685100+ entries in 0.42s
jurov: lol kakobrekla,
that was very exhausting answer
jurov: i want
to spam around with "bet on worldcup nao", such link would help
jurov: it's possible
to have direct links for a category?
jurov: and
thus, "it's in
the logs" meme was born.
kakobrekla: <mircea_popescu> wait is
that a heart or a butt < buartt
jurov: i hate how
this question comes
to me at exactly such moment.. S.MPOE dividend was not paid yet?
gribble: Bitstamp BTCUSD
ticker | Best bid: 616.93, Best ask: 618.88, Bid-ask spread: 1.95000, Last
trade: 616.93, 24 hour volume: 8565.07142918, 24 hour low: 613.71, 24 hour high: 640.79, 24 hour vwap: 623.452038028
mircea_popescu: Confirmed
total: 14820 BTC. so like 1.482 btc average pool
mircea_popescu: no idea what i'll do with
this entertainment section
tho, it's even more fucked up
than sports currently.
assbot: Sports! |
Tim and Eric Awesome Show, Great Job! | Adult Swim - YouTube
los_pantalones: mircea_popescu, you are a gentleman and a scholar,
tyvm
mircea_popescu: so from now on, sports bets will end at 10k, and close after
the event.
mircea_popescu: then a few bitcoin bets during
the event make sense, even if
they're 1/10 weight
mircea_popescu: but if
the most it collects is
the few bicents we mostly get currently,
mircea_popescu: consider our case. bet is made on 1st. weight is 100k. if someone puts 10 btc on it
then, it's sealed.
los_pantalones: prevents all
the last minute people glomming onto
the
trade
mircea_popescu: los_pantalones yes but 100k
to 1 is
too much for sports.
los_pantalones: oh come
to
think of it, i love
the decay feature of
the bitbet on a live event
benkay: mine has
the links
to my few good ideas
mircea_popescu: i wonder if people's cvs will end up including links
to ba logs where i go "my bad"
mircea_popescu: just do it like
this : current resolutrion date becomes close date
assbot: Clever boy! Dogs prefer
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mircea_popescu: kakobrekla hey listen, we
take
the close date on
the recent WC batch from 24th
to 26th ?
benkay: too bad about
that mircea_popescu bitbet, eh
mircea_popescu: specifically, i'll make
the mods put close dates for sports bets AFTER
the event.
mircea_popescu: anyway,
this bitchfest of mine has yielded quite actionable advice from
the chan
that's +IQ
mircea_popescu: if you own 1% of all bitcoin, you're guaranteed a 1% slice of any bet pool you ever wish
to have.
mircea_popescu: mike_c provided you own
the % of
total world capital
that you wish your % of
the pool
to be
mircea_popescu: you wish
to have 1% of
the pot, you can make sure you do no matter what happens
mircea_popescu: AND
the beauty of parimutuel is
that you can always adjust your exposure
to a pot %
assbot: BitBet - Brazil will win FIFA World Cup 2014 :: 0.49 B (26%) on Yes, 1.41 B (74%) on No | closing in 1 day 6 hours | weight: 486 (100`000
to 1)
mircea_popescu: to explain
this
to people, who otherwise would be betting
mircea_popescu: kakobrekla
that can't be past year. it must be all
time
mircea_popescu: then you want
to push
the other way ? bet a little more on mp. so its now 58k
to 37k
mircea_popescu: one hour later, weight being 84,500 you decide
to buy more LP
los_pantalones: i was under
the impression
the bet closed before
the event
los_pantalones: looking at bosnia will advance
to group stage,
the betting closes 23-06-2014, is
that after
the last potential match
mircea_popescu: los_pantalones let me
translate what you just described in bitbet
terms.
mircea_popescu: im not sure why you
think what you're describing isn't already present on bitbet.
los_pantalones: where you can only bet one side, so bitbet already better in
that regard
los_pantalones: there is vol in
the expectation of
the outcome of
the event during
the event,
the price moves
los_pantalones: we spoke briefly about
this before, bitbet is well suited
to get an accurate prediction
mircea_popescu: los_pantalones drinks,
tits, streaming game, betting
tips, a whole atmosphere such as it is
mircea_popescu: mike_c
the other way
to formulate
this is, sports bettors are not motivated by
the money.
they expect specific sorts of services provided
los_pantalones: i can say
the bitbet contracts don't really do it for me