log☇︎
18900+ entries in 1.376s
mircea_popescu: prolly 1-5% of them had heard of bitcoin prevbiously
gribble: usagi was last seen in #bitcoin-assets 7 hours, 40 minutes, and 5 seconds ago: <usagi> so if the underlying bond then returns 5% you get back 0.105
jurov: it needs to be 0.999%
jurov: NOPE. Since it was sold around 0.1, it made 9.999%
jurov: one day away and what do i see? <usagi> [14:39:49] CoinBr.MPBPT-O at 0.10999... makes 0.999...%
Chaang-Noi: im 90% sure he is in austrilia, why did you think german?
Namworld: If you sell half for .4, you have a guaranteed 100% profit =)
Anduck: mircea_popescu: http://billmullins.wordpress.com/2008/02/28/scamming-by-spamming-%E2%80%93-they-just-won%E2%80%99t-quit/
Bowjob: I think 10% is kinda steep, but it wasnt my idea
Bowjob: I get my 10% commision either way
Bowjob: then.. I thought, heck. that 10% could be 1000 bucks in the future
Bowjob: so guys, am I evil if I'm gonna hold other people's funds for 10% in BTC since they can't figure the wallet out?
mircea_popescu: but in any case i'd be surprised if it were much %wise
Namworld: Some people have trust in me, lending at 10.95% per year it seems.
mircea_popescu: closing in on 50%
mjr_: oh they advertise 80%
mjr_: i think having 80% of volume go through mt.gox is insane
mjr_: i'm down 4% on MPOE, i am going to double my position
mod6: AMZN beat (barely iirc) and it went up a bunch too -- until the following week where exuberance dropped. I think traders were spooked by the -1.0% GDP print... and any good earnings news was like "heaven sent"
mircea_popescu: netflix beat earnings and it went up 908534905034%
mjr_: i hope to get 3% on my position
mircea_popescu: you got in late, ipo people are up like whatever, 80% on s.dice and 300% on btc
mjr_: and up 25% on BTC
mjr_: i'm up 6 or 7% on S.DICE
imsaguy: which means they only have 33% of combined
imsaguy: 12TH is only like 50% of current network
gribble: Estimated percent change in difficulty this period | 6.19499 % based on data since last change | 10.21154 % based on data for last three days
Namworld: Better stick to your decision. That 10% will be no consolation.
Namworld: When it's either lose 90% on exiting or stay on your decision...
Namworld: But I'm not 100% sure that soon will be before the 22th
Bugpowder_: As risk perception of bitcoin goes down, stock price should approach a point where dividends are paying 5% of price a year
Bowjob: lol someone wanted me to buy bitcoins for them I get 10% commision
pigeons: s.dice on coinbr pays 100% - account management fee, on havelock it only pays 95%
mircea_popescu: he;'s only down 20% on this round.
Bugpowder: nobody is paying 30%
mircea_popescu: who the fuck is paying 30% ?
mircea_popescu: 30% fuck you fee.
Bugpowder: 30% wat?
mircea_popescu: and to top it all off next year ALL transfers will have to be charged 30% tax
iz: athiests are just 100% certain they are right all the time
mircea_popescu: "It is quite common that during IPO most of the funds come from people You know. Only maybe 5%-10% are from private people that just react to the public offer."
pigeons: btcguild charges 5%
mircea_popescu: something beween 0.x% and a few %
Bugpowder: Nothing enforces my faith in this rally more than the 40% spread in the option contracts. :)
mircea_popescu: Pucilowski 0.2% seller side.
jurov: 7.5% yearly... and how exactly it will get DoJ'd?
Bugpowdurr: 0.6% on something that could get DoJ'd?
Bugpowdurr: 0.03% dividend
pigeons: http://translate.google.com/translate?sl=la&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.loremipsum.net%2F
knotwork: if it falls 20% and stays down more than an hour people will be running to get more bucks to exhcanges to buy those cheap coins
mircea_popescu: this is why price moves so much : fiat side can increase 1000% in two weeks on account of very small basis (in fiat terms)
Bugpowder: There will be a lot of BTC on the market when the price falls 20% and stays down for more than an hour.
mircea_popescu: the reality is closer to 5-7%. certainly under 1/4
mircea_popescu: your modelling assumes 50-70% of btc moves.
Bugpowder: retrace 25-50%
JWU42: I am selling about 5% at these levels
JWU42: and that is a growing % of people in the US
mircea_popescu: so in this sense it can work as leverage, even as high as 10`000%
mircea_popescu: now it's worth 10 bucks each, +400%
mircea_popescu: but yes, seems it's 90% a canada thing
mircea_popescu: gets a larger % of fiat in exchange.
mircea_popescu: trades happen if and only if the % of btc you give away
mircea_popescu: which is an inconsequential 0.0000% of all fiat.
mircea_popescu: your 400k would be a very big 4% stake out of all bitcoin. your datacenter would be an inconsequential 0.0001% of all datacenters
Diablo-D3: even if it was done in bonds that pay the equiv of 5% annually for ten years?
ThickAsThieves: so, say it's 2015 and 50% of the world is using bitcoin
ThickAsThieves: so if their devices all have a bonus speed of 11%, and ship on time, they still failed to meet the qualitifications?
mircea_popescu: 10% is, if anything, mindboggling generous.
mircea_popescu: that's NOT within 10% and still have it accepted.
ThickAsThieves: what if the devices are 11% faster than spec'd?
ThickAsThieves: Devices must be in scope of +-10% of advertised performance in order to be accepted as valid.
Bugpower: From Dec 2011, up around 3000% USD
mircea_popescu: if you can do the sort of magic shit Bugpower does and extract 100% out of your btc in six weeks
jurov: far? it's only 46% over current price
Bugpowder: 13%
Bugpowder: no, just a likely 15% return within a week.
mircea_popescu: mpoe is like 11ish %, dice like 13
ThickAsThieves: I think BFL will deliver maybe 25% of orders in early march and fill all orders by April, ASICMINER will go online next weekend, and Avalons will trickle out very slowly starting at the end of the month
mircea_popescu: 4.6%
Ukto: you drink D, 1%, 2%, skim? half/half?
error4733: 88% sorry
error4733: even if eric hold all the 90%, just no way to prove it
vampireb: i dont know, it rose too quickly. i prefer stable rates.. then the rate that change every day by like 10%
BitHub: 38% ownership is pretty sad
mircea_popescu: So, shareholders fund the entire startup costs of the company and end up with 38% 'ownership.' It was exactly this point, what is ASICMiner's % of the company, that was debated in some detail when ASICMiner announced the IPO.
BitHub: even tho i would give them 100% of the bitcoin
vampireb: ~3.5% / mo that not bad
vampireb: erik sold only 10%, kept 90%
mircea_popescu: vampireb no, they pay for the whole 50mn (which obviously 37% whatever goes right back to erik)
vampireb: so since 3% were released, so now it will pay for 13% instead of 10%
mircea_popescu: it pays 1% on referrals, if you get someone to bet 100 btc that's 1btc for you.
DeadWeasel: any idea what i could buy into that would make 10% overnight?
gribble: Estimated percent change in difficulty this period | 2.75124889803 % based on data since last change | 2.47239535291 % based on data for last three days
Bugpowdr: 0.84%
Bowjob: http://en.wikipedia.org/wiki/File:Mongolian_woman_condemned_to_die_of_starvation_%28retouched%29.jpg
Namworld: Getting 100% over two year is excellent
Bugpowder: 50% of price gain is due to whale reloading
jborkl: 66btc and 130 btc on 6%
mircea_popescu: glbse was worth something between nothing and 3% of mpex.
topace: 6.5462%