log☇︎
711500+ entries in 0.34s
TestingUnoDosTre: the answer is, slightly less than 5%
TestingUnoDosTre: what would the return be for bet 1 to be equal to bet 2
TestingUnoDosTre: my point is this
TestingUnoDosTre: it's a thought experiment for jah's sake
benkay: you can't guarantee a rate anyways, TestingUnoDosTre
TestingUnoDosTre: what rate should I pursue (I realize I don't have a control in it), for the two returns to be "equal"
TestingUnoDosTre: lets say I'm betting both sides on two bets
benkay: think about it like this: bitbet pays you interest for providing liquidity
TestingUnoDosTre: ill try another example
TestingUnoDosTre: you could be doing this with both sides if you wish
BingoBoingo: Or only the winning one?
BingoBoingo: TestingUnoDosTre: Well, in this exercise are you betting both sides?
TestingUnoDosTre: because it seams to be negative
fluffypony: punkman: I was *so close* to pulling the trigger on that Montrex watch when I saw it, but I couldn't find anything open an "open source Suisse" movement on the web so I figured something was awry...so glad I didn't go for it
TestingUnoDosTre: but what I am asking is, what is the cost of locking up a bitcoin for a period of time
TestingUnoDosTre: I did just read the article today
benkay: i think the bitbet return betting the house line is about 0.5%/mo
TestingUnoDosTre: stock price stays the same
TestingUnoDosTre: and then I wait 4 months
TestingUnoDosTre: so If I'm going to buy a stock option that expires jan 1 2015 of company A
BingoBoingo: If you want to lock up a bitcoin on Bitbet, the most important thing is having good information.
BingoBoingo: I'm not sure what you are trying to mean matters much.
TestingUnoDosTre: lets just stick to the time value of having 1 btc locked up in a bet for 4 months vs 8 months
BingoBoingo: It really depends on what you are betting on and who else might want to bet.
TestingUnoDosTre: so lets say I want to put 1 btc down on a bet that resolves 1 august 2014
TestingUnoDosTre: how much interest (in btc) should I need for a bet that resolves in half the time, to compare equally
TestingUnoDosTre: say I want to invest 1 btc in a bitbet that will resolve jan 1 2015
benkay: a bitcoin today is worth how many bitcoin next year?
TheNewDeal: ;;google time value bitcoin
TheNewDeal: are beings becoming sentient in bitcoin-assets tonight?
fluffypony: all these and many more questions will be answered in next week's exciting episode of
fluffypony: and why am I holding all these cloves of garlic?
AgentSmurf: where am i? what is this strange place? what is this sound? my own voice? eh..
TheNewDeal: final question. How easy is it to get an online gambling license in Anitgua as a foreigner?
TheNewDeal: so I could have authed as TestingUnoDosTre while I am thenewdeal, just have to be less retarded?
nanotube: your irc nick is irrelevant, as long as you have the key for thenewdeal, you can auth as thenewdeal, even if your nick is benkay :)
TheNewDeal: if I go and register TheNewDeal_ under this nick, can I still ;;eauth as TheNewDeal?
TheNewDeal: ;;rate nanotube 1 wanted to have my gpg key applied to a different nick, helped me achieve in a timely fashion. Muchos gracias!
gribble: Currently authenticated from hostmask TheNewDeal!~AndChat31@184.48.161.16. Trust relationship from user assbot to user TheNewDeal: Level 1: 0, Level 2: 1 via 1 connections. Graph: http://b-otc.com/stg?source=assbot&dest=TheNewDeal | WoT data: http://b-otc.com/vrd?nick=TheNewDeal | Rated since: Sun Apr 13 12:56:09 2014
benkay: ;;gettrust assbot TheNewDeal
TheNewDeal: Goodbye TestingUnoDosTre, hello TheNewDeal
nanotube: ;;gpg info TheNewDeal
nanotube: ;;ident TestingUnoDosTre
TestingUnoDosTre: ooo could you please change my otcusername to TheNewDeal
nanotube: hopefully not tangled :)
TestingUnoDosTre: WOT becomes the tangled web of trust
nanotube: TestingUnoDosTre: well, if you wanted to do it without my intervention, you can just change key on your old identity to some new key, then register the old key with a new nick. or... you could just ask me to change your otc username.
TestingUnoDosTre: yah, thought of that
TestingUnoDosTre: sign the new identity with old key?
benkay: nanotube: in wot one cannot register a key to two nicks. how would one change one's wot nick.
benkay: alternatively, you could sign the new identity with the old identity's keys saying something along the lines of 'now doing business as' and then ask all your raters to rate your new nick
TestingUnoDosTre: "this key is already registered under the server"
benkay: i hate to suggest the obvious...
benkay: have you tried registering a new nick with that key?
TestingUnoDosTre: I'm trying to rid myself of TestingUnoDosTre
TestingUnoDosTre: ok, slightly retarded here but... how do I register a new nick to an already registered gpgkey via gribble?
BingoBoingo: ;;later tell supay Keep me updated on how your guide is doing
asciilifeform: anyway, everyone has probably read that one.
asciilifeform: damn, this didn't work
TestingUnoDosTre: orlov has to be one of the most oft quoted here
asciilifeform: ey got paid. They did eventually reappear, so there may be some merit to this theory. With the gaping manholes positioned throughout the city like so many anteater traps for cars, you had the choice of driving either very slowly and carefully, or very fast, and betting your life on the proper functioning of the shock absorbers. '
asciilifeform: 'Having bits of the landscape disappear can be a rude surprise. One summer I arrived in St. Petersburg and found that a new scourge had descended on the land while I was gone: a lot of manhole covers were mysteriously missing. Nobody knew where they went or who profited from their removal. One guess was that the municipal workers, who hadn't been paid in months, took them home with them, to be returned once th
asciilifeform: accumulating equity for fully employed commuters who shop at the now defunct nearby mall. After the mortgages are foreclosed and the properties repossessed, what more is there to do, except board it all up and let it rot? Well, what has been developed can be just as easily undeveloped.'
asciilifeform: 'Russia's post-collapse economy was for a time dominated by one type of wholesale business: asset stripping. To put it in an American setting: suppose you have title, or otherwise unhindered access, to an entire suburban subdivision, which is no longer accessible by transportation, either public or private, too far to reach by bicycle, and is generally no longer suitable for its intended purpose of housing and
asciilifeform: accumulating equity for fully employed commuters who shop at the now defunct nearby mall. After the mortgages are foreclosed and the properties repossessed, what more is there to do, except board it all up and let it rot? Well, what has been developed can be just as easily undeveloped.'
asciilifeform: 'Russia's post-collapse economy was for a time dominated by one type of wholesale business: asset stripping. To put it in an American setting: suppose you have title, or otherwise unhindered access, to an entire suburban subdivision, which is no longer accessible by transportation, either public or private, too far to reach by bicycle, and is generally no longer suitable for its intended purpose of housing and
decimation: " Jeffrey Sachs was an advisor to the IMF. He also claimed to be an advisor to the Russians. "
asciilifeform: basic course on russian privatization. 'your formerly state-issued flat is now yours. you are a millionaire!' - 'neato. but my salary hasn't been paid in a year. gotta buy something to eat. what does dinner cost?' - 'half a million.' ☟︎
benkay: what is this book of williamsons?
decimation: the elites are not happy to have the masses know the truth about "foreign policy"
asciilifeform: decimation: the asset-stripping thing is only a secret from u.s. schoolchildren
decimation: did you see this article ascii? http://theden.tv/2014/04/08/russia-yesterday-america-tomorrow-notes-on-neoliberal-looting/
kakobrekla: in the Machine town.
asciilifeform: when the choice becomes 'pay tax and starve' vs. 'live, off the books'
asciilifeform: decimation: end of the line. the train gets there eventually.
decimation: honestly if the US wanted to go full-retard, the most profitable way to proceed would be to stop collecting any taxes and run the entire USG on printed money
decimation: except, there are almost no "fields" in the us that are free of such doles
TestingUnoDosTre: it's going to the moon!
asciilifeform: if everybody in a given field is on the dole, what does that suggest about the field?
decimation: even the supposed "outsiders" like Musk are really just on the space-welfare dole
asciilifeform: TestingUnoDosTre: quite a few folks in russia are pining for the (distant) possibility of proper sanctions. where usa takes its pernicious cultural, economic exports and goes home.
TestingUnoDosTre: Can totally see the War on Global Warming
TestingUnoDosTre: asciilifeform - this comment from zero hedge is great "It shouldn't have taken them this long to figure out sanctions against Russia wouldn't work in the first place. Next they will be passing sanctions against hurricanes and earthquakes, might as well go full retard at this point."
decimation: the problem is that the vast space-welfare complex can't be made to do anything without billions of $
decimation: the irony is that the US has plenty of rockets that are plenty reliable for human space flight
asciilifeform: catch them on re-entry with baseball glove.
ozbot: Russia's Deputy Prime Minister on Twitter: US Can Use Trampolines to Reach Space | Space.com
ozbot: Pentagon Admits "No Solution" To Replace Russian Rockets To Launch US Military Satellites | Zero Hed
ozbot: I sent a Freedom of Information Act Request to the FBI over a year ago. They just responded today. :
asciilifeform: decimation: the system is capped by the intelligence of the dumbest contributor. which would be, typically... 10,000 people? there's bound to be a turdmeister.
decimation: how many bugs are you willing to tolerate?
decimation: the rot isn't obvious until the next generation comes to try to 'fix' things
mircea_popescu: if i knew that i'd have some kickass locusts
decimation: ascii, the thing is that such systems seem so seductive when they are young and small
asciilifeform: 'remove xxx to build new ver. xxx' won't build. spend a week to get a working box again.'
asciilifeform: for users of 'source' linux flavours, e.g. gentoo, the comical picture above is daily reality.
asciilifeform: known, i think, even to u.s. schoolboys
mircea_popescu: that's exactly what happened : some engineer made 1/0 shorthand for infinity trying to fit their code into the insect
mircea_popescu: ecided he wasn't going to tell anyone that this was an error, because he's a dick, and now all your snowflakes are urine and you can't even find the cat."
mircea_popescu: "You discover that one day, some idiot decided that since another idiot decided that 1/0 should equal infinity, they could just use that as a shorthand for "Infinity" when simplifying their code. Then a non-idiot rightly decided that this was idiotic, which is what the original idiot should have decided, but since he didn't, the non-idiot decided to be a dick and make this a failing error in his new compiler. Then he d