719900+ entries in 0.376s
mircea_popescu: alexsanjose bets as in propositions get rejected, because not everything can be bet on. see
the faq on bitbet, it details it.
BingoBoingo: alexsanjose: Because MP, kakobrekla and MP's slavegirls don't
think it is interesting is
the big rejection reason
mircea_popescu: anyway, spent some
time in san jose, originally landed
there planing
to stay a week, ended up staying like 3 years.
BingoBoingo: Thanks
to Overstock.com replacing Roger Ver as used electronics Bitcoin Jesus I am kinda confident I am BAC 0.257 drunk
alexsanjose: was just
there covering elections but back in mexico city
BingoBoingo: alexsanjose: I bet
there and I submit bets
to
there. More
than half of my submitted bets have been rejected. I' a regualr in
this channel
though.
mircea_popescu: kakobrekla your bitcoin wallet
thanks you for your loyalty.
BingoBoingo: alexsanjose:
They really can't. Even mircea_popescu can't affect when
the world series ends.
BingoBoingo: mircea_popescu: Of course it is. And
the best practice for
this is plato when he is modeling a drunk crowd in
the dialogues.
alexsanjose: haha! and do u deliberately
try
to space out
the bets so a
tricle of
them are coming due every week month etc?
alexsanjose: for example
there is a way
to say "my" when u mean "myhusband" and a different "my" for "my bitcoin wallet" cuz humans matter more
mircea_popescu: BingoBoingo you know it occurs
to me it's probably like a particular cognitive skill, being able
to follow irc convos. "disentagle a skein of
thought" as
the expression went.
alexsanjose: no its just interesting. for english speakers romance languages sorta open your world view when
they
teach u subjunctive and
then
the african languages is like a whol different kettle of fish
artifexd: I want something more push-y
than pull-y
kakobrekla: artifexd rss feeds are linked on right side, if
that is what you need
alexsanjose: and where do
the bets come from? is
that something you guys come up w ?
BingoBoingo: much of
the profit comes from infrequent, but increasingly frequent massive bets
mircea_popescu: alexsanjose you know it's in
the reports,
there's a special line for advertising
alexsanjose: so what is
the breakdown on profit -- rake v advertising?
mircea_popescu: artifexd better pull from
the feeds
tho. kakobrekla what were
the feeds again /
artifexd: Hey, look at
that.
There's even a
twitter feed
that I can pull from.
artifexd: Is
there a feed or would I have
to continually poll?
alexsanjose: and does
that account for 100 pct of
the profit?
mircea_popescu: TestingUnoDosTre bounce artifexd mike_c and
the rest of
the supermath python gurus : maybe write a script
that
takes a bet and spits out
the moving odds as
the bets come in ?
BingoBoingo: If you lose you lose.
That part is simple. Winning is
the complicated part.
alexsanjose: its february, 2015. obama has overlooked a growing
trend and failed
to mention
those
two syllables -- i lose 100 pct of
the bet i placed, no?
BingoBoingo: If you win
though, it really depends on what happens
to
the pot after you place your bet. You could win more or less.
alexsanjose: if i lose i lose
the entire 1 btc i bet, correct?
alexsanjose: but on
the mechanics of it, kust
to be simple, assuming
the odds dont change -- i put in 1 btc and get out 1.24 if i win
BingoBoingo: asciilifeform: And
that is what decay's sanity. Not
the stress, but
the roundworms
BingoBoingo: And bets are committed until
the bet's resolution.
alexsanjose: the odds shift as
the numbers of players and amounts of bets shifts
the balance on either side?
BingoBoingo: To guarentee odds you may need
to place multiple bets.
BingoBoingo: The
thing is mutual betting so it is pile of money and weight versus other pile of money and weight.
alexsanjose: and
the odds below lay out your earnings should u win
alexsanjose: prolly some sort of ethics violation
there. i ll ask
tho
BingoBoingo: alexsanjose: You can place any amount. It may be easier if you go
through
the process of placing a position on BitBet. I can give/lend you a balance
to do
this depending on your agency's ethic's rules.
alexsanjose: it costs me 0.22 BTC if i want
to bet yes?
alexsanjose: so if i bet
that obama is going
to say bitcoin before 2015
BingoBoingo: Through a respect for
the immutability of actual history
BingoBoingo: Instead of accounts everything is merely a ledger balance, forced into
the right place
BingoBoingo: alexsanjose:
They way Bitbet works is everything is
tied
to addresses
mircea_popescu: alexsanjose
that'd be part of
the great power of bitcoin. you don't need accounts.
alexsanjose: i was just surprised because i know
the sites i m familiar with require custoemrs
to set up an account
BingoBoingo: Currency died in
the 1970's it is all about assets nao
mircea_popescu: well because without bitcoin you don't exist. also because you need it
to bet on bitbet.
alexsanjose: so i read
the faq on
the website, but can you walk me
thru placing a bet?
ozbot: Portret al artistului la
tinerete pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: i'm also worth a few million atc, i guess, which is a similar problem. what sort of business opportunity did i see
there ?
alexsanjose: but when u earn 1.19395524 BTC in March, a portion goes
to shareholders, a portion
to operations and a portion
to u no?
mircea_popescu: alexsanjose i don't do business per se. i
tend
to provide critical infrastructure pieces for bitcoin finance is all.
BingoBoingo: alexsanjose:
The erstwhile competitor
to BitBet was betsofbitco.in (Operator has since disappeared)
alexsanjose: but what made you decide in jan 2013
that
this would be a good business
to get into?
mircea_popescu: at
the
time we made bitbet,
there also existed a "competitor", i forget
the exact
thing
mircea_popescu: you're missing a lot of history. at
the
time i made mpex,
there existed a "competitor", glbse. it was basically a scam, and has meanwhile died
mircea_popescu: this is supposed
to be ostentatious ? since when is russian paper worth anything ?
mircea_popescu: "He’s ostentatious – he once folded up paper airplanes made of money and
threw
them from Vkontakte office windows."
alexsanjose: so, mircea_popescu, what drove u and your cofounder
to set up bitbet
alexsanjose: I saw it on a website
that was evaluating bitcoin gambling sites