439100+ entries in 0.114s
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
mircea_popescu: on the other, if he gets sold through then you can get shares cheaper later
mircea_popescu: on one hand, the guy with the top bid is guaranteed sharex
mircea_popescu: im thinking it's equally likely that waiting will get you a benefit or a loss
mircea_popescu: i still don't see how other bidders can use that info is the thing.
mircea_popescu: Bugpowder it will be automated, but for my own edumancation
mircea_popescu: i wish to sell my quality comedy club time (2 hours) for .1 btc now.
mircea_popescu: then i come to irc, im laughing my ass off for the past two hours.
mircea_popescu: i was bored out of my fucking mind. in spite of paying like 8 bux tgo be there and also being with a bunch of friends so we just made fun of the comedians the whole time
mircea_popescu: 0.25 btc in default sold for .15 this guy should work for BoA
mircea_popescu: i'd guess their per-spreadsheet costs are under a satoshi.
mircea_popescu: Bugpowder i think you have no idea what they squeeze out of a server.
mircea_popescu: "Friedcat still verifies shares. Today i got my confirmation for 1252 shares. GLBSE official data infos. So im safed now because my things with glbse are cleared finally."
mircea_popescu: pigeons he hasn't shown up lately, we used to chat ocasionally back like last summer.
mircea_popescu: ya 6k gsdpt is worth a little, iirc they were even with s.dice ?
mircea_popescu: well... that's ahead of the game. i guess if you survive you might end up a banker or something.
mircea_popescu: probably cleanest to just disburse. i don't see why any sane exchange would want a wreck listed to beghin with
mircea_popescu: so basically, you're piling up your share and plan to distribute it when ?
mircea_popescu: srsly, options were this big thing, imminent in like, July 2011.
mircea_popescu: tho it does meet the questionable legal explotaition part. maybe no fast bux
mircea_popescu: they contain porn of a more intellectual and much more obscene nature.
mircea_popescu: high comedy. you can always trust pigeon's link. they don't contain porn in the sense of tit and cunt.
mircea_popescu: Why do this? Well, any computer that is connected to the internet with money on it (or bitcoins) is a target for hackers. Keeping servers secure involves many variables and is it’s own area of study and research. Under normal conditions this level of security should be sufficient, but payment apps are held to a higher standard.
mircea_popescu: shows a deep, fundamental understanding of the truck/pipes issue.
mircea_popescu: "Offline storage (sometimes called “cold storage”) is the process of taking money that is connected to the internet and moving it offline for safe keeping."