929600+ entries in 0.692s
mircea_popescu: cads seeing how i own
them already,
they don't have
to.
cads: mircea_popescu:
they _pay_ for your
teaching?
bitesak: but you said you were probably
the unluckiest chap in bitcoin_
mircea_popescu: cads moreover, it resolves
the "can't afford
to pay" issue nicely.
ChaangNoi: i had way more
than anyone should have, i got lucky
ChaangNoi: ltc just up 10,000% in 2 months i was like, yeah
time
to lock in profits
cads: mircea_popescu: ah,
those kinds of slave. And
they have so much
to learn I can understand why
teaching anyone else might be low priority.
ChaangNoi: i sold 25% of my ltc for btc,
then sold
that into cash
anarchyxx: i heard some guy dumped 25% of his btc, and made 600k - you
think
thats a smart move
to get out 25% of your stash right now?
anarchyxx: yeah its very stable compared
to 2 days ago, i like it a lot
ChaangNoi: rock seems
to be refuling, i bet next week is a nice jump again (assuming no massive crash on
the weekend)
pgp: how much of
the rate is
time value of USD vs BTC and how much of it is risk premium of letting
those guys hold your USD?
gribble: BTCUSD
ticker | Best bid: 136.61003, Best ask: 136.95000, Bid-ask spread: 0.33997, Last
trade: 136.95000, 24 hour volume: 61707.94188656, 24 hour low: 128.00100, 24 hour high: 141.95999, 24 hour vwap: 134.66885
gribble: There are currently 31116429 bitcoins demanded at or over 0.0 USD, worth 11492698.8359 USD in
total. | Data vintage: 101.1584 seconds
ChaangNoi: ltc correct a bit, anyone know when gox is going
to list
them?
anarchyxx: if i would be making dollars available, for you
to buy bitcoins with - how much would pay for it? 1% per day on
the amount I lend?
ChaangNoi: only
teach slaves eh mp? what is
the going rate for a virgian romanian sex slave? (female)
gribble: BTCUSD
ticker | Best bid: 136.50206, Best ask: 136.95000, Bid-ask spread: 0.44794, Last
trade: 136.50206, 24 hour volume: 63557.73550732, 24 hour low: 128.00100, 24 hour high: 142.12000, 24 hour vwap: 134.88219
gribble: BTCUSD
ticker | Best bid: 136.50501, Best ask: 136.94999, Bid-ask spread: 0.44498, Last
trade: 136.94999, 24 hour volume: 67129.13784366, 24 hour low: 128.00100, 24 hour high: 142.12000, 24 hour vwap: 135.15683
cads: this is not quite
the consulting capacity.
cads: Really
the solution is become a better
tutor.
cads: and
that's where I find
the real breakthroughs happen
cads: well
to give an example I helped a friend for free
to learn inequalities. Helped me breakthrough a new way
to
teach inequalities. Spent a couple hours. On
the other hand, I charge so much for
tutoring
that my students often can't afford
two hour stretches.
cads: something I ought
to change.
cads: mircea_popescu: I
tend
to give my best advice without knowing it
to friends, lol. And less good advice
to my consutancy.
cads: I have no problem refactoring
the code
to scale it
mircea_popescu: one of
the advantages of
the 10btc backstop is
that it disencentivises overengineering
cads: I am also recruiting investors for a 3d printing business I'd like
to help my brother set up
cads: but I should certainly be able
to push up a _small_ service
cads: this is more of a project
to
tempt myself
to leave school over :D
MJR_: i
think you can draw a clear parrallel
to "crop harvesting" and "code development"...it actually seems like a perfect analogy in some ways
cads: but I also have work in applied logic and economics and game
theory
that is promising
mircea_popescu: i always said
the power of an idea is
the number of people it can make drop out of school.
cads: if I do,
then yes, I expect
to use
topics like
this for my masters/phd
mircea_popescu: basically
there is going
to be space for 10k mathematicians and 100k software experts (this is NOT webdevelopers, ruby coders etc)
cads: pgp: I'm not sure if I'm going
to remain in school
pgp: cads: are you doing
this for a dissertation?
cads: thanks for sharing
that, It's going into my business models brainstorming file
cads: yeah, I also believe offering provability services would be a great extension
to
that model
mircea_popescu: this is
true, just, since we were on
the
topic of provavbility.
cads: But yes.
That is
the
type of sector I wish
to enter.
cads: mircea_popescu:
though I would be
thrilled
to offer
that, frankly I would need 5 years of software dev manager work before I could assemble and run such a
team,
to completely forget about capital.
MJR_: never cease
to amaze me
mircea_popescu: if you can actually build a business on
that model for instance, i'd certainly list it.
cads: this is a level of rigor
that a few years ago produced L4-Verified,
the world's first mathematically correct unix micro-kernel
cads: secure
trading platform*
cads: my eventual goal is attain skills needed
to write 1) a mathematical specification of a secure
trading 2) a program
that is provably correct relative
that specification
mircea_popescu: my girl regularly roils over
things
that calously put
the public in grave danger
mircea_popescu: and in general i've always supported stuff
that was made
to be safe.
cads: very well, I am optimistic about
this response
mircea_popescu: shows you had
the sense
to a. ask b.
think
through c. implement something safe.
cads: That would be extremely valuable
to me, even as a failure.
mircea_popescu: if you blow up escrow saves you, and you will be
the first failed bitcoin business
that failed correctly.
MJR_: i
think
that mpex's model is great...what if x, x', x'' and x''' happen
mircea_popescu: publish your
total exposure/don't let people expose you over
that sumand
that'sthat.
cads: I
think
that would be a suitable initial offering.
mircea_popescu: "i am doing
this
to learn, it's not for serious, i have 10 btc set in escrow with X if site fucks up"
cads: of course, whether I give my income
to charity will be a private decision
then. My inventive
to serve
the project honestly will come from
that.
MJR_: people
trust
that other people will do whats in
their own self interest
MJR_: point is, people can't calculate your ephemeral motives, hence
they can't arrive at
the same conclusions...if based on clear mathematical profit model,
they can arrive at
the same conclusions and see
the benefits
cads: If I have
to set myself up
to financially benefit, and hold
the new company as a private organization, I will
cads: mircea_popescu:
this is where
this community's advice is already coming in handy.
cads: I am starting
to change my opinion, due
to
the 'trust' argument
MJR_: hmmm...great idea...but can we sell
that?
cads: mircea_popescu: I have already been advised once
that for
the project
to succeed and be safe and beneficial long
term.
mircea_popescu: empowering people
to run nuclear power plants in
their garage is not a good
thing
mircea_popescu: there's no real benefit in making an open source
thing
the general public may confuse with a financial market
to
their detriment.
mircea_popescu: but when
taaki stole and "released"
the bitcoinica code
mircea_popescu: doing a general "this is how a successful business is made" documentary
thing is one
thing.
MJR_: hehehe, i knew
thats what you would say
mircea_popescu: yeah,
this entire "make a gift
to
the community"
thing is suspect.
MJR_: its funny but "altruism" engenders less
trust
than profit
cads: I do not wish
to profit from it in ways other
than 1) public reputation if I succed, and 2)
transferrable skills regardless of whether I fail or succeed.
MJR_: now you are getting on shaky
territory
mircea_popescu: but anyway : deprived is one fellow actively doing some ltc/btc futures stuff,
tho mostly otc.
cads: I believe I am creating
this exchange as a gift
to
the community
cads: any private friendship will be repayed in kind
to my social network.
mircea_popescu: it's not a crime, it's business. stuff i sign off on does better in
the marketplacer
cads: I do not wish
to profit from recieving your public endorsement, no.
MJR_: basically stressing
the difference between "endorsement" and "encouragement"
cads: even up
to what we've
talked already
cads: mircea_popescu: I would certainly keep you on
the anonymous gratitude lisk
mircea_popescu: the other definition of moral support however is as
to
third parties. you can't go around saying "i'm working with mp on
this" unless we actually have a deal of some sort.
mircea_popescu: unless you're pointedly an idiot about it, it's going
to be useful,
too.