75600+ entries in 0.998s
DeaDTerra1: I think that right about 2.4-2.5 is
as high
as you could argue for
deadweasel: misterbigg has a bigg ego and a lot of aggressive nonsense
as his modus operandi. lame.
inhies:
as much
as i hate how fast AM is exploding
mircea_popescu: i don;'t think that can work
as an automated thing. i think it has to be curated
thestringpuller:
As coffeehouses were frequented a lot for the latest news.
mircea_popescu: it's a fact tho. for the past year or so kakobrekla has been acting the superservant, and
as a result the chan came to dominate bitcoin discussion.
ThickAsThieves: yeah
as kids we dealth in cards, candy, and cassingles
ThickAsThieves: to hear something isnt always the same
as understanding it
mod6: blockchain.info shows the last block
as 237088
Chaaang-Noi: i slowly sell
as it goes up, so i always win, unless it goes down, and i just by more, sop i win later :)
deadweasel: i did what jcpham did for the same reasons. course it was self-fulfilling prophecy
as I dumped sdice.
mircea_popescu: might explain why actual ws types aren't
as worried about it
as the forum variety seekrs.
mircea_popescu:
as far
as i know tho, it's the borrowers who come to the terms of the lender
ThickAsThieves: i just dont see it
as good enough diversification or hedging, if that's your aim
kakobrekla: >Don't worry about me. This is normal (for me, at least). Finland is a good country
as regards the treatment of nuts.
BitHub: asicminer
as a company probably has 200th up their sleeve, just sitting there waiting
furuknap: Your thinking is not very relevant to math. What you think is about
as relevant
as the current weather.
gribble: Nick 'PsychoticBoy', with hostmask 'PsychoticBoy!~Psychotic@pdpc/supporter/active/psychoticboy', is identified
as user PsychoticBoy, with GPG key id 06DC71AFE4DAC520, key fingerprint 9E476C16F877E988110787BC06DC71AFE4DAC520, and bitcoin address None
Chaaang-Noi: i think cog might be a bit over valued, but im using it
as a hedge
Chaaang-Noi: yeah i hold cog
as a hedge against my AM, cuz they are heavy avalon and BFL
ericmuys_: furuknap: this article makes no sense. if it takes 1 GPU 1 week to mine 1 BTC it doesn't matter how much the GPU is worth in USD. what 1 BTC is worth is what matters. higher is always better unless you consider the difficulty decreasing
as the price decreases. otherwise common sense is pretty good here. "When the price of Bitcoin rises, our value denominated in Bitcoin drops drastically. When the price of Bitcoin
furuknap: If you just want coins for the curiosity of it, you're not looking at profitability and might
as well buy them.
furuknap: The counter-intuitive thing that miners miss is that they're arguing that they want to pay
as much
as possible for their coins and then sell for the same price, which doesn't make sense when you think about it.
furuknap: Think of it even simpler: You have two states of operation. One is gathering coins, the other is selling coins. When you are gathering coins, you want the price to be
as low
as possible and when you're selling coins, you want the price to be
as high
as possible.
ericmuys_: why can't the dividends continue? this thing didn't just start rising, it's been rising for months with consistently good dividends. what are you going to pull out and put it into? sdice? the funny thing about the dividends is friedcat could cash out
as the price is rising and pay that
as a dividend and it would be insignificant. 150 BTC * $125 = $19000. once a week, cash out 20k and pay it to the growing herd to
furuknap: Oh, I know. The herd thing is dangerous. I just hope it doesn't taint BTC assets in general
as bubble shares. I fear the train may have left for AM.
furuknap: When I talk to financial people, they tend to argue that "well, buying hardware is so much of a hassle, and what if it breaks? You're left with nothing!" not realizing how a miner with some hardwre competence can fix or replace hardware
as easily
as they purchase an option or future.
mircea_popescu: really slow uptake. i guess that's what you get when something starts
as a hobbist market : hobbists.
furuknap: That is, and I'm not joking, the topic of my next article :-) Miners have a limited understanding of finance, just
as financial people have a limited understanding of mining. When I talk to miners, they seem to argue that "just holding coins is really bad if the price drops while a miner can always resell his hardware" and not understanding anything about hedges in finance.
furuknap: I'm not sure it is
as random
as that. I wrote the article based on a lot of questions asked on the Reddit forums and people universally tended to completely ignore the effect of price fluctuations of their gear. One miner had just bought around 50 GPUs and hadn't realized that when the price of LTC dropped, he actually earned more from just having that gear than from mining.
mircea_popescu: inasmuch
as the mining rigs are fiat items pretty much.
mircea_popescu: you could
as well say that buying mining gear is a bet on the aliens showing up and wanting to buy it for infinite money.
mircea_popescu:
as far
as mining is concerned, difficulty is directly connected. the btc/fiat rate is contingent.
furuknap: I'm trying to understand what I did wrong, definitely. Talking about getting married
as an investment doesn't do that.
mircea_popescu: ok. inasmuch
as getting married isn;t a bet on some contingent future event
Chaaang-Noi: well
as much
as id like to stay and fuck around im off to burma
fiat500:
as an exchange, please dont make decisions like that on my behalf
Chaaang-Noi: <fiat500> you guys let emotion get i nthe way of money? at times yes, i use money
as a tool for power....
fiat500: given a long enough time frame, btc is just
as likely to be worth $1
as it is to be worth $1k
Chaaang-Noi: fiat500 if i were you i could buy cognitive
as a hedge on your AM
furuknap: In scale, it seems that 100TH is the only thing currently lined up to match AM. I threw a few coins there to see what stuck. Either it goes to zero or it works.
As far
as I know, neither Avalon, BFL, or the swedes have anything public.
furuknap: True, but they announced them two weeks ago. If they get the revenue paid out
as dividends in two weeks, then it takes a month to sell ฿20K, or ฿5K per week, which isn't enough to sustain 0.036 per week.
furuknap: They will have to be, and I really think they will be, but the picture isn't
as one-sided
as everyone thinks. Right now, we're cheering that AM wins the race every week, but nobody seems to notice there is only one horse.
furuknap: But the stable income is not
as high
as people think it is. friedcat has said he expects 10% on average. That correlates to around 0.006 per week. From that, you need to deduct the halving effect, which is 0.005, yielding 0.001 in real ROI.
Chaaang-Noi: price of btc ehre matters
as well, cuz we need to buy stuff with yuan, so higher the btc price the higher the percent of divdends
furuknap: To the extent of my abilities, it will be. It's not
as much a report
as a description of the method used to come to the analysis I mentioned previously.
truffles: sounds like explaining daily routines
as something special..
furuknap: That's about
as far
as you need to go to understand "Magick". There is, of course, far more to it that that, but it doesn't involve anything supernatural or anything like that.
ThickAsThieves: i wouldnt call it magic, but I do believe that
as species we almost literally capable of anything
furuknap: "The Secret"
as far
as I've understood, is mostly based on thelemic principles, yes. It's a bastardization
as far
as my peers have determined it, but I have not read it so I don't know.
furuknap: In that case, feel free to ask your questions. I'll answer
as best I can.
Scrat: Firecoin2 initially began
as a Feathercoin2, a joke coin created to poke fun at all the recent altcoin releases. However, after a surprisingly smooth launch, and some community support, it has been decided that this coin will relaunch
as Firecoin2.
furuknap: ...or will be perceived
as such. Declaration of interests make the reader aware of any bias and can evaluate the information in that light.
furuknap: truffles, if my information is biased, I will make it
as clear
as I possibly can.
furuknap: You are quite right.
As was I :-)
furuknap: [17:14] <truffles> im viewing it
as, u think ur info will be so factual that none will think otherwise > I still do not care what others think. I care about what I think.
furuknap: I'm talking to you because my statements about AM was a matter of discussion and part of that discussion was the analysis I had made that showed AM had no chance in hell to make back investments at these levels. I said I would publish those numbers but decided
as a matter of fairness to instead publish a simplified method for determining it yourself.
truffles: im viewing it
as, u think ur info will be so factual that none will think otherwise
ThickAsThieves: the only way to have a chance of being received
as neutral
furuknap: I don't care about their perception, I care about my perception. If I come about
as someone that even in the remotest of possibilities may say something for any other purpose than neutral information, I've failed and thus need to reevaluate my approach.
ThickAsThieves: yeah but taaki comes of
as vagrant gutter punk militia
Chaaang-Noi: you know this is not only a bitcoin irc chan, but one devoted to using it
as an economy,
as in the hard hard hard core of the geeks who use btc
Chaaang-Noi: i plan to sell 400
as soon
as we are over 2 again
mircea_popescu: Chaaang-Noi so basically you're going to be howling about how you sold for the top just
as soon
as it goes down
mircea_popescu: just
as long
as i say something every 100 lines the noise is under 99%.
mircea_popescu: ya names used to be BTCUSDblabla, changed when i got forced to move digits around so
as not to ruin downstream code.
mircea_popescu: heh, some people don't have wives (tho not married but only regarding themselves
as such)
kakobrekla: isnt this the same webpage
as that other one
mircea_popescu: asciilifeform i was commenting about how ppl will "invest" in anything just
as long
as itwon't work.
furuknap: Was thinking about it
as a thing to gain some experience running an asset. Not sure it's worth it, though.
mircea_popescu: to date i don't think any btc merchandising did well, in spite of the apparently great siotuation (
as there's no ip holder to pay out)
pizzaman1337: if anyone here
as at the bitcoin conf in San Jose, I'd love to meet and say hey today, just PM me
mircea_popescu: Chaang-Noi it is a good company. just
as soon
as it's willing to go legitimate it can list.
Chaang-Noi: investments are investments, but a btc stock is not the same
as apple stock and its not the same
as a lotto ticket...
WILLdude: Is there anywhere I can read up on BTC investements and study the market
as suggested?
blehg: mp: I'm not around much, normally logged in
as aknap3, but not at that terminal right now
mircea_popescu: you actually want to piss away money on something
as stupid
as "who is the next idiot who thinks he's
as important to bitcoin
as bitcoin is to his empty life" ?
truffles:
as much
as i dislike silver spoons, still have to take advantage of oportunities