367300+ entries in 0.144s
mircea_popescu: no, that's the beauty of it. i won't need a joe pesci.
mircea_popescu: somewhere there's an old greaseball who knows all the angles of line betting.
mircea_popescu: so that this thing may ruin the faces and lives of people i don't like.
mircea_popescu: because i don't wish to destroy, i wish to exist. bitcoin is essential to this, and so here i am doing things i don't particularly wish to do on their own,
mircea_popescu: yeah, this sounds promising. and i'll have to do what, explain to them what they're doing wrong ?
mircea_popescu: the ones that failed to get listed on mpex and imagine they're into bitcoin ?
mircea_popescu: except they miss about half the pics, like say the drunken shots of her getting shagged in front of the courthouse.
mircea_popescu: buncha old farts who think themselves cutting edge because they sorta-can read the email their granddaughter sends
mircea_popescu: then i'd have their book, go through the past 20 years, talk to everyone.
mircea_popescu: because i'd have to have a bank do it for me, and i'd have to impose they interface btc, which they don;'t wish to do etc.
mircea_popescu: ThickAsThieves yes, but i can't do that while random fuckwits keep smoking pot and getting arrested.
mircea_popescu: ThickAsThieves intrade is ded. not sure if popular tbh, but definitely dead.
mircea_popescu: i don't have a book. anyone has/knows someone with a large old style book ?
mircea_popescu: herbijudlestoids i would love to target high net work bettors, strictly to hear why they think it sucks.
mircea_popescu: ThickAsThieves obviously more research is needed here. for one thing, how do we even know they're truffles.
mircea_popescu: which is a question that has to be resolved bfore i throw money at marketing people.
mircea_popescu: it would seem so, but i have suspicions that it's simply a question of there not being a market.
mircea_popescu: bitbet actually PAYS 100 dollars for every bet made, yet people don't make sports bets.
mircea_popescu: it has more liquidity than vegas and no coverage at all
mircea_popescu: the difference to your risk of ruin between 1 and 4% is HUGE
mircea_popescu: herbijudlestoids what's the house comission on line betting normally ? 2-5% ?
mircea_popescu: truffles nobody knows the market. some people admit to it.
mircea_popescu: ThickAsThieves this is factual. the question of interest however, is if such an audience even exists, and other such things.
mircea_popescu: hft bots aren't a magic amulet, like "bitcoin makes me anon so i can buy drugz"
mircea_popescu: the problem is this : other than the intrinsic unfairness to the bettors of the line model, it also requires VERY highly skilled people working for the hgouse, and non stop.
mircea_popescu: Duffer1 there's at least half a dozen diff sites that tried - and failed - to live on that model.
mircea_popescu: BingoBoingo but there are plenty of insane bets on bitbet
mircea_popescu: if that's the case, a start-up hoping to get that market on a new model would be kinda doomed. the paying customer is too old to move and the young customer does not exist.
mircea_popescu: so perhaps a correct model could be, "sports betting consists of people who lived in the 70s, had fun with bets in the 70s, continuing to do what they did then, where they did it then"
mircea_popescu: so in that theory, they will exist in old venues (like days ago someone mentioned old style phone service that's still continued . to the death of the captive customer)
mircea_popescu: nobody cares anymore about sports, and the bets continue sort-of by inertia, like investment in yahoo continues.
mircea_popescu: however, it may also be that SPORTS BETTING isn't central. or in other words : the focus on advertising, scandal and bullshit, as wel las changing social mores and expectations have pretty much killed that model.
mircea_popescu: the obvious explanation, and perhaps the likely one, is that bitbet just isn't particularly central in the betting space.
mircea_popescu: BingoBoingo you know, i burned a lot of cycles on the subject of why the fuck sports bets are faring so poorly on bitbet.
mircea_popescu: but WHY did they protestg, what's being objected to exactly ?
mircea_popescu: are they saying "we don't have to sign something we don't want to sign because jesus" ? is it mopre like "we don't want to say anything definite about abortion in writing because we can't grok the consequences" ?
mircea_popescu: i mean... i don't get it, i consider myself educated and so forth but i can't come to a conclusion
mircea_popescu: BingoBoingo that entire dispute is pretty much a testament to how fundamentally unworkable the system has become
mircea_popescu: from cnn right after the O speech last night: I think I’ve said before that I think a speech by Barack Obama is a lot like sex. The worst there ever was is still excellent, and I thought he gave a very competent performance tonight”
mircea_popescu: that's the fifth or so peso they ruined, those people.
mircea_popescu: so it looks like argentina will be getting a currency reform
mircea_popescu: if they're say 2x2 to 3x5 or so they look... you know, like a leopard
mircea_popescu: you could have the light concentrate in particular places, make the girls look like leopards naturally.