18400+ entries in 1.281s
tiberiusiv: mpex loses close to 40
% of market cap in under 2 hours
tiberiusiv: you only need 1-2
% of bitcoins being sold at a given time to crash the price
tiberiusiv: no other asset class loses 20-30
% in the span of 2hrs
mircea_popescu: well, it's not practical to run 100
% security, as is always the case
mircea_popescu: cads shamir is an idiot and his paper is about 80
% nonsense.
mircea_popescu: anyway, mpex charges .2
% seller only. if you make .5 round trip then .3 difference will yiueld 30 btc over 10k traded.
mircea_popescu: Mar 22 19:44:50 <benkay> 99
% of the time you're serious
mircea_popescu: mod6 he's talking about the 15
% miner that used to make empty blocks
error4733: sade to see how just a 5K dump can cut 10
% tiberiusiv: mircea: thats why basic failed and covered only 5
% of their BTC shorts
benkay: 99
% of the time you're serious
deadweasel: find a new job, SINGULAR, for
%50 more than you are making
mircea_popescu: mod6 ya srsly, they have a point. if you have three jobs make each offers for 50
% what you're making now, upfront
Anduck: if it goes down by 50
% someone will buy it
tiberiusiv: prices were 50
% lower in 1900 then in 1800
tiberiusiv: bitcoinis ripe for a 50
% collapse to the weekly moving average
tiberiusiv: theyve doubled from their ipo and thats with bitcoin rising like 600
% Bowjob: i watched the video, they will offer 12
% per year on their bitcoin short fund
mircea_popescu: this somehow comes out like it's 0.35
% more here than there.
tiberiusiv: so i pay a 23
% premium to watch a poor guy paint a park bench
tiberiusiv: why would i move to a place that charges me 23
% to buy products?
tiberiusiv: dividend income is still withheld from 99
% of countries by up to 30
% tiberiusiv: mod6: renouncing your citizenship to sit in the bahmas only makes sense if 100
% of your income comes from capital gains
mircea_popescu: on one hand you're telling me about these elusive cali estates (0.001
% of us)
tiberiusiv: you can safely drive around a ferrari in 70
% of the US
mircea_popescu: dub im paying something like 3.9
% if you count it all.
tiberiusiv: US was like 5
% on ultra high net worths
Namworld: With discounts for very large volumes, it works down to as low as 0.5
% but you have to trade 2500+ within the last 120 days
dub: oh and I'm fine with paying >50
% tax and geting free healthcare for it
dub: so yeah; left, green, black and according to some silly chart linked here the other day, in the 1
% dub: I guess .5 or 1
% would be ok
smickles: hmm, well that 62
% is still around 10x their nearest competitor
tiberiusiv: by 2014 i would be surprised if gox did over 50
% of fiat trade
smickles: tiberiusiv: gox still does > 80
% of the public btc/fiat trade
tiberiusiv: as i said earlier, less then 0.1
% of the bitcoin users qualify for BTC loans as first you need a BTC derived income
smickles: tiberiusiv: looks more like 465
% tiberiusiv: if you cannot obtain fiat credit in a 0
% interest rate world you have to be an utter deadbeat
tiberiusiv: smickles: the real rate of interest on BTC this week is like 300
% smickles: tiberiusiv: in many parts of the us, if you charge over x
% annual (ie 10
%) the debtor only has to pay back at the x
% rate
tiberiusiv: his real interest rate is around 300
% a week
tiberiusiv: how can someone offer 3
% a week on btc without having the income to pay
tiberiusiv: right now there is maybe 0.1
% of bitcoiners who have the capability to repay
error4733: true picture 100
% ? can do the same box in one week
smickles: >95
% of those turned out as outright scams
rikur: well with their volumes and 3
% exchange fee, they should be able to cover the costs without it :)
mod6: You miss 100
% of the shots you don't take -- Wayne Gretzky
unbalanced: 100BTC per 120d is the threshold to escape 3
% mircea_popescu: ColdHardMetal Greater than 2500 0.50
%. I dunno how defensible that 3
% is given that 100 per monht...
mircea_popescu: growing rapidly. VirtEx is experiencing explosive growth shown by: Revenue increasing 146
% in the last 2 months (Jan/Feb 2013)
mircea_popescu: raising 5k btc for 10
% so a 50k btc float predicated on 37k monthly trade of which they charge what, 1
% ? 0.5
% ?
Bowjob: 75
% of the voters think BFL should get a scammy tag
Diablo-D3: mircea_popescu: my luck is probably going to run out, but average winning is 2.39
% over 351 tries
Diablo-D3: but imagine if Tesla had access to a 99+
% efficient motor
Diablo-D3: they get like 99+
% efficiency and think its overunity
smickles: < Luke-Jr> Namworld: ironically, the FinCEN thing suggests GLBSE was 100
% legal in the US
Luke-Jr: Namworld: ironically, the FinCEN thing suggests GLBSE was 100
% legal in the US
mircea_popescu: but basically people get a 95
% haircut if they refund, so...
tiberiusiv: quebec has 20
% youth unemployment rate thanks to the min wage
tiberiusiv: quebec cost of living is 30-40
% lower then ontario since half the population is poor
tiberiusiv: that would eat up 50
% of your min wage salary