11500+ entries in 1.199s
mircea_popescu: "Subject: These users are now making more money in 1 hour than in their 9-5 dead-end job" "What could you do with
$106 an hour?" << my spambox rules.
ThickAsThieves: "Today, however, founder Tim Sweeney is announcing a new business model: Epic will charge just
$19 a month, and 5 percent of a game developer's gross revenue, for access to the complete Unreal Engine set of tools and even its source code."
Neil: That
$250k went straight into BTC as soon as it could
Neil: Previous one had about
$250k of restricted stock.
Angusm3: I'm buying 0.1 bitcoin for
$65 CAD
nubbins`:
$75 to get a thermometer stuck up Pinki's ass last week
bloctoc: Warren Buffet doesn't want to end up with 1,000 sub
$650 Bitcoins. Is there a place to borrow 1000 BTC? Assuming his WOT is legit?
ozbot: Ottawa bitcoin exchange defrauded of
$100,000 in cyber currency
ozbot: CORRECTED-Fortress-linked Pantera invested
$10 mln in Bitstamp - Bloomberg
mircea_popescu: I’ve paid a WordPress designer named Sara Cannon
$8,000 to build this site.
ninjashogun: When I had been coming in here it was following an experience over a similar channel (related to doge) on a loan. As someone here (asciilifeform?) explained, I should have 'no problem' getting a loan of
$20K. In fact I did have "no problem" on it, but in the end I couldn't collect it, and had come in here over a few days to see if anyone were interested in the same.
dignork: ninjashogun, but 1M
$ is overestimation, if it costs 10K
$, should you care?
dignork: ninjashogun, let's say it's a complicated attack, and it costs 1M
$, which you don't have, then you can safely assume you shouldn't care :)
ninjashogun: asciilifeform, if I can have up to a 3 year grace period I would accept that with the full
$22.5K.
ninjashogun: You can convince yourself of this fact by being nearly 100% sure that more than
$190B in wealth would be created if 10,000 qualified engineering and bioscience etc grad student founders were funded at
$200K each for 100 years. It's not a lottery - it's just some unusual percentages.
ninjashogun: asciilifeform, again, this is why I mention that Steve Jobs (a kid who stole
$5000 from his best and only friend to start Apple), Mark Zuckerberg (a guy who scammed a map website guy out of
$2000 to start facebook), and Larry Page (a poor grad student who had to give
$50B away in equity to get an immigrant to code up his Larry Page Rank), also did not have the means to play.They couldn't play. They did anyway.
ninjashogun: I don't mean to say anything about hte level of ambition you have in your hardware startup but usually a certified lab for developing ours costs
$60K, which I am going to do on about
$8K in used eBay equipment.
ninjashogun: asciilifeform, did you already discuss a
$7M investment, implying a valuaiton of
$15M, with a VC who has recently made a
$400M exit in another consumer hardware company?
ninjashogun: mircea_popescu, yes, rent in a very small room in a very large shared apartment, is
$111 (after some clever negotiation from me based on how infrequently the room could be rented out due to its size). This includes all eelectricity bills, the Internet (that I'm using now) hot water, gas, utilities.
ninjashogun: asciilifeform, given my high-risk profile what APR would you (personally) extend me on between
$7K-
$22.5K (amount I take depends on APR) with no collateral except a registered Delaware C-Corp I'm currently full owner of (100%) going to 90% after an investment clears that I've committed to - the company has intellectual property including a patent that is pending and trademark that has been assigned, as well the equipment I
ninjashogun: More to the point, at this point taking the employment you talk of would entail abandoning my team here, all of my work and living arrangements (about
$150/month burn rate), as well as somehow moving to an expensive city and working full time there. My startup would cease to exist.
ninjashogun: I don't have the time to take employment, even temporarily. Two months ago I was invited to give a demo with the working prototype as part of closing a
$150K investment. I need to finish it.
ninjashogun: asciilifeform, likewise steve jobs did not know how to make a
$500B company when he was 25.
ninjashogun: asciilifeform, I don't know how to turn it into
$8.5M. If I did I wouldn't be talking about the next 40 years, would I?
ninjashogun: I don't htink
$8.5M is a fortune. if I had that in cash today I wouldn't sit on it, I would do further startups.
ninjashogun: I don't have to be zuck to repay
$8.5M. Tens of thousands of people can do it, not just a few hundred billionaires.
ninjashogun: mircea_popescu, fine. Lend me
$17,000 now and at some point in my career I will repay you 500x (8.5M). I am 30 now and it has to be in the next 30 years.
ninjashogun: steve jobs could have borrowed
$5000 from you and relent 500x as much. But you wouldn't have been interested. That is
$2.5M.
ninjashogun: instead, he had to scam his friend for it. Just like Zuckerberg had to scam some map guy out of
$2000.
ninjashogun: More to the point - for our purposes - you would not have lent the young Steve Jobs
$5000 yourself, even if he had to repay 10x the amount, 50x the amount, 100x the amount, ore ven 500x the amount (at any point in the future) All of which would have been in his power.
ninjashogun: mircea_popescu, the way I interpret that is that Steve Jobs used the
$5000 to start Apple and make his friend a billionaire.
ninjashogun: To use another example. Steve Jobs and Steve Wozniak built what turned out to be
$500B company in very large part on the investment climate in the area.
ninjashogun: Now you repeat hte same thing in Cal Tech and he has a term sheet for
$1M at
$3M valuation within 3 weeks of launch.
ninjashogun: + of the investers, and in some cases the customers who are early adopters and willing to put up with buggy-ass #
$#@
$ ninjashogun: Hell, YCombinator funds just 43 startups per year, also has seed funding of only
$150K, and has already produced two billion-dollar companies (dropbox and airbnb)
ninjashogun: every year 10,000 founders per year seed funded with
$200K... for 100 years.
ninjashogun: benkay- here's a way to think about the 'lottery argument'. Do you think it would be a net gain or a net loss for the economy if we took IBM's market cap --
$192.19B -- converted it to cash, and then funded about
$200k into a graduate student's new "company" (about the money Google was funded with).
ninjashogun: But when Mark Zuckerberg was at Harvard and scamming some guy with a map site out of
$2000 that he used to partly build Facebook....
ozbot: Almost
$50,000 are being bet that 1 BTC will reach
$10 000 before December 201 : Bitcoin
mircea_popescu: fun fact : the buffalo is worth like 2k, and yet nominal face value would be like
$50
ThickAsThieves: "Analysts now see
$100 BTC within easy reach. I am sticking to my bet. I bet Warren Buffett 100,000 BTC that BTC reaches
$200,000 before Berkshire Hathaway does."
ozbot: BitBet - Berkshire Hathaway BRK-A will close at over
$185k per share before July
ozbot: The Bitcoin network costs nearly
$1 billion a year to run. : Bitcoin
ozbot: The Bitcoin network costs nearly
$1 billion a year to run. : Bitcoin
ThickAsThieves: "HP TippingPoint's Pwn2Own competition netted researchers
$850,000 as all the major browsers – Chrome, Safari, Internet Explorer and Firefox – fell to attacks within the 30-minute timeframe for each, along with Flash. Only Java held up to the time-limited attacks, although researchers attempting to crack Oracle's code did come up with some interesting techniques that just took too
ozbot: Canadian lawsuit to seek
$500-million from Mt. Gox bitcoin exchange - The Globe and Mail
nubbins`: you have to pay
$50 to leave a crt at the dump here
TomServo: Shareholder David Witt, who has a stake valued at about
$8,650 based on yesterday’s closing price, proposed the measure, stating that Berkshire has “more money than it needs” and that the board should consider the investors who aren’t billionaires.
Diablo-D3:
$100 billion is about 1% of treasury bonds.
ozbot: Foreigners Sell A Record Amount, Over
$100 Billion, Of Treasurys Held By The Fed In Past Week | Zero
Neil: My belief is that bitcoin will succeed for one simple reason, whose power almost eveyrone underestimates (apart from Satoshi): people will come to realise holding bitcoin is in their own best interest. And everything else will follow, in the future as it already has, from
$0.01 to
$500. Nothing has changed.
cads: Now suppose both solutions are verifiably by a third party in polynomial time. But suppose additionally that the answer for the second problem also has a value of
$100 to the third party. The question is should the second process take more energy to compute?
ozbot: Bitcoin Aware | Aritcles | Xapo Raises
$20 Million for Ultra-Secure Bitcoin Storage
ozbot: Xapo Raises
$20 Million To Bury Your Bitcoin Underground | TechCrunch
Azelphur: I tend to aim at
$0 initial when I'm making new things
Azelphur: ughlol: see what I'm saying? Starting up on
$20 isn't hard ;)
Azelphur: now you can get like 512MB for
$2, it's awesome
ughlol: You can get a VPS for 4months for
$20?
ughlol:
$20 cant even buy me a second had server capable enough to handle location services etc.
Azelphur: ughlol: that was to disprove the whole you can't start from
$20 and skill argument.
benkay: so go hire some
$10/hr indian android devs for 2 months of work
Azelphur: I started on
$20 and a computer I built from shit in a skip
bitcoinpete: "Strippers can earn
$2,500 (£1,500) per shift here, says a bouncer."
Neil: If it gets to
$5k I imagine it'd be possible to spend most places; no need for fiat any more. Certainly given a year or two at that level.
Neil: Well if it hits
$5k I'm retiring.
Neil: Yeah they sometimes pay off spectacularly. I blew up on the MtGox
$150 1March; if he'd only hung on another 4 days...
cazalla: litecoin is like the kid who said his
$2 shop game of brick is the same as tetris on a gameboy (bitcoin)