442100+ entries in 0.126s
mircea_popescu: the problem is that as hash output increases the 2k blocks go by faster, so the 400% is not related to time
mircea_popescu: as diff goes up you make less from mining but some money from the future
mircea_popescu: case B : you buy 900 BTC worth of mining gear and 100 btc worth of diff futures
mircea_popescu: look, it's really simple. you have 1k btc, want to mine. case A : you buy mining gear worth 1k btc. mine. as diff goes up you make less btc from mining
mircea_popescu: no, whoever is mining wants to insure against diff going up
mircea_popescu: thus it helps to have a supply of already bought virtual diff
mircea_popescu: when you are mining you are taking virtual diff and turning it into real diff.
mircea_popescu: abracadabra looks to buy more gpus <<< prolly a safer investment
mircea_popescu: smickles tbh i always thought miner wants to buy diff nto sell it.
mircea_popescu: seems my 1btc/gh/month was under smickles. not .3 but 3.
mircea_popescu: in other news : SD Profit before fees: 30628.62760334 BTC (2.055%)
mircea_popescu: anyway, im off to town for a little. catch you later a bit.
mircea_popescu: and servers. i don't mean mirror it, i mean actually run it.
mircea_popescu: the beauty of how it's designed tho, is that i can run it symultaneously of multiple domains
mircea_popescu: Namjies i actually was planning to both sell dtng and move mpex
mircea_popescu: in fact this is the first online thing of that level. never before was a stock exchange ever had this
mircea_popescu: anyway. total cap on mpex (stocks only) is just about to breach 1mn btc.
mircea_popescu: so, as btc goes up (and in no small part because of mpex) the fee scales. is perfect-ish
mircea_popescu: otherwise its a 30 units fee on a 20mn total monetary mass.
mircea_popescu: if i call it a stock exchange i actually mean the words.
mircea_popescu: in other words, my core mission still is to equip btc with the weaponry it needs to win the war with fiat. this hasn't and won't change.
mircea_popescu: there's nothing wrong with having brokers serving any market niche. irl there's ameritrade and optionsexpress and etc doing online accounts
mircea_popescu: mpex would never list some asset making 3 btc a month, let alone something as dubious as those were. but it doesn't have to not list it :
mircea_popescu: for instance, so you understand better that i mean : in the discussion for psychoticboy's asset relisting, mpex got 1 vote, out of like 30.
mircea_popescu: at the macro level (which is what i do for mpex) you are well advised to use macro tools. a barrier to entry for instance.
mircea_popescu: this has been stated in the inverse, as "keeping drama out"
mircea_popescu: meaningfully contribute means of course help with price formation.
mircea_popescu: i want to keep people unable to meaningfully contribute in the market out of it.
mircea_popescu: that measure they have irl of qualified investors is pretty smart.
mircea_popescu: because there's no practical way to check people's disposable income.
mircea_popescu: and also for the sake of keeping them rare. idiots tend to self-select as they can't cope with it.
mircea_popescu: if everyone's done dumping the k's of btc on mpex for five minutes
mircea_popescu: then he wonders why police tries to keep an eye on him
mircea_popescu: one of the main reasons im here. better food than france, about on par wine, 1/10 the prices.
mircea_popescu: a 1 lb chunk of homesmoked, homemade cheese is like 20