387000+ entries in 0.124s
mircea_popescu: still, a 20% locked in interest over 100 btc for a year is a great deal.
mircea_popescu: people just need to get used to the fact that this game has a longer timeline than a few months.
mircea_popescu: ThickAsThieves here's the thing : even longshot bets provide better interest than what you can get on reasonable loans
mircea_popescu: people pile on whether it is advantageous or disadvantageous to them
mircea_popescu: the other one has even odds to work eiother way. i say this from experience :
mircea_popescu: to be fair, i got some mail on the topic too. a few people wanting to know if i hitch seat rates again.
mircea_popescu: ThickAsThieves "you are ill equipped to interact straight..."
mircea_popescu: i tend to agree. people especially sheltered/bored english speakers managed to miss out on a lot of otherwise illuminating and instructive experience./
mircea_popescu: i don't want to make more "money". i want to make actual money in an environment it's worth living in.
mircea_popescu: well, maybe the us tradition is to destroy the free market by repackaging it as entertainment or a service. but bitcoin is against that.
mircea_popescu: why would the free market want to have a central planner ?
mircea_popescu: and make it go now + 2 days bet close -2 days as limits
mircea_popescu: kakobrekla do you suppose that dropdown could be replaced with a type-in field prepopulated with a default ?
mircea_popescu: bgupta oh i finally get what you mean. it's further IN than 7 days (ie, closer to the current date than the 7 days allow)
mircea_popescu: more problems than that. suppose A wants to bet B that he has sex with C.
mircea_popescu: it's a little more complex upon consideration than it seems, but i think something might come of it.
mircea_popescu: Doctor_Andonuts i'd be surprised if you can reach him atm.
mircea_popescu: on the grounds that there exists something more credible than me holding it, except we've not yet discovered it./
mircea_popescu: the problems were that this is not straightforward to do (as good notation is something maybe half the math grads understand, and wysiwyg notation of curves we don't have yet on computers, in spite of 50 years of efforts started at parc)
mircea_popescu: originally i had in the draft for this thing an ability for the bettor to introduce an arbitrary weigh curve, and the site to interpret that functional.
mircea_popescu: bgupta let's be abstract here. the risk over time functional is probably not a polynomial, but something more c omplex, perhaps even discrete. the weight is linear. obviously these won't match
mircea_popescu: and how do you know what he wants in the first place ?!
mircea_popescu: right now you could make a bet that resolves on the 29th
mircea_popescu: you just put some btc on a side along with your bet,t hwere's an address there
mircea_popescu: anyway. good that rich people are starting to use the system for what it's actually useful : lolz.
mircea_popescu: of inadvertence, negligence, or mistake.” (Guidant/BSC Reply 5.) As a factual matter, this claim is questionable. It could just as well be said that heavily counseled parties to mega-mergers do not sign merger agreements containing glaringly ambiguous terms that lead to avoidable litigation—but here we are.
mircea_popescu: In support of their argument that the Agreement preserves liability only for malicious breaches, defendants argue that the word “willful” would be unnecessary unless it meant “malicious.” There is no reason to limit liability to breaches that are intentional, they claim, because any breach of this Agreement would be intentional—”[h]eavily counseled parties to mega-mergers do not breach merger agreements out
mircea_popescu: Agreement § 7.02; emphasis added). J&J argues that defendants’ conduct was “wilful.” Whether a factfinder could so find depends on the meaning of that term as it is used in the Agreement. While defendants argue that a breach is only willful if it is committed with malice or in bad faith, plaintiff [J&J] contends that “wilful” merely means “intentional.”
mircea_popescu: The Agreement provides that in the event of termination, no party shall be liable beyond the specific liabilities imposed in the Agreement (i.e., the termination fee), except “that no such termination shall relieve any party … from any liability or damages resulting from the wilful and material breach … by a party of any of its representations, warranties, covenants or agreements set forth in this Agreement.” (
mircea_popescu: Gerard E. Lynch, southern new york kicks so much ass he will be hereby introduced into bitcoin's public record. he says :
☟︎ mircea_popescu: the guy that invented the "buy lotto tickets with pmb "dividends"" idea has something to say on a topic ?!
mircea_popescu: people generally tell me shit because overall nobody wants btc to go to shit.
mircea_popescu: ThickAsThieves no, i mean intel as in, knowing what everyone is doing. you know, like the btcnsa.
mircea_popescu: lyspooner seeing the incredible noise dieing mtgox is inducing in the market... i;'d be scared to shit if volumes were up.
mircea_popescu: lyspooner the volume is acutally pretty small of late.