log☇︎
878600+ entries in 0.57s
ThickAsThieves: i can find DT's post about getting a job but the OpenCoin specificty is either edited out or I read it elsewhere
peterl: wait, are you trying to cut my voice or activeminer's?
mircea_popescu: i imagine as we develop better controls for the entire set of problems of the gpg contract we'll be able to bring the hare voting franchise back.
mircea_popescu: because of this sad state of affairs cutting their voice by disenfranchisement is actually best for everyone.
mircea_popescu: bluntly put people are so fucking retarded it's lucrative to create a paper copy of a successful asset
mircea_popescu: there's serious structural problems still with the bitcoin financial market, perhaps best tipyfied by peterl's remark above.
ThickAsThieves: I don't recall where DeadTerra mentioned it, at some point in the last couple mos he mentioned he got a job there, I'm trying to find the post to verify
CheckDavid: oh, I see, why don't you allow more than half? To avoid issues such as how to enforce majority of share holders rights?
mircea_popescu: peterl i guess at least it'd like to be.
mircea_popescu: 40mn were in his acct after ipo completion, sitting there
mircea_popescu: 50mn were not for sale at any point, as mpex contracts don't allow management to sell more than half.
CheckDavid: Oh, meaning 90 Million were not for sale, as they were held by the owner right?
mircea_popescu: all of it was on the exchange. a large part held by the owner.
usagi: They're doing hardware design, and they're also planning to do bulk chip sales like avalon
CheckDavid: So that means only 10% of the business was on the exchange?
mircea_popescu: ya when did that happen ?!
mircea_popescu: and of those iirc he said he sold like 2-3 mn
mircea_popescu: in this case s.dice was split in 100mn shares, and the ipo was 10mn. a month after the ipo sold out erik got the rest of his shares in his acct
mircea_popescu: CheckDavid the contracts on mpex usually call for a specified ipo allocation and locktime
CheckDavid: mircea_popescu, what does that mean? That he put 10 Million for sale on an exchange, but eventually bought 2-3 Million for himself?
ThickAsThieves: I wonder when they will snatch me from my bed in the middle of the night?
ThickAsThieves: i think DeadTerra also works for OpenCoin if I remember correctly
usagi: If it's for real it might go to 0.1btc/share
peterl: mircea_popescue: yeah, avoiding losers I have been up about 50% the past two months.
usagi: It might be good to flip, if you can pick some up at 0.0025 and sell around 0.0027+, but I can't say if it's for real
usagi: Well I have my doubts about it but I can't deny the community is in a froth over it
mircea_popescu: ah nm, that's how many he sold. he held the rest up to 50mn
usagi: peterl what do you think of activemining?
usagi: Right now I dunno if just holding BTC will do well in the short term, long term I expect BTC to go to over $200 again
mircea_popescu: CheckDavid 10mn on ipo, something like 2-3mn after that
usagi: Yes that's right peter, but it is exceedingly difficult to have predicted that back in June
mircea_popescu: if one managed to avoid all losers they'd actually do pretty good in btc
usagi: I'm terrible with numbers lol.
usagi: Or sorry, thats an annualized figure
usagi: Actually, since BMF has paid about 15% in the last month in dividends, it isn't really down very much
peterl: some investments are more certain to lose though, so I avoid those
usagi: Anyways I'm working on a few things that will pump BMF, and by the end of the month I expect BMF to be about even since inception compared to other mining assets down 60% since june
usagi: PeterL If you're looking at investments, you do not know which investments will win and lose. If you are honest, in hindsight, you can only say that since you were going to buy /something/, it would have been better if you bought BMF than, say, PAJKA.BOND.
peterl: no, they will just keep making more and more efficient mining rigs
mircea_popescu: peterl deprived is probably the one sane person that spent the time on an usagi monograph
usagi: peterl well, think about it; if you compare the performance of most mining assets to BMF what do you see? since june 13th DMS.MINING and TAT.VIRTUALMINE crashed by more than 50%. BMF is down about 10% or 20% I think
pigeons: he' spushing for ripple to take the rippling out of ripple
mircea_popescu: hopefully they hired insanikatz too.
mircea_popescu: well im glad he's found his place in the world.
pigeons: mircea_popescu: yes he has been volunteering, added indents and otherwise rearranging the source code according to his grep tool, he got mad at bitcoin devs for not listening to him haha
peterl: I remember looking at BMF a while ago and saying: most mining assets are losers, why would I want to invest in a collection of all the worst?
mircea_popescu: a title shared with a few others, it's true, but nevertheless.
usagi: peterl It may behoove you to ask me what my plans and goals are for BMF as well
PirateKitteh: lelelelel i like being hired to troll usagi
mircea_popescu: pigeons ahaha listen to this : mrbiggs teh riaa sockpuppet of forum fame was hired by "open"coin last week.
PirateKitteh: I never bothered with bicointalk much until a few months ago. Many to be found there
CheckDavid: thanks mircea_popescu , also, are you the owner of MPEX?
PirateKitteh: mircea_popescu: well like everywhere else they have their smacktards
mircea_popescu: on the face of it reddit fame pretty much counts as being retarded here.
PirateKitteh: mircea_popescu: from the /r/bitcoin subreddit
mircea_popescu: PirateKitteh what reddit fame is that ?
mircea_popescu: prolly the better summary.
PirateKitteh: my hats off to you miningbuddy sir. Happy caturday
mircea_popescu: "x is a scammer just like me! because i say so! because everything smells like shit to the guy with shit on his nose!!!"
mircea_popescu: gee, the loads of wanna-be scammers on the forums butthurt at how other people do stuff with like bitcoin in it
MiningBuddy: fame? hahaha, but yeah thats me on reddit & the forum
PirateKitteh: *wonders if the miningbuddy here is the one of reddit fame*
Diablo-D3: jurov: only when Im not hating the world.
MiningBuddy: I literally took a sip of my southern comfort as you said that
jurov: Diablo-D3: you do focus on bettering yourdelf and the world?
PirateKitteh: *pours a drink for miningbuddy, because everyone should have one of those*
mircea_popescu: being a slave is the best way to better oneself.
mircea_popescu: the world is not theirs to better.
Diablo-D3: yeah, but why wouldnt they focus on bettering themselves and the world instead?
mircea_popescu: no, it's just that some people chose not to fritter away their lives in the great pop vat of nonsense.
Apocalyptic: it's the coolness
gribble: MtGox BTCUSD ticker | Best bid: 91.68663, Best ask: 91.99330, Bid-ask spread: 0.30667, Last trade: 91.68661, 24 hour volume: 24049.04655450, 24 hour low: 89.60200, 24 hour high: 95.20010, 24 hour vwap: 92.60465
mircea_popescu: afaik it has nothing to do with it
Diablo-D3: mircea_popescu: so, your slaves, they only are your slaves because you're rich, right?
MCM-Mike: sure, only time will tell I guess
peterl: I doubt anyody you would want to trust will have any feedback
MCM-Mike: the "%" is too good to be true I guess
MCM-Mike: to me too
MCM-Mike: https://www.bitglory.com is this legit ?
Scrat: oh just noticed "the house of the hacker", thats even funnier
KRS: i dreamd there was a ufo making people aggressive with a ray, and i had a pack of robot dogs, so i said p1 command, and that was perimiter protection
Namworld: Today, people give up their freedom for 0.000001% less odds of dying.
Namworld: Who's with me to finance a space vessel to leave this rock behind?
usagi: Once upon a time, people gave their lives for freedom.
ozbot: New York Times reporter must testify against his own source in leaks investigation, court rules | Th
Chaang-Noi: almost to 1 again
KRS-: oh yeah I removed the symlink for that
gribble: The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation: http://gribble.sourceforge.net/
assbot: Have you got any tobacco?
Ukyo: anyone interested in buying some btc at a cheaper than market price price for PP ? :)
Namworld: Hmm, I notice there's a 1px border added to ads. It kind of would mess with my round corner banner.
Namworld: I guess I'll try with .5 for now, to test and track results.
mircea_popescu: Namworld .5 btc min, otherwise whatever you want to pay. you get added to rotation for 30 days, get displayed based on % of total.
mircea_popescu: mike_c ya well, by happy forumers tend to understand something more akin to validating them.
Namworld: What is the cost to advertise on BitBet? Ping kakobrekla and mircea_popescu
mike_c: not of course, that they are going to make the stock price go up every quarter.
mike_c: by happy I mean they should keep investors believing that 1) they are working in there best interest and 2) doing so effectively.
mike_c: late to the conversation, but, company management (in the real world) *works* for the stockholders. that is why they should keep investors happy.
PirateKitteh: Yargh! Evening to all!
mircea_popescu: check that shit out