871400+ entries in 0.618s
dexX7: anyway, it's a good
thing you care
ThickAsThieves: This means
that if you buy an XBOND at great
than 0.00105, you run
the risk of loss if it is ever called back before you receive 5% in coupon payments.
ThickAsThieves: We can issue more bonds at will; and callback can happen at any
time.
ThickAsThieves: Please be careful speculating on
the price of XBOND.
The callback cost is 105% (0.00105 bitcoins each).
mircea_popescu: thestringpuller i can't say it shouldn't, obviously. which is
the similarity with
ThickAsThieves' situation.
mircea_popescu: teh people. will not read,
then behave as if
that changes reality.
thestringpuller: mircea_popescu: s.mg has a lot of cash on hand despite lack of operating revenue; expenses are ridiculously low per month atm
too so why shouldn't it
trade high?
pankkake: well it would be a 2% loss, if
the callback was
today
pankkake: +7%, it's not
too crazy. however I put up some sell orders at +19% face value just in case someone goes mad :p
mircea_popescu: ThickAsThieves good luck with
that. s.mg
trades at 2.5x book for some reason
dexX7: "2. Speculation - it is entirely possible for
this bond
to
trade above its face value, because it also provides intangible value with its access
to Pre-IPO purchases."
pankkake: unless
they really want in for
the pre-ipos?
ThickAsThieves: so i guess i need
to warn people not
to overpay for xbond...
dexX7: more
than 80k in less
than a year is remarkable
Rawted: there must be a huge market outside of
the US for SD
dexX7: i looked up
the returns
dexX7: talking about bitcoin investments.. i'm still wondering what
the main motivation was
to buy satoshidice
mircea_popescu: jurov will be
tomorrow
the earliest,
there's some
trouble with
the blockchain
ozbot: Munger/Buffett Disagree on Corporate
Tax Rates | Fox Business Video
mircea_popescu: mining will be pushed ot
the extreme. in spite of
thios not making more blocks a day or more bitcoins a block,
mircea_popescu: but
to get back : great if
they did manage it, and if
they didn't it's still unavoidable.
mircea_popescu: "Bitcoin Examiner has been gathering rumors around
the web and was informed by an anonymous source about
this highly secretive meeting, which is set
to occur
this Monday or
Tuesday" ehehe
mircea_popescu: depends how you want
to look at it. on one hand 200 is more
than 4 or w/e. on
the other, something
that happened is more
than something
that's announced.
dexX7: mircea_popescu: $200m and 38k are still different liga and 6 billionaires vs. "an bitcointalk user",
too
mircea_popescu: every week
there's something announced/promised/etc.
that part
dexX7: yesterday a paypal insider announced
they want
to jump on bitcoin
mircea_popescu: (well, minus bfl, which was starting
to figure it out
towards
the end)
Rawted: I.
This is
the largest investment in a BTC company
to date. In spite of all
the
talk happening on internet forums, at pointless conferences and anywhere else, Bitcoin finance begins and ends on MPEx.
This is because Bitcoin is not about
talking and not based on proof of
talk.
Rawted: Two major points need in my view underlining with
this occasion.
mircea_popescu: that's why all
the forum scams are so lulzy, in
the end. going exactly
the wrong way
mircea_popescu: we have a grand
tradition of winning
through not giving a shit about "people" in btc.
dexX7: k.. "start mining
today, make lots of B" isn't really attractive for usual people i guess
dexX7: well,
they do want
to sell
to consumers or not?
FabianB: dexX7:
tv spots are only good if you want
to sell
to consumers
dexX7: and
that means
to promote bitcoin
dexX7: when
they do an $200m investment, i'm sure
they want
to promote it
mircea_popescu: tv spots woulsd be
the single most stupid use of investment.
ozbot: S.MPOE
takes strategic investor pe
Trilema - Un blog de Mircea Popescu.
FabianB: dexX7: no, why should mining let
the price increase at all
dexX7: well.. maybe i'm getting
to excited
dexX7: if
this is real, bitcoin will skyrock
FabianB: if
that news is real i
think
they're speculating on an increase of btc price itself
too
dexX7: that's
the source of income, mining will be a minor part of it
KRS1: If I were
their CEO I would not sleep
that well at night imo
KRS1: So what if avalon is getting $200MM investment, although
the 20 nm
technology is quite attractive,
they will have
to pay
that same $200MM off with increasing difficulty.
dexX7: and
they were
the ones who received
that mega avalon chip order
dexX7: gridchip is working on an chip,
too
dexX7: "Tavistock is
the center of many conspiracies, in fact, in conspiracy circles
there is a consensus
that it is a CIA front." from reddit
pankkake: isn't cost of manufacturing more important
than efficiency for asics? at least right now?
smidge: hm sounds like all of
this is up in
the air still. doesnt make me want
to get rid of AM shares
tbh.
pankkake: what's most interesting
to me is "the fund
that is composed of six people, four of
them billionaires. Again,
their names cannot be revealed, we only can say
that five of
them are British and one of
them is from Dubai"
pankkake: "i might win
the lotto" => for bitcoin it would be more appropriate
to say "I might solo mine a block"
dexX7: i guess an $200m investment into
the bitcoin ecosystem is overall very bullish
dexX7: pankkake: very crazy news..
thanks
dexX7: sure, but
that's pure speculation
saulimus: dexX7, at some point someone would see a better opportunity somewhere else and get impatient. he would have
to sell at less
than IPO
dexX7: well, but you don't know if it would go below
the ipo price
ozbot: Avalon might be getting a $200 million investment and 20nm
technology
to become
the leader of
the mi
saulimus: that means I could start an ipo for 100k BTC, people could only buy at
the IPO price maximum and would have
to sell at less
than
that = free money
pigeons: suprise! welcome
to reality
saulimus: that can't be right. doesn't
that mean
that
there will always have
to be investors holding btcgarden?
saulimus: can someone explain
this: people buy 20k BTC at IPO. afterwards all
the bids disappear, no one wants
to buy. how do
the
traders get out of
their
total 20k BTC position?
dexX7: just lurked a little, but
they laughed about
the reverse image search on
the deployment plan :)
dexX7: haha no, he's
the admin of a larger bitcoin forum
dexX7: anyway, aiwell is something like
the chinese
theymos
mircea_popescu: saulimus less
than ipo is still more
than nothing, aka fundamental value.
thestringpuller: was even more of a bargain at 3.7 yesterday and
the day before
smidge: i knew
that am was a bargain at 4 :D
smidge: yes, so even if, its not responsible for
the "bubble"
dexX7: hm but
there was no change in
the last hours anyway
smidge: erm no, i have counted
that in. sorry, im doing
too many
things at once...
dexX7: ah well, i guess
that's it
then :)
dexX7: smidge: did you forget
that cm is nominated in ltc and not btc?
pankkake: by
the way AM100 is still cheap on havelock!