log☇︎
345500+ entries in 2.433s
mircea_popescu: a, no rush, just wanted to see if its doable.
mircea_popescu: o that's a good point.
mircea_popescu: ;;later tell kakobrekla hey listen, can you introduce !ticker for mpex too ? you'd have to read http://polimedia.us/bitcoin/mpex-vwap.php, it's a json and just parse for the symbol. it allows concurrency and goes pretty fast.
mircea_popescu: you'd have to read http://polimedia.us/bitcoin/mpex-vwap.php, it's a json
usagi: YARR is profitable even if I continue to pay out 0.01 a day
mircea_popescu: prolly works best with a plan first
usagi: Five thousand miles away from Japan, in a city known as "New York", a man ordered a cup of coffee. He paid for it with a dollar. Little did he know that due to the butterfly effect, five thousand miles away from New York in a country called "Japan", a young Englishman pretending to be Japanese had come up with a genius idea. Or perhaps it was the hundredth monkey theory. The point is that the man who bought the coffee was a computer
assbot: [MPEX] [B.MPCD.A] 1337 @ 0.001 = 1.337 BTC
usagi: And this one was mine. It all started one day in 1996. This is the story of one Satoshi -- the Satoshi that knew too much. Although if one were to be intellectually honest one would have to mention that Satoshis are not sentient and can't really know anything. It's just a manner of speaking. Yes, it's reification, but there is a method to the madness. And this Satoshi had seen and done it all.
usagi: tHERE ARE A MILLION BITS IN THE NAKED WALLET.
mircea_popescu: seems like a great premise.
mircea_popescu: yea, somebody should write a novel of bitcoin, about this one satoshi that was in ALL the scams, in all the hacks, in all of it.
usagi: "I have no doubt that John Ciuciu citizen, working man without a dick presented identity documents found on the internet and other hard evidence, clear and indisputable fact that investors will realize the benefits Ciuciu and receive money back from Ciuciu."
usagi: I don't really think it's proper to call a -PR account a sock puppet
usagi: Technically a sock puppet account is created to confuse an issue
gigavps: i don't have a sock puppet account and can speak for myself just fine
gigavps: mpoe-pr is a sock puppet account for Mr. Popescu ☟︎
DeaDTerra: or give it to me? I am always a fan of charity xD
DeaDTerra: I really want a GLBSE app for android :(
assbot: [MPEX] [B.MPCD.A] 15000 @ 0.001 = 15 BTC
DeaDTerra: so sell of a bond that's worth 1 BTC for less just due to a interest decrease is crazy :P
assbot: [GLBSE] [TYGRR.BOND-A] 1 @ 0.153 BTC [-]
usagi: Hmmm, maybe thats not a good idea anymore.
usagi: Gigamining has a huge market cap so it's a little different they can buy their way in, but if I were to buy a single and start a company
usagi: (If the answer is zero, it's not much of a business is it)
mircea_popescu: this would be a worthy ideea.
usagi: What we should do is make a list of questions, designed to expose the failures of the past,
usagi: You can't seriously run a business without a treasurer or a dead man's switch nowadays
usagi: All of those failures are because one person had too much control over a business
mircea_popescu: understand : these are high risk propositions, the ideea we'll get rich because we're sparrows and find a crumb some ogre lefrt behind.
mircea_popescu: to put it in perspective : we're discussing the efficient moving of coal, and somebody proposes they will do it by car and shows that their cousin who is a cab driver drives a cab on a yearly budget of 10k.
mircea_popescu: usagi : a. esillicon does not own or run foundries, they mostly manage other people's runs b. bfl has no 75 mn mkt cap.
Diablo-D3: its hard to get a bad chip rate on 130nm nowadays
usagi: eSillicon signed apple when they only had a market cap of like 75 million
usagi: I see a lot of small companies around 10-100 million that do small runs
mircea_popescu: you're under a wrong impression.
usagi: like 50 or 100 i imagine, on a chip
usagi: It's actually not that difficult, just a lot of sha cores right
usagi: They have a design
usagi: I'm under the impression you could go to any of 50 companies with a design and have them print it
usagi: Mircea you seem a little out of touch with the market these days, no offense
mircea_popescu: doing an asic run is actually of the complexity level of releasing a blockbuster movie.
mircea_popescu: this "can do" attitude has gotten people in a ridiculous position.
mircea_popescu: i think few people comprehend the intricacies of getting a foundry to do a run.
usagi: Mining bonds are inherrently a bad investment
mircea_popescu: is this a case of miners not understanding finance ?
PsychoticBoy: knowing now its worth not a thing
nefario: with a dick in your mouth
PsychoticBoy: you are slowly killing your company Diablo + a lot of other GLBSE assets too, since your stupid asicminer swap
assbot: [GLBSE] [NYAN.A] 5 @ 1 = 5 BTC [-]
assbot: [GLBSE] [NYAN.A] 100 @ 1 = 100 BTC [-]
DeaDTerra: I have actually added a couple of rules to my investment rules book ^^ to prevent it happening again
DeaDTerra: I think a lot of us learnt from the whole JRO mess, At least I know that I learnt a lot.
mircea_popescu: didn't kludge get burned a yet undisclosed ammt over the owens/zip/rebate fiasco recently ?
mircea_popescu: a ok
mircea_popescu: <assbot> [GLBSE] [DMC] 4 @ 0.05 = 0.2 BTC [+] wait a second. didn;t that start at 1.0 !?
assbot: [MPEX] [B.MPCD.A] 120000 @ 0.001 = 120 BTC
mircea_popescu: it'd be a few days prior.
patrickharnett: I didn't notice the 30'th date - wouldn't be a problem anyway
patrickharnett: yes, there is a lurking starfish
mircea_popescu: that might be a great ideea actually.
kakobrekla: someone should make a cdo from all pirate insured offers
mircea_popescu: i think it's pretty much by the book a cdo.
teek: so if what mircea_popescu is doing is a cdo then no
teek: i am honestly not sure, but teek.a and teek.b really have no relation other than name
usagi: Well teek, didn't you actually invented the first CDO you know, teek.A and teek.B?
usagi: there are three, chain-default tiers for which the interest paid is declared by fiat out of a pool, and not related to the underlying value of the funds?
usagi: nyan.a is guaranteed by bitcoins held in an offline paper wallet.
teek: mircea_popescu, the %'s for a,b,c are these arbitrary #'s you decide or is there some math behind them?
mircea_popescu: tbh i don't think there exists more secure anything than .A atm.
mircea_popescu: A is 400 out of a 1.1k pool.
brendio: MPOE bonds loose if MPOE makes a loss. For A to lose, one and possibly more of MPOE bonds, Patrick and NYAN would need to makes losses.
kakobrekla: i dont see how A can have less risk than MPOE bond if its operated by you on the end
mircea_popescu: A has practically no risk i would guess.
kakobrekla: hm imho clean mpoe bonds is better deal than A or B
mircea_popescu: well that is the very point of a cdo.
eennaam: start a niche market with regular speed food restaurant , or hell even slow food
usagi: No one is saying they invented a CDO
usagi: It's a big market, I'm not the only fast food restaurant
DeaDTerra: Maybe a NyanCat? or maybe it wasn't a cat at all just Nyan. yea just Nyan
mircea_popescu: a cat ?
DeaDTerra: Wow creative... I think I have heard about that before... something about a cat
mircea_popescu: alrighty so. ANNOUNCEMENT : introducing MPCD.A, .B and .C
DeaDTerra: or maybe a bit less
DeaDTerra: ASIC it depends on volume but pm me for a price ;)
assbot: Requesting data from GLBSE (might take a while).
DeaDTerra: The matter is by no way proven, but it's leaning enough for me to invest a good % of my capital into pirate
DeaDTerra: Of course you never know, and I am not saying it's not a risk. It's high risk high reward game.
DeaDTerra: Showing up in person, which matches a previous picture of him.
usagi: It's weird. Every time I list a new security, 2 or 3 pop up just like it
mircea_popescu: just give me a second here to finish this :D
Chaaaang-Noi: its not hard to get 4.8 or 4.9% with a bit of trust :)
Chaaaang-Noi: 5% a week is still freaking awesome
DeaDTerra: and is there a official announcement yet?
Chaaaang-Noi: want me to send you a second box full of 21 gpus? :)
teek: cmon btc! daddy needs a new set of gpus!
mircea_popescu: if you wait a few minutes i'll show you the actual contract.
teek: mircea_popescu, still a little confused.. so in this case harnett would be the senior tranche thus offering the least reward, then mpoe, then you need some others in there or?
usagi: Then it will go back to .3 then up to .8 again, but that might not happen for over a year
usagi: The reason why is because each price point represents a new wave of investors after the old wave has covered their risk