log☇︎
287800+ entries in 2.114s
ThickAsThieves: but now I won't
ThickAsThieves: i was gonna mail you some ricin
Chaaang-Noi: i heart beer
fiat500: i just hate the web
fiat500: no i dont daytrade
truffles: at current prices i prob should look into ltc
Chaaang-Noi: we are more stable than i thought
fiat500: i am investing in a virtual currency and that is a risk in and of itself, i dont need a babysitter :P
kakobrekla: i guess shorthand for it would be b4x then
kakobrekla: i do bit4x
fiat500: furuknap: i pulled out of bfx after their protection fiasco
Chaaang-Noi: <fiat500> you guys let emotion get i nthe way of money? at times yes, i use money as a tool for power....
fiat500: you guys let emotion get i nthe way of money?
truffles: i think that since mp doesnt like me, u decide not to like me also
truffles: i have feelings too u know
fiat500: Chaaang-Noi: right, hence why i was wondering
kakobrekla: i think you dont see putting yourself 1 mil into anything cause you dont have 1 mil
Chaaang-Noi: fiat yes i bought from friedcat directly
fiat500: i dont see myself putting 1mil USD into btct for instance (definitely not mpex)
furuknap: OK, guys, I'm back. Overslept this morning. How are everyone doing?
Chaaang-Noi: i only hold AM and a bit of cognitive, about 5% of cog
furuknap: I have more than I started with, and beyond that it's none of your business :-P
ThickAsThieves: i have a lot more than i started with
Chaaang-Noi: i have over a million usd in btc securtities
ThickAsThieves: i'd say if youre smart enough to find this room, you might be worth having in here, except that now mp is tweeting it
Chaaang-Noi: but i do wonder how he found this room
Chaaang-Noi: i honestly think he has zero
truffles: i wish
truffles: great then i can finally get some playmoney
Chaaang-Noi: i be trollin, girls are down stairs
furuknap: It was just that I poked a bit of fun at the sell-off that lead to drop from 122ish to 119ish.
fiat500: if that turns out to be a scam i have no way to get any of my investment back
fiat500: furuknap: this is a lot less risky than the ~$5k i sunk into single SCs
ThickAsThieves: i did not factor waiting 17 years to get my coins
ThickAsThieves: i owe people money for deals
Chaaang-Noi: i got money not to long ago
Chaaang-Noi: i am trusting, im also about to give him 100k usd :)
fiat500: furuknap: i just bought 8 shares lol
ThickAsThieves: and the first thing I said was
ThickAsThieves: The first person I ever talked to in bitcoin was evoorhees,
ThickAsThieves: i also hear that the sdice "whale" has magically reappeared
Chaaang-Noi: i trust the manager who runs it
Chaaang-Noi: fiat500 if i were you i could buy cognitive as a hedge on your AM
fiat500: i have about 2btc left over on btct after buying those AM shares, what would be a good satoshi stock to buy?
Chaaang-Noi: i dont know if i would but into bitinstant or not
Chaaang-Noi: i want sell some more, need more hoke
Chaaang-Noi: i think even that is too high but want proof to show mp and all the other retards
Chaaang-Noi: i want to buy at .001 just to lulz on the forum
fiat500: Chaaang-Noi: i would wait and see how this purported blocking of US plays out
Chaaang-Noi: i have some bids near .001
BitHub: ahh i see fiat, be hard for someone to order 100th worth of BFL?
BitHub: that's why i want to buy a batch of hardware wallets
fiat500: BitHub: i mean someone with a bfl farm
furuknap: In scale, it seems that 100TH is the only thing currently lined up to match AM. I threw a few coins there to see what stuck. Either it goes to zero or it works. As far as I know, neither Avalon, BFL, or the swedes have anything public.
Chaaang-Noi: i doubt they have much, but we will see
BitHub: i'm looking for the next asicminer to get into :)
truffles: and i just wanted 10 btc
fiat500: but i have no evidence to back it
fiat500: i would say most
Chaaang-Noi: i forget some people got involved to make fiat :)
fiat500: i bought some single SCs but i find this virtual AM share business pretty enticing
furuknap: In that case, I'd do more research, fiat :-)
Chaaang-Noi: i dont want to evaluate, you guys forget that we invested in the idea ages ago... we no longer need investors.. we dont care, we dont need money....
furuknap: That's why one of the things I asked friedcat to start publishing is financial reports. Once a quarter is fine, more frequent isn't really necessary.
furuknap: I've tried to understand that, but I haven't found anything. It's mostly "we retain some money" but nothing solid about expenses, running or expected.
Chaaang-Noi: i asked him in a board meeting, might not have been a rule but he said tehy wont sell the 200k
ThickAsThieves: all i mean is
Chaaang-Noi: i dont think they can even sell the shares
Chaaang-Noi: i have a lot of stock and im slowly cashing out cuz i want hookers and coke money... but AM is pretty damn solid
furuknap: I probably would hold at 1.5 and possibly higher too if I knew more about the future plans, progress in 2nd gen chips, and if they were to hold back more of the dividends to secure themselves against future opporyunity loss.
ThickAsThieves: I believe that the only reason we havent seen 200TH yet
Chaaang-Noi: well to be honest, im selling a bit at 2 and 2.5, not buying, but i would hold at 1.5 to 2
furuknap: I just don't see the value that everyone else wants to pay.
ThickAsThieves: i think your analogy is wanting
furuknap: They will have to be, and I really think they will be, but the picture isn't as one-sided as everyone thinks. Right now, we're cheering that AM wins the race every week, but nobody seems to notice there is only one horse.
ThickAsThieves: i dont know how much
furuknap: Yeah, I saw that. Don't think it's that much of an effect, though.
ThickAsThieves: i'm not joking either
furuknap: I do.
furuknap: TAT: Very simple, there's no way I can get more reward from the dividends than I can from selling the shares.
Chaaang-Noi: furuknap i think you undervalue it, i think we will see 3 btc before 1.5 btc
ThickAsThieves: furuknap, what i dont understand is
furuknap: Chaang, it depends on how you evaluate risk. In my striclty personal opinion, I would evaluate a price between 1.3 and 1.5 to support my risk profile with a reasonable yield and expecting a network hash rate between 10 and 15% on overage over five years.
ThickAsThieves: this is what i mean by too many variables
furuknap: I assume BFL or someone will ship in the next three years, yes.
truffles: furuknap if u wrote like this on the website i might read at least 50% of it!!
ThickAsThieves: if i buy AM at 2, and it pays 10% yield, and I sell it at 1.95, I have profited
Chaaang-Noi: i was IRL once, but it was boring and too slow, so BTC
furuknap: Let's make a simple example. You can give me 10 coins now in escrow, and every year I will give you 1 coin in interest, thus yielding 10% per year. However, after 4 years, your initial 10 coins will be reduced to 5 coins. Thus, the yield is not 10%, it is negative 2.5% because over four years, you're left with 9 coins.
ThickAsThieves: i'm referring to how bitcoin is in it's own timespace
furuknap: No, I'm trying to say that the amount of coin a mining operation yields will need to be taken into account now, knowing that the value of a share is likely to drop of revenue from dividends drop.
Chaaang-Noi: yeah i kinda only value this stuf up to 2 eyars
furuknap: I'm not trying to do so.
furuknap: Nope. I care for price only to the extent it affects cost of halving effect.
furuknap: I'm not trying to predict price, only value.
truffles: i thought it was a forgone conclusion that we would have RFID chips and that digital money would be the norm
furuknap: I'm not trying to do so, only find a way to evaluate what the fundamental value of a mining asset is.
ThickAsThieves: because i am fairly confident that no theory could dismantle shareholder speculation and an unpredictable future
furuknap: To the extent of my abilities, it will be. It's not as much a report as a description of the method used to come to the analysis I mentioned previously.
ThickAsThieves: i WANT to know the ultimate holes in the theory