408900+ entries in 0.159s
mircea_popescu: kakobrekla you recall, the bet calculation lists the total/his weight backwards
mircea_popescu: nobody cares what "the press" says since about 2006 or so
mircea_popescu: "we've been hacked" = "we're retarded and don't understand anything about computers, the internet or security"
mircea_popescu: stop racistly holding the president's baseless/meaningless generalisations against him!
mircea_popescu: but since userbase minerbase coderbase etc aren't the criteria by which we judge altcoins...
mircea_popescu: i have a completely abstract altchain. nobody mines on it, nobody owns any coins, nobody bothers to read the codebase (which doesn't actually exist in written form anywhere)
mircea_popescu: " Litecoin being as mature as it is makes it hard to join in the fun so let’s start with a new coin that follows Litecoin’s tradition."
mircea_popescu: "Under the thinnest of pretenses, Boston was placed under martial law, with heavily armed troops patrolling the streets, pointing machine guns at civilians who dared so much as to look out their windows."
mircea_popescu: i wonder if it actually is the same dood with a split personality.
mircea_popescu: and they're both equally incapable of reading comprehension.
mircea_popescu: so there's not one but actually two different doods doing a bitcoin pixel page + bitcoin gem thing
mircea_popescu: the 2nd is a 100px wide rendition of the "swiss dinar"/usd rate
mircea_popescu: well... ok, formally : it contains no tables and a total of 3 figures in 28 pages. the third is a 100px wide rendition of the "bitcoin supply schedule" in 6 data points.
mircea_popescu: sometimes i wonder if humanities departments have ever read an actual scientific paper.
mircea_popescu: this "Synthetic Commodity Money" "paper" is singurarly ignorant/uninformed/unscientific/laughable and ridiculous
mircea_popescu: is that we've managed to switch from a drama powered to a drama-and-comedy-gold powered model.
mircea_popescu: if the bet is "stock will be over x on y day" then y-3 works juyst fine i guess
mircea_popescu: well depends on the bet. bitbet has a 7 to 3 day interval settable iirc
mircea_popescu: if you review closed bets, the system as it is works superbly to discourage the tail betting.
mircea_popescu: people kinda complain about too much weight for early bets tho
mircea_popescu: can you prove there exists some manner to select the better curve ?
mircea_popescu: however we couldn't find a way that was both intuitive for non-math people to specify and practicable in a web interface.
mircea_popescu: zebedee_ i doubt it too. the original plan was to allow curve definition at bet introduction
mircea_popescu: which is, of course, "sing o goddess the anger of achilles"
mircea_popescu: aeide would be some sort of praise, tell the story of,
mircea_popescu: on the other, it's fully setable, min can be 100k or anything down to 1
mircea_popescu: ie, bet says what your wright is, and what the minimum is
mircea_popescu: the fact that either side is still +EV seems pretty good to me. means if you have a conviction you can still take a side.
mircea_popescu: why would you be betting both sides 95% of the time in ?
mircea_popescu: basically you can make a little % by financing the odds. so you can pretty much run a line bookie thing on top of bitbet.
mircea_popescu: anyway. there's incentive for you to do this type of bet (ie, a marketmaking bet) early in the bet's life.
mircea_popescu: the good news being that you're guaranteed half your money back no matter what
mircea_popescu: 0.2475 * curr_weight * (no_pool/yes_weight + yes_pool/no_weight) + .495
mircea_popescu: alrgiht so we have confirmation on the numbers at least.
mircea_popescu: i get 1.04 and 1.24 must be you made your calc at earlier weight ?