370700+ entries in 0.086s
mircea_popescu: pankkake all miners eventually explode. even the radeon ones,
mircea_popescu: ThickAsThieves in a functioning economy he gets it just in time to mine 10.98x btc off it
mircea_popescu: i'm looking forward to the "bitbet should close all the bets and send all the bitcoins to me plzkthx"
mircea_popescu: double spending selectively some confused dork's unheard of casino site
mircea_popescu: and all the public has to go on is the very dubious blockchaininfo ip identification
mircea_popescu: they can trivially separate broadcasting, what's to keep them
mircea_popescu: no but they just broadcast the block off a new ip each time
mircea_popescu: another way of saying "concern trolling on a planetary scale"
mircea_popescu: no but see, that's the electoral system. people with no skin in the game vote on how the game should be run
mircea_popescu: because i think their opinion is not worth the shit it's carved in.
mircea_popescu: basically bitcoin rewards exactly the opposite behaviour that us elections reward.
mircea_popescu: Neil take bitbet. part of its success has to do with me pissing all over the reddit crowd and its sensibilities.
mircea_popescu: Neil that gaming theory has the barb that it workls in reality, not in people's imagination. there's a huge premium on pissing off the right crowd of people.
mircea_popescu: i suppose the #1 reason noobs are still being scammed blind is the fact that idiots run arround making false scammer claims all teh time
mircea_popescu: i find it fitting that the first comment on the largest prop bet in the history of bitcoin is "beware of this scammy website"
mircea_popescu: if there's a 2 day fork say the no people will make out like bandits.
mircea_popescu: so basically you can either risk 1 btc for 7 cents on one side, or risk 1 btc for 4 btc on the other side
mircea_popescu: and let me point out to you that originally nobody thought there's a chance in hell it reaches 2bn by feb.
mircea_popescu: Neil i think our 50:1 bs is misstating the point. a guy betting no only gets 4x his btc
mircea_popescu: but hash rate is "how many times per second did we fail to solve a specified problem"
mircea_popescu: if real odds are 30 and the site shows 50 you're more likely to see people piling on the heavy side i think
mircea_popescu: in general people seem to be more like fishing for "the sure thing" than acting strategically.
mircea_popescu: b0n1 currently the money is about 30:1 that difficulty will be over 2bn this month.
mircea_popescu: ;;later tell benkay well, in the meta sense that setting what and how much clothing chicks wear in your town counts as natality allocation.
mircea_popescu: the ~1500 bfl march bet is still a record in nominal terms
mircea_popescu: BingoBoingo what's the record for the largest bet in vegas ?
mircea_popescu: well if you pork her... it stands to reason your porker goes in her pork holster.
mircea_popescu: either the police or the press, but provably that cypher does not translte to anything
mircea_popescu: asciilifeform the thing here is that it'd seem to actually give someone the lie
mircea_popescu: the state the world is in ;/ soon enough we'll be seeing teh media report on single moms that have discovered peroxide in a bottle in their medicine cabinet (who knows how it got there!)
mircea_popescu: The breakthrough came when they decoded the symbol that represented the letter C, which enabled them to slowly begin to understand the rest of the strange alphabet."
mircea_popescu: nevertheless, "It was deciphered by two police officers with an interest in codes and word puzzles.
mircea_popescu: a bright octopus could probably be trained to break these
mircea_popescu: this has been like the lulziest forum report in a few weeks.