306700+ entries in 2.163s
parseval: I mean, using only the bitcoin network is great and all, but they left
a bunch of money on the table there. At the least they should have been collecting some user data for return calls to action
parseval: It feels like SDICE hasn't been expanding like it should have been.. and now, it's contracting
a bit
KRS1: wtf did someone say it was okay for gribble to take off on
a friday like this? he doesnt even know whats going on in the market
Namworld: live balances is
a cool feature tho...
Namworld: Plus cards are easier to manage I say... nothing wrong in
a physical wallet
jcpham: it's probably beeter that i don't know who people are or give
a shit
jcpham: the rota case guy runs
a wallet
jcpham: homebrewing is legal now as of
a few days ago
taub: We see that the MTGox data feed is not entirely reliable and also from an engineering perspective, its technical implementation really is very confusing and not well structured. They are using what is called
a web socket and then on top of that Socket I/O . This is unnecessary and the method by which this is implemented is not technically correct. So we are not very impressed with the MTGox data feed. This is just
a comment.
taub: >Interesting. Never heard of such
a concept when it comes to trading. We would think that immediate execution should always be achieved as much as possible.
Namworld: Coinroll really getting
a good betting volume. And it won't IPO =/
KRS1: i would buy them all and tell you all to go find something else to do..like
a boss
KRS1: powerball lotto is well over half
a billion
jcpham: we're drinking
a homemade rye ipa
truffles: <taub> not
a fan of the booze>> why not?
taub: not
a fan of the booze
furuknap: If there was
a forced buy-back... By whose authority would that happen? It would be according to Chinese law, I would presume. However, since the PT-holder don't hold shares, the buyback would be against the PT operator.
furuknap: BTW, out of curiosity, if there came
a tender offer on AM, how would the PTs handle that? Vote?
furuknap: Well, it's really moot. I'll have my models in
a year too, and even longer :-)
ThickAsThieves: they are planning 1000TH before year's end as
a conservative goal
furuknap: They wouldn't have to pay half that. People don't seem to realize that not paying dividends doesn't mean the money is burned in
a forge.
furuknap: From pouring out as much dividend as possible. I'm not saying "No" to dividends, I'm saying
a pile of cash in the hands of friedcat is better at ensuring sustainability than
a ton of dimes in the hands of thousands of investors.
furuknap: TAT: Yeah, that could be
a solution, but to do that, there would need to be funds for research, production, marketing, etc, etc, etc. Right now, it doesn't seem like friedcat is willing to think that far ahead.
ThickAsThieves: what if in 2 years AM sells the company at
a 25% premium?
furuknap: At some point, someone will do that math. Bitcoin mining is quite predictable due to its finite reward. If we had inflation, this wouldn't be
a problem.
ThickAsThieves:
a number of your assumptions are also in contrast with known history
furuknap: The model actually assumes
a certain block size increase.
furuknap: Oh, I agree. People bay hundreds of dollars for an iPhone and that is just
a piece of shit.
furuknap: I was thinking something like that, but really, is isn't required. The numbers won't change so they are the same in three months or
a year and will just show the same results.
mircea_popescu: furuknap : make
a statement of it, publish the hash of it
furuknap: It's really not that complicated. It makes
a couple of assumptions. 1) With the current dividend level, AM will focus solely on churning out cash, not preparing for 2016 halving, and 2) in 2016 due to halving of revenue, share prices will halve too. If those assumptions are correct, you simply divide half the current share price over the number of weeks or months, subtract that from the dividend based on expected hashrate (whi
furuknap: It's not
a 'secret' per se, but if I'm right and publish in advance, I'll just be charged with trying to manipulate the price. I have no intention of manipulating anything. I have no insider information, just an analysis that shows there is no way for investors to recouperate their investments at these levels.
kakobrekla: its not like we have
a log or anything.
furuknap: I think
a lot of the people right now are missing something, possibly vital too.
ThickAsThieves: "This is amazing, thanks for posting this Ben! If Dwolla was located in Chicago I'd be applying for
a front-end dev job right now."
mircea_popescu: anyway, the reason \women don't work for him is cause he's
a creepy looking dude.
Chaang-Noi: yes, ltc is
a joke,
a joke so funny i made $500,000
furuknap: Actually, it's up about 10% vs BTC and 20% vs USD just in
a couple of hours on BTCE.
furuknap: Uhm... Did LTC just have
a rocket up its ass?
Chaang-Noi: he tried to get me to run the pt but i would not do it being
a us site and all
Chaang-Noi: he gets
a fee by having people lose
a percent on every buy and sell
furuknap: I agree, and to me, it's
a red flag.
Chaang-Noi: oh, i know burnside has
a significant number of shares
furuknap: Well, there is
a major difference betwen being
a PT operator and holding shares. You can be
a PT operator and not hold
a single share yourself.
ThickAsThieves: 5% of divs is entirely disproportionate
a same to worry about considering the share value
kakobrekla: >We will be launching
a product with consolidated, real-time, high-volume market moving news feed. We scrape data from hundreds of news sites, twitter, forums, and company blogs. The data delivered will be highly processed. Features will include summarization, entity recognition, topic recognition, and sentiment analysis. We also can assist in platform integration (UI and API). If you are interested in integrating our data feed, please fee
davout: mircea_popescu: we shall have
a concert for the conference #2
mircea_popescu: davout : the girl wants you to know that she's answered "spoken like
a true gypsy" in the nigger thread but some mod beleeted it.
furuknap: ...then you sell out and buy
a mountain of cocaine?
Chaang-Noi: <mircea_popescu> bitcoin wearers unaffected. im going to make
a necklace out of
a casasicus 1000 gold coin
furuknap: The drawback of that strategy is that he still needs to get
a proper racehorse at some point, and the process isn't going to be quicker for him. People think he can just snap his fingers and have 262 TH in production, but with the current tech, that takes
a lot of space and he's already running into issues with that.
furuknap: That's always
a risk. Same can apply to AM 2nd gen.
furuknap: Problem is, if or when there comes
a correction, those clueless investors will cry 'bubble share' whenever they can, tainting AMs ability to appeal to serious investors.
mircea_popescu: well they've created
a few problems for themselves with the horde of clueless investors, but anyway.
furuknap: mp, absolutely, which is why I have faitrh in the operation if they can calm down
a bit.
mircea_popescu: financially clueless, but that;'s not exactly
a crime, few op managers grok finance.
furuknap: I trust his honesty.
A bit skeptical about business abilities.
furuknap: Chaang: yeah, but not there's
a retail thread with "mail me to buy" stuff.
furuknap: I agree, but I'm sure hell post sales numbers after
a while.
furuknap: The European group buy got mad attention after
a /. post, selling around 800 in
a day.
truffles: “My daughter waited one minute to get on ‘It’s
a Small World’ — the other kids had to wait 2 1/2 hours,” crowed one mom, who hired
a disabled guide through Dream Tours Florida…
furuknap: Yeah, but they need to sell
a hell-uva-lot of them and so far the only order I've seen is
a few hundred from
a US group buy.
furuknap: It's been flat for about
a week, though, and I think I read they had problems finding stable space, although that might be earlier.
Chaang-Noi: they also just sold
a shit load of units cuz, people paid crazy prices for them
mircea_popescu: which is
a lot better than asicminer too, seeing how they still don't have the 12th promised for feb/march
mircea_popescu: there, he put
a 100 btc on the theory that he shows working asic doing < 1watt per ghs