341700+ entries in 0.129s
mircea_popescu: i like big women too, but these seem big in all the wrong ways in all the wrong places.
mircea_popescu: then you're regaled something from the roadside freakshwo cca 1905
mircea_popescu: lmao at all this "genetically superior both physically and mentally"
mircea_popescu: nubbins` isn't it traditionally reserved for the girlfriend of the chemist making the dope ?
mircea_popescu: davout well i can't find it now. some kid from the "community" of self-proclaimed experts wrote some sort of article/"white paper" on how bitcoin exchanges should do x y z to get their risk of blowing up in line with the risk of the average 20yo getting hit by a bus
mircea_popescu: because you know, little train engines that can, these people.
mircea_popescu: asciilifeform yeah something based on how likely it is for the avg 20yo to bite it
mircea_popescu: supported by evidence this strange view oif his, seeing how bitcoin exchanges have the life expectancy of trisomic neonates
mircea_popescu: davout from what i recall, some random idiot opining was claiming that getting the average bitcoin exchange at the safety rate of the average human would be a great gain in security.
mircea_popescu: asset-based corps dampen management incompetence, allowing outright thieves to run for a longer time than the yshou;d
mircea_popescu: which part, the different risk class part or the sorting of the classes part ?
mircea_popescu: not saying asset-holding is bad for all time or anything, but it is riskier.
mircea_popescu: the argument boils down to "fully distributed, non-asset hodling btc corps are a better risk class"
mircea_popescu: so what's in scope is running the court system of bitcoin
mircea_popescu: to this position where he jsut lost a good 90% of his value
mircea_popescu: investor has gone from this position where he realises gains each month
mircea_popescu: then two years later wynn hotels hit a slow patch, get sold for scrap
mircea_popescu: and it finally means that about 70% of that value is actual assets.
mircea_popescu: this obviously will force a modification o the contract, making bitbet a nz0 now.
mircea_popescu: the forums will be extremely excited at this development.
mircea_popescu: but consider this : suppose tomorrow some great[ly idiotic] new manager takes over from me, and decides to expand bitbet by buying wynn hotels.
mircea_popescu: expansion in that sense is not useful for an investor.
mircea_popescu: people keep changing things randomly because of this unwarranted and unwelcome expectation that "new and therefore better"
mircea_popescu: basically the business of the bookie equals the actual bookie.
mircea_popescu: the correct way for this to work would be for someone (respected and competent as a bookie) to start a fund
mircea_popescu: or couldn't trust mp or couldn't lock his btc up for months ?
mircea_popescu: so then... what, the guy with 200 didn't know about berkshire ?
mircea_popescu: if anything, the fascinating thing with that 200 is that it didn't land on the no side of berkshire
mircea_popescu: so were the implied odds wrong before or are the implied odds wrong now ?
mircea_popescu: but i can't dispute the facts on the basis of my own opinion either.
mircea_popescu: this is like telling me friction prevents wallstreet from pricing gold, because fucktards in namibia have no ws access
mircea_popescu: all the other smarter-than-life players ended up in the same bin.
mircea_popescu: i suppose in a way it was a gamble, guy risked 2 btc on the theory "bitbet bettors are idiots"
mircea_popescu: that we readily agree. coin toss and weight doesn't mix
mircea_popescu: but your claim mostly consists of a large "bitcoin wont be over 10k" leg with a tiny "this other thing" leg
mircea_popescu: so just because he went on long odds you're telling me bitbet is broken ? dude wanted the long odds, what can i say
mircea_popescu: i'll take even odds on the proposition that 1k4fs makes money *irrespective* of result
mircea_popescu: but then i'd have to hedge it somehow because clearly it's contingent on how the bet plays out.