117500+ entries in 2.42s
jcpham: it's probably beeter that i don'
t know who people are or give a shit
Namworld: Coinroll really getting a good betting volume. And it won'
t IPO =/
furuknap: If there was a forced buy-back... By whose authority would that happen? It would be according to Chinese law, I would presume. However, since the PT-holder don'
t hold shares, the buyback would be against the PT operator.
furuknap: Board can'
t decide whether someone sells.
furuknap: I know that has been said. I haven'
t been able to figure out how much.
furuknap: They wouldn'
t have to pay half that. People don'
t seem to realize that not paying dividends doesn'
t mean the money is burned in a forge.
furuknap: TAT: Yeah, that could be a solution, but to do that, there would need to be funds for research, production, marketing, etc, etc, etc. Right now, it doesn'
t seem like friedcat is willing to think that far ahead.
furuknap: At some point, someone will do that math. Bitcoin mining is quite predictable due to its finite reward. If we had inflation, this wouldn'
t be a problem.
furuknap: Really, it doesn'
t bother me if people mindlessly run in one direction, but I'm somewhat bothered by having information that may help people not get burned. If they still want to stampede, fine.
jurov: and you seem to imply that AM will be around in unchanged form 3 years from now, and also we won'
t increase blocksize (and thus txfees). which is pretty unlikely.
mircea_popescu: the main components are 1. people wish to participate, they see mining as participation, they can'
t afford rigs so this is the next best
furuknap: That's why it's an assumption, but really, AM must double their network percentage to maintain the same dividends. AM wasn'
t paying mining-based dividends at anything close to what they're expecting over the next years.
furuknap: I was thinking something like that, but really, is isn'
t required. The numbers won'
t change so they are the same in three months or a year and will just show the same results.
mircea_popescu: maybe also publish the wordcount, just in case kids don'
t comprehend hashing.
furuknap: Besides, it's mostly targeted at surviving 2016. Most 'investors' now don'
t see past the next dividend. I doubt it will help anyone.
furuknap: Heh, yeah, that'd stay secret for about, I don'
t know, 10ns?
furuknap: Damn, I so want to publish my numbers and model. I'll hold back, though. If I'm right, it's easily proven after the fact. If I'm wrong, it won'
t help anyone.
mircea_popescu: anyway, the reason \women don'
t work for him is cause he's a creepy looking dude.
furuknap: Dammit! I just sold one of my GPUs to buy LTC and didn'
t get the cash in time.
furuknap: I think I heard why DT runs his PT for free sometime, but can'
t for the life of me remember what it was.
furuknap: Of course, I have no reason not to trust you, but you still don'
t have to hold personal shares, which is totally different from holding shares from someone else and routing the dividends.
furuknap: Of course you can. Why wouldn'
t you?
furuknap: Yeah, because the volume should be much higher. I realize it didn'
t become as huge as when I suggested it.
furuknap: ?? Isn'
t there around 10K on Bitfunder and 30K on BTCT?
furuknap: TAT, could you tell me so I don'
t have to calculate myself, how much you get from the 5% in dividends on AM-PT?
furuknap: Even you won'
t be _that_ crazy...
furuknap: My bad if that wasn'
t your intention.
furuknap: The drawback of that strategy is that he still needs to get a proper racehorse at some point, and the process isn'
t going to be quicker for him. People think he can just snap his fingers and have 262 TH in production, but with the current tech, that takes a lot of space and he's already running into issues with that.
furuknap: Yeah, that was genious, and I mean that. Realizing how complex it would be, he got an old beat-down horse and bet that there wouldn'
t be any other horses in the race.
furuknap: That's in chip production. 22 peta isn'
t exactly deliverable :-)
mircea_popescu: which is a lot better than asicminer too, seeing how they still don'
t have the 12th promised for feb/march
furuknap: Doesn'
t have to be made in Russia even if Bitfury is Russian. The 100TH people are from Poland.
mircea_popescu: i don'
t think picostocks and bitfury are actually related
optimator: you know normal people don'
t change the world
deadweasel: don'
t say that, truffles takes offense to 'manic'. ;)
optimator: deadweasel: you can'
t get it where you are?
furuknap: Actually, I wasn'
t trying to make a point of it, I was just responding to a question about what I thought of the project. From the projects I have evaluated, those were distinguishing characteristics in addition to a growing confidence that such a delivery is technically feasible. Two months ago, I probably wouldn'
t have given it a second glance.
pigeons: i haven'
t even looked into whatever you're talking about. I just saw "if he was scamming he would do it for more money and why would he use his real name"
furuknap: I understand that, and I eat so much salt these days, I'll be a mummy by the end of the summer. This doesn'
t smell right though (and right here would be scam).
furuknap: Again, it seems way too much effort for essentially peanuts. I don'
t know. Might throw a few coins there to see if it sticks.
furuknap: Deson'
t matter if they care for it. They could have done it without. IF (and I capitalized that intentionally) the people in tne BP are the real people and not just a Google image search, what possible reason could they have for adding their names when they don'
t have to?
pigeons: "if he was scamming, he wouldn'
t use his real identity" is not an effective heuristic
furuknap: The business plan, the picostocks setup, the putting your name on the line. At the time, there weren'
t asking for much. It's become a lot since then, but at the time, I mean, if you wanted to scam someone, at least you should do it big.
furuknap: What was their original deadline? Weren'
t the due for going online in June?
mircea_popescu: best indication ever that auschwitz was a bad idea : the jews didn'
t fight back at all.
furuknap: OK, the leader (and that's not me, just so you don'
t think I'm blowing my own horn) needs to understand what people need. They usually say that by fierce opposition.
mircea_popescu: i don'
t think any leader of any import ever cares what epople want. at issue is what people need.
mircea_popescu: arrington didn'
t appear because there was a desire for tech crunch
mircea_popescu: ThickAsThieves i can'
t for the life of me recall exactly wehat it was
furuknap: truffles: I can'
t please everyone :-)
mircea_popescu: furuknap i didn'
t even know there's a sharepoint community
mircea_popescu: the short version : don'
t sponsor things you don;'
t understand, they may blow up in your face.
furuknap: I realize people buy on far more than ROI. I don'
t. Even if the price goes up to 2.5, it will still be within what I'm perfectly comfortable 'loosing' by just taking 1.10 per share (and even a bit more since I got a few of the waves right).
ThickAsThieves: or that share value won'
t erode slower than div payout
furuknap: 30 or so shares? I don'
t remember exactly.
furuknap: Actually, I would favor in the direction of risk, but right now, there isn'
t risk, it's suicide.
furuknap: I can understand people being passionate, I just don'
t want to pay ฿1 for ฿0.5.
furuknap: No, it wouldn'
t, and that kind of argument isn'
t really effective. There's a major difference of evaluating risk and not standing a chance in hell.
mircea_popescu: they might have been able to find someone who wanted to buy 100k worth of btc and didn'
t know how.
pigeons: if he "eats his medicine" he won'
t be able to see bitcoin visions anymore
davout: mircea_popescu: yup, wasn'
t sure if he meant cloning the concept or its website
mircea_popescu: i don'
t think he's a scammer, he seems like a kid with mostly good ideas ocasionally getting ahead of himself.
furuknap: Yeah, I can'
t wait to rush in. I get a seat at a round table! Weeee!
davout: dumb people don'
t know how to troll
davout: we shouldn'
t do racist jokes
furuknap: Like I said, I don'
t like to gamble :-)
furuknap: I'm not trolling in any way. I don'
t see the insane value in AM that some people are paying these days. I've run the numbers and they're showing a 5% yield at these levels on a 10% average hash rate for the next 6 years. If they beat that, it's a bonus.
furuknap: Leading a race with just one horse isn'
t really an accomplishment.
furuknap: I don'
t get that sarcasm. Do you not believe that halving will disrupt profitability of miners?
furuknap: Thick: That's exactly why I think people need to realize that their dividends won'
t cover as much of the loss in value as they think.
dub: I don'
t trust anyone in china
furuknap: Dividends don'
t amount to much if you account for the halving effect in 2016.
furuknap: With the current dividend policy, I tend to agree. I don'
t think that's friedcats intent, though.
pgp: don'
t count SD out just yet...
Namworld: Doesn'
t require one BTC transaction per bet, uses deposit/withdrawals.
jcpham: you can'
t stop the flow
davout: i don'
t use otc enough
Scrat: but i guess it doesn'
t matter since assbot is spamming this channel 24/7
Namworld: and I can'
t put my BTC everywhere
jurov: ok, there won'
t be many at that price, i'll let know when i'm done
mircea_popescu: got a brick through the window scribbled in lipstick with "your application is under review, don;'
t call us we'll call you" ?