735100+ entries in 0.469s
jborkl: mircea,
to go along with your point - I send my kids
to private school 6 and 4 years old.
The 6 year old can do algebra, multiplication, read, write and knows some of
the periodic
table < public school peers are very far behind
mircea_popescu: so in
this sense, as far as
the forum is concerned, having made
that bet proposition is good enough.
pankkake: two *working* programs?
that's better
than most
nubbins`: had
to
teach myself, essentially from scratch
nubbins`: mircea_popescu
trying
things isn't required. i have a CS degree even
though i only made
two working programs during
the course of my degree
mircea_popescu: nubbins` indeed. i routinely meet 20somethings who have not actually
tried ANYTHING
the past decade.
pLambert: failling and shares dropping are not exactly
the same
nubbins`: mircea_popescu
the
true horror of
this situation won't be realized for another few decades
mircea_popescu: this has resulted in a generationful of people who can do nothing but and nothing other
than "convincingly"
trying.
nubbins`: namely
that bitbet would continue
to function
nubbins`: well you're making some assumptions
there
mircea_popescu: since about
the 90s or so, basic us education has been filtering quite perversely : you get an a or a+ for succeeding at
the
task, usually an a or rarely a b "for effort" by delivering a credible simulacra of having
tried, and an f or rarely a c for actually
trying and failing.
pLambert: well, say you have some shares of s.mpoe. If mp gets arrested,
their price will go down, I
think. so if you bet
that mp will get arrested, it will offset
the loss from your shares?
mircea_popescu: while he does i wanna pontificate on
the following
theme :
mircea_popescu: "mp arrested for
the crime of being mean
to forum dwellers and bureaucrats"
pLambert: but it might be useful
to bet on yes, cause who knows what will happen
to mpex investments if mp gets arrested, sort of a hedge?
pankkake: it's not
that
they don't have
the funds, I've offered very small bets. it's
that
they don't even believe
themselves
mircea_popescu: the incidental
that
they can't afford food anyway notwithstanding
mircea_popescu: reminds me of
the principled 20somethings
that are on a diet
nubbins`: pLambert: also,
the btctalk crowd who would love
to see MP extradited also probably would never send a single satoshi
to bitbet, purely on principle
mircea_popescu: turned out
the guy's budget was maybe .1 or something like
that.
mircea_popescu: and
there was some derpage about s.mpoe falling on
the forum if i recall
mircea_popescu: thus if submitter places a 10btc bet he is in effect going "i'm not
tryin'
to mooch ya"
nubbins`: someone could just put 100btc on yes and
then fly
to russia and beat
the shit out of
them
mircea_popescu: pLambert bitbet charges 1% of
the pool, and puts .1 btc on
the new bets.
pankkake: yeah but
the
tough bitcointalk guys don't bet
nubbins`: bunch of cossacks whipped
them with knotted ropes
pLambert: I don't
think
they allow bets about people getting hurt or killed?
pLambert: I
thought
the guys at bitcointalk who are so sure MP is going
to get dragged across
the ocean would like
to put some money on it?
nubbins`: pLambert "Consider submitting with substantial paid wager" is a common rejection reason. not sure if
there's a cut-and-dry minimum, but i've seen bets with 0.0x btc on either side
pankkake: first
time I see such rejection
benkay```: Rejection reason: If you're going
to play
the cool internet cat, go get some BTC,
then submit your retardation with paid wager.
benkay```: Mircea Popescu will be arrested and extradited
to
the US in 2014
pLambert: "Rejection reason: If you're going
to play
the cool internet cat, go get some BTC,
then submit your retardation with paid wager." How much do you need
to bet
to get a bitbet accepted?
mircea_popescu: "Out, out, brief candle! Life's but a walking shadow, a poor player
that struts and frets his hour upon
the stage and
then is heard no more. It is a
tale
told by an idiot, full of sound and fury signifying nothing."
dexx: isn't
this your website? and nvm: it's back up for me now
kakobrekla: kraken will
trade you dead grandmother if
the logo is nice.
☟︎ mircea_popescu: kakobrekla aha! i wish i remembered what it was supposed
to be
trading for back in 2012
Namworld: Ah yes,
this point about
too much security/regulation is excellent.
mircea_popescu: o yeah, which reminds me, how is ven,
the revolutionary currency of
the internet nefario discovered somewhere ?
bounce apparently (well, generally ignoring
the drama over
there) haven't kept up enough
to see
that
mircea_popescu: but seriously, i
tell you you can't have a new car and you close down
the fucking parks in response ?
pLambert: promises? you mean
the
things Obama said he would do, and
then didn't do even
though he clearly has
the authority
to do
them already?
bounce: not
too much on
the promises made
though
pLambert: bounce: already
the president makes executive orders
to do whatever he wants
mircea_popescu: the only way out was
toi have obama hung for
the crows
to peck at for
two months, on capitol hill.
mircea_popescu: that was a
test, it was failed, congress is going away.
mircea_popescu: not even
the point
that it failed,
their attempt, but congressional dignity proved an empty word.
mircea_popescu: recently
they
tried
to enforce
the power of
the purse and were made a mockery of for it.
bounce: presidential order kicking out congress?
that's going
to be some riot.
bounce: you know, discering a signal, framing, all
that jazz
bounce: "coding specialist" is someone who knows about "line coding" and such. more or less what
the w3c
tried (and inevitably failed)
to conveniently can with xml
mircea_popescu: You can’t stop all fraud. Some will get
through your defenses. Currency exchange profit margins are
too narrow
to absorb much of it, so you need a healthy legitimate customer base across whom you can distribute
those costs. As chargebacks come in, it’s
tempting
to focus entirely on eliminating fraud. Unfortunately,
that focus inconveniences legitimate customers so much
that
they go elsewhere.
mircea_popescu: obviously clueless kids left
to reproduce irl
the emperor of flies circus going on in
their head wouldn't know about it.
ozbot: Adnotated words of wisdom on
the
topic of online fraud pe
Trilema - Un blog de Mircea Popescu.
Namworld: Soon
they'll ask for blood samples.
Namworld: I know about Bitstamp verifications... it's lulzy.
They ask for more dox
than
the government itself or banks.
truffles: sounds like some1
that knows all about "coding"
truffles: ofc not, chat rooms arent meant
to have conversations..
pLambert: isn't
that how irc is supposed
to work?
mircea_popescu: i
think
two unrelated convos became cojoined at
the hip here
Urushiol: that's what I
thought you meant.
pLambert: oops, should have responded
to Urushol, not asciilifeform
Urushiol: I believe it's in
the prospectus, no? It was months ago
that I read it last so I can't recall for certain.
pLambert: yes, right. so what is
that amount?
Urushiol: and
take
their projected expenses as assumptions
Urushiol: pLambert: it will give you a max
though
Urushiol: mircea_popescu: it would require coding specialists mostly, which we have already. just get volume for each fund in
that
time frame and apply HIF's percentage returns. I haven't finished my Python quite yet, otherwise I would attack it.
pLambert: asciilifeform: I don't
think you can just
take volume, who knows how much
they will
take out for expenses?
mike_c: bitbet has certainly published a lot of
their addresses by now. hopefully
they have good RNG!
Urushiol: mircea_popescu: what I find particularly surprising is
that it wasn't calculated by
the community already, given volume is available
through
the API
mircea_popescu: "how
thick is a width of a meter ?" "dude dunno, as
thick as
the wind blowing may make it seem. otherwise, it's wide"
mircea_popescu: kinda what happens when you
try
to measure
things by orthogonal measures.