log☇︎
966700+ entries in 0.726s
mod6: upwards and onwards though!
mjr_: my point is that for february
mjr_: they can't change that now
mircea_popescu: yes, for the current month. but past months are water under the bridge far as you're concerned
mjr_: so my tiny fraction of that revenue is already mine in dividends
mjr_: but they already bet and that is already his revenue
mircea_popescu: i can totally see it.
mjr_: over the long run
mjr_: yes, that is true
mircea_popescu: well, there's this theory that people will bet less if btc are worth more.
mjr_: also...how can people retroactively go back and make their bets smaller because bitcoins are worth more now?
mjr_: so i am up in total by the combination of the two
mjr_: but that position is up...i got the bitcoins on average for 21.22 so that position is up
Bugpowder: It was up to 4x till last night's bounce :(
mjr_: yeah, if only i had gotten in then
gribble: BTCUSD ticker | Best bid: 26.33672, Best ask: 26.36438, Bid-ask spread: 0.02766, Last trade: 26.30110, 24 hour volume: 143473.69366734, 24 hour low: 21.72100, 24 hour high: 26.67000, 24 hour vwap: 25.03657
mircea_popescu: this is totally ponzi.
mircea_popescu: so 5 months and 2 weeks converges to like 0.02!
mircea_popescu: Bugpowder are you copying this ?
mjr_: but still...these returns are great and that's before i have ever even received dividends
mjr_: i'm not saying there is NO correlation
mjr_: so my total gain when measured in dollars is a combo of the two effects
mircea_popescu: bernanke helicopters a trillion funbux into "economy"
mircea_popescu: actually mjr_, these days it pretty much does
mjr_: yes, but you get forward contracts or options to guarantee and hedge
mjr_: i'm like OH that is why every single stock on NYSE moves the same direction at the same time
mircea_popescu: if you made a risk you didn't make that risk.
mjr_: "if the price of bitcoins doubles, the price of S.DICE halves"
mircea_popescu: why would they ?
mod6: yeah, this stuff is pretty far beyond most people who use the internet on a daily basis.
mjr_: i mean, so dumb though
mod6: just hang on irc then, less hassle?
mircea_popescu: now she's adding * to the "not his real handle" nicks
mircea_popescu: so i threw a shitfit
mircea_popescu: then a while back i referred to someone by her byname instead of their handle
mod6: he actually one a 10 BTC bet on over 26 USD by Noon EST today.
mircea_popescu: who's that forum kid that keeps reporting on like, what pirate did in his hood
imsaguy: haha, I broke a lot of cherries back in the day
mod6: so for that, I thank you :)
mod6: dude, I think that maybe you were the first person that sold me BTC.
imsaguy: enjoy the rest of your day/evening.
imsaguy: ok, its time to go stick my head in a meat grinder.
imsaguy: don't even try to fool yourself :p
imsaguy: if not that, it'd be something else.
imsaguy: gotta have something to bitch about
mircea_popescu: enough for everyone to scream bloody murder
imsaguy: it wouldn't be for too long that we'd be 'stuck'
mircea_popescu: not for the network tho.
mircea_popescu: if they spike us up and then their gear dies early in a recalc cycle it'll be nasty.
mircea_popescu: well.... that's not gonna be much
imsaguy: it'll be interesting to see where things settle
mircea_popescu: if a set mines at 12th on average for 500 hours and then pops
mircea_popescu: the one thing that becomes interesting now is of course useful life.
imsaguy: especially on older hardwear like theirs
mircea_popescu: ya. th mining requires some stuff other than power plug.
imsaguy: assuming full throttle
mircea_popescu: that guy with the 1th was there since like the 12th neh ?
imsaguy: which means they only have 33% of combined
pigeons: they just turned em up today really
gribble: Estimated percent change in difficulty this period | 6.19499 % based on data since last change | 10.21154 % based on data for last three days
pigeons: cause it would work out better for them to just mine honestly
imsaguy: because they're just mining
imsaguy: now that the settings are pretty tried and true and almost obsolete
imsaguy: it was back when people were trying to figure out gpumining
imsaguy: then again, its mainly dead these days
mircea_popescu: he's the assets assistant!
imsaguy: not this assbot
imsaguy: freenode and the assbot were something else
imsaguy: I would catch those almost as quickly as he made them
imsaguy: he was making tons of fake otc accounts
imsaguy: well, we're talking two different things
mircea_popescu: imsaguy i thought freenode finally got their shit together ?
mircea_popescu: mod6 so gives idiot kids an incentive to read up on supaduping
imsaguy: just takes persistance
imsaguy: mod6, we fixed that though
mod6: it does get the point across to trolls with limited reach -- for everything else there's SupaDupa
mircea_popescu: the stuff in between tho, with the banning... not so fine.
imsaguy: so its good I'm not on the list
imsaguy: I'm too emotional with the bans sometimes
mod6: instead of telling ChanServ to hook you up
kakobrekla: i kid i kid, that doesnt work even.
imsaguy: kakobrekla, not if you're not on the access list
imsaguy: I have to ask another op
mircea_popescu: how does that work ?
imsaguy: many of the people with ops in there atm aren't on the access list
mircea_popescu: mod6 anduck was the guy coming here ocasionally asking me like why im trusted and shit no ?
pigeons: starsoccer doesn't know that he's a scammer
mod6: im like WTF is this guy doing with ops.
gribble: WARNING: Currently not authenticated. User Keefe, rated since Mon Nov 8 10:37:04 2010. Cumulative rating 606, from 212 total ratings. Received ratings: 212 positive, 0 negative. Sent ratings: 221 positive, 7 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=Keefe
mircea_popescu: haha Keefe has one too
imsaguy: The first few negatives take care of that though.
imsaguy: kakobrekla, I used to be one.
gribble: WARNING: Currently not authenticated. User pirateat40, rated since Mon Aug 1 14:18:45 2011. Cumulative rating -125, from 89 total ratings. Received ratings: 55 positive, 34 negative. Sent ratings: 65 positive, 1 negative. Details: http://bitcoin-otc.com/viewratingdetail.php?nick=pirateat40
mod6: it seriosly could have been Anduck i'm talking about
imsaguy: I'm surprised my L2 to pirate is still positive
gribble: Trust relationship from user imsaguy to user pirateat40: Level 1: 0, Level 2: 6 via 33 connections. Graph: http://serajewelks.bitcoin-otc.com/trustgraph.php?source=imsaguy&dest=pirateat40
mircea_popescu: kakobrekla im sure he has pirate + too, it's how scamming works, you suck up to people.
imsaguy: kakobrekla: exactly, it all depends on who you trust, not hte absolute
mircea_popescu: imsaguy who was at some point negative total so the rule about rating with negative had to be reverted ?
imsaguy: half weren't active more than a week