log☇︎
825400+ entries in 0.552s
mircea_popescu: dexX7 the only successful scam resolution that i know of,
dexX7: are there any cases that people reported scams to the feds and what happend then? pirateat40 excluded
ThickAsThieves: and forum trust points are even more important
mircea_popescu: and trust.
gribble: MtGox BTCUSD ticker | Best bid: 985.0, Best ask: 986.9, Bid-ask spread: 1.90000, Last trade: 985.0, 24 hour volume: 42381.76664170, 24 hour low: 894.0, 24 hour high: 1073.0, 24 hour vwap: 974.96278
mircea_popescu: pankkake people never read restatements. because it's below them to do such humiliating thing.
mircea_popescu: which includes waiting fucking hours to close bets etc.
pankkake: the bet address page restates the bet
mircea_popescu: still, you know. contrary to what the forum would have itself think, bitbet is designed to prevent as much of this as possible
mike_c: yeah, but that just drives more traffic as far as i can tell.
mircea_popescu: on top of all the current.
mircea_popescu: for one. for the other, i'd have a "but i meant to bet on x3, misclicked bet on x5, bitbet is a scam now" stuff
mike_c: agree with the mindfuck aspect of the problem. reject/accept bet ratio could get way out of wack.
mircea_popescu: just... not much horse racing in btc. since the demise of the satoshi demon gal.
mircea_popescu: that too.
pankkake: a good idea would probably to find out actual interesting bets that would need it
pankkake: I don't know if I could fix myself to be less of a hater. I regularly fail
mircea_popescu: mike_c we are looking into perhaps making multi bets, it's not too hard to do, but tbh the mindfuck may be too much for the userbase. ☟︎
BingoBoingo: pankkake: Well the butthurt from the ActiveMining fans that their being delivered pays as no delivery at all should lead to some entertaining butthurt, and what is Bitcoin without Butt?
mike_c: well, as long as all possibilites are reasonable, it doesn't have to suck. horse races are parimutuel and have 8-12 outcomes
pankkake: well the order website states november delivery
mircea_popescu: (for that reason)
BingoBoingo: pankkake: Well you chose the same yes side I did. I'm not sure activeminer is even as much of a thing so I placed it as no with them both not delivering hoping it might get action at least as a BFL delivery bet.
pankkake: I feel like BFL will ship first, though the lols provided would be payment enough
BingoBoingo: pankkake: Well if you truly believe it is a cripple fight, the solution is bet No and wait for March 1st
pankkake: but then you can't really have a live estimate of which company sucks more
BingoBoingo: pankkake: Well, draws do suck. The solution is the bet has to fail as No, and bettors have to price accordingly for that.
pankkake: I see that as a "Cripple Fight"
pankkake: interesting that you had the same idea
BingoBoingo: pankkake: Not really. How thoroughly did you try to spec it?
pankkake: the desc is cut so I can't see what you did in case of none of them delivering
pankkake: BingoBoingo: did you see my previous submission of the same bet?
BingoBoingo: I believe I fixed the specs for my BFL versus Active Miner submission using https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html and http://virtualminingcorp.com/shop1/index.php?id_product=23&controller=product
mircea_popescu: it's practically a pt system tho.
mircea_popescu: so rthings like bp trade in europe and the us.
mircea_popescu: total noob question here, but are there any traditional assets that are traded simultaneously on, say, NYSE/LSE/TSE? << depositary receipts are used
ThickAsThieves: maybe wait til its 1000 again for more than 4 hours
gribble: MtGox BTCUSD ticker | Best bid: 993.0, Best ask: 995.0, Bid-ask spread: 2.00000, Last trade: 993.0, 24 hour volume: 41434.49020845, 24 hour low: 890.0, 24 hour high: 1073.0, 24 hour vwap: 973.35555
pankkake: bitbet never loses an occasion to scam
TomServo: "Bitcoin will stay above $1000 for the rest of 2013" The shortest bitbet ever?
gribble: mircea_popescu was last seen in #bitcoin-assets 1 hour, 2 minutes, and 52 seconds ago: <mircea_popescu> lmao all this hating.
ThickAsThieves: hmm, no AM divs yet today
pankkake: http://btcwarn.com/ is usually a great service but these days it's useless, I get many mails and all are usually already outdated once they arrive
pankkake: so we can know when to buy without ruining freedom
pankkake: we need a bitcoin spokeperson to stabilize the price
mike_c: prediction: tomorrow there will be 42 new articles about how volatile bitcoin is.
gribble: MtGox BTCUSD ticker | Best bid: 935.67, Best ask: 945.0, Bid-ask spread: 9.33000, Last trade: 935.67, 24 hour volume: 38662.60385149, 24 hour low: 883.00002, 24 hour high: 1073.0, 24 hour vwap: 972.80215
mike_c: topace, i am a fan, not a troll. you should remove that # from the site.. TaT seems to agree.
nubbins`: ah, lel. interesting time to be alive
nubbins`: or went to space with their friends
gribble: MtGox BTCUSD ticker | Best bid: 986.03, Best ask: 988.0, Bid-ask spread: 1.97000, Last trade: 983.0, 24 hour volume: 35414.56194001, 24 hour low: 882.15001, 24 hour high: 1073.0, 24 hour vwap: 974.31508
nubbins`: less than 4 hours ago
ThickAsThieves: its the value of available shares
ThickAsThieves: its simply not the market cap
mike_c: i don't see how you can tell a potential shareholder "the market cap is based on 1.675m shares, but the dividend based on 100m"
topace: the panama fund owns 80m units, but since the ipo didnt sell out, it actually holds ~83.3m units still.
mike_c: so to be clear: 15% of dividend to owners. 2% to shareholders. 83% to the company ledger.
ThickAsThieves: it goes to operational
ThickAsThieves: nubbins be trollin
mike_c: and where the hell does 80% of the dividend go if nobody owns those units?
nubbins`: if i buy a previously unpurchased share a year from now, am i entitled to past dividends?
mike_c: ok, you can't say the market cap is for 1.75m shares, but dividends are for 100m.
topace: dividend goes to all 100m shares
mike_c: it says dividends will be divided by 100mm, but that doesn't make sense if no one owns 80mm of the units
ThickAsThieves: and have it on charts page and order page with better tag
ThickAsThieves: i think just remove it from home page
ThickAsThieves: i agree the market cap stat could be better displayed
mike_c: ok, so dividends.. they will be divided by 1.75 mm? the other 15mm get nothing right now?
nubbins`: to the moon!
nubbins`: should change the charts to show # of shares issued rather than price
topace: price TBD
topace: we'll likely re-try the remainder of the second tranche in a few weeks
ThickAsThieves: sounds like they can
ThickAsThieves: i'm not clear on whether Havelock can issue the 5m or 20m remainder anytime
topace: there are 100m shares, 20m shares _will_ be on havelock eventually, 15m held privately on havelock, 5m floated. so far the 15m have not been allocated on havelock ☟︎
ThickAsThieves: only the ones sold in the IPO are publically traded
ThickAsThieves: it says in the quote there 100m shares man
ThickAsThieves: represents only those
mike_c: but that is authorized, not issued
mike_c: hm, i got my quote from their prospectus. where is yours from?
ThickAsThieves: This offer will represent Twenty Percent (20%) in virtual units of the HavlockInvestments.com which is comprised in total of 100,000,000 units of the Fund. These units will never be diluted.
pankkake: well I learned about it in http://ordrespontane.blogspot.com/2013/09/un-peu-de-magie.html and it seems to be the same (it talks about arbitrage basically. sorry for the French)
mike_c: 5,000,000 (25%) will be floated via the exchange
mike_c: 15,000,000 (75%) will be restricted units held privately by the owners of the Fund
mike_c: HavelockInvestments.com will offer a total of 20,000,000 units.
ThickAsThieves: the shares represent a portion of the company
ThickAsThieves: i was disagreeing with the 20m
nubbins`: sure, but is that the same HSBC or is it regional companies?
mike_c: tat, show me any definition of market cap that is different from this.
pankkake: I think there is even assets traded in multiple currencies, like HSBC
nubbins`: sure, i'm talking about AM now
nubbins`: and i'm not talking like coca cola canada being listed on toronto stock exchange, i mean the exact same company
mike_c: no. we can argue over how to calculate the "price", but market cap is price * # of shares.
nubbins`: that's at least a starting point for this question of market cap
nubbins`: total noob question here, but are there any traditional assets that are traded simultaneously on, say, NYSE/LSE/TSE?
nubbins`: it's happened to me a few times today
nubbins`: still trying to figure out what triggers "123!"
pankkake: how would that work for, say, AM100?
ThickAsThieves: and then you average any not on market?
ThickAsThieves: so you index all places it sells and sum the value?