log☇︎
814300+ entries in 0.528s
mircea_popescu: and the smaller things are well... small.
fiat500: "on average the MPEx investor buying discontinued assets exclusively made a net loss of about two percent over the course of a little more than a year and a half"
pizzaman1337: even if I think my key has been compromised?
fiat500: has the average investor done well on mpex?
jurov: pizzaman1337: only if you can find a provable way to forget your gpg key
pankkake: I already thought registrations were discretionary
mircea_popescu: the financial half. you also gotta be able to talk to the exchange.
fiat500: the 30btc is your version of accreditation then
mircea_popescu: you're not buying something from me, you're proving something to me.
fiat500: the accepted theory on deflation is it causes prices to drop, looks like you're having none of that (or dont care about USD exchange rate)
mircea_popescu: and if 40k is too high, then people should pay less per btc
fiat500: thats a nice way to look at it
fiat500: mircea_popescu: curious, say btcusd is at $40k, just to pluck a number out of thin air
pankkake: I believe they don't have the best interests of shareholders anymore
Duffer1: even if they aren't a scam just look at the track record of their offerings
sundun_: bc of all the failed securities
sundun_: mircea thinks havelock is a scam
sundun_: so back to havelock
pankkake: if you can get 10% if it works, but it has a 50% chance to work, it's way too risky
pankkake: the "can't afford to lose" is certainly tired, and highly incomplete. you have to judge what is the risk and the potential reward
twizt: just gotta make sure u if you should take certain ones or not
sundun_: don't invest anything you're unable to lose
sundun_: i didn't think it would be a big deal to invest in neo&bee
fiat500: (also lets not consider cases where they are forced to because they've reached a threshold of stakeholders)
Duffer1: pankkake there is hope still, he did find his way here
pankkake: mircea_popescu: I've been accused to do that. same as mining
sundun_: financial support that they need to run business
fiat500: sundun_: why do companies list themselves on the stock market in general?
mircea_popescu: they are, they just try to conspire to keep you away from the really good stuff see ?
sundun_: you're saying that i shouldn't invest cuz i'm not completely knowledgable
fiat500: dont just invest in btc "business" for the sake of doing it
Duffer1: even if you do know what it's about, it's very unlikely to outperform btc itself as an investment
pankkake: if you don't really know or understand what the thing is about, if ANYTHING is unclear, don't invest
Duffer1: there are always going to be projects worth supporting
mircea_popescu: <Duffer1> btc is almost certainly a better investment then X << ESPECIALLY if you don't really read/know what X does.
Duffer1: i'm not saying that
sundun_: so everyone here does not want to invest in bitcoin securities?
Duffer1: btc is almost certainly a better investment then X
sundun_: and the guys that you ivnested in
sundun_: and that's why you don't advise it?
mircea_popescu: "i got no time and i gotta invest". H. Ellison's sequel.
Duffer1: assbot has tourettes (amazing)
mircea_popescu: bwahaha kakobrekla you hear that ? teh ai is borkt!
mircea_popescu: yeah, read the logs.
Duffer1: sundun_ i wrote this just for you https://bitcointalk.org/index.php?topic=353439
jurov: read more then ;)
sundun_: sorry i'm super nooby i want to learn more >_<
fiat500: this is not the right way to look at it
mircea_popescu: ll be very sorry after you lose your btc, better hold on to it.
fiat500: 4:04 PM <sundun_> but i want to invest in btc buesinesss
sundun_: sigh i just sent half a bitcoin to havelock
sundun_: it's a scam for them too?
sundun_: but i want to invest in btc buesinesss
Duffer1: dundun_ if you're unsure of the offering or the exchange then just hold onto your btc for dear life, do not let go
sundun_: azoo sure. they reorganised as a entity run by "no one", recently. after which they allowed their largest company (virtex) to simply walk away from the investors 12:57:29mircea_popescu:collected >4k btc this year, paid no dividends, is now gone.
jurov: sundun_: if you're srs with the inestment, prefer full infor over tldr
mircea_popescu: sundun_ it autohighlights where you need to start.
sundun_: what does that mean
fiat500: is the situation in cyprus really this dire?
sundun_: can i get a tldr version
jurov: virtex, havelocks biggest asset, went into trouble
sundun_: you want me to read that long chat?
mircea_popescu: at this point you'd have to be off your rocker to do anything involving havelock.
sundun_: haha you're saying it's good that ive already decided to invest
jurov: so you aren't thinking about that anymore
sundun_: or via the lmbholdings site
sundun_: anyway i was thinking of investing in neo&bee
sundun_: i'm not sure what that means XD
jurov: i was going to ask anyway
mircea_popescu: sundun_ this chat is the heart and especially brains of btc finance. what do you need ?
mircea_popescu: jurov i don't imagine they'd look too kindly on you fronting for ppl on your own acct anyway
sundun_: but i dunno how active this chat is
jurov: mhm, good then
sundun_: o i guess that's a yes >_<
mircea_popescu: and oversign that and ship it to davout
mircea_popescu: ie, ask YOUR customer to gpg sign THEIR bc acct.
jurov: heh looks *I* will have to do with briefcases of cash, if someone exercises them via coinbr
pizzaman1337: MP comes with a briefcase full of cash to my door?
mircea_popescu: it will start trading tomorrow.
mircea_popescu: bitcoin-central & mpex are proud to announce X.EUR, http://mpex.co/?mpsic=X.EUR
gribble: Next difficulty estimate | 1099731120.92 based on data since last change | 1191737820.33 based on data for last three days
mircea_popescu: "hello i am your new waiter after eating here for three weeks i am now qualified to make food. the brainwashing is real good, please try it."
mircea_popescu: "I want to introduce myself. My name is Michael from Cloudhashing.com, and I have taken over the public relations work there after being one of their customers since August. I will be the only one writing from this account now. "
pankkake: projects of alternative roots never went far, too. there was .42 which gave pretty much nothing
pankkake: I thought their browser already existed, and that it was a tor bundle fork
mircea_popescu: asciilifeform it's not 10gb tho
mircea_popescu: also just made them an offer to sponsor them, curious if they manage to find their way out of the paper bag.
pankkake: ugh I guess I should give the non-.bit URL: http://explorer.dot-bit.org/n/42707
asciilifeform: mircea_popescu: dns server already chugs 10+GB of turd: unix.
mircea_popescu: im curious what the pirate bay browser will be like.
pankkake: http://explorer.bit/n/42707 pretty cool right? if only there was an application exploiting it!
pankkake: it works in the sense that you can register a name, update it, etc.
pankkake: it works, but the tools suck or do not exist
mircea_popescu: well inasmuch as they don't really work for that which they are for, arguably it doesn't matter.
pankkake: people buy namecoins but have no idea what they are for :|
pankkake: namecoin features could be added to bitcoin, but the idea was that miners would be against it… well the result is now no one cares
mircea_popescu: asciilifeform this is the first time a dns server has to handle 10gb of cruft to resolve a query.
asciilifeform: (or gigantic tx. doesn't matter, since the coin is going in a closed loop.)
asciilifeform: store a few bytes as small tx.
KRS|Gotyawallet: asciilifeform thats cool man