940700+ entries in 0.638s
tiberiusiv: 30% yes bets in 90days? 30%+ dividend yield on
the stock...
mjr_: do
they have
to
take
the servers physically?
tiberiusiv: we have 2 venues
that are pricing major uncertainty on sdice
jurov: and it's normal on bitbet
that if anything gets over 90%/10%
there are "just in case" bets arriving
that push
the odds back
to middle
jurov: but if s.dice gets really seized
this year, it would happen
tiberiusiv: well bitbet would have
to climb
twenty fold
jurov: teh market says "No".. at least not
till june
ThickAsThieves: but still have an option
to leave
them visible
to public
Namworld: clever idea... let bitbet
take not open
to
the public bets. Would require some coding
tho
Namworld: What can I do
to borrow some of
that capital, smickles?
mjr_: either
tiberiusiv selling a call or smickles selling a put...or some more complex combination
smickles: mircea_popescu: you might be interested in
the logs of here starting at 21:26 utc
mjr_: it'd be easier and smarter
to do options on
the stock expiring
two years out
mjr_: since we are
talking about risks in investing in S.DICE
mjr_: anyway, without a more clear definition (stock
trades below .00001 or something
that is easily verifiable) it isn't a good bet
mjr_: the idea of web of
trust systems is not unique
to bitcoin, nor started by it
mjr_: its called
the web of
trust and its
the closest
thing
to a credit rating system
that exists
Bugpowder: nanotube founded
the otc market, right?
mjr_: then build up
trust
through
transactions
mjr_: you'd need
to get registered with gribble
smickles: Bugpowder: yeah, for saying he defaulted on
that contract
smickles: mjr_: i don't
think nano is
the highest rated
gribble: Currently authenticated from hostmask smickles!~smickles@67.222.146.32 . User smickles, rated since Wed Jan 4 18:28:52 2012. Cumulative rating 90, from 51
total ratings. Received ratings: 50 positive, 1 negative. Sent ratings: 51 positive, 6 negative. Details:
http://bitcoin-otc.com/viewratingdetail.php?nick=smickles mjr_: lol, is
that
the highest rating in all of otc?
gribble: Currently authenticated from hostmask nanotube!~nanotube@unaffiliated/nanotube . User nanotube, rated since Mon Nov 8 10:14:09 2010. Cumulative rating 674, from 186
total ratings. Received ratings: 186 positive, 0 negative. Sent ratings: 177 positive, 7 negative. Details:
http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube nanotube: well, if
there are no mutually
trusted
third parties, i guess
this is a non-starter.
mjr_: my point is...promise
to pay is not
the same as coins in
the bank...no one would say
that it is
smickles: the idea of an escrow is
that we both
trust
the escrow
smickles: tiberiusiv: i never said it had
to be someone you don't know
tiberiusiv: smickles: no 2 years is
too long
to have in someone i dont know escrow
mjr_: not questioning
that
tiberiusiv: my holdings are probably some of
the hihgest in
this chat.
smickles: tiberiusiv: I'm not doing
the bet w/o a both party escrow. Are you willing
to do any amount with an escrow?
mjr_: you are not betting your bitcoins...you are betting your promise
to pay bitcoins
nanotube: tiberiusiv: i just advised smickles not
to
take
the risk. if you both decide you want
to,
then i'm not going
to stand in your way ;)
nanotube: smickles: make it 1btc. in 2 years 1btc will equal 100btc
today :D
nanotube: smickles: at any rate, 2 years is a long
time... so even with escrow i'd probably not bet on
this. :)
Namworld: nanotube is
the most
trusted escrow arounds. He runs OTC and has escrowed far larger sums.
smickles: tiberiusiv: i would escrow
too
Bugpowder: buy strikes around
the currnet vwap
smickles: nanotube:
thank you for being more articulate
than me
tiberiusiv: the chances of smickles not paying are higher
then me
nanotube: that's
the point of
the escrow,
to make sure
that one party is not planning
to default in case of loss.
nanotube: tiberiusiv: here's
the
thing: if you plan
to walk away if you lose,
then
the expected value of
the bet
to smickles is -50btc. (because he pays if he loses, but gets nothing if he wins)
Bugpowder: I generally just buy around
the strike
smickles: no because you won't accept any escrow in
the world
smickles: I'm not doing
this without an escrow because i don't
trust you
tiberiusiv: just make sure you have
them when
the
time runs out
Bugpowder: you can make SO MUCH from
those coins
Bugpowder: Why
the f would you sequester coins for 2 years.
smickles: there is always risk
to
things
jurov: tiberiusiv
then get 100btc worth of sdice and short it
tiberiusiv: 100btc bet and no im not sending my coins
to anyone for 2 years
Namworld: For running SD would be a clearer and simpler way
to put it...
smickles: how ofter do you do
this sort of
thing? you seem new
tiberiusiv: for anything
that revolves around gambling
tiberiusiv: my statement is not vague,
they get in
trouble for what
they are doing
smickles: tiberiusiv:
they could get into
trouble for pot or somehting
smickles: "get into
trouble with US authorities" is a bit
too vague
tiberiusiv: no im not going
to give some stranger 100btc for 2 years
to hold
smickles: 100 btc is a significant portion of my btc, what are
the
terms?
smickles: i wasn't at
the keyboard
the whole
time, so i might have missed
tiberiusiv's reasoning as
to why SD is gambling or gambling in
the order
that it needs
to be regulated
smickles: i don't mean
to be rude, but i can
talk about you and
the ideas you presented
tiberiusiv: wager me 100 BTC
that sdice gets in
trouble in under 24months
smickles: you must be new
to
the internet
smickles: tiberiusiv: just because you don't want
to participate anymore, doesn't mean
the conversation is over
tiberiusiv: why are you still repeating yourself smickles?
the covnersation is over
Namworld: He doesn't appear as a
troll...
smickles: but seriously, did i miss something or did
they basically say
that SD was illegal because it's online gambling, and it's online gambling b/c it's online gambling
smickles: ya know, i don't
think
tiberiusiv is a
troll.
troll keep going when
trolled, don't
they?
gribble: BTCUSD
ticker | Best bid: 71.21001, Best ask: 71.30000, Bid-ask spread: 0.08999, Last
trade: 71.21001, 24 hour volume: 42847.49345213, 24 hour low: 62.25139, 24 hour high: 72.49999, 24 hour vwap: 67.90892
mjr_: i'm very interested in what is going
to happen with
the credit markets in bitcoins economy
smickles: pay (what
the us consideres) non-money
to play a game of chance and get non-money back, it's illegal?
mjr_: same
thing over and over
mjr_: i can't keep
talking about
this anymore
smickles: pay money
to play a game of chance and if you win you get money back;
that happens in blizzard games
ThickAsThieves: i bet
there are
tons of foreign digital currencies US cant
touch
mjr_: evenso...there is no precedent for an offshore company doing business in another currency
to be under
the jurisdiction of an american justice system unless
they hold and or convert from USD
tiberiusiv: quit argueing ridiculous statements and read
the laws. if sd dice was legal everyone would have ran "token" games in
the US.
tiberiusiv: you arent playing a game of chance
to obtain wow items with promised payout multiples