log☇︎
79400+ entries in 1.16s
mircea_popescu: "If there were more robust security, in the bit coin infrastructure. I'd consider it, but as its setup now, not very likely. "
Diablo-D3: Tide _is_ useful as a detergent
mircea_popescu: "What makes it possible to buy drugs with Tide is not because Tide is useful as a detergent. It’s because drug dealers and users have agreed that it is currency."
mircea_popescu: update their systems as soon as possible to versions 3.2.11, 3.1.10, 3.0.19, or 2.3.15
gribble: smickles was last seen in #bitcoin-assets 2 hours, 8 minutes, and 33 seconds ago: <smickles> as if you could pull that off tho
Anduck: they could even resell them with permission as a part of their own product
smickles: as if you could pull that off tho
Anduck: (btw, nobody was enough as to notice my PF-references??)
topace: but its there as an option
topace: obviously, its to discourage people from constantly moving shares, as that would be annoying as hell :)
topace: kakobrekla: can you add the "= x BTC" calculation to the havelock one? same as for MPEX? or do you need me to post that through?
dub: EskimoBob: substanciate that comment or entrench your reputation as a moron
gigavps: i love that EskimoBob follows up "sucking up as hard as you can" with a smiley face
mircea_popescu: its reported in the mpex statement as revenue from new accounts.
mircea_popescu: jurov iirc he logs as namjies neh ?
mircea_popescu: as in, 50% over what's common.
mod6: Every now and then I would have to travel to winnepeg to play the teams up there. Those guys were huge and almost as mean as me.
mod6: Check this out: During the American Revolution, wintergreen leaves were used as a substitute for tea, which was scarce.
mircea_popescu: sorta like someone selling haagen dasz icecream made in nj as "classy" yurpean stuff.
mircea_popescu: the moment bitcoin is not transaction agnostic it might as well be dead.
mircea_popescu: im sure canada is just as classless as the rest of the world, that's what we have the internet for
midnightmagic: Here, each vote *used* to deliver some small amount of federal funding to the party voted for as a way of fostering independent third parties.
Bugpowder: China doing pretty well compared to 70s as well
Bugpowder: as collatoral
Namworld: People seem to bet just as much BTC when it's 1$ per BTC or if it's 20$ per BTC
mircea_popescu: Namworld not a bad idea. it's a pay as much as you want 30 days rotator deal.
mircea_popescu: on the other hand, losing all your money is not the same as losing a third.
mircea_popescu: the rationale being that 100k put into btc now will make you "just as rich" as 300k put into btc now.
mircea_popescu: "The likelihood of this happening is about as likely as the checkers scenario. But the argument in its favor is that minting a trillion-dollar coin is a commensurately ridiculous response to Congress refusing to pay debts it has already accumulated. "
Bugpowder: as I said.... the people who say the most bullshit things get the most press, for a while
mircea_popescu: http://www.foxnews.com/politics/2013/01/07/funny-money-pundits-float-1-trillion-coin-as-answer-to-debt-ceiling-standoff/%20?test=latestnews
kakobrekla: that works as well
Bugpowder: as long as its short?
kakobrekla: umm yeah bugpowder i checked b4 as i said
mircea_popescu: as time progresses...
Ukto: i can faintly see some light circular scratches. but being black bottom, its shiney as hell, if you run your nail back and forth over it, it does make a slight noise :/
jcpham: as you can imagine
mircea_popescu: as in, it's a pretty dumb macro attempt to handle discrete events
jurov: not surprising as it's code form google
topace: yea :p with teh success of the SDICE passthru i was considering doing a MPOE passthru as well :p not sure if it'd be as susccessful though
mircea_popescu: i guess if we count pt's as institutional investors that takes us to about .7% total
topace: started as our mining fund
gigavps: i've done everything i've said i'd do, and as i've said, i'm waiting on Quentin
mircea_popescu: i don't care other than in the vague macro sense that it'd be best if this actually works as opposed to not working.
mircea_popescu: "As for Quentin, he has other clients and has, from what I was briefly told, been busy filling in for other attorneys in the office while they were away. I'm hoping to speak with him today to get an updated timeline for the verified claims lists and terms of service for the VPS site."
mircea_popescu: http://business.time.com/2012/12/20/libor-scandal-yep-its-as-bad-as-we-thought/
mircea_popescu: is that marked down as loss ?
Namworld: The rest was loaned to Amazingrando as per motion in exchange of hashing, until such day we could buy some ASIC rig.
Namworld: I can't freakin view it, no credit as ever...
Ukto: its shiney as hell
Bugpowder: As an alternative model, you pull the football game spread off some vegas site, take any bets that come on either side, and adjust the vig to encourage betting on the side that isn't getting hit as hard. Then the bet size is decoupled from the odds.
mircea_popescu: you can make decent money as a bookie on the system as it is, if you actually know odds.
thestringpuller: Bugpowder: that's cool as shit. marsupials (sp) ftw
Bugpowder: How can ANYONE's time be worth so little as to be skimming percentages off of sub 1 BTC loans and making a spreadsheet of them. Google
JWU42: I have a few thousand BIB.BVPS as well
mircea_popescu: that's almost as much as i was short
JWU42: as of Friday was around 48 BTC
JWU42: it might take longer to begin payouts if it is listed on a new exhcnage as then holders would need to create accounts, etc.
thestringpuller: "2011 will no doubt be remembered as the year that Bitcoinica took Bitcoin by storm. With leveraged trading, playing the Bitcoin markets went from tee-ball to the big leagues, seemingly overnight. 2012, however, will take things to a whole new level. Mt.Gox and Tradehill have both hinted at the fact that they will be unveiling futures and options markets as part of their development plan, with Mt.Gox possibly br
mircea_popescu: pigeons so does it work as it's supposed and this stuff i keep reading is basically noobish nonsense ?
mircea_popescu: as i understand it it's about two years late.
dub: the gun printing guy was listed as a speaker iirc
mircea_popescu: and after 100`000x as many ownages, exploits and general mayhem
mircea_popescu: the idea that esperanto helps local languages is pretty good. nothing like something that really sucks as a standard to keep internationalisation at bay.
Bugpowder: "Taaki is a speaker of Esperanto, which he promotes as an auxiliary country-neutral international language to preserve local languages. "
mircea_popescu: te of the market, as you can with priced markets. 2. You should never bet until the last second so you can know the odds for the bet. In fact, it would make sense to create a sniping bot that would programmatically calculate the odds, compare them to your probability estimate, and only make the bet if it is favorable. There is another site called Bets of Bitcoin (http://betsofbitco.in/) that has similarly dumb rules.
mircea_popescu: This betting site has a really stupid betting system. It appears that the amount of money you receive isn't based on a pricing of the bet, as is done on all real prediction markets, but based on a simple payout of all the bets received on the other side of the bet by the end of the bet date. This system has two practical consequences: 1. You can't determine the markets current probability estimates from the current sta
thestringpuller: how come no one gets mad at Bugpowder for using the channel as a realtime ticker :P
gribble: Nick 'kakobrekla', with hostmask 'kakobrekla!~T42@89-212-41-49.static.t-2.net', is identified as user kakobrekla, with GPG key id 27AF75321F2489E8, key fingerprint 27C3CE9A20851312F086268C27AF75321F2489E8, and bitcoin address None
JWU42: as in him not being here (as he used to be)
Diablo-D3: yes, and soon to be on a new exchange as well
mircea_popescu: Diablo-D3 nah, it lost money because you were stubborn and acted as if you can push the market.
Diablo-D3: meh, usagi wishes he worked as hard as I do
Namjies: The house should win 1.9% of bets. So you can actually bet about ~52 times as much as you have cash.
smickles: heh, well designed site, this ^ as evidence
jurov: mod6 meant vps users, not bitvps as a whole
Namjies: As you can see, it matches the USD on server bills.
Namjies: But rg was apparently not giving 50% on previous divs but as much as he could. And we seem to have lost a few clients over rg's neglect of the business in the past months.
Anduck: S.MPOE shares 30 day average price as reported by assbot under 0.0003 at any point before April 1st.
mircea_popescu: i mean, just as a persay forinstance : is milk smooth ?
mircea_popescu: unsmooth as admittedly it is.
mircea_popescu: as in, no trades, smooth line ?
pigeons: people who use "satoshi nakamot" as their online nickname (and aren't satoshi) are retarded
mircea_popescu: as in, a proposition
jurov: it is treated as donation
jurov: and as to that deposit, if it wasn't already said, mpex policy is apparently that if you round or typo even few satoshi for deposit
jurov: as it effected only partially executed orders, it went unnoticed till yesterday
pigeons: as chief scientist of the pigeon group i can help with that
smickles: jurov: As I am the chief scientist of the soebot foundation, you should send that extra 1.5 btc to me.
kakobreklaa: so im fairly sure as long you have JS running
mircea_popescu: no matter what price i ask, as long as it's under what we have there
mircea_popescu: eventually as bids and asks exhaust each other a gap will form.
Bugpowder: mircea_popescu WRT S.BBET Can you be more specific as to how the IPO share allocation will work with respect to buy orders placed before Jan 11? Is it based on time of order placement priority, proportional distribution to all valid orders, lotto system?
mircea_popescu: as for now, i bid you all a very good 7am night.
mircea_popescu: DEPOSIT|{sum}, where the sum is an integer, written in BTC (note that you can not deposit less than 10 BTC). You will be quoted an exact sum, which you must send to the exchange address (1Fx3N5iFPDQxUKhhmDJqCMmi3U8Y7gSncx). Don't round anything, the decimals are there to identify you as the beneficiary. You will be credited the full amount.
mircea_popescu: but if you don't have the depisit signature (such as, coinbr did it, not you) you'll have to bug jurov about it
mircea_popescu: for as little as .1 btc or w/e
mircea_popescu: as wtf would mpex 404 for.
Namjies: I forgot to mark the certificate as my own.
mircea_popescu: when it was discovered that for unclear and unexplainable reasons mypex DEPOSIT|{100} works as such