log☇︎
17400+ entries in 1.459s
furuknap: 2->3 BTC=50% increase. 0.75->2 = 166% increase. Not much more 'easy' money to be made, even if it reaches ฿3.
furuknap: MPOE up 5%? Any news?
kakobrekla: i took gigamining for a month or so loan, valued them at 60%, took the divs and asked for 1% on top of it.
parseval: That's the idea, ThickAsThieves. I'd pull the BTC-TC shares to a third party account to lock them down, and take a 1% fee for facilitating the transaction
parseval: Say 5% or whatever terms both parties are willing to accept. The borrower puts up the shares at X collateral, and investors can browse and pick which loans they want to fund
parseval: Well, yeah, you _can_ get your divs back, if the system is set up to track them and pay them out. And volatility is a risk, but requiring a minimum 120% collateral would mitigate that somewhat and the lender would need to agree to the collateral and terms
parseval: I wonder how strong of a reputation I'd need to have to launch a securities backed loan site that lets borrowers put up shares as collateral and take out BTC loans from people. Kind of like BTCJam only everything would be 120%+ collateralized and borrowers could keep the dividends that accrue while their loans are active.
parseval: Maybe something combining %pricechange and volume so we can visualize velocity a bit better
ThickAsThieves: it's still payout 2.5% per month at 3BTC
ThickAsThieves: they do not always pay out 100% divs
ThickAsThieves: what if in 2 years AM sells the company at a 25% premium?
ThickAsThieves: what if in 3 years, 80% of AM revenue is hardware sales
furuknap: Actually, it's up about 10% vs BTC and 20% vs USD just in a couple of hours on BTCE.
ThickAsThieves: vs 5% of divs
ThickAsThieves: 5% of divs is entirely disproportionate a same to worry about considering the share value
mircea_popescu: <furuknap> From the entire PT? Geez. << no dude. dividend was like 2%. he gets 1/20 iof that
ThickAsThieves: is people make a big deal about the 5%
Namworld: 10000 TAT ASICM = 100 ASICM = 3 BTC. x5% = 0.15 BTC or 18 dollars
ThickAsThieves: peoplethink of it like 5% of share value
ThickAsThieves: i get 5%
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?
Chaang-Noi: 25%
Chaang-Noi: but even so, we never were going to get 100% like we all want
furuknap: That's roughly 5% from current top. I have no problems missing the top bu as much as 30-40% even, especially when I see there are no fundamentals supporting the price above that.
Chaang-Noi: i hold 5% of the company and got in at an average prioce of .11 so im pretty happy
Chaang-Noi: yeah, i understand, im not 100% sure but id say 70% he is just a crazy
jurov: As for safety, I do not know any official classification of this place, but my gut feeling is that in order for anyone (which means, anyone) to take me out of here alive, it requires an operation that cannot be planned in secret, and the lead time is minimum 48 hours. If dead, it can be achieved relatively quickly, but there will be considerable (100,000+) collateral damage if the success needs to be achieved at a greater than 75% probability.
furuknap: louong: Of course, but for taking risks, I'd like a better reward than 5%.
Chaaaang-Noi: i think they will have much higher than 10% over the next 6 years
furuknap: Those 5% are not worth the risk in my opinion.
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.
Chaaaang-Noi: we are okay, we need to not be over 50% anyway
dub: assuming more than 2% of bitcoiners are capable of thinking
furuknap: That's what I'm trying to get through the people. 5% yield is almost a scam with the risks involved.
Chaaaang-Noi: 60%
furuknap: I do actually believe in AM as a long-term prospect so that's why I try to get people aware of the dangers. I'd like to see AM at around 1.3 as that price with projected dividends would roughly defend a 15-20% yield until the 6.25 halving.
Namworld: and 1% house edge only
mircea_popescu: of the 5%ish that do, 90+% file a loss.
Namworld: According to the 1.9% house edge, it went up 3.5 x 200 BTC increments
mircea_popescu: iirc it was a %
Chaaaang-Noi: 40%
Chaaaang-Noi: that is like 50% of ipo
Chaaaang-Noi: if it goes down 50% more i might buy some
Chaaaang-Noi: Gold: < 0.000005%, or <5 parts per million (%)
Chaaaang-Noi: Silver: 0.000007%, or 7 parts per million (%)
Chaaang-Noi: silver is not perfect but its smart to have 5 to 10 % of wealth in gold silver
Chaaang-Noi: i hold silver in the usa and gold here in thailand as a shtf backup and not a large percent of my assets just 5 to 10%
Chaaang-Noi: im getting into silver cuz 100% in crypto is not really smart since i have to support a family
Bugpowda: people are so desperate for silver coins that they will pay 20% over price?
Chaaang-Noi: one russian guy was the craziest, he thought he could buy at like 10% of going market rate
Chaaang-Noi: 400%
Chaaang-Noi: they have 20% of the network for sure
ThickAsThieves: but btc-e is always like 5-10% lower right?
inhies: is anyone aware of any US exchnages that are 100% legal?
ThickAsThieves: http://sports.yahoo.com/news/bitcoin-%E2%80%93-the-new-way-to-bet-online--161411695.html#
Chaaang-Noi: so when we are 50% should be .045 from mining, good deal :)
Chaaang-Noi: we are only 20% now, wait until its hard for us to be under 50%
jborkl: 252F%3B1000%3B666
jborkl: https://www.google.com/search?q=sauna+photo&tbm=isch&tbo=u&source=univ&sa=X&ei=wLiSUYCvLMnN0AHJnYCYAg&ved=0CDQQsAQ&biw=1920&bih=979#imgrc=IR7Gf5E6z224NM%3A%3BkMNMqnSbcg3b_M%3Bhttp%253A%252F%252Fwww.zenithholidays.co.uk%252Fuploads%252Fimages%252Fzellamsee%252Fhotel_tauernstueberl%252Fsauna.jpg%3Bhttp%253A%252F%252Fwww.zenithholidays.co.uk%252Faustria%252Fzell-am-see-winter%252Fhotel-tauernstuberl%
error4733: it's big % ?
ThickAsThieves: just build the things and grab 20% of the network
ThickAsThieves: this week's div could be 2%
error4733: do you thinks they can go up to 20%
error4733: 20% it's huuuge
error4733: i read they have 20% of all networks
ThickAsThieves: due to me keeping 5% of divs
ThickAsThieves: well, market is telling me I need to sell 5% below
mircea_popescu: 90% of thje top accounts would be hit simultaneously.
mircea_popescu: well a 51% attack wouldn't generate btc.
asciilifeform: you might not even need a strict 51% for that
asciilifeform: 51% is difficult, yes, but quite possible to do. and to do undetectably.
mircea_popescu: asciilifeform the reasoning is that basically bitcoin is a sort of morphism on the fiat world, and i am pretty convinced by now that the 51% attack is the local equivalent of the market cornering problem.
mircea_popescu: i think actual 51% past this point is an impossibility
asciilifeform: if anybody's been wondering what a 51%/doublespend trigger pull will look like: it will look exactly like this.
ezdiy: (i highly doubt its was just an innocent coincidence, as the chances are <1% of block gap occuring so conveniently)
gribble: Estimated percent change in difficulty this period | 18.95114 % based on data since last change | 17.0779 % based on data for last three days
mircea_popescu: therefore, we can calculate the % of idiots in asicminer as follows :
jurov: "I have suffered the loss of 82% of the fiat value of my bitcoins unscatched."
deadweasel: how will this be judged? if they get a usb powered jalepeno? an SC that is within 10% power? Did they specify power?
jurov: https://twitter.com/search?q=%23FreeNode&src=hash
error4733: he take 1-1.5% of all blade money ????
error4733: he charges for escrow ? always tought he asked for tips, not a %
ThickAsThieves: but on bigger deals, 1-1.5% is a bit much
mircea_popescu: b. asicminer is what, 5% of that ?
ThickAsThieves: maybe only 10%
mircea_popescu: jborkl_ iirc about 15% or so of glbse held shares were never allocated to anyone so they reverted.
ThickAsThieves: which represents more than 50% of AM
jurov: found interesting tidbit on reptilia: http://translate.google.com/translate?hl=sk&sl=fi&tl=en&u=http%3A%2F%2Fwww.image.fi%2Fartikkelit%2Foikeamieliset
mircea_popescu: basically it will be like, if you heat your floor you can recoup 50% of elec cost via mining
KRS1: The racial makeup of the town is 96% Euro American
ThickAsThieves: .02 is like 70% APR
ThickAsThieves: i can say i have yet to sell a share for less than 10% profit
jurov: very. how much you made on them? 20%
mircea_popescu: exactly. the fed is hungry and stupid. it goes "so we make 2% on 10trn which is 200bn and if we print another 10trn we make 400 bn instead ? go for it!"
mircea_popescu: price will then diverge towards one chain closing in to 100% of the total.
KRS1: like Luke-Jr who say a 51% attack of LTC will happen with a few FPGA's
Chaaang-Noi: AM is up what 1500% and paid 3005 in divs? s.dice is what down 20% and paid what 30% in divs? lol
mircea_popescu: asicminer is a. never got that much invested ; b. never got that much traded in its lifetime history ; c. barely paid 10% of that in dividends so far.
ThickAsThieves: of course that person's wages will polish off 10-25% of profits this month...
ThickAsThieves: theyll keep selling products, and ramping up hash rate to keep or exceed current % for at least month