294400+ entries in 2.237s
mircea_popescu: fucking raid array was run off
a jre. i say "dude, no java, srsly". sysadmin is like "ya ya, we're professionals here, i've been
a sysadmin since before yo uwere born kiddo"
mircea_popescu: anyway, the reason an issuer would to the right thing is because he's not
a fucking leech, trying to buy
a car off paying lip service to the internet thing.
thestringpuller: Deprivrd should roll DMS into
a diff futures pricing system
San1ty_: I was saying why would an issuer go for
a bond?
San1ty_:
A lot of people here are 5 though...
thestringpuller: mircea_popescu: "dont tell me what
a fucking bond is, i'm not 5"
San1ty_: So IMHO,
a bond as an issuer is more risk then just selling BS Shares.
San1ty_: ThickAsThieves, mircea_popescu: Shares is
a commitment to profit, but bonds are basically
a loan. Shares are
a variable cost for you for example dividends. But
a bond is
a steady cost.
mircea_popescu: so if it's
a fund why hate on it, is the portofolio that bad ?
ThickAsThieves: San1ty, you realize selling shares is also
a commitment to profit, no?
mircea_popescu: San1ty i just used your conveniently open ended statement to make
a point.
pankkake: well, I learned
a lot about how trading works. and futures, stuff
San1ty_: mircea_popescu: I'm talking about risk for the issuer obviously. If you manage to sell all your bonds, you promise (unless you are
a scam) to pay
a steady low fee to pay off your loan. When selling shares you just sell that... shares. No risk for the issuer whatsoever.
mircea_popescu: well that's the bane of the amateur invesotr anyway. but if you are using that time to eduicate youirself its not really
a waste.
mircea_popescu: and for the record, lurking here is
a lot more adequate than talking for the needs of most people.
ThickAsThieves: the coincidence being I am in the very process of trying to convince
a new mining co that there are other ways to raise money
pankkake: would there be
a way to do both? obviously founders would not want to take that much risk
ThickAsThieves: profits they'd make
a lot more doing it that way. There's
a reason people who can actually make
a decent profit offer bonds/loans rather than equity. And there's
a reason those who can't make
a decent profit always sell shares. At present there's not enough of the former and too many of the latter."
ThickAsThieves: "It's unfortunate that there are few bonds around (the ones out there are all sold out). It pretty much shows how full of shit all these new mining/ASIC companies are - although they'll happily predict huge profits for investors they won't put their money where their mouth is and raise their capital via loan/bond paying
a fixed-rate. Despite the fact that if they're right about the
San1ty_:
a good daytrader that is :D.
San1ty_: And you gotta admit, Labcoin is
a daytraders dream.
San1ty_: Well
a good reason is the lack of patient "investors", most people in it are only in it for the huge profit spikes.
Rulother: I expect
a lot of massive sell offs for no god damn good reason, especially when you're talking about Labcoin
San1ty_: that's still
a nice increase at current prices
San1ty_: If they aren't on time with the start of mining expect the selloff of
a lifetime
gecko_x2: i guess it's good to have
a personal shrink ini the trading room
gecko_x2: you are also referring to
a reference point
Ogedei_: when you talk about how much
a stock is "Up" or down "down" you dont talk about the ROI
San1ty_: gecko_x2: correct, but how many of them are
a serious threat?
San1ty_: I don't see for it all to unwind. I imagine confidence has been shaken
a bit with the low divs, but if AM can keep up and pay out nice div's. there shouldn't be
a reason for
a massive selloff.
gecko_x2: then it will rise and settle at
a fair value.
gecko_x2: each one expecting to sell it for
a higher price
Duffer1: is there
a stock chart site that isn't coinflow?
San1ty_: i like it, I have
a buy order open in the low 2.4's.
VanCleef: hehe just putting out
a feeler :P
jborkl: mircea_popescu , i might have
a copy. i will look in the morning and see
mircea_popescu: if anyone has
a copy i'd muchly appreciate it, thanks.
gribble: Error: "hash" is not
a valid command.
gribble: Error: "hashrate" is not
a valid command.
pankkake: it may be possible. mtgox's accounts were hacked and I started getting
a lot of bitcoin scams by mail on that mail
ThickAsThieves: "The counter argument is that the Monarch is still in development and won't start shipping until December. The 65nm products shipping now have
a good ROI as of this writing. Market conditions are changing of course, but an increasing BTC price extends the life of all mining hardware. There is great value in taking delivery of your 65nm now."
ThickAsThieves: This is
a question of mining strategy and is
a personal decision. As
a hardware manufacturer, BFL only guarantees the performance of our products, not the market conditions of their use. This makes it hard to give advice on mining strategy."
pankkake: there is
a printable bitcoin tip service
Neil: Closest I've seen to
a spec is the wiki, and that's full of holes and exceedingly vague in places
pankkake: there are still many things that could change, why write
a standard?
Neil: I haven't even seen any effort at writing such
a standard
pankkake: was that
a project? I thought the bitcoin standard was "bitcoind" for the devs
fractal: but i've been saying that this is the right way to do mining calcs for
a while -- just too lazy to have done it myself ;)
mircea_popescu: fractal i'd link you to the article if i actually had
a motherfducking blog ;/
ThickAsThieves: bonds are probly the closest thing to
a miner hedge around tho
fractal: they seem to think that spending USD to buy
a machine that makes BTC is OK even if it you have less BTC then you'd get if you just bought the BTC itself
fractal: the genesisblock calculator is pretty innaccurate as
a 'month' could have an unknown number of diff jumps
ThickAsThieves: "never ROI" has been
a thing since before it was
a thing
fractal: they delivered sucessfully on batch 1 on ROI terms... i guess people took
a chance.... batch 3 was
a red flag on price from the get-go though
fractal: he owes me
a few drinks ;)
fractal: jurov: I had
a friend who was close to ordering 10K chips from avalon -- i convinced him not to due to uncertainty, and that their batch1 and batch2 were late
mircea_popescu: suppose people want refunds enough for
a batch and
a half. what then ? they refund one bach onl;y, as the 2nd isn't whole.
fractal: mircea_popescu: has there ever been
a case there the wording is too vague to decide and the coins were returned back to their owners?
jurov: ThickAsThieves: np, just joking
a bit
Duffer1: TaT I think you would like
a website called Fark.com :P
ThickAsThieves: "Kickstarter: Hi Sam,Thanks for writing in, and congratulations on the success of your project! If you'd like to know more about backers who have found your project, you can always take
a look at their profile to get
a better feel for them. "
ThickAsThieves: "Dear Kickstarter, ....
A good number of our backer profiles have no previous Kickstarter history. These profiles joined in July/August 2013, and have profile pictures of famous celebrities instead of real people. I previously reached out to Amazon Payments for clarification and they suggested I get in touch with you."
ThickAsThieves: "The $52.6 billion “black budget” for fiscal 2013, obtained by The Washington Post from former intelligence contractor Edward Snowden, maps
a bureaucratic and operational landscape that has never been subject to public scrutiny. "
gribble: Error: Something in there wasn't
a valid number.
Anduck: is there
a ruling about that yet i was wondering
mircea_popescu: Anduck more likely to be
a yes than if they don't get delivered.
fractal: mircea_popescu: I'm pretty confident that someone will make
a 14nm chip that does over 2Th/sec ... care to make
a BitBet on it?? ;)
mircea_popescu: ThickAsThieves drop them
a bitbet link see what they say >D
ThickAsThieves: "HashFast’s Golden Nonce GN ASIC successfully taped-out yesterday, Wednesday the 28th, and has been released for 28nm fabrication to
a well-known, leading-edge foundry. More details will follow in next week’s joint press release.
https://hashfast.com/tapeout/"
mircea_popescu: fractal you're confusing
a) shoestring operations with intel and b) cointerra wityh someone that matters.
fractal: mircea_popescu: really? thats way more then I thought... Cointerra and others are rumoured to be spending $5M on masks for their 28nm chips.... I never thought it would be such
a big jump from $5M to $500M for 14nm... crazy...!!!!
mircea_popescu: there's no way they can justify half
a bn of expenditure.
mircea_popescu: fractal no dude. they would need, if they are starting right now, about half
a billion in costs.
pankkake: the only way Intel would try to 51% attack the bitcoin network is by being forced to do it. it means
a lot of lost money on other projects for no gain
fractal: mircea_popescu: they'd only have to make
a couple hundred chips at 14nm
jborkl: and I am going to go pick up
a free chip mask at AMD on the way home
fractal: ThickAsThieves: making
a bitcoin chip would be
a drop in Intel's R&D bucket
fractal: mircea_popescu: I dunno, their CEO was
a samgsumg lead designer -- he sounds credible
mircea_popescu: ok, im claiming i have
a miniaturized woman that's 2 inches tall and shits little diamonds.
mircea_popescu: they need
a 620 TH run delivered this second, or else
a 1.2Ph run delivered in
a coupla months.
fractal: jborkl: no, just saying it would be better if no single entity could have an easy time manufacuring chips that could attack the network..... i.e. its easy for Intel to make 1Th/sec chips and own 50% right away.... but its hard for
a signle entitity to buy and setup 250,000 computers mining in
a warehouse to own 50% right away