This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-10-20 00:15:19] gladimor : What is funding?
[2016-10-20 00:15:46] BitMEX_Greg : When you are long or short a swap product you will be paying or receiving funding. Take a look at: https://www.bitmex.com/app/swapsGuide
[2016-10-20 00:16:00] BitMEX_Greg : Funding occurs every 8 hours at 04:00 UTC, 12:00 UTC and 20:00 UTC and these are the times at which payments are exchanged between the buyer and seller of the contract. You will only pay or receive funding if you hold a position at one of these times. If you close your position prior to the funding occurring then you will not pay or receive funding.
[2016-10-20 00:16:28] gladimor : This funding took 5 BTC of my originally 29 BTC balance
[2016-10-20 00:16:32] gladimor : Is this lending fees?
[2016-10-20 00:17:00] sleger : thank you for your donation
[2016-10-20 00:17:06] sleger : it is the equivalent
[2016-10-20 00:17:18] gladimor : That's ridiculous
[2016-10-20 00:17:33] BitMEX_Greg : gladimor: It is somewhat similar concept. You can take a look in your trading history: https://www.bitmex.com/app/tradeHistory
[2016-10-20 00:18:35] gladimor : So the lending fees for the day is 17%?
[2016-10-20 00:19:18] BitMEX_Greg : You can take a look at the funding history here: https://www.bitmex.com/app/fundingHistory
[2016-10-20 00:19:23] sleger : no, where do you see that ? @gladimor
[2016-10-20 00:19:44] gladimor : I was charged that @sleger
[2016-10-20 00:19:53] sleger : no you werent
[2016-10-20 00:20:00] gladimor : Yes I was.
[2016-10-20 00:20:17] sleger : show what you see
[2016-10-20 00:20:21] gladimor : One moment
[2016-10-20 00:20:24] arbitrage001 : you are using leverage with 29 btc balace?
[2016-10-20 00:20:26] sleger : but no you werent
[2016-10-20 00:21:17] gladimor : http://i.imgur.com/HxhtCtU.jpg
[2016-10-20 00:21:27] arbitrage001 : if you use 8-10 times leverage, 17% sound about right
[2016-10-20 00:21:48] gladimor : Yes I was using leverage in that range
[2016-10-20 00:22:08] sleger : well its the same on margin, rate is charged on the position value, not the collateral
[2016-10-20 00:22:32] sleger : max rates are about 1% per 8hr
[2016-10-20 00:22:45] gladimor : Is there any way to lend money on this exchange? This interest rate is extremely, extremely profitable
[2016-10-20 00:22:54] sleger : just take the opposite position
[2016-10-20 00:23:32] sleger : but i see it was on eth, be careful, funding inverses it goes from >0 to <0 so it keeps changing
[2016-10-20 00:25:07] arbitrage001 : we are at the mercy of market maker
[2016-10-20 00:25:17] arbitrage001 : they way it quote spread
[2016-10-20 00:27:13] gladimor : Is it possible to "snipe" funding?
[2016-10-20 00:27:19] gladimor : Like, sell before funding occurs?
[2016-10-20 00:27:29] arbitrage001 : gladimor: yes
[2016-10-20 00:27:33] gladimor : That's good
[2016-10-20 00:27:41] arbitrage001 : but price usually correct right after funding
[2016-10-20 00:27:55] arbitrage001 : price "jump"
[2016-10-20 00:28:06] gladimor : I guess I have to keep my day-trading windows within the 8 hours of funding
[2016-10-20 00:28:23] gladimor : Learned an expensive lesson today
[2016-10-20 00:28:24] sleger : price adjusts to compensate for funding
[2016-10-20 00:28:44] sleger : its just the price to provide leverage, but you can choose your side
[2016-10-20 00:35:18] rapidtrades : sleger: tell us more master
[2016-10-20 00:46:34] Dann : anyway to expedite the btc withdrawal or we all just need to wait 12 hours
[2016-10-20 00:46:40] rapidtrades : wait
[2016-10-20 01:02:31] mjones : lol xmr
[2016-10-20 01:02:52] mjones : that's what i get for closing at break even
[2016-10-20 01:10:24] rapidtrades : debate is ON
[2016-10-20 01:12:28] mjones : dang should have shorted XMR
[2016-10-20 01:32:39] laisee : any new shockers from debate?
[2016-10-20 01:33:35] habibi : actually first debate that Hillary is getting hilarious
[2016-10-20 01:38:17] laisee : she's getting cocky with all the good poll results?
[2016-10-20 01:38:19] mjones : last question is about fitness
[2016-10-20 01:39:07] laisee : The donald gets exercise running from creditors and chasing women, sometimes at the same time.
[2016-10-20 02:00:14] mjones : lol eth. cryptowatch is so slow as it eats up all the orders for 3 seconds before showing current price
[2016-10-20 02:10:35] habibi : settings-->scroll down-->throttle order book refresh -->0 ms
[2016-10-20 02:15:16] mjones : thanks. lets see how my computer holds up.
[2016-10-20 02:23:22] REKT : Liquidated short on `ETHXBT`: Buy 4 @ 0.01942
[2016-10-20 03:28:36] REKT : Liquidated short on `XBJ24H`: Buy 8000 @ 65996
[2016-10-20 03:29:50] messiaen8844 : what's happening with BTCJPY fturues mark prices?
[2016-10-20 03:30:12] messiaen8844 : sometimes mark price will change dramatically for a second, then come back
[2016-10-20 04:06:57] +1 : Relieve to see Clinton won the debate again. 3-0. Market agrees. ;)
[2016-10-20 04:36:03] AudibleScience : anyone want to guess when we'll hit $640 on xbtusd again?
[2016-10-20 04:36:45] AudibleScience : anyone even here?
[2016-10-20 04:36:58] chromaticcr1 : nope :P
[2016-10-20 04:37:23] chromaticcr1 : I am more interested in the time of next ADL
[2016-10-20 04:37:39] chromaticcr1 : And would I be asleep when it happens
[2016-10-20 04:38:57] AudibleScience : ADL is way better than DPE imho
[2016-10-20 04:39:06] chromaticcr1 : i agree
[2016-10-20 04:39:48] AudibleScience : how long have you been here?
[2016-10-20 04:40:06] chromaticcr1 : except that I would like to see more weighting on leverage
[2016-10-20 04:40:33] chromaticcr1 : a long time i guess, >1yr
[2016-10-20 04:41:34] AudibleScience : trading the 24h xbtusd instrument back when it was here then?
[2016-10-20 04:41:49] chromaticcr1 : yes, when things here were still quanto
[2016-10-20 04:41:56] chromaticcr1 : long degens gonna like them
[2016-10-20 04:42:59] +1 : AudibleScience: today. and likely before the week ends. sure before the 28th
[2016-10-20 04:45:35] AudibleScience : +1: lol look who's bullish on bitcoin, hope you're right man
[2016-10-20 04:46:13] AudibleScience : chromaticcr1: "long degens gonna like them" hehe what?
[2016-10-20 04:47:18] billyboy402 : is the RealisedPNL from each 8 hour interest payment , or is that the total of the day ( trading and Interest)
[2016-10-20 04:48:04] AudibleScience : billyboy402: both
[2016-10-20 04:48:49] billyboy402 : I think it the total earning on the day , i got 2 funding but it only show one RealisedPNL ..
[2016-10-20 04:49:57] AudibleScience : +1: or woman I guess? (although I think we pretty much have a sausage fest here no?)
[2016-10-20 04:50:26] billyboy402 : the last 2 funding was 0.34% + 0.31% but i brought extra ( double) befor the last settment . how come my earning was about the same
[2016-10-20 04:51:22] AudibleScience : billyboy402: when you doubled up did you do it as a taker or a maker?
[2016-10-20 04:51:56] +1 : AudibleScience: Sausageeeee! Haha
[2016-10-20 04:51:57] billyboy402 : i think taker , I paid a fee , but it was about 30 min before the funding cound down clock
[2016-10-20 04:52:59] AudibleScience : because your trading fee as a taker would also be coming out of that. That should work out correct then no?
[2016-10-20 04:53:25] billyboy402 : that is strande , on the Fee rate , is say i paid (-0.2939%) but on the history say that is should of been (-0.3105%)
[2016-10-20 04:53:55] billyboy402 : 016-10-20 07:00:00 ETHXBT Funding 1500 0.01898 -28.4700 XBT -0.4549% -0.129510 XBT
[2016-10-20 04:54:01] billyboy402 : and this one look higher
[2016-10-20 04:54:15] billyboy402 : 2016-10-20 15:00:00 ETHXBT Funding 2500 0.01933 -48.3250 XBT -0.2939% -0.142027 XBT
[2016-10-20 04:56:04] billyboy402 : i thought Bitmex doesnt charge fees . 0.3105% is not -0.2939%
[2016-10-20 04:56:50] AudibleScience : billyboy402: for that you'll have to ask an admin man. I don't know what that could be about.
[2016-10-20 04:59:04] AudibleScience : billyboy402: plus I'm not trading ETH atm
[2016-10-20 05:05:55] BitMEX_Wally : billyboy402: History of the funding rates is here: https://www.bitmex.com/app/fundingHistory
[2016-10-20 05:06:07] BitMEX_Wally : 0.2939% was the funding rate charged 1 hour ago
[2016-10-20 05:06:28] billyboy402 : oh that why .
[2016-10-20 05:07:05] billyboy402 : ok , why is it different from https://www.bitmex.com/app/index/.ETHXBTPI8H
[2016-10-20 05:07:08] BitMEX_Wally : You were short ETHXBT so you were paid
[2016-10-20 05:07:33] billyboy402 : yea that fine , i thought the history was from the index site
[2016-10-20 05:07:47] BitMEX_Wally : `.ETHXBTPI8H` is one component of the funding calculation, you can see an explanation of the calculation here: https://www.bitmex.com/app/contract/ETHXBT
[2016-10-20 05:08:48] BitMEX_Wally : Basically the premium rate is skewed by 0.05% towards the interest rate, which is why you see 0.3439% become 0.2939%
[2016-10-20 05:09:03] BitMEX_Wally : Remember, the rate is set 8 hours in advance
[2016-10-20 05:10:09] BitMEX_Wally : The 0.3105% premium index you quoted went into the calculation of the funding rate 0.2605% that will be charged in 7 hours
[2016-10-20 05:29:32] billyboy402 : BitMEX_Wally: oh i didnt know the rate was fix in advance , i thought it does the final calurlation and set it every 8 hours
[2016-10-20 05:30:43] billyboy402 : so if the price was below the index by alot , it wont inpack me until the next 8 hours ?
[2016-10-20 05:35:09] BitMEX_Wally : Yes
[2016-10-20 05:35:50] BitMEX_Wally : So for ETHXBT right now in the contract details it says: Funding Rate 0.2605% in 6 hours
[2016-10-20 05:36:25] BitMEX_Wally : So you know for sure what the funding rate will be and can adjust your trading accordingly
[2016-10-20 06:03:15] billyboy402 : BitMEX_Wally: do you het 100% of the funding if you open a poistion a min before the close ( timer) or do u need to hold it for the full 8 hours ?
[2016-10-20 06:08:49] chromaticcr1 : billyboy402: if you have a position during UTC time 12:00, 20:00, 4:00 sharp, you are subject to funding
[2016-10-20 08:01:15] REKT : Liquidated short on `XBTUSD`: Buy 55000 @ 626.69 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-10-20 08:02:06] chromaticcr1 : lol
[2016-10-20 08:43:18] martinium : Is REKT a bot that announces liquidations?
[2016-10-20 09:04:16] zanza : negative funding
[2016-10-20 09:09:08] wurstgelee : martinium: yes
[2016-10-20 09:15:25] Gr33d : Who decided to short BTC right after it just dumped, at 100x? :S
[2016-10-20 09:16:24] Gr33d : pro tip: Don't do that.
[2016-10-20 09:41:17] billyboy402 : hehe love ur pro tips
[2016-10-20 09:48:56] Gr33d : ;)
[2016-10-20 10:25:05] Boontjie : It was 8 bitcoins too, big bet
[2016-10-20 10:25:13] Boontjie : 0.8
[2016-10-20 10:31:26] clipperhawk : ,,,☺
[2016-10-20 11:50:30] billyboy402 : dont know why bot dont turn off there buy order when it so close to funding ..... your going to pay 0.26% in 10 min + paying broker fees to open the trade
[2016-10-20 11:51:01] billyboy402 : on ether
[2016-10-20 12:00:52] BitMEX_Wally : The bots will raise their prices by 0.26% after funding has been charged :)
[2016-10-20 12:03:11] billyboy402 : so in 8 hours we will pay 0.21% if we are long . regardless what happen to the price now
[2016-10-20 12:03:48] billyboy402 : I always thought the funding was veriable and change when the price was obove and below the index price
[2016-10-20 12:10:59] BitMEX_Wally : The funding is variable, there is just an 8 hour lag
[2016-10-20 14:47:58] martinium : wish there was more volume here
[2016-10-20 14:52:56] aromanov : hey guys
[2016-10-20 14:52:57] MrRGnome : That 8 hour lag creates some very counter intuitive price action. It's meant to incentivize market volume on the resistance side to keep price close to the mark price, but often in a given 8 hour period a trend will change, incentivizing volume on the wrong side of the orderbook creating divergence from the mark price.
[2016-10-20 14:54:06] Rado : MrRGnome: The divergence is small and it also gives you opportunity to get in on a trade
[2016-10-20 14:56:27] BitMEX_Greg : aromanov: Morning
[2016-10-20 14:57:12] MrRGnome : When it is working on the correct side of the orderbook, sure. When you have a 0.8%, 0.7%, and a 0.5% funding period one after another while the price is dropping 10% you end up with a very unbalanced orderbook and much higher mark price divergence.
[2016-10-20 14:57:18] BitMEX_Greg : MrRGnome: Yeah its hard to balance. We thought about doing smaller time frames but then it becomes too volatile. Longer timeframes and its too expensive and exaggerates the issue you are talking about
[2016-10-20 14:59:04] MrRGnome : BitMEX_Wally: You still kicking around? @BitMEX_Greg suggested you were the man with answers regarding the technical complexity of displaying the current per instrument insurance fund balance as well as competing technical priorities
[2016-10-20 14:59:39] BitMEX_Greg : MrRGnome: I know they have been discussing it yesterday. We should have some answer soon
[2016-10-20 15:00:50] MrRGnome : It's good to know it is getting attention, squeaky wheel gets the grease and all that.
[2016-10-20 15:32:19] Rado : 534 users
[2016-10-20 15:32:45] Rado : why so many join the chat, but never speak?
[2016-10-20 15:33:06] Rado : ?
[2016-10-20 15:33:18] BitMEX_Greg : Rado: Everyone joins the chat as they log into the site. Silent observers
[2016-10-20 15:33:26] Rado : ahh
[2016-10-20 15:33:28] MrRGnome : Everyone is shy.
[2016-10-20 15:33:30] Rado : that makes sense
[2016-10-20 15:33:43] Rado : forgot that you are automatically entered into the chat
[2016-10-20 15:34:04] Rado : it's a good indicator to see how many people are on
[2016-10-20 15:34:05] Rado : :-)
[2016-10-20 15:34:28] BitMEX_Greg : Would be interesting to see the correlation between the number of users and the price
[2016-10-20 15:34:45] BitMEX_Greg : or volatility
[2016-10-20 15:35:35] Rado : yes
[2016-10-20 15:35:38] Rado : also volume
[2016-10-20 16:01:13] dasdfasdf : Is there anything in the works here with hardware wallets?
[2016-10-20 16:06:19] BitMEX_Greg : dasdfasdf: Nothing yet, I'll bring it up with Sam and the others see what they think
[2016-10-20 16:19:46] Rado : Trezor and Bitstap teamed up to create a solution
[2016-10-20 16:19:51] Rado : Bitstamp
[2016-10-20 16:24:48] BitMEX_Greg : yeah saw that
[2016-10-20 16:27:52] REKT : Liquidated long on `XRP7D`: Sell 275000 @ 0.00001423
[2016-10-20 18:24:07] REKT : Liquidated long on `XRP7D`: Sell 65402 @ 0.00001422
[2016-10-20 20:26:52] REKT : Liquidated long on `ETHXBT`: Sell 66 @ 0.01912
[2016-10-20 21:45:08] billyboy402 : Can some one tell me the funding rate for. Eth . I can't see the rate on mobile
[2016-10-20 21:48:26] habibi : 0.157%
[2016-10-20 21:50:11] billyboy402 : Thx
[2016-10-20 21:50:48] billyboy402 : it slowly. Coming down next one will prob be -0.1
[2016-10-20 22:33:33] wurstgelee : quiet day in trolling biz
[2016-10-20 22:34:57] justinlooking : volatility is kill
[2016-10-21 00:18:43] martinium : Real quiet in here
[2016-10-21 00:25:36] martinium : Traders sleeping lol
[2016-10-21 00:28:23] Gr33d : zzz
[2016-10-21 00:32:51] laisee : wake me up 12 hours before ZEC lists.
[2016-10-21 02:05:02] martinium : Hehe that will be some good volatility
[2016-10-21 03:35:28] REKT : Liquidated short on `XBTUSD`: Buy 41 @ 629.01
[2016-10-21 03:35:28] REKT : Liquidated short on `XBTUSD`: Buy 54 @ 629.02
[2016-10-21 04:06:24] billyboy402 : opps ,. i mish i didnt market close that Eth order
[2016-10-21 04:15:35] mjones : isnt ZEC in 1 week
[2016-10-21 04:16:05] CaptainDean : i thnk so
[2016-10-21 05:45:36] XXXX : 1 week to ZEC launch. I hope ZEC shorters have enough funds to ride the fomo wave which will push ZEC price to parity at launch. My longs would hate to get ADLed in profit at 0.5 BTC just because the shorters are running out of funds.
[2016-10-21 08:14:50] Boontjie : XXXX: Or the shorters would get ADLed because your longs run out of funds
[2016-10-21 08:31:29] MCT : when contract expires, what is the strike price? mark price?
[2016-10-21 08:39:04] wurstgelee : read contract details
[2016-10-21 08:39:10] wurstgelee : everything there
[2016-10-21 14:45:17] wurstgelee : dead chat
[2016-10-21 14:45:22] mjones : yeah
[2016-10-21 14:45:32] mjones : surprised i woke up and could still see my message from before i went to bed
[2016-10-21 14:45:38] wurstgelee : oh, another one alive ;)
[2016-10-21 14:45:43] wurstgelee : yep, same
[2016-10-21 14:46:04] mjones : some movement in a few coins
[2016-10-21 14:46:16] mjones : xmr going down
[2016-10-21 14:46:44] wurstgelee : 7 days to zcash
[2016-10-21 14:46:51] mjones : pumped for that
[2016-10-21 14:47:00] wurstgelee : yes ;)
[2016-10-21 14:47:13] wurstgelee : nicely executed for an exit pump tho
[2016-10-21 14:49:00] mjones : lol xmr
[2016-10-21 14:49:06] wurstgelee : .01 is a dangerous area
[2016-10-21 14:49:13] wurstgelee : i dont touch it atm
[2016-10-21 14:49:24] mjones : as soon as i start talking about it someone market buys it up 2%
[2016-10-21 14:49:50] wurstgelee : yep
[2016-10-21 14:49:56] wurstgelee : thats what i was talking about ;)
[2016-10-21 14:51:58] martinium : China devalued CNY some more should have a positive effect on BTC these coming weeks
[2016-10-21 14:54:40] mjones : that's good news
[2016-10-21 14:59:08] BitMEX_Greg : Surprised that it hasn't flowed through to prices yet, this whole past week we have been seeing devaluations
[2016-10-21 15:00:30] Kalman : Nov 8th!
[2016-10-21 15:06:27] wurstgelee : BitMEX_Greg: same
[2016-10-21 15:07:08] BitMEX_Greg : Still, Bitcoin has been a bit lagged when it comes to devals
[2016-10-21 15:16:37] laisee : Calm b4 the fork, p'raps
[2016-10-21 15:17:25] wurstgelee : someone or some guys really want xmr to go up from here
[2016-10-21 15:18:04] Rado : I don't see the appeal of ZEC
[2016-10-21 15:18:09] wurstgelee : last hurrah before dump prior to zcash launch maybe
[2016-10-21 15:18:14] Rado : the only thing going for it is the small float
[2016-10-21 15:18:29] arbitrage001 : Rado: that is true for almost all alt coins
[2016-10-21 15:18:41] wurstgelee : truely anonymous transactions maybe? no premine? btc-like distribution curve
[2016-10-21 15:18:45] wurstgelee : to name some
[2016-10-21 15:18:46] Rado : arbitrage001: that's why I like BTC only
[2016-10-21 15:18:47] wurstgelee : no?
[2016-10-21 15:18:54] arbitrage001 : even for btc
[2016-10-21 15:19:11] arbitrage001 : to some extend
[2016-10-21 15:19:21] wurstgelee : also zooko has a name
[2016-10-21 15:19:28] wurstgelee : (thats the lead dev)
[2016-10-21 15:20:01] wurstgelee : if u dont see why zcash is different from other alts, u should do ur homework imo =)
[2016-10-21 15:20:14] BitMEX_Greg : Only issue with Zcash is that you won't be able to know if they are mining in the background that is not contributing to the total amount (I think)
[2016-10-21 15:20:42] wurstgelee : BitMEX_Greg: excess supply would be visible at once
[2016-10-21 15:20:48] arbitrage001 : wurstgelee: coin might be different, but human nature rarely change
[2016-10-21 15:21:04] arbitrage001 : and zcash it developed by human
[2016-10-21 15:21:09] arbitrage001 : is
[2016-10-21 15:21:10] BitMEX_Greg : wurstgelee: I remember reading somewhere that there was an issue with that though? Did they get a fix for it?
[2016-10-21 15:21:32] wurstgelee : it about some seeds or keys iirc
[2016-10-21 15:21:57] wurstgelee : iirc its theoretically possible they generate more keys than they say they do
[2016-10-21 15:22:33] wurstgelee : which would enable them to change network parameters without miners consent or something
[2016-10-21 15:22:58] arbitrage001 : how nice for the development team
[2016-10-21 15:23:30] wurstgelee : yeah, i recall reading how they are adressing the issue.
[2016-10-21 15:23:59] wurstgelee : i forgot the facts because it was late and a had a few glasses but i remember being atisfied with the info
[2016-10-21 15:24:01] wurstgelee : =)
[2016-10-21 15:24:07] wurstgelee : *s
[2016-10-21 15:25:00] BitMEX_Greg : Ok cool I will check it out again
[2016-10-21 15:41:56] Rado : first Zcash transactions
[2016-10-21 15:41:57] Rado : https://explorer.testnet.z.cash/tx/1c2a9faa81403643b8d17de905db64bb9c6e50a49ac9cc5688588d676efd5687
[2016-10-21 15:42:30] Rado : well first signed by Trezor
[2016-10-21 15:46:18] BigDaddyBigDick : someone should fill my order on zec
[2016-10-21 15:46:21] wurstgelee : so the ticker is TAZ
[2016-10-21 15:46:31] wurstgelee : or will be
[2016-10-21 15:46:49] wurstgelee : BitMEX_Greg: u should rename your ZEC to TAZ contracts ;)
[2016-10-21 15:47:20] wurstgelee : BigDaddyBigDick: hard to get longs filled there
[2016-10-21 15:47:30] wurstgelee : if u dont want to smash asks
[2016-10-21 15:47:36] wurstgelee : lots of hidden orders ;)
[2016-10-21 15:48:28] BigDaddyBigDick : wurstgelee: ya ive noticed aha been waiting so long. Someone wants me to buy at market :(
[2016-10-21 15:48:49] BitMEX_Greg : wurstgelee: What does the TAZ stand for?
[2016-10-21 15:49:02] wurstgelee : i didnt check
[2016-10-21 15:49:11] wurstgelee : truely anonymous zcash?
[2016-10-21 15:49:13] wurstgelee : no clue
[2016-10-21 15:49:15] wurstgelee : just a wild guess
[2016-10-21 15:49:16] wurstgelee : :p
[2016-10-21 15:50:16] wurstgelee : oh lol
[2016-10-21 15:50:23] wurstgelee : apparently thats only for testnet
[2016-10-21 15:50:25] wurstgelee : TAZ
[2016-10-21 15:50:26] wurstgelee : ;)
[2016-10-21 15:50:50] BitMEX_Greg : Yeah, thought it was a weird code to go with
[2016-10-21 15:50:57] wurstgelee : yep
[2016-10-21 15:51:00] wurstgelee : ZEC is correct
[2016-10-21 15:51:01] wurstgelee : nvm =)
[2016-10-21 15:51:31] BitMEX_Greg : NP thanks for the info tho
[2016-10-21 15:56:34] Rado : that was testnet?
[2016-10-21 15:56:40] Rado : didn't know either :-)
[2016-10-21 18:01:30] sleger : These JPY contracts are working very well
[2016-10-21 18:01:59] sleger : I see there have already been 3 trades since the 12pm utc thingy !
[2016-10-21 18:29:13] mjones : cant believe twitter is still down
[2016-10-21 18:31:46] justinlooking : where is it out?
[2016-10-21 18:35:47] mjones : not sure if it is everywhere
[2016-10-21 18:35:49] mjones : paypal is down too
[2016-10-21 18:37:15] sleger : i read it is only down for americans east coast
[2016-10-21 18:37:29] +1 : mjones: where in the world are you? twitter/paypal works fine for me
[2016-10-21 18:37:32] sleger : who are you going to vote for ? @mjones
[2016-10-21 18:37:55] BTCDJS : twitter is down for me in UK
[2016-10-21 18:39:50] mjones : lol
[2016-10-21 18:39:59] mjones : trump
[2016-10-21 18:40:14] mjones : but technically i'm not from USA
[2016-10-21 18:40:17] mjones : since USA people cant be on here
[2016-10-21 18:40:41] arbitrage001 : mjones: why trump?
[2016-10-21 18:40:47] arbitrage001 : not saying alternative is better
[2016-10-21 18:40:54] mjones : cause he's better than the other
[2016-10-21 18:41:06] arbitrage001 : why not stay at home and watch porn
[2016-10-21 18:41:07] BigDaddyBigDick : crazy russian hackers lol
[2016-10-21 18:41:17] BTCDJS : Ha Ha Ha! No he is an idiot
[2016-10-21 18:41:39] mjones : he knows the smart people
[2016-10-21 18:42:19] arbitrage001 : all politicians know smart people
[2016-10-21 18:42:30] arbitrage001 : being smart is pretty meaningless in modern world
[2016-10-21 18:42:31] BTCDJS : Makes no difference if his ego disagrees with them
[2016-10-21 18:43:03] BTCDJS : I suppose the empire had to end some day
[2016-10-21 18:43:21] BTCDJS : Would be a funny way to end
[2016-10-21 18:43:32] mjones : hillary will allow more people to come in and work tech jobs on the cheap which makes my life harder
[2016-10-21 18:43:38] BTCDJS : Can you imagine? lol
[2016-10-21 18:43:58] arbitrage001 : mjones: the alternative is outsourcing, equally bad
[2016-10-21 18:44:25] arbitrage001 : and the service industry
[2016-10-21 18:44:25] BTCDJS : mjones: I can't believe its come to a choice between those two.
[2016-10-21 18:44:28] arbitrage001 : will suffer
[2016-10-21 18:44:37] arbitrage001 : cant even work as waitress or waiter
[2016-10-21 18:44:39] mjones : the crime is getting worse and the effects of the crime - looting and shit is from the hillary camp
[2016-10-21 18:45:18] arbitrage001 : looting and shit are usually from welfare receipients
[2016-10-21 18:45:23] arbitrage001 : children of them
[2016-10-21 18:45:28] mjones : because all the jobs left
[2016-10-21 18:45:47] BTCDJS : Yeah I'm not advocating hillary. but at least with her it will be same as its always been to tied US over until next election
[2016-10-21 18:46:02] mjones : grow up and become a factory worker cause you're not that smart
[2016-10-21 18:46:14] mjones : but a lot of those jobs left
[2016-10-21 18:46:21] mjones : or mexicans do it on the cheap
[2016-10-21 18:46:50] mjones : go to atlanta during the day and you'll be like doesn't anyone work...
[2016-10-21 18:47:27] BTCDJS : neo capitalism is to blame
[2016-10-21 18:47:36] arbitrage001 : all of them get support from government?
[2016-10-21 18:48:37] mjones : 35% of americans get welfare according to a 2013 report
[2016-10-21 18:49:25] mjones : unemployment number is sky high because they stop counting you after so many months
[2016-10-21 18:49:41] mjones : they say like 7% when it's way higher
[2016-10-21 18:50:16] arbitrage001 : mjones: there is no riot on the street?
[2016-10-21 18:50:55] arbitrage001 : what do you do?
[2016-10-21 18:50:57] mjones : that's the thing. the media is so much in bed with the government we the people don't really know what is going on. they only tell us what they want us to know
[2016-10-21 18:51:04] mjones : computer networking
[2016-10-21 18:51:27] arbitrage001 : and company refuse to hire american?
[2016-10-21 18:51:41] BTCDJS : mjones: You mean Us figuratively right? Cos ur not in the US
[2016-10-21 18:51:43] mjones : no they will hire americans too
[2016-10-21 18:51:45] BTCDJS : wink
[2016-10-21 18:51:59] mjones : wink wink
[2016-10-21 18:52:12] mjones : but a lot of indians
[2016-10-21 18:52:21] mjones : who try to marry so they can stay in america
[2016-10-21 18:52:38] mjones : almost fell in that trap
[2016-10-21 18:52:42] arbitrage001 : you should try to exploit the system
[2016-10-21 18:52:56] arbitrage001 : i know i would if i am in your shoes
[2016-10-21 18:53:08] mjones : i wish i knew how
[2016-10-21 18:53:14] mjones : i would love to get a welfare check every month
[2016-10-21 18:53:16] mjones : or food stamps
[2016-10-21 18:55:28] mjones : anyone watch the donald trump rallies?
[2016-10-21 18:55:41] BTCDJS : By the by. What is a food stamp? how does it work? Is it like a currency?
[2016-10-21 18:55:42] arbitrage001 : nope
[2016-10-21 18:56:53] mjones : food stamps is like a credit card that you can only buy food with from places that accept your card
[2016-10-21 18:57:10] mjones : so often time you have people selling $100 worth of food stamps for $60 cash
[2016-10-21 18:57:25] mjones : so they can buy what they want
[2016-10-21 18:57:26] arbitrage001 : is it easy to get food stamp?
[2016-10-21 18:57:54] arbitrage001 : 40% margin business, must be nice
[2016-10-21 18:58:16] arbitrage001 : you should trade food stamp rather than bitcoin
[2016-10-21 18:58:27] BTCDJS : lol
[2016-10-21 18:58:44] mjones : yeah very hard. you gotta basically not be working to qualify
[2016-10-21 18:59:04] mjones : or i guess very easy if you are a lazy sack of shit that doesnt do anything
[2016-10-21 18:59:06] BTCDJS : till you get caught! Wouldn't like to go to their jails or prisons
[2016-10-21 19:00:02] mjones : like the job i had before i barely made enough for myself to get by. i would have needed 3 kids to qualify for food stamps.
[2016-10-21 19:02:01] arbitrage001 : so
[2016-10-21 19:02:11] arbitrage001 : being in US is not all rosy
[2016-10-21 19:02:12] arbitrage001 : ?
[2016-10-21 19:02:16] mjones : right
[2016-10-21 19:02:18] arbitrage001 : like movie portrait
[2016-10-21 19:02:29] arbitrage001 : attractive girls and beach
[2016-10-21 19:02:30] mjones : like amazon is trying something new out where they don't hire full time if they can help it
[2016-10-21 19:02:44] mjones : because shit is so crazy that it is cheaper to try doing that
[2016-10-21 19:03:13] mjones : media all the way to the BBC and shit should not be watched
[2016-10-21 19:03:31] arbitrage001 : you mean only watch bbc?
[2016-10-21 19:03:31] mjones : cities in the usa are going bankrupt and needing bailouts
[2016-10-21 19:03:42] arbitrage001 : or bbc not to be trusted?
[2016-10-21 19:03:47] mjones : i mean the bbc news is just as bad as the american news media
[2016-10-21 19:04:09] mjones : the big news medias are just PR machines for the government
[2016-10-21 19:04:13] mjones : to make them look better
[2016-10-21 19:04:44] arbitrage001 : middle class is wipe out?
[2016-10-21 19:04:52] arbitrage001 : i know where i live is
[2016-10-21 19:04:56] arbitrage001 : malaysia
[2016-10-21 19:05:02] arbitrage001 : only rich, and poor
[2016-10-21 19:05:04] arbitrage001 : no middle
[2016-10-21 19:05:20] mjones : it is. but partly because people don't know how to live with a budget nor know the best way to manage their money
[2016-10-21 19:05:32] mjones : but also because wages dont go up and people want more stuff
[2016-10-21 19:05:55] mjones : and then dont even get me started on obamacare
[2016-10-21 19:06:03] mjones : that's killing peoples wallets too
[2016-10-21 19:06:06] arbitrage001 : free health care?
[2016-10-21 19:06:19] mjones : we gotta pay / have it cause it's the law
[2016-10-21 19:06:44] mjones : like $65 a month for the cheapest for me
[2016-10-21 19:06:54] mjones : and it doesnt cover much so if i get hurt i'm screwed anyways
[2016-10-21 19:07:01] arbitrage001 : o
[2016-10-21 19:07:05] arbitrage001 : was going to say not that bad
[2016-10-21 19:07:06] mjones : for some people it is like $700 a month going to $1800 a month
[2016-10-21 19:07:14] arbitrage001 : cuz major operation cost a ton
[2016-10-21 19:07:19] mjones : cause they have families and make enough that they should be able to afford it
[2016-10-21 19:07:42] mjones : and it's just getting jacked up because of how little competition there is
[2016-10-21 19:08:02] arbitrage001 : free money for insurance company?
[2016-10-21 19:08:09] mjones : basically. they are making bank
[2016-10-21 19:08:15] mjones : same with pill prices / other medicine
[2016-10-21 19:08:27] arbitrage001 : who benefit in the US if many suffering?
[2016-10-21 19:08:27] mjones : because no one will stop them because the government is in on it
[2016-10-21 19:08:40] mjones : other countries
[2016-10-21 19:08:59] mjones : which is where all the money is coming from. people pay hillary clinton for favors
[2016-10-21 19:09:31] mjones : because if the US doesnt have jobs and crime all the money / companies / jobs will move elsewhere
[2016-10-21 19:09:56] arbitrage001 : most 3rd world suffering now also
[2016-10-21 19:10:05] arbitrage001 : even 2nd world
[2016-10-21 19:10:11] arbitrage001 : so
[2016-10-21 19:10:12] mjones : yeah cause all the money is being hoarded
[2016-10-21 19:10:20] arbitrage001 : wont call other countries benefiting from the system
[2016-10-21 19:10:38] mjones : countries maybe not but US is the highest taxed
[2016-10-21 19:10:43] mjones : so businesses are better off leaving
[2016-10-21 19:10:53] mjones : and money isn't coming back into the US because of the high tax
[2016-10-21 19:11:09] mjones : but companies can dump their product on the US for us to buy
[2016-10-21 19:11:31] arbitrage001 : market will dry up if no one has money
[2016-10-21 19:11:53] mjones : if you read zerohedge their dooms day shit is spooky
[2016-10-21 19:12:09] arbitrage001 : not that accurate
[2016-10-21 19:12:17] arbitrage001 : zerohedge mostly try to stir up shit
[2016-10-21 19:12:21] sleger : zerohedge has been predicting the end of the world since they started writing
[2016-10-21 19:12:23] arbitrage001 : from the few articles i read
[2016-10-21 19:12:44] mjones : yeah and i believe shit has been able to be kicked down the road for many years
[2016-10-21 19:12:55] sleger : even at 1200 they said to short s&p, it will only get much worse
[2016-10-21 19:13:00] sleger : well, good trade...
[2016-10-21 19:14:23] mjones : i think Bitcoin has changed how people will look at things. why keep bailing banks out when people may just move to or something like Bitcoin
[2016-10-21 19:14:29] arbitrage001 : microsoft was making new high yesterday
[2016-10-21 19:14:39] arbitrage001 : 17 years high
[2016-10-21 19:14:53] arbitrage001 : wonder what product they sold
[2016-10-21 19:14:53] mjones : maybe because microsoft bought linkedin
[2016-10-21 19:15:00] arbitrage001 : well
[2016-10-21 19:15:06] arbitrage001 : you need to buy something of value
[2016-10-21 19:15:08] mjones : Microsoft reports rising revenues thanks to Office, Surface, and cloud services
[2016-10-21 19:15:21] mjones : i guess more people moving to the cloud
[2016-10-21 19:15:35] mjones : and moving towards the surface instead of laptops / desktops
[2016-10-21 19:15:43] arbitrage001 : i dont think anyone i know use cloud other than the one from apple
[2016-10-21 19:16:11] mjones : people are trying to make it so you are using the cloud but you'll never know
[2016-10-21 19:18:15] mjones : this is why i think an anonymous coin will do well
[2016-10-21 19:18:31] mjones : or multiple anon coins
[2016-10-21 19:18:51] mjones : cause keeping your money in multiple anon coins just incase something happens
[2016-10-21 19:18:58] arbitrage001 : too many crooks work on crypto industry
[2016-10-21 19:19:05] mjones : dash, xmr, sdc, zec
[2016-10-21 19:26:06] mjones : xmr hit the 50% retracement point and bounced
[2016-10-21 19:34:36] mjones : in b4 some xmr whale decides to randomly dump 20k killing the rally
[2016-10-21 19:39:40] martinium : bitcoin hopefully pumps beyond $700 in next few weeks
[2016-10-21 19:42:38] Kalman : martinium: selling that till Nov 8th
[2016-10-21 19:43:30] Kalman : but who knows with polls in favor for Clinton
[2016-10-21 19:56:39] martinium : I hope that demon doesn't win
[2016-10-21 19:56:52] martinium : the fact she is still running is ridiculous
[2016-10-21 19:57:22] Kalman : martinium: whats the deamon for you?
[2016-10-21 19:57:38] martinium : Clinton i evil
[2016-10-21 19:57:41] martinium : is*
[2016-10-21 19:57:52] Kalman : ;)
[2016-10-21 19:59:25] Kalman : lets see; Obama suppoted Remain and failed ... and polls are another thing.
[2016-10-21 20:01:35] martinium : polls are nonsense
[2016-10-21 20:02:05] martinium : the sample sizes are usually small
[2016-10-21 20:02:14] martinium : or taken in biased areas
[2016-10-21 20:03:05] Kalman : anyway, US monetary policy will stay put till election. Therefore XBTUSD flat ...
[2016-10-21 20:03:21] Kalman : as Brexit vote ;)
[2016-10-21 20:15:22] Kalman : Is there any real world use for Zcash? Can I buy food with it or anything else somewhere?
[2016-10-21 20:22:43] wurstgelee : it isnt even launched yet.....
[2016-10-21 20:23:29] wurstgelee : only testnet so far, mainnet will be launched in a week
[2016-10-21 20:24:48] Kalman : exactly, has any shop announced to accept it?
[2016-10-21 20:24:54] martinium : its going to become the new underground currency and is supposed to be anonymous for everything
[2016-10-21 20:25:00] martinium : too early for that
[2016-10-21 20:25:17] martinium : zcash should have been implementations into main bitcoin protocol
[2016-10-21 20:25:23] martinium : but it is what it is
[2016-10-21 20:25:29] martinium : yet another altcoin
[2016-10-21 20:25:52] martinium : focus should be on bitcoin to help it gain mass adoption then altcoins can come in
[2016-10-21 20:34:31] mjones : xmr train get your ticket
[2016-10-21 20:34:51] mjones : you cant just up and change BTC like that
[2016-10-21 20:35:14] mjones : i bet people would buy into BTC if they knew it wouldnt change
[2016-10-21 20:35:26] mjones : just a place to park your money
[2016-10-21 21:07:21] mjones : xmr up
[2016-10-21 21:07:23] Kalman : mjones: but what are all this scaling initiatives in BTC ?! Pay up to get your transaction done or move somewhere else ...
[2016-10-21 21:07:52] mjones : benefit of BTC is that most of the coins have been mined.
[2016-10-21 21:08:14] mjones : and localbitcoins.com is huge
[2016-10-21 21:08:41] mjones : but true slow transactions will be a problem. so hopefully bigger blocks
[2016-10-21 21:09:51] Kalman : mjones: again, pay to get you transaction done! Not screwing the system.
[2016-10-21 21:12:31] mjones : yeah. i dont need BTC to do anything other than push transactions through
[2016-10-21 21:18:18] mjones : ltc/btc some buys
[2016-10-21 21:21:43] mjones : bigger buys
[2016-10-21 21:34:30] mjones : there is my xmr bearwhale
[2016-10-21 21:38:22] MCT : so... Zcash has the potential to be a huge short when it hits open market
[2016-10-21 21:38:34] MCT : too bad only 2x
[2016-10-21 21:39:20] MrRGnome : MCT: Be careful. It's going to be a massive pump before it ever shorts.
[2016-10-21 21:39:39] MrRGnome : Trying to call the top could be a dangerous game.
[2016-10-21 21:39:57] MCT : well, most all new coins dump before pump
[2016-10-21 21:40:14] MrRGnome : Most new coins have a supply.
[2016-10-21 21:40:34] MCT : but yeah, it will be fun to JUST watch
[2016-10-21 21:40:54] MrRGnome : I'm just doing my moral obligation when I say to you and everyone considering making a move on zcash, much as I am, to be very careful.
[2016-10-21 21:41:24] MCT : oh, i agree with you
[2016-10-21 21:41:45] MCT : what is zcash supply?
[2016-10-21 21:41:52] MrRGnome : The coin has fucked up fundamentals, specifically designed for a pump and dump.
[2016-10-21 21:42:17] MrRGnome : The supply starts at 0 coinbase reward for genesis block, literally 0.
[2016-10-21 21:42:37] MrRGnome : It graduates to 12.5 every 2.5 minutes or 7200/day after 34 days of mining
[2016-10-21 21:42:52] MrRGnome : After the first month in total of mining there will only be 100k coins.
[2016-10-21 21:43:35] MCT : 100k total supply?
[2016-10-21 21:43:38] MrRGnome : It will take over 6 months for the supply to start significantly diluting the price at more than a trickle
[2016-10-21 21:43:45] MCT : oh
[2016-10-21 21:43:56] MrRGnome : 21 million total supply
[2016-10-21 21:44:03] MrRGnome : 10% of all mining rewards to founders
[2016-10-21 21:44:28] MCT : oh wait, there wasnt any ICO?
[2016-10-21 21:44:37] MCT : i did not follow much with it
[2016-10-21 21:44:59] MrRGnome : So yeah, when i say 'be careful' it's because a tonnage of people have the smart idea you have, and so they place what they feel are perfectly reasonable shorts at say 0.5 BTC.
[2016-10-21 21:45:28] MrRGnome : But it's going to take 3 months before the supply is large enough to drop the price of any significant market cap
[2016-10-21 21:45:47] MCT : i see
[2016-10-21 21:46:06] MrRGnome : I don't know man. I'm just a guy. But I do know be careful.
[2016-10-21 21:50:04] Kalman : What about, useless coin, supply doesn't matter?
[2016-10-21 21:51:12] MrRGnome : a perfectly fair conjecture, I welcome you to short at the current price.
[2016-10-21 21:53:32] Kalman : nice spread
[2016-10-21 21:54:03] Kalman : 0.03!!
[2016-10-21 21:54:22] Kalman : where are you bidding?
[2016-10-21 21:54:57] MrRGnome : I'm not bidding at all. I'm waiting until the top is in and riding the long short.
[2016-10-21 21:55:31] MrRGnome : But I'm perfectly aware of how insanely high the short term top could be, and so should everyone else looking for the top.
[2016-10-21 21:56:36] Kalman : blah blah blah
[2016-10-21 21:58:30] Kalman : So, you are the man that can call the top!! I'm looking for you for years !!
[2016-10-21 21:58:34] cryptobull : majority seems to think less than $10 lol: https://twitter.com/Crypto_God/status/789411041608241152
[2016-10-21 22:00:06] Kalman : Be alarmed when you find yourself on the side of the majority!!
[2016-10-21 22:00:22] MrRGnome : Is what you're saying even coherent? @Kalman
[2016-10-21 22:00:45] Kalman : Not at all
[2016-10-21 22:12:14] Kalman : “Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong.” ― Ayn Rand
[2016-10-21 22:16:49] Kalman : Finally found the quote
[2016-10-21 22:17:35] Kalman : Whenever you find yourself on the side of the majority, it is time to pause and reflect. Mark Twain
[2016-10-21 22:17:40] mjones : lol xmr
[2016-10-21 22:18:26] Kalman : 5% move whats so funny?
[2016-10-21 22:18:50] mjones : bearwhale failed at knocking down price