log☇︎
959800+ entries in 0.586s
jurov: yes that side is clear... but on the other side, maybe i can lend out to coinbr users where i can force liquidate them (hence bitcoinica reference)
mircea_popescu: and dividends pass through to original owner
jurov: transparency leads to somilar things like MPBPT investors bitching that i endangered their investment by setting the rate too high, lol
mjr__: exactly, i don't care who they are, i would rather trust mpex or coinbr than an individual person, provided that there is an autoclose out feature and there account is liquid enough to be able to buy back
jurov: i'd prefer to run it closed with fixed interest, without dosclosing when i or someone other shorted and how much.
mjr__: if they are right and the short position works, i can increase my position for cheaper, if they are wrong, i get my original shares back anyway, and still rely on dividends
mjr__: my whole point is that i want to increase my long position, but i don't want to buy at market, so if people want to sell at market, and then have to cover, i can buy back my own shares
mjr__: even better win, if they win the bet, i can double down
mircea_popescu: actually iirc topace was working on some automation for crediting pushes to his PT
mjr__: ie. i can just leave my shares in that pool, but i specificy that my term will expire before dividends
mjr__: i meant a more automated system, yes Jurov and collects a portion of the interest or fees i generate
jurov: i understood mjr__ looks for a broker he'll just push the shares to and broker does the legwork
mircea_popescu: possibly for a fee tho
mircea_popescu: im sure any of the pt ops would do this, for instance.
mjr__: yes true
mircea_popescu: what's the impediment ?
mircea_popescu: unlike the bitfinex system w./e that is, you actually have signed receipts to prove this on mpex.
mircea_popescu: mjr_ you can find an escrow you trust, push to them.
mjr__: mircea_popescu: I would rather have my shares in a pool for lending with the understanding that the guy has to have assets to back it up. Similar to bitfinex's system
thestringpuller: mjr__: smickles is working on something for that purpose I thik
thestringpuller: jurov: why do you expect that?
mjr__: you COULD, but there is no escrow
ThickAsThieves: while ive never used btcjam, i like how the integrated using btct assets as collateral
mjr__: and i could have my shares which are just sitting there earn extra income
Zillion: very new to all this if that is a dumb question
Zillion: why would you do that?
mjr__: i think it would be awesome if we could lend our shares out on mpex...with an escrow feature of some sort
mircea_popescu: you can be sure of that.
Zillion: np just wanting to be sure no wallet problems is all really
Zillion: LOL yeah but I am not the tycoon as you and need my measly coins
Zillion: Still no love on that bet here mircea_popescu
thestringpuller: mircea_popescu ; I summon thee from da depths.
splnkr: yeah i guess if you're going to jump down a rabbit hole it might as well be the one with the most potential to lead somewhere better
mircea_popescu: nice that you found btc then
splnkr: to be constantly wrapped up in their misdeeds is paralyzing
splnkr: it's a joke and i don't care to stick around for the punchline
splnkr: they are leading the way to 100 years ago
splnkr: i have less than zero time for their BS
splnkr: pigeons: i'm not trying to defend politicians, but explain them
mircea_popescu: i certainly dislike people that do that more than people that do coke.
mircea_popescu: i guess this teaches the importance of not fudging numbers.
splnkr: well the irony here is that story about maxine waters misquoting a number probably got more exposure than the story about her exposing the CIA-crack connection in the 90's
mircea_popescu: that's why the internet is so fulla hyperbolae
mircea_popescu: but it's always easier to self aggrandize and hyperbolize than make points
splnkr: so for example, sometimes what looks like stupidity from the outside is really willful ignorance
mircea_popescu: just make your motherfucking point, that's what a congress is for.
mircea_popescu: <pigeons> lieing and misleading sucks. even though lying and misleading is expected of politicians, it still sucks, and because of their position, perhaps sucks more <<< this. nonspam detected.
splnkr: i had the experience of running for an elected office once and it totally changed my perspective
splnkr: look, if you view a type of person as completely inhuman and one-dimensional so you can scapegoat them, you're never going to really understand why they are the way they are
splnkr: whoa whoa the killing and stealing are another issue altogether
pigeons: dont blame the poor politicians
pigeons: people suck so im forced to kill and steal
splnkr: well, maybe, or maybe it's that people suck, and force politicians to lie.
pigeons: lieing and misleading sucks. even though lying and misleading is expected of politicians, it still sucks, and because of their position, perhaps sucks more
splnkr: now i wonder how this affects BTC speculation =P
splnkr: but the apt managers were too dumb to realize they were just bandstanding
splnkr: well, now the electricity service backpedaled and is offering a continuation at the same rate
splnkr: for example an apt. complex i was advising decided to build their own cogen plant because the electricity service was threatening much higher rates
splnkr: however I think a lot of us often react to what people say when they're taking extreme positions for negotiation purposes
splnkr: she maybe meant to say 176K
splnkr: but i do see your point in this particular case
splnkr: sometimes you take an extreme position to reach a better compromise
mircea_popescu: splnkr ya well, here's the deal : if there actually existed 170mn jobs in the us it wouldn't be in the crapper would it
splnkr: in politics, sometimes you hyperbolize to make a point
mircea_popescu: she's among the best congress has to offer and that's what she says
mircea_popescu: splnkr that's my point
splnkr: she was the one to bring allegations of CIA crack cocaine trafficking to light in DC
splnkr: she's among the best Congress has to offer
mircea_popescu: im sure that makes all the difference :D
mircea_popescu: why are these people even in congress ?
mircea_popescu: "Congresswoman Maxine Waters (D-CA) claimed today that "over 170 million jobs" could be lost due to sequestration. "
blu3gr1ffon: anyone getting in on the BTC/USD at Mt.Gox will hit $35 in March 2013 bet?
Zillion: blu3gr1ffon ok thanks just curious...usually they are fast but this one is big
blu3gr1ffon: mircea_popescu: thanks!
blu3gr1ffon: if we are talking about the the bitbet.us one.
blu3gr1ffon: not sure how long it takes.
Diablo-D3: spacex is going to launch the dragon again at 10:10AM EST http://www.space.com/17933-nasa-television-webcasts-live-space-tv.html
Zillion: mircea has the BFL March 1st bet paid out?
Bowjob: my priorities are backwards.. usually people go to school first
Bowjob: then after that perhaps go back to school..
Bowjob: if this rally continues, I'll be able to afford a nice house at the end of the year
gribble: BTCUSD ticker | Best bid: 34.08001, Best ask: 34.17002, Bid-ask spread: 0.09001, Last trade: 34.08001, 24 hour volume: 71974.65510805, 24 hour low: 30.90200, 24 hour high: 34.51541, 24 hour vwap: 33.23048
Bowjob: umm month, but he's referring to this years xmas
Bowjob: prolly the 300+
Bowjob: i guess they bet either 300+ or the 250 bet
Bowjob: from winning the huge bfl bet
Bowjob: yifu said christmas came early to them
Bowjob: i havent set the bet yet :P
mircea_popescu: Bowjob based on that text the bet is pretty relevant
ThickAsThieves: i was refering to asicminer
Bowjob: "Starting from next Monday, units will be en route to their country of destination and tracking numbers will follow maybe 2~3 days after (it is at this point onward which you can expect an email from us with the tracking information), we expect this process to continue to the 10th of March until all the units have been shipped out, if all is well people will get their units in-hand in the middle of March."
mircea_popescu: well ya but still, things irl happen on some sort of timescale
ThickAsThieves: i wanna complain that he doesnt really give any dates or schedules, but then again, who ever really lives up to those...
Bowjob: okay then
mircea_popescu: majority of batch 1, not majority of all items they will ever produce
mircea_popescu: jesus fuck these things are impossible aren't they.
Chaang-Noi: 6-8 watts/G this is okay for asic?
mircea_popescu: pix of what ? their dilated bunghole ?
mircea_popescu: if they don't tho...
mircea_popescu: if they say so it's one thing