log☇︎
939500+ entries in 0.671s
mircea_popescu: yes dude, you are. that's what fucking up is. missing body parts.
Chaang-Noi: you wanted me to read inauncall your girl names?
mircea_popescu: dub that's exactly what "blowing your ipo" is.
dub: as ThickAsThieves is saying there is no market for AM beyond a couple of pissant PTs and some forum auctions
topace: Bowjob: yes, the leveraged trading will happen on virtex, using the short fund on havelock as collateral
Bowjob: and its guaranteed since i think they'll make people put up collateral
mircea_popescu: and in general, when you're sent to do reading it's because you're sprouting nonsense.
ThickAsThieves: regarding asicminer, its still a very small amount of shares even being traded
dub: all I see is sour grapes tbh
Bowjob: if you watched the video.. he mentioned the leverage as part of cavirtex
Bowjob: i can lend some btc there, have 12% guaranteed
Chaang-Noi: cant back up crazy claim, says not trollin, lol
Bowjob: I'm interested on the leveraged trading,
topace: im sure there'll be dividends eventually
Bowjob: on the sheet
Chaang-Noi: how did they lose 100k btc then, lol
mircea_popescu: read the forum threads linked above, i won't bother rehashing it.
Bowjob: so topace how are investors gonna get paid
topace: ThickAsThieves: yea, we delayed it 3 times due to prospectus re-writes
Chaang-Noi: 100,000 btc? lol you trollin?
ThickAsThieves: maybe YOU didnt do this, but the asset also had a nice prospectus, and a video
mircea_popescu: i'm jelly to my ears, srsly.
mircea_popescu: the fact that they've cost their investors 100k btc or so makes me jelly.
mircea_popescu: Chaang-Noi ya dude, totally. the fact that they failed to meet spec is something that makes me jelly.
mircea_popescu: Bowjob then are you searching on the closed ones ?
Bowjob: when i type avalon
topace: hehe yea, i didnt do _anything_ all we did was put the banner on the www.cavirtex.com website and a news article on havelock website
Chaang-Noi: i think your just jelly it is not on your exchange and you did not invest with them:)
Chaang-Noi: oh mp, tisk tisk tisk :)
Bowjob: mp, what happened to the avalon bet
mircea_popescu: topace you gotta show people the light moar.
mircea_popescu: Chaang-Noi you may not be the only one that thinks that's silly, but that's quite irrelevant.
topace: give people time to prep and move funds to havelock
Chaang-Noi: you show me one volume of one pt and say it means something about the company? im not the only one who would think that is silly
topace: i was baffled why he didnt want to announce it at least a few days ahead of time
topace: Bowjob: yea it was announced on the website, but if you werent on teh website when it happened you wouldnt even have known
mircea_popescu: people who think they're smarter are much akin to the street prophets in ny.
Chaang-Noi: pt is pass though, it is not real stock
Bowjob: that they will announce an ipo soon
Bowjob: it was on the website on cavirtex.. i remember
mircea_popescu: we have standards in btc, we stick to them.
mircea_popescu: THAT is the volume. everything else is bullshit.
mircea_popescu: Chaang-Noi i know what the volume is. this :
topace: and the owner (joseph) didnt even email his user base to tell them about it either
Chaang-Noi: but you dont even know what the vo;lume is, but i still disagree, some private companies are worth more than highly traded ones
topace: yea VTX sold out in ~12 hours.. WITHOUT any pre-announcement of when teh IPO was happening
mircea_popescu: dub this is a point.
mircea_popescu: but the very problem they face.
Bowjob: i learned though, if i see huge volume..
mircea_popescu: the fact that asicminer fucked up their ipo is NOT an excuse for them
Bowjob: much to my chargrin
mircea_popescu: Chaang-Noi the trade volume IS the controlling argument.
Bowjob: i was wrong about vtx, i didnt see any dividends, i didnt think it was gonna get funded
Chaang-Noi: mircea_popescu> 2x asicminer volume yest. why is that ? is cavirtex a larger corp than asicminer ? i was answering this question
topace: Bowjob: not in the immediate future
Bowjob: any more ipos, topace
Chaang-Noi: why are you talking about the trade volume if it is a nonargumnt? im just saying you cant see the real trade volume, that is a fact :/
Bowjob: i couldnt understand the vtx pump either, i missed it
mircea_popescu: the fact that i can't see it speaks against it not excusing it.
mircea_popescu: Chaang-Noi listen, this is a nonargument.
mircea_popescu: unless they fuck up their registrations
Chaang-Noi: you cant see asicminer trade volume mp, only one of two pt
mircea_popescu: at the rate this is going, it's gonna be actually.
Bowjob: canadians love their companies
mircea_popescu: 2x asicminer volume yest. why is that ? is cavirtex a larger corp than asicminer ?
mircea_popescu: lol right. well done topace
Chaang-Noi: yeah im not selling more, i had to get some cash
ThickAsThieves: you sold some to me a month ago ;)
Chaang-Noi: dividends wont end anytime soon, not sure what the value really should be at but im not selling mine:)
Bugpowder_: ah, that thread was the one I was thinking of for the girl's estimates
mircea_popescu: as unromantic as this may sound, it's true.
mircea_popescu: but theres a LOT more to success than just that.
mircea_popescu: Chaang-Noi operations were never their problem.
Chaang-Noi: mp one sell off on a thin market, still the only real asic company out there
mircea_popescu: ask that guy.
gribble: Next difficulty estimate | 6880830.90136 based on data since last change | 7242616.81723 based on data for last three days
Bugpowder_: but the valuation is looking pretty frothy
Bugpowder_: What would be the appropriate subform to post an add to borrow asicminer shares?
dub: we need to identify that building and burn it down with those two inside
dub: did you see the latest taaki video?
mircea_popescu: morel ike 100 i think
mircea_popescu: It's unclear how much risk discount investors would be wanting to apply to that valuation, and it's also unclear how much discount will willy-nilly end up being applied in the event ASICMiner actually foregoes liquidity and lists on some marginal venue. But in any case things look pretty bright at the moment, so well done!
ThickAsThieves: it wouldve hit 1+ if they actually got to 12TH+
mircea_popescu: Bitfountain the third multi-million dollar Bitcoin public corp in Bitcoin history.
mircea_popescu: All these things considered it is perhaps not unreasonable to judge ASICMiner revenue generation ability in the 5 to 15k BTC a month range. If this is in fact correct it's also not unreasonable to judge ASICMiner's market cap roughly equal or a little under that of Satoshi Dice, in which case the 400,000 share company would be worth on MPEx somewhere between 3 and 600k BTC, or between .75 and 1.5 BTC per share, making
ThickAsThieves: yeah she said about that
Bugpowder_: I don't think so
mircea_popescu: Bugpowder_ no, .75 to 1.5 iirc
gribble: BTCUSD ticker | Best bid: 75.30000, Best ask: 75.37700, Bid-ask spread: 0.07700, Last trade: 75.55000, 24 hour volume: 80678.53152168, 24 hour low: 69.80000, 24 hour high: 78.00000, 24 hour vwap: 74.58758
Bugpowder_: mircea_popescu: the girl's estimates were .075 to 0.15 no?
Bowjob: that means they expect asicminer to make at least 400k BTC
mircea_popescu: then they kinda blew it
mircea_popescu: ThickAsThieves the girl's early estimate was .75 to 1.5
Bugpowder_: well, the market is uhhh.... a little -thin- below 0.75
mircea_popescu: now that's interestying
ThickAsThieves: probly just someone who moved from friedcat to btct to sell
ThickAsThieves: not that much
Bugpowder_: how people keep getting BTC given to them as loans is utterly mystifying to me.
jcpham: loans are like gift. the blockchain is god.
mircea_popescu: old timer. name escapes me atm