940300+ entries in 0.634s
Bugpowder: their 'partnership' with gox immediately raises
thier potential beyond anything coinbase can fuck up
Bugpowder: tiberiusiv: nobody knows.
They moved
thier alpha date
to 'real soon now' 2 weeks after
they said it was opening.
Bugpowder: coinlab does have
the potential
to become even more of a clusterfuck
than coinbase
Bugpowder: you have cleverly firewalled
the risk
mircea_popescu: actually
the more amusing part is
this "coinlab wallstreet" business.
Bugpowder: tiberiusiv: here is why we wouldn't be... Coinlab is more likely
to get hacked
than
to get wall street bids.
MJR_III: anyone who believes in
the efficient market
theorem sounds like a freshman economics major
MJR_III: tiberiusiv: you usually sound like a person who has no real experience beyond a
textbook
MJR_III: tiberiusiv: it was a quote from
trading spaces btw
mircea_popescu: i wonder if annoyed ddos person manages
to
take off freenode
tiberiusiv: since
they need HUGE bids
to be able
to effectively cashout
tiberiusiv: the major holders are all
to happy
to get coinlab
to accept wallstreet bids.
tiberiusiv: no understanding of liquidty, bid/asks spreads. confusion over
the fact
that a
tiny group of bitcoiners has massive price influence.
mircea_popescu: he's
taking
the boy approach
to learning, challenging stuff.
Bugpowder: what evidence do we have
that you are a baller
mircea_popescu: why ? chix in
the pits are some of
the hottest sackpanthers you'll ever befriend
MJR_III: and you
take no prisoners. One minute you're up half a million in soybeans and
the next, boom, your kids don't go
to college and
they've repossessed your Bentley. Are you with me?
MJR_III: Think big,
think positive, never show any sign of weakness. Always go for
the
throat. Buy low, sell high. Fear?
That's
the other guy's problem. Nothing you have ever experienced will prepare you for
the absolute carnage you are about
to witness. Super Bowl, World Series -
they don't know what pressure is. In
this building, it's either kill or be killed. You make no friends in
the pits
error4733: dont
thinks big holder keep in big wallet, u made 100 address in a second
tiberiusiv: they own illiquid assets
they can never sell
tiberiusiv: the richest families dont own
the money.
mircea_popescu: is
this where someone whips out a "the richest 50 famblies own 547834987593485 dollars" ?
tiberiusiv: that doesnt even count
the spread out individuals
tiberiusiv: the
top 500 adress's probably belong
to 50 people
tiberiusiv: bugpowder: none of
the
top 50 hold even 1% of oustanding dollars.
mircea_popescu: Bugpowder i have no way of knowing. i'm one of
the major holders and my addies aren't on
the list.
Bugpowder: add up
the
top 50 people IRL net worth
mircea_popescu: why haven't i
thought about
that! you mean
this can prove ANYTHING ?
Bugpowder: yeah, I actually doubt
tiberiusiv statement is
true
tiberiusiv: just add up even
the
top 500 adresss which probably belong
to 50 people.
mircea_popescu: but
then again, we KNEW
there's fewer people in btc at
the onset.
Bugpowder: mircea_popescu: and with competition
that is significantly underpowered relative
to irl finance.
mircea_popescu: it carries a little more apparent water in btc
than irl because
there's fewer people in btc
tiberiusiv: at
the end of
the day, major players hold substantial bitcoins and need bids
to dump
them. bitcoin has worse wealth distribution
then even fiat currency by a massive margin
mircea_popescu: anyway,
the "it's all just one great conspiracy" argument is never disprovable.
MJR_III: try
to know a little more
than
the next guy
Bugpowder: MJR_III: yeah,
to
the point of
tiberiusiv,
this is just one more datapoint for
the risk matrix. Get more datapoints and connect
the dots better
then everyone else and you will make money in
this bitcoin shit.
mircea_popescu: Bugpowder actually...
the russians found something like
three
tons under a lake.
MJR_III: i guess
the overall point
to
take away is invest what you want and get
the returns you can...try
to learn
the risks, but you will NEVER have a risk free investment and you will never have perfect information
mircea_popescu: we're armchair economists, so we get
to pick our cost model.
Bugpowder: if
the diamond cost $45
to dig out, you need
to spend $2000 in ads
to make it worth $12000
mircea_popescu: just showing
that speculative
thought is not always economically relevant.
mircea_popescu: diamonds are not scarce and debeers is just manipulating
the price.
MJR_III: calculated capital reserves requirement. Bonds
that were not accepted as well as
the unaccepted parts of partially accepted bonds are extempt from
this reduction.
MJR_III: (k)In
the case where MPOE, after having paid
the interest as detailed above as well as all costs and fees resulting from contracts purchases and executions will be found
to have a shortfall,
that shortfall will be applied
to
the capital of
the bonds deposited
that were accepted proportionally, so
that each bond is reduced by
the same ratio as
the ratio between
the shortfall and
the
Bugpowder: nobody knows, and everyone knows nobody knows except
those
that do not yet know
that everyone knows
that nobody knows.
tiberiusiv: voorhees has massive incentive
to manipulate sdice and get rich dumping stock
tiberiusiv: i did read your post,
there was no answer about mr voorhees
Bugpowder: one should read
the contract, not
the name.
tiberiusiv: he probably placed bondholders before shareholders since hes
the largest shareholder
Bugpowder: there are many financial instruments
that are concievable
tiberiusiv: what losses are
the bondholders
taking? he didnt default
tiberiusiv: bugpowder: you can send coins
to yourself.
Bugpowder: the coins need
to go into some security
mircea_popescu: one idea may be
that s.mpoe shareholders can never make a loss.
mircea_popescu: dude, i have no idea.
there's an old article discussing
this, i'm no better.
MJR_III: investing in a company
that loses value in bitcoin (as long as its not
too fast) just slows your rate of gain for now
Bugpowder: People have deposited a LOT of coins into
the recieving address
Bugpowder: I assume
this is what mircea_popescu is doing. Why else would S.MPOE be worth so much?
tiberiusiv: create bids
to sell
the 1bil shares
too
Bugpowder: I suspect a disaster is brewing for
the bondholders
Bugpowder: I cannot freaking wait
to see
the MPOE results for
this month
tiberiusiv: mircea: its more entertainment
then anything
Bugpowder: Also known as
the bitcointalk forum
tiberiusiv: bitcoin enables you
to run boiler room scams all day long
tiberiusiv: the article doesnt answer
the question
tiberiusiv: if sdice had
that level of profits why is mpex worth more
then sdice?
Bugpowder: minus
the mystery investors shares