796800+ entries in 0.502s
mircea_popescu: it has more liquidity
than vegas and no coverage at all
mircea_popescu: the difference
to your risk of ruin between 1 and 4% is HUGE
mircea_popescu: herbijudlestoids what's
the house comission on line betting normally ? 2-5% ?
herbijudlestoids: ThickAsThieves: if you offered
them a betting model
that has a lower house commission, etc
they might be very interested
mircea_popescu: truffles nobody knows
the market. some people admit
to it.
mircea_popescu: ThickAsThieves
this is factual.
the question of interest however, is if such an audience even exists, and other such
things.
BingoBoingo: I mean
the people who claim
to bitcoin sportsbet seem
to overlap with
the BTC poker people
herbijudlestoids: moral of
the story: just like all other businesses, an appropriate level of investment is required
to have a successful outcome
herbijudlestoids: i guess ot make a good bot would require similar investment
to having good people
ThickAsThieves: <mircea_popescu> nobody cares anymore about sports, and
the bets continue sort-of by inertia, like investment in yahoo continues. <<< maybe it's like
the forum sports betting is just a buncha scammers and noobs alt-betting
BingoBoingo: herbijudlestoids:
They
those bots have openings
too.
BingoBoingo: Last year Ray Lewis was in
the Superbowl for stabbin bitches.
This year Richard Sherman is in for yelling.
mircea_popescu: the problem is
this : other
than
the intrinsic unfairness
to
the bettors of
the line model, it also requires VERY highly skilled people working for
the hgouse, and non stop.
Duffer1: i wouldn't know, just a
thought ^.^
BingoBoingo: mircea_popescu: As far as football
this year goes
though,
the NFL has had one on its most boring years in history.
mircea_popescu: Duffer1
there's at least half a dozen diff sites
that
tried - and failed -
to live on
that model.
Duffer1: bets not being created doesn't necessarily mean lack of interest in betting with bitcoin, if
there was a specific section dedicated
to live odds sports book it just might attract more people
BingoBoingo: mircea_popescu: Right, but I imagine most sports bettors never had
the money
to make a dent in
the 2B difficulty bet.
ThickAsThieves: [07:25] <mircea_popescu> you buncha commies. you redistributed it did you <<<
There is no escape from decentralization, chaos is nature after all!
mircea_popescu: BingoBoingo but
there are plenty of insane bets on bitbet
BingoBoingo: Prolly and nao where it interesects with bitcoin includes you kids who wish
they were in
the 70's so
they could sync iPods on
their PDP-11
mircea_popescu: if
that's
the case, a start-up hoping
to get
that market on a new model would be kinda doomed.
the paying customer is
too old
to move and
the young customer does not exist.
mircea_popescu: so perhaps a correct model could be, "sports betting consists of people who lived in
the 70s, had fun with bets in
the 70s, continuing
to do what
they did
then, where
they did it
then"
BingoBoingo: Basically Bitbet is
too responsible
to attract sports bettors.
BingoBoingo: Well, of course it is inertia. It also pulls
the sports bettors
to more dangerous venues
that offer lines on as many competitions as possible, as opposed
to safe ole bitbet
that only
tries
to offer profitable competitions
mircea_popescu: so in
that
theory,
they will exist in old venues (like days ago someone mentioned old style phone service
that's still continued .
to
the death of
the captive customer)
Duffer1: MP or
there's not enough sports book being made
to attract a betting crowd
mircea_popescu: nobody cares anymore about sports, and
the bets continue sort-of by inertia, like investment in yahoo continues.
mircea_popescu: however, it may also be
that SPORTS BETTING isn't central. or in other words :
the focus on advertising, scandal and bullshit, as wel las changing social mores and expectations have pretty much killed
that model.
BingoBoingo: mircea_popescu: Prolly bitbet isn lagging on sports because it is
too good at finance
mircea_popescu: the obvious explanation, and perhaps
the likely one, is
that bitbet just isn't particularly central in
the betting space.
kakobrekla: >Furthermore, notice
that a winning bet of .011 returns less
than
the bet itself (despite its weight), if you even happen
to get it.
mircea_popescu: BingoBoingo you know, i burned a lot of cycles on
the subject of why
the fuck sports bets are faring so poorly on bitbet.
BingoBoingo: I am sad
to announce
that I don't want
to bet on
this superbowl. When
the most interesting player is
the fucking underdog's cornerback... I'm out.
BingoBoingo: Not
that
they had
to cover
the birth control, but
that
there was a form.
BingoBoingo: Basically
there being a form at all seems
to actually make Baby Jesus cry was
their argument.
BingoBoingo: Well,
that
they have
to fill out a form
to not cover birth control for
their employees.
mircea_popescu: but WHY did
they protestg, what's being objected
to exactly ?
BingoBoingo: mircea_popescu: Basically some group had a religious objection
to a form (they were nuns) .
They pretested
the need
to complete
the form in court.
The court said well, you don't need
to do
that form, but you can fill out
this identical form we imagineered or produce your own identical form. (the form relating
to some Obamacar Birth Control
thing)
mircea_popescu: are
they saying "we don't have
to sign something we don't want
to sign because jesus" ? is it mopre like "we don't want
to say anything definite about abortion in writing because we can't grok
the consequences" ?
mircea_popescu: i mean... i don't get it, i consider myself educated and so forth but i can't come
to a conclusion
mircea_popescu: BingoBoingo
that entire dispute is pretty much a
testament
to how fundamentally unworkable
the system has become
mircea_popescu: from cnn right after
the O speech last night: I
think I’ve said before
that I
think a speech by Barack Obama is a lot like sex.
The worst
there ever was is still excellent, and I
thought he gave a very competent performance
tonight”
Duffer1: it's a good interview if you need
to brush up on some good sounding
talking points
Duffer1: andreas antonopolous
talked about
that a bit recently in an interview with joe rogan
mircea_popescu: that's
the fifth or so peso
they ruined,
those people.
punkman: you could
take a vinyl body suit and cut some holes, wouldn't be very comfortable
to
tan in
nubbins`: you'd need
to keep
tanning
the same spots
too, so you'd end up with your skin prematurely aged in certain areas
mircea_popescu: if
they're say 2x2
to 3x5 or so
they look... you know, like a leopard
mircea_popescu: you could have
the light concentrate in particular places, make
the girls look like leopards naturally.
mircea_popescu: and speaking of ideas, i can't believe nobody invented
the spots solarium yet.
nubbins`: sebastian marshall had a lel writing
that, and we had a lel reading it
nubbins`: being friendly: having a lel. being polite: inviting others
to have a lel.
nubbins`: ^
this shows a fundamental misunderstanding of human nature
punkman: I like
this: "being friendly: looking out for your interests. being polite: obeying social decorum."
mircea_popescu: i happen
to like
them. but wtf is with all
these weasels!
mircea_popescu: the obnoxious part is
that i wear suits. always have. i was a highscooler with a
three piece suit.
nubbins`: i was ruminating on
this
the other day
nubbins`: "where did
this $9t go?" "we currently don't have
that information until we finish our review" etc
mircea_popescu: this situation exactly mirrors
the situation in speech, where people imagine "being nice" or "polite" consists of never using word X, such as nigger or fucktard, rather
than, you know, actually being nice/polite/whatever
mircea_popescu: by completely abandoning a critical review of
those conditions, and instead going with formalisms, like
mircea_popescu: the amusing part, of course, being
that cheating ACTUALLY IS being clever, but only IN SOME CONDITIONS.
nubbins`: fun fact, i once refused
to make a code change on moral grounds
nubbins`: "can we disable
the user's back button?"
mircea_popescu: the same people who indignantly protest
to
the judge
that random guy "hacked into
their computers" just spent
the entire day
trying
to hack
their customers.
mircea_popescu: hacking is a much larger part of corporate culture
than corporations willingly admit, even
to
themselves.
mircea_popescu: like, you imagine
that
talking
to someone is more likely
to resolve anything ? fine,
they'll
train dogs
to
talk
to you.
mircea_popescu: the
test cheating mentality :
they aren't
trying
to deliver,
they just
try
to hack into your measures and make it seem like
they do.
punkman: even if all
they do is write an internal support
ticket on your behalf
punkman: and
they call it "live" support.
mircea_popescu: well yes, customer service : hire a bunch of veggies
to go "yes sir, sure sir, can do sir"
to anyone walking in