log☇︎
742700+ entries in 0.517s
CheckDavid: Which platform do you suggest to fund a startup?
TestingUnoDosTre: yes. the bet was stated that the ratio of MMM to BTC would stay above .2 until may or something of the sort
mircea_popescu: TestingUnoDosTre i vaguely recall some discusison re a 3m bet a month or so ago, was this the same one ?
VanCleef: so more details teh better
TestingUnoDosTre: MP, I tried making a bet on 3M that was worded very similar to the berkshire one, and the mods rejected it because it was outlandish
mircea_popescu: "x y z will happen, here's the link to it measured"
mircea_popescu: generally, you want the bet well specified.
VanCleef: i can list who else is in the group
mircea_popescu: can you list the matches ?
VanCleef: i'm sure fifa.com keep scores on their website
mircea_popescu: is this tracked anywhere ?
VanCleef: i want to bet that Australia wont win one single group match for the fifa world cup ☟︎
Mats_cd03: the next day i woke up early and had an XL jar of skippys...i temporarily replaced blood with peanut butter for a few hours
Mats_cd03: when i was 8 a family friend told me peanut butter was a preservative and i could live forever if i ate enough of it at once
mircea_popescu: we tried yest but it didn't stick
ThickAsThieves: it'll probly get to 30%+ i bet
mircea_popescu: and the 1year berkshire based btc bond just went to 3%
ozbot: BitBet - Bitcoin to surpass Berkshire as an investment
mircea_popescu: what was that shop that'd deep fry anything ? butter, water, icecream
Mats_cd03: ever deep fry a turkey? its godly
mircea_popescu: try taking 100k out of your savings, buying gold bricks and driving them to mexico.
asciilifeform: they don't sell this in shops around here
Mats_cd03: i still have 2 frozen turkeys from thanksgiving
asciilifeform: incidentally, nothing (at least, at present time) stops an owner of XXXX bezzlars from driving to a precious metals seller and filling as many buckets as he can afford.
benkay: firestartr are some no-names, iirc ThickAsThieves
Mats_cd03: turkey: the inferior chicken
mircea_popescu: speaking of turkeys in new york : "ground turkey meat, was $2 for 20 oz. 2.5 years ago on sale ; it's $4.50 for 20 oz. on sale now."
gribble: Statement regarding recent third party audit report - Bitstamp: <https://www.bitstamp.net/article/statemen-regarding-recent-third-party-audit-report/>; Statement by Bitstamp regarding Mt Gox insolvency - Bitstamp: <https://www.bitstamp.net/article/Statement-by-Bitstamp-regarding-MtGox-insolv/>; Bitstamp - buy and sell bitcoins: <https://www.bitstamp.net/>
ThickAsThieves: didnt they do an 'audit'?
mircea_popescu: just as long as not too many are converted.
mircea_popescu: asciilifeform sure you are, because they CLAIOM to be convertible
benkay: bitstamp's running fractional too, right?
gribble: Bitstamp BTCUSD ticker | Best bid: 520.06, Best ask: 526.96, Bid-ask spread: 6.90000, Last trade: 520.06, 24 hour volume: 33543.19632708, 24 hour low: 505.0, 24 hour high: 587.49, 24 hour vwap: 540.479270299
VanCleef: 3 chinese bitcoiners were executed today
mircea_popescu: asciilifeform i suspect that ties into my "dual currency" earlier :
ThickAsThieves: i see no reason to disrupt the live orderbook
ThickAsThieves: that would effectively recreate the situation you are going for
asciilifeform: in the u.s. in general, people with money (but not quite a 'fortune') who want to rent something nice vs. playing debt games, are a bit of an under-served market.
ThickAsThieves: now if HL shuts down normal trading during that...
Mats_cd03: i think the confusion here lays with the recent depreciation of btc/usd and the capital RS actually needs to be denominated in usd
mike_c: topace said it can't, but also that he isn't involved so he doesn't know.
ThickAsThieves: where there is no orderbook
ThickAsThieves: is the tranche will be sold through "IPO" feature
ThickAsThieves: i dont think it can be done
benkay: welcome to this morning, ThickAsThieves
mircea_popescu: ThickAsThieves do they actually do this as ppl claim or not ?
ThickAsThieves: <the20year3> HL will automatically suspend all buy orders under .0075, so all buys have to go in at .0075 //// dafuck?
asciilifeform: to be fair, it is a little bit from the peculiar conditions where i live. most of the rentals are geared for students, and are gigantic, divided into rooms.
mircea_popescu: its been discussed in teh at some point coupla months ago, i don't recall the specifics
asciilifeform: quite the same here. and yet, i've been trying and failing to rent a house for ages.
mircea_popescu: much of rent is predicated on its operator familiarirt with the field, that doesn't seem to translate too well across a geographic distance
VanCleef: i think he should just sell the shares for 0.008 instead
asciilifeform: has very advantageous economics for this << how's that
benkay: cannot touch both fiat and crypto at once
mircea_popescu: which incidentally begs the question, why a merger with someone in a diff market ? does it benefit from equally good economics ?
benkay: they're crossing the wires though
mircea_popescu: asciilifeform apparently ohio or w/e this one is has very advantageous economics for this business
mike_c: asciilifeform: well, no strong indications that it is run by scammers. just that they don't understand their relationship with havelock very well..
VanCleef: i dont know just haven't heard from them since
asciilifeform: mike_c: if only this existed in my town (and, run by something other than scammers)
mike_c: ^ heh. "rent shares rose on news that they will soon be forced to be worth 0.0075 btc"
mircea_popescu: VanCleef i have no idea, were they due a report or something ?
benkay: the20year3: do please explain precisely how this new tranche is working
mircea_popescu: kind-of a pity in that a well managed business on those lines makes some sense.
benkay: who knows - maybe there's three more months of going short btc via rent
benkay: the bet would be does the wall get eaten or rentalstarter fall apart first
benkay: topace: you can't make any claims about the code they're running if you can't make any claims about the code they're running.
mike_c: asciilifeform: https://www.havelockinvestments.com/fund.php?symbol=RENT they buy houses in ohio and rent them out.
benkay: mircea_popescu: explain it like i'm at least twelve
topace: im sorry i can only comment on what i see on the site, i dont see a new tranche?
the20year3: I don't think they can put in an indefinite sell wall , and at any rate there's no reason for us to fundraise past $1.5m USD
benkay: massive sell wall at 0.0075 that never gets eaten?
mike_c: so what, the block of shares is just released at the same time that open market trading continues?
topace: there's no "you cant place orders below 0.0075 in the code"
topace: because i wrote the code
mike_c: next "tranche" of RENT shares is going to be sold at 75, but market price is 53.
benkay: well then how can you make any claims about what can or cannot happen on the exchange, topace?
topace: (remember, im no longer involved in running the exchange)
the20year3: USD price is the same at .0075 as it was when we did the last round at .0055
benkay: topace: how is this next round at 0.0075 working?
benkay: the20year3: it is staggering that you don't understand your own issuances.
mircea_popescu: "They did it with PETA" " did it with CBTC too" ?
mike_c: so enlighten us, how does a 2nd round ipo at a higher price than the market price work?
CheckDavid: You guys trade stocks of companies on these exchanges right with or without the need for personal identification?
the20year3: I may be wrong then
topace: the platform does not suspend orders below certain thresholds
topace: ^ is what i was referring to
topace: [12:40:35] <the20year3> HL will automatically suspend all buy orders under .0075, so all buys have to go in at .0075
mircea_popescu: the general fate to people telling me my information is not correct is aptly represented by one trendon shavers.
topace: im not sure where you are getting this information
mircea_popescu: pankkake well other than it'll likely never generate any capital, it would resolve the problem yes.
the20year3: That's a possibility too
pankkake: I mean do your second round on the open market, not on havelock special IPO feature
mircea_popescu: but you should be somewhat more responsible, seeing how you're tied down to real estate.
mircea_popescu: topace is nutty enough to imagine he's going to escape through some fraudulent sale to a panama front,
mircea_popescu: the20year3 at any point you may seriously consider your involvement in this scheme may actually result in criminal charges.
Mats_cd03: oh, i thought there might be a flighty finance term
the20year3: Otherwise the fund becomes illiquid
the20year3: I don't think they're allowed to have an indefinite 2nd round, from my understanding we were required to have a set 2nd round
asciilifeform: does this sort of thing even have a name << chumpatron.