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mircea_popescu: i imagine Ukto is prolly going to do something like that too
mircea_popescu: i guess if we count pt's as institutional investors that takes us to about .7% total
mircea_popescu: you and dt should form amalgamated american bitcoin traders
mircea_popescu: whereby prices to artificially pop on lack of liquidity ?
mircea_popescu: so! the "business idea" in share "investing" is to create market inefficiencies
mircea_popescu: well see, it's impossible for me to check seeing how i don't know whats "last" in your context :)
mircea_popescu: if i wanted to become a bookie i think i'd have done it by now tho
mircea_popescu: bah. so this guy made FOUR deposits before actually hitting one right.
mircea_popescu: i don't care other than in the vague macro sense that it'd be best if this actually works as opposed to not working.
mircea_popescu: because forumer time is not worth money and lawyer time is.
mircea_popescu: it sounds to me like the lawyer guy is getting drowned in drama and is inches away from throwing his hands up at the entire thing.
mircea_popescu: "As for Quentin, he has other clients and has, from what I was briefly told, been busy filling in for other attorneys in the office while they were away. I'm hoping to speak with him today to get an updated timeline for the verified claims lists and terms of service for the VPS site."
mircea_popescu: last i checked (maybe a year ago ?) they were horrible.
mircea_popescu: thestringpuller it was possibly the first time an item of value was exchanged for this internet funny nonsense
mircea_popescu: "i won 16btc and promptly turned around and bought the stock"
mircea_popescu: it'd seem the value of that model strictly depends on the quality of the bookie.
mircea_popescu: but im just saying, you can put 50/30 btc in, then wait for other bettors to contribute theior own then make a final bet to adjust to reasonable rate either way
mircea_popescu: Bugpowder im really useless with sports betting, i never did it nor do i much care about sports
mircea_popescu: you can try coinbr.com, or else bitfunder has a passthrough
mircea_popescu: but suppose the event is 7:2 to buy , 1:3 to sell (just random numbers)
mircea_popescu: you can make decent money as a bookie on the system as it is, if you actually know odds.
mircea_popescu: i was gonna say, with parimutuel you can always take both sides
mircea_popescu: there's a bunch of ex cons that are all against the state for the very phylosophycal reason that they have priors
mircea_popescu: there's like 1-2k preop transsexuals, random internet kids
mircea_popescu: there's like, 100 or so coders, most incompetent, a few bright, some acceptable
mircea_popescu: dude. you completely misrepresent the total lack of competence in bitcoin