log☇︎
272600+ entries in 1.797s
jborkl: lemme see if i can find it
jborkl: i need a cave like activeminer
jborkl: uggh spentbthe day working like a 110 degrees here, also setting up blades. i wish they had made them easier to mount
ThickAsThieves: kinda fun http://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
mircea_popescu: i just learned how to refine the shit.
grubles: i wouldnt worry much about ore
mircea_popescu: grubles i gout about a billion in ore in corp hangar right now.
mircea_popescu: but i plan to weave the wot in.
grubles: nah i dont play anymore
grubles: the only reason I used to play that game was to infiltrate corps and steal stuff
kakobrekla: well since i pasted it here and its only second half, heres the first one to put it in context http://i.imgur.com/VsfvHEE.jpg
kakobrekla: http://i.imgur.com/qNkRGvP.jpg
kingofsports: i assume many of your offers are all robot based, do u have a set ROI u set your options at mircea? Like an edge of 5% for you or higher.
kingofsports: so essentually i can buy an option for $128 strike price at .079 fee, thats like $136 overall or so.
kingofsports: my thought is in BTC world how do i make sure i get my end of the contract at the end of the length of time.
kingofsports: i would assume so.
kingofsports: i can find it easily
kingofsports: no i mean like this: X.IDIFF.JUN
jurov: hmmm, no hot chix were around when i made photos
kingofsports: man i understand options and the risks now i just gotta understand how to read the books like on mpex...i took one look at mpex and besides the standard buy and sell prices didnt know what the hell i was reading.
arandomer: mircea_popescu, I saw some of your posts on Reddit
kingofsports: say i offer futures of $120 for 10 BTC, and person fails to deliver but i have all their info and the contract.
kingofsports: i hear people get absolutely killed sometimes in futures if they dont know what their doing, to me tho it sounds less risky then options tho
kingofsports: now i understand it better. now i see. companies make sure steady revenue no matter what thru these futures.
mircea_popescu: so if $100 right now for a ring i don't have to deliver for 16 months is worth 9900 for me, i'll offer that deal.
kingofsports: cmon im trying to understand it. I read about it but i still dont see why anyone would take a future when they could sell for more TODAY. i watched TDameritrade all their videos and simulations. Options understood, forex ehh understood for most part but futures i dont see the one side why anyone would do it.
kingofsports: i understand how its profitable for the person offering the future below spot price.
kingofsports: i could def see how offering a future price could be profitablre.
kingofsports: i cant see how THAT MANY people would buy futures cause they are in a stuck postion til that length of time goes by, but futures are huge.
kingofsports: i just dont see why it would be beneficial to BUY an offered future, if u could sell for more at todays price.
mircea_popescu: well i guess you got some reading to do.
kingofsports: ah i just dont understand how futures is similar to options, someone told me that.
kingofsports: okay so offering a contract is always +EV i assume well in most cases.
kingofsports: is there any way of profiting from buying a futures contract if i dont have a position in that stock?
pankkake: since 1 bitcoin will be worth 10 million in 10 years, can I just pay later?
matuszed: Can i get a Board Seat>
gecko_x2: i'm in !
pankkake: I irloled
pankkake: actually I have the best first word, just need a second one
Namworld: Hey gecko_x2, I'm IPOing VirtualActiveCryptoCoin, want to buy in? We're in the business of making business for business making businesses.
kakobrekla: i have enough chi for everyone
pankkake: shit! I need to think of a new name then
gecko_x2: if i had a mining business, i would call it 'poopoo kaakaa'
gecko_x2: i will not be subjected to names that make me sound like a fucking ape
gecko_x2: i don't care if it's a 10 bagger
gecko_x2: now the next ipo that will have 'coin', 'active', 'virtual' or 'crypto' in it's name i will NOT buy
gecko_x2: i think that's the word i was looking for
gecko_x2: i was a buyer at 0022
gecko_x2: 30k shares?.. i imagined ppl traded in batches of those
gecko_x2: i'm a buyer at 0014
kakobrekla: i guess we will know in 1 day and 5 hrs
kakobrekla: i know why it does that
mircea_popescu: uh i dunno ? leseee
Anduck: does Rulother know something i do not?
gecko_x2: k forget i ever described that just now
mircea_popescu: i'm sorry r, it's just too funny!
Anduck: i think there are now 5 confirmed deliveries
gecko_x2: anyway, something like that is what i've been thinking off
gecko_x2: so i purchase the amount of h, m and s coins so it adds up to 5 years
gecko_x2: so now say for ex i want to hide a secret message for the world, to be revealed after 5 years
ThickAsThieves: can i premine it?
gecko_x2: i propose the creation of timecoins
thestringpuller: 17:10 <thestringpuller> where do I type that in
mircea_popescu: yeah well, i have kinda given up. once it comes out of insanity we can financialize it
ThickAsThieves: i tried designing a new type of mining future that was shorter terms, more dynamic
ThickAsThieves: i bought all of em pretty much
gecko_x2: i know i know..
mod6: i typically like to use redundant storage systems for mission critical stuff -- if the budget permits it. which funny enough, lots of places thing they're "good" with just one SAN.
mod6: well, live and learn. i bet he'll never use something like that again
mircea_popescu: i imagine the poor guy is scarred for life
ThickAsThieves: i lost my tabs
mod6: i like hardware raid
thestringpuller: mod6: i wanted you around for the discussion about jre being used for raid arrays
ThickAsThieves: i suppose
mircea_popescu: ThickAsThieves i suspect the entire exercise is more a sort of celebrity endorsement to get us to take ridell seriously
TomServo: Fair enough - I didn't mean a literal clown.
ThickAsThieves: http://b-i.forbesimg.com/stevefaktor/files/2013/08/Venn-Bitcoin-v3-1024x767.jpg
mircea_popescu: i have no idea who the schmucky blond kid is tho
mircea_popescu: and i pissing on their 2nd grave.
mircea_popescu: and tyrying to open a new exchangwe when i fucking told them they have no business doing so w/o resolving the previouis
JimmyJazz: I'm talking from a marketing background of changing the brand and image becuase of a few shutdowns. Does not make sense the strongest asset is the brand and that it is an alternative to Gox.
mircea_popescu: since we're doing random i thinks.
mircea_popescu: JimmyJazz i rthink you have no clue wtf you're talking about.
JimmyJazz: I think people have accepted that these kind of shutdowns will happen in the growing stages. Lets hope they get back to operating.
jorash: You don't even know the theory I espouse, yet you call it nonsesne... hmmm
mircea_popescu: "you can't short my putative theoretical nonsense which i might deliver just you wait"
mircea_popescu: go make a bitbet, put whatever you got on yes, i'll match it.
mircea_popescu: jorash i;ll bet you that you don't crack sha. how about that ?
jorash: fractal: I'm saying mining would be broken.. or more correctly, SHA-2 would be efficeintly cracked.
fractal: i think
jorash: at what price I dont know, say 20% whatever market is
jorash: I'm asking this question because I've got mixed reponse for people. They think increasing quickly to 21m would doom the coin, I tihnk it would be healthy since it would drop the price and allow many new buyers to get in cheap, which is a long term benefit for coin
JimmyJazz: Good evening I purchase 10 TAT.ASICMINER shares.. wooooooooooooooo
Rulother: fractal, I've made up my mind, but I don't take part in bitbet. Or betting in general.
jorash: I keep coming here looking for buyers
jorash: (I'm with a startup planning to do this)
mircea_popescu: i would make my own.
mircea_popescu: i
Rulother: fractal, I've been here just over hearing all the ramblings.
fractal: i think he means distributed evently