1 2011-03-07 00:00:09 <JackRabiit> http://blockexplorer.com/address/1PT3YvvKnNqT1513Vs9dZ59eU1gq7xQADc Wow is doing this legal? he's got like 200comps solomining and dumping the funds to him, he's basically a gigantic pool of himself
  2 2011-03-07 00:00:20 <[Tycho]> Would be funny if coins were fully traceable up to generation :)
  3 2011-03-07 00:00:36 <joe_1> coins are fully traceable
  4 2011-03-07 00:00:39 <xelister> [Tycho]: coins are fully tracable up to generation.
  5 2011-03-07 00:00:50 <doublec> JackRabiit: there's nothing different from what that person is doing to what any of the pools are doing
  6 2011-03-07 00:00:54 <xelister> [Tycho]: makes you want to cancel all this heroin and pluton drugs, eh? ;)
  7 2011-03-07 00:01:02 <JackRabiit> Yeah i just thought about that actually
  8 2011-03-07 00:01:14 <[Tycho]> xelister, what about merging them ?
  9 2011-03-07 00:01:15 <JackRabiit> THE SMART BAS***D
 10 2011-03-07 00:01:24 <xelister> [Tycho]: doesnt help
 11 2011-03-07 00:01:31 <xelister> JackRabiit: no I DECLARE THIS ILLEGAL
 12 2011-03-07 00:01:42 <JackRabiit> huh?
 13 2011-03-07 00:01:46 <JackRabiit> what?
 14 2011-03-07 00:01:50 <xelister> under USA morallfag law code paragraph 82.51, anyone in possession of BTC is pedorist.
 15 2011-03-07 00:01:56 <JackRabiit> anyhow yeah i just realised how stupid what i just said was
 16 2011-03-07 00:02:05 <xelister> JackRabiit: "Wow is doing this legal? he's got like 200comps solomining
 17 2011-03-07 00:02:09 <JackRabiit> i guess im just Shocked at how this guy made 700BTC 15mins ago
 18 2011-03-07 00:02:14 <xelister> =)
 19 2011-03-07 00:02:20 <xelister> oh no he makes money
 20 2011-03-07 00:02:25 <xelister> deey toook our joooobs
 21 2011-03-07 00:02:44 <JackRabiit> OH WOW!!! LOL what i said was WAAAAY dumber than i tought it was
 22 2011-03-07 00:02:47 <JackRabiit> Holy crap!
 23 2011-03-07 00:03:03 <JackRabiit> THaaaaaaNKYOU Cpt.OBVIOUS
 24 2011-03-07 00:03:10 <xelister> aleays a plessure
 25 2011-03-07 00:03:32 <doublec> The MM should keep mining. it makes sense, strengthens the network and stops someone else from coming in and taking 40% of the network power.
 26 2011-03-07 00:03:46 <JackRabiit> Actually
 27 2011-03-07 00:03:49 <JackRabiit> As mean as it is
 28 2011-03-07 00:03:51 <JackRabiit> I agree
 29 2011-03-07 00:04:01 <molecular> as long as he's <50% it's all fine
 30 2011-03-07 00:04:46 <[Noodles]> convince as many people as possible to keep mining to avoid that
 31 2011-03-07 00:05:02 <xelister> what if then all chinese people agree to unite
 32 2011-03-07 00:05:04 <molecular> right: keep mining, people
 33 2011-03-07 00:05:19 <xelister> or ar 'asked to' by their 'friendly' almost as USA government
 34 2011-03-07 00:05:51 <gribble> theymos was last seen in #bitcoin-dev 2 hours, 25 minutes, and 44 seconds ago: <theymos> If he always uses that IP, then maybe he's just a Tor node himself.
 35 2011-03-07 00:05:51 <[Tycho]> ;;seen theymos
 36 2011-03-07 00:05:52 <molecular> as ArtForz put it once: above 50% you're basically competing against yourself
 37 2011-03-07 00:06:21 <molecular> or was it "effectively", I think
 38 2011-03-07 00:08:11 <mekel> if u type artforz in the interative google page, it adds bitcoin to the end
 39 2011-03-07 00:08:18 <molecular> maybe that 100Ghash/s drop a couple of days ago was MM doing an abort for some reason
 40 2011-03-07 00:08:20 <mekel> interactive*
 41 2011-03-07 00:08:40 <[Tycho]> Actually i think that combined coins cannot be separated.
 42 2011-03-07 00:08:52 <xelister> [Tycho]: all is fully tracable
 43 2011-03-07 00:09:06 <xelister> [Tycho]: we need to invest e.g. into BtcFn to resolved this (and also add mixing services there)
 44 2011-03-07 00:09:09 <[Tycho]> All, but you don't know, which ones.
 45 2011-03-07 00:09:25 <molecular> sipa, how often are your speed charts updated?
 46 2011-03-07 00:09:43 <xelister> [Tycho]: really it is very easy to trace by default.
 47 2011-03-07 00:10:10 <xelister> [Tycho]: google freenet on forums. bitcoin over freenet proposes a transport as par tof solution. Still mixing services would help
 48 2011-03-07 00:10:11 <sipa> molecular: every hour
 49 2011-03-07 00:10:40 <mekel> lawl
 50 2011-03-07 00:10:45 <mekel> artforz has his own wiki entry
 51 2011-03-07 00:12:18 <[Tycho]> xelister, how exactly ?
 52 2011-03-07 00:13:40 <larsig> is there a list of what mining networks are available and what hashrate % they contribute?
 53 2011-03-07 00:14:10 <sipa> "mining networks" ?
 54 2011-03-07 00:14:15 <[Tycho]> larsig, yes, in wiki.
 55 2011-03-07 00:14:24 <[Tycho]> He is talking about pools, i suppose.
 56 2011-03-07 00:14:31 <larsig> yes
 57 2011-03-07 00:15:02 <[Tycho]> I think that there are only one with open registration and it's mine :)
 58 2011-03-07 00:15:23 <[Tycho]> Bitpenny is working too, but registration is not needed :)
 59 2011-03-07 00:15:28 <slush> [Tycho]: afaik bitpenny is back in the game, too
 60 2011-03-07 00:15:53 <[Tycho]> Yes, i said it.
 61 2011-03-07 00:16:05 <slush> you was faster :)
 62 2011-03-07 00:16:30 <larsig> okay
 63 2011-03-07 00:16:35 <larsig> i think maybe that it would be a good idea to encourage people to join the pools in order to maintain fair competition
 64 2011-03-07 00:18:43 <slush> ;;bc,stats
 65 2011-03-07 00:18:50 <gribble> Current Blocks: 112407 | Current Difficulty: 55590.23763914 | Next Difficulty At Block: 112895 | Next Difficulty In: 488 blocks | Next Difficulty In About: 2 days, 2 hours, 1 minute, and 12 seconds | Next Difficulty Estimate: 77302.04751619
 66 2011-03-07 00:20:07 <doublec> larsig: I list them in my old pool page: http://www.bluishcoder.co.nz/bitcoin-pool/
 67 2011-03-07 00:20:46 <doublec> which is currently the #1 google hit for 'bitcoin pool' for me
 68 2011-03-07 00:21:00 <doublec> If only I could monetize that!
 69 2011-03-07 00:22:15 <larsig> im sure you could
 70 2011-03-07 00:23:00 <larsig> are you guys familiar with automatic payments with bitcoin? i am thinking about using the rpc interface to log transactions to my database, but i have some issues. some transactions have several payments for the same tx-id, and it makes it complicated for my system to recognize new transactions
 71 2011-03-07 00:23:01 <slush> http://bitcoinpool.org/
 72 2011-03-07 00:23:07 <slush> do you know this site?
 73 2011-03-07 00:23:55 <slush> lol, looks like the fairuser's pool
 74 2011-03-07 00:24:02 <doublec> slush: no, haven't seen that one
 75 2011-03-07 00:25:06 <[Tycho]> Wow, hidden unknown pool !
 76 2011-03-07 00:25:16 <[Tycho]> What a find.
 77 2011-03-07 00:25:50 <slush> no, geebus & fairuser are two well known figures :)
 78 2011-03-07 00:26:20 <[Tycho]> But i see this pool for the first time.
 79 2011-03-07 00:26:34 <doublec> I added it to my list
 80 2011-03-07 00:26:58 <doublec> fairuser was fairly good at criticising pool operators for not being fair
 81 2011-03-07 00:27:05 <[Tycho]> Not really fast, but they have some design and pictures on site :)
 82 2011-03-07 00:27:30 <slush> doublec: fairuser was wrong almost all the time
 83 2011-03-07 00:27:32 <[Tycho]> Join DeepBit, we have cookies ! :)
 84 2011-03-07 00:27:46 <doublec> slush: yep
 85 2011-03-07 00:28:07 <doublec> [Tycho]: for 1 btc I'll put you at the top of my list ;)
 86 2011-03-07 00:28:13 <slush> lol
 87 2011-03-07 00:28:31 <slush> currently tycho does not need ad
 88 2011-03-07 00:28:33 <doublec> (I kid, it's ghash sorted)
 89 2011-03-07 00:28:40 <slush> he is biggest pool with open registrations
 90 2011-03-07 00:30:44 <[Tycho]> Automatically refreshing http://bitcoinpool.org/faq.php is not so funny for readers...
 91 2011-03-07 00:31:30 <[Tycho]> Oh, i forgot about SEO. Should have put at least some keyworks on my main page :)
 92 2011-03-07 00:31:51 <[Tycho]> *keywords
 93 2011-03-07 00:32:32 <doublec> [Tycho]: buy some adworks. "Make money with your computer"
 94 2011-03-07 00:32:38 <doublec> s/adworks/adwords
 95 2011-03-07 00:32:58 <[Tycho]> I already did with my other pool.
 96 2011-03-07 00:33:53 <doublec> so you're the compute4cash person!
 97 2011-03-07 00:35:05 <doublec> seriously though, I have no idea who did that, but it was a clever idea
 98 2011-03-07 00:35:12 <[Tycho]> :)
 99 2011-03-07 00:46:55 <subpar> messing with their mod of poclbm - the bitcoinpool.org that is
100 2011-03-07 00:59:49 <phantomcircuit> who runs block explorer?
101 2011-03-07 01:00:12 <[Tycho]> ;;seen theymos
102 2011-03-07 01:00:15 <gribble> theymos was last seen in #bitcoin-dev 3 hours, 20 minutes, and 5 seconds ago: <theymos> If he always uses that IP, then maybe he's just a Tor node himself.
103 2011-03-07 01:00:18 <[Tycho]> He does.
104 2011-03-07 01:00:40 <PovAddict> ;;seen necrodearia
105 2011-03-07 01:00:49 <gribble> necrodearia was last seen in #bitcoin-dev 4 days, 2 hours, 47 minutes, and 4 seconds ago: * necrodearia changes nickname for convenience
106 2011-03-07 01:00:52 <phantomcircuit> it strikes me that he's missing a piece of information for the input of transactions
107 2011-03-07 01:00:57 <PovAddict> are there 3 bots in here? more?
108 2011-03-07 01:01:10 <luke-jr> one I think
109 2011-03-07 01:01:39 <PovAddict> there's gribble, bitbot, BCBot
110 2011-03-07 01:08:42 <gribble> gavinandresen was last seen in #bitcoin-dev 2 days, 3 hours, 13 minutes, and 18 seconds ago: <gavinandresen> luke-jr: https://github.com/bitcoin/bitcoin/pull/97
111 2011-03-07 01:08:42 <larsig> ;;seen gavinandresen
112 2011-03-07 01:19:50 <PovAddict> bitbot: nr
113 2011-03-07 01:19:52 <bitbot> PovAddict: "CurrentBlockCount( <br />\n<b>Warning</b>:  file(blocks) [<a href='function.file'>function.file</a>]: failed to open stream: No such file or directory in <b>/var/www/nullvoid.org/httpdocs/bitcoin/bc.php</b> on line <b>9</b><br />\n<br />\n<b>Warning</b>:  Invalid argument supplied for foreach() in <b>/var/www/nullvoid.org/httpdocs/bitcoin/bc.php</b> on line <b>10</b><br />\n<br
114 2011-03-07 01:19:53 <bitbot> PovAddict: />\n<b>Warning</b>:  fopen(blocks) [<a href='function.fopen'>function.fopen</a>]: failed to open stream: Permission denied in <b>/var/www/nullvoid.org/httpdocs/bitcoin/bc.php</b> on line <b>17</b><br />\n<br />\n<b>Warning</b>:  fwrite(): supplied argument is not a valid stream resource in <b>/var/www/nullvoid.org/httpdocs/bitcoin/bc.php</b> on line <b>18</b><br />\n<br (8 more messages)
115 2011-03-07 01:19:58 <PovAddict> it's broken
116 2011-03-07 01:20:04 <endian7000> ;;seen gribble
117 2011-03-07 01:20:05 <gribble> I have not seen gribble.
118 2011-03-07 01:20:14 <PovAddict> bitbot: seen gribble
119 2011-03-07 01:20:22 <lfm> he has a blind spot
120 2011-03-07 01:21:25 <endian7000> fun special cases... like http://www.downforeveryoneorjustme.com/downforeveryoneorjustme.com
121 2011-03-07 01:23:03 <doublec> heh, nice
122 2011-03-07 01:27:55 <mizerydearia> Gavin is now president of Bitcoin? from #bc-news:  Pres of Bitcoin Gavin Andresen, Posted to WITCOIN!!!, par  (Delicious/tag/bitcoin) http://bitcoin.witcoin.com/p/129/Making-Money--Gavin-Andresen--Ignite-Amherst
123 2011-03-07 01:39:34 <hazek> mizerydearia wtf
124 2011-03-07 01:39:38 <hazek> :)
125 2011-03-07 01:39:46 <mizerydearia> hmm?
126 2011-03-07 01:40:05 <hazek> [03:27] <mizerydearia> Gavin is now president of Bitcoin? from #bc-news:  Pres of Bitcoin Gavin Andresen, Posted to WITCOIN!!!, par  (Delicious/tag/bitcoin) http://bitcoin.witcoin.com/p/129/Making-Money--Gavin-Andresen--Ignite-Amherst
127 2011-03-07 01:40:16 <mizerydearia> hazek, what about it?
128 2011-03-07 01:40:40 <hazek> what is this about?
129 2011-03-07 01:40:44 <hazek> president of what
130 2011-03-07 01:40:51 <hazek> ? :)
131 2011-03-07 01:40:53 <hazek> who is that person
132 2011-03-07 01:41:03 <mizerydearia> hazek, Ah, you don't know who gavin is?
133 2011-03-07 01:41:20 <hazek> nope I'm still pretty new around her
134 2011-03-07 01:41:21 <hazek> here
135 2011-03-07 01:41:24 <mizerydearia> Check out the vide on front page of bitcoin.org
136 2011-03-07 01:41:28 <mizerydearia> video*
137 2011-03-07 01:41:47 <mizerydearia> Also, he is one of the very few core developers of Bitcoin, after Satoshi's initial lead.
138 2011-03-07 01:42:22 <hazek> ah i see
139 2011-03-07 01:42:32 <hazek> btw where is satoshi
140 2011-03-07 01:42:33 <hazek> or does no one know?
141 2011-03-07 01:42:57 <lfm> satoshi went into hiding back in mid december
142 2011-03-07 01:45:48 <xg0d> is there room with people that will help me set up gpu mining?
143 2011-03-07 01:46:03 <luke-jr> no
144 2011-03-07 01:46:07 <luke-jr> other than here
145 2011-03-07 01:46:08 <xg0d> bummer
146 2011-03-07 01:46:12 <Kiba> nope
147 2011-03-07 01:46:20 <luke-jr> but really, I don't get why anyone helps with that for free
148 2011-03-07 01:46:32 <luke-jr> since it's effectively helping competition make mining harder :P
149 2011-03-07 01:46:35 <xg0d> i understand
150 2011-03-07 01:46:54 <xg0d> like mining pools dont already do that enough. sheesh
151 2011-03-07 01:46:58 <luke-jr> xg0d: what video card btw?
152 2011-03-07 01:47:22 <xg0d> just a bs ATI Radeon HD 4250
153 2011-03-07 01:47:35 <xg0d> im not expecting much, just something better then 2 years to generate a block lol
154 2011-03-07 01:47:38 <lfm> Maybe we should declare mining full, no new miners needed
155 2011-03-07 01:47:41 <hazek> xg0d check out the forum
156 2011-03-07 01:47:58 <hazek> you should be able to quickly find instructions on how to set it up
157 2011-03-07 01:48:16 <hazek> http://www.bitcoin.org/smf/index.php?topic=3889.0;topicseen
158 2011-03-07 01:48:19 <bitbot> New pool with proportional and pay-per-share reward distribution, ~50 Gh/s
159 2011-03-07 01:48:23 <hazek> one pool example ^^
160 2011-03-07 01:48:54 <xg0d> thanks man =]
161 2011-03-07 01:49:21 <lfm> 4250? thats still pretty slow, your cpu might be better
162 2011-03-07 01:50:00 <xg0d> hell i just wanted better odds then never
163 2011-03-07 01:50:28 <lfm> ;;bc,calc 7000
164 2011-03-07 01:50:29 <gribble> The average time to generate a block at 7000 Khps, given current difficulty of 55590.23763914 , is 1 year, 4 weeks, 1 day, 18 hours, 32 minutes, and 1 second
165 2011-03-07 01:50:35 <xg0d> lul
166 2011-03-07 01:50:51 <xg0d> and in one years time, that 1 year will be 10 years
167 2011-03-07 01:50:54 <hazek> that's if you mine on your own
168 2011-03-07 01:51:07 <lfm> ;;bc,gen 7000
169 2011-03-07 01:51:08 <gribble> The expected generation output, at 7000 Khps, given current difficulty of 55590.23763914 , is 0.126655307894 BTC per day and 0.0052773044956 BTC per hour.
170 2011-03-07 01:51:10 <hazek> i get around 0.1 BTC in a mining pool with 4.5MHash/s
171 2011-03-07 01:51:10 <OneFixt> ;;pools
172 2011-03-07 01:51:11 <gribble> I do not know about 'pools', but I do know about these similar topics: 'pool'
173 2011-03-07 01:51:27 <OneFixt> ;;pool
174 2011-03-07 01:51:28 <gribble> Mining pools: http://mining.bitcoin.cz/ http://www.bitpenny.com/
175 2011-03-07 01:51:39 <lfm> 12 bitcents a day maybe if you join a pool
176 2011-03-07 01:52:45 <xg0d> i guess mining just isnt in my future
177 2011-03-07 01:52:57 <hazek> is there a page that keeps track of node statistics?
178 2011-03-07 01:53:09 <lfm> the 7000 is for a 4350 tho, I couldnt find a 4250
179 2011-03-07 01:53:22 <xg0d> prob not much better
180 2011-03-07 01:53:26 <xg0d> i mean worse
181 2011-03-07 01:53:42 <xg0d> either way with those odds, generation is impossible.
182 2011-03-07 01:54:37 <xg0d> well, close to. i could get lucky
183 2011-03-07 01:54:38 <doublec> .12 btc a day is better than no btc a day
184 2011-03-07 01:55:01 <xg0d> but .12 btc wouldnt equal out to the cost of electricity.
185 2011-03-07 01:55:48 <Kiba> ;;last davout
186 2011-03-07 01:55:49 <gribble> (last [--{from,in,on,with,without,regexp} <value>] [--nolimit]) -- Returns the last message matching the given criteria. --from requires a nick from whom the message came; --in requires a channel the message was sent to; --on requires a network the message was sent on; --with requires some string that had to be in the message; --regexp requires a regular expression the message must match; (1 more message)
187 2011-03-07 01:55:50 <xg0d> its cool with me, just means ill have to buy btc
188 2011-03-07 01:56:00 <gribble> davout was last seen in #bitcoin-dev 2 weeks, 3 days, 15 hours, 9 minutes, and 53 seconds ago: <davout> bbe hasn't been updated to latest client version then
189 2011-03-07 01:56:00 <Kiba> ;;seen davout
190 2011-03-07 01:56:39 <anatoly_l> ;;bc,stats
191 2011-03-07 01:56:39 <doublec> nickserv says davout was last on 1 week 5 days ago
192 2011-03-07 01:56:41 <gribble> Current Blocks: 112425 | Current Difficulty: 55590.23763914 | Next Difficulty At Block: 112895 | Next Difficulty In: 470 blocks | Next Difficulty In About: 1 day, 23 hours, 7 minutes, and 50 seconds | Next Difficulty Estimate: 77442.82731387
193 2011-03-07 01:57:08 <mizerydearia> Kiba, I see you haven't logged in to witcoin in almost a month, but still have a positive balance.
194 2011-03-07 01:57:33 <hazek> is there a page that keeps track of node statistics?
195 2011-03-07 01:57:47 <doublec> hazek: what do you mean by node statistics?
196 2011-03-07 01:57:56 <hazek> how many nodes are there
197 2011-03-07 01:58:00 <hazek> online atm
198 2011-03-07 01:58:09 <doublec> I don't think there's a way to know
199 2011-03-07 01:58:29 <doublec> but bitcoincharts.com and bitcoinwatch.com might be useful
200 2011-03-07 01:58:34 <mizerydearia> You can join #bitcoin on LFNet to get an idea of how many users there are
201 2011-03-07 01:58:36 <hazek> what about this: http://maps.google.com/maps?q=https://smsz.net/btcStats/bitcoin.kml
202 2011-03-07 01:58:45 <doublec> also bitcoinmonitor.com
203 2011-03-07 01:58:47 <mizerydearia> s/users/nodes/
204 2011-03-07 01:58:51 <hazek> i mean i can see the IPs but I'd like to see numbers
205 2011-03-07 01:59:18 <doublec> hazek: that still doesn't show everyone. There are people who don't connect via irc.
206 2011-03-07 01:59:22 <mizerydearia> 2936 in LFNet #bitcoin
207 2011-03-07 01:59:58 <hazek> ah ok
208 2011-03-07 02:00:00 <hazek> ty
209 2011-03-07 02:02:44 <lfm> some of my nodes only connect to my main node, not outside
210 2011-03-07 02:03:03 <doublec> same here
211 2011-03-07 02:11:24 <theymos> phantomcircuit: What info is BBE missing?
212 2011-03-07 02:11:47 <JFK911> ;;bc,mtgox
213 2011-03-07 02:11:48 <gribble> {"ticker":{"high":0.8999,"low":0.81,"vol":13757,"buy":0.846,"sell":0.89,"last":0.87}}
214 2011-03-07 02:12:04 <[Tycho]> Hello, theymos.
215 2011-03-07 02:12:19 <[Tycho]> theymos, http://blockexplorer.com/address/1KGXNEv93xtNpzbRCYGZ6kwqgSaVpKDJ4j
216 2011-03-07 02:16:13 <theymos> Well, I guess I now know why I picked that ordering originally... ;)
217 2011-03-07 02:20:47 <theymos> I just changed it back to "received first" ordering. Maybe I'll combine the balances when there are sends to self.
218 2011-03-07 02:22:31 <MDKing> Interesting headline for the script sig of the genesis block, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
219 2011-03-07 02:22:55 <phantomcircuit> theymos, sequence # for vin on txs
220 2011-03-07 02:23:17 <[Tycho]> theymos, :))
221 2011-03-07 02:24:05 <theymos> phantomcircuit: That's what I guessed you meant. :) They're always the same, so I don't show them. They will show up in rawtx when there's a non-default one. Once one exists that I can test with, I'll probably add it to the HTML.
222 2011-03-07 02:25:38 <[Tycho]> theymos, can you fix thousands separator again please ? :)
223 2011-03-07 02:25:54 <theymos> What's wrong with a comma?
224 2011-03-07 02:26:02 <[Tycho]> It looks like a comma.
225 2011-03-07 02:26:32 <[Tycho]> Comma is a decimal separator in some regions :)
226 2011-03-07 02:26:45 <[Tycho]> May be it will be better with space or apostrophe.
227 2011-03-07 02:27:49 <theymos> I've never seen an apostrphe used. A regular space is too wide, IMO. Commas are used in the US for thousands separators.
228 2011-03-07 02:28:09 <farzong> sup
229 2011-03-07 02:30:44 <xg0d> soup
230 2011-03-07 02:31:01 <lfm> sup on soup
231 2011-03-07 02:32:54 <farzong> i like lettuce
232 2011-03-07 02:40:18 <MDKing> Anyone familiar with the COutPoint class in the bitcoin client code? What's n?
233 2011-03-07 02:40:32 <MDKing> the lack of documentation is killing me
234 2011-03-07 02:40:39 <theymos> Previous tx hash and output index.
235 2011-03-07 02:41:02 <MDKing> Thanks
236 2011-03-07 02:41:03 <theymos> https://en.bitcoin.it/wiki/Dump_format#COutPoint
237 2011-03-07 02:41:10 <dirtyfilthy> it's kind of a pointless class really
238 2011-03-07 02:41:43 <dirtyfilthy> like, why not roll that up into TxOut
239 2011-03-07 02:42:27 <lfm> dirtyfilthy: thats in txin. there are typiclly different numbers of txin and txout
240 2011-03-07 02:44:43 <lfm> dirtyfilthy: it could be rolled into txin I spoze
241 2011-03-07 02:47:40 <dirtyfilthy> ah yeah sorry txin
242 2011-03-07 02:48:37 <lfm> It may be done that way for parameter passing so it can be passed in a 32 bit register by value
243 2011-03-07 02:54:09 <luke-jr> theymos: another score for tonal? :P
244 2011-03-07 02:54:25 <theymos> Why?
245 2011-03-07 02:56:20 <joe_1> the bitcoin code is enough to make anyone sick
246 2011-03-07 02:56:32 <joe_1> and every object is duplicated for whether it's on the disk or in memory
247 2011-03-07 02:56:49 <joe_1> class
248 2011-03-07 02:57:00 <lfm> joe_1: or on the net
249 2011-03-07 02:57:08 <farzong> #winning
250 2011-03-07 02:58:19 <dirtyfilthy> #tigerblood
251 2011-03-07 03:03:11 <noagendamarket> wtf ?
252 2011-03-07 03:03:33 <lfm> which wtf?
253 2011-03-07 03:03:49 <BurtyB> wtfbbq
254 2011-03-07 03:04:33 <lfm> oh wtf Keefe?
255 2011-03-07 03:04:56 <Keefe> :)
256 2011-03-07 03:05:09 <doublec> don't mind Keefe, noagendamarket. He's just stealing your identity.
257 2011-03-07 03:05:22 <Diablo-D3> that implies its worth stealing
258 2011-03-07 03:05:22 <noagendamarket> lol
259 2011-03-07 03:06:25 <lfm> unless he is just someone who stole Keefe's id
260 2011-03-07 03:06:53 <Keefe> you can check /whois
261 2011-03-07 03:07:20 <Keefe> i was demonstrating something, and picked noagendamarket. i trust he didn't mind too much
262 2011-03-07 03:07:43 <doublec> ;;gpg info keefe
263 2011-03-07 03:07:43 <gribble> Error: No such user registered.
264 2011-03-07 03:07:55 <doublec> ;;gpg info Keefe
265 2011-03-07 03:07:55 <gribble> User 'Keefe', with keyid 8BF5A807212607F0 and fingerprint 13B891C2886F41397B6EE0E58BF5A807212607F0, registered on Sun Mar  6 15:35:17 2011.
266 2011-03-07 03:08:36 <Keefe> was relevant in -otc, in case anyone's wondering
267 2011-03-07 03:09:14 <lfm> oic id theft ring running in -otc?
268 2011-03-07 03:09:59 <doublec> there's not enough drama going on in the bitcoin world so we have to make some
269 2011-03-07 03:10:11 <mmarker> Oh jesus.
270 2011-03-07 03:10:16 <Diablo-D3> that implies you wernt earlier
271 2011-03-07 03:10:21 <mmarker> I step away for a day, and I see the end of the wrold is nigh
272 2011-03-07 03:10:38 <mmarker> Are dogs and cats getting along in #bitcoin?
273 2011-03-07 03:10:41 <Kiba> so
274 2011-03-07 03:10:54 <Kiba> davout got hit by a bus or something similiar to that
275 2011-03-07 03:11:04 <noagendamarket> something like that
276 2011-03-07 03:11:07 <Kiba> curiously
277 2011-03-07 03:11:10 <Diablo-D3> really? same happened to satoshi
278 2011-03-07 03:11:11 <doublec> seized by french authorities perhaps
279 2011-03-07 03:11:22 <noagendamarket> maybe he just met a woman and hes holed up in  a hotel room lol
280 2011-03-07 03:11:39 <doublec> maybe all of the above
281 2011-03-07 03:11:40 <Kiba> Diablo-D3: he didn't show up after March 1
282 2011-03-07 03:11:48 <Kiba> people are trying to reach him and all
283 2011-03-07 03:11:52 <Diablo-D3> what was davout responsible for?
284 2011-03-07 03:12:04 <doublec> a bitcoin exchange
285 2011-03-07 03:12:09 <noagendamarket> bitcoin central
286 2011-03-07 03:12:12 <Diablo-D3> ahh
287 2011-03-07 03:12:19 <Diablo-D3> what country is he in?
288 2011-03-07 03:12:22 <jgarzik> KalyHost and davout are both in France.  Maybe MT took out the competition :)
289 2011-03-07 03:12:29 <doublec> haha
290 2011-03-07 03:12:49 <noagendamarket> lawl
291 2011-03-07 03:13:08 <mmarker> jgarzik: Oh, I'm fixing the pull request. Seems like F14's yasm is good as well
292 2011-03-07 03:13:28 <jgarzik> mmarker: cool
293 2011-03-07 03:13:33 <Kiba> jgarzik: MT is in Japan
294 2011-03-07 03:13:47 <noagendamarket> he is
295 2011-03-07 03:13:57 <jgarzik> Kiba: KalyHost is in France
296 2011-03-07 03:14:01 <Kiba> err
297 2011-03-07 03:14:03 <noagendamarket> his server might be in france tho
298 2011-03-07 03:14:06 <Kiba> freelancing gigs
299 2011-03-07 03:14:12 <jgarzik> noagendamarket: it is
300 2011-03-07 03:14:36 <noagendamarket> he probably doesnt want his server in  the same country he is in
301 2011-03-07 03:15:23 <Kiba> I don't know how to make my VPS ready to host rails app
302 2011-03-07 03:15:27 <Kiba> :/
303 2011-03-07 03:15:30 <Kiba> so it's kinda scary
304 2011-03-07 03:15:33 <Diablo-D3> step one: install rails
305 2011-03-07 03:15:46 <Kiba> Diablo-D3: I installed gems, rails, and all
306 2011-03-07 03:15:50 <Cusipzzz> what happened to bitcoin central ?? just saw some posts, i'm out of the loop
307 2011-03-07 03:15:54 <Diablo-D3> so whats the issue?
308 2011-03-07 03:16:06 <doublec> withdrawals aren't working
309 2011-03-07 03:16:12 <doublec> and davout isn't responding
310 2011-03-07 03:16:20 <mmarker> yea, I can deploy rails, and I'm an idiot.
311 2011-03-07 03:16:25 <Cusipzzz> ugh
312 2011-03-07 03:16:39 <Kiba> I have to install rails server and all
313 2011-03-07 03:16:40 <Diablo-D3> rails, although written in that god awful language of ruby, is supposed to be easy to use
314 2011-03-07 03:16:41 <Kiba> err
315 2011-03-07 03:16:49 <Kiba> I have to install nginx and all
316 2011-03-07 03:16:55 <mmarker> Kiba: nginx is simple
317 2011-03-07 03:16:57 <Diablo-D3> well, nginx or cherokee
318 2011-03-07 03:17:11 <mmarker> If you just want to vhost and proxy, it's stupid simple
319 2011-03-07 03:17:36 <mmarker> If you want to use that crazy ruby mod for nginx, you're on your own. I never got that to work
320 2011-03-07 03:17:50 <Kiba> so passenger isn't neccesary?
321 2011-03-07 03:17:54 <Diablo-D3> you're supposed to use rails as a fastcgi app, no/
322 2011-03-07 03:18:04 <mmarker> I use thin and rails + nginx
323 2011-03-07 03:18:21 <mmarker> Diablo-D3: there's about a bazillion ways to do it
324 2011-03-07 03:18:27 <Diablo-D3> well thats how I'd do it
325 2011-03-07 03:18:39 <Diablo-D3> no needing to fuck with the httpd directly, just set up usual fastcgi mojo
326 2011-03-07 03:18:43 <mmarker> fastcgi works, thin is pretty good.
327 2011-03-07 03:19:05 <mmarker> If you use mongrel, you need to be shot in the head, apparently.
328 2011-03-07 03:19:13 <Diablo-D3> lol mongrel
329 2011-03-07 03:19:37 <Aciid> is VPS sufficient enough to run rails apps?
330 2011-03-07 03:19:38 <mmarker> Or, if you're really lazy, use Heroku
331 2011-03-07 03:19:56 <Diablo-D3> I dont get why anyone would write an httpd in anything but C or Java
332 2011-03-07 03:20:20 <Kiba> maybe you're just an oddball, Diablo-D3
333 2011-03-07 03:20:43 <Diablo-D3> yeah, I like my software fast
334 2011-03-07 03:21:42 <Diablo-D3> those goddamned python and ruby freaks need to quit reinventing shit though
335 2011-03-07 03:21:49 <Diablo-D3> python: for those too lazy to learn how to program
336 2011-03-07 03:21:57 <Diablo-D3> ruby: for those too lazy to learn how to program in python
337 2011-03-07 03:26:02 <mmarker> grr, automake needs to be shot in the head
338 2011-03-07 03:27:03 <Diablo-D3> anyone who says that is probably doing it wrong
339 2011-03-07 03:27:06 <Keefe> Cusipzzz: http://www.bitcoin.org/smf/index.php?topic=4228.0
340 2011-03-07 03:27:08 <Diablo-D3> automake is rather straight forwards.
341 2011-03-07 03:27:21 <mmarker> Well, let me rephrase it
342 2011-03-07 03:27:39 <Cusipzzz> Keefe: just read that.. seems to have turned from random tech problems to no contact? ugh.
343 2011-03-07 03:27:45 <mmarker> autoconf and automake are fine, unless you want to do anything that isn't defined in their nice little macro set.
344 2011-03-07 03:28:13 <Diablo-D3> mmarker: automake doesnt have a "macro set"
345 2011-03-07 03:28:22 <Diablo-D3> and writing autoconf tests is damned easy, assuming you even need one
346 2011-03-07 03:28:39 <phantomcircuit> Diablo-D3, fastcgi hasn't been recommended for like 6 months
347 2011-03-07 03:28:42 <Keefe> does davout have any cred besides the fact he's posted like 800+ times on the forum?
348 2011-03-07 03:28:47 <Diablo-D3> phantomcircuit: uh, you fail.
349 2011-03-07 03:28:49 <phantomcircuit> Diablo-D3, practically ancient in asshat time
350 2011-03-07 03:28:55 <Diablo-D3> phantomcircuit: fastcgi is a years old standard.
351 2011-03-07 03:28:55 <Keefe> oh and shared the source for BC
352 2011-03-07 03:28:59 <MDKing> Diablo-D3, you forgot to comment on php programmers. You know the type that like their functions like do_stuff_now_or_die
353 2011-03-07 03:29:05 <mmarker> Diablo-D3: I do, but it's the slight dependence on variables that isn't that well documented which is what always irks me
354 2011-03-07 03:29:19 <Diablo-D3> MDKing: yeah, I dont know why php faggots justDontUseBumpyShit
355 2011-03-07 03:29:31 <phantomcircuit> Diablo-D3, uh what does that have to do with anything?
356 2011-03-07 03:29:34 <Cusipzzz> Keefe: no idea...not good
357 2011-03-07 03:29:34 <Diablo-D3> mmarker: all of them are documented
358 2011-03-07 03:29:42 <Diablo-D3> phantomcircuit: [11:21:42] <Diablo-D3> those goddamned python and ruby freaks need to quit reinventing shit though
359 2011-03-07 03:30:24 <phantomcircuit> Diablo-D3, the current suggested deployment mechanism is multiple single threaded http servers sitting behind a load balancer
360 2011-03-07 03:30:33 <phantomcircuit> which is actually a lot older than fastcgi
361 2011-03-07 03:30:34 <Diablo-D3> phantomcircuit: ... but thats retarded.
362 2011-03-07 03:30:36 <Diablo-D3> and
363 2011-03-07 03:30:41 <Diablo-D3> thats what ngnix basically is
364 2011-03-07 03:30:59 <Diablo-D3> nonblock rotates between all the fastcgi instances
365 2011-03-07 03:31:01 <phantomcircuit> yeah i use nginx as my load balancer
366 2011-03-07 03:31:34 <Kiba> oh boy, sore throat make it difficult for me to eat
367 2011-03-07 03:31:57 <Diablo-D3> Kiba: drink a soda first
368 2011-03-07 03:32:03 <Kiba> why?
369 2011-03-07 03:32:04 <Diablo-D3> it'll hurt like hell, but it numbs it a bit
370 2011-03-07 03:33:41 <Diablo-D3> I assume the fizzyness does it
371 2011-03-07 03:33:45 <Diablo-D3> either that, or the caffiene
372 2011-03-07 03:33:50 <mmarker> Fizzyness.
373 2011-03-07 03:34:05 <mmarker> The bubbles help numb the nerves by beating them to death
374 2011-03-07 03:34:14 <Diablo-D3> yeah, but caffiene is dark magic
375 2011-03-07 03:34:22 <mmarker> Also, the cold temperature of said soda also works
376 2011-03-07 03:35:28 <mmarker> caffeine is a low grade stimulant. Now if you want something to really numb the pain, phenol!
377 2011-03-07 03:35:35 <mmarker> Kiba: you're 6 amino acids short.
378 2011-03-07 03:35:38 <Kiba> the bitcoin economy is too small to support a full-time freelancing
379 2011-03-07 03:35:39 <MDKing> Kiba, try straight lemon or lime juice. I find that helps to numb things
380 2011-03-07 03:35:43 <Kiba> contemplate*
381 2011-03-07 03:35:54 <mmarker> Oh, you mean money.
382 2011-03-07 03:37:51 <phantomcircuit> Kiba, you need some lidocaine
383 2011-03-07 03:38:08 <mmarker> ahh, the caine family
384 2011-03-07 03:38:25 <phantomcircuit> also
385 2011-03-07 03:38:45 <phantomcircuit> how is getblocks even remotely useful
386 2011-03-07 03:39:00 <luke-jr> to implement block explorer :P
387 2011-03-07 03:39:14 <Diablo-D3> lidocaine, xylocaine, prilocaine, sugar cane....
388 2011-03-07 03:39:34 <phantomcircuit> luke-jr, you have to already know the last block AND the most likely termination points
389 2011-03-07 03:40:36 <phantomcircuit> well whatever im just going to walk the chain backwards one block at a time
390 2011-03-07 03:41:31 <mmarker> Or, everyone's favorite: methyl (1R,2R,3S,5S)-3- (benzoyloxy)-8-methyl-8-azabicyclo[3.2.1] octane-2-carboxylate
391 2011-03-07 03:41:40 <mmarker> Make it the salt for even more fun!
392 2011-03-07 03:42:05 <Diablo-D3> cocaine?
393 2011-03-07 03:42:25 <mmarker> Yup. You make the salt, and you get the freebase version
394 2011-03-07 03:42:52 <Diablo-D3> no, Pacman, drugs are bad!
395 2011-03-07 03:43:09 <mmarker> Look, what to you think chemists do when they get bored.
396 2011-03-07 03:43:12 <mmarker> 1 of 2 things
397 2011-03-07 03:43:15 <mmarker> Blow shit up
398 2011-03-07 03:43:17 <mmarker> Make shit
399 2011-03-07 03:43:34 <Diablo-D3> if they're lucky, both at the same time
400 2011-03-07 03:43:52 <Aciid> cheap-o AC for deepbit http://i.imgur.com/Y8Uod.jpg
401 2011-03-07 03:43:57 <Aciid> *bitcoin
402 2011-03-07 03:44:09 <[Tycho]> :)))
403 2011-03-07 03:44:10 <Aciid> jesus i get confused from the terms
404 2011-03-07 03:44:15 <Aciid> haha
405 2011-03-07 03:44:20 <mmarker> Heh. True. I dont want to know the number of times the bomb squad was called into the chem labs at my grad work
406 2011-03-07 03:44:23 <Diablo-D3> ....
407 2011-03-07 03:44:29 <Diablo-D3> Aciid: you are so doing it wrong.
408 2011-03-07 03:44:32 <Aciid> and no that's not mine.
409 2011-03-07 03:44:55 <Aciid> I was trying to find a picture of AC tubing from a window. and found that one
410 2011-03-07 03:46:02 <phantomcircuit> lolololol
411 2011-03-07 03:46:12 <phantomcircuit> Diablo-D3, eh i dont know
412 2011-03-07 03:46:17 <phantomcircuit> if you've got them why not?
413 2011-03-07 03:46:36 <mmarker> Those fans...so small compared to the room size
414 2011-03-07 03:46:51 <phantomcircuit> mmarker, shhh
415 2011-03-07 03:49:43 <Aciid> mmarker: but its cheap ;P
416 2011-03-07 03:50:17 <mmarker> I had an engineering professor tell me something once, on the topic of "partial credit"
417 2011-03-07 03:51:24 <mmarker> "You think the engineer of the Tacoma Narrows Bridge was told by his boss "well, it worked for 1/2 the time, a mostly good job""
418 2011-03-07 03:51:38 <mmarker> That photo kind of falls under that premise
419 2011-03-07 03:52:17 <bk128> :)
420 2011-03-07 03:52:46 <bk128> what's the combined cfm from those fans vs a normal 1.5' box fan?
421 2011-03-07 03:53:09 <Kiba> hmm
422 2011-03-07 03:53:12 <Kiba> good night
423 2011-03-07 03:53:17 <bk128> night
424 2011-03-07 03:53:35 <bk128> you might get more airflow through with just a screen instead of those fans and plywood :)
425 2011-03-07 03:54:22 <mmarker> bk128: also depends on the temperature gradient. You could be getting some decent diffusion via buoyancy changes.
426 2011-03-07 03:54:37 <mmarker> Course, that also means outside is cold
427 2011-03-07 03:55:17 <mmarker> jgarzik: new pull request in. Let me know if there's more changes.
428 2011-03-07 03:55:22 <mmarker> Need to drag the wife to bed
429 2011-03-07 03:57:55 <mekel> formaldahyde works great on my wife
430 2011-03-07 03:58:04 <mmarker> Urm.
431 2011-03-07 03:58:13 <mmarker> Formaldehyde?
432 2011-03-07 03:58:24 <mmarker> You probably mean chloroform
433 2011-03-07 03:58:25 <dirtyfilthy> hahaha
434 2011-03-07 03:58:40 <mmarker> Formaldehyde is a bit more... permanent.
435 2011-03-07 03:58:41 <dirtyfilthy> no i think he meant formaldehyde
436 2011-03-07 03:58:57 <mmarker> Well, it's got a nice odor.
437 2011-03-07 03:58:57 <x6763> ;;bc,stats
438 2011-03-07 03:58:59 <gribble> Current Blocks: 112441 | Current Difficulty: 55590.23763914 | Next Difficulty At Block: 112895 | Next Difficulty In: 454 blocks | Next Difficulty In About: 1 day, 21 hours, 16 minutes, and 26 seconds | Next Difficulty Estimate: 77487.53784256
439 2011-03-07 03:59:06 <mmarker> and it burns nicely in the lungs
440 2011-03-07 03:59:32 <dirtyfilthy> gets you so high you'll think you're in the hospital
441 2011-03-07 04:01:38 <mmarker> Wow, you people want to snort that? Go right ahead. More ethers for me!
442 2011-03-07 04:13:26 <luke-jr> ;;bc,calcd 265000 77487
443 2011-03-07 04:13:27 <gribble> The average time to generate a block at 265000 Khps, given the supplied difficulty of 77487, is 2 weeks, 0 days, 12 hours, 51 minutes, and 4 seconds
444 2011-03-07 04:13:45 <luke-jr> I need to resolve my pool issues soon :/
445 2011-03-07 04:49:14 <jgarzik> impressive.  mmarker's patch takes cpuminer on this intel machine from 2.2 Mhash/sec per thread to 3.8 Mhash/sec
446 2011-03-07 04:49:23 <jgarzik> (ufasoft's asm)
447 2011-03-07 04:51:34 <doublec> wow, nice
448 2011-03-07 04:57:27 <dazoe> how many free tranctions are suppposed to be in a block?
449 2011-03-07 05:00:03 <nanotube> ooh nice. i wonder if a similar efficiency gain is possible on the gpu. :)
450 2011-03-07 05:00:36 <dazoe> ok a block was just generated with 0 tranactions in it
451 2011-03-07 05:05:27 <nanotube> dazoe: i don't see it on blockexplorer...
452 2011-03-07 05:10:02 <dazoe> sorry, 1 transaction....
453 2011-03-07 05:10:45 <dazoe> i see many block with only 1 transation and i've been waiting for the past 3 blocks for a confermation
454 2011-03-07 05:11:50 <tcatm> are you waiting for 0.05 BTC from the faucet?
455 2011-03-07 05:14:50 <dazoe> no, i sent 0.05 to someone else
456 2011-03-07 05:15:55 <dazoe> i was watching bitcoin monitor and there is/was a lot of transations then a block was generated with just the one transation and no other transations... seems like a flaw.
457 2011-03-07 05:17:05 <Tril> bitcoin monitor shows unconfirmed transactions though
458 2011-03-07 05:18:10 <Tril> dazoe: are you connected to any peers?
459 2011-03-07 05:18:33 <dazoe> yeah.... of course.
460 2011-03-07 05:20:07 <tcatm> bitcoincharts shows unconfirmed transactions with their hash (and there are none currently)
461 2011-03-07 05:22:18 <dazoe> in the monitor channel i saw a lot of transation that haddn't mad it into a block and then i saw a block was generated look at the block on block explorer and saw a long list of transations but none were mine.....
462 2011-03-07 05:23:45 <dazoe> then there were more transations about 10-15 or so... and then a nother new block... check it and it had only the one transation... i guess what i'm getting at is what is to stop someone from generating blocks with only the 1 transation to pay them self...
463 2011-03-07 05:24:00 <tcatm> do you know the txid?
464 2011-03-07 05:25:37 <dazoe> of my transation? it was confirmed a while ago.
465 2011-03-07 05:26:53 <tcatm> oh I thought you were looking for a unconfirmed tx
466 2011-03-07 05:29:19 <dazoe> no i was wondering why a block was generated with only 1 tx where there were unconfirmed tx still waiting...
467 2011-03-07 05:30:41 <phantomcircuit> more likely explanation: the miner didn't give a fuck about your transactions
468 2011-03-07 05:31:31 <dazoe> phantomcircuit: nice language...
469 2011-03-07 05:31:47 <phantomcircuit> what
470 2011-03-07 05:31:55 <phantomcircuit> we're all adults here
471 2011-03-07 05:31:56 <phantomcircuit> i think
472 2011-03-07 05:33:38 <dazoe> so how about i start a botnet(for the cpu power) and run my own pool and generating block that only do the 50 btc to my self... that would probbaly cause some problems, IE having to wat over a fucking hour for a confirmation...
473 2011-03-07 05:34:27 <tcatm> that works until you can't send your own coins anymore
474 2011-03-07 05:34:44 <dissipate> haha
475 2011-03-07 05:34:44 <phantomcircuit> tcatm, could whitelist his own txs
476 2011-03-07 05:34:47 <dazoe> lol
477 2011-03-07 05:35:23 <dazoe> and generating a block with only one tx would be easier to generate cause it's smaller
478 2011-03-07 05:35:33 <tcatm> when someone understands the code well enough to whitelist their own tx they're probably wise enough to include other peoples tx so bitcoin as a whole gains value
479 2011-03-07 05:35:36 <phantomcircuit> dazoe, uh no, not at all
480 2011-03-07 05:36:05 <phantomcircuit> tcatm, possibly they've shorted BTC some how
481 2011-03-07 05:36:26 <[Tycho]> There is already patch for whitelisting
482 2011-03-07 05:36:56 <phantomcircuit> [Tycho], yeah but it doesn't block everybody elses :P
483 2011-03-07 05:37:39 <nanotube> dazoe: there's no gain to generating a block without tx. that's what the merkle tree is for.
484 2011-03-07 05:38:57 <dazoe> the only gain to making block with no tx would be to hurt bitcoin
485 2011-03-07 05:39:27 <phantomcircuit> dazoe, kind of my point
486 2011-03-07 05:39:43 <phantomcircuit> if you short BTC you could make money by knocking it offline
487 2011-03-07 05:41:01 <Silverpike> phantom: but in order to profit from shorting, the market has to be trading
488 2011-03-07 05:41:17 <Silverpike> you can't profit from an unavailable network
489 2011-03-07 05:42:09 <phantomcircuit> Silverpike, no but if trading became very difficult the value of a BTC would drop
490 2011-03-07 05:42:14 <nanotube> phantomcircuit: there are probably easier ways to disrupt the network, and cheaper, than bringing on a shitload of hashing power and not including tx.
491 2011-03-07 05:42:23 <phantomcircuit> you could then purchase BTC, and then stop the DoS attack
492 2011-03-07 05:42:36 <phantomcircuit> nanotube, oh no doubt indeed i can think of more than a few....
493 2011-03-07 05:42:50 <Silverpike> disruption of liquidity would not necessarily cause btc to drop
494 2011-03-07 05:42:56 <Silverpike> it would just increase the spread
495 2011-03-07 05:43:21 <Silverpike> trust me i know this from trading currencies
496 2011-03-07 05:43:46 <Silverpike> the main influence on price motion is an imbalance between buy & sell demand
497 2011-03-07 05:44:05 <Silverpike> if you simply suspend all demand at once, it won't create an imalance
498 2011-03-07 05:45:09 <phantomcircuit> Silverpike, you cant buy much with BTC other than fiat currencies
499 2011-03-07 05:45:14 <Silverpike> true
500 2011-03-07 05:45:18 <phantomcircuit> Silverpike, thus if you cant do that it has practically no value
501 2011-03-07 05:45:20 <Silverpike> but the same it true for gold
502 2011-03-07 05:45:33 <Silverpike> generally you can't buy useful things in gold
503 2011-03-07 05:45:46 <phantomcircuit> sure and if you could make it impossible to trade gold for currency you would short it
504 2011-03-07 05:45:48 <Silverpike> at least before the zombie apocalypse comes :p
505 2011-03-07 05:45:51 <phantomcircuit> but good luck with that :P
506 2011-03-07 05:46:47 <phantomcircuit> Silverpike, so indeed if you could stop all transactions BTC would likely plummet
507 2011-03-07 05:47:00 <phantomcircuit> want to see?
508 2011-03-07 05:47:01 <phantomcircuit> xD
509 2011-03-07 05:49:27 <OneFixt> phantomcircuit: it's not going to plummet - you'd have to sell it to someone for it to plummet =)
510 2011-03-07 05:49:37 <OneFixt> phantomcircuit: and you can't do that if transactions stop
511 2011-03-07 05:50:13 <phantomcircuit> OneFixt, i bet you that if i made it impossible to trade for a week, at the end of the week nobody would have any buy orders in
512 2011-03-07 05:51:00 <phantomcircuit> OneFixt, also because of the way the exchanges work you would actually be able to exchange btc for usd for a little bit
513 2011-03-07 05:51:01 <OneFixt> phantomcircuit: yeah, if you basically break the system then price goes to 0
514 2011-03-07 05:51:01 <Silverpike> as soon as the market came online, the open price would be determined by the total pending orders