902400+ entries in 0.638s
dub: a network engineer on sake and
tramadol
truffles: whats higher
than a programmer in cyberworld?
truffles: well i get accused of being a
troll itc
dub: might be a hard sell with guild
though :)
dub: would be a good
test
PsychoticBoy: who hoe
that would mean I can setup my GPU rigs again :D
dub: not
that
they need
that much
dub: its likely
they could
turn up >50%
dub: a hard fork
to sink AM
dub: its surprising
there is not more noise about an algo swap
truffles: <ThickAsThieves> a sleeper investment isnt found by people
thatthru greed>>> so far
thats all i see in btc land
ThickAsThieves: a sleeper investment isnt found by people
thatthru greed
dub: dood get in on
this batjewcoin
fiat500: invest in
TAT investments
then? :P
furuknap: Geez,
this is
turning into
the
trollbox.
BitHub: 100th mine - could be
the second asicminer
BitHub: heh
that's what we're on
the hunt for
fiat500: so whats
the next AM satoshi stock? :P
fiat500: which is why im wondering where
this "they cant double 18TH" comes from
BitHub: asicminer as a company probably has 200th up
their sleeve, just sitting
there waiting
fiat500: just
that
theres no need
to
throttle anymore at
that point
furuknap: TAT: My article on evaluating mining companies will be delayed. It's
too difficult
to write something generic because
the profiles of currenct assets are
too different.
ericmuys_: they will hold
this incline upward.
trust in friedcat.
fiat500: but saying
they "cant double"...
fiat500: dub: im not
talking about
tomorrow, lets assume only 30% of it ships
dub: I'm assuming
they are hiding some
fiat500: they're only at 24% right now,
they could double and still not risk 51%
ThickAsThieves: but
there are already an increasing amount of noobs on
this
train
fiat500: if
they double or
triple
their hash rate you dont
think
thatll be reflected in
the share price?
ericmuys_: I understand
that was intentional :)
ericmuys_: unless he bought at >= 2.2, I wouldn't call it a loss because cashing out early != losing, but it's a very similar analogy in
that *the math* is correct, but
the logic is
twisted, just like his article.
fiat500: ThickAsThieves: you
think AM is going
to get
to 3 or 4?
ThickAsThieves: furuknap some AM sold at 2.2 last night, what does
that put your losses at for cashing out early?
dub: PsychoticBoy ismining with giga? Last
time I saw PsychoticBoy he was
talking about hiring someone
to kill giga
fiat500: where are
the miners selling shares and not scamming everyone
ericmuys_: furuknap: if he does, he's doing you a huge favor. i'm not going
to bother
fiat500: right now im
trying
to find a sweet security
to invest in
fiat500: furuknap: alright man, im going
to sit and build a formal proof for you later
today
ericmuys_: you are not
the special 1 in 1 million people who "see
through
the veil." not
this
time. I know it may feel good
to fight
the mainstream of sheeps, but you're wrong.
the logic is
twisted
to make it seem like you are.
furuknap: Your
thinking is not very relevant
to math. What you
think is about as relevant as
the current weather.
fiat500: i
think you're on shrooms :)
furuknap: Again, you're clearly demonstrating your utter lack of understanding, but I'm not really going
to explain it
to you yet again.
fiat500: you cant get around
the fact
that
the higher
the rate
the more real money you get out of it
ericmuys_: I'm joking, but you need
to
take a step back away from
the monitor
fiat500: furuknap: 2 scenarios here, i generate 1btc per day using hardware i spent 10btc on and have already broken even, i want
to pay rent in USD, in which scenario do i profit more, if USD is at 100 or if USD is at 1?
ericmuys_: ThickAsThieves: I would like
them back in what furuknap's smokin'
furuknap: Thus you demonstrate your lack of understanding my using an analogy
that doesn't work.
furuknap: If instead you _contracted_ someone at
the low rate
that you could later resell at a higher rate,
then you might be closer.
ericmuys_: you're wasting a bunch of peoples
time on nonsense. I want my 10 minutes back
furuknap: You analogy is completely irrelevant in
that you don't retain your hours for later resale at a higher value.
fiat500: but
this isnt
the case with btc (yet?), perhaps one day its real world value will be independent from fiat
fiat500: if i cared
to spend on
things using my hourly rate, and
the conversion from my hourly rate
to other items remained constant,
then your math is solid
furuknap: Then explain where
the math is wrong. Use
the
trading I explained and run
the numbers. Prove me wrong, please. I so want
this
to not be right
too.
ericmuys_: yes
the math is correct, but it should not be applied
to
the situation you apply it
to
ericmuys_: furuknap: his analogy is spot on. your math is
twisted.
fiat500: its
the same argument you made, replacing pc for mining hardware, and hourly rate for btc/usd
furuknap: You are quite free
to demonstrate your lack of understanding by using different analogies. It doesn't change
the math.
fiat500: parallel
to your argument furuknap is: i have a pc
that i do software dev on for an hourly rate, hence
the lower my hourly rate
the more i profit because
the value of my pc denominated by my hourly rate increases
fiat500: someone's been spending
too much
time on
the silk road
fiat500: actually his
thesis appears
to be
that inflation is good because you have more units for
the same value
ThickAsThieves: my guess is you used a million words
to say stuff we already discussed
furuknap: I'd be happy if someone could point out flaws in
the math. Right now it's mostly "but I want
this
to not be
true!" which isn't really doing anything for anyone.
ericmuys_: buying a few machines
that do nothing but hash sha256 don't warrant more
than one company.
the existing company and new company have one purpose: sha256. would not
touch with 10 foot pole.
ericmuys_: new company, I will
take over
the world and you can come, buy my overpriced IPO. fun! argh im bored and want new
terms, new company! bye believers. hey, buy my new company we'll do it
this
time
ericmuys_: makes more sense
to keep a good reputation on your word and put
them into ABM,
try
to revise
the contract with stock holder majority?
ericmuys_: PsychoticBoy: your statements for ABM: "I am planning
to grow bigger and bigger, recently ordered another BFLS." "And hoping
to buy more FPGA/ASICS in
the near future."
fiat500: PsychoticBoy: have you considered using
the funds
to purchase a second mining rig
ericmuys_: PsychoticBoy: so how are you, and I quote ABM, doing "the best we can
to give you
the highest possible mining revenue." by starting a new asset? what about
the existing ABM investors? did you buyback?
fiat500: PsychoticBoy: can you
tell me more about
those mining bonds midnightmagic was
talking about?