807000+ entries in 0.491s
ThickAsThieves: After all
the reddit scare, I wonder if
the pool simply set up a way
to anonymize some of its hashing
mircea_popescu: Neil
that gaming
theory has
the barb
that it workls in reality, not in people's imagination.
there's a huge premium on pissing off
the right crowd of people.
Neil: Yeah
this is about $1.3m now. Insane.
mircea_popescu: i suppose
the #1 reason noobs are still being scammed blind is
the fact
that idiots run arround making false scammer claims all
teh
time
Neil: ThickAsThieves: It's still game
theory;
they'd lose if
they piss
too many players off. More incentive
to be nice I
think.
mircea_popescu: i find it fitting
that
the first comment on
the largest prop bet in
the history of bitcoin is "beware of
this scammy website"
Neil: Not
that long; I was watching it. Perhaps 12.
mircea_popescu: if
there's a 2 day fork say
the no people will make out like bandits.
mircea_popescu: so basically you can either risk 1 btc for 7 cents on one side, or risk 1 btc for 4 btc on
the other side
Neil: I
think
the only one profiting from
this bet is bitbet
ThickAsThieves: even now you can
throw 50 btc at it and get 3.5btc, but of course
that will
turn
to .35 btc by
the
time
the bet is over
mircea_popescu: and let me point out
to you
that originally nobody
thought
there's a chance in hell it reaches 2bn by feb.
mircea_popescu: Neil i
think our 50:1 bs is misstating
the point. a guy betting no only gets 4x his btc
Neil: These difficulty bets should have a slightly larger window of closing
to resolution
than 5 days IMO. It
tends
to be
too obvious
then. At least a full cycle (10-12 days) should be
the gap.
Neil: Satoshi was quite forward-thinking; clearly saw
the possibility of such high difficulties given
the FP-like format "bits" is encoded as
ThickAsThieves: the Yes bets keep piling up,
taking all my hard-earned bettings
Neil: Well, baggsied
that as a new proposition, and funded it :)
Neil: I wonder if we make 1 exahash/sec
this year.
Neil: It's amazing
the 25% replacement rate continues.
Neil: I
track it in a s/s of my own; do my own
thing :)
mircea_popescu: but hash rate is "how many
times per second did we fail
to solve a specified problem"
mircea_popescu: if real odds are 30 and
the site shows 50 you're more likely
to see people piling on
the heavy side i
think
mircea_popescu: in general people seem
to be more like fishing for "the sure
thing"
than acting strategically.
Neil: No-one seems willing
to bet no yet... so probably higher
to go
Neil: I reckon
these companies are creating and mining for
the house
Neil: I have
to agree it's looking very likely
Neil: mircea_popescu: More like 50-to-1 I
think.
mircea_popescu: b0n1 currently
the money is about 30:1
that difficulty will be over 2bn
this month.
mircea_popescu: ;;later
tell benkay well, in
the meta sense
that setting what and how much clothing chicks wear in your
town counts as natality allocation.
b0n1: maybe 25% is a bit
too much
to assume but anyway, its
totally risky
b0n1: with
this perspective,
the offer doesnt look
that attractive anymore
ozbot: Estimate of ASIC pre-orders: 13
to 15 PH/s (diff 1.8B
to 2.1B) by end of 2013
b0n1: how many hashes
to deliver?
pankkake: hashfast was supposed
to deliver months ago; many preorders
pankkake: cointerra is supposed
to delivery a big january batch
b0n1: pankkake dont
the new fast asic chips with 2
TH for roughly 6k USD only come about may?
b0n1: is
there any big asic shipments coming up or any other reasons
to cause unusually increases of
the difficulty
twizt: all
these fake gains in equities
ozbot: Time Warner Cable Loses Another 215,000
TV Viewers | DSLReports, ISP Information
twizt: man i dont understand how
timewarner cable stock is so high
BingoBoingo: Just remembet I
take a break as soon as hockey coems on
truffles: ive got white collar on
the side so im preped
BingoBoingo: truffles: Imma be offline soon for
the weekend.
BingoBoingo: Just a reminder. I have court
Thursday so if I go missing for a month Occam's razor suggests my location would e
the St Clair County Jail.
benkay: does
the setting of interest rates by
the US Fed count as 'capital allocation'?
KRS1: i plug
the
tcpip cable into
KRS1: you know
the
tcpip ethernetwork bitcoin network
thing
pankkake: oh, I ignored because .pdf. yeah, ok,
that clears it up
benkay: the question is what
the pointy headed ones in
the usg mean by
the bitcoin network, pankkake.
bob___: ask
the congressional research service (benkay's previous link)
bob___: benkay: I like
this line "Inflation could also occur if
the Bitcoin network develops fractional reserve banking"
ThickAsThieves: "the Fed’s ability
to conduct monetary policy rests on its ability
to increase or decrease
the reserves of
the banking system
through open market operations."
ThickAsThieves: "At Bitcoin’s current scale of use, it is likely
too small
to significantly affect
the Fed’s ability
to conduct monetary policy. However, if
the scale of use were
to grow substantially larger,
there could be reason for some concern."
ozbot: New Report Details Bitcoin's Potential
Threat
to
the Federal Reserve – Bitcoin Magazine
Duffer1: we clearly need more assholes in
this space
nubbins`: i wonder how long until
this guy discovers btc
ozbot: Out of
the mud, on
to
the beer expo - Local -
The
Telegram
pankkake: I couldn't care less about
thickness
ozbot: Playing for sheep stations - Wikipedia,
the free encyclopedia
Vexual: yeah he went
to live in a
tent with his whenches
Vexual: probly wasnt everything he had
tho
jurov: Mhm, in old hungary
there was someone who lost a castle in a bet...but no ide how much is
that worth in
todays money
mircea_popescu: the ~1500 bfl march bet is still a record in nominal
terms
ThickAsThieves: bitbet needs a bet
that it will have
the biggest bet ever
gribble: MtGox BTCUSD
ticker | Best bid: 913.631, Best ask: 923.358, Bid-ask spread: 9.72700, Last
trade: 913.631, 24 hour volume: 7176.93808471, 24 hour low: 873.5, 24 hour high: 943.0, 24 hour vwap: 917.15255
BingoBoingo: mircea_popescu: I'll have
to look around
to fund
that information.
mircea_popescu: BingoBoingo what's
the record for
the largest bet in vegas ?
Vexual: we don't even know if
that cypher is cracked yet...
gribble: Next difficulty estimate | 1724845769.51 based on data since last change | 2001616333.84 based on data for last
three days
Vexual: can we get
the other pages?
nubbins`: wouldn't mind one of
those silver rounds, altho
the
two descriptions can't even agree on
the purity
nubbins`: looks like some kind of "zany news" subsection
tho
nubbins`: well sure, but i didn't expect el reg
to be so vulgar
mircea_popescu: well if you pork her... it stands
to reason your porker goes in her pork holster.
nubbins`: that's up
there with "salmon canyon" and "ham wallet"