log☇︎
891000+ entries in 0.578s
Chaang-Noi: im saying it was pretty much a sure thing
Chaang-Noi: <mircea_popescu> bs collapsed on the POSSIBILITY of banks refusing their correspondence. i think you are understating the issue, it was more than a possibility.
mircea_popescu: possibly on the grounds of the doj indictment
mircea_popescu: mtgox is an exotic and therefore risky money handler.
mircea_popescu: which led to it's immediate collapse.
pankkake: oh, TAT.AM @ 0.03
mircea_popescu: the other banks were possibly going to stop corresponding with bs
Chaang-Noi: bear stears was a personal thing, lol
mircea_popescu: correspondence in this context means accepting someone's promises to pay.
mircea_popescu: bear stearns was a highly leveraged and thus risky money handler.
davout: mircea_popescu: howso, in "what do you mean? the correspondent bank thing is bs and that theory collapsed? or did you mean something else?"
mircea_popescu: what do you mean how so. how so tho which part.
mircea_popescu: bs collapsed on the POSSIBILITY of banks refusing their correspondence.
davout: seems it is actually the correspondent banks that prevent international USD wires from going through
davout: looks like the mtgox lolfest is starting to make some sense
mircea_popescu: "PS: I came damn near to tearing your apology to pieces, but now can't, you fuckin' lucky bastard. "
Chaang-Noi: yeah i loled when i saw that
dub: crazy escalation on page 7. Blah blah blah blah. .... The only bitch I see is the one gargleing pedophile cum while he slams wordz onto the screen with his man boobs he earned playing hours of WoW.
dub: man this thread is my favourite thing https://bitcointalk.org/index.php?topic=238474.0
mircea_popescu: well it was 1/4 bn earlier thisd year
mjr_: mircea_popescu: am i correctly seeing that as giving you a valuation of roughly 24 million dollars?
Scrat: must be nice to be mircea_popescu
Chaang-Noi: much over 5 i dont think so, id have to run the numbers again
Chaang-Noi: i dont think 10 is realistic at all
[\]: with sufficient qty, you'll still make money and not miss the wave
[\]: each time it goes up a btc, sell half an hold
[\]: just do the "sell half and hold" method
Chaang-Noi: i left money on the table
[\]: but what if it shoots to 10?
[\]: that's what people have said about 3 too :D
Chaang-Noi: yeah, i think we will hit 3.5
[\]: as long as the dividends remain stable, there's no reason to sell unless a person has an awesome selling opportunity or needs quick coins
Chaang-Noi: i expected the crazy market to see the "low" divdend and panick, im glad im wrong
Chaang-Noi: if we enver get there, ill just hold
Chaang-Noi: im waiting for 3.5ish to sell more
Chaang-Noi: i was just shocked, i expected it to be around 2.5
[\]: usually by now, its getting ready for the weekend dip so we'll see just what sort of support there is.
Chaang-Noi: hmm at 3 btc even after the "low" dividend
dub: on internet = true
ThickAsThieves: wtf is that
dub: this isn't traditional finnish pastime?
truffles: i feel the same as top comment
truffles: "im going back to reddit. its not safe here"
ThickAsThieves: i hear that gets em unstuck
ThickAsThieves: maybe put a hose to them?
truffles: for the same or better
truffles: still together
dub: did you see the vid we found of your parents first date truffles?
dub: oh hey its truffles
truffles: <jcpham> <tiberiusiv> you jokers are solving problems like how many tomatoes you can grow on farmville >>> geez internet so sensitive
dub: he lasted longer in here than he did in -analysis
jcpham: it's a commom theme
ThickAsThieves: so banned from here then banned from there
jcpham: <tiberiusiv> you jokers are solving problems like how many tomatoes you can grow on farmville
jcpham: i forget abouthe mass fuckery happening constantly on that forum
jcpham: yeah those garr225threads are golden
dub: oh wow, just saw the shill bidding thread
dub: https://bitcointalk.org/index.php?topic=236794.msg2522733#msg2522733 he's taking legal advice from a probation officer?
jcpham: The Economics of Bitcoin Mining, or, Bitcoin in the Presence of Adversaries
dub: only because its goign to take a lot of beating to get there from korea
dub: I'd honestly pay to have that guy beaten into a vegetable state
dub: I hope they went through with cancelling his orders
dub: I'mjust looking for power numbers from the OP
jborkl_: yeah that all in the same thread
dub: I was talking about him bitchign at Josh and having his orders shitcanned, missed any other drama
dub: fucking children these days
jborkl_: he is the treasurer and got caught trolling and outbidding himself
dub: lol this Garr drama is funny
furuknap: Note to self: never trade stocks after the third glass of wine. I filled out the Buy section instead of Sell section... :-(
furuknap: Holy crap, that was close...
Bugpowder: S.DICE is running on momentum, and established trust
Namworld: These new dice games require only a single payment, and retain the provably fair element. Then people can spam the bet button 10 times a second. Quite addictive.
Bugpowder: but now there is comp
Bugpowder: he chose not to, maybe because of no competiton
Bugpowder: Erik had the money to innovate
Namworld: Erik was supposed to have account based option long ago... he has to update.
Bugpowder: The max profit on the bet is 1% of the roll
mircea_popescu: your theory about s.dice may be correct. if it is, erik fucked up.
Bugpowder: into the bankroll
mircea_popescu: what can i tell you.
Namworld: If douglus doesn't get 100% of profits to put back in the bankroll, it keeps him from raising it if no new investors come in. And investors get away with most of the profits.
Bugpowder: I dont think so
mircea_popescu: this model ensures he has money one time and one time only : when it just won.
mircea_popescu: the casino needs money one time and one time only : when it just lost.
Bugpowder: but I think it is optimal for other investors
mircea_popescu: it will wreck the site.
Namworld: [22:42] <Namworld> For all the bragging, insulting, jestering and idle chatter needs of the Internet populace.
Namworld: [22:41] <Namworld> Bugpowder suggests Coinroll needs a trollbox (chatbox)
mircea_popescu: i think the variance from noob investors going in/out might prove too much to handle.
Namworld: I've forwarded your suggestion as such to Scrat, Bugpowder
Bugpowder: lucky run though
mircea_popescu: no point mixing the two
mircea_popescu: i mean. calculating the profit for the thing is distinct from calculating his investment roi
Bugpowder: and helped out the funding level
Bugpowder: but then I sniffed out an opportunity
Bugpowder: I think it made sense for the first few hours
mircea_popescu: no point in mixing his capital in there.
Bugpowder: I think he should take 5% of the profits
mircea_popescu: if 1mn is bet on jd his take is 100btc, and this is gross
Bugpowder: Try just-dice... Doog is giving away .01BTC to all new users