log☇︎
74100+ entries in 0.893s
mircea_popescu: http://trilema.com/2013/how-to-hedge-as-a-miner/
ThickAsThieves: "ASICMINER is absolutely a very solid and proven company, unfortunately they are also valued as such. "
ascbot: i am not as daring as you :P
ascbot: mircea: i have read also 50 shades of grey and i have litle stock of litecoins, although i am not so rich as you and i do not have the connections you do
mircea_popescu: "2013 | June | There are now twice as much people hating Mircea Popescu as holding litecoins"
Namworld: As far as I know, yes
Chaaang-Noi: as i have never been arrested or charged or anything related to btc...
dexX7_: and people do it for the same reasons as other drugs?
Wild0wnes: mabey if i sell myself as an american mailorder groom...
frb: "first run", as in, no product until the IPO succeeds :p
dub: presumably as soon as the big ticket pumpers have dumped it will got to 0
Hiro2: VanCleef don't attend your own funeral as .... shoot what was the name from dish commercial?
VanCleef: "If you're going to worship a jew it may as well be Larry David" - Larry David
Vbs: ThickAsThieves: the best part of Labcoin and Btcgarden is that they are >2x as smart as Avalon and Asicminer. Dunno how those newb devs left so much untapped chip potential yet to be discovered! xD
ThickAsThieves: "Also by people holding onto BTC and not converting as much to Fiat, we are helping create the 'real' bitcoin economy--one that is based on investing back in the BTC economy, to cause for the growth and expansion of bitcoin on a whole.
ThickAsThieves: "Yes, we are a new class of internet entrepreneur that are going to provide the capital for this economy to develop. It's almost as if we are all micro-venture capitalist, and we are all helping expand, grow, and increase the value of bitcoin by intelligently investing in BTC companies."
parseval: Basically, scammers say they're from Nigeria on purpose as a method of removing false positives in their search for the most gullible people
jurov: as a tax rate
mircea_popescu: it's not a crime, but it doesn't enact relativism as a religion either.
dexX7: so in the end it does come down to this: without hard facts, we can only assume and thus you can decide for yourself if you believe or not.. well, i'm the one who believes i think and you are not, which is totally fine and saver, but it's too far fetched to present your thoughts as fact
ThickAsThieves: some stockholder advice for labcoin "That said your bitcoin assets can still be used for other purposes if you are willing to earn interest on your bitcoin capital you can either hold it and make sure they are secure or put them in some bonds such as coinlenders or just-dice for a period of time. Another possibility is to use AM as they are still providing yields on their shares in the
mircea_popescu: well yeah, it's possible. and this is as far as you can go.
mircea_popescu: as it'd be straight "jerkoffcoin" in romanian
dexX7: the api declares a trade as sell if someone sold into a bid and vice versa
jcpham: surely they've infected the -assets as well
dexX7: buys + sells added = 13716,45 ... which represents the number shown by btct as volume
dexX7: i read this as "you are incapable of understanding what's going on because you are no professional"
mircea_popescu: which do not in fact exist as net btc inflows. paper only.
Urushiol: I personally don't see it as that big of a deal as long as they're getting shit done. We get the gist, though answering the block eruptor thing would be good. I just assumed it was a device ID / driver thing. Couldn't the miner simply see it as a block eruptor?
kleecksj: I could good translate about as well... but I suppose I'd end up sounding like vlaoou321...
ohreally2: "To compare with other mining-projects,lets assume we occupy 25% of the entire network hashrate as a *conservative* estimate"
matuszed: it comes off as a trade
freeroute: it's as if the BTC stocks are the new alt currencies
Hiro2: I see btct as another MtGox
parseval: I think it's fairly safe, as things go, but there's still some risk
mircea_popescu: prolly as legit as it gets.
mircea_popescu: but if you want to get puristic about it... asicminer could be faking their output just as werll as anything.
Rulother_: Yeah I'm trying to cancel out a couple of singles, as I doubt they'll be useful by the time they actually ship em
parseval: Oh wow, and TAT delivers just as I say that
DeaDTerra: I purchased back the shares from the PT investors as according to the contract and then closed the asset
gribble: Nick 'DeaDTerra', with hostmask 'DeaDTerra!4f66a894@gateway/web/freenode/ip.79.102.168.148', is identified as user DeaDTerra, with GPG key id A66A3733FC94B88F, key fingerprint 50D437162E449CAD98B9922AA66A3733FC94B88F, and bitcoin address 1G3R6eo4PYM3ZHRyKJofqo9ZJwRswzk3PR
mircea_popescu: i wonder how the applications of english language would look if it were chiefly spoken by able people who do things rather than as it is now, by entitled nimrods doing nothing at all.
Urushiol: as long as you're already mining labcoin
Wild0wnes: same dudes as the wayback machine
pizza_deliveri: as if you can't even admit when you've made a mistake
mircea_popescu: not as far as i can see.
pizza_deliveri: sick in the head as has been said before...no smoke without fire
afrotec: as we've seen today
pizza_deliveri: as if you'd even remove my name if i proved you wrong???
mircea_popescu: FlyingLeap it sure as hell is comfortable.
pizza_deliveri: as you've done with me
mircea_popescu: pizza_deliveri wait, what. you know shit that's going to mysteriously have to wait and there's other examples of scams just as poorly made ?
thestringpuller: this is ridiculous, people really want to implement 2-factor servers as part of the PROTOCOL, this is absurd
dexX7: how and when do you consider an account as hacked? when previous owner announces his lost?
mircea_popescu: if you did that changing posts is about as indicative as farting in general directions.
laque_: I like how we've reverted to basic websites as the new modern standard
laque_: so conibase has as new login?
Hiro2: So how much does labcoin as a company itself really have potential?
ohreally2: ukyo might be right, ipo is not as big as activemining and ipo pricing was rather low
louong: Ukyo, what do you think as a top?
PalePhoenix: that btcgarden is 10x as big. when I first read it I thought it was a joke. watch them get it lol
TradeFortress: scrybe, locked as in db lock
chsados: im asking for 1. a screenshot of the tender 2. a public statement of the deal and 3. a forwarded email of the email he sent to ken as well as screenshot of the email
dexX7: the demand before the "place as many bids as you can" announcement was something around 11-13k btc
kidkrypto: but moved it up as it appeared none of 0.001 would get filled
louong: as all bids below 0.001 will be thrown out
kidkrypto: damn, i pulled my ipo bid before i went to bed as swede said book would likely be wiped
louong: as per usual
frb: It worked for two others as well
jcpham: maybe the chinese have hijacked that AS
ThickAsThieves: as i understand it,
Rawted: dont want to sell my asicminer,activeminign,cognitive shares as theyre all down due to the labcoin hypetrain
gecko_x2: burnside must be busy as hell
Rulother_: I wouldn't say investigating one case, as getting involved.
Ukyo: iom sure hell fix it as soon as he has time to work on btct
mircea_popescu: "Labcoin started out as a privately funded experiment, managed by iTec-Pro Limited back in September/October 2012, with the aim of exploring the development of novel mining technologies."
Ukyo: this is becoming costly as fuck
jurov: ask him when he goes out of hiding. even to this channel he used ukyo as middleman
ThickAsThieves: "4,000,000 shares of BTCGARDEN,which occupies 40% of BTCSEA CO.,Ltd`s market value, will be made available to the public at btct.co. First 2,000,000 shares will be put up in value beginning at 0.016 BTC/share ,the rest of 2,000,000 shares will be issued with higher price as soon as the first 2,000,000 shares have been sold out."
chmod755: as in kkk?
Rulother_: I understand that :) But still more people using btc the better, and more interested in btct the better as well, at least that's the way I feel as an investor.
freeroute: ThickAsThieves: no I was just wondering how you could buy Labcoin pre-IPO shares, and whether it was different from buying Smidge.com A shares (which you have to buy directly from smidge). So then smidge asked what was wrong with that, so I replied by telling nothing as far as I know, but if anyone could point out otherwise I would be happy to listen.
afrotec: that's what I took it as
jurov: Namworld: it's the same as trying to talk gamblers out of whatever-dice
VanCleef: same as last week?
dexX7: "Hello! I have indeed been ASLEEP! We have NOT released the shares for sale as we promised we would give the forum a set time for the IPO to keep it as far as possible. The shares will be released AT IPO PRICE 0.001 BTC in 12 HOURS. That is 8 PM CENTRAL TIME! "
Rulother_: So they see Labcoin as another early amc
ThickAsThieves: this is a world where AM already exists as a force, as does BitFury
kidkrypto: as long as the shit goes up and i can sell, i don't care if it's made by nigerian asics
mircea_popescu: why would something have the same mkt cap as asicminer ?!
ThickAsThieves: "This list should help you decide which bitcoin stocks to invest in. "Potential price" shows the price of the stock if it would have the same market cap as ASICMINER. "Potential gain" is the ratio between potential price and current price (or IPO price, if the stock is not traded yet)."
smidge: so if you distribute it via the percentage as i described, you have fair distribution, the price is the original ipo price, plus you can adjust # of shares
smidge: if the ipo price is a bid like it is currently, it adds another problem as you can see. nobody will be able to buy at the original ipo price
Ukyo: as cat said
saulimus: it can't go straight from 0.004601 to 0.0076 as there is like 24000 shares of asks in between
saulimus: I mean it's literally not possible as there is a lot of asks between
mircea_popescu: as imo any other avenue is unworkable for those reason
mircea_popescu: names as in who ?
dub: yeah pay sucks too, I was paying more tax after a few years in IT than I grossed as a chef
mircea_popescu: same as when glbse croaked. 30 btc.