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Transcript for 04-12-2013, 1827 lines:

00:00:13 jamespeerless: by running a gambling website?

00:00:31 mircea_popescu: by running all sorts of things correctly.

00:00:41 BingoBoingo: jamespeerless: A great gambling website. I've won moar there than I lost on Satoshidice.

00:00:41 turbo_ac100: prediction market. please!

00:00:47 ThickAsThieves`: maybe bitbet should have a setting for each bet for rate of weight loss

00:00:50 ThickAsThieves`: a curve

00:00:57 mircea_popescu: ThickAsThieves` it was in the original spec

00:01:12 mircea_popescu: we cut it out, because curve notation is more than the average person can grok mentally

00:01:18 snackman: mircea_popescu: are you satoshi?

00:01:22 mircea_popescu: and having it graphical turned out to be insanely difficult.

00:01:22 ThickAsThieves`: so use gfx

00:01:29 snackman: mircea_popescu: if you are, i take everything back, the megalomania is justified

00:01:29 ThickAsThieves`: make 3 options

00:01:30 mike_c: same rationale as 3-way resolutions

00:01:30 mircea_popescu: snackman no, i'm nick szabo.

00:01:37 snackman: mircea_popescu: so that's a yes

00:01:37 ThickAsThieves`: fast regular slow

00:01:41 BingoBoingo: ThickAsThieves`: What's next? Allowing bet creators to specify elliptic curves the bet weight passes through as it degrades over time?

00:01:54 ThickAsThieves`: yes, thats what we are talking about

00:01:55 mircea_popescu: ThickAsThieves` what's wrong with just setting the weight end point to 80k or w.e ?

00:02:17 dub: appears we are past acceptance and into the dick slurping phase of grief

00:02:22 ThickAsThieves`: i think maybe i misunderstood end weight all along

00:02:33 ThickAsThieves`: which now seems obvious

00:02:43 mircea_popescu: ThickAsThieves` and you wanteds me to implement splines.

00:02:59 snackman: mircea_popescu: admit it dude

00:03:16 snackman: mircea_popescu: this entire escapade of mine was to test your style

00:03:26 mircea_popescu: o, there was deeper meaning ?

00:03:31 snackman: mircea_popescu: lol of course

00:03:32 mircea_popescu: i like it when there's deeper meaning

00:03:34 ThickAsThieves`: admit what snackman did mp

00:04:04 snackman: and what i assumed was confirmed beyong expectation

00:04:15 snackman: beyond*, as typos are made when you're excited

00:04:35 Duffer1: if true then your actions are too meta for me to grock..

00:05:04 mircea_popescu: Duffer1 it probably has something to do with post communism.

00:05:19 Duffer1: oh lawd you're not helping mp lol

00:05:25 BingoBoingo: snackman: The simple answer is to get your bets in much earlier. As close to opening as possible. Just draw a bullseye on a piece of paper and jack off. If more cum is on the right bet yes. On the left bet no.

00:05:43 snackman: mircea_popescu: not being engrained into mainstream economics by birth certainly helped you

00:06:03 snackman: BingoBoingo: the conversation moved on, screw the play money, i have a much bigger fish to catch

00:06:06 mircea_popescu: BingoBoingo do you have a bitbeteratorium ?

00:06:35 benkay: snackman: fishing for buttcorns?

00:06:48 ThickAsThieves`: sending an email to wikimedia re: donation request pop-up:

00:07:05 ThickAsThieves`: No bitcoin option? Fairweather friends get no shine.

00:07:10 BingoBoingo: mircea_popescu: Maybe? Maybe instead of the paper bullseye though I hire a pair of tits. I'm trying to imagine snackman's budget though.

00:07:13 snackman: benkay: i have enough, thank you. i got in early

00:07:33 benkay: snackman: your aggro over 10 seems unwarranted then

00:07:37 mircea_popescu: it's incredible how many people that got in early showed up late.

00:07:42 mircea_popescu: we'd have never guessed in like, 2012.

00:07:46 BingoBoingo: snackman: Actually in IRC everything is roughly on topic for at least 24 hours after it was last mention provided you scroll up

00:08:24 benkay: snackman holds all the buttcorns. it's his private pre-mined altcoin, mircea_popescu, not actual bitcoins.

00:08:33 snackman: benkay: please read the last 5 minutes. the entire thing was an act, carefully orchestrated, and mircea_popescu fell for it graciously

00:08:38 benkay: that's what he means by "got in early"

00:08:51 BingoBoingo: mircea_popescu: To be fair before you showed it was pretty much just the dev circle jerk and the Silk Road honey pot

00:09:36 mircea_popescu: then mp said "let there be tits1

00:09:41 mircea_popescu: and lo tits rain galoare.

00:10:07 BingoBoingo: snackman: I'll give you 5,000,000 Satoshis for a sharpie in the pooper pic with BB written on your asscheeks

00:10:30 snackman: BingoBoingo: the address is up there

00:10:33 snackman: it's not mine btw

00:11:21 BingoBoingo: snackman: It honestly is seeming now like nothing is yours, but the cold embrace of nothingness. How is the void?

00:12:13 assbot: [HAVELOCK] [CBTC] 10090 @ 0.0001011 = 1.0201 BTC [-] {2}

00:12:30 dub: ThickAsThieves`: considering half of wikimedia corp is gmaxwells sausage wallet, they've probably consdired it

00:12:46 snackman: he who own's the keys owns the coins. and he who own's the void owns...

00:12:52 snackman: shit

00:12:57 dub: clearly it didnt rustle jimmies jimmies

00:13:00 snackman: i have found satoshi

00:14:15 assbot: [HAVELOCK] [NEOBEE] 936 @ 0.00278769 = 2.6093 BTC [-] {2}

00:14:51 BingoBoingo: snackman: Nah, for that you'd have to check someone's freezer

00:15:01 snackman: BingoBoingo: why do you think that?

00:15:29 snackman: BingoBoingo: why actually kill him to prevent his coins from crashing the market? why not just delete his keys?

00:15:57 BingoBoingo: snackman: Dude invented a cryptocurrency and was paranoid as fuck? Satoshi is probably mooching off of pizza rolls someone else's mom bought

00:16:19 snackman: BingoBoingo: i thought you meant in someone's freezer meant dead

00:16:42 BingoBoingo: snackman: Who the fuck are you Jeffery Damer?

00:17:10 dub: he certainly eats some penus

00:17:17 snackman: BingoBoingo: sorry, pills

00:17:21 snackman: BingoBoingo: work both ways

00:17:30 mircea_popescu: you're too young to be taking pills.

00:18:18 BingoBoingo: mircea_popescu: Moar like not ratchet enough...

00:18:28 BingoBoingo: ;;ud ratchet

00:18:29 gribble: http://www.urbandictionary.com/define.php?term=ratchet | A diva, mostly from urban cities and ghettos, that has reason to believe she is every mans eye candy. Unfortunately, she's wrong. Typical signs to ...

00:18:29 ozbot: Urban Dictionary: ratchet

00:18:35 snackman: mircea_popescu: i lived long enough to witness your birth

00:19:03 snackman: ;;ud subhuman romanian nigger scum

00:19:04 gribble: http://www.urbandictionary.com/define.php?term=kike&defid=1479218&page=2 | ... Europe (Poland, Romania or Russia), whose family names often ended with "ki " ... Neo-Nazi scum claim that "kikes" control both major US political parties and ...

00:19:05 ozbot: Urban Dictionary: kike

00:20:24 mircea_popescu: snackman http://log.bitcoin-assets.com/?date=22-11-2013#389001

00:21:15 snackman: mircea_popescu: haha where did you get that pic?

00:21:25 mircea_popescu: S.NSA

00:22:11 BingoBoingo: S.NSA is gunna kill SnapChat

00:22:20 jamespeerless: mircea_popescu: why have separate addresses for each bet instead of just a single address that holds bets for YES and NO?

00:22:40 kakobrekla: http://log.bitcoin-assets.com/?date=22-11-2013#389017

00:22:43 ozbot: #bitcoin-assets log

00:22:45 kakobrekla: o yeah fuck alomost forgot!

00:22:55 mircea_popescu: jamespeerless how do you identify who sent which ?

00:23:03 BingoBoingo: jamespeerless: So people can continue betting on the same position

00:23:20 mircea_popescu: there's numerous advantages.

00:23:21 jamespeerless: mircea_popescu: can't you read the from address in the transaction block?

00:23:34 mircea_popescu: you can but you don't want to, because this way people can send from webwallets or w/e

00:23:43 BingoBoingo: Sometimes you wanna hedge. Sometimes you wanna take all of the position.

00:24:17 jamespeerless: why can't they send from web wallets if you did a single address per bet option

00:24:25 assbot: [HAVELOCK] [AM1] 45 @ 0.33513812 = 15.0812 BTC [-] {3}

00:24:35 mircea_popescu: cause if 5 peopel sent from the same wallet to the same bet your identifiocation scheme would fail

00:24:49 mircea_popescu: also because if i sent the winnings to the address that sent the bet people would end up fucked if they sent from a wallet.

00:25:11 mircea_popescu: (as most wallets don't have any way to associate their payment system to their users)

00:25:26 assbot: [HAVELOCK] [NEOBEE] 2539 @ 0.0028 = 7.1092 BTC [+]

00:25:29 snackman: nice

00:25:32 snackman: everything here is a scam

00:25:33 jamespeerless: hm I guess I don't understand "wallets" enough then.. i thought an address was an address

00:25:41 snackman: even mike_c didn't send his promised coins

00:25:46 ThickAsThieves`: lol

00:25:47 mircea_popescu: not practical for a web wallet to allocate addresses to users

00:25:51 mircea_popescu: because it has to coldstore its btc

00:25:55 jamespeerless: ah got it

00:25:57 jamespeerless: makes sense

00:26:03 mircea_popescu: snackman maybe he didn't include a tx fee ?

00:26:13 jamespeerless: seems like most wallets let you generate receiving addresses though

00:26:22 snackman: mircea_popescu: bahahhaahah

00:26:26 mircea_popescu: receiving yes. but they pay from wherever is convenient.

00:26:38 ThickAsThieves`: i like that setup

00:26:40 snackman: mircea_popescu: what a jew indeed

00:26:45 Vexual: i just went to my local casino and tried betting after the bell. Apparently the chips go to the house.

00:26:51 snackman: maybe i will meet him in the synagoge on saturday

00:26:52 ThickAsThieves`: very convenient when you have coins in 10 diff places

00:27:03 mircea_popescu: it dioes have its advantages

00:27:19 BingoBoingo: ThickAsThieves`: Who doesn't spread their coins over at least 7 places?

00:27:28 assbot: [HAVELOCK] [NEOBEE] 250 @ 0.00288 = 0.72 BTC [+]

00:27:34 ThickAsThieves`: Jesus doesn;t

00:27:41 mircea_popescu: bitcoin jesus ?

00:27:47 ThickAsThieves`: which one?

00:28:01 mircea_popescu: Pietilla Maxwell Von Ver ?

00:28:08 BingoBoingo: stephengandel, that Bitcoin Jesus

00:30:15 ThickAsThieves`: whatever happened to IceDrill anyway?

00:30:22 snackman: mircea_popescu: btw, how much did you cash out?

00:30:30 snackman: when btc hit 1kusd?

00:30:31 assbot: [HAVELOCK] [NEOBEE] 76 @ 0.00289 = 0.2196 BTC [+]

00:30:37 kakobrekla: lol

00:30:39 benkay: "cave early"

00:30:41 BingoBoingo: Unless we get into some weird gnostic Bitcoin theology where Amir Taaki was Satoshi/Jesus and then gave himself downs syndrome to hide his secret.

00:30:57 snackman: benkay: ?

00:31:03 mircea_popescu: BingoBoingo satoshi wasn't a virgin.

00:31:46 BingoBoingo: mircea_popescu: At some point he/she/monkeyfuckingapig was...

00:31:59 Vexual: vd in the orginal code?

00:32:04 mircea_popescu: well at that point satoshi wasn't satoshi yet.

00:32:08 benkay: well gosh snackman read the log for the past 10 days then you might have a clue as to the references

00:33:00 BingoBoingo: Considering earlier references in this channel has anyone seen Amir's hair yet?

00:33:11 ThickAsThieves`: http://www.icedrill.io

00:33:12 ozbot: IceDrill.ASIC: a DigiMex project

00:33:24 ThickAsThieves`: digital mexicoins!

00:33:32 mircea_popescu: what's with the .io stuff anyway ?

00:33:34 mircea_popescu: they're all scams!

00:34:06 ThickAsThieves`: mexicoin, possibly the best name for a nationcoin?

00:34:15 ThickAsThieves`: vaticoin

00:34:22 kakobrekla: i liked the .io a lot cause of the jupiters moon

00:34:24 asciilifeform: sovcoin.

00:34:38 mircea_popescu: kakobrekla ya but then they went and inputsio'd all over it

00:34:51 mod6: i used Io once as a a scabble word and was rejected :(

00:34:52 kakobrekla: yea :(

00:34:58 mircea_popescu: (dunno if that cognate works in somalian. to enstinken)

00:35:20 mircea_popescu: chococoin

00:35:32 mircea_popescu: backed by vanilla.

00:35:49 BingoBoingo: Well, we will know when we've hit forbidden territory when .Europa happens.

00:36:29 ThickAsThieves`: so icedrill has oodles of hardware, just none that mines?

00:36:41 ThickAsThieves`: http://www.icedrill.io

00:36:41 ozbot: IceDrill.ASIC: a DigiMex project

00:36:43 ThickAsThieves`: oops

00:36:47 ThickAsThieves`: https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265

00:36:48 ozbot: IceDrill.ASIC DC visit

00:37:03 ThickAsThieves`: ethere they are https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265/5946840121426110546?pid=5946840121426110546&oid=100533316768811011163

00:37:14 ThickAsThieves`: what a nightmare

00:37:16 dexX7: nono

00:37:36 dexX7: they only have a space here afaik: https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265/5946838391947548818?sort=1&pid=5946838391947548818&oid=100533316768811011163

00:37:47 dexX7: and are waiting for hashfast units

00:37:57 ThickAsThieves`: i heard hashfast is scamming

00:38:01 asciilifeform: what part of this couldn't have been filmed by a bored sysop anywhere on the planet?

00:38:51 kakobrekla: hehe BingoBoingo :)

00:39:09 mircea_popescu: asciilifeform the girl.

00:39:18 BingoBoingo: I know you got the reference kakobrekla

00:39:20 mircea_popescu: o wait, nm. wrong webpage.

00:39:53 kakobrekla: yeah, teh avatar is dead giva away

00:39:58 kakobrekla: giveaway

00:40:34 BingoBoingo: The only problem with HAL is that the contractor's specs insisted he be programmed to run on a Java Virtual Machine

00:40:44 kakobrekla: :D

00:41:22 Kleeck_: ThickAsThieves`, are you joking about HashFast scamming?

00:41:38 asciilifeform: maybe i'm just behind the times. but, picture some bozo: 'i'ma build a skyscraper. here's lots of pictures of my bulldozers, cranes! here's some cement mixers!'

00:42:10 Kleeck_: No. You are current with the times.

00:42:47 ThickAsThieves`: Kleeck I am not joking

00:42:52 Kleeck_: I could walk into my datacenter and snap a bunch of awesome pictures. It doesn't mean I'm mining a damn thing.

00:43:14 Kleeck_: ThickAsThieves`, any data that lead you that direction? I have no skin in that game, but I've wondered. It's just a hunch.

00:43:17 ThickAsThieves`: a friend is considering legal counsel against Hashfast

00:43:19 asciilifeform: the sane people version: 'built a skyscraper. here's what it'll cost ya per sq. m. come in?'

00:43:25 mike_c: snackman: have some faith! my wallet is sync'ing. you'll have it soon.

00:43:25 ThickAsThieves`: that's all i know

00:43:36 Kleeck_: Due to the delays?

00:43:39 ThickAsThieves`: i didnt ask for details

00:43:49 ThickAsThieves`: he was looking for a referral

00:43:53 mike_c: transactions aren't instantaneous you know ;)

00:43:53 Kleeck_: I see.

00:44:00 Kleeck_: Not YET, mike_c

00:44:12 snackman: mike_c: hope dies last

00:44:20 dexX7: hashfast is not shipping/delayed more than a month now

00:44:44 Kleeck_: Don't they have a compensation program?

00:45:06 dexX7: they have some strange refund policies, if you mean that

00:45:21 snackman: ThickAsThieves`: why is hashfast scamming?

00:45:41 ThickAsThieves`: same reason as all scammers i assume

00:45:47 ThickAsThieves`: it was the plan, or it became the plan

00:46:29 asciilifeform: man jumps in front of moving bus. considers legal action against bus.

00:46:38 Kleeck_: The cost of being legit is far less appealing than the old "cut and run" I'd assume.

00:48:51 mircea_popescu: asciilifeform originally this started as a hobbyst project.

00:48:57 mircea_popescu: people don't have 10k laying around the house.

00:49:07 mircea_popescu: consequently, the first fpga's were pretty much a potluck affair

00:49:19 mircea_popescu: that system worked

00:49:26 mircea_popescu: (everyone delivered, even bfl)

00:49:49 mircea_popescu: it was stretched past its usability into insanity by a desperate desire and need for stability. bitcoin doesn't offer much of that,

00:49:55 mircea_popescu: so people naturally tried to stick to what works

00:50:06 mircea_popescu: that's pretty much the story of how we ended up with the insanity.

00:51:26 mircea_popescu: Kleeck_ people fail to correctly value reputations.

00:51:50 Kleeck_: There is some truth to that, mircea_popescu.

00:52:19 mircea_popescu: there's a lot of truth to it. let's lay it out : bozo comes in when bitcoin is 1 year old, can start a reputation within a week and be doing business within am onth.

00:52:25 mircea_popescu: he imagines the value of this is 1 month.

00:52:42 mircea_popescu: two years later, he needs to be 1 year+ old to be even considered, because now bitcoin is 4 years old.

00:52:43 BingoBoingo: Seems for Litecoin devotees this insanity is going to be magnified as CoinDesk has just reprinted so many people's "press releases" about impending litecoin ASICs and if a single manufacterer delivers it will have meant Litecoin skipped that awkward FPGA adolescence while still staying a fraction of a fraction of bitcoin

00:53:04 mircea_popescu: he goes on forum as a week old and is shocked at how mean people are, telling him to do 6 motynhs + of reading before he opens his mouth again

00:53:33 mircea_popescu: somewhere in there he failed to account for the fact that having kept his reputation intact for those two years is just about as valuable as having kept his bitcoins for two years.

00:53:54 assbot: [HAVELOCK] [NEOBEE] 830 @ 0.00289 = 2.3987 BTC [+]

00:54:03 mircea_popescu: in fact, everyone evaluates their bitcoin exposure in terms of what their bitcoin holdings are. this is about half the story.

00:54:08 mircea_popescu: the other half is your wot account.

00:54:46 Kleeck_: I agree.

00:55:04 mircea_popescu: BingoBoingo i dunno that anyone will ever deliver ltc asics. putting all that memory on a chip is not trivial.

00:55:56 assbot: [HAVELOCK] [NEOBEE] 568 @ 0.00289784 = 1.646 BTC [+] {3}

00:56:01 mircea_popescu: ironically because of scrypt, fpgas are actually a much better choice for ltc than asics

00:56:06 mircea_popescu: unless, of course, you're sony or something.

00:56:32 BingoBoingo: mircea_popescu: Well I figure for some unknow n^th announcement one person or group will inevitably be crazy enough to produce the asics

00:56:57 assbot: [HAVELOCK] [NEOBEE] 294 @ 0.0029 = 0.8526 BTC [+]

00:57:53 mircea_popescu: if such things were a function of people's crazyness...

00:57:58 assbot: [HAVELOCK] [NEOBEE] 78 @ 0.0029 = 0.2262 BTC [+]

00:58:14 mircea_popescu: things like "some chick is crazy enough to produce a pic of a large wooden object stuck in her snatch" is one thing

00:58:31 mircea_popescu: "some guy makes an airplane" is altogether different

00:58:59 BingoBoingo: For all we know the person bankrolling LTC ASICs could be Curt Schilling and the Engineer could be some kid he picked on in highschool who merely has to fulfill the objective of making any LTC capable scrypt ASIC at all. Not necessarily anything close to a profitable scrypt asic.

00:59:32 mircea_popescu: for all we know i'm satoshi, and you're snackman

00:59:51 BingoBoingo: Of course. Maybe I'm Usagi?

01:00:00 assbot: [HAVELOCK] [NEOBEE] 392 @ 0.0029 = 1.1368 BTC [+]

01:00:04 mircea_popescu: you got too big tits and too much beard to be usagi.

01:01:06 cazalla: thought Curt Schilling was bankrupt after his no show mmorpg

01:01:10 BingoBoingo: I may have plenty of beard, but I'll be damned if my tits are bigger than a grown man named Oliver's.

01:01:18 mircea_popescu: cazalla me too actually.

01:01:36 BingoBoingo: cazalla: Bankruptcy is just a fresh start

01:01:37 mircea_popescu: BingoBoingo well one's enough.

01:01:40 snackman: mircea_popescu: i'm snackman

01:01:47 benkay: no i'm snackman

01:02:16 cazalla: i don't know if any of you played EQ but Curt Schilling was a regular on fohguild forums

01:02:49 ManSnack: cazalla: That dork probably plays WoW too.

01:03:03 assbot: [HAVELOCK] [NEOBEE] 47 @ 0.0029 = 0.1363 BTC [+]

01:06:33 snackman: mike_c: you scammed me out of 1000 uBTC

01:06:35 snackman: what is this shit

01:06:40 mike_c: naw, hang on

01:06:41 snackman: i'm getting scammed left and right

01:06:43 mike_c: 1 minute

01:06:48 snackman: mkay

01:06:55 ThickAsThieves`: is this ltc asic news why it's rallying?

01:07:15 ThickAsThieves`: or a diff change?

01:07:28 ThickAsThieves`: or just cuz litecoin

01:08:09 Vexual: coz cant launder 10000 btc on one chain

01:08:14 snackman: mike_c: hilarious, it worked! thanks!

01:08:23 mike_c: double the promised sum because i loved your answer

01:08:34 snackman: mike_c: which one?

01:08:44 mike_c: the "yes, i placed more bets on bitbet"

01:08:48 snackman: mike_c: :D

01:08:54 snackman: mike_c: but i did!

01:08:58 mike_c: i believe you

01:09:17 BingoBoingo: .d

01:09:18 ozbot: 707408283.05150 | Next Diff in 1231 blocks | Estimated Change: 24.8029% in 6d 10h 9m 7s

01:11:58 snackman: the first time i actually got some money out of bitbet

01:12:01 snackman: hilarious

01:12:02 snackman: thanks mike_c

01:12:12 assbot: [HAVELOCK] [NEOBEE] 103 @ 0.0029 = 0.2987 BTC [+]

01:12:13 assbot: [HAVELOCK] [VTX] 10 @ 0.1558366 = 1.5584 BTC [-] {4}

01:13:36 mike_c: i'm not bitbet, but you're welcome.

01:14:14 assbot: [HAVELOCK] [CBTC] 8176 @ 0.00012548 = 1.0259 BTC [+] {5}

01:21:10 mircea_popescu: twist : snackman scammed mike_c by falsely claiming to have placed more bitbets

01:22:12 BingoBoingo: Also scammed mike_c's betting counterparty

01:24:55 Vexual: legals will be disproportinally large on 0.001

01:25:25 assbot: [HAVELOCK] [AM1] 3 @ 0.34796684 = 1.0439 BTC [+] {3}

01:25:36 mike_c: i sent him 0.002, so it will be worth litigating in a year.

01:26:45 Vexual: just have your lawyer do the photocopying at your office

01:41:10 dub: dat snackman is a weird one

01:42:15 deadweasel: very

01:43:43 assbot: [HAVELOCK] [CBTC] 4000 @ 0.000125 = 0.5 BTC [-]

01:45:29 snackman: dub: why?

01:56:26 mike_c: $avg

01:56:27 mpexbot: mike_c: An error has occurred and has been logged. Please contact this bot's administrator for more information.

01:58:58 assbot: [MPEX] [S.MPOE] 5300 @ 0.00081201 = 4.3037 BTC [-] {2}

02:00:33 snackman: $avg

02:00:34 mpexbot: snackman: An error has occurred and has been logged. Please contact this bot's administrator for more information.

02:01:50 mod6: $vwap s.mpoe

02:01:52 mpexbot: mod6: S.MPOE 1 day: average: 0.0008105 high: 0.00081642 low: 0.00078278 volume: 134803 btc: 109.25742952 7 day: average: 0.00080006 high: 0.0008476 low: 0.00078278 volume: 1375619 btc: 1100.57443755 30 day: average: 0.00081815 high: 0.00088996 low: 0.0007725 volume: 5988106 btc: 4899.16264344

02:04:03 assbot: [HAVELOCK] [AM100] 42 @ 0.0031412 = 0.1319 BTC [-]

02:05:04 assbot: [MPEX] [O] [O.USD.P140T] 450 @ 0.0308001 = 13.86 BTC [-]

02:05:04 assbot: [HAVELOCK] [CBTC] 1124 @ 0.00012599 = 0.1416 BTC [+] {2}

02:08:07 assbot: [HAVELOCK] [NEOBEE] 35 @ 0.0029 = 0.1015 BTC [+]

02:08:08 assbot: [HAVELOCK] [CBTC] 1076 @ 0.0001269 = 0.1365 BTC [+]

02:15:14 assbot: [HAVELOCK] [KCIM] 3 @ 0.125 = 0.375 BTC [+]

02:18:47 dub: snackman: your little routing in #bitcoin

02:18:56 dub: routine jesus fuck

02:18:59 dub: I need a new job

02:19:18 assbot: [HAVELOCK] [AM1] 1 @ 0.34099 BTC [-]

02:20:19 assbot: [HAVELOCK] [AM1] 1 @ 0.34601 BTC [+]

02:22:21 assbot: [HAVELOCK] [AM1] 1 @ 0.34198 BTC [-]

02:22:54 dub: <snackman> 16TNs3DYjkGZrnEW4KV7ust6sWU3Esk7eW this address just got 0.002 btc

02:22:56 dub: <snackman> it's my address

02:22:59 dub: <snackman> but i don't know from who i got it

02:23:01 dub: <snackman> i never published it

02:23:04 dub: <snackman> it's creepy as f*ck

02:23:08 dub: shortly after mike_c's tx hit

02:23:14 mike_c: nice

02:23:43 Namworld: I sometimes get random dust/BTC

02:23:47 Namworld: Not sure why

02:23:58 Namworld: at some of my random address

02:24:09 dub: true to form the usual tard brigade took the bait, gmax and phantomcircuit

02:24:23 assbot: [HAVELOCK] [AM1] 1 @ 0.33899 BTC [-]

02:25:24 assbot: [HAVELOCK] [AM1] 1 @ 0.34400001 BTC [+]

02:26:25 assbot: [HAVELOCK] [AM1] 1 @ 0.3379999 BTC [-]

02:32:31 assbot: [MPEX] [S.MPOE] 7350 @ 0.00080929 = 5.9483 BTC [-]

02:33:24 nubbins`: hi

02:46:12 KRS|gotyawallet: guess i missed a little drama since i've been gone..heh

02:50:12 Duffer1: there's no end to bitcoin drama

02:51:50 assbot: [HAVELOCK] [CBTC] 3473 @ 0.00012759 = 0.4431 BTC [+] {3}

02:51:52 KRS|gotyawallet: aint it great

02:52:41 Duffer1: only if it's not you directly involved with it :( :( :( :(

02:52:51 assbot: [HAVELOCK] [CBTC] 2492 @ 0.00013 = 0.324 BTC [+]

02:54:53 assbot: [HAVELOCK] [CBTC] 17910 @ 0.00011607 = 2.0788 BTC [-] {3}

03:11:06 mike_c: mpex bot must be a little butthurt from last month :) lot size is 0.1 now but it still quotes for 1000 contracts

03:13:11 assbot: [HAVELOCK] [NEOBEE] 38 @ 0.00289999 = 0.1102 BTC [+] {2}

03:26:51 BingoBoingo: ;;ident BingoBoingo

03:26:51 gribble: Nick 'BingoBoingo', with hostmask 'BingoBoingo!~BingoBoin@unaffiliated/bingoboingo', is identified as user BingoBoingo, with GPG key id 309BB8D7F3251143, key fingerprint ADD7A9A28F85E5EF1F51904F309BB8D7F3251143, and bitcoin address None

03:28:10 KRS|gotyawallet: ;;ident KRS-1

03:28:10 gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.

03:28:18 KRS|gotyawallet: ;;ident KRS

03:28:18 gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.

03:28:21 KRS|gotyawallet: ;;ident KRS-

03:28:21 gribble: Error: I am not seeing this user on IRC. If you want information about a registered gpg user, try the 'gpg info' command instead.

03:33:31 assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]

03:34:32 assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]

03:34:58 BingoBoingo: ;;ident KRS|gotyawallet

03:34:58 gribble: Nick 'KRS|gotyawallet', with hostmask 'KRS|gotyawallet!~foo@c-50-143-86-143.hsd1.fl.comcast.net', is not identified.

03:37:35 assbot: [HAVELOCK] [AM1] 15 @ 0.348425 = 5.2264 BTC [+] {2}

03:43:41 assbot: [MPEX] [S.MPOE] 10445 @ 0.00080922 = 8.4523 BTC [-] {2}

03:45:18 BingoBoingo: ;;later tell mircea_popescu solar fart dude wants your PR girl to make some sort of decision on her "share" according to this post https://bitcointalk.org/index.php?topic=293098.msg3678941#msg3678941

03:45:18 gribble: The operation succeeded.

03:50:04 asciilifeform: dust TX, if they exist, could be interesting. bit flips from cosmic rays?

03:50:19 asciilifeform: as seen here: http://dinaburg.org/bitsquatting.html

03:50:24 dub: it happens

03:51:06 asciilifeform: phun phact: most public key cryptosystems cough up key bits in this scenario.

03:51:58 asciilifeform: consider the trivial case of RSA with lowest bit in 'p' or 'q' (pubkey = PxQ) flipped.

03:53:30 dub: wonder if there is any research into encouraging them

03:53:31 asciilifeform: suddenly 'p' (or 'q') is composite.

03:54:37 KRS|gotyawallet: Ruh roh

03:54:38 KRS|gotyawallet: http://english.cri.cn/6909/2013/12/03/2724s801532.htm

03:56:32 KRS|gotyawallet: https://www.youtube.com/watch?v=NzW8rvyZmUE&feature=player_embedded

03:56:33 ozbot: Do You Know Your Crypto Currencies? - YouTube

03:57:01 BingoBoingo: asciilifeform: Maybe you linked this, but I recall finding a paper on how SPARC chips can leak RSA keys given an attacker feeding the system sertain kinds of voltage fluctuations.

03:57:22 asciilifeform: BingoBoingo: this is by no means particular to SPARC

03:57:52 BingoBoingo: asciilifeform: I imagine not.

03:58:07 asciilifeform: if the probability of a 'cough' is sufficiently large, any system that can be 'milked' for RSA exchanges is vulnerable.

03:59:49 BingoBoingo: Well, the Cardano uses a battery for a reason...

04:00:16 asciilifeform: moral: 1) single-tasking machine 2) performing crypto-ops when you want, and not when internet asks 1000x/sec.; 3) battery belongs to you and physically visible

04:01:46 asciilifeform: 4) change keys sometimes.

04:03:05 BingoBoingo: 5) if everything else fails https://www.youtube.com/watch?v=OXOvjf-IrL8

04:03:39 asciilifeform: anybody feeling particularly energetic is invited to carry out an experiment:

04:03:43 asciilifeform: 'dust telescope.'

04:04:02 asciilifeform: run blockchain; generate as many random addrs as will fit on disk...

04:05:54 asciilifeform: helps if you have a reasonable entropy source, but not essential for this application.

04:06:39 asciilifeform: then countdown until fools start pushing 'dust miner bonds', l33t, 11111....

04:07:06 dub: still seems like a rather larger collision space than some well known short domain names

04:07:19 asciilifeform: large - but finite.

04:07:42 asciilifeform: in fact, bonus points if you use a known turd for an entropy source

04:07:49 asciilifeform: that others, generating addrs in the past, may have used...

04:08:05 assbot: [HAVELOCK] [NEOBEE] 70 @ 0.00289999 = 0.203 BTC [+]

04:08:56 asciilifeform: wonder if you'll run out of disk or cpu first.

04:09:06 assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]

04:09:15 nubbins`: oxygen

04:09:22 asciilifeform: will to live?

04:09:38 nubbins`: btc

04:09:48 dub: strangled by out of control neckbeard

04:09:53 nubbins`: everything, probably

04:09:56 nubbins`: ^ even this

04:10:49 dub: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles

04:11:29 asciilifeform: there's plenty of gamma to go around. and ECC RAM has gone out of fashion.

04:12:06 dub: in my world its always fun to see new players flapping about random ECC error alarms

04:12:09 assbot: [HAVELOCK] [NEOBEE] 69 @ 0.00289999 = 0.2001 BTC [-]

04:12:42 dub: the look on their face when they find out you weren't joking when you said 'cosmic rays'

04:12:43 asciilifeform: 'the miser pays twice.' using cheapo hardware has a cost. eventually people will pay the cost.

04:31:28 assbot: [HAVELOCK] [AM1] 1 @ 0.348425 BTC [+]

04:35:32 assbot: [HAVELOCK] [NEOBEE] 210 @ 0.00289999 = 0.609 BTC [-] {2}

04:59:56 assbot: [MPEX] [S.MPOE] 10700 @ 0.00081141 = 8.6821 BTC [+]

05:06:02 assbot: [HAVELOCK] [AM100] 62 @ 0.00315 = 0.1953 BTC [-]

05:07:03 assbot: [HAVELOCK] [NEOBEE] 45 @ 0.002899 = 0.1305 BTC [-]

05:14:10 assbot: [MPEX] [S.MPOE] 4100 @ 0.00081379 = 3.3365 BTC [+]

05:30:26 assbot: [HAVELOCK] [NEOBEE] 155 @ 0.0028999 = 0.4495 BTC [+]

05:31:27 assbot: [HAVELOCK] [AM100] 50 @ 0.00327958 = 0.164 BTC [+] {6}

05:44:40 assbot: [HAVELOCK] [NEOBEE] 76 @ 0.0029 = 0.2204 BTC [+]

06:07:02 assbot: [HAVELOCK] [VTX] 4 @ 0.1501275 = 0.6005 BTC [-] {2}

06:09:04 assbot: [HAVELOCK] [NEOBEE] 198 @ 0.00289999 = 0.5742 BTC [-] {2}

06:10:05 assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]

06:11:06 assbot: [HAVELOCK] [AM1] 1 @ 0.34883791 BTC [+]

06:19:15 assbot: [HAVELOCK] [AM1] 4 @ 0.34883941 = 1.3954 BTC [+] {3}

06:20:15 assbot: [HAVELOCK] [AM1] 2 @ 0.34883993 = 0.6977 BTC [+]

06:23:37 Namworld: Can anyone remind me why I have to run after people to pay them hundreds or thousands of dollars? or even 10000s for a few people?

06:26:20 BingoBoingo: Namworld: Because your worth as a person is only worth the reputation attached to your Public keys?

06:27:41 Namworld: I must be really dirty then

06:30:25 BingoBoingo: Namworld: Maybe?

06:31:26 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00289999 = 0.145 BTC [-]

06:31:51 BingoBoingo: It may have been prudent to write a contract before starting these things limiting your responsibility so you aren't pursuing this Sisyphean task until death?

06:32:13 Namworld: 1KyzwMAYUcUGwF8rs3CZdwgmVcDZ543U7x

06:32:24 Namworld: arf, damn it.

06:32:49 Namworld: Not the right paste

06:33:58 BingoBoingo: If we are just pasting addresses 1LvCuntsJyFFQsLuJhBXBPokbQa7SAyMr4

06:39:14 Namworld: Nah, didn't want to paste that.

07:12:06 assbot: [HAVELOCK] [CBTC] 5000 @ 0.00010121 = 0.5061 BTC [-]

07:15:06 benkay: oh hey wouldja lookit that mircea_popescu fixed the footnotes on fraudsters

07:16:25 benkay: oh no jokes my bad there's totally character coding shit still in there and etc

07:18:12 assbot: [HAVELOCK] [NEOBEE] 76 @ 0.00289999 = 0.2204 BTC [-]

07:18:13 assbot: [MPEX] [S.MG] 5000 @ 0.000158 = 0.79 BTC [+]

07:27:21 assbot: [HAVELOCK] [NEOBEE] 345 @ 0.0029 = 1.0005 BTC [+]

07:30:24 assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]

07:57:51 assbot: [HAVELOCK] [AM1] 8 @ 0.348425 = 2.7874 BTC [-] {2}

08:14:07 assbot: [HAVELOCK] [HIF] 1500 @ 0.00048786 = 0.7318 BTC [+] {2}

08:15:08 assbot: [HAVELOCK] [NEOBEE] 250 @ 0.0029 = 0.725 BTC [+]

08:25:18 assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0029 = 0.29 BTC [+]

08:26:19 assbot: [HAVELOCK] [HIF] 363 @ 0.00048789 = 0.1771 BTC [+]

08:55:48 assbot: [HAVELOCK] [NEOBEE] 51 @ 0.0029 = 0.1479 BTC [+]

08:56:03 KRS|gotyawallet: Namworld: I'll do it for you for 10% of their payment. np.

08:56:49 assbot: [HAVELOCK] [NEOBEE] 170 @ 0.00288 = 0.4896 BTC [-]

08:56:54 KRS|gotyawallet: Mark it down as brokerage fee services on their tab.

08:58:11 BingoBoingo: KRS|gotyawallet: Ever drink an incredible hulk?

09:05:58 assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]

09:06:42 KRS|gotyawallet: no? i think i've heard of it..got Jaegermeister in it?

09:08:00 assbot: [HAVELOCK] [AM1] 2 @ 0.34883993 = 0.6977 BTC [+]

09:10:02 assbot: [MPEX] [S.MPOE] 2700 @ 0.00081258 = 2.194 BTC [-]

09:11:03 assbot: [MPEX] [S.MPOE] 2450 @ 0.00081379 = 1.9938 BTC [+]

09:11:03 assbot: [HAVELOCK] [NEOBEE] 687 @ 0.0029 = 1.9923 BTC [+]

09:13:14 Vexual: my ghetto mining rig now cooks eggs

09:16:01 Vexual: any way youy like

09:37:11 Vexual: enthalpy and entropy

09:53:45 assbot: [MPEX] [S.MPOE] 5500 @ 0.00081379 = 4.4758 BTC [+]

10:22:13 assbot: [HAVELOCK] [AM1] 2 @ 0.34 = 0.68 BTC [-]

10:24:15 assbot: [HAVELOCK] [NEOBEE] 39 @ 0.0029 = 0.1131 BTC [+]

10:32:23 assbot: [HAVELOCK] [HIF] 494 @ 0.00046001 = 0.2272 BTC [-]

10:40:16 Vexual: Australia really is a US petri dish

10:40:46 Vexual: This article from two hours ago, from our supossedly, yet state funded press...

10:40:53 Vexual: http://www.abc.net.au/news/2013-12-04/unlikely-alleged-east-timor-spying-illegal-under-australian-law/5134138

10:40:54 ozbot: Would spying on East Timor by the Australian Secret Intelligence Service be illegal? - Fact Check -

10:41:08 Vexual: the fact check logo is new

10:42:54 Vexual: it may be an oversight, but the real story is that this ASIS agent, and his lawyer, preparing to appear in a hauge court where they have been summoned, have been relieved of all their documents by other agents on PNG soil.

10:43:27 BingoBoingo: Vexual: Only soil I recognize is GPG soil

10:43:59 Vexual: true dat

10:45:13 BingoBoingo: If only there were a "Nation of Bitcoin" tattoo

10:45:21 Vexual: i think the signals directorate has our press

10:45:43 Vexual: lots of antarctica is still up for grabs

10:49:40 assbot: [MPEX] [S.MPOE] 3655 @ 0.00081141 = 2.9657 BTC [-]

10:52:29 Vexual: stealing 3 billion of gas per annum is just business

10:56:01 Vexual: but trying to cover it up to protect the way the info was obtained is an exercise in futility, fact check or no

11:10:10 Vexual: you can't force nayone to use gpg, but you can sign your kids up for a jungle war easily enough

11:10:22 jurov`: http://jdbif7.blogspot.sk/2013/12/btc-raise-to-us-1800-can-happen-this.html rumor mill is on

11:10:23 ozbot: BTC raise to US$ 1800 can happen this week !! - JDBIF - The Bitcoin Investment Fund.

11:11:30 Vexual: id take some of that 10000 2014 bet

11:15:18 Vexual: but im far more interested in the exchange rate bedoming irrelevant

11:26:15 KRS|gotyawallet: Vexual: whats up slut

11:29:19 assbot: [HAVELOCK] [CBTC] 1597 @ 0.00010121 = 0.1616 BTC [-] {2}

11:29:52 mircea_popescu: sooo... some sr contender nobody heard of had ~100k btc in its wallets ?

11:31:00 KRS|gotyawallet: wallet? where?

11:32:57 mircea_popescu: ;;google bitcoin sheep markety

11:32:58 gribble: Online black market members hunt down $100 million in bitcoins ...: http://www.theverge.com/2013/12/2/5167670/sheep-marketplace-bitcoin-heist-nets-at-least-5-million-owners-blamed; Huge bitcoin heist: Black market drug shop Sheep Marketplace ...: http://blogs.computerworld.com/cybercrime-and-hacking/23217/huge-bitcoin-heist-black-market-drug-shop-sheep-marketplace- (1 more message)

11:33:25 mircea_popescu: bbc has it at 5mn (ie, 5k btc, which seems reasonable)

11:33:44 mircea_popescu: verge, computerworld and the rest of the trade rags quite 100mn

11:34:42 dub: http://samy.pl/skyjack/

11:34:43 ozbot: SkyJack - autonomous drone hacking

11:35:29 mircea_popescu: ha

11:42:24 mircea_popescu: dub:

11:42:25 mircea_popescu: true to form the usual tard brigade took the bait, gmax and phantomcircuit << lawl.

11:42:48 mircea_popescu: dub i suppose someone should tell them my henchman snackman was jus' trolling them

11:43:22 mircea_popescu: kakobrekla : http://log.bitcoin-assets.com/?date=04-12-2013 check it out, all lines by KRS|gotyawallet are blank.

11:44:26 mircea_popescu: BingoBoingo lol that got her well fuming. apparently it's some scammy thing that is trying to pretend like they're less scammy because they're associated with credible people, by the procedure of giving those people free shares they never asked for.

11:44:54 kakobrekla: blank?

11:45:10 kakobrekla: can you link to a particular blank line

11:45:13 mircea_popescu: ytes, and his name is misquoted

11:45:24 KRS|gotyawallet: can you describe the blank line, sir.

11:45:26 mircea_popescu: shit

11:45:47 kakobrekla: http://log.bitcoin-assets.com/?date=04-12-2013#405107

11:45:47 mircea_popescu: i misread a blank line because your name is so long it bumps the table

11:45:49 ozbot: #bitcoin-assets log

11:45:51 kakobrekla: works?

11:45:52 dub: did they get piped to yr wallet

11:45:57 kakobrekla: a

11:46:00 mircea_popescu: my bad.

11:46:04 KRS|gotyawallet: see

11:46:12 mircea_popescu: dub who ?

11:46:20 KRS|gotyawallet: the magic behind my method is teh pipe

11:46:36 mircea_popescu: lol. i kept reading KRS : blabla, gotyawallet: blank line

11:46:50 KRS|gotyawallet: and I have a big pipe.

11:46:56 kakobrekla: hm it breaks at | eh

11:47:01 kakobrekla: stupid |.

11:47:30 pankkake: there are some css options for tables to avoid it IIRC

11:47:49 mircea_popescu: asciilifeform actually, the application where you generate all bitcoin addresses whose private key is an ascii string

11:48:02 mircea_popescu: is probably going to make someone a few bitcoin down the road.

11:49:01 mircea_popescu: dub:

11:49:01 mircea_popescu: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles <<< bwhaahahajh omfg

11:49:18 mircea_popescu: ;;rated dub

11:49:19 gribble: You rated user dub on Wed Dec 19 17:11:23 2012, with a rating of 1, and supplied these additional notes: he's been around a while..

11:49:32 mircea_popescu: well i ain't changing that, but you should start your own troll school./

11:50:02 KRS|gotyawallet: i lost my gpg key..should have known better than to create it on a company computer =/

11:50:32 mircea_popescu: never create on company computers

11:50:35 mircea_popescu: they're paying you not to.

11:51:00 KRS|gotyawallet: you'd think i'd know better being in IT 14+ years..did it on my laptop..just too lazy.

11:51:20 pankkake: can you change your OTC GPG key?

11:51:29 mircea_popescu: not really.

11:51:31 KRS|gotyawallet: i dont work any more..i just do this stuff now..ty btc

11:51:35 pankkake: that sucks

11:51:39 mircea_popescu: no it doesn't.

11:52:06 mircea_popescu: suppose i show up one day to find my gpg key was helpfully changed.

11:52:17 pankkake: actually, you can. changekey command

11:52:24 KRS|gotyawallet: i've got 20 btc on a hard drive around here somewhere but i'm just too lazy to find it.. meh

11:52:37 mircea_popescu: um

11:52:38 pankkake: I'm thinking of changing mine to a stronger one

11:52:40 mircea_popescu: ;;changekey

11:52:40 gribble: (changekey <keyid>) -- Changes your GPG registered key to <keyid>. <keyid> is a 16 digit key id, with or without the '0x' prefix. We look on servers listed in 'plugins.GPG.keyservers' config. You will be given a random passphrase to clearsign with your key, and submit to the bot with the 'verify' command. You must be authenticated in order to use this command.

11:52:55 mircea_popescu: well ya but this presumes you have the old one.

11:52:57 KRS|gotyawallet: oh kickass

11:53:01 KRS|gotyawallet: =/

11:53:05 pankkake: of course

11:53:08 mircea_popescu: a nm then

11:53:12 mircea_popescu: i was thinking fo the other case.

11:53:26 mircea_popescu: as he had said he lost his.

11:53:46 pankkake: yeah…

11:53:57 pankkake: didn't save a revocation stuff either?

11:54:21 KRS|gotyawallet: i quit and told them they could keep their fucking laptop..think they'll let me get my shit off it?

11:54:34 mircea_popescu: ask nicely the chick in hr with the big boobs

11:54:53 KRS|gotyawallet: she's more petite and has braces..Mmmm..

11:56:31 mircea_popescu: ;;later tell benkay http://fraudsters.com/2013/the-art-of-making-friends-and-influencing-people-versus-stockholm-syndrome/#comment-96511

11:56:31 gribble: The operation succeeded.

11:57:14 jamespeerless: micea_popescu: continuing discussion from yesterday.. since you have a new address per user per bet, don't you end up with a ton of addresses with a tiny amount of coin in them? what do you do with them once the bet is over?

11:58:20 mircea_popescu: jamespeerless not moreso than the average site taking bitcoin

11:58:39 mircea_popescu: if you look at the stats, Confirmed bets: 7123 Confirmed total: 9,728 BTC

11:58:45 mircea_popescu: that means the avg bet is > 1btc

11:58:51 jamespeerless: good point

11:58:54 mircea_popescu: bitpay wishes it could say the same thing

11:58:59 jamespeerless: :P

11:59:12 mircea_popescu: what are you gonna do, you know ? consolidate them.

12:00:04 mircea_popescu: there is some discussion on this topic over at

12:00:29 mircea_popescu: ;;google bitcoind not ready for prime time

12:00:29 mircea_popescu: meh no gribs ?

12:00:30 gribble: Western Union Says Bitcoin Not Ready For Primetime – Bitcoin ...: http://bitcoinmagazine.com/7692/western-union-says-bitcoin-not-ready-for-primetime/; Bitcoin's New All-time High: Exploring the Latest Bubble – Bitcoin ...: http://bitcoinmagazine.com/8104/bitcoins-new-all-time-high-exploring-the-latest-bubble/; Western Union Says Bitcoin Not Ready For Primetime - Kitco (1 more message)

12:00:51 mircea_popescu: http://fraudsters.com/2013/bitcoind-not-quite-ready-for-prime-time/

12:01:17 Duffer1: has bitcoin already surpassed western union in terms of value transmitted?

12:01:31 ozbot: Bitcoind : not quite ready for prime time pe fraudsters - Un blog de Mircea Popescu.

12:01:55 mircea_popescu: Duffer1 it's impossible to accurately calculate the value bitcoin transmits

12:04:16 jamespeerless: wow just sad that

12:04:24 jamespeerless: sounds pretty crappy

12:04:26 jamespeerless: read*

12:04:35 mircea_popescu: well... it's a prototype.

12:04:41 mircea_popescu: not intended to be put into production.

12:06:51 jamespeerless: so because of these limitations sounds like you need to do some manual work to resolve payouts

12:06:56 assbot: [HAVELOCK] [NEOBEE] 344 @ 0.0029 = 0.9976 BTC [+]

12:09:30 mircea_popescu: well 1. payouts are done with a lot of human supervision anyway ;

12:09:52 mircea_popescu: 2. i doubt anyone uses unpatched bitcoin code anymore.

12:10:09 mircea_popescu: as best as i can determine everyone is on some trunk from .4 to .6 with a bunch of in house patches

12:10:46 mircea_popescu: it's possible that a significant chunk of users (by headcount) are on .7/.8 or w/e

12:11:00 assbot: [HAVELOCK] [NEOBEE] 500 @ 0.0029 = 1.45 BTC [+] {2}

12:11:06 mircea_popescu: however, wallets made by those versions won't see a significant chunk of actual bitcoins... likely ever.

12:11:22 jamespeerless: by the newer versions? why not?

12:11:39 mircea_popescu: cause the credibility of the dev team is somewhere between nil and epsilon

12:11:50 jamespeerless: heh

12:12:01 assbot: [HAVELOCK] [NEOBEE] 300 @ 0.0029 = 0.87 BTC [+] {2}

12:12:03 jamespeerless: so your outlook on the future of bit coin protocol is bleak?

12:12:18 mircea_popescu: im not sure what you're asking.

12:12:41 mircea_popescu: but anyway, rather than have you shoot in the dark, here's the story :

12:13:07 jamespeerless: if you're saying the current dev's contributing to bit coin are no good and its clear bit coin will require more work to be 'production ready' then without some change the future is bleak

12:13:08 jamespeerless: is what i meant

12:13:10 mircea_popescu: 1. bitcoin was released as a prototype. that means something specific, and what it means doesn't include "to be used for any actual purpose". prototypes are there to test.

12:13:25 mircea_popescu: 2. people started using it anyway, because it was there. this is how things usually work.

12:13:48 mircea_popescu: 3. once satoshi left the dev team never recovered. it's roughly what the linux dev team would be if linus left.

12:14:31 mircea_popescu: basically a collection of people with poor iq and worse skills, hanging on because they perceive this as sexy, and imagine hanging on makes them somehow important.

12:15:03 mircea_popescu: 4. at the right time (ie 2012) i pointed out to them that their only chance to maintain any semblance of relevance is to fully specify the code.

12:15:28 mircea_popescu: this, obviously, is a very hard task. they, aware of their intellectual limitations, eschewed this task.

12:15:54 mircea_popescu: 5. the situation has evolved in the exact direction i was expecting : absent a specification everyone is using their own in house concoctions.

12:16:09 ThickAsThieves: i smell a blog post coming on

12:16:15 mircea_popescu: this will aggravate over time, with miners and large merchants all pushing on the code,

12:16:26 jamespeerless: how can it work if everyone is using their own in-house modified version yet they all need to communicate together

12:16:28 mircea_popescu: and with "the network accepts it" as pretty much the only measure of good or evil.

12:16:40 mircea_popescu: well that's just it, the network blindly decides.

12:17:02 mircea_popescu: this will be a major resource black hole in the coming years, but it does not threaten the system itself.

12:17:09 mircea_popescu: if anything, it makes the system stronger.

12:17:21 KRS|gotyawallet: the anatomy of a blog post

12:17:25 mircea_popescu: it DOES however threaten any one actor, and ESPECIALLY actors acting on deluded presumptions,

12:17:31 mircea_popescu: such as the snackman kid.

12:18:06 jamespeerless: doesn't this lend itself to a couple big corps from releasing their own widely adopted forks.. similar to os x and the 5000 flavors of linux?

12:18:07 assbot: [MPEX] [S.MPOE] 13545 @ 0.00081026 = 10.975 BTC [-]

12:18:13 mircea_popescu: no.

12:18:18 mircea_popescu: because, again, bitcoin is about money.

12:18:27 mircea_popescu: as long as those big corps don't actually have big btc, they aren't big corps

12:18:32 mircea_popescu: they just thing themselves big.

12:18:37 ThickAsThieves: how does one "release" a "widely adopted" fork?

12:18:41 mircea_popescu: exactly.

12:18:49 mircea_popescu: 0.8 is a widely adopted fork.

12:18:50 mircea_popescu: so ?

12:18:58 pankkake: see web browsers and web servers

12:19:21 mircea_popescu: i've had people spend 1000s of hours modelling this point, as it's the one most important point in all bitcoin

12:19:23 jamespeerless: yeah guess as long as they don't have any way to make money off of it, it won't happen

12:19:28 mircea_popescu: i'm not seeing anything particularly worrisome

12:19:30 pankkake: or, in p2p, the most popular networks: ed2k and bittorrent

12:19:35 pankkake: so many implementations talking to each other

12:20:06 mircea_popescu: ThickAsThieves i suppose i should put this up ion fraudsters too, even out the chances of teh populous a little.

12:20:37 ThickAsThieves: plus you need to have any new predictions in published record :)

12:20:57 ThickAsThieves: so i can scowl with happiness at you in the future

12:20:58 mircea_popescu: lol this is more like predictions of the past

12:21:45 ThickAsThieves: yes, but you can apply your thought to the current state of things, allowing for new more appropriate predictions

12:22:27 ThickAsThieves: like the disbandment of the dev team maybe?

12:22:45 ThickAsThieves: i suppose theyll claim the title long afte rthey cease work

12:23:24 mircea_popescu: why should they be disbanded ? let the kids have fun.

12:23:43 mircea_popescu: foundations, conferences, is how discoveries are made in sciences too neh ?

12:24:04 ThickAsThieves: well if you count "outreach" maybe

12:24:13 assbot: [HAVELOCK] [NEOBEE] 150 @ 0.0029 = 0.435 BTC [+]

12:28:32 ThickAsThieves: ;;ticker

12:28:32 gribble: MtGox BTCUSD ticker | Best bid: 1191.00001, Best ask: 1198.0, Bid-ask spread: 6.99999, Last trade: 1191.0, 24 hour volume: 17070.52954069, 24 hour low: 1105.0, 24 hour high: 1209.989, 24 hour vwap: 1157.24439

12:28:39 ThickAsThieves: ;;nethash

12:28:41 gribble: 6400549.04237

12:28:50 ThickAsThieves: that hasnt moved in like a day or two

12:28:55 ThickAsThieves: like, exactly the same number

12:29:00 ThickAsThieves: seems broken

12:29:11 mircea_popescu: ;;ticker --bitstamp

12:29:12 gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Mtgox. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure (1 more message)

12:29:15 mircea_popescu: meh

12:29:18 assbot: [HAVELOCK] [AM1] 2 @ 0.33318358 = 0.6664 BTC [-]

12:29:20 mircea_popescu: ;;ticker --market bitstamp

12:29:21 gribble: Bitstamp BTCUSD ticker | Best bid: 1095.66, Best ask: 1097.0, Bid-ask spread: 1.34000, Last trade: 1097.0, 24 hour volume: 10080.51725385, 24 hour low: 1037.5, 24 hour high: 1100.0, 24 hour vwap: 1065.90371392

12:29:24 ThickAsThieves: .d

12:29:25 ozbot: 707408283.05150 | Next Diff in 1153 blocks | Estimated Change: 23.7524% in 6d 2h 27m 16s

12:29:32 ThickAsThieves: .b

12:29:45 ThickAsThieves: .q

12:30:11 ThickAsThieves: ;;estimate

12:30:19 assbot: [HAVELOCK] [NEOBEE] 200 @ 0.0029 = 0.58 BTC [+]

12:30:23 gribble: Next difficulty estimate | None based on data since last change | 894132728.373 based on data for last three days

12:32:31 KRS|gotyawallet: anyone know if these guys are legit? https://asic-market.com/product/blue-fury-usb-miners/

12:35:12 ThickAsThieves: if you have to ask

12:35:25 KRS|gotyawallet: =/

12:35:28 ThickAsThieves: then you know the answer

12:35:30 ThickAsThieves: ;)

12:35:44 KRS|gotyawallet: haha come on one must question almost everything in bitcoin

12:35:50 KRS|gotyawallet: f'n sharks out there

12:35:56 KRS|gotyawallet: in here..everywhere.

12:36:05 ThickAsThieves: you missed my point

12:36:13 ThickAsThieves: i'll rephrase

12:36:21 KRS|gotyawallet: oh because there isnt enough to find out out which is making me ask

12:36:24 ThickAsThieves: if they have no rep, how could you trust them

12:36:30 KRS|gotyawallet: right..gotcha.

12:36:41 KRS|gotyawallet: thanks dude

12:45:59 mircea_popescu: http://fraudsters.com/2013/the-future-in-the-past/

12:45:59 ozbot: The future in the past pe fraudsters - Un blog de Mircea Popescu.

12:47:03 pankkake: that's a lazy one… and you made me pay a few satoshi for it!

12:47:15 mircea_popescu: totally.

12:47:24 mircea_popescu: if you ain't cheatin' you ain't tryin'.

12:52:30 ThickAsThieves: http://finance.yahoo.com/news/bitcoin-alternative-quark-qrk-increases-072503725.html

12:52:32 ozbot: Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week - Yahoo Finance

12:52:42 ThickAsThieves: so basically altcoins make ponzis legal'

12:53:10 ThickAsThieves: we'll have altcoins sponsoring football teams n shit

12:53:51 ThickAsThieves: celebrity "endorsements" etc

12:55:31 KRS|gotyawallet: HAH

12:55:44 assbot: [HAVELOCK] [HIF] 500 @ 0.00048971 = 0.2449 BTC [+]

12:56:03 pankkake: most of that "increase" is already gone

12:56:18 pankkake: welcome to the endless pump and dump

12:57:01 pankkake: by the way it was on the list: http://www.theguardian.com/technology/2013/nov/28/bitcoin-alternatives-future-currency-investments

12:58:51 pankkake: same for this infinitecoin actually

13:01:50 assbot: [HAVELOCK] [NEOBEE] 177 @ 0.0029 = 0.5133 BTC [+]

13:21:44 mircea_popescu: lol yahoo nao pumping altchains ?

13:21:53 ThickAsThieves: http://www.newyorker.com/online/blogs/currency/2013/11/why-regulate-bitcoin.html

13:21:53 ozbot: Why Regulate Bitcoin? : The New Yorker

13:22:00 ThickAsThieves: "There may, however, be good cause for regulation. There have been several high-profile thefts of bitcoins recently, including a hacker attack last week on a Czech exchange called Bitcash.cz that emptied four thousand digital wallets belonging to customers. Also this month, an eighteen-year-old man in Australia who was running a Bitcoin “bank” announced that more than four thousand

13:22:00 ThickAsThieves: bitcoins had been stolen from his Web site, most of them belonging to users. In any industry, one of the strongest arguments in favor of regulation is the need for consumer protection—something bitcoin currently lacks."

13:22:19 ThickAsThieves: lol so US regulation will also help the Czech and Aus?

13:22:54 mircea_popescu: if one of the strongest arguments in favour of regulation really is the perceived need for consumer protection,

13:22:56 pankkake: I wasn't aware regulation prevented stealing

13:23:00 mircea_popescu: regulation has very poor chances.

13:23:16 ThickAsThieves: regulation can protect the whole internet guys

13:23:18 ThickAsThieves: cmon

13:23:53 mircea_popescu: adding to the amusement in romanian that verb basically means "to fuck"

13:24:22 mircea_popescu: a polite way of saying it, as "he set her straight, sexually speaking" would be in english

13:24:58 pankkake: un bon coup de bite

13:25:19 ThickAsThieves: i still worry that eventually the only answer will be scary loss of net neutrality

13:25:43 ThickAsThieves: but maybe that will spur better internets

13:25:50 pankkake: many new censorship laws lately :/

13:25:56 pankkake: and without much protest either

13:26:11 pankkake: france wants to censor "tax evasion" next

13:26:27 pankkake: before that it was unregistered gambling

13:27:01 pankkake: http://www.theguardian.com/uk-news/2013/nov/27/ministers-order-isps-block-terrorist-websites

13:27:02 ozbot: Ministers will order ISPs to block terrorist and extremist websites | UK news | The Guardian

13:29:17 assbot: [HAVELOCK] [NEOBEE] 125 @ 0.00288 = 0.36 BTC [-]

13:29:38 Duffer1: not getting robbed would be nice, but i fail to see how regulation would prevent that in any way

13:30:38 Duffer1: first exchange to offer insurance wins

13:31:08 pankkake: I believe services could escrow a part of their funds

13:31:43 pankkake: (i.e. like delivery bets but more generic)

13:31:45 mircea_popescu: ThickAsThieves amusingly, bitcoin resolves definitively the issue of net neutrality.

13:32:00 pankkake: and namecoin!

13:32:05 mircea_popescu: whatever anyone could possibly throw at hte problem, bitcoin has billions soon to be trillions of vested interest.

13:32:09 mircea_popescu: nobody can fight that and win.

13:32:10 Duffer1: not necessarily mp

13:32:19 mircea_popescu: i guess we shall see.

13:32:48 Duffer1: at least in america the net neutrality issue also involves isp bandwidth limiting and paywalling

13:33:11 Duffer1: pay x more to access premium sites like x,y,z

13:33:54 mircea_popescu: any isp is free to issue you whatever contract they want, and you don't have to take it.

13:34:05 mircea_popescu: as long as there's ppl holding bitcoins, there will be a market to provide them with internet.

13:34:38 Duffer1: i don't see that happening in america, major monopolies are protected state to state

13:34:47 Duffer1: startups are sued into the ground or bought outright

13:35:04 Duffer1: exclusivity contracts are the norm

13:35:08 mircea_popescu: well conversely, i don't see the us as much of a point of interest anyway, it's on its last legs as is.

13:35:26 Duffer1: i agree, i just hate to see it happening

13:35:28 mircea_popescu: i mean a similar argument could be brought that in somalia internet access is difficult, what with all the armed bandits

13:35:32 mircea_popescu: nevertheless...

13:36:26 mircea_popescu: on the brighter side, from what i hear in the larger cities you can already get point to point internet

13:36:31 mircea_popescu: what with all the wireless everywhere

13:36:42 pankkake: http://online.wsj.com/news/articles/SB10001424052748704608104575220570113266984

13:36:43 ozbot: Telecom Firms Thrive in Somalia - WSJ.com

13:37:03 Duffer1: all provided by at&t, comcast, or time warner

13:37:06 KRS|gotyawallet: Whats that got to do with Serbia

13:37:14 mircea_popescu: the other somalia

13:37:18 KRS|gotyawallet: oh right

13:38:09 pankkake: amateur (in the good sense) wireless networking is easy in a city. but how do you go further?

13:38:25 mircea_popescu: you can get satellite links anywhere.

13:38:50 pankkake: so we just need spacex to accept bitcoins!

13:39:07 mircea_popescu: the virgin thing already does

13:39:10 truffles: why is it america has such good internet connections

13:39:15 truffles: europe sucks with this!I!

13:39:22 mircea_popescu: for that matter, we'll probably be launching our own satellites before there's any serious challenge to net neutrality.

13:39:24 Duffer1: i'll miss my mmos if i'm forced to satellite :( hehe

13:39:33 mircea_popescu: truffles are you kidding ?

13:39:50 pankkake: most of europe is pretty well served

13:39:56 mircea_popescu: actually that's what i'd like to ipo : a telecom satellite launcher corp.

13:39:59 mircea_popescu: it can't be THAT hard.

13:40:04 Apocalyptic: mircea, I thought you had him on ignore

13:40:23 truffles: i feel like its intermittent or something

13:40:41 mircea_popescu: Apocalyptic http://log.bitcoin-assets.com/?date=03-12-2013#402974

13:43:31 truffles: http://www.dailymail.co.uk/news/article-2464131/Britain-facing-high-risk-blackouts-5-years.html

13:43:32 ozbot: Britain facing 'high risk of blackouts over next 5 years' | Mail Online

13:45:58 ThickAsThieves: <mircea_popescu> actually that's what i'd like to ipo : a telecom satellite launcher corp. <<< I'm so in

13:46:10 Duffer1: no doubt

13:47:04 Duffer1: need cable grade ping time or better though

13:47:54 ThickAsThieves: just put the internet in the blockchain

13:48:01 ThickAsThieves: bitcoin solves everything!

13:48:36 assbot: [HAVELOCK] [NEOBEE] 414 @ 0.0029 = 1.2006 BTC [+] {2}

13:50:38 assbot: [HAVELOCK] [NEOBEE] 597 @ 0.00288 = 1.7194 BTC [-]

13:51:08 Apocalyptic: lul

13:52:36 ThickAsThieves: If anyone is interest Danny Brewster, Neo, is tweeting from the Cyprus Investor Show, lotsa pics, including the POS unit https://twitter.com/BtcDanny

13:53:00 ThickAsThieves: interested*

13:53:28 kakobrekla: shiny black fetish bags

13:53:31 kakobrekla: GIMMESUM!

13:53:41 assbot: [HAVELOCK] [AM1] 1 @ 0.34865856 BTC [+]

13:53:42 assbot: [HAVELOCK] [VTX] 1 @ 0.153 BTC [+]

13:57:46 assbot: [HAVELOCK] [AM1] 1 @ 0.34867853 BTC [+]

13:58:23 ThickAsThieves: An estimated 70 percent of the nearly 11,000 silent films produced in the US have been lost, according to a landmark study from the Library of Congress.

13:59:27 ThickAsThieves: https://twitter.com/BtcDanny/status/407128229208940544/photo/1/large

13:59:28 ozbot: Twitter / BtcDanny: I'm famous now http://t.co/8jkmO48yn4

13:59:33 ThickAsThieves: hehe

13:59:49 truffles: just read that one

13:59:55 truffles: he's a brit?

14:00:18 ThickAsThieves: originally, yes

14:00:39 truffles: hairstyle/face combo is typical

14:02:27 truffles: colors and bags look nice

14:02:49 ThickAsThieves: it's an interesting choice of brand colors

14:02:50 assbot: [HAVELOCK] [HMF] 12 @ 0.02591675 = 0.311 BTC [-] {2}

14:02:55 ThickAsThieves: black and yellow

14:03:01 ThickAsThieves: not very common

14:03:22 truffles: http://www.youtube.com/watch?v=UePtoxDhJSw

14:03:22 ozbot: Wiz Khalifa - Black And Yellow [Official Music Video] - YouTube

14:03:31 ThickAsThieves: i hat ethat song so much

14:03:36 truffles: hahaha

14:04:36 truffles: never watched vid before

14:05:09 ThickAsThieves: i do like a few Wiz songs tho

14:05:21 ThickAsThieves: that chorus though

14:05:25 ThickAsThieves: so bad

14:06:09 truffles: song feels like its 20mins long..

14:06:14 ThickAsThieves: Jay Z & Beyonce have gone vegan

14:06:23 truffles: for 22 days

14:06:25 truffles: *

14:06:31 ThickAsThieves: thats all it takes

14:06:35 jcpham: http://i.imgur.com/rnQZJcz.jpg

14:06:42 jcpham: faulty pens

14:07:20 truffles: lmao

14:07:24 truffles: massive cocks

14:08:50 ThickAsThieves: the comments on that youtube page kinda show that google's switch to using google+ to clean comments didnt work

14:08:52 jcpham: my pens never do that

14:09:11 ThickAsThieves: "i don't know wtf this black cunt is singing"

14:09:12 truffles: google just keeps making utube worse..

14:09:18 ThickAsThieves: "Alex Robinson you are a nigga lover. and you trying to make me just like you. shame that."

14:09:51 truffles: oh i didnt even look at comments this time

14:10:07 truffles: i often do, i blame google

14:10:59 assbot: [HAVELOCK] [AM1] 1 @ 0.3486 BTC [-]

14:11:33 truffles: saw at least 3 women in that phot, 1 guy looks arab, 1 black guy hmm

14:12:16 truffles: http://t.co/0WzwpkMD5O

14:12:17 ozbot: Twitter / BtcDanny: Good turnout http://t.co/0WzwpkMD5O

14:13:00 assbot: [HAVELOCK] [NEOBEE] 81 @ 0.0029 = 0.2349 BTC [+]

14:17:05 truffles: it wasnt a black guy nm

14:19:00 thestringpuller: truffles has to be french

14:19:04 thestringpuller: that's the only place they grow

14:19:17 truffles: i just ate the last one

14:19:44 thestringpuller: ThickAsThieves hate's Wiz Khalifa too.

14:19:59 thestringpuller: ThickAsThieves have you heard the Kanye-Sway interview?!?!?

14:20:27 thestringpuller: YOU AIN'T GOT THE ANSWERS ThickAsThieves YOU AIN'T GOT THE ANSWERS!!!!

14:21:08 assbot: [HAVELOCK] [AM1] 1 @ 0.34 BTC [-]

14:21:22 thestringpuller: https://soundcloud.com/halonyc/you-aint-got-the-answers - YES

14:22:09 assbot: [HAVELOCK] [AM100] 46 @ 0.00330215 = 0.1519 BTC [+] {4}

14:22:18 pankkake: "Despite many assuming the song is a reference to the colors of Pittsburgh, Pennsylvania's NFL team, the Pittsburgh Steelers, the song is actually about Khalifa's black-and-yellow striped car"

14:22:45 pankkake: and here I thought that would be an interracial love song

14:23:10 assbot: [HAVELOCK] [AM100] 55 @ 0.00337039 = 0.1854 BTC [+]

14:23:44 thestringpuller: i don't think Wiz has the capacity to write a love song, or music at all...

14:24:05 thestringpuller: He plagarized Chrono Trigger!

14:24:12 pankkake: so skinny

14:25:04 thestringpuller: https://www.youtube.com/watch?v=phWoiyfA8ls#t=23 - it's like "really?"

14:25:14 truffles: i was going to say he wasnt wearing enough yellow in song

14:26:26 ThickAsThieves: lol at that soundcloud song

14:27:50 truffles: omg never been part 2?

14:27:55 truffles: there was a part 1

14:28:00 truffles: ..

14:31:18 assbot: [HAVELOCK] [NEOBEE] 1002 @ 0.00294304 = 2.9489 BTC [+] {5}

14:34:36 thestringpuller: ;;bc,24hprc

14:34:37 gribble: Error: Failed to retrieve data. Try again later.

14:37:37 thestringpuller: ;;calc (108 - 50) / 108

14:37:37 gribble: 0.537037037037

14:37:55 thestringpuller: oh man whoever wrote those options is over exposed

14:49:36 assbot: [HAVELOCK] [AM1] 1 @ 0.343 BTC [+]

14:56:43 assbot: [HAVELOCK] [AM1] 1 @ 0.3439 BTC [+]

15:03:02 nubbins`: morning

15:03:59 truffles: good evening

15:04:41 davout: afternoon

15:08:55 assbot: [MPEX] [S.MPOE] 6500 @ 0.00081266 = 5.2823 BTC [+]

15:09:44 jcpham: http://i.imgur.com/NVaWlme.jpg

15:09:57 jcpham: http://www.reddit.com/r/Bitcoin/comments/1s2qym/bitcoin_santa_on_good_morning_america/

15:22:11 jborkl: https://bitcointalk.org/index.php?topic=350732.msg3775469#msg3775469

15:22:13 ozbot: COINTERRA IS REAL -> NO SCAM!!

15:23:47 pankkake: being "real" is having an address and people behind it?

15:23:57 pankkake: how about delivering

15:24:09 pankkake: who cares if they are aliens from the moon

15:24:29 jborkl: well, I was reading how the Ravi is/might be a escort

15:24:56 pankkake: :D

15:25:12 jborkl: very interesting - I will be back in 20 minutes to tell you if they are at work in suite 303

15:30:16 assbot: [HAVELOCK] [AM1] 3 @ 0.34384666 = 1.0315 BTC [-] {3}

15:31:04 Diablo-D3: wt?

15:32:18 assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00294943 = 0.2949 BTC [+] {2}

15:33:19 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00294988 = 0.1475 BTC [+]

15:41:00 mod6: screen in a screen, ho ho!

15:42:07 mod6: now maybe i can lurk on the dl. hehe.

15:46:14 pankkake: screen in a screen is the norm for me

15:46:32 assbot: [HAVELOCK] [NEOBEE] 872 @ 0.00294988 = 2.5723 BTC [+]

15:46:33 assbot: [HAVELOCK] [HMF] 10 @ 0.02591 = 0.2591 BTC [-]

15:46:34 nubbins`: do any of you guys bake bread?

15:46:41 nubbins`: trying to troubleshoot a loaf

15:52:38 assbot: [HAVELOCK] [NEOBEE] 333 @ 0.00294999 = 0.9823 BTC [+]

15:53:39 assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]

15:54:10 jborkl: Well, they are there

15:54:22 jborkl: in suite 303

15:55:07 nubbins`: great

15:55:27 davout: nubbins`: yup

15:57:24 nubbins`: ah, re: bread?

15:57:37 nubbins`: so i'm making sourdough

15:57:58 nubbins`: the dough rises in the bowl and again in the pan, but when i place the loaves in the oven, they don't rise any further

15:58:03 jborkl: ah, I thought you were having trouble taking a dump

15:58:08 nubbins`: HAHA

15:58:19 nubbins`: no trouble there ;(

15:59:45 assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]

16:01:47 assbot: [HAVELOCK] [NEOBEE] 115 @ 0.00294998 = 0.3392 BTC [+] {2}

16:02:42 ThickAsThieves: neumann studio monitor system ... heaven

16:03:28 ThickAsThieves: breaking them in with Fuckin' Problems - ASAP/Drake/Kdot :)

16:03:43 ThickAsThieves: thestringpuller might preciate that

16:05:51 assbot: [HAVELOCK] [NEOBEE] 198 @ 0.00290002 = 0.5742 BTC [-] {2}

16:06:53 assbot: [MPEX] [S.MPOE] 3184 @ 0.00081379 = 2.5911 BTC [+]

16:07:53 assbot: [MPEX] [S.MPOE] 4830 @ 0.00081614 = 3.942 BTC [+]

16:09:53 davout: nubbins`: i'm not sure they're supposed to rise a lot anyway in the oven

16:10:20 nubbins`: i mean, i know traditional loaves should

16:10:24 nubbins`: just not sure about sourdough

16:10:40 davout: nubbins`: hm, i'll confess complete ignorance

16:10:48 nubbins`: heh

16:10:56 nubbins`: i also don't add any store-bought yeast

16:11:02 nubbins`: only sourdough starter

16:11:06 davout: nubbins`: you know, we french people, we just bake bread, it's in our blood xD

16:11:14 nubbins`: :D

16:11:23 davout: i do it with store-bought yeast

16:11:25 nubbins`: j'aime le pain!

16:11:34 davout: le pain c'est bien

16:11:37 nubbins`: yeah, i'm stubborn

16:11:52 nubbins`: i birthed this sourdough starter last september

16:11:57 assbot: [HAVELOCK] [AM1] 1 @ 0.34541456 BTC [+]

16:12:00 nubbins`: have been baking with it for over a year now

16:12:02 davout: gross mental image

16:12:07 nubbins`: HEH

16:12:21 nubbins`: shouldn't use "birthed" for yeast colonies

16:12:28 nubbins`: i created this sourdough starter last september

16:12:52 nubbins`: anyway, the bread is fucking delicious, which is what matters, i guess

16:13:03 davout: haha, yeah. you designed it man, you engineered it

16:13:27 nubbins`: anyway, gonna go eat a bunch

16:14:22 davout: bon appétit

16:19:04 assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00290002 = 0.58 BTC [-] {2}

16:21:06 assbot: [MPEX] [S.MPOE] 4086 @ 0.00081785 = 3.3417 BTC [+]

16:23:08 assbot: [HAVELOCK] [AM1] 1 @ 0.34878471 BTC [+]

16:39:08 stephengandel: Hi. I am a reporter trying to understand bitcoin futures. Anyone willing to help?

16:40:20 jurov`: hello stephengandel, you mailed to coinbr support yesterday?

16:41:48 ThickAsThieves: Ask questions openly, answers will come

16:42:26 Azelphur: stephengandel: best way is to ask in the channel. It's the cultural norm on IRC, and you'll get the best possible answers as others can correct inaccuracies.

16:47:34 ThickAsThieves: http://www.wired.com/threatlevel/2013/12/swartz-video/?cid=15264324

16:47:34 ozbot: This Is the MIT Surveillance Video That Undid Aaron Swartz | Threat Level | Wired.com

16:49:34 assbot: [HAVELOCK] [COG] 4 @ 0.05799996 = 0.232 BTC [+]

16:49:55 stephengandel: jurov, yes.

16:50:28 stephengandel: azelphur, what do you mean by ask the channel?

16:50:41 Azelphur: stephengandel: this is the channel, so just ask questions in here

16:50:49 Azelphur: they don't need to be aimed at anyone specific

16:52:44 ThickAsThieves: there are several competent and experienced people here that may be able to answer different questions best

16:54:31 stephengandel: OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs $10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract.

16:55:23 ThickAsThieves: ah, one thing I can tell you is you will find more ICBIT users in #bitcoin-analysis

16:55:50 ThickAsThieves: it is not trusted by some in here

16:55:51 stephengandel: OK, Can I find the same info for coinbr?

16:56:05 ThickAsThieves: youre in the right room for coinbr

16:56:09 ThickAsThieves: jurov runs it

16:56:14 jurov`: stephengandel: i'm the owner of coinbr

16:56:35 ThickAsThieves: and mircea_popescu runs MPEx, the exchange it brokers with

16:57:03 jurov`: All options are priced in bitcoins, and the prices are publisjed on http://mpex.co

16:57:27 stephengandel: OK. On MPEx, what does it mean that the price of o.usd.co50T is 0.785

16:57:44 stephengandel: sorry, 0.0785?

16:57:49 stephengandel: Is that of a bitcoin?

16:58:06 jurov`: it's call to buy 0.1btc for $50

16:58:22 jurov`: (that means price per 1BTC would be $500)

16:59:06 jurov`: and on exercise, you will get (in bitcoins) the difference between intrinsic value and current 24h weighed price

16:59:22 jurov`: or nothing, if price is <=500

16:59:48 stephengandel: intrinsic value is 500 for this contract.

16:59:52 stephengandel: And that'

17:00:00 stephengandel: that's if I buy.

17:00:08 stephengandel: what if I sell the contract?

17:00:30 ThickAsThieves: you can sell it for any price you like

17:01:09 ThickAsThieves: if you are trying to write and sell options that's a bit different

17:01:47 stephengandel: Yes. Trying to bet on a drop in the price of bitcoins.

17:02:03 ThickAsThieves: you might need to talk to Mircea

17:02:07 Apocalyptic: then you would buy put contracts

17:02:10 Apocalyptic: not calls

17:02:14 ThickAsThieves: not sure if jurov facilitates writing via coinbr

17:02:23 stephengandel: or sell calls?

17:02:26 ThickAsThieves: yes

17:02:37 jurov`: https://www.bitcoinforum.com/coinbr-com/call-option-calculation/msg2445/#msg2445 see this, section "Going short"

17:02:39 ozbot: Call option calculation - Bitcoin Forum - The Unofficial Bitcoin Forum

17:04:09 stephengandel: Is it the same if I go through coinbr as MPEx?

17:04:17 ThickAsThieves: I think you would need an MPEx account, and to negotiate margin with mircea_popescu

17:04:30 ThickAsThieves: he might even have details in the FAQ

17:05:06 jurov`: stephengandel: yes it's the same, unless you get margin form mircea_popescu

17:05:14 ThickAsThieves: an MPEx account is 30btc, or 25btc with referral

17:05:26 jurov`: but even then, you'll be doing the saem MKOP/SPPLIT requests with loaned funds

17:05:34 ThickAsThieves: if you join you should probly connect with jurov for the referral, since he got you here :)

17:06:51 assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00294 = 0.294 BTC [+]

17:07:02 stephengandel: So to do this on coinbr. I would have to open an account for 30 BTC, $30,000?

17:07:09 jurov`: No

17:07:22 jurov`: 30BTC is account directly on MPEx.

17:07:23 stephengandel: I don't understand.

17:07:36 jurov`: CoinBr offers account for free, only with small monthly fees

17:07:54 jurov`: because it's a broker that enables users to use one shared mpex account

17:08:02 ThickAsThieves: wouldnt mircea require a direct account for margin users?

17:08:57 jurov`: Yes, if you insist on margin, it's probably best to talk to mircea_popescu directly.

17:09:16 stephengandel: Can you do this without margin?

17:09:18 jcpham: https://www.bitrated.com/

17:09:18 ozbot: Bitrated

17:09:36 jcpham: arbitration escrow

17:09:38 ThickAsThieves: write options? No

17:09:38 jcpham: m-of-n

17:09:45 ThickAsThieves: buy options? Yes

17:10:03 jurov`: You can write option only when you provide the collateral yourself.

17:10:55 assbot: [HAVELOCK] [NEOBEE] 146 @ 0.00294 = 0.4292 BTC [+] {2}

17:11:56 assbot: [HAVELOCK] [NEOBEE] 1379 @ 0.00294999 = 4.068 BTC [+]

17:14:56 ThickAsThieves: stephengandel, when will bitcoin crash, do you think?

17:14:59 assbot: [HAVELOCK] [NEOBEE] 331 @ 0.00294999 = 0.9764 BTC [+]

17:15:51 jurov`: that's okay, it will crash, burn, whatever

17:16:00 assbot: [HAVELOCK] [HIF] 390 @ 0.00048971 = 0.191 BTC [+]

17:16:03 jurov`: there's much deeper misunderstanding at work

17:16:15 ThickAsThieves: do i have someone on ignore?

17:16:23 jurov`: people like him want to speculate on btc without being exposed at all

17:16:29 ThickAsThieves: oh

17:16:40 jurov`: and that's the piece that aint gonna work

17:16:54 jurov`: because loaning bitcoins is too risky

17:17:08 ThickAsThieves: indeed

17:17:26 Apocalyptic: jcpham, why are you promotting this ill-conceived service ?

17:17:27 stephengandel: No idea. Just trying to find out if it is possible to bet against it. But really don't know. Doing math now.

17:17:54 ThickAsThieves: I love that MPEx costs $35k now

17:18:09 ThickAsThieves: well if you want to "bet" against it

17:18:12 ThickAsThieves: that's much easier

17:18:16 ThickAsThieves: www.bitbet.us

17:18:22 ThickAsThieves: :)

17:18:42 ThickAsThieves: you can join existing bets or make your own

17:19:40 ThickAsThieves: www.bitbet.us?ref=1NfXM69erAWPDdNrZ2k2UkuV7HDPc6Ebwk

17:19:45 ThickAsThieves: better link

17:19:46 ThickAsThieves: :)

17:19:46 jcpham: Apocalyptic i'm not sure copying and pasting a link is promotion

17:20:04 assbot: [HAVELOCK] [NEOBEE] 187 @ 0.00294999 = 0.5516 BTC [+]

17:20:05 jcpham: it's also run by someone

17:20:22 jcpham: rumor is plans to tie into -otc gpg keys

17:20:26 ThickAsThieves: just make sure you read the BitBet FAQ fully

17:22:18 stephengandel: OK. But if I bought a put on the 0.USD.C050T on coinbr, I would have to put up .44 of a BTC as collateral?

17:23:00 ThickAsThieves: no

17:23:14 jurov`: They have recently changed the lot to 0.1BTC, so it should be 0.044

17:23:38 jurov`: $avg

17:23:39 mpexbot: jurov`: An error has occurred and has been logged. Please contact this bot's administrator for more information.

17:24:01 stephengandel: why no?

17:24:08 assbot: [HAVELOCK] [NEOBEE] 102 @ 0.00294999 = 0.3009 BTC [+]

17:24:42 jurov`: ;;calc 50/1097.74

17:24:42 gribble: 0.0455481261501

17:25:04 stephengandel: why 50, and not 500?

17:25:09 assbot: [HAVELOCK] [NEOBEE] 125 @ 0.00295 = 0.3688 BTC [+]

17:25:17 jurov`: because it's for 0.1btc

17:25:22 stephengandel: gotcha

17:25:37 ThickAsThieves: well also you dont need collateral to buy puts

17:25:56 jurov`: no, buying puts/calls goes normally

17:25:58 stephengandel: and the current price of that contract is 0.07919108 BTCs.

17:26:14 nubbins`: hm, re: bitrated

17:26:15 jurov`: yes, hefty risk preminum

17:26:24 stephengandel: what do you mean by that?

17:26:36 nubbins`: https://www.bitrated.com/u

17:26:43 stephengandel: that was the price to sell a call. Is it the same to buy a put?

17:26:47 nubbins`: see how the site modified all the double-dashes into hyphens?

17:26:54 ThickAsThieves: no

17:26:54 nubbins`: ——-BEGIN PGP SIGNED MESSAGE——-

17:27:11 assbot: [HAVELOCK] [NEOBEE] 875 @ 0.00295 = 2.5813 BTC [+]

17:27:36 stephengandel: where can I see the price of a put? Or am I not understanding this correctly.

17:27:42 jurov`: for buying or selling you either match the orders published by MPOE

17:27:55 jurov`: they are on mpex.co

17:28:07 jurov`: puts as O.USD.P***

17:28:07 ThickAsThieves: you can only sell options two ways: If you write them (margin), or if you buy them and resell them

17:28:31 jurov`: or you place the buy/sell order at another price and it will also get published at mpex.co

17:29:13 assbot: [HAVELOCK] [NEOBEE] 1540 @ 0.00299693 = 4.6153 BTC [+] {3}

17:29:16 stephengandel: OK. spread on the p050 contract appears to be huge

17:29:45 ThickAsThieves: that's because a bot algo manages constant orders

17:30:00 ThickAsThieves: currently the risk is high

17:30:11 ThickAsThieves: and thus so is the spread and premium

17:30:26 jurov`: yes. all these 1000's are MPOE offers. but anyone can make their own offers.

17:32:08 jurov`: !t m ^OIX

17:32:08 assbot: [MPEX:^OIX] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: / 112.71463735 / 112.71463735 (3170 shares, 119.21 BTC), 30D: 0 / 0 / 0 (0 shares, 0 BTC)

17:34:20 Apocalyptic: <stephengandel> OK. spread on the p050 contract appears to be huge // market makers make money from spread

17:38:30 stephengandel: So for the p080 contract, it would cost me roughly $1.70 to but the contract., with bitcoins at a current 1100. What would I make if bitcoins go down to 1000 or 900?

17:39:13 ThickAsThieves: you would lose money

17:39:30 stephengandel: But I bought a put?

17:39:53 ThickAsThieves: last i checked all the options require extreme price movement to profit

17:40:07 ThickAsThieves: 10-15% wont even be close

17:40:46 stephengandel: Do bitcoins have to go down to 800 for the p080 contract to be worth something, or below 800?

17:41:20 ThickAsThieves: they have to offset your premium

17:42:04 stephengandel: Is it different if I was selling a call vs. buying a put?

17:42:12 ThickAsThieves: Namworld, is your calculator still functional?

17:42:26 stephengandel: Seems like selling a call I could make money even if they went down a little bit?

17:42:46 stephengandel: But then I would need margin? Correct?

17:42:50 ThickAsThieves: yes

17:42:54 jurov`: *If* anyne buys it

17:43:02 ThickAsThieves: well the bot might

17:43:10 ThickAsThieves: but the price would still need to move a decent amount

17:43:24 ThickAsThieves: and you'd be shaving small %

17:43:42 jurov`: yes, if you sell to bot, you need large price movement

17:44:18 stephengandel: And also I have the problem that all of this would be settled in bitcoins, so any money I made on the futures bet against bitcoins would be offset by the fact that I own bitcoins, which would be worth less in dollars.

17:44:43 stephengandel: Just trying to figure out the calculation. Anyway you could run me through the transaction?

17:45:19 ThickAsThieves: well you'd be buying the bitcoins at a lower price than the current value if you surpass your premium

17:45:23 ThickAsThieves: so you could then sell them at a profit

17:46:48 stephengandel: what if bought a p110, which is essentially where the price is now right? It would cost me $6.19 a contract. Is that right?

17:47:58 jurov`: ;;calc 0.04537758*1079

17:47:59 gribble: 48.96240882

17:48:04 stephengandel: So if the price of a bitcoin went down to 1000 when the contract settled, I would make $10 minus the cost of the contract, or $3.80

17:48:14 jurov`: ^ it's $49

17:48:17 ThickAsThieves: juriv is showing you that you have your cost wrong

17:49:14 stephengandel: but that's the price to sell. I am buying a put.

17:49:51 stephengandel: So I have to pay the selling price to buy a put?

17:49:54 ThickAsThieves: there are puts for sale with their own prices

17:49:59 ThickAsThieves: of course

17:50:02 jurov`: SELL QTY means mpex is selling to you

17:50:04 mike_c: ThickAsThieves: you don't need margin to write/sell options on mpex. you just put up btc as collateral.

17:50:44 jurov`: hence, price 0.0453775 applies

17:50:44 ThickAsThieves: I see

17:51:35 assbot: [HAVELOCK] [NEOBEE] 735 @ 0.00299944 = 2.2046 BTC [+] {3}

17:51:43 stephengandel: OK so it would cost me $49, and if a bitcoin drops to 1000, then I lose $39. For me to start making bitcoins have to drop to $610. Is that right?

17:51:55 ThickAsThieves: sounds right

17:51:56 jurov`: yes

17:52:16 stephengandel: And then I have the problem that I have to convert that back to dollars, and in doing that I will have lost money on my bitcoins because they will have dropped in value.

17:52:58 jurov`: no you will get the $49 back in bitcoins at current rate

17:53:15 jurov`: so you'll be even

17:53:21 stephengandel: Not at the rate on the day the contract settles?

17:53:42 jurov`: they are american, so you can exercise them anytime

17:53:49 stephengandel: even in bitcoins, but not in dollars?

17:53:56 jurov`: and current rate at exercise time applies

17:54:29 jurov`: what do you mean?

17:54:38 assbot: [HAVELOCK] [NEOBEE] 84 @ 0.003 = 0.252 BTC [+] {4}

17:54:40 mike_c: no, even in dollars, that's the point. It's a hedge against bitcoin dropping

17:55:20 ThickAsThieves: hence Buying the Put

17:55:24 ThickAsThieves: rather than selling it

17:56:00 mike_c: thestringpuller:oh man whoever wrote those options is over exposed << not if they aren't speculating. if it is a miner hedging, then they aren't over-exposed.

18:00:01 stephengandel: from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs $110. Then I buy the put for $49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to $500, and I exercise the option. I will get 0.12 bit coins when I exersize.

18:00:44 assbot: [HAVELOCK] [NEOBEE] 286 @ 0.0031181 = 0.8918 BTC [+] {2}

18:01:13 ThickAsThieves: gogogo NEOBEE!

18:01:15 stephengandel: add that to what I had left in my account, and I will have a total of 0.17468842 BTCs.

18:01:54 jurov`: ;;calc (110-50)/50

18:01:54 gribble: 1.2

18:02:18 ThickAsThieves: ;;ticker

18:02:19 gribble: MtGox BTCUSD ticker | Best bid: 1201.00001, Best ask: 1207.0, Bid-ask spread: 5.99999, Last trade: 1200.75001, 24 hour volume: 15003.00562735, 24 hour low: 1131.72718, 24 hour high: 1219.94333, 24 hour vwap: 1172.45435

18:02:24 jurov`: yes, $60 will be 0.12 btc then

18:02:28 stephengandel: Now when I convert that back to dollars at the now btc rate of $1/500 BTCs, I would get $87. Meaning I still lost money!

18:02:46 assbot: [HAVELOCK] [AM1] 11 @ 0.33150768 = 3.6466 BTC [-] {5}

18:02:47 pankkake: can't you buy neobees for 0.003 direct from lmb holdings?

18:03:14 nubbins`: hey, wow

18:03:24 nubbins`: that's the firt time neobee has been > ipo for a while, i think?

18:03:29 nubbins`: *first

18:03:44 pankkake: yeah. because IPO was never finished before that

18:03:58 stephengandel: jurov, is that right?

18:04:04 stephengandel: Something I am missing?

18:04:08 ThickAsThieves: pankkake, yes, but the investor site is not fully functional it seems

18:04:19 ThickAsThieves: so some shares are locked but not purchased

18:04:27 pankkake: I wonder if this is a "must have shares now" or not knowing

18:04:48 ThickAsThieves: i dont even know how many are actually sold now :/

18:04:57 ThickAsThieves: waiting for access

18:05:03 jurov`: stephengandel: you buy the option for $49 and exercise them to get $60 back

18:05:28 jurov`: don't mix the bticoin you are holding long into there

18:05:30 stephengandel: I know but I will get it back in bitcoins, not dollars, correct?

18:05:48 ThickAsThieves: why does that matter

18:05:54 ThickAsThieves: sell them

18:05:55 jurov`: you will bet B0.12 *500 = $60

18:05:58 jurov`: *get

18:06:34 ThickAsThieves: obv you need to be doing higher volume than one option to make money anyway, so exchange fees wont be an issue

18:06:50 stephengandel: what are the exchange fees?

18:07:03 ThickAsThieves: check your exchange

18:07:10 stephengandel: on coinbr?

18:07:17 ThickAsThieves: coinbr is not an exchange

18:07:25 jurov`: coinbr does not touch fiat

18:07:27 stephengandel: ok on mpeX

18:07:30 ThickAsThieves: them either

18:07:31 mike_c: Buy 0.1 BTC for $110. Buy two P110T for 0.09 BTC. price drops to 500. Excercise for .24 btc. total btc is now 0.25 btc worth $125. go party with $15 gain.

18:07:32 jurov`: mpex either

18:07:45 ThickAsThieves: you want coinbase or campbx or mtgox or bitstamp

18:07:46 ThickAsThieves: etc

18:07:48 jurov`: you neex fiat-to-bitcoin exchange, like mtgox

18:07:56 ThickAsThieves: etc

18:08:29 stephengandel: yes, that's my point. since all of this will be done in bitcoins, when I exchange back, won't I lose money, but maybe I have this wrong?

18:08:36 Namworld: Is it me or is the breakeven on calls in the 15000+ USD/BTC?

18:08:44 mike_c: see my example.

18:08:51 mike_c: you make $15

18:09:08 ThickAsThieves: do it 100 times and you make $1500 :)

18:09:19 ThickAsThieves: less exchange fees

18:09:33 ThickAsThieves: typically in the 1% range

18:09:42 stephengandel: OK.

18:09:46 jurov`: yes. in your example you will get *$60 worth of bitcoins*

18:09:53 assbot: [HAVELOCK] [NEOBEE] 45 @ 0.00322253 = 0.145 BTC [+] {3}

18:10:20 ThickAsThieves: gotta say though, be careful shorting bitcoin...

18:10:23 jurov`: such small amount is best to sell to colleague or so

18:11:04 jurov`: and buying too, jusr meet some bitcoin anthusiast and buy by cash

18:11:14 jurov`: *enthusiast.. kbd fail

18:11:18 mike_c: agree with ThickAsThieves. while we had this conversation it went up another 1% :)

18:11:39 thestringpuller: hey jurov` you get the pm?

18:11:55 assbot: [HAVELOCK] [NEOBEE] 230 @ 0.00323999 = 0.7452 BTC [+] {2}

18:12:13 jurov`: thestringpuller: a bit of patience, maybe>

18:12:16 jurov`: ?

18:12:32 thestringpuller: no the link i sent last night

18:12:35 thestringpuller: nm pm

18:15:23 stephengandel: But mike

18:15:42 iamnot_: whatever happened to XBOND? I don?t see it on Havelock anymore...

18:15:51 pankkake: iamnot_: recalled :(

18:15:52 mike_c: scam!

18:15:58 mike_c: (j/k)

18:16:06 stephengandel: mike_c, if I just do one contract. I lose money, right? Because I was sitting with bitcoins, or because of the leverage? Maybe both?

18:16:29 mike_c: right, if you are shorting you want to only buy as many bitcoins as it takes to buy the number of options you want

18:16:40 mike_c: otherwise you are exposed with the leftover btc

18:17:00 assbot: [HAVELOCK] [NEOBEE] 47 @ 0.00323999 = 0.1523 BTC [+] {2}

18:17:11 iamnot_: pankkake: ?recalled? sounds bad. does that mean TAT bought back everyone?s bonds?

18:17:14 jurov`: so, fund the account just to buy 3 options. problem solved

18:17:53 jurov`: you will invest 3*$49 equivalent, you will get back (if $500) 3*$60 equivalent

18:18:02 assbot: [HAVELOCK] [AM1] 6 @ 0.33000024 = 1.98 BTC [-] {3}

18:18:04 pankkake: iamnot_: yes. but it's not bad, anyone buying it at ip(v)o benifited heavily from divs + early 105% recall

18:18:09 stephengandel: And if I buy two contracts and instead the price goes up by 54% or to $1694, then I lose what?

18:18:22 stephengandel: Just what it cost me to buy the puts or more?

18:18:33 jurov`: everything. the option becomes worthless.

18:18:33 mike_c: your options expire worthless, so you just lose what you paid.

18:18:50 iamnot_: pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along.

18:19:02 assbot: [HAVELOCK] [AM1] 1 @ 0.33 BTC [-]

18:19:13 stephengandel: I guess that's the advantage of buying a put rather than selling a call. Because if I sold a call I could lose an unlimited amount.

18:19:28 jurov`: no, you will at most lose the collateral

18:19:28 mike_c: right, selling has higher risk profile.

18:19:32 pankkake: I hope so; I have not invested elsewhere really

18:19:48 jurov`: if you wrote the option

18:19:50 stephengandel: But again, to sell a call I would have to open a MPEx account?

18:20:08 stephengandel: is wrote an option the same as selling a call?

18:20:22 jurov`: stephengandel: no, coinbr allows you to write options under the same conditions as mpex

18:20:28 mike_c: jurov`: is that true? i would expect that if the loss was higher than collateral the difference would come out of your mpex account.

18:20:35 jurov`: only thing we won't do, is to provide margin

18:20:47 jurov`: you understand the difference between collateral and margin?

18:21:04 stephengandel: Not really. How much collateral would I have to put up?

18:21:20 stephengandel: strike / spot BTCUSD + some MPEx-proprietary padding

18:21:28 jurov`: yes

18:21:50 jurov`: if the exercise requires more, that's up for MPEx to pay

18:22:10 ThickAsThieves: <iamnot_> pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along. <<<< Don't hold your breath, no one serious and not scammy enjoys providing daily divs

18:22:12 jurov`: but that would also mean bitcoin falling catastctphically

18:22:25 jurov`: so it isn't hard for mpex to buy more of them

18:22:30 stephengandel: is this what you guys use for the spot price: http://preev.com/

18:22:37 ThickAsThieves: no

18:22:40 jurov`: http://bitcoincharts.com/markets/currencies/ <this

18:22:41 ozbot: Bitcoin Charts / Markets

18:22:50 jurov`: 24h price is used

18:22:54 ThickAsThieves: $avg

18:22:55 mpexbot: ThickAsThieves: An error has occurred and has been logged. Please contact this bot's administrator for more information.

18:23:02 ThickAsThieves: whats the other way to pull it?

18:23:10 mike_c: ;;bc,24hprc

18:23:10 gribble: Error: Failed to retrieve data. Try again later.

18:23:14 ThickAsThieves: hehe

18:23:31 thestringpuller: okay we need another cross exchange

18:23:35 thestringpuller: ticker

18:23:44 thestringpuller: cause the bot isn't even quoting...

18:23:45 nubbins`: ;;ticker --market all

18:23:55 gribble: MtGox BTCUSD last: 1210.0, vol: 15442.99754919 | Bitstamp BTCUSD last: 1150.01, vol: 12582.57372365 | BTC-E BTCUSD last: 1059.9, vol: 11463.51851 | Bitfinex BTCUSD last: 1150.01, vol: 2621.40917063 | CampBX BTCUSD last: 975.55, vol: 94.01568371 | BTCChina BTCUSD last: 1126.0836, vol: 49103.04600000 | Volume-weighted last average: 1135.7963542

18:23:55 assbot: 123!

18:24:06 nubbins`: 796!

18:24:06 assbot: 123!

18:24:08 pankkake: ;;ticker --market btcavg

18:24:09 gribble: BitcoinAverage BTCUSD ticker | Best bid: 1146.52, Best ask: 1150.44, Bid-ask spread: 3.92000, Last trade: 1145.43, 24 hour volume: 42611.77, 24 hour low: None, 24 hour high: None, 24 hour vwap: 1094.27

18:24:11 ThickAsThieves: I'll IPO an indexing website

18:24:23 ThickAsThieves: at 750000btc valuation

18:24:27 thestringpuller: how would that even bring in revenue?

18:24:28 ThickAsThieves: you guys in?

18:24:32 ThickAsThieves: from the IPO

18:24:33 thestringpuller: i'm in lets do it

18:24:33 ThickAsThieves: duh

18:24:37 nubbins`: good buy, can i pre-purchase all the shares?

18:24:38 mike_c: jurov`: I don't see anywhere that you are at risk for max of collateral. not to nag, but what's your confidence on that?

18:24:48 thestringpuller: IPO it on btctco

18:25:24 pankkake: I'd just make the IPO on a BTC address

18:25:37 pankkake: tell them it's colored coins

18:25:40 ThickAsThieves: yep, itll be dutch style

18:25:41 jurov`: mike_c just do the maths. you write one P100

18:25:55 ThickAsThieves: send me coins, you get your proportion

18:26:09 assbot: [HAVELOCK] [NEOBEE] 260 @ 0.00292551 = 0.7606 BTC [-] {2}

18:26:22 jurov`: mpex asks , say, 0.91 btc collateral for it

18:26:34 jurov`: then bitcoin falls to $10

18:27:14 mike_c: derp. got it.

18:27:16 jurov`: and you exercise, getting 90 BTC

18:27:19 stephengandel: prices appear to have disappeared on mpex

18:27:39 thestringpuller: stephengandel: bot isn't quoting due to broken pipes

18:27:48 ThickAsThieves: the data source for the spot price is down

18:27:54 thestringpuller: yea

18:27:56 ThickAsThieves: so the bot pulled its orders

18:28:49 thestringpuller: the weightedprice is going up tho so good time for calls

18:29:46 mike_c: ThickAsThieves: sentiment is moving against you. http://bitbet.us/bet/519/btc-network-difficulty-to-top-1b-before-2014/

18:29:54 ThickAsThieves: obv

18:30:07 ThickAsThieves: ;;nethash

18:30:08 gribble: 6400549.04237

18:30:13 ThickAsThieves: ;;estimate

18:30:13 gribble: Next difficulty estimate | 872182330.638 based on data since last change | 894132728.373 based on data for last three days

18:30:23 ThickAsThieves: ;;bcstats

18:30:25 pankkake: don't worry, BFL will save you!

18:30:26 gribble: Current Blocks: 273061 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1114 blocks | Next Difficulty In About: 6 days, 5 hours, 21 minutes, and 47 seconds | Next Difficulty Estimate: 872182330.638 | Estimated Percent Change: 23.29264

18:30:52 thestringpuller: wow one more 23% change and it's on

18:31:11 ThickAsThieves: well the next change might only need to be 13%

18:31:17 iamnot_: ThickAsThieves: Graet and Ukyo loans paid daily dividends. Do you know if those are still around in the form of direct shares?

18:31:27 ThickAsThieves: haha

18:31:30 pankkake: they are kinda defaulting

18:31:38 zoinky: are they?

18:31:47 pankkake: well, not sure yet

18:31:55 ThickAsThieves: well Graet.loan was largely debt consolidation

18:31:56 pankkake: but for sure you can't redeem right now

18:31:59 ThickAsThieves: so good luck with that one

18:32:11 ThickAsThieves: and Ukyo.loan is in limbo

18:32:17 iamnot_: thanks for the heads up. i will read up on them.

18:32:18 ThickAsThieves: for about a month+

18:32:21 thestringpuller: ThickAsThieves is the only one to have large debt repaid

18:32:22 zoinky: havent been keeping up to date with them

18:32:26 zoinky: since i walked away

18:32:28 thestringpuller: well and namworld

18:32:31 pankkake: Namworld too

18:32:38 ThickAsThieves: Namworld is not fully paid

18:32:45 zoinky: nuts

18:33:02 pankkake: :/

18:34:05 ThickAsThieves: if the next diff is 89, then that means about 830 more TH will push me to lose

18:34:14 ThickAsThieves: well mor ethan that

18:34:21 ThickAsThieves: depends on depeloyment rate

18:34:28 ThickAsThieves: deployment*

18:34:57 ThickAsThieves: about 1400TH was added so far in this diff period

18:34:58 mike_c: how many erupters is that?

18:35:02 ThickAsThieves: lol

18:35:06 ThickAsThieves: usb erupters?

18:35:08 ThickAsThieves: :)

18:35:20 ThickAsThieves: I think the AM cubes are like 30GH?

18:35:28 mike_c: wow, 1400t this period. crazy.

18:35:30 ThickAsThieves: they have about 3000 left to sell i think

18:35:51 thestringpuller: damn son

18:35:54 ThickAsThieves: so not even a dent

18:36:23 Ukyo: [12:34] <Ukyo> due to the situation with weex, i stopped issueing dividends on the loan for now. I am setting up a seperate claim/management system where users will either a. begin to get daily divs again, or b. be able to get all missed divs with payoff

18:36:54 nubbins`: weex 4 prez

18:36:55 ThickAsThieves: i assume back divs are paid in either case

18:37:21 thestringpuller: So Ukyo isn't defaulting....

18:37:26 ThickAsThieves: oh, they are locked in Weex

18:37:55 ThickAsThieves: the repayment rate is unknown though

18:38:01 thestringpuller: lololol

18:38:29 ThickAsThieves: wasnt meant to be a joke

18:38:34 ThickAsThieves: just a factor

18:39:13 thestringpuller: http://i.imgur.com/STdRfL5.png

18:39:48 mike_c: ^ hah! awesome

18:39:50 ThickAsThieves: hehe

18:40:33 pankkake: you should be ashamed to have that first link in purple though

18:41:11 ThickAsThieves: I get one of these per month: "I have been studying your website and funds but I don't see information on how to invest in those funds. Is there information posted that tells how to invest in the funds?"

18:41:18 ThickAsThieves: uhh

18:41:23 ThickAsThieves: so you were viewing Havelock

18:41:28 ThickAsThieves: and couldnt figure out what to do?

18:42:25 assbot: [HAVELOCK] [COG] 3 @ 0.05699979 = 0.171 BTC [-]

18:43:26 assbot: [HAVELOCK] [COG] 2 @ 0.05699979 = 0.114 BTC [-]

18:43:27 assbot: [HAVELOCK] [NEOBEE] 597 @ 0.00302999 = 1.8089 BTC [-] {3}

18:43:57 thestringpuller: lemme guess from the forums?

18:44:27 assbot: [HAVELOCK] [COG] 4 @ 0.05699979 = 0.228 BTC [-] {3}

18:45:33 nubbins`: STEVIE

18:46:02 ThickAsThieves: no thats email

18:46:18 mod6: ;;bc,stats

18:46:21 gribble: Current Blocks: 273064 | Current Difficulty: 7.074082830514966E8 | Next Difficulty At Block: 274175 | Next Difficulty In: 1111 blocks | Next Difficulty In About: 6 days, 3 hours, 18 minutes, and 53 seconds | Next Difficulty Estimate: 873500484.877 | Estimated Percent Change: 23.47897

18:48:16 nubbins`: we printed some nice garment tags on some linen the other day

18:49:18 nubbins`: http://imgur.com/pYS9z0W

18:49:18 ozbot: imgur: the simple image sharer

18:50:04 pankkake: that looks like an inverted black cock?

18:50:09 thestringpuller: nubbins`: that's my name don't wear it out :P

18:50:21 pankkake: dumb me, it's named black hen

18:50:38 nubbins`: ;)

18:50:41 nubbins`: to both of you

18:50:45 ThickAsThieves: neat, have you ever worked with dye-sublimation?

18:50:58 nubbins`: nope, not set up for that atm

18:51:00 ThickAsThieves: I used to run and maintain ESTAT machines

18:51:08 ThickAsThieves: then moved to Mimaki

18:51:12 ThickAsThieves: and solvent too

18:51:37 nubbins`: we don't have the ventilation for solvent inks 8)

18:51:44 nubbins`: some day

18:52:27 ThickAsThieves: i still prefer screen-printed stuff anyway

18:52:32 nubbins`: nod

18:52:36 ThickAsThieves: it's the teen punk in me

18:52:38 nubbins`: you can get additives for printing on polyester

18:52:46 nubbins`: so the ink doesn't migrate

18:53:12 thestringpuller: ThickAsThieves: grinds every rail ever

18:53:25 ThickAsThieves: i never skated

18:53:29 nubbins`: nah

18:53:30 ThickAsThieves: i was too cool for that shit

18:53:34 nubbins`: bet you were pretty good at tony hawk, tho

18:53:36 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00302 = 0.151 BTC [-]

18:53:44 ThickAsThieves: nope, mario kart

18:53:51 jamespeerless: anyone know how my bet weight works if I bet multiple times on same bet?

18:53:54 nubbins`: heh, i've been playing lots of mario kart wii lately

18:54:06 nubbins`: couple weeks ago my wife and i ate a bunch of acid and played it for hours

18:54:08 ThickAsThieves: i was too busy rocking out to skate anyway

18:54:12 nubbins`: really intense

18:54:34 pankkake: jamespeerless: it will have a new, lower weight

18:54:37 assbot: [HAVELOCK] [NEOBEE] 331 @ 0.00302 = 0.9996 BTC [-]

18:54:41 kakobrekla: jamespeerless new bets will appear seperatley

18:54:49 kakobrekla: payout is merged

18:54:57 kakobrekla: in a single tx

18:55:05 nubbins`: ThickAsThieves: ever listened to Metz? you might like em

18:55:13 jamespeerless: so they're basically independent? and then it just adds the payouts together

18:55:48 ThickAsThieves: i havent nubbins, will check em out

18:55:50 kakobrekla: they are independed bets yes , but if you win you will get 1 tx only

18:55:59 jamespeerless: k

18:56:01 kakobrekla: to account for all of them

18:56:21 nubbins`: http://www.youtube.com/watch?v=krGDNbT4CSE

18:56:22 ozbot: METZ - Wet Blanket [OFFICIAL VIDEO] - YouTube

18:57:40 assbot: [HAVELOCK] [NEOBEE] 134 @ 0.0030225 = 0.405 BTC [+] {2}

18:58:34 KRS|gotyawallet: Wow..this is sobering http://www.offgridminds.com/misinformation-blog/2013/12/1/bitcoin-rise-to-the-dead-end.html

19:01:13 jurov`: ;;market sell 1000

19:01:13 gribble: A market order to sell 1000 bitcoins right now would net 1200802.9202 USD and would take the last price down to 1200.0200 USD, resulting in an average price of 1200.8029 USD/BTC. | Data vintage: 0.0629 seconds

19:01:29 pankkake: isn't it named misinformation-blog?

19:01:38 jurov`: KRS|gotyawallet: ^ here is the answer

19:01:54 jurov`: and it won't be much different at $10k

19:01:56 nubbins`: he seems to be operating under the assumption that exchanges aren't a place where buyers and sellers meet

19:02:04 chaang-noi: ch0000 ch0000!

19:02:43 nubbins`: i mean, in order to convert x btc into $50m, other users have to put that $50m into the exchange

19:02:53 jurov`: ;;market sell 10000

19:02:53 KRS|gotyawallet: idk

19:02:53 gribble: A market order to sell 10000 bitcoins right now would net 10975877.1390 USD and would take the last price down to 960.6000 USD, resulting in an average price of 1097.5877 USD/BTC. | Data vintage: 98.6026 seconds

19:02:55 nubbins`: because if they don't, the seller doesn't have any buyers

19:02:59 nubbins`: or am i missing something

19:03:10 KRS|gotyawallet: i think

19:03:27 KRS|gotyawallet: thats the main point of the article, nubbins..as i read it

19:03:31 nubbins`: this guy seems to think that each time you buy 1 btc, it's the exchange that had them and is selling to you

19:03:57 KRS|gotyawallet: more like ;;market sell 140000

19:04:03 ThickAsThieves: that seems to have trouble forming coherent sentences and concepts

19:04:05 KRS|gotyawallet: ;;market sell 140000

19:04:06 gribble: A market order to sell 140000 bitcoins right now would net 36115590.7219 USD and would take the last price down to 8.9066 USD, resulting in an average price of 257.9685 USD/BTC. | Data vintage: 171.1354 seconds

19:04:09 nubbins`: "Where would the exchanges ... get 10 million dollars?"

19:04:13 ThickAsThieves: guy*

19:04:13 KRS|gotyawallet: ooofuh

19:04:14 nubbins`: from the people buying the btc

19:04:18 nubbins`: what a fuckin dummy

19:04:53 nubbins`: haha, first comment.

19:04:53 pankkake: he must think bitcoins are "backed" by things

19:05:23 ThickAsThieves: I thought he was gonna make a decent point,

19:05:37 pankkake: gold bug? not that there's anything wrong with that

19:05:45 ThickAsThieves: that in the regulated world such providers must have a lot of their own capital

19:05:48 assbot: [HAVELOCK] [NEOBEE] 126 @ 0.0030225 = 0.3808 BTC [+]

19:05:58 ThickAsThieves: this would help with losses caused by the exhcnage

19:06:02 ThickAsThieves: errors, hacks, etc

19:07:17 nubbins`: luckily, here in btc-land, exchanges don't need to cover shit, because fuck it

19:08:04 pankkake: history of bitcoin tells us you can lose up to 90% of your bitcoins a year and still be a winner!

19:08:23 nubbins`: it's true, i lost my shirt twice and i'm still laughing

19:08:33 pankkake: you just printed it again

19:08:36 nubbins`: ^

19:08:45 KRS|gotyawallet: point #1, big chunks of btc are moving around after being dormant since apr 2013 (our last all time high), point #2 one of these "chunks" of btc could market-sell 140,000 btc down to $8.

19:09:07 pankkake: yeah, but for how long?

19:09:12 nubbins`: okay, but why would you chase the price all the way down to $8?

19:09:23 nubbins`: rather than cashing out slowly to maximize profit

19:09:29 KRS|gotyawallet: right

19:09:35 nubbins`: i mean, i know we're all irrational actors

19:09:39 nubbins`: but there are limits to the insanity

19:09:44 KRS|gotyawallet: or give up your position alltogether?

19:09:54 KRS|gotyawallet: if YOU have the btc, OTHERS dont

19:09:56 benkay: ;;market sell 140000

19:09:57 gribble: A market order to sell 140000 bitcoins right now would net 36138416.0754 USD and would take the last price down to 8.9066 USD, resulting in an average price of 258.1315 USD/BTC. | Data vintage: 187.7440 seconds

19:10:09 pankkake: that's only on mtgox too

19:10:23 pankkake: but I'm sure many people would come to get those bitcoins

19:10:39 KRS|gotyawallet: the article questions..why are these big chunks moving at all? maybe because people are realizing they are there and to shuffle them around a bit? idk

19:10:45 nubbins`: when you win the lotto, you can get a lump sum payment of much lesser value, or you can get yearly/monthly payments that total a greater amount

19:11:01 nubbins`: this is similar to a whale cashing out btc

19:11:07 nubbins`: he can take all at once

19:11:12 nubbins`: and get much less

19:11:18 nubbins`: or he can spread it over months/years

19:11:21 nubbins`: and get much more

19:11:24 KRS|gotyawallet: I think so too..the most positive article I read is how countries like china and countries in africa will be hoarding them because they are a perfect financial vessle for financial freedom

19:11:43 nubbins`: heh, thought you said "countries like africa" for a moment

19:12:02 KRS|gotyawallet: haha a lot of people do

19:12:29 benkay: ;;ticker

19:12:30 gribble: MtGox BTCUSD ticker | Best bid: 1216.0, Best ask: 1222.0, Bid-ask spread: 6.00000, Last trade: 1215.99001, 24 hour volume: 15013.43553127, 24 hour low: 1131.72718, 24 hour high: 1225.0, 24 hour vwap: 1177.82055

19:14:57 assbot: [HAVELOCK] [NEOBEE] 260 @ 0.00293127 = 0.7621 BTC [-] {2}

19:15:58 assbot: [HAVELOCK] [NEOBEE] 430 @ 0.00293005 = 1.2599 BTC [-] {3}

19:16:59 assbot: [HAVELOCK] [NEOBEE] 172 @ 0.00292658 = 0.5034 BTC [-] {2}

19:17:20 Vexual: nubbins, try a hotter oven re:sourdough

19:19:22 KRS|gotyawallet: This was the most positive article about bitcoin I think I ever read, and it just came out

19:19:22 KRS|gotyawallet: http://www.forbes.com/sites/quora/2013/12/03/what-is-beijings-rationale-for-promoting-bitcoin/

19:19:23 ozbot: What Is Beijing's Rationale For Promoting Bitcoin? - Forbes

19:20:02 assbot: [HAVELOCK] [NEOBEE] 2466 @ 0.00291761 = 7.1948 BTC [-] {6}

19:20:47 ThickAsThieves: "China’s economy is too slanted"

19:21:02 Vexual: thats racist

19:21:05 ThickAsThieves: hehe

19:21:14 ThickAsThieves: he's Chinese, it's ok

19:21:56 KRS|gotyawallet: HAHA

19:22:14 pankkake: > referring to countries by their capital

19:22:31 Namworld: America is a country apparently. Black people are African-american. Then Africa must be a country too!

19:22:39 Namworld: re nubbins/KRS

19:22:41 Vexual: what about "China does tech, it's what they do."

19:26:08 assbot: [HAVELOCK] [NEOBEE] 249 @ 0.00300909 = 0.7493 BTC [+] {2}

19:26:09 assbot: [HAVELOCK] [AM1] 25 @ 0.34634842 = 8.6587 BTC [+] {11}

19:26:18 KRS|gotyawallet: right, but they need financial freedom and btc gives them that

19:26:45 KRS|gotyawallet: Namworld I didnt think of that. I should tell my black friend he too must be a country..hmm.

19:27:02 nubbins`: Vexual: it's already at 450, :(

19:27:10 assbot: [HAVELOCK] [NEOBEE] 118 @ 0.003 = 0.354 BTC [-]

19:27:24 nubbins`: Namworld: America isn't a country

19:27:30 nubbins`: you must mean the united states of america

19:27:31 Namworld: I know...

19:27:31 KRS|gotyawallet: What about Somalia

19:27:37 kakobrekla: i hear dat.

19:27:56 nubbins`: anyway, i think "african-american" is a silly phrase

19:28:08 nubbins`: nobody says "african-canadian" here

19:28:31 jurov`: stfu, you have french-canadians

19:28:34 KRS|gotyawallet: America needed something to divert attention from the word Nigger which worked fine for me..Worked fine for them so why not.

19:28:44 Vexual: nubbins, perhaps less fisting b4 the first rise?

19:28:45 nubbins`: jurov`: they speak french!

19:29:00 jurov`: oui?

19:29:03 nubbins`: Vexual: i was worried about not kneading enough

19:29:18 Vexual: you can push it past that peak eleasticity

19:29:18 nubbins`: french-canadians = french-speaking canadians

19:29:30 nubbins`: you can be goddamn sure that they're not identifying with the country of france

19:29:52 jurov`: but it's a term

19:30:17 nubbins`: i knead for about 10 minutes, bowl and cover, punch down and form loaves after 4-6 hours, proof in the pans for another 4-6 hours, then bake

19:30:19 jurov`: i'm not implying that afroamericans speak african

19:30:28 nubbins`: sure

19:30:33 nubbins`: it's just a silly term

19:30:36 jurov`: maybe you don't kned hard/long anough?

19:30:37 Vexual: got a doughmixer?

19:30:42 nubbins`: no mixer

19:30:47 nubbins`: all hand work

19:30:51 jurov`: it needs to start resisting

19:31:21 nubbins`: see, it rises fine, just not in the oven

19:31:37 Vexual: try a batch of smaller laves with different kneads to troubleshoot

19:31:45 nubbins`: hmm, yeah

19:32:06 nubbins`: i tried adding a bit more water this time, no difference

19:32:14 assbot: [HAVELOCK] [NEOBEE] 106 @ 0.0030091 = 0.319 BTC [+] {2}

19:32:15 assbot: [HAVELOCK] [AM1] 3 @ 0.34878314 = 1.0463 BTC [+] {2}

19:32:17 nubbins`: although the crumb *is* a bit nicer

19:32:56 nubbins`: jurov`: maybe it's just me, but i think it's a bit silly to call yourself african-anything if you were born in north america

19:33:00 nubbins`: like

19:33:02 Vexual: you could cheat and chuck some more yeast in

19:33:08 nubbins`: i'm not irish-canadian or british-canadian

19:33:21 nubbins`: i was born here

19:33:24 nubbins`: i'm just canadian

19:33:26 jurov`: nope, you're eurocanadian

19:33:32 jurov`: :DDDD

19:33:36 nubbins`: european-canadian

19:33:36 Vexual: trasheh?

19:33:42 KRS|gotyawallet: Cheers, we are all millionaires http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12

19:33:50 nubbins`: Vexual: i can't bring myself to add store yeast

19:33:50 KRS|gotyawallet: meh

19:34:05 nubbins`: the flavor is just too good as it is

19:34:06 jurov`: what about bitbetting the meeeelion?

19:34:13 jurov`: would you?

19:34:19 nubbins`: srsly, today's loaves are SO GODDAMN SOUR

19:34:25 KRS|gotyawallet: We should all meet in Prague for food and feast..Prague has the women and leet secks too.

19:34:27 nubbins`: i just had a tuna sandwich

19:34:30 nubbins`: and i was in ecstasy

19:35:17 nubbins`: honestly, i'm more than a bit surprised that i haven't managed to kill my starter yet

19:36:11 Vexual: The party is going after corruption among Chinese officials. Even though the party needs to clean up, it needs to give its own members an exit plan, as too much prosecution would make the people think that the party is completely corrupt.

19:36:23 Vexual: Not chinese, just very stoned

19:36:43 jurov`: The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange, the report said.

19:36:47 jurov`: roflol

19:37:20 nubbins`: "showing everyone that the party is completely corrupt would make people think the party is completely corrupt"

19:37:32 nubbins`: i can see why the party wouldn't want that

19:37:33 nubbins`: lel

19:39:21 assbot: [HAVELOCK] [VTX] 25 @ 0.15017479 = 3.7544 BTC [-] {6}

19:40:22 assbot: [HAVELOCK] [AM1] 2 @ 0.34878472 = 0.6976 BTC [+]

19:42:24 assbot: [HAVELOCK] [HMF] 4 @ 0.02592 = 0.1037 BTC [+]

19:42:38 stephengandel: Hi. Had to leave for a bit. Do the prices on mpex go down a lot?

19:43:37 stephengandel: jurov, you still here?

19:43:41 Vexual: basement; ladies underwear

19:43:41 ThickAsThieves: if you are referring to options, they premium has been generally very high since last Summer

19:44:12 stephengandel: Sorry, not go down as in price, but not available, as in right now?

19:44:15 ThickAsThieves: of course the rise from 150 to 1200 cerrtainly presented opportunity to profit

19:44:19 Vexual: https://js.gg/bitcoin-becoming-a-standard-part-of-lawsuit-discovery-requests/

19:44:19 ThickAsThieves: ah

19:44:20 ozbot: Bitcoin becoming a standard part of lawsuit discovery requests | Jeff Steinport

19:44:25 ThickAsThieves: yes it does

19:45:26 stephengandel: And the collateral I would have to post to sell a $500 call would be .45 of a bitcoin?

19:45:37 ThickAsThieves: Vexual, bitcoin will be great for divorces

19:45:37 ThickAsThieves: hehe

19:45:50 stephengandel: strike / spot BTCUSD + some MPEx-proprietary padding.

19:46:10 stephengandel: or $495

19:46:18 ThickAsThieves: i dont know that one, i assume the collateral is the full value

19:46:20 ThickAsThieves: .1

19:46:44 ThickAsThieves: but you need to ask someone else for sure

19:47:04 asciilifeform: simple test of your security arrangements. if your PC were to fall into enemy hands, would he know how much BTC you have? (or where.)

19:47:09 jurov`: stephengandel: the info on the forum is obsolete, as the lot changed from 1BTC into 0.1BTC

19:47:15 asciilifeform: if the answer is yes, consider it to already belong to the enemy.

19:47:22 jurov`: so just divide the collateral by 10

19:48:07 asciilifeform: why do you suppose the 'legit' exchanges want your government id? precisely to simplify confiscation.

19:48:24 asciilifeform: 'aha, you bought 100btc. where is it now? we have this here soldering iron, and you have an arse...'

19:48:30 stephengandel: OK. So only 0.045 of a bitcoing. And it says the last price on a call for 050 is 0.05232243. So that's what someone would pay me if I could write a call?

19:49:02 Vexual: TAT, there might be a market for some satoshi dust for petty jilted lovers

19:49:14 jurov`: oh and people, i'm still searching a decent writer to put the stuff together.. there really isn't anyone who can make the time for some btc?

19:50:11 jurov`: stephengandel: if you actually sell that for 0.05m, you'll be damned lucky

19:50:19 Vexual: tehcneciel riting? i canod et

19:50:46 stephengandel: OK. but the collateral piece is right. Only 0.045. That seems doable.

19:50:48 jurov`: it needs not be technical.. just that poor fortune redactor can inderstand it

19:52:32 stephengandel: You're trying to pay freelance writers in bitcoins. Is that what you are saying?

19:52:51 stephengandel: If I took that contract I would have to hedge, right?

19:53:06 stephengandel: How do I do that? Just kidding.

19:53:16 jurov`: hedge what?

19:53:20 Vexual: tounge in cheek? eds and sics?

19:54:35 nubbins`: asciilifeform: the real rub is that the soldering iron can create new arses

19:54:36 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.003 = 0.15 BTC [-]

19:54:57 nubbins`: the obvious defence is to say you lost it all on asicminer shares.

19:55:20 stephengandel: I could open a bitcoin account on coinbr for 0.1 and then if I could get someone to take it write a call option. Right? Sounds like 0.1 is enough collateral.

19:56:38 jurov`: yes, should be (also depending on which option you want)

19:58:23 stephengandel: Do you have any idea how much I would make if I sold a call and bitcoins went to $500. I don't know how to do that math.

19:58:56 nubbins`: at the risk of being cheeky, you might wish to learn the math before you start moving money around :)

19:59:15 nubbins`: although i guess that's one of the reasons why you're here, hey?

19:59:34 stephengandel: Yes. Call option pricing more than just regular math

19:59:44 ThickAsThieves: to add to the cheekiness, are suuuuure you wanna bet on BTC falling that much?

19:59:50 nubbins`: heh

19:59:56 ThickAsThieves: and then who's gonna buy your call?

20:00:02 nubbins`: i don't bet anymore, or even invest

20:00:03 nubbins`: i just hold

20:00:12 stephengandel: But was able to figure out put price so half way there.

20:00:33 stephengandel: Is that the same with the put, or do you think I would find someone that would sell me a put with 1100 strike price

20:00:48 nubbins`: #bitcoin-assets: cheekier than an ass calendar

20:00:54 KRS|gotyawallet: heh

20:01:16 stephengandel: If I wanted to buy that contract. I think so, right seems like I would be paying a lot for it

20:03:05 jurov`: stephengandel: what about if i sell you P110Ts at 0.0033 per?

20:03:22 jurov`: you can buy 3 of them for 0.1

20:03:46 jurov`: and once on coinbr account, you'll be free to odo with them as you please

20:04:12 ThickAsThieves: nice

20:04:54 jurov`: *er.. fix: 0.033

20:11:38 stephengandel: so you are saying I could get a better price than the 0.045 we were talking about before?

20:11:58 jurov`: yes. instead of the bot, i will write the options and sell to you

20:11:58 stephengandel: So the prices on mpex aren't real?

20:12:20 jurov`: there's a bot a marketmaker, and her prices are real

20:12:30 jurov`: but anyone can offer other price

20:12:40 jurov`: also real

20:12:53 stephengandel: And I could get a better price from you?

20:12:54 kakobrekla: is this real life?

20:13:09 stephengandel: What's the price if I wanted to sell the 050 call?

20:13:18 stephengandel: I guess what would you pay me?

20:13:44 stephengandel: Still don't understand how to figure out what that would be worth if the price of a bitcoin drops

20:13:47 ThickAsThieves: kakobrekla, no this is IRC

20:14:26 ThickAsThieves: just take the value you want it to settle at

20:14:32 ThickAsThieves: and subract your premium

20:16:00 jurov`: current intrinsic value of C050 is about $650 = B0.565

20:16:24 jurov`: oh sry that would be for 10 of them

20:16:34 jurov`: one is B0.0565

20:17:16 jurov`: mhm...i'd pay 0.06. i'm not so sure it will go up so much.

20:18:17 pankkake: IRC is real life to me. the world outside is useless and boring

20:18:40 pankkake: "and then who's gonna buy your call?" ghostbusters?

20:19:22 jurov`: no i'll exercise it

20:24:46 Vexual: megabyte blocks everywhere

20:25:23 pankkake: scammers mixing coins!

20:25:43 jurov`: mircea_popescu mia or just lurking and having fun?

20:30:11 assbot: [HAVELOCK] [NEOBEE] 126 @ 0.00282733 = 0.3562 BTC [-] {7}

20:48:29 assbot: [HAVELOCK] [NEOBEE] 95 @ 0.00260466 = 0.2474 BTC [-] {5}

20:50:31 assbot: [HAVELOCK] [CBTC] 1098 @ 0.00011989 = 0.1316 BTC [+] {2}

21:01:42 assbot: [HAVELOCK] [HMF] 14 @ 0.02590714 = 0.3627 BTC [-] {5}

21:06:47 assbot: [HAVELOCK] [HMF] 11 @ 0.02580909 = 0.2839 BTC [-] {2}

21:07:48 assbot: [HAVELOCK] [HMF] 24 @ 0.02289291 = 0.5494 BTC [-] {6}

21:10:56 Namworld: wanted to buy that contract. I think so, right seems like I would be paying a lot for it

21:10:56 Namworld: [15:03] <jurov`> stephengandel: what about if i sell you P110Ts at 0.0033 per?

21:10:56 Namworld: [15:03] <jurov`> you can buy 3 of them for 0.1

21:10:56 Namworld: [15:03] <jurov`> and once on coinbr account, you'll be free to odo with them as you please

21:10:56 Namworld: [15:04] <ThickAsThieves> nice

21:10:57 Namworld: [15:04] <jurov`> *er.. fix: 0.033

21:11:06 Namworld: what?

21:11:14 stephengandel: hey, jurov, the fee for buying a put is 1%. Is that for buying and sell?

21:11:20 Namworld: Arg, stupid mIRC

21:12:00 stephengandel: Meaning I would pay 1% of my 0.1 when I buy and 1% of what it is worth when I exercize the contract if I do.

21:12:04 Namworld: this not be right at all. Why did it put that in the clipboard

21:12:24 stephengandel: Or is it just the 1% when I buy the put

21:13:31 Namworld: darn

21:13:50 TomServo: Namworld: I assume you're aware highlighting copies to clipboard?

21:13:55 Namworld: Yes

21:14:05 Namworld: I don't think I ever highlighted that part

21:14:13 ThickAsThieves: lies

21:14:20 Namworld: Obviously

21:14:47 Namworld: Human errors > computer errors by quite a large margin.

21:15:27 Namworld: Sometimes I miscopy something and paste an old clipboard item instead. mIRC sends all lines at once when pasting...

21:15:38 Namworld: I've just changed my settings so it ask before sending multiple lines

21:15:46 Namworld: That way I should be able to review

21:19:00 assbot: [HAVELOCK] [CFIG] 1 @ 0.101 BTC [-]

21:24:04 assbot: [HAVELOCK] [NEOBEE] 49 @ 0.002681 = 0.1314 BTC [+]

21:32:12 assbot: [HAVELOCK] [NEOBEE] 208 @ 0.002681 = 0.5576 BTC [+]

21:33:13 assbot: [HAVELOCK] [NEOBEE] 51 @ 0.00289985 = 0.1479 BTC [+] {4}

21:34:14 assbot: [HAVELOCK] [NEOBEE] 444 @ 0.00299728 = 1.3308 BTC [+] {2}

21:35:15 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0029975 = 0.1499 BTC [+]

21:36:16 assbot: [HAVELOCK] [NEOBEE] 131 @ 0.0029975 = 0.3927 BTC [+]

21:39:31 thestringpuller: mm

21:41:21 assbot: [HAVELOCK] [NEOBEE] 83 @ 0.0029975 = 0.2488 BTC [+]

21:49:38 jurov`: <stephengandel> hey, jurov, the fee for buying a put is 1%. Is that for buying and sell?

21:49:53 jurov`: ^^ from where you got this?

21:50:13 jurov`: CoinBr has 0.5% both for buying and selling

21:55:35 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.00299 = 0.1495 BTC [-]

21:57:41 stephengandel: hi, does anyone remember if we were talking before about buying puts contracts with a strike price of 65 or 80. Thanks.

21:58:22 stephengandel: i lost the feed from earlier

21:58:38 assbot: [HAVELOCK] [AM1] 1 @ 0.349499 BTC [+]

21:59:22 stephengandel: no wait. I remember it was 1100. never mind. Thanks.

21:59:26 nubbins`: stephengandel: just search via log.bitcoin-assets.com

21:59:39 assbot: [HAVELOCK] [AM100] 45 @ 0.0033 = 0.1485 BTC [+]

21:59:40 assbot: [HAVELOCK] [AM1] [PAID] 27.55189305 BTC to 13`849 shares, 198945 satoshi per share

21:59:53 stephengandel: how do I do that?

22:00:00 stephengandel: the search?

22:00:07 nubbins`: yeah, it's a website, just ctrl-f :)

22:00:28 nubbins`: or command-f, even

22:00:43 dub: no dont command-f

22:00:53 dub: thats for lames

22:01:59 nubbins`: mildly annoying, X11 apps require control-f whereas native quartz applications use command-f

22:03:43 assbot: [HAVELOCK] [AM100] [PAID] 6.28636680 BTC to 332`612 shares, 1890 satoshi per share

22:16:56 assbot: [HAVELOCK] [NEOBEE] 80 @ 0.0029975 = 0.2398 BTC [+]

22:20:00 assbot: [HAVELOCK] [NEOBEE] 762 @ 0.00300351 = 2.2887 BTC [+] {7}

22:21:18 Namworld: http://www.theguardian.com/world/video/2013/dec/04/nigerian-rescued-sunken-boat-trapped-atlantic-video

22:21:47 ThickAsThieves: holy crap

22:22:39 Namworld: 3 days in an air pocket in a sunken boat at the bottom of the atlantic... must feel lonely

22:28:13 Duffer1: o.0

22:29:24 arbon: Lonely? I'm thinking more like terrified

22:30:34 ThickAsThieves: http://www.theverge.com/2013/12/4/5175488/researchers-find-400000-year-old-human-dna-spain-oldest-found

22:30:35 ozbot: Oldest ever human DNA found in Spain, raises new questions about evolution | The Verge

22:32:11 assbot: [HAVELOCK] [VTX] 25 @ 0.1518 = 3.795 BTC [+]

22:32:49 Apocalyptic: these nigerians are resilient

22:32:58 ThickAsThieves: wow ebay fees are absurd

22:33:00 truffles: haha

22:33:14 ThickAsThieves: i havent sold there in forever

22:33:17 truffles: so u r interested in evoluation TAT

22:33:19 ThickAsThieves: they take like 10%

22:33:29 ThickAsThieves: i evolve every day

22:33:53 Apocalyptic: lulz

22:34:13 assbot: [HAVELOCK] [COG] 3 @ 0.05699969 = 0.171 BTC [+]

22:34:17 pankkake: yes, they've been slowly increasing fees over the years

22:34:38 Namworld: Like government increase taxes?

22:35:03 pankkake: well, they aren't preventing anyone to use competitors yet!

22:35:14 assbot: [HAVELOCK] [AM1] 1 @ 0.34899997 BTC [-]

22:35:25 ThickAsThieves: so what do people use instead?

22:35:28 ThickAsThieves: craigslist?

22:35:54 pankkake: I still use ebay… it has the most stuff

22:36:11 ThickAsThieves: meh

22:36:17 ThickAsThieves: fukn robbery

22:36:34 pankkake: and the most buyers too

22:36:44 pankkake: craigslist doesn't have a reputation system right?

22:36:50 deadweasel: nope

22:36:53 ThickAsThieves: well i'm a seller in this case

22:37:01 pankkake: I guess it's ok if you sell it face-to-face

22:37:06 ThickAsThieves: yeah

22:37:13 deadweasel: ThickAsThieves: what are you slinging now?

22:37:20 ThickAsThieves: nunya

22:37:30 deadweasel: i'll take 3

22:37:34 deadweasel: does it mine?

22:37:39 deadweasel: ;)

22:38:03 ThickAsThieves: heh i thought i invented nunya just now

22:38:07 ThickAsThieves: apparently not

22:38:17 assbot: [HAVELOCK] [NEOBEE] 150 @ 0.00301699 = 0.4525 BTC [+] {2}

22:38:18 ThickAsThieves: ;;ud nunya

22:38:19 gribble: http://www.urbandictionary.com/define.php?term=nunya | 2. nunya. A response to a rude question where someone is asking for personal information they are not ... Nunya is part of a burn to follow such a rude inquiry.

22:38:20 ozbot: Urban Dictionary: nunya

22:38:41 pankkake: I can sell you an abacus. It mines.

22:41:05 ThickAsThieves: https://bitcointalk.org/index.php?topic=357022.msg3827014#msg3827014 pankkake, SMG is making a Second Life?

22:41:07 ozbot: New stock on Havelock: 7C (Games on the 7th continent)

22:41:30 pankkake: I don't know, it's a MMORPG?

22:41:31 ThickAsThieves: i thought it was an mmorpg?

22:41:49 pankkake: with bitcoin economy in it? well, it seems similar enough to me

22:42:08 ThickAsThieves: now that you frame it that way i guess it is the same

22:42:11 ThickAsThieves: but better

22:42:21 ThickAsThieves: cuz you can slay monsters

22:42:30 ThickAsThieves: etc

22:42:34 pankkake: oh, right. second life is just boring

22:42:42 ThickAsThieves: yep

22:43:20 pankkake: actually, people who are into second life are really weird… not that there is anything wrong with that, but certainly not the WoW people

22:43:39 ThickAsThieves: they are mor elike Sims players

22:43:47 ThickAsThieves: which also painfully boring

22:43:55 ThickAsThieves: is

22:44:39 pankkake: sims is manipulating people, second life is being someone else

22:44:47 pankkake: (usually a transexual furry slave)

22:46:08 truffles: ha

22:46:22 truffles: what do u play?

22:46:25 assbot: [HAVELOCK] [NEOBEE] 777 @ 0.003017 = 2.3442 BTC [+]

22:46:58 pankkake: I tried SL a few years ago, played a girl with big boobs, got naked in public, and then got bored

22:47:25 pankkake: but I don't really like MMORPGs either

22:47:26 truffles: "got bored" playing a woman hmmm

22:48:33 dub: its pretty boring

22:48:50 dub: you can grind out real money from 'playing' sl though

22:48:52 truffles: never played

22:49:53 pankkake: yeah, kill something for <30min, that's my idea of a video game :D

22:49:55 Namworld: "Playing" doesn't pay. Design skins and objects for the game, sell them.

22:50:15 dub: you can get payed for just being in an area

22:50:24 ThickAsThieves: probly something Eulora will also be better at

22:50:29 assbot: [HAVELOCK] [VTX] 1 @ 0.15 BTC [-]

22:50:38 Namworld: I don't work for 0.1 cent an hour.

22:50:39 dub: since area populatrity is self fulfulling, if you have people in your area other people will come and check it out

22:50:40 pankkake: https://en.wikipedia.org/wiki/Economy_of_Second_Life#Monetary_policy hahaha

22:50:41 ozbot: Economy of Second Life - Wikipedia, the free encyclopedia

22:51:04 Namworld: Then sell the SLL on virwox for BTC!

22:51:53 dub: so people pay other people to be in their areas, but yeah bored housewives grinding out pennies for kink is probably 90% of hte userbase

22:52:52 dub: I went and checked out their in-world presence, you can buy btc inside the game too

22:53:12 pankkake: I thought they banned exchanges or something

22:53:38 Namworld: You can? Weird

22:53:38 dub: this was a couple of years ago I guess

22:54:08 dub: theres some good trolling lulz to be had in SL

22:58:47 jurov`: stephengandel: i'm going off, email to coinbr support when you make up your mind, or have questions

22:59:38 assbot: [HAVELOCK] [NEOBEE] 40 @ 0.0030173 = 0.1207 BTC [+]

23:03:44 ThickAsThieves: "Okene was strapped into diving equipment, then led to a diving bell which took him to the surface, where he spent two days in a decompression chamber. "

23:03:54 ThickAsThieves: guy had to confined 2 more days!

23:03:57 ThickAsThieves: be

23:04:02 deadweasel: best two days of his life

23:04:20 deadweasel: anticipation of life

23:05:04 truffles: or death

23:06:43 Apocalyptic: http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12

23:06:44 ozbot: Hugh Hendry Bitcoin Could Hit 1 Million - Business Insider

23:07:12 pankkake: "If I could own Bitcoin, I would" what

23:07:28 pankkake: I'll sell you one for $10000 Hugh, don't worry

23:07:33 deadweasel: that means he does.

23:07:42 pankkake: clever!

23:07:46 assbot: [HAVELOCK] [NEOBEE] 500 @ 0.0030173 = 1.5087 BTC [+]

23:07:47 assbot: [HAVELOCK] [AM1] 3 @ 0.34899998 = 1.047 BTC [+]

23:08:03 Apocalyptic: "The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange

23:08:03 Apocalyptic: ", rofl

23:08:24 deadweasel: a lot of effort into that excuse.

23:09:01 deadweasel: this Riddick 3 hdcam is awesome.

23:09:22 deadweasel: total formula flick, but good

23:10:24 kakobrekla: http://lamborghininewportbeach.blogspot.com/2013/12/we-just-sold-our-very-first-vehicle.html

23:10:25 ozbot: Lamborghini Newport Beach Blog: We just sold our very first vehicle with Bitcoin as legal tender

23:10:41 pankkake: as legal tender?

23:10:55 kakobrekla: dunno

23:10:57 kakobrekla: havent read it

23:12:28 ThickAsThieves: it's Bugpowder!

23:13:01 dub: https://twitter.com/Wu_Tang_Finance/status/408370614315925504

23:13:01 ozbot: Twitter / Wu_Tang_Finance: I WAS A TERROR SINCE THE BUSINESS ...

23:13:10 kakobrekla: i bet it went for less than my Golf

23:13:32 pankkake: makes no sense to buy a car with bitcoin, just take a fiat loan

23:13:45 pankkake: fiat, hehe!

23:13:54 kakobrekla: dont buy Fiat!

23:13:57 ThickAsThieves: buy a Fiat with bitcoin

23:14:05 dub: dont buy vw either, jesus

23:14:31 pankkake: buy a silver fiat panda

23:14:35 kakobrekla: well, twas only 500 btc ya know

23:15:19 pankkake: at least it wasn't a pizza…

23:16:15 Apocalyptic: still a pretty expensive golf

23:16:26 ThickAsThieves: 1 pizza costs 20 Teslas

23:16:28 ThickAsThieves: wacky world

23:16:37 kakobrekla: yes one of the worst deals i have done :)

23:16:55 assbot: [HAVELOCK] [AM1] 1 @ 0.3489 BTC [-]

23:17:36 dub: doesnt matter how much you pay, ending up owning a golf is bad deal

23:17:53 kakobrekla: lol ok w/e

23:18:26 dub: purchase price $1, yearly maintenance bill $1000000

23:18:34 kakobrekla: not here

23:18:46 kakobrekla: here is one of the cheapest cars to run

23:18:51 kakobrekla: and it breaks down very little

23:19:15 kakobrekla: and you can go to bosnia and back and still come back with a car in 1 piece :)

23:19:54 dub: facts be damned by golf was a peice of shit

23:20:20 kakobrekla: why the hate, did golf kill your family and rape your butt?

23:20:39 dub: vr6 rice racer model, runs hotter than the sun, every fucking part needed importing

23:21:14 kakobrekla: i think you must be stuck in some alternate reality

23:21:26 dub: burns oil faster than petrol

23:21:39 Apocalyptic: hate oil burners..

23:21:52 kakobrekla: lol

23:21:58 dub: I am stuck very fucking far from yurup which didn thelp

23:22:19 kakobrekla: doenst make them a shit car if you are in fuckin usa

23:22:34 dub: yes it DOES

23:22:37 kakobrekla: just makes you in a bad position :)

23:22:37 dub: FU

23:22:58 kakobrekla: dub got all pissy

23:23:01 assbot: [HAVELOCK] [NEOBEE] 50 @ 0.0030173 = 0.1509 BTC [+]

23:23:04 kakobrekla: do not ever again metion golf

23:23:09 pankkake: it's funny how there are almost no american cars in yurop

23:23:13 kakobrekla: words of wisdom

23:23:43 kakobrekla: pankkake cause they are retarded

23:25:09 truffles: when did it become a yurop thing..

23:25:43 pankkake: I doubt asians buy any either yeah

23:25:58 pankkake: but everyone buys their cars

23:30:08 assbot: [HAVELOCK] [NEOBEE] 2975 @ 0.00301829 = 8.9794 BTC [+] {3}

23:31:09 assbot: [HAVELOCK] [HIF] 1000 @ 0.000451 = 0.451 BTC [-]

23:32:45 pankkake: so, all current black markets are closing/closed now. we'll see if bitcoin is about drugs

23:33:08 dub: because they they make the best cars

23:33:11 assbot: [HAVELOCK] [NEOBEE] 1140 @ 0.0030184 = 3.441 BTC [+] {3}

23:37:15 assbot: [HAVELOCK] [NEOBEE] 350 @ 0.0030184 = 1.0564 BTC [+]

23:37:56 truffles: pankkake was there a major crack down?

23:38:19 pankkake: no, BMR shuts down because "they have no competition"

23:38:39 truffles: isnt that a good thing

23:38:49 pankkake: too much users to handle

23:39:02 pankkake: (and owner is probably rich enough to retire)

23:39:09 truffles: i c

23:39:23 pankkake: http://www.deepdotweb.com/2013/12/01/bmr-is-shutting-down/

23:39:24 ozbot: BMR Is Shutting Down | Deep Dot Web

23:39:36 truffles: where r all the addicts gonna turn now

23:39:46 pankkake: BMR was guns, too

23:43:03 Apocalyptic: <pankkake> no, BMR shuts down because "they have no competition" // first time i hear that justification for shutting down

23:43:33 pankkake: "This puts BMR in the edge of the blade, Tor can’t support any site to be too big"

23:44:22 assbot: [HAVELOCK] [NEOBEE] 200 @ 0.00301 = 0.602 BTC [-]

23:48:26 assbot: [HAVELOCK] [NEOBEE] 100 @ 0.00301 = 0.301 BTC [-]

23:49:27 assbot: [HAVELOCK] [VTX] 2 @ 0.14110003 = 0.2822 BTC [-]

23:50:29 assbot: [HAVELOCK] [HMF] 11 @ 0.02499727 = 0.275 BTC [+] {3}

23:56:24 dub: its the gox doctrine

23:56:36 dub: 'we suck because we're so popular'

23:57:40 Apocalyptic: true