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mircea_popescu: Unlike other futures X.IDIFF.* will require 2.9x the difficulty at last settlement for each quarter out, so for instance if traded in January 2013 X.IDIFF.MAR will require 0.097735278 BTC per contract as collateral whereas X.IDIFF.DEC will require 2.383665695 BTC per contract as collateral (all numeric examples based on 3370182 as last settlement difficulty value).
mircea_popescu: ;;later tell bugpowder : here's an idea : make hashing processors out of dragonfly brains.
mircea_popescu: at least jesse powell is not *completely* out of the financial loop
mircea_popescu: "BOOM. While you've been out poppin' bottles with models, the Payward team has been slaving away at a proper exchange for arbitrary cyborg-alien currencies of the future, and bitcoin."
mircea_popescu: Help us reach our goal! Bitcoinstore must sell $850,000 by June, 30 to keep its competitive prices. $0 reached of $850,000
mircea_popescu: for one if i particularly wanted to i could probably create the event, what's it take, a few quid.
mircea_popescu: well for everyone's peace of mind i don't propose, contemplate or intend to kill anyone.
mircea_popescu: you know... i think if anyone in this world can't be suspected of holding back from what they mean to say it'd be me.
mircea_popescu: "But involving with people who write on their website that they want to kill all idiots, is dangerous for me. Sorry."
mircea_popescu: "A lot of software can be about egos. While the Bitcoin architecture is genius the code itself is merely adequate."
mircea_popescu: the proper form (ie, popescu mircea) is used in formal context. like for instance if you sue somebody.
mircea_popescu: <jurov> like, DC with nuclear lauch capability on site :) << settle the spamhouse asshats on the spot