log☇︎
1010900+ entries in 0.789s
mircea_popescu: lol i re-read the list, seems to me unlikely he had any shares.
mircea_popescu: those people are significantly more on the ball than i am
mircea_popescu: there's a big ass independent audit thread in btctalk, want me to dig it ?
mircea_popescu: OneEyed im not an expert on the entire thing tbh, i just list em.
OneEyed: I thought *they* payed it :)
OneEyed: But ok, the .0005 is deduced
OneEyed: I should win almost every time (97.9% of the time)
mircea_popescu: and it substracts 0.0005 in all cases topay miner fees
OneEyed: to the 97.9% win address, with an expected gain of 1.004x when I win
OneEyed: Either I'm doing something wrong with SatoshiDice, or something is wrong on their side…
mircea_popescu: is this ognasty again ?
GamblingMan: Great. I'm expecting your test to return somewhere in the 45-55% range.
OneEyed: Shit, transactions not accepted to memory pool, sucker, after some of them. I'll have to wait a bit to get 100 of them
GamblingMan: What is the stated return on the website for that address?
OneEyed: Let's do this with 100 x 0.001 runs from 1B7xUkzFcwsaviJQL1XfRJazj4zXC764i7
OneEyed: So you're talking about trying it with 1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t?
GamblingMan: Run a test, publish it, and prepare to be flamed.
GamblingMan: I actually returned an average of 48% through all of my testing...
GamblingMan: If you use the address with the highest odds.
GamblingMan: OneEyed: Try it yourself with 100.
GamblingMan: Stating odds that are misleading and then claiming they're guidelines, is what makes me use the word scammer.
OneEyed: (including the fees
OneEyed: Ohhh, the min bet is 0.001, I thought it was 0.01, so the test could be done with 500 send for .75 BTC
GamblingMan: When in fact their guidelines are 100% inflated.
GamblingMan: I was told that the stated odds "are just guidelines"
GamblingMan: OneEyed: I tried once. Everyone bashed me and reacted like people did in here when I mentioned it.
OneEyed: GamblingMan: you should publish your results then, people would be interested in that.
GamblingMan: That is why I figured I'd invest with them.... But then the claimed dividend payment was less than 1/3 of what I was expecting after talking to mircea.
GamblingMan: Their best claimed return address actuall returns less than 48% consistently in my tests that were performed over a several week period.
OneEyed: Why would I play a game where the odds are against me,
GamblingMan: If you want to see for yourself that SD is scamming, go ahead and test.
GamblingMan: I don't need you to do it for me.
GamblingMan: OneEyed: I've already performed several tests. I know what the result will be.
GamblingMan: Their claimed returns for shareholders match their claimed returns to users.
OneEyed: GamblingMan: if you send me what is needed to play 100 transactions, I'll do it (one line script) and you'll be able to observe the results
GamblingMan: Satoshi Dice is a terrible site to use, terrible company to invest in, and it is listed on a terrible exchange.
GamblingMan: copumpkin: Only if the casino claimed they repaid 98% and I lost 50% consistently.
copumpkin: anyway, I have to go to a meeting
copumpkin: so you're seriously telling me "I went to a casino and played for days, and I lost money! mommy mommy they're scamming"
OneEyed: copumpkin: what do you mean? They work from the memory pool, since they work in 0-confirmation mode
GamblingMan: Do your own test.
copumpkin: OneEyed: no, unless they mine
OneEyed: copumpkin: don't they know the random numbers in advance?
GamblingMan: You won't be able too...
copumpkin: OneEyed: how does that help them?
GamblingMan: Show me 1 independent test that ever gives an above average return with more than 100 bets in the sample.
OneEyed: copumpkin: they could inject their own transcations at appropriate places
copumpkin: GamblingMan: nope, but isn't it verifiable on the blockchain? they don't provide their own randomness
OneEyed: GamblingMan: how are they scamming users? Or shareholders?
GamblingMan: copumpkin: Have you ever made 100 best on SD and seen what the actual vs. claimed return is?
midnightmagic: I'm going to go away now. Feel free to get in the last word. Or two.
GamblingMan: Seems like Satoshi Dice got tired of scamming users and decided to go for shareholders.
GamblingMan: Turns out that was a horrible financial decision.
GamblingMan: No. I listened to mircea_popescu. :(
OneEyed: GamblingMan: you have everything you need to compute the expected returns yourself, did you do it?
jcpham: itake offense to the accusation
midnightmagic: GamblingMan: SatoshiDice is a distributed denial of service attack that the creators have convinced users to do to themselves, while stealing their money, and forcing the users themselves to bloat their own blockchain .dat files. They are exploiting a human cognitive bias to do so, and are therefore evil.
GamblingMan: Not sure why I thought it wasn't a scam, being listed on the Mpex
OneEyed: Ok, so eating a big plate of French fries makes you more efficient while you're digesting than eating a salad, right? Can't believe this :)
GamblingMan: They're flooding the market with shares and cutting the hell out of the dividend.
GamblingMan: Why did the dividend fall to below that of most high yielding assets on the NYSE?
midnightmagic: OneEyed: I'm saying fats crush appetites better than carbs do, and that comparison is a good example of a false analogy.
GamblingMan: Is the site dying, was it misrepresented, did the volume of bets drop significantly?
GamblingMan: I want to hear someone's opinion on what happened.
GamblingMan: Lets free for all talk about Satoshi Dice and how the dividend yesterday sucked ass.
OneEyed: midnightmagic: are you saying that eating fat food compared to a light meal does not divert blood for digestion?
midnightmagic: GamblingMan: Didn't you read what the channel founder said? Free-for-all in here.. lol
midnightmagic: OneEyed: Also not true, as the insulin spike of even complex carbs is very very bad for you.
GamblingMan: So nobody wants to talk about assets in here?
OneEyed: midnightmagic: on the long term, yes, not while you're digesting
midnightmagic: OneEyed: That's not a fact. Fats it turns out may be better for humans, including human brains.
OneEyed: Smoovious: nor eat fat food, they make you think slower because more blood is diverted to the stomach, and less to the brain (true fact)
midnightmagic: ... That's pretty rude.
OneEyed: Smoovious: you wrote "get my best". So I guess you never stay late with friends either, because you could be tired.
OneEyed: You could delay the chemo until your next vacation for example, it's not like you would die tomorrow. Why should it care that you're trying to buy 5 more years of life in 15 years?
GamblingMan: I bought some because mircea_popescu claimed it was the highest paying asset on the GLBSE, but it looks like it is actually the lowest....
OneEyed: Smoovious: yeah, so if you are tired because of the chemo you're taking to fight your cancer, you're fucking with your employer, and he should get rid of you, right?
GamblingMan: Looks like the dividend is less than 6% a year!
OneEyed: Smoovious: but would for example a librarian endanger other people by having drunk a little too much, or should he be helped to avoid that it happens again?
GamblingMan: I bought some shares thinking it would pay a decent dividend...
GamblingMan: What's up with the Satoshi Dice dividend yesterday?
OneEyed: Smoovious: of course, if it endangers yourself or other people, I can get that!
OneEyed: Here, it is written "under the influence of intoxicating liquor"
OneEyed: (does drinking two glasses of wine make you intoxicated and unable to teach? - depend on the person I guess)
OneEyed: By "drunk" I mean "intoxicated", not "so drunk that they vomit all over the place"
OneEyed: Smoovious: I've seen drunk people be very good teachers, at least in conferences :)
OneEyed: I'm not saying that's a reasonable plan, 5 strikes also seem a lot to me. But you should try to put yourself into other people shoes before judging. Do you really think the teacher unions would battle to obtain such a text just for free, out of the blue, without any discussion, just because union teachers get drunk all the time maybe?
femtotube: what the going price for 1 Mh/s now days?
OneEyed: Smoovious: sure, as people who get depressed, they can just work this out themselves, no need for help, that's not a disease
OneEyed: Smoovious: this acknowledges it as a disease, that can be cured, but is not easy to. I guess if the impregnated person was at risk of harming students in any way, then other texts and sanctions would apply.
midnightmagic: OneEyed: I found pirateat40 saying that in my logs. It was on #btcst, 2012, 08/21, around 14:55:38 pacific time.
OneEyed: Smoovious: you're realizing that posting this out of context and without any link makes it profundly ininteresting? Not that there is much discussion here.
midnightmagic: That, and the inertia of how difficult I'd made reconstructing my offline wallet.
midnightmagic: Smoovious: In my case, I chose not to participate at all, as sticking to my Grand Plan was more important to me.
OneEyed: midnightmagic: sure, people can be lying, maybe he didn't write that, you can never be certain if you haven't witnessed it yourself
OneEyed: (I'm trying to get thr gith link)
midnightmagic: OneEyed: Thank you, I appreciate that.
midnightmagic: Smoovious: For example, hedging against it in direct proportion to your personal certainty.
midnightmagic: Smoovious: In reality, people should have been more cognisant of the risks: you can't "assume it was" as though you are certain. You just have to evaluate the risk and behave accordingly.
OneEyed: midnightmagic: you could find it on the forum, I'm not sure I would be able to find it in a reasonable time, but you should look for yourself, try "Trendon Shavers" "DBA" "English" if the forum software lets you do that