log☇︎
275700+ entries in 1.707s
ThickAsThieves: i think it was like my first week
mircea_popescu: ThickAsThieves were you here back when he came in to like... i dunno, cuss me out as a pr exercise i guess
mircea_popescu: thestringpuller i think it needs time.
dexX7: i bet so
rulother-gs: If that's the case I should start up an ipo lol
ThickAsThieves: i'm not saying it's the best way, but people do it
kleeck: Ha. Yeah. I'm not interested. Maybe the market needs a true difficulty hedge that is easy to understand. "mining insurance"?
thestringpuller: 2nd time I've heard that answer
kleeck: I don't know the details.
thestringpuller: we can hedge price, but I've racked my brain over hedging on mining and it seems the answer to the question "how do I hedge mining" is "you don't"
mircea_popescu: well... i was talking to someone just yest.
dexX7: well, i guess you failed with your expansion than :p
dexX7: i guess avalon made much more than fc
VanCleef: i mean mining
joesmoe: heheh, i know the feeling
Chaaaang-Noi: i want to do that, soo busy
joesmoe: I spent 6-7 months in south america last year.
Chaaaang-Noi: i miss that
Chaaaang-Noi: yeah, that is what i want to do
joesmoe: i highly recommend south america, it's the best place in the world to backpack right now imho
joesmoe: well if you ever need any help planning, I've been traveling around for years.
Chaaaang-Noi: i think ill do south america first though
Chaaaang-Noi: i want to travel europe soon
dexX7: i'm bored too :p
mircea_popescu: actually you should probably have 3 : i. large ; 2. small ; 3. scam (or w/e, politely named, "no income yet")
mircea_popescu: but anyway, here are your problems : put am, mpex (and used to be sdice) in there, you've got 2 mn+ btc wiping everyone else into irrelevance. you don't put any of them well... it's weird parade. (which is wjhy i suggested making two categories)
dexX7: i didn't know the dax is capped
smidge: thats why i think a 25% cap would be a compromise between a pure mkt cap index with asicminer having 60,70% and a pure equal weight with 10 securities each having 10%
smidge: i know, but its a compromise
mircea_popescu: BigBitz tis what the mkt says what can i tell you.
Chaaaang-Noi: i got more than 50k usd in one week
Chaaaang-Noi: i dont know of every week but they have in the pass paid out millions]
smidge: but i agree that there should be a max value for the index share, like 25% for asicminer
smidge: dexX7 very good question, i currently plan on setting the interval to daily
Chaaaang-Noi: it was his own good he had to place me on ignore, i made him look to silly
smidge: mircea i just disagreed with you btw, you should uningnore some ppl
mircea_popescu: i think maybe in the 90s irc was bigger in europe than in the states
smidge: well i havent been on non-stop aswell
mircea_popescu: minus, i took a break from irc for a good two decades
smidge: good idea, i should ipo that thing
smidge: i think the market is so full of get rich quick adventurers, you could ipo an usb stick (non-miner)
VanCleef: i dont know but is there a new ipo yet, i'm bored
kleecksj: Today is going to be a wild one. I feel it.
Neil_: I've made my point, that is all.
mircea_popescu: but i think the drama theory is weak. seems going the other way would have generated more.
Neil_: OK. I can't help you.
mircea_popescu: well, as a matter of fact i can't see such a contradiction.
Neil_: mircea_popescu: If you can't see the contradiction in the resolution of the two bets, I can't help you. I've written it off. But IMO it's a black mark against the neutrality of the resolutions. I don't know how they were decided, but IMO the benefit of drama and 1% fees cannot be ruled out.
Neil_: I mean both. Consistency my friend :)
mircea_popescu: i thought you meant that 1
Neil_: Anyway, I lost money from the decision and cannot be considered unbiased, but IMO it wasn't "right".
Neil_: mircea_popescu: So, returning to SDICE, I personally saw contradiction in (someone)'s decision to decide that while the market cap of SDICE went to zero, the share price didn't. I don't see this as black-and-white, and that if you say the share price didn't go to zero, it's inconsistent to claim the market cap did. The third choice of "no meaning" would have been a more reasonable resolution IMO, but of course would have cost BB
mircea_popescu: frb i don't think he was looking for an apology.
Neil_: I'm sure you didn't. But that's not the point. I believe you like drama, with reason.
mircea_popescu: well if it makes you feel better i didn't have a bet in there.
Neil_: Yeah the SDICE vs BBET I lost quite a lot.
Neil_: I didn't like your resolution of the SDICE issues, which cost me quite some $$$, but I just sucked it up, I don't read it as malice.
Neil_: Personally I, for no really good reason, trust your attempt at independence. But it's never the same thing as real independence.
VanCleef: i like pov
Neil_: Sure. It's fun. But I think you lose in the long run.
mircea_popescu: i love being unambiguous.
Neil_: I like to read, from my POV most people don't like to be unambiguous, or worse, don't realize they're being unambiguous.
mircea_popescu: i tend to avoid lengthy faqs etc for this reason.
Neil_: Well I think you could be more transparent, and if you lack it, it's to your detriment not mine. But whatever.
mircea_popescu: well if it's not clear i'm glad you asked :)
Neil_: OK, I think I get it. I assume your own bets are in your own name and not commingled and in such cases you cannot influence the decision of the resolution, and in all other cases "house bets" refers to the initial distribution. Which is cool, it's just not clear, that's all.
mircea_popescu: i mean people made a lot of hay about bfl delivery in may bet, but... bfl STILL hasn't delivered so.
mircea_popescu: well, the people resolving the bets are not betting. i occasionalyl make bets, but i don't think theres to date been an actually contentious one.
Neil_: I assume that your "ethics" then are preventing you from punting for the house? The only reason for my question is the vagueness of the word "house bets" without further explanation.
Neil_: OK cool, glad we're on the same boat. I worried for a while.
Neil_: Right but it's split so that 0.06 or higher is house bet, and 0.04 is given to proposer, from what I've seen at least.
mircea_popescu: per bet i mean
Neil_: So what is the meaning of house bets exactly? I intially (many moons ago) read it as "that looks like a good punt". But later I realised it means what you gain out of the initial bet distribution on creation. Or something like that, but it's not very clear.
dandate2: does that mean i am sponsoring thickasthieves to make investment decisions and pay me interest for the money?
dandate2: what exactly is tatinvestments that i would buy a bond in it?
kidkrypto: i'll make a mock up of what i mean
dexX7: not sure how to find it, but i think it was posted by burnside in the btc-tc thread
ThickAsThieves: flash i think
kidkrypto: i might draw up some templates and see how much it'd cost to get made on freelancer, can't imagine it'd take much work though
kidkrypto: i know very little programming
mircea_popescu: i think nuderstand will become a meme
dandate2: looks like i'm buying a fraction of what i bought on the -pt
dandate2: actually i really don't nuderstand the difference after reading it heh
dandate2: i is can't read
mircea_popescu: granted it's only a few btc per cycle they lose, but i imagine a few btc hurt a lot in scamistan.
smidge: you will learn to love it i am sure
smidge: tat i wont get a new avatar
Namworld: I'm out, so long.
ArcticWolf: true - I have probably just jinxed it
ArcticWolf: wow the btcgarden selloff happened quicker than I would have thought
dexX7: i see
Namworld: smidge: http://i.imgur.com/laEoiBQ.png
Namworld: TaT, I was during the epic price rise, but not anymore. Trying to fill 500 BTC borrowed.
smidge: i'm buyin
Namworld: I'm ready for IPO now.
random_cat: can i still get in on tatcoin?
dandate2: i mean its all the same shit right
dandate2: i was interested in sin stocks also tho, is satoshidice the only one on here?
dandate2: i want to make some long term investments without watching this channel all the time, what yall recommend?
ThickAsThieves: I am called ThickAsThieves