13200+ entries in 0.977s
atcbot: [ATC Mined] Current: 15691264 Total ATC (to be mined): 268435456
% Mined of Total: 5.85
atcbot: [ATC Diff] Current Diff: 455357.13 Est. Next Diff: 140875.36 in 1608 blocks (#32256) Est.
% Change: -69.06
mircea_popescu: televisions are more than 100
% cheaper nao, don't you know.
bawse: im only selling hashing power through cex in the hopes of selling 1gh for the price of 2, hoping the person signs up under my link so i can make 3
% of what he buys in the future. and also initially buy 1gh with the extra $3.31 i charged. Plus PMB's are tales of people who do not know how to cash out BTC at $165 more than they are worth like I do.
atcbot: [ATC Diff] Current Diff: 455357.13 Est. Next Diff: 140052.98 in 1630 blocks (#32256) Est.
% Change: -69.24
assbot: Current MPIF account balance on Just-Dice: 163.89572664 BTC; +0.00399293 BTC (+0.0024
%) since last check 3h 50m 9s ago.
assbot: Current MPIF account balance on Just-Dice: 163.89471781 BTC; +0.05557727 BTC (+0.0339
%) since last check 3h 53m 41s ago.
assbot: Current MPIF account balance on Just-Dice: 163.83914054 BTC; +0.01448485 BTC (+0.0088
%) since last check 5h 14m 6s ago.
ozbot: 8.001 billion | Next Diff in 1335 blocks | Estimated Change: 6.7080
% in 8d 15h 20m 44s
assbot: Current MPIF account balance on Just-Dice: 163.82465569 BTC; -0.00924977 BTC (-0.0056
%) since last check 6h 32m 21s ago.
mircea_popescu: currently, what's your revenue model ? you charge advertisers a
% ? how much ?
ozbot: 8.001 billion | Next Diff in 1366 blocks | Estimated Change: 6.9161
% in 8d 19h 34m 31s
assbot: Current MPIF account balance on Just-Dice: 163.83390546 BTC; -0.04004434 BTC (-0.0244
%) since last check 11h 35m 15s ago.
ozbot: 8.001 billion | Next Diff in 1395 blocks | Estimated Change: 7.4652
% in 8d 22h 49m 35s
mircea_popescu: Micon_ hey. so the deal is this : bitbet offers an open affiliate deal, where anyone sending traffic gets 100
% the house rake
ozbot: 8.001 billion | Next Diff in 1450 blocks | Estimated Change: 7.3878
% in 9d 7h 41m 5s
atcbot: [ATC Diff] Current Diff: 455357.13 Est. Next Diff: 143645.47 in 1694 blocks (#32256) Est.
% Change: -68.45
assbot: Current MPIF account balance on Just-Dice: 163.87394980 BTC; -0.00168960 BTC (-0.0010
%) since last check 32m 4s ago.
assbot: Current MPIF account balance on Just-Dice: 163.87563940 BTC; +0.00514313 BTC (+0.0031
%) since last check 32m 46s ago.
assbot: Current MPIF account balance on Just-Dice: 163.87049627 BTC; -0.00279786 BTC (-0.0017
%) since last check 20m 24s ago.
mircea_popescu: Current MPIF account balance on Just-Dice: 163.85524671 BTC; +0.00456912 BTC (+0.0028
%) since last check 10m 4s ago. << kakobrekla you magnificent bastard, that last check is epic.
assbot: Current MPIF account balance on Just-Dice: 163.87329413 BTC; +0.01841840 BTC (+0.0112
%) since last check 8h 31m 14s ago.
assbot: Current MPIF account balance on Just-Dice: 163.85487573 BTC; -0.00037098 BTC (-0.0002
%) since last check 4m 59s ago.
assbot: Current MPIF account balance on Just-Dice: 163.85524671 BTC; +0.00456912 BTC (+0.0028
%) since last check 10m 4s ago.
moiety: BB btw paracetamol doesn't have a
% ;P
ozbot: 8.001 billion | Next Diff in 1539 blocks | Estimated Change: 10.1417
% in 9d 14h 27m 34s
mircea_popescu: he's almost as bad as the forum average, 25
% loss over a year.
MarieLynn: Do any of you want to co-found a 100
% new coin concept? It's going to be super fun. Right now we need a crypto-educated developer (wallets) but the rest we have already written.
bitcoinpete: " So far my experience of Bitcoin has been rather sad. I received my first Bitcoin paycheck a few months ago and promptly lost 30
% of it due to the dip. I was then almost unable to extract it from Vault of Satoshi because they stopped sending out checks. I was able to pay for my membership to Bitcoin Alliance and Bitcoin Foundation at least. "
TestingUnoDosTre: if I could sustain any positive
% earnings in BTC / unit of time, my wealth would be skyrocketing in some years time
benkay: you get 4n
% for gamble a
benkay: so you get n
% per month
TestingUnoDosTre: because you could (theoretically again), place another bet down, hoping for that same 4 month return, and you would equal the bet 2 return of 10
% benkay: i think the bitbet return betting the house line is about 0.5
%/mo
mircea_popescu: punkman basically, this is the bitcoin mining "projects" 100
% BingoBoingo: If you lose 88
% at anything... How do you continue trying the same approaches that lost you the 88
% without at least stopping to take a break?
tradingloser: Honestly, I lost like 88
% so I just put it in some escrow verification company that just earns revenue ripping people
mike_c: 3po investors down 26
%. go havelol!
mircea_popescu: mike_c well that's the one good argument for increasing the berth there, actually. 1.5
% may be too narrow,
mike_c: ok. obviously we will see how it plays out. but mpif will make 15
% annually, which may end up meaning a 80
% cash balance.
mircea_popescu: except this example is 1 pc and mpif has 5, and this example has a shock 15
% month, which mpif prolly won't ever have.
mircea_popescu: at t=2, the sole manager that seemed to have been making a 15
% gain runs off with the whole shebang.
mircea_popescu: at t=1, the sole manager seems to be making a 15
% gain
mike_c: it makes sense if the fund is going to return 50
% mircea_popescu: now, anyone trying to get into this fund would first have to take a 45
% haircut, as mp tax.
mircea_popescu: suppose instead of 1.5
% (or the initial .88
%) i charged 45
%.
mike_c: I'm going to try again. Funds can sell at a premium or a discount to NAV. You are basically saying you won't allow this above +/- 1.5
%. The only way I can see to do this is to carry a massive cash balance in the fund.
mike_c: that is my point. you are going to keep issuing shares until the ROI drops so low that nobody is willing to pay more than 5
% over nav
mircea_popescu: jurov yes, went out of your bounds. i was at .88
% before i enacted the 1
% collar for you.
mircea_popescu: he can't overpay by 6
%, because i sell to him at 101.5
mike_c: this is now over 5
% over NAV, so you issue more shares.
mike_c: ok. NAV is 100 btc and there are 100 shares. investor projects fund will make 10
% this year. He values this highly and is therefore willing to pay 1.06 for a share.
mircea_popescu: anyway, mike_c et all : his job is not so bad, he gets a guaranteed 2.5
% every time he flips.
mircea_popescu: alrighty, i'll give you a pass on what looks like a ~0.5
% loss so far for may :p
mircea_popescu: i won't issue shares unless we're looking at a 105
% or something like that.
mircea_popescu: jurov : stay outside of 1
% of nav on either direction.
mircea_popescu: a) that was for april and b) panacea is like 20
%ish of mpif
mircea_popescu: preventing such a fate for bitcoin, for instance, has been 90
% of all the work of 2012 and 2013
mircea_popescu: pankkake i know right ? an even split turns through the meta ear of humanity into an 99.99999
% - 0
% split. goes to show just how cultivated your average human alive is.
mircea_popescu: so far it was selling excitedly at ~1
% over nav, then panacea announced losses and it chilled.
mircea_popescu: "In less than three months the Department of the Treasury will start trimming payments on portions of the $17.3 trillion-plus national debt, with unpredictable – and unstudied – consequences. Acting in violation of legal commitments to purchasers, the Department will chop 30
% from interest payments due some foreign holders of hundreds of billions, perhaps trillions, of dollars’ worth of Treasury securities. Pos