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1241  Economy / Speculation / Re: #bitcoin IRC log: A pirate leads a flock of sheep over a cliff. on: July 17, 2012, 06:26:00 PM
Has it even been confirmed that the user was the real Pirate?

I don't believe so.

Well, here's an unedited log from #btcst just now.

Quote
19:46 <jcpham> http://www.reddit.com/r/Bitcoin/comments/wpcdv/confused_about_the_7895_btcusd_bubble_answers/
19:46 <jcpham> you is fgamous now
19:47 <Clipse> this is sorta a reason ppl shouldnt discuss how they play the market
19:47 <Clipse> ppl requote it and eventually a ton of ppl who would buy btc just doesnt
19:47 <jcpham> i agree
19:47 <jcpham> let's all be xtra secretive
19:47 <farfi> isnt that what he wanted?
19:48 -!- zefir_ is now known as zefir
19:48 <jcpham> i wouldn't content to know anything
19:48 <jcpham> but I will say I am surprised
19:49 <Clipse> i dont know what he wanted
19:49 <farfi> nothing surprises me in bitcoin anymore
19:49 <Clipse> but if you want to make your edge as high as possible in any zerosum game
19:49 <Clipse> you give out as little information as possible
19:49 <jcpham> i agree
19:49 <jcpham> don't tell the plebes you are selling the estate
19:50 <farfi> but you could use disinformation
19:50 <jcpham> let the new owners tell them
19:50 <Clipse> lol this market is far too new for disinformation
19:50 <Clipse> any new potential bitcoin user reading that will shit their pants
19:50 <Clipse> and not look at bitcoin anymore
19:50 <Clipse> wether its true or not
19:50 <farfi> even not new users probably did Smiley
19:51 <pirateat40> The point I made yesterday was to show the general community that if someone want to wreck the market by playing it for greed we'd all be left holding the bag.
19:51 <jcpham> i get that
19:51 <jcpham> maybe most people are stupid and do not realize what happens when one person can control a large supply of coin
19:51 <Clipse> we all know what happens
19:51 <pirateat40> So until the market can stand on its own, there needs to be someone that can counter just anyone moving in.
19:51 <jcpham> you just outed yourself though
19:51 <Clipse> it turns into fiat
19:52 <jcpham> i suppose pirateat40
19:52 <Clipse> pirateat40 : thats fine
19:52 <Clipse> but you sit with potential issue now
19:53 <Clipse> if mtgox knows your mtgox account there is allways the potential of locking you out, market manipulation is illegal and since mtgox and various other exchanges now state they comply with this/that law, I would be very carefull about posting about this.
19:53 <pirateat40> My business isnt about rattling the trees of coins.  Its about keeping a steady price channel and making the money doing it.
19:53 <Clipse> they may just turn on the moral code switch
19:53 <jcpham> i think all the lenders know what is at stake by now
19:53 <jcpham> the non-lenders probably just got a wake up call
19:53 <jcpham> and don;t like it
19:55 <Clipse> im all for what you are doing thats not my concern, I just think you should play it in the shadows rather before some random person decides to kill your exchange accounts and taking everything with it.. This is a real possibilty based on how you trade.
19:55 <Clipse> Magicaltux even had the trade engine run on manual for a while due to your trades
19:55 <Clipse> they do that when they see potential trading anomolies
19:55 <Clipse> and well yeh none of us want you to go down heh.

http://pastebin.com/DZTh9w8T
1242  Economy / Speculation / Re: #bitcoin IRC log: A pirate leads a flock of sheep over a cliff. on: July 17, 2012, 04:52:15 PM
Boo on editing.

Hear ya. Feel free to upload a raw logfile for posterity.

Pirate is too small of a fish to control and direct the bitcoin market over the long run. He can try short term but longterm fail - as he has even already admitted.

And all those logs are neat and all...

But does anyone have a log with an IDENT in it for that pirate nick?

Otherwise it is just as likely that it was a random trolling the piss out of you...

The guy named pirateat40 in #bitcoin@freenode said "walls go up", walls went up.
When he said "time to sell", walls went down, thousands of bitcoins were sold, price went down.

The tickers from the log give some weak indication of this.

What one could do is correlate the timestamps with high volume insantaneous trades and orderbook history from gox.

Easy to see in real time, a lot of work to correlate after the fact.

If it's an impostor, it's a psychic impostor.
1243  Economy / Speculation / Re: #bitcoin IRC log: A pirate leads a flock of sheep over a cliff. on: July 17, 2012, 03:15:49 PM
Code:
<pirateat40> this was kind of like a training simulation.
<pirateat40> it will all make sense soon enough.

<pirateat40> crashed is != corrected.
<pirateat40> we don't want another bubble and my charts/triggers were screaming at me.

<proudhon> pirateat40, could you stop another "rally" if one were to ignite right now and buy up above $10?
<pirateat40> proudhon, i could take use to 1.80 if i needed to.

<pirateat40> There is no point in the last 7 months that I've not been in control of the market.

<pirateat40> Keep buying people...
<pirateat40> I'm just going to say this [one] time.... If you panic buy, you're going to lose.
<pirateat40> Yes, Everyone BUY
<pirateat40> GO!, NOW
<pirateat40> The more you buy the more I make.

<pirateat40> this is the first time ive ever played the market. It was simply a statement, I don't plan on making it part of my process. It's simply a warning.

<pirateat40> 80% is the people not in our tiny community.
<pirateat40> Im trying to make a point here.

<pirateat40> well guys, i think i've scared off the sellers. I'm tired and going to call it night and let the bots play. IRCFrEAK, im pulling the my wall and dumping.... Get ready!
1244  Economy / Speculation / #bitcoin IRC log: A pirate leads a flock of sheep over a cliff. on: July 17, 2012, 02:54:45 PM
Pirateat40 was feeling chatty during/after the rally/crash yesterday.

I've posted a partial IRC log to: http://pastebin.com/PthgrzDS

The logfile has been edited for brevity. This was done by removing whole lines of text that I felt was irrelevant.
The logfile contains the answers to many questions about yesterday's rally, and raises some new, unsettling questions.

Feel free to discuss and post interesting highlights.



1245  Economy / Trading Discussion / Re: Putting your money where Pirate's mouth is. on: July 17, 2012, 01:58:55 PM
he sure said it was him:
Bid wall has disappeared
<pirateat40> well guys, i think i've scared off the sellers. I'm tired and going to call it night and let the bots play.  IRCFrEAK, im pulling the my wall and dumping.... Get ready!


I'm going through the #bitcoin chatlog from yesterday.

Quote
04:31 <pirateat40> i take full responsibility.
04:39 <pirateat40> crashed is != corrected.
04:42 <pirateat40> we don't want another bubble and my charts/triggers were screaming at me.

There's a lot more. But it's a long and chaotic story, wherein the pirate causes a storm in the market.

He makes it quite clear through word and action that he alone was behind yesterday's crazyness.

This was not natural, and had nothing to do with KimDotCom.

Protip:
Quote
[2012-07-17 05:13:52] <pirateat40> I'm just going to say this time.... If you panic buy, you're going to lose.
1246  Economy / Speculation / Re: BTC will hit $8+ within one month of this thread. on: July 16, 2012, 09:32:01 PM
$10 in two weeks? doubt it but maybe. Crash to 4-5? Not a chance. I'll take that bet.

http://betsofbitco.in/item?id=500
1247  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: July 16, 2012, 04:06:05 PM
Amir wrote that he's already being sued before BadBitcoin announced anything, and that he does not know what will happen next.
This post has been deleted in the meantime, but it is being quoted here: https://bitcointalk.org/index.php?topic=93074.msg1027601#msg1027601

I have physical health problems and need to see a doctor, but haven't had the time. On the forums I'm called a scammer and repeatedly insulted. Someone is trying to sue us. My bank gave me crap and held my money. I was borrowing cash from friends and spent 3 days eating bad muesli and cheap milk. I lost a lot of code by accident. I put a lot of work into the bitcoin.org clients page to make everything fairer, and now it will be removed, helping to recentralise bitcoin again. Electrum maybe has a security flaw and Macs have random problems. The conference needs the CFP announced soon, but I have to deal with Bitcoinica first. My health is suffering and im getting headaches. Right now is the first time I'm feeling depression, and I'm a little worried because I've never had it before but my father did. I emailed a health professional and they advised me to seek help. I've started sleeping very long, being very lethargic and apathetic. When the Bitcoinica thing first happened, I was considering suicide until Tihan said he had the funds.

Ok, that's a bit scary. Someone needs to get in touch with genjix, make sure he's physically ok.

It's a bad situation, but certainly not one worth ending yourself over. This too shall pass.
1248  Bitcoin / Project Development / Re: [ANN] Bitcoin Vending Machine - Exchange Euro coins for Bitcoin (wallets) on: July 16, 2012, 03:50:29 PM
Currently the top link on Hacker News. Must be a slow day. ^^

I posted that, actually.  Smiley

I noticed. Smiley
1249  Economy / Speculation / Re: BTC will hit $8+ within one month of this thread. on: July 16, 2012, 03:28:36 PM
Good call.
1250  Economy / Speculation / Re: Rally!!!!! on: July 16, 2012, 03:19:55 PM
$8.20!!!!!!!!!!

FTFY.
1251  Bitcoin / Project Development / Re: [ANN] Bitcoin Vending Machine - Exchange Euro coins for Bitcoin (wallets) on: July 16, 2012, 02:41:19 PM

You'll find pictures at our backspace's blog (http://blog.maschinenraum.tk/bitcoin-vending-machine) and I am open to questions and feedback here.


Currently the top link on Hacker News. Must be a slow day. ^^
1252  Bitcoin / Bitcoin Discussion / Spanish stone house with 6000m2 property for sale on BitMit. on: July 16, 2012, 12:31:42 PM
Found this on Bitmit just now:

http://www.bitmit.net/en/trade/i/3852-house-of-stone-and-6000m2/description



Pretty awesome! It's a shame the auction expires in a few hours, doesn't look like this one'll get sold.
1253  Economy / Collectibles / Re: How would you like to design a bitcoin banknote? on: July 16, 2012, 02:47:21 AM

And here's a variation with a prominent mathematician:




here's another option with a Fibonacci seashell background.  Mike am I getting closer?




Cool designs! I realize these are early mock-ups, but I feel that using the portraits of people like Leonardo da Vinci and Albert Einstein is a bit pretentious.

It feels like one is trying to leach their status and wide recognition, since their work is wholly unrelated to Bitcoin and cryptography.

Instead, I would like to nominate Claude Shannon, alternatively Alan Turing for the portrait. Shannon and Turing were preeminent cryptographers, founders of the field of computer science, and widely recognized in name if not in portrait. As a third alternative, Charles Babbage has a copyright free portrait with the right dead president feel. He would not look too out of place on a 'bank note'.

In my opinion gsan's first fractal design looks the best, while bit-pay has the better layout.
1254  Economy / Currency exchange / Re: ฿TC for Ukash on: July 15, 2012, 10:01:03 PM
Still, 100 BTC < 1600 USD.
1255  Bitcoin / Bitcoin Discussion / Re: Bitcoin Nordic brings Bitcoin to 300M people in the Middle East and North Africa on: July 15, 2012, 09:01:47 PM
Beyond this, the English to Arabic translation could be a lot more jabberwacky.
Are you proficient in Arabic?

Not in the slightest.

I just assume the English-Danish translation is more likely to be sane and legible than the English-Arabic translation.

It's safe to say that machine translation between weakly related languages belonging to wholly different language groups fails in weird ways more often than, say German-English, or French-English translations. Re: farfiman's comment on the Hebrew version.

While the automated translation is unlikely to create a trustworthy and otherwise favorable impression, it's likely good enough to make it possible to understand and hence do business, if one is motivated in advance. So... Yay! Gotta start somewhere. Smiley
1256  Other / Beginners & Help / Re: Businesses or Services that Bitcoin could use on: July 15, 2012, 08:38:41 PM
-ebay like business
-bitcoin bank
-stock brokerage that uses bitcoins
-poker network that takes bitcoin
-electronics store that takes bitcoin
-IF every business right now were to accept bitcoin as currency
-buy travel tickets with bitcoins
-money exchange places that will take bitcoin

Got most of those covered already, sort of:

Bitmit - ebay like business
IBB - bitcoin bank
GLBSE (Well, you can't really buy AAPL or GOOG) - stock brokerage that uses bitcoins
Seals with Clubs - poker network that takes bitcoin
Memorydealers - electronics store that takes bitcoin
MTGOX and many others - money exchange places that will take bitcoin

This leaves:
-buy travel tickets with bitcoins

I get your point though, these are Bitcoin centered businesses which cater to Bitcoin specifically, and would likely fail outside the Bitcoin sphere. They are not a bunch of regular old businesses who have simply chosen to accept BTC as just another means of payment.

Getting some of those would be nice.

(Memorydealers could be an exception, but they seem to get a significant portion of their business from the Bitcoin community, so maybe not.)

1257  Bitcoin / Bitcoin Discussion / Re: Bitcoin Nordic brings Bitcoin to 300M people in the Middle East and North Africa on: July 15, 2012, 05:06:20 PM
I have a tech question how does the other than English language works is it automatic translation by Google, was it verified by some native speaker?
Yes, it's an automatic translation which we are looking to verify and correct in the future. However, I would guess that if you're living in the ME/NA region, and you can't read English, you are unlikely to know about Bitcoin in the first place. This, of course, needs to change.

That was quick. Cool. Smiley

I know Bitcointalk has a decent number of French and Hebrew proficient readers...

Do we also have French, Hebrew and Arabic people who could do some quick sanity testing of the automated translations?

Possible next step: Write a post recruiting people to have a quick read, and spot for babel-fishy, nonsensical or inconsistent translation. Translation failures could be posted to the thread, allowing the original English to be re-worded to avoid the problematic translations. Would such an approach be feasible?

The English to Danish translation seems usable, although the grammar is a bit off. The bad grammar makes it read a bit like a spam-email, which would make me a bit skeptical, if I had access only to the translated version. Beyond this, the English to Arabic translation could be a lot more jabberwocky.
1258  Bitcoin / Bitcoin Discussion / Re: Bitcoin Nordic brings Bitcoin to 300M people in the Middle East and North Africa on: July 15, 2012, 02:22:11 AM
Great! Anyone got English literacy rates for the region, or for specific cashU countries?
Table 4a - Literacy (I can't open the file right now, but this should contain what you're looking for. It's been a great resource for me in the past.)
  • Adult (15+) literacy rate, by sex
  • Youth (15-24) literacy rate, by sex

United Nations Statistics Division - Demographic and Social Statistics
I think that's the general literacy, not English literacy.

You may want to have a look at this: Wikipedia - List of countries by English-speaking population.

It seems very few people have English as a primary OR secondary language in the majority of countries on this list. I don't think it's too bold to assume that most English speakers would not, could not or should not buy things from - let's say - a Mandarin language website, no matter the product and price.
1259  Economy / Currency exchange / Re: ฿TC for Ukash on: July 14, 2012, 11:25:10 PM
https://bitcoinnordic.com/cashu/index.php
1260  Other / Off-topic / Re: Are you vaccinated? on: July 14, 2012, 11:04:50 PM

So its a virus that almost anyone can get and in most cases goes away with medical intervention?

There are very many strains of HPV, only some of which are linked with cancer.

Quote
Of the 150-200 types of HPV known,  15 are classified as high-risk types (16, 18, 31, 33, 35, 39, 45, 51, 52, 56, 58, 59, 68, 73, and 82), 3 as probable high-risk (26, 53, and 66), and 12 as low-risk (6, 11, 40, 42, 43, 44, 54, 61, 70, 72, 81, and CP6108). Types 16 and 18 are generally acknowledged to cause about 70% of cervical cancer cases. Together with type 31, they are the prime risk factors for cervical cancer.

The HPV vaccine immunizes against some of these strains. The lifetime risk of HPV is very high, the lifetime risk of getting cancer from HPV is very low, but real. If you die from cervical cancer, chances are it started with a preventable HPV infection. Perfect worldwide immunization would save some hundreds of thousand lives per year.

Quote
Human papillomavirus (HPV) infection appears to be a necessary factor in the development of almost all cases (90+%) of cervical cancer. HPV vaccines are effective against the two strains of this large family of viruses that currently cause approximately 70% of cases of cervical cancer have been licensed in the U.S, Canada, Australia, and the EU.

The vaccine is not perfect. Medicine does not run on magic.

Quote
Worldwide, cervical cancer is second most common and the fifth deadliest cancer in women. It affects about 16 per 100,000 women per year and kills about 9 per 100,000 per year. Approximately 80% of cervical cancers occur in developing countries. Worldwide, in 2008, it was estimated that there were 473,000 cases of cervical cancer, and 253,500 deaths per year.[59]

It should be abundantly clear that it's empathetically not a scam.

Sources:
http://en.wikipedia.org/wiki/Cervical_cancer
http://en.wikipedia.org/wiki/HPV_vaccine
http://en.wikipedia.org/wiki/HPV
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