371200+ entries in 0.121s
mircea_popescu: jeez, and here i thought i'm a lone prophet in a sea of denial
mircea_popescu: According to a recent Pew Research Center survey, more than five-in-ten members of the public and roughly six-in-ten members of the Council on Foreign Relations (CFR), a nonpartisan membership organization and think tank specializing in U.S. foreign policy, agree that the United States plays a less important role around the world than it did a decade ago.
mircea_popescu: you apply for a loan, they tell you you're a fucking prole and you may never ever have a loan
mircea_popescu: case 2 : you got to an interview, they tell you you're fucking retarded and get lost
mircea_popescu: case 1 : you go to an interview, they never call you back. you apply for a loan, they never call you back. you give a girl your number, she never calls you
mircea_popescu: i would guess a large section of the us poor has never encountered this situation where an entity pointedly doesn't give a shit about them
mircea_popescu: benkay i thought it's diff kids carrying the torch. perhaps not.
mircea_popescu: i thought he was doing more like a public service thing
mircea_popescu: sometimes he talks in french. other times he talks in odd words only.
mircea_popescu: mp grins at BingoBoingo's link, knowing full well he was the original investor that insisted dooglus use a gpg scheme to certify investment movements.
mircea_popescu: associating with things like jd made sense in that perspective. doog had enough sense to keep it at arms length
mircea_popescu: benkay there was no depending, tf was in search of adding value to his otherwise not particularly useful service
mircea_popescu: so, we're doing some hardware upgrades on mpex infrastructure starting Jan 8th at 3am GMT
☟︎ mircea_popescu: yeah, because people can afford to pay a a coupla grand for airplane tickets + hotels + etc
mircea_popescu: but it;'s a physically settled future, you can obtain euros in bitcoin central.
mircea_popescu: ArsKisS they know their history won't ever look good, so why publish it too much.
mircea_popescu: and isn't y/n more straightforward ? not that a lot of adding shit is impossible to do.
mircea_popescu: cause if the bet is "a wins" y/n, then you deffo know what the odds are.
mircea_popescu: BingoBoingo let's try and model. three teams, a, b and c. a has 20 btc on it to win, b 15, c 27.
mircea_popescu: how does it make pricing more straightforward ? i thought it makes it a nightmare
mircea_popescu: how is a single bet for 6 people better than 6 yes/no bets ? cause larger pool ?
mircea_popescu: BingoBoingo you're better at this than me, can you get me what the bookies say on this prop ?
mircea_popescu: once it sprinted from 30 to 1k people see 10k with different eyes
mircea_popescu: i imagine throwing away btc is a lot more painful than it used to be too
mircea_popescu: 5 minute differences or w/e may be the round-trip time for "x got injured" among the bookies won't show up in the bitbet weight anyway
mircea_popescu: mike_c they're all in the same timeline so they really don't care about the weight
mircea_popescu: allows people to be entrepreneurs, allows risk to be correctly handled, allows punters to not have to think and be fleeced for it.
mircea_popescu: they can't sanely hold on to this, so they all bet on the yes/no bitbet according to their book
mircea_popescu: then they actually trade their takes on bitbet. say one got 50 btc on yes 12 on no, the other 5 on yes 64 on no etc
mircea_popescu: so the model for sports is, there are say 10-12 respectable bookie type sites, which do all the forum spamming and general dicking around with the punters,
mircea_popescu: but these will lose their shirt within months, not decades.
mircea_popescu: BingoBoingo no but the idea is, the ops themselves have more of a clue. obviously as it is now, every failed seo expert/14 yo running his own site this won't be the case
mircea_popescu: BingoBoingo ideally it evolves as an exchange (ie, a myriad actually honest operators do line betting and promotion, and then meet on bitbet and hedge in a liquid market)
mircea_popescu: and you struggle to get 1k together on football prime time events
mircea_popescu: certainly not this silliness where bitbet lays a quarter million bucks on any diff bet easy,
mircea_popescu: such ignorant notation too. negative and fractional, same thing. blergh
mircea_popescu: i imagine if someone sends 10k btc on their stated odds all sorts of fun ensues.
mircea_popescu: BingoBoingo i love it how they never advertise their house limit, too
mircea_popescu: it's as if anyone buying shares bought from the nyse itself, and anyone selling sold to nyse itself
mircea_popescu: jurov line betting vs mutual betting is like bucket shop vs stock exchange. in the line model all trades are against the house.
mircea_popescu: noobs also don't remember the entire "btc rating agency" bullshit coming out of his inflamed brain, and consequently don't remember reason #5498045986 why bitcoin didn't go to shit before they had a chance to hear of it.
mircea_popescu: yeah well... it's easily forgotten that at the time the replacement cost of 500btc was like five grand
mircea_popescu: in which case some nice bandwagon effect would probably do what you say sooner or later
mircea_popescu: i would imagine all of them strictly consist of one derp, his .5 btc budget and his dreams and aspirations