320300+ entries in 0.208s
BingoBoingo: I
thought a mircea_popescu had gurlz
to do
that.
BingoBoingo: But so long as alf doesn't get
to
telecommute from Ohio, everything
to rent bezzle
BingoBoingo: asciilifeform: It depends, but some less rebelious servile professions get pay
that is more geographically flat. See Medical folk et al...
BingoBoingo: Well
this is why alfs are stuck in alf ghettos instead of regions where
they'd have
the possibility of surplus income.
phf: at how stable bitbet is with an occasional massive positive spike), unless, it's, like, a credit
to buy an office in san francisco and pitch second round, who cares?
assbot: Logged on 14-03-2016 22:18:12; phf: and i have no idea, and i
think
that's
the problem ascii runs into a lot
too, my hour, when paid in fiat, is more expensive by a margin. but my work on various
tmsr ventures is unpaid, so a bitcoin operation,
that's funneling bitcoins at a steady pace?
phf: thestringpuller:
there's a precedent. an mpif credit was extended june 2014 and no dividends paid until credit was payed off july and august.
thestringpuller: does company get lent credit and just book
the bill as an expense? it's probably justifiable if done in a way where shareholders still get
to see ~some~ profit monthly, but company doesn't go bankrupt paying of credit.
thestringpuller: phf: so zero assets is obviously an oversight << since corporation doesn't hold any cash outside of "day
to day operations" and all profit is distributed, dealing with credit is
tricky. what if company needs
to buy a foo-machine but is
too expensive
to book as a one
time expense?
phf: so
taking out outliers, shareholders would've had
to eat it for about 5 months; question is, would've bitbet lasted
that long, in which case pitchforking just cost shareholders profits
humanoidity: jurov: I read "Nevertheless, I am floating its negative cash balance free of charge, with a view of being defrayed from future profits.". I may not be using
the accurate
terminology here, but it sounds like a loan.
jurov: it was presented as business expense
to be carried by shareholders' future profits
humanoidity: phf : gotcha. So
there's quite a bit of cash parked in
there atm, and 17btc doesn't look like at huge amount
to build back. Why on earth was mp's loan offer rejected ?
phf: humanoidity: safety interpretation is between you and your counterparties. 750.4btc, as of right now all in
their corresponding addresses
jurov: they *are* safe but subject
to liquidation, about which i have no idea
humanoidity: phf :
thx for explanation,
this answers my question.
jurov: humanoidity:
this is
tbd
assbot: Logged on 14-03-2016 22:22:18; phf: but as an advertisement platform for mpex and steady stream of income for investors i don't see ~anything~ wrong with bitbet. my current interpretation is
that a lot of various people overreacted and a sure
thing was killed.
humanoidity: Also, I'd be interested
to know how much bet money is currently parked at bitbet, and how safe
these are
phf: humanoidity: way
things stood before bankruptcy, 17btc is what
the shareholders would have had
to eat for
the next n months before getting profits again
humanoidity: Is
the 17 BTC
the operational for
this month, or is it
the cash balance for
the whole
thing ?
jurov: in any case,
thanks for
the analysis. you're welcome
to put it
together as qntra post-mortem, and hopefully get more
than $25
phf: but as an advertisement platform for mpex and steady stream of income for investors i don't see ~anything~ wrong with bitbet. my current interpretation is
that a lot of various people overreacted and a sure
thing was killed.
☟︎☟︎ phf: and i have no idea, and i
think
that's
the problem ascii runs into a lot
too, my hour, when paid in fiat, is more expensive by a margin. but my work on various
tmsr ventures is unpaid, so a bitcoin operation,
that's funneling bitcoins at a steady pace?
☟︎ phf: no
that's $25
to one owner
jurov: and
this $25 goes
to whom? all owners
together?
phf: is
that a serious question?
jurov: phf so you
think it can go on
this way, like, another 3 years?
BingoBoingo: humanoidity: At
this point everyone really just has
to go
through
the whole
thing and excercise summarizing it for
themselves
phf: jurov: i wonder if
there are referees besides kako and mp. owners got at least 75btc each plus sales of shares, plus payouts from unsold shares.
☟︎ assbot: The greatly anticipated BitBet (S.BBET) February 2016 Statement on
Trilema - A blog by Mircea Popescu. ... (
http://bit.ly/1LamWrs )
humanoidity: would anyone be kind enough
to point
to a summary of
the concerns with bitbet.us ?
phf: so zero assets is obviously an oversight, stakeholders were riding
that one comfortably until
the first snafu
assbot: Logged on 14-03-2016 19:10:37; asciilifeform:
the failure of such a miner
to exist is a game-theoretical smoking gun.
☟︎ assbot: Logged on 14-03-2016 19:09:28; asciilifeform: it ought not
to have been possible for
the miners
to agree on
this.
jurov: Rest assured he keeps his doings
tight, no idea about
the girls.
jurov: lol i should expect
this.
jurov: but otherwise,
that's open question for me,
too.
jurov: i managed
to get some crumbs
jurov: alternatively,
there is something but bitbet failed
to extract
phf: jurov: you're right,
there's not much
that can be done as far as bickering. i find some of
the positions rather petty or outright alarmist, but i can't keep people from
talking. i'm only
thinking
that an arbitration procedure could produce
tldr
that at
the very least will focus
the attention.
☟︎ jurov: and you know
that how?
assbot: Logged on 14-03-2016 21:19:16; jurov: asciilifeform: one ought
to
try
to value everything. otherwise end up looking hungry
to
these pies
jurov: but
that boils down exactly
to it -- when
the new owner goes
to assing more value
to reddit crowds
than b-a wot
BingoBoingo: asciilifeform: And
that is
the problem. Selling
to nobies may be
the right move
to recover stakeholder value, but makes post-sale venture unattractive.
jurov: asciilifeform: one ought
to
try
to value everything. otherwise end up looking hungry
to
these pies
☟︎☟︎ BingoBoingo: Who knows, maybe after reciever cuts it up Betmoose would be willing
to buy parts and carry it as
the sort of reddit betting
thing
they've been somehow floating for a while. I don't know if I would bet
there, but seems like possible buyer for domain/software.
jurov: so, best
to wind it down
jurov: i did want bbet restarted, but since
today i realized
the "can't be valued" part,
this is not feasible
BingoBoingo though is unlikely
to on his own carry a BitBet on his Betting volume
BingoBoingo may be up for continuing
to bet on a restarted BBET depending on who acquires it
jurov: phf, maybe if you apply for
the receiver and do it ;)
jurov: while bitbet is frozen,
there's not going
to be any end
to
the discussion, i am afraid.
mats dips chicken
tender into bbq sauce