371200+ entries in 0.109s
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
mircea_popescu: "Slavery in Sudan began in ancient times, and has continued to the present day." sez wikipedia
mircea_popescu: with any luck at all, i'll forget to roll the .7 bitcents into next month's report and then it'll look really bad lol
mircea_popescu: it's partly your fault, and partly my fault, and partly the fault of everyone who may wish to bitch about it
mircea_popescu: people gotta get used to reading reports, calculator in hand
mircea_popescu: obv shareholders didn't give a shit about the 6 bitcents, or else they'd have said something.
mircea_popescu: ;;later tell mike_c nice catch on the bitbet statement there.
mircea_popescu: i always thought of that as more of a "free association" exercise.
mircea_popescu: internet people thinking, should be a website, like the people of walmart one
mircea_popescu: it would stand to reason that this navel grazing is in fact indicative of bitcoin's nicheness. as bitcoin diff bets start getting less interest than sport bets we will know that bitcoin is pretty much reached its secular price.
mircea_popescu: the sports don't get as much interest as diff/price huh ?
mircea_popescu: sonal experience to weigh one view against another in any serious way."
mircea_popescu: "By encouraging, or even requiring, students to take stands where they have neither the knowledge nor the intellectual training to seriously examine complex issues, teachers promote the expression of unsubstantiated opinions, the venting of uninformed emotions, and the habit of acting on those opinions and emotions, while ignoring or dismissing opposing views, without having either the intellectual equipment or the per
mircea_popescu: but as worthy as that idea is, calling carbon dioxide "carbon" as if that's how chemistry works makes me cringe.
mircea_popescu: to be sure, reducing energy consumption for instance is a worthy (and in no way novel) idea.
mircea_popescu: even if the guy standing right here before me definitely and in fact killed the alleged victim, unless you can actually prove this... he's walking.
mircea_popescu: if that is all you've got on the prosecution side, i'm dismissing each one in turn.
mircea_popescu: it's like this : the fact that i believe some deaths each year are caused by murderers
mircea_popescu: this sadly resulted in the worst ecologic disaster in modern history, with tons of very toxic chemicals distributed all over people's living space and so on.
mircea_popescu: you could throw in there the fourth case, of replacing incandescent lighting with mercury-based lights just in time to catch the narrow window where the superior led technology wasn't mature yet, so phillips can do two full upgrades for its customers and get paid twice within two decades, rather than just the once.
mircea_popescu: which just so happened to be politically directed rather than scientifically based.
mircea_popescu: the third is the taking of a very dubious set of data covering about seventy years and containing no quality controls whatsoever, extrapolating it to create an imaginary history, and then extrapolating that imaginary history to create a "very clear" path for the future (the golf club bs)
mircea_popescu: arguably the replacement of cfc with more advanced heat exchange fluids is a net gain, certainly it padded the bottom lines of the manufacturers. nevertheless, the entire thing was fantasy rather than science.
mircea_popescu: the second is the misrepresentation of high atmosphere chemistry processes, to have the so called "greenhouse gases" cause imaginary problems to imaginary essential things (the ozone layer).