#trilema | 2013-05-19

mircea_popescu: http://polimedia.us/dtng/c/src/12824537362.jpg

ThickAsThieves: whatever

ThickAsThieves: why even talk to us

ThickAsThieves: go be you

furuknap: I'm talking to you because my statements about AM was a matter of discussion and part of that discussion was the analysis I had made that showed AM had no chance in hell to make back investments at these levels. I said I would publish those numbers but decided as a matter of fairness to instead publish a simplified method for determining it yourself.

ThickAsThieves: i'm aware

mircea_popescu: bitcoin-assets is sorta like irc roulette.

mircea_popescu: the topic is now niggers.

ThickAsThieves: do you think there are any black Thelemites?

furuknap: [17:14] <truffles> im viewing it as, u think ur info will be so factual that none will think otherwise > I still do not care what others think. I care about what I think.

furuknap: I know there are many :-)

ThickAsThieves: correct answer is

ThickAsThieves: Who cares?

ThickAsThieves: badoom!

furuknap: You are quite right. As was I :-)

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99 BTC [+]

truffles: so if i think your information is biased and state reasons xy, that wont affect u?

ThickAsThieves: i try to disclaim likely bias when appropriate

ThickAsThieves: it never works

furuknap: truffles, if my information is biased, I will make it as clear as I possibly can.

truffles: not make it unbiased?

truffles: or in making clear it fixes that

ThickAsThieves: it'll be biased anyway

furuknap: Some information must be biased.

assbot: [BTCTC] [TAT.ASICMINER] 6 @ 0.0199 = 0.1194 BTC [+]

ThickAsThieves: you are biased to making it your idea of unbiased

assbot: [HAVELOCK] [ASICM] 1 @ 0.0203 BTC [+]

ThickAsThieves: :P

truffles: well we're full cirlce here

furuknap: ...or will be perceived as such. Declaration of interests make the reader aware of any bias and can evaluate the information in that light.

assbot: [BTCTC] [ASICMINER-PT] 5 @ 1.99 = 9.95 BTC [+]

assbot: [HAVELOCK] [ASICM] 16 @ 0.0203 = 0.3248 BTC [+]

assbot: [HAVELOCK] [ASICM] 180 @ 0.02033 = 3.6594 BTC [+]

furuknap: In some cases, that declaration is implied. 'Everyone' that reads my SharePoint stuff know most of my opinions, and for those that don't, I have made them clear no numerous and public occasions. I don't need to say in every article that "I do not approve of SharePoint Server, I love SharePoint Foundation, I hate certain members of the SharePoint dev team in Redmond, I like certain members of the community" and so on.

assbot: [HAVELOCK] [ASICM] 1 @ 0.01981 BTC [-]

ThickAsThieves: Are thelemites allowed to hate

ThickAsThieves: ?

truffles: we're not idiots itc..

furuknap: You're allowed to do whatever you will, but hating seems somewhat counter productive and thus wouldn't make you much of a Thelemite.

ThickAsThieves: those devs in redmond must feel pretty special then

furuknap: They do. They talk about me all the time. At times, they have had daily meeting about me.

ThickAsThieves: but who cares, right?

furuknap: They apparently do :-) I don't.

ThickAsThieves: me either

furuknap: That's a good start.

ThickAsThieves: thanks!

ThickAsThieves: wait

ThickAsThieves: can i thank people?

ThickAsThieves: this is getting tricky for me

ThickAsThieves: I want out

furuknap: If you will, you can. The entire belief system on Thelemites is "Do what tough wilt". Nothing more, nothing less.

truffles: he didnt even invite u in TAT

ThickAsThieves: so

furuknap: * Thou

ThickAsThieves: i dont care

ThickAsThieves: now i see the appeal

ThickAsThieves: you can just care whenever you want

furuknap: Indeed :-)

ThickAsThieves: or not

assbot: [HAVELOCK] [ASICM] 1 @ 0.02032 BTC [+]

truffles: do they believe in a God furuknap?

furuknap: This isn't a philosophical channel, but if you want to learn, read up on it. It's a pretty fascinating philosphy.

assbot: [MPEX] [S.MPOE] 17921 @ 0.00070263 = 12.5918 BTC [-]

assbot: [MPEX] [S.MPOE] 4479 @ 0.00070263 = 3.1471 BTC [-]

mircea_popescu: i have no idea why the notion of doing whatever the fuck you please needs a name

ThickAsThieves: that was my initial point

assbot: [HAVELOCK] [ASICM] 2 @ 0.02032 = 0.0406 BTC [+]

furuknap: There's a difference between "whatever the fuck you please" and "what you will".

ThickAsThieves: i searched for the philosophy that fit my lifestyle a few times when I was younger

ThickAsThieves: nothing matched

ThickAsThieves: so i said fuck it

furuknap: That's also a good start :-)

truffles: agnostic isnt bad

mircea_popescu: fucking it usually works.

ThickAsThieves: closedt i found was buddhism, but the whole being one with nothingness is ridiculous to me

saulimus: what's the point of adopting a philosophy your lifestyle fits the best with? isn't that just doing what you'd like anyway?

furuknap: truffles, by what you probably mean by "believe in a God", no I don't.

ThickAsThieves: saulimus, it was a youth thing

ThickAsThieves: like trying to find yourself

ThickAsThieves: and realizing I'm right here

truffles: u found it already?

ThickAsThieves: as best i can

truffles: some of us are driftign

ThickAsThieves: the whole mortality thing is still unresolved

ThickAsThieves: but i just block that out

ThickAsThieves: and carry on

furuknap: Morality is relative and thus subjective. What works for you works for you. If you care not for what others think, that is all that matters.

ThickAsThieves: i said mortality

ThickAsThieves: not moral

furuknap: Ah, my bad, misread it.

ThickAsThieves: i dont wanna die!

ThickAsThieves: simple as that

furuknap: Nobody wants to die, really. Whether you allow the fear of dying control or affect your actions is more relevant.

ThickAsThieves: i do

truffles: shouldnt u not care if u die furuknap

ThickAsThieves: it can make me impatient and extremely averse to undue stresses

furuknap: truffles, you're catching on! I do care about me, but you're thinking correctly about the issue.

saulimus: "For God so loved the world, that He gave His only begotten Son, that whoever believes in Him shall not perish, but have eternal life." <- solution right there (disclaimer: I'm a christian)

furuknap: TAT, you want to die or you allow the fear of it to control your actions`?

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ThickAsThieves: it affects my actions

ThickAsThieves: which is probably universal to most humans

ThickAsThieves: and many other living things

truffles: yea none wants to jump out of an airplane without a parachute

furuknap: To some extent, that is what keeps humans alive, yes, but fear that prevents you from reaching your goals is bad.

assbot: [BTCTC] [TAT.ASICMINER] 12 @ 0.0199 = 0.2388 BTC [+]

Scrat: Firecoin2 initially began as a Feathercoin2, a joke coin created to poke fun at all the recent altcoin releases. However, after a surprisingly smooth launch, and some community support, it has been decided that this coin will relaunch as Firecoin2.

Scrat: I lol'd

ThickAsThieves: [11:37] <furuknap> To some extent, that is what keeps humans alive, yes, but fear that prevents you from reaching your goals is bad. --- Makes me think of The Alchemist

furuknap: Paulo Choelly is a Thelemite :-)

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furuknap: Choello

ThickAsThieves: heh

ThickAsThieves: coelho

truffles: furuknap for some reasons ur words seem contradictory, hence why i ask those obvious questions..

furuknap: Damn1

ThickAsThieves: i'm portuguese too

furuknap: Can't even hit the keys...

ThickAsThieves: well, he might be brazilian

ThickAsThieves: not a real portuguee!

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furuknap: truffles, like I said, this isn't really a philosophy forum. Feel free to PM me, though, unless of course everyone is fine with the conversation.

ThickAsThieves: it's not like anything else is going on...

ThickAsThieves: but

ThickAsThieves: i'd rather you write your damn analysis

truffles: lol

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truffles: team USA is winning so..

furuknap: Two monitors, two hands, two eyes, two halves of a brain... I was built for dual-tasking :-)

truffles: furuknap buttsex is a topic in here so nothing is offlimits

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furuknap: In that case, feel free to ask your questions. I'll answer as best I can.

ThickAsThieves: can anyone truly multi-task, isn't it mostly just ignoring many things at once?

ThickAsThieves: ;)

truffles: im like doing 4 things!

assbot: [MPEX] [S.MPOE] 4321 @ 0.0007032 = 3.0385 BTC [+]

assbot: [MPEX] [S.MPOE] 22708 @ 0.00070331 = 15.9708 BTC [+]

assbot: [MPEX] [S.MPOE] 9771 @ 0.00070457 = 6.8844 BTC [+]

furuknap: Mostly, you're not really efficient if you multi-task. Task switching, however, can be quite efficient.

truffles: if u want to excel at surfing sure

truffles: what kind of magic do u know?

furuknap: Magic? I don't do magic. Magick, on the other hand, I do all the time. So do you.

truffles: explain plz

ThickAsThieves: more crowley

furuknap: Well, consider what most people think of when they think "Magic". It's Harry Potter, right? Some desired outcome, some formula or incantation, and poof, that desired outcome happens (or fizzles).

furuknap: In Magick, it is actually the same thing. You have a desired goal and you perform some ritual to achieve that goal. If the ritual is done correctly and is the correct ritual, your achieve your goal.

truffles: something like "The Secret"???

ThickAsThieves: and The Alchemist

ThickAsThieves: and Field of Dreams

furuknap: "The Secret" as far as I've understood, is mostly based on thelemic principles, yes. It's a bastardization as far as my peers have determined it, but I have not read it so I don't know.

truffles: saw a doc, didnt read it

ThickAsThieves: i wouldnt call it magic, but I do believe that as species we almost literally capable of anything

ThickAsThieves: just a matter of time and effort

furuknap: The "Magick" that most people think about involves mysterious and secret rituals with sacrificing goats and whatnot. However, in reality, Magick is much simpler. You wake up and your breath smells like wet dog. Your desired goal is to have a nice breath. Your ritual is to go to the bathroom, but some potion on a brush and rub on your teeth. If you do, your breath smells nice.

assbot: [HAVELOCK] [ASICM] 10 @ 0.02033 = 0.2033 BTC [+]

assbot: [HAVELOCK] [ASICM] 3 @ 0.02033 = 0.061 BTC [+]

ThickAsThieves: if we can conceive of an idea, odds are we can make it reality

ThickAsThieves: well, odds is the wrong word

furuknap: That's about as far as you need to go to understand "Magick". There is, of course, far more to it that that, but it doesn't involve anything supernatural or anything like that.

truffles: agree with that TAT

ThickAsThieves: but you know what I mean

truffles: sounds like explaining daily routines as something special..

furuknap: Or explaining something special in an easy to understand way :-)

ThickAsThieves: magick equates to, if you want something to be a certain way, then take action to make it that way

furuknap: TAT: Yes, exactly. Again, somewhat simplified, but really, that's what's happening.

furuknap: Magick is far more than daily routine. It is about shaping yourself, your mind, and the environment around you to create a reality that matches what you will.

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.019525 = 0.1953 BTC [-]

ThickAsThieves: but the magic people adore is the kind that breaks laws of science, paradigm shifts at the very least

assbot: [BTCTC] [ASICMINER-PT] 24 @ 2 = 48 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.019525 = 0.0976 BTC [-]

ThickAsThieves: yay we're back at 2

furuknap: TAT: Yes, but those are just supersticious morons.

ThickAsThieves: i love paradigm shifts though

ThickAsThieves: that's the real magic

truffles: gotta livein a bubble to have everything fit ur will imo

furuknap: If that is within the realm of possibility and you know the "spells" to make it happen, certainly.

ThickAsThieves: showing that we are only limited by our own creativity

Chaaang-Noi: yeah, back at 2

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2 = 4 BTC [+]

ThickAsThieves: mp is all set

furuknap: :-)

ThickAsThieves: he's the true thelemite i guess

furuknap: truffles: Well, everything you perceive and thus can think creates such a bubble. The difference is whether you are aware of that bubble and whether you have the ability to manipulate it.

truffles: sounds too much like termite

ThickAsThieves: or something frying pans are made of

furuknap: Hehe :-)

furuknap: The philosophy is called Thelema. Thelemite is the description of an adherent to that philosophy.

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020249 = 0.2025 BTC [+]

ThickAsThieves: but seriously furuknap, i really hope you are totally candid amd open about this repot

ThickAsThieves: report*

ThickAsThieves: i WANT to know the ultimate holes in the theory

ThickAsThieves: rather

ThickAsThieves: holes in the value

furuknap: To the extent of my abilities, it will be. It's not as much a report as a description of the method used to come to the analysis I mentioned previously.

furuknap: That way, you can work the numbers for any mining asset, not just AM.

ThickAsThieves: because i am fairly confident that no theory could dismantle shareholder speculation and an unpredictable future

ThickAsThieves: simply too many variables to poke holes with confidence

furuknap: I'm not trying to do so, only find a way to evaluate what the fundamental value of a mining asset is.

ThickAsThieves: was my summary not sufficient?

furuknap: Speculation may not be rational. If my AM analysis is correct, it is not now, for example.

truffles: i thought it was a forgone conclusion that we would have RFID chips and that digital money would be the norm

furuknap: I'm not trying to predict price, only value.

ThickAsThieves: 1. If the asset doesn't reinvest, it's TOTAL garbage

ThickAsThieves: 2. If it does, it'll be garbage soon enough

ThickAsThieves: 3. If the asset can maintain a leading position, and also sells hardware, only chance of stability and profit

truffles: value measured through price?

ThickAsThieves: he means fundamental value

furuknap: Nope. I care for price only to the extent it affects cost of halving effect.

ThickAsThieves: you can't make assumptions about the climate at the time of the halving though

ThickAsThieves: nor how long corrections due to it happening will last or appear

furuknap: I'm not trying to do so.

Chaaang-Noi: you are trying to see up to 4 eyars from now when we halve?

ThickAsThieves: only 3

Chaaang-Noi: yeah i kinda only value this stuf up to 2 eyars

ThickAsThieves: but even a year is eternity in bitcoin

Chaaang-Noi: agree

Chaaang-Noi: unless you are bfl :)

furuknap: No, I'm trying to say that the amount of coin a mining operation yields will need to be taken into account now, knowing that the value of a share is likely to drop of revenue from dividends drop.

ThickAsThieves: like get this, it's only been like a month since the Great Bubble of 2013

ThickAsThieves: crazy

furuknap: Bubbles are prices, not value.

ThickAsThieves: i'm referring to how bitcoin is in it's own timespace

Chaaang-Noi: something is worth what someone will pay for it:)

ThickAsThieves: the bubble pop seems like forever ago

ThickAsThieves: but it's not

furuknap: No, something costs what someone will pay for it.

Chaaang-Noi: a value of a mac is like $700 but peole pay $2200

ThickAsThieves: something is WORTH what someone will pay for it

ThickAsThieves: is COSTS what someone will sell it for

ThickAsThieves: :P

furuknap: Repeating it doesn't make it true.

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truffles: macs tilt me!

Chaaang-Noi: knowing their will be greaters fools in the future adds to value )

ThickAsThieves: other things can affect value too

ThickAsThieves: for example

ThickAsThieves: if the amount of people investing in bitcoin stock doubles

Chaaang-Noi: really if we are going ot be this pedandic, we should just define what value means

ThickAsThieves: then a lower % yield will be acceptable

furuknap: Let's make a simple example. You can give me 10 coins now in escrow, and every year I will give you 1 coin in interest, thus yielding 10% per year. However, after 4 years, your initial 10 coins will be reduced to 5 coins. Thus, the yield is not 10%, it is negative 2.5% because over four years, you're left with 9 coins.

ThickAsThieves: today we call an asset that pays 1% divs monthly a dog

Chaaang-Noi: having only 163k of the total 400k tradedable does add to that

ThickAsThieves: but that beats any IRL asset

ThickAsThieves: or, most

Chaaang-Noi: fuck IRL:)

Chaaang-Noi: i was IRL once, but it was boring and too slow, so BTC

ThickAsThieves: furuknap, what you are describing relates with risk of total loss and inflation

ThickAsThieves: but that can be offset if that asset can be resold any time

Chaaang-Noi: price of btc ehre matters as well, cuz we need to buy stuff with yuan, so higher the btc price the higher the percent of divdends

assbot: [MPEX] [S.MPOE] 5550 @ 0.00070457 = 3.9104 BTC [+]

furuknap: True, but there must be that famous idiot that will pay you more than what your share is worth.

ThickAsThieves: if i buy AM at 2, and it pays 10% yield, and I sell it at 1.95, I have profited

truffles: furuknap if u wrote like this on the website i might read at least 50% of it!!

furuknap: TAT: Exactly, and that effect is higher than most realize. In fact, for AM, it's roughly 0.005 per week.

Chaaang-Noi: in btc land finding idots is not hard

truffles: and scammers

ThickAsThieves: but AM has strong likelihood of a stable price

ThickAsThieves: due to it having stable mining income

Chaaang-Noi: Am will be stable like BTC is stable :)

ThickAsThieves: in 1 month, it is very unlikely AM willl be worth less than the divs paid+sale price

furuknap: But the stable income is not as high as people think it is. friedcat has said he expects 10% on average. That correlates to around 0.006 per week. From that, you need to deduct the halving effect, which is 0.005, yielding 0.001 in real ROI.

ThickAsThieves: you dont need to deduct halving

furuknap: The higher the price, the higer the halving effect.

ThickAsThieves: it is too far away

ThickAsThieves: liquidity is good enough to ignore 2016

furuknap: Or rather, there are enough people that don't take the halving effect into account to ignore it :-)

ThickAsThieves: also Friedcat has commited to a 10% minimum, no average

Chaaang-Noi: furknap firedcat said his goal was 105 and this was when he thought bfl was going tio ship first

ThickAsThieves: and

Chaaang-Noi: 10%

ThickAsThieves: he is selling an increasing amount of hardware

Chaaang-Noi: there is no reason not to think AM can have 45% of the network and still ahve sold 45% of the hardware making up the other 55% of the network.

furuknap: Seeling hardware is an additional income yes, but competition will rise quicker there.

ThickAsThieves: not if Friedcat stays ahead of them

ThickAsThieves: while they are catching up

Chaaang-Noi: furuknap you assume bfl will ship soon?

ThickAsThieves: he'll be releasing next-gen

furuknap: I assume BFL or someone will ship in the next three years, yes.

ThickAsThieves: BFL will be shipping while AM is selling off their used 1st gen

Chaaang-Noi: yeah fried cat will odds are have gen 2 out before bfl can ship other than a few prototypes

Chaaang-Noi: okay then if in 3 eyars, im going to suspect you think AM is worth around 5 btc each then?

furuknap: The future speculation is not very relevant, though. When companies get this big in terms of network percentage, it is much easier to speculate whether they will retain that.

Chaaang-Noi: what do you think this stock is worth?

ThickAsThieves: furuk, you also presume that Friedcat is not planning for the halving

Chaaang-Noi: give us a umber

Chaaang-Noi: number

ThickAsThieves: maybe his design strategy is to have chips at 400% efficiency by then

ThickAsThieves: who knowas

ThickAsThieves: this is what i mean by too many variables

KRS1: so its feasible to say AM could be a victim of their own success?

furuknap: Chaang, it depends on how you evaluate risk. In my striclty personal opinion, I would evaluate a price between 1.3 and 1.5 to support my risk profile with a reasonable yield and expecting a network hash rate between 10 and 15% on overage over five years.

ThickAsThieves: AM's value is derived from the published plans of Friedcat, dividends, liquidity, and quantity of byers

ThickAsThieves: furuknap, what i dont understand is

Chaaang-Noi: furuknap i think you undervalue it, i think we will see 3 btc before 1.5 btc

ThickAsThieves: why you would sell off after a few months, yet use theories that span 5 years

ThickAsThieves: it doesnt resolve

furuknap: Chaang, at 2.0, the ROI is roughly 2% per year, taking the halving effect info account.

ThickAsThieves: the road to 3btc would be an ugly one

furuknap: TAT: Very simple, there's no way I can get more reward from the dividends than I can from selling the shares.

ThickAsThieves: but that is already proven false

Chaaang-Noi: we are at 30% of the network and sell off hardware, while having THs 1000 THs in the pipeline... you are using some bull shit 10% number that was a guess 9 months ago...

furuknap: Yes, and what is the guess for 2017?

Chaaang-Noi: your assumption that we will only get 10 to 15% of the network over 3 years is silly

ThickAsThieves: who cares about 2017

ThickAsThieves: like no one

ThickAsThieves: but you

furuknap: I do.

Chaaang-Noi: that was a guess assumming BFL could ship, its clear now they cant

ThickAsThieves: bfl is mining

ThickAsThieves: not shipping

ThickAsThieves: their hashes are already on the network

Chaaang-Noi: see this is why he cant hurt AM price, people will see his thinking and lulz

ThickAsThieves: i'm not joking either

Chaaang-Noi: lol

furuknap: Yeah, I saw that. Don't think it's that much of an effect, though.

Chaaang-Noi: eclipsenc eh?

Chaaang-Noi: eclipsemc

Chaaang-Noi: you guys are silly thinking bfl is minning with much

ThickAsThieves: i dont know how much

ThickAsThieves: my point is that

Chaaang-Noi: yes they ahve some prototypes they are testing

ThickAsThieves: there wont be a sudden hash increase from bfl

Chaaang-Noi: not for a long time atleast

ThickAsThieves: but

ThickAsThieves: there will be others

ThickAsThieves: adding to the diff

ThickAsThieves: people who dont even bother to tell anyone

furuknap: Bitfury may be a very strong outsider. If they get their shit together for June, they're already one generation ahead of AM and can produce hashes much faster. Then, AM must catch up, and we don't know where in the process they are.

ThickAsThieves: AM will be prepared

furuknap: They will have to be, and I really think they will be, but the picture isn't as one-sided as everyone thinks. Right now, we're cheering that AM wins the race every week, but nobody seems to notice there is only one horse.

KRS1: lol well said

ThickAsThieves: i think your analogy is wanting

ThickAsThieves: there are thousands of horses

furuknap: And thus you place your bets based on that. Nothing wrong with that.

ThickAsThieves: it's just that AM is about to lap them

furuknap: I just don't see the value that everyone else wants to pay.

Chaaang-Noi: there are lots of hourses, but only AM figured out how to not fall on its own legs and get out of the starting box

Chaaang-Noi: well to be honest, im selling a bit at 2 and 2.5, not buying, but i would hold at 1.5 to 2

ThickAsThieves: this is more than a race

Chaaang-Noi: race to mine all the btc :)

ThickAsThieves: I believe that the only reason we havent seen 200TH yet

ThickAsThieves: is that no one else has shipped

furuknap: I probably would hold at 1.5 and possibly higher too if I knew more about the future plans, progress in 2nd gen chips, and if they were to hold back more of the dividends to secure themselves against future opporyunity loss.

fiat500: are asicminer dividends per share likely to increase beyond 0.036?

ThickAsThieves: likely?

ThickAsThieves: no

ThickAsThieves: possinly

Chaaang-Noi: i have a lot of stock and im slowly cashing out cuz i want hookers and coke money... but AM is pretty damn solid

furuknap: fiat: In bursts, maybe, but 0.036 represents mining 50% of the network, so probably not long-term or on average.

ThickAsThieves: possibly? Yes

fiat500: crazy

ThickAsThieves: for example

Chaaang-Noi: depends how many of the 10,000 usb miners we sold

ThickAsThieves: if they sold all those USB miners

ThickAsThieves: this weeks divs would be .05+

Chaaang-Noi: :)

ThickAsThieves: and

ThickAsThieves: if they sold another 100 blades

ThickAsThieves: .07+

ThickAsThieves: etc

Chaaang-Noi: oh man if they did that...

fiat500: ThickAsThieves: assuming shares outstanding remains constant of course

Chaaang-Noi: to much for one week, large stock holders would die...

furuknap: True, but they announced them two weeks ago. If they get the revenue paid out as dividends in two weeks, then it takes a month to sell ฿20K, or ฿5K per week, which isn't enough to sustain 0.036 per week.

ThickAsThieves: fiat500, AM would be fools to sell their unsold shares

Chaaang-Noi: i dont think they can even sell the shares

fiat500: this PT has something like 15k shares atm, how many have been issued total?

Chaaang-Noi: only up to 200,000 pretty sure

ThickAsThieves: they can do whatever they want

Chaaang-Noi: 163k can be sold

Chaaang-Noi: TAT pretty sure that is not true

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99998 BTC [-]

ThickAsThieves: all i mean is

ThickAsThieves: they can do whatever they want

ThickAsThieves: even if it is not fair

Chaaang-Noi: i asked him in a board meeting, might not have been a rule but he said tehy wont sell the 200k

ThickAsThieves: why would they

Chaaang-Noi: this was way way befoer

ThickAsThieves: they can simply issue a new asset if they need money

fiat500: them selling would signify cashing out to me

furuknap: Chaang, friedcat did say that if they needed funding, they would do so by selling off the BF part of the shares rather than issue new ones.

Chaaang-Noi: yeah but they dont need funding

furuknap: ...as far as we know :-)

Chaaang-Noi: it was just for funding hardware, not for personal gain

fiat500: so this makes me more confident in /their/ confidence of AM's viability

ThickAsThieves: furuknap, THAT would be worth researching

Chaaang-Noi: yeah, friedcat is pretty damn solid about this

ThickAsThieves: going back to Feb

ThickAsThieves: and looking at the divs

ThickAsThieves: and Friedcat's comments about expenses

ThickAsThieves: and retained BTC

ThickAsThieves: to glean what you can

Chaaang-Noi: he did not sell more than 163k just look at the updated op in the thread

ThickAsThieves: afaik AM is debt free

ThickAsThieves: and has BTC retained

furuknap: I've tried to understand that, but I haven't found anything. It's mostly "we retain some money" but nothing solid about expenses, running or expected.

Chaaang-Noi: they are better than debt free, they have cash on hand :)

Chaaang-Noi: yesh, he has not even been open with board members about costs, and what not

furuknap: That's why one of the things I asked friedcat to start publishing is financial reports. Once a quarter is fine, more frequent isn't really necessary.

Chaaang-Noi: he was back before the new year but after not so much

Chaaang-Noi: but really, who gives a fuck...

Chaaang-Noi: id rather him focus on getting more asics online

ThickAsThieves: chaang,

furuknap: Investors who want to evaluate a share's value do.

ThickAsThieves: would you say board member info is useful?

ThickAsThieves: or has it mostly been what he announces publicly?

Chaaang-Noi: i dont want to evaluate, you guys forget that we invested in the idea ages ago... we no longer need investors.. we dont care, we dont need money....

fiat500: ThickAsThieves: lets say BFL rolls out enough hw that AM can roll out 100TH/s without risking control of >50%

ThickAsThieves: ok

Chaaang-Noi: id say the board knows almost nothing the public does not

fiat500: how do you think that would affect dividends?

ThickAsThieves: fiat500, what you are asking can be figured out exactly

ThickAsThieves: a specific amount of coins are mined each round

fiat500: seems too good to be true

ThickAsThieves: your net % will be very close to that amount in %

Chaaang-Noi: friedcat did not list on any exchange after glbse cuz we dont need money, we dont need investors, and the true real investors seem very happy with how things are going, we dont need details :)

furuknap: In that case, I'd do more research, fiat :-)

ThickAsThieves: so if AM has 40% of the hashing

ThickAsThieves: they get about 40% of the mined coins

furuknap: ;;ticker

fiat500: i bought some single SCs but i find this virtual AM share business pretty enticing

gribble: BTCUSD ticker | Best bid: 119.50001, Best ask: 119.90000, Bid-ask spread: 0.39999, Last trade: 119.89999, 24 hour volume: 15821.68958389, 24 hour low: 119.50000, 24 hour high: 124.50101, 24 hour vwap: 122.44211

furuknap: Whoops. CRASH, CRASH, SELL, SELL!

fiat500: haha

assbot: [BTCTC] [TAT.ASICMINER] 4 @ 0.02024 = 0.081 BTC [-]

Chaaang-Noi: well, AM sold for .1 btc each at one time, now they are 2 btc each

Chaaang-Noi: that was a 4.5k btc sell

fiat500: temporary setback

Chaaang-Noi: lol

fiat500: someone's stoploss kicked in

Chaaang-Noi: i forget some people got involved to make fiat :)

fiat500: i would say most

Chaaang-Noi: maybe the most recent

fiat500: but i have no evidence to back it

Chaaang-Noi: but not the people who joined when it had no fiat value

fiat500: yeah true

Chaaang-Noi: some people just want to fuck over banks

fiat500: nice thing about securities is you can get rewards without going through fiat

truffles: and i just wanted 10 btc

BitHub: what's the next asicminer?

BitHub: 100-th mine?

fiat500: BitHub?

Chaaang-Noi: lol what?

Chaaang-Noi: oh the russians

BitHub: i'm looking for the next asicminer to get into :)

BitHub: another gem

Chaaang-Noi: lets see if they can do anything, they are behind bfl on progress at this stage

fiat500: is there a BFL-backed security anywhere?

Chaaang-Noi: i doubt they have much, but we will see

assbot: [HAVELOCK] [HIM] 1 @ 1.6 BTC [-]

assbot: [MPEX] [S.DICE] 1000 @ 0.00200003 = 2 BTC [-]

assbot: [MPEX] [S.MPOE] 1000 @ 0.0007028 = 0.7028 BTC [-]

fiat500: btw does anyone know why AM hashrate dropped to 13TH/s earlier?

Chaaang-Noi: guy who was watching the room got drunk and spilt beer on the power strips

furuknap: In scale, it seems that 100TH is the only thing currently lined up to match AM. I threw a few coins there to see what stuck. Either it goes to zero or it works. As far as I know, neither Avalon, BFL, or the swedes have anything public.

BitHub: right, plus bfl and avalon aren't exactly building a farm right?

BitHub: just selling devices

assbot: [MPEX] [S.DICE] 323 @ 0.00200003 = 0.646 BTC [-]

Chaaang-Noi: <assbot> [MPEX] [S.DICE] 1000 @ 0.00200003 = 2 BTC [-] is this an all time low?

fiat500: Chaaang-Noi: bullshit lol

assbot: [HAVELOCK] [ASICM] 2 @ 0.0201512 = 0.0403 BTC [-]

furuknap: Well, traditionally, selling shovels is more profitable than mining.

Chaaang-Noi: fiat500 :)

fiat500: BitHub: i mean someone with a bfl farm

BitHub: that's why i want to buy a batch of hardware wallets

BitHub: rather sell them

BitHub: ahh i see fiat, be hard for someone to order 100th worth of BFL?

assbot: [MPEX] [S.DICE] 577 @ 0.00200002 = 1.154 BTC [-]

Chaaang-Noi: assbot> [MPEX] [S.DICE] 577 @ 0.00200002 = 1.154 BTC [-] a lower low?

assbot: [MPEX] [S.MPOE] 500 @ 0.0007028 = 0.3514 BTC [-]

Chaaang-Noi: i have some bids near .001

fiat500: assuming they ever deliver

fiat500: Chaaang-Noi: i would wait and see how this purported blocking of US plays out

assbot: [BTCTC] [TAT.ASICMINER] 2 @ 0.02024 = 0.0405 BTC [-]

Chaaang-Noi: i want to buy at .001 just to lulz on the forum

Chaaang-Noi: i think even that is too high but want proof to show mp and all the other retards

fiat500: LOL

fiat500: proof of what

Chaaang-Noi: mp sold 30,000 shares or whatever at a high price so fine, but the people who bought, lol retards

Chaaang-Noi: ;;bids 100

gribble: There are currently 66469.113 bitcoins demanded at or over 100.0 USD, worth 7238222.57887 USD in total. | Data vintage: 29.6755 seconds

Chaaang-Noi: cool, dowbt we will get under 100

Chaaang-Noi: i want sell some more, need more hoke

fiat500: ;;market buy 1000000

gribble: This order would exceed the size of the order book. You would buy 127623.47 bitcoins, for a total of 27476910383494.7734 USD and take the price to 13370133701337.0000. | Data vintage: 59.0720 seconds

fiat500: winklevii should have just spent the 1.5mil on a market buy rather than invest in silly bitinstant

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.02024 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99998 BTC [-]

truffles: ure just jelly of their smarts

fiat500: :(

Chaaang-Noi: i dont know if i would but into bitinstant or not

Chaaang-Noi: buy*

fiat500: never

assbot: [BTCTC] [COGNITIVE] 1 @ 0.234997 BTC [-]

fiat500: bitinstant is for the poor

fiat500: no money in the poor

Chaaang-Noi: lol

Chaaang-Noi: its the new western union, and trust me they make bank

fiat500: it reminds me of those check cashing places

assbot: [HAVELOCK] [ASICM] 1 @ 0.0201512 BTC [-]

assbot: [BTCTC] [GSDPT] 5 @ 0.00273 = 0.0137 BTC [-]

fiat500: i have about 2btc left over on btct after buying those AM shares, what would be a good satoshi stock to buy?

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.02024 = 0.2024 BTC [-]

Chaaang-Noi: fiat500 if i were you i could buy cognitive as a hedge on your AM

Chaaang-Noi: they invested in BFL and avalon

fiat500: ah there we go

fiat500: thanks

Chaaang-Noi: i trust the manager who runs it

fiat500: good score

Chaaang-Noi: the have already ordered bfl and are near first in line

Chaaang-Noi: they are gpu mining right now and are working on addeding avalon chips

assbot: [BTCTC] [BASIC-MINING] 1 @ 0.49 BTC [+]

ThickAsThieves: i also hear that the sdice "whale" has magically reappeared

fiat500: that explains the hit they took, 3btc/week in dividends is pretty awful

ThickAsThieves: otherwise known as evoorhees

truffles: lol TAT

ThickAsThieves: The first person I ever talked to in bitcoin was evoorhees,

ThickAsThieves: and the first thing I said was

Chaaang-Noi: that whale, lol

Chaaang-Noi: perfect sma

assbot: [BTCTC] [COGNITIVE] 4 @ 0.234997 = 0.94 BTC [-]

Chaaang-Noi: scam

ThickAsThieves: How do we know you aren't using income to bet into the game yourself?

truffles: he used to visit here, what happened?

ThickAsThieves: if he hung in here he'd have to answer questions from smart people

ThickAsThieves: why do that?

Chaaang-Noi: people asked him questions like, wtf is going on, why dont dyou do anything

truffles: oh lol

fiat500: Chaaang-Noi: regarding what?

truffles: well at least he moved out of US

Chaaang-Noi: yeah 20 years to life would suck

Chaaang-Noi: he has pretty much done nothing

Chaaang-Noi: other than block us users

Chaaang-Noi: he even forgot to renew the website lol

assbot: [BTCTC] [COGNITIVE] 1 @ 0.234998 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 50 @ 0.02024 = 1.012 BTC [-]

Chaaang-Noi: there is a cognitive sale

truffles: rly, its a solo operation then geez

assbot: [BTCTC] [COGNITIVE] 3 @ 0.234999 = 0.705 BTC [+]

Chaaang-Noi: more cog sold, fiat did you end up buying it?

fiat500: Chaaang-Noi: that was me

assbot: [BTCTC] [ASICMINER-PT] 4 @ 1.99999 = 8 BTC [+]

Chaaang-Noi: cool, im not 100% it will work out, but its a nice hedge for your AM

furuknap: Geez, and that was the extent of your research?

fiat500: not enough

fiat500: furuknap: i just bought 8 shares lol

Chaaang-Noi: ill vouch for the operator

truffles: goat ure so trusting

Chaaang-Noi: if he scams you, ill pay you backfor the 8 shares

Chaaang-Noi: i am trusting, im also about to give him 100k usd :)

assbot: [BTCTC] [TAT.ASICMINER] 8 @ 0.02024 = 0.1619 BTC [-]

fiat500: LOL

fiat500: Chaaang-Noi: its ok man no need :P

Chaaang-Noi: :)

ThickAsThieves: so ive been waiting like 36 hours for a withdrawal from BTCTC

truffles: he said no to money?

ThickAsThieves: :(

Chaaang-Noi: hmm

ThickAsThieves: (manual)

Chaaang-Noi: i got money not to long ago

ThickAsThieves: was it a manual?

Chaaang-Noi: maybe just over 36 hours

ThickAsThieves: oh

ThickAsThieves: very annoying

ThickAsThieves: i owe people money for deals

Chaaang-Noi: well security sucks but...

ThickAsThieves: i did not factor waiting 17 years to get my coins

Chaaang-Noi: how much do you need right now?

fiat500: furuknap: this is a lot less risky than the ~$5k i sunk into single SCs

ThickAsThieves: more than one would loan me

fiat500: if that turns out to be a scam i have no way to get any of my investment back

assbot: [BTCTC] [GSDPT] 45 @ 0.00273 = 0.1229 BTC [-]

Chaaang-Noi: over 21 million btc?

furuknap: ;;ticker

gribble: BTCUSD ticker | Best bid: 120.72000, Best ask: 120.85000, Bid-ask spread: 0.13000, Last trade: 120.72000, 24 hour volume: 17213.23182197, 24 hour low: 119.50000, 24 hour high: 124.50101, 24 hour vwap: 122.21483

furuknap: And we're back.

truffles: is it going down

truffles: 100 more to go..

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.984 BTC [-]

ThickAsThieves: save it for bitcoin-anal

furuknap: Is what going down?

truffles: was 122

truffles: btc

ThickAsThieves: we dont need to pull our hair out over a 4% dip

furuknap: It was 119.5.

fiat500: lmfao

kakobrekla: the thing is

kakobrekla: its going up and down

kakobrekla: at the same time

furuknap: It was just that I poked a bit of fun at the sell-off that lead to drop from 122ish to 119ish.

Chaaang-Noi: <furuknap> Is what going down? this fine bitch on my cock :)

kakobrekla: just depending what timeframe you look at

truffles: tmi goat

truffles: unless u meant a goat

Chaaang-Noi: i be trollin, girls are down stairs

ThickAsThieves: omg guys, bitcoin was at $266 and now it's like half that!

Chaaang-Noi: TAT!!!! shit btc id dead...

fiat500: given a long enough time frame, btc is just as likely to be worth $1 as it is to be worth $1k

assbot: [BTCTC] [RSM] 20 @ 0.014999 = 0.3 BTC [+]

Chaaang-Noi: not with the way they are printing usds...

truffles: great then i can finally get some playmoney

kakobrekla: truffles how much coin do you have

truffles: zero

fiat500: bear

ThickAsThieves: he is one of the winklevii

Chaaang-Noi: no

truffles: lol

truffles: i wish

kakobrekla: ok, so im thinking, to be in this room, one must have at least a few btc

ThickAsThieves: so .5%

Chaaang-Noi: i honestly think he has zero

kakobrekla: number yet to be decided

Chaaang-Noi: but i do wonder how he found this room

truffles: wallet proof?

Chaaang-Noi: you can not prove you own no btc

fiat500: out of curiosity, how much do u guys have invested in securities

kakobrekla: my life

ThickAsThieves: i'd say if youre smart enough to find this room, you might be worth having in here, except that now mp is tweeting it

Chaaang-Noi: i have over a million usd in btc securtities

ThickAsThieves: i have a lot more than i started with

fiat500: via mpex?

truffles: someone spammed this room in bitcon-otc

fiat500: havelock? or btct?

truffles: im in all of the room

furuknap: I have more than I started with, and beyond that it's none of your business :-P

truffles: at least the main ones

Chaaang-Noi: i only hold AM and a bit of cognitive, about 5% of cog

fiat500: furuknap: just thinking of scale really

truffles: yall act like this chat is always buzzin like right now

ThickAsThieves: sometimes we sleep

assbot: [BTCTC] [TAT.ASICMINER] 3 @ 0.02024 = 0.0607 BTC [-]

truffles: sleep is for the weak : p

ThickAsThieves: ok

furuknap: TAT, what do you mean, you don't ahve a chatbot to represent yourself while you sleep?

ThickAsThieves: does not compute

furuknap: OK, guys, I'm back. Overslept this morning. How are everyone doing?

fiat500: Chaaang-Noi: that many shares - you are probably purchasing them directly from the issuers right

truffles: doing alright

fiat500: i dont see myself putting 1mil USD into btct for instance (definitely not mpex)

kakobrekla: lol

Chaaang-Noi: fiat yes i bought from friedcat directly

Chaaang-Noi: and it was about 10,000 usd and it just grew cuz btc and am is awesome

kakobrekla: i think you dont see putting yourself 1 mil into anything cause you dont have 1 mil

truffles: kakobrekla why dont u like me?

assbot: [BTCTC] [B.YABMC] 3 @ 0.016739 = 0.0502 BTC [-]

fiat500: Chaaang-Noi: does he do manual accounting for those shares?

Chaaang-Noi: friedcat does, you bought a pt, not real shares

kakobrekla: truffles cause you remind me of that other guy that got banned

assbot: [BTCTC] [TAT.ASICMINER] 2 @ 0.02024 = 0.0405 BTC [-]

furuknap: <Chaaang-Noi> friedcat does, you bought a pt, not real shares *in AM* (FTFY)

truffles: in what way

fiat500: Chaaang-Noi: right, hence why i was wondering

kakobrekla: in a bad way

truffles: i have feelings too u know

fiat500: because an exchange makes it easier to distribute divs

truffles: gimme an example

truffles: i think that since mp doesnt like me, u decide not to like me also

kakobrekla: right.

truffles: an example could help clear things up

fiat500: you guys let emotion get i nthe way of money?

truffles: only 2 or 3 robots itc

Chaaang-Noi: <fiat500> you guys let emotion get i nthe way of money? at times yes, i use money as a tool for power....

truffles: at least ure honest goat

fiat500: is mp a dude or a chick

truffles: lol

truffles: http://www.youtube.com/watch?v=anwy2MPT5RE

ThickAsThieves: the eternal question

ThickAsThieves: the answer is

ThickAsThieves: yes

fiat500: my coin is on dude

furuknap: http://community.bitfinex.com/content.php/29-Litecoins <- Bitfinex to offer Litecoins for USD.

truffles: he's very emotional isnt he

fiat500: furuknap: i pulled out of bfx after their protection fiasco

kakobrekla: protection fiasco?

Chaaang-Noi: fiat500> is mp a dude or a chick yes

fiat500: they cost me around $6k in unrealized profit

kakobrekla: scammers

Chaaang-Noi: lol kako dont you do bfx?

fiat500: they decided to deleverage usd on gox, so all of a sudden gox bids disappeared, and we were left with shitty bstp bids at 115

fiat500: when gox was at 123

kakobrekla: Chaaang-Noi ?

Chaaang-Noi: nevermind, sorry

kakobrekla: i do bit4x

Chaaang-Noi: right, sorry

kakobrekla: np

assbot: [MPEX] [S.MPOE] 2821 @ 0.0007028 = 1.9826 BTC [-]

assbot: [MPEX] [S.MPOE] 8979 @ 0.00070263 = 6.3089 BTC [-]

kakobrekla: i guess shorthand for it would be b4x then

fiat500: kakobrekla: their intent was to protect traders from themselves

Chaaang-Noi: all these 4 or 5 letter made up words that start with b blend together in my drug riddled mind

kakobrekla: :)

fiat500: as an exchange, please dont make decisions like that on my behalf

kakobrekla: fiat500 yep

fiat500: i am investing in a virtual currency and that is a risk in and of itself, i dont need a babysitter :P

kakobrekla: fiat500: kids, css, learning, teeth

kakobrekla: long version being kids with css skills that are learning their entrepreneurial skills on your teeth, originally ment for bitstamp guys

kakobrekla: but it applys everywhere

fiat500: LOL

fiat500: thanks for expanding

kakobrekla: thats why we are here

fiat500: thats what she said

fiat500: why did btct decide to use oauth for authenticated trades UGH

Chaaang-Noi: ?

fiat500: API

Chaaang-Noi: back at 122

Chaaang-Noi: we are more stable than i thought

truffles: :(

fiat500: LOL

Chaaang-Noi: why is that bad? oh you want to buy?

fiat500: truffles: short

fiat500: if you really feel its gonna drop

truffles: at current prices i prob should look into ltc

kakobrekla: he is not even in bitcoin economy

kakobrekla: just trolling around here

kakobrekla: when price will be 22 he will wait for 2

fiat500: hahaha

kakobrekla: and when its 2 he will wait for 0.2

truffles: only true believers allowed?

kakobrekla: no, we like bacon and eggs, you only bring spam

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99999 BTC [+]

truffles: :(

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.02024 BTC [-]

truffles: well at least we know kako isnt a Thelemite...

ThickAsThieves: fiat500 do you bot on BTCT?

fiat500: no i dont daytrade

fiat500: i just hate the web

ThickAsThieves: oh

Chaaang-Noi: i heart beer

ThickAsThieves: i was gonna mail you some ricin

ThickAsThieves: but now I won't

fiat500: lmfao

fiat500: thank you

ThickAsThieves: np

assbot: [HAVELOCK] [ASICM] 10 @ 0.0201512 = 0.2015 BTC [-]

ThickAsThieves: Chaang-Noi stop bidding on my damn auction! I wanna snipe it!

ThickAsThieves: https://bitcointalk.org/index.php?topic=209791.msg2202144#msg2202144

Chaaang-Noi: ?

Chaaang-Noi: what?

fiat500: bitcoin auctions?

truffles: ohyea what happened to German house

Chaaang-Noi: he never sold it

Chaaang-Noi: he said he did not get enought bids so he would not end up selling it

Chaaang-Noi: fucking scammer

assbot: [MPEX] [S.MPOE] 4321 @ 0.00070294 = 3.0374 BTC [+]

Chaaang-Noi: TAT what is the end time of the auction?

truffles: oh i thought he did another auctio

ThickAsThieves: 12hrs

Chaaang-Noi: he said he would, never did

Chaaang-Noi: TAT he wanted to change the time?

ThickAsThieves: too bad

Chaaang-Noi: TAT also how many are you after?

ThickAsThieves: depends on price

Chaaang-Noi: i was honestly thinking about buying all of them

ThickAsThieves: me too

error4733: http://www.reddit.com/r/Bitcoin/comments/1elfgj/zhoutonged_please_come_play_at_bitcoin2013/

Chaaang-Noi: lol

Chaaang-Noi: you can move them better than me

ThickAsThieves: maybe we can split em and just have one of us bid?

Chaaang-Noi: and i will be up in 12 hours

Chaaang-Noi: well, pm me

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.0202 = 0.101 BTC [-]

assbot: [HAVELOCK] [SDICE] 1 @ 0.2354 BTC [-]

assbot: [MPEX] [S.MPOE] 18442 @ 0.00070263 = 12.9579 BTC [-]

assbot: [MPEX] [S.MPOE] 1160 @ 0.00070126 = 0.8135 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 44 @ 0.0202 = 0.8888 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99999 BTC [-]

assbot: [BTCTC] [BASIC-MINING] 1 @ 0.451101 BTC [-]

assbot: [BTCTC] [BASIC-MINING] 2 @ 0.4511 = 0.9022 BTC [-]

assbot: [BTCTC] [BASIC-MINING] 5 @ 0.45 = 2.25 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 4 @ 0.020239 = 0.081 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 4 @ 0.0202 = 0.0808 BTC [-]

assbot: [HAVELOCK] [ASICM] 30 @ 0.01981 = 0.5943 BTC [-]

assbot: [HAVELOCK] [ASICM] 20 @ 0.01981 = 0.3962 BTC [-]

assbot: [HAVELOCK] [ASICM] 25 @ 0.01981 = 0.4953 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 1.99999 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.020239 = 0.1012 BTC [+]

assbot: [BTCTC] [COGNITIVE] 45 @ 0.234999 = 10.575 BTC [+]

assbot: [BTCTC] [COGNITIVE] 2 @ 0.234999 = 0.47 BTC [+]

assbot: [BTCTC] [COGNITIVE] 18 @ 0.235 = 4.23 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.99999 = 4 BTC [-]

assbot: [BTCTC] [GSDPT] 10 @ 0.00273 = 0.0273 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 37 @ 0.0202 = 0.7474 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 1.99999 = 4 BTC [-]

assbot: [HAVELOCK] [ASICM] 1 @ 0.019801 BTC [-]

assbot: [HAVELOCK] [ASICM] 124 @ 0.0198 = 2.4552 BTC [-]

jurov: !depth m s.mpoe

jurov: s.mpoe spread asstight, why?

assbot: depth is infinite.

assbot: [BTCTC] [ASICMINER-PT] 39 @ 1.99999 = 77.9996 BTC [-]

mircea_popescu: lol

jurov: 150k shares within 1% of price on both sides

mircea_popescu: um

mircea_popescu: 150k shares is nothing ?

jurov: if you check history, it was not so tight before

jurov: abruptly changed on May 11

mircea_popescu: i've never kept very close tabs on it

jurov: my paranoid hypothesis is someone spotted my bot which i relaunched on may 10 and is sniping it, but dunno why

assbot: [HAVELOCK] [ASICM] 150 @ 0.0198 = 2.97 BTC [-]

jurov: it was profiting nicely, now not so much and it annoys me

mircea_popescu: lol

mircea_popescu: well... so snipe it back

jurov: don't really see any pattern other than the spread

assbot: [BTCTC] [TAT.ASICMINER] 4 @ 0.020239 = 0.081 BTC [+]

jurov: assbot, it's you?

assbot: [HAVELOCK] [ASICM] 233 @ 0.0198 = 4.6134 BTC [-]

assbot: [HAVELOCK] [ASICM] 267 @ 0.02 = 5.34 BTC [+]

assbot: [BTCTC] [BTC-BOND] 100 @ 0.010098 = 1.0098 BTC [+]

assbot: [BTCTC] [PAJKA.BOND] 2 @ 0.108 = 0.216 BTC [-]

assbot: [MPEX] [S.MPOE] 4596 @ 0.00070126 = 3.223 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.035 = 6.105 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.078752 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.078752 = 4.1575 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.078752 BTC [+]

assbot: [HAVELOCK] [HIM] 1 @ 1.59 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 14 @ 0.020239 = 0.2833 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.078751 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.078751 = 6.2363 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.078752 = 8.315 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 5 @ 2.0788 = 10.394 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.079 = 4.158 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 8 @ 2.08 = 16.64 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 9 @ 2.088 = 18.792 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.089 = 6.267 BTC [+]

assbot: [HAVELOCK] [ASICM] 12 @ 0.02 = 0.24 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 16 @ 2.08999 = 33.4398 BTC [+]

error4733: https://twitter.com/adrjeffries/status/336202078936502273/photo/1

kakobrekla: fuck me :|

kakobrekla: why is pirate not there??1

kakobrekla: oh wait, he prolly is.

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.08995 = 8.3598 BTC [-]

kakobrekla: https://twitter.com/GoWestBTC/status/336203810722680832/photo/1

kakobrekla: O_o

assbot: [BTCTC] [TAT.ASICMINER] 32 @ 0.020239 = 0.6476 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 45 @ 0.02025 = 0.9113 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 3 @ 0.02035 = 0.0611 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 18 @ 0.02038 = 0.3668 BTC [+]

assbot: [BTCTC] [PAJKA.BOND] 5 @ 0.108 = 0.54 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.08995 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.08996 = 4.1799 BTC [+]

pizzaman1337: yeah, that was awesome

kakobrekla: how can that be awesome hes a scammer

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.088 = 4.176 BTC [-]

pizzaman1337: the musical performance was awesome

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.089 = 4.178 BTC [+]

kakobrekla: cause of all the "boooo"'s ?

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.08996 = 6.2699 BTC [+]

jurov: who's there?

assbot: [BTCTC] [ASICMINER-PT] 24 @ 2.08 = 49.92 BTC [-]

kakobrekla: pizzaman

assbot: [BTCTC] [ASICMINER-PT] 9 @ 2.08999 = 18.8099 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 28 @ 2.09 = 58.52 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.09 BTC [+]

assbot: [MPEX] [S.MPOE] 6921 @ 0.00070126 = 4.8534 BTC [-]

assbot: [MPEX] [S.MPOE] 8753 @ 0.00070121 = 6.1377 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020301 = 0.203 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.0203 BTC [-]

pizzaman1337: ("ZhouTonged" as in this group: http://www.youtube.com/watch?v=yc6Hp_Zq3rU )

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.019751 = 0.0988 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.019751 BTC [-]

assbot: [HAVELOCK] [ASICM] 21 @ 0.02 = 0.42 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.019751 BTC [-]

assbot: [BTCTC] [COGNITIVE] 1 @ 0.235 BTC [+]

assbot: [HAVELOCK] [VTX] 8 @ 0.4113 = 3.2904 BTC [-]

assbot: [HAVELOCK] [ASICM] 1 @ 0.020148 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.064201 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.099 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.099 = 6.297 BTC [+]

assbot: [HAVELOCK] [ASICM] 30 @ 0.020149 = 0.6045 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.1 = 8.4 BTC [+]

KRS1: LOL just bought a bunch on btc-e for $111.50

jurov: ;;ticker

gribble: BTCUSD ticker | Best bid: 120.50210, Best ask: 121.00000, Bid-ask spread: 0.49790, Last trade: 121.00000, 24 hour volume: 20083.67566340, 24 hour low: 119.50000, 24 hour high: 124.50101, 24 hour vwap: 121.95940

assbot: [BTCTC] [GSDPT] 20 @ 0.00273 = 0.0546 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020749 = 0.2075 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 20 @ 0.020749 = 0.415 BTC [+]

assbot: [HAVELOCK] [ASICM] 30 @ 0.02051 = 0.6153 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1 BTC [+]

assbot: [HAVELOCK] [ASICM] 14 @ 0.02051 = 0.2871 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1678 BTC [+]

truffles: soooo

ThickAsThieves: ^

ThickAsThieves: yeesh

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1679 BTC [+]

truffles: u were saying about sleep?

assbot: [HAVELOCK] [VTX] 1 @ 0.4113 BTC [-]

truffles: almost 5pm est

truffles: oh u meant that going up up up

assbot: [BTCTC] [ASICMINER-PT] 5 @ 2.1679 = 10.8395 BTC [+]

assbot: [HAVELOCK] [VTX] 2 @ 0.4113 = 0.8226 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.1699 = 4.3398 BTC [+]

assbot: [HAVELOCK] [ASICM] 30 @ 0.02 = 0.6 BTC [-]

assbot: [BTCTC] [S.DICE-PT] 9 @ 0.00274 = 0.0247 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.019812 = 0.1981 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.019812 = 0.0991 BTC [-]

ThickAsThieves: lol: https://bitcointalk.org/index.php?topic=80312.msg2203764#msg2203764

ThickAsThieves: Dooglus: "good news: whale is back

ThickAsThieves: bad news: he's kicking our ass"

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.149512 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.15 = 8.6 BTC [+]

kakobrekla: ftw http://i.imgur.com/ZmHekEI.png

assbot: [MPEX] [S.MPOE] 15839 @ 0.00070121 = 11.1065 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.149512 BTC [-]

assbot: [HAVELOCK] [ASICM] 2 @ 0.02 = 0.04 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.15 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.1699 = 8.6796 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1699 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 5 @ 2.1699 = 10.8495 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.16 = 4.32 BTC [-]

assbot: [BTCTC] [BITVPS] 1 @ 0.000697 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.020444 = 0.1022 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.100002 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.100001 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 110 @ 2.1 = 231 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.16 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020749 = 0.2075 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 95 @ 0.02075 = 1.9713 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 95 @ 0.020852 = 1.9809 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.16 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 25 @ 0.0209 = 0.5225 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 34 @ 0.020985 = 0.7135 BTC [+]

assbot: [MPEX] [S.MPOE] 1639 @ 0.00070121 = 1.1493 BTC [-]

assbot: [MPEX] [S.MPOE] 18700 @ 0.00070043 = 13.098 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020447 = 0.2045 BTC [-]

assbot: [MPEX] [S.MPOE] 2711 @ 0.00070043 = 1.8989 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.020984 BTC [+]

assbot: [BTCTC] [CRYPTO-TRADE] 1 @ 0.196 BTC [-]

assbot: [BTCTC] [CRYPTO-TRADE] 3 @ 0.1976 = 0.5928 BTC [+]

assbot: [BTCTC] [CRYPTO-TRADE] 7 @ 0.198 = 1.386 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 9 @ 0.020447 = 0.184 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 20 @ 0.020446 = 0.4089 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.100001 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 10 @ 2.1 = 21 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.1 BTC [-]

assbot: [HAVELOCK] [SDICE] 1 @ 0.2354 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.020444 BTC [-]

assbot: [BTCTC] [COGNITIVE] 1 @ 0.210011 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 5 @ 0.02001 = 0.1001 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.02001 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.02 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.025 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020967 = 0.2097 BTC [+]

assbot: [BTCTC] [COGNITIVE] 1 @ 0.234999 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 17 @ 0.020968 = 0.3565 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 8 @ 0.020101 = 0.1608 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 85 @ 0.0201 = 1.7085 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 9 @ 0.02 = 0.18 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.148994 BTC [+]

assbot: [MPEX] [S.MPOE] 15300 @ 0.00070155 = 10.7337 BTC [+]

assbot: [MPEX] [S.MPOE] 4321 @ 0.00070352 = 3.0399 BTC [+]

assbot: [MPEX] [S.MPOE] 4800 @ 0.00070374 = 3.378 BTC [+]

assbot: [MPEX] [S.MPOE] 629 @ 0.00070374 = 0.4427 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.14789 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.149 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.14787 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 1 @ 2.148752 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.149 = 6.447 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 4 @ 2.149 = 8.596 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 5 @ 2.148512 = 10.7426 BTC [-]

assbot: [BTCTC] [ASICMINER-PT] 3 @ 2.15 = 6.45 BTC [+]

assbot: [HAVELOCK] [ASICM] 10 @ 0.020478 = 0.2048 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 8 @ 0.020967 = 0.1677 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 500 @ 0.020967 = 10.4835 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 33 @ 0.020968 = 0.6919 BTC [+]

assbot: [HAVELOCK] [ASICM] 2 @ 0.020479 = 0.041 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.020985 = 0.2099 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 8 @ 0.020984 = 0.1679 BTC [-]

assbot: [HAVELOCK] [ASICM] 15 @ 0.020479 = 0.3072 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 479 @ 0.021152 = 10.1318 BTC [+]

assbot: [HAVELOCK] [ASICM] 30 @ 0.02049 = 0.6147 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 21 @ 0.021152 = 0.4442 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 512 @ 0.021252 = 10.881 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 500 @ 0.02133 = 10.665 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 70 @ 0.021352 = 1.4946 BTC [+]

assbot: [HAVELOCK] [ASICM] 25 @ 0.02094512 = 0.5236 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 10 @ 0.02121 = 0.2121 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 60 @ 0.0214 = 1.284 BTC [+]

assbot: [HAVELOCK] [ASICM] 30 @ 0.02094 = 0.6282 BTC [-]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.0214 BTC [+]

assbot: [HAVELOCK] [ASICM] 2 @ 0.02094512 = 0.0419 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 1 @ 0.0214 BTC [+]

assbot: [HAVELOCK] [ASICM] 100 @ 0.02094512 = 2.0945 BTC [+]

assbot: [BTCTC] [ASICMINER-PT] 2 @ 2.15 = 4.3 BTC [+]

assbot: [BTCTC] [TAT.ASICMINER] 17 @ 0.021396 = 0.3637 BTC [-]

assbot: [HAVELOCK] [ASICM] 250 @ 0.020498 = 5.1245 BTC [-]

assbot: [HAVELOCK] [ASICM] 20 @ 0.020479 = 0.4096 BTC [-]

assbot: [HAVELOCK] [ASICM] 12 @ 0.0204 = 0.2448 BTC [-]

assbot: [HAVELOCK] [ASICM] 1 @ 0.02093982 BTC [+]

savetheinternet: inventing a time machine atm

savetheinternet: to stop myself from selling asicminer shares at ~1.3

inhies: dude

inhies: dont sweat it

inhies: new favorite quote "nobody ever went broke taking a profit"

assbot: [BTCTC] [B.YABMC] 5 @ 0.016739 = 0.0837 BTC [-]

inhies: on that note, i still have all my shares :p

ThickAsThieves: nobody ever went broke selling for more than savetheinternet did

inhies: not true

inhies: could have sold for 1.5 but if you bought at 2...

ThickAsThieves: oh pshaw

savetheinternet: i bought at 0.8

savetheinternet: and i bought a LOT

savetheinternet: then sold at 1.2 because i thought that was extremely high

inhies: so, you win

inhies: you made a profit

inhies: stop acting like ThickAsThieves and crying about it