959700+ entries in 0.64s
ThickAsThieves: i dont really understand why so many people dont want
to
think for
themselves
mircea_popescu: i could carry on an intelligent conversation with maybe 5% of
the egyptians in either cairo or luxor
mjr__: and
they want eveeryone in as much debt as possible
ThickAsThieves: they even messed up real estate as investment for
the middle and lower class
mjr__: but
that is
the point
mircea_popescu: it's pretty smart. buy a house
today for 100k of debt, wait for obama
to make 100k = 1 pizza
mircea_popescu: actually seeing how
the expenditure is in large part houses,
Chaang-Noi: their parents or grandparents made all
the money, now everyone has credit
ThickAsThieves: i can have an intelligent conversation with maybe 5% of
the people i come across
ThickAsThieves: americans are so ignorant and detached from
the political and financial world it isnt funny
mjr__: i honestly
think it may even be a partly subconscious effect whereby without concsciously realizing it, you know
that saving is stupid when
the value goes down so rapidly
mjr__: yes, but it is
the system
that makes savers into suckers
mircea_popescu: the vote is in :
the us public does not care whether
the us ends.
mjr__: i was saying
that as i kept my finger on
the buy button, following goldman sach's modus operandi...tell people
to do
the exact opposite of what you plan on doing, and have
them pay you for
the "service"
mircea_popescu: "Consumer spending in
the U.S. rose in January even as incomes dropped by
the most in 20 years, showing households were weathering
the payroll-tax increase by socking away less money in
the bank."
mjr__: no one ever went broke
taking profits...sell sell sell
ThickAsThieves: from
the looks of
their promo photos, you have
to look pretty hip
to own a pair
mjr__: and i saw a picture of sergey brin on
the subway in nyc wearing
them
ThickAsThieves: which was accelerated from when
they said 2014 last year
gribble: BTCUSD
ticker | Best bid: 34.60000, Best ask: 34.75000, Bid-ask spread: 0.15000, Last
trade: 34.83990, 24 hour volume: 65618.15625339, 24 hour low: 30.90200, 24 hour high: 34.83990, 24 hour vwap: 33.28810
gribble: BTCUSD
ticker | Best bid: 34.60000, Best ask: 34.83988, Bid-ask spread: 0.23988, Last
trade: 34.83990, 24 hour volume: 65618.15625339, 24 hour low: 30.90200, 24 hour high: 34.83990, 24 hour vwap: 33.28810
gribble: BTCUSD
ticker | Best bid: 34.49501, Best ask: 34.50000, Bid-ask spread: 0.00499, Last
trade: 34.50000, 24 hour volume: 63944.06343327, 24 hour low: 30.90200, 24 hour high: 34.51541, 24 hour vwap: 33.24964
mircea_popescu: i guess if you sit
there and mash
the f5
there's little difference between an hour and all eternity
ThickAsThieves: he probly had some other bet or debt he needed
to fill
mircea_popescu: stuff has
to be checked, for one, it's not exactly pennies we're dealing here. stuff breaks half
the
time, as it was indeed
the case
this
time. new code and all
that.
blu3gr1ffon: i guess people expect
the perks of bitcoin
to apply
to bitbet
mircea_popescu: banks regularly hold payments 2-3 days, what about
that.
mircea_popescu: ThickAsThieves ok but i mean...
today is still
the 1st wtf.
BitHub: its a place
to buy bitcoins from
mircea_popescu: I am done using
this site. When you place a bet with a professional you want
to be paid when
the bet has resolved. Not when someone is good and ready
to pay you. Mircea Popescu is a no better
than any scammer before him."
blu3gr1ffon: they are, newly so. anybody used
the service?
mircea_popescu: nothing much came of it in
the case of bitbet for instance, it
took off way
mircea_popescu: mjr__
to some degree.
the way it practically works is mostly by putting min bids in during ipos
jcpham: EskimoBob
tell me about
the
things
that make you angry
mircea_popescu: i started off
trying
to be nice but by
the end i was
thoroughly pissed off so.
Anduckk: (btw
thats is actually
true)
Anduckk: mircea_popescu is
the string puller!!!
ThickAsThieves: in
the US, mostly
the only meat-switching news you hear about is with fish
thestringpuller: if within a few weeks’
time you find yourself in
the position of having
to decide whether a few million dollars go
to a. free drinks and garter inserts at a number of strip clubs or
to b. coinbase “second round of funding”,
the correct business decision is certainly a. At least
the strippers can actually provide an answer should anyone happen
to ask “what
the fuck are you doing”. <<< I
think many VC's w
mjr__: i really wouldn't care if i found out i ate pork when i
thought it was only beef
mjr__: what i don't understand is
that
they eat horse meat when it's labeled horse
pigeons: i would
think horsemeat would cost more
than cornfed cow meat
mjr__: i wanna get into
the private equity game lol
mjr__: at
this point i mean
blu3gr1ffon: or do
they just sit
there until
the end
to pay out?
blu3gr1ffon: so
these bets with, so and so will happen by 4/1/2013, are
they over if
that something happpens on 3/5/3013?
jurov: maybe
the default end weight should be 1000
to account for
this
mjr__: haven't seen
that yet
mjr__: at
the very least gross profit
mjr__: i am curious if you could use blockchain analysis
to get an accurate NPV of S.DICE dividends
mircea_popescu: so if odds are even and weight under 1k (out of
the orig 100k) you may end up -
Zillion: nothing like whining just
to find out your wrong and last money :)
mjr__: ah, good idea
too, if you were
to allow me
to lend my btc out for margin on people it could work in
the same system...but again, need very robust risk controls
mircea_popescu: sorry for
the delay everyone. bitcoind is not yet exactly mature, needs a little expert oiling
jurov: if i mismatch leveraged orders
the mess will be bigger
jurov: who isn't following
this -
the "track" feature works basically only on half of
transactions
jurov: okay, will plan it. but
that even increases
the risk of orders mismatch... mircea, how far are you with full
tracking? did you determine it can be done?
mjr__: and if it reaches
the point where
they would be insolvent,
they should be autoliquidated
mjr__: if
their account approaches insolvency
they should get a margin call
mjr__: yes exactly, i don't want
to rely on
trusting
them
to return shares and be solvent
mircea_popescu: anyway, certainly a valid development direction,
this.