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Transcript for 16-03-2014, 1162 lines:

00:02:41 assbot: [HAVELOCK] [PETA] 5 @ 0.0695 = 0.3475 BTC [+]

00:08:47 assbot: [MPEX] [S.MPOE] 10000 @ 0.0008022 = 8.022 BTC [-]

00:20:59 assbot: [HAVELOCK] [SFI] 1111 @ 0.00088977 = 0.9885 BTC [+] {8}

00:34:12 assbot: [HAVELOCK] [B.MINE] 29 @ 0.05282757 = 1.532 BTC [+] {4}

00:36:14 assbot: [HAVELOCK] [B.MINE] 10 @ 0.05395555 = 0.5396 BTC [+] {4}

00:36:15 assbot: [HAVELOCK] [B.SELL] 4 @ 0.06700004 = 0.268 BTC [-] {2}

00:36:16 assbot: [HAVELOCK] [B.EXCH] 2 @ 0.11950724 = 0.239 BTC [-]

00:37:15 assbot: [HAVELOCK] [B.SELL] 2 @ 0.0645 = 0.129 BTC [-] {2}

00:37:16 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05050051 = 0.101 BTC [-] {2}

00:37:17 assbot: [HAVELOCK] [AM100] 47 @ 0.006 = 0.282 BTC [+]

00:44:12 mircea_popescu: davout :

00:44:18 mircea_popescu: !t m x.eur

00:44:19 assbot: [MPEX:X.EUR] 1D: 0.00210539 / 0.00211955 / 0.00213452 (1350 shares, 2.86 BTC), 7D: 0.0019005 / 0.00205257 / 0.00213452 (2068 shares, 4.24 BTC), 30D: 0.0019005 / 0.00207896 / 0.00226762 (8527 shares, 17.73 BTC)

00:44:23 mircea_popescu: $vwap x.eur

00:44:24 mpexbot: mircea_popescu: X.EUR 1 day: average: 0.00211955 high: 0.00213452 low: 0.00210539 volume: 1350 btc: 2.861397 7 day: average: 0.00205258 high: 0.00213452 low: 0.0019005 volume: 2068 btc: 4.24473452 30 day: average: 0.00207897 high: 0.00226762 low: 0.0019005 volume: 8527 btc: 17.72735166

00:44:25 mircea_popescu: $depth x.eur

00:44:26 mpexbot: mircea_popescu: X.EUR Bids: ['450 @ 0.00212846', '2400 @ 0.0019005', '200 @ 0.00170512', '500 @ 0.00169213', '4200 @ 0.0016245']

00:44:27 mpexbot: mircea_popescu: Asks: ['450 @ 0.00213452', '450 @ 0.00220629', '432 @ 0.0025']

00:46:12 mircea_popescu: wao-ender i guess they'll call a general mobilisation again

00:46:18 mircea_popescu: maybe this time a different 1% shows

00:46:28 mircea_popescu: do it 50 times, it almost gets to strength.

00:48:26 assbot: [HAVELOCK] [PETA] 10 @ 0.06825 = 0.6825 BTC [-] {2}

00:52:30 assbot: [HAVELOCK] [B.MINE] 2 @ 0.053939 = 0.1079 BTC [+]

00:54:32 assbot: [MPEX] [S.MPOE] 7100 @ 0.0008022 = 5.6956 BTC [-]

00:57:35 assbot: [HAVELOCK] [B.MINE] 10 @ 0.052 = 0.52 BTC [-]

01:00:38 assbot: [HAVELOCK] [PETA] 3 @ 0.06822001 = 0.2047 BTC [-]

01:02:40 assbot: [MPEX] [FT] [X.EUR] 281 @ 0.00212846 = 0.5981 BTC [+]

01:03:21 KRS-One: .bait

01:03:22 ozbot: http://31.media.tumblr.com/tumblr_m437sxjpct1qk2vvro1_1280.jpg

01:03:34 KRS-One: http://i.imgur.com/IeMUwZP.jpg

01:04:01 KRS-One: how many times have we known old men like that lol

01:23:56 Dimsler: http://www.reddit.com/r/Bitcoin/comments/20iem7/the_bitcoin_network_costs_nearly_1_billion_a_year/

01:23:57 ozbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin

01:23:58 Dimsler: discuss

01:24:01 assbot: [HAVELOCK] [B.MINE] 3 @ 0.05333326 = 0.16 BTC [+] {3}

01:24:59 tim-tams: ;;gettrust majinx

01:24:59 gribble: WARNING: Currently not authenticated. Trust relationship from user tim-tams to user majinx: Level 1: 0, Level 2: 10 via 9 connections. Graph: http://b-otc.com/stg?source=tim-tams&dest=majinx | WoT data: http://b-otc.com/vrd?nick=majinx | Rated since: Tue Jul 3 13:05:15 2012

01:26:15 mircea_popescu: no price is too high.

01:26:55 lnovy: price is too damn high!

01:27:05 Dimsler: mircea_popescu,

01:27:05 Dimsler: http://www.reddit.com/r/Bitcoin/comments/20iem7/the_bitcoin_network_costs_nearly_1_billion_a_year/

01:27:06 ozbot: The Bitcoin network costs nearly $1 billion a year to run. : Bitcoin

01:27:29 Dimsler: the real fatal flaw to bitcoin

01:27:40 Dimsler: is the distribution of new coins

01:27:45 Dimsler: and network costs

01:33:02 lnovy: electricity burned is almost directly transformed into network security which more or less directly affects price. The real problem and wasting is not with distributed mining but with nondistributed chain verification as this needs to be done by every participant indepently and every new member of network need to check whole chain. This is a problem that will kill ethereum very quicky as you are actually not paying transaction fee for inclusion i

01:34:11 assbot: [HAVELOCK] [B.EXCH] 8 @ 0.11950724 = 0.9561 BTC [-]

01:34:14 lnovy: I'm trying to fix this in my coin, releasing asap™ (and no, it's not a currency).

01:34:30 Dimsler: can i premine it?

01:34:31 Dimsler: lol

01:36:41 lnovy: it's will not be a storage of value, so feel free, but it's doomed to fail anyway, it's only a proof of concept same as huntercoin :)

01:37:10 lnovy: still... it will be a jaw dropper, you can bet on it

01:38:54 MisterE: if you want to fix the problem force miners to reclaim wasted heat

01:39:19 lnovy: that problem will fix itselfs by the market...

01:39:30 dub: whats amex opex like?

01:39:31 MisterE: so ahy hasn't it

01:41:31 lnovy: amex opex of what?

01:42:20 mircea_popescu: Dimsler if oyu say so.

01:43:17 mircea_popescu: dub american express does options nao ?

01:43:50 lnovy: oh, this amex :D

01:44:03 dub: ok so amex spent 2.8b opex last year

01:44:17 dub: they are fairly small as payment processors go right?

01:44:49 dub: Dimsler can parrot failed trollmemes all he likes

01:45:43 dub: wait, that might quarterly

01:45:48 Dimsler: well no

01:45:51 Dimsler: its a serious flaw

01:45:57 mircea_popescu: dub amex is one of the majors.

01:46:09 dub: smaller than visa and mc tho

01:46:48 mircea_popescu: nah larger. 33bn/8bn vs 10/2bn for visa

01:47:22 mircea_popescu: roughly same for mc, slighly lower, something like that.

01:47:43 dub: probably significantly skewed

01:48:07 mircea_popescu: amex actually employs like... twice as many ppl as mc/visa combined or some shit.

01:48:09 mircea_popescu: it's huge.

01:49:00 cazalla: why do t hey need that many employees?

01:49:08 lnovy: that reddit post kills itself in first two lines... it's like saying that cost of running banking system is equivalent to amount of fiat printed...

01:49:26 assbot: [MPEX] [S.MPOE] 17100 @ 0.00080132 = 13.7026 BTC [-]

01:49:35 mircea_popescu: da fuck do i know. better ask chenault

01:49:40 mircea_popescu: or w/e is the ceo by now

01:49:52 dub: probably to process a reciept for every bullet the USG buys

01:50:00 mircea_popescu: fuck me it's still chenault

01:50:11 mircea_popescu: he's in there since before greenspan o.o

01:52:10 dub: anyway having a tiny fraction of the costs of incumbents sure sounds like a serious flaw

01:52:43 dub: a Real Problem in the john kerry sense

01:52:54 mircea_popescu: a kerriblem

01:53:29 mircea_popescu: there's problems, see, and pros solve problems. then there's kerriblems, and kerry solves those.

01:53:30 assbot: [HAVELOCK] [AM1] 1 @ 0.6101 BTC [-]

01:54:02 lnovy: John Kerry is the problem, not the solution

01:56:33 assbot: [HAVELOCK] [AM100] 20 @ 0.00599999 = 0.12 BTC [-]

01:58:27 Mats_cd03: Amex is operating in the stone age

01:58:35 assbot: [HAVELOCK] [PETA] 2 @ 0.07 = 0.14 BTC [+]

02:00:17 mircea_popescu: apparently stone age is profitable enough.

02:02:21 dub: a US megacorp i worked for pushed an innordinant amount of what should have been internal txns out to amex

02:02:59 mircea_popescu: http://mobile.nytimes.com/2014/03/15/business/an-underling-among-the-officials-accused-of-fraud-at-dewey.html

02:03:08 mircea_popescu: dub primitive blockchain

02:03:22 dub: expect there is a lot of that going on, why run lean?

02:05:16 mircea_popescu: indeed.

02:05:42 assbot: [MPEX] [S.MPOE] 12200 @ 0.00080117 = 9.7743 BTC [-] {2}

02:11:18 mircea_popescu: turns out trusting the usg isn't a workable policy. who knew.

02:13:50 assbot: [MPEX] [S.MPOE] 5027 @ 0.00080587 = 4.0511 BTC [+] {2}

02:14:51 assbot: [MPEX] [S.MPOE] 8123 @ 0.000807 = 6.5553 BTC [+] {2}

02:18:55 assbot: [HAVELOCK] [AM1] 1 @ 0.6101 BTC [-]

02:18:56 assbot: [MPEX] [S.MPOE] 13250 @ 0.00080192 = 10.6254 BTC [-] {2}

02:24:00 assbot: [HAVELOCK] [NEOBEE] 28 @ 0.00359989 = 0.1008 BTC [+]

02:25:01 assbot: [MPEX] [S.MPOE] 19500 @ 0.00080713 = 15.739 BTC [+] {2}

02:29:39 MisterE: http://www.nydailynews.com/news/national/fla-man-arrested-sex-pit-bull-yard-report-article-1.1712069

02:29:55 MisterE: "OMG please stop"

02:29:57 MisterE: lol

02:31:03 Diablo-D3: [10:02:38] <dub> a US megacorp i worked for pushed an innordinant amount of what should have been internal txns out to amex

02:31:04 Diablo-D3: wat

02:31:49 MisterE: yea I caught that too

02:33:09 assbot: [MPEX] [S.MPOE] 7287 @ 0.00080743 = 5.8837 BTC [+]

02:36:12 assbot: [HAVELOCK] [NEOBEE] 41 @ 0.00359989 = 0.1476 BTC [+]

02:37:13 assbot: [MPEX] [S.MPOE] 25150 @ 0.00080748 = 20.3081 BTC [+] {2}

02:42:44 Neil: Nobody's being forced to run the bitcoin network, hence no problem.

02:45:22 assbot: [HAVELOCK] [NEOBEE] 250 @ 0.0035 = 0.875 BTC [-]

02:47:23 assbot: [HAVELOCK] [AM100] 40 @ 0.006 = 0.24 BTC [+]

02:47:32 mircea_popescu: Neil you'll be surprised by how creatively "forced" can be interpreted by politics, in either direction.

02:48:10 mircea_popescu: "nobody is forced to talk to the da", as exemplified by my earlier link, for one side of the coin. "wage slavery" equals forcing people to x y z on the other.

02:48:24 assbot: [HAVELOCK] [AM100] 395 @ 0.006 = 2.37 BTC [+]

02:49:11 mircea_popescu: there's ample caselaw showing both the "putting a gun to your head does not constitute forcing you" argument and the "minding your own business and cultivating your own field amounts to forcing other people" argument.

02:54:16 mircea_popescu: "Other things being equal, the highest stock market prices relative to intrinsic business value are given to companies whose managers have demonstrated their unwillingness to issue shares at any time on terms unfavorable to the owners of the business."

02:54:27 mircea_popescu: http://www.berkshirehathaway.com/letters/1982.html buffett continues to deliver.

02:54:27 ozbot: Chairman's Letter - 1982

02:58:27 dub: Diablo-D3: wat wat

02:58:36 Diablo-D3: dub: how does that even happen

02:59:09 dub: meh its too hard to explain how the world works to someone thats never had a job

02:59:36 Diablo-D3: dub: what was the outcome of this

02:59:41 dub: of what

02:59:55 Diablo-D3: of that mistake

03:00:09 jcpham: http://www.reddit.com/r/Bitcoin/comments/20gkdx/legitimate_wager_300_bitcoins_vs_1_class_a_share/

03:00:10 ozbot: Legitimate Wager: 300 Bitcoins vs. 1 Class A Share of Berkshire Hathaway : Bitcoin

03:00:10 dub: im not following you

03:00:24 Diablo-D3: dub: what happened when the corp send the internal txns to amex

03:00:26 jcpham: apparently he backed out of class A shares

03:01:24 dub: Diablo-D3: nothing, its BAU.. I was offering a reason for why amex is 'larger' than processors with more footprint

03:01:33 Diablo-D3: ahh

03:01:44 mircea_popescu: http://bitbet.us/bet/777/berkshire-hathaway-brk-a-will-close-at-over-185k/

03:01:47 Diablo-D3: thought maybe amex got pissed or something

03:01:47 mircea_popescu: was it that ?

03:01:48 ozbot: BitBet - Berkshire Hathaway BRK-A will close at over $185k per share before July

03:02:32 mircea_popescu: haha look at that, reddit generates 200 comments worth 20k words for a 0.25 btc wager.

03:02:51 mircea_popescu: the wear&tear on the cheap chiense keyboards involved probably exceeds that figure.

03:04:16 dub: how much energy does reddit waste?

03:04:20 dub: thats a real problem

03:05:20 dub: if we ground up all the redditors and rendered them down for biomass..

03:05:22 mircea_popescu: you don't understand, they're making the world a better place.

03:05:43 mircea_popescu: if it wasn't for reddit you'd probably still be killing animals for meat

03:05:58 dub: we could at least run bitconi for a year and the world would only be half as retarded

03:06:06 mircea_popescu: and like... who knows what other perversions. talking to girls prolly.

03:07:02 dub: mom is girl tho rite?

03:07:50 mircea_popescu: only if trampstamped.

03:08:44 assbot: [MPEX] [S.MPOE] 15550 @ 0.00080653 = 12.5415 BTC [-]

03:08:52 dub: theres an alt concept for you. BitKony (2014)

03:09:53 jcpham: i found it funny he posted a reddit thread about putting your money where your mouth is....

03:10:03 jcpham: it's looks like 2 people took him up on it

03:10:15 jcpham: and suddenly he had no A, only B shares

03:10:39 jcpham: pretty terrible bet if you ask me

03:12:59 MisterE: Buffet doesnt get BTC

03:17:47 Mats_cd03: he has the one share i imagine

03:18:54 assbot: [MPEX] [S.MPOE] 500 @ 0.00080653 = 0.4033 BTC [-]

03:21:57 assbot: [HAVELOCK] [AM100] 40 @ 0.00600001 = 0.24 BTC [+]

03:56:31 assbot: [HAVELOCK] [B.SELL] 4 @ 0.0645 = 0.258 BTC [-]

04:06:41 assbot: [HAVELOCK] [PETA] 4 @ 0.07 = 0.28 BTC [+]

04:07:42 assbot: [HAVELOCK] [B.EXCH] 13 @ 0.11950724 = 1.5536 BTC [-]

04:09:44 assbot: [MPEX] [S.MPOE] 6950 @ 0.00080125 = 5.5687 BTC [-]

04:10:45 assbot: [HAVELOCK] [RENT] 200 @ 0.0051858 = 1.0372 BTC [-] {11}

04:15:50 assbot: [HAVELOCK] [MS] 80 @ 0.00438999 = 0.3512 BTC [-] {2}

04:20:34 LordPutin: havelock doing manual withdraws atm?

04:22:57 assbot: [MPEX] [S.MPOE] 3250 @ 0.00080116 = 2.6038 BTC [-]

04:28:02 assbot: [MPEX] [S.MPOE] 5275 @ 0.00080116 = 4.2261 BTC [-]

04:41:15 assbot: [MPEX] [S.MPOE] 11600 @ 0.00080043 = 9.285 BTC [-] {2}

04:58:32 assbot: [MPEX] [S.MPOE] 12304 @ 0.00080018 = 9.8454 BTC [-] {2}

05:00:34 assbot: [HAVELOCK] [B.MINE] 2 @ 0.0536985 = 0.1074 BTC [+] {2}

05:01:35 assbot: [HAVELOCK] [B.MINE] 4 @ 0.05399967 = 0.216 BTC [+] {4}

05:06:40 assbot: [MPEX] [S.MPOE] 10900 @ 0.00079995 = 8.7195 BTC [-]

05:30:03 assbot: [HAVELOCK] [AM1] 4 @ 0.62165745 = 2.4866 BTC [+] {3}

05:32:05 assbot: [HAVELOCK] [AM100] 22 @ 0.00613716 = 0.135 BTC [+] {2}

05:54:27 assbot: [MPEX] [S.MPOE] 4200 @ 0.00079906 = 3.3561 BTC [-]

06:08:41 assbot: [MPEX] [S.MPOE] 14100 @ 0.00079984 = 11.2777 BTC [+] {3}

06:12:45 assbot: [MPEX] [S.MPOE] 5700 @ 0.00080064 = 4.5636 BTC [+]

06:14:47 assbot: [MPEX] [S.MPOE] 21650 @ 0.00080137 = 17.3497 BTC [+] {4}

06:38:10 assbot: [HAVELOCK] [DEALCO] 463 @ 0.00460828 = 2.1336 BTC [-] {18}

06:46:25 moiety: how close to all womenz is ozbot?

06:56:28 assbot: [MPEX] [S.MPOE] 35950 @ 0.000799 = 28.7241 BTC [-] {3}

07:05:37 assbot: [HAVELOCK] [B.SELL] 4 @ 0.06401085 = 0.256 BTC [-] {3}

07:29:29 Neil: ;;bc,stats

07:29:31 gribble: Current Blocks: 290804 | Current Difficulty: 4.2502179198695354E9 | Next Difficulty At Block: 292319 | Next Difficulty In: 1515 blocks | Next Difficulty In About: 1 week, 2 days, 8 hours, 26 minutes, and 40 seconds | Next Difficulty Estimate: 4609059944.38 | Estimated Percent Change: 8.44291

07:29:48 Neil: ooh

07:30:01 assbot: [HAVELOCK] [NEOBEE] 701 @ 0.0035 = 2.4535 BTC [+] {2}

07:30:05 Neil: gribble lowballing a tad but it's tight

07:31:14 Neil: The Bastille day bet could become a big upset

07:36:07 assbot: [MPEX] [S.MPOE] 419 @ 0.00080117 = 0.3357 BTC [+]

07:42:13 assbot: [HAVELOCK] [NEOBEE] 1524 @ 0.00342241 = 5.2158 BTC [-] {7}

07:43:14 assbot: [HAVELOCK] [NEOBEE] 5941 @ 0.00312251 = 18.5508 BTC [-] {37}

07:52:23 assbot: [MPEX] [S.MPOE] 2400 @ 0.00080117 = 1.9228 BTC [+]

07:58:29 assbot: [MPEX] [S.MPOE] 17650 @ 0.00079886 = 14.0999 BTC [-] {2}

08:05:36 assbot: [HAVELOCK] [NEOBEE] 214 @ 0.0031 = 0.6634 BTC [-] {3}

08:06:37 assbot: [HAVELOCK] [AM100] 100 @ 0.006 = 0.6 BTC [-] {3}

08:08:39 assbot: [MPEX] [S.MPOE] 29906 @ 0.00080206 = 23.9864 BTC [+] {4}

08:09:40 assbot: [HAVELOCK] [AM100] 226 @ 0.006 = 1.356 BTC [-]

08:21:52 assbot: [HAVELOCK] [B.MINE] 7 @ 0.05260571 = 0.3682 BTC [-] {3}

08:24:55 assbot: [HAVELOCK] [B.SELL] 15 @ 0.0645 = 0.9675 BTC [+]

08:28:23 lnovy: http://youtu.be/31g0YE61PLQ <- bulls on bitstamp

08:28:23 ozbot: The Office- Michael Scott No God No - YouTube

08:30:00 assbot: [MPEX] [S.MPOE] 21600 @ 0.00080005 = 17.2811 BTC [-] {2}

08:47:17 assbot: [HAVELOCK] [B.MINE] 27 @ 0.05109629 = 1.3796 BTC [-] {4}

08:47:18 assbot: [HAVELOCK] [B.SELL] 20 @ 0.06511996 = 1.3024 BTC [+] {6}

08:58:38 KRS-1: lol Michael Scott

09:18:48 assbot: [MPEX] [S.MPOE] 44240 @ 0.00079857 = 35.3287 BTC [-] {3}

09:35:04 assbot: [MPEX] [S.MPOE] 7950 @ 0.00080323 = 6.3857 BTC [+]

09:36:05 assbot: [MPEX] [S.MPOE] 6242 @ 0.00080333 = 5.0144 BTC [+] {2}

09:38:07 assbot: [MPEX] [S.MPOE] 8700 @ 0.00080413 = 6.9959 BTC [+]

09:44:13 assbot: [MPEX] [S.MPOE] 15150 @ 0.0008055 = 12.2033 BTC [+] {2}

09:45:14 assbot: [MPEX] [S.MPOE] 4381 @ 0.00080715 = 3.5361 BTC [+]

09:59:28 assbot: [HAVELOCK] [NEOBEE] 321 @ 0.00336241 = 1.0793 BTC [+] {5}

10:08:37 assbot: [HAVELOCK] [PETA] 84 @ 0.06811067 = 5.7213 BTC [-] {12}

10:09:38 assbot: [MPEX] [S.MPOE] 4550 @ 0.00080336 = 3.6553 BTC [-] {2}

10:20:49 assbot: [HAVELOCK] [B.SELL] 40 @ 0.06699 = 2.6796 BTC [-]

10:25:54 assbot: [HAVELOCK] [NEOBEE] 80 @ 0.00348436 = 0.2787 BTC [+] {3}

10:28:57 assbot: [MPEX] [S.MPOE] 16481 @ 0.00080426 = 13.255 BTC [+] {2}

10:29:58 assbot: [MPEX] [S.MPOE] 16050 @ 0.00080288 = 12.8862 BTC [-] {2}

10:38:06 assbot: [HAVELOCK] [NEOBEE] 40 @ 0.00331001 = 0.1324 BTC [-] {3}

10:43:11 assbot: [MPEX] [S.MPOE] 22312 @ 0.00080162 = 17.8857 BTC [-] {3}

10:54:22 assbot: [MPEX] [S.MPOE] 5750 @ 0.00079915 = 4.5951 BTC [-]

10:55:43 balulasch: hello

10:56:16 balulasch: I visited bit777.com 2 days ago and looked at the total wagered Bitcoins. Cant remember the exact number but as I visited today I could swear that the number was at least 10,000BTC higher. This means there must be a very huge volume. Considering the fact that bit777 is the property of casinobitco.in makes the companys stock worth on havelock seem heavily underrated imho.. I'm waiting for the new 2weekly statement like how I

10:56:26 balulasch: any thoughts on this?

10:57:22 BingoBoingo: Cake is tasty

11:00:28 assbot: [HAVELOCK] [CBTC] 19200 @ 0.00014999 = 2.8798 BTC [-] {4}

11:02:30 assbot: [MPEX] [S.MPOE] 17400 @ 0.00079758 = 13.8779 BTC [-] {2}

11:04:30 balulasch: lol seems like someone reacted

11:22:50 assbot: [MPEX] [S.MPOE] 7750 @ 0.00079659 = 6.1736 BTC [-] {2}

11:28:45 mircea_popescu: soo today is going to be a big news day.

11:31:59 assbot: [HAVELOCK] [AM1] 1 @ 0.61000001 BTC [-]

11:38:57 balulasch: mircea what are you referring to?

11:54:42 dub: pulling the plug on mpex ponzi

11:56:23 assbot: [MPEX] [S.MPOE] 15650 @ 0.00079551 = 12.4497 BTC [-]

12:00:27 assbot: [HAVELOCK] [NEOBEE] 1951 @ 0.00330923 = 6.4563 BTC [-] {6}

12:01:28 assbot: [HAVELOCK] [NEOBEE] 948 @ 0.00320167 = 3.0352 BTC [-] {7}

12:09:36 assbot: [MPEX] [S.MPOE] 10900 @ 0.0007951 = 8.6666 BTC [-] {2}

12:26:15 balulasch_: collective hangover

12:26:29 balulasch_: collective coma

12:28:11 balulasch_: what

12:31:58 assbot: [HAVELOCK] [PETA] 2 @ 0.06999998 = 0.14 BTC [+]

12:35:01 assbot: [HAVELOCK] [NEOBEE] 44 @ 0.00338159 = 0.1488 BTC [+] {4}

12:35:27 LordPutin: Mark Karpelas was on mh370?

12:37:10 balulasch_: yes

12:50:16 assbot: [MPEX] [S.MPOE] 5100 @ 0.0007991 = 4.0754 BTC [+]

12:53:11 Neil: LordPutin: lol

12:59:25 assbot: [MPEX] [S.MPOE] 26143 @ 0.00080088 = 20.9374 BTC [+] {4}

13:05:43 mircea_popescu: ;;tslb

13:05:45 gribble: Time since last block: 10 minutes and 36 seconds

13:07:36 ThickAsThieves: what's the big news?

13:07:53 balulasch_: cbtc's 2weekly report will be big news

13:07:56 mircea_popescu: gimme a minute eh.

13:08:34 assbot: [MPEX] [S.MPOE] 1256 @ 0.00080451 = 1.0105 BTC [+]

13:08:38 ThickAsThieves: pump moar

13:09:43 balulasch_: hope they will release it today even though its sunday

13:09:55 Duffer1: z

13:09:57 Duffer1: er

13:09:59 Duffer1: zzzzz

13:10:03 ThickAsThieves: maybe they'll release it yesterday

13:10:11 ThickAsThieves: wouldnt that be awesomer?

13:10:19 balulasch_: no

13:10:27 balulasch_: bought my shares today

13:10:36 Duffer1: i'm sorry to hear that

13:11:06 Duffer1: buy rumor sell news

13:11:16 balulasch_: why do i never get an answer that makes any sense

13:11:37 ThickAsThieves: responses are in kind

13:12:12 balulasch_: just read a lot of the channels log aswell

13:12:19 Duffer1: it's good that you're hear though

13:12:25 balulasch_: bs talk all the way

13:12:28 ThickAsThieves: how long did it take?

13:12:48 balulasch_: can someone recommend me some useful irc channels?

13:13:13 ThickAsThieves: #altcoin

13:13:34 ThickAsThieves: #mtgox

13:13:34 Duffer1: you can hang around and try to avoid catastrophic losses i suppose

13:13:35 balulasch_: on freenode?

13:13:39 assbot: [MPEX] [S.MPOE] 14050 @ 0.00080449 = 11.3031 BTC [-] {2}

13:14:01 Duffer1: any other channel should suffice otherwise

13:15:44 nubbins`: <balulasch_> bs talk all the way <<< lel he's right ;(

13:16:00 Duffer1: well ya but there's good bits too :P

13:16:15 ThickAsThieves: yeah but bs is just the style of the conversation

13:16:31 ThickAsThieves: so much context in it tho

13:16:48 ThickAsThieves: i guess it's that "variety speak"

13:16:59 Duffer1: indeed

13:19:45 assbot: [HAVELOCK] [NEOBEE] 246 @ 0.00320465 = 0.7883 BTC [-] {7}

13:27:41 mircea_popescu: ;;tslb

13:27:43 gribble: Time since last block: 32 minutes and 34 seconds

13:27:48 mircea_popescu: jesus fuck which of you broke bitcoin

13:28:18 ThickAsThieves: i'll try rebooting

13:28:50 ThickAsThieves: mp's big news is that bitcoin is hacked, he;s just waiting for his coins to clear

13:28:59 Apocalyptic: heh

13:30:37 ThickAsThieves: maybe he finally bought Rift

13:30:56 assbot: [MPEX] [S.MPOE] 2950 @ 0.00080417 = 2.3723 BTC [-]

13:31:13 Apocalyptic: why would he wait for a tx to clear then ?

13:31:43 mircea_popescu: dude how does this shit work. 35 minutes for a block, then 3 blocks in 3 minutes.

13:31:52 ThickAsThieves: ;;tslb

13:31:53 gribble: Time since last block: 1 minute and 6 seconds

13:32:12 ThickAsThieves: blame the Real Nigga God

13:32:34 Duffer1: LOL

13:37:02 assbot: [MPEX] [S.MPOE] 30550 @ 0.00080591 = 24.6206 BTC [+] {3}

13:40:28 nubbins`: http://www.cbc.ca/news/canada/montreal/march-against-police-brutality-declared-illegal-broken-up-1.2574163

13:40:29 ozbot: March against police brutality declared illegal, broken up - Montreal - CBC News

13:40:31 nubbins`: didn't see that coming

13:43:08 assbot: [HAVELOCK] [AM100] 195 @ 0.0060001 = 1.17 BTC [+]

13:45:10 assbot: [HAVELOCK] [AM1] 4 @ 0.62084749 = 2.4834 BTC [+] {4}

13:46:11 assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0033 = 0.33 BTC [+]

13:46:12 assbot: [HAVELOCK] [AM100] 500 @ 0.006 = 3 BTC [-] {3}

13:47:12 assbot: [HAVELOCK] [AM100] 600 @ 0.006 = 3.6 BTC [-]

13:47:13 assbot: [MPEX] [S.MPOE] 17898 @ 0.00080835 = 14.4678 BTC [+] {2}

13:48:13 assbot: [HAVELOCK] [AM1] 6 @ 0.62186666 = 3.7312 BTC [+] {4}

13:49:18 mircea_popescu: http://fraudsters.com/2014/an-era-ends-today-a-new-era-starts-today/

13:49:18 ozbot: An era ends today. A new era starts today. pe fraudsters - Un blog de Mircea Popescu.

13:49:21 mircea_popescu: that's the big news

13:49:27 mircea_popescu: (still your fluttering hearts, it's nothing bad)

13:50:03 mircea_popescu: also if anyone wants to put it on reddit (and thanks jcpham for mentioning the lulzy reddit "bet", he inspired me)

13:56:32 ThickAsThieves: interesting

13:58:25 ThickAsThieves: i just threw 5 on it too

13:58:42 mircea_popescu: what, on yes ?

14:10:35 assbot: [HAVELOCK] [AM1] 4 @ 0.612755 = 2.451 BTC [-] {3}

14:11:54 mircea_popescu: ;;tslb

14:11:57 gribble: Time since last block: 26 minutes and 24 seconds

14:11:58 mircea_popescu: check it out, again.

14:14:11 ThickAsThieves: it's hard there for a pimp

14:14:14 ThickAsThieves: out there*

14:16:58 mircea_popescu: somebody really should check out the block timing, there may be some sort of issue here.

14:23:48 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05239895 = 0.1048 BTC [+] {2}

14:23:56 balulasch_: why? i dont see any problem with that

14:24:53 mircea_popescu: balulasch_ can you calculate the odds of a block taking 30 minutes to solve ?

14:25:52 mircea_popescu: dubsy why haet.

14:26:51 ThickAsThieves: http://www.youtube.com/watch?v=TP8RB7UZHKI

14:26:51 ozbot: 3-year-old Mateo Makes His Case for Cupcakes: "Linda, honey, just listen." - YouTube

14:28:32 balulasch_: no idea

14:28:42 mircea_popescu: balulasch_ re the cbtc bs : https://bitcointalk.org/index.php?topic=465334.0

14:29:00 mircea_popescu: bullshit corp made out of bullshit, worth ~the going rate for bullshit in your jurisdiction.

14:29:54 assbot: [HAVELOCK] [AM1] 2 @ 0.612001 = 1.224 BTC [-] {2}

14:30:55 assbot: [MPEX] [S.MPOE] 10220 @ 0.00086345 = 8.8245 BTC [+] {2}

14:30:55 chetty: TAT I saw that video couple days ago, nothing cute about it

14:31:10 ThickAsThieves: hater

14:31:34 balulasch_: do you think the total wagered coins on bit777 main page are made up?

14:31:38 balulasch_: if not

14:31:46 balulasch_: stock price will double later today

14:31:47 ThickAsThieves: i hope he hope his cheated-on wife makes a similar video in 20 yeards

14:32:04 mircea_popescu: http://www.youtube.com/watch?v=mvZgwtpPmLY

14:32:05 ozbot: blues brothers - sell me your children - YouTube

14:32:07 mircea_popescu: moar bettar.

14:35:05 ThickAsThieves: balulasch_ I take it you're the one with the 35k-share ask wall on CBTC

14:35:32 ThickAsThieves: well, not a "wall"

14:35:34 ThickAsThieves: but

14:35:38 ThickAsThieves: yknow

14:35:46 balulasch_: 2014-03-16 07:01:13 18756 ฿0.00015000 ฿2.8134

14:35:49 balulasch_: that was me

14:35:54 ThickAsThieves: pumping your stock in here won't move the price

14:36:10 ThickAsThieves: try trollchat or something

14:36:10 balulasch_: im just asking for opinions

14:36:12 mircea_popescu: !t h cbtc

14:36:13 assbot: [HAVELOCK:CBTC] 1D: 0.00014500 / 0.00014974 / 0.00015992 (23741 shares, 3.55508111 BTC), 7D: 0.00009900 / 0.00014508 / 0.00018799 (193380 shares, 28.05464854 BTC), 30D: 0.00009900 / 0.00018188 / 0.00024990 (1108845 shares, 201.67261943 BTC)

14:36:35 mircea_popescu: what did it ipo at anyway, was it 2 ? or 1 or what ?

14:36:52 balulasch_: 12

14:37:31 ThickAsThieves: it'd take about 200btc to double the price

14:37:33 mircea_popescu: yeah well. tell them to start making proper reports and stop with the nonsensical "we are great ra ra ra" bullshit,

14:37:41 mircea_popescu: maybe they have a chance to matter in a year or w/e.

14:37:55 Neil: Oh dear; I now have 12 months of loading bitbet to see Berkshire Hathaway at the top.

14:38:07 ThickAsThieves: lol

14:38:32 mircea_popescu: lol

14:38:43 ThickAsThieves: kinda an important observation

14:38:54 mircea_popescu: you never know when a diff bet comes and swoops the top spot you know ?

14:38:54 ThickAsThieves: sets the tone for any new visitor

14:38:57 ThickAsThieves: for better or worse

14:39:10 mircea_popescu: so far 1000:1 odds lol

14:39:11 balulasch_: https://drive.google.com/folderview?id=0B2SWZWkGJ1V3UEo0Q0lESk5nd0k&usp=sharing

14:39:12 ozbot: CasinoBitco.in - Public

14:39:13 Neil: Gotta say despite the odds I'm not gonna bet No on that one.

14:39:20 balulasch_: new 2weekly report coming soon

14:39:26 mircea_popescu: Neil nuts.

14:39:39 mircea_popescu: i mean i fully understand you, but from an "outside" perspective, right ? fucking nuts.

14:39:54 mircea_popescu: perhaps this is the best line to explain to noobs why bitcoin is so powerful :

14:40:13 mircea_popescu: "honey, there's a 1000:1 bet that berkshire will outperform bitcoin in 2014, and i'm not taking it"

14:40:18 Neil: You mean, if you're not a bitcoin believer? Then yeah. But I'm quite confident BTC will outperform Berkshire.

14:40:42 mircea_popescu: kinda why the article is adressed to the would-be financiers of wallstreet and generally the world's pretend-bankers.

14:40:43 ThickAsThieves: it also has to outperform USD inflation

14:40:46 Neil: Unfortunately those who don't believe in bitcoin will not have bitcoin to spend on the bet :)

14:40:51 mircea_popescu: none of them will make 1k btc in 2014. so why aren't they ?

14:40:59 mircea_popescu: "they choose not to run", perhaps ?

14:41:01 Neil: Or will say their winnings will be near-worthless, yadda yadda.

14:41:05 assbot: [HAVELOCK] [AM100] 449 @ 0.006 = 2.694 BTC [-]

14:41:17 mircea_popescu: no resources, no skill, no talent, no ability, no brains, perhaps ?

14:41:26 ThickAsThieves: the excuse will be, I don't wanna have to buy bitcoins to bet against bitcoin

14:41:34 mircea_popescu: derp.

14:41:44 Neil: Would be funny if Buffett bet 1k BTC on the other side tho.

14:41:44 mircea_popescu: ThickAsThieves anyway, that's the genius of it :D

14:41:53 Neil: I'd join in then.

14:42:06 assbot: [HAVELOCK] [B.MINE] 2 @ 0.052399 = 0.1048 BTC [+] {2}

14:42:11 mircea_popescu: Neil so mail him.

14:42:37 ThickAsThieves: and Buffet would say of this bet, "The bet is a perfect example of why Bitcoin is a bad investment, it is speculation and gambling at its purest!"

14:42:57 chetty: purity :D

14:42:57 mircea_popescu: "no intrinsic value in this bet"

14:43:33 mircea_popescu: ThickAsThieves oddly, he doesn't say the same of government-sponsored transfer of wealth from the middle class to the lower class. that's fine, iho.

14:44:26 ThickAsThieves: well he can only lean on the inertia of BRK so hard til it falls over

14:45:31 ThickAsThieves: in less than a year I learned a bunch of stuff about Buffet, and then the first letter I get to read as it is release, reads like satire

14:45:40 ThickAsThieves: kinda surreal

14:45:49 ThickAsThieves: released*

14:46:25 mircea_popescu: indeed.

14:46:35 mircea_popescu: well, we should be so lucky to live to be our own parodies.

14:46:37 mircea_popescu: or perhaps not.

14:47:00 mircea_popescu: i guess the world is split in tow sorts of people : those who aspire to be so lucky to live to be our own parodies, and those who aspire to be so lucky to die before that.

14:47:08 ThickAsThieves: Yes is already a losing bet in BitBet calc, lol

14:47:34 mircea_popescu: lol

14:48:12 ThickAsThieves: i aalways thought most people lived as parodies of themselves

14:48:22 mircea_popescu: i guess that's also true...

14:48:39 mircea_popescu: btw, someone dump the fraudsters article on reddit will you ? i wanna see them writhe.

14:48:48 nubbins`: living as a parody of pop culture is more common

14:49:16 ThickAsThieves: it's a feedback loop

14:49:25 mircea_popescu: speaking of which "kardashian is a hobbit" sp kicked ass.

14:49:25 ThickAsThieves: not sure which is the chicken and which the egg

14:50:14 Duffer1: sp?

14:50:30 nubbins`: http://www.cbc.ca/news/canada/newfoundland-labrador/2-involved-in-apparent-stabbings-mum-rnc-investigate-1.2574735

14:50:31 ozbot: 2 involved in apparent stabbings mum, RNC investigate - Newfoundland & Labrador - CBC News

14:50:33 nubbins`: ^ my neighbourhood

14:50:40 mircea_popescu: south park

14:50:45 nubbins`: "police said neither of the men wanted to provide any further detail about the incidents"

14:51:25 Duffer1: oh man stick of truth was... wow

14:51:46 wao-ender: aspiration to quantum self-parody?

14:52:19 mircea_popescu: lol yea

14:52:59 ThickAsThieves: http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/

14:52:59 ozbot: Bitcoin Baron Bets Bitcoin Beats Berkshire : Bitcoin

14:53:10 ThickAsThieves: :)

14:53:25 mircea_popescu: lol ima gonna have to end up buying a barony in the end

14:53:55 mircea_popescu: ThickAsThieves nice pic. did you select it or did it autoselect ?

14:53:59 nubbins`: bitcoin bettor buys barony

14:54:17 ThickAsThieves: auto-pic

14:54:17 mircea_popescu: haha

14:54:29 mircea_popescu: holy shit that's an epic title anyway.

14:54:33 assbot: Last 10 lines bashed and pending review. (http://dpaste.com/1735504/plain/)

14:54:33 mircea_popescu: !b 10

14:55:48 nubbins`: bitcoin behemoth barony brouhaha bashed

14:56:58 ThickAsThieves: fwiw i watched the nethash decrease about 200TH over the past hour

14:57:10 ThickAsThieves: ;;tslb

14:57:13 gribble: Time since last block: 4 minutes and 15 seconds

14:57:57 mircea_popescu: ThickAsThieves https://twitter.com/Thick_AsThieves that you ?

14:58:02 Duffer1: trouble at mount asicminer?

14:58:25 ThickAsThieves: Not me

14:58:42 ThickAsThieves: appears t be London DJs

15:00:25 mircea_popescu: https://twitter.com/Mircea_Popescu/status/445212966003441664

15:00:25 ozbot: Twitter / Mircea_Popescu: Tremendously tittilating title ...

15:00:56 ThickAsThieves: Can you tell I've been reading TheRegister for more than a decade?

15:01:27 mircea_popescu: only if i look right at it.

15:01:31 Diablo-D3: [10:53:20] <ThickAsThieves> http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/

15:01:37 ThickAsThieves: my favorite is how all their Yahoo headlines have ! after every word

15:01:41 Diablo-D3: the only way that could have come out better is

15:01:48 mircea_popescu: yeah the ! is pretty good.

15:01:52 balulasch_: nice bet

15:01:53 Diablo-D3: bitcoin brony baron bets bitcoin beats berkshire

15:01:59 mircea_popescu: sort of insanely funny subdued lolz.

15:02:09 balulasch_: mircea_popescu did you set up this bet?

15:02:22 ThickAsThieves: balulaash, do you read?

15:02:27 mircea_popescu: Diablo-D3 but i'm not a brony. perhaps the only bitcoin veteran in this sad situation.

15:02:44 Diablo-D3: mircea_popescu: only b word I could think of

15:02:52 Diablo-D3: well one that'd increase views

15:03:09 balulasch_: cant believe someone bet 1000btc on this

15:03:13 mircea_popescu: which reminds me, when i was a kid there was this wrestler dubbed bam bam biggelow

15:03:27 ThickAsThieves: i remember him

15:03:28 Diablo-D3: that was a looooooooooooong time ago

15:03:34 Diablo-D3: that was like, hulk hogan era

15:03:38 Diablo-D3: back when people still watched it

15:03:44 balulasch_: tatanka

15:04:04 ThickAsThieves: Koko B Ware

15:04:13 mircea_popescu: yeah was before sena died and they fucked up f1

15:04:19 mircea_popescu: kinda stopped watching it that year.

15:04:25 Diablo-D3: mircea_popescu: who?

15:04:38 mircea_popescu: Ayrton Senna

15:04:42 *: Diablo-D3 never watched wrestling as a kid, it was too much like soap operas for men

15:04:54 Diablo-D3: only had friends who watched it and they wouldnt shut up about it

15:05:07 Diablo-D3: and had fucking tshirts and shit

15:05:10 balulasch_: i have friends who still watch it after 15yrs

15:05:24 balulasch_: and they take it for real

15:05:27 Diablo-D3: well I remember everyone quit watching it, then they had that NWO shit

15:05:29 balulasch_: somehow

15:05:40 Diablo-D3: then the NWO shit wore out and then they went to college

15:06:04 ThickAsThieves: due to them being the same day, i have an odd association with WWF and Catechism as a child

15:06:07 Diablo-D3: I mean, I have to give it to wrestling

15:06:12 Diablo-D3: they made fun of bush and it stuck

15:06:29 Diablo-D3: ThickAsThieves: wtf is catechism?

15:06:36 Duffer1: catholic nonsense

15:06:36 ThickAsThieves: wrestling was always the hot topic whilst learning about jesus

15:06:45 balulasch_: lol

15:06:46 ThickAsThieves: it's sunday school

15:06:50 Diablo-D3: ahh

15:07:00 Diablo-D3: sunday school never made sense to me

15:07:05 ThickAsThieves: gotta do it for 8 years before you can leave the scene

15:07:17 Diablo-D3: ThickAsThieves: then the catholic church is not a church

15:07:22 Diablo-D3: it is a cult and it is against God

15:07:29 ThickAsThieves: well that's just how i saw it

15:07:30 mircea_popescu: ThickAsThieves did you get a little white tutu and everything ? or do they only do that for girls

15:07:49 ThickAsThieves: yeah have to wear some kind of robe

15:08:11 mircea_popescu: nuts.

15:08:27 ThickAsThieves: i remember my confirmation vividly because i said to myself over and over "never forget how happy you are that you never have to come here again"

15:08:34 mircea_popescu: haha

15:08:53 mircea_popescu: the shit people come up with, i swear.

15:08:54 ThickAsThieves: oddly it was the first time I ever had hot flashes and almost fainted

15:08:55 Duffer1: did you get your little scarf thing too?

15:09:13 mircea_popescu: i mean religion is one thing, as a theological pursuit, you know, whatever, let's sit around and discuss the beard of the teapot in the sky

15:09:14 ThickAsThieves: the next time was in Amsterdam :)

15:09:36 mircea_popescu: but by the time it gets to "you gotta wear this thing" it's gotten real old.

15:09:41 Diablo-D3: ThickAsThieves: that sounds closer to an axienty attack

15:10:00 Diablo-D3: mircea_popescu: well, its actually why I like Jesus

15:10:03 ThickAsThieves: well not much distinction

15:10:21 Diablo-D3: he said, and this is why he killed him, "all this shit they make you do that God didn't expressly say do? stop doing it. God didnt tell you to do that."

15:10:22 mircea_popescu: ThickAsThieves was it because the nude chicks behind glass ?

15:10:25 ThickAsThieves: either way everything turned white and i almost passed out

15:10:30 Diablo-D3: Jews freaked out and killed him for it

15:10:35 Diablo-D3: he basically Snowdened the Jews.

15:10:38 ThickAsThieves: no cuz i smoked too much hash

15:11:15 ThickAsThieves: it's weird, it happened to me both times i was in Amsterdam

15:11:20 ThickAsThieves: the flashes

15:11:26 mircea_popescu: yeah it can do that.

15:11:40 ThickAsThieves: never happened back home though

15:12:00 Diablo-D3: pot can do that, yeah

15:14:02 ThickAsThieves: "Bitchin' bet, bro! Bitcoin bears best become Bitcoin bulls."

15:14:12 mircea_popescu: lol

15:14:17 mircea_popescu: you're on a broll, bro!

15:14:23 ThickAsThieves: byeah!

15:14:34 Duffer1: buy bitcoin. bitches.

15:14:34 Diablo-D3: bullshit

15:14:48 mircea_popescu: wait that was you ?

15:14:55 Diablo-D3: .... you know, why has there never been a financial blog for bears named bullshit?

15:15:01 Diablo-D3: seems like a lost oppertunity there

15:15:59 mircea_popescu: maybe so

15:17:30 mircea_popescu: http://bitbet.us/bet/786/bitcoin-to-surpass-berkshire-as-an-investment/#b7

15:17:31 ozbot: BitBet - Bitcoin to surpass Berkshire as an investment

15:17:52 mircea_popescu: gotta love these fiat guys. 0.00450000 at a time, srsly, don't give yourselves a hernia folks

15:18:08 mircea_popescu: lifting all that moneys up to the BitBet coinslit.

15:18:26 ThickAsThieves: http://www.maxkeiser.com/2013/03/breaking-as-cyprus-crisis-increases-panic-bitcoin-hits-new-all-time-high-of-50/

15:18:41 ThickAsThieves: "Analysts now see $100 BTC within easy reach. I am sticking to my bet. I bet Warren Buffett 100,000 BTC that BTC reaches $200,000 before Berkshire Hathaway does."

15:19:05 ThickAsThieves: maybe Max needs to put his BitBet where his mouth is

15:19:35 mircea_popescu: lol max bets 100k ? bwahaha.

15:20:08 mircea_popescu: o wait was 2013 huh.

15:20:35 mircea_popescu: that should make nice news for a blogger wanting toi have some fun

15:20:47 mircea_popescu: berkshire will probably cross 200k sometime this summer.

15:21:00 mircea_popescu: whereas max derper never had nor will ever have 100k btc.

15:21:38 ThickAsThieves: Can't have your soul and eat it to, after all

15:22:09 Duffer1: what was the market cap of BTC this time last year? i'm sure it was already well beyond 200k..

15:22:09 mircea_popescu: right.

15:22:42 mircea_popescu: the funniest shit will be if the us inflation goes bonkers this year, berkshire ends up ~2mn by next march, bitcoins trade ~6k ish

15:22:54 mircea_popescu: just you now... narrowly missing the no condition.

15:24:27 LordPutin: blue means yes right?

15:24:55 ThickAsThieves: yeah, i suspect any violent increase in inflation would result in a more abrupt increase in bitcoin value than BRK-A

15:25:27 ThickAsThieves: yes, yes is the aque color

15:25:33 ThickAsThieves: aqua*

15:25:49 assbot: [HAVELOCK] [CBTC] 1400 @ 0.00015 = 0.21 BTC [+]

15:28:39 LordPutin: wow i would take the no for sure

15:30:02 ThickAsThieves: http://techcrunch.com/2014/03/15/julie-ann-horvath-describes-sexism-and-intimidation-behind-her-github-exit/

15:30:02 ozbot: Julie Ann Horvath Describes Sexism And Intimidation Behind Her GitHub Exit | TechCrunch

15:30:11 ThickAsThieves: Well, LordPutin, go for it!

15:31:11 TomServo: mircea_popescu: You saying Senna dying fucked F1, or something else?

15:32:12 mircea_popescu: TomServo his dying resulted in them trying to fix "problems" which were wholly imaginary.

15:32:40 mircea_popescu: the point of life isn't to avoid people getting killed.

15:32:40 jurov: Hi all just checking from ski trip

15:33:11 ThickAsThieves: ick, skiing

15:33:24 jurov: Any blog abut the brk-a bet background?

15:33:43 TomServo: mircea_popescu: I don't see the harm in making it a bit safer, the danger is still present

15:34:01 jurov: And sorry for all coinbr X.EUR holders, y'all will be sorted out tonight

15:34:18 jurov: The exp tends to fall to most inconvenient times

15:34:22 ThickAsThieves: wrestling got stupid when it tried to mature

15:34:35 ThickAsThieves: it should have always been a superhero cartoon

15:34:58 assbot: [HAVELOCK] [CFIG] 1 @ 0.10099644 BTC [-]

15:35:10 mircea_popescu: TomServo hey, what can i tell you. it's not that i didn't like it because they made safer

15:35:17 mircea_popescu: it's just... once they made it safer it became whatever.

15:35:33 ThickAsThieves: i think they also got distracted by Ultimate Fighting

15:35:47 mircea_popescu: "Holy moly - someone bet 1000 xbt. Is that you, Roger?"

15:35:52 mircea_popescu: gotta love reddits :D

15:36:06 TomServo: mircea_popescu: so if someone dies this year, you back in? :D

15:36:16 jurov: ThickAsThieves: i hope that's not related to teh bitbet :P

15:36:17 mircea_popescu: lol

15:36:26 mircea_popescu: i loved senna too. it

15:36:36 mircea_popescu: s just... worst fucking thing you can do in memory of someone who died

15:36:40 mircea_popescu: make the thing he died for die with him.

15:37:58 ThickAsThieves: the BRK bettor already saying he won't bet cuz it's in bitcoin

15:38:10 ThickAsThieves: http://www.reddit.com/r/Bitcoin/comments/20jxdg/bitcoin_baron_bets_bitcoin_beats_berkshire/cg3z8yi

15:38:54 mircea_popescu: derp.

15:39:11 mircea_popescu: i thought he won't bet because all he had was a 25 bitcent share.

15:42:49 mircea_popescu: http://www.reddit.com/r/Bitcoin/ < look, it's on the hotlist.

15:42:49 ozbot: Bitcoin

15:43:06 assbot: [HAVELOCK] [RENT] 18 @ 0.00565901 = 0.1019 BTC [+] {2}

15:46:40 ThickAsThieves: doesnt appear as hot for me, maybe cuz i posted it?

15:59:22 assbot: [HAVELOCK] [B.MINE] [PAID] 2.30790962 BTC to 3`901 shares, 59162 satoshi per share

16:10:34 assbot: [MPEX] [S.MPOE] 1775 @ 0.0008949 = 1.5884 BTC [+]

16:17:40 assbot: [HAVELOCK] [PETA] 4 @ 0.07 = 0.28 BTC [+]

16:18:42 assbot: [MPEX] [S.MPOE] 5300 @ 0.0008949 = 4.743 BTC [+]

16:21:24 Apocalyptic: .d

16:21:24 ozbot: 4.250 billion | Next Diff in 1456 blocks | Estimated Change: 8.4784% in 9d 5h 55m 19s

16:26:21 copumpkin: mircea_popescu: hardcore :)

16:26:49 assbot: [HAVELOCK] [CFIG] 9 @ 0.08605557 = 0.7745 BTC [-] {3}

16:32:55 assbot: [HAVELOCK] [B.MINE] 15 @ 0.05367992 = 0.8052 BTC [+] {8}

16:41:03 assbot: [MPEX] [S.MPOE] 4150 @ 0.00088955 = 3.6916 BTC [-] {2}

16:47:10 assbot: [HAVELOCK] [CBTC] 3663 @ 0.00014283 = 0.5232 BTC [-] {10}

16:49:12 assbot: [MPEX] [S.MPOE] 10400 @ 0.00088898 = 9.2454 BTC [-] {2}

16:57:19 assbot: [MPEX] [S.MPOE] 16100 @ 0.0008905 = 14.3371 BTC [+] {2}

17:10:08 matthew_boyd: mircea_popescu: did you put a 1000 btc bet that Bitcoin would be worth more than Bershire?

17:11:36 LordPutin: thatpoor guy is going to loose 1000 btc :/

17:12:19 pizzaman1337: matthew_boyd: "worth more than Berkshire" doesn't accurately describe the bet, at all: http://bitbet.us/bet/786/bitcoin-to-surpass-berkshire-as-an-investment/

17:13:01 matthew_boyd: You get what I mean, I phased it poorly, I know.

17:26:48 assbot: [MPEX] [S.MPOE] 4375 @ 0.00089437 = 3.9129 BTC [+]

17:30:53 assbot: [HAVELOCK] [PETA] 2 @ 0.07 = 0.14 BTC [+]

17:39:00 assbot: [MPEX] [S.MPOE] 1800 @ 0.00089409 = 1.6094 BTC [-]

17:51:38 datz_: hey

17:53:21 datz_: i run an crypto assets company. how can i get involved with assbot?

18:06:53 taub: get it listed in an exchange

18:07:28 assbot: [MPEX] [S.MPOE] 7300 @ 0.00088834 = 6.4849 BTC [-]

18:12:33 assbot: [HAVELOCK] [NEOBEE] 139 @ 0.00345 = 0.4796 BTC [+]

18:13:34 assbot: [MPEX] [S.MPOE] 12738 @ 0.00089022 = 11.3396 BTC [+] {3}

18:17:38 assbot: [HAVELOCK] [CBTC] 1000 @ 0.00014999 = 0.15 BTC [+] {3}

18:18:39 assbot: [MPEX] [S.MPOE] 9150 @ 0.00088777 = 8.1231 BTC [-]

18:32:06 mircea_popescu: datz_ there's a link on the website, check topic

18:32:53 mircea_popescu: holy shit... i go on twitter, "76 new interactions"

18:32:57 mircea_popescu: i've been interacted to all hell

18:42:11 mircea_popescu: copumpkin mircea h popescu

18:43:32 datz_: how do we list on MPEX?

18:45:09 thestringpuller: lol

18:46:17 mircea_popescu: ;;gettrust datz_

18:46:17 gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user datz_: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=datz_ | WoT data: http://b-otc.com/vrd?nick=datz_ | Rated since: never

18:46:24 mircea_popescu: well, some trust would help. who are you ?

18:46:42 datz_: i run a company we want listed

18:46:52 datz_: that does crypto assets

18:47:15 mircea_popescu: that's maybe what are you doing. who are you ?

18:47:36 datz_: CEO

18:48:04 mircea_popescu: this is going great so far.

18:49:24 datz_: i run https://peercover.com and sponsor http://openxrptalk.com

18:49:59 datz_: we want to pay homage and do a funding round on MPEX

18:50:05 Apocalyptic: you will find much XRP love around here

18:50:39 datz_: we do BTC/XRP/DOGE/NXT/ETH/PPC/NCM/AUR you name it

18:51:34 datz_: we have 5 additional people we need to hire

18:53:04 mircea_popescu: datz_ thats nice, but listing is purely a fiduciary exercise. you have to be trusted, for which you have to be known. so you know, spend a year reading the logs.

18:53:04 datz_: we have two exchanges, a betting platform, an insurance platform, an investment platform, a credit and wallet platform, a chat platform - all in one

18:54:04 datz_: i am well known

18:54:14 copumpkin: yeah, this ain't glbse ya know

18:54:19 datz_: just don;t use IRC

18:54:20 *: copumpkin runs

18:54:41 datz_: i built my own chat platforms - have no need for IRC

18:54:57 copumpkin: datz_: IRC isn't about the platform, it's about who you find on it

18:55:03 copumpkin: I've built my own chat programs but nobody is on them :P

18:55:21 copumpkin: where else can I find someone like mircea_popescu?

18:55:26 datz_: the one guy i worked with used IRC stole 2.8 million XRP from me

18:55:44 datz_: so i don;t trust people on IRC

18:55:45 mircea_popescu: sucks huh.

18:55:45 Apocalyptic: how is that relevant ?

18:55:59 copumpkin: hey, this guy I spoke to once pickpocketed me

18:56:00 datz_: why i don't use IRC or have trust here

18:56:03 copumpkin: so I never talk to people in person anymore

18:56:24 copumpkin: makes my work life difficult but I survive

18:56:36 mircea_popescu: and now for the hardest task of all : to attend to my 173 messages inbox, which so far all consist of "hey you're so cool!"

18:56:41 copumpkin: lol

18:56:42 mircea_popescu: i hope you're jealous kakobrekla

18:56:58 mircea_popescu: im getting carpal over here just downloading all these cookies.

18:57:29 copumpkin: mircea_popescu: please allow me to fellate you

18:57:31 mircea_popescu: copumpkin i guess it's kinda difficult for outsiders to realise just how deep, powerful and far reaching irc is.

18:57:49 copumpkin: mircea_popescu: not sure if you're being sarcastic, but I actually do think it's a pretty great thing

18:57:52 copumpkin: the tech is shit

18:58:14 mircea_popescu: no, i was being plain. shit or not shit, i'm here after all.

18:58:20 copumpkin: yeah

18:58:30 mircea_popescu: tcp/ip is shit for that matter.

18:59:03 datz_: ok darn so IRC is too cheeky and suspicious to let me list here. don't say i didn't offer you the opportunity. will just have to stick with my own decentralized exchange :)

18:59:10 copumpkin: lol

18:59:12 chetty: its the modern form of the gentlemans club :P

18:59:22 *: copumpkin cries a river

18:59:57 Apocalyptic: "decentralized exchange" // I guess this guy has it all

19:00:09 copumpkin: he has his own chat platform, his own decentralized exchange

19:00:17 copumpkin: never mind that nobody uses either of them, at least he can use them

19:00:53 mircea_popescu: lmao cheeky what ?

19:00:56 mircea_popescu: opporunity ?

19:01:01 mircea_popescu: dudes gotta come off their pipe.

19:04:31 kakobrekla: i only got 173 less than you.

19:05:39 mircea_popescu: so guise, we need to sit together and come up with a strategy to attract more dudes who don't know who they are but suspect it may be ceo in this thing of ours.

19:05:56 mircea_popescu: i believe it's called adoption

19:06:01 mircea_popescu: or penetration, or something.

19:06:30 copumpkin: mircea_popescu: I know what. I have this LLC I use for money laundering and it's super profitable. If you pay me 10k btc, I'll let you list it on your exchange.

19:07:16 mircea_popescu: has it been started 2 weeks ago through lying on a common bank application, all constructed on the basis of some material a website mailed you ?

19:07:42 copumpkin: omg you participate in that program too?

19:07:43 copumpkin: dammit

19:07:49 mircea_popescu: no this is a different one.

19:09:47 mircea_popescu: http://www.wowwiki.com/User_talk:5.153.234.66

19:09:48 ozbot: User talk:5.153.234.66 - WoWWiki - Your guide to the World of Warcraft

19:09:49 mircea_popescu: sheeit.

19:09:57 mircea_popescu: dude come back

19:10:11 mircea_popescu: please ipo your wow character.

19:17:40 mircea_popescu: ? Despite its generally female-friendly environment, Horvath claims that she had ?a really hard time getting used to the culture, the aggressive communication on pull requests and how little the men [she] worked with respected and valued [her] opinion.?

19:18:08 mircea_popescu: dude how come every single obnoxious bitch out there imagines she's entitled to misrepresent her broken mental processes as "a problem of women everywhere" ?

19:18:15 mircea_popescu: women everywhere are emphatically not as stupid as her.

19:18:38 assbot: [HAVELOCK] [PETA] 10 @ 0.067963 = 0.6796 BTC [-] {4}

19:18:39 assbot: [MPEX] [S.MPOE] 8650 @ 0.00088771 = 7.6787 BTC [-] {2}

19:18:46 mircea_popescu: what's more, they're stupid in their own private personal ways, which differ from hers, even should she "feel" it's not fair that should be the case.

19:19:39 assbot: [HAVELOCK] [AM1] 2 @ 0.6105 = 1.221 BTC [-] {2}

19:20:40 assbot: [HAVELOCK] [CFIG] 5 @ 0.0902 = 0.451 BTC [+] {3}

19:23:43 assbot: [HAVELOCK] [B.SELL] 10 @ 0.06813999 = 0.6814 BTC [+] {8}

19:23:44 assbot: [HAVELOCK] [B.MINE] 3 @ 0.05281003 = 0.1584 BTC [-] {2}

19:23:45 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.11950724 BTC [-]

19:25:46 KRS-1: .bait

19:25:47 ozbot: http://25.media.tumblr.com/tumblr_m3f4uf0YZb1qf0gljo1_500.jpg

19:25:59 KRS-1: This bait sucks.

19:26:27 KRS-1: Unsatisfactory .bait links lately.

19:27:26 mircea_popescu: http://31.media.tumblr.com/5baf1143cb19e88642fe6415d6df5549/tumblr_msaglaHUnU1raljz5o1_1280.jpg

19:27:32 mircea_popescu: you're spoiled rotten is your problem.

19:29:53 sheldonthomas: ;;gettrust sheldonthomas

19:29:54 gribble: WARNING: Currently not authenticated. Trust relationship from user sheldonthomas to user sheldonthomas: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=sheldonthomas | WoT data: http://b-otc.com/vrd?nick=sheldonthomas | Rated since: never

19:30:42 mircea_popescu: sheldonthomas trying to decide if you should trust yourself ?

19:37:40 sheldonthomas: yeah it's existential

19:39:37 mircea_popescu: it works better like this :

19:39:45 mircea_popescu: ;;gettrust copumpkin

19:39:46 gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user copumpkin: Level 1: 6, Level 2: 38 via 21 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=copumpkin | WoT data: http://b-otc.com/vrd?nick=copumpkin | Rated since: Mon Jun 20 16:53:19 2011

19:39:50 KRS-1: .bait

19:39:51 ozbot: http://24.media.tumblr.com/tumblr_m3qn7zfhOg1r7wy42o1_500.jpg

19:40:00 copumpkin: w00t

19:40:05 KRS-1: whoa a sista

19:40:54 sheldonthomas: ;;gettrust mircea_popescu

19:40:55 gribble: WARNING: Currently not authenticated. Trust relationship from user sheldonthomas to user mircea_popescu: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=mircea_popescu | WoT data: http://b-otc.com/vrd?nick=mircea_popescu | Rated since: Fri Jul 22 11:04:26 2011

19:40:59 KRS-1: http://www.youtube.com/watch?v=9JhsUFuqbCM

19:40:59 ozbot: Velvet Revolver - Fall To Pieces - YouTube

19:41:48 mircea_popescu: basically it's a graph walker. as you're unconnected all your results will be 0 0 0

19:43:00 sheldonthomas: i hadn't seen that graphing function. very nice. i lost my gpg key i registered on otc from 2011

19:45:39 sheldonthomas: ;;book

19:45:40 gribble: (book <thing>) -- Get a list of open orders for <thing>. Web view: http://bitcoin-otc.com/vieworderbook.php

19:45:51 sheldonthomas: ;;book btcusd

19:45:51 gribble: Error: No orders for this currency present in database.

19:46:27 sheldonthomas: ;;book BTC

19:46:27 gribble: Error: Too many orders to list on IRC. Visit the web order book, http://bitcoin-otc.com/vieworderbook.php?eitherthing=BTC to see list of orders for this item.

19:46:40 sheldonthomas: ;;book USD

19:46:40 gribble: Error: Too many orders to list on IRC. Visit the web order book, http://bitcoin-otc.com/vieworderbook.php?eitherthing=USD to see list of orders for this item.

19:48:44 sheldonthomas: hey mircea where do i register a new keypair

19:51:32 ThickAsThieves: i figured it out with zero experience

19:51:35 ThickAsThieves: read

19:51:42 ThickAsThieves: the wot link has links

19:52:08 ThickAsThieves: ;;google bitcoin wot

19:52:09 gribble: #bitcoin-otc: http://bitcoin-otc.com/; #bitcoin-otc web of trust: http://bitcoin-otc.com/trust.php; #bitcoin-otc web of trust data: http://bitcoin-otc.com/viewratings.php

19:54:56 thestringpuller: ThickAsThieves is a n00b with da cryptos

19:59:02 mircea_popescu: sheldonthomas http://wiki.bitcoin-otc.com/wiki/GPG_authentication

20:03:26 sheldonthomas: ;;gettrust sheldonthomas

20:03:27 gribble: Currently authenticated from hostmask sheldonthomas!~sheldonth@207-38-147-49.c3-0.avec-ubr2.nyr-avec.ny.cable.rcn.com. Trust relationship from user sheldonthomas to user sheldonthomas: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=sheldonthomas | WoT data: http://b-otc.com/vrd?nick=sheldonthomas | Rated since: never

20:03:55 sheldonthomas: boy that hostmask sure is revealing

20:04:12 sheldonthomas: ;;get trust ThickAsThieves

20:04:12 gribble: Error: The command "get" is available in the Dunno, Herald, and Topic plugins. Please specify the plugin whose command you wish to call by using its name as a command before "get".

20:04:19 sheldonthomas: ;;gettrust ThickAsThieves

20:04:19 gribble: Currently authenticated from hostmask ThickAsThieves!~ThickAsTh@unaffiliated/thickasthieves. Trust relationship from user sheldonthomas to user ThickAsThieves: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=sheldonthomas&dest=ThickAsThieves | WoT data: http://b-otc.com/vrd?nick=ThickAsThieves | Rated since: Sat Mar 2 11:19:18 2013

20:04:55 mircea_popescu: you can do that in private with gribble too.

20:05:24 assbot: [HAVELOCK] [NEOBEE] 43 @ 0.0034895 = 0.15 BTC [+]

20:09:28 assbot: [MPEX] [S.MPOE] 16450 @ 0.00088747 = 14.5989 BTC [-] {3}

20:09:53 joecool: ;;ident gribble

20:09:53 gribble: Nick 'gribble', with hostmask 'gribble!~gribble@unaffiliated/nanotube/bot/gribble', is not identified.

20:09:57 joecool: it's a fake

20:10:46 mircea_popescu: faux gribble

20:14:33 assbot: [MPEX] [S.MPOE] 12037 @ 0.00088553 = 10.6591 BTC [-] {2}

20:19:38 assbot: [MPEX] [S.MPOE] 5400 @ 0.00088509 = 4.7795 BTC [-]

20:27:46 assbot: [MPEX] [S.MPOE] 1750 @ 0.00088509 = 1.5489 BTC [-]

20:35:57 sheldonthomas: Isn't it advantageous to make small bets against large ones on bitbet, since regardless of what you believe the odds are, you are splitting a larger winning pool from the other side

20:47:25 Mats_cd03: why dont you make a small wager against every large bet then

20:51:02 mircea_popescu: i didnt follow the logic of that.

20:53:11 ThickAsThieves: depends on your goal sheldon

20:53:35 ThickAsThieves: obviously there is more to gain, but you can still lose 100%

20:53:59 ThickAsThieves: however, if you feel the large bet is correct, like in this case of this BRK one

20:54:14 ThickAsThieves: you'd want to bet both sides while the weight is in your favor

20:54:27 ThickAsThieves: this assumes the No's won't ruin that weight

20:54:34 ThickAsThieves: on your hedge bet

20:55:10 ThickAsThieves: the expense to hedge being very cheap

20:55:17 ThickAsThieves: when a bet is 1000:1

20:55:26 Mats_cd03: dont grace that with a response, he cant be so dumb as to share a simplistic thought like that

20:56:38 ThickAsThieves: a great phenomenon of this bet, is people thinking like him

20:56:53 ThickAsThieves: they see it like a scratcher

20:57:17 ThickAsThieves: sure i think btc will win! but dat odds! i'm willing to throw .001 against that!

20:57:36 Mats_cd03: its context dependent and if you cant handle high school probability you will be ignored by the universe

20:59:39 ThickAsThieves: "Agreed. Looks good. But what I don't get is the huge jump to 41,734.95 in total earned BTC.

20:59:39 ThickAsThieves: Is it caused by the acquisition of bit777 etc. or is this a mistake?"

20:59:44 ThickAsThieves: "No - arithmetic error in the calculation. Fixed - thanks for point it out!"

20:59:48 ThickAsThieves: lol

21:00:26 Mats_cd03: and occasionally having your wages garnished by things like the brk-a bet or slot machines because youre too stubborn to understand probabilities

21:01:07 ThickAsThieves: after that pumper was here this morning claming CBTC would double in value, they issue a report saying they lost money

21:02:03 ThickAsThieves: i'm offended that erik's reddit thread on the bet gets more shine than mine :(

21:03:40 Mats_cd03: bad PR in erik's thread for mpoe

21:06:21 ThickAsThieves: "Hence why the bet is in bitcoins - zero risk for the better and something only an idiot would participate in. I'm sure buffet's seen this one before but most of the morons on this subreddit have not."

21:06:23 ThickAsThieves: zero risk!

21:06:24 assbot: [MPEX] [S.MPOE] 16218 @ 0.00088694 = 14.3844 BTC [+] {2}

21:08:17 Mats_cd03: i didnt realize until i read the fraudsters post that the brk-a bet originated from mp

21:09:12 Mats_cd03: i feel thats a missed pr opportunity

21:09:51 ThickAsThieves: seriously?

21:09:57 ThickAsThieves: i assumed immediately

21:10:15 ThickAsThieves: he posts about the bet and elaborates, and people still think it's erik...

21:10:30 ThickAsThieves: the originating reddit link points to mp's blog

21:11:29 Mats_cd03: the link with the most traffic points to bitbet

21:13:19 ThickAsThieves: which boggles my mind

21:13:34 ThickAsThieves: mine even has a better headline!

21:14:09 ThickAsThieves: i guess i need to work on my brand

21:14:13 ThickAsThieves: and jesushood

21:14:30 Mats_cd03: i'll perforate your hands for a small fee

21:15:03 ThickAsThieves: sadly thats not enough these days

21:15:28 ThickAsThieves: i'd need to start preaching and using words like community, decentralization, and such

21:15:53 ThickAsThieves: sad that in order to be jesus one must sell their soul

21:18:17 mircea_popescu: Ansgar John @ErikVoorhees @WarrenBuffett @Mircea_Popescu a year is a much too short amount of time to say much. Bet him 15 years and he might take it.

21:18:17 mircea_popescu: Mircea Popescu And yet he publishes yearly statements.

21:18:17 mircea_popescu: Ansgar John which state the results 'in any given quarter or year are often meaningless. '

21:18:17 mircea_popescu: Mircea Popescu Yes well, I once asked a married woman to my hotel room. She said no and yet showed up.

21:18:34 mircea_popescu: why do people have so much difficulty groiking the supremacy of action over speech is beyond me.

21:20:31 Mats_cd03: because you can never win on the internet

21:20:56 mircea_popescu: o that. myeah.

21:22:03 mircea_popescu: Mar 05 03:06:20 <mircea_popescu> when i do hidden in plain sight, it's hidden. when the usg tries it, it's snowdened.

21:23:27 mircea_popescu: ThickAsThieves lol epic that shit. "o we just arithmeticed 47k earned income. shoulda been in bitcents. oops"

21:36:26 Apocalyptic: <tianrui81317> where to find people to make bitcoin related website for me? thanks

21:36:36 Apocalyptic: <tianrui81317> I want to build a website absolutely similar to bitbet

21:36:44 Apocalyptic: sigh, but seems the PR move worked

21:55:19 mircea_popescu: lmao

21:55:25 mircea_popescu: clearly, bad pr and missed oportunities.

21:56:13 assbot: [MPEX] [S.MPOE] 13784 @ 0.00088721 = 12.2293 BTC [+]

21:56:55 Hirethestache: Is there a bitbet authy here?

21:57:02 mircea_popescu: what's an authy

21:57:18 Hirethestache: authorized manager/admin

21:57:26 Hirethestache: sorry, hah

21:57:26 mircea_popescu: myeah.

21:57:50 mircea_popescu: "Buffett, Bitcoin Bear, Believes Berkshire Better Bet Because Bitcoin's Bubble Bound to Burst"

21:57:59 mircea_popescu: seems tat created a... beast ?

21:58:15 assbot: [HAVELOCK] [SFI] 279 @ 0.00088959 = 0.2482 BTC [+]

21:59:36 mircea_popescu: btw guise : where to find people to make fiat related website for me? thanks. I want to build a website absolutely similar to obamacare.

22:04:40 mircea_popescu: Bet started: 8 hours 20 minutes ago. Confirmed bets: 63 ( No: 56 / Yes: 7 )

22:04:48 mircea_popescu: i'm really blown away by the yes bets.

22:10:27 assbot: [MPEX] [S.MPOE] 7150 @ 0.00088721 = 6.3436 BTC [+]

22:14:58 nubbins`: any of you folks collect bullion?

22:15:25 bitcoinpete: a little

22:15:40 nubbins`: i just took a gold buffalo out of the packaging

22:15:43 nubbins`: really really poor strike

22:15:48 nubbins`: wondering if that's a common thing

22:16:32 bitcoinpete: they probably can't stamp them fast enough to keep up with people who haven't heard of BTC

22:16:57 nubbins`: heh.

22:17:02 mircea_popescu: i hear modern coins are all shit

22:17:16 nubbins`: nothing but good from the RCM

22:17:19 nubbins`: but this buffalo is fucked

22:17:26 nubbins`: seriously, the edge isn't even a uniform thickness

22:17:37 bitcoinpete: brutal

22:17:40 nubbins`: yeah

22:17:46 bitcoinpete: ya my stuff is all rcm

22:17:48 nubbins`: and there's a sharp ridge by the fatter part

22:17:49 mircea_popescu: maybe keep it as "error"

22:17:54 nubbins`: lel

22:17:59 nubbins`: ULTRA RARE ERROR BUFFALO

22:18:02 nubbins`: that's not a bad idea

22:18:18 bitcoinpete: as rare as the buffalo itself

22:18:32 mircea_popescu: fun fact : the buffalo is worth like 2k, and yet nominal face value would be like $50

22:18:37 mircea_popescu: wonders of inflation

22:19:30 nubbins`: yeah, $50 FV

22:19:36 assbot: [HAVELOCK] [PETA] 2 @ 0.067501 = 0.135 BTC [-]

22:19:43 nubbins`: kind of a shit design too

22:19:55 mircea_popescu: isn't it the old nickel indian face ?

22:20:06 nubbins`: there's an indian of some sort on it

22:20:15 nubbins`: which is, itself, a bit of a lel

22:20:56 nubbins`: like putting a jew on the deutsche mark in the 1940s

22:21:22 nubbins`: or having an office building here in newfoundland called the BEOTHUK BUILDING

22:22:09 mircea_popescu: if i were designing the reichsmarks in 1940

22:22:09 ThickAsThieves: <mircea_popescu> i'm really blown away by the yes bets. /// why's that?

22:22:21 mircea_popescu: you bet your sweet ass there'd have been a topless jewish girl on the 2 mark piece

22:22:51 mircea_popescu: ThickAsThieves i just didn't imagine anyone'd be doing it. i'm not saying it's a bad idea or anything, just, not what i had imagined.

22:23:01 bitcoinpete: the higher the denomination, the more lewd

22:23:29 bitcoinpete: 100 reichsmark would be a full on orgy

22:23:33 mircea_popescu: nah, 5 marks could be tractors or w/e they did

22:23:56 mircea_popescu: "face of ugly guy with mustache"

22:25:40 joecool: nubbins`: never noticed you're newfie, i'll be there for like a month this summer

22:26:01 nubbins`: ah, no way

22:26:04 nubbins`: business or pleasure?

22:26:21 joecool: nubbins`: pleasure, gf's parents own a house there

22:26:30 joecool: lettin us use it for a month

22:26:33 mircea_popescu: they have houses in canada ?!

22:26:41 joecool: mircea_popescu: yeah iknorite?

22:26:44 nubbins`: heh

22:26:49 nubbins`: whereabouts in nl?

22:26:53 bitcoinpete: out of mud, yes

22:27:10 bitcoinpete: and teepees are totally houses

22:27:23 joecool: nubbins`: i'm not entirely sure, i think it's around bay bull's though

22:27:31 nubbins`: ah, my mother is from bay bulls.

22:28:04 nubbins`: on the off chance, what's their last name?

22:28:18 joecool: kennedy

22:28:28 mircea_popescu: twist : nubbins` discovers his gf was doing double time

22:29:02 nubbins`: ah, k, probably no relation there :D

22:29:02 joecool: prob doesn't help much, pretty common name

22:29:11 nubbins`: my brother in law is a kennedy, but he's from habour grace

22:29:29 joecool: i've never been there, gf lives on ontario, i live in dirty jerz

22:29:31 nubbins`: go on a whale watching tour when you're out there

22:29:41 ThickAsThieves: anyone know the best bitcoin wallet for debian? I'm having trouble getting one to install

22:29:48 joecool: nubbins`: you ever see the lights?

22:29:56 nubbins`: nah, too far south

22:30:39 joecool: for normal circumstances, just need to keep an eye on when storms flare up, last year i saw them once all the way down here

22:31:20 nubbins`: nod

22:31:56 bitcoinpete: mircea_popescu: maybe the "yes" bettors figure bitbet can keep their coins safer than they can?

22:32:19 nubbins`: joecool: if you're into hiking, the east coast trail from bay bulls to witless bay (and back on the railway bed) is a good one

22:32:33 mircea_popescu: bitcoinpete this has been remarkably true in many cases so far.

22:32:38 mircea_popescu: especioally visible on lengthy bets.

22:32:45 joecool: nubbins`: will note that

22:33:07 nubbins`: a lot of legs of the trail, you need either two cars or you double back. this particular one, you can make a loop of it

22:33:28 nubbins`: ah, that bet is the top post on /r/Bitcoin right now

22:35:56 nubbins`: i honestly have to lel at facebook sometimes

22:36:13 nubbins`: cbc shares a video of a bunch of porpoises dying in the water near a supply ship that ran aground

22:36:17 nubbins`: "14 people like this"

22:36:30 mircea_popescu: maybe they were likeable corpses.

22:36:30 bitcoinpete: haha

22:36:52 joecool: should bring back the "become a fan" button

22:36:52 nubbins`: "lost my baby today, feels like my heart has been ripped from my chest"

22:36:55 nubbins`: 3 people like this

22:38:38 mircea_popescu: "After my gangrape last night the doctors had some bad news :

22:38:44 mircea_popescu: Not just HIV, but also cancer."

22:38:54 nubbins`: "i'll never have kids"

22:38:58 nubbins`: 50 people like this

22:39:48 mircea_popescu: http://www.reddit.com/r/Bitcoin/comments/20k63o/almost_50000_are_being_bet_that_1_btc_will_reach/

22:39:48 ozbot: Almost $50,000 are being bet that 1 BTC will reach $10 000 before December 201 : Bitcoin

22:40:00 mircea_popescu: lol reddit discovers bitbet. the first page is like full of bitbet stuff nao

22:40:07 nubbins`: december 201

22:40:11 joecool: mircea_popescu: makin it rain

22:41:04 nubbins`: there's a few "don't give money to bitbet, scam, see this link" posts on everything related to bitbet that goes up

22:41:11 nubbins`: without fail

22:41:41 mircea_popescu: open market beagles all contain a little shit.

22:41:46 mircea_popescu: it's how the open market works.

22:42:17 nubbins`: gsdgdfs, do you even irc?

22:43:56 mircea_popescu: this net is very slutty.

22:44:40 nubbins`: *.net *.slut

22:45:24 mircea_popescu: "Soooo.... I used a site in november called betsofbitco.in or something like that and i made a couple bets. Both have passed their date and still are awaiting decisions for 3 months now. I should be winning these bets but there seems to be nothing happening. Anyone know if that site is a scam"

22:46:02 assbot: [HAVELOCK] [B.MINE] 6 @ 0.05308993 = 0.3185 BTC [-] {5}

22:49:09 nubbins`: imagine

22:50:01 mircea_popescu: i learn a lot from reading reddit

22:50:39 nubbins`: you're in the minority, then

22:50:45 nubbins`: except for the people in /r/til

22:50:50 steven-__: https://twitter.com/aantonop/status/445300279030710272

22:50:51 ozbot: Twitter / aantonop: Planning a podcast on sexism ...

22:51:21 nubbins`: steven-__: golden hookers at conferences?

22:51:40 mircea_popescu: lol the golden hooker... that sounds like a decent bitcoiner bar.

22:51:41 nubbins`: honestly, i'd be embarassed to be seen at any bitcoin event

22:51:49 nubbins`: so many neckbeards and wizards

22:51:51 mircea_popescu: there could be an old crack whore chained to a wall in the bathroom, gilt.

22:52:02 mircea_popescu: to represent our profound respect and deep use for precious metals.

22:53:12 freeroute: won't multisig tx's make stuff like bitbet more 'safer' to use?

22:54:32 steven-__: safe is always the first word that comes to mind when i think of 3rd party and bitcoin

22:55:05 freeroute: yeah, centralized solutions to a decentralized protocol aren't always a good thing

22:55:22 mircea_popescu: freeroute apparently the people who make the calls in bitcoin don't give a shit about particular dead horse tropes.

22:55:30 mircea_popescu: neckbeards will have to learn to live with it.

22:55:50 freeroute: what particular dead horse tropes are you referring to?

22:56:00 mircea_popescu: "multisig tx make things safer"

22:58:22 freeroute: I guess it depends on the application, it won't make everything safe

22:58:37 mircea_popescu: exactly.

22:58:45 mircea_popescu: if you think about it : sites like bitbet require the power to pay winners.

22:58:49 mircea_popescu: with losers' btc.

22:59:12 mircea_popescu: so what exactly ? if you trust the site to adjudicate, you trust the site to hold the btc. there's nothing meaningful to gain by a separation

22:59:19 mircea_popescu: unless the site itself implements it, which it probably does.

23:00:02 Mats_cd03: bitbet doesnt need smart contracts for what it does

23:00:20 Mats_cd03: is that the killer feature you are seeing in bitbet with multisig tx

23:01:36 freeroute: I guess, not sure about the exact implementation, but it would certainly help bitbet's trust not being able to run away with the BTC

23:02:20 freeroute: but then again, betting would then be limited to only certain bets

23:02:42 Mats_cd03: if you implemented it then heres whats going to happen:

23:03:12 Mats_cd03: people say the same things about bitbet operations, but this time they accuse third_party in the same breath

23:03:19 assbot: [MPEX] [S.MPOE] 2000 @ 0.00088607 = 1.7721 BTC [-]

23:03:24 cazalla: steven-__: he won't attend conferences unless they have a sexual harassment policy in place as well, the guy is a total SJW

23:03:50 mircea_popescu: freeroute you've somehow entirely glossed over what was said.

23:04:01 mircea_popescu: inasmuch as bitbet can resolve bets, it can run off with all btc whether you multisig or not.

23:04:15 steven-__: what a clown

23:04:17 mircea_popescu: the reason bitbet is trusted is for proper reasons, ie, being run by trustworth people.

23:04:25 Mats_cd03: and then you've also created a game theoretic scenario where all involved parties can potentially be robbed

23:04:30 mircea_popescu: not because of improper nonsense, such as "it couldn't gyp us".

23:05:27 mircea_popescu: i understand that there's a very strong desire in the socially-challenged for replacing girlfriends with porn, but that's not how finance works.

23:05:32 mircea_popescu: or copulation, for that matter.

23:05:50 mircea_popescu: you'll always need people. and that's a good thing, because if you didn't the planet'd be pretty darn barren by now.

23:08:24 assbot: [HAVELOCK] [PETA] 26 @ 0.06538076 = 1.6999 BTC [-] {6}

23:08:33 freeroute: well yeah at this point I can't see bitbet implementing such a thing because of the nature of the bets (the bets would then be binary and somehow be validated for provably true)

23:08:43 Mats_cd03: of party (you, her, and third_party), the following set [(third_party,her), (you,her), (you,third_party)] represents who can collude to screw you, third_party, and her

23:09:49 freeroute: but I do hope that trust will get out of people's hands into the hands of cryptography. Because generally, people are not a good thing, and never were.

23:10:26 assbot: [HAVELOCK] [B.SELL] 7 @ 0.06976999 = 0.4884 BTC [+] {7}

23:10:27 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05200601 = 0.104 BTC [-] {2}

23:12:13 mircea_popescu: freeroute that's nonsense.

23:12:41 mircea_popescu: communism had a better shot than that.

23:14:26 freeroute: you didn't have applied mathematics you have now in the 'haydays' of communism

23:14:30 assbot: [HAVELOCK] [AM100] 21 @ 0.00587047 = 0.1233 BTC [-] {3}

23:14:40 mircea_popescu: if I. you see ?

23:15:25 mircea_popescu: applied mathematics still has to be applied. and i was there when communism fell, and i saw no mathematics anywhere around me.

23:15:29 mircea_popescu: twas just a sea of people.

23:16:11 freeroute: the point is, that right now we have a distributed asset class / currency protected by cryptography. It shifts trust from centralized models to a distributed one. That could be seen as step 1.

23:16:47 freeroute: luckily, the technology which is getting built on top of it, will bring lots of such decentralizations

23:16:53 mircea_popescu: is the wot centralised or distributed in your nomenclature ?

23:17:03 freeroute: colored coins is also an example of this

23:17:09 nubbins`: colored fuckin coins

23:17:16 mircea_popescu: nubbins` you knew that was coming out.

23:17:18 nubbins`: what's unicorn cum an example of?

23:17:23 nubbins`: rainbows?

23:18:53 freeroute: mircea_popescu: difficult. I'd say both, I wouldn't trust it more then I would trust security through obscurity

23:19:02 freeroute: *than

23:19:40 freeroute: not sure about implementation of colored coins, but the concept is amazing

23:19:40 assbot: AMAZING COMPANY!

23:19:43 mircea_popescu: well then i'd propose you have no idea what you're talking about, if you use a nomenclature that fails to even split the world properly.

23:20:02 mircea_popescu: were i to decide to split all objects into heavy and light i could fucking tell you whether a breadbox is heavy or light.

23:20:55 freeroute: WOT can be as centralized or as decentralized as you make it, the trust could all lead to a central authority (or central authorities)

23:21:22 mircea_popescu: the wot dood.

23:21:25 mircea_popescu: ;;gettrust freeroute

23:21:25 gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user freeroute: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=freeroute | WoT data: http://b-otc.com/vrd?nick=freeroute | Rated since: Tue Apr 2 18:13:09 2013

23:21:27 mircea_popescu: that one

23:21:48 ThickAsThieves: freeroute, so decentralized protects people from scammers?

23:21:49 freeroute: web of trust, yes. Like the GPG WOT?

23:21:54 ThickAsThieves: interesting

23:22:04 freeroute: no, I didn't say that.

23:22:05 ThickAsThieves: tell me how

23:22:12 ThickAsThieves: what does it do again?

23:22:57 mircea_popescu: ThickAsThieves it protects people from having to bow down to their superiors, which idiots with delusions of independence loathe.

23:23:09 ThickAsThieves: does it?

23:23:22 mircea_popescu: ultimate autists' fantasy this, "trustless systems".

23:23:35 ThickAsThieves: humanless systems

23:23:38 mircea_popescu: exactly.

23:23:47 freeroute: ThickAsThieves: it makes stock issuance and distribution extremely resilient

23:24:02 ThickAsThieves: from what?

23:24:07 mircea_popescu: you.can.not.have.stocks.without.trusting.the.issuer.

23:24:08 mircea_popescu: jesus god.

23:24:24 freeroute: true, I didn't claim otherwise

23:24:38 ThickAsThieves: you claimed resilience

23:24:40 freeroute: but at least that prevents the exchange screwing everyone over

23:24:40 ThickAsThieves: to what?

23:24:54 mircea_popescu: freeroute and yet this is a solved problem in fiat too.

23:24:59 mircea_popescu: nyse never screwed anyone over.

23:25:01 mircea_popescu: how come ?

23:25:12 freeroute: closing exchanges, for one. over-zealous regulators is another.

23:25:26 ThickAsThieves: you can protect issuers from regulators?

23:25:33 mircea_popescu: ah this is too much, i'll bbl.

23:25:41 assbot: [MPEX] [S.MPOE] 3800 @ 0.00088607 = 3.3671 BTC [-]

23:25:47 nubbins`: WELL GREAT THERE GOES THE CONVERSATION

23:25:52 ThickAsThieves: lol

23:26:06 nubbins`: http://www.youtube.com/watch?v=fell1NPfWH0

23:26:06 ozbot: Well great, there goes the band Dollhouse - YouTube

23:26:12 freeroute: wasn't there a documentary about a CS guy who found out that stock exchanges (like the NYSE) were basically frauding people?

23:26:36 ThickAsThieves: you can't remove people from the system

23:26:59 freeroute: of course you can't, but you can minimize their impact on it

23:27:05 ThickAsThieves: you realize a good exchange actually plays a role

23:27:29 freeroute: which is?

23:27:41 ThickAsThieves: to provide a number of services

23:27:44 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05439423 = 0.1088 BTC [+]

23:27:55 ThickAsThieves: to the issuers, to regulators, to traders

23:28:15 ThickAsThieves: a decentralized one can't fill all roles

23:28:22 ThickAsThieves: it can only automate

23:29:03 ThickAsThieves: even then, don't most of these decentralized exchanges lean on less than 10 points of trust?

23:29:30 ThickAsThieves: is a decentralized stock exchange not able to be regulated?

23:29:33 freeroute: there isn't a decentralized CC exchange yet AFAIK

23:29:45 assbot: [HAVELOCK] [COG] 4 @ 0.03764609 = 0.1506 BTC [+] {3}

23:29:46 assbot: [HAVELOCK] [PETA] 8 @ 0.065 = 0.52 BTC [-]

23:29:57 ThickAsThieves: would anyone providing ledger services to a stock exchange not be regulatable?

23:30:38 freeroute: in the case of CC, wouldn't it itself be a ledger (or the blockchain itself being a ledger) ?

23:30:46 assbot: [HAVELOCK] [PETA] 18 @ 0.06318838 = 1.1374 BTC [-] {2}

23:30:55 freeroute: it would be regulated the same way BTC would, I assume

23:30:56 ThickAsThieves: (I realize this leads to arguments on bitcoin's susceptibility to regulation)

23:31:13 ThickAsThieves: BTC's regulatory future is not finalized yknow

23:31:19 ThickAsThieves: miners could come under it

23:31:46 ThickAsThieves: and likely will eventually

23:31:47 assbot: [HAVELOCK] [PETA] 5 @ 0.0630001 = 0.315 BTC [-] {2}

23:32:13 freeroute: hmm, I always thought that regulation in regards to BTC could only be applied at the "IRL" fiat-side of things

23:32:37 freeroute: so assume miners fall under the regulation, who's to say they won't employ techniques to evade that regulation?

23:32:39 ThickAsThieves: the USG for example cares most about two things

23:32:43 ThickAsThieves: money laundering

23:32:55 ThickAsThieves: and consumer protection

23:33:01 ThickAsThieves: in regards to btc at least

23:33:02 Mats_cd03: i fucking hate that phrase, 'money laundering'

23:33:14 Mats_cd03: i move to have it permanently banned from use

23:33:32 freeroute: ThickAsThieves: well, it's nice that they care.

23:33:41 ThickAsThieves: regulating that no miner may have more than XX% of the network power is not an absurd notion

23:33:49 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05438353 = 0.1088 BTC [-] {2}

23:33:50 assbot: [HAVELOCK] [B.SELL] 2 @ 0.06700052 = 0.134 BTC [-] {2}

23:33:51 assbot: [HAVELOCK] [B.EXCH] 1 @ 0.11950724 BTC [-]

23:34:18 freeroute: regulating that is also nice. But how would that be applied?

23:34:30 ThickAsThieves: not applied, enforced

23:34:31 nubbins`: it wouldn't

23:34:33 Mats_cd03: you could not enforce that

23:34:37 ThickAsThieves: well

23:34:45 Mats_cd03: without a centralization authority which the protocol lacks for this purpose

23:34:45 ThickAsThieves: someone is caught doing it, for example

23:34:47 nubbins`: trivial to circumvent

23:34:51 ThickAsThieves: they are hauled in

23:35:05 ThickAsThieves: well many laws are trivial to circumvent

23:35:11 ThickAsThieves: doesnt stop them from existing

23:35:13 nubbins`: too true

23:35:34 nubbins`: "no miner may mine more than XX TH/s from the same IP"

23:35:46 freeroute: enforced was the word I was looking for indeed

23:35:48 ThickAsThieves: maybe ASICMINER grunt whistleblows in 2017

23:35:56 ThickAsThieves: doesnt have to be easy to catch someone

23:36:35 ThickAsThieves: it would just be such that someone breaking a law, would now know so

23:36:55 ThickAsThieves: of course people here would disagree this is even possible

23:36:59 ThickAsThieves: regulating bitcoin

23:37:07 Mats_cd03: i suppose a combined legal and technical approach would be a best-effort case for enforcement

23:37:10 ThickAsThieves: i'm on the fence

23:37:18 ThickAsThieves: i think it can be for the most part

23:37:38 freeroute: even so, they parties who disagree can easily operate in area's which do not have those regulations

23:37:42 freeroute: *the parties

23:37:54 ThickAsThieves: well same for all laws right?

23:37:55 Mats_cd03: i would not bet any of my wealth on a best-effort approach

23:38:02 ThickAsThieves: you wanna sell pot, move to Amesterdam

23:38:03 ThickAsThieves: etc

23:38:14 ThickAsThieves: Amsterdam*

23:38:39 ThickAsThieves: people keep jumping to these yeah but it's international arguments

23:38:44 freeroute: not really a great example since selling pot commercially is still heavily regulated and still not legal, but I do see where you're getting at

23:38:45 ThickAsThieves: it doesnt matter

23:39:01 ThickAsThieves: all the world is international, yet every country has different laws

23:39:09 ThickAsThieves: yet people live in every country

23:39:29 ThickAsThieves: the world turns

23:39:48 freeroute: what Bitcoin (for the most part) enables, is full "in the cloud" operation wherever you geographically might be positioned. As long as you're connected, you can do most of the stuff with BTC.

23:40:29 ThickAsThieves: so why the effort to remove trust from the equation?

23:40:32 ThickAsThieves: you can't

23:40:49 Mats_cd03: youve blown my mind, i never realized that about bitcoin /s

23:40:59 ThickAsThieves: hell, 99.9% of the people never even vetted the code

23:41:22 ThickAsThieves: for all we know it's majorly flawed and the people that know choose to just bank off it

23:41:43 ThickAsThieves: how's that for trust?

23:42:51 ThickAsThieves: are you gonna go through the CC code?

23:43:00 freeroute: putting trust from the hands of people into mathematics is a way of making sure that you can't be screwed by people, which has happened numerous times already.

23:43:03 ThickAsThieves: do you know how decentralized it really is?

23:43:20 ThickAsThieves: same for Mastercoin etc

23:43:22 freeroute: well you can't abolish trust entirely, that would be unreal

23:44:17 ThickAsThieves: what if ghash.io manages 80% of the CC ledger?

23:44:31 ThickAsThieves: what if they wait 9mos til everyone gets comfortable and fuck everyone over?

23:44:37 freeroute: CC doesn't have a ledger AFAIK, it uses BTC ledger

23:44:51 ThickAsThieves: something manages the metadata no?

23:45:11 freeroute: the metadata is inside of the BTC tx'es, right?

23:45:23 ThickAsThieves: what parses it?

23:45:37 ThickAsThieves: what maintains updated listings?

23:45:39 freeroute: the client, same way the BTC client parses the blockchain

23:45:51 freeroute: (I assume)

23:45:57 ThickAsThieves: i may be mixing OT and MasterCoin in here

23:46:32 freeroute: MC is similar to CC but OT is a communication system which can be used on top of MC / CC AFAIK

23:46:32 ThickAsThieves: as i understood decentralized systems, they utilize new ledgers, maintained by servers

23:46:49 freeroute: ah that sounds like OT's system

23:47:12 ThickAsThieves: in the end though youre still quite a slave to the issuer

23:47:35 ThickAsThieves: an exchange has an incentive to vet it's issuers

23:47:46 ThickAsThieves: its*

23:47:54 freeroute: well no one stops a service vetting issuers

23:48:04 assbot: [HAVELOCK] [B.MINE] 2 @ 0.05396624 = 0.1079 BTC [+] {2}

23:48:11 ThickAsThieves: well you want to rmeove the exchange right?

23:48:27 freeroute: so?

23:48:37 ThickAsThieves: compare mpex and cryptostocks

23:48:43 ThickAsThieves: this is how it unfolds

23:49:16 ThickAsThieves: why wouldnt a reputable issuer use a reputable exchange?

23:49:54 freeroute: nothing, but then the issuer would then be at the mercy of the exchange

23:50:01 ThickAsThieves: the CC system will be riddled with scams and issuers no one else would have

23:50:05 assbot: [MPEX] [S.MPOE] 309 @ 0.00088607 = 0.2738 BTC [-]

23:50:06 freeroute: true

23:50:09 nubbins`: ^

23:50:22 freeroute: just like Bitcoin was/is

23:50:32 nubbins`: ^

23:50:40 mircea_popescu: ...

23:50:43 freeroute: but that's the nature of decentralized and unregulated systems

23:50:53 ThickAsThieves: that you cant trust them?

23:50:56 mircea_popescu: bitcoin is about to rip buffett a new one. what are you talking about.

23:51:06 assbot: [MPEX] [S.MPOE] 29691 @ 0.00088254 = 26.2035 BTC [-] {4}

23:51:31 ThickAsThieves: bitcoin is not comparable to stock issuance

23:51:38 freeroute: ThickAsThieves: that there is no middleman in between that can screw things up

23:51:39 mircea_popescu: <freeroute> there isn't a decentralized CC exchange yet AFAIK << there has been, for years. ot, open transactions.

23:51:45 ThickAsThieves: bitcoin makes no claims

23:51:50 ThickAsThieves: had no obligations

23:51:58 ThickAsThieves: it is what it is

23:52:11 freeroute: indeed

23:52:13 cadmus2: MtGox is mentioned on the FAQ page - came in here to let someone update it

23:52:28 mircea_popescu: cadmus2 faq page of what.

23:52:33 cadmus2: http://bitbet.us/faq/

23:52:36 ozbot: FAQ BitBet

23:52:59 freeroute: mircea_popescu: hmm, I was under the impression that OT was still being developed

23:53:17 mircea_popescu: anyway, freeroute, you'll need to do some reading. like http://fraudsters.com/2012/gpg-contracts/ and http://fraudsters.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/

23:54:01 mircea_popescu: cadmus2 a. well so it'll be a nice bit of memorabilia, by 2025 people will be all "hmm what's a mtgox"

23:54:13 mircea_popescu: then granpa mp can tell the chitlins all about this magic the gathering thing

23:56:39 cadmus2: true

23:56:39 freeroute: mircea_popescu: cool, I'll give them a read.

23:57:12 assbot: [HAVELOCK] [PETA] 2 @ 0.06907202 = 0.1381 BTC [+]

23:57:32 mircea_popescu: cool.

23:59:14 assbot: [MPEX] [S.MPOE] 8337 @ 0.00088008 = 7.3372 BTC [-]