396800+ entries in 0.144s
mircea_popescu: <Vbs> "Our hashrate after the BFL units are delivered (soon): 573 gh/s" <<< epic.
mircea_popescu: i wasn't understanding wtf got into the matthew_boyd kid
mircea_popescu: when the fuck did this turn into #smalltimer-nonsense anyway
mircea_popescu: make sure the other side is in the same situation and then yeah, pretty much
mircea_popescu: this is why mpex positions are fully collateralised, once you've opened it you know you can rely on it for a fixed term no matter what.
mircea_popescu: what i'm saying is that quants regularly fuck up the math
mircea_popescu: yeah, well, possible it may well be but this is where banks are broken.
mircea_popescu: mathematically collateral - exercise value + exercise value = collateral.
mircea_popescu: mjr_ well, as an underwriter you get collateral-exercise value
mircea_popescu: i'll gladly continue this convo later, i have a meetying now.
mircea_popescu: some of the more naive souls buy into the entire french ideology with equality and whatnot and they end up eaten alive.
mircea_popescu: the difference is exactly that : i call a rat a rat and squish it, much like a cat does.
mircea_popescu: bitcoin is for smart people, and never the twain shall meet.
mircea_popescu: there's no marketing involved. the masses are dumb. they like to be dumb, they have always been dumb.
mircea_popescu: bitcoin concentrates with some smart people, who will then proceed to simply mock and torture the entire rest of the world, ie, the sheeps goats and geese or w./e these lifeforms are
mircea_popescu: but anyway, getting back at the entire "bitcoin for the masses" nonsense : it should be clear to everyone jkust from this small example that no, it will never happen.
mircea_popescu: in the 1800s the ladies of society went to insane asylums to be amused by the nuts.
mircea_popescu: there's just.... there's just not enough pain and suffering available in the world to redeem these people.
mircea_popescu: But if you want to bet something huge (let's say 10k USD), it should split the bets into smaller ones, and ran them independantly."
mircea_popescu: "You should be able to bet whatever you want, even more than the investor's money.
mircea_popescu: make room, the mcdonalds clerk is now in a position of power and dominates teh market, he'll tell you how it is and what can happen!
mircea_popescu: "So prime dice and coin roll.it with their max payouts below 20btc or below are just foolish? I am not saying we become more conservative than the competition, but we do not need our max bet to be 10 to 20 x the competition. They will not find another site with as fair a game and as big a max bet regardless. "
mircea_popescu: and just ban the shit out of them. there's just no fucking way.
mircea_popescu: theymos should add an equivalent of the banme tag on sa, except automated to all noob accounts.
mircea_popescu: there's a long, long road between actual investor and this sort of hobbist nonsense.
mircea_popescu: because the way he's behaved so far that's precisely what he's likely to do.
mircea_popescu: instead of pissing all over their face at every turn, as he should.
mircea_popescu: and so another good man gets fucked over by the fact that he tries to make friends of said muppets
mircea_popescu: "they have no representation of failure and consequently will only take 100% losses or massive gains"
mircea_popescu: basically what it says is "muppets are very greedy and very risk averse"
mircea_popescu: <ThickAsThieves> I think it's also because all of AM is a buyer's market right now << that is so lulzy.
mircea_popescu: you know those kids that whine if their peas and their potatoes touch ?
mircea_popescu: hi sir, we here rh house only server bukkake and cuntcake
mircea_popescu: i do not have diabetes if that's what you're implying.