log☇︎
74600+ entries in 1.102s
ThickAsThieves: as worst case
mjr_: but yes, i use 0 as my interest and dividend
mjr_: then i can/should treat it as such
mjr_: just cuz vwap is the same with 30 days left, i shouldn't pay the same as 1 day left
ThickAsThieves: so you don't see bitcoin as a the populous currency of the future?
mircea_popescu: just like i showed the SDRs as the exact equivalent, and people ignored it because well... they never had one so it don't exist. ☟︎
mircea_popescu: but they make a poor standard, as they're not wealthy or socially needed.
CheckDavid: it doesnt? So he has to sell his house as well
mircea_popescu: there is no such thing as "fiat value"
mircea_popescu: this is however vastly irrelevant. squirrels are squirrels and people only matter inasmuch as they manage to treat that which matters rather than that which they "feel" is "relevant"
ThickAsThieves: however a refusal to take fiat is also a refusal to convert fiat into btc if you are paying out more btc than fiat as a company
ThickAsThieves: it needs to be more convenient to use your btc as btc than fiat
ThickAsThieves: that btc WILL end up as fiat
ThickAsThieves: oh i meant as an individual
mjr_: well, my point is that as much as people tout the "acceptance" of bitcoin
mjr_: but no one uses it as a unit of account
mjr_: coinbase is probably a buyer as well
ThickAsThieves: cash out some as a salary
mjr_: yeah, you could say that they are a dumper as well
mjr_: but i think as buyers leave exchanges
mjr_: they should take their role, as a central flow of bitcoin and use it to stabilize
mjr_: its also nice though, since you have redeem on demand, you don't really have to, as you can just sell and everyone knows what its worth
CheckDavid: don't they go up and down on hashing bonds as well?
matthew_boyd: That's a bit of a paradox, seeing that that is uber childish as he is namedropping
Chaaang-Noi: did you do part 2 as well?
topace_: that max win changes as the pool gets bigger/smaller
topace_: MJR_III, yea, as their betting pool
mjr_home: nothing as far as i know
ThickAsThieves: yes mgmt is my issue as well
CheckDavid: And whcih measures would you have taken as a responsible company manager?
ThickAsThieves: "Exactly. I want juicy dividends, not some useless "reports". Dividends are my reports and they are pretty good. As long as dividends pay, friedcat can sit with his thumb up his nose for all I care."
Chaang-Noi: I lived in/close to Detroit for 22 years. My "favorite" moment had to be when I got robbed at knifepoint during the fireworks. There were cops 30ft away from me. When I ran up crying that I had been robbed, one of the officers said, calm as ever, "well... you're in Detroit" I lost all hope when I realized he did not care.
Chaang-Noi: iv had good luck as well
mjrIII: as i was saying
mjrIII: same issue as when he dumped 3% more on the market
mjrIII: monday as always
mjrIII: he could have just listed "operations capital" as an expense of 4k and then showed profit of 1k if he wanted
mjrIII: Chaang-Noi: i am saying, that if you look at a stock, and see a P/E ratio of .28 or whatever, and then see that they have huge market share, as well as very low expenses to profit ratio, what would you think
Chaang-Noi: mjrIII> Chaang-Noi: anyway, profit of 5k bitcoins last month pretty much says everything i need to say about s.dice as a company what the loss the month before? is that what it says, lulz do you know luck, you are just an ignorant troll. be my guest, sell your ouse and buy s.dice, its best evar
mjrIII: and is exploring how to protect the company and himself, as he should
jurov: as i said, erik is trustworthy but he seems to consider sdice a liability
mjrIII: Chaang-Noi: anyway, profit of 5k bitcoins last month pretty much says everything i need to say about s.dice as a company
jurov: mjrIII and what do you say to the fact that evoorhees intrduces himself as Coinapult CEO, not mentioning SatoshiDice much?
mjrIII: pankkake: well, as an investory, whichever is more appealing to the consumer is the one i'd rather invest in
pankkake: as an investor, it's all the same really
pankkake: the advantage of satoshi dice, as a gambler, is that the btc go back (or not) to your account quickly. you don't have to put much trust in the operator
mjrIII: as if there weren't s.dice clones in the past
mjrIII: Chaang-Noi: i think of it as a place for businesses to sell equity in exchange for capital
mjrIII: then i collect hopefully .15 bitcoins as premium...
mjrIII: but i basically have to put up .2 bitcoins as collateral to hedge one bitcoin
mjrIII: as i am pretty sure i can do futures with some businesses
mjrIII: and as far as i can see, no interest calculated on the futures
jurov: prolly someone turned you in as a known troll
mjrIII: depending on what you think of as extreme
jurov: then use that price range as breakeven points for options
jurov: i'd rather try to consider btcusd as random walk and determine in which range it's going to stay with, 95% chance during the 1 or 2 months
mjrIII: but if i do this as a thought experiment
mjrIII: and its very complicated, depends on if you measure p&l in btc or USD (that is not as simple a decision as one might think)
mjrIII: but as the future profits on price falling, it should offset the loss from the put
mjrIII: anyway, if i can for example, sell 10 btc at $68 at months end, and only have to put up 1 btc as collateral
mjrIII: as i've said...the goal was not to speculate, the goal was to arbitrage
mjrIII: curious as to interest levels
mjrIII: and also, since it is not possible to know how many bitcoins i would need as collateral, there is a little uncertainty in ROI
mjrIII: since i profit from the future's contract if the price goes down, as long as my premium is at a certain price, i won't lose money in the total portfolio though i lose on the put, my future should hedge me
thestringpuller: You should put anything that would go as dividends into cash on hand, and invest. :P
furuknap: I find it interesting how people seem incapable of seeing others as not having their own characteristics.
benkay: i typically recommend it as a good framework for apps that clients want to maintain themselves, or be able to hire people to maintain themselves
ThickAsThieves: I know i'm late commenting, but in general, offering more payment methods will likely only have one negative consideration. It may act as a distraction. For web shopping, most any "step" or "option" is a potential moment of distraction. Each of these moments can be considered an obstactle to a sale, the goal being to have the least amount of resistance between the impulse to buy and
cads: hmm, I can has clojurescript as a replacement of javascript?
cads: I haven't even run it - I have a lot more experience with wordpress, but that experience makes me want to stay away from using WP as a storefront
cads: sites like tagstand.com have been successful (I don't know how successful) offering an inventory of NFC tags at low volume/high cost, at the same time as offering a free NFC based task manager app
jurov: cads, that could be successful if more btc-related service, such as (example idea) nfc tags with vanity addresses
cads: benkay: I don't think they'll have much room to complain, as long as I don't link customers from the ebay store to my store
cads: the idea is just, you know, offer bitcoin payment as something to differentiate us from other stores selling NFC tags
cads: this is not a bad thing, don't treat me as if I'm trying to rain on some parade
cads: I'm simply proposing an experiment, and suggesting that my real life experience interviewing various people (people who are _not_, as a rule, very connected to the social network sphere or the blogsphere) suggests that BTC is a point of contention for many people.
cads: your store says "we now take drugs as payment!"
Blastbob: thats the same size as the left and right ones
mircea_popescu: let me explain something to you. if you are named as an accessory to identity theft computer fraud etc,
Blastbob: yea i accually read them as full AM shares
mircea_popescu: you make ~30% as an average over the past coupla years.
furuknap: So, you didn't know what it meant. That's fine, I'll just assume your assumption of the answer is funded on about as much insight.
furuknap: I'm not as focused on language as I am on design. Programming languages, to paraphrase someone far smarter than me, is to programming as telescopes are to astronomy.
furuknap: As to why that notation is such, I don't know. It's been years or maybe decades since I did anything useful in Perl.
Namworld: Also noted as ☺5.25
Namworld: The rich neighborhood... as in became a fat cat and started to mix with the "elite"
Namworld: Yes, for most... who are clueless as to how Bitcoin works...
mircea_popescu: but as it is, bitcoin is moar than stanford, so.
Namworld: Yeah. I don't think too much of it. But I find it fun professors have decided to make their student integrate Bitcoin as the payment system instead of something like Paypal.
mircea_popescu: about as many as stanford bitcoin start-ups, give or take.
mircea_popescu: i think it's all fruities involved as it is neh ?
ThickAsThieves: maybe it's time to reveal theymos as pirate?
Bugpowder: drop to 50, bouce to 65. drift down to 15 over the next 4 months as the death of bitcoin articles come into effect
orkaa: the second one went to same high school as me
furuknap: So either new tech comes along, which is very expensive, or KnC or someone like them must get much lower prices. The rates that brought AM to insane heights are miles away from being efficient enough now, just a few months after it was hailed as the cheapest possible chips on the planet.
furuknap: No, the mass production isn't there by a long shot. Like I said, KnC (which are the most efficent miners as of now) must sell hardware for $200 million until FEbruary 2014 to maintain 10% network growth. They're not even close to that.
pankkake: how sure are you that KNC will ship? will their hardware be as good as they promised?
furuknap: That is because of the halving effect; investments now have much shorter time before halving, so they can't be as high as they used to be.
furuknap: Again, sellig what? Miners will still need to get ROI which will be twice as difficult, so hardware sales will drop to half too.
ThickAsThieves: you do realize, that by then, they will need to primarily serve as a hardware sales compeny anyway