log☇︎
871900+ entries in 0.563s
mircea_popescu: it's simple. whenever someone makes a bet, the house splits a dime among yes/no ands puts the lower ammt on the name of the person that proposed the bet.
Neil_: So what is the meaning of house bets exactly? I intially (many moons ago) read it as "that looks like a good punt". But later I realised it means what you gain out of the initial bet distribution on creation. Or something like that, but it's not very clear.
mircea_popescu: if you expect to lose 0% they're always -ev
mircea_popescu: they're not +ev except in the perspective where you expect to lose 50%.
Neil_: House bets could be -ve then but seems to have been forever +ve. What does that say?
Neil_: Also not clear, to me at least, where the 0.0x you "donate" to bet proposers goes. Does that get consumed under "house bets".
mircea_popescu: Neil_ nowhere. atm it's cheaper to just eat them than account for them tbh
mircea_popescu: at this rate you'll end up on thestringpuller's list.
dexX7: smidge: in which intervals are p1 and p0 calculated? this seems to be critical, because if you do the calc.. well, let's say every new trade, the difference is very small (as only one number changes) and the result oscillates very close to 100
ThickAsThieves: they cant figure out the value of 0
ThickAsThieves: mircea, help them out
ThickAsThieves: "It's relatively easy to figure out if steel companies can make a ton of steel more efficiently than in the past (they can, by a lot), but we have no idea how to measure the financial value of ideas and the people who come up with them. "
ozbot: NYT Excerpt: Radical Accounting And The Value Of Ideas : Planet Money : NPR
mircea_popescu: not really any need for the other three reasons
ThickAsThieves: 36% of US is trading on BTCT
ThickAsThieves: "A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades)."
ozbot: 4 Reasons Why Millions Of Americans Are Leaving The Workforce : Planet Money : NPR
assbot: [HAVELOCK] [XBOND] [PAID] 1.00000000 BTC to 2`000`000 shares, 50 satoshi per share
BigBitz: one is called S.MOE and the other S.BBET.
dandate2: what is the difference between S.MOE and S.BBET?
smidge: 102.7 seems to be a hard resistance :) http://dcx.smidge.com/
dandate2: or is there some product being sold
dandate2: does that mean i am sponsoring thickasthieves to make investment decisions and pay me interest for the money?
dandate2: what exactly is tatinvestments that i would buy a bond in it?
dexX7: not sure how to find it, but i think it was posted by burnside in the btc-tc thread
dexX7: kidkrypto: there was a seperate url for the realtime tab of btct
ThickAsThieves: flash i think
kidkrypto: i might draw up some templates and see how much it'd cost to get made on freelancer, can't imagine it'd take much work though
ThickAsThieves: make the app
kidkrypto: sorta like bitcoin ticker
kidkrypto: an app would be easier just with ticker of each listing
mircea_popescu: i think nuderstand will become a meme
dandate2: looks like i'm buying a fraction of what i bought on the -pt
dandate2: actually i really don't nuderstand the difference after reading it heh
ThickAsThieves: it's mostly described if you read them
dandate2: what is the difference between tat.asicminer and asicminer-pt ?
ThickAsThieves: and go to the #bitcoin-assets-trades channel
ThickAsThieves: load that
ThickAsThieves: is there IRC for ios?
kidkrypto: is there a btct price tracker for ios?
mircea_popescu: granted it's only a few btc per cycle they lose, but i imagine a few btc hurt a lot in scamistan.
mircea_popescu: this is like the 7th or 8th cycle of it
mircea_popescu: they push it, then let it be at which point it drops
mircea_popescu: lmao by the look of the trades teh btcgarden people are getting raped.
smidge: you will learn to love it i am sure
hammurabi: people selling to get on ride with ipo's most likely.
mircea_popescu: ArcticWolf famous last words, those.
ArcticWolf: wow the btcgarden selloff happened quicker than I would have thought
mircea_popescu: dandate2 on the short term the market is a nutty machine
dandate2: why is asicminer-pt going down, isn't that the only company actually working
dexX7: here is one possible outcome of what will happen next: people realize they won't double their coins, sell into the .016 wall and buy other currently cheaper assets (basically those dumped before) ;) is that possible?
kidkrypto: thought that was a raspi for a moment
Namworld: TaT, I was during the epic price rise, but not anymore. Trying to fill 500 BTC borrowed.
ThickAsThieves: Nam, weren't you trying to buy back your bonds?
smidge: if you have any suggestions or comments to dcx please post them
dexX7: afaik those guys are the owners of the chinese version of bitcointalk + an exchange
smidge: its not that easy
smidge: namworld you first need a picture of a fpga to enable ipo frenzy
smidge: [DCX] The Digital Currency Index Project - https://bitcointalk.org/index.php?topic=267351.0
random_cat: can i still get in on tatcoin?
ThickAsThieves: "Can also be used as fish ponds, python bathing pools, fire pits or tombs."
mircea_popescu: actually for some of the tickers, price!=price even
dandate2: i mean its all the same shit right
dandate2: mabye btcgarden will quadruple in value like labcoin the other day
Namworld: It's gonna be under the see soon
ThickAsThieves: you invest in the house directly
dandate2: i was interested in sin stocks also tho, is satoshidice the only one on here?
VanCleef: sell the house too
dandate2: i want to make some long term investments without watching this channel all the time, what yall recommend?
userioao: before too late, by tomorrow it will be less than zero
dexX7: no depth to sell
VanCleef: oh jesus its tanking
userioao: breakfast time
dexX7: what time is it in asia?
pankkake: dandate2: the same who buy from kSLAUGHTER
ThickAsThieves: I am called ThickAsThieves
ThickAsThieves: btcgarden buys all their own shares, no one around to pick up the real ones
dandate2: who the hlel is going to buy a depository receipt called ThickasThieves
userioao: 0:45 (S) 2222 @ 0.00024000 TAT.MINIGAME
pankkake: cognitive is taking a beating :/
userioao: time to dump all
userioao: who will get caught holding the bag?
dandate2: looks like btcgarden hype is dead, time to dump?
userioao: i try to buy 200,000
userioao: had to make withdrawal of 0.0001
pankkake: well, yeah, I thought you already realized that :p
ThickAsThieves: if this is the new reality, then xbonds are well-timed - Pre-IPO access will be like premining
VanCleef: the thing is, if it actually works, not sure what to think
ThickAsThieves: and tatcoins
ThickAsThieves: dont call them by their names, call them by there coin names
VanCleef: yeah true, where's fontas?
smidge: everyone getting out of labcoin to get the last btcgarden... its ridiculous
dexX7: one day this will happen
ThickAsThieves: lessons need to be learned
ThickAsThieves: i really hope one of these scammers runs sooner than later
dexX7: lab started with 0 asks and an instant jump to .003
dexX7: 522 btc till .02
dexX7: there are too much asks
kidkrypto: noone wants to sell cheap i guess
dandate2: btcgarden laughing all the way to the bank because they created some 2d photo of what might be a microchip and put it on their webrsite