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mircea_popescu: Confirmed total: 14820 BTC. so like 1.482 btc average pool
mircea_popescu: no idea what i'll do with this entertainment section tho, it's even more fucked up than sports currently.
mircea_popescu: this should also work nicely with []bot's live streaming of bets.
mircea_popescu: so from now on, sports bets will end at 10k, and close after the event.
mircea_popescu: then a few bitcoin bets during the event make sense, even if they're 1/10 weight
mircea_popescu: but if the most it collects is the few bicents we mostly get currently,
mircea_popescu: consider our case. bet is made on 1st. weight is 100k. if someone puts 10 btc on it then, it's sealed.
mircea_popescu: los_pantalones yes but 100k to 1 is too much for sports.
mircea_popescu: i wonder if people's cvs will end up including links to ba logs where i go "my bad"
mircea_popescu: just do it like this : current resolutrion date becomes close date
mircea_popescu: kakobrekla hey listen, we take the close date on the recent WC batch from 24th to 26th ?
mircea_popescu: specifically, i'll make the mods put close dates for sports bets AFTER the event.
mircea_popescu: anyway, this bitchfest of mine has yielded quite actionable advice from the chan that's +IQ
mircea_popescu: if you own 1% of all bitcoin, you're guaranteed a 1% slice of any bet pool you ever wish to have.
mircea_popescu: mike_c provided you own the % of total world capital that you wish your % of the pool to be
mircea_popescu: you wish to have 1% of the pot, you can make sure you do no matter what happens
mircea_popescu: AND the beauty of parimutuel is that you can always adjust your exposure to a pot %
mircea_popescu: to explain this to people, who otherwise would be betting
mircea_popescu: los_pantalones which is why i need a bunch of fucking affiliates
mircea_popescu: kakobrekla that can't be past year. it must be all time
mircea_popescu: then you want to push the other way ? bet a little more on mp. so its now 58k to 37k
mircea_popescu: one hour later, weight being 84,500 you decide to buy more LP
mircea_popescu: so, on 1st of month bet MP vs LP is made. game is set for 5th. bet closes on 7th.
mircea_popescu: los_pantalones let me translate what you just described in bitbet terms.
mircea_popescu: im not sure why you think what you're describing isn't already present on bitbet.
mircea_popescu: los_pantalones drinks, tits, streaming game, betting tips, a whole atmosphere such as it is
mircea_popescu: mike_c the other way to formulate this is, sports bettors are not motivated by the money. they expect specific sorts of services provided
mircea_popescu: asciilifeform yes, but that's the same bitcents they do here
mircea_popescu: kakobrekla do me a favour, calculat ethe sum pool over the sports bets past 365 days
mircea_popescu: the way I figure it, if the wc set fails to attract 500 btc total pool, we'll just ditch sports as a category and mostly reject all proposed sports bet without zeroconf
mircea_popescu: kakobrekla definitely sports don't merit their own category im thinking.
mircea_popescu: well guess what! in the past year there's exactly one sports bet that went over 5. you know which ?
mircea_popescu: basically this is the best proof bitcoin is populated by nerds