha	[23:11]
mircea_popescu	sounds like something that'd make a good luis de funes comedy by now.	[23:11]
*	rdponticelli (~rdpontice@gateway/tor-sasl/rdponticelli) has joined #bitcoin-assets	[23:12]
burnside	thank you, it's a fun project	[23:12]
burnside	make it better	[23:13]
burnside	;)	[23:13]
awkorama	which one is it ?	[23:13]
burnside	btct.co/litecoinglobal.com	[23:13]
assbot	[MPEX] [S.MPOE] 12600 @ 0.00067507 = 8.5059 BTC [+]	[23:13]
burnside	yeah, I love the bitfunder charts	[23:14]
assbot	[MPEX] [O.BTCUSD.C190T] 1 @ 0.16602013 BTC [-]	[23:14]
burnside	I used that same engine for charts on a previous project	[23:15]
mircea_popescu	soo, anyone wanna recommend a good movie ?	[23:15]
burnside	I was graphing the weighted price per Mh on several of the leading mining assets on GLBSE using it	[23:15]
burnside	got frustrated with a few things, went a different direction for btct	[23:16]
burnside	might end up going back, it'd be an easy swap	[23:16]
burnside	right now? just because there are higher priority (read: more fun) things to work on	[23:17]
burnside	lol	[23:17]
*	error4734 has quit ()	[23:18]
*	error4733 (error4733@ip-80-236-193-168.dsl.scarlet.be) has joined #bitcoin-assets	[23:18]
*	Ukto sighs	[23:19]
Ukto	stupid carriers using stupid equipment	[23:19]
burnside	cogent?	[23:19]
Ukto	trying to turn up another gige, and their brocade XMR is being stupid over port negotiation	[23:20]
burnside	we've had good luck with brocade, but don't use them for transit, only internal switching and load balancing	[23:20]
dub	floundry'd	[23:20]
Ukto	dub: yup	[23:20]
*	dub was up at 3 this morning talking to brocade	[23:21]
Ukto	one gige on one module/port is fine. they just shippd a newer model card out for our latest gige, and it wont turn up. apparently there is a firmware bug effecting the newer card.	[23:21]
*	Bowjob (6037c917@gateway/web/freenode/ip.96.55.201.23) has joined #bitcoin-assets	[23:21]
burnside	ugh, nightmare. :(	[23:21]
Ukto	which means HE.net has to do a full firmware upgrade on that core router	[23:21]
Bowjob	ooh, dice is bak	[23:22]
assbot	[MPEX] [S.MPOE] 2118 @ 0.00067507 = 1.4298 BTC [+]	[23:22]
assbot	[MPEX] [S.MPOE] 15532 @ 0.00067536 = 10.4897 BTC [+]	[23:22]
assbot	[MPEX] [O.BTCUSD.C190T] 1 @ 0.16599164 BTC [-]	[23:22]
Ukto	I told them "that, or just overnight another older module"	[23:22]
burnside	prolly bunch of 'em on ebay	[23:22]
*	rng29a has quit (Quit: Ex-Chat)	[23:22]
Ukto	spent the last week trying to get this port up, to be told its our side the entire time, yet the port works fine with L3/GBLX, nLayer, Equinix's switching fabric, and our own internal stuff.	[23:23]
Ukto	Configing cisco is not hard. speed neg, or noneg.	[23:23]
burnside	now ya know why he	[23:24]
burnside	is cheaper	[23:24]
mircea_popescu	Bowjob was it offline ?	[23:24]
Ukto	They have a rock solid network	[23:24]
*	copumpkin has quit (Ping timeout: 245 seconds)	[23:24]
*	jborkl_ (~jborkl@rrcs-67-79-221-11.sw.biz.rr.com) has joined #bitcoin-assets	[23:24]
*	jborkl_ has quit (Changing host)	[23:24]
*	jborkl_ (~jborkl@unaffiliated/jborkl) has joined #bitcoin-assets	[23:24]
Bowjob	No, I mean the profits.	[23:25]
Bowjob	that was quick	[23:25]
mircea_popescu	o o	[23:25]
Bowjob	that whale got slaughtered	[23:25]
burnside	I love their free ipv6 tunneling service	[23:25]
Ukto	Besides, being a firmware issue, I can understand their expectancy the issue being on my side	[23:25]
kakobreklaa	sd profits... as stable as usd/btc.	[23:25]
*	copumpkin (~copumpkin@unaffiliated/copumpkin) has joined #bitcoin-assets	[23:25]
Ukto	same for brocade, simple commands to configure a port.	[23:25]
mircea_popescu	lol kakobreklaa	[23:25]
Diablo-D3	heh	[23:26]
burnside	yeah, not the behavior you'd expect for sure, definitely not something you'd think would require firmware updates	[23:26]
Diablo-D3	Ukto: lolrouters	[23:26]
Ukto	wtf. did gox just frop from 21.14 to 20.82? x.x	[23:26]
Ukto	drop*	[23:26]
Diablo-D3	at least we're over 20	[23:26]
Ukto	for now.	[23:26]
Ukto	hopefully it will last	[23:26]
Ukto	burnside: besides, if its the carrier the cusomer chooses to pay for, I am happy making money on it. ;)	[23:27]
Ukto	EskimoBob: did you know you can drag-zoom on the graphs? ;)	[23:28]
Diablo-D3	Ukto: he.net sucks dongs sometimes, btw	[23:28]
*	Ukto has been testing some newer updates the graph and some additional graphs	[23:28]
Ukto	Diablo-D3: depends on where I think	[23:28]
Diablo-D3	Ukto: which DC are you in?	[23:29]
Ukto	my HE stuff in Armster and euro work just as good as in dallas	[23:29]
Ukto	Diablo-D3: Equinix, in all locations	[23:29]
Diablo-D3	oh man	[23:29]
Ukto	well, all my locaitons	[23:29]
Ukto	not in all of theirs lol	[23:29]
burnside	yeah, if the customer wants cheap bandwidth, no reason to not give it to 'em. better to keep 'em happy and take a cut.	[23:29]
Diablo-D3	equinix is fucking expensive	[23:29]
Ukto	yes, yes they are	[23:29]
kakobreklaa	>>Yeah. The BTC-sphere is like in the meatspace: you may be punished just for pennies, but if you scam really big time you become Too Big To Jail. Learn the lesson and don't trust anyone ever more, especially the big fat fishes with super-hero rep.	[23:30]
*	EskimoBob is now known as EskimoBob_afk	[23:30]
Ukto	i hate having to pay $200 to have them do a hard loopback in other countries jsut to test a fiber	[23:30]
kakobreklaa	fuck i need to scam one or two to lower my rating	[23:30]
kakobreklaa	cant get any biz with perfect grade anymore!	[23:30]
Diablo-D3	kakobreklaa: I dont trust anyone, to be honest	[23:30]
Diablo-D3	DMC 2.0 will have a new rule	[23:30]
Diablo-D3	no investing in other bitcoin companies	[23:30]
Diablo-D3	period	[23:30]
kakobreklaa	DMC2.0 rule: dont trust diablo	[23:30]
Diablo-D3	not even asicminer, the only successful bitcoin company ever	[23:30]
Diablo-D3	kakobreklaa: trusting me isnt the issue	[23:30]
Ukto	other companies non-bitcoin related can be just as bad	[23:31]
Diablo-D3	kakobreklaa: hell, Im paying out of my own pocket to deal with this shit, and Im permabroke	[23:31]
Ukto	the only think you can trust a bank to do, is win	[23:31]
Ukto	:P	[23:31]
Diablo-D3	Ukto: at least them you can sue	[23:31]
kakobreklaa	Diablo-D3 deal with what shit	[23:31]
Diablo-D3	kakobreklaa: nefario's bullshit	[23:31]
kakobreklaa	and how much did it cost you out of your pocket so far?	[23:31]
Diablo-D3	EskimoBob_afk: because I usually dont take programming jobs	[23:32]
kakobreklaa	its preety hard to go broke with a deflationary bitcoin	[23:32]
jcpham	hello	[23:33]
jcpham	how are you today EskimoBob_afk	[23:33]
Diablo-D3	kakobreklaa: I have about 240 btc in my wallet thus far	[23:33]
jurov	kakobreklaa i can re-rate you for the fsa stuff, no problem	[23:33]
jcpham	damn Diablo-D3 is ballin'	[23:33]
jcpham	nice EskimoBob_afk	[23:33]
Diablo-D3	kakobreklaa: which is better than the 0 that nefario left us.	[23:33]
assbot	[MPEX] [S.MPOE] 3200 @ 0.00066923 = 2.1415 BTC [-]	[23:33]
Ukto	wow.	[23:34]
kakobreklaa	Diablo-D3 how much did it cost you from your own pocket?	[23:34]
Ukto	my 7yr old son just came to me takling about plant vs zombies. and says "I wanna be a game designer when I grow up. You know what game I wanna make? Plant vs zombies 2"	[23:34]
kakobreklaa	tell him	[23:35]
kakobreklaa	hes gonna get sued	[23:35]
mircea_popescu	when did asicminer become successful to begin with ?	[23:35]
Ukto	I simply told him its already in the works	[23:35]
Ukto	:P	[23:35]
Ukto	his response was "Poopies!"	[23:35]
Diablo-D3	kakobreklaa: I could sell the 240 btc and not have to worry about money for awhile.	[23:35]
*	jcpham is now known as PotsiRewards	[23:35]
kakobreklaa	Ukto i thought it would be : "how about 3?"	[23:35]
kakobreklaa	Diablo-D3 wtf is this suppose to mean	[23:36]
mircea_popescu	lol	[23:36]
Ukto	hehe	[23:36]
kakobreklaa	that you are paying out of your pocket not to be a fuckin scammer	[23:36]
Diablo-D3	kakobreklaa: it means the 240 btc are out of my own pocket and will be spent on DMC.	[23:36]
PotsiRewards	poopies	[23:36]
mircea_popescu	investors have no pockets	[23:36]
Ukto	PotsiRewards: whats up with the nick?	[23:36]
PotsiRewards	u no like rewards	[23:37]
PotsiRewards	?	[23:37]
mircea_popescu	what;s a potsi	[23:37]
Ukto	its the cousin of a ponzi	[23:37]
mircea_popescu	like patsy ?	[23:37]
Ukto	same thing, just diff clothes :P	[23:37]
jurov	lmao i already got several times my initial btc investment back...	[23:37]
Diablo-D3	kakobreklaa: and remember, I also burned the shares I had in DMC as well	[23:37]
mircea_popescu	you had shares ?	[23:37]
*	DeadWeasel (~DeadWease@50.7.32.18) has joined #bitcoin-assets	[23:37]
Ukto	burnside: do you think the avalons will start to make a dent in the mining assets value?	[23:37]
*	PotsiRewards is now known as PotsieRewards	[23:38]
PotsieRewards	my new company	[23:38]
PotsieRewards	very trust #1	[23:38]
Ukto	good enough for me, whre do I invest?	[23:38]
Ukto	;)	[23:38]
mircea_popescu	do you make asics PotsieRewards ?	[23:38]
PotsieRewards	exactly	[23:38]
burnside	Ukto, I'm it will. I'm not sure how much, but the assets that don't have asic plans are going to get kind of ugly	[23:38]
*	mjr_ has quit (Ping timeout: 245 seconds)	[23:38]
PotsieRewards	throw your money at the screen and watch it fall back in your lap	[23:38]
*	thepok has quit ()	[23:38]
*	PotsieRewards bigtime ASIC	[23:38]
Ukto	PotsieRewards: 1 sec	[23:39]
PotsieRewards	no refunds	[23:39]
PotsieRewards	http://www.youtube.com/watch?v=GA50pZQRgYU	[23:39]
Ukto	WOOH, I just made $500!	[23:39]
Bowjob	how	[23:39]
mircea_popescu	i dont have any money. can i throw pate ?	[23:39]
pigeons	I am Mr. Messan Johnson Esq from Lome Togo. My new company very trust #1	[23:39]
*	Ukto put shis money back	[23:39]
dub	mircea_popescu: is it in a tube? :)	[23:39]
Ukto	Bowjob: was a jooke about throwing money at the screen	[23:39]
mircea_popescu	it's in a tin	[23:39]
mircea_popescu	says FRAENC	[23:39]
PotsieRewards	very trust #1 top rewards	[23:40]
PotsieRewards	send money now.	[23:40]
mircea_popescu	http://polimedia.us/dtng/c/src/135936054067.jpg ?	[23:41]
Diablo-D3	kakobreklaa: I mean, you can say what you want, but at least Im trying to fix it the best I can	[23:41]
dub	;;google FRAENC pate	[23:41]
gribble	Foie gras - Wikipedia, the free encyclopedia: ; Pâté - Wikipedia, the free encyclopedia: ; Travel friendly Pate and Cheese - France - Chowhound:	[23:41]
kakobreklaa	hey im just trying to grasp whats happening	[23:41]
PotsieRewards	mircea_popescu u find pictures of my PR	[23:41]
mircea_popescu	which one of them ?	[23:42]
PotsieRewards	top trust rewards for early adopters	[23:42]
PotsieRewards	legitimate	[23:42]
dub	my google bubble returns a bunch of crypto related links	[23:42]
mircea_popescu	they don't look young enough t obe adopted PotsieRewards	[23:42]
Diablo-D3	kakobreklaa: the short of it is nefario in league with people issuing fake mining bonds to steal money from investors	[23:42]
dub	nothing pate related at all	[23:42]
mircea_popescu	dub was just dicking around with fake dyslexia.	[23:42]
kakobreklaa	Diablo-D3 how does taht affect you?	[23:43]
kakobreklaa	it shoudlnt	[23:43]
mircea_popescu	the nefario league!	[23:43]
Diablo-D3	kakobreklaa: DMC was renting mining power from these people	[23:43]
assbot	[MPEX] [S.MPOE] 3445 @ 0.00067536 = 2.3266 BTC [+]	[23:43]
assbot	[MPEX] [S.MPOE] 14150 @ 0.00067596 = 9.5648 BTC [+]	[23:43]
assbot	[MPEX] [S.MPOE] 20058 @ 0.00067626 = 13.5644 BTC [+]	[23:43]
assbot	[MPEX] [S.MPOE] 6056 @ 0.0006769 = 4.0993 BTC [+]	[23:43]
assbot	[MPEX] [S.MPOE] 2991 @ 0.00067691 = 2.0246 BTC [+]	[23:43]
Diablo-D3	kakobreklaa: until we could afford to build the DC and install our own mining hardware	[23:43]
Diablo-D3	kakobreklaa: when glbse collapsed, two of these investments seem to have just walked away	[23:44]
dub	and windmills	[23:44]
Ukto	Fusion energy is the way to go	[23:44]
Diablo-D3	kakobreklaa: the third is asicminer which has not yet paid dividends yet (they should begin mining first week of feb)	[23:44]
Diablo-D3	Ukto: solar and wind IS fusion energy.	[23:44]
Ukto	:P	[23:45]
Diablo-D3	Ukto: why build fusion reactors when we're in orbit around a gigantic fusion reactor	[23:45]
error4733	+1	[23:45]
Ukto	hehe	[23:45]
*	JohnnyM_ (~JohnnyM@1385158629.dhcp.dbnet.dk) has joined #bitcoin-assets	[23:45]
pigeons	what are the 2 that walked away	[23:45]
Ukto	I was working on a way to collect head from my DC and transform it into energy	[23:45]
kakobreklaa	solar is bullshit	[23:46]
error4733	why ?	[23:46]
Diablo-D3	pigeons: btc-mining and btcmc	[23:46]
error4733	massive lobbing try to keep this idea true	[23:46]
Diablo-D3	kakobreklaa: and its not, its just that most people, such as yourself, simply does not understand solar	[23:46]
burnside	DC pumps out a ton of heat. I wish I could just pump it to local houses or something, sell it somehow.	[23:46]
Diablo-D3	burnside: a DC doesnt NEED to pump out a lot of heat	[23:47]
kakobreklaa	Diablo-D3 i installed about 1 megawatt of solar power plants	[23:47]
kakobreklaa	Diablo-D3 how much did you	[23:47]
assbot	[MPEX] [S.DICE] 1550 @ 0.00665746 = 10.3191 BTC [-]	[23:47]
pigeons	Diablo-D3: is this the same btc-mining that is now on btct.co?	[23:47]
Diablo-D3	kakobreklaa: only 1?	[23:47]
assbot	[MPEX] [S.DICE] 1800 @ 0.00673464 = 12.1224 BTC [+]	[23:47]
assbot	[MPEX] [S.DICE] 152 @ 0.00678949 = 1.032 BTC [+]	[23:47]
Diablo-D3	pigeons: yes, the same one namworld manages	[23:47]
kakobreklaa	Diablo-D3 yes, is that 1 more than you?	[23:47]
burnside	Diablo-D3, it does when a bunch of the boxes are mining coins. ;)	[23:47]
burnside	We're actually pretty green. We cool with outside air 80% of the year	[23:48]
pigeons	what does namworld say about that? is he paying dividends over on btct?	[23:48]
Diablo-D3	burnside: DMC's DC was specializing in high density compute, bitcoin doesnt quite fit that definition	[23:48]
Diablo-D3	pigeons: amazingrando basically fucked him and everyone else	[23:48]
Ukto	burnside: I ran dual redundant 400kva liebert ups at my last facility, had redundant megawatt feeds comming in. our usage peaked at about .7mw	[23:48]
Ukto	so we generated a lot of heat. ;)	[23:48]
Bowjob	20k profit for dice	[23:49]
assbot	[MPEX] [S.MPOE] 3250 @ 0.00067421 = 2.1912 BTC [-]	[23:49]
Diablo-D3	pigeons: theres no dividends to pay because amazingrando isnt paying them out	[23:49]
assbot	[MPEX] [S.MPOE] 6199 @ 0.00067691 = 4.1962 BTC [+]	[23:49]
assbot	[MPEX] [S.MPOE] 3251 @ 0.00067709 = 2.2012 BTC [+]	[23:49]
Diablo-D3	burnside, Ukto: dmc was going to be doing rack densities of 25-30kw per rack.	[23:49]
burnside	haha, that is a ton of heat.	[23:49]
pigeons	thanks	[23:49]
Ukto	I designed a custom "green" handler for the heat. setup the heat flow to vent the heat out of the building, and in winter, sucked in cold air from the other side	[23:49]
Diablo-D3	Ukto: thats called an air economizer, btw	[23:50]
Ukto	let me tell you, it cut down my chilled water bill like mad ;)	[23:50]
Ukto	building was a little annoyed tho	[23:50]
burnside	We had to do a custom gig too, the economizer unit for our air handler was going to be 10x what we could build ourselves.	[23:50]
burnside	10x $$ that is	[23:50]
Ukto	cause while I pushed my hot air out, and had my air handlers for the chilled water, I was sucking cold air in from the building. :P	[23:50]
Ukto	their engineer gave us permission. LOL	[23:51]
Diablo-D3	Ukto: DMC was going to use a combination of air economizers and in row water chilling using hot aisle containment	[23:51]
PotsieRewards	top number one trust	[23:51]
Ukto	Diablo-D3: honestly its overkill	[23:51]
burnside	haha, that's awesome. feeding on the building hvac?	[23:51]
Diablo-D3	and then use on-site vertical geothermal pumps to pull up extra cold water	[23:51]
burnside	^^ I'd love to do	[23:52]
Ukto	I was using the badass APC cabinets	[23:52]
Diablo-D3	APC does make decent cabs	[23:52]
Ukto	and was talking with them about doing door based chilled cooling units	[23:52]
Ukto	but the cost	[23:52]
Diablo-D3	Ukto: btw, what I said isnt overkill when you're doing 25-30kw per rack	[23:52]
Ukto	risk exposure	[23:52]
Ukto	etc	[23:52]
Ukto	wasnt worth it	[23:52]
Diablo-D3	the industry average is 2-4kw per rack, never filled to max	[23:52]
Ukto	what are you putting in the cabinets	[23:53]
Ukto	load testers?	[23:53]
Ukto	:P	[23:53]
Diablo-D3	whatever the customer wants	[23:53]
Diablo-D3	but most likely tightly packed blades and thumpers	[23:53]
Ukto	and your charging them $10~15k ?	[23:53]
Diablo-D3	Ukto: probably $20k-$25k with all the power you need	[23:53]
*	Ukto has a cbainet full of the latest high end Dell blades. Only have 6kva. + 6 redundant	[23:54]
Ukto	lemme tell you, i had to push hard to get a good deal out of equix for it	[23:54]
Diablo-D3	Ukto: Im being lazy, whats that in watts	[23:55]
Ukto	-_-	[23:55]
Diablo-D3	its not 6000.	[23:55]
awkorama	lol	[23:55]
Ukto	no	[23:56]
Ukto	4.8kW	[23:56]
assbot	[MPEX] [S.DICE] 200 @ 0.00706606 = 1.4132 BTC [+]	[23:56]
Diablo-D3	you're only using that in the whole rack? wtf	[23:57]
Diablo-D3	Ukto: btw, since the DC is in maine and we get ice cold weather 3 months of the year, and pretty chilly weather 6 months of the year	[23:57]
assbot	[MPEX] [S.MPOE] 13599 @ 0.00067709 = 9.2077 BTC [+]	[23:57]
assbot	[MPEX] [S.MPOE] 3701 @ 0.00067745 = 2.5072 BTC [+]	[23:57]
Diablo-D3	it could be up to 3 months of AC not running	[23:58]
Ukto	hehe	[23:58]
Diablo-D3	just air economization and thats it	[23:58]
Diablo-D3	Ukto: okay so, 4.8kw _the whole rack_ and its all blades top to bottom?	[23:59]
Ukto	The cab has 4 30amp 240v circuits	[23:59]

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