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Transcript for 26-04-2013, 2217 lines:

00:01:30 pgp3: just looked at chart... shit... a couple hours can be an eternity in bitcoin land...

00:01:49 kakobrekla: :)

00:02:20 mircea_popescu: what now

00:02:23 mircea_popescu: ;;ticker

00:02:23 gribble: BTCUSD ticker | Best bid: 142.16804, Best ask: 142.49990, Bid-ask spread: 0.33186, Last trade: 142.16804, 24 hour volume: 166821.51265896, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.49206

00:02:26 mircea_popescu: heh

00:02:49 pgp3: someone dumped A LOT of coin... jeez...

00:03:34 tiberiusiv: not really

00:10:19 gesell: can someone explain what happened that caused the drop to $90?

00:10:47 KRS1: lol

00:10:58 Scrat: pizza was delivered to the gox headquarters

00:11:01 Scrat: the rest is history

00:11:09 KRS1: this shit is nutty

00:11:19 KRS1: some corn on the side too

00:12:08 gesell: no really, i dont see much on reddit and wasnt around at the time

00:12:12 gesell: so what really happened?

00:12:28 jurov: should we tell him?

00:12:54 KRS1: look, its like this..this shit is nuttier than a port-o-potty at a peanut festival

00:12:56 Scrat: jurov: ssshhh

00:13:08 pgp3: lol

00:13:13 mod6: haha

00:13:39 pgp3: what do you mean $90... I don't see that anywhere...

00:14:05 KRS1: prolly a different exchange?

00:14:07 gesell: 25th at 22:25 for 91

00:14:11 gesell: mtgoxusd

00:15:03 pgp3: maybe that was the limit price?

00:15:13 mircea_popescu: gesell someone fucked up the wash trading ?

00:15:31 pgp3: low was around 120

00:18:52 gesell: hmm... well i had a lot of orders at $88 that got fulfilled

00:19:04 gesell: guess it was my fault

00:20:59 gesell: oh blah

00:21:00 gesell: my bad

00:21:01 gesell: sorry

00:21:05 gesell: just reading the gox emails wrong

00:21:17 gesell: was from a long time ago

00:22:50 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.16 BTC [-]

00:26:02 assbot: [HAVELOCK] [HIM] 1 @ 1.705 BTC [-]

00:28:39 assbot: [BTCTC] [BTC-GOLD] 1 @ 0.00111 BTC [-]

00:31:59 thestringpuller: ;;tiocker

00:31:59 gribble: Error: "tiocker" is not a valid command.

00:32:00 thestringpuller: ;;ticker

00:32:02 gribble: BTCUSD ticker | Best bid: 142.25001, Best ask: 142.36000, Bid-ask spread: 0.10999, Last trade: 142.36000, 24 hour volume: 177752.29026620, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.50780

00:32:18 assbot: [MPEX] [S.MPOE] 1293 @ 0.00069843 = 0.9031 BTC [+]

00:44:50 thestringpuller: mircea_popescu, that's what they call you. bitcoin billi-on-aire, lots of niggas say it ain't fair.

00:45:13 mircea_popescu: oddly, it's the crackers sayin' it ain't fair.

00:45:27 thestringpuller: LOL

00:45:39 thestringpuller: haters everywhere, tell em to grow a pair?

00:46:14 thestringpuller: as you sit in your lair, surrounded by bitches shaved with nair.

00:47:08 mircea_popescu: "The Less That You Wear, the More You Need Nair!"

00:47:11 mircea_popescu: lmao that's retarded.

00:48:00 thestringpuller: hahaha

00:49:07 mircea_popescu: basically sodium hidroxide ?! ouch.

00:50:39 assbot: [MPEX] [S.MPOE] 1550 @ 0.00069955 = 1.0843 BTC [+]

00:52:55 assbot: [BTCTC] [B.YABMC] 1 @ 0.01629 BTC [+]

00:54:02 assbot: [HAVELOCK] [HIM] 1 @ 1.7997 BTC [+]

00:55:03 assbot: [HAVELOCK] [VTX] 10 @ 0.4485 = 4.485 BTC [+]

00:55:04 assbot: [HAVELOCK] [VTX] 10 @ 0.4485 = 4.485 BTC [+]

01:00:42 assbot: [MPEX] [S.MPOE] 5950 @ 0.00070076 = 4.1695 BTC [+]

01:03:03 assbot: [HAVELOCK] [VTX] 4 @ 0.4485 = 1.794 BTC [+]

01:17:03 assbot: [HAVELOCK] [VTX] 11 @ 0.4201 = 4.6211 BTC [-]

01:17:04 assbot: [HAVELOCK] [VTX] 1 @ 0.42 BTC [-]

01:19:02 assbot: [HAVELOCK] [VTX] 4 @ 0.40070003 = 1.6028 BTC [-]

01:19:03 assbot: [HAVELOCK] [VTX] 25 @ 0.40070002 = 10.0175 BTC [-]

01:25:03 assbot: [HAVELOCK] [HIM] 1 @ 1.7997 BTC [+]

01:27:21 assbot: [BTCTC] [COGNITIVE] 1 @ 0.198 BTC [+]

01:27:59 assbot: [BTCTC] [COGNITIVE] 5 @ 0.1981 = 0.9905 BTC [+]

01:29:56 assbot: [BTCTC] [COGNITIVE] 5 @ 0.1983 = 0.9915 BTC [+]

01:35:02 assbot: [BTCTC] [BTC-BOND] 6 @ 0.009996 = 0.06 BTC [+]

01:35:13 assbot: [BTCTC] [BTC-BOND] 5 @ 0.009997 = 0.05 BTC [+]

01:35:15 assbot: [MPEX] [S.MPOE] 9050 @ 0.00070076 = 6.3419 BTC [+]

01:35:17 assbot: [MPEX] [S.MPOE] 11617 @ 0.00070092 = 8.1426 BTC [+]

01:35:24 assbot: [BTCTC] [BTC-BOND] 2 @ 0.009999 = 0.02 BTC [+]

01:37:02 assbot: [HAVELOCK] [SDICE] 2 @ 0.28000002 = 0.56 BTC [-]

01:37:04 assbot: [HAVELOCK] [SDICE] 10 @ 0.28000001 = 2.8 BTC [-]

01:38:09 assbot: [BTCTC] [RSM] 1 @ 0.00303 BTC [-]

01:38:12 assbot: [BTCTC] [RSM] 238 @ 0.00302 = 0.7188 BTC [-]

01:46:46 Diablo-D3: ;;ticker

01:46:48 gribble: BTCUSD ticker | Best bid: 140.10015, Best ask: 140.98999, Bid-ask spread: 0.88984, Last trade: 141.22614, 24 hour volume: 187759.77712509, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.12243

01:52:55 asciilifeform: epic troll? http://www.americanbanker.com/bankthink/governments-must-co-opt-bitcoin-to-avert-disaster-1058380-1.html?zkPrintable=1&nopagination=1

01:53:57 tiberiusiv: ;;bids 50

01:54:00 gribble: There are currently 151705.18 bitcoins demanded at or over 50.0 USD, worth 12737481.7987 USD in total. | Data vintage: 0.0082 seconds

02:03:14 tiberiusiv: ;;bids 120

02:03:17 gribble: There are currently 21257.668 bitcoins demanded at or over 120.0 USD, worth 2718075.47269 USD in total. | Data vintage: 0.0060 seconds

02:05:10 jcpham: http://www.nature.com/srep/2013/130425/srep01684/full/srep01684.html

02:05:20 jcpham: hurt yourself reading what i'm reading

02:06:31 asciilifeform: jcpham: idea: rape the algo traders who read this by implementing a contrarian algo

02:17:02 assbot: [HAVELOCK] [SDICE] 1 @ 0.29 BTC [+]

02:17:05 mircea_popescu: A recent investigation has shown that the number of clicks on search results stemming from a given country correlates with the amount of investment in that country

02:17:12 mircea_popescu: totally. this is so useful and everything.

02:17:25 mircea_popescu: buncha onanists, these people.

02:27:38 seongyupyoo: hi, i'm back with couple of questions

02:27:43 seongyupyoo: mircea still here?

02:28:00 mircea_popescu: yea

02:29:07 seongyupyoo: cool, so i've been thinking really hard about destorying, and really the only way this system would be viable if the destroy funds are either really destroyed, sent to void, sent back to blockchain somehow

02:29:54 seongyupyoo: i'm wondering what ways there are to do 1. really destroy bitcoins 2. blackhole it 3. give it back to blockchain

02:30:01 seongyupyoo: could you help?

02:30:31 ThickAsThieves: what's the difference between 1 and 2

02:30:45 mircea_popescu: well, 1 justg send them to a fixed address like 1blackhole398759347589

02:30:51 seongyupyoo: i don't know as i don't know how to do either

02:31:07 ThickAsThieves: 3 is best

02:31:16 ThickAsThieves: you dont want to be a destroying coins

02:31:23 ThickAsThieves: and you couldnt prove that you were

02:31:30 seongyupyoo: ok so 1 and 2 are same

02:31:30 mircea_popescu: seongyupyoo its simple, just send coins to an address that nobody has the key for.

02:31:40 mircea_popescu: something arbitrary, like 1thisaddressisablackhole

02:31:53 mircea_popescu: you'll need to calculatge the checksums so it validates, but that's no big deal

02:32:02 seongyupyoo: ok

02:32:17 mircea_popescu: 3 you could just add it as miner fee in a tx.

02:32:18 ThickAsThieves: but the problem there is you are accelerating deflation

02:32:26 seongyupyoo: so i got that now 1 and 2 are same and you just send to an address that no one has key to

02:32:29 mircea_popescu: like, make a tx with 100 btc inputs, 1 satoshi outputs

02:33:04 seongyupyoo: i'm not following you when you say make tx with 100 input to and 1 output

02:33:22 mircea_popescu: all bitcoin txs have some inputs and some outputs.

02:33:23 seongyupyoo: how verifiable is adding as fee though?

02:33:27 mircea_popescu: very.

02:33:28 ThickAsThieves: he means .00000001 output

02:33:38 seongyupyoo: people will need to be able to see that their exact fund amount has been destroyed at that time

02:33:56 ThickAsThieves: easy you just link them to the tx

02:33:59 mircea_popescu: you just check the tx in blockchain, it'll be there. 100 goes in, 1 goes out so 99 was miner fee

02:34:10 mircea_popescu: or w/e actual numbers.

02:34:18 assbot: [MPEX] [S.MPOE] 4033 @ 0.00070092 = 2.8268 BTC [+]

02:34:20 assbot: [MPEX] [S.MPOE] 11595 @ 0.00070129 = 8.1315 BTC [+]

02:34:54 seongyupyoo: so send money from my wallet to my wallet with 100 input and 1 output if i don't to give back 99?

02:35:24 mircea_popescu: um

02:35:28 mircea_popescu: come again ?

02:35:53 seongyupyoo: i'm just trying to clarify how to make a transaction

02:36:02 seongyupyoo: who is it going to and from?

02:36:10 seongyupyoo: 100 input and 1 output

02:36:11 mircea_popescu: whoever you want.

02:36:18 ThickAsThieves: you have to send an actual amount (i think) plus a tx fee

02:36:22 mircea_popescu: i think you'll have to read up on how bitcoin txs work

02:36:28 ThickAsThieves: most of the destroyed coin would be sent as the tx fee

02:36:35 maximian: send 0.00000001 BTC to any address, and specify a fee of 99BTC

02:36:35 ThickAsThieves: but you would send .00000001 of it to yourself

02:36:36 seongyupyoo: i see so it is fee

02:36:51 seongyupyoo: i understand that, i thought there was another way to manually setting input and output

02:36:57 seongyupyoo: how bad is destroying to blackholeaddress?

02:37:08 ThickAsThieves: i think its bad

02:37:14 mircea_popescu: pretty bad yea.

02:37:17 ThickAsThieves: and not necessary

02:37:20 seongyupyoo: ok

02:37:29 seongyupyoo: i think that settles it then

02:37:45 ThickAsThieves: but do what mp said

02:37:50 ThickAsThieves: learn more about tx

02:37:52 ThickAsThieves: and blockchain

02:37:57 ThickAsThieves: and what your options are

02:38:00 seongyupyoo: i identified 4 big issues from all the feedback i gather today

02:38:12 ThickAsThieves: because you might not want to send a 100btc tx fee

02:38:23 ThickAsThieves: you might want to send a lot of small ones

02:38:33 ThickAsThieves: depending on how mining pools snag them

02:38:34 seongyupyoo: would you guys like to hear the 4 problems, and my plan to solve them?

02:38:42 mircea_popescu: sure.

02:39:10 seongyupyoo: well, if i send a lot of small ones, it would be hard for the traders to check their fund was destroyed

02:39:25 ThickAsThieves: you can send more than one tx at once i think

02:39:37 seongyupyoo: i should start running a pool where i keep the transaction fee lol

02:40:01 seongyupyoo: then i'd need to provide many transation id as a proof of destruction

02:40:22 seongyupyoo: i think big fee would be fine

02:40:26 ThickAsThieves: maybe

02:40:32 seongyupyoo: also i figured out a way so that nobody will ever have to risk 100 BTC

02:40:39 seongyupyoo: probably 1 BTC to 10 BTC max

02:41:07 seongyupyoo: so max destruction is going to be 20-40 BTC at most

02:41:30 seongyupyoo: anyways, the first problem was issue of me running away with risk funds

02:41:38 kakobrekla: you are now arbitrarily setting what is ok give to pool ops?

02:41:59 seongyupyoo: I think I can remedy that by putting nashx under my current business of 7 years -> http://mosaically.com

02:42:10 seongyupyoo: so nashx might run under nashx.mosaically.com

02:42:30 seongyupyoo: what do you guys think?

02:43:31 usagi: i don't know what's going on

02:43:32 seongyupyoo: 2nd problem was destroying of the destroyed funds, and i'll handle that by sending it back to blockchain as fee

02:43:41 assbot: [MPEX] [S.MPOE] 46572 @ 0.000703 = 32.7401 BTC [+]

02:44:29 seongyupyoo: 3rd problem is transparency, basically the ability for people to be able to see all that is happening in terms of transactions

02:45:13 seongyupyoo: i'll remedy that by making all transactions and messages between trader and such available for public view

02:45:20 ThickAsThieves: 1st problem seems like a non-problem with a non-solution

02:45:33 usagi: What was the middle thing?

02:46:18 usagi: I'm trying to understand this, so, you want to run a mining pool?

02:46:20 seongyupyoo: well someone thought that it was an issue, you're right it might not really be an issue. and it really isn't, but it was brought up, and i can see how some people might see that as risk

02:46:35 seongyupyoo: where as if it was under mosaically umbrella, then it would be under a corporation

02:46:42 seongyupyoo: more legit

02:46:58 ThickAsThieves: usagi: nashx.com/about

02:46:59 seongyupyoo: no i don't, i just made something called nashx

02:47:17 usagi: So your goal is to make it legit.. and your not planning to quit, as a result of that? you will see this through?

02:47:20 seongyupyoo: last problem is problem of big transactions

02:47:33 kakobrekla: seongyupyoo, balances and txes are public and audiable... so transparency is not a big issue

02:47:38 seongyupyoo: yes i will see this through

02:47:52 seongyupyoo: at least to the next version having solve these 4 problems

02:47:59 assbot: [BTCTC] [BTC-BOND] 35 @ 0.01 = 0.35 BTC [+]

02:48:01 seongyupyoo: and i'll post it on reddit again, get feedback

02:48:06 seongyupyoo: sholdn't take long

02:48:11 ThickAsThieves: for the 3rd problem you can simply make your escrow address publicly known

02:48:16 ThickAsThieves: or addresses

02:48:26 usagi: Oh nashx. Thats a good idea, if it works you will be rich.

02:48:30 ThickAsThieves: however if you escrow everything you slow it down

02:48:45 seongyupyoo: we don't escrow

02:48:52 usagi: So what your saying is, you are too legit to quit. Sounds good :)

02:48:56 seongyupyoo: it's person-to-person

02:49:16 ThickAsThieves: where are te collateral coins stored?

02:49:22 seongyupyoo: well, i really feel that something like nashx needs to exist for everyone's benefit

02:49:43 seongyupyoo: what collateral? there's no need

02:49:52 ThickAsThieves: maybe i need to read it better

02:49:59 seongyupyoo: yeah i think so... :)

02:50:07 usagi: May I give you some free advice yupyoo?

02:50:15 usagi: if I may call you yupyoo.

02:50:22 seongyupyoo: sure

02:50:28 seongyupyoo: my first name is seong yup

02:50:30 mircea_popescu: https://bitcointalk.org/index.php?topic=154089.msg1946133#msg1946133 lol

02:50:30 seongyupyoo: last name is yoo

02:50:42 usagi: Oh, I am used to last name first

02:50:59 usagi: I live here in asia you see.

02:51:24 maximian: Bitcoin has a mechanism for multisig transactions - destruction isn't necessary

02:51:32 maximian: https://blockchain.info/wallet/escrow

02:51:39 usagi: I assume you are from Korea? Have you been to Jeju island? I hear it is so beautiful.

02:52:03 assbot: [HAVELOCK] [SDICE] 1 @ 0.27500001 BTC [-]

02:52:26 usagi: Anyways, I don't like how you explain how you keep the destroyed funds, because until that moment you speak of the funds as "destroyed"

02:52:32 maximian: unless I've misunderstood what you're trying to do

02:52:51 usagi: so I would not try to justify how you do it, just state that you keep the funds "like a library fine" and leave it at that.

02:53:07 usagi: That's essentially what your doing. It's like a late fee charged at a video store

02:53:23 usagi: I don't think people are going to be concerned with that if your business takes off

02:53:54 mircea_popescu: alrighty, i'm off. cya tomorro.

02:54:27 deadweasel: gnight

02:55:25 seongyupyoo: bye

02:55:35 seongyupyoo: the problem usagi is that

02:55:53 seongyupyoo: if i just leave it as is, i have incentive to make fake accounts and go on a destroying spree

02:56:09 usagi: So, hire someone to audit your books.

02:56:42 usagi: That's what I did with my company TU.SILVER. I have a registered CA looking at the books, and a highly trusted community member providing operational oversight

02:56:46 seongyupyoo: well sending it back to blockchain is the best way as far as i can tell atm

02:57:04 deadweasel: usagi, how is tu silver doing?

02:57:15 seongyupyoo: i would prefer to have a system that is good by design than have to hire people to watch over it

02:57:16 usagi: People place far too much faith in the long and winding road of procedure when in the end it boils down to trust anyways.

02:57:46 usagi: deadweasel: it's going very well.

02:58:09 seongyupyoo: that's true, but i think in this case, it is important to gain validation of smart people especially since bitcoin community has been hurt with so many scams

02:58:32 usagi: The fact is silver went down, but compared to if we just leveraged pure silver on the way down, my investors made ovr 100% compared to the price of silver today

02:58:42 seongyupyoo: i feel it must pass the standard of community on reddit in order for it to be adopted and used widely by the whole global community

02:59:10 usagi: All I am concerned with now is providing 1:1 leverage with silver since I believe we are approaching a long-term bottom in silver priced in BTC

02:59:26 seongyupyoo: what does your business do?

03:00:09 usagi: i sell investment grade silver coins, like canadian maples, FMJ 1/2oz rounds, etc.

03:00:29 seongyupyoo: maximilian, escrow does not work for my model because i don't want to be in the middle of people handling their transaction because of USD

03:00:47 seongyupyoo: i see

03:01:43 seongyupyoo: what do you do kakobrekla?

03:02:44 usagi: deadweasel; total divs to date: 0.034788, sliver/btc/10 price is now .016 or so per unit, so, over 200% profit

03:03:12 deadweasel: i understand the last part.

03:03:32 deadweasel: hows your service?

03:03:43 seongyupyoo: i need to get going, thanks for all your helps guys. i don't know how this chatroom operates exactly, but i will be back :)

03:03:43 ThickAsThieves: i dont want to get into it but it should be said that usagi's bookkeeping did not stand up to a public audit

03:03:47 usagi: free shipping 7 days anywhere in the world

03:04:07 usagi: ThickAsThieves; there was no public audit.

03:04:36 ThickAsThieves: if anyone is interested talk to Deprived on the forums

03:05:10 usagi: Ahh, you mean when deprived stole our internal calculators and posted them on the forums? Those were internal company documents used to record buys and sells on bitfunder

03:05:35 ThickAsThieves: i have no interest in tusilver but i do trust deprived's abilities

03:05:39 usagi: They're not investment advice.

03:06:07 usagi: And they're not for public dissemination precisely because they would be assumed to be investment advice. They're not.

03:06:38 ThickAsThieves: ;;ticker

03:06:39 gribble: BTCUSD ticker | Best bid: 140.99999, Best ask: 141.00000, Bid-ask spread: 0.00001, Last trade: 141.00000, 24 hour volume: 188586.01119054, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 142.90861

03:07:20 usagi: If you want to know everything you need to know to build your own trading model, we use a coin and duty premium of $5 right now, which is less than the premium charged on the canadian maples we order exclusively from amagi metals

03:07:51 usagi: Beyond that we have a 2% markup and we use the actual rates we've paid for shipping in the price to factor that in

03:08:12 usagi: Now you know everything you need to know to calculate our value to within 5%, as our investment position has been disclosed.

03:08:48 dub: beyond (and before) that it is a fairytale that we wish you would stfu about

03:09:36 usagi: Yeah well I wish deprived would shut up about how I am selling shares unbacked by silver, but hey, if he has the right to lie then I have the right to correct him.

03:09:54 assbot: [MPEX] [S.MPOE] 13007 @ 0.00069955 = 9.099 BTC [-]

03:09:56 assbot: [MPEX] [S.MPOE] 1508 @ 0.00069458 = 1.0474 BTC [-]

03:09:58 assbot: [MPEX] [S.MPOE] 2136 @ 0.00069316 = 1.4806 BTC [-]

03:10:26 assbot: [BTCTC] [BASIC-MINING] 2 @ 0.400002 = 0.8 BTC [-]

03:18:54 tiberiusiv: usagi what is your website

03:19:09 usagi: https://bitfunder.com/asset/TU.SILVER

03:19:32 tiberiusiv: what is it a silver fund?

03:19:55 tiberiusiv: now why would i want to own an industrial metal

03:19:58 usagi: Sort of. The idea is to keep the price of units at the cost of silver plus shipping and secure storage

03:20:27 usagi: You want my personal opinion? :p

03:20:36 tiberiusiv: why would i risk money with your junk fund when i can purchase silver futures instead?

03:20:47 tiberiusiv: offering me superior liquidity

03:20:50 tiberiusiv: and price

03:21:34 usagi: Well for one, when you try to get delivery in physical, you can be given a cash settlement by fiat

03:21:43 tiberiusiv: um no.

03:21:50 tiberiusiv: id recieve silver bars which are comex standard

03:22:03 usagi: really? I heard they were shortt

03:22:09 tiberiusiv: no they arent.

03:22:26 usagi: I sure hope not. :)

03:22:28 tiberiusiv: comex standard is 1000 oz bars

03:22:36 usagi: Do you have to pay a fee when you take delivery?

03:22:51 tiberiusiv: yea

03:23:00 usagi: Ahh.

03:23:05 tiberiusiv: but its not 30% above spot like your coins

03:23:13 tiberiusiv: and your fund is completely illiquid

03:23:17 usagi: Yeah we're sold out now and the market is setting the price.

03:23:25 tiberiusiv: + you have no reputation

03:23:39 usagi: !getrating usagi

03:23:49 usagi: oh

03:23:52 usagi: ;;getrating usagi

03:23:52 gribble: Currently authenticated from hostmask usagi!Guest12477@122-121-246-63.dynamic.hinet.net . User Usagi, rated since Mon Jun 18 10:33:55 2012. Cumulative rating 33, from 32 total ratings. Received ratings: 28 positive, 4 negative. Sent ratings: 43 positive, 4 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=Usagi

03:24:10 tiberiusiv: yea again why would i go to you when there is more safer, liquid and easier to access options?

03:24:23 usagi: Only you can answer that question

03:24:26 tiberiusiv: who checks what silver your fund is backed by

03:24:48 usagi: Let me put it this way. We sold over 1,000 units into the market. Anyone is free to offer their units for sale.

03:25:04 usagi: If you feel the price is too expensive, perhaps they know something you don't know? I dunno. I don't understand it myself. I just sell silver.

03:25:25 usagi: The holders are public info on bitfunder, you can check it yourself. I own around 300 shares personally

03:25:28 tiberiusiv: no i merely stated there is much better options

03:25:38 usagi: There are, if you're merely concerned with price.

03:25:39 tiberiusiv: vs some internet nerd operating on thin margins out of a basement

03:25:49 tiberiusiv: like that coinabul clown

03:26:00 usagi: Yeah but you're a little clueless when it comes to investing in silver, aren't you?

03:26:08 tiberiusiv: no

03:26:15 tiberiusiv: silver is not an investment. it produces no income

03:26:20 usagi: Yeah you are :) First, you are speaking out about a fund you know zilch about.

03:26:20 tiberiusiv: its a speculation and its an industrial metal

03:26:40 tiberiusiv: there is no evidence silver acts as a protection in the event of a crisis

03:26:41 usagi: For one, a 1000 oz delivery contract is vastly different than a guartantee on your choice of 1/2 oz rounds

03:26:50 usagi: The coin premium on 1/2oz rounds is easily 20% or more

03:26:52 tiberiusiv: sure its also 30% cheaper

03:26:57 usagi: Which explains the entirety of the "30% cheaper"

03:27:00 tiberiusiv: and more liquid via futures

03:27:13 tiberiusiv: and what secure storage do you honestly have?

03:27:18 tiberiusiv: your homes basement

03:27:38 usagi: It is more liquid. We're small. That doesn't justify the "nerd", "junk fund", etc.

03:27:50 tiberiusiv: yea just like that jay guy from coinabul

03:28:07 tiberiusiv: http://www.youtube.com/watch?v=d46dFmAmnuc

03:28:08 usagi: You are clueless, really :) Like that dub guy.

03:28:19 tiberiusiv: lol who would send this fking vagabond loser any money?

03:28:21 usagi: Want another example? You haven't read our contract.

03:28:22 tiberiusiv: coinabul

03:28:34 tiberiusiv: your contract means nothing you have no capital reserves

03:28:44 tiberiusiv: secure storage is a apartment or basement to you

03:28:46 usagi: Seriously, you're being retarded. You want to talk shit about how I do things and you don't know we deal in small denomination coins and haven't read our contract

03:29:03 usagi: Then you want to call it a junk fund because it's less liquid than a 1000oz futures contract?

03:29:07 tiberiusiv: why would i store small coins with you?

03:29:12 usagi: Seriously, stop wasting my fucking time.

03:29:15 tiberiusiv: no i call it a junk fund becuase you are SMALL time

03:29:17 tiberiusiv: and broke.

03:29:33 tiberiusiv: why would anyone want to store silver maples with a clown?

03:29:42 tiberiusiv: that can vanish any day

03:29:50 usagi: Why would anyone want to discuss the market with a clueless fuck like you?

03:29:56 tiberiusiv: im not clueless

03:29:59 usagi: Yes you are.

03:30:02 tiberiusiv: you operate on tiny profit margins

03:30:06 tiberiusiv: and have no capital reserves

03:30:18 usagi: You're whining about how we're 30% more expensive than a futures contract because we deal in 1/2 oz coins.

03:30:21 usagi: That's ignorant.

03:30:27 usagi: That's laughable.

03:30:28 tiberiusiv: no im not

03:30:30 usagi: Is that the best you can do?

03:30:37 tiberiusiv: im argueing why would i go buy coins and have them stored with YOU

03:30:41 usagi: I don't care

03:30:44 tiberiusiv: vs buying them from any other dealer ANYWHERE

03:30:48 tiberiusiv: and storing them myself?

03:30:56 tiberiusiv: since its fking $10 pieces

03:30:58 usagi: We are already sold out. Look, I got stuff to do. Go read our contract.

03:31:02 usagi: Go read our recent reports.

03:31:06 tiberiusiv: no thanks.

03:31:08 usagi: I don't give a shit if you buy on the market or not. Bye

03:31:25 tiberiusiv: your like a bank for ultra poor bitcoiners

03:31:28 usagi: But I will say this. it's fuckups like you and deprived that are the entire source of my problems.

03:31:32 tiberiusiv: storing $10 silver coins

03:31:42 tiberiusiv: no you are the problem.

03:31:46 usagi: Not anything I did. Just a bunch of fucktards like dub who like to whine.

03:31:54 tiberiusiv: its business's like you that fuckup bitcoin credibility

03:32:11 tiberiusiv: lowlevel scum "selling" junk

03:32:23 jamborambo_: ;;bids 0 command

03:32:23 gribble: (bids [--under] ) -- Calculate the amount of bitcoin demanded at or over . If '--under' option is given, find coins or at or under .

03:32:33 jamborambo_: ;;bids 1 command

03:32:33 gribble: (bids [--under] ) -- Calculate the amount of bitcoin demanded at or over . If '--under' option is given, find coins or at or under .

03:32:40 usagi: I'll answer you when you can explain why the market disagrees with you. Why is it, praytell, the people invested in tu.silver won't sell below .12/unit? Go argue with the market.

03:32:51 kakobrekla: jamborambo_ ,

03:32:53 tiberiusiv: dude what are you talking about

03:32:55 kakobrekla: ;;bids 0

03:32:56 jamborambo_: yes?

03:32:58 tiberiusiv: i dont care what your junk fund sells at

03:32:58 gribble: There are currently 33503613 bitcoins demanded at or over 0.0 USD, worth 18244987.8596 USD in total. | Data vintage: 0.0118 seconds

03:33:02 tiberiusiv: you are a SCUMbag

03:33:12 tiberiusiv: like jay @ coinabul and the other 50 broke ass precious metals dealers

03:33:14 tiberiusiv: on bitcoin

03:33:25 tiberiusiv: storing $10 coins.

03:36:24 usagi: That didn't take long. I'm back.

03:38:22 tiberiusiv: post pictures of your "secure storage"

03:38:31 tiberiusiv: so we can all get a good laugh

03:38:39 usagi: Oh it's you again.

03:38:50 usagi: Look, if you have a question, or if there's something you want me to do, just ask.

03:39:03 tiberiusiv: https://bitcointalk.org/index.php?topic=113708.0

03:39:13 tiberiusiv: lol so you have a lengthy history of being a scum?

03:39:25 usagi: But it's clear that you have no idea what my business is or what it does. We're not a futures contract. We sell small denomination coins and there are no fees.

03:39:42 usagi: You haven't even read our contract. Go do some due dilligence before you come here and waste my time with "scumbag"

03:39:47 tiberiusiv: stop repeating yourself

03:39:54 tiberiusiv: you dont have a business

03:39:59 tiberiusiv: small time nerd with no money

03:39:59 usagi: Then stop repeating yourself.

03:40:09 tiberiusiv: another coinabul scammer

03:40:27 usagi: So tiberiusiv, how about that 6 BTC you owe me?

03:40:30 kakobrekla: you two, #bitcoin-trolls mkay

03:40:39 usagi: kakosan; roger.

03:40:50 tiberiusiv: what 6 btc?

03:40:57 tiberiusiv: i dont even know you lowlife

04:06:03 assbot: [HAVELOCK] [VTX] 2 @ 0.4111 = 0.8222 BTC [+]

04:07:02 assbot: [HAVELOCK] [KCIM] 1 @ 1.21000001 BTC [-]

04:11:22 assbot: [MPEX] [S.MPOE] 13990 @ 0.00069316 = 9.6973 BTC [-]

04:11:24 assbot: [MPEX] [S.MPOE] 7710 @ 0.00068557 = 5.2857 BTC [-]

04:12:03 assbot: [HAVELOCK] [VTX] 2 @ 0.4111 = 0.8222 BTC [+]

04:12:38 pgp2: my phone just got stolen.. fuckin' blows...

04:12:54 mod6: :<

04:12:58 kakobrekla: uh

04:13:02 assbot: [HAVELOCK] [VTX] 3 @ 0.4111 = 1.2333 BTC [+]

04:13:14 kakobrekla: but i dont feel so bad for trashing it last time anymore

04:22:24 dub: lol

04:22:36 dub: tiberiusiv vs. usagi

04:24:07 dub: tiberiusiv way out of his depth on that one

04:27:26 tiberiusiv: lol

04:27:27 usagi: I thought u hated me :/

04:27:38 tiberiusiv: usagi is scum

04:29:02 assbot: [HAVELOCK] [VTX] 15 @ 0.4421 = 6.6315 BTC [+]

04:29:04 assbot: [HAVELOCK] [VTX] 10 @ 0.44229999 = 4.423 BTC [+]

04:29:05 assbot: [HAVELOCK] [VTX] 8 @ 0.4424999 = 3.54 BTC [+]

04:29:06 assbot: [HAVELOCK] [VTX] 5 @ 0.443 = 2.215 BTC [+]

04:29:07 assbot: [HAVELOCK] [VTX] 5 @ 0.449 = 2.245 BTC [+]

04:49:56 benkay: ;;ticker

04:49:56 gribble: BTCUSD ticker | Best bid: 136.00000, Best ask: 136.26679, Bid-ask spread: 0.26679, Last trade: 136.00000, 24 hour volume: 205306.28466866, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 141.46468

04:50:52 Diablo-D3: !icker

04:50:52 Diablo-D3: er heh

04:51:11 dub: tiberiusiv: quote for you > i made like 50 dollars off that dice thing on blockchain today

04:51:27 tiberiusiv: lol

04:57:16 benkay: ;;goxlag

04:57:17 gribble: MtGox lag is 1.415076 seconds. During this time, light travels 0.00283579646002 AU. You could have sent a bitcoin from Jupiter to its third largest moon, Io (0.002819 AU).

05:10:00 benkay: is mircea_popescu around?

05:11:00 dub: neg, sleepy|sexy tiem

05:11:35 orkaa: :D

05:11:46 thestringpuller: dub: no wub wub!!!!

05:11:50 thestringpuller: STOP WITH TEH WUB WUB DUB

05:12:05 dub: wat

05:12:37 Diablo-D3: ;;ticker

05:12:38 gribble: BTCUSD ticker | Best bid: 136.52000, Best ask: 136.97999, Bid-ask spread: 0.45999, Last trade: 136.52000, 24 hour volume: 207806.15950960, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 141.32468

05:12:41 benkay: watman

05:12:51 benkay: nananananananananananana

05:12:53 benkay: wat mat

05:12:57 benkay: watman*

05:13:09 orkaa: O_o

05:14:02 assbot: [HAVELOCK] [KCIM] 2 @ 1.21000001 = 2.42 BTC [-]

05:15:19 benkay: http://blog.mkasprzyk.net/wp-content/uploads/2012/09/watman.jpg

05:15:43 orkaa: makes sense

05:16:39 dub: the watsign is a 3d projection of 2g1c onto a tall building

05:21:35 benkay: *golf clap*

05:21:47 benkay: +1 internet for you, sir.

05:27:02 assbot: [HAVELOCK] [SDICE] 1 @ 0.29989998 BTC [+]

05:27:03 assbot: [HAVELOCK] [SDICE] 1 @ 0.29989998 BTC [+]

05:27:05 assbot: [HAVELOCK] [SDICE] 1 @ 0.29989999 BTC [+]

05:27:06 assbot: [HAVELOCK] [SDICE] 5 @ 0.2999 = 1.4995 BTC [+]

05:29:02 ThickAsThieves: random childhood flashback http://cf.geekdo-images.com/images/pic327045_md.jpg

05:33:26 orkaa: what's this?

05:35:38 ThickAsThieves: they were toys

05:35:40 ThickAsThieves: tops

05:35:50 ThickAsThieves: they came with a little shooter

05:35:58 ThickAsThieves: and they were all ninja themed

05:36:04 ThickAsThieves: and there was a big arena

05:36:15 ThickAsThieves: so you and a friend would launch your tops

05:36:19 ThickAsThieves: to see who won

05:36:29 ThickAsThieves: they'd bump into each other

05:36:34 ThickAsThieves: til one stopped spinning

05:36:40 ThickAsThieves: simple

05:36:42 ThickAsThieves: but fun

05:38:36 orkaa: never seen those

05:41:35 orkaa: bah, sunrise :)

05:49:46 dub:

05:49:59 dub: in my day we made our own toys out of mud and sticks

05:50:32 dub: at least until age 5 when we went to work in the mines

05:52:02 assbot: [HAVELOCK] [SDICE] 1 @ 0.29999999 BTC [+]

05:52:33 orkaa: i had to walk 20km to school, uphill both ways, usually in deep snow

05:53:02 assbot: [HAVELOCK] [SDICE] 2 @ 0.3 = 0.6 BTC [+]

05:55:32 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1002 BTC [-]

05:55:44 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1001 BTC [-]

05:56:30 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1 BTC [-]

05:57:21 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.085 BTC [-]

05:58:39 benkay: you forgot the barbed wire sandals, orkaa

05:59:11 assbot: [BTCTC] [CRYPTO-TRADE] 9 @ 0.198 = 1.782 BTC [-]

05:59:11 orkaa: yeah, and wolves

06:17:16 benkay: is kakobrekla's socket up?

06:17:38 benkay: i gather not.

06:20:56 benkay: hey orkaa

06:21:11 orkaa: m?

06:21:38 benkay: what is the timestamp that comes off of the wire from kakobrekla's socket?

06:22:07 orkaa: hm, not sure

06:22:13 orkaa: probably unix time?

06:22:32 benkay: that's what i'm thinking

06:23:00 benkay: yup.

06:23:04 dub: orkaa: LUXURY

06:23:19 benkay: apologies for wasting your time on something googleable.

06:26:13 orkaa: np

06:26:23 orkaa: gotta go to sleep

06:36:42 assbot: [BTCTC] [BTC-BOND] 15 @ 0.01 = 0.15 BTC [+]

06:55:09 benkay: here's a fun piece of data

06:55:29 benkay: by my calculations, mpex has had over 300k of BTC wagered on options alone

06:57:13 benkay: and may have broken through 1M contracts traded total this month

06:57:22 benkay: that latter's pretty likely, actually.

06:57:36 benkay: i could get better numbers, but kako's socket's not responding :(

06:57:52 benkay: and i don't feel like debugging a socket connection over code i didn't write myself tonight

08:53:12 jurov: i supplied some data to kakobrekla and he found ISO format dates YYYY-MM-DD HH:MM:SS+TZ unwieldy lol

09:00:30 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.15 = 2.3 BTC [+]

09:01:55 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.155 BTC [+]

09:03:17 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.16 BTC [+]

09:03:23 assbot: [BTCTC] [RSM] 1 @ 0.00303 BTC [+]

09:05:48 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.1722 = 2.3444 BTC [+]

09:07:24 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1725 BTC [+]

09:11:15 assbot: [BTCTC] [ASICMINER-PT] 9 @ 1.1725 = 10.5525 BTC [+]

09:12:03 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1744 BTC [+]

09:18:29 KRS1: u know whats unweildy? epoch time...I mean..why..

09:19:41 assbot: [BTCTC] [ASICMINER-PT] 12 @ 1.09 = 13.08 BTC [-]

09:51:13 Chaang-Noi: hey all

09:53:27 KRS1: t'sup man

09:55:02 assbot: [HAVELOCK] [VTX] 45 @ 0.482 = 21.69 BTC [+]

09:57:02 assbot: [HAVELOCK] [VTX] 5 @ 0.482 = 2.41 BTC [+]

09:57:04 assbot: [HAVELOCK] [VTX] 7 @ 0.48249899 = 3.3775 BTC [+]

09:58:00 Chaang-Noi: back from a week on the islands

09:58:37 Chaang-Noi: yesterday had a big jump in ltc AM and btc, pretty crazy... these a crqazy ass swings to my portfolio...

09:59:10 Chaang-Noi: id liek some stability...

10:03:45 assbot: [MPEX] [S.MPOE] 6174 @ 0.00070057 = 4.3253 BTC [+]

10:03:46 assbot: [MPEX] [S.MPOE] 7343 @ 0.00070059 = 5.1444 BTC [+]

10:07:45 dub: bitcointalk, all is not completely lost https://bitcointalk.org/index.php?topic=187698.msg1945197#msg1945197

10:27:03 assbot: [HAVELOCK] [SDICE] 2 @ 0.28000001 = 0.56 BTC [-]

10:31:03 assbot: [HAVELOCK] [VTX] 1 @ 0.4824 BTC [-]

10:42:13 assbot: [BTCTC] [BASIC-MINING] 1 @ 0.400001 BTC [-]

10:46:47 assbot: [BTCTC] [RSM] 1 @ 0.00303 BTC [+]

10:52:49 truffles: massive gamble not paying that 75 dollars a year

10:53:22 Chaang-Noi: ?

10:53:37 truffles: in that thread about taxes

10:53:39 truffles: http://usnews.nbcnews.com/_news/2011/12/07/9272989-firefighters-let-home-burn-over-75-fee-again#comments

10:53:52 Chaang-Noi: ahh

11:35:38 assbot: [MPEX] [S.MPOE] 5550 @ 0.00068747 = 3.8155 BTC [-]

11:45:48 assbot: [BTCTC] [RSM] 1 @ 0.00302 BTC [-]

11:46:56 mircea_popescu: asciilifeform you'll have to one day sit down and write a full explanation as to why a. you think the us government matters at all and b. you think anyone other than you gives a shit.

11:47:02 assbot: [HAVELOCK] [HIM] 4 @ 1.7051 = 6.8204 BTC [-]

11:47:11 mircea_popescu: but i mean, a serious, explicit, inquisitive piece like if you were writing a physics paper.

11:48:39 kakobrekla: what is it down

11:50:17 thestringpuller: i thought mp said "like writing a physics engine"

11:54:14 mircea_popescu: lol

11:55:05 mircea_popescu: it's kinda funny tho because unique among literate people americans have spent a century or maybe even two in the firm belief that their government is like... good etc. paying their taxes, trying to do what policeman says etc.

11:55:24 mircea_popescu: this is a strictly american phenomenon, unheard of anywhere else, from france to morocco and from russia to iran

11:59:53 kakobrekla: ;;later tell benkay is ok now

11:59:54 gribble: The operation succeeded.

12:04:50 mircea_popescu: http://polimedia.us/dtng/c/src/134295962723.jpg

12:06:42 kakobrekla: jurov i dont remember what i found it

12:06:49 kakobrekla: but unix timestamp ftw

12:14:24 MJR_: what the fuck is wrong with people who make public policy?

12:15:14 MJR_: instead of actually just letting them pay the price that they say they would pay, we take the word for it and set a rate? how does that make any sense

12:15:25 MJR_: apparently the swaps market is also rigged like LIBOR

12:15:37 mircea_popescu: duh.

12:15:49 MJR_: well, that is not surprising

12:16:03 MJR_: but i just can't believe that no one actually does anything about it

12:16:08 mircea_popescu: http://bitbet.us/bet/329/btc-network-difficulty-tops-10-million-by-end/ funny how disputed this one ended up being.

12:16:31 mircea_popescu: somehow magically the bet submitter picked the exact spot where it'd be contentious.

12:16:48 MJR_: like...if i went to the supermarket, and they did a survey asking everyone there how much an orange would cost me...instead of letting us just bid on the orange or w/e

12:16:59 mircea_popescu: but this is more democratic.

12:17:12 mircea_popescu: and less capitalistic.

12:17:33 mircea_popescu: both these are good things. especially for people who need beatings, know they need beatings, want to get their ass beaten raw.

12:17:54 MJR_: lol

12:18:03 MJR_: its also funny cuz they are really DP'ing everyone

12:18:14 MJR_: let's cheat and fix the interest rate...

12:18:32 MJR_: and then let's cheat and fix the price it takes to switch from variable to fixed rate

12:18:39 mircea_popescu: then people want banks to like bitcoin

12:18:45 MJR_: how many other ways can you add corruption to a loan

12:19:00 mircea_popescu: yes dude, totally. they'll love bitcoin, where they have to come to me with that nonsense and be shown the door

12:19:05 mircea_popescu: they love this idea, pls moar.

12:19:38 MJR_: well..."banks" is not a great word...there are banks and then there are banks

12:19:52 MJR_: its not a monolithic structure...

12:20:02 mircea_popescu: this is very true.

12:20:15 MJR_: but, once you are in the club, then you have no worries

12:20:24 mircea_popescu: on the other hand, i'm already buffing my cameras and mics for that glorious moment five or maybe three years down the road

12:20:31 MJR_: hehehe

12:20:34 MJR_: gonna be fun

12:20:37 mircea_popescu: when random anon bank ceo/vp/etc comes to bitcoin assets to start w/e project

12:20:42 mircea_popescu: and i go are you in the wot ? gtfo.

12:21:03 mircea_popescu: come back 1 yr.

12:21:10 kakobrekla: hehe

12:21:14 kakobrekla: we all dreamin.

12:21:24 mircea_popescu: and he's gonna be all whiny and i'm gonna be all dude, we've had this interdweeb nonsense for 3 or 5 years by now.

12:21:28 mircea_popescu: stfu and do whart you're told.

12:21:54 mircea_popescu: and so he's going to dig up the old protest threads on btctalk and bitch about how im a gypsy racist

12:22:02 mircea_popescu: and then our victory will have been complete.

12:22:07 kakobrekla: lol

12:22:29 mircea_popescu: now don't any of you trolls quote this discussion then until after i'm done making teh banker my cockpuppet.

12:22:30 MJR_: hehehe

12:22:44 MJR_: ewwww, you want a banker for a cockpuppet?

12:22:51 mircea_popescu: metaphorically speaking.

12:22:51 MJR_: lol

12:22:55 MJR_: i know of course

12:22:59 mircea_popescu: i have a 10 foot cock, i can stick it into banker

12:23:00 mircea_popescu: a little

12:23:01 mircea_popescu: at the tip

12:23:45 mircea_popescu: speaking of bankers, anyone have any favorite burlesque performers ?

12:23:58 mircea_popescu: i'm going to do like l'oreal etc and have a mpex image chick.

12:25:41 pizzaman1337: this is why I have logging turned on

12:25:54 MJR_: HAHAHA

12:25:55 kakobrekla: :D

12:25:56 MJR_: yes

12:26:07 MJR_: are we going to have the website to archive all of this?

12:26:18 kakobrekla: yep

12:26:20 MJR_: hmmm...what if we put everything from bitcoin-assets into the blockchain?

12:26:27 pizzaman1337: no, bad idea

12:26:30 pizzaman1337: blockchain is too big already

12:26:37 MJR_: how future generations will judge us...

12:26:43 kakobrekla: i was trying to add it like yesterday or something but i got distracted

12:26:44 mircea_popescu: in fact this chan is growing faster than the blockchain

12:26:46 pizzaman1337: we don't want everyone dropping their crap in the blockchain

12:27:14 kakobrekla: irc is to blame

12:27:30 mircea_popescu: scam.

12:27:36 MJR_: i think it'd be hilarious, kinda like putting up posters of miley cyrus in the smithsonian

12:27:48 MJR_: or doodling on the constitution

12:27:48 mircea_popescu: MJR_ they've put seinfeld.

12:28:01 MJR_: lol

12:28:07 mircea_popescu: and in fairness, the blockchain isn't as bad as either miley cyrus or doodling.

12:28:11 mircea_popescu: we could tolerate it on our chan

12:28:26 MJR_: i just think that the whole idea of posterity is going away rather quickly

12:28:45 MJR_: we still have the illusion (some of us anyway) that the older generations were respectable

12:28:54 MJR_: our children will prob not have that illusion at all

12:29:04 kakobrekla: loool

12:29:21 kakobrekla: MJR_ is worried.

12:30:11 MJR_: srsly

12:30:27 MJR_: when your kids can google the things you tweeted as a teenager yourself...

12:30:29 mircea_popescu: o hey, twitter delivers! >> @PaulFish This is what a CEO / founder needs to focus on. This is it. http://t.co/KopwO3Udpy

12:30:40 MJR_: or even worse, if they see the pics you've posted of yourself

12:30:40 mircea_popescu: then people wonder why i have the time to irc and chase skirts.

12:31:03 mircea_popescu: MJR_ i think all future children will have to learn to be comfortable with the fact that their mother's goodies are public record.

12:31:30 MJR_: yep

12:38:00 thestringpuller: mircea_popescu: it's kinda funny tho because unique among literate people americans have spent a century or maybe even two in the firm belief that their government is like... good etc. paying their taxes, trying to do what policeman says etc. << I would attribute that to the general populace being brainwashed into believing revolution is bad

12:38:13 mircea_popescu: are you kidding ?

12:38:18 mircea_popescu: it all started with revolution.

12:38:35 mircea_popescu: pretty much the only people who believe revolution is good, other than romanians and who knows who else.

12:38:36 thestringpuller: isn't that funny though?!?!?

12:38:39 mircea_popescu: kinda

12:39:18 thestringpuller: Sure we protest, and "get uppity", but in general you're taught all through childhood "do as your told", "don't question authority".

12:40:26 thestringpuller: Maybe if everyone were more poor? Or perhaps there was truly a need to revolt? American's are very apathetic, and actually seem to "enjoy" the lethargy that arises from it.

12:40:29 mircea_popescu: that's normal, good and common.

12:40:45 mircea_popescu: people should do what they're told and not question authority in most cases.

12:41:03 thestringpuller: People should not be lazy and educate themselves :P

12:41:08 mircea_popescu: that's also

12:41:23 mircea_popescu: but the society where people don't do what they're told and question authority a lot ends up something like france

12:41:40 mircea_popescu: can't get a fucking train on schedule, even if the schedule lists hours only, no minutes.

12:42:24 thestringpuller: Yea, or you get Detroit.

12:42:29 thestringpuller: Have you ever been to Detroit?

12:43:12 MJR_: i've been to detroit

12:43:31 mircea_popescu: i avoided it.

12:43:34 thestringpuller: I think mircea_popescu would very well enjoy Detroit.

12:43:54 thestringpuller: You may need quite a few goons, and maybe a couple of drones...

12:45:03 mircea_popescu: you think ?

12:45:05 mircea_popescu: why ?

12:45:32 thestringpuller: Dude you survive in Bitcoin land which is like the virtual Detroit.

12:45:40 thestringpuller: Not only survive but thrive off it.

12:45:51 thestringpuller: Detroit is yours for the taking I'd think.

12:46:06 thestringpuller: You lived through the 90's Romanian revolution no?

12:46:11 mircea_popescu: yea...

12:46:35 mircea_popescu: what, i'm not affraid of "bad neighbourhoods" lol.

12:47:06 mircea_popescu: heck, i took teh coindelberg group through one here, it was funnay.

12:47:39 thestringpuller: is that like a pun?

12:48:11 mircea_popescu: which one ?

12:48:17 thestringpuller: coindelberg

12:48:18 thestringpuller: lol

12:48:29 mircea_popescu: lol.

12:48:36 mircea_popescu: the endlessly hacked frenchie guy came up with it

12:48:47 thestringpuller: Aw. And you were rooting for him.

12:49:02 mircea_popescu: myeah.

12:49:11 mircea_popescu: he has the luck of the irishman in reverse.

12:50:08 thestringpuller: I wonder how they keep getting in...

12:51:01 jurov: *that* was bad neighborhood? i failed to notice. no smell, hens or pigs

12:51:08 assbot: [MPEX] [S.MPOE] 6100 @ 0.00069657 = 4.2491 BTC [+]

12:51:32 thestringpuller: jurov's been to detroit?

12:51:46 jurov: no, in bratislava

12:51:47 mircea_popescu: jurov didja notice the gagle of 20 kids threatening to knife each other ?

12:52:26 jurov: yes i noticed, just joking a bit

12:53:18 mircea_popescu: was kinda funny, they were all "you ciocksucker, i bet you don't have 10 euros on you" "dude, if i do you suck my cock ???" "fuck you, show me"

12:53:45 mircea_popescu: i was like, hey, cool, nobody here is worth less than a million or some shit like that, you people are arguing about who has ten euros.

12:54:03 mircea_popescu: inequality ftw.

12:54:16 jurov: srsly, we need them in -otc. complete with knives

12:56:24 mircea_popescu: ;;ticker

12:56:25 gribble: BTCUSD ticker | Best bid: 129.98000, Best ask: 130.00000, Bid-ask spread: 0.02000, Last trade: 130.00000, 24 hour volume: 240970.80932549, 24 hour low: 120.08900, 24 hour high: 159.66165, 24 hour vwap: 137.00610

12:57:02 kakobrekla: 50 here we come!

12:57:14 mircea_popescu: lol

12:57:23 thestringpuller: ;;bids 125

12:57:26 gribble: There are currently 3217.5402 bitcoins demanded at or over 125.0 USD, worth 406095.036857 USD in total. | Data vintage: 0.0053 seconds

12:57:33 thestringpuller: ;;asks 140

12:57:33 gribble: There are currently 7155.5675 bitcoins offered at or under 140.0 USD, worth 974221.764505 USD in total. | Data vintage: 7.8159 seconds

12:58:06 thestringpuller: ;;bids 120

12:58:06 gribble: There are currently 18144.077 bitcoins demanded at or over 120.0 USD, worth 2216699.76409 USD in total. | Data vintage: 40.3246 seconds

12:59:42 MJR_: lol coindelberg?

13:02:37 mircea_popescu: totally.

13:02:54 truffles: top of the morning MJR

13:03:17 jurov: all hail our Lord deCrypto

13:03:34 jurov: http://www.reddit.com/r/deCrypto/ (nsfw)

13:04:10 jurov: yay "This subreddit has been slow, as have my mining operations. I thought I'd freshen it up a bit!"

13:04:10 mircea_popescu: kinda old this neh ?

13:04:39 jurov: old but good

13:04:46 truffles: any penis pics on reddit?

13:05:48 truffles: oh its there

13:06:00 truffles: scary looking ones

13:06:07 MJR_: lol good morning truffles

13:06:47 truffles: one looks like an eel omg

13:07:39 truffles: this has go to be photo shop

13:07:42 truffles: should i link?

13:08:18 truffles: and its a redhead, spidey senses going off

13:11:48 truffles: http://www.reddit.com/r/penis/comments/p7cme/not_mine_but_jesus_fuck/ top comment agrees with me

13:15:35 jurov: trrrrrrufflesss?

13:15:52 truffles: yes?

13:16:05 jurov: *wink*

13:16:10 truffles: we were getting nsfw in here so...

13:16:26 jurov: so you had to be helpful.

13:16:45 MJR_: lol, have you guys heard of rebecca martinson

13:16:49 kakobrekla: truffles your kids will see that.

13:16:57 truffles: i like to give a helping hand

13:17:14 jurov: i need help, too

13:17:16 truffles: well if i had kids penis wont be a bother

13:17:45 mircea_popescu: https://bitcointalk.org/index.php?topic=188178.0

13:17:50 mircea_popescu: seems btc-e was actuyally hacked last week ?

13:18:03 Chaang-Noi: and we are back on topic

13:18:06 mircea_popescu: what, is truffles posting nudes ?

13:18:07 MJR_: http://gawker.com/5994974/the-most-deranged-sorority-girl-email-you-will-ever-read?popular=true

13:18:15 MJR_: this is why i love american colleges

13:19:03 mircea_popescu: [UPDATE 4/25: The sorority sister who authored the email has now resigned. Click here to read the sorority's official statement.]

13:19:07 mircea_popescu: see, this sorty of shit...

13:19:13 truffles: ofc mp wants nudes when a sea them are on the net

13:19:21 mircea_popescu: i would have made her chapter queen for a week, and everyone had to serve her in the nude.

13:20:15 truffles: "Last week, bitches got told. " wow

13:21:00 MJR_: she is awesome

13:21:14 MJR_: she basically is implying that the other girls should have put out more for social status

13:21:48 mircea_popescu: yep

13:21:52 mircea_popescu: do you know a name or anything ?

13:21:55 mircea_popescu: i'm inviting her over.

13:22:08 truffles: ofc she will want to go to Romania

13:24:36 MJR_: rebecca martinson

13:24:56 MJR_: my friend sent me that, i just asked one question...is she single

13:25:10 mircea_popescu: http://www.betcheslovethis.com/article/50-shades-of-just-okay

13:25:17 mircea_popescu: i dojn't give a flying fuck if she;s single. and tyvm.

13:26:59 ThickAsThieves: the email doesnt seem that controversial, i expected worse from the hype

13:27:14 truffles: lol

13:28:29 truffles: that letter is long tldr

13:28:32 MJR_: http://www.betcheslovethis.com/article/Themed-Parties

13:28:48 MJR_: this one is great, sororities hobos and hoes theme parties

13:28:57 MJR_: and people say america doesn't have a great educational system...

13:29:49 kakobrekla: some dumb parents right there

13:33:43 MJR_: lol, but...skateboards?

13:35:02 assbot: [HAVELOCK] [SDICE] 1 @ 0.29999998 BTC [+]

13:38:58 MJR_: ;;ud betch

13:38:58 gribble: http://www.urbandictionary.com/define.php?term=betch | A betch is another way of saying "Bitch" except it sounds a million times better and makes you feel cool!

13:39:28 truffles: makes me think of Beth

13:42:46 mircea_popescu: http://www.studentorg.umd.edu/

13:42:48 mircea_popescu: check that out lol

13:43:21 Scrat: are college sororities/fraternities only a murcan thing? or do other western countries have them

13:44:00 mircea_popescu: pretty much american

13:44:23 truffles:

13:44:59 kakobrekla: ;;bc,stats

13:45:02 gribble: Current Blocks: 233241 | Current Difficulty: 8974296.01488785 | Next Difficulty At Block: 233855 | Next Difficulty In: 614 blocks | Next Difficulty In About: 3 days, 8 hours, 58 minutes, and 1 second | Next Difficulty Estimate: 9956757.41042 | Estimated Percent Change: 10.9475

13:45:18 kakobrekla: so close to 10mil

13:46:02 truffles: how many millioins is your share kakobrekla

13:46:18 kakobrekla: 21

13:46:32 truffles: way over the stated amount

13:46:41 truffles: baller

13:46:42 kakobrekla: ya well its a scam!

13:47:10 truffles: bitcoin is a scam, heard it here 1st

13:47:43 KRS1: lol

13:54:43 MJR_: ;;ud cuntpunt

13:54:44 gribble: http://www.urbandictionary.com/define.php?term=cunt-punt | if a bitch/ minion gets wise with you, you kick and or punch them in their pussy. gets em everytime. If you talk back to me one more time, ill give ya a cunt punt, ...

13:55:07 truffles: learning so much itc

13:57:23 truffles: MJR_ which minion is getting out of line?

14:15:14 assbot: [MPEX] [S.DICE] 309 @ 0.00278789 = 0.8615 BTC [-]

14:17:02 assbot: [HAVELOCK] [SDICE] 2 @ 0.28000001 = 0.56 BTC [-]

14:20:16 mircea_popescu: "And how do you know that none of the content was written by people behind it? (And even if it was not written, it was perfectly collected together.)The organization is 100% anonymous with bitcoin early developers and great programmers behind it. Satoshi Nakamoto, before he vanished, in the last interview in April said that he had "moved on to other things," how do you know that GBBG and their software is not that oth

14:20:16 mircea_popescu: er thing."

14:20:19 mircea_popescu: comedy gold.

14:23:16 pgp2: mp: what is that in reference to?

14:24:18 mircea_popescu: https://bitcointalk.org/index.php?topic=154089.msg1949434#msg1949434

14:27:49 assbot: [MPEX] [S.MPOE] 4754 @ 0.00069657 = 3.3115 BTC [+]

14:27:51 assbot: [MPEX] [S.MPOE] 15996 @ 0.00069481 = 11.1142 BTC [-]

14:36:47 ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg1950787#msg1950787 friedcat update

14:40:07 Chaang-Noi: thanks

14:40:32 Chaang-Noi: doubling in a week is pretty good

14:40:39 Chaang-Noi: wish it was more however

14:42:09 Chaang-Noi: 138 again on btc, fucking all over the place

14:42:15 Chaang-Noi: 120 to 166 range is nuts...

14:42:30 Chaang-Noi: ;;bids 120

14:42:33 gribble: There are currently 22399.07 bitcoins demanded at or over 120.0 USD, worth 2772336.48921 USD in total. | Data vintage: 0.0060 seconds

14:42:40 Chaang-Noi: ;;asks 166

14:42:41 gribble: There are currently 33114.795 bitcoins offered at or under 166.0 USD, worth 5071504.2059 USD in total. | Data vintage: 8.3661 seconds

14:43:12 Chaang-Noi: hmm

14:43:17 Chaang-Noi: ;;bids 0

14:43:18 gribble: There are currently 33503993 bitcoins demanded at or over 0.0 USD, worth 19202524.8757 USD in total. | Data vintage: 44.8066 seconds

14:43:24 Chaang-Noi: down a bit...

14:47:17 assbot: [MPEX] [S.MPOE] 9650 @ 0.00070059 = 6.7607 BTC [+]

14:51:13 assbot: [MPEX] [S.DICE] 1000 @ 0.00278789 = 2.7879 BTC [-]

14:53:02 assbot: [HAVELOCK] [SDICE] 10 @ 0.28 = 2.8 BTC [-]

14:54:29 error4733: ;;next

14:54:30 gribble: \*AWAY UNTIL April 28\* resistance: 132, 136, 138-140 | support: 120, 115, 110, 100, 90 | lower buy targets: 102, 96-100, 86 | updated by OneFixt at Apr 21 2013, 18:00 UTC ( tips: http://bit.ly/YnxUM4 ) | disclaimer: http://bit.ly/129bYJ6 | this is not investment or trading advice | #bitcoin-analysis | 4 days, 18 hours, 54 minutes, and 28 seconds ago

15:16:11 Cylta: where I can read more about what exactly mean for example O.USD.C152N?

15:17:21 ThickAsThieves: oddly i dont think there is a good description faq for mpex options on the mpex website

15:17:35 ThickAsThieves: but i know full explanations exists in the forums

15:18:44 mircea_popescu: Cylta call struck at 152 expiring next month

15:20:59 error4733: MP blog no ? for a good description

15:26:53 mircea_popescu: error4733 i thought they're explained to death everywhere, forum, blog etc.

15:27:50 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1629 BTC [+]

15:28:04 assbot: [BTCTC] [RSM] 1 @ 0.00303 BTC [+]

15:28:33 error4733: yes but not on MPEX #irony

15:30:19 mircea_popescu: lol

15:32:03 KRS-1: Very funny mircea popescu..Can I have my anal room back please

15:32:24 KRS-1: why would you want bitcoin anal

15:32:43 KRS-1: I'm not trying to be an ass

15:33:05 KRS-1: Thats ok..I'll get it in the end

15:33:13 truffles: #bitcoin-anal exists heh

15:33:24 mircea_popescu: wait what ?!

15:33:40 KRS-1: Says you registered my anal chat

15:34:06 KRS-1: Can I have my anal chat room back pls

15:34:13 truffles: i like that prank lol

15:34:17 KRS-1: lol

15:34:25 mircea_popescu: i have ?!

15:34:30 KRS-1: [Notice] -ChanServ- #bitcoin-anal is already registered to mircea_popescu.

15:34:37 truffles: rofl

15:34:42 KRS-1: Isnt anything sacred anymore

15:34:42 pgp2: lol

15:34:54 mircea_popescu: whoa

15:34:59 mircea_popescu: kickass.

15:35:31 truffles: he really likes ass

15:36:15 KRS-1: haha its a nice channel though

15:36:15 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.163 = 2.326 BTC [+]

15:37:01 assbot: [BTCTC] [ASICMINER-PT] 7 @ 1.1638 = 8.1466 BTC [+]

15:37:57 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1635 BTC [-]

15:40:28 MJR_: you jacked #bitcoin-anal??

15:40:39 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1637 BTC [+]

15:42:43 Cylta: If I understand correctly, asset "O.USD.C086T" is a call option from price of 86 usd per btc that will expire this month. Why people sell it, if price is already significally higher? and for what amount is this option?

15:43:24 ThickAsThieves: Cylta, you need to wait until new options are created tonight/tomorrow

15:43:32 ThickAsThieves: current prices are "glitched"

15:43:43 ThickAsThieves: (not actually quoting anyone)

15:43:57 mircea_popescu: Cylta you understand how options work, do you ?

15:44:16 ThickAsThieves: he was looking for a full guide earlier

15:44:23 ThickAsThieves: i dont have the link saved tho

15:44:59 ThickAsThieves: you should post that shit at mpex.com

15:45:02 ThickAsThieves: .co*

15:45:24 Cylta: mircea_popescu: I did not expect, that you can buy\sell options with different price than current price. that's looks strange for me.

15:46:35 error4733: http://polimedia.us/fraudsters/2013/mpex-btc-usd-options-denomination-change/

15:46:51 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1637 BTC [+]

15:47:23 error4733: http://daytrading.about.com/od/daytradingglossary/g/OptionsCallPut.htm

15:47:58 Cylta: error4733: thanks!

15:48:20 ThickAsThieves: neither of those links will help you enough

15:48:21 mircea_popescu: Cylta https://bitcointalk.org/index.php?topic=67302.0

15:48:24 error4733: the price is not different, it's a like a bet !

15:48:24 mircea_popescu: prolly should start there.

15:48:38 ThickAsThieves: thats the good one!

15:49:15 ThickAsThieves: would you consider adding that link to the mpex faq?

15:50:14 mircea_popescu: well the idea kinda is that the mpex faq is about mpex, and people should be learning about options other places.

15:50:47 deadweasel: $acg

15:50:51 deadweasel: $avg

15:50:52 mpexbot: deadweasel: 135.85

15:51:37 deadweasel: crap. hey mp, does the bot come online to buy back my calls at a fraction of the price I bought them for?

15:52:06 ThickAsThieves: asking mp for something = always asking too much

15:52:20 deadweasel: answers are usually rec'd.

15:52:25 deadweasel: which is something.

15:52:34 ThickAsThieves: "for"

15:52:59 ThickAsThieves: he will speak to you, just not act for you

15:53:02 deadweasel: we'll see.

15:53:09 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1637 BTC [+]

15:53:11 deadweasel: all i want is an answer

15:53:31 deadweasel: unless you want to buy some calls at 215 ThickAsThieves ! :

15:53:36 deadweasel: :D

15:54:01 ThickAsThieves: already burdened with Put at 89

15:54:04 ThickAsThieves: Puts*

15:54:25 deadweasel: ouchie, should exercised them demons... i did the avg ever come down that far?

15:54:30 ThickAsThieves: and calls the mysteriously excercised at 0

15:54:32 deadweasel: or was the 50 bounce too quick?

15:54:47 assbot: [BTCTC] [S.MPOE-PT] 150 @ 0.000641 = 0.0962 BTC [-]

15:54:59 assbot: [BTCTC] [S.MPOE-PT] 100 @ 0.00064 = 0.064 BTC [-]

15:55:38 assbot: [BTCTC] [BTC-BOND] 5 @ 0.00983 = 0.0492 BTC [-]

15:55:41 assbot: [BTCTC] [BTC-BOND] 1 @ 0.00983 BTC [-]

15:55:47 assbot: [BTCTC] [BTC-BOND] 8 @ 0.00982 = 0.0786 BTC [-]

15:55:49 assbot: [BTCTC] [S.MPOE-PT] 9 @ 0.000639 = 0.0058 BTC [-]

15:55:54 assbot: [BTCTC] [BTC-BOND] 15 @ 0.00981 = 0.1472 BTC [-]

15:55:56 assbot: [BTCTC] [S.MPOE-PT] 30 @ 0.000635 = 0.0191 BTC [-]

15:56:08 assbot: [BTCTC] [S.MPOE-PT] 10 @ 0.000631 = 0.0063 BTC [-]

15:57:07 assbot: [BTCTC] [GSDPT] 30 @ 0.00281 = 0.0843 BTC [+]

15:57:11 assbot: [BTCTC] [GSDPT] 1 @ 0.00281 BTC [+]

15:57:14 assbot: [BTCTC] [GSDPT] 97 @ 0.0028 = 0.2716 BTC [-]

15:57:36 assbot: [BTCTC] [GSDPT] 1 @ 0.0028 BTC [-]

15:57:40 ThickAsThieves: my MPOE PT shares seem to be being held hostage by DeadTerra, who is disinclined to trasnfer them to Jurov for me.

15:58:17 deadweasel: lol, i sold EVERYTHING. I don't want to hold of any of that crap right now.

15:58:23 jurov: did he said as much? or is he just silent?

15:58:27 ThickAsThieves: silent

15:58:31 ThickAsThieves: after several messages

15:58:38 ThickAsThieves: and sign-ons by him

15:58:42 ThickAsThieves: in forum

15:59:33 ThickAsThieves: maybe he's busy playing Starcraft or sumth

15:59:59 kakobrekla: i wouldnt trust a guy who plays xbox

16:00:27 assbot: [BTCTC] [ASICMINER-PT] 3 @ 1.1638 = 3.4914 BTC [+]

16:00:32 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1649 BTC [+]

16:00:44 ThickAsThieves: AM is gonna rally again

16:00:45 assbot: [BTCTC] [ASICMINER-PT] 10 @ 1.165 = 11.65 BTC [+]

16:00:59 ThickAsThieves: friedcat confirmed 15TH will be online within a week

16:01:46 mircea_popescu: ok so who wants to or knows anyone wanting to model tits for a new project of mine ?

16:02:12 ThickAsThieves: MPOE-PR seems to be equipped

16:02:58 mircea_popescu: im trying to spread bitcoin incomes to poor girls.

16:03:02 mircea_popescu: she ain't poor.

16:03:20 assbot: [BTCTC] [B.YABMC] 30 @ 0.01629 = 0.4887 BTC [+]

16:03:45 assbot: [BTCTC] [S.MPOE-PT] 150 @ 0.000679 = 0.1019 BTC [+]

16:05:13 ThickAsThieves: Maybe reddit wants to help

16:05:22 Cylta: mircea_popescu: http://www.reddit.com/r/GirlsGoneBitcoin ? i think many of them may help you

16:05:33 KRS-1: I'm a poor girls.

16:05:41 mircea_popescu: a ty

16:05:47 mircea_popescu: KRS-1 you female ?

16:05:52 KRS-1: i can be

16:06:06 KRS-1: how much btc we talkin here

16:06:12 mircea_popescu: talk to goat, i don't do ladyboiz

16:06:21 KRS-1: lulz

16:06:50 KRS-1: ok i'll settle for ltc ...?

16:06:58 KRS-1: nmc?

16:07:12 Cylta: KRS-1: may be xrp =)

16:07:30 KRS-1: whats a xrp

16:08:00 tiberiusiv: ;;bids 50

16:08:03 gribble: There are currently 165183.38 bitcoins demanded at or over 50.0 USD, worth 14103182.0003 USD in total. | Data vintage: 0.0086 seconds

16:08:12 tiberiusiv: ;;asks 200

16:08:13 gribble: There are currently 69668.083 bitcoins offered at or under 200.0 USD, worth 11769976.7017 USD in total. | Data vintage: 9.4491 seconds

16:08:24 Cylta: KRS-1: premined, centrelised, low-value, with-no-future coin =)

16:08:33 davout: mircea_popescu: you could organize orgies in romania, get bitcoins spent, and poor girls richer

16:08:56 mircea_popescu: o look who's back

16:09:09 mircea_popescu: i think ima organise lockable cages webhosting first, frenchie :D

16:09:14 kakobrekla: lol

16:09:18 assbot: [BTCTC] [BASIC-MINING] 14 @ 0.41 = 5.74 BTC [+]

16:09:20 davout: mircea_popescu: where do i sign?

16:09:31 mircea_popescu: ovh.com/suckers-apply-here

16:10:00 davout: yeah well

16:10:44 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1978 BTC [+]

16:10:47 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1979 BTC [+]

16:10:47 mircea_popescu: so how's paris ?

16:10:56 davout: being hit by the very thing you were discussing a couple of hours ago on #bitcoin-assets OH THE IRONY

16:11:02 davout: dirty as usual

16:11:09 MJR_: lol

16:11:14 MJR_: hi davout

16:11:23 davout: MJR_: hello

16:11:42 MJR_: whats new

16:11:47 KRS-1: whats up MJR-

16:12:44 davout: MJR_: well. https://bitcoin-central.net pretty much sums it all up

16:12:53 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1979 BTC [+]

16:13:02 assbot: [BTCTC] [ASICMINER-PT] 12 @ 1.198 = 14.376 BTC [+]

16:14:11 mircea_popescu: i do think the idea to reaudit the entire thing leisurely is best.

16:14:13 mircea_popescu: who came up with it ?

16:15:29 davout: mircea_popescu: the idea of re-auditing ?

16:15:41 mircea_popescu: you know, take service down, check everything, no rush

16:15:45 davout: i did

16:15:50 mircea_popescu: good call.

16:16:26 davout: my intelligence is limited, but i do have enough to see when taking a step back is needed

16:16:30 davout: :-)

16:18:29 mircea_popescu: ;;getrating davout

16:18:30 gribble: WARNING: Currently not authenticated. User davout, rated since Thu Jan 27 14:22:24 2011. Cumulative rating 14, from 4 total ratings. Received ratings: 4 positive, 0 negative. Sent ratings: 2 positive, 0 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=davout

16:19:08 mircea_popescu: https://bitcointalk.org/index.php?topic=188353.0 here we go

16:19:57 jurov: replied

16:21:11 MJR_: lol

16:21:22 assbot: [BTCTC] [S.DICE-PT] 5 @ 0.003071 = 0.0154 BTC [-]

16:21:22 MJR_: how much resemblance necessary?

16:21:26 jurov: but dunno how many topless models frequent irc.. maybe usagi will volunteer?

16:21:37 kakobrekla: https://bitcointalk.org/index.php?topic=174620.msg1950361#msg1950361

16:21:43 MJR_: lol yeah

16:21:59 kakobrekla: also scroll up wtf?

16:22:02 assbot: [BTCTC] [S.DICE-PT] 8 @ 0.00307 = 0.0246 BTC [-]

16:22:20 kakobrekla: who is the attention whore now

16:22:57 assbot: [BTCTC] [COGNITIVE] 1 @ 0.17603 BTC [-]

16:23:27 assbot: [BTCTC] [BTC-BOND] 6 @ 0.00981 = 0.0589 BTC [-]

16:23:30 assbot: [BTCTC] [BTC-BOND] 4 @ 0.0098 = 0.0392 BTC [-]

16:23:34 ThickAsThieves: nice pic, rivals even MP's pics

16:23:44 jurov: My burn rate is currently about $200,000 per month if I continue at this level

16:23:57 jurov: mpoe-pr should comment how much women if mp's burn rate

16:24:02 jurov: *is

16:25:37 kakobrekla: omg that thread

16:25:47 kakobrekla: it continiues into total retarded noobishness

16:25:50 bitcoin_lady: Hello :p

16:25:59 mircea_popescu: heya bitcoin_lady

16:26:03 j0w: :)

16:26:12 ThickAsThieves: this should be fun

16:26:29 kakobrekla: it it apropriate to say "tits or gtfo" ?

16:27:05 bitcoin_lady: This is not /b/, faggot.

16:27:16 kakobrekla: its a meta question, lady.

16:27:35 mircea_popescu: haha cool.

16:27:48 mircea_popescu: so this rpietila guy is trying to be me two years later basically ?

16:27:59 mircea_popescu: bitcoin_lady to read your private messages click on the tab

16:28:13 kakobrekla: mircea_popescu i think he is a liar ... saying he was 'around' first bubbl

16:28:14 kakobrekla: e

16:28:27 mircea_popescu: ya well.

16:28:33 kakobrekla: dunno

16:28:36 mircea_popescu: people love pumping themselves up for w/e reason.

16:30:08 kakobrekla: i mean the guy sent 13 btc to some other guy

16:30:11 kakobrekla: to prove he is rich

16:30:16 kakobrekla: that only proves he is an idiot

16:30:20 mircea_popescu: pretty much.

16:30:36 error4733: ?

16:30:46 error4733: i check the address on blockchain

16:30:54 error4733: he didnt sent

16:31:08 kakobrekla: apparently was internal tx of easywallet

16:31:15 kakobrekla: i mean its that or he has two accounts

16:31:19 kakobrekla: and is self trolling

16:31:21 mircea_popescu: lmao

16:31:21 kakobrekla: and so incapable

16:31:24 mircea_popescu: what idiot.

16:31:29 kakobrekla: that he doesnt even do blockchain tx

16:31:30 error4733: self trolling imo

16:31:33 mircea_popescu: somebody drop a link to mpex's public addy, see what he says

16:37:50 Cylta: why people sell options above 1btc? looks like profit may not break the edge of 1btc per option.

16:38:06 Cylta: at lest for calls

16:38:57 mircea_popescu: Cylta the bot is a little crazy currently.

16:39:02 mircea_popescu: you can sell them for whatever you want tho.

16:39:53 Cylta: but by math, any calls that are sold for more, than 1 btc is just waiting of buyers money :P kind of math exam?

16:40:35 Chaang-Noi: kakobrekla that guy.. wtf was he thinking?

16:40:44 kakobrekla: he wasnt

16:40:49 kakobrekla: and isnt

16:40:49 Chaang-Noi: you know he has a party or gathering or something in finland?

16:40:51 kakobrekla: and wont be

16:41:05 Chaang-Noi: he asked me to go, and then asked for btc :/

16:41:12 kakobrekla: omg

16:41:18 kakobrekla: how much

16:41:38 Chaang-Noi: i dont know, it goes up the longer i wait. but i guess there is hotel or something involved

16:41:45 Chaang-Noi: but there are no details that i can find

16:42:11 Chaang-Noi: im not going so i just sorta ignored it but then i saw this and was like wtf??

16:42:16 kakobrekla: lol

16:42:37 kakobrekla: well this is bitcoin, everyone and their sister is the biggest expert

16:42:49 jurov: and their dog

16:43:09 jurov: yes, this is a dog.

16:44:24 Chaang-Noi: kako i cant tell if he is some silver hot shot invester who made money in the run up and now did well in btc in the last 4 months or is just a full scammer

16:44:49 Chaang-Noi: btw is he claiming to have 2.4k btc or 24k btc?

16:44:52 truffles: u jelly?

16:45:04 kakobrekla: i dont know

16:45:10 kakobrekla: he was buying at ~100

16:45:12 jurov: 2.4k mbtc

16:45:18 Chaang-Noi: no i did very well in silver and then i did very well in btc/ltc and asicminer

16:45:20 jurov: he's givind errythign in mbtc

16:45:28 kakobrekla: yes retarded

16:45:32 Chaang-Noi: yeah buying at over 100 is not something id brag about

16:45:40 truffles: new money gets the stern look from everyone huh

16:45:56 Chaang-Noi: we are not even sure if he has money or is just a troll

16:46:15 Chaang-Noi: he tried to prove he had money by moving 13 btc and it never showed up on the block chain....

16:46:40 Chaang-Noi: he might not have any btc

16:46:45 kakobrekla: dunno

16:47:36 kakobrekla: strange he is not aware that he cant sign an addy

16:47:43 kakobrekla: i mean

16:47:50 kakobrekla: sign something with priv key of an addy

16:48:18 Chaang-Noi: he sent from a fucking web wallet

16:48:21 Troic_: perhaps his web wallet, nm says it all

16:48:41 kakobrekla: you can sign from blockchain.info wallet

16:48:48 Chaang-Noi: who the fuck uses a web wallet? i understand maybe the troll had one but a guy with 24k or 2.4k lol

16:49:06 kakobrekla: o looky

16:49:06 kakobrekla: https://bitcointalk.org/index.php?topic=188304.0

16:49:11 Chaang-Noi: what is easywallet? iv never used it

16:49:15 kakobrekla: it must have rained recently

16:49:45 kakobrekla: "its time to make a change" cause you defo wont be "making a bank"

16:50:59 truffles: new channel for me

16:51:41 truffles: so many people in here

16:51:44 truffles: its buzzin

16:52:46 deadweasel: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425

16:52:58 truffles: slow pony?

16:53:11 truffles: hi

16:53:21 deadweasel: howdy truf

16:53:44 truffles: are your panties in a bunch about new money too?

16:54:10 Chaang-Noi: what happened to tiberslav?

16:54:15 deadweasel: i was just impressed that rolling stone changed their position. my panties are in the laundry.

16:54:41 truffles: chaang he's in -offtopic

16:54:58 deadweasel: he's nowhere with /ignore!

16:55:05 kakobrekla: https://bitcointalk.org/index.php?topic=187469.0

16:55:06 kakobrekla: yes

16:55:11 truffles: ignore is for pussies

16:55:12 kakobrekla: i think they are that retarded.

16:55:26 truffles: toughen up

16:57:39 Chaang-Noi: 1 btc = 1000 nBTC?

16:57:42 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.198 = 2.396 BTC [+]

16:57:42 Chaang-Noi: mBTC?

16:57:51 Cylta: Chaang-Noi: mBTC

16:58:02 Cylta: Chaang-Noi: 1 btc = 1 000 000 nBTC

16:58:05 assbot: [BTCTC] [ASICMINER-PT] 3 @ 1.198 = 3.594 BTC [+]

16:58:07 mircea_popescu: you know he has a party or gathering or something in finland? <<< Ahahahah

16:58:23 Cylta: oh, no.. 1 btc = 1 000 mBTC = 1 000 000 uBTC = 1 000 000 000 nBTC

16:58:26 Chaang-Noi: mp did you not get the invite?

16:58:28 mircea_popescu: dude this is so ridiculous

16:58:36 Chaang-Noi: its like in 2 weeks as well

16:58:53 ThickAsThieves: i am fond of the ignore function

16:59:00 assbot: [BTCTC] [BASIC-MINING] 3 @ 0.400001 = 1.2 BTC [-]

16:59:07 mircea_popescu: so did he hear about my thing and is trying to copy retardedly

16:59:10 mircea_popescu: or just natural retard ?

16:59:34 assbot: [BTCTC] [COG.F] 1 @ 2.3 BTC [-]

16:59:52 Chaang-Noi: i want to post in public is pm to me but i dont want to violate privacy issues

17:00:03 assbot: [BTCTC] [ASICMINER-PT] 3 @ 1.198 = 3.594 BTC [+]

17:00:13 truffles: good call

17:01:03 mircea_popescu: kinda worth it for the lulz,

17:01:05 assbot: [BTCTC] [S.DICE-PT] 44 @ 0.00307 = 0.1351 BTC [-]

17:01:07 mircea_popescu: kinda not worth it dfor the drama

17:01:21 assbot: [BTCTC] [S.DICE-PT] 98 @ 0.00306 = 0.2999 BTC [-]

17:01:28 assbot: [BTCTC] [S.DICE-PT] 570 @ 0.00306 = 1.7442 BTC [-]

17:01:43 Chaang-Noi: he said he was going to make it public somewhere

17:01:46 assbot: [BTCTC] [S.DICE-PT] 130 @ 0.00301 = 0.3913 BTC [-]

17:01:50 Chaang-Noi: but i never saw that

17:01:52 ThickAsThieves: sharing pms violates privacy issues?

17:02:03 assbot: [HAVELOCK] [VTX] 6 @ 0.4244 = 2.5464 BTC [-]

17:02:18 ThickAsThieves: violates trust only, i thought

17:02:21 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.1999 = 2.3998 BTC [+]

17:02:22 Chaang-Noi: it is a personal invite to his party, i dont think i should share it word for word

17:02:35 Chaang-Noi: fine its a trust issue,

17:02:36 ThickAsThieves: oh i get it

17:02:45 ThickAsThieves: like it has personal info in it

17:02:59 Chaang-Noi: it has info he said he would make public

17:03:06 Chaang-Noi: but i dont know where or if he has

17:04:04 truffles: post the stuff he said he would make public

17:04:13 truffles: with him saying so

17:04:30 Chaang-Noi: hey kako that thread is self moderated

17:04:35 mircea_popescu: http://i.imgur.com/xQE0Tgsl.jpg

17:04:37 Chaang-Noi: he is going to get rid of all of that

17:04:45 mircea_popescu: ajhahaha dude bought a $5 ad in an ad paper

17:04:47 mircea_popescu: bwahahaha

17:04:54 mircea_popescu: dude never has so much been attempted with so little.

17:05:10 Girlfawkesy: I understand MP was looking for me?

17:05:22 Chaang-Noi: its a scam mp?

17:05:49 Girlfawkesy: I dunno, I got a message on reddit

17:05:58 Girlfawkesy: not much info was given, and I was curious

17:06:01 mircea_popescu: Girlfawkesy hey there.

17:06:12 jcpham: what is #bitcoin-assets?

17:06:19 jcpham: bitcoin-asshats?

17:06:22 imsaguy: gypsy bazaar

17:06:26 Troic_: its a virtual lobby for mp ?

17:06:27 Cylta: jcpham: temple of mircea_popescu =)

17:06:30 truffles: recruitment grounds

17:06:35 Technologov__: what is traded on this bazaar ?

17:06:42 mircea_popescu: imsaguy is alive ?!

17:06:43 kakobrekla: slaves

17:06:43 jcpham: mp has a following?

17:06:45 Chaang-Noi: tears

17:06:47 jcpham: sadness

17:06:49 Scrat: dreams

17:06:50 imsaguy: mircea_popescu: I was on a trip

17:06:54 mircea_popescu: Technologov__ its the place where bitcoin securities get discussed.

17:07:04 Technologov__: such as ?

17:07:08 Technologov__: Are there any ? ^^

17:07:11 jcpham: these guys in otc are selling an ASIC startup

17:07:13 mircea_popescu: !ticker m s.mpoe

17:07:14 assbot: [MPEX:S.MPOE] 1D: 0.00067399 / 0.00069538 / 0.000703 (298127 shares, 207.31 BTC), 7D: 0.00064141 / 0.0006982 / 0.00073891 (2649171 shares, 1,849.67 BTC), 30D: 0.00059218 / 0.00068714 / 0.00073891 (10288649 shares, 7,069.75 BTC)

17:07:16 mircea_popescu: !ticker m s.dice

17:07:17 jcpham: telling people 200% returns

17:07:18 assbot: [MPEX:S.DICE] 1D: 0.00278789 / 0.00278789 / 0.00278789 (1309 shares, 3.65 BTC), 7D: 0.0023263 / 0.00295308 / 0.00349995 (32043 shares, 94.63 BTC), 30D: 0.0012 / 0.00317689 / 0.00448 (1524631 shares, 4,843.59 BTC)

17:07:20 mircea_popescu: !ticker m s.bbet

17:07:21 assbot: [MPEX:S.BBET] 1D: 0 / 0 / 0 (0 shares, 0 BTC), 7D: / / ( shares, BTC), 30D: 0.00050015 / 0.00177875 / 0.00201395 (137670 shares, 244.88 BTC)

17:07:22 mircea_popescu: etc.

17:07:23 jcpham: i told 'em to come here!

17:07:49 imsaguy: I think asicminer needs a passthrough on mpex

17:07:58 imsaguy: they're everywhere else

17:07:58 Chaang-Noi: lol

17:08:04 jcpham: think asicminer needs to send me some blades

17:08:08 imsaguy: better yet

17:08:08 jcpham: so i can erupt some shit

17:08:14 Chaang-Noi: AM does not need it, mpex might need it

17:08:15 imsaguy: a passthrough for the passthroughs

17:08:18 imsaguy: make a synthetic

17:08:23 jcpham: we could proxy all the proxies

17:08:29 imsaguy: exactly

17:08:36 mircea_popescu: imsaguy the day they sign a contract.

17:08:39 Chaang-Noi: AM has all the funding they need, they dont need shit

17:08:42 jcpham:

17:08:53 Chaang-Noi: mp, friedcat will never sign a contract

17:08:56 imsaguy: mircea_popescu: AM needs to sign if its a passthrough?

17:09:04 imsaguy: mircea_popescu: can you read chinese?

17:09:12 mircea_popescu: they need to sign if its on mpex.

17:09:19 Chaang-Noi: they wont sign

17:09:31 Chaang-Noi: why take a risk with no gain?

17:09:33 imsaguy: those chinese won't sign anything unless its in chinese

17:09:40 mircea_popescu:

17:09:49 imsaguy: stupid china

17:10:02 ThickAsThieves: its a moot point, like Chaang says, they don't need anything

17:10:04 jcpham: forget about asicminer

17:10:04 mircea_popescu: i can't be stonewalled. he won't sign, he won't exist pretty much.

17:10:11 BTCOxygen: imsaguy: lol

17:10:14 jcpham: get in on the ground floor of peachMining

17:10:21 BTCOxygen: imsaguy: Use google translate..

17:10:23 BTCOxygen: :P

17:10:27 Chaang-Noi: haha AM wont exist :) hahahah

17:10:30 imsaguy: jcpham, I'm goign to form my own asic company

17:10:37 jcpham: tell me more BTCOxygen

17:10:39 Chaang-Noi: 10% of the network and soon to be 20%

17:10:39 Technologov__: There is an opportunity to Invest in Avalon ASIC chips.

17:10:40 Technologov__: Run by .

17:10:44 Technologov__: https://bitcointalk.org/index.php?topic=184305.0

17:10:49 jcpham: -otc is a terrible place to sell the idea

17:10:52 imsaguy: Chaang-Noi, they've been promising for a while

17:10:58 imsaguy: they're starting to sound like bfl

17:10:59 Scrat: imsaguy: cant help but misread your nick as imsogay :'(

17:11:00 imsaguy: always delays

17:11:02 assbot: [HAVELOCK] [SDICE] 1 @ 0.29999997 BTC [+]

17:11:03 assbot: [HAVELOCK] [SDICE] 1 @ 0.29999998 BTC [+]

17:11:08 mircea_popescu: Scrat for good reason.

17:11:13 Chaang-Noi: they ahve the chips, they dont have the power

17:11:14 imsaguy: Scrat: it happens to those with a reading level below the american fourth grade

17:11:16 jcpham: imsogay

17:11:18 Chaang-Noi: did you read his update today?

17:11:20 jcpham: so funny

17:11:24 Chaang-Noi: and anyway they have 7.7 TH

17:11:29 Chaang-Noi: that is much more than not existing

17:11:33 imsaguy: they're supposed to have like 12 TH

17:11:39 imsaguy: like 3 months ago

17:11:46 ThickAsThieves: ^

17:11:54 imsaguy: how are they going to add 50 more if they can't get teh original going?

17:11:56 ThickAsThieves: they did, they just didnt share

17:12:02 Chaang-Noi: my point was, MP claim of them not existing if they are not on his eschagne is lulz

17:12:05 imsaguy: ThickAsThieves, most likely

17:12:13 jcpham: so 2.8TH/s for 3500BTC?

17:12:17 imsaguy: Chaang-Noi: he meant they won't exist on the exchange, derp

17:12:22 jcpham: ;;genrate 28000000

17:12:25 gribble: The expected generation output, at 28000000.0 Mhps, given difficulty of 8974296.01489, is 1569.07933912 BTC per day and 65.3783057965 BTC per hour.

17:12:25 Cylta: Can I create options? and do I have to keep a balance to cover them? (and what do I have to do with puts, because they may cost ~inf in case if price will go to 0)?

17:12:36 mircea_popescu: Cylta yes, you can create options. you need to cover them.

17:12:39 BTCOxygen: jcpham: 3TH/s.

17:12:45 Chaang-Noi: imsaguy and that is what i told you

17:12:47 BTCOxygen: Will update OP in few hours.

17:12:53 jcpham: ;;calc 3500*[ticker --avg]

17:12:54 gribble: 476259.42

17:12:57 Chaang-Noi: they dont need anything.

17:13:07 jcpham: ;;bc,stats

17:13:10 gribble: Current Blocks: 233265 | Current Difficulty: 8974296.01488785 | Next Difficulty At Block: 233855 | Next Difficulty In: 590 blocks | Next Difficulty In About: 3 days, 6 hours, 40 minutes, and 0 seconds | Next Difficulty Estimate: 9964156.51421 | Estimated Percent Change: 11.02995

17:13:15 imsaguy: THey need content shareholders.

17:13:20 jcpham: what's the timeline until deployed BTCOxygen

17:13:23 imsaguy: Well, technically, they don't even need that.

17:13:28 ThickAsThieves: they have content shareholders

17:13:30 imsaguy: At this point, asicminer has the shareholders by the balls.

17:13:32 BTCOxygen: jcpham: ~July.

17:13:34 Scrat: jcpham thats one zero too many

17:13:41 jcpham: ;;genrate 2800000

17:13:42 gribble: The expected generation output, at 2800000.0 Mhps, given difficulty of 8974296.01489, is 156.907933912 BTC per day and 6.53783057965 BTC per hour.

17:13:45 jcpham: ?

17:13:56 BTCOxygen: ;;generate 3000000

17:13:57 gribble: Error: "generate" is not a valid command.

17:14:05 BTCOxygen: ;;genrate 3000000

17:14:07 gribble: The expected generation output, at 3000000.0 Mhps, given difficulty of 8974296.01489, is 168.115643477 BTC per day and 7.00481847819 BTC per hour.

17:14:33 jcpham: i'm betting we're way way over 20mil by july in diff

17:14:41 mircea_popescu: there's this crazy gbet about 10mn diff by end of month

17:14:45 mircea_popescu: im so curious which way it neds

17:14:53 mircea_popescu: like 10-20k riding on it

17:14:55 jcpham: ;;genrate 3000000 20000000

17:14:56 gribble: The expected generation output, at 3000000.0 Mhps, given difficulty of 20000000.0, is 75.4359774646 BTC per day and 3.14316572769 BTC per hour.

17:14:59 imsaguy: mircea_popescu, which side are you on?

17:15:05 mircea_popescu: neither actually

17:15:08 BTCOxygen: jcpham: Even if difficulty hit 35mil you are still safe.

17:15:25 jcpham: ;;calc 75*[ticker --avg]*30

17:15:25 gribble: 306166.77

17:15:26 imsaguy: anyone saying a 10x diff hike is nbd is crazy

17:15:49 jcpham: at 20 mil difficulty who is selling the $306k in coins you mine in july

17:16:16 BTCOxygen: imsaguy: So you are saying that the difficulty will not hit 100m ?

17:16:21 jcpham: ;;genrate 3000000 40000000

17:16:21 gribble: The expected generation output, at 3000000.0 Mhps, given difficulty of 40000000.0, is 37.7179887323 BTC per day and 1.57158286385 BTC per hour.

17:16:27 jcpham: follow up question

17:16:33 BTCOxygen: jcpham: Profits will be paid out to investors in Bitcoins.

17:16:34 jcpham: ;;calc 37*[ticker --avg]*30

17:16:35 gribble: 151040.4084

17:16:37 imsaguy: I know difficuilty will hit much higher than that

17:16:47 jcpham: who sel the 150k in coins the new month at 40 mil

17:16:58 jcpham: it difficult for me to trust

17:17:13 BTCOxygen: jcpham: Why sell the coins ?

17:17:24 jcpham: ic

17:17:30 jcpham: you are right

17:17:44 jcpham: but you want btc upfront?

17:17:57 BTCOxygen: jcpham: Dividends will be paid in Bitcoins.

17:18:08 BTCOxygen: jcpham: Yes we need funding for the project.

17:18:20 jcpham: name "we"

17:18:23 jcpham: publicly

17:19:14 BTCOxygen: Our team

17:19:24 BTCOxygen: Our = I and my partner.

17:19:46 imsaguy: This interview is going well.

17:19:50 imsaguy: <.<

17:19:51 BTCOxygen: team = The people working for us.

17:19:51 imsaguy: >.>

17:19:55 jcpham: you should get used to saying "me John Q Whatever and my partner Steven X> whocares"

17:19:57 Technologov__:

17:19:59 Scrat: the chinese

17:20:09 Scrat: BTCOxygen: are they chinese?

17:20:17 Technologov__: http://btcoxygen.com/

17:20:25 jcpham: it's half mil in BTC up front

17:20:37 imsaguy: Technologov__: mining pool software is prepackaged these days. it doesn't take rocket science to run it.

17:20:59 jcpham: it's a great idea but you'll need more of a following

17:22:00 BTCOxygen: imsaguy: Yeah it does not need rocket science, Also we built our custom poolserver, Plus we have paid users without troubles.

17:22:11 BTCOxygen: Thats what brings the trust.

17:22:31 BTCOxygen: Paying users = trust.

17:22:42 imsaguy: you're right

17:22:44 imsaguy: I apologize

17:22:56 truffles: i dont like the name btcoxygen..

17:23:00 imsaguy: http://ts3.mm.bing.net/th?id=H.4868208981114978&pid=1.7

17:24:04 BTCOxygen: imsaguy: heh.

17:24:11 BTCOxygen: If anyone is interested please PM me.

17:24:50 Technologov__: jcpham, read: https://bitcointalk.org/index.php?topic=184305.0

17:26:16 jcpham: i'm not going to jump on the tread and be mean but like those guys are saying

17:26:32 jcpham: 3500 btc upfront and AT BEST you'll generate 150BTC/monthly

17:26:38 jcpham: ;;calc 3500/150

17:26:38 gribble: 23.3333333333

17:26:42 jcpham: 23 month roi

17:26:47 jcpham: assuming rainbows

17:26:55 jcpham: and there are no rainbows here

17:27:18 Scrat: it is 150 btc daily

17:27:25 jcpham: oh shit

17:27:32 jcpham: u right my maths is so bad

17:27:45 Scrat: but that doesn't make it anymore viable

17:27:45 jcpham: where do i sign up? I have 1 btc to contrtibute

17:27:53 Scrat: as you said it's a lot of dough upfront

17:28:00 jcpham: i'd like one share please.

17:28:19 jborkl: You owe Topace 20 btc right?

17:28:34 jborkl: that you have not paid in how long

17:28:36 jborkl: ?

17:29:16 truffles: public shaming ftw

17:29:35 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.2 BTC [+]

17:30:46 KRS-1: wow price of btc looks higer for once on btc-e

17:31:17 kakobrekla: its not

17:31:18 kakobrekla: http://jezus.si:81/render?target=bitcoin.*.transactions&height=500&width=1100&lineMode=connected

17:31:20 KRS-1: my bad cached

17:31:21 assbot: [BTCTC] [PAJKA.BOND] 17 @ 0.09749 = 1.6573 BTC [-]

17:31:30 KRS-1: you're right

17:31:45 assbot: [BTCTC] [PAJKA.BOND] 1 @ 0.09749 BTC [-]

17:32:07 BTCOxygen: jcpham: Pm me if interested.

17:32:25 BTCOxygen: jborkl: I have been paing him from my profits.

17:32:46 BTCOxygen: ;;calc 3500/(150 * 30)

17:32:47 gribble: 0.777777777778

17:32:56 BTCOxygen: jcpham: ^^^

17:35:35 BTCOxygen: truffles: It sounds cool to me.

17:37:02 truffles: oprah already has oxygen network though

17:37:59 truffles: it would take getting used to

17:38:11 truffles: i just like bold names

17:39:29 Chilca: Nice site: http://www.satoshiplay.com/

17:40:04 mircea_popescu: Proudly powered by WordPress. GamePress ?

17:44:51 mircea_popescu: "I think rpietila is very close to establishing cult of personality. What MP achieves with mental coercion, rpietila does using humour, and with ease."

17:45:02 MJR_: lol

17:45:06 MJR_: who is that guy?

17:45:09 mircea_popescu: no srlsy, the bitcointalk forum is like... seinfeld.

17:45:24 mircea_popescu: MJR_ i totally have no idea.

17:45:43 MJR_: hmmm i think i am going to do an otc transaction

17:45:44 mircea_popescu: "some douche" is the best i got out of mpoe-pr

17:45:46 MJR_: or at least try

17:46:04 Technologov__: So what kind of assets are here?

17:46:14 Technologov__: Any good Bitcoins companies traded ?

17:46:19 Technologov__: start-ups ?

17:46:37 truffles: *crickets*

17:47:18 mircea_popescu: yes.

17:49:29 assbot: [BTCTC] [PAJKA.BOND] 46 @ 0.0975 = 4.485 BTC [+]

17:50:50 MJR_: hmmm

17:50:59 MJR_: anyone here know of a quick cash option?

17:51:05 jborkl: I feel dumb for reading part of that reptelia thread

17:51:20 jborkl: reminds me why I do not read the forum

17:51:27 mircea_popescu: MJR_ what do you mean quick cash option ?

17:52:10 cylta: MJR_: pirate? but unfortunately he temporarly suspended his project =)

17:52:45 BTCOxygen: cylta: FYI, He permenently suspended his project.

17:52:55 mircea_popescu: stop spreading fud

17:52:56 cylta: BTCOxygen: <\irony>

17:53:31 Technologov__: who is "he" ?

17:53:35 Technologov__: And which project ?

17:57:19 mircea_popescu: http://polimedia.us/dtng/c/src/136699181151.jpg check out the cat.

17:57:47 inhies: mircea_popescu: wat cat

17:58:17 jurov: yes a cat is there, zoom moar

17:58:36 mircea_popescu: jurov has immunity.

17:59:00 inhies: slightly intoxicated

17:59:02 inhies: i see no cat

17:59:07 inhies: not even in teh slightest bit

17:59:12 Cylta: I see two cats =)

17:59:15 mircea_popescu: maybe if upside down ?

17:59:21 jurov: two cats at 10 o'clock

17:59:26 davout: i smell pussy

17:59:33 mircea_popescu: so wash.

17:59:47 davout: :3

17:59:51 mircea_popescu: lol

18:00:14 inhies: ˙ɹǝʇʇǝq ɥɔnɯ s,ʇɐɥʇ ˙ʍou ʇı ǝǝs ı 'ʞo ɥɐ :nɔsǝdod‾ɐǝɔɹıɯ

18:00:25 mircea_popescu: haha

18:00:57 topace: [11:27:57] You owe Topace 20 btc right?

18:01:04 topace: ^ indeed he does

18:01:42 inhies: i read that as Tupac

18:01:44 inhies: =/

18:02:35 mircea_popescu: that's intentional

18:02:44 mircea_popescu: he's trying to start a personality cult

18:03:33 truffles: https://www.youtube.com/watch?v=7xxgRUyzgs0 one of my favorite songs

18:03:52 truffles: thanks to CM Punk..

18:05:02 assbot: [HAVELOCK] [VTX] 5 @ 0.4244 = 2.122 BTC [-]

18:09:02 assbot: [HAVELOCK] [KCIM] 4 @ 1.21 = 4.84 BTC [-]

18:36:55 hellohello: can someone help me?))

18:37:35 kakobrekla: hello hellohello

18:39:55 BTCOxygen: Technologov__: pirateat40 was a scammer.

18:40:03 BTCOxygen: He ran away with the bitcoins.

18:40:15 Technologov__: ??? I never ever heard of him.

18:40:30 Technologov__: How an investor be a scammer ?

18:40:36 BTCOxygen: Technologov__: Yeah because he ran away long ago.

18:40:38 Technologov__: Either he invests or he does not.

18:40:45 BTCOxygen: He is not an Investor.

18:40:57 BTCOxygen: He was running the project.

18:41:04 Technologov__: then what ? Which project ?

18:41:43 BTCOxygen: Technologov__: He was paying a high interest rate to users who invested with him.

18:41:55 Technologov__: aha. Typical ponzi.

18:42:02 BTCOxygen: yep.

18:42:30 Technologov__: There is no risk-free interest above government bonds. Really.

18:42:39 Technologov__: maybe 3% at most.

18:42:53 Technologov__: As a small investor, I know it for sure.

18:43:12 Technologov__: Anything above that takes risk (and time).

18:43:17 BTCOxygen: Technologov__: FYI, He ran away with 100,000 Bitcoins.

18:43:23 Technologov__: YAY !

18:43:32 Technologov__: huge amount

18:43:32 Cylta: Technologov__: goverment bonds are not risk-free.

18:43:46 BTCOxygen: I don't want to do the math its painfull.

18:43:51 Technologov__: Cylta, why not ? gvmt can simply print money to return cash.

18:43:58 Technologov__: so it is risk-free.

18:44:10 mircea_popescu: heya hellohello

18:44:24 Technologov__: gvmt has no reason to default on own obligations.

18:44:31 hellohello: hi

18:44:36 Cylta: Technologov__: ahhh, in this meaning... yes. but money can default (or start to huperinflate)

18:44:37 BTCOxygen: ;;calc 100000*[ticker --avg]

18:44:38 gribble: 13572660.0

18:44:51 BTCOxygen: Technologov__: ^^^ Here is the math.

18:45:08 Technologov__: (only if they use someone else's money, like in Spain... those PIGS - pirtugal, italy, greece, spain)

18:45:18 Cylta: BTCOxygen: for such amount you should take 30d avg...

18:46:33 BTCOxygen: Also IIRC he converted bitcoins to USD as soon as he recieved them.

18:46:41 BTCOxygen: So hes not that rich.

18:47:02 Technologov__: converting 100,000 BTC takes time...

18:47:21 assbot: [MPEX] [S.DICE] 1791 @ 0.00278789 = 4.9931 BTC [-]

18:47:34 BTCOxygen: Technologov__: He recieved in small chunks with a total of 100,000 before he ran away.

18:47:39 mircea_popescu: not if you're in the wot. took him all of a day oir w./e

18:48:21 jcpham: http://www.wired.com/wiredenterprise/2013/04/butterfly/

18:48:41 jcpham: 2 more weeks!

18:48:43 jcpham: Meanwhile, Butterfly Labs is nowhere near full production capacity. The company says that its systems will continue to trickle out, with another 75 to 150 shipping in the next few weeks.

18:48:43 jcpham: In the meantime, if you have an questions about the Butterfly Labs machine, send us an email.

18:48:47 mircea_popescu: ahaha noway

18:49:10 Cylta: jcpham: i think I heared it somewhere already...

18:49:26 jcpham: wired says fuck you

18:49:30 jcpham: if you think it's fake

18:49:36 Technologov__: BTCOxygen, and I have a fear about similar fate with Avalon ASICs

18:49:36 Technologov__: that's why I wanna wait until ppl will start receiving first batch units

18:49:36 Technologov__: + dev boards

18:49:36 Technologov__: I _do_ believe the ASICs are real

18:49:44 Technologov__: because of this: http://bitcoin.sipa.be/

18:49:54 mircea_popescu: so when it turens out to be actually fakwe

18:49:59 Technologov__: But I highly doubt, that they will ship any.

18:50:00 mircea_popescu: i guess we all sue wired. this is good news.

18:50:16 mircea_popescu: conde nast actually has money, so...

18:50:20 mircea_popescu: i'm tickled pink over here.

18:50:34 Cylta: first batch of avalon already reached their customers, no?

18:50:40 mircea_popescu: yea.

18:50:44 Technologov__: More probably they will keep to themselves. (so their accepted BTC might be a scam)

18:51:13 jcpham: these guys at BFL are masters of hype

18:51:20 jcpham: i give them credit where it is due

18:51:37 mircea_popescu: jcpham its literally not that hard to do. get a journo dood to post nonsense ? 100 bux or w/e

18:51:42 BTCOxygen: Technologov__: There are 300 working units.

18:51:59 jcpham: but i mean like the company name is unassuming and disarming even "butterfly"

18:52:01 jcpham: wtf

18:52:06 BTCOxygen: I know 5-6 people personally who recieved their Avalon.

18:52:08 jcpham: it's all smoke and mirrors

18:52:25 jcpham: but they have produced a product

18:52:34 Technologov__: no. Only 3 developers IMO.

18:52:34 Technologov__: 1st batch Avalons did *not* reach end-users (buyers).

18:52:34 Technologov__: jcpham, I doubt if Avalon are better

18:52:35 Technologov__: where? At their company ?

18:52:35 jcpham: so i digress for now until it collapses

18:52:35 Technologov__: Show me 20 users, whom actually _received_ any ASICs.

18:52:36 Technologov__: I could not find not on forums and not in chat

18:52:53 Technologov__: But this graph: http://bitcoin.sipa.be/

18:53:04 Technologov__: Clearly says that ASICs are for real.

18:53:07 jcpham: i know of 3 actual avalons

18:53:16 jcpham: and the owners and i've spoken with them

18:53:19 jcpham: that's it

18:53:27 jcpham: my world is small though

18:53:59 BTCOxygen: Technologov__: I mean I know end-users.

18:54:12 BTCOxygen: There are 5 Avalons mining at my pool tho.

18:54:44 Technologov__: but the risk-reward is potentially so high, that it is worth the (limited) risk.

18:54:51 BTCOxygen: I think even imsaguy has an Avalon.

18:54:53 Technologov__: hmm, good to know.

18:55:25 mircea_popescu: BTCOxygen which pool is that again ?

18:55:32 Technologov__: BTCOxygen :)

18:55:48 BTCOxygen: http://btcoxygen.com

18:56:00 mircea_popescu: http://blockchain.info/pools ?

18:56:31 mircea_popescu: you telling me 5 avalons doesn't get you in the list ?

18:56:39 BTCOxygen: yes.

18:56:53 mircea_popescu: what's an avalon, 60gh ?

18:56:58 jcpham: 300GH/s barely gets blocks

18:57:02 jcpham: need moar

18:57:02 BTCOxygen: Also they don't list blocks properly.

18:57:17 BTCOxygen: 500GH/s

18:57:33 jcpham: how is 500 GH/s regular blocks?

18:57:36 jcpham: daily?

18:57:46 mircea_popescu: mk, otherwise : Top Hashers 63gh/s

18:57:55 mircea_popescu: seems there's one avalon there, and it does 80% or so of the pool ?

18:58:10 BTCOxygen:

18:58:15 BTCOxygen: check*

18:58:21 jcpham: 100-400GH/s was struggling to keep up a few months back

18:58:26 jcpham: from talking with pool ops

18:58:35 jcpham: be interesting to see how it paces now

18:59:18 Technologov__: Now, the hash rate:

18:59:18 Technologov__: <-- Cylta has quit (Ping timeout: 272 seconds)

18:59:21 Technologov__: http://blockchain.info/charts/hash-rate

18:59:49 Technologov__: If this graph would be flat, I would buy a GPU, and not believe into ASIC lore.

19:00:07 Technologov__: But due to huge spike, I believe, that ASICs actually exist.

19:00:22 BTCOxygen: mircea_popescu: I see 3 Avalons.

19:00:35 mircea_popescu: where ?

19:00:52 BTCOxygen: 2 users pointing 1/3 Avalon.

19:00:59 MJR_: otc is too stressful

19:01:25 KRS-1: must be BFL

19:01:37 error4733: testing for 4 month

19:01:37 KRS-1: my friend has some of their fpga stuff

19:01:42 mircea_popescu: #1 1510 62186

19:01:42 mircea_popescu: #2 1160 14981

19:01:42 mircea_popescu: #3 1210 14272

19:01:46 KRS-1: nice hardware

19:01:52 mircea_popescu: seems to me only 1st can be an avalon. right ?

19:01:59 BTCOxygen: imsaguy: you here?

19:02:08 jcpham: he has one BTCOxygen

19:02:17 BTCOxygen: mircea_popescu: 1st is full Avalon.

19:02:35 BTCOxygen: The other 2 are 1/3 Avalon.

19:02:41 jcpham: imsogay owns an avalon

19:03:06 Technologov__: 1/3 avalon ? hmm... 20 GH/s ?

19:03:07 BTCOxygen: Also there a many users posting about their Avalon on bitcointalk.

19:03:09 Technologov__: hmm...

19:03:21 mircea_popescu: 1/3 avalon ?!

19:03:22 imsaguy: wut

19:03:23 mircea_popescu: who dioes this lol

19:03:38 BTCOxygen: Its a cgminer feature.

19:03:52 imsaguy: load balancing of cgminer

19:04:01 BTCOxygen: imsaguy: Yeah.

19:04:14 imsaguy: why did you highlight me?

19:05:00 mircea_popescu: he would like to have your babies.

19:05:00 BTCOxygen: imsaguy: How many Avalon users do you know?

19:05:16 assbot: [BTCTC] [ASICMINER-PT] 4 @ 1.2 = 4.8 BTC [+]

19:07:20 imsaguy: mircea_popescu: that is quite impossible

19:07:30 imsaguy: BTCOxygen: a few.

19:07:53 jurov: you have been accues of having onw yourself

19:07:57 jurov: *accused

19:08:39 ezdiy: owning an asic is accusation now

19:08:39 ezdiy: hmm

19:08:54 jcpham: my bad

19:09:07 jcpham: i tell lies on the internet for fun

19:09:11 jcpham: no one owns asic

19:09:29 Technologov__: some ppl do. proof ?

19:09:42 jcpham: facedesk.

19:09:49 Technologov__: jcpham, http://blockchain.info/charts/hash-rate

19:09:57 jcpham: that's just a chart

19:10:03 jcpham: those numbers could be made up

19:10:06 BTCOxygen: Anyone who clains that there are no Avalons in the wild should read this whole thread.

19:10:06 BTCOxygen: https://bitcointalk.org/index.php?topic=137534.0

19:10:12 ezdiy: jurov: i think the rational explanation would be: give impression you want to get asics "out there so people dont lose trust" but in fact keep it private for as long as possible :)

19:10:17 Technologov__: going from 20 to 80 GH/s (in a MONTH !!!) can not be done via GPU.

19:10:29 BTCOxygen: Technologov__: yes.

19:10:30 jcpham: cpu mining botnet probably Technologov__

19:10:36 BTCOxygen: lol

19:10:41 jcpham: ;)

19:10:46 Technologov__: jcpham, LOL ! How u tried mining on CPU ?

19:10:58 BTCOxygen: Technologov__: rpcminr :P

19:10:59 jcpham: nah pool won't accept a share for shit

19:11:03 Technologov__: it is 100 times slower than GPU and 100,000 times slower than ASIC

19:11:03 jcpham: hurrrrrr

19:11:12 mircea_popescu: the conspiracy is strong in here.

19:11:30 Technologov__: CPU mining will cost you x100 more in electricity than Bitcoins you produce...

19:11:53 BTCOxygen: Technologov__: +100 for having that knowledge.

19:11:55 jcpham: i bet it's confusing talking to me.

19:12:00 jcpham: i believe asic exists. yes.

19:12:27 jurov: but really, i see it like either many asic users want to stay secret, or they are chinese not on btctalk

19:12:29 ezdiy: seeing is believing

19:12:38 jurov: or manufacturers mine themselves instead

19:12:52 jcpham: yeah the technology has made it like this

19:12:52 Technologov__: I would invest in ASIC company yes, but I dunno any.

19:13:04 jcpham: a device that makes thousands of bucks a day potentially is a security risk

19:13:06 ezdiy: jurov: even chinese guys reported selective vip treatment in regards to shipments from avalon

19:13:10 Technologov__: if BTCOxygen can find any, I might invest (@_@)

19:14:16 jcpham: http://mobile.news.com.au/national-news/killer-escaped-prison-after-being-issued-picture-of-master-key-to-all-locks

19:14:52 ezdiy: 404

19:14:57 ezdiy: but title sounds interesting

19:15:02 jcpham: damnit

19:15:18 jcpham: http://mobile.news.com.au/national-news/killer-escaped-prison-after-being-issued-picture-of-master-key-to-all-locks/story-fncynjr2-1226629878591

19:15:24 jcpham: i cut off the numbers

19:15:41 error4733: saw that before !! some ppl make key with picture on flicker !!

19:15:54 jcpham: pretty dumb for a prison

19:16:22 ezdiy: maybe it was recruitment practice of mossad

19:16:25 jcpham: not sure a single master key falls under byzantine failover

19:16:38 ezdiy: you know, sieve through thousands of retarded criminals to find one smart enough

19:17:13 jcpham: perfect storm, a jeweler, a criminal, and a book

19:19:01 BTCOxygen: Technologov__: Oh I found a very interesting thread for you.

19:19:02 BTCOxygen: https://bitcointalk.org/index.php?topic=141154.0

19:19:06 error4733: oz story lol

19:20:19 truffles: oz is goat prison show

19:20:38 BTCOxygen: Here one user posted pictures of his Avalon.

19:20:39 BTCOxygen: https://bitcointalk.org/index.php?topic=141154.msg1699573#msg1699573

19:21:17 BTCOxygen: Anyone who is not sure if Avalon will ship should read this thread from page 1 to 11.

19:21:19 BTCOxygen: https://bitcointalk.org/index.php?topic=141154.0

19:21:25 truffles: "This bird has flown" such a boss

19:21:59 Technologov__:

19:22:12 truffles: knew theyd ship em, not rich enough to buy em

19:22:47 Technologov__: truffles, u can invest in Avalon here: https://bitcointalk.org/index.php?topic=184305.0

19:24:12 truffles: dont have any bitcoins

19:24:30 Technologov__: I did not had either until a week ago ^^

19:24:39 Technologov__: I bought them via Western Union.

19:24:46 Technologov__: at #bitcoin-otc

19:25:10 Technologov__: because my $3000 Rig PC generates only 0.001 BTC per day.

19:25:20 Technologov__: (on dual GPUs)

19:25:48 benkay: just two?

19:25:52 benkay: ;)

19:26:00 Technologov__: yeah, only 2.

19:26:07 truffles: those avalons remind me of this http://www.recipeapart.com/wp-content/uploads/2007/07/550x420xEniac-1.jpg.pagespeed.ic.BnzZ_VJDGR.jpg

19:26:49 Technologov__: and what ? I worked at Cisco Systems. There are *much* more cables there. I assure you.

19:27:35 Technologov__: any large company has a data-center those days.

19:27:44 truffles: knew ppl who just gushed over cisco systems..

19:27:53 benkay: ew gross owning your own data centers

19:28:02 benkay: great way to keep your sysadmin costs high

19:28:26 benkay: <-- cloud ops

19:28:59 truffles: say no to skynet?

19:29:27 benkay: meh

19:29:31 benkay: depends on how we code it

19:29:42 benkay: if we write it to minimize entropy, that would be cool

19:32:02 jcpham: You rated user diatonic on Mon Mar 11 14:26:46 2013, giving him a rating of 1, and supplied these additional notes: Attempted and pre-paid for 24 hour mining lease. Unforseeable circumstances changed our plans..

19:32:06 jcpham: wtf

19:32:20 jcpham: my paste is just doing it's own thing today

19:33:01 truffles: copy paste fail?

19:33:08 Scrat: ;;slap jcpham

19:33:10 gribble:

19:33:13 jcpham: mmmmhmmmm'

19:33:57 Technologov__: truffles, what I'm trying to say, is that you can invest even without having Bitcoins. Just must buy them.

19:34:25 Technologov__: And as any start-up investments, it brings you a certain amount of risk-reward.

19:34:52 truffles: if i were a rich person id have no problems investing ofc, alas im not

19:35:19 Technologov__: come on... it is all about mind-set. Don't needs to be rich ^^

19:35:43 truffles: isnt that why i would invest though

19:35:51 truffles: pile up my stacks

19:36:04 Technologov__: with what ?

19:36:09 truffles: stacks

19:36:18 Technologov__: That investment is a new company.

19:36:20 mircea_popescu: ;;ticker

19:36:20 gribble: BTCUSD ticker | Best bid: 137.02000, Best ask: 137.21000, Bid-ask spread: 0.19000, Last trade: 137.02000, 24 hour volume: 255394.07450224, 24 hour low: 120.08900, 24 hour high: 157.00000, 24 hour vwap: 135.59396

19:36:28 Technologov__: that will purchase and run Avalons for you

19:36:32 Technologov__: and send you proceeds

19:37:02 truffles: im not a potential investor sorry

19:37:10 Technologov__: so you don't need to waste time/lectricity/head-ache, customs bureaucracy and so forth

19:37:11 truffles: im here to discuss anything else if u wish

19:37:28 Technologov__: OK

19:37:47 truffles: even local dominatrix's if u wish

19:37:53 Technologov__: But isn't bitcoin-assets all about investing ?

19:38:01 truffles: not rly

19:38:07 mircea_popescu: investing != throwing money.

19:38:07 truffles: bunch of penis waving

19:38:17 Technologov__: about what ?

19:38:38 Technologov__: mircea_popescu, no one is throwing money. Just taking risks.

19:38:49 Technologov__: which is not the same

19:38:53 Cylta: mircea_popescu: is it illigal to buy\sell mpex accounts?

19:38:58 mircea_popescu: Cylta nope.

19:39:13 mircea_popescu: dubious from a security pov maybe

19:40:16 jcpham: i love it when doms throw money at me

19:40:18 Technologov__: I can take risk, but I like to be paid for it.

19:40:36 Guest00001: mp no way to change pgp key ?

19:40:43 Guest00001: if asked ?

19:42:05 truffles: i love it when doms throw money at me >>> go on

19:42:05 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.18 BTC [-]

19:42:15 jcpham: freak

19:42:22 truffles: haha

19:42:50 mircea_popescu: well you can register a new one and push to it.

19:44:09 error4733: just 30 btc

19:44:13 error4733: :)

19:44:50 truffles: whats the fee supposed to cover cost wise?

19:45:57 truffles: 30 seems extreme

19:48:44 benkay: truffles, how much does a seat on the NYSE cost?

19:49:02 benkay: and truffles, how is that related to their operating costs?

19:49:16 benkay: rhetorical questions. too much for you to afford, and it's not.

19:49:23 truffles: lol

19:49:40 truffles: i guess one must pay for a seat ..

19:50:03 truffles: seeing that this is bitcoin i thought things would be a bit different

19:50:24 benkay: they are different

19:50:29 benkay: you encrypt orders with gpg

19:50:38 benkay: print them out

19:50:44 benkay: fly them to romania on a carrier pigeon

19:51:29 asciilifeform: benkay: may as well ask how the cost of a NYC taxi medallion relates to the cost of the bureaucrat's pen that signs the paperwork.

19:52:46 mircea_popescu: fucking unfair comparison of the century. i hate taxi medallions.

19:52:58 benkay: except that the bureaucrat doesn't own the medallion organization, the mob does

19:53:09 ezdiy: truffles: vipcoin is confusing, but otherwise legit

19:53:12 benkay: but i think we're making the same points.

19:53:25 ezdiy: truffles: here is exact process how 30 bitcoins are turned into vipcoin: https://www.youtube.com/watch?v=IQBOw88ksXA

19:53:31 mircea_popescu: what's vipcoin even ?!

19:53:38 benkay: and yet vipcoin doesn't break top page google

19:54:01 truffles: sounded like a legit altcoin

19:54:03 Technologov__: BTCOxygen, ping

19:54:50 truffles: hope this song is good

19:54:58 asciilifeform: IMHO taxi medallions are a fair comparison. They, just as the MPEx fee, exist to keep the riffraff out.

19:55:24 ezdiy: truffles: seek 1:40 for teenage girl

19:55:44 truffles: assuming i like girls

19:55:50 asciilifeform: Were it not for medallions, NYC would probably look like Shanghai (rickshaws, etc.) I'm fine with that, but the rulers of the place evidently aren't

19:55:53 ezdiy: teenage is the important part

19:56:30 mircea_popescu: asciilifeform you're neglecting the entire geographical monopoly angle.

19:56:47 asciilifeform: MP has said, in essence, that he doesn't want MPEx to become a Shanghai crawling with the equivalent of rickshaws.

19:56:52 asciilifeform: If I understand correctly

19:57:09 truffles: exclusive club

19:57:15 ezdiy: yet payola is the realm of criminal forums

19:57:17 ezdiy: so which is it?

19:57:17 ezdiy: :)

19:57:55 mircea_popescu: asciilifeform i don't have a problem with rickshaws per se.

19:58:07 mircea_popescu: there's historically been small corps listed, it's not that.

19:58:48 truffles: i enjoyed it

19:59:04 ezdiy: well

19:59:06 asciilifeform: mircea_popescu: we were talking about the 30 BTC user account fee, right? rather than listings

19:59:09 ezdiy: thats what vip is about

19:59:19 ezdiy: teenage girls, database management and company lunches

19:59:40 truffles: i just want the lunches

19:59:53 mircea_popescu: asciilifeform there's easy access for someone even with 0.1 btc. there's pts, there's brokers.

20:00:02 assbot: [HAVELOCK] [VTX] 12 @ 0.4248 = 5.0976 BTC [+]

20:00:08 ezdiy: truffles: no soup for you

20:00:29 ezdiy: i think mircea_popescu plays the soupnazi part well

20:00:57 benkay: no no no, the role of taxi medallions is to reduce the number of taxis on the street

20:01:00 asciilifeform: mircea_popescu: that's like saying that "eTrade" with its $x/trade fees is a perfectly good alternative to a seat on the NYSE

20:01:22 mircea_popescu: well... would you say seat on nyse = london cab medallion ?

20:01:27 mircea_popescu: ezdiy ty

20:01:33 truffles: truffles: no soup for you >> soup nazi!

20:01:40 asciilifeform: mircea_popescu: sure

20:01:41 benkay: mircea_popescu would be only too happy to have more traders on his exchange, he just doesn't want to deal with the riffraff. he wants others to aggregate riffraff orders and place them on MPEx.

20:02:12 benkay: at least I think that's what he wants. open to correction on that count.

20:02:14 mircea_popescu: asciilifeform well then everything's everything and wtf.

20:02:31 mircea_popescu: benkay there was some pretty good discussion with pgp on this, lemme d ig

20:02:45 benkay: thanks mircea_popescu, feel free to pm it over

20:02:52 truffles: wants more money and people to agree with whatever he says

20:02:55 asciilifeform: benkay: riffraff interested in automated trading are more or less written out of the script. MP runs his own house how he likes, I'm fine with that. But why not call things by their real names.

20:03:37 benkay: asciilifeform what's the real name, then? medallions are a competition inhibitor, the exchange seat fee is just an "are you serious" check

20:03:41 benkay: it's not even that much money

20:03:56 ezdiy: asciilifeform: real names are bad for pr

20:04:38 truffles: its working

20:04:47 orkaa: http://i.imgur.com/Haw7Qy4.jpg

20:04:48 orkaa: haha

20:05:11 mircea_popescu: lmao

20:05:12 asciilifeform: benkay: the bureaucrats (in practice) own NYC, and charge whatever the hell they want for taxi licenses. a bar can charge for entrance. nothing wrong with that. what I'm unclear on is why the MP fee is a different kind of animal.

20:05:21 truffles: omg what is that orkaa!!!

20:05:24 ezdiy: orkaa: +1 for underage, -1 not naked

20:05:48 ezdiy: asciilifeform: thats how it works

20:05:54 orkaa: i saw this on tv some time ago, it's real :)

20:05:55 ezdiy: asciilifeform: in general its called vendor lock-in

20:06:25 truffles: orkaa add metzitzah b'peh and its complete

20:06:28 mircea_popescu: asciilifeform is there a way i can run a cab in london just for a day ?

20:06:52 asciilifeform: mircea_popescu: I imagine you could buy a medallion and sell it the next day, if you wanted to

20:07:01 asciilifeform: just like an MPEx account

20:08:03 mircea_popescu: can you actually sell those ?

20:08:13 benkay: probably

20:08:13 mircea_popescu: maybe the disagreement is borne out of me not understanding taxi medallions too well.

20:08:17 asciilifeform: mircea_popescu: IDK about London, but in most places you can

20:08:27 mircea_popescu: afaik it's just this nonsense to keep people who would like to work off

20:08:31 mircea_popescu: sorta like a union

20:08:40 asciilifeform: mircea_popescu: If I recall, most NYC drivers take out monstrous loans to buy medallions.

20:08:50 benkay: most don't even buy the medallions

20:08:54 benkay: others do

20:08:58 benkay: ibankers and whatnot

20:09:02 mircea_popescu: meh.

20:09:08 ezdiy: why people who dont understand basic market forces (if you have little competition, it makes sense to introduce artificial scarcity) want to trade on mpex?

20:09:27 mircea_popescu: ezdiy that absolutely isn't the rationale.

20:09:42 truffles: back him into a corner here

20:09:45 ezdiy: mircea_popescu: occam is cutting his veins though :)

20:09:58 mircea_popescu: i know.

20:09:58 ezdiy: mircea_popescu: i'm not dismissing it, whatever the reason its totally legit

20:10:06 mircea_popescu: the problem with cheapo/clueless investors is that they follow trends

20:10:16 mircea_popescu: this induces huge volatility which then wrecks assets.

20:10:19 asciilifeform: ezdiy: I'm not clamouring to buy an MPEx account for a penny, just objecting to the notion that the fee is somehow different from taxi medallions

20:10:27 mircea_popescu: i still think it is.

20:10:42 benkay: I agree.

20:10:46 benkay: not all customers are good customers.

20:11:08 benkay: and when money is involved as a core part of the business, many of your customers will in fact be bad customers without quality control.

20:11:09 ezdiy: mircea_popescu: you do that at the cost of huge spreads though

20:11:22 ezdiy: as long people are content with those, well why not

20:11:30 ezdiy: your idea of rate limiting the market holds water

20:11:57 mircea_popescu: well the problem with the "as long as people are content" argument

20:12:04 mircea_popescu: is that it's how we ended up with shit on tv.

20:12:20 asciilifeform: mircea_popescu: How would you personally explain the apparent lack of competition to MPEx? Is it simply the fact that no one else has the "reputation capital" ?

20:12:23 mircea_popescu: people have this incredible ability to "be content" with anything. frog in boiling water experiment if you know it.

20:12:36 ezdiy: mircea_popescu: yup

20:12:39 ezdiy: boil em slow :)

20:12:39 truffles: reputation hhaha

20:12:50 mircea_popescu: asciilifeform it's a complicated web. no one has the competence, or the capital, or the reputation, or the connections, etc etc

20:12:55 mircea_popescu: they just feed into each other.

20:13:18 asciilifeform: truffles: I meant the banal fact that MPEx works as it says on the box, and none of the vaguely similar services proved to do the same

20:13:25 jborkl: Mp, has a stellar reputation. Unless you beleive asshole trolls and other people that are poor

20:13:55 mircea_popescu: i think people grossly misrepresent what all is involved.

20:14:54 ezdiy: clouds can be cleared up only if youre open about it

20:15:04 ezdiy: heck even bitcoinica eventually became opensource :)

20:15:08 mircea_popescu: lmao

20:15:39 ezdiy: so people are ok w/ bitfinex because its obvious what theyre dealing with

20:16:43 ezdiy: black boxes give room to a lot of speculation

20:16:46 asciilifeform: Ok, let's see if I understand: the 30 BTC is for keeping MPEx a market full of people who measure 1000 times "before cutting once." No trendoids, etc. Now let's say Warren Buffet (or somesuch) opens WBEx, charging 1 BTC.

20:16:50 ezdiy: as well as affiliate marketing schemes for vipcoin

20:16:53 asciilifeform: it fills up with trendoids

20:17:12 mircea_popescu: asciilifeform problem with your let's suppose is that it's nonsensical.

20:17:17 mircea_popescu: last thing he'd do is that.

20:17:28 mircea_popescu: he'd open a 1000 btc one first, he'd partner with me 2nd.

20:17:37 asciilifeform: ok, someone else with a bag full of BTC and a resonably good meatspace reputation, then.

20:17:56 mircea_popescu: but do you understand your own example ?

20:18:13 mircea_popescu: buffy is famous for having told his bh specialist

20:18:23 mircea_popescu: "if the next trade happens a year or so from now i'll be very happy"

20:19:03 assbot: [HAVELOCK] [HIM] 2 @ 1.7051 = 3.4102 BTC [-]

20:19:07 asciilifeform: what I'm rather hazy on is how well MPEx would hold up against a "good enough" clone that meets the basic criterion of "not being an outright scam" (AFAIK none of the MPEx competitors have met this standard)

20:19:25 ezdiy: it holds pretty well

20:19:35 truffles: make em sweat

20:20:11 mircea_popescu: asciilifeform im not sure what the incentive is exactly. you'd finance a clone rather than buy shares because ... ?

20:20:13 jborkl: Wait, I trust MP - so who is this you are proposing? Just some random asshole with a website?

20:20:21 mircea_popescu: s.dice competition never materialised EXACTLY because s.dice listed.

20:20:27 mircea_popescu: once that happened it's impossible to finance a clone anymore.

20:20:49 truffles: impossible nice word

20:20:53 asciilifeform: jborkl: no, not a random arse, someone with a good reputation, hypothetically

20:20:58 ezdiy: people really underestimate network effects

20:20:58 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.2 = 2.4 BTC [+]

20:21:09 jborkl: there is no one with enough sense and enough money currently

20:21:18 ezdiy: sdice, mtgox and mpex are examples of such

20:21:21 jborkl: strike one and two

20:21:42 mircea_popescu: so srsly asciilifeform, let's say your reputation is enoug, and you have 10k btc to burn.

20:21:50 mircea_popescu: you decide it has to burn in this space.

20:21:50 asciilifeform: jborkl: true, just as there is no semiconductor plant owner with the good sense to drop some of his pocket change on building a million ASIC miners and running them in his own mansion.

20:21:52 ezdiy: jborkl: competition eventually overcomes the network effect resistance

20:21:56 ezdiy: jborkl: inb4 bitvegas ipo

20:21:59 mircea_popescu: a. you buy s.mpoe shares b. you try and make a competitor.

20:22:01 mircea_popescu: which is your pick ?

20:22:55 asciilifeform: mircea_popescu: By this logic Pepsi ought not to exist, they should just re-sell Coke?

20:23:04 mircea_popescu: they do.

20:23:10 ezdiy: they do? :)

20:23:14 jborkl: a shitty clone of it

20:23:19 kakobrekla: https://bitcointalk.org/index.php?topic=188177.0

20:23:42 ezdiy: mircea_popescu: how do i buy cola in kfc :)

20:24:24 ezdiy: what if bitvegas started kfc

20:24:29 ezdiy: and bundled their cola with it?

20:24:42 ezdiy: would it make sense to invest in mpex then?

20:24:54 mircea_popescu: im unsure wtf bitvegas is.

20:25:14 mircea_popescu: o the team fortress thing ?

20:25:20 ezdiy: mircea_popescu: :)

20:25:34 ezdiy: its easy to measure growth

20:25:38 ezdiy: where it is stalled and where it is not

20:25:42 jborkl: anyway, what time exactly do options expire MP? in UTC?

20:25:54 asciilifeform: mircea_popescu: there could be logical reasons for starting one's own "MPEx, with blackjack and hookers." Say I want to use evil altchains. And, AFAIK MPEx shares are non-voting, so it isn't that I could buy enough of them to make MP do this deed.

20:26:06 mircea_popescu: asciilifeform now you're talking angles.

20:26:12 mircea_popescu: originally discussion was straight clone.

20:26:33 mircea_popescu: if you mean start a competitor with an angle, it all boils down to whether the angle a. actually helps you and b. is good enouigh to push you

20:26:49 ezdiy: mircea_popescu: copycats work perfectly good

20:26:55 ezdiy: be the underdog and wait for the uber dogs demise

20:27:01 ezdiy: lets see ... gblse?

20:27:02 ezdiy: :)

20:27:06 truffles: thats impossible

20:27:09 asciilifeform: mircea_popescu: ok, let's stick to clones. Picture Bill Gates, a hypothetical BGEx with a 5 BTC fee.

20:27:23 mircea_popescu: ezdiy again people underestimate what goes on in the background.

20:27:24 ezdiy: truffles: not by market forces, but by something stupid

20:27:40 mircea_popescu: asciilifeform and he's doing this on pgp ?

20:27:53 assbot: [MPEX] [S.MPOE] 7513 @ 0.00070108 = 5.2672 BTC [+]

20:27:54 truffles: was being silly :)

20:27:59 asciilifeform: mircea_popescu: sure, I agree, this is a stretch of the imagination. but let's imagine.

20:28:11 asciilifeform: mircea_popescu: yes, pgp.

20:28:33 mircea_popescu: ok this i wish to see.

20:28:36 asciilifeform: mircea_popescu: AFAIK you don't have a monopoly on PGP

20:28:45 ezdiy: asciilifeform: you're wasting your time, btw

20:28:47 mircea_popescu: so bill gates is making a mpex clone complete with pgp and everything.

20:29:01 mircea_popescu: +1000 points for me for being so cool. will any of the big people switch to him ? maybe so. maybe not.

20:29:12 mircea_popescu: i can probably exit to jpm for a billion at that point anyway.

20:29:20 ezdiy: mp stands, but might possibly fall, because mircea_popescu is uber consistent in everything

20:29:34 ezdiy: which also means you cant convince him by make believe arguments

20:29:37 mircea_popescu: at which poin tyhe deal becomes jpmpex vs bgex

20:29:41 mircea_popescu: and i gues jpmpex wins

20:29:47 mircea_popescu: i won't be there to see it likely, but anyway.

20:30:01 ezdiy: asciilifeform: the general term is jerk irl :)

20:30:15 truffles: i think he'll last a while, he has minions

20:30:21 ezdiy: yep

20:30:25 ezdiy: the bitch army is impressive

20:30:25 ezdiy: :)

20:30:28 asciilifeform: ezdiy: I think you misunderstand. I'm not trying to convince MP of anything in particular. Just playing out a thought experiment: what would happen if MPEx actually had competition.

20:30:31 ezdiy: jurov: ohai!

20:30:35 truffles: yep im impressed

20:31:25 ezdiy: truffles: rpietila took it from the other end

20:31:33 ezdiy: mp first build something tangible, then the bitch army

20:31:47 asciilifeform: kakobrekla: what on earth is a Bitcoin Supernode?

20:31:54 kakobrekla: yes!

20:31:55 ezdiy: rpietila is apparently starting with the bitch army and maybe turn out to be not elaborate troll and come up with something

20:32:07 mircea_popescu: ezdiy it's kinda funny to compare "pic of mp with people" vs "pic of foreveralone btctalk dud"

20:32:15 truffles: do u know he put mircea_popescu on ignore right after we were going to "debate" something he posted our comments on his blog then i refused to subscribe, right around the time he paid people to troll SomthingAwful forums

20:32:18 ezdiy: mircea_popescu: indeed :)

20:32:27 truffles: he =mp

20:32:27 kakobrekla: rpietila had too much cocaine

20:34:11 ezdiy: so much shame goat burned the cover

20:34:24 ezdiy: that thread was so full of gold

20:34:35 mircea_popescu: totally.

20:34:39 truffles: link?

20:34:50 mircea_popescu: goat gets confused in troll gold threads.

20:35:30 kakobrekla: https://bitcointalk.org/index.php?topic=174620.0;all

20:36:05 truffles: thanks kakobrekla

20:36:07 ezdiy: still

20:36:11 ezdiy: interesting phenomena

20:36:18 ezdiy: bitch armies, whiteknighting and all

20:36:25 ezdiy: because those are irrelevant

20:36:32 kakobrekla: i quote

20:36:33 kakobrekla: Think of this as a book, or at least as a quality blog, to be enjoyed with quality wine and cigars in candle light.

20:36:34 ezdiy: important is only network effect

20:36:42 kakobrekla: comedy central in that setting?

20:36:59 ezdiy: take mtgox, fe, everyone agrees their stuff is sub-par

20:37:08 ezdiy: no bitch army, everybody hates magicaltux's guts

20:37:13 ezdiy: yet its the biggest

20:37:44 mircea_popescu: kakobrekla lol candlelight and screen. sounds legit

20:37:56 ezdiy: kakobrekla: yup, thats how i understood it

20:38:10 ezdiy: i mean, the guy clearly stated to be not taken seriously

20:38:11 ezdiy: so hey

20:38:22 ezdiy: and then gives free advice of mid-range silver vendor

20:38:28 ezdiy: i'm ok with that

20:39:01 kakobrekla: oooo

20:39:02 kakobrekla: http://static.iltalehti.fi/uutiset/13549021_uu.jpg

20:39:04 kakobrekla: this delivers

20:39:20 jcpham: silver stackin

20:39:25 kakobrekla: imma gona print a shitload of qr codes

20:39:28 mircea_popescu: lmao

20:39:34 kakobrekla: stick it allover me

20:39:53 jcpham: i'll take pics of your qr codes and baby giraffe

20:40:02 assbot: [HAVELOCK] [VTX] 2 @ 0.4781 = 0.9562 BTC [+]

20:40:08 jcpham: oppulence

20:41:18 truffles: important is only network effect >> i dunno hypocrisy is annoying

20:41:34 ezdiy: truffles: what do you mean?

20:42:01 truffles: one set of behavior is okay for some people and diff rules apply for others

20:42:33 ezdiy:

20:42:35 ezdiy: no, still nothing

20:43:12 ezdiy: truffles: world is full of hypocrisy

20:44:47 truffles: to be feigned a bit in "polite society" id hope :)

20:45:18 ezdiy: well, there is that thing

20:47:09 truffles: i have no quality wine and cigars in candle light maybe i should stop reading

20:47:27 ColdHardMetal: https://docs.google.com/spreadsheet/ccc?key=0ApraDvGtZTsbdGxTZGxreXhHUTRCM0pmakNpU3NkQmc#gid=0

20:47:38 ezdiy: truffles: being a bitch means you strongly defend your cult figure while youre subject ot heir will

20:48:03 mircea_popescu: i thought it just meant being annoying.

20:48:05 ezdiy: truffles: being polite just means not giving a crap about things you cant change

20:48:08 ezdiy: for example, opionons

20:48:16 truffles: hehe

20:48:18 ezdiy: mircea_popescu: from the pov of dictator, it is :)

20:48:22 truffles: i like to hear them though

20:48:38 mircea_popescu: lolwut

20:48:56 ezdiy: subjects are always annyoing

20:48:58 ezdiy: you know

20:48:58 truffles: i think those ppl have tunnel vision, they wont get it

20:49:04 ezdiy: they have their stupid feelings and such

20:49:12 mircea_popescu: i dunno what dictators you've been hanging out with...

20:49:34 truffles: although mp certainly wont if he's got me on ignore hehe

20:49:49 ezdiy: cognitive dissonance is to be cherished

20:49:53 ezdiy: to manipulate

20:49:58 ezdiy: but its uber annoying at the same time

20:50:51 ezdiy: truffles: i think mp is strongwilled enough to just feign ignore

20:51:01 ezdiy: curiosity and strong will results just not responding :)

20:51:05 truffles: i doubt that

20:51:34 truffles: im just annoyed we couldnt "debate" before the ignore ...

20:52:57 ezdiy: truffles: better come up with some plot

20:53:02 ezdiy: to ignite the nuclear war again

20:53:08 truffles: haha

20:53:11 ezdiy: between soupnazi and kim jong un of finland

20:53:37 truffles: im focused on other times so its not a big deal

20:54:02 mircea_popescu: this is making so little sense...

20:54:02 truffles: im not a schemer or scammer

20:54:15 saulimus: why finland?

20:54:26 mircea_popescu: http://polimedia.us/dtng/c/src/134491269729.jpg have some water buffalo.

20:54:27 ezdiy: its the new bitcoin supernode

20:56:04 ezdiy: mircea_popescu: i'm yuzhe, btw

20:56:06 kakobrekla: i wish reptil dude would come around

20:56:07 ezdiy: "some douche", pfft

20:56:11 ezdiy: tell her shes fugly

20:56:25 ezdiy: kakobrekla: the circle would be complete!

20:56:30 mircea_popescu: man... i have no idea what's going on.

20:56:34 truffles: wow

20:56:49 truffles: ezdiy ure an interesting dude

20:57:01 kakobrekla: mircea_popescu, truffles is speaking

20:57:01 truffles: bet they still dont get it

20:57:22 mircea_popescu: so who's yuhzer

20:57:54 mircea_popescu: so i

20:58:36 SlipperySlope: mircea_popescu, can you say when the April MOPE statement will be published?

20:58:40 ezdiy: mircea_popescu: https://www.youtube.com/watch?v=6aURG-o7O-I

20:58:43 ezdiy: this is yuzhe :)

20:58:49 mircea_popescu: SlipperySlope yes, in a few hours

20:59:06 SlipperySlope: many thanks!

20:59:07 mircea_popescu: usually within a little of the last friday of the month ending

21:02:03 assbot: [HAVELOCK] [KCIM] 1 @ 1.21 BTC [-]

21:02:13 assbot: [BTCTC] [PAJKA.BOND] 10 @ 0.1 = 1 BTC [+]

21:02:42 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.246999 BTC [+]

21:03:03 assbot: [HAVELOCK] [VTX] 13 @ 0.4649 = 6.0437 BTC [-]

21:04:11 assbot: [BTCTC] [PAJKA.BOND] 6 @ 0.101736 = 0.6104 BTC [+]

21:05:45 topace: incase anyone is curious, i solved the IP address leak from emails problem i was talking about yesterday

21:06:03 assbot: [HAVELOCK] [HIM] 1 @ 1.7899 BTC [+]

21:06:16 topace: the soluttion, is, essentially to run your own mailserver, on a separate ip (that will be revealed publicly) and have it strip the appropriate headers out of the messages as they fly thorugh

21:06:25 topace: i followed this post: http://www.stardothosting.com/blog/2010/07/remove-mail-headers-in-postfix-outgoing-mail/

21:06:28 topace: worked like a c harm

21:06:29 topace: charm

21:07:08 mircea_popescu: sounds like a winner.

21:08:31 MJR_: ugh, otc is just such a scam fest

21:08:57 mircea_popescu: kinda.

21:09:05 MJR_: its not worth the hassle

21:09:14 mircea_popescu: i've not been there since

21:09:19 mircea_popescu: o hey. since last april.

21:09:27 MJR_: birthday cake!

21:09:29 mircea_popescu: 1 yr

21:10:05 kakobrekla: hehe

21:10:35 kakobrekla:

21:14:09 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.246999 = 2.494 BTC [+]

21:16:39 jcpham: http://i.imgur.com/c5q3yfc.jpg

21:16:43 jcpham: LOOK AT MY JEFE

21:17:03 jcpham: he has the optional laser thermal vision

21:28:03 assbot: [HAVELOCK] [HIM] 2 @ 1.7051 = 3.4102 BTC [-]

21:33:47 kakobrekla: https://bitcointalk.org/index.php?topic=174620.msg1954004#msg1954004

21:33:49 kakobrekla: O_o

21:34:25 kakobrekla: all the fun happens on forums :(

21:36:26 MJR_: the coolest guys in Bitcoin Universe

21:37:25 jborkl: when we start talking about mB?

21:37:48 MJR_: i don't know

21:37:53 MJR_: so far he is the only one i've seen do that

21:37:59 kakobrekla: thats in the other room #bitcoin-massets

21:38:09 kakobrekla: or #mbitcoin-assets

21:38:13 kakobrekla: whatever is it.

21:38:15 jborkl: or w\e it is- MPEX membership 30 milliion billion

21:38:19 KRS-1: #bitcoin-anal

21:38:58 kakobrekla: im reading reptilas posts and numbers but i still cant figure out is he rich or poor?

21:39:19 KRS-1: EL JEFE

21:39:20 kakobrekla: numbers are big

21:39:25 kakobrekla: but the units are kinda small

21:39:31 kakobrekla: %confused%

21:39:36 jborkl: too confusing for me, I think he has 2.4 Bitcoins

21:39:38 jcpham: what is this thread

21:39:43 jcpham: i'm readin kakobrekla

21:39:49 kakobrekla: hehe

21:39:51 jcpham: i don't even

21:42:07 jcpham: HOLY SHIT that guys running a 1.5 Class Supernode!

21:42:51 jborkl: wtf does that even mean?

21:43:04 jcpham: it's pretty badass

21:43:12 jcpham: if you haven't been paying attention

21:43:17 jborkl: I know what a class 1A Supernova is

21:43:34 jcpham: i know you want to be better than him but you can't

21:43:38 jborkl: but not a class 1.5 supernode

21:44:02 jcpham: shrug

21:44:06 jborkl: so is a class 1.2 supernode better or a class 1.7?

21:44:22 kakobrekla: https://bitcointalk.org/index.php?topic=174620.msg1911371#msg1911371

21:45:05 ThickAsThieves: i'm not sure if that helps explain or makes it worse

21:45:06 kakobrekla: how did you not know this

21:45:13 kakobrekla: are you completley uneducated?

21:45:22 kakobrekla: its like.. basic stuff!

21:45:22 ThickAsThieves: my impression is the guy is a car salesman

21:45:30 jcpham: ahahaha

21:45:38 jcpham: this is so good

21:45:42 jcpham: where did you find this

21:45:48 ThickAsThieves: he says all kindsa fancy things to impress idiots

21:45:57 assbot: [MPEX] [S.MPOE] 9176 @ 0.00070108 = 6.4331 BTC [+]

21:45:58 assbot: [MPEX] [S.MPOE] 10775 @ 0.00070158 = 7.5595 BTC [+]

21:46:00 ThickAsThieves: in the hopes of selling them a lemon

21:46:00 assbot: [MPEX] [S.MPOE] 7149 @ 0.00070497 = 5.0398 BTC [+]

21:46:21 jborkl: That made it worse, made no sense

21:46:30 jborkl: lol

21:46:50 jcpham: and he donated to the forum

21:46:53 jcpham: !

21:47:11 jcpham: President etc. of Silvervault, Hopea.fi, EIH among others.

21:47:20 jcpham: seriously "among others" is vain

21:47:25 jcpham: i can pick apart a sentence

21:47:36 jcpham: i like this guy

21:48:12 jborkl: badge of scammer, donated to forum

21:48:40 MJR_: badge of scammer among others

21:49:09 jborkl: Seeing $115 ever again seems unlikely to me.

21:49:11 jcpham: could just be cultural differences

21:49:21 jborkl: his quote

21:49:28 lippoper: ;;bids 115

21:49:31 jborkl: it hit that yesterday

21:49:32 gribble: There are currently 33575.454 bitcoins demanded at or over 115.0 USD, worth 4106373.85398 USD in total. | Data vintage: 0.0059 seconds

21:49:33 jborkl: lol

21:49:42 jcpham: yeah we're one trade from $115 at all times

21:49:50 lippoper: if you sell $4 million worht, it'll come up

21:49:58 jcpham: one trade that sets off the rest of them

21:50:14 lippoper: ;;market sell 33575

21:50:14 jcpham: then gox gets ddosed

21:50:15 gribble: A market order to sell 33575 bitcoins right now would net 4106321.6274 USD and would take the last price down to 115.0000 USD, resulting in an average price of 122.3030 USD/BTC. | Data vintage: 42.8787 seconds

21:50:22 jcpham: then bitstamp closes

21:50:25 jborkl: lets see if I have this correct

21:50:28 jcpham: then bitinstant gets ddosd

21:50:32 jcpham: easy $115

21:50:38 lippoper: then another exchange shuts down

21:50:41 jcpham: that's more like $50

21:50:46 jborkl: sell a little at MTGOX, ddos MTGOX, then use the trollbox on btce

21:50:47 jcpham: but whatever

21:50:55 jborkl: $50 drop

21:51:00 jcpham: yeah 6 of us can make 115 happen

21:51:07 jcpham: if we put our heads together

21:51:13 lippoper: you mean coins together

21:51:18 jcpham: or that

21:51:33 jcpham: he doesn't understand yet

21:52:02 assbot: [HAVELOCK] [VTX] 6 @ 0.4549 = 2.7294 BTC [-]

21:52:58 jborkl: his class 1.5 superchoad does not rely on the network for price though..

21:53:30 kakobrekla: supertoad is disqualified.

21:53:46 kakobrekla: withdrawals depricated.

21:54:43 jborkl: better upgrade to aa class 1.4 superchoad just to be sure

22:03:03 assbot: [HAVELOCK] [VTX] 3 @ 0.4499 = 1.3497 BTC [-]

22:18:24 jurov: am back, had another interesting btc-related discussion irl with a forex trader... so hard to explain how things work there

22:18:34 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.247 = 2.494 BTC [+]

22:18:41 jurov: hi ezdiy

22:19:34 jurov: he was like "you should haste, large players will come and make mp do their bidding"

22:20:17 jurov: when i explained my problems with mpex interface, why the development is so slow

22:21:45 jurov: btw, expect options on coinbr to be frozen on opex for a while

22:21:57 ThickAsThieves: k

22:46:27 assbot: [MPEX] [S.MPOE] 2201 @ 0.00070497 = 1.5516 BTC [+]

22:53:28 assbot: [MPEX] [S.DICE] 7 @ 0.00299999 = 0.021 BTC [+]

22:55:14 mircea_popescu: my impression is the guy is a car salesman <<< lol that makes us 2

22:56:34 kakobrekla: aww jurov you should send him to me

22:57:39 jurov: i will. but he's also webdesigner, willing to help me

22:58:12 mircea_popescu: forex trader slash web designer ?

22:58:20 mod6: ok wtf: https://twitter.com/maxkeiser/status/327879387292770305

22:59:02 mircea_popescu: i got "sorry, this tweet is too retarded for you to read. twitter does not allow very retarded tweets be read."

22:59:05 mircea_popescu: should i worry ?

22:59:39 assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.246 = 2.492 BTC [-]

22:59:54 mod6: Price pegs never work -- why is that not clear to people, especially Max!?

22:59:58 Girlfawkesy: I love the reply to him though.

23:00:46 mircea_popescu: mod6 he's jealous that i pegged the bitcoin to the dollar at ~100

23:01:29 mod6: Heheheh.

23:01:41 mircea_popescu: apparently went out of his "omg 400 500 1546975867"

23:01:50 jurov: hes just trolling

23:02:00 mircea_popescu: course the retards that follow him can't remember 15 days ago so it's all good.

23:02:40 mod6: I liked him better when he only mentioned Bitcoin once in a while.. when he got all "bitcoin jesus" on everyone I'm like, you're not helping, you're just pushing people into something they don't understand yet.

23:03:17 mod6: And now, price pegs for bitcoin???! Eff no. Bitcoin is the last bastion of economic freedom in the world.

23:03:39 jurov: besides, it was already pegged to $5 some 9-10 months ago. but then pirate vanished.

23:03:58 jurov: dunno if fed can do a better job than pirate

23:03:58 mod6: there isn't any reason that there should be a price peg for such a thing. And besides what would be the point of options on bitcoins if the price was pegged?

23:04:24 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1927 BTC [-]

23:04:33 mod6: i dont see the $5 level as a peg, it certainly wasn't stated anywhere, it was just suppression, and undervalued

23:05:16 jurov: jkjk

23:05:20 kakobrekla: you know that scam movie 'the secret'

23:05:31 kakobrekla: let me tell you, its the other way around

23:05:36 mod6: haha, no. but, lol

23:05:52 mod6: smh

23:05:56 jurov: but it would be really fanny for bernanke to have to calm markets when gox lag happens

23:05:57 kakobrekla: when you want fiat there is none, but when you got too much they throw it in your face

23:07:41 jurov: btw, did oprah endorse btc already?

23:07:52 kakobrekla: no, that was dr. phil

23:08:01 ThickAsThieves: she's still waiting for blockchain sync

23:08:03 jurov: i heard she has serious whales in audience

23:08:09 kakobrekla: lol

23:09:06 assbot: [MPEX] [S.MPOE] 45199 @ 0.00070749 = 31.9778 BTC [+]

23:09:13 mircea_popescu: im holding out for roger and cunty lee

23:10:15 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.21 BTC [+]

23:11:09 Girlfawkesy: lol @ thick

23:11:16 mod6: anyway, just had to come in here and vent a bit about this stuff.

23:11:33 mircea_popescu: lol jurov

23:12:03 mircea_popescu: btw, if anyone doesn't know Girlfawkesy, she's an actual girl. send her all your btc.

23:12:23 ThickAsThieves: what does she pay in in divs?

23:12:28 mod6: I mean, if anything, why not just peg like 1 satoshi to a certain unit of gold? Then it would have a sudo-peg via gold, correct?

23:12:35 jurov: did she qualify in topless?

23:12:51 ThickAsThieves: the peg idea is so moronic I bet we couldnt have come up with it if we were trying to be morons

23:12:52 kakobrekla: im wondering why is there no MaxCoin yet

23:13:11 mircea_popescu: kakobrekla he hasn't figured out the fork yet.

23:13:15 mircea_popescu: still working on spoon

23:13:21 kakobrekla: lol

23:13:25 mod6: ThickAsThieves: ok thank you. I was feeling pretty stupified for a few minutes there.

23:13:34 Girlfawkesy: <~~~ actual vagina

23:13:35 mircea_popescu: ;;google pegging

23:13:35 mod6: lol still working on spoon

23:13:36 gribble: Pegging (sexual practice) - Wikipedia, the free encyclopedia: ; Pegging - Wikipedia, the free encyclopedia: ; If You Want a More Thoughtful Boyfriend, Try Pegging Him - Jezebel:

23:13:44 mircea_popescu: there. pegging. a sexual practice.

23:13:47 mircea_popescu: ginger up max's ass

23:14:04 Girlfawkesy: Actually, I was thinking about making a pegging set, but I dunno how thrilling that would be for you boys

23:14:07 jurov: mod6 satoshi's already practically pegged to some miliwatt or microwatt anyway

23:14:50 mod6: jurov: ahh, hmm.

23:14:55 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.2466 BTC [+]

23:15:05 ThickAsThieves: but elec cost is variable too

23:15:26 mod6: I like the idea of only supply/demand governing the price, btc needs natural price signals.

23:15:29 ThickAsThieves: maybe we can peg it to untapped vagina inches?

23:16:10 ThickAsThieves: or centimters if you prefer

23:16:10 jurov: stfu ThickAsThieves with your imperial units

23:16:16 ThickAsThieves: ^

23:16:18 ThickAsThieves: :)

23:16:25 assbot: [BTCTC] [GSDPT] 1 @ 0.00281 BTC [+]

23:16:26 GirlfawkesyBTC: Use black vaginas and not asian vaginas

23:16:28 GirlfawkesyBTC: they're deeper

23:16:42 jurov: mp already presciently did the calculations on fraudsters

23:17:00 jurov: he'll prolly announce derivatives any moment

23:17:03 GirlfawkesyBTC: And MP, you were right, I forgot how much better a proper irc client is than the stupid webchat.

23:17:10 mircea_popescu: you're welcum

23:17:13 ThickAsThieves: [17:16] Use black vaginas and not asian vaginas <--- no one likes colored coins tho

23:17:20 mircea_popescu: bwahaha

23:17:51 GirlfawkesyBTC: lol

23:18:10 kakobrekla: connection overload

23:18:22 mircea_popescu: pff selfowned

23:20:24 ThickAsThieves: i tell my rackspace cloud manager to fix permissions on one folder and i get a wall of text about FACLs :(

23:24:43 mod6: (14:01) < jurov> hes just trolling << i guess this could be true.

23:25:02 mod6: people are so clueless about finance though, that you'd think that he'd try to stay more serious about the subject.

23:25:19 mircea_popescu: ;;tcker

23:25:20 gribble: Error: "tcker" is not a valid command.

23:25:23 mircea_popescu: ;;ticker

23:25:25 gribble: BTCUSD ticker | Best bid: 136.30001, Best ask: 136.60000, Bid-ask spread: 0.29999, Last trade: 136.60000, 24 hour volume: 168982.74808586, 24 hour low: 121.45164, 24 hour high: 149.87970, 24 hour vwap: 134.31450

23:26:22 mod6: ;;bc,stats

23:26:26 gribble: Current Blocks: 233309 | Current Difficulty: 8974296.01488785 | Next Difficulty At Block: 233855 | Next Difficulty In: 546 blocks | Next Difficulty In About: 3 days, 2 hours, 52 minutes, and 48 seconds | Next Difficulty Estimate: 9981977.43545 | Estimated Percent Change: 11.22853

23:26:37 mod6: wow 11.22853

23:27:15 ThickAsThieves: ;;nethash

23:27:16 gribble: 76784.2992817

23:27:24 ThickAsThieves: not bad

23:28:56 ThickAsThieves: mp, will options be a lil less timid to volatility next session?

23:29:23 mircea_popescu: indeed.

23:29:29 ThickAsThieves: cool cool

23:29:34 mircea_popescu: actually pilot new model should be coming online soonish

23:30:59 kakobrekla: but now btc will be 137 foreva

23:31:09 kakobrekla: pegged.

23:32:10 jurov: like "what if 137 is the new 5?"

23:33:06 GirlfawkesyBTC: until the next major country to undergo economic collapse...

23:33:30 assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.1925 BTC [-]

23:33:37 kakobrekla: who is next on the list, somalia?

23:34:37 GirlfawkesyBTC: Spain isnt looking well these days

23:34:49 jurov: how can somalia further collapse?

23:34:57 kakobrekla: jurov my somalia.

23:35:40 jurov: oh at least slovakia can't collapse. cuz slovak banks all collapsed long ago, all we have are foreign subsidiaries

23:36:03 jurov: no stock market in bratislava, either

23:36:03 assbot: [HAVELOCK] [VTX] 4 @ 0.4257 = 1.7028 BTC [-]

23:36:24 kakobrekla: ;;ticker h vtx

23:36:25 gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)

23:36:29 kakobrekla: !ticker h vtx

23:36:30 assbot: [HAVELOCK:VTX] 1D: 0.40070002 / 0.4458272 / 0.48249899 (224 shares, 99.86529265 BTC), 7D: 0.36100100 / 0.45177942 / 0.49750000 (1178 shares, 532.19615862 BTC), 30D: 0.18000000 / 0.40389269 / 0.61488800 (6234 shares, 2517.86702390 BTC)

23:37:09 mircea_popescu:

23:37:29 kakobrekla: vtx is kinda funny

23:37:45 kakobrekla: trading allover the place

23:38:09 jurov: and MPBPT closed at 0.098 (nominal value is 0.1) and no bids anymore... quite chilling mkt anticipation

23:38:11 KRS1: slovakia is NOT somalia

23:38:23 kakobrekla: too late nao!

23:38:25 mircea_popescu: KRS1 stop scamming us. we know.

23:38:38 KRS1: ok..

23:39:18 jurov: krs1 is not scammer, just being anal

23:40:36 jurov: dunno, should i try to place 0.07 bid for mpbpt and cause panic?

23:43:03 assbot: [HAVELOCK] [VTX] 1 @ 0.4261 BTC [+]

23:43:38 mod6: (14:32) < jurov> like "what if 137 is the new 5?" << http://www.quickmeme.com/meme/3u499x/

23:43:50 mod6: :D

23:44:34 jurov: mod6 thx had exactly that in mind...throwing it to -otc

23:45:15 jurov: should have thought about that mpbpt panic yesterday...i'm so slow recently

23:46:02 jurov: also vat report was due yesterday, fck that...

23:46:49 mod6: (14:44) < jurov> mod6 thx had exactly that in mind...throwing it to -otc << haha nice.

23:47:02 assbot: [HAVELOCK] [VTX] 1 @ 0.4599 BTC [+]

23:47:04 jurov: so, you can expect coinbr to get seized by slovak tax office over vat not due in time :/

23:47:38 mod6: no wai?

23:47:52 mod6: wtf is vat?

23:48:02 mircea_popescu: drama added taxc

23:48:16 jurov: ^ yea. socialist yurp stuff

23:48:16 GirlfawkesyBTC: value added tax

23:48:16 mod6: oh value added ta

23:48:18 mod6: *tax

23:49:12 GirlfawkesyBTC: bullshit compound tax

23:49:18 jurov: i'm gonna have llc with external accounting, looking forward to it

23:49:24 jurov: then, blow & hookers

23:49:50 GirlfawkesyBTC: sigh...when am I going to get all my hookers?

23:50:10 mod6: hopefully soon.

23:50:49 mod6: jurov: but coinbr will live on, just a different structure 'eh

23:51:05 thestringpuller: wait coinbr is down?

23:51:11 thestringpuller: waaaat?

23:51:28 jurov: no, i'm jking

23:51:34 jurov: you can't access it?

23:52:22 thestringpuller: no I misunderstood

23:53:03 assbot: [HAVELOCK] [VTX] 4 @ 0.4499 = 1.7996 BTC [-]

23:55:02 assbot: [HAVELOCK] [HIM] 1 @ 1.7051 BTC [-]

23:55:28 jurov: it's normal to be a bit late with tax declaration, no criminal stuff

23:55:46 jurov: plus i don't have anything to declare recently anyway

23:56:02 assbot: [HAVELOCK] [HIM] 3 @ 1.7997 = 5.3991 BTC [+]

23:57:17 mod6: well good deal. Sail strong Coinbr!

23:59:06 jurov: i should kick myself every time i'm thinking of such dangerous jokes