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mircea_popescu: read the forum threads linked above, i won't bother rehashing it.
mircea_popescu: the fact that they've cost their investors 100k btc or so makes me jelly.
mircea_popescu: Chaang-Noi ya dude, totally. the fact that they failed to meet spec is something that makes me jelly.
mircea_popescu: Chaang-Noi you may not be the only one that thinks that's silly, but that's quite irrelevant.
mircea_popescu: people who think they're smarter are much akin to the street prophets in ny.
mircea_popescu: the fact that asicminer fucked up their ipo is NOT an excuse for them
mircea_popescu: Chaang-Noi the trade volume IS the controlling argument.
mircea_popescu: the fact that i can't see it speaks against it not excusing it.
mircea_popescu: 2x asicminer volume yest. why is that ? is cavirtex a larger corp than asicminer ?
mircea_popescu: It's unclear how much risk discount investors would be wanting to apply to that valuation, and it's also unclear how much discount will willy-nilly end up being applied in the event ASICMiner actually foregoes liquidity and lists on some marginal venue. But in any case things look pretty bright at the moment, so well done!
mircea_popescu: Bitfountain the third multi-million dollar Bitcoin public corp in Bitcoin history.
mircea_popescu: All these things considered it is perhaps not unreasonable to judge ASICMiner revenue generation ability in the 5 to 15k BTC a month range. If this is in fact correct it's also not unreasonable to judge ASICMiner's market cap roughly equal or a little under that of Satoshi Dice, in which case the 400,000 share company would be worth on MPEx somewhere between 3 and 600k BTC, or between .75 and 1.5 BTC per share, making
mircea_popescu: then people were rooting for "oh, we'll reach 1 anyway"
mircea_popescu: ThickAsThieves the girl's early estimate was .75 to 1.5
mircea_popescu: there was a guy on the forum servicing a long term btc loan
mircea_popescu: i didn't. teh original mpoe bonds got like 9500 or so btc
mircea_popescu: anyway, too much excitement for one day. catch y'all tomorrow
mircea_popescu: yeah, but it'd just need more code to decide if you've got lines or wtf.
mircea_popescu: jurov the way i figure it, either attacker is defeated and depressed or else we see a new blast in a week or two.
mircea_popescu: one way to eat everyone's cake, seeing how coinbases of the world can't compete.
mircea_popescu: mpex happens to be the PERFECT way for a bank to develop it's own in house btc-fiat trading system
mircea_popescu: it's getting to where im starting to smell the offers tbh.