874400+ entries in 0.704s
mircea_popescu: the people
that did it moved on
to hyping whatever other scam.
mircea_popescu: kidkrypto but
to round out your question : look up bASIC. pretend-fab, was laughed out of
town, blew up
ThickAsThieves: so when you invest in, or buy preorders for
the newest contender
ThickAsThieves: no one seems
to notice
that like 100% of ASIC creators delay repeatedly
mircea_popescu: either
they failed
to get a 2nd run going or botched it somehow, or whatever
the fuck, but
teh grapevine is well pissed at
them.
mircea_popescu: asicminer ipo'd at .1, it was lauighed out of
town. it stayed ~.1 forever
kidkrypto: was
there similar shit
talk about asic miner back in
the day?
mircea_popescu: so like it or not you'll get a bunch of gimps
trying
to run
the marathon. not much can be done about it.
mircea_popescu: ThickAsThieves well it's like
this : some people can do something useful. most don't. people nevertheless are hardwired
to not simply give up and die, which is a cruel joke of fate.
pankkake: when I
talk
to people about bitcoin,
they instantly ask me about mining - which I never speak about
pankkake: instant free money makes people idiots I would
think
pankkake: the
thing is
that amc doesn' do anything of value, except contacting other companies
kidkrypto: as long as
the shit goes up and i can sell, i don't care if it's made by nigerian asics
ThickAsThieves: labcoin lovers already
trying
to run
the show, when
they dont even hold shares yet.
this is amazine
mircea_popescu: and
then
there won't be an end of it, once
they go strut on
their somali scammer forum
pankkake: but I don't understand, even if it's "real" and
they have a contract going on with easic, it's still… meh
mircea_popescu: problem isn't
that, problem is
that
there's so many idiots in btc
that
they'll probably make decent bank off it
pankkake: wait ok, he says "I called ken" out of
the blue, first post in AMC
thread
VanCleef: they must have a office in india or something full of 50 crypto
trader
trolls
mircea_popescu: and yes, i suspect VanCleef is right. we have a
team of scammers working
the "investor" angle on
the forum.
VanCleef: anyone else
tried doing
that
the stock would have collapse
VanCleef: i
think
those guys are professionals man
pankkake: I wonder if
they're socks or just stupid
VanCleef: it can be quite
the nice safe haven
VanCleef: i
think its depends on who's issuing
the bond
pankkake: I like
the possibility
to get
to
the money really fast
pankkake: I wonder if bonds would be better - for me -
than something like just-dice
ThickAsThieves: there's a whole
tier of "investor"
that would be better off with bonds
ThickAsThieves: but if you factor how much
time people waste refreshing forum
threads
ThickAsThieves: [08:26] <saulimus> reinvesting something like 25% yearly div still isn't
that much <<< if you know what youre doing, no it isnt
saulimus: buy all
the IPOs you can get your hands on and hold :p
pankkake: I should probably start a real bitcoin business with my
time :)
pankkake: what I have isn't worth enough
to
try
to day or week-trade
saulimus: reinvesting something like 25% yearly div still isn't
that much
ThickAsThieves: [08:21] <pankkake> bonds are boring, can't multiply money fast enough <<< reinvest your daily divs, probly make more
than any of
these garbage pump'n'dumps, with less wasted
time staying savvy for
the next forum herd migration
kidkrypto: hmm 10:30pm, do i stay up all night hoping labcoin goes live
tonight or not
pankkake: I just need
to find a chinese guy
VanCleef: but labcoin is worth a million dollars
today
kidkrypto: basically you can't even get stocks at
the ipo price of 0.001 now
VanCleef: tat just sneezes and puts
together a better prospectus in 5 mins
dexX7: oh, i
thought
this was your reaction
to
this madness
ThickAsThieves: kinda funny how right when I wanna drop XBOND,
the forum is rabid about Pre-IPO bidding
gribble: Next difficulty estimate | 35983896.6787 based on data since last change | 41008722.4731 based on data for last
three days
mircea_popescu: why would something have
the same mkt cap as asicminer ?!
ThickAsThieves: "This list should help you decide which bitcoin stocks
to invest in. "Potential price" shows
the price of
the stock if it would have
the same market cap as ASICMINER. "Potential gain" is
the ratio between potential price and current price (or IPO price, if
the stock is not
traded yet)."
mircea_popescu: dexX7 you know,
these
things seem fascinating new stuff for you because you haven't been following mpex.
assbot: [HAVELOCK] [HIM] [PAID] 52.00000000 BTC
to 40`000 shares, 130000 satoshi per share
assbot: [HAVELOCK] [KCIM] [PAID] 9.07000000 BTC
to 907 shares, 1000000 satoshi per share
Namworld: I
thought it was a requirement
Namworld: I was kinda expecting
the clip of "aaand it's gone", kinda like instantostrich
random_cat: what is
the anticipated AM price? how many shares? i've got some bitcoin burning a hole in my knickers
pankkake: it's an hedge against bitcoin price falling
though
pankkake: I'm already in
too deep, my home is likely
to lose value
dub: In
total, around 6,377 GH/s, expected
to be fully operational in
the middle of August.
pankkake: and I just wouldn't invest in real estate right now, unless I really knew
the local market, which I don't
pankkake: people aren't going
to pay rent in bitcoins
pankkake: can't see
the point of real estate investing with bitcoins
dexX7: the worst comment i've read in
the kelliworth
thread was something like "bah, bitcoin doesn't need real life companies"
jurov: there are some attempts in real estate.. but it's hard
to compete with finance and mining
dexX7: but it doesn't create
the possibility of
tons of speculative coins :)
dexX7: i'd really like
to see more business emerging around bitcoin.. not only finance and mining
pankkake: (because
they're
too busy actually doing stuff)
pankkake: I'll only
trust Chinese companies with no websites
dub: wait wait, I can link
to a website, its legit
Namworld: What I find depressing is random strangers on
the Internet arrive with random ASIC offer on newly registered domains and are instantly worth 10'000-50'000 BTC without anything.
dexX7: but it's an opportunity
to buy
those stocks cheaper
smidge: what i also find depressing is people selling any other security in order
to get into
the hot stocks
smidge: you set a launch
time, and after
that let
the market decide
smidge: so if you distribute it via
the percentage as i described, you have fair distribution,
the price is
the original ipo price, plus you can adjust # of shares
dub: yes because
the market is pricing it higher
dexX7: i guess
those are problems which weren't really predictable
smidge: if
the ipo price is a bid like it is currently, it adds another problem as you can see. nobody will be able
to buy at
the original ipo price
Namworld: What smidge says is right. IPOs should have one possibility: 1 price available only
to prebid, IPO price.
dexX7: dub:
that would conflict with
their initial announcement
dub: why not just sell into
the bids,
thats
the 'normal' way