276900+ entries in 1.874s
BingoBoingo: Well, consider
a futures bet for X wins championsip of such and such league. Where the teams competing are fixed well in advanced of the seasons start. 30 baseball teams for example, you can bet on anyof them to win the world series. Maybe the pot isn't bigger, but having all of the options in one pool makes pricing risk more straight forward.
mircea_popescu: how is
a single bet for 6 people better than 6 yes/no bets ? cause larger pool ?
BingoBoingo: mircea_popescu:
A lot of fiat books are showing longer odds that Halep wins. This is the sort of bet though where outcomes other than yes/no might make BitBet more interesting (meaning for example
a single French open bet with the option to bet on each competitor, ie you run bets like the pony track does for some events)
mircea_popescu: i imagine throwing away btc is
a lot more painful than it used to be too
BingoBoingo: I dunno. Around here people will pay you to take
a horse. We really need to get to eating them already.
mike_c: next time i beat the horse i will have
a simulator in hand to show how the alternate model works.
mike_c: I agree weight of some type is important. but we beat that horse dead
a couple weeks ago.
BingoBoingo: mike_c: BitBet now works fine. Just when you write
a sports bet make sure to not end the weight at 1
mike_c: that would work better with bitbet v2 without
a linear weight
BingoBoingo: They might stretch it out
a while. People can be irrational longer than we expect as Usagi being able to list
a silver instrument of some indeterminate form on
a scam exchange illustrates.
mircea_popescu: BingoBoingo no but the idea is, the ops themselves have more of
a clue. obviously as it is now, every failed seo expert/14 yo running his own site this won't be the case
BingoBoingo: mircea_popescu: Sure, but given how often the gambling type (the kind who are so quick to forgive SealswithClubs for their hack) go for the familiar over the good it might be
a decade. At least Bitcoin has plenty of time to fix this.
mircea_popescu: BingoBoingo ideally it evolves as an exchange (ie,
a myriad actually honest operators do line betting and promotion, and then meet on bitbet and hedge in
a liquid market)
BingoBoingo: Sports betting I've come to see is kind of
a niche market.
BingoBoingo: mike_c: I don't know if they will ever be too popular. The problem of tracking
a whole season seems better suited to bucket shops and line betting operations. Marquee events and championships that can get traffic though should do better on the BitBet model though.
mircea_popescu: certainly not this silliness where bitbet lays
a quarter million bucks on any diff bet easy,
BingoBoingo: +320 on Auburn means you would win 320 dollars on
a 100 dollar ticket. -380 on Florida State means you would win 100/380 on your 100 dollar ticket
mircea_popescu: noobs also don't remember the entire "btc rating agency" bullshit coming out of his inflamed brain, and consequently don't remember reason #5498045986 why bitcoin didn't go to shit before they had
a chance to hear of it.
BingoBoingo: I imagine such
a black Tuesday outcome would be great publicity for BitBet though.
BingoBoingo: jurov: Because so many people are betting on Auburn. Auburn is given odds that make it
a great value pick. Since most BTC line betting operations pull lines off of USA Today instead of letting odds play on their own and collecting their vig, if Auburn wins I imagine at least
a few won't be able to pay winnings.
mircea_popescu: obv shareholders didn't give
a shit about the 6 bitcents, or else they'd have said something.
benkay: i don't want to 'use' anything - i want to deploy some capital and have some less generated by
a human for me.
benkay: which thanks to the insane amounts of time that's been put into org-mode and emacs in general is
a pretty robust project
pankkake: perhaps add
a special tag on top of the mail to change it; and also provide
a URL
pankkake: well some clients/webmails don't provide
a good way to have multiple identities
mike_c: not sure how trilema's works, but it seems
a reasonable compromise.
mike_c: that is
a good idea. identity friendly, if not user friendly.
pankkake: but I've seen implementations of one of my dreams:
a comment-by-email
pankkake: because, and that is truly
a problem, people are too lazy to create
a new account, and manage passwords
pankkake: at least I could self-host it… now
a lot of websites throw you facebook in the face
BingoBoingo: I'm pretty sure just entering nym, any email, and comment should be sufficient. I'll investigate whether or not I need to burn
a bunch of PHP when I'm not so drunk.
mike_c: yeah, with
a master signing key you keep in the garden it would work
benkay: this whole "federate identity across all platforms" routine is
a little tired at this point.
pankkake: wordpress.com blogs force you to log on if you have
a wordpress.com account with that email
benkay: pankkake: link or stop being
a cocktease
pankkake: this. is. beautiful: "So we view this as not just an idea, we are not just
a company taking an existing idea and putting it into the Bitcoin space. We are
a company that is revamping the idea into
a successful business through design, culture, process, technology, customer support, innovation, growth and proper staffing within the Bitcoin world."
mike_c: hey jurov, different topic: last month I unintentionally tested out what we were discussing. and you can not lose more on
a sold put than your collateral.
Namworld: They refused Coinroll's IPO because previous investors selling their shares and funds not going to develop
a business is too complicated and doesn't offer anything to investors. Nevermind that Coinroll is already running and would be issuing bigger dividends than any other fund on Havelock right away.
Namworld: They only sell 20% of mintspare. Thus they can give at
a minimum 70% of profits to holders and themselves, and keep up to 30% of profits for expension.
pankkake: lol they claim they give
a fixed percent of profits?
dexX7: it's simple. want
a lightweight client? electrum, otherwise i agree with armory
BingoBoingo: The problem with blockchains for trivial uses is that block chains have
a large cost in terms of storage required. Bitcoin's blockchain is small because the number of bitcoins transactions is small.
A blockchain based however off of the iTunes catalog and all of the iTunes users however would not be small.
KRS1: nmc prob has
a future imo
BingoBoingo: ThickAsThieves: Well, blockchains have limits on their usefulness. It works in Bitcoin because everyone values having
a distributed consensus ledger and enough people have
a vested interest to maintain this ledger. I dunno if anyone other than Spotify is particularly interested in spotifies ledger when they would rather store music than an account of the music everyone has.
BingoBoingo: ThickAsThieves: Well most DRM is pki based anyway. I don't see what adding
a blockchain to it might do other than maybe allow rights transfers. I don't think many people interested in DRM though are people interested in making rights transfers easier though.
ThickAsThieves: well DRM seeks to identify an owner and allow it to access
a property
Duffer1: i don't i'll ever see the day when i'd feel comfortable having my real name as
a user nick
KRS1: eitherway he's doing the world
a favor
mircea_popescu: i always thought of that as more of
a "free association" exercise.
nanotube: ;;later tell benkay /viewgpg.php you can look up by keyid. you'll get
a nice link if you ask gribble for 'gpg info somenickyouwant'. or if you want you can get the entire db.
mircea_popescu: internet people thinking, should be
a website, like the people of walmart one
benkay`: does anyone know how to get
a key fingerprint out of gpg +
a signed message?
jurov: i suspect it could easily be
a buying one
jurov: yes, just perused exactly this example in
a forum post
mjr_: anyway, got
a couple cool things coming out
gribble:
A market order to sell 100000 bitcoins right now would net 38054571.9009 USD and would take the last price down to 80.0000 USD, resulting in an average price of 380.5457 USD/BTC. | Data vintage: 6.9364 seconds
gribble: This order would exceed the size of the order book. You would buy 21518.045 bitcoins, for
a total of 321774595.2393 USD and take the price to 1000000000.0000. | Data vintage: 0.1605 seconds
mjr_: but i have made
a lot of progress on the system
jurov: ofc tried to make
a deal with mircea first, blew it
mjr_: lol i'm
a little rusty
BingoBoingo: Looks like it. I guess the holiday lul if officially over now. I guess it is time to see if there is
a climb like last spring that leaves mircea_popescu
a multi-Billionaire
mircea_popescu: to be sure, reducing energy consumption for instance is
a worthy (and in no way novel) idea.
mircea_popescu: the third is the taking of
a very dubious set of data covering about seventy years and containing no quality controls whatsoever, extrapolating it to create an imaginary history, and then extrapolating that imaginary history to create
a "very clear" path for the future (the golf club bs)
mircea_popescu: arguably the replacement of cfc with more advanced heat exchange fluids is
a net gain, certainly it padded the bottom lines of the manufacturers. nevertheless, the entire thing was fantasy rather than science.
KRS1: our f'n government is run by
a bunch of baboons with the head ape in charge.
mircea_popescu: moreover, is there
a difference between the girl turning tricks during the recession from the girl turning tricks during the boom ?
Duffer1: i'm not sure if it's
a weak argument or not, it could very well be
a total lie since they're under no obligation to be accurate
Duffer1: i'm just trying to give you
a picture of just how bad it is here, that washington post article doesn't really capture it
ThickAsThieves: i dont know much about that race, but the argument seems to be "This guy made the budget in
a year when there was no money"
Duffer1: anyone who read it already know, everyone else embraces ignorance like
a warm blanket
kakobrekla: mike_c nice work on the bitbet dividends, what
a mess. time to automate the thingy i guess.
☟︎ mircea_popescu: this was
a very happy ending to
a "find me
a bitcoin dork that's not in bitcoin" side project
Duffer1: do you have
a bounty system for gems like that?
pankkake: Ten days ago, the developers made
a change to the Dogecoin client that raised the limit of coins in
a block from 500 million to 10 billion.