1035400+ entries in 0.786s
gigavps: i fulfill
the contract as written
gigavps: i get no benefit from gigamining being
traded
DeaDTerra: or give it
to me? I am always a fan of charity xD
usagi: it's
the bullion effect
gribble: Best bid: 12.405, Best ask: 12.44999, Bid-ask spread: 0.04499, Last
trade: 12.44999, 24 hour volume: 46501, 24 hour low: 11.925, 24 hour high: 12.4799
DeaDTerra: I guess people are
thinking pirate will default soon in which case
they would be useless.
DeaDTerra: so sell of a bond
that's worth 1 BTC for less just due
to a interest decrease is crazy :P
area: Giga has
two farms right?
usagi: Hmmm, maybe
thats not a good idea anymore.
usagi: Gigamining has a huge market cap so it's a little different
they can buy
their way in, but if I were
to buy a single and start a company
usagi: But it raises
the issue, do we really need another 5ghs miner startup
usagi: He must have someone
to do something with
that many GPUs
usagi: I actually employ four people (i.e. pay
them) although
they're all part
time :<
usagi: (If
the answer is zero, it's not much of a business is it)
usagi: Hmm, and use
that list somehow
usagi: What we should do is make a list of questions, designed
to expose
the failures of
the past,
usagi: You can't seriously run a business without a
treasurer or a dead man's switch nowadays
usagi: For example
the JRO stuff. Why was
there no
treasurer?
usagi: All of
those failures are because one person had
too much control over a business
usagi: I've lost
track of all
the failures
usagi: or is
that bitcoinina
usagi: That being said it's my
top holding
mircea_popescu: understand :
these are high risk propositions,
the ideea we'll get rich because we're sparrows and find a crumb some ogre lefrt behind.
usagi: is
that bitcoin based busiesses are no longer one man shows.
usagi: One of
the major shifts we have seen in
the last several months
mircea_popescu: this'd mean an insider or
two being on
the board and helping out.
mircea_popescu: usagi : yes, ideally
they could get lucky and catch some production hole or something
usagi: But you will have
to wait until
the interview.
mircea_popescu: to put it in perspective : we're discussing
the efficient moving of coal, and somebody proposes
they will do it by car and shows
that
their cousin who is a cab driver drives a cab on a yearly budget of 10k.
usagi: The
thing is
this isn't 23nm
usagi: Yes,
they are fabless hehe
mircea_popescu: usagi : a. esillicon does not own or run foundries,
they mostly manage other people's runs b. bfl has no 75 mn mkt cap.
mircea_popescu: are you
telling me any of
the asic proposing companies actually BOUGHT an already ran design ?
Diablo-D3: they're not as new as you
think
they are.
mircea_popescu: i do not believe any of
them has
the wherewithal
to pull it off
this year.
Diablo-D3: its hard
to get a bad chip rate on 130nm nowadays
mircea_popescu: to cut
this entire story short : i
think any of
the btc companies are well meaning, and i
think asics will eventually come
usagi: eSillicon signed apple when
they only had a market cap of like 75 million
usagi: I see a lot of small companies around 10-100 million
that do small runs
mircea_popescu: Diablo-D3
there are some cheaper variants
to set up
that deliver dubious product, as in,
the economies of scale don't get
to play much
mircea_popescu: and i never heard of foundry runs for less
than millions of units.
mircea_popescu: asics are large and expensive runs. just
the set-up cost for
the foundry
to do an asic run can be 10mn.
mircea_popescu: which are specifically made
to exist as prototyping units.
usagi: It's actually not
that difficult, just a lot of sha cores right
usagi: I'm under
the impression you could go
to any of 50 companies with a design and have
them print it
mircea_popescu: im not
too busy
to know
the semiconductor
trade, but anyway.
usagi: Mircea you seem a little out of
touch with
the market
these days, no offense
BTC-Mining: That's impossible mircea, except for publicly
traded companies who have public financial statements
usagi: Lots of VC is moving into bitcoin now, I am willing
to bet
there's at least one secret competitor
mircea_popescu: an asic run is in
the 50-100mn range as
the absolut minimum.
they don't have 50 mn.
BTC-Mining: You are all assuming BFL had not started/worked on
this privately long before announcing
the ASICs
mircea_popescu: doing an asic run is actually of
the complexity level of releasing a blockbuster movie.
mircea_popescu: i
think few people comprehend
the intricacies of getting a foundry
to do a run.
usagi: You can either capitalize on
that or die
usagi: asicminer is selling mhash for less
than 0.01/mhash
PsychoticBoy: because everybody
thinks asics are comes. MARK MY WORDS: NO asics before 2013
PsychoticBoy: thats
the market
that killed yabmc, diablo is killing dmc
PsychoticBoy: I am sooooo sorry for
the people who bought your share at 1 btc :(
BTC-Mining: As usual, only considers hashing for
trading, not BTC price
BTC-Mining: ah, Diablo keeps changing
the rate at which he accepts shares
PsychoticBoy: ok 0.05 is not nothing but also not
the 1 btc you started with
PsychoticBoy: you are slowly killing your company Diablo + a lot of other GLBSE assets
too, since your stupid asicminer swap
Diablo-D3: thats at
the new 15mh/share
trade rate
mircea_popescu: smickles no, i just don't patronize places where idiots like gmaxwell are allowed
to run wild.
Obsi: wow, never had it go
that far
Obsi: I've had it not show after 7-8 confirms,
then show up on
the next one after I clicked
the check for deposit button
Ignatius-otc: I haven't had it
take longer
than 6 confirms eprsonally.
Obsi: if you click it incessantly until
the deposit shows up it helps
to make you feel productive