823700+ entries in 0.484s
dexX7: <mircea_popescu> diablo 3 cost ~65 million if memory serves. ... < i don't get
the reference, 8.5k btc are only 1/8 of
that?
mircea_popescu: buybacks have
the disadvantage
they mess with
the price.
mircea_popescu: well, dividends have
the inherent unfairness of post-ex date. (ie,
they only reward people hiolding
the shares NOW, as opposed
to "having hold
the shares")
mircea_popescu: in case b, it just safes
the 50 btc. now any shareholder wanting btc can sell his share for 0.5, which is exactly
the sdame result.
mircea_popescu: let's look into
this. consider a company has 50 btc in
the bank and 100 shares. in case a, it distrivbutes 50 btc. now shareholders have 0.5 btc per share.
pankkake: I was just wondering about what
the best
thing
to do was between dividends or buybacks, like avoiding stupid increases in share prices
mircea_popescu: tho in general
the
thing is with share buybacks
that
they
tend
to increase
the price. seeing how btc is btc, you generally don'y want
to increase share price, lest you make
them unaffordable per item
pankkake: well
the cash could be used for other
things instead of doing nothing
mircea_popescu: in practice it makes no difference anwyay, whether you actually pay it out or just keep it in
the bank, because in
the latter case
the share just
trades as a proxy of your cash (see apple)
mircea_popescu: this is what you always do witjh capital you can't effectualy deploy, you distribute it
to shareholders
bitesak: you rock MP,
the services you provide and your articles are simply and elegantly
the bitcoin standard
pankkake: what would happen if you end up with much more capital
than you actually need? (in general, not S.MG)
mircea_popescu: diablo 3 cost ~65 million if memory serves. it's
true
that it sucked, but
then again we're no blizzard.
mircea_popescu: in other news :
the ~8.5k btc minigame collected is still largely untouched, we can now afford
to make
the best game ever made.
ozbot: S.MG, November 2013 Statement pe
Trilema - Un blog de Mircea Popescu.
bitesak: nothing comparable
to mpex..
bitesak: I ran
through
the history of
http://btcoracle.com to determine
the net cumulative effect and see how
they are doing. Running since April 2013
they seem down 18.63 BTC overall with a
total revenue of 1028
gribble: MtGox BTCUSD
ticker | Best bid: 1114.01002, Best ask: 1115.98988, Bid-ask spread: 1.97986, Last
trade: 1115.98988, 24 hour volume: 31755.77875866, 24 hour low: 1063.0, 24 hour high: 1230.0, 24 hour vwap: 1155.68563
gribble: MtGox lag is 0.861659 seconds. During
this
time, light
travels 0.00172675498839 AU. You could have sent a bitcoin across
the outer diameter of Saturn's rings (0.0024 AU).
KRS|gotyawallet: wtf is nobody on? are you all in
the US? am I
the only one who stays up 22 hrs a day?
gribble: topace was last seen in #bitcoin-assets 3 days, 15 hours, 20 minutes, and 7 seconds ago: <topace>
the panama fund owns 80m units, but since
the ipo didnt sell out, it actually holds ~83.3m units still.
javanomad: javanomad - formerly "firstblockchain" - with apologies again - sends
thanks.
KRS1: anything come
to mind?
KRS1: trying
to spot some
target sell prices
KRS1: Yes,
this should be a good week!
mircea_popescu: ironically,
the russian dog leika could have done a great ipo
KRS1: i heard my neighbor's dog is ready
to launch a btc ipo..everyone's got one now. =/
pankkake: oh it's because Python rounds
the division
mircea_popescu: The public’s approval rating for Congress has finally hit rock bottom: For
the first
time, America has a higher opinion of car salespeople.
ozbot: Presidential
term limits: necessary and right, or bad for democracy? - Yahoo News
assbot: [MPEX] [S.BBET] [PAID] 6.94089846 BTC
to 3`000`000 shares, 231 satoshi per share
pankkake: I don't understand "which will be carried over as a charge on
the next month’s statement"
pankkake: I'm surprised,
there were a lot of resolved bets, only 5 BTC? I guess you really have
to steal
mircea_popescu: pankkake all bitcoin jesus references are a meme-ish joke @
that nonsense.
pankkake: the bitcoin jesus
title claimed by another
ozbot: BitBet, November 2013 Statement pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: One of
the world’s leading authorities on genetics says
the human race was born into existence after a chimpanzee mated with a pig.
mircea_popescu: and 2.
the commies did a lot of machinery exporting, so all over
the middle east it's like, o, you're romanian,
that means you're like
the best engineer in
town
mircea_popescu: romania also has
the advantages
that 1, soccer is popular and romania was really good at it historically, so ppl in latin america are all HAGi !! LACATUS!!!
kakobrekla: same here, cause we are
too stupid and small
mircea_popescu: i did a lot of
travelling and adding it all up my romanian passport was pretty much
the best passport
to have.
ThickAsThieves: i dunno, why is it a feel embarassed
to say i'm american when
travelling?
mircea_popescu: "the notion
that
the us constitutes a nation" i meant.
Duffer1: i guess i'm exceptionalist about our exceptionalist
tendencies? wait does
that prove i'm right?
mircea_popescu: ThickAsThieves well i
think
the notion
that
the us constitutes a notion is heartwarmingly ludicrous, but otherewise no, not really different from anyone else.
kakobrekla: i only have absolute measument which is not interesting for
this debate
Duffer1: our political rhetoric is so nausiating, when we elect a new president we say "x has been elected
the new leader of
the free world"
mircea_popescu: ThickAsThieves how is
this different from like... anyone else ?
ThickAsThieves: but you really dont
think US is more full of itself
than else?
mircea_popescu: kakobrekla your slovenly compatriots don't
think
they're like all unique and so on ?
ThickAsThieves: then americans go
to job at gas station happy knowing
they could be president if
they wanted
Duffer1: i'm not saying jingoism is unique
to america..
mircea_popescu: i
tell you,
there's exactly no difference. argentines and vietnamese
think
the same.
Duffer1: you'd have
to live here
to understand just how pervasive
the 'mjurica #1 woooot"
mircea_popescu: the "russian soul",
the "romanian feeling of existernce" etc.
mircea_popescu: what's " American exceptionalism" supposed
to mean anwyay ?
ThickAsThieves: like commenting on
the psychology of American Exceptionalism
ThickAsThieves: Bill Gates: It’s OK for China
to invent cancer drugs
that cure patients in
the United States. We want
them
to catch up. But as
the leader, we want
to keep setting a very, very high standard. We don’t want
them
to catch up because we’re slowing down or, even worse, going into reverse.
ThickAsThieves: Bill Clinton: America needs
to stop majoring in
the minors.
That is, we need
to look more at what other countries are now doing better
than we are and learn from it instead of being in denial about it.
ThickAsThieves: "Is
the era of American exceptionalism coming
to an end?"
frb: i regret posting in
this
thread now
jurov`: heh
tat. idiffs ended, so ruining someone else on difficulty futures
this
time
kakobrekla: the biggest late so far was 20 btc on >Litecoin Surges
to .02 Bitcoins per Litecoin
mircea_popescu: iric
the month with > 26 btc, 25 of it came out of one bet
ThickAsThieves: is snackman
the first guy
to lose his whole bet
to
the policy?