20500 entries in 1.95s
mircea_popescu: so he got 20k btc, bought assets, and their present value took a 95
% hosing
usagi: Margins on bullion are almost always over 3
% either way
mircea_popescu: so eskimo bobbie, theoretical problem : you need 12 k for your wonder project which is 100
% guaranteed to succeed. There's three investors that would give you money : a greek, a gypsy and a pornographer.
mircea_popescu: that aside, if i were to sell 5.5
% of any stock it would drop significantly too.
elementz: hmm. so about 5.5
% percent of total btc were tied up in pirates operation.
DiabloD3: BTC-Mining: but not less than 0
%?
BTC-Mining: My passthru to Patrick Harnett's fund, paying 0
% - 2.5
% a week
DiabloD3: nope, its a 100
% correct assumption
Anduck: well, then 95
% of internet people are fucktards
EskimoBob: amazing how meaningless 1
% per week feels now
dust-otc: are they really 99
% sure of pirate
usagi: People will just buy in on friday and saturday hoping to make 1-2
% per day and then sell on monday
usagi: Why should we allow investors to buy in on saturday, get an immediate 2
% payment, then sell out? doesn't make sense
usagi: We don't want people buying in the day before divs and getting 2
% interest in 1 day
usagi: It's not fair to people who bought in at 1 that you would be allowed to buy in at 1 now and get a 2
% div tomorrow.
Diablo-D3: if your design is prone to produce 90
% failures, well, you're not going to have very many chips
EskimoBob: really? all miningturds lost 90
% over night?
Diablo-D3: EskimoBob: well, we know how 90
% of the nav was obliterated
EskimoBob: Diablo-D3: so we never know, how you wasted all that investors money and lost 90
% of the NAV?
Cylta: when pirate will finish it will possible to start lending money for lower, than 7
% per week.
kakobreklaa: 09:19.07 ( EskimoBob ) I managed to get out of OBSI.1MHS with a 70+
% profit.
smickles: Doffx: something like a 0.5
% comission on action
Doffx: Its like ppt, only at 1.5
% and matures in 3 months instead of 1 and you get a div each month
smickles: 'well, pirate wasn't a ponzi, so this other guy offering >5
% per week probably isn't either"
Chaaang-Noi: but keep in mind 7
% weekly will no longer hit the markets
Ignatius-otc: There are always outliers. What if you mircea_popescu had an arbitrage opportunity that netted you over 20
%, but you needed lots of coins to make it work?
Ignatius-otc: It would generally be safe to assume that yes, 7
% is far too high of a return weekly.
Doffx: with the 7
% interest
Ignatius-otc: odds wise...well Im no expert there are far more knowledgable people in this room alone...but imo I feel 100
% confident I will be able to redeem for 1 btc per bond, as stated in contracts/as long as pirate doesnt default etc. I am not manually buying any more...so maybe the 100
% quote is optimism...
EskimoBob: damn those tygr-p looks good at 50
% discount. Chaaang-Noi are you buying them right now?
smickles: volume is 7
% above average on gox already
usagi: NYAN.C owns 50
% of YARR
usagi: NYAN will have a huge dividend.. hmm, more than 30
% I think
usagi: NYAN owns 50
% of YARR
usagi: It pays out about 8-9
% a week
smickles: why isn't an apy of 100
% appealing in bitcoin, everyone want more that 100
% smickles: we might be able to safely do 1
% per week
smickles: so something about 52
% yearly?
mircea_popescu: well, mpbor was ~5
% on the last month, so i'd guess something like that.
nefario: mircea_popescu: not really, since there aren't trades 100
% of the time
assbot: DMC [1@0.64BTC] (since: 29-08-2012) paid: 0 BTC. Last price: 0.045 BTC. Capital gain: -0.595 BTC. Total: -0.595 BTC. (-93
%)
smickles: 1btc face X
% interest paid in cupon installments, with the face being bought back at Y date
smickles: mpex users are implying a volitility > 153
% mircea_popescu: 3 points (80
% like it) 4 up votes 1 down vote << ok whoddunit!
mircea_popescu: For 99
% of investors who could make Bitcoin happen, the answer is a resounding "NO."
DeaDTerra: Will technically it is not magic, the only problem is that it's not 100
% safe against exploits
assbot: COGNITIVE [1@1BTC] paid: 0.07560087 BTC. Last price: 0.6309 BTC. Capital gain: -0.3691 BTC. Total: -0.29349913 BTC. (-29.3
%)
assbot: BDT [1@1BTC] (since: 2012-08-09) paid: 0.03 BTC. Last price: 0.8 BTC. Capital gain: -0.2 BTC. Total: -0.17 BTC. (-17
%)
EskimoBob: so, are the 7
% zeros gone forever?
MoneyIsDebt: Where are all these lending operations getting their profits from? Silk road customers paying 10
% weekly interest, or?
mircea_popescu: on a 7mn base 7k generated daily is like 40
% inflation yoy.
rg: 22
% [=======> ] 23,798,327 2.78M/s eta 27s
mircea_popescu: ya, 1
% of enough money to buy all the bitcoin magazines wright will ever print in his lifetime.
jcpham: I'm approximately 22
% complete in my journey to over9000
smickles: mircea_popescu: well, i would have had a goal of 3 to 5
% mircea_popescu: <assbot> MPOE.ETF [1@0.1BTC] paid: 0.00852236 BTC. Last price: 1.5 BTC. Capital gain: 1.4 BTC. Total: 1.40852236 BTC. (1408.5
%)
assbot: GIGAMINING [1@1.5BTC] paid: 0.38322596 BTC. Last price: 1.1009 BTC. Capital gain: -0.3991 BTC. Total: -0.01587404 BTC. (-1.1
%)
smickles: ^_^ see that 1400
% on mpoe.etf ^_^
assbot: MPOE.ETF [1@0.1BTC] paid: 0.00852236 BTC. Last price: 1.5 BTC. Capital gain: 1.4 BTC. Total: 1.40852236 BTC. (1408.5
%)
assbot: SS [1@2.2BTC] paid: 0.44535409 BTC. Last price: 1.9 BTC. Capital gain: -0.3 BTC. Total: 0.14535409 BTC. (6.6
%)
assbot: SS [1@1.5BTC] paid: 0.44535409 BTC. Last price: 1.9 BTC. Capital gain: 0.4 BTC. Total: 0.84535409 BTC. (56.4
%)
usagi: Thats why I have only invested about 2-3
% into asicminer
teek: mircea_popescu, the
%'s for a,b,c are these arbitrary #'s you decide or is there some math behind them?
usagi: Then the price will shoot up and investors will not realize 9
% usagi: I'm just ribbing you mircea. But I doubt you will pay 15
% like you said
assbot: BITBOND [1@0.6BTC] paid: 0.16332995 BTC. Last price: 0.3902 BTC. Capital gain: -0.2098 BTC. Total: -0.04647005 BTC. (-7.7
%)
DeaDTerra: The matter is by no way proven, but it's leaning enough for me to invest a good
% of my capital into pirate
DeaDTerra: Did pirate pay this weekends interest fully (7
%)