log☇︎
11400+ entries in 1.064s
ozbot: BitBet - Iron Ore 62% Fe, CFR China (TSI) Jan 2015 over $200 at any point in 2014
tg2: but they sold for like $2 to stumbleupon
tg2: when I get to 100m$ in the bank, I'll choose the shittiest startup I can find
tg2: then I pitch their idea back to them and ask them for $x ($x being the value they asked)
nubbins`: roughly $0.00k
nubbins`: i've got about $0k in atc
nubbins`: i'm going to put in $75k, keep an eye out for the bump
tg2: i have $50k in them
tg2: $2700/hr
dhenson: You'd think mining would be more profitable than $1/GH
FabianB: "Huobi agreed to make its customers whole again at 70 RMB ($11.29) per LTC for anyone who sold below that level."
ThickAsThieves: oculus gets $2m to create their thing, sells out for $2b
ozbot: Oculus rises to a $2B exit while its Kickstarter backers are left with cheap swag | PandoDaily
asciilifeform: actually i can readily believe that exactly this would happen to, say, an executive salaried $1M
ThickAsThieves: yes the $xxxx thing is a real throttle
asciilifeform: since when? every bank i ever used let you take it out. granted, if you take more than $xxxx in one day, the anti-terrorism folks get a phone call.
mircea_popescu: "If your employer offers you insurance that doesn’t provide free ella, or anything else on the list of “preventive services”—as defined by Health and Human Services Secretary Kathleen Sebelius and ultimately by Obama—then it’s subject to a fine of $36,500 a year. But if your employer doesn’t offer you insurance at all, it’s subject to a fine of $2,000 a year. "
asciilifeform: ought to be, the ancient legend of 'penny - turn screw, $maxint - 0.01 - which screw'
nubbins`: 300 won is like $0.30
bounce: $4G + shares and things, apparently
bounce: only $400M and a sack of fool's gold
ozbot: Facebook purchases VR headset maker Oculus for $2 billion | Ars Technica
ozbot: $397 billion fighter jet deployment may be delayed by software glitches | Ars Technica
ozbot: Kraken, a Bitcoin exchange, raises $5M | VentureBeat | Deals | by J. O'Dell
ThickAsThieves: "Google's new cloud storage prices are as low as $0.026 per gigabyte as a flat rate, far below Amazon's lowest offering of $0.037 per gigabyte, which kicks in if you're holding terabytes of data in the AWS cloud."
asciilifeform: eh, it was never infinity. not even close to $maxint.
ozbot: BitBet - BTC/USD at MtGox will stay ABOVE 14.88$ and BELOW 21.46$
ozbot: BitBet - 1BTC >= $10,000 USD
mircea_popescu: $vwap s.mg
ThickAsThieves: yet no one is buying the real fuckbook for $1bn
the20year: The property we just bought for $70k has a rebuild value of something like $275k
the20year: We on the otherhand carry half a million dollars on each property, and then are applying for a $2m-$3m blanket for the company itself
the20year: I have to take a look at it, we might be able to get it for $20k or so. they bought it in 2006 and managed it quite poorly. tenant burnt down a garage and they gave it up
the20year: One of the candidates we barely miss was just re-listed. They bought it for $52k, I imagine put $10k or less in it and have it on the market for $119k
the20year: Yeah, definately. really would like to do a flip here soon but i don't have a any good candidates for that right now. Got a few duplexes I'm looking at, one is $27k the other is $39.9k
ninjashogun: like the way ice cream can cost $0.75 for example, it could cost a certain amount of BTC 0.001 or whatever
ozbot: BitBet - Light Sweet Crude Oil (WTI) Jan 2015 over $200 at any point in 2014
nubbins`: i admit i stopped reading and started skimming when i read "$1 per hour"
dexX7: let's look at the competition. knc's neptune coming q2: "Minimum 3000GH/s" + "A 30% reduction in watts per GH" (currently about 1.6 w/gh afaik) + "$ 9,995.00"
dexX7: about the chips: "Rated Hashrate: 12.8GHash/s per chip" + "Power Consumption: 0.2J/GHash low voltage, 0.35J/GHash rated voltage" + "0.49$/G-0.99$/G, depending on order size and delivery speed of choice."
TestingUnoDosTre: for instance, if I go an wire 100$ to mark karp, and I trick myself into thinking I purchased some BTC, I don't really own any
radan: $250.00/350.00 plus shipping
ninjashogun: holy #$@ mirceau you sure know how to pick them. But I would never go for a woman with such an intellectually provocative public profile. Only the ones who keep that to themselves (as I do). makes everything easier :) :)
midnightmagic: No, whoever came up with that $1b estimate is someone being silly and probably looking for grant money.
ninjashogun: Based on the simple calculation that the brain is just 3 pounds, 1.25 liters, and fires at 200 herz, it is extremely likely that there exists ∃ (latex \exists) code that we could run that would result in a brain running at an appreciable percentage of real-time brain speed, using < $1B of hardware. But we don't have the code, even though it probably \exists
mircea_popescu: ThickAsThieves the "under $50" part i find the most objectionable.
Neil: Well BTC > $10k bet suddenly became lopsided this week.
Neil: Call it $500k per BTC.
Neil: If it gets to $76k I'm long retired on a sunny island
Neil: So $76k per coin
MisterE: I'm good at the craps table because I play a very conservative game, max odds and try to bet the trends, I'm up ~$15k in my lifetime and I was sort of feeling the same way abotu crypto, I'm doing OK but could all go to hell in one game
decimation: well, presumably one could make it out of oak or pine for much less $$
hdbuck: i saw your first post on the btcforum was: "I'm pretty convinced we will see 1mn$ / BTC at some future point" havent changed your mind so far? ^^
ninjashogun: benkay - you are reinforcing my point. valuation might not be value, but it's clear that airbnb is worth more than $200K in cash.
ninjashogun: It's the difference between "How can I help you get from a $500K nominal valuation - your last round - to $10M" and "Wait, you're not taking a salary? Why don't you just go on welfare?" -- this channel above :)
ninjashogun: decimation, as I mentioned before we are at the pre-financing stage - the startup is not raising money right now. I know a lot of stories of people who built great things with burn rates near $0. Airbnb is now closing a round at $10B. They sold cereal to launch.
asciilifeform: i, personally, have nothing against paupers who live in $100, or even $10 ditches, and cannot finance anything
ninjashogun: asciilifeform, could you continue on your $300 netbook example?
asciilifeform: and answered something like, 'if you mean a $300 small laptop, we don't know how to make one that isn't a piece of shit.'
asciilifeform: 'The first round of layoffs had started. Salaries were frozen. Requests for new laptop computers were being denied. Meanwhile, Handler had an enormous marble archway installed in the atrium of the Carter Ink Building. When a national supercomputer conference was held in Seattle, she decided to stay in San Francisco and commute to Seattle from the swank Stanford Court Hotel. She commissioned a $40,000 logo desig
bounce: loved $article about shenzen though. made me wish for actual EE skill.
asciilifeform: decimation: i used a 'Transcend' TS64GPSD330. <$100 at the time.
mircea_popescu: " He also “generated a document, which he supplied to a representative of the investors, in which he purported to show a series of $5 million trades, as well as over $100,000 in purported profits on trades during September and October 2010, [but] this document was false.” Anyone can generate a professional looking document on their computer."
mircea_popescu: "Gilliams received $4 million from Morfopoulous and $1 million from another investor for investment in the STRIPS program. As evidence that the funds were so invested, Gilliams created “a screenshot from Bloomberg Finance showing $1 million worth of U.S. Treasury STRIPS, which Gilliams represented was proof that he had purchased Treasury STRIPS.” A screenshot? He must have been in the virtual office that day. A
mircea_popescu: $vwap x.idiff.jun
mircea_popescu: $depth x.idiff.jun
nubbins`: so now we have 15 gallons of "donated" ink that's gonna cost us $2-300 to dispose of
cazalla: mircea_popescu: i could've bought cheaper than $2 but like most idiots, i dismissed it
the20year1: 8br/4ba 3200sf duplex, $1300/mo in income for $40k purchase , no repairs
mircea_popescu: ;;later tell reutersemily "Concerns that regulatory action would cause customer funds to be trapped resulted in a sharp plunge in Bitcoin, falling from $US230 on April 10 to a low of $US68.49 on April 17" nah, http://trilema.com/2013/in-which-noobs-learn-lessons-and-pay-for-the-privilege/ that'll explain it to you.
radan: voronezh chernozem going for $250 a hectare!
nubbins`: for example: if 1btc=$1m, i wouldn't need to "cash out" because i could just as easily spend my btc at walmart
mircea_popescu: $vwap s.mpoe
ozbot: Twitter / Mircea_Popescu: @MKRocks @felixsalmon $1k USD ...
Namworld: The finest counterfeit Picasso's alongside $1 store paintings?
nubbins`: avg price for the ones i still have was around $22
nubbins`: first one i ever bought was $11
mircea_popescu: cazalla you know, i bought tons at about $2.ish per ?
Neil: Uh, who's dumping in China? $520 now
cazalla: benkay: that + my old man is being generous enough to give his kids some $$$ from his own inheritance
mircea_popescu: "A nationwide scam involving fake Internal Revenue Service representatives has already resulted in $1 million being stolen from thousands of unsuspecting victims."
ozbot: Malaysia Airlines 777 pops up on Craigslist, and for just $70 | Crave - CNET
chetty: http://news.cnet.com/8301-17938_105-57620394-1/malaysia-airlines-777-pops-up-on-craigslist-and-for-just-$70/
bitcoinpete: from citizen: "Canadian Bitcoins is the latest bitcoin exchange to be successfully targeted by thieves. Japanese Mt. Gox was forced out of business last month after hackers successfully infiltrated the exchanges’ security and stole as much as $468 million US worth of bitcoin." karpeles is a hacker now?
asciilifeform: 'here's $100k. lose yer coin'
ozbot: Ottawa bitcoin exchange defrauded of $100,000 in cyber currency
Ademan: like, $10 pricey, if you want them for prototyping and don't summon too much blue smoke they're probably useful though
ozbot: BitBeat: KnCMiner Flips the Scrypt; Sells $2 Million of New Rigs in Four Hours - MoneyBeat - WSJ
ninjashogun: benderp 5 btc for an hour seems a bit steep :) that's $3000 per hour or a daily rate of... $24,000 - or a monthly rate of... $600,000.
Neil: Glass beads going for $600 a piece
ninjashogun: asciilifeform, you oculdn't determine exactly what the micro does with any amount of money short of a multimilion dollar lab, but if you make reasonable assumptions (such as commodity components not being a highly engineered replacement) you can verify its operation for <$100 in equipment.
ninjashogun: asciilifeform - anyone who has an oscilloscope would not have to use a naked eye :) You can expect someone to have a magnifying lense ($0.50) if they have an oscilloscope ($100)
ninjashogun: deadweasel, so if you were to say, "I bought $100 with my bicycle" it would - as you point out - sound like incoherent ramblings. It should be written, "I SOLD my bike for $100".
ninjashogun: deadweasel, it doesn't make much sense to say "I bought $100 with my used bike." It feels wrong. But it's accurate.
ninjashogun: asciilifeform, ok. I'm not saying you'd need to pursue it. Just like I'm not saying you should build a shiny gui on a Unix utility and sell it to mac users for $49.
ninjashogun: asciilifeform, I was just thinking how mircea's current insights would imply that that is what you could actually sell to dumb users for a huge markup (e.g. $199), since they know what a leather wallet is and know that bitcoins are money. and that's it.
benderp: $20/each for a hundred little gui utilities that'd be a 1-line
asciilifeform: afaik the only software today 'specifically targeted at mac users' is the nickel-and-dime chumpatron where these folks pay $20/each for a hundred little gui utilities that'd be a 1-line bash script on an ordinary computer
ninjashogun: I'm not Icahn, there to criticize a $74B company (eBay) when he couldn't run a company any better.
mircea_popescu: http://www.vnews.com/csp/mediapool/sites/dt.common.streams.StreamServer.cls?STREAMOID=zqcnNXKR3mS1VoTbVLehlc$daE2N3K4ZzOUsqbU5sYv3CBjenOcpR_3UNwFQij16WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg