342900+ entries in 2.581s
smickles: it could be
a hedge for some tho
assbot: [GLBSE] [PPT.
A] 7 @ 0.5 = 3.5 BTC [-]
smickles: heh, seems legit to me, get out of
a place where you don't want to be, or get paid bank to stay there
smickles: there was the clueless director, the yesman, the buzzword guy, and
a woman in
a confrence
BTC-Mining: SYNERGY? reminds me of
a Dilbert cartoon...
BTCHero: How would
a business hedge
a large number of coins, say 100k usd worth, so that they wouldn't have to worry about btc price rising
boonies4u: Mircea Popescu is
a scam artist and has
a small penis.
boonies4u: mircea_popescu: if I was
a hacker, I would bet for myself
EmanuelDeOrtego: Matthew's bet only says he has
a 50/50 chance of paying out.
EmanuelDeOrtego: They are going to be pissed off because it will be
a long time until he pays out.
rg: [20:06] <+Gladamas> <pirateat40> I'd just like to say, I never expected all this madness when I shutdown BS&T. It's been
a lot more work than I could have even thought and I simply messed up. In hindsight, I shouldn't have stopped things so suddenly. Although it was nice to finally get some sleep, things have been spiraling out of control this week and pushing my personal deadlines.
Doffx: that looks like
a selloff at first
smickles: wow, just won
a pot about as large as the max buy in with highcard
smickles: i would've liked
a nice quick payoff
smickles: still,
a 10% yeild is damn good
mircea_popescu: course, if we had
a year's worth of data. but there's pretty much 4 months of which prolly the first is meaningless anyway.
smickles: just variance tho, like
a red streak in roulette
smickles: but that is
a bad number to look at,
assbot: [GLBSE] [PPT.
A] 18 @ 0.5 = 9 BTC [-]
BTC-Mining: Seems like
a traditional company valuation
BTC-Mining:
A bit under 1% per month or 10% per year, assuming no growth
mircea_popescu: tbh, irt going to 50 i could see. it going to 70 seems
a little rich.
smickles: err, do you have
a WOT identity EmanuelDeOrtego ?
EmanuelDeOrtego: I am trying to guess the top on Satoshi Dice but it's hard without
a dividend yet
smickles: is it better than buying
a call?
EmanuelDeOrtego: Okay, I made
a deposit and 11 confirmations later, nothing.
assbot: [GLBSE] [PPT.
A] 32 @ 0.5 = 16 BTC [-]
smickles: i contest that it was just ut usaf jamming my mouse as
a test
assbot: [GLBSE] [TYGRR.BOND-
A] 3 @ 0.152 = 0.456 BTC [+]
smickles: yeah, it's just
a slow moving asset, and it has an easily calc'd value
mircea_popescu: go get
a pit spot on nyse, see how much that runs you.
EmanuelDeOrtego: Mircea_popescu: You won't be charging 20+ BTC fees when
a Bitcoin is over $100. : P
smickles: heh, too bad, i'm not in
a position to ffer that quite yet
smickles: off hand, i'd say we take it one week at
a time and charge 1% per week
smickles: it's
a wilerless keyboard/mouse from logitec
BTC-Mining: It's like saying authorities would not do anything about someone stealing your cents, under the fact they have pretty much no official face value, when it's
a coin collection and those cents actually predates 1900 or contain
a few rare specimens.
smickles: i have 2.8 billion in monoply money in
a suitcase
BTC-Mining: someone should already have filed
a police report or something...
smickles: it should be
a financial manager of some kind who calculates the fundamentals from that data
BTC-Mining: waaaiit... just noticed it was impossible to have
a small letter L in bitcoin adresses...
EmanuelDeOrtego: I think Pirate is going to do
a MyBitcoin because he doesn't have the Bitcoins.
EmanuelDeOrtego: I remember when I could get hundreds of Bitcoins on
a Pentium 3
DeaDTerra1337: Vlad is throwing
a BBQ in connection to the conference but it's on the 19th or something like that
mircea_popescu: so to make
a long answer short, for the time being the costs of resolving this problem don't seem justified. even with the ipo or w/e it wasn't my deposit system that ever was the bottleneck
mircea_popescu: it's just... secure software is
a big, complex and thorny topic, you know ?
smickles: you could use
a client with seperate and unused wallet data
nefario: GLBSE 1.0 had
a command line client and key based auth etc.
kakobrekla: also 'smpake' should prolly get
a better name after going out of beta, suggestions accepted :)
mircea_popescu: 0,9998! dude, that's got to be
a record for btc and implicitly everything
mircea_popescu: not that 1 btc/month is any big deal in any case, like
a newspaper subscription.
smickles: if it's utility, then it is more likely to be
a bellcurve distribution
mircea_popescu: ya but the person bidding doesn't bid on
a luxury item
bitfoo: because it's
a more scarce commidity being bid for
smickles: unless it's
a bell-curv distro
mircea_popescu: and you sell an infinite ammt at 1 satoshi you make
a loss of infinite btc
smickles: i believe that nefario has
a reason to charge for the service, so such
a low price would likely defeate the purpose
smickles: i wonder if there is
a way to have the auction style payment per month, while not giving you the incentive to create scarcity
bitfoo: I meant the 1 btc, I'd pay it if I were running
a bot
bitfoo: anyone running
a bot would jump at that
smickles: i don't do engough trading to justify 1 btc
a month tho :/
nefario: giving
a significant advantage
smickles: buy at .1, sell at 20, not
a bad plan if it happens