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mircea_popescu: kakobrekla i imagine he's going to show us all how stoopid we really are
mircea_popescu: coinpeople bitplease stopcoin bitusing coinames bitfor everycointhing youbit coindo omfbitgod!!
mircea_popescu: and now is focusing on coinapult which is not related to coinabul.
mircea_popescu: kakobrekla afaik erik was with bitpay team but they parted amicably
mircea_popescu: indian giver = person who gives then tries to get it back :D
mircea_popescu: basically my tech ppl pick up some open software and rewrite it.
mircea_popescu: this is pretty much what i do in general, my blog is a heavily modified wp etc
mircea_popescu: not risk per se, just, bitbet is a valuable business publicly owned, its internals may be discussed up to a certain - arbitrary - point.
mircea_popescu: all i'm going to say is that bitbet server holds less than 10 btc at all times.
mircea_popescu: furthermore, trying to game it this way exposes you to the following risk : if your bet doesn't make it into a block before bet is closed
mircea_popescu: if you look you will ocasionalyl see "refund" on the bet list.
mircea_popescu: zebedee_ no, for two reasons. one is that bets coming in after the fact are refunded
mircea_popescu: there are however bets which only resolve on their stated date, regardless. this is obvious from the wording
mircea_popescu: if the stated resolution is close the bet is resolved now or then, depending on load.
mircea_popescu: there's two loose cases here. if the stated resolution is far off (ie, more than a week), and the bet is clearly satisfied then the bet is paid off now.
mircea_popescu: Every bettor on the winning side will receive as follows : 99% of his original bet sum (1% goes to BitBet.us) plus 99% of his bet times the total bet by the losing side multiplied by the winning side total weight and divided by his bet's total weight.
mircea_popescu: zebedee_ you get that weight no matter what you bet. it's your bet * that weight.
mircea_popescu: so i get what you ask now. yes it's per btc in the sense gravity is per kilogram.
mircea_popescu: zebedee_ i'm not sure how you mean ? the weight is just a factor.
mircea_popescu: MJR_ prolly something you can make. not so hard to query the book
mircea_popescu: ahh romanian smoked cheese + anchoves on american style pancakes
mircea_popescu: pizzaman1337 musta done some real bad research i guess
mircea_popescu: also the guy is blocked on my twitter, which means he must have been sts-like at some point
mircea_popescu: whart do you mean ? shorting and selling are different concepts.
mircea_popescu: you have to understand tho, none of the major players will even be net short for strategic reasons.
mircea_popescu: dub one of the many dumbass things where that guy from pulp fiction tries to parlay his momentary fame into a career ?
mircea_popescu: well for sure it's unwise to spread info wider than it needs to go.
mircea_popescu: well for that money if you can check out women's parts through clothes you can probably check out printed paper through sheet metal
mircea_popescu: well for that money if you can check out womenyou can probably have
mircea_popescu: ie you still need a court order and identified boxes tio have tghem opened.
mircea_popescu: actually, the evolution of paper gold vs rthe real article has been fascinating past week
mircea_popescu: asciilifeform im pretty sure it's impossible for bank manager to go into boxes.
mircea_popescu: the idea that "only dedicated for bitcoin" is a lot harder to push on a 1.5 dollar btc
mircea_popescu: asciilifeform you are aware this is a dead service right ?
mircea_popescu: so he's holding btcs in there to encourage others to try and break into his amazon vm ?