log☇︎
368200+ entries in 0.965s
mircea_popescu: course the results will be dubious on the face, cause of possible bias, but still, it's research.
mircea_popescu: if you like math, one thing you can do is define this game as a GM construct and play a billion rounds
mircea_popescu: yup
mircea_popescu: yup
mircea_popescu: these are the edges pretty much
mircea_popescu: that'd be all.
mircea_popescu: well 0.5 2 .5 ya
mircea_popescu: right.
mircea_popescu: but as a game-theoretic construct i mean
mircea_popescu: is your argument that the average provably converges away from the center ?
mircea_popescu: jurov now, these are more or less the edges of the space.
mircea_popescu: how you mean ?
mircea_popescu: let the prospective issuer get the ok of someone who knows what the fuck they're talking about first.
mircea_popescu: issuance of assets is not something that should ever be public facing.
mircea_popescu: there, a year ago almost to the day
mircea_popescu: http://trilema.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/
mircea_popescu: whoa check it out, google went on a relevancy break
mircea_popescu: ;;google why i nixed colored coins
mircea_popescu: colored coins died in 2012.
mircea_popescu: Dimsler you're way behind on your reading.
mircea_popescu: and get paid 5 btc in cash
mircea_popescu: again, net. on paper in fact they get 5 btc, of which 4.5 btc comes out of their capital, so they are left with 5.5 on the books,
mircea_popescu: 10 gets .5, 40 gets 2, 10 gets .5
mircea_popescu: 4th month : profit 3 btc, capital 60 btc.
mircea_popescu: jurov i was waiting for you to ok it as i had a 4th month
mircea_popescu: well w/e, i presume he means waves.
mircea_popescu: ya, wut ?! 2012 is tier 3 already.
mircea_popescu: Dimsler the idea is to replace institutionalised investors with mpex, not to shittify bitcoin by having it look more like something dimon might easily wrap his head around.
mircea_popescu: myeah.
mircea_popescu: Apocalyptic pretty much everyone that knows me won't, for one.
mircea_popescu: people with no money and no brains don't count in this world.
mircea_popescu: what's worse, reddit has no brain.
mircea_popescu: sure, reddit uses them. reddit has no bitcoin.
mircea_popescu: Apocalyptic extremely widely accepted. here's a secret of polychinelle : starting with about 6.0, the versions of bitcoin fromn the so called "dev team" have just about zero support.
mircea_popescu: you just can't take your own money out of your own bank anymore, is all.
mircea_popescu: they didn't change the term of service, either
mircea_popescu: so they claim.
mircea_popescu: so they may be killed.
mircea_popescu: they're the people we wish to kill, and they're the reason we even work with bitcoin in the first place
mircea_popescu: and that periphrase does not only name mike hearn, even if it fits him so well. in fact, there's a legion of this sort of scum floating about.
mircea_popescu: unless you're an impotent fuckwit with delusions of self-importance who imagines that if he's eaten catered food under enough cheap false ceilings he now has something to say on this - or any other - topic.
mircea_popescu: suppose you let them pick ?
mircea_popescu: as if this is a problem that actually needs a solution at any point.
mircea_popescu: "because this way the woman can't lie about when she feels like getting laid"
mircea_popescu: is this a better way to fuck, iyo ?
mircea_popescu: pankkake what is your definition of "better way" ? like, instead of a woman telling you when she's ready to fuck, she wears a collar sold in a shop which beeps ?
mircea_popescu: jurov yes, the point of modelling is to go through the extremes
mircea_popescu: how is it ok even without cas.
mircea_popescu: el sueno de la razon...
mircea_popescu: Apocalyptic he said it looks fine ?!
mircea_popescu: jurov no, these are net
mircea_popescu: 10 loses 5.9, 40 loses 23.5, 10 loses .59
mircea_popescu: moving on : 3rd month. 30 btc loss, 51 btc capital.
mircea_popescu: and that's fine.
mircea_popescu: i don't know right off, but are you proposing that two years of mpoe covers the entire universe of possibilities, and nothing new will ever happen in the future ?
mircea_popescu: shareholders get 122.5 btc
mircea_popescu: 10 gets 5, 40 gets 20, 10 gets 2.5
mircea_popescu: 2nd month : 150 btc profit, 55 btc capital needed.
mircea_popescu: yes, 15% on 5 btc
mircea_popescu: right ?
mircea_popescu: 10 gets 1.5, 40 gets .75, the remainder 2.75 goes to shareholders.
mircea_popescu: 1st month : 5 btc profit, 15 btc capital needed.
mircea_popescu: bonds : 10 btc at 10%, 40 btc at 15%, 10 btc at 50%
mircea_popescu: jurov let's model things for a second.
mircea_popescu: jurov basically you seem to me to proceed on the theory that "large capital needs" necessarily means "mpoe makes a loss". this seems baseless.
mircea_popescu: i stil ldon't see how is loss guaranteed ?
mircea_popescu: if you get touched. yes.
mircea_popescu: at least imo
mircea_popescu: however, the capital needs as a volume of btc and the losses as a % are not necessarily correlated too well.
mircea_popescu: his theory is that when shtf and bonds get eaten up you may lose.
mircea_popescu: jurov well yes, it's a longshot.
mircea_popescu: Apocalyptic nobody honest wanted the job ?
mircea_popescu: well, unless mpoe makes 25% profit on a stable month and there's nobody else there, in which case you walk away with 25%
mircea_popescu: how worse ?
mircea_popescu: (the sums not used even if available each month are not reported)
mircea_popescu: the stats as reported are overall, and moreover they misrepresent data in a sort of implicit leveraging
mircea_popescu: it's complicated
mircea_popescu: supposing you for some insane reason actuyally want a job in cacademia.
mircea_popescu: you don't realise it now, but in a decade being able to point to a verifiable 10 year history will mean you can have any job you want.
mircea_popescu: also publish it somewhere.
mircea_popescu: great time to do some foundational work.
mircea_popescu: cads seriously now : it's a vast field, it's by far the most important thing happening on planet earth for now, the majority of people "involved" are carpenters by trade, if not professional welfare leeches.
mircea_popescu: afaik that dropped in the 90s
mircea_popescu: anyway you can apply some of that study to bitcoin finance for great justice ?
mircea_popescu: well on this side of the lake as you can see, we're preparing to set on fire us embassies, or something. basically everyone's in agreement there shall be a war, still ironing out where exactly.
mircea_popescu: suddenly disappeared means either got a kid, got a habit or else scammed a buncha coins. what is this work and study you speak of.
mircea_popescu: but anyway, what are you up to these days ?
mircea_popescu: cads until someone loses an eye. then it's hysterical.
mircea_popescu: a gem. ty p
mircea_popescu: bwahahaha this is great. "hey guise i am new to internet stuff, it's all fake rite ???"
mircea_popescu: "The chat room on the site is very active but the conversations there are unusual and non-linear. It has the feeling of looking busy with no real context at times and at others the conversation is very linear."
mircea_popescu: best proof.
mircea_popescu: "The names of the players on the site are unusual (it is like someone got a book of american names without a real understanding of why americans would be unlikely to either have or pick those screenames)"
mircea_popescu: w/e was saying the same thing re bitbet, "bitcoins being locked here prevents the owner from losing it"
mircea_popescu: this is a valid point.
mircea_popescu: "Thankfully, Coinbase said it would take six days to get my Bitcoin and so I didn't have it available to make an investment in the bankroll of the just-dice website."
mircea_popescu: the kids and their delusions of grandeur.
mircea_popescu: lol reddit declares shit.
mircea_popescu: meh
mircea_popescu: ;;seen dooglus