log☇︎
17200+ entries in 1.285s
mircea_popescu: the future of the world is being 96% male, with 0.001% getting the 4% females in shackles and walled orchards.
thestringpuller: mircea_popescu: 96% of people interested in bitcoin are male
Scrat: because mining pools with 40% of the network = scary
ericmuyser: math would prob be wrong and it wouldn't be 100% so estimate on the higher side so it's between 40-100
ericmuyser: maybe do it this way, estimate how many btc you'd get in sept.. make it so the divs equal 100% interest over 1 year, and use that as your price per share
Chaang-Noi: even if the difficulty goes up 1000% we will still be getting ฿125 a month for 1TH
fiat500: ThickAsThieves: i told him if he makes 10% of what he is claiming, people would still be impressed
mircea_popescu: if you invested 2x btc into gigavps' scam, you are out 99%+ of your investment no matter what.
jborkl: so, 35% of the coin is used to subsidize those not smart enough to use it. not joking
fiat500: price looks inflated 1000% to me
mircea_popescu: if you go by %s am sales are very small, moreso than gpu sales
fiat500: even worse really, because only 20% of market cap is being invested in AM
ThickAsThieves: thats still 2.5% monthly
jborkl: If 80% comes back, that would be a win
pizzaman1337: "Better than Satoshidice, only 1% fee."
Chaang-Noi: unless we get up to 45% of the network
Chaang-Noi: he takes 5% or so
usagi: compounding is 20.0%
deadweasel: anybody know anything? .05% daily
usagi: People starve to death because they are essentially worthless.. that is the 95% case
usagi: "The ATA includes the Secure Erase command, which is implemented in all hard drives manufactured after 2001." http://en.wikipedia.org/wiki/Srm_%28Unix%29
fiat500: "Shall bASIC-MINING invest idle capital in shares of ASICMiner-PT and distribute 100% of the resulting dividends to shareholders?"
ThickAsThieves: that holds 1% of all coins
mjr_: my favorite point that shows people how stupid ripple is, is that more than 75% (by my estimation) of transactions thus far have waited for 1 or less confirmations
mircea_popescu: about 50% actually enjoy their anal defloration. again, iykwyad.
usagi: but there are hidden costs such as shipping and storage. Theoretically you should spend 0.5% to 1% of the value of your silver on security on an annual basis
usagi: Yet he also claims to have made over 6,000% in the last 6 months.
usagi: There is, you. If you read deprived's report, he claims to hold 85% currency
usagi: He reports what % he has in BTC and LTC and thats about it
usagi: it's called Strawberry 100%
mjr___: i'm not 100% sure, and this is just ideas right now, but i am picturing a mapping service
Chaang-Noi: 136 is not really a bubble, its 10% up from what it was 2 weeks ago
fiat500: lend at variable interest > 150%
Chaaang-Noi: <fiat500> lol, s.dice on btct is selling at 150% of mpex price yeah the pts can be odd liek that, sometimes good palce to arb
fiat500: lol, s.dice on btct is selling at 150% of mpex price
b0n1: although fees are 2% in total
fiat500: 23:17 < KingCoin> and virtex charges like 3% fees to start
KingCoin: and virtex charges like 3% fees to start
fiat500: ThickAsThieves: so +/- 100%?
furuknap: Still, 20% is quite high and likley not sustainable.
ThickAsThieves: at 10% increase
furuknap: Which is 20% per month, no?
ThickAsThieves: i said 10% per diff
furuknap: I used your 20%.
ThickAsThieves: you estimated 10% diff increase per month
furuknap: A bit lower, actually: http://log.bitcoin-assets.com/?date=24-05-2013#54044 <- Aronud 7.6% ☝︎
ThickAsThieves: 10% per is a good guess methinks
ThickAsThieves: like about 11% if i recall
ThickAsThieves: it was 10%+ i think
furuknap: Actually, since 10% means 20% per month, 5% would be better, but I don't want to be too unrealistic.
ThickAsThieves: even better reason to use 10%per then
ThickAsThieves: i think we've been getting closer to 10% per
furuknap: We know it's not going to be 10000% or 1% so it's somewhere in between.
ThickAsThieves: ok, 10% per diff change
fiat500: fuck em anyway, charging 6%, what is that
ThickAsThieves: AM can just sell for 10% less than them
Chaaang-Noi: .0001% or 98.5% ?
bdk_kluge: They expect gains in terms of service. In the US, interest-bearing demand accounts are practically dead. They pay out in service, usually ~1.5-3% of deposits on overhead.
mircea_popescu: as long as i take debt, ANY debt, i expect a %
mircea_popescu: you're basically providing liquidity, the only sane way this works is if you get a % fee for each guy you trust
furuknap: So... One more question... If they are tokens, why does it matter that the founders premined and kept XX% themselves? It's like having a gazillion postage stamps that can be used only to send mail but with no other value?
mircea_popescu: i'd blog about that retard but the problem is the 1% idiots that read trilema and don't understand wtf would probably triple his trafic
fiat500: his 100PT shares were cheaper, even considering the 5% tribute to TAT
ThickAsThieves: they mine at +10% advertised
ThickAsThieves: and more likely will hold 25%
ThickAsThieves: AM has commited to a minimum of 10% of the network
ThickAsThieves: at least with AM, you know they will hold a % of the network
Chaaang-Noi: jap stock market had a 12% one day fall?
fiat500: already up 50% from last week
Chaaang-Noi: http://www.overlandparkjeepdodge.net/used/Land%20Rover/2011-Land+Rover-Range+Rover+Sport-47ede7aa0a0a0002008ff9a751f421d3.htm
ThickAsThieves: unfortunately, many perceive the stock as being worth 5% less overall
ThickAsThieves: 5% of divs
ThickAsThieves: "Could TAT shares just be pegged to 1/100 the price of PT shares? I think theres alot of arbitrage going on between the prices of the two causing extra market volatility ... It just seems illogical that at times 100 TAT shares can cost more than 1 PT share when they only pay 95% of the PT dividend."
Chaaang-Noi: 50% or more of these sort of thing go tits up cuz of "hacker"
Bugpowder: and then you get a 10% divided from that cost basis and a 250% gain in share price.
Namworld: 0.1% per year? Too meager returns in my taste
mircea_popescu: probably more like .1%
mircea_popescu: i suspect the stability point for bitcoin securities is way way under 1% per year
mircea_popescu: noob ventures take a value around 1% a week, last for 30 weeks tops
Namworld: Bugpowder, it's just that BTC stocks tend to take a value around 1%/week
furuknap: https://bitcointalk.org/index.php?topic=153682.msg1634673#msg1634673 <- At 20% average over 6 years (my model does that) price per AM share should be in the 1.9-2.0 range with my risk profile and ROI expecations (20%/year)
burnside: What I'd love to do now is work out something with Ukto/DeaDTerra where we both agree to like a 0.5% fee or something.
burnside: And when I set it up, it had 5% fees... plan was to get it setup, then find someone to take over.
furuknap: If you ignore the last couple of Cognitive trades, every single mining asset on BTCT is up today. Cognitive was up 50% before the latest couple of trades.
Namworld: 12968.8 Volume x 0.4% = 51.872 BTC this week.
furuknap: Yeah, and better than 100%. He still reaps from every sale.
Namworld: 0.4% x 1200 BTC trade earlier = 4.8 BTC
BTC0xygen: better than 5%. :P
furuknap: 0.4%
BTC0xygen: 0.2%
ThickAsThieves: like .5%?
Namworld: 3500 x 12 = 42,000 = 2.66% of portfolio value yearly.
BTCOxygen: And thats for 5%, right?
ThickAsThieves: of how small 5% of divs is
ericmuyser: 5% on divs is such an insignificant amount *per person* it's laughable. it's kickstarter
BTC0xygen: May I ask why are you charging 5% to manage the shares ?
furuknap: If you buy and hold now, in three years, your share value drops to 50%, costing you ฿1.25 if you buy at ฿2.5.
furuknap: They'd need to sell 300 blades and 10K USB miners _every month for three years_ to make up what people think they're getting with that ludicrous 50% yield idea.
ThickAsThieves: do these shares give you any % of hardware sales?
ThickAsThieves: while AM shares represent a % of the network instead